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OF
THE
Commercial & [Financial Chronicle.
So ptember,
f
WILLIAM
Hi'.’
.
!!.
VOLUME
DANA
Wll.i.i'M
\
1887.
XL V.
(()..
STItKKT.
!M ilLISIIHKS.
NKYV
Y(i|;K.
.
9
The Investors' Supplement is issued
once
in two
months,
viz., on
January, March, May, July, September and November, and one
nished to every subscriber of the CHRONICLE.
Extra copies
Saturday of
of each issue is fur¬
copy
are
the last
sold to subscribers of
the CHRONICLE at 50 cents each, or to others than subscribers
at $1 per copy.
Entered according to Act of Congress in the year 1 sst. by William B. Dana
& Co., m tho oilieo of the Librarian of
Congress, Washington, l>.
c. i
CHRYSTIE
&
JANNEY,
BANKERS,
Nos. 23
COR.
or
Transact
CEDAR
&
Nassau Street\
25
ST.
NEW
YORK.
general banking business.
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a
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^n same when desired.
And invite correspondence.
/
.
Deal in United States Government and railroad
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1873.
<
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OF
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T II 1
FINANCIAL
REVIEW
(ANNUAL.)
1887.
A Year Book of Financial Information
FOR
BANKERS,
BROKERS,
STOCK
MERCHANTS,
I*riee of the
INVESTORS.
$2 00
Review, bouml in elolli
1 50
To Clironiele Subseribers
WIL la I AM
13
.
1 > ANA
CO.,
PUBLISHERS,
102
William
Street, New
York,
nkstes'
OF
Commercial
&
THE
Financial Qhronicle.
[Entered according to act of Congress, in the year 1887,
by Wm. B. Dana & Co., in the oflice of the Librarian of
Congress, Washington, D. C.]
VOL.
45.
NEW
YORK,
SEPTEMBER
24,
1887.
NEW RAILROAD
TERNS:
The Supplement is
published
ou
the last
Hardly
Saturday of
month—viz., January, March, May, July, September and every other
November;
and one copy of each issue is
furnished, without extra charge, to all
regular subscribers of the Commercial and
Financial Chronicle.
Additional copies of any issue are sold to
subscribers at 50 cents each,
and to persons not subscribers at
$ l each. No subscriptions are taken
for the Investors’ Supplement
apart from the Chronicle
Annual
subscription [trice to the Chronicle, including the Investors’ Supple¬
ment, is #10 20.
WILLIAM
B.
DANA
102
&
RAILROAD MAPS IN THE SUPPLEMENT.
The railroad maps now
published in the Supplement
include the following roads.
Map.
Chesapeake Ohio At Southwestern.
Chicago Milwaukee & St. Paul
See
Page.
38
15
15
17
21
23
15
24
20
103
28
Newpoit News At Miss. Val..
70
31
Chicago & Northwestern
33
Chicago 8t. Louis At Pittsburg. See Penn. RR
88
Chicago St. Paul Minn. At Omaha. See
Chicago & Northwestern
33
Cincinnati Indianapolis St. Louis &
Chicago
30
Cincinnati New Orleans At Texas Pacific
1
38
Cincinnati Washington & Balt. See
Baltimore & Ohio
17
Colorado Midland
40
Delaware Lackawanna At Western
42
Denver At R.o Gia do
44
Detroit Bay city Ac Alpena
45
Duluth Smith 8imre At Atlantic.
47
Dubuque At Sioux City. See Illinois Central
53
Elizabeth. Lexington Ac Big
Sandy. See Newport News Ac Miss. Val.. 70
Fort Worth Ac D over City
40
Galveston Harrisburg Ac San Antonio. See
Southern Pacific
103
Graud Rapids Ac Indiana. Nee
Pennsylvania RR
88
G llf Colorado Ac Santa Fe
52
Houston Ac Texas Central. See Southern
Pacific
1< 3
Illinois Central
International Ac Great Northern. See Missouri
Paeiiic
Jacksonville Tampa At Ke.y West
Kentucky Conti al. See Newport Nows Ac Miss. Valley
Lake Erie Ac We-tern
Louisville Ac Nishvillo.I
Louisville New vib toy Ac
Chicago
Louisville New Orleans Ac Texas
Memphis Ac Charleston. See Richmond Ac West Point Terminal
Milwaukee Ac Northern
Minnesota ct North western
Missouri Kansas Ac Texas. See Missouri
Paeiiic
Missouri Pacific
:
Mobile Ac .Ohio
c
Nashville Chattauooga Ac St. Louis. See
Louisville Ac Nashville
Newport
News tV Miss. Valiev
New York Ontario Ac Western
Norfolk Ac Western.
Northern Central. See Penn. RR
Northern Paeiiic
Ohio River
Orange Belt
Oregon Short Line.
Pennsylvania
See Union Paeiiic
Philadelphia Ac Erie. See Penn RR
Pittsburg Cleveland Ac Toledo. See Baltimore Ac Ohio
Pittsburg < incinnati Ac St. Louis. See Penn. RR
Pittsburg Ft. Wayne Ac Chicago. See Penn. RR
Pittsburg Ac Western. See Baltimore Ac Ohio.
Riohmond Ac West Point Terminal
Rome Watertown Ac
Ogdeusburg.
Shenandoah Valley. -See Norfolk At Western
St. Louis Ac San Francisco
St. Louis Arkansas Ac Texas
St. Paul Minneapolis Ac Manitoba
Shellicld * Birmingham Coal Iron Ac
Railway Company
Southern Pacitio
Toledo Ann Arbor & North Mich
Toledo St. Louis Ac Kansas
City
Texas Ac Paeiiic. See Missouri
Pacific
Union Pacific
Vicksburg Ac Meridian. See Cinn. New Orleans Ac Texas
Wisconsin Central
.
53
71
55
70
59
01
03
05
93
*7
G9
71
71
73
01
70
79
80
88
82
84
80
1(j9
88
88
17
88
88
17
91
94
80
97
96
99
101
103
105
107
71
Pacific
how the effects of this
trade and
out
and
William Street, New York.
Alabama Great Southern. See Cincinnati N. 0.
& T. P
Atchison Topeka & Santa Fe
Atlantic Ai Pacific. See Atchison
Topeka At Santa Fe
Baltimore Ac Ohio
Buflalo Roche-ter & Pittsburg
Canadian Pacific
California -outhera.j See Atchison
Topeka Ac Santa Fe
Central HR. Ac Banking Co. of
Georgia
Central RR. of New Jeisey
Central Pacific. See Southern Pacific
Charleston Cincinnati &
Chicago
feature of the railroad situation possesses
much interest at the
present time as the immense
amount of new
mileage which is being added to the rail¬
road system of the
country. AVe have frequently pointed
any
so
industry.
CO., Publishers,
109
38
114
CONSTRUCTION.
steel
trades
As
and
are
felt in every
stimulating
a
department of
agency,
the iron
allied
branches, being so directly
connected with the work of railroad
building, of course
reflect most the
presence of that influence; but in number¬
less different
ways, direct and indirect, all the channels of
business feel the
quickening effects. Production and con*
sumption
increased
are
modities takes
place
;
greater interchange of com¬
mines and factories are started
; a
new
there is an increased demand for labor ; the
furnace,
mill, the factory, all enlarge their output ; the
merchant handles a
larger volume of goods ; all these act
up ;
the
and re-act
on
each other till
the whole
internal
trade of
the country is
placed on a
even the external
trade is
plane of greater activity; and
enlarged, especially when, as in
the present case, the
prevailing activity leads to a heavy
demand for foreign
goods.
But at present it is
of the
ent
our
purpose rather to note the extent
mileage, and its distribution
new
States
and
territories.
That the
among
new
the differ¬
work is
being
prosecuted with unexampled vigor, readers of the Chronicle
of course know. An illustration
of the
rapidity with which
it is
being carried
review of
on was
the annual
given
a
statement
few weeks since
in
our
of the St. Paul Minne¬
apolis & Manitoba. That road recently reported the
laying
of no less than
eight miles of track on one day—this by one
single company.
As showing how
heavy new railroad construction now
is, we have the figures of track-laying
recently issued by
the Railway Age of
Chicago for the eight months from
January 1 to September 1. According to the Age, 6,462
miles of new track were laid
during the period mentioned.
In the six months to the 1st of
July the records showed
only 3,754 miles laid, so that in the last two months
2,700 miles of new road were constructed. Mr.
Poor, in his Manual, states that about three-fourths of the
9,000 miles of road built in 188G were constructed in the
over
last half of the year, so that
the work then must have
been going on at the rate of about
1,125 miles a month.
For July and
construction
August, according to the Age’s totals,
the
present year was at the rate of 1,354
month, being 229 miles a month heavier even than
the average per month the last half of 1886.
It is almost needless to
say
in
miles
a
year
was
that
greater amount of
first eight months than in 1887.
year 1882
a
only
new
track
The
one previous
laid in the
exception is the
when the total for the period in question
was
SUPPLEMENT.
INVESTORS’
2
7,000 miles (against 6,462
[Vol, XLV.
miles now), and for the full mile, with a provision for further amounts in certain con¬
The Railway Age thinks that tingencies, such as the laying of second track, which pro.
year reached 11,568 miles.
for the twelve months of 1887
vision, however, may be regarded as inoperative. The
close to, if it does not exceed, 12,u00 miles.
The Chicago Chicago Burlington & Quincy Nebraska extension 4 per
cents are also at the rate of $20,4)00 per mile, with the
& Northwestern and one or two other large companies
have recently resolved, it is reported, that when present right to issue $10,000 additional should the company at
extensions are completed they will undertake,no further any time decide to lay a double track. r The Chicago &
Northwestern 4 per cent extension bonds of 1886 are plain
new work till the result of their latest ventures is deter¬
mined.
This resolution, if adhered to, might reduce $20,000 per mile. The 5 per cent extension and collateral
bonds of the Rock Island are $15,000 per mile of single
materially the total of new mileage for 1888, but it prob¬
track and $5,000 per mile for equipment, or $20,000 per
ably comes too late to affect much the resu’t for 1887.
the aggregate will come
together, with $7,500 per mile additional for double
Still, it is impossible to say what the 1887 total will be.
track.
The Chicago extension of the Atchison will be
Twelve thousand miles looks rather large ; and yet if the
last four months show as heavy proportionate additions as bonded for about $35,000 per mile; but on the other hand
the Montana extension of the Manitoba has been bonded
July and August the actual total will fall not far short of
at only $17,500 per mile ($7,000,000 bonds on 400 miles
that figure.
As to the location of the new mileage, it has been of road), though future issues may be up to $25,000 per
The Northern Pacific general 1st mortgage is at
evident that the greater part of it must be west of the mile.
the rate of $25,000 per mile, but the various new branches
Missouri, and chiefly in Kansas, Nebraska, Dakota, the
Indian Territory and Texas.
Such roads as the Atchison, are bonded for much less, the Duluth & Manitoba a,nd the
the Rock Island, the Missouri Pacific, the Northwest, the James River Valley, being $15,000 per mile and the
Burlington & Quincy and the St. Louis & San Francisco Spokane & Palouse $16,000 per mile. On the Atchison's
have been very active in that territory, building hundreds, South. Kansas extension $16,000 per mile of 1st mortgage
and some of them thousands, of miles of new road, and and $4,000 per mile of incomes are allowed, while on the
Kansas & Western the rate is $14,000 first
hence it is not surprising to learn from the Age that the Chicago
mile
e
.
question supplied over- one-half of the new
track laid in the eight months.
Kansas of course leads
all other States, 1,184 miles of road having been laid
there.
Texas comes next with 665 miles, Nebraska is
third with 536 miles, Dakota fourth with 491 miles and
the Indian Territory fifth with 443 miles, the aggregate
for the five States being 3,319, while that for the whole
country is 6,462 miles. After these follow Colorado with
403 miles, Montana with 273 miles, Missouri with 213
miles and Illinois with 210 miles, these being the only
States having as much as 200 miles each, though Georgia,
Alabama, Michigan, Wisconsin and California all report
more
than 150 miles of new road.
But the following
will show the full details, as given in the Age.
In New
Hampshire, Vermont, Connecticut, Rhode Island, Dela¬
ware, West Virginia and Nevada it is stated that no new
five States in
road has been built.
TRACK
LAID FROM JANUARY
mortgage and $7,000 incomes.
On the whole, $20,000 would seem a fair average at
of bonds put afloat on ev<"ry mile of
single track road built and equipped. Where expensive
terminals have to be provided or large bridges constructed
the average of course is much higher ; but this may be
supposed to apply in comparatively few cases. In the
matter of stock the average is much harder to determine.
The Chicago & Northwestern, the St. Paul Minneapolis &
Manitoba and the Burlington & Quincy are issuing no
present of the amount
stock at all
their
new
extensions.
Chicago extension will have 30
but this also is held
The Atchison on its
millions of stock (Chicago
be held in the Atch¬
put afloat ; so that
California), but it will all
ison treasury, and therefore not be
practically it may be regarded as
Chicago Kansas & Western the issue
Santa Fe &
other
1 TO SEPTEMBER 1, 1887.
on
On the
is $10,000 per mile,
unissued.
in the Atchison treasury.
On th®
hand, the Chicago Milwaukee & St. Paul lately
millions new stock for new acquisitions, exten.
issued 10
No.
No.
Miles
MAine
Miles
roads
roads
7
V6
11
401
7
111
Nebraska
13
536
1,184
1
11
Minnesota
o.
16
PHkot.a
Iowa
■;
Territory
New
York
4
a?
New
Jersey
1
51
7
431
Kansas
23
10
213
4
443
12
605
Colorado
7
403
Wyoming Territory
Montana Territory
1
59
2
273
0
192
1
4
Pennsylvania
Maryland
Ronth
Carol ina
%.....
1
11
Missouri
3
35
Indian Territory
8
124
3
2s{
1551
84
5
Florida
5
83
Alabama
9
189
Mississippi
3
31
Louisiana
2
53
Tennessee
4
13
Idaho
Kentucky
5
48
IT tail T eri
12
Michigan
Indiana
6
210
8
151
Wisconsin
An
i
Texas
Onorgi a
Ohio
.
New Mexico
Territory
,5
1
6
80
2
60
7
171
3
17
4
45
1
19
Tot. in 40 States & Ter’s. 219
0,402
itory
The Missouri Pacific also has
amounts of
stock for similar purposes.
announces
a
new
issue this week.
The Fort Worth
Denver, on its new mileage, issues stock to the extent of
$20,000 per mile. On the Milwaukee & Northern the
limit is $17,000 per mile.
Taken altogether, while there
&
is
adequate data on which to make a wholly reliable
we should judge, in view of the large proportion
new mileage built by the larger companies without the
no
estimate,
of
of stock, in
would cover
the capital creations on the new mileage built—this to rep¬
resent, be it understood, not the full amount issued (for
of any stock, that $10,000 per mile
addition to the $20,000 per mile of bonds,
issue
such nominal creations as the
stocks on the Atchison’s auxiliary lines referred to above),
but rather the amount actually used or put out, or intended
that would have to embrace
important point bearing upon this mileage is the
of new stock and bonds that may be supposed to
amount
issued large
The Rock Island
sions, &c.
to be
put out.
Taking these averages of stock and bonds per mile, the
mined approximately, and on the basis of an average per 6,500 miles (roughly) which have been constructed during
This average in turn can the eight months would represent an outlay of 130 millions
mile for each class of securities.
only be got by an examination of some of the recent issues in bonds and 65 millions in stocks, or say 200 millions
by the principal companies. We find that all the St. together. .Of course this must not be regarded as the
Paul mortgages, like the Chicago & Pacific Western total capital creation of the railroads; it covers only the
Division, the Chicago & Missouri River and the Wisconsin new mileage built. Further large sums have been spent
& Minnesota, provide for bonds at the rate of $20,000 per in various ways, many of the larger corporations having
INVESTORS’
September, 1887.J
made extensive
SUPPLEMENT.
3
additions to property
and plant, and ganizations of defaulted and bankrupt roads. In a good
greatly increased their stock of equipment and motive many cases these reorganizations effect a change
simply
power.
But using the figures just as they are, it is in the class of securities, as for instance when bonds
important to note that the 200 millions on the new mileage are replaced by stock. In other cases, however, certain
for the eight months of 1887 is in addition to about 425 junior securities
are
entirely extinguished, and this
millions new stock and debt of all kinds created in the of course reduces
correspondingly the total of stock
calendar year 1886, making 625 millions in this way for and debt.
The most conspicuous recent instance of a
the twenty months since the 1st of January, 1886.
The reduction in capitalization is afforded by the Nickelestimate of 425 millions for 1886 is based on Mr. Poor's Plate
road, which was sold in May last under foreclosure,
figures in his last Manual, and is arrived at in the manner and is now being reorganized according to a plan pre¬
indicated in the Chronicle of September 3.
About 225 viously agreed upon. Under this plan stockholders have
of the 425 millions may be taken to represent stock
paid a cash assessment of 10 per cent and will receive only
200 millions bonds and other forms of debt.
Combining 50 per cent of their holdings in stock of the new company
these
^mounts with the figures for 1887, the total for the —that is, both the old common and the old preferred
eighteen months would stand at 330 millions bonds and stock is cut down one-half. The cash obtained from the
nearly 300 millions stock. But while these are undoubt¬ assessments has enabled the company to pay off
floating
edly heavy aggregates, they have been largely exceeded and other obligations, and after reorganization the total of
in single periods of twelve
months. Thus from the stock and debt will be only 50 millions, against over 75
subjoined table it will be
seen
that in 1881 there
was
an
million for the old company, as
follows, the reduction
468J millions and in debt of amounting to full 25 million dollars.
about 407£ millions, and in 1882 an increase in stock of
NICKEL-PLATE (NEW YORK CHICAGO
ST. LOUIS )
333^ millions and in debt of 404^ millions. The folio vBrfnre licorga aizat ion.
After Reorganization.
ing shows the changes in stock and debt of United States Stock—Commo$28,000,000 8tock—1st pref
$5,000,000
Preferre
2d pref
22,000,000
11 000,000
railroads in 1886 and 1885, and in 1882, 1881 and
Comm
14,0(0,000
Total
1880.
The figures cover the liscal years of the
Total
$15,000,000
respect¬ Bonds—1st 6s
$30,000,000
2d 6s
Bonds—1st 4s
1,046.000
$20 0t0,000
ive companies, and that explains why
the addition
Equip. 7s
4,000,0(H)
for 1886 is only 320-A- millions, while above we have Bills payable, &c
5,500,000
increase
in
stock of abaut
...
....
n
...
..
..
....
....
stated it
425
as
millions
on
the
basis
of the
calendar
Total bonds, &c
Grand total
....
.
..
year.
In the
1886.
1885.
1882.
1881.
1880.
Increase
jSi,810,676
S3,081346
333,660,643
468,701,804
313,026,082
Funded debt.. 3,8*2,966,330 3,765,727,066 3,235,543.323 2,878,423,606 2,530,874,94a
Increase....
117.239,264
90,611,204
280,673,814
259,108,281
270,170,962
222,766,267
i4,44i,6Ss
47,404,693
60,276,328
Other debt
Increase
■
Grand total....
Increase
2 r,3
6s,333
357<i 19.717
347,348,663
211
383.771
162,48V*,939
3,608,887
8,163,148,652, 7,842.533, 17 9 7,016,750,109 6,278,565,052 5,402,038,257
320.613.473 166,134,123 738*183,037 876,326,793 330,020,740
Note.—The above Azures all cover “fiscal” years, not calendar years.
If tlie calendar year 1886 were taken, tile increase in stock and all
kinds of debt would be about 425
millions, instead of 820 millions,
as
given.
much
in the
as
Grand total
$50,000,000
reorganization of the East Tennessee, effected
the capitalization was also reduced, but not so
last year,
$
$
$
f
$
3,1*99,508,508 3,817,697.832 3,511,035,824 3,177,375,179 2,708,673,375
Stock
$2.\546,000
$15,516 000
case
of the Nickel-Plate—the total of stock
and debt
being placed about 10 millions smaller than
Among some of the minor companies the Toledo
Peoria & Western may be mentioned as distinguished in
the same way.
Here the old 1st mortgage bondholders
before.
received dollar for dollar in
besides
in
new
stock; but
new
as
bonds
and 100 per cent
all the junior securities
($2,900,000 1st preferred incomes, $1,000,000 2d pieferred
stock) were wiped out, the total
capitalization is nevertheless smaller than before, namely,
$9,500,000, against $11,400,000.
incomes and $3,000,000
Aside, however, from the fact that present additions are
large as in some former active periods, there are
other important points of difference in favor of the cur¬
In many other cases, however,
reorganization has
rent period,- to which we have alluded on
in
resulted
increasing capitalization rather than decreasing
previous occasions,
but which will bear brief repetition now.
it.
This
follows
In the first
usually because bonds or stock were
place, the work is being done chiefly by old companies of given to represent back coupons and unpaid interest, or in
large resources and heavy earning power, and if the new return for cash assessments paid, or as compensation for a
ventures at first result in a loss, the parent
The Denver & Rio Grande is a
company will reduction of interest.
be amply able to bear it.
Then the rate of interest is typical instance of this kind. On it every one of the
very much lower, the average being not above 5 per cent, causes mentioned operated to increase the aggregate of
with some of the companies borrowing at 4 per cent.
It stock and bonds (bonds if taken alone, however, showing
is to be remembered too that in most cases the new roads a
decrease), and hence the total now stands at $90,607,500,
are
intended as branches or feeders to existing systems, against $70,099,000 before, as may be seen from the
not as
and
therefore
are
of
a
different character from the
speculative undertakings
But
the
most
so
remarkable
the present large
few of them,
mere
DENVER * RIO GRANDE.
prominent in other periods.
feature
in
connection
with
issues of stock and bonds is that so
comparatively, come on the market. Most
of the loans are placed with large and
powerful syndi¬
cates—usually abroad—and nothing more is heard of
them publicly, the buyers
apparently finding no difficulty
in disposing of their
takings to investors in a quiet
Instances
this
kind have been very numerous,
way.
of
and they constitute an element of great
strength in the
ituation.
following.
Before Reorganization.
$38,000,000
Common stock
Bonds—1st 7s
7s consol
Gen. mttfs. 5s...
Car trusts
Total bonds
Grand total
...
...
...
$6,382,500
19,740,500
After Reorganization.
Stock—Common
Preferred...
Total
Bonds—1st 7s
...
...
23,650,000
$(51,650,000
$6,382,50
3.476,000
New 4s
22,575.000
$32 099,000
Total bon Is
<28 957 500
Grand total
$'.*0,607,500
But while stock and debt has been increased
20^ mil
ions, the obligatory annual interest charge, owing to a
reduction both in the rate of interest and in the amount of
is but $1,349,775, while previously it was $2,221,a feature common to almost all
question of securities issued it may be
reorgani¬
well to note an element of a somewhat different char¬ zations.
Whether capitalization has been increased or
acter from
that
set out
above.
We
refer to the decreased, charges have been reduced, so as to avoid, if
changes in stock and debt caused by the various reor¬ possible, future defaults.
While
i,
on
this
800. And this is
STOCK AND BOND TABLES.
NOTES.
connection with the information concerning investment matters published from
in the remarks on each page. Annual reports are in black-faced figures.
of the tables below:
These tables are expressly intended to bo used in
week in the Ciikonicle—to which an index is furnished
The following will give explanations of each of the columns
week to
M. for “mortgage,” s. f. for “sinking fund,”
“guaranteed,”
eh for “endorsed.”
covered by the mortgage.
$100 and larger.
extra: s. stock or scrip.
Wtien Payable.—J. A J. stands for Jan. A July; P. & A., Pel). A Aim.; M. A 8., March A Sept.; A. A O., April A Oct.; M. A N., May A Nov.; J. A D.,
June
Dec.; Q..—J., quarterly from Jauunry; Q.—F.. quarterly from Feb.; Q.—M.. quarterly from March.
Bonds, principal when <tne ; Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks.
;
'
Railroads leased are sometimes given under the lessee’s name. Abbreviations used are :
“land grant,” reg. for “r^gi-tered ” coup, for “coupon,” br. for “branch,” guar, for
i.
Dale of tionds.— The date of issue is referr* d to in this column.
Miles of Hoad.—Oppo-dte stocks, this means the miles of road operated ; opposite bonds, the miles
Size or Par Value.— These figures are dollar.-, showing the denominations or par value. The figures “10 >, A
signify
Rate Per Gent.
The interest per annum is given for bonds, but the pt-r cent of iast dividend for stocks; g means gold; x.
Descrii>ti<m.
-
1. gr. lor
A
STATES
UNITED
58 1
Size
Author¬
izing
DESCRIPTION.
1907, coup, and reg., incl. refund,
4*2S of 1*91, coupon and registered
4s of
3 percents,
value.
$50Ac. j
50Ac.
50AC.
lOOOAc.
July 1868
J’y ’G2A’64
Navy Pension fund
Currency Os,
par
Act.
1870 A ’71
1870 A ’71
certfs.
registered
or
BONDS.
INTEREST.
Amount
outstanding
Sept. 1, *87.
When
Rate.
Principal—When
and by
due.
A Sub Treas
July 1, 1907
Sept. 1, 1891
Where payable
,
whom.
pay’ble
.
Q
4, coin.
—
J. U. S. Treasury
4*2, coin. Q.—M.
14,000, COO 3, coin. J. A J.i
do
do
do
U. S. Treasury.
.
J. A J.
04,G23,51‘2j
do
1
1895-0 7-8-9
"
redeemable ! in “lawful money,” and mature as follows: $3,002,000 in 1895’
and four and a $8,000,000 in 1890, $9,712,000 in 1897, $29,901,052 in 1898 and
iu 1890. The interest on registered bonds is mailed by
both coupon I $14,004,560
directly to the holders or to any address requested by the regis¬
or $5,000, check
tered holders.
$10,000, $29,000 and $50,000. Tne United States currency sixes are all
registered, issued in pieces of $1,000, $5,000 and $10,000, are payable
All the Government bonds except the currency sixes are
in coin, the sort of coin not being specified. The fours
halfs are issued in bonds of $50, $100, $5o0 and $1,000,
and registered issues, and the registered bonds also m pieces
Subscribers will confer a great favor
Date of
Bonds.
DESCRIPTION.
Alabama—Substitution bonds (A) ($7,000,000).
Substitute b’ds for RR. (B) ($590,000)
do
for Ala. A Clmtt. (C) ($1,000,000)
“obligates” (tax-rec’ble 10-20 yrs.)
Arkansas—Funding bonds of 1809 and 1870.,
tending Bonds 1870 (Holford)
Funding
Levee bonds (or warrants)
Old debt, including interest to 1884
To Memphis A Little Rock Railroad
To Little Rock A Fort Smith Railroad
To Little Rock, Pine Bluffs A N. Orleans
To Miss., Ouachita A Red River
To Arkansas Central Railroad
RR..
Railroad
California— Funded debt bonds of 1873
Connecticut— Bonds. 10-20 year
\ Coup.
New bonds (sink, fd.) not taxable— ) or reg.
New bonds, reg.
do
New bonds, coup, or reg
Bonds registered (redeem
do
at will)
Delaware.—Refuud’g bds., ser. “A,” “
Bonds, redeemable after
STATE SECURITIES.
by giving immediate notice of any error
B” & “C”
June 1, 1895
| Size or
!
par
Value.
1876
$100Ac.
100 Ac.
1876
100 Ac.
1876
1880
1,000
1809 to ’70
1870
1,000
100 Ac.
1871
1838 to’39
1,01)0
1809
1,000
1870
1,000
1870
1,000
1870
1,000
1,000
1870
500 Ac.
1873
1877
1,000
1883
1,000
1884
1,000
188.5
1,000
1887
1,000
1881
1,000
1885
....
Outstanding
4
539,000
953,000
4
School bonds
1872
Dist. of Columbia- Perm’t imp’t,
coup—
1873
Permanent improvement bonds, coupon
1879
Bds for fund’g (Act June 10, ’79) coup, or reg.
1874
Fund, b’ds (U.8.guar., Acts June,’74 A Feb.,’75)
187?
Market stock, registered and coupon
1871 to ’73
Water stock bonds, coupon
1872
Wash, fuud’g, gld,($6l8,100 are M.AN.,1902).
1871
Florida—State bonds
1873
Gold bonds
1870
Georgia—Quar. g. bds., act of Sept. 15,
1872
Bonds, act of Jan. 18, ’72
1876
Bonds to fund coupons on endorsed bonds...
1877
Bonds exchanged for endorsed RR. bonds
1885
Funding bonds, coup. Act Dec. 23, ’84
1882 A ’83
State University Bonds
1-85
Indiana—Temporary loan
1867 to ’73
School fund bonds (non-negotiable)
1864„to ’75
Kansas— B’ds for State purp. ? $574,500
I860 to ’69
Military loau
> in State f’ds—
1884
Kentucky—Bonds, gold
1800
gold,
1870...
heldC
500 Ac.
100 Ac.
100 Ac.
50 Ac.
50 Ac.
1,200,000
1,000,000
1,200,000
000,000
1,350,000
2,098,000
1,030,000
500,000
1,000,000
1,740,000
1,01)0,000
625,000
120,000
156,750
6 6,200
943,400
14,033,600
14 5,050
375,000
100 Ac.
100
100 Ae.
l,60u,800
1,000
2,098,000
500 Ac.
307,500
542,000
2,141,000
1,000
1,000
1,000
280,100
7*7,300
....
....
254,000
...
—
824,500
206.000
1,000
500,000
1,<>00
174,000
cent after 1896. Alabama
exchanged
$1,000,000 of
bonds were
Analysis of the
V. 24, p. 28.
issued
the Ala. A Chatt.
the lands
Alabama.—The “A” bonds bear 5 per
A Chattanooga endorsed bonds were
for
the new bonds, Class C. In 1880 the new 6 per cent
issued to retire old 8 per cent “State obligations.”.
debt and funding of 18^6 was given in the Ohroxicle,
For the $2,000,000 of State 8 per cent bonds
to
RR. under act of Feb. II, 1870, the State gave the lieu on
franted
in 1900,
to that
railroad,
500,000
1,200,000
The L0-40’s
1880,of
The assessed
valuofition
may
bo called
at partoafter
1890. acres.
ue
#152,920,115 in 1881-82, $154,518,157
1885-80; tax rate fO per $1,000.
Arkansas,-The State Supreme Court decided Levee bonds of 1869
and I87o invalid ; nor are the Holfordor the Railroad Aid bonds recog¬
nized by the State. The State is in default for interest.
In Jam, 1883,
a decision was niade by the U. S. Circuit Court, substantially holding
the railroad companies responsible for the State bonds issued to them,
but this was reversed aud the case appealed to U. 8. Supreme Court.
The following are otlieial assessments aud tax rate per $1,0JO:
-
real estate and personalty was
Inl883-S4 aud $ 172,5 28,933 iu
Tax Rate.
Personal.
Real Estate.
$7
4
5
missing).. 85,531,485
—(V. 44, p. 421.)
California.—The State holds in trust for School and University funds
$250,000 Capitol bonds aud also bonds of 1873, in all $2,494,500,
leaving only $4 >8,500 in private hands. Assessed valuations aud rate
of tax per $1,000 have been:
Years.
Real Estate.
Personal. Tax Rate.
1884
$106,014,031
$054,990,072
$4*52
1885
088,3 LI,102
171,201,282
5’44
1884
1885
1880 (one county
$81,640,415
82,273,0 *5
$50,403,842
52,13 <,530
' 53,775,852
Connecticut.—The debt of Connecticut was
war
purposes.
all created originally for
Assessed valuation aud tax rate per $1,000
Real Est. A Personal.
have been:
Tax Rate.
$1*25
Am.
July 1, 1900
July 1, 1906
July 1, 1906
Jan. 1, 1900
Exch. Nat.Bk.
do
do
do
do
Winsiow, "l.
1,685,000
3,904,783
100 Ao.
N. Y.,
_
3,392,000
....
\
Military bonds
3,166.900
1,000
Due.
Whom.
Montgomery.
6
1899
6
1900
6
1900
7
J. A J.
I860
6
:J. A J.
1899
A. A O.
7
1900
A
A.
O
7
1900
A. A O.
7
1900
A. A O.
7
April, 1900
A. A O.
7
1893-94
Sacramento, Treasury.
6 g. J. A J.
May 1, 1897
Hartford, Treasury,
M. A N.
5
Jan., 1903
do
do
J. A J.
3*2
Jan. 1. 1903
do
do
J. A J.
3*2
Oct. 1, 1910
do
do
3
A. A O.
May 1, 1897
do
do
vl. A N.
3*2
1891, 1901
Pliila., Phila. Nat. Bank,
4
J. A J.
June 1,1905
do
do
4
J. A D.
Jan. 1, 1901
6
July 1, 1891
6 g- J. A J. Wash, or N. Y., U. S. Treas
July 1, 1891
do
do
J. A J.
7
July 1, 1899
do
do
J. A J.
5
Aug. 1, 1924
do
do
F. A A.
365
July 26, 1892 •
do
do
J. A J.
7
Oct. 1,1901 A ’4)3
do
do
J. A J.
7
1892 A 1902’
do
do
6 g. J. A J.
Jan. 1, 1901
N. Y.,Park Bk. A Tallahassee
Jan.
7
Jan. 1, 1903
do
do
6 g. J. A J.
Oct., 1890
7 g.
Q.—J. N. Y., Fourth National Bk.
May, 1892
do
do
J. A J.
7
July 1, 1896
do
do
J. A J.
7
Jan. 1, 1889
do
do
J. A J.
6
July 1, 1915
New York A Atlanta.
J. A J.
4*2
1932-33-34-35.
7
1895
N. Y.,
A Co.
3*2
Various
6
1887 to ’95
N. Y., First Nat. Bank,
J. A J.
7
1887 to ’99
do
do
J. A .T.
7
1905
New York City.
J. A D.
4
1896
Ky.
Frankfort,
J.
A
6
J.[
1,208,000
1,980,773
2,575,003
....
Principal—When
Payable and by
Where
Payable
5
954,000
1.2o5.000
....
or
When
Rate.
$6,747,900
•
discovered in tUese Tables,
INTERE8T.
able July, 1891 to 1901. In addition to above, $83,000 is
College. There is no State tax levied, nor assessments
District of
Columbia.—The interest and sinking
provided for by Congress,
$L5,000,000. “
bonus
are
188;
1886. real estate,
due Delaware
made.
fund on the 3-65
and the amount is limited to
$9 >,054,301; personal,
$L2,532,997; tax rate, $15.
bonds, and the
outstanding $430,700.
aud personal property
1884, $60,042655: tax rate $4. Assessment in 1840, $70,011,409; tax rate, $4.
Georgia.—The constitutional amendment in 1877 declared void
several issues of bonds ami railroad endorsements. The 4*2 p.c. bonds,
of 1885 were sold to take up other bonds maturing in 1 485 aud L880.
Tax rate, 3*2 mills. Assessed valuations have been:
Years.
Railroads.
Real Estate.
Personalty.
$L74,452.701
$120,432,009
$22,188,901
23,000,294
179,9 40,059
119,200,739
1880 (tot.valuat’ns)
--$329,489,505—
'
Indiana.—There are also outstanding $340,000 5 per cont. bonds
due 1901, held by Purdue University; $ >0,000 State? University bonds
held by Treasurer, and about $18,000 miscellaneous issues of bonds.
Valuation in 1885, $793,526,079,
Valuation in 1880, $794,696,597.
Kansas.-Kausas has but \ smallStats debt, but the issue of 'uiiuioipa
Population iu 1884, 1,135,1
bonds was about $19. b)7,85l Jan. I, 18S7.
614; in L847, 1,500,000. The valuations (about one-half of true value)
Florida.—The sinking funds hold $218,800 of above
school, Ac., funds held $425,500 more, leaving
Coupons of all bonds are receivable for taxes. Real
assessed in 1883, $ > >,<>08,500, tax rate $4 per $1,000; in
have beeu:
Years.
1885
Real and
Personal.
$247,371,045
Rate of Ta x
per
$1,000.
Total
Debt.
$
830,500
$.
277,113,323
4 10
310,590.686
Kentucky,—Against the bonds as above tlie sinking fund held
$711,150, Sept.,’87 Valuation iu 1884, $377,888,542; in 1885. personal,
$96.838.9L9: r<M,] estate. #2 *3.989,044: total valuation. $390,827,963,
In 1886, personal. $9 >,654,572; real estate, $293,204,320; in 1S87.
$300,000, redeemable July, 1880 to 1891; series “0,” $105,000, redeem¬ personal, $132,929,408; real estate, $351,519,622.
Years.
1884
$349,977,339
■
349.177.59 7
1885
2 00
1886
1 25
349,725,773
The assessed valuation of real estate is about 70 per cent of the true value.
—(VoL 44, p. •'Os.)
Delaware. — l'uese refunding bonds issued July, 1881, take up out¬
standing dear,.
Series “ A” are $160,000, redeemable 18 46; series “ K,"
1880
1847
STATE
September, 1887.1
Subscribers will confer
a
great favor by giving immediate notice of
any error discovered in these Tables.
DESCRIPTION.
For
explanation
see notes on
SEC U KITIES.
Date of
Bonds.
Size
Are" pcwge of tab!
Value.
INTEREST.
Amount
or
par
outstanding.
Rate.
When
Where pa vable and by
w horn.
Payable
Principal—When
due.
*
Louisiana—Relief of State Treasury and miseel.
Bonds in aid of various railroads
Bonds to Boeuf A Crocodile Navigation Co...
to Mississippi & Mexican Gulf Canal..
do
do
school, held by St. Treasurer
do
to N. Orleans, Mobile A Chatt. RR
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds(stamped 4.per ct.)
1853
$500
$40,100
175,000
1,000
1,000
1,000
1870
1869
1857
1870
1871
1869
1874
1880
1864
1868
1838
1838
80,000
260,000
1,000
1,000
1,000
3655478188811
“Baby” bonds, threes
Maine— Bounty loan bonds
i Coup.
Municipal war debt assumed
S or reg
Maryland—Baltimore A Ohio Railroad, sterling
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna Railroad......
Baltimore & Susquehanna Railroad
2,500,000
1,000
875.000
11,966,450
1,437,000
100 Ac.
....
500 Ac.
100 Ac.
2,330,000
2,827,000
1,784,444
....
2,263,333
309,485
31,069
269,000
....
1838-47
1839
1837
1839
Annapolis & Elkridge Railroad
1839
Defense redemption loan
1882
Deaf and Dumb Asylum Loan
1870 A’74
Treasury relief loan, 10-15 years
i87b
Exchange loan of 1880
18-6
Massac/itt sells—Bounty Fund Loan
1864
500 Ac.
do
do sterling
1864
£100 Ac
War Loan, sterling
1869
£200
Troy & Greeuiield Railroad loan, sterling
1858 to’61 £200 Ac
do
do
home
1861 to ’63 500 Ac.
do
do
1871
sterling
200 Ac.
do
do
sterling
1875
£500
do
do
dollar bondss 1873 to’74
1,000
do
do
do
1875
1,000
do
do
do
1877
10,000
Southern Vermont Railroad Loan
1860
5,000
Boston, Hartford A Erie Railroad, sterling... 1868 to’69
£200
Harbor Land Improvement (5-20s)
1874 A’76
1,000
Danvers Lunatic Hospital
1874 A’77
1,000
Lunatic Hospital, Worcester
1875-’76
1,000
New State Prisons, sterling
1875
£500
Michigan—War Bounty Bonds
1865
1,000
Minnesoia—Adjustment bonds, (10-30, red., 92)
1881
1,000
Missoun—Consolidated bonds
1868
1,000
University and Lunatic Asylum bonds...
1872
1,000
....
....
298,435
....
62,605
3,000,000
125,000
500,000
....
....
....
....
1,845,589
4,379,500
4,022,649
1,005,419
5,537,104
1,366,500
3,618,242
1,506,182
300,000
•
Penitentiary in lemuity
Funding bonds
do
5-20 years
Hannibal & 8t. Joseph Railroad, renewal
Nebraska—Bonds (act Feb. 14,1877) coupon...
New Hampshire—Wav loan, coupon bonds
—
Municipal
war
loan
Loan of 1879 for refunding....,
Prison loan
New Jersey—Wav loan bonds, tax free
do
do
taxable
New York—
(
Canal debt,
\
Under Art. 7, See. 3, of Con
stock, [stitution.
Niagara Park Jaian bonds
reg.
1,300,000
370,000
200,000
3,618,729
300,000
1,500.000
1,100,000
1,299,355
23 1,000
3,965,000
2,483,000
185,000
24,Oi 0
....
State Bank stock refunding
Bonds to North Missouri Railroad
Bonds to Cairo A Fulton Railroad
Bonds to Platte County Railroad...
Bonds to Iron Mountain Railroad
Pacilie Railroad of Missouri
1874
1854 to ’58
1857 to’59
1859 t o ’60
1854 to’59
1853 to ’59
1874
1886
.
1874
1877
1864
1872
1879
1879
1863
1864
1875
1873
1874
1885
'
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
150,000
100 Ac.
2,206,100
1,000
1,000
400,000
100 Ac.
100 Ac.
100 Ac.
100 Ac.
100 Ac.
5H.000
802,900
593,400
r
1,000
473,000
4,269,950
1,998,000
800,000
Maine.—The debt January 1, 1887, was $5,157,000. The
sinking
fund $2,110,390.
Tax rate for 1880, $5-0 ■ per $l.oO>of valuation
of 1870; 1881-82, $4*50; 1883-84, $4*00;
1835-6, $3*75 on valuation
of 1881.
Maryland.—1The State has largely assisted canals and railroads, and
holds $3,302,286 of stocks and bonds ranked as
productive; the State
also holds $28,126,034 iu unproductive
securities, which includes
$25,371,966 on aeo >uut of Chesapeake & Ohio Canal.
The State ex¬
changes the “Defense Loan” at par for new certificates of
bearing interest at 3 65 per cent, redeemable in 15 years. indebtedness,
Assessed val¬
uation, Ac., have been:
Years.
Real A Personal. Tax per $1,000.
1883
$166,089,380
$L87^
1884
469,593,225
1-87^
1885
473.452,144
1886
;
.
Massachusetts.—The funded debt, Jan. 1, 1887,
was
$31,429,630;
$18,961,412. The Hoosac tunnel and connections
heavily. The loan to Boston Hartford A Erie Railroad
was secured by “Berdell”
mortgage bonds, afterwards exchanged for
N. Y. A N. E. RR. secoud mortgage
bouds, and these bonds were sold
in 1885 at 90. Assessed valuation,
tax-rate, Ac., have been:
oost the State
Real
Estate.
Years.
1882
1883
Personal
Property.
$1,189,524,370 $312,858,614
Total
Debt.
$32,511,680 $16,944,263
1,226.111,297 835,601,175
3L,423,680 16,836,672
1,258,452,712 829,339,811
31,423,680 17,731,725
1835
1,287,993,899 827,043,710
31.423,680 18,182,672
1886
1,340,493,673 839,409,214
31,429,680 18,964,412
Michigan.—The debt is practically extinguished, as the
sinking fund
has sufficient assets to pay
the bonds. Equalized valuation of real and
.
.
•
yearly
Minnesota.—All the old State bonds formerly held by the
permanent
school fluid have been redeemed or
exchanged for 4^8. Minnesota re¬
fused for some years to recognize the “ State Railroad
Bonds” of 1858,
to the amount of $2,275,000, but a
proposed compromise with the
holders was provided for in 1881, and was carried out
by the issue of
the 4*2 per cent bonds. Taxable valuations
and State tax per
$1,000
have been:
Years.
Real Estate.
$255,910,090
188 4
307,859,774
310,781,118
380,000.000
1886
Personal.
$78,549,269
80,298,879
Tax Rate.
$180
1*30
80,30o.o00
1*80
1-30
83,000,000
Missouri.—''The tax rate is $ 4-00 per $1,000
Bonds maturing are
mei by
sinking fund. Total Stale debt Jau. 1, 1887, was $14,180,000,
including school fund and University certificates, $3,653 000. The
Hannibal A St. Joseph RR. paid the State
$3,000,000 for its debt, but
the State refused on Jan. 1,
1882, to pay the coupons on its own $3,000,000 of bonds.
Litigation between the State and company ensued, re¬
sulting iu a judgment against the company for $476,049, as due the State
on May II. 1833; au
appeal to the U. S. Supreme Court is yet pending.
The following is a statement of the assessed
property in this State on
June l, 1883, 1884 aud 1885 :
1883.
Real estate
Personal property
Railroad property,
Total
1884.
$443,144,455
173.345,191
Ac.
39,760,767
1885.
$495,293,007
186,425,373
$513,803,113
4 4,564.99 7
181,133.128
46,444,83 5
$656,250,413
$726,283,378
$746,331,081
....
Nebraska.—The State school fund holds $326,267. Assessed valu¬
ation of real estate, personal,
railroad, Ac. (33*3 per cent of true value,
aud tax rate per $1,000, have been :
Years.
Sinking
Funds.
J. A J.
$12,000 ]
r
July, 1893
Various
H'8.000
1872 to 1906
J. A J.
80,000
Amounts not
Jan. 1, 1890
7-30 M. A 8.
260,000
1899
fundable,
6
Various
48,000 [ per report of 1
1897
8
J. A J.
Jan. 1, 1887.
70,000
July
1, 1910
8
A. A O. 2,500,000
April, 1911
8
875.000
7(4) J. A J. N.Y., Winslow, Lanier A Co
Jan.V 1914
2, 4, 3 J. A J.
New Orleans.
1887 and 1914
6
J. A D.
Boston, Suffolk Bank.
June 1,1889
6
A. A O.
Augusta and Boston.
Oct. 1, 1889
5 g. J. A J.
London, Baring Bros.
1889
5 g- J. A J.
do
do
1889
5
Balt.,
Farm.
A
Q.-J.
Merch. Bk.
1890
5
A. A O.
do
do
1890
3
do
Quart’y
do
1890
6
do
Q.-J.
do
1890
6
A. A O.
do
do
1890
3-65 j. A J.
do
do
1899
6
J. A J.
do
do
1889
6
J. A J.
do
do
1893
3
J. A J
do
do
1920
5 g. M. A N.
Boston, Treasury.
May 1, 1894
5 g. M. A N.
London, Baring Bros.
May 1, 1894
5 g. J. A J.
do
do
July 1, 1889
5 g. A. A O.
do
do
Apl., 1888 to ’90
5 g. Various
Boston, Treasury.
April, 1891 to ’94
5 g. J. A J.
Loudon, Baring Bros.
July, 1891
5 g. J. A J.
do
do
Jan. 1, 1895
5 g. J. A J.
Boston, Treasury
1894
'
5 g.
T. A J.
do
do
Jtilv 1, 1895
5 g- M. A 8.
do
do
Sept. 1, 1897
5 g. A. A O.
do
do
April 1,1890
5 g- J. A J.
London, Baring Bros.
Jan. 1,1900
5 g. J. A J.
Bostou, Treasury.
Sept, 1, 1896
5 g- Various
Boston , Treasury.
J’yl,’94-Sep 1,’97
5 g. Various
do
do
M’yl’95-Sep 1,’96
5 g. J. A J. London, Baring Bros.
Jan. 1, 1895
A Co.
7
M. A N. N. Y.f Am. Exchange Bank.
May 1, 1890
J.
A J. N. Y. City. Hist Nat. Bk.
4ifl
1911
6
J. A J. N. Y., Bank of Commerce.
Jan. 1, 1888
6
J. A J.
do
do
J ul v, 1892
6
J. A J.
do
do
April 1, 1895
6
J. A ,).
do
do
April 1, 1894
6
J. A J.
do
do
1887 to ’88
6
J. A J.
do
do
1887 and ’89
6
J. A J.
do
do
1889 to ’90
6
J. A J.
do
do
1887 to’89
6
J. A J.
do
do
1887 and ’89
6
J. A J.
do
do
July, 1894 A '95
J. A J.
3*2
do
do
Jan. 1, 1911
6
J. A J.
do
do
1894-o-6
8
A. A O.
N.Y., Kountze Bros.
April 1, 1897
6
M. A S.
Concord or Boston.
Sept, 1, 1889
6
J. A J.
do
do
Jan., ’92 to 1905
5
J. A J. Bost.,Nat.Bk.Commonw’lth
July 1, 1889-’92
5
J. A J.
do
do
Jan., 1888 to '91
6
J. A J.
Jersey City aud Trenton.
Jan., 1888 to ’96
6
J. A J.
do
do
Jan..’97 to 1902
6 g. A. A O. N. Y., Manhattan Co. Bank.
Oot., 1893
6 g. J. A J.
do
do
July 1, 1891
6
A. A O.
do
do
Oct. 1,1892
J. A J.
2*a
$100,000
personal property, 1882, about $310,000,000, and in
1886, $915,450,
000; iu ’83, tax rate, per $1,000, $1*82 ; in ’84,
$L1045 ; in ’85, $2'40*
1-87^
—(V. 43, p. 217.)
the sinking funds were
80,000
863,000
216,000
128,000
1,190,000
1,474,000
617.000
2,278,000
659,000
449,267
Louisiana.-T he Constitutional amendment passed Dec.,
1879,
Provided for a new bond in place of oonsols of 1874,
bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent
afterwards. In
June, 1882, a constitutional amendment passed the Legislature and
was confirmed at the election in
April, 1884. giving new bonds at 4 per
cent after Jan. 1, 1885, and doing away with the
provision of 3 per cent
lor fifteen years. There is considerable overdue interest of
the years
1874 to 1880, inclusive. The constitution of 1879 limits the
power of
to
6
mills
taxation
on the valuation, of which
only 3 mills may be ap¬
propriated for interest on the debt; in 1831 m mills sufficed to pay 2
per cent, but for 1885 a rate of 27b was made on a total taxable valuation
of $212,725,566.
A suit by the State of New Hampshire
against
Louisiana as assignee of her bonds, was decided in favor of
Louisiana by
the U. S. Supremo Court.
476,829,611
48,000
70,000
6
6
8
Valuation.
$126,615,886
133,418,700
143,932,570
Tax Rate.
$7*69^
7'72i*
160,500,266
New If ampslilre.—The debt of New
Hampshire was created ror war
purposes. The Municipal loan of 1872 was issued to cities aud
towns,
the proceeds to be applied to their war debts.
Total valuation in 1883
$227,914,5 43; in 1884, $231,340,088; in 1886. $233,166,855; tax rate
for State purposes nearly
$2-00 on $1,000 of valuation.
of
New Jersey.—The debt was created for war
purposes.
real and personal
property (taxable) was
Valuation
$573,256,203 in 1886.
SUPPLEMENT
INVESTORS’
6
Subscribers will confer a
great favor by
giving Immediate
[VOL. XLV.
notice of any error discovered in these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For explanation see
tables
notes on first page of
1879
North Carolina—Fund, b’ds (coups.tax-rec’ble).
Old bonds not funded
Bonds to North Carolina Railroad
Bonds for N. C. RR. issue (tax receivable cps.)
RR. bonds not fundable (Chatham and W.AT.)
Amount
Size or
par
Value.
outstanding.
$50 Ac.
$3,025,650
2,288,000
500 Ac.
1879
Ac.
6,502,000
6
6
6
6
6
4
3
5
Ac.
1,818,400
6,861,100
1,249,600
3ie A 4
3^ A 4
2,577,000
1,180,000
1,0(10
24, 18(58
Special tax bonds (in 3 classes)
Ohio—Registered loan of 1881
1868
1,000
44.000
1,000
11,366,000
1881
100 Ac.
600,000
2,740,000
New 3% loan (+250,000 due yearly after ’89).
Pennsylvania— Reg. bonds, tax fr. (red’bte ’92).
Registered bonds, tax free, 15-25 years
Loan of February, 1882 (registered)
do
do
in ten series
Agricultural College laud scrip
Rhode Islam*—War bonds
War bonds
South Carolina,—State House
Funding bonds and stock
Blue Ridge Railroad bonds
Funding bills receivable
6
stock and bonds..
1877
1879
1982
1882
1872
1*63
1864
1853 to ’54
1866
1854
1868
1868
1868
1869
1878
1874
1874
Various.
100
100
50
50
-
Ac.
Ac,
-
154,114
26,650
52,000
13,000
50 Ae.
1,000
1,000
1,000
1182-345. 983254.
Payment of interest
Funding bank bills
Conversion bonds and stoca
Deficiency bonds A stock (act 1878)
Consol, bonds and stock (Brown)
Tennessee—Funding bonds, act of 1873
Bonds registered, act of 1873
Held by fc5. T. University (not t > be funded)..
Compromise bonds (actoi' May 20, 1882)
Settlement bonds, act of March 20, 1883
do
5 & (5 per cents
do
Texas—Fuuding State debt fact May 2, 1871)...
Frontierdef’se, gold, act Aug.5,’70(red’blef91)
Revenue deficiency bonds, act Dec. 2, 1871..
1882
128,000
500 Ac.
500 Ac.
36,500
41,200
500 Ae.
6,138,995
418.941
1,000
1,000
1,000
{
67,000
,
fioat’gdebt)
499,000
467,000
288,000
1,647,000
1,068,900
82,168
...»
bonds, % fundable
ree’ble..
Feb.l4.’82.ANov.29,’84
$565,500,687 in 1885; $554,828,114
State school tax, $2 50 per $1,000.
in 1884; $548,495,069 in
1,759,425
629,090
13.019.000
1,212,910
365,000
532,684
12,691,530
6,890,300
219,800
2,972,320
1883.
York.—The financial condition of the State has been fortified by
payment of all debt except as above. The sinking funds October,
1886, amounted to $5,051,073.
The new Capitol building lias cost
the State thus far $17,863,401, paid for by taxation. Valuations and
State tax rate per $1,000 in 1885 and for three years previous were:
Real estate.
Personal.
State tax.
New
the
$322,468,712
$iaO
315,418.361
2’57^j
33 e,3 83,239
296
324 783,281
2 95
North Carolina.—Interest was paid up to January 1882 on "the
bonds issued to No Car. RR., as the State holds $3,000,200 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, duo 1919 (see V. 35. p. 132). and
many nolders have already so exchanged. The funding law of March 4.
1879, provided for funding old ante-war bonds at 40 per cent of the face
value; “ New ” railroad bonds recognized as valid at 25 per cent; fund¬
ing bonds of 1860 and 1868 at 15 per cent. Norhing for overdue cou¬
pons. Coupons of the new bonds are receivable for taxes. The term for
funding ended ; but has been continued probably till March , 1*89. If
all were funded the new 4 per cents would he $3,589,511.
Special
tax bonds were ignored; also bonds to Chatham RR., 1868, $l,0iO,0u0,
and to Williamston & Tarb. RR., $150,000, and for Penitentiary under
acts of 1868. The special tax bonds are in 3 classes, class 1. bearing
the coupon of April 1869and since; class 2 of Oct. ’69; class 3 of Apt ’7o.
In June, V7, U.S. Circuit Court decided in favor of special-tax bondholdholders, and in July,’87, Messrs. Morton, Klins & Co. were negotiating
a settlement on the basis ot a new 4 per cent bond.
Assessed valuation of real estate is .about 60 per cent of true value.
$2,315,400,526
2.669,173,311
2.762,348,000
2,899,899,062
1880
1884
1885
1886
Valuations aud tax rate per $1,000 have been :
Total val’atiou.Tax ¥1 $1,000
Personalty.
Real estate.
Years.
$2-80
$167 ,738,630
$62,995,728
1881....
$104,712,911
2-50
180,377,525
71,389,341
108,988,184
1882....
2-50
201,222.723
77,087,346
124.135,377
1883....
2"50
209,569,096
82,613,417
1885....
126,955,679
250
202,000.000
1886....
53.)
V.
744;
45,
p.
-(V. 44, p,
Ohio.—Ohio bad a State debt of only $3,341,665
but large local debts, amount ng in 1887 to
.,
,
in September, 1987>
$53,528,38 against $25,this increase being mainly iu city debts. Valuationsin
957,588 in 1875;
Ohio have been as follows :
Real estate.
Personalty.
Real estate.
Personalty.
N.^^Nat.
J.
F.
F.
F.
F.
A
A
A
A
A
1909
1864 to '98
1884 to ’85
Bk. of Republic.
Cps. since July’ ’68 unpaid.
Raleigh, State Treasury.
do
April 1, 1919
do
do
J.
A. Phila., Farm.
do
A
do
A.
do
A.
....
g.
g.
g.
gg.
g-
6
3, 4, 5, 6
2,014,000
10,932,400
1,638,000
due.
Whom.
1868 to ’98
Cps. since July’68 unpaid.
A. A 0. Coup, of Jan.’GOAsince imp.
A. A O Cps. A A 0’69 A Ap ’70 unp.
J. A J. N. Y., American Exch. B’k.
f
6
) 5A6
a one nno
397.000
500 Ae.
100 Ae.
100 Ac.
1883
1872
1,000
1871
1872
1,000
1,000
1874
Bonds, act Mar., 1874 (for paying
1.000
1876
Redemption of debt, act Aug. 6, ’70
100 Ae.
1879
Bonds, act April 21,1879
1867
Bonds issued to School Fund
1851 to ’66 500 Ac.
Virginia^ Old
£100 Ac
1851
Old bonds sterling 2;* fundable
100 Ac.
1871
Consol, (act Mar. ’71) coup, tax receivable....
100 Ac.
18 1
do
reg.. conv. into coup...
do
100 Ac.
1872
do
(a<t 1872) “ Peeler,’" cp. not
1*72
do
do
“ Peeler,” reg. and certifs .
Various
1871
Deferred certificates (W. Va.)
1879
1C-40s, act March 28, ’79, coup, and reg
1879
do
do
sterling
100 Ac.
1832
“
Riddleb’r” b’ds, acts
6
6
6
6
6
6
6
9
6
6
6
G
614.000
732,000
Principal—When
Payable and by
....
4
500,000
-
1,000
1,000
1,000
Where
Payable
J. A J
Various
Various
A. A 0.
4
049,000
1,000
1.000
288183.$,0517
Penitentiary bonds, act Aug.
Rate.
When
3
5 A 6
6
7 g.
7 g.
7 g.
6 g5
6
6
5
6
6
6
6
6
3 to 5
3 to 5
3
J.
A.
J.
J.
J.
A.
O.
A.
O.
J.
J.
J.
J.
J.
J
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J. A J.
Various
M. A S.
J. A J.
J. A J.
J. A J.
J. A D.
J.
F
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
....
J.
J.
J.
J.
J.
J,
J.
J.
J.
J.
Oct., 1898
1898 to ’99
July 1, 1888
July l,'89-’99
Feb. 1, 1902
Aug. 1. 1904
do
A Mech B’k.
do
do
do
Feb. 1. 1912
Aug. 1, ’88 to ’92
Feb. 1, 1922
Harrisburg, Treasurv.
July 1, 1893
Providence, R. I.H. A T. Co.
Aug. 1, 1894
do
do
1871 A ’81
Columbia, State Treasury.
Columbia and New York. J’ly 1,1887 to ’97
J’ly 1,1875 to ’79
Columbia, Treasury.
July 1, 1888
Columbiaaud New York.
do
do
July 1, 1888
do
do
July 1, 1889
July 1. 1882
do
do
do
do
July, 1888
July 1, 1893
N. Y., National Park Bank.
July 1, 1914
1892, ’98, 1900
Various.
Jan. 1, 1912
Nashville, Treasurer.
New York,
.
New
Cont’l Bank.
July 1, 1913
July 1, 1913
Nashville.
do
1891
State Treasury.
York, Bank or N.
do
do
do
do
1911
Y.
1892
March l, 1904
July, 1906
New York A State Treasurv.
do
do
State Treasury.
A J.
A J.
A I.
A J.
A J.
1909
Matured.
1886 to ’95
1886
1905
1905
...
A J.
A J.
A J.
A J.
A J.
Contingent
1919
1919
July l, 1932
Richmond, Treasury.
Tennessee.—A funding-law was
passed (actof May 20, ’32) without
and giving new bonds at 60 per cent
old, the new bearing 3 per cent in 1882,
cent in 1884 and 1885, 5 per cent in 1896 and 1887, and 6 per
the tax-receivable coupon clause,
of the principal and interest of
S3, 4 per
cent 1838 to 1912.
Exchanges were, made in New York July,
and $-<.224.351 of these compromise bonds were
ture of 18-<3 repealed this law and passed a new one
on
the basis of new builds at 50 per cent of the face value of old,
bearing 3 per cent interest; the old State debt proper
made an exception, aud new 5 and 6 per cent bonds were issued tor
at the face value.
The compromise bonds of 18*2. 3, 4. 5 and 6
1883,
issued. The Legisla¬
adjusting the debt
and
of $2,118.000 was
that
bonds are fundable into the now set
the face and interest, up to and inclusive of
cent
per
lenient 3s. at live sixths of
July, IS'.!, coupons—thus
$1.000'compromise bonds receive $858 33 in new 3s, and interest since
July, 1883, pai l iu cash. All the settlement bonds are redeemable at
ootion of the State after July 1, 1888. Assessed valuations and tax rate
per $1,000 have been as follows :
Other property. Railroad prop’ty. Tax rate.
Real estate.
$3-00
•$$25,232,659
$200,007,214
200
26,540,2 15
195.383.568
3*00
31,517,299
26,381,459
195.753.414
1*83
-
....
1884
200,212,900
20.03 1.28 4
3-00
34,350,170
Texas.—The old high-rate bonds were redeemed and lower interest
bonds issued. Assessed valuations and rate of tax per $ : ,0 J J have been:
Total var.-ition. Tax rate
Personalty.
Real estate.
Years.
18,82....
1883....
1884....
1885....
1886....
$250,157,904
$169,767,572
298.959,253
347.846.953
37 ,8 >0.594
395,211,678
228,578,137
255,213.964
245,121,395
235,313.445
$119,925,176
.
*3
3
527,537,390
3
603.060.917
3*75
621,011.9 >9
3 75
630,525,123
fundable and the sterling
Virginia.-The old bonds two-thirds
1.
The
bonds carry coupons from July 1869, except the yeais 1872consols. of 1871 carry coupons or Jan. 1875 and since. The
carry
Jan. 1831 and since; but the consol, aud 10-40 coupons being taxreceivable,
l()-40s
those bonds are
generally sold with matured
coupons
off.
The first funding law of March. 1871, allowed holders of
bonds to fund two-thuds of their debt into new 6 per cent bonds, bear¬
ing coupons receivable for taxes, and receiving for
of their principal a “ deferred certificate,” to be charged to West
The act of 1872 repeal'd the tax-receivable clause of the law, and the
bonds issued under it were culled “ Peelers.” The McCulloch law of
March 28. 1379. authorized the 10-40 year bonds, bearing 3 per cent
for 10
per cent for 20 years and 5 per cent
years, 4
In February,
years, coupons tax-receivable.
law for re-adjusting the debt and the
laws familiarly known as
the other one-third
Virginia.
for 10
1892, the Riddleberger
The . Riddleberger
bonds, dated July 1, 1882,
below par, varying
also amended
and all bonds offered for funding after Jan., 1885, were required to
carry the coupon of that date.
The Supreme Court of the United
Pennsylvania.— Revenue is raised principally from corporations. States held (V. 36, p. 285), that the law requiring the. validity of the
Taxes are levied on personal property. The. rate per $1,< 00 in 1886 coupons to be established before a State court did nor impair the contract
was $3.
Sinking fund, Nov., 1886, was $10,180,746, including $3,305,- making them receivable tor taxes, and was therefore constitutional, but
814 iu U. S. govts. Any coupon bonds may be changed to registered.
the question was again betore the U. 8. Supreme Court iu April, ’85, when
Real estate valuation m 1884, $1,600,000,000.
that Court held that a tender of coupons in payment of taxes was suffi¬
Rhode Island.—The debt was all created for war purposes. In cient for the property owner. (See also V. 42. p. 188.)
A movement was begun in 1885 to procure an adjustment of the
January, 18*7, the net debt, less sinking fund, was $772,000.
The “Deferred”
bonds or certificates by the Legislature of West Virginia
State valuation of real property up to 1887 was $328,530,559; tax rate,
and the holders of some $■',600,000 deposited their bonds with the
$1 20 on $1,000.
Farmers’ Loan A Tr. Co., and the certificates of that Co. were listed at
South Carolina.—The funding law of Dec. 23, ’73, provided for the Stock Exchange.
scaling down the old debt 50 percent. The consols were again “re¬
In May, 1887, the negotiations with English bondholders for a settle¬
adjusted ” in 1879. The several acts were passed Dec. 3, 1873. Dec. 24, ment failed, Though liberal concessions were offered by the bondholders.
In July, 1887, there
1878, Dec. 24, 1879, and February, 1880.
A ssessed valuations have been as follows:
were green consols not yet exchanged, $826,171, less amount invalid.
Total.
Years.
Real Estate.
Personalty.
Tax Rate.
$631,373. The old issues yet fundable on July 1J 1887, were $454,149.
$232,336,357
$77,666,765
$310,053,122
$4 00
Valuations and rate of tax per $1,000 have been:
81,789,710
400
236,368,227
318,157,937
Tax rate.
Railroads.
Personalty.
Real estate.
Years.
239.826.060
83,974,040
4'G0
328,*00,040
$5 00
$13,767,400
$41,785,768
$77,609,666
341.800.410
256.916,140
84,884.270
4*00
5 •< 0
15,227,964
48,249.939
87,131,400
1-86....
83,152,971
400
57,607,935
340,766,906
5’50
15,263,366
46.904.705
87,559.538
5 ‘25
-(V. 43, p. 432, 446; V 44, p. 451, 495, 527, 572, 627, 73 7.)
15,521,041
42,836.268
1835-86... 86,114.852
$542,207,121
$663,647,542 $442,561,379
1880. 1,102,049,931 456,166,034 1884. 1,145,475,210 528.298,871
1885. 1,160.165,882 5o9,913.986
1881. 1,101,457,383 485,750,196
1882. ljl 16,681,655 518,229,079 11886. 1,173.106,705 515,569,463
(V. 43, p. 775.)
—Statetax rate per $l,000for ’86-87, $2‘99.
1866.
“Coupon
killers,” were passed (see V. 34. p. 88.
of
act provided for
the issue
new
into which all others could be funded at specified rates
from 47 to 31 on the different classes. This law was
.
,
CITY
September, 1887. |
Subscribers will confer
a
SECURITIES
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Date of
bonds.
Size
outstanding.
$1,000
$127,000
New Post Ottico site
Water debt ($400,000 due 1900-3, are 7s)
New City Hall
South Pearl Street bonds
Bonds loaned to Albany Ar Susquehanna RR..
1866
1870-’71
1870-’82
1874
1874-’80
1882
1882
1865
Atlanta, Oa.—Bonds for streets, floating debt...
1867-’72
500 Arc.
Forexplanations see notes on first page of tables.
Albany, N. T.—Purchase Congress Hall Block..
City improvement
Washington Park
floating debt
Redemption bonds
do
Bonds to fund
1,000
1,000
1,000
1,000
1,000
....
1,000
1869-’70
1,000
1870 & ’72 500 Arc.
1874
1,000
1877
500 Arc.
1881
1,000
1879
1884
1886
1,000
Various.
100 Arc.
Various.
100 Arc.
1877
100 Arc.
1878
100 Arc.
1863
100 Arc.
1865
100 Arc.
1860
100 Arc.
1863
100 Arc.
Bonds, 1st and 2d series, waterworks
floating debt
....
Capitol bonds
Redemption bonds
....
Augusta, Ga.— Bonds for various
purposes...
Funding loan,
loan of 1890
rog. stock, tax free
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Hill)
Park improvement loan
Patterson Park extension
Five million loan to Baltimore & Ohio RR...
New City Hall
1853
1870-’74
1881
1870
1872
1872-’8 4
1885
1874
1880-4
1882
Paving loan
Funding loan
Western Maryland Railroad
do
Water loan ($203,000 only are 6s)
Harford Run improvement loan
Western Maryland RR. loan
do
do
Endorsements for Western Maryland RR
do
do
Union Railroad
Bangor, Me.—City debt proper
1887
1872
1885
1874
1875
1869
1869
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
European Ar North American Railroad
Bangor At Piscataquis Railroad
Bath,Me.—Fund, debt ($78,000are 5s,’97, J.ArJ.)
......
Knox As Lincoln RR.. for stock and coupons
Androscoggin RR. (guar, by Maine Cent RR..
Knox As Lincoln Railroad ($23,750 each year)
do
do
(F.ArA. and M.&S)
......
Arc,
Arc.
Arc.
Arc.
Arc.
Arc,
....
100 Arc.
100
100 Arc.
100
......
Refunding bonds
r
100
100
100
100
100
100
500 Arc.
1,000
500 Arc.
1,000
50 > Arc,
Various.
Various.
Various.
Various.
Various.
1864 to ’80
1878-’82
1879
188 5
1885
1885
Various.
1 87
1,000
Railroad refunded
Boston—City debt and Charlestown
City debt registered
do
do
..
do
do
do
City debt
Suffolk County Court House
West Roxbury
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.
Park bonds
Mystic water debt, assumed, part renewed
Cochituate Water loan, 6 per cent
do
do
5 per cent
4 per cent
do
do
do
do
Sterling
do
do
5 per cent gold
do
do
41*
do
do
4
do
do
4 per cent
do
do
do
do
31* per cent
3 per cent
do
do
....
....
....
....
....
....
....
....
....
1873
£100 Arc
1869
£100Arc
1887
1,000
1862 to ’*6
1,000
1867 to ’70
1875 & ’78
1878 '
1872
£100 Arc
..
....
....
....
1875-’76
1879
1879-’80
*
....
....
1883-84-85
1884-85-8,
18S7
1861
ffr’oofcfyU'—Brooklyn local improvement loan...
Mount Prospect Square loan
1856
Soldiers’ aid fund loan
1865
Gowanus canal improvement loan, local
1866
do
do
do
Bush wick avenue
1865
do
do
do
SouthSeveuth st.
1863
do
do
do
Fourth avenue
1868 & ’69
do
do
Wallabout Bay
1867
New York Bridge loan, registered and coupon
1870
Bonds for N. Y. Ac Brooklyn Bridge, cp. or reg.
1875-’83
1860 to ’73
Prospect Park loan, reg.■&coup
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1800 to ’7‘?
1.000
Prospect Park loan
....
....
....
1,000
Atlanta.—The total bonded debt Jan. 1,1887, was $2,223,000. As¬
$21,023,370; personal. $7,889,269;
tax rate per $1,000, $15
In 1886 real estate, $13,820,521; personal,
$7,679,489; lax rate, $15. Population, 37,409 in 1880; 21,789 in
1870.
Augusta.— Of this debt, $600,000 was issued for railroads, and balcanal enlargement, water works, Acc. Sinking funds, Jan. 1, 1885,
$330,000. Taxable valuation in 1885: Real estate, $t 1,468,310; per¬
sonal, $5,088. *30; tax rate, $16 25 per $1,000. Population in 1870,
by U. 8. Census, 15,389; n 1880, 21,891.
Baltimore.—The Balt. Ac Ohio RR pays interest on $5,000,000.
Water loan is paid by income of water works, and Public Park by City
Passenger Railway, and against a total debt of $34,955,290 the city is
chargeable with interest on only $18,698,722, and holds productive
assets, including the sinking funds, equivalent to $12,869,8 48, leaving
on Dec. 31.1886, only $5,828,875 debt over interest-bearing assets.
There are also held $5,789,000 of unproductive securities.
Population
in 1870,267,354; *u L880, 332,313. In Jan., 1887. the city issued the
3*4 per cent
bonds to pay off West. Maryland debt. Assessed
valuation, near the full cash value, and tax rate have been :
ance lor
Years.
Estate.
$189,913,494
Property.
$58,889,738
191,516,113
58,135,586
59,496,377
Total
Valuation.
$218,803,232
249,651,699
253,913.271
Rate of Tax
per
$1,000.
15
16
16
17
.
_
.
-
sessed value of real estate in 1885,
•
6
7
.
Albany.—The loan to Alb. Ac Susquehanna is secured by first mort¬
u
valuation or
of Aioany
Albany uity
City in
was: jxeai
The
in 1886
Real estate, *00.728,lne valuation
roj-owas:
$60,'
720; personal, *6,154,270; tax rate per $1,000, $18 40. Valuation in
1885—Real estate, $60,381,215; personal, $6,044,250; tax rate, $20 60.
Population, 90,758 in 1880; 69,422 in 1870.
Personal
00
00
00
00
i
2S>.
.
sonal, $2,a58,797 tax rate per $1,000, $22 50.
la$o, ».
j ia 187o.
.
Population, L6.651 in
Hath, Me.—The city holds a first mortgage on the Androscoggin read
f r tue debt, and first, second and third inortg’es on the Knox A Linooln
for its nroportinn of $*<95,000 out of a total of $2,395.0 •<> '> m l issued by
several cities in aid of the latter road. There art', also $14,00o 6s outstand¬
in addition to those above. Tax valuation in 1886^7: Real estate,
$2fs5t\445; personal, $3,3 0,195; tax rate per $ 1,0J >. $2 4. Tax val¬
uation, 1885-86—real estate, $2,857,870; personal, $3,->41,830. Tax
rate, $24 per $1,000; 1884-85, $2,821,515 real estate and $4,095,820
personal; rate, $25.
ing
Boston.—The population of Boston in 1880 was 362.839; in 1870,
250,526. against 177,840 in 1860. The gross debt on May l, 1887, was
$46,799,963, and the total sinking funds, Ace., applicable to it $L9,971,811, leaving the net debt $26,828,151. The law of April 17, 1885,
limited the taxation in Boston for city purposes to $9 ou the average
valuation of five years preceding, to which is added the tax for city debt
and for State purposes.
Up to Jan. 1, 1887, the debt was not to be over
283 per cent of assessed valuation, and after that date 2 per cent
Assessed valuation on May 1 for four years has been :
Years.
1884
1885
1887
Reai
Estate.
$488,130,600
49o,973,400
517,495,200
547.170,300
Personal
Estate.
Tax
Rate.
189,605,000
193.086.500
12 30
12 70
13 40
200,454,600
Brooklyn.—The whole citv debt
Permanent debt
follows Jan.
Jan. 1, 1886.
Bangor, Jle.—The loans to Eu. Ac No. Am. R. R. to Bangor A Pis. R.
R. are secured by first mortgages on those roads, and interest fill. ^ paid
from the earnings
The valuations (near full value) in 1886 were: Real
Gross debt
Less sinking fimd
$43,528,043
$6,693,650;
cluding
water
personal, $2,831,765.
vluuleipal .»roi*erty, in¬
works, $810,000. In 1887, real estate, $6,770,998; per-
Net debt
$24,766,064
24,700,014
25,882,395
1,1886 and ’87*
was as
—(Vol. 43, p. 693, 738.)
estate,
Dec. 31.
$17 00
Water loan
Debt payable from assessments
Tax certificates
256,240,655
Net Debt.
$194,526,058
$26,264,543
11,645,500
2.618,000
3,000,000
195,416,894
Due.
F. & A. Boston, Merchants’ Bank. Feb.. 1888 to ’94
M. Ar 8
New York.
1887 to 1900
1,058,000 4, 5, 6, 7 M. Ar N.
New York and Albany.
1910-’21
7
115,000
M. Ar N N Y., Merchants’ Nat. Bk.
May l, 1904
6 Ar 7
1,089,000
F. Ar A.
do
do
1894 to 1912
145,000
J. Ar J.
do
do
Julv 1,1905 to’10
4
62,000
Albany.
Nov. 1, 1888
858,000
6
M. At N. N. Y., Del.Ar Hud. Canal Co.
1895-’97
8
J. Ar J.
349,000
New York, Park Bank.
J. & J., 1892
400,000
7
J. Ar J.
do
do
J. As J., 1890
8
I. Ar J.
318,000
do
do
J«n. 1, 1902
7
427,000
J. Ar J. New York, Fourth N. Bank.
Jan, 1, 1904
77,500
8
J. Ar J.
Atlanta or New York.
Jan. 1, 1897
120.500
5
Various
do
do
1911-1915
6
J. Ar J.
New York, Park Bank.
335,000
Jan., 1888-1896
6
J.
Ar
J.
New
55,000
York and Atlanta.
Jan. 1, 1914
J. Ar J.
141,000
4bj
do
do
July 1, 1916
6
Ar
7
Various
2,256,000
Augusta, Treasury.
1887 to 1915
6
7,306,546
Q.-J. Balto., Farm. Ar Plan. Bank.
July 1,1890
5
M. Ar N Balto., Nat. Mechanics’ Bk.
5,000,000
July 1, 1916
5
M. Ar N.
1,000,000
do
do
After July, 1916
6
M. Ar 8.
2,211,068
do
do
Sept. 1, 1893
6
M. Ar S.
410,353
do
do
Sept. 1, 1893
6
555,566
do
do
Q.-M.
Sept. 1, 1890
6
Q.—.T.
185,723
do
do
Jan. 1, 1895
t
n
4
200,000
1920
6
5,000.000
Jan. 1, 1890
Q.-J. Balto., Farm. Ar Plan. Bank.
6
1,500,000
do
do
1900 and 1902
Q.-J.
4
700,000
M. Ar N. Balto., Nat. Mechanics’ Bk. After Nov. 1,1920
6
800,000
Balto.,
Farm.ArPlan.
Bank.
Q.-J.
July 1, 1900
6
J. Ar J. Balto., N. Mechani 38’ Bank.
1,000,000
Jan. 1, 1902
365.5Ar6
do
do
2,027,000
Q.-F.
April 9, 1900
3
do
do
100,000
1900
Q.-F.
do
do
5,000,000 4, 5 Ar6 J. Ar J.
July 1, 1894,1922
4
do
600,000
J. Ar J.
do
After Jan. 1, 1926
4
684,000
July 1. 1925
3 >4
J. At J. Balto., Farm. Ar Plan. Bank.
l,7o0,000
Jan. 1, 1927
875 000
(j
J
At J
Jan. 1, ’90 Ac 1900
6
y. at y Baltimore, Franklin Bank.
Jan. 1, 1895
7
Various Boston, Merchants’ N. B’k.
50,000
1892
4
M. Ar N.
do
50,000
do
Nov.,1887 to 1891
6
J. Ar J.
100,000
do
do
Jan. 1, 1894
6
J. Ar J.
500,000
do
do
July 1, 1905
6
J. Ar J.
do
1,000,000
do
Jan. 1, 1894
925.000
6 Ar 7
A. Ar O
do
do
April 1, 1899
180,500 4Uj Ar 5 M. Ar 8
1897 & 1902
City Treasury.
6
Various
do
137,000
1898
6
A. Ar O.
425,000
do
Jan. to Oct. 1891
J.
do
Ar
J.
ilv 1. 1888 to’99
5
6
Various
do
6
1891 As 1902
do
382.850
4
J
Ar J
1902 to 1920
6
Various Boston, Treasurer’s Office.
9,0o0,500
1887 to ’97
4
Various
do
9,848,000
do
1887-1914
4
450,000
do
^g. A. Ar O.
do
Oct., 1889
do
3^2
Various
do
1,391.000
1896 to 1916
109.000
do
do
3H
189> to 1916
3
Various
do
947,000
do
1895 to 19 J6
5
Various
do
230,000
do
Various.
800,000
A. Ar O.
do
‘S'*
do
April 1, 1937
7
Various
do
100,000
do
1888 to 1891
5 g- A. At O. London, Baring Brothers.
4,997,604
April. 1893
5 g- J. Ar J.
do
2,834,585
July, 1899
3 Uj
J. Ar J. Boston, Treasurer’s Office.
900,000
19lt Ac 1937
do
do
789,000 3k to 6 Various
1887 to 1916
6
Various
do
do
4,897,000
1897 to 1908
5
13,000
Various
do
do
1907-1908
4
A. Ar O.
588,000
do
do
1908
5
A.
Ar
O.
1,947,274
g.
London, Baring Brothers.
Oct., 1902
5
3,552,000
g.
Boston, Treasurer's Office.
1905-1908
268,000
do
do
4*flg. A. Ar" 0.
1909
4
A.
Ar O.
686,000
do
do
g.
1909-1912
4
Various
do
do
1,828.000
1913-1917
A. Ar O.
do
do
575,000
3i*
1914-1917
3
A. ArO.
200,000
do
do
April, 1917
7
M. Ar N.
213,000
1891
Brooklyn.
J. Ar J.
90,000
6
do
1887
394.000
7
J. Ac J.
do
J. Ar J.
7
15,000
do
!Z
68,000
7
J. Ar J.
do
1887 to ’90
7
J. Ac J.
do
75,000
188 7 to ’90
6 As 7
174,000
J. Ac J.
do
1887 to ’89
j
7
J. A J
do
72,000
July 1, 1888
® a
7
J. Ar J.
do
3,000,000
1899-1924
do
9,245,237 4, 5, 6, 7 J. Ar J.
1905 to 1928
7
J. Ar J.
do
8,019,000
1924
O
0
1.217.00O
do
J. Ar J
1015 TO ’24
ige.
gage.
Real
Payable
Principal—When
Where pavable and by
whom.
H7iO0O
...
1,000
1861
1869
1871-T2
..
When
Rate.
418,000
681881
Baltimore—Consolidated
INTEREST.
Amount
or
par
value.
Bonds for West. RR. and
r
Jan. 1, 1887*
$26,077,543
10,893,500
1,640,000
2,000,000
7,121,271
$4 ,611,042
c ,980,219
$36,406,772
$33,024,823
-
SUPPLEMENT.
INVESTORS’
8
Subscribers will confer a
great favor by
[Vo». XLV.
discovered in these Tables.
giving immediate notice of any error
INTEREST.
Date of
Bonds.
DESCRIPTION.
for explanations see notes on
first page of tables
Sewerage fund bonds, continuous, local
Assessment fund bonds, continuous, local
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
Buffalo, A. Y.—Funded debt
Water works bonds
outstanding.
1857 to '75 $1000
1,000
Various.
Various.
1,000
Various.
1884
1884
1884
1883
1370 to '86 1,000Ac
1870 to'86 l,000Ac
1880 to'86 1,000Ac
1864
1,000
1,000
1863
1870 to'76 500 Ac.
500 Ac.
1873-’74
Permanent water loan
Temporary tax certificates
Certificates of indebtenness
Bonds to pay arrears to county
Amount
par
1
.
in 1894)
-
•
•
•
•
bonds
City bonds
do
do
do
...
do
•
$12,500 are 5s)
m
1866
.
•
.
.
m
1,000
1,000
500,Ac.
1,000
Water loan
Water loan
•
1880
do
improvement bonds
Municipal bonds
Municipal and School bonds
Municipal bonds (refunding loan)
River
debt
Cincinnati- B’ds for erection of a
Bonds for W ater Works
Cook County
188i
C3
P
Bonds for Common School purposes
Bonds to O. AM. RR. to purchase whf. prop. .N
Bonds for ext. ana impr. Water W..C, D. AE
Bonds for funding limiting debt
AAA2
Bonds for new Hospital
8AS2
Bonds for funding floating debt
L
Extension and improve. Water Works...K AF
Bonds to purchase Orp’n Asyl. grds. for park.O
R
for sewerage
for improving Gilbert avenue
U
to build Eggleston avenue sewer....B3
for Water Work purposes
C5
General improvement
Cincinnati Southern RR
do
do
($2,81*0,000 are
do
do
W2
gold 6s)
Floating debt bonds, coupon.
improvement
Water-works bonds
Bonds for McLean Ave. sewer
Hospital bonds
Park
D1
U2
S3
112
University
improvement bonds, short
Consol, s. f. bonds, 30-50 yrs. (Act
A RHftRRiucnt bonds
Work House and Infirmary
Deficiency loan (redeemable after
Apl. 9, ’80,
U3 A 114
1891)
Deficiency and pavement bunds (10-20 yr.) ..
Cleveland— Water works ($200,000 are 6 p. ct.).
Funded debt
Lake View, Wade and Monumental parks
Canal ami canal lock ($11,000 arc Gs)
School
General bonds, various purposes
Viaduct (mostly F. A A., A. A O.
Elevated R a livay
and J. A I).)
Special bonds
Kingsbury amt Pearl Street Bridges
Dec JUnties, hnca— -d renewed judgment
Fundimr bonds,
Warrant
redeemable 1878
funding bonds
1865 to'80 500 Ac.
1868
1,000
1869
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
~1867-’68
1853
1.851-’53
1858
1869
1869
1869
1871-’72
1871
2,260,500
1,000
995,000
65,000
200.000
175.000
50,000
....
76,000
884,<>67
1876 to ’S3 Various
1.000
1880 A '81
2,067.000
100
100 Ac.
64,706
79,000
500,000
2,473,000
1,775,000
1,8 23,000
1885-’86.
322,000
275,000
35,000
250.000
2.138.000
335,000
572,300
225,000
228,000
175.000
225.000
....
Detroit, Mien— For Water W.Co., on city's credit
Public Building stock (City Hall) bonds
1
7 3-10
7 3-10
7 3-10
7
7
7 3-10
8,191,000
4,825,000 6g. or 7-3
*
bondsi
j
6
6
6
100.000
1,000
1872 to ’84
1,000
1,000
1872 to’s 4
1.000
1872 to *87
1,000
1874 to ’87
1871
1,000
1 ,U00
1885-86
1873 to '78
1,000
18 <6
Various.
1,000
1884-r>-b
1885
1,000
1,000
1878
1886
1855 to’81 300, Ac.
1868 to’73
7 3-10
300,000
600,000
1,451.000
357.500
6 A 7
7
M. A
A
A
A
A
N.
D.
D.
J.
N.
A O.
M. A N.
Various
J. A J.
Various
M. A 8.
M. A S.
M. A S.
A. A O.
F. A A.
J. A D.
J. A J.
M. A N.
Various
M. A N.
J.
J.
J.
M.
A.
Redemption
3 years from date.
3 vea rs from date
1887 to 1905
1924
1924
1893
1887 to 1926
June, 1888 to 1909
July l, *88 to 1900
Aj ril L, 1889
Jan. 1, 1893
1890 to ’96
July, 1903-4-5
1895 A 1905
Nov. 1. 1896
April, 1888 to ’97
1894-’08-l 910
1906 and 1911
1890
1888 to 1897
Oct., 1898
July 1, 1909
1887 to 1908
Autr. 1, 1891 to ’95
Sept. 1, 1889-1890
Aug'. 1, 1897
Redemption
N. Y.. Am. Ex. Nat. Raiilr.
1897 A ’98
July 1, ’88 to ’95
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1902
1888 to ’95
July 1, 1900
1890 to ’95
July, 1895 A ’96
1887 to ’99
1901
N. Y., Metropolitan Bank.
N. Y., Am. Exch. Nat. Bank.
do
do
do
do
do
do
Phila., Bk. of North Amer.
do
do
N.Y Am. Exoh. Nat. Bank.
do
do
,
May 1, 1887-’92
June, 1888
1889
Jan., 1890
Nov., 1890
April, 1895
May, 1897
1897 A 1898
Jan., 1900
Pliila., Bk. of North Amer. June A Oct., 1900
Mar., 1888A 1908
‘Cincinnati.
Sept., 1899
N. Y., Am. Exch. Nat. Bk.
do
Sept., 1899
do
do
Oct., 1899
do
do
do
Aug., 1897
Dec.
do 1, 1891
do
July 1, 1902
May 1, 1906
do
do
do
do
do
do
Cincinnati.
J. A J. N. Y., Am Exch. Nat.
Cincinnati.
F. A A.
7
7
1902-1908-1909
May 15, 1904
B’k
1890
Aug.,’90 A ’95
May 1889-1909
M. A N. N.Y., Am. Exch. Nat. Bank
May 1, 1906
Cincinnati.
M. A N.
Aug. 1, 1897
7
! F. A A.
1887 to ’95
Cincinnati.
5 A 7
1 Various
A 1931
4 A 5
; Various N. Y\, Am. Exch. Nat. Bk. 1930
1889 A 1890
4 A 5
| Various
Inly 1, 1887 to 92
Cincinnati.
J. A J.
4 A 6
June l,1901
4
J. A D. N. Y., Am. Exch. Nat. Bk.
1 90 5
Various
4
189 2-A 1903
8*65 to 7 Various N. Y., Am. Exch. Nat. Bk.
-1887 to’97
do
do
1, 5, 6. 7 Various
1887 to’92
do
do
Various
6 A 7
1894 to’98
do
do
Various
6 A 7
1888
do
do
A. A O.
7
1888-1895
do
do
Various
4-4 hi
1893 A 1907
do
do
5. 6 A 7 Various
1902-3
do
do
Various
4
1
1887-’95
do
do
| 4. 5, 7 Various
1899-1902
do
do
i 4, 4‘<j. 5 Various
1**05, payable ’90
N. Y., Cotlin A Stanton.
I. A J.
4 82
f
do
do
fuly, is8 8, or ’98
I. A D ,
7
|
do
1906,red.at option
do
M. A N.i
4^2
1887 10 19Ut>
Bank.
j 4 to 7 Various! N. Y., First Nat. do
do
Apr. 1,188s to ’93
Various!
7
5 A 6
7
......
l
1
J.
J.
....
6
6
6
131,000
150,000
150,000
-
1,000
1,000
1,000
1882
1881
J.
J.
J.
J.
J.
J.
J.
7 3-10
6
175,000
500 Ac.
500 Ac.
1872
1876
1378 A '79
1874
1875
1875
1879
1876
J.
A
A
J. A
J. A
J. A
J. A
J. A
7 3-10
'
1887 to 1916
3 years from date.
April 1, 1888
A
4*q to 7
250,000
150,000
98,000
194,000
397,000
171,500
750,000
60,000
500 Ac.
500 Ac.
....
J.
4,941,500
1,000
1,000
1863
1855
1847 to’50
1847 to ’48
....
7
3-65
7
186,000
2,536,500
843,500
-
•
6
7
6
7
4
2,608,000
....
*3=6
6
4is
489,500
....
500 Ac.
Workhouse X
Street
333,000
/
•
^ 1)
|
Various Boston, N. Bk.
Various
F. A A Boston, N. Bk.
6
4*2
»
••3
do
z*.
« 5 i
do
do
5
b 1
a;
^
. J j;
do
e* *
v 1
do
do
S
do
t
Buffalo and New York.
do
do
do
do
5*2
1,675,000
1,000
1,000
■"
4
6
3,490,000
100. Ac.
500 Ac.
1882
(refunding)
Sewerage bonds
7
7
6
109,500
3,414,100
363,800
5,000
997,000
96,000
100,000
132,000
m
Mass.—Sinking fund bonds
Chicago—Water loan
3*2
500.000
100 Ac.
Funded debt, coup
notes
do
Water loan, coup
6
4 A 5
Due.
Various
Various
J. A J.
A. A 0. Boston, Bank Redemption.
J. A J.
Boston, Tremont Bank.
J. A J. Boston, Bank Redemption
do
do
J. A J
do
do
do
do
do
do
Various
do
do
do
do
J. A J.
Charleston, Treasury
do
A. A O.
do
A. A O.
do
J. A J.
•
3^
218,000
92,800
•
....
1878
1879
6
4
689,000
265,0»>0
25,000
1.16L000
336,500
-
....
1
coup, or reg
do
Bonds
Bonds
Bonds
Bonds
150,000
Brooklyn.
A J.
A J.
A J.
A J.
A J.
A J.
A J.
J.
J.
J.
J.
J.
J.
J.
Principal—When
Payable and by
Whom.
Payable
....
3 to 7
3L3 to 7
3 A 4 bj
5
5 g*
6
347,000
Where
When
4
200.0U0
1,000
m
-
Charleston, S. C.—Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
do
do
do
Che.lfp.a,
Bonds
£
m
3^ A 4
5,059,936
2,628,382
4 6,208
100,000
500 Ac.
1868 to’77
4
4
2,350,000
•
..
Water loan
do
(only
do
3^
3^2 A 4
3^2
1,018,000
1,000,000
887,305
549,000
65658811 8 1
Tax loan bonds
Oambndf/e, Mass.—City
3 to 7
$10,893,500
72,000
....
bonds
Rate.
Value.
.
Brooklyn—(Continuedt—
Size or
1
1
i
i
limited to 5 per ceut or the riliuois State
is on account of the Water
interest charge on the debt.
Yeats.
Sinking fund iu 1887 was $341,037. Valuations as follows:
otrs.
Real Estate.
'
Personal. Tax per $1,000.
884
$105,606,743
$U.72uv.'7
$3548
IS 87.
14,217,276
310,922,812
1<*5....
107.146.881
32.sll.411
3681
1888
362,138,5(3
21,685,597
I486
122.930.123
35,516,009
Tne debt of Rings County, separate from the debt
Brooklyn, » 1887.
130.474,379
28,068.196
about $4,000,000, of which the city is responsible for iv 0llis.
Tiie assessed value of real estato is about one-third of its true value.
Buffalo. —Valuations and tax per $1,000 have been:
Population in 1870 was 298,977, and in 1880, 503,185. The South Park,
Years.
Real estate.
Personalty. Tax Rate. West Chicago Park and Lincoln Park loans are not debts of the city
$93,167,090
$3,796,675
$16 27 but of distinct corporations.
96,341,455
8.459,735
,
16 44 Cincinnati.—In addition to the bonds as st ited ab ive, city holds
99.912,470
8,461.675
17 21 $1,274,000 ot Cin. South, bonds in sinking funds and $ 174,473 Street
113,963,945
8,405,225
17 27 Improvement bonds. In 1870 the population was 216,239, against
Buftalo also pays 77-100 of Erie county debt. Coupon bonds are exchange
255,139 in 1880. The following table from the books of the Auditor of
able for registered. The interest on different bonds is 3^. 4, 4^, 5. 6 Hamilton County, Ohio, exhibits the assessed valuation of the city of
and 7. Population, 202,818 iu 1885; 154,7(56 in 1880; 117,714 in 1870. Cincinnati in the year 1860 and 1870, and from 1876 to 1886:
Tax per
Totai
Personal
Real
Cambridge) mass.—The sinking funds, Nov. 30, 1886, amounted to
Valuation.
$1,000
Estate
Estate.
$1,299,18s, and u« t debt to $2,208,311. The investments are nearly all Years.
$17 45
$93,032,716
$31,411,912
in city bonds at par and stamped “not negotiable.
$61,620,904
Valuation, 1885, 1860....
31 60
136,107.236
57,370,754
78,736,482
1870....
real estate $42,588,300; personal $12,758,255 ; total, $55,346,555; tax
25 56
169,53 4.192
44,908,822
124.625,370
1884....
rate, $1 55. Valuations ’86, $44, -55,200 real estate and $14,4 0.470
26 86
170,086.968
42.632,868
127,454,100
personal; total, $59,415,670; tax rate, $150 per $100. Population, 1885....
25 44
171,950,031
42,571,661
1886....
129,378,370
52,669 in ’80; 39,634 in ’70.
174,000,000
Charleston, S. C.—The bonds of Charleston are mostly hold within 1888....
The
is
sole
owner
of
the
stock
Cincinnati
Soutliern Rail¬
city
the
of
the
the State of South Carolina. Conversion bonds of 1878 and 1879 are issued
road, leased as per terms, V. 33, p. 281, and with the waterworks and
in exchange for city stock. Valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop. Tax Rate. other property, real estate, and bonds held for investment, has assets
at $36,55 4,631.
1884
$16,246,865
$3,186,216
$20 00 put
sewer, street lmprovein’ts and street opening bonds
16.753,760
8.138.153
20 00 areCleveland.—The
for
special loealiuiprovemeuts, ami redeemed bv assessments on the
16,933,565
7,809,212
property-benefited. Population, 160*146 in 1880; 92,829 in 1870.
—Population, 49,984 in 1880; 48,956 in 1870.
Assessed valuation, tax rate, leht ami sinkinr funds have neen:
Chelsea, mass.—Sinking fund, Jan. 1, 1887, $365,712, which in¬ Years. Real A Personalty. Tax $ 1,000. General Debt.
Special Debt.
cluded $2r 4,( 0 > of the above slnkiug fund bonds, amt net debt, rl,296.- IS84
$85,978,003
$14-20
$6,386,000
$875,800
087. Valuation in 1886, real estate, $16,530,850, and personal, $2,275,6,917,000
708,000
8-',285,845
1433
812; total, $18,806,662; tax rate, $17 80. Population, 21.7&2 in 1880;
91,081,406
13-15
8,015,0-0
695,900
18,547 in 1870; 24,347 in 1884.
566,663 in 1880. Valuation oi
been:
Real.
Personal.
Rate
3519,375,702
$311,308,060
$29 06
22,019.310
26 50
336,221,357
Popular-on in 1870, 396,099. against
property and tax rate per $1,000 have
Chicago.— The city debt is
valuation.
Of the funded debt, $3,955,000
Vorks. which vield an income much above the
■
*
...
l
i
i
.
'
CITY
September, 1887.
Subscribers will confer
a
Date of
bonds.
Size
Michigan-(Continued)—
Public sewer bonds ($35,000 are 6s)
Bonds for purchase Belle Isle
Bonds for Bridge
Public Improvement
Market bonds
1872 to’86
1879
18*6
1886
1880
Elizabeth, X. J.—Improvement bonds
1871 to’74
Funded debt bonds
1870 to’75
School House bonds
1872 to ’73
Market House bonds
1865 to ’66
Consolidated improvement bonds
1875-’76
Funded assessment bonds
1877
Tax arrearage bonds
1x76
New Adjustment bonds and scrip
1882
rie (Penn ) —Water bonds
1869 to’73
Impi o\ emeut, bonds
1869 to’73
Consolidated bonds
1874 to’78
do
do
1887
Evansville, Indiana— Series A, fund, debt loan.
1887
Series B,
do
do
1887
Series C,
do
do
18x7
New Water Works loan
1887
Full River, Mass.—City notes
.
165781865.—
•
City bonds
•
•
•
....
•
•
•
•
•
-
-
•
j
....
5,000
1,000
....
1,000
1,000
1,000
1,000
1,000
1,000
1.000
500 Ac.
1.0(H)
100 Ac*.
100 Ac.
500 Ac.
1,000
1,000
1,000
1,000
Large.
1,000
....
....
1,000
1,000
1,000
....
....
5
1,000
....
....
Fitchburg, Mass.—City bonus
Water loan
registered
Galveston^ Tex. — i Ami ted debt
do
Galveston
outstanding.
1000Ac.
1,000
....
do
do
do
do
do
(Sewer)
Water loan
do
do
do
©o©
do
bds. (sk’g I'd. 2 %)
.
1873
1871
1,000
1,000
187o
1,000
1883-6
1877-8-9
1.000
100 Ac.
100 Ac.
....
County bonds, G. C. A 8. F. KH...,
Hartford, Conn.—Water bonds
City bonds (H. P. A F. RR.)
Funded debt
Capitol bonds
Hartford town debts to railroads 10-25,
do
do
war
do
floating debt
Hoboken, N. J.—Bonds
1882
1865-8 L
1876
1868
1872
1,000
1879-’80
1.000
■
....
1,000
1,000
1,000
1863
1864-’79
1872
1877-’79
Various.
18'8-’81
City Hall aud Engine IIoi
1880-’* 2
Holyoke, Mass— City notes
1871-’74 !
City bonds, sinking fund.
1874
Water loan
do
1872
Railroad loan
do
($60,000 are J. At J.).|
i
1873
1869 to ’70j
Bonds to Un. RR. Tr. Stock Yard
1877
(mortgage).
Loan bonds, series A
1873
do
do
B
1874
do
do
C
*.
1874
do
do
1)
1875
Purchase-money bonds—Southern Park
1874
Jersey City— Water loan bonds, mostly coupon 1852 to’77
Water loau bonds,mostly coupon
1869 to’73
Water loan
1,000
1.000
500 Ac.
500 Ac.
1,000
500 Ac
City bonds
School bonds
1,000
1,000
....
1.000
j
...
....
Forty-year bonds
Improvement bonds
Morgan street dock...
Funded debt bonds
Old Jersey City bonds, coupon
Hudson City bonds
I
500
1,000
1,000
1,000
1,000
1,000
500
1,000
1,000
....
1875-’76
1,000
500 Ac.
1,000
1,000
1,000
Various
1,000Ac
1,000Ac
Various
....
....
or
1,000
1,000
....
reg.!
1879
1830-’!
1884
j 1875 to '81
1
1873
1,000
j
....
i
Bergen school loan bonds
Bergen street improvement bonds
do
bounty loan...
Assessment funding bonds
Temporary loan
Bonds to fund floating debt. Ac..
coup,
Bonds to pay maturing bonds, Ac
City of Jersey City loan
Kansas City, Mo.—Renewal bonds
Funding bonds
.
1872
1871 to ’74
1870
1872
1864-’65
186 t-’70
1868-’70
1869
1865
....
When
payable
Where pavable and by
whom.
100,000
4
•
1
....
....
1
:
are also $10,000 House of Correction
bonds
sinking fund July 1, 1885, $838,238; net city debt,
The population in 1870
was 70,577; in'80,
116,340; in 1883,
of water works is about
$3,500,000, against
debt of $1,451,000 September, 1885.
The water works -bonds
are issued on a pledge of the
city credit, and $75,000 per year collected
in taxes to
pay interest on them. Population in 1S**6 about 175,000.
Valuations (based on true value) and tax rate have been ;
The value
Years.
Real Estate.
1884.‘
Personal.
.$82,703,115
87,536,645
ICO,020,001
Total.
$27,028,880
$110,721,005
116,240,045
133,448,580
28,713,300
33,427,580
Elizabeth9 X. JT.—Default
bonds
are
pending.
Tax Rate.
$11-44
10*77
10-82
made in interest February 1, 1870.
Old unadjusted bonds and loans are
floating debt July 15 1885, $4,264,-
was
$2,502,730. Total bonde 1 and
640. A proposition to issue 4
percent bonds at 50*p'*r cent of the face
value of old bonds was made, and a consider a
bio amount of the
new bonds lia\ c been issued.
The Mercantile Trust
Company in New
York acts as tin* agent.
Assessed valuations and tax rate per $1000
j
|
Bank!
1
Fall itlver, llatx,-'Thosinkingfunas amounted to
$361,389 Jan. 1,
18x7. Population i•> 1885. 56,863; 48,961 in
1880; 26,766 in 1870.
Valuation in 1885, $13,815,275.
Fitchburg, Ilians.—Population 12,270 in 188 »: 11,269 m 1870.
Assessed valuation of real estate (about cash valued in 13$ J,
$3,424,675; personalty, $1,071.88 >; tax rate, 18*2 » per $1,000; in
1887, real,
$8,820,075 ; person «l, $3,12 >,313 ; tax rate, $17-10.
Galveston, Texas.—Assessed value of real and personal property,
1886, $21,043,509; tax rate per $1,000, $15*00. 1885,
valuation, $18, 588,196; tax rate $15*00. In April, 1882, the Galveston
County 10 per
cent Inputs were called in and 6
per cents issued iustea l.
Population
m 1870, 13,812: in 1880.
22,248; 1886, estimated, 42,000.
Hartford, Conn.—Total city debt,
April 1, 1887, $2,781,832; net,
$1,910,172; net town debts, Oct. 1, 1886,
$1,202,753.
Assessed valuation in 1886, $15,700,000; in
1335, $ 15,898,36 5. Population. 42,553 in 1880; 37,743 in 1870.
Hoboken, N. J.—The total debt May, 1387, was $1,279,187. As¬
sessed valuations in 188 t: Personal,
$1,343,941; real estate, $14,672,700; tax rate per $1,000, $23*5 »; population, 35,000. A isos sod valua¬
tions in 1886-7 ; Person d,
$1,411,005 ; real estate, $15,326,700; tax
after
deducting
resources,
rate, $27 00.
Holyoke. Hlass.—Bonds all coupon, but can be registered. Total net
debt,-$764,500. Valuation, 1835, $16,135,525; tax rate, $17*20. Valu¬
ation in
1887, $18,122,580; tax rate, $17-00.
1880; 10,733 in 1870; 33,000 in 1887.
Population, 21,915 in
Indiauapoiis.—The School
Board is a distinct organizat’n and levies
($2 20 for 1384), which is included in tax rates. There
are a few other small issues
amounting to $50,000. Population, 75.056
in 1880; 8.244 in lM7o.
Valuation and tax per $1,000 have been:
Years.
Real Estate.
Personal tv.
Total.
Tax.
its
p. 211.)
Evansville, Inti.—1There
April, 1*83.
due.
F.
F.
J.
J.
.
Assets in
Principal—When
A A N.Y., First National Bank. L892 to’97 A 1906
A A.i •
do
do
1899
30,000
A ,T.
do
31*2
do
Jam. 1911
370,000
A D
do
3ifl
do
Dec. 1916
i
4
26,000
Aug. 1, 1888-1892
850,000
7
Various
Citv Treasury.
1879 to’81
435,000
7
Various
do
1882 to’95
48,000
7
Various
do
1882 to ’93
41,000
7
Various!
do
1882 to’86
764,000
7
A. A O. 1
do
1885 to’96
7
J. A I).
260,000
do
1907
196,000
7
M. A N.
do
1886
(0
4
J. A J. IN. Y.. Mercantile Trust Co.
Julv 1, 1912
233,000
7
Various
New York.
1*89 to 1893
02,000
7
Various
do
1839 to 1893
527,700
7
J. A J.
do
189 1 to 1-98
4
250,000
T. A J.
do
1897 to 1907
675,000
5
J. A J.
N. Y., Winslow, L. A Co.
Jan 1, 1912
350,000
J. A .1
do
41*2
do
J ,11. 1, 1912
720,000
4
J. A J.
do
do
.Iui> 1, 1912
400,000
6
J. A J.
do
do
July 1, 1912
311,000 37s, 4, 6 Various
City Treasury.
Nov., 1887 to ’92
45,000
6
Various
do
1891
600,000
5 g.
F. A A.
Boston. Revere Bank.
Aug. 1, 1894
450,000
5 A 6
M. A N. ! Boston, Bank Redemption.
May 1, 1895
100,000
4
do
do
Mav 1, 1895
261,860
5 A 6
do
do
1896-’97-’98
125,000
M. A N.
378
Ciry Troasurv.
May 1, 1905
500,000
Boston. Bank Redemption. Fel>. I, 1900-1909
450,000
6
M. A N.
do
do
Nov. 1, 1892-1906
550,000
6
F. A A.
do
do
Aug. 1, 1899-1905
200.000
Mav 1, 1908-1909
40.0,000
6
J. A J. Boston, Merchants’ Bank
July 1, 1893
300,000
6
J. A J.
do
do
July 1, 1891
100,000
6
J. A J.
do
d0
July 1. 1905-1906
8 '>,000
3i*> & 4 A. A O. Galveston, City
1893 A 1903
Treasury.
510,100
8
M. A 8.
do
1893-1909
8 18,400
5
J. A D.
Now York or Galveston.
1920-1925
417,000
6
J. A J. N. Y., Bank of New York.
1902
83 7,000
5 A 6
Various
1890-1906
City Treasury.
500,000
6
J. A .1.
Suffolk Bank, Boston.
Jail. 1, 1891
300,000
6
J. A J.
Jan. 1, 1893
City Treasury.
1,000,000
6
J. A ,1.
do
Jan. 1, 1897
1,250.000
J. A J.
Town Treasury.
412
10 to 25 years
70,000
6
J. A J.
do
$lo,0()0 yearly
203,000
6
J. A J.
do
Jam, 1900
159,0( 0
6 A 7 Various First Nat. Bank, Hoboken
18X8 to 1905
7
119,500
A. A O.
do
do
Oct. 1. 1892
43,750
6 A 7
do
Various
do
1891 to 1894
91,500
Various
do
7
5, 6,
do
189.) to 1903
5 A 6
636,000
do
Various
do
1898 to 190L
75,000
5 A 6
do
Various
do
1902 to 1910
203,000
3 to 5
Various
1887 to 1889
City Treasury.
271,000
6
A. A O.
do
Oct. 1,1889
250,000
6
J. A J.
do
Jau. 1,1900
226,500
7
A. A 0.
do
Jan.AApr.l, L 8
155,000
6
Jan.
Jam 1, 1889
City Treasury.
500,000
6
J. A J.
N. Y., Winslow, L. A Co.
Jam 1, 1897
300,000
7*3
J. A J.
do
do
July 1, 1893
300,000
7*3
J. A J.
do
do
July 1, 1893
300,000
7*3
J. A J.
do
do
July 1, 1894
200,000
7*3
J. A J.
do
do
Jufy 1, 1895
109,500
7-3
J. A J.
do
do
Jau. 1, 1899
984,000
6
J. A J. N. Y., Mcrch. Ex. N. Bank.
Jan., 1889 to 1909
3,329,000
7
do
Various
do
1899 to 1913
200,000
5
do
do
Feb. 1, 1913
517,000
7
,T. A J.
do
do
Julv 1, 1913
5,299,500
7
Various
do
do
1891-1892-1906
125,000
7
J. A J.
do
do
June 8, 1900
500.000
M. A N.
7
do
do
Mav 1, 1897
558,000
7
Various
do
do
1889-1890
100,000
7
Various
do
do
1889 A 1900
150,000
7
J. A J.
do
do
Jam, ’93 to 1900
400,000
J. A J.
7
do
do
July, 1889
41,000
7
Various
do
do
1889
900,000
7
Various
do
do
1905-19* v
975,000
51*3
Demand.
1,353,000
6
F. A A. N. Y., Mcrch. Ex. Nat. B’k.
Feb. 1, 1909
600.000
5 A 6
do
do
Various)
1910-1911
1,<‘00.000
6
1904
390.000 6, 7 A 8
Mew York, Niuth’Nat.
1895 to ’98 A 1901
250,000
8
do
do
May 1, 1893
a
lu
■
was
887 the old debt
issues of bonds above given.
Years.
Real Estate.
$13,527,090
13,666,645
default in payment of interest from
nearly all funded into the roveral
was
Personalty.
$6,519,820
6,682,895
17,273,310
15,184,693
6.239,810
-(V. 43, p. 607; V. 44, p. 335; V. 45. p. 112.)
!
....
Detroit, Ulieli.—'There
on
$801,500 3h2,G & 7
'
due 1803.
Suits
Rate.
!
Des HI oI in *, la.—Assessed value of
property .$11,500,000, which is
about 20 per cent of true value. Population in INTO.
12.035; in 18*10.
22,400: in 18x7 (estimated!, about 45,000.
Sinking
fund
Sept., 1887,
amounted to $40,000.
$12,261.
130,000.
INTEREST.
Amount
or
par
value.
For explanations see notes on first page of tables.
do
do
»
great favor by giving immediate notice of any error discovered in these
Table***
DESCRIPTION.
Detroit,
SECURITIES.
Tax.
$10 0
Debt.
10 00
$1651.000
1,651,000
16
2,145,000
)
66^
own tax
1883
1884.
$39,335,860
40,149,950
Jersey City.—One
$13,792,290
13,891,659
$53,123,150
54.041.600
$11*20
12*20
the mam causes m past tr mole in .jersey City
finances has been the failure to collect back assessment-*Stud the
large
amount of railroad property exempt from
taxation, but these matters
are being remedied and RR.
property is bearing a share of tne taxation.
oi
Subscribers will
confer a great favor
For explanations see
do
Water loan
notos on first page of tables
381
Sewer bonds
do
Elizabeth A P. Railroad
’54,’62,3, 8
property
1869
1871 to '74
Sewer bonds
Water notes
Water bonds
Sewer notes
Bridge notes
Lynn, Mass.—Water
Water
bonds
1,000
Large.
1,000
120,000
382.500
537,000
1,300,000
1870-’3-’5
Large.
77,000
100,000
1,000
1,219,000
Various
Various
Various
1884
1869-’85
1U72’74
H.—City bonds
($100,000 each year)
do
do
Post bonds
1872-’74
1881
1867 to’68
and paving bonds
1867, '8,
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon (Flippen)
New
compromise bonds
Bridge bonds
in)
—
Water bonds, coupon
do
registered.
do
coupoo
Waterworks
Minneapolis,
City bonds
Nashville. Tenn.—Various
Municipal Bridge
bonds
1.857
1877
1883
1861
1871
1876
1885-6
1882-’83
1872
1872
1883-’86 ’7
refunding
Minn.—City oonds
do
($366,000 due
do
Mobile— Funding bonds
’9\
1870
Funding loan, gold
Milwaukee, Wis.—Re-adjustment bonds
General city bonds
do
do
(not liable to be called
do
do
1912 are red. 1902).
city bonds
1883-’84
1870 to ’75
1871 to '81
1881 to '85
1886-’87
1881
1870 to’81
18S5
Waterworks
Newark—War bds.,ttoat’g debt, Ac. (s.fd. of '64)
1868 to’86
Public school bonds
1875
Clinton Hill bonds, coup. A reg. (s. fd. 3 p. c.).
Corpora te bonds, coup, or
reg.(act Apr. 21,’76)
improvement bonds (local liens). .
Aqueduct Board bonds($2,490,000due in'92)
Sewer and
Tax arrearage bonds
do
do
do
do
Funded debt bon is
Annexation bonds, reg
City tax
New Bedford, Mass.—City improvement
Water bonds
do
do
do
Sewer and Bridge bonds
1,000,000
1.000
469,300
200,000
notes
Bridge bonds
Memphis, Tenn.—School
1,000
51,000
513,000
500,000
Large.
Large.
Engine House and sewer bonds
do
159,000
133,000
1,000
Funded debt
.School Houses
Manchester, N.
flfater bonds
1,692,000
1,000
1,000
1,000
1,000
1878-’80
’71-’79-’86
1867-’86
lM77-’78
1879 to ’85
1886
1885
1886
-*
1886
1,000
1,000
500 Ac,
595.000
57,000
1,000
246,000
313.500
200,000
400,000
60,000
o
500 Ac.
1,000
1,000
4->0
30
2 o'
1,000
1,000
....
1,000
1,000
10,000
....
1,000
....
....
1,000
1,000
500
100 Ac.
1,000
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
....
....
1,000
1895
1890 &’97
1905
July, 1904
Lawrence or Boston,
Boston, Tremont Bank.
1887 to 1894
Lawrence, Mass,
do
N. Y. City A L.
do
N. Y., Bank of
Oct, 1,’90. to
do
do
America.
Louisville.
New York
77,500
18*2,000
98,000
285,000
61,000
321,000
899,000
608,000
255,000
610,500
422,000
2, It >5,000
1,095 000
1923
City.
.
•
£
6
7
6
3-4
5
\
\
7
7.
4
4
7
7
4
4
8
5, 6, 7
4-4^
4 4*2
4 to 5
Charleston, S.
July. 1872
C.
1907
1913
N. Y., Nat. Park Bank,
do
do
Mil.AN.Y. Morton B. A Co
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
June 1, 1891
D.
Jan. 1, 1901
J.
Juue 1, 1896
D.
July 1,1905 A1906
J.
July 1, 1902
J.
Jan. 1, 1902
J. A J.
Jan. 1. 1902
J. A J.
1903 tfc 1906-’07
J. A J.
1903-1904
J. A J.
1888-1905
Various New York, Nat. Park Bank
1*93-1902
do
do
Various
1906 to 1915
do
do
Various
1916 <fc 1917
do
do
Various
Jan. 1, 1906
New York and Mobile.
J. A J.
1887 to 1903
Various New York and Nashville.
Oct. 1. 1905
A. A O. N. Y., Chemical Nat. Bank.
1907-1915
do
do
1891 & 1896
Newark, Oity Treasury.
Various
1887 to 1892
do
do
J. A
J. A
J. A
J. A
J. A
2,250,090
6
1,395,600
5
200,000
6
450,000
7
550,000
580,000 4*2, 5, 7
J. A J. Newark, Nat. State Bank.
7
400,000
do
do
Various
5 A 6
1,200,000
do
do
2,450,000 4,4L> to 7 M. A 8.
do
do
Various
7
3,497,000
do
do
F. A A.
7
476,000
do
do
F. A A.
5
1,114.000
do
do
J. A J
4^
97,000
do
232.000
126,000
158,000
328,000
100,000
360,000
160,000
1.000
1906
instalments.
18S9 to 1903
1889-1897
1896-1897
In
I. Ciiy.
.
*2©
$L50,000, and
railroad property col¬
82,516 in ’70;
Taxable valua¬
Vears.
Real Estate.
Personal Prop. Tax Rate.
1882...
$5,640,300
$29 00
$56,125,552
58,287,892
4,664,390
29 40
61,571,512
4,564,633
32 80
1886
61,894,739
4,935,200
29 40
The value of railroad property, not included above, is about $25,000,000, which is subject to a tax rate of L per cent for city purposes.
Kansas City, Mo. — In 1885 assessed valuation was $31,678,520
•nd tax rate 15 mills. In 1886 real estate valuation was $36,833,550;
personal, Ac., $9,553,240; tax rate per $1,000, $14 00.
Lawrence,Mass.—Total debt,$1,764,000. Sinking funds, $325,534.
Tax valuation in ’84, $27,369,095; in ’85, $27,144,050; tax rate, 16*60;
in ’86, $27,165,590; tax late, 16*40. Pop., in 1884 45,000; 39,151 in
’80; 28.921 in ’70.
Long Island City.—The interest on $514,500 of the general bonds
is pay aide from taxation, and on $397,000 from water rents.
The tax
or revenue bonds issued in each year are chargeable on the uncollected
taxes and water rents of a previous year, and a 1 interest on these bonds
Is paid fioiu the collection of back taxes ami interest.
Hie assessed
valuation in 1885 was $7,299,170 on real estate and only $37,500 on
personal property; the rate of tax was $40 40 per $1,0.10. For State
purposes the valuation was increased to $10,000,009. Real valuation
Collections in 1886 were better than in 1835 by about
the city also received $2.0,000 from taxes on
lected by the State. Population in 1880, 120,722. against
in 1885 by the State census population was 155,300.
tions and tax rate per $1,000 have been:
Various
Various
J. & J.
J. & J.
Various
Due.
July 1, 1903
N. Y., Bank of America,
1891, ’92 tfc 1903
do
do
7
1889
Various New York, U. S. Nat. Bank.
6
July,
1898
Louisville,
Treasurer.
City
6
J. A J.
June, 1901
N. Y., Bank of America.
J. A D.
7
1888 A 1903
do
do
Various
7
1888 to 1898
Various Louisville and New York,
6
Oct. 1, 1898
do
do
A. & O.
6
1889
do
do
J. & D.
6
1894 tfc 1901
do
do
Various
7
1911
N. Y., Nat. Bk. of Republic, |
5
Mav 1, 1920
!
N. Y., Bank of America.
M. & N.
5
Sept., 1891
N. Y., U. S. Nat. Bank.
M. A S.
7
J. A J. N. Y., Continental Nat. Bk July, 1901 & 1903
7
1893
Various New York and Louisville.
6
1887 to 1894
City Treasury.
4 to 6Lj Various
1891 and 1892
Boston,
M. A N
4
1892
do
M. & N
4
1887 to 1903
do
Various
4
Dec,,1887 to 1911
City Treasury.
3Ljto66in Various
1890
Boston.
M. A N.
6
i 10 per c*t. annually
Various
4
City Treasury,
10 per ct. annually
do
Various
4
1890
City
Treasury.
Various
6
1890-1917
Boston,
Republic,
Bank
&
J.
J.
3^ to 6
1890-1897
do
do
Various
5 & 6
1888-1893
3’2 & 4 Various CityTreas’ry & Bk. Repub, Nov., 1887-1906
do
' do
31slfe4 Various
1887 to 1894
City Treasury.
Various
6
July 1, 1890 tfc’95
Suffolk Bank, Boston.
J. & J.
6
l887-’92-’97-1902
J. & J.
City Treasury,
6
July 1, 1911
do
J. & J.
4
1873 to 1902
Memphis.
A
1873 to 1900
6
Nov., 1900
6 g. M. & N.
1,000
500 Ac.
Various
Principal—When
do
do
do
do
& J.
J. &"j.
J. & J.
Various
J. A D.
A. & O.
Various
4
7
1,000
1875-86 Various,
1876
1,000
1,000
1867 to’7b
1,000
1872-’74
1884
5,000
1881 -’86
176.500
1,000
100 Ac.
100 Ac.
100 Ac.
6 A 7
5 & 6
6
6
190,000
481,000
350,000
333,000
10-40 and half 20-40)
7
5
4
6
4
6
1,300,000
911.500
438.500
698,000
600,000
519,000
17,000
81,000
423,000
J.
8
459,000
150,000
1,500,000
Payable
tbese Tables.
and by
Where Payable
Whom.
When
Rate.
142.500
248,000
60,000
300,000
1868
1886
1880
1871
1871 to'73
1851 to '63
1862 to'84
.
1882
1882
1882 & ’83
1871 to’85
1870
1883 A 84
1883
Louisville, New Albany A St. L. Air Line RR.
Road bed, Louisv. ^Cin. A Lex. RR
City bonds payable by Louisv. & Nash. RR...
Lowell, Mass— City notes (various purposes) .
Bridge notes
Bridge bonds
outstanding.
1885
500<fec.
1884
1862 to '75 5000Ac.
1881 to '85 10,000
500 <fec.
lH73-’75
Various,
Va* ions.
500
1883-’86
L859 to'67
1,000
1,000
1866 to '67
500 Ac.
1883
1873
1,000
1,000
1871 to '73
1,000
1853 to’69
1868
1,000
1871
1,000
1868 & ’73
1,000
.
Jail bonds
4
For old liabilities
do
do
do
do
(half are
do
do
Amount
1875
Long Island City- General bonds
Tax or revenue bonds
Louisville, Ky.—Water works
For improvement of streets
For municipal improvement
Re-constructing street
Public buildings and institutions
Public school and school houses
Wharf
Size or
par
Value.
Bonds.
Kansas City, Mo. —( Continued.) —
Floating debt bonds
Railroad bonds
School bonds
Lawrence, Mass—Sewer loan
Funded debt
of any INTEREST.
error discovered in
by giving immediate notice
Date of
DESCRIPTION.
[Vox,. XLV
SUPPLEMENT.
INVESTORS’
10
100.000
13».000
5
4
4
6
5
6
7
4
3Lj-t
F. A A
do
...»
A.
A.
A.
A.
tfc O.
tfc O.
tfc O.
& O.
A. tfc O.
City Treasury,
do
do
do
do
do
59,475 in 1880; 40,923 in 1870; 75,000 in 18s4.
in’84, $36,510,201 real est. and $14,671,684
In 1886, real < state, $38,870,785; personal,
Lynn, Mass.—Valuation 1887.
July 1, 1895
1909 tfc 1910
1893 tfc
1906-’09
1892 to
1909
13»7 tfc 1888
1889-’95
Julv 1, 1896
1895
1906
1906
1891 to 1910
1900 to 1904
1887 to 1909
1887 to 1909
1894
1S87 to 1906
Assessed valuation
personal; tax rate, $17 50.
$14,319 907; tax rate,$L6.
real estate, $24,491,4 IV; personal,
$6 z79,200; tax rate, $18*80; In 188i, $27,548,581; tax rate, $18*40.
Population, 28.233 in 1870: about 45,000 in 1883.
Manchester, IV. H.—Valuation in L8^5, $21,137,464; tax rate,
$17 50 per $1,000. Population, 32,630 in 1880; 23,536 in 1870.
Memphis, Tenn.—The city was in default for interest after Jan. 1,
1873. The Legislature passed a bill, January, 1879, repealing the city’s
charter, and the “Taxing District of Shelby County” was organized.
The compromise bonds of 1877 were issued at 50 cents on the dollar.
Under the act of Tenn. March 3, 1883, new compromise bonds are issued,
bearing 3 per cent till January, 1886, then 4 per cent till 1889, and 6
The total debt when funded will be nearly
per cent thereafter.
$3,000,000. Valuation of real and personal property in 1883, $1.2 690,318; tax rate. $2 3 5o on the $1,090. In 1884 valuation of real and per¬
sonal property, $13,499,325; tax rate, $23 50. Population in 1870,
40.226; in 1880,33 592; in 1834, 62,335.
Milwaukee. Wis.—The city cannot issue debt beyond 5 per ct. of its
average assessed valuation of real and personal property for five years. In
1884 valuation was $74,951.750; in 1885 real estate, $61,445,9 21 and per¬
sonal, $17,415,4 4 i ; in 1886, $82,641,743. Sinking funds are provided,
and all old issues except the gener U bonds due 1896 may be called in
and paid by sinking fund; holders were misled as this was not stated
in the bonds.
Population, 71.440 in LS7<>: in 1885 (estimated). 160,000.
Minneapolis, Minn.—Total debt March 1, ’87. $3,739,000; sinking
fund. $232,738; tax valuation in lS-'O 87, $83,008,8 )6 real estate and
about $25, *00 009. Population. 25,000.
816,582,906 person il—total, $99,591,762; tax ra’e, $17 1 * to *19 00
Louisville.—The funded debt, Jan. 1, 1887, exclusive of loans paya¬ iu lH^S, $77,500,000; in 1884, $74,308,711: tax rate 1885, $20 00.
ble by railroads, was $9,352,000, against $9,616,000 Jan. 1, 1886. 'X'he
Population,46,887 in 1880; 160,000 (estimated) in 188c.
sinking funds on Jan, 1, 1887, amounted to $4,313,831. Population by
Mobile.—Valuation oi real and personal property in 1883. $15,350,Census of 1870 was 100,753, against 123,758 in 1880. The following
738; in 1884, $13,578,347, in 1885, $13,763,8*22. Population 35,000 in
figures give the assessed property valuation: 1831, $68,753,770; 1882, 1885* 31.207 ill 1880: 32.034 in 1870.
870,029,724, of which $52,269,684 was realty.
In 1883 Valuation
Nashville, Tenn.—Assessed valuation of all property in 1886 was
$66,118,534. tax r>te per $1,000, $21 00. in 1884, $63,927,077. tax $25,671,200; rax rate per $1,000, $15. Population, 43,350 in ’80;25,865
rate, $21 00; in 1885, $62,763,461, tax rate $24 80; in 1886, valuation, in 1870.
$64,405,515; tax rate, $20 40.
Newark.—The bonds in the first line in the table are payable out of
Lowells Mass.—All the notes held by savings banks. Population
5
CITY
September, 1887.]
Subscribers will confer
a
sewers
$.--.
$180,000
■
•
•
•
178,500
47.500
47,000
52,0«'0
.
500
500
500
....
•
....
City bonds (10-20 bonds)
Sewerage bds. (pay’le $15,000 y’rly from'
New Orleans—Consolidated debt
outstanding
1864-1874
1*73
1881-82
1882-85
1885-86
do
Conn.—Sewerage
1867-69
•
1871
1877
1883
1854 to ’84
•
•
•
.
•
•
109,500
484,100
360,000
1,000
1,000
499,000
1,000
1,000
150,000
Consolidated debt, extended
1,000
Ten year certificates to fund coupons
1883
Railroad debt (all extended except $28,000)..
1854-75
1,000
Seven per cent funding loan of 1869
1869
Seven per cent funding loan of 1870
1870
Jefferson City (debtassumed) extend’d
1857
Premium houdis (in exchange)
1875
Water Works ($70,40o extended)
1869
Other old bonds <$ >05,5o0 extended)
1857 to ’73
Newton, Moss.—City bonds and notes
1 867 to V6 1,000Ac
New York— Accumulated debt bonds, city
18 >9-’70
100
Accumulated dent bonds, county
100
7. 1869-’70
Armory bonds
1884
500
Assessment bonds
1879 to ’87
500
Assessment fund stock
1868 to’83
500
Additional new Croton Aqueduct stock
1872 to’77
500
Croton water stock
1847 to’52
100
Additional Croton water stock
1871 to’87
500
Additional w ater stock, red’m'ble after 1913. 1883 to’84
500
Additional Water stock
1885-7
500
Croton water main stock
1871 to’81
500
Croton Reservoir bonds
1866
100
Central Park fund stock
1857 to’59
100
do
do
>1856 to ’58
100
do
do
11865 to’71
100
City Cemetery stock
1869
100
City improvement stock
11869 to ’78
500
do
do
(cons., $687,803 red. aft.’96] 1876 to ’80
500
City impr. stock (cons, st’k), cp., exefi. lor reg 1
1874
500
City Lunatic Asylum stock
1869 to’70
100
City parks improvement fund stock
>1871 to’80
500
.'1871 A ’72
500
do
1871 A ’72
city,
do
500
do
dock bonds
do
1871
500
do
1872
500
city pks. impr. fd. st’k, do
do
red. aft. 1908, cp. ex. for rg.
1878
500
do
1874-’75
city, coupon exch. for reg
500
do
1872 to’74
city, (A)
500
do
1874
county (A A B)
500
do
i
1874
City (B A C)
500
do
500
city (DEiiiFl
| 1876-T7
do
11877 to ’84
500
city (G K L A M)
do
city
500
I
1880
do
consul, st’k (Iiikor’s Isl’d
1884
500
do
(Harlem Rive Bridgo)..
1886
500
Dock bonds...
1870 to’84
500
Consol, stock (Metropolitan Museum of Art)..
1884
500
Fire Department stock
1869 ’70
100
Gansevoort Market cons, stock, rev. bonds...
1887
500
Market stock
1867 to’69
100
Museums of Art and Natural History stock.
1873 to *81
500
N. Y. City bds.for const.of bridge ov.HarlemR, 1879 to’84
500
N. Y. Bridge bonds
1869 to’75
100
do do consol, stock, redeem, after ’96
1876
500
do do $500,OuO af.’96,$1,421,900 af 1900. 1876 to’80
500
do do $750,000 af 1903, $416,666 af. 1905. 1880 to’83
500
Ninth District Courthouse bonds
1871
500
Normal school fund stock
1871 A ’72!
500
N. Y. Co. Courthouse st’k, Nos. 1, 3, 4 & 5
1862 to’82
100
New York County repairs to buildings stock..
1870
500
N. Y. and Westchester Co. improvement bonds
1871
1
500
Public school building fuud stock
1871 to’74
500
School House bonds
1884-635 500
Street improvement bonds...;
.1869 A ’70
100
Soldiers’ bounty fund bonds
i
i
1864
100
do
do
No. 3
1865
100
j
Soldiers’ bounty fuud red. bonds, No. 2
1865
100
!
Tax relief bonds, No. 2, coup. exch. for reg... !
500
1870
Third District Court-house bonds
187 4 to ’77 j
500
Water stock of 1870
1872
500
of
Debt
annexed territory of Westchester Co
I
500
150.000
1,651,000
2,649,o()0
2,127,360
....
....
397.000
19876. 81
^
m
m
a
41.^00
....
7,501,820
....
82,400
.
.
.
2,400,000
1,172,000
3,443.000
3,277,050
1,331.300
321,400
5,709.000
20,000
1,467 471
674.300
1,766,600
75,000
7,977.515
701,419
820,000
700,000
4,799.000
8,885.500
180,000
bonds run till 1.923, but are redeemable after 1895.
Certificates were
issued for overdue-coupons to Jan. 1. i883, aud
though made for ten
years the certificates are payable at option.
The assessed valuation of
properly, real A pers’al, in ’84. $114,581,744; tax rate per $ 1,000, $ jO*00;
5, 6 A 7
6 g.
4, 5 A 6
3, 4 A 5
6
500,000
1,921.900 j
1,166,6<6
6
5
M. A N.
M. A N
M. A N.
M. A N
M. A N
M. A N.
I. A J.
I. A J.
J. A J.
r. A J.
M. A N.
M. A N.1
M. A N.i
J. A D.l
r. A D.l
M. A N. >
M. A N.i
M. A N
M. A N.
\I. A N.I
M. A N.I
M. A N.I
M. A N.|
M. A N.I
M. A N.
M. A N.
M. A N.
M A N.
VI. A N.I
+->
40.000
30,000
636.000
80-5945
606,900
2,509,000
745,890
376,600
3,009,000
398,900
475,000
700,000
aue.
tcy?
•o
1902-1903
1995-1906
1894-1898
18;.8-1906
Oct. 1. ’91A1901
July 2, 1887-’97
1895 to 1904
1892 to 1934
1892 to 1923
Jan., 1893
1894
1894
1895
1897
When
1899
1892
1887
to 1923
A 1922
A 1022
to 1923
drawn.
to 1923
to 1923
to 1914
Nov., 1887 to 1888
Nov., i887to 1888
Aug. 15. ’94, 1904
Nov. 1.1887 to ’90
1887,1903 A 1910
Aug. 1, 1900
Feb. 1, 1890
1891,’99 A 1904
Oct.
Oct. 1,
Nov. 1,
Aug.
Nov.
1. 1933
1904 A’5
1900-1906
1, 1907
1, 1887
July 1, 1898
June 1, 1895
Aug. 1, 1888
Nov. 1,1889A’92
July 1, 1901
Jan. 1, 1902
Nov. 1,
®
1896
Nov. 1, 1928
3*
-2
Sept. 1, 1901-1902
July I. 1901
July 1, 1901
.
2 £
M
1892-1904
1887-1900
1887-92
I960 A 1926
Nov. 1, 1896
Aug. 1, 1889
1901-1904
0
Nov.
Deo.
1, 1894
1, 1896
Dec. 1, 1896
« May 1,1916, A26
Nov. 1 ,’89, ’97’99
Aug., 1894
Nov. 1, 1910
Nov. lf 1906 A ’7
Nov. 1,1901-1917
Nov. 1,1905
0
® cS
Cl ©
O
Us
•y s:
o’-
Nov. 1,1899
Nov. 1. 1907
$0
S’®
rH
May 1,1894 A’97
May 1, 1903
Nov. 1,1891
Nov. 1, 1905
May 1, 1926
May 1, 1926
May 1, 1928
Nov. 1,1890
S
O
§•2
0®
Q.-F.
4 A 5
7
6
.2
.*a
M. A N.
M. A N.
M. A N.
| 4, 5,6 A 7 M. A N.
6
M. A N.
j
'
6
M. A N.
6
M. A N.
!
3
M. A N.
6
M. A N.
6
M. A N.
7
VI. A N.
M. A N.
7
7
M. A N.
5 A 6
M. A N.
6 A 7
M. A N
V arious
7
300,000
200,000
1,716,090
Personalty. Rate of Tax. Tot. D’bt. Skg.Fds.&e.
$14,271,224
$Ll 00
$714,000
18*5
4*2,000,000
16.000,000
11 00
810,000
$114,078
43.500,000
17,500,000
11 00
799,000
1U,784
New Orleaut*.
The debt as gi. on in the above table is as outstan
ling
June 30, 188/,
In June, 1*82, a law was passed to issue new 6 per
cent 40 year bonds fur all old bonds other than
premiums; the extended
5 A 6
6 g.
6 A 7
1,500,090
amount
-
296.000
499,500
Dec, 31, 1886, was $2,622,063.
The Aqueduct bonds are not a direct
liability of the city of Newark. Real and personal property have been
assessed at about two-thirds of true value as follows : 1884. real
estate,
$72,456,775; personal, $L8.524,775: tax rate per $1,000, $20 30 ; 1885,
real estate, $74,189,110; personal, $18,730,160; tax rate, $19 30.
Popu¬
lation in 1870, 105,059, against 136,508 in 1880, and 155,000 iu 1885.
New Bedford, Mass.—Population, 35,000 in 1886; 21,320 in
1870. Assessed valuations in 18-6 were $16,778,900 real estate and
$15,416,659 personalty; tax rate, $16 per $l,()00.
New Bruuswick, N. J,—There are also $50.<'00 7s and
$14,900
5s, duel8s8. The fiscal year ends March 31. On March 31,
1887, the
valuation of real estate, taxable was $4,062,455 ; personal.
$1,325,850;
tax rate, $4*14 per $1,000. The assessed valuations are
only about one
third of the true value of real property. The
sinking funds March 31,
1887, amounted to $102,590. The city finances are now under able and
conset vativc management, aud the actual net debt is
decreasing. On
April 1 the statement vras as follows for three years : Iu 1885, net debt
less cash and sinking funds, $1,561.100; in 188 >,
$1,526,134; in 188 7,
$1,508,882.
The prosent debt was issued under the adjustment of
1880-81. The bonds boar 4 per cent till 1901, th« n 5 till 19 )6.
1884....$36,293,114
521,953
70,000
958,000
Eublic
bondsfund
of 6 public
fund, $488,265:
Hill
out $2
Clintonfunds
onds school
by sinking
3.5(50. school
The total
in the sinking
Q.-F.
5, 6 A 7
3
3
3 to 7
3
6
3
6 A 7
1,309,000
11,553,000
25,000
have been:
Years.
Real Estate.
6
7
7
7
5 A 6
4 A 5
4
941,135
2,800,000
New
Haveiij Conn.—Bond funds, $134,784. The city made a
special loan of $/5,000 to the NewT Haven A Derby RR., and guaranteed
$225,000 of its 2d mort. bonds. Popula. in 1870, 50,840; in 1880, 62,s82.
Assessed valuat’n (about 80 percent of value), tax rate
per $1,000, &c.,
•
6 A 7
1,858,349
on
-
1,000,000
6,324.700
payable and by
Whom.
M. A N.
N. Y., Ninth Nat. Bank.
M. A N.i N. Bruns’k Nat. Rank, N. J
i. A J. !
do
5
M. A 8.;
do
F M A S 1
6
do
6
J. A J.
do
7
M. A N.
do
6
M. A N.
do
7
A. A O.
City Treasurer.
5
J. A J.
do
F. A A.
31*
do
New Orleans.
5, 6,7 J. A J.
6
J. A J.
do
6
J. A J.
do
6
Various
do
6 & 7
M. A S.j
do
6 A 7
J. A D.,
do
6 A 8
Various
do
5
do
5 A 6
do
6 to 10
do
to 6*2 Various
City Treasury.
7
M. A N.
f
j
7
M. A N.
3
M. A N.
3, 312,4,5 M. A N.
4,5,6 A 7 M. A N.
O
5, 6 A 7 M. A N.
p«
5 A 6
Q.-F.
312 to 6, 7 M. A N.
O
0
A. A O.
3, 312
A. A O.
3, 312
O
1,5, 6 A 7 M. A N.
bo CJ
6
© 0
Q.-F.6
Q.-F.
5 A 6
Q.-F.
6 g.
6 g.
5 g.
6 g.
1,6*0,200
Where
payable
7
6 & 7
7
6 g.
862,000
When
Rate.
4,252,500
6,900,000
1,564,000
2,455.000
sinking fund of 1864, which amounted Dec. 31, 1886, to $550,471!
445,000
12,500.000
5,196,000
!
the
378.109
415.200
2,600,oOO
,
i
567,7^0
375,750
.•no
.
*
INTEREST.
Amount
or
par
Value.
of tables
City improvement bonds
Sinking fund bonds
New Haven,
Size
Date of
Bonds.
New Brunswick, N. J.—
1st & 2d inort. water works bonds
Water b’ds. of ’64,’73,’74 ($10,000 only ar
do
do
do
Commissioners of streets and
do
do
11
great favor by giving immediate notice of any error discovered in these Tables*
DESCRIPTION.
For explanations see notes on first page
SECURITIES
C3 rH
C«*H
1,1891
Nov.
Nov. 1, 1887-’98
Nov. 1, 1887-’88
Dec. 1,1891
Nov. 1,1891
c,o
•2
4^>
Aug. 15, 1894
Nov. 1. 1888
Nov., 1887-’90
Nov. 1, 1895-’97
Nov. 1,1891
Nov. 1, 1890
0
a
w
j
l
Nov.
Nov.
1,1890
1,1902
1887 to 2147
in ’85, $123,929,268; tax rate $25*40; in ’86, $127,7 5.853, tax rate
$20 20; in 1886-7, $ 125,096,250. tax rate $20 20. A scheme for settling
the debt by a bond premium drawing plan is in practice, and drawings
take place Jan.31, Apr 15, July 31 audOct.15
Popul’n in ’-‘0,216.090.
Newton, Maas.— Sinking funds, Jan. 1, ’87, $237,978. Iu 1884
A/
A
A A
it
I
,
<
,.
^
L
.
“T
..I
t
I
r. ( * 1
.
/
.m
il'l
k
A
a? 1
•
I imf
i
Art
in
1 OOLk
New York City-—The total debt of New York, January 1,1887. was
$125,982,736; the amount of sinking funds, $41,205,470. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named:
Jan. 1, 1886.
Jan. 1, 1887
Description.
Jan. 1, 1885.
Total funded debt
$126,871,138
$125,475,240
$12 ‘,982,736
Sinking fund
34,823,735
36,113,814
41,205,470
Net funded debt
Revenue bonds
Total net doht
$92,047,403
2,358,825
$89,361,426
3,670,525
$84,777,266
5,618,368
$91,406,228
$93,031,951
$90,395,634
The population of Now York, by the U. S. Census, in 1870 was 942,292 ,
and 1,206,299 in ’89. Jan. 1, ’65, and since Jan.,’72, the val ation.rate
of taxation, and net funded debt at end of year have been as follows;
Real
Tax p. $1,000
Personal
Net Debt,
Years.
Estate.
Estate.
State. City.
Deo. 31*
1865
34 96 $24 94
$427,360,884
$181,423,471
$3 >,973,597
1872
5 20 23 81
797,148.665
306.949,422
95,467,154
18741.... 881,547,995
6 63 21 35
272,481,181
114,979.970
7 27 22 13
11 i,773,721
883,643,545
217,300,15 4
651 2L 49
892,428,165
218,626,178
119,811,310
3 78 22 72
895,063,933
206,028,160
117.709,742
3 56 21 94
900,855,700
197,532.075
113.418,403
3 43
22 37
918,13,380
175,931,955
109.425.414
3 12
22 18
942,571,690
201,194,037
106,066,240
976.735.199
3 60 22 60
10 J,618,301
209,212,899
18-2
-22 501,035,203.816
198,272,582
109,388,483
1883
22 90
1.079,130,669
197,546,495
95,529,9 J9
*
Less sinking fund
f Annexed towns included.
SUPPLEMENT.
INVESTORS’
12
Subscribers will confer a great favor
| Vol. XLV
by giving immediate notice of any error
discovered in these Tables.
INTEREST.
Date of
Bonds.
DESCRIPTION.
For
explanations see notes on first page of tables.
1870-’81
1881-86
1872-’73
18*7
1871
1877
18(58 A 80
1875
1878
1883
Norfolk, Fa.—Coupon bonds
Coupon bonds of 1881
Trust and
paving, coup
Coupon nunds
Coupon bds.. water (a mort. on water works)..
Norwich, Conn.—Sinking fund bonds of 1877...
Water loan ($150,000, 1898)
Court House
Sinking id bds of 1878
($100,000 water loan).
Funding
*.
Paterson, v .J.—School bds($G,OOOare4k}H, A AO)
Funded debt bonds
Sewer b’ds ($130,000 are M. AS. A $90,500 5s).
War bounty bonds
Renewal bonds, “B,” “C,” “D,” “E” and “F”.
outstanding.
$100
$860,200
100
100
500
(>(>0,000
290,800
37,500
100
640.U00
1,000
1,000
1,000
160,000
1,000
150.000
125,0o0
200,000
10
1,000
1859-’86
500
1871
1869-’82
1864-’G5
1877-’8G
500
500
500
500
l.OuO
01,000
Rate.
6
5 *
8
5
5 A 8
5
5 A 0
7
5
4
4!2 A 7
878113-64857 81183-654.
Philadelphia^-Consolidated city loan
1855
1855 to’71
1859 to ’70
1808 to’70
1862 to 05
1800 to’70
Bonds for railroad stock subsidy subseript’ns
for water works.
do
do
for bridges
for park and Centennial
do
do
for war and bounty purposes
do
municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per
1879
cent loan (“H” to “ Y”)
Peoria. Ills.— School loan
War loan
50
50
50
50
50
50
50
50
25
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
1808 to’74
1873
...
Water loan, reg
Funded debt and other municipal bonds
11845 to ’72
100 Ac.
1803
Compromise railroad bonds (coup, and reg.)..
100 Ac
Funded debt improvement bonds, cp. A reg . 1882-’83
100 Ac.
1885
Improv. bonds coup or reg.(Act of M;iy 9,’79).
1,000
Portland, Me.—Loan to Atl. A St. Lawrence Rll. 18G9-’70
500 Ac.
1872
Loan to Portland & Rochester Railroad
1872
1,000
Portland & Ogdeusburg
do
500 AC.
1807-79
Municipal—proper
1887
1,000
Fun ling loan (redeemable July, 1902)
1000Ac.
1803
Providence, R. 1.— Recruiting and bounty bonds
lOOOAc.
1872
Watar loan bonds, gold, coupon
1000Ac.
1874
do
do
registered..
do
do
do
do
do
gold coupon
City Hall A sewer loan b’ds, sterling, cp.
orregj
loan of 1879
do
Public improvement loan, registered
Prov. & Springfield RR. bonds, guaranteed...
New High School Building certificates
1870
18s6
lOOOAc.
1875
£100
lOOOAc.
1879
1879
1872
11877 A ’79
4,282,500
7
300,000
0
1,226,525
2,178,098
1,480,000
3,739,100
541,000
410,000
1,200,000
851.000
727,000
300,000
2,028,000
1,972,000
1,500,000
483,000
1,397,250
600,000
590,000
500,000
3 l ,933
2,0 >8,358
Large.
1,000
Various
1,179,700
1,178,000
270,000
132,000
750,000
585,000
1872
1,000
Rochester, N.Y.—To Genesee Valley Railroad ..
To Rocli. A State L. and R. N. A P. Railroads. 1872 to’74 lOOOAc.
1872 to’75 Various
For various city improvements
3,182,000
1873 to’70 lOOOAc.
Water works loan, coupon and registered
Funding loan
Consol loan
Local improvement funding loan
do
do
Notes and certificates of
.
5.000
410,000
100,000
5,000
150,000
1,000
1875
1882
1885
Rockland, Me.—Municipal bonds
Raili’oac. loaiM$20,000 payable yearly)
50
100
100
100
1809
1871
1872
015,150
Ac.
Ac.
Ac.
52,000
59,500
54,100
105,852
Ac.
i
deposits
St.Louis—Renewal bonds ($lb0,0u0only are7s.)|18G8 to’79 Various
11882-83-85
oo
I-
do
do
18^7
ilS58 to’75
bonds)
Refunding water pipe, special tax, gold
Floating debt ($9u0,0(h) are gold)
j
Real estate ($ .0,000 are gold an l $25,000 5s)|
Bridge approach bonds (gold)
j
Bonds for St. L. Gas Light Co., judgm’t.£ or $
8t. Louis County bonds—County Jail
I
do
do
General purposes, gold!
Park bonds, coup.,;gold
!
Joseph Mo.—Funding bonds
Funding bends
81.
;
1808
1858 to’< d
1870 to ’72
1874
1853-74
1875
1872
1,080,000
1,709,000
1,000
1,000
1,000
950,000
500,000
1872
1875
1.000
600,000
1,000
1,900,000
811,550
1881
1,H9,761,597
1,168,443,137
l/2<’3.911,005
.$218,536,746
202.673.866
$22 50
24 00
.1/254,491,849
253,148,814
State a City.
22 60
2 16
Net Debt,
Dee. 31*
$94.4"6,228
93,031.951
90,395,031.
Less sinking fund.
The Legislature passed a law in 1885 that the indebtedness
not exceed 10 per cent of the assessed value of real estate, aud
should
this 10
theconstrued
bonds in the
?»er
o Include
of Common
cent was
by the
sinking
Courtfund
Pleas
as a part of
the debt. (V. 43, p.
(General Term)
Real
Property.
Years.
Estate.
1884
1885.
$7,505,514
$2,03> ,950
7,(-24,571
7,694,220
7,539,329
2,381.000
—Sinking fund, May, 1887, $05,613 ;
2,459,352
2,388,500
population 21,145 in 1880
9 00
9 00
9 50
10,-
653 in 1870.
Paterson, N. J.—Finances are
apparently in a sound condition
The assessed valuations, tax rate per $1,000, Ao., have been:
Years.
Real Estate.
Personalty. Tax Rate.
Al. AN.
A. A O
Various
J. A J.
A. A O.
A. A O.
J. AD.
J. AD.
1894 to 1914
1911, 1910
Apr., ’92, July,*93
Sept. 1. 1917
1901,1914 A1915
April 1. 1907
Boston, Nat. Bkof Republic
1898 A 1910
Norwich, Thames Nat. B’k.
Jan. 1, 1905
do
do
do
do
April 1, 1908
Ot, 1, 1913
do
do
1887-1904
City Hall, by Treasurer,
1887 to 1900
do
do
do
do
do
do
1887-1902
1887 to 1900
1901-1907
do
do
1887 to 1906
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Mextjantile Nat.
i
1887 to 1903
£ 1887
to 1905
1899
1905
to
1887 to 1904
Bk. Nov. 1,’87 to 1898
Mar. 1, 1902A’03
Various N. Y,
M. A N.
Various
New York.
J. A J.
A. A O. Phila., Townsend, W. A Co.
do
do
J. A J.
Various
Pittsburg and New York.
J. A J. New York, B’k of America.
1888-’89-1901
July 1, 1888
1893 to ’98
1908
1893 to 1912
1913
1912-1913
Dec. 1,1915
Pittsb’rg and Philadelphia.
J.
M.
J.
M.
F.
do
Aug. 1, 1912
J.
do
189'*, redeem.’87
1887 to 1911
1388 to 1899
1891
1902
On call.
1888 to ’99
1900
1902-’03-’05
1907
Various N. Y., Bk. Repub. A
4
3
City Treasury,
do
do
do
do
4
6 A 0 g.
Various
F. A A.
Various
0 g.
6 g.
6 g.
5 A 0
0 g.
4
rt
4
0 g.
0 g.
4
0
M.
•J.
J.
M.
J.
A.
A N.
A T).
A I).
A S.
A 1).
A O.
F.
A
do
do
IN.
A.
Bk.Com.
N. Y.,Nat. Bk. of Commerce
do
do
do
do
N Y., Bk. Com. A Bk. Repub. May.1888 tol906
N. Y., Nat. Bk. of Republic.!
Aug., 1898
1888 to ’95
N.Y.,Nat. Bk. of Commerce
18 O A 1892
New York and St. Louis,
do
do
July 1, 1894
1888 and 1894
New York or London,
1895
do
do
Dee. 10. 1892
N. Y., Nat. B’k Commerce j
New York and London.
! June 1,1905
N. Y., Nat. B’k Commerce.|
Sept. 1, 1888
do
do
|
Y., Nat. Bk. Commerce,
do
do
June, 1892
April 1,1905
Aug. 1, 1901
Aug. 1, 1903
-'M’lou-iny table Rio assessed value of real estate is near its cash value:
Real Estate.
Persoualty.
Years.
Tex Rate.
18*4.
$J,884.578
$ '>73,7*28,105
$18 50
587,749,823
10,035,600
.
18 50
601,001,971
10.307,644
18 50
18 50
61«059.9«7
10 61^ 225
644,063,374
3,149.605
Assessed valuations of property.for 1887 were: Full city property,
$5: 9,587,035; suburban property, $40,203,885; farm property, $18,888,392. Tax rate, $18 50.
Population, 1870, 674,022, against 847,1885...
1886
1837
170 in 1880.
debt, $670,500 Dec. 31, 1886. Population,
45.000.
Pittsburg.—Total debt Jan. 31, 1887, was $13,200,823 ; net;
$11,165,*70. Tiie assessed valuation in 1881 was: Real property;
$105,404,720; personal, only $1,838,258; tax rate, 1884, $10 per $1,000
Valuation of real estate in 1885, $108,530,608; personal, $3,000,000;
tax rate, $13. Total valuation in 1886-37 about $130,000,000; tax
fate $14. Valuation of real estate in 1887-8, $132,269,000; personal.
$2,464,000; tax rate, $18. Population, 156,389 in 1880; 80,076 in
1*70, and on July 1, 1887 (estimated), 205,000.
Portland) Me.—'The sinking fund and available assets March 31,
1887, were $147,627, not including $1,350,000 P. A Og. RR. bonds.
Tax.
The city is protected bv mortgages on Atlantic A St. Lawrence Railroad.
$9 00 Population in 1880, 33,810; 1870, 31,413; 1887 (est.), 40,000. The as¬
and tax rate per $1,000 are:
Real Estate.
Years.
Personalty. Tax Rate.
1883
$9,776,197
$1;722,492
$20
1884
1,494,483
20
10,086,898
1885
12,307.131
18
1,399,550
1,739,030
1886
11,963,450
18
1887
12,094,205
1,642.820
18
—Population by U. S. Census in 1370, 19,229 ; in 1880, 21,966.
are: of
Norwich, Conn.—The valuations, tax rate,
per $1,000. Ac.,Rate
Personal
Norfolk, Va.—The assessed valuations
AO.
305
0 A 7
903,000
....
*
41; V. 44, p. 204 ; V. 45, p. 86.)
Norfolk and Baltimore,
do
do
do
do
Norfolk.
New York and Norfolk.
A.
4 A 5
6
0
0
405,000
1,009
Tax p $1,000
Various
A A.
A J.
Semi-an
J. A J.
F A A.
M.A S.
800.000
1.830,000
■
1885
Personal
Estate.
217,027.221
1,000
1,000
" 1883
Whom.
.
3 k}
0
0 g.
401,000
1803
Pay’ble
*-T
4,415,000
042,000
310,000
Payable and by
A D.
Pittsburg, Treasurer.
A N. Bos., MaverickN.Bk.orPtld Nov., 1887, ’88
do
do
A J.
July 1, 1897
do
do
A S.
Sept. 1, 1907
1S87 to 1397
0
Boston and Portland.
m’nthly
July 1, 1912
4
J. A J.
Providence.
Jan., 1893
5
J. A J.
J ill v, 1900
5 A 0 g. J. A J. Boston, Prov. an t London.
Julv, 1900
5 A6g. J. A J. N. Y., N. City Bank, A Prov.
Juiv 1, 1906
do
5 g. J. A J.
do
N. Y., Bost. or London.
Sept. 1, 1916
3k} g M. A S.
5 g. J. A J London, Morton, Rose A Co
July 1, 1895
June 1, 1899
J. A D.
Providence,
4k}
Julv 1, ’99 A 1900
do
5
J. A J.
1892
do
/
.1. A J.
Mav 1, 18*3-89
4 k>
Various
Boston and Providence.
J. A J., 1867-1914
0
J. A J.
Richmond, Treasurer,
1904-1911
8
J. A J.
do
do
do
do
5
A J.
July, 1914-’20
j
1920
4
1888 to 1903
N. Y.. Union Trust Co.
7
J. A J.
Feb. 1, 1893
F. A A. New York and Rochester,
7
1887 to 1902
do
do
Various
7
Jan. 1, 1903
J. A J.
N. Y., Union Trust Co.
7
Jan. 1, 1905
do
7
J. A J.
5
Various
1,000
■
6 A 7
4 A 5
5
4
0
6
0
1,0 24.000
913.000
500
Real
Estate.
Years.
4,50(5,000
1880
do
General purposes
Tower Grove Park bonds (gold)
Sewer ootids ($336,000 are gold
New water work bonds (gold)
4*2
7
Bonds
Renewal bonds
42,000
100,000
Richmond, Va.— Bonds, reg.,($118,000 are coup.)
Bonds, reg. and coup. ($213,500 are coup.)...
New fives, 10-34 years, registered
-
5 1,500
4
7
0,498,800
1,000
I
Where
5, 0, 7
450,000 5, 0 g., 7
100 Ac.
25 Ac.
500 Ac.
When
Various
J. A D.
7
251,000 4,4^2 A 0 Various
0
J. A J.
2,217,220
A J.
0
504, 00
6
J. A J.
6,401,800
J. A J.
0
3,830,000
6
J. A J.
8,403,200
6
J, A J.
11,700,500
6
J. A J.
10,241.100
0
J. A J.
3,500,500
393,500
291,500
....
Island Railroad
Pittsburg—Water exten. loan (coup, or reg.).
7
70.000
....
Water loan
Peoria A Rock
Prin cip al—When
Due.
Amount
Size or
par
Value.
Peoria, Ill.—Total
29.259 in
1880; 22,849 in 1870; in 1886 (estimated),
sessed valuations, tax rate, Ac., have been:
Personal Rate of Tax
Real
Estate.
Years.
Property, per $1,000.
$20,431,300
20,794,300
21,208,000
1880-87..
21,571,000
Total
Sinking
Funds, Ac.*
$4,371,000 $133,846
106,408
4,280,000
4,285,500
162,986
3,942, 00
147,626
Debt-
$12,598,720 $20 00
12,014,435
20 50
11.759,525
21 00
11,862,200
21 00
the sinking funds for railroad loans.
These do not include
Debt.
$18,521,342
$3,876,075
$^5 00
$1,168,500
Providence, R. I.—The principal debt of Providence has been cre¬
19,205,501
3,816,500
25 00
1,168.500 ated since ’72 for water works, sewerage, the City Hall and Brook Street
19,549,111
3,891,115
25 00
1,165.000 Improvement. The sinking fund for bonds due m 1893 is $333,367;
20.467J76
3,913,863
25 00
1,167,000 1895-99, $719,561; 1899 1900, $141,178; 1900-06-16. water loan, $452,275.
The laws of Rhode
Population, 1870, 08,904; 1885, 118,070.
—Population, 51,031 in 1880; 33,579 in 1870.
I Island now limit the debts of towns to 3 n. c. of their assessed valuation.
Philadelphia.—Jan. 1, ’87, the funded debt was $59,369,620. in the
*
CITY
September, 1887.1
Subscribers will confer
SECURITIES.
great favor by giving immediate notice of any error discovered in
these Tables.
a
DESCRIPTION.
Date of
Bonds.
Size or
par
Value.
St. Paul, Minn.—Bonds
Bonds
do
-
do
do
INTEREST.
Amount
outstanding.
1881-85
$1,000
1870 to ’85
1.000
1868 to’81
500&C.
1864 to ’78 Various
1I86O to’79 Various
1
1886
1,000
*■
Waterworks coups, (acts Feb.,’81 A Jan., ’83).
Salem. Maas.—City debt
Water loan
1882-4-5
Various.
1868-9
1878
San Francisco— Bonds of 1858, coupon (gold)..
1858
Central Pacific Railroad, coupon (gold)
1864
Western Pacific Railroad,
do
do
1865
School bonds
1870
School bonds
1874
Park improvement bonds
1872 to’75
Hospital bonds
1871 to’73
House of Correction bonds
1874
-
do
1864.
City Hall construction
Montgomery Ave (special tax)
Dupont St. (special) (Act March 4, 1876)
1873-74
1876
1879
Savannah, Ga.—New compromise bonds
.
523,747
Water loan
559,500
375,000
1,000
398.500
99,000
174,000
Large.
6
5
6
7
7
7
0
6
g.
g.
g.
g.
gg-
6 g.
7 g.
5
A.
J.
J.
J.
M.
J.
J
J.
M.
J.
Personal
Tax per
Property.
$31,722,000
30,854,400
$1,000.
$14 50
48,000
4bj
63,000
6
6 A 7
7
4 to 8
6 A 8
73
140,000
976,000
....
296,000
432,000
1,000,000
14 50
J.
$1,631,400
1,843,785
14 50
31,314,600
1,438,328
14 00
32,281,500
9.685,317
1,701,985
Richmond, Va.—In 1886-7 real estate valuation, $33,517,807;
personal, $14, >75,848: tax rate per $1,000, $1*. In 188"», real estate,
$32,347,8(>3; personal, $13,751,606; tax rate, $14. Population, 63,600
in 1880; 51.038 in 1870.
Rochester.—Total funded debt, $5,309,000 July, 1887.
The bonds
of Genesee Valley RR. loan, $132,000, are provided for
by net receipts
from a lease of said road to Erie Railway.
Population, 89,366 in 1880;
62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, Ac., have been :
Real
Personal
Tax per $1,000
Total
Years.
Estate.
in old Wards.
Property.
Debt.
1883.... $36,166,200
27*65
$1,817,200
$5,354,000
1884....
37.270.850
32 22
1,77*1,100
5.284,000
1885
38.563.020
2,389,050
30*98
5,399.000
1886....
72,171,975
3,345,000"
15*22
5,459.000
1887
72,8 *. O.i.OO
16*45
4.529,000
5.3 >9,000
In 1886 real estate valuation was at 80 per ct lit.
Population in 1887
Various
Various
M. A N.
Various
5
A. A O.
Population, 7,599 iu 1881; 7.074 in
1887,
was
$1,740,200.
The assessed valuations (in 1887 one-half of actual
valuation) and
tax rate per $1,000 for three years were as below :
Real estate.
Personal.
Tax rate.
$7,586,650
7,873,150
1887
(V. 43.
—
...
p.
15,o00,0o0
$3,678,193
3,700,222
$23
21
50.)
Loul«.-Population by the United States census in 1870 was
310,864, against 350,518 in 1880. The city and county were merged
by law in 1877 and city assumed the county bonds. A claim of the
St. Louis Gaslight Company for gas furnished,
amounting in all to
about $882,000. with interest to March 31, 1882, was decided
against
the city in 1880 au ip aid. $548,000 renewal bon is, due
1900,are redeem¬
able in 1890; $913,000, due 1902-1605, are redeemable
1892-18->5. Of
the bonds as given above, $2,348,000,
maturing in 18*8. will 0<* redeemed
with proceeds of the $4,415,009 bonds of 18*7.
In addition to the bonds
as given iu above table, there a>e the
following: $10,000 Hospital, es,
due in 188*; $44,000 Harbor, 6s, due I818;
$>5,000 Caiondelet
indebtedness 6~, due 1895, and $100,000 Fire De t., 6s,
due 1895.
Assessed valuation of property and tax rate have been:
Real Estate /—Rate of tax per $ 1 ,000.-*
and Personal
New
Old
1886
1887
Property.
$211,480,710
.
207,526,000
214,427,690
216.778,670
—(V. 44, p. 586; V. 45, p. 26.)
Limits.
$5 00
5 00
5 00
5 00
Limits.
$17 50
17 50
17 50
17 50
St. Paul, minu.—Population in 1870 was
22,300;
in 1887 the local estimate of
population is 148,017.
tions of taxable property and tax rate have been:
Years.
1883
-
Real Estate
Property.
$31,000,000 $12,900,000
47,000,000
14,263,565
per
in 1880, 41,498
Assessed valua-
$1,000.
$24 50
16
Bonded
Debt.
$22,10 >,000
22,016,000
22,942,000
22,105,000
Rate of Tax
00
50,512,212
19 50
14,291,946
:
68,539,570
15,584,481
17 50
Valuation of real estate is about one-half of true value.
(V. 44, p. 473.)
1885
-
Personal
.1
one
1897 A 1904
Nov. 1, 1891
July 1, 1894
1899
San.F.A N.Y.,Laidlaw A Co.
do
do
do
do
1,1S90
July 1, 1894
1896
Feb. 1, 1909
1887 to 1896
1387 to 1906
1887 to 1889
1887-1890
Apl. 1.’94, to 1905
1887 to 1893
1888 to 1913
do
do
1889-1892
do
do
May. 1900
do
do
1893 to 1899
do
do
Oct.. 1913
C.Treas.A Boat. Melds.’ Bk. Jan 1. ’88 to 1905
do
do
1899 to 1905
do
do
Jan. 1, ’88 to 1915
N.
Y., Imp. A Trad. N. Bk.
$i3.283.50‘ ; personal, $12,937,024; total, $26,220,523;
tux rate in 1887, $16 uO.
San
1 ax
estate,
rate, $15 50;
Francisco.—Population. 233,959 in 1880; 149,473. in
1870. The
Avenue and Diluent Street bonds are special issues
charge¬
able only on the assessment of
property benefitted, and suits were in
progress October, 1*84, to determine their
legal
status. Sinking funds
raised annually amount to over $238,000, the
amount on hand June
30,
1886, being $901,933. The assessments for four
years and tax rate (per
$100) are given below. The following valuations are made
by the city
and county, the valuations by the State
boing different, but the tax rate
below includes that for State
purposes :
Montgomery
Realty.
$155,834,879
151,894,908
158,723,269
161,495,888
171,416,426
Total
Personaltv.
Tax Rate.
$66.59,8.521
50,267,099
62,272,531
$18 05
18 02^
16 97^2
59,013,672
56,192,922
15 75
15 95
Savannah. <Ja.—Default was made on interest Nov.
1,1876, in conse¬
quence or yellow fever and non-collection, or taxes. The
compromise
gave new 5 per cent bonds for the face of old
bonds; and for interest up
to Feb. 1, 1879, 58 per cent of the
face value in similar bonds;
also,
there are $386,500 of fives issued in
exchange for \tlantio A Gulf
RR. bonds.
Assessed value of real estate and tax rate
each year
have been as follows: In 1881,
$10,500,000, $25; 1882,
$30;
1883, $10,900,000, $30;
$13,000,000, $21 25.
iu 1880.
m
$19,650,000.
1884, $L2,500, »OJ, $30; iu
Population iu
1885,
1870, 28,235, against 30,709
22
St.
Years.
1884
1885
July 1, 1894
May 1. 1895
,
L870.
iu 1870. 19,565; in
1887, est male l 00.000. A compromise of the debt was made in new 4
per cent bonds, which are given for the full principal and interest of
old bonds. June 30, 1887, there were in addition to bonds
given above
$26,650 small issues and unpaid coupons. The net debt iu August.
.Tan. 1, 188S
Salem, Mass.—In ad litiou to the debt as above given there were
iu l)ee., 168
$ >6,936 trust funds, payable on demand The
sinking
funds Feb., 1887, were $431,470,
mostly consisting of City of Salem
b lids.
Population, 27.563 in 1880; 24,117 in 1*70. Tux
valuation,
1882. $25,528,242; tax rate, $15 50. In 1883 valuation.
$25,614,115;
tax rate, $16.
In 1884 valuation, $25,360,772; rate of
tax,
50. In
$17
18*5 real estate valuation,
$12,831,300; persom.l, Ac., $12,234,830;
total, $25,066,130; tax rate, $16 50. I11 1886 valuation of real
Rockland, Me.-Valuat’n of real and personal estate, 1885, about
$3,900,O0o: tax rate. $26 per$1,000; 188(5 valuations, $3,788,780; tax
Joseph, f!Io.— Population in 1880, 32.431;
Jam, 1888 to 1895
Apl. 1, 18S8-1898
July 1, 1904
Salem.
Various Boston, First National B’k.
A. A O.
A. A O.
about 1.5,000.
St.
City Treasury.
Various
....
rate, $22 50 nor *1,000.
A J
4, 5 A 6 Various-;
735,000 4, 413, 5 Various
655,500 3b>, 4,5,6 Various
Funds, Ac.
....
do
do
’
1907 to 1912
1897 to 1915
1888 to 1904
1887 to 1903
1893 to 1904
1916
1912 to 1915
do
do
do
do
do
do
O.
do
do
J.
do
do
J. San F. A N. Y„ Laidlaw A Co.
J.
do
do
N.
do
do
1).
do
do
J.
de
do
J.
do
do
N.
do
do
J.
do
do
do
do
6 A 8
475.000
1,943.400
Assetsin Sink.
$9,941,188
9. *90,6 S3
9,563,188
Exch’ge Nat. Bk.
3,397,500
N. Y.t Eugene Kelly
Q-F.
A Co.
1,170,000 4, 5,5bj,6 Various Boston, Nat. Security Bank
335,000 4, 5, 082 Various
do
do
1,000
Total
Debt.
Due.
....
,
Real
Years.
Estate.
1883.... $90,14 <,400
91 642,100
1884....
1885.... 92,8*7.400
1886.... 97.975,900
A
A
A
A
A
A
A
A
A
A
Princi pal—When
Payable, and by
Whom.
Various
4, 5 A 6 Various
407,500
....
...
Pay’ble
4^3
6 g.
7 g.
1,200,000
....
Where
Various N. Y. Am.
Various
do
Various
do
Various
do
Various
do
150,000
1,000
Toledo A WoodviLie Railroad. coupon
Water works ($3,000 only 6s)
'73/74A79
Bridge b nds (redeemable after 1893)
1883-’84
Worcester, M.—City, ($521,500 c., $1,521,900 r.) 1861 to ’83 500 Ac.
8ewer debt (all registered)
1870 to’8t>| 500 Ac.
Water debt, reg
1870 to ’85 500 Ac.
When
4 A 5
100,000
285,000
200,000
475,000
210,000
....
1875 to ’86
1874’77
1870
Floating d' bt refun ting bonds
100 Ac.
100 Ac.
Large.
1,000
....
.
l,50(f000
100 Ac.
Various.
....
.
425JOOO
1,000Ac
919,000
.
Water loan ($200,000 are 6 per cents)
Railroad loan
Toledo, O.—General fund city bonds, coup
263,125
1,579,000
....
Springfield, Mass.—City1' notes
City b onds
4
5
6
7
8
901.600
468.000
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
500 Ac.
187;> to’76
Rate.
$81,000
1
8
2
3
4
5
.
6
348 1881
do
Somerville, Mass.—City debt
13
Total
Debt.
$2,328,040
3,027,140
3,815.640
4,521,057
Somerville, mass.—Total debt, Jan. 1, 1887, $1,525,000; sinking
fund, $581,052.
Property valuation iu 1882, $23,162,200; in
$23,812,900; in 1884, $24,331,100; in 1885, $25,907,7o0; in 1883.
1886,
$26,003,200. Tax rate in 188 ) an i 1886, $15 40.
Except $L40,000
5s in $1,000 pieces and $399,000
4s, all bonds arc in $2,009 to $50,000
pieces. Population 21,933 iu 1880; 14.635 in 1870.
Springfield, mass.—Total funded debt, Jan., 1887,
cash assets, $119,73 4.
The railroad debt falls due $20,009 $1,451,000;
each
Population in 1885, 38,000; 1870, 26,703. Tax valuation aud year
rates
have been-:
Years.
1381
1332
1883
Real Estate.
.
1385
L'86
$23,795,920
25,034,420
25,676,800
26,201,150
.
26,969,800
27,638,760
Personal
property.
$8,935,850
9,198,258
9,260.459
8,792,666
8,827,966
9,143,412
Tax rate
per
$1,000.
12
12
12
14
12
12
50
50
50
00
80
80
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, Jail., 1887, was $3,188,484. Of this
the debt
payable by special assessments was $150,009
111 addition to bonds
as given above, there
are $29,000 6s, due 1891 and ’92, and
$3 000 5s,
due in 1888, 1895 and 1905, aud
$50,000 4s., due in 19o7. Taxable
valuation 01 real estate, 1885,
$21,733,240; personal, $8,157,060;
total
valuation. $29,930,300; tax rate. $28
per $1,000.
Valuation,
$22,179,770; personal, $3,118,620; total valuation. 1886,
$30,298,39J; tax rate, $28. Population, 50,137 in 1880; 31,584
in 1870.
real estate,
Worcester, mass.—Total
funded debt, Jan. 1, 1887,
1, 1386, $1,296,833, including $86 ),846 iu $3,508,700.
sinking fund.
Population, 68.383 111 1885, 58,291 in 1880, 41,105 iu 1370.
Tax valu¬
ation in 1332, $45.504.512; tax
rate. $17 40 per $1,00)
In 1883,
$48,570,335; tax rate, $17 20. In 183 4, $50,773,175; tax
rate, $16 60.
In 1885, $52,714,910; tax
rate, $13. In 1888, $51,566,389, tax rate,
Case
assets Deo.
$18.
great favor by giving
Subscribers will confer a
explanation of column
on
first page
headings, &c., see notes
of tables.
Ala. N. O. Texas dk Pacific June.—1st debentures ...
2d debentures
Ala. Ot. South'n.—1st mortgage, coupon
Debentures,
Albany <£
gold
Susquehanna—Stock
1st mortgage
Albany City loan (sinking fund, 1 per
Consol, mort. (guar. D. &H. endorsed
ct. yearly).
bonds)..
on
Allegheny Valley— Stock
General mortgage (Riv. Div.)
Bonds to State Pa. (endorsed) 2d mort.. East
1st mort., East’n Extern, guar, by Pa. RR
ext.
Miles
of
Date
of
Road. Bonds
233
290
209
142
142
142
259
132
110
110
259
Funding income bonds, with traffic guarantee
27
Amador Branch— 1st mortgage
Asheville
Spartanburg— 1st mortgage
62
Ashtabula dk Pittsburg — 1st mortgage, coup, orreg..
254
Atchison Col. dk Pacific—1st mort., guar
34
Atchison Jewell Co. <f: West.—1st M., guar. C.B.U. P.
2,5 6
Atchison Topeka tS: Santa Fe—Stock
470
gold, ($15 000 p. m.)
Land grant mortgage, gold. ($7,500 p.
1st mortgage,
—
(secured by $030,000 plain bonds)
Sinking fund bonds (secured by mort. bds.)
Sink, fund bds. (secured by deposit of mort. bds.)
Collateral trust bonds., gold (V. 44, p. 245)
S. F. bonds
Mal t, bonds on Chic, property(t?i0,ou0,00d)
Wichita <fc Southwest., 1st M.,gold )
Kans. City Top. At W. 1st M., gold
do
do
income bds. ^
Pueblo
Ark. Valley, 1st M.,gold
Pneh A’ A. V.. 1 st (<fe 2d on 1 4-8 m.
I
Guar.reutal
Texas Ac Pacific
1882
ls84
1878
1886
i863
1865
1876
27
66
282
282
Size,
or
Par
Amount
1877
1885
1878
1879
1879
1869
1873
1880
1380
1880
1881
1887
1387
1872
1875
1875
1875
1378
,
Outstanding
Value.
Rate per
When
Cent.
Payable
$7,128,000
2,23*2,000
1,714,000
£100
£100
$1,000
£100
131,000
$100
1,000
1,000
1,000
3,500,000
-
DIVIDENDS.
pal, When Due.
Stocks—Last
Where Payable, and by
6
6
6 g6 g.
3ht
London.
do
J. Ai D.
T. Ai J. N.Y.,Farmers’ L. & T. Co
London.
F. Ai A.
J. Ai J. N. Y., B’k of Commerce.
J. Ai J. N.Y.,Del. AiHud.Can.Co
do
do
M. At N.
do
do
A. Ai O.
100,000
1,000
100 .fee.
1,000
«
•
•
At j.
6
r.
1,000
1,000
1,500,000
4,070,000
F. Ai A.
1,000
542,000
6
6
6
100
500 Aic.
500 Aic.
500 Aic.
1,000
1,000
1,000
1,000
75,000,000
7,04 1,000
2,426,500
108,500
1,007,000
3,519,000
4,687,000
12,142,000
100 Aic.
6,500,000
1H
Ai J.
J.
4^
A. .fe O
6
5 g.
J.
7 g.
7 g.
J.
J.
(?)
412,000
854,000
1,000
1,633,000
7 g.
1.000
1.942.000
7
200.000
Q.-F.
Q.-F.
Q.-F.
7 g.
7 g.
7 g.
5
5
1,000
1,000
controlling the Vicksburg
miles; N. O.
Orleans, 11
Paoine
The
Alabama Great
RR., 295
miles; entire system, 1,157 miles. The preferred or “A” shares are
£1,500,000, having a preference for 6 per cent dividends and cumu¬
lative, and the deferred or “B” shares £2,500,000; par value of all
shares £10 each. The first debentures are redeemable any time at 115,
on six .months’ notice.
The company holds the followingsecurities, viz.:
Cin. N. O. At Texas Pacific $532,000 stock; Vicksburg At Meridian,
$245,000 1st mortgage, $105,000 2d mortgage, $416,500 3d mortgage.
$1,464,300 preferred stock and $363,000 common stock; of Vicksb.
Shrevep. At Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,000 stock; of N. O. At North Eastern $4,900,000 1st mort. and $4,320,000 stock; N. O. Spanish Fort At L. RR. $300,000 1st mort. and $200.‘OO
com. stock.
Report for 1886 in Cjikoxiclr, V. 45,p 52. (V. 45, p. 52.)
Alabama Great Southern.— (See Map Ginn. N. O. dk T. P.)— From
Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatchie
total operated, 295 miles. The Alabama &
to Chattanooga, 5 miles
Chattanooga RR. made default Jan. 1, 1871, and road was sold under fore¬
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is
controlled by an English company of the same title. The lands were
conveyed in full settlement to the holders of the $2,000,000 of Alabama
State bonds. These lands (about 550,000 acres) are held by trustees.
(V. 30, p. 117.) The debentures are made exchangeable for any mort¬
gage bonds that may be created subsequent to the debentures.
Capital
April 1, 1907
June 1,1907
Jan. 1, 1908
Aug. 15, 1906
July 1, 1887
July, 1888
•
500.000
Map Cinn. N.O t£ T. P.)— L'his is an English C<».
& Meridian, 142 miles; Vicksburg Shreveport At Pacific, 189
& North Eastern, 195 miles; and Spanish Fort E’y, near New
miles. It also controls the Cincinnati New Orleans Ac Texas
Railway Co. (lessee of the Cincinnati Southern Railway).
manage¬
ment of the company is the same as that of the
Southern RR. Length of roads, 862 miles; add Ala. Gt. Southern
•*
A. Ai O.
m
1,000
Junction (Limited).—(See
Dividend.
Whom.
7
998,000
1895-’97
6
1,000,000
April
1. 1906
8,488,000 6 g. At 7
J
2,166,500
March 1, 1896
7*30 J. At J. N, Y.,Win8low, L. .feCo.
4,000,000
5
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
2,3'»0,000
April 1, 1910
A. Ai O. Philadelphia or London
7
10,000,000
Oct. 1. 1894
A. Ai O. Pittsburg, Co.’s Olfiee.
7
9,723,100
J. Ai J. N. Y., Cent. Pacific RR. Jan. 1. 1907
6
675,000
50
1866
1870
1871
1874
1870
m.)
Consol, bonds, gold, ($7,500 p. m.)
Bonds, (secured by mort. bonds) $1,185,000
Alabama N. O.
discovered In these Tables.
Bonds—Princ.
Immediate notice of any error
INTEREST OR
DESCRIPTION.
For
[Vol. XLV,
SUPPLEMENT
INVESTORS’
14
7
<r
g.
A. Ai O.
A. Ai 0.
A. At O.
M. Ai S.
.fe D.
F. .fe A.
F. Ai A.
1925
Aug. 1, 1903
May 1, 1905
May 1, 1905
N.Y.,Un.Pac. RR office.
Aug. 15, 1387
Boston, V. Y. & Chic.
duly 1, 1899
Boston, North Nat. Bk.
Oct.
1, 1900
do
do
April 1. 1903
do
do
April 1, 1909
Boston, Boston Nat. B’k.
Sept. 1, 1920
do
do
Oct. 1. 1920
Bost. Safe Dep. AiTr. Co.
Dec.
1, 1911
Boston, Co.’s Office.
Feb. 1, 1937
Phil., Fid. I.T. Ai S.D.Co.
N.Y., Un. Pnc.RR.Office
Ai J. Boston, North Nat. Bk.
Ai J. Boston, Everett N. Bk.
do
do
M. Ai S.
J. Ai J.!Bost.,N. Bk. of N. Am’a
do
do
J. .fe J.
July 1, 1902
J uly 1, 1905
1, 1906
July 1, 1905
July 1. 1905
Mar.
Kan., to Burr Oak,
Atchison Jewell Co. & West.—Jamestown,
Kan., 3 4 miles. Under same auspices
as
.fe Pacific. Stock, $202,800, of which Union
owns
tal is $34,000 ner annum.
and control
Pacific
Atchison Topeka
Ac Santa
Atchison Colorado
$L05,000. Ren¬
Fe.—(See Map.)—Line op Road.—
of the l ues
A complete detailed statement
31, 1836, was given in the Chronicle,
of road operated on Deo.
Yr. 41, p ^53 ». Toe totals of the
follows: Atchison. 1.845*50 miles; Southern
diff-rent systems are as
Kansas, 630*30 miles—total, both systems
sas Ai Western, 401*23 miles ; Sonora, 350 19
;
with other companies ( mo-half of 192*08
3,373*26 mil *s. The results on all these systems
2,526 miles; Chicago Kan¬
miles roads owned jointly
miles), 96*u4 mil<*s: total,
(except the Chicago
Kansas .fe Western, under construction in 1886) are included in the
Atchison Topeka Ac Santa Fe report. In addition to do above, the
Atchison Company owns exclusively the Gulf Color ido Ac Santa Fe RR ,
847*30 miles, an l is p irt own**r of the California Southern RR.. 210 61
miles, and the Atlantic A Pacific RR., 917*75 miles. The op rations of
these thr.*e roads are, however, kept entirely distinct fr >m those of the
other systems
and are not, given in
the Atchison’s reports.
The roads
follows: Operated directly (Atcluson Topeka Ac
Kansas), 2,526 miles; operated indiiectly, 847
partly
miles; owned and
owned, but operited by separ ite coin >anies,
1,075*66 miies: grand total, 5,349 miles. (S'nce Jan. 1, 1887, about750
miles of new road have been completed.) The Oali'ornia Southern gives
a through route to the Pacific coast at San Diego, via the Atlantic Ac
Pacific RR. The Gulf C »1. Ac Santa Fe road was bought iu April, 1886.
Organization, Leases, Aic.—The A. T. Ac S. Fe. Co. was incorporated
March 3, 1863, and iucltides the Atchison Ac Topeka RR.. incorporated
may be summarized as
Santa Fe a id Southern
received by Act of Kansas Feb. 9,
was opened Dec. 23, 1372. The
line is nominally under different cor¬
stock—common, $7,830,000, and preferred 6 per cent, $3,330,350.
Gross earnings in 1885, $1,076,18*; net. $128,140. Gross in 1886, porations, of which the ownership is vested in the A. T. AcS. F.. and the
roads also leased to that Co., and interest on the bonds usually paid as
$1,215,195; net, $276,798. (V. 42, p. 727).
rental. The Southern Kansas and the Sonora systems are not leased,
Albany Ac Susquehanna.—Road owned from Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches operated Duanesburg Junction, but are controlled by ownership of the stock.
Too iiseal 'ycar ends December 31.
N. Y.t to Schenectady, 14 miies; Cobleskill, N. Y., to Cherry Valley, 21
In Aug., 1884. an agreement was made for the oontrol of the Mojave
miles; operates Lackawanna & Susquehanna RR., 22 miles; Ease Gleuville to Coons, 10 miles; total operated, 209 miles. Leased in perpetuity Division of the, Southern Pacific aiula right for traffic over the Southern
from Feb.. 1870, to Delaware & Hudsou Canal Co.; rental, 7 per cent Pacific to San Francisco. In 1886 ttie Atlantic Ac Pacific 1st mortgage
on stock and interest on bonds.
Additions and betterments charged to hondi itercst was reduced to 4 percent and the b mib guaranteed onolessors, and cost made part of investment. The consol, mort. is for $10,- lialf each, severally but not jointly, by the Atchison an l Sau Francisco
000,000, of which $3,000,000 are 7 per cents, currency; the principal of comp mies. See Atl. Ac Pac. and St. L. Ac San Fran, in this Supplement.
Iu April, 1886, the;G. C. Ac 8. F. was purchased by the Atchison Com¬
the 6s. is also payable in “lawful money,” but the interest in gold. Gross
earnings in 1885-86, $2,841,409; net, $1,202,770; surplus to lessee after pany by the exchange of G. C. Ac S. F. stock for Atchison' stock, $3,000,oooin all.
Sec official circular, V, 42, p. 630.
all payments, $259,760. (V. 43, p. 580; V 45, p. 180.)
Stock and Bonds—'The stock has been increased rapidly to present
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Driftwood, 110 miles; others, 17 figures for the acquisition of the auxiliary lines and by way of stook
miles; total operated, 259 miles.
The company became embarrassed dividends. In August, 18s7, there was offered to stockholders
In 1874 and compromised with its creditors.
It still falls short $10,000,000 new stock at par, raising the whole stock Jto $75,000,000
of earning interest liabilities. Of the income bonds the Pennsylvania as above when all issued. Dividends have been—in 1879, 3 percent;
RR., Northern Central and Philadelphia At Erie hold $6,087,000, the in 1880, 8*2; in 1881, 6 cash and50 stock; in 1832 and in subsequent
interest on which was paid altogether in bond scrip. The coupons of years 6 per cent has been regularly paid. The range in prices of stock
guaranteed bonds held by the Pennsylvania Railroad for advances in Boston was—in 1*81, 92® 15441 in 1882. 78782>9618; in 1883,78®
amount to $5,232,710.
In 1886 the charges for mortgage interest and 864; in 1834. 59^^80: in 1835, 6343)89in 1886, 7978®100; in
1887, to Sept, 16. incl., 96^ *11978.
• / :
car trust payments were $1,115,604, income bonds ml; deficit in net
Such bond-* as are held in the company’s treasury, or leased line bonds
earnings, $432,384. In Mav, 1884, receivers were appointed at the
held as collateral for any of its own bonds given above, are not included
instance of the Penn, and other railroads as plaintiffs.
Tue land grant bonds receive the
From January l to Julv 31 iu 1887 (7 mouths) gross earnings were in the above amounts outstanding.
$1,103,867. against $097,602 in 188b; m t, $339, 10 6, against $346,984. proceeds of land sales in payment of interest and principal.
Tile sinking fund 5 per cent bonds due Sopt. 1, 1920, are plain bonds
In 1885 gross earnings were $1,780,133; net, $671,131.
In 1836,
(not mortgage) - and partly secured by deposit of $630,0 >0 plain bonds
gross, $1,812,729; net, $681,230; interest, $1,115,601; deficit, $432,331.
of Kansas city Topeka Ac Western RR. sinking fund is 1 per cent per
-(V. 4 s, p.546; V. 44, p. 21.)
annum, with which bonds are drawn at 101.
Amador Branch.—Galt, Cal., to lone. Cal., 27 miles. Leased till
The 4*9 per cents due October, 1920, have $l,6oO.OOO_ of the 6 per
Nov. 1, 1890, to Cent. Pacific; rental $3,500 per month. Stock, $675,000. Earnings in 1885, $31,243 gross and $L2,705 net
Iu 1886 g oss cent mortgage bonds of the Rio Gr. Mex. Ac Pac. and $500 000 of the
earnings $39,448; net, $13,124. Leland Stanford. Pres’t, San Francisco. RioGr. Ac El Paso roads as security, the sink. fd. being l1^ p ct. per an¬
num, rising to 3^ by 1910. with which bonds are bought or drawn at par.
Asheville Ac Spartanburg—(See Map Richmond dk Danville).—
The 6 per cent bonds due Dec. 1, 1911, have as security 1st or 2d mort.
From Spartanburg, S. C., to Asheville, N. C., 71 miles.
Formerly bonds
of a number of the proprietary or controlled railroads, at not
Spartanburg As Asheville; sold in foreclosure April. 1881, and reor¬ over $35,000 per mile, deposited in trust as collateral; they arc re¬
ganized. Stock $1,050,000. In 1883 the mortgage for $500,009 was deemed at 105 by the sinking fund, which is 1 per cent per annum till
made to build the 18 miles to Asheville; in 1835 a new mortgage for
1891 and 2 per cent thereafter.
$500,000 was authorized. Controlled by Richmond Ac Danville. Gross
The 5 per cent bonds, due April 1, 1909, are secured by the N. Mex.
earnings in 1884-5, $28,572; deficit, $4,611. Gross earnings in 1885-6,
Ac So. Pac. 1st mort. 7s.
$29,583; deficit, $5,527.
The collateral trust bonds of 1887 are direct bonis of the Atchison,
Ashtabula Ac Pittsburg.—Owns fro n Youngstown, O., to Ashta¬
oo.mpany, against which are deposited in trust the bonds of branch lines
bula Harbor, O., 62*6 miles, inis company was organized Sept. 25, 1878,
constructed in California and Colorado, not at any specified amount per
after foreclosure, and it is leased by Penn. Co., which pays net earn¬
mile, but “issue l for the cash cost only of the roads, including equip¬
ings to A. A: P. The common stock is $958,591 and preferred $700,- ment.” See circular in V. 44, p. 245.
000; par of shares, $50.
Gross earnings in 1886, $396,689; net.
Tue bonds of 810,000,000 on Chicago property are secured on ter¬
$133,753; interest. $90,000. Iu July, 18 "7, a a new organ zation was minals, Ace., in that city.
made by' consolidation of this road with the Niles Ac Alliance, Law
Interest <m tin* Sonora RIt. in Mex. (262 miles) 1st M. bonds is guaran¬
renee Ac Newcastle and New Brighton roads, under the title of Pitts¬
teed ; those bonds are at $20,000 per mile, of which $5,00o per mile arc
burg Youngstown Ac Ashtabula. <V. 45, p. 112.)
owned by the A. T. .fe S. F. Co.
Atchison Colorado Ac Pacific.—Waterville, Kail., to Washington,
Tne Cal forni <■ Southern 1st mortg bonds are guarantee l (by endorse¬
Kan., 20 miies; Greenleaf, Kan., to Logan, Kan., 155 miles; Logan to
ment on the bonds) as per the agreement of reorganization for that
Lenora, Kan.. 25 miles; Downs, Kan., to Ball City. Kan., 24 miles; Yuma,
Kan., to Warwick. 31 miles; total. 25 4 miles.
The road forms an exten¬ eompanv made in 1835. The. first coupon on the income bonds was
sion of the Union Pacific Central Branch, by which the bonds are guaran¬ paid September, 1387. Sinking fund of $25,uOO per year retires the
teed and the road is controlled, and the whole system is virtually owned first mortgage bon Is at 112.
The Wichita .fe Western, Wichita to Collison, Kan., 100 miles, is owned
by Union Pacific, but operated by Mo. Pac. Stock, $1,522,400, of which
jointly with the St. Louis A: San Frau., but bonds are not guaranteed.
U. P. and C. P. own $920,300.
Rental is $254,370 per annum.
Feb. 11, 1859. The laud grant was
1864.
The main line of 471 miles
whole system outside of the main
t3
.
bo/se ClTyl Hal i er
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ATCHISON, TOPEKA
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MEDICINE LODGE1
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Cruces
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Llano l Estac»ado
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L—^rn
K 1
K
i vi
SANTA FE R. B.
Santa Rosalia
ANT)
CONNECTIONS.
VA' ',‘i)f-'.LH2fiiSS5ES*S
Subscribers will confer a great
favor by giving Immediate notice
Miles
explanation of column headings, Ac., see notesj
on first page of tables.
Atch.Top. <& S.Fe—( Continued.)—
Kan. City Emporia & S..lst mort
)
Cow. Sum.A Ft. Smith, 1st mort
! G’rantee
Marion A McPherson, 1st mort
f rental.
Florence El Dor. A W., 1st M., gold.. I
Wichita A Western—1st mortgage coup
Date Size, Or
of
of
par
Road. Bonds Value.
r
64
I
92
93
[
26
45
46
372
262
210
Leav.Top.AS.W.—1st m.^guar.byAt.A^byUn.P.
N. Mexico A So. Pae.—1st M., gold, guar, rental..
Sonora. 1st mort., gold, interest guaranteed
California So., new >1. gold, guar.by A.T.AS F
1879
1879
1879
1877
1884
1882
1877
1880
1886
$532,000
1,000
798,000
713,000
775,000
1,000
1.000
761,000
1,000
1,000
1,000
1,380.000
4,425,000
1.000
4.050,000
1,000
1,000
2,106,000
3,5i»5,000
12,2 0,<*00
6,100,000
1886
1 886
V5
1-87
1879
100 Ac.
100 Ac.
1,000
500 Ac.
139
1880
1,000
18
42
1880
1886
1.000
1.000
100 Ac.
100 Ac.
100 Ac.
1877
1,000
500,000
1877
1880
1,000
4,250.000
1881
1886
350
1*86
15,000,000
2,940,000
1,6 *9,000
212,000
509,000
3,020,000
(0
(?)
1,700,000
100
269
265*2
265*9
80
Debenture certificates
Atlantic & Northwestern— 1st mortg.. gold, guar. ...
Atlantic<£ Pac. -A.A I\ guar, trust bonds, geld
Income.bds., non-cum’tive, W. J>. ($18,750 p. in.).
1st RR. A land gr. bonds on Cent. A Dio. Divisions
1st land grant bonds on Central Div. cumulative
Income bonds, Cent. Div., non-cum. ($18,750 p. m.)
Arizona Mineral Belt—1st M., gold ($2o,0<H' p m.
Outstanding
450
4 50
Mortgage bonds...
Income bonds, registered (not cumulative)
Atlanta <£ West Point—Stoeu
Amount
$1,000
1686
Income bonds
r
Chic. Kan. A West., 1st, gold, guar, by A.T A 8. F.
do
income bds. non-cum.($7,000 p. in.)
Chic. Santa Fe A Cal., 1st mort., gold, guar
Southern Kansas- K.C. J.aw. A So., 1st mortgage.
Southern Kansas A Western—1st mortgage..'...
Sumner County RR.—1st mortgage
Ottawa A Burlington RR.—lstinortg
S. Kan (Gulf Divis.)—1st. g’ld,guar.by A. T.A S.F.
Income bonds (not cumulative) $i,000 per mile)
Southern Kansas in Texas, 1st mort., gold, guar..
Atlanta a: Charlotte.— Stock (guar. 5 p. ct. by rental)
New pref. mort
The Leav. Top. A So
IVol, XLV.
of any error discovered In these Tables.
INTEREST OR
DESCRIPTION.
For
SUPPLEME NT.
IN VESTO RS’
1G
500
750,000
100
1,232,200
1,232,200
6,6 0,000
17,610.00 i
1881
£100 Ac
325
927
640
1887
1,090
I860
1871
50 Ac.
500 Ac.
il2
1871
500 Ac.
142
75
18*2
1886
1,000
1,000
1,180,905
796,629
2,100,000
(?)
When
Cent.
Pay’ble
Where
Payable, and by
Whom.
A J. Boston, North Nat. Bk.
do
do
B.N.Amer.
do
4 g. J. A J. Boston, Am.L’nA Tr.Co.
7 g. A. A 0 Boston, Everett Nat.Bk.
7 g. J. A J. Boston, Nat. Revere Bk.
6
J. A J. Boston and New York.
M. A 8
6
5 g* J. A I).
Boston, Office of Co.
«
May 1
5 g* J
A J N. Y., Hanover Nat. Bk
A. A O. Boston, Nat. Union Bk.
6
do
do
J. A J.
7
M. cV S
do
do
7
do
do
A. A O.
6
do
do
5 g. M. A S.
do
do
6
do
do
5 g. M. A S.
M. A S. N.Y. Central Trust Co.
2*9
do
do
A. A O.J
7
do
do
J. A J.
7
do
do
A. A O.
6
3
J. A J. Atlanta, Ga., atTreas’y.
do
do
J. A J.
6
5 g. J. A J. Loud.,Bat ing Rros.ACo.
4 g.
J. A J. N. V., Merca >’ Trust Co.
7 g.
7
7 g.
7 g.
6
J.
do
A. A O.
do
A. A O.
A. A O. Boston. Nat.
do
J. A J
_
6
6
6
6
6 g.
A.
M.
At
J.
J.
_
_
-
Bond s—Pri ncl -
pal, When Due.
Stocks—Last
Dividend.
July 1, 1909
1, 1909
1, 1909
Aug. 1, 1907
Oct.
Oct.
Jan. 1, 1914
Juiy 1, 1912
April 1, 1909
Jan. 1, 1910
Jan
1, 1926
Mnrch 1, 1926
June 1, 1926
J nn© 1, 1926
Jan. 1, 1937
Apr. 1, 1909
Jan. 1, 1910
Sept. 1, 1910
April 1, 1909
Sept. 1, 1926
1926
_
A O.
A N
Boston.
New York.
Mat
A 1)
A J.
Boston.
do
do
Sept. 1, 1926
S**pt. 7, 1887
April 1, 1897
Jan. 1, 1907
April 1, 1900
July 15, 1887
1891
1, 1937
1, 1937
Oct,
1, 1910
Nov. 1, 1891
Nov., 1901
June 1. 1922
Jan.
J.ui.
1916
Includes net la id receipts Smith *ru Kama* Ra 1 .vav Co., sundry
profits, and balance of ironeral inr,crest, acoou >t.
—(V. 43, p. 102, 125, 15 i. 162. 244, 274, 333,431, 451.5 46.571,578,
633, 671, 718, 73s, 773; V. 4 4, p. 21, 59, 60. 148. 2 45, 3 *2, 400, 406,
551, 564, 583, 5»5, 586, 627; V. 45, p. 52, 142, 180, 271, 3 40.)
*
RR. bands at 4 per cent are guaranteed one-halt
by the A.T. AS. Fe, and one-half by tin*. Union Pacific.
The Chicago Kansas A Western stock ($10,000 p r mile) is held by the
A. T. A S. Fe, and the first, mortgage bonds, at .$14,000 per mile, are
guaranteed by the, lattercompauy. and tle-se. with the income bonds at
$7,000 per mile, were issued as per the circulars in V. 43, p. 59 , V. 41,
1880bonds
f).ines
constructed
covered i»yinthese
are. about 000
and 1887.
245.in Kansas
The roads
1*2,000,000
Rate per
DIVIDENDS.
Atlanta Sc Charlotte Air Line.—Owns from Charlotte, N. C\, to
Die Richmond A Atlanta Air-Line was sold
Atlanta, Ga., 269 miles.
under foreclosure Dee. 5, 4876, and the existing corporation was formed
Feb. 27, 1877. On March 26, 1881, rue road was lease,d to the Rich¬
mond A Danville at a rental of $462,000 per year, equal to the interest
on debt and 5 per cent on stock;
if gross earnings of A. AC. A. L.
exceed $1,5<K),000, dividends to bo 6"per cent; arid if they exceed
miles of branch
The Chicago Santa Fe A California Ra lroad is the company in Illinois
and Iowa for.i.iug the, connecting line from Kansas City to Chicago;
about s50 miles-Kansas City to Fort Madison, la., on Miss. River,
about 2o0 miles, then to Pekin, Ill., about 100 miles, and then over Chi¬
cago A St. Louis (purchase d) ‘00 miles.
Its bonds, ($35,"0 • par
are
mile)
guaranteed by tin*, Atchison, and arc* a Hist lien on all but 0 > miles, on $2,500,000, 7 per cent.
which tlieie is a p»ior mortg. of $1,500,000, for which bonds of this i.-sue
Atlanta Sc West Point.—Owns from East Point, Ga., to West
are held to retiie them at maturity
See V. 44. p. 148.
Point, Ga., 80 miles; leased, 6*2 miles; total operated. 86 ^ miles. In
The Southern Kansas Gulf Division and tlie Southern Kansas in
April, 1881, a controlling interest in the stock was purchased for the
Texas first mortgage bonds were issued as per circulars in VV42, Central Georgia, and a stock dividend of LOJ per cent wm afterward
p.
402, V. 43, p. 431.
The bonds are guaranteed, principal and declared in debenture certificates. Gross earn’s in 1886-87.$39 4.649: net,
Interest, by the Atchison Topeka A Santa Fe. The Gulf Division bonds $160,586; surplus over dividends and interest, $12,72 4; in 1885-86,
cover tlic
road from Arkansas City south through Indian Territory
gross, $397,259; net, $138,001. (V. 45, p. 142.)
towards Denison, nnd also tin*, branch from Kiow.l on the Kansas
border southerly to Wolf Creek and the Texas border (in the Panhandle).
Atlantic Sc Nortliwestern.—Line in progress across the State of
The Sontliei n Kansas R <ilroad in Texas was organize l to build that port
Maine as connection of the Can idian Pac-ilie.
B nids negotiated in
of the line in Texas, and on both lines the bonds are at $1(1,000 per mile, London May, 1687.
The Dominion G iverii'nent '-erants a subsidy
guaranteed by Atchison. The income bonds is.-ued by the So. Kansas for 29 years at $184.0 >o, and Canadian P icitlc guarantees the balance
Gulf Division are. at the rate of $1,000 per mile and not issued till these
of the interest, £28,013 per year.
(V. 4 4, p, 632.)
two divisions are completed.
Land Grant.—The lands ace practically sold out. Lard sales in
347,322 acres for $^48,859, being ail average, of $2 44 per acre;
Dec. 31, 1886. $1,343,817 contracts and interest on contracts,
acres
1880,
Atlantic Sc Pacific.—This corporation was chartered by Act of Con¬
gress July 27, 1866. The Western division is from Isleta, near Albuquer¬
que, on At Top. A Santa Fe, to Bi2 Colorado River, 540 miles, with
GaUup function branch, 4 m Vs. Ac Big Colorado River it meets the
line to Mojave. Cal. (2 42 miles), leased by this Co. in 188 1 from the
Southern Pacific of Cal. The Cal. Southern gives a thruirh route to
San Diego on the Pacific coast.
It leases also A. A P. Junction to
assets
and 1,301
yet unsold.
Operations, Finances, Ac.—The connection with the Atlantic A
Pacific took effect for business in October, ' 1883, and the through
line to Sau Francisco by use of the Southern Pacific lines Oct. 1. 1884.
In Nov., 1885, the Cal. Southern was completed,
a
to the Pacific coast by the Atlantic A Paeitlc road.
Jan.
1
to
31
mos.).
gross
From
July
in 18*7 (7
earnings
giving
_
through route
Aibuqueique N. M., 13 miles; total opera cd, 819 m. Also the, Central
Division is finished from Seneca, Mo., to Sapulpa in the Indian Ter¬
$10,6
were
.’6,- ritory, 112 miles, and operated by the St. Louis A San Francisco Rail¬
537, against $8,241,478 in 1886: net, $1,872,863, against $1,602,526. way Co. _*•
The report for 18*6 was in the Chronicle, V. 44, pp. 5 -3 and 586.
By the%‘ tripartite” agreement of Jan. 31, 1880, the Ateh. Topeka A
Earnings and operations and income account were as follows, these S. F. and the Sr. Louis A 8. F. guaranteed 25 per cent ol the gross earn¬
statistics embracing the Atchison Topeka A Santa Fe and Southern ings over their lines to pay coupons, and largo advances wore made to
Kansas systems combined, but nothing of the Sonora, Atlantic, A Pacific,
the A A P. by both those comp mies. In Oct., 1886, the plan was made
or
roads owned jointly, although the interest on Sonora bonds is
to exeli mg.*, the A. A P. llr-t mort. bon Is for tlie new 5 > year 4 per cent
deducted here:
lr*84.
2,374
operated
Operations—
Passengers carried one mile — I135,412,096
Miles
2 618 ets.
mile
Freight (tons) carried one mile.(534.711.316
1*882 cts.
Rate per ton per mile
Rate per passenger per
$
3,583,018
in(js—
Passenger
Earn
Freight
Mai
11,946,453
-
Ac
Total gross earnings
Operating expenses—
Maintenance of way. Ac
Maintenance of equipment....
Transmu t ation expenses
Miscellaneous
Taxes
Total operating expenses
Net earnings
P. ct. of op. expenses to earns..
Receipts—
Ac
Other receipts*
trusts
Total income
Disbursements—
Rentals paid
Int. on At.T.A S. F.and So. K. bds
Interest paid as rental
Interest on land bonds
Interest on Sonora bonds.
Int on Leav. To A So. W. bonds.
Dividends
Rate of dividend
Sinking funds
Paid ’«> or her roads
Miscellaneous
Total disbursements.
Balance, surplus
18*0.
2,397
2,526
149,999,427
2*277 cts.
607,7 53,550
687,399,093
1*789 cts.
1*615 cts.
$
3,889,411
10,873.621
808,363
15,571,395
2,861,236
2,280,291
1,409,732
3,777,357
1,461,896
3,560,610
176.810,489
2*593 cts.
762,112
388.593
459.194
$
4,026.005
11,100.967
85 7.33
.
15,98 i,3u7
2.186,767
'
3,3 >5,719
4,128,34 )
410,1:9
670,856
421,378
*,9.5,976
7,315,907
8,314,967
7,256, 428
8.613.911
55*09
5340
53*89
inco:ME
Net earnings
Rentals, dividends,
1885.
16.291,883
express,
From land grant
in 1937, guaranteed severally (but not join lv) b/ the two
companies, ouch comp.my guaranteeing one-half of each b *nd. (See
V. 43, p. 571, 559, 607.)
Stock authorized is $100,000,000, and
issued$64,* 10,300 (par $100).of which $31,302,400 is owned oy the At.
T. AS. F. and the St. Louis a* S. F. companies equally, and deposited
in trust tor thirty years. The stock is classed thus: Western Div., com.
stock, $11,750,"00; Cent, and Mo. «livs., com stock, $ 1,645,3 K); pref.,
$11,393,0 *0. The old pref. stock has no preference over tlio A. A P.
An e-tituite of the income bond status and
Western Division stock.
bonds due
OPERATIONS AND FISCAL RESULTS.
492,956
7,370,396
ACCOUNT.
1884.
1885.
$7,315,907
$7,256,428
18S6.
$7,370, 06
73.785
188,281
28.01 2
149,743
180,188
$7,674,690
$7,6:4,371
$8,i98,w3
$37,098
1,812,544
$25,500
1,980,664
-$20.40 2,004.679
829,199
170,633
283,500
28,488
142,014
866,655
188,281
854,930
1*0,188
283,500
62
,859
170,63 >
27,« O0
3,414,736
(6
269,716
241,677
3,414,786
3,738 478
(6)
299,525
46, <‘93
25,u00
(6)
311,310
73,2.7
$6,830,707
$7,110,186
$504,185
$7,459,356
$739,317
$843,983
prospects was in V. 43, p 3 K).
The Southern Pacific sold the 242 miles of road fro u Mojave toTlio
Needles, on the Colorado River, to the A. A P. Company for $7,271,100.
paya'de in A. A P. 1st mortgage bonds,
issued on said 242 miles,
in cash. Until clear title
A P. takes possession and pays
$7,271,090. The same negotiation gave
aright by contract to run through trains to San Francisco over the
Southern and Central Pacific lines on payment of rcuta< either on a
mileage basis or at 3 percent per annum on $40,000 per mile. See V. 39,
p. 208; V. 40, p. 50.
The land grant claimed under the old A. A P. charter of July,’66, is
25,600 acres per mile in Territories and 12,800 acres in States.
Ori
the West. Div. upards of 14,000,000 acres in New Mexico and Arizona
have been earned by construction, and in the Indian Territory 2,600,000
The
acres more, the best of these lands being well adapted for grazing.
proceeds of sales of the company’s lands have so far been applied to pay¬
ment of interest on A. A P. bonds or the Innds have been p’edired and
conveyed in trust to the Atchison and San Francisco companies, and
nearly 6,000,000 acres have been so-disposed of. For state uent as to
lmd sales. Ac., up to Jan. 1.1887, see Chronicle, V. 44. p. 751.
A
map ot the land grant was published in the Ciik »niclk. V. 36. p. 468.
Gross earnings m 1886 were $1,624,649; deficit under operating ex¬
penses, $41,3 >4; received from A. T. A S.F. RR. Co. and St. L. A S. F.
K’y Co., to be repaid, $295,000.
p. 48. 216,
No annual report since 1684 lias been published.
(V. 43.
V. 45, p. 340,
458, 508, 571, 607; V. 44, p. 21, .22, 148, 544. 751;
to amount of $ >.039.2 >0 and $1,211,850
to this piece, of ro ul is given, the A.
6 per cent per annum on the
368.)
Atlantic Sc St. Lawrence.—Owns from Portland. Me., to Island
Pond. Vt. (and branch), 1.51 tuilcs, there connecting with Grand Trunk
of Canada, to which leased for 999 years, August 5, 1853, at a rental
equal to bond interest and 6 percent on stock. The
( 00 to city o' Portland are provided :or by accumulations of
fund.
The Grand Trunk RR. owns the 2d and 3d mortgage bonds,
bonds for $541,
sinking
$2,213,099. The stmk of $5,484,000 is mostly £, with dividends pay¬
able in London. Gross earnings in 18S3-8c:, $1,002,884; net, $255,814.
I
Subscribers will confer a great favor
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
18
explanation of column headings, &c., see notes
on
first page
of tables.
INTEREST OR DIVIDENDS.
Miles
of
Road.
m
Sterling mortgage, sinking fund
(payable$40,000 y’ly)
Loan,ster.,(s.f.£7,500)(B.O. &Ch.bds collat’l)
Bonds (Parkersburg Branch bonds collateral)....
Car trust loan
Belleville <£• El Dorado— Is t(int. guar. St.L.A.AT.H.)
2d mortgage
Belleville <& South. Ill— IstM. (int. A s. f. guar.)..
Bells Gap.— Stock
1st mortgage
Extension 1st mortgage
Consol, mort. (for $550,000)
Belvidere Del— 1st mort. due 1877, extended, guar.
Date
Size, or
of
Par
Bonds Value.
$100
100
1880
421
263
104
iso
....
....
90
92
129
....
52
52
56
25
6
14,792,566
1873
1875
1883
64 1 1877
....
....
....
£ioo
£200
£200
1,000
1,000
£200
1,000
1,000
....
1,000
1,000
1,000
1,000
....
....
....
1,000
....
..
.
.
....
1,000
6a., 53
Has no
cent
years.
The branch is the property of the lessors. Rental, 40 per
of gross earnings. Gross earnings in $1885, $163,156; net, $231,719.
Gross in 1886, $103,529 ; net. $208,427. In Feb., 1885, 5 per cent paid.
Stock is $935,000 (par $50), and div’ds arc paid according to earnings.
Baltimore Sc Ohio—(See Map)— Line of Road—The B.AO. system
embraces roads in Md., Va., Penn., Ohio, Ina. and Ill., which are clearly
Shown on the accompanying map. Bv means of the Cincinnati Washing¬
ton A Balt, via Parkersburg, the road lias a direct route to Cincinnati.
The B. At O. mileage is: Main stem, Baltimore, t» Wheeling. 379 miles,
and branches. 272 miles, total, 651 miles; Washington Branch, Relay to
Washington. 31 miles; Parkersburg branch. Grafton to Parkersburg,
104 miles; Central Ohio division, Bellairc to Columbus, '37 miles; Lake
Erie division, Newark to Saudusky, 116 miles; Chicago division, Chicago
271 miles; Pittsburg division. Cumberland to
Pittsburg, 150 miles, and branches, 94miles, total, 244 miles; Wheeling
& Pittsburg division, Glonwood to Wheeling, 66 miles; Straitsville divi¬
sion, Newark to Shawnee, 43 miles; Philadelphia Division, 4n miles;
Laudcrburg Branch, 20 miles; total operated, 1.783 miles. Tin- Balti¬
more A Ohio Philadelphia branch, connecting with the Balt. A Philadel.
RR., makes a line from Balt, to Phila., and thence via the Schuylkill Val.
& East Side RR. to a connection with the Phila. A Read. Hues to Bound
Brook, N. J. Thence the proposed route to Staten island, as noted in
Junction to Chicago,
611.
Organization, Leases,
&c.—The corporation was chartered in Mary¬
First section opened
land Feb. 28, 1827, and in Virginia March 8, 1827.
May 24, 1830.
The company was assisted by loans from the City or
The relations with the auxiliary branches and leased roads
are complex, but the B. A O. virtually owns nearly all of these east of
the Ohio River, and the total charges for rentals and guarantees are
moderate. Tne B. A O. Telegraph Co. has been operated, bui its earn¬
ings, expenses, Ac., have not been reported
rho 6. A O. express was
sold in ttept., 1887, to the U. 8. Express Co. The K. & O. Railway Co.
had a nominal surplus to credit of income account Sept. 30, 1886, of
Baltimore.
1,710,000
1.709/275
2,575,000
6,9 >7,109
8,141.771
560,000
7.744,009
*
366.000
bonded debt.
Bald Eajrle Valley.—Owns from Vail Station, Pa., to Lockhayen
Pa., 51 miles; branch, Milesburg, Pa., to Bellefonte, Pa., 2L» miles
Snowshoe to Sugar Camp, 2GL2 miles; total operated. 80 miles. Opened
December 7, 1864, and leased to Pennsylvania Railroad Company tor 99
Chronicle, V. 41, p.
1824-536
5,009,000
3,000,000
A
A
A
A
A
A
A. A
M. A
J. A
M. A
M. A
J. A
J. A
A. A
J. A
J. A
A. A
F. A
«T. A
4
3
4
4
6 g-
578,000
....
....
Augusta & Savannah.—Owns from Millen to Augusta,
Leased to Central of Georgia for $73,000 per annum
miles.
380.000
100
100
2,000,000
11,616,000
10,000,000
4,500,000
(?)
1,500,000
3,000,000
2,000,000
5,000.000
300,000
220,000
330,000
1,041.000
550,000
250,000
100,000
189.000
1,000,000
Payable
M.
J.
J.
M.
J.
J.
3
$5,484,000
1,000
...
When
Rate per
Cent.
3i0
i853
1870
1855
1872
1874
1875
1877
1879
1878
1887
1883
1885
1886
1H87
1871
1871
1875
1886
1887
1880
L880
1866
Amount
Outstanding
733,700
....
m
Bonds to State of Maryland
Equipment loan ($2,500,000) gold
Sterling mortgage on Philadelphia Branch
Bonds, gold (Pittsb. A Connellsville b’ds collat’l).
Mort. on Schuylkill R. East Side RR., gold (guar.)
Consolidated mortgage (for $28,O0o,009) —
Baltimore <6 Fotomac— 1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent .
2d mortgage, income, road and tunnel, reg...
Beech Creek—1st mortgage, gold
discoveredlinltliese Tables.
by giving immediate notice of any error
151
Atlantic <6 St. Lawrence.—Stock
53
Augusia & Savannah—Stock
80
Bald Eagle Valley—lion1! mort.,(s. f. $4,000 per yr.)
1,783
Baltimore dh Ohio—Stock
Preferred stock
Loan due in 1880, extended
Loan, 1853, extended in 1885
do
1870 .sterling, £800,000, sink, fund
Baltimore loan, 1855-’90, sink, fund
411
Sterling mortgage, sinking fund
Purchase of Connells v. RR
[VOL. XLV.
6
6 g.
6 g.
6
5 g.
6
6
4*2 g.
4*0 g.
5 g.
5 g.
5
6 g.
6 g.
6
4 g5
7
6
8
5
7
6
6
6
J.
A.
J.
J.
A J.
A O.
A J.
A J.
J.
A
J.
F. A A.
A. A 0.
J.
A J
F. A A
A. A O
j.
Total
all
of
grain,
kinds
.....bush
Live stack
tons,
Lumber
tons,
Through merchandise
S.
D.
J.
N.
J.
J.
O.
S.
J.
S.
N.
J.
D.
O.
J.
J.
O.
A.
D.
a d;
Where Payable,
Whom.
aud by
Stocks—Last
Dividend.
London and Portland.
Sopt., 1887
June, 1887
Savannah.
Phila.,F.Ins.Tr. AS. Dep
Baltimore, Office.
do
do
do
'
do
do
do
Lond’n.BaringBros ACo
Baltimore, Office.
London, J.S. MorganACo
London, I.S. MorganACo
Baltimore, Office.
Lon!., Baring Bros. ACo.
Balt. A N.Y., D. M ACo.
Baltimore, Office.
1, 1910
May l, 1887
July, 1887
Jan.
At will.
Oct. 1, 1936
Mar. 1, 1895
1890
Mch. 1, 1902
May, 1910
1886-1900
June 1,1927
April 1, 1919
July 1 1888
LO p. c. yearly
London, Brown,S. ACo. April 1, 1933
New York Agency.
Feb. 1, 1925
Dec. 1, 1925
Philadelphia, Agency.
Baltimore.
July "i,"i911
April 1, 1911
Jan. 1, 1915
July 1, 1936
$37,500p.ann.
N. Y. St. L.A.AT. II. RR.
July, 1, 1910
do
do
Aug. 1, 1920
N.Y.St. L.A. AT.I1.RR. Oct. 1, 1896
Jan. 1, 1887
Phil.,Cassatt,Town. ACo July 1, 1893
do
Aug. 1, 1905
April 1, 1911
1902
Philadelphia, Pa. RR.
London or Baltimore.
Baltimore.
do
N. Y., Gr’d Cent. Depot.
’82-83.
’83-84.
’84-85.
’85-86.
12,770,392 11,553,052 13,048,258 13,718,428
67,890
90,530
82,187
70,220
93,332
107,398
86,560
92,831
-
East and West....tons. 2,108,325 2,275,252 2,338.147
In 1885-86 net earnings were $ 4,026,366 ; other receipts,
2,731,119
$268,485total, $4,294,851; less balance of interest, $2,512,115; dividends,
$1,330,596; rents, Ac., $219,294; surplus, $232,846.
The gross and net earnings of the main stem and its branches and of the
other divisions for the last fiscal year, as compared with 1684-85, were:
/—Earuiugs, 1884-85.—w—Earnings, 1885-86.—,
Gross.
Main stem, etc
Washington Branch...
Parkersburg Branch...
Central Ohio Division.
Lake Erie Division
Chicago Division
Pittsburg Division
Wheeling and Pitt. Div.
Philadelphia Divisi
Net.
315,308
547,757
1,060,166
817,785
1,72 4,612
1,699,960
299,372
194,771
48,8 48
295,8 >6
119,918
261,605
773,419
7,840
>n.
New’k Somerset A St’le
Gross.
?
Net.
$9,733,252 $3,969,900 ‘$9,8 46,013 $4,026,366
118,430 def. 29,102
325,32 )
663,044
23 4,506
l,27o,476
1,013,014
114.767
478.52 3
309,711
269,916
842,421
13,450
15,246
214/291
35,208
2,09 *<,568
2,430,085
446,259
161,347
Totals
...$16,816,642 $*>,643,007 $18,422,437 $0,3So,694
Results on all lines in four y'ears have been
Net Earnings.
Years.
Gross Earnings.
Operating Expenses.
$11,03 4,014=55*89 p. c.
$8,705,823
$19,739,837
4
7,760,300
19,436,607
11,676,307=6007 “
5,613,057
16 616,6 12
10,973,585 = 66 03 “
6.386,695
12.035,743 = 6 >*33
18,4 22,437
-(V. 4 3, p. 190, 244, 387, 458, 593, 605, 635, 671; V. 44, p 89, 343,
...
; V. 45, p. 13, 52. 112, 178, 304, 368.)
Baltimore Sc Potomac.—Owns from Baltimore. Md., to South
End Long Bridge, Va., 43 mil-s; and from Bowie to Pope’s Creek, 49
miles : total, 92 miles—including tunnel in City of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and first mortgage bonds
400, 433
guaranteed
by Pennsylvania and Northern Central.
Capital stock,
In 188 •, gross earnings, $1,335,8 44; not earnings, $512,647 ; m erest charge, $283,762; surplus $228,885.
In 1885, gross earn¬
ings. $1,323,"91; net, $554,540; interest charge, $297,181; surplus,
$3,553,250.
$257,359. Income bouds wholly held by Penn. RR. Co. From Jan. 1 to
July 31, 1887 (7 months), gross earnings were $818,644, against $747,Stocks and Bonds—The pref. stock carries 6 per cent dividends only. 47*> in 1886; net. $28 2,693. against $283,224.
Beech Creek.—Jersey Shore, Pa., to Gazzam, 104 miles; branches
The common stock has paid-in 1877, 8 per cent; in 1678, 8 in stock; in
This is suc¬
1879, 4 stock and 4 cash; 1880, 9; in 1881, 1882, 1883, 1884 and 1885, to Phillipsburg, to mines, Ac., 25 miles; total, 129 miles.
10; in 1886 8. Range in prices of common stock in Baltimore in 1881 cessor to the Beeeh Cree < Clearfield A S. W. This comp my was formed
on reorganization in 1836 witu the above mortgage bonds an l $1,300,000
was 183®210; in’82, 1903202; in ’83,192^3205; in ’84, 1673199;
of preferred *t >ck an l $3,700,000 common shares $50 « aoh.
In Jan.
in’85, 166103185; in’86,1503191; in ’67 t<> 8- pt. 16, incl., 1203180.
A Ohio direct bonds of
1879 o i Parkersburg ancf July, 1887, paid dividends of 2*0 pot* cent ou pref. stock. In 1886
The Baltimore
Branch are secured by deposit of mortgage on that road. The sterling gross earnin2s were $379,116; net, $it>3,442.
Win. A. Wallace, Clear¬
mortgage of 1883 is made to William F. Burns, John Gregg anil T. Har¬ field. Pa.. President. (V. 44, p. 362, 4 >9; V. 45, p. 13, 203.)
Belleville Sc El Dorado.—An extension of Belleville A So. Illinois,
rison Garrett, trustees, and secured also by pledge of £l,oiK),000 1st
mort. bonds of the Balt. & Phila. RR. (Md. State line to Phila.)
The from Du Quoin to El Dorado, 52 miles, and leased to St. L. Alton A Terre
Haute.
Rental 30 per cent of gross earnings up to $2,500 per mile, aud
bonds of 1877, duo 1927, are secured by the mortgage bonds of the B.
15 per cent on all above that amount.
O. & Chic, roads deposited as collateral. The B. A O. bonds of 1885 are
Rental received for 1884,
secured by $10,000,000 2d consol, bonds of Pittsburg A Connellsville $15.171; for 1885, $15,463; for 1886, $15,707.
Stock, $1,000,000.
Belleville
«fc
Southern
Illinois.—Owns
from Belleville, til., to
RR., deposited with Union Trust Co. of N. Y. as trustee. The bonds of
the Schuylkill Val. A East Side RR. are guaranteed by B. AO.; the
Duquoiu, Ill., 56 miles. It was Leased Oct. 1,1866, to the St. Louis Alton A
Terre Haute Railroad Co.
Lease rental 40 per cent of gross earnings
Pennsylvania Co. for Insurance on Lives, Ac., is the trustee.
The general purpose and certain details of tue conciliated mort¬ up to $7,000 per mile (except ou coal, Ac.), 30 per cent above $7,000 and
up to $14,000 per mile, and 20 per centou any excess of $1 4,000 per mile.
gage of 1887 lor $. 8,000,000 wen* in V. 4d. p. 368.
Rental forl884, $133,799; for 1885, $157,917 ; for 1886, $166,108.
In¬
Operations, Finances, Ac.—The syndicate transaction in September.
1887, by which $5,0d<>,00 o of consol 5 per cent bonds and $ >,000.000 terest on bouds, and sinking fund $5,000 per year, guaranteed by lessees
of pref. stock were negotiated to pay' off floating debt, and tin*, execu¬ Common stock, $430,000; pref. 8 per cent stock, $1,275,00 ), non-cumutive control of the road was changed, was re. one t in the chronicle, V. lative. Dividends on preferred stock past four years have been—5 in
45, p. 3<»4, 368. The fiscal year ends with Sept. 30, and for 188 >-86 an 1886; 5 in 1885; 5<0 in 1884; 6*4 in 1883; 5^ in 1882; 4<3 in 1881.
abstract of the report was given in the Chronicle, Vol. 43, p. 605.
Bells Gap.—Bell wood, Pa., to Irvona, Pa., 26 miles. Gross earnings
President Garrett remarked of the year’s work: “It is shown that the in 1834-5, $11*1,036; net, $78,830; interest paid, $34,179; dividends,
earnii gs of the main stem and the branches stated in comp irison with
$16,500; surplus, $27,851. Gross earnings in 1885-86, $160,252; net,
the fiscal year 1885 have increased $113,361 aid the working ex¬
$78,230. Of the consol, mortgage $350,000 is reserved to retire prior
penses have increased $56,89 >, making a comparative incroa e i > the issues. Stock was increased iu 1883 to $550,000. Uhas. F. Berwind,
net profits of $56,465. The expenses of working and keeping lie roads
Pres., Philadelphia
and machinery in repair amounted to $>.820,247. being 59*10 percent
Belvidere Delaware.—Owns from Treuton, N. J., to Manunka
upon the earnings, showing a decrease o:‘ ll-lOOths of 1 per cent com¬ Chuuk, N. J., 67 miles; Millhatu Cut-off, 1 mile, Fletnington RR., 12
pared wiih tl.e previous year.”
*
*
* “ The surplus fund, which miles; total operated, 80 miles. Leased to United Companies, and trans¬
represent invested capital derived from net earnings, and which is not ferred to
Pennsylvania RR. March 7, 1876, by which operated as their
represent* d by either stock or bouds, now amounts to $48,047,461.” Belvidere Division, aud net earnings paid over as rental. Iu Feb., 1885,
Fiscal year ends S -ptomber 30.
the Fletnington RR. Co. was merge*! in this. The 1st mort. aud now 4
The general t ratiic in four years past is shown by the following table
p.e.bonds are guaranteed by the Unite! Co’s. Iu 1885 net earnings were
of tonn.go carried
$467,670 and interest payments $269,718. In 1886, net, $454,252; int.,
’35-86.
’8 4-85.
’82-83.
’81-84.
Coal and coke carried—
$263,341. Capital stock, $L,150.000; par of shares, $59.— (V. 43, p. 578.)
Ou main stem (tons)... 2,581.557 3,268,521 3,487,170 3,673,438
4 43,5 4 4
Bennlngtou Sc Rutland.—Owns from Rutland to Bennington,
489,361
Of which for Co.’s use
409.695
439,912
Ou Pittsourg Div
2,402,130 2,157,696 2,003,982 2,427,238 Vt., 57 miles; branch, No. Bennington to New York State Lino, 2 miles;
Chartered as West. Vermont in 18 45, aud consolidated
909,59 4 1,329,681 total, 59 miles.
966,458
On Trans-Ohio Divs
684.696
iu Harlem Extension in 1870. Since Sept. 10,1877, the Vermont division
Total
5,668,383 6,392,675 6,400,746 7,430,367 (as above) operated by the reorganized Bennington A Rutland. Stock
$1,000,000 authorized (par $50), and $502,000 issued. Eu 1385-6 gross
Curried to Baltimore—
Flour
bbls.
701,935
717,258
752,150 earnings, $205,>22; net. $3 >.393 ; interest, $33,250; deficit, $2,857.
766,163
Wheat
bush. 6,633,443 6,415,550 3,383,359 3,13 7,159 Gross earnings iu 1886-7 were $198,763; net, $24,651; deficit [under
•
.'Hi 30U88
Corn
bush. 4,935,900 3,472,940 8,383,359 9,474,275 interest, $8,599.
$48,047,461.
...
railroad
September, 1887. J
Subscribers will confer a great favor
stocks
and
bonds.
by giving Immediate notice
of any error
DESCRIPTION.
For
explanation of column headings, Ac.,
on first page of tables.
see notes
Belvedere Del.—(Coni'd)— Cons, mortgage of 1876..
Consol, rnort., reg,, guar, by Un. Co’s & Pa. RR...
Flemington RR. M. bds
Bennington «£ Rutland—1st mortgage
182-3654.
Berkshire—Stock
Boston dk Albany—Stock
Plain bonds, coupon or registered
Loan of 1875, coup, or reg
Bonds issued to State for its stock
Boston Concord d* Montreal—Old pref. stock, guar..
Com. and new pf. stock (new pf. stock is $540,400)
Sinking fund bonds ($624,000)
Consolidated mortgage bonds (for $2,000,000)
Improvement mortgage bonds
67
67
12
59
22
384
....
....
186
186
....
717
....
....
....
....
....
....
1876
1385-7
1876
1877
7
1,250,0u0
4
1,000
1,000
250,000
6
7
100
100
1,000
1,000
ioo
....
1858
1873
1881
1883
100
100 Ac.
200 Ac.
1,000
1,000
100
....
1872
1875
1876
....
1879
....
....
....
-
....
Improvement bonds
1
Boston <t N. F. A ir-Line—Stock, pref. (guaranteed)
1st mortgage
boston dk Providence—Stock
^
Bonds to purchase branches, coupon or registered
...
....
54
50
68
....
....
100
500 Ac.
1885
500,000
100
4,000,000
....
1873
*
Passenger
Miles.
Mileage.
369 157,255,971
384 167.402,441
38 4 167,097,784
384 177,787,439
Freight (ton)
Gross
Net
Di
v
Mileage.
Receipts.
Receipts.* p. ct
373.535,456 $8,539,875 $2,380,971
374,3 47,455
8,148,713
2,302,836
398,862,058
7,637.982
2,344,305
390,464,378
8,298,733
2,488,345
In June, 1884, leased to Boston & Lowell. Of the
sink, fund bonds due
in 1889, there are outstanding in the hands of other
parties, $202,000, on
which interest is paid; the trustees holding $306,000
and the
holding $116,000 on which no int. is paid. Fiscal year endscorporation
March 31.
-(V. 44, p. 525.)
running
The work of construction was done under contract
by the Continental
Construction A Improvement Co. (120
Broadway. New York), and in
May, l«8/t that company sold its interest in the B. II. T. A W. road to
the Fitchburg RR. of Mass., for $2,960,000
Fitchburg preferred stock
and $2.0u0,< 00 ot common stock. The
Fitchburg RR. assumes $i ,4w0,
000 B. H. T. iSc W. 5 per cent debenture bonds
out-lauding. That com¬
pany also set aside $ 00,000 preferred stock, into which the
$2,800,000
common stock of the B. H. T. A W. C * cun
exchange one share for four.
This plan sums up as follows: $3,600,' Oo Fitchbu
g pref. stock. $ -.000,000 F tcuburg com. stock, $L,400,000 deb bonds, or
$.,000,000
paid for the property. The transfer was to take place about June
1, 1887.
For year ending Sept. 30, 1886, gross
earnings were $632,301; net,
$182,250; Intelest. $100,000; taxes, $18,933.—iV. 43, p. 102,
216, 635;
V. 44, p. 212, 620, 681, 652.)
Boston Ac Lowell.—Owns from Boston to
Lowell, 27 m.; branches Salem A Lowell, 17 miles; Lowell A
Lawrence, 12 miles; others, 22
miles; Middlesex Central, 20 miles; leased—Nashua A Lowell, 15
miles;
Stony Brook RR., 13 miles; Wilton RR., 15 miles;
Peterborough Rail¬
road, 10 miles; Manchester A Keene RR., 29 miles;
Central Mass., 44
miles; total leasee, 126miles; total owned and leased, 22 4 miles. Also
operates B. Con. A Mon.. 187 miles; No. of N. Hump.. 83 miles, and Con¬
cord A Claremont, N. II., 90 miles; total in
1885-86, 717 n iles.
The
In June, 1884, a lease of the North, of New
the Bost. Con.
A Montreal railroads was made, and control ofHamp. and
those roads was then as¬
sumed. In March, 1887, the Northern lease was held
void.
In June, 18o7, the Connecticut A
Passuinpsic Road was leased and a
lease of the B. A L. and all its branches to
the Boston A Maine was
effected by vote of stockholders on June 21.
The company had $920,000 notes
outstanding Sept. 30. 1886. Earn¬
ings, etc., have been
as
follows:
1884-85.
Total income
$4,03 7,439
expenses
Net income
Disbursements—
Taxes
Rents
Interest
1
$1,443,916
$163,204
$170,175
$284,976
251,151
per cent
Surplus
(Y. 43, n. 190, 174, 579, 773
$1,414,005
$1,129,029
.
—
2,623,434
702,543
263,282
Total disbursements
Balance
;
1885-86.
$4,628,386
3,184,470
71 -,568
253,084
$1,141,828
$ (03,0 s7
290,133
$33,825
$11,954
V. 44, p. 59, 369, 458, 544, 751, 807.
A.
J.
O.
N.
Stocks— Last
Dividend.
Stockbridge,
Jan.
1, 1916
Sept., 1925-27.
Jan.
Nov.
1,
1916
1,
1897
Treasurer.
July l. 1887
Boston, Office.
June 30, 1887
do
do
do
Feb.
Boston, Office.
1, 1892
July 1. 1895
April 1, 1902
May 2, 1887
J.
M.
J.
A.
M.
J.
J.
M.
M.
A.
A.
M.
J.
F.
A.
F.
M.
J.
A N.
A J.
A A.
A O.
A A.
A N.
A J.
A.
J.
O.
J.
8.
J.
O.
8.
J.
J.
N.
S.
O.
O.
Boston, Office.
do
do
do
do
Cp. Sep.,’85, pd. J’y,’86.
Boston, at Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.Y., N.Y. N. H A H.Co.
do
do
May lti, 1887
Jan.,1893 A94
1905
Oct., 1, 1887
1905
Boston, at Offioe.
do
Sept. 1, 1913
July 1, 1887
April 1, 1892
March 1,1895
July 1, 1896
July 1, 1899
May 1, 1903
Sept. 1, 1905
Oct. 1, 1897
Oct. 1. 1898
1-91
1900
Boston, at Office.
do
Jan. i, i889
1893
1911
do
May 2, 1887
Boston Ac Maine.—Owns from
Boston. Mass., to Portland
Me., 115 miles; branches, 11 miles; leased—Boston to New
line 41 miles; N. Hamp. State line to Maine State line 16 Hamp. State
miles; Maine
State line to Portland 51 miles; Con wav Junction to North
Con wav 73
miles; Worcester. Mass., to Rochester, N. H., 94 miles;
numerous short
branches, 187 miles; total operated Sept. 30. 1886,
Including East¬
ern, 584 miles, less 3 miles leased.
In March. 1883, voted to lease
the Eastern RR. of Massachusetts, but after
litigation the lease was held
to be invalid and a new one was made in
December, 1884, on the oasis
stated under title of the “ Eastern” in this Supplement.
Iu Dee , 1885,
leases of the Worcester Nashua A Rochester and the Portl
md A Roches¬
ter railroads for 50 years from Jan. 1, 1886.
were confirmed by vote of
stockholders. In June, 1887. a lease of the Manchester A
Lawrence
road was made for 5o years, anil a lease of the Boston A
Lowell for 99
years was also made, including the lines controlled under lease
by that
company— the Boston Concord A Montreal, the Connecticut A Passumpsic. Ac.
The fiscal year ends Sept. 30. Annual
report in V. 43, p. 717.
1884-85.
18 45-86.
$6,232,096
$2,071,090
Rentals, interest, Ac.
Disbursements—
Rentals pain
Interest on debt
Dividends
Eastern (under lease)
$7,253,881
279,463
$ 2,500,472
289,809
$2,350,553
$2,790,281
$1,225,526
$’,365,117
255,440
266,424
(8 p. c.) 560,0< 0
158,603
(O^p. c.) 665,000
Total disbursements.
Balance surplus
-(V. 43, p. 607, 717
through the Hoosac Tunnel.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Net earnings
Concord, N. H., to
Woodsville, N. H., 93 miles; branches—Woodsville, N. H., to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
Dividends, 6
4*2
4
6
6
6
5
5
7
4
2
5
4
7
J.
Total income
Boston Concord Ac Montreal,—Owns from
Whom.
INCOME ACCOUNT.
receipts include income from rents. &c.
-(V. 43, p. 22, 163, 514, 578 ; V. 44, p. 212. 586; V. 45, p. 180.)
Boston Hoosac Tunnel Ac Western.—Owns from
Massachu¬
setts State Line to Rotterdam (junction of N. Y.
WestSh. tte Buff.RR.), N.
Y., 61 miles, and leases branches to Saratoga and to
Schuylerville. N. Y.,
26 miles; total, 87 miles. The road connects with
the line
Q.-J.
Q. -J-
Receipts—
Gross earnings
Net
Operating
3^
7
7
6
5
500,000
roads. The live per cent bonds of 1882 were issued to
the State of
Massachusetts in exchange for 24,115 shares of B. & A.
stock held by
the State, and in September, 1883, out of this stock a stock
dividend of
10 per cent was made to stockholders.
In 1886 aaorher 3'3 per cent of
stock was Riven to stockholders.
Last annual report in V. 43. p. 578.
From October 1 to June 30 in 1886-7 (9
mos.) gross earnings were
$6,371,960. agiinst $5,936,604 in 1885-6 ; net, $1,876,779,
ag.dnst
$2,889,593 ; surplus over lixed charges, $841,860, against $877,620.
Operations tor four years were as follows
Payable, and by
pal,When Due.
....
3,500.000
926,000
2,983,500
Bowls —Princi¬
J. A J. Treasurer. Trenton,N.J.
Various Philadelphia, Pa., RR.
J A J. Treasurer,
Trenton,N.J.
M. A N.
N.Y., Union Trust Co.
F.
J.
A.
M.
6
6 A 7
6
5
7,000,000
ioo
Berkshire.—Owns from Connecticut State Line to West Stockbridge, Mass.. 22 miles. Leased in perpetuity to Housatonio Railroad
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, Ac.
and for this reason the quarterly dividend due in Oct. is
usually omitted’
Boston Ac Albany.—Owns from Boston,
Mass., to Albany, N. Y..
201 miles; numerous tranches, 99
miles; leased lines, 84 miles; total
operated 384 miles. The Boston A Albany was formed (Dec., 1867)
the
by
consolidation of the Boston A Worcester and the Western rail¬
Years.
800,000
1,000,000
202,000
1,947,400
500,000
1,400,000
5,329,400
1,000
....
1880
3,858.000
226,900
200,000
100,000
....
....
1873-4
2
7
6
5
200,000
....
583
13*
750,000
620,000
250,000
500,000
1883
1885
475,000
600,000
20,000,000
5,000,000
2,000,000
999,500
500,000
....
....
....
Outstanding
$L,200.000
....
....
Rate per When Where
Cent.
Payable
1.000
....
discovered in these Tables.
INTERE8T OR DIVIDENDS.
Amount
$1,000
1872
1875
1882
166
166
Bost .Hoosac Tun.dWest.—Debenture bonds
Boston <& Lowell—Stock
Bonds
Bonds..
Bonds
Bonds
Bonds
Bonds
Lowell A Lawr., bonds
Salem A Lowell, bonds
Nashua A Lowell
Do
do
Boston <& Maine—Stock
Bonds, coupon and registered....
I
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
19
;
$2,210,553
$l40,0u0
V. 44, p. 184, 369, 458, 544, 807.)
469,724
$2,755,231
$33,000
Boston Ac New York Air Line.—Owns from New
Haven, Conn.,
to Willimantic, Conn., 50
miles; leased, Turnerville to
4
miles; total operated, 54 miles. Formerly the New HavenColchester,
Middletown
A Willimantic. A lease was made in Oct.,
1882, to the N. Y.N.H.A Hartf.
RR for 99 years at 4 per cent dividends
per year on the pref. stock and
interest on the bonds; the common stock is $834,900.
Boston Ac Providence.—Owns from Boston,
Mass., to Providence
R. I., 44 miles; branches,20 miles;
leased, Attleborough to North Attle¬
borough. 4 miles; total operated, 68 miles.
Co. lias valuable depot
properties in Boston. Notes outstanding Sept., 1386, were
$260,000.
Gross earnings in 1885-86. $1,784,805;
$1,677,066;
not,
Bradford
Bradford, Pa.,
2 miles; Rew
net, $399,s80;
$381,326.—(V. 43. p. 005.)
in 1884-85,
Bordell Ac Kinzua— (3-foot
gauge)—Mileage from
to Simpson, Pa., 15 miles; Kinzua Junction to Rew
City,
City toEldred, 12 miles; Simpson to Smethport, 10 miles;
total, 39 miles. Stock is $500,000, par of shares, $100.
In Nov., 1885,
bondholders subscribed 5 per cent on their bonds to resume
payments.
Gross earnings in 1885, $71,897 ; net, $19,775.
Gross
1886, $74,13u; net, $10,226,
earnings in
John J. Carter, Titusville, Pa., Pres’t.
Bradford Eldred Ac Cuba.—Owns from Eldred,
Pa., to Bolivar
Wellsvillo, N. Y., and branch to Rich burg, and Cuba to Little
Genesee, 54 miles. Stock, $480,00'). There are also 2d
mortgage bonds
for $60,000, 6s, which were, due June 1, 1885. Foreclosure
suit begun
iu February, 1885. Tims. C. Platt
appointed receiver in Oct., 1885, and
$23,526 certificates authorized. Gross earnings in 1834-85, $42,856;
def $1,393: def. under interest, taxes, etc., $36,010;
gross iu 183o-86,
•+'4o,824; deficit, $10,963; interest. $33,600; total deficit. $44,563.
Total deficit to Sept. 30, 1886, $90,243. R. G.
Taylor, President.
Brooklyn Elevated.—Line of road from Fulton Ferry and Brook¬
lyn Bridge via Broadway, Ac., to East New York, 6:% miles. This
is the Brooklyn Elevated Railroad organize l
Oet., 188 4, as successor to
the Brooklyn Elevated Railway sold iu foreclosure
May 12, 1884. The
capital stock is $5,000,000; the second mortgage bears 3 per cent interest
till 1883 ami 5 per cent tnereafter.
From October I to June 30, iu 1836-7 (9 mos.)
g oss earnings were
$374,544; net, $180,521; deficiency undercharges. $8,437.
The
annual report to State Commissioner for year en
ling Sept. 30
1836. gave gross earnings $513,480; net, $139,108; total
payments,
$203,772; net deficit, $64,312. Henry W. Putnam, Preside**.—(V. 43,
p. 693; V. 44, p. 212, 6o4 ; V. 45, p. 2L2.)
and
Brooklyn Ac Moutauk.—Brooklyn to Eastport, L.
67 miles;
branches to Fresh Pond Junction, 1 mile; to
Rockaway 9 miles;
total, 77 miles.
This was first the South Side Railroad
jof Long
Island, which was foreclosed Sept. 16, 1874, and reorganized as the
Southern of Long Island. On June 3. 1879, the
property was again sold
iu foreclosure of the second
mortgage, and this company organized.
The preferred stock has a preference of 7 per cent, not cumulative.
It
is leased to the Long Island Railroad for 50
years, from October, 1879,
at 25 per cent of the net
earnings of the whole Long Island RR. system,
including its leased lines. No rental has been reported as paid, and no
public reports are issued. L. I. RR. guarantees interest on $750,000
of the bonds; and both
principal and interest on $250,000. Daniel Lord,
President F. B. Lord, Secretary, New York City. (V.
44,p. 808.)
Subscribers will confer a great
Date
Size, or
Miles
Par
of
of
Road. Bonds Value.
notes
($1,100,000 is pref.)
..
Stock, preferred
1st mortgage, gold
2d mortgage, gold
Consol, 1st mortgage,
gold
gold (secured by collaterals)
General mortgage (for $2 4,500,000)
Buff. Pitts. AW., M. bds(for $7,500,000 coup.)
do
1st mort. (W. A F. RR.)
do
1st M.(OilCr. RR.) renew’d, '82..
do
1st mort. (Un. A Titusv. RR.)
do
Consol, mort. (Pitts. T. & B.)
Income bonds for funded coupons
Car trusts, principal and Interest
Buffalo <&
.7
.
series...
Southwestern—Stock (one-half of it pref.)
(car trust) in 3
1st luortgage bonds, gold
Burlington O. Rapids & Northern—Stock
•
•
•
•
•
67
67
1,039
50
13,750,000
....
E. W. Kinsley, President, N.
Erie.—Owns from Buffalo, N. Y., to
ning, N. Y., 142 miles. Leased in
400 years, and now operated by the
.
.
S. N. Y., Corbin Bana’g Co.
None ever paid.
J.
J. N. Y. L Erie A W. RR.
D. N. Y. L. Erie A W. RR.
do
do
D.
M. A
J. A
J. A
J. A
J. A
g.
g.
g.
gg.
g.
Q.-M. Phila.orN.Y.,Co.’sOttice
Last paid, July, ’85.
A J.
Last naid, Sept., ’85.
Q.-M.
J. A J. k> paid in cash Jan., ’85
M. A N. Pi paid in cash Nov., ’84
M. A S. ^ paid in cash Mar., ’85
A. A 0. Pi paid in casli Apr., ’85
F. A A. Aug.coujj.pd.by Ph.A E.
Last pifcld, Oct., ’85.
A. A O.
J. A J. 3 paid in cash Jan., ’85
F. A A. 3 paid in cash Feb., ’85
J.
A A.
3,681,000
6
J.
A D.
.
6
.
.
N.
1915
Mar.’1,"1911
lan. 1,_.1913
Jan. 1, 1896
Junel, 1887
Dec. 1, 1916
Dec.
26, 1883
July
1, 1896
1, 1908
Dec.
July 1, 1921
May, 1, 1923
1924
1921
1896
1912
1890
1, 1896
Mch. 1.
April 1,
Feb. 1,
Apr. 1,
July 2,
Feb.
....
6 A 7
Various
Y., Union Trust Co.
do
do
do
do
Gallatin Bank.
Feb. 1, 1921
Dec. 1, 1922
1921
Various.
Nat. Bank.
(?)
July 1, 1908
2
6 S•
J.
N. Y., 1st
J.
A
—
A P. for the years
Receipts—
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
tion expenses. Dividends and interest paid directly by the lessees.
1932
1932
1923
.
Gross earnings
Net income (including miscellaneous)
Disbursements—
Interest
Rental and miscellaneous
1863 to the New York A Erie for
N. Y. Lake Erie A West. Co. Rental,
1,
1,
1,
July l,
-
The income accounts of the R.
follows:
Cor¬
June
Jan.
Oct.
....
....
F.
5,500,000
Pittsburg.—Owns from Carrollton, N. Y.
to Giiesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie & Western for 499 years.
Rental, 7 per cent on out¬
standing bonds, $40,600 a year. Capital stock, $2,286,400.
Buffalo New fcork Sc
A D. Bradf’d, Pa., Co.’s Office
A J. Last paid July, 18-4.
N. Y., Cent. Trust Co.
A. A O.
do
J. A J.
J.
J.
6
6
100
Buffalo Bradford Sc
Whom.
1,300,000
1,000
•
$283,129; net,
Y. City.
6
7
6
6
6
6
7
6
7
7
1,628,015
Brunswick Sc Western.—From Brunswick to Albany, 171 miles,
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns¬
wick & Albany; the present company has $3,500,000 stock. Gross earn¬
ings in 1886, $326,216; net, $46,819. In 1885, gross,
$20,719.
3,000,000
1,000.000
6,‘399,000
2.748,000
1,700,0 )0
478,000
810,000
943,666
1,500,000
Stocks—Last
Dividend.
Payable, and by
.
iifl
622.625
....
Where
When
Payable
.
6,570,650
1,500,000
573,000
500,000
866,000
1,000
1,000
1,000
1,000
.
7
4,061,000
....
,
31*
950,000
2,380,000
500 Ac.
100 Ac.
1877
7
100
1,000
1,000
1,000
1,000
1,000
1,000
1881
1882
1881
Var’s
108
258
A P. 1st mort...
•
6
6
3-5
580,000
1,000
50
500 Ac.
500 Ac.
1871
1878
1881
1882
1884
1881
1865
1862
1870
1876
Trust mort.,
R. A P. Consol, mortgage
R. & P. Income mortgage
R. & P. Equipment bonds
1,000
500Ac.
1,000
First mortgage
Buffalo N. P. <£ Philadelphia—Stock, common
6
500,000
3,500,000
1,250,000
2,000,000
1,000.000 5 A 6 g.
5 g.
2,500,000
1.0U0
100
1876
Rate per
Cent.
$498,000
1,000
1,000
1881
1883
First mortgage, guaranteed by Long Inland RR..
Brunswick <£ Western—1st mortgage, gold
Buff. Brad.<£ Pitts.—Gen. M.,(incl. 10,000 ac. I’d)
Buffalo New York £ Eric—Stock
..
Amount
Outstanding
$500
1882
1881
1884
1885
Kinzua— 1st mortgage
Bradford Eldred dk Cuba— 1st mort
Brooklyn Elevated— 1st mort
2d mortgage (for $1,250,000)
Bradford Bordeil <6
Buffalo Rochester dt Pittsburg.—R.
discovered in tl&ese Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see
on first page of tables.
Brooklyn & Montauk—Stock
[Vol. XLV.
immediate notice of any error
favor by giving
DESCRIPTION.
Foi
SUPPLEMENT.
INVESTORS*
20
ending Sept. 30 were as
1884-5.
$1,216,680
$336,707
1885-6.
$1,299,362
$390,357
,
352,106
56,128
348,272
117,166
$408,234
$17,877
$465,438
def.
Balance
def. $128,731
Walston H. Brown. N. Y , President.
V. 43, p. 218, 369, 398, 579, 608, 634, 738 r
102, 781; V. 45. p. 25, 240, 373.)
V. 44, p. 212, 309, 392,
-
Buffalo Sc South western.—Owns from Buffalo to Jamestown,
consolidation in
the Buffalo Pitts¬ N. Y.,-67 miles. Formerly the Buffalo A Jamestown; reorganized
burg A West.. Oil City A Chicago and Olean A Salamanaca. Mileage is as in 1877, after foreclosure. In July, 1880, leased to New York Lake
Erie A Western for 99 vears—at 35 per cent of gross earnings, but
follows: Buffalo Division—Buffalo, N. Y.. to Emporium, Pa.. 121 miles,
interest on bonds guaranteed. Rental in 1885-86, $90,831.
When earn¬
Larabees, Pa., to Clermont, Pa., 22; Pittsburg Division—Buffalo, N. Y.,
ings have been sufficient a small dividend has been paid on pref. stock.
to Oil City, Pa., 138; Titusville, Pa., to Pioneer, Pa., 9; Mayville, N. Y.,
to Chautauqua, N. Y., 31g; Oil City to New Castle, Pa., 182; Tryonville
Burliugtou Cedar Rapids Sc Northern.—On Jail. 1 ’87, oper¬
to Union City, 16 miles. Rochester Division—Rochester, N. Y., to Hins¬ ated from Burlington, Iowa to Albert Lea, Minn, (including 11 miles
dale, N. Y., 99; Olean, N. Y., to Bradford, Pa., 26; Bradford, Pa., to leased), 253 miles; branches —Linn, la., to Postville, la., 94 miles; Mus¬
Kinzua. Pa., 26; Eldred to Tarpnrt, 18 miles; Genessee Vallej7Ter. RR.,
catine, 1a to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48
2 miles; total operated, 663 miles, of which 40 miles are leased. The
miles; Iowa City to What Cheer and to Montezuma, 73 miles; Clinton
Swain’s Br., 11 mil< s, owned by B. N. Y. & P., is leased to L. A P. RR.
Division, 81 miles; Decorah Division, 23 miles; Iowa Falls Division,
The trust bonds of 1923 are secured by $500,000 first mort. bonds of the
430 miles; Waverly Division, 6 miles; total operated, 1,039 miles. _._Tlie
Gencssee Valley Terminal Co., $700,000 of the first mort. bonds of the former company Was organ ized as tho Burlington Cedar Rapids A
Olean A Salamanca RR., $1,600,000 lirst mort. bonds of the Oil City A Minn., June 30. 1868. Defaulted Nov. 1, 1873. Property sold under
Cliicago RR. and $300,000 mort. bonds of the No. West. Coal & Iron Co. foreclosure June 22, 1876. aud this company was formed by the pur¬
In 1884 the earnings proved insufficient to meet interest, and after
chasers.
In May, 1885, a decision was obtained by the holders of old
trying a plan which was not successful, a receiver was subsequently equipment and 2d mortgage bonds of 1874, in the case of Simmons
appointed and foreclosure suits were begun.
against this company, holding those bonds to be good against the road,
In Feb., 1886, another plan was issued (see Chronicle, V. 42, p. 242)
and giving defendants the right to redeem the property on payment
by which foreclosure would be made and $10,000,000 new first mortg. of amount found to be duo, which is about $1,09 0,000. The case is
bonds issued, of which $6,073,00j would be reserved for the several still pending.
issues of old first mortgages, and the B. N. Y. A P. 2d mortg., the bal¬
Bonds of the Cedar Rapids Iowa Falls A Northwestern road are en¬
ance for re-organization expenses and for future use.
A 2d mortg. for dorsed (endorsement is on the bonds); the 6 per cent bonds are redeem¬
$20,000,000, interest payable in cash, or in cash and scrip, to be issued able at 105 after Oct. 1, 1890. Of the 5 per cents $825,000 are reserved
for all other bonds on certain terms; and $30,000,00 > to b ^ the author¬
to retire the 6 per cents.
The company guarantees the above bonds
ized issue of new common stock. The old stock to pay an assessment mentioned, and also guarantees $150,000 of Miuneap. & St. Louis bonds.
of 8 per cent on the preferred and 12 per cent on the common, each
In April, 1884, for the purpose of issuing additional bonds for exten¬
receiving the new 2d mortg. bonds for the assessment paid, and share sions, the limit of authorized capital stock was raised to $30,000,000.
for share in the new stock. This plan was backed by a strong com¬ The consolidated bonds are dated April 1,1884, and issued at $15,000 per
mittee and received the assent of a large majority of bondholders. The
mile to build new road, and secured by first mortgage bonds on the
Buffalo Division was sold in foreclosure Sept. 10, 1687, and the whole
roads built, deposited with the trustee of this mortgage.
The roads
roml Sept. 15, 1887, to Mr. Carl Schurz and others, constituting the thus built to Deo. 31, 18-5. were the Cedar Rapids & Clinton, 82 miles,
re< rganization committee.
$1,200,000 bonds; Chicago Decorah A Minnesota, 23 miles. $348,000
From Oct. 1. 1886. to June 30, 1887 (9 months), gross earnings were
bonds: aud the Cedar Rapids Iowa Falls A Northwestern, Minnesota and
$1,896,404, against $1,856,846 in 1885-86; net, $227,175, against Dakota Division, 386 miles. $3,063,000 bonds.
The annual report for 1886 said: “ The earnings of this railway for
$373,385 ; deficit under charges, $145,602, against deficit of $26,093.
From Oct. 1, 1886. to July 31, 1887 (10 moi.ths), gross earnings wore the. current year did not equal tho previous year, ou account ot de¬
$2,147,954, against $2,102,555 in 1885 86; net, $304,8o5, against creased tonnage in th ough business, and lower rates on both through
$437,862.
and local business. The business of 1887 has opened fairly for the lirst
The annual report for the year ending Sept. 30, ’86, was in the Chron¬
three months. What the effects of the Inter-State Commerce law will
icle, V. 44, p. 89, ami contained the following income account.
fie on tho earnings can only be surmised, but we should anticipate £ de¬
Receipts1883-84.
18*4-s5.
1885-86. crease.
From Jail. 1 to Juno 30 in 1887 (6 mos.), gross earnings were $1,372,Gross earnings
$2,614,774
$2,335,514
$2.5o8,217
471,
against $1,265,633 in 1886; net, $319,702, ligst $288,732 in 1886.
Net earnings
$154,^47
$373,0.07
$526,933
For 1886 the annual report in V. 44, p. 619, gave net income, Ac.,
55,853
57,924
Buffalo New York Sc Philadelphia.—A
February, 1883, of the Buffalo N. Y. A Philadelphia,
,
Rentals aud interest
Total income
Disbu rse men ts—
Interest on bonds,
for four years as
$512,771
$569,233
$1,413,500
pd. A unpd. $1,275,935
Other interest, Ac
•
42,300
Total disbursements
342,783
130,751
$1,406,686
01
$1,7-6,283
follows :
$428,860
$1,410,380
206,2 <4
$1,616,614
<l«*f.837,453 del’. 1,243,512 def. 1,187,754
—(V. 43. p. 48,73, 102,131, 190,244, 367, 546, 608.634, 635, 774; V. 44
p. 89, 184, 210, 276, 433, 551,652, 654, 681, 781, 807; V. 45, p. 142,
Balance
271, 272, 369.)
Buffalo Rochester & Pittsburg Railway.—(Sec Map.) Owns
from Rochester, N. Y., to Clayvide, Pa., 229 miles; Buffalo Branch from
Ashford to Buffalo, 48 miles; other branches, 17 miles; total, 2941uiies.
This company was formed in March., 1887. as successor of tfie
ester .v Pittsburg and the Pittsburg A State Lino RR., which were fore¬
Roch¬
Miles
operated
3,093,513
2,933,309
2,1-9,543
2,132,404
878,690
903,970
800,906
90,859
105,362
earnings
2,H63,554
1,968,177
895.377
Oper exp. aud taxes
Net earnings
P.c. op. ex. to
earu’s.
68-7
INCOME
1883.
Receipts—
$
895,378
48,596
943,974
662.485
7270
70*77
63-5
ACCOUNT.
1885.
$
1884.
$
878.690
31,108
909,798
521,232
89,942
294,904
44,802
573,663
68,778
950,880
631.832
1886.
$
903,970
83,798
800,905
937,763
864,157
742,275
70,794
41,925
25,056
749,898
10,774
28,617
def.6,906 sur.227,966 sur.
V. 44, p.
$
2,796,459
1,917,769
...
Mail, express, Ac
1886.
1,039
2,141,646
129,178
666,922
2,021,175
Freight
1885.
990
$
691,174
2,28 4,542
117,797
654.746
2,117,949
Net earnings
Iselin
Other receipts
That portion of the road lying in Pennsylvania was known as the Pitts.
A State Line RR. Co. The consolidation of the companies in New York
Total income
and Pennsylvania was delated by litigation till March, 1887.
Disbursements—
The preferred stock or the consolidated company is $6,000,000 (en¬
Interest on debt
titled to 6 per cent dividmds, nou-cumuiative), and common stock, Const’ll A improvem’t
$6,000,000. A meeting held June 10 voted to raise total stock to Equipment
$13,00o,0i 0, and buy rut tbe preference <5f preferred stockholders Other expenditures..
with $3,000,000 of «ertiticates of indebtedness.
Tot. disbursem’ts
From Oct. 1, 1886, to July l, 1887 (9 months), gross earnings were
$1,331,142, against $917,451 in 1885-86: net, $366,333, against. $207,- Balance
480; surplus over interest, taxes aud rentals, $93,551, against deficit of
-(V. 43, p. 516 745
$ 124,773.
closed in Oct. 1885 and purchased by Mr. A.
RESULTS.
1884.
990
$
$
Earnings—
Passenger
Tot. gross
FISCAL
1883.
713
90, 184 494, 619..)
63,252
3,042
45,605
8,278
•
880,050
806,823
107,718
sur.57,334
September, 1887.]
RAILROAD
STOCKS
AND
BONDS.
INVESTORS’
39
Subscribers will confer a great
INTEREST OR DIVIDENDS.
explanation of column headings, Ac., see notes
on first page of tables.
BurlingVn C. Rap. <& Northern— (ConVd)—1st mort.
Iowa City & Western, 1st mortgage, guar
Ced. Rap. I F.A N.W., 1st M., g., guar.,red.aft.’90
do
1st M., gold, guar
Consol. 1st mort. & collat. trast, gold, coup. & reg.
Cairo Vincennes <£ Chic. —1st M. lids., gold (Wabash)
California Pacific—1st mort., gold (ext’d’d at 4*2)
2d morr., end. by Cent. Pac
3d, mort. guar, by Cal. Pac.($1,000,000are3s) ...
Camden dt Atlantic—Stock ($880,650 of it pref.)....
1st mortgage (extended 20 years in 1873)
2d mortgage, extended in 1879
Consol, mortgage (thirty years)
Camden <t Burlington Co.—1st mortgage
Miles
Date
of
of
Road. Bonds
369
73
55
177
All
266
114
114
114
78
78
31
436
404
4<)4
Canada Southern—Stock
1st mort., interest guar, by N. Y. C. & Hud. Riv..
2d mortgage, coup, or reg
Canadian Pacific— Stock (guar. 3 p. c. div. till ’93). 4,464
Canada Central RR. 1st A 2d mort. bonds
Quebec Prov. due on Q. M. O. & O. and N. S. RR..
Land mortgage bonds, gold (redeemable at 110)..
2,856
1st mort. debent, sterling
Cape Fear & Yadkin Valley—1st mortgage,
gold
Carolina Central— 1st mortgage, gold, coup, or reg.
2d mort., gold, income, reg., non cumulative
3d mort., gold, income, reg., non cumulative
Carson <t Colorado— 1st
[Vol. XLV,
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT
mortgage
Second Division mort
Oatawissa—Common stock
Preferred stock ($2,200,000 is oil pref.)
1st mortgage
Mortgage bonds
Cayuga <£ Susquehanna—StocK
187
242
242
158
158
43
98
98
1876
1879
1880
1881
1884
1881
1867
1871
1875
1853
1854
1881
1867
Size, or
Amount
Par
Value.
Outstanding
1,000
1,C00
1.000
l,000Ac
1.000
1.000
1,000
500
50
1,000
1,000
1.000
500Ac
100
•
1878
1,000
1883
l.OOOAo
100
1881
1885
1866
1881
1881
1881
1881
1883
500 Ac.
£ 100&O
$1,000
1,000
1,000
1.000
1,000
1,000
93
34
....
Cent.
Payable
mos.),
3^
6
7
4^
230,500
500 Ac.
100
Cairo Vincennes Ac Chicago.—Cairo to Tilton, Ill., 258 miles;
branch, St. Francisville to Vincennes, 8.; total, 266 miles. This was a
consolidation of tue Cairo A Vincennes, Danville A S. W. and St. Francis¬
ville & Lawrence roads, forming the Cairo Division of the Wabash St.
Louis A Pacific. The latter company issued its own bonds secured on
this road ior $3,857,000, and after default the read was surrendered
to the mortgage trustees, Messrs. A. J. Thomas and Charles E. Tracy,
April 27,1885. In July, 1887, a decree was entered by consent releas¬
ing this road from liability on all Wabash claims. Receiver’s certificates
for $666,le7 have been issued. From Jan. 1 to July 31, 1887 (7 mos ),
gross earnings were $413,725, against $351,128 in 1886; net, $117,248,
against $ 7,o74. In the year ending April 30, 1887, gross earnings
were $710,664; net, $161,263.
(V. 43, p.479; V. 44, p. 494 ; V. 45, p.
214.)
1,300,000
589.110
paid off at 110.
Camden, N. J.,
to Atlantic
City, 60 miles; Atlantic City to Longport, 7 miles; Phil. Marl. A
Med. RR.; Haddontield to Medford, 12 miles; total operated, 79 miles.
Pref. stock,.entitled to 7 per cent if earned, and to as high as paid to com.
if more than 7. From Jan. 1 to July 31, 1887 (7 mos.). gross earnings on
main line and branches were $360,289, agaiust $312,262 in 1886 ; net,
$61,506, against $41,493.
On main line and branches in 1885, gross earnings were $561,347; net,
$150,578;
interest,
20,802, total.
Ae., other
$38,968;
sur¬
f134.143.
In 1886,
gross,deduct
$599,090,
net,rentals,
$129,775;
income,
44.
494.)
plus, $51,610.
(V.
p.
do
do
do
do
do
do
do
do
Last paid, Jan., ’84
•
June
N.Y.,So. Pac. RR. Olliee
do
do
Camden, Co.’s Office.
Phila., Farm. A M. B’k.
do
do
do
do
Phila.. Penn. RR. Co.
1. 1906
Sept. 1, 1909
Oct. 1, 1920
Oet.
1.
Jan.
1, 1912
1, 1891
July, 1905
Oct. 1, 1887
March. 1893
Oct. 1, 1904
July 1, 1911
1897
Y., Grand Cen. Dep. Aug. 15,
N. Y., Union Trust Co.
Jan. 1,
do
do
Mar. 1,
N. Y. Office. 59 Wall St. An*. 17,
N.
Montreal.
do
1921
April l, 1934
Oct. 1, 1931
N.Y., Eugene Kelly' A Co Jan.
1887
1908
1913
1887
1899 A 1910
Montreal,N.Y.orLondon Oct. 1, 1931
London, Baring B. A Co. July 1, 1915
N.Y., Farm. L.A Tr. Co. June 1, 1916
N. Y., Farmers’L. A T.Co. Mch. 31, 2000
New York, Office.
July 1, 1915
do
do
July 1, 1910
July, 1911
July 1, 1913
Mav 18, 1887
Phila., Phila.A Read.Co.
Feb. 1, 1902
Feb. 1, 1900
m
m
m
OPERATIONS AND FISCAL
Miles
operated
Passenger mileage
Passenger
Freight
from
Y., Central Trust Co.
Stocks—Last
Dividend.
July 1,
1887
From Jan. 1 to July 31, 1887 (7 mos.), gross eam’s were $5,786,091,
net, $1,332,523, against $1,751,837.
against $5,158,c90 in
The annual report for 1886 was published at length in the Chronicle;,
V. 44. p. 652, 655. The following is a comparative statement of earn¬
ings and expenses for the last two years:
Calistoga, 35 miles; Davis to Knight’s Landing, 19 miles; total oper
ated, 115 miles. Leased for 29 years, from July 1,1876, to Central Pac.
Rental, $6u0,000 per annum, and three fourths of net earnings when
in excess of that amount. Capital stock, $12,000,000. In 1886, gross
Atlantic.—Owns
N.
pal.When Due.
2 .'3,53^. The Government also holds $1,000,000 of land bonds, which
to be canceled.
The lauds in possession of the company are about
14,959,718 acres.
The bonds are receivable for lands and may be
are
Freight (tons) mileage
Rite per ton per mile
Ac
Whom.
F. A A.
do
do
J. A J. New York. 44 South st.
Rate per passenger per
earnings were $1,233,641; net, $o74,082.
Payable, and by
M. A N. Philadelphia Co.’s office
m
California Pacific.—^Owns from Vallejo, Cal., to Sacramento, Cal.,
61 miles; branches—Vallejo Junction to Vallejo, 2 miles; Adelaide to
Camden
18';
Where
J. A D.
M. & S.
825,000
g- A. & O.
1,905,000
g. A. & O.
g. A. A 0.
4,716,100
3,857,000
g- J. & J.
4 ^ g. J. & J.
2,250,000
6 g. J. & J.
1,600,000
3 & 6
J. & J.
3.000.000
1,257,100 2 on pref A. & 0.
7 g- J. A J.
490,000
6
A. A 0.
497,000
6
J. & J.
350,000
6
F. A A.
350,000
F. & A.
1*4
15,000,000
5
J. & J.
13.b58,441
M. A S.
5
5,100,000
F. A A.
1*3
65.000,000
5 & 6 Various
1,823,333
5
A. & O.
7,000,003
5 g. A. A O.
3,527,000
5 g. J. A J.
34.998.633
6 g
J. & D
1,500,000
6 g. J. & J.
2,<)00;000
6 g. J. A J.
1,200,000
6 g. A. & 0.
1,500,000
6
J. & J.
2,250,000
6
J. A J.
510,000
5
7
6
5
5
5
1,159,500
3,200,000
50
50
1882
1870
When
$6,500,000
584,000
$100 Ac.
'
Rate per
Bends—Prinol-
Earnings—
Mail,
express
RESULTS.
18-5.
4.338
116,702,980
mile
2-45 cts.
406,822,166
J ‘20 cts.
and miscellaneous
Total earnings
Operating expenses
Net earnings
Percent of oper. expenses
.
to earnings...
150,466,149
2-10 eta.
555,438,159
1*10 cts.
$2,859,223
4,8sl,8*'6
627,404
$3,170,714
6,112,380
798,710
$8.368,4^3
$10,0**1,804
5,143,276
$3,225,217
61*46
$3,703,487
INCOME ACCOUNT FOR
Net earnings
Fixed charges
1886.
4,464
1886.
6,378,317
63*26
$3,703,486
3,068,042
Surplus
$635,444
-(V. 44, p. 59, 184, 308, 343, 433, 525, 620, 652, 655 ; V. 45, p. 52,
4139.)
Cape Fear Ac Yadkin Valley.—Iu operation from Fayetteville, N.
C., to Bimnettsville, S. C.. 57 miles; Fayetteville, N. C., to Belew’s
Creek. N. C., 120 m.; Factory branch, 10 m.; total, 187 miles.
Road is
Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad further projected some 2' 0 miles additional, and is in course of construc¬
Co., and now operated by the Pennsylvania Railroad Company, lessees tion by the North State Improvement Co., which Co. holds $750,000
of United Railroad & Canal Company’s lines. Lease rental, $44,415, 2d mort. income bonds.
The toral stock is $798,925, of which $741,900
being 6 per cent on stock and bonds, and $500 for organization ex- was outstanding April 1, 1887. From Jan. 1 to July 31, in Ls87 (7
gross earrings were $142,897, against $119.416 in 1886; net,
i January and July.
Gross earnings in 1886, $216,055; net, $63,632. $66,05 i, against $57,154. F» r fist al year 1880-s7 gross earnings were
Canada Southern.—Line of Road—Main line from International
$236,066; net, $111,585; surplus over rentals and interest, $16,797.
Bridge to Windsor, Out., 226 in.; branch, Amhcrstburg to Essex Centre,
Carolina Central.—Owns from Wilmington,N. C.,to Ri-therfordtou,
16 miles; Fort Erie Br., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
N. C., 267 miles.
Formerly Wilmington Char A Rutherford, chartered in
Ont., to Court right, Ont.,63 miles; Erie & Niagara, 31; Sarnia, Chatham A
1855. Succeeded by existing company after foreclosure May 3, 1873.
Erie, 7; Canada Southern Bridge A Ferry, 4 ; Toledo Canada Southern &
Detroit, 56. and Michigan Midland A Canada, 15; total of all lines Defaulted, and receiver placed in possession April 5, 1876. Sold in fore¬
closure May 31, 1880, for $1,200,000.
In’85-86, gross earns $177,484;
operated, 436 miles, of which 105 miles are nominally owned by proprie
net, $151,75*2; in ’86-7, gro-s, $500,266; net, $183,773 surp us over
tary companies under separate organizations.
The Cana a Southern Railway Company was chartered in Canada interest. Ac $3 >,190. Wilmington Bridge bonds, $255,000. at 7 per cent,
Feb. 28, 1868, and the main line opened Nov. 15, 1873. Default are guaranteed by this Co. and the Wil. Col. & Aug., and interest paid.
The stock of $1,200,000 was placed for live years from Nov. 1, 1879, in
was made, and a reorganization
forming the existing company was the
hands of the reorg. committee, but is now all issued to 2d mortgage
completed in 1878. Interest on the 1st mort. is guaranteed by the New
bondholders.
York Central Railroad Co. for 20 years; but the principal is not guar¬
anteed. In Nov.. 1882, a close contract was made with the Michigan
Carson Ac Colorado.—(3 foot gauge.)—From Mound House Nev., to
Central for 21 years from Jan. 1, 1883, providing for the operation Candelaria, Nev., 158 miles; Junction to Keeler, Cal., 141 miles;
total 29h miles. Road follows the valleys along eastern side of Sierra
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of bot h roads in a common treasury, out of which is to Nevada Mountains and may eventually join Southern Pacific at Mojave.
be paid, first, the operating expenses of both roads; second, the fixed Stock, $6,380,040 authorized; $2,760,000 issued.
H. M. Yerington,
charges of both; third, the division of the remainder between the two, Pres’t, Carson. Nev.
Catawisisa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94
in the rate of two-tliiidsto the Michigan Central and one-third to the
Canada Southern.
In 1886 the surplus to C. S. was $407,335; for 6 mos. miles; branch, Summit Station to Silver Brook, 4 miles ; total operated,
1887, surplus $170,000. For latest reports of earnings see Michigan 98 miles. Leased from Nov. 1, 1872, for 999 years to Philadelphia A
Central. (V. 43. p. 23; V. 44, p. 21, 584; V. 45, p. 5, 25 )
Reading. Rental, 30 per cent of gross earnings and $8,000 a year for
Cauadiau Pacific.—(See Map.)—The whole road extends from company expenses. Funded debt is also assumed by lessees. Seven per
Montreal to Vancouver on the Pacific coast in British Columbia. cent is guaranteed on the preferred stocks.
(V 43, p. 387.)
2,906 miles. There are branches and auxiliary lines owned of 925
Cayuga A; Susquehanna.— Owns from Susquehanna River to
miles, and 821 miles of leased lines, making the whole system 4,651 Ithaca, N. Y., 31 miles. Leased in perpetuity to Deia. Lack. A West, at
miles, of which 187 miles were not quite finished on Jan. 1, 1887. fSee a rental of $54,600 a year. Dividends on capital, 9 per cent per annum.
details in Chronicle, V. 44, p. 658.) The road was opened throughout
Cedar Falls Ac JTIimiesola.—Owns from Waterloo, la., to Minn.
State Line, 76 miles.
Leased to Dubuque A Sioux City for 40 years
the first of July, 1886.
In Nov., 1883, leases were made of the Ontario Sc Quebec system, in¬
from January!, 1867, at $1,500 per mile as a minimum and a con¬
cluding the Credit Valley Railway and Toronto Grey and Bruce, about tingent of 35 per cent of gross earnings from $3,500 to $7,500 per mile
ana of 30 per cent or auy excess over $7,500 per mile.
590 miles in all, with bridge facilities at Montreal.
The. Dub. & S. C.
This company was incorporated February 18, 1881. under a charter (carrying this road) was acquired by Ill Central in 1887. Capital stock,
from the Dominion of Canada. The company had an important con $1,586,500. Operations are included in Illinois Central reports. The
minimum rental is $113,370 per annum. J. S. Kennedy', President, N. Y.
tract in its charter, receiving from the Government $25,000,000 in cash
Central Branch Union Pacific.—(See Mao Mo. Pac.)—Owns from
as a subsidy, also 25,000,900 acres
of laud, all to bo tit for settlement.
The Gov’t also conveyed to the company, free of all cost, 713 miles of Atchison, Kan., to Waterviile, Kan., 100 miles; leased Atchison Col A
road. The co. also acquired 449 miles of road and branches from Montreal Pac. 254 miles ; Ateh. J. Co. A W., 34 miles; total operated, 388 miles.
The Uu. Pac. Cent. Branch was formerly' the Atchison A Pike’s Peak RR.,
west to Calleudar, subject to $5,423,333 in liens on those roads.
In Nov., 1883, the Dominion Government gave a guarantee of 3 per and was one of the roads embraced in tlie act of Congress incorporating
The stock is $1,000,000, of which the Union
the Union Pacific RR.
cent dividends per annum for ten years on $65,000,000 of stock.
By final agreements with the Dominion Government, in April, 1886, a Pacific owns $856,700. The company received a Government subsidy
settlement was made discharging all the company’s obligations.
The of $1,600,000. Default on interest was made May 1, 1873, but uo fore¬
closure took place.
Canadian Pacific Railway Co., through Baring Bros., of London, sold
It is operated as a part of the Missouri Pacific
$20,000,000 of bends, the proceeds of which were applied to paying off system under a 25 years lease, made Sept., 1885, by which the net earn¬
a part of the indebtedness of the company to the Government, while the
ings are paid to Union Pacittc as rental. In 1886 gross earnings were
balance of $9,oOO,uOo was liquidated by transferring 6,793,014 acres of $1,705,763; net income. $746,357; charges, $471,355; dividends,
land belonging to the original grant of 25,000,000
$10u,000; surplus, $177,002. For 1885 gross earnings were $1,855,Of the hmd grant bonds there are outstanding only the above amount,
840; net, $591,000; total fixed charges, $513,136; surplus $98,333.
Ill
against which are deferred payments ou lands sold, amounting to $1,- October, 18,85. r per emit dividend paid. In 1886 pain 10 per cent.
Camden Ac Burlington County.—Owns from Camden, N. J.,
to Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
genses. Capital stock $381,925 and funded
debt $350,000. Dividends
,
BONDS.
SRAATI_OLNCOKDD
INVESTOR’
SUPLEMNT.
[Vol.
XLV.
RAILROAD
September, 1887. J
STOCKS
AND
BONDS
25
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page
of tables.
Miles
of
Road.
Date
of
Bonds
Size, or
par
INTEREST OR DIVIDENDS.
Amount
Outstanding
Value.
Rate per
When
Cent.
Pay'able
Honda—Prmoi -
pal, When Due.
Where payable, and by Slocks—Last
Whom.
Dividend.
.
Cedar Falls <£• Minn— Bonds on 2d div.. sink. f’d...
Central Branch ’Tnion Pacific—1st mort., gold
Funded interest bonds (coupons held in trust).
2d mort. (Government subsidy)
Central U. It. <£ Bank, Oa.—Stock
General mort. “tripartite” bonds, coup
—
..
Collateral trust bonds, gold
Certificates of debt (for"dividend)
Ocean SS. Co., guar., 1st mortgage
Central Iowa—1st mortgage
Debt certificates, issued for overdue coupons—
1st mortgage, gold, Eastern Division
Ill. Division, 1st mortgage ($16,000 p. m.)
1st mort. on branches ($12,000 per mile)
Consolidated mort., gold (for $6,748,000)
fur trust
61
100
1866 $500Ac.
1866
1,000
1879
1,000
1.000
’66-7-8
100
1872
1,000
1887
1,000
1881
100
....
100
730
620
....
....
....
189
....
124
89
97
499
i
:
1879
1880
1882
1832
1882
1884
....
500Ac.
500 Ac.
1,000
•
•
•
....
.
.
.
20.352.200
1,000
1,000
1,000
1,000
1,000
50
1,000
i,ooo
100
1,000
1,000
1,000
....
Central of Georgia (& Bank).-(See Map )—Savannah, Ga<, to
Atlanta, Ga., 295 miles; branch, Gordon to Milledgeville, 17 miles;
leased-Augusta A Savannah, 53 miles; Eatonton Branch Railroad,
22 miles; Southwestern Railroad and branches,320 miles; total opera¬
ted, 706 miles; also takes net results of 440 miles more operated by
separate companies. Tn 1886 leased the Mobile A Girard RR., 84 miles,
from June l.
In 1881 the lease of the Georgia RR. for 99 years
was taken in the interest of this company and the Louisville A Nashville,
which operate it on joint account. The company owns also a large inter¬
est in 810 miles of connecting lines and the Ocean Steamship Co. of
Savannah. This company and the Georgia RR. Co. are joint owners of
the Western RR. of Alabama, 138 mih s, purchased at foreclosure sale
in April, 1875.
Total mileage of system, 2,377. The “ tri-parti to”
bonds were issued jointly by this company, the Macon & Western and
the Southwestern. The collateral trust bonds were issued in 1887.
See V. 45, p. 242, abstract of deed and securities deposited.
From Sept. 1, 18*6 to July 31, 1887 (11 mos.), gross earnings were
$5,872,281, against $5,705,861 in 1885 6; net, $2,182,094, against
$1,981,765.
The annual report for the year ending August 31, 1886, was in the
Chronicle, V. 43, p. 6J3.
The income account was as follows;
Expenses
1882-83.
1883-84.
1884-85.
1885-86.
$-1,977,807
$4,659,082
2.950,115
2,851.455
$3,911,407
2,211,615
$1,699,792
$3,916,991
1,922,057
$1,994,9.14
Net income
$2,o27,692 $1,80',627
Int,, rentals and div.. *1,982,517
1,848,491
1.776.369
1,913.842
$45,175 Def.$4u,864 Def.$76,577 Sui. 81,092
Surplus
*
Dividend in 1882-83, 8 percent; in 1883-84, 6; in 1884-5, 5 p. o.; in
1886, 6 p. c.
(V. 43, p. 607,
622, 633; V. 44, p. 59, 184, 653, 681; V. 45, p. 84, 166,
178, 210, 242, *71.)
Central Iowa.—Owns from Albia, Ta., to Nortliwood, la., 189
miles; Oskaloosa to Iowa Junction, 1S4 miles; Grinnell A Montezuma
Branch, 14 miles; Story' City' Branch, 35 miles; Newberg Branch, 27
miles; Belmond Branch, 22 miles; Newton Branch, 28 miles; leased,
Manly Junction to Lyle, 20 miles, and tracks at Mississippi River, 3
miles; trackage, Iowa Junction, Ill., to Peoria, Ill., 3 miles ; leases to
B. C. R. AN. RR. Co., Manly Junction to Nortliwuod, 12 miles; total
operated, 513 miles. Bridge over Mississippi River at Keithsburg
—
Chartered as Central RR. of Iowa and opened in
1871.
Defaulted and placed in hands of a receiver in 1874.
Reorgan¬
ized under present title June 18, 1879, after foreclosure sale under tirst
opened Dec., 1885.
mortgage July 18, 1877.
The stock is $8,076,600 common; 1st preferred, $871,500, and 2d pre¬
ferred, $1,078,300. First pref. has prior right to 7 per cent (non-cum.);
then 2d pref. entitled to 7 per cent.
In Oct., 1884, default was made in payment of interest.
In October,
1885, a plan was brought forward, but never earned out, and in May,
1887, another plan was made. See V. 44, p. 653. Foreclosure sale was
made on sept. 17, 1887, and the Eastern Division and branches were
sold to .las. Thompson of New York lor the Reorganization Committee.
Mr. A. B. Stickney is the Pres’t, and his report giving the result of his
investigation into the company’s affairs was in V. 43, p. 634.
In Dec., 13*6, Mr. Ethelbert L. Dudley was appointed receiver. A suit
is pending by the Central Trust Company', Trustee, to foreclose the con¬
solidated mortgage.
The fiscal y ear ends Dec. 31. The income account was as follows :
INCOME ACCOUNT.
1884.
Gross earnings
Net earnings
Int. on bonds, car trusts,&c
Balance
$1,448,259
$109,800
466,998
1885.
$1,307,371
$323,894
563,687
629,000
619,000
612,000
127,000
500Ac.
....
Gross income
987,000
3,700,000
Too
....
.
....
4.600.000
4,430,000
503,000
7,245,988
(0
18.563.200
w
•
5,000,000
5,000,('00
1,000
1.000
...
.
630,000
1,600.000
7,500,000
1,000
certificates
44 }
Ventral Massachusetts-Stock ($3,852,088 is pref.)
44
1886
Mortgage bonds (for $2,000,00u) coup
648
Central of New Jersey—Stock
! 1887
General mortgage, gold, coup. (A reg. Q.- J.)
74
1869
1st mortgage bonds
1872
Bonds (convertible Nov., 1875 to 1877)
97
1874
Consolidated mortgage (for $25,000,000)
Am. Dock A Imo.Co. new M. bds., guar. C. of N. J.
1881
Debenture bds., conv. into stock till 1907
1883
137
Central Ohio—*tock ($391,700 ol this is pref.)
137
1st mortgage bonds
137
1836
Consol. 1st mortg. ifor $2,850,000), gold, coup...
Central Pacific—Stock
1,687
1st mort., gold, (2 sinking funds, $50,000 each)..
742 : 1865-8
50
1864
C’alifor. State aid, gold (s. fund, $50,000) extend.
146 I 1870
lstm.S. Joaq’n Val. Br., gld (s.f. $50.000)
742 1
U. S. Loan, (‘2d lien on certain terms)
$1,377,000
1,600,000
1886.
$1,305,931
$153,5o3
630,000
5,000,000
1,643,000
5,243,000
5,000,000
896,000
2,704,250
1,842,000
1,000.000
68,000,000
25,883,000
284,000
6,080,000
25,883,000
7
6
7 g.
6
4
7
5 g.
6
6 v
7
7
6 g6
6
J. A J.
M. A N.
M. A N.
....
J.
J.
M.
J.
J.
J.
A.
A.
A.
A.
A
A
A
A
A
A
A
A
A
A
A
N.Y., J. Ken. Tod A Co.
N. Y., 195 Broadway,
do
U.S.
do
Treas., at maturity.
Jan.
2, 1907
May 1, 1895
May 1, 1895
1896, ’97, ’98
D.
Savannah, Ga.
June 22, 1887
J. N.Y.Nat.City Bk.,ASav. Jan. 1, 1893
N.
New York.
May 1, 1937
J.
Savannah, Ga.
1891
J.
New York.
Jan. 1, 1892
J. Last paid July, 1886.
July 15,1899
O. No interest ever paid.
3 mos. notice.
O. Last paid April, 1884
April 1, 1912
Last
O.
1924
paid April, 1384
O.
Last paid April, 1884
1912
D. h) coups, pd. to June,’88
June 1, 1924
«s-
J.
5
A. A O.
..........
'
-
-
-
-
•
'
Oct. 1, 1906
1*2
5 g.
7
7
7
5
6
3
6
4hi g3
6 g.
7 g.
6 g.
6
J. A J.
F. A A.
M. A N.
Q.-J.
J.
M.
J.
M.
M.
F.
J.
J.
A.
J.
A
A
A
A
A
A
A
A
A
A
J.
N.
J.
S.
S.
A.
J.
J.
O.
J.
New York, Agency.
New York, at Office.
Last paid May, 1896
Last paid April, 1880
Last paid July', 1836
Last paid Nov., 1884
Balt., at B. A O. office.
do
do
do
do
N. Y. A San Francisco.
N. Y., So. Pac. RR.
do
do
do
do
U. S. Treasury.
July 1, 1987
Feb. 1, 1890
Nov. 1, 1902
July 1, 189 ‘
July 1, 1921
May 1, 1908
July 30,1887
Sept., 1890
Sepr. 1,1930
Feb. 1, 1884
1895 to ’98
July 1, 1888
Oct. 1, 1900
1895 to *98
payment of mortgage coupons, the P. A R. Co., lessee, having defaulted
in payment of the rental.
On June 1, 1883. the road was leased for 99 years to the Phila. A
Reading RR. Co. at 6 per cent on stock and iuterest on bonds, hut a
was rendered in Feb., 188 >, holding this lease void and on Oct.
15, 18*6, Messrs. J. 8. Kennedy and Joseph S. Harris were appointed re¬
ceivers, and resumed possession Jan. 1, 1887.
In June, 1887, a plan for complete readjustment of the debt was
pro¬
posed. under which a new gold mortgage for an authorized amount of
$50,000,600 is issued, bearing not over 5 percent interest, into which
all obligations for debt or guarantees will bo funded as rapidly as possi¬
ble. Tne full statement of the company’s proposal to each class of
debt, with status, Ac., was given in V. 44, p. 714, 716.
decision
In the y ears ending Nov. 30, 1884.1885 and 1886, theP. AR. Co.,lessee,
reported gross receipts, net, fixed charges, including 6 per eem guaran¬
teed dividend, on this road as follows;
1883-4.
$10,441,095
Gross
earnings
Expenses
L/Oss
$1,806,420
1,113.792
$4,601,266
$4,825,851
1,113,792
$4,690,706
$4,847,000
$5,920,212
$5,939,643
$5,060,792
$4,445,980
5 Fixed charges
^ Divi'ds (if paid)..
...
1885-86.
$10,690,719
5,995,114
Net earnings
1884-5.
$10,300,466
5,699,200
6,000,013
1,113,792
Deficit for the year
$1,338,377
$1,474,231
$1,270,086
—(V. 44, p. 21, 275, 362, 466, 525. 544, 620, 712, 714, 716, 781, 80S ; V.
45, p. 25, 1 12. 1 13. 135, 166, 271, 304.)
Central Oliio.^)wns from Bellaire,
Oliio, to Columbus, Oliio
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
1865. Leased to the Baltimore A Ohio, for 20 years, Nov. 11, 1866;
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was
extended to Dec. 1, 1926, with the option of renewing for terms of 20
years perpetually. The consol, mortgage is for $2,850,000 at 4^2 per
cent, running till 1930; the B. AO. Company received $l,000,0t0 of
improvements on tlio Cent. Oliio. In 1884-85 gross earn¬
ings $1,060,166; net, $205,856; rental, $371,058; loss for year, $75,202.
In 1885-86 gross earnings, $1,270.476; net, $478,523 ; surplus over
rental, $33,857. The road between Newark A Columbus (33 miles) is
owned jointly with the Pittsb. Cin. A St. Louis RR. Co.
(V. 43, p. 102.)
Central Pacific.—(See Map of Southern Pacific.)—Imne of Road—
—Main line—Sun Francisco, Cal., to Ogden, Utah, 883 miles, and
brunches, 408 miles, and auxiliary lines, 395; total, 1,291 miles; operunder lease or contract; Cal. Pac., 115, North. R’.v, 154: total length of
road operated and accounted for Jan. 1, 1887,1,687 miles.
In connec¬
tion with the Union Paciiic, the Central Paciiic forms a continuous
line from San Francisco, Cal., to Council Bluffs, Ta. (1,918 miles), which
was opened May 10, 1869.
The Cal. A Oregon line is being extended
northward to a junction with Oregon A Cal. at the State line.
In March, 1885, the Central Pacific lines were leased to the Southern
Pacific Co in pa ny, and the. previous lease of the Southern Pacific Railroad
to Cent. Pacific was relinguished to the same company' The. ('eut Paciiic
receives all its net surplus income sntove annual charges of every sort and
betterments and a minimum rental <>f $1,2o0,0o0 and a maximum of
$3,600,000 (payral>le annually on May l), is provided for by the lease,
but this rental is tirst applicable to the payment of Central Pacific
floating debt, if any. and no dividends have Hinco been paid on Central
Paciiic stock. Tue total floating debt Dec. 31, 1886, was about $3,250,0< 0.
(See abstract of lease, V. 40. p. 4*0.)
The Charter, Leases, Ac.—The C. P. was a consolidation (Aug. 22.
1870) of the ^Central Pacific (organized Oct. 8, 1864), California A
Oregon, San Francisco A Oakland; San Francisco A Alameda and San
Joaquin Valley railroads. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to tne Pacific railroads; the act of July,
1864, made the lien of the government subject to that of the tirst mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
of the net earnings; the “Thurman” act of May 8, 1878, directed that
the other one-half of charges lor Government transportation should be
withheld, and also that the company should pay $1,200,000 yearly to
the Government for the sinking fund of its debt or as much thereof as
shall make the 5 per cent of net earnings, plus the whole transportation
account, equal 25 per cent of the whole net earnings for the y ear. The
leases are numerous and mostly for short dates, and the terms of each
in brief were, stated in the Chronicle, V. 37, p. 47.
A consolidation with Oregon A Cal. RR. by? an exchange of stock has
been made.
(See O. A C. m this Supple went.)
these bond for
Def. $57,198 eDef. $239,792 Def. $477,cOO
—(V. 43. p. 216. 458, 634, 671; V. 44, p. 117,211, 551, 633, 712 ; V. 45,
p. 14 2, *39, 303. 304. 373.)
Central of llassachusetts.-Tliis company was organized Nov.
10, 1883, by' the bondholders who purchased the Massachusetts Central
at foreclosure sale Sept. 1,1883. Road completed from Cambridge to
Jefferson, Mass., 44 miles. In Sept., 1886, a lease was made to the
Boston A Lowell for the term of 99 years on the basis of a rental of 20
per cent of gross earnings up to $1,000,060, and 25 per centon earnings
above that amount, but with a guarantee of sutticieD* r,inial to pay in¬
terest.—(V. 43. p. 274, 367, 508, 579.)
Central of New Jersey.—(Sec Map)-Owns 269 miles, leases 264
miles and operates 116 miles;
total, 648 miles, not including the
“Switch-back,” 18 miles. The principal leased lines in Pennsylvania
Stock and Bonds—The iollowiug dividends on Central Pacific stock
are the
Lehigh A Susquehanna and the Lehigh & Lackawanna, with were paid, viz.: In 1877, 8 per cent; 1880, 6 per cent; 1881, 6 ; 1*82, 6 ;
their branches, Ac. Under the lease of 1883 to Philadelphia A Reading
18*3. 6 ; and in 1884, 3 per cent. Prices of stock since 1879 have been :
the minimum rental of Lehigh & Susquehanna wa« made. $1,414,400 In 1880,63®971a; in 1881. 80L3®10278; in
1882, 823s3>97hi; in 1883;
and maximum $1,728,700 till 188s; then $1,885,800 till 1893, and 61®88; in 1884, 30®67% ; in 1885,
26*a®49; in 1886, 38®5l; in 1887,
after that $2,013,000.
In Feb., 1877, the property was placed in the to S-.pt. 16, 33 443%. Most of the issues of bonds have sinking funds,
hands of a receiver. A majority' of the Lehigh A Wilkesbarre Coal as seen in the table above, but these
sinking funds are invested mainly
Company’s stock is held by Central of New Jersey, and of the in the bonds of other Huntington lines and accumulate; the bonds
$11,500,000 Lehigh A Wilkesbarre Coal bonds, $6,116,000 are held are not called in. The sinking funds amounted Jan. 1,1887, to $9,543,by' Central of New Jersey' and receive interest after all other bonds 0.2. The laud grant bonds are retired with proceeds or land sales. In
are satisfied.
The entire capital of the American Dock A Improvement Oct., 19 6, ihe land giant and
mortgage 50-year bonds w re created
Company is owned by the railroad company, and the right exists to for an authorized amount of, $16,0u0,000, to take up the $ >, 00,000
purchase the bonds by lot at 110. On Feb. 1, 1885, default was made in
of 2d M. land bonds and foj other purposes. (Se^ V. 45, p. 179. 241.)
86
INVESTOKS’
SUPPLEMENT.
[Vol. XLV.
RAILROAD
September, 1887.]
Subscribers will confer
a
STOCKS AND
BONDS.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
explanation of column headings, Ac.,
on
first page
see notes
of tables.
Central Pacific—(Continued)—
West. Pao., 1st m., gold, (incl.
West. Pac., Government lien
Miles
of
Road.
$111,000 reserved)
158
Oregon, 1st M.. gold, guar., (8. f. $100,000)
Cal. A Oregon Cent. Pac., mortgage
San Fran O. A A., 1st M. (s. f. $100,000)
123
152
144
20
Cal. A
Land graut 1st mortgage bonds
1st mort. & laud grant, fifty-year, gold, bonds, s.f.
Income bds.($6,000,000),skg.fd.,10 p.e.per ann’m
Char. Chnn. d Chicago—1st Mi, g., ($25,000 p. m )
Charleston d Savannah—Gen. M., $1,500,000, gold.
Charlotte Columbia d Augusta—1st mort. consol...
2d Mortgage
Columbia & Augusta 1st mortgage
Consol, mortg., gold (for $3,000,000)
Ohartiers— 1st mortgage
Chesapeake d Nashville -1st mortgage
Chesapeake d Ohio— Purcli. money funding bonds...
1st mortgage, gold, series “A”
~
do
do
do
do
do
do
do
“B”
ext’d at 4 per ct.
Bonds, not mortgage
Chicago d AI ton—Common stock
Preferred st’ek (7 p. c. y’rly not cumulative)
423
....
....
115
191
191
....
•
•
•
•
23
35
428
503
428
423
funding scrip
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, of 1911, Peninsula Extension
1st mort., gold, of 1922 on extern (for $3,000,0J0)
Equipment trust bonds.....
Ches. Ohio & Southwest.—1st M., gold ($19,000 p. m )
2d mortgage ($11,000 per mile)
Paducah A Elizabetht’ii, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,000,000
Cheshire—Stoen, preferred
428
75
....
353
351
186
....
64
....
850
...
.
850
Date
of
Size,
1869
1869
1868
1872
1870
1870
1886
1878
1887
1*86
1869
1872
1365
1883
1871
1*87
1878
4878
1378
1878
$1,000
$2,735,000
1878
1831
1882
Var.
1881
1881
100 Ac.
1877
1882
....
*76-’78
....
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
1,000
1,090
1,000
1,000
100 Ac.
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
189.500
Nil.
500,000
875,000
2,279,000
2,000,000
9,330.090
5,670,009
975,000
10.106,189
2,000,000
142,000
1,209.000
6,070,000
2,768,230
500.OuO
669,000
100
500 Ac.
100
100
sinking fund
suspense, $930,995.
From Jan. 1 to June 3 »in. 1387 (6 mont hs), gross
earnings on 1,408
miles were $5,337.39 ), against $5,393,372 on 1,309 miles in 1386;
net,
$2,643,930, against $2,811,218 in 1836; deficit under i ate rest, rentals.
Ac.. $213,01o in 1*87.
The animal report for 1886 siiowed gross earnings
$14,381,420; not,
$8,077,821; charges. $6,789,542; surplus, $1,321,998.
-(V. 43, p. 73, 217, 244, 745; V. 44, p. 59, 118, 148, 400, 459, 553, 781,
782; V, 45, p. 52, 14.2. 166, 178, 179, 241, 340.)
Charleston Cincinnati Sc Chicago.—This road as projected is
being built by the Mass. A Southern Construction Co. from Charleston,
S. C through the States of South Carolina, North Carolina.
Tennessee.
Virginia and Kentucky, to’Ashland, on the Ohio River; 45 miles be¬
tween Rutherb rfftou, N. C., and Black Station, S. C., on the R. A I).
Air Line, were completed and put in operation on
April 18, 1887, ami
,
105 miles between Black’s Station, S. C., an t C.tnuh u, S. C.,
are now
under construction, to be completed by Jan. 1, 1883. On Aug. 2,
1837,
the company voted to take up and cancel the bonds issued under
a
mortgage dated Oct. 1, 1886, and to issue the above bonds, covering
the whole line of road from Charleston to the Ohio River. The coun¬
ties. towns and townships through which the road runs have
already
voted aid to the amount of about $1,500,0 M), payable in their 6 and
7 per cent bonds, in exclii.nge for an equal amount of stock. These sub¬
scriptions are payable as the road is completed. Geneial offices of the
company, 45 Broadway, New York.
Cliarle«toii Sc NiivamiaU.—Owns trom Savannah, Ga., to Charles¬
ton Junction. 8. C., 104 miles; operates—Ashley River
branches, 4 miles;
Charleston Junction to Charleston, 7 miles; total, 115 miles. This was
first the Chari. A Sav. HR.; reorganized in 1366 under name of Savan¬
nah A Charleston, and opened March, 1870.
Sold in foreclosure June
7, 1880. and present company organized.
Stock, $500,009.
In addi¬
tion to tin* gen. mort. bends, there are $1,000,000 1st
pref. income 7s
$1,000,000 2d pref. income 7s. Earnings, gross In 1885, $453,799 ;
In 1836, gross, $482,895; net, $,2,418. II. B. Plant
$85,216.
0
Charlotte
Columbia Sc Augusta. — Owns
from Charlotte,
N. C., to Augusta, Ga., 191 miles.
Leases Atl. Teun. & O. HR.,
Charlotte to Statesville, 44 miles ; Cheraw A Chester, 29
miles;
and Chester A Lenoir, 109 miles. The Charlotte Col. A
Aug. was a consoli¬
dation (July 9, 1869) of the Charlotte A South Carolina and the Columbia
A Augusta. The toad has been under the control and
management of
the Richmond A Danville since 1878, and in
May, 1836, was leased to
said company. None of the new consol bonds had been issued to
Sept.
1886. Gross earuiugs iu 1885-86, $785,759; net,
$257,767; deficit after
ail interest and rentals, $1,551. In 1834-85, gross
earnings, $826,967;
net, $364,010; surplus over all charges, $99,335. Stock,
$2,578,000.
-(V. 43, p. 718.)
Cliartlers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Sold under foreclosure, and
reorganized in 1867. Leased for 99 years
from January 4, 1872, to the Pittsburg
Cincinnati A St. Louis; the
rental is net earnings. Gross earnings in 1886, $2 47,044; net
earnings,
$121,978; in 1885, gross earnings, $137,234: net, #45,5)6. Capital
stock, $647,850. First dividend, 2^ per cent, was paid March 1, 1887.
Chesapeake Sc Nashville.—Road owned from Gallatin to Scottsville, Teno., 36 miles, and branch, Gallatin to Ilartsville, 12 ini.es, For
the construction of the Northern Division, from Scoitsville to a
point
near Danville, Ky.t about 10J miles, blocks of
$L0,0u0 were offered to
stockholders Feb. 10, 1887, by a circular of
Eugene Ziminerrnann, the
President.
Chesapeake Sc Ohio.—(See Map of Newport News d Mississippi
Talley.)—Owns from Newport News, va., to Big Sandy River, W. Va., 502
miles; Newport News to Phoebus, 8 m.; total owned, 511 in.; operates
only 502 m. Consolidation of Virginia Central and Covington A Ohio,
and opened through March 1, 1873. The present
company was organ¬
ized in July, 1878, as successor of the Chesapeake A
Ohio, whien'was
under foreclosure April 2, 1878. The Elizabethtown Lexington
A
Big Sandy Railroad connects on the west with the C. A O., aud extends
to Lexington, Ky.
In June. Is86. this road was leased to the Newport News A Miss. Val¬
ley RR. Co. for 250 years, the lease being an operating agreement with¬
out obligation on the lessee to pay interest
if earnings aie deficient.
The stocks including scrip outstanding were as follows
Sept. 30,
3.285,000
(0
1,081.000
2,000,000
500,000
1,000
above, to -the 8o. Pacific at a net reutal guaranteed of
year, subject to the debts due the lessee company.
No dividends have yet been paid tunce tlie leise, and in the balance
sheet of the Southern Pacific Co. Dec. 31, 1886, the <lebr, yen due from
Central Pacific was pla< ed at $2,147,034. The Ce deal Pacific balance
sheet of that date gave the following iie us of float ng debi, viz : South.
Pacific Co., $822,035; trustees of lau l grant mortgage.
$1,413,361;
sold
12,200.090
....
as
President. New York.
1,970,000
6,000,000
5,800,000
637,000
4,070.000
1,000
$1,200,000 per
and
net,
Amount
Outstanding
Bonds
Operations, Finances, Ac.—Tho Central Pacific Railroad had a strict
monopoly of business in the territory occupied by it, and for many years
was able to control the traffic.
The C. P. stock after paying dividends
for a few years ceased to pay after February, 1884.
In 1885 the road
lease-),
INTEREST OR DIVIDENDS.
or
Par
Value.
The Land Grant.—The total land granted the Central Pacific and the
California A Oregon companies was about 12,000,000 acres, of which
about 2,240,Ouo acres had been sold to Deo, 31, i83G
In 1880, 284,
623 acres weiv sold for $292,024 and $307,014 cash was received
by
the Land Department. L ind contracts on baud Jan.
1,1887, $1,124,128.
was
27
2,100,000
809,000
14.110,800
3.479,500
Rate per
Cent.
6
6
6
6
8
6
6
8
r>
7
7
7
7
6
7
5
6
6
6
4
g.
When
Where
Payable
Payable, aud by
Bonds—Prinoi
pal,When Due
Stocks—Last
Whom.
Dividend.
J.
A J. N.Y., So Pac.Co., Office. July 1, 1899
U. 8. Treasury.
1899
J. A J. N.Y., 8o.Pae.Co.. Office. Jan. 1, 1888
J. A J.
New \Y>rk A London.
Jan. 1, 1892
J. A J. N.Y., So.Pac.Co.. Office, July 1, 1890
A. A O.
do
<io
Oet. 1, 1890
A. A O. N. Y. A San Francisco.
Oct. 1, 1936
M. A N.
N. Y. and San Fran.
Mav. ’84 to ’88
Bost. Safe D. A T Co.
Q-J.
July 1, 1947
J. A J. Charleston A New York.
Jan. 1. 1936
J. A JJN.Y., First National Bk. Jan. 1, 1895
A. A O.
do
do
Jan. 1, 1910
J. A J.
do
do
Jan. 1, 1890
J. A J.
New York Agency.
July 1, 1933
A. A O. Philadelphia, Penn R.R. Oct.
1, 1901
F. A A.
New York Office.
Aug. 15. 1937
J. A J. N.Y.Office.Mills B’lding July 1, 1898
A. A O.
do
do
July 1, 1908
M. A N. -s Mav coup. pff. in scrip July 1, 1908
M. A N. N.Y., Company’s Office. J dy l, 1986
....
gg.
g.
gg.
g.
g.
g.
g.
gg.
g.
g.
....
6
6
6
6
5-6
6
6 A
6
3
6
2
2
J.
g.
g.
A
J. N. Y.
A. A O.
J. A D.
Various
g.
8
F.
F.
F.
J.
J.
J.
A A. N.
A A.
A
A
A
A
A.
J.
Company’s Office.
do
do
do
July
do
do
do
Yr., 52 Excli’ge Place.
do
do
do
do
do
do
do
do
i,
1918
Jan. 1, 1911
June 1, 1922
Various.
Feb. 1, 1911
Feb. 1, 1911
Feb. 1, 1907
Yearly to 1892
Keene, N. II., Office.
July 1, 1887
Boston, Office.
July 1,’96A’98
N.
8.
Q. —M.’
Y., John Patou A Co.
pt 1, 1887
J
J
Q--M.
June l.
1887
1887; Common, $15,996,138; preferred stock—first, $3,447,801; second.
$11,594,000. The second mortgage currency bonds till July, 133 4, took
interest in 2d pref. stock, then for two years take
partly in that stock and
partly cash, aud afterwards all cash, if the earnings are sutlieient, but
“all interest not paid in cash to be paid in 2d pref. stock.”
Tim holders
of first mortgage “B ” bunds cannot foreclose till six successive
coupons
in
are
default. The mortgage bonds of 1882 for $3,000,000 are secured
on road from
Newport News to old Point Comfort, VA, and terminal
works ; aud on a branch to
built in West Va. from Scary Creek to the
Ohio River.
(See an abstract of the terms of mortgages i 1 V. 45, p. 54.)
First preferred stock has prior right to 7 per cent from
surplus; then 2d
pref. to receive 6 per cent. The Ches. A Ohio guarantees $7uu,000 bonds
for a graiu elevator, but in case of paying them will take the elevator.
In May,’85, the company paid in cash one-half of the coupon
falling
due and rHe same in Nov.. ’85 and ’36, but paid
only one-third in cash in
May, 1886, and again in May, 1837—the balance of each coupon was
paid in scrip.
In August, 1836. Mr. Huntington issued a circular
proposing that the
B ” bonds should have interest reduced to 4 per cent and the
principal
extended to 1936, the holders receiving a bonus of 25 per cent in New¬
“
port News A Miss. Valley Co’s stuck; tlm holders of currency bunds to
surrender tlmir bonds in exchange for 125 per cent in said stock.
(See
V. 43, p. 152 and 514.)
From Jan. I to July 31, 1887 (7 months), gross earnings were
$2,449,
192, agaiusr $2,225,427 iu 1-86; net, $728,690, against $638,790.
The annual report for 1836 was in the Chronicle, V. 4 4,
p. 465.
Earnings aud expenses have been as follows since 188 4 :
Years.
4884
1885
1883
Gross
Earnings.
$ J,538,60 4
Op’g Expenses. Net Earn’gs.
$2,499,744
$1,038,860
2,465.8 4 2
*95,423
3,361,235
4.096,048
2,977,208
1,118,840
-(V. 43, p. 22, 152, 514, 671, 746; V. 44, p.90, 91, 344, 465, 551, 781,
808; V. 45, p. 54. 142 )
Chesapeake Ohio Sc Southwestern.—{Sec Map of Newport News
d Mississippi Valley.- Owns trom
Elizabethtown, Ky., via. Paducah, to
Memphis, Teun., 352 miles; leased, Cecilian branch of Louisville A
Nashville, 47 miles. Total operated, 393 miles. This road forms the
western connection of the Chesapeake A Ohio and tho Lexington A
Big
Sanly. In Pel)., 1886. leased to the Newport News A Mississippi Valiev
Company for fifty years. The company purchased the .Memphis Paducah
A Northern—Paducah to Memphis—and the Paducah A Elizabethtown,
subject to the $500,000 mortgage on the latter, and leased in perpetuity
the Cecilian Branch of Louisville A Nashville, from Louisville to Coelliau
Junction, for $50,000 per annum, with option of purchasing it for
$1,900,000. The 1st mortgage bears 5 per cent till August, L387, and
6 thereafter.
Of the 2d mort. bunds $726,000 are ex-coupon to Aug.
1887. Stock—Common. $6,030 600, and preferred, $3,696,000.
From Jan. 1 to July 3L in 1887 (7 months), gross earnings were $1,000,649. against $877,686; net, $373,131, against $287,952.
Tho annual reports have shown:
1884.
Gross
Net
earnings
earnings
Interest, rentals, taxes, Ac
Balance, deficit
-(V. 44, p. 90, 204, 344, 750.)
$1,571,155
$339,951
621, L80
$231,229
1835.
1836.
$1,713,326 $1,717,909
$502,531
$656,525
63 i,920
674,620
$132,389 df. $18,095
Cheshire.— Owns from South Ashburnhain, Mass., to
Bellows
Falls, Vt., 54 miles; leased, Monaduock Railroad, Winchendon to
N
Peterboro,
II., 16 miles; aud 10 miles Vermont A Mass; total 80
miles; but the Monaduock, 16 miles, is not included in the Cheshire
earnings, leaving 61 miles operated.
$51,000 rental paid to Vt. A
Mass, for leased portion of road. Capital stock—common, $53,300, and
preferred, $2,100,000.
Gross receipts in 1831-85, $561,203; not,
$213,856. In 1885-86, gross $628,0.2; net, $23 4,4 Vt; surplus over
interest, rentals and 5 per cent dividend on pref. stock $29,711, against
$45,410 iii 1884-35 over a 3 per cent dividend.
Chicago Sc Alton.—Link op Road—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington A Lac’n, 80 miles; Roodhouse to Louisiana, 38 miles;
Upper Alton line, 8 miles. Total owned, 400 miles.
Leased—Chicago
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
to Cedar City, 101 miles; Kansas City to Mexico, 162 miles.
Total
leased, 450 miles. Total operated. Dee. 31, 1886, 849 miles.
Organization, Leases, Stocks and Bonds.—Chartered as the Chic.
A Miss., Feb. 27, 18 47; reorganized under act of Jan. 21,1857, as
Chic. Alton St. A Louis, and under act of Feb. 16, 1861, the present
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new organization in
October, 1862.
Chicago and St. Louis were connected l>y tho present
line in 1864. The annual meeting is held the first Monday iu April.
The Joliet A Chicago is leased from January 1,
1861, for the
term of its charter, and forms part of the main line.
Rental, 7
The St. Louis Jacksonville A Chicago was
per cent on
stock.
leased in perpetuity from April 30, 1868, at a rental equal to 40 per
cent of gross earnings until the amount reached $700,000, with a mini¬
mum of $240,000
a year, and the company iu 1834 was merged with
Chicago A Alton and its stock exchanged for C. A A. stock, (dee V. 38,
p. 455.) The Louisiana A Mo. River RR. is leased for 1,000 years. Rental,
98
INVESTORS’
SUPPLEMENT.
[Vol. XLV.
rporry
La fa
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Seymour
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Jeffers,
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Bchanon
Jwensboro
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af
a turns vuiegr •
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RAILROAD
September, 1887.]
Sub*c/*ibers will confer
a
explanation of column headings, Ac., see note8
on first page of tables.
Chic, <& Alton— (ContJ—Qen. M., st’g.,for £900,000
1st mortgage
Joliet A Chicago, 7 per cent, stock
8t. Louis Jacksonville A Chic., 1st mortgage...
do
do
1st M. end. by Chic. A Alton
do
2d M. endorsed by C. A A.,
do
do
do
2d mortgage (convertible)
La. A Mo., 1st M. ($139,100 assumed by C. & A.)
do
2d M. (int.guar. C. A A.)
do
‘ guar. nref. stock
Bonds for K.C.St.L.A C. (1st mort. as collateral).
Preferred stock, K. C. St. L. A C., guar. C. & A—
Common stock
do
Mississippi Riv. Bridge st’k (7 p. c. guar, by C AA.)
C. & A. boudson Miss. Riv. Bridge, 1st mort., gold
Chicago <£ Atlantic—1st mort., gold, $ or &
2d mortgage (for $5,000,000)
Miles
Date
of
of
Road. Bonds
322
220
33
150
37
37
150
101
101
....
1864
1864
1868
1868
1870
1877
....
1878
....
....
....
249
249
360
360
....
35 per cent of gross
i
....
....
Debenture bonds for Han. A St. Jo. stock
North.Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
.■
Sink fund bonds (for Albia Knoxv. & D. M. road).
Nebraska extension siuk’g f’d b’ds, coup, and reg
Dixon Peoria A Hannibal, 1st. ? Coup., nut may \
Ottawa OswegoA Fox Riv., 1st > be registered. 5
1873
1862
162
Chicago Burlington <£ Northern.—Stock
1st mort., redeemable at 105 and accum. iut
Ten-jrear debentures ($?,250,0u0i
4,036
Chicago Burlington <£ Quincy—Stock.
Consolidated mortgage coupon, (for $30,000,000
825
Trust mort.on Iowa lines,coup.or reg.(s.f. l^p.c.)
790
Bonds Denver exten. 4s, (sink, fund l percent)..
Bonds for Bur A S. W. road (s. f. 1 p. c.)
gage
....
100
96
....
33
....
45
70
earnings, but interest guaranteed
on
Size,
Par
January 1, 1887, $128,357.
.
.
1,000
1,000
1,000
1,000
100
1,000
100
.
....
....
1877
1881
1883
1886
1386
....
1,000
1,000
1,000
1,00
1873
1879
188 2
1881
1883
1860
1864
1872
1875
1887
1869
1870
per
cent be
more
1,000
1,000
1,000
1,000
....
....
1,000
1,000
500 Ac.
1,000
second mort¬
rental in 1886, $186,279; surplus
floating debt; Uoating debt unpaid
The Kansas City St. Louis A Chicago is
130®l46; in 1883, 140® 150; in 1884, 342® 152; in 1885, 147a 155; in
1886, 150®lG2;
in 1-87 to Sept. 16, inclusive, 155®164.
Common in
1881, 127® 156; in 1882, 127^/2)145^; in 1883, 128®13714; in 1884,
118®140i4; in 1885, 128®140; in’86, 138 ®140; in’87 to Sept. 16, in¬
clusive, 143 (t 155.
Dividends wore as follows: prior to the current year: In 1877, both
stocks, 7^2; in 1878, both 7; in 1879, preferred 7, common 6; in 1880.
pref. 7, com. 6^ : in 1881 both 8; in 1882 both 8 : in 1883 both K; in
1884, both 10; in 1885 and in 1886, both 8, the periods being changed
from semi-annual to quarterly in May, 1881.
Operations and Finances.—The Chicago A Alton road has been par¬
large local business between Chicago and
St. Louis, so that it was less dependent on through business, which is
done at competitive rates.,. Its leased lines arc its completely controlled
as if owned, and the system is compact.
From Jan. 1 lo June 30 in 1887 (6 months) gross earnings were
$3,964,931, against $3,522,328; net. $1,657,179, against $1,420,361.
Operations, earnings, ttec., have been as follows for four years past.
Fiscal year ends Dec. 31. Annual report for 1886 was in V. 44, pi 307.
INCOME ACCOUNT.
1883.
Receipts—
$
3,713,578
Net earnings
Other receipts
Total
Disburse tn oils—
1884.
1885.
$
$
3,380,322
3,575,484
284.773
278,818
3,99.-,351
3,854.302
$
823,565
272,845
3,653,167
1886.
$
3,409,684
282.654
292,221
770,683
1,646.810
380,702
839,307
3,0.12,338
$
701,777
254,134
836,381
1,409,750
1,407,224
86.963
88.263
93.854
102.116
3,930,727
3,621,572
3,428,086
3,301,032
$
Rentals paid
C mstruc’n,equip., Ac
Interest on debt
Dividends
Miscellaneous
1,208,277
740,759
700,544
1,194,184
Total disbursem’ts
$
704.473
232.730
Balance, surplus
67.624
225,081
390,706
-(V. 44. p. 2' 5, 307, 327; V. 45, p. 25. 301.)
Chicago Sc Atlantic.—Opened May 14, 1883, from Marion, O.,on
line of N. Y. Pa. Ac O., to Hammond, Ind., 249 miles, and thence over
the Chicago A West. Tml. to Chicago, 19 miles. Built as a connecting line
for N. Y. P. 6c O. and N. Y. L. E. Ac W„ and both these companies guaran¬
teed the oross earnings on business over their roads to and from the
Chic. & Atlantic, as security for interest on the bonds. Stock, $10,o00,000. of which $9.0o0,000 was deposited withH. J. Jewett (then President
of N. Y. L. E. Ac W.), in trust to hold and vote on it. On Nov. 1,1884, the
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds
were largely pledged for N. Y. Lake E. A W. loans, partly to Grant Ac
Ward,
in Feb., 1886, suit was brought by the Farmers’ L. & T. Co. to
foreclose the first mortgage.
In May, 1886, Mr. Jas. H. Benedict was
elected President.
An outline of proposed foreclosure and arrange¬
ment with Erie was in Chronicle of March 19,1887, V. 44, p. 369, by
which arrangement the new issue of bonds will be $12,0rt0,o00 at 4 per
cent gold, guaranteed by N. Y. L. E. Ac W., and $1* 0,000 only of stock
to be held by that company; there will also be $10,000,000 of 5 per
cent nOM-cumulative income bonds.
(V. 43, p. 131, 217, 308, 333; YT. 44,
p. 21, 173, 313, 369.)
Chicago ISiirJlngton Sc Northern.—Owns rrom Oregon, I I.,
to St. Paul, Minu., 348 miles, and track from Fulton to Savanna, III ; total
360 miles. The road was completed Aug., 1886, under Chicago B Ac Q.
auspices, as per circular of August 1, 1885 (in Chronicle, V. 41, p.
16d). The Chic. B. Ac Q. and Chic. Ac Iowa give a traffic guarantee for
twenty yea* s of one-half of their net earnings derived from business to
and from the C. B. Ac N., to bo not less than $LUO,oOO per year, for the
purchase of C. B. Sc N. bonds at 105; and after 1896 the bonds may all
be retired at 105.
Any 2 i mort. issue l must be limited to $io,000 per
mile, and shall provide that, out of the bonds is-uod iherenuuer, an
amount
equal t
»
the principal of the debentures then outsiaudiug
shall be reserved and applied only to their payment.
From Jan. 1 to
June 30 in 1 *87'(0 months) gross earnings were t> 1,270,285 ; net earn¬
ings, $331,575. (V. 43, p. 125, 217, 308, 334, 516, 619; V. 45, p. 210.)
cuicago Burlington Sc tjtuincy. — Line of Road.—The C. B. Ac
Q. is one of the most complex railroad systems in the U. 8. It has a net¬
work of lines in Ill.. Iowa and Neb.
Bonds—Princi
300,000
329,100
2,492,000
1,750.000
271,700
309,000
7,968,000
4,300,000
9,000,157
J:
J.
A. Ac O. N. Y., John Paton A Co.
M. & N. Last paid May 1, 1884
F. A A.
None paid.
6 g.
5
6
2
7
4 A 5
4
4
5
391,000
653,000
547,500
378,000
12,000,009
545,500
5
4
8
1,076.000
8
4 g.
7
7
Stocks— Last
Dividend.
Whom.
7
6
6 g.
6 g.
3*2
pal,When Due,
1 Where Payable, and by
1*2
3*2
7
7
7
7
7
7
44,000
1,785,000
When
Payable
July 1, 1903
Jan., 1893
Oct., 1887
April. 1894
April 1. 1894
July, 1S98
July, 1898
Aug., 1900
Nov. 1,
1900
Aug. 1, 1S37
May 1, 1903
Aug. 1,
1837
May 1, 1886
Chic., Treasurer’s Office
Til 1S86
Oct.
1,
1,
Nov.
1912
1920
Aug. 1,1923
A. Ac O. Bost., Merch. Nat. Bank
J. A D.
do
do
Q.-M. Boston and New York.
J. A J. N. Y., Bk. of Commerce.
A. A 0.
do
do
F. A A.
do
no
M. A S.
do
do
M. A N.
do
do
J. A J.
Frankfort.
A. A O. N.Y., N. Bk. of Com’ree.
J. A J.
Boston, Co.’s office.
J. A D.
do
do
M. A N.
N. Y. aud Boston.
J. A J. N.Y., N. Bk. of Com’rce.
J. A J. New York and Boston.
April 1,
Sept.
1926
1896
15, 1837
1, 1903
1, 1919
1, 1922
1, 1921
Mav
1, i.913
Dec.
1,
Sept.
July
Oct.
Feb.
July 1, 1890
Oct.
Jail.
1,
July
1. 1900
1,
June 1,
Mav 1,
July 1.
1890
1896
1895
1927
1S39
distance from Chicago to Denver 1,057 miles. From Pacific Junction
to Council Blult's is 18 miles (track used jointly with K. C. Sr. Jo. Ac G.
making the C. B. & Q. line, Chicago to Council Bluffs. 498 miles.
TheExtens. to Denver was opened Ma.v, 1882. Besides numerous local
roads the company also has its line in Illinois to East St. Louis, and to
Quincy,
connecting with the Hannibal Ac St. Joseph road (purchased
C. B. Ac
Q. in 1883)
by
across Missouri to St. Joseph. The mileage reported
1886 was 4,036, of which 122 miles were leased or oper¬
ate! with other companies.
lu addition to this the company con¬
trols and largely owns the St. Louis Keokuk Ac N. W. road, 181 ^ miles
;
the Kansas City St. Joseph Ac Council Bluffs, 313 miles; the
Chicago
at the close of
Burlington Ac Kansas City, 153 miles; the St. Joseph Ac Dcs Moiues, 50
miles; and
half-interest with Wabash in the Humeston & Shenandoah,
The allied road to St. Paul is the Chic. Bur. Ac Northern.
In
September, 1887, the Denver Utah Ac Pacific (narrow gauge), 43 miles,
Denver to Lyons, Col., was purchased.
a
113 miles.
Organization, Ac.—The C. B. Ac Q. was a consolidation in 1856 of the
Chic, A Aurora ami the Cent. Military Track railroads, and purchased
In 1860 the Northern Cross RR. and in 1862 the Peoria & Oquawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington Ac Quincy in Illinois and the Burlington Ac Missouri
River in Iowa.
In 1880 the Burlington & Missouri in Nebraska
was
absorbed.
The leased lines are practically owned and there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads above-mentioned is in the
stocks and bonds thereof, aud their accounts are kept separate,
hi
hi
August, 1885, the agreement
was
made with
the Cliic. Bur. Ac No.
for 'lie line to St. Paul, and the Chic. B. A Q. owns $3,000,000 of the
stock of that comp my; see circular iu V. 41, p. 160. The fiscal year
ends Dec. 31. Annual election in April.
stocks and Boni>s.—The stock has been rapidly increased for the
acquisition of new lines, ami in 1880 a distribution of 20 per ceut in
stock was made. Dividends have been:
In 1877, 9 per cent; in
1878, loLj; in 1879,8; in 1880, 9% cash and 20 stock; in 1881. in
18S2, in 1883, in 1884. in 1885 and in 188 6 8 paid. The prices of stock
have been: In 1881, 133^^ L82^; in 1882, 120^® 141; in 1883, H54i®
129%; in 1884, 107®l273t: in i885, 115l2®13813; in
141; in 1887 to Sept. 16, in ■lusive. 13 L 2156.
ISsG, t28%®
The C. B. A Q. on many of its branch lines gave a traffic guarantee of
40 to 50 per cent, which was used in purchasing their bonds. The
Kansas City St. Joseph Ac Council Bluffs and branches was purchased
(254 miles), and the Chic. Burl. Ac Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share.
Enough of the C. B.
Ac Q. consolidated mortgage is reserved to take up prior debts.
The
bonds of 1876 are seemed by mortgage bonds of like amount on St.
Louis Rock Lsland A Chicago road deposited with trustees. The collateral
trust extension bonds of 1.887 arc issued at $20,OuO per inilo for single
track and $i0,0>»0 per mile additional for second tra k.
The several sinking fun is amonnu d Dee. 31, 1886, to $12,062,035,
as fol'O A s: For land grant bonds, Burlington Sc Mo. River KR. (Iowa),
$6,375,568; 4 and 5 per cents. Iowa Division, $1,198,0-55 5 per cents
for Albia Knoxv. Ac Dcs M. RR., $215,76 4; 5 per cents for St. L. R. t. Ac
C. RR., $62 1,833; 4 per cents of 1922 (Denver extension). $ t ■ 5,358 ; 4
per eouts Of i921 (Bur. A S..W. R\\), $238,214; B. Ac Mo. River- HR. in
Nebraska 6 percents of 1918, $2,26 *,724; B. A Mo. River i Nebr-ska
4 per Cents of 1910 (A. A N. RR.), $5 42,043; Republican Valley RR. 6
per cents of 1919, $118,515; Lincoln Ac N. W. RR. 7 per cents of 1910.
$47,933.
Land Grant.—In Iowa only 12,000 acres remain unsold, and the con¬
tracts outstanding Dec. 31, ’86, were for $427,680, princinal and inter¬
est. In Nebraska the net sales for the year 1886 were 10,947 a<*res,
for $09,269.
Contracts on hand, $1,829,849; unsold lauds, 81,000
acres, estimated at $i per acre, $324,000.
Operations and Finances.—The Cnicago Burlington Ac Quincy Rail¬
road has been one of the most profitable iu the country, as its numerous
branches tributary to the main line were built into choice agricultural
territory, where they enjoyed a monopoly of the local business at full
The company gives no full traffic statistics in its report, and the
rates.
mileage of freight and passengers is not known; but corn is the most
important article carried.
From Jau. 1 to July 31 in 1887 (7 mos.) gross
earn’gs were $15,443,908,
against 13,-54,100 in 1-86; net, $6 965,454, against $0,013,037.
The annual report for 1886 was published iu tno Chronicle, V. 44,
<p. 432».
Comparative statistics for four vears arc as follows:
Miles ow’d and leas’d
Miles oper’d jointly.
Total
operated..
18*3.
1884.
1885.
3,224
98
3,369
98
3,534
113
3,914
122
3,322
3,467
3,647
4,036
-
1886.
FISCAL RESULTS.
Warnings—
Passenger
Freight
Mail, express. Ac
1883.
$
1884.
•$
1885.
$
5,985,839
5,339,866
5,286,407
19,514,11*1
1,310,309
18.514.432
1,029,315
19,565,854
1,704,16 4
1836.
$
5,63 5,261
19.367.P35
1,727.212
earnings
26,110.369
13,496,479
25.483,613
14.090,745
20,556,425
14,405,763
20,728,408
Oper. exp. Ac taxes..
Net earnings
12,613,890
11,392,863
12,150,657
12,230.725
Total gro-s
The main lint*, extends from Chic.
Ill., to Burlington, Iowa, 204 miles, and thence to Pacific Juuctiou, 276
miles, and from Pacific Junction to Denver, Col., 577 miles,making the
B.)f
1,000Ac
dividend not exceeding 7 per et. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus.
Prices of
stock have been as follows: Preferred in 1881, 140® 153; in 1882,
a
29
Ac J. Lond’n.J.S. Morgan ACo.
Ac J. N. Y., John Paton A Co.
N. Y. U. S. Trust Co.
Q.-J.
A. A O. N. Y., John Paton ACo.
A. A O.
do
do
J. A J.
do
do
J. A J.
do
do
F. A A.
do
do
M. A N.
do
do
F. A A.
do
do
M. A N.
do
do
do
do
Q.-F.
Chic., HI. Tr. A Sav. Bk.
1%
188,000
12,302,000
1,000
annum provided for their redemption. Should the 35 per
than sufficient, to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees.. The Mississippi River Bridge
is leased in perpetuity from December 3, 1877, at a rental equal to 7 per
cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic- & Alton preferred stock has prior right to a non-cumulative
ticularly strong in having
)
100
6 g.
7
564.000
665,000
6,500,000
2,500.000
9,000,000
9,000,000
2,000,000
76,390.505
13,986,000
100
500 Ac.
....
Rate per
Cent.
$4,379,850
2,333,000
1,500,000
2,365,000
100
1,000
1,000
leased to the Chicago A Alton company in perpetuity from Novem¬
ber 1, 1877. at a rental of 35 per cent of gross earnings. The bonds are
held by U. S. Trust Company as security for the Chicago A Alton
bonds of 1878 issued to build this road, and a sinking fund of
$60,000
BOISDS.
INTEREST OR DIVIDENDS.
Amount
Outstanding
$1,000
1,000
....
.
or
Value.
bonds and $329,100 pref. stock; the other pref. stock is $1,010.
000 and common $2,272,700; net
above charges, $35,261, applied to
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
P.C. of op.ex. to earn
51-7
55-3
54-25
1 4.491,683
54-22
30
SUPPLEMENT,
INVESTORS’
Subscribers will confer
a
great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
Miles
Date
Size, or
For explanation of column headings, &e., see notes
of
Par
of
on first page of tables.
Road. Bonds Value.
Chicago Burlington <6 Quincy—(Continued)—
Illinois Grand Trunk, 1st mort ? Coup., but may ?
Quincy & Warsaw. 1st mort
} be iegis ered. >
8. fund bonds (St. L. R. I. & Chic. mort. collat)...
Quincy Alton A St. L. (leased), 1st mortgage
Burl. A Mo. Riv., 1st on r’d A 400,000 acres land)..
do
1st M. conv. bonds, (5th & 6th series)
Burl. &Mo. consol. M. 1. gr. (s.f. $180,000)
do
Omaha A S.W., 1st M., guar
.
VOL. XLV,
.
Burl. A Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska Railway consol, mort., guar
Republican Valley RR., sink, fund, $14,000
Atchison & Nebraska. 1st mortgage
Lincoln A Northwestern RR. bonds, sink, f’d 1 p. o.
Kansas City St. Jo. & C. Bl., mortgage
Chicago <& Canada Southern—1st mort., gold.
Chic. Detroit & Canada Or. Trunk Junction—1st M.
Chic. <k East. Ill— Stock
1st M., coup. (s. f. $20,000 after ’85)
2d mort. income (non-cumu.) conv. into consol...
Consol, mort., gold (for $6,000,o00)
C. A E. Ill. Extension, 1st mortgage
Dan. A Grape Creek RR.—1st mortgage
Chicago <£ Gr. Trunk—IstM., $ A £ ($556,000 res’d)
2d mort
Northwest. Grand Trunk, 1st mort
Chicago & Great Western—1st mort., gold
Chicago d■ Indiana Coal—1st mortgage
Chicago <£ Iowa— 1st A 2d morts. (1st is $600,000).
1st 6c 2d mortgages C. R. & N
48
40
270
46
281
40
628
49
•
•
•
•
133
148
146
72
274
67
59
246
116
116
208
15
7
330
330
66
10
145
80
24
Bonds—Princr
INTEREST OR DIVIDENDS.
Amount
Outstanding
1870 $500Ac.
1870
1,000
1876
1,000
1876
1,000
50 Ac.
1863
’69-’70 500 Ac.
600 Ac.
1878
1871
1,000
1880
1,000
1877
1,000
1879
3,000
lOOAc.
1878
1880
1877
lOOAc.
1872
1,000
100
1864
100
100 Ac.
1877
100 Ac.
1877
1884
1,000
1881
1,000
1880
1,000
1880 £100 Ac
1882
1,000
500 Ac.
18*0
1886
1,000
1886
1,000
1870
1,000
1875
Rate per
Cent.
669,000
8
8
5
5
7
8
6
8
3,347,000
4
385,000
1,078.000
1.125,000
7
6
7
7
7
7
6
3
6
7
6
6
6
6
5
6
5
5
8
8
$890,500
720,000
2,325,000
840.000
4,170,550
224,500
12,858,000
600,000
...
....
,
5,000,000
2,541,000
1,095,000
3,000,000
3.000,000
74,000
2,748,000
131,000
*
121,000
5,444,000
6,000,000
556,000
4,000,000
3,089,000
1,750,000
400,000
When
g.
g-
g.
A
A
A
A
A
A
A
O.
J.
O.
A.
A
O
J.
J.
J.
J.
J. A D.
J. A J.
A. A O.
J A J.
M. A S.
J. A J.
J. & J.
A. A O.
J. A J.
M. A S.
J. A D.
Dec.
A. A 0.
J. A D.
M. A N.
J. A J.
J. A J.
J. A J.
J. A I).
r. A J.
J. A J.
A. A O.
Payable, and by
Whom.
Payable
A.
J.
A.
F.
g.
Where
pal,When Due.
Boston, C. B. A Q Office
N.Y.,Farmers' L.AT.Co.
Boston, Co.’s Office.
N.Y., Farmers’ L. A T.Co.
Boston, Co ’8 Office.
do
do
do
do
do
do
Oct.
1, 1890
July 1, 1890
Oct. 1, 1901
Feb. 1, 1896
Oct. 1, 1893
1889 A 1894
July 1, 1918
June
Jan.
Oct.
Jan.
Mar.
Jan.
Jan.
Boston, Co.’s Office.
do
do
do
do
do
Stocks—Last
Dividend.
1, 1896
1, 1910
1, 1896
1, 1919
1, 1908
1, 1910
1, 1907
April 1, 1902
July 1, 1884
Sept. 1, 1887
Deo. 1, 1907
Dec. 1, 1907
Oct. 1, 1934
Deo. 1, 1931
do
do
do
do
do
London, England.
N. Y., Central Trust Co.
New York, 4tli Nat. Bk.
N. Y., Central Trust Co.
do
do
New York, 4th Nat. Bk.
Boston, Globe Nat. Bk. Mav 1. 1920
New York and London. Jail. 1, 1900
do
do
Jan., 1922
N.Y.. E.P.Beach.B’way. Jan. 1, 1910
New York Office.
June 1, 1936
N. Y.. Met. Trust Co.
Jan. 1, 1936
N. Y. .Farmers’ L. AT. Co. 1900 A 1901
1895
J
INCOME ACCOUNT.
net, $174,984;
1883
1884.
1885.
$
12,613,890
324,180
1,595,788
$
11,392.868
566,769
1,129,591
$
12,150.657
Total income
Dtsbursem ents—
Rentals paid
Interest bn debt
Dividends
Rate of dividends...
14,533.858
13,089,228
$
139,604
13,728.885
$
4,304,284
5,566,580
4,294,^63
6,110,572
Carried to sink’g f’d.
646,430
1,500,000
Receipts—
Net earnings
Interest and exch
Net B. A M. I’d gr’t..
..
Transf’d to ren’al f’d.
Total disbursements
$
144,506
4,093,005
5,566,484
8
11,950,425
2,583,433
592,432
985,796
187,171
8
8
938,064
646,430
1,000.000
500,000
11,448,532
1886.
$
12,236,725
615,342
846,771
13,698.838
$
153,215
4,391,004
6,110,722
8
670,295
1,000,000
12,925,236
1,373.602
12,23*,436
1.640.696
Balance,surplus
1,4.40.449
—(V. 44, p. 59, 90, 211, 343, 415, 432, 466, 518, 525 ; V. 45. p. 52, 210,
373.)
Chicago Sc Canada Southern.—Owns from Grosse Isle, Mich., to
Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore A Michigan So. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes$2,2.'3,051 overdue coupons.
Original cost, $5,176,557. It is a part of a projected line between Chi¬
cago and Detroit River, but failed in 1873.
Gro.-s earnings in 1885,
$40,974, def. under operating expenses, $19,601. Gross in 1886, $45,6i3; deficit under operating expenses and taxes, $9,143. On October
23, 1886, a suit in foreclosure was begun. (V. 43, p. 515.)
Chicago Detroit Sc Canada Grand Junction.—Owns from
Port Huron, Mich., to Detroit Junction, 59 miles.
Opened in 1859.
Leased to Grand Trunk of Canada. Earnings in 1886, $237,045 ; net,
$32,128; paid interest, $65,700. and dividends, semi-annually, each 2
per cent, $43,800; deficit, $77,371, advanced by lessees. Capital stock.
$1,095,000. There is also a 5 per cent bond for $691,141 issued to G.
T. RR. Co. The road is owned by the lessees.
Chicago Sc Eastern Illinois.—Owns from Dolton, Ill., to Dan¬
ville, Ill., 107*3 miles; Covington, Ind., to Coal Creek, Ind.. 9 miles;
Danville toSidell’s, 22 miles; leased, Dolton to Chicago (C. Ac W. I.), 16
miles; Wellington Junction to Cissmi Park, 13 miles; Evansville Terre
Haute A C. RR., Terre Haute to Danville, Ill., 55 miles; Otter Creek to
Brazil, Ind., 13 miles; Danville, Ill., to Covington, Ind., 13 miles;
total operated, 246 miles. The leases of 17 miles, Dolton to Chicago,
and 13 milos, Danville to Covington, are contracts for use of track over
other roads. The Evansville T. H. A Chicago was leased May 1. 1880.
The Chicago A East Illinois was chartered as Chicago Danville. Ac
Vincennes in 1865, and opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under existing style Sept. 1, 1877.
A consol, mortgage for $6,000,000 was autlioiized, of which $3,425,000
Is held to retire prior issues. Under the terms of leases the C. A E. Ill.
guarantees interest on $1,515,000 bonds of leased roads.
In April, ) b87, a sale was made of nearly the whole stock of this com¬
pany' at 110 to parties interested in the Chicago A, Indiana Coal Rail¬
way' (see V. 44, ]>. 458), and a connection is building fro u Momence,
Ill., ♦ o Goodland, Ind.—(V. 43, p. 102, 398, 430; V. 44, p. 433,4o8. 553;
.
V. 45, p. 142, 304, 340.)
Chicago Sc Grand Trunk.—Line of road from Port Huron, Mich.,
to Chicago, 330*2 miles; also uses 4*3 miles of Chicago Ac West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated. 339 miles. This
is a consolidation of roads between Port Huron and Chicago formed in
April, 1880, under the control of the Gr. Trunk of Canada. It includes
the fo rmer Port Huron A Lake Michigan and the Peninsula roads, sold in
foreclosure. StocL, $6,600,000 in $100 shares. The Grand Trunk of
Canada gives a traffic guarantee of 30 per cent of gross earnings on
business to an.l from the Chicago A Grand Trunk Road. Gross earnings
from Jan. 1 to June 30 were $1,615,655 in 1887, against $1,412,665 in
1886: net, $127,313, against $257,449. Gross earnings tor 1885. $2,681,220; net, $3*5,553. In 1886, gross earnings, $3,041,40'; net, $685,3 ?0, all expended in payment of interest, rentals, Ac.
(V. 44, p. 400;
V. 45, p. 52.)
Chicago & Great Western.—Owns a double-track road entering
Chicago from the west, and terminating at Polk st., oast of the Chicago
River, with large terminal property. The interest on 1st mort. bonds is
guaranteed by the Wisconsin Central .and its allied lines, which enter
Chicago over this road.
Chicago Sc Indiana Coal.—Line of road, Brazil to La Crosse, Ind.,
145 miles.
In
May', 1»87, leased 34 miles of the Chic. Ac West Mich,
This company acquired at foreclos¬
ure the former Chic. & Great Southern.
The 1st mortgage covers the
entire property'and the bonds authorized are $1,000,< 'ou for the line
between Yeddo and
Brazil, 42 miles; $18,000 per mile of new track
acquired; and $8,000 additional for double track, and $7,000 per mile
for equipment. The stock authorized is $6,000,000 common and $4,000,,000 preferred, of which $2,197,800 common and $1,465,200 pref. have
Gross earnings for year ending Juno 30, 1887. $381,372;
been issued.
net earnings, $174,870; interest, $146,732; rental, $3,250; surplus,
$24,888. II. II. Porter, President. (V. 43, p. 66, 516, 65b; V. 44, p. 458.
road, La Crosse to New Buffalo.
494, 495.)
Chicago Sc Iowa.-Owns from Aurora, Ill., to Forest on, Til., 80
miles; leased, Flagg Centre to Rockford. 24 miles; total operated. 104
miles.
Gross earnings
for
year
ending June 30, 1886, were $516,595
surplus'over interest, $2,984.
000. This road is controlled by' the Chicago
which owns the most of its stock and debt.
;
Capital stock, $1,428,Burlington Ac Quincy,
Chicago Milwaukee Sc St. Paul.—(See Jfap.)—Llne of Road.—
consolidated system of railroads in Illinois,
Wisconsin, Minnesota, Iowa and Dakota, which are well shown on the
accompanying map. The main through lines are from Chicago to Mil¬
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
The company operates a great
341 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (oppo¬
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River, 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
Ia„ 487 miles; Minneapolis to Aberdeen. Dak., 288 mil es. On Dee 31,
1886. the mileage in Illinois was 313; in Wisconsin, 1,231: in Iowa, 1,511;
in Minnesota, 1,117; in Missouri, 12; in Dakota, 1,114. Total miles oper¬
ated, 5,298; including Fargo & South, road, 117 miles, Fargo, Dak., to
Ortonville, Minn., acquired in July, 1885.
Organization. Ac.—The Milw. Ac St. Paul RR. Co. was organized May
5, 1863, and embraced a numner of other companies, including the Mil¬
waukee & Miss., the Prairie du Chien, the Lacrosse & Milwaukee, and
otue^s.
The Milwaukee Ac St. Paul afterward purchased the St. Paul <fe
Chicago Road and others, and built the lino from Milwaukee to Chicago,
and ou February 11, 1874, the company took its present name. The
The fiscal year ends Dec. 31. The annual meeting is held early in June.
Stocks and Bonds.—The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned it has no cumulative right. If a dividend
was earned in any year and not paid, there might be a claim on future
years for such dividend.
After payment of 7 bn pref. and 7 on com.,
both classes share pro rata. ’Dividends paid since 1873 have been as
follows (prior to current year): In 1874, 7 on preferred paid In consol,
bonds; in 1875 no dividend; in 1876, 3*2 cash on preferred and 14 per
cent in bonds; in 1877, 3*s oil preferred: in 1878, 10*3 <m preferred; in
1879, 2*2 on common and 7 ou preferred; in 1880, 1881, 1882. 1883 and
1884, 7 on both; in 1885, 4 on common and 7 on preferred; in 1886, 5 on
common and 7 on preferred.
The range in prices of stocks since 1877 have been: Pref. in 1878, 64®
84%: in 1879. 7438<zl02%: in 1880, 99®124*e: in 1881, U6%®140; in
18*2, 114*2® 144%; in 1883. 115®122*4: in 1884, 95?8®119 : in L835,
1020125; .in 1886, 116® 125%; in 1887 to Sept. 16. incl.. 109®127%.
Common—In 1878. 27*3®54°8; in 1879, 34a8«-821e; in 1880, 66*3®
114%; in 1881, 101*30129*4; in 1882, 96*30128*4; in 1883. 91%®
108*2; in 18«4, 5**4^94*4; in 1885, 64%®99; in 1886, 825s®99: in
1SS7 to Sept. It, inch, 78%®95.
An abstract of the terms of some of the principal mortgages was pub¬
lished in the Chronicle, V. 45, pp. 85, 114. 144 and 2i2.
Of the consolidated mortgage bonds of 1875, enough were reserved to
take up the prior bonds; these bonds may be stamped and discharged
from the sinking fund provisions.
The Chicago A Pacific Western
Division bonds are issued at $20,000 per mile on new lines built or ac¬
quired.
The St. Paul A Chicago, the Chicago Ac Milwaukee, the Consoli¬
dated and the Iowa A Minn. Div. bonds are convertible into preferred
stock. The terminal bonds issued in 1884 are secured by mortgage ou
the terminal property in Chicago and Milwaukee, subject to the lieu
of tli© general mortgage on part of the track and terminals in these
cities; but it covers also property quite detached which cost about
$3,000,000 acquired some time after the general mort. was made; also
property to he acquired as needed to amount of $3,-00,000 and
depot in Milwaukee costing $1,000,000. The Income bonds of 1886
are for an authorized issue of $5,u00,000, and are
convertible into
common
stock, on notice. 60 days after any dividend day'. They
have a sinking fund of 4 per cent, beginning in 18*9, and may
be drawn at 105.
After ’88. if a majority of the bondholders so request,
a 2d mortgage shall be
made on the line, Chicago to. Kansas City',
and a liist on the Mo. River bridge and terminals in Kansas City.
In addition to above bonds there are $89,00J Hastings Ac Dak. 7s, due
in 19o2, and $35,000 Oshkosh Ac Miss. River 8s, due in 1891; also
$275,000 5 per cent real estate mortgages due in 1890 and 1894;
Operations, Finances, Ac.—The mileage and also the htoek and debt
of this company increased very rapidly in six years, the miles owned
being 2,359 on January 1, 1880, against 5,298 on January 1, 1887, aud
the stock and bonded debt, in round figures, $69,000,000 on January' 1,
1880, against $164,118,161 January 1, 1887. In June, 1*87, $10,030,000
new
common
stock
was
issued for
new
acquisitions, extensions,
Ac., of which $7,000,000 (12 per cent on their hoi iiugi) was allotted to
stockholders of record June 25, at $85 per share
From Jan. I to July 31 in 1887 (7 inos.), gross earnings were $13,039,957, against $12,674,602 In 1886, and net earnings, $4,358,449,
against, $4,3.a9,639.
The annual report for 1886 was in V. 44, p. 399.
detail were given in the Chronicle, as follows :
The statistics in
OPERATIONS AND FISCAL RESULTS.
1883.
Miles operated
4,760
1884.
4,8o4
1885.
1886.
4,9zl
5,298
Operations—
4,591 232
4,904,678
Passengers carried.,
4,819,187
5,481,400
i’assenger mileage... 235,579,660 225,851,443 214,550,187 234,444,700
Rate per pass. p. mile.
2-52 cts.
2*55 cts.
2-56 cts.
2*42 cts.
5,661,667
6,023,016
Freight (tons) moved.
6,482,869
7,685,072
Freight (tons) mil’ge. 1176605032 1247737233 133 7721453 1486509713
Av. rate p. ton p. mile.
1-39 cts.
1-29 cts.
1*28 ota.
1 17 cts.
BAIOLKN.DS
SATONCKD
Se1p8tmb7er.,]
Subscribers will confer
a
explanation of column headings, &c., see notes
on first page of tables.
1st mort. f Lacrosse Div.)
lstmort. (Ia. & M.)
1st mortgage (Minnesota Central)..
1st mortgage (Iowa A Dakota)
1st M.Ja.&Dak.Ext.($15,000 p.m.).
2d
Miles
Date Size, or
of
of
par
Road. Bonds. Value.
fa
ci
CD
PJ-
du Chien)....
mortgage (Prairie du Chien)....
Milwaukee A Western
St.P.AC.lst M.(Riv. D.)$A£(conv.).
O &
1st M., Chic. A Mil. line
Ut l
Bonds on Lac’se ADav. Div., for Dav. & Nw. RR.
1st mort. on S. W. Div. Western Union RR
1st mort. on Chic. & Pac. Div., Chic, to Miss. Riv..
1st mort. on So. Minnesota Div. ($0,000,000) —
Land grant income bonds
1st M. onHast.& Dak. Div.exteus.($15,000p.m.)
1st M. on Ch. Cl. D. & M
1st mort. on Wisconsin Valley RR
Prior mort.
do
1st mortgage, Mineral Point Division
1st mortgage Chic. & Lake Superior Div.,
IstM.Wis. & Minn. Div. ($20,000 p. m.)
1st M.,gold, on Chic. & Pac.,W. Div., $20,000 p. m.
Chic. A Mo. Riv. Div., lstmortg., ($20,000 p. m.j.
Income bonds convertible
Terminal mort., gold, coup, or reg.(for $5,000,000)
Fargo & Southern, 1st mortgage, gold, assumed..
do
incomes
Dakota A Gt. South’ll, 1st,
INTEREST
Amount
Rate per
Outstanding
Cent.
gold ($18,000 per in.).
-
$100 $40,904,261
100
21,596,900
1875
1,000
11,470,000
370
1363
1,000
5,264,000
230
1867
1,000
3,198,000
49
1864
1,000
123,000
126
1869
1,000
541,000
234
1878
1,000
3,505,000
195
1868
1,000
3,674,000
195
1868
1,000
1,241,000
1861
1.000
215,000
500
Ac.
1.30 f 1872
3,804,500
85
1873
1.000
2,393,000
185
1879
1,000
2,500,000
212
1879
1,000
4,000,000
119
1880
1,00)
3,000,000
419
1880
1,000
7,432,000
1880
1,437,000
417* 1880-6
1,000
6,265,000
372
107
107
142
68
230
1,245
77
....
Ilf9
....
1880
1880
1879
1880
1831
1881
1881
1886
18S6
1884
1883
1835
1886
1,000
7
7
7
7
7
7
8
7*3
7
7 g.
7
5
6
6
6
7
7 & 5
6
6
7
5
5
5 g.
5 g.
5
5
5 g.
6 g.
6
5 g.
6,576.000
1,669.000
1,000
500
1,106,500
1,000
1,000
2,840,000
1,000
1.000
4.755,000
24,540,000
2,049,000
2,000,000
1,000
1,000
4,666,000
1,250,000
1.360,000
1,000
1,000
200,000
1,600
938,000
When
A.
A.
J.
J.
J.
J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
J.
Bonds—Princi¬
OR DIVIDENDS.
Pay’ble
2%
3%
5,298
5,298
1,435
Chicago Milwaukee at St. Paul—Com. stock...
Preferred st’ck (7 p. c. y’rly, not cumulative).
Consolidated mortgage (for $35,000,000).
1st mortgage (Prairie
[Vol. XLV.
great favor by giving Immediate notice of any error discovered In these Tables..
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
3*
pal,When Due.
Where Payable and by
Whom.
Stocks—Last
Dividend.
& O.
Oct. 14, 1887
New York, Office.
& O.
do
Oct. 14, 1887
do
& J.
do
do
July 1, 1905
& J.
do
do
1893
& J.
do
do
July, 1897
A J.
do
1894
do
A J.
do
do
1899
A J.
do
do
July 1, 1908
A A.
do
do
1898
A A.
do
1898
do
A J.
do
do
1891
A J. London and New York.
Jan., 1902
A J.
New York, Office.
Jan. 1, 1903
& J.
do
do
July 1, 1919
& J.
do
do
July 1, 1909
& J.
do
do
Jan. 1, 1910
A J.
do
Jan. 1. 1910
do
A J.
do
do
Jan. 1, 1890
A J.
do
do
Jan. 1, 1910
A J.
do
do
July 1, 1920
A J.
do
do
July 1, 1920
A J.
Boston.
Jan. 1, 1909
A J.
New York, Office.
July 1, 1910
A J.
do
do
July* 1, 1921
A J.
do
do
July 1, 1921
do
do
A J.
Jan. 1, 1921
A J.
do
do
July 1, 1926
A J.
do
do
July i, 1916
A J.
do
do
July 1, 1914
A J.
do
do
Jau. 1, 1924
A O.
do
do
1895
A J.
do
do
Jan. 1, 1916
.
1883.
'
1884.
1836.
1885.
$
$
Earnings—
$
$
Passenger
5,499,737
5,927,668
5,766,843
5,661,690
Freight.
16,365,354 16.128,964 17,101,742 17,358,294
Mail, express, &o
1,366,802
1,575,191
1,811,794
1,698,419
Total gross earn’gs 23,059.824 23,470,993 24.413.273 24,713,403
Operating expenses—
$
$
$
$
Maint’nce of way*...
2,548,609
2,339,635
2,551,327
2,641,977
Maiut’uce of equip’t.
2,489,257
2,574,437
2,430,809
2,327,875
Transp’rt’t’n exp’n’st 8,011,533
8,102,668
8,640,132
8,675,045
Taxes
614,609
702,060
733,545
759,350
Miscellaneous
Tot. operating exp.
Net earnings
Pr.
ct.op.ex. to earns
114,029
140,329
150,658
156,017
13,859,029
14,512,471
14,560,264
9,900,802
59*45
14,560,264
10,153,139
58*90
9,611,369
59*05
9,881,787
58’23
*
Includes renewal of track, t Including elevators, stock-yards, per¬
sonal injuries and damages to property, legal, insurance rent of cars,
trackage, &c.
INCOME ACCOUNT.
1883.
1881.
$
Receipts—
$
1885.
$
9,900,802
1886.
$
10,153,139
144,654
10,302, #93
9,881,787
16 4.707
9,611,369
82,307
105,939
Total income
.iU,u40.494
Disbursements—
$
Interest on debt
5,373,925
Divs. on both stocks*
3.212.895
Rato of dividend
7 both
9,693.676
$
5,918,608
3,321.167
10,006,741
$
6.096,573
2,394,039
7 both
7 & 4
7 A 5
Tot. disbursem’nts
Balance for year
9,239,775
8,490,612
9,291,169
Net earnings
Other
receipts
♦These
are
8,586,820
1,459,674
the actual dividends
$
6,241,093
3,053,076
453,901
1,516,129
1,003,624
paid in the year, without regard to the
time when they were earned.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1883.
1884.
$
Assets—
$
1835.
$
*
1886.
$
Railroad,equipm’t&cl46,093,665 149,426,734 154,223,775 165,898.616
Bt’kStfe b’ds own.,cost
1,228,283
877,486
1,161,980
754,792
BillsAacc’ts rec’able
Materials, fuel, Ac...
Cash on hand
III. & Iowa coal lauds
Total assets
Liabilities—
Stock,
common
1,452,309
768,732
1,543,217
2,048,985
4,262,373
4,682.431
944,132
63o,475
617,026
583.526
154,022,017 156,936,049 162,853,497 174,tioo,82o
$
$
$
$
30,904,261 30,904,261 30,904,261 30,901,261
1,550,232
1,223,043
3,048,965
,
1,146,059
1.483,365
2,971.133
Stock, preferred
16,540,933 16,540,983 21,540,900 21,555,900
Funded debt
96,272,000 100,251,000 101,470,000 111,658,000
All other duesAacc’ts
1,711,099
2,093,163
161,953
434,825
Unpaid pay-rolls, &0.
Land department...
1,732,687
1,610,661
1,729,269
2,249,109
1,781,907
7,019,109
8,057,734
162,858,497 174,859,829
—(V. 43, p. 387, 399, 472, 572, 608, 635; V. 44, p. 22,117,149, 260, 275,
83, 392. 399, 5 26, 681, 712, 751; V 45, p. 85, 111, 144, 210, 212, 3i2.;
Chicago &: Northwestern.—(See Map.)—Line of Road—The Chic.
& North w. operates 4,101 miles of its own roads and controls 1,339 miles
of the Chic. St. P. Minn. A Ora., 7^3 miles of Fremont Elk it Mo. Val;
77ofW^ om.Cent., and 107 of Sioux City A Pac.; total controlled',6,347m.
The mileage is extensive, and is shown clearly in the accompanying
map. The main line from Chicago to East Omaha, Iowa, is 492 miles,
ana this forms practically the southern boundary of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches. At the end of the fiscal year, May
31, 1887, the Chic. A Northwestern mileage was made up in the annual
report as follows:Wisconsin Division, 549 miles; Galena Division, 400
miles; Iowa Division, 764 miles: No. Iowa Division, 38 > miles: Madison
Income account
5,079,030
5,53 2,981
Total Liabilities.. 154,022,017 156,936,049
Division, 509 miles; Peninsula Division, 377 miles; Winona A St. Peter
Division, 448 miles; Dakota Division, 566 miles; total, 4,101 miles. In
July, 1884, the Blair roads, previously leased, were acquired by purchase,
but the Sioux
City & Pacific and Fremont ELkhorn A Missouri Valley (in
eluding Wyoming Central; are operated separately (907 miles) and
their earnings not included in those of C. A N.W., but separately stated
in the annual renorts in the Chronicle on p. 130 of V. 43 and p. 178
of V. 45.
Organization, Ac.—The Chicago St Paul & Fond-du-Lac Railroad
which was a consolidation of several roads, was sold in foreclosure
June 2, 1859, and the Chicago A Northwestern Railway was organized
as its successor.
In 1864 the company absorbed the Dixon Rock. &
Kenosha, the Gal. & Chic. Union and the Peninsular RR. of Michigan,
and has since absorbed by consolidation a large number of other roads,
including those which were operated as “proprietary roads.”
In December, 1882, a controlling interest was acquired in the stock of
the Chic. tit. Paul Minneapolis & Omaha Co. by the purchase of 53,80,0
shares of preferred and 93,200 shares of com. stock.
In
July, 1884, the leased lines
iu Iowa
on the terms stated in the Supplement of
(Blair roads) were acquired
June, 1885, and prior issues.
The fiscal year ends May 31. The annual meeting is held early In June.
.Stock and Bonds.—Of the common stock, $10,009,701 was held in
the comoany’s treasury on May 31. 1887, making the whole common
stock $4L,374,866.
Preferred stock has prior right to 7 per cent;
then common 7 oer cent ; then preferred 3 per cent; then common 3 ;
then both classes share. Dividends since .1875 (prior to the current
year) have been: In 1876, 2% on preferred; in 187 7, 3% on preferred;
in 1878, 7 on pref. and 5 on com.; iu 1879,7 on pref. and 5 on com.;
In 1880. 7 on pref. and 6 on com.; in 1881, 7 on pref. and 6 ou com.; in
1882, 7% on pref. and 7 on corn.; in ’83 and ’84', 7 on com. and 8 on pref.
in 1885, 6% on com. end 7% oil pref.; in 1886, 6 ou com. and 7 on pref
Prices of stock since 1877 have been as follows: Common in 1878,
32%d>55%; in 1879, 4958»9412; iu 1880. 87is®130; iu 1881. 117®136;
In 1882, 124® 150%; in 1883. 1 IS^ldO^; in 1884. 81^# 124; in 1885,
843s® 115%;' in 1886, 10414®12058; in 1887 to Sept. 16, 109»12758
Pref. in 1878, 59%®79%; in 1879, 7678a>108; in 1880, 104®146%; iu
1881, 13118®14713: in 1882, 136®175; in 1883, 134®157; in 1884,
117®149%; in 1885, 119%®13978; in 1886, 135®144 ; in 1887, to
Sept. 16, incl., 138%® 1 ^3%.
The sinking fund bonds of 1879 are secured by a deposit of mort.
bonds, on the new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued w*ere published In V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balauce
There are several small issues of bonds In addition to tnose in
the table above, viz.: Beloit A Madison RR., $91,000. 7s, due 1888;
Minnesota Valley RR., $150,000, 7s, due 1908 ; Plainview, $100,000,
7s, due 1908 : Peuinsula Railroad (Mich.), $152,000 7s, due 1898.
The $10,000,000 debenture bonds were issued to pav for the Chicago
St. Paul Minneapolis & Omaha stock; the sinking fund for these bonds
is $200,000 per year from May, ls88, if they can be redeemed at 105.
I11 June, 1884, the new issue of $6,0u0,000 5 per cent debenture bonds
os.
was
authorized, of which $1,966,500 went for the purchase of Blair
roads and tiie balance to be used for improvements as required.
Any
future mortgage 011 the property of the company' owned at date of these
bonds, shall include them.
The C. A N. W. exteu. bonds of 1886 are direct bonds of the C. & N.
W. Company, secured by the deposit iu trust of the 1st mort. bonds of
roads constructed or acquired, at the rate of $20,009 per mile.
In addition to bonds in above table there were live bonds in the sink¬
ing fund amounting to $1,116,500 May 31. 1887.
Land Grant.—The lands of the company have been acquired by tlie
purchase of the Winona A St. Peter and other roads that have been
consolidated. The Commissioners’report for 1886-87 showed that the
total consideration for the lands and lots so>d in that year amounted to
Net cash receipts were $689,589. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at the end of the fiscal year showed a total of $1,269,702.
$687,637.
table of lands unsold for
years ending
may
31.
Name of grant.
Minnesota.
1884.
1885.
1886.
1837.
685,577
626,811
574,362
Michigan
461,847
443,296
308.723
303,165
373,819
379,299
297,708
*
Wisconsin
Total
420,42S
'
299,011
1,456,147
1,373,272
1,293,83!
1,050.826
Operations, Finances, Ac.—The Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines in the far West.
The stock had not beeu much increased until the issue of new stock
for stocks of proprietary* roads, and a large nominal surplus had been
rolled up, amounting to about $32,000,000 in Mav, 1886, of which over
$21,000,009 was charged off iu 1887. (See explanation of this in V.
45, p 160.)
The latest annual report
issued (1886-37)
was
in the Chronicle, V.
45, p. 177, showing the following:
ROAD
1883-34.
Tot. miles
AND
EQUIPMENT.
1884-35.
1885-86.
1886-87.
oper’d
3,763
3,843
3,948
4,101
Locomotives....
Passcng.Ac.oars
Freight cars
639
449
672
481
698
485
735
507
20,190
20,103
20,513
22,091
All other cars..
435
470
546
553
*
OPERATIONS AND FISCAL RESULTS.
Operations—
1883-84.
1884-85.
1885-86.
Pass’gers carr’d.
8,623,433
8,403,884
Pass’ger mileage 256,386,389
231,090,788
9,140,195
239,150,020
1886-87.
9,709,934
254,709,295
2*36 cts.
2*29 cts,
2*40 cts.
2*38 cts.
Fr*ght(tns) rav’d
8,453,994
8,235,127
Rare pr.tou p.m.
1*31 ets
1*19 cts.
1*24 cts.
1*15 Ots.
$
6,153,071
i7,67 7,866
$
5,498,111
$
5,646,150
17,503,244
1,130,206
24,279,600
$
5,820,151
19,329,484
R’te p.pa8S.p.m.
Earnings—
Passenger
Freight
.
vlail, express, Ac
1,189.637
Gross cam’s.
Expenses—
Maint’ce of way
“
Trans p.
cars,
Ac
A uiiscel
Taxes
Total
Net earnings....
P.c. exp. to earn.
16.917,394
1,086,551
23,002,000
$
8,494,239
9,737,312
1466,892,717 1754,598,596
1,171,681
26,321,316
$
$
$
3,590,917
2,418,297
8,429,121
2,939.253
2,951,889
2,193,224
7,970,502
2,043,6 3
672.621
690.928
702,452
712,125
15,140,956
9.879,668
13,793.90/
13,859,226
9,708,149
10,420,374
15,070,342
11,250,974
60*51
58*69
8,156.221
57*08
'
3.227,245
2,212,289
8,918,681
57*25
RASAIBUTOO.NCi-KD;S
S1e8ptm7be.r,]
SUPPLEMENT
INVESTORS’
34
Subscribers will confer a great favor
DESCRIPTION.
of column headings, Aco., see notes
on first page of tables.
For explanation
by giving immediate notice of any error discovered in tbese Tables.
776
Consol, sinking fund M
126
Madison extension, 1st mort., sinking fund, gold.
85
Chic. Ac Mil., 1st mortgage
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. con8 mort., gold, coup, or reg. ($48,000,000) 1,058
137
Winona Ac St. Peter, 2d.mort., guar, by Chic.AcN.W.
175
1st M. exten. gld„ land gr., s. f..
do
75
Iowa Midland, 1st mort., guar, by Chic. Ac N. W..
62
Northwestern Union, 1st mortgage, gold
24
Rochester Ac No. Minnesota, 1st mortgage
141
Chic. Mil. Ac N. W., construction bonds
154
Chicago Ac Tomah, 1st mort., guar
80
Milwaukee Ac Madison. 1st mort., guar
Sink. fd.bds.(lstM. as collateral) ($15,000 p. m.)..
S. f. debenture bonds (for C. St. P. M. Ac O. stock).
Debenture bonds of 1909 (for $6,000,000)
C.Ac N.W. Exten. bds. ($20,900 per M.) op. Ac reg.
64
Ottumwa C.F.Ac St.P., 1st M.. guar.($25,000 p.ui.)
58
Des Moines Ac Minneapolis RR. 1st mort. Bonds...
36
Escanaba Ac Lake Superior RR., 1st mort
71
Dakota Central RR., 1st mort
125
do
1st M.. Southeast Div. (for $2,000,000).
75
North. Ill., 1st M. ($20,000 p. in.) guar. C AcN. W.
Other small issues (see remarks)
70
Cedar Rapids Ac Missouri River) 1st mort
58
do
1st mort
146
1st mort
do
82
Chicago Iowa Ac Nebraska, mortgage
Outstanding
100
1865
1871
500 Ace.
-
....
....
....
....
....
Receipts—
Disbursements—
Rentals paid
Interest on debtt
Dividends
Rate on prei....
Rate on couim’n
$
9,879,668
$
9,708,149
$
$
*28,567
1,568,704
311
Acc.
Acc.
Acc.
Acc.
1.099
*5,064,534
*3,981,318
4,527,235
2,939,469
1885-86.
1886-87.
$
10,420,374
$
11,250,974
$
$
'
g.
g.
g.
g.
6 5 Ac 6
5
5
14,665,000
10,000,000
3,369,000
8,19)J 00
7
6
6
6
5
2,000,000
1,500,000
A.
J.
J.
J.
J.
M.
J.
A.
M.
M.
M.
M.
M.
A.
4 g.
5
1,600,000
600,000
720.000
1,007,000
Dividend.
M.
M.
F.
M.
F.
J.
M.
M.
M.
~
6
700,000
582,000
2,332,000
129,000
402,500
7,725,000
Ac D. New York, Co.’8 Office.
do
do
do
do
do
Ac O.
do
do
do
Ac J.
do
do
Ac J.
do
do
Ac D.
do
Ac D.
do
do
Ac N.
do
do
Ac D.
do
do
Ac O.
do
do
do
Ac S.
do
Ac S.
do
do
do
Ac N.
do
do
Ac N.
do
do
Ac 8.
do
do
Ac O.
do
do
Ac N.
do
do
Ac N.
do
do
Ac A.
do
do
Ac S.
Ac A.
do
do
do
do
Ac J.
do
do
Ac S.
do
do
Ac N.
do
do
Ac S.
do
do
do
do
Ac A.
do
Ac A.
do
do
do
Ac N.
do
do
Ac A.
Ac J.
do
do
.V O.
do
do
F.
F.
M.
F.
7
7
7
7
7
J.
6
A.
Juno 25, 1887
Sept. 22, 1887
Feb. 1, 1915
April 1,
July 1,
July 1,
June 1,
Dec. 1,
Nov. 1,
Sept. 1,
1911
1898
1906
1911
1902
1907
1916
1900
1917
1908
Nov. 1.
Nov. 1,
1905
1905
Dec. 1,
Oct. 1,
June 1,
Sept. 1, 1905
1,
May 1,
Nov. 1,
Aug. 15,
Mar. 1,
Feb. 1,
July 1,
Oct.
1929
1933
1909
1926
1909
1907
1901
Sept. 1, 1907
Nov. 1, 1907
Mar 1, 1910
Aug. 1, 1891
Aug. 1, 1894
May 1, 1916
Aug. 15, 1892
July 1, 1897
Oct- 1. 1933
^
7
6
7
7
1,528.000
1,600,000
Whom.
chased by this oompany, and consolidated June, 1880. The presen
Chic. R. I. & Pacific was a consolidation June 4, 1880, with $50,000,000
Stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. At P. stock. The annual election occurs in June.
Stock and
Bonds.—Dividends have been paid as follows since
1876, viz.: in 1877 and 1878. 8 per cent; in 1879, 10; in 1880,
8^ cash and 100 p. c. in stock; in 1881. 1882, 1883, 1884, 1885
and 1886, 7. Range of prices of stock was as follows since 1876, viz.: in
1877
82^^105^; in 1878, 98^3122; in 1879, llOSlSO^; In 1880,
to July, 1493*204; July to Dec. (new stock) 100*o3> 143 ; in 1881,129
5,136.198
3,441,504
5,536,363
3,414,504
8
8
7
601.000
Stocks—Last
Payable
Q.-M.
Q.-F.
8
7 g.
7
6
6
200,000
Where Payable, and by
493.000
500
500
500
500
1861
1863
1866
1863
1877
1833
INCOME ACCOUNT.
Net earuin^s....
2,549,500
12,343,000
1,592,000
4,079,500
1,350,000
3.365,000
pal,^When Due.
When
J.
7
7
7
7
7
7
7
7
560.000
....
500 &c.
500 Acc.
1,000
100 Ace.
1870-1
1871
1870
1,000
500 Acc.
1872
1878
1882
’•....
1830
1880
1,000
1879
1,000
1883 l,000Acc
1884 l,00iiAcC
1886 l,000Acc
1884
1,000
1882
1,000
1881
1,000
1882
1832
1885
1,000
....
1884-85.
3
2.977,500
1.700,000
1,000
1876
1871
1872
....
1883-84.
Rate per
Cent.
22,323,170
12,651,000
1,000
....
....
Maple River 1st mortg
Fremont Elkhorn Ac Mo.Val.,Consol.bonds
Amount
$100 $31,367,450
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Par
of
Road. Bonds Value.
4,101
4,101
Chicago & Northwestern—Common stock
Preferred st’ek (7 p. c. y’rly, not cumulative)
[ Voi». XLV,
..
83,000
58,000
Tot. disb’m’ts.
$9,118,408
$9,132,449
$9,033,867
$8,638,702
31485b; in 1882, 1223140U; in 1883,116^31274: in 1884. 1004®
I263t; in 1885. 105* 132; in 1886, 1201ea)131; in 1887. to Sept. 16,
inclusive, 1214314078.
Balance, surplus
$761,260
$575,700
$1,381,507
$2,612,272
(205 miles) is built under the charter of the Wisconsin Minn. Ac Pac. Com¬
Miscellaneous
*
On absorption of Iowa leased
dividend charges increased,
f Less credit items.
58,000
58,000
✓
The road from
pany issued by the old Territorial Legislature. The W. M. Ac P. Co. issues
its bonds running for 50 years, bearing 6 per cent interest, at the rate of
$20,000 per mile, of which $\000 per mile is for equipment. These
bonds are deposited by Rock Island with the United State* Trust Co.,
and in lieu of them the Rock Island issues its own bonds for $15,000per
mile of road, but bearing 5 per cent. The difference in interest as it accu¬
mulates is to he invested in Rock Island bonds; these bonds may be
redeemed at 195 after July 1, 1^94. The St. Joseph Ac Iowa RR., Altamont, Mo., to Rushville, Mo., 64 miles, was completed Jan., 1886, and
lines, rentals ceased and interest and
FISCAL YEAR.
1885-86.
1886-87.
GENERAL BALANCE AT CLOSE OF EACH
1884-85.
Assets—
Chic. At N. W. —Road & equip.
Other companies
do
Bonds owned
Stocks owned.
Land grant investments
Bills and accounts receivable
Materials, fuel, Acc
Cash on hand
Trustees of
sinking fund
Total
Liabilities—
Stook, common
Stock, preferred
Stocks of propriet’ry roads,&c
Bonded debt
Divid’ds declared, not yet due
Sinking funds paid
Current bills, pay-rolls, Acc....
Unoolleeted coupons, Acc
Rentals of roads m Iowa
Bonds unsold, Aco
Note of Consol. Coal Co
Accrued interest not due
Miscellaneous
Land income account
Railroad income account
Total
$
127,053,870
35,539,234
360,242
12,282,159
1,221,000
1,890,811
$
.$
127,101.024 Uiaa
36,628,824
934.482
12,2^2,159
U
714,000
l
o^o
’
’
'6.082,295
t 12,282.160
1,757,952
2,000.734
3,807,191
2,932.848
3,OoO,.<73
1.934.004
4.239,176
4.320.175
1,808.567
$969,900 in similar collateral tru-fi bonds issued.
The authorized issue iu 1886 of simil ir collateral trnrt bonds for $10,000,900 (at $15,000 per mile single track, $5,090 for equipment and
$7,500 for second track), was for the extension of some 7u0 miles under
the name of the Chicago Kansas & Nebraska Railroad.
Stockholders of Sept. 29, 1887, had the right to take at par 10 per
23o,000
l,‘26,281
4,214,036
cent of their
$185,897,108 $188,759,528 $176,048,646
705,060
37,000
125,000
703,525
120,000
2,954,246
3.194,071
9.762.819
11.144.326
follows:
Miles owned Ac oper..
37,909
125,000
1,473, =>36
120,000
714,104
112,994. >39
Total gross earns.
12,535,514
Operating expenses
7,298,002
..
.'i
1886-87.
1,384
$
3,127.238
7,713.65)
1,163,*31
$
3,097,916
8,<>37,453
12,206,911 12,004,343
7,160,324
7,166,893
12.319,050
7,504,809
1884-s5.
1,384
$
^
3,023,384
8,144,142
1,038,835
1,133,681
5,237,512
5,046,587
4,837,455
4,814,241
58*22
58*65
59 70
6092
INCOME ACCOUNT.
$l8o,897,lo8 $188,759,529 $176,048,646
Receipts—
Net earnings
From land departing
to $1,116,500.
1884-5.
$
$
$
1886-7.
$
4,814.240
1885 6.
,
5,046,587
4,837,455
470.000
330,000
310,000
230.000
Total income
Disbursements—
Rent leased roads
Interest on debt
Dividends
Rate per cent
Add’n and imp. acc’t.
Miscellaneous
5,707,512
$
301,121
5,376,587
5,147,455
$
301,995
1,213,250
2,937,186
5,044,240
$
Total disbursements.
5 618,441
Balance, surplus
U See remarks in Chronicle regarding these, items, p. 177.
—(V. 43. p. 49, 117, 130, 399; V. 44, p. 343, 621, 713; V. 45, p. 52,
159, 17 7, 340.)
Chicago Sc Oliio HIver.—Line of road from S.uIells.Jll., toOlney,
86 miles. This Co. was organized in 1886 as successor of the Danville
Olney Ac Ohio River, foreclosed in Feb. 1886. An extension to the
Ohio River is projected. Cross earnings in 1885-86, $0i,767; net,
$8,133. Earnings in 1884-85, $50,293 gross, and deficit und *r oper¬
1833-4.
5,237,512
..
pany’s treasury.
|| Including live bonds in sinking funds, which amounted May 31, 1887,
1,002,350
2,937,186
7
1,200,000
177,784
89,071
—(V. 43, p. 308, 766; V. 44. p. 60,
731. 752; V. 45, p. 55, 166, 342.)
$
301,121
1,094,750
2,937,186
7
750,000
196,344
5,279,401
97,186
7
303,762
1,320,667
2,937,186
7
463,000
164.-84
170,922
5,080.215
4,732,537
311,703
67,240
91,,308, 335, 495, 526, 712, 713,
Chicago At St. LouB,—Chicago to Pekin, Ill ,150 miles, and branch
This is the title of the company organized in .March, 1885, as
successor of the Chicago St. Louis As Western, which had been formed
in Jan., 1884, as successor of t he Chicago Pekin Ac Southwestern. Stook,
$3,000,000. Bonds ottered for sale iu New York July, 1*85, by R. P.
Flower Ac Co. Gross earnings in 1885, $292,793; net, $91,633; int. on
bonds, $90,000. (V. 43, p. 773.)
Chicago St. Louis Sc Pittsburg,—The mileage is as follows :
Columbus, O., to Indianapolis, lud., 187 miles; branches—Bradford June.,
O.,to Chicago, Ill., 231 m.; Richmond, Ind., to Anoka June., Ind.. 102 m.;
Logansport, Ind., to Illinois State Line, 61 m.; Indianapolis to Kokomo
2 miles.
ating expenses, $2,823. Charles U. Stevens, President, Lowell, Mass.
—(V. 4 4, p. 21, 289, 308.)
Chicago ltock Island Sc Pacific.—Line of Road.—Owns from
Chicago to Council Blurts, 500 miles; Davenport. Ia., to Atchison, Kan.,
845; Atchison Junction to Leavenworth, Kan., 215; Washington, la., to
Knoxville, 77'5; South Englewood to South Chicago, 7*5; Wilton to
Muscatine, 12*5; Newton to Munroe, 17; Des Moines to Indiauola and
Winterset, 47; Menlo to Guthrie Centre, 14*5’; Atlantic to Audubon,
24*5; Atlantic to Griswold. 14*7; Avoea to Harlan, 11'8; Avoca to Carson, 17 6; Mt. Zion to Keosauqua, 4*5; Wilton to Lime Kilns, 5. Leased:
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria. 47 miles;
Keokuk to Des Moines, 162. Total operated, April 1, 1887, 1,384 miles.
Organization—The Chicago Ac Rock Island RR. was chartered in
Illinois Feb. 7, 1851, and opened from Chicago to th Mississippi River
July, 1854. The extension from the Miss, to the Mo. River was built
by tl le former Mississippi & Missouri RR. of Iowa, which was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869.
$
3,313,443
8.056,316
1,105,750
P.e.of op.ex.to earn.
1835-86.
1,384
1883-84.
1,384
Earnings—
Passenger
Freight
Mail,expr’s, r’nts.Aco
Net earnings
Includes F. E. Ac M. V. consols and Wyoming Central RE. lsts own< d
and pledge i as coll, for exten. 4s of 1886, $5,772,600; also, general con¬
sol, gold bonds, $37,000; consolidated sinking fund bonds, $115,090;
bonds of sundry proprietary roads, $156,295; Iron River Furnace
bonus. $2,oo0.
t Includes Chic. St. P. M. Ac O. stock, $10,315,659; F. E. Ac M. V. RR.
stock, $1,966,590. Also owns C. Ac N. W. common stock, $L0,007,416,
and preferred, $2,284, but these items are included in the amounts given
on other side of the account.
t Including $10,007,416 common and $2,284 preferred stock in com
The Iowa Southern At Missouri Northern
formerly the Chicago & Southwestern, and was foreclosed and pur-
-y
ends March 31. Annual report for 1886-7 in V. 44, p,
712, also article on p. 731. The mileage, earnings, &c., have been as
The fiscal year
*
was
holdings in new stock-the total issue, $4,196,000, to be
used for extensions and improvements.
$41,374,866 $41,374,866 +$41,374,866
22,325,454
22,325,451
122,325,454
11674,183
11,220,090
11,230,000
91.469.500 || 99,511,500
97,384,500
1,331,600
1,331,690
1,544,221
4,320,175
4,239,175
1,934,000
2,721,369
2,251.206
1,690,630
135,500
113,262
140,762
316,814
31,044
537.000
275,000
Minneapolis west to the juno. with Bur. C. R. Ac N. line
,
(operated joiutlv with Wab. St. L. & Pac.) 54 m.; total operated, 635 m.
This is the reorganization (March 20, 1883,) of the Columbus Chicago
Ac Indiana Central road, sold in foreclosure on Jan. 10, 1883.
The
C. C. Ac I. C. company was formed Feb. 12, 1868, by consolidation of
the Col. Ac Ind. Ceu. and Chic. Ac Great East, railroad companies. After
default in 1875 and much litigation, a plan of settlement with the
Peuna. RR. was approved by a majority of bondholders in 1882 and
carried out. There was lieia by the Penna. RR. and the Penn. Co. a large
amount of the 1st consol mortgage and the stocks. The preferred
stock is entitled to 6 percent yearly if earned, and is cumulative.
From Jan. 1 to July 31, 1887 (7 months), gross earnings were $3,172,116, against $2,568,260 in 1886; net. $762,713, against $274,539.
The annual report of this oompany for the year 1886 was pub¬
lished in the Chronicle, V. 44, p. 369, to which reference should be made.
RAILROAD
September, 1887.]
Subscribers will confer
a
STOCKS
BONDS.
Chicago d Northwestern—(Continued) —
Fremont Klktorn A Mo. Val., equipment bonds..
Mo.V & Blair RR.Br’ge, 1st, red’ble aft.’93..
Sioux City A Pacific, 1st mortgage.
$
1883
102
102
2d mort. (Gov’t subsidy.)
pref. stock
Chicago d Ohio River— 1st mort
Income bonds
Chicago Rock Island d Pac— St’ck (for $50,000,000) 1,384
1st mortgage, coup, or reg
636
Chic.& South w.. IstM.g. (g’d in cur. by C.R.LAP.)
271
Exten. and collat. bonds ($20,000 p.m.) cp.
or reg.
Chicago d St. Louis—1st mortg
150
r
.
Chicago St. Louis d Pillsb.—Common stock
635
Preferred stock (0 per cent cumulative)
635
1st mortgage, cons >1. gold ($22,000,000)
580
1st M. Chic. & G’t East. (Chic, to Logansport)
117
do
Col. & Indianapolis Central
208
do
Union A Logansp’t (U’u City to Logansp’t)
93
do
Cinn. A Chic. Air Line(Richm’d to
107
Logans.)
2d M. Col. & Indianapolis Central
208
Chic. St. Paul d Kan Citg-]Ht, g’Ll, $ fO.OOO p. m.
142
Chic. St. Paul Min'polls d Omaha—Common stock.. 1,365
Preferred stock
; 1,365
Consol, mortgage ($15,00 ) per mile)
'
Chic. St. Paul A Minn., 1st mort., gold, coup
|
North Wisconsin, 1st mortgage
I
St. P. & Sioux City, mort., gold, for $7,000,000
1
St. Paul Stillwater A Taylors’ Falls, 1st mort
;
Hudson A River Falls, istmort
Amount
Outstanding
1868
500Ac.
1868
500Ao.
1,628,320
-
ioo
1
1,000
1,090
1,000
1,000
....
1864
Minneapolis East RR., Istmort., guaranteed
'
Chicago d Nest. Indiana—Istmort (sinking fund),
j
General mortgage, gold, sinking fund.
5 g.
7
7
7
7
7
5 g.
11,259,933
12,250,292
A. A O.
3
6
6 g.
6
J.
A.
F.
M.
J.
A J.
A 0.
A A.
A N.
A J. N.Y.,
A
1880
1878
1880
1879
1878
1878
1879
1879
1,000
500 Ac.
1882
75,000
2,445,000
7
1,000
6
g.
1.000
0.390.(>;6
6
g.
Q-
3,000,000
800,000
6,0.80,000
334,800
....
6 g.
7
s
125.000
...
OPERATIONS AND FISCAL RESULTS.
Miles of r’d operated
1885.
635
Operations—
Passengers carried..
Passenger mil.-age
.
Rate
$ pass. $ mile
Fr’ght (ions) carried
k
Ave. rate
$ toil $
Earnings—
1,22^,701
43,146,452
1,186,779
43,891.744
2-42 cts.
2-32 cts.
2,782,0x3
2, *17,062
in.
0-72 cts.
0 60 cts.
Freight
Mail, express, Ac....
$
1,163,407
3,781,107
319,406
$
1,134,689
2,902,4 33
359,718
Total gross earns
Op exps. and taxes.
Net earnings
P.o.of op.ex. to earns.
2-21 cts.
Miles operate!
1,085,448
44.970,077
2 30 cts
3,031,595
3,075,385
12,653,872 l >87,723,302
0 52 cts.
$
0 59 cts
$
1,036,165
1,036,077
3,159,887
3,418,4 47
37.,03 2
357,701
4,812,316
5,293,920
4,396.840
4,335,964
4,567,596
3,602,213
3,307,645
$794,627
$759,951
$876,016
81-90
81-93
83-36
81-91
1883.
1884.
1885.
1886.
$79 4,627
26,720
297
$759,951
1,972
$876,015
78.073
Total income....
Disbarsem* nts—
Rentals paid
Interest on debt...
Net C.C. Sc I. C. for
3 mos
Miscellaneous
$984,973
$874,672
$759,951
$876,015
$15.91 8
$21,224
1,079,602
$21,224
1,079,241
$21,22 4
663,363
Mar.
1, 1915
Mail, express, Ac
...
Tot. gross earnings
Oper’g exp. A txs.
Net earnings.
P.c. of op. ex. to earn.
Oct. 1, 1932
1893 & ’95
Nov., 1904
Dec.. 1905
do
do
do
do
do
do
do
do
do
do
R. T. Wilson A Co
New \Tork. Office
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y.. I) rex el. M. A Co.
do
do
Aug. 1, 1890
Nov., 1604
July 1, 1936
July 20, 1887
June 1.
1930
1918
1930
1919
1908
1908
Jan. 1, 1909
Nov. i, • 1919
Dec. 1. 1932
May 1,
Jan. 1,
April 1,
Jan. 1,
July 1,
RESULTS.
1883.
1884.
1835.
1380.
1,280
1,313
1,310
1,#65
$
221,690
$
1,305,515
4,255,393
253,897
3,623,827
5,78 4,931
4,007,022
5,814,810
3,721,151
1,891.457
1,777,909
2.09 1,659
63 99
1,470,553
Freight
Net earnings
Net from laud grants
Other receipts
-...
3,843,948
200,778
5,515,284
65-70
$
1,891.457
517,777
153,623
2,592,857
Disb urscmenU—
$
Rentals paid
Interest on debt
Div. on pref. stock..
Rate of dividend
Loss on prop, roads.
35,56 4
1,222,371
Tot. disbursem’ts
Balance surplus
2,040.767
770,476
(7)
....
1,074,121
-(V. 13, p. 2 4 4,
17,565
-
1883.
120,633
.
N.
J.
O.
J.
J.
J.
N.
M
A
A
A
A
A
A
A
$
-Total income
$957,956
....
Earnings—
Passenger
Receipts—
ACCOUNT.
Net earnings
Interest
Other receipts
Nov.. 1899
1,430,711
4,132,530
69-26
$
1,413,218
4,466.734
273,315
6,153,267
3,8 48,575
-
2,30 4,692
6 2 54
INCOME ACCOUNT
3,966,300
$957,956
IN GOME
Receipts—
1,061,091
46,8 10,896
1886.
635
J.
A i).
FISCAL
j
183-4.'
635
1, 1916
1, 1916
1, 1887
1, 1917
July 1, 1934
N. Y., Union Trust Co.
Various
J.
J.
M.
J.
A.
J.
J.
J.
M.
....
May
May
Aug,
July
....
.
18,559,626
1,000
1,000
Jan. 1, 1923
Jan. 1. 1898
Jan. 1, 1898
Oct. 5, 1886
i
2,800, 09
100
100
Dividend.
New York, Co.’s Office.
J.
do
do
J.
do
do
J. U.S. Treas. at maturity
O. Now York. Co.’s Otfioe.
N.
N
Q — F. New York, Co.’s Office.
J. A J.
do
do
M. A N.
do
do
J. A J.
do
do
M. A s
New York.
6
7
5
6
780,000
....
1,000
Stocks— Last
WI 10m.
A
A
A
A. A
M. A
M. A
1%
12.960,t»09
1,500,000
8,02 .*,4 41
17.479,850
13,442,000
223,000
2,631,000
715,000
108,500
....
1886
6
6
5.000,000
....
1864
1865
3*2
100 Ac-
100
100
1883
169.000
1,000Ac
Where Pav'able and by
Bonds—PrinoP
pal.When Due.
J.
J.
J.
500,000
750,000
41,960,000
12,100,000
When
Pay’bic
6
6
6
6
1,628.000
1886
18s6
1877
1869
1884
1885
INTEREST OR DIVIDENDS.
Rate per
Cent.
$369,000
1.000,000
— .
....
,
1883.
635
35
great favor by giving immediate notice of
any error discovered in tliese Tables.
DESCRIPTION.
Miles Date Size, or
For explanation of column headings, &c., see notes
of
of
par
on tlrst page of tables.
Road. Bonds Value.
do
do
AND
95.789
Chicago
12,356
552,090
502; V. 4 4, p
$
1,777,909
651,125
212,221
2,641,255
$
49.174
1,320,146
787,076
(7)
13,065
2,170,361
470,894
1885.
$
1886.
2,093,65)
721,99 »
2,304,692
33,235
73,959
2,843,889
$
62,982
1,331.32 4
675,403
(6)
12,52 4
3,119,716
2,0 85,233
2,139,497
979,719
763,6 >1
$
7 U.065
$
117,009
1,337,956
675.408
(6)
9,624
18 4, 263, 493.)
Western Indiana.—Owns from Dolton and Ham¬
Total disb’rsm’ts
$7a9,914 $1,100,826
$1,118,030 $1,191,134 mond, III., to Chicago, with a belt railroad and branches, with ware
houses, elevator, Ac., 44 miles of roads and 132 miles of track in all
Balance.
sur.$185,059 def.$226,154 def..$358.079 def $315,119
including 2d, 3d, 4th and siding track (of which 51 miles were leased to
—(V. 44, p. 369, 433, 52 5. 526, 653; V. 45, p. 25, 259.)
the Belt R’y of Chicago), and about 400 acres of
real estate. This
Chicago St. Paul Sc Kansas City.—(See Mip of Minn, d North company leases its road for right of way into Chicago and terminal
western.) —Do* Moines,la toO-lwem, la., 132 miles; branches, Valeria facilities therein to the Wabash, the Gt*. Trunk of Canada, the Chicago
A East. Illinois, the Chic. Sc Atl. and Louisv. New
to coal mines and Wilsons to Cedar Falls. 10
niies; total, 142 miles;
Albany A Chicago
under construction, Des M«»ines to 8t Joseph. 155 mi es
roads; the annual rentals stipulated exceed the interest charg
econsid; ar Oelwom,
connects with the Minn. Sc Norm western, and has a
erably.
is
The
stock
$5,000,000
and
bonds are limited to $10,500,900;
trallie contrac with
the bonds arc liable to be redeo 11c t at
it. The Wise. la. Sc NYbr. RR was purchased in Jm *,
any time at 105 by a sinking
1886, for $20,000
fund, which is provided for by increased rentals to be paid for that
per mile in builds and $2 >,000 per mile iu’stoek. Bon is are, authoi iz'-d
at the rate of $29,000 per mite on road and
See annual report V. 4 4. p. 780.
purpose.
I11 1886 revenue from
$5,000 per mile for termin
a’s in cities an l for equipment; also,
$8,000 p-r mile additio tal for rentals, etc., was $700,928 ; int -rest, etc., $5 44.78 4; surplus, $16 j, 144.
double trick. Capital stock ($25,00 • per mile),
$3,500,000.- Gross earn¬ —(V. 43, p. 22; V. 44, p. 751, 780.)
ings for six months from July 1,1886, on 115 miles were $138,965 ; net,
Chicago Sc West -Michigan.—Owns from Lacrosse, Indiana, to
$42,523: payment from old company, $25,OuO; surplus over interest Pent
water, Mich., 209 miles; branches—Holland Junction to
charge, $10,023. R. T. Wilson. New York, President..—(V. 43, p. 72; 23 miles;
Allegan,
Holland to White Cloud, 70 miles; Fruitport to
V. 44, 627.)
Muskegon,
10 miles; Kirk’s Junction to Pickand’s
Junction, 3 miles: Muskegon
Chicago St. Paul Jlinueapoli* <fc Omaha. —(See map Chicago to Port Sherman, 6 miles; Woodvillo to
Muskegon River, 17
& Northwestern )
Mileage.: Eastern Div.—Elroy to St. Paul, 196 miles; Mears to Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; miles;
White
River Falls Branch, 25 miles; Stillwater Brandi, 4 mites; South
River
Junction
to
Baldwin,
20 miles; total operated, 413 miles. In
Stillwater
Branch 4 miles; Eau Claire Branch, 3 miles; Neillsville
1887
leas*
d
to
Branch, 14 miles;
Chieag > Sc Ind. Coal RR., about*18 miles—Li Crosse to
St. Paul to Minneapolis, 10 miles; total, 256 miles. Northern
Division- Now Buffalo.
North Wisconsin Junction to Bayfield, 178 miles; Ashland
Organized as successors of Chicago A Mich. Lake Shore Jan. 1,1879, and
Junction to
Ashland, 4 miles; Ashland Shore line, 1 mile: Eau Claire to
consolidated in Sept., 1881, with the Grand Haven road, 57
miles,
Junction, 81 miles; Superior Junction to Duluth, 73 miles:Chicago
total, Muskegon to Allegan, and the Grand Rapids Newaygo A Lake Shore, 46
338 miles.
St. Paul Sc Sioux City Division—St. Paul to Sioux
City, 269 miles, from Grand Rapids to White Cloud.
miles; Minneapolis to Merriam Junction, 27 miles; Lake Crystal to El¬
There are also $24.00J outstanding of Gran l
Rapids Newaygo A L.
more, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls
Junction S. 2d Div-. bonds.
to Salem, 98 miles; Luverne to Doon, 28 miles;
total, 521 miles.
Earnings, Ac., have been as follows :
Nebraska Div;—Covington to Omaha, 126
miles; Coburn June, to Ponca,
1883.
1834.
1385.
16 miles; Missouri River transfer, 2
1886.
miles; Norfolk Branch to Emerson,
$
$
46 miles; Wakefield to
$
$
Ilartington, 34 miles; Wayne 10 Randolph, 22 Total gross
earnings
....1,550,098 1,469,667 1,297,301 1.393,979
miles; total, 245 miles. Total owned, 1.360 miles.
Proprietary road, 5
Kcceijtis—
miles. Total of all, 1,365 miles. This was a consolidation
July, 1880, of Net earnings
364,874
468,977
the Chicago St. Paul Sc Minneapolis
348,788
370,482
(formerly West Wisconsin), the North Other receipts
7,559
2,217
Wisconsin, and the St. Paul Sc Sioux City. The St. Paul A Sioux
4,072
9,261
City was
a consolidation in August,
1879, of the St. Paul A Sioux City and the
Total
income
372,433
Sioux City Sc St. Paul, forming a main line from St. Paul
471,194
352,86 t
379,743
to Sioux City,
Disbursements—
$
$
270 miles. The St. Paul Stillwater Sc
$
$
Taylors Falls was consolidated Interest on debt
217,024
222,085
224,030
with this company; also the Worthington Sioux Falls Sc
225,024
Iowa and Cov¬ Dividends
L
2
184,506
5,257
123,004
ington & Black Hills.
153,755
Preferred stock lias a prior right to non-cumulative dividend of
7 per
Total
disbursements.
401,530
437,342
cent from net earnings; but common is never to
347,034
373,779
receive more than is
Balanco
..def. 29,097 sur.33,852 1sur. 5,776
964
paid on preferred. The Chic. St. Paul & Minneapolis 1st mort. is a 2d
on the lands; the land mort. a 2d on
(V. 44, p. 525.)
road; but no foreclosure eau be
had except by default 011 1st
mortgage.
Cincinnati Hamilton Sc Dayton.—Owns from
In November, 1882, a controlling interest in the stock was
Cincinnati, O.,
purchased to Dayton, O., 60 miles; leased—Dayton A
for the Chicago & Northwestern Railway
Michigan, Dayton to
by the acquisition of 93,200 Toledo, 142 miles; Cincinnati Hamilton A
shares of common at an average price of
Hamilton to
48-40, and 53.800 shares of Indianapolis, 99 miles; Cincinnati RichmondIndianapolis,
A Chicago. Hamilton,
preferred at an average of 404-04—the total cost being $10,503,959, to
O.,
Indiana State line (aud leased road), 44 miles; MeComb
which stock is Held as an asset of the Chic. A Northwestern
Toledo &
Company.
I).,
9 miles: total operated, 35 4 miles; each lease reported
Report for 1886 was in Chronic e, Yr. 44, p. 493. The land sales a
separately.
A proposal in 1886 >o issue pref. stock was
abandoned, but renewed
1880 were 191.665 ac es fc" $1,562 803, including
lots; land r ontmets in 1887, and authority to issue $10,000,009 was voted in
and notes on hard Jiec. 1
Juno
; in Jan.,
168
$3,093,892; lauds; u.1/ < ^edgof, Ls87, the srockholdeis Voted to issue
$2,009,000 bonds, a id $509,000
647,197 acres. Eni'vs*
*
ollows:
Sc
188 4.
,
*
....
....
....
....
...
—
common
stock.
3 5
INVESTORS’
SUPPLEMENT.
[Vol. XLV.
MAP OP THE
“
CINCINNATI,
INDIANAPOLIS,
ST. LOUIS & CHICAGO
RAILWAY & CONNECTIONS.
RAILROAD
September, 1887.1
Subscribers will confer
a
STOCKS
AND
BONDS.
great favor by giving Immediate notice of
any error discovered In these Tables*
DESCRIPTION.
on
Miles
of
Road.
first page of tables.
Chicago d
Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo A Lake Sli., 1st mort.
coup
Gen’l M. ($12,000 p. mile)
Cincinnati Hamilton d Dayton— Stock
,
Preferred stock
Consol, mort. ($996,000 are 7s)
Mortgage bonds, gold
sink, fund 1 p.
c
413
127
36
413
354
354
60
....
Cin. Ham. A I. (Junction) RR., 1st mort., guar
Cincinnati Indianap. St. Louis d Chicago—Stock..
Ind. A Cin. of 1858, 1st mort
Indianapolis Cin. & Laf. mortgage
Cin. & Ind., 1st mortgage
do
2d M., guar., and funded coupons
Gen. 1st mort. gold sink, fund (for $10,000,000)..
Consol, mort
Cincinnati Lafayette & Chicago, 1st mort., gold
Cinn. Jackson d Mackinaw—1st, consol, m., g
Cincinnati Lebanon d North.—1st m. (for $200,000/
Cincinnati d Muskingum Valley—1st mortgage
Cincinnati Sew Orleans d Texas Pacific—Stock
Cin. Richmond d- Chic.—1st mort., guar. C. H. AD..
Cin. Richmond d Ft. IP.—1st mort., gold, guar
..
Cincinnati Sandusky d Cleveland—Stock
Preferred stock
Mortgage bonds, Sandusky, Dayton A Cincinnati
2d
mortg. Cine.. Sandusky A Clove
98
411
95
151
20
20
All.
175
56
263
37
148
336
36
91
190
190
....
....
Cincinnati d Springfield—1st mortgage, guar
2d mortgage
Cincinnati Wabash d Michigan—Stock ($3,000,000)
Cincinnati Washington d Balt.—Common stock
—
Preferred stock
1st mort. gold (the 4^8 are guar, by B. & O)
48
48
165
281
281
....
Date
of
Size,
Bonds
.
1869
1871
1881
$....
$3,1^0,200
1,000
1875
1887
1873
2,000,000
1,800,000
100
10,000,000
1,151.000
461,000
317,000
864,750
5,019.000
857,000
918,000
....
oOO Ac.
1,000
1,000
1,000
1000 Ac
1886
1870
....
1866
1871
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
50
50
....
....
1866
1867
1871
1872
....
....
1,000
1,000
....
.
«
....
1883
•
•
100
100
....
1,000
Dayton Ft. Wayne A Chicago road was organized by consolidation and
was to be leased to C. H. A D.; the stock of the
Dayton A Mich, road was
f-o’.d to David Sinton and Taos. J. Emery.
No report for 1886-7 has
been issued. Income account in the fiscal
yearsending March 31 was
as follows, including all the roads operated:
1883-84.
1884-85.
1885-86.
$2,865,933
$2,856,559
$1,813,899
$1,841,271
236,940
503,266
132,017
132,015
6,185
Miscellaneous
Total
$2,968,227
236,940
490,718
132,020
10.650
$2,724,144
2,89 4.009
1,000
1,000
$500,000 of
$3,042,461
Operating expenses and taxes.. $2,083,705
C. H. A D. div., c un. and pref..
236,485
Interest
509,840
4,000,000
1,000,000
1,000
per cent bonds; also to authorize the $10,000,<io0 pref. stock (see V. 41,
p. 808). The failure of II. S. Ives A Co , in August, 1887, placed the
affairs of this company in u complicated situation. The
securities in its
treasury had b.-cn used largely for lo ins, and preferred stock to an un¬
known annum' had been issued and pledged
by Ives A Co. The assets
of Ives A Co. were given in V. 45, p. 333,
showing $4,689,600 of pre¬
ferred Cmu. Ham. A Dayton, Rtock and $4,665,904
Jof common. The
Gross receipts
576,000
2,794,000
100
100
....
Rate per When Where
Cent.
Payable
480.000
1,000
1,000
2,600,000
100,000
1,500.000
3,000,000
560,000
1.800,000
4,003,330
428,850
5?8,000
1,072,300
2,000,000
651,000
1
8
F.
M.
J.
J.
8
5
2
1
5, 6, 7
4^
7
-
lx4
7
7
7
7
4
6
7
5
5
7
3
7
7
2
3
6
7
7
7
g.
g.
Whom.
byj
Stocks—Last
Dividend.
Aug. 15, 1887
Sept. 1889
July 1, 1891
Q.-F.
N. Y., WinslowL. A Co.
q.—f.
do
do
do
do
do
do
do
do
Treasurer’s OJHco.
May 1, 1887
April 1., 1887
A. A O.
J. & J.
J. A J.
Q.-M.
A.
F.
J.
J.
g.
Payable, and
pal,When Due.
A A.
Boston.
A S. Bost.. Treasurer’s office.
& J.
N. Y. Union Trust Co.
A D.
A
A
A
A
Deo. 1, 1921
Oct., 1905
1937
Jan., 1903
Sept. 15, 1387
O. N. Y., D.exel, M. A Co.
Oct., 1888
A.
do
do
Feb., 1897
D.
do
do
Dee., 1892
J
do
do
Jan., 1892
N.
Y., Central Trust Co. Aug. 1, 1936
Q.-F.
M. A N. N. Y., Drexel, M. A Co.
May 1, 1920
M. A 8.
do
do
Moll., 1901
J. A D. N.Y., Central Trust Co. Deo. 1. 1936
J. A J. Cinn., 4th Nat’l Bank.
1906
J. A J. Jau.,’86, cp.paid in Dec.
Jan., 1901
Feb.
g.
2,043,100
5,811,100
12,863,200
7,676,000 4*31; A 6g
J.
J.
M.
M.
A
A
A
A
F. A
J. A
A. A
J. A
J. N.Y., Winslow, L. A Co.
D. N.Y., Winslow, L. A do.
N.
Boston, Office.
N.
do
do
A. Boston, Nat. Revere Bk.
D.
Boston, OfHce.
O.
N. Y., U. S. Trust Co.
J.
do
do
M. A N. N.Y.,Farm’s’ L.A1Y. Co.
5, 1883
July, 1895
June, 1921
May 1, 1884
May 2, 1887
Aug. 1, 1900
Deo.
1, 1890
April 1, 1901
1902
Nov. 1,
1931
in 1851 and opened in 1857. Sold under foreclosure Oct.
17,1863, and
reorganized as Cincinnati & Zanesville March 11, 1864. Sold
again Dec.
3. ’69, and reorganized as at present
Jan., ’70. Road was leased for 99
years from Jan. 1, ’73, to P. C. A St. L.,baton Dee. 31, ’85, the C. A
M.
V. Co. resumed possession.
Gro^s earnings iu 1886,
$191,132; net,
$74,511; interest, $105,000; deficit, $47,093. Total amount due lessee
Dec. 31, 1886, $1,081,013.
Capital stock, $3,997,320. The coupon
of Jau. 1,1886, was paid in Nov.,
1886.
Cincinnati New Orleans Sc Texas Pacific.—(See
Map).—This is
organized under the laws of Ohio Oct. 8, 1881, to operate
the Cincinnati Southern, and 51 per cent of the stock is hold
by the Eng¬
lish company, tho Alabama New Orleans A Texas Pacific
Junction.
Limited. The Cincinnati Southern road extends from CincinnatiCo.,
to
Chattanooga, Tenn., 336 miles. The Ala. N. O. A T. P. also controls the
Vicks, it Mer., 142 miles; Vicks. Slirev. it Pac., 189
miles; N. O. A No.
East., 196 miles; and Spanish Fort RR., 13 miles. See title in this
Supplement. The rental due the Cincinnati Southern is
$812,091) per
year till 1886, then $912,000 till 1891, $1,012,000 till
1896, $1,102,000
till 1901, and $1,262,000 t ill 1906. The annual
report for 1886 in V.
44, p. 243, gave tho following income account for three years :
1884.
1885.
1886.
Total
the company
earnings
$2,673,577
Bonds—Prinoi
INTEREST OR DIVIDENDS.
Amount
Outstanding
....
1858
1867
1862
1867
18*6
1880
1871
1886
or
Par
Value.
In Juno. 1837, a controlling interest in the stock of the Terre
Haute &
India uipolis RR. was purchased ; the stockholders voted to
constructor
lease a line from Hamilton to Middletown, ()., and issue
D. & M. dividends
37
$2,653,184
expeuses and taxes...
$2,681,546
1,836 974
1,710,535
Net earnings for the year...
$821,210
Working
$2,882,172
1,833,579
$971,011
Net surplus
$1,018,593
$74,232
$141,789
$182,982 Rental
812,0)0
812,000
834.043
—(V.43,p. 131, 334, 487, 671, 718; V. 44, p. 59. 90, 148, 211,439, 526,
713, 751, 807 ; V. 45, p. 53, 210, 239, 333, 369.)
Surplus
revenue
$9,210
$159,011
Cincinnati Indianapolis St. Louis A
$214,549
€!ilcago.-(.?ee Map.) — —(V. 43, p. 125, 210, 7 74 ; V. 4 4, p. 21.)
Owns from Cm. to
Lafayette.,
Ind.,
174
miles;
Lawreuceburg
branch,
Cincinnati
Richmond
Sc
Chicago.—Owns from Hamilton, O.,
3 miles; Harrison branch. 7 miles; Fairland F. A M.
Road, 38 miles; to Indiana State Line, 37 miles;
leased, Richmond, Ind., to Ohio State
and Cincinnati Lafayette A Chicago (leased), 76
miles; Vernon Green. Line, 7 miles; total operated. 44 miles.
& Rush., 44 miles; Kankakee A Seneca (one-half
Reorganized
owned), 43 miles; Col. leased iu perpetuity from Feb., 1869, to Cion. Ham. AMay 3, 1866, and
Dayton Co., this
Hope A Green., 26 miles; total operated, 411 miles.
Co. to receive all surplus after
expenses and bon l interest.
A 2d inort.
This company was formerly the Indianapolis
Cin. A Laf., which road of $65,009 d le 1889 is owned
by C. H A D Capital stock, $332,600.
was sold in foreclosure Feb. 2,
1880, and this company organized.
Cincinnati Richmond Sc Fort Wayue.—Owns from Rich
The new 4 per cent mortgage for $10,000,000 will retire
all other mond,
Ind., to
Ind., 86 miles; leased, 5 miles of Pittsburg
bonds as
they fall due, and leave a surplus of $1,000,000 for other pur¬ Fort Wayue A Adams,
Chicago; total operated, 91 miles. Leased for 99 years
poses as needed. There are j^et outstanding $33,500 Cin. A Ind. fund,
to
Grand Rapids A Indiana, the
rental being net earuings; in¬
coup. 7 p. ct. bonds, due Sept., 1890.
Iu March, 1887, stockholders of terest is
guaranteed by the lessees and by the Pennsylvania Company
record, on the 18th of that month had the privilege of
subscribing to aud Cincinnati Hamilton A Dayton Company, jointly. Gross earuings
$3,000,000 new stock at 65. (V. 44, p. 275.)
iu 1885, $383,585; net, $103,546; loss to
In the year 1S86-7 gross earnings were
guarantors, $68,116. Gross
$2,752,c92, against $2,526,- in 1885, $225,690; loss to guarantors, $50,873.
934 iu ls85-6; net, $1,111,281, against $1,046,443.
Capital stock, $1,709,192. Total advances by guarantors, $983,163.
The annua! report for the fiscal
year ending Juno 30,1886, published
Cincinnati
Sandusky Sc Cleveland.—Owns from Sandusky,
in the Chronicle, V. 43, p. 430, had the
following:
Ohio, to Dayton, Ohio, 154 miles; branch,
INCOME ACCOUNT.
Carey to Findlay, 16 miles;
leased,
Columbus Springfield A Cincinnati, 4 4 miles; total operated, 214
1882-83.
1883-84.
1884-85
1885-86. miles, less the division between Springfield A Dayton,
2 4 miles, which, is
$
$
$
$
leased to the Clev. Col. Cinn. A ludianapolis. The
Gross earnings
preferred stook
” 2,617,457
2,408,589
',595,859
has a lion
2,526,934
Net earnings
by deposit of old bonds in trust. In April, 1831, a lease
973,652
903,190
935,678
was made to the Indiana
986,872
Bloomington A Western, but litigation
Disbursements—
Interest on bonds
Dividends
Rate of dividends
Miscellaneous
621,159
315,000
(4Hj p. c.)
2,342
626,233
5,254
624,482
624.234
29,045
210,000
(3 p. c )
18,8 44
Tot. disbursem’ts...
933,501
631,487
653,527
853,078
Balance, surplus
35,151
271,70?
232,151
133,794
—(V. 43, p. 22, 73, 190, 368, 430, 431, 458, 515, 607; V. 44,
p. 59, 90,
244, 275, 343, 494, 808; V. 45, p. 112, 271.)
Cincinnati Jackson Sc JUackluaw.-Owns from
Carlisle, O.,
north to Cecil. O., 127 miles ;
Allegan to Dundee, Mich., 133 miles, and
has a connection under construction from
Cecil to Jackson. Mich., 83
miles; total, 346 miles. This Co. was formed Feb.
12, 1886, by con¬
solidation of the Cincinnati Van Wert A
Mich., RR., and the Jackson A
Ohio RR., and afterward purchased the Mich. A Ohio sold
in foreclosure.
The bonds aie issued at $10,0)0
per mile, covering also equipment
which cost about $1,000,000, thus
reducing the lien on the road to near
$7,000 per mile. The authorized issueot 1st consol, bonds will be
$6,000,000; pref. st »ck 6 per cent, noil-cumulative, $6,228.00J; common
stock,
$11,000,000, of which $8,320,000 common and $4,680,000 pref. were
listed in June, 1887. Of the 1st cons >1. mort.,
$L,200,000 will be used to
retire the same amount of Cin. Van Wert A Mich. 1st
mort. bonds, due
1901, which are a first lien on 81^ miles (called the Central
Division)
between Cecil, O., and Greenville, O. The income
bondholders on same
piece of road were given new pref. stock for their bonds.
A syndicate was formed to build the conn
ction of 83 miles, this
syndicate receiving for every $10,000 cash subscribed $8,0)0 in 1st
mort. bonds, $10,000 in pref.
stock and $20,0U0 in common stock.
Iu 1886 the net earnings were
$126,000. and for six months of 1887,
Sross
of the
were
$203,779.
J. M. C. Marble, Presient, earnings
Vail Wert,
O.; company
George R.
Sheldon,
Vice-President, N. Y. City.
—(V. 44, p. fi08, 812.)
Cincinnati Lebanon Sc Northern.—Cincinnati,
O., to Dodds, O.,
36 miles; branches, 2
miles; total, 38 miles. This Co. was formed in
1885, as successor of the Cinn. Northern, sold in foreclosure. Stock is
$1,000,000. Gross earnings for
$45,969.-(V. 44, p. 243 )
net,
17 months to Dec.
31, 1886, $176,691;
Cincinnati Sc Muskingum
Valley.—Owns from Morrow, O.,to
Dresden Junction, O., 148 miles. Chartered as Cinn.
Wilrn. A Zanes.
eusued,
and the l. B. & W. went to foreclosure.
Afterward it was reported
th it after the sale tho two companies would he consolidated. See
V. 43,
p. 458.
(V. 4 ?, p. 49, 244, 399, 398, 45 i; V. 44, p. 99.1
Cincinnati Sc Springfield.—Operates from Cincinnati.
Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles were leased fro m other
companies. The whole is leased and operated by Cleveland Col. Cin.
A Ind. Co., giving them a line into
Cincinnati, aud depot accommoda¬
tion. Lessees apply any excess over rentals to C. A S. stock.
lutereat
is guaranteed on the first mortgage, one-half
by the lessees aud one-half
by L. Shore A Mich. Southern. Stock is $1,109,090. To January. 1837 ,
tne C. C. C. A I. had advanced $2,854,315.
Gross in 1835, $336,104;
net, $193,562 ; rentals. $167,322 : interest, $135,570 ; other
payments,
$15,500; total, $363,392 ; deficit. $174,329
Gross earuings in 1886,
$1,130,32 4; net, $116,091.
Cincinnati Wabasli Sc Michigan
Rail way.—Owns from
Benton Harbor, Mich., to Anderson, Ind., 16.5 miles. Sold Nov.
5, 1879;
for account of bondholders.
New company organized April,
1830,
Total stock authorized, $3,009,000. Gross earnings for
1336, $339,139 ;
net, $98,404. Gross iu 1385, $321,790; uot, $58,6 35. J. H.
Wale,
President, Cleveland, Ohio.
Cincinnati
—
(V. 45,
o.
3 41.)
Washington Sc Baltimore.—(See Map of Balt, d
Ohio.)—Cincinnati, O., to Belpre, O., 193 miles; branches - Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 in ; Blauchester to Mills-
boro, 22 m.; total, 281 in.
The Marietta A Cincinnati Co. was sold in foreclosure Dec.
9, 1882,
and re-organization was made Feb. 7, 1833, under this name.
Prior lien bonds were issued for receiver’s certificates. Of the
first
mortgage bonds, $1,250,090 were issued for the Cincinnati A Baltimore
RR. stock, and bear 6 per cent, the balance boar 4*2
per cent and are
guaranteed by the Balt. & Ohio RR. Co. The income bondholders have
voting power. The annual report for 1886 had the following:
Burnings from—
1884.
1885.
1836.
Passengers
Freignt :
$536,198
Mail, express, Ac
Total
earnings.
Operating
expenses
Netcarniugs
aud taxes
1,079,861
238,249
$461,412
1,019,277
22 4,581
$533,797
1,242,693
233,916
$1,85 4,308
1,408,371
$1,705,270
1,464,830
$2,010,408
1,462,943
$445,937
$240,440
$547,463
RAILROAD
September, 1887,]
Subscriber* will confer
a
great favor by
STOCKS
giving Immediate
AND
BONDS.
notice of any error discovered in these
Tables.
DESCRIPTION.
Miles
Date Size, or
For explanation of column headings, Ac., see note
of
of
Par
on first
page of tables.
Road. Bonds Value.
i
Cincinnati Washington £
Baltimore—(Continued) —
2d mortgage, gold
Prior lien, gold®
3d mort., gold (3 pr. ct. for 10 jrears and 4
after)
1st income mort., noil-cumulative,
gold
2d income mort., non-cuiuulative
Baltimore Short Line mortgage
Cincinnati A Baltimore mortgage
Scioto A Hocking Valley
mortgage
Cleveland Akron £ OolumLus—Stock
1st mortgage bonds
General mortgage, gold-(for $1,800,000)...
Cleveland £ Canton.— Stock ($2,800,000 is pref.)...
Mortgage bon s for $2.000,000.
Cleveland Columbus Cincinnati £ Ind.—Stock
let mortgage Bel. A Ind
do
C. C., C. A I. sinking fund
Cons, mortgage (sink, fund 1 p. c.)
General consol, mort., gold (for $12.000,000)
Clevel. Lor. £ Wheel— Cl. Tusc. Val. A W. 1st M..
Cleveland £ Mahoning Valley—Stock
1st mortgage, extended
3d mortg. (now 2d)
New mortgage for $1,300,000
Niles A New Lisbon, 1st mortgage
Cleveland £ Marietta—Stock
Cleveland £ Pittsburg—Guaranteed stock
•
4th mortgage (now 1st)
Consolidated sinking fund mort. for $5,000,000..
....
•
Cleveland Youngs. £ Pitts.—IstM., gold.
•
•
....
•
•
•
•
....
m
•
m
m
144
144
■
....
391
202
390
390
Disbursements—
Interest
bonded debt
Other interest and miscellaneous.
on
1,000
1,000
1,000
1,000
1,000
2,237,000
3,214,000
....
.
ioo
..
1886
1887
500 Ac.
500 Ac.
.
•
m
a
ioo
...
1864
1869
1874
1884
1878
1,000
1,000
1,000
1,000
”35
1870
500 Ao.
.
•
•
”50
1862
1867
1873
1373
1882
•
1885.
500
1,000
1,000
1,000
1,000
$240,440
$692,072
28,591
$693,275
1,213
$720,667
$69 4,483
Balance, deficit
$274,730
$454,048
—(V. 43, p. 308, 398; V. 44, p. 60,90, 494, 781.)
Grossinl885,
apolis, Iud., 203 miles; Delaware, O., to Springfield, O., 50 miles;
leased, Cincinnati A Springfield RR., 80 miles; Levering Station to
Mount Gilead, 2 miles; Ind. A St. Louis RR
Indianapolis to Terre
Haute, 72 miles; St. L. Al. A T. H., East St. Louis to Terre Haute, 189
miles; Alton branch, 4 miles; total owned, leased and operated, 738
miles. This was a consolidation in April, 1868,
embracing the C. C. A C.
and the Bellefontaine roads; subsequently leased Cinn. &
Spring. RR.
and St. L. Al. A T. H. RR., and purchased Ind. A St. L. RR.
The company paid dividends prior to 1877, but after that the
large decline in rates for through freight and the heavy rentals paid
reduced the company’s income so that no further dividends were
paid
until February, 1880, and none after that till
February, 1883. In 1882
the company acquired control of the Indianapolis A St. Louis, and made
,
lease* of the St. Louis Alton A Terre Haute Railroad. The
sinking
fund provision of consolidated bonds
may be canceled at option of
holders, and tin* bonds so stamped.
From .Ian. 1 to June ::0, 1887 (6 months),
gross earnings on all lines
were $3,498,479, against $3,135,163 in
1886; net, $93 5,569, against
a new
interest, taxes, betterments, Ac., $7.152, against
deficit of $14,477 in 1880.
The annual report for 1886 was in the
Chronicle, V. 44, p. 368.
On the C. C. A I. C. proper, the r< suits for four years were as follows:
OPERATIONS AND FISCAL RESULTS.
Miles owned
1883.
391
Is84.
1885.
391
391
43,548,617
42,176,610
Operations—
Passenger mileage
...
Rate $ pass. %) mile
.
2 217 cts.
2-133 cts.
260,000
1,040,000
9,800,000
(?)
14,991,600
231,000
3,000,000
4.007,000
3,205,000
700,000
2,759,200
740,500
654,600
(?)
500,000
2,000,000
11,246,971
1,096.000
2,2 0,000
1,669,000
401,000
<«>
J. A D.
J. A J.
M. A N.
1ifi
6
5 g-
5
2
7
7
7 or 6 g.
6 £•
7
(?)
7 g.
7
*7*
6
7
7
7
6 g.
J. A
M. A
J.
S.
J.
F.
J.
M.
J.
J.
A.
M.
F.
M.
A
A
A
A
A
A
A
A
J.
A J.
A
do
do
do
do
do
do
do
do
do
do
an., C. W. A B. Office.
N.Y.. Farm.Ln.A Tr.Co.
N. Y., J. A. Horsey.
do
do
do
do
J. Boston Inter’l Trust Co.
N. Y., U. 8. Trust Co.
J.
do do
N.
do
do
D. New York or London.
J.
New York.
0. N.Y.. Union Trust Co.
N.
Cleveland, Office.
A.
N. Y., U. S. Trust Co.
S.
do
do
A A.
Q.-M.
J.
M.
J.
J.
J.
Y., Farms’ L. ATr. Co.
A
A
A
A
A
J.
N.
J.
J.
J.
N. Y.t Union Trust Co.
N.
Y., Farm. L. A T. Co
do
do
do
do
do
do
do
do
Last paid Jan., 1884
Dividend.
Nov. 1, 1931
April 1, 1893
1, 1931
Nov.
Nov.
Nov.
Dec.
Jan.
I,
1931
1, 1931
1, 1901
1, 1900
May 1, 1896
Feb. 1, 1837
Jan. 1, 1926
Mar. 1, 1927
July 1, 1917
Feb. 1, 1883
Until 1899
May, 1899
June 1,1914
Jan. 1, 1934
Oct. 1, 1898
(1)
Aug. 1, 1893
Sept. 15,1896
£§*90
Jan.,
Sept.'1,'
1887
Jan., 1892
Nov. 1, 1900
Jan. 1, 1913
Jan. 1, 1934
July 1, 1921
44, p. 653.)
were $370.c07; net, $73,278;
surplus over taxes and charges, $1,68 4.
Bee full report to Dec. 31, 1886, V. 44, p. 120.
From Jan. 1, to July
31. 1887 (7 months) gross earnings were $201,538, against
$193,575 in
1886; net, $48,183, against $41,346. (V. 43, j». 244, 487; V. 44,
p. 120,
211, 275, 400, 433. 621,751; V. 45. p. 84,271, 292.)
Cleveland Columbus Cincinnati Sc
Indianapolis.—Owns
from Cleveland, O., to Columbus, O., 138 miles;
Galiou, O., to Indian¬
over
4,000,000
J. A J. N.
A. A O.
F. A A.
Whom.
Lorain Sc Wheeling.— Owns from Lorain, O., to
Wheeling, O., 158 miles. Chartered as Lake Shore A Tuscarawas
$547,463 Valley in 1870 and opened in 1873. Sold under foreclosure Jan.
26,
1875, and reorganized as Cleveland Tuscarawas Valley &
Wheeling. In
$693,175 February, 1883, road sold and
reorganized as Cleveland Lorain Sc
408 Wheeling. Common stock is $1,000,0i)0
and preferred $4,600,000.
In
1885 gross earnings were $755,447; net,
$212,111. Tn 1886 gross
$693,583 earnings, $814,357; net, $257,403;
interest, $49,000; surplus, $203,$146,120 403. (V.
$493,890; net, $**8,001.
Repott for 1886 in V. 44, p. 433.
(V. 44, p.
275, 360. 433 ; V. 45, p. 341.)
Cleveland Sc Canton.—Line of road—Cleveland to
Coshocton, O.,
115 miles; Canton to Sherrodsville, 43 miles; Oneida to
Minerva, 3 miles;
total, 16 L miles. The Connottoii Valle}- Railroad was sold in foreclosure
May 9,1885, and this company was organized with an authorized capital
of $4,000,000 common and $8,000,000 preferred stock.
In May, ’87,
stockholders voted io negotiate a mortgage of $2,000. <00 to
change tlm
gauge to standard, Ac. The gross earnings for year ending Juno 30,1887,
$768,999; surplus
300.000
5 g.
4 lag.
3-4
5
5
7
7
7
Bo?ids—Princi¬
pal,When Due.
Payable, and by Stocks—Last
West
Cleveland Akron Sc Columbus Railway.—Owns from Hud¬
son, O., to Columbus, O., 144 miles.
Default was made July, 1874, by
Cleveland Mount Vernon & Delaware. Sold in foreclosure in 1882 to
parties representing the Holland bondholders. The company was re¬
organized under this title in Jan., 1886. The 1st mort. bonds
redeemed Jan 1, 1890, and of the gen. mort. sufficient are held tomaybe
retire
the firsts and to Duild the Dresden Brauch now in
progress. Gross earn¬
ings in 1*86, $542,915; net,$130,532; charges,$56,828.
750,000
500,000
Rate per When
Where
Cent.
Payable
Cleveland
1886.
$445,937
Total disbursements
....
....
....
4,000,000
1852
50
500 Ac.
500 Ac.
....
1884.
earnings
500.000
1873
1876
INCOME ACCOUNT.
Net
$3,033,000
1.000
158
127
67
67
99
200
199
199
Outstanding
$1,000
161
..
Constr’n and equip’t income bonds, Series “A”...
Do
do
Series “B”..
•
INTEREST OR DIVIDENDS.
Amount
■■
1883
1883
1883
1883
18s3
1869
39
1886.
391
38,145,360 39,496,055
2-091 cts.
2*150 cts.
1885.
$
1886.
Cleveland Sc Mabonlng Valley.—Owns from Cleveland,
O.,
to Sharon, Pa., 81 miles; Niles, O., to New
Lisbon, O., and branches,
46 miles; total operated, 127 miles.
It was leased to Atlantic A Great
Western in perpetuity from October 1, 1861. A now lease
was made
to the reorganized
company, New York Penn. & Ohio, till Oct. 1, 1962,
at $357,180 per year till
Jan., 1885, and $412,180 per year afterward.
Cleveland Sc Marietta.—Operated from Marietta, O., to Canal
Dover and branch, 99 miles, and 7 miles,
Valley Junction to Canal
Dover, leased. The Clev. A Marietta was succ ssor to the M., Pittsb. Sc
Ciev., foreclosed in 1877. The road was again foreclosed May 5,
1886,
and reorganized, and $2,000,000 new stock was issued in
June, 1887.
Earnings in 1885-6. $293,862; net, $62,813. A. T. Wikoff, Pres’t Cam¬
bridge, Ohio G. H. Caudee, Secretary and Treas., 52 William St., N. Y.
—(V. 43, p. 431; V. 44, p. 653.)
Cleveland Sc Pittsburg.—(See Map Penn.
RR.)—Cleveland, O., to
Rochester, Pa., 124 miles; branches—Bayard. O., to New Pliila., 31
miles; Yellow Creek to Bellairo,43 miles; leased, Rochester to
Pittsburg
(P. Ft. W. A C.), 26 miles; total operated, 226 miles. The
property was
leased for 999 years from Dec. 1, 1871, to Penn. RR.
Co., and lease trans¬
ferred to Penn. Co. May 1, 1872. Rental, 7
per cent on existing oapit&l
ami $10,000 per year for company
expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10
per cent, but the old stock was
subsequently converted into a 7 per cent stock by an increase in amount.
The annual report far the year ending November
30, 1832. stated
that final settlement had beeu made with the
Pennsylvania Railroad
Company in the matter of surplus assets remaining to this company, as
of the date of the lease, after closing its
business, whloh surplus accrued
to the lessee bv the terms of the
supplementary agreement of November
30,1871. “The total amount transferred as authorized
by the board
of directors is $202,291. This sum has beeu
charged against ooustruotion, meeting the old balance of net earnings—$390,138—credited to
construction in the year 1880.”
For the year ending November 30,
1886, the gross receipts were
$2,885,234, and the deficit to lessee after making a 1 payments was
$161,482, against a deficit of $341,981 in 1885.
Cleveland Youngstown Sc Pittsburg.—Road In
operation
from Bergliolz, G.,t<> Phalanx, O., 61 miles. Sold in
foreclosure i>ooember, 1886, an<l reorganized as the “Like Erie Alliance v Southern Rail¬
way,” with stock, as report' d, of $2,100,000. No financial s atement
yet made. A. L Griffin, President, Pittsburg, Pa.
(V. 43, p. 334.)
Colebrookdale.—Owns from Pottstown, Pa., to Barto, Pa., 13
miles. Leased for 20 years from Jan. 1,1870, to
Philadelphia A Reading,
at 30 per cent of gross earnings, but
proposed changes m oouds given
in V. 45, p. 143.
Gro-s earnings in 1865-86, $ >5,528 ; net earmugs (30
per cent rental), $16,658. Gross in 1 S84-5, $44,90) ; uet (30
per cent),
$13,47L. Capital stock, $297,215. (V. 45, p. 143.)
Colorado Central—(See Map of Union Pacific) —Denver to
Golden
16 miles ; Golden to State line, 10 i miles;
Denver Jim- tiou t > La Salle,
151 miles; and narrow gauge line from Golden to
Georgot > vn, 34
miles, and Forks Creek to Central City, 11 miles; leases line from
Colorado Junction to Wyoming Stats line, 9
miles; total opeiate 1, 327
miles. Chartered in 1865, and main line
opened in 1870. Tt is owned by
the Union Pacific.
The new mortgage bond was issued to take
up the
old 8 per cent bonds, of which $37,000 are
yet out. Stock, $6,230,300.
Gross earnings ill 1835. $1,320,765; net,
$293,443; interest, $ 136,030;
deficit $36,536.
In 1386. gross earnings, $1,391,215; net, $414,112
;
interest, $336,030; surplus, $73,3 41.
,
Freight (tons) mirge.408,436,350 397,678.278 428,691.881 423,545,587
Av. rate $ ton $ mile
0-751 cts.
0 633 cts.
0-577 cts.
0 679 cts.
Earnings—
$
$
$
$
Passenger
965,693
899,435
797,679
849,168
Freight
3,068,717
2,518,873
2,471,863
2,877,157
Mail, express, Ac..
178,697
182,038
186,865
194,165
Total gross earu’gs.
Colorado Midland.—(See Map)—This standard
4,213,107
3,600.346
3,456,407
3,920,490
gauge road has
Oper. exp. & taxes...
3,143,526
2,875,853
2,812,182
2,699,361 just beeu completed from Colorado Springs to Newcastle, Culora io, 178
miles;
road was opened for op ration Sept. 1,
1,069,581
724,493
1887, to Leadvilie, 133
644,225
1,221,129 miles; branch to
..
.
INCOME ACCOUNT.
Receipts—
Net earnings
Rentals and interest
Miscellaneous
Total income....
Disbursements —
Interest on debt....
Dividends-.
Miscellaneous
1883.
$
1884.
$
1,069,581
724,493
129,497
165,531
211,396
13,805
1,364,609
507,453
(2) 299,984
26,995
644,225
213,032
$
1,221,129
263,626
949,694
857,257
1.484.755
602,540
659,385
702,810
102,633
79,896
2,133
’
Total disbursem’ts
834,432
705,173
739,281
704,943
Balance surplus.
244,521
530,177
117,976
779,812
*
From the surplus as here given each
year, there was spent for addi¬
tions to property: In 1«85, $177,14*; in 1S86,
$188,418.
-(V. 43, p. 22, 131, 309,398, 579, 671; V. 44, p.
21, 59,
357, 368, 526, 621, 751; V. 45, p. 25, 84,142.
184, 308,
\spen. 17 miles.
At Colorado Springs connect,ion is
made with Denver A Pueblo over the Denver A Santa Fo
road, which
has jusr, beeu constructed in the interest of the
Atchison Topeka A
Santa Fe. The mortgage upon the
propertv is for $6,250,0 >0, being at
the rate of $25,000 a mile, and the stock is
$5,000,000. Mr. J. J.
Hagermun, Colorado Springs, is the President.
(V. 45, p. 304.)
Columbia Sc Greenville (S. C.)—(See
Map of Rich. £ D in.)—The
company owns from Columbia to Greenville, S. C., 143 miles: orauchos to
Abbeville and Anderson, 21 in ; total 164 miles. Also
owns Laurens RR.,
31 miles and leases Blue Ridge RR., 32
in., and Spartanburg Union A
Col. RR., 69 in. Total operated, 296 miles.
The Greenville A Col. road
was sold in foreclosure
April 15, 1880, and reorganization was ma le
under this name; preferred stock, $1,000,000; common
stock, $1,000,OOO; all in $LoO shares
A majority of the stock was held
by the Rich¬
mond A West Pt. Terminal Co., and in
May, ’86, this road was lease i to
the Rich. A Danville RR. Co. The
gross earnings on all lines in 1384-35
were $724,3L6; net, $3
45,176; interest and reutals, $243,166; surplus
$102,009. In 1835-6, gross earnings, $655,631; uet, $214,83 J; interest
and rentals, $251,418; deficit, $36,585.
(V. 43, p. 718.)
,
INVESTOR’
SUPLEMNT.
[Vol.
xlv
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u*i\ 7—n *1 .lurvy-iy rtf*-*;
EAILEOAD
September, 1837.]
Subscribers will eonter
a
explanation of column headings, Ac,,
on tirst page of tables.
eee notes]
Oolebrookdale—1st mortgage
Colorado Central— 1st mortgage, new
Colorado Midland—1st m., gold ($25,000 p. mile)..!
Columbia <£ Greenville—'Sew mort.,g’ld,coup. or reg
2d mortgage
Columbia <£• Port Deposit—1st mortgage
Columbus t£ Cinn. Midland—1st M., coupon
Columbus Hocking Talley & Toledo—Stock
Consol, mortgage, gold (for $14,500,000)
General M., g., on road A Hooking Coal A RR. Co.
Col. A II. V. 1st mortgage, sinking fund bonds..!
Col. A II. V 2d mortgage bonds
Columbus A Toledo, 1st & 2d mort. co pon, s. f..
Ohio & W. Va., 1st M. (s. f. $15,000 begins in ’86)
Columbus Springfield <£■ Cincinnati—1st mort
Columbus d- Western— 1st mort. (end. by Cent. Ga.)
Columbus <£ Xenia—Stock
1st mortgage
Concord—S took
Concord & Claremont—Bonds
Concord <£ Portsmouth,—Stock, guaranteed
Connecticut Central—1st mortgage, cp. or reg
Connecticut & Passumpsic—Stock
Mortgage bonds
Massawippi st’k,
do
guar, same
bonds,
div.
as
Conn, it Pass.
by Conn, it Pass
Newport it Riehford bonds, guar, by C. it P
guar,
Connecticut Ricer—Stook
Connecting (Phila.)—1st mortgage
Consol, RR. of Vermont—1st mortg. (for $7,000,000)
Missisquoi Railroad bonds
Corning Coivancsque d Antrim—Debenture bonds..
Covington d Macon—1st M., gold (£12.<‘00
Miles
of
Date
of
Road. Bonds
13
323
250
164
164
40
71
328
324
327
121
121
118
85
45
60
55
55
172
71
41
29
147
110
37
37
22
80
7
185
....
78
60
per m.).
1868
1879
1886
1881
1881
1868
1884
.
..
Size,
BONDS,
41
$lOOAc.
1,000
1,000
1,000
1,000
100
1,000
1,000
500Ac.
1.000
1,000
1.000
1,000
1.000
50
....
1860
....
1874
....
1875
....
1873
...
1870
1881
1,000
6
7
6
13^8 st’k
1,500,000
500,000
350,000
325,000
2,50i>,000
1,500,000
400,000
400.000
100
2,370,000
350,000
1,000
991.000
100 Ac.
500 Ac.
6,000,000
500,000
1,250,000
720,000
1,000
1 000
Capital'stock, $497,100; funded debt, $1,882,000, and floating
6 g.
1,882,000
2,000,000
11,696, (00
8,000,000
1,373,000
1,401,000
777,000
3.040,000
1,584,000
1,000,000
800,000
1,786,200
302,000
1,000
1,000
debt (coupous), $1,004,290.
Columbus Sc Cincinnati Midland.-Line of road, Columbus,
O., to clintou Val., O., 71 m. Opened in Nov.,’84. Stock, $2,000,000.
The company has a 50-years traffic agreement with the Baltimore it
Ohio and Cin. W. it Balt, companies.
Gross earnings iu 1886, $320,259;
net, $112,795. Orlaml Smith, Pres., Cincinnati, Ohio. (V. 44, p. 495.)
Columbus
Hocking: Valley Sc Toledo.—Owns main line
from Toledo to Pomeroy, 257 miles; branches—Logan to Athens, 26;
Logan to Straitsville, 13; Straits’e to Nelsonville, 17; others, 14; total,328.
This was a consolidation iu July, 1881, of tho Columbus & Hock¬
6
7 g.
6
1,000,000
50
500 Ac.
100
500 AC.
100
100 Ac.
100
....
1864
1883
1871
1883
1885
Rate per
Cent.
$600,000
4,701,000
6,250.000
2,000,000
1,000
1,000
•
1831
1884
1867
1872
’75-’80
1880
1871
1881
Amount
Outstanding
Value.
j
INTEREST OR DIVIDENDS.
or
Pai
Columbia Sc Port Deposit.—Owns from Columbia, Pa., to
Port Deposit, Md., 10 miles. Leased to and operated by Pennsylvania
RR. Co. Rental, net earnings. Rental in 1885, $33,150; in 1886. $81,-
$107.
AND
great favor by giving immediate notice of any error discovered in these Tables
DESCRIPTION.
For
STOCKS
5 g.
6 g7
7
7
7
7
6
2
7
5
7
3i*
7
2^2
7
2*3
6 g.
5
2
6
5
7
6
6 g.
When
Where
Payable
Ronds—Princi¬
pal, When Due.
Payable and by Stocks—Last
Whom.
1
Dividend.
J.
J.
J.
J.
A D. Phila., Phil. A R. Office. June 1, 1898
A J. Boston, Treas.’s Offioe.
July, 1909
A D.
N. Y.. Cent, Tr. Co.
June 1, 1936
A J. N.Y., First Nat. Bank.
Jan. 1, 1916
A. A O.
do
do
April 1, 1923
F. A A.
Feb. 1, 1893
Phila., Penn. RR.
J. A J. N.Y., Farm’s’ L.ATr.Co. Jan. 1, 1914
....
M. A S. N. Y., Winslow, L. A Co.
J. A D.
do
do
A. A O.
do
do
J. A J.
do
do
Various
do
do
M. A N.
do
do
M. A S. Rost.,3 Merchants’ Row
J. A J.
N. Y., Nat, City B’k.
Q.-M.
M.
M.
J.
J.
A.
F.
A.
F.
J.
J.
A
A
A
A
A
A
A
A
S.
N.
J.
J.
O.
A.
O.
A.
A J.
A J.
Q-J.
M.
J.
J.
M.
M.
A
S.
Aug. 19, 1885
Sept, 1, 1931
June 1, 1904
Oct. 1, 1897
Jan. 1, 1892
1900 A 1905
May
1, 1910
Sept. 1, 1901
Jan. 1. 1911
Columbus, O., Treasurer Sept. 10,1887
N. Y., Am. Exch. N. B’k 8ept. 1, 1890
Boat. AManches ter,N.H.
May 1. 1887
1894
Bust., Treasurer’s office
June, 1887
Bost.AManchester.N.II.
New York Citv.
Oct. 1, 1895
Bost.Safe Dep.ATr. Co. Au,r. 1, 1887
do
April 1, 1893
do
Aug. 1. 1887
do
Jan. 1, 1890
do
Jan. 1, 1911
Oct. 1. 1887
Boston, Springfield. Ac.
Phila., Penn. RR. Office. 1900-’l-’2-’3-’4
Bust..Am. Loan ATr.Co. July 1, 1913
A J.
A J. St. Albans. W. C. Smith.
A N. Phila. F. I.T. AS. I). Co.
A S. N.Y., Green AB vtoman.
Jan.
1.
1891
I, 1893
Sept, 1. 1915
May
Concord Sc Claremont.—Owns from Concord to Claremont,
N. II., 56 miles; branch,* Contooeookvillo to Hillsborough, N.
IL,
15 miles; leased —Peterboro A Hillsboro BR., 18 miles; total operated,
89 miles. Capital stock. $412,400.
The lease to tlie Boston A Lowell
RR. having been held invalid, this ro ad was
operated indepently after
July 1, 1887. (V. 45, p, 26).
Concord & Portsmouth.— Owns from Portsmouth, N. II., to
Manchester N. II., 4082 miles.
The road was sold to first mort¬
gage
bondholders in 1857, and leased to Concord RR. iu 1862 for 99
$25,000 a-year, which gives 7 per cent a year to
There is no debt.
years. Lease rental is
present stockholders.
Connecticut Central.—Owns from East Hartford, Ct., to Massa¬
chusetts State Line, 20 miles; branch from Melrose to West Street, Ct., 7
miles; total operated, 28 miles. Leased to New York A New England RR.
ing Valley, Columbus it Toledo, and Ohio it West Virginia. Tho stocks for 15 years from June 1, 1880, the rental to be net earnings, but never
those
of
companies were purchased and new consolidated stock for to exceed 6 per eeut per year on stock. Capital stock, $ l 13,000. Funded
$20,000,000 authorized; in August, 1885, a stock dividend of lJ-’s per debt, $325,000. all owned by New York A New England Railroad,
cent was made, bringing the total outstanding up to $11,696,300. .Of and on suit for foreclosure by the lessee company it was held that they
the consolidated mortgage $6,500,000 was reserved to meet the prior must account Jo stockhol lers for the earnings.
Gross earnings iu
liens, and the “ Hocking Coal it RR.” joined in making these bonds. The 1885-6, $81,912; net, $1,812; interest, $22,750; deficit, $20,933. (V.
Central Trust Co. of New York is trustee. The geno-al mortgage of 1884 44,
p. 2 75, 713.)
covers the road, and is also a mortgage on tho coal property of tho
Connecticut Sc Passumpslc.—Owns from White River Junction,
“Hocking Coal it RR. Co.,” whose stock is owned by the C. II. it T.
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
A combination was made in 1885 with the reorganized Ohio Central
(Canada), 37 miles; total operated. 147 miles. The lease of Massawippi
by which the company will be under one management, as per the circu¬ Railroad
is at 6 per cent on bonds and same dividends as are paid on
lar in V. 40, p. 59 7, and the C. A H. V. guarantees the interest on tho
I11 M troll, 1887, a lease of this road was nego¬
the stock of the lessee.
T. it O. C. 1st mortgage bonds.
Fiona Jan. 1 to June 30, in 1887 (6 months), gross earnings were tiated to the Boston A Lowell for 99 years on a basis to pay C. A P.
stock 5 per cent per annum for ten years and 6 percent thereafter;
$1,239,123 ; net, 499,629.
operations began thereunder .June L, 1887. Gross earnings in 1884-85,
The earnings of 1884 were greatly reduced by the miners’ st rike in
the Hocking Valley, lasting from June, 1884, to March, 1885. Annual $797,526; net, $299,415. Gross in 1885-86, $758,930; net, $286,981.
report for 1886 in V. 44, p. 493; income for three years was as follows : -(V. 43, p. 308 : V. 44, p. 400.)
Connecticut River.—Owns from Springfield, Mass., to South Ver¬
INCOME ACCOUNT.
1883.
Receipts—
Gross earnings
$
2,779,382
1,123,812
Net receipts
Disbursements —
Int. on bds. A car tr.
lilt, on tloat’g debt..
Int. to Pa. lilt, on l’so
Miscellaneous
860,060
35,725
22,628
1881.
1885.
18*6.
$
$
2,311,003
977,306
$
2,361,403
978,010
88 4,561
61,586
946.925
22,902
22,581
18,750
1,«42,473
691,819
860,060
56,814
22,277
1,490
Tot. disburse’ts.
92 4,413
945,151
Balance
sur.199,399 def. 343,332
42.832
970,542
1,031,088
6,704
dof. 53,07 8
stir.
—(V. 43, p. 452, 196; V. 44, p. 90, 117, 148, 211, 275, 400, 493 ; V. 45,
p.
292)
Columbus Springfield Sc Cincinnati.—Owns from Columbus,
Ohio, to Springfield, Ohio, 44 miles. Leased with Cincinnati Sandusky
A Cleveland to Indiana Bloomington & Western, May 1, 1881, l'or*3313
per cent of gross earnings, with guarantee of $80,000 as minimum.
Of the excess over minimum, if any, on 33U{ basis, this company takes
one-tifth and Cincinnati Sandusky A. Cleveland four-tilths.
Capital
Stock, $1,000,000, and bonds, $1,000,000.
Columbti* Sc Western.—Owns from Opelika to Goodwater, Ala.
69 miles,’ and Columbus to Opelika, 29 miles—total 89 miles.
The
Savannah A Memphis RR. was foreclosed June 5, 1880, and this Com¬
pany organized. Extension was in progress from Goodwator to Birming¬
ham, Ala
The bonds are endorsed by Con. RR. of Georgia. 'There are
also $260,000 bonds at 8 p. c. due Oct., 1899, int. A. and O.
Gross
earnings in 1885-86. $173,207; net, $52,127. Gross in 1884-85, $173,.
442; net, $53,987. Stock, $1,750,000. W. G. Raoul, Pres’t, Savannah
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia, Ohio,
55 miles.
Is operated as a division of the Little Miami, and is leased
for 99 years in connection with that road to the Pittsburg Cincinnati &
Bt. Louis, which pays 8 per cent on stock and provides for the bonds.
The lease is guaranteed by the Pennsylvania Railroad Company. The
Columbus A Xenia pays 82s per cent dividend per annum.
Concord.—Owns from Concord, N. II., to Nashua,N. II., 35 miles;
Manchester A North Weare, 19 miles; Hookset Branch,7 miles; leased—
Concord A Portsmouth, 41 miles; Suncook Valley, 20 miles; Nashua
Acton A Boston, 20 miles; Manchester A Keene RR., 30 miles; total
operated,T72 miles. Fiscal year ends March 31. Annual report, in V.
44, p. 652. Income account was as follows:
INCOME ACCOUNT.
Gross earnings
Net earnings
Disbursements—
1883-84.
1884-85.
18S5-86.
$1,142,894
$476,190
$1,100,861
$406,379
$1,071,963
$452,573
$144,593
$113,319
$112,532
37,360
37,755
36,872
143,236
Rentals
Taxes on stock
Improvements and re¬
served for imp’s, Ac.
Dividends, lopercent.
104,091
150,000
152,314
150,000
Total disbursem’ts.
$475,189
$405,165
$1,001
$1,214
$451,718
$855
Surplus
—(V. 43, p. 210; V. 44, p.
65 2.)
150,000
non,
Vt., 50 miles;
branches, 6 miles;
leased
Ashuolot
RR.,
Vernon, Vt., to Keene, N. II., 24 miles; total operated, 80 miles.
South
Fiscal
ends September 30. Net earnings, 1885-86, $270,213; 1884-85,
Pays regular dividends on stock and has no funded debt,
but notes payable, $50 >,000.
(V. 43, p. 517.)
Connecting (Philadelphia).—Owns from Mantua Junction to
Frankford Junction. Pa., 7 miles.
A connecting link in Philadel¬
phia to the West and South.
Operated by Pennsylvania Railroad.
Rental, 6 per cent on capital stock ($1,278,300); and Interest on funded
debt ($991,000). The bonds are issued iu series ABC and D, maturing
respectively in 1900-’!, ’2, ’3 and ’4.
year
$272,222.
Consolidated Railroad of Vermont.—Road
owned—Windsor,
Vt., to Burlington, Vt., 120 miles; Essex Junction to Rouse’s Point. 65;
total, 185 miles. Leased—Addison RR., 16 miles; Montpelier A White
River RR., 6; Montreal A Vt. .Junction RR., 26; Rutland RR., 120;
Stan. S. A Ch. RR., 43 ; Vermont A Mass., 2L ; New London No.,
100
Brat. A Whitehall RR., 36.
Total owned, leased and operated 553
miles. Controls also the Ogdensburg A Lake Champlain RK.
This is the title of tho corporation formed on the reorganization of the
Central Vermont and Vermont A Canada companies in 1883.
On July
1, 1884, the old receivership was finally closed by order of Court and
the transfer made to tho Consol, of Vermont, which leased all its roads
in perpetuity to the Central Vermont RR. Co.
Preferred stock is $750,000, with preference of 6 per cent per annum if earned ; common stock,
$3'i0,00 ). In July, 1885, the Grand Trunk of Canada purchased a con¬
trolling interest in the stock. The Central Vermont, whichoperated all
this mileage in 1885 6, reported earnings as $2,533,938 gross and $795,444 net; rent of leased lines $357,750; interest and taxes, $389,633;
surplus, $48,061. (V. 43, p. 274, 308 ; V. 41, p. 433.)
Corning Cowanemque Sc Antrim.—Owns from Corning, N. Y.,
to Antrim,
Pa., 53 miles; branch, Lawreneeville to Harrison Valley,
Pa., 32; total operated, 85 miles.
Consolidation (.January, 1873)
of the Blossburg A Corning RR. and the Wellsboro RR. June 1, 1874.
the Cowanesque Valley RR. was absorbed. These lines are leased to and
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental paid—6 per cent on bonds, 6 per cent on common stock and 7
per cent on preferred stock; dividends paid quarterly, March 31, Ac.
Stock—common, $1,500,000, and preferred, $500,000. The coal line of
Phila. A Reading and N. Y. Central is over the road of this company,
which jointly guarantees the bonds of the Pine Creek Railroad
Company.
Earnings in 1885-86, $614,688; not, $202,20-?; rental
paid C. C. A A. RR., $150,000; surplus to lessee, $52,208. Earnings in
1884-85, $607,595; not, $179,195; rental paid C. C. A A., $150,903;
surplus to lessee, $29,195. George J. Magee, Crest., Watkins, N. Y.
1886-87.
Covington
Macon.—Line of road, Macon, Ga., to Athens, Ga.
$1,166,817 Eatoutou and Grilliu,
Ga., 102 miles (practically completed by Oct.
$479,475 1887). with other lines
prnjcctel.
Bonds are issued at the rate of
$12,000 p. r mil** and capital stock $12,000 per mile. Douglass Green,
$113,005 10 Wall Street, New York
City, is President.
37,359
Cumberland Sc Pennsylvania.-Owns from Cumberland, Md.,
178,074 to Piedmont, Md., and several branches, 55 miles. It is owned and
150,000 operated by Consolidation Coal Co., which guarantees second mortgage.
Cumberland Valley.—Owns from Harrisburg, Pa., to Potomac
$478,438 River, Md., 82 miles; leased—Martinsburg A Potomac RR., 12 miles;
$1,037 Dillslmrg A Mechauicsburg RR., 8 miles; Southern Pennsylvania RR.,
23 miles; controlled, Mont Alto RR., 18 miles, but accounts kept sep-
X,
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MAP OF THE
Iron<
lluntingtoi’i'
DELAWARE, LACKAWANNA
@ WESTERNER.
AND IT'S CONNECTIONS.
Albanyj^slOUISVil
‘r>;
X
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KAILROAD
September, 1887:]
Subscribers will confer a great favor by
STOCKS
AND
BONDS
giving immediate notice
43
of any error
discovered in these Tables,
•
DESCRIPTION.
For
Miles
Date
of
of
Road. Bonds.
explanation of column headings, Ac., see notes
on first page of tables.
Cumberland <£• Pennsylvania—1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock($484,900is preferred).
1st and 2d mortgages
Southern Pennsylvania,
Danbury
38
38
82
52
24
1st mortgage, gold
Norwalk—Stock
361a
1st and 2d mortgages
33
-----
Consolidated mortgage
General mortgage
3d mortgage:
Consol, mortgage, guar, by C. II.
Toledo Depot 2d mortgage
-
& D
.
Delaware—Stock
Mortgage bonds, convertible, guar. P. W. A B
....
....
155
1885
141
141
142
142
32
....
41
100
85
31
27
Delaware <& Bound Brook—Stock, guaranteed
1st mortgage.
2d mortgage debenture bonds, reg
886
Delaware Lackawanna <£ Western—Stock
Consol, mort., on roads & equipm’t, ($10,000,000)
288
Plain bonds (not mortgage)
44
Del. Maryland dZ Va.—June. A Breakwater—1st M.
June A Breakwater, 2d mortgage
44
Breakwater A Frankford, 1st mortgage, reg —.
19
35
Worcester Ri.ilroad, 1st mortgage, coupon
Denver .£ Bio Urande—Stock ($45,500,000)
1,317
Pref. stock, 5 perct., non-cum. ($28,000,00 ))
1,317
1871
1869
1881
1864
1879
1879
1864
....
1875
-
•
•
.
1875
at*
.
.
.
.
Freight (ton)
Gross
Mileage.
Earnings.
$793,0(3
768,332
30,018,284
27,965,208
25,844,869
50
500Ac.
50
100 Ac.
255,* 11
733,703
196,285
100
150,000
1,000
1,300,000
2,403,171
1,211,250
351,000
2,324.000
50
50
1,000
1,000
53,000
....
1,000
1,000
1,000
225.000
173,000
495.000
25
500 Ac.
1,537,060
650,000
1,742,000
....
1,500,000
242,000
....
50
1,000
100
Where
Payable, and by
Stocks—Last
Dividend.
Whom.
S. N.Y., Consol.Coal Office
M. A N.
do
do
Q.-J. Pliila. and Carlisle. Pa.
A. A O. Pliila., T. A. Biddle A Co.
M. A S.
F. A A New York and Danlmry
J. A J. Housatonio RR,, Bri’pt
J. & J.
do
do
A. & O. N.Y., Bank of Republic.
March 1,1891
May 1. 1888
July, 1887
1904 A 1908
Mar. 1. 1900
Aug. 15, 1887
1890-92
1920
1925
J.
A J. Bost., Tntern’l Trust Co. Jan. 1, 1925
A O. N. Y., Winslow, L. A Co
April 1887
do
do
Q.-J.
July, 1887
A. & O.
do
do
Oct., 1888
J. A J.
do
do
Jan. 1, 1911
M. & S.
do
do
March 1, 1894
J. A D. N.Y., Am.Excb.Nat.Bk. Dec. 1, 1909
J. & D.
After 1910
J. A J. N.Y., Bank of America. Jan. 1, 1905
J. A J.
Dover, Co.’s Office.
July 2, 1887
J. A J. Phil., Fid. I.T.A.S.D. Co. July 1, 1895
Q.-F.
1%
Philadelphia.
F. A A.
Pliila,, Guar.T.A S.D.Co.
M, & N.
Philadelphia,
M.
J.
J.
F.
J.
&
&
&
A
&
A. &
i>lo
Aug. 17, 1887
May, 1905
Mjiv
N. Y., 26 Exchange
S.
do
do
D.
do
do
J.
Philadelphia.
A.
do
J.
do
O.
do
Q.-J.
7
7
4
4
4
4
38,000,000
23,650,0. 0
When
Payable
A.
2
7
5
7
7
6
6 & 7
3
6
2
7
6
400,o00
....
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson
Point, Soutu Norwalk, Conn., 26% miles; branches to Ridgefield and
Hawleyville, together 10 miles; total operated, 36% miles. In July.
1880, a lease of this road was made to the Ilousatonic for 90 years, the
lessee to pay interest and 5 per cent per annum on stock.
In 1-385-80
net earnings were $92,510; in 18-34-5, $80,129.
(V. 43, p. 334.)
1%
250,000
200,000
....
....
8
6 g.
400,000
....
8
2*2
7
6
5
26,200,000
3.074,000
600,000
100
8
8
8
7 g.
400,000
100,000
....
Bond 8—Prlnci-
pal.Wlien Due.
M. &
2*2
625,000
600,000
....
.
6
6
270,500
1879
1877
1872
I860
1879
1873
1876
Rate per
Cent.
$803,500
392,000
1,777,850
1,000
-Div. p.
^-Div.
n. ct.
e.t.—
Net.
Earnings. Pref. Coni.
10
10
$223,044
213,338
9%
9%
699.393
Outstanding
$1,000
controlled and operated, 141 miles. Owns or leases sev¬
roads, in all about 43 miles. The stock is owned in large
part by Penn. RK.Co. Large advances have been made to branch roads.
Operations and earnings on the main line for four years past were:
Miles.
125
125
125
125
Amount
Value
arate; total
eral factory
Years.
1883..
1884 ;
:
Par
....
36^
....
Dayton <£• Union— 1st mortgage, sinking fund
Income mortgage bonds
Dayton <fi Western—1st M., guar. L. M. andC. A X.
....
’70-’72
1880
1883
....
Dayton Ft. Wayne t& Ch.—1 at M.($21,000 p.m.)
Dayton A Iroutou, 1st mortgage, gold
Dayton <£ Michigan—Com. stock (3^ guar.C.H.&D.)
Preferred stock, (8 percent, guar. C. H. A D.)
1866
1868
SIta
INTEREST OR DIVIDENDS.
PI.
1SQ9
1
July 20,1887
Sept. 1, 1907
June, 1892
1*90
1899
1*98
1896
Office, 47 Will. St., N.Y.
July 12,1887
Prices of stock
yearly since 1870 have been: 1871, 102®lll%; 1872,
9la>112is: 1873, 79^® 106; 1874, 993112%; 1875, 106%®123; 1876,
64*2a 120%; 1377, 3078®77; 1878. 41 a617g; 1879, 43394: 1880, 68%
3110%; 1881, 1073131 ; 1882, 116%3150%; 1883.111%®131%; 188 4
86% 3133% in 18o5, 82583129% in 1886, 1153144; in 1887to8-.pt. 16,
incl., 126 3139%.
The following is a synopsis of the company’s income account for
four years from the report in Chronicle, V. 44,
p. 273.
1883.
1884.
1885.
1886.
$
$
$
$
Gross rec’ts. all sources. 32,819,606 31,311,9 )2 31,091,677
32,312,865
Operating expenses
23,093.018 23,003,147 23,2.’0,572- 24,954,433
Betterments
1,072,816
385,033
443,182
164,029
Total expenses....
Net receipts
.
..
24,165,864 23.393,180 23,663,754 2 i,l 18,462
8,653,742
7,918,-512
7,427,923
7,224,403
INCOME ACCOUNT.
Dayton Fort Wayne Sc Chicago, —Road from Dayton.O.,to Iron1883.
1884.
1885.
1886.
155 miles (the former Dayton x. I rout on road), and projected
Net receipts
8,653.742
7,918,813
7,4 ‘7,923
7,224,403
miles from the. mam line to Fort Wayne.
This company was formed in Interest and rentals...
4,946,943
5,113,322
5,187.08 )
5,186,711
June. 1887, by consolidation of the D tyton & Ii onion and the Dayton
A Chicago, arid was to be leased in perpetuity by the Ives party to the
B dance, surplus
3,706,799
2,805,4)0 2,240,834
2,037,692
Cin. Hamilton A Dayton, stock authorized. $15,000,000.
The bonds Dividends
2,036,000
2,b96,000
1,96 ,000
1.834,000
are for $5,500,000 authorized and were to bo guaranteed by Cm. Ham.
Rate of dividends
8
8
7
7%
& Dayton.
F. B. Loomis, President, N. Y. (V. 45, p. 13, 53.)
Dayton Sc Michigan,—Owns from Dayton, O., to Toledo, O., 141 Balance after divid’ds.
1,610,799
700,490
275,83 4
203,692
miles.
Leased May 1, 1863, in perpetuity to the Cincinnati Hamilton A
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Dayton. Least* amended January 23, 1870. The rental is the interest
Assets
1883.
18*4.
1885.
1886.
anti sinking fund of debt, and 8 per cent on preferred stock and 3% per¬
RR. buildings, equip$
•$
$
$
cent on $1,003,300 common. Of the common stock $1,003,300 only is
m’t. coal lauds, Ac..
34,250.418 34.508.0 17 34,496,431
guaranteed 3% by C. H. A D. Profit to lessee in 1883-84, $161,990; Stks&b Is .own’d,cost 33,089,336
6,503.851
5,4 19,713
5,374,918
4,770,654
1884-85, $196,3*7; 1885-6, $215,219. The lessees held $1,399,273 of
Net cash A cur. aco’ts
*117,987
*527,121
*357,562
*897,331
the common stock, but sold this iu June, 1887.
iV. 44, p. 75L.)
Materials, fuel, Ac...
1,265.810
941,372
1.049,712
1,221,174
Dayton Sc Union,—Owns from Dodsoij, Ohio, to Union Cicjk Ind.,
Total
41,007,034 41,276,965 41,181,899 41,3*5,590
32 miles; leased Dayton to Dodson, 15 miles; total operated, 47 miles.
Liabilities—
ton,
.
.
..
..
.
—
The Greenville it Miami RR. was sold out Oct. 30, 1862. inti re-organ¬
ized as now Jan. 19, 1863. Operated by trustees since December 23,
1871.
< apital stock, $86,300.
In 18*5-6gross earnings were $165,-
975; net, t(> \ 4.0. In 1884-5 gross earnings, $135,140 ; not, *45,094.
Dayton Sc Western.—Owns from Dayton, O., to State Line, Ind.,
37 miles.
Leased m perpetuity from Jan. L, 1865, to Little Miami,
and carried with that road in the general lease to the P. C. it St. L. The
lessees are virtual owners and aro’answerable for all obligations.
Delaware.—Owns from Delaware Junction (P. W. it B.), Del., to
Delmar (M4. Lino), 84 miles; brandies, 16 miles; total operated, 100
miles. The Dorchester it Delaware and Queen Anne it K. railroads
now opeiated by P. W. it B. RR.
The Delaware Railroad was opened
1855-60, and is leased for 21 years from 1876 to the P. W. it B.
Co.; rental 3b p*r cent of gross earnings, but stock must have 6 per
Gross earning* 1885-86, $671.78,8 ; net. $-‘01,512; interest and
cent.
dividends. $130,73 4; surplus, $70, >17; 1884-85, gross, $->44,117; net,
$193,225; inttiest an l dividends, $130,731; surplus, $62,501.
Delaware Sc Bound Brook.—Owns from Bound Brook (Cent
of New Jersey) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated* 31 miles. In connection with Central
of New Jersey and North Pennsylvania forms a line between New
fork and Philadelphia.
Hi May, 1879, the property was leased for
990 years to the Philadelphia it Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
in 1885, $689,432; net, $381,916.
In 1886, gross, $736.1 10; net. $397,329; rental $257,880; net profit to lessee, $139,949. (V. 44, p. 211.)
Delaware Lackawanna A: Western.—(Sec Map). —This
comp my
operates under lease an extended system of roads in New York, Penn¬
sylvania and New Jersey. Owns from Delaware River(N. J. line) to New
York State line, 115 miles; branches—Scranton to
Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyset- Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack, it
Western RR., 214 miles; Cayuga it Susquehanna
RR., 31 miles;
Greene RR. 8 miles; Oswego it Syracuse Railroad, 35 miles; Utica
Chenango it Susquehanna Valley RR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton it New York, 81
miles;
leased Lines m New Jersey—Chester RR., 10 miles; Morris & Essex, 118
miles; Newark it Bloomfield, 4 miles; Warren RR., 18 miles; Sussex,30
miles; Passaic it Del., 14; total operated, 886 miles; the Rome A Clin.,
13 miles, and Utica Clin. & Bing., 31 miles, were surrendered
April, 1883.
In 1882 the important connection to Buffalo, the N. Y. Lack, it West,
was opened, and the road was leased
by this company. The Lackawanna
& Bloomsburg was consolidated with this company Juue
19, 1873.
Tlic Delaware Lackawanna A Western Railroad
publishes no annual
report in pamphlet form but merely a circular showing income
account and balance sheet.
The road was operated mainly as a coal
carrier and distributer till 1882, when the line from Binghamton to
Buffalo was built ami leased to the Delaware Lackawanna it
Western,
and the company entered the field as a
competitor of the trunk linos
between New York and Buffalo.
The Delaware Lackawanna it Westei n
formerly paid 10 per oeiit on its
stock, but its numerous railroad leases became onerous, and in the dull
times. 1876 to 1880, no dividends were
paid: iu 1880 3 percent was
paid; in 1881. 6%; in 1882,1883, and 1884, 8; in 1885,7%; in 1386, 7.
Stock
Fun led debt
Balances
26,200,0)0
Surplus account
10.322.574
Total liabilities
41,00 7,034
*
4,0 44,900
26.200,000 26,200.000
4,0 44,900
3,074,000
26.200,000
3,674,000
11,032.065 11,307.890
41,276,965 41,181,899
41,385,590
439,560
11,511,590
Net balance between liabilities and assets.
-(V. 43, p. 580; V. 44, p. 149, 212, 273; V. 45, p. 212.)
Deia%var*e Maryland
Virginia.— Consolidation June 1, 1883,
of the Junction it Breakwater, the Breakwater it Frankford ami the
Worcester railroads.
Road extends from
Harrington to Rchobotli. Del.,
44 miles; Georgetown to Franklin City, Va., 54 miles; total. 9 3 miles.
In July. 1385, the company passed into control of the Pliila. Wil. &
Balt. RR and became pa'-t of the Penna. RR. system.
Ear dugs for
1385-86, $149,357; net, $27,317; fixe l charges, $50,<K»0 ; def. $77,317.
Denver Sc lilo Grande (3 feel,).—(See Map) -O vns from Denver
City, Colorado, via Pueblo, Salida, Guunison, M mtroso and Grand
Junction, to the western b mud ary of Colorado, where it conn Hits
with the Denver it Rio Grande Western, to Salt Lake City and Ogden,
making the distance from Denver to Ogdon 77 1 miles, and from Pueblo
to ogdbn 651 miles. Brincli *s run to L *a lville, Dillon, Red Cliff, Crested
Butte. Silver Clitf, Chaffee and Hot Springs; also from Pueblo to Silverton,
via Cuehara, Alamosa and Durango, with branches to El Moro.Espanda,
Del Norte and Wagon Win*,el G tp; tot. operated Do *., 31,’3 >. 1,31 7 miles.
The former D. <t R. G. Railway/ was foreclosed under the «*ld consoli¬
dated mot tgage, July 12, 18■>(>, and sold for $L5,000,00().
Reorganiza¬
tion was made under the title of Denver it Rio Grande Railroad Co.
Of the $42,000,"00 4 percent consoli fated gold bonds authorized
$6,382,500 were reserved to retire the old bonds when due; $6, mo,000
retained for acquiring
the Derive" A Rio Grande, Western or
to ex'end the
Denver A Rio Grande to Ogden; and $6,1 42,500
held in the treasury, which can he issued for future capital requirements
or the construction of branch ^s, b it only with the consent of
pref. stock¬
Of the $45,500,000 common stock, $7,500,00 > to he held to
holders.
acquire the Den. & Rio Gr. West., or to build the line to Ogden, and $4,350.000 of pref. sroek reserved for i In*, same purpose. The rolling stock
is owned by the conpanv; and after reorganization Mm total annual
charge for intereston bonds was $1,34'),775. The preferred stockholders
have the right till 1891 to elect two thirds of the dir.-ct >rs, u dess divi¬
dends are paid oil" of net earnings for tw > full years o i t ic preferred,
stock, after which the directors shad bo chosen by all the stockh ffders.
From Jar. 1 to July 31. 1387 (seven months), gross earnings were
$4,233,908, against $3,490,024 in 1886; net, $1,697,976, against
$1,175,184,
Earnings, expenses, Ac., for four years were as follows,
or expenses of the Utah leased lines being included iu 188 4
1833.
Miles oper. Dec. 31.
..
Total gross earnings..
Operating expenses ..
Net earnings
Other receipts
Total income
1834.
1835.
1835 :
1886.
1,317
1,679
1,317
1,317
$
$
7,361,546
4.7 43.111
5,552,103
3,758.530
$
6,119,05 4
3,935,273
2,t>i «,*,*•>
1,793,573
34,401
2,183,731
67,227
1,827,974
2,251,007
114,531
2,732,966
no earnings
or
$
6,738,077
4.227,417
2,510,66#
46,740
2,557,400
SUPPLEMENT.
mVESTOKS’
44
[VOL. XLV.
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RAILROAD
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September, 1887. J
RAILROAD
STOCKS
AND
RONDS.
45
Subscribers will confer a great favor bf
giving Immediate notice of any error discovered In tbese Tables.
Date
of
Road. Bonds
Miles
of
explanation of column headings, Ac., see notes
on first page of tables.
295
Denv. dc R. G.-(ConVd)—1st mort., gold, sink, f’d
1,317
Consol, mortgage, gold (for $42,000.000)
370
Deuv.dk R.Gr. Went— 1st, g. ($10,000 p.m.),cp.or reg.
Coupon certificates (see V. 41, p. 273)
Denver South Park dk Pac.— 1st M. gold, sinking fd.
CouroI. mort. gold ($17,000 per mile)
Denver Texan & Fort Worth—Stock (lor $30,000,000)
Denver Texas <& Gulf— 1st mortg tge
Des Moines dk Ft. Dodge—1st mort., coup., guar
1st mortgage, income, guaranteed by C. R. I. & P.
•
Mortgage on extension, guaranteed by C. R. I. A P.
Des Moines Osceola dk Southern—1st M.($6,000 p.m.)
Detroit Ray City dk AI/j.—IstM., g. ($15,000 p. m.)..
Detroit Grand Haven dk Milwaukee—Stock
let equipment mortgage, guar
Consolidated mortgage, guar
Preferred stock
let mortgage
Ionia & Lansing, 1st mort., coup., may
be reg—
gold ($12,000’ per mile)
Duluth dk Winnipeg— 1st mortgage, gold, laud grant
2d mortgage, income
1st mortgage,
Ren’lof D.R.G.W. RR.
Taxes and miscellau’s
$
2,030,813
317,752
246,234
Total disbursements..
Balance, surplus
2,600,799
132,167
...
150
i*37
138
88
88
56
111
170
189
189
189
268
268
222
Saginaw A West.mort., guar ($15,000 per mile)..
1st mort Gr. R. L. al D., guar. ($20,0u0 per mile)
Dubuque dk Sioux City—Stock
1st mortgage, 2d division
,
Notes to retire 1st mortg. (redeem at pleasure)..'
Duluth & Iron Range— 1st mortgage
Duluth South Shore dk Atlantic - Stock
Stock, pref., 6 i>er cent
59
32
53
143
43
97
....
•
•
•
1,000*
1,000
....
1,000
50
200 Ac.
.
1877
1869
1883
1887
.
•
•
•
1864
18*8
1$83
100
100
500 Ac.
1,000
572,364
1,500.000
2,000,000
3,200,000
1,350,000
1,825,600
2,510,000
770.000
4,999,950
586,000
295,900
1,750,090
....
1,000
12,000,000
10,000,000
4,000,000
1,000
18,000 p.m.
When
1886.
$
Where
A.
J.
J.
J.
J.
J.
2^2
4
7
6 g*
2
6
6
2
3
A
A
A
A
A
A
N. Y. Co.’s Agency.
O.
J. N. Y., Morton, B. ACo.
do
do
J.
do
do
J.
J.
Last paid Jan. 1885.
J. N. Y., Farm. L.A Tr. Co
....
I *520,928
1,198,625
1,358,775
gauge).—The mort¬
-
Stocks—Last
Dividend.
1, 1900
i; 1936
Sept. 1, 1911
Nov.
Jan.
At will.
May 1, 1905
Jan. 1, 1921
April 1937.
Jan. 1, 1905
June 1, 1905
June 1, 1905
1896
1913
Dec. 31, 1884
Nov. 14, 1918
New York A London.
O.
Nov. 15, 1913
do
do
O.
J. N. Y., Farm. L. A Tr. Co July 5, 1887
Feb. 15, 1887
Boston.
A.
do
A.
Aug. 15, 1887
3^
Jan. 1, 1907
J. Boston, 2d Nat. Bank.
7
do
do
J.
J.
8
July 1, 1889
do
do
J. A J.
6
July 1, 1913
1927
5
1 1-10 A. A O. N. Y., John Paton A Co. Sent, 2, 1887
do
do
7
J. A J.
July, 1894
1838
5
M. A N.
6
May 1, 1903
Philadelphia.
A.
A.
J.
F.
F.
J.
A
A
A
A
A
A
A
....
....
5 g.
6 g*
New York, Agency.
J. A J.
M. A N. N. Y., Central Trust Co.
Jau.
1, 1937
May 1, 1911
....
I bonds, $(5,000 per mile. The road
j 1887. (V. 44, p. 10, 308.)
^
Payable, aud by
Whom.
Payable
7.000 p.m.
Detroit Bay City Sc
Cent. RR., to Alpena. 105
w is
sold in toreclosure March 1,
Alpena—(See Map).—From Alger, on Mich*
miles; Loon Lake Branch, 18 m,: Mud Lake
other branches 27 miles; total road 17o miles. Has a
trallic contract from Mich. Central. The mileage operated in 1886 was
Branch, 20
m.;
83 miles; the gross earnings were $2 42,061; net, $120,420. Stock author¬
ized is $2,000,000, issued $1,670,000. The mort covers roa l aud equip’t
at $17,000 per mile.
From Jan. 1 to July 31 (7 mos.) in 1887 gross
earnings were $270,059, against $118,212 in 1886; net, $129,450,
against $02,560. (V. 43, p. 572; V. 41, p. 308,335, 343,553, 621; V. 45,
p. 85.)
Detroit Grand Haven Sc Milwaukee.—Owns from Detroit,
a reorganization of
in foreclosure Sept., 1878.
Mich., to Grand Haven, Mich., 189 miles. This is
miles; Bingham Junc¬ the
Detroit
sold
the 1). & R. G.
The gross earnings for year 1886 ware $!,'•57,093; net, $361,099.
Rental for rolling stock since July, 1886, has been out of the expenses.
PYom Jan.1, to July 31 iu 1887 (7 mos.) gross earnings were $582,582,
against $553,281 in 1886; net, $140,537, against
73, 24 4, 63 4, 636: V. 44, p. 59, 60, 91, 211. 466.)
$163,866.
(V. 43, p.
Denver South Park Sc Pacific (3 ft.)—(See Map of Union
Pacific).—Denver,Col., to Nathrop, 13 7 miles; Nathrop to Gunnison, 65
miles: Gunnison to .Mount Carbon, 17 miles; Gains tj London Junction,
15 miles; Como to Keystone, 35 miles; Bear Creek Junction to Morrison,
10 miles; Dickey to Leadville, 3 4 miles; Como to Mines. 4 miles;
Bcliwanders to Buena Vista, 4 miles; total, 322 miles. Stock owned by
Union Pacific is $6,135,100 out of $ 5,235,400, an 1 consoi. mort. bonds
$2,797,090. The U. P. operates the road, but has made m> guaranty of the
stock or bonds; on May l, ’87, the inter, st was defaulted, but paid in Ju y.
In 1886 grossearn’s, $1,246,538 : del', on operations, $46,304; def. under
interest, &<*., $347,8u4. In 1 h85 gross cam’s. $1,145.4 >4: def $1(5,12 »;
def. under interest, tfec., $320,869. (V. 14, p. 586, 627, 657; V. 45, p. 25.)
.
Denver Texas Sc Port Worth.—(See Map of Ft. TV. <£• Pen C.)—
Incorporated i«i 1887 to build rom Pueblo, Col., to a connect ion with the
Fort. Worth & 1’Oliver, 150 mi es.
A third rail is being laid over the
Denv. A R. G. from Pueblo to Trinidad. Capital stock $30,000,000.
See Chuonicle of April 1(5, 1887, V. 14, p. 499.
of Ft. If. dk Pen. C.—Denver to
Pueblo, 124 miles, and
51 miles branches. Built by a construction
company.
In 1883 the construction co. became embarrased and $•_',286,000 bonds and $2,540,000 stock pledged were sold by the Mercan¬
tile Trust Co. on Sept. 20 On Unroll. 18, 1886. Den. & N. O. road was
sold and this company organized. The company owns extensive ter¬
minal grounds in Denver an l coal lands at Francevi l■•. which are cov¬
ered by the, first mortgage. Ttie company has entered into a contract
now
for consolidation with The l)env« r Texas A Fort Worth KR. Co
constructing, ai.d with the Fort Worth Sc Denver city KR Co., now ex¬
tending uo< tli, which will form a completed through line from Denver
to Fort Worth, about 800 miles.
The stock issued is in hands of a trus¬
tee, to be held till the road is built to the Ft. W. A D. C. RR. Jim.
Denver Texas Sc Gulf.—( See Map
,
Denver.
Fort Dodge.—Owns from Des Moines to Fort
Dodge. Iowa, 87 miles, with an extension 56 miles to Ruthven, con
neeting with Chicago Mil. A St. Paul. First 87 miles originally a div¬
ision of the Des Moines Valley RR.. built in 1870 and sold ou
in
1873.
Common stock. $4.283,100; preferred, $763,501).
Iu November, 1836, an agreement was made lor lease to the Chicago
Rock Island & Pacific, for 19 years at a rental of 550 pi r edit of tin* gross
earnings, with a guarantee ot 4 percent, interest on the 1st mortg. and
Des Moines Sc
extension bonds, and 2*2 pi r cent per annum on the incomes, and road
was delivered June 2, 1887.
In 188(5. gross earnings were $339.(510, net, $87,395; surplus over
int.,Ac., $15 870. In 1885, gross cam’s were $382,420: not, $i 20.120.
Charles E. Whitehead, Pres., 61 Wall St. (V. 43, p. 579,73s; V. 44, p.
117, 308, 494, 681, 751, 808 )
Des Moines Osceola Sc Southern. -Projected from Des Moines
la.. to Kansas City, Mo., 300 milea,of which 111 miles, Dos Moines to
Cainsville, Mo., is built. In Aug., ’84, consolidated with Wis. la. Sc Neb.
RR. In April, 1885, a receiver was appointed. Stock issued, $500,000;
5 g.
4
100
500 Ac.
P. V. Junction to coal mines 19 miles; other
370 miles. The stock issued on 469 miles is
$7,500,000. About $1,000,000 bonds have been issued on road only par¬
In August, 1$H4, W. If. Bancroft was appointed
tially completed.
receiver of the D. & R. G. W., but discharged in July, 1886.
Bondholders have generally accepted the proposal of August, 1885,
viz., that the coupons from Sept. 1,1886, to Sept. 1, 1888, inclusive,
shall be paid one half in cash and the coupon of March, 1889, threefourths cash, lull interest being resum d with Sept., 1889. Scrip bearing
5 per cent is given for the coupons to Sept.. 1885, and for the portion
unpaid of those up to Sept.. 1*89, this scrip may be redeemed at com¬
pany’s option by payment in full, and no dividend on stock can be paid
till it is redeemed. The full interest ou bonds is $414,000, but under
the plan it was to bs $205,689 in 1886, $253,57 > in 1887, $263,925 in
1888, $428,283 in 1889, and afterwards $414,000 ou the bonds, and 5
per cent on the funding certificates amounting to $67,275 per year,
If all the certificates are then outstanding.
In April. 1886, an agreement was made to work harmoniously with
Pres’t.
3.000.000
1,200,000
1,200,000
672,000
879,000
2,300,000
566,000
1,160,000
V. 44, p. 21, 59, 117, 211,
Ut., 312 miles, Bingham Junction to Alta, 18
6 g.
2,487,000
•
1,678,643
2,925,000
1,000
1,000
1*87
1881
225,213
tion to Bingham, 18 uiil« s;
coal mim s, 3 miles—total,
,
....
....
'
1,800,000
(?)
1,000
gage covered lines in Utah Territory of about 469 miles in all, of which
there were completed to Jan., ’87, 312*mil<*s, Colorado State Line to Ogden,
Evans,
Boiuls—Prinei
pal,When Due.
M. A N. N. Y. Office, 47 Win. st.
do
do
J. A J.
|M, A S. N. Y., 4th Na‘ional Bk.
M. A S.
do
do
M. A N. N. Y., London A Frankf’t
J. A J.
N. Y., Co.’s Agency.
7 g.
4 g.
6 g.
5
7
300
1,000
1,000
1,000
Rate per
Cent.
$6,382,500
22,575,000
6,900,000
1,000
( 677.697
Denver Sc Rio Grande Western (narrow
Outstanding
$500&c.
1878
1878
572,364
—(V. 43, p. 49, 73, 131, 487, 547, 608, 745;
244, 4u6, 586, 652, 653, 808.)
Amount
Par
Value.
1,00)
1,000
$
$
Size, or
1887
1874
1874
1881
1880
1883
1885.
1884.
18S3.
1870
1886
1881
1885
1876
1880
65
Detroit Hillsdale dk S. 17.—Stock
Detroit Lansing dk North.—Stock, common
Disbursements—
Interest on debt
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
46
Sc Milwaukee which
was
The bonds were guaranteed by the Great Western of Canada.
Jan. 1 to May 31, 'Is 87 (5 mo-.), gross o timings were £95,567 iu
From,
1887,
against £95.418 in 1886: net, £ 17,370.against £21,227. Grass earn¬
ings in 1886, $1,241,033; net, $372,773. In 1885, gross, $1,154,640 ;
net, $314,860.
Detroit Hillsdale Sc South western,—Owns from Ypsilanti,
Mich., to Bankers, Mich., 455 miles. The Det. H. Sc Ind. road was sold
in foreclosure Dec. 28, 1874, aud this company organized by the bond¬
holders.
In Aug., 1881, leased in perpetuity to the Lake Shore & Mich,
Southern Co.; the rental is $54,000 per year -4 p. ct.
(V. 43, p. 399.)
Detroit Lansing Sc Northern.—Owns from
Grand Trunk
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton Juno,
Rapids, Mich., 63 miles; lidding Branch, lhj miles; leased, Graud
June, to Detroit, 3 miles; Lansing to No.
Lansing, 1 mile;
Howard City, 43 miles; total operated,*268 miles.
A con¬
solidation, April 11, 1871, of the Detroit Howell Sc Lansing, the Ionia
to Big
Trunk
Alma to
Sc Lunsimr and the Ionia Stanton Sc Northern railroads, under the name
of Detroit
was
I)cc. 14,1876, ami new stock issued as above.
In July, 1883, leased
Lansing Sc Lake Michigan RR., which
sold in foreclosure
the Saginaw A Western and endorsed the bonds.
Iu June. 1887, stockholders had the privilege of subscribing at 95 for
new
bonds of ill - Grad Rip. Li sing & Det. RR., o7 miles, Grand
Ledge to (Band Rap ds. (See Vol. It, p. 713.)
(in ss« am’* in 1885, $1,228,470; not. $457,19 ■»; int, $367,019; div’ds,
-
$175,700; surp , $14, tsO. Gross earn’* in 1886. $1,’>26,536: net, $498,717; nit., $265,98.); div’ds;$230, 4 >5; silt’., #2,267. (V. 41, p. 585. 71 3.)
Dubuque cV Sioux
City—(Nee Map of Illinois Central).—O hub
from Dubuque, Iowa, to Iowa Falls, 143 miles.
The former Dubuque Si
Pacific was foreclosed in i860, and present company organized.
Leased
to Illinois Central (ill Oct
1, 1887, and in Apr.l, 1887, the stock was
sold 'o Him > s Central, and the surplus in hand divided to stockholders.-'
In May, ’s7, ;> p. e. in stock of Iowa Land Sc L >.m Go. was paid to storkholders. SoeV.il, p.
1. (V’.4i, p. 766; V. 4 1, p. 2 l, 2.35, 36 :, 433. 627.)
Duluth A: Iron
and branch, 9 7 miles
Range.—Road fr »m Duluth to Vermilion Lake,
Sold Lo a syndicate in I’hila., I8s7. (V. 4 4, p 653.)
Duluth South Shore Sc Atlantic—(Nee Map). -This company
purcuased at judicial sale October 20. 1 *<3(3. the D troit Ma kinae &
Marquette Rai'.road and property running from St. Ignace ou the, Siraits
ot .Mackinac to Marquette, Midi
1 V2 mile^. lor $1,010,oo , and assumed
obligations on such purchase which made the wiiol-* cost t»tin* D. S. S.
A A Co 11panv $3.o4o,0 •(>.
Too D. S. S.Sc A. Conipuiiv in December,
1886. bought substantially all the pref. and com. stocks of Hie M irquette
Houghton Sc Ontoii. RR. Co., operating K50 miles of railro.ul, and on
Feb. 15, 1887, the railroad and property of the M. If. A? O Go. was leased
m perpetuity to the D. 8. S.
A. R’way.Co. Forty-eight miles of now
road have been constructed from a p nut near llcunlr.e on the old I). M.
,v M. east’o Sault Hie M .rie,* where conucciion is made by bridge now
(Aug. l, ’8 ,) nearly completed with the Canadian Pa. itic, and with the
Gram! Trunk win n it reaches the Saiilt. Tue I) S. 8. A A. lin - is under
i (instruction from a point near Three Lakes on the M. If. A O. RR. west¬
ward through the Gogcoic Iron legion, to a junction with the Northern
Pacific 32 miles ca t of Duluth, Minn., about 189 miles, making a
through .ine Jrom tin* Straits oi Mackinac to Dul tli, of about 400 miles
in le gill, and from i he Saulr to Duluth of about the same length.
The
securities on the. new road art* $4,(>t.K»,000 ofdir>t mort., five per cent,
fifty-year gold la n Is. to in* issued at the rate of $12,900 per mi'e (see
.abstract of mortgage, V. 45. p. 274y; $ 2.0 0, 09 of com. stock and
$lo,o 9,001) of pivr. 6 p. e. uon-cum stock.
The i>. M. Sc M. security holders outherco-gauization received I). S. 8.
Sc A...securities as follows: Each hold* r of$i,oc()of i >. M. Sc M. 1.-0 mort.
bonds r« ceived
p. c. thereof in tlie D. S.S. Sc A. 5 p. c. b uuN a id par
in D. S. S. A- A. pref stock.
Each ladder of $1,000 of D. *f. A M. income
bonds received par thereof in D. S. S. A A. pref. stock
Each holder of
1). M. A M. stock r* reived (50 p. c. of hi 8 holdings in f>. S.
Sc A. com.
Provision was made for tlie distribution of an amount of D.
sto- k.
S. S. Sc A com. stock equal t.» 35 per cent of tlicir par value. Jas.
McMillan, Detroit. President; G. S. Brice. New York, Vice-President.
—(V. 43, p, 274,479, 515, 634; V. 4 4, p. 275, 713, 751: V. 45, p 142, 274.)
,
Duluth A: Winulpeg.—Projected from
Duluth to Manitoba
boundary line, 280 miles. The land grant amounts to 1,800.000 acres,
which is subject to the hrst mortgage. The stock is $5,000,000. Win.
W.
Spalding, President, Duluth.
Vermillion L
*
DULUTH, SOUTH SHORE
AND
If—'
*
ATLANTIC RAILWAY
<VSt- L^\ls R
AND
MARQUETTE, HOUGHTON & ONTONAGON
—
BONDS.
RSAATILONCKDD
S1ep8tm7be.rJ,
Leased in
perpetuity—
R. R.
'
s4t""
INYESTOKS’
48
Subscribers will confer a great
-
Dunkirk AUegh. Valley <£ Pittsburg—1st mort., geld
2d mortgage
,
3d mortgage
East Broad Top.—1st mortgage, registered
East Pennsylvania—Stock
1st mortgage
East Tennessee Virginia <£ Georgia—Common stock.
1st preferred stock (5 per ct. non cum.)
2d preferred stock (5 per ct. non cum.)
Consol, mort., gold (for $20,000,000) coup, or reg.
Consol, mort., “Divisional” bonds
Old 1st mortgage sinkinsr fund bonds
1st exten. mort. gold, ($20,Ot 0 per mile)
Alabama Central, 1st mortgage, gold, coupon....
Knoxville A Ohio, 1st mort., gold
East d West Ala. -1st cons. M., gold ($15,000 p. m.).
Eastern (3fass.)—Stock
Preferred stock, 6 per cent
Essex RR.lst mort. (extended for 5 years in ’86).
Certificates of indebtedness, $ A £
Debenture bonds
Eastern (N. II.)—Stock
Eel Hirer—Stock
Elizabeth. Lex.d Big Sandy— 1st mortg., gold
Elmira Cortland & Northern—1st pref. mort
1st mort
1
Elmira d: Lake Ontario—Stock
Sod us Ba.\ & Southern 1st mortgages gold
Elmira <£ Williamsport—Stock, common..
,
Preferred stock
1st mortgage bonds
Income bonds, 999 years to run
Eric d: Pittsburg—Stock
90
90
90
30
36
36
1870
1870
1870
1873
....
1858
1,429
1,429
1,123
1,123
552
242
95
20
112
285
•
•
•
»
....
....
16
94
110
.
120
120
98
31
77
77
77
100
1886
1880
•
1.000
....
....
1872
1884
1884
....
1881
m
m
m
m
•
•mm
1860
1863
....
100
100
100 Ac.
500 Ac.
1,000
....
5 g.
5
7
5 g.
6
6 g.
6 g.
1
3
4*2
6 g.
4 Lj
700,090
492,500
2,792,800
3.282,000
750,000
100
214
1
6 g.
6
1,250,000
1,500,000
3, 4, 5
5 g.
50
50
500,000
500,000
500,000
1,000
1,000,000
500
570,000
....
100
1,000
but the N. Y Central A Hudson River Co. hold $2,920,000 of the securi¬
ties. Gross earnings in 1885-86. $227,494; deficit under operating
expenses. $8,847.
Gross In 1884-5, $216,796 ; deficit, $6,769.
Top (Pa.)—Owns from Mount Union, Pa., to Roberts
A coal road, opened in 1874. The stock is $815,602,
In 1884-85 gross earnings wore $89,070; net, $1G,003.
I11 L885-86,
gross. $96,066; net, $7,223.
East Pennsylvania.—Owns from Reading,Pa., to Allentown, Pa.,
36 miles. It is leased for 999 years from May 1, 1869, to the Philadel¬
phia A Reading RR., at a rental of. 6 per cent per annum on the stock
and interest on the bonds.
Austin Corbin, President, Philadelphia.
Pant Tennessee Virginia Sc Georgia, —fSee Map Rich, d Danv.)
—The East Tenn. Va. A Ga. Railroad was formed by a consolidation
July 20, 1881, and owns the following: Bristol to Chattanooga, Tenn., 242
miles: Morristown to Unaka, 44 m.; Cleveland to Selma, 264 m.; Selma to
Meridian, 113 m.: Ooltewah to Coliutta, 11 111.: Rome, Ga., to Macon. 159
m.; Macon to Brunswick, 190 m.; Cochran to Hawkinsville, 10 m.; total,
1.033 miles-, A bo operates the Knoxville A Ohio road, 66 miles, the lines
of the Memphis A Charlest’n RR., from Chattanooga to Memphis, Tenn.,
31<» 111., and the Florence and Somerville branches, 20 miles, in all330
miles, making a total of 1,429 miles.
A lease of the Mem. A Char. RR. was an operating lease simply, and
various differences were settled by the acquisition of a majority of the
capital stock of the Mem. A C. Co. by parties coutrollingthe E. T.Va.AGa.
The E.T.Va.A Ga. holds a majority of the. K. AO. stock.
This tompany, the E. T. Va. AGa. Railway Co., was formed in 1886 as
Bucccssor of the E. T. Va. A Ga. Railroad, which was sold in foreclosure
May 25, 1*86. The first pref< rr. d stock is entitled to a non-cumula ive
dividend of 5 percent, and has “the riglu for five years (till 1891) to
elect a majority of the Board of Directors of said company, unless be
fore that time the said company should payout of its net earnings *5
East Broad
dale, Pa., 30 miles.
for two full successive years ”
sale was made of $6, >00,000 of the first pivf.
Btock to the Ri< hmond A West Point Terminal Company th is givi ig
them control of the road for live years unless divi lends of 5 per cent
are paid on pref. stock for two years.
(See V. 44, p. 119.)
The extension mortgage of 1887 for $15,090,000 is a “continuing”
mortgage to be issued as needed for new acquisitions, at $20,00 > per
a
pal, When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Payable
A D. N.Y., N.Y. Cent, A Hud.
June, 1890
do
do
Oct. 1, 1890
Oct. 1. 1890
do
do
A. A O.
J. A J. Philadelp’a, Co.’s Office. July 1, 1903
J. A J. Phila., by P. A R. RR.
July 19, 1887
Mar. 1, 1888
M. A S.
Pliila., P. A R. office.
J.
A. A O.
Office, 10 Wall Street.
Aug. 1,1887
.
*
M. A N. N. Y., Central Trust Co. Nov. 1, 1956
do
do
J. A J.
July 1, 1930
do
do
J. A J.
July 1, 1900
do
June 1, 1937
do
J. A D.
J. A J. X. Y., Central Trust Co. July 1. 1918
do
do
J. A J.
July I, 1925
Dec, 1. 1926
New Y'ork Office.
J. A D.
Boston.
J. A J.
Sept. 2. 1887
do
M. A 8.
Sept. 1, 1887
do
M. A S.
Sept. 15,1891
London.
M. A S.
Boston and
Sept., 1906
M. A S.
Boston, Office.
Sept. 1, 1906
June 15,1887
J. A D. Boston, by Treasurer.
Boston, by Treasurer.
Aug. 15, 1884
Q.-M.
Mar. 1, 1902
N. Y.. Mills Building.
M. A S.
A. A O. 1L5 B’way, New York.
April 1, 1914
do
do
J. A J.
April 1, 1914
Baltimore,N. Cent. RR.
2k,
3 kl
6
5
1%
1.998,400
50.
Where
?•
194.400
100
When
4
10,090,000
....
Valley A Pittsburg. -Owns from Dun
A consolidation of the Dunkirk
Warren & Pittsburg and Warren & Venango in 187 2.
Is leased to N. Y.
Central A Hudson River Co., but. accounts are kept separate. Capital,
$1,390,00* >. There is usually an annual deficit below the interest charge,
Bonds—Princi¬
*
1,000,000
1,000,000
2,000,000
1,709,000
4,997,600
3,150,000
1,000
1,000
Dunkirk Allegheny
January, 1887,
3
7
1,000
kirk, X. V., to Oil City, Pa., 107 miles.
In
4
1,714,950
495,900
27,500,000
11,000,000
18,500,000
12,770,000
3.106,000
3,123,000
1,000
1,000
1,000
m
500,000
1,000,000
•
1870
.
200,000
7 g.
7
7
2,000,000
50
100 Ac.
100
100
-
Rate per
Cent.
Outstanding
1,000
1,000
1887
1879
1 885
1886
1886
1851
1876
1867
Amount
1,000
1,000
•
these Tables.
INTEREST OR DIVIDENDS.
Size or
Miles Date
of
Par
of
Road. Bonds Value.
Ac.,see notes
percent dividends on such preferred stock
[Yol. xlv,
favor by giving immediate notice of any error discovered in
DESCRIPTION.
For explanation of column headings,
on first page of tables.
SUPPLEMENT,
J.
AI.
J.
J.
A.
A ,T
A N.
A J.
A J.
A O.
Q.—M.
N. Y. Pa. RR.
Agency.
do
do
do
do
N.
1924
May 1, 1887
July 1, 1887
Jan. 1, 1910
July 1,
Phila., Penn. R. R. Co.
do
do
Y., Union Trust Co.
Oet.
1. 2862
Sept. 10.1887
fund; to B. A M., $70,000; to Eastern, $336,0 )0; balance to
by lessee on both properties pro-rata. Mortgage notes are
secured by real estate. .
In Nov., Is86, the companyToffered to issue
in exchange for $3,150,000 of certificates of
be spent
$684,300,
preferred 6 per cent stock
indebtedness, at pa’’, thus
reducing those certificates to $lo,000,009, to enable the company to
resume, dividends 011 the c minion stock, according to the agreement
under which the eer;ideates wore issued.
The annual report for the.year ending Sept. 30, 1886, gave the
following result of operation with Boston A Maine. Surplus income
divided, in accordance with the terms of the lease, as follows:
To Bos. A M.
Boston A Maine Railroad (9p. e.)
Eastern Railroad
Boston A Maine Railroad (1 p. c.)
Eastern Railroad, balance
$630,000
:...
70,000
$700,000
Total
To Eastern.
$
100,000
.321.340
$121,340
-(V. 43, p. 579, 63 4, 671; V. 44, p. 149, 184, 275; V. 45,p.l3.)
Eastern (!V. H.)—Owns from Portsmouth, N. II., to Seabrook
(Massachusetts State Line), 16 miles, ft was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oet. 1, 1878, for 60 years and two months at $22,500 per year, equal to
41q per cent per annum.
Moody Currier, President, Manchester, N. H.
Eel Itlver.—Owns from Logansport., Iud., to Butler, Ind., 94
miles. This was formerly the Detroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10,1877.
In August, 1879, it was leased to the Wabash St.
Louis A Pacific Railroad for 99 years, and is now operated by
A Western temporarily.
Elizabethtown Lexington Sc Big Sandy.—[See Map of New¬
Wabash
Aeics d. Mississippi
port
Valley)—Road owned January, 1887, Lex-
ington to Junction, with A. C. A I. Co., near Denton, 102 miles;
A. C. A I. Junction to Big Sandy River, 7 miles; total owned 110 miles.
Leased Junction with A. 0. A LCo.. near Denton to A.C. AI. Juno., 21 m.
West Side Big Sandy River to Huntington, 9 miles; total operated, 139
miles. Charter permits extension to Elizabethtown.
It is the connect¬
ing line of the Chesapeake A Ohio and controlled by the same parties.
From Feb. 1, 1886. this road was leased for 250 years to the. Newport
News A Miss. Valley Co. on the basis of paying the animal net surplus,
if any, to this company.
Authorized capital is' $5,000,000. Amount
issued $3,509,695. From Jan. 1, 1887 to July 31 (seven months), gross
earnings were $ >82.721, against $489,32.2 in 18^6: uet, $186,6.31,
against $161,245.
For year 1886 gross earnings were $937,529; net,
$333,616; rentals and taxes, $48,266; interest, $196,920; surplus, $24,mile.
(V. 45. p. 30 1.)
(V. 44, p. 90, 343, 344.)
For the year endin g June 30, 1887 (not including Knoxville A Ohio), 9 70.
Elmira Cortland Sc Northern.—Elmira. N. Y., to Canastota, N.
gross earnings were $1,368,180, against 3,778,291 in 188 '»-6; net, $1.466.952 in 1886-7, against $1,373,978 in 1885-6; surplus in 1886-7
Y., 120 niHes, of which Elmira to Horseheads, 5 miles, and Cortland to
over interest, divide ds and taxes, $81,145. ,,
pc Euyter, 20 miles, are leased for
499 years. Organized May
The fiscal year ends June 30. The annual report for 1885-80 was. 11, 1878, as successor of the Utica Ithaca A Elmira RR. Co., foreclosed
published in the Chronicle, V. 43. p. 605 :
April 30, 1878. Again sold in foreclosure Feb., 1881, and re organized
INCOME ACCOUNT.
as at present.
The 1st mort. for $1,250,000 bears 3 p. ct. for 3 years, 4
Receipts—
1884-85.
1835-86.
1886-87.
p. ct. for 2 years, thou'5 p. ct.
Stock is $2,000,000. Gross ea rnings in
Total gross earnings
$4,021,567 $3,778,291 $4,368,180 18S5—6, $369,265; net income, $29,931; interest, taxes, Ac., $66,812;
Net earnings
$1,140,589 $1,201,000 $1,354,489 def $36,882. Austin Corbin. President, New York City.
Disb u rsetn ents—
Elmira Sc Lake Ontario.-Owns from Canandaigua, N. Y., to
Interest on debt
$1,463,651
$833,343 Watkins. N. Y., 47 miles; to Chemung Junction, 17^ miles; Sodus
Dividend mi 1st pref. stock
410,000 Point to Stanley. 3 l miles—total. 98 miles. This company was a con¬
Other payments
solidation in December, 188*'>, of the Elmira JelFersou A Cana ulaigua,
203.967
Total disbursem’ts
$1,678,618
$1,273,3 13 the Sodus Bay A Southern and the Chemung Railroads, with st »ck and
bon is as above.
Ic is leased at cost of operating to the Northern Cen¬
Balance
def.$390,275
snr. $81,146
,
,
The Knoxville
net
A Ohio gn as
earnings in 1886-7 were $408,517 and
$>52,719.
(V. 43, p. 22, 125, 217, 598, 605, 607, 634, 718. 619: V. 44, p. 90,
lib, 149, 181, 211, 343, 494, 621, 751; V. 45, p. 53,271, 272,304.)
Kant Sc West It It. Co. of Alabama.—Road will extend from
Gainesville, Ga., to Birmingham. Ala., and branches, 207 miles, of which
completed to June, 1887, 112 miles; an extension of 93 miles is also con¬
templated. In August, 188/, the road was completed from Cartersvide.
Ga.. 10 1V11 City, Ala., 128 miles. Tiu* above bonds wore issued in 1387
—
tral,, which controls the stock.
Elmira
Sc
Williamsport.—Owns rrom Williamsport, Pa., to
Elmira, N. Y., 77 miles.
This company was reorganized under the
present name Fel>. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
after Jan. 1, 1880. The dividends on the common stock are 5 percent
and on the preferred 7 per cent.
Gross earnings in 1884-5, $744,685;
net, $273,730; surplus to lessee, $95,372. Gross earnings in 1885-6,
$765,559; net $226,008; surplus to lessee, $17,818.
Erie Sc Pittsburg.—owns from New Castle, Pa., to Girard, Pa.,
to take up $800,000 of prior lirst mortgage bonds and $5*.'0,0 >0 of de¬
bentures outstanding. Stock (authorized). $2,000,000, issued at the rate 82 miles; branch. Dock Junction to Erie Docks, 3 miles; leased—
to Erie, 15 miles; total operated, 100 miles. Road opened in 1865of $ t u,000 per mile of completed road.
From Dec. 1, 1886, to May 30, Girard
rt was leased to the Pennsylvania RR. for 999 years from March 1,
18*7 (6 months!, gross earnings were $73,500; net earnings, $39,600;
eurpl is over interest, $6,000.
E. F. Browning, Pres’t, 403 Broome 1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co.
The lease has
Stiver, N. Y. (V. 44, p. 621; V. 45, p. 211, 240.)
been quite unprofitable to the lessees; the deficiency paid by them Id
Eastern (Mass.)—Owns from Bos«.mi, Mass., to New Hampshire
1881 was $233,522; in 1882, $207,651
in 1883, $260,071; in 1884,
Stat«* Line, 41 miles; branches—Salem to Marblehead, 4 miles ; Bever
$307,841; in 1885, $354,633 ; an l in 1886, $225,794.
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4 miles ; Revere
Eureka Springs.—Road extends from Seligman, Mo., t > Eureka
to Fast Boston, 3kj miles; Peabody to Wakefield, 8 miles;
Salem
to Lawrence, 20Voiles; others, 22 miles?leased—Eastern RR. of N. II., 16 Springs, Ark.. iSh> miles; n qjeett d to II irrison, Ark., 50 miles beyond.
The capital stock is $5O0.0u0.
There are al-o non-cumulat ve 6 per
miles; Newburypovt City RR., 3 miles; Portland Saco A Portsmouth, 51
miles, Portsmouth A Dover, 11 miles; Port am. Gt. Falls A Conway, 73 <*eut income bonds, on which interest at an average of 4 *2 per cent has
mile*;
Wolfeboro Railroad. 12 miles; total operated. 285 miles. b -eu paid. There is a traffic contract with St. L mis A San Francisco.
(V. 45, p. 373.)
In Ma rch, 1883. a lease of this road to the Boston A Maine was voted
European Sc North American. — Owns from Bangor, Me.,
for fifty-five years, but in November, 1884, this lease was decided to be
illegal in some respects, and a new one was negotiated for 54 years to Vanceboro (State Line), Me., 114 miles. On Aug. 31, 1882, a lease
was
made to the Maine Central for 99 years, for $125,000 per annum,
from Oct. 1, 18.*'3, on the basis of combining the total earnings, paying
all charges, and dividing the surplus income as follows : 1. To B. A M., equal to 5 per cent per annum on the stock, and assuming the bonded
$630,000 (9 per cent oil its stock); to Eastern, $100,000 for sinking debt of $1,000,000, which is given under Maine Central.
—
a
GO
P
ft
o
p
Q
5
CQ
M
o
o
H
QQ
H
GG
>"ts&sifiKsai
explanation of column headings, &c., see notes
first page
of tables.
Pittsburg—(Confin'd)—2d mort., convertible
Equipment bonds
Consol, mort. free of 8tate tax (for $4,500,000)...
Eureka Springs—1st M., gold, coup, may be reg—
European dk No. American—Stock, guar. 5 per et
Evansville dk Indianapolis—1st mort., E. & I. gold..
Erie <£
Terre Haute * Southeastern—1st mort
Ev. & Ind. Cons. mort. (for $2,500,000)
gold,
guar
Evansville <f: T. Ilaiite—Stock
1st mort.Evans.* Cr..sink.fund,(Evansv. to T.H.)
1st eousol. mort., gold (for $3,500,000)
1st mort., Mt Vernon Branch, gold (for $375,000)
Evansville Terre II. & Chic— 1stM., gold,int.guar..
gold
Fitchburg— Common stock
Preferred 4 per cent stock
2d mortgage,
Bonds to State of Mass. (3 p. ct.
Flint /£• Pere
2d mortgage
3d mortg. (convertible
81^
100
100
....
114
54
40
135
146
109
14 4
25
55
55
370
....
38*s
....
into stock)
Marquette—Preferred stock
Reorganization
Miles
Date
of
of
Road. Bonds
int. till 1891.)...
Bonds, coupons
Boston Barre * Gardner, 1st mortgage
do
do
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
on
[Vol. XLV.
Immediate notice of any error discovered in these Tables.
Subscribers will confer a great favor by giving
For
SUPPLEMENT.
INVESTORS’
30
‘mortgage, gold ($5,000,000)
Flint & Holly RR
Holly Wayne * Mon., 1st mort., sink,
Florida Railway <£• Nav.—F. C. Ac W., 1st
Florida Transit—1st mortgage
Peninsular of Florida—1st mortgage
fund, guar.
mort.. gold
Ry.* Nav., consol, mort. gold
Fernandina Ac Jacksonville
Florida Southern--Int mortgage, ($12,000 per mile)
Charlotte Harbor I)iv., 1st m., gold, $10,000 p. m.
Fla.
....
Size, or
Amount
Par
Outstanding
Value.
1865
1870
1868
1883
685,000
2,485,000
500,000
2,500,000
1,000
....
100
....
.
_
1,000
50
....
2,394,000
200,000
775,000
1,000
1,000
1,000
325,000
100
’74-’8 7
1873
1*75
1875
361
302
17
65
234
155
50
530
24
180
81
....
7,000,000
12,461.300
5,000.000
6,000,000
1,000
100 &c.
391,000
186,300
57,300
6,500,000
3,999,000
....
....
....
1880
1868
1871
1882
1881
1876
1884
1883
1883
1885
1*4
7
6
6
6
6
606,000
1,000
1,000
1854
1881
1883
1870
1872
6 g7
6 g.
699,000
260,000
1,001,000
3,000,000
1,000
.
7
7
7
6 g.
$91,800
$100<fec
1,000
1884
1879
1886
Rate per
Cent.
1,000
500 *o.
1,000
300,000
1,000,000
1,000
1,000
1,000
1,090
1,000
100 &c.
100 *e.
2,803,000
1,000,009
250,000
4,042,000
380,000
2,121.000
801,500
g.
g.
g.
g-
pal,^When Due.
When
Where Payable, and by
Payable
Whom.
A.
A.
J.
F.
A.
J.
M.
J.
&
&
&
&
&
&
&
&
0. N. Y., Union Trust Co.
do
do
O.
do
do
J.
A. N. Y., Mercantile Tr. Co.
O.
Bangor.
J. N.Y.. Farm. L. & Tr. Co.
S.
do
do
do
do
J.
Q.-J.
M.
J.
A.
M.
J.
&
&
&
&
&
N.
J.
O.
N.
J.
’2*
M. * N.
3 to 4
F. & A.
4, 5, 6 7 A. & O.
A. & O.
5*7
3
J. & J.
6
J. * J.
3
J; * J.
0 g- A. & O.
10
M. & N.
8
J. & J.
5 g. J. & J.
6
M. & 8
7
J. * J.
6 g.
Q.-J.
6
J. & J.
6
J. * J.
6 g. A. & O.
Stocks—Last
Dividend.
Mar. 1. 1890
Oet. 1, 1900
July 1, 1898
Feb. 1, 1933
Oct. 15, 1887
July 1, 1924
Sept. 1, 1909
Jau. 1, 1926
July 15, 1887
Company’s Office.
N.Y.,Farm. L’an* T.Co. Nov. 1, 1887
do
do
July 1, 1921
do
do
April 1, 1923
N.Y.,Farm.L’an & T.Co. May 1, 1900
do
Jan.
do
1, 1902
2**
1887
April 1.
July 1,
July 1,
N. Y., Mer. Ex. Nat. Bk. July 15,
1893
1895
1895
1887
1920
1888
1901
1922
1911
1906
1924
1923
1923
1925
May
Boston, Ofiice.
Boston, Office.
Worcester, City Nat. Bk.
do
do
do
do
do
do
N.Y., Morcli. Nat. Bank.
do
do
Last paid, Jan., 18s5.
Last paid, March, 1885,
Last
Last
Last
193 7
1894 to 1905
paid. Jan., 18-15.
paid, July, 1885.
paid, Jan., 1885.
Boston. Ollice.
do
Oct.
Mav
Jan.
1,
1,
1,
April 1,
Mar. 1,
May 24,
July 1,
July 1,
July 1,
Oet. 1,
.
Indianapolis.—Owns from Evansville, Ind., to
Worthington), 135 miles; "branch to Lancaster, 3
miles; total, 138 miles. This company was a consolidation in Oct.’85,
of three corporations, viz.: the Evansville & Indianapolis, the Evansville
Wash, it Brazil and the Terre Haute & Southeastern railroads. Of the
consolidated mort. bonds, $1,260,000 are reserved to meet prior liens.
The consolidated bonds are guaranteed by the Evansville & Terre
Haute Co. Capital stock, $2,000,000. Edwin Taylor, President. (V.
45, p. 26.)
Evansville A: Terre Haute.—Owns from Evansville, Ind., to
Terre Haute, Ind., 109 miles; Owensville branch and extension, 37
miles; total operated, 146 miles. The Rockville Extension, 23 miles
additional, is leased to the Terre Haute & Logausport for 99 years from
Nov. 1, 1879.
Formerly the Evansville & Crawfordsvillo RK. Co. The
20 per cent stock dividend of 1884 was the distribution of $500,000
which had been held for sometime in the treasury. To meet the bonds
fallinvdue in Nov.,1887, the Co. has $606,000 of thecous. bonds. Annual
report' for 1885-6 in V. 43, p.486. Gross earnings year ending Aug.
31. 1886. $761,981 ; net, $386,801; in 1884-85, gross, $718,823; net,
$357,600. (V. 43, p. 458, 486 ; V. 45, p. 26.)
Evansville Terre Haute A: Chicago.—(See Map of Chicago
dt East Illinois Kit.)—Owns from Terre Haute Junction, Ind., to Dan¬
ville, III., 49 miles; leased, 6 miles; total operated, 55 miles, . It uses 6
miles of the track of the Rockville Extension into Terre Haute; also
leases the Indiana Block Coal road, 15 miles. On April, 30, 1880, a
lease to the Chicago* Eastern Illinois was made for 999 years; terms,
$75,000 per annum and the assumption by the C. * E. L of all rentals
and taxes paid by E. T. H. & C. The bonded interest was reduced to 6
per cent and preferred stock for $100,000 issued for overdue coupons;
common stock, $600,000. Josephus Collett, President,Terre Haute. Iml.
Evansville Sc
Terre Haute, Ind. (via
On Jan. 1, 1887, the laud notes (principal and interest) on hand for
lands sold were $285,532, and lands yet unsold 89,044 acres.
The
total amount of cash collected in 1886 was $173,818. Annual report for
1886. in V. 44. n. 550. Earnings and operations for four years past wore:
INCOME ACCOUNT.
1883.
$
Gross earnings
Net earnings
Disbursements—
Interest on debt
Dividends
Miscellaneous
2,542,943
807,426
318,623
455,000
2,252,988
737,527
1886.
$
1885.
1884.
$
$
1,946,790
598,950
'
337.223
329,499
455,000
260,000
2,160,771
649,669
*322,910
325,000
4,226
Total disbursem’ts.
593,725
647,910
773,623
792,223
Balance for the year.
sur. 1,759
sur. 33.803 def. 54,696
sur. 5,225
*
Less interest, &c., received.
-(V. 43, p. 49; V. 44, p. 117, 434, 526, 550.)
Florida Railway Sc
Navigation,—Miles owned in 1886:
Jacksonville to Chattahoochee, 209 miles, and branches from Talla¬
hassee to St. Marks, 21 miles; and from Driftou to Montieollo, 4 in.;
Fcrnanilina south, 179 miles; Waldo to Cedar Keys, 72 miles; Wild¬
wood to Leesburg, 23 miles;
Hart’s road to Jacksonville, 25 m.:
total, 532 miles. In June, 1887, opened the extension to Plant City,
making
a
short route from Jacksonville.
In March, 18s i. the Florida
Central & Western, Florida Transit & Peninsular, Fornandina Sc Jack¬
sonville and the Leesburg & Indian River railroads were consolidated
under this name.
There have been issued $16,000 6 per cent consoli¬
dated bonds, with $13,000 of preferred and $13,000 of com mo u stock
on each mile constructed and equipped.
Of the above F. C. & W.
$1,000,000 are a preferred lien “series A,” the balance of the Hi Oct., 1885, a receiver (Mr. II. R.
being known as “series B.”
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass, (double Duval) was appointed for the whole property, and in Jum, 1887, the
track), 50 miles; from Greenfield to Massachusetts State line (double sale of the property
was ordered for the lirst Monday in November.
track). 44 miles; and B. Barre & Card. RR., Worcester to Winclien- B. S.
Henning President, N. Y. City. Gross earnings for 183 4, $1,001,don, 36 miles; branches—Charlestown, 1 mile; North Cambridge 590; net,
$385,198; interest, $3 43,900. (V. 44, p. 49 L 8 8.)
to
Waltham, 8
miles; South Acton to Marlborough, 12 miles;
Florida Southern (Narrow-gauge).— Owns from Pa’atka, Fla., to
Peterborough * Shirley, Ayer, Mass., to Greenville, 24 miles: Ashburnham branch, 3 miles; leased and operated—Vermont & Mass, lilt., Gainesville, 50 m.; Rochelle t ) Leesburg to Brookvillo, 156 m.; Bartow
Fitchburg to Greenfield, 56 miles ; Turners Falls Branch, 3 miles; Troy to Charlotte Harbor, 81 m.; Leesburg to Astor, 50 in.; other Branches,
There
& Boston RR., Massachusetts State line to Troy, N. Y., 41 miles, and 23 in.; total owned, 310 miles. Capital stock, $10,050 p*T mil \
branches, 5 m.; Boston Iloosae Tunnel & West., Mass. State line to Rot¬ are also $285,000 bonds of the St. John * Lake Eustis RR., 59 in., guar¬
anteed by this Co. Company lias a State land grant of 13,8 40 acres per
terdam, 61 in., and branches, 26 m.; total to Sept. 30, 1886, 370 miles.
the Fitch¬
the latter
purchased from t he State of Massachusetts (See V. 41, p. 599 A con¬
The present company was formed by consolidation in’8 7 of
burg RR.. the Troy* Greenfield RIi. and the lloosac Tunnel,
tract for the purchase of the Troy & Boston railroad was also made of
which the terms were mentioned in V. 4 4, p. 544. The Iloosae Tunnel
Dock * Elevator Co. was taken in also for $1,512,500 of the Fitchburg
stock, and the Boston Iloosae Tunnel As Western road was purchased
for $3,600,000 preferred stock and $2,000,000 common stock, subject
to debenture, bonds amounting to $1,400,000.
The preferred, stock, 4 per cent, was to be $7,048,800, and common
$5,000,000.
No ollicial information has been obtainable since the
consolidation was made, but an approximate estimate of the company’s
situation was in V. 45, p. 239. The liscal year ends Sept. 30, and at that
date the balance sheet will be made up.
The income account lor four years (ending Sept. 30) was:
INCOME ACCOUNT.
Receipts—
Gross earnings
Net earnings
Premiums and rents
Total income
Disburse men ts—
Rentals paid
Interest on debt
Other interest
Dividend*
Rate of dividend
1882-83.
1883-84.
$
$
1881-85.
$
1SS5-86
2,820,119
3,295,289
735,624
$
670,737
2,798,157
666,752
107,000
58,500
71,130
101.253
777,737
725,252
744,289
839,8/7
230,104
246,809
177,500
51,225
297,000
(6)
755,889
200,000
252,581
220,688
256,480
260,763
12,332
272,250
(5Lj)
247,500
(5)
264,331
(5)
2,858,678
673,159
78i,o74
720,769
731,391
Total disbursem’ts
sur.23,520 sur.58,303
def.O, l£9
Balance
surp.21,848
~(V. 43, p. 607. 716 ; V. 44, p. 59, 119, 148, 421, 434, 494 , 5 44, 681;
V. 45, p. 178, 239.)
Flint A: Pore Marquette.—Owns from Monroe, Mich., to Ludington, Mich., 253 u< les; branches—Bay City to East Saginaw, 12
miles; Flint Junction to-Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison branch,
30 miles; Manistee branch, 26 miles;
Sagiuaw & Mount Pleasant Railroad, 15 miles; total operated,
362 miles.
The road was sold August 18, -1880, under the consol¬
idated mortgage, and reorganization was made. The common stock of
$3,500,000 lias no present right to vote or to receive dividends, and
will be issued only after the preferred stockholders have received 7
per cent yearly dividends for five consecutive years.
The preferred
slock is not cumulative, and after 7 per cent per annum is paid on both
classes of stock, the balance of income, if any, is to be divided ratably.
In 1886 the common stockholders took steps looking to the relief of
their stock from its onerous limitations, owing to the payment of divi¬
dends on the. preferred stock at 7 per cent for a few years and then
at a reduced rate.
bonds
issue
Candler, Pres., Boston.
A: Gloversville.—Owns from Fonda to
Northville, 26 miles.
The stock is $300.000. Gross earnings In
1885-86, $163,66 4; net, $76,325; surplus over all charges and 10 per
cent dividend, $13,316.
Gross earnings in 1884-85, $460,324; not,
$68,568; surplus over charges and 9
per cent dividend, $8,3d4. W.
J. Heaeock, President, Gloversville, N. Y.
Fort Madison A: Northwestern.—Narrow gauge road from Fort
Madison, la., to McKee, la., about 45 miles. Stock, $425,600.
De¬
fault'on bonds was made October, 1884, and in July, 1885, a receiver
took possession, and it was proposed to Issue new bonds at $14,000 per
mile, change the gauge and complete the full line of 100 miles and
retire old bonds by some settlement with the holders, either giving them
the now bonds or otherwise.
Foreclosure proceedings are ponding. C.
A. Gilchrist, Receiver, Fort Madison, Iowa.
Fort Wayne Sc Jackson.—Owns from Jackson, Midi., to Fort
Wayne, Ind, 97 miles. The former Fort Wayne Jackson & Saginaw made
default on its bonds and was sold in foreclosure Dec. 3, 1879. On Sept.
1,1882, leased perpetually to Lake Shore * Mich. Southern.at a rental of
$126,027, equal to 5^ percent on the pref. stock, and after 1887 any
net earnings over 8 per cent on pref. stock to be paid as dividend on
common stock, but not exceeding 2 per cent a year.
Fort Wayne Cincinnati A: Louisville.—From Fort Wayne,
mile.
J. W.
Fonda
Johnstown
Ind., to Connorsvillc, Ind., 104 miles; branch to Rushville, Ind., 24
miles; total operated, 128 miles.
The Fort Wayne Muneie «fc Cincin¬
nati Co. defaulted and a receiver was appointed Nov., 1874. The road
was sold in foreclosure, July 27, 1381, to Elijah Smith, for the bond
holders, for $1,000,000. The bondholders reorganized under this name.
There are $100,000 notes, due 1893. Gross earnings in 1886, $271,561;
$>8,241. Gross in 1885, $227,841; net, $22,509; interest paid,
$7,000- Elijah Smith, Pres’t, N. Y.
Fort Worth Sc Denver City.—(See Map)—From Fort Worth, Tex.,
northwest, to Quanah, Tex., and beyond, 245 miles; lias been completed
to 106 miles west of Quanah, but not yet in operation.
Stock. $20,000
net.
mile, $6,100,000; par value of shares, $100. Total stock author¬
Bonds were authorized at $25,000 per to. for the 200
miles to hear Quanah, but beyond that point to be issued at $16,000 p. m.,
making the whole road average $18,000 per mile. They were actually
issued at the lirst rate only to Harrold, 144 miles ; be.\ on l at $ 16,009
per mile.
The road is under construction to, the State line to forma
junction with the Denver Texas * Fort Worth, and thereby constitute a
through line from Denver via.Fort Worth, to Galveston and New Orleans.
Gross earuinjrp year ending Oct. 31, 1886, $423,1 So; net, $1/5,074;
lived charges $165,000 ; surplus, $10,074. From Nov. 1. 1886, to July
31, 1887 (9 mouths), gross earnings were $457,343, avaiust $231,012
in 1885-6: net, $194,974, against $ *9,245.
Morgan Jones, Pres., Fort
Worth.—(V. 44, p. 60, 90, 184. 21.1, 308. 392, 400, 43 4, 499, 526, 551*
) 681, 808 ; V. 45, p. 25, 85, 142, 166, 272. 312.)
per
ized, $20,000,000.
,
.
)1 a
EMBER,
RAILROAD STOCKS AND BONDS.
)8b7.J
Subscribers tvill confer a great favor
DESCRIPTION.
For
explanation of column headings, Ac., see note8;
on lirst page of tables.
by giving immediate uotice of any error discovered In tliese Tables.
Miles
Date
of
of
Road. Bonds
10
26
45
97
Fonda Johnstoicn d Qloversville— 1st mortgage
Consol, mortgage
lort Madison d Northwestern— 1st mort., gold
Fort Wayne d Jackson—Pmf. stock, (8 percent)
Common stock
Fort Wayne Cincinnati d Louisville—Stock
Fort Worth d Dcnv. City—1st M., gold
Frederick d Pennsylvania Line—1st mortgage
Galveston Harrisb.d S.Antonio— 1st mort, gold, 1. gr.
2d mortgage
Western Division, 1st mortgage, gold
do
do
2d mortgage
Galveston Houston d Tlend. of 1882—1st mort.,guar
Geneva Ithaca d Sayre—1st mort., s. f., gold
Gcoryia Midland d Gulf— 1st mort. ($15,000 p. m.).
Georgia Pacific— 1st mort., $10,000 per mile
2d mort., income, cumulative ($15,000 p. m.)
Georyia Railroad d Hanking Co.—Stock
Bonds, not mortgage
97
128
322
28
256
226
071
671
50
35
98
313
202
307
....
Bonds.not mortgage ($300,000
Bon is, not mortgage
mature in 1922)..
•
•
•
•
:
1st mort.,
599
367
1st
36
Grand Rapids d
Indiana—IStock
land grant, gold (guar, by Pa. RR)
mort., gold, ($075,000 are land grant)
Six per cent mortgage
Consol, mortgage lor $13,000,000, coup, and reg.
Mortgage (gold" on Muskegon Division
Green Bay Winona d St. Paul—1st mort. coup
Funded coupon bonds
2d mort. income bonds, reg.. non-cumulative
51
/
367
367
42
219
219
Gulf Colorado d Santa Fc—ist M., g. ($12,000 p.m.) 1,002
2d mortgage ($8,000 per mile), gold
1,002
1870
1880
1880
Size,
Amount
Par
Value.
Outstanding
'
$100 Ac.
100 Ac,
500&C.
*
,2>\md.s--i:'rmei
INTEREST OR DIVIDENDS.
or
Rate per
Cent.
7
6
7 g.
$300,000
200,000
320,000
23i
2,287,832
431,747
”•
When
Where
pal,When Due
Payable, and by
Whom.
Payable
Stocks—Last
;
Dividend.
J. N. Y., St. Nich. Nat. B’k.
do
do
Last paid April, 18S3.
M. A S. N Y.,Farmers’L.ATr.Co
July
May
April
Sept.
1, 1900
1, 1921
1, 1905
D. N. Y., MercantileTr. Co.
Dee.
Oct,
Feb.
June
1, 1921
1, 1900
1. 1910
1, 1905
J.
&
A. A O.
A. A O.
1, 1887
4,000,000
1881
1870
’71-’80
1880
18S1
1881
18 S3
1870
1SS6
1.000
500 Ac.
6,448,000
1,000
4,756,000
rr
1.000.000
13,418,000
6,354.000
1,000
1.000
1.000
1.000
100 Ac.
1.000
4
•r> g.
6
5
7 g.
6 g.
6
6
2,000,000
600,000
1,470,000
1,000
1,000
1 882
6 g.
6
6 g.
250,000
77AS0
18S7
1.000
1869
1869
1884
1884
1^86
1881
1886
1881
1879
1885
1,000
1,000
3,173,000
3,901,000
4,200,000
100,000
2.300,000
200,000
4,985,081
3,931,000
1.441,000
1,000
1.000
2,700,000
3,217,000
6
1.000
750.000
1,600,000
5 g.
280,830
6
8
7 g.
1883
m
m
m
100
m
1,000
...
1,000
100
1,000
1.600
3,781.000
1.000
11,724,000
1,000
6,006,000
Frederick Sc Pennsylvania Line.—Owns from Kingsdale to
Frederick City, Md.. 28 miles. It is leased to Pennsylvania RR., which
pays interest on lirst mortgage. Preferred stock held by Pennsylvania
RR., $461,000; common stock, $318,100; Heating debt, (coupons, Ac.),
$184,e45. Gross earnings in 1886, $53,312; net, $1,975. Charles E.
I
2 82
7
J. A
A. A
F. A
J. A
M. A
J. A
A. A
J. A
O.
A.
Pennsylvania RR. Co.
N.Y., South. Pacific Co.
do
do
D.
do
do
N.
do
do
J.
New York.
O.
J Phila., Company’s office.
.1. A J. Columbus, Ga.. Ollko.
J. A J. N. Y.. Central Trust Co.
A. A O. N. Y.,Metropol’nTr. Co.
Q.-J.
6
5
I.
.1.
J.
A
A
A
7’g.
J.
A
7 g.
A.
M.
M.
J.
F.
F.
M.
A O.
do
do
do
.1.
J.
J til v
July
1, 1890
1, 1926
do
Jan: 1. 1922
Oct. 1. 1923
Aeril 15, 1887
Jan. 1, I860
do
do
’97,1910,1922
Jan. 1, 1922
Am.Ex.Bk., N.Y.,AAug
J.
May 1, 1031
July-1. 1931
April 1, 1913
*
5
6
A
A
A
A
A
A
J. A
A. A
J. N. Y., Winslow, L. A Co.
do
do
do
do
N.
do
do
S.
do
do
J.
A. N.Y.Farmers’ L.ATr.Co
do
do
A.
None ever pa d.
N.
J. N. Y.. Nat .City Bank.
do
do
O.
Oct.
Oct.
1.
1,
Nov. 1,
Sept, 1,
1899
1899
1899
1924
July 1, 1926
Feb.
1,
1911
Aug. 1, 1906
May 1, 1911
July 1, 1909
Oct,
ton, Ga.,to Macon, Ga., 76 miles; total owned and operated,
1,
1923
307 miles.
| The Western Railway of Alabama is controlled jointly with the Central
one-half the stock of $3,091',0 ’0.
is owned by this company. The
Port Royal A’Augusta RR. is owned oue-flfth part by this company;
the Atlanta A West Point thirty-five one hundredths by this company.
Trail, President, Frederick City, Md.
In April, 1881, a lease for 99 years was made to W. M. Wadb y and
Galveston Harriaburg Sc San Antonio.—(See Map of Southern
associates, for the Central of Georgia and the Louisville A Na.-hville
Pacific.)—Owns from Houston, Texas, to 8an Antonio, Texas, 217 miles railroads, at
$600,000 per year, payable semi-annually, and dividends
LaGrange Extension, 28 miles; Harrisburg to Pierce Junction, 8 miles;
are 2*2 percent quarterlythe deficit to these companies in 1884-85
leased, Harwood to Gonzales, 12 miles; total, 266 miles. Western Ex¬
on tho lease was $98,599.
In 1886-87 net income from all sources
tension, San Antonio to Rio Grande River, connecting with Southern
including bank, was $679,802, leaving a surplus of $78,343 above all
Pacific, 636 miles; Eagle Pass Branch. 35 miles; total Western Exten
sion, 661 miles. Grand total, 936 miles. The extensions to the Rio charges, including 10 per cent dividends. Total surplus of RR. Co. Mar.
31. 1887. $1,083,065 ; of Bank, $217,644.
Grande at Eagle Pass and to El Paso were completed late in 1882.
This company was successor to the Buffalo Bayou Brazos & Col. Rail¬
way in 1870.
The capital stock outstanding on the whole road is
$27,084,372. The 1st mort. covers 256 miles of old road and 1,500,000
acres of land.
The proceeds of land sales arc used to retire the bonds,
and also a sinking fund of 1 per cent, but it is optional with bond¬
holders to surrender their bonds, if drawn. Of the second mortgage
bonds due 19 >1, the company holds $355,000. There is also $207,162
Texas school debt outstanding.
In June, 1881, a large interest in
the stock was bought by Southern Pacific parties.
The mortgages
©n
the Mexican Pacific extension cover 636 miles of road, from
San Antonio to El Paso, and the Eagle Pass branch, 35 miles—671
in all. The land grant is sixteen sections (10,240 acres) per mile.
On Feb. 10, 1885, this property was leased for 99 years to the Southern
Pacific Company, the lessee agreeing to pay interest on tho debt, and
a further sum equal to 16J4 per cent of the net profits on the whole
Southern Pacific system.
From January 1 to July 31 in 1887 (7 months), gross earnings were
$1,810,397. against $1,469,915 in
1886; net, $208,368, against $158,-
109 in 1886.
The annual report was
income account for tvs o years were:
Gross earnings
Operating expenses
Net
Rental received from T. A P. R. R
Total surplus
Taxes
Additions and betterments
Iuterost on bonded debt
Interest on Stale of Texas debt
Old claims
.
Total payments
Balance
in V. 44, p. 750.
1886.
1885..
$2,599,462
$3,199,077
2,322,423
1,704,970
$277,039
$1,494,107
54,900
54.900
$331,939
51,771
83,168
.
Earnings and
$1,549,007
61,555
68,444
1,402,886
27,443
1,384,245
20,546
19.601
$1,585,814
$1,548,810
def. $1,253,877
14,965
sur.
$196
—(V. 44, p. 3i4, 750.)
Galveston Houston & Henderson of 1882.—Owns from Gal¬
veston, Texas, to Houston, Texas, 50 miles.
Tho road was opened in
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized as tho G.
H. A H. of 1871.
In July, 1880, the company defaulted on its interest
and the road was sold in foreclosure Aug. 1, 1882, for $460,000, and
Jay purchasers,
{mrchased
the interest
of the
Gould and Russell
lolders, by inagreement
with
receivedSage.
new 5The
per bondcent
bonds for their old bonds, and the road is leased for 99 years, to the
International A Great Northern Railroad Company and bonds guaran¬
teed by that company. Stock of the new company is $1,000,000. In
1886 gross earnings were $401,031; expenses, $395,355; net, $5,6.6;
interest and taxes, $118,467.
In 1885, gross, $322,242; net, $42,356.
—(V. 44. p. 400.)
Geneva Itiiaca Sc Sayre.—Owns from Geneva, N.
to Sayre,
Pa., 75 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
Hayt’s Corners branch (leased), 3 miles; total operated, 116 miles;
Organized October 2, 1876, as successor of the Geneva Ithaca A
Athens Railroad (sold in foreclosure September 2, 1876), which had
been formed by consolidation of the Geneva & Ithaca and Ithaca &
Athens railroads, May 25, 1874.
In 1880 absorbed the Cayuga A South.
RR.. 37 miles. The common stock is $1,275,000; preferred, $409,000
Gross earnings year ending nt-pt. 30, 1885, $354,884 ; deficit, $83,023;
Interest, taxes, Ac., $80,247:total deficit, $163,270. In 1885-86, gross.
$412,128; net, $46,122; interest payments, $81,630; deficit, $35,507.
Georgia midland Sc Gulf.—Road built from Columbus, Ga., to
McDonough, 98 miles; projected to Athens, Ga., 68 miles more, stuck,
$1 2,000 per mile. Operated by the Georgia Midland Constru.tiou Co.
N. Y. office, 7 Nassau Street.
Georgia Pacific.—(See Map of Richmond d. Danville.)—Atlanta,
Ga., to Starkvilie, Miss., 316 miles; Greenville, Miss., to Johnsouville
and branch (X. G.). 5z miles; total, 368 miles.
The Georgia Pacific has
been built by Richmond A Danville Extension Company, an l oper¬
ated in the R A D. system. The capital stock is $7,000,000.
Interest
on income bonds is cumulative.
Gross earnings year ending Sept. 30,
1886, were $784,811 and net, $221,012. There are $279,802 ear trust
notes.
Tho annual report was in V. 43, p. 745.—(V. 43, p. 334, 745:
V. 44, p. 499.»
Georgia Railroad Sc Ranking Co.—Augusta, Ga., to Atlanta.
Ga., 171 miles; branches to Washington and Athens,60 miles; Warren-.
RR. of Georgia, this company holding
The Macon & Augusta RR.. 76 miles,
Grand Rapids Sc Indiana. - (See Map of Pennsylvania RR.)— Owns
from Fort Wayne Ind.,to Mackinaw City, 367 miles; Manistee Branch,
miles; Missaukee Branch, 8 miles; Osceola Branch, 7 miles; total
owned, 404 miles; leased and operated: Cm. Richmond A Fort Wayne
RR.. 86 miles; Traverse City Railroad, 26 miles; Bay View Little
Traverse & Mackinaw Railroad, 6 miles; Muskegon Grand Rapids &
Indiana RR., 77 miles—155 miles. Total, 599 miles.
22
Rapids & Indiana Railroad is operated in the interest
Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
The Grand
of the
bonds were
guaranteed by that company,
which buys the coupons each
if any remain unpaid by the earnings. First mortgage bonds re¬
deemed by the sinking fund are replaced by 5 per cent bonds issued.
Tbe bonds on the Muskegon Division have a traffic guarantee applicable
to their interest payment.
The Co. has a land grant, and sold in 1886 29,169 acres, for $268,200.
The lands unsold on Jan. 1, 1887, were 410,356 acres. Tho assets were
$326,412 bills receivable, and cash with cashier $3 /,08‘>.
Kroiu Jan. 1 to .1 u!y 31, in 1887 (7 mouths) the gross earnings of all
lines were $1,6)2,023, against $1,320,099 in I836; net, $>13,771,.
against $ 407,103.
year
The income accounts for four years wero as
follows;
INCOME ACCOUNT.
1883.
Gross
earnings
Net earnings
Total disbursemts...
1884.
$
$
2,361,605
640,098
2,116,299
533,070
613,720
567,602
18-5.
$
1,946,143
603,715
744,413
1886.
$
2,098,127
760,593
7 40,406
sur. 14,187
sur. 107,028
sur. 46.118 def. 140,698
245, 398, 515, 634 ; V. 44, p. 22, 184, 235, 300, 434).
Green Bay Winona Sc St. Paul.—Owns from Green Bay, Wis.,
to Marshland, Wis., 209 miles; branches, 10 miles;
leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a reorganization in
1881 of tho Green Bay & Minnesota, which company made default and
the road was sold March 12. 1881.
Preferred stock is $2,000,000, and
entitled to 7 per cent when earned, and common stock $8,000,000,
both stocks $100 shares. On Feb. 1,1885, default was made on the first
mortgage interest, and the trustee of the mortgage took possession, and
in 1886 bondholders consented to fund the three overdue ooupons and
tho company resumed payment
of interest on August 1.
For
1884-85 gross earnings wore $.103,190 ; net, $33,043, ; taxes and inter¬
est, $102,586. In 1885-86, gross, $314,470; net, $39,052. Samuel Sloan,
President, New York. (V. 43, p. 96, 308.)
Gulf Colorado Sc Santa Fc.-(See Map)—Mileage as follows: Gal¬
veston to Gainesville, 420 miles;
Alvin to Houston, 24 ; Somerville to
Con roes, 71; Temple to Coleman and Bollinger, 196; Cleburne to Honey
Grove, 132; total, 833 miles. Road was sold ami reorganized April 15,
1879. Stock, $4,560,000.
In July, 1885, the old second mortgage at $13,000 per mile was retired
au<l canceled and the new second mortg. at $8,000 per mile was issued.
In April, 1886, tho stock of this company was exchanged for the stock
of the Atchison Topeka A Santa Fe RR. Co., and the two properties thus
consolidated. See V. 42, p. 630. An abstract of both mortgages was
given 111 V. 45, p. 241.
For the year 1885 the gross earnings wore $1,916,96 1; net, $517,293.
Balance
—(V. 43,
p.
241.342.)
Hannibal Sc St. Joscpli.—Owns from Hannibal, Me., to St. Joseph,
Mo.. 206 miles; branches—Cameron to Kansas City 54 miles; St. Joseph
to Atchison, Kans..21 miles; Palmyra to Quincy Hi.» 14 miles; total,
operated. 295 miles.
The company was
chartered Feb. 16. 18 47, and road completed to St.
Joseph in Feb., 1859. The branches were built under different organiza¬
tions. The Bridge across the Missouri River at Kansas City is owned.
Missouri,
followed.
Tho company received $3,000,000 in bonds from the State of
which loan was repaid in cash in Juno. 1881, but litigation
The U. S. Circuit Court decided tile further sum of $476,049 to be due
the State, and the ease is yet pending on appeal.
The land grant
been practically closed out.
In May, 1883,90,0 )0 shares of common stock and a large
ot preferred were sold to the C. B. At C£. RR. Co. at 45 for the common
and par for the preferred, payable in C. B A Q. 5 per
par
bus
amount
cent bonds at
INVESTOR’
SUPLEMNT.
[Vol.
xlv.
September, 1887.]
S3
RAILROAD STOCKS AND BONDS.
MAX*
OF
TUE
ILLINOIS
CENTRAL R. R.
AND
CONNECTIONS.
SUPPLEMENT
INVESTORS’
54
Subscribers will confer a great
[VOL. XLV,
favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Amount
Par
Rate per When
of
of
Where Payable, and
Cent.
Whom.
Road. Bonds Value. Outstanding
Payable
1 Bond s—Princi
For explanation of column
on tirst page
headings, Ac., see notes
of tables.
Hannibal d St. Joseph—Common stock
Preferred stock (7 p. c. yearly, not cumulative).
Consolidated mort. (for $8,000,000)
Bonds Quincy & Palmyra RR
Bonds Kansas City A Cam. RR
Hari'isb. Portsm’th lit. Joi/ d- Lane.—Stock
1st mor., registered (extended 30 years in 1883).
Harrisburg d Potomac—1st mortgage, coupon
Hartford d Connecticut Western—Stock
let mortgage
295
292
292
Housatouic—Stock
Preferred stock
127
1881
15
53
54
54
38
108
104
....
100
1,000
....
1853
1874
Rolling stock certificates
Roust. East d: West Texas.—1st M., gld ($7,000 p. in.)
2d mort., land grant ($5,000 per mile)
Houston d Texas Cent.—1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold,Waco A N’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Consol, inert., lend grant, Waco A Northwest
Gen. mort., gold (for $18,500,000)
Huntingdon d Jiroad Top— 1st mort., gold
2d mortgage, gold
3d mortgage consolidated
Scrip for interest 1st and 2d mortgages
50
500 Ac.
100 Ac.
100
1883
1,000
1869
100
100
500 Ac.
192
192
345
119
58
464
58
522
64
64
64
1880
500 Ac.
1878
1883
1866
1.000
1,000
1870
1873
1872
1875
1881
1854
1857
1865
....
....
)
Illinois Central—Stock
Leased line 4 per cent stock, guar
5
Mortgage bonds, sterling
Sterling bonds, (sinking fund £20,000 yearly)
2,355
706
706
(
....
( • --1875
1874
Nil.
416,000
367,500
1.497,000
121,181
40,000.000
10,000,000
2,500,000
3,900,000
Harrisburg Portsmouth Monnt Joy Sc Lancaster.—Owns
Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
the bonds.
{rears
merest
the rentalas being
7 ofpermain
on ofthePeunsylva
from Jan.
1, 1861,Operated
centlino
stock and
a part
on
nia Railroad.
Harrisburg Sc Potomac.—Owns from Bowmansdale toShippens
bury, Pa., 32 miles; branch to mines.
miles; total operated, 37^
miles. Extensions projected from Bowmansdale to Harrisburg. Bonds
authorized, $1,800,000. Stock $379,165. Thomas W. Ahl, President,
Boiling Springs, Pa.
Hartford Sc Connecticut Western.—Hartford, Conn., to Rhineclitt, N. Y., 10s. Foreclosure suit was begun in 1880 against the former
Conn. West., and the State Treasurer took possession. On May 25, 1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeck
Connecticut Railroad
was made.
In August. 1*87, Jas. W. Ilusted, of N. Y., was elected
President, and this road was reported then as probably 'orining a part
of the loute to connect, with the Poughkeepsie Bridge at:d form an all¬
Gross earnings 1884-85, $307,924;
rail route across the Hudson River.
deficit, $9,811. Gross in 1885-86, $34*,964; net, $93,975; surplus over
Interest, Ac., $55,027. (V. 44, p. 308 ; V. 4o, p. 166, 212, 239.)
Housatouic.—From Bridgeport. Conn.,, to State Lino,
Mass., 74
miles; Brooklield June, to Danbury, 6 miles; leased—Berkshire Railroad,
22 miles; West Stockbridge Railroad, 3 miles; Stockbridge A PittsHeld RR., 22 miles; total, 127 miles. The preferred 8 per cent stock was
Issued in 1845 to pay for laying the road with heavy iron. There are
also $150,000 6 per cent equipment bonds due Feb. 1,1888, and $70,000
5 per cent Danbury branch bonds due October 1, 1912. In Sept., 1886,
the Housatouic leased the Danbury & Norwalk RR. for 99 years. Opera¬
tions and earnings tor four years past were as follows;
—(V. 43, p. 331- 774
;
Net
Div. %
Earnings. Rentals. Pref.
$252,251 $74,107
8
74,095
8
229,121
249,632
74.1Q2
17,296,373 690,016
240,610
V. 44, p. 681; V. 45, p. 53.)
74,100
5
6
Houston East Sc West Texas.—Owns from Houston, Tex.,
to Sabine Rivet at Logansport, 192 miles, and connects there with a line
to Shreveport, La.
(Narrow gauge, 3 feet.) The company had a Texas
land grant of 10,240 acres for each mile constructed and equipped.
Bonds issued to the extent of $7,000 per mile first mortgage and $5,000
per mile second mort uige, but tlio 2d mortgage bonds wore not sold
and are held as collateral for the debt due Mr. Bremond, $750,000.
Stock authorized, .$10,000,000; issued, $1,920,000.
In July, 1885, M.
G. Howe, Assistant Superintendent of the Houston A Texas Central,
was appointed receiver of this company.
Interest is in default, and
the prop* sit ion made to bondholders was in V. 44, p. 244.
(V. 43 p.
131, 547; V. 44, p. 244.)
Houston Sc Texas Central. (See map of Southern Pacific .)—Owns
from Houston, Tex.., to Red River City, Tex., 345 miles; branches
—Hempstead. Tex., to Austin, Tex., 118 miles; Bremond,,Tex., to
total operated, 520 miles. Texas Central RR.
completed from Ross to Albany, 177 miles, with branch, Garrett to
Robert, 52 miles, is opera’ed in connection with this road, hut accounts
are separate.
The company h is a land grant from the State of Texas
of 10,2 40 acres per mile, amounting to about 5,130,720 acres; but the
lands are not on the line of the road. Mr. Morgan, of the Louisiana
Steamship Jane, bought a controlling interest in the stock, and in
February, 1883, the Southern Pacific party purchased this interest
($3,985,500 of the stock) with their purchase of the Morgan property.
Total stock is $7,720,900. The general mort. of 1881 for $18,500,000
Ross, Tex., 57 miles;
is made to t he Farmers’Loan A Trust Co. as trustee, which company
holds $1.50i».ooo Income and Indemnity bonds and $1.119,000 consol,
mortgage bonds
as security.
due January 1, 1885, on first mort. bonds were not paid
by the Co., hut were partly purchased by the Southern Development. Co.
The 1st mort. is a first lien on the main line at the rate of $20,000 a mile,
covering 3-15 miles of road ; it is also a first lien on ten sections of land
The coupons
for each mile, or 2.20-,000 acres. The second mortgage at 8 per cent,
is a second hen on 463 miles of road and also a first lien on six sections
of land for each mile :■!' road, being 1,777.920 acres in all.
In Nov., 1886, a ;onn d sale of certain lands was made as required by
the grant. (See. V. 13, p. 514, 579.)
In February. 1885, B.G. Clark and Clias. Dillingham were appointed
3
6
J.
July 10, 1887
July 1, 1913
.
Jan.
Dec.
-
A
J.
....
A. A 0.
M. A
J. A
J. A
J. A
J. A
g.
g.
g.
g.
A. A
M. A
A. A
A. A
F. A
A. A
J. A
M. A
J. A
A. A
A. A
g.
g.
g.
3*2
2
6 g.
5 g-
1, 1904
1, 1882
Hartford,
July 1, 1903
Bridgeport A Boston
Bridgeport, Olliee.
July 1, 1889
do
do
(?)
do
do
1910
April 1, 1910
N. Last coup’11 pd.May, ’86
J.
J.
Last paid July, 18*4
Lost paid July, ls84
J.
Lest paid July, 3884
J.
0.
Last paid Oct., 1884
N.
Last paid Oct., 1884
0.
O.
Philadelphia, Olliee.
do
do
A.
do
do
0.
D.
do
do
S. N. Y-., 214 Broadway,
do
do
J.
London.
O.
O. London,Morton R.A Co.
1889
1898
Jail. 1, 3913
July 1. 1891
July 1. 1891
July 1. 1901
Oct. 1, 1913
May 1, 1912
April 1, 1925
Sept. 30,1890
Feb.
1.
1895
April 1,
Dec. 1,
Sept. 1,
July 1,
April 1.
April 1.
1895
1889
1887
1887
1895
1903
-
receivers in a suit of the Southern Development Co. against the railroad,
and receivers’ certificates were issued.
In January, 1886, foreclosure
-
proceedings
begun under the first mortgage, and the first mortgage
put in possession of the property as receivers
with Mr. Dillingham.
The latest proposal for reorganization, Ac., was in V. 44, p. 653.
The following is the statement of gross earnings, operating expenses,
amounts charged to renewals and betterments, and gross interest charges,
in each of the past four years.
were
trustees were afterwaids
EARNINGS, EXPENSES AND CHARGES FROM 1882 TO 1885 INCLUSIVE.
from
15,795,565 $735,492
14,875,414 676,759
14,890,424 645,859
A J.
5
5
7
6
7
7
7
8
8
6
7
7
5
7
1,140,000
100
100.
£200
£200
J.
300,000
200,000
4,046.000
....
5
Feb. 15, 1883
Mar. 1, 1911
Jan. 1, 1892
Jan. 1, 1892
lLj
1,344,000
(?)
6,154,000
2,271,000
1,000
A
A
A
A
A
A
A
4
4,305,000
stocks—Last
Dividend.
by
A. N. Y., Corupanv’s Cilice
8. N.Y., Bk.of No. America.
do
A.
do
do
do
J.
J.
Phila., Co.’s Olliee.
do
J.
do
J. Phila., Third Nat. Bk.
F.
M.
F.
J.
J.
•T.
J.
100.000
500
500
308.)
Freight (ton) Gross
Mileage. Earnings.
507,200
2,550,200
610,000
820,000
1,180,000
300,000
1,000
noii-cumulativo dividend ot 7 per
share. Fiscal year ends Dec. 31.
The income accounts have
Annual election occurs in November.
shown a surplus over all charges of $68,210 in 1886; a surplus of
$506,152 in 1 s85; a surplus of $415,168 in 1884; a surplus of
$353,698 in 1883, and a surplus of $39,810 in 1882 after paying
$330,395 for a tJLj per cent dividend on preferred stock. (V. 43, p.
Passenger
700,000
1,000
1,000
1,000
1,000
1,000
Preferred stoelc haw prior right to a
cent; then common to 7; then both
Years.
Mileage.
1882-83.... 8,794,731
1883-84.... 9,265,561
1884-85.... 8,835,567
1885-86.... 9,890,020
1,076,000
1,182,550
....
....
....
3
5 A 6
8
10
3
4
7
433,000
....
1867
127
2d mort. bonds of 1869
B< nds
Consolidated mort.. reg
$9,168,700
5,083,024
6.643,000
$100
....
-
pal,When Due.
-
1883.
1884.
1885.
1886.
$3,251,875
$2,547,817
$2,739,915
$3,080,7.6
Expenses—
Operat’g, iucl’g taxes.$1,713,771
Extraordin’y rep’s, Ac
687,39 2
Equipment
95,393
$1,578,190
549,699
92,221
$2,052,377
$2,311,205
$2,220,110
$2,212,559
$327,737
$527,3^6
$86,130
$22,4 IS
39,888
45,698
38,462
$459,238
$650,177
Gross
earnings
Total
Net
Int.
Int.
$2,526,562
$725,313
$62,39 4
40,697
earnings
on floating debt..
A prin. State debt.
Surplus income.
$622,220
$201,718
Int.
1,193,200
1,193,200
on
bonded debt p’d
77,192 )
82,989 5
^ ™
$2,390,039
$690,757
$2,118
Def. onint.forbond.d’t
$570,979
$991,481
(V. 43, p. 102, 131, 309, 515, 547, 579, 716; V. 41, p.
653, 681, 751.)
-
Huntingdon Sc
Mi.
22, 184, 526,
Broad Top,—Owns from Huntingdon, Pa., to
Dallas, Pa., 45 miles; brandies—Slump's Run, 9
miles;
Six
Mile
Run, 4 miles; and Sandy Run, 3 miles; Long’s Run Br., 3 miles;
total operated, 64 miles. Tills road was opened in July, 1856. The capi¬
tal stock is $1,36:),050 common and $1,985,300 7 per cent pref. stock.
In February, 1884, a dividend of 75 cents per share was paid on pref.
stock, and in July, 1887, 2 per cent. Earnings in 1883, $424,494; net,
$196,651. In 1884, earnings. $333,560; net, $175,724. In 1885 gross
earnings $371,001; net, $191,709. In 1886, gross, $379,375; net,
$222,736. (V. 44, p. 18 4.)
Illinois Central.—(See Map.)—Line of Road—Oh Dec. 31, 1886
the mileage was; Main line—Chicago to Cairo, 365miles; East Dubuque
to Centralia, 341 miles.
Branches—Otto to Normal, Ill., 79 miles;
Buckingham to Tracy, Ill., 10 miles ; Kempton Junction to Kankakee
June., Ill., 42 miles ; Gilman to Springfield, 111 miles; Park Site to South
Chicago, 5 miles; total in Illinois, 953 miles. Southern Division—New
Orleans, La., to Cairo, Ill., 548 miles; branches: Durant. Miss., to Aber¬
deen, Miss., 108 miles; Jackson to Parsons, Miss., 115 miles; Schula to
Durant, Miss., 24 miles. Total owned, 1,747 miles. Leased—Dubuque
to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 183 miles; Waterloo
to Minnesota State Line, 76 miles.
Total leased, 402 miles.
Total
operated Dec. 31,1886, 2,089 miles. Iu Jan., 1887, took possession of the
road Champaign to Havana, with branch from Monticello to Decatur,
130 miles, and the narrow-gauge road West Lebanon., Ind., to Leroy,
III., 76 miles, making total operated after January, 1887, 2,355 miles.
Under construction: Chicago Madison A Northern. Freeport, Ill., to
Madison, Wis., and Chicago to Freeport, about 170 miles.
Organization, Leases, Ac.—This cojnpany was chartered in Decem¬
ber, 1850, and organized in March, 1851, and the whole road, 707
miles, opened September, 1856.
The Illinois Central was one of the.
tirst, and has been one of the most successful, ot the land grant roads.
lands
The
granted were upon the condition that the company
should pay to the State 7 per cent of gross earnings yearly in lieu of
taxes. The Springfield Division was acquired
A Springfield (Gilman Clinton A Springliel l
by a lease of tlieChicago
foreclosed for 50 years,
but road is practically owned. The leased lines in Iowa wrere acquired
in 1887 by purchase of a controlling intere.-t in their stock.
The
company acquired a controlling interest in the Chicago St. Louis A
Now Orleans Railroad, to which it made large advances.
From July
1, 1882, leased the Chicago St. Louis A New Orleans for 400 years,
at 4 per cent per annum on stock and issued the above 4 per cent leased
line stock, iu exchange for the Chic. St. L. A N. O. stock.
Fiscal year
<'iids Dec. 31.
Annual election held iu March.
Stocks and Bonds—The 4 and 3 l? percent bonds due in 1951 are under
the old main lino mortgage of 1874. and this comp.m3’ was the lirst to
negotiate at par a 3^ per cent bond. Ou the Chic. St. L. A N. O. the lessee
guarantees the principal and interest of all tin; outstanding bonds prior
to the 5 per cent bonds, and by an endorse:meat ou the latter bonds
guarantees the payment of the interest ou the same until the principal
is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
that portion of the road in Tennessee.
The trust bonds of 1886 aro
secured each oil: by a doposit of a $1,000 bond of the Chic. St. L. AN.
O consol. 5 per cent mort. and they also have the agreement that they
shall be secured by any future mort. that may be issued ou tlio III. Cent,
lines."
The company issued $10,000,000 new
of June 1, 1887, the proceeds to be used
lines in Iowa for construction, Ac.
stock at par to stockholders
for acquisition of the leased
September,
1887.]
RAILROAD
STOCKS
AND
BONDS.
55
Subscribers will sourer a great
Date
Miles
of
ot
Road. Bonds
lllinois Central—( Continued)—
Mortgage bonds, gold, coup., may bereg
Mortgage bonds, gold, coup,, may bereg
Trustoondssterl’g,(securedby Ch.S. L.& v.O. cons.)
Bonds, coup ., mortgage on Ch. 6l Sd. RK
Bonds, reg., mortgage on Middle Div
Ohio.St Louis & N.O., 2d M. (N. O.J.& G. N.)....
•
•
111
131
224
567
567
567
19
6
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for $18,000,000)
Illinois A St. Louis— 1st mortgage
Venice «fe Carondelet mort., guar
Indiana Bloomington it West.—Stock
1st mort., preferred, coup, or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
Sinking fund debentures
Indiana Illinois <t Iowa—Bonds
•
1879
1879
1879
1881
1879
1881
1883
1882
1883
1869
1882
1867
1870
1876
202
202
202
342
202
140
....
120
120
72
72
117
117
153
184
184
..
2d mortgage, reg
in 3 series
$2,000,000, gold, (end. by C. C. C. & I.).
Indianapolis A St Louis—1st mort.,
Indianapolis <t Vincennes— 1st mortgage, guar
2d mortgage, guaranteed
Indianapolis <t Wabash—1st mort., gold
-38*3
38*2
$500.000)
Dividends paid since 1870 (prior to current year)
1869
1876
1877
Amount
Outstanding
1,000
£200
1,000
1.000
1,000
80,000
-
15,030,000
20 ,0 0
300,000
10,000,800
1,000,600
3.500,000
72,300
4,688,600
1,500,000
3,000,000
500 Ac.
1,000
1.000
500,000
600,600
1,000,
500
341,000
2,000,000
1,000
1,000
500,600
500 A c.
1,700.000
1,450,000
1,806,000
4,600,000
2,800,000
400,600
498,090
1,000
1,000
100
500 Ac.
100 Ac.
100 Ac.
'
5
8
7
6
5 g.
8
6
1,398,000
1,000
have been: in 1871,
6
1.483,000
500
100
100 &c.
500 Ac.
100 Ac.
5 g.
4 g.
3*3 g.
3*3 g.
968.000
1,000
1,000
1,000
1,000
Rate per
Cent.
$1,000,000
1,500.000
2,496,0001
5,o00,000
1,600,000
$1,000
188Q-2
543
Size or
par
Value.
£200
1875
1886
1886
1886
1877
1881
1860
1877
1877
1881
1*75
706
706
706
Mortgage, sterling
Iowa Falls <t Sioux City—Stock
1st mortgage. April 1, ’69
Ithaca Auburn & West— 1st mort. (for
2d mortgage, (income for 3 years)
discovered In these Tables.
INTEREST OR DIVIDENDS.
explanation of column headings, &c., see notes
on first page of tables.
Mort for
[Yol. XLY.
favor by giving Immediate notice ot any error
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
56
"i'
4 to
6
6
4 to
6
6
6
6
7
6
7
6
7
When
& D. London.Morton R. A Co.
& J. New York. 214 B’dway.
& J. N. Y., 214 Broadway
& D. London,Morton R.A Co.
N. Y., 214 Broadway.
A J.
do
do
& A.
do
do
& O.
do
do
& N.
do
do
& D.
do
do
& D.
St. Louis.
& D.
do
Various
....
g.
g.
g.
1*3
7
7
7
Indianapolis Sc
Stocks— Last
Dividend.
Dee. 1.
Jan. 1,
Jan. 1.
1905
1951
1951
July 1, 1950
Jan.
Aug.
1.
Oct. 1.
Nov. 1,
Deo. 1,
juue
1898
1, 1921
1890
1897
1907
15, 1951
1, 1895'
1900-’02
June
Corbin Bank’g Co Jan. 1, 1900
do
do
April 1, 1909
do
do
April 1, 1919
do
do
July 1, 1921
do
do
April 1, 1909
June 1, 1921
do
do
1903
do
do
Nov. 15, 1887
New York Agency.
Nov. 15, 1903
do
do
N. Y., Union Trust Co.
July 1, 1919
Nov. 1, 1912
N. Y.. U. S. Trust Co.
N. Y., Farm. L. A T. Co. Feb. 1, 1908
do
do
May 1, 1900
N. Y., 1st Nat. Bank.
July 1, 1906
A J. N. Y.,
A. & O.
.
6
and by
Whom.
J.
J.
J.
J.
J.
F.
A.
M.
J.
J.
J.
J.
6
Where Payable,
Pay’Die
Bonds— Princi¬
pal,When Due-
.
.
.
A. & O.
J. & D.
F. & A.
M. & N
M. & N.
Various
M. & N.
F. & A.
M. & N.
A. & O.
Q.-M.
Boston, at Office.
A. & O. N. Y., Nat. Park Bank.
J. & D. N.Y., Hanover Nat. Bk.
do
do
J. & J.
Sept. 1, 1887
Oct. 1. 1917
Deo., 1906
Jan.
1, 1907
St. Louis.—Owns from Indianapolis to
Terre
line, St. L. Al. & T. H. and branches,
miles. The old lease of the St. Louis
exchangeable A. & T. H. was guaranteed by tliree other companies, and suit has been
pending as to the rental. The company was formerly controlled by
the Pennsylvania and Cleveland Columbus Cin. *fc Ind. companies,
who jointly owned the stock of $600,000.
Interest had not been
1872, 119a) 140; in 1873, 90 '0)126*2; in 1874, 903>108*2; in 1875, 88*a
paid on the second mortgage and equipment bonds since July, 1878,
® 106*2; in 1876, 60^8 ^103%; in 1877, 40*2«>79; in 1878, 723s^87; in
and on July 28, 1882, the road was sold in foreclosure for $1,396,000
1879, 79*4®1003i; in 1880, 99*£@1273b; in 1881, 1240146*2; in 1882,
(subject to 1st rnort.) and bought for Clev. Col. Cin. & Ind. Co. and a
1273t®150*a; in 1883,124 ® 148; in 1*84, 110/7140; in 1885, 1198.
new company organized September, 1882, with J.
H. Devereux as
'©140; in 1886. I30'a>1431e; in 1887 to Sept. 16, 117 ex 0138.
President. A new lease was made of the St Louis Alton & Terre Haute
Operations and Finances.—The Illinois Central for many years paid
10 per cent dividends, as the road drained a rich territory, of which it by which this company and the Cleveland Columbus Cincinnati & In¬
are jointly liable for the rent of $450,000 per year as a mini¬
was the only outlet to Chicago.
But the building of numei ous east and dianapolis
Of the first mortgage bonds series “A” are J. <fe J.; series “B, *
west lines crossing its road cut into its business severely
The company, mum.
M. & 8.; series “C,” M. & N.; and the C. C. ,C. & I. RR. guarantees
to extend its business, acquired the line from Cairo to New Orleans,
and invested largely in improving the prpperty, and in 1847 acquired $750,000 of Them.
There has been a large deficit on the company’s operations after de¬
the leased lines in Iowa by purchase of iheir stocks.
ducting the rental. Net earnings in 1886 were $441,513; rental paid,
For 188t the annual report in V. 44, p. 307, 310, showed that the
surplus ver all charges (including construction and equipm’t accounts) $450,000; interest on bonds, $170,000; miscellaneous, $149,512; total,
net loss to lessee in 1*86, $324,999; detlcit in 1885, $560,anti 8 per cent dividends was 456,593.
The prolits of the whole line $769,512;
9o 1. The road is only'incidentally of advantage to its owners as a
are shown in the figures below :
in 1876,
10 per cent; in 1872, 10; in 1873, 10; in 1874, 8; in 1875, 8;
8; in 1877,4; in 1878,6; in 1879. 6; in 1880, 6; in 1881, 7; in 18s2.
7 ; in 1883, * and 17 per cent in Cliic. 8t. L. <fc N. O. stock,
for leased line cert ideates: in 1884, 10; in 1885, 8; in I8a6, 7*$. Price*
of the stock yearly since 1870 have been: in 1871, 132®139*2; in
route to St. Louis.
INCOME ACCOUNT.
R’d op’rat’dDoc.
31.
Receipts—
Gross earnings
Net earnings
Interest, Ac
Miscellaneous
Total
1883.
1884.
1885.
1886.'.
1,928
2,066
2,066
$
2,149
$
$
13,064,743 12,190,833
6,629,472
6,062,321
188,967
298,009
121,206
202,226
12,621,264
5,994,n35
$
12,529,494
270,627
65,966
5,988 796
313, 43
102,121
6,404,251
7,129,707
6,372,494
6,331,228
1,891,538
1,787.316
1,901,038
1,875,073
538,750
546,900
541,460
776,760
...
3,300,000
2,430,000
575,459
615,92b
Construction acc’is.
Add’t’l equip, ace’t..
Miscellaneous
Total
Balance, surplus
2,720,000
2,720,000
559,980
632,5z9
545.269
219.9*3
556,074
50,000
250,060
165, *38
6,972,797
156,910
5l8.8o9
-
-
60,807
122,443
6,234,566
6,331,178
6,395,661
137.928
50
8,593
—(V. 43. p. 190, 245, 607, 671; V. 44, p. 118, 149, 275, 291, 307, 310,
343, 494, 526. 539, 653, 808 ; V. 45, p. 142.) .
Illinois Sc St. Louis.—Belleville to Fast St. Louis, Ill., 15 miles
branclu s to coal mines, 4 miles; total, 19 rules. Leases Venice<fc Caron.
BK., 6 mites, and guarantees the bonds. Capital stock of III. «v St. Louis
is $900,000 pi eteriod and $017,000 common. Cross eat mugs in 18*485, $197,871; net, $32,264. Cross in lbS5-~6, $i 89,749: net, $**,(>67 ;
surplus «>ver all interest, $33,7ol. Jos. W. Branch, President, St. Louis.
Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased, Pekin to Peoria. 9 miles; Springfield to San¬
dusky, O., 130 miles; Cary, O., to Findlay, O., 16 miles; Springfield to
Columbus, 45 miles. Total operated, 543 miles. This was a consolida¬
tion in March, 1881, of the Ind. B. & W. and the Ohio Ind. & Pacific.
The Cincinnati Sandusky it Cleveland and branch was leased in April,
1881; but ot tins, 24 miles (Springfield, O., to Dayton) is leased to Cin¬
cinnati A Springfield.
In April, 1885, the lease of the Indianapolis
Decatur <t Spriiigtiehl road was given up. The former Indianapolis
Bloomington iV Western Company defaulted Oct. 1, 1874, and the road
was sold in foreclosure Oct. 30, 1878.
In July, 1886, a receiver was appointed for the I. P. it W.. as the
company was held liable fora larger lentalof the Pin. Sandusky it Clevelai.d road than had been expected; but the U. S. Circuit Court sustained
the decision and ordered the rental to be paid, and in Nov., 1886, a cir¬
cular was issued proposing a plan of foreclosure and reorganization.
On March 28, 1887, the road was sold at Indianap¬
reorganized pursuant to tho'plau, but this was delayed
by legal lormulities till January, 18^8.
For the year emlug June 30, 1886, see loport in V. 43, p. 546, gross
earnings $2,493,536; net, $839,783; disbursements, $919,497; deficit,
(See V. 43,
p.
579.)
olis and will be
Operations and earnings for five years past were :
Net
Gross
Passe nge
Freight (ton)
Earnings.
Earnings.
Miles.
Mileage.
Mileage.
Years.
$2,086,776 df. 111.608
202,985,772
265
21,068,318
1882
172,419
2,131,621
196,667,532
265
20,96 ,061
18*3...;
189,904
1,921,726
207,672,278
265
22,494.>*80
1884
249,249
1,855,903
216,121,867
265
20,596.678
1885
444,513
1,876,495
177,844,516
265
21,017,157
1886
Indianapolis Sc Vincennes. -Owns from Indianapolis, Ind.,
Vincennes, lud., 117 miles; branch, Bushrod to Dugger, 12 miles;
total, 129 miles. The Penn. Co. own.* a controlling interest in the stock
and operates the road, advancing the deficiency to pay interest on the
bonds. The capital stock is $1,402,000; tno debt due to Pen it. Co. Dec.
31, 1886, was $1,513,o07. In 1881 the net earnings were $10,260; in
1882, $19,850; in 1883, deficit, $11,031; in 1884, deficit, $9,570; in
1885, deficit, $5,847; in 1886, surplus, $26,298. Annual interest on
to
Disb ur semen ts—
Rentals, incl. mt. 011
bds. 01 leased lines.
Int. on Ill. C. debt...
Div’dson Ill C.stk. &
leased line certs
Taxes
Haute, Lud., 72 miles; leased
193 miles; total operated, 265
debt. $206,000.
Indianapolis Sc Wafoasli.—Owns from Decatur, [11., to Indian¬
apolis, lud.. 153 miles. This company is successor to ihe Indianapolis
Dec itur ifc Sp< ingtiel l RR., sold in foreclosure Mav 25. 1887.
The fore¬
closure was made in New York under the 2d mort., and the old stock
assessed $2 50 p* r share. The new capital stock is $4.240,0c0.
-(V. 43. p. 718; V. 44, p. 184, 211, 362, 682; V. 45, p. 239, 27 2.1
Iowa Falls A: Sioux City—(See Map of Illinois Central).—Owns
from Iowa Falls, la., to Sioux City, la., 184 miles. This road was opened
in 1870 and wa- leased to the Illinois Central for 20 years from Oct. 1,
1867, at a rental of 36 per cent of the gross earnings. The Illinois
Central had an option of continuing the lease after 1887 at same rental,
was
acquired the property by purchase of the stock, and the Iowa
iV tdoux City distributed to the stockholders, assets amounting to
$l,7 59,50t». For iLm eleven months ending Feb. ‘28, 1887, the total
but
Falls
rental was $213,998; receipts from sales Qf lauds, $326, >10; the total
net income was $769,604, and all expenses, including dividends. $010,.-
fund invested was $1,450,000.
(V, 43, p. 607; V. 44, p. 439.)
Ithaca Auburn Sc Western.-Owns from Freeville to Auburn,
N. Y., 38 miles. The New York & Oswego Midland RR., Western Exten¬
sion, was sold in foreclosure, and tins company' organized Sept. 20,
1876. The stock is $975,800. On April 1, 1883^ was leased to South¬
ern Central of New York for the term of its charter, at a rental of 3313
per cent of gross earnings, with guarantee that rental shall equal 4 per
cent on’fir.-1 mortgage bonds, in Nov., 1886, leased to Lehigh Valley
Foreclosure has been consented to by a majority
RK. with So. Central.
of bondholders in order to change the form of bonds to confoi u to the
106; balance. $159,498. The contingent
Horace Williams, President. Clinton, la.
the lease.
Jacksonville Southeastern.—Owns from Jacksonville to Centralia, la., 112 miles. This was the Jacksonville Northwestern A* South¬
eastern UR., projected from Jacksonville to Mt. Vernon. 125 miles. Bonds
were issued at $20,000 per mile, amounting to $600,000.
I11 1879 the
terms of
company'was reorganized by the bondholders under this name. Stock
$1,000,600. In year ending June 30, 1885 gross earnings were $158,703; net, $45,304; interest on bonds, $61,390; def., $16,0*5.
Gross
in 1885-6, $162,151: net, $57,780; interest on bonds, $70,212 ; deficit,
$79,714.
$12,463. W. S. Hook. Prcsid’t, Jacksonville, Ill.
For too year ended Dec. 31, 1885, the report in Chronicle V. 43,
Jacksonville Tampa A; Key West.—'(See map)—Line of road
p. 216, gave giossearniugs, $2,335,539; net,$717,107; add rental,earn¬
ings of C. S. it C. Railway, Springfield to Dayton, $80,642. Total avail¬ Jacksonville, Fla., to Saniord, 126 in.; Enterprise branch, 4*2 in. Deland
able revenue, $797,748. Payments: Rentals, $332,4 10; interest on
branch, 4m. Leased At. Coast, St. Johns** I. R., Enterprise to Titus¬
bonds, $530,000; other mu rest, $23,3*7; taxes. $S3,0O0; New York ville, 3.7 m.; operates Jacksonv. St. Aug. & Halifax, 37 ui.; Sanford &
ottice expenses and services, $15,593—total, $985,391; deficit under all
Lake Eustis KK., Sanford to Tavares, 29iu.; total operated, 237*3 m.
charges. $187,642. (V.43, p. 23, 49.102, 132, 216, 309, 398, 45S, This road forms a link 111 the Atlantic Coast line running from Jackson¬
515, 5 1G, 579, 634 ; V. 44, p. 90, 181, 2LI. 434; V. 45, p. 369.)
ville to Sanford. Florida, and via South Florida road to Tampa, whence
steamers run to Havana.
(See lull statement as to location, etc., in
Indiana Illinois Sc Iowa.—Completed and in operation from
Streator. 111., to Knox, ind., 120 miles. Stock, $3,598,000. Gross Chronicle V. 44. p. 681.). The road was opened March. 1886, and in
the year May 1. is*6. to May 1. 1887, the gross earnings on main line,
income in 1884-5. $113,315; net, $8,095; detlcit under charges, $20,850.
Gross in 1885-6, $123,089 ; net, $22,568. F. 51. Drake, President, Cen¬ 130*2 mile*, were $122,333 ; net, $124,414. The land grant is about
1,509,000 acres. The 1 onds may bo redeemed before maturity at 110.
tre ville, Iowa.
.
Subscribers will confer a
great favor by giving immediate uotlce of any error
explanation of column headings, Ac., see
on first page of tables.
notes
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
Outstanding
General mortgage
$1,000
$300,000
1,00-4
1,000
879.000
Jacksonville Tampa <& Key West—1st mortgage, gold 130*2
9
Jefferson (Pa.)—1st A 2dmorts. (Hawley Branch)..
38
1st mortgage (Susquehanna to Carbondale)
Jeffersonville Madison <£ Indianapolis—Stock
Jeff., Mad. A Ind., 1st M. (s. f. $15,009 per year).
do
2d mort
Jersey Oily <£- Bergen -1st mortgage
Joliet c£ Northern Indiana— Lst mort., guar, by M.
Junction (Philadelphia).—lst mort. (extended)
C.
2d mortgage
Kanawha <£• Ohio—1st mort. ($10,000 p. ra.)
Kansas Central—1st mortgage (for $3,200,000) —
Kansas Oily Belt— 1st mort, coup, (for $2,500,000)
Kansas City Clinton <£• Spring.lst M., gold, guar...
Pleasant Hill A De Soto, 1st mort., gold
Kansas City Fort Scott <£• Gulf—Stock, common
Stock, preferred
lst M., laud grant, sink fund, coup, may he reg.
Mortgage on branches, guar , coup, may be reg..
K;in A Mo. RR
do
Equipment bonds ($70,000
Ten-vear counmi notes
retired annually)
Memphis equipment bonds (guar.by K. C. S.A M.)
Current River RR., 1st mort.,guar.
Kentucky Central— Covington A Lex.,mort.,extend
Maysville Division mortgage
New mortgage, gold
Keokuk & Des Moines—lst M.,mt. guar. C. R. I. A P
Stock is
$2,GOO,000.
N. Y. office, 10 Wall St.
222
159
159
6
44
3-6
3-6
115
168
10
174
45
389
389
160
202
26
....
Kans. C. Memphis <£ Birm.—lst M. ($25,000 p. m.).
Kansas City Springfield <£ Memphis—lst mort
Plain bonds (red’ble at will at 105 and int.), guar
Amount
-
54
112
Jacksonville Southeastern—1st mortgage
do
250
282
....
....
81
80
50
220
162
1880
1882
1884
1867
1869
....
300,>)00
2,000,000
2,000,000
2,563,000
1,995,000
258,000
1.000
100
1866
1870
1873
1877
1882
1865
1886
1881
1886
1885
1877
1,000
....
....
....
....
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
....
1897
1878
1,000
1,000
•
4
7
7
5
6
6
5
6
6
6
5
5 A 6
7
5,700,000
6,971.000
500,000
423,000
1,620,(»00
•
....
1,000
1.000
1,000
219,000
400.000
6,600,000
100 Ac.
2,750.000
....
(V. 44, p. 6S1; V. 45, p.
6
6
6
6
5 g7 g.
2
390,000
490.000
320.000
....
•
41^
727,000
1,348,000
1,000,000
3,192,000
58,000
4,648,000
2,750,000
2,247,000
2.795,000
1.000
sylvania A’A'.)Owii8 froni Jeffersonvrlie, I.id., to Indianapolis, lud., 108
miles; branches—Madison, Ind., to Columbus, Ind., 45 miles; Colum¬
bus, Ind., to Sheibyville, Ind., 24 miles: Jeffersonville, Ind., to New
Albany, Ind., 0 miles; Shelby & Rush RR.. 18 miles; Cambridge Ex¬
tension, 21 miles; total operated, 222 miles. The road was leased to
Pennsylvania Company from 1873, with a guarantee of interest on
bonds" and 7 per cent on stock. Lease was modified from January 1,
not
offered,
are
to the Mich. Cent. Above
given as a compromise in
Stock ($300,000) carries dividends of 8
per
from Belmont, Pa., to Gray’s
Ferry, Pa.* about 4 miles It connects the Pennsylvania, the Phila¬
delphia A Reading and the Philadelphia Wilmington A Baltimore rail¬
roads, coming into Philadelphia. Capital stock, $250,000.
Net earn¬
ings in 188 2-3. $123,919; in 1883-1, $130,731; in 1884-5, $95,865; in
1865-6, $131,212. Large dividends nro paid according to receipts each
year.
In 188* paid 40 per cent, in 1885 20 per cent, in 1886 30 per
cent, and Apr
!. 1887, 25 percent.
Kanawlia 6c Ohio.—Coming, Ohio, to Charleston, W. Va., 115
miles, and to be extended to a point in Fayette Co., W. Va., in all 180
miles. The Ohio'Cent. Riv. Div. defaulted on interest Sept, ’83. and
was sold ()< t. 22, ’85, and this company organized and above bonds
issued. Bonds and stock of old company were assessed. (See plan, V.
40. p. 356 ) $200,000 ot the total of $1,800,000 1st mort bunds are re¬
served to ret iiv tin* loan <>n the Point Pleasant Bridge, and $111,’ 00 to
Common stock author¬
retire tin* Ohio Ct-nt. Mineral Div. bonds.
ized $2,200,000; lstpref., $6,000,000; 2d pref., $4,000,000. Office, 2
Wall st., New York.
Nelson Robinson, Vice-President. (V. 43, p. 132;
V. 45. p. 135.)
Kansa* Central.—Owns from Cbic. R. T. & Pac. June, to Milton vale, 166 miles; leased Leavenworth to Chic. R. I A Pac. June , 1 mile.
Sold under foreclosure of lirst mortgage April 14, 1879.
Reorganized
April, 1879; on April 1, 1887. default was made. Gross earnings in
1885, $268,059; del. $4t>,575; dcf. under interest, Ac., $127,455. Gr ss
earnings in I860 $217,673, def., $76,04 ; def. under interest, Ac.,
$159,404. Stock, $1,34*>,000. Union Pacific bolds $1,313,400 of thestock and $1,325,000 bonds. (V. 44, p. 494; V. 45, p. 53.)
KaiiwaM City «elt.— From Argentine to Washington Park, 10
mile*-. Stock is -r 09,0 <0. Owned one-half by Atchison Topeka A Santa
Fe, and one quarter each by Kans. City Ft. Scott A Gulf and Chic. Mil.
A St. Paul. Double-tracked and used for a terminal r- ad at Kans. City.
Kansas City Clinton 6c Springfield.—Owns from Cedar June.,
Kan., to Ash Grove, Mo., 164 miles, and branch Raynor Junction to
rieasant Hill, Mo., 10 miles; total, 174 miles. Road was built in tlie
interest of K. (’. Ft. S. A G. RR., which company guarantees the bonds.
In Jan., 1885. the Pleasant Hill A De Soto road, 4 5 miles, was purchased
from Atch. Top. A 8. Fe RR., the K. C. C. A S. Co. assuming the bonds.
Stock authorized, $2,">00,000; issued. $1,775,4 0, of which a majority
is owned by t lie Kansas City Fort Scott A Gulf RR.
Kansas City Fort Scott 6c
Gulf.—Mileage is as follows;
Main Line—Kansas City to Baxter Springs, 160 miles; branches—Weir
City to Clierryx alle. 50 miles; Arcadia to Coal Mines. 2 miles; Baxter
Springs to Webb City, 22 miles; Rich Hill Junction to Carbon Centre
and Rich Hill, 28 miles; Fort Scott Junction to Springfield, 100; Coalvale to Cherokee, 26. Total operated, Dec. 31, 1886, 389 miles.
In
October, 1884, the Pleasant Hill A De Soto road was purchased hy the
Kansas City Clinton A Springfield, and the bonds assumed.
This company was organized April 1, 1879. as successor to the
Missouri River" Fort Scott A Gulf, which was foreclosed February 4,
1879. The branches have been built mainly by this company and bonds
are guaranteed.
The Branch line 7 per cent bonds due Sept. 1, 19)0, are on the fol¬
lowing leased lines : Fort Scott Southeastern A Memphis. 103 miles, at
$15,040 per mile; Rich Hill Road, 28 mile-, at $13,435 per mile ; Short
Cre* k A Joplin Road. 22 miles, at $14,209 per mile. These bonds are
guaranteed, principal and interest, and nave a sicking fund or 1 pe.r
cent of whole issue annu lly, with which bonds are boight at 110 < r, if
do
do
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
N. Y., Farm. L. A T. Co.
do
do
O.
do
do
J.
J.
J. N. Y., Farm. L. A T. Co.
J. Phila., 233 So. 4th St
do
do
O.
J. lst coup, due Jan., ’89
O. Office, 195 Broadway.
Boston.
J
O. Boston, Merch’sNat.Bk.
do
do
O.
Boston.
A.
do
A.
D. Bost., Nat. Webster Bk.
do
do
S.
do
do
A.
do
do
D.
.
July 1, 1910
July 1, 1912
Jan. 1, 1914
1889 A 1927
Jan. 1, 1889
May, 1881
1, 1906
July 1, 1910
Jan. 1, 1903
July 10, 1907
July 1. 1907
April 1, 1900
Jan. 1, 1936
April 1, 1911
July 1, 1916
Oct.
Oct.
Oct.
1925
1,
1, 1907
Aug. is, 1887
Aug. 15, 1887
June 1, 1908
Sept. 1, 1910
Aug. 1, 1922
Dee. 1, 1893
1895
M.
M.
M.
J.
A.
J.
J.
J.
A.
Boston.
A S.
A N. Boston. Nat. Union Bk.
A N.
A D.
Boston.
■»
A O.
A 1). Kentucky Central RR.
A J N. Y.. Morton. B. A Co.
New York Citv.
A J.
A O. N.Y., 13 William street.
Mob.
•
1,
May 1,
May 1,
Dec. 1,
1927
1923
1894
1897
1927
June. 1890
1906
Julv 1, 1987
Oct.
1. 1923
Memphis Kansas A
mile, without sinking fund. The
equipm* nt bonds may be paid off at. 105 on 60 days’ notice.
The Kansas Citv Clinton A Springfield bonds are guaranteed by Kans.
City Fort Scott A Gulf. (See V. 39, p. 234.)
In 1886 the K. C. C. A S. failed to earn its interest by $52,000, which
was advanced by this companv, but the gross earnings or the Kans. C.
Ft. 8. A G. were increased $89,3 >4 by interchange of business with the
other road. The gross earnings from business interchanged with K. C.
S. A W. was $743,1 *'2.
The annual report for
432, showing the following
1886 was in V. 44, p.
earnings and income account for four years:
INCOME ACCOUNT.
Keeeipls —
Total income
main line.
Road opened in 1854 and leased
issue of bonds definitely guaranteed was
Stocks— Last
Dividend.
J, N. Y., Am. Ex. Nat. Bk.
do
do
J.
J. N. Y. Mercan. Trust Co.
J. N.Y.,N.Y.L. E. A W. RR.
drawn at 105; also the bonds of
244; net. 357,775.
Jersey City 6c
N. J., 0 miles.
In
dividend and sink’g fund, $55,000. In 1880. gross, $411,062; net*
$102,381. Stock, $500,000. Dividends 7 per cent in 18s0. C. B. Thurs¬
ton, President, Jersey City.
Joliet 6c Northern Indiana.—Owns from Joliet, Ill., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
$1,319,1885, gross earnings $1,21 .,088; net, $291,106.
Bergen.—Owns from Jersey City to Bergen Point*
1885 gross earnings, $3i>2,972; net, $115,377; iut.*
Payable, and by
Whom.
Colorado RR., 26 miles, at $15,000 per
1880, the lessees to pay over all the net earnings of the .1. M. A I.
Co. The Pennsylvania Company owns $1,981,000 of the stock.
dends were at the rate of 7 per cent per annum till May, 1880. Earn¬
ings for two years past were as follows: 18s0, gross earnings,
Divi¬
A.
J.
J.
J.
J.
A
J.
A.
J.
A.
A.
F.
F.
J.
M.
F.
J.
4 £•
5
Total gross earns
cent pci* annum.
Junction (Philadelphia).—Owns
Botids—Princi¬
pal, When Due.
Q.-F.
l1*
300.000
1,000
•
J. A
J. A
J. A
4*a A 7 J. A
J. A
7
7
7
7
7
Where
When
Payable
6
6
6 g-
800,000
425.000
100 Ac.
1879
’80-’84
1,000
1882
1,000
1883
lc87
1883
1884
1885
1887
1855
Rate per
Cent.
1,566,000
1,000
25, 53.)
Jefferson.—Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley, Pa., to Honesuale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie A West.
Capital
stock, $2,090,050. Samuel Hines, President, Scranton. Pa.
Jeffersonville Madison 6c Indianapolis.—(Sec Map of Penn¬
place of old.8 per cent bonds.
discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
57
RAILROAD STOCKS AND BONDS. '
September, 1887.J
Net
1884.
$
2,016,212
$
2,422,443
1,014.759
27,395
$
2,546,525
988,218
1,042.145
988.218
1,066,321
173.203
184,003
$
166,081
$
162,516
20 4,123
25,099
76,212
$
177,236
214,187
111.477
837,663
earnings.
Interest, Ac
837 668
$
Disbursements—
Interest on bonds
Leased lines interest..
K. C. 8. A M. proport’n.
Ft. Scott equip, bonds.
Dividends
Rate
paid
on com
475,576
336,156
3
5
8
767,450
Total disbursements.
Balance
102,661
359,364
24,360
1,421
Sinking fund
Miscellaneous
sur.
70,218
$
2.539.338
1,063,811
2,510
213.078
109,625
116.951
8
pref....
Do
1886.
1885.
1883.
103,250
405,880
4
21,176
8
22,300
384
3,805
1,046,213
964,461
sur.23,707
def. 4,068
8
22,300
1,034.330
sur.31,991
—(V. 44, p. 184, 432 )
City Memphis 6c Birmingham.—This road is under
and nearly completed (Oct,., 18*<7) 250 miles southeast
from Memphis to Birmingham, Ala. Three corporations in three States
were consolidated under this name.
Bonds for $25,000 per mile are
issued. The K. C. S. A M. owns half the stock and gives a traffic guaran¬
tee of 10 per cent of gross earnings derived from busine s to and from
the new road, to be applied firs? to tiie payment of any deficie cy in the
The bonds may be drawn or
interest, and second to retbe the bonds by.
bought at 110. (V. 4), p. 217; V. 44, p. 275.)
Kanaag
con-t uctifii
City Springfield A: Mempliig.—This organization em¬
corporations under the laws ot Missouri and of Arkansas to
build a road from Springfield, Mo., to Memphis, Tenn., 282 miles.
Current River RR.,from Willow Springs, Mo., to Cairo, 81 mil s. The
Kansas
braces two
of
Kansas City Fort Scott A Gulf appropriates 15 per cent
gross earn¬
ings on business to or from the new road to pay—first, any deficiency
in the interest on bonds, and second to retire the principal at 1 to. Capi¬
tal stock, $5,264,500.
The equipment bonds ate retired 1-12 annually,
and all may be retire l at 105 at any time.
'The Current River RR.
bonds
guaranteed and were issued as per circular in V. 44, i*. 246. The
report for 1886. in V. 44, p. 585, showed gross earnings of $1,5- 9,708,
and net, $480,709 ; also, $131,175 traffic guarantee received.
(V. 44, p.
are
246. 585.)
Kentucky Central Ball way.—Owns from Covington, Kj;„ to
Livingston Ky., 154 miles ; Paris to Lexington, 19 miles; leases Paris,
Ky., to Maysv'ille. Ky., 49 miles; Richmond to Stanford. 34 miles; total
operated, 253 miles. This was formerly the Kentucky Central Railroad,
which was sold in foreclosure April 23, 1887, and the present company
organized, with stock of $7,000,000. See abstract of mortgage, V. 45,
n. 372.
The Co. leased of the Louisv. A Nashville RR. its Richmond
branch for 99 years from Jan. 1, 1883, for $24,000 per annum, with a
right to purchase at any time for $400,000. The stock Is $6.60O.000.
From January 1 to July 31, in 1887 (7 months) gross earnings were
$564,300. against $485,405 in 1886; net, $220,584, against $160,403.
INCOME ACCOUNT.
Total gross earnings
Net receipts
1884.
1885.
1886.
$922,107
$318,487
$817,071
$309,621
$420,698
$332,325
$62,074
$61,210
255,250
$55,045
256,880
50.402
69,853
33.529
Disbursements—
Rentals paid
Interest on debt
Taxes and miscellaneous
Total disbursements
Balance
I Interest not deducted.
—(V. 43, p.634,746,774; V.44,p
$369,356
def. 50,869
$386,313
$88,574
def. 76,692 surf 243,751
211,369, 551, 653; V. 45, p. 112.372.)
Keokuk 6c Deg Moines.—Owns from Keokuk, la., to Des
la., 162 miles. This was a reorganization, Jan. 1, 1874, of
Moines,
the Des
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The pn*ftty was leased for 45 years from Oct. 1, 1878, to the Chicago
Rock Isljjfnd A Pac. RR. on the terms following : that the lessee pay 25 per
cent of
the gross earnings to this company,
but guarantee the interest
SUPPLEMENT.
INVESTORS’
58
Subscribers will confer a great favor
by giving immediate
explanation of column headings, &c., see notes
on first page of tables.
For
INTEREST OR DIVIDENDS.
Date
Size, or
Par
of
Road. Bonds Value.
Miles
of
Keokuk <6 Western—Note secured by mortgage
143
Kings County Elevated—1st mortgage,
Kingston A Pembroke—1st mort
134
gold........
Lackawanna & Pittsburg—Mortg.
Income bonds
(for $2,000,000)
Allegany Cent., 1st inort., gold,
payable at 105...
2d mortgage, gold
Income mort., not cumulative
do
do
Lake Erie
Western—Common stock
.
f.9‘2
592
592
Preferred stock, 6 percent (not cumulative)
1st mortgage, gold ($10,000 per mile)
1,340
Lake Shore dt Michigan Southern—Stock
Guaranteed 10 per cent stock
864
Consol. 1st mort., (sink, fund, 1 per cent) coupon.
do
do
do
registered 864
864
a.
do
do
do
864
Consol. 2d mort., do. (for$25,000,000) coup.& reg
258
Lake Shore dividend bonds
95
3d mortgage (C., P. A A. RR.) registered bonds..
88
Buffalo A Erie, mortgage bonds
62
Det. Monroe & Tol., 1st mort., coup., guar
37
.
Kalamazoo A White Pigeon, 1st mortgage
58
Kalamazoo Allegan A Gr. Rapids, 1st mortgage...
Kal. Allegan & Gr. Rapids, stock, 6 p. c. guar
51
Jamestown A Franklin, 1st mortgage
51
Jamestown & Franklin, 2d mortgage
Lawrenee—Stock
1st mortgage
Lehigh dc Hudson Hirer— 1st mortgage,
Warwick Valley, 1st mortgage
gold
2d mortgage
do
Lehigh <& Lackawanna— 1st & 2d mortgages
nor
the
principal)
on
the m-cvent bonds.
1885
1882
22
17
41
22
22
25
1883
1881
1882
1882
...
1,600
_
^
'
1887
1,000
1863
1869
1.000
50
400,000
840,000
610,000
298,000
500,000
500,000
1865
1881
1879
1381
1877
1,000
314,000
1,000
800,000
145,000
6
240.000
6
600,000
7
500 Ae.
1.000
1,000
The stock is $1,524,600 of
8
paid by lessee.
Last paid July,
Last paid Oct.,
J.
1884
April 1, 1923
April 1, 1923
Jan. 1, 1922
1884
1, 1912
Jan.
....
....
Co. Jan. 1, 1937
N.V.,Grand Cent.Offlce. Aug. 15, 1887
do
do
F. A A.
Aug. 1, 1887
C J.AJ. 1
July 1, 1900
July 1, 1900
1 Q-J.
J.
J. N. Y., Central Trust
A
Q.-F.
•
•
5
7
7
7
7
7
7
8
3
7
7
2
7
924,000
1,000
A
-
920,000
2,784,000
....
At will.
1325
1912
Jau’ary
7
1,356,000
1,000
1,000
1,000
„
•....
5 g.
2
5
849,000
24,692,000
500 Ac.
J.
....
115,091,000
1,000
1,000
1,000
1,000
1,000
...
....
11,840,000
5,920,000
49,198,400
533,500
1,000
100
100
1870
1870
1870
1873
1869
1867
1868
1876
1869
1868
6
6
6
6 g.
6 g.
6
11,840.000
100
100
Stocks—Last
Dividend.
Where Payable, and by
Whom.
J. A J. N. Y., Am. Ex. Nat. Bk.
J. A J. N.Y..R. P. Flower A Co.
A. A 0. Last paid April, 1884
g.
59,000
36,000
500 Ac.
Payable
-
pal,When Due.
7
281,000
_
When
Rate per
Cent.
$300,000
3,500,000
572,000
1,642,000
800,000
$1,000
1,000
percent preferred and $2,600,400 of common, a majority of which is
held by the lessee. In the year 1885-86 gross earnings were $458,050,
and rental, at 25 per cent, $114,512, leaving $22,987 deficit on theinterest charge
Amount
Outstanding
....
62
62
Tables.
Bonds—Prrnei
notice of any error discovered In these
-
DESCRIPTION.
[Vol. XLV.
A
A. A
A. A
A. Sc
F. A
J. A
J. A
A. A
J. A
J. A
J.
Treasur’r at Gr’nd
Central Depot, N.
,
A
J. A
A. A
A. A
J. A
6
Y., and registeredinterest by Union
Trust Company.
A.
J.
J.
0.
J.
D.
April 1, 1899
Oct. 1, 1892
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1888
Oct. 1, 1887
Var.to J’l.v,’97
June 1, 1894
Oct. 2,
Pittsburg Office.
Q.-J.
F.
1887 to 1890
Dec. 1, 1903
Coupons are paid by
D.
0.
O.
O.
A. N. Y., Winslow, L. A Co.
N. Y. Nat. Ex Bank.
J.
do
do
O.
do
do
O.
D.
Philadelphia.
Aug.,
1887
1895
July 1, 1911
1899
1911
Dec. 1, 1907
The first consolidated mortgage bonds are redeemed each year by
$250,000 contributed to the sinking fund. The above bondjs of all
classes outstanding are given less the amounts held in the sinking
funds, which amounted to $4,000,000 Dec. 31, 1886.
annual reports of this company are
The road is greatly
Wert, la., 143 miles; operates Keokuk to Alexandria, 5 miles; total, dependent on through traffic, or trallic from competitiv e points, and its
business is injured by any cutting of rates.
148 mil s; was formerly the Mo. Iowa A Neb., part of the Wabash sys¬
In 1882, 140,500 shares preferred stock and 124,800 shares of com¬
tem sold in foreclosure Aug. 19, 1886. and reorganized under tins
mon stock of
the Now York Chicago Sc St. Louis Railroad (a con¬
title. Stock $4,000,000. F. T. Hughes, Pres’t, Keokuk, la.; G. II. Caninterest) were purchased and $6,500,0o0 of Lake S. A; Mich.
dee, 52 William Street, N. Y., Viee-Pres’t. A 7 per cent note secured by trolling
S. 2d consol, mortgage bonds issued to pay for it, making an interest
mortgage was given, payable at will.
In Sept., 1887, the Centerville
Moravia A Albia road was leased.
From Jan. 1 to July 1, 1887 (6 charge of $456,890 per annum.
In 1886 the company sold $849,000 first consolidated mortgage
m«s.), gross earuings were $74,862 In 1887, against .465,974 in 1886;
bonds to redeem old bonds falling due, and this :ot of the consols bear
net earnings, $23,3 *2, against a deficit of $3,792. (V. 44, p. 808 ; V. 45,
only 5 per cent interest and may be redeemed by instalments on Oct.
p. 166, 304.)
1 each year till 1890.
King* County Elevated.—Line of road on Fulton Street, Brook*
For the quarter and six months ending June 30,1837, the roport was
lyn, to city limit-, about 7 miles, of which 1 mile is built and 3 miles in as follows:
-6 in os. ended June 30.progress. After litigition, and a decision by Court of Appeals in its
r-Quar. ended June 30.-^
1887.
1»86.
favor, the work went on, and bonds were offered for sale by Vermilye
1836.
1887.
& Co. in JuK, 1887. St *« k paid, $500,000.
President. Jas. Jourdah; Gross earnings
$3,426,530
$4,443,860 $6,931,734 $3,642,417
4,827,718
Treasurer, James II. Frothingham. (V. 41, p. 421; V. 45, p. 25.)
4,227,985
2,419,431
Oper. exp. Sc taxes. 2,144,605
Kingston Sc Pembroke,—Owns from Kingston, Ontario, Canada,
Net earnings..
$1,281,925 $2,024,429 $2,703,749 $3,814,699
to Renfrew on the Canadian Pacific RR., 101 miles; branches, 30 miles;
63,774
45,904
45,210
45,904
Other income...
Bonds are redeemable on notice at 105
total, 134 miles
Offered in
New York, in 1887 by R P. Flower Sc Co. Stock, $4,500,000; par $50.
$2,069,639 $2,740,653 $3,878,473
Total income.
$1,327,829
Gross earnings. 1886, $148,563; net, $18,348; fixed charges, $3 1,320 ;
2,122,455
2,177,579
1,097,455
1,094,253
(V. 44, p. 392, Charges
surplus, $14,028. See full statement in V. 44, p. 402.
401, 402.)
$572,074 $1,756,018
$972,184
$233,576
Surplus.....
Lackawanna Sc Pittsburg.—A consolidation in April, 1883, of
The annual report for 1886 was published in V. 44, p. 5*3. containing
the Allegany Central and the Lackawanna & Pittsburg. Road operated
from Lackawanna Junction, New York, to Perkinsville, 41 miles; the tables below, showing the earnings and income account for a series
Swain’s to Nunda, 12 m., and Olean to Angelica, 39 m.—total, 92 miles. of years:
OPERATIONS AND FISCAL RESULTS.
The last-named line is 3 ft. gauge and the others standard gauge. Stock
1886.
1885.
1884.
1883.
$5,000,000, of which $1,500,000 is preferred. In 1884 Compan3r became
1,340
1,340
1,340
embarrassed and in Dec., 1884, a receiver was appointed, and in Feb., Miles operated
1,340
1886, was authorized to borrow $5c,000. Geo. D. Chapman, Pres’t and
Operations—
Receiver, New York City. Earnings iu 1885-6, $50,943; deficit, Pass’ger mileago.... 215,715,155 190,503,852 1 76,830,303 1 91,593,135
Keokuk Ac Western—Road
Operations, Finances, Sec.—'The
owned from Alexandria, Mo., to
Van
models of clearness in all the
statistical matter.
....
....
....
..
....
mile
$17,859.
Rate p. pass. p.
Lake Erie Ac Western Railroad.—(See Map)—Owns from San¬
dusky, O.. to Peoria. Ill., and branch to Minster, 430 miles, and from
Indianapolis to Michigan City, 162 miles; total, 592 miles. This is the
Fr’ght (t’ns) mileage
company formed in 1887 after foreclosure (on Dec. 14,
the Lake File Si Wesrern railway, which had been made up
new
1886,) of
by a con¬
solidation, Dee. 12,1879, of the Lafayette Bloomington & Muncie and
the Lake Erie Sc Western. This company in March, 1887, purchased the
Indianapolis Peru Sc Chic, road, 162 miles (formerly part of Wabash).
The. capitalization is at the, rate of $10.0; 0 per mi:e ol bomis, and $20,000 in common and $20,000 in preferred stock per mile.
Cummings, Chicago, Pio-’t; C. S. Brice, N. Y., Vice-Pres’t.
—(V. 43, p. 12. 19, 66, 1x2, 274, 431, 607, 634, 671, 746; V. 44, p. 22,
90, 118, 211,401, 527, 553, 808.)
C. R.
Lake Sliore Ac Michigan Southern.—Link of Ro.VD-Buffalo, N. Y., to Chicago, 111., 540 miles; branches owned, 324 miles. Other
lines owned as follows: Detroit Mon. A Toledo, 62 miles; Kalamazoo Si
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan & Gr. Rapids,
58 miles, Jamestown & Franklin, 51 miles; Mahoning Coal R., 43 miles :
Detroit Hills. Sc Southwest., 65 miles; Fort Wayne Sc Jackson, 98 miles;
total, 315 miles. Total road owned, leased and operated, 1,340 miles.
Organization, Ac.—This company was a consolidation of the Lake
Shore RR. and Michigan Southern A North. Indiana RR. May 27, 1869,
and the BuffaloA Erie RR. August 16,1869. The consolidated line em¬
braces the former roads of the Cleveland Sc Toledo and the Cleveland
The stocks of some of the railroads
Painesville Sc Ashtabula railroads.
which entered into the consolidation forming the Lake Shore A Michigan
Southern road had ueen largely increased by stock distributions, and on
the lines between Buffalo audToledo the profits had been so large that
the capital of several of the companies had been repoatedlv watered.
The roads leased at fixed rentals are the Kal. Allegan Sc Grand Rapids,
Jamestown A Ftanklin and Mahoning Coal. The Detroit Monroe & Tol.
Kalamazoo Sc White Pigeon and the Northern Central of Michigan, are
proprietary roads controlled by ownership of their stock. The Malibulug Coal RR. is leased and its stock and bonds guaranteed. The New
York Chicago «fe St. Louis road is similarly controlled by the purchase
made in 1882. The Chicago Sc Canada Southern is also operated by the
Lake Shore A Michigan South.
8tocks and Bonds.—The guaranteed stock of $533,500 carries 10 per
cent dividends. The ordinary stock has paid the following dividends
since 1870, viz.: Tn 1871,8; in 1872,8; in 1873,4; in 1874, 34*: in
1875,2; in 1876. 34; in 1877, 2; in 1878, 4; in 1879,0^; in 1880,
1881, 1882 and 1883, 8 per cent each year; in ’84, 7: in ’85 and ’86. nil.
92Vail478: in 18*4, 59V5G04V: in 1^85, 50%a>8978; in 1886, 76^
SHCO^; in 18S7 to S q>t. 16, S978<t9y-V
Av. rate p. ton p. in.
Earnings—
Passenger
2-196 ets.
*
$
$
4,736,088
3,639,375
9,031,417
1,462,713
4,020,550
10,329,625
1,509,280
14,133,505
15,859,455
earnings
18,513,656
14,843,584
Taxes
Miscellaneous t
Total
Net earnings
P.c.of
op.ex.to ear’gs
1,592,044
$
1,297,474
Transport’11 exp’nses
*
0 652 cts.
12,480,094
Operating Expenses-
1,602,567
0-728 cts.
Freight
Mail, exp., rents, Ac.
Maint’ce of way, Ac.
Maint. of equipment.
*
*1,410,545
4,133,729
9,358,817
1,351,038
Total gross
2-098 cts.
2-058 cts.
2-170 cts.
1,639,512
$
2,095,492
$
0-639 Cts.
0*553 cts.
$
1,614,777
$
.
..
$
1,347,379
2,044,044
1,340,291
5,380,166
521,543
588,231
5,277,414
5,192,943
518,663
529,269
485,946
9,133,521
5,710,063
9,287,537
4,845,968
9,731,622
7,511,803
59-43
6L-53
65-71
61-36
990,907
e,592,742
530,236
792,476
11,001,853
Three ciphers omitted.
t Includes damage and loss
law expenses, rents payable
1,532,252
1,111,329
668,398
6,127,833
*
of freight and baggage, personal
injuries,
and hire of cars.
INCOME ACCOUNT.
1886.
1884.
1885.
Receipts—
Net earuings
Interest, (livid’s, Ac.
1883.
$
$
$
$
7,511,803
158,540
5,710,063
4,845,968
6,127,833
110,752
Total income....
7,670,343
5,710,063
4,843,968
6,238,585
471,876
3,132,120
446,450
3,220.870
53,350
439,163
3,374,933
443,900
3,326,480
53,350
250,000
250,000
Disbursements—
Rentals paid
Interest on debt
Dividends
53,350
Sinking fund
Total disbursem’ts
Surplus for div’d....
Dividends
Rate of dividends...
3,657,346
4,012,997
3,957,320
3,720,670
1,989,393
(8)
(5)
2,473,325
*
From this surplus, $292,522 was
vouchers, Ac., at end of 1885. "
4,117,4.36
728,512
53,350
4,073,730
2,164,855
989,330
(2)
applied to reduction of pay-rolls,
Subscribers will confer a great favor
explanation of column headings, Ac., Bee notes
on
first page
of tables.
Lehigh Valley—Stock ($106,300 is pref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (s. fd. 2 p.c. y Ty) ep. A reg.
Easton A Ambov. 1st mort., guar.(for $6.00C,000)
Delano Land Company bonds, endorsed
Little Miami -Stock, common
Street con. ist M. bds (jointly with Cm. A Ind.RR.)
Renewal mortgage
Little Rock & Fort Smith—1st M., landgr. sink. fd...
by giving immediate notice of any error discovered in these Table*
Miles
Date
of
of
Road. Bonds
346
101
101
232
60
i*93
84
165
Size,
or
Amount
Par
Value.
Outstanding
1,000
1,000
1,000
1,000
1,000
6,000,000
14,257,000
4,500,000
1,395,000
4,837,300
250,000
1,500,000
50
1864
1882
1875
1,000
1,000
2.314,500
510,021
1,871,500
1,106,000
500 Ac.
1876
1881
1.70
500 Ac.
1,000
1,000
2,487,850
10,000,000
175,000
1,121,500
268,905
3,430,000
500
500
250,000
600.000
1,000
1,000
600,000
50
50
500
31
341
Long Island—Stock
1st mortgage, extension
95
156
main
2d mortgage
Consol, mortgage, gold (for $5,000,000)
New York A Roekaway, guar. int. only....
Smithtown A Port Jefferson mortg., guar
164
10.
19
Equipment certificates
Long Island City d- Flushing—1st M., coup, or reg.
Income bonds (cumulative) ($350,000)
Consol, mortgage for $1,250,000
Los Angeles <£ Sun Diego—1st M. (for $2,800,000)..
Louisiana Western—1st mortgage, gold
Louisv. Evansv. <£- St. Louis.—1st mort. E. R. A E...
1st mortgage, gold, for $2,000,000 (2d on 72 M ).
2d irort., gold, for $3,000,000, 1st coup, due ’87..
Hunt. Tell City A C. RR., 1st mortg., gold, guar..
1860
1868
1878
1881
1871
1871
500
100 Ac.
60.000
24
1881
1881
1887
1880
1881
1881
1886
1H86
1887
Louisville <& Nashville— Stock
11,612
840
General mort., gold, coup, or reg. ($20,000,000).
1880
10%
10%
27
112
72
255
255
.
312,000
(0
556,000
2,240,000
....
1,000
1,000
1,000
900.000
1,000
2,000,000
3,000,000
300,000
30,000,000
1,000
1,000
100
1.000
12.207 000
When
Payable
Q.-J.
IH
6
7
6
5
7
2
6
5
7
7
7
7
5,000,000
...
Little Rock Miss. River <£ Texas—1st mortgage
2d mortgage
;
.’
Little Schuylkill—Stock
Rate per
Cent.
$50 $33,112,800
1868
1870
1873
1880
1872
Funding coupon scrip
1st mortgage,
[Vol. XLV
J.
M.
J.
M.
J.
A
A
A
A
A
D.
S.
I>.
N.
J.
Stocks—Last
Dividend.
Philadelphia, Office.
Reg.atotfi.ee; cp.B’kN.A
Philadelphia, Office.
Oct. 15. 1887
do
do
do
do
do
do
Cincinnati.
1898 A 1923
1920
Q.—M.
A
A
A
A
A
A. A
I. A
1
Q.-F.
Railr’d, build’gs, Ac.
Equipment
R’l est. A office prop.
1883.
1884.
$
$
1885.
70,048,600
17,300,000
17,300,000
70,048,600
715,000
715,000
715.000
9,414,477
1,554.030
12,012,839
933,080
12,195,068
645,400
1,421,342
1,461,147
Materials, fuel, Ac...
1,221.178
317,320
1,454,942
966,311
218,682
235,795
1,525,859
596,430
2,559,928
•
•
•
582,545
1,249,858
1,588,590
1,216,840
on hand
Uncollected earnings
Cash
Total assets
Liabilities—
Stock
Bonds
Dividends
Other liabilities
Profit and loss
102,940,272 105,265,092 105,228,854 107,104,924
$
$
$
$
50,000,000 50,000,000 50,000,000 50,000,000
44,466,000 47,716,000 47,460,000 '47,216,00 *
1,016,005
26,675
26,674
1,016,005
2,506,589
2,975,161
1,131,670
839,148
4,547,256
6,604,510
4,951,678
8,033,771
Total liabilities.. 102,940,272 105,265,092 105,228,854 107.104,924
(V. 43, p. 6, 23, 245, 634, 774; V. 44, p. 6, 22, 276, 401, 583, 693,
714; V. 45, p. 5, 25, 304.)
Lawrence.—Owns from Lawrence Junction, Pa., to Youngstown, O.,
18 miles; branch from Canfield Junction to Coal Fields, O., 4 miles; total
—
operated, 22 miles. The Lawrence Railroad was leased June 27, 1869,
to Pittsburg Fort Wayne & Chicago RR. at 40 per cent on gross earnings,
with $45,000 per year guaranteed as a minimum. Lease has been trans¬
ferred to Pennsylvania Co., by which the road is now operated. Gross
earnings in 1885, $D 6,236; net, $74,123; rental from Penn. RR. and
interest received, $67,159; payments, $82,199. Grossin 1886, $210,991;
net, $78,007; rental and inteiest, $84,396, less to Pa. RR., $7,629.
Lehigh Sc Hudson KIvcr.—This road was opened fiom Grey
count, on Erie road, to Belvidere, N. J., 63 miles, August, 1882.
Con¬
solidation April, 1882. of the Lehigh A Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
cent bonds due 1900 and
$52,o00 Lehigh & Hudson River 2d 6s,
due 1909. Stock, $1,340,000. Coupons duo .July, 1885, not paid, and
bondholders agreed to fund four coupons July, 1885, to Jan., 1887, in¬
clusive. In Dee., 1885, a traffic contract was made with Lehigh Coal A
In 1885-86 gross earnings, $209.2ns; net, $81,993; interest
Nav. Co.
on bonds, $84,674.
In 1884-85 gross earnings $173,007. net, $65,012;
deficit under interest, Ac., $20,162. Grinnell Burt, Pres., Warwick, N.Y.
Lehigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Wind
Gap, Pa.. 25 miles; thence, in connec tion with the Wind Gap A. Dela¬
ware Railroad, to Hangor, Pa., 32 miles.
It is operated by the Central
Railroad of New Jersey under a special agreement. Opened in 1867.
Of the above bonds, $100,000 are a 1st mort., and $500,000 2d
mort.
Capital stock, $370,500. Gross earnings in 1885, $62,076 ; net,
$12,723. Iu 1886, net, $13,860.
Lehigh Valley.—Owns from Phillipsburg (Pa. Line), N. J., to
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audeuried,
18 miles; Ha/de Creek Bridge to Tomhieken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 61 miles; Slatedale branch, 4 miles ;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; State Line A Sull. RR., Mouroeton to Berwick,
24 miles; also owns the Easton A Amboy RR., Amboy, N. J., to Pennsyl¬
vania Line, 60 miles ; total operated, 346 miles.
This is one of the most important of the coal roads
Dividends on the
ordinary stock have been as follows since 1870; In 1871, 1872. 1873.
1874 and 1875, 10 per cent paid; in 1876, 9; in 1877, 5^; in 1878, 1879
and 1880, 4; iu 1881, 5L>; in 1882, 6*r, m 1883 and 1884, 8; in 1885, 6;
in 1886, 4. Prices of the common stock m Philadelphia since 1*77 were
as follows:
In 1878, 32%V? 42%; in 1879, 33%£55; iu 1880, 46@57%;
in 1881. 57^a>G44; in 1882. 584£67%: m 1883, 63«m3%; iu 1884.-->7
/o'717b; in’85,541u<i 61%; in 1886,5514®62; inl8s7toSe.pt. 17, 55a>57%.
The fiscal year ends November 30. The last annual report was in cue
Chronicle, V. 44, p. 117. It is one of the peculiarities of the company’s
annual report that no general balance sheet is given. The earnings,
expenses and income account for tin* fiscal years ending Nov. 30. were :
1883-84.
$
Earnings—
Coal freight
Other freight
6,25*5,282
3,763,429
Passenger, mail, express, Ac
889.496
1884-85.
$
6,079,542
1,617,236
860.139'
1885-80.
$
5,669,236
2,106.4 69
969,05
Net
earnings
8,94*. 207
5.2 16,073
4.8SS.99S
$3.70 :,134
$3,667,919
8,556.5) 17
8,74 4.756
5,293,81 6
$3,450,940
Receipts—
Net earnings
Other receipt is ami interest
Total net income
18+3-84.
1884-85.
1385-S6
$
3,702.134
1,23*, 14 4
$
3,667.919
732,341
3,470.9 to
4,910,278
4,400,263
4,101,986
$
651,046
int., loss
Balance, surplus
*
In 1884, 10 on
com ;
Muv 7,
1898
1918
July 1, 1931
April 1, 1901
Sept., 1901
Aug. 1,
May 1, 1911
May 1, 1931
1 937
July 1, 1910
July 1, 1921
July 1, 1921
1926
1936
1927
Feb. 1,
June 1,
1884-85.
1882
1930
1885-86.
$
2,059,541
$
2,048,201
on
473,355
650,385
2,372,242
1,660,234
682,003
1,331,531
4,902,804
4,370,160
4,061,735
37,474
30,103
40,251
preL and 8 on com.; in 1885, 10 on pref. and 5 on
in 1886, 10 ou pref. and 4 on com.—(V. 44, p. 11 7.)
Little mi am I.—Owns from Cincinnati, O., to
Springfield, O., 84
branch, Xenia, O., to Dayton, O., 16 miles; leased." Columbus A
Xenia RR., Xenia to Columbus, O., 55 miles; Dayton A West. RR., Dayton, O'., to Indiana StaterLine, 38 miles: Ohio State Line to Riehm’d, Ind.t
4 miles; Cincin. Street Conn. RR., 2 miles; total operated, 198 miles. Tfie
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the. portion between Xenia and Springfield is now operated as a branch ;
for the remainder of the main line, as given above, the Col. A Xenia
road, Columbus to Xenia, is used. Ou Jam 1,1865, they leased the Dayton A West. (Dayton to Iml. State line) and the Rich. A Miami (State line
to Richmond), and on Feb. 4, 1865, purchased the road from Xenia to
Dayton; these three roads go to form the branch of 57 miles given
above.
The partnership agreement was dissolved Nov. 30, 1868, and a
miles;
contract made
by which the Col. A Xenia road, including its interest in
the above-named branches, was leased to the Little Miami for 99 years.
On December 1, 1869, the Little Miami, with all its branches, Ao.
was
leased to the Pittsburg Cincinnati A St. Louis Railroad Com¬
pany for 99 years, renewable forever.
The Pennsylvania Railroad
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Ciu. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,837,300, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization ; tlie fulfil¬
ment of the lessor’s lease obligation is also stipulated. ' In 18*0, rental,
Ac., received, .+ 0.-4,129; payments, $668,677; surplus, $ 15,452. Iu
1885 rental, Ac., $697,787; payments, $661,677; surplus, $15,452;.
loss to lessee, $423,976.
Little Rock Sc Fort Smith,—Owns from Little Rock, Ark., to
Fort Smith, 165 miles; branches, 5 miles; total, 170.
In Dee., 1874,
the property (then 100 miles), including the land grant, was sold in
This
foreclosure.
company afterwards built 65 miles, and opened the
road to Fort Smith July 1, 1876.
In June, 1883, bon (holders funded,
into 10 year scrip the coupons falling due July. 1883, ami January,
1884. The lands unsold Jan. 1, 1887, amounted to 609,981 acres, and
lanu notes, $411,876.
In March, 1887, the proposal was accepted by stockholders to ex¬
change four shares of s ock for three of the St. Louis Iron Mountain
A Southern, and the road thus passed to the Gould interest and an ex¬
tension was put under way from Van Buren to Fort Gibson, in the
Cherokee Nation, and this company was consolidated with others.
(V. 44, p. 551.) In 1886 gross earnings were $723,3 Is; net. $77,978;
interest on bonds, taxes, Ac., $279,708; balance, surplus, $i 16,539.
Annual report in V. 44, p. 585.
(V. 43, p. 125, 314, 4+7 ; V. 41. p. 275,
308, 434, 494, 495, 551, 585.)
from Little
miles; Rob
Roy Junction to Micawber, 4 miles; total, 170 miles.
This com¬
pany was a reorganization of the Little Rock Fine Bind A New Orleans
Railroad and the Mississippi Ouachita A Red River Railroad.
Both
those companies received land grants and State aid bonds, and this com¬
pany is involved with others as defendant in the suit* by Arkansas State
bondholders. The coupons due Jan. 1, 1*83, were not paid, and scrip
was offered to bondholders for two .years’interest to bo funded.
Fore
closure suits were begun in Nov., 1885, and in Feb., 1880, E II. Win
Chester and John Reed were appointed receivers.
Anew plan of reor¬
ganization was referred to iu the chronicle of Oct 30, 1 8sc., p. 515.
Little Rock IVIississippi River Sc Texas.—Owns
Rock to Arkansas City, 113 miles; Tripps to Warren. 53
The road vwis Mild Dec. 15, 1886, ami sold agam Jan. 28, 1*87, and pur¬
chased, as reported,.in the interest of Jay Gould for the nominal price of
$1,860,000. (V. 43. p. 515, 607, 618, 738; V. 44,p, 22, 59, 185, -77.)
Little
Scliuylkill.—Owns from Port Clinton to Tamanend,
28
branches, 3 miles; total operated, 31 miles. The East Mahanoy RR., was leased Jan. 12, 1863, for 99 years, and sub-leased to Phila.
A Reading July 7, 1868.
The Little Sehuykill Railroad is leased to the
Philadelphia A Reading Railroad for 9 J years from July 7, 1868, at a
miles;
--
.
Long Island.—Owns from Long Island City, N. Y., to Green-
port, N. Y.. 95 miles; branches, 82 miles; total owned. 177 miles.
Leased—Smithtown A Pt. Jelferson RR., 19’0 miles; Stewart RR. to Bethpage,
INCOME ACCOUNT.
2,057,207
Canal, depreciations, Ac.
fixed annual rental
Total gross earnings
Operating expenses
$
1. 1906
1911
July 8, 1887
Aug. 2, 1887
Mav 1, 1890
•
Total disbursements
674,400
....
Jan.
N.Y.,Corbin Bank’g Co.
-
Dividends*
715,000
12,113,700
Cb.ACan.So.bd8.,Ao.
Stocks owned, cost..
Bonds owned, cost..
Advances
673,474
Morris
1894
Nov. 2, 1912
Jan. L, 1905
.
1883-84.
$
Sept., 1910
Jan.. 1892
M. A N.
do
do
7
do
M. A N.
do
7
do
do
F. A A.
7
do
do
5 gQ.-J.
do
A. A O.
do
7
do
do
M. A S.
7
7
M. A N. N.Y., Corbin Bank’g Co.
6
do
do
6
Jan. 1
5
N. Y., Central Pacific.
6
J. A J
6 g. J. A J. N. Y., South Pac. RR.
Boston.
6
J. A J.
do
6 g. A. A O.
2 to 6 g. A. A O.
do
6 g. A. A O.
do
F. A A.
3
N.Y.,50 Exchange PL
do
do
6 g. J. A D.
Disbursements —
Interest on debt
General, taxes, tloat’g
188G.
70,048,600
17,300.000 17,300,000
305,780
365,780
354,167
70,048,600
365,780
•
June, 1898
Sept. 10, 1887
J. Cinn., Lafayette Bank.
N. N. Y., Bank of America.
N.Y.. Merc antile Co.
J.
J. N.Y,, W.C Sheldon A Co.
Last paid Jan., 1882.
J.
O. Last-paid April, i 882.
J.
Philadelphia Otlice.
J.
M.
I.
J.
J.
3^
pal,^When Dne.
Where Payable, and b}
Whom.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
A fs&P.i 8
Bonus—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT
mVESTOBS’
60
14*5; Stewart RR. to Hempstead, P8; New York A Roekaway
RR., 83>; Brooklyn A Jamaica RR., 9 6; Newtown A Flashing RR.,
39; Brooklyn A* Montauk, 67; N.Y. Brook. A Man. Beach HR. ami
blanches, 20T : Hunter's Point A So Side RR., 15; Far Roekaway
branch, 9*4; L. 1. City A Flushing RR. 14; Whitestone Bi\, 4: Wmidside
Br., 3 9.
Total leased and. operated. 165 miles. The tutal of ail the
toads owned and operated is 341-4 miles.
September,
1887.]
RAILROAD
STOCKS
AND
BONDS.
61
INVESTORS’
63
For
notes!
Louisville <£• Vashvilla- {Continued) Lebanon branch extension, Louisville loan
Lebanon-Knoxville extension mort. (£1,500,000)
Cecilian Branch, 1st mortgage, sinking fund
Consolidated 1st mortgage
110
172
46
392
130
83
135
Memphis A Ohio, 1st mort., sterling, guar
Memphis A Clarksville br.. 1st mort., sterling
Mort. on Ev. Hen. A N., gold
1,079
Collateral trust, .Id mort., gold, sink, fund
783
10-40 Adj. M., gold, coup, or reg. (red’blo aft. ’91)
141
141
189
208
203
45
j
1st mortgage on New Orleans A Mobile RR
2d mortgage
do
do
Bonds aec’d by pledge of 2d mort. S. A N.Ala.RR..
1st M., gold, on Southeast.A; St.L.RR.,coup.or reg.
2d mort., gold, ou Southeast. A St. Louis RR., ep.
j
Pensacola Div., 1st mort., gold
j
Mobile Si Montg. I)iv., 1st M., ($2,077,000)
j
Pensacola Si Selma Div., 1st M., gold ($1,248,000)
Pensa. A Atl.. m. gold, guar., $1,000,000 pledged.
Louis. Ciu. Sc Lex., 1st mort
2d mort.,coup., for $1,000,000’
do
L. Si N. mort. on L. C.AL., gold,$3,208,040 plcigdi
1st mort., gold, on branches, $15,000 per mile...
Car trust liens ($1,721 payable each month)
!
Car lien5’, Louisv. Ciu. A Lex
I
Henderson Bridge Co., 1st mort., gold
|
Mort., gold, o:i Chic. A lud’polis
2d mortgage-, gold, coup, or reg
180
104
185
175
175
175
86
....
617
288
158
446
Z.
Div.,coup, or reg
520
Consolidated mortgage gold (for $10,000,000)
The
1363
1881
1877
1868
1871
1872
1879
1882
1884
1880
1880
1880
1881
1881
1880
1881
1881
1881
1867
1877
1881
1887
1882
1.000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Long rsland Railroad went into the hands of a
1882-83.
1883-84.
354
100
5.000,000
3,000,000
2,300,000
receiver October,
1884-85.
354
1885-86
342
$
$
1,878,447
'
276,005
..2,C85,089
1,683,814
2,756,232
1,859,505
2.826,478
1,795,252
Gross earnings
.
798.817
317,508
2,994,772
1,872,325
890,727 1,031,226 1,122,147
..1,001,275
30 1,063
297,559
287,698
282,466
207,922
312,335
190,876
209,059
There arc also real estate mortgage, $236,000, 5s ami 7s; time loans.
$200,000, ;it 6 per cent. (V. 43, p. 191, 745 ; V. 44, p. 212, 586; V. 45,
p. 142, 212.)
Loii!? Island City A: Flushing.—Road from Long Island City to
Great Neck, 14 miles; branches, 8 miles; total, 22 miles. This is a reorNet earnings
Lease rentals
Interest
..
..
880. The of
the* Flushing
Theforeclosed
income bonds
are pay¬
fanization
stock
is $500,000;
A North
par, $100.
Side road,
December
11,
able at will. The company is liable
bonds, due 1920. Leased to Long
for $25,000 of New York A Flushing
Island RR. for 50 years, the lessee
taking 60 per cent of gross earnings and $17,500 for fixed charges. In
1883-84 gross earnings were about $213,000, of which 40 per cent to
tills company was $85,035; in 1884-5, rental $116,537; in 1885-6.
rental, $102,195. Alfred Sully, President, New York City. (V. 45, p. 53.)
Los Angeles
Sail Diego.—Florence to Santa Ana, Cal.. 27
Leased to Cent. Pac., and rental in .1886 was $33,374. Capital
miles.
stock, $570,800. Clias. Crocker, Pres., San Francisco.
Louisiana Western.—(See Map of So. Vac )
Owns from Lafayette,
La., to Orange, L'exas, 112 miles, leases extension in Texas, 7 m.; total,
112 miles. Leased and operated by the South. Pac. Co., being part of the
through line between New Orleans and Houston. From Jan. 1 to July
31, in 1887 (7 mos.), gross earnings were $452,416. against $357,267
in 1886; net, $203,001, against $177,097.
In 1886 gross earnings
were $644,689; net, $329,217.
Surplus over interest, and all charges,
tocic is $3,360,000.
t163,559.
Gross earnings
for p.year
net,620.)
$343,445.
(V. 43,
133,1885
163; were
V. 44,$627,317;
p. 344, 369,
Louisville Evansville &c St. Louis.—Line of road. New Albany,
Ind.,to Mt. Vernon, Ills., 182 miles; branches to Jasper A Gentryville, 72
mnes; trackage, Louisville, Ky., to New Albany, Ind., 6m ; total oper¬
ated, 2*4) miles; opened Oct., 1882.
The road was formerly the
Louisville. New Albany A St. Louis, foreclosed iu 1878.
In Oct.. 1881.
a consolidation was made with the Evansv. Rockport A Eastern, and the
ivisioti. of
The
June
as a prior
Thelien
t900,000
E.foreclosure
R. A E. 1stsale
mortgagemade
bonds
stand
9, 1*86.
planonofthat
re¬
was
in V. 41, p. 720, by which 1st mortgage bondholders
took new second mortgage bonds and a first mortgage of $2,000,000
was issued as a prior Lien.
Tue stock is $1,500,000 pref. 5 per cent, nonOumulativo, and $3,500,000 common; the par of all shares is $100. The
Huntinlmrg Tell City A Caunellton RR. (24 miles) bonds arc guaran¬
teed by this Co. In 1885-6 gross earnings were $786,229; net, $213,357.
In 1884-85 gross earnings, $716,119 ; net, $142,224.
(V. 43, p.
125, 274, 302, 431, 452; V. 45, p. 142, 304.)
Louisville &
Naslivllle.—(See Map.)—Line of Road.--Main
ine—Louisville to Nashville, 185 miles; branches—Junction to Bardstown, Ky., 17; Junction to Livingston, Ky., 110; Livingston to Jclloo, Ky.,61 ; Montgomery to Mobile, 179; New Orleans to Mobile, 141;
branch to Pontchartrain. 5; Paris, Tenn. to Memphis, 259; East St.
Louis, III., to EvansYille, Ind., 161; June., Ill., toShawneetown, III., 41,
Belleville, Ill.. to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction;
Fla., 44 : branch to Muscogee dock, 1; Louisville, Ky., to Newport, Ky.,
109; Junction to Lexington. 67; Louisville II. Cr. A W’port. (n. g.), 11;
Selma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction
to Providence, 16; Pensacola extension, 26 ; total owned, 1.612 miles;
leased and controlled—Junction to Glasgow, Ky., 10; Nashville to
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6;
Junetiou to Shelby ville, 19; Louisville Transfer, 4; No. Div. Cuuib. A
Ohio, 27; Lebanon to Greeusburg, 31
Elkton to Guthrie, 11; total
organization
w;is
971,000
18,942
1,000
1,000
3 ,000
1,000
1,807,346
727,623
291,069
Ex) enscs and texes
1,350,004
1980
$
1,759,597
720,630
892,000
50,000
1,959,000
$
Earning,s and Expenses
..1,695,177
Passenger earnings
718,743
Fr< iglit eai niugs
271,169
Miscellaneous earnings..
..
2,000,000
2,850,000
1,000
improved in its operating department under the present manage¬
operated
Pledged.
Where
Bonds—Prinoi-
6
A. A O.
g.
g.
g.
g.
S-
....
6 g.
Stocks—Last
Dividend.
.
Whom.
g.
ft g.
g.
g.
g.
g.
A.
M.
M.
A.
J.
F.
J.
Tables.
pal.When Due.
Payable, and by
O. N. Y., 50
do
S.
do
8.
do
0.
D. London,
do
A.
D. N. Y., 50
<lo
Q.—Mar
do
M. A N.
do
J. A J.
do
J. A J.
A. A O.
London,
M. A S. N. Y., 50
M. A S
do
do
M. A S.
do
M. A N.
do
M. A S.
do
F. A A.
do
J. A J.
do
A. A O.
M. A N.
do
do
M. A N.
6
6
7
7
7
6
6
6
6
6
6
6
6
3
6
6
6
6
7
7
6
600.000
1881
1836
Payable
Pledged.
100 Ac,
1,000
1881
1883 |
When
cent.
7,070,000
3,500,000
2.015,360
2.380,000
9.684.000
5,000.000
5,000,000
1,000,000
1,960,000
3,500.000
3,000,000
1,000
1,000
1,000
1,000
1,000
Rate per¬
$333,000
Pledged.
904,000
£200
£200
From Dot. 1, 1886, to June 30, 1887 (!) mos.). gross earnings wort1
$1,901,Os9, against $1,8 44,151 in 1885-6; net, $682,236, against
$591,837 ; surplus over fixed charges, $273,655, against $203,611.
The reports for four years made to tin* RR. Commissoners gave gross
earnimrs, Ac., as follows. The surplus iu 1885-86 overall payments
and dividends was $185,204.
Miles
Outstanding
$1,000
1,000
1,000
1,000
1877, but in 1881 the company resumed possession. The second mort¬
gage bonds were issued to take up floating debt of various classes.
The control of the company was sold to the “ Long Island Company,”
controlled by Mr. Austin Corbin and others, in Dec., 1880. In July,
1881, the stock was increased from $3,200,700 to $10,000,000.
In
August, 1*81, most of the holders of Smicntown A Port JelFersou
bonds ami N. Y. A Rockaway bonds agreed to exchange their bonds for
the consolidated mortgage, bearing 5 percent.
No annual r< ports have been issued and the only information obtained
is from the. statistics furnished tin* State Authorities. The road has bom)
much
ment.
Amount,
....
|
Louisville Xcw Albany <£• Chicago—Stock
1st mortgage, coup, or reg
|
INTEREST OR DIVIDENDS.
Date
Size, or
Par
or
of
Road. Bonds Value.
Miles
explanation of column headings, Ac., see
on first page of tables.
[Vol. XLV.
by giving Immediate notice of any error discovered In these
Subscribers will confer a great favor
DESCRIPTION.
SUPPLEMENT
A
A
A
A
A
A
A
Exchange pi.
do
do
do
Oct. 15, 1393
March 1, 1931
Mar. 1, 1907
April, 1898
1901
Aug., 1902
Dec. 1, 1919
Mar. 1, 1922
do
Nov. 1, 1924
do
Jan. 1, 1930
do
Jan. 1, 1930
April 1, 1910
Baring Bros.
Exchange pi. March 1, 1921
March 1, 1980
do"
Mar. 1, 1920
do
do
May 1, 1931'
Mar. 1, 1931
do
do
Aug., 1921
Baring Bros.
June 1,
do
Exchange pi.
do
do
do
Jan., 1897
1907
do
do
1, 1931
May 1, 1937
Oct. 1, 1887-89
Nov.
Philadelphia.
Louisville, Ky.
M. A S. N. Y., 50 Exchange pi.
1888
Sept. 1, 1931
....
G
6 g.
6 g.
° S’
855,000 j
3,500,000
J.
F.
F.
A.
A
A
A
A
J. N. Y.,
A.
A.
O.
Na t. B k. Co m merce July 1, 1910
do
do
Aug. 1, 1911
Feb. 1, 1888
do
do
Jan. 1, 1916
do
do
-
leased and controlled, 410 miles; total operated June 30, 1886, 2,023
miles.
Also owns the Richmond Branch (leased to Kentucky Central),
34 miles, and the Cecilian Branch (leased to dies. O. A So. W.), 46 mile9,
and controls, by ownership of a majority of the stock, the Nashville
Chattanooga A St. Louis RR., 580 miles; the Owensboro A Nashville, 84
miles; the Pensacola A Atlantic, 161 'miles; the Nashville A Florence
RR., 56 miles ; BirminghamMineral Railroad, 11 miles, and Henderson
Bridgo and connecting track, 10 miles—total, 902 miles; also, as joint
lessees with the Central of Georgia, is interested in the Georgia Railroad
and its auxiliaries, 679 miles.
Organization, Leases, Ac.—The Louisville A Nashville was chartered
March 2. 1850, and opened between Louisville and Nashville November,
1859. The Memphis branch, completed in 1860, was operated in con¬
nection with the Memphis A Ohio and Memphis Clarksville A Louisville
were purchased by the L. A N.
The other roads embraced
system have been purchased outright or are controlled absolutely
by ownership of a majority of the stock, except those under leases, aa
above described. The liabilities for interest are treated mostly as
belonging directly to the Louisville A Nashville Company. The South¬
east. A St. Louis'RR., which was. reorganized after foreclosure of the
St. Louis A Southeastern, Nov. 16, 1880, is leased to the Louisville A
Nashville for 49 years, and the L. A N. issues its bonds as above,
secured on- the, road, about 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. A St. L. stock. The fiscal year of L.
A N. ends Juno 30.
Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
capital stock was $9,059,361, and in Nov., 1880, the stock dividend of
100 per cent was made, raising the amount to $18,133,513.
In October.
1882, the company listed at t he Stock Exchange $3,080,000 stock sola
by the city of Louisville, raising the stock outstanding to $21,213,513,
aiid $3,786,487 more was then list' d, raising the amount to $25,000,000.
In Oct., 1881, the remaining $5,000,000 unissued was offered to
a syndicate at 22
with the $5,0ii0,000 bonds at 55, raising the stock to
the full limit of $30,000,000.
(See V. 39. p. 409.)
All the dividends paid'since 1870 were as follows:
In 1871, 7 per
cent; in 1872, 7 per cent; in 1873, 7 per cent; iu 1877, l1^ per cent;
in 1878, 3 per cent; in 1879, 4; in 1880, 8, and 100 per cent in stook ;
in 1881, 6; in 1882, 3; nothing since.
Prices of the stock from
1872 to date have been: In 1873,
50®79; in 1874, 53®59; in 1875, 36]£04O; in 1876, none; in 1877,
26®41; in 1878, 35039; in 1879, 35 2)89^; in 1880, 772174 : in 1881,
7901101s; in 1882,461s®10034; in 1883,4O<%058i*; in 1884. 22hs V5l%;
in 1885, 222>5134: in 1886, 335s269; in 1887 to S-*pt. 16, 57®70l4.
roads, which
in the
The
general mortgage of 1880 is for $20,000,000, of
which the bal¬
unissued is reserved to pay off prior liens, and the mortgage covers
840 miles of road subject to such liens. The Louisv. A Nashv. LebanonKnoxvilie bonds of 1881 cover 110 miles, subject to prior lions, and 62
miles from Livingston to State line as a first lien. The Pen. A Atlantic
is a separate company and the bonds are not a direct liability of the
L. A N. Co., but principal and interest are guaranteed by L. A N.
A
sinking fund begins Feb., 1889. The P. A A. has issued to the L. A N.
ance
$1,000,000 land grant bonds pledged for advances to the P. A A.
The third mortgage trust dob l of 1882 is made to E. II. Green and
John A. Stewart as trustees, and has a sinking fund of 1 per cent
annually begun in February, 1885, the bonds drawn being redeemable
at 110.
The bonds are secured by pledge of a large amount of stocks
and bonds belonging to the Louisville A Nashville Company and
held as collateral security by the trustee of the mortgage.
The
securities pledged were stilted in detail in V. 41, p. 445, the par value of
bonds being $9,633,006 and stocks $18,529,700 ; total, $28,162,700.
The 10-10 Adjustment mortgage bonds were issued in 1884, and
cover 783 miles of main line anil branches, subject to the prior liens,
and are a second lien on the trust securities pledged under the trust
deed of 1882. See V. 39, p. 409.
The Henderson Bridge Co. bonds are not a liability of tbe L. A N.
The
bridge is owned by a separate company, with a stock of $1,000,000, of
which the L. A N. Co. holds $501,000; the Bridge Co. is guaranteed
gross receipts of $200,000 per year by the several roads using it.
The mortgage bonds of 1867 on brandies are issued at $15,000 per
mile.
U. S. Trust Co. is trustee of the mortgage, aud the lieu covers the
Cumberland Valley Branch, the Ind. Ala. A Texas RR. aud a number of
others.
(V. 44, p. 751.)
Operations, Finances,
Ac.—The Louisville A Nashville system
hav¬
ing been developed in its present extensive form since 1879 has a short
history. The 100 per cent stock dividend .declared in 1880 was made
before the working aud result of the newly-acquired roads could be
fully developed.
From July 1, 1886, to July 31, 1887 (l mo.) gross e irnings were $1,326,663, agst $1,257,207 iu 1885-6; net, $ >42,306, agst $550,182.
The annual report for 1885-86 was m the Chronicle, V. 43, p. 486.
ive statistics (including 18*6-87) were as follows for the
The comparatnv
roads
operated
as
the Louisville A Nashville system proper
1833-84.
1384-85.
18?5-86.
1886-87.
$14,351,093 $13,936,347 $13,177,010 $15,080,584
(excl.tax.) 8,823,782
8,182.255 8,213.210 9,047,053
Total gross earns
Oper'g ex.
5,527,311
Net earnings
Per et. of
ex.
t ) earn.
61*43
5,7.34,092
5S*71
4,963,720
62-33
6.033,531
60-00
.
September, 1887.]
RAILROAD STOCKS AND BONDS
63
INVESTORS’
64
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Ac., see notes
explanation of column Leadings,
on first page of tables.
2d mort. income bonds, cum. (payable at 105).
Land grant income bonds (not cumulative)
Lyfcen.8 Valien—Stock
Mahoninq Coal—Common stock
Preferred stock, guar, by L. 8. A
1st mort., coup., pr. & int, guar.,
M. 8
by L. S. & M. So
Maine Central—Stock
1st mortgage, consolidated
Collateral trust bonds for Mt. Desert Branch
Sinking fund i0-20 gold bonds
Bonds ($1,100,000 loan) A. A. K. RR..
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
European A North American (Bangor
55
18
109
56
36
30
71
26
32
18
18
14
14
42'
120
120
3 12
156
156
50
90
loan)
Railroad loan
Androscoggin Railroad, Bath City loan
Portland A Kennebec, consolidated mortgage
Manchester <& Lawrence—Stock
Mannattan (Elev.)—Consol, stock
Metropolitan Elevated. 1st mortgage
Leeds A Farmington
do
2d M. (guar, by
N. Y. Elevated, 1st M.(payable at 105
do
Debentures, coup
Manhat’n).
after 1896)
Marietta Columbus & N.—1st M.,gold,(Mar.Mineral)
Marietta & \orth Georgia—1st M., gold, $7,000 p.m.
2d mort. ($6,000 per mile)
New ist mortgage, gold ($16,000
Pref. stock (6 per cent
per
stock
mile)
div. guar, by D. S. S. A A.)
S S.^v A.)
1st mort., M.AO., coup. (int. guar, by D
M. H. AO. mortgage (int. guar, by I). S.
S.
A.)
v
.
600,000
1.373,000
372,6»0
20
50
50
1,000
100
100 Ac.
1884
1872
1883
1885
1860-1
1870
1868
1869
1871
1866
1865
1,500.000
3,603,300
4.176,400
694,000
599,000
1.1O0.000
1,000
100 Ac.
500 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100
100
496,500
756,800
1,000,000
633,000
425,000
1,166,700
1,000,000
4
5
6
2ifl
1,000
1.000
lOOAc.
1.000
S
1^
-
3,278,456
1,427,500
576,200
1.000
W. A 8. N. Y., R. T. Wilson A Co.
do
do
M. A 8.
do
do
M. A S.
New York, Treasurer.
Q.—J.
6
6
7
5
6 g.
6 g6 g.
6 g.
4
3
8
6
J.
J.
F.
A.
J.
F.
A
A
A
A
A
A
Net earnings
Income from invest’s
Total income
Disbursements—
5,754,092
198,591
379,845
58,333
370,814
Interest on debt
Divid’son L. A N.,N.
4,207,22.8
4,026,543
4,035,706
AD.andM. AM...
113,090
11,000
8,377
Miscellaneous
Total disbursements.
Balance, surplus
6,513,389
5,171,530
67,000
Georgia RR. deficit..
$
6,033,531
479,858
207,807
5,952.683
309,450
Taxes
Rentals
1886-87.
1885-86.
$
4.963.723
$
5,800,144
N.
Q.-J.
365,316
15,000 ]
1890 to 1891
Oct., 1900
July, 1898
Jan. 1, 1894
July, 1891
July, 1891
2
Jan.
Mar
1906
1, 1916
1.
May 1,1915
July 1, 1911
July 1, 1911
Jan. I, 1937
Aug. 15, 1887
Eng. Tr. Co. June 1, 1892
$369,300
213,823
50.000
Interest
Rentals, insurance and taxes.
interest ou ear trust bonds..
Total
Deficit
July 1, 1887
July 1. 1934
Feb. 15, 1887
April 1, 1912
June 1, 1923
Feb. 1, 1905
In 1883
F. A A.
J. A D. Boston, N.
do
M. A S.
1885.
la86.
$369,300
$461,538
217,951
223,869
50,000
50.000
$735,407
$94,747
$«37,2 H
$633,123
charges
$288,832
$533,831
1908
Mar. 1.
do
1884.
1884-85.
1883-84.
$
5,527,311
272,833
Sept. 1, 1934
Sept. 1, 1934
Sept. 1, 1934
July 2, 1887
April 1, 1895
May 2, 1887
Oct. 1, 1887
Y., Mercantile Tr.Co
do
do
July. 1908
Nov. 1. 1899
do
do
J. A J.
M. A N.
do
do
J. A J.
do
do
M. A 8.
M. A N N.Y., Farmers’L.AT.Co
J. A J. N.Y.,Boody,MeLel.ACo.
do
J. A J.
do
J. A J.
INCOME ACCOUNT.
Receipts—
Stocks—Last
Dividend.
..........
....
2^
2,378,670
100
100
100 Ac.
Payable
pal,^When Dae.
and by
Where Payable,
Whom.
N. Y. Union Tr. Co.
J.
do
do
J.
5
A.
3
O. Boston. 2d Nat. Bank.
5 A 7
D. Boat., Am. Loan A Tr.Co.
5
A Boston, 2d Nat. Bank.
6 g.
do
do
6
M’nthly
do
do
6 g. A. A 0.
do
do
J. A J.
7
6
Id. a j. Bost., Merch’ts’Nat.Bk.
J. A J. Boston, 2d Nat. Bank.
6
do
do
6
Q.-J.
do
do
A. A O.
6
M. A N. Manchester and Boston.
5
650,000
688,0 »0
480,000
800,000
1,000
1,0. 0
When
....
4.000,000
8,500,000
1,00* >,000
1,000
1872
1878
Cent. ‘
21,638,440
10,818,000
1,000
1878
1879
1876
1886
1885
1881
188 L
1887
Rate per
$4,550,000
10,000,000
7,-99,000
1,000,000
1,000
1,"00
1,000
1884
188 »
1884
..
455
21
43
43
43
527
304
4L
Amount
Outstanding
$100
534
455
Louisville New Orleans <6 Texas—Stock
1st mortgage, coup, or reg
Marquette ti. <£ o.—Common
discovered In these Tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
Immediate notice of any error
great favor by giving
Subscribers will confer a
Vol. XLY,
SUPPLEMENT.
66-62
79-27
Percen'age of operating ex.
87-26
William. Dowd, President, N. Y.
(V. 44, p. 59,90,
621, 713.)
Louisville New Orleans Sc Texas—[See
342, 401, 553, 584,
wap)—Line of road
Memphis, Tenn., to New Orleans, La.. 456 miles; Lelandto Huntington,
4,315,819 Miss., 22 miles; Washington Co. branch, 34 miles-total owned. 512
117,095
miles. Leased -Clinton to Port Hudson, La., 22 miles; total operated,
44,815
531 miles.
This road was built in the interest of the Huntington system
10,297 J
of roads, and forms the connecting link in that system across the
4,681,135 Continent from Norfolk to San Francisco. The income bonds are a first
4,643,727
1,832,254 mortgage on 75o,000 acres ot land in the Yazoo Delta. The first mort11692,495
at
on
line
■
116,242
49,299
7,542
4.637,806
4,716,145
11,116,337
♦1,356,890
1882-83.
1883-84.
1881-85.
$
$
$
67,930,874
mile
the main
and $20,000
The second mortgage bond-are •‘in¬
refunded, included in surplus.
comes,’.’ receiving merest only when earned, but unpaid interest is
J $42,012 to be refunded, included m suiplus.
cumulative ; afrer Seot., 1888. these bonds may be paid off at 105. Mr.
|| $164,692 to be refunded, included in surplus.
R. T. Wilson, Pres., N. Y.
From Jan. 1 to July 31, in 1887 (7 months),
Balance sheet |for the four years ending with 1885-86 is given below:
gross earnings were $1.<>30,079, agr.inst $842,141 in 1886; net,
$z47.177, against $156,049. Gross earnings for year 18-6, $1,803,785;
GENERAL BALANCE AT CLOSE OF
EACH FISCAL YEAR.
net. $551,222.
Gross in 1885, $1,390,717; net, $360,711. (V. 44, p. 60,
gage homls are issued
$30,000
per mile on the branch lines.
t $32,338 to be
■
Assets—
Road,equipment, Ac.
Timber A quar. lands
Stocks owned
Bonds owned
StksAbds. held in tr’t
Bills A acc’ts. reeeiv.
Materials, fuel, Ac..
Cash on hand
So. A No. Ala. RR...
Nash. A Dec."RR....
Other roads
C. C. Baldwin acc’tL
67,385,426
67,776,06,4
715,773
18.565,852
1.940,623
9.527,878
2,011,330
688,024
16.904,853
4,050,073
9,527,878
1,922,*03
833.112
762.273
242,929
1,454,904
573,014
921,690
50,000
Sinking fund
Profit and
297,316
1,565,968
599,178
1,172,928
1,005,929
50,000
1,771,487
1,9 5,654
726,621
•4 04,714
1,733,805
603,250
94,591,970
$
30,000,000
$
30,0(i0,000
61,958,314
850,000
567,400
526,558
445,359
36,094
1,130,936
2,762,984
613.148
635.978
850,808
50,000
96,324.187
57,530,712
850,0i'0
2,071,723
850,809
$
850.000
926,262
303,976
1,567.793
94,222,561
30,000.000
68,433.091
2.005,590
4,249,s(>l
9,527,878
2,479,344
57.903,230
$
598,746
1.298,3 47
4.435,098
9,527,878
689,911
loss
Total assets
Liabilities—
Block
Bonded debt*
Louisville bonds
Debentures
Bills payable
Interest
Miscellaneous
June pay-rolls, Ac..
Profit and loss
1885-86.
■
2,068.6 >6
93.705,275
$
30,000,000
61,355,254
201.000
529,800
3,599,266
475.759
34,933
1,236,152
-
41,229
501,528
34,327
189.279
499,435
34,774
1,060,168
1,571,937
per
185, 308, 434.)
from Millersburg, Pa., to Williamstown
is a
since
July, 1880, and previously by the Summit Branch RR. The lease is for
999 years from March 1, 1866, and the rental is $62,500 per annum.
Mahoning Coal Railroad.—Andover to Youngstown, O.. 38
On July 1,
miles, and branches for ore and co d, 5 miles; total, 43 m
1sm4, the road was leased in perpetuity to the Lake Shore A M. 8. The
L. S. & M. So. guarantees the principal and interest of the 1st mortgage
bonds, and guarantees 5 per cent per annum on the pref. stock.
Maine Central.—Mileage as follows: Main line, Portland to Ban¬
gor, Me., via Augusta, 1366 miles; branches, Cumberland Junction to
Skowhegan, 90 7 miles; Bath to Farmington. 71*2 miles; Crowley’s
Junction to Lewiston, 4 7 miles; total owned, 303-2 miles. leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 1ST miles; Bangoi to Y’anceboro, 114-1 miles; Penobscot Switch to Mt. Desert Ferry, 41*7 miles ;
total leased, 221 mil *s
Total operated, 527 2 miles.
This was a consolidation in 1862 of the Androscoggin A Kennebec
Railroad and the Penobscot A Kennebec. In August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
roads were also consolidated with the Maine Central.
There are also #58,000 5 per cent debenture bonds due 1894 and
$20,000 Shore Line 6 per cents due 1923. The annual report was pub¬
lished in V. 43, p. 773, for the fiscal year ending Sept. 30.
Lykens Valley.—Owns
Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
It
coal road leased and operated by the Northern Central Railroad
FISCAL RESULTS.
1883-84.
1 832-83.
2,067,565
1885-86.
1834-85.
earnings $2,835,494 $2,816,373 $2,839,779 $ 1,001,076
1,820,740
1,730,902
1,750,710
1,839,707
Expenses and taxes.
Total gross
Total liabilities..
94,222.561
96,324,187
The bonds deposited in the $10,000,000 trust
t Includes $5,000,000 L. A N. stock unissued.
*
t An opi n account, the company
his
—(V. 44, p.
to it in
i
94,591,970
93,705,275
have been deducted here
claimingthat Mr. Baldwin is indebted
sum
59, 185, 308,434,458, 586, 713,
751; V. 45. p. 26, 239.301.
Louisville New Albany Sc Chicago — (See map)— Operates from
New Alnany, Iud. (opposite Louisville, K.v.), to Michigan City, Ind., 289
miles; Howland Junction to Hammond, Ind., 160 milesf Bedford, Ind.,
to Switz City, 43 miles; Orleans. Iud.. to French Lick Spr., 17^
miles; iotal owned, 509 miles; leased—Hammond to Chicago, 20 miles ;
Howland’s Junction to Indianapolis. 4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 617 miles.
A lease for
gives
Total income—
Disbursements—
Rentals paid
Interest on bonds...
Dividends
:
disbursed
record Aug.-31.
operation since 1849.
1884.
1885.
Operating expensos
1,365,144
$1,680,454
1,332, >35
Netearniugs
$199,292
$348,418
$1,56 4,436
1883-84.
1884-85.
1885-86.
$1,065,663
29,121
10,421
$1,108,877
7,828
$1,180,336
7,400
$1,024,908
$1,076,084
$1,116,705
$1,187,736
$182,958
$189,000
661,395
$189,000
701,767
$189,000
641.146
197,522
215,532
215,541
215,578
$1,024,626
$1,06=»,927
$282
$10,157
$1,106,308
$10,397
$1,111,708
$76,028
1882-83
-
707,130
-(V. 43, p. 102, 217, 334, 458, 618, 773.)
N. H„ to
Manchester Sc Lawrence.—Owns from Manchester
Methuen (State Line), 221* miles;
leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles.
Road in
,
Methuen branch is leased at a rental of $11,000
lays claim to a two-fifths interest in the Man¬
RR., which is operated by Concord RR.
In June, 1887, the M. A. L. voted to lease its road lor 50 years to
Boston A Maine at a rental paying 10 per cent dividends. The fiscal
year ends March 31.
Gross earnings in 1885-86, $17..36-,
$100,In 1886-7. gross, $172,524 ; net, $100,691.
(V. 44, p. 807.)
Manhattan Elevated.—Road operated, 32-39 miles. This was a
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
1886.
railroads in New York City.
Its capital stock was $13,000,000, and
$1,919,189 it was to pay the interest on the bonds of the two elevated roads
1,278,528 and certain dividends. The original lease of May 20, 1879, guaranteed
10 per cent per annum on the stocks, but this lease was amended in
$640,661 October, 1881, by agreements among the three companies, which were
of 1886 were made for the authorized
amount
$5,300,000 was reserved for the prior first
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 188 4 outstanding, and the balance
$1 ,70 ,00o used for building new road, for improvements, etc. In June,
1887, all the ear trust certificates were to be i aid off.
Fiscal > ear ends Dec. 31. The annual report for 1886 was in Y. 44,
p. 584.
Earnings, expenses and charges have been as follows :
Gross earnings
$1,180,330
$1,108,877
$995,787
Receipts—
Net earnings
Other receints
Total
Balance
The consolidated bonds
Of $10,000,0()0, of which
$1,065,663
INCOME ACCOUNT
999 years with Chicago & Western Indiana at $127,000 per year
entrance to Chicago.
The Louisville New Albany & Chicago was opened in 1852 and sold
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago & Ind. Air Line,
Increased to $5,000,000, giving 15 per cent increase to stockholders of
and stock
$995,787
Netearniugs
per annum. Company
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DESCRIPTION.
For
explanation of column
on
first page
of tables.
at 105).
cumulative)
2d mort. income bonds, cum. (payable
Land grant income bonds (not
Valley—Stock
Mahoninq Coal—Common
stock
Preferred stock, guar, by L. S. & M. 8
1st mort., coup., pr. A int, guar., by L. 8. A M. So
Maine Central—Stock
1st mortgage,
consolidated
304
4L
55
K. RR..
Maine Central loan for $1,100,000
European A North American (Bangor
Leeds A Farmington Railroad loan
Androscoggin Railroad, Bath
18
.
loan)
City loan
Portland A Kennebec, consolidated mortgage
Manchester dk Lawrence—Stock
Mannattan
(Elev.)—Consol, stock
Metropolitan Elevated. 1st mortgage
2d M. (guar, by Manhat’n).
do
N. Y. Elevated, 1st M.(payable at 105 after 1896)
Debentures, coup
do
Marietta Columbus <£• N.—1st M.,gold,(Mar.Mineral)
Marietta & y/orth Georgia—1st M., gold, $7,000 p.ui.
2d mort. ($6,090 per mile)
New i st mortgage, gold ($16,000
Marquette tl. dk o.—Common
1.373,000
37 2,610
1884
1.000
1,500.000
100
1872
1883
1885
1860-1
1870
1868
1869
1871
1866
1865
100 Ac.
3,603,300
4,176,400
mile)
per
stock
....
527
Branch
Collateral trust bonds for Mt. Desert
Sinking fund i0-20 gold bonds
Bonds ($1,100,000 loan) A. A.
Extension bonds, 1870, gold
20
50
-50
455
21
43
43
43
Pref. stock (6 per cent div. guar, by D. S. S. A A.)
1st mort., M.AO., coup. (int. guar, by D 8 S.».v A.)
M. H. AO. mortgage (int. guar, by P. 8. S. v, A.) .
109
56
36
30
71
26
32
18
18
14
14
42
120
120
1 12
1878
1879
1876
1886
1885
1881
24,638,440
1,000
10,818,000
1.000
4.000,000
8,500,000
Net earnings
Income from invest’s
1872
1878
100
100
100 Ac.
1,000
90
1
Total income
Disbursements—
6,033,531
207,807
479,858
5,171,530
6,513,389
365,316
67,000
379,845
58,333
370,814
4,207,223
4,026,543
4,085,706
5,932.683
5,800,144
309,450
Taxes
Rentals
Interest on debt
Divid’son L. A N.,N.
& D. and M. A M...
1
$
M. A 8.
M. A S.
Y., R. T. Wilson A Co. Sept.
8ept.
do
do
do
do
Sept.
July
New York, Treasurer.
N.
1,
1,
1,
2,
1934
1934
1934
1887
Q.-J.
2^
July 1, 1887
July 1. 1934
Feb. 15, 1887
Boston. 2d Nat. Bank. April 1, 1912
Bost., Am.LoanA Tr.Co. June 1, 1923
Feb. 1, 1905
Boston, 2d Nat. Bank.
1890 to 1891
do
do
Oct., 1900
do
do
do
do
July, 1898
Bost., Merch’ts’ Nat.Bk. Jan. 1, 1894
July, 1891
Boston, 2d Nat. Bank.
do
do
July, 1891
do
do
April 1, 1895
Manchester and Boston. May 2, 1887
Q.-J. N. Y., Mercantile Tr.Co Oct. 1, 1887
do
do
July. 1908
J. A J.
Nov. 1. 1899
do
do
M. A N.
Jan. 1. 1906
do
do
J. A J.
Mar 1, 1910
do
do
M. A S.
May 1,1915
M. A N N.Y., Farmers’L.AT.Co
J. A J. N.Y.,Boody,McLel.&Co. July 1, 1911
do
July 1, 1911
J. A J.
l*a
6
«
6
7
5
6 g.
6 g.
0 g6 g.
683,0 <0
480,000
800,000
2,378,670
N. Y. Union Tr. Co.
do
do
J.
3,278,456
F. A A.
1,427,500
8
J.
576,200
6
Jan.
do
A J.
4
3
A D. Boston, N.
do
M. A S.
Eng. Tr. Co.
do
Mar. 1.
1908
1885.
lu86.
$461,538
223,869
50,000
217,951
50,000
50.000
$735,407
$94,747
66*62
$637.2 M
$633,123
Total charges
$288,832
$533,831
Deficit
Aug. 15, 1887
June 1, 1892
$369,300
1884.
$369,300
213,823
l, 1937
In 1883
rvfraaa*
Interest
Rentals, insurance and taxes.
Interest ou car trust bonds..
15.000 1
Dividend.
2ia
1,00-),000
650,000
1.000
4.963.723
$
5,754,092
198,591
1,000,000
lOOAc.
1986-87.
1884-85.
$
5,527,311
272,833
633,000
425,000
1,166,700
1,000
1885-86.
$
1883-84.
1,000,000
1.000
INCOME ACCOUNT.
Receipts—
496,500
756,800
1887
156
156
50
M.'&S.
5
6
Slocks—Last
Whom.
J. A J.
J. A J.
5
F. A A.
3
A. A O.
5 A 7
J. A D.
5
6 g. F. A A
6
M’nthly
6 g. A. A O.
J. A J.
7
6
lO. A J.
J. A J.
6
6
Q.-J.
A. A O.
6
A N.
M.
5
1.100.000
100 Ac.
500 Ac.
100 Ac.
500 Ac.
100 Ac.
100 Ac.
100 Ac.
100
100
pal, When Due.
Payable, and by
Payable
’
694,000
599,000
1,000
Bonds—Princi¬
Where
When
*4*
600,000
1,000
1,0 .0
1881
Rate per
Cent.
Outstanding
$4,550,000
10,600,000
7,-99,000
1,000,000
188 »
1884
discovered
in these Tables*
DIVIDENDS.
INTEREST OR
Amount
$100
1884
..
.
notice of any error
1,000
1,"()0
1,000
534
455
Louisville New Orleans <& Texas—Stook
lBt mortgage, coup, or reg
Lykens
by giving immediate
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
headings, Ac., see notes
Vol. XLY,
SUPPLEMENT,
INVESTORS’
64
Percen'age of operating ex.
87 26
79*27
William. Dowd, President, N. Y.
(V. 44, p. 59,90, 342, 401, 553,
621, 713.)
Louisville New Orleans & Texas—(See map)— Line of
584,
road
Memphis, Tenn., to New7 Orleans, La.. 456 miles; Lelandto Huntington,
4,315,819 Miss., 22 miles; Washington Co. branch, 34 miles-total owned. 512
117,095
116,242
113,090
miles. Leased -Clinton to Port Hudson, La., 22 miles; total operated,
49.299
44,815
11,000
Georgia RR. deficit..
531 miles. This road was built in the interest of tiie Huntington system
10,297 J
7,542
8,377
Miscellaneous
of roads, and forms the connecting link in that system across the
Continent from Norfolk to San Francisco. The income bonds are a first
4,681,135
4,643.727
4,637.806
4,716.145
Total disbursements.
on 75o,000 acres oi laud in the Yazoo Delta. The first mort¬
1,832,254 mortgage
11692,495
Jl,356,890
Balance, surplus.... tl,116,337
gage bonds are issued at $30,000 per mile on the main lino and $20,000
per mile on the branch lines. The second mortgage bond-are “in¬
t $32,838 to be refunded, included in surplus.
comes,” receiving 'merest only when earned, but unpaid interest is
cumulative; after Scot., 1888. these bonds may be paid off at 105. Mr.
1 $42,012 to be refunded, included m suiplus.
R. T. Wilson, Pres., N. Y.
From Jan. l to July 31, in 1887 t7 months),
|| $164,692 to be refunded, included in surplus.
gross earnings wTere $1,<>36,079, against $842,141 in 1886; net,
Balance sheetffor the four years ending with 1885-86 is given below:
$247,177, against $156,049. Gross earnings for year 18*6, $1,803,785;
GENERAL BALANCE AT CLOSE OF
EACH FISCAL YEAR.
net. $551,222.
Gross in 1885, $1,390,717; net, $360,711. (V. 44, p. 60,
1882-83.
1883-84.
1881-85.
1885-86. 185, 308, 434.)
A
^
^
Lykens Valley.—Owns from Millersburg, Pa., to Williamstown
Road.equipment, Ac. 67,385.426 67,776,084 67,930,874 68,433.091 Pa., 20 miles; branch, 1 mile; total operated, 21 miles.
It is a
Timber&<iuar. lands
715,773
688,<>24
689,911
598,746 coal road leased and operated by the Northern Central Railroad since
Stocks owned
18,565,852 t0.904,853
2.005,590
1,298,3 47 July, 1880, and previously by the Summit Branch RR. The lease is for
1.940,623
Bonds owned
4,050,673
4,249,*<01
4,435,098 999 years from March 1, 1866, and the rental is $62,500 per annum.
StksAbds. held in tr’t
9,527,878
9,527,878
9,527,878
9,527,878
Mahoning Coal Railroad.—Andover to Youngstown, O.. 38
2,011,330
1,922,*03
Bills A aec’ts. receiv.
1,771,487
1,9 <5,654 miles,
and branches for ore and co il, 5 miles; total, 43 m
On July 1,
Materials, fuel, Ac..
762,273
926,262 1884, the
833,112
726,621
wTas leased in perpetuity to the Lake Shore A M. 8. The
Cash on hand
242,929
297,316
-104,714
303,976 L. S. & M. road
guarantees the principal and interest of the 1st mortgage
1,454,904
1.565,968
1,733.805
So. & No. Ala. RR...
2,071,723 bonds, andSo.
guarantees 5 per cent per annum on the pref. stock.
Nash. & Dec. RR....
573,044
599, J78
603,250
618.148
-
c
921,690
Other roads
C. C. Baldwin acc’tl
50,000
Sinking fund
1,172,928
1,005,929
50,000
Profit and loss
635,978
1,507.793
850,808
850,809
50,000
2,479,344
94,222,561 96,324.187 94,591,970
$
$
$
Stock
30,000.000 30,000,000 30,0o0,000
57,903,230 57,539,712 61,958,314
Bonded debt*
Louisville bonds....
850.000
850,OnO
850,000
567,400
529,800
Debentures
Bills payable
526,558
3,599,266
189.279
475,759.
Interest
445,359
499,435
36,094
34.933
34,774
Miscellaneous
June pay-rolls, Ac..
1,130,936
1,236,152 1,060,168
Profit und loss
2,762,984
2,067,565
Total assets
Liabilities—
2,068,6 .6
93,705,275
$
30,000,000
61,355,254
201,000
41,229
501,528
34,327
1,571,937
Central.—Mileage as follows: Main line, Portland to Ban¬
Me., via Augusta, 136 6 miles; branches, Cumberland Junction to
Skowhegan, 90 7 miles; Bath to Farmington, 71*2 miles; Crowley’s
Junction to Lewiston, 4*7 miles; total owned, 303*2 miles. Leased—
Burnham Junction to Belfast, 33 J miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 1ST miles; Bangoi to Vance-'
Maine
gor,
Switch to Mt. Desert Ferry, 41*7 miles ;
operated, 527*2 miles.
1862 of the Androscoggin A Kennebec
Railroad and the Penobscot A Kennebec. In August, 1873, the Port¬
land A Kennebec, Somerset A Kennebec and Leeds A Farmington rail¬
roads were also consolidated with the Maine Central.
There are also #58,000 5 per cent debenture bonds due 1894 and
$20,000 Shore Line 6 per cents due 1923. The annual report wras pub¬
lished in V. 43, p. 773, for the fiscal year ending Sept. 30.
miles; Penobscot
boro, 114*1
total leased, 221 mil *s
Total
This was a consolidation in
FISCAL RESULTS.
1882-83.
94,222,561
Total liabilities..
96.324,187
94,591,970
93,705,275
deposited in the $10,000,009 trust have been deducted here
t Includes $5,000,000 L. A N. stock unissued.
\ An opt n account, the company claiming that Mr. Baldwin is indebted
*
The bonds
to it in
i
his
sum
—(V. 44, p. 59, 185,
308,434,458, 586, 713, 751; V. 45. p. 26,
239.301.
from
Ind., 289
Bedford, Ind.,
17^
20 miles ;
Howland’s Junction to Indianapolis.4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 617 miles.
A lease for
999 years with Chicago A Western Indiana at $127,000 per year gives
entrance to Chicago.
The Louisville New Albany A Chicago wTas opened in 1852 and sold
in foreclosure Dec. 27, 1872, and reorganized without any bonded debt.
In Aug., 1881, consolidated with Chicago A Ind. Air Line, and stock
increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug.-.31.
The consolidated bonds of 1886 were made for the authorized amount
Of $10,000,090, of which $5,300,000 was reserved for the prior first
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 188 4 outstanding, an-I the balance
$1 ,70 .00o used for building new road, for improvements, Ac. *-Tn June,
1887, all the ear trust certificates were to be i aid off.
Fiscal > ear ends Dee. 31. The annual report for 1886 was in V. 44,
p. 584.
Earnings, expenses and charges have been as follows :
Louisville New Albany A Chicago— (See map)— Operates
New Alnany, Ind (opposite Louisville, K.v.), to Michigan City,
miles; Howland Junction to Hammond, Ind., 160 miles;
to 8w*itz City, 43 miles; Orleans, lud.. to French Lick Spr.,
miles; Jotal owned, 509 miles; leased—Hammond to Chicago,
1884.
Gross earnings
Operating expenses.
Net earnings
18*5.
1886.
$1,680,454
1,365,144
1,332,'35
$1,919,189
$199,292
$348,418
$640,661
$1,56*.436
1,278,528
1883-84.
18*4-85.
1885-86.
$2,816,373 $2,839,779 $i,001,078
1,750,710 1,730,902 1,820,740
$995,787 $1,065,663 $1,108,877 $1,180,336
earnings $2,835,494
Expenses and taxes.
1,839,707
Total gross
Neteamings
INCOME ACCOUNT
1882-83
1883-84.
1884-85*
$995,787 $1,065,663 $1,108,877
Receipts—
Net earnings
29,121
Other receiuts
Total income....
jyisb uvscnicuts
Rentals paid
Interest on bonds...
$1,024,908
$182,958
644.146
197,522
Dividends....
Total
Balance
disburse’s
$1,024,626
$282
1885-86.
$1,180,336
7,400
$1,076,084 $1,116,705 $1,187,736
10,421
7,828
$189,000
$189,000
701,767
215,541
$189,000
707,130
215,573
$1,065,927 $1,106,308 $1,111,708
$10,157
$10,397
$76,028
661.395
215,532
-(V. 43, p. 102, 217, 334, 458, 618, 773.)
Manchester & Lawrence.—Owms from Manchester, N. H., to
Methuen (State Line), 22*4 miles;
leased, Methuen Branch of the
Road In
Boston A Maine Railroad, 3\ miles; total operated, 26 miles.
operation since 1849.
leased at a rental of $11,000
two-fifths interest in the Man¬
Rli.,
Concord RR.
road for 50 years to
dividends. The fiscal
Gross earnings in 1885-86, $177,86-, n<-,„ $100,Methuen branch is
claim to
a
per annum. Company lays
chester <te North Weave
which is operated by
In June, 1887, the vt. a. L. voted to lease its
Boston A Maine at a vernal paying 10 per cent
year
ends March 31.
$172,524 ; net, $100,691. (V. 44, p. 807.)
Elevated.—Road operated, 32*39 miles. This was a
corporation formed (Nov. 24, 1875) to lease and operate the two elevated
In 1886-7, gross,
Manhattan
railroads in New* York City.
it wras to pay the interest
and certain dividends. The
10 per cent per annum on
October, 1881, by
Its capital stock was
$13,000,000, and
the bonds of the two elevated roads
original lease of May 20, 1879, guaranteed
on
the stocks, but this lease was
agreements among the three
amended in
companies, which were
SUPPLEMENT.
INVESTORS’
66
Subscribers will confer a
on
MarquetteH.dk O
of column headings, Ac., see
first page
—
of tables.
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
notes
(OonVd)—Bonds for ext.,Ac.,guar
rnortg. on Mar. & West., guar
Charleston—Stock
1st Sc 2d. mort. extension bonds, Ala. & Miss. Div.
2d mortgage, extended
ConsoL.gold ($1,400,000 lstm. on 93m. in Tenn.)
M. H. & O. 1st
Memphis dk
1180-2. 82-3564.
General mortg.,
gold
Memphis dk Little Rk.—1st preference mortgage
‘General mort., land grant, (s. f. $10,000)
Mexican Central
(Mexico.)—1st mort., reg., gold
Income bonds, conv.,
...
181
292
292
133
133
1,340
:
(income)
161
Texas-Mexican, Corpus Ch.S.D.A R.G., 1st M., gd.
165
do
1st mortgage, gold ($15,000 p. m.)
1,502
Michigan Central—Stock
270
Consolidated mortgage
_
($2,000,000 are 5s)
M. C. Michigan Air Line
103
mortgage
Michigan Air Line 1st mort., assumed by M. C
M. C. bonds, mort. on Grand River Valley RR.
Kal. A So. Hav., 1st and 2d morts., guar
Grand River Valley, stock, guar
Detroit A Bay City 1st en’d. and bridge
M. C. mort. on Detroit & Bay City Railroad
Jackson, Lansing A Saginaw, consol, mort
Jackson Lansiug A Saginaw consol, mort
Middletown Unionville dk Water Cap— 1st mortg.
do
do
2d mort. guar
10
..
ext.
$1,000
1,000
25
_
.
1854
1867
1877
1884
1877
1877
1881
m
84
39
84
m
<m
~
<m
-
1,000
$1,500,000
1,400,000
5,312,725
2,155,000
2,264,000
1,000,000
250,000
1,000AC
250 Ac
1,000
1,000
100, Ac.
1,000
3,825,570
2,500,000
11,500,000
1,000
1,000
12,165,000
12,165,000
7.040,000
1,000
100
m
1872
1870
1870
’79-86
’69-70
2,600,000
41,170,000
8,734,UOO
1,000
l,000Ac
1,000
+
960,000
1,380,000
18,738,204
1,000
1,000
10,000,000
1.000
200.000
1,000
1,000
1,500,000
1,900,000
710.000
491,200
100
145
1872-3
145
236
298
1881
1871
1880
1866
1871
:13i
mm
1,000
1880
1881
m
m
Amount
Outstanding
105,000
1884
1885
1887
1887
1887
(V. 39. p. 733)
($9,000 p. m).
“B”
1883
1885
330
not cumulative, reg
Coupon notes for interest funded
Debentures (secured by collateral)
Mexican Rational— 1st M., new, gold
2d mort., series “A”
2d mort., gold, series
8d mort. debentures
discovered in these Tables,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
immediate notice of any error
great favor by giving
[y0L XLV.
.
m
m
m
424,000
m
1,000
3,576,000
1.000
1
1,000
1,100,000
....
....
943,000
150,000
250,000
Rate per
When
Cent.
Payable
6
6
Where
Stocks—last
Dividend.
Whom.
J. A D. Boston,
do
- A. A O.
N. Eng. Tr. Co.
do
-
i
'
1923
April 1, 1925
June 1,
....
....
7
7
7 g.
6 s.
8
8
4. g.
3
10
10
6 g.
6 g.
6 g.
5
7 g.
6 g.
2
7 A 5
8
8
6
8
pal, When due.
Payable, and by
J. N.Y..W. H.Bro wn A Bros.
do
do
J.
do
J.
do
J.
do
do
N.
/
J.
J.
Boston, Olfice.
do
July 1
do
J. A J.
J. A D.
New York.
New York.
J. A D.
A
A
A
A
A
A
A
J.
J.
J.
J.
M.
J.
J.
n
.
.
T
,
.
.
t
Jan. 1. 1915
1915
Jan. 1, 1915
Jan. 1, 1924
May, 1883-84
July, 1907
July 1, 1911
July 1, 1911
July 1, 1889
Dec. 1, 1927
Dec. 1, 1927
....
J.
J.
F.
M.
J.
M.
M.
M.
2*2
J.
8
5
8
6
5 g.
5
M.
M.
M.
M.
M.
J.
A J.
A J.
A A. Grand Central Depot.
A N. N. Y., Union Trust Co.
A J.
do
do
do
do
A N.
do
do
A S.
do
do
A N.
do
do
A J.
do
A N.
do
do
do
A S.
do
do
A S.
do
do
A S.
A N. N. Y., N. Y. Susq. A W.
do
do
AD.
luly 1, 1901
July 1, 1921
Aug. 15, 1887
May 1,-1902
Jan. 1. 1890
Mov., 1890
Sept., 1909
Nov. 1,
’89-90
July, 1887
May 1,1902-3
Mar. 1, 1931
Sent. 1, 1891
Sept. 1, 1891
1911
1896
earnings were $127,"in 1886; net. $54,973, against $20,590.
For the year ending June 30, 1887. gross earnings were $1,643,513 ;
Manhattan Company, but this was never accepted by the Metropolitan
net, $448,022. and in 1885-86 $1,323,529 gross ami $386,315 net.
stockholders, and, after litigation, it was decided against the Manhattan ' -(V. 43, p. 190. 368, 398, 516. 678. 671; V. 44, p. 22, 119, 300, 551,
In June, 1884, a new compromise agreement was made and afterward 713
; V. 45, p. 26. 180, 239, 272, 304.)
ratified by the stockholders of the three companies by which all liabili¬
ties were assumed, and new stock was issued by the Manhattan Com¬
Memphis Sc Little Rock.—Owns from Little Rock, Ark., to Mem¬
phis, Tenn., 135 miles. Default was made Nov., 1872, and the property
pany to the holders of stocks in the other companies, viz: For Manhat¬
sold in foreclosure. The road was again sold and reorganized April 28,
tan. 85 per cent in new stock; for New York, 120 per cent; for Metro¬
1877. The stock is $1,500 000. The company had a land grant from
politan, 110 per cent.
Tnere are large claims pending against the elevated roads for damage Congress of 1,000,000 acres,
in April. 1880, control of this company
to property on their lines, and many of these are before the courts. The was purchased by parties in the interest of the St. Louis A Iron Moun¬
Afterward default was made on the coupons and in August, ’84,
Court of Appeals’ decision was against the Company in the Lahr and tain.
the property was placed in hands of trustees of the general mortgage.
Wagner suits referred to in V. 44, p. 173.
In 1886 the debentures of the New York Elevated were issued for Litigation ensued between the trustees and the company (St. L. A Iron M.
advances made by the Manhattan Co. for new equipment, new construc¬ interest), and in Jan.. 1887, the U. S. Supreme Court decided in favor of
the trustees and held they had a right to be subrogated to the lien of
tion, tax arrearages, Ac.
The stockholders of the Manhattan Elevated RR. had the privilege the State.
In April, 1887, the road was again,s< Id and bid in by the
July, 1886, of taking $600,000 stock and $600,000 bonds of the Subur¬ Dow party, and other sales pro forma to perfect title were made May
24 and Sept 2,18»7.
ban Railroad Co. on certain terms. See V. 43, p. 49.
V. 44, p. 149, 185, 495, 681; V. 45, p. 304, 341.)
From Oct.l
1886, to June 30, 1887 (9 months), gross earnings were
Mexican Central (Mexico).—In May, 1887, the mileage was—
$6,063,389, against $5,537,347 in 1885-6; net, $2,647,642, against
$2,701,090; surplus over interest, rentals and taxes. $1,187,117, against Main line from Mexico City north, to El Paso del Norte 1,225 miles,
106 miles on Tampico Division, 11 miles on Guanajuato Branch, and 16
$1,324,827.
The reports for year ending Sept. 30 have shown the following income: infies on the Pacific Division, and a short branch, 7 miles, to stone quarry,
supplemented by an agreement of Nov. 14, 1881, for the surrender of
the stocks of the other companies, and the issue of new stocks by the
From
July 1 to July 31 in 1887 (1 mouth), gross
897, against $95,463
,
Gross earnings
1884-5.
$7,000,567
$7,426,216
$2,841,410
$3,032,584
$3,191,615
1.531,984
$1,059.641
1,560,000
3,894.949
Operating expenses
Net earniugs
Interest on bonds, and
rentals.. 1,381,713
$1,459,097
1,170,000
Balance
Deduct dividends
1885-6.
1883-4.
$6,726,359
3.967,983
1,459,043
$17573,541
'
1,560,000
$13,541
4,234,601
$99,631
$289,697
Surplus
The following is a statement of the number of passengers carried on
the elevated railroads in New York, and the gross earnings, since the
completion of the roads:
Earnimrs.
Passengers.
Earnings.
Passengers.
$6,386,506
92.124,943
$3,526,825
1878-79.. 46,045,181
6,726.359
96,702,620
4,612,976
1879 80.. 60,831,757
7,000,566
103,354,729
5,311,076
75,585,778
7,426,216
115,109,591
5,973,633
86.361,029
—(V. 43, p. 49, 459; V. 44, p. 173, 244, 621, 654 ; V. 45, p. 272, c04,)
Marietta Columbus Sc Northern.—Itoad from Marietta,
Jojr, 38 m.; Branch to Stuart, 4 in., to bo built. Formerly the
O., to
Marietta
Mineral road, and name changed (no foreclosure). In 1887, gross earn¬
ings for six months from Jan. 1 were $22,479; net, $ll,7t>8. Gress
earnings hi 1886-87 were $71,c53; net, $39,991. W. P. Cutler, Mari¬
etta, O., President.
Marietta Sc North Georgia.—This narrow-gaugeroad, completed in
the fall of 1886, extends from Marietta, Ga., to Murphy, N. C., 112
miles, and is projected from Atlanta, Ga., to Knoxville, Tenn.,
miles. Stock is $L,560,000. About $l,5u0,000 has been subscribed by
int rested parties, including $275,000 bv the city of Knoxville;
to
200
and
finish and equip the road, and to
provide additional means required to
retire all the bonds heretofore issued, the company has mortgaged its
entire road, built and to be built, to the Central Trust Company of New
York, to secure first mortgage consolidated bonds for $4,500,000. The
whole amount of bonds heretofore issued was $1,166,000, the holders
of which have the right to exchange for bonds of the new issue, and
more than half of the holders have assented to the exchange.
Gross
earnings in 1886-87 were $77,366; net, $40,203.
R. M. Pulsiter, Presi¬
dent, Boston. (V. 43, p. c.47, 678, 607.)
Marquette Hougliton Sc
Ontonagon,—{Sec Map Duluth Smith
Marquette, Mich., to Houghton, 113 miles;
branches, 43 miles; total operated, 156 miles. Has a land grant of about
80,000 acres. Business consists largely of transportation of iron ore.
In Oct., 1886, a controlling interest was purchased by a syndicate in
the interest of the Duluth South Shore A Atlantic RR., with which
Shore t£ A.)—Owns from
company a
close contract was made under
date of April 15, 1887. by
which the D. S. S. A A. operates this road and agrees to pay the interest
on bonds and six per cent yearly on the pref. s'oek as it stands above.
The report lor 1886-7 showed the following: Net income.,
$427,995.
debt, $305,552; dividends, $56,167; total
Balance, surplus, $65,976. (V. 43, p. 547;
Disbursements— Interest on
disbursements. $362,019.
V. 44, p. 681; V. 45, p. 142.)
Memphis Sc Charleston.—(See
Map of Fast
Tennessee Yir-
ranches—toSomervillo
dk Georgia).—Owns 14
miles,
to Florence
6 miles;Ala.,
leased,
272 Steven
Cinia
from
Memphis
to Stevenson,
miles;
son
to
Chattanooga, 40 miles; total
operated, 330 miles.
This road was
leased June 2, 1877, to the East Tennessee Virginia A Georgia Rail¬
road for twenty years from July 1, 1877. Of the
mort¬
gage, $1,400,000 are secured by the old Tennessee State lien for
906, assigned to a trustee, and thus stand higher in value.
In Sept., 1883, a large block of the stock was obtained by
ested in the East Tennessee Virginia A Georgia RR., and in Sept.,
1885. this and enough more to make a majority was put in the Central
Trust Co. tor the E. T. V. A G. Co
consolidated
$1,736,parties inter¬
made a total of 1,365 miles. Other work in progress.
The company was incorporated Feb. 25,1880, under the
of Massachusetts, and by transfer the company holds the
the Mexican Government, granted Dec. 5,1874, for a road from
general law
charter from
Mexico
City to Leon, and by modification including lines to Paso del Norte.
Guadalajara and Laredo. The company also has other rights granted
by the State of Chihuahua.
The company had a subsidy from
the Mexican Government of $15,200 per mile on most of the lines,
payable in “ certificates of construction to be redeemed with 8 per cent
of all duties produced at the maritime and frontier custom-houses of
the Republic.”
In June, 1885, the Mexican Government stopped pay¬
ing all subsidies, t ut resumed July, 1886, on a basis of % of 1 per cent,
increased to 1 p. ct. Jan. 1, 1887, and after that 1 per cent every six
months, till July, 1890 the full 8 per cent is reached. The incomes are
convertible into stock at par. The stock is $35,000,000.
The above 10 per cont coupon notes are secured by deposit of coupons,
and by an amount of Mex. Gov’t subsidy certificates equal to the prin¬
cipal and int. of the coupon notes.
The total amount of 1 st mort. bonds
issued stood in May, lb87, at $13,670,000, and $2,500,000 of tho^e were
deposited as collateral for the debenture bonds.
In Dec., 1885, it was proposed to reduce the interest on 1st mortgage
bonds to 4 jer cent, with an agreement to pay the remaining 3
per cent in any year when earned, but not to be cumulative, and
mi to Jan.
1, 1887, all the bondholders except $1,338,000 had
assented to this arrangement and exchanged their 7 percent coupons for
a sheet of 4 per cents.
In July, ’86, ana Jan.,’87, all coupons falling
due wore paid
in cash and
in assented 1st mortg. bds. in treasury
From April 1, 1887, cash payments were lesumed on the bonds
of Co.
as coupons fell due.
From Jan. 1 to July 31, 1887 (7 months), gross earnings were $2,692,-
$u58,852 (in
157, against $2,119,804 in 1886; net, $1,196,959, against
Mexican currency).
The annual report for 1886 was in V. 44, p. 6) 9, 625. showing
earaingsof $3,857,705; net, $1,404,617, equal in U. 8. money
071; subsidy collections in 1886, $58,437. Total subsidy
gross
to $1,102,-
collections
equal to $3,237,589 in U. S. money.
—(V. 43. p. 88, 162, 368, 547, 671, 746. 766, 774 ; V. 44, p. 22, 149, 211,
216, 275, 308, 343, 466, 619, 625, 681; Vol. 45, p. 53, 113.)
from the
beginning, $3,782,492,
Mexican
National Railroad (Mex.)—In
Oct.,1886. road was from
Laredo to
total
Corpus Cliristi to Laredo (Texas Mexican HR,), 161 miles;
Saltillo, 236 miles; Matamoros Div., 75 miles; branches, 27 miles;
Northern Division, 479 miles ; City of Mexico to Paszcuaro, 273 miles;
Acambaro to San Miguel, 76 miles; El Salto line, 42 miles; Manzanillo
to Armeria. 29 miles; branches, 34 miles; total Southern Div., 454 miles:
total road finished, 933 miles, leaving a gap of 370 miles to be completed
to connect the Northern and Southern divisions.
The Texas-Mexican
belongs to this company and forms pare of its line, the Mexican
Nat.
owning $1,196,000 of its b« lids, and nearly its whole stock of $2,500,0o0;
a’so an interest in $248,000 of the Corpus C. b’ds. The company received
a subsidy of $11,270 per mile of road, secured by 6 per cent of the
Government receipts from customs. In July, 1885, sub'idy payments
were suspended, but resumed on a graded scale in ’86. See V. 43, p. 103.
In Oct., 1886. a modified plan of reorganization was made, by which
foreclosure took place May 23, 1887, and a new nn-r.gage at
per
mile ($12,500,000) was placed on the whole load, most of this to be used
to oomplete the gup of 370 miles, which is now in process of construc¬
The stock ;s *33,350,uOO. (See
tion. The old bonds are a seeoud lien
V. 43, p.598, and V. 44, Chronicle of March 19. 18>7, p. V. of advts.)
For 1885 gross earnings were $1.321,627; net, $208,890.
Forl8b6,~
gross. $1,511,855; net, $262,516.
(V. 43, p. SS. 102, 245, 274, 309,
459, 598 ; V. 44, p. 275, 369, 401, 681; V. 45, p. 132.)
$9,000
Michigan Central.—Line of Road.—Main line—Kensington to
and Windsor to Suspension Bridge (Cam So.). 226
miles; total main line, 496 miles. Branches owned and leased—Mich.
Detroit, 270 miles;
September,
1887.]
RAILROAD SfOCKS AND BONDS
or
Subscribers will confer a great
favor by giving
explanation of column headings, Ac., see
on first page of tables.
Milw. Lake Shore <& West—Common
Preferred st<>ck
Consol, mort., gold
Income bonds (not cumulative)
notes
577
577
346
stock
85
40
56
Grand Trunk, 1st, gold, int.guar.
Funding notes
Equip
ent
Convert, debentures for
$2,000,000 gold
Ontonagon, 1st M.. gold
($15,000 a mile).
Milwaukee «£• Lake Winnebago— 1st mortgage,
Income bonds, gold (cumulative)
Debentures, gold
Milwaukee <£■ Northern—1st mortgage
Bonds for $8,000,000
16
65
gold.
126
143
137
($2,155,000 are reserved)..
Schuylkill Haven—Stock
Mineral Range—Stock
Mine Hill &
1st mort., coup
1st mort., gold, on
immediate notice ot any error discovered in tbese
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Equipment bonds
Michigan Div., 1st mortg , gold (for $3,000,000)..
Ashland Division. 1st mortgage, gold
Bt. Paul Eastern
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT,
INTESTOKS’
68
17Uj
12^
4hl
branch and extension
Houghton extension, gold
Morig*go of October, 1886
—. ...
Minneapolis <£ Pacific— 1st mortg., $15,0<)0 p. mile
Minneapolis <t St. L— 1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to State Line ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold, coup. (Al. Lea to Fort Dodge)
Improv. and equip, in., 1st series, coup
Mortgage on Southwestern extension
2d. bds., inc.,5& 10yrs. (White Bear to Ft.
1st mortgage, gold, Pacific Extension
Wis. Minn A Pacific. -1st mortg
Air Line RR.. 115; Jol. A No. Ind., 45;
Lan.A Sag.. 295; Kal. A So. Hav.. 40 ;
& No. W, 64; Tol. Can. So. A Dot., 56;
& Can., 15; Canada So. branches, 99 ;
Dodge)
261
27
93
15
102
360
53
172
92
205
Amount
Outstanding
$2,000,000*
5,000,000
4,350,090
$100
....
100
1,000
1881
1881
1882
18*4
1885
18*3
1885
1885
1887
1886
1882
1882
1884
1880
1884
1.000
500.000
1,000
180,090
1,090
1,000
l,281.0i-0
1,000.000
1,0(10
1,000
1,090
1,000
923,000
200.000
5'*0,000
650,000
225,009
1,430,000
i,o’oo
520.090
1,000
209,000
2,155,000
1,000
1,000
1873
1885
1886
18-6
18*6
1877
1877
1877
1879
1882
1880
1880
1881
1884
1,976.090
4,08 l ,900
50
100
100 Ac.
400 000
198,900
1,000
100,009
500 Ac.
100 Ac.
259,090
100,000
3,133,909
455,000
1,000
1,000
950,000
280.000
500 Ac.
1,000
1,000
1,000
1,000
1,015,000
2,009,000
636,000
500.000
1,000
1,382,000
1.000
1.000
Grand River Valley, 84; Jack
Det. & Bav City, 152 ; Sag. Bay
Can. So. Br. Co., 4; Mich. Mid.
Sarnia Chat. A Erie, 7; Erie
Niagara. 31; total branches. 1,006 miles; total operated, 1,502 miles.
There are 121 miles of second track and 569 miles of sidetracks.
Organization, Leases, Ac.—The Michigan Central was chartered in
1846; the whole line, Detroit to Kensington, was opened in 1852. The
Detroit & Bay City road was foreclosed Feb. 12, 1881, and pur¬
chased for the Michigan Central, which leased it and put a mortgage
The other lines described above as leased are all held by
on the road.
the Michigan Central nominally under leases at fixed rentals, but are
3.080,090
Rate per
Cent.
When
Where
Tables.
Bonds—Prinol*
pal.When Due.
Payable, and by
Whom.
Payable
Stocks- Last
Dividend.
‘
J.
6
6
8
6
6
6
7
6
M. A N.
g.
g.
g.
g.
M.
J.
J.
M.
J.
J.
J.
F.
A.
J.
J.
New York.
AT.
3hs
A N.
A J.
A J.
A S.
A J.
A D.
A J.
N.Y., N. Bk. of Com’rce
do
do
N. Y., S. 8. Sands A Co.
N. Y. Bk. of Commerce
N. Y. Bk. of Commerce
N. Y., S. S. Sands A Co.
do
do
do
do
July 15, 1887
May 1, 1921
May 1, 1911
1892
July
1,
1924
Mar. 1, 1925
Jam. 1. 1913
1887-8
1890-95
Feb. 1, 1907
1896
July 1, 1912
do
do
do
do
A O.
New York A B iston.
A J.
do
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July 1, 1912
A J.
do
do
A. A O.
April 1, 1904
June 1, 1910
J. A I). N.Y.,Merch.Exch.N.Bk
6
June 1, 1913
New York City.
6
J. A I).
J. A J. Pliila.M.H. AS. H. R.Co. July 15, 1887
3^
2 8*
Q.-J- N. \\, Winslow, L. A Co. July' 5, 1887
Juue, 1888
do
do
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8
Oet. 1, 1915
do
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A. A O
5
Jan. 1, 1916
do
do
J. A J.
5
Oct.
1, 1926
do
do
4
J. A J.
5
J. A J. N. Y., Am. Ex. Nat. Bk. Jan. 1. 1936
Jan. 1, 1907
7 g. J. A J. N.Y., Bank of No. Am.
June 1, 1927
do
do
7 g- J. & D.
7 g. M. A N. N. Y., Cent. Nat. Bank. Jan. 1, 1907
June 1, 1909
7 g- J. A I). N. Y., Bauk of No. Am.
July 1, 1922
do
do
6
J. A J.
Dec. 1, 1910
do
do
7
J
A D.
1890
do
do
7
J. A J.
do
do
April 1, 1921
6 g. A. A O.
Oet. 1, 1934
do
do
A. A O.
6
5 g.
6
6 g.
5 g.
6 g.
A A.
Milwaukee Lake Sliore Sc Western.—From Milwaukee, Wis.,
Ashland, Wis.. 391 miles, of which 4 miles are leased; branches—
Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles;
Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles ; Monico
to Rhinelander, 16 miles: Clintonville to Oconto, 56 miles; branch to
mines, Ac., 36 miles; branches to Michigan mines, 4 miles: Watersto
meet
branch, 5 miles; Ontonagon River branch,
6 miles; total, 577
to the former
to the
ertible
the date fixed for
payment of dividends on common stock. The, equipment bonds are
redeemable $30,000 p* r year at par; the funding notes $100,onO per
practically owned. The land grant came from the Jackson Lansing & year; and the equipments of 1885 at $100,000 per year after lo90 ; the
Saginaw company as stated below.
Ontonagon 1st mortgage $25,OeO per year at par.
In Nov., 1882, a close contract was made with Canada Southern for
From January 1 to Jun** 30 in H*7 (6 months) gross earnings were
working its road by the Michigan Central and for the division oi $1,451,711, against $942,768 in 1-86; net. $616,832. against $*21,472;
net profits over all charges as follows—one-tliird to Canada South¬
total net receipts, $6i9.131, against $440,205; balance over fixed
miles. This company was organized in 1876 as successor
^referred stock has a preference
company' foreclosed in 1875.
extent of 7 per cent from net earnings. The debentures are conv
into stock at par at any time within ten days after
and two-thirds to Michigan Central; but the latter company is
entitled to an increase on this proportion as it diminishes its interest
charges, $369,879, against
charge by payment of bonds or otherwise.
Stocks and Bonds—The Michigan Central stock lias remained at the
same amount since 1873.
Prior to 1873 it was-a regular 10 per cent
stock. In 1872-73 paid 5 per cent and 4 in scrip, but afterward paid
no dividend till 1878, and since then irregular amounts.
Since 1870
dividends have been; In 1870-71, 10 per cent: 1871-72, 10; 1872-73,
5 and 4 in scrip; in 1878,2; in 1879, 3h>; in 1880,8; in 1881, 6*2; in
1885, $1,374,807; net, $130,417; interest
ern
$189,769.
Gross receipts in
and rentals. $366,845. In
1886, gross receipts were $2,353,982; net, $1,031,380; interest and
rentals, $507,210. (V. 43. p. 162, 274, 334; V. 44, p. 60, 90, 18 3, 275,
for 1886 was in V. 44, p. 399.
The annual report
*
308, 343, 399, 553
Milwaukee Sc
;
V. 45, p. 240.)
Winnebago.— Owns from Neenah to
Built in 1882 and leased for 99 years to Wiscon¬
sin Central at 37hi per cent of gross earnings as
rental; but after
$175,000 per year is recei ved the balancaof net earnings is to be equally
divided. The $1,0<i0 000 debentures were authorized to be issued as
required for improvements, and they are convertible on any' coupon day
into pref. stock; the lessee pays interest on them till 1894.
Pret stock,
6 per et, cum., $780,000; com. stock, $520,000; par of shares, $100.
Milwaukee A Northern—(See Map.)—Owns from Schwartzburg,
Lake
Schleismgerville, Wis.
paid; in 1883, 5 ; in 1884. 3; in 18-5 and 1886, nil.
prices of the stock has been as follows: In 1871. 114®
126; in 1872, 113®120; in 1873, 65®111; in 1874, 68h2®95hj; in
1875, 53® 82 *4; in 1876, 3458®65V, in 1877, 35^74*4, in 1878,
5812®75 ; in 1879, 73V®98; in 1880. 75® 130*8; in 1881, 84^®120;
In 1882, 77®105; in 1883. 77®10018; in 1884, 5134®!)!*$; in 1885,
4612®7934 ; in 1886. 61^®983i; in 1887 to Sept. 16, 80@95'ia.
Wis., ioIiou Mountain. L99 miles; branches—Menasha and Appleton to
The Jackson Lansing A Saginaw cebt is assumed by Michigan Central,
Hillbert,Wis.. 21 m; Ellis June, to Menominee, 22 m; total operated,
which also pays $70,000 per year on the stock of $21000,000; the pro¬
ceeds of J. L. & S. lands go to pay bonds, and in 1886 sales amounted 242 miles. Uses Chicago M. A St. Paul track, 9 miles, into Milwaukee.
to 8,088 acres for $201,479 (including timber), leaving 304,146 acres Other lines in progress June, 18s7. Sec full statement in V. 44, p. 813.
The stock is $4,13 i ,000
From Jan. 1 to Juno 3c. in 1887 (6 mos.) gross
unsold, and land notes on hand, $324,031.
earnings
were $141,4o3 ; m*t, $168,919; lixed charges, $96,90 ); surOperations, Finances, Ac.—1The Mich. Central after 1873 becoming
lus, *72,019.
Gross earnings in 1886, $646,226; net, $232,085;
liable for heavy obligations on leased lines, the company suspended
fixed charges, $200,961; surplus, $31,124. (V.43, p. 368; V. 44. p. 244,
dividends. The road on through business is much affected "by the com¬
276, 781, 80*, 813; V. 45, p. 53 )
petition between Chicago and points eastward, and by the rates on
Mine Ilill Sc Schuylkill Haven.—Owns from Schuylkill Haven,
through freights It is operated under a close contract with CanadaSoutliern and the earnings of both loads are included in the statistics below.
Pa., to Locust Gap, Pa., with branches, i 37*2-miles
Road was leased
The couipaiative statement for six months ending June 30, June
May 12, 1864, to the Philadelphia «v Reading Railroad Co. for 999 years
at
a rental of $326,552 per year.
There is no debt, and 8 per cent divi¬
being partially estimated in 1887, is as bilow.
1886.
1887.
dends are paid. Operations are included iu lessee’s returns.
Gross 6'<mini's
$5,436,000
$6,3*1,000
Mineral Range.-Houghton, Mich., to Calumet, Mich, 15^
3,952,000 miles; branch, Franklin Station to Franklin, 2 miles; total 17^ miles.
Operating expenses and taxes
4,511,000
72-7
Per cent of oper. expenses to earnings
70 9
Dividends have been regularly paid since the opening of the road.
In 1886 gross earnings were $81.244 ; net, $40,522 ; surplus over inter¬
Net earnings
$1,484,0*0 est and dividends, $3,922. In 1885, gross earnings, $8L,429; net, $33,.
$1,850,000
1,2.10,000 538. This road was under the II. S. Ives management, but in August,
Interest, rentals, Ac
1,276,000
1887, a new board was elected. (V. 43, p. 132 ; V\ 45, p. 272.)
$194.00.•
$574,000
Surplus
Minneapolis \ Pacific.—From Minneapolis northw« st to Rau47,640
Canada Southern proportion
170,000
soni, Dakota, 228 miles.
Completed Dec., 18*0; 7 4 miles further west
in Dakota in progress.
Owned in part by c apitalists iu Minneapolis,
$146,360
Michigan Central proportion
$404,( 00
and Income certificates for $4,327,OoO are held by the .projectors and
Dividend
(2$) 374,764
friends of the company'. Bonds sold in New York iu 1887 by Jno. HI
Davis A Co.; they are limited to $12,500 per mile for road and $2,500
Balance
Sur. $.9,236
Sur $146,360
per mile for equipment. IIou. W. D. Washburn, President, Minneapolis,
The annual report in V. 44, p. 583, gave the following:
Minn.
(\. 44, p. 204, 211, 2L3.)
1882,
none
The range in
INCOME ACCOUNT.
1884.
$
$
2,699,945
79,858
2,692,791
4,335,830
$
184,310
2,249,106
611,571
2,779,803
2,76>,b07
■$
3.044,987
2,659,050
120,753
Receipts —
Net earnings
Int. and dividends
Total income
Disbursements—
Rentals paid
Interest on debt
Can. So. (t;J of net)
4,268,129
..
Total
Surplus for div’ds...
Dividends
Rate of dividends
Balance
67,701
.
1,290.843
$
184,310
2,454,292
20,448
1,124,292
1886.
1885.
.$
1883.
$
3,891,14 9
45,190
72,216
3,936,339
2,482.443
8,679
*$
184,MO
2,39 ,674
407,335
2,675,432
2,984,319
89,575
952,0.0
3 <4,764
**■>
184,310
•
........
(2)
(6)
..
sur.
166,551 sur.120,753
sur.89,575 sur.577,256
*The balance to credit of income account Doc 31.1886, was
—(V. 43. p. o,23 ; V. 44, p. 6, 22, 5 83 ; V. 45, p. 5, 26.)
$1,494,124.
Middletown Union villc <V
Water Gap.—Owns
dletown, N. V., to Unionville, N. J. State Line, 13 miles.
Ts
by N. Y. Sus. A West, by ownership of stock.
from Mid¬
controller
In 1886 extended first
mortgage bonds for 25 years at 5 per cent. Gross earnings in l885-*6
$39,- 90; net. $16,171; def. under interest. Ac.. $8,931. Gross in 1*8J 5,
$3*,489: net. $12,191; deficit- under interest, Ac., $14,303.
Stock,
$149,850. (V. 43, p. 162.)
Minneapolis
Sc St.
Louis.—Owns main line, Minneapolis to
Angus, Iowa, 2o9 miles; Paeitle Division,Hopkins to Morton, 92 miles ;
Kaio Branch, 2 miles; Lake Park Branch, lh2 miles; total operated, 354hj
Paul &
miles. Leases trackage from Minneapolis to 8t. Paul over St.
No. Pacific RR ; also owns from Minneapolis to White Bear, 12 miles,
which is leased to the St. Paul A Duluth RR.
The bonds of the $1,100,000 mort. (1877), numbered from 1.101 to
1,400, for $500 each ($150,000 in all), are guaranteed by the Bur. Cedar
Rap A No. RR. The bonds on the 15 miles were issued by the Minneapolis
A Duluth Rai road before it was absorbed by'this company'.
Preferred
stock of $8,000,000 is authorized ami $4,000,000 issued; common stock,
$9,000,000 .authorized and $6,0u0,000
issued; par of both $100 per
share. The projected Southwestern extension runs from Fort Dodge,
(a., towards Kansas City, Mo., 325 miles, with a branch to
Bluffs, 140 miles. R. R. Cable, President. Chicago.
The Wis. Minn A Pacino, Red Wing, Minn., to Eagle Lake, 84 miles,
and Morton to Watertown Juno., 121 miles, is leased and operated by this
company, but tin* M. A St. L. has no oolig ition for the bonds
Com.
Council
stock,
pref., $3,080,00«.
Net earnings of the M. A St. L. in
1886 were $ >0,495. • has. F. Hatch, President, Minneapolis.
From J ui. lt-oJul.y31 in 1 -87 (7 monihs), gross earnings of the M A
St. L. were $835,653, against $806,163 in 188b; net, $205,411*, against
$206,869.
In 1886. gross earnings, $1,549,620: net, $494,700, rentals, Ac., re¬
el ive
$9 ,552; net income $590,252: deduct rentals. $45,656. and
interest,$352,MO, deficit, $8,163. (V. 43, p. 217 ; V. 44, p. 495; V. 45.
p. 303.)
$2,055,000;
.
September,
1887.]
RAILROAD STOCKS
AND BONDS.
INVESTORS’
70
Subscriber* »vill eoufer a
jjreat favor by
DESCRI FT TON.
For
.Minneapolis Sault S/e. Marie <£•
Minnesota <& Northwestern—1st
*1 ississipjn <£ Tennessee—1st
1st mortgage, series “ B,”
Atlantic—1st M., g
250
460
100
100
!
M., g., $16,000 per m i
mortgage, series
(a second lien)
“A”.J
i 1,441
18*2
1886
1894
1877
1877
Par
Value.
Amount
Outstanding
1,003,000
40.405,000
2,007,000
347,00014,843,000
756,500
844,000
....
26,510,000
3
....
....
.
I
j
,
17,000
667,000
7,954,000
7,054.000
225,000
45,000.000
7.000,000
2,573.000
800,000
3,828,000
245,000
190,000
650,000
'800,900
.j
2,500,000
1,450,000
7.428.000
tube completed by .Tan.,
Sault Ste. Marie,
1887 at $20,000
retained to pay coupons
up to July, lsHO. ( \ostract of n ortg. V. 45, p. 243.)
Common stock
authorized, $-’,000 to >; issued $2,420,0 0; 7 per ct. prof., $4,000,o00;
j ssued $2,41:0,000.
I>.
Pro
.,
M
lineapolis,
V. 45, p. 160,
W.
Washburn,
179,211,2.13.
ITIinnoiota A North western.—(Nee Map)—Line of road from St
Paul, Minn., to Dubuque. tmva, 253 miles: Chicago, fll., to I. 0.
!,\ le Branch,
lf iyfi. ld to Manley June , 47
June, fll.. 97 »<dl
miles ; Waverly Br.ineh. Sumner, la., to Hamilton, la.,- G3
:
460 miles. Tiie Chienco Division was opened in August, 1887, the,
Illinois Central bong used between Freeport and Dubuque.
construct am, I. C June, to Portage Curve, 111 , 52 nrles.
In January,
miles total
Under
1887, bought the Dubuque A Dakota ItR, Waverly, la., to Hampton, 41
At Oel vein connects
miles, and Sumner to Wuverly, *..’3 m l-*a.
with the Ch. st. Paul A K. (’by" RR. Tuo road from Lyle to Manley
Junction. 20 miles, is leased to die Central Iowa. The common stock
issued is $6.316,7oo ; prel. stock, 7 per cent non-i umulativo, $4,514,200.
The tir-t martan-ce bands ; i* * .tut lun izeJ at. $16,000 per mile for
single track real; $1,0 *0. per m for terminals in largo cities and for
bridges over Miss and Mo. ri\ev» ; and $8.0 >0 per mile for double tra k.
Gross earnings from Jau. 1 to.rely 31, in 1887 f7 mos.t, were $G 13,<28,
against $223,013 in I860; net, $ i 7** ,074, against $79,086. For the
year ISs.-s? gross earnings were $852.1-76; net, $245,679; rentals,
etc.. $21,023; net receipts, $200,703; surplus over accrued interest,
$36,532. See annual report for 188 -7 in V. 45, p. 303. A. B. Sticknev,
Pres., St. Paul. Minn. —(V. 43, ». 72, 162, 180, 51(5, 007; V. 44, p. 204 ;
V. 45. p. 55, 100, 303..'
ITIifcHlMsippi »V Teniiesseo.— Owns from Grenada, Miss., to Mem¬
Capita'stock, $*->25,455. Debt was consolidated
A maj< rit.v of ,-toek was sold in May, 1880, to E. H.
as above in 1877™
Hariinan and otters identified with the 111. Central RR., on July 1,
1880, payment of interest on the Series B bonds was deferred for
about six wicks. The present managers state that the liet earnings of
former years have* been overstated through the omission of taxes ami
general expenst s from operating expenses. See annual report for 1885-0
in Ciiuoxn i.i*:, V. 43. p. 773.
Gross * arcings iu 1881-5, $489 549 ; in 1885-6, $125,718.
Operating
expenses in 1884-5, $303,704; in 18*5-0, $328,360.
Net earnings in
1884-5. $125.w4.* ; in 1885-6, $97,358. Deficit for year after paying in¬
phis,Tenn.. loo miles.
against $61,042 iu 1885-6.
—(V. 43, p. 23. 631, 713, 775; V. 44, p. 211,212.)
IVIlMgoiiri Kansas A: Texas,—(See Map Mo. Pac.)—Line of Road
Hannibal, Mo., to Denison, Tex.. 575 miles; branches, Dallas A Green¬
ville ex cn-don, 5 t miles; Parsons, Kan., to Junction City, Ran., 157
miles; Denison, Tex., to Taylor, 258 miles; Whiteshoro to Henrietta,
Tex., 8 > miles; Denison to Mineola, Tex., 103 miles; Denton, Tex., to
Dallas, Tex., 37 miles: Fclio, Tex., to Belton, 7 miles; Trinity to Ogden,
Tex., 66 miles; coal branches, 8 miles; Jellirson, Tex., to McKinney,
Tex., 155 miles; Taylor Houston A Bastrop RR , 34 miles.
Total,
terest $32,555 in 1884-3,
—
miles. International A Great Northern, from Longview, Texas,
to Galveston.Texas, 2s2 miles, of * hioli 50 m:los leased from G. H. A
and Palestine, Texas, to Laredo, Texas, 415 miles; branches—
Houston to Columbia, 50 miles; Phelps to Huntsville, 8 miles; Mineola
to Troupe, 44 miles; leased—Round Rock to Georgetown, 10 miles;
Henderson to Overton, 16 miles; total operated 825 miles.
Organization, History, Ac.—The M. K. A T. Company was organized
April, 1870, and embraces by consolidation the Union Pacific Southern
Branch, the.Teho A Neosho and other minor companies. In 1874theHannibal A Central Mo. was purchased. The company made default on its
consolidated bouds in Dee., 1873, and was operated by a Receiver from
Dee. 30, 1874, to July 1, 1876, when the Union Trust Company of New
York took possession. On Dec. 1, 1880, the company took possession
Payable
g.
g.
g.
g.
g.
5 g.
6 g.
7
5
5 g.
5g.
7
7 g.
7 g.
7 g.
7 er.
on
Stocks—Last
Dividend.
July 1, 1926
Julv 1, 1934
April 1, 1902
July 1, 1902
J. N.Y., Mercantile Tr. Co.
do
do
1).
do
do
A.
do
do
O.
do
do
N.
do
do
A I).
do
do
A 1>.
do
do
A N.
d>
do
A N.
do
do
A S.
do
do
A N.
Q.-J. N. Y., Mercant ile Tr. Co.
do
do
F A A.
do
do
J. A J.
do
do
M. A N.
do
do
M. A N.
do
do
M. A N.
do
do
M. A S.
do
do
A. A O.
do
do
A. A O.
do ■
do
IF. A A.
do
do
J. A J.
do
do
M. A S.
do
do
F. A A.
M. A N. New York or London.
J. A I). N. Y., Mercantile Tr. Co
do
do
J. A 1).
do
do
J. A J.
Jan., 1899
June, 1903
A
A
A
A
A
1904-1906
April 1, 1911
May 1, 1906
.
The. general consolidated mortgage
gage
pal When due.
and by
Where Payable,
Whom.
Loudon A New York.
J. A J.
J. A J. N.Y., J. G. King’s Sons.
A. A O. N. Y., Harrimau A Co.
do
do
J. A J.
J.
F.
A.
M.
J.
J.
M.
M.
M.
M.
6 g.
7
8
7
6 g.
'
When
J.
g.
g.
1%
750.000
4,000.000
0,000,000
'
■Tli rough line Minneapo’is to Sault sfe. Marie,
1988.
To'al length, as projected from Minneapolis to
is 465 miles. Tne tirst m rtgage, bonds were issued in
per mile, and out of ihe proceeds a sum was
6
7
7
6
7
5 A 6
6
7
6
6
7
14,714,000
5,'»00,000
\
Itliline;:poll* Sault Ste. lTIai*ie«fc Atlantic.—Road lin'shed from
Minneapolis- to Gageii.Wis., 231 m., and west from SaultSte. Marie, 30 m.
5 g.
5 g.
8
8
9,103,000
977,000
1,000
1,000
'
Rale per
Cent.
$*>,00 >,() to
$1,00*j
1,000
|
perct.j
_
discovered in tiieee Tables.
Bonds— Princi¬
INTEREST-OR DIVIDENDS.
Size, or
100
Missouri Kansas <£ Texas—Stock
1868
1,000
1st m., gold, sink, fund, on road and laml(U.P.S.Br)
1870
1,000
100
1st mortgage, gold (Tcbo. A Neosho)
1,000
1871-3
Consolidated mortgage, gold,on road and land.. J 786
500 Ac.
1876
786
2d m., income, exchangeable for geul. in. 5
1,000
1873
Bonneville Bridge bonds, gold, guar
1,000
1,565 1880-6
General consol. M.,gold ($ l),2:id,000 are 5s)
1880
East Line A Red River
1,000
1870
70
Hannibal A Central Missouri, 1st and 2d mort ...
1,000
1879
776
Intermit. A Gt. North’ll, 1st mort., gold
500 Ac.
1881
do
2d mortgage
! 776
1880
do
Colorado Bridge bonds
1
100
Missouri Pacific —Stock
...j 1,483
1,000
1868
283
1st mortgage, gold (Pacific ItR. of Mo.)_
1.000
1871
283
2<1 mortgage (s. f. $50,000 per annum)
500 Ac.
1872
Real estate (depot) bonds
| 299 1876
1,000
3d mortgage
;
1,000
1880
990
Consol. M., gold, for $30,000,000 (coup, or reg.)..
1,000
1887
Collateral trust bonds, gold
1,000
15 kj 1873
Carondelet Branch, l.-tmortgage
;
1,000
1870
21
Leavenworth At<*li. A N. \V., 1st mort., guar
\
500 Ac
1880
Bt. Louis A Lexington, 1st mort
1,000
1886
80
Reroy A Ctiney Valley RR. 1st mort., gold, guar
1,005
1886
75
Verdigris Vail. rndepend. ncoAW.,tst M..g.,guar, j 210
1,000
1867
St. L. Iron Mt. A So,, 1st mort., coupon
1,000
1872
do
2d M.. gold, coup., may be reg
i 310
1,000
1870
99
Ark. Branch, 1st mort., gold, landgr*'i
do
1,000
1872
71
do
Cairo Ark.A T., 1st, gold, c-p.or reg
1,000
1870
304
do
Cairo A Fulton. 1st, g., on road Aland..!
I,5.39
[Voii. XLV.
giving im netllate notice of any error
Date
Miles
of
of
Road. Bonds
explanation of colunm headings, Ac., see notes!
on tirst page of tables.
SUPPLEMENT.
Deo. 1, 1920
1900
May 1, 1890
Nov.
1, 1919
1909
1920
Oct. 1, 1887
Aug., 1888
July, 1891
May 1, 1892
Nov., 1906
Nov., 1920
Jan. 1, 1917
Oct. 1, 1893
Oct. 1, 1889
Aug., 1920
Julv 1, 1926
Feb. l, 1926
Aug. 1, 1892
Mayl, 1897
1895
1897
1891
June 1,
June 1,
.Tan. 1,
of 1880, with supplemental mort¬
in 18-^6 enlarging the amount to be issued, is at $20,000 per mile
allroad built and to be built; of which a sufficient amount was
reserved to take up first consol, and prior bonds, and for the East Line
A Red Riv er bds. iu 1887 a compromise was male (V. 44, p. 276) by
wlncti mof-t of the come bond coupon scrip was retired with 5 per cent
general mortgage bon Is. Til Sept., 1887, an analysis of the general
mortgage showed: Reserved to retire underlying bouds on obi road,
$18,535,000 sixes; issued on account of new road built or acquired,
$L7,*.80,00-) sixes; total sixes autlririz‘‘d to dut**, $35,8L5,000. Fives
issued for ineorua bonds ami scrip, $9,230,000; total geul. consols, out¬
standing, both 5 ami 6 percents $26,510 000. Tliero lias been some
confusion in regard to the number of bonds listed at the Stock Exchange
and tin* amount, actually outstHiding, since, the nam »ers from 1 to
18,217 originally reserved t> retire prior liens, have been listed ever
sin e lSsl; also the fives are listed in the same series of-numbers with
the sixes, embracing the numbers from 18,218 to 28.21** inclusive,
The L A G. N. guarantees $2,000,000 of
derson 1st mortgage 5 per cent bonds.
ThebM. K. A: T. annual report for 1SSG,
lowing :
EARNINGS AND
Earn
ini/s from —
Total •earnings.
Op rating expense?
Net
7
e.iililug-i
in V. 44, p. 400, had the fol¬
EXPENSES.
1881.
458,981
427.< 82
$7,317,250
$6,853,655
$7,451,614
4 347,246
4,055,lol
4,228,754
$2,97O.0c 4
$2,793,554
$1,222,390
59*41
earnings
INCOMI
$1,59*2.713
4.833.860
5 J* 1
60*74
ACCOUNT.
1884.
Receipts —
$2,970,004
Net earnings
1836
1885.
$1,575,920
5,470,742
404,982
$1,691 596
5,1 66.673
Passengers
Fr> igiit.
Mail, exp ess and miscellaneous..
Ratio of expenses to
Galveston Houston A Hen¬
1886.
1885.
$2,798,554
$3,222,890
457,419
189,799
126,453
$3,427,423
$2.9-8,: 53
$3,349,343
Interest on bonds
$2,139,018
$2,439,127
Taxes, rentals, Ac
479,661
$2,483,363
*1,502,022
Dividends, Ac
Total net income
D.sbu rsr m en ts—
Total disbursements
Balance for year
*
This included some
$2,919,279
310,646
$2,750,073
$3,985,385
8ur.$508.144sur.$238,230def.$6 56,042
adjustment of accounts wiLh the I. A G. N.
—(V. 43, p. 162,131, 516, 619, 746, 766; V. 41, p. 90,211, 276, 368,
400, 495; V. 45, p. 166, 292, 341.
UlittNouri Pacific. — (See Map.). — Line of Road. — Owns main
line from St. Louis, Mo., to Omaha, Neb., 494 miles; St. Louis Ft. Scott A
Wichita, 306miles ; other branches 1,282, miles; total *2,082 miles. In
May, 1881, the St. Louis Iron Mountain A Southern was taken in. In
March. 1887, tlie mileage was as follows : From St. Louis to Texarkana,
Texas Line, 490 miles; branch lines, Mineral Point, Mo., to Potosi, Mo.,
Bluff, Mo.,
Camden, Ark.,
49
16 miles;
total, 1,110
4 miles; Bismarck, Mo., to Belmont, Mo., 121 miles; Poplar
to Bird’s Point, Mo. (Cairo), 74 miles; Gordon Ark., to
34 miles;
Knobel to Helena, 140 miles; Newport to Cushman,
miles ; Ncelyville to Doniphan. 20 miles; Adenville to Jackson,
Arkansas Valley Div., 113 miles; Warren Branch, 49 miles;
miles.
Pac. combined
RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road opened to
Kansas City in October, 1865. The company received a loan from the
By Dec., 1887, the
mileage of Tron Mountain and Mo.
will be 4,200 miles. See V. 45, p. 369.
Organization, Leases, Ac.—The Pacific
State of Missouri.
The Pacific Railroad
of Mo. was sold in foreclosure of the 3d mortgage
6, 1S7G, for the nominal price of $3,000,000, to C. K. Garrison
property, paying the overdue coupons. The company had a land Sept.
and others, and a new company organized with a stock of $800,000.
grant which lias been practically closed out; also a grant in the Indian This foreclosure was afterwards contested by suit, but all litigation was
Territory of 3,622,400 acres subject to the extinguishment of the
settled in April, 1885. The present company was a consolidation in
Indian title. The Bonneville Bridge Company is a separate organiza¬
August, 1S80, embracing the Missouri Pacific, St. Louis A Lex., Kansas
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18,1881, a lease to the Mo. Pac. for City A East, and Lex. A South, in Missouri; and the St. Louis Kan. &
Ariz. and Kan. City Leav. A Atch. in the State of Kansas.
99 years was ratified on terms following: That the lessee operate the
The St. Louis Iron Mountain A Southern stock was taken up with
road ami pay the obligatory mortgage interest, paying over the balance
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
to the Mo Kan. A Texas Co.
If there is a deficit- in income the lessee four shares of Iron Mountain, and the St. Louis A Iron M. stock ig
lnxy advance money to pay interest, or else the Mo. Kan. A Texas can
held by Missouri Pacific.
resume possession of its road.
Stock and Bonds.—Under the new regime the payment of dividends
The International A Great Northern Railroad was acquired by Mo.
was begun on the present stock in 1880, m which year 1*2 per cent was
Kan. A Tex. in May, 1881, by an exchange of two shares of Missouri
Kansas A Texas stock for one of International A Great Northern, paid. Dividends since were as follows* in 1881,6; in 1882, 61*; in
1883, 7; in 1884, 7; in 1885, 7; in 1$86, 7ami the Lit. A Gt. N. stock is held in the treasury of the M. K. A T. The
The 1st mo t. (Pac. of Mo.) bonds are to be extended for 50 years at 4
I at. A G. N. roads were sold in foreclosure. July 31 and Oct. 14, 1879.
Stock, and Bonds.—The stock has ranged as follows since 1877, per cent.
The consolidated mortgage above is for $30,000,000—trustees John F.
viz.: Tn 1878, 2<7 7^: in 1879, 5V<rI354*; in 1880, 281ev£4914; iu 1881,
Dillon and Edward D. Adams. Of the consol, bonds the balance unissued
8470O>54 ; in 1882. 26^A2^s: in 1883. 19^;«>3478; iu 18.84. 9*3«*23ki:
($15,290,000) is in the hands of trustees to redeem prior bonds as they
In 1885. 148?S-37V; iu l«86, 21
3-V, iu 1887, to Sept. 16, 23334*4.
fall duo.
The consol, i .ort. 7s, due 1904 6. had a sinking fund of 1 per cent a
For the payment for now lines acquired and to be acquired there was
year, beginning in 1 $74, but the siuking fund not having been carried issued in 1886 $10,000,000 of new stock at par to old stockholders, and
was
in
1887
that
for
all
back
years,
out.it
reported
bonds
inducing another $5,000,000 in 1897. Also the collateral trust bondc (Union
iatercs*, : idr bee llediu for redemption.
of its
.
u-
N
'J1
P
5^
O
P
P
523
<1
C/5
W
O
O
H
'Ji
P
◄
O
P
P
l-H
<
«
M
W
*J
K
w
GO
great favor by giving
Subscribers will confer a
B
explanation of column headings, Ac., see
on first page of tables.
Miles
of
notes
$32,036,000) 1
do
do
supplemental, gold 5
Mobile <& Birmingham.—1st,g..guar. ($20,000 p.m.)
Mobile <& Dauphin Island-l&t mort., gold
Mobile dc Oirurd—2d mort., end. by Cent. Ga. RR..
Size, or
Date
of
36
85
.
179
179
528
472
55
& N. RR. Co
($10,000,000)
not cumulative
do
do
do
Montgomery <6 Eufaulcv— 1st mortgage
Montgomery <6 Florida—1st mortgage,
Montpelier <& Wells River—Stock
^
^
^
m
'
__
81
45
38
gold.....
Rate per
Outstanding
Cent.
-
102
157
132
84
84
Convertible bonds
Gen. m. & 1st on Boonton Br. Ac. (guar. D.L.AW.)
Consol, mort. (for $25,000,000) guar. D. L. A W..
....
34
137
1.000
1887
1,000
1887
1869
1,000
1,000
‘1877
1,000
6,243,000
3,0< 0,000
1,500,000
261,000
800, OCR)
100
2,950,800
1881
1,000
1,000
2,689,000
261,000
100
5,320,600
7,000,000
l,000,00i>
1,000
1879
1883
1879
1879
1879
1879
1879
1886
1,000
.
.
^
^
®
.
_
.
.
^
®
600,000
900,000
_.
.
D. L. A W)
675,000
50
800,000
1,000
1,000
1878
1880
....
1864
1866
Var’u6
1871
1875
.
.
.
50
500 Ac.
500 Ac.
1,000
1,000
1,000
....
.
1882
....
1,000
100
15
gold 5s, J. A J., 1900)
....
’7-3-’80
of new railroads
Cauey Valley Railroad, hi
Missouri Pacific
J
al«o the Verdigris Valley Independence A Western.
Operations, Finances, Ac.—The earnings and income account below
are for the Missouri Pacific and its branches only (1,103 miles); for, not¬
withstanding the merger of St. Louis A Iron Mountain stock and lease
Missouri Kansas A Texas, the operations of all the roads have been
kept separate and are so reported.
Tlie annual report ot Mo. Pacific for 1886 was published in the Chron¬
ns
of
earnings, income account and balance
sheet,
EARNINGS AND EXPENSES.
Earning'i—
Passengers
Freight.
Mail express
Total
1886.
$2,020,597
5,153,025 5,518,2b 6
785,959 1,106,127
1885.
18*4.
$2,» 43,457 $2,004,578
and miscellaneous...
earnings
Operating expenses
Net earnings
Receipts—
>Jet earnings
Dividends, Ac
Total net income
Disbursements.
Interest on bonds
Dividends paid
Rate of dividend
6,047,334
686,832
$8,645,020
5,238,723
$8,777,628 $7,943,562
4,492,877 4.338,319
$4,284,751 $3,605,243 $3,406,297
INCOME ACCOUNT.
$3,406,297
$M91,572
$4,398,078
$4,767,129
$1,798,200
$1,822,727
$1,875,470
Taxes, rentals, Ac
J. A
M. A
J. A
J. A
2,098,105
775,036
1.360,832
2,098,000 )
> 3,185,762
568,848 >
J.
do
do
New York Agency.
New York Agency
Jan. 1,1937
May 1, 1927
Jan. 1, 1889
June 1, 1897
N.
J. N.Y., H.B. Hollins A Co.
do
do
D.
N. Y., L. A N. Office,
do
do
M. A N.
N. Y. A Louisville.
Various
May, 1887
May 1. 1931
....
8
1890 A 1900
Dec* l,”i927
A D. N.Y. Farmers’ L’n A Tr.
do
do
J.
Q.—Jan
Yearly.
.
.
N.Y., 11 Pine Street.
Last pd. 2 p. c. in 1881.
....
....
J. A J.
M. A N.
N.Y., Nat. City Bank.
July 1, 1927
} Redeemable
only by
sinkingfund.
July 1. 1909
1926
New York.
Boston.
....
A.
J.
J.
M
F.
J.
A..
J.
7
6 g.
5,000,000
1,477,000
3ia
15,000,000
7
7
7
7
7
7
5,000,000
2,999,000
284,000
4,991,000
6,557,000
1,025,000
2,220,000
800,000
A
A
A
A
A
A
A
A
O.
J.
J.
N.
A.
J.
O.
D.
N.Y., So. Pac. Co.
do
do
N. Y., Del.,
do
do
do
do
do
Lack A W.
do
do
do
(?)
Dec., 1884
April 1, 1918
1, 1920
July 1, 1887
Mayl, 1914
Aug. 1, 1891
Julv
1900
Oct., 1901
June 1,1915
Jan. 1,
do
do
**
....
4^A5 J. A J.
M. A N.
3ia
6 A 5 g. F. A A.
N. Y.. Del. Lack. AW.
2d Nat. Bk., Nashua.
do
do
July* 1,"
1912
May 2. 1887
18i«3 A 1900
Artesia, Miss., to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen,
Miss., 9 miles; total owned, 527 miles; total operated, 688 miles.
In
July, 1885, the gauge was changed to standard, 4 feet 8 *a inches. In
Dee., 1885, the lease of the St. Louis A Cairo RR. (161 miles) was taken
for 45 years at a rental guaranteed to amount to $165,OoO per year.
A default was made May 1, 1874, and two trustees and receivers took
possession May 8,1875, and the company was
reorganized without fore¬
closure. The holders of debentures have one vote for each $100, and each
year they instruct tlie Farmers’ L. A T. Co., trustees,
to
the stockholders’ meetings upon the majority of the stock of the Mobile &
Ohio Railroad Company, the power to vote upon which is irrevocably
with the Farmers’ Loan A Trust Company, until tlie extinguishment
of said debentures.
The capital stock authorized by tlie charter is
how
$10,000,000,
or
100,000 shares of $100 each, of
vote at
which there have been
issued 53.206 shares. The debentures are secured by a deed of trust of the
land, about 1,143,222 acres, and receive 7 per cent, if earned. In Jan.,
1886. there were in the sinking fund $437,000 of the first debentures.
In August, 1881, 7 per cent was declared on 1st preferred incomes 7
also 2 per cent on 2d incomes. In August, 1882, 2 per cent on
rirst preferred incomes; in 1883,3 per cent; in 1884,5 percent
l«85. 3^2 per cent.
The report for 1885-86 was published in the Chronicle. Y. 43. r>.
Income account for four years ending June 30 was as follows:
the
in
606.
income
1886
1885.
1884.
$4,284,750 $3,605,243
79 -',835
206,822
7
g.
April 1, 1931
April 1, 1931
Y., Mercantile Tr. Co.
.
300.000
....
Trust Co. of N. Y., Trustee) secured by mortgage bonds
$12,000 or $15,000 per mile. The Leroy A
Kansas. 80 miles, is leaded and bon-is guaranteed by
icle, V. 44, p. 368.
The
have been as follows:
1,500.000
1,000
A. A O. N.
A. A O.
6 g.
6 g.
7
7
7
7
6
6 g.
2
1,850,000
® ^
Whom.
Payable
g.
g.
g-
pal, When Due.
Slocks—East
Dividend.
Payable, and by
....
4,893.000
....
...
....
Bfashua dk Lowell—Stock
•
5
5
5
0
8
4
3
6
6 A
$1,000 $10,353,000
1881
’81 to’7
Where
When
5,000,000
2d mortgage
Real estate terminal mort. (guar.
m
....
Morgan'8 La.dk Texas—Stock
1st mort., gold (N. O. to Morgan Citv)
1st mortgage, Alex. Extension, gold —
Morris <£ Essex—Stock
1st mortgage, sinking fund
Special real estate mortgage
„
Amount
Par
Value.
iso
1st mortgage, gold
let mortgage, extension, gold
1st pref. inc. and s. f debentures,
2d
do
do
3d
do
do
4th
do
do
Bonds ($100,000 are
\
1165
Bonus
Mobile <£ Ohio—Stock
discovered In these Tables.
Bonds—Princi¬
Immediate notice of any error
Road. Bonds.
Missouri Pacific— ( Continued) —
St.L.1. Mt.A So.,Gen.consol.M.(for
3d ruortg. bonds
Mobile <t Montg.—Stock
1st mort. bonds by L.
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
72
1882-*3.
account.
1883-84.
1884-85.
18»5-86.
$2,271,058 $2,278,917 $2,101,025 $1,962,328
$630,034
$731,450
$524,*39
$537,324
earnings
Net receipts
Gross
Disbursements—
Interest on mort. bonds
Interest, on incomes
Miscellaneous
$456,000
159.<m 0
$171,200
265,000
$482,400
$736,200
$482,400
$431,600
49,038
1,626
7
$1.* 71,341 $4,489,575 $5,061,232
def.$179,709 def.$91,497 def.t294,103
8t. Ixiuis Iron Mountain A Southern.—This company defaulted on
Sts interest in 1875 and finally made a compromise with its bondholders.
‘There are yet outstanding $346,384 of old income bonds of the several
Issues, and $73,000 ot the Cairo A Fulton second mortgage bonus.
Total disbursements
Balance h r year
The Mercantile Trust Co., of New York, is trustee of tlie general
-consol, mortgage. The stock is nearly all held in the treasury
■Missouri Pacific Railway Co., having been retired in May, 1881,
issue of three shares of Mo. Pae. stock for four of St. Louis A Iron
.Mountain. The sales of land in Arkansas on which the Cairo A Fulton
bonds have a lien are given in the report for 1886 as 44,1*4 acres
at $2 88 per acre. Lands yet unsold, 886,157 acres.
The report for 1886 was published in the Chronicle,
p.
of the
by the
Total disbursem’ts
$616,626
Balance
Sur $13,408
Montgomery
Sc
Def. $4,750 8ur.$42,43P
$530,638
Sur $6,686
Eut'aula.—Montgomery to Eufaula, Ala.,
80
miles. The road was foreclosed May l, 1879, bought by W. M. Wadley,
and the present company organized.
under contract
Cent. RR. of Georgia. Stock is $620,000. Dividend of 10 per cent
in April. 1883.
Operated
by
paid
Sc Florida,—Owns from Montgomery, Ala., to
in prtgress towards Chaltahoochie, Fla. This
was formerly the Montgomery Southern road, and was foreclosed in
Mav, 1886. and reorganized. C. W. Scofield, President, 44 Broadway.
Montpelier Sc Wells River.—Owns from Montpelier to Wells
River, Vt., 38 miles. Reorganized January, 1877.
D. R. Sortwell,
Montgomery
Live O .k, 45 miles, ami
President, East Cambridge. Mass. Gross earnings in
not, $17,774. Gross in 1*85-6, $94,747; net, $8,262.
1834-r>. $92,814;
Gross in 1886-7,
$9’’.112; deficit under expenses, $4* 9. - (V. 44, p. 717.)
Morgan’s Louisiana Sc Texas Railroad Sc Steamship Co.—
(See Map or So. Pac On.—The road owned is from New Orleans to Cheincome account.
nejrville, 204 miles: branches, £5 m.; Oheneyville to Alexandria (under
Receipts—
1885.
1886.
1884.
agreement). 24 m.; total, 283 miles. In Feb., 1883, the stock was
Net earnings
$3,464,599 $3,619,4rt> $3,.43,281 track
to the South. Pac. parties, and the South. Pac. Company held (Dec. 31,
Other receipts
159,800 sold
44,727
44,741
1885) $4,062,700 out of the whole stock of $5,000,000. This company’s
plying between New
Total net income
$3,509,323 $3,664,157 $3,603,081 property consisted of seventeen iron steamships
York and New Orleans and between Gulf ports, also wharves, 'ware¬
Disbn rsemen is—
houses.
and
terminal
facilities,
besides
the
capital
stock of raiiroad and
Interest on bonds
$2,206,854 $2,215,304 $2,214,131
350,144 other companies, including a majority interest in the capital stock of the
397,522
Taxes, br’ge, and car exp.,Ac
554,093
There are also $251,Houston a Texas Central Railway Co., Ac.
Total disbursements
$2,7t>0,947 $2,^ 12,826 $2,564,275 716 of old New Orleans Opelousas A G. W. bonds duo 1889, assumed
tBurplus for year
$748,379 $1,051,331 $1,038,806 by this company. In 1 .-86 gross earnings were $4,138,525: net. $1,059,—(V 44. p. 212, 244, 343, 368, 370, 399, 6*1, 681, 8u8 ; V. 45, p. 240, 518. In 1885 gross earnings were $4,232,018; net. $1,602,476. From
243, 369, 373.)
Jan. 1 to Julv 31, 18*7 (7 months), gross earnings were $2,239,407,
mobile A Kir m in glia in. -(Sec Map).—Mobile to Vernon, Ala., on against $2,249,967 in 1886; net, $366,180, against $t91.4b8 (V. 44,
the East Tenn. Va. A Ua road, about If 0 miles, in eoiuse of construc¬ p. 344,434.)
tion. Abstract of mortgage V. 45, p. 274.
(V. 44, p. 681, 701; V. 45,
Morris Sc Essex.—(Sec IT p of Del. L. it- IT.—Owns from Holioken, N.
p. 274.)
J.,to PnillipMbuig, N. J., 84 miles; branch, Denville, N. J., via Morris A
Sc
Mobile
Dauphin Island RII. Sc Harbor Co.— Fr«m Mobile Essex Tunnel, tc Hoboken, N. J., 34 m.; leased Dover to Chester, 10 m.;
to Dauphin Island, Ala., 36 miles. This road is intended to form an out¬ Newark A Bloom. RR., 4 m.; total operated, 132 miles. In 1868 this road
let at deep water on the Gulf of Mexico for the railroads Centering at was leased in perpetuity to the Del. Lack. A W. RR. The lessees assume
Mobile. Stock is $l,500,00u. Robert Sewell, N. Y., President.
all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
mobile Sc Girard.— Owns from Columbus, Ga., to Troy, Ala., 84 the capital stock, and they also agreed to pay 8 per pent in case the
Morris A Essex earns 10 per cent on its stock in any one year after the
miles.
Common stock, $985,415; preferred stock, $278,967, and $3,980
Pike County stock.
From June 1, 1886, this road was leased to tlie year 1874. The Morns A Essex is important to tlie Delaware Lacka¬
Central of Georgia for 99 years at a guaianteed dixideud of l.ia per wanna A Western as a route with tenninal facilities on New York Har¬
bor, but the actual earnings on the road show a large annual deficit for
cent p r annum. There are $19,000 3d mort. 6 per cent*, due 1897.
tlie lessee company after the payment of rental. The loss to lessee waa
In ‘85-86, gross earnings, $217,757; net, $59,185.
(V. 43, p. 103, 3u8.)
in’80. $1,012,416; in’81. $985,890: In’82,$941.550: in ’83, $1,104,218;
Mobile Sc Montgomery—(See map Louisville <£ Nashville) ’84 about $1,100.000; in ’85 and ’86 about $900,000.
(V. 45, p. 13.)
Owns Horn Montgomery, Ala., to Mobile, Ala., 180 miles.
The in Nashua
Sc Lowell.—Owns from Lowell, Mass., to Nashua, N. H.
old road wai, sold in foreclosure Nov. 16,1874, and purchased by bond¬
L5 miles. On Oct. 1, 1880, a lease for 99 j'ears to the Boston A Lowell
holders, w ho organized this company on a stock basis. The stock is owned
was made.
The rental was $60,000 per year, equal to 7^ per cent
by the Louisv. A Nashv. RR. Co., which iiowt operates it. The old mort. on stock, payable absolutely, and $4,000 was payable contingent upon
•debt outstanding is about $230,000.
The Louisville A Nashville Co.
amount of vross earnings, and 8 per cent was paid as rental, but in
has issued $2,689,000 bonds secured on this road, $2,677,000 of w hich tie
1837 reported incieased to 10 per cent per annum andlease transferred
•re pledged for the collateral trust bonds of that company.
Gross earn¬ to
The fundeo debt of $300,000, principal and
Boston A Maim' RR. Co.
ings in 1885-6, $1,032,936; net, $246,011; lut. and taxes, $212,643; interest, is assumed by
the lessee, and the lessor holds the lessee’s notes
«urpb>8. $33,367.
for the same amount— $300,000.
(V. 45, p. 143.)
mobile Sc Ohio,—(Nee Map.)— Owns from Mobile, Ala., to Columbus
Namhville Chattanooga Sc St. Louis.—(Sec Map of Louisville dk
£y., 472 miles, ami extension (by Ken. A Tenn. RR.) to Cairo, 21 in: Nashv.)— Owns from Chattanooga Tenn., to Hickman, Ky., 321 miles;
leases 8t. L. A C. RR., Cairo to St. Louis, 152 miles, and track to Millbranches—Wartrace, Tenn., to Shelby ville, Tenn., 8 m.; Bridgeport, Ala.,
•stadt, 9 miles; branches—Artesia, Miss., to Columbus, Miss., 14 miles;
400, and the income account was as
follows:
V. 44,
368,
INVESTORS’
74
Subscribers will
DESCRIPTION.
For
explanation of column
on
first page
see
headings, Ac.
Miles
of
notes
60 J
340
321
Louis—Stock
(for $6,800,000), coup
Bonds held by U. 8. Government
N. C.A St. L., 1st M. on Fayette. &
do
1st mort. on Lebanon
do
for Jasper Branch
ioi
MeM. brancnes
do
Duck Ri ver
if ashville d
Branch
for Centreville Branch
for Tenn. Coal & Iron RR
RR., 2d mort., endorsed
Decatur—Stock, guar’d 6 p. c. by L. A
let mort. guar. s.
Natchez Jackson &
f
N.
Columbus.—1st mortgage
Naugatuck—Stock
.
Bonds
Nevada Central— 1st mort.. gold (sink, f., $20,000);
Newark d Hudson— 1st mortgage
Newark Somerset d Straitsv., ().—1st mortgage
!
Newbury Dutchess d Connecticut—Income
Newbury d New York—1st mortgage
New Castle d lieaver Valley—Stock
New Haven d:
New Haven d:
bonds...
Derby—1st A 2d mortgages
Northampton—Stock
Mortgage bonds, coupon
Holyoke A W.,leased.
1st M.($2G0,000 guar.)
mort. bonds.
Consol, sink, fund $15,000 per yr.A
Northern Ext elision
Bonds convertible into stock
New Jersey Junction— 1st mortg. coup,
New Jersey d New York— 1st mort.
!R
Outstanding.
or reg. guar.
(reorganization;
!
94
5
44'
12
15
13
170
92
17
27
....
36
1,000
1,000,000
1,000
1,000
300.000
1
7
6
4
6
6
1870
1,000
.
500,000
480,000
ioo
l,000Ac
1,000
1879
1871
1869
1877
1,000
500 Ac.
1368
1,000
....
....
1869
1870
1879
1881
1886
1886
1880
6 A 3
6
500,000
71,000
1,642,557
6
6
3
7
10
5
2,000,000
150,000
1,400,000
750,000
.
.
50
500 Ac.
100
1,000
1,000
1,000
1,000
1,000
1,000
J.
Where Payable,
Whom.
pal, When due.
and by
Stocks- Last
Dividend.
New York A Nashville. Oct. 10, 1887
J. N.Y., Continental N.Bk. July 1, 1913
do
July 1, 1901
do
J.
June 1, 1891
do
do
D.
Jan. 1, 1917
do
do
J.
Jan. 1, 1917
do
do
J.
1907 A 1923
do
do
J.
Jan. 1, 1923
do
do
J.
1909
do
do
J.
Nov. 1, 1909
do
;
do
N.
June 6, 1887
Nashville.
D.
July 1. 1900
J. N. Y., 50 Exoh. Place
1885
N.Y., Bank of America.
A
....
2^
J.
J.
M.
A.
M.
M.
J.
7
6
July 3, 1887
J.
Bridgeport, Conn.
June 1, 1913
D Bridgeport, Treasurer.
S. Philadelphia, Co.’s office Sept. 1, 1887
Oct. 1, 1904
0. Last naid April, 1881
Sept., 1901
N. Y. L. E. A W. RR.
S.
Nov. 1. 1839
N. N. Y., Union Trust Co.
1977
Jan. 1, 1SS9
A J. N.Y.,OfficeN.Y.L.E AW
A
A
A
A
A
A
....
....
Q.-J.
Newcastle, Penn.
July 2, 1887
4
Various N. Haven, Mech. Bank. 1888 A 1900
Oct., 1873
New Haven.
Jan., 1899
•do
do
J. A J.
A. A O. N.Hav.,N.Tradesm’s Bk Apr.l ’91 A’98
do
do
April, 1, 1909
A. A O.
April, 1911
’ do
do
A. A O.
July 1, 1896
do
do
J. A J.
Feb. 1, 1939
New York Agency.
F. A A.
6
M. A N.
7
3
7
6 A 7
6
5
5
400,000
500AC.
M. A
J. A
6 g.
7
7 g.
800,000
1,164,500
250,000
700,000
525,000
2,460,000
1,300,000
260,000
1,200,000
700,000
700,000
3,00<’,000
J.
J.
J.
J.
J, A
4
250,000
A
A
A
A
A
A
A
J.
173,000
174,400
tliese Tables.
ttonas—Princi¬
DIVIDENDS.
Q-J.
J.
J.
376,000
1,900,000
50
68A70
(?®n]?er Payable
$6,668,531
6,300,000
le81
1883
When
t
$25
1,000
1,000
1,000
1,000
1,000
18
Valley—Stock
Nesquehoning
30
13
47
20
48
122
119
99
66
61
1877
18771877
1882
1886
INTEREST OR
Amount
Par
1873
1881
notice of any error discovered in
....
N.Y., Mercantile Tr. Co.
-
do
Size, or
Date
of
Road. Bonds Value.
of tables.
JTashvitle Chattanooga d St.
1st mort.
2d mort
by giving immediate
confer a great favor
[Vol. XLV
SUPPLEMENT,
May 1,
1910
e
ated, 66 miles, 5 miles of N. Y. N. H. & H. being used between Nauga¬
25 m.; proprietary lines—Nasliv. to Lebanon, 30 m.; tuck Junction and Bridgeport. Tn May, 1887, a 99 years lease was
McMinnville Brunch, 61 m.: Dechord to Fayetteville, 40 iu.; Centrevilie proposed to N. Y. N. FI. A H. at $200,000 per year. Earnings for three
Branch, 47 m.: Tracy City Branch, 20 m.; Duck River RR. (leased),
years past were as follows: 1883-84, gross, $676,714; net, $225,615;
m.; total, 600 miles.
1884-35, gross, $651,242: net, $213,262; 1885-86, gross, $704,336;
A majority of the stock ($3,385,000) is owned by the Louisville A
net, $221,522.
(V..43, p. 718.)
to
Inman, Tenn.,
48
the collaterals for the
Tenn. Coal A IronRR.,
bonds.
1885-86 of $141,934 over
all expenses, but paid no dividend; in Oct., 1886, resumed dividends
by payment of 1 per cent.
From July 1 to A tig. si in 1«87 (2 mop.), gross earnings were $51,359, against $159,713 in 1886; net, $253,729, against $192,383; sur¬
plus over interest, taxes and improvements, $91,671, against $61,627.
The fiscal year cuds June 30.
In l»8G-87 earnings, Ac., were as
Nashville RR. Company and pledged among
trust loan of that company.
In October, 1886, this company purchased the
agreeing to pay for it $500,OuO m 5-30 year
‘The company had net income in the year
follows
EARNIN'*,S AND EXPENSES.
1884 85.
$
1883-84.
Earnings—
assenger
Freight
Mail, express, rents.
Ac..
Total gross earnings
Total operating expenses.
$
663,618
1,559,765
148,703
1885-86.
$
649,737
601,820
1,435,878
1,429,408
155,10 4
153,321
2,372.086 2,240*719
l,3u3,440 1,304,002
2.188,109
1,322,853
1886-87.
$
725,961
Nesq uehoniug
Valley.—Owns from
Nesquehoning Junction, Pa.,
Tamencnd, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal A Navigation Co. at a lease rental
to
$130,000 per annum.
pay 5 per cent a year
of
the stock has been extended for 20
In Sept.. 1884, the.
lease was modified so as to
only, aud
per cent per annum.
Map Union Pacific.)— Battle Mountain to
Austin, 93 miles. Stock, $1,000,000. There arc $250,000 8 per cent
income bonds due 1905, which are held by the Union Pacific, tvs also
$ •59,500 of the stock. Default was made Oct. 1, 1884, on the bonded
interest, receiver appointed Feb., 1885, and road sold June 21. Re¬
organization pending. N. Y. Committee, Messrs. D. B. Hatch, et al.
Gross earnings in 1885, $68,062; net, $$2,879; deficit under interest,
Ac., $42,120. Gross in 1886, $57,759; deficit, $2,624; deficit uuderinter-
years, with a guarantee of 5
Nevada Central.—(Nee
1,894.715
153,572
est.
Junction to Newark,
A Western at a rental
$33,000 per annum, which pays interest on bonds and 7 per cent
the stock of $250,000. Earnings iii 1886, $65,518 gross and $17,818
Sc
J., 6 miles.
N.
2,774,248
1,578,611
(V. 44. p. 781.)
$17,624.
Newark
of
on
Hudson.-Ovnis from Bergen
Leased to New York Lake Erie
Cortlandt Parker, President, Newark, N. J.
Newark Somerset Sc Straitsville.—Owns
Shawnee, O., 44 miles. Road was completed in
Mansf. A Newark for 14 years from Jan. 1, 1872.
A Ohio, which pays 30 per cent of gross
additional amount necessary to meet the interest
net.
from Newark, O., to
1871. Leased to Sandusky
INCOME ACCOUNT.
Operated by the Balt.
1886-87.
1835-86.
188 1-85.
1383-84.
earnings,
and advances auy
$
$
$
$
on the debt. Capital
Net Receipts—
865,251 1,195,637 stock, common. $795,400, and preferred, $218,200. Gross earnings in
936,717
1,068,640
Net earnings
13,445 LS82-83, $161,781; net, $19,511; loss to lessee. $29,922. In 1883-84,
11,947
29,072
Miscellaneous receipts...
In 1884 85, gross,
gross $168,532: net, $757; loss to lessee, $19,802.
865,251 1,209,082 $118,430; deficit. $29,102; loss to lessee, $64,631. In 1&85-86, gross,
948,664
1,097,712
Total income
$
$
$
$
net. $35,208.
Disbu rsem en Is—
709,834 $214,291;
675,096
632,273
662,320
Newburg Dutchess Sc Connecticut.—Owns from Dutchess JuncInterest on debt A taxes,
266,741
266,802
N. Y., to Millerton, N. Y., 59 miles. The Dutchess A Col. RR. was sold
vi fiends
119,480
45,221
53;40l
106,077
Aug. 5.1876, and this company was organized Jan. 8, 1877, by the pur¬
Improvements
chasing bondholders. In addition to above incomes, there are $150,000
1,096,055
720,317
710.674
1st mort. 7s, due in 1907.
In 1884-85, gross earnings $131,923;
Total disbursements. 1,035,199
113,027 net, $13,864; deficit under interest, Ac., $2,511. Iu 18^5-86, gross,
144,934
207,990
62,513
Balance, surplus
$143, iIS; net, $28,276. The common stock is $172,000 and preferred
GENERAL BALANCE AT END OF EACH FISCAL YEAR.
stock $715,350. John S. Schultze. President, Malteawan, N. Y.
1883-84.
1831-85.
1885-86.
1886-87.
Newburg Sc New York.—Owns from Vail’s Gate Junction to
$
$
$
$.
Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
A88Ct8—
RR., at $17,500 per annum (bring interest on the bonds),and operated
now by New York Lake Erie A Western.
Has no stock.
Assets not available
562,727
*81,322
75,758
New Castle Sc Beaver Valley.—Owns from Homewood, Pa., to
462,910
•Inv’tm’ts in st'ks A bonds
481,314
478,714
New
Pa.,
Road
in
operation
since 1860. Leased to
Castle,
15 miles.
Bills receivable
8,722
1-S132
19,007
Pittsb. Ft. W. A Chic. RR. for 99 years at a rental of 40 per cent on gross
67,961
Real estate
80,3 54
62,461
earnings. Lease transferred to Pennsylvania Company. There is no debt.
Due from agents, Ac
188,919
250,436
277,372
In 1879. 13 per cent dividends were paid; in 1880, 13 p. e.; In 1881, 24
300,2 L7
264,408
-Cash
311,0-8
p. c.; m 18-32,14 p. c.; iu 1883, 29 p. c; in 1884, 19 p.gg; in 1885,10 p. e.;
in 168(?, 6 p. e.
Gross earnings in 1885, $171,682; rental received, $68,Total
17,920,514 18,108,314 18,324,836
672 ; gross in 1886, $207,214; rental received, $82,355,
$
$
$
Liabilities
New Haven Sc Derby.—Owns from New Haven, Conn., to Ansonia,
Capital stock
6,670,331 6,668,363 6,668,362
Conn., 13 miles. Capital stock is $446,600, of which New Haven oity
Bonded debt.
8,903,000 8,998,000 9,200,000
owns $€00,000.
New Haven City guarantees the $225,000 second
Bills payable
591,499
467,268 288,047
mortgage bonds, and has a claim of about $300,000 for money ad¬
Bal’ce due indivul’ls, Ac.
97,348
31,092
42,947
vanced. Negotiations have been pending between the company and the
Int’st coupons due July 1
287,970
290,905
296,905
city for an adjustment.
Gross earnings in 1884-5, $150,737; net,
Dividends.
21,912
18,323
17,048
$63,792. In 1883-86,gross, $162,678 ; net, $68,903. (V. 45, p. 84.)
72,721
Pay-rolls, Ac
75,490
85,152
New Haven «fc Northampton.—Operated irom New Haven,
Int’st on b’ds held by U. 8.
153,600
153,(500
153,600
Conn., to North Adams, Mass., 123 miles; branches—Northampton to
Miscellaneous
3,686
15,119
13,616
Williamsburg, 8 miles; i-ammigtou Conn., to New Hart ford,Conn., 14
Profit and loss
1,115,678 1,381,068 1,571,014
miles ; South Deerfield to Turner’s Falls, 10 miles; to Tailfiville, Conn.,
Total
17,920,514 18,108,314 18,324,836 18,823, *20 1 mile; leased—Holyoke A Westfield UR., 14 miles; total, 170 miles.
Fn April, 1381, a- controlling interest in the stock was sold to New York
$502,719 was charged otl'to •* Road and Equipment” during the year. New Haven A Hartford parties, and in June, 1*87, the road was leased
for 99 years to the N. Y. N. H. A II. at 1 per cent on stock iu 1887-88,
—(V. 44, p. 118, 241, 370, 527, 653, 781; V. 45, p. 113, 239, 240, 369.)
rising to 1 per cent by 1889, and thereafter remaining at 4 per cent. In
1884-85 gross income was $804,099; net, $275,704; surplus over
ftNasbvIllc
rom
Nashvilie,
A: Tenn,,
Decatnr.—(See
to Decatur, Ala., 122 miles. The road was charges, $9,230. In 1885-6, gross income. $842,509; not, $292,218;
leased May 4, 1871, to the Louisv. A N.ishv. RR. for 30 years from surplus. $10,384. (V. 43, p. 132 ; V. 45, p. 13.)
New Jersey Junction.—Terminal road through Jersey City, Ho
July 1, 1872, at a rental of 6 per cent per annum on the stock. The
ossee assumed all the debt of the Nashville A Decatur Co.
In 1885-86. boken and Weehawken, connecting the trunk Hues terminating at those
gross earnings, $9- 9, Ifi*; net, $399,070; int., taxes and dividends. points. Leased for 100 years from June 30, 1886, to tne N. Y. Central
A 11. R. RR. Co., which company guarantees the Bonds absolutely and
Net earnings
1,003,649
936,717
865,251
1,195,637
-
*
Jfap Louisville d Nashville.)—Owns
68.
?285,584;
surplus, $114,086. In 18-4-35 gross, $1,061,966;
net, $466,-
completed road from
$2,260,309. New
7 percent bonds for $600,000 authorized but very few issued: also a
new mo'tgago at 6 per cent, $12,500 per mile, has been executed to
retire all prior li ns and provide for future requirements, but none yet
Natchez Jackson A; Columbus.—Owns
Natchez, Miss., to Jackson. Miss., 100 miles. Stock.
owns
the stock
$4,000,000.
($100,000) of the company. "
(V. 41, p. 781.)
-The mortgage is for
from Erie Junction, N. J., to
New City, 5 miles. Leased—
Garuervillo RR., 1 mile; total operated, 37 mib-s. The present com- •
pany was formed on reorganization after foreclosure in*April 1880.
issued. ri he $17-},000 arc held for ilto company by a New York house. Stock outstanding, $1,440,800 common; $787,800 preferred. Control
of
road is witti preferred stock and first mortgage bonds till 6 per cent
Floating debt. Dec. 31, 1836, $301,000.
Earnings for 1886, gross,
dividends have been paid on preferred stock for three years. Gross
$184,325; net. $15,634. Earnings i’or 1885, $191,35S; net, $60,923.
earnings ui 18-.6, $185,406 ; expenses, $139,753 ; net earnings, $15,653.
Naugatuck,—Owns from Naugatuck Junction to Winsted, Conn., V. L Lary, President. (V. 43, p. 215, 597, 753; V. 44, p. 621.)
.SGbj miles; leased, Watertown A Waterbary RR., 412 miles; total oper¬
Digitized* for FRASER
New Jersey Sc Netv York.—Owns
Stony Point, N. Y., 31 miles; Nanuet to
Subscriber** will confer a great
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page
55
RAILROAD STOCKS AND BONDS.
September, 1887. |
of tables.
INTEREST OR DIVIDENDS.
Miles
of
Road.
Date
of
Bonds
Size,
oi
Par
Value.
Amount
When
Where Payable,
Rate per
Whom.
Cent.
Payable
Outstanding
Bon ds—Prime
pal,When Due.
Stocks—Last
and 1>\
Dividend.
1
78
(int. guar, by N.YLA L.B.;
Long Branch A Sea Shore. 1st mort., guar
X. J. Southern—1st mort.
A
etc
London Northern—Stock
2d mortgage
Consol, mortgage
1879
1869
....
121
‘
($300,000 are 4s)
....
100
121
1972
I860
68
183*0
$600
$1,449,600
1,000
200.000
100
500 Ac.
1,000
100
Newfjort Sews J Mississippi Valley—Stock
New Orleans J Gulf— 1st mort, gold
New Orleans <£• S or then stern— Prior lien mort., gold.
New York Br> oktyn J \lun. Beach,- Stock, common.
1-35
'
Stock, preferred
lJ'OO
1,000
3 ">0.000
90
14
All.
150
650,000
.
•
500.000
1895
1,000.
1874
£100 Ac
100
798,000
4,000,000
89,428,300
6,450,000
2,391,000
30,000,000
1853
1854
1973
1873
1884
-
.
500 Ac,
1877
•
.
uU ol U^‘
500 Ac.
1,000
1,000
1,000
l.OCOAe
100
1881
1.883
1880
1886
1875
.
..
.
j
1,000
1,000
100 Ac.
100 Ac,
50
50
1,000
1380
1883
1,000
100
1.000
New Jersey Southern,-The road extends from Port Monmoutli’
Bandy Hook, to Atco, 70 miles, with branch from Eatontown to Pt Mon¬
mouth, 0 miles. The property was sold in foreclosure March 31, 1870 (see
352), and the present company was organized July
25, 1870. Tbecapilal slock is $1,500,000. The property is subject to
$120,000 on the Tom’s River RR. and $200,000 on the Long Branch A
Chronicle. V. 28, p.
Railroad.
Sea Shore
The bonds have interest guaranteed by the
New York & Long Branch Railroad by endorsement of the bonds, and
the Central of New Jersey agreed to assume those bonds. The road
is operated
as a part of the Central New Jersey system. Cross earn¬
ings in 1885 $138,574; net deficit, $80,340. Gross in 1880, $481,908;
deficit, $ 30,321.
New Loudou Northern.—Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
This road has been operated since Dec. 1, 1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
per year, and $15,000 for each additional $100,000 of earnings over
$510,000 per year. In 1885-86, gross earnings, $629,700; net, $278,140. Rental and interest received, $237,244; paid interest, Ac., $108,others.
907; dividend (6 per cent), $90,000; surplus, $38,337.
New Orleans A; Gulf.—The line of the road is from New Or’eans
ahmg tin* Mississippi River to Bohemi *, with a branch, making
68*s miles in all completed in 1887. The doiuis were ottered in London,
Nov., 1886, by Messrs. Satterthwait A Co. (V. 43, p. 634.)
New Orleans A Northeastern.-Line of road from New Orleans,
La., to Meridian, Miss., 196 miles. Stock is $5,000,000.
This road be¬
longs to the so called “ Erlanger System,” and of the stock $4,;i20,< 00
and $4,900,00o of the $5,000,000 first mortgage bonds are held by the
Ala. N. O. & Texas Pacific Junction Co. Gross earnings in 1886, $661,236; net, $105,oll; dettcit under interest, Ac., $246,785. (See title of
in the Suiflement.)
Newport News A Miss. Valley.—(See Map)—This is the com¬
pany formed under the laws of Connecticut to lease and operate all the
Huntington line» between Newport News, Va , and Memphis, Tenn. On
Jan. 1., 1887, the company owned $5,579,6uo Ches. Ohio A Southwest¬
ern preferred, and $3,442,000 common stock, $1,055,51.0 Elizabethtown
Lexington A Big Sandy RR. stock, and $1,723,000 Chesapeake A Ohio
bonds of 1918. Company leases the three roads mentioned, aggieating
1,040 miles, the former for 50 years and the latter two for 250 years,
agreeing to pay the expenses, interest and fixed charges so far as net
earnings sutbee, in the order of their priority, any surplus up to 6 per
cent to be divided to lessor companies, and the excess retained by the
lessee. See annual revolt, with balance sheet, Ac., in V. 44, p. 780.
Registrar of stock, Metropolitan Trust Co., New York. Olliees of Co.
No. 23 Broad st. and New Ilaven, Conn. -(V. 43, p. 547; V. 44, p. 90,
344, 466, 780; V. 4% p. 211.)
New York Brooklyn A Manhattan Beacli.—From Fresh
Pond Junction to Manhattan Beach, and branches to Bay Ridge ami
Greenpoi it, 20 mile-. This was a consolidation Aug. 27, 1885, of the N.
Y. Bay Ridge A Jamaica RR., the N. Y. A Manhattan B. Railway Co.
and the L. I. Pity A Man. B. RR. Co. The railroads are leased for 99
years from 1882 to the Long Island RR- Co. at 35 per cent of gross
earnings, but the rental guaranteed to be at least $95,980 in each year.
Of the stock $050,090 is preferred for 5 per cent, but not cumulative.
that company
New York A Canada.—Owns from Whitehall,
N. Y., to Rouse’s
Toint, N. Y., 113 miles; branches; Tieonderoga, N. Y., to Baldwin,
Plattsburg, N. Y., to Ausable, N. Y., 20 miles; West
Chazy to Province line, 13 miles; total operated, 150 miles. The whole
line was completed Sept. 18, 1876. The road is leased and virtually
owned by the Delaware A Hudson Canal Company, which guarantees the
bonds.
The stock is $4,000,000. Earnings 1885-86, gross $772,664;
net, $268,811; surplus, $32,305.
In 1884-85, gross, $613,572; net,
$203,781; loss to lessees, $62,847. (V. 45, p. 180.)
N. Y., 4 miles;
New York Central A Hudson.—Line of Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Central division, 307 miles;
total owned, 749 miles; lines leased—
West Shore lid., 426 miles, and branches, 22 miles; Troy A Greenbush,
6 miles; Niagara Bridge A Canandaigua, 98 miles; Spuyten Duyvil A
Port Morris, 6 miles: New York A Harlem, 127 miles; Lake Mahopac, 7
miles; total, 694 miles-; grand total, 1,443 miles. The second track
owned and leased is 873 miles; third track, 318 miles; fourth track,
299 miles; turnouts, 75b miles—making a total of 2,406 miles of track
owned by the company, and 1,282 miles leased, 3,688 miles in all.
Also operates the Dun. All. Val. A P. RR., 104 miles, but reported sep
arately. rlhe \\ est Shore R’way was based in Dee., 1885, for 475 years.
Organization, Ac.-This company "was formed by a consolidation
of the New York Central and the Hudson River railroads Octobei
1,1869.
The New York Central .was a consolidation oFseveial roads
special law of April 2, 1853. The Albany A Schenectady Rail¬
road, opened September 12, 1831, as the Mohawk A Hudson, was the
a
first railroad built in the State of New York. The Hudson River Rail¬
road was chartered May 12, 1846, and road opened October, 1851.
Stock and Bonds.—The famous scrip dividend of 80 percent on the
capital stock of the New York Central was made in December. 1868.
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the New York
Central stock and 85 per cent on the Hudson River stock.
In Nov.,
1879, 250,000 shares ($25,000,000)
X.
Julv 15, 1899
Dee. 1, 1899
Julv 1, 1887
Y., 116 Liberty St.
New York.
A
New London. Office.
D N. Y., H’k oi N. America
do
do
J.
A
New Yortu
M. v N.
A. A O N. Y .Farm. L
Julv, 189.
July, 1910
Nov. 1,
Nov. 1,
Ag'-ney.
A
IT. Co.
1920
191.>
1
5
6
7
6 g.
5
6 g.
6
6
6
7
7
4
3
7
3,697,000
(?)
900,000
1,800,000
8,618,500
1,381,500
12,000,000
10,000,000
12,000,000
5,000.000
1*4
6
5
1885-8 0
J. N. Y., Corbin Bank’gCo
do
do
A. A O.
M. A N
London, Baring Pros.
Q-J N. V., Gr,Central Depot.
do
M. A V
do
J. A D.
do
do
do
do
J. A J
J. A J. New York and London.
U. A S. N.Y., Gr. Centr’l Depot.
.Tau. 1, 1897
Oct. 1, 1935
Last paid Dee.,’84
Last paid Meh.’85Last paid Nov. ’81
New York Agency.
0.
A. New York, Co.’s Office,
do
do
S.
J. N.Y., Gr. Central Depot.
do
do
J.
do
do
N.
N. Y. by D. L. A W.
Q. .-J.
do
do
J. A J.
F. A A.
do
do
Dee.
Mar.
J.
J.
M.
M.
A.
F.
M.
J.
J.
M.
A
A
A
A
A
A
A
A
A
A
May 1, 1904
July 15, 1887
May 1, 1893
Dee. 15, 18S7
Jam 1, 1903
Jan. 1, 1903
Sept. 1, 1904
I).
S.
N.
May
1, 1921
1, 1923
1. 1910
1926.
July 1, 1887
July 1, 1887
May, 1900
Oct. 1, 1887
Jan. 1, 192 f
Aug. 1. 19V 3
by Mr. W H. Vanderbilt at the price of 120, and 100.000 shares sold
afterwards.
Dividends of 8 per cent per annum had been paid since
1868, but in 1885 only 3*g per cent was paid, and in 1886, 4. Prices of
stock since 1870 have been: In 1871. 84i4®103!58; in 1872. 89®1017s;
in 1873, 777s® 106*2 ; in T874, 9578«'1055q ; In 1875, 100® 107^8; in
1*76. 96®117*2; in 1877, 85*4® 109*4; 1878, 103»4®115; in 1879,112
® 139; in 1880, 122®1553s; in 1881, 130*4® 155; in 1882. 12388® 138;
in 1883, 111*2® 129*8; in 1884, 83D>®122; in 1885, 81V® 107*4; in 1886.
98 V® 1173s; in 1887 torept. 16, 105^(t 114•%(.
The debenture bonds of 1884 must be included in any new mortgage
issued prior to 1902.
Operations, Finances. Ac.—The New York Central A
Hudson’
River RR has an exceptionally rich local traffic, but the protits also
depend very much upon harmony among the trunk lines.
In Dec., 1885, a lease of the West Shore Railway was taken for
475 years and the bonds of $50,000,000 at 4 per cent guaranteed, by N ..
Y. C. A Hud., and $10,006,000 West Shore stock taken as consideration.
For the quarter and nine months ending June 30, returns wore as lotlows
:
Quarter ended June 30
1887.
1886.
9 Months ended June 3\r
1886-7.
1885-6.
$7,570,411 $25,746,981 $21,789,214
4,841,131 16,3.5.555 13,732,701
Gross earnings
Operating expenses
$8,636,374
Net earnings...
First charges
$3,278,464
1,957,200
$2,729,28 )
1,926,000
$ ,421,4 16
5,871,6'0
$3,0 6,513
5,319,0.0
Profit
Div. pd.,(l p. C.
$1,321,264
$803,2^0
891, >83
$3,5-19,926
2,682,81*
$2,737,513
894,283
$126,981
def.$31,C03
$866,977
$’>4,66-1
5,357,910
qt\)
Surplus
Annual ieport
Year
2,682,840*
for 1885-6 in Chronicle, V. 4 J, p 58.
Net Income, Divi-
Freight (ton)
Gross
over exp., (lends,
Mileage.
Receipts. int.A rents, p. c. Surplus
Sep. 30. Mileage.
1883.429,385,561 2,200,896,780 $33,770,722 $7,327,156 8
$179,024
1884.387,829,886 1.970,087,115 28,148,667 4,668,759 8 *2,490,885
1885.438,397,774 2,137.821.205 24,429,141 2,176.342 3*2*953,651
1886.476,128,729 2,414,266,463 30,506,362 4.650,loO 4 1,072,968
euding Passenger
*
Deficit. In 1884-5 total deficit was $2,295,072.
-(V. 43, p. 5, 23, 399, 745; V. 44, p. 22, 58, 212, 370; V. 45, p. 5, 26\
211.)
New York Chicago A St. Louis.—Buffalo, N. Y., to Grand Cross¬
ing, Ill., 513 miles; leased in Buffalo l*s miles; Grand Crossing to Chi¬
cago 9 miles; total, 523 miles. This Company was formed in 1881 anti
became known as the “Nickel Plate.”
In January, 1887, the Common Pit as Court at Cleveland, O., gave
judgment against the validity of tho first mortgage,
owing to the
methods in which the bonds were negotiated by the directors, anti
ruled in favor of the second mortgage
Tho proposed setthment was
given in V. 44, p. 211, viz.: That a new $20,000,1
mortgage l>e issued,
bearing 4 per cent, running fid 1937, and these bonds be given io the old
mortgage bondholders at 112 for firsts and lloR, for seconds; the oh I
stocks are assessed 10 per cent, a»-d then receive new p.ofe.jrtd ami
common stock respectively for 50 per cent of the face of their old st; ck;
first preferred stock for $5,000,000 is issued for the cash asst-ssments paid.
Sale in foreclosure took place May 19. 1887, and reorgani¬
zation is in progress to be p*riected in Sept, or Oct., Itb7, alti r which
new
—(V. 43, p. 125.)
under
J
A I)
*
2D,
7
5 g.
6 g.
9.733,333
7,850,000
50,000.000
500 Ac.
A
Q.-J.
J.
J.
6 g.
6 g.
15.000,000
1,04(5,000
1,000
1872
i
1*2
7
4 A 5
1,372,000
20
N. Y. A"Man. Beach RR.. 1st mortgage
N.Y. B.AM.B., 1st consol, mort,, gold
N. F. <£ Canada— 1st M.. sterling, guar. D.A If. Can.
New York Centra! & Hudson River—Stock
1,143
Premium bonds (N. Y. Central) ext. 10 yTs, *83..
Renewal bonds
840
N. Y. C. A II., 5 $30,000,000 \
r.lfr
nr
(
840
mortgage...) £2,000,000 5 LOUi
(
Debenture bonds (for rlO,000,000),coup, or reg..
523
N. Y. Chicago d- SI. L.-Stock ($22,000,000 is pref.)
513
1st mortgage, gold, coup, or leg
513
2d mortgage (for $10.000,000)
62
N. F. City <£ Northern—Consolidated mort
50
N. Y. Danbury d* Boston—1st mortgage
40
New York «£• Greenwood Lake.—1st mort., income ..
2d mort., income
156
Hew York dt Harlem—Common stock
156
Preferred stock
132
Consol, mort., coup, or reg
214
N. F. Lackawanna <£ Western.—Stock, guar., 5 p.ct.
200
1st mortgage, coupon, may be registered
200
2d mort.. gunr. by Del. Lack A West
south
1,500.000
387,500
1.112,000
11,660,000
900,000
J.
J.
6
7
were
sold to
a
syndicate Of bankers
the
new
stock and bonds will be issued.
1, 1886, to June 3<L 1887 <9 months), gross earnings were
$3 409,336, against $2,689,971 in 1885-86: net. $ ,083.865, against
$909,155; balance over rents and taxes, $940,583, against $595,8^1.
From Oct.
For the year ending
missioners sliowtd:
Sept. 30 the reports to the New York State Com¬
1 ►•85-86.
1881-85.
$3,595,169
earnings
Operating expenses
Gross
2,417,817
$3,111,729'
2,307,820
Net earnings
$8* 3.909
$1,177,352
Rentals, taxes, Ac. (no int. on mortg ).
44 5,066
308,151
Surplus
$495,758
$762,286
—(V. 43, p. 163, 334, 459, 609. 771; V. 44, p. 60,118. 211, 212. 244,
276, 278, 308, 335, 344, 460, 495, 527, 621, 653, 811; V. 4>, p. 53, 203,
240, 272, 292.)
New York City A Northern.-Owns from 157th Street in 8tb
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch, 54 miles. The company in May, 1880,
leased the West Side A Yonkers road for 9:>9 yours and the. consoli¬
dated mortgage was issued to take up all t lie other hotidi-. of which $264,000 under a prior mortgage remained out, when foi eel* sure took p a e
August 17, 1887. The n> w company will issue. $1,200,0' O ) st mortg 5
percent bonds, *3,200.000 2d mortg. 4 perei nt income bonds, $»:,oo0,000 of 5 per cent pref. stock, an 1 $3,000,000 coup. st8<-k,
1 he follow¬
ing directors have been selected for the no" org t.-izaii-n : A Bay IB, D.
E.TI. Ih nner, H.-F. Dimoc];, .1. B. Erhardt, G. .1. Fomsf.-YV. if. Hol¬
lister, A. Liclienstein, J. J. McCook, A. M.ii'cus, W. Mortens, ii. Randall.
.
G. W. Smith and G. L. Stone.
From Jan
1 to June 3o in 1887 (6 months), gross earnings were
$265,015, against $i49.371 in 1886; net, $35,722, against $49,531;
deficit under fixed charges. $91,478, against $79,367. (V. 43. p. 547 ;
V. 44, p. 90, 211, 235, 370, 499, 5Sli. 752; V. 4 5, p. 13o, 240, 272.)
76
INVESTOR’
SUPLEMNT.
[Vou
xlv,
Subscribers will confer a
explanation of column headings, Ac., see notes
on first page of tables.
N. T. Lake Erie <t West.—Stock, common
1,678
let mortgage (extended in 1867 to 1897)
2d mortgage, gold (extended in 1879)
3d mold., gold (extended 40 years at 4^3 p. ct)—
4th mort., gold, (extended in 1880 at 5 per cent).
....
convertible
Buffalo Branch Bonds.
Bong Dock Co , old mortgage
do
mort., coup.,gold (for
1st consolidated mortgage, gold
"
$7,500,000)
do
do
funded coupon bonds.
N. Y. L. E. A W. reorganization 1st lien b’ds, gold
do
2d consol, mort., gold
do
income bonds (non-cum.)
do
fund.coup.bds (redeem, at 105 A int.)
Collateral Tr. bonds, gold, red’ble at 110
Car trust bonds (anly $600,000 are 6s)
Ntio Torre dLong Branch—Stock
Mortgage
bonds
77
—
Amount
Outstanding
100
1847
1879
1853
1857
185S
1861
1863
1885
1870
1878
1878
1878
1878
1885
1882
....
38
1,000
1,000
1,000
1,000
500 Ac.
32 i
321
263
123
12
12
100 Ac.
1,000
l,o00
1,000
500 Ac.
1.000
500 Ae.
300 Ac.
1.000
Where
Whom.
Slocks—Last
Dividenu.
N.Y., 19 Cortlandt St.
Jan. 15, 1884
Payable, and by
Payable
m
m
1876
1882
1882
1883
1873
1881
1884
2,149,000
4,618,000
5 g.
M. A N.
M. A S.
2.000.000
1,000
1,000
ioo
15,500,000
•
•
5
7
7
7
6
7
7
6
6
6
5
6
6 A
5,612,000
m
1,500.000
19,313,000
i,v*0O,u0ff
10.000,000
4,361,000
•
4igg. M.
508,008
4,032,000
4,273.000
....
,
Yearly.
7
33,597,400
1,000
m
6
2,500,000
•
....
1,000Ac
1,000
1,000
N. Y. Danbury Sc Boston.—Road projected from Bronx River.
N. Y., to D nbur.x, Conn., 5o miles, double tiaek. Contract to finish road
In one year let to Hemau Clark. Bonds of #2,000,000 taken by a syndi¬
This is the r< ad named as the connecting 'iue of the N. Y. A New
cate.
England, meeting the Suburban Rapid Tiansit also at Bronx River.
F. A. White, live.;
Scott, Win. P. Wat
son, Clias. IT. Capen, John C. Short, Robert Blake, Theo. Talbot.
(V.
43, p. 103, 635, 6-1.)
New York. Sc Greenwood Lake.—Owns from Jersey City, N. J.,
to Greenwood Lake, 48 miles; branches — Ringwood Junction to
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
miles.
This was tlie Montclair Railroad, opened in 1874. It was sold
and reorganized as Montclair A Green wood Lake, and again sold
October 12, 1878, and the present company organized. The New York
Lake Erie A Western purchased. a controlling interest in the property
aud now operate it. Tlie holders of the second mortgage bonds have
a right to pay off the first mortgage bonds of $900,000 at 105, and thus
Stock is $3,000,000. Tlie directors are as follows:
R. M. Hazard, J. L. Macaulay, D. C. Calvin, Geo. S.
fain
ol thenet,
property.
Thepayments,
stock is $100,000.
Gross earnings
885,control
$188,474;
$21,514;
$19,149. Gross
earnings in
in
1886, $2-8,169; net. $3,239; payments, $17,Sod. Abram S. Hewitt,
President.
New York Sc Harlem.—Owns from New York CityT to Chatham,
N. Y., 127 miles. From Chatham to Albany, 24 miles; tlie Boat. A Alb.,
RR. is used.
This c, uuoany owns the Fourth Avenue street railroad
The property' (except the horse railroad) was leased April 1, 1873, tor
401 years, to the N. Y. Central A Hudson Riier RR. at 8 per cent diviidends on the stock and the interest on the bonds. The Fourth ave. horse
railroad was retained, and extra dividends are paid out of its receipts
annually in April. All operations of the main road are included with
those of the N. Y. Central A Hudson.
New York Lackawauua Sc Western.—(See Wap of Del. Lack,
d West.)- From Binghamton to Buffalo and International Bridge and
branches, 214 miles; built under the auspices of Del. Lack. A Western.
Opened Oct., 1882, and leased to Del. Lack. A West, for 99 yrears, with
a guaranty of the bonds and 5 per ceDt yearly on the stock.
The latter
guaranty is written across the face of the certiorates and signed by the D.
L. A W. officials. Sept. 30, 1886. owed D. L. A W. for advances $782,770.
New York Lake Brie Sc Western.—Link of Road.—Jersey Cffy,
N. J., to Dunkirk, N. Y., 4b0 miles: branches—IPermont, 18 miles; New-
burg, 19 miles: Buffalo. 60 miles: Erie International RR.. 5 miles;
Rutherford to Ridgewood, 10 miles; leased—Montgomery A Erie RR.,
10 miles; Goshen A Deckertowu, 12 miles; Newburg A New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Honesdale, 24
milee; Jefferson RR., 37 miles; Buff. Brad. A Pittsburg aud extension, 68
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester A Genessee Valley, 18 miles; Avon Gen. A Mount
Morris, 18 miles; Pat. A Hud., 15 miles; Pat. A Ram., 15 miles; Loekport
& Buff, 15 miles; Buff. ASouthw.,68 miles: controlled—Newark A Hud.,
6 miles; Weehawken N.Y. A Ft. Lee, 4 miles; Northern of N. J., 25 miles;
Middletown A Crawford, 11 miles; N. Y. Penn. A Ohio and branches, 573
miles; total operated, 1,678 miles
On May 1, 1883, began to operate the New York Pennsylvania A Ohio
under lease, and on May 14, 1883, the Chicago A Atlantic road was
opened from Marion, Ohio (outlie New York Pennsylvania A Ohio), to
Chicago, 268 miles, and under control of N. Y. Lake Erie A West, gave a
complete line from New Y’orkto Chicago; but in 1385, owing to dissen
eions, this was broken.
Organization. Leases, Ac.—The New York A Erie RR. was chartered
A.
J.
J.
g.
g.
gg-
g
5
J.
A.
M.
M.
M.
J.
J.
J.
M.
do
do
do
do
A S.
do
do
A O.
do
do
do
A D.
do
do
A J.
do
do
A I).
do
A O.
do
do
A 8. New York and London,
do
A S.
do
do
do
AN.,
A D. Coupon of June,’86, off.
A I>.
Last paid Dec. 1883.
A D.
A N.
New York A London.
A. A O.
J. A D.
5
N.
Y., 119
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1,
June 1,
1920
1888
July 1, 1891
June, 1893
Oct. 1, 1935
Sept, 1, 1920
8ept. 1, 1920
Dec. 1, 1908
Dec. 1, 1969
June 1, 1977
Dee, 1, 1969
Nov. 1, 1922
1887-1892
Oct., 1886
Liberty St.
1923
'
3*2
6 A 7
3, 5 A 6
4
2*3
2,000,000
4
2,000,000
1,000,000
6 A 7
4
58.113.982
1,000
g.
3*2
1,646,532
417
321
When
8,147,400
2,482,000
2,926,000
709,500
182,600
3,000,000
4,500.000
16.890,000
3,705.977
1882
471
pal, When Due.
Rate per
Cent.
$100 $77,303,700
....
S2H-<z>38s: O^l1;
N.T. & N. England—Stock ($20,000,000 auth’rized)
Preferred stock, 7 per cent cumulative
1st mortgage ($0,000,000 are 7s)
2d mortgage ($3,341,000 are 6s)
Notes and debts for terminal property
New York New Haven d Hartford—Stock
Mortgage bonds, reg. (for $5,000,00 >)
Harlem A Portchester, 1st mortgage guaranteed,
do
do
2d M., coup, or reg., guar..
New York Ontario <£■ Western—Common stock
1st M., gold, for $4,000,000 (redeemable at 110)..
Bo nd *—Princi¬
INTEREST
Miles
Date 1 Size, or
of
of
Par
Road. Bends. Value.
1,678
Preferred stock
5th mortgage,
BONDS.
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
RAILROAD
September, 1887.]
-
.
•
May 2, 1887
A
Jan.,
id05
Aug. 1, 1902
1886-92
Q.-J. |N.Y., Grand Cen. Depot, July 1, 1887
J. A D.
A. A O.
J. A D.
do
do
do
do
do
do
June 1, 1903
1903
J un© 1, 1911
•
6 g-
2,927,000
Boston.
J.l Bos., Safe Dep.AT’stCo.
F. A A.
Boston.
Boston.
Various
J.
Sept*.*1**1914
New York
M. A S.
Operations, Finances, Ac.—The company since its reorganization
in 1878 has become a standard gauge system. The income account for
several y'ears showed a considerable surplus over fixed charges, but in
1883-84 the income fell off largely, and there was a deficit below tlie
interest requirements, and three coupons, June, 1884, to June, 1885,
on tlie 2d consol bonds, were passed.
Some of the holders of car trust bonds have relinquished their right
to annual drawings of principal, and 90 per cent of the holders agreed
to reduce their interest to 5 per cent, but other holders obtained a de¬
cision sustaining their original contract.
From October, 1886, to June 30, 1887 (9 months) g'oss earnings were
$17,714,326, against $16,223,109 in 1885-86; nor, $5,51 -,2:*6, against
#4,874,614; surplus over fixed charges $640,117, against a deffeitof
$17,004.
From October
1, 18'0, to July 31, 1887 (10 months), gross earnings
$19,846,025, against $18,208,176 iu 1/-85-6; net, #5,855,369,
against $5,209,028.
The animal report for year ending Sept. 30, 1886, published in the
Chronicle, V. 43, p. 618 and 669, had the following:
were
OPERATIONS AND FISCAL RESULTS.
Operations*—
1832-83.
1883-84.
1884-85.
1885-86.
Passengers carried..
6,934,724
6,734,045
7,727,051
7,209,054
Passenger mileage
247,147,117 235,105,058 250,635,115 256,137,487
Freight (tons) moved 13,610.623 16,219,598 14,959,970 18,668.239
Freight (tons) mil’ge 2306946892 2498888976 2381778927 2832311126
..
Figures of traffic do not include coal and supplies.
$
$
Earnings—
$
4,675,872
3,936,793
4,632,229
Passenger
Freight
17,213,621 15,773,004 13,813,249
1,188,559
1,134,530
956,396
MaiI.expr’s.rents.Ac.
Total gross earn’gs. 22,802,246 21,637,435
13,93 4,572
Operating expenses. 15,444,583 16,358,077 14,347,516
Set earnings
P. o. op. exp.to
7,357,663
64-78
5,279,358
69-52
$
4,393,812
16.894,908
1.211,326
22.500.046
16,388.633
4,587,056
69 79
6.111.408
66*97
The statement of profit and loss inc’udes numerous items, and refer¬
ence should bo made to the table in V. 43, p. 669, of which the totals are
as follows for the years ending Sept. 30, 1883, 1884, 1885 aud 1886:
earn’s
1883.
1884.
1885.
1886.
Total income....
Total debits*....
$8,23 4,463
$5,589,748
6,966,691
$7,057,><69
7,043,258
Surp. or deficit..
$1,265,485 def.$698,62‘2 df.$l,376,943
8ur.$14,611
6,968,978
$6,356,983
7,055,606
*
Includes full interest on 2d consols each year whether paid or not.
-(V. 43. p. 23, 132. 191. 245, 399, 648, 669, 671; V -44, p 22,90,
149, 212, 308, 369, 40J, 466, 551, 602, 681; V. 45, p. 26, 143, zll, 212,
305.)
New York Sc
were
consolidated
Long Branch,-The following-named companies
on
December 21, 1881: New Yo k
A Long Branch
RR., from Perth Amboy to Long
Branch, 23 miles; Now Egypt A Farmingdale RR., from Long Branch to Ocean Beach, 7; Long Branch A
Sea Girt RR., from Ocean Beach to Sea Girt, 3; New York A Long
Branch Extension RR., from Sea Gi rt to Point Pleasant, 3 ; Long
Branch A Barnegat Bay' Rli., from Point Pleasant to Bay Head, 1;
total length, 38 miles.
The Central RR. of New Jersey owns a ma¬
jority of the stock, ami by'contract of Jan. 3, 1882. the Penn. RR. aud
April 24, 1832, and the State of New York loaned the company $3,000,- Central
of N. J. agree to pay 32 p. ct. of gross traffic—$206,000 per year
000; the road was opened to Dunkirk April 22, 1851. The company
as a minimum to $240,000 "as a maximum.
In 1886 gross earnings were
was reorganized under the name of Erie Railway Co. June 25, 1861.
This Erie Railway was sold in foreclosure emfer the second consolidated $602,552; net, #129 099.
New York Sc New England.—The mileage owned Is as fol¬
mortgage in 1878. The present company ,,'us organized and took
possession June 1, 1878. The Long Dock <o. has stock of $800,000, all lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
owned by tlie N. Y. L. E. A W.; its property consists of lands and binds miles; Providence to Willimantic, 58 miles; branches—Newton, Mass.,
to Woonsocket, R. L, 28 miles;
East Thompson, Conn., to Southunder water, about 577 acres, with piers, buildings, Ac.
Stock and Bonds.—Preferred stock has a prior right to 6 percent bridge, Mass., 17 miles; Elmwood to Dedham, Mass., l1^miles; Charles
<non-cumulative» from the net profits, ‘ms declared by the board of di¬ Eiv. to Ridge Hill, Mass., 2 miles; other branches, 1*2 miles; total,owned,
rectors,” but the U. S. Supreme Court held in 1386 that 'his stock has 326 miles. Leased—Franklin to Valley' Falls, 14 miles; Vernon to Rock¬
no legal right to claim a dividend, though net earnings are sufficient.
ville, 4 miles; Springfield to E. Hartford, Ac., 34 miles; Norwich A Wor¬
Prices ol com. and pref. stock since June, 1873. have been as follows: cester RR., 66 miles; total leased, 119 miles; also has running arrange¬
Com.—In 1878, 7&s®2212; in 1879, 2l1«a)49; in 1880,
in 1881, ments over 26 miles more. Total, 471 miles. Controls Norwich A N. Y.
39%®527*; in 1882,33^d)^3\; in 1883, 2678 04O78; in 1831, 11 *80/23^; Steamer line.
The former Boston Hartford A Erie Railroad became insolvent and was
in 1835, 9142,2t 7s; in 1886,
in 1887 to Sept. 16, 27
35»8. Pref.—In 1878,21^^38; in 1879, 37^»781s; iu 1880, 47^93^; succeeded by' this company, formed in 1873. In 1878-79 the company
In 1881, 80L2o96ia; in 1882, 67®68i4;in 1883,72^83: iu 1884, 207// acquired the Hartford Prov. A Fishkill RR. Since the completion of
the line to Fishkill on the Hudson in 1883, the through traffic rates
71: in 1385, 18«/57; in 1886, SO^TpSILj: in 1887 to Sept. 16, 64*276.
The 1st consol, funded coupon bonds are secured by lien of consoli¬ have been demoralized, and the N. Y. A New England has not yet
dated mortgage. On the second consolidated mortgage no foreclosure realized the full benefit of that extension.
On January l, 18x4, Mr. C. P. Clark, the President, was appointed the
can take p'see till six successive coupons are iu default, but all of one
coupon must be paid before any' part of a subsequent coupon is receiver, and so remained till Jar,. 1, 1><86, when the road was returned
paid. In 1883 the collat’l trust bonds were issued (the U. S. Trust to its owners. For the ear trust bonds 2d mortg. bonds were issued,
Co. trustee; see V. 38, p. 509), and redeemable at 110 on three months’ bearing 3 per cent to Feb. 1x90, 5 per cent to Feb 1892 and 6 for l»alnotice; about $73o,000 were so redeemed Nov., 1885. The 2d consol, ance of term. In 1885 $2,000,000 of 7 p. e. cumulative preferred stock
funded coupon bonds of 1885 were issued to fund three past due at par taken by stockholders and others cleared off the floating d bt.
From October 1, 18-6, to June 30, in 1887 (9 months), gross e filings
coupons and tliq coupon of June, 1886, and the coups, are deposited as
security. Tnesahnuds are redeemable at any time at 105 and accrued were $2,979,565, against $2,724,449 in 1x85-6; net. $9 .9,792. against
interest,
l’he Ltrng Dock mort. for $7,500,000 was issued iu 1885 $927,877; surplus over charges, $78,022, agst. a deficiency' of
16,172.
Annual report for year ending Sept. 30, 1886, in V. :3, p. 70.
($3,000,000 being reserved to meet the old bonds), and the bonds under
this mort. are payable at 110 from proceeds of laud sales.
Operations, Ac., for four years past were :
INVESTORS’
78
Subscribers will confer a
on
tirst page
|Vol.XLV,
immediate notice of any error discovered In Shew
great favoi by giving
Tables.
Bonds—PrLnci -
INTEREST OR DIVIDENDS.
DESCRIPTION.
explanation of column
SUPPLEMENT,
headings, &c., see notes
of tables.
Date
Size, or
Par
of
Bonds Value.
Miles
of
Road.
Amount
Outstanding
Where Payable,
Whom.
Payable
When
Rate per
Cent.
--
pal,When Due.
and by
Stocks—Last
Dividend.
-
1st
mort.,
Ohio—Prior lien
2d mortgage, incomes, $ ct £
3d mortgage, incomes, $ & £
N. F. Phila. <& Norfolk— 1st mortgage,
Income
mortgage, non cumulative..
432
432
432
112
gold
(Stonington to New London)
Western— 1st mort., Midland of N. J.
Mortgage, gold, on Paterson Extension
New first mort., gold (2d M. on 72 miles)
New 2d M. ( $1,000,0u0 g>dd), 3d M. on 72 miles..
N. Y. Tex *t ilex.—1st M.. gold
N.Y. Woodhaven <£- Rockaway—1st mortgage, coup .
Income bonds, non-cumulative, reg..
Niagara Bridge, <£■ Canandaigua—Stock
Norfolk• Southern—1st mortgage, gold
2d mortgage, income (not cumulative)
1st mortgage
73
134
134
16
100
75
75
debenture
Funded int. bonds ($270,000 secured by coupons)
Norfolk <c Western.—Common stock
Preferred (G per cent) stock
General mortgag, gold (for $11,000,000)
1st M., gold, on New Riv. div, (coup, or reg.)
Improv. & Ext. mort., gold, ($8,000,000 author’d)
Adjustment mort., gold (red’ble after ’94 at 110).
2d mortgage
mortg on Clinch
44.236,000
1,000
1,000
1,000
500 Ac.
1,000
1880
1881
1881
’S0-'82
lot)
533
533
115
1881
1882
1883
1884
1887
1,000
1,000
1,000
300
100
100
1.000
1,000
2,500,000
1884-85.
$
1885-86.
3.288,916
$
987,231
3L.816
23,473
35,411
Total income
Disbursements—
Rentals paid
385,481
428,122
1,010,704
1,278,800
74,844
848,064
7,594
86,582
88,903
916,273
10,113
82,103
130,132
66,235
933,221
28,769
32,041
964,629
94,269
9,507
133,000
1,017,084
1,097,397
1,124,166
1,267,610
sur. 11,160
def. 631,603 def. 669,275 def. 113,459
♦Including int. on Terminals and full interest on bonds each year.
—V. 44, p. 22, x t9, 185, 276, 308, 344, 525. 551. 682; V. 45, p. 178, 305.)
New York New Haven Sc Hartford.—Owns from Harlem June
N. Y., toSpringticld.Mass.. 123 miles; branches to New Britain, Middle,
miles.
RR., 12 miles;
and branch, 54
Stamford & New Canaan Road, 8 miles—total operated, 263
This was a consolidation July 24, 1872, of the New York& New
Haven
and the Hartford & Now
town andSuffield, 18 miles, leased—Harlem <fePortchester
Shore Line RR., 50 miles; Boston & New York Air Line
miles;
Haven railroads. The company uses
Y. City and pays a
large rent therefor. The company leases the Harlem River ct Portchester Railioad, and guarantees the bonds. In November, 1882, the
lease of the N. Y. <t Boston Air Line for 99 years at 4 per cent per an¬
num on the preferred stock was made.
In Sept., 1882, the stock of the
Hart. <fc Conn. Val. road was purchased. In April, 1881, a controlling in¬
terest was bought in the N. Haven Si Northampton RR. In July, 18*7,
it was voted to lease the New Canaan road, the Naugatuck, the New
Haven ct Northampton and the. Hartford <t Connecticut Valley.
From October 1,1886, to Juno 30, 1887 (9 months), gross earnings
were $5,555,302,
against $5,440,320 in 1885-86; net, $1,922,874,
against $1,892,329; surplus over lixed charge*, $1,309,944, against
$1,298,377. Fiscal year ends Sept. 30. Annual report for 1885-6 was
the N. Y. & Har.
in V. 44, p.
RR. from Williams bridge into N.
58.
1883-4.
Grosseauungs
Operating expouses
Disbu rse wen Is—
Rt ntals paid
Interest on debt
Total
Surplus for dividends.
Dividends paid
'
Balance
.
1884-5.
$
1885-6.
$
$
G,887,259
?>§§7,259
4,655,044
6,895,824
4,449,288
4,775, *20
2,232,245
2,446,536
2,826,126
422.992
250.052
42 ">,66 3
250,000
442,876
250,000
673,044
1,559,171
1,559,171
1,550,000
1,550,000
675,668
1/770,868
1,550,000
692,876
2,133,250
1,550,000
9,171
220,868
5-3,250
7,601,946
653, 681, 782; V. 45, p. 53, 84, 240.)
(V. 44, p. 58, 212, 495. 586.
New York Ontario Sc Western.—(Sec
Map)—Owns from Oswego,
miles;
N Y., to Cornwall, N. Y„ 273 miles; branches to New Berlin, 22
to Delhi, 17 miles; to Ellenville,8 miles; total owned, 320 miles; leases
Randallsville to Utica, 32 miles, and Clinton to Rome, 12 miles. By con¬
tract has right over West Shore RR. from Cornwall to Weehawken, 53
miles; total operated, 417 miles.
In May, 1886, made the agreement
6 g.
6 g.
7 g5
1.500,000
A. ct O.
M. ct 8.
Yearly.
with the D. & II. Canal Co. for
operation of the U. C. & Bing, and the Rome ct Clin, roads for 30 years
on a pei cent age basis.
This was the New York & Oswego Midland. Main lino was opened
July, 1871. Default was made in 1873. The main line was sold iu fore¬
closure Nov. 14, 1879.
Present company organized January 22, 1880.
Of the $4,000,000 of 6 per cent first mortgage, bonds $2,000,000 were
used to retire the preferred stock, of which $73,000 was outstanding Oc¬
tober, 1886. By agreement wi^h the new West Shore Co. in January,
1886, the N. Y\ O. & W. took title to the road, Middleton to Cornwall,
and a right to run its trains over the West Shore from Cornwall to Weohawken by payment of a fixed sum per mile for trackage.
From Oct. i. 188 , to duly 31, 1887 (10 mos.), gross earnings were
$1,145,650, against $1,214,293 in 1885-80; net, $144,417, against
$146,705.
In the year ending Sept. 30,1886, gross earnings were $1,492,851;
net, $221,999. See annual report in V. 43, p. 606.
From Oet. 1, 1886, to June 30, 1887 (9 mos.), gross earnings were
$990,219, against $1,069,964; in 1885-0; net. $154,599, against *161 ,716; deficit under charges, $31,801, against a surplus of $41,850. (V.
43, p. 606. 619; V. 44, p. 212, 276, 308, 434,451,654,713; V. 45, p.
26, 143, 240. 272.)
New York Penusylvaiiia Sc Oliio,—Owns from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—to Oil City, 34 miles; to
Silver Creek, O., 2 miles; total owned, 424 miles.
Leased lines—
Clove.& Mahon. KR.,81 in.; Niles & New Lisbon RR., 36 m.; other small
branches. 32 m.; total operated, 573 miles. Changed to standard gauge
June. 1880.
Formerly Atlantic & Great Western Railway Sold July
1, 1871, iUid leased to Erie on May 1,1874, but lease not carried out.
N. Y., Cent. RR. Ofliee.
from Sep. 1,’84
Int.fuiid.
Oct, 1, 1887
Sept. 1, 1920
1, 1970
Jan.
.
A. ct O. Int.fimd. from
Sep.1,’84
Various
Oct. 1, 1921
1920 & 1921
■
....
M. Si N. N. Y. and
do
A. ct O.
do
F. Si A.
Philadelphia.
do
do
New York and Phila.
Q.-M.
Again sold Jan. 6, 1880, and
1883-84.
3,204
Balance
1,000.000
3
1,000,000
6 g.
900,000
6
1,000,000
6
250,000
6
345,000
7,000,000
22,030,000 3*2 scrip.
6 g.
6,907,000
1,000
382,277
TotTdisb’ments.
4 g.
5 g.
2.000.000
Si
&
<t
<t
&
....
^i^g.
636,000
3,500,000
Net earnings
Other receipts
Interest on oouds*...
Int. on floating debt.
Int.onear t r’s'st mis.
7 per cent dividend..
g.
g.
7
4
6
6 g.
5 g.
3,500,000
250,000
1,000
1,000
3,863,994
1,243,389
3,568,653
8. London and New York. March 1, 1895
do
do
J.
July 1, 1905
do
do
May 1, 1910
N.
do
do
N.
May, 1915
J. Phila., Penn.RR. Office. Jan. 1, 1923
Oct. 1, 1933
do
do
Q—Feb. N. Y., Central Trust Co. Aug. 10, 1887
do
do
July 1, 1899
J. & J.
do
do
A. & O.
April 1, 1901
A. Si O. N. Y., Nat. Park Bank.
April 1, 1910
1911
N. Y., ofliee of Co.
T. & D.
.Tam 1, 1937 '
J. & J. N. Y., Nat. Park Bank.
Feb. 1, 1937
F. ct A. New York, Park Bank.
Oct, 1, 1912
N. Y., So. Pae. Co.
A. ct O.
Treasurer’s Office.
J. & J.
M.
J.
M.
M.
J.
g.
g.
2h!
3,000,000
1,000,000
300.000
1,442,500
1,000,000
$
3,337,901
396,276
$
Receipts—
Gross earnings
1,848,(-00
1,000,000
500
INCOME ACCOUNT.
1882-83.
14,500,000
3,750.000
1,000
6
7
5
.5
6
G
30,000,000
1,000
1,000
100
533
533
428
Valley Div
$8,000,000
500 *fcc.
500 etc.
500 &e.
1.000
1869
1881
1880
1881
18m7
1887
1882
1887
1887
12
N Y.Susgueh.d:
$500Aic.
100
82
50
N. T. Pi '<}v. & Boston—(Stoniugton)— Stock
First mortgage
1st
1880
1880
1880
1880
1883
1883
432
bonus,gold,$&£
gold (no foreclosure till 18S5,) $ Sc £ ..
New Tor/: Pern?. <£•
Jan.
May
ib,
1884
1, 1931
April 1, 1932
Feb. 1, 1934
Dec. 1, 1924
1957
reorganized by a London committee
of stock and bond holders. (yeo V. 30, p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during throe years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not be earned to be payable in deferred warrants, to be
in bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until July 1, 1895, the right to foreclose
the mortgage is suspended. On the second and third mortgages there
is no right to sue the company or to foreclose. The stock is-preferred
$10,000,000; common, $34,999,350.
The deferred warrants Dee 31,
’86, were $5,502,176. Bonds above are also secured on leasehold estates.
A lease to N.Y. Lake Erie & Western from May 1, 1883, was modi¬
fied from April 1, 1887. The rental is 32 per cent of all gross earnings
up to $6,000,000, and increased by 1-10 of 1 per cent on
1(j0 of gross earnings above $6,000,000 until the gross earnings are
capitalized
each $100,-
$7,250,000, and then 31* per cent of all earnings. But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to be made up without
interest out of the excess iu any subsequent year. Out of the rental paid,
the N. Y. P. Si O. has to pay its interest and rentals, and a payment of
$260,346 a year to the ear trust. See V. 45, p. 211.
Earnings for year ending Sept. 30, 1886, $6,161,107; net, $2,011,522;
rental to N. Y. P. Si O., $2,001,401; surplus of N. Y. P <t O. after all pay¬
ments, $9,876. See V. 44, p. 342, 370: V. 45, p. 84, 143, 211.
New York Philadelphia Sc Norfolk.—Operates from Delmar,
Del., to Cape Charles, Va., 95 miles, aud King’s Creek, Md., to Cristleld,
17 miles; total, 1L2 miles. Successor of the Peninsula RR. Co. of Va.,
Jan. 1, 1881, purchased the Eastern Shore (Md.) RR.. Dclmar to Crisfield, 38 miles. Capital stock, $1,714,375. There is also a 6 per cent
bottomry mortgage for $225,000 due in 1*87. Gross earnings in 1884,
$123,526; net, $50,236; interest on bonds, $55,920. Gross in 1885 r
$313,143; net, $18,500; interest, $120,007. A. J. Cassatt. Pres., Phila.
New York Providence Sc Boston.—Owns from Providence, R.
L, to Groton, Conn., 62 miles; Warwick RR., 10 miles; Pontiac branch,
4*2 miles; operates also Pawtu-xet branch roads. Similes; total oper¬
ated, 82 miles. Owns a ie Jonty interest in the Providence <t Stoning*.
ton SteamslUp Line, wliicllr as a capital of $1,400,000.
Gross earnings
iu 1885-86, $1,237,120, a
inst $1,139,886 in 1881-35; net earnings,
$376,073. against $378,370. (V. 43, p. 745.)
New York Susquehanna Sc Western,—Jersey City to Grav* I
Place, 101 miles; Two Bridges, N. J.. to Uniouville, N. Y.,21 miles; other
branches, 12 miles; leased—Uniouville, N. Y., to Middletown, N. Y.. 14m.;
Lodi Br., 2m.; Penn. RR. trackage, 3ra.; Passaic Br.. 3m.; total, 155m.
The New Jersey Midland was sold in foreclosure Feb. 21,1880, and
the Midland ot New Jersey was organized. The
& Western was a consolidation in June, 1881, of the Midland of New
New York Susquehanna
Jersey and other railroads.
Stock common is $13,000,000; preferred
(cumulative 6 per cent), $8,000,000. The New Jersey Midland junior
securities were exchangeable into stock of this company on certain
terms, aud the exchanges up to Jan. 1, 1887, left $1,814,474 of the old
stock, income bonds ami scrip not yet exchanged.
Iu Dec., 1886, new 5 per ct. bonds were proposed, to exchange for thetirst mort. bonds and coupon scrip, and the exchange was generally ac¬
cented by bondholders, making the debt as above given, though some few
holders are reported to have li id out (See annual repo: t V. 4 1, p. 619.>
From Jail. 1 to July 31, 1887 (7 mos.), gross earnings
were $735,666, against $601,623 in 1886; net, $329,813, against $151,576/
Income account has been as follows:
INCOMB ACCOUNT.
Total gross
Net
$
$
$
$
1,038,656 1,034,203 1,092,855 1.129,441
*00,005
416,521
-i, 4,835
457,28(5
earnings.
earnings
.
Other income
410,065
416,521
47 1,835
501,309
332,500
411,000
25,000
*32 \09 *>
25,000
*327,765
29,500
83,192
obligations.
Total disbursements..
Bal
nice
44,023
-
Total
Disbursements—
Interest on bonds
Rentals
Car trust
1886.
1885.
1884.
4883.
Rcccijiis—
192,3 v2
155,919
519 193
439,147
513,184
17,505 df.102,071 sur. J5,3s8 df. 11,875
384,500
sur.
'
*
Half interest only
paid on N. Y. Sus. Sc W. firsts and debentures.
to $117,552, of
t The car t-lists accrued during the year amounted
which payment of $25,200 was deferred.
—(V 43, p. 335, 368, 516, 672, 746; V. 44, p.22, 149.
45. p. 143, 211.)
New York Texas Sc Mexican.- Line projected
303. 619, 752 ; V.
from Rosenberg
Junction, Texas, to Brownsville, 350 miles. Completed Rosenberg to
Victoria, 92 miles. Stock, $814,800. There are al>o $75,500 6s yet
outstanding. In September, 1885. sold to So. Devel. Co. and is oper¬
ated by the So Pacific. From Jan. 1 to July 31, in lSo7 (7 mos.), gross
against a deficit
$9,006. (V. 43,
Rockaway.—Owns from Glendale
earnings were $92,063, against $78 ,341 ; net, $2,»19.
of $8,960. In 1886 gro-s earnings were $158,858; net,
p.
133, 163; V. 44, p. 335. 344 )
New York Woodhaven Sc
Junction to Rockaway Beach. 104t
Long Island City, G^
miles; leased—Glendale Junction to
miles; Fresh Pond to Bushwiek, 2 hi
miles ; Wood-
a
r*
vi
O
PQ
o
o
H
VI
Q
<1
O
P3
H
9
t-
00
00
£
W
GO
INVESTOR’
SUPLEMNT.
[Vol.
xlv.
'
k
....
'A. 5-
:
jMt/.Z »V(1is^*SWt)£Sfi?S»«
Subscriber* will confer a great favor by
explanation of column headings, &c., see notes
on
first page
of tables.
Norfolk <& Western—(Continued)—Car trust
Convertible debent’res (red’ble on 30 days’ notice)
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Norfolk Ae Petersburg—2d iuort
Boutli Side—1st pref. con. M. (ext. in ’85 and ’8G)
do
do
2d
guar. Petersb’rg
do
3d
do
81
133
133
133
Virginia Ae Tenn.—Enlarged mort. (extend’d in ’84)
do
do
4th mortgage
North Carolina—Stock, common
214
Preferred stock
Mortgage bonds
Noi'th Pacific Coast—1st and 2d mortgages
1st mort. Nor'h Pacific Coast Extension Co
North Pennsylvania- - Stock, guar
_
2d mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Northeastern (S. O’.)—Stock
Var’s
1884
1868
1860
1866
1866
1854
1865
214
223
223
223
76
500
$1,297,642
525,000
1,000
1,000
496,000
503,000
200 Aec.
200 Aec.
395,300
1,000
990.000
1,000
1,000,000
100
3,000,000
1,000,000
100
500
1869
1869
1883
1877
1878
Ae B
149
47
83
323
138
138
138
138
138
1.38
500 <fec.
1,126,000
1,000
1,000
1,000
1,000
1,000
1,000
2.599,000
205,000
2,300,000
2,000,000
1,220,000
2,785,000 I
,
to
in
to connect with the Louisville Ae Nashville.
From Jan, 1 to July 31 in 1 ^87 (7 mos.) gross earnings were $2,214,548, against $1,205,009 in 1880; net, $854,377, against $059,210.
The annual report for lsso was published in the Chronicle, V. 44,
The earnings and expenses for four years were
Net earnings.
P.c.of op. ex. to earn
1885.
510
$
*
1886.
533
$
485,805
$
521.192
458,445
$
480.231
2,181,711
145,200
2,025,087
104,875
2,133,120
174,5-5
2,5)0,827
174,998
2,«12.776
1,509,574
2,711,154
1,510.858
2,771.120
1,0 .9,291
3.252,056
1,900,910
1,303,202
1,194,290
1,121,829
53-7
55-9
60*0
1883.
$
Inter, on bonds, Aec..
Dividends
1,303.202
1884.
$
1.191,290
$
$
810,792
953,436
1,291.140
0029
1885.
$
1880.
$
1,325,449
1,121,829
$
1,139,991
$
1,134.547
525,000
55,699
Miscellaneous
Total disbursera’ts.
Balance for \ car
953,436
1,335.792
def.32,590 sur.240,800
9,239
1.195,090
1,193,786
def. 73,801 sur. 131,003
—(V. 43, p. 23, 132, 274, 399, 510, 635, 672, 718; V. 44, p
309,335. 401, 434, 458, 482,493, 490,586, 654,751;
22, 149, 212,
V. 45, p. 113,
178.)
Nortli Carolina.—Owns from Goldsboro to Charlotte, N. C.. 223 m.
The property was leased Sept. 11, 1871, to tne
Railroad lor 30 years at a rental of $200,000 pel year. Dividends of 0
Richmond & Danville
per cent are paid on the stock, of which the State of North Carolina holds
$3,000,000, and the dividends thus received by the State are applied to
her bonds issued to the North Carolina RR. Rental, Aec., in 1885 80.
; expenses. $24,322; balance, $249,407.
Rental, etc., in ’80-7,
$274,849; expenses, $24,060; balance, $250,189; div’s paid, $238,698.
North Pacific Coast.—Owns from Saucelito to Moscow Mills, Cal.,
73 miles
branch to San Rafael, 2 miles; leased, San Ratael to San
$273,729
Quentin. 4 miles; and Duncan’s
Mills to Ingram, 7 miles; total oper¬
ated, 80 miles. Stock, $2,500,000. Earnings in 1885. $289,557; net,
$54,99.8.
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
hem, Pa., 50 miles; branches—Jenkint’n to Dela. River, 20 miles; Lanedale to Doylestown, 10 miles; Iron Hill to Sliimcrsville, 2 miles; total
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. In May, 1879, was leased to Pliila. Ae Reading
at 6® 7 p. c. on stock till-1883, and 8 per cent thereafter.
Northeastern (S. C.)—Owns from Charleston. 8. C., to Florence,
8. C.. 102 miles. Leased jointly, Lane, S. C., t<> Sumter. S.C.. 3* milec.
Total operated, 140 miles. This company has earned the interest on it*
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage
was authorized, of which $1,142,000 to be held to retire debts of prio:
lien.
In 1883-84 gross
Bonds—Princi¬
earnings were $569,470; net, $104,916; in 1884-5;
When
Where
pal,^When Due.
Stocks—Last
Dividend.
Payable, and by
Whom.
Payable
Various.
New York Ae Pliila.
Jan. 15, 1894
J.
Philadelphia Office.
J. N. Y. and Philadelphia. July 1, 1893
1888 to 1900
do
do
J.
18*8 to 1900
do
do
J.
do
do
Jan. 1,’96-1900
J.
do
do
June 30,1900
J.
Meh. 1, 1900
do
do
J.
8.
Sept. 1, 1887
Burlington, N. C.
do
do
S.
Sept. 1, 1887
do
do
N.
Nov., 1888
Nov. 1, 1901
N.
Jan. 2, 1889
J.
M’nthly
J.
J.
J.
J.
J.
J.
J.
M.
M.
M.
M.
J.
6
8
5, 6 Ae 8
5 & 6
6
5
8
3
3
8
6
2
7
7
3
6
8
8
6 g.
6 g6
3
4
6
6 g.
6
6 g.
6 g.
6 g.
5
Ae
Ae
Ae
Ae
Ae
Ae
Ae
Ae
Ae
Ae
Ae
Ae
*
Q.-F.
Aug. 25, 1887
Philadelphia, Office.
do
do
do
M Ae N.
J. Ae J.
M. Ae S.
.
do
do
do
May 1, 1896
1903
Sept. 1. 1905
In 1884-5
«...
Ae S.
Charleston, Office.
do
do
Ae S.
Ae J. N. Y., John Paton Ae Co.
Southern Pacific Co.
Ae J.
do
do
A: O.
J. Ar D. Bost.,Conc’d or Leban’n
J. Ae J. Baltimore Ae Philadel.
Sept. 1, 1899
Sept. 1. 1899
Jan. 1, 1933
M.
M.
J.
T.
A.
Jan. 1, 1907
April 1, 1908
May 2, 1887
July 15,1887
Irredeemable.
Annapolis.
Q.—J.
O. Baltimore Ae Philadel.
J. Baltimore, Treas. Office.
do
O.
London Ae Baltimore.
J.
Ae J. Baltimore, Treas. Office.
do
A. Ae O.
Baltimore.
J. Ae J
A.
J.
A.
J.
J.
4^g.
April 1, 1900
July 1, 1900
July 1, 1900
July 1, 1904
July 1, 1904
April 1, 1925
Ae
Ae
Ae
Ae
gross, $570,058; net, $162,819;
705.
(V. 43, p. 717,)
Jan.
1, 1926
in 1885-80, gross, $558,033; net, $121,-
Northern (California).—Owns from West Oakland to Martinez, 31
miles; Benicia to Suisun, 10 miles; Woodland to Tehama. 101 miles;
leased, San Pablo Ae Tulare RR.—Martinez to Tracy City, 47 miles;
total operated, 195 miles. Completed in 1878 and is leased to the
Central Pacific till Jan. 1, 1907. at a rental of $10,000 per month and
guar, of principal and interest of bonds for Northern; and Sau Pablo &
T. leased till 1908 for $i 3.800 per month and guar, of priuc. and iut. of
bonds.
In 1881 8 per cent dividend paid; in 188*2,1%; in 1883, 3^.
$0,190.500—authorized, $8,400,000, and San P.
Gross earnings in 1880 were $2,762,750; net,
$1,099,059.
W. V. Huntington. President. Sau Francisco.
Northern, New Hampshire.—Owns from Concord, N. H., to West
Lebanon, N. II., 70 miles; branch, Franklin, N. H., to Bristol, N. H., 13
miles; total, 83 miles. Leased to Boston & Lowell at 5 per cent per
The Northern stock is
AeT. stock $1,801,000.
year on
stock. In March. 1887, the Supreme Court of New
Hampshire
held the lease to bo invalid, and company resumed possession Julyl.
In 1880-7, net income from rental ami interest account was $210,275;
dividends of 0 per cent. $179,838. The only liabilities are a guaranty
of $500,000 Concord Ae Claremont Railroad bonds, of which the North¬
ern RR. owns $200,500.
(V. 43, p. 184; V. 44, p. 370, 544, 71*; V.
45, p. 26.)
Northern Central.—Owns from Baltimore, Md., to Sunbury, Pa.,
139 miles; branch— Relay to Green Spring, 9 miles; leased—Shamokin
V.iQey Ac Feusville RR., 28 miles; Elmira & Williamsport
miles; operated ai cost—Chemung Railroad,
Railroad, 78
22 miles; Elmira Jefferson
A
Ac Canandaigua RR., 47 miles—315 miles; track of New York Lake Erie
Western used 7 miles; total operated, 323 miles. This was a consolida¬
tion or several roads in Dec., 1854.
The terms of the several leases will
be found under the names of the leased roads.
In February, 1882, pur¬
chased at par the stock of Union Railroad in Baltimore, $600,000,
practically making that road a part of the Northern Central property,
subject to its mortgages. The consolidated general mortgage (gold) of
1874 was for $10,000,000 to retire all prior bonds. Of the above bonds
$2,300,000 are sterling or dollar, interest payable in Londoner Balti¬
more, and the balance are dollar bonds, interest in Baltimore.
Ten per cent.in stock, in addition to tne regular dividend, was paid to
stockholders July :5, 1887.
From Jan. 1 to July 31 in 1887 (7 mos.) gross earnings were $3,017,929, against $3,031,802 in 1880; net, $1,444,217, against $1,021,137.
The business of the company depends to a considerable extent on
coal trallie.
The fiscal year ends December 31, and the report for
1880 was in the chronicle, V. 44, p. 273.
follows:
Income account for four years was as
INCOME ACCOUNT.
$
1895.
1884.
1883.
Receipts—
INCOME ACCOUNT.
Net income
D i s burse men ts—
1,023,000
3,030,092
7,150,000
1,500,000
....
1865
1808
1808
1874-5
1876-7
1885
1876
perpetuity to the New York Central & Hudson at $00,000 per annum,
with right of lessee to commute by payment of a gross sum of $1,000,000.
Norfolk Southern.—Formerly the Elizabeth City Ae Norfolk. Name
changed Feb. 1, 1883. Owns from Norfolk, Va., to Eden ton, N. C., 73
miles. Capital stock, $1,000,000. The holders of 1st mort and deben¬
ture bonds funded their interest for tive 3Tears. Sept, and Oct , 1884, to
March and April, 1889, respectively.
Gross earnings in 1885, $200,
310: net, $71,105; surplus over all payments, $0,953.
Gross in 1880,
$210.2e0: net, $00,002; surplus over all payments, $11,038.
Norfolk & Western.— (See Map.) — Owus from Norfolk, Va.,to Pe,
tersburg, Va., 81 miles; Petersburg. Va., to Lynchburg, Va. 123 miles,
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’gto Citv Point,
Va., 10 miles; Junction to Saltville, Va.. 10 miles; New River Division
75 miles; coal mine branches, 8 miles; Cripple Creek extension, 23
miles; total operated Dee. 31, 18kG, 533 miles.
The Atlantic Mississippi Ae Ohio RR. Co. was a consolidation of Nor¬
folk Ae Petersburg, South Side and the Virginia & Tennessee, roads, in all
of which the State of Virginia had an interest for loans made to them.
Default on the Atlantic Mississippi Ae Ohio consolidated bonds was made
October 1,1873, and the road was soldin foreclosure Feb. 10, 1881,
and was reorganized as the Norfolk & Western. Of the general mort¬
gage, enough is reserved to take up prior liens.
In May, 1887, the negotiations for side of $2,500,000 bonds on the
Clinch Valley Division (connecting with Louisville Ae Nashville) and
$4,00o.000 pref. sto» k were referred to in V. 44, p. 054.
The management of the company has been active in extending and
mproving the property, and in l*o»7 the above named line is in progress
Total gross earn’s.
Operating expenses.
322.000
694,0U0
3,964,000
100
50
J
Niagara Bridge & Canandaigua.—Owns from Canandaigua
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased
Freight
Mail, express. Aec
899,350
820,000
1,000
1,000
1,000
335,
Miles operated
Earn mys—
1,500,000
4,109,500
50
500
500
140
102
4,399,750
1,200,000
haven to Brooklyn, 0*2 miles;
total operated, 2GL* miles.
The
stock is $1,000,000.
Under L. I. RR. eontr< 1 Foreclosure sale was
made in June, 1887, and new securities issued as above. In 1885-0
gross earnings were $111,980; net, $20,255. (V. 43, p. 217, 245,
072, 434; V 41, p. 713; V. 45, p. 13, 311.)
1884.
503
'
50
500 Aec.
102
1883.
503
210,000
1,100,000
1881
Northern (Cal.)—1st mortgage ($0,300,000), gold..
Ban Pablo Ae Tulare—1st mort. ($3,750,000)
Northern. N. II.—Stock
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d mortgage, coupon
490.
452,800
Rate per
Cent.
150.000
Consol, mort., gold (for $1,830,000)
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, gen. mort., gold, s. f., coup., £ or $ A
do
do
gold, coup. $CAeD..
do
do
do
do
E
2d general mort., “A,” coupon (sinking fund)
Amount
Outstanding
$....
’67-’68
1881
88
56
1st mortgage
2d mortgage
pp. 493,
discovered In these Table*.
giving immediate notice of any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
81
RAILROAD STOCKS AND BONDS
1887.]
September,
$
-
$
1886.
$
Gross earnings
0,088.130
5.521,870
5,490,923
5,474,017
Net earnings
Other receipts
2,250,525
246,843
2,053,482
203,829
2,235,309
Total income
Disbursements—
Rentals l’s’d lines,Aec*
Int erest on debt t
Dividends (8 per ct.).
Miscellaneous
~2,503,308
1,931,949
277,548
2,209,297
Tot. disbursements.
Balance, surplus...
*
254.070
2,317,311
$
557,313
2,489,37*
$
461,761
442,203
881,130
935,014
931,272
440997
520,000
520,000
41,130
40,511
520,000
520,000
1,999,623
503,745
1,963,286
354,025
1,947,165
542,214
1,914,813
294,484
$
53,69U
$
903,041
44,775
equip, t Includes car trusts.
774; V. 4t p. 83, 149, *73, 276,
Includes rent of roads and interest on
—(V. 43, p. 132, 245, 368. 516, 635,
101, 782.)
Northern of New
Jersey.—Owns from Bergen, N. J., to
Spar-
Nyack, 5 miles; total oper¬
October 1, 1859. By contract
of April, 1809, it is operated by New York Lake Erie Ae Western at 35 per
oent of its gross earnings.
It is understood the contract is terminable
by cither party on notice. Dividends are paid as earned on the rental.
Gross receipts in 1885-6 $322,210; net, after payment of charges, sink¬
ing fund and dividends, $202. Gross in 1835, $317,458 ; surplus over
interest, dividends, &c.. $ 12,303. (V 44, p. 118.)
Northern Pacific.—(See Map.)—Line of Road—On Juno 30. 1887,
the mileage was made up as follows: Mainline—Ashland, Wis., to Wallula Junction. Oregon, 1,739 miles; Duluth to Northern Pacific Junction,
23 miles; Portland to Tacoma. 143 miles; South Prairie brunch, 10
miles; Pasco to east portal of tunnel, 174 miles; Tacoma to west
21 miles; leased Sparkill to
ated, 26 miles. This road was opened
Kill, N. Y
,
portal of tunnel, 78 miles; Switchback ooer Cascade Mountains, 7
miles: Payallup Junction to Stuck Junction, 7 miles; Duluth to Supe¬
rior, 7 miles; Spokane. Falls Ae Idaho RR.. It miles; Clealuiu 1 oal road,
3 mile ; total owned, 2,206 miles.
Leased and controlled—Brainerd
to St. Paul and branches, 151 miles; Little Falls Ae Dakota RR., 88
miles; Northern Pacific Fergus Ae Black Hills RR., 117 miles; Fargo &
Southwestern RR., 87 miles; Sau. Coop..Ae Turtle Mount. KR..37 miles;
Jamestown Ae Northern RR., loj miles; Rocky Mount RR. of Montana,
52 miles; Helena Ae Jefferson Co RR., 20 miles; James River Valley RR.,
64 miles; Spokane Ac Palouse RR., 44 mii.-s; Helena Ac Rtd Mountain
Subscribers will confer a great
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
138
Northern Central—(Cont.)—2d general M. “B,” cp
Union RR., 1st mortgage (assumed)
do
2d mortgage (assumed)
26
Northern of New Jersey—Stock
21
1st mortgage, extended
21
2d mortgage
Northern Pacific—Fret. stock(8 p. c., not cum’tive). 2,807
2,807
Common stock
205
1st Mort. and land grant bonds, Missouri Div
225
1st Mort and land gr. bonds, Pend d’Oreille Div.
Cons. 1st M. Id. g., gold. $25,000 p. m., cp. or reg. 2,134
All
2d in., go d, land grant, coup. A reg.
do
Dividend cert, (part extended to Jan. 1, 1907)..i.
64
Jas. Riv. Val. ttR. 1st mort., irold, guar , s. f
rfC.
....
Spokane & Palouse, 1st M., sink, fd., gold, guar ..
Duluth A Manitoba, 1st mort sinking fund, gold
44
110
Helena A Red Mountain, 1st M., g , guar, by N. P.
Helena Belli. Val.A Butte—1st M. sink, fd.,g.,guar
Northern. Pae. Ter.Co.—1st M., g. ($5,000,000) cp..
17
,
Northwestern Ohio—Stock.
Norwich a: Worcester—Stock
16
1876
....
....
.
1878
1869
.
.
.
.
118
118
....
1879
1879
1881
1883
1883
1886
1886
1886
1887
1887
1883
....
393
393
f.)
Consolidated mortgage, sterling
6 g.
6
6 g.
6
6
20.000,000
4,640.821
1,000
1,000
963,0 >0
688,000
1,650,000
400,000
1,000
1,000
1,000
1,000
340,000
6 g.
6 g.
3,000,000
6 g.
1,000 j
2,000,000
2,604,400
400.000
100
3,077,<'00
1,000
1,000
380,000
600,000
|
Ac,.!
500
100 Ac.!
100
100
2,529,650
999.750
4
6
2
8
6
6
3 A 6
4.030,000
3,216,000
6,501,000
1,000
£200
drawings at 105.
Other r< ads leased .and guaranteed sufiieient earnings to pay interest,
named under Oregon Trans continental.
Lands.—The land grant of the company was 12,800 acres per mile in
States and 25,600 acres per mile in territories, and the lands earned by
construction to June 30, 188 7, were estimated to lie about 46,758,400
are
about 40,fils,921 remained unsold.
The lands
(Minn, and Dak. Divs.) are pledged to the pre¬
ferred stock, and that stock is received in payment therefor. The
general mortgage bonds cover all the other lands, the divisional mort¬
gages having prior liens on their respective divisions.
For the fiscal
year 1886 7 land sales were 310,355 acres for $1,052,796, including
acres, of which
east of Bismarck
town
lots.
to July 31, in 1887 (one month), gross earnings were
$1,202,576. against $1.10 v»25 in 1886; net, $545,71*, against $534,526. The fiscal year ends June 30. The annual report for 1886-7 was
published iu V. 45, p. 192, 368, 370, and had the billowing:
From July 1
Miles oper’d June
1884-85.
2,668
30.,
Karnntys—
Passenger.
Freight
Mail, express, Ac
Per ct. of oper. exp.
to earns
..
1886 87.
3,093
$
3,075,882
•$
$
2,*97,218
3,269.703
7,446,266
8.189,614
8,730.547
643,695
789,197
5,037,848
11,730,527
6,1'6,264
5,574,263
12,789,447
5516.
52*48.
56*09
712,001
Operating expenses and taxes.
Netearnmgs
1885-86.
2.808
11,234,149
6,196,301
7,173,020
5,616,427
Dividend.
Ba’timore.
J.
do
J.
N. N.Y., London A Balt’re.
New York Office.
J.
J. J. City, Hudson Co. B’k.
do
do
S.
A
A
A
A
A
A
J.
J.
M.
J.
J.
M.
.
.
N. Y., Mills
do
do
do
do
do
A J.
A J.
A N.
A J.
A S.
A N.
A J. N.Y.,
J. A
M. A
I. A
M. A
J. A
A. A
A. A
112,000
3 m
5
7
6 g.
M.
J.
J.
J.
do
Building.
1, 1926
1, 1895
May 1, 1900
In 1886
July. 1888
March. 1889
do
do
do
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Deo. 1, 1933
do
do
Jan.
do
May 1,
188b A 1907
1, 1936
1930
do
July 1, 1930
March 1, 1937
do
do
do
May 1, 1937
Winslow, L. A Co. Jati. 1, 1933
do
do
J. Boston, 2d National
8. Boston, N. E. Trust
J.
Boston, Office.
do
S.
do
J.
do
O.
do
O.
A S.
A D.
A J.
A J.
Jan.
Jan.
Jan. 15, 1883
Dec. 1, 1933
„
A. A O
J.
J.
M.
J.
M.
M.
J.
N. Y., Union Trust
do
do
do
do
London.
Bk. July 10, 1887
Co. March 1, 1897
July 10, 1876
Mar., 1890
1897
pril 1, 1920
April, 1920
Co.
Mar.
1, 1870
June 1, 1932
Jan. 1, 1898
Jan. 1. 1898
INCOME ACCOUNT.
RR., 16 miles; Duluth & Manitoba
miles; total owned and leased, 3,093
,
Whom.
20,000,000
1,000
RR.. 110 miles; total leased, 889
miles. Thompson June., Minn., to
Duluth is owned jointly with the St. Paul A Duluth.
Organizatio n.—This company was chartered by act of Congress July
2,1864, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis¬
marck, on the Missouri River-in 1873. The company defaulted Jan.,
1874, and the road was foreclosed August 12, 1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. New preferred stock was
Issued at the rate of $1,400 for each $1,000 bond and overdue interest.
Stocks ani> Bonds.—The preferred stock has a preference for 8 percent
In each year if earned, but is not cumulative. The common stock them
takes 8 per cent, and after that both share alike. The pref. stock claim on
net income in subject to expenditures f ur new equipment.
Pref. stock is
received in payment for company’s lands east of Missouri River at par,
and the proceeds of the lands sold go to the retirement of preferred stock.
A large interest in the stock ($5,683,00) pref. and $'.925,100 of
oom. in April, 1886,) was held by the “ Ore. A Trans-Continental Co.”
In Jan., 1883, a dividend in certificates of lltio per cent, amounting
to $4,667,490. was paid on the pref. stock, these certificates falling due
Jan., 1888; but in June. 1887. the company ottered to fund these into a
5-20 6 per cent debenture bond, due 1892-1907.
Prices of preferred stock since’79 have been: In ‘80, 39ZqTv67m: in
*81, 64m®8Sm; in ’82, OO^lOOOs; in ’83,49%®90^: in ’84, 37*4®57%
in ’85, 30n>«05-%; in ’86, 53V^668>; in ’87 to Sept. 16, lnel , 47%»«3»a.
Common stock: In’80, 20a>36; in ’81, 32*®51; in ’82. 28^®5438; in
’83
2318®5318; in 84. 14d>27; in ’85, 15©3Lm; in’86, 225)3138; in
*87 to Sept. 16. in cl . 2444 5)3158
The consol, first mortgage bonds are a first lien on the main line; and
on all the lands of the company except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile
The proceeds of land sales can bo applied to the payment of interest on
bonds, instead of principal, if the earnings of the road are insufficient.
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬
ment for lands at 110 and interest, and proceeds of land sold must be
applied to redemption of these bonds at a price not exceeding 110 and
interest. Sinking fund of one per cent per annum of the total amo mt
of bonds issued began in 18*6 and the bonds may tie drawn and called
in at 110. one-half in Janu in and one half in July. The cotal
issue of the Missouri Division (Bismarck on Mo. Riv. to Yellowstone
Riv. 205 miles) and Pend d’Oreille Division (Junction of Snake and
Columbia rivers to Lake Pend d’Oreille 225 miles) bonds was $6,480,300, against which are reserved a like amount of the Northern
Pacific first mortgage bonds; the proceeds of land sales are applied to
redemption of these divisional bends at par. .Tune 30, 1887, there was
$334,18* cash in the sinking fund.
The James River Valley bonds are on the road from Jamestown, Dak.,
to La Moure, 49 miles; it* is leased to Northern Pacific for 999 years, and
the bonds are guaranteed. The* bonds are redeemable at 105 aftet*1896.
The Spokane A Palouse RR. extends from Marshall on the main fine to
Belmont, 43 mi es, It is leased to the N. P. for 999 years, the N. P. [lay¬
ing the interest and sinking fund requirements as rental The bonds are
issued at $10,000 per mile, and ate redeemable at 105 after 1896.
The Duluth A Manitoba road, Winnipeg Junction, Minn., to E. Grand
Forks, 110 miles, is leased, with guaranteed rental to pay interest, and
sinking fund beginning June 1. 1897, sufiieient to redeem thep’incipal by maturity; bonds drawn at 105.
Helena A Red Mt 1st mort. bonds and Helena Boulder Valiev A Butte
1st mori. bonds are guaranteed by Nor Pa<fi1c and redeemable, the for¬
mer after March. 1897, and the latter aft* r May,;] 897, by sinking fund
pal, When Dae.
Payable, and by ! Stocks—Last
Payable
.
500 Ac.
1882
1868
1868
Where
....
1,0 *0
1,000Ac
1,000Ac
....
■
6*24
200,000
When
37,786,199 lliiocert
49,006.000
M. A N.
6
2,107.500
M. A S.
6
2,956,000
46,513,000
6g. J. A J.
100
1870
1877
1880
5
6
6 g.
4
6
7
600,000
1,000,000
138,000
500 Ac.
1877
Rate per
Cent.
$1,000,000
900,000
100
100
1880
616
Ohio <£ Mississippi—Stock, common
Preferred stock (7 p. c. yearly, cumulative)
Outstanding
500 Ac.
500 Ac.
100
100 Ac.
100 Ac.
66
66
130
Amount
$1,000
....
*79
.
Bonds, coupon
Ogdensbnry & Lake C hamptain—Stock, common
Sinking fund bonds
Mortgage bonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
1st general mortgage (for $16,000,000)
1st consolidated mort. ($3,445,000 are s.
Date
Size, or
Par
of
Bonds Value.
Tables.
! Bonds—Princi¬
INTEREST OR DIVIDENDS.
....
“f-'c
83
BONDS.
AKD
favor by giving immediate notice of any error discovered in tbese
DESCRIPTION.
For
STOCKS
RAILROAD
September, 1887.]
Net earnings
Adjustm’t of acc’ts A int. bal..
Dividends on investments
General interest account
Total
Disb ursements—
Interest on funded debt
Rentals
Guarantee to branch roads
Contributions to sinking fund
Miscellaneous
.
1884-85.
$
1885-86.
$
1886-87
$
5,037,848
5,574,263
5,616,427
24,553
117,359
21,310
1*,938
243,319
52,578
12,938
374,549
86,879
5,231,070
5,890,098
6,090,793
4,123,949
4,339,094
4,456,536
581,144
352.154
670,748
673,650
55,6.33
39,774
752,757
696,650
112,698
6,445
50.378
27,341
5,778,899
6,025,030
Total
5,139,111
111.199
65,707
91,959
Balance, surplus
-(V. 43, p. 4. 23, 49, 132, 145. 162. 256, 275, 333. 335. 379, 399, 400,
431.516, 548, 672, 766; V. 44. p. 60, 90, L49, 162, 185, 212, 309, 434,
540, 551, 701, 713. 752, 782. 808 : V. 45, p. 26. 55, 166, 192, 203, 211,
264, 272, 341, 368, 369, 370.373.)
Northern Pacific Terminal Co.—This company owns terminal
facilities on the Willamette River, Oregon, at Portland, East Portland
and Albina. They are leased for fifty years, jointly and severally, to
the Northern Pacific. RR.. the Oregon Railway A Navigation Co. and the
Oregon A California RR., with a guaranteed rental sufiieient to pay
interest, sinking fund and taxes. The sinking fund begins in 1893 ana
is to bo sufficient to retire the bonds by maturity, which bonds may be
drawn at 110 and interest. The stock of $3,000,009 is owned by said
(40 per cent by Ore. Railway A Navigation Co., 40 per
by Northern Pacific and 20 per cent by Oregon A California RR.),
and held by Central Trust Co. of New York, to be delivered after pay¬
ments to the sinking fund which is to cancel the bonds.
three companies
cent
Northwestern Ohio.—Owns from Toledo Junction to Toledo, O.,
80 miles, and leases 7 miles, from Mansfield to Toledo Junction.
This
was a consolidation of the Toledo Tiffin A Eastern, the Mansfield Coldwater A Lake Michigan and the Toledo A Woodville roads.
Leased to
Pennsylvania Company at cost of operating. In 1886 gross
$295,942; net, $72,169. In 1885 gross earnings, $269,510; not,
earnings
$75,067.
Norwich, Conn., to Wor¬
to Allyn’s Point, 7 miles;
total, 66 miles. Operated under temporary lease by N. Y. A New Eng¬
land Railroad. In" February, 1885, it was voted to reduce the rental
to 8 per cent. In the fiscal year ending Sept. 30. 1886, the gross receipts
were $748,659; net, $274,377; payments for rentals. $40,475; interest
$24,157; dividends, $207,824; surplus. $21,921. (V. 43, p. 607.)
Norwich A: Worcester.—Owns from
cester, Mass., 59 miles; branch: Norwich
Rouse’s Point,
Vt., 130 miles.
perpetual lease «>f this road was made to the Central
Ogdcnsburj; A Laite Champlain.—Owns from
Y., to Ogdenslmrg, N. Y., and branch to Maquam,
N.
1, 1886, a
Vermont RR. Co., the
On June
lessee, to pay interest on the bonds.
1885-6 $562,772; net. $223,4 i5; surp. over int. charge,
$12,362. In 1886-7, gross earnings $683,213; net, $229,200. (V. 43, p.
22, 580. 719 ; V. 41, p. 212. 714, 808; V. 45, p. 272.)
Gross earnings
Ohio A Mississippi.—tSee Map of Baltimore tC Ohio.) - Owns from
Cincinnati, Ohio, to East St. Louis, III.. 338 miles; Louisville branch,
North Vernon to Jeffersonville, Ind., 53 miles; total Ohio A Miss, line,
391 miles; the Springfield Division, Beardstown to Shawneetown, Ill.,
225 miles; total operated, 616 miles. The Eastern and Western divis¬
ions were sold in foreclosure and the Ohio A Mississippi Co. formed by
consolidation Nov. 21, 1*67. The terms of preference in the preferred
stock cenificatt s read as follows :
The preferred stock is to be and remain a first claim upon the propert.v of the corporation, af ♦ r its indebtednei-s, and the hoi ier
shall bo entitled to rereive from the net earnings of the company 7 per
cent per annum, payable semi-annually, and to have such interest
in full for each and every year before any payment of diviueud upon
the(omtuon stock; and whenever the net earnings”
*
'
*
*
“
shall be more than sufficient to p «y both s dd interest of n per cent on
the preferred 8’ock in fu l, and 7 per cent dividend upon
common
stock for the year in wine i said net earnings are so applied,” then the
excess sha 1 be divided equally, Ac.
On Nov. 17, 1876, the company was placed in the hands ot a receiver.
The receiver was disch irgedin April, 1884.
The report for year endmgJune 30, 1886 (V. 43, p. 514), showed:
1884-5.
1885-6.
“
thereof
paid
the
earnings
Operating expenses
Total gross
Not
earnings
Dish >/r semen (s—
Interest on debt
Sinking fund.
Total
Deficit
$3,645,467
$3,671,920
2,670,735
2,597,708
$974,731
$1,074,212
$1,024,900
$1,026,415
49,000
53,? 00
$1,073,900
$99,169
$1,079,4^5
$5r203
INVESTOR’
SUPLEMNT
|Vou
xlv.
RAILROAD
September, 1867.]
Subscribers will confer a great favor
mort...!
Ohio Southei'n—1st mort. ($15,000 per mile)
2d mort., income ($15,000 per mile)
Old Colony—Stock
Bonds (not mortgage) coupon and registered..
Bonds
do
do
do
|
|
Bonds
do
do
do
do
Bonds
do
do
Bonds
do
do
do
Bonds for Framingham A Lowell bonda
Bonds of 1884
i
Bost.Clin. F.AN. B., mortgage bonds 1869-70...
do
bonds
do
mortgage bonds
■
Omaha if: St. Louis— 1st M.,gold, coup., maybe reg.l
Orange Belt—1st mort., gold, $5,000 per mile
Oregon <£ California— 1st M., gold ($20,00o p.m.) ..;
j
2d mortgage, $10,000 per mile
Oregon Pacific—1st mort., land grant, gold
Oregon Railway c£ Naviga tion—Stock
Mortgage bonds, gold
Consol, mortgage, gold, $25,000 per mile
i
i
393
222
103
169
209
132
132
4G9
43
58
120
144
34
451
451
1871
1874
1886
$1,000
188G
1,000
18*6
1887
1881
1881
1,000
1,000
1,000
1,000
1,000
1,000
100
1874
1,000
1875
1,000
187G
1,000
1877
1,000
1882
1,000
1884
1,000
1884
1,000
’69-’70 500 &e.
1874
1,000
1880
1,000
1887
1,000
1887
1,000
1881
1,000
1883
1,000
1880
1.000
706
'
70G
CIO
1879
1885
1882
497
1882
28^
1865
OregonShortL.—lst,gld.,int.gii.byU.P.($25,000p.np
Convertible bonds
Date
Size, or
of
Par
Bonds Value.
j
Oregondf Trans-Continental—St’ck(for $50,000,000)1
Trust bonds, gold (1st M. collateral) $20,000 p.m.. j
03 wego <6 Rome—1st mortgage guaranteed
I
Income mortgage bonds
!
100
,
1,000
’1,000
1,000
18G6
18GG
!
Gro.-s
earnings
Operating
18*7.
169
90
.
expenses
,
$84 620
51,166
Net earnings
$33,454
Iuteri st on 1st mortgage.
Inti re.-t on general mortg 5ge
$156,962
75,968
.
Total interest
...
...
$80,994
$41,667
*
Surplus
950,< 00
512,000
2,000,000
1,030,000
2,100,000
2,100,000
11,157,200
1,692,000
500,000
1,100,000
2,000,000
200,000
498,000
750,000
491,500
400,000
1.970,000
2,717,000
9,020,000
2,610,000
25,000 p.m.
24,000,000
5.690,000
9,155,000
14,931,000
107.000
....
.863,125
$17,869
Geo. W. Thompson, President, Parkersburg, W. Va.
(V. 44, p. 434.)
Ohio Southern.—The road will extend from Springfield, Ohio,
to some point on the Ohio River.
Length of road completed and in
operation Dec., 1886, Springfield, Ohio, to Wellston, with extensions
and branches, 148 miles.
Stock (par $100), $3,810,000.
Gross earn
discovered In these Tables.
Stocks—Last
Dividend.
N. Y. Union Trust Co.
April, 1911
N. !
do
do
Nov. 1, 1905
J. N. Y., Merca’le Trust Co. July 1, 1936
O.
Cincinnati, O.
Apiil 1, 1926
D. N. Y. Central Trust Co. June 1, 1936
1
A.
do
O.
do
April 1, 1937
J.
I). N.Y., Corbin Bank’g Co. June 1, 1921
J.
D. !
do
! June 1, 1921
J.
J.
Boston, Ofiice.
I July 1, 1887
M.
8. 1
do ’
| March 1, 1894
J.
D.
do
!
June 1. 1895
M.
S.
do
,
Sept, 1, 1896
F.
A.
do
J Aug. 1. 1897
J.
D.
do
Dec. 1, 1897
do
1904
do
1904
J. A J.
do
,
1889 A’90
J. A I). ;
do
July 1, 1894
J. A J. Boston, N. E. Trust Co.
I
Jan. 1, 1910
! Jan. 1, 1937
J. A J
New York.
!J. A J. X.Y.,Farmers’ L. A T.Co. ; Jan. 1, 1907
J. A J.
Last paid Juno, 1881.
July 1, 1921
A. A O.
Last paid Oct., 1884. i April 1, 1933
Oct, 1, 1900
A. A O. New York and London,
New York,Ofiice.
I Q.-F. i
| July 1, 1887
J. A J.
do
do
j July 1, 1909
do
J. A D.
do
June 1, 1925
F. A A. N. Y. Union Trust Co.
Feb. 1, 1922
Oct. 15, 1883
Q.-J.
M. A N. N.Y.,Farmers’L. A T.Co.
May 1, 1922
M. A N. N.Y.,Farmers’ L.AT.Co
May, 1915
F. A A. N. Y., Central Trust Co
Aug., 1891
2.866
.
g.
5 g.
6
6
3*2
7
6
6
6
4*2
4*2
4
7
7
5
4
6
«
7
6
When Where Payable, and by
Pay'ableay
Whom.
Bonds—Princi¬
pal,^WLien Due.
A. & O.
7
7
6
5
M.
J.
A.
J.
&
A
A
A
A
A
A
A
A
A
A
A
A
,
g.
g.
Sg.
1^
6 g.
5 g.
6
1
per cent.
'21,458
$3,715,000
2,009,000
6 g.
7
7
7
Inc. over ’86.
87 7-10 p. r cent.
85
percent.
48
per cent.
142
Outstanding
Rate per;
Cent.
10,063,000
350,000
152,000
,
85
INTEREST OR DIVIDENDS.
Amount
1,000
1,000
1,000
general mortgage for $16,000,000 was authorized under
reorganization, by which $12,784,000 was reserved
for old bonds as they mature; $2,216,000 used in
paying overdue coupons and all other claims; aud $999,695 expended
for new equipment and terminal facilities.
From Jan. I to July 31,1887 (7 mo.-.) gross earnings were $2,214,016,
against $2,066,151 in 1886; net, $712,606, agst$534,920.—(V. 43, p. 73,
162, 275, 30459.487, 514. 548; V 44, p. «o, 185, 309; V. 45, p. 113).
Obi i* Sc North western.—Road from Cincinnati, O., to Portsmouth,
O., 103 miles, and branches 20 miles, and 71 miles more under construc¬
tion. The Cin. A Eastern, sold in foreclosure Jan. 5, 1887, was purchased
by this company.—V. 44,p. 59.
The authorized 1st mortgage bonds are
$2,000,009 at■ $12.i 00 per mile, and seconds $1,200,000 at $7,OoO per
mile. Stock authorized, $1,009,000; issued, $2,000,000. (V. 44, p. 421.)
Ohio River.— (See Map.)—Road extends from Wheeling, West Va
to Point PI* asant, West Va., 169 miles, ami in progress to Huntington,
West Va., 40 miles. The stock outstanding is $3,290,700. The out¬
standing bonded debt is equal to $10,3 8 per mile, of which $11,834 is
lft moit. and $4 92 t gem ral mort., the annual hit. charges being $815 4o
In 1886 earnings on 90 miles were $197,970 gross and
per mile.
$83,782 net, or $9 31 per mile. The road was Completed to Point Pleasant
Jan. 8, 18-'7. but was not fe lly’ opened for badness until March 27, 1887.
A comparative statement furnished by the company of the
earnings for
5 months from Apiil 1 to August 31—for 1886 aud 1887—is as follows:—
1886.
any error
40,000,000
the plan of
to exchange
operated....
BONDS
100
The new
Miles
AND
by giving Immediate notice of
DESCRIPTION.
Miles
of
For explanation of column headings, Ac., see notes
Road,
on first page of tables.
Ohio t£ Miss —(GoiVil) — 2d cons. sink. fund.
Bprintr. Div. (Sp.&Ill. S.E.) IstM. (for $3,000,000 !
Ohio
North western—1 st mort., $12,000 per mile.. I
2d moit., $7,000 per mile
j
Ohio River— 1st mort., gold
|
STOCKS
*2
,
Oregon Sc California.—From Portland, Or., to Ashland, 341
miles; Albany Junction to Lebanon, 12 miles; West Side Division, Port¬
land to Corvallis, 97 miles. Total finished, 451 miles; to be completed
to a junction with Central Pacific at the California State line,
fhe
original Oregon A California was in default after 1873 and reorganized.
The land grant is about 4.090,000 acres.
in January, 1887. a modified plan of agreement for reorganization
with the Central Pacific was reported, of which the terms were given in
the Chronicle, V. 44. p. 118, 370.
Gross earnings in 1886 were $971,792; net $221,184 ; other receipts,
$16,177; deficit under interest, sinking fund, etc., $3c8,574. (V. 44, p.
118, 370, 65 4.)
Oregon Pacific.—Road in progress and 83 miles, from Albany’ to
Yaquiua, on Yaquina Bay. completed. Land grant, over 900,000 acres,
and covered by* first mortgage. In Juno. 1837, a syndicate was reported
as having taken the oalance of first mort. bonds to compute the road.
Stock is $30,000 per mile. T. E. Hogg, President, Corva lis, Oregon.
N. Y. Office. 45 William Street.
(V. 41, p. 752.)
Oregon Railway Sc Navigation.—July 1, 1886. railroads oper¬
ated were as follows; Portland to Riparia, 30L miles; Bolles Junction to
Dayton, 13 miles; Pataha June, to Pomeroy’, 39 miles ; Walla Walla to
Bine Mountain, 20 miles; Pendleton to Ceutreville, 17 mil's; Palouso
Junction to Colfax, 39 miles; Colfax to Mos ow, 28 miles; Umitillt to
Huntington, 217 miles; total, 715 miles. Ocean line between San Fran¬
cisco and Portland, 670 miles;-Puget Sound lines, 275 miles; River
lines, 363 miles, tof.pl >r water lines. 1,303 m les.
In June, 1885, the consol, mortg. was nude at the rate of $25,000 per
mile and *6,090.000 reserved to take up the old mort. bonds. There is
a sinking fund of over $60,000 per y» ar, aud if the ti ustees cannot
buy
bonds at 110 they must draw them at par each year. The Farmers’ Loan
A Trust Co. is the trustee.
In March, 1881, a majority’ of the stock was sold to the Oregou TransCouiinental Company, which holds .yet about 119,090 shares.
In April.. 1887, a lease to the Oregon Short Line Il'{., guaranteed by
Union Pacific, was made on the basis, as reported, of 6 per cent per
annum on tho O. R. A N. Co.’s stock.
An exhaustive report on the O. R.
A Nav. Co. was "iiblished in the Chronicle, V. 44, p. 141.
From July 1 to August 1, in 18s7 (l mo ) gross earnings were $400,37 1,
against$l2l.8Sl in 1836; net. $ 196.9-5, agaius* $173,708.
The annual report for the y’ear ending June 30. 1886, was
jn the
Chronicle, V. 43, p. 594. 606
The income account showed net sur¬
plus of $ 11,979 over chat ges and 6Rj per c> lit divi lends.
—(V. 43, p. 132, 191, 238, 399, 459. 54-, 594, 606. 603. 635. 672, 719;
V. 44, p. 60, 91. I ll, 204, 212, 276, 309, 392, 434, 466, 551, 621, 752;
V. 15, p. 81, 211.
369 miles; numerous branches, 85 miles in all; leased—Fall River
Oregon Short Line.—Road from Granger on the Union Pacific
Railroad, 12 miles; Dorchester A Milton Railroad, 3 miles; total
(156 miles east of Ogden) to a junction with tho railroad of the Oregon
length of all lines, 469 miles. Fall River Railroad was leased April Railway A Navigation Co., at
Huntington, Oregon, 541 miles, with Wood
1, 1882, for 99 years. In March, 1883, consolidation with the Boston River branch to
Ketchum, 70 miles. Total, 610 miles. Interest on tho
Clinton Fitchburg A New Bedford was made and an increase of stock to
bonds is guaranteed by tao Union Pacific. The stock is $M,073,600.
$12,000,000 was voted. In May’, 1884, the Lowell A Framingham was Union Pacific owns a
majority of the stock and $2,195,000 bonds. This
absorbed on the terms given in V. 38, p. 540, and the i'g per cent bomls
company’, in Apr 1, 183/\ leased the Oregon Railway A Nav. Co.’s lines
of 1884 were issued.
The annual report for 1885-86 was in V. 43, p.
for 99 years, agreeing to pay tho inrerest on bonds ami 6 per cent on
546, and had the following:
stock; the lease being guaranteed by Union Pacific.
INCOME ACCOUNT
Gross earnings in 1886, $1,942," 107; net, $591,686; taxes, Ac
$37,1882-83.
1883-84.
1884-85.
1885-86.
310; balance,* $507,376. For 1885 gross earnings were $1,833,190; net,
$
$
$
•$
$557,959. (V. 43, p. 103, 217, 368,516, 635, 774; V. 4 4, p. 149, 185. 309.)
Gross earnings
4,249,179
4,251,186
4,191,872
4,528,032
Oregon Sc Trans-Continental.—Company organized under the
Net earnings
1,228,441
1,296,503
1,281,056
1,302,929
law’s of Oregon on June 27, 1881, and received from the “Villard Pool”
Other receipts
74,676
79,334
89,931
68,998
an assignment of the stock of the North. Pae. Railroad purchased by* it.
Total income....
1,303,117
1,360,390
1,365,501
1,392,860
The assets on Jan. 10, 1887, varied only* slightly’ from those given in
Disbursement Is—
$
$
•$
$
the Chronicle of May 29, 1836 (V. 42, p. 661), which included 139.412
Rentals paid
191,001
46,614
32.694 shares of O. R. A Nav. Co. (reduced by 20,000 shires sold Aug.
45,594
’87),
Interest on debt
556,866
551,424
446,476
582,53 i 56,830 of N. Pae. prof, and 79,251 of N. Pae. common.
In Doc., 1885,
Dividends
761.747 the
603,006
738,122
723,989
company arranged a now loan for $4,050,000, at 5 per cent, for
Rate of dividend
7
7
7
7
three years, secured by collaterals. Tho balance of tho unfunded debt,
25,250
57,634
38,032
Improvem’t account
15,885 amounting to some $3,573,000, was carried ou demand and short loans.
Tota disburse’ts
1,303,117
1,360,590
1,365,501
1,392,860 (Sec financial report in V. 43, p. 162.)
In August 1887, the company’ sold $2,000,000 (20,000) shares, as re¬
-(V. 43, p. 546.)
Omaha Sc St. Louts.—Owns road fi om Council Bluffs, la to Pattons- ported, of O. R. A Nav. srO( k, and uegot ated also $4000.009 of the
burg. Mo., 143 miles. This company was formed in 1887 as successor to the oomls of that company winch it had carried. (See V. 45, p. 305.)
Omaha Division of the 8r. Louis K.C. A Nor. (Wabash', sold in foreclosure.
Total authorized capital is $50,000,000. The bonds may bo redeemed
The old moit. bonds took new 4 per cents and nr#, and com. stock, as at 105; they* are secured by deposit in trust of first mortg. bonds ou
per V. 44, p. 713.
Pref. 6 per cent stock, noil-cumulative, $2,220,500; new branch railroads, at $20,000 per mile; also secured by traffic con¬
com. stock, $2,313,000, deposited in trust for three years.
See ab¬ tracts with tho Northern Pacific RR. Co. guaranteeing a minimum net.
stract of mortgage. V. 45, p. 213: full statement in V. 44. p. 812.
annual income of $1,400 per mile, being equal to 6 per cent per an¬
Ollice, 49 Wall Street, N. Y. In 1886 87 gross earnings were $794,931; num on $20,000 per mile of bonded indebtedness, and a sinking fund
net $169,451.
(V. 44, p. 713, 808, s09, 8 12, Vol. 45, p. 213.)
charge of one per cent. The roads thus mortgaged are: The No. Paci¬
Orange Belt. —('Nee Map)—From Monroe, on the Jacksonville Tam¬ fic Fergus A Black Hills RR. of Minn., 117 miles, $2,312,000; Little
pa A K. W. road, to Oakland, on Lake Apopka, 34 miles, and extension Falls A Dakota RR., of Minn., 8** in.. $1,757,000; Jamestown A 'Vortliin rapid pi ogr« ss to Point Pinellas on the Gulf. The bonds are 5-2i>s, et’ii RR. of Dakota, 102 m., $2,050,000; Fargo A Southwestern RR. >i
and may be r-doemod after Jan., 1892.
Tney are guaranteed by the Dakota, 87 in $1.748,000; Sanborn Cooperatown & Turtle Mountain
Oiange Belt Investment Co., and are issued at $ >,000 per mile. Bonds HR., 37 m., $730,000; Rocky Mountain RR.. Montana, 52 m., $. ,034,offered in Now York by Griswold A Gillette in 1887, whose circular ()<>(); Helena A Jefferson County, <.0 in., $102,000; tot tl. 503 miles —
stated that: “This road passes through the most fertile lands of The
at $20,000 per mile—$10,063,004 in bonds. (V. 43, p. 162; V. 44. p. 113;
State of Florida, and the most thrifty orange belt of the State. It is
V. 45. p. 272. 305.'
doing a verv satisfactory business, and earning more than the interest
Oawego A Rome,—Owns from Richland, N. Y.. to Qswego, N. Y.,
on its bonded debt.
These bonds are a tlrst and only lien on the road
29 miles.
R »a>l opened Jan. 1, 1886.
It is leased to the Romo Waterand equipment, and in addition are guaranteed principal and interest
town A Ogdensbiirg RR. at 8 per cent on its stock ($275,000 com. and
by the Orange Belt Investment Company, which owns largo nulls at $75,000 pref.) and 7 percent, oil guar, bonds, prof, stock being re pre¬
sorted by conv. bonds. $62,100 of bonds due 1870 are y*et outstanding.
Longwood that are earning over $40,000 a yrear net.”
Ings
in 1886, $514,189; net, $174,987; interest paid, $128,979.
is8.5, $468,558, net, $173,182; interest on debt, $126,377;
surplus for year. $16,622, Alfred Sully. President.
Old Colony (Mass.)— Owns from Bo-ton to ITovlnco.towu, Mass.,
120 miles and lines to Kingston, Plymouth, Somerset Junction, New
Bedford, Lowell and Fitchburg, Mass., and to Newport, R. L; total.
Gross in
,
...
,
.
86
INVESTORS'
SUPPLEMENT
[Vol. XLV,
MAP OF Till-
ORANGE I
L.
•
.RAILWj
n■
IshtokpoyaM.
/-V
.
<
••
,
A
AND ITS CONNE(
BAILROAD STOCKS
September, 18b7.J
Subscribers will confer
a
AND
BONDS
great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
Miles
on
first page
Date Size, or
of
Par
Of
Road. Bonds Value.
of tables.
Oswego & Syracuse—Stock, 9 per cent guar
Consol, mortgage (guar. D. L. A W.)
Construction M.. guar. prin. A int. (for $1,000,000)
Owensboro rf■ Nashville— 1st mortgage, gold
Collateral trust (4u0,000.)
Panama— Stock
General mortgage, sterling, (£697,800)
Sinking fund subsidy, gold
Paris & Decatur-See Teire Haute A Pe ria
Paterson &
35
....
....
123
84
48
48
48
15
Hudson—Stock
2,322
Pennsylvan ta—Stock
Ger. M„ Pli. to Pitts., coup., J. A J.; reg., A. & O.
State lien (pay ’ble in annual inst’lm’ts of $460,000)
Consol. M.. coup. J. & D., & reg. Q.—M. (S. f. 1 p. c.)
Consol, mortgage, gold
Bonds, reg. (P.W.«SiB. stock deposited as collat’l)
Collateral trust loan (gold, coup., may be reg.)
Car Trust certs, (in series payable ijoth yearly) ..
....
....
....
571
Navy Yard bonds reg. (extended 20 years in ’81)
3,317
Pennsylvan ia, Company—Stock
Reg. bonds, secured by P. Ft.W. A C. special stock
Bonds, gold, secured by pledge and guarantee
105
Pennsylvania <£ New York— 1st inert., guar
195
1st mortgage, guaranteed
142
Pennsylvania Schuylkill Volley—Stock
1 1 2
1st mortgage bonds, registered
Ail.
Pensacola & Atlantic—1st m. g, (guar, by L. & N.)..
....
....
....
Peoria <& Bureau Valley—Stock
Peoria Decatur & Evansville—Stock
J at mort., gold (Pekin to Mattoon)
1st mortgage (Evansv. Div.)
—
P. D. A E. 2d mortgage,- gold
Car Trusts (pavable $48,000 per annum
Oswego
47
254
I
•
-
;—
r,
....
....
Sc Syracuse. -Owns from Oswego,
....
1867
1880
....
.
1875
1§63....
1880
1880
1886
....
Sc St.
630.000
4
260,000
7,000,000
3,469.000
g.
New York.
do
F. A A.
Ia.
g.
fM. A N.
'J.
a 0.
A
New York.
J.
27,482.930
4,998,000
6
5
6
5
Philadelphia, Office.
-| Q.-M. Philadelphia A Loudon.
jj. A J.
do
do
do
1 Q’rt'rly
Philadelphia.
l'.OOO
1,000
1,982,071
|
Q.-J.
J.
A D.
8,174.000
4
9.900,000
1,000
1,000
413g. J. A D.
7,790,000
1,000,000
20,000,000
2,177,000
13,217,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,660
1,000
....
....
N. Y., to Syracuse,
Louis, and now operated by Louis. & Nash. RR., which owns a
majority of the stock. The $2,000,000 1st M. bonds are pledged for the
1,500.000
1,500,000
4,970,000
6,100,000
3,000,000
1,500,000
8,400,000
1,287,000
1.470,000
2,088,000
229.000
5. 4
5
4
6
J.
i
yearly in Philadelphia since 1875 have been —
,
217,819 shares of the Phila
secured by Pi W. A B. stock
are purchased yearly at not over nar with
the surplus proceeds of Ph
W. A B. dividends and not needed for the payment of 'nterost.
In March, 1881, the company purchased
Wilm.A Balt RR.. and the 4 per cent bonds
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $12,500,000.
Operations, Finances, ao. -The total cost, to the Pennsylvania Rail¬
road Co. of the stocks and bonds of other compauies held in its treasury
Dec. 31, 1886. $104,261,013 (par value of the same $137,371,026, most of which is represented on the other side of the balance
was, up to
sheet by issues of Penn. Railroad stock and bonds and other
the balance to credit of “ profit and loss” was $1 >,625.348.
A scheme to
debit items,
buy up the company’s guaranteed securities with 1 per
cent of the net income per year is in operation, and he entire amount
paid by the company into the Trust up to the end of IGod was $3,828,517.
There had been purchased for the fund securities of tiie par
value of $5.135,159. which yielded an interest of 6 83 per cent per
annum noon 1 m- purchase price.
From Jan. 1 to July 31, 18*7 (7 mos.), gross ear nings on lines east of
Pittsburg and Erie wVre $31 ,625,094, against $2 f,"G»>,841 in 1*86; net.
$10,457,92 4. against $9,250,252 in 1886.
Surplus on lines west of
Pittsburg and Erie. $497,492 in 18s7, against deficit of $252,415 in '86.
The report for 1886, was in tin* Chronicle, V. 4 4, pp. 307 and 312.
A summary • of the total business of 1866. compared
with previous
years, is shown m the following :
EARNTN iS ON ALL LINES
ROTH
PITTSBURG & ERIE
1885.
1*86
EAST AND WEST OF
1634.
Gross earnings
$97,8 49,875
$92,994,549 $101,697,081
Operating expenses
Net earnings.
64.434.317
$33,415 553
Of,(>‘*0.901
(47,10 '.711
$31,393,648
$34,595,267
The income account below embraces all -receipts and expenses of
the
Pennsylvania Railroad proper, but not including the roads west of Pitts¬
July 1, 1921
June 1, 19131891-93
Jan. 1, 1901
For 1883
Pittsburgh, Co.’s Office.
Phila. Tr. S. D. A
Q.-J.
I. Co.
July 5. 1907
July 1, 1921
June 1, 1890
A J. N. Y., Nat. City Bank.
J. A D.'Phila., B’k N. America.
41sg.'J.
7
7
5
6
4
6 g.
6
5
7
do
do
jJ. A D.j
J. A J.i
jM. A 8.
N.
INCOME ACCOUNT OF
Dec.
1, 1935*
Aug. 1, 1921
Aug., 1887
|
Y., Central Tr. Co.
|M. A N.|
IVarionsj
1, 1906
June
J. A D.lPhiladelphia, Penn. RR.
|F. A A.! N. Y., Comp’ys Agency.
F. &
A.j N. Y.,Chie.,R. I. A Pao.
i, 1920
1, 1920
Nov. 1, 1927
Jan.
! Sept.
do
do
do
The account for
PENNSYLVANIA RAILROAD COMPANY.
1884.
Net income Penn. RR. Division.$10,185,529
Net loss New Jersey Division ..
593,536
tfalanee
$9,591,993
From this balance deduct :—
Advances to Pennsylvania Co.
.
In’76, 4">0)5338; in’77. 243grt> l'k in’78, 27^35 hi; iu’79, 3238#5I.Ss ;
in’80, 48
*4; in '81,591sa/7018; iu’82. 537a®6514; tn’83, 561so>6l:h;
In '84,4014^61; in ’85, 45^l®5618; in ’86, Sl^s^bOAi; in ’87 to Sept.
16, incl 54 o)60.
June 15, 1906
Dec. 1, 1919
A J. Phil.,Pa., Co., for ins. Ac.
trust bonds.
Gross earnings for 188 4-85, $1( 5,437; net,
$37,580. Gross in 1885-6, $169,376 ; net, $35,678; deficit under interest
($1,667,733)
and taxes, $15,498. Stock is $1,156,517.
600,000
Payments to trust fuud
Panama.—Owns from Aspinwall to Panama, 48 miles.
Opened Consol, mortgage redeemed
277,460
through Jan.28, 1855. Of the general tnortg. bonds $500,000 fall due in Allegheny Val. RR.—Deficiency
698,320
five half-yearly payments beginning April, 1887, and balance in Oct,, Fred. A Peuu. Line RR.
do
15,000
1897.
The $2,687,000 subsidy bonds are secured bj' a pledge of tne Am. 88. Co.—To meet int. guar.
sum of $225,000 annual subsidy payable to the U. S. of Colombia by
Settlement of balances under
the company.
In June, 1881, most of the stock was sold to parlies
trunk line pool in 1886
interested in the De Lesseps Panama Canal Co. The report for 1886 was For destruction of property at
in Chronicle, V. 44, p. 465, showing net income of $645,360, and a
New Brunswick, N. J
surplus of $119,581 over cliaiges. (V. 44, p. 212, 465.)
$1,590,780
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater¬ Balance to credit of inoome..,
$8,001,213
son, N. J., 15 miles.
The road was opened in 1834, and leased
6,560,787
in perpetuity' September 9,1852, to the New York A Erie, at a rental of Rate of dividend.
(7)
$48 ,400 per year, and is operated by the New York Lake Erie A Western
as part of its main line.
J. S. Rogers, President. New York City.
Credit of profit and loss.
$1,440,426
1.020.692
Pennsylvania.—(See Map)—Line of Road—The Pennsylvania sys Balance of old accounts, Ac.....
tern embraces about 5,639 miles of railroad, including all east and west
$119,731
At the close of 1886 the mileage operated east of Pitts¬
burg & Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division and branches, 1,568; Philadelphia A
Erie Division, 287; United Railroads of N. J. and branches, 466; total
operated. New York to Pittsburg, with branches, 2,322.
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬
road was dated April 13. IS 16, for a line from Harrisburg to Pittsburg.
The line from Harrisburg to Philadelphia was under other organizations,
including the State Railroad, and the Harrisburg Portsmouth Mt. Joy A
Lancaster is still operated under a lease though forming part of the
main line. Road opened in 1854. The great number of leases, both east
and west of Pittsburg, were made for the most part under the adminis¬
trations of ,T. Edgar Thomson and Thos. A. .Scott in the few years preced¬
ing 1873. The terms of the leases will be found under the names of the
respective leased roads.
The Pennsylvania Company was organized in 1870 as an auxiliary
corporation to control all the lines west of Pittsburg A Erie, and t he
Pennsylvania RR. Co. holds all the stock of the Pennsylvania Company.
Stock and Bonds.—The Pennsylvania Railroad stock lias been’in¬
creased from time to time, chietly by tin*, sale of stock at par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬
ments. The dividends paid each year since 1870 have bedn—in 1871,
1872, 1973 and 4874, 10 per cent each year; in 1875 and 1876,8 per
cent each year; in 1877, 4; in L878, 2; in 1879, 4L>; in 1880, 6 and 1
per cent iii scrip; in 1881, 8; in 1882, 8^2; in 18 S
8 ; in 1884,7;
Annually.
do
do
do
burg A Erie operated by the Pennsylvania Company.
the years 1384, 1885 and 1886 was as follows:
Pittsburg.
1910
iA. A O.
1,000
....
July 2, 1887
May 31. 1887
Philadelphia, Office.
Philadelphia A London.
M. A N.
1931
1883
1885*
’88 to ’89 A ’97
Nov. I, 1910
19.999,700
Controlled in 1879 by the Nashville Chattanooga
in 1885 and in 1886, 5.
The prices of the stock
Aug. 1,
July 1,
1,000
collateral
of
Nov. 1,
New York, Office.
London.
New York.
jj. A J.
g.
1907
May, 1923
|M. A N.
g.
do
2bj
50
1881
2,687,000
(Pledged)
do
98,521,300
50
1877
1881
1866
1866
Aug., 1887
M. A 8.
M. A N.
50
....
1873
1879
1881
1883
F. A A. N. Y., Del., L. A W. RR.
7
5
6
6
2
7
6
668.000
1,000
....
1870
4bj
438.000
100
£200
pal,When Due.
Stocks— Last
Dividend.
$1,320,400
1,000
5,000
Rate per
Cent.
When Where Payable, and by
Payable
Whom.
Outstanding
$50
....
Bond s—Princi¬
INTEREST OR DIVIDEND.
Amount
1,000
....
1876
1883
1881
1883
N. Y., 35 miles, teased in 1868 to the Delaware Lack. A West. RR. Co.
or 9 per cent per year on stock and interest on bonds.
Owensboro Sc Nashville.—Owns from Owensboro, Ky., to Adair-
ville, Ky., 84 miles.
87
13.613.184
1885
1886.
$8,153,685
159,497
$7,994,186
$1,000,639
58,621
324.830
701,576
15,000
90,000
$8,974,970179,010
$8,795,954
$667,093
69,895*
324,800
698,390
15,000
90,000
411,972
265,000
$2,190,666
$2,542,150
4,738,892
$6,253,904
4,738,892
(5)
(5)
$5,803,522
$1,064,630
363.355
$701,27
*
14,032.918
Balance profit, and loss Dec. 31. $14,032,918 $14,734,193
-V. 43, p. 115. 132, 245, 352,368,431,516, 635, 774; V.
276. 288, 307, 312, 401. 466, 551,621, 681, 694, s09;
$1,514,912
623,750
$491,156
11.734.193
$15,625,349
44, p. 149,
V. 45, p. 13,
113, 143, 272.)
Penugylvaiila Company.-The Pennsylvania Company is a cor¬
poration chartered by the Pennsylvania Legislature, April 7. 1870, dis¬
tinct from the Pennsylvania RR., and it operates all the leased lines wes$
of Pittsburg.
The stock is owned by the Pennsylvania RR.
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
W. A Clite. special stock. The gold bonds of 1921 are secured by a deposit
in trust of the leases of the Pitts. Ft. \V. A Chic, and the Clove. A Pitts,
railroads ami are also guaranteed by the Fonna. RR. Co. The trustees
of the mort. are Wistar Morris, Edmund Smith and S. M. Felton. Tlio
sinking fund is 1 per cent per annum if the bonds can be bought at par.
The
whole number of miles operated or in any way controlled
by this company is 4,083. The income account of the company_showed
net profits over all liabilities, including fixed charges, of $1,867,883 in.
1882;-f872,829 111 1883: deficit in 188 I of $710,220, deficit in 1885 of
$1,094,071; deficit in 1886 of *200,674.
Pennsylvania & New York (Canal and Hailway),-Owni
from Wilkesbarre, Pa., to N. Y. L. E. AW. RR. near New \ork State
Line, 104 miles. Branches to mines, 23 miles. Operated in connection
with the Lehigh Valley Railroad as a northern outlet. Common stock,
$1,061,700, and preferred stock. $4,000,000. Gross earnings in 1385-86*.
$2,268,574; net, $662,383. Gross in 1884-85, $1,827,460 ;_net, $325,010. Seven per Cent dividend paid on preferred stock in 1885 and eight
in July, 1887.
Pennsylvania Schuylkill Valley.—Owns from Philadelphia to
New Boston, Pa.
101 miles, and Frazer, to Plnvuixviile, 40*s miles.
This was formed in 1886 by the consolidation of several companies, and
is controlled by the Pennsylvania RR. Co. The bonds are owned by the
Pennsylvania RR. and issued in pieces of $100,000, eonve-t«ble into
$1 ,00d bonds. There is a sinking fund of 1 per cent. Gross earnings in
1885, $360,182; operating expenses. $400,585. Gross in 1886, $532,143; net, $11,491. J. N. DuBarry, President.
Pensacola 4k Atlantic.—Pensacola, Fla., to River Junction, Fla.,
160 miles
Road complete l Feb., 1883. Operated by Lou. A Nash, sinoe
Jan.. 1885, and connects its system with the roa Is of Florid t and So.Ga.
Stock. $3,090,000.
In addition to the bonds above giv, n there aro
$975,000 6 per cent land grant bonds issued to the Louis *V Nash., RR.
Earnings for year ending June 3d, 1686, $’94.616 gross and $33,679
net ; interest 011 bonds, $160,000 ; other interest. $38,686 ; taxes, $19 ,
539; construction, $19,91(): deficit, $224,496.
Junction to Peo¬
14, 1854, to
$125,000 per annum.
Peoria Decatur Ac Evansville.—Owns from Pekin to Evansville,
235 miles;
branch-Stewartsvillc. hid. to New Harmony. Lid.. 6
idles; leased, Pekin, III., to Peoria, 111., 10 inileft; through Decatur,
3 miles; total, 254 miles.
This road is a consolidation of the
Pekin Lincoln A Decatur RR. (formerly leased to the Wabash) and the
Decatur Mattoon A So. and tin* Gray ville A Mat.
The road is operated
in harmony with the Evansville A Terre Haute.
In Dee., 1886, stock¬
holders voted to exchange the income bonds for 5 per cent ’d mortgage
bonds, and the exchange was m ide in March, 1887. (See full statement
of the company and balance siie- t m V". 4 4, o. 552 )
Annual report for
1 s*6 in
V. 44, p. 342.
Gross ear'lings in 1886, $814.744; net, $336,981' gross in 18*5. $736,964; net, $247,655.
From Jau.l to June 30
in 1887 (6 mos.) gro-s earnings were $411,044, against $337,367 in
1886; net, $189,959, > gainst $137,103.
(V. 43. p. 162. 275, 335, 368.
459,487,635,766; V.44p. 149,212, 276,309, 342, 552; V. 45,p. 26,>
Peoria Sc Bureau Valley.—Owns from Bureau
ria. Ill., 47 miles. The road was leased in perpetuity April
the Chicago A Rock Island Railroad at a rental of
I
IN
VESTOR'
SUPLEMNT.
[Vol.
xlv.
'.RAILROAD
September, 1887.J
STOCKS
AND
BONDS,
8»
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Por explanation of column
on
first page
headings, &c.t see notes
of tables.
Peoria dk Pekin Union— 1st mortgage, gold, coupon
Second mortgage, gold (issued for incomes)
Perkiomen—1st mortgage
Consol, mort., gold, guar. P. A R., (sink, fund) —
Peterborough (N. H.)—Stock
Bonds (not mort.), redeemable after 1882
Petersburg—Stock
Guaranteed pref. stock, 6 per cent
1st mort. bonds (payable $25,000 yearly)
Mortgage bonds, class A
Mortgage bonds, class B
Philadelphia dk Balt. Central—Stock
1st mortgage (for $2,500,000)
1881
1881
1867
1873
....
1877
63
....
82
....
...
Philadelphia Newtown dk New York—Stock
Bonds, guar, by Phila. & Read., coup
Philadelphia dk Reading—Stock, common
Preferred stock
Mortgage loan, sterling, coupon
do
dollars, coupon
79
79
27
287
287
40
287
287
....
7
29
21
21
1,013
1,013
....
....
convertible, coupon
Mortgage loans, coupon.
20
20
38
38
11
....
Westchester & Phila., 1st mortgage
Philadelphia dk Erie—Stock, common
Preferred stock, special
1st mort., Sunbury A E. (extended 20 years in ’77).
2d mortgage
General M., g., guar by Pa.RR.t$5,263,000 rg. 5s)
Debenture bonds, reg. (redeemable at any time)..
Phila. Oermant’n dk Chestnut Bill— 1st mort., guar
Philadelphia Germantown dk NorHstoivn—Stock.
do
Miles Date
of
of
Road. Bonds
....
_
.
Consol, mort. ($8,162,000 are gold 6s) cp. or reg.
Gen. mort., gold, $ and £, cp.($5,000,000 are 7s).
.
....
....
Size,
Par
Outstanding
$1,000
1,000
$1,500,000
1,500,000
100
799,600
1,125,000
385,000
4,000
1,000,700
323,500
275,000
643,000
800,000
1,000
100
500 Ac.
100
50
1869
1881
1881
....
....
....
50
1.000
1871
100 Ac.
50
50
....
1857
1868
1869
1885
1883
1,000
1,000
1,000
1,000
1,000
....
....
1843
1843-9
1857
1868
1871
100 Ac,
50
50
£500
200 Ac.
1874
1,000
323,500
§age
bondholders
preferredtostock
prevent
and $1,000,700
a sale, and common
reorganization
stock. was
$-140,000
madeClass
with
“A” bonds
still iu hands of Central Trust
which
,
Co., of
3,000,000
13,943,000
1,470,000
1,000,000
2,231,900
1,200,000
700,000
39,474.911
638,850
967,200
1,499,500
1,000
appointed, but steps were taken by second mort-
are
2.400,000
976,000
500 Ac.
Net earnings in 1883-84, $99’,201; in 1884-85, $121,537; iu 1885-86,
$89,775. Interest on debt, $115,476. (V. 44, p. 3«;5 ; V. 45, p. I 3.)
Peterborough.—Owns from Wilton to Greenfield, N. II., 11 miles.
Completed Jan. 1, 1874. and leased by Nashua A Lowell Railroad
for 20 years from 1873 at 6 per cent on cost of the road. Edward
Spalding, President, Nashua, N. H.
Petersburg.—Petersburg. Va., to Weldon, N. C., 63 miles. In May
reserved to retire old 1st
$359,596; net, $160,931 ;
—(V. 43, p. 608.)
7,975,000
-
'1,000
interest and rentals, $4,286. Gross receipts iu 1886. $226,352;
net, $48,365 ; delieit under interest, rentals and taxes, $23,977
A. L.
Hopkins, President, New York.
Perkiomen.—Owns from Perkiomen Junction, Pa., to Emaus
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees: but
the property was surrendered in May, 1879. Stock subscription, $38,040. A proposed plan of reorganization pi ovides for cancelling present
debt and issuing a new mortgage for $2,250,000. (See V. 45, p. 33.)
was
1,100,000
50
50
....
over
receiver
2,495.650
l,0i 0,000
1881
Peoria 6c Pekin Union.—Owns from Pekin to Peoria, 10 miles
each side of Ill. River; total operated, 20 miles. The road is a union
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Opened Feb.,
1881.
In 18s5, gross receipts, £397,506; net, $168,437;
balance
a
Amount
Value.
on
1877,
INTEREST OR DIVIDENDS.
or
$350,000
are
mortgage 8s In 1885-86, gross earnings,
in 1S84-85, gross, $345,128 ; net, $157,095.
74,500
2,700.000
18,811,000
24,686,000
When 'Where Payable, and bv
Payable j
Whom.
Rate per
Cent.
6 g.
Q.-F.
4*fig. M. A N.
6
6 g.
3
6
A. A O.
J. A D.
April
A. A 0.
rr
N. Y., Central Trust Co.
do
do
Bon d s—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Feb. 1,
Feb. 1,
Norristown, Pa.
do
do
1921
1921
(0
June 1,
1912
Nashua, Treasurer.
April 11, 1887
Boston, N. E. Trust Co. Oct. 1, 1897
4
3
8
5
6
....
f. & J.
J. A J,
A. A O.
Petersburg, Va.
do
July 3, 1*887
Jan,, 1888-’98
July 1, 1926
Oct.
1,
1926
M. A N. Phila. Company’s Office. Nov. 1.
A. A 0.
do
do
|1 April
1,
*
i911
....
5
7
....
.
7
7
5 A 6 g.
4*2
4*3
1891
Philadelphia, Pa. RR.
....
A. A O. Philadelphia, Pa. RR.
J. A J.
do
do
Various Philadelphia A London.
F. A A. Philadelphia, Penn.RR.
M. A N.
3
Q.-M. Phila., Treasurer of Co.
Oct.
1. 1897
July 1, 1888
July, 1, 1920
Feb.
1, 1915
May 1, 1913
S. pt. 3. 1887
....
6
A. A O.
2*3
3*3
6
6
6
7
6 g. or 7
7 A 6 g.
Phila,, 227 So. 4th St.
Philadelphia, Office.
....
do
....
J.
J.
J.
A.
J.
J.
A
A
A
&
J.
J.
J.
O.
A D.
A J.
do
London.
Philadelphia, Office.
do
do
do
Last paid
do
do
do
July, 1884
Oct. i, 1897
Jan. 25,1876
July,
July,
July,
July,
1876
1910
1910
1910
Oct,
1, 1893
June, 1911
July 1. 1908
Organization, Leases, Ac.—The Philadelphia A Reading Company
chartered April 4, 1833, to build from Philadelphia to Reading, and
on May 13, 1872, the Mount Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jan,,
1842. The Philadelphia A
Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill, Mine Hill, Schuylkill Valley, Phila¬
delphia Germantown A Norristown, Philadelphia A Chester, and some
minor roads; also the North Pennsylvania Railroad and ~ Delaware
A Bound Brook, forming the line from Philadelpliiato New York. In
May, 1883, the Central of New Jersey was leased, including the leased
lines of that company in Pennsylvania, but after failure to pay the
lental and a decision that the lease was never legally’ valid, the Jer¬
sey Central Road was given up Jan. 1, ls87.
The fiscal year ends
November 30. The annual election is held early iu January.
The Philadelphia A Reading Coal A Iron Company is a corporation
formed (Dec. 12, 1871) for the purpose of owning and working the ex¬
tensive coal properties of this company. The Phila. A Read.RR. Co. owns
all the stock ($8,000,600) of the Coal & Iron Company.
was
The P. A R. RR. aud the Iron Co.
were
in the hands of receivers from
May, 1880, to May, 1883.
Again iu June, ’84, receivers weie appointed.
Stock and Bonds.—The preferred stock is of small amount, and did
not receive any dividends after 1880. The. dividends paid on Phila¬
delphia A Reading stock from 1870 to 1875, inclusive, were 10 per eeut
each year; in 1876 2 *3 per eeut was paid and nothing since.
The range of P. A Ii. stock yearly m Philadelphia since 1875 has been:
in 1876, 18*3055; in 1877, 10020*4; in 1878, ll^glO^; in 1879,
11 *203758; in 1880, 6^036*2: in 1881, 2538037*4; iu 1882, 23*g&
33^; in 1883,23*2030*2; in 1*84, 8*2030*4; in 1885, 6^8127a; iu 1886
9*3^27; in 18«7, to Sept 16, iuel 17*4®29.
The bonds m the table above are arranged with tlio mortgage
bonds
placed first, then the plain debentures, income bonds, scrip, ac. Under
the sinking fund clause the right has been claimed by- Mr. Gowen to
pay
oft the general mortgage bonds at any time on proper notice.
The
,
Philadelphia 6c Baltimore Central.—Philadelphia to West¬
chester, 26 miles; Westchester Junction to Oetoraro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This
was a consolidation, Oct., 1881, of the Philadelphia V Baltimore Cen¬
tral and the Westchester & Philadelphia railroads. Of tin; new dock trustees of the general mortgage ol 1874 hold the bonds of the Coal
Philadelphia Wilmington A Baltimore RR. holds nearlv all. In 1884-85. A Iron Co., viz., $29,737,965 mort. of 1874 and the Phila. A Read. Co.
net earnings, $181,799. In 1885-b0, net earnings, $166,129; surplus also holds the $10,000,000 mort. of tho Coal A Iron Co. dated 1876.
The Deferred Income bonds have a claim for 6 per eeut interest only
over charges, $20,859.
after 6
Philadelphia 6c Erie.—Owns from Sunbury to Erie, 287 miles. vertibleper cent has been paid on the stock. In January, 1883, tho con¬
adjustment scrip was issued, secured by $4,000,000 income
Formerly Sunbury & Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross mortgage. Tae new consol, mortgage dated in 1882. due in 1922, was
issued
eceipt as rental, but modified January 1, 1870, so that actual net above in adjustment of certain liabilities. In addition to tin* bonds
given there are real estate mortgages of the P. A R. RR. Co. for
receipts are paid as rental. The general mortgage is guaranteed by the
Pennsylvania Railroad and the interest on the 6s is paid J. A J., on the $-•,098,200 and of the Coal A Iron Co. for $769,837.
5 per cents A. A O. The unpaid coupons are held bv the lessee for ad¬
Operations, Finances, Ac.—Tho Philadelphia A Reading Co. has
vances, and by terms of adjustment in Jan., 1885, made with the Penna. been the largest of the anthracite coal carriers, and through its auxiliary,
Railroad Co. the P. A E. issued $l,5d0.000 debenture bonds at 4Lj per the Philadelphia A Reading Coal A Iron Co., became a large owner of
coal lands. Between 1870 and 1876 tho P. A R. increased""heavily its
cent, secured by the overdue coupons held as collateral.
From January 1 to June 30, 1887 ( 6 mos ), gross earnings were capital account in the purchase of new properties, and after paying
10
$1,861,401, against $1,66. .710 in 1886; net, $766,111, against $709,- per cent dividends for some years ceased to pay after Jan., 1876)
694.
In May, 1880, the company suspended payment and on 51 ay 24
Last report was in Chronicle, V. 44, p. 273, giving the following:
receivers were appointed and held possession till *iay, 1S83.
Bin in
June, 1881, the company again went into receivers’ hands, partly owing
INCOME ACCOUNT.
to the heavy charges on Central of N. J. lease, while coal profits also
Receipts1883.
1884.
1885.
1886.
declined largely.
Gross earuings
$4,108,843 $3,660,146 $3,292,253 $3,708,485
In Feb., 1886, tho Drexel-Morgan syndicate of bankers was formed,
Net earnings
$1,488,020 $l,45w,0-0 $1,292,880 $1,405,953 with a proposed capital of $15,000,000, for the purpose or
effecting
Rents
4,892
10,bo6 reor-enlzation. (See Chronicle, V. 42, p. 216 and p. 394.) The
9,120
8,471
plan of
organization approved by the *• reconstruction trus ees” representing
Total Income.... $1,492,912 $1,467,200 $1,301,351 $1,476,789 bondholders and the
company, and by the syndicate, was publi-hed at
Total disbursem’ts
1,277,575
1,250,218
1,187,713
1,339.328 length in the chronicle of March 27, 1886, on p 394, Ac., and after
the agreement with Mr. Gowen in Sept., 1886. under which Mr. A. Corbin
Surplus
$113,638
$215,337
$216,982
$137,461 became President, the complete plan as modified was published iu the
-(V.44, p. 273.)
Chronicle of Dec. 18, on p. 747; (V. 43. p. 747).
From Dec. 1, 1886, to July 31, 18>7 (8 mos.), gross earnings of the
Philadelphia Germantown 6c Chestnut Hill.—In Philadel¬
phia from Germantown June., on Connecting Railway, to Chestnut Hill, P. A Ii. R.li. were $13,555,867, against $12,207,795 in 1885-6; net,
6% miles. From May 1, 1883, leased for 30 years to the Pennsylvania $•>,790,754, agst $1,871,865 iu 1885-6. Including the Coal A Iron Co.,
RR. Co., which guarantees 4*3 per cent on the bonds. Gross earnings in the net earmugn were $7,£02,010 in 1886-7, agst $3,439,58 > In 1885-6.
With the proceeds of assessments on stock and bonds aud the
1885, $108,162; operating expenses, $116,405. Gross in 1886, $140,largely
773: net, $7,464.
increased income in 1887, the irustees paid re; eivers’ certificates, float¬
Philadelphia Germantown 6c Norristown.— Philadelphia. ing debt, and began to pay overdue inter e.-t. See V. 45, p. 305.
The annual report for the year ending Nov. 30, 1886, was iu V. 44, p.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬
mouth Railroad, 9 miles; total, 29 miles.
The property was leased 89, and gave the income account as below, including the Central
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999 years at a of New Jersey leased lines. From this report it appears that tlio
floating
rental of $269,623 and $8,000 yearly for organization expenses. Divi¬ debt aud “current liabilities” of the P. A R. aud tlio Coal A Iron cost
dends of 12 per cent per annum are regularly paid.
Nov. 30, 1886, were $29,779,273. against $25,070,177 the previous
Philadelphia Newtown 6c New York.—Owns from Erie Ave , year, an increase of $4;7< 9,096. The details of the P. A R. RR. Co.’s
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000, unfunded debt wore as follows :
On November 10,1879, the Philadelphia & Reading Railroad purchased
Nov. 30, ’86.
Nov. 30, ’35.
12,012 shares (which gave control of the property), and guaranteed the Bills payable and loans
$6,721,805
$7,103,890
bonds; the r< ad is operated in connection with the P. A R. system. Receivers’ certificates
2,835,370
2,747,857
3 364,501
Earnings in 1884-85, $73,928, expenses, $82,282; deficit, $8,353. Leased roads and canals—rentals
5,342,743
In 1885-s6 earnings were $80,450; expenses, $86,629; deficit, $6,179.
interest
and
dividends
Unpaid
8,219,814
4,694,427
521,467
Philadelphia 6c Beading.—Line of Road—Owns main line. Connecting roads
474,271
Account
of
current
business
Philadelphia to Mount Carbon, Pa., 98 miles: branches owred, 228
492,415
454,356
miles; leased dues, 579 miles; roads controlled, 107 miles: total oper¬ Wages, drawl tacks. Ac
1,842,990
1,400,971
ated in 1887 about 1,013 miles. These leased lines include the No. Penn, Taxes on stock aud receipts
3 -2,0->4
592,350
and Delaware A Bound Brook roads, from Philadelphia to Bound
Brook, N. J., and branch to Trenton. The Shainokiu Sunbury A Lewis$2C 301 658
33°.623
The Co. I A Iron Co.’s floating liabilities on Nov. 30, 1386, were
burg, and the Jersey Shore Pint- Creek A Buffalo and other lines, form
the connecting roads to the N. Y. Cent. A H. at Geneva and Lyons, N. Y. $1,855,363, against $ ,809,199 on Nov. 3 ', 1-85.
favor by giving
Subscribers will confer a great
explanation of column headings, Ac., see notes
on first page of tables.
Scrip general mort. and Perkiomen, 6,
Deferred Income bonds
Deferred income scrip
Conv. adjustment scrip
Car trust certificates
do
do
P. A R. Coal & I., purchase money
do
debenture loan
Date
Size, or
Par
of
Road. Bonds Value.
#
sterling..
$1,000
1876
1,000
1882
1883
1868
1873
1877
1877
1882
500 Ac.
500 Ac.
100 Ac.
100 Ac.
10 Ac.
90 Ac.
50 Ao.
199
199
125
33
78
149
10
149
149
1882
1868
1859
1876
1885
30
and coup
1884, reg
GROS8 AND NET RECEIPTS.
1884-85.
1883-84.
4,403,328
2,441,052
652,200
6,203.900
557,569
1,794,510
24,673.400
894,690
2,110,730
1,400,000
822,000
12,261,000
1,117,000
1,259,100
11,819,350
1,000,000
1,000
1,000
Payable
6
7
5
5
6
7
6
6
6
6
6
6
6
6 A
7
A.
J.
M.
F.
J.
J.
J.
J.
-
-
-
1.000
$12,628,897 $12,119,857
1885-86.
$12,628,897
$12,119,857
$82,430
18,898
$62,895
30,653
16,184,453
15,804,595
940,997
984,684
$17,226,778
$16,882,827
Co
$4,597,881
$4,762,970
—(Y. 43, p. 23. 102, 103,131, 133, 245, 275, 368, 399, 431, 459, 516, 547,
635,672, 719, 738, 747; V. 44, p. 22, 61, 89, 90, 185, 212, 244, 276,
309, 344, 401,431, 459. 466, 527, 544, 551, 586, 701, 714,752,782,
809; V. 45, p. 26, 54, 85, 143, 211, 240, 272, 305, 341.)
Deficit of both companies
Plilladelplila & Trenton.—Owns from Kensington, Pa., to Morrisville, Pa., 26 miles and Tioga Branch, 1 mile; leased—Trenton Bridge.
Connecting Rai’road, 7 miles, and Frankford & Holuiesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, it was
leased with the United Companies of N. J. to the Penn.. RR., at 10 per
cent on stock, and is operated as a part o 1 its New York division.
Philadelphia Wilmington & Baltimore,—Mileage as follows:
Philadelphia Wilmington A Baltimore RR., 123 miles; Philadelphia A
Baltimore Central, 79 ; Delaware RR., 100; Queen Anne & Kent RR.,
26; Delaware & Chesapeake, 55; Cambridge
Seaford RR., 27; Del.
Did. A Va. RR., 98 miles ; total operated, 506 miles. Owns over half the
atock of the Phil. & Balt. Cent.
This road on the main route, Philadelphia to Baltimore, has been
profitable, paying regular dividends, with a considerable surplus. From
1868 dividends or 8 per cent on the stock have been paid each year. In
April, 1881, nearly the w hole stock was purchased and is held by Penn.
For four years the income account was as
326,600
6,292,000
10.000,000
$
5,741,672
Interest
on
debt
7
.Dividends, 8 perct....
.Miscellaneous
Total disl tursem’ts...
1884-5.
$
5,678,588
1885-6.
$
6,004,761
1,862,630
109,348
133,496
122,373
146,378
$
$
285,329
331,3 '8
211,778
201,485
47,682
1,911,189
$
386,631
200,OoO
47,686
2,009,008
$
367,650
200,0 0
943,604
150,133
9 13,604
14,543
945,548
11,674
47,697
945,518
13,605
1,639,078
146,167
1,538,653
450,016
1,591,542
319,647
1,574,501
434,507
—(Y. 44, p. 185.)
Piedmont A Cumberland.—Road extends from Piedmont, West
Va., to Cumberland, Md.. 30 miles. It connects the West Va. Central A
Pittsburg RR. with the Pennsylvania RR. systnu, and lias a traffic con¬
tract from the Pennsylvania Railroad. Stephen B. Elkins, President.
Pine Creek.— Stokesdale Junction to Newberry Junction, Pa., on the
GorningC. A A. Road, 75 miles. Formerly Jersey Shore Pine, Creek A Bull.
RR.
It is operated by the Fall Brook Coal Co., and forms a connection
between Philadelphia A Reading lines and N. Y. Central, and bonds are
guaranteed by these companies and the Corning C. A A., on tho.condiBon that guarantors shall advance money lor interest if needed and
take 2d mortgage bonds for such advances. Stock $1,000,000. Stock
and bonds were largely held by Mr. W. II. Vanderbilt. Gross earnings in
1885 were $538,326; net, $167,564; lent of road, $161,498; surplus,
$6,066.
Pittsburg Ciuciuuatl A St. Louis.—Owns from Pittsburg, Pa.,
to Columbus, Ohio, 193 u iles; branch to Cadiz, Ohio, 8 miles; total, 201
miles. This wa* a consolidation of several companies. May 1, 1868, in¬
cluding the Steubenville & Indiana and the Pan Handle roads. This com¬
pany is controlled by the Penn. Company, through the ownership of a
majority of its stone. The P. C. A St. L. also has leases of the Little Miami
ana
its
dependencies. Common stock, $2,508,000; first uref. $2,929,200;
-second preferred, $3,000,000; par value of shares, $50. Authorized
amount of 1st mort. $10,000,000, of which $3,137,000 reserved.
The report for the year 1886 said: “The tonnage transported was
1897
1896
1, 1922
1, 1933
1, 1893
1, 1893
1877-84
1882-85
Oct. 1,
Dec. 1,
May
Feb.
July
Jan.
July,
July,
Irredeemable.
Irredeemable.
Jan. 1, 1888
1892 to 1894
1892
July 10. 1887
July 1, 1887
April, 1917
Oct. 1. 1892
April 4. 1900
June, 1910
Aug. 1, 1911
in freight earnings of $711,122 42. The average rate received
mile was 021O mills as compared with 5»10 mills for the pre¬
and while the average cost was increased, the result was an
increased profit on this class of traffi ?. There were carried 1,321,432
passengers as compared with 1,261,427 in 1835, there being a gain in
local, and a loss iu through travel.”
The statistics of the report for 1886 were in V. 44, p. 342.
per ton per
vious ye ir;
Total gross earnings.
Op. exp. and taxes..
4,623,740
3,037,465
4,045,257
2,731,960
4,033,623
2,631,633
Net earnings
P.c.of op.ex.to
1,536,275
1,313.297
1,351,990
eam’s
67-53
66-77
1886.
1885.
1834.
1383.
4,752,596
3,130,690
1,621,906
65-87
66-48
INCOME ACCOUNT.*
Receipts—
Net earnings
Rentals and interest;
Net from l’sed roads.
1834.
$
$
1,313,297
1,536,275
8,784
401,132
1,940,191
Total income
Disbursements—
Rentals paid
Interest on fuud.d’bt
Other interest
Int.on C. AM. Val.bds.
Loss ouSt.L.V.AT. H.
“
Cin.&Mus. V. RR,
Miscellaneous
4.624
423,531
$
1,621,906
$
1,351,990
4,835
378,330
4.974
432,897
.
589
1,741,452
$
849,920
-
646,990
183,850
105,000
33,011
42,003
27,888
82,534
10,418
2,059,777
$
1,735,744
$
830.881
646,990
178,615
52,500
931,518
646,990
133,104
66,917
14,172
1,725,784
1,775,903
1,888,662
2,000,033
def.53,842 def.147,210 def. 40,159 sur. 333,993
Balance
*
850.3 45
714,490
231,2 L6
105,000
1886.
1885.
1883.
Miscellaneous
Exclusive of Col. Chic. & lud. Cent.
GENERAL BALANCE AT CLOSE
Assets—
RR., equipment, Ac..
Stocks owned, cost..
Bonds owii°d, cost
Betterm’ts to l’s’d r’ds
Bills A accts. receiv..
Materials, fuel, Ac...
Cash on hand
Cin. Str. Conn. Ry...
Profit A loss balance
..
1,788,816
1,988,674
Dividend.
do
do
A. A O.
'
do
do
A. A 0.
do
do
A. A O.
do
do
T. A D.
New York.
F. A A.
Dee. 1932
J. A D. Phila. P. A R. RR. Co.
F. A A. Phila., Pa., RR. Office.
Aug. 1, 1900
do
do
A. A O.
April 1, 1913
Jan. 1, 1914
J. A J. N.Y., Nat City Bank.
Jan. 1,1890
J. A J. Phila., Pa. RR. Office.
Feb. 1, 1893
do
do
F. A A.
Oct. 1, 1922
New York.
A. A 0.
J. A J. Balt., Balt. A Ohio RR.
July, 1898
F. A A. Pittsb., First Nat. Bank Aug. 1, 1889
I. A J. London. J.8.MorganACo Jan. 1, 1926
Feb. 1, 1925
New York Agency.
F. A A.
OF EACH FISCAL YEAR.
$
20,605,107
1,085,967
20*318
1,107,502
474,337
317,725
64,639
232,415
23,908,010
Total assets
Liabilities—
Stock, common
Stock, preferred
Bonds
All other dues A acc’ts
Due Little Miami RR.
DueC. C. A I.C.RR
$
2,508,000
5,929,200
12,(517,000
1,692,961
847,360
.
Cin. Street Conn.bds.
Miscellaneous
1886.
1885.
1883
1,855,178
48,234
Taxes
$
5,820,323
Last
Last
Last
Last
Last
Last
Stocks— Last
crease
follows:
1,675,997
1,785,245
"Jfcentals paid
1883-4.
Philadelphia.
paid Dec., 1883
paid May, 1884
paid Feb., 1884
paid Jan., 1884
paid Jan. 1884
paid Jan., 1884
Philadelphia A London.
Nothing ever paid.
Nothing ever paid.
Last paid Jan , 1884.
J. A J.
F. A A.
Philadelphia.
M. A 8. Last paid March, 1887.
Various
Philadelphia, Office.
M. A S. Last paid March, 1884.
Philadelphia, Office.
Q.-J.
J. A J. Phil’delphia, Co.’s Office
A O.
A D.
AN.
A A.
A J.
A J.
A J.
A J.
....
INCOME ACCOUNT.
1882-3.
Where Payable, and by
Whom.
4,864.889 tons, against 4,066,336 tons in 1885, a gain of 798,503 tons,
the larger portion of which was in local traffic.
All classes of freight
show an increase, except ore. live stock and agricultural products. The
$46,373,811 coke traffic shows an increase of about 57 per cent, or 112,038 tons.
34,253,954 The
gain in the volume of coal was also quite large. There was an In¬
$13,396,534
briefly as follows:
2,400,000
4,000,000
100 Ac.
£200
100 Ac.
$44,643, <166
32,015,069
fitate tax on capital stock
All rentals and full interest due, including
dividends due on C^nt. of N. J stock
Deduct: For the Coal A Iron Co.:
Full interest on all obligations other than
Disbursements—
Bonds—Princi¬
pal,^When Due.
1885-86.
1884-85.
Receipts-
Tables.
....
-
3,000,000
134,000
*
gg.
4
4
6
6
5
5
6
7
7
5
7
6
6
7
6
6 g.
5 g.
3,500,000
6,863,000
2,500,000
1,000
1,000
1,000
1,000
g-
2i*
1,000,000
650,000
1,000
1,000
When
Cent.
700,000
800,000
1.000
$47,450,848
34,054,314
ISet receipts, both companies
From this deduct: For the Railroad Co.—
Debit balance, profit and loss
UR. Co.
$9,364,000
4,905,000
1,000
INCOME ACCOUNT.
those held by the Railroad
Rate per
120,000
Holliday’s CoveRR. mortgage bonds
Pittsb. Cleve. <t Toledo—1st mortg., gold, tnt. guar..
Pittsb. it Oonnellsville.— 1st mortgage
let mortgage Turtle Creek division
Consol, mort., guar. B. & O. (s. f. £7,200 pr. yr.)..
2d consol, mortg., gold (pledged for B.A O. bonds).
i*'
Outstanding
100
50
1887
1872-4
1875
1880
1886
1883
1868
1873
1864
1864
..
Amount
500 Ac.
39
506
Plain bonds, registered
do
do
do
Piedmont <t Cumberland—1st mort
Pine Greek— 1st mort., guar
PUts. C. <t St. L.—1st M., consol., reg.
2d consol, mortgage
1st mort., Steub. A Ind., extend, in
Col. A Newark Division bonds
1873
1883
1883
1884
1872-4
1872
mort. bonds...
Philadelphia <t Trenloiv—Stock
'Philadelphia Wilmington <t Baltimore—Stock
Net earnings
The income account was
Immediate notice of any error discovered in these
Miles
of
Fhila.it Read.—(Cont.)—Improvement mort., gold
Income mortgage. $
Consol. M, of ?82, 1st ser., gold (for $80,000,000).
do
2d series (for $80,000,000)
Debenture loan, coup
do
convertible, coupon
Scrip deben. and guar, bonds, currency
'Gross receipts
Gross expenses
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INYESTOKS’
90
20,798,277
$
20,870.740
$
20,965,392
1*085,967
1,065,967
1,085,967
23,750
21,744
1,119,287
292,014
258,918
23,750
38,17
23,750
1,036,391
16,021
951,613
389,995
330,697
322,045
64,639
396,124
276,131
64,639
428,482
24,060,720
$
2,508,000
5,929,200
12,617,000
1,451,050
845,826
24,214.26S
•$
2,508.000
5,929,200
12,617 000
2,013,724
64,639
119,300
23,879,426
$
2,508,000
5,929,200
12.617,000
845,826
1,680,136
845,290
262,500
38,018
262,500
37,298
‘
202,500
50,989
262,500
417,144
24,060,72) 24,214,268 23,879,426
245; V. 44, p. 342.)
Pittsburg Cleveland A Toledo.—(See Map of Baltimore <t Ohio.)
—From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock $3,000,OO, par $50. Leased iu July, ls«4. for 9 > years, to Pittsburg A Western,
which is
-rolled" by Baltimore A Ohio, and tue Baltimore A Ohio
Company guarantees interest on the P. C. AT. bonds (see terms in V.
39, p. 607.) In the year ending June 30, 1886, gross comings were
$406,825; net, $132,462 ; interest, rentals, Ac., $260,802; deficit,
Total liabilities
;.
23,908.010
-(V. 42, p. 366, 547; V. 43, p.
$12^,340.
Pittsburg A Counellsville.—Owns
from Pittsburg,
Pa., to
Md., 147 miles; branch, 2 miles; leased lines, 22 miles;
171 miles. Leased to the Balt. A Ohio Railroad since Jan. 1,
The city of Baltimore trausfened its interest to the Balti¬
Railroad for $1,000,000, and the consolidated sterling mort¬
Mt. Savage June.,
total,
1876.
more
made and guaranteed by the Baltimore A Ohio, of which
prior bonds. It is operated as the
Pittsburg Division of the Baltimore A Ohio RR. In 1884 the Balt. A
Qhio issued its bonds for $10,000,000 secured by pledge of the above 2d
consolidated mortgage of the Pittsburg A Connellsville RR. Stock is
$1,944,400. Iu 1885-86 gross earnings, $2,430,085; net were $842,421.
gage was
enough is reserved to retire the
RAILROAD STOCKS AND BONDS.
September, 1887.]
Subscribers will confer
a
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
Date
of
of
For explanation of column headings, &c., see notes
on lirst page of tables.
Road. Bonds
Pittsburg Ft. Wayne <£ Chicago—Stock, guar
Special improvement stock, guaranteed
1st mort. (series A to F) » Bonds all coupon, but
2d
do (series G to M) > • may be made payable
)
to order.
Pittsburg Junction—1st M., gold
Pittsburg <& Lake Erie—Stock
1st mortgage, gold, coupon
Pittsburg McK. dc Youghiogeny—Consol, stk., guar
1st mortg., guar
2dmortg
Pittsburg Gainesville dk Fairport—1st mortgage
Pittsb. Ya. & Charleston— 1st mortgage, gold
Pittsburg <6 Western— 1st mort.,g. (for $10,000,000)
1st mortgage. Pitts. Brad. A Burt
Port Huron <£• Northwestern— 1st mortgage
Consolidated mortgage
Equipment mortgage
3d mortgage
1856432.
468
468
468
468
468
414
70
70
65
.
Port Jervis Alonticello <£ N. F.—Stock.
Port Royal <£ Augusta - 1st mortgage
2d mort., endorsed by Central Ga
—
Augusta & Knoxville mortgage
General mortgage income bonds, coup
Portland & Ogdensb.—1st mort., gold
Consol, mortgage (for $3,300,000)
Portland <£ Rochester—Stock ($000,000)
Portland Saco <£ Portsmouth—Stock
Portland & Willamette Yaltey—1st mort., gold......
Portsmouth <t Dover—Stock
Portsmouth Ot. Falls & Conway—Stock
1st mortgage
,
.
•
•
•
62
02
70
120
103
218
218
218
24
112
112
08
Size,
INTEREST OR
or
Par
Amount
$100 $19,714,286
10,776,800
5,250,000
5,160,000
2,000,000
1,000
1,449,"00
50
2,050,000
1,000
2.000,000
50
3,000,009
1,000
2,250,000
1,000
750, "00
•
1862
1862
1881
....
1878
1884
1882
1884
1880
1882
1887
1881
1879
1882
1881
1,000
1,000
1,000
....
....
1878
1882
1880
1878
1870
1871
11
....
73
73
1877
100 Ac.
7
7
7
6 g.
3
6 g-
lh»
,
0
7
0
7
6
0
7
0
0 g.
6 g3
3
7 g.
3,
3
112,000
030,000
100 Ac.
500 Ac.
100 Ac.
....
1.500,000
800,000
2,377,000
599,800
....
100
1,000
r*
1,500.000
400,000
709.000
100
100
500 Ac.
....
0
0
5
5
4 g-
150,000
...
When
Q.—J.
1,150,300
1,090,000
(!)
4hj
Various
Various
A. A O
J. A J.
J. A J.
DIVIDENDS.
Where
Payable
Q--J.
1,000,000
3 000,000
(0
890,000
755,000
920,000
135,000
509,000
....
.
18 SO
1\
100
500 Ac.
500 A3.
500 Ac.
1871
1862
00
94
53
51
29
Rate per
Cent.
Outstanding
Value.
Poughkeepsie Hartford dlioston— (NowN. Y.AMass.)j
Payable, and by
Whom.
N.
Y., Winslow, L. A Co.
do
do
do
do
do
do
elo
do
New York. 3d Nat’l Bk.
N. Y., Chemical Nat. Bk.
N. Y., Phila. A Pittsb.
Q.-J-
7.
,T.
J.
A.
J.
A.
A
A
A
A
A
A
J.
J.
J.
J.
N.Y., Union Trust Co.
do
do
Stocks—Last
Dividend.
July 5, 1887
July 1, 1887
July 1, 1912
July 1, 1912
Julv
1.
1912
July, 1922
In 1887
July
July
July
July
1.
1,
1,
1,
1928
1897
1932
1934
1916
O.
J.
O.
A. A O.
M. A S.
F. A A.
Bonds—Princi¬
pal,^When Due.
Philadelphia.
New York. 3 Broad St.
Last paid Oct., 1884.
N. Y., First Nat. Banit
do
do
A J.
•
N.
Y., 234 Broadway.
April 1, 1912
Julv
1, 1917
April 1, 1911
Oct. 1,
Mar. 1,
Jan.
1899
1922
1, 1899
1898
J.
A
A
J. A
M. A
J.
J.
J.
J.
J.
J.
....
J.
J.
J.
N.
N. Y., Nat. City Rank.
N. Y., 234 Broad wav.
Last paid Julv, 1883.
Last paid May, 1883.
Portland.
July 1, 1900
Jan. 1, 1899
Jail., 1900
Nov., 1901
July, 1886
J.
Julv
Boston, Cilice.
A J, N.Y., Farm. L. A Tr. Co. Jan.
A J.
Portsmouth, Treas,
July
A J.lBost., Eastern RR. Co. Julv
A I).
do
do
July
A
15. 1887
1, 1906
1, 1887
15, 1373
2, 1937
....
-
.
Pittsburg Fort Wayne 6c Chicago. Owns from Pittsburg, Pa.,
111. 408 miles. The company made default Oct. 1. 1857, and
again in 1859,,and was foreclosed Oct. 2*1, 1801, and reorganized under
this title Feb. 26,1802. On June 27, 1809, the company leased all its
road and property to the Penn. RK at a rental equivalent to interest,
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
Increased at that dine from $11,500,000.
The lease was transferred
subsequently to the Pennsylvania Company. The lessees are to keep
the road in repair and also pay taxes, expenses, Ac. The rental and
interest charge is about $3,120,000 per year, and the protit to lessees
had been large; in 1884 and 1885, however, there was a loss to lessee.
The Pitts. Ft. Wayne A Ch ie. leases the Newcastle A Beaver Val. and the
Lawrence roads, which in turn are leased again by the Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F inclusive,
of $875,000 eaeli series, the interest on “A” series being payable Jan.
and July ; on “B” it is February an l August; on “C” it is March and
September ; on “D” it is April and October; on “E” it is May and Nov.,
and on “F” it is June and December. The second mortgage is also in
six series of $800,000 each, lettered II to M inclusive (J omitted), and the
interest is payable Jan. and July on ”G” series, Feb. and Aug. on “ II,”
March and Sept, on “ I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “ M.” The bonds are coupon, but may be regis¬
tered payable to order. Of the 1st mortgage bonds, $1,633,500, ami of
the 2d mortgage $1,949,500, and $823,707 cash, were held iu the sink¬
ing funds Jan. 1, 1887. The special improvement, stock is issued to
Pennsylvania RR. for improvements, Ac., under article 10 of lease,
which provides that the lessee may issue special bonds or stock, and
says: “ The said party of the second part shall guarantee the payment,
semi-annually or quarterly, thereon of such rate of interest as maybe
agreed upon between the parties hereto, to be paid by the said party of
the second part to the holders thereof without deduction from the
rent hereinbefore reserved; and the said special stock, or bonds, or
other securities, shall be issued only in respect to improvements of and
additions to the said railway which, and estimates and specifications
of which, shall have been submitted to and approved by the said party
of the first part in writing.” * *
*
It was proposed to change the terms of the ‘ease so as to issue bonds
to the lessee instead of the special guarantee d stock, but this was not
to Chicago,
consummated.
Operations and earnings for live veai'* oast were as below; in the gross
profits on leased lines are included, and in the net the earnings
paid to the C. A P. road are deducted.
the net
Years.
91
Passenger
Mileage.
Miles.
408 140,057,082
408 127,520,075
408 110,039.940
408 134,013, 04
468 104,370,187
Freight (ton)
Gross
Mileage.
Earnings.
•
991,907,501 $10,957,133
944,503,370 10,805,050
907,951,237
9,2u4,314
9 3.501.515
8,237,150
903,083,277
9,129,340
Available Div’d
Revenue, p. et.
$4,308,405
ley Junction, O., 77 miles, and uses 20 miles of Cl. Mt. V. A Del. RR.,
4kron. O., to Orville, O.; total, 315 miles. This was a consolidation of
several roads dated June 15, ’81, and in ’83 Pitt-. Brad. A Buffalo was
acquired. In July, 1834, leased the PjAtsburg Cleveland A Toledo RR.,
making a line to Akron, O. Operated in the Baltimore A Ohio interest,
and went into receiver’s hands iu March, 1885. Sold in foivclosure
June 8, 1887, and bought by the N. Y. committee. New company or¬
ganized June 25, as follows: Preside?.t, James Callery. Allegheny City;
Vice-Presnlent, A. J. Thomas, New York; Treasurer, J. P. Curtis, Now
York ; Secretary, H. D. Campbell,
J. W. Chal fan t.' Willi on Semple.
Pittsburg; Directors—James Callery,
Allegheny; II. \\\ Oliver, Jr, Pitts¬
burg ; A. J Thoniis, C. II. Coster, A. II. Brock, New York.
The plan of rcorganizat ou (in the Ciikonici.k, V. 44, p 370) pro¬
vided for the issue of a new 1st mort. gold for $10,000,000 at 4 per
cent, and $5,009,009 of pref. 5 per cent stock, and $7,000,900 common
stock. Ill 1884-85 gross earnings, $844,793 ; net, $230,175.
In 188580, irross earnings, $1,091,403; net, $334,028. (V. 43, p. 399; V. 44,
p. 370, 514, 752 ; V. 45, p. 20, 113.)
Port Huron 6c Northwestern.—Port Huron to East Saginaw,
91 miles; Saginaw Junction to Sand Beach, 58; Port Austin to Palms,
35 ; Port Huron to Almout, 34; total, 218 miles. In 1880 gross earnings
$315,985
net earnings, $Lo 1,002 ; interest payments, $141,811
$297,702 ; net, $84,283; interest payments, $140,574.
Sanborn, President, Port Huron, Mich.
Port Jervis JTIontioello 6c N. Y.—Owns from Port Jervis, N.
Y., to Monticelio. N. Y., 24 miles. Was sold in foreclosure July 10, 1375,
and again sold oil' in Nov., 1886, and then reorganized under present
were
Iu 1885
John P.
;
gross,
title.
II. R. Low, Middletown, Prest. Gross earn’s in 1884-85 $20,530.
net, $5,355. Gross in l-85-86, $10,720; net, $1,914. (V. 43, p. 309, 579.);
Port Royal 6c Augusta.—Owns from Port Royal. S. C , to Augus¬
ta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta A Knoxville road,
Augusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 4 per cent
on stock of $127,039, and assuming the bonded debt.
Formerly Port
Royal Railroad.
Defaulted Nov. 1, 1873, and receiver appointed May 9,
Juno 0, 1878, and purchased for the bond¬
holders, who organized this company. The Georgia Railroad was en¬
dorser on $500,000 of the old bonds. The stock is $750,000, and in
June, 1881, a controlling interest was purchased by Central Georgia RR.
parties. Gross earnings iu 1885-80, $452,113; net, $58,102. in 1884-85,
gross $412,1* 4 ; net, $58,148.
1875.
Sold in foreclosure
Portland A:
Ogdenwburg.—Owns from Portland Me., to Fabyans,
Johnsbury A Lake
Champlain) by using 14 miles of the Boston Concord A Montreal RR.
91 miles.
and
It
reaches the. Vermont Division (now St.
a 3-mile link of its own.
In lw70 the company made default on the
mortgage interest and foreclosure proceedings were begun, hut com¬
2,907,465
promise was made bjr giving notes for overdue coupons up to July, 1878.
2,411.45 L
The city of Portland owned a controlling interest in the stock, $1,052,3,083,012
180, and $1,35",000 of the consol, bonds.
In March, 1881, a foreclosure suit was begun and receivers appointed.
Pittsburg Junction.—From Monongahela River to Allegheny
River, Pittsburg, Pa., 44 miles, including side tracks and branches. In June, 1885, a decree or foreclosure was made, and a final decree
filed Dec. 15, 1885. and a plan of reorganization was stated in V. 41, p.
Built under auspices of B. A O. and Pittsburg A Western, which compa
421. In June, 1880, the new co npany was organized as the P. A O.
nies made an agreement to pay $2 for each car, and guaranteed (separ¬
ately) a minimum of $240,000 per annum. In 1880 gross earnings Rai\wuy Company. Samuel J. Anderson, President Portland, Mo.
Gross earnings in l*84-s5 were $301,993; net, $99,157; gross iu
were $170,000 and net $140,090. Common stock is $900,000.
Preferred
stock, $480,000. In 1880 7 per cent dividend was paid on the pre¬ 1885-86, $301,370; net, $121,782. (V. 43, p. 211,072; V. 44, p. 119.)
ferred stock. (V. 44, p. 118.)
Portland 6c Rochester.—Owns from Portland, Me., to Roches¬
Pittsburg 6c Lake Erie.—Owns from Pittsburg, Pa. to Youngs¬ ter, N. rt., 53 miles. The old company was put in the hands of a
town, Ohio, 08 miles; branch line to Newcastle, Pa., 2 miles; total, 70 Receiver February, 1877. Foreclosure, suit was begun, hut a settle¬
miles. Leased from Jan. 1,1884, for 99 years, the Pittsburg McKeesport ment was made in 1881 by which all the old stock and bonds were con¬
& Yougliiogheny RR , from Pittsburg to New Haven, Pa., 57 miles, with verted into the stock of the new
company. In Nov., 1885. a lease to the
branches, 5 miles. Scrip certificates for $015,000, bearing 0 per cent Boston A Maine was made for 50 years.
Gross earnings in 1885-86.
interest and payable at will, are also outstanding. This company is $191,503; net, $42,594. In 1884-85, gross, $181,900; net, $25,272.
managed in the interest of Lake Sh. A Mich. So.. Gross earn, in 1885, -(V. 43, p. 717.)
$1,201,312; net, $394,407. Ill 1880 gross, $1,376,801; net, $375,055.
Portland Saco
Portsmouth,—Portland, Me., to Portsmouth,
Jno. Newell, Pres’t, Cleveland, O. (V. 44, p. 91,544.)
N. H., 51 miles.
It was leased May 4, 1871, to the Eastern Railroad,
Pittsburg McKeesport A Youghiogheny.—Owns from Pitts¬ Mass., at 10 per cent on stock. Lease rental changed May 21, 1877,
burg to New Haven, Pa., 57 miles; branches, 8 miles; total, 05 miles. and now 0 per cent. The Boston A Maine Railroad leased the Eastern
Road opened Nov., 1883, and leased to Pittsb. A Lake Erie RR. for 99 in 1884 with all itR leased roads.
years, 0 per cent on tbe $3,000,000 stock and principal and interest of
Portland 6c Willamette Valley.—Lino of road from Portland,
the bonds being guar, by P. A L. Erie and Lake Shore A M. So. Cos., the Or., to Dundee, 28 hj miles, connecting
with Oregonian Railroad, with
guarantees being endorsed on the share certificatrs and bonds. Gross which it has a freight contract for 15 years. Bonds may be redeemed
earnings in 1885, $587,723; net, $320,270; paid interest and dividends, at 105. Stock. $130,000.
$359,173; deficit, $38,903. Gross earnings in 1880 $041,838; net,
Portsmouth 6c Dover.—Portsmouth, N. H., to Dover, N. H., 11
$367,042 ; paid interest and dividend, $30u,330; surplus, $001. W. C. miles. Opened February 1, 1874, and leased for 50 years to Eastern
Quincy, President, Pittsburg, Pa.
of New Hampshire at 0 per cent per annum on the stork. Operated
Pittsburg Paliiesville 6c Fairport.—Owns from Fairport. O., now bv Eastern (Mass.) Frank Jones, President, Portsmouth, N. H.
to Youngstown, O., 02 miles. Leased in Dec.. ’80 to the Pittsburg A
Portsrnonth Great Falls 6c Conway.—Owns from Conway
Western the 52 miles from Fairport to Niles. The Painesville A Youngs¬ Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
town RR. Co. made default, and road was sold in foreclosure June 2, in Massachusetts has made a lease of the road for 60
years from Dec. 1,
1879, and reorganized. Sold again In foreclosure June 3,1886, fo $4u0.- 1878, with a guaranteed rental of $45,000 a year, which pays 4^ per
000, and P. P. A F. Co. organized. Com. stock, $800,000;pref., $250,000
cent on $1,000,000 bonds, and the stock is to receive the same dividends
Pittsburg Virginia 6c Charleston.—From South Pittsburg, Pa., as the stock of the lessees. Total stock, $1,150,300, of which lessee*
to Unlontown, Pa., 70 miles. The stock is $1,505,000. The bonds and own $551,300.
$1,251,050 of the stock are owned by the Penn.RR. Gross earnings,
Poughkeepsie Hartford 6c Boston.—Poughkeepsie, N. Y., to
1886, $629,104; net, $252,232. Dividends of $1 50 per share paid in Boston Corners, 40 miles; Stissing to Pino Plains (track rental), 5 miles.
March and September, 1885, and 2*3 per cent April 4, 1887.
This road was sold in foreclosure Jan. 20, ’84. under the 2d mort.. and
Pittsburg 6c Western.—Owns from Alleghany City, Pa., to New again foreclosed in 1886 under a small 1st mort. to give a clear title to
Castle, Pa., 04 miles; Callery Junction to Mt. Jewett, 137 miles; Duck the property, and iu 1887 reorganized as the N. Y. A Mass. RR. Co. Tu
Run Branch, 3 miles; Clarion Branch, 6 miles; other branches, 2 miles;
1885 -86, gro.-s earnings, $49,001, net, $4,183. G. P. Pelt on. President,
total, 212 miles. Leases P. C. A Tol., New Castle Junction, Pa., to Val¬ Poughkeepsie, N. Y.
3,747,319
1st
Subscribers will confer a great
1
explanation of oolumn headings, Ac., see notes
on first page of tables.
Providence d Spring/.—1st M. (end.
Providence d ’Worcester—Stock
Miles
Date
Size, or
of
Par
of
Bonds
Value.
Road.
23
51
by City Prov.).
1872
Outstanding
100
100
108
97
40
40
(extended)..
2d mortgage, coupon (extended in 1884)
Debentures
Lancaster A Reading, 1st mortgage
Rensselaer d Saratoga—Stoc x
1st mortgage, consolidate l (for $2,000,000)
Richmond d Alleghany—1st mortgage, gold
Second mortgage, gold
Car tr^st
pates
Richmond d Danville— 3d mort.
Amount
$1,000
....
(consol, of 1867)..
mnrt.j gold (for $6,000,000).
Debenture mortgage bonds, cumulative
Consol, mort., gold ($15,000 per mile)
Piedmont.■branch, 1st mortgage
Northwestern N ft, 1st mort., guar..
Richmond York River AChes., 1st mortgage
2d mortgage
do
do
do
Stock guar. 6 p. ct
do
Rich’d Fredericksburg d Potomac—Bonds, ster
Dollar loan
15
193
79
252
252
141
141
....
48
29
38
38
....
1*86
1873
1862
1,000
1,000
lOOAc.
1.000
1864
1877
1873
....
350,000
8,155,300
1867
1874
1882
1886
1868
1873
1873
1880
100 Ac.
350,000
1,925,000
4,982,000
4,000.000
393,000
1,000
1,000
617.500
1,000
4,878,000
2,708.0 '0
1,154,0 *)
i;ooo
1,000
1,000
500,000
500,000
400,000
400,000
497,000
57,327
309,594
150,000
1.000
1,000
1,000
....
•
•
•
•
....
•
•
• •
•
•
•
•
....
•
•
• •
300^000
25
25
7s)
100
500 Ac.
....
1875
....
1887
1,000
Springfield.—Providence, R. I., to Paseoag, 23
80 miles.
$45,545;
In 1885-8fi^gross earnings, $102,563^; net, $38,032;
miles. It was proposed to extend tlie road to Springfield, Mass.,
Stock is $510,850. In 1884-85, gross earnings, $92,700; net,
interest, $36,163.
Interest, $34,890.
Providence Sc Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
Notes outstanding are $250,00 J. Stockholders can subscribe prior to
Feb. 15, 1887. lor $5t O,OoO new stock at par.
In 1885-86 gross earn¬
ings were $1,245,711; net, $3/1,507. In 1884-85 gross, $1,077,166;
(V. 43, p. 607, 738.)
net, $321,507.
Raleigli Sc Augusta.—Owns from Raleigh, N. C., to Hamlet, N. C.,
98 miles; Hamlet to Gibson, 10 miles; lexscs Montcure to
miles; total, 120 miles. Formerly Chatham Railroad, and
by Raleigb A Gaston.
stock.
Pitrsboro. 12
is controlled
In ls86 bonds were issued to redeem preferred
Gross earnings in 1885-6 were $220,015; net, $69,314.
Raleigli A: Gaston.—From
1,000,000
369,000
40,000,000
5,000,000
8,500.000
100
100
4,352
Preferred ft per cent stock, cumulative
Collateral trust bonds, gold (payable at 105)
Providence Sc
Raleigh to Weldon, N. C.. 98 miles
1886, $467,142; net, $106,582; other receipts, $70,405; surplus over
interest and dividends, $36,844.
Reading Sc Columbia.—Owns from Columbia to Sinking Springs’
Pa., 40 miles; branches, 16 miles; Lancaster & Reading Railroad*
leased, 15 miles; operates Marietta Junction to Chickies, 6 miles; totai
Stock, $958,268.
The road is controlled ami oper¬
onerated, 77 miles.
ated by Philadelphia & Reading, but accounts kept separate. Default
was made in 1886-7 in the payment of interest on the debenture bonds
to the amount of $60,Oou. The first mort. 7 per cent bonds due 1882
were extended 30 years at 5 per cent, and the 2d 7s due 1884 were ex¬
tended twenty years at 5 per cent. Gross earnings m 1884-85, $356,108; surplus, $76,362; 1885-86, gross, $382,358; surplus over interest,
Ac., $06,965.
Rensselaer Sc Saratoga.—Owns from Albany to Lake Cham
plain, N. Y., 79 miles; Troy to Waterford Junction, N. Y . 6 miles
Whitehall. N.Y., to Castleton, Vt., 14 miles; Eagle Bridge to Rutland
Vt., 62 miles; other, 2 miles; leased: Ballston to Schenectady, 15
miles; Foil Edward to Caldwell, 15 miles; total operated, 192
It was a consolidation of several lines, and the Delaware &
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and interest on the bonds. In the fiscal year end¬
miles.
ing Sept. 30,1886, the payments by the lessee company for rentals were
$885,187, leaving a surplus of $14,891. From April 1 to Juno 30 in
1867 (3 mos.) gross earnings were $569,991, against $534,115 in 1886;
net,$398,310, agaiust $199,491; deficit under charges, $66,771, against
$56,090. (V. 43, p. 580; V. 45, p. 18 J.)
Richmond Sc Alleghany.—Owns from Richmond to Clifton Forge,
Lexington, 19 miles; dock connection, 1 mile;
leased, Buckingham RR., New Canton toArvou, 4 miles; Valley RR. con¬
nection, 2 miles; total, 256 miles. The company was chartered Fel). 27,
1879, and acquired by purchase the properties and franchises of the James
River A Kanawha Canal Co., and the Buchanan & Clifton Forge Railway
Co., including water rights on James River and terminals in Richmond;
the cost of these in stock and cash was $6,588,609.
The stock is $5,000,000. In May, 1883, default on the mortgage inter¬
est was made, and on June 23 receivers were appointed. Decree of sale
230 miles; branch to
expected in October, 1887.
The plan of reorganization as changed in March, 1887. proposed that
the new securities he $6,000,000 5 per cent firsts; $5,060,000 pre¬
ferred stock, and $5,( 00,C0o common. In 1888 2^2 per cent interest
will be paid on the bonds and 5 thereafter. The present lsts will get
100 p* r cent in new » rsts, 37 per cent, in prefened stock and 30 per cr.
In common stock. The 2ds get 53;% per cent in preferred stock and the
common stock gets 70 per cei t in new common, having paid 10 per cent
assessment in all, including $2 10 already paid. The money for the
assessment will be used to pay receiver’s certificates. Earnings from
operations for three years ending Sept. 30 were:
18*4.
1885.
1886.
Grose eam’ge, inch rents, docks, Ac. $604,083
$589,591
$597,0 48
420,104
404,918
438,350
earnings
v
$183,‘>79
$184,673
$158,698
—(V. 44, p. 58, 119, 435, 495.)
Richmond Sc Danville.—(Sec 2Lap.)—The main line Is from Rich
mond, Vh., to Danville, Va., 141 miles; branches, 12 miles; Danville,
Va., to Greensboro, N. C., 47 miles; Salem Junction, to 8alem, 25 miles.
The whole system operated is given under the R u W. P. Terminal Co.
In April, 1-86, the Virginia Midland RR. w m leased for 99 years, and
the Cob mbia & Greenville, Charlotte Columbia & Augusta, and Western
North Carolina also leased for 99 years. The Piedmont RR. is virtually
owned and the Northwestern North Carolina also owned. The Rich.
York R.A Chesapeake is leased in perpetuity. The Richmond & Danv.
Extension Co. was organized to build Georgia Pacific RR., and large
advances wer« made to it by the Richn ond A West Point Terminal Co.
In Nov., 1886, negotiations led to a sale of a large majority of the R. A
D. stock t<* the Terminal Company, which then became the principal
Net
corporation, and afterward, in Feb., 1887, exchanged its own stock for
the E. A 1>. stock in the proportion of four shares of Terminal for one of
Where
Payable, and by
Whom.
Payable
Stocks—Last
Dividend.
J. A J. Providence,Am. Nat.Bk
I. A J.
Providence, Office.
A. A 0. Providence R. I.H.T.Co.
July 1, 1892
Ju y 1, 1887
A J.
A J. Phila..Pa..A Ral’gh,N.C.
M. A S.
Phila., Co.’s Office.
do
do
r
J. A D.
J. A D.
do,
do
do
J. A J.
do
J. A J. N. Y., Nat. B’k Com’roe.
MAN. N.Y., Del. A H.Canal Co.
Last paid Jan., 1883.
J. A J.
M. A N. Last paid Nov., 1882.
Jan., 1926
Jan., 1898
Mch. 1, 1912
J.
J.
6
8
5
5
6
7
4
7
Bonds—Princi*
pal,When Due.
l6 *
g.
5
6
6 g.
6
5 g.
8
6
8
6
3
5
g*
5, 6,7
8
6
3
6 A 7
M.
J.
A.
A.
A.
A.
J.
M.
J.
J.
J.
J.
M.
J.
M.
June 1, 1904
Dec. 1, 1917
July 1, 1893
July 1, 1887
Nov., 1921
July 1, 1920
May 1, 1916
1890 to 1895
N. N. Y., Central Trust Co.
May 1, 1890
1915
do
do
J.
do
do
O.
April 1, 1927
O.
do
do
Oct. 1, 1936
0. N. Y., Cent. Trust Co.
1888
O.
Richmond.
1902,
do
Jan. 1, 1894
J.
do
Nov. 1, 1900
N.
J.
July 1, 1S87
London.
1901
J.
J.
1895-’99-1902
Richmond, Office.
J. Phil.,To wnsend W. A Co.
1890
N.
1901
Richmond, Office.
J
Richmond, Office.
July 5, 1887
N.
do
do
May 1, 1915
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
N.
2*3
6 g.
1897
F. A A.
Y., Central Trust Co.
do
do
.T illy
1.
Feb. 1, 1897
Richmond & Danville. The R. & D. stock ($5,000,000) was thus taken
and held by the Terminal Co.
The total authorized issue of general mortgage bonds is $6,000,000,
of which part is reserved to take up prior Pens and the Piedmont RR.
bonds. The interest on the Debenture bends was strictly cumulative and
they carry unpaid the coupon of Oct., 1883, and all since, making 24 per
cent April, 1887, and a proposal was neade to the holders to issue
to them in exchange for tbese coupons 24 per cent in new consol, mort.
5 per cent gold bonds. The consolidated gold mortgage of 1886 was
issued for an authorized amount of $11,220,000 to take up the gen. mort¬
gage bonds, the debentures and their overdue interest, and the North¬
western N. C. RR. bonds, guaranteed. Also further issues at $15,000 per
mile can be made to retire bond of leased lines.
(See V. 43. p. 275.)
The annual report for the year ending 8ept. 30, 1886. was published
in the Chronicle, V. 43,.p. 717, containing the following:
1885-86.
18s4-85.
1883-84.
Total receipts
$3,834,737
$4,012,028
$3,999,147
Operating expenses
2,12 4,553
2,231,486
2,24 8,977
and Louisburg branch 10 miles The stock is $1,500,000. In April, ’84,
3 perct dividend paid, 3 in Oct.. 1885, and 2 in April, ’86. John M. Rob¬
inson, Pres’t, Baltimore. Gross earnings for fi-cal year ending Sept. 30.
Operating expenses
6
650,000
Coup0™ bonds of 1 890
Richmo^id d Petersburg—Stock
Consol, mortgage ($50,000 are
1,242,000
873.000
1,000.000
1,000.000
100 Ac.
100
1,000
....
7
1,000,000
When
Rate per
Cent.
$500,000
2,500,000
1,000
1871
1880
1881
Tables*
INTEREST OR DIVIDENDS.
1877
"Rnn/is
Raleigh d Gaston—1st mortgage
Reading d Columbia—1st mort, coup,
[VOL. XLV,
favor by giving Immediate notice of any error discovered In tbese
DESCRIPTION.
For
SUPPLEMENT,
INVESTORS’
93
Net
$1,890,475
receipts
$1,767,661
$1,615,760
INCOMK ACCOUNT.
1885-6.
Net revenue for the year
Interest on debt, rentals,
$1,890,475
Ac... *1,467,658
1884-5.
$1,767,661
*1,483,097
1883-4.
$1,617,358
*1,470,908
Balance over all charges
*
The int. charge on debent’s
$ 36,450
$422,817
$184,561
is included here in full, but it was not paid.
73, 163, 275, 516, 548, 635, 7 l 7, 738; V. 44, p. 185, 308,
-(V. 43, p.
335, 435.)
Richmond Fredericksburg Sc Potomac.—Owns from Rich¬
mond, Va., to Quantico, 82 miles. In November, 1881, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
mon stock (70 percent on each share), to represent money spent on
the property out of earnings, and afterwards a similar issue on guaran
teed stock. The common stock is $1,030, 100; guaranteed stock, $500,400 (6 percent except $19.000guar. 7 per cent), and “dividend obliga¬
tions” $1,066,500.
A dividend of 3 per cent was paid on common
July, 1887. In year ending Sept. 30, 1886, gross earnings were
$505,412; net, $233,876; interest and guaranteed dividend charges, $85,204: balance net surplus, $148,672.
In 18 S4-85 gross earnings, $471,
913; net, $191.815; interest paid, $50,624; guar, dividend, $34,835
surplus. $106,357. (V.43,p. 670.)
Richmond Sc Peter»burg.—Owns from Richmond to Petersburg,
Va.. 23 miles; branch, 2 miles; total, 25 miles. The road has earned
moderate dividends and the debt account is very small.
In 1885-86
gross earnings, $207,454; net, $95,598.
In 1884-85, gross, $192,650;
net, $95,168. Y. 43, p. 717.)
Richmond Sc West Point Terminal Railway & Ware¬
house Co.—(See Map.)— The mileage controlled and operated in Aug.,
1887, was as follows:
stock
Richmond a Danville System.—Richmond & Danville and Piedmont
RR. and branches, 208 miles: ‘ Riehm’d York River A Clies. RR.. 39 m.;
Northwestern No. Carolina RR., 25 m.; No. Carolina RR. and State Uni-
veisity RR., 232 m.: Atlanta A Charlotte Air Line R'way and b auehes,
288 m.; Virginia Midland R’way, 413 m.; Wash’n Ohio A West’ll RR.,
50 in.; West’ll No. Car. RR.. 290 m.; Char. Col. A Aug. RR. and leased
lines, 373 ill.; Col. A Ureenv. RR.. leased lines and branches, 296 m.;
Asheville A Spartanburg RR 70 m.; Kuo.tv. A Aug. Rli., 16 m.; Rich.
A Mecklenburg RR., 31 m ; Georgia Pac. R’way, 382 m ; Northeastern
RR. of Georgia. 61 m ; total Rich. A Danv. system, 2,774 miles.
East Tennessee Viiumnia A Georgia System.-East Tenn. RR.,
Bristol to Cbattan’ga, 242 miles; No. Car’na RR., Morristown to Unaka,
43 5 in.; Kuoxv. A O. RR.. Kuoxv. to J dlico. 65 5 m.; Ooltewah Cut-off,
11*5 m.; total East Tenn. Diw, 362*5 miles; Cleveland to Selma, 264 m.;
Selma to Meridian. 113 m.; total A1 ibarna Div 377 milss; Atlanta Div.,
Romo to Macon. 158*5 in.; Brunswick Div., Macon to Brunswick (and
Hawkinsville branch), 200 m.: total Georgia Div., 358*5 miles; Mobile
A Birmingham R’way, 1 >0 m.; Memphis A Charleston Ri.. Chattanooga
to Memphis, and branches. 330 m.; total East Teun. Va. A Ga. t-ystem,
,
,
Grind Total of all Mileage, 4,352.
This company was incorporated by an act of the Legislature of Virginia
of March 8, 1880.
It was the auxiliary corporation of the Richmond A
Danville RR. Co., controlling several stocks by ownership of a majority.
In November, 1886, the Terminal Company purchased a large major¬
1,578 miles.
ity of the R. AI). railroad stock, and a new board was elected. It was
voted in December to issue $5,000,000 of pref. Terminal stock, secured
by the deposit iu trust of 25,000 shares of R. A D. stock; and afterward
the common stock was increased to $10,000,000. In Jan., 1887,$6,000,000 of the East Tenn. Va. A Ga. first prei. stock was bought, giving con¬
trol of that Co. for five years (unless 5 per cent dividends per annum
are paid on that stock for two years), and the balance of Richm. A
Danv. stock was taken. See terms of this negotiation in V. 44, p. 119.
See V. 43, p. 635.
The report iu March, 1887 (V. 44, p. 401), showed that the Richmond
A West. Point. Ter. R. A Wareh. Company then owned the following
stocks, viz.: Of its own stock. $28,633 pref. and $3,579,6Q0 common
(tu be exchanged for Richmond A Danv. stock, of
which $2,499,000 to
pledged); also, $4,230,100 of Rich. A Danv. RR. stock, $6,500,000
(*$6,000,000 pledge i),or East Tenn.Va. AGa. 1st pref.; $2,611,650 Rich.
be
A Danville Extension Co.;
$24,800 of Am. Construction Co.; $120,000
BONDS.
RSATILOCKD.AND
1Se8ptm7be.r],
^torta
INVESTOR’
SUPLEMNT.
[Vol.
xly.
RAILROAD STOCKS AND BONDS
September, 1887.]
Subscribers will confer
:
For
a
great favor by giving; Immediate notice of any error discovered In tliese Tables.
DE8CR11 *TION.
iirst pag?
INTEREST OR DIVIDENDS.
-
explanation of column headings, &c.,
on
95
of tables.
Miles
of
see notes
Road.
Rochester dk Genesee Valley—Stock
Rochester dk Pittsburg—See Buffalo R. & P.
Rock Island dk Peoria—Stock
18
1st mortgage
Consol 1st mortgage
Rome dk Carrollton—istmort., gold....
Rome dk Becalm—1st mort.,go d ($1.5,000 p. m.)...
Rome Watertown dk Ogdensburg —stock
1st sinking fund rnort., Wat. & R. (extended)
1st rnort., sink fund (2d mort. on 91 miles)
2d rnort. (3d mort. on 91 miles)
Consol, mort., (extended July, 1882, at 5 per ct.).
Syracuse Northern (gold)
Rutland—Stock, common
Stock, preferred
113
91
113
22
25
656
97
190
190
409
45
135
General mort. (8 per cent, reduced to 6»
New 2d mort. in excli. for equipment bonds, Ac.
Sacramento dk Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. A P. RR.)
Saginaw Valley dk St. Louis— 1st mortg., coup
Johnsbury dk L. Champlain— 1st M.,eoup. or
St.
Consolidated mortgage (for $1,000,000)
reg.
120
120
-
-
^
48
36
120
....
St. Joseph dk Grand Island—-Stock
1st mort., gold, interest guar, by U. P
2d mortgage, income
Bonds on Kan. C. A Om. RR. ($15,000 per mile)..
St. Joseph <£ St. Louis—Stock
(W. Louis Alton dk Terre Haute—Stock
Pref. st’ck (7 cumulative)
1st mortgage (series A) sinking f’d (see next page)
1st mortgage (series B) sinking f’d
) Cp.; or may (
2d mortgage, preferred (series C).. > be reg. by <
2d mortgage, preferred (series D).. ) endorsem't (
a
m
m-m
252
252
__
76
381
381
207
207
207
207
Date
Size, or
of
Par
Bonds Value.
•
•
-
•
1855
1861
1872
1874
1871
2*a
150,000
450,000
150,000
375,000
100
100 Ac.
500 Ac.
5,390,100
418,100
1,021,500
1,000
1,000,000
6,457,000
500,000
2,480,600
....
100 Ac.
100 Ac.
1,000
1,000
1,000
1,000
1,000
....
400,000
4.600,000
7,000,000
1,680.000
....
1,000
1,000
500 Ac.
440,000
923,000
2,300,000
100
100
....
1,000
500Ac.
1,000
1,000
Northeastern Railroad of Georgia, $3,168,300 Western North Carolina
RR. common and $3,168,300 pref.; $100,000 Knoxville A Augusta RR.,
$1,302,400 Charlotte Columbia & Augusta RR., $3,577,333 Virginia
Midland Railway (of which $3,100,000 tled«ed), *$1,001,000 Columbia
& Greenville RR., $49,000 Dan. Mock. & So. W. RR., $300,000 Rich¬
mond & Meoklenburg RR., $103,900 Rabun Gap Short Line, $3,133,980 Georgia Pac. Railroad, $1;500,000 Wash.
West.; and the fol¬
O &
4,090,000
1,500,000
1,500,000
400,000
700,000
446,000
628,000
^100
1862
1862
1862
1862
1,500,000
1,000
1884
1885
1885
1887
3
100 Ac.
1,000
1,000
Rate per
Cent.
$552,200
25,000
5,000
....
1872
1878
1855
1877
1872
1880
Outstanding
$100
....
1878
1885
1885
1886
Amount
J.
10
6
6 g.
6 K.
3^2
6
7
7
5
7
75 cts.
6
5
10
6
8
6 g.
5
Where
A
Payable, and by
Whom.
Stocks—Last
Dividend
J. N. Y.,by N.Y.L.E.AW.Co
July 1, 1887
J. A
J. A
J. A
J. A
,J. A
J. A
M. A
J. A
J. A
A. A
J. A
J. N. Y., Com Exch. Bank.
July 1, 1887
J.
do
do
Jan. 1, 1900
J.
do
do
Jan. 1, 1925
J.
N. Y., S. Borg A Co.
Jan. 1, 1916
D N.Y., Amor. L’u A Tr. Co.
Dec. 1, 1926
J. N. Y. Office, 5 Pine St. Aug. 15, 1887
8. N. Y., Central Trust Co.
Sept. 1, 1910
D.
do
do
Deo. 1. 1891
J.
do
do
Jan. 1, 1892
O.
do
do
July 1, 1922
J.
do
do
July, 1901
F.
M.
F.
J.
J.
M.
A.
N. Boat.,Columbian N. Bk.
A.
do
do
J. N. Y. Central Pac. RR.
J.
do
do
N. Boston, C. Merriam, Tr.
A
A
A
A
A
A
A. A
O.
Boat., Am. L. A Tr. Co.
Q.-J.
Boston.
Aug. 1, 1887
Nov. 1, 1902
1898
1875
1907
May 1, 1902
Oct. 1, 1910
April 1, 1914
.
6 g.
5
5
3
2,468,400
2**
875,000
689,000
1,400,000
7
7
7
7
1,400,000
When
Payable
Bonds—Princi¬
pal,When Due.
M. A N N.
J. A J.
J. A J.
J. A J.
A. A O.
F. A A.
M. A N.
Y., Central Trust Co.
do
-do
do
do
N. Y., Office 34 NassauSt.
do
do
do
do
do
do
do
do
May 1, 1925
July 1, 1925
Jan. 1, 1927
April, 1884
May 1,1886
July, 1894
July, 1894
1894
1894
mento
Valley and the Folsom A Placerville railroads, April 19, 1877,
Capital stock, $1,756,000. Leland Stanford, President, San Francisco.
Saginaw Valley Sc St. Louis.—Owns from Ithaca to Pains, 36
miles, and leases Alma to St. Louis and Pains to Saginaw. 9 miles;
total,
45 miles.
Opened January, 1873. Capital stock, $264,804. In 1886,
gross earnings were $90,131; net, $7,848.
In 1885, gross, $74,941 ;
net, $22,909 ; interest payments, Ac., $35,680. In July, 1879,
manage¬
ment was transferred to the Detroit Lans. A No.
lowing bonds: $100,000 Knoxville A Augusta 1st mortgage 6 per cents,
$368,000 Spartanburg A Asheville 1st mortg. 6 per cents, *$1,325,000
Western North Carolina 1st consol, mortg. and *$4,110,000 2d mortg.,
St. Johnsbury Sc Lake Champlain.—Owns from
*$1,603,553 Virginia Midland 6 per cent Incomes, $315,000 Northeast¬
Lunenburg*
Vt., to Maquain Bay, on Lake Champlain, 120 miles, and branch from
ern of Georgia general mortg., *$1,778,155 Georgia Pacific 2d incomes,
and $299,000 Blue Ridge RR., $4,100 miscellaneous county and No. Concord, Vt., to East Haven, 11 miles; total, 131 miles. This was
township bonds, $ .25,000 Wash. O. A West. 6 per cent income bonds, the Portland A Ogdensburg, Vermont Division, and was reorganized
$50,OuO Georgia Pacific equip, trust bonds. Total seouriiies owned as under this title in 1880. Preferred stock, $1,298,500; common stock,
above, $10,577,808 bonds, .*9,097,933 pref. stocks and $24,bO 1,003 $2,550,000. In March, 1884. voted to issue the consolidated bonds, of
common stocks; grand total, $45,070,804.
Of these, $21,416,00o (in¬ which $600,000 are reserved to take up its first mortgage bonds.
cluding those marked with a star) were deposited with the Central Trust Operated by Boston A Lowell as its Vermont Division, aud all but $41,uOO of the 5 per ceut bonds issued are held
Co. of N. Y. as security for the $8,500,000 of its collateral trust bonds
by that company.
outstanding; those bonds may be redeemed on notice at any time at 105.
St.
The prices ot common stock have been as follows: In 1881, 12.’®
Joseph Sc Grand Island.-(See J lap of Un. Par.—Lineof road,
174H>; in 183 J, 23®263; in 1883, 21®.*9; in 1881, 12®32: in 1885. St. Joseph, Mo., to Grand Island, Neb., 253 miles; Fairfield to Alma, 185
: in 1*86, 27140'7714 5
in 1887 to Sept. 16 inch, 221a@53. miles, building. This company was organized in June, 1885, as suc¬
Pref. in 1-87 to Sept. 16 incl.. 51®87i^.
(V. 43, p. 487, 516, 6o9, 635, cessor of the St. Joseph A Western, sold in foreclosure, and includes also
t lie Hastings A Grand Island HR. and the
719; V.44, p. 22, 91, 119, 149, 2i4, 212, 309, 343, 401, 435, 459, 752.)
bridge at St. Joseph. The
road is operated by the Union Pacific, which
company guarantees the
Rochester Sc Genesee Valley.—Owns from Avon to Rochester iuterest on the 1st mortg. bonds. (See terms, Ac.,
V. 40, p. 764.) In Sept.,
N. Y., 18 miles. This road was leased July 1, 1871, in
perpetuity, to 1886, it was proposed to begin the construction or branch roads, with
Erie Railway, and now operated by New York Lake Erie A, Western.
bonds at $15,000 per mile, as per circular in V.
43, p. 399. James H.
Rental, $34,012. Janies Brackett, President, Rochester, N. Y.
Benedict, President. New York. In 1886 gross earnings were $1,169,425; net, $506,962; def. under interest, Ac., $9,172.
From Jan. 1 to
Rock Island Sc Peoria,—Owns from Rock Island, Til., to Peoria,
May 31 (5 months), 18>7, gioss earnings were $453,410. against $458’Ill., 91 miles; Rock Island A Mercer Co. RR., 22 miles; total, 113 miles. 907
in 1886; net, $168,948, against $215,387.
(V. 43, p. 24,133,
The Peoria A Rock Island was sold in foreclosure April 4, 1877,
the bondholders becoming the purchasers. Gross earnings in 18*4-5, 275. 399, 431, 460, 548; V. 44, p. 23, 60, 185, 300, 46d, 527; V. 45,
p. 113.)
$376,448 ; net, $111,262, out of which 5 per cent dividend paid. Gross
in 1885-86, $495,867; net, $113,008; dividend paid, 5 per ceut.
St. Joseph Sc St. Louis.—St. Joseph, Mo., to No.
Lexington. Mo.,
76 miles.
This was the successor to the St. Louis A 8t.
Rome Sc Carrollton.—Road completed from Rome, Ga., to Cedar
Joseph
Railroad, sold in foreclosure February 8, 1874. The 8t. Louis Kansas
town, 22 miles, and projected to Carrollton, Ga., 140 m. Stock, $60o,0U0.
City A Northern had a lease of the road, but in July. 1886, the road
went back to its owners.
Rome Sc Decatur—Road in progress from Rome, Ga., to Decatur,
Winslow Judson, President, St. Joseph, Mo.
Ala., 145 miles, of which 25 miles from Rome are finished.
It is —(V. 43, p. 103; V.44, p. 149.)
bonded al $15,000 pt r mile standard gauge road. The bonds were
St. Louis Alton Sc Terre Haute.—Owns from Terre
offered in New York by Grovesieen A Pell
Haute,
(V. 45, p. 34 L.)
Ind., to East St. Louis, 193 miles; proprietary line, East St. Louis to
Rome Watertown Sc Ogdensburg.—(See Map.)—From Niagara Belleville, 14; leased lines—Belleville A Southern Ill. RR., 57; Belleville
Falls to Massena Springs, 301 miles; Lewisiou Junct ion to la?wist' n, 3^ A Eldorado road, from Du Quoin to Eldorado. 50; Belleville A Caronmiles; Syracuse to sandy Creek, 44 miles; Richland io Rome, 41 miles; del-t RR., from Helleville to East Carondelet, 17; St. Louis Southern,
Watertown Junction to Cape Vincent, 24 miles; DeKalb Junction to Carboudale to Marion, 50 ; total, 381 miles. This company was a reor¬
Ogdensburg. 19 miles ; Rocln ster to Windsor Beach, 7 miles ; Syracuse ganization, Feb. 18, 1861, of the Terre Haute Alton A St. Louis RR.
to Oswego, 36 miles; Utica to Ogdensburg, 134 miles; Carthage to Sack- The Bellev. A So. Illinois is leased to this company for 999 years from Oct.
1, 1866, and the Bellev A Carondelet for 983 years from Jan., 1hS3, at
etts ILtrbor, 3 j miles ; Theresa Jnnciionto Clayton, 16 miles; total,
656 miles.
The Utica A Black River road and
branches
were
leased
in
April, 1886, the R. W. AO. guaranteeing fixed charges and 7 per cent
per annum on t he stock.
The R. W. A O. was a consolidation Oct., 1861, of the Watertown A
Rome and the Potsdam A Watertown railroads. The Lake Ontario Shore
Railroad was acquired January 15,1875; the Syracuse Northern, Aug.
1, 1875. The Oswego A Rome was leased January 1, 1866, Jit 8 per cent
on stock and interest on bonds.
The Niagara Falls Branch road was
leased Nov. 1, 1881, at 7 per cent on its stock of $250,000.
In April, 1886, the income bonds were offered an exchange of 40
per
Cent in the 5 per cent consol, mort., due 1922,
and 60 per cent in slock,
and the bonds have been about all exchanged.
From O t. 1, 1*86 to June 30, 18b7 (o months), gross earnings (in¬
cluding Utica A BackRner) were $2,170,598, against $1,973,484 in
1S85-86; ner, $926,8o0, against $792,262.
Earnings, expenses and charges in i88 >-6 and 1884-5 were as below
including the Utica A Black River for six months in 18 35-6 :
1885 6.
Gross earnings
Net income
1
$2,406,793
Interest and rentals
Surplus for
year
Charles Pa»ons, N. Y., President.
-(V. 43, p. 217, 218. 245,488, 635, 747
V. 45, p. 113, 212, 240.)
1884-5.
$941,244
$1,702,732
$563,141
693,480
547,692
$247,764
$15,449
rental of $30,000 per year, which is a guarantee of int. on the
bonds:
the stock of $5o0,ooo is owned by the St. Louis A. A T. H. The St.
Louis
Southern RK. aud b ased linen, 50 miles, was leased in Dec.,
1886, for
30 pn* ceut of gross earnings, minimum to be
$32,000. The main
line(St.L. Alton AT. H.) was teased Nov. 1, 1882, to the new* Indianap.
A St. L. Railway and the Cleve. Col. Cin. A
Indianapolis jointly. Under
this new lease the rent guaranteed is $150,000, and that amount is all
that is to be paid unless the gross earnings exceed
$1,750,000 iu any
year ending Oct. 31, and t hen 20 per cent is to be paid of the excess of
gross earnings over $1,750,000.
The Belleville Branch and Extension are operated
separately by this
company. The Belleville A Eldorado was leased for 985 years from
a
July i, 1880, at a rental of 30 per ceut on the gross earns., but $15,400
per year guaranted. The Belleville A Carondelet is leased at $30,000
per annum.
The Chicago
per
St. Louis A Pa iucah road is leased for 980 years at 30
cent of gross earnings, with guarantee of rental to pay 1st mortgage
iu iciest.
Deo. 31, 1886, sinking fund held of the first mortgage bonds $636,000
and $134,519 cash.
The preferred stock has a prior right to a cumula¬
tive dividend of 7 per ceut before auy is declared on common.
It is
also convertible into common at par; but shall not receive any
dividend
as common stock for tile time it was held as
preferred. In Jan., 1881,
the company declared 3 per cent in cash on the preferred stock and
afterward settled the remaining 55 per cent of accumulated dividends
by the issue of incoim bonds.
;
V. 44, p. 91, 119, 244, 752;
The annual report for 1886 was in V. 44, p. 550.
The Cairo Short Line Division, including the roads
directly operated
by this company, made the following exhibit:
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 12o
EARNINGS, EXPENSES AND RENT OF LEASED LINES.
miles; leases Addison RR., 15 miles; total, 135 miles. This road has been
through many charges. It was leased to the Cent. Vermont in Dec.,1870,
1883.
1884.
1885.
1886.
for 20 years, but ilie lessee became insolvent, and finally a modification Gross
earnings
$832,468
$741,050
$766,316
$803,991
Of the lease was made, giving $250,000 per year as a minimum rental
425,635
Oper. expen. and taxes
406,160
397,347
408,896
and $8,000 for organization expenses.
The 5 per cent ‘2ds are a first
Net earnings
mortgage on rolling stock and personal property. The annual report
$4< 6,833
$334,989
$368,969
$395,095
for 1886-87 with ii come account wa» in V. 45, p. 112. (V.
43, p. 72, Rent leased roads
200,897
203,971
203,381
214,482
V- 45, p 112.)
Net
revenue
$205,935
Sacramento Sc Placerville.—Owns from Sacramento, Cal., to
$131,018
$165,587
$180,613
Shingle Springs, Cal. 48 miles. This was a consolidation of the Sacra¬ -(V. 43. P. 719; V. 44, p. 550, 752 V. 45, p. 166, 273.)
.
.
.
.
.
96
INVESTORS’
SUPPLEMENT.
[Vol. XLV.
SRBAATOILNCODJiSD,
J1S8ept7mb.r,
Subscribers will confer a great favor
explanation of column headings, Ac., see notes
on
first page
of tables.
ML Louis Alton db Terre Haute— (Continued).
2d M., incomes, cp., or may he reg. by endorsem’t
Dividend bonds, income not cumulative
Belleville & Carondeiet, 1st mort
Chic. St. Louis & Paducah, 1st mort., guar
2d mortgage, income
Bt. Louis Arkansas db Texas—Stock
fit. L. Ark. A Texas, Is M., gold ($13,000 p. ui.)..
2d mort. (income till ’89), gold
St. Louis db Cairo— 1st M., income (not cumulative)
1st moit., guar., M. A O. (for $4,000.000)
St. louis <t Chicago.— 1st mort., g. ($10,000 p. m.) .
St. Louis IX >coil db Wichita—lax, M. ($15,000 p. m.)
2d mort. ($5,000 p. m.)
Bt. Louis db Hannibal— 1st mortgage ($600,000)
St. Louis Keokuk db N. XV.- 1st mortgage, gold
Income bonds
Bt. ljouis <t San Irancisco.—Stock, common ....
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
1st mortgage (South Pacific), gold, (land grant)...
...
2d mortgage bonds, A, gold
do
do
B, gold...
C, gold
do
do
„
Equipment mortgage, gold
Mortgage on Mo. A Western RR., gold...
Collateral trust bonds, gold
fit. Louis Wichita A West, 1st mort., gold. guar...
Gen. M., gold, coup, or reg (a 2d M.on 293 miles)
Equipment Trust
Kansas C. & Soutliw.. IstM., gold ($12,000 p.m.)
fit. L. Kan. A S. W., 1st M., g. guar.($15,000 p. in.)
Fr. Smith A Van Bur.R’dire, lsr mort. g<*ld. trnar. I
St.
Louis
Arkansas Sc Texas.— (See
Magnolia,
Texas. 90 mile*; total. Aug. ’87, 940
In progress. The road was opened
Miles
of
Road.
Date
Size, or
of
Par
Bonds Value,
1862
17
1881
1883
18S7
955
251
1886
1886
1881
1836
1885
1880
85
135
135
1886
1876
1876
955
940
144
161
50
..
.
Outstanding
....
1,000
485,000
1,000,000
500,000
100
10,428,400
1,000
1,000
12.389.000
9,529,000
84
100
145
364
63
55
....
1,400,000
500,<00
1,000
1,000
4,49^,000
1,000 000
1.000
370.000
1,620,000
1,080,000
1,000
1,000
....
1868
1876
1876
1876
1880
1879
1880
1879
1881
1884
1886
1886
^ 885
2,600,000
1,000
500 Ac,
1,316
293
293
293
253
Rate per
Cent.
$1,700,000
1,357,000
1.000
1,000
500 Ac.
100 Ac.
500 Ac.
500 Ac,
1,000
1,000
1,000
....
1,000
Bonds—Princi¬
....
7
6
6
5 g.
5
M. A N.
June 1
J. AD
N.Y.,Office 34NassauSt.
6 g.
6 g5 g.
4 g.
6 g.
7
6
7
7 g.
7
M. A N. N. Y, Central Trust Co
F. A A.
Mercantile Trust Co.
A. A O. New York or Loudon.
11,845,900
9,768.400
3 ifl
4,500,000
6 a:.
7,144,500
6 g.
500,000
6 g.
2,766.500
6 g.
2,400,000
7 g.
651,000
6 g.
1,090,000
6
1,224,000
6
2,000,000
12,739,000 5 A 6 g.
6 g.
349,000
744,000
835,000
6 g.
6 g.
1.000
475,000
6
miles. Branches aud extensions are
in 1883. The road in Texas was
New York,
whowere
became
Srincipal
ow ners
Mr. the
stock isof$1,000.<
00 au¬
Johnpurchasers.
I. Blair andThe
the estate
Moses Taylor
l
thorized and $452,000 issued. Gross earnings in 1885, $106,969;
operating expem-es, $216,049; deficit. $109,081. Gross earnings in ’86
were $121.3« 7; net, $20,130; surplus over iutcrest, $4,23o.
John I.
Blair, President.
Northwestern.—Owns from Keokuk.
leased Keokuk to Mt. Pleasant, 49 miles;
and u.-es Wabas i tracks from St. Peter’s,Mo., to St. Louis, Mo., 31 miles;
total operated, 215 miles. The Miss. Val. A Western RR. wTas sold April
14, 1875, and thits company organized July 1. 1875. S:ock, $2,700,000,
of which $1,35o,000 is preferred. A foreclosure suit w as again begun
111 June, 1887. Gross earnings in 18*:"*, $5*5,247: liet income, $82,441;
payments (no interest paid). $116,984; deficit, $34,543. W. W. Bald¬
win, Pres’t, Burlington, In. (V. 44, 782.)
St. Louis A; San Francisco.— (See map.)—Line of Road—'This is
m considerable system of railroads, forming part of a through route to the
Pacific coast. The main line is from St. Louis, Mo., to Seneca, 326 miles;
brandies—Granby branch, 2 miles; Oronogo, Mo., to Galena, is miles;
Girard to Joplin, Kan 38 miles; Carbon Branch. 3 miles; Pierce City
to Halstead. Kan., 242 in.: Monett. Mo., to Pai is, Tex.. 301 m.; Springti’ii
to Chadwick. Mo., 35 in.; Springfield to Bolivar. Mo.. 39 m.; CubaJuuct’n
to Salem and branches, 54 m.; total owned, 929 miles; leased. Beau¬
mont to Buiff City, Kan., 105 miles; total. 1,204 miles; the tracks of
the Atchison Topeka A Santa Fe are used from Wichita to Halstead, Kan¬
sas, 25 miles.
This company also operates the finished portion of the
Atlantic A Pacific road. Central Division, from Seneca. Mo., to Sapulpa,
in the Indian Territory, 112 miles; total operated, 1,316 miles.
pal,^When Due.
Payable, and by
Whom.
j(l,000
Hap.)—Road from Birds
Where
When
Payable
1,000
posited negotiable certificates are issued, and designated as
trust certificates.” The first mortgages of the companies in Mo. A Ark.
and in Texas are deposited w ith the t entral Trust Co.; the 2d morts. of
both divisions are deposited with the Mercantile Trust Co., and each of
these trust companies has issued agaiust these mortgages so held its
coupou trust certificates for $1,000 each, entitling the holder of each
class to the security of the mortgages on both the Mo. & Ark. and the
Texas divisions. Tliese are the certificates dealt in at the Stuck Ex¬
change. In 1*85 gross earnings were $1,300,828; net, $67,644. In
*86 gross earns.were $1,829,058; net, $34o,67o.
(V. 49, p. 50. 103, 275,
459,488,608; V. 44, p. 91, 149, 459, 654, 681, 80-<; V. 45, p. 85, 211.)
St. Louis A: Cairo.—Tliisroad extends from Cairo to East St. Louis,
152 miles, wit h a brunch to High Prairie, 9 miles. The former Cairo A
St. Louis made default April 1, 1874, and w as sold in foreclosure July,
1881. Stock is $6,500,000. In Jan., 1886, a lease wTas negotiated for
45 years to the Mobile Sr Ohio RR. on the basis of a rental or 25 per
cent (:5064o) of the gross revenue of the whole liue, MoMle to St.
Louis, this rental being guaranteed by the lessee to amount to $165,000
per year. The issue of $2,6(>0,000 income bonds w as to be retired with
part of the $4,000,000 mortg. bonds, which are guaranteed by the M. & O.
St. Louih Sc Chicago.—Owns from Springfield to Litchfield, Ill., 50
miles: to t e exit tided in 18S7 to Pekin, Id., io a junction with the now
Atchison line, w it it w hich line it will work in close harmony. From
Litchfield to St. Louis ttains run over the C. C. C.A L hacks under a
traflie agreement. The road is reported as costing $14,000 per mile,
while the bon is aio issued at $10,000 per mile. F. C. Hollins & Co.,
N. Y., negotiated t he bonds.
St. Louis Fort Scott Sc Wichita.- (See Hap. of Ho. Vac )—From
Fort Scott to Ant bony, Kan.. 244 iniU-s; Ciltiilan Spur, 2 in.; Eldorado to
McPherson. Kan., 62 in.; total, 306 miles. Stock, $6,614,88.1. Gross
warnings in 1885, $663,051; net,$152,282: def. under int., Ac., $84,459.
Gross in le»t>. $783,033 ; net. $1~8,927; def. under int.. $152,889. See
Statement in Mo. Pac report, V. 44, p. 400. Road sold May 23, ’87, and
bought in the interot of Missouri Pacific. (V. 43, p. 459, 635; V. 44, p.
149, 400, 527. 714; V. 45. p. *5.)
St. Louis Sc Hannibal.—Owns from Hannibal, Mo., to Gilmore, on
Wabash St. Louis A Pacific, 82 miles; uses 2*2 miles Missouri Pacitie
track; total operated, 84^ miles. This company is successor to the
former St. Louis Han A Keokuk, sold in foreclosure Dee. 8. 1885.
The
Amount
$500Ac,
the
de¬
“stock
,
discovered In these Tables.
by giving Immediate notice ot any error
foreclosed December 1, 1885. The Missouri A Arkansas Division was
gold on Feb. 27, 1886. The present organization, widen was formed in
1886 after the foreclosure of the Texas A St. Louis, consists of two
corporations, the one owning the road in Missouri and Arkansas and
the other the road iu Texas.
By the laws of Texas, railroads within
that 8tate cannot be consolidated with other roads outside the Spate,
therefore it was provided that the Co. in Mo. and Ark. should issue its
stock to the Co. in Texas, and the latter Co. should issue its own certifi¬
cates for such stock.
The new companies issue six per cent 50-.vear first mortgage bonds
to amount of $13,000 per mile; six per cent 50-year second mortgage
bonds, $13,0' 0 per mile; and stock $13,000 per mile. Bonds and stock
on future exteusioi s authotized at the same rate.
The stock issued by
the Missouri and Arkansas Company was transferred to the Texas Com¬
pany, which latter has issued its own stock for the same.
Till 1891
control of the entiie 1 oad is to be vested m the committee, aud for this
purpose the sti ck is deposited w ith a trust company. For stock so
St. Louis Keokuk Sc
Ia., to 8t. Peters, 135 miles;
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
98
k.
do
do
do
do
do"
do
....
Stocks—Last
Dividend.
1894
Jan. 1, 1894
June 1, 1923
1917
1917
....
.
A
A
A. A
M. A
J. A
J. A
J. A
J.
J.
J N. Y., Farmers’ L. A Tr.
New Y ork.
J.
O. New York, Moran Bros.
N.
Mercantile Trust Co.
J.
J.
J.
May 1, 1936
Mav 1, 1936
1921
Jan. 1, 1931
July 1, 1915
Oct. 1, 1910
Nov. 1. 1910
1936
Jan. 1, 1906
Jan. 1, 1906
F. A A. N. Y., Office 15 Broad St Aug. 10, 1887
do
do
J. A J.
July, 1888
do
Nov. 1. 1906
do
M. A N.
M. A N.
do
Nov. 1, 1906
do
Nov. 1. 1906
do
do
M. A N.
do
June 1, 1895
do
J. A D.
do
do
Aug. 1. 1919
F. A A.
do
do
F. A A.
Aug., 1920
do
do
M. A S.
Sept., 1919
do
do
July 1 1931
J. A J.
do
A. AO.5 p.c.ea.
do
A. A O.
Jan. 1, 1916
do
do
J. A J
do
do
M. A H.
Sept. 1, 1916
do
do
A. A O.
April 1, 1910
Organization. Ac.—This company was organized Sept. 20, 1876, as
to the Atlantic A Pacific in Mo. The latter embraced the South
Pacific RR. (originally the Southwest Branch of the Pacific RR. of Mo.,
eharterod Dec. 25, 1852), w’hich was consolidated with the Atlantic &
Pacific road Oct. 25, 1870. The Atlautic A Pacific road and lands were
sold in foreclosure Sept. 8, 1876, and the St. Louis A Sau Francisco
became possessor of the property.
This company is jointly interested iu the Atlantic A Pacific RR. with
the Atcli. Top. A Santa Fo, and guarantees one-half the 1st mortgage
bonds severally, not jointly..
successor
1886, leiseufor99 years the Kansas City A Southwest¬
RR., from' Beaumont. Butler County, Kansas, to Calc,, in Cowley
County. 62 miles, at a rental guaranteed to pay the interest on the 1st
mortgage bonds. The boil is "re redeemable oil notice at 110. The stock
of iho St. L. K. AS VY. (Ark. City to Caldwell, Kan., 47 in.) is owned and
lir January,
ern
the bonds guaranteed.
In 1*86 the St. Louis Salem A
anil its bonds guaranteed.
Arkansas road, 55
mites,
was
acquired,
Bonds.—The first preferred stock has prior.right to 7 per
(iion-cumuKtive); then pref. entitled to 7. per cent; tlien common
entitled to 7; tnen all classes share iu any surplus.
The terms of
the preference ot the first preferred stock are stated in the'certificates
as follows:
‘This stock is entitled to a dividend of 7 per cent per
annum derived by the company from net revenues from all sources
each current year (remaining after the payment of 'interest upon all
liabilities) * * * and by resolution of the company has priority of lien
on m-t revenues for such dividend over any mortgage bond that iuay be
issued by the, company subsequent to the creation of this stock.”
“Net Revenue” in this clause is defined by the company as meaning net
re\ enue remaining after the payment of interest on all liabilities.
Dividends have been paid on first preferred stock in 1881 and since
Stocks and
Oeut
at 7 per cent per annum.
The range of the stocks
yearly since 1877 has been : First preferred in
1878(4 months), 5*2@11; in 1879, 9%@7812; in 1880. 60@100; In
1881, 900)115^; in 1882, 793»@ 106^; in 1883, 87@ 100*2; in 1884,
702)9642; in 18*5, 79@9982; in 1886, 972>11812; in 1837 to Sopt. 16, in¬
clusive, 111® 120.
Preferred stock in 1878, 14*25: in 1879, 4!e2)60i2; in 1880. 33®
65; in 1881, 55®8114; in 1882, 43@66*2; in 1883.40^59^; in 1*81,
24*2®50; in 1885. 30@497e; in 1886, 37^3>72^e; in 18*7 to Sept 16,
Inclusive, 6183@848n
Common iu 1878 (3 months;,
in 1879, 3!8@53; in 1880, 25*4
@48; in 1881, 39 2)55; iu 1882, 31 @4678; in 1883. 2012@3614; in 1834,
ll13@291fl: in 1885, 171a@241s; iu 1886, 172)3634; in 18*7 to Sept. 16,
inclusive, 30a44^.
The trust bonds of 1880 are secured by'deposit of 7 per cent
mortgage bonds of the auxiliary roads constructed.
The general
mortgage of 1881 (supplemented by that of June, 1882) for $30,000,000
is made to the U. S. Trust Co. as trustee, and $17,261.000 reserved
to take up all prior debt.
This general mot tgage is a lirst lien on new
road, besides covering the mileage on which are t lie prior liens, and
$5,0o0,( 00 of 5. per cents issued unuer this mortgage iu 1886 were for
the construction of 1*5 miles road~j including the line from Fort Smith,
Ark., to Jexas.
The St. L. Kan A So.Western bonds are issued at $15,000 per mile, and
are redeemable at 110 on any interest day, at four week^’ notice.
The Fort Smith A Van Buren Bridge bonds are guaranteed by the 8t.
L. A S. F. Co., and have a sinking fund of 5 per ceut yearly after 1839
to purchase the bonds at 105; they are redeemable also at 110 at co.’s
option. The laud department assets w’ero estimated Dec. 31, 1886, at
$; 71,531, including 13*,756 acr«*s of land valued at $3‘ 6,601, 1,263
town lots valued at $35,890, $256,447 in land contracts and $120,
591 cash.
Operations, Finances, Ac.—The St. Louis A Sau Francisco lias been
one of the successful reorganized railroads of tlio Southw est, and has
made good progress in tratiic aud income, without very heavily increas¬
ing its annual interest charges.
The annual report for 1886 was in V. 44, p. 619, 622.
INCOME
ACCOUNT.
'
1883.
Receipts
Gross
-
earnings
Net earn in ars
Other
1**4.
$
receipts
$_
18*6.
1885.
3,896,565
4,643,596
2,073.437
2 r,:-.70
2,508,218
4,383,103
2,433,6 2
14,83*
19,7 82
°
$
4,874,628
2,652.332
.
159,619
Total net income
Disbursements—
Int.. siek. fd. A i cuts
Divs. on lsr pf stock.
Rate, of dividends..
Miscellaneous
2,097,813
2,523,054
2,453,:44
2.811,951
1,343,436
315,000
1,826,203
1,751,215
315,000
1,950,323
315,000
11,004
242
315,000
7
4,732
Total disbnrsem’ts
Balance, surplus...
1.669,140
428,373
2,141,445
—(V.
43 p.
■
7
24, 571. 579. 608;
45, p. 54.i
3*1,609
2.070.947
38 v,497
7
5,974
2,371,297
510,654
V. 44, p. 201, 43\ 459, 466, 551, 604,
619, 622, 654; V.
st. Lout*
Southern.—Owns read from Pinckneyville. Ill.,toCar-
boudale, Ill., 33 miles, and leases Carbondale A Shawneetown road to
Marion, 17 4 miles; total operated, 508j miles.
This comp my was
organized Aug. 3, 1886, as successor to several others foreclosed.
On
BONDS
RSAATILONCKDD
S1e8pt7m.ber,
INVESTOKS’
100
Subscribers will
SUPPLEMENT.
by giving immediate
confer a great favor
[Vol. XLV.
notice of any error discovered in tliese
INTEREST OR
DESCRIPTION.
For
explanation of column
184-56
first page
on
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
headings, &c., see notes
of tables.
Francisco—(Concluded)
St. Louis & Sail
St. L >uis Salem & Arkansas—1st
St. Louis Southern—1st ruortg.,
mort., guar...
gold
33
33
158
158
225
Haute—IstM. s. f. guar.;
St. Louis Vandalia <£ Terre
2d mort., sink, fund ($1,600,000
St. Paul &
guar.)
Duluth—Preferred 7 p. c. stock & scrip.;
225
169
Amount
Rate per
Outstanding
Cent.
550,000
525,000
1,000
1,000
1,000
1,000
218 m.;
21
Taylor’s Falls & Lake Sup., 1st mort., cp.,guar—|
25
Duluth Short Line, 1st mort., coup., guar
| 1,890
St. Paul Minneapolis <£• Manitoba—Stock
| 76
2d M., and 1st on road from St. Paul to Watab
i 656
656
473
Consoi mort..gold ($13,344,000 are (>s). cp.
1st mort., gold. Montana Div., coun. or reg
or rcg. 2,082
2e0
|
gold,guar.($3,000,000;!
authorized)i
($10,000,006)
Minneap. Un. RR.. 1st M.,
St. Pauld■ \o.Pac.—Stock ($10,000,00- *
Gen. M., gold, Id. gr., coup, or reg.
Western Rk., Minn., 1st mortgage, RR
3.52
152
60^2
150
134.
116
116
30
286
58
525
60
14
1st mort., gold
le ieem at 110i
San Antonio <6 Aransas Pass1st mort.. gold ($12,000 per mile),
Newark—Re-organized stock
Western — 1st m , $15,000 p. m.
Sandusky Mansfield &
1st mortgage, new
Savannah Dublin <£
Savannah Florida <£• West. -At. & G. consol, mort..
South Georgia & Florida, 1st and 2d mortgages...
Sav. Fla. & W., 1st mortgage
Savannah Griffin £ N.Ala.—1st mortgage.
Duanesburg—1st M., guar. D. &
Schenectady
H
.
'
19
1,000
1886
1,000
1862
1879
1879
1880
1883
1887
1882
1,000
1.000
1,000
1,000
1,000
l.OOO&c
1,000
1,000
1,000
1,060
1,000
50
i860
1886
1867
1869
1884
1871
1874
-
-
-
-
*2
&
&
&
&
&
&
lbi
1,000
....
500 etc.
1,000
1,000
1,000
100«fcc.
50
6 g»
7
6 g.
6
3
7
450.000
6
1,780,500
664,000
2,188,000
7
7
6
7
6
212
500.000
500,000
576,050
m
F.
M.
,T.
J.
|j.
do
do
& A.
do
do
& N.
& J. N.Y.,S.M.Swenson&Son
do
A J.
Moss N. Bk.,Sand’ky,0.
& J. N. Y.. Union Trust Co.
Minn., 155 miles;
branch to Knife Falls, 6 miles;
is
25
guaranteed.
made Jan. 1,1875,
organized
Important propositions were voted on at annual meeting June 20.
\See V. 44, p. 809.) A dividend of 3 per c* lit in cash and 15 per ceut
in common siock was paid on common stock in July, 1887.
The company has a land grant, of which 1,151.495 acres remained un¬
sold Dec. 31, 1886, and 69,680 acres of the Taylor’s Falls Branch.
In
’86 land and stumpage sales amounted to $163,057, and def’d payments
(land accounts) Dec. 31, 1886, were $314,001. Gross earnings and
railroad only, after deducting a 1 fixed charges, were as
below, but in 1886 $568,315 and in 18->5 $167,186 for ‘ improve¬
ments ” and “ betterments” was charged in oper. expenses, while m prior
net income on
years
improve’ts had been charged to ’‘cost
Gross earns.
A summary
Netinc’me I
of road
and equipment.”
Gross earns. Netmc’me.
$732,630
$50,249 | 1884
261,246 I 1885
1,109,840
1,328,527
271,186 | 1886
of the report for the year ending
$1,317,314 $398,091
1,381,212
328,610
1,558,085 def. 14.529
June 30, 1887, was in V.
$975,359.
45, p. 341, showing total net receipts, including land sales,
—(V. 44. p. 621, 682, 714, 717, 753, 809; V. 45. p. 85, 143, 341.)
St. Paul Minneapolis Sc Manitoba—(See .Wap).—Owns from St.
Paul to Emerson. 392 miles; Minneapolis to Gretna via Breckinridge,
413 m.;
Minneapolis to Hinckley via St.
Cloud, 132 in.; St. Cloud to
Willmar, 5* m.; Elk River to Milaea, 32 m.; Devil’s Lake to Minot,
117 m.; ( undo Branch, 16 m.; Bollern an Branch, 38 m.; Sauk Centre
to Eagle Bend, 36 miles; Fergus Falls to Pelican Rapids, 23 miles;
Crookston to Devil’s Lake, 114 miles; Shirley to St. Hilaire, 21 miles;
Wayzata to Spring Park, 6 miles; Morris to Brown’s Valley, 47 miles;
Breckenridtre to Park River, 168 miles; Everest to Portland. 47 miles;
Ripon to Hope. 30 miles; Moorhead to Halstad, 34 miles; total oper¬
ated, 1,890 miles.
1897
July' 5, 1887
1, 1931
Aug.
1, 1894
Sept. 1, 1918
Aug. 1, 1887
July, 1892
Jan.
1909
Oct. 1, 1909
Nov. 1, 1910
l, 1933
1937
July 1, 1922
April, 1887
July
June 1,
1, 1923
Feb.
1, 1907
1916
May
1,
Jan.
1886-37*
8,256,868
7,776,164 7,321,736
4,327,478
4,266,237 3,483,084
13 L.292
350,114
8,028,448
3,713,553
1884-85.
earnings
$
418,270
214,434
4,960,182
$
1,949,690
1,600,000
51 1.147
4,613,782
$
6^
131,292
$
$
1,300,000 1,200,000
418,270
415,782
4.463,813 4,004,314
1,980.200 1,999,820
8
$
171.116
66,284
2,170.409
1,206,000
6
6
415,782
350,114
*
381,545
Total disbursements.. 4,349,505
610,677
Balance, surplus
*
Fund for renewals, Ac.-(V. 44, p. 402. 681; V. 45 p. 55, 240,,
225 miles.
the road is owned jointly with the Northern Pacific.
The Duluth Short Line road fxom Thomson to Duluth,
miles,
leased to the St. Paul & Duluth, an t the bonds of $500,000
This was the Lake Superior Si Mississippi RR., opened August 1,
1870, and leased to the Northern Pacific. Default was
and road sold in foreclosure May 1, 1877, and this company
June 27. The preferred stock is received in payment for lands at par.
Three shares of common stock have one vote and each share of pre¬
ferred has one vote. Preferred stock has a prior right to 7 per cent;
then common to receive 6 per cent from net earnings.
Jan. 1.
May 1, 1898
July 5, 1887
1885-86.
$
Miscellaneous
leased: Stillwater Si
1, 1937
Sept. 1. 1931
Sept. 1, 1931
Jan.
For 1886-87 earnings were:
1883-84.
$ -
bulking fund (land sales).
13 miles; Minneapolis & Duluth RR., 13 miles; Taylor’s
Superior, 21 miles; Grantsburg Branch, 17 miles; total,
Between Northern Pacific Junction and Duluth, 24 miles,
Dividend.
INCOME ACCOUNT.
Dividends
Rate of dividend
deficiencies made up by the lessees. In 1884-85 gross earnings
$1,372,648 ; net, $450,963. In 1885-6, gross, $1,478,330; net,
$467,186. Thos. I) Messier, Pres., Pittsburg, Pa. (V. 44, p. 91, 148,
714 ;V. 45 p. 45. 85. 113.)
St. Paul*; Duluth.—Line of Road.—St Paul, Minn.,to Duluth,
do
•
N.Y., Winslow, L. & Co.
Stocks— Last
July 1, 1926
Feb. 1, 1886
Jam, 1909
Jan. 1, 1916
Philadelphia, Pa.
!J. & J.
July, 1897
ij. & J. N.YT.,H.B.Plant,ASavan
May 1, 1899
do
do
M. & N.
April 1, 1934
do
do
A.
O.
J. & J. Savannah, Cent. RR.Bk July 1. 1891
M. & 8.-Del. & Hud. Canal Co. Sent. 1, 1924
July 13. 1887
J. A J.
Philadelphia, Office.
Total income
Disb urse m ents—
Interest on debt
were
do
J.
Q-J
Net earnings
Revenue from Land Dep’t
Other receipts
and for
N.Y., 40 Wall St.
do
do
J.
J. New York and London.
do
do
O.
N. Y., 40 Wall St.
N.
do
do
J.
do •
do
D.
ends June 30.
The fiscal year
Gross
m
&
&
&
&
&
&
&
a
St. Paul RR.,
Falls Si Lake
Whom.
Q-—F.
7
7 g.
6 g.
6 g.
366,000
5,000,000
6,000,000
438,000
1,750,000
1,698,000
1,068,832
2,300,000
100
10
Dec. 1, If-86, made a lease for 980 years to the St. Louis Alt. & T. II., at I
rental of 30 per cent gross earnings, and a guarantee of interest on j
1st mortgage bonds.
St. Louis Vandalia Sc Terre Haute.—Owns from East St.
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Haute A Indianapolis Railroad at a rental
of 30 per cent of gross earnings. In July, 1887, suit was brought by
For
Penn. RR., owner of a majority of the stock, to annul the lease.
the year ending October 31,1886, rental was $44 3,499, and charges were
$370,691, leaving a surplus of $72,*08. In operating this road the loss
to lessee has been in 1882-83, $115,399; in 1883-84, $71,549; in
profit $39,169; in 1885-6 profit $23,687. The annual report for
was published in the Chronicle, V. 44, p. 148. The first mort.
and $1,000,000 of second mort. bonds are guar, by the lessees and also
by the Pittsb. Cin. & St. L. RR. The stock is $2,379,358 common and
$1,544,700 pref. The pret. was issued for income bonds ($1,000,000)
Schuylkill Valley—Stock
J.
M.
M.
J.
M.
J.
J.
J.
4,991.000
A.
8,000,000
M.
5,376,000
21.444,000 4*2 & 6 g. J.
4 K. J.
7,000,000
6 g. J.
2.150,000
100 &e.
J
1
20,000,000
100
1883
1877
1885
1886
pal, When Dne.
Payable, and by
Payable
m
1881
1884
Where
When
Tables.
Bonds—Princi¬
J.
8. N.Y. St. L. A. & T. H. Co.
do
do
S.
J. N. Y., Central Trust Co.
1,899,000
N. Y., Third Nat. Bk.
N.
2,600,000
J. N. Y., Fourth Nat. Bk.
3*2
5.376,970
do
do
6,000,000 3 & 15 st
F. & A. N.Y-., Central Trust Co.
5
1,000,000
do
do
J. & J.
6
210,000
do
do
M. & S.
5
500,000
5
4 S
5
7
7
$810,000
$.---
1887
1886
18-6
1867
1868
DIVIDENDS,
,
3,411,492 3,549,934
454,380
1,052,321
600,000
3,740,723
257,591
257, 342.)
Pacific.—Line of road Bralnerd to Minne apoli8, 139 miles, and branches to St. Paul, 10 miles; total, 149 miles.
This company was incorporated in 1874 as the Western
RR. Co.
St. Paul Sc Northern
of Minnesota;
from Sauk Rapids to
Minneapolis was completed J
illy
l, 18*4, and from Minneapolis to St. Paul, February 1, 1886
The
terminal improvements at Minneapolis are on 20 acres in the business
centre of the city, and for similar purposes in and about Minneapolis
St. Paul, a total of 400 acres is owned.
The land grant of the company
and
is located along the line of the road between Brainerd and Sauk Rapids,
and about 210,000 acres remain unsold.
The land proceeds are first
applicable to redemprioa of West. Minn, bonds, and then to the redemp¬
tion of the Gen. Mort. bonds, if obtainable at 120. The road, with itsterminal property, is leased for 999 years to the Northern Pae. at a uet
rental equal to 40 p. c. of the gross receipts, but the bonds are guaran¬
teed principal and interest. The stock is placed in trust with Farmers*
L. & T Co., the power to vote
hut ‘‘beneficial certificates”
The general mortgage is for
bv the lease to that amount),
being held by Northern Pacitie Company;
entitling holders to dividends are issued.
$10,000,000 (the total dele being limited
and is a first lien on the whole property,
excepting that it is second to the Western Minn, mortgage on 60miles
and on part of the lands : the registered interest is payable quarterly—
February, May, Aug. and Nov.; only $6,000,000 have yet been is>.iod,
and a suilicient amount of the issue is reserved to retire the Western
Minnesota bonds in above table.
Since 1877 regular cash dividends
have been paid, averaging over 6 per cent per annum.
(V. 44, p. 22,90.)
San Antonio Sc Aransas Pass.—Road extends from San Antonio
to Aransas Bay, Texas, 150 miles, and Gregory to Corpus Christi, 13
Kenedy to Cuero, 43 m.; San Antonio to Boerue, 32 m.—total
completed. 238 miles. Extensions are in progress.
The mortgage tirst given above covers the 1 >0 miles from San Anlouio
to Arans is Bay.
The bonds after that are Issued at $12,"00 per mile on
m-w road completed.
The Farmers’ L. & Tr. Co., of N. Y., is ti ust^e of
both mortgages.
Abstract of 1st mort. iu V. 45, p. 372. Capital stock *
issued, $2,617,200. In the thirteen mouths to March 1, 1887. on an
average of 7 8 miles, gross earnings were $205,183 ; net, $11 6,968; sur¬
plus over interest, $oo.*3 <. U. Lott, Pres’t and. Gen’l Manager. (V. 14,
p. 495, 751. 809; V. 45. n. 372.) Sandusky Mansfield Sc Newark.—Owns from Sandusky, O.. to
Newark, O., 116 miles.
A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
& Ohio, and new lease made February 23, 1880, extending to December
1,1926, with option to the Balt. <fc Ohio Company to renew for terms
of 20 years each. Rental was $194,350 yearly till 1884; $199,350
in 1884 and 1885; now $201,850 annually.
It is operated as Lake
organized May 23, 1879, under the charter Erie division of the Baltimore & Ohio system. In 1885 86, gross
Railroad, and embraced the St. Paul & Pacific $1,013,014; net. $ iO ‘,711; in 1884-85, gross, $817,785; net, $119,919.
Railroad, the First Division of the St. Paul & Pacific Railroad, the Red i
Savannah Dublin Sc Western.—Road in progress from savan¬
River Valley Railroad, and the Red River Si Manitoba Railroad. The j nah to Americas, 6a,, an i branch to Macon. 253 miles. Stock, $2,000,company had a land grant of 3.848,000 acres. The proceeds of land 000. $l.>,ooo per mile. A. B. Linderman, Philadelphia, President.
sales are reserved by the first mortgage trustees as a sinking fund for {
Savannah Florida A: Western.—Owns from Savannah, i.a,, to
the redemption of the bonds at or under 105 and interest, and bonds- Chattahoochee, Fla., 258 miles; branches—Bainbridge Junction to Bainare called in yearly so far as the funds are in hand.
The second mort¬ bridge, 9 miles; extension to Savannah wharves, 170 miles; Junction
gage bonds do not cover the land.
The land sales for year ending June Branch, 4 miles; Dupont to Gainesville, 118 miles; Thomasviile to
30, 18b0. were 68,560 acres, for $363,467. The net amount due on laud Albany, 58 miles; Wayeross to Jacksonville, 75 miles; Fort White,
contracts June 30. 1886, was$5il,i21; lands unsold, 2,289,420 acres. Fla., to Like City, Fla, 20 miles; total, 545 miles.
was a
The Dakota Extension bonds are issued at $12,000 per mile.
The consolidation in 1865 of the Savannah Albany & This
Gulf Rail¬
authorized amount of consolidated mortgage bonds is $50,Oi >0,000, of road and the Atlantic & Gulf under the latter name.
The Atlan¬
which $19,426,000 were reserved to pay prior liens, and the balance
tic Si Gulf road was sold in foreclosure of the second mortgage
may be issued for new road at $15,000 per mile single track or $27,000 on November 4, 1879, subject to the consolidated mortgage and
per mile double track. The Minneapolis Union RR. is a short line through other prior liens amounting* to about $2,465,000.
The present com¬
Minneapolis for passenger service including stations and bridge over pany lias a capital stock of $5,340,300, which is held in very few
the Miss River, and its stock of $1,000,000 is held in trust and is covered hands and dividends are paid as earned; in March, 1886, 3^ percent
by the lien of tile 8t. P. M. A M. consol, mortgage: The above issue of
paid; in March, 18s7, 2 percent. Theearnings in 1885 were $2,4 61,613
$7,000.* co tifty-year 4 per cent bonds v ere issued for the extension gross and $468,799
net ; fixed charges, $300,279; surplus, $164,356.
from Dakota to threat Falls, Montana, about 43o miles, md an addi¬
In 1886 gross earnings, $2,557,817; net, $434,741; surplus over inter¬
tional amount for further extensions at rate of $.5,000 a mile for
est. etc., $96,489.
H. B. Plant, Pres., New York. (V. 43, p, 635: V. 41,
main track and $15,000 for second track. The bonds are limited to I
Tins
company
was
of the St. Paul Sc Pacific
$25,00n jn-r
mile on road and equipment, and
tin* mortgage is for an
authorized amount of $25,090,000 to provide for future extensions and
branches. (See abstract of mortgage in V. 45, n. 342.) An article on
the report of 1886-87 was in V. 45, p. 257.
344.)
j p. Savannah
j
Griffin
Sc
Gridin,
with Central
Nortli Alabama.- Owns from
Ga., to Carrollton, 6a,, 60 miles. Operated in connection
Railroad of Georgia. Capital stock, $1,011,245. In 1885-86
gross earn-
September, 1887.]
RAILROAD STOCKS
AND BONDS.
101
Subscribers will confer a
great favor by
DESCRIPTION.
of column headings, &c., see
on first page of tables.
giving immediate notice of any error
notes
98
98
124
fund $13,000 per year).
mortgage (sinking fund, $5,000 per year)
Consol, mortgage
Equipment bonds
Seaboard d Roanoke—Stock ($244,800 is pref.)
Mortgage for $2.500,000
Seattle Lake S. d East.—1st M.,g., $25,000 per m..
ghamoki Sutibury d Leicisburg—1st mort., coup.
2d mortgage
{
Bkamokin Valley d Pottsville—Stock
j
1st mortgage, gold, on road and lands..
j
Shenandoah Valley— 1st m (Hag. to Waynesbo.)
j
Sheffield d Birmingham—1st M., g. ($15,000 p. m.);
2d mort. ($ 0,000 per mile)
40
31
29
28
144
90
90
254
254
registered, non cum..
57
Shenango d Alleghany— 1st mortgage....
West Pennsylvania & Shenango, 1st mortgage...
Shore Luxe < Conn.) -Stock
j
j
Shreveport d Houston—1st, g.. guar, by H. E. Ac W. T.;
Silver Springs Ocala d Gulf— 1st M, g.($ 13,000 p.m.)!
1st mortgage
Income
mortgage bonds (not
;
:
|
cumulative)...
j
,
}
South Florida- 1st mort. ($12,000 per mile)
So. d No. Alabama—1st M., endorsed by Alabama.;
Sterling mort., s. fund, guar, by L. Ac N
.1
2d mortgage bonds (owned by L. Ac N.)
!
ngs
$62,518; deficit, $8,083.
—(V. 45, p. 54.)
50
50
40
25
247
247
247
247
247
132
181
183
183
or
Par
Value.
$500&c.
1,000
1,000
1876
1879
1880
100
80
.
Somerset—1st mortgage, gold
South Carolina—Stock
1st mortgage, sterling loan
1st consol mortgage (for $5,000,000)
2d consol, mortgage
Size,
Date
Miles
of
of
Road. Bonds
Bcioto Valley— 1st mort. (s.
General mort., gold
3d mortgage income bonds,
Car trusc certificates
1886
1886
1882
1884
1,000
1,000
1,000
50
1871
1880
1886
1886
1881
1883
500 &c.
1869
1882
500 Ac.
1,000
1,000
1,000
1,000
1,000
were
1868
1881
1881
1881
18*5
1870
1873
18^0
100
100
Various
1,000
'
1,000
1,000
1,000
1,000
3,991,000
1,590,000
(20,109
1,200.000
discovered In these Tables.
Bonds—Prino 1-
$6,244.
$6-3,231; deficit under oper
the stock. Gross earnings for 1885, $ >22.227 ; net,
earnings for 1886, $381,612; net, $216,984. Geo.
oal, Iron Ac Railroad Co.—(See
Hoad about completed between Slietlield and Birmingham, Ala¬
90 miles. In Sept, 1887, Sheffield Ac Birmingham Railroad was
Tennessee Coal Ac Iron Co. The
new company' o .vns the railroad, 70,000 acres of coal an l iron lands in
Alabama and 60 acres of land in Sheffield. Five blast furnaces are in
•course of construct on, having a capacity of 140 tons daily.
New York
consolidated with the A’a mma
& J.
& 0.
& J.
&
&
&
Ac
&
&
F. &
J. &
J. &
J. Ac
T. &
A. Ac
Feb.
N.
N.
g.
g.
Stocks—Last
Dividend.
July/34.&Jan.’85,c8.b’t Jau. 1, 1896
April 1, 1894
Last paid April, 1884.
Last paid July, 1884.
July 1. 1910
N.Y., Winslow, L. & Co.
Balt.,Farm.& Plant. Bk. May 15, 1887
J.
g.
6
6
8 g.
6 g.
6
1,572,000
Whom.
Payable
J.
A.
J.
M.
M.
J.
F.
M.
F.
pal.When Due.
Payable, and by
g.
g-
44
4,204,160
149,036
4,717,000
1,130,000
2,538.000
Where
g.
g.
g.
g.
6
6
7
5
5
6
6
When
New York.
J.
A. N. Y. Agency, 23 Broad.
N. Phila., Phil. Ac Read.RR.
do
do
A.
A. Philadelphia,Treasurer.
do
do
J.
Last paid Jan., 1885.
J.
J. N. Y. Office, 10 Wall.
do
do
J.
Last paid Oct., 1884.
O.
None paid.
1
None paid,
A. & (V N.Y., N.Bk. of Com’ree.
J Phila., Fid. Ins.& l'r.Co.
J.
J. Ac J. N. H., Nat. N. H. Bank.
do
do
M. & H.
New York.
J. & J.
N. Y., Agency.
J.
J.
J. & J.
g.
7
6
4
450,000
2,000,000
President, Pliila.
Sheffield Ac Ilirniiiigliani C
bama,
i?)
1,000
cent per annum on
Map.)
500,000
869,450
2,000,000
2,270,000
1,350,000
391,000
4.620,110
$188,375;
Gross
1,000,000
£200
Seaboard Ac Roanoke.-Owns from Portsmouth, Va., to Weldon,
N. C.. 80 miles. Of the stock, $1,058,700 is common, $200,000 is 1st 7
per cent guar., and $44,200 is 2d guar. Net earnings 1885-86,
1886-87, $273,550; surplus over dividends and interest, $10L,653.
J. M. Robinson. Pres., Balt., Md.
Seattle Lake Shore Ac Eastern.—New road in progress from
Seattle on Puget Sound to Walla Walla. 244 miles, of which 43 miles,
Seattle to Squak, is completed. Bonds are coup, orreg. V, 43. p. 184,191.
Shamokln Suiibury Ac Lewisburg.—Line from Shamokin to
West Milton Pa., with iron bridge over Susquehanna River at Sunbury,
31 miles; Felton to Boulder Creek. Col., 7m. The road was built by
Philadelphia Ac Reading, and opened in 1883 for its coal trallie north¬
ward. Stock. $1,000,000
Shamokln Valley Ac Pottsvll’le.—Line of road; Sunbury, Pa., to
Mt. Carmel, Pa., 27 miles; branch tc Lancaster Colliery, 2 miles total 29
miles. The road was leased Februaiy 27, 1863, to the Northern Central
Railway' Company, with a guarantee of interest on the bonds and 6 per
B. Roberts.
82,000
1,302,800
500,000
1,000,0 0
7
7
7
7
5
5
6
5
6
3
7
7
6
6
6
6
m
ating expenses, $9,321. In 1885,gross earnings were $546,286;
net, $91,441; rents, taxes paid, &<•., $31,998; applicable to interest,
$54,9 42. Stock is $2,093,350. Coupons of 1st in. due July 1 .’84, and Jan.
1/85, were bought by Lloyd, McKean & Co. A plan of funding interest
and placing all mortgage bondholders and holders of floating debt on
about the same footing was brought forward in the interest of Mr. C. P.
Huntington, who had a large judgment against the company, but was
resisted by the 1st mortgage bondholders, who organized a committee
to buy tin* road on foreclosure. J. L. Robertson, Chairman, 7 Nassau St.
Receiver (Jas. Robinson) was appointed in June, 1885, on a judgment
Of C. I’. Huntington for $639,305. Frank H. Davis, Pres., New York.
$63,318.
553.000
1,000,000
200,000
400,000
leased
earnings
283,000
100
1,000
Rate per
Cent.
$1,294,000
1,000
Schenectady Ac Duanesburg.—From Quaker Street Junction,
Schenectady, N. Y., 14 miles. Formerly Schenectady Ac Sup
quehanna Railroad, and was foreclosed in 1873 ; reorganized arid
In perpetuity to the Delaware Ac Hudson Canal Company. Lease rental,
$30,000 per year, paying 6 per cent on bonds. Stock, $100,500.
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa ,
11 miles; branches, 8; total, 19 miles. Leased to Pliila. & Reading RR.
from Sept. 1, 1861, at 5 per cent on stock. Has no bonded debt
Scioto Valley.—Owns from Columbus, O., to Petersburg, O., 131
In 1886 gross
Amount
Outstanding
400,000
1000&C.
1880
1881
1885
1871
In 1884-5, gross, $58,841; net,
N. Y., to
miles.
[You XLV.
INTEREST OR DIVIDENDS.
For explanation
2d
SUPPLEMENT
INVESTOKS’
102
London.
& J.
A. & 0. N.
J. & J.
Yearly.
J. & J.
J. & J.
M. & N.
! A. & O.
Y.,68 William street.
do
do
N. Y., 50
Exchange PI.
London, Baring Bros.
N. Y., 50 Exchange PI.
1926
Aug. 1, 1931
May 1, 1912
Feb. 1. 1924
Aug. 2, 1887
July, 1901
Jan. 1, 1903
1926
1926
Jan. 1,
Jau. 1,
April 1, 1921
Jan. 1, 1923
1889 Ac 1907
July 1, 1912
July 8, 1887
March, 1910
July 1, 1914
July i, 1915
July, 1891
Feb. 1, 1883
1887
Oct.
Jan.
Jan.
Jan.
Jan.
to 1888
1, 1920
1, 1931
1. 1931
1, 1915
1, 1890
May 1, 1903
1910
Capital stock, $1,500,000. There is a land grant of 4,000 acres per mile
which the mort gage also covers. The proceeds of land sales go to retire
the bonus at 110 and accrued interest. Tlios. C. Hoge, President, 56
Wall St.
Somerset.—Oakland, Me., to Anson, Me., 25 miles. Capital stock
B379.050. In September, 1883, the bondholders took possession and
reorganized the company. Gross earnings in 1885-86, $35,354; net,
$9,700. Gross in J 884-85. $ 30,860; net, $5,864.
South Carolina.—Owns from Charleston to Augusta, 8. C.. 137 m.,
branches t > Colnint.isr, 68 m., and to Camden, 38 in.; extension. 4 miles
total mam line and branches, 247 in. Default was made aud the road
sold in foreclosure July 28. ’81. and the company was reorganized.
There were on Dec. 31, 1886, $287,812 prior lien bonds, payable 1887
to 1892 in addition to those above.
The annual report for 1886 was In the Chronicle, V. 44, p. 807.
INCOME ACCOUNT.
1883.
'
$
Receipts—
Total gross earnings..
TotaLnet income
1884.
1885.
$
$
1886.
$
1,120,060
1,326,969
1,233,292
1,151,840
416,765
388,604
358,427
159,858
449.894
2.472
382,722
252
374,524
ft.O‘20
386,437
813
452,366
382,974
382, o4±
387,250
Disbursements—
Interest on debt
Miscellaneous.
Total disbursem’ts..
def. 5,601
sur. 5,630 def. 24.117 def. 227,392
Balance...
-(V. 44. p. 807.)
South Florida.—Owns from Sanford to Tampa. Fla., 115 miles;
Bartow Branch, 17 miles; operates Sanford to Oviedo, 17 miles, and
Pemberton Ferry Branch, 4 1 miles; total. 192 miles.
The road is
pa t of the Savannah Florida Ac Western system.
South Pacific Coast (Narrow-gauge).—Owns from Newark to
Junction (Felton), Cal , 45 m.; Campbell to New Almaden, Cal., 10 m.
leased—Alameda Point to Newark. 25 m.; Felton to Santa Cruz, 6 m.;
Felton to B eilder Creek, Cal., 7 miles; other branches. 5 m.; total, 98
m.
In March, 1887, it was reported that the ro id was sold to the
South. Pac. interest. Gross earni igs 1886, $870,157; net, $303,284.
....
-(V. 45, p. 113.)
South
...
Pennsylvania.-The line was in progress between Harrish.
Ac Pit-tab., 225 miles, making a western extension of the Pliila. Ac Read¬
In July, 183 Vit was agreed that the Vanderbilt interest
ing system.
should be transferred to the Pennsylvania Company, and that com¬
pany offered
to give the South Pennsylvania subscribers $6,500,000
bonds of the Bedford Ac Bridgeport RR., guaranteed by the Penna.
Railroad Co., bearing 3 per cent interest, in payment for the prop¬
erty. Other large parties joined with the Vanderbilt interest and the
negotiation was practically completed, when the Attorney-General of
Pennsylvania brought a suit to enjoin the transfer, ami this suit in
Oct., 1886, was decided by the Supreme Court of Pennsylvania against
Pennsylvania Company. Robt. H. Sayre, Pres. OlHce,
(V. 44. p. 23; V. 45, p. 85, 113, 143.)
Southern Central (N. Y.)— Owns from North Fair Haven, N.Y.,
office, 10 Wall Street,
to Pennsylvania State Liue, 114 miles.
Leases the Ithaca Auburn &
Shenandoah Valley.—From Hagerstown, Md., to Waynesboro and .Western, Freevillo to Auoura, 38 miles; State Line to Sayre, 2 miles.
thence to a connection with the Norfolk Ac Western road at Roanoke. Total operated, 154 miles. The Lehigh Valley leased this road from Jan.
238 miles and branches 17-milcs. A close contract for working and an
1, 1887, for 975 vea-s. without any guaranty of interest, and it is
exchange of stock for Norfolk Ac Western stock, also a contract with Penn. operated by the Pa. Ac N. Y. Canal Co. The consol. 5s are convertible
RR. for exchange of business was made in 18S3.
In June, 1887, the into stock at option of holders win n ten years, and $100,000 are held
plan of reorganization propost d was m V. 44, p. 782, by which the differ¬ in trust to retire $90,000 of 7 per cent prior bonds due m 1899. Six
ences bet ween bondholders were settled, and the road will be leased to
coupons from Aug. 1, 1886, inclusive were fun led into income bonds.
the Norfolk Ac Western. The stock is $3,696,200, of which $3,057,100 Capital stock pant in is $1,774,850.
In 1885-86, gross earnings wero
18 held by the Norfolk Ac Western RR. Co.
$467,068; net, $51,452; in 1884-85, gross, $454,237; def., $37,048.—
In March, 1885, Sydney F. Tyler was appointed receiver, and the
(V 44, p. 23.)
April. 1885, Interest was defaulted.
Southern Pacific COJIPANY,.—This corporation was organized
From Jan. 1 to July 31 in 1887 (7 mos.K gross earnings wero $167,Aug. 14,1884, under the laws of the State of Kentucky. It holds most
213, against $ 167,743 in 1886; net, $65,589 in 1887, against $30,112
of the stock of the Southern Pacific of California and the other railroads
In 1886.
with it to New Orleans, and leases each of those roads; also
In 1886 gro-s earnings wero $740,655; net, $79,276.
(V. 44, p. 23, connecting
has a lease of the Central Pacific for 99 years. The last report had the
150, 309, 495, 497, 680, 782 ; V. 45. p. 143.)
following statement of the total stock of each of the said companies
Shenango Ac Alleghany.—Owns from Greenville, to Hilliard. Pa., owned
by the Southern Pacific Co. Dec. 31, 1886, and the table also
47 miles; branches, 10 miles; total operated, 57 miles. Leases the West
shows the percentage of net profits of the whole system payable under
Pennsylvania Ac Shenango connecting road, extending from this line to
Bntler, 24 miles, under construction in 1883.
The company made the lease to the several lessor companies. .
P.c. of
Total stock
default in 1879, but the October coupons were paid Feb. 21.1880. Road
of company. profits.
Stock owned.
Name of corporation.
went into hands of receiver, and foreclosure begun in June, 1885, and
264
$44,039,100
$43,997,900
So. Pac. RR. Co. of California
road sold April 19, 1-87. 8toek, $200,000. Gross earnings in 1885,
12
19,995,000
19,995,000
So. Pac. RR. Co. of Arizona
$147,053; net, $48,858- Gross 1886, $150,072; net, $43,596. Tlios
4
6.888.800
6,688,800
Pac.
RR.
of
New
So.
Co.
Mexico
P. Fowler, receiver, N. Y. City.
(V. 44, p. 150, 527.)
221*
5,000,000
4,062,700
Mor. L. Ac Texas RR. Ac SS. Co
Shore Line (Conn.)—Line of road, New Haven, Conn., to New Gal. Harris. & San An. Ry. Co
104
27,085.100
26,278,400
74
London, Conn., 50 miles. Leased to New York Ac New Haven RR. Co. in Texas Ac New Orleans Ry. Co
5,000,000
5,000,000
34
3,360.000
3,360,000
perpetuity Nov. 1, 1870, at $100,000 net per annum. Chartered as New Louisiana Western RR. Co
Haven Ac New London RR.; sold in foreclosure and reorganized under
4,922,100
4.172,100
Mexican International RR. Co
Ions and
Dividends
34 in of
8resent
title
earnings
June 29,
are186-4.
included
in the reports
Jan.theand
lessee.
4 in July'. Opera-
Shreveport Ac Houston.—From Shreveport, La., to Loganspnrt,
La., 40 miles; connects with Houst< n East. Ac W. Texas road, forming
with that a narrow gauge line of 230 miles from Shreveport toHousion. E. L. Biemoud, President.
Silver Springs Ocala Ac Gulf,—This road is in progress from Sil¬
ver Springe, Fla., to Point Piueilos on Tampa Bay, about 150 miles;
tin; transfer to
Harrisburg.
New York Texas Ac Mexican
Total
Galv. Har. & San Ant..West.
Total stock and bonds
From Jan. 1
to July 31,
Di \\, 6s,
598.000
814.800
$114,152,900
$117,104,900
...»
....
1.119,000
$115,262,900
in 1837 (7 mos.), gross earnings on the
system (4.98 l miles) were $L9,33e,992. agaiust $17,475,563
(1,717 miles); net, r7,886.993, against $7,396,201.
whole
in 1886
BO1ND0Sf.t
RSAATILO.NCKDD
1Se8pthm7b.e]r,
by giving Immediate
Subscriber* will coufer a great favor
explanation of column headings, &c., see
on first page of tables.
Date ' Size, or
Par
:
of
notes, Road. Bonds
Value.
i
Miles
of
New bde.(for$10,000,000)!
South Pacific Coast—Stock
80
!
Bouth Pennsylvania—Stock (for $20,000,000)
,
1st mortgage (for $20,000,000)
Southern Gent. (N. ¥.)—Consol, mort. convertible . ; 114
Southern Pacific COMPANY— Stock ($100,000,009) 4,964
South. Pac. of Arizona—1st mort., gold,cp. or reg...1
384
1887
So.d No.Ala.-(ConVd)
1
■
1,000
i
\
;’79-’80
1877
■
6
24
13
All.
Spuyten Duyvil <£ Port Morris—Stock
Slate Line d* Sullivan—1st M., conv. (red’ble ai't.’88)
Staten Island—1st mortgage
Staten Island Rapid Tran.—1stm.t $ or £, cp.or reg.
2d mort. guar by B. A O. cp. or reg., gold
Incomes, gold (non cum.)
7%
income, guar.
Stockton <£ Co]>peropolis—lHt mort.. (guar, by C. P.)
Suburban Rapid Transit—Stock ($6,600,000)
Sterling Mountain (N. Y.)—1st mort.,
1st mortgage bonds
Summit Branch (Pa.)—Stock
1st mortgage bonds
45
mortgage
20
20
43
43
23
81
81
57
1st mortgage
Syracuse Binghamton & N. Y.—Stock
Consol, mortgage (guar. D. L. & W.)
Syracuse Geneva <& Corning—1st mortgage
2d mortgage
1,000
989,000
200,000
300,000
1,000,000
2,500,000
4,500,000
475,674
500,000
500
0)
4,125,000
1,185,000
1,189,000
1,350,000
500,000
1,000
500,000
1,000,000
50
1874
1878
1878
1876
1870
1875
1876
1875
1879
1,000
!
earnings of
to have
(fee., received,
$465,301; total. $14,309,218; dividends and interest on bonds, $8.7->4,810; rentals paid, $1,867,165; taxes, $888,t 23; interest on notes, Ac.,
$330,191; betterments and additions, $560,856; sinking fund, $1,196,771; payable to C. P. 1;R., $1,324,99-; miscellaneous, $27,941; total
deduction ($14,951,3^5, less $822,759 due from lessor properties under
lease, $14,128,590; surplus, $180,622. (V.43,p. 103,218, 335,460, 608,
636,746; V.44. p. 344, 4 35, 527,654, 782; V. 45, p. 113, 210, 273. 369.
Southern Pacific of Arizona,-This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The bonds consist of Series A $6,0 >0,000, due 1909, and Series B. $4,000,000, due 1910. Operated under lease
to Southern Pacific Co., the lessee paying all charges and also 12 per cent
of the net profits (if any) of the whole Southern Pacific system.
From January 1 to June 30 in 1887 (6 months),gross earnings were
$835,701, against $779,937 in 1886; net. $365,510, against $371,491.
In 1885 the gross earnings were $1,564,702, and surplus over all
charges $148,029. In 1886 gross earniugs were $1,525.221; net, $047,-
6 S6 g5
6 g.
F.
'A
Stocks—Last
Dividend.
50 Exchange pi.
Feb.
(?)
A.
1,
1922
Mar., 1909-10
New York City. •
1905-6 & 1912
N. Y., Mills Building.
do
do
April 1, 1900
A J. N. Y., Company’s Office Jan 1, 1911
June 7, 1887
A D. Savannah,Cent.RR. Bk.
A J.
J.
A. A O.
A. A O.
34}
J.
J.
5
7
M. A S.
F. A A.
4
7
J. A
J. A
A. A
A. A
J. A
7
6 g.
5 g.
6 g.
7
5
N. Y.,
pal,When Due
and by
Greensburg.
Philadelphia Office.
Phila. and
New York.
J.
J. N Y., Union Trust Co.
O. S. Y„ 8. I. Rap. T. Co.
O. N. Y., Lond. A Glasgow.
New York.
J.
do
Feb.
J. A J. N. Y., Central Pacific.
•
•
•
•
Sept., 1887
Feb., 1917
July, 1887
Jan. 1, 1899
April 1,1893
Jan. 1, 1913
Jan. 1, 1926
Jau* 1, 1946
July 7. 1895
January. 1905
F. A A.
7
J.
5
6
7
7
7
2
7
7
5
Phila., 233 So. 4th St.
do
do
A J.
M. A N. Philadelphia,
do
M A N.
J. A .1. Phila., Guar.
Penn. RR.
do
T. A D. Co
A J. N. Y. Lake Erie A West.
Q.—MariN.Y., D. L. A W. RR. Co.
J.
A. A O.
M. A N.
M. A S.
do
do
N.Y.,Farmers’ L.A T.Co
Opened April 1, 1873, and
operates it at cost, paying
earning 3 were $562,920 and
Feb. 16, 1879
Jan. 1, 1904
May 1, 1928
May 1, 1938
July 1, 1896
Yearly.
July 1, 1900
Sept. 1, 1887
Oct. 1,
Nov. 15,
Mar. 1,
1906
1905
1909
leased to Pennsylvania
net earnings as rental.
net earnings, $249,438.
connects the New York Central A Hudsou
Leased to New York Central November 1,
with the New York A Harlem.
1871. Rental is 8 per cent on
Operations are included in lessee’s returns.
Sullivan.—Owns from Monroeton, Pa., to Berenice,
Pa., 25 miles. Originally organized as Sullivan-fe Erie Coal & Railroad
Cy., which was sold in foreclosure Oct. 14, 1874, and a new company
formed Dec. 2,1874, under the present name. Stock, $990,000 (par $50).
capital stock of $989,000.
State Line Ac
1884, this road was
at $36,000
The mortgage covers 5,000 acres coal lands. Iu May,
leased to the Penn.A N., Y. Canal A RR. Co. for fifty years,
per annum for three years and $10,000
Staten Island.—Local road on Staten Island, Clifton
cent
In October,
242 miles of road extending
3’
Railroad,
In 1«85
gross
In 1886
gross, $756,1.39; net,„$39 1.330.
Spuyten Duyvei Ac Port Morris.—Road is 6 miles in length and
from tiie
of the A. A P. to Mojave, and right of way over the bal¬
ance of the line to Sail Frrnc’seo, at a fixed rental.
(Set* terms of this
agreement in St. Louis A S. F. report in Chronicle. V. 40, p. 59 4.)
Stock and Bonds.—The authorized stock is $90,000,000, of which
$44,039,100 has been issued and is held mostly by the So. Pacific Co.
The bonds above are 111 series A, Ii, C, D, E and F, of which A included
western terminus
600,000
which
(V. 44, p. 370.)
Southern Pacific (of California). (See Map.)—Line of Road.—
The road in California is in two divisions—the North. Div. from San Fran,
to Tres Pinos, 1004} miles; Carnadero June, to San Miguel Junction. 125
miles; and leased line, Castroviile June, to Monterey, 15 miles; Santa
Cruz RK.,26 m.; total in North. Div., 267 miles ;—the South. Div., Huron
viaGoshen to Colorado Riv., 529 miles; Los Angeles via Wilmington to
San Pedro, 27 miles; total South. Div., 553 miles; total South. Pacific in
Cal., 816 miles. At Goshen the Southern Div. meets the San Joaquin
Branch of the Cent. Pac., by which it reaches San Francisco and the
main line of Central Pacific. At Yuma, connects with its closely affili¬
ated lines extending to Galveston and New Orleans. The Colora lo
Div. of 242 miles is leased and opera ed by die Atl. & Pac. Railroad.
Organization, Ac.—The. Southern Pacific was a consolidation Oct. 12.
1870, of several lines in California. The Central Pacific HR. leased
the southern division, but m March, 1885. this lease was annulled and
the whole line was leased to the Southern Pacific Company on the basis
company 26 4} per
1,750,000
897,000
44 miles
592.
system.
2,500,000
100
1.000 1
100,fee.
1.009 i
The annual report for 1886 (V. 45, p. 210), showed the net
the wlioie system (4,817 mi es and steamship lines) for the year
been $13,283,227, plus rentals of $560,691, and interest,
of lessees paying all charges, and giving to this
of the annual net profits of the whole S. P.
‘5’
250,000
1879 100, &c.
1873
1,000
1883 I
1,000
!
1886
1,000
1885
1,000
1881 i
1,000
500 &c.
1875
434}
23
Suspension Bridge dc Erie Junction—Stock
M. A N.
Where Payable,
Whom.
Tables.
Bonds—Princi
641,865
i
Sunbury Hazleton d5 Wilkesbarre—1st
2d mortgage.
Sunbury & Lcivistoion—lat mortgage
!
5
4,180,000
5,049,300
819,200
962,000
44
]
Southwest Pennsylvania—Stock
1st mortgage
Payable
3,299,200
88,560,130
10,000,000
34,178,000
200 &c.
100
When
Rate per
Cent.
(?)
•
; ....
| 1882
Amount
$2,971,000
1,000,000
(?)
$1,000
'
1884, leased to the A. & P. the
notice of any error discovered in these
Outstanding
1,000
'75-’82 500 &c.
South. Pac.( Cal.)—1st mort.,gold,land
gr.,
cp.
or
reg.
1,022
“
1,000
15 ! 1880
Monterey, 1st mortgage
1
1881
167
1,000
Southern Pacific of N. Mexico—Mort., coup, or reg..
100
321
Southwestern (Ga.j— Stock, guarant’d7 per annum
“
[Vol. XLV.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
104
$15,000,000 ami B, C and I) each $5,000,000, the balance being divided
between E and F; the bonds are issued at tiie rat* of $40, J00 per mile 011
road and lands, except the Colorado Di \ ision, which is bonded at $ *0,000 per mile
The series A, B, C and D mature 111 1905 6, the seri< s E
and F in 1912. The bonds are a mortgage on the lands, and as proceeds
of lauds come into the hands of the trustees, bonds are purchased and
retired. There is also a sinking fund of $L00,000 per year.
Land Grant.—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonds. The total grant is estimated to furnish
10,445,227 acres, bat a large proportion of the lands is barren and
useless for agricultural purposes without irrigation.
In 1885 the sales
afterwards.
to Tottenoperated in connection with Staten Island
stock, $210,000, par $15 per share. Leased
to Staten Island Rapid Transit Co. for 99. years from July 31, 1884, at
$80,600 per annum. Dividends in 1885*86, 26*66 percent.
*
Staten Island Rapid Transit RR.—This Co. was incorporated
luder tue general law of New York State. The line of road is around
the Staten Island shore, east and north sides, from Vanderbilt Lauding
(junction with the S. I. Railway) to a point opposite Elizabethport, N.
/. It has a 99 years’ lease of the S. I. Railway and controls the Ferries
-,o N. Y. City.
In November, 1885, the agreement with Balt. A Ohio
was reported for making the terminals of that RR. Co. at Now Brighton
by means of a bridge over the Kills at Elizabethport.
Tho B. A O.
guarantees the 2d mort. bonds of this Co., and owns a majority of its
stock of $500,000. The income bonis are held by the B. A O. and S. I.
R. T. cos., one-half each.
Gross earnings in 1884-5, $122,989; net,
$55,074; def under interest, taxes, Ac., $80,773
Gross earnings in
I88.5-86. $29S,014; net, $76,863; deficit under interest, rentals, Ac.
$111,979. (V. 43, p. 12 ; V. 44, p. 495; V. 45, p. 212.)
Sterling Mountain (N. If.)—Road runs- from Sterlington on tho
Erie Railway to Lakeville, 7 6 miles. Bonds guaranteed by Sterling Iron
A Railway Co. Stock, $80,000.
Earnings in 1835-85, $26,017 gross
and $6,924 net: in 1884-85, $26,216 gross and $9,876 net.
Stockton Ac Copperopolis.—Present company is a consolidation,
made Nov. 17, 1877, of the Stockton A Copperopolis and the Stockton A
Visalia. Line of road, Stockton to Milton and Peters to Oakdale.Cal., 49
miles.
Leased to Central Pacific Railroad Company for thirty years
from December 30, 1874.
By the terms of the lease the lessee agrees to
pay principal and interest of the bonds. Capital stock, $234,500. The
miupanv previously made default July, 1874, and tho $1,000,000 of
did bonds were exchanged for tho present issue guaranteed.
In 1885,
gross earnings, $76,817; net, $33,063.
In 1886 gross earnings, $112,ville, L3 miles. Road is
Ferry Company. Capital
$30,581.
Rapid Transit.—This company has built a bridge
across tiie Harlem River, N. V. City, and is in operation to 161st Street,
N. Y., 2^2 miles. Tne line as laid out is 1490 miles long. Lit tl ■ informa¬
tion lms yet been obtainable concerning its finances.
In July. 1*80,
the Manhattan Elevated stockholders were offered the
privilege of
taking its stork and bonds, as follows: Each 100 shares of Manhattan
entitled to take 7 shares S. R. T. Co., and 7-10 of a $1,000 bond.
Samuel R. Filley, President, 40 Wall Street.
Summit Branch (Pa.)—Tins company leases the Lykens Valley
were 362,254 acres for $845,783 ;
land bonds redoeme.i, $613,000;
RR., and it has a small branch of its own to Summit Mines, 3* of a mile.
land notes outstanding Dec. 31. 1885, $2,213,199.
Traffic is
The annual report for 1885 was published in the Chronicle, V. 43, p. The road is operated by the Northern Central under contract.
274. Income account was as follows: Not profit under the lease over almost exclusively coal. Gross receipts in 1836, includ. coal, $732,624;
all charges, $208,381; proportion of net profits of southern Pacific net, $13,689. Gross in 1885, $1,402,405; net, $174,646; interest, $83,195; net profit, in 1885. $116.529. (V. 44, p. 185.)
Company under the lease, $308,143; total not profits, $ 517,125.
Sunbury Hazleton Ac Wilkesbarre.—Sunbury to Tomliieken,
From jau. 1 to,Tune 30 1887 (
months), gross earnings 01 Northern
Division were $796,257. against $622,560 in 1886; net, $3 41 ,921, ag’st Pa 43 miles. Foreclosed March, 1878. Stock, $1,000,000. The Penn.
Railroad
has a large interest in it. Gross earnings in H85, $493,197;
$266,458. From Jan. 1 to June 30. 1887 (6 mouths), gross earnings
004; net,
Suburban
,
of Southern Division wen* $1,945,581, against $1,678,007 in 1886; net,
$633,968, against $ >84.'- 66.
Gross earnings No. Div. from Jan. 1 t<> Dee. 31, in 1986. $1,649,826,
$811,967 in 1886, against $542,851 in
31. 1886, $3,29 1,111, against
$3,131,745 in 1885; not, in 1886, $1,067,974 against $1,410,230 in
1885.
(V. 43, p. 274. 548 ; V. 44, p. 204. 370.)
Southern Pacific of* New Mexico.—Road extends from Ari¬
zona State Line to the Rio Grande at El Paso, Texas, 167 miles.
Oper¬
ated under lctfso to Southern Pacific Company, the lessee paying all
•charges and 4 per cent of net profits (if any) of the whole So. Pacific
.system. Stock, $6,888,800. From ,lan. 1 to June 30, 1887 (6|months),
gross earnings were $372,909, against $350,584 in 1886; net, $169428, against $1S3,740 in 1886. Gross earnings in 1885 $683,249; sur¬
plus overcharges, $127,133. Gross-earnings in 1886, $667,196; net,
$310,131.-(V. 44, p. 370.)
Southwestern (Cia.)-From Macon, Ga., to Eufaula, 144 miles;
has 177 miles of branches, the main one being from Fort Valley to Col
limbus, 71 nines.
A lease was made Aug. 1, 1869, to the Central RR.
of Georgia'v hieli assumes the liabilities and guarantees 7 per cent on
the stock, but 8 per cent is to be paid if 10 percent is paid on Central
against $1,281,764 in 188'; net,
1885.
Southern Division, Jan. 1 to Dee.
stock. In June, 1881, $32 per share iu
declared by Central Georgia Railroad.
Southwest
6 per cent debt
certificates was
Pennsylvania.—Greensburg, Pa., to Faircliance, Pa.,
net,
$267,255.
Gross in 1886, $425,361; net,
$iy5,538. J. N. Du
Barry, President, Phib>delphia. (V. 43, p 275.)
Sunbury Ac Lewlsto%vu.—Sclinsgrove Junction to Lewistown,
Pa., 43 miles. Leased to Pennsylvania RR. for contingent interest In
1886,
paid.
Suspension Bridge Ac Erie Junction.—East Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Lock. A Buff. RR.
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It is leased to New York Lake Erie A Western Railroad Co. at 30 per cent
of gross receipts, which are guaranteed to be not less than $105,000 per
earnings, which in 1884 were $105,855; in 1885, $168,268; in
$123,536. Stock. $600,000 and div’s of 6 perct. a year have been
net
Lessees own all stock except 297 shares.
Syracuse Binghamton Ac New York. — Owns from Geddes,
N. Y., to Binghampton, N. Y., 81 miles.
Chartered as Syracuse A Binguamtou and opened Oct. 23, 1854; foreclosed and reorganized April
30, 1857, and leased to Delaware Lackawanna A Western.
In 1885 -86
gross earnings, $742,02 4 ; net. $307,418; interest. $141,400; dividends
annum.
$275,329;int.
45, p. 212.
Corning.—Owns from Corning, N. Y., to
and P. nu Yan to Dresden, 6 miles ; total, 61
(64 percent), $162,500. In 1834-85, gross, $692,761; net.
$141,400; div. (4 p. C.), $100,000; surplus, $33,929.—(V.
Syracuse Geneva
Ac
Geneva, N. Y.. 58 miles,
miles. This road was opened December 10, 1877.
the Fall Brook Coal Co. at a rental of 334i per cent
ngs.
and is leased to
of its gross earn*
Stock is $1,325,000. In 1884-35 gross earnings were $671,690 ;
September, 1887.J
RAILROAD
STOCKS
AND
BONDS.
103
MAP OF TIIE
TOLEDO, ANN ARBOR
AND
NORTH MICHIGAN
AILWAY & CONNECTIONS.
Subscribers will confer a
great favor by giving Immediate
[Vol. XLV.
notice of any error discovered In tbese
Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS5
106
Miles
Date
Size, or
Par
of
of
Road. Bonds Value.
explanation of column headings, Ac., see notes
on first page of tables.
Amount
Outstanding
Rate per
Cent.
When
Where
Payable, and by
Whom.
Payable
*
43
Syracuse Ontario dk New York—Bonds
2d mortg., income
Terre Haute dk Indianapolis—Stock
Bonds of 1873 coupon
50
1st mortgage, guar, by Terre Haute & Ind’napolis
1st mortgage, extension (2d on 93 miles)
Terre Hume dk Peoria— 1st mortgage, gold
Texas Central'— 1st mortgage, gold
N. E. Div., mort., gold (2d on 177 miles)
General mortgage, (pledged)
Texas dk N. Orleans of '74—1st mortg. landgr., coup
Sabine Division, 1st mortgage, gold
Debentures
Texas dk Pacific—Stock
let mortgage, gold, coup. (E. Div.)
‘2d mort., consol., gold, coup. (E. Div.)
Income and land mort., E. Div.. reg
3.82
93
65
173
177
52
228
105
104
50
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,487
524
524
524
iust’kor land)
gold, Rio Grande Division
Scrip for int.on inc.mort.(red’mable
let mort.,
New Orleans Pacific, 1st mortgage
General and terminal mortgage ($6,500,000)
and extended
1,000
1873
Consol, mortgage
Terre Haute dk Logansport.—Stock
52 i
336
1,487
.
Consolidated mortgage
Extension bonds
Elmira State Line Railroad mortgage...
Toledo Ann Arbor dk X. Mich.—1st (T. A. A. A G. T.)
1st mort., gold ($2,120,000)
Toledo Canada Southern dk Detroit—Stock
Toledo dk Ohio Central—1st mort. gold, interest j
Toledo Peoria dk West — 1st M., new (for $5,000,000)
54
54
20
7
61
106
55
196
230
6
6
3
7
5
$900,000
500.000
3.14
($1,988,150)
A reg
Tioga HR.—let mortgage, due 1882
$....
1883
1883
1,000
1,000
1,000
1,000
1,000
1,000
2,075,000
100
584,000
.
1,000
1875
1875
’79-’85
1880
1880
1884
1852
1876
1875
1,000
1,000
....
9,316,000
7,992,000
2,240,000
1,000
13,028,000
1,000
6,720,000
2,8'9,000
1,000
m
m
m
m
m
mm
m
m
m
m
m
m
m
m
•
1,000
1,000
....
....
34,173,600
3,784,000
1,000
1,000
239,500
125,000
265,000
160,000
Stocks—Last
Dividend.
1933
1983
F. A A.
A. A O.
N.Y.,Farmers’ L ATr.Co Aug. 10. 1887
do
1893
do
•
9
1,800.000
1,000
1,000
,
1885
1887
(?)
500,000
500,000
1,000,000
2,145,000
1,254,600
2,283,000
1,620,000
1875
1875
1881
1884
1,401,880
1,600,000
Bonds—Print i
pal, When Due*
•
^
6
6
5
7
7
6
7
6
6
6
6
7
6
6
6
6
5
7
gg.
g.
g.
g.
g.
J. A J. N;Y.,Farmers’L. ATr.Co. Jan. 1, 1910
Jan. 1, 1913
do
do
J. A J.
Mar. 1, 1937
M. A S. N. Y., Union Trust Co.
Nov. 1, 1909
Last paid Nov., ’84.
& N.
May 1, 1911
Last paid Nov., ’84.
M. A N.
Nov. 1, 1934
Last paid Nov., ’84.
M. A N.
F. A A. N. Y., Company’s Office. Aug. 1. 1905
March 1, 1912
do
do
M. A S.
1893
do
do
J. A J.
.
M. A S.
I. A D.
July.
g.
g.
7
•7
1,260,000
1,600,000
6 g.
6 g.
1.547,662
3,000,000
4,501,000
4 g.
5 g.
F.
J.
A.
M.
M.
A
A
A
A
A
A. A
A. A
J. A
M. A
J.
J.
i,
Last paid Sept., 1885. March
1905
June 1, 1905
Last paid Dec., 1885.
New York A Philad’phia Jan. 1, 1915
Feb. 1,
July 1,
Oct. 1,
O.
N. Phil.,Newbold Sons ACo Nov. 1,
Nov. 1,
N.
A.
J.
paid Aug., 1885
piiid July, 1885
Last paid Oct., 1885
Last
Last
O.
0.
J. N.Y., Farmers’ L. ATr.Co
N. N. Yr., Cent. Trust Co.
A J. N. Y., Central Trust Co.
New York Agency
A J.
Oct.
Oct.
Jan.
1930
1920
1905
1915
1896
1, 1905
1, 1895
1, 1921
May 1, 1924
July 1, 1935
July 1, 1917
—!*
\uet, $163,611; rental, $223,897; taxes,
70,844. In 1885-6, gross, $638,921; net,
I oes to lessee, $45,540.
$10,559; deficit to lessee.
$167,434; rental, $212,974;
Syracuse Ontario Sc New York.—Owns from Syracuse, N. Y.,
Y., 45 miles. The Syracuse A Chenango Valley Rail¬
road was sold in foreclosure and a new company organized March 14,
1873, under the name of Syracuse A Chenango Railroad; on April 15,
1877, road was again sold in foreclosure and still again reorganized
-under prcsentname in 1883.
The N. Y. West Shore &Bulfalo acquired
•control of the property. Stock, $404,600. Earnings in 1885-S6, gross,
to EarlviUe, N.
?88.505;
884-85 gross
charging deficiency
$47,811.
deficiency
after $91,596;
out interestafter
account,
In
charging
interest
earnings
.$73,096.
Terr© Haute Sc Indianapolis.—Owns from Indianapolis to Hlimois State Line, 70 in., with coal branches, 34 in.; total, 113 m. The road
was
opened in 1852 (as Terre Haute A
Richmond). The company leases
the Terre Haute A Logansport RR., also the St. Louie
Vandalia A Terre Haute Road on joint account with the Pittsb. Cm. A St.
jLouis RR., at 30 per cent of gross earnings, but guarantees the first and
-second mort. bonds. In June, 1887, a t outrolling interest in the stock
was sold to II. S. Ives and others in the Cincinnati Hamilton A Da> to.i
interest. In 18*5-6 gross earnings $1.053,09»>; net earnings and other
receipts, $366.672; interest and 6 per emt dividends, $i46.289; loss
on T. H. A L. lease was $89,4*2.
In l884-85gross earnings,$1,060,631,
income, $.s58.470; interest and 6 percent divi tends, $231,289: loss on
T. H. A Logansport lease, $76,634; betterments to T. H. A L. road,
$45,202 ; surplus for year, $5,34 a (V. 44, p. 714, 751; V. 45, p. 85 )
Terr© Haute Sc Logansport.—Owns from South Bend, Ind.
to Rockville, Ind., 159 miles; leased, Rockville to Terre Haute, 22 miles.
Total operated, lo2 miles.
Formerly Logansp. Crawfordsv. A Soutliw.,
which was sold in foreclosure Sept. 10, 1879, ami reorganized undei
prcsentname. Leased by Terre Haute A Indianapolis Railroad for 2§
*and operates
hatcent
mortgagelossbonds
fier
of grossRental
earnings,
and first$119,756;
guaranteed
by
to lessee,
company.
in 1885-86,
$89,482.
lessee, $1J.1,836.
Peoria.—Road operated from Terre Haute, via
Decatur, to Peoria. 173 miles. Tuis is the uew company formed in Jan ,
1887, as successor of the Illinois Midland, sold in foi ©closure Sept. 30,
1886. That road embraced by consolidation the Peoria Atlanta A Dec¬
atur, Paris A Decatur and Paris A Terre Haute. The stock is $2,160,000 pref. and $3,240,000 com. The bonds w« re issued to pay oft' receiv¬
er’s certificates and to furnish money for steel rails, equipments, Ac.
In New York, Mr. Simon Borg and a-sociates were largely interested
in. the property. (V. 43, p. 2l7, 431, 738 ; V. 44, p. 184, 495.)
Texas Central.—Line of road from Ross, in McLennan Co., to
Albany, Texas, 177 miles; Garrett to Roberts, 52 miles; total, 229
miles. Is controlled in Houston A Texas Central interests, by which
tompany it is operated; but accounts are kept separate. The authorized
Stock is $1,000,000; total Issued, $130,200, of which II. A T. C. holds,
*50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest
In 1885, and judgment of foreclosure rendered in April, 1*87, road to be
sold June 29, 1887. (V. 44, p. u95.)
Texas Sc New Orleans (of 1874).—Houston, Tex., to Orange
fSabine River), 104 miles; and Sabine City to Rockland, 104 miles;
iiotal 208 miles. Belongs to the Huntington Southern Pacific system,
together with the Louisiana Western. This was a reorganization, 1874,
Rental In 1*84-85, $10^,562; loss to
Terre Haute A:
New Orleans RR. The stock Is $5,000,000, and
controlling interest is owned bj the Southern Pacific. In addition to
above bonds, there are $467,336 Texas School bonds. From Jan. 1 to
July 31, in 1887.(7 mos.» gross earnings were $686,874, against $548,•383 in 1886; uet, $305,078, against $232,840.
For year 1886 annual report was in V. 44, i>. 620; gross earnings in
II885 were $1,017,618; uet, $462,273. In 1886 gross earnings were
•$998,16 i; net, $482,136; surplus over charges, $114,989. C. P. Hunt£ ngton, Pres’t, New York. (V. 43, p. 133, 163; V. 41, p. 344. 370, 620.)
Texas Sc 1’acitic.—(See Map Missouri Pacific.)—Eastern Division of the old Texas A
a
From Texarkana to Marshall and thence to Fort Worth, 253 miles;
Texarkana Junction to Whitesboro, 239 miles; Marshall to Shreveport,
•40 miles; total eastern division, 532 miles.
Rio Grande Di vis-on—
Fort Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso(joiut
track), 92 miles;
Gordon Branch to coal mines, 3 miles;
total Rio
Grande division, 619 m. Now Orleans Division—(Formerly N. O. Paci¬
fic RR.) Shreveport to N. O. and Baton Rouge Branch, 336 miles.
Total of all, 1,487 miles.
The Texas A Pacific was built under act ot Congress of March 3, 1871,
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
ceeded to the right of the Memphis El Paso A Pacific Railroad aud other
with New Orleans Pacific, share
From the State of Texas
in May, 1881.
the
10,240 acres of land per mile, and by building
•4?a«t of Fort Worth earned 4,931,702 acres, on which the income bonds
are a lien, as also a 3d mortgage on the road east of Fort Worth.
The
lands yet unsold at the time of last report, Dec. 31, 1884, were
3,893, <94 acres. The railroad lands in Texas, however, do not lie adja--sent to the line of the roads owning them, but these are located in part
in counties along the Rio Grande division, 1,030.611 acres being iu
Tom Green County, and 1,303,380 acres in El Paso County.
The teiinitial bonds are a first mortgage ou terminal property in New
v-Orleans and at Gouldsborough; and on the Gorden coal mines.
companies.
for
A
consolidation
was voted
company received
share,
In Dec., ’85, L. A. Sheldon and John C. Brown were appointed receiv¬
ers.
The plan of reorganization formed by the junction of the two
committees provides that the old first mortgage due 1905 shall
and all others shall bo foreclosed. A new 5 per cent first
mortgage, “A” (subject to the old morts. and Texas lien, $3,951,000 iu all), shall be made for $25,000,000, and a new 5 per cent
income second mortgage, •• B,” for $25,000,000,
non-cumulative.
These were to he dis ributed to the holders of old bonds as stated
in V. 43, p. 164, except that holders of Land Income bonds took 60
per cent in the new “B” Bonds in addition to the lands, but in Sept.,
1887, notice of a change was given, viz.: The interest on new first
mortgage bonds shall begin June 1, 1888, and the first coupon be pay¬
able Dee. 1, 1888. As compensation, the holders of ea-li consolidated
S’x per cent mortgage bond on tlie Kastern Division receive 115 35 per
cent in the new first mortgage bonds, instead of 112 per cent.
Holders
of each New Orleans Pacific bond icceive 618o per cent in new first
mortgage bonds, instead of 6 * per cent. The holders of the Rio Grande
Division bonds receive 41-20 per cent in new first mortgage bonds, ins'ead of 40 per cent, as iu said agreement provided. The holders of
Terminal
bends receive 25*75 per cent
in new flr-t mortgage
bonds, instead of 25 per cent. Tue new stock w 11 he £50,000,090
auth rized. and will lie issued share for share to old stockho’ders who pay the $10 per share cash assessment.
A lan l comp my will
be formed, and its stock issued to holders of the la d scrip and the In¬
staud,
land mortga ge bonds as follows: Scrip holders will receive 125
cent for their scrip and interest’ to July 1, 188">. Bon (holders will
receive par for (heir bonds with ait any inrerest. The several divisions
will be sold in foreclosure Nov. 8 and 10, 1887, and probably purchased
come
per
by the New York committee.
$1,095,619.
12,
In 1885 the gross earnings were $5,826,401. and the net,
In 18S6, gross earnings were $6,042,305; net, $626,191
(V. 43, p.
41, 73, 103, 125. 133,164, 191, 218. 275, 3 9, 36 ♦, 399. 400.432,
516, 672; V. 44, p. 119, 150, 276, 309, 495, 782 ; V. 45, p. 240,
303.)
Tioga,—State line junction, N. Y\, to Hoytvilie, Pa , 61 miles, and
Blossburg, Pa., to Morris’ Run, Pa., 3 miles, of which is leased Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way Junction, 7 miles; and Arnot A Pine Creek RR.. Arnot to Hoyt¬
Gross earnings in
vilie, Pa.. 12 miles. Controlled by N. Y. L. E. A W
1885-86, $393,454; net, $169,281: surplus over interest, rentals, Ac.,
$96,961. The stock is $391,200 com. and $189,700 pref. .
Toledo Ann Arbor Sc North Michigan. — (See Wap )— Owns
from Toledo, O., to Mr. Pleasant, Mich., 171 miles, which carries the
road into the heart of the lumber region of Michigan; and branches
to South Lyon and Macon Siono Quarry, 10 miles; total, 182 miles.
Capital stoek is $4,040,000. The old first mortgage on 61 miles covers
the Southern Divi-iou, formerly called the Tol. Ann Arbor A Grand
Trunk Railroad.
The anuualreport for 188 > was in V. 41, p 584. Gross
earnings were $380,251 and net $158,156; interest charge, $145,6oO.
James M. Ashley, President, 150 Broadway, N. Y\
(V. 4j, p. o08, 635 ;
V. 44, p. 401, 527, 58 4.)
Toledo Canada Southern Sc Detroit.—Toledo. Ohio, to Detroit
(G.T. Junction), Mich., 55 miles. Road opened September l, 1873. Oper¬
ated by Canada Southern.
The bonds were exchanged into Canada'
Southern first mortgage bonds at 70 per cent of face value.
Toledo Sc Ohio Central.—Owns from Toledo, O.. to Corning, 184
miles, including 12 m. leased; Hadley Junction to Columbus, 29 m., Ineluding 5 m. leased; Corning to Japasonville, 12 m leased; total
operated, 225 m. This company was formed after bile in fore¬
closure of the Ohio Cent, main lino ou April 15,’8 >.
The preferred
stoek is $3,108,000 and common $1,592,000; the first mortgage
is for $5,000,out), but no more than $3,000,090 can be issued
except by consent of three-fourths of the present bondholders. The
bonds have their interest guaranteed by rhe Columbus Ac Hocking
Valley RR. Co., and by an agreement with that company the stock of
C«>1. A H. V. was offered in excuauge for three-fourths of the new stock
of Tol. A 0. C., in the proportion ot one share of C. A H. V. for one of T.
A O.,
u
_
A O. C. preferred, and one share of C. A H. V. for two shares of T.
C. common ; the. remaining one fourth of T. A O. C. stoek, together with
all that acquired by C. A 11. V. by the exchange, were deposited with
Afterward the trustees, ou the request of three-lourths of the
trustees.
C. H. V. A T. stockm ldcrs, divide l the T. A O. C. stocks as a dividend,
on Nov. 17, 1885.
(See agreement in V. 40, p. 597. From Jan. 1 to
July 31, 1887 (7 inns.), gross earnings were $551,02
against $421,907
in 1886: i.et, $169,021, against $121,195.
The gross earnings for fiscal
year ending June 30, 1887, were $961,406; net over expenses and
taxes, $288,803; surplus over interest and all charges, $98,532 (V.
43, p. 24, 548; V. 44, p. 91, 210,341, 466, 68 2; V. 45, p. 240, 341.)
Toledo Peoria Sc Western.—Road owned from Indiana State
line to Warsaw, Ill., 2^.0 miles; branch. La Harpe to Iowa, ill., 10 miles;
tracks leased to Peoria aud to Burlington, la., i7 miles; total operated,
247 miles. This was formerly the Tol. Peoria A Warsaw, thou the Tol.
P. A Western, and as such was leased to and virtu .lly merged In the
Wabash St. Louis A Pacific. After the Wabash default in July, 1884,
foreclosure proceedings wore begun, and a sale was reached Oct. 29,
1886. The reorganization plan gave to each of the olu lirst mortgage
bondholders one new $1,000 boud and 10 shares new stpcii; all other
siocks and bonds extinguished; stoek. $4,076,000. Abstract of mort¬
gage V. 45, p. 242. The accident at Chatsworth, 111., in August, 1887,
by which over 100 lives wt-.re lost, has caused many suits for damages
against this company. (V. 44, p. 309 ; V. 44,p 4S5 ; V. 45, p. 232, 242.)
Subscribers will coufer a
great favor by giving
explanation of column headings,
on
first page
of tables.
Ac., see notes
-
451
451
451
60
35
53
04
Valley d Cuba—1st mort. ($500,000)..
Troy d Boston—1st mortgage, consolidated
2d consol, mortgage (for $1,000,000)
Tyrone d Clearfield—Stock
1 flt imvrtirnfirA
Ulster d Delav'are—1st
2d mortgage income
1886
1881
1874
1878
1875
1875
74
mortgage
•
bonds". T.
do
do
sterling loan mortgage, sinking fund
do
do
do
do
do
do
dollar loan, mortgage
gold loan, reg
Joint Co.’s plain bonds
do
consol, mort. (siuk’g fund after 1880)
N. J. RR. A T. Co., 3d loan due State of N. J
Union Pacific—Stock
let mortgage, gold, on road and equipment
2d mortgage currency (Government subsidy)....
3d
do
on road (2d on land), sinking fund..
-
443
238
....
..
....
•
4,594
1,038
1,038
1,038
....
st’g, (s.f. about $65,000 yrly).
Collateral Trust bonds
'Collateral trust oonds of 1883, gold
Bans. Pac., cons. M..,g.(for $30,000,000),cp.or rg.
1st M., g, "cp., on 140m. west M o. Riv.
do
....
-
...
....
....
....
-
-
•
.
140
-
1883
1873
1871
1871
1871
1871
1878
1854
1862
1868
Outstanding
Rate per
Cent.
4
g6 S’
7
7
„
1,000
1,000
100 Ac.
100
1,000
1,000
....
•
•
•
•
....
....
....
....
....
....
100
....
1866-9
1866-9
1874
1867-9
1871
1879
1883
1879
1865
Amount
$100 $12,250,000
100
4,805,000
9,000,000
1,000
500,000
1,000
1,424,01 >0
1,000
925,000
1,000
....
....
United A’. J. RR. d Canal Companies—Stock
Gold bonds
General mortg., gold and currency, coup
XJnitea Co.’s mortgage, sinking fund, registered..
Land grant bonds
Omaha bridge bds,
immediate notice of any error discovered In these
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
Pref 4 per ct. coupon stock, non-cumulative
1st mortgage, gold (redeemable on notice)
"Tonawanda
[Vol. XLV.
INTEREST OR DIVIDED DS.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
108
1,000
1,000
.
.
..
1,000
£200
1,000
1,000
1,000
1,000
1,000,000
2^
1,000,000
5
7
7
200,000
1,400,000
21,342,400
1,312,000
5,669,000
2,000,000
1,846,000
2^
4
g6 g.
g6 S’
S-
1,800,000
6
154,000
841,000
g
6
6
6
866,000
5,000,000
100,000
1%
60,868,500
27,229,000
6
6
8
7
8
6
5
6
6
27,236,512
14,483,000
2,706,000
1,621,000
4,541,000
4,567.000
13,955,005
2,240,000
g.
g.
g.
g.
When
Payable
Tables.
Bonds—Princl.
pal,When Due
and by
Where Payable,
Whom.
A
A
A
A
A
A
A
A
F. A
J.
D.
S.
J.
O.
D.
J.
J.
A.
First coup.due July,’88.
N. Y., Bk. of N. Amer.
New York Office.
N. Y., Nat. B’k of Com.
do
do
A
A
A
A
A
A
A. A
8.
8.
London.
do
A.
Phila., Penn. RR. Office.
J.
J.
M.
J.
A.
J.
J.
J.
Pliila., 233 South 4th.
Rondout,
Office.
Co.’s
Stocks—Last
Dividend.
1918
Sept, 1, 1932
June 1,
1924
1903
June, 1387
July
l,"1905
July 1, 1905
Q.-J. Phila. and N. Y. Offices.! Oct. 10, 1887
Feb. 1. 1923
F. A A.
Philadelphia Office.
Mch. 1, 1901
do
do
M. A 8.
A. A O. Phila., Pcnnsylv’a RR. Oct.
1, 1894
M.
M.
F.
M.
J.
M.
New York.
do
S.
Princeton, N. J.
N.
Philadelphia Office.
O. N. Y., B’k of Commerce.
Q.-J. New York and Boston.
J.
J.
M.
A.
A.
J.
J.
M.
F.
A
A
A
A
A
A
A
D.
J.
J.
S.
0.
0.
J.
D.
A N.
A A.
do
do
U.S. Treas., at maturity.
New York and Boston.
do
do
London A New York.
N. Y., Union Trust Co.
Boston, N. Engl’dTr.Co.
N. Y., 40 Wall Street.
do
-
do
Mch. 1,
Mch. 1,
Feb. 1,
1894
1894
1888
Sept. 1, 1908
j an. 1, 1889
Nov. 1, 1889
Overdue.
April 1, 1884
1896 to 1899
1896 to 1899
Sept. 1, 1893
1887-’89
April, 1896
July 1, 190
Dec. 1, 1907
May 1, 1919
Aug. 1, 1895
operated by the Missouri Pacific under an agreement with Union Pacific
for twenty-five years from 1885, and not included in the mileage oper
ated by Union Pacific. The U. P. also has large interests in the 8t. Jos.
gauge on the Toledo Division, 206 miles, and the balance to E. St Louis & West. RR., 251 miles: the Utah Central. 230 m.; Leavenworth Topeka
was to be made standard in the 1 all of 1887.
This company wasformed A 8. W., 47 in.; Manhattan Alma A Burlingame, 56 m. and Nevada Cen¬
June 12, 1886, by consolidation, and it took all the main line of the
tral, 93 in.; total, 738 miles, all of which are operated separately.
Toledo Cin. A St. Louis narrow gauge road, foreclosed Doc. 30, 1885.
In 1886 a lease of the Oregon Railway A Navigation Company to the
The present common stock and the first mortgage bonds were issued
Oregon Short Line, guaranteed by Union Pacific was negotiated.
for the purchase of the property, payment of receiver’s liabilities,
Organization, Ac.—This company, the Union Pacific Railway, wfas
broadening the gauge, Ac., Ac., and $4,000 per mile of said mortgage
bonds were reserved for obtaining standard gauge equipment. The formed by a consolidation, Jan. 24, 1880, of the Union Pacific RR. and
preferred stm k is a coupon stock, non-cumulative, and without voting the Kansas Pac. and Denver Pac., made under authority of the acts of
power; the bonds may be paid off at par on notice to the holders. Pro¬ Congress of July 1, 1862 and July 2, 1864. The Union Pac. RR. was
vision has been made for the payment of interest till 1889 in ease chartered by Act of Congress of July 1, 1862, which gave the company a
earnings are insufficient. All the securities are yet held in trust except land grant of 12,800 acres per mile, estimated at a total of 12,083,227
$2,000,000 of the hot.ds, $1,805,000 pref. stock and $2,50^000 com¬ acres, and a subsidy in U. S.bonds of $27,236,512 on 1 033 miles of road.
The Kansas Pacific was organized as “ Leavemvorth Pawnee A West
mon stock.
Sec full statement as to this company in V. 43, p. 74; V. 44,
orn*’in 1861; then changed to “ Union Pacific, Eastern Division,” June
p. 754.
6, 1863, and to ” Kansas Pacific” on March 3, 1869. The Pacific Rail¬
The status of the Tol. Cin. A St. Louis from time to time was given in
the Sum.kmknt up to June, 1886. The only stock or bond holders of road acts of 1862 and 1864 applied to this road, and gave it a subsidy
the Tol. ( in. A St. Louis who received anything for their holdings.were of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—wras built under
the charter of the Union Pacific, E. D. (Kansas Pacific).
As to the debt of the Pacific railroads to the United States Govern¬
ment a decision of the U. 8. Supreme Court settled the point that the
809; V. 45, p. 26.)
Toitawauda Valley A; Cuba.—Owns from Attica, N. Y. to Cuba, payment of interest on the loans was not obligatory on the conipaniea
till the principal of the bonds became due. Afterwards Congress passed
N. Y., 60 miles. Stock $o87,100. $113,000 of 1st mort. bonds were re¬
the Thurman Act, May 7, 1878, which, for the Union Pacific, provided
served to redeem same amount of 6 per cent bonds due 1910. Mr.
that 25 per cent of the net earnings, after deducting interest on the
Bird \V. Spencer was appointed receiver in 1884, and reorganization is
first mortgage bonds and construction and equipment expenditures,
pending. Gloss earnings in 1885-86 (8 mos., c osed during rest of fiscal should be paid annually to the Government as follow's : Firstjeart $10,< 24 ; deficit, $3,195. Gross in 1884-85, $18,694; def., $5,073;
Applied directly to interest account, one-lialf of Government earn¬
other receipts, $2,929; net deficit, $2,143. (V. 44, p. 235.)
ings and 5 per cent of
net earnings, after deducting interest on
Troy Ac Boston.—Owns from Troy, N. Y., to Vermont State line, 35 first mortgage bonds.
Second—To be placed in the sinking fund—
miles; leased : Southern'Vermont 5 miles; Troy Sc Bennington, 5 miles; the other half of the Government earnings and so much of $850,000 as
Vermont State line to North Adams, 6 miles; total operated, 53 miles. may be necessary to make all the payments by the company equal 25
Stock, $1,645,600. In addition to the above bonds there were out¬ per cent, of its net earnings. On Dec. 31, 1886, this sink, fund invested
standing Sept. 30, 1886, several smaller issues of bonds amounting to in U. S. bonds (p:ir value) was $5,526,100, and the premium paid on
$306,500. In January, 1887, an agreement of consolidation was made bonds and cash uninvested was $1,395,708; total, $6,921,869.
with tlie Fitchburg of which the terms were given in V. 44, p. 544.
Stock and Bonds.—The capital stock Issued and outstanding is
Earnings for three years past were: In 1883-84, gross, $483,561; n< t, $60,868,500, having been increased about $10,000,000 since the consoli¬
$192,539; in 1884-85, gross, $420,743; net, $192,724; in 1885-86, gross, dation in 1880. Dividends since 1879 have been as follows: in 1880, 6
$475,206; net, $230,989. (V. 44, p. 59. 91, 119, 309, 421, 527,544, 551.) per cent; in 1881, 6%; in 1882, 7; in 1883, 7; in 1884, 3^; none since.
The yearly range in prices of tlie stock has been—In 1880, 80®1133*;
Tyrone Ac Clearfield.—East Tyrone Pa., to Curwensville, Pa., 44
miles; branches, 20 miles; total, 64 miles. This company was organized in 1881, 1O5V013131; in 1882, 98*4®119%; in 1883, 70^® 104%; in
April 1,1867, after sale in foreclosure. It was leased to the Pennsyl¬ 1884, 28®84®b: in 1885, 41® 62V, in 1886,44*4® 68V In 1887 to Sept. 16,
vania Railroad in 1878 and new7 lease for 50 years made in 1382. Gross incl., 51 ^e d 63%.
earnings in 1885, $551,000; net, $121,344. Gross in 1886, $484,142 ;
Of the Union Pacific collateral trust bonds, the first issue is limited to
net, $155,830. J. N. Du Barry, President, Philadelphia, Pa.
80 per cent of the following bonds: Omaha A Republican Valley RR.,
Ulster Ac Delaware.—Owns from Rondout (Hudson River), N. Y.; $1,037,000; Colorado Central Railroad bonds, $2,105,000; Utah North¬
The collateral trust
to Stamford, N.Y., 74 miles; branch to Hobart, leaded, 4 miles; total, ern Railroad, $2,387,000; total, $5,529,000.
78 miles. This was the Rondout A Oswego in 1876, reorganized May 28, bonds of 1883 are secured by the following bonds: Colorado Central RR.
1872, as New* York Kingston A Syracuse, and again after foreclosure, $1,397,000; Utah A Northern RR. $2,231,000; Omaha A Rep. Valley
May 1, 1875, as Ulster A Delaware. The stock is $1,152,100. There RR. $684,000; Utah Southern RR. extension $93,000; Denver So. Park
A Pac., $1,799,000; total, $6.^04,000.
are also $50,0( 0 real estate mortg. bonds. In 1884-35 the gross earnings
The outstanding bonds of Kansas Pacific above are given less the
were $3^5,837; net earnings $120,527.
In 1*85-86, gross, $339,566;
amounts of each class held by the trustees of the general inert. Tlieoonnet, $140,471. Thomas Cornell is President, Rondout, N. Y.
sol. mortg. trustees are Jay Gould and Russell Sage, and they held in
United New Jersey Railroad Ac Canal Co.—Lines of Road.—
trust on Jan. 1, 1887, the following bonds or the Kansas Pacific, making
New York to Philadelphia and branches, 135 miles; Camden to Amboy
and branches, 226 miles; Trenton to Manuiika Chunk and branches, $6,799,150 in all, viz.: Leavemvorth Branch, $582,000; income (unsub¬
ordinated) bonds. $217,750; income (subordinated) bonds, $3,948,400;
Similes; total operated, 443 miles. Delaware A Raritan Canal, 66 miles.
This company w as formed by a consolidation in 1867 of the Delaware A Cheyenne Branch Den. Pac. bonds, $2,051,000. They also held $1,997,500 of the stocks
and $3,160,000 of the bonds of other companies
Raritan Canal Company, the Camden A Amboy Railroad, and the New
controlled by the Union Pacific.
Jersey Railroad A Transportation Company. The United New Jersey
Land Grant.—'The proceeds of land sales on the Union Pacifto maiD
.Railroad A Canal Companies were leased in May, 1871, to the Pennvsylvania Railroad for 999 years, at a rental of 10 per cent on the line are applicable to the principal ot the land grant bonds, and after
<3toek, besides interest on bonds. The smaller leased roads were taken tb:it to the sinking fund mortgage 8 per cent-bonds. On the Kansas
with their several contracts. The lease has not been directly profitable Pacific the cash income from land is applied to the general mortgage. On
Ln cash receipts to the Pennsylvania Railroad, and the net loss in 1879 DeOi 31 ’86. the company had in cash from the Un. Pacific grant the sum
of $4,912,906, and in land contracts $9,095,341, which sums are appli¬
was $939,889; in 1880, $1,035,308; in 1881, $302,864 ; in 1882, $568,759; in 1883, $635,914; in 1884, $593,536; in 1885, $159,496; in 1836. cable first to the payment of the land grant bonds, and then to the pay¬
$179,016 ; but the connection with New York was indispensable. Oper¬ ment of the 8 per cent sinking fund bonds due in 1893. On Jan 1, 1887,
the U. Pac. lands unsold were 3,175,507 acres, estimated at $2,395,507;
ations and earnings are included in the Pennsylvania RR. report.
tin’ K. P. lands unsold, 3,**83,700 acres, estimated at $11,608,763.
Union Pacific Railway.—(Sec Map.)—Lines of Road.—Main
The sales in 1884, 1885 and 1886 were as follows:
line—Council BLitts to Ogden and branches, 1,049 miles;
other
Union Pacific—
1884.
1886.
1885.
branches—Kansas City to Denver, 643; Denver to Cheyenne, 106;
Leavenworth to Lawrence, 34; total owned, 1,832 miles; controlled Acres sold
4,321.043
743,704
146,189
and operated in the Union Pacttc system January, 1887—Omaha A Amount
$6.51"/.773
$1,223,227
$179,103
Repul*. Valley RR., 289 miles; Omaha N. A Black Hills RR., 115: Color¬ Average price
$1 52
$1 65 ^
$1 22
ado Central RR., 327; Echo A Park City RR., 32; Utah A Northern RR.,
JiCciii Pacific
a
466 ; Lawrence A Emporia RR., 31; Junction City A Ft. Kearney. 88;
Acres sold
452.566
690,294
225,623
Solomon RR., 57; Salina A SouthwTi. 35; Kan. Cen , 167; Den. A Boulder
Amount
$1,917,876 $2,817,159
$1,049,122
Valley., 27 ; Golden Boulder A Car., 5; Oregon Short Line and branch,
$4 21^
$1 08
$4 68
611; Greeley Salt Lake A Pacific, 54; Denver South Park A Pacific. 322; Average price
Toledo St. Louis Ac
8t. Louis, 451
miles.
Kansas City.—(See
On June 26, 1887,
Salt ftnke A Western, 57; Georgetown
Map.)—From Toledo to
the road was made standard
Breckenridge A Leadville, 8 miles;
Railway, 9 miles; Denver A Middle Park, 4 miles; Denver
Marshall A Boulder, 27 miles; Laramie No. Park A Pae., 14 miles; Man¬
hattan A Blue Valley, 54 miles; Marysville A Blue Valley, 13 miles:
Salina Lincoln A Western, 35 miles; total thus controlled, 2,762 miles;
total operated in the U. P. system Jan. 1, 1887, 4,594 miles.
The Central Branch Union Pacific and leased lines (388 miles) are
Montana
TotalAcres sold
Amount
-
4,773.609
$8,435,649
The Kansas Pacific lands, from the
first by the Denver Division mortgage,
by the consol, mortgage.
1,433,999
$4,040,387
1,571,812
$1,228,225
380tli mile westward, are covered
and all the lands of the Kan. Pao.
i
Glendl1
M i / Qg
i /
£.
^T-iV
a>‘
^uXP'
P*C-
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MAP OF THE
Edgeley Q
B-
UNION PACIFIC
RAILWAY
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Sturia
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aBowdlo
S'A
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INVESTORS’
no
[Vol. XLV.
Subscribers will confer a great favor by giving Immediate notice of any error
DESCRIPTION.
For explanation of column
on
first page
Miles
Date
of
of
Road. Bonds.
headings, &o., see notes
of tables.
Union Pacific—( Continued)—
Kansas Pac., 1st mort., gold, 140th to 393d mile.
do
2d M.(to U.S.Gov.) on 394m.W. Mo.R.
do 1st,394tli to 639th in., l.g., 3,000,000 acs
1st mort., coup., (Leavenworth Br.>..
Income bds, coup., 3d M.on 427 miles
do
do
Utah Centrals-Stock
let mortgage, gold
Utah Southern, general mortg. (for $1,950,000).,
Utah South. Exten., 1st M., Juab to Frisco
Utah dk Nevada—Stock
Utah dk Northern.—1st mortgage
Utica dk Block ltiver—Stock
Mortgage bonds
Black River & Morristown, 1st mortgage
253
394
245
34
427
280
1866
1865-7
1869
1866
1866
36
105
1870
1879
1879
138
37
462
180
87
36
'
10
97
31
12
OffdensburR & Morristown, 1st mortgage
Utica Chenango dk Susquehanna Valley—Stock
Utica Clinton dk Binghamton—1st mortgage
Talley (N. Fj—Stock
50 Ac.
100
109,200
4,225,000
1,000
1,000,
1,000
1,000,000
6 g.
1,950.000
7
1,950,000
555,860
5,543,000
2,223,000
1,107.000
500,000
7
2009 >00
7
1,000
6,258,000
1,000
18,000
....
500 Ac.
....
....
1883
1,000
...
....
18^1
1879
1881
1881
•
•
•
50
24
1st mortgage
143,000
4,000.000
100
500 Ac.
’66-’72
....
790,000
750,000
400,000
1,600.000
1,700,000
183-456
100. Ac.
1,000
1,000
100
1883
....
50
....
1880
Rate per
Cent.
6 g.
6
6 £•
7
7
1
6,303,000
59
•
$4,063,000
....
100
....
59
76
113
Talley (Ohio)— 1st mortgage, Clev. to Canton
Oonsol. mortgage gold (for $4,000,000)
Talley (Va.)—1st mortgage
Termonl dk Massachusetts—Stock
Bonds of 1883 (guaranteed by Fitchburg RR.)...
Termont Valley of 1871—Stook
Outstanding
1,000
1871
1874
12
1st mortgage
Amount
$1,000
....
16
Clayton A Theresa, 1st mortgage, guaranteed
or
Par
Value.
1878
Bonds—Prinel
INTEREST OR DIVIDENDS.
Size,
....
discovered In these Tables.
1,000
1*2
7
4 *4
7
7
5
3
6 A 7
5
5
7
6
750,000
6
3,193,000
3
5
1,000,000
1,000.000
800,000
3
5
When
Where Payable, and by
Whom.
Payable
A D. New York, 40 Wall St.
J.
pal, When Due
Stocks—Last
Dividend.
June 1. 1896
1895 to’97
M. A N. N. Y., Lond. A Frankft.
M. A N. New York, 40 Wall St.
M. A 8. N. Y., Bk. of Commerce
Q.-J.. New York, 40 Wall St.
J. A J.
do
do
do
do
J. A J.
J. A J.
do
do
Sept. 1,
1899
Jan
1, 1896
July 1, 1916
Oct., 1884.
Jan.
1, 1890
July 1, 1909
Jill v 1. 1909
In 1886
J. A‘j. New York, 40 Wall St.
July 1, 1908
N. Y., R. W. A O. Co.
M. A S.
Aug., 1887
J. A J.
N. Y. Cent. Trust Co.
Jan. 1, 1891
J. A J.
do
do
Jan. 1, 1894
J. A J.
do
do
July 1, 1898
do
do
J. A J.
Jan. 1, 1891
M. A N. N. Y., D. L. A W. RR.
May 1. 1887
1886 A 1890
T. A J. N. Y., Cont. Nat. Bank.
N. Y., D. L. AW.
During 1886
do
do
F. A A.
Aug. 1, 1911
J. A D. New York, Cent. Tr. Co. June 15, 1906
do
do
M. A S.
Sept. 1, 1921
A. A O.
Balt, and New York.
Oct. 1, 1921
A. A 0.
Boston, Office.
April 7, 1887
M. A N. Boston. Fitchburg RR. AW 1, 1903
Bellows Falls.
J. A J.
July 1, 1887
A. A O. Bost., Safe Dep. A Tr.Co Oet.
1, 1910
....
Pacific has made large earn- -(V. 43, p 50, 161, 192, 245, 275, 309, 353, 366, 548, 608, 672, 738;
road at a low percentage of V. 44. p. 22, 23, 60, 118. 149, 212, 344, 413, 432, 435, 436, 586, 621,
expenses. The competition and reduction of rates by building of new 7o2; V. 4 >, p. 53, 142, 203.)
lines was the main cause for the decline in earnings. The company has
Utah Central—(See Map Un. Pacific)— From Ogden, Utah, to Frisco,
extended rapidly and built and acquired much new mileage, of which 280 iniles.
A consolidation July 1, 1881, of the Utah Central. Utah
tike Utah Northern and Oregon Short Line are two of the most import¬
Southern anu Utah Southern Extension. The road is controlled through
ant branches.
For 1885 gross, $742,240 ; net,
From Jan. 1 to July 31, 1887 (7 mos.) gross esruiDgs were $15,501,- ownership of stock by Union Pacific.
$287,853; fixed charges, $340,924; deficit, $>3 071. In 1886, gross,
264, against $13,724,535 in 188b; net, $5,850,652, against $4,59b,65b.
$771,800; net, $312,965 ; charges, $355,996 ; deficit, $43,031. (V. 45,
The annual report for 1886 was in the Chronicle, V. 44, p. 4 32, 43c,
p. 203.)
and the following figures were given for the whole ay tern operated :
FISCAL RESULTS.
Utah Ac Nevada.—Owns from Salt Lake City, U. T., to Terminus
1886.
1885.
1884.
U. T., 37 miles. The Utah Western made default January 1, 1878, ana
4,476
4,594
4,519
Miles operated Dec. 31
the road was held by trustees for the bondholders, and was foreclosed
Nov. 3, 1880, aud this company organized. Gross earnings in 1885,
$
$.
$
Earning s from—
5.809.918
6,070,897
6,996 237 $58,58o; net, $30,011. Gross earnings in 1886, $83,420; net, $40,750.
Passengers
17.092,927 18,193,255 18,588,744
Freight
17.092,927
Utah Ac Northern—(See Map Union Pacific)—From Ogden, Utah,
1,9 .2,899
1,918,8 L5
Mail, express and miscellaneous... 2,493,466
Operations, Finances, &c.—1The Union
and until 1883 and 1884 operated its
to Garrison, and the line of Northern
Total
earnings
Operating expenses and taxes
.25,657.290
14,868,115
14,868,115
25,925.172
26.693,796
10.157,721
17,608,619
.10,789,175
9,767,451
8,9.95,177
57*95
62*32
63*19
1885.
$
1886.
9,687,441
1,382,8 LI
10,335
8,995,179
Fer cent of earnings to expenses...
*
Not including company’s
freightt.
18o4.
Income from Inve-tments
Miscellaneous land sales
Investments, premiums,Ac....
Received from trustees K. P. con.
mort. on account of interest..
Front aud loss
Expenditures—
Interest on bonds
Discount and interest
Ac.
Sinking fund, company’s bonds...
•Interest- auxiliary lines
Band taxes, &c., Union Div.
Dobs on Leay. Top. A S. RR
Dosses on
m
$
10,789.175
406,416
7.455
$
890,020
13 015
670,341
66,474
249,416
1,113.600
207,110
101.927
.11,518,936
11,287,697
5,397.070
5,397,070
366,077
5.336,267
vest., prem.,
591,540
1,213,036
84,839
356.138
9 1.945
593.6* '5
1,191,010
39,920
21 579
11,784,082
5,197,7 U
67,224
•
591.965
1,29 6.3u9
62,610
11,722
Surplus Income
Dees—U. S. requirements
7,652,5*2
3,866,374
1,187,110
3,655,23 1
7,229,681
4,554,401
1,184,053
808.033
surplus income
2,679,261
2,471,i80
3,746,36s
Total expenditure
Total
*
JM
7,632.461
between these figures and the not earnings
given above is accounted for by deductions made this year to allov
The difference ($80,010)
proper
A
comparisons.
comparison of the condensed balance sheet for three years is as
follows:
GENERAL BALANCE AT CLOSE OF EACH YEAR.
1884.
Assets —
$
Road, equipment, Ac
158,918,607
Stocks and bonds owned, cost.. 37,499,325
620.640
Miscellaneous investments
Advances
Materials, fuel, Ac
Dash and ca>li resources
Denver Extension sink’g fund.
Trust 5 per cent .’'inking fund
Ronds aud -tucks held in trust.
Dand department assets
Total
....
Labilities—
Stock
Funded debt.
United States subsidy bonds...
Accrued iut. on subsidy bonds.
Floating debt
interest accrued not due
General income (profit and loss)
ncome used for sinking fund..
Dand and trust income
Total liabilities
$
$
159,298,919
161,283.698
1,220,612
35,5*9.187
755,750
5,69 ',670
2,889.218
1,351,190
407,000
522,480
638,639
3,215,200
3,215,2 >0
70,440
68,8 18
3,217.250
15,654 203
18,159,290
18,599,519
222,333,523
226,279,509
230,030,959
60,868,500
84,i73,.85
60,869,500
81,9 >7,682
60,868,500
81,969,127
33,539,512
15,324,738
3,237,697
33,539,012
15,167,214
fl,*6l,445
33.5'9,512
15,670,753
7^8.671
774.104
758,493
17,837,350
2,383,029
fl0,493,2s4
2,976,634
14,ls0,742
lf>,64L,134
13,827,456
3,568,599
19,828,519
222,333,523
226,279,509
230,030,959
t After deducting deficit of U S. requirements, as
accrued interest on U. S. bonds Feb. 1, l^bO, to date.
1 Nor >nel ’ding 916,704 duo to U. S. under Thurman
16. le
1886.
1885.
39,*233.027
680.89L
3,415,.80
1,683,432
4,797,936
Pacific, with branch os to Butte
total, 466 miles. This road forms a connec¬
tion betweeL the Northern Pacific at Garrison, Montana, and the Union
Pacific at Ogden. Stock $5,543,000, and 6 per cent dividend paid in
1884, and l per cent Jan lb85. The road was built by Union Paciflo,
which owns $4,816,400 stock aud $1,968,000 bonds. For the year 1885,
gross earnings, $1,910,555 ; net, $288,935. In 1886. gross $2,050,439;
net, $459,418; interest, Ac., $388,010; surplus. $72,959.—(V. 43, p.
;
,
125.)
ACCOUNT.
Receipts—
Net earnings
City and Anaconda Mines
compared with
Act, paid April
Utica Ac Black River.—Utica, N. Y., to Ogdensburg, N. Y., 134
mihs; Carthage to SacKett’s Harbor (leased), 30 miles; Clayton to
Theresa, 16 miles; total, 180 miles, A consolidation with leased lines
was made in Mai ch, 1*86, embracing this mileage.
The company has
paid model ate dividends for a number of years. In April, I 886, the road
was leased m
perp tuit.y to the Rome Watertown A Ogdonsburg RR.
Co. at
on
a
rental guaranteed to pay
(V. 41, p. 276.)
fixed charges aud 7 per cent yearly
the stock.
Utica Chenango & Susquehanna Valley.—Owns from
N. Y., to'Greene, N. V., 75 miles; branch to Richfield Springs, 22
Utica,
miles;
total, 97 miles. Road opened October, 1872. Leased to Del. Lack. &
Western at 6 per cent on stock. Has no bonded debt.
Utica Clinton Ac Binghamton.—Owns from Utica, N.Y., to
Randallvi lo, N. Y., 31 miles, aud leases Rome & Clinton Railroad, 13
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
York & Oswego Midland Railroad.
The lease was transferred to
the Delaware A Hudson Canal Co., ami sub>eqn* ntly to N if Ontario A
Wintern, whieli pays the rental of $70,500 p-r annum for U. Cl. & B.
aud $25,500 for Rome oi Cliuton. The road w.<s operated by the Del.
Lack, it West, till April 1. 18*53. Gross earnim s in 1884-8 % $218,802 ;
net. $21,176. Gross in 188 »-6, $229,400; net, $105,660.
Capital stock,
$636,285. isaa< Maynard, Pres., Utica, N. Y.
Valley (N. Y.) Railroad.—Owns from Binghamton, N. Y., to State
line ol‘ Pennsylvania. 12 miles.
Opened October, 1871.
Leased to
Delaware Lackawanna A Western at 8 per cent per annum on stock,
which was reduced in 1882 to 5 per cent, the lessee assuming the interest
on
bonds.
Samuel Sloan, President, New York City.
Valley (Ohio).—Owns from Cleveland, O., to Valley Junction. O.,
mites, and 20 miles of'small branches. Of the cons >1. mortgage
$1,600,000 is held in trust to retire the first mortgage when due. The
consol, m ortgage is a first lien on the Cleveland terminal property.
75
Capital,
net,
over
$1,257,397,
par
$50.
Earnings
in
1886,
$628,450;
$303,8*7. Earnings in 18 S5, $569,192; net, $261,446; surplus
payments. $35,793. (V. 43, p. 572 ; V. 44, p. 527.)
Valley (Va.)—Owns from Harrisonburg to Salem, Va., 113 miles.
By
In 1883 it was extended from Staunton to Lexington, 36 miles.
this and connecting liuea under B. & O. control, the distance from
Lex¬
ington is ,243 miles to Baltimore aud 217 miles to Washington. The
Baltimore & Ohio has a large interest iu its securities.
In 1885-86, gross
In 1884-5 gross, $118,953; net,
receipts. $125,667; net, $37,303.
$34,665. (V. 43, p. 608.)
Vermont Ac ITIasgachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 56 miles: branch, 3 miles. The road is leased to the Fitohburg RR. for 999 years at 6 per cent. (V. 43, p. 636.)
Vermont
Valley
of 1871.—Owns from Bellows Falls to Brat-
tleboro, Vt.\ 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles.
Con¬
trolled in the interest of the Connecticut River RR. The Sullivan
County RR. stock ts deposited as collateral security for the above
mort. bonds.
Earnings, Ac., for three years ending March 31, were:
Years
Passenger
Miles.
50
50
50
Mileage.
4,555.171
4,246,085
4,559,950
Freight (ton)
Mileage.
20,864,921
20.199,299
26,093,466
Gross
Net
Dividd,
Earnings. Earnings. Perot.
6
$398,614 $113,784
373,598
492 427
110.747
125,540
6
6
RAILROAD
September, 1887. J
Subscribers will confer a great favor
DESCRIPTION.
For explanation
on
of column headings, Ac., see notes
first page of tables.
STOCKS
BONDS.
AND
by givingjlminediate notice of
Miles
of
Road.
Date
of
Bonds
Ill
any error
discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
Size,
or
Par
Amount
Outstanding
Value.
i
Rate per
Cent.
When
Where
pal. When Due
Payable, and by Stocks—Last
Whom.
payable
Dividend.
!
■
i
140
Vicksburg & Meridian—1st mortgage
140
140
2d mortgage
3d mortgage
income (not cumulative)
Vicksb. Shrecep. & Pac.—Prior lien rnort., gold
1st mortgage, gold
3d rnort., and 1st rnort. on land, gold
"Virginia Midland—Stock
Bonds, 1st series
189
189
189
354
do
2d series
'
do
3d series
do
4 th series
do
5th series
do
6th series
Income mortgage bonds strictly cumulative
General mmt.. int guar, by R. A D., $12,500,000
Virginia d Truckee— i st M.(pay’ble $100,000 a year)
Wabash St. Louis & Pacific—Stock, common
Preferred stock, 7 percent (not cumulative)
1st rnort., gold (Ohio. Div.h
i
1st rnort., gold, Detroit Division...
Wabash, 1st rnort. (Toledo A Illinois)
1st rnort. (Lake Erie Wab. A St. L.)
do
do
1st rnort. (Great Western of 1859)
do
1st rnort. (Quincy A Toledo)
1st rnort. (Ill A So. Iowa) extended
do
do
do
do
do
2d mortgage (Toledo A Wabash)
2d mortgage (Wabash A Western)
2d mortgage (Great West, of 1859)
Consol. M., (on all but Dec. A E St.L.)..
.
•
•
•
m
m
m
a
..mm.
m
m
m
m
347
52
262
112
75
167
180
33
29
75
167
180
490
1881
1881
1881
1885
188 L
1886
$1,000
1853
1858
1865
1867
100
4,940,363
1,000
500 Ac.
1,600
1,000 •
1881
1881
1881
1881
1881
1881
1882
1886
1874
1880
1881
1853
1853
1863
1865
1862
1,000
$1,000,000
1,100,000
1,920,000
1,323,000
4,000,000
2,500,000
m
m
•
....
•
•
•
•
•
•
-
•
601,000
3,717.0)0
1,000
200,000
(?)
(?)
4,500,000
2,052,000
900,000
1,000
1.000
1,000
1,000
Miles road
operated
Earnings—
Passenger
Freight
7
500 Ac.
250 Ac.
KKTAC.
1,000
1,000
1,500,000
2,500,000
2,610,000
7
7
7
1,000
140
143
.$190,215
300,026
$169,162
$164,818
307,609
$155,903
9,307
5,342
8,991
11,927
6,445
11,095
13,089
13,10)
10,303
7,191
.$513,884
$495,603
$503,301
394,061
443,939
426,498
$531,772
48 4,362
$119,823
$51,663
$76,806
$47,409
.
Express
Miscellaneous
Total
expenses
Net earnings
Chargeable against
296,973
7,467
10,320
345,2 68
$16,800
103,083
104,600
$16,741
114,083
3,292
7,049
7,633
15,894
$18,2=5
125,083
14,232
4,477
4,416
4,298
$133,660 $151,135
Net deficit
$10,102
$81,997
$74,329
—(V. 43, p. 6J6; V. 44, p. 586, 680, 714; V. 45, p. 54, 113.)
$161,899
$114,489
.
$17,550
paym’ts charg’ble to rev.$130,225
Vicksburg Shreveport Sc Pacific.—See Map
Orleans d Texas Pacific.
From Delta, La.,
on
Cincinnati New
Mississippi River, to
Shreveport, 169 miles, and extension to Texas State Line. 2o miles
(the latter leased to Tex. & Pac.); total, 189 miles. The company was
chartered as Vicksburg Shreveport & Texas, and opened from Delta
Monr< e, La., in 1861; the rest of the line to Shreveport was not
opened till 1884. The old road was sold in foreclosure Dec. 1, 1879,
and reorganized under present title. The stock is $3,090,000, of which
to
the Ala N. O. & Texas Pacific Junction KR. Co. holds $1,594,<»00, and
controls this company, also holding $3,69_',0( Oof the 1st mortg. bonds
and $1,931,000 incomes.
In 1885 it was voted to issue the above pi lor
lien bonds lor improving the road bed, completing the transfer across
the Miss. River, Ac. In 1886 the old income bonds of +2.500,000 and
the stock were to be exchanged for 3d mortgage and land bonds. (8ee
V. 43, p. 104 ) Gross receipts for 1885, $448,800, (V. 43, p. 104.)
Virginia
Midland.—(See Map of Richmond d Danville.)—Line
OF Road.
From Alexandria to Gordonsville, 88 miles; Warren ton
Branch, 9 miles; Charlottesville to Lynchburg, 60 miles; Lynchburg
to Danville, 66 miles; Pittsville Branch, 9 miles; Manassas Junction
to Harrisonburg, 11 a miles (of which 49 miles leased to Balt, A Ohio;;
Front Royal Branch, 1 mile; total owned, 347 miles. Leased. Orange
C. II. to Charlottesville, 28 miles; Pittsville to Rocky Mt., 30 miles;
—
total leased, 58 miles
Total owned and leased, 405 miles, of which 51
miles, Strasburg Junction to Harrisonburg, is leased to the Balt. A Ohio,
leaving 354 miles operated.
The Washington c ity Virginia Midland A Great Southern was a con¬
solidation (November, 1872) of the Orange Alexandria A Manassas and
Lynclibuiv & Danville railroads. The Orange Alexandria at Manassas
was a consolidation (June 1, 1867) of the Orange it Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬
ern was put into the hands of a receiver July 1, 1876, interest being in
default, and was sold in foreclosure May 13, 1880, and after litigation
sold again Deo. 20, ls80. Reorganized as Virginia Midland, ana bonds
and stock issued as above.
In April, 1886, a lease of this road was made to the Richmond A Dan¬
ville on the basis of a pa vonent of the flxet charges and the payment
by the lessee of any balance of net earnings to the Va. Midland Co. The
lessee may if it chooses advance the money for interest on the six
•cries of prior bonds if earnings are insuliioient, but guarantees posi¬
tively the general mortgage nterest.
Of the above bonds, the first series is a first lien between Alexandria
and Gordonsville, including lease of Charlottesville A Rapidau Railroad
and the Warren to a Branch; the second series is a second lien between
Alexandria and Gordonsville, including Warreutou Branch and lease of
Charlottesville and Rapidau RR., and a first lieu between «lharlottesville
and Lynchburg; the third series is a third lien between Alexandria and
Gordonsville, including Warrenton Branch aud lease of Charlottesville
& Rapidau RR., and a second lien between Charlottesville and
Lynch¬
burg; the fourth scries is a fourth lien between Alexandria aud G«»rdonsVille,including Warrenton Branch and lease of Charlottesville & Rapnlan
RR., and a tnira lieu between Charlottesville and Lynchburg; the tiftL
series is a first lien between Manassas Junction and Harrisonburg,
in¬
cluding Front Roj al Branch and lease of road from 8traaburg to Harris
7
A. A 0. N. Y.,Muller,Schall
M. A N.
de
do
do
A Co.
April 1, 1921
May 1, 1921
do
June 1, 1921
Nov. 1, 1915
M. A N. N.Y., Farmers’ L. AT. Co.
J. A J.
do
do
1st coupon due Jan., 1888.
M. A S. Balto., Mech. Nat.Bank.
M. A 8.
do
M. A S.
do
M. A S.
do
M. A 8.
do
M. A S.
do
J. A ,T.
Last paid Julv, 1884
M. A N. N.Y., Central Trust Co.
Q.-F. San Fran., Bank of Cal.
J.
J.
F.
F.
J. Last
J. Last
A. Last
A. Last
F.
A. laist
M.
N. Last
F.
A. Last
M.
N. Last
M.
N. Last
M.
N. Last
Q.—F. Last
A
A
A
A
A
A
A
A
A
A
Aug. 12, 1920
Jau. 1, 1916
Mar. 1, 1906
Mar. 1, 1911
Mar.
*
1, 1916
Mar. 1,
Mar. 1,
Mar. 1,
1921
1926
1931
Jan. 1, 1927
Mavr 1, 1936
Aug. 1, 1889
paid Ian. 1, 1885 July 1, 1910
paid Jan. 1, 1884 July 1, 1921
paid Feb. 1, 1885 Aug. 1, 1890
paid Feb. 1, 18=5 Aug. 1, 1890
paid Feb. 1, 1885
Aug., 1888
paid May 1, 1885 Nov. 1, 1890
paid Feb. 1, 1-85 Aug. 1, 1912
paid Nov. 1, 1884 May 1. 1893
paid Nov. 1, 1884 May 1, 1893
paid Nov. 1, 1884 May 1, 1893
paid Nov. 1, 1884
Feb., 1.907
sonburg to the B. A O. RR., and a fifth lien between Alexandria and
Gordonsville, including Warrenton Branch and lease of Charlottesville
& Rapidau RR., aud a fourth lieu between Charlottesville and Lynch¬
burg; the sixth series is a first lien between Lynchburg and Danville,
Including Pittsville Branch and lease of Franklin & Pittsylvania RR.,
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The income mortgage bonds were issued to retire 1st and 2d preferred
stock; the interest is strictly cumulative, and secured bvthe mortgage,
and in July, 1885, the coupon due July, 1884. was paiil. These bonds
are exchangeable into the general mortgage bonds
bearing 5 p. o. inter¬
est, and guaranteed by the R chmond A Danville RR. Co.
Of the general mor gage bonds of 1886, $7,635,00 ) are held to retire
the serial bonds, $4.00o,000 for the incomes, and $865,000 to be issued
for floating debt, improvement, etc.
Earnings for the years ending September 30 were :
1881-82
1882-83
1883-84
Gross receipts.
$1,491,921
....
Operat’g exp’ses. Not receipts.
$945,116
$546,804
354
354
354
354
956.19 4
1,664,204
708,009
1,625.830
999,217
626,612
1=8 4-85
990 432
1,554,375
563.943
1885-86
1,551,703
1,032,431
519,272
In 1882-83 $119,908 in addition to above expenses were spent for con
struetion. Ac.; in l*-83-4, $:98.841; and in 1881-5, $8 » 835.
New York
Otlice, 2 Wall St. <V. 43, p. 488 ; V. 44, p. 204, 681; V. 45. p. 85.)
....
....
....
....
Virginia Sc Truckee.-Reno, Nev.. to Virginia, Nev., 52 miles
are payable $100,<n)0 per year.
Gross earu ngs in 1886
were
$702,89 4; net, $353,544; dividends, $270,000; interest and
bond payments, $303,170.
In 1885, gross, $599,149; net, $282,668;
interest paid, $47,500; dividends. $180,000; bonds redeemed, $100,00l>; deficit, $44,832. D. O. Mills, President.
The bun ts
revenue
For taxes
For interest on bonds
For iut. on current accounts
For expenses of land dep’i...
Tot.
7
6
Miles.
Mail
Operating
140
31.
1886-7.
140
.
k
2,49t»,000
500,000
300,000
1,000,000
1,000
A receiver wTas appointed in 1-85 on
judgment obtained against it. and an outline of the proposed plan of
reorganization was given in the Chronicle, V. 44, p. 714, and modifica¬
tions in V. 45, p. 113. Annual report for year ending March 31, 1887,
in Chronicle of May 28, 1«87, p. 680.
1S85-6.
5 g.
»8 g.
7
7
a
1884-5.
3-4-5
5
4 A 5
6
5
10
2,500^000
612; common stock, $3,962,100.
1883-4.
1,100,000
950,000
1,775,000
1,309,000
6
1,000
,
EXPENDITURES FOR YEARS ENDING MARCH
6
6
1,000
Vicksburg Sc Meridian.—Line of Road.—Vicksburg to Meridian’
Miss and branch, 143 miles. In Oct., 1885, the gauge was changed to the
standard 4 feet 8
inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by the
Ala. N. O. Tex. & Pac. June. Co. The company was unable to earn full
interest, and reorganization was made in 1881. Preferred stock. $1,940,-
RECEIPTS AND
600,000
1,900^000
m
6
4 to 6
7
6 g.
6 g3-4-5 g.
Wabasli St. Louis Sc Pacific.—The roads East of the Mississippi
River (operated by Receiver Julm MeNulta, except the Detro't Division)
embrace the following pieces covered by the seve-al mortgages: Toledo
A Illinois first mortgages—Toledo to Indiana State line, T5 miles. Toledo &
Wabash, second mortgages
Toledo to Indiana State liue, 75 miles; Lake
Erie Wabash & St Louis, first, mortgages—Ohio State lino to Illinois State
line, 166 mih s; Wabash & Western, second mong g»*, Ohio State line
to Illinois State line, 166 miles; Great Western of 185.b tir-t and second
mortgage-Indiana State line to Meied<*si i and Naples Ill., 180 miles;
Illinois A Southern Iowa, isr mortgage—Clayton to Carthage, Ill., 29
miles; Quincy A To’edn, 1st mottgage—Clayton to Meredo*ia, Ill, 33
miles; Decatur <v East St. Louis, first mortgage —Decatur to E. St.Louis,
108 mile-; Hannibal ANaples, 1st im rtgage—Hannibal, Mo., to Naples,
Ill., 50 mites; Wab. St. L. A Pacific (Chicago Division), 1st mortgage—
Sneator, Ill., to Effingham ami Altamont and Strawn to Chicago, 268
miles; Wab. St. L. A Pacific (Detr oit D.vision), 1st mortgage.—Detroit to
Butler, Ind., 114 miles. The total mileage op« rated is 956.
Organization. Leases, Ac.—The Wabash St. L<>uis A Pacific was
formed Nov. 7, 1879, by a consolidation of the Wabash and the St. Louis
Kansas
City A Northern roads and their branches. The Wabash Com¬
had been organized Jan. 1, 1877, as successor of tin* Tol do Wab.
A West., which company was formed June 25, 1856, by a consolidation
of several companies, and defaulted on its interest in 1875 and was fore¬
closed Juno 10, 1876. The St. Louis Kansas City A Northern was
pany
formed in 1871 as successor of the North Missouri Railroad, which was
sold in foreclosure August 26, 1871.
In April, 1883, the Wab isti St. Louis A Pacific was leased for 99 years
to the St. Lonis A Iron Mountain (and thus to the Missouri Pacific), on
the general liasis of paying over to the Wabash its net earnings each
year.
In May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt were
appointed receivers on the company’s own application in view of the
prospective default June 1 on the general mortgage bonds. Receivers*
certificates were issued for about $1,400,000 and notes for $2,183,000,
to taiie up notes endorsed by Messrs. Gould, Humphreys and ot hers, but
these were finally taken up by leaving to the said endorsers the $2,700,000 of collateral trust bond* held by them as security
The plan of reorganization was published in the Chronicle, V. 40,
p. 571, and. as afterward modified, in V. 41, p. 300, providing for the
issue of *30,000,000 new debenture bonds, to be disposed of as there
stated; also the following points wore embraced iu the plan:
rite whole property to ne foreclosed under the general and collateral
trust mortgages, an i upon receipt of the new debenture bonds, the hold¬
ers of general mortgage and collateral trust bond certificates to pay
two per cent in casn on the face of the new bonds, for which they would
receive debenture bonds or scrip.
After the formation of the new company, the Purchasing Committee
will oiler the new stock to the stockholders of the Wabash 8t. Louis &
Pacific Railway Company, at the rate of eight dollars i»er share on pre¬
ferred, aud six dollais per share on common stock, who, for the amount
so oaid, will be entitled to debenture bond*, or scrip, dollar lor dollar,
in addition to the snares in the new company.
The bondholders agree to take any stock and debenture bonds not
accepted by stockholders, upon the same terms, pro rata, the amount,
however, not to exceed five per cent on the face or their bonds.
The decree of foreclosure was made in January, 1886, aud the road
sold April 26, 1886, to the purchasing committee, who were the only
bidders, the price for all the properties sold being $625,000.
(Seo
Subscribers will
confer a great favor by
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
112
explanation of column headings,
on first page of tables.
giving immediate notice of any error
Miles
of
Road
Date
Size, or
of
Bonds
Par
.
Value.
Amount
Outstanding
discovered in tbese Tables.
Bo arf*—Princi¬
INTEREST OR DIVIDENDS.
,
Ac., see notes
[Vol. XLV
Rate per
Cent.
Where Payable,
Whom.
When
Payable
pal, When Due
Stocks—Last
Dividend.
and by
-
.
Wabash, St. Louis &
Pacific— (Conlinued) —
Wabash, 1st mort., (Decatur &E. St. Louis) .. . ..
Fund, debt bus. A sc, certs. (see remarks.)
do
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal A Naples, 1st mortgage
Wabash Western Stock
8t. L. K. C. A No., 1st mort. (North Missouri)
real estate A railway 2d mort....
do
do 1st & 2d M.onSt. Char. Bridge,coup.orrg
St. Louis Council Bluffs A Omaha—Stock
St. L<»uis Ottumwa A C. R.—1st mort
J
Des Moines A Northwet-tern— 1st mort
Ware River— Stock (guaranteed)
Warren (N.J.)—Stock
2d mortgage, now 1st
1st consol, mortgage
Washinaton City <£ Pi. Lookout— 1st
West Jersey—Stock
1st mortgage loan
let
do
consolidated
109
50
354
354
$1,000
1865
1874
1878
1,000
1,000
1,000
1875
1.000
1,000
1,000
42
115
.
49
18
18
500,000
il
18
12
186
38
63
128
M. bonds gold.
1866
1869
1879
bonds
_
750,000
3ifl
3*2
1,485,650
1,000,000
1,000,000
748,500
100,090
_
Aug., 1889
1885
188 5 Feb. 1, 1907
1884 April 1, 1909
1884 June 1, 1909
July 1, 1895
Sept. 1, 1895
of Commerce.
do
do
1903-1908
Oct., 1895
O. N. Y., Bk of Commerce.
Jul v 1. 1899
J.
July, 1887
J. Boston, Boat. A Alb. RR
April, 1887
O. N.Y., Del., L. AW. RR.
do
do
April 1, 1900
O.
March 1, 1905
do
do
8.
1903
D. Baltimore.Balt. A O.RR.
S. Phila., Pa.RR.Co. Oflice Sept. 15, 1887
do
do
Jau., 1896
J.
Oct., 1899
do
do
O.
Nov., 1909
do
do
N.
do
do
Aug., 1925
A.
&
A
A
A. A
A. A
A.
M. A
J. A
M. A
J. A
A. A
M. A
F. A
'
■
•
.
.
A. Last paid Feb. 1,
A. Last paid Feb. 1,
O. Last paid Oct. 1.
D. Last paid Dec. 1,
J.
J.
7
7
6
3
6
7
6
6
750,000
600,000
540,000
50
500Ac.
500 Ac.
5 00 Ac
_
7
7
1,800,000
50
100
_
322,500
135,000
&
&
A
A
J. A J. N. Y., Bk.
do
M. & S.
do
A. A O.
7
■3,000,000
1,388,500 6 & 7 g.
6
626,000
ibo
....
7*'
6,000,000
..
1855
1870
1875
1873
F.
F.
\.
J.
7
6 & 7
7 g.
7
$2,700,000
3.009,850
2,000.000
500 Ac
42
Consolidated mortgage
Ocean City RR.
1869
1877
1879
1879
.
-
But there was some delay in the confirmation of
sale, the floating liabilities including receivers’ debt, Ac.. being
about $4,000,000, and there yet remained a largo amount of over¬
due interest on the prior mortgage liens. The Committee of Reorganiza¬
tion in June, 1886, propost d to the holders of all mortgages on the road
eaat of the Miss. River that their future iuteres' should be reduced to 5
V. 42, p.
537.)
interest funded to l*s6, (see proposal in V 42,
bondholders made opposition to this, and alter litigation
removed
order of Judge
receiver of most of
the section tl mortgages. The
surrender of these lines
afterward took pos¬
Wabash
west of the
Mississi) pi River and organized the Wabash A Western.1 Suits to fore¬
close the I 1. A So. Iowa mort. and the Great Western of 1859, aiso the
consol, leorr. of 1867, were begun iu Jan., 1887.
The situation of Wabash in March, 1887, was substantially this: The
Purchasing Committee had bought the whole property at force.osure
percent and overdue
p. 695). Some
the receiveis Tint and Humphreys were
by an
Gresham, and Judge Tlios. M. Cooley was appointed
the lines east of the Miss. River covered by
order made by Judges Brewer and Treat for tlie
The purchasing committee
was in V« 1. 44, p. 10.
session of the lines yet remaining in the
system
under tin-g'neral and collateral trust mor gages, which were thereby
extinguished,as also the stock. The Committee then held the property in
trust i or the ■ on in r
for the stockholders
ments
holders of gen ral and collatera
trust bonds and
who had come into the plan and paid their assess¬
In the. meantime suits had he* n sta'ted to tor-close the prior
River, and most
mortgages on some of the lines east of the Missies ppi
of those lint s were placed in the haudsof a new receiver, Judge Cooley.
Tin
Purchasing Committee organized the, new Wabash Western to
include the lines yet in possession of the receivers west of the
sippi Riv« r, and aoo expected t<> take or to operate by
troit Division, Bntier, Ind., to I>« troit, and tue Eel Riv» r leased
Oi the Detroit Division some of ilie bondholder in April, 1887, con¬
sented to fund back coupons and take, new bonds at 5 per cent lor their
old bonds.
operated in close connection with the
into St. Louis, and the formal lease
placed the Wabash In com¬
plete control of the Missouri Pacitic prior to the appointment of receivers
for the Wabash.
From Jan. I to July 31, 1887 (7 mos.), gross earuings of lines east of
the Mississippi w ere $3,689,304, against $3,595,899 iu 18*6; net, $1,-
of the net profits. The road was
Gould Southwestern system running
to the St.
202,389, against $747,256.
Earuings, expenses, Ac., for four years Were as
being in 1883, 3,560; in 1884, 3,582; m la85, 2,779,
Receipts—
Total income..;.
Deduct—
Rentals paid
Interest on debt
rated by the Wabash
following will give an
r
A Chicago; Toledo
he found under its
own nan e
the Mo la. A Nebraska was sold Aug 19, 18-6. a;.d is now
the Keokuk A Western; tin* St
L. K. C. Sc Northern, Omaha
Division, was t-ohl Dec. 28, 1886, and is in process of reorganisation;
theClarinda Branch sale v as adjourned to March 1887. The O. Divi¬
sion committee issued a circular in March, 1*87 (V. 44, p. 370). The
new bomb d debt will be $2,30 ,600 1>is, and J coupons wi 1 be fit- ded
and 1 coupon held for betteimcnts a to in of $2,702,5->0 4 per cent 50year golu bonds. Preferred stock will be issued to ihe amount of $_',208,* 00
T he reduced interest from 7 to 4 per cent will be represented
by this pref-rred and by common stock to the amount or $2,300,0u0.
Holder.** of trust certificates lor > he old bonds deposited will get for each
$1,000 $1,140 in 4 per cent bonds, $.-60 preferr. d stock, a d $1,00
common stock t<* be In Id in trust.
The annual charge will be $108,->00,
against $lb4,500 before. Net earnings f ,r year ending March 6, 18*7,
estimated at $123,000. The Quit c\ Mo. a Pacific was sold in May,
188b, and is to be. reorganized with stock only tinder a title yet to
be chosen. The Champaign Ilav Sc West, amt tlie R.intoul (narrow
guage) road were sold iu Sept, and Oct., 188'-. and were afterward
absoibed by the Illinois Central. The ( hie. Cm. A Louisville was sold
St. Louis A Pacitic have been foreclosed, and the
account ol them :
The C no Division is now the Cairo Vincennes
Peoria A Western was sold Oct. 29, 188b, and will
of ti e mortgages.
Albia, 24 miies, was sur¬
rendered by the Waba h, and lias been operated by Thomas Thatcher,
receiver ol tin Missouri low a A* Neb.; a decree wasobtamed, and the roa i
might have been lorcclosed, blit iu Sept., 1887, it wus. leased to the
Keokuk A Western.
Stocks and Bonds.—The old pref. stock had a prior right to 7 per
cent inon-cumulative); then common to 7.
Prices of stock since 1879 have been: Common in 1880, 26*u«>48 ;
In 1881, 3314«,60; in 1882, 235gVz>3978; in 1883, 15®30*4; in 1884,
43)1931; in 1885, 2vrl5bj; in 1886 (pur. com. receipts), 12S245s; in
1887, lo Sei t. 16, inclusi\e, 13Js-«.22^j.
Preferred in 1880, 51*4 »88:,b;
In 1881. 6414«,9614; iu 1882, 457ya,7158: iu 1*83, 291s3>571g; in 1884.
9a>32; in 1885, 6*8 3)25; in 1886 (pur. com. receipts) 23;%3'4178; in
1887, to Sept. 16, inclusive. 23 3* 3 38 *4.
First n.oKgage ou St. Charles Bridge is for $1,000,000, and is 6 per
cent now, running absolutely till 1908.
The amount of funded debt bonds of 1877, due 1907 as above given
Includes the scrip certificates for coupons funded and deposited iu trust,
which ccrtiticatcs amounted January 1, 1883, to $1,014,453, aud are
exchangeable into the bonds. If not exchanged the certificates fall due
with the principal of the bonds from which coupons were cut.
The collateral trust bonds ol 1883 were issued for floating debt.
These bonds were guaranteed by the St. Louis Iron Mountain A
Southern RR. Co., and in 1884 a mortgage was recorded on all the
Wabash property for $10,000,000 to tlieSt. Louis Iron Mt. Sc Southern as
necnntv un tins guarantee.
These aia1 the general mortgage bonds
were 10 take new dehemurts under the plan of ie< rganization.
Operations, Finances, ac.—The Wabash St. Lotus A; Pacitic extended
its lines very widely in the years 1879 to 1882 (under the presidency ol
Mr. Solon Humphreys), by the acquisition ot branch and connecting
roads, and thereby assumed heavy liabilities. Although the earnings
increased largely, tho annual liabilities were still far iu excess
Nov .13, 1 So6, and is operated by the trustee
The <_‘» nticville Moravia Sc Alma, Relay to
1884.
1885.
1886.
$
$
$
1,899 938
2,974,636
68,553
63,501
4,940,191
3,038.137
452,566
2,610,329
240,339
2,850,668
1,968,491
4,399,716
2,727,348
598,100
902,779
5,544,169
3,555,592
1,500,879
1,144,453
.
1,507,403
$
$
433,615
786,0 »0
1,219,705
$
$
828,244
$
Total
Balance, after inter¬
est aud rentals
df.
782, 803;
1883.
3,584,195
Net earnings
Other receipts
AUXILIARY ANL) LEASED LINES.
branch and leased lines foi meriy opt
below, the mileage
and in 1886, 2,19b*.
INCOME ACCOUNT.
Missis¬
consent tin- De¬
line.
Many of the
Louis & Iron Mountain Company
df. 704,924 sur.
467,612su. 1.818,432
V. 45. p. 166.)
of
possession
Wabash Western.-The road owned includes those pa: ts
the former Wabasii Sr. Louis & Pacitic west of the .MississippiRiver that
remained in the system when tin- purchasing committee took
in March. 1887: also certain lams east of the
Mississippi that Judge
Cooley did n it take. Tin* total mileage operated in May, 1837, was re¬
ported by the Wabash Weste n as 945 miles, made up as follow.-: St.
Louis to Kansas Ciry, 276 miles; Levee to Ferguson, lu in.; Centralia
to Columbia 22 m.; Glasgow' to Salisbury. 15 m ; Moberly to Coatesville,
88 m.; Coatesville to Ottumwa, 43 m.; Brunswick to Chillicothe, 3 1 m.;
Pattons"iirg to Chillieotho, 42 in.: total, 531 miles. Ihe track of the
Chicago A Rock Island road from Ottumwa to Gibbon, 37 miles, is also
used. ’Tiie following ro ols are operated in addition; Des Moines & St.
Louis (Des Moines to Albia), 67 miles; Dos Moines & No. to western (Des
Moines to Foula), 115 m.; Detroit Division, 113 m ; Eel River, 93 m.;
Champa gn & Sidney, 11 m.; A ti -a Sc Covington, L4 m.; total, u 15 m.
Whole mileage operated about 990 mil s.
Toe bonds
of St. L. Ottumwa
AC. R. RR. and the Des M.
Sc N. W. ace
guaranteed, the roads b< ing merely leased and operated by W. W.
From Jan. 1 io June 30 in 1887 (6 mos.) gross earuings were $2,927,698; net, $394,596. (V. 44, p. 344, 370, 466, 713.)
not
Ware
River.—Palmer, Mass., to
leased for 999 years to the Boston
per cent per annum. J. A. Ruiurill,
is
Wincheudou, Mass., 49 miles. It
A Albany Railroad at a rental o; 7
President, Springfield, Mass.
Delaware
Warren, N. J.—Line or road, New Hampton Junction to
Bridge, N. J., 18L4 miles. The road is leased to Delaware Lackawanna
&-Western at 7 per cent on-stock and bonds. John I. Blair, President,
Blairstown, N. J.
WaHlitugtou City Sc Point Lookout.—Hyattsvllle,
Shepherd, Md., 13 miles, and to be extended. This road was
1873.
It is leased to tho Baltimore A Ohio for $36,000
annum.
The stock paid iu is $1,000,000. S. T. Suit, Pres’t.
Md., to
opened in
gold per
branches—Camden to Cape May,
Jersey
stock
to stockholders, at par, to provide acquisitions aud improvements.
From Jan. 1 to July 31, i8~7, (7 mos ), gross earnings were $300,485,
against $249,170.
against $725,497 in 18^6; net, $294,5
The annual report for 1886 was published in the Chronicle, V. 44,
p. 494.
Income account for four years (including 1886) was as follows;
Went
Jersey.—Main line and
Bridgeton, Riddleton, Sea Isle, Ocean City, Ac., 159 miles; West
Sc Atlantic Railroad., 39 mile.* ; total, 193 miles operated.
It was voted in June, 1887, to issue in August, 20 per cent new
income account.
1883.
Receipts—
$
1884.
$
1885.
$
1,319,648
1,286,012
441,896
5u3,305
11,966
476.627
14,008
Total income
441,890,
Disbursements—
$
515,271
$
41,270
490,625
$
39,008
175,174
81,990
Total gross earuings
’
Net earnings
Other
1,227,654
receipts
Rentals paid
Interest on West Jer. debt..
N«*t earn.of W.J.AA.RR..A0
Dividends
Rate of dividend
36,571
178,888
Total disbursements
373.766
394.900
385,375
68,130
120,371
105,250
Balance, surplus
(V. 41, p. 491, 782.)
175,174
73,075
85,232
90,668
87,788
6 p. C.
6 p. C.
89,113
6 p. c.
1886.
$
1,352,458
506,274
21,350
524,624
$
41,745
180,174
90,081
89,140
6 p. o.
401,140
123,434
MISCELLANEOUS
1887.]
'September,
Subscribers will confer a great favor by giving
DESCRIPTION.
For explanation
of column headings, &e., see
on
West Jersey &
first page
of tables.
I
*
448
60
44
160
138
90
90
1880
....
1835
1881
1868
1870
1873
1870
1872
Amount
Outstanding
$1,000
Rate per
Cent.
80,0o0
l.OOO&e
50,006,000
1,100,000
1,000
340,000
1,171,000
311,000
875,000
1,000,000
....
1,000
1,000
500 &o.
275.000
130
189
57
28
Registered bonds
....
65
186
227
of it pref.)
Wheeling A- Lake Erie.—1st M., gold ($3,000,000)..
Wilmington Columbia <£ Augusta—Stock
While Water—Stock ($325,000
850,000
....
....
1881
1884
1863
1865
1883
1,000
1,000
2,575,000
500 <fcc.
100 Ace.
800,000
1,000,000
2,500.000
1,300.000
2,788,000
960,000
1,600.000
1,278,050
1886
4.110,000
1,000
1,000
....
1880
1st mortgage
Wilmington <£• Northern—Stock
Wilmington
Weldon—Stock
Sinking fund bonds, gold
Gen. mortgage for $4,000,000
Wisconsin Cent. Co.—1st mort. (for $12,000,000)...!
Income bonds, non emu (for $J,000,000)
j
Wisconsin Central—Consol, mort., land grant, pref. !
j
j
87
222
ioo
2,500,000
936,000
....
1885
....
....
326
326
326
101
50
1879
1879
1879
1884
18S7
....
(0
co
j
360,000
3,800,000
5,700,000
2,600,000
1,5* >(),i 00
....
....
....
1,000
....
When
M.
J.
J.
J.
Ac
Ac
&
&
A. Ac
A. Ac
Q-J.
J.
J.
Ac
Ac
tfc
J.
Atlanta, Co.’s Office.
Mechanics’ B’k
j.
M. & N.
Ralei/h, N. C.
J. & J. N. Y., Central Trust Co.
A. Ac O.
A. & O. Philadelphia, Penn. RR.
do
J. Ac J.
do
do
J. Ac D.
do
J.
5
Whom.
J. Balt., N.
J.
4
7 g.
6
Payable, and by
S. Phila., Fidelity I. T. Co.
J. Pliila., Penn. RR. Offloe.
New York.
J.
New York, office.
J.
O. N.Y., H B. Hollius&Co.
do
do
O.
A. Ac O.
J. Ac J.
J. Ac D.
5
7
Where
Payable
5 g.
3
6
5
5
5
5
1,336,000
....
.
6
6
4
6
8
8
10
6
6
6
5
7
6
6
6
6
5
$ too,000
100 &o.
'87n'000
Western Nortn Carolina—1st mortgage, coup
Consol mortgage, coup, for $3.425.000
2d consol, inert., coup. ($L5,000 p. m.)
Western Pennsylvania—1st mortgage
1st mortgage, Pittsburg Branch
182-543.
INTEREST OR DIVIDENDS.
Miles
of
....
Western Maryland—id M., endorsed by Baltimore.
4th
do
endorsed by Baltimore
Funded coupons
Baltimore Ac Harrisburg RR., M (for $690,000)..
Penokee RR —1st mort
immediate notice of any error discovered in tbese Tables.
Date
Size, or
of
Par
notes !!
Road. Bonds Value.
Atlantic—1st mortgage
113
BONDS.
AND
!
Pleasantville & Ocean City
West Shore— 1st M.t guar, by N.Y.C.& Hud., cp., rg.
West Virginia Central <£ Pittsburg—1st rnort., gold.
Western (Ala.)—Western RR. bonds, before consol..
2dmort..guar. by Cent, of Ga.and Ga. RR. &B.Co.
Western <& Atlantic (Oa)—Income bonds
1st series
2d series, income (not cumulative)
Mort. Minn. St. Croix Ac Wis. RR
STOCKS
J.
New York.
Baltimore.
N. Y. and Baltimore.
Ac D.
Ac J. N.Y.,Bost.,Lond..Frank
Ac J.
N. Y. Ac London.
J.
Bonds—Princi¬
pal, When Due.
Stocks—Last
Dividend.
Sept. 1, 1910
July 1, 1910
2361
Tilly 1, 1911
Jan. 1,
Oct, 1. 1888
Oct. 1, 1890
Oct. ’87 to ’90
Jan., 1900
Jan., 1902
Jan., 1902
May 1, 1890
Jan. 1, 1911
Oct., 1914
April 1, 1893
Jan. 1, 1890
June 1, 1923
Oct.
1, 1926
July, 1887
June, 1910
Jan. 15, 1887
1896
1935
....
N. Y., 36 Wall St.
M. Ac N.
do
J. Ac J.
do
J. & J.
M. & N. N.Y.,Farmers’ L.&T.Co.
M. Ac S.l
5 p. ct. yearly
1909
1909
1914
1937
J., to Atlantic City, N. J. 351; deficit under charges, $1,765. Stock. $4,600,000 common and
7 miles; total, 41 miles $4,000,000 pref. The second cons.mortgage for $1,110,000 is held by
Opened June 17, 1880, and operated by West Jersey Railroad on a the R. Ac I>. Ter. R. Ac \V. Co., and also $1,325,00 » of the 1st consols,
Joint trattie agreement and 25 per cent of gross receipts on West given above. $850000 of same bonds are reserved to rotiro the lsts.
Jersey from tratlic of this road to be applied to any deficit in interest
Western Pennsylvania,—The road runs from Bolivar to Alle
and then as sinking fund for bonds purchasable at 105, or drawn if
City, Pa., 63 Lj miles; branch to Butler. Pa.. 21 miles; total, 84*s
over that.
In 1884 net earnings were $83,286.
Stock is $744,500. ghany
miles.
Completed in 1865 and branch in 1870. a new lease to th6
Two per cent dividend paid in July, 1884, three Jan. 1, 1885, two
Pennsylvania Railroad for 30 years was made in 1883, aud an issue of
September, 1885, two March 15. 1886, three December, 1886,2^ March, $5,000,000 consolidated bonds was authorized. The Pennsvlvania Rail¬
1887, and
September 15, 1887.
road. lessee, owns $993,050 stock out of the total amouut of $1,022,450
West Jersey Sc Atlantic.—Newfield, N.
84 miles; Pleasantville Ac Ocean City RR.,
West Sliore.—Line of road from Weehawken, N. J., opposite N. Y.
City, to Buffalo, N.Y., with branches to Albany City and Rochester City,
about 418 miles in all. This company was organized in December, 1885.
as successor to the N. Y. West Shore Ac Buffalo, sold in foreclosure.
Immediately on its organization the new West Shore Company issued
10,000,000 of capital stock, and made an authorized issue of $50,000,00 of 4 per cent bonds. A lease of the West Shore property to the Now
York Central company for 475 years was executed in compliance with
the plan of reorganization. The $10,000,000 of stock is owned by
the New York Central Company in consideration of that company’s
fiarantee
he mortgage
of theisprincipal
the $50,000,000
of new
bonds.
made toand
theinterest
Union of
Trust
Co., as trustee,
and covers
the line of road, Weehawken to Buffalo with branches, 448 miles in all,
and also the terminals at Weehawken by ownership of all the stock and
bonds of the Terminal Company. The guarantee of the N. Y. Cent. &
Hudson is absolute as to interest and principal and is endorsed on each
bond. A review at much le"gth of the status of the new West Shore
bonds
was
in the Chronicle, Y. 42, p. 176.
West Va. Central Sc Pittsburg—A coal and railroad company in
West Virginia in the upper Potomac region—the Elk Carden Coal Field.
November, 1884, in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles; Branch, Shaw. WT. Va., to Mineville, 2 miles; total, 60 mib-s.
Owns 32,244 acres of coal and lion lands covered by the
and has mineral rights on 5,407 acres more. In 1888,
first mortgage,
net from co il,
$34,031; from railroad, $52,329; miscellaneous, $884; total, $87,241;
interest, $66,000; surplus, $21,244.
In 1885, net profits on eoai sales,
$48,872; net from railroad, $34,053; total revenue, $82,925; interest
paid, $66,000; surplus, $16,925. Stock, $5,500,000. IT. G. Davis, Presi¬
dent; S. B. Elkins, Vice-President; James G. Blaine, W. II. Barnum,
and others, directors.
Alabama.—Line of Road—Selma to Opelika, Ala., 116
miles; branches, Opelika to West Point, 22 miles; total, 138 miles, of
which 50 miles is leased to Louisville Ac Nashville for $52,000 per
annum.
WTas a consolidation in 1870 of Montgomery & West Point and
Western of Alabama. Sold May 10, 1875, in foreclosure aud purchased
Jointly by the Georgia Railroad and Central Railroad of Georgia. The
old stock aud income bonds were wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each ot the
Western
companies. There are also $32,000 second mortgage 8s of Mont¬
Ac West Point RR. due May 1, 1888. The gross earnings in
1885-86 were $465,235; net, $165,160; deficit under interest and 1 ^
per cent dividend. $3,280.
above
gomery
Western Sc Atlantic.—Atlanta, Ga., to Chattanooga, Tenn., 138
miles. Built by State of Georgia and opened in 1850, ami by an act of
October 24,1870. was leased to a company for twenty years at a monthly
rental of $25,000.
In July, 1887, the lessee company put in a large
claim for betterments. See V. 45, p. 85.
Western
Maryland.—Line of Road—Baltimore to Williamsport,
Md., 90 miles; Emmitsburg Branch, 7 miles; Edgeiuont to Shippeusburg, Pa., 34 miles; total, 131 miles.
'1 he Baltimore Ac Harrisburg,
leased in.Now, 1886, comprised 78hj miles. The capital stock is $683,-
Tne company was largely assisted by tlxo city of Baltimore, and
unable to pay all its interest.
In 1886 the company proposed
that Baltimore city should pay off the $1,800,000 bonds embraced in the
first and second mortgages and take a mortgage on the railroad prop¬
erty as security; this was accepted by vote of the city, aud on Jan.
1, 1887, all ttie*said bonds were retired.
The Baltimore Ac Harrisburg RR. was formed by consolidation of
several small roads In 1886 and leased to the Western Maryland, which
also owns a large amount of the stock; of the issue of $690,000 bonds,
$415,000 are 1 eld in trust to pay off prior mortgages. The Western
750.
and $288,000 of branch
$177,981.
Gross in
1866, paid 3 p. e. div.
net.
bonds. Gross e timings in 1885. $1,159,514 ;
L386, $1,347,565; net, $607,542. In Deo.,
Cambridge City, Ind., 65
Valley, sold in foreclosure
May 2, 1878, and reorganized under this title. Gross earnings in 1880Wliite Water.—Valley Junction, O., to
miles. This was formerly the White Water
Elijah Smith, President.
Wheeling Sc Lake Erie,—Toledo, 0.,to Bowerston, O., 174 miles,
and branch to Hurou. O., 12 miles. The road was sold in foreclosure
April 23, 1886, and purchased by trustees of the reorganization com¬
mittee. (See V. 4 i, p.537.) New company organized in July, 1886,
with stock of $3,600,000. of which $1,513,400 issued to March 1, 1887.
In July, 1887, there was talk of issuing new sro <k and extending the
road to Wheeling. Gross earnings in 1886, $588,099; net, $129,113.
Geo. J. Forrest, President, 2 Wall St., N. Y.
(V. 43, p. 50; V. 44, p. 118,
149; V. 45, p. 26, 85.)
Wilmington Columbia Sc Augusta.—Owns from Wilmington,
N. C., to Columbia, S. C., 189 miles.
Leased jointly, the Central RR,
of South Carolina, Lane, S. C., to Sumter, S. C., 33 miles. Total oper¬
ated, 227 miles.
Road was sold in foreclosure, October, 1879, for $860,500, and com
87, $95,567; deficit, $5,498.
pany reorganized under present style.
In June,,1885, the road and property of this company were leased for
99 years to the Wilmington & Weldon, the lessee to pay all interest and
fixed charges and 6 per cent dividend on the stock, payable semi-annu¬
ally In January and July. In 1884-85 net receipts were $2 12,534; the
surplus income over interest and dividends was $86,934; in 1885-80
net receipts were $176,478; surplus $22,872 over interest and dividends.
Wilmington Sc Northern.—Owns from Wilmington Del., to
Birdsboro, Pa., 64 miles; branches, 24 miles; total owned 87 miles;
traokage leased, 5 miles; total operated, 92 miles. This company
was organized Jan. 18, 1877, as successor to the Wilmington Ac Reading
RR. Co., which defaulted on its Interest and was sold in foreclosure Deo.
4, 1876. Has bonds amounting to $228,700 in several small issues.
Gross earnings in 1886, $384,237 ; net earnings, $54,272; other receipts
$1,680. Paid interest, $12,570; bonds redeemed, $2,400.
Wilmington Sc Weldon.—Road extends from Wilmington to
Weldon, N. C., 163 miles; branch to Tarboro, 17 miles; Scotland Neck
Branch. 20 miles; also operates Midland N. C. RR., Gohlsboro to Smithrti*ld, 22 miles; total, 222 miles; also under construction branch from
Wilson to Fayetteville, 70 miles. Was leased November, 1872, to Wil¬
mington Columbia & Augusta Railroad for 99 years. The lessees made
default December, 1877, and the lease was surrendered April 13, 1878.
In June, 1885, this company took a lease for 99 years of the Wilming¬
ton Columbia Ac Augusta.
(See that company above.)
The fiscal year ends Sept. 30. The income account for four years waa
as
follows:
INCOME ACCOUNT.
1882-3.
ReceiptsNet earnings
Other receipts....
1883-4.
1834-5.
$294,631
$373,141
23,942
29,937
$374,100
103,182
$216,053
$313,573
$403,078
$477,282
was
Maryland operations for four years have been as follows:
Passenger
Freight
Gross
Miles.
Mileage.
Mileage.
Earnings.
12,876,711
16,201,680
$654,163
131
16,512,178
13,114,956
665,995
131
14,602,158
11,670,486
619,217
188586...
131
15.946,659
10,878,194
617,561
-(V. 43, p. 369, 432, 636, 670, 738.)
Western
line,
$254,175
258,245
232,135
239,137
Carolina.—(Sec map of Richmond <£ Dan¬
Salisbury, N. C., to Paint
Rock, Tennessee
miles; Asheville to Jarretts, 100 miles; total,
North
ville.)—Owns from
State
-
Net
Earnings.
190
financially embarrassed, and was
commissioners for the State of North
aroliua, and subsequently finished by the Richmond & West Point Ter
minal Railway <fc Wax 'house Co. In May, 1886, it was leased to the R.
290 miles.
The
road
was
urchased April 17, 1875, by
&D. Company.
In 1885-86 gross earnings, $523,740; net, $85,3^4;
deficit under charges, $53,340. In 1884-85. gross, $468,507; net, $324,-
Total
/!•) Qh’tl
VQPlYiPYi
1885-6.
$195,380
26,073
tQ
Interest
Dividends...(6 %)
$80,698
$79,305
$80,641
$138,353
124,914 (8%) 166,592 (8%) 166,592 (8%) 200,000
Total
$205,585
$247,290
$245,957
$338,353
Balance, surplus. $10,468
$71,283
$157,121
$138,929
-(V. 43. p. 636.)
Wisconsin Central Company.—(See Map.)—This company was
organized In 1887 to control the operations of the Wisconsin Central
and its allied lines under one management. The roads thus controlled
would he nearly 600 miles, as follows: Wisconsin Central, 250 miles;
Penokee, 50 miles; Wisconsin & Minnesota, 176 miles; Pack. <fe Montello, 7 miles; Minnesota St. Croix & Wisconsin, 110 miles; total, 593
miles. This company proposed to purchase, so far as possible, the seouriiies of the Wisconsin Central, Wisconsin Ac Minnesota, Penokee. and
Minnesota St. Croix Ac Wisconsin railroad companies. Against the
600 miles of road, it issues its securities as follows: First mortgage
bonds, $12,000,000 at 5 per cent; Income bonds, $9,000,000 at 5 per
cent, non cumulative; preferred stock, $3,000,000 at 6 per cent, cumu¬
lative; common stock, $10,000,000. It offered to the Wisoonsin Cen¬
tral Railroad owners to exchange their bonds and stock on the tenna
stated in V. 45, p. 24.
Wisconsin Central Railroad.—Owned on Dec. 31, 1886, the
main line and branches Stevens Point to Menasha, 65 miles; do. to
114
INVESTOR’
SUPLEMNT.
[Yol.
xlv.
Subscribers will confer a great favor
of column headings, Ac., see notes
first page of tables.
on
discovered in these Tables.
by giving immediate notice of any error
Miles
of
Road.
51
Wisconsin <& Minnesota—1st mortgage
Jpnmne
Chic Wis. A Minn.—1st mort., gold
Worcester dt Nashua dt Rochester—Stock
Bonds, mort
Bonds, mortgage
Bonds, mortgage
Nashua A Roeh., 1st mortgage
W. N. A R.—Mortgage
Zanesville <& Ohio— 1st mort., gold ($25,000 p. mile)
CANALS.
Date
of
Bonds
1880
m
m
•
•
.
•
•
.
48
or
Amount
Par
Value.
Outstanding
'
640,000
2,8*0000
1873
1875
1874
1886
100 Ac.
1879
1,000
....
3,099,800
275,000
250,000
400,000
575,000
150.000
(?)
1.000
•
•
•
■
500,000
2,079,213
50
14
w
14
184
184
184
184
~
Maryland loan, sinking fund
Guaranteed sterling loan
Bonds having next preference
Repair bonds, Act 1878
Delaware Division— Let M. (ext’d 20 yrs. in 1878) ..
Delaware <£ Hudson—Stock
1st mortgage, registered
Debenture loan of 1894, coup and reg
1st M., coup. A reg., on Penn. Div. ($10,000,000)
Lehigh Coal <£ Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, reg. (extended at 4^)
1886
....
....
....
Rate per
Cent.
$310,000
$....
100
100 Ac.
500 Ac.
lOOOAc.
500 Ac.
....
m'
•
Size
1,000
122
94
14
Albemarle & Chesapeake— Mortgage bonds
Chesapeake <& Delaware—Stock
1st mortgage (extended in 1886)
Chesapeake <£ Ohio—Stock
1st mortgage,
115
BONDS.
AND
Bonds—Princi¬
INTEREST OR DIVIDENDS.
DESCRIPTION.
For explanation
STOCKS
CANAL
1887.J
September,
2j>02,950
500 Ac.
25
500 Ac.
500 Ac.
500 Ac.
2;ooo;ooo
493,000
60
148
148
....
....
1858
1871
1874
1877
339
....
....
registered, railroad
1,000
....
1869
1864
1867
800,000
24,500,000
5,549,000
4,829,000
5,000,000
100
....
1,000
1,000
lOOOAc.
50
500*Ac.
Var.
Var.
12,676,700
747,000
Payable, and by
Whom.
Payable
A J. N. York, J.
Stocks—Last
Dividend.
B. Colgate. Jan.
1,
1910
7
J.
6
3
4
5
5
5
4
6 g-
M. A S N. York, J. B Colgate. March 1, 1910
J. A J
Worcester, Office.
July 9, 1887
do
do
Various
(?)
A. A O. Bost., Globe Nat. Bank. April 1, 1893
Feb. 1, 1895
do
do
F. A A.
do
do
A. A O.
April 1, 1894
Jan. 1, 1900
do
do
J. A J.
Feb. 1, 1910
New York Agency.
F. A A.
7
J.
J.
J.
J.
5
3,851,593
4,375,000
1,699,500
Where
When
pal,When Due.
6
5
6
6
6
1*4
7
7
7
2
6 g-
5,000,000
41*5
2,000,000
6
A
A
A
A
J. N. Y., Union Trust Co.
D.
Philadelphia, Ottioe.
do
do
J.
J.
July 1, 1909
July, 1916
1870
1890
1885
1898
Bait., A. Brown A Sons
Q- J
Q-J.
Loudon.
A J. Balt., A. Brown A Sons.
A J. Balt., Farm. A Meoli.Bk,
A J.
July 1. 1898
Phila., 226 So. 3d st.
Q-Moh. N. Y., Bk. of Commerce. Sept. 15, 1887
1891
do
do
J. A J
1894
A. A O. N. Y. Office A Bk.of Com.
do
do
M. A S.
Sept. 1, 1917
J. A D.
Philadelphia, Office. Juno 11,1887
1894
do
do
M. A S.
do
do
July 1, 1914
Q-J.
1897
do
do
Q-F.
J.
J.
J.
i
I
Ashland, 188 miles ; do. to Portage City, 72 miles: branches and spurs, I railroads, viz: Lackawanna A Susqueliannah, Nineveh, N. Y., to Jeffer¬
25 miles; total owned,349 miles. Leased: from Neenah to Schleismger- son Junction, Pa., 22 miles; Valley RR., Carbondale to Scranton, Pa.,
17 miles; Union RR., Green Ridge to Mill Creek, Pa., 17 miles; Ply¬
ville, 64 miles; Packwaukee to Montello, 7 miles; operated under eon
tract, Milwaukee to Sekleisingerville, 33 miles. Total operated, 450 mouth A Wilkesbaire RR. and bridge, 3 miles; Gravity RR., Olyphant
to Honesdale, 56 miles; total owned, 114 miles; track of Jefferson RR.
miles.
used by contract, 35 miles; total operated in Pennsylvania, 150 miles.
In January, 1879, the Wisconsin Central Road was taken possession of
by the trustees for bondholders, who Htill operate it. There was a This company is amongthe largest miners and carriers of anthracite ooai,
The stock was increased to $30,000,000 to pay off the bonds due ftn
land grant of 831,700 acres, of which 177,816 acres had be n sold to
Dec. 31, 1886, for $554,687.
Litigation is pending on $200,000 bonds 1884 and 1891. The remaining $5,500,000 in treasury will be issued In
as to preferences claimed by one holder.
Interest on the second series is 1891, to take up an equal amount of 7 percent bonds. To shareholders of
May 24, 1883, there was allotted 35,000 shares to be paid for at par.
To shareholders of Oct, 1, ’86, there were allotted 10.090 snares.
The annual report for 1886 in V. 44, p. 243, had the following:
The President, in commenting upon the result of operations in 1886,
which showed a trifle over 5 per cent on the stock save: “ This result
is better than could have been reasonably anticipated, considering the
arable
J. ending
dependent
on ofthe$2,000,000
net earnings
of the
E alf
and J., six
butmonths
Thetime
stock
preferred
year
before.each
and
$9,435,500 common was deposited in trust with Stewart
and Abbot,
Trustees, to be voted on until all interest should be earned and paid on
bonds
Trustees’ certificates for new stock (without voting power) have
been issued to the old stockholders, which oass as a delivery on sales.
The Milwaukee A Lake Winnebago RR., from Neenah to Sclileisiugerville, is leased for 99 years; the rental is 37^ per cent of gross earnings
up to $175,000 per year, all surplus to go equally to lessor and lessee,
^and the bonds are issued subject to tilts lease. From Milwaukee this
company makes use of Chic. Mil A 8t. Paul tracks 24 miles; an extension
from Schleisingervilie to Chicago, 116 miles, is known as the Cliic.Wis. A
Minn., and is a close connecting line of the Wis. Central, though the latter
is
nor
very
low prioe at which coal ruled for the
been reduced during the past year to the comparatively
$21,694.
Comparative statistics for four years:
responsible for its obligations.
roads under one management through
Central Company, and new issue of
securities, was proposed, according to the terms given in V. 45, p. 54
In V. 44, p. 807, is an abstract of the annual report for 1886.
For
In July, 1887, a control of allied
the newly organized Wisconsin
four years
1883.
1885.
1884.
1886.
$1,461,004 $1,565,313
941,881
1,182,080
earnings
$1,447,798
Operating expenses...
973,732
$1,429,075
957,745
$474,065
351,405
$471,330
319,650
$519,123
310,406
$122,660
$151,679
$208,716 def. $3,326
Net earnings
Rentals,
car serv.,
Ac..
Balance
—(V. 43, p. 48, 309. 432; V. 44, p. 682, 807, 809;
Wisconsin Sc Itlinnesota. -Owns
pewa Falls, 54 miles.
Leases Chic. Wis.
$383,233
386,559
V. 45, p. 26, 240.)
from Abbotsford, Wis., to Chip¬
A Minn. RR., Schleisingervilie,
Wis.. to Chicago, 122 miles, and branch 8 miles projected.
These
roals form the Chicago division of the Wisconsin Central, and enter
Chicago over the Chicago A Great Western.
■
Zanesville \ Ohio.—Line of road from Zanesville, O., to Mannar,
the Ohio River, about ho miles, of which part is yet under construc¬
tion. TJie wnole mortgage is for $2.000,OlK) bonds authorized. The
Mercantile Trust Co. of N. Y. is trustee of the mortgage.
on
A
sinking fund will come into operation in 1891,
in the open market
shall be invested.
bonds being bought,
at par and accrued interest; in lieu of
this fuuds
CANALS.-
Albemarle Sc Chesapeake.—Canal between Chesapeake Bay
and Albemarle Sound, N. O., L4 miles.
Gross earuings 1884-85, $70,000; surplus over interest, $5,000. Pres’t, Marshall Parks, Norfolk, Va.
Chesapeake Sc Delaware.—Delaware City to Chesapeake City. Md.
1886, a heavv defalcation by the Treasurer and an over-issue
was discovered, amounting to $609,200, and in Sept., 1*86. it
was proposed by the company to retire old bonds and issue $2,602,950
of new 5 per ceir bonds maturing in 1916, thus covering the over-issue.
(See V. 43, p. 367.) In the year ending May 31, 1887, gross receipts
were $199,212 and net $145,184; surplus, $14,805.
(V. 43, p. 22, 49,
In July,
of bonds
367; V. 45, p. 52.)
Chesapeake Sc Ohio.—This company was assisted with loans by the
State of Maryland. It has long been unable to meet Its interest.
In a
against the company the Court (January, 1881) declined to appoint a
receiver, but ordered the company to report at stated times its receipts
and payments
lu 1885, gross earnings were $135,929; expenses,
$184,607. In 1S86, gross earnings were $94,138 ; expenses, $223,415.
suit
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at
interest on bonds and 4 per cent a year on stock. 29,663 shares have
been converted into Lehigh Coal A Navigation stock, leaving only
3,004 shares unconverted.
Delaware Sc Hudson.—'The Delaware A Hudson Canal Co was
chartered April 7, 1823, and the canal from Rondout, N. Y., to Honesdale, Pa., was completed in 1828. The company owns the following
1884.
1885.
$
9,575,362
$
8,213,157
52,403
47,240
1883.
$
Receipts—
Sales or coal
Canal tolls.
Miscellaneous profits
Interest on investments...
Coal on hand (Deo. 31)....
Railroad earnings in Penn.
Profit on leased lines
Total
Disoursements—
Coal on hand Jan. 1
Mining coal
Coal transportation, Ac...
Canal freight
Interest
Taxes and miscellaneous.
Loss on leased railroads
Balance
1880.
7,201,049 7,399.095
51,551
58,410
486,929 \ 792,710
633,867
284.464 5
892,804
649,905
332,653
694,941
841,602
830,542
287,033
257,541
745,436
888,559
1,905
11,808,244 10,755.136 9,393,162 9,265.637
$
$
$
$
492,924
745,436
892,804
649,905
4,996,195 4,549,480 3,975,297 4,239,907
592,803
873,517
826,987 767,151
1,321,941 1,198,885 l,0s2,768 1,069,067
811,873
557,500
546,624
585,416
174,490
1,488,094
audjexponses 1,642,844 1,455,805
Worcester A Nashua & Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester. 94 miles. Tills consolidated company
was formed Dec. 1, 1883, by a merger of the Worcester & Nashua and its
leased line, the Nashua A Rochester.
In October, 1885, a lease of this property for 50 years, from Jan. 1,
1886, was made to the Boston A Maine RR. Co. at a rental of $250,000
and taxes. A financial statement of Jan 1, 1887 was in V. 44, p 91.
small sum of
PROFIT AND LOSS.
the earnings, Ac., were:
Gross
larger part of the year, and
could only have been reached by the exercise of strict economy in the
various branches of the company’s service. A very marked improve¬
ment also in the business of the leased linos has ai led the general out¬
come, and the joss of $313,329 on these roa Is as reporto l for 1885 has
1.995,843
11,808,244 10,755,136
Total
GENERAL BALANCE AT CL08E OF
Assets—
Canal
Railroad and equipment..
Real estate
Mines and fixtures
Coal-yard, barges, Ac
Lack. A Susquehanna RR.
Albany A Susq. RR
1884.
$
$
6,339,210
6,339,210
6,468,684
9,325,365
2,792,417
790,779
1,022,938
9,035,163
2,796,329
670,678
1,022,938
520,164
New York A Canada RR..
3,597,074
3,597,074
Cherry Val. A Sharon RR.
300,000
300,000
51,928
211,527
Meehan. A Ft. Edward RR
Sohen. A Meehan. RR
Coal on hand Dee. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
Telegraph and Car Co....
8upplies,tools,Ac.,onhand
Cash and bills receivable..
52,113
211,280
9,393,162
EACH FISCAL YEAR.
1885.
1883.
6,957,188
522,777
468,929
21,695
313,330
1,186,396 1,175,485
9,265,687
1886.
$
$
6,339,210 6,339,210
7.134,018 7,257,329
9,628,325 9,725,394
2,795,576 2,792,511
934,856 1,007,821
1,022,938 1,022,938
3,597,074 3,597,074
300,000
300,000
59,131
59,972
211,765
212,993
649,905
330,737
720,055
332,652
861,729
892,804
745,436
921,663 1,502,789
698,125
6A8.721
3,944,549 3,372,061
2,740,040-2,586,390
2,823,813
3,961,939 4,459,007
756,040
43,035
14,735
43,035
69,410
1,466,143 1,611,254 1,185,028 1,135,412
3,914,976
43,213,038 41,843,804 41,656,642 42,461,213
$
$
$
$
Stock
20,000,000 23,500,000 23,500,000 24,500,000
Bonds
18,763,000 15,378.000 15,378,000 15,378,000
Miscellaneous accounts... 2,444,732
778,072
812,002
694,392
Profit and loss
2,005,306 2,187,732 1966,640 1,888,821
Total assets
Liabilities—
Total liabilities
43,213,038 41,843,804 41,656,642 42,461,213
These miscellaneous assets include the following: Sundry bonds,
$72,545; 6,500 shares Albany A Susquehanna RR., $650,000; 16,078
shares Rensselaer A Saratoga RR., $1,607,800; sundry stocks, $256,050.
*
-(V. 43, p. 163, 398, 635; V. 44, p. 184, 210, 212, 243, 335.)
Lehigh Coal Sc Navigation.—The Central Railroad of New Jersey
assumed (in purchase or equipment) $2,310,000 of the gold loan due
1807 and leases the Lehigh A Susquehanna Railroad. The Lehigh A
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897
t*ad $771,000 (all) of the convertible gol i loan due 1894.
Bonds matur¬
ing 1884 were extended till 1914 at 4*2.
The modifications of lease
under the new arrangement witli Central of New Jersey are referred to
INVESTORS’
lie
SUPPLEMENT.
Subscriber* will confer a great favor by giving immediate notice
DESCRIPTION.
For explanation
of column headings, &c., see notes
on
first page
of tables.
[Vol. XLV
of any error discovered ir these Tables.
INTEREST OR DIVIDENDS.
Date Size, or
Par ,
of
Canal. Bonds. Value.
Miles
of
Amount
Outstanding
Rate per
Cent.
When
Where
Bonds— Princi¬
pal, When Due.
Payable, and by Stocks—Lust
Payable
Whom.
6 g.
7
7
J. & D.
J. & D.
F. & A.
Philadelphia, Office.
2
5
7
7
F.
F.
A.
F.
6
35c.
70o.
6
6
6
6
J.
Dividend.
-
Lehigh Coal <6 Navigation—{Continued)—
Mort. loan, g. ($2,810,000 assumed by other oo’s.'
Consolidated mortgage loan
Greenwood 2d mortgage, reg. Extended, 1877..
General mortgage
....
m
m
m
m
....
103
103
103
Morris—Stock, consolidated
Pref rred stock
New mortgage (for $1,000,000)
Preferred stock scrip dividend
....
Pennsylvania—Stock
-
General mortg., interest guar’d by Penn.
RR—
Schuylkill Navigation—Stock, common
Preferred stock
1st mortgage, extended
2d mortgage
Mortgage bonds, coup, (payable
by P. A R.)
Improvement bonds
Boat and car loan, (payble by P. & R.)
Boat and car loan (
do
do
)
....
....
$4,653,000
2,465,000
1,000
1,000
643,000
2,035 000
100
100
1,025,000
1,174,000
1,600,000
1870
....
....
....
....
....
....
....
....
....
1870
1863
1864
1839
1859
1884
1884
1872
....
....
bonds of 1872, 4th mort
1,000
50
50
3,238,050
1,691,730
1,000
1,000
3,990,392
1,200,000
....
228,000
756,650
623,100
1,000
1,000
1,000
6
7
6
6
6
6
7
1,000,000
1,326,000
....
1,000
500
500
227,500
97,810
250,000
1,000
do
do
do
Q.-F.
103.164
4,501,200
2,934,000
684,912
50
326
326
108
....
pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
1,000
$500&c.
’76-’85
1,000
1869 various.
....
Susquehanna—Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
do
do
1867
1871
1872
1884
....
A
&
&
&
•
•
Leh.Val.RR.Co., Phila.
J.
Phila., 233 So. 4th St.
July, 1910
Philadelphia, Office.
Feb. 15, 1884
Feb. 15, 1884
•
....
Q. -M.
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
&
&
&
A
A
&
&
&
A
A
1897
June 1,1911
1892
1924
A.
A.
O.
A.
&
-
do
do
do
J.
J.
N.
N.
N.
J.
J.
J.
J.
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Phila. and Baltimore.
.
Aug.
Aug.
April
Feb.,
7, 1887
7. 1887
1, 1906
1889
March, 1897
1882 to 1907
1895
do
do
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1, 1918
do
do
do
do
do
do
Jan., 1894
Jan., 1894
Jan., 1902
'
,
in V. 45, p. 113. The Board of Managers’ report for 1886 had the follow¬
ing statement of receipts and disbursements:
1886.
1884.
1885.
Receipts—
From railroads and Nesquo. Tunnel. $1,458,200 $1,459,035 $1,464,381
Lehigh Canal, incl. water powers
Delaware Division Canal
Net protit on Lehigh Coal
Royalty on coal mined by
revenue from rents, Ac., Ao
lessees,
97,969
58,951
370,101
370,101
63,330
50,220
65,971
11,038 def. 1,995
135,104
396,108
507, a decrease since last year of $253,169, which is more than accounted for by the lessened profit on coal, which was $2 61,003. The
disbursements show a decrease of $10,540, an 1 the remainder shows a
80,797
decrease of $245,627.
From this remainder $89,418 has been deducted
for the cool sinking fund, an 1 two dividends, one of two undone-half
per cent and one of two per cent, amounting tog -tlier to $57 0,408, have
been paid, which drew on the dividend fund to the extent of $39,806.
The work of developing our coal lauds has been pushed for ward vigor¬
ously through the year, and the rate of production of our mines can be
fullv maintained during the coming season. iV. 43, p. 634; V. 44, p.
274; V. 45, p. 113.)
52,524
$2,048,551 $1,981,676 $1,728,507
Disbursements—
General and legal expenses
Rent and taxes Nesquehoulng Val.RR
Rent and taxes Delaware Div. Canal
Taxes
Interest account
the four years 1875 to 1878 $278,324 09, in the four years 1879 to 1882,
$198,708 08, and in the four years 1833 to 1836, $729,579 51. The coal
$58,460
$59,454
97,050
69,921
80,078
73,031
61,965
80,039
354,069
844,488
$58,948
75.526
39,581 !
89,739
844,692
Ittorris,—Leased April, 1871, to Lehigh Valley
years.
Balance of earnings
Less sink. fd. of 10 p. o. p. ton on coal
Less depreo’n on coal, irnpr’ v’m’ts, Ac.
Total
Surplus for year
......
Balance to credit of div’d fd. Jan. 1..
Dividends
Rate of dividend
Balance to credit of div’d fund Dec.31
$1,159,578 $1,119,027 $1,108,436
$888,973 $865,649 $620,021
$39,419
$80,717
$93,558
76,026
86,869
$156,743
$732,230
$732,230
665,934
$180,427
$685,222
679,936
$633,843
$530,602
683.843
$644,03 7
said:’
The annual report for 1986 in Chronicle, V. 44, p. 274,
The earnings of the Lehigh & Susquehanna RR. system increased
$78 ,304 06, and were larger than in any year before, with the exception
of 1883. The chief gain was in freight and express earnings, and, while
the system of rai roads does not extend bejrond Scranton, w« have been
able to get an increasing amount of Northei n and Western business, as
well as to share in the increased volume of local freight traffic, so that
notwithstand.ng iho steady decrease of freight rates for some years, our
earnings from this source have largely increased, having u\ erage l in
Pennsylvania..—Worked in interest of Pennsylvania RR., which
fuarantees
in 1887.interest
on bonds.
old mortgage
balanceinterest,
of $67,000
is
in 1886,An
$281,385;
Earnings
net, $79,537;
$170,ue
$89,419
$1,398,164 $1,365,158 $1,21 i,445
$570,408
$718,228
$681,315
6
6
4*3
$679,936
annum
Railroad for 999
The lessees assume bonds and scrip, and pay 10 per cent per
on prof, stock and 4 per cent on consol, stock.
610; loss, $91,103. Earnings in 1885, $274,207; net, $123,765; interest,
$175,350; def., $46,584.
Schuylkill Navigation.—Leased from June 1, 1870. to Philadel¬
phia A Reading for 999 years. The unpaid rental by P. A R. to Deo.
31, 1886. was $1,287,993. The P. & R. h;ts paid some of the cou¬
pons and purchased others, but in Dec., 1886. interest was not paid,
an l in March, 1837, the P. A R. threatened to relinquish the canal
and withdraw its boats. By assent of nearly all the holders, an adjust¬
ment of the debt has been uiadeluuder the Pud. A R aditig re »rganization plan. The report for 1886 (V. 44, p. 210) gave a statement of the
company’s relations to the P. A R. company and a history of its pros¬
perity in former years. The loss to the R aiding in 1835-86 was $477,614; loss in 1884-85, $441,292. (V. 4 4, p. 752, 782, 809; V. 45, p. 143.)
Susquehanna.—Leased and operated by Philadelphia A Reading
on bonds and half of net earnings.
Under tin
Reading plan, tiie stock and bond holders have generally absented to an
exchange of securities. Loss to Reading in 1335-6, $239,78 4; loss in
1894-5, $230,657. (V. 44 p. 809.)
Railroad for interest
RAILROAD
September, 1887. J
STOCKS
AND
BONDS.
117
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
For
explanation of column headings, &c., see notes
first page
of tables.
Adams Express—Stock
American Bell Telephone—Stock
Amer. Tel. d Gable—Stock, guar 5 by West. Union
Amen'Lean Coal (Maryland) — Stock
American Cotton Oil Trust—Certificates
1880
Columbus d Hoe Icing Coal d Iron Co.—S'ock
13,351
acres
I'd, mines A b’d’gs)i 1887
-...j
1,000
100
Too
769.100
’500
i
i
i
American
aunual report
Coal.—There are mortgage bonds for $230,000. The
for l->86 gave the following information : Income, 1886,
$114,839; total expenses and dividends, $442,857; balance, $1,981.
-(V. 44, p. 274.)
American Cotton OH Trust.—This is a “Trust” formed to con¬
trol a large proportion of the cotton seed oil mills of the United States.
The Board of .Management consists of nine trustees, of wli »m three are
elected each year. The title deeds of the several properties owned are
deposited witli the trustees, who issue their trust certificates of $100
each, aud tin so are dealt in at the Exchanges. Up to the close of the
year end ng May 31, 13 37, the net earnings were $2,439,720, and the
balance of unsold products at close of the year were $3,873,660 ; cash on
hand, $757,819. Dividends of 1 per cent quarterly for the ensuing
year were declared. The Board of Management is composed of John
V. Lewis, W. P. Anderson, F. II. Baldwin, of Cincinnati; W. II. Burnett,
of Chicago; J. W. Cochrane, of Memphis; E. Urqtih irt, Little Rock; J.
Aldige. New Orleans; Ly.o
m Kl.ipp. Providence, R. I.; John Seott aud
N. Y. Olfiee, 18 Broadway, N. Y. Otlieers: John V..
Lewis, President; E. ITrquhart. Vice-President; J. L. Macaulay, Treas
urer; Jules Aldige, Score ary.—iV. 45, p. 25.)
M tcaulay.
Cameron Iron Ac Coal Co,-This company was organized by let¬
ters patent of me State of Pa., and filch its certificate Dae. 7, i8S6.
The lands and propeity are near Emporium, Pa , and formerly belonged
to the Caiuemu Coal Co. Nicholas C. Miller, President, N. Y.
See V.
44, p. 117, 149, 184.
Canton Company (Halt.)—The capital stock, by changes made
subsequent to the original issue, became practically only $16 25 par
per share, and was reduced by purchase and cancellation to 44,300
shares. A brief hi.-tory of the company was given in V. 30, p. 117. The
company owned the stock of the Union RR. Co. and guaranteed its bonds,
but sold this stock (8800,000) to the Northern Central RR. in April.
1882, for $594,050. The Union RR. sinking fund of $639x835 remained
the property of Canton Co., but is held by the trustees till bonds have
teen paid oil’ at maturity. The last of Canton Co. bonds were paid
July, 18.s0.
Central Ac South Am. Telegraph.—Line from Vera Cruz, Mexico,
Chorrillos, Peru, with branches, 3,190 mile's of cable and 335 miles of
laud line's.
Completed November, 1882.
Connects at Lima with West
Coast Tel. Co. of America, having 1.700 miles of cable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000; uo
bonds. Surplus revenue Dec. 31, 1886,after providing for
dividend,
$154,179. James A. Scrymser, Pres’t. N. Y. (V. 44, p. 274.)
to
Chartiers Valley Oas Co.—This company owns upwards of
20,00 f acres of la.ids in the couuties of Allegneny, Washington and
Westmoreland, Pa., for production of natural gas, aud supplies the gas
in Pittsburg and Alleghany cities.
See full statement in V. 44, p.
552. Jas. A. chambers, Pres’t; John H. Dalzell, Treas.,
Pittsburg, Pa.
—(Vol. 44, p. 400.)
Colorado Coal Ac Iron.—This oompauy", with headquarters at Col¬
orado Springs, Col., was a consolidation Dec. 13, 1379, of the Central
Colorado Improvement Co., the Colorado Coal A Steel Works and the
Boulneiu Colorado Coal A Iron Co. Stock Is non-assessahle.
Ail abstract of the report of lS^G was in V. 44,
p. 400, showing gross
earnings ana net income as below stated.
1885.
Gross
Earnings. Earnings.
$757,460 $134,030?
322,427
110,077)
502,236 loss26,427
7,937 loss.2,096
24,6 M
7.059
Miscellaneous earn’gs....
4.729
4,729
Coal department
Coke department
Iron and steel dep’t
Iron mines dep’t
Real estate dep’t
$1,679,440
1886
Gross
s
Net
$227,373
Earnings.
a,
1Q,
690.083
....
.!
Q -J.
Aug. 1. 1887
July 1, 1887
New York Office.
July, 1887
Pittsburg.
July, 1887
; Q—J.
75e.
6
O
rj
i
6
6
ij.
i,
Jan.
iie
6
1 *2
2
Q
6
i
.....
A J.
Q -J
1887
1897
1887
1888
N. Y., West. Union Tel.i
do
do
N. Y
Wed. Union Tel l
Jnlv, 1887
Nov., 1887
! Q-JJuly 1, 183?'
M. A N.
Boston, Treas. Office.
Nov. •, 1886
L Nov. 1, 1886
J. A J. N. Y., First Nat. Bank.
July l, 1901
M. A N.
,
6*
A 7
1899
i
N. Y., 160 Broadway.
13S5.
Less interest on bonds
Less interest., discouut and
...
exchange
Surplus
Increase in 1886
1917
F. A A.
do
do
i Aug. 1, 1901
J. A D. N. Y., Company’s Office.' June 1, 1898
A. A O. N.Y., 19 Courtland St. i
(?)
New York Office.
! July 15, 1887
Q.-J.
6
2,000,000
500,000 !
8,700.000 :
1,72 ">,000 I
593,211 I
Co.!
N.Y.,Co.’s Office, 71 B’yiJan-. 23,
do
do
| Jan. 1,
i
N Y., om *e,4 Irving Pl.i June 15,
M. A N. Farmers*Loan & Tr. Co.j May 1,
!
•J.
2
i
AJ. N. Y.,Central Trust
i
over
1835
1886.
$299,9 40 $209,940
2,432
$212. .->72 $209,940
sur.$25,744 $133,321
$106,577
$64,840
$60,657
wholly from rentals of
Royalties earned, includedin oper. expenses
In the real estate department rhe earnings are
houses, lauds, Ac., cont lining no receipts from land sales.
400.)
(V. 44, p,
Columbus Ac Hocking Coal Ac Irou Co.—The oomnauy was
organized a> Columbus, O., J in. 26. 1833, and Its general offices are at
Columbus, <>.; Mr. Pereival Farquhur, President. The N.Y. ofiios is at 10
Wall St.
Tne CeiPr.il Trust Co. of N. Y. is trustee of the m >rtguge.
Too company owns large coal and iron properties, with extensive works
thereon, in Ohio, and a full description of these was published in the
Chronicle of Feb. 26, 1887, V. 44, p.273. The total property and
assets on Jan.
1, 1837, as per balance sheet, were $5,657,535.
Tui gross ear.lings, o >crating exp iuses and not earnin's of the com¬
pany from March 1, 1833, to ApriL 1, 1837, were as follows :
Gross
earn’gs.
Oper. Exp.
Net earn’ge.
March 1, ’83, to April i, *84.. 1,667,282 10
1,527,747 79 139,534
1, ’.34. to Anvil 1, ’85..
8 >0,5*4 90
700,041 94 100,542
1, ’35, to April 1, ’86.. 1,220,92 4 37 1,060,595 83 160,418
1, ’86, to April 1. ’37.. 1,442,295 09 1,278,075 00 164,229
Interest eh urges per annum on bonds of $1,000,000, $60,000.
—(V. 44, p. 278, 553.)
April
April
April
31
96
4i>
00
Commercial Cable Co.—This is popularly kuowu as the Maikay
Bennett Cable Co.
In September, 183 7, the stock \va< raised from
$4,900,000 to $6,000,900.
Consolidated lias of New York.—This company was organized
Nov. 11, 1334, under chapter 367, laws of New Yortc, 1334. Tuo ooinoanies merge t in it were the New York Gaslight, the Municipal Gas¬
light,the Metropolitan Gaslight, the Manhattan Gaslight and the Harlem
Gaslight. The total stock was $39,073,090, of wtiioh $3,647,940 was
reserved for working capital and for indebtedness of old companies.
Consolidation Coal.—Annual report for 1836 was in V. 44. p. 210.
1886.
The gross receipts from mines, railroads, rents,
1885.
Ac (Incl’g value of st’ek of coal on hand), were.$2,055,313
Tot. expen’s of every kind (exel. of iut Asink. fd.,
but inel. steel rails A all extraordiu’ry outlays). 1,750.772
$2,039,427
1,783,442
$301,54 >
$255,985
The int. and sink. f l. iu 1836 took $166,831; balance, surplus, $39,15 3
Consolidated mortgage bonds are hold to retire old b aids. This com¬
pany guarantees also 2d mortg. bonds of the Cumberland A Pennsyl¬
vania, and assumes $135,00 > of the Union Mining Co.’s bonds. The
total bonded debt on lauds and railroads is $2,417,500. (V. 44, p. 210.1
Net
receipts
Hquitable Oas Light Co.—Incorporated March 9, 1^8 2.
Owns
three b:o ks between 39tn an 1 *21 St*., First Avo. an l East River; also
32 lots between 58th an l 59th Sts and 10th and lltn Aves Total assets,
Jan. 1, 1837, $>,128,2(2: mans a unit 7 * miles; gas works valued at,
$2,032,520: real estate at $1,159,263.
Graham, President.
Olllce, 349Tuird zlvo
R. M. CL
International Ocean Telegraph Co.—The Western Union Co.
operates the line oy contract for 99 years from Jan. 1, 1882, paying t>
per cent per year on stock.
Gold Ac Stock
Telegraph Co.—Operated by West. Un. Tel Co. by
contract for 99 years
and bonds.
from Jan. 1, ’82, at 6
per cent per annum on
stock
Iron Steamboat Co.—Property consists of seven iron steamboats.
Bonds aud stock listed in June, 1832. Stock, $2,000,009. Gross earn¬
ings in 1835-6. $337,707; net, $33,333. Paul interest oil bonds, $28,L70; dividend on stock (3 per cent, Nov. ’86). $60,000; defieio icy,
$49,832; but there was a surplus from previous year of $10,503,
leaving deficit Oct. 1, 1836, $9,324. (V. 43, p. 452.)
Lehigh Ac Wilkesbarre Coal.—This company was organized Feb.
It is controlled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of New Jersey
owns $6,116,090 of the consol,
mortgage bonds and $2,353,000 of the
income bonds. The L. A W Coal Co. also assumes an 1 counts as part of
6, 1874.
Net
Earnings.
$235,400
654,316
103S.97H
24,953
5,140
8,308
5,140
$1,917,449
$333,611
INCOME ACCOUNT.
Net earnings
Add income from investments, Ac
New York Office.
J.
j
6 g.
5,000,000 ;
500,0 >0 I
3,000,0 >0 ;
500
i
A
eg. {F. A A. N.Y., Company’s Office. 1 Feb. 1, 1900:
1,000,050
Too
oables; if not repair* d within that time the percentages are reduced
according to the time that the cables remain broken. Then this com¬
pany’s cables were leased to Western Union for 50 years, with a guar
auty of 5 per cent per annum on the stock issued—$14,00 >.000.
J.
*2h)
651,000
500,000
3,'>00,<>()()
100
100
-
I Q-F.
l
3
’ihs
658.000
Telegraph -Stock
Y., Company’s Office. Sept. 1, 188T
Boston. Compy’s Office.
Oct. 1887
Q.-M. N. V., West. Union Tel. Sept. 1. 1887
M. A 8. N. Y., 1 Broadway.
Mar. 10, 1887
10,090,00)
Too
1872
American Telegrapli Ac Cable Co,—Owns two cables between
Senuou Cove, England, and Dover Bay, Nova Scotia. The stock of
$20,000,000 was 7o per cent paid up, and in April. 1882, a pooling ar¬
rangement was made with the other cable companies for 33 years, by
which this comp my receives 22>2 per ceut of combined revenues while
both its cables arc working and 12^ per cent if only one is working,
which percentages hoi l good for one year after any breaking of the
Total
719,S75
4,000.000
3,000 000
1,000
American Hell Teleplione Co,—See report for the year ending
Dec. 31, 183(5. in Chronicle, V. 44, p 433.
In is86 paid 16 per ee it
dividends, ineluding an extra dividend or 4 per cent. In 1887 an extra
dividen l of 4 per cent was paid Aug. 15. (V. 44, p. 433 )
Totals
18,000,000
3,000,000
3,499,000
Lehigh d Wilkesbarre Coal—Stock
Sterling loan
Mortgage loans ($110,000 are 7s)
L.
Slocks—Last
Dividend.
N.
1.500,000 i
41,726.200 j
4,700,000
1,000,000
(>,000,000
10,250,000
2,444,500
35,4:-i0.000
291,000
International Ocean Telegraph—Stock
J
nflr
14,000,000
100
Equitable Oas Light Co —Stock
Iowa Rll. ! and Co.— Stock
Iron Steamboat Company—Stock...
Bonds
pal, When Due
t
9.802,100
1,000
j
Consolidation Coal of Maryland—Stock
1st mortgage, consolidated, convertible
Consolidated Gas (.V. TJ— Stock
Bonds, Municipal Gaslight Co
Bonds, Metrop »litan Gaslight Co
Bonds, Knickerbocker Gaslight Co
Cumberland Coal d iron—Stock
Bonds
Gold d Stock
Bonds
R
K?7?„Per
Outstanding
100
100
25
100
100
100
Id a4
100
100
1O0
,
.
1st inert., g., sink, fil (on
Commercial Cade-‘Hi ock
Amount
$100 $12,000,000
American Express—Stock
Cameron Iron d Coal Co
Canton Company—Stock (44,300 shares)
Central d South'A meric ni Telegraph—Stock
Chartiers Valley Gas—Stock
Colorado Coal d Iron—Stock
1st consol, mortgage gold
Bonds—Prinot
INTEREST OR DIVIDENDS.
Date i Size, or
of
Par
on
Bonds Value.
its funded debt $747,50 > bon Is due 130 4, and $500,0 >0 bonds due 1897,
of the Lehigh Coal A Nav. C >. Tne company was in receiver’s hands
with Central of New Jersey, and iu March, L832,the receiver was dis¬
charged and property returned to its stockholders. Mr. W. FI. Tilling
has*", Pres’t, N. Y. City. Tne aunual report for 1886 was in V. 44, p. 274,
-(V. 44. p. 274.)
Mariposa Land Ac Mining.—1There are outstanding only 15,000
ires, tne balance being owned by company.
Litigation lias been iu
progress many years and nothing done on the estate.
Maryland Coal Co.—No late report. The business of 1882 include
total ship neutsof 97,777 tons.
The profit and loss account in 1882 was as follows; Balance Jan,
sh
1885.
1886.
$227,373
$333,611
10,743
8.650
$238,116
$342,261
Subscribers will coufer a great favor by giving
DESCRIPTION.
For explanation of column
page
headings, Ac., see notes on first
of tables.
Preferred stock
1875
Maryland Coal—Stock
Bond
Mexican Telegraph—Stock
:
Ifew Central Coal—Stock
IT. F. Mutual Telegraph— Stock, guaranteed 6 per cent
.
Debentures, registered
250.000
4,400,000
50
Northwestern Telegraph—Stock
Bonds, interest guaranteed
Too
Oregon Improvement Co.—Stock...
100
Preferred stock
1st M., gold. sink. fd.t
1,000
$309,000 held m s. f., but draw int.l 1880
Pacific Mail Steamship—Stock
! ....
Pennsylvania Coal —Stock
Philadelphia Company—(Natural Gas) Stock
!
Postal Telegraph & Cable Co.—Stock ($21,0u0,000)
\
1st mortgage (for $10,000.000)
Poughkeepsie lividge.— 1st mort., gold, for $5,000,009
j 1890
100
50
50
Preferred 7 percent stock, not
New Central Coal (lid,)-The annual report for 1886, in V. 44, p.
274, showed net profits for year of $7,818 ; and balance to credit of
profit and loss Dec. 31,1886, of $252,684. (V.'44, p. 274.)
New York Mutual Telegraph.—The Mutual Union Telegraph
Co. was organized under New York State laws. Stock was $600,000 and
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Union for 99 years was agreed to at lhi per cent yearly dividends on
the stock and interest on the bonds. The organization was changed to
the New York Mutual Telegraph Company and the stock was reduced to
$2, 500,000, carrying dividends of 6 percent per annum.
N. Y. Sc Perry Coal Sc Iron Co.—This company was organized
nnder the laws or New York in June, 1885, as a reorganization of the
N. Y. & Straitsville C >al & Iron Co., which was foreel »sed. Tue assets,
as per balance sheet on June 20, 1887, were $3,476,46-(, and stock was
Increased to $3,000,000.
A full exhibit was published in the Chron¬
icle.
(V. 44, p. 744 ; V. 45, p. 55, 81. Otlice, 52 Broadway, N. Y. vfity;
C. R. Griggs, President.
New York Sc Texas Land-This company took the lands granted
to the International and Houston A Great Northern railroads, about
5,000,000 acres, which were given in settlement to the holdeisof con¬
vertible axd 2d mort. bonds. June 30,1886, had 3,574,400 acres unsold.
—(V. 44, p. 527.)
Northwestern Telegraph.—This company owns 8,000 miles ot
wire and is leased to Western Union for 99 years, with guaranteed divi¬
dends of 4 per cent at first, rising one-eighth per cent a year to 6 in
1897 and afterward. The bond interest is guaranteed.
Oregon Improvement Co.—This company owns $3,000,000stock
of the Seattle Coal & Trausp. Co.; $575,000 stock of the Columbia A
Puget Sound RR.; $1,969,900 stock of the Pacific Coast S. 8. Co.;
Floating debt Nov. 30, 1886, $709,230, and assets $685,219.
The
?2,000,000
slock
to payForforyear
issued
887.
improvements,
(See pref.
V. 44,
p. 654).
ending Nov.Ac
1886,
gross June,
earn¬
30,, was
From Dec. 1, 3 8 -<6, to July 31 in
188 7 (8 nios.). grass earnings were $2.921 381, against $2,179.1*9 In
1985-6 ; net, $948,209, avainst $651,253. (V. 43, p. 49, 191. 3u8, 459,
579, 746; V. 44; p. 91, 212, 654, 752, 809; V. 45, p. 53, 84, 211, 369.)
Pacific Mail Steamship.—The Pacific Railroads gave to the steam¬
ship company a monthly subsidy of $85,000 per mouth—this agree¬
ment terminable on 30 days’notice after Nov., 1885, and such notice
given in Feb., 1886, and the agreement stopped. The annual report
V. 44, p.
for fiscal year ending April 30, 1887, was in the Chronicle,
680. President, J. B. Houston, N. Y.
At the annual meeting of the stockholders in May, 1886, the follow¬
ing were re-elected directors for the einuicg year: Messrs. Jay Gould,
Russell Sage, C. P. Huntington, Henry Hart, William Reinsen, Edward
Lauterbach, J. W. Shaw and J, B. Houston.
Ttie following is a statement of the earnings and expenses for the
years ending April 30 :
EARNINGS.
1884-85
Atlantic Line
$1,016,172
1.848,781
1,547,225
159.066
sources..
Total
1885-36.
$957,^10
1.603,536
1,534,272
1886-87.
$766,080
1.368,88 L
1,282,317
216,092
$4,826,193 $4,479,939
$3,633,371
EXPENSES.
Atlantic Line
Panama Line
Trans Pacific Lino
Australian Line
Agencies
1884-85.
1885-86.
1886-87.
$579,028
$608,065
$690,166
1,100,506
1,080.241
737,392
714,100
1,357,949
632,^21
191,718
149.490
413.185
457,367
170,191
435,838
171,064
$3,209,138
$3,179,454
$3,337,838
$1,300,485
$295,533
Miscellaneous expenses
Total
No balance sheet to April !0. ’87, wa*
—(V. 43. p 368; V. 44, p. 212. 6S0; V.
A
New York, Office
1
J.
& J.N. Y., West. Uu. Tel. Co.
M. A N. New York, 1st Nat. 11k.
3
6
1*4
New York.
;
J.
J.
J.
2° ic
7 g.
4
J.!
A
J.
J.'N. Y. West. Un. Tel. Co.
....
J. A
1
4
1
do
|
!>.'
”<Tg.
Q.—F.
Jan.
Jan.
Nov.
Jill v
M’oli
1, 1886
1, 1876
1, 1906
9, 1887
l.
1887
July 1, 1887
May 1. 1911
May, 1887
A
.v
1, 1900
Apr. 25, 1887
30
”7*
June
May TV 1888
do
New York.
J.
Stocks—Last
Dividend.
1900
July 1, 1887
Jan.
do
I, 1904
Sept. 15. 1883
jN.Y., Company’s Office.! Dec. 1, 1910
I
Sept
(y—M. i
M’thl.y j
15, 1887
N. Y.. 1 Broadway,
i June l. 1887
Pittsburg.
Sept. 25, 1887
‘
6*
5/)0<V>00
15,00> .000
Q.-F. iN.Y.Am. Exeli. Nat. Bk.J
A A.J.
i Aug. 1, 1936
New York City.
Q.—M. ;N. Y., Farm L. A;T. Co.|Aug. 16, 1887
a. & o.:
do
do
Aug. 15, 1892
do
do
Oct. 15, 18S8
May, 1882
Q.-F.
Aug. 15. 1887
F
Philadelphia Company.—The company was incorporated by
special act in Pennsylvania. March 20, 1871, as the Empire Contract
Company, and after various changes took the present none Juno 11,
It has absorbed
a
number of different conioanies and controls
a
large share of the natural gas production about Pittsburg and vicinity,
owuitig or leasing 5 1,000 acres of gas territory aud about 350 miles of
pipe*. The company began to pay dividends in Oct., 1885, and has
since then paid 1 per cent monthly.
In September, 1897, the stock was
raised $1,600,000 to above amount. Geo. vVestinghouse, Jr., President,
Pittsburg. (V. 44, p. 744 ; V. 45, p. 292.)
Postal
Cable—Of the stock $7,000,000 is out¬
held in trust, aud balance remains
In
treasury.
Mr. J. W. Mackey is the President.
The
name
of
the
Postal Telegraph
Co.
November,
was
changed
1883.
(See V. 37, p. 564).
The Postal Telegraph Company sold all its
property and franchises to the Postal Telegraph A Cable Co., which was
organized under the laws of this State expressly for this purpose.
In May, 1885, receivers were appointed, aud a scheme for reorganiza¬
tion of the Postal Telegraph & Cable Co. was proposed, as stated in V.
40, p. 626, 645, by which the company will have no bonded debt and
stock for $5,000,009 only. The present bonds will take new stock for
35 per cent of their face, and the old stock will receive 5 per cent of its
amount in new
Foreclosure suit begun by Farmers’ Loan A Trust
Co* Nov., 1895, and sale look place Jan. 15, 1886, for a nominal price of
$280,000. See V. 42, p. 94. (V. 43. p. 125.)
standing,
Telegraph Sc
$12,000,o00
is
Poughkeepsie Bridge Co.—Chartered lu 1871 to build a railroad
across the Hud-on River at Poughkeepsie. Active operations to
complete the work were begun in 1886, and contract made with Union
Bri Ige Co., the bridge to be ready for traffic by Jan. 1, 1889. Capital
stock, $5,00 ,000. (Abstract of mortgage in Vol. 45, p. 275.) N. Y.
olticc, 15 Broad Street.
bridge
Pullman Palace Car.-Thestock has been increased from time to
time to provide new capital, as wanted, since the price, ruling above
par, gave a bonus to stockholders when subscribing for new stock.
Annual report for year ending July, 31, ’86, was in Chronicle, V. 43,
p. 486. Income account for three years was as follows:
Revenue—
1893-84.
1884-95.
1885 86.
$3,912,510 $4,946,151 $5,075,383
Ea'rnings (leased lines included)
Pateut royalties, manuf. profits, Ac..
543,94/
667,477 ‘ 548,129
Total revenue
Disbursements—
Oper. expenses, Ac. inc.1. leased lines.
Paid other sleeping-car associations
contrdlled and operated
Rentals of leased lines
Coupon interest on bonds
Dividends
capital stock
Contingency account
on
;
4,456,457
5,613,628 5,623,512
1,316,387
1,949,655
136,556
264,000
171,466
1,339,621
Profit and loss
708,005
802,176
162,529
66,000
171,453
168,050
1,273,962 1,274,028
109,009
100,000
35,733
Total disbursements
Net result
2,057,627
3,263,763
1,192,694
4,365,604 4,467,881
1,248,024 1,155,631
Quicksilver Milling.—The preferred stock is entitled to 7 per ct.
not cumulati ve, and any surplus goes to the common and
preferred equally. Bee annual report for 1486-87 in V. 45, p. 83, show¬
ing net income for the year of $178,448; (V. 43, p.72 ; V'. 45, p. 83.)
per annum,
St. Douis
Bridge Sc Tunnel Railroad.—The railroad and tunnel
sold under the mortgage of 1873, July 1, 1878. Foreclosure under
the first and second mortgages on the bridge was made Deo. 20, 1878.
were
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Pacific aud Wabash St. Louis A Pacific for the term of their cor¬
porate charters, on the terms following, viz.:
Of the stock $2,490,000
preferred, by the terms of the lease, is guaranteed 6 per cent;
$3,000,000 second preferred is guaranteed 3 per cent per annum.
The railroad stock of $1,250,000 is guaranteed 6 per cent a year.
first
The whole annual
charge for rentals is $670,000, one-half payable by
The common stock was held
Missouri Pacific and one-half by Wabash.
166,414
217,906
254,949
do
N.j N. Y., 135 Broad wav.
Q- J. N. Y., Company’s Office.
1
35,000
2,500,000
1,180,000
7,000,000
2,000/ 0 3
5,000,000
20,000,000
5,000,000
7,500,000
7,000/ >00
1894.
1878 under laws of
| N. Y.,do160 Broadway.
do
M. A
2V
l*e
739 miles;
Panama Line
Trans-Pacific Line
Australian Line
Subsidies and other
161,000
1,434,400
5,000.000
2,500.000
5,000,000
3,000,000
1,500,000
4.291.300
Tampico and Vera
land line, Vera Cruz to Mexico City, 267 miles,
Has exclusive right for 50 years for all foreign telegrams to Mexico,
except telegrams to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Pacific Ocean
Company
owns 1,362 shares of the Central A South American Telegraph Co. Rev¬
enues in ’s6, $22L.OOl;
expenses, $59,290; dividends, 8 p. c., $114,
752; surplus, $46,959; total surplus Dec. 31, 18S6, $68,745. Capital
etook is $1,500,000. Jas. A. Sorymser, Prest., N. Y.
(V. 41, p. 274.)
was
J.
820,000
Ex¬
Payable, and by
Whom.
1^
rr
955,000
5,709,700
Jan. 1, 1883, $1,389.
ings, $2,934,818; net. $726.0o3.
7
1,000
penses—interest, $7,091; interest oil bonds, $11,270; taxes, $7,791 ;
salaries and expenses, $13,221; legal expenses, $501—$10,276; balance
Mexican Telegraph.—Company organized in
Now York State. Has a eablo from Galveston to
Q.—M.
Where
M. A N.
-
1,000
100
100
J
I
cumulative
1882, $16,780; balance credit coal account, $2 4,885—$41,666.
Cruz,
7
6 c.
2
8
7
40c.
100
1872
! 1878
i
Quicksilver Min ing—Common stock
Payable!
3,000,000
1,000
j
Bonds, debenture
Cent.
5, 6 A 7
2,946,±00
—
When
3.472.300
100
1,000
100
100
25
100
50
New York <£• Perry Coa' <£ Iron Co.-Stock
New Yorkd- Texas La ml (Limited)—Stock
Land scrip receivable 75 per cent for lands
Pullman Palace Car—Stock
Bonds, 4th series
Rate pet
10,000,000
5,000,000
1,000
1,000
1881
bonds, gold, guar, by West. Union
Outstanding
366.409
lOOAc.
100
100
j Bonds—Princi¬
pal, When Due.
INTEREST OR DIVIDENDS.
Amount
$1,000 $11,500,000
1875
Mortgage bonds
fVoL XLV.
immediate notice of any error discovered in these Tables.
Date i Size, or
of
!
Par
Bonds Value.
Lehigh <£ Wilkesbarre Goal—( Continued) —
Consol, mort. ($6,116,000 of this held by Cent, of N. J.).
Sundry mortgages
lnc’me bds,reg.(not cum.) $2,333,000 held by Cent. N..J.
Marivosa Land <£ Mining-Stock
1st mortgage
SUPPLEMENT.
INVESTORS'
118
given in the annual report:
15, p. 240, 272.)
by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
thereon. In the year ending Dec. 31,1885, gross earnings were $1,542,879; fixed charges and guar, divi’ds, $973,522; surplus balance, $2,042.
In 1896 gross earnings, $1,5 .4,212; net, $330,799; charges, $359,027;
deficit $22,2-8—caused by Southwest strike.
Sterling Iron Sc Railway.—The property of this company, in
Orange County N. Y., (aud a few acres in Rockland) consists or 25,000
acres of laud, with furnaces, Ac., having a capacity of 15,000 tons of
pig iron per year, and 7^j miles of railroad, houses, Ac. The company
endorses the $471,674 bonds of the Sterling Mountain Railway. A. W
Humphreys, President, 45 William Street, N. Y.
Sutro Tunnel.-Tunnel on Cone took Lode for facilitating mining
operations. Receipts in 1895-6 $204,8i 9; expenses, $93,»18 ; interest
paid, $121,534. Receipts in 18s6-7 $266,553; expenses, $76,715; in¬
terest paid. $13,964. Suit for foreclosure is pen liug. Overdue interest
about $700,000.
(V. 43, p. i91 ; V. 4 4. p. 91 ; V. 45, p. 3 1 )
September,
RAILROAD STOCKS AND BONDS.
1887.]
Subscribers will confer a great favor
by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
! Date
explanation of column Leadings, &c., see notes on
page of tables.
first!
Bridge stock, common
Bridge dk Tunnel RR —
1st preferred stock, guar
2d preferred stock, guar.
1st mortgage, new, sinking fund
8U Louis
Tunnel PR. of St. Louis, stock, guar
Southern dk Atlantic Telegraph—Stock
Sterling Iron & Railway.—Stock
Mortgage bonds, income, series “B”
Plain income bonds.!
of
Par
Bonds Value.
j
$100
j
1879
i
'
j
I
1880
1876
2,490,000
3
100
3,000,000
5,000,000
1,250.000
948,875
1*2
1,000
50
500 Ac.
Is'
200 Ac.
1,000
1.U00
!
1,000
1,000
1,000
1 000
1,000
1,000
1885
100
100
100
1872
1875
1875
1865-970432.
i
.
™
J
715.000
300.000
1,000
1,000
£100Ao'
3.4u2,noo
1,400,000
3,000.000
1,200,000
(?)
10,000,000
6.250,000
81,200,000
1,373,000
4,920,000
*
„
J. N. Y., Drexel, M. A Co.
J.
do
do
O. New York and London.
J. N. Y., Drexel, M. A Co.
O. N.Y., West. Union Tel.
_
Feb.
New York.
pal, ^When Due.
Stocks—Last
Dividend.
1
6
A. A O.
6
;m. a n.
6
6
6
7
7
M. A S.
IF. & A.
J. & J.
i
M. A N.
A. & O.
J. & J.
J.
A J.
July, 1887
July, 1887
April 1, 1928
July 1, 1887
April, 1887
April 1, 1894
Oot, 1, 1896
6
10,000.000
Tracy City Div.j
&
&
A
A
A. A
7*
418,000
495,575
20.000,000
997,863
1,000
J.
J.
A.
H.
J.
2^
2,300,000
10
1879
1879
Consol, mort. Tenn. Coal Iron & RR. Co. ($1,000,000)..., 1881
1882
So. Pitts. Div. 1st mort. T. C. I. & RR. Co
General mort. ($5o0,000) Tenn. C. I. Az RR. Co
! 1*84
Pratt Coal A Iron Co., 1st mortgage, Ala
; 1883
Alice Furnace Co., 1st bonds
i 1882
18*7
Comol. mort., gold, Birmingham, Ala., Div
,
Tennessee Div. bends, gold (for $1.400,0 a )
j 1887
London.
Jan. 1. 1891
N. Y. Fourth Nat. Bank] May 14, 1887
New York City
April 1, 1894
N. Y., 4th Nat. Bank, j May 1, 1894
do
do
j Nov. 1, 1901
Central Trust Co.
| Feb. 1, 1902
N. Y., 4th Nat. Bank.
May .15, 1914
N. Y., Cential Tr. Co. i Nov. 1, 1903
N.Y.. Nat, Park Bauk.
Vpril 1, 1902
N.Y., Fourth Nat.Bank., Jan. 1, 1917
do
do
Jan. 1, 1917
6
3,4,5
901.044
1
4
l
Z*
6 e.
I
1
Q.—F.
1915
:1st coup, due July 1,’87
Aug. 15, 1887
New York, OtHce.
J.
A J.i
New York, Office.
Q.—J. j
New Yoi*k, Office.
|M. & N.i N. Y., Union Trust Co.
M. A N. N. Y., Treasurer’s Office
J ill v 15,1887
Oct. 15, 1887
July 15, 1902
July 16, 1900
j M. A S. | London. Morton. R.&Co March 1, 1900
From tlio annual report published in the Chronicle, V. 41, p.
Co.—This company, organized in 1881,
the Sewauee Mining Co., the Southern 458, the following is taken ror the fiscal years ending June 30, 4886*
Tenn., the Pratt Coal & Iron Co. in Ala¬ The revenues, expenses and profits were as follows:
bama, aid other valuable properties consistiug of blast furnaces, coal
1885-86.
1883-84.
1884-85.
mines, iron mines, foundries, Ac., and large tracts of coal and iron lands
Revenues
for
the
$17,706,834
$16,298,63
9
$19,632,940
year
iu Term, and Alabama. See a full statement tit the property iu V. 44, p.
245. Enough of the consol, and Biimingham Division bonds are re¬
Expenses—
served to r* tire prior issues upon the respective pr> pet ties. There are
$9,544,554
$8,510,658
$9,278,761
Operating and gen. expenses
alt-o $167,000 ot the various issues lieid in sinking funds. In Oct., 1886,
Rentals of leased lines
1,842,690
1,822,543
1,892,347
the Nashv. Chat. A ft, Louis RR. bought tbe twenty milt s of road belong¬
Maintenance A reconstruction.
1,273,125
1,146,871
1,350,448
ing to the T. C. A I. Co., paying $500,000 6 per emt bonds for it. In Taxes
499,592
301,077
301,732
Dec*., 1* 86, stockholders of record on the 22d had the privilege of sub¬
203,001
249,528
190,210
Equipment
of
offices
and
wires.
scribing for $1,000,000 consol, gold bonds at par, ex the July, 1887.
coupon, and with a bonus of $3,000,000 iu new stock, or 100 percent
on prior h ldings.
Total expenses
The debt as given above on the Tenn. portion of the
$13,022,504 $12,005,910 $12,378,783
property is nearly all lefunied into the above new issue of Tenn. Div.
Profits
$6,610,436
$5,700,925 $3,919,85®
bonds, duo 19i7. from Jun. 1 to July 1, 1887 (6 months), net earn¬
Disbursements—
ings were $322,* 00. (V. 43, p. 431, 459, 548 ; V. 44, p. 91, 245. 204,
For dividends
$3,399,573
235, 245, 401,499, 809; V. 45, p. 273.)
$5,599,179 $4,999,325
494,401
472,350
495,072
United States Express.—In Sept., 1887, the stock was increased Fcr interest on bonds
39,991
39,991
39,992
$3,000,00U, raising it to $lu,» 00,000, and the B. At O. Express was pur¬ For sinking funds
chased at a price not definitely known. (See V. 45, p. 305, 341 )
United
Lines- Telegraph.—'This company was formed
In
Total disbursements
$3,934,025
$5,534,389
$6,111,520
August. 1885, as successor to the Bankers’ A Merchants’Tel., sold In
Balance of profits
$498,916
$166,536 def. $14,109
foreclosure July 31, 1885, subject to prior mort. of about $300,000. See
Tenn. Coal Iron Sc KR.
has acquired the properties of
States Coal Inn A Land Co., in
’
; Payable
Where Payable and by
Whom.
Bonds—Princi¬
$2,500,000
.877
|
United Lines Telegraph—Stock
1st mortgage (subject to old lieu of $300,000)
;
2d mortgage - for $3,600,000)
United States Express—Stock
Wells, Fargo dk Company Express—Stock
Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., sinking fund 1 per cent
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)
^ate
peri
when
jP}.v„hl,
r
t
Cent.
100
”25
(guar. 5 per cent.)..i
j
Outstanding
outstanumg.
j
i
INTEREST OR DIVIDENDS.
Size, or
j
Sutro Tunnel—Stock
Mortgage (no bonds)
Tennessee Coal Iron dk RR. Co—Stock
1st and 2d M. bds Tenn. Coal & RR. Co.,
3d M Tenn. Coal & KR. Co
11»U
account of sale and list of property
In
ointed receiver of the B. A M.
sold in Chronicle, V. 41, p. 122.
Nov., 1886, ('. P. Farrell of N. Y. was api
property iu Penn., and afterward appointed for N. J. and Conn.
The Bankers’ At Merchants’ was sold in foreclosure July 31, 1885
(see V. 41, p. 122), and the plan of reorganization embraced the
following points: The lormation of a successor company with a capi¬
tal stock of not more than $3,000,000. First mortgage by the new
company on all of the property under which not more than $1,200,000 of bonds are to be issued, with interest thereon at 6 per cent.
Second mortgage by the new company oil all of the property under
which not more than $'3,600,000 of bonds are to bo issued; the interest
on these second mortgage bonds, however, is not to begin to run until
the 1st of January, 1887, and then for the first t vo years only at 3 per
cent, for the next two years at 4 per cent, and thereafter at 5 per cent.
Tlie general mortgage bonds outstanding were to receive a new $500
bond for each $1,0,>0 bond, being scaled one-half. The stock to receive
one new share in exchange for four old shares.
(See Investors’ Sup¬
plement of I)ce., 1886, and prior issues, for further information )
The lines have been operated under contract i»y the Postal Telegr’h Co.
-(V. 4e, p. 66, 164, 264, 387, 488, 546. 60s, 693.)
..
Surplus July 1 (begin’gof yr.)..
Balance of profits for year
Total nominal surplus
30 (end of year)
June
$3,658,553
498,9 L6
$4,157,469
166,535
def.
$4,324,00 4
14,10 9
$4,157,469
$4,324,004
$4,309,835
The report saj s:
“Whilst the volume of traffic lias continued to increase, the table*
show a material reduction in revenues, principally in the cable, gold and
stock and commercial news earnings.
It will be remembered that for
one half of the previous year tin*, cab'e rates were fifty cents per word*
with no competition; whi'st during the year covered by the foregoing
statement there was active compelition; and for abortion of the year
cable business was done at the twelve-cent rate, which had not been in
operation long enough before the clo-o of the year to develop the largo
Notwithstanding continued reductions in rates,
lines service have been well maintained, the fall¬
ing oil iu earnings from messages transmitted over the land lines being
less than the increase from wire rentals. * * The average rate received
for messages sent over the land lines operated by the company has been
Western Union Telegraph.—On the practical consolidation with reduced to 309|0 cents per message, whilst, the average cost pertain¬
the Atlantic Ac Pacific in 1878 the Western Union had a monopoly of tele¬ ing to the conduct of the business of the company in Luo transmission
graphing business in tbe United States. In 1879 the American Union and delivery oH messages is reduced to a fraction under 24 cents per
opposition line was started under the auspices of Mr. Jay Gould. The me-sage, showing a reduction iu the receipts of 12,0 cents per message,
Western Union Co. divided up its surplus stock, making a scrip dividend
and a reduction m the cost of handling nicssag- s precisely the same.
of 17 per cent to stockholders of record June 20, 1879.
On Jan. 19. Of the increase of $373,000 in expenses, as compared with the previous
1881, was dated the grand consolidation, in which the Westei^ Union I year, $198,000 was m the item of taxes, $70,00o iu line rentals and the
raised its stock to .886.000.000. giving par. or $15,000,000. for the stock ! remainder almost entirely in cable repairs.”
and bonds of the American Union; 60 per cent for old Atlantic A Pacific j
The range in prices of stocks for a series of years lias been: In 1881,
stock was given in new Western Union; and a stock distribution of 38 i
77®94; in 1882, 7618®9338; in 1883. 7l3i®8*14: in 1884, 49®78*«;
An injunction was obtained i in 1885,
per cent to Western Union shareholders.
in 1886, to Sept. 16, inch, 6712®797e.
against the stock distribution and litigation ensued, and the stock
The following statement shows the mileage of lines and wires, number
dividend was finally held to bo legal by the N. Y. Court of Appeals in
of odices, and t raffic of tlio company, for each year from June 30, 1866,
October, 1883.
to June 30, 1886 :
The Mutual Union Telegraph made an opposition lino, but in February,
Miles of No. of
Miles of
1883, a lease was agreed upon. The Western Union also leases the Amer¬
ProfltB.
ican Cable, with a guarantee of 5 per cent per annum on its stock of
Year. PolesAC’bl’s. Wire. Otlices.
Messages.
Receipts.
$14,000,000.
In March, 1886, the company decided to pay the April dividend of
percent in scrip, as per statement in V. 42, p 339, and in March, 1887,
voted to issue $1,2D0,000 stock to take up this scrip, and new bonds
to retire the stocks of several of tlie leased lines having guar, rentals.
The statement for the quarter ending June 30,1887 (partly estimated),
was
as
1886:
follows, compared with the actual figures
for same quarter in
Estimated, 1887.
Actual, 1886.
$1,157,898
Net revenue;.’
Deduct—
Interest on bonds
Sinking fund
Net income
Less dividend
$122,500
$123,470
20,000
$1,400,600
143.470
$1,014,423
20,000
142,500
$1,257,500
812,000
Surplus for quarter
Add surplus for Ju e 3u
$1,014,4i8
4,309.833
$445,500
7,i02,l85
Surplus for Sept, bo
$5,3.4,261
$7,447,685
increase in messages.
the earnings from land
.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
85 045
1880-81.-110,340
.131,060
1882-83.-144,294
145,037
187J-83..
75,686
85,291
97,594
104,584
112,191
121,151
137,190
154,472
175,735
179,496
183,832
194,323
2,250
2,565
3,219
3,607
3,972
4,606
5,237
5,740
6,188
6,565
7,072
7,500
5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
14,456,832
16,329,256
17,153,710
18,729,567
21,158,941
23,918,894
206,202
8,014
211,566
233,534
8,534
9,077
25.070,106
29,215.509
32V,171 10.737
374,368 12,068
432,726 12,917
32,500,000
3ft,8-* *2,2*7
41,181,177
450,571 13,761
4 62,283 14,184
1 *84-85.. 147,500
188>8o .1><1,832 4s9,607 15,112
(V. 43. n. 309. 45 8. 719: V. 44. p.
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
9,333,018
9,262,653
9,564,574
10,034,983
9,812,352
9,861,355
10.960,640
12,782,891
14,393,543
17 114.165
$
2.624.919
2,641,710
2,748,801
2,227,965
2,532,601
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833,937
5.908,279
7,118,070
7,660,350
6.610,435
5,700,924
42,096,583
43,289,807 16,298,638 3,919,855
344. 495, 553, 752: V. 45 p. 369.).
42.076,226
19.404,9. >2
19,632,939
17,706,833
,
STOCK
BANK
Capital.
Companies.
not Natl. Par Amount.
dates.t
10
20
8
7
6
14
100
7
15
8
8
.
__
Columbia*..
..! 200,000:
3 - ,OoO
Commerce.. 100 5,000,000'3,008,ou0 J. Si J.
Commercial. ....!■ 300,0001
39,500
Continental. 100 1,000,000
297,000 J. A J.
Corn Exch*. 100 1,000,000! 1,054,500
East River
25
250,0001 135,100
11th Ward*.
25
lOO.OOOi 111,900
Fifth
100
150,OOo! 193,500
Fifth Ave*.. 100
lOO.OOOi 618.400
First
100
500,000:5.3oi,OOo
Fourth
100 3,200,000:1,149,700
Fulton
30!
300,OOo: 235,300
Gallatin
50 1,000,000j 1,207,900
Garlield
50! 200,000 166,200
200.400
Germ’n A in.* 75
750,000
298.400
Germ’n Ex.*, 100
200,000
314.500
Germania*.. 1100; 200,000
66,500
Greenwich*.: 25
200.000
837.500
Hanover
100 1,000,000
42.200
Home*
...j
100,000
Imp. A Trad 100 1,500'000 i 3,253,900
.
....
....
500,OOO!
! 50
Irving
212,700
503,500
iLeatherMfr.il 00
600,OOO1
Lincoln ....1100
Madis’n Sq.Q 100
Manhattan * i 50
Market
100
300,000| 128,000
11,400
200,OOo:
Mechanics’
Mech. & Tr*
Mercantile.. 10011,000.000
Merchants’. 50 2,000.000
Merch. Ex..
50
600,000
Metropolis*.; 100 300,000
Mt. Morris*.! 100
100,000
Murr’y Hill* | 50 100,000
Nassau*
100
500,000
People’s*...’ 25j
200,000
Reput>lic.... 100,1.500,000
River 8ide*J
j 100,000:
St. Nicholas* |l 00 i
Seaboard.. .100
Seventh W’d 100,1
Second
1100!
Shoe & L’thr 100 ‘
Sixth
100!
500,000:
500,000.
300,000
3 00,0001
500,000
200,000
StateofN.\r*,100 1,200,000
100,1,000,000
40
....
t August 1,
hanks.
LOCAL
1,000,000
J.
J
J.
40
J.
J. 10*49
N.
7
O.
10
J.
A.
6
-
-
-
.
J.
A
J.' si
14
J.
J.
9
10
J.
A J.
Si J.
Si
Si
Si
Si
A
A
A
A
&
A
*14*' July, ’87. *7*’
8
8
8
6
7
6
J.j
1
O.
J.
1
1
i
J:iU., 87. 3
: Aug., '87. 3 4i
! July, ’87. 4
J
’87.
4
'July, ’87.
4
jjuly, ’87. 3
8
10
8
6
7
6
8
10
9
8
10
6
3
6
7
i Aug., ’87.
6
July,’87. 3
July,’87. 4
3
July,’87. 3^
8
10
July,’87. 5
Aug.,’87. 2
July,’87. 4
July,’87. 5
Juiy,’87. 3
Apr., ’67, 2
July,’87. 3h
8
8
10
6
7
6
6
500
J.
J.
"s'
6
5
6
.
J.!
| July,’87. 3
.July, ’87. 2G
i
139.100 J.
J.i.
J.
J.
425,009 M. & N.
187,800 J. Si J.
219,200 J. Si J.
235,700 J.
1.400 J.
14,1001
500,OOO1
187,500
3.500,000'
14,400
300.000
200,000
200,010
200.000
200,000
204,000
.
Lafayette (J)
Long Isl.(J) .t
Man.A Build.
Mceh’nies’ (1)
Mercantile
Merchants’..
..
MontaukC)..
Nassaut*)-...
National
N.Y. En’table
N Y. Fire....
..
..
Niagara
North River.
Pacific
Park
People’s
Peter Cooper
Phenix({)....
Rutgers’
Standard*..
1,060.000
1,000,006
200,006
260.606
200.060
.
Sterling
Stuyvesant..
Unit’d States
Westchester.
W’msbg C. (f> 1
100
15
50
100
40
30
20
30
50
50
100
50
50
50
50
50
37
35
lot)
50
25
25
100
50
20
50
25
50
100
25
25
10
50
6
6
25,716 3
10
ilO
119,483 10
10
10
540,905 10
10
10
.413/95 10
81,39 none. none. 3
156,066
1,000,006
3,060.000
4
06.000
277.382 10
ls4,0 5 20
200,000
78,376
o
10
20
6
8
10
6
5
6
9
206,000
200,000
3S.-403 10
110
200,610
150.006
216.000
8
8
8
!
.
i
V\
J
Q.—J
156.000 J.
A J.
1887, for National banks
Jmy, ’87. 3
July,’87. 5
July,’87. 4
Jan., ’87. 4
May, ’87. 4
July,’87. 3
July,’87. 3
10
10
uly, ’87. 2
July,’67. 5
and June 4, 1887, for State
*
v
GAS COMPANIES’ STOCKS AND
BONDS.
The following is a list of the stocks and bonds of gas companies in
New York and Brooklyn, with details of interest, dividends, Ac.
Quotations for these will bo found in the Commercial
Chronicle each week.
and Financial
94,004
200,600
250,0001
260,000!
180,326; 10
(>(>,263; 9
327,913. 12
90.677 8
200,000
2 10, (.00
200,000
500.000
489,310,10
Par.
Amount.
362,920 14
200,000
200.000
41.150 10
62,617 10
200,000
150,000
1,000,000
214,760 12
|
200.000
200,000
Citizens’ Gas-Light (Brooklyn)
Bonds
Consolidated Gas
1
Jersey City & Hoboken
Metropolitan Bonds
Mutual (N. Y.)
Bonds
.Nassau (Brooklyn)
Scrip
People’s (Brooklyn)
Bonds, 7 per cent
Bonds
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
Bonds
Equitable
Bonds...
20
756,000
Quar.
;
1,000
700,000
F. Si A.
100 3,500,000 J. Si J.;
1,000 l,50o,()00 M. A N.
1,000
Var’s. j
May 5, ’87
Jul> 1887
3
,
5
2
.J’e
’87
2L> IVIay. 1887
3 "
1902
15*
>
Julv, 1887
3
2
1902
Julv 1, ’87
»
400,000 M. Si N.
100,000 A. A O.
5
3
50 1,0(0,000 Quar.
! 1,000 1,000.000 A. & O.! 3
i
100 1,000,000 J. A J. 3
1,(X*0 750.000 M. A N.JI 3
i
i
j
100 3,000,000
3
j SOn.OOO J. & J. 6
100 2,000.000
l.Ooo l.i oo.ooo K. A A. 6
1908
Apr. 1, ’87
!
J’Jy IS,’©7
1899
,
J’ly 18,’87
!
J’Jy 15,’87
1899
1899
July 1. ’o7
1900
Atm. ’87.
Juiy, ’87.10
July,’87. 3
July,’87. 4
July,’87. 4
Julv,’87. 2
Jan.,’85. 5
Jail.,’87. 3
10
8
12
12
8
10
8
12
i 10
6
i 12
July,’87. 3
*87. 5
July,’87. 5
Ju y,
Julv,’87. 4
July,’87. 5
.*
A
ug.,’87. 4
July,’87.
Apr.,’87.
July.’87.
July,’87.
July,’87.
July,’87.
July,’87.
July,’87.
Jmy,’87.
4
4
6
3*s
10
10
10
12
10
10
7
10
5
12
6
10
510
5
7
3^
2*50 Aug.,’86. 2Lj
10
July,’87. 3
10
July,’87. 5
10
Aug.,’87. 5
20
July,’87.10
‘
none.
9
107,671 10
260.293 10
300,000
250,000
310,510 10
10
563.246 20
j 20
! 10
Over all liabilities, including re-msurance, capital and scrip.
t
Surplus includes scrip.
HORSE
6
Sept.,’87. 5
*
CITY
4
Jan., ’87. 3
lv, ’87. 5
July,’87. 5
July,’87. 5
Jan., ’87. 3
6
7
30
10
1 8
250.000
(J) Brooklyn.
RAILROAD
STOCKS AND BONDS.
Dividends and interest.
Railroads.
| Par.
Amount.
Period.
t
Atlantic Avenue (Brooklyn)..
i
Bonds
Bleecker St. & Fult. F.—Stock. !
1st
50
1,000
100
1,000
mortgage
Broadway Si 7th Ave.—Stock.
1st mortgage..
2d mortgage
1,000
1,000
Broadway (Brooklyn)
100
1st
1,000
1,000
mortgage
2d mortgage
Brooklyn City—Stock
1st mortgage..
Brooklyn City & Newtown
l st,
10
1
1,000
...
i
mortgage
:
i
Cent. Park N. Si E. Riv.—Stock
Consol, mortgage bonds
Bonds
Coney Island Si Brooklyn
|
Grand St. A Newtown (Bk’lyu)
1st mortgage
Houst. W. St. A Pav.
1st
mortgage
Ninth Avenue
Second Avenue—Stock
1st
mortgage
Consol..
Sixth Aveuue—Stock
1st mortgage
Third Avenue—Stock
Bonds
Twenty-Third Street—Stock...
1st mortgage.
Q.-J.
1,500,OOO1 J. & D.
500,000!J. Si J.
525,000
j
"
250,000
100.000
% July, 1887
7
3
5
5
3
7
6
2
3.209,000 Q.-F.
800,060 J. Si J. 5
July, 1900
Jan., 1886
June, 1904
1914
July, 1886
1889 ~
1889
Aug. 1887
Jail., 1902
lhj
.
200,000 A. Si O. 4
400,000iJ. Si J. 7
Apr., 1887
2
6
Aug., 1887
1,000
500,000
1890
Q.-F.
4(>o,000 J. Si J.
600.000
1888
1902
1% July, 1887
250,000 M. Si N. 6
1,000
Nov., 1922
100 1.800.000 Q.—J.
1 >2 Apr., 1887
Dec. 1902
1,000 1,200,000 J. Si D. ~7
100
6>0,000 Q.-F.
1*2 Aug., 1887
U 0,000 A. & 0. 7
1898
1,000
100
3
500,000
Aug., 1884
75,000 J. A T. 7
1887
1.000
1903
l.ooo
125,600 J. Si J. 5
2
100 1,200,000 Q. -F.
Aug., 1887
Q.-J.
900,000 J. A I).
7
J une,1893
100
!
1,200,000 F. A A. 6
Feb., 1914
14> Julv, 1887
100 1,060.0'N
Q.-J.
F.
6
A A.
1914
100,1,090,000
loo
748,000 Q.-F. 2 V Aug., 1887
236,000 A. & O. 7
1,060
Apr., 1893
100
170,000
2Lj!Jan., 1886
500
175.000 F. A A.
250,000 Q.-F.
500,000 J. A J.
100
860,000
1,000
F’y—Stk.
J.
100
100
Scrip
Eighth Avenue—Stock
•Scrip
Si
*
2
Jan., 1887
5-7 1885 A ’94
900,000'J. A J.
700.000:J.
Date.
arm non
1,000
Central Crosstown—Stock
Rate.
(ton
loo
mortgage
500.000 j
100 1,000,600
Brooklyn Crosstown—Stock...
1st
$700,000 Q’rt’rly.
100 2,100,000
D. D. E. B. Si Battery
4
j
j
*
200,000
Date.
s
25 1,000,000; Various
iVar’s. j 700,000 M. A N. 2*2 May 1, ’87
j
10 1,000,000 Quar. 1L> S’pt. 15/87
Bonds, 6 per cent
Williamsburgli
Various
20 1,200.000 Various
1,000
250,000 A. Si O.
100 35430000 J. A D.
25 2,000,000
1
1
4
10.517
500 Ac
j
10
167,242 11
145,257 7
350,000
3d mortgage
Period.
M
Brooklyn Gas-Light
8
78,8 46
350,000
...
Gas Companies.
6
64.75o!10
47,402 1.0
187.338 6
24,7*94 10
21/07 3
150,000
306,000;
Christopher & iOtli St.—-Stock.
Dividends and interest.
Jan., ’87.
July,’87. 6
J
10
20
6
8
7
8
i
216.300 J.
120.300 J.
75,500 J.
100
uly,
i.July, ’87. 3^
!
I July,’87. 3
| 712 J uly, ’w7. 4
6
July, *87. 3
16
July,’87. 4
i
-8 (May,’87. 4
10 I July, *87. 5
8
July, *87. 4
'
7
6
1(5
ij
4
5
July, V7.
July, ’87.
8
10
8
8
7
6
7
3
Q.-F
’87.
May, ’87.
....
Knick’bock’r
July, ’87. 3*2
J.
J.
J.
J.
J.
J.
J.
J.
J.
169.400 J.
249.400 J.
3
3
5
3
.
July,’87. 5
July,’87. 7^
July.’87. 3
Ang./87. 4
July,’87. 5
Jan., ’87. 2
21,219
,374,85» 15*40 15*40 15 *40 Juiy,’87.7*70
15
15
660,579 15
Apr.,’87. 7i«
6
6
87,200 6
July,’87. 3L*
113.9 G
7
7
Aug.,’87. 3ifl
10
10
116.338 10
July,’87. 5
29,632
*8
7
65,736 8
July,’87. 3
14
15
,,344,279 14
July, ’87.10
Ju y, ’87. 5
10
10
638,083 10
10
10
122,073 10
July,’87. 5
10
10
465,811 30
July,’87. 5
1,000,000
»
25
..
Jefferson. ..i
Kings Co.(i)
.
7
7
A J.
A J.
& J.
.
May,
7*2!
J.
J.
J.
.
.
A ug., ’87
Aug., ’-‘7.
6
N.
J.
J.
A.
J.
5
9
6
A.
A
A
A
A
(Si
....
Greenwich
Guardian
Hamilton
Hanover
Home
Howard
..
p
......
J.
M.
J.
J.
F.
J.
L6,oOO A.
697.300 J.
July, ’©7. 4
May ’87. 3*2
6
*
J.
8
7
10
......
200,000
153,000
300,000
210,000
250,000
500,900
10
8
12
12
15
6 5C
8
10
10
10
12
13
15
6*50
9
10
25.736 10
278.683 12
340,583 14
256.686 15
329.1 •< 10
174,118 10
50.281 10
300.000
.
July. ’87.10
Apr., ’87.
40
Empire City. 100
Exchange... 30
50
Farragut
Fire Ass’u... 100
17
Firemen’s
German Am. 100
50
Germania..
50
Globe
Eagle
701.272 10
200,000
...
Last Paid.
1884. 1885. 1886.
$
$
400,000
50
Americani...
Amer. Exch. 100
25
Bowery
Broadway... 25
Brooklyn (J). 17
Citizens’
t 20
70
City
100
Clinton
Comm’nw’th 100
Continental t 100
...
40
8
6
7
J.
4
July, 00
......
.
.
M. & N.
M. Si N.
.
..
9
111,300 J*
362,100 J.
132,10U J.
220,200 Q.-J.
250,ouo:
200.OOO j
A.
’87. 6
’87. 3
’87. 4
’87. 4
’87. 3
’87. 3
Sect, .’87. 15
July, ’© 7 3*2
May, ’87. 10
July,
July,
July,
July,
July,
July,
6h July, ’87. 3
Au
H7. 5
10
3
July, ’87. 4
8
July, ’87. 4
6
July, ’87. 3
8
10
8
8
...
093,70U!j.
100,000
U. States
100
Western
West Side*.. 100
J. Si
M. Si
A. Si
J. Si
F. A
498,900 j
....
Phenix
j 20,1,000,000
Prod. Exch.* 100 1,000,000
&
A
A
Si
Q
J.
J.
150 9u0
New York ..,100 2,000,000jl,‘l-2,<i00
N. Y. County, 100
42.800
200,000
N. Y. N. Ex.: 100
104,800
300,000
Ninth
; 100
239,500
750,000
Nintli Ave *.!
2,500
100,000
6.400
Nme’th W’d*
100,000
!
n
N. America*
311.100
70
700,OOo
North Kiv’r*j 30! 240,000
91.800
Oriental*... 25 j 300,000
3*20,oOO
Pacilic*
267.400
50
422,700
Park
1100 2,000,000 1,676,000
Third
J.
F.
500,000
25:2,000.000
25! 200,000
Tradesmen’s
Twelf.Ward*
Union*
F.
J.
J.
July. ’87. 4
May, '87. 3^2
8
7
l,
1887.*
Amount.
Par.
$
10
America*... 100 3,000,000 1,739,800 J. A J.
7
Ajn. Exch.
100 5,000,000 1,528,000 M. A N.
Bk.ofDep’sit 100 300.000
Bowery .... 100 250,000 334,300 J. A J. 10
Broadway.. 25 1,000,000 1,426,700 J. & J. 20
277,200 J. & J. 1
Butch’s’&Dr 25
300,000
8
6
518,100 J. & J.
Central
100 2,000,000
J.
402.800
Si
6
J.
!
Chase
100
500,000
444.800 Q..- J. ! 19
Chatham.... 25
450,000
Chemical... 100
300,000 5,217,100 Bi -in ly. 100
7
350,700 J. Si J.
Citizens’.... 25
600,000
100 1,000,000 2,lu4,500 M. Si N. 15
City
jan.
Latest.
Dividends.
Surplus,
Companies.
Period. 1885. 1886.
LIST.
Net
Capital.
Dn’IDENDS.
Surplus
[VoL. XLV
STOCK
INSURANCE
LIST.
at latest
Mkd. thus(*)
■are
STOCKS
BANK, GAS, INSURANCE AND CITY RAILROAD
-.120
100
100 1,862,000 r. A J.
400,000 M. A N.
1,000
i,ouo i,oco.oou M. A N.
100 1,500,000 F. A A.
500,000 J. A J.j
1,000
100 2.000,000 Q.-F. |
1,000 2,000.000 J. A J.
100
600,000 F. A A
1.000
250,000 M. & N.l
*
This column shows last dividend
of bonds.
on
7
2
7
3
5
5
7
2
7
3
7
7
1896
Feb., 1886
July, 1894
Mar., 1886
Jan., 1887
Nov., 1909
May, 1888
July, 1887
July, 1890
Aug., 1887
Jan., 1890
Aug., 1887
May, 1893
slocks, and dme of maturity
gfflCE
r
853888111
535888 111
54888 111
i
845811187.
6
Southern—
(290
(290
(290
(290
*
m.).
in.).
m.).
in.). !
(290 m.J.
188-5
1887
Atchison Topeka A: Santa
Fe—
<2.219
(2,259 to 2,340
(4,375 to 2,300
(2.404 to 2,437
(2.445 to 2,011
1880
1887
m.).
in ).
m.).
m.).
in.).
Burlington Cedar Rap, iSc No.—
(«90 to 713 m.).
(713 to 889 m.).
(938 to 900 m.).
1880
(990 to 1,000 rn.).
1887
(1,039 in.)
3764658811
Central Iowa—
'
1883
(276 to 401 m.).,
(401 to 490 m.).
(490 in.).
(50*« in.).
(509 m.).
1880
1887*
Chesapeake & Ohio-
1880
1887
Chicago & Alton-
94.152
127.791
March.
Feb.
J
82,451i
89,270
98,450
90,891
124,505
April.
*
89,015
90,157
73,414
85,300
97.303
as,839
119,213
213,803
223.7 i 9
177,503
220,208
187,001! 252,913
110,954
114,789
1.278,154 ,314,913
1,300,000 ,343,302
1,297,825 ,184,080
1,201.47311 ,198,173
1,084,35 s 1 553,719
r
202,537
207,548
195,93 4!'
272,309
241.943
245,457
209,1 oj
80,387
115,015
99,154
235,210j
100,480
82.593
113,702
80,247
114,720
127,397
122.700
85,99i!
82.9 -7
102 357 j
1 11.0 38
95.003
90,8.38
130,288
*
78.275
217,319
98,419
June.
*
82,831
88,872
201,904!
i
May.
!
72,225!
78,359
88,543
08,224
218,252
217,570
280,875
PRINCIPAL
79.749
08,01!:
8'.,345
117,008
RAILROADS.
July.
Aug.
f
72,345
73,900
70,092
82.004
115,973
f
92,043
80.087
77,:35i
97,750
12)*,017
I
1.005.794 1,033.534 1 .415,514
1,172,348 1,167,020 1 ,404,050
1,115,098 1,004,748 1 ,344,185
802,203! 1.057,407,1 ,309,352
1,313,592' 1,330,403 1 ,702,028.
197.402
191
92,152
325 71011,452,90 5
1, 254,029’ 1, 301,039 1,39.1,319
l, 2(8.772 1, 1.81,784; 1,243,909
J, 252,754! 1 303. lio; 1,341.951
1, >41,870.1, 534,902 *1431201
1 201,085 1
195 989'
232.522
195,970
210,590
225,824
208.072!
221,573
239,385
211,355
210,788
216,010
200,41''
230,451:
218,124!
217,440'
115,120
121,89,8
88,777
108,45)4
94,391
102,282’!
109,751!
93,924
99,319
129,005
124,231
113,505
117,022
112,091
331,173
323,845
257,202
249,522
335,20*
381,740
320,938
348,1*7
224,381
209,735
2 40,435
237.034
201.93*
Sept.
90 380!
95.270
90,523!
104,428
(502 in.)..
(.502 m )..
(502 in.)..
(502 m.).,
(502 in.)..
251.970
280,021
292, it 10
201,109
310.592
218,094;
208,775
278.241!
317.1) 2
295,500!
338,ln4
355,490
2.87,497
247,112
307,-93
344,706
301.925
47,540
50,403
55,*>K8
05,743
78,584
56,029
57,040
49,929
03,128.
200,0721
337,795
313,542
(139 m.)..
(139 m.)..
47,893
55.498!
53,045
47,388
45.949,
57,519
(139 in.)..
(139 m ;..
(139 m.)
55,041
59,278
70,651
48,082!
63.031
08,420 j
53,807
74,2.84
(849 in.)..
(849 in.)..
040.380
000,042
040,835
557,*41
072,509
557,384;
573,284 i
537,3221
542,137!
584,40h
81,638
84,704'
(240 to 251 in.)
....(251 ru.i..
(251 in.)..
1880*
(247 in.)..
1887*.....
(247 in.)..
Chicago Milwaukee & St. Paul.—
(4.520 to 4,700 in.)
(4.700 to 4,804 in.)..
(4,804 to 4,932 in.).
1880
(4.932 to 5,181 m.)..
1887*
(5,201 to 5,207 in.)..
.
1.302,983
1,513,040
1,385,5*5
1,400,240
,549,834
.742,00 •
,070,075
,087,348
200,357
201,10
299,973
29 7,853
307,040
308.200;
281,413
349,503
310,204
274.132!
131,513
149,950
142,044
124,254
152,599
154.381
147,943
133,305
365.474
303,103
30h,097
.
Chicago.& Northwestern—
155,900
112.209!
109,252
129.142,
141,108;
*
1,071,829
1,165,103
1.070,180
1,213,080
1,719,355; 1,524,929 15,984,307
i
313,000
29'),070
107,8741
97,2121
85,079.
99.950
322.799
385,83250,022
58,050
52,701
07,411
93,744
157,078.
122,196
123,940;
201,207
28*,415
260,909
2,840,771
2,790,459
3* >6,779
2,933,309
3.093,514
123,*45
117,441 1,392,587
118,297 ' 1,448,258
127.497 1.307.373
120,737 1,323,025
i
2*0,214
405,50h
3*9,581 i
299,198
415,900
63,4351
75,831
83,172
02,9.<2
91,028
70,934
70,252
72,519
95,802
880.550
859,904
934,945
910,90-1
720,005
741,252
755,825
3*8,992
375,815,
270,181'
307,430
372,031!
345.306,
276,079!
2*4.080
358,551
306,385
308,912
314.195
340,1 SI
3.900,793
3,538,005
3,301,235
4,090,048
I
74,850
58,050!
95,840
70,6951
08,574!
70,932
90,674
51,530
05,584
57,732
80,840
713,103
762,627
801,18",
749,220
753.857
092,712
703,1 >20
8.810,010
8,709,275
58,051
71,228
08,2989,85*
700,467
937,529
98,980
l
591,637
591,091
007,508
068,570
591,200
012,047
570.634
595,585
037,484
715,755
054,049
021.019
717,190
680,094
097.919
080,851
000,878
007,281
040,730
052,001
731,503
730,944
008,393
715,100
777,414
901,019
889,037
707,047
808,942
733,038
758,417
2,502,773
107,467!
Total.
1,530,2741 1,312,739 15.909,440
1,401,922 1,235,082 10,291,883
1,003.413; 1.253.374 15.571,398
2,233,891
2,31 *.05
2,250,340
138.801
125,425,
127,034;
i 35.88.4;
ios.995'
149,079'
115.700
128,014
ias,838
123,088
98,037
131,67*
!
Chicago Burlington
Quincy(3,229 to 3.322 in.)..
(3,322 to3,407 m;)..
1885
(3,407 to 3,040 in.).
1880
(3,040 to 4,030 in.).
1887
(4,030 to 4,310 in.)..
Chicago & Eastern Illinois-
*
f
$
112,503
109,734
104,273
124,072
|
80,739!
97,459
29.8,030
300,211
290,002
253,440!
Dec.
Nov.
Oct.
I
*
J
(849 m.).
(849 in.)..
(849 m.)..
1880
1887
84,595
88,313
104.791
110,014
Elizabeth. Lex. & Big Sandy-
1880
1887
Jan.
OF
EARNINGS
MONTHLY
Alabama Great
.883
EARNINGS.
RAILROAD
September, 1887. J
139.58(3
111,048
140,720
113.023
108,074
1,359,199 1,257,040 2,043.730
1,407,097 1,317,004! 1,788.720
1,517,39711,345,490 2,081,071
1,445.17 4 1.503, w() 1; 2,033.014
1,490,234! 1,521.972,2,212,08*
123.709'
108,547
110.000!
135.5571
151,034;
1.972.271
1,948,030
1,927,204
1,703,890
1.975,001
144,143!
128,079
112,309
120,510
115,133
155,4 >0
123,577
110,812'
134,285
107,5u8
120,093
128,392
158,001
150,514
140,730
114,05c
141,250
100,190
101,209
158,220
153,874
109,714
167,306
145,021
150,577
175,901
173,995
149,908
135.400
161,011
104,701
7.993.170
8,000,040
2,170,918 20,110,308
2,000,299 25,4*3,018
2.: 29.9.5 20.550,427
2,368,431 20,728,408
140.040
132,985
104,065
170,375
1,059,257
1,540,115
1,073 948
1,776,907
184,041
2,638,421
2,150,913 23,659,823
2,218,998 23,470.998
2.330.250 24.413,273
2,409,313
2,250,241 24.718,404
2,387,601
2,308,877
2,033,514
1,985,70.'
1,875,23;
" ‘
1,707.009
1,800,000 2, 12o!ouu
737,121
j 1,810^435 2,008’<>00
2,403.459 2.647,968 2,793,991 2,308,542
(3,580 to 3,701 m.).. 1.357,022 1,311,395 2.095,292
2 027,932 2.340,914 2,523,843
1,990,509
(3,701 to 3.843 m.).. l ,502,418; 1,504.100 1,700.941)
1,922,235 2,552,324 2.878,409 2,259,541
(8,813 in.)..
1880
2,328,470 2,740,150 2,810,900 2,302,009
(3.891 to 4,037 m.)..
1887
(4,037 to 4,101 in.).
Chic. St. Paul Minn. A Omaha—
442,987 5,515,285
449.584
442,878 444,333 495,020 523.492' 073,880
583,185
(1,150 to 1,280 in.).
429,339
308,405
438,521
283,00!
444.11 0 5,784.932
540,959
(1,307 to 1,318 in.)..
350,283, 331,453 403,952 507.998 513,349! 406,514! 400,700 409,130 527,884 042,400
465,811 5.814.810
588,587
(1,318 to 1,325 in.)..
331,452
307,043! 458,824 404,892 478.152! 470,5U8 472,523 4 70,229: 000,905! 099,884
1880
503,499 0,153,260
339.521
395.000; 520.05)
030,122
479,187! 458.925! 490,2 11 493,340! 499,0*7 618,411: 052,050
(1,339 m.)..
510.005
i 5*2,790) 550,001; 501,4*01
(1,305 in.)..
371.701
309,208; 580,15;
Cin. Ind. St. Louis & Chicago—
i
177,395 2,482,824
211.204
220,484
(342m.)..i 191,782,' 141.256
205,5401 199,9291 190.123) 246,517 249.880 249,507
203.093 2.434,780
190.313
i
197,82*2
(342 m.)..
205,195’ 192,438! 209,575! 244,1 17! 250,98* 241,145
170,318; 122,080
201,150
205,700
2 373,407
192,175! 179,276
177,OS,"
194,07.8
...(312 m.)..
185.999
200,847 219,25o 220,200
203,414
172,544 221,180
19 5.067
213.031! 230,482 245,523 247,953
246,977 2,001,503
228. '09
191,098
208,429
(342 to 2s<7 in.)..
195,995
193,831
199,108
1887
(25>7 in.)..
210,108; 190,671! 234,712 202,743
217,7<)7: 217,726 *2 >',938 *231.9011
Cincinnati N. O. & Texas Pac.— I
i
200.333
234,087 2,500,195
227
475
(330 m.)..i 185,720
234,425
154,127!
173,110 203,208 208,820 228,358 241,133 239,787
2*9,030 2,058,185
242,3*1
220, 70 j 230,4 )11 242,797
104.371
231,130
(330 m.)..j 18*,230
233,273
210,820 221,937 212.0)1
201,710 2.081,547
252.070
(330 m.) J 201,047
196,079! 222.2 >2 194,008 187,247 200,3*0 222,929, 238,1*51 241.225 257,103
271.105 2,882,172
20 i.917
2*9,020
1880
259,751 i 25< >.960! 250,31(
195.0 '4
232,007
272,584
199.715
200.29 ii 243,870
(330 m.)..
1887
20SU53;
278,091
201,75 4 j 270,45*
(330 m.). | 205,194
252,848! 272,25* 240,523
Clev. Col. Cin. & Ind.—
.337.842 4.342.003
340.0*5! 359.273 301.870 447.0401 424,719 391,980
(391 m). ! 311,583
304.401
374,645
815,789
373.304
372.907
325,125 3.811,743
r
820,301
(391 m.)
: 277,759
302,995 310,147 294,113 302,200 3oo,04)> 309,078 344,482 330,927
204.032
345,088 3,000.439
300,209
302,0.84
(391 m.)..
257.2*E
294,1.-0
329,395
287.001
2*7, -34; 341.101
290,145
250,1 1.5
1880
309.324: 335.741
382,458 4,184,118
318,131
40a, 538
4-42,95<
4O*,0*3
874,124
(391 m.) .! 2 85,7331 292.520! 314.322
281,58*
1887
*35'5,ly3
331,29*
(391 m.).. i 314,280! 288.4 |5
405,90 >
1
Denver & Rio Grande1883
020.013
709.825 099,603
720.445
666,00'>
557,939! 7.361,540
} 078,781
035,858
(1,315 to 1.679 m.). I 463.702 457,5351 548,580 590,531
433,1 19
47(5,350
521,957 507.285
402,459!
494.230 /l526,47,
1881o
421,359; 5.552,104
(1,317 in.)..: 430.302 3 47.5s*>! 390.873 480. It* 1
551.003
504,170! 0.119,054
525,34
40 ,341
020,303
502,734
50-8,09-4
449,059
4->5,3/0
572.9831
1885(7
(l,3l7 in.)..
395,3<)8i 491,103
010.oS2
510.00*
555,38(5
Hl-1,039
085,215 0,788,078
42 7.74 71 497,183
040,-34
7j3,, 00
048,9o7
1886y
.t
(1,317 in.)..| 401,903
484,854
1887
07a, 170 *709,OUO
011,241 | 07/,24.
(1,317 m.).
545/LO 552,235 003.370 505,744
East Teuu. Va.
Ga.—
394.43-1
374.945 4.144,275
311,784
302,504
304,897
455,593
409,605
272,322 283,157
1902 to 1,098 in.)..! 323,241
312,522 339,151
370,803 3.903,022
1884
278,0.37 312.723 309,311
412,280
380,18>>
291,519
295,401 l 30..81U
(1.099 m.)..! 31 T.w-S'.
320,392! S31,109
4
•
298.82
1,3*0
4. 32-.241)
379.424
400,781
27-5,871 | 274,47(5
(1,093 m.)
270,698
40s,554J 4.120.430
427,885 3! 1,8911 324.400
3 51.010
420,010! 4,283,212
1880
’
284.152
3(54.811
450,01
*77,:< 7o
320,398
394,:180
424,372
.‘341.380
344,023
(1,099 ru.)..
324,032
*
*41 i, 171
3 <3,>00
1887
415,370
302.700
4-25,057
.(1,098 to 1,293in.;..
414,382
390,283
422,487,
Flint & Pere Murqueltc—
1883
234,617
(347 to 301 m.)..
104.9541 233,300 237,517 229,0'54 200.322! 184.427 203.805 204.808 257,779
190.179
1884
158, <15
18U.792
(301 m.)..
189,5891 218,759 217,000 223,29s 179,343} 172,8. ,3 174 3 48 172,109 188,007
10 8,812
1885
1(51.100
155,697
107,75.
180,-0 .
177,09*
151,702
(301 m.)..
143.850
174,04 '•
129,572! 158,108
193,500 2,100,773
109,7*3* 179,730
190,070
1(5.8,5)25
179,155 186,394
177,810
(301 in.)..
203,181
152,094
157,849
201,0 77
1887*
171.395
(301 in.)..
229,081
220,149 225,708} 222.434, 210,443
173,505 2*3,440
Lull Colorado & Santa Fe—
187,614 2,110,041
226.715
1(53,452! 184,950 212,507 241,771
132,203
151,730
148.400
(482 to 534 m )..
173,034
150,180
131.052
185.2 71
142,04* 1,727,595
125,504
211,001
120,432
100,050
138.414
120,285
133,037
121,670
124,959
(530 m.)..
2--0,732
120,4 2(5
804,773
110,103
139,430, 150,903 211,163
243,004
1>49,429
85,130
(530 to 590 m.)..
93,0 44
92,297
85,70*
1880
*234,0*9 2,288,028
154 223
140.909!
*292,031
(025 t o 729 m.)..
153,101 *161,358 *191.9331 *178,703 *210,992 *201,094
100,007
135,788
155,390
175,220,
209,0*7'
J
100,843
139,058
189,0cm
180,183
1887* ..
(835 to 973 ru.).
III. Cent.—Ill. Line & So. Div.—
1.183,468 1,119,010 1,021,574 11,039.033
(1,498 to 1,520 in.)..
931.933
847.439
699,370 748, .803 702,403 772,75)2:
979,717
813,099
7*8,809 727,059 704,233 837,443 010,005 1,078,544 1,009,074 1,059,505; 10,47'.448
844,009
782,830
(1,520 to 1,000 m.)..
820,572
1885
704,(5'
(7
840,891
934,229
1,112,710 1,060.390 1,120.4OO110,942,920
723,007.
915.957
780,700
9.4,800'
822,385
808,715
(1.600 m.)..
793 075
946,910
842,538
970,102 1,1:18,385 1,038,599 1,112,721 10,770,187
774,140
782,749 857,753 820,810: 094,799
(1,600 to 1,953 m.)..
793, <01
882,9*0 877,015, *841,351 *908,005
959,918
(1,953 m.)..
833,500 950,897
Leased Lines in Iowa—
201.900
210,842
160,305
154.078
158,754 2,025,109
100,472
201,930
153,556
204.934
156,907
120,824
121,942
1883
(402 m.)..
127,71*
129,480
100,620
150,541
184,807
1.712,389
130,040
152,100
130,703
134,332
131,612! 112,159
131,512
(402 m.).
10- -,081
107,28*
178.768
1885
107,419
127.329
125.778
130,78)5
134,110
120,349
1,078,330
102,143 i 154,082
(402 m.)..
103,003
190,033
1880
142.(595
203,893
157,093
149,353
155,590
1,753,300
123,055
123,260
134,191
85,480
129,779: 157,774
(402 m.)..
1887
,
(402 m.).. 118,300; 103,0801 144,197 113,553 133,291 12(5,51H *124,Ul*! *147,174
Indiana Bloom. & Western202,812 2,927,533
1883*
217,618
292,905
270,ail
235,972
217,574
215,913
(084 m.)..
248,142 202,931 i 208.801
1 73.188
107,943 c2,302,023
228,851
245,220
224,500
185,040
1884*/
108,111
173,0*5
173,071
104,877
(532 m.)..
188,932! 193,222
234, .'59 c'2,412,078
227,110
207,397
242,800
242,401
107,005
1885*/
100,299! 227,0*8 109,892 100,(50)5 107,5 44
109,772
(533 m.)..
209,973! 2,542,811
257,522' 253,303
190.934
218,240
245,340
227,300
1880*/...
174.48:<
196,250! 203,877
180,0-80
(532 m.)..
178,702
, 1887V
(532 m.).. 202,050 182,080! 243,511 178.70.8 193,572 197,*9-, 2)58,281 250,705!
Louisville tfc Nashvillei
1883
(2,028 to 2,005 m.).. ,118,735 1,014,807 1,140,340 947, 450 1 ,002,348 1 ,090,700 1,124,770 l,251,127il.334.17» 1,504,465 1,307,394 1,272,924,14,109,257
291
,032,359
1,000,104 1,11 7,3)3 1,145,30011.291,714 1,190,500 1,202,127 13.002,447
1,125
,150,109
1
1,015,413!
,039,317
1,187.738
§84
(2,005 m.)..,188o
101,403!! 036 ,57- 1,057,33! 1,078,790 1,148,214 1,203,409 1,129,*94 1,104.212 13.672,044
(2,065 to 2,0.'3 m.).. 1 ,170,719 1,082,175 i .280,523 1,158 099
1880277
>4
960,
038.8.
1
121,19
,102;
2; 1,259,774 1,200.507!
1,2
1,258,192 1,3*3,753 1,2*1,997 1,278.905 13,998,290
(2,023 m.).. 11 ,050,680 1,050,103! 1,104,950
1887.
(2,023 m.)..11 ,228,093 1,170.453} 1,328,230 1,178 32 ) 1,254.930 l 200,149 1,320.603 *1337985
Memphis & Charleston—
150,749 1,299,425
154,207
78,534;
88,059! 101,993 101,382 139,183
1,700
80,388
103,000} 101,820
(330 m.).. 113,344
171.H34 1,428,083
126,245
142,1*5
112,881
111,925'
111,010
i,557 101,023 117,705; 105,471 [ 114,003 110,384
J884
(330 in.)..
158,033 1,339,849
105,195
133,795
150.901
81,721;
95,824
83.810:
101,147! 109,252
,994
(3(40 in.)..
78.844}
141,300
177,797 1,444,038
120,080
100,909
95,403
119,375
175,40*
(330 m.).. I
84,*53
115.107
77,297|
,287
100,231' 115,171
188/
118.447' 111,9641
127,89 7' *138,535
.293
1*5.375! 127,810
(3(40 m.)..l
150,246
1883
1884
193.141!
,
■
.
144,0(57!
.
,
920,022!
-
.
319,713!
234,151!
■
,
|883
*
Approximate tigures.
v
cEmbracing corrections found neoessary after monthly totals had been published.
Not Including rnd. Dec. &; Springf.
.h, including 1135,000 traffic balances.
g Not including Utah line?,
SUPPLEMENT.
VECTORS’
122
MONTHLY EARNINGS OF
Feb.
Jan.
<K73
Minneapolis & St. Louis1883
1884
1885
1886
1887
(361
(351
(351
(351
m.l..
m.)..
m.)..
(351
m
)
*
i
112,524
103,837
160,284
254,076
107,548
169,151
124,856
144.018
159,310
160,192
164,213
142,712
151,255
110,510
137,027
160,118
135.557
172;410
176,053
140,527
171.5 5
73^605
96.491
113.162!
120,692
135,868
151,301
154,625
150,011
161,854
117 845
103,366
162,071
113,55-
216,212
170/228
201.681
184,263
236,015
168,245
184.S45
129.108
161.28)1
185.275
167,700
164,494
16 ?, 139
200,499
190.956
12r>.428
166,152
Ib0,405
149,712
154,407
185,902
160,669
158,045
154,944
256,271
212,459
223,506
221,657
195,262
210,495
206,164
206,819
186,737
197,790
210,586
90.037
97,383
111,570
160,85*
$
88,239
96,808
116,272
91,047
(528 m.)..
(528 m.)..
(528 m.)..
(687 m.)..
1883
1884
1885
1886a
1887a*
(687 m.)..
Sc St. Louis—
(550 m.)..
(580 m.)..
(580 m.)..
Rashville Chatt
1888
1884
1886
1886
1887
197,388
186,002
184,086
185,510
242,004
(580 to 600 m.)..
1883 /
.1884 /
1885 f
1886 /
i
$
*
103.943
95,215
1.058,664
1,114,316
1,365,277
2,317,802
75,529
87.5"8
107.248
132,904
204,700
167,224
149,802
145.381
130,48."
140,184
1,651,602
1,734,02?
1,714,752
280,062
253,332
235,246
289.246
266,861
306,686
2,268,642
2,160,412
2,045,951
2,224,038
201,320
203,737
101,846
213,200
205.660
106,001
181.488
213,769
200,1*99
107,512
2,057,54? 2,111,456 2,580,950 2.613,134
1,5*59,568 1,784,639 1,861,214 2,104,375
1,451,033 1,561.722 1,737,458 1,835,664
L .887.505 1.985,366 2,051,695 2,230,877
2,066,573 2,131,200
2,411,146
1,867,857
1.080.648
2.180,982
1,703,338
1,912,526
2,234,850
2,048,512
391,825
300,794
327,248
370,544
358,571
365,877
306,734
310,002
254,420
309,743
347.703
215,422
239,050
311.016
320,786
3,956,276
103,637
90,685
95,417
105,3 54
102,817
94,042 1
86,782
00.059
97,275
105,087 |
109,868 1
107,735
73,831
87,686
86,405
112,545
1,003,601
1,034,210
1,092,354
1,129,440
271,177
244,810
270,636
337,708
232,854
247,103
267,337
2,812,775
2,711,152
2.771,121
3,252,058
474,805
483,594
493,150
442,260
5,521,878
142,293
151,016
121.364
118,7*8
11 "304
118,677
113,459
106,683
141,076
142,774
122,653
150,005
177,71u
123.727
140,036
134,464
129,323
100,802
155,029
156,584
143,606
165,412
170,891
104,075
161,435
188,167
165,381
171.070
100,751
170,661
161,957
216.658
167.405
147,700
187.35m
172.81*.
178,139
245,733
222,72
172,330
253,20!
195,468
187,475
165,667
215,250
258,877
138,883
184,652
249,461
(384m.)..
Few York Susq. Sc West.—
(144 m.)..
1883
(144 m.)..
1884
< 144
1885
1886
1887
1883
1884
1885
1886
m.)..
<5:13
iwn
m
98,341
112,538
87,316
107,L?1
191,344
225,357
1 vi 6,2.81
217,334
210,208
220,416
221,780
290,304
322,470 i
..(1,535
(2,440
.(2,453
..(2,741
462,564
398,613
389,049
.
488,000
1«S?
ilississiuDi-
5U4.24U
j 571,421
025,. 26
(016 in.).. I
(616 m.).. 1
144,505
241,071
1884
1885
1886.
1887
| 300,301
■
386,372
341,591
305,75a
390,697
274,430
274,180
205,219
(616 tu.).. j
306,600
283,531
271,057
314,316
333,152
320.151
276,217
295,967
345,5o2
337,257
87,054
86,781
85,204
87,2(P107,770
88,152
82,070
00,222
89,189
97,017
100,696
97,841
118,967
84,057
106,283
138,604
132,276
126,882
1,549,620
■
447.236
311,0/8
288,064
270,108
1
300,294
300,690
257,135
282,202
510,705 1
534,011
51*5,825
!
208.035
261,201
308,119
335,43
206,162
207,9/4
28I,<99
220,946
1,823,568 23.888.705
1,570,385 20,363,320
1.872.887 10,559,054
1,985,140 23,002,507
1,372,678 1,413,667
3,627,257
3,246,713
3,449,464
240.428
507,6i.0! 5,400,022
457,800 5,474.616
'
1
1.249,358
856,181 110.140,050
758,220; 12,613,305
7 <5,371 11,349.699
1,299,006
809,665:12,829,552
1,116,379
1,224,955 1,522,285
2,328,893
2,358,682
2.134,527
2,400,771
103.327
1,276,022
1,194.714 1,307,222
1,236,560 1,461,511
470,443
353,709
334.313
378,100
278.830
283,076
31-2,004
<90,918
4,250,150
3,702.959
3,670,015
3,827,832
3,840,510
3,760,328
4.016,082
4,428,210
51,083,244
48,500,911
45,015,02?
50,370,068
.
276,033
301,061
354,880
365,603
367,7i7
357,152
344,6 9
393,261
325,654
322,602 *4U5,75(>!
,
'
,
(A II linos east
of Pittsbunr & Erie)—
4,303,006 4,15(5,871
4,267,173 3,906,174
3,890,460 3,735.638
1,178,580 4,336,101
4,410,433 4,342,834 t,s65,040 4,911,858
3.712.215
3,426,733
3,075,700
3,5 <0,475
3,851,771 3,988,788
4,189,3-80
4, <02,627
3,635,374
3,001,85 >
4.061,750
4.156,30‘*
3,704,800
3,802,617
47,093
57,354
55,532
60,487
61,457
59,710
69,742
68.175
58,081
62,55:
51,438
50,188
48,297
51,881
50,500
47,045
5L.267
56.523
63,114
74,826
56,921
62,126
(+1,081 to 2,036 m.).. 3.020,357
(+2,036 to 2,202 in.).. 3,574,233
{+2,202 to 2,250 in.).. 3,277,522
(t2,250 to 2^322 in.).. 3,421,536
1883
1884.
1885
1886
<+i>. AW
1 MW?
Peoria Dcrntur
m
1
<L Evansville—
1883
1884
1885.1880
49,622
64,500
61,275
54,021
<95A
IRK?*
m
70,630
I
59,701
57.248
78.882
Philadelphia & Reading—
<846 to 1.583 m.).. 1,608,775 1,453,862
.....(1,583 m.).. 2.105,801 2,002,342
(1,583 m.).. 1.846.366 1,794,645
2,055,584 1,940,242
<K1K m \
1,670,821 1,518,256
1883S
1884§
.....
188->4
18866
/Richmond Sc Danville—
(757 m.)..
1883
....(757 to 774 m.)..
1884
1885
1886
1883
...
1884
.1686
1886
95,591
71,028
70,311
89,017
66,873
88,021
50,767
60,026
78,527
50,148
43,092
45,728
39,481
41,003
30,649
37,308!
104,388
107,115
106,004
03,832
117,719
113,823
100.590
123.580
110,363
121,135
125,825
130.8,1
125,190
126,327
121,438
(100 to 206 m.)..
(206 to 274 m.)..
20.000
31.054
21,766
33,834
27.523
32.124
37,072
37,273
(274to 200 m.)..
34.574
27.557
35,083
33,016
42,308
49,537
45 837
40.683
55,483
56,807
30,437
32,713
57,334 ♦
131,093
125,120
113,051
95,742
138,752
102,276
(3 j5 m.)..
18h0
<355 ni.1
1HR7
Carolina—
11. Main Line—
1883
1884
1885
1886
(,105
m.;..
11. Brauelies—
(138 to 188 m.)..
<18.8
m
.:
Louis & Han Francisco—
(725 to 742 m.)..
188!)
0884
1885
'.Ht. Paul Minn.
1883
1884
1885
1886
J887*
'7£jnfon Pacific—
40,019
(877 to 1.013 m.)..
Sc Manitoba.—
|
302,780
275,313
386,480
Approximate figures.
462,1251
308,614
407,446
305,2171
450,250!
414,810
434,809
98.177
362,292
337,387
420.834
363,704
420,179
371.276
381,172
425,516
425,721
365,098
421,974
40,879
45,982
49,246
55,223
58,786
48,070
56,250
51,573
*53,600
71,411
64,276
80,080
98,206
96,753
95,477
91,972
82,021
84,558
74,029
85,161
35,023
30,880
31,682
28,210
49,205
37,870
41,327
37,547
64,840
286.508
305,370
! 1,737,35.3
1
36,637
35,617)
20,316'
27,503
24,052
25,039,
20,9*0
*37,400
137,766
137,362
126,776
131,313
146,777
175,860
365,307
61,3o0
122,. >80
121,908
140,806
131,306
144,753
132.681
156,023
125.521
133,707 *148,600
128,433
118
093!
lo9,6< 7 J 137,608
.
30,553
35,710
38,833
44.028
43,068
50,0*51
55,000
90,053
81,725
87,056
03,102
07,301
101.758
90,095
87,43"
105,629
108,052
101.431
!
1
57,048!
60,4101
74,477
73,575
66,501
353,884
427,533
262,217
330,003
352,403
352,260
443,063
289,156
547,741
1
740,113;
702,041!
576,011!
601,010
670,803:
Air. Adam#
808,100
783,444
54,006
356.809
3:3,- 07
354,809
413,776
688,321
605,550
610,594
147.046
122,715
lls.443
171,266
176,167
167,505
152,039
164,614
115,614
123,276
120,513
1,686,193
1,590,098
1,553.509
1,505,330
46,241
42.870
47,806
60,366
44,006
41,513
46,771
52,757
36,132
38,630
33,784
382,037
44.000
39.575
435,726
417,990
48,2.7
42,105
535,965
141,703!
141,408
137.25"
131,564
132,762
131,522
104,557
114,861
117,5*38
136,249
05,168
112,9 0
1,484,069
1,323,026
113,732
1,278,345
82,046
75,509
86,377
88,773
74,061
60,854
69,735
80,440
74,108
61,453
72,2-4
88,602
832,408
403,640
352,617
372,542
504,041
3.896,505
4.043,596
4,383,406
4,874,627
63,400
41,846
88.737
73,410
185.205
170,26"
173,356
48.794
46,821
40,189
*55,500
13",501
137,087
37,210
142,427
120.405
1: 6,170
113,867
129,071
.
113,230
123,380
127,236
80,732
62,101!
75,300
78,605
52,817!
67.183
68,345
81.601
’
282,066
365,873
330,377
270,101
359,111
376,396
433,428
383,082
462,043
304,805
370,160
512,758
477,864
395,462
306,057!
466,824!
419,4(571
40 >,267j
460,048
470,565
519,404
459,748
457,584
519,056!
577,384!
|
623,727 i
605,156
632,148!
571,762!
525,000'
627,76 (I
684,034
47,5341
53,270
03,270.
55,560
44,596.
|
728,207
621,167
480,542
714,060,
712,165'
511,615
550,387i
616.75'i
433,462
470,604
613,080
571.520
621,344
1,260,712
741.150
700,316
803,991
1
315,024' 368,44)1
815,945
780,562
712,408
5b0,510
05,570
83,307
7)-.734
51,893
j
I
754,473 941,266
73",587 1,014,8621
847,00.)!
700,382
8,389,005
870,440
747.578)1,004,780
810,700
050,0571
850,601
819,430
686,851'
700,161
7,521,138
7,427,339
810,514
8,314,107
.
2,625,880 2,322,393 28,716,141
2,414,238 2,310,5"6 25,657,290
2.4/9,270: 2,34".487 25,925,171
2,351,431 2,343,543 20,6U3,797
3,18",27~ 2,500.828 2,410,372
1
of the Coal & Iron CorcOhio from and after May, 1883.
§ Including Central of N. J. from June 1, 1883. to Nov. 30, 1886 ; the earnings
/ Includes 68 per cent of earnings of N. V. Pennsylvania &
assuming 'office.
on
737,896
775,52?
70,15"'
86,247
98,011*
71,714
58,267
60,007
72,006
44.8011
i
636,*557
828,900
88,162
76,010
68.050
51,130
44,057
!
367,863
359,062
77,913
83,006
76,349
67,304
.
101,731
104,,847
78,031
100,156
23,261
29,629
35,16/
60,014!
55,41(5
47,706
.*175,014 2.571.305 2.342.15:
+ And 66 miles of canal,
721,255
750,70?
730,086
814,747
*
58,1*7071,434
55,090
4l,2<8
(
not included in any of the years.
'* Afte«- deduct tup ?444 386 charged off by
Includes 8t. Louis & Cairo.
95,745
86,534
40,327
317,504
203,147
322,061
331,088
*368,000
2,477,402 2,881,63912,948,050
m.).. 1,016,854 1,673,224 2,391,758 2.36.3/277 2.351,013 2.273,598 2,401,035
1,065.497. 2.116.520 2,090.898 t1739453 2,375,890 2,417,710 2,486,827 2.649,214
m.).. l,53i,n94! 1,540,754
'
1 055.30(5 2,304,000 2,331,136 2,518,122 2,768,627
ill.).. 1,674,949 ,563,040 1,075.51711.087.101 2,067,52" 2.263.821
2,442,05" 2,587,731 2,517,703, 2,755,154
m.). 1,428,029 1.635,1411 1,054,208 2.113 44*' 2,211,448
I
.....i
ni.).
61,105
57,055
62,343
77,055
1,824,657
266,294
269,8:)4
296,561
i
322,805
300,822
285,5-14
307,035
405,530j
r
74,227
68,058
220,411
313.750
(1,475 m.)..
(1,475 to 1,633 in.)..
.(1.633 to 2,112 m.)..
104.012
80,951
61,187
403,148
452,570
rsanv are
26,167
1
63.566
66,878
73,038
71,802
65,525
58,262
58,181
73,024
.(1,250 to 1,324 m.)..
(1,327 to 1,471 m.)..
.(3,942 to 4,256
.(4.256 to 4.476
(4,476 to 4,510
(4,510 to 4,504
<4,504
-
00, ;oo
03,675
110, SlU
102,990
280,000
134,764
128,766
132,157
114,413
07,20?
313,820
122.041
103,720
20,212
33,805
320,707
68,232
75,578
07.005
105,813
04,007
IKK?*
1886
1687*..
•
132,003
(105 m.)..
1884
1885
1886
1887*
.
31,755
28,148
30,974
71,077
56,646
72,343
53,714
44,383
...
!St. L. Alton Sc T
46,785
38,299
42,745
44,480
50,834
68,576
Virginia Midland—
1883
1884
1884
1885
1886
1887
L. Alt. &T.
44,094
82,160
76,365
(204 m.)..
WMteru North
1883
47,961
48,241
46,286
47,877
52,828
53,,862
54,089
1883
1884
1886
1886
1887
334,640 8,845,152
30t.,710 3,873,724
348,132 3,071,029
340,148 4,000,225
250,923
272,27?
70,618
65,376
1
2,297,643 30,300,199
2,315,563 30,972,161
2,592,520 20,230,543
1,576,714 20,511,589
251,819
52,954
54,816
m
3,654,916
2,554,133
2,666.450
3,001,5.22
..
■
84.043
(.373
3,538.033 3,333,217 3,531.436
3,299,015 2,876,451 2,040,541
2,940,750 2.800.388 2,878,370
2,808,269 2,920,616 3,011,482
*06 433
272,282
94,109
82,031
81,09 5
84,912
79,630
Columbia Sc Greenville—
61,835
57,130
64,262
64,130
73,659
74,60*5
70,157
90,48 L
78.384
81,262
81,015
90,778
*70,411
47,549
54,783
53,700
73,343
258,691
267,409
317,181
301,007
80.404
63*508
66,845
60,522
67,019
80,603
.
297,287
209,329
292.U77
281,114
300,296
352,414
356,120
360,562
302,514
364,378
(308 to 337 m.)..
(337 to 373 m.)..
(373m.)..
(373 m.).
4,473,479
8,050,937
3,071,5)9
4,347,218
2,979,094
2,767,702
2,641,852
2,763,266
329,248
333,755
309,890
346,513
363,461
Charlotte Col. Sc Augusta—
4,130.950 4.775,380 4,634,908 4,875,348
4 458,871 4,447,547
3,685,105 3,956,306 *,2 76,628! 4,350,174
4.366,677 4,585,300 4,674,052 4,737,351
4,654,370
3,980,085 4,617,894
1,669.241 1,728.616 1,696,877 2,810,489
2,188.144 2.855,673 2,827,942 2,14",764
1.919,502 2.343,073 2.377,424 2,428,204
2.296,118 2,177,072 2 409,440 2,532,364
1,750,58 * 1,751,844 1,778,081 1,775,012
250,757
266,889
325,653
278,527
328,620
’1887
a
288,405
285,081 i
334,712 i
i
472,944
Pennsylvania—
1883
1864
1885
1886
1887
331,210
319,225
2"4,637
07,344
536,336
307.119;
310,370
312,756
275,480
381,180
476,811
504,754
829,657 850,223; 1,043,624
1,143,123 1,022,41)8! 1,032,602
1,012,507 1,000,01 P 971,280
1.077.35*9 1,100,02(5 1,226,3.:8
1,149,102 !.2u2.5i(>!*l250i()0
660.412
316,882
306,476
440,401
390,737
510,427
451,370
502,027
477,510
411,723
351.611
330.065
.287,201
270,010
267,374
3:4,2 '0
41(5,219
432,536
554,4u4
281,638
94,846
416,635
228.126
102,865
223,311
105,828
101,353
477,848
454,017
102,827
235,701
513,560 | 405,6 70
!
218,100
182,116
224,487
272,481
321,814
202,436
454,740
450,010
411.307
123,336
147.935
219,188 961,711
228,408
185,824
210,476 250,106
256,280 287,407
331,704 *3j1,U01
203,610
183,860
191,767
205,663
100,006
211,522
206.484,
267,550,
322,601 i
1
303,035
273,702
260,305
303,314
313,6:0
789,04*5
978,956 1,441.514 1,2 "7,805
877,665 1 5)01,100
691,612
083,731
858.116
003,4,84
l,0451,218
231,023
267,879
302,145
00,331
563,903
520.085
503,064
4'■0,330
343,92/
460,147 1
514,022 |
430,06!
014.103'
553,582
314.504
4 "3,360 i
358,085' 328,158
to 2,365 m.).. |
to 2,453 m.)..
to 2,601 in.).. |1
to 2,802m.)..
262,102
277,307 1
1
Nni'tlioi’ii l*nf'ifir.—
188;)
1884
1885
1886
8a.179
400.846
401.216;
100,123
514,047
i
1 OM7
74.882
213,020
220,255
218,007
270,305
1
1886
82,278
200.487
(323 m.)..
ism
78,511
70,665
81,650
84,500
(428 to 502
(502 m.)..
(502 m.)..
(511 to 533 m.)..
Northern Central¬
76,974
71,704
91,098
a8,107
m.).’
....
66,697
64,140
68,505
252,603
64.055
(144 m.)..
Norfolk Sc West.
275,801
275,507
226,096
270,924
312,080
206,311
259,471
263,034
320,832
358,302
237,711
245,681
243,047
230,420
266,934
208,771
<384 m.)..
(384 m.j..
(384 m.)..
1883
1884
1886
1886
r 1887
(Ohio A
1883
174.919
108.785
i,055,988
1,615,364
1,315,413 1,371,624 1,568,523 1.460,011 1,481,614
(1,622 m.).. 1.531.604 1,551.486 1,793,221 1,741,35- 1,051,877
(1.622 m.).. 1.705,070 1,761,182 1,9*6,403 1,86 \12 2,008,055
1887.'.
Few York Sc New Euglaud-
Total.
•
118,806
150,004
131,331
147,420
153,047
151,060
Sc West.(1.060 to 1.620 m.).. 1,524,869 1,283,616 1,696,969 1,548,47/
(1,622 m ).. 1,567,211 1,496,394 1,495,54 l 1,727,43/
Few York Lake Erie
•
Pec.
.
•Mobile Sc Ohio—
t
Nov.
Oct.
Hepi.
$
98,249
99,208
148,605
248,140
83,450
133,428
122,562
m.)..
Aug.
Juiy.
line.
t
$
03,297
05,634
08,438
*
$
70,8511
74,200
07.079
*142,885 *158.554
l
m
J
March. April.
*
100,585
06,031
90,583
1C0.357
134,221
108,480
100,771
248.44*
251,450
236,132
109,032
140,138
247,794 *232,263 ‘*206,068 *344,439 *326,211 *350,627
73.214
(551 to 573 m.)..
PRINCIPAL RAILROADS—(Concluded).
$
63,435
78,368
72,179
100,532
$
61,028
MilwRl,nke H. A Went.—
(326 to 374 m.)..
L883
(385 to 480 m.)..
1884
(486
to 551 m.)..
1886
[Vol. XLV.
INDEX.
'September. 185?.
INDEX
i.
With the
changes which
TO
NAMES
OF
113
RAILROADS.
constantly taking place in the titles of various railroad companies by reason of
difficulty may be experienced iu looking up the name of a
former company in the tables of the Supplement. To obviate this difficulty, and to facilitate reference to any name, whether
new or old, the following index has been prepared :
numerous
are
foreclosures, consolidations, &c., it frequently occurs that much
,664
,316
,y?7
,802
FORMER NAME.
,602
,027
,752
,620
,642
,412
,051
,038
WILL NOW
BD FOUND UNDER—
Alabama Central.
East Tenn. Virginia A
Allegany Central
Lackawanna A Pittsburg.
Georgia.
American Dock A Improvem’t Co.. .Central of New Jersey.
Androscoggin A Kennebec
Maine Central.
Atchison & Nebraska
Chicago Burlington A Quincy.
Atchison A Pike’s Peak
Uuion Pacific, Central Branch.
Atlantic A Great Western
New York Pennsylvania A Ohio.
Atlantic & Gulf
Savannah Florida A Western.
Atlantic Mississippi A Ohio
Norfolk A Western.
....
,893
,682
,527
,771
,705
,320
,054
,507
.257
,713
,464
i,2?6
Augusta A Knoxvilie
Port Royal A Augusta.
Baltimore Short-Line.
Bay City & Saginaw
BeUefontaine A Indiana
Belleville ACaroudelet
Beloit & Madison
Cincinnati Wash. A Baltimore.
Flint A Pere Marquette.
Cape May A Millville
Cedar Rapids & Clinton
Cedar Rapids Iowa Falls A N. W
Cenar Rapids A Mis-ouri River
>,050
<,305
>.699
>,552
>,150
4,959
>.615
r,S32
1,244
5,011
),02?
>,068
1,255
>,707
[5,086
1.747
0,109
2,101
3,543
1,589
5,152
3,724
1,629
0,225
8,900
5,5'?7
8,100
13,444
7,896
8,321
5,560
0,594
6,193
0,098
3,509
5,330
2,037
5,728
7,990
Central Vermont
Charleston A Savannah
Chic. St. Paul A Minn
—
.Consolidated Vermont.
Savannah A Charleston.
C. M. A St. Paul.
.Burlington Cedar Rapids A N.
Chicago S>. Louis A Pittsburg.
Chicago A Alton.
Chicago A Northwestern.
Chic. St. Paul Minn. A Omaha.
Chicago Rock Island A Pacific.
Illinois Central.
Cincinnati Wash. A Baltimore.
(fin. Indianapolis St. Louis A Chic.
Chicago A No. West.
Chic. A East Illinois.
Chicago A East. Illinois.
Chicago Milwaukee A St. Paul.
Dayton Foil Wayne A C hicago.
Wabash St. Louis A Pacific.
Union Pacine.
Chicago A No. West.
Eel River.
Duluili South Shore A Atlantic.
Detroit Grand Haven A Milwaukee
Luke Shore A Michigan Southern.
Detroit Grand Haven A Milwaukee
Chicago Burlington A Quincy.
Chicago Milwaukee'dfc St. Paul.
..St. Paul A Duluth.
5,905
4,069
3,028
0,712
8,345
2,468
1,150
6,310
3,901
6,505
3,500
3,400
4,627
9,003
4,197
1,138
7,339
6,141
7,290
5,171
3,797
Cora1883.
Chicago Milwaukee A St. Paul.
Flint A Holly
Flint A Pere Marquette.
Florence El Dorado A W
..Atchison Topeka A Santa Fe.
Florida Central
Florida Railway A Navigation Co.
Fort Smith A Van Buren Bridge
St. Louis A Sau Francisco.
Fremont Elkiiorn A Missouri Val. ..Chicago A Northwestern.
*
Galena A Chicago Union
Chicago A Northwest.
Grand Rapids Newaygo A L. Shore..
Chicago A West Michigan.
GrauciRiver Valley
Michigan Central.
Greenville A Columbia
Wabash St. Louis A Pacific.
Green Bay Winona A St. Paul.
Columbia A Greenville.
Great Western (IU.)
Green Bay A Minnesota
Hannibal A Central Missouri
Hannibal A Naples
Harlem A Port Chester
Hastings A Dakota
Henderson Bridge Co
Holly Wayne A Monroe
Holyoke
A Westfield
Houston A Great Northern
Hudson A River Falls
Illinois Grand Trunk
Illinois Midland
Missouri Kansas A Texas.
Wabash St. Louis A Pacific.
New York New Haven A Hartford.
Chicago Milwaukee
A St. Paul.
Louisville A Nasnville.
Flint A Pere Marquette.
New Haven A Northampton.
Missouri Kansas A Texas.
Chic. St*. Paul Minneap. A Omaha.
Chicago Burlington A Quincy.
Terre Haute a Peoria.
Illinois A Southern Iowa
Wabash St. Louis A Pacific.
Indiana A Illinois Central
Indianapolis Decatur A Springfield.
Indianapolis Bloom. A West. Exten..Champaign Havana A Western.
Lansing A Northern.
Burlington Cedar Rapids A North’ll.
Chicago Milwaukee A St. Paul.
Chicago A Northwest.
Chicago Milwaukee A St. Paul.
Jackson Lansing A Saginaw...
James River Valley
Jamestown A Franklin
Joliet A Chicago
Northern Pacific.
Missouri Kansas A Texas.
Detroit
Chicago Rock Islam! A Pacific.
Michigan Central.
Lake Shore A
Michigan Southern
Chicago A Alton.
Lake Erie Wabash A St. Louis
Leavenworth Atchison A N’west
Leavenworth Lawrence A Galv
Leeds A Farmington
Lehigh A Wilkesbarre Coal Co
Wabash St. Louis A Pacific.
Missouri Pacific.
Kansas City Lawrence A Southern
Maine Central.
Central of New Jersey.
Missouri Pacific.
Lexington A Southern
Lincoln A Northwestern
Chicago Burlington A Quincy.
Long Dock Company
Louisiana
Louisville
Louisville
Lowell A
New York Lake Erie A Western.
River
Chicago A Alton.
Cincinnati A Lexington..Louisville A Nashville.
N. Albany «x St. Louis
Louisville Evansville A St. Louis.
Lawrence
Boston A Lowell
A Missouri
Lynchburg A Danville
Virginia Midland.
JTIacon A Augusta
Macon A Western...
Manchester A Keene
Marietta A Cincinnati
Marietta Pittsburg A Cleve
Massachusetts Central
Georgia RR. A Banking Co.
Central Railroad A Bank. Co., Gm.
Boston A Lowell.
Cincinnati Wash. A Baltimore,
Cleveland A Marietta.
Central Massachusetts.
Connecticut A Passumpsic.
Louisville A Nashville.
Massawippi
Memphis A Ohio
Menominee River
Chicago A Northwest.
Manhattan Elevated.
Michigan Central.
Lake Shore, A Michigan Southern.
Metropolitan Elevated
Michigan Air-Line
Michigan So. A North’ll Indiana
Middlesex Central.
Milwaukee A Madison
Milwaukee A Western
Minnesota Central
Minnesota Valley
Boston A Lowell.
Chicago A Nonhwestern.
Chicago Milwaukee A St. Paul.
Chicago Milwaukee A St. Paul
Chicago A Northwest.
Missisquoi
Consoliilat* d Vermont.
Mississippi Central
Chicago St. Louis A New Orb-ana.
Missouri River Fort Scott A Gulf ...Kansas City Fort Scott A Gulf.
Missouri River RR
Montclair
Montieello A Port Jervis
Missouri Pacific.
.New York A Greenwood Luke.
Port Jervis Montioello A N. Y.
Michigan Central.
East Tennessee A Georgia
East Tenn. Virginia A Georgia.
East Tenn- ssee A Virginia
East Tenn. Virginia A Georgia.
Easton A Amboy
Lehigh Valley.
Elizabeth City A Norfolk
Norfolk A Southern.
Escanaba A Lake Superior
Chicago A Northwestern.
Essex
Eastern (Mass.)
Evansville A Crawfordsville
Evansville A Terre Haute.
Evansville Henderson A Nashville..Louisville A Nashville.
Fargo A Southern
International A Great Northern
Ionia A Lansing
Iowa City A Western
Iowa A Dakota
Iowa Midland
Iowa A Minnesota
Iowa South. A Missouri North...
Lackawanna A Bloomsburg
Delaware Lackawanna A Western.
Lafayette Bloomington A Muneie.. .Lake Erie A Western.
& Santa Fe.
jersey.
Cincinnati A Baltimore
Cincinnati A Indiana
!
CiHcinuati Lafayette A Chicago
Cin. Indianapolis St. Louis A Chic.
Clayton A Theresa
Utica A Black River.
Cleveland Mt. Vernon A Delaware..Cleveland Akron A Columbus.
Cleveland Paiuesville A Ashtabula.. Lake Shore A
Michigan Southern.
Cleveland A ’Toledo
Lake Shore A Michigan Southern.
^Columbia A Augusta
c
Charlotte Columbia A Augusta.
Col. Chicago A Indiana Central
Chicago St Louis A Pittsburg.
Columbus A Indiana Central
Chicago Sr. Loui* A f ittsburg.
Columbus A Indianapolis Central.. .Chicago St. Louis a Pittsburg.
Columbus A Toledo
Col. Hocking Valley A Toledo.
Connecticut Western
Hartford A Connecticut Western.
Covington A Lexington
Kentucky Central.
Dakota Central
Danville A Grape Creek
Danville A Vincennes
Davenport A Northwest.
Dayton A Ironton
Decatur A East St. Louis
Denver Pacific
Des Moines A Minneapolis
Detroit A Bay City
Detroit A Eel River
Detroit M -ck.n c A Marquette
Detroit A Milwaukee
Detroit Monroe A Toledo
Detroit A Pontiac
Dixon Peoria A Hannibal
Dubuque Southwestern
Duiuth Short Line
Cin. Indianapolis St. Louis A Chic.
Jeffersonville Madison A Ind.
Burlington Cedar Rapids A N.
Burlington Cedar Rapids & N.
Chicago A Northwestern.
United New
:.
HE FOUND UNDER—
Cin. Indianapolis St. Louis A Chic.
Canadian Pacific.
West Jersey.
Missouri Pacific.
Missouri Pacific.
Central Pacific.
Atchison Topeka
Chicago Clinton Dubuqe A Minn
Chicago Decorah A Minn
Chicago A Great Eastern
Chicago A Illinois River
Chicago Iowa A Nebraska
Chicago A Michigan Lake Shore
Chicago A West Michigan.
Chicago A Milwaukee
Chicago A Northwest.
Chicago A Ohio River.
Chicago A Northwestern.
Chicago St. Louis A New Orleans.. .Illinois Central.
Chicago A Southwestern
Chicago A Springfield
Indianapolis Cin. A Lafayette
Indianapolis A Cincinnati
Indianapolis A Madison
Kalamazoo Allegan A Gr. Rapids ..Lake Shore A Michigan Southern
Kalamazoo A Schoolcraft
Lake Shore A Michigan Southern.
Kalamazoo A South Haven
Michigan Central.
Kalamazoo A White Pigeon
Lake Shore A Michigan Southern.
Kansas City A Cameron
Hannibal A St. Joseph.
Kiuisas City A Eastern
Missouri Pacific.
Kansas City Lawrence A So. Kans..At<liison Topeka A Santa Fe.
Kansas City St. Jos. A Council S
Chicago Burlington A Quincy.
Kansas City St. Louis A Chic
Chicago A Alton.
Kansas City A Southwestern
Sr Louis A San Francisco.
Kansas City Topeka A Western
Atchison Topeka A Santa Fe.
Kansas A Nebraska
St. Joseph A Grand Island.
Kansas Pacific
Union Pacific.
Knox\ ille A Ohio
East Tenuessee Virginia A Georgia.
Buffalo New* York A Philadelphia.
Chicago Burlington & Quincy.
Burlington A Missouri
1,775
,152
,121
!,058
.,878
1,022
1,010
Utica A Black River.
Old Colony.
New York A NewEngland.
Brunswick A W> stern.
Lake Shore & Michigan Southern.
Brunswick A Albany
Buffalo A Erie
Buffalo Pittsburg & Western..
,210
1,354
•,440
WILL NOW
Chicago A Northwest.
Black River A Morristown...
Boston Clin. Fitch. A New Bed
Boston Hartford A Erie
Cairo Arkansas A Texas
Cairo & Fulton
California A Oregon
California Southern
Camden A Amboy
Canada Central
1,681
Cleve. Columbus Cin. A Ind.
Sr. Louis Alton A Terre Haute.
FORMER NAME.
.Worcester^Nashua
Nashua A Rochester
A Rochester.
Newark A New York
.Central of New Jersey.
New Bedford Railroad
.Old Co'ony.
New Jersey Midland.
New York Susquehanna & Western.
New Jersey RR. A Transportat’u Co .United New Jersey RR. A Canal Co
New Mexico A So. Pacific
.Atchison Topeka A Santa Fe.
New Orleans Jackson A G. N
.Chicago St. Louis A New Orleans.
New Orleans A Mobile
Louisville A Nashville.
New Orleans Pacific
Texas A Pacific.
Newtown A Flushing
Long Island.
New York Elevated
Manhat tan Elevated.
New York A Manhattan Beach
N. Y. Brooklyn A Manhat. Beach Co
New York A Oswego Midland
New York Ontario A Western.
New York A Rockaway
Long Island.
Niles A New Lisbon
Cleveland A Mahoning Valley.
Norfolk A Petersburg
Norfolk A Western.
North Missouri
Wabash St. Louis A Pacific.
North Wisconsin
Chic. St. Paul Minn. A Omaha.
Northern Cro>s
Chicago Burlington A Qulnoy.
Northwestern North Carolina
Richmond A Danville.
Northwestern Union
Chicago A Northwest.
Northwestern Virginia
Baltimore A Ohio.
.
Oakland A Ottawa River
Ohio Central
Ohio A West Virginia
Oil City A Chicago
Oil Creek
Olean A Salamanca
Omaha A Southwestern
I
Orange A Alexandria
Ottawa Oswego A Fox River
Pacific of Missouri
Paducah A Elizabethtown
Paris A Decatur
Pekin Lincoln A Decatur
Peninsular (Mich.)
Peoria Pekin A Jacksonville
Pittsburg A State Line
Pittsburg Titusville A Buffalo
Pleasant Hill A De Soto
Port Huron A Lake Michigan
Portland A Kennebec
Port Royal
Prairie ilu Chien
Pueblo A Arkansas Valley
Detroit Gr. Haven A Milwaukee,
Toledo A Ohio Central.
Col. Hocking Valley A Toledo.
Buffalo New York A Philadelphia.
Bufia o New Yo k A
Buffalo New York A
i’hilaoelphia.
PJiiindclpliia.
Chicago Burlington A Quincy.
Virginia Midland.
Chicago Burlington A Quincy.
Missouri Pacific.
Chesapeake Ohio A Southwestern.
Terre Haute A Peoria.
Peoria Decatur A Evansville.
Chicago A Northwest.
Wabash St. Louis A Pacific.
Buff. Rochester A Pittsburg.
Buffalo New York A Philadelphia.
Atchison Topeka A Santa Fe.
Chicago A Lake Huron.
Maine Central..
Port Royal A Augusta
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.j)
SUPPLEMENT.
INVESTORS’
134
FORMER NAME.
.
Southern Georgia A Florida
Southern Kansas
Southern Minnesota
Hannibal & St. Joseph.
Wabash St. Louis & Pacific.
Chicago Burlington & Quincy.
Republican Valley
Chicago Burlington A Quincy.
Rochester A Northern Minnesota ...Chicago & Northwest.
Rochester & Pittsburg
Buffalo Rochester & Pittsburg.
Detroit Lansing & Northern.
St. Joseph & Grand Island.
Saginaw A WTestern
St. Joseph & Denver City
fit. Joseph A Pacific
St. Joseph A Western
Sandusky A Cleveland
Cincinnati Sand. A Cleveland.
Sandusky City A Indiana
Cincinnati Sandusky A Cleveland.
8andusky Dayton A Cincinnati
Cincinnati Sandusky A Cleveland.
San Francisco Oakland A Alameda. Central Pacific.
fian Pablo A Tulare
Northern (California)
Savannah Albany A Gulf
Savannah Florida A Western.
Savannah A Charleston
Charleston A Savannah.
Schoolcraft A Three Rivers
Lake Shore A Michigan Southern.
Scioto A Hocking Valley
Cincinnati Wash. A Baltimore.
Sioux City & Dakota
Chicago Milwaukee A St. Paul.
Sioux City A Pacific
Chicago A Northwestern.
Sioux City A St. Paul
Chic. St. Paul Minn. A Ohama.
Smlthtown A Port Jefferson
Long Island.
South Pacific (Mo.)
;.8t. Louis A San Francisco.
South Side, (L. I.)
Brooklyn A Montauk.
South Side (Va.)
Norfolk A Western.
.
....
,
.Chicago Milwaukee A-St. Paul.
..Noithern Pacific.
.Consolidated Vermont.
Steubenville A Indiana
.Pittsburg C. A St. Louis.
Sunbury A Erie
.Philadelphia A Erie.
Taylor’s Falls A Lake Superior..
St. Paul A Duluth.
.Missouri Kansas A Texas.
.Evansville A Indianapolis.
..St. Louis Arkans is A i'oxas.
.Toledo Sr. Louis A Kansas City.
.Toledo St. Louis A Kansas City.
.Wabash St. Louis A Pacific.
.Wabash A West rn.
.Wabash St. Louis A Pacific.
Northern Central.
Chic. St. Louis A Pittsburg.
Buffalo New York A Philadelphia
Utah Central.
Consolidated Vermont.
Consolidated Vermont.
Cincinnati tndianap. St. L. A Cliio.
Chesapeake A Ohio.
Norfolk A Western.
....Houston A Texas Central.
Waco A Northwestern
Wallkill Valley
! Washington City Va. Mid. A Gt
i West Chester A Philadelphia
! West Wisconsin
i
..Chicago St. Louis A Pittsburg.
Union
i Vernon Greensburg A Rushville
1 Virginia Central
! Virginia A Tennessee
i
;
Union A Logansport
Union A Titusville
Utah Southern
Vermont A Canada
; Vermont Central
■
.Savannah Florida A Western.
Atckison Topeka A Sauta Fe.
Spokane A Palouse
Stanstead S. A Chambly.
Tebo A Neosho
Terre Haute A Southeastern
Te*as A St. Louis
:
Toledo Cincinnati A St. Louis
Toledo Delphos A Burlington....
Toledo A Illinois
Toledo Logansport A Burlington.
Toledo Peoria A Warsaw...
Toledo A Wabash
St. Joseph A Grand Island.
St. Joseph A Grand Island.
St. Louis lion Mount’ll A Southern.Missouri Pacific.
fit. Louis Jacksonville A Chicago
Chicago A Alton.
fit. Louis Kansas A Arizona
Missouri Pacific.
St. Louis Kansas City A Northern...Wrabash A Western.
fit. Louis A Lexington
Missouri Pacific.
fit. Louis Rock Island AC
Chicago Burlington A Quincy.
St. Louis A Southeastern
Louisville A Nashville.
fit. Louis Wiohita A Western
Sr. Louis A San Francisco.
St. Paul A Chicago
Chicago Milwaukee A St. Paul.
Milwaukee Lake Sli. A Western.
8t. Paul A Eastern Grank Trunk
fit. Paul A Pacific
St. Paul Minneapolis A Manitoba
fit. Paul A Sioux City
Chic. St. Paul Minn. A Omaha.
fit. Paul Stillwater A T. F
J
Chic. St. Paul Minn. A Omaha.
Pot-ton A Lowell.
Salem A Lowell
WILL NOW BE FOUI'D UNDER—
FORMER NAME.
WILL NOW BE FOUND UNDER—
Chicago Burlington A Quincy.
Quincy Alton & St. Louis
Quincy A Palmyra
Quincy A Toledo
Quincy A Warsaw
(Vol. XLY.
Western Minnesota.
Western Pacific
Western Union Railroad
Wichita A Southwestern
Winona A St. Peter
Wisconsin Minneapolis A
Wisconsin Valley
Lehigh A Hudson River.
So.. Virginia Midland
Philadelphia A Baltimore Central
Chic. St. Paul Minneap. A Omaha
St. Paul A Northern Pacific.
Central Paci'ic.
Chicago Milwaukee A St. Paul.
Atchison Topeka A Santa Fe.
Pacific
Chicago A Northwest.
Minneapolis A st. Louis.
Chicago Milwaukee A St. Paul.
ALEXANDER BARING.
H. 0. NORTHCOTE.
J. KENNEDY TOD.
Member N. Y. Stock Eiohaage.
KENNEDY
J.
rsro.
WILLIAM
63
&
TOD
CO.,
STREET,
BANKERS.
Act as Agents for Banks, Bankers and Railroad Companies
Issue commercial credits, also foreign and domestic travelers* letters of credit in pounds
OFI'LU INVESTMENT SECURITIES.
sterling and dollars.
-
•
Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets.
Collect dividends, coupons and foreign and inland Drafts. {Sell Bills of Exchange on
Melville, Evans k Co., C. J. llambro k Son, LONDON ; II. Oyens k Son, AMSTERDAM; Hottinguer k Co., PARIS.
BROWN BROTHERS & CO.,
WALL STREET, NEW YORK.
59
66
Chestnut Street, Philadelphia.
209
State
Street, Boston.
AND
LEX A IV X>
A
IS R O
E R
W TV
SONS,
A
Streets, Baltimore.
Cor. Baltimore and Calvert
BUY AND SELL BILLS OF EXCHANGE
ON
Great I3rit»in and Ireland, France,
Germany, Belgium, Switzer¬
land, Holland, Norway, Denmark, Sweden and Australia.
COMMERCIAL
ISSUE
IN
AND
TRAVELERS’
STERLING,
AVAILABLE IN ANr PART OF THE WORLD, AND IN FRANCS,
Make
Drawn Abroad
on
all
Points
their
in
tlie
United
United States
Condon
States
on
and Canada, and
CILVrEL
STREET,
BHOWN, SHIPLEY & CO.,
GEO.
10 &
K.
COURT,
FOUNDER'S
LIVERPOOL.
BA ERIE G
I S ‘2 O
IN
HOUSE
18 BROAD STltHUT,
United States,
portion of your business is respectfully
solicited.
SONS,
NEW YORK.
each month.
For parties keeping regular deposit accounts with us we collect and ci edit
Ku
in this
city, without charge
make careful inquiries and give the best infoimation we can
financial interest to tliem ; and in general serve their interests in any way
which we v*an be of ubc
All deposits are subject to Check at Sight without notice.
Oue of our fiim is a membe. of the New York Stock Exchange, and we give particular attention
A
LONDON.
OF
SISTARE’S
sale, on Commission, of Bonds and Stocks.
LOTIIBURY,
.
We transact a General Banking business and deal in first-class investment securities.
Government, State, County, City and Miscellaneous Bonds.
We allow interest on daily balances at the rate of 3 per cent per annum, and render accounts
or
Drafts Drawn in the
House, Messrs. BROWN. SHII'LEV A CO., receive accounts of American
Banks, Firms and Individiials upon Favorable Terms.
E S T A B U I S 11 El)
the purchase
of
Foreign Countries.
BROWN, SHIPLEY & 00.,
2G
DRAFTS
OF
COLLECTIONS
,
No.
FOR USE IN MARTINIQUE AND GPADALOUPE
Telegraphic Transfers of Money Between this Country and Europe.
MAKE
And
CREDITS
current and credit interest on the last day of
ilroad and ot her ( on pi ns and dividends payable
obtain respecting investments or other matters of
to iheni in our line of business.
to orders by mail, telegraph or m person,
**»*?•>
GEO. K. SISTARE’S SONS.
for
@FedFRASER