Full text of Commercial and Financial Chronicle : September 25, 1915 : Electric Railway Section, Vol. 101, No. 2622

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IC RAILWAY
SECTION
OMMERCIALTTINANCIAL

HRONICLE.

Copyrighted in 1915 according to Act of Congress, by WILLIAM
B.DANA COMPANY,in office of Librarian of Congress,

Vol. 101.
LI-CTRIC

NEW YORK, SEPTEMBER 25, 1915.
AY SECTION.

Washington, D.0.

No. 2622.

EXPLANATIONS OF TERMS AND ABBREV
IATIONS
USED.
The following is an explanation of the terms and
abbreviations used on succeeding pages in the presentation
of the
statements of the different companies:

The Electric Railway Section. Issued three times a year, In January.
May and September. is furnished without extra charge to every annual subscriber of the Commercial and Financial Chronicle.
The Railway and industrial Section, issued three times a year on the
last Saturday of February, June and October. is also furnished without extra
charge to every Chronicle subscriber.
"STOCK AND BONDS."—Under these words are
shown—
The Railway Earnings Section, issued monthly, containing the
sworn
"Stock."—The amount of stock authorivd immediate
returns of earnings and expenses filed each month with the
ly follows the word
Inter-State "stock," and against this is the
par value of single shares. For example,
Commerce Commission, is likewise furnished without extra charge
to every "Stock, $200,000 ($100)
annual Chronicle subscriber.
," means stock, total issue authorized by charter
or
Act
by
of
Legislatur
e,
$200,000,
divided into shares of $100 each; "f. p."
The State and City Section, issued semi-annually on the last
Saturday following the amount given as outstandi
of May and November, is also furnished without extra charge
ng means "full paid."
to every
subscriber of the Chronicle.
"Pref." means "preferred stock." "Prof. 6% cum."
means preferred
stock
entitled
to
dividends
The Bank and Quotation Section, issued monthly, is also
of 6% per annum, such dividends if not paid.
furnished accumulat
without extra charge to every subscriber of the Chronicle.
ing, all dividends due and unpaid to be paid in full for
each and
The Bankers' Convention Section, issued yearly, giving the detailed every year before the common stock receives anything. "Pref. 6% nonProceedings of the annual convention of the American Bankers' Associa- com." means simply that the stock is entitled to 6% per annum if earned,
but that if unearned in any year the dividend for that year
tion, is likewise furnished without extra charge to Chronicle subscriber
will not be paid
s.
Terms for the Chronicle, including the six Supplements above named, subsequently. "Div." means dividend. The last dividend paid is shown
under the column headed "Maturily."
are Ten Dollars per annum within the United States, Thirteen
Dollars
(which includes postage) In Europe, and $11 50 in Canada.
"Bonds."—"Mort.," ''mtge." or "M." means mortgage.
"Consol." or
Fibo covers for the Chronicle are sold at 60 cents each (which includes "con. M."
means consolidated mortgage. "Gen. M." means
general
postage). File covers for Supplements can be had at same price.
mortgage. "Ref. M." means refunding mortgage.
"Coll. tr." means
CHICAGO OFFICE.-39 South La Salle St.
collateral trust. The amount next following is
the total authorized
amount that can be issued under the mortgage.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.0.
The denominations in
which the bonds are issued usually follow in
parentheses. The word
"gold" is usually spelled out, but in some instances
WILLIAM B. DANA COMPANY, Publishers,
is contracted to "g,"
while "cur." means currency.
Front, Pine and Depeyster Streets, New York.
"Cony." means convertible into stock. "S. f." means
oinking fund.
"c." means coupon; "c5"means coupon but may be registered
as to principal; "r" means fully registered (no coupons); "r*" means
registered, convertible into coupon bonds; "c*&r*" means registerable in either
form and
convertible from registered to coupon or the reverse; and
"c*&r" means
that registered certificates without coupons as well as coupon
bonds are
outstanding. The letters "p.m." mean per mile, so $15,000
p.m. means
that the issue of bonds is restricted to $15,000 for each mile
of track.
"Guar." means guaranteed, and "guar. p. & I. (encl.)" means
guaranteed
as to principal and interest, the guaranty being endorsed on each
bond.
"Red." means redeemable. "Trus." or "tr." means trustee
of the mortgage.
TAX-EXEMPTION.—Where there Is a provision in bond
or mortgage
which would seem to make the interest free from the Federal
income tax,
we indicate the fact in black-faced letters—tf, meaning apparentl
y tax-free;
where there is no such covenant we insert the letters ntf,
meaning apparently not tax-free. Where we have no knowledge other
LIST OF MAPS.
Page. company
than that the
has assumed or is paying the tax, we insert the letters cpt,
which
Aurora Elgin & Chicago RR. Co
25 means that company pays tax, at least for the present. Until the courts
have passed both upon the various features of the tax and
Bay State Street Ry. Co
the effect of
13 the several tax clauses In the bonds and mortgages
, it is impossible to give
Brooklyn Rapid Transit System
16 more definite information.
Detroit United Railway System
—The date of issue on the face of the bonds is indicated under
39 the"DATE."
word "Date."
Eastern Pennsylvania Railways Co
104 "INTEREST."—Under this heading is given the rate
per cent yearly
Georgia Railway & Power Co
6 of the interest payable on the bonds or (if guaranteed) of the dividend
payable on the stock; also the months when the interest or dividend
International Railway Co
is
20 payable; thus "6 J-J" means 6% per annum payable January
and July;
Lehigh Valley Transit Co. and Lehigh Valley Light &
correspondingly "F-A" is used to mean February and August;
"M-S"
means March and September, and so on; while "Q-J" means
Power Co
quarterly
4 beginning in January
and "Q-F" quarterly beginning in February. (The
New York Municipal Railway Corporation
17 day when the interest payment is due can generally be determined by
noticing when the loans mature,
day of the month there given being
New York State Railways
108 in most cases the same as for onethe
of the interest dates.) "S.-a." means
Pacific Gas & Electric Co
112 semi-annual.
"ROAD."—The word "track"
Pittsburgh Railways Co
in street railway parlance all
96 tracks, whether main line, siding,means
switch or second track. "Rails are
Public Service Corporation of New Jersey
girder"
80-.b.
means
that
each rail weighs 80 pounds to the yard. "k.w."
80 and 81
mean kilowatts and "h.p." means horsepower. "k.v.a." means kilo-voltThird Avenue Railway System
77 amperes. "P-A-Y-E cars" means pay-as-you-enter
or prepayment cars.
United Light & Railways Co
48 "Exts., add'ns and impts." mean extensions, additions and improvements. "Auth." means authority or authorized. "0th.inc." means
West Penn Traction Co. System
other
100 income. "Cal. year" means calendar year.

MAPS APPEARING IN THIS ISSUE.

For the purpose of showing in a graphic way the
location of their lines, a few of the more important
systems described in this issue of the "Electric Railway Section" are accompanied by maps. The
following furnishes a list of these maps, together with'
the pages on which they appear.




ELECTRIC

AILWAYS.

SECURITIES AND REPORTS

to be remembered that they are inter-dependent
ements. In using the series it is
This is one of our six Sections or Suppl
items of news the "Chronicle" contains from
fresh
the
with
and
er,
togeth
utilized
and remunerative lodgment for his money.
publications, complete only as a whole. If infor
a
safe
g
seekin
in
needs
he
n
matio
week to week, the investor will have all the
pages of the book.
g
closin
the
in
be found is given
A full Index showing where each railway will
contract with Adirondack Elec. Pow.Corp.
p. 1147, 1300; V.70. p. 77. Has
V. 69, p. 541, 909. Franchises in Troy
of Glens Falls for supply of power.
By. on Delaware Ave.(a short line
Capitol
the
of
that
and Albany, except
ey.
-Troll
CO.
expires Aug. 8 1951, are perpetual.
LIGHT
&
which
the outskirts of Albany),
NORTHERN OHIO TRAC.
ents with Albany Southern RR.,Schenin Nov. 1902 to the on
or
agreem
success
as
traffic
Ohio
in
Has
rp.
2698.
.-Inco
p.
79,
V.
ON
roads
ORGANIZATI
Valley By., by which cars of the first twoValley
having exchanged its securities for the comof ectady By. and Hudson
Northern Ohio Traction Co.,
ctady By. and Hudson
per terms in V. 75, p. 733. Shortestses
are run into Albany and cars of the Schene
mon and pref. stock of the latter
total franchi
of
in
1924;
expires
Akron)
Troy.
in
into
(that
run
ses
company's franchi
Consol. By. are
sure in 1904 and reorganized as
1906 acquired control of the Canton-Akronand
The Cohoes City By. was sold at foreclo
40% are perpetual. In
int.
$84,000 bonds; all of the stock
company's $2,500,000 consol. 55. prin
By. Co., with $120,000 stock and ed
Ry., and guarantees that owns
with the Central Trust Co. of
Wadsworth & Cohoes
deposit
Akron
of
are
stock
y
capital
compan
entire
new
the
Also
of
and bonds
V.83, 13. 435. 849.
ees its bonds prin. and int. Common stock New York as security for bonds of the Albany By. d a majority of the
Western Trac. Co. and guarant
acquire
1909.
Acquisition of !Judson Valley.-In Dec. 1906
ed its own stock
listed on N.Y. Stock Exchange in March
increase in auth. amount of pref. stock and bonds of the Hudson Valley Ry. Co. and increas
Shareholders Jan. 24 1914 sanctioned additio
V. 84. p. 52.
se
purcha
V.
&c.
the
98,
ons,
finance
to
extensi
ns,
,000
812.500
further
to
,000
85.000
from
Dec. 11 1914.
of
stock to $5,000,000 for financing
order
payits
the
1915, modifying
action of directors in providing for
The P. S. Commission in Aug.
service by Dec. 1;
in
p. 74. Stockholders approved
be
bonds.
to
co.'s
cars,
the
new
15
of
of
se
issues
purcha
ate
various
the
immedi
the
ordered
1916, the rein
ment of Federal income tax upon
Akron.
of
service
in
city
be
to
placed
the
of
cars,
g
t for•the lightin
the purchase of 10 additional
of others.
In Oct. 1912 made a 5-year contrac
tions, conveyed to city of Akron building of a number of cars now in use and the overhauling
On April 14 1914, after extended negotia
00. V. 101,
$200,0
and
00
n
$100,0
betwee
cost
stated,
00.
is
$348,0
for
it
impts. will,
These
s
certain Cuyahoga River water rights
Appeal
of
Court
Ohio
1834.
310,
by the
Compare V. 100, p.
For favorable decision handed down dismiss
ing the suit brought by the P. 616.
Interest. Outstanding. Last die...U.
Jan. 13 1915 affirming a previous ruling
STOCK AND BONDS- Date. 4 J-J
812,500,000 Jan '15, 2%
Cuyahoga Power Co., see V. 100. p. 309.
$100),312,500,000(par
Stock
456,000 May 1 1919
g M-N
ty.
44
Maturi
ding.
1901
.
goldl
Outstan
interest
00,
$456,0
Date.
Debentures.
cial Bank, Albany.
Commer
STOCK AND BONDSal
g
1
Nation
at
'15.
Int.
Sept
000
r_ntf
$9,000,
Q-M 15
)
(81,000
000 June 1 2004
2,620.
Stock, corn, $10.000.0004100)
44 g J-D
3,264,500 Oct.'15,14 Cons mtge, $6,500,000. geld 1904
Q-J
.
Pre,$5,000,000($100)6%cum 1899 5 g J-J
Central Trust Co., N. Y., Trustee
1919
I
at
July
00
Int.
3,000,0
c*tf
($1,000)
d to retire prior
reserve
is
Northern Ohio Trac, mort Interest at Central Trust Co., N.Y.,Trustee,
,000
$3.880
of
1904.
mtge.
consol.
the
of
-Of
rate
)c*_tf
fix
Bonds.
may
($1.000
rs
Directo
.000
call.
g.$3.000
or Citizens' Say. & Trust Co., Cleveland. liens. No sk.fd. and bonds are not subj. to at 44 Vo. The debs. may be
3,400,000 an 1 1933 int., but not exceeding 6%; present issue is
1903 4&5 g J-J
int. rate for the unexNorthern Ohio Traction & Int.
at Cit. Say. & Tr. Co., Cleve., Trustee. called on any int. date on 3 mos.' notice at "a 5%V.
),
($1,000
consol
1st
73, p. 1113.
Light
tables."
New York.
Bank,
Nat.
First
at
or
tf
____c*_
pired term as calculated in standard int.
gold, 87 500 000
1933
I
July
text
See
5g
AY.
RAILW
est mortgage, 1906
NY
ALBA
Ak Wads
OF
ITIES
SECUR
$500,000 guar ($1,000) __tf 1913 6 Q-1r
See text
. Outstanding. Maturity.
1,400,000
STOCK AND BONDS:- Date. 5Interest
00 Jan 1 1930
Northern Ohio Trac & Lt col Int.
and,
$128,0
Clevel
Co..
J-J
g
Trust
&
Sav.
at Cit.
Consol M ($500,000). goldl 1890 at Central Trust Co., New York.
trust mortgage, $1,500.000
c*_ntf Interest
Trustee, or First Nat. Bank. New York.
c tf
($1,000)
0 June 1 1947
($1.000)
text
496,00
See
J-D
g
0
5
500,00
1897
Q-J
6
00,
1915
$750,0
'
se.
General mortgage.
Northern Ohio Tr & Lt
tf Central Trust Co., New York, Trustee
at Citizens' Savings & Trust Co., Clevegold
cured gold bonds ($1,000, Int.
Y.
N
land, trusteo, and First Nat. Bk.,
tf
Leased Line Securities0 May 1 1919
$500 and $100)
after
350.00
date
M-N
div.
6
any
en
div.,
1889
and
1
110
at
T & RR,Trustee
Stock.-Pref. Is red., all or part,
and has full, voting power. Wat
ntf!Boston Safe Dep.& Tr. Co.,Boston
1st M int guar
150,000 May 1 1919.
April 1 1919. Is pref. as to div. and assets
J 1890 6 M-N
•
V. 97, P• 1116.
2d M.p & int guar- _ ntf'Metro
N. Y., Trustee.
Co..
the
on
V. 92, p. 956; V.95, p.48;
Trust
n
listed
polita
were
1899
of
55
n
Bonds.-The Northern Ohio Tractio
ge of 1897 was for $750,000, of which
Of the $7,500,000 Northern
The Albany By. general mortga
Philadelphia Stock Exchange in Oct. 1901.
the North
consolidation made reservation inoperative.
.. $3,000,000 are reserved to retirecoll.
$254.000 was reserved, but
Ohio Traction & Light consols
6s.;
tr.
under
ed
deposit
are
000
AY.
Ohio Traction bonds and $1,100,
mortgage
SECURITIES OF TROY CITY RAILW
ding; the rest 4s. The col, trust45
$1,000.000 are 5s, all outstan
Interest. Outstanding. Maturity.
Date.
000 Nor. Ohio Trac. & Lt. of 1933,
,000 Oct 1 1942
&
of 1913 is secured by deposit of $1,100,
32,000
Wads.
Akron
A-0
g
5
00
$200,0
1892
and
gold.1
5s of 1933
City 1st con M.
Trust Co.,N.Y.
$1,000,000 Canton-Akron consol.
c*Scr(Int. paid by Trustee, Central
annual installments, $100,000 yearly, on Troy
$2,000,000
West. 5s. These bonds mature insemi-an
& Cohoes, stock $50,000. dive.
1 1922.
Nov.
to
Troy
1916
1
include
Nov.
roads
nually
leased
00
under lease,
The Troy City
:
divs.
Nov. 1 1914 to 1916 and $100,0in inverse order of numbers. V. 97. p. 803.
815.000
,
stock,
Cohoes
&
gburg
under lease, 7%; Lansin
Subject to call at 101 and int,
$25,000 stock receives 7% yearly
assignment of the bonds deposited 7%.
The Waterford & Cohoes RR.
The bonds of 1915 are secured bymtge.
maThey
above.
-see
1913
of
trust
under (and subject to) the coll,1916 to 1920. Red. in whole or part on 30 under lease.
13C%• was paid May 11900; same rate
ture $100,000 annually July 1 redeem
DIVIDENDS.-First quer. div.,
% was paid. On
ed on or before July 1 1917, and at
1906
days' notice at 101 and int.,if
to and incl. July 1905. For year000
up
ed
continu
2010.
to $12,500,000 and divs.
p.
100,
was increased from $5,000,
1004 and int. thereafter. V.
Dec. 31 1906 stock (J-J
July 1 1907, 24% Jan. I 1908
paid
%
and
24
)
AY.
nnual
ED
RAILW
semi-a
made
incl. Jan. 1915.
CANTON-AKRON CONSOLIDAT
Maturity. and 2% each six months since to and
Date. Interest, Outstanding.
track, of which 89.50 miles owned,
STOOK AND BONDS-Operates 106.76 miles ,of
$1,110,000 Jan 1 1933
J-J
g
5
ROAD.
1906
gold.
000,
aer, Watervliet, Lansinghtwg,
$2,500,
Renssel
M
Cohoes
Consol
9
at Citizens Say.& Trust Co.,Cleveland, connecting Albany, Troy,
guar p & i by North Ohio Int.
ord, &c. Has 461 cars, including 15 snow-plows,
Trustee, or First Nat. Bank, New 1York.
Green Island, Waterf
gauge.
rd
Standa
Trac &Light($1.000)c*-tf
cars.
1922
service
Mar
1,150,000
M-S
and 13
g
5
rs
sweepe
1902
ge,
mortga
1st
-Akron
Canton
s ending June 30:
ia Tr.Co., N. Y.,Trustee
1913.
ANNUAL REPORT.-Year
82,000,000,g ($1.000)c*_tt Int. at Columb
4.
850,000 May 1 1920
5 g M-N
1914.191
1900
Canton-Massillon 1st mort Interes
Total not._...$1.124,689 $1,179,079
70
nd Trust Co., Trustee, or
$2,455,3
Clevela
at
t
.771
_$2,547
tf.
_
_
)
earn'gs
($1.000
g
641,204
Gross
$1,000,000,
Chgs. & taxes 711,326
49
1,520,6
35
at Guaranty Trust Co., New York.
1,672,3
500,000
565.000 Feb 1 1923 Oper. exp........ 875.436
934,721 Div. (4%) -- 500,000
5 g F-A
1903
,000
$1,000
P.
N
&
537,875
Can
3
Net
M
413,36
.
year
for
1st
, Trustee
244.358 Burp.
249,253
c*_ tf Int. at Am Ln. & Tr. Co., Boston
Other income_
gold 41,000)
1
1916
June
0
; V.-P..
100,00
J-D
Albany
g
6
Sims,
S.
1896
V.
-P.,0.
N.Y.;
00
Tus RR 1st M, 8100,0tf Int. at Cleve. Tr. Co., Cleve., 0.. Trustee.
OFFIOERS.-Pres.,L.F.Loree,
to V.-Pres., G. H.
to Pres.. W. B. Schofield; Asst.
($500) gold
See text
;
H.Williams; Asst.Aud..
49.000
W.
on,
J-J
Albany
5
F.
Athert
H.
____
Treas.,
tf
Elder;
H.
ge
W.
mortga
Lake V L & I
pledged Parker, N.Y.' Sec.&
consolidated bonds, $1,000,000 areto
And., Allen McCarty; Acting Gen.Mgr.,
Bonds.-Of the $2,500.000trust
retire Comp.,W.H. Davies, N.Y.; Gen.
$100,000 are reserved
Albany.-V. 83. p. 1381;
mtge..
office,
al
coll,
Princip
L.
.
&
Albany
T.
0.
,
N.
under
00 are reserved for eat. and impts. at Chas. F. Hewitt
100, p. 310, 1350, 1834; V. 101.
the Tuscarawas RR. es and 8290,0
p. 1628, V.84, p. 932, 1368, 1429; V.92, p. 131; V.
y, Boston, is also trustee. V. 91, reserve
d p. 616.
859' of cost. S. Reed Anthon
1st mtgs., $850,000 are
-Akron
Canton
.000
$2,000
the
Of
1765.
Neither issue is subject to call.
Rallway.-A trolley road,
to retire the Canton-Massillon bonds.
(1) Hudson Valley
may be called as a whole at 105 and
14 1901 as a consolidation of thecGlens
The Canton-New Philadelphia bonds
ORGANIZATION.-Incorp. Aug.
& I. bonds mature $2.000
L.
County Electri Ry..
View
Lake
The
notice.
'
months
int. on 3
& Fort Edward Street By., Warren
Hill
Street
Sandy
Fails
due.
falls
issue
whole
Street Ry., Greenwich & Schuylerville
annually to 1916. when
Stillwater & Mechanicville
1911 and dividends of 149' quer.
Ry., the capital stock
rn
a
Northe
Saratog
and
00.
Dividends.-Pref. stock was issued in were
n
Tractio
declara
n.391.
in 1906 by the
Saratoga
V.73,
begun
IV.,
y.
corn.
comnan
on
nds
new
the
Divide
in
paid.
stock
for
ged
ly
are regular
15 1906. of these roads being exchan
right of way.
installments of 4% from June
operates over co.'s tracks. 80% private
tion of 2%. payable in quer. was
) and all the bonds
again declared, payable in quer. in- Electric Express Co.
all the stock4200000
V. 82, p. 1213. In 1907 2% In 1908,
Rate then reduced Franchises are all perpetual. Owns
ga by this co.
31%.
Sarato
June,
n
i
d
operate
1907.
15
June
from
a
road
By.,
stallments
then 4200,000) of the North River
e4%. In 1909. Mar., 3j%. Rate1910,
converted into debentures in accorand declared Sept. ,C%; Dec.,
In 1906 part of the consol. 5s werent of the company's finances. V.82.
4%;Sept., 4%;Dec.,4%. In
again Increased, and declared June,
1914, 5%. In dance with a plan for the re-adjustme$2,500
and
1913
In
,
45
4%.
1912,
In
4000 preferred stock to provide
34%,
1911.
zed
24%. In
V. 82. p. 751.
p. 1040. In March 1906 authori
1X
the debenture "Be."'
1915, Mar.,1e1%;June,1j%;Sept..
Canton, Mas- for the convertible feature of
Akron,
h
nd
throug
. Outstanding. Maturity.
Clevela
Interest
from
s
extend
Date.
SPLANT.-Line
BOND
with
,
County
AND
awas
000
STOOK
Tuscar
in
33.000,
ville
to Uhrichs
sillon and New Philadelphia
See text
to Wadsworth (via Barberton) and to Common,$3,000,000, par $100
branches to Ravenna (via Kent),
miles Preferred ($2,500.000 (see(
236.77
d
operate
1
1915,
Jan.
On
on.
Massill
East Greenville from
text), 5% non-cumulative) 1901
2,222,000 July 1 1951
in Akron and Meyers Lake Park In Canton.
5 g J-J
of track. Owns Lakeside Park
50, 56, 70. First consolidated mortgage(
cturers' Nat. Bk., Troy.
coal land in Noble County, Rails, cars
(denomination{Interest at Manufa
Also owns 1,011 acres of girder;
and 7
340
000
s
;
$4.000,
operate
int. on any in. date
&
d-gauge
110
at
called
standar
be
c*tf(May
80 & 90-lb. T and 73 lb. Embraces electric-light systems of Akron and
$1,000 gold)
474,000 Jan 1 1951
5g
$700,000_ 1906
snow-plows and sweepers.
ing of three 757 h.p. water Deb "A" Income,$2,500,
00 Jan 1 1951
consist
2,500,0
plant
g
c
2
-electri
1906
hydro
000_
Has
ton.
Barber
Income.
"13"
Deb
ors.
generat
electric
turbines and 1,800 k.w.
Underlying Liens100,000 See text
J-J
727):
6
p.
100,
V.
in
1891
report
(1914
opt)1
(no
years
M
r
1st
calenda
REPORT.-For
Bal.. ()F S II & F E
Co., New York, Trustee.
Common
Preferred
Net (after Bond
31,000) gold_ _ _cjCentral Trust
Gross
past due
Calendar
Burp.
50.000
4500 and
6 J-J
Divid'ds. Dividends.
Int.
2d m mow gold-c 1893
do
Taxes).
Earns.
Year,000 ;159,394
nts' Nat. Bank, Glens Falls.
at
(5)3450
Mercha
Int.
,364
98
(6)8182
$606,8
656
$1,398,
1 1921
April
1914 .._ _$3.636,085
82.000
5
100,32
000
A-0
6
(5)450,
738
1901
5
ntf
(6)152,
3d M ($150.000)
do
1913 __- 3.284,532 1,264,878 561,81
May be called at 100.
past due.
Everett, Willoughby, 0.; V.-Ps., E. W.
47 500
A-0
6
OFFICERS.-Pres., H. A.
1893
ge_
Chas.
I
Mgr.,
mortga
Gen.
&
-P.
V.
first
, Akron;
ork. Trustee.
Still & Mech
Moore, Cleveland, and Will ChristyClevela
Bankers Trust Co., New
nd; Sec., 0. F. Moore, Akron:
past due.
Nutt.
202,500
6 A-0
Currie, Akron; Treas., J. R. Genera
consol mtge-1 1898
l offices, Akron.-V. 95,_p. 58, 481,
do
do
Co., Glens Falls, Trustee.
Trust
Falls
And.. 0. II. Lahr, Akron.
Glens
j
p.74.
98.
V.
.1116;
176.803.1025
for prior liens
$250,000
reside
set
is
00
$482,0
1901,
1473,1542; V.96, p. 355. 1365: V.97.n.
2168.
Bonds.-Of the $4,000,000 M.of
The deb.
ed as coll, for temporary loans.
388, 449; V. 100, p. 309, 727,2010,
Int. on the deb.
and $1,290,000 have been deposit
stock to Mar. 1 1917, incl.
"B" bonds are cony. into pre.cum.
No int. has been paid
ory.
obligat
nor
"A" and "B" bonds is neither
fell due July 11911, but
F. S. II. & F. E. 1st M.
ALBANY, N. Y.
& Mechanicon either class. The G.past
due. Both issues of Stillwater
road
was extended and is now
UNITED TRACTION.-A trolley
1 1913.
1552;
p.
V.
April
81,
Co.
due
Hudson
&
fell
re
bonds
Delawa
ville
The
by
Entire stock is owned
June 30 1914, gross. $907,387; net.
the Troy & Now England and the
REPORT.-For fiscal year ending
3.
V. 82, p. 160. The D. & H. also owns
Interest in the Schenectady By., the $350,425; other income, $3,342; taxes, $343,154; net income, $10,61
Plattsburgh Traction, and a half the
half.
other
northward along the Hudson
Troy
ys
owning
from
extends
line
New York State Railwa
ter,
-Main
Stillwa
ROAD.
cville.
30 1899 as a consolidation of the through the villages and towns of Waterford, Mechani Falls and CaldORGANIZATION.-Chartered Dec.
H111, Glens
the Watervliet Turnpike & RR. (char- Schuyle
Thomson, Fort Edward, Sandy
rville,
Albany Ry. (chartered in 1863).
V.
69.
See
31
1866).
red Jan.
tered in 1828) and the Troy City Ry.(charte




AKRON, OHIO.

SEPT., 1915.)

ELECTRIC RAILWAYS

well to Warrensburg. The Saratoga
which branches off the
main line at Mechanicville, provides aDivision,
from Troy to Round Lake,
Ballston Spa and Saratoga, with a branchline
from Saratoga Springs to Glens
Falls, via South Glens Falls, which branch
in June 1903.
There is also a branch line from Saratoga was completed
to Kaydeross Park on
Saratoga Lake and another from Thomson toSprings
Greenwich. Total first track,
119.33 miles; second track, 11.34 m.; sidings,
8.61 tn.; making a total of
139.28 miles of track. Rails, T,girder and grooved,
48 to 141 lbs. Standard gauge. Operates 74 passenger
8 freight cars, 9 service cars, 7
snow plows, 2 electric locomotives cars,
and
express
7
cars.
Company owns
Kaydeross Park, at Saratoga Lake; Ondawa Park. between
Greenwich
and Thomson.-V.89. p. 286.

3

gross income,$841,299; int. on funded debt. $530,895; other
int., rents, &c..
$102,283; dividends on pref., $99,593; surplus
for year, $108,528.
ROAD.-Operates 161.36 miles of railway, of which
140.61
miles owned
and 20.75 miles leased. The road connects Allentown Bethlehe
.
m, South
Bethlehem, Hellertown, Nazareth, Siegfried,
Catasauqua, Egypt,
Emaus, Macungie, Slatington, Quakertown,Coplay,
Perkasie,
Lansdale.
Norristown, Ambler and Philadelphia. 80 and 95-1b.
T and 96 and 116 lb.
girder rails. Owns a large amusemen
t park about midway between Allentown and Bethlehem. Owns 154 passenger
cars, 11 freight and 30 service
cars. A 2.650-foot bridge between Allentown
and South Allentown was
built by the controlled Allentown Bridge Co. (auth.
stock $300.000) and
was formally opened Nov. 141913. See V.
97, p. 1426, 1428; V. 98, p. 154.
OFFICERS.-Chmn. of Bd., Col. H. C. Treater; Pres., Harrison
R.
Fehr; V.-P., E. M.Young; Sec. and Treas., Chas.
ALBIA, IOWA.
N. Wagner; Aud., C. M.
Walter.-V.95. p.47. 750, 1684,
1746; V. 96, rt. 355, 360, 947, 1022. 1297,
SOUTHERN IOWA RAILWAY & LIGHT CO.
1489, 1772: V.
p. 365. 443, 521, 951, 1426; V. 98. p. 523; V. 99, p. 1215,
Receivership.-The $9.000 Albia Interurba bonds duo Juno
97.
140, 227, 229, 1348.
1 1915 not 1528; V. 100, p.
having been paid at maturity, A. C. Muellernof
Davenport was appointed
Easton
receiver of the entire property on applicatio
(1)
Consolid
ated Electric.
n by the mortgage trustee.
In April 1913 the Lehigh
ORGANIZATION.-Incorp. in Delaware in March 1914 as a consoliTransit Co. acquired a contrulling interest in the stock and has sinceValley
dation of the Albia Interurban Ry.
acquired all stock except (24) directors' shares.
Albia
and
Gas
the
Co.
Does
the
light,
V.96. p. 1021.
heat, power, railway, gas and ice business of Albia and
community.
Dividend payments have been made: July
Franchises expire: Electric, 1931; railway, 1932; gas,
1900, 3;4% on $10 paid in;
1939.
Sept. 1901 and March
Sept. 1902. 3% on $15 paid in; March 1903
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. (paid in July) and Sept.and
1903. 4% on $15 paid in.
Com stock, $400,000 ($100)
$20,000
In
Dec.
1905
declared
a
dividend of $2 50 and at same time called an
Prof, $100,000 ($100) 7% cum _
assessment of $5 per share on the
100,000
1st & ref M,$750,000, g ($1,-1 1914
the dividend was credited 'on the
6 g M-N
assessment, making the stock 50%stock;
28,000
1929
paid in. V. 81, p. 1791. Cash
000&$500) rod aft'19at 10Sf mt. at Iowa Trust Co., Albia,
dends
Trustee.
resumed
in
Oct.
1906
by the payment of Vi%. V. 83, p. diviAlbia Int Ry 1st M.$300.000 1910 6 g J-D
687;
282.000
again
%
paid April 1 1907 and
g ($100. $500 & 31,000)___ Interest in New York or Albia. See text
11907; then dividends were
passed until Nov. 1911. when 2%234% Oct.
paid.
In 1912 and 1913. 4%;
STOCK.-Preferred stock is subject to redemption at any time.
in 1914, May, 2%. Beginning withwas
June 1914 began paying 1-3 of 1%
Bonds.-Of the 1st & ref. bonds, $312,000 placed with
trustee for monthly (V. 99. p. 300). Dividends no longer reported, as entire stock
is
retirement of Albia Interurban Ry.
as above) and Albia Gas owned by Lehigh Valley Transit Co.
Co. ($30,000) as they become due. ($282,000
Albia
ORGAN IZATION.-Consolidation by stock ownership
By. bonds are red. after
June 1 1913 at 101 and int. They matureInt.
of the Easton
serially
Transit
from
Co.,
Edison
Juno
the
Illuminati
1
1913
ng
to
Co. of Easton, the Easton Palmer &
1930, inclusive.
Bethlehem Street Ry.Co.,the Easton & Bethlehe
m Transit Co., NorthampEARNINGS.-Of combined properties (except gas)
for cal. year 1913. ton Central Street Ky. Co., the Easton & South Bethlehem Transit ro
gross, $72,776; net, $30,005; bond interest,
and
the
Phillipsbu
(N.
rg
J.) Horse Car RR. Co. Incorporated in New
$15,200; surplus, $14,805.
Jersey March 111899. Owns all the stock of the Penn. Motor
OFFICERS.-Pres.. C. B. Judd; Sec. & Gen.
Co.
Mgr.. E• C. Manning.
Consolidation of Subsidiaries.-On Jan. 3 1908 the
Easton Transit
Co., the Easton & Bethlehem Transit Co., the Easton (old)
Palmer
&
Bethlehe
m
Street Ry. and the Northampton Central Street Ry. were merged
ALLENTOWN, PA.
into the
(now) Easton Transit Co.(V.85, p. 1461) and in 1909
the Easton & South
LEHIGH VALLEY TRANSIT CO.-A trolley road. (See map on
Bethlehem
Trans. Co. was also merged into the (new) Easton
p. 4.) Stock,
$2,150,000; all owned by Easton Consolidated Elec.. Transit Co.
ORGANIZATION.-Incorp. in Pa. on Nov. 3 1905 and is a
reorganizaFor decision of the Northampton County Court at Easton,
tion under foreclosure of the Lehigh Valley Traction
Pa., on Dec.
Co.,
the
Philadel1914
28
phia & Lehigh Valley Traction Co., the Allentown
favorable to the Edison Illuminating Co.(a subsidiary),
see Lehigh
Slatington and the Valley Transit
Coplay Egypt & Ironton Street Ry., as per plan in&V.
Co. in V. 100, p. 140.
In Oct. 1011 purchased the Montgomery Trac. Co.(V. 79, p. 733, 1462.
STOCK AND BONDS.-The collateral trust 5s were in Jan. 1900 listed
93,
p.
9401,
all
of
whose bonds and stock are deposited under the Lehigh Valley
on the Philadelphia Stock Exchange.
Transit ref. &
Imp. mtge. of 1910; reconstruction of Mont. Trac. completed
Date.
Interest. Outstandi
Maturity.
Dec. 12
cutting down running time between Allentown
Stock $1,500,000 (par $50)_ _Stock (50% paid in)all owned ng.
and Philadelphia (City 1912,
by L. V.T.Co.
halt)
from 4M to 2 hours. An 8-mile cut-off on this division
Collateral trust $1,300,000 gf 1899
5
M-N $1,237,000 May 1 1949
was
1914 and the running time between those points is now 1 hour completed in
($1,000 and $500).. _ _ _ c*tf Interest at g
Girard Trust Co.. Phila., trustee.
and 58 mins. Pennsylvania Motor Co
In April 1913 purchased controlling interest in stock of
1st, 1891
6 A-0
60,000 Apr 1 1941
Easton Consolidated Electric Co.(V. 96, p. 1022). On Juno
mort.(cannot be called) tf Lack. Tr.& Safe Dep. Co..
1913 shareholders author- Eas
Scranton,trustee
ized an issue of collateral notes to pay for the20
Pal
&
Beth
Elec
1st
gold
1899
5 14
purchase. V. 96. p. 1489.
200,000
1 1919
1772. Also has half interest in Norristown Transit
$200,000,
cannotbecalledntf Int. at U. S. Mtg.& Tr. Co.. N.Jan
Co.
Y ., trustee.
Franchises
perpet. EasSzSo Beth Tr 1st M $500,- 1906
Under agreement made in July 1907 the Lehigh Valley
6 g J-J
442,000 July 1 1936
Transit has its
Philadelphia terminal in the Philadelphia Rapid Transit
guar
000
gold
($1,000)
c*tflGira
rd Trust Co., Philadelphia, trustee.
station at Chestnut
11111. V. 85. p. 99. Late in 1912 made a contract for express
Bonds.-The cell,
have no s. f. and are not subject to call. Of the
service with total of 41.300.000, bonds
Adams Express Co. Conducts through freight service
$60.000 is reserved to retire the Penn. Motor bonds.
between Allentown 32,000
and Philadelphia.
in treas. and $1,000 reserved for small amt. of outstandi
ng scrip of
Ed. Ill. Co. Issue is secured by pledge of $2,150,000 stock (entire
In Mar. 1913 the Allentown Elec. Lt.& P.Co. and the
issue) of
Whitehall Emaus,
Slatington, lianover, Washington, Slatedale,
No. Whitehall, So. White- (new) Easton Transit Co., 12.317 shares (entire issue) of Edison ilium.
hall, Salisbury, Northampton Heights and Saucon
stock
and
2.400
shares
(the
entire issue) of Penn. Motor stock. Int. on
companies
,
all
previously
Easton & So. Beth. Transit bonds is payable at office of Edw. B. Smith
owned by Transit Co.. were merged into a new company, the
&
Lehigh Valley
Lt. & P. Co., with an auth. capital of $850,000,
Phila., or at company's office. They are guar. p. & 1. by endorsement
of which $491,100 out- Co.,
standing; par of shares, $100.
by the Easton Consol. Elec. A sinking fund of $5,000
p.
commence
a.
d
On Dec. 22 1913 the Lehigh Valley Lt .& Power
purchased all the out- June 1 1908;334,000have been retired. Bonds are subject to call at 105 and
standing stock and bonds of the Lehigh County Co.
Elec. Co., Northampton int. V. 83, p. 323.
County Elec. Co.and the Cementon Elec. Lt. & Power
REPORT.-For calendar years
ies operate in the boroughs of Catasauqua and North Co., which compan- Calendar GrossEarn
. Net Inc. Net Inc. Total E. Bond Int. Divs.
Catasauqua. Copley,
Northampton and the villages of Cementon
YearE. Tran. E.Tr.Co. Ed.I11.Co. Con.E1. Tax.,&c. Paid. Balance.
Egypt. The Lehigh Valley
Surplus
Light & Power Co. issued $217,000 of itsand
1914
$475,611 $126,907 $24,057 $150,964 $67,577 $69,950 $13,437
bonds
for
this
purpose.
In Aug. 1913 the company closed a contract to supply
468,508 126,437 23,012 149,450 71,076 30,000 48,373
electricity to the 1913
Philadelphia Suburban Gas & Elec. Co.,
a subsidiary of the Amer. Gas Co.
ROAD.-Embraces practically the entire street railway system
V. 97, p. 521.
of Easton
and West Easton, l'a., and Philipsburg, N. J., with
Owns the following stocks:
lines from Easton to
Bethlehem, South Bethlehem and Nazareth; total track,
53.621 miles, all
standard
gauge;
Cap.
operates
Stock.
through
cars from
Name of Companyto Bethlehem, South
Owned. Tot. issue. Bethlehem and Allentown. 97 passenger andEaston
Lehigh Valley Light & Power Co.(common)
12 service cars.
$491,100 $491,100
Allentown Bridge Co
OFFICERS.-Pres., H. R. Fehr, Allentown, Pa.; Vice-P.,
292.100
H.
292,100
Quakertown Traction Co
Hackett; Sec. & Treas., F. A. Hazzard; Asst. Sec. & Asst. Treas., S.
S. H.
275,000 300,000 Sargent.-V.
Rittersville Hotel Co
p. 697; V. 92, p. 794; V. 93, p. 940, 1024; V. 94, p. 830;
100,000 100,000 V. 96. p. 789,90,
Easton Consolidated Electric Co.(50%
1021; V. 97,p. 53, 301. 311; V. 98. p. 838; V.99,p. 1300.
paid)
1,498,7001,500,000
Norristown Transit Co
Miscellaneous stocks
10.000
10,000
ALLENTOWN & READING TRACTION CO.-A trolley road.
Leases Bethlehem & Nazareth Passenger Ry.for
-999 years at 5% on stock
and bonds.
ORGANIZATION.-lncerporated April 25 1898 and leased the
AllenLeases Quakertown Trac. for 315,000 per
annum. In 1911 offer of town & Reading Electric Street Ry. for 290 years from June 4 1898. On
Lehigh Valley Trans. Co. to acquire
Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street Ry.
Quakerto
wn
Trac.
bonds
was
accepted
by all but $40,300 of the bonds. (V. 01, p.
Controls
the
Kutztown
Light,
Heat
716,
Power
&
Co. Connects with United
660, 882) and $33,000 have since been acquired,1096: V. 92, p. 323, 528, Traction Co. tracks from
Reading, thus forming a through line from Allenleaving $7,300 in hands
of public.
town to Reading.
Proposed Purchase of Power Co.-For joint offer
STOCK AND BONDS.
Date.
Transit Co. and the United Gas Improvement Co. of the Lehigh Valley
Interesi. Outstanding. Maturity.
to purchase control of Stock, 3750.000 (par $50)the Lehigh & Northampton Lt., Ht.
$230.000
& Power Co.,see V. 97, p. 1426,
1429. First mortgage. $250,000, 1900 5 gJ4
250,000 July 11930
STOCK AND BONDS- Date. Interest.
g. $100,$500 & $1,000-cpt Interest at Fidelity Trust Co.. Phila., trustee
Outstanding. Maturity.
Conunon,$3,000,000, par $50First
Kutztown
M
&
Fleetw'd
$2,997,35
1902 6 g J-J
0
200.000 Jan 1 1932
Prof, $5,000,000. par $50_ _ _
3200.000,
guar p & I _ _cpt
M-N
4,979,687 MaY'15.1%
5%,cum after Nov 3 1910_
First cense! mtge, 3750,000 1902
5 IC J-J
300.000 July 1 1932
First mortgage, $5,000,000 1905
g ($500& $1,000) c & rcpt Int. at Integ.
4-5 g M-S
Tit. Ins.& Tr. Co.,Phila.,trus.
Dec 1 1935
gold ($1,000)
ctf Guaranty Trust Co.,4,983,000
Bonds.
-Of the $750,000 o new consols. $450,000 are reserved to retire
Now York, Trustee.
Consol. mtge. 37,500.000. 1905
prior liens. They are subject to call at par after July 1 1917; no sinking
4-5 g J-D
354,000 Dec 1
tf Lehigh
gr.& S.D. Co. Allentown1935
.Tr. fund. The first mortgage bonds are redeemable at par.
Ref & imp mtge 315,000,0001 1910 Valley
5g
5,156,000 June 11960
EARNINGS.-For year ending Dec. 31 1914. gross. $189,856; net,
gold ($500 and $1,000)c*tf(Lehigh ValleyJ-D
Trust Co.. Allentown, Trustee $68,536; int., disc., &c..
Beth. & Nazar St Ry Stock_
352.788; surplus, $15,748.
150.000 5% guar
Bonds ($150,000)
ROAD.-Oeoratcs 39.60 miles main line, 7.50 miles sidings-total,
tf
5
M-N
150,000 May 1 1929
Allentown Bridge 1st M.1 1912 5 J-J
47.10 miles; 43 cars.
218,000
July
1
1942
($500 and $1,000) --__c*tfiGuar. p. & I. by Lehigh
OFFICE 128.-Pres., H. E. Ahrens, Reading; V.-P., NV. D. Mohn; Sec.:
Valley Transit Co.
Lehigh Val L & 1' mortgage{ 1913
5 g A-0
534,300 April 1 1943 S. K. Hoffman, Hamburg; Treas., Geo. B. Shaffer. Reading; Supt., W.
S2.000,000 ($1,000. $500 & Lehigh Valley
J•
Bear,
Trust
Kutztown.-V.81,p. 1492; V.82.p. 216.
Co.,
Allentown
,
Trus.
MO). gold
c*tf
at co.'s office or Brownitros.&Co Phila.
Coll trust bonds, $925.0001 Int,
1913 6 g J-J
924,200 July 1 1923
($1,000,$500,3100), g c*tfrInt.
at Girard Trust Co.. Phila., Trustee.
Equip trusts "Ser A"
tf
ALLIANCE, OHIO.
68,000
iionds.-Of the $5.000.000 first mtge. 5%
$2,770,000 bear 4% Interest and
are all out and $2,230,000 are 5s. Sufficient
ST AR K ELECTRIC RR.-An electric railroad.
of these bonds are reserved to
take up the $7,300 Quakertown Trac. '
RGANIZAT
0
ION.-Inc
orporated in Ohio and is a consolidation in Dec.
bonds
Interest at Brown Bros. & Co., Philadelphia.still out. See V. 82, p. 628. 1902 of the Alliance Electric
Ry.and the Stark Electric Ry.
redeemable on any interest date, the 4s at 105 The first mtge. bonds are
STOCK
AND
BONDS.
Date.
Interest, Outstandi
and
Outstandin
the
5s
g
ng.
at
Maturity.
110. Of the
consols. $2,500,000 4s were outstanding but
_
$2,146.000 have been exchanged Atoci,:, $1,500,000 ($100),
Q-J
31.250.000
.4%
for ref. & itnprov. bonds. Int. on the
consol. bonds is payable at the corn • First mtge, 31,000.000, tiold f 1903
5 g J-J
924,000
Jan 1 1928
pany'e office or at office of Brown Bros.
($1.000)
sinking
fund.
&
call-{
Co.,
Citizens'
Say.
Philadelph
Tr.
&
Co.,
ia.
Cleveland
These bonds
, trustee.
are not subject to call. Of the $15,000,000 ref. &
able
at
105.
c tf I Int. at United Bank &
!mem% bonds $5,000,000
Cleveland.
are reserved to retire 1st M. bonds;
Fonds.-Sinking fund of 1% per annum from Jan. Say.
$569,000 for consel. mtge. bonds
1911Co..
to Jan. 1 1915
($354,000 to take up bonds shown in table
and 2% per annum thereafter. $70.000 have been 1retired.
taken up); $4,206,000 for improvements and and rest for bonds previously
Dividends
.-Flrbt
div..
%. paid July 1908; % has been paid quar.
$101,000 for general purposes.
Of the amount reported outstanding.
are in treasury. Bonds are since to aud including July 1915. In April 1910 also a stock dividend of
red. at 105 and Int. on or before June$41.000
1 1920, and 110 and in, thereafter
. 25%. V. 90. p. 448. 700.
V. 92, p. 187; V. 94, p. 698, 982; V. 95,
EARNINGS.-For calendar year 1914. gross, $313,196; net, $147,317.
town or at office of Brown Bros. & Co.. p. 7150. Int, is payable in Allenia. Bonds are listed on Interest, taxes, &c., $63,391; surplus, $83,926.
the Philadelphia Stock Exchange. ThePhiladelph
collateral trust notes of 1923 are
redeemable at par and interest on any interest
ROAD.-Operates 34 miles of track from Canton
Salem, including
day.
Alliance City lines. Standard gauge. 67 and 70-1b. to
Lehigh Valley Lt. & P. bonds are subject to call
T rails and 70 and
on any int. date at 103 90-1b. girder
and interest. V. 97, p. 365.
rails. Total mileage, including double track, 36 miles.
An
extension from Alliance to Marlborough and New Baltimore
Dividends.-Inittal div. on pref.. 1%. paid
and eventually
Nov. 10 1911. In 1912. to Akron is being construct
1913 and 1914, 2%. In 1015, May, 1%.
ed, line partly graded.
REPORT -For fiscal year ending Nov. 30 1914
OFFICERS.-Pros., C. R. Morley, Cleveland; V.-P., David Morison:
(V. 100, p. 236): Total
°per. rev., $1,869,006; net, after taxes,
E. S. Cook: Treas., J. M. Blatt; Aud., A. J. Sampson; Gen. Mgr.,
$718,351; other income. $122,948; Sec.,
F. L. Mowry.-V. 76, p. 973; V. 86, p. 1468; V. 90, p. 448, 700,
1171.




[VOL. 101.

ELECTRIC RAILWAYS

4

Tannersville
Hickory Ru

DELAWARE
WATER GAP
Penn Haven Jc.

A1R

C

N

0

B

AIJCH CHUNK

e
Lehighton

Weissport

---'P.arryville

,,?

•

Lizard Ci

5

\-11eZfer Je.

L.

equest

P/
BELFAST

Martins Creek
Washington

WARSVILLE

„Ulend
0
SVILLE

NSRU RC

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TERRITORY SUPPLIED
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SEPT., 1915.]

ELECTRIC RAILWAYS

5

AMSTERDAM, N. Y,

whole (but not less) on any int. date on 8 weeks' notice at
10134 and int.
V. 94, p. 1695. No sinking fund.
FONDA JOHNSTOWN & GLOVERSVILLE
RAILROAD CO.
Steam and electric road. See statemen
EARNINGS.-Now included in report of Union Traction of
t in "Railway & Industrial Sec."
Indiana.
ROAD.-Included in Union Traction Co. of Indiana.-V.
94. p. 1565
1626, 1695; V. 96. p. 135; V. 100, p. 982.

ANDERSON, IND.

UNION TRACTION CO. OF INDIANA.-A trolley
road.
ANNISTON, ALA.
ORGANIZATION.-Incorp. on May 13 1912 as a consolida
ANN ISTON ELECTRIC & GAS CO.
tion of the
old Union Traction Co. of Indiana (incorp.
Merged in March 1915 with the Alabama Power
May 28 1903) and the Indiana
Union Trac. Co.(incorp. June 9 1903), per plan
Co., a subsidiary of the
In V. 94, p. 1119. 1185; V • Alabama Trac., Lt. & Pow. Co., for statemen
95. p.819; and as a result of which capital was materiall
t of which see our "Ry. &
y reduced. The In- Industrial Section."
diana Union Trac. Co. had previously acquired the Indiana
Nor. Trac. Co.
(V.81, p. 1848), Muncie & Union City
Co.(V.83. p. 96)and Muncie
Hart?. & Ft. W. Ry.(V. 82. 805. Trac.
869. 1041). The latter company was
ASBURY PARS, N. J.
leased to the Indiana Union p.
Trac. at a rental (In addition to operating
ATLANTIC COAST ELECTRIC RY.-Tro
exp., int. on bonds. &c.), equivale
to 5% on Mun.
lley.
& Ft. W. Ry.
$500.000 cum. pref. stock; V.83. p.nt
ORGANI
ZATION
.-Incorporated in New Jersey on Dec. 8 1905
96. The old Union Trac.Co.of Indiana
was a consolidation of the Union Trac.
as sucIndiana (incorp. in June 1899). cessor to the Atlantic Coast Electric Railroad Co., sold
Co.
of
under foreclosure of
and the Indianapolis Northern Trac. Co. (incorp. in April
general mortgage of the latter. Leases
1902). Leases the
the
Seashore
Electric
Ry. of
the Broad Ripple Natatorium Co. and owns $12,000 of its 5%
Asbury
Park
until June 6 1937 at $10,000 per year and
bonds.
owns $150,000 of the
Also owns the 384,000 1st M. 6s outstanding and $49,500
of the $50,000 $200,000 total capital stock of that company (making net rental 32,500),
stock of the Traction Light & Power Co. and
and
owns
all
of
the
stock
$75,000
of the West End & Long Branch Ry. and of the
of the capital stock
the United Tractions Coal Co.
Asbury Park & Sea Girt RR.; the
former is leased from Aug. 3 1896 until
The Indianapolis Northern Traction assumed
of the prin. and July 17 1945 at a nominal rental, and the latter for 99 years
int. of half ($200,000) of the bonds of the Broadpayment
6% on stock
from
Aug.
27
1898;
both
Ripple
stock and bonds of Asb. Park & S.at
Traction Co.(see
under Indianapolis).
G. are owned.
Also entire stock ($100,000) of the
Atlantic Coast Electric Light Co., which
Leases Indianapolis Newcastle & Eastern Trac. Co. for 999
supplies
the
electric
lights
of
Asbury
years
from
Park, Allenhurst, Belmar, Ocean
Oct. 25 1912. Lease modified in 1914 and corn. and pref.
stocks of the Beach, Como and Spring Lake. The Seacoast Trac. Co.(capital $100,000
Ind. New. & E. Trac. Co. formerly held were
).
ed in satisfaction running from Belmar to Spring Lake,2 miles, has been leased to the
of obligations incurred in leasing that company transferr
Atlantic
Coast
Elec.
Ry.
for
99
years;
and
its
acquiring
stock
that stock, Belmar
and bonds are owned. Franchise in
and in 'building the Muncie-Newcastle line, and in considera
expires
in
1947; in Asbury Park in 1937; in Long Branch,
tion of further
advances for improving power facilities for
some exthat line, a total of about pire in 1945 and others are perpetual; in Ocean Township,perpetual
$521,000. Under the modified lease, addition
; in Sea
to the 5% divs.on the pref. Girt,expire in 1926 and 1956;franchises of Seacoast Trac.Co.are perpetua
stock, a definite annual payment of in
l.
on the corn. stock is provided
for, thus making a fixed return of 5%$1,050
Div or
STOCK
AND
BONDS
on
the
Date.
above-st
Interest.
ated
$521,000
Outstanding. Maturity.
. Pro- Stock $1,000,0
vision is also made for payment of an additiona
00
($100)l 2% on this sum,contingent
$1,000,000 In 1914, 307
upon certain conditions. See V. 100,
First mortgage gold $1,000
1895
P. 975, for further details.
5 M-N
800,000 May 1945
000
STOCK AND BONDS.
ntf Int. at Columbia
Date.
Co., N. Y., Trustee.
Interest. Outstanding. Maturity. General
mortgage 31,000,0001. 1906 5 g J-J Trust
Common, $5,000,000
1,000,00
0 July 1 1945
35,000,0
00
gold ($1,000)
1st pref. $1,000,000,5% cum_ ____
ctf Interest at Central Trust Co., N.Y.,Trustee
A-0
1.000,000
.
See text Seashore Electric Ry stock_
2d pref. $3,000,000 (see text).
5
J-J 10
200,000
3,000,000
See text Seashore Electric Ry first l 1892
Ind Un Traction 1st M 35,-1 1903
6 g J-J
5 g A-0
1.620.000 July 1 1933
200,000
1917
mortgage $200,000
000,000 (31,000) gold... tf(Interest at Girard
tffInt. at Seacoast Nat. Bk.,Asbury Park,
Trust Co., Phila.. trustee. Atlantic Coast
N.J.
Electric Light{ ____
Union Tr Co of Ind 1st genM1 1899
5 J-D
5 g J-J
4.594,000 July 1 1919
241,000 June 1 1945
first mortgage 3500,000 Int. at Asbury
$5.000.000g($1,000)c&rstt!Equitable Tr. Co., New
Park & Ocean Grove Bank,
York, trustee.
gold
Collateral notes
ntf
Asb.
Pk.
1914 6%
Morton
Tr.
Co., N.Y., Trustee.
100.000
See text
.Bonds.-Of the $1,000,000 1st 5s, $200.000 are
Citizens' St Ry (Mun) 1st M 1897 6 g J-D
reserved to retire a like
77.000 Dec 1 1927 amount of Seashore
Ry. 6s. The latter are subject to call at
Vg8602213ptupotv call 105_ Interest at Guar. Trust &
Safe Deposit Co. bonds and stock of the
Entire
Asbury Park & Sea Girt ($50,000 each)105.
c*
Philadelphia, trustee.
and the Seacoast Trac. Co.($100.000 each) are deposited under
Marion City 1st M
3400,000 1895 6 g M-N
'
the
new
328,000
general
May
mtge.
1
1919
gold ($1000)
tf Equitabl Trust Co., New York, trustee.
ROAD.-Belt line in Asbury Park, 5.85 miles; Asbury
Park to Pleasure
Indianapolis North Trac 1st 1902 e
5 g J-J
0 July 1 1932 Bay and North Long Branch, 14.60 miles; Asbury Park to Manasquan,
mtge $5,000.000 g ($1,000) Equitable Trust Co..5,000,00
14.16 miles; total track. 36.08 miles. Connects at
New York, trustee.
Pleasure Bay with the
guar p & I by Un Tracc*tf
New York & Long Branch Steamboat Co
Indiana north Trac 1st mtge 1903 5 g A-0
500,000 Oct 1 1933
REPORT.-Years ending Dec. 31:
3500,000 gold ($100, $500 Interest at Trenton
(N.
J.)
Trust
&
Safe
1914.
and $1,000) guar
1913.
1912.
c*tf
1911.
1910.
Co.. trustee.
Gross earnings
$428,763 $437,856 $427,883 $422,755 $402,495
M H & Ft W prof stock cum_ __Depodt
5%
500,000
See text Operating expenses
248,953 236,783 225,683 216,014 198,547
do do
first mtge $1,-1 1905 5 g J-J
937,000
Jan 1 1935
000,000 old ($ ,1 000)_c*tt Int. at
Say.& Tr.Co.,ciev.,trustee.
Net earns, from oper _ _ _3179,81 $201,073
Muncie & Un 0 M 3925.0001 1906 Guard.
3202,200 $206.741 $203,948
5 g J-J
925 000 July 1 1936
In 1914, misc. Inc., $1,440; fixed0 charges,
guar gold ($1,000) _ _c* tf Int. at Fidelity
$129,190; surplus, $52,061.
Trust
Co.,
Stock,-Divs. on 2d pref. stock are cum. from 1% bila., trustee.
OFFICERS.-Pres., S. F. Hazelrigg, N. Y.; Treas.,
H. H. Rogers,
1913,scaling upward to 3% semi-annually in July 1918 semi-annually in Sec., G.B. Cade; Supt., C.E. Hereth.-V.81. p.
974, 1435, 1722.
and thereafter.
Bonds.-Of the Ind. U. Trac. bonds of 1903. $3,380,0
00 were reserved
for extens. and impts.. but under terms of consolida
tion agreement of 1912
these bonds have been canceled. $328,000 are held alive
ASHTABTJLA, OHIO.
in the sinking fund.
Sinking fund, 13i% per annum of outstanding bonds,
became operative
ASHTABULA RAPID TRANSIT CO.
on July 11904. Fund is to be Invested in the
at not above 105 and
int.. and bonds may be drawn at 105 and int. onbonds
In
Feb.
1907 control of this road was acquired by L. A. Robison,
any int. date. Remaining of the
Pres.
Union Trac. Co. of Ind. gen. M. bonds are reserved
Penn. & Ohio Ry., and associates.
for underlying bonds.
See V. 71, p. 1013. Bonds are listed on Phila.
ORGANIZATION.-Chartered Oct. 7 1890.
Stock Exch. The Indiana
Northern Trac. bonds are subject to call at 105 and
STOCK AND BONDS- Date.
They are guar. n. & i. by Ind. Un.Trac. Co. V. int. on six weeks' notice.
Interest. Outstanding. Maturity*
Hartford & Ft. Wayne bonds can be called Jan. 1 82, p. 805. The Muncie Stock, 3500,000
$500,000
1925. or after, at par. A 1st mtge. $75,000. goldl
sinking fund on those bonds of 2 ti% of gross
1891 6 g J-J
75,000 See text.
earns,
per
ann.
began
($1,000)
July 1
1905. See V.80, p. 1059. 363.000 have been retired.
c*&r 'Int. at Central Trust Co.,'Trustee,
N. Y.0.
The Mun.& Union 2d mtge. $500,0001907
City bonds are subj. to call at 105 and guar.,
5
M-S
307.000 Sept 15 1927
p.
&
I.,
by
Ind.
Un.
Trac.
The
Marlon City 1st M. bonds originally matured May
{Citizens
& T. Co., Cleveland, trustee.
1 1915, but were exBonds.-$75.000 2d mtge. bonds areS.reserved
tended to May 11919.
for
prior
liens.
1st M.
bonds originally matured July 1 1911 but were extended
The notes of 1914 mature $50.000 each Sept. 1 from
10 years to July 1
1915 to 1917, incl
1921.
Dividends.-5% was paid on first pref,
to April 1914. None since.
Divs. on second prof. stock have not beenstock
EARNIN
GS.
-Year
ending
Dec. 31
paid since July 1912.
in 1913, gross, $83,176; net, $26,880. 1914, gross, $86,487; net, $26,758
REPORT.-For calendar year (1914 report in
V. 100, P. 975):
Calendar
Gross
ROAD.-Operates 5 miles of track on 534 miles ofstreet.
Net (after
Other
Bond
DiviBalance,
YearEarnings.
Taxes). Income, Int.Ac. dends.
OFFICERS.-Pres., L. A. Robison, Pittsburgh; Sec.
Surplus.
1914
$2,495,524 $919,823 $32,756 $884,784
& Treas., Wyn B.
Morris, Pittsburgh; Gen. Supt., Palmer Wardman
, Ashtabula. V.85.p.468
1913
2,466,832 881,754 51,798 858,858 (234)325,000 $42,795 V.
98. p• 761.
50,000
24,694
Passengers carried in 1914, 17,982.101.
ROAD.-Besides the city lines in Marion, Anderson
PENNSYLVANIA & OHIO RY.-A trolley road.
, Muncie and
Elwood, owns an interurban road from Anderson
Linwood, AlexThe same interests control the Ashtabula Rapid Transit
andria, Summitville. Fairmount, Jonesboro, Gas (via
Co.
City
and
ORGANI
Soldier's
ZATION.-Incorporated March 17 1898.
Home) to Marion. and thence to Wabash (5334 miles),
with a branch from
Alexandria (via Orestes and Dundee) to Elwood,
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
and from Elwood to Tip- Stock
ton (20 miles): also an interurban line from Muncie
($100).
$1,300,000
via Yorktown, Dale- First mtge, $1.600,000 auth.
yule, Chesterfield, Anderson Pendleton, Ingalls, Fortville
$600,000, gold. 1901
5 g M-8
600.000 Mar 15 1921
. McCordsville
and Lawrence to Indianapolis (5634 miles); also an
$500 each
c*
at Citizens Say.& Tr. Co., Clev., Trus.
Logansport, via Kokomo, Tipton, Atlanta, Arcadia,interurban line from Jefferson Division ($500). Int.
1902
Cicero,
100.000 Mar 15 19221
5
g
M-8
Noblesvil
le,
Carmel, Broad Ripple,to Indianapolis(80 miles), and
$100,000
Int. at Citizens' Say.& Tr. Co., Clev., Trus.
from Peru to Kokomo Gen
(1934 miles); also a line from Anderson to Middleto
mtge. $900,000, gold 1906
5
g
M-8
200,000
151928'
operation Aug. 11905; a line from Muncie to Union wn, 93. m., put in
$500)
c Int. at Citizens Say.& Tr. Co.,Sept
(33 miles): total,
Cloy., Trus.
Bonds.-Of the new gen. mtge. bonds.
272 miles of interurban and 4634 miles of city lines.City
$700,000 are reserved to retire,
Also leases Muncie prior
Hartford City-Bluffton line, 42 miles, and Indianap
liens.
castle-Muncle
line 624 miles; grand total, 423 miles. Througholls-New
EARNINGS.-For calendar year 1914, gross,
are run between
$123,247; net, $46,406.
Indianapolis and Fort Wayne in conjunction withcars
the Fort Wayne & In 1913, gross, $124,329; net, $44,890.
Northern Indiana Traction Co. Provides package freight
ROAD.-Owns and operates the Conneaut city line.
between
3 miles, and has
Indianapolis and Muncie and Indianapolis and Logansportservice
built
westward
from
and
Conneau
Peru,
t
to
Kingsvill
and
e & Ashtabula,
to all other points on the system. Operates through freight
service between south from Ashtabula to Jefferson. 10 miles; total, 26 miles.13 miles, and
Indianapolis and Fort Wayne. By contract until Nov.
OFFICERS.-Pres., L. A. Robison, Pittsburgh; Sec.
1933 cars are run
over tracks of Indianapolis Street Ry. in Indianapo
& Treas., W. B.
lis. Carries express Morris, Pittsburgh; Gen. Supt., Palmer Wardman. Office
matter per contract with Wells, Fargo Express Co.
at Ashtabula.
A large central -V.82, p. 929, 987.
power station, with necessary storage
batteries, at Anderson, operated on
a three-phase system, with 19 sub-stations
likewise
,
equipped
with
storage
batteries, operates entire system.
ATLANTA, GA.
EQUIPMENT.-Jan. 1 1915. 153 city cars,
GEORGIA RAILWAY & POWER CO.-(See Map on page
88 interurban cars, 29
6.)
freight cars and 120 service cars; total,
390.
ORGANIZATION.-Incorp. In Georgia on Oct.
OFFICERS.-Pres., A. W.Brady, Anderson
16 1911 to take over
; V.-P., Harold B. flibben; the following properties (V. 93, p. 1191. 1725):
Sec. & Treas., Wm. H. Forse Jr., Anderson. General
offices and transfer Atlanta Hydro-Elec. Power Co.
linter-State Power Co.
offices, Anderson, Ind.-V. 95, p. 298,
819; V. 96, p. 64, 137, 717, Atlanta Water & Elec. Power Co.
Savannah River Power Co.
1083; V. 97, p. 446; V. 98, p. 840, 905,362,
Georgia Power Co.
1001; V. 100, p. 813, 975.
South Carolina
Co.
Also leases the Georgia Railway & Electric Co. (seePower
(1) Indianapolis Newcastle & Eastern Traction Co.
It is planned to construct and operate in connectionbelow).
with the developLeased to Union Traction Co. of Indiana on Oct.
ment
the
of
water
powers a system of interurb railways.
25 1912 for 999 years.
The lease provides for the payment of all
In June 1912 Judge Pendleton in the Superioran
interest on bonds, a sum
Court sustained a demurrer
equivalent to 5% on the pref. stock, andtaxes,
a
annual payment of to the suit brought to have the company declared a trust in violation of the
$1,050 on the corn. stock. For further detailsdefinite
Anti-Trust
law. V 94, p. 1763. An appeal was taken to the Supreme
see
Union
Traction
Co.
of
Indiana above and in V. 100, p. 975.
Court but in Jan. 1913 the suit was withdrawn. V.
96, p. 285.
In a suit brought by the Attorney-General of Georgia
ORGANIZATION.-Incorp. in Indiana on June
in Nov.
10 1912 as successor to eject the company from
to'
the Indianapolis Newcastle & Toledo Elec. Ry.,
certain property at Tallulah Falls, where1912
a large
sold
foreclosu
at
re. Has power-plant has been constructed,
private right-of-way minimum width 66 ft., except
a
jury
in
the
Rabun
County Superior
where shortest franchise expires Apr. 7 1933. Underin corporate limits, Court at Clayton. Ga.,In May 1913 gave a verdict in favor of the company
.
favorable contract The Supreme Court of Georgia on
with Ind. Trac. & Term. Co. extending to 1933, operates
Dec. 13 1913 affirmed the decision of
through city into the lower Court. V 95, p. 1472, 1541:
Indianapolis interurban terminal.
V. 96. p. 1629; V. 97. p.1822.
In
Aug.
1915
applied
to Georgia RR. Comm. for permission to issue
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity. $39,000 bonds for itnpts. already made.
Common $500,000 ($100)_
$500,000 See text.
STOCK AND BONDS- Date.
Pref $500,000 5% ctun ($100)
Interest. Outstanding. Maturity.
500,000
See text.
Common,$15,000,000 mow
First mtge $1,500,000 golditi
$15,000,000
6 g J-D
1.200,000 June 1 1919 1st pf$2,000
.000 69' cum(3100)
$1,000
e*tt Int. at Fidelity Trust Co., Phila.. Trustee
2,000,000
See text
2d pf$10,000,000 4%n-c($100
Bonds.-Of remaining 1st M. bonds, $100,000 may be
10.000.000
issued upon ful- 1st & ref mtge $30,0,0
filment of certain covenants and balance for 75%
00 00 RI 1914
5 g A-0
0 Apr 1 1954
of cost of extensions,
See text sinking fund_ __e* Int. at Fidelity Tr.9,900.00
impts., betterments or acquisition of unencumbered propertie
Co.. Phila., Trustee.
s. Red. as a Debentures
634,419




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SEPT., 1915.1

ELECTRIC RAILWAYS

STOOK AND BONDS- Date.
Interest. Outstanding.
Maturity.
Blue Ridge Elec 1st M1 1910 5 J-J
1,100,000 See text
$1,370,000 g
___c*JColumbla Trust Co.. Trustee.
Savannah Ely Pow
($500)Co 1st M_ 1911
5 A-0
200,000 Oct 1 1921
Refding mtge $2,500,000_- 1911
5 A-0
350,000 Oct 1 1941
Atlan Wat & El P 1st M1
- 1903 5 J-J
1,353 000 Jan 1 1943
$1,500.000 gold ($1,000)__!Columbia Tr. Co.. N. Y.,'trustee.
Stock.-After the 2d pref. and common stocks have both received
4%
per annum for 3 successive years, the 2d pref. stock becomes
corn. stock.
Bonds.--:Of the $30,000,0001st & ref. mtge. bonds.$3,017,000 are reserved
to retire prior liens, and balance is for future additions, &c., under protective restrictions. Subject to call at 102% and int. on April 1 1919 to
1923, and thereafter at 105 and int. after 56 days' notice. Bonds are
callable for sinking fund at same rates and dates. Coupon bonds $1,000
or £205 15s. 3d. and $500 or £102 17s. 7d. The Blue Ridge Electric
1st M. bonds mature on July 1 1940, but the Georgia Ry. & Power
assumes an agreement made by Georgia Power Co. to purchase themCo.
on
or before Oct. 1 1916 at par and int, or at its option deliver therefor
its
bonds and in meantime to limy int. on the bonds. See V. 94, 1).
Col.-Knickerbocker Trust Co. is trustee of both Say. River Power1383.
Co.
Issues. The Atlanta Water & Elec. Pow. bonds are subj. to call at 105.
Sinking fund Jan. 1 1908 to Jan. 1 1917 incl., $5,000 per annum; thereafter
until maturity,$10,000 per annum. See V.79, p. 152. $47.000 in sink. fd.
Dividends.-An initial div. of$4 70 per share was paid Jan. 20 1913 on the
1st pref. stock, covering the 9 2-5 months since it was issued (March 1912)•
None since.

ROAD.-Operates 18 miles of track from Atlanta to Marietta, 15.2 miles:
which are owned and mostly on private right of way. Has arrangements
with Ga. Ry. & El. Co. for terminals and trackage rights Into the city of
Atlanta. Commenced operation July 17 1905.-V. 79. p. 680.

ATLANTIC CITY, N. J.
ATLANTIC CITY & SHORE CO.
ORGANIZATION.-Incorporated in 1909 in Delaware. Owns 2,995 of
the 3,000 shares of the Atlantic & Suburban By. Co. stock and
a majority
of the stocks of the Central Passenger By. Co.(340,000 bonds) and
Atlantic
City & Shore RR. Co. Also owns all of the $591.100 outstanding 1st
mtge.
bonds of Atlantic & Suburban By.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Stock, $1,000,000
$995,500
Coll trust, $591,100
tf 1910
591,100
See text
The collateral trust 4s are secured by4%
$591,100
& Sub. 1st mtge.
bonds and 2,995 out of 3,000 shares of stock of thatAtl.
company. They fall
due Feb. 1 1928 or Feb. 11940.
OFFICERS.-Pres., Harry E. Kohn; Soc., L. R. Isenthal; Treas.,
I. L. Stone.

(1) Atlantic City & Shore RR.-An electric road.
ORGANIZATION.-Incorporated in New Jersey Oct. 21 1905 with a
perpetual
charter. Leases •Atlantic City & Ocean City RR.-see terms
REPORT.-Of the combined properties for calendar years:
I3elow-and
owns $218,500 of the common stock of the Atlantic City &
Calendar
Gross
Net (after
Other Int., Rentals, Balance, Ocean
Company, which holds all the stock and bonds
YearEarnings.
of the Atlantic
Income. Sk. Fds.,&c. Surplus. City &City
Taxes).
Ocean City RR. V.85, p. 158. Cent. Pass.
1914
Ry.Is operated under
$6.341,184 $2,583,110 $166,466 $2,209,206 $540,370 traffic agreement.
1913
5,537,056
2,263.786
103,690
1,767.913
599,563
Contract with West Jersey &. Sea Shore RR.-An agreement
has been
PROPERTY.-Total mileage (on single-track basis) Dec. 31 1914' entered into with the West
Jersey & Sea Shore RR. by which the
231.888 miles. Standard gauge, 70. 80 and 90-lb. rails. Owns water; Atlantic Ave. line of the latter
running from Atlantic City to Longpower sites in Northeastern Georgia capable of an ultimate development ot port, 8% miles, is operated byroad,
this
company.
The
West
Jersey & Sea
over 346.000 h. p. At Tallulah Falls develops 80,000 h. p., with
Shore RR has an option to purchase until May 1
majority of
sion lines to Atlanta, 90 miles distant. The interurban line fromtransmisAtlanta the Atlantic City & Shore RR. stock. V. 85. p. 158. 1918 a
to Stone Mountain was completed in Nov. 1913. The hydro-electric
plant
at Tallulah Falls was placed in operation April 1 1914.
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock, $1,000,000 MOM
$1.000,000
OFFICERS.-Ch.of Bd.. II. M. Atkinson; Pres., Preston S. Arkwright. 1st mtge & coil trust deed!
1905
5 g J-D
950,000 Dec 1 1945
V.-P. & Gen. Mgr., G. W. Brine; V.-P., Oper. Mgr.,& Sec., W. H. Glenn'
$1,000,000 ($1.000) g_c* tf'Int. at Girard Trust Co.,
Phila., Trustee.
Asst, Sec., Paul D. Reid; Treas., I. S. Mitchell Jr.; Aud., H. Flynn, all of
Bonds.-No sinking fund, but can be called at any time at 110 and int.
Atlanta.-V. 95, p. 1472, 1541; V. 96, p. 202, 285, 419, 789, 941, 1021;
ROAD.-Operates 47.45 miles of track in and around Atlantic
1629; V. 97, p. 1504, 1822; V. 98, p. 689. 757, 1459, 1536, 1694; V. 100, p.
cluding a road through Pleasantville, Linwood and Somers Point. City, in555, 733, 807.
City, the latter two points being connected by 2 miles of trestle to Ocean
and bridge
owned by the Atlantic City & Ocean City RR.
(1) Georgia Railway & Electric Co.
EARNINGS.-For cal. year 1914, gross, $632,728; net, after taxes
Lease.-On Jan. 30 1912 the stockholders of the Georgia By.& Elec. Co.
and
approved the 999-year lease from Jan. 1 1912 to the Georgia By. & Power rentals, $66,392; int., 847,500; surplus, $18.892.
Co., which provides that the latter company guarantee all the fixed charges
OFFICERS.-Pres., I. II. Silverman; V.-P., Charles Evans;
and dive. on pref. stock and divs. of 8% on corn, stock, the holder of each
Sec.,
J.
M.
$100 corn. having received, as additional consideration for the lease, $3 12% Campbell' Treas. I. L. Stone; Gen. Supt. Geo. F. Faber.-V. 85, P.
in 1st prof. and $125 in 2d pref. stock of Georgia Ry. & Power Co. V. 94, 158; V. 86. p. 109'9; V. 88, p. 685; V. 90. p.'1424.
p. 982, 1119. The shares of the Atlanta Gas Light Co. and of the Atlanta
(a) Atlantic City & Ocean City Company.
Northern By. are not included in the premises demised under the lease,
The Atlantic City & Ocean City Company was organized in Delaware
but the lessor assigned and transferred to the lessee, for and during the term
and owns the entire ($180,000) stock and all the ($180,000) bonds
of the lease, the income arising from any and all of the said shares.
of the
Atlantic City & Ocean City
,and has pledged them as security for the
ORGANIZATION.-Incorp. In Georgia on Jan. 28 1902,and on April
Of the common stock of the Atlantic City &
1 collateral trust bonds below.RR'
1902 took over the Atlanta Ry. & Power Co. the Atlanta tap. Tran Co.,
Ocean City Company,$218,500 is owned by the Atm. City & Shore RR. The
the Georgia Electric Light Co. and the Atlanta
anta Steam Co. Franchise latter leases the Atl. City & Ocean City RR. for 999 years, the rental befor the greater part perpetual; others 50 years from August 1899. Com- ing $19,500 per annum,
and an additional contingent sum equal to 33 1-3%
prises the street railway, electric-light, gas, power and steam-heating of the not surplus, but not
to exceed $25,000 per annum.
Interests of Atlanta and Fulton County. Uses power supplied by the
Atlanta Water & Electric Power Co. from the latter's plant at Bull
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Sluice on the Chattahoochee River, 15 miles from Atlanta-see V. 79, p. Common,$350,000_
$220,000
153, 2149 By terms of the ordinance permitting consolidation,the com- Pref 5% non-cum 3250.000
175,000
•
pany paid the city of Atlanta $50,000 in cash, and agrees to pay a tax on Collateral trust gold $500,-1 1907 5 M-S
350,000 Mar 1 1947
000 redeemable 110 & int tf[Girard Trust Co., Philadelphia. Trustee.
gross receipts of 1% for first 3 years. 2% for the next 20 years and 3%
thereafter. V. 74, p. 397, 727. Has contract with the city for street lightStock.-The pref. stock is redeemable at par.
ing for 5 years from April 11913. In Oct. 1902 both pref. and corn, stock
ROAD.-The Atlantic City & Ocean City RR. owns 2.61 miles of road
were listed on Boston Stock Exch. V. 75, p. 849. They are also listed on
from Somers Point, across Great Egg Harbor Bay, on bridge and trestles,
the Louisville Exchange.
In June 1903 acquired the entire capital stock ($600,000 6% prof. and to Ocean City. Rails, 85 lbs. V. 85, p. 158; V. 87. p. 165.
$1,014,625 corn.) ofthe Atlanta Gas Light Co., comprising the gas business
OFFICE RS.-Pres., Penrose Fleisher; Sec., J. M. Campbell; Treas..
of Atlanta and vicinity, by exchange of stock, for $. V. 76.
Irvin L. Stone.
The gas company, however, maintains a separate organization. p. 1406.
(2) Atlantic & Suburban Ry.
In Nov. 1914 Georgia RR. Comm. auth. the issuance of $160,000 ref.
and impt. 5$. V. 99, p. 1528.
ORGANIZATION.-Incorporated in New Jersey Dec. 7 1908 as a reorganization of the Atlantic City & Suburban Traction Co.. sold under
fore"
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. closure of 1st mtge. V. 87. p. 1237. 1532.
Common ($100)
Q-F
$8,514.600
See text
Preferred 54V non-cumulative
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
5 Q-J
2,400,000
See text
$2.400,000(par $100)
Stock,2750,000($50)
$150,000
Ref & imp mtge $20,000,000 1909
5 g J-J
3.656,000 Jan 1 1949 First mortgage. $650,000 1909
4 g F-A
591,100 Aug 1 1929
e* Int. at Amer. Trust Co., Boston, Trustee
gold ($1,000)
($1.000)
0'0 Int. at Cambridge Tr. Co., Chester, Pa., Tr.
First cons mtge $11,000.000 1902 5 g J-J
5.860,000 Jan 1 1932 Prior lien M,$100,000, guar _-_5%
• 100.000 Feb 1 1925
Int. at Old Colony Trust Co., Boston, Trus.
gold sink fund (51,000)p & I, by A 0 & S Co_ tf
Atlanta Street Railroad first 1890 6 g J-J
225.000 July 1 1930
Bonds.-Bonds have no sinking fund. V.87. P. 1237.
mortgage gold (par $1,000) Int. payable in N. Y. at Fourth Nat. Bank.
Central Trust Co., N. Y., Trustee.
EARNINGS.-For calendar year 1914.gross,$84.989; net,$21.483;0thst
Atl Cons St Ry 1st consM$2.- 1899
5 g J-J
1,975,000 Jan 1 1939 income, $3.289; taxes & int.. $34,791; deficit, $10.019.
500,000 g($1,000each).._c* Int, payable in N. Y.at N. Y. Trust Co.
and
ROAD.
at Mere. Tr.& Dep. Co. of Bait., Trustee.
-Operates 16.13 miles of track from Atlantic City to PleasantGeorgia Elee Light Co 1st M 1900 5 g J-J
1.350,000 July 1 1930 ville, Somers Point and Absecon. Standard gauge, 80-1b. T rail.-V.87.
$2.000,000, gold,subject to Interest at Old Colony Trust Co.. Boston,
P. 872, 1237, 1299, 1532; V. 88, p. 881; V. 90, p. 1424.
c*
call at 105
Trustee.
OFFICERS.-Pres., Harry E. Kohn; Sec.. J. M. Campbell; Treas.,
Atlanta Gas-Light Co, 1st M 1897
5 g J-D
1.150,000 June 1 1947
$1,150,000, g ($1,000) c* Interest at New York Trust Co.. Trustee, or Irvin L. Stone.
Bank of Scotland. London, Eng.
Bonds.-Of the $11,000,000 Georgia Railway & Electric Company bonds
AUGUSTA, GA.
(closed mtge.) of 1902. $3,850.000 are reserved to retire underlying liens.
AUGUSTA-AIKEN RY. & ELEC. CORPORATION.
balance have been retired. Red. on any int, date at 110 and int. A
sinking fund became operative in 1907 which retires $10,000 of bonds
ORGANIZATION.-Chartered in March 1906 under laws of South
each year from 1907 to 1911, inclusive; $25,000 per annum from 1912 to Carolina as Augusta & Columbia Ry. Co.; name changed to above in April
1916, inclusive, and $50,000 per annum thereafter. See V. 74, p. 629,727. 1911 and is a consolidation of the following companies:
A sinking fund of $6 60 per $1.000 bond on the Atlanta Gas Lt. Co.
Augusta-Aiken By.& Elec. Co.
I Augusta By. & Elec. Co.
is operative. Atl. Consol. St. By. bonds are red. as a whole at 107%bonds
North Augusta Elec. & Impt. Co.
, but Augusta & Aiken Ry. Co.
$25.000 in Jan. of each year for sinking fund at 105. Of the ref. & impt.
Owns and operates entire railway systems of Augusta, Ga., and North
reserved
mtge. bonds, $11,230,000 are
to retire prior liens (including the Augusta, S. C., and a line from Augusta
to Aiken, S. C. Also furnishes
$400,000 Atlanta & Northern bonds) and remainder for extensions
entire electric light and power service in Augusta and its suburbs and owns
improvements up to 75% of actual cost. Bonds are subject to call onand
valuable real estate in central part of Augusta. Railway Jranchlse in
50
days' notice at 105 and int.; a sink. fd. of 1% of bonds out began in 1910. Augusta expires 1939; electric-l
Dividends.-5% per annum is being paid on preferred stock. On corn., Interurban division is on privateighting franchise runs until 1939 or longer.
right of way. V. 92, P. 1177. Also owns
divs. have been: Aug. 1905. 2%; Feb. 1906, 2%; May 1906, 13.%
(V. 82, all securities of North Augusta Hotel Co. (owner of Hampton Terrace
P. 1040); Aug. 20, 1 Y6%. In 1907, Feb. 20. 1%%; May 20,
and Hotel). and 99% of securities of North Augusta Land Co. Likewise owns
stock div. of 33 1-3% (V. 84, p.803)' Aug. 20, 1%%; Nov. 20.I3%
1
the
common
$500,000
stock of the Ga.-Caro. Investment Co.(a holding co.
1908,6%;'09.6%;in '10,63%',in 1911,8%;in 1912. Feb..2%;May, in Incorporated in Maine).
2% •
Dividends are now paid under lease (see above).
The Georgia-Carolina Investment Co.In turn owns all the pref. and comEARNINGS.-Included in report of Georgia By,& Power Co. above.
mon stocks of the Georgia-Carolina Power Co.,incorp. in So. Caro. to conROAD.-Owns 207.71 miles of track (single-track basis). 70, 80 and struct the hydro-electric plant on the Savannah River, which was placed in
operation Feb. 6 1914 with an initial installation of 14.000 h. p., ultimate
00-lb. rails. 346 passenger and 21 other cars. 2 power stations.
capacity about 28,000 h. p. Operation of this plant was taken over by the
OFFICERS.-Pres., F. E. Block; V.-P., T. K. Glenn; Sec. &
Augusta-Aiken By.& El. Corp. on July 11914. The company guarantees
W. H. Wright.-V. 94, p. 123. 350. 559, 082, 1119, 1563; V. 95, p.Tress.
1122, prin. and int. and sink, fund on the Ga.-Carolina Pow. Co. 1st M. 53.
1207; V. 96. p. 716, 1021; V. 97. p. 521; V. 98, p. 304, 386; V. 99, p. 1528;
On June 23 1915 the stockholders authorized an increase in the 6% cum.
V. 100, 13. 733.
pref. stock from 11,500.000 to $2,250,000, the new stock being issued in
exchange for the 750,000 pref. stock of the Georgia-Carolina Invest. Co.
Northern
Railway
Atlanta
Co.-A trolley road.
(a)
V. 100, p. 1830,• V. 101. p. 283.
On Dec. 29 1914 the So. Car. RR. Comm.adopted a resolution reaffirmORGANIZATION.-Entire stock is owned by the Georgia Railway &
ing the order of Nov. 12, which allowed the company to increase its passenElectric Co., which guarantees the bonds.
ger rate from 1 to 2 cents a mile, beginning Jan. 1 1915. The minimum
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. faro is, however, fixed at 5 cents.
See V. 100. p. 228.
Stock,$100,000
$100,000
First mortgage $400,000 guar1 1904
5g
400.000 July 1 1954
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
($500 and $1,000) gold...c*fInt. at Old Colony Tr. Co., Boston, Trustee.
Common $2,250,000 4100)
$2.250.000
Bonds.-Are guar., p.& I., by end., by the Ga. By.& Elec. Co. Are sub- Preferred 6% cum ($100)
2,250,000
See text.
Q-M
ject to call on any in. date at 110 and int. A sink.fund of $5,000 per ann. First rntg $7,500,000 gold 1910 5g J-D
3,307,000 Dec 1 1935
($1.000)
began in 1909; 334,500 bonds are held in sinking fund but not retired.
c*Scr*tf Central Trust Co., New York, Trustee.
Augusta By & Elec 1st M gi 1900 5 g J-D
See V. 79. p. 680.
931,000 June 1 1940
$1.000,000 ($1,000) c*ntrfInt. at Mer. Tr. & Dep. Co., Bait., Trustee.
EARNINGS.-For cal. year 1914, gross, $133,422; net, $30,970; int. & Ga-Caro
Pow 1st M 35,000.taxes, $30,869; surplus, $101. In 1913, gross, $140,036; net. $35,906; int.
000
g
($500
and
$1.000)___
1912 5 J-J
2,750.000 July 1 1952
& taxes, $31,913; surplus, $3,993.
guar
ctfjCentral Trust Co, New York, Trustee.




8

ELECTRIC RAILWAYS

[VOL. 101.

Short Line,
By. & Elec. Co., was consolidated with the Bait. & Annapolisco.
below.
thus forming the Maryland Elec. Rys. See statement of that
made
Power Contract.-Having canceled the contract for supply of power
1911
Feb.
in
163),
p.
85,
in
(V.
June
Co.
1907
Power
with McCall Ferry
Co. for
entered into a 15-year contract with Pennsylvania Water & Power
supplying power in conjunction with United Railways Co. for operation of
cars. V. 92, p. 467.
of MaryFavorable Tax Decision.-On June 29 1909 the Court of Appeals
within city
land held that the park tax of 9% on gross earnings of lines
tax
further
no
that
and
taxes,
other
of
all
lieu
limits was intended to be in
authoron the intangible property can be levied without express legislativeare
held
districts
in
annexed
of
turnpikes
miles
14
in
easements
ity. The
to be taxable. V. 89, p. 44.
In April 1913 Judge Bond in the City Court at Baltimore decided that the
company must pay cost of repaving streets between tracks and 2 ft. on
either side. See V. 96, p. 1090. On Aug. 5 1913, the Court of Appeals of
obliMaryland reversed the ruling and unanimously held that company's
to re-pave.
gation with respect to the track area was to repair and not
In June 1914 the Maryland Court of Appeals, reversing the lower Court,
held that the State Roads Commission cannot recover from the electric
railway companies the cost of changing and re-locating tracks in building
the system of State highways. V. 98, P. 1995.
Date. Interest. Outstanding. Div.or Mat.
STOCK AND BONDS$20.461,200 July,'15,1%
Common,324,000,000 ($50)23,000 June'15, 25'
4 J-D
Pref, cum,$14,000,000 (350)
1949
13,977,000
4 g J-D
Inc mtge, g, $14,000,000,{ 1899
after March 1 1949.
cum, tax free, Maryland Payable at option of co.&
Sons,
Baltimore.
Brown
Alex.
at
Int.
Tr Co, Trus ($1,000) _c*tf
26,450,000 Mar 1 1949
1st con mtge, g, $38.000,0001 1899 4 g M-S Brown
& Sons, Baltimore.
($1,000); Continental Tr Interest at Alex.
Co, Baltimore, Trus__c*tf
3,920,000 June I 1936
5 g J-D
Income fdg bonds ($100,$500 1906
& $1,000), $3,920,000_cntf Maryland Trust Co., Trustee. June 1
1916
1.000,000
5 J-D
Coll trust notes $1,000,000 1914
Baltimore.
($100,$500 and $1.000)_ _c Int. at Alex. Brown & Sons,
Trustee.
Balto.,
Tr.
Co.,
&
Deposit
Safe
notice
days'
30
int
&
Red par
AUSTIN, TEX.
UNDERLYING SECURITIES.
1,500,000 Nov 1 1929
5 M-N
road.
trolley
AUSTIN STREET RY.-A
Baltimore Traction-lst ($1,- 1889
Bank,
000) mtge; Trustee Mercan Interest at National Mechanics'
ORGANIZATION.-Incorporated in Texas on Jan. 3 1911 as successor
Baltimore.
_cntf
Co
Deposit
&
tile
Tr
in
1942.
to the Austin Electric Ry. Franchise expires
1
June
1942
1,750,000
-D
J
g
5
1892
N B Div 1st ($1,000) 5s, g;
Bank, Baltimore
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
TrusMerTr&DepCo.cn tf Int. at National Mechanics
$560,000 See text.
June 1 1922
3,000,000
J-D
g
5
Common $750,000 ($100)
1892
BondsRy
Suburban
City &
250,000 See text.
& Sons, Baltimore.
Pref $500,000($100)6% n-c1st mtge. g ($1,000) ____tf Int. at Alex.&Brown
786,000 Jan 1 1936
Trust Co., Balt., Trustee.
First & ref mtg 31,500.0001 1911 5 g J-J
Safe Deposit
500,000 July 1 1916
c*tf!Int. at Equitable Trust Co., N. Y., trustee. Baltimore Catonsville & MU- 1896
gold (31.000)
5 .1.4
Co., Bait., Trustee. Int.
Bonds.-$714,000 1st & ref. bonds are reserved for additions, &c. They
colt's Mills-lst mortgage, Safe Dep. & Tr.
at National Mechanics' Bank, Baltimore.
ntf
$500,000, prin, g
are subject to call on any Int. date at 10234. Annual sinking fund of 2%
1,000,000 Sept 1 1942
5 g M-S
of bonds out begins in 1915. V. 92, p. 185; V.93, p. 1461.
Lake Roland Elevated-lst 1892
mortgage, gold Interest at .Alex. Brown & Sons, Baltimore.
Dividends.-6% is being paid on pref. and 4% on common stock.
consol
Trustee.
Co.,
Trust
Baltimore
tf
csetr
Int.
3109.640;
net,
($1,000)
$262,069;
gross.
EARNINGS.-For cal. year 1914,
700,000 May 1 1932
5 g M-N
Consol mortgage 1892
Central R
and taxes, $48,833; sink. fd. and deprec'n, $15,730; surplus, $45,076.
Interest at National Mechanics Bank, Bali.
ntf
($1,000)
gold
3700.000.
cars.
ROAD.-Operates 20.95 miles of track. 55 and 72-1b. rails; 38
Mercantile Tr.& Dep. Co. of Balt., Trustee.
600,000 Mar 1 1932
5 g M-S
Ext and imp 1st mtge. 1897
OFFICERS.-Pres., W.J. Jones; V.P. F. H. Watriss: Sec., A. L. KaiTrust Co., Baltimore, Trustee.
loch; Asst. Sec., G.P. Gannett, Augusta, Me.; Treas., E. P. Wilmot; Asst.
$600,000. g ($1.000)- ntf Baltimore
Bank, Balt.
Mechanics'
Nat.
at
Interest
526,
93,
p.
V.
185;
P.
Me.
92.
-V.
Augusta,
Macomber,
Treas., G. E.
is all that
Stock.-The preferred stock reported above as outstanding
1461. 1531.
been converted
remains of the original issue of $14,000,000, the rest having
!Into income bonds. Corn, stock listed on Baltimore and Philadelphia
BAKERSFIELD, CAL.
Stock Exchanges. V. 96, p. 1631; V. 97, p. 667. bonds 328.950.000 have
Bonds.-Of the $38,000,000 of 1st consolidated
pledged
SAN JOAQUIN LIGHT & POWER CORP.
(of which $1,167,000 are in treasury and $1,333,000
as a consoli- been issuedfor
to retire underlyting
ORGANIZATION.-Incorporated in California in July 1910
the two-year notes.); $9,050,000 set asideany
security
as
Light
&
Transit
int. date at par
the Power
bonds are redeemable on
dation of the San Joaquin Light & Power
funding
Income
securities.
Sc Electric Co. Absorbed the and accrued int. All bonds are listed on Bait. Stock Exchange and the
Co..
Co. (Bakersfield) and the Merced Falls Gas
Stock Exch.
Selma Water Works, Madera Water Works, Madera Lt. & Pow. Co., Lem1st consol. 4s and $14,000,000 income 4s are listed on Phila.
more Lt. & Power Corp. and Bakersfield Gas & Elec. Lt. Co. Franchises in $8,000 Central By. 1st cons. 5s are In U.rtys. & El. Co.'s treasury. The col,
beyond
& accrued
par
at
Red.
4s.
M.
cons.
1st
$1,333,000
cities are perpetual; outside of cities, with two exceptions, extend
by
secured
13 on priv- trust notes are
subj. to right of conversion. If only part of the
1950. About one-half the total length of transmission linescounties
of the int. on 30 days' notice,
called will be redeemable by lot. Notes may
notes
ate right of way. Operations extend into the seven principal
the
redeemed,
is
notes
Furand incl. Mar. 1 1916,
San Joaquin Valley, a territory 195 miles long and 78 miles wide. combe converted into common at par any time up to
nishes power to the Midland Counties Public Service Corp. (See that
when the right to convert will cease 5 days prior to date named for conver1849).
pany In V. 98,
p.
1995).
98,
(V.
sion
p' the Calif. RR. Comm. auth. the issue of $1,582,000,
On May 4 1915
and 234%
DIVIDENDS.-Dividends of X of 1% were paid in June 1899Dec.
of the
1903,
Series C,6% 1st & ref. mtge. bonds in connection with its approval
and including
2-year coll. in Dec. 1899, and 2% each six months after that to
financial plan (outlined in V. 100, p. 738) to retire the $954,000the
the stock
on
payment
the
stock,
pref.
the
Series B on both the income bonds and
notes which matured Aug. 1 1915. Under the plan holders of
of X of 1% for taxes.
deduction
a
to
subject
being
bonds)
the
on
not
int.
(but
1%
additional
for
calling
5% bonds outstanding may receive coupons
June and December 1905 and
Payments due June and December 1904,
and
upon payment of a premium of $100 per $1,000 bond.
June 1906 omitted, and in 1906 coupons for these dates were funded,
up to
Interest. Outstanding. Maturity. subsequent coupons were in like manner funded as they matured
STOCK AND BONDS- Date.
bonds
Income
both
on
2%
paid
1911
1
June
On
1910.
$11,000,000
and including Dec.
Common $15,000,000
six
6,500.000 See text.
_ Q-J 15
and pref. stock; Dec., 2%. In 1912. June, 2%; since then 2% each
Pref. $10,000,000($100)6%cum.
4,724,000 Aug 1 1950 months. On corn. 1st div.-134%-paid May 1912; Nov., 134%. In
1st & ref mtge 325,000.000 g1 1iii0 5-6 F-A
1915,
In
In
4%.
1%.
1914,
Oct.,
Y.
N.
1%;
in
int.
trus.;
(quar.).
Y.,
N.
1913, April, 2%; July
($1,000) sink ftmd_c*&rtf Equit. Tr. Co.,
2,683,000 June 1 1945 Jan., 1%; Apr., 1%; July, 1%.
San Joaquin L & P Co 1st M 1905 5 J-D
$3,000,000 s f ($1,000)__c* Redeemable at 110 and interest.
ROAD.-Miles of track,404.6; cars, 2,001; gauge,5 ft. 434 inch. Rails.
1942
99,000
__ ---- 5%
Ban Joaquin Power Co
9-in. and 12434-lb. girder. Capacity,of (4) generating sta96,000 June 1 1933 70-1b. T and k.w.:
Power Trans & Lt M 32,508,-1 1903 5 g J-D
capacity of (5) sub-stations, 36,000 k.w.
tions, 42,155
trustee
Francisco,
San
Co.,
Trust
!Mercantile
000 gold ($1,000)
REPORT for the year ending Dec. 31 1914 in V. 100, p. 1433. •
84,000 July 1 1931
Bakersfield & Kern Elec Ryi 1903 5 g J-J
1911.
1912.
1913.
1914.
trustee.
$250,000 gold ($1,000.....c(Union Trust Co., San Francisco,
30,250,194 30,203,185 29,472,537 28,698,339
14,000 Periodically Car miles run
6 F-A 15
Bakersfield Gas & Elm Lt mtg
161,467,727
172,233,341
182,180,767
185,296,350
ths
pa.ssengers
Revenue
Stock.-Capital stock cannot be increasedwithout assent of three-four
77,102,879 74,634,030 69,344,828 64,643,636
Transfers
of stock of both classes.
$9,203,839 $9,046,492 $8,571,489 $8,025,758
Bonds.-Of the 1st & ref. bonds of 1910 reportel outstanding, 31,500,000 Gross earnings
3,681,093
3,868,876
4,146,431
4,312,439
are Series A 6s;$2,909,000 are Series 13, bearing parity 55' and partly 6%,in Operating expenses_ _ _ _
accordance with plan as above, and $315,000 are Series C 6s. In addition,
$4,891,400 $4,900,061 .34,702,613 $4,344,665
Net earnings
$142,000 Series B and $1,160,000 Series C are in treasury. Remainder can Other
2,640
5.515
6,945
24,721
income
be issued at not exceeding 6% int. for additions, improvements, &c., at
85% of cost under certain restrictions. Series A callable at 10234, others
$4,916,121 $4,907,006 $4,708,128 34,347,305
Total income
at 105. First and refunding mortgage contains sinking fund provisions
Deductionscalling for the retirement of $100,000 Series "A" each year from 1915taxes.. $3,030,327 32,987,468 33,004,415 32,919,686
1924 inclusive, thereafter ranging from 234% annually of bonds out from Fixed charges and
450,944
August 1925-1930, incl., to 434% annually from Aug. 1945-1949, incl. Extraordinary expend's_
428,574
530,226
469,395
Depreciation
V. 91, p. 1332.
38,056
37.950
37.950
Exting.(thin. on SPellrQ_ _
560.000
560.000
560,000
EARNINGS.-For calendar years:
560,000
Income bond 'merest_
Net
Interest
Balance,
Exps. Maine.
Gross
%)791,362 *(3)463.050
Calendar
_
Charges.
Surplus. Common dividends__ (4%)S18,448(4
'Taxes. Earnings.
and
Year- Earnings.
$611,769
$483,091
$703,015 $1,144,860
$1,847,875
1914
34,916.121 $4,907.006 34.031.045 $3,930,630
Total deductions.._
$214.032
905,661
425,633
480,028 Balance,surplus
None
$416,675
833,650
1,739,311
1913
None
1912 were not specifically declared out of earnduring
in
powerpaid
* Dividends
Bakersfield. Operates
PROPERTY.-Operates street railway
and loss account but are
houses with 42.650 K.W. capacity. Operates 2.400 miles of transmission ings for that year. They were charged to profit
hero shown for the sake of comparison.
&c.. lines. Does gas business in Bakersfield, Merced and Selma.
OFFICERS.-Pres., William A. House; V.-P., Frank A. Furst; 2d V.-P.,
OFFICERS.-Pres., W.0. ICerckhoff; V.-P., A. 0. Balch! sec„ L, M.
A.
G.
Mgr.,
Gen.
96,
Peat;
Wishon.-V.
and Gen. Mgr., Thos. A. Cross; Sec., William Early; Treas., J. T. Staub;
Farnham; Treas. & Comp., A. E.
667.
p. 139, 558. 1093, 1368; V.97, D. 241,732: V.98. p. 693. 1698, 1854; V.99. Arid., N.E.Stubbs.-V.96, p. 1090,1158. 1223, 1631, 1841; V. 97, p,
952; V. 98, p. 157, 525, 1241, 1610, 1695, 1769, 1847, 1921, 1995; V. 99,
p. 174, 411; V. 100, p. 145, 479, 738. 1511, 1673, 1753; V. 101,p, 218.
1433.
p. 50, 982, 1350,
BALTIMORE, MD.
(1) Baltimore Sparrows Point & Chesapeake Ry.
ORGANIZATION.-In Jan. 1903 was leased for 999 years to the Un.
Street railways of Baltimore pay a park tax of 9% of gross earnings within
which guarantees the bonds below, both
City Limits, except on turnpikes and private rights of way, and are required Rys. & Electric Co. of Baltimore,
See V. '79, p.
to principal and interest, and also owns all of the stock.long
as
side.
to pave between tracks and two feet on each
connecting
track,
including a line 22 miles
single
2643. Has 33.562 m.of
Baltimore with the Maryland Steel Works at Sparrows' Point, and extendhave
resorts
summer
where
Bay,
OF
-Trolley
Chesapeake
CO.
of
BALTIMORE.
shore
the
along
ELECTRIC
&
ing
beyond
UNITED RAILWAYS
ORGANIZATION.-Incorporated at Annapolis March 4 1899. Com- been established.
Maturity.
Outstanding.
and
City
Interest.
County
Baltimore
Baltimore
Date.
in
prises all the passenger railways
STOOK AND BONDS$400,000
and lines extend into Anne Arundel County and Howard County. Through Stock, $2,000.000
434 g F-A 2,000,000 Feb 1 1953
First mtge.. $2,000.000. gold{ 1903
the present and previous consolidations, embraces the following:
Trustee.
Baltimore,
Co..
Trust
Fidelity
prin(31,000) guaranteed,
Baltimore Catonsville & Ellicotts Central Railway Co.
cipal and interest___c* tf Interest at Alex. Brown & Sons, Baltimore.
Gwynn's Falls Railway of Baltimore
Mills Passenger RR.
V.
Elec.
80. p. 221.
&
Rye.
United
City.
REPORT.-Operations included In
Baltimore City Passenger By. Co.
Maryland Traction.
Baltimore Consolidated By. Co.
(2) Baltimore Halethorpe & Elkridge Ry.
Pikosville
RR.
&
Pimlico
By.
Bay
Curtis
&
Baltimore
ORGANIZATION.-Incorp. on Dec. 26 1905 In Maryland. Stock.
Balt. Gardensville & Belair Elec. Ry. Shore Line Electric By.
made a 3300,000 mtg. ntf to Fidelity
Baltimore & Northern Elec By. Co. Walbrook Gwynn-Oak & Powhatan. $100.000; outstanding. 310,000. Has
Co. of Baltimore. trustee. 20-year 5% bonds, prin. and int., payable
Trust
the
of
Sparrows
Baltimore
lease
a
the
all
and
hold
owns
stock,
Also
guar. by United Rys. & Elec. Co.
not
Balt.*
Sons,
&
Brown
at Alexander
Point & Chesapeake By. Co.
' which is operated by United Rye. &
Allied Company.-In Aug. 1906 the Maryland Elec.Ry., which had agreed None out. Owns 2.961 miles of road,
p.
543.
87,
United
Co.
-V.
the
Elec.
of
and
acquisitions
for
improvements
needed
to provide funds

in treasury.
Bonds.-Of the $7,500,000 1st mtge. bonds, $287.000 are
and balance is
$967.000 are reserve to retire Aug. Ry. & Elec. bonds sinking
fund) at
for additions, &c. Subj. to call as a whole (or in part for
is payable
105 and Interest on any interest day,on 30 days' notice. Interest
in 1916 provides
at Redmond & Co., New York. Sinking fund beginning
to $40.000, $50,000
for payment of $25,000 per ann. 1st 5 years, increasing
of bonds.
and $65,000 for each successive period of 5 years until maturity
in 10, 20 or 30
V. 92, p. 1177. Augusta Ry. & Elec. bonds can be calledfund
X,
is X of 1,
years from date at 105 and int. on 6 months' notice;sinking
beginning June 1 1905 for 15 years, 1% for next 10 years and 2% for remaining 10 years. $69,000 was held in sinking fund Sept. 15 1915. part for
The Ga.-Caro. Pow. bonds are subj. to call as a whole, or in
to
sic. fd. at 105 and Int. Sk. fd. beginning with 1918 will be sufficient
retire all the bonds at maturity. They are guar., p., 1. & s. f., by Aug.V.
Corp.
170.
95,
Elec.
P•
&
Ry.
Aiken
Dividends.-Initial dividend on preferred-134%-paid Dec. 30 1911.
same rate quarterly to and incl. June 1914. None since.
REPORT.-For year end. Dec. 31(1914 report in V. 101, p. 283):
Balance,
Preferred
Interest &
Net (after
Gross
Cal.
Surplus.
Dividends,
Sink. Fund.
Taxes).
Year. Receipts.
$16,524
(3%)$45,000
$282,963
$344,487
1914 __.._$738,373
26.818
(6%) 90,000
205.171
321,989
1913 ____ 725.073
after
net,
$384,193;
gross,
31
1915,
July
end.
Latest Earnings -For 7 mos.
taxes,$184,374;other Inc.,$13,230;int.& sic. fd.,$211,754; deficit,$14,150.
miles
28.92
ROAD.-Owns and operates 53.2 miles of track, of which
are city lines and 24.28 miles interurban between Augusta and Aiken, 60
to 100-1b. T rails. Standard gauge. Owns Lake View Park on Lake
Olmstead.
OFFICERS.-Pres., F. Q. Brown; V.-P., J. H. Pardee and E.G. Deal
Sec. and Treas.. D. H. Thomas; Mgrs., J. G. White Mgt. Corp.-V. 93.
p. 1724; V.94, p. 205,• V. 95, p. 175, 234. 360, 1121, 1683: V. 96. p. 1224;
V. 97. p. 116. 1114; V. 98. p. 154, 692, 1243, 1310; V. 99, p. 814; V. 100.
p. 228, 1830; V. 101, p. 283.




SEPT., 1915.]

ELECTRIC RAILWAYS

THE MARYLAND ELECTRIC RAILWAYS CO.
ORGANIZATION.-In 1906 the charter
the Maryland Elec. Ry. was
acquired by interests friendly to the Unitedof
Rys. Elec, for the purpose,
among others, of using that company to finance theSr
needs the United Rys.
& Elec. Co.for additional property, and charter amendedofby
Legislature in
1906 to adapt it to that purpose. In Aug. 1906 was consolidated with the
Baltimore & Annapolis Short Line, which latter line has since been electrified. The Maryland Electric Rye. then acquired car-barn sites,
terminals,
&c., and is erecting buildings, constructing extensions, purchasing
equipment, &c., which is leased to the United Ry. & Electric Co. for an annual
rental of 6% upon the actual cost of the property. At maturity
of the
$8,000,000 bonds of The Maryland Elec. Rye., the United obligates itself
to purchase the property so leased at a sum sufficient to retire
bonds.
See plan in foil in V. 83, p. 156. There is no guaranty endorsedthe
but the terms are such that rental will be more than sufficient to on bonds.
est. Stock listed on Baltimore Stock Exchange in Feb. 1908. pay interSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity
Stock, $1,200,000 ($50)-$1,200,000 July'08, 1
First mtge, $8,000,000, gold' 1906
4,489,000 Oct 1 1931
5 g A-0
($1,000), sinking fundc*tf[Mercantile Tr. & Dep. Co., Bali., Trustee.
Baltimore & Annapolis first! 1906
1,000,000 Aug 1 1946
5 g F-A
mortgage,$1,000,000- tt Fidelity Trust Co.. Baltimore, Trustee.
Interest at Alex. Brown & Sons. Baltimore.
Bonds.-A sinking fund of 1;4% on Maryland Elec. Ry. 1st mtge. bonds
out began Mar. 30 1910. Bonds are redeemable at 110 and int. on any int.
data upon 90 days' notice. Interest payable at office of Alex. Brown &
Sons. See V. 83, p. 818, 970.
Dividends.-First dividend (1X%) was paid in Jan. 1907 and 2% was
paid July 1 1907. In 1908, Jan., 1%;July,1%;none since to Sept.
1915.
ROAD.-Operates 25.3 miles of track from Cliffords to Annapolis, which
has been converted to electricity. An extension known EIS the St. Paul St.
Bout. line was completed in 1907; it is leased to United Rye. & Elec. Co.
OFFICERS-Pros., John Wilson Brown; V.-P. &
Mgr., T. C
Cherry; Sec., Austin McLanahan; Treas., A. T. Norris.Gen.
-V. 85, p. 1577;
V. 86, p. 337, 1159; V. 88, p. 686; V. 98, p. 1608, 1694, 1767.

BANGOR, ME.

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Barre & Montle Trac 1st M g 1897
100,000 Nov 1 1917
5 g M-N
$100,000 ($500 eacn), not{ Int. at American
Tr. Co., Boston, trustee.
subject to callt
Consolidated Lighting Co_ ___5 J-J
584,000 Jan 1 1928
Vermont Power & Ltg Co _ _ _ --____ 5 M-S
350,000 Mar 1 1927
Corry-Deavitt-Frost El Co_
6 M-S
115,000
1 1930
Stock.-$2.500,000 pref. stock is reserved for conversion Mar
of 1st ref.
mtge. bonds.
Bonds.-The above bonds of light and power companies are assumed
bf the Montpelier & Barre Light & Powe: Co. The 1st ref. bonds are
convertible at holders' option into pref. stock
at par on and after Mar. 1
1916. Red. as a whole at 105 and int. on any int.
date on 4 weeks' notice.
$1,049,000 bonds are reserved to retire underlying bonds;
reserved
for the acquisition of the Waterbury Light & Power Co.$300,000
and $9M,000 for
additions and improvements at 75% of cost.
Dividends.-A div. of $2 50 was paid on the pref. stock Apr.
1 1913,
covering the 5 months from date of organizatio
Nov. 12 1912 to April 12
1913: 31 50 paid July 15; Oct.. $1 50. Inn on
$6.
1914,
1915,
In
Jan.,
$1 50; April, $1 50.
EARNINGS.-For year ending Dec. 311914, gross, $360,404;
net,
after
taxes, $182,374; int. and rent, $93,019: surplus,
$89,355.
ROAD.-The Barre & Montpelier Trac. & Power Co.
owns 9.75 miles
of track, between Barre & Montpelier. 58-1b. rail.
T
Gauge 4 ft. 8% in.
OFFICERS.-Ch.of Bd. of Directors, C. H.Tenney;
Pres., A. B. Tenney; Y.-P.. D.Edgar Manson; 2d V. P., II. T.Sands; Clerk, H.P. Wood;
Treas., E. A. Bradley; Asst. Treas. and Aud..
H. A. Gidney.-V. 95.
p.1331; V. 97, p. 668; V. 99, p. 1578; V. 100.
p. 144, 313. 1082.

BATON ROUGE, LA.

BATON ROUGE ELECTRIC CO.
ORGANIZATION, &c.-Organized in Louisiana;
does entire electric
railway, electric-lighting, power and gas business
in Baton Rouge. Railway franchise expires 1940; gas 1942. electri9-ligh
ting and power 1988.
V.88,p.881.
In April 1915 issued $150.000 3-year 6% coupon
and $100,000
additional let M. bonds for the construction of a 2,000notes
h. p. steam power
station. V. 100, p. 1508.
STOOK AND BONDS.
Date.
Interest. Outstanding. Maturity •
Common, $500.000 ($100)$300.000
Pref, $250,000 ($100) 6
_
J-D
200.000 June'15,3%
let mortgage, 3'750,000, goldl 1909
5 F-A
491,500 Feb 1 1939
($500 and $1,000)___c*_ ttf Int. at Old Colony Trust
Co., Boston,trustee
Coupon notes gold
1915 6%
April 1 1918
Stock.-Div.on pref. is cumulative after June 1912. 150,000
Redeemable at 110.
Bonds.-323,500 bonds, not incl. in amount outstanding
,are in treasury of
company; remaining bonds may be issued at not to exceed
80% of cost of
additions and improvements. May be called, in whole or in
part, at 105
and int. on any int. day. Sinking fund of 1% per ann. of
bonds out began
Feb. 11914. $8,500 canceled.
Dividends.-On pref., 3% s.-ann. from Dec. 1911 to and incl. June
1915.
EARNINGS.-For 12 mos. ending June 30 1915, gross, $180,955; net,
after taxes, $70,132; interest, $20,765; sink. fund, $4,461; surplus,
$44.906.
ROAD.-Operates 6.23 miles of track in form of a single belt through
Baton Rouge; 13 cars; standard gauge.
OFFICERS.-Pres.. Harry Pi. Hunt; V.-Ps., Edw. Godchaux and Guy
L. Weymouth;Sec., Alvah K.Todd;Treas., Henry B.Sawyer; Gen.
Stone & Webster Mgt. Ass'n; Mgr., Donald Stewart.-V.84, p. 506; Mgrs..
V.88.
p.881; V.89, p. 720; V. 100,p. 1508.

BANGOR RAILWAY & ELECTRIC CO.
ORGANIZATION.-Incorp. Feb. 16 1905 in Maine and is a consolidation of the Bangor Orono & Old Town Ry.. Bangor Hampden & Winterport Ry., Public Works Co., Old Town Electric Co., Brewer Water Co.
and Penobscot Water & Power Co. On Feb. 1 1907 purchased the Bangor
& Northern RR. V. 82, p. 333. Owns the entire capital stock of the
Bangor Power Co., also the entire capital stock, with the exception of one
share, of the Bar Harbor & Union River Power Co., and all the capital
stock of the Orono Water Co. Owns and operates without competition the
electric railway lines in Bangor and Brewer and the lines connecting Bangor
with Hampden, Orono, Old Town, Charleston and intermediate towns.
Also the entire electric lighting and power business of Bangor, Old Town,
Milford, Orono Brewer, Hampden, Veazie, Kenduskeag and Orrington,
with the exception of the municipal lighting in Bangor, and furnishes the
water supply to Veazie, Old Town, Stillwater, Milford, Great Works
and Brewer. In addition to the above,the company,through its controlled
companies, does the entire electric lighting and power business in Ellsworth,
Blue Hill and on Mt. Desert Island. Also furnishes the water supply
to
Ellsworth and Orono.
Franchises.-Franchise for about 8 miles of track in Bangor expires
in
1937; franchise covering operation of 2 miles of track in the city of
Brewer
expires in 1940. All others are perpetual.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$2,000,000 ($100)$2,000,000 Aug'15, %
BEAUMONT, TEX.
Pref $1,500,000 7% cum($100 ____
1,500,000 Oct.'15, 1X
7Q J
EASTERN TEXAS ELECTRIC CO.
let cons M,gold, $2,000,000. 1905
5 g._J-J
2,000,000 July 1 1935
ORGANIZATION.-Incorp.in Maine in Dec. 1911 and owns the stocks
($500, $1,000)
c*tf Guaranty Trust Co., New York, Trustee.
Pub Wks Co,1st,gold.3600,- 1899
5 g A-0
599,000 April 1 1929 and bonds of the Beaumont Electric Light & Power Co., Port Arthur Light
000 ($500. $1.000)__ c*ntf Int. at Old Colony Trust Co.. Boston,
Trus. & Power Co. and Port Arthur Ice & Refrigerating Co., which do the entire
Bar liar & Un R Pow Co 1st/ 1907
5 M-S
308,000 Sept 1 1935 electric-lighting and power business in Beaumont and Port Arthur and the
& ref.$2.000,000($1.000)c* Commercial Trust Co. Phila.. Trustee.
ice-manufacturing and refrigerating business in the latter city, and also of
the Jefferson County Traction Co., which in Dec. 1913 completed
t
an interBar Harbor Electric Light Co 1901
4X M-N
100,000 May 1 1921 urban electric railway between Beaumont and Port Arthur, a distance of 20
c ntf Int. at Portland Nat. Bank, Portland, Me. miles. Franchises in Beaumont expire in 1963;in Port Arthur in 1943.
$100,000($500)
The
Bangor Power Co. 1st mtge, 1911
railway is chiefly on private right-of-way. In June 1913 purSee text
1,270.000
1 1931 interurban
$2,500,000 ($1,000)_ _ -c*tf Int. at Union Trust Co., N. Y.Sept
chased the $600,000 stock and $200,000 of the $600,000 bonds
Trustee.
of the BeauOrono Water Co, first mort- 1905 4X J-J
mont
Traction
Co.,
with
a
operating
view
to
60,000 July 1 1925
that road in connection with
gage, gold, not subject to Int. at Portland (Me.) Nat. Bank.
the Jefferson County Traction Co. V. 96, p. 1629.
call ($500)c*nti
Safe Dep.& Tr. Co.,Portland. Me.,Union
STOOKS AND BONDS. Date.
True.
Interest. Outstanding. Maturity.
Bonds.-The first consol. bonds are subject to call on 60 days'
Common,$2,000,000 41001_
$1,400,000
107;4 & int. on any int. date. Int. at office of trustee, N. Y., ornotice at Pref
cum 32,000,000(3100)_
Eastern
6% J-J
1.400.000
See text
Trust & Bkg. Co.. Bangor. See particulars, bonds, property,
V. 1st mortgage collateral trust 1912 5 g M-N
1,040,000 Nov 1 1942
87. p. 1009. The Public Works Co. bonds are not subject to &c.,
gold( $500&31,000)0&r tt Int. at State St. Tr. Co., Boston.
80, p. 2456. $1,000 not reported outstanding owned by Bangorcall; V. Coupon
trustee.
notes
Ry.
$500,000
&
gold
1913 6 g J-J
500,000 July 1 1916
Elec. Co. $953,000 Bar Harbor & Union River Power Co. bonds
($500& 31.000)
have
c* tf Int. at State St. Tr. Co., Boston, trustee.
been issued, of which $629,000 are deposited under Bangor
Ry.
Beaumont
&
Traction
Elec.
1st
MI
1909
5
300.000
1st cons. M., $16,000 are owned by that co. and 3308,000 in hands
1943
$600,000
tfjInterstate Trust & Banking Co., Trustee.
of
public. Of the remainder,$100,000 are reserved to retire Bar Harbor
Stock.-Pref. stock is callable at 110. $50.000 in treasury
Elec.
(in addition
Light bonds and $947,000 for extensions, &c., at 85% of cost
of
amount
to
shown
same.
above).
They are guar., p. & I., by Bangor Ry. & Elec. Co. and are subject to
Dividends.-6% Is being paid on the preferred stock.
call
at 107A and int. on any int. date on 60 days' notice. Interest
at Merrill
Bonds.-Authorized amount of bonds not limited. $160,000 in treasury
Trust Co., Bangor; also at J. & W. Seligman & Co., N. Y. Trustee
in
addition to amount outstanding as above. Additional bonds
of
Bar Harbor Elec. Light Co. bonds is Union Safe Deposit &
be
Trust Co., issued for 75% of cost of acquisitions, trapts., add'ns, &c., under may
certain
Portland, Me, Of Bangor Pow. Co. let M. bonds, 3750.000 Series
restrictions. Callable as a whole (or in part for sk. fd.) at 105 and
int.
out), bear int. at 4% to Sept. 11916; 4;•6 % to Sept. 1 1921 and 5% A (all Sink.
yearly
of
therefd.
bonds
1%
out,
begin.
Nov.
1 1917. Coup. bonds in de
after to maturity. Series B,$1,750,000 auth. (Int., 5%),
issued, nom. of $1,000 and $500 and reg. bonds of $5,000 and multiples. V. 95.
of which $508,000 outstanding and $12,000 in treasury of$520,000
Bangor Ry. & p. 1745. The 3-year coup. notes are red. at 100 & Int. on 30 days' notice.
Elec. Co. and $1,230,000 reserved for extensions, betterments, &c., at
85%
EARNINGS.-For 12 mos. ending June 30 1915, gross, $672,518; net,
of cost of same. Subject to call at 105 and int. on any int. date on 60 days'
after taxes, $287,228; interest, $104,567; surplus, 4;182,661.
notice. No sinking fund. Both series guar. p.& I. by Bangor Ry.&
El.Co.
Dividends.-5% per annum paid on the old stock (all of one class)
PROPERTY AND PLANTS.-The elec. light & power generating plants
from
Oct. 1 1905 to Oct. 1909, when 1;i% (quer.) was paid, which rate
con- serving Beaumont and Port Arthur have a present combined capacity of
tinued to Oct. 1910. In 1911 7%. In 1911 stock was increased was
and new 5,700 k.w.; ice plant at Port Arthur. as recently enlarged, 75 tons of ice per
prof. stock was created, on which 1X% has been paid quar. from Jan.
day; street ry. in Beaumont operates 28.77 miles single track and 2.63 miles
1912 of
to and incl. Oct. 1915. On common initial div. of 3i% was paid May
trackage with 77 motor cars and 4 other cars and power station
1
about
1914; Aug., 14 %;Nov.,;4 %. In 1915, Feb., 14 %;May,;4 %;Aug., %.
800 h.p. The 20-mile electric railway between Beaumont and PortofArthur
3
Latest Earnings.-For 12 mos. end. June 30 1915, gross, $780,504; net, was formally opened on Dec. 15 1913. V. 97, p. 1822.
after taxes, $405,397; int., &c., $211,518; pref. dive. (7%),
OFFICERS.-Pres., Marshall M. Phinney; V.-P., Guy L. Weymouth:
$105,000;
surplus, $88,879.
Sec., C. M. Clark; Treas., El. B. Sawyer.
Mgrs., Stone & Webster
REPORT.-For years ending Dec. 31. Pass. carried in '14. 7,448.063. Mgt. Assn.-V. 93, P. 1791; V. 94, P. 1766;Gen.
V. 95, p. 1210. 1745; V. 96,
Calendar
Gross
Net (after Interest, Pref. Div. Balance, P. 1627, 1629; V. 97. p.49, 1822.
YearEarnings. Taxes).
ctc.
(7%).
Surplus.
1914
$777,752 $402,633 $209.118 $105,000
$88,415
1913
BENTON HARBOR, MICH.
•
764,085 417,573
207,584
105,000
104.989
BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.
ROAD.-Operates 65.33 miles of track in Bangor and Brewer, Me.,and
from Bangor to Hampden, to Orono, to Old Town and to Charleston.
ORGANIZATION.-Incorporated in Michigan in Jan. 1906 and Is a
conRails, 48 to 90-1b. girder and T standard gauge. 53 pass. and 22 freight solidation of the Benton Harbor & St. Joseph Electric
Ry. & Light Co.
cars, 3 gravel cars, 7 snow-plows and 1 sprinkler. Power stations
have total and the St. Joseph River Traction Co.
capacity of 17.700 h. p.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
OFFICE RS.-Pres„
; V.-P., Frank Stillman Jr.; Clerk
Common ($100)
$800,000
& Treas., Howard Corning. Under management of E. W. Clark & Co.
- Preferred, $100,000 ($100)-__ ____
6 F-A
V.84.p. 338: V.87. p.1009: V.89, p.777; V.92,9.1374; V.93. p.468,1724:
400.000
See text
Refund mtge 42.500,000 gold 1909
5 g M-N
V. 98. p. 1243. 1438.
400,000 June 1935
($500 and $1,000)
c Interest at Columbia Tr. Co., Louisy..trust.
1st cons M,$1.000,000, gold 1906
5 g M-N
830,000 Nov 1 1935
BARRE, VT.
($500 and 31.000)
c Inc. at Columbia Tr. Co., LouLsv., trustee.
B II & J El
MONTPELIER & BARRE LIGHT & POWER CO.
& L 1st M, 1900 5 g M-S
140,000 Sept 1 1920
11200,000. gold (31.000)_ _ _ Int. at Am.Tr.& Say. Bank. Chic..
ORGANIZATION.-Incorp. in Mass. on Nov. 12 1912
trustee.
owns a controlling interest in the Barre & Montpelier Trac. & Power and
Bonds.-Of the $1,000,000 1st consolidated bonds, $170,000 are reCo.
Also
owns
served to retire prior liens.
all the stock of the Consolidated Lighting Co., Vermont Power & Ltg.
They
are
subject
to
call
on
any
int.
day at
Co..
Corry-Deavitt-Frost Elec. Co. and Molly's Falls Elec. Lt. &
The bds. of the old co. after 1910 have a sk. fd. of
per ann.
Co. On 105.
but bonds cannot be called. See V.71, p. 1268; V.72, p.$10,000
Feb. 15 1913 the business of these companies was consolidatedP.
282.
Of
and
the
ref.
leased
to Consolidated Lighting Co. for 99 years from Feb. 1 1913. Also
$1,000,000 are reserved for prior liens.
leases bonds
Waterbury Light & Power Co.
Dividends.-Pref. divs. at rate of6% per annum are being paid.
Fare Decision.-In Nov. 1914, the Vermont Supreme Court held that
EARNINGS.-For cal. year 1914, gross, $440.006; not, $157,231. In
the
company is obliged to maintain a faro not to exceed 5 cents within
the city 1913, gross, $396,936; net, $140,353.
limits of Barre and Montpelier and give transfers so long as
the franchise
ROAD.-Operates 10.36 miles of single track in St. Joseph and Benton
is In force. V.99, p. 1528.
Harbor, with extensions of 25 miles through Eau Claire to Dowagiac
and
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity. 11.33 miles to Watervliet; also operates
4.73 miles second
5.7 miles
Common $1,000,000($100)_
sidings, &c.. and 3 miles of leased line, making total mileagetrack,
$1,000.000
operated,
60.12
Prof 33.810,000 (3100) cum__
6%
1,310,000 Apr'15 $1.50 miles. 60.70 and 73-1b. girder and T rails. 44 passenger and 34 other cars.
1st refund mtge 32.500.0005 1914 ,5%
250.000 Oct 1 1944
()SPEC-MRS.-Pres. n.
Mlnary. Benton Harbor. Mich.; V.-P., Hen($100& $1,000)_-. c*ScrstflAmer. Trust Co., Boston, Trustee.
ning Chambers, Louisville,
' Ky.; Sec., L. W. Botts, Louisville.-V.82,p.333.




ELECTRIC RAILWAYS

10

[VOL. 101.

k. w. Also
cellaneous cars. Total, 337. Power station, capacity 17,700
purchases hydro-electric power.
m;
Birmingha
Bradley,
C.
Lee
-P.,
V.
Pevear;
OFFICERS.-Pres., J. S.
road.
Sec. & Treas., J. P. Ross; Asst. Sec.
BIDDEFORD & SACO RR.-A trolley19 1887.
V.-P. & Gen. Mgr., J. P. H. de Windt;
61, 1020,
p.
96,
V.
1724;
104,
p.
93,
-V.
Hawkins.
ORGANIZATION.-Incorporated Feb.
H.
N.
Interest. Outstanding. Maturity. & Asst. Trans.,
Date.
100, p. 395, 1078, 1509,
STOOK AND BONDS
$100,000 Apr.'15,4% 1772, 1838; V. 97, p. 363; V. 98, p. 1535. 1691; V.
A-0
Stock ($50) $100,000
150,000 June 1 1940 1591.
g J-D
1
1900
($1.000){
$300.000
mort
1st
at Fidelity Trust Co.. Portland.
BIRMINGHAM ENSLEY & BESSEMER RR.
gold c*. No s f but can be Interest
of 1911 havMe., trustee.
tf
Recezvership.-Int. due Sept. 1 1914 on the $2,650,000 bonds
called in 1920
dent of the road,
30:
June
ending
years
fiscal
been defaulted. I. W. Ross, formerlys Superinten
-For
S.
ing
EARNING
s were
Surplus.
committee
protective
Dividends.
&c.
bondholder
Int.,
Two
Net.
receiver.
Gross.
Yearof bonds
$3,921 was appointed
$8,000
$8,1 16
$20,037
with Chas.H.Zehnder as Chairman, urged the deposit
$72,222
1914-15
9,067 formed, one,
6,000
7,980
42 Broadway, N. Y. City (V. 99, p. 814), and
Co.,
Trust
23,047
Empire
the
70.619
with
1913-14
Biddeford and Old the other, with S. H. Cunningham as Chairman, requested the deposit of
ROAD.-Operates 8 miles of track between Saco,
of
Tr. Co., Boston, as depositary, under agreementthe
Orchard Beach.
Secretary and bonds with American
bonds had been deposited with
Biddeford;
Prescott.
H.
C.
t,
-Presiden
Sept. 15 1914. $1,811,000 face value of
OFFICERS.
19
1915
on
Feb.
and
December
of
part
494.
p.
73,
V.
latter
Zehnder committee in the
Treasurer. E. F. Lord.-V.70, p. 1048;
the trustee. Under. an agreement
foreclosure proceedings were begun by
two committees, the bonds deposited with
dated June 14 1915 between the redeposite
d with the Empire Trust Co.,
Y.
BINGHAMTON, N.
the American Trust Co. were
bonds deposited with the N. Y. commaking a total of about $2,500,000committee
RY.reserved the right to bring
SCRANTON & BINGHAMTON
Boston
the
ss
entire
mittee. Neverthele
15 1910. Owns
ORGANIZATION.-Incorp. in Delaware Oct. assumed
alleged to be responsible for the
its bonds.
suit for an accounting against the parties the
n RR. and has
event of a deficiency judgin
condition,
stock of the Scranton & Binghamto
financial
present
Binghamthe
of
company's
stock
The Scranton & Binghamton RR. owns 98% of then Traction Co., a con- ment in the foreclosure proceedings in case the Equitable Trust Co.. of
See Chairman S. H. Cunnington By., the entire stock of Scranton & Binghamto
and over one-half of the bonds N. Y., mortgage trustee, does not do so.
trolling interest in the Northern Electric By.
p. 129.
(whose stock is owned by the Northern ham's statement in V. 101,Benners
co-receiver, at the inappointed
was
of the Northern Electric Street By.
for 900 years
In Feb. 1915 Augustus
to examine into the proElectric By.). The Northern Electric Street By. is leasedCo., which has stance
of the Boston Committee, with power to
recommend suit against
warrant,
from July 1 1910 to the Scranton & Binghamton Traction
facts
the
if
and,
road,
the
of
motion
p. 732.
assumed the former's bonded debt.
utstanding. Maturity. the promoters for an accounting. V.I.100,
te.
Grubb at Birmingham ordered the
STOCK AND BONDSSale.-On Aug. 24 1915 Judge W.
-----$6,000,000
due for prin. and int. on
amount
The
Stock $6,000,000-------------------property.
the
of
1960
1
sale
foreclosure
2,500.000 June
Scran. & Bing RR $10,000,0001 1910 6 J-D
. V. 101, p. 693.
S. Bk., Wilkes-Barre,trus. the bonds was stated as $2.831,230Alabama
with power to own, lease and
g($1,000,$500 & $100)- cJ Int. at Anthracite
in
corp.
TION.-In
1
1957
June
ORGANIZA
1,200.000
5 J-D
for transportation of mail,
Northern Elec St By $1,200,-1 1907 Anthracite
S. Bk., Wilkes-Barre,trus. operate electric railroads and general railroads
to supply current for lighting and
000 ($500 and $1,000)e* Int. at
bonds are callable after June 1 express, freight and passengers, also
r franchise through Greater BirBonds.-Scranton & Binghamton RR.
99-yea
under
Operates
int.
and
105
at
red.
are
purposes.
power
bonds
St. By.
tion of freight. Will operate in
1915 at 105 and int. Northern Elec.began
mingham, which covers the transporta
Dec. 1 1912.
and,where there are no franchises, on
Sinking fund of $10,000 per annumproperties
for 12 mos. ending June 30 Bessemer under perpetual franchise
EARNINGS.-Of the combined
line is completed to Bessemer and Pratt Citys
When
way.
of
right
private
arranged for physical connection
1915. gross, $802.542: net, $317,601.
Scranton and Brooklyn, with a freight service will be inaugurated. Has
Greater Birmingham.
ROAD.-31 miles in operation between
9 miles to Montrose will be placed with all the steam railroads entering
Outstanding. Maturity.
Interest.
branch to Lake Winola. An additional
Date.
BONDSextend
will
AND
STOCK
5.18Re road as projected
1.
0019p
$3,000,000
o operation durill tlIcre fail of
tn
$3,000,000
Common,
1.500,000
n,
Binghamto
Preferred, $1,500,0002,650,000 Mar 1 1941
M-S
5
1911
road.
trolley
($1,000,1
g
-A
1st M $3,500,000
Co.. N. Y., Trustee
(1) Binghamton Railway Co. owns 98% of the stock.
Trust
Equitable
at
c*tf'Int
$500 and $100)
The Scranton & Binghamton RR.
is in the treasury.
Sept. 30 1901 of the Binghamton
Stock.-Of the pref. stock outstanding above $138,500
ORGANIZATION.-Is a consolidation
treasury.
in
in
railways
is
all
street
of
ion
$208,500
stock,
consolidat
a
Of the cons.
extensions, betRR. Co.(chartered Aug. 11 1892 as
for
issued
be
may
Bonds.-Remaining $850,000 bonds
& Union RR. Principal franchises granted
or any
city) and the Bing. Lestershireand
are perpetual and practically exclusive. terments, &c., subj. to call at 105 and accrued int. on Mar. 1 1921
e,
by special Acts of Legislatur
trust
equip.
6%
of
issue
$90,000
date thereafter.
int.
99.
(V.
1914
In Aug. 1915 the P. S. Comm. auth. the
31
Aug.
end.
mos.
12
cars costing $118,503;
EARNINGS.-Receivers report for
certificates to pay in part for 20 new double-truck
earnings, $69,151; bond int..
p. 1526) shows: Gross revenue, $220,655: net $48,249.
carried
Passengers
remaining $28,503 to be met in cash.
deficit,
Maturity.
$7,400;
g.
&c.,
Interest. Outstandin
$110,000; franchise tax,
STOCK AND BONDS- Date. 4
See text
$978,995
F-A
12 months ending Aug. 31 1914, 4,790,724.
Stock. $1,150.000 ($100)----- of 1st main track, 12.145 miles
See text
512,000
ROAD.-Owns and operates 19.162 miles
5 g J-J
Binghamton RR Co mtge 1893 Metropol.
&c., 0.676 miles misc.; total, 32.788
Trustee.
Y.,
Tr. Co., N.
2d main track, 0.805 miles sidings.
coaches,
$900,000, g ($1,000)__c*tf Int. at
147.000 June 1 1925 miles. 85-lb. steel rails; standard gauge. Has 25 P-A-Y-E steel ten-ton
5 g J-D
Bing Lest & Un 1st M ($250,- 1895
an Trust, New York 26 dump cars, 3 flat cars, 8 misc.cars, 1 Baldwin locomotive and 1
000), gold, principal and Interest at Metropolit
Binghamton Trust Co.. Trustee.
crane.
tf
interest guar
Treas., Richard A. Tausig.1.395,000 Nov 1 1931
OFFICERS.-Pres., J. H. Morris; Sec. &
5 g. M-N
Bing By 1st consol mtge,$2.- 1901
p. 363; V. 99, p. 673. 747. 814,
at Fidelity Trust Co., Buffalo, Trustee, V. 95. p. 749: V. 96, p. 1156. 1363: V. 97,p.
732; V. 101, p. 129,693.
100.
500.000 gold ($1,000)c*tf Int.
V.
1933,
or Seaboard National Bank, New York.
894, 1129, 1365, 1526, 1748,
90,000
6%
1915
Equip trust certificates
$10,000
1917;
to
IND.
1910
BLUFFTON,
Bonds.-The bonds of 1893 mature $5,000 yearly
Of the Binghamton By. 1st
N CO.-A trolley road.
yearly 1918 to 1922 and balance Sept. 1 1923.underlying
MARION & BLUFFTON TRACTIO
bonds and the reconsol. mtge., enough are reserved to retire careful
corp. in Indiana June 1914 as a reorganization
TION.-In
ORGANIZA
are
s.
They
restriction
Co., sold under foreclosure in
Trac.
Eastern
mainder for acquisitions, extens., &c., under
&
Bluffton
of the old Marion
V. 78. n. 701: V.88, p. 748.
was placed in receivership as a result of
sub. to call at 110 & int. See V. 73, p. 1312;
3 1903; 2% April 11 Feb. 1914. The old company
Dividends.-2% was paid Jan. 31 1902; 2% Mar.
1912 in which four persons were killed and 60
7
July
on
collision
April
18
paid
head-on
was
a
20%
of
1904 and 2% April 10 1905. A scrip dividend
1908,2%%. In 1909, Sept., or mare injured (V. 95, p. 297).
Interest. Outstanding. Maturity.
1905. In 1906,2 %. In 1907,2%%. In
STOOK AND BONDS- Date.
1911, Sept., 3%. In 1912 and 1913,
$216,000
2%%. In 1910. Sept., 2%. Insince.
were officially informed in Stock $216,000 ($100)504,000 July 1 1934
4%. In 1914, Feb., 2%. None declaredWe
g
5
1914
two years." V.99,p. 269. 1st M gold $501.000 ($1,000)f
July 1914 that"no dividends can be track. for
1Int. at Fletcher Sav.& Tr. Co.,Indianap.,Tr
annum.
per
1%
with
fd.
n
Sink.
Binghamto
Connects
of
gross,$65,247; net,$20,714
311914,
ROAD.-()perates 48 miles
Dec.
end.
mos.
6
-For
S.
EARNING
Standard
and Port Dickinson.
(including 19 miles from Bluffton to
Lestershire, Hooper, Endicott, Union
ROAD.-Operates 51 miles of track
rial; 75 motor cars and 27 trail cars.
Marion, where connection is made with Union
gauge,60-lb. to 103-1b. T and girder June
30 1915, gross, $517,626; net Geneva. leased), between
Light Co., and Bluffton, Ind., con&
EARNINGS.-For year ending
Rys.
Ind.
and
lines
Ind.
of
Co.
Trac.
surplus, $73,760.
Indiana Trac. and Union Trac.
earnings, $199,370; int. and taxes, $125,610;
there with Ft. Wayne & Northern
Mgr.,
&
Gen.
necting
-P.
V.
W.
Day:
R.
-P.,
V.
Fuller;
L.
F.
.-Pres.,
OFFICERS
70-lb. T rail.
E. M. White. Office, Bing- Co. of Ind. Standard gauge. W.
Abram Simmon; Sec., W. A.
-P.,
V.
Sale:
C. S. Banghart; Sec., W. H. Hecox; Treas.,
James
.-Pres.,
OFFICERS
94, p. 205, 349, 1117; V. 95,
S. Clark. V. 98, p. 1920; V.
hamton, N. Y.-V.93, p. 665. 1190, 1785; V.
Patten: Treas., Dell Locke; Aud., James
p. 360; V. 98, p. 522, 837; V. 99, p. 269; V. 100, p. 980.
196.
p.
99,
Celina Traction Co.-A trolley road.
(1) Bluffton Geneva &
in Indiana in 1907. Private right
BIRMINGHAM, ALA.
ORGANIZATION, &C.-Organized
to the(old)Marlon Bluffton & Eastern Trac.
1910
1
of way. Wasleased July
BIRMINGHAM RY. LIGHT & POWER.
(5% cum.-J.-J.) pref. Road 19 miles of
which
$225,000
Orleans"),
"New
corn.,
under
(see
Co.
$450,000
Stock,
Cities
American
the
by
Controlled
Cruz and Linn Grove.
of the preferred stock.
track between Bluffton and Geneva through Vera
owns 89.11% of the common and 79.16%
1901 of the Birmingham Pres., II. C. Arnold; V.-P., A. G. Briggs; Sec., G. S. Markley; Treas.,
ORGANIZATION.-Consolidation on June 13
Agt., James S. Clark.
By.,
m
Purch.
Birmingha
the
and
&
Co.
Aud.
Light
Kunkel;
A.
Electric
W.
ed
Consolidat
the
Gas Co.,
part of the street railLight & Power Co. Owns and operates the greater
Birmingham and all the
way, gas and electric-light and power business of
BOISE CITY, IDAHO.
gas, electric-light
covering
Franchises
towns.
and
principal near-by cities
company.
with some unimportant exIES CORPORATION.-A holding the
SECURIT
L
NATIONA
and power business and street railway lines are,
Idaho1915 merged
a steam-heating plant
ORGANIZATION.-Incorp. in 1914 and in
ceptions, stated to be perpetual. Owns and operates
per plan
as
the
e
18
1915)
which
Jan.
by
Co.
foreclosur
Power
at
Alabama
(sold
the
with
Co.
Power
Oregon Light St
in Birmingham. Has a contract
foreclosure
at
(sold
and
Co.
for
light
&
Power
also
1163, the Idaho By. Light
in V. 100,
latter furnishes electricity for operating the railways and
"Electric Railway"
p. -see V. 100, p. 2166, 1673, and theCo.
power service in Birmingham. V. 98, p. 1691. Outstanding. Maturity. June 14 1915
The properties
Interest.
Section for Jan. 1915) and the Idaho Power & Light
STOCK AND BONDS- Date.
Lt. & .1. Co.
text
See
0
$3,900,00
J-D
by the various subsidiaries of the Idaho Ry.,
owned
formerly
Common ($100). $3,900,000at foreclosure sale
See text
acquired
not
3,500,000
was
J-D
which
RR.,
____
Boise
cum
6%
the
0
of
33.900.00
that
(except
Pref($100)
owners)were
former
2
the
1924
July
897,000
associates,
and
Jennings
5 g 3-3
but turned back to E. H.
Birmingham By & El 1st M g 1894
with
Central Trust Co., N. Y. Birming- transferred to the Electric Investment Co., incorp. in Del. in Jan. 1915
$1,250,000 ($1,000)____c* Int. at Tr.
& Say. Co., Birmingham, Trus. $50.000 auth. cap stock, all of which is owned by the Nat. Socur. Corp.
ham
Not subject to call.
5
on
May
1915
Maine
in
1
1954
incorp.
April
g
A-0
8,720,000
was
4%
Co.
1904
Gen M, ref, $10,000,000,
V.101. p. 846. Tire Idaho Power
c* Int.at Commercial-Germania Tr.& Say.Bk., with $10,000,000 auth. cap. stock, presumably as successor to the Idahogold ($1.000)
New Orl., Trus., or at N.Y.Tr. Co.. N.Y. Oregon Lt. & I'. Co., ownership of its securities resting with the Nat. Secur.
1
1957
May
M-N
g
6
4.384,000
1907
Ref & exten M $25,000,000
holders of the Great Shoshone
Boston. Corp
Negotiations are pending with the security
($1,000) gold sink. fund_c* Interest at Old Colony TrustofCo.,
in receivers hands) for acquisition of
company.
Trustee, and N. Y. agency
& Twin Falls Water Power Co.(nowWaterNot subject to call.
& Elec. Co. for control
Works
1917
1
May
M-N
Amor.
6
1,150,000
that property, and with the
2-year notes $2,000,000 ($1.- 1915
Co. The Idaho P. U. Comm. has apc*Interest
of the Southern Idaho Water Power electrical
000)
prior
by the Great Shoshone
for
energy
are
reserved
of
$9,617,000
bong,
delivery
0
the
for
$25,000,00
new
the
Bonds.-Of
proved a contract
Invest. Co. for the use of
if first lien on same, and &
Twin Falls Water Power Co. to the Electric
liens. $1,200.000 for the cost of new power house the
net earnings are 13pumping plants in the southwestern part of Idaho.
irrigation
$9,799,000 for 80% of the cost of additions if to
be issued, and provided
those
times the int. on all bonds outstanding, incl.for
ion of National Securities Corporation to be as follows:
maintenance within previous Present Capitalizat
Interest. Outstanding. Maturity.
10% of gross earnings have been expended
STOCK .AND BONDS- Date.
rate of int. on succeeding installabt.$7.000,000
12 months. The directors may make the 34
0_ _of 1% of bonds out commences Common stock $15,000,00
None
7%
ments not to exceed 6%. Sinking fund of
---1
Jan
after
cum
7%
Pref.
re-invested.
and int. thereon
Sept. 1 1918. Bonds purchased to be held alive p.
1919 $6,000,000
1603. Of the gen. M.of
For details of bonds, property, &c.. see V. 87.
See text abt.4,000,000 July 1 1944
($10,- 1914
gold
bonds
Debenture
out
of
%
of
of
1%
bonds
fund
Sinking
190-1. no more bonds can be issued.
Astor Trust Co., New York, Trustee.
000.000) ($100.
& int. on any int.
abt.4,000,000 July 1 1944
begins Aug. 1 1924. The bonds are sub. to call at 105
1914 6%
$12,500 per ann. is pay. into Income bonds gold $10,000.- Bankers
Trust Co., New York, Trustee.
day on 60 days' notice. For 1st 5s of 1894The
($100,
&c)
000
at
red.
2
are
-year
notes
canceled.
been
See below July 1 1924
a sink. fd.: $353.000 have
J-J
6
1914
$10,g
notes
lien)
(prior
Coll
thereafter. Itemaining
in New York.
101 and int. to May 1 1916 and at 100% and int.
. (3 00 & $500L._. Interest payable
100, p. 1591.
No pref. is to be
1914.
25
notes are reserved for extensions, impts., &c. V.
Stock.-Voting trust agreement dated Nov.
3%
Dividends.-First div. on prof. stock, of 3%, paid in Jan. 1902, and
in 1903. issued at present.
of which 3%
of
6%.
interest
alas been paid 8.-a, since then, to and incl. Dec. 1914: on corn. stock none;
fixed
a
bear
bonds
Bonds.-The debenture
in
0; In 1905, 4%; in 1906. 5%: In 1907 and 1908,
7
5% in 1917 and the entire 6%
3%; in 1904. 4,
must be paid in cash in 1915, 4% in 1916,
1914.6%.
foregoing rates and 6% to be paid
1909, 2%;in 1910. 5%;in 1911. 7%;in 1912,8%: in 1913 andp.
the
between
difference
The
thereafter.
2166).
indebtedness,payable in cash
No divs. on either corn. or pref. paid in June 1915. (V. 100,
I in cash, if earned; otherwise, in certificates of
and int, on any int. day. The
REPORT.-For calendar years:
Surp.,for on or before Dec. 11918. Callable at 101
Interest and
Net after
Gross
and, after interest in full on
debs.,
to
priority
in
next
rank
bonds
income
0th. deductions. renew.,&c.
Taxes.
Earns.
Yearas int. the earnings up to 6% on the
$534,430 the latter, are entitled to receiveof
$730,791
$1,295,221
$3,217,826
1914
bonds are convertible into pref. stock.
issues
Both
g.
outstandin
amount
561,886
669,781
1,231,667
3.214.338
for at 90, with a bonus in
1913
The collateral (prior lien) notes were subscribed
I
in 1913.
any int. day. Immediate issue, it
Passengers carried in 1914. 45,721,854. against 47,610.747
of Birmingham, common stock. Red. at 101 and int. on3.-V.
ROAD.-Operates over 153.74 m.of single track in cities
103, p. 1163. 1516, 1673, 2010
$3,038,00
exceed
not
,
will
is
understood
70
26
but
All
miles
gauge.
Bessemer and in Jefferson County. Standard
to 100-lb. T and girder rails. Owns 250 passenger, 62 freight and 25 mis- V. 101, p. 846.

BIDDEFORD, ME.




I

SEPT., 19 5.]

ELECTRIC RAILWAYS
BOSTON, MASS.

11

East Cambridge and West End elevated lines. V.
87, P. 1662; V. 88. p.
1372. In Dec. 1912 increased its stock from
BOSTON ELEVATED RAILWAY.
00 to $23,950,000
and offered stockholders the right to subscribe$19,950,0
ORGANIZATION.-Charter granted in 1897 provides
for new stock at $105 per
for
share.
an
extensive
V.
95,
p.
1272;
V. 96, p. 61.
system of free transfers. The company also, in addition
to
regular street
Dividends.-Irirst div.. 23(7'
0, was paid Aug. 15 1898. In 1899. 5(7;
railway taxes, has to pay % of
of gross "earnings of all lines owned, In 1900, 4%%; in 1901. 5%;
leased or operated by it," and a1%
in 1902 to 1913 inclusive, 6% yearly; in
sum equal to the excess of the dividends 1914 rate was reduced
and in Feb. 2% was paid. In July 1914 it was deover 6%. Its charter, however, is
understood to "grant it exemption from cided to pay dividends at
rate of 135% quarterly, thus restoring the old 6%
reduction of fares, and also other immunities.' (See
Massachusetts RR. rate (V. 99, p. 341) and in Aug. 135% was
Commission, V.65, 1223.) Elevated cars run with electricity
paid; Nov., 135%. In 1915,
by "third- Feb., 135%; in May only 1% was paid (V. 100,
rail" system; surfaceP.
p. 150), 1591). In Aug.
lines by trolley.
1915 135% was paid (V. 101,p. 368)•
On April 29 1903 leased from the Old Colony Street By.
ANNUAL REPORT.-Report of Boston Elevated
the Bay State St. Ry.) all that company's tracks in the (now merged in
city
By. for year ending
of
Boston,
June 30 1914 in V. 99, p. 1447.
amounting to 23.753 miles. The lease is for 99 years and
provides that
besides paying taxes the Elevated
1914.
will pay 6 % of replacement value
1913.
1912.
1911.
(appraised .at $353,979, less the Co.
rental of certain short pieces of track Revenue miles run
57,990,436 57,784,319 54,790,173 54,647,196
appraised at $13,866) of the property leased
as of date Feb. 16 1903. and Revenue pass. carried.._343
326,352,8
310,310.0
63
09
305.098,6
4% on the cost of all additions and bettermen
65
Eat ningsts.
Lease of West End and Subway and Tunnels.-The
West End Street Ry, Passenger
17,112,925 16,268.607 15.467,352 15.199,971
is leased until June 10 1922.
Mails, rents, adv., &c
516,692
540.302
436,695
In Dec. 1896 the West End Street Ry.leased the right to use the
435,994
Tremont
Street subway in Boston. See terms under West End Street
Total
Ry.
17,629,617 16.808,909 15,904,047 15,635,965
On Dec. 24 1904 the East Boston tunnel (under Boston Harbor)
Net
earnings
6,331,755
was
5.673.328
4,927,413
leased by the Boston Elevated By. until June 10 1922 for a rental of
5.516.901
% of 1%, Int. on deposits, &c
35,278
50,419
52,508
of earnings of all lines owned, leased or operated. The
39,070
also col- Int. from securs. owned.
63,969
69,460
62.460
lects a toll of lc. per person, which goes to the city; butcompany
24.180
Int.
charged
to construe.
under the general
47,833
34,141
496,527
extension of contracts made in 1911, this provision will be
281,492
Miscellaneous
eliminate
d
9,282
after
5.400
June 10.1922. The tunnel was opened Dec. 30 1904. It extends
from the
main land to East Boston, 1.4 miles, and cost 83,500,000.
Total
6.488,117
5.832.748
5,545,908
On June 28 1902 Washington Street Subway Dill became a law. The
5.861.643
Deductionscity
has constructed a tunnel for elevated trains and
leased same to the Boston Int. on West End debt
790,997
Elevated By. for 25 years at an annual rental of 435% of total cost
762.610
725,593
716,180
Taxes,
of
West
conEnd
891,000
struction, which at July 1 1915 was $7,901,281 net. V. 88,
986.680
1613,839
662.261
p. 98. Propo- Taxes, Boston Elev
t
sition was ratified by voters at Dec. 1902 election.
1454.759
437,462
V.75, p. 28, 496, 1315; Taxes on earnings and
V. 77, v. 2097; V. 82, p. 217. The Washington Street
tunnel began operU.S.corporation tax.- a149,947
ation Nov.30 1903. V.87, p. 1477.
a141.342
153,159
145,109
Rental of subway
188,913
Subways in Cambridge.-In June 1906 a measure was passed
188.068
185.740
185,305
by the Massa- Divs. on West End stock 1,406,808
chusetts Legislature, and became a law, permittin
1.392,969
1,387,710
1,358,848
the
g
Boston
Divs.
on
Elev.
Som.
to
Horse
Ry.
9,180
construct two subways in Cambridge, and to issue stock or bonds
9,180
9,180
9,180
to meet Rent. Old C.St. By.
57,216
the cost. At the end of 20 years the city of Cambridge is to
56.529
56,040
59,054
have the right Int.on Bos.El.fund.debt
981,000
to purchase these subways by paying their cost plus 7% interest,
887,807
706.000
556,000
Int.
on
less
unfunded
dividebt
86.900
207,700
dends. V.83,P. 93. On Jan. 4 1912 the first through train was run
131,033
in the Wash't'n St. tunnel rent
354,605
370,256
new subway; it was opened for public travel Mar. 23 1912. V.
340,500
324,000
94, P. 1185. East Boston tunnel rent
64,263
60,575
New Construction of Subways and Old Contracts to be Extended.
58,782
57,783
-In July Oamb'dge Connect. rent
70,120
68,409
1911 Mass. Legislature passed an Act (accepted by the city and
18.204
Elev. Reconstr'n, &c., res'ves
180,000
in Sept. 1911) providing for the construction by the city of threeBost.
additional
subways, viz., Dorchester Tunnel, Boylston St. Subway and East Boston
Total
5,230,949
5,132.125
Tunnel extensions, and the extension of all existing contracts until July 1 Balance deductions
4.840.539
4,511,182
1,257,169
700.623
1936, the date to which contracts for new lines are to run. Annual rental Dividends
705.368
1.350,461
(5)1193,970(6)1.197,000(6)1,197.000(6)1,197,
after expiration of old contracts to be as follows: Tremont St. Subway
000
(see under West End),435% on net cost; East Boston tunnel (now expiring
Balance for year
sur.63,199 def.496,377 def.491,632 sur.153.4
June 10 1922), 434% on net cost (provision for tolls from passengers
61
using
the tunnel eliminated for extension period); Washington St. tunnel
a No United States corporation tax included in 1913 or 1914.
(now
expiring Nov. 30 1933), 434% on net cost. Annual rental
for new lines:
Cambridge connection,for first 20 years,4%% on net cost; thereafter
Road June 30 1914.
435%
on net cost; Dorchester and Boylston tunnels and East Boston
Miles.
tunnel exMites.
tension, 435% on net cost. The Act also provides that all contracts
Main 1st track (13.399."L")_241.755 Owned by West End
are
to
420.072
continue after July 1 1936 until terminated by a two-years' notice
by either Main 2d track(13.179m."L ')207.851 Leases,tek'ge,&c.(36.240"L")94.689
party. The various new leases and extensions of old leases
Sidings,
&c.
(9.662
m."L")_ 65.155
were signed by
the parties thereto on Dec. 7 1911. V. 93, P. 1785.
Total (incl. 36.240 "L-')_..514.761
The now Boylston St. rapid transit subway
Total (incl. 26.240 m."L")514.761 Electrical
which work was begun,
ly equipped
524.649
Mar. 8 1912, was opened for traffic Oct. 3 1914 on
from the Tremont St. subWeight of girder rails is 70 to 150 lbs. Cars, 3,934; horses.
way, near Charles St., and the Public Gardens,
237; electric
westward toward Brook- motors, 7.979; snow plows, 284; snow
line, 1% miles. The subway cost the city about $4,500,00
sleds,
620:
misc.
vehicles,
462.
0
(V.
The construction of the Dorchester Tunnel, which is to be 99, p.1213).
OFFICERS.-Pres., William A. Bancroft; V.-Ps. Charles
S. Sergeant
of the Cambridge subway, was begun on May 30 1912, and an extension and Matthew 0. Brush; Treas., Henry
L. Wilson; Sec..
Henry S. Lyons;
construction Gen. Aud., J. Henry
on the East Boston Tunnel extension was started
on
Nov.
29
These 385, 761, 1459, 1844;Neal.-V.96. p. 61; V.97, p. 727,883, 1354; V.98, p.
two subways will cost the city over $12,000,000 and will, it1912.
V. 99, p. 341. 747, 894, 1129, 1213, 1365, 1447; V•
ready for use the latter part of 1915 or early in 1916 (V. 99, is stated, be 100, p. 1509, 1591, 1751, 2008; V. 101,
p. 287, 368.
p. 1213).
Damages by Noise.-In Aug. 1902 Judge Mason, in the Superior
Court
Companies Controlled by Boston Elevated Railway Co.
at Boston, held that the company is liable for
damages
from
noise
caused
by the operation of trains. V. 75, p. 496. This was affirmed April
(1) West End Street Railway.-A trolley road.
1903
oy Massachusetts Supreme Court. V.
ORGANIZATION.-Leased to Boston Elevated By. until
76. p. 809.
June 10 1922
at 7% on common and 8% on preferred in addition
Bill for Merger of Boston Electric Railways.-On June 9 1914 a
to the payment of
submitted to the committees of the Mass. Legislature on street bill was rentals, interest and other charges. Elevated assumed possession
Jan. 1
and metropolitan affairs, sitting as one body, for the merger of therailways 1898. See terms in V. 65, p. 1223. Consolidation authorized
transportation systems of the metropolitan district of Boston under various Boston Elevated By. See particulars under latter company. with the
the title
In Dec. 1896 leased the right to use the Tremont Street subway
of the Commonwealth Electric By. The measure, it was stated,
at 4%%
was the of its net cost, stated approxima
result of conferences between the Boston Elevated By. and the Bay
tely as $5,786,000 in Sept. 1898, when the
State third and last section was opened.
Street By. interests. The bill states that the company is authorize
Entire length is 1 2-3 miles, with a
d to trackage of about 5 miles.
acquire, own or operate the whole or any part of the properties
See
V. 63, p. 1065, 1117; V. 67, P. 528. See
all street railway companies now located within the metropolitanof any or Bost. Elev. for extension of contract and new construction.
district,
In March 1915 the P. S. Comm. authorized the issuance of
the Boston Elevated By. and the Boston Revere Beach
& Lynn RR., and ditional
$435,000 adstock
(company
to electrify and widen the gauge of the last-named road. On
having
asked for $650,000) to repay the Boston
June 18 1914 Elev. for expenditures for
a sub-committee was appointed which placed the plan for a merger
additions, impts.. &c. V. 100. p. 1169.
of the
The
2
1,
three companies named in the hands of the Public Service
and
3
-year
5%
deb.
bonds
were
issued
to
provide for the $4,743,Commission for 000 bonds which fell due
inveitiTatlan. See V. 98, p. 1844. 1920. The Commission
Aug. 1 1915.
in the spring
STOOK AND BONDS- Date.
of 1915 reported that it did not recommend a consolidation at
Interest. Outstanding. Maturity.
that time, and Corn
that further study bo given to the transportation systems in the
stock ($50) $13,445.150- ___7
A-0
$13,445,150 Oct '15, 3
tan district. It is understood that the Boston Revere Beach &metropoli- Preferred ($50) $6,400.000._ 8 J-J
6,400,000 July'15, 4
Lynn in- 5% bonds of 1914
terests oppon the plan.
5 m-s
2,539,000 Mar 1 1944
Gold bonds of 1896, $2,275; 1896
Wage Increase Award.-At midnight Jan. 15 1914 the board of arbitrator
M-N
g
4
815.000 May 1 1916
s
granted the company's car men an increase of wages, retroactive to
000 not mortgage__
ntf
May
1
1913. also shorter hours,&c. For surface car men the advance in maximum Gold bonds of 1897, $2,700; 1897
4 g F-A
2,700,000 Feb 1 1917
000
not
rate per hour was from 28.9 to 32 cts., elevated motormen
mortgage_
__c_ntf
from
&c. The award, it is said, will cost the company about 36.3 to 34 Bonds ($1,000)
cs_ntf 1902
4 F-A
5.709,000 Aug 1 1932
the Bonds ($700,000)__c&r_
first
cts.. year. $400,000 the 2d and $500,000 the 3d year. V. 98.$300.000
ntf 1908
4 J4
700,000 Jan 1 1923
P. 385.
Bonds ($1,000)
c&r_ntt 1910
435_34
1,604,000 July 1 1930
Consolidation with West End Street Ry.-In July 1911 Massachus
Bonds
ntf 1912 5 M-N
Legislature passed an Act (signed by the Governor on July 211911) etti 1,
600,000
Nov 1 1932
2 & 3 year deb bonds
super1915 5 F-A
seding that approved May 28 1908_(V. 86, p. 917. 1342). permittin
4,743,000
See text
g the
Bonds.-Interest oniall issues is payable at American
consolidation of Boston Elev. and West End St. By. at the expiration
Trust
Co.,
of The serial deb. bonds of 1915 mature $1,581,030 yearly Aug. 1Boston.
the present lease, on June 10 1922. 8% cum. 1st pref. stock of Bost.
1916,
Elev. 1917 and 1918.
(having the ordinary voting powers, but not "entitled
to participate in any
OFFICE RS.-Pres., Joseph B. Russell; Treas., Parkman
increase or issue of new stock, corn. or pref."), to be issued,$ for $,for
Dexter.West V. 96.p. 489, 655; V. 97. p.
End pref. and 7% cum. (or 8% if arbitrators so decide) _2(1 pref.
1505. 1585, 1735; V.
p. 74. 238, 454,, 612,
(having
1246, 1317; V. 99, p. 1529, 1675; V. 100, p. 98.
all voting powers without exception) for com, stock of West
983, 1169, 1919; V. 101,
End. After 691.
p.
371,
the issue of the new pref. shares no other stock to be issued
450.
"prior
equal
to such 1st pref. and 2d pref. stock without the consent of two-thirdor
(2) Somerville Horse RR.
holders of such stocks, respectively." The Act also provided that thes of the
Owns 8.03 miles of track. Leased to West End Street By.
By. forthwith sell to the Elevated Co. all unused real estate, the Street
for $9,180
not exceeding $1,500,000 to be invested as a special trust fund and toproceeds yearly-6% on $153,000 stock. Dividends are payable M.& N.in Boston.
accumulate untilJune 10 1922. Thereafter the annual income thereof shall
be
BOSTON SUBURBAN ELECTRIC COMPANIES.-A trolley
applied to cancellation of 2d pref. stock. When all the 2d pref. has
system.
ORGANIZATION.-This company is a voluntary associatio
retired than said fund shall be applied by the Elevated By. Co. tobeen
n formed in
purpose for which stock and bonds can legally be issued. See terms of any Nov. 1901 on the same lines as the Mass.
Electric
Companie
Act trols through stock ownership
s. Conin V.93, p. 344. Shareholders of both the Boston Elev. and West
St. which the Natick & Cochituat the Middlesex & Boston Street By (into
By.approved the Act; the former on Aug. 24 1911 and the latter onEnd
e St. By., the Westboro
Sept.6 the
Hopkin St. By.,
Newton & Bos. St. By., the Newton St. Ry. and the&Lex.
1911. V. 93. jp. 666. Holders of West End corn. and pref. stock may
&
Boston St.
on By. have been merged).
or before June 10 1922 exchange their stock at par for Elevated By.
In 1902 purchased Norumbega Park and LexingAfter June 10 1922 holders of Bost. Elev. 1st or 2d prof. may common. ton Park. In 1908 Massachusetts RR. Comm.sustained
action increasing
exchange fares on several
their stock for an equal amount at par of Bost. Elev. common.
of the subsidiary lines from 5 to 6 cents. V. 87,
Has acquired freight rights in several of the towns along its lines.p. 345.
On Sept. 5 1911, in a suit brought to test the constitutionality of
the
Merger Act, Judge Colt in U. S. District Court sustained thedemur
STOCK.-Shares have no par value, but in case of
n the prerer of ferred
the West End St. By.and dismissed the suit to prevent the merger.
shareholders will be entitled to $100 per share, withliquidatio
accrued dividends,
p.618. New suit brought by a West End shareholder in France on V.95, the common shares participating pro rata in the remaining
assets.
Dec.
31
1913. See V. 98, V• 74.
V.73. p. 1159, 1263.) In 1904 15,635 shares of preferred and 15,635 (See
shares
The Mass. P. S. Comm. in May 1914 sanctioned an issue of $1.000,00
of common were offered to shareholders at $66 67
for one share of pref. and
0 one share of common
bonds for the purpose of supplying the company with new working
jointly. Listed on Boston
Exch. in Apr. 1905.
capital
under provisions of Chap. 4135, Acts 1909. These bonds were sold in
On May 22 1913 the stockholders authorized theStock
cancellati
July
on
of
shares of cum. pref. stock outstanding and the issue of notes the 32,387
1915.
in place of
STOCK AND BONDSDate. Interest. Outstanding. Maturity. same, holders having the option of taking cash or notes for their stock.
V. 96. p. 1487.
Stock,$23,950.000 ($100)--_Quar
$23,879.400 Aug '15,1H
Date.
Debentures, gold___c&r_ntif 1905
Interest.
Outstanding. Maturity.
4 g M-N
8,500,000 May 1 1135 Common stock
50,296 sh
1Old Colony Trust Co., Boston, Registrar.
Preferred stock,$4 per sh.
Debentures,gold
_
Q-J
31,387 sh. July '15.50c.
c&r..ntf 1907 44 A-0
4,800,000 Oct 1 1937 Coupon notes, 32,000,00
Debentues
1909
01
J-D
4
r,gold___c*&r*_ntf 1911
$1,115,800 Dec 1 1919
4 M-N
5,000,000
Nov
1
1941
($100.
$500 and
Debentures,gold_c*&rs_ntf 1912 5 -D
5,000.000 Dec 1 1942 Notes $2,000,000 $1,000)_-_1Interest at Boston Safe Deposit & Trust Co.
Notes payable Sept. 1 1915_
1 ,500,000
Notes.-The 1909 notes are not specially secured, but are simple9 years
obligaBonds.-The coupon bonds are in denominations of $500
and $1,000 tions of the association, subject to call on any interest date on 60 days'
(except 1911 issue, which are for $1,000 only), and registered
notice at 105 before Doc. 11914; thereafter at 102%. V. 89,
bonds
of
all
issue are in denominations of $1.000. $5.000, $10,000 and $50.000.
p. 1068.
ROAD.-Companies owned and controlled operate in the
In Dec. 1908 the Massachusetts Railroad Commission sanctione
aggregate about
d 131 miles of track from Needham on the south to Lowell
$6.650,000 additional stock (raising stock to $19,950,000) at $110
on the north, and
per share, connecting at five points with the tracks
to defray the cost of the Cambridge subway and for the constructi
of
the
Boston
Elevated
By. At
on of the Westboro connection is made with the Worcester Consolida
ted.




12

ELECTRIC RAILWAYS

[VOL. 101.

13.)
Street Ry.—An electric road.—(See Map on page
(1) Bay State
1902; also $1 July 1902
(incorp. in Mass.
Dividends.—First of $1 on preferred paid April
ORGANIZATION.—This was the Lynn & Boston RR.
$2; in 1906,$2 75;
in
Northern
1905.
50;
&
$2
1904,
Boston
to
in
$4;
In
name
changed
1903,
1901
1902.
23
July
on
Oct.
but
and $1
1859),
The
div. passed. In Oct. 1908 divs. April 6 and
on Aug.8 1911 name was again changed to present title.
In 1907, $3. Jan.. April and July 1908
St. By.
latest of
1909, $3. In 1910 to 1913, incl., $4. In following
companies have been absorbed from time to time. The over
resumed, and paid 75 cents. In $1;
(V. 99, p.
paid
was
50c.
only
the
Nov.
in
took
July,
Nor,
&
$1;
Bos.
the
when
April,
1911,
$1;
June
in
was
Jan.,
s
1914,
July rate was again these absorption
corn. in
1365). In Jan. 1915 $1 (V. 100, p. 138); April, $1; in
Old Colony and issued 7,767 shares of pref. and 80,041 shares of
reduced to 50c. Arrears of dividends to July 1915, $11. gross. $170.448; exchange for like amount of Old Col. Street By.stock.
Mystic Valley.
REPORT.—For year ending June 30 1915: Income,
Beverly & Danvers.
surplus, $1,508.
Needham & Boston.
& Brockton.
net. $111,363; dividends, $109,855;
Harwood; Treas., Boston Milton
New
Bedford Middieb. & Brockton.
.
Weymouth
OFFICERS.—Pres.,Adams D. Claflin; V.-P., Sydney
&
Braintree
G. M.Cox.—V.90, p.
Norfolk Central.
Chas. W.Smith; Sec.,A.A.Ballantine; Asst. Treas.,
Bridgew. Whitman & Rockland.
49;
p.
97.
V.
1487;
p.
V.
96.
817:
Norfolk Suburban.
Bridgew. & Taunton.
Brockton
53; V. 91, P. 37; V. 94. p. 281: V. 95. p.
North Woburn.
V. 99, p. 747, 1365; V. 100, p. 138: V. 101, p. 845.
Brockton & East Bridgewater.
Old Colony Street By.
ey.
Dighton Somerset & Swansea.
(1) Middlesex & Boston Street Ry.—Troll
Providence & Taunton.
Holbrook.
&
Brockton
MiddleSide
South
East
the
over
took
and
ORGANIZATION.—Organized in 1907
Quincy & Boston.
Ipswich.
&
Rowley
n
acquired
Georgetow
1 1907. and has since
Reading & Lowell.
sex Street By., sold at receivers' sale July St.
Ry., the Natick & Cochitu- Globe Street By. Beverly.
Reading Wakefield & Lynfield.
and merged the Westborough & Hopkinton
&
St.
Essex
Waltham
Gloucester
which
(into
St. Ry.
Rockland & Abington.
ate St. Ry.(V.87, p. 1420), the Newton
By.
Rockport.
Gloucester &
acquired Commonwealth Ave. St.
Rockport Street Ry.
Ry.had been merged,and which had
By.
Boston
Street
&
Gloucester
Newton
the
and
778,
89,
V.
Ry.),
St.
P.
Salem & Wakefield.
and Wellesley & Boston
By.
Street
granted
n
Hanover
Commissio
9 1912 Mass. lilt.
Shore & Boston.
South
St. By.(V. 89, p. 993). On Mayion
the Lexington & Boston St. By. and Haverhill & Andover. Danvers.
Taunton & Brockton.
permission to absorb by consolidat
of absorbed company; Haverhill Georgetown &
Taunton Street Ry.
Issue $525,000 stock in exchange $ for $ for stock
By.
Street
Hingham
Wakefield & Stoneham.
V. 94, P. 1317.
a decision sustaining New- Lawrence & Reading.
West Roxbury & Roslindale.
OnAug. 1 1908 Mass. RR. Commission gave
and to charge one cent extra Lowell & Woburn.
Street Ry.
Whitman
ton St. Ry.'s right to charge 6-cent fares
Haverhill.
it
345.
P.
Lowell Lawrence
issued. See V. 87,
(beyond the ordinary 5 cents) for each transfer&
Woburn & Reading.
Boston the right (for an Lowell & Suburban.
In Aug. 1909 Comm. granted the Middlesex
Danvers.
regular
&
the
Middleton
(beyond
extra
cent
leased all of the track of the
experimental period of one year) to charge one
Lease.—In 1903 the Boston Elevated By.of
privilege was continued for
the Bay State St. Ry.) in
5 cents) for each transfer issued; in Aug. 1910
and was never former Old Colony Street By. (now a partprovides
for the payment of all
another year and in Aug. 1911 privilege was again extended
lease
The
years.
99
for
to
Boston
of
company
city
the
the
at $353,979. less the
withdrawn. On Oct. 28 1914 Commission authorized
(appraised
nt
value
on
replaceme
%
6%
er
taxes and also
with free.transf
establish a uniform fare of 6 cents throughout its system,
at
$13,866) of property
appraised
of
track
tickets at rate of ten rental of certain short pieces
privileges, but to sell 9 tickets for 50 cents and school
4% on all additions and betterments.
and
1903.
16
Feb.
date
formerly
of
as
fare
leased
cash
the
business in a majority of the
for 30 cents, both good between fare limits where
In 1907 obtained permission to do a freight
was 5 cents. V. 99, p. 1366.
south of Boston. and is now handling express and freight
Interest. Outstanding. Maturity, towns along its linesconsiderab
of this track. In Sept. 1911
STOOK AND BONDS— Date.
percentage
le
a
over
4
trolley
by
In
1914.
0
$1.987,00
to carry coal in car-load lots or
Stock, 51.987.000
Mass. RR. Commission granted authority
1,408.000 Jan 1 193
J-J
n and North
First and ref M, $5,000,000 1912 4 g Safe
Dep.& Tr. Co., trustee. leas in Dracut, Methuen, Middletow
c Int. at Boston
Elevated will take
the Boston
gold ($1,000)
Andover.I
which
by
contract
a
signed
1912
1916
1
Sept.
Feb
75.000
5 g F-A
them into Boston over the former's
Commonwealth Ave 1st mtge 1896
Boston, trustee. the company's express cars and bring1123.
Co.,
Tr.
Internat.
at
Int.
_c*
_
_
gold_
($500)
$75,000
95,p.
500,000 July 1 1920 lines to a freight terminal. V.
g A-0
Elevated Ry.
Lex & Bost 1st M.3500,000, 1900 4 J3eaoon
Merger of Boston Electric Railways.—See Boston
Bill for Merger
Trust Co.. Boston,trustee
g ($1,000), callable 105_ _c* Interest at
p.
,
V.
98
and
1.326.368
1912 the full
May
—In
1914
30
half-fare.
Current liabilities June
Decision regarding carrying children forthe constitutionality of Chap.576.
to retire underBonds.—Of the 1st & ref. bonds. 875.000, are reserved
sustained
exten. and impts. Callable on bench of Mass. Supreme Court
children unschool
carry
shall
railway's
lying bonds and $3,517,000 are for add'ns,Jan.
1 1917 to July 1 1921, incl., Acts of 1911, providing that street
any int. day on 30 days' notice as follows:
V.94. p. 1507.
1 1926 incl., at 105 and int.; Jan. 1 der 16 years of age for half fare.
for perComm.
S.
P.
Mass.
to
n
at 107M and int.; Jan. 1 1922 to July
applicatio
&c.—For
Changes in Fare,
from 5 to 6
1927 to July 1 1931 incl., at 102 and int': V. 94, p. 351.
make certain changes in fare (incl. a general increase
; net, mission to
over all lines), fare limits and transfers, to go into
fare
cash
single
EARNINGS.—For year ending June 30 1915. gross, $1,017,803
as
cents
$219.
P. 845.
after taxes, $238,042; charges, $158.343; divs.(4%).$79,480; surp.,
effect, if approved, on Nov. 1 1915, see V. 101, 1915,
see V. 100, p. 2166.
Waltham, WaterWages.—For award by arbitration board in June
ROAD.—Owns 95.904 miles of track in Newton.
of $1,281,900 6%
issuance
the
authorized
Westboro,
Comm.
S.
.
P.
Needham.
the
1915
Hopkinton
am,
Aug.
In
Framingh
town, Natick, Wellesley,
The new stock is
debt.
floating
for
provide
Worcester
to
connecting with the
cum. pref. stock at $112
Sherburn, Wayland, Belmont and Ashland,
outstanding.
&c.
reported
points),
amount
4
(at
Ry.
the
Elevated
in
Boston
included
the
not
By.
Street
Consolidated
Outstanding. Last div..c%c
Also owns 32.356
STOOKS AND BONDS— Date. Interest. $20,517,20
Forms a link in a through line from Boston to Worcester.
0 Dec '14, 2
33.101 miles, extending from Arling- Stock common (par $100)_
miles of track, leases 0.745 mile; total,system)
2,748,600 Aug '15, 3%
F-A
Bedand
cum
Lexington
6%
through
($100)
pref
1st
Elev.
Boston
of
See text
ton Heights (terminus
1.907,000
F-A
5
also
1912
and
c_ntf,
change,
$2,000.000
without
Lowell
notes,
ford to Billerica, where cars go through to of the Boston Elev. Ry., with Serial
Interest at American Trust Co.. Boston.
to the Sullivan Square, Charlestown. station track owned, 128.254 miles.
7,635,000 July 1 1954
1904 4 g J-J
$15.000.mtge,
ref
Nor
&
Total
Bos
Concord.
to
and
branches to Waltham
Co., Boston,Trustee.
60 to 75-1b. T. and 95-1b.
000, gold ($1,000) ..c*- ntf Int. at American Trust
3,723,000 Dec 1 1924
264 pass. and 14 work cars; 26 snow plows.
p. 207, 351, Lynn & Boston 1st mtge, g, 1894 5 g J-D
girder rails.—V. 89, p. 778, 993; V. 93, p. 731. 1787; V. 94.
at Old Colony Tr. Co., Boston, Trustee.
Int.
c*-ntf
($1.000)
1598.
$5,379,000
1366,
343,
June 1920
,
1317; V.97,p. 237; V.99, p. 120,
g
G R & I 1st mtge ($1,000),
ntf Interest at City Trust Co., Boston, Trustee.
t railways.
$180,000. gold
MASSACHUSETTS ELECTRIC COMPANIES.—Stree
35,000 Mch 1 1919
5
ntf 1899
mtge
1st
D
&
G
H
(See Map an page 13.)
405,000 April 1 1917
ntf 1897 6 A-0
an incorporated Lynn & B coup $405,000_ _M,1
125,000 Dec 1 1916
1 1896 5 g J-D
ORGANIZATION.—Formed in May 1899.byIsa not
board of fifteen trus- Gloucester Es'3c & Bev 1st ntf
managed
at Amer. Tr. Co., Boston, Trustee.
es
Intert
g_c*company, but a voluntary association The
1,000),
$125,000(3
trust runs for 21 years, or until
5s,
due
Jan. 11910.
gold
$60,000
out
as
By.
St.
Valley
tees, who hold the title to its assets.
The Mystic
the Association are to be liquig $12,500 6% coupon notes due
June 29 1920, at which time the affairs ofupon
The Rockport St. By. has outstandin
the assets for $100 per share
and October.
April
payable
interest
dated (the pref.shares having a first claimof dividends)
1916,
15
Oct.
unless prior to that
together with all unpaid accumulations two-thirds of the shares then outLowell Lawrence & Haverhill.
time,at a meeting called for that purpose,
Interest. Outstanding, Maturity.
Date.
97, p. 1823. Messrs. E.
BONDS—
standing shall vote to continue its existence. &V.Co.
$752,000 June 1 1923
of Boston, who pro- Lowell Lawrence & Haverhill 1893 5 g J-D
Anthony
Tucker,
and
Br.
&
Morse
Rollins
for the sink, fund at 105 & int.
call
to
Subj.
gold,
,
pubfor
stock
$1,900.000
the
of
some
offering
mtge.
1st
in
1899,
moted the combination, in June
Co., Boston, Trustee.
Trust
at
American
Int.
ntf
_c*_
$1,050),
_
_
for
_
was offered
$1.000_ ------lic subscription 1$1,000 of pref. and $500 corn.
64.000 Jan 1 1928
against the People's St By, West New- 1898 6 J-J
stated that "the Declaration of Trust contains strictrprovisions
State Street Trust Co., Boston.
at
Interest
mortgage
held
be
can
first
trustee
or
Mass,
shareholde
bury,
any
creation of any indebtedness whereby
ntf
sep40
bonds, assumed
Comprised originally between 30 and
to any personal liability.
one operating
RY. SECURITIES.
OLD COLONY STREET Interest.
arate properties, but through consolidation there is now only
Outstanding. Maturity,
Date.
whose entire common stock is
BONDS—
company, namely, the Bay State St. By..The
Co.,
Lt.
$6,354,000 July 1 1954
Hyde Park Electic
4 g J-J
0, gold, 1904
$10,000,00
owned by the Massachusetts Electric Cos.
mtge,
Ref
Bosof
Co., Boston. Trustee.
Tr.
Ilium.
Co.
Elec.
Colony
Old
at
Edison
Int.
to
ntf
3
on
1912
Jan.
sold
c*
was
owned,
($1,000)
formerly
689,000 Oct 1 1924
5 g A-0
bought back the power station. Brockton (Consol) St By 1st 1894
ton, but in Mar. 1912 the Bay State St. By.
22 cities and 69
ntf Int. at State Tr. Co., callable at 105 & int.
gold—
$750.000,
The system comprises electric street railway lines in
mort.
Island,
Rhode
and
J-J
100.000 July 1 1919
5
Hampshire
New
1899
and
Brockton
etts
Massachus
&
Milton
towns in Eastern
north of Boston Boston
Tr, Co., Boston, Trustee.
covering the greater part of the street railway mileage
1st mtge. $100,000 — _ ntf Int. at Internat.
, Mass., and Brock
200,000 Aug 1 1917
5 g F-A
Taunton) 1897
&
Bridegwat
as far as Nashua, N. H., and Newburyport and Gloucester
and Newport, R. I.,
1st M g, $200.000($1.000) Int. at Amer. Tr. Co., Boston, Trustee.
south as far as Fall River and New Bedford, Mass.,
electricC
connecting directly with the street railway system of Boston;also an
30.000 Feb 1 1918
5 g F-A
& E Bridgewater, 1st 1898
Brock
lighting property in Newport, R. I.
1912 pref. share
Tr. Co., Boston, Trustee.
mtge, gold. $30,000_ _ _ntf Int. at American
Payment of Accrued Divs. on Pref. Stock.--On Jan. 5
pref
additional
for
100,000 Aug 1 1917
5 F-A
Brockton first 1897
&
Taunton
holders were offered $3,649,000 in negotiable warrants
trustee.
pref
mortgage, $100,000---ntf Int. at State Street Tr. Co., Boston,
stock, to represent accrued dividends of 17%% on pref. shares. New
325,000 Jan 1 1920
5 8 J-3
Bedford M'dieboro &Brock 1900
shares issued July 11912, V.93,p. 1462; V.94, p.68.
100, p. 2167. N 1st
($1,000), Int. at American Tr. Co.. Boston, Trustee.
'Mmes.—For award by arbitration board in June 1915 see dV.by
$325.000
M,
certificates
ntf
STOOK AND BONDS.—The share capital is represente
gold
in the shares
$2,417,000 are reserved
of participation which give the owners a proportionate interest
the $10.000,000 Old Colony St. By. ref. mtge.,
exempt from taxa- forOfprior
Remaining bonds can only be issued for 507o of cost of
liens.
herd by the trustees. Both classes of shares are reported
on
listed
stock
pref.
call. V. 93, p. 1784.
to
stamped
subject
not
are
and
bonds
Cora,
stock
These
etts.
impr'ts.
Massachus
tion in
additions &
Boston Stock Exchange. The balance sheet of the controlled Bay State St. RU.
Globe Street Railway Securities.
Outstanding. Maturity.
shows funded debt June 30 1914, $23,477,000, and notes for amounts due
Interest
Date.
$78,000 Dec 1 1915
Mass. Elec. Cos., $1,550,000.
5 g J-D
1896
Outstanding. Dividends. Dighton Somerset & Swan{
Rate.
,0Bos
sep
Date.
totn,
,0.0
0o
1T17
.
188
nal Tr1.50
bonds. $125,000. gold, e f, Int. at Internatio
814,293.100
a year.
$3,000
is
fund
Common stock, par $100
Sinking
ntf
red 105 ($1,000)
5 g M-13
1898
($14,293,100)
g
1st
By
St
&
Taunton
Prov
text
See
J-J
24.123.162
Co., Boston, Trustee,
Pref. stock, par $100 4% -___ 4
($1,000).auth,5200,000.ntf f American Trust
cum ($24,206,400)
esat
IentterR
te.Stre
toan
5 g A-0
3,000,000 April 1 1918
South Shore & Bosp
Coll trust coupon notes, gold 1915
g.
en
uirnig
t
cd
yutsSta
Outstandin
O
lwa
i
Maturity,
.
Trustee.
Boston,
Old Colony Trust Co.,
($1,000) $3,500,000_c*c
$335,000 Aug 1 1919
5 F-A
stock Bonds, 1st M ($1,000). gold, 1899
The 1915 coupon notes are secured by a majority of the common
at American Trust Co., Boston, Trustee.
Int.
ntf
$1.000,000
of the Bay State St. By. V. 100, fo• 733.
80,000 Mar 1 1917
5 g M-S
1st 1897
"Chronicle" Braintree & Weymouth tar
Int. at Internat. Tr. Co., Boston, Trustee.
REPORT.—Report for the year ending Sept. 30 1914 (see: from
mtge, gold, $80,000—
int. on
Nov 1 1917
M-N
g
85,000
6
1897
Dec. 12 1914, p. 1746), shows receipts from divs., $1.077,291
Rock,
&
Whit
er
Bridgewat
$155.000;
notes, &c., $77,552; total, $1,154,843; expenses, $22,693; ;int.,
1st mtge, g, $1,000 c*..ntf 'Interest at American Trust Co., Boston.
surplus,
$968,256; surp., $8,894: previous surplus, $2,746,999 total
Bonds.
e
Railway
Street
Roslindal
Sept.
&
surplus
leaving
net
debits,
RoxburY
$6,310
West
; from this was deducted
$2,755,893
divs.'
Interest, Outstanding. Maturity.
Date.
30 1914,$2,749,583.
5112,500 Sept 1 1916
5 g M-S
1896
was paid Dec. 11899; also 1st M,5150.000. g,a f($500).1
Trust Co.. Boston, Trustee.
at
DIVIDENDS.—First div. on pref. stock, 2%,
lint.
Internat.
cntt
red at 103
J&J and 2 1-3% paid Jan.
30,000 July 1 1918
25' June 11900. Div. period then changed to
M,gold,$100,- 1898 5 g J-J
1st
Cent
Norf
Jan.
The
in
4%;
4%.
1904,
1903,
in
4%;
Co., Boston, Trustee.
1901; July 1901, 2%; in 1902,
000, subject to call_ _ ntf Int. at Internat. Trust
Jan. 1909, when 1% paid;
by Boston &
Colony
Old
of
of
1905 dividend was passed and none paid until
terms
purchase
the
y
Bonds.—B
Stock and
V. 87, p. 1420.
July, 1j4 %. See V. 79, p 2642, 2456; V. 85. p. 1646;
rs of both companies became 1st pref. stockholders
In 1911. 4%. In 1912, Jan., 2%; Nor, the pref. stockholde
call at 120. Listed on
to
subj.
and V. 89, p. 1597. In 1910, 34%. accrued
is
Pref,
stock
Ry.
St.
State
Bay
the
of
In
1913
divs. of 17j%.
July, 2%. See above for payment of
Boston Stock Exch. Of the $15,000,000 Boston & Nor. bonds, $5,153,000
and 1914. 4%. In 1915, Jan., 2%. The July 1915 div. was omitted. *are reserved to retire prior liens. Remaining bonds can be issued only for
bonds have no sinking
See V. 100. p. 1832.
0 of cost of additions and improvements. These
miles and leases 66.896 507
ROAD, &c.—The Bay State St.Ry. owns863.143
V.93, p. 1784. Of the $5,379,000 1st M
owns and operates 2,113 cars. fund and are not subject to call.RR..
miles, a total of 930.039 m. of main line;
$1,656,000 have been canceled. The
Boston
&
Lynn
the
of
bonds
k.w.;
,
29.755
52
generators
and
Power capacity 49 engines, 43,775 h.p.,
coup. notes of 1912 mature Aug. 15 as follows: 1913 (paid), $25.000; 1914
9 turbines, 18,750 h.p. and 12,600 k.w. V.-P., Charles E. Clotting; Sec., (Pd.).1131,000; 1915(pd.),$37,000; 1916,$43,000; 1917,1150,000; 1913,$57,$83,090; 1923. 897,OFFICERS.—Pres., Gordon Abbott;
1919, 864,030; 1920, $72.000; 1921, $80,000; 1922,
000;
Sullivan;
P.
F.
Mgr.,
Gen.
;
1927, $136,000; 1928,
Everett W. Burdett; Treas., J. H. Goodspeed
Philip Dexter, Chair- 000; 1924, $106,000; 1925, 8116,000; 1926, $126,00;
Gen. Auditor, H. H. Read. Executive Committee:Galen
1930.$174,000; 19314188,000; 1932,1202,000.
$160,000;
1929.
Percy
$148.000;
Stone,
L.
2d,
Adams
Francis
Charles
man; Gordon Abbott,
84 State St., V. 95. p. 618.
St. Ry. com.-3%—paid
Parker, Philip L. Saltonstall and Charles E. Coiling. Office,
DIVIDENDS.—Initial div. on Bay State
1597, 1787; V. 94,
Boston. V.92,13. 118, 1181, 1500: V.93, p. 105, 1462,
Dec..3%; in 1913, June. 2 %;Dec.,3%.
716, 1089. Dec. 30 1911; in 1912,Juue,2%;%.
653,
230,
p.
96
V.
1537;
1403,
1915 dividend omitted.
Juno
P. 68; V. 95, p. 618, 750, 1123,
Dec.,
%;
June,
2%
1914,
In
1673,
969.
p.
99,
V.
1298; V. 97, P. 1662. 1730. 1823; V. 98. p. 1460. 1920;
ROAD.—See description under Mass. Elec. Cos. above
1746, 1832; V. 100, p. 556. 642, 733, 1832, 2167; V. 101. p. 846.




rimac Valley
Golf Club

IRE
TTS
K. of C. Club Hal

GEORGETO

NO.ANDOVER
NORTH ANDOVER
CENTER

TYNGSORO

Vesper County Club

ANDOVER

OXfOrd

Topstield

LOWELL
WANIESIT
TEWKSBU

IIMOZCh
.'
1.444,p
No.stZ7A.

State Alms
H
Milllgans
Grout.

NO.READI
J
G. READING

WES"RrrEIZTC"FC
WILMINGTON
CENTER/ sem
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,

BILLERICA

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'
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o
sti
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Pinehur t Park
South Billerica
BURLL

Bedford

Lexington(r
CeçsO

ESTE

Arlingt n
heights
ARLINGTON
WINT

EXPLANATION
Boston & Northern and
Old Colony Street RailWay Companies' Routes
Routes of other Street
Railways

{Vuehusetts
eservoir
Marlboro

DUDLEY ST

Veiled y

•

FOREST HILLS
OSLINDALE
EST RO BURY

Ashland
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ark,

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NORWOOD
Rddolph Grey
ORWOOD CENTRA (
.CORNERS
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R-ANDOL PH
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ig

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LIBERTY PLAIN,
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Ridge Hill Grove

• RIDGE HILL
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HINGHAM
HINGHAM CENTER
OWER PLAIN
OUTH
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""Ie

MASSACHUSETTS

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RHODE ISLAND




Standish
Monumen

Woonsocket I
No. Allleboro

ttleboro
Briggs
Corner

AL

--\11

NO. DIGHTON

SEGREOONSETT

Beckon

DIGH TON

Dighton Rock
Park

o. Se konk
NIA w'ansea

SOMERSET
SwPAOTNTS
ERSVILLE

MAP OF THE

BAY STATE
STREET RAILWAY
COMPANY
(Massachusetts Electric Companies.)

14

[VOL. 101.

ELECTRIC RAILWAYS.

PUBLIC SERVICE INVESTMENT CO.
INCOME ACCOUNT OF BAY STATE STREET RY.-For fiscal year
ORGANIZATION, &c.-Organized in Maine to bold and to deal In
ending June 30(V.99, p. 1746):
bonds, notes and other securities. On Oct. 30 1913 stockholders
stocks,
1911-12.
1912-13.
1913-14.
1914-15.
the stock from 32,000.000 each of pref. and common to
$9,587,192 $9,695,249 $9,462,251 $9,116,202 voted to increase
Earnings
each. V. 97, A. 1289
33,000,000
5,806,410
6,109,511
6,363,969
6,657,578
Expenses
Interest. Outstanding. Maturity.
Date.
STOCK.See text
F-A
$2,500,000
Common $3,000,000($100)--- $2,929,614 $3,331,280 $3,352,740 $3,309,792 Pref,$3,000.00
Net earnings
6% Q-F
2,500,000 Aug '15. 1A
cum.($100)___6%
0
1,840,329
1,914,902
2,006,984
2,072,029
Charges
Stock.-Preferred stock is redeemable at option of company at 115.
Securities Owned (Stone & Webster Properties).
$857,585 $1,324,296 $1,437,838 $1,469,463
Divisible income
b$205.000
1,077,681 Blackstone Val. G.& El_ _*$465,500 Tampa Electric Co
1,253,762
1,242,069
677,846
Dividends
*500,000iGalv. Houston Bloc. Co____*500,000
Cape Breton Elec Co
Northern Texas El. Co__*500,000
350,000
CoTraction
$391.782
Jacksonville
$184.076
$82,227
$179,739
Balance
Houghton County El.L.Co.*500,000 Pug.Sd. Tr.,L.& Pow.Co*1,466,800
a222,000
OFFICERS.-Pres., Patrick F. Sullivan, Boston; V.-P. & Treas., C. B. Houghton County Trac. Co.*100,000 Key West Elec. Co
Rockwell; V.-P. & Gen. Mgr., R. S. Goff.-V.84. p. 995; V. 86, p. 720, Columbus Elec. Co
*374,100
al00,000 Key West Electric Co
17+5, 360.
1223; V.93,p. 104,285, 1724, 1784; V.94,p. 1055, 1507; V.95.p.
500,000
Co
1458, El Paso Elec
Preferred stock. b Capital stock.
418,643,618, 678; V. 96. p. 200. 789, 1838; V. 98, p. 72, 761, 1391.
a
stock.
Common
*
845'
693,
p.46,
V.101,
1535. 1844. 1992; V. 100, p. 53, 1508, 1671, 2166;
See statements of these companies (except the Blackstone Valley Gas
(a) Boston & Chelsea RR.-Owns 4.372 miles of main track. Leased & Electric Co. and the Houghton County Electric Light Co.) on subseto Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to 6% on quent pages.
in blocks of 10 shares
Stone & Webster offered the stock in March 1909
$121,000 stock, payable A. & 0.
V. 89, po. 163. In Dec.
of preferred and 4 shares of common for $950.
(b) Boston & Revere Electric Street Ry.
stock at 97. V. 97, p. 1734.
pref.
of
main
$500,000
offered
miles
they
3,711
Owns
1913
24
1889.
June
N.-Incorp.
ORGANIZATIO
° quer. since Aug. 1909 to and including Aug.
Dividends.-On pref. 1A 7
track. Leased from July 1 1895 for 99 years to Lynn & Boston (now Bay
j%-Feb. 1 1910; Aug., 13(%. In 1911,
State Street Ry.), which guarantees interest on the $50,000 mtge. of 1908 1915. On corn., 1st div.-1
and 1914, 4%. In 1015, Feb., 2%. The
1913
In
3A%.
annum.
In
1912,
per
3%.
1
5%
at
1898
July
from
stock
$50,000
and dividends on
omitted.
was
dividend
Interest. Outstanding. Maturity. Aug. 1915
STOCK AND BONDS- Date.
year end. Dec. 311914. total income, $315.552; net,
-For
EARNINGS.
text
See
J-J
5
350,000
Stock (par $100)
$315,654; pref. di vs.(6%).$147,246;corn. diva.(4%),$100.000;
50,000 Sept 1 1928 after taxes,
6 g M-S
Boston & Revere Elec St Ry l 1908
balance, 368,408.
$50,000 gold ($1,000)___c*fInt. at American Trust Co., Boston. Trustee.
-Henry G. Bradlee, Russell Robb, Chas. A. Stone,
DIREOTORS.
date
interest
89. p. 163; V. 90. p. 628;
Bonds.-No sinking fund, but bonds may be called on any
Edwin S. Webster, Eliot Wadsworth (Pres.).-V.
101, p. 292.
on six weeks' notice.
V. 92, p. 463; V. 95, p. 111; V. 97, p. 1119, 1239, 1734; V.
(c) East Middlesex Street Ry.
ORGANIZATION.-Owns 19.352 miles of main track. Leased May 1
BOWLING GREEN, OHIO.
1893 to Lynn & Boston (now Bay State St. Ry.) for 99 years at a rental till
& NAPOLEON RY.-A trolley road.
LAKE ERIE BOWLING GREENhaving
May 1 1896 of $18,000 yearly in addition to fixed charges; then till May 1
been defaulted May 1 1911.
on bonds
-Interest
Eight
yearly.
$30,000
lease
Receivership.
of
remainder
and
for
yearly;
$24,000
1901
on May 2 1911 appointed A. E.
Toledo
at
Court
Federal
10%.
were
in
to
increased
Judge Killits
per cent divs. had been paid, but on May 1 1901
receivers. On July 16 1913
Green,
Bowling
of
C. Harding
Interest. Outstanding. Maturity' Royce and B.
and B.C.Harding as receiver. V.92,p.
STOCK AND BONDS- Date.
C.G.Taylor succeeded A.E. Royce
$297,700 See text
10
of$75,000 receivers' ctfs
_
re-issue
a
ordered
Stock ($100),3300,000
Killits
Judge
'11
120,000 Sept 1 1918 1243. On Dec.18 several mos. previous for improv'ts. V. 93. p. 1786, 796.
5 M-S
Plain bonds, int. guar. (end.)_ 1898
out
100,000 Jan 1 1922 originally putpossession
4 J-J
Plain bonds. int guar (end) __ 1902
receivers have paid int. due May 1 and Nov. 1 1911.
taking
Since
Interest at Old Colony Trust Co., Boston.
paid since.
Trust Co. of Detroit instituted
The lessee in the lease agreed to stamp both issues of the bonds with a None
Foreclosure.-On May 17 1913 the UnionCourt
at Detroit. The amount
S. Dist.
guaranty of the interest-principal is not guaranteed.-V.67. p. 482.
foreclosure proceedings in the U.stated
V. 96, p. 1488. On
as
$429,500.
was
1903
-Trolley
of
5s
Railway.
M.
(d) Nashua Street
due on the 1st
ORGANIZATION.-Incorp. Aug. 14 1885. Owns 15.941 miles of main June 25 1915 Judge Killits of the Federal District Court at Toledo ordered
track. Oa July 1 1900 was leased to the Lowell & Suburban for 99 years, the sale of the property. V. 101, p. 370.
ORGANIZATION.-Incorporated in Ohio in 1902.
and lease now runs to Bay State Street Ry.
Date. Interest. Outstanding. Maturity.
Rental.-Dividends are payable Jan. and July at the rate of 4% in 1901.
STOCK AND BONDS$428,400
of
lease.
years
98
the
remaining
for
6%
and
1902
in
6%
Common,$750,000,($100)250,000
Interest. Outstanding. Div.& Mat. Pref,$250,000.($100)6% n-c_ _
STOCK, BONDS,&C.- Date.
353,500 Nov 1 1933
1903 5 g M-N
($50(1
gold
$1,000,000,
See
text
M,
$325,000
1st
$100)_
Stock, $325,000 (par
Tr,
Union
at
Detroit, Trustee.
Co.,
Int.
c*
4 g A-0
150.000 Oct 1 1931
and $1,000)
First mortgage, $150,0001 1901
75,000 Dec 1913
1911 6 quer
c*tf Int. at Old Colony Tr. Co., Boston, Trustee. Rec'vs certfs $75,000 ($1,000
($1,000), gold
for extensions at $17,000 per mile
reserved
are
bonds
-3570,500
interest.
accrued
at
Bonds.
called
and
e
105
may
Bonds.-Entire issue
treasury. No sinking fund and bonds are not
and $76,000 in company's
(e) Winnisimmet (Street) RR,
to call. Int. on receivers' ctfs is payable in Bowling Green.
ORGANIZATION.-Owns 2.0g5 miles of main track. Leased to the subject
ending June 30 1914, gross, $57,940.
year
-For
EARNINGS.
Lynn & Boston for 999 years from 1880 at $3,000 per annum. Capital stock
between Tontogany, 0., and WoodROAD.-Operates 25 miles of track
is $50,000; par $50. Dividends in 1894 to 1913, incl., 6% per annum.
b. T rail. Connects at Tontogany with Ohio
ville. Standard gauge, 60-l
Bowling Green & Southern
Toledo
with
Green
Bowling
(f) Newport & Fall River Street Ry.
Elec. Ry. at
01“:AN IZATION.-Organized by special Act on Feb. 23 1898. July 1 Traction Co., at Pemberville with Toledo Fostoria & Findlay Ry. and at
Furnishes electric light and power
1900 consolidated with Newport St. By. Has also consolidated with New- Woodville with Lake Shore Elec. By. heating.
port Illuminating Co. Embraces 21.935 m. of main track in and between at Bowling Green, as well as hot-water
Newport and Fall River; also electric lighting. Was leased on July 1 1901
OFFICERS.-Pres.. Robt. Place; V.-P., E. H. McKnight; Sec., II. G.
for 99 years to the Old Colony St. Ry.(since merged in Boston & Northern, Mulkey; Treas., II. C. II arding.-V.92.1). 1243; V.93. p. 706. 1786: V.94,
and
on
annum
bonds.
per
int.
6%
p. 346; V. 101, p. 370.
of
rental
a
for
Ry.)
St.
State
Bay
now the
P. 207; V. 96, p. 1488; V. 99,
The Mass. Elec. Companies disposed of its holdings in Feb. 1902.
additional
of
the
$100,000
issuance
auth.
stockholders
In Aug. 1915
BRATTLEBORO, VT.
stock and $123,000 bonds in accordance with lease to Bay State St. Ry.
C
CO
oratedin
ELECTRIC
TWIN
Those amounts are not included in the table.
Onnecticut on Aug. 26 1906 and
ncorp
A -incorporated
N
N.
G
O
I
E
T
RGANIZATIO
T
A
A
Z
T
I
S
N
A
G
O
Interest. Outstanding. Maturity.
the
Ry.,
Brattleboro Gas Light Co., the
Street
STOCK,BONDS,ETC.- Date.
Brattleboro
acquired the
J-J
$950,000 See text.
Stock, par $100
Co.(V. 83, p. 562), the Bennington Electric Co. and the
Light
Gas
Dover
240.000 Aug 1 1918
Newport & Fall River 1st 1898 5 F-A
Illuminating Co. In Oct. 1913 acquired the St. Johnsbury
Falls
Hoosick
tf American Trust Co.. Boston, Trustee.
Lt. & Power Co. and the Berlin
mortgage
Co. and in April 1914 the Cascade
573,000 July 1 1954 Electric
light and power to Dover, Rochester,
Consol mortgage.$1,000,000, 1904 4A J-J
Elec. Co. Furnishes gas, electric
c*&rtf Int. at Am. Trust Co., Boston, Trustee.
and
N. H.; Brattleboro, St.
Hinsdale,
Berlin
gold ($1,000)
Somersworth,
Falls,
63,500 Oct 1 1925 Salmon
6g
and Bennington Centre, Vt., and Hoosick
Newport Illuminating Co 2d
Johnsbury, North Bennington Brattleboro
tf Central Trust Co., New York Trustee
St. By. Control is held by the
mortgage. gold
operates the
and
Y.,
N.
Falls,
Bonds.-Or the remaining consol. mtge. bonds. $304,000 are reserved to National Light. Heat & Power Co., control of which was in turn acquired
in Oct. 1912. V. 95, p. 1750.
etire prior liens and $123,000 for future additions at 50% of cost. Not by
the Middle West Utilities Co.
Date. Interest. Outstanding. Maturity.
edeemable. V. 79, p. 213. 501, 1462.
STOCK AND BONDS$1,250,000
($100)$2,500.000,
Common,
1,500,000
BOSTON & WORCESTER ELECTRIC COMPANIES.
%cum)$2,500,000($100)
See text. Oct. 1 1953
ORGANIZATION.-This is a voluntary association organized under a Pref(5
5%
ntf
$10.000,000_
M.
ref.
&
1st
1,040,000 Oct 1 1926
trust agreement dated Dec. 29 1902. Its property consists of the entire corn. 1st ref M , $1,500,000 g ($5001 1906 4A A-0
stock,$140,000 1st mtge. bonds and $185,000 "notes payable" of the Boston
Ott Int. at Columbia Trust Co., N. Y., Trustee
& $1,000)
720,900 Oct. 1 1916
At Worcester St. By. It has issued 33,936 4% cum. pref. shares and 34,614 Convertible
314 1913 5 g A-0
notes
gold
Interest payable at New York.
corn. shares, no par value; but in case of liquidation pref. shares receive $10()
000,000 (31,000, 3500, and;
each before the participation of common. In Jan. 1905 was listed on Bosc*.ntl(Union Trust Co., Trustee.
$100)
issue
to
by
present
the
amount
135,000 Sept 1 1925
ton Stock Exchange. Stock was increased
5
1905
Dover Gas Light con mort-1 Union
Safe Dep. & Trust Co., Trustee.
tff
in July 1906 of 6.000 shares common and 6.000 pref., which was offered to
gage, $500,000 mortgage.1
250,000 Sept 1 1917
shareholders at $105 for a block of one preferred plus one common share.
1897
Gas & Elec.
United
ntf f Union Safe Dep. & Trust Co., Trustee.
REPORT.-For year to June 30 1914(V.99, p. 891): Dividends received
$250,000
69.000 Feb 2 1923
5
income,
total
•
misc.
mtg
ntf
1903
Income.
$15,350;
355.687;
By.
stock,
Co
from B.& W. St.
Brattleboro Gas L
1935
$71,037; expenses, $1,714; pref. div., $67,872; surplus, $1,451.
Hoosick Falls Illuminat'g ColColumbia TrustOo., N.75,500
Y.. Trustee.
tfj
DIVIDENDS.-First div. on pref. stock, $2, paid July 1 1904; $2 Jan.
$150,000_
1930
65,000
$4; in 1909, $2; Hoosick Falls Electric Col
1905 and $2 July 1 1905; in 1906, $4; in 1907. $4; in 1908,
tffOld Colony Trust Co., Boston, Trustee,
when $1 was paid; July. $1; in 1913,
$75,000
in 1910, Jan., $1: none to Jan. 1912,July,
1923
64,000
$1; in 1915, Jan., $1; July, $1.
Bennington Water Power &1
Jan., $1; July, $1; in 1914, Jan., $1;
Trustee.
OFFICERS.-Pres., William M. Butler; V.-P., A. E. Childs; Sec. &
& Light Co $100.000- _ntf American Loan & Trust Co.,
1929
12,500
Treas., George A. Butman. V. 89. P. 1662; V. 90, p. 1674: V. 91. p. 1764: Bennington Water Power &t
ntffOld Colony Trust Co.. Boston, Trustee.
Light Co $30,000
V.93, p.795, 1018, 1667; V.95.p:749,815: V.99, p.815,891, 1748.
1935
98,500
Bennington Elect Co $175.Y..
Boston & Worcester Street Ry.-Trolley.
Trustee.
tf Golumbla Trust Co., N.
000
ORGANIZATION.-Incorporated in Massachusetts on Nov. 16 1901.
1 1929
Mar
R0,000
M-S
5
1909
M__tf
1st
Co
El
Owns the Framingham Union Street Ry., Fram- St Johnsbury
Franchise perpetual.
5s, 31,889,500 are reserved
-Of the $10,000,000 auth. 1st & ref.
ingham Southborough & Marlborough Street By. and the Marlborough forBonds.
are hold as collateral for the
$865,000
and
outstanding
bonds
present
Mass,
RR.
In
granted
Commission
1907
Ry.
March
& Framingham St.
notes are convertible in amounts
convertible notes of 1913. The convertible
entire line.
right to do an express and freight business over
before maturity into 1st & ref. 5s,
or multiples thereof any timebonds
On Feb. 21 1911 Mass. RR. Comm. auth. an issue of $397,200 6% cum. of $100
at 93. $865,000 1st & ref. 5s
the
and
par
at
taken
be
to
notes
the
of
2
$297.000
1911),
which
Feb.
by
stockholders
($100) pref. stock (auth.
98. p. 156.
pledged as security for the issue. V.Brattleboro.
was used to retire like amount of common issued in 1910(V.90, p. 625) and areROAD.
5 miles of track in
-Operates
724.
92,
p.
V.
394.
525,
659.
debt.
floating
fund
to
remainder
OFFICERS.-Pres., I. L. Meloon; Sec., A. D. Foster; Treas.. W.G.
In Nov. 1912 made a contract with the Boston Elevated Ry. for the
offices, Dover, N. H. V.83, p. 499; V.95, P. 1750; V.98,
operation of express cars over that company's tracks to the freight express Meloon. Gen.
156.
D.
Ave.
Harrison
terminal on
from
raised
6c.
5c.
to
Fares.-In 1909 single fare unit
• BRISTOL, CONN.
Date, Interest. Outstanding. Maturity.
STOCK AND BONDS-A trolley road.
$2.025,000 Dec'14,1A
THE BRISTOL & PLAINVILLE TRAMWAY CO.
Stock, corn ($100)
and power, gas and steam heat.
light
M-S
electric
Mch'15,
397,200
3%
___cum.
furnishes
Also
6%
($100)
$397,200
Prof,
plant was comgas
A
Sept.
1893.
-Organized
21
ON.
19(§
g
1
Aug
-A
F
4A
2,400,000
ORGANIZATI
1903
$2,-1
Best & Wor 1st mortgage,
(Interest at American Trust Co., Bos., Trus. pleted in 1906. Franchises perpetual. In Aug. 1906 a majority of stock
500,000. gold (31,000)c*tf,
5
60,000 Jan 1 1919 was pooled for 5 years. In Aug. 1911 pool was renewed for 6 years more,
---Frain So & Marl 1st mtg _
lInterest at American Trust Co., I3os., Trus. but this was dissolved, it is stated, in Nov. 1913. In Dec. 1913 Richter &
V. 97, p. 1662.
*185,000
Co. of Hartford, Conn., purchased control of the property. increasing
Notes payable May 1 1915
outIn August 1908 a stock dividend of 50% was declared,
* All held by B. & W. Electric Cos.
414.
96.
p.
87.
V.
since
On
$375.000.
corn,
Issued.
3%
semi-ann.
paid
to
amount
standing
Dividends.-On pref. 3%
In Oct. 1914 stock was increased from $375,000 to $562,500, new stock
July 1904; also 3% semi-ann. until Dec. 1908, when 134% was paid. In
Dec., 1%:in 1912. June, being issued May 1 1915.
1909, June, 1A 70; in 1910. Jan., 1 A %;in 1911, Dec.,
Date. Interest. Outstanding. Maturity.
13,1%. In 1914,
STOOK AND BONDS1A%; Dec., 1Y.,%. In 1913, June, 131%;
°
$562,500 Aug '15, 27
Stock, $1.000,000 ($100
June, 13%; Dec.. 13,5%.
540,000 Nov 1 1941
4A g M-N
1905
gold{
$600,000,
1st
mortgage
REPORT.-For year ending June 30 1914 (V. 99, p. 891). gross, $716,Bristol.
Bank,
National
Bristol
at
Interest
($500 and $1,000)
935; net, $251,859; int., & taxes, $167,363; diva. paid, $79,519; surplus,
Treasurer of State of Connecticut, Trustee.
$4.977.
Bonds.-Are subject to call after 6 years at 102; after 10 years at par.
ROAD.-Owns and operates 83.17 miles of track.a considerable portion
June 30.
ending
years
EARNINGS.-For
Boston and Worcester, including an
Interest
over private right of way, between Has
Railway Gas & Elec.
Railway
79 cars.
extension to Natick. Rails, 75-lb.
& Taxes. Dividends. Surplus.
Net.
Ltg.,
Net.
Gross.
YearOFFICERS.-Pres.. William M. Butler: V.-P., A. E. Childs; Sec. and 1914 _$108,891
$5,520
$37,500
$31,036
$38,189
$35,866
1,170
Treas., Geo. A. Butman.-V. 90, p. 625, 770; V. 91. p. 869, 1628: V. 92. 1913 - 100,585
30,000
30,703
26,117
35,756
p. 394.525,659,724; V.96, p.1020, 1421; V.99, p. 1299.




I

SEPT., 1915.1

ELECTRIC RAILWAYS

ROAD.-Operates about 13U miles of track laid with 56 and 60-11;o. Trail
from Bristol to Plainville, with branches to Lake Compounce and to
Terryville. Standard gauge, 29 cars, 3 snow plows and 1 work car.
OFFICERS.-Chairman of board, Chas. H. Tenney; Pres.. A. B. Tenney; V.-P., D. E. Manson; Sec.-Treas., Morris L. Tiffany, Bristol, Conn.;
Manager, G. E. Cockings. General Managers, Chas. H. Tenney & Co.
v. 95, p. 1330; V. 97, p. 1662; V. 98. p. 154, 1535.

15

Brooklyn, to 38th St., near 9th Ave., Brooklyn, and in June 1907 increased
Its stock from $150,000 to $500,000.
Through elevated train service from Broadway Ferry adjoining the
Wllliamsburgh Bridge, to Canarsie was instituted July 30'
1906 (V. 83. p.
271); through service over the bridge to Delancey St., N. Y. was put in
operation on Sept. 16 1908, the connection from Broadway'
Elevated to
Bridge structure having been completed.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agreement with the city for operation of trolley cars over the new Williamsburg
BRISTOL, VA.-TENN.
Bridge. See V. 78, p. 2013, 2386. Later the Bridge Operating Co.
BRISTOL TRACTION CO.
ORGANIZATION.-Incorp.in Virginia. Was formerly the Bristol Belt was formed. with $100,000 capital, to operate local service on the bridge.
Line By. Co. but on Sept. 7 1911 filed a certificate changing name to above See V. 79. p. 626. Notice of Intention to terminate the contract between
title, and increased auth. stock from $100,000 to $300,000, and par of shares the companies operating over the Williamsburgh Bridge and the city,
from $50 to $100. V.93, p. 1323. Owns entire stock of Holston Valley By. namely the Brooklyn Heights RR., the Bridge Operating Co., the Coney
Island & Brooklyn RR. and the New York RR., as ass4nee of the New
STOCK AND BONDSDate. Interest. Outstanding. Maturity. York
City Rya, was given Sept. 1 1914 by Bridge Commissioner Kracke.
Stock $300,000 ($100)_
$143,800
Contract
was to have terminated Aug. 31 1915, but time was extended to
Mortgage $300,000 ($1,000) 1911 5 A-0
163,500 Sept. 15 '41 Nov. 30 1915
and negotiations for a renewal of the contract are under
callable at 105
U. S. Trust Co., Washington, D. U. Trustee
ROAD.-Operates 15.3 mites standard-gauge electric line in Bristol and way. On Nov. 15 1912 the Appellate Division of the Supreme Court,
between Bristol and Big Creek Park, on the Holston River. 11 passenger, First Dept., affirmed the order of the P. S. Commission reducing the fare
charged over the Williamsburgh Bridge from 3 to 2 cents,or three tickets for
1 freight and 1 flat car.
cents. V. 95, p. 1402, 1471. Through surface cars are operated over
OFFICERS.-Pres.,B. L. Dulaney,* V.-P.& Gen. Mgr..Fred. Dulaney, 5
Brooklyn Bridge by Brooklyn Heights RR., Nassau Electric RR.,Brooklyn
Sec. & Treas., Wm. Eberhart.-V. 93, p. 1323.
Queens County & Suburban RR. and Coney Island & Brooklyn RR.
Surface cars began to cross this bridge in Nov. 1904. V. 79, p. 2084.
BROOKLYN, N. Y.
Decision in Suit Against Brooklyn City RR.-On June 8 1912 the Appellate
BROOKLYN RAPID TRANSIT-(See Maps, pages 16 and 17).
Div. of N.Y.Supreme Court, 2d Dept., handed down
a unanimous decision
ORGANIZATION.-Organized Jan. 18 1896, per plan in "Chronicle," affirming, to the extent of $1,740,258
principal (with int. from March 3
V. 60, p. 1145. to succeed to the property of the old Long Island Traction 1910, amounting to $1.616.680;
total, 93,356,938), the judgment awarded
Company, foreclosed, syndicate headed by the late ex-Governor Flower by the lower Court(V.90,
p. 558; V.80,p. 1174; V.70, p. 841) in the suit
having then bought control. Is not a railroad corporation, but was or- (begun in April 1901)) of Brooklyn
Heights RR. against the Brooklyn City
ganized under the Business Corporation law of New York to hold the stocks RR. to recover moneys
the Heights Co. claimed should have been
and bonds of railroad companies and to aid in the construction and equip- expended by the lessor in which
fulfilment of the terms of the lease of Feb. 14 1893.
ment of railroads. Franchises are perpetual.
but modified the judgment of the lower Court by excluding
interest, leaving
ASSETS.-The following is a statement of the stocks and bonds owned the amount of the modified judgment
$1.740,258. V. 94, p. 1565, 1625.
by the Brooklyn Rapid Transit system June 30 1915.
Both parties to the litigation then appealed to the
Court of Appeals.
Stocks.
Brooklyn City By. in July 1910 reduced its dividend to 2%
;i of 1%
Entire capital stock Brooklyn Heights RR. Co.(par)
$200,000 being retained quarterly and set aside in a special fund. quer,
V. 91,_P. 93.
Entire capital stock Bkln. Q'ns Co. & Suburban RR. Co.(par)_ 2,000.000 Oct. 23 1913 agreement of settlement
was executed by the Brooklyn
Heights
Entire corn. stock of the Nassau Electric RR. Co., par
8,500,000 RR. and the Brooklyn City RR. providing for the payment of $1,650,000,
63,943.75 shares out of 65,000 shares of the 4% cumulative pref.
of which $900,000 was paid in cash on Nov. 1 1913 and the balance ($700.stock of Nassau Elec. RR. Co., par
6.393,475 000) in quarterly installments of $50,000 with int. at 59" from Nov. 1 1913
47,859.85 shares out of 50,000 shares of the 5% non-cumulative
until paid (see annual report for year ending June 30 1914 in V 99, p. 348)•
pref. stock of the New York Consolidated RR. Co., par_ --- 4.785.985 It was expected that the full 10% dividend would
be resumed from and after
131.308.31 shares out of 139,000 shares of the common stock
Oct. 1 1917. V. 97, p.1285. Payments, however, have
of the New York Consolidated RR. Co., par
13.430.831 and as of June 30 1915 only $200,000 remained unpaid. been anticipated.
Entire stock of Coney Island & Gravesend By. Co., par
350,000
Special Franchise Tax Reduced.-For decision allowing for obsolescence
647.82 shares of Brooklyn Rapid Transit Co., par
64,782 in fixing special franchise tax. see V. 91, p. 1511.
Entire capital stock of South Brooklyn By., par
500,000
Purchase of Coney Island & Brooklyn RR.-In Dec. 1913 the subsidiary
9.800 shares out of 10,000 of the American Railway Traffic Co.
Coney Island & Gravesend Ry. received permission from the P. S. Comm.
(owned by Transit Development Co.), par
980.000 to purchase 32,637.000 of the 52,983.900 outstanding
of the Coney
Entire capital stock of the Transit Development Co., par
500,000 Island & Brooklyn RR. V. 96,P. 1020. 1088; V.97,P.stock
1897.
500 shares of the Bridge Operating Co.. par
50,001)
Transfers.-On Mar. 27 1914 Public Service Commission issued
2.000 shares of N. Y. Municipal Corp., par
200,000 anUniversal
order providing for a universal system of transfers among surface
925 shares out of 1.000 shares of N. Y.& Coney Isl. RR.Co.__
92,500 lines in Brooklyn,
and this was
by the several operating companies
500 shares out of 500 shares Pros. Park & South Bklyn. RR.(Jo_
50,000 In the Brooklyn Rapid Transitaccepted
System, and became effective June 1 1914.
26,833 shares out of 29,839 shares Con. Isl. & Bklyn RR
2,683.300 The new
makes
order
total
a
of
transfer
1.008
BOO shares Bklyn. & North River RR. Co
50,000 the order became effective. V. 98, p. 911, points, as against 721 before
1070, 1692.
100 shares DeKalb Ave. & No. Bklyn. RR. Co
10,000
The Transit Development Co. was organized in April 1903 under the
25 shares Coney Island & Brooklyn Terminal Co
2,500 Business Corporation
with 925,000 capital, and is owned exclusively
100 shares B'way Subway & Home Bor. Car Adv. Co
10,000 in the interest of theLaw,
Brooklyn Rapid Transit Co. It is authorized to
Bonds.
$40,854,273 manufacture and sell power and to do general contracting work. On
*1st M 57, bonds Bklyn. Queens Co. & Sub. RR.(par)
$2,000,000 March 1 1907special arrangement was made by which the concern will furnish
1st con M Bklyn. Q'ns Co.& Sub.(owned by Bklyn. HU Co.)...
50,000 power and take charge of the maintenance and repair of all the railway
*1st mortgage 5% bonds Brooklyn City RR.(par)
1,627.000 properties in the Brooklyn Rapid Transit system, including their equip*Refunding gold mtge. 4%, Brooklyn City RR
725,000 ment. V.84. p. 569. In June 1907 capital stock was increased to 9500.000.
*Gold 5% bonds Brooklyn Rapid Transit
30,000
The Transit Development Co. In Dec. 1913 acquired a tract of about
Ref mtg 4% bonds Brooklyn Rapid Transit Co
20 222,000 90 acres in the Gravesend section of Coney Island. V. 98, p. 72.
Ref mtg 4% bonds B. R. T.(owned by Nassau El. RR.)
1.761,000
The American Railway Traffic Co. was incorporated in Jan. 1904 with a
Consol mtg 4% bonds Nassau Elec RR
1.161,000 capital of 31,000,000 (of which $980,000 is owned by the Transit DevelopConsol mtg 4% bonds Sea Beach By.(owned by Nassau Elec.
ment Co.)for the purpose of hauling and disposing of city's ashes and refuse.
RR. Co.)
22,500 Contract with city expiring Dec. 27 1908 was not renewed and company
Jamaica & Brooklyn mtge. bonds
8,000 is in process of dissolution.
N. Y. Municipal Ry. Corporation
39,699,000
Advertising.-On the expiration of its contract with the Inter-City Car
Coney Island & Brooklyn first consol. mortgage
13,000 Advertising Co.on April 30 1915, the company decided to handle the adverConey Island & Brooklyn consol. mortgage
tising,
732,000
vending and news privileges itself, and on May 21 1915 the BroadBrooklyn City & Newtown mortgage
7.000 way Subway and Home Boroughs Car Advertising Co. was incorporated
to
carry out the plan. Joseph P. Day is Pres. and L. C. Sanford, Sec. &
$68,057.500
*The entire amount of B. Q. C.& Sub. RR. 1st 5s and Bklyn. City RR. Treas. V. 100.p. 1831.
Atlantic Ave. Franchise.-On Aug. 24 1915 an agreement was reached
let 5s: also $125,000 out of the $725,000 B. C. RR.ref. 45 hold, and 325.000
out of the $30,000 B. R.T.gold 5s and $250,000 B. R.T.ref. mtge. 4s held, over the terms of a franchise for a line on Atlantic Ave., under which the
compose guaranty fund for performance of Brooklyn City RR. Co.'s lease.
company may construct and operate a two-track road from Flatbush Ave.
New Subways and Extensions.-An agreement was reached in May 1912 to Shepherd Ave.. East New York, about 5 miles, connection to be made
as to how the routes of the new dual subway system in lower Manhattan with existing tracks at about Atlantic and Fifth avenues. Under the agreeshould be apportioned between the Interborough and Bklyn. Rapid Transit, ment, franchises for the proposed Eighth Ave., Fresh Pond Road and
and the Court of Appeals at Albany having on June 29 1912 affirmed the Metropolitan Ave. linos are also to be granted. See V. 101. p. 772.
decision of Justice Blackmer (V. 94. p. 1057) holding to be constitutional
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
the terms of the proposed contracts with the Interborough and B. R. T., Transit.-In May 1907 the New York State RR. Comm. consented to
the
formal contracts were drawn up by the P. S. Comm. and were signed
Sea Beach By., the Canarsie RR. and the South Brooklyn Ry.making
on
Mar. 19 1913. V. 96, P. 862. See caption "Rapid Transit in New York mortgages of $2X/00,000. $2,000,000 and $4,000,000,respectively,to secure
City" in V. 94, p. 1384, 1449, 1566; V. 95, p. 48. 111. 237, 1040; V. 96, certificates of indebtedness issued by those companies to the Brooklyn
p. 63, 136, 488, 716, 864. The new subway lines, built and to be built Rapid Transit for moneys advanced for additions, betterments. &c. In
jointly by the Brooklyn Rapid Transit and the city, are as follows:
June 1907 Brooklyn Union Elevated authorized a mtge. for 920,000,000
(a) Subway line traversing the Borough of Manhattan from the Battery and the Nassau Electric for $5,000,000 for same purpose; but in
July
to 59th St., mostly on Broadway, and connecting by tunnel under the East Public Service Commission denied application for the approval of these1908
latRiver with subway lines in Brooklyn, with rights over the Brooklyn, Man- ter two mortgages. See particulars V.87, p. 224. No bonds will be issued
hattan, Williamsburg and Queonsboro bridges. (The Board of Estimate
under
any
mtges.
these
of
which
are
created
simply
to secure the certifiin
July 1915 decided to make the connection with the Queens lines by tunnel cates of indebtedness as issued from time to time. The certificates cannot
under the river instead of over the Queonsboro Bridgd.)
be issued at less than par and are deposited under the Brooklyn Rapid
(b) Centre St. loop,connecting the different bridges and extended through Transit first refunding mtge. V. 84. p. 1181, 1246, 1550.
Nassau and Broad Sts., Manhattan, to a connection with the lower East
Stock Increase.-On Jan.3 1913 increased its auth. stock from $45.000.000
River tunnel and the 4th Ave. subway in Brooklyn, with extensions to to $90,000,000. The new stock was issued from time to time up to
1
86th St. and Coney Island. Two tracks in the Centro St. loop were placed 1914. exclusively for the conversion of 4% bonds of 1902. V. 96, p.July
61.
operation
Aug. 4 1913 (V. 97, p. 297) and the other two were placed in
In
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
operation from time to time during the year 1914-15. The reconstructed Stock,
($100)Q-J
$74,455,218 Oct '15, 1H
Sea Beach line was placed in operation May 1 1915 from Gist St. and Third Brook $90,000,000
Rap Tr 1st ref mtge.
,f 1992 4 g J-J
z3,459,000 July 1 2002
Ave. to Coney Island. The Fourth Ave. Subway was formally opened
5150,000,000. gold_ c*&rtf Central Trust Co., N. Y., trustee. C01113011
Juno 22 1915 with two tracks in operation.
bonds ($1,000); registered ($1,000,$5,000)
(c) Subway line extending from 6th Ave. and 14th St.. Manhattan, Brook Rsp Tran gold mtge, 1895
5 g A-0
17,000.000 Oct 1 1945
across Manhattan, under the East River, to Wyckoff Ave., Brooklyn, and
$7,000,000
c*ntt d Int. at Central Tr. Co.. N. Y., trustee.
thence an elevated line to East New York.
lt T secured notes $60,000,- 1912
5 g J-J
39.699,000 July 1 1918
(d) Subway line in Brooklyn connecting Manhattan Bridge with the
000 ($1,000). gold_ ___cstf Interest at Central Trust Co.. N. Y., trustee
Brighton Beach RR.
Brooklyn City RRIn addition to the above, there are several extensions of present lines to
Refund mtge, $6,925,000i 1906
4 g F-A
z725.000 May 1 1958
be built by the company as well as third tracking and making additions and
41.000)
ntf Long Island L & Tr Co, Bklyn, trustee.
improvements to existing lines, some of which have already been completed
First consol mtge
nt 1891 5 J-J
1/4.373,000 °July 1 1941
and others are expected to be completed in the near future. Bee report for
New W & Flat 1st M.._ ntf
4 F-A
200.000 July 1 1941
Year ending Juno 30 1915 in V. 101. p. 376; also V. 101, p. 845. Tho esti- Brooklyn
Heights RR fir/ 1891
5 A-0
250,000 Apr 1 1941
mated cost of construction to the city is $100,500,000 of construction and
mortgage
tf Int.at People's Tr. Co.. Brooklyn, trustee.
equipment to the company,$65,000,000.
Queens Co & Sub 1894 5 g J-J
e3.500,000 July 1 1941
See N. Y. Municipal Ry. Corp.-organized to carry out company's Brooklyn
first mortgage
ntf Guar. Trust Co., New York, trustee.
agreement with city-on a subsequent page.
First consol NI, guar p & 1 1894
5 g M-N m2,884.000 *July 1 1941
As to financing of the new construction work by the B. R. T.,see Secured
(end), $4.500,000_ _.ntf Central Trust Co., New York, trustee.
Gold Notes in table below, and text relating thereto, and also V.94, p. 1694.
Jamaica & Brook RR first 1889 5 g J-J
J240.000 Jan 1 1930
The Brooklyn City RR. Co. is held under a 999-year lease dated Feb. 14
mortgage
tf Central Trust Co .. New York, trustee.
1893, guaranteeing all fixed charges, organization expenses, taxes and 10%
By
Beach
Sea
Consol
mtge,
1896
g650.000Sept 1 1918
4
11
M-S
$12,000,000
of
stock. The lease is nominally to the Brooklyn
dividend on
guaranteed
ntf W. M. Grinnell, W.0. Platt & Wm. Man
Heights RR. Co., but the Brooklyn Rapid Transit Co. owns the entire
capital stock of the Brooklyn Heights Co. In 1898 the Heights Company
Brooklyn Union Elev 1st M. 1899
5 g F-A
16,000,000 Feb 1 1950
leased the Brooklyn Queens County & Suburban RR. The lease was reguaranteed
tf Int. at Central Tr. Co., N. Y., trustee.
newed year by year, rental being fixed charges, taxes and organization ex- Kings Co Elev first mtge,
1899 4 g F-A
7,000,000 Aug 1 1949
penses. On July 1 1901 the B. Q. C.& S. began operating separately again. 37,000,000($1,000
Int. at Central Trust Co., N. Y., trustee.
On April 1 1899 the Heights Company temporarily leased the Nassau Elec- Nassau El BR Co).8(gu)ntr
cons M 1898
4 g J-J
p10.347,000 Jan 1 1951
tric RR. Later permanent leases were made, but on June 301904.presumabonds($1,000).515.000.- Guaranty Trust Co., N. Y.. trustee. Bonds
bly in consequence of a decision (V. 79, p. 102) compelling the issuance of
000
cs&rtf guar. by end. by Bklyn. Heights RR.
transfers, the lease of the Nassau Electric RR. was canceled.
First mtge bonds
F A-0
tf 1894
66000 Apr 1 1944
The Brooklyn Heights RR.in April 1899 leased for the period of 999 years
Trust Co.. N. V'.. trustee.
the Prospect Park & Coney Island RR. (see terms under the latter), the Atlantic Ave. gen mortgage Hamilton
1891
5 g A-0
c2.241,000 Aur 1 1931
New York & Coney Island RR. and the Prospect Park & South Brooklyn
gold
Brooklyn
ntf
Trust Co., trustee.
RR., but the leases of these companies were assigned in March 1907 to
Atlantic Ave improvement, 1894
5 g J-J
220,000 Jan 1 1934
South Brooklyn By., which had been acquired by purchase in Feb. 1902.
($220,000)
tf Central Trust Co.. New York. trustee.
V. 74, p. 479. In July 1912, however, the South Brooklyn By. acquired bB Bgold
&
W
E
1st
mortgage.
5 A-0
250,000 Jan 1 1917
495 out of 500 shares of P.P.& So.Bkiyn.stock and 820 out of 1.000 shares
Series B
tf Title Guar.& Trust Co., trustee.
of N. Y.& 0. 1. V.95,P. 47. The South Brooklyn By. owns the doubleB. B. & W. E. general 1893 5 g A-0
121.000 Oct 1 1933
track road (1)i miles) extending from New York Bay, near 38th St.,
gold
tf Franklin Trust Co.. N. Y., trustee.







MAP SHOWING THE

SURFACE TROLLEY LINES

ATT

\,
MAS

tT'
\

JAMAICA

NEW YORK MUNICIPAL
RAILWAY
ENLARGED
RAPID SYSTEM, MANHATTAN
BROOKLYN AND QUEENS—SHOWING LINES,
TRACKS, AND APPROXIMATE RUNNING
TIME TO AND FROM CITY HALL.

BAYS!DE

•".=

C.;,t

CORONA PARK

St. Johns
Cenieter
ENDALE

CORONA HEIGHTS

FLUSHING
BAY

k9
, \17iTON

BEACH
,\\\

E WCe\

T 0 W

NASSAU
NEWTOWN HEIGHT

COLLEGE
POINT

Coney Island
Jockey;Club

tir
e:hianid
r !
ark
Euergre°efntsh('

S

Brighton each
Racing

SOUTH
GRE FIELD

&7‘.

CO

ORONA

Brooklyn
key Club

7Mt.Oliuet
Cem.
IVIASPETH
WINFI D HYATT
HEIGHTS

•?i

- \it

MALVINA
,,o(N1k

V
RAVESEN
BAY
IeCtsos Pt

RIKER8
ISLAND

FOURTH AYE.

NE
91?
LIWan
Bay

E.
THIRD

AVE.

co

FIFTH
AVE.
1
/
1
2
;
SEVENTH




AVE.

AVE.:
17

T

ATEN

_LINE

CENTRAL PARK

It

13

S

LAND

AVMrJIVII DIILLD aria

MANHATTAN
•\`
EACH
CI

18

ELECTRIC RAILWAYS

[VOL. 101.

1912.
1913.
1914.
1915.
Expenses—
$1,636,713
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS—
of way.,.,.. $2,391,815 $2,021,647 $1,678,124
4
n$301.000 Jan 1 1966 Maintenance
2,155,13
8
5 g J-J
0
2,202,20
1
2,315,99
2,401,84
t..__
N Y Mun Ry Corp 1st Mtge 1912 at
equipmen
1,404,160
Central Trust Co., New York. Maint. of
1,421,123
1,463,284
5100,000.000 ($1,000 and Interest
Operation of power plant 1,553,178
5,450,673
Trustee.
5
5,635,457
5
6,216,15
c*&r tf
6,532,26
$500) gold
cars
of
n
Operatio
1
1948
s2,000,000 July
978,611
J-J
884,237
828,742
922,260
Coney Is{& Bklyn 1st consol 1898 4 gTrust
Co., New York, Trustee. Damages & legal oxp
733,294
746,871
822,857
819,754
M $2.000,000 gold.. _ _ _ntf Mercantile
k2,232,000 Jan 1 1955 General expenses
252,763
264,324
325,055
338,414
Consol mortgage 510,000,- 1904 4 g J-J Co..
expenses
mail
&
Freight
New York. Trustee.
711
Trust
le
1,112
823
Mercanti
____c*tf
854
($1,000)
gold
exp.
000
h2.000,000 July 1 1939 Amer. Ry. Traf. Co.
1,775,041
5 J-J
1,750,083
1,752,880
1,700,035
Bklyn City & Newtown 1889
New York. Trustee. Taxes
let M 52,000,000___ntf Mercantile Trust Co.,442,662
5%
$16,660,416 $15,747,433 $14,583,539 $14,387,100
Real estate mortgages
Total
—
$9,767,270 39,810,817 $9,568,749 $8,839,450
Rental payments in addition -- Payment offixed charges
317,991
Q.-J. 15, 999 yrs_51,200.000 Net earnings
339,917
451,772
438,715
Brooklyn City RR. stock, 512,000,000, 10%rental
income
45.000 Other
yearly
RR.,
Island
&
Coney
Park
Prospect
b Sub].to call anytime.
$10.205,985 $10,262,589 $9,908,696 $9,157,441
* Subj.to call July 11916. a Subj.to call 1916.
income
Total
In
call
to
subject
5,446,219
5,411,768
4,946.884
4,693,424
c Atlantic Avenue general mortgage 5s of 1931 were
have been stamped, Fixed charges (net)
1909, but many of them (how many is not known)
22
$5,512,561 55,315,705 54,496,928 33,711,2
releasing them from the liability to call. was trustee of this mortgage until
Surplus
1
d The Central Trust Co. of New York
(6%)4.467,318(6)3,660,048(53j)2440,770(5)2,239,85
Trust Dividends
the
with
ated
consolid
(since
Co.
Trust
Colonial
Oct. 1903, when the
e Trust Co.) was
51.045,243 $1,655,657 $2,056,158 $1,471,371
Co. of America—the latter being merged into Equitabl
Balance
; Chairman of Board.Nicholas
substituted.
Co.
OFFICERS.—Pres..Timothy S. WilliamsV.-P., Slaughter W. Huff; Sec.,
e Includes $2.000.000 held by Brooklyn Rapid Transit
V. Brady; V.-P. & Treas.,0. D. Meneely;Offices,
by B. R. T. Co.
85 Clinton St.. Bklyn.
Abel.
I Includes 38.000 owned
Howard
J. H.Bennington: Comp.,
1203, 1285, 1293, 1897; V. 98.
g Includes 522.500 owned by B. R. T.
V. 97, p. 175,297, 361, 376, 442,520, 594,
47, 338, 348, 466, 1213,
p.
99,
h Includes $7,000 held in treasury.
V.
1692;
1535,
1070,
911,
p. 72, 155, 303.
V. 101,p. 366, 376,447,772.
k Includes $732,000 owned by B. R. T. system.
1450; V. 100,p.396,472,732,900,1591,1831;
1 Includes $30,000 owned by B. R.nT. system.
RAPID TRA.NSIT CO.
Transit Co.
NIES CONTROLLED BY BROOKLYN
COMPA
z Entire amount owned by Brookly RapidT.
Co.
RR.
./.Not including $1,627.000 owned by B. ft. T.
(1) New York Consolidated
system.
It.
B.
by
30 1912 as a consolidaNov.
owned
on
000
g
Albany
521,983.
at
includin
rp.
z Not
ORGANIZATION.—Inco
RR., Sea Beach By. and Canarsie
m Including $50,000 owned by B. R. T. system. n Rapid Transit Co.
tion of the Brooklyn Union Elevated
owns or controls $13,430.Brookly
Transit
Rapid
n
Brookly
n Not including $39,699,000 owned by
1608.
p.
RR. V. 95,
and $4,785,985 out of the $5,p Not including $1,161,000 owned by B. R. T. system.
831 out of the $13,900,000 common stock
a Includes 513,000 held in treasury.
stock.
Traction, the old $30,- 000,000 preferred
Municipal Ry. Corp.(which
Y.
N.
the
of
stock
ing
Stock.—In the reorganization of the Long Island
outstand
Owns all the
for the operashare, the old stock being
with the City of New York In 1913
000,000 stock paid an assessment of $10 per 5100
being authorized, holds the contracts made
jointly with the
reduced to $20,000,000, and $7,000,000 of.5% bonds
, &c.) and guarantees its bonds, p. & 1.,
subways
of
tion
against 53.000.000 of Long Island Traction
July, 1%; Oct., 1%. In B. R. T.
N. Y. Municipal By. Corp. under its conDividends.—First div., 1%. paid April 1 1909;
Lease.—All rights, &c., of the
1%; in
Jan.. 1i%; Apr.. 13,
leased and assigned to the New York Consoli1910. 4)%; In 1911 and 1912, 5%; in 1913.
tract with the city have been
1914 and 1915,6%.
In
.
%
1%
nt of N. V. Municipal By.Corp. below.
Oct.,
stateme
quar.;
%
to
1%
d
see
rate
increase
July
the Brooklyn Rapid dated RR. For terms,
1915 leased for 999 years the Nassau
Interest on Bonds. Where Payable.—Interest on two
The New York Consolidated in
Elevated issues is
Island, the consideration being 5247,000,
Coney
at
Transit mortgage of 1902 for 5150.000,000 and nthe
terminal
RR.'s
RR.refunding bonds Electric
City
Brookly
Corp. was authorized to charge against
the
on
RI'.
Co.;
al
Trust
Central
the
Municip
at
payable
bonds, including Atlantic Ave- which the New York
contracts. See V.101,p.447.
at company's office; on the Nassau Electric
tion under the dual system
Tr. Co.. N. Y.; on the Brooklyn the cost of construc
s the New York Consolidated holds,
City.—A
with
nue and West End issues, at the Centraland
Earnings
of
Division
Brooklyn first
&
by the New York Municithe
Jamaica
acquired
es
rights
mortgag
the
all
n
lease,
Suburba
&
Queens County
and on the Sea Beach 1st under assignment and
s with the city, all the earnings will
mortgage at the Brooklyn Trust Co., Bkiyn.;
in the latter's contract
office. 85 Clinton St., Bklyn. pal By. Corp.The
will be on the following basis:
earnings
of
division
mortgage at the New York Consol. RR.Co.'s
on N. Y. Mun. Ry. Corp. 1st M. accrue to it. company, $3,500,000, as representing the net earnings of the
On the B. R. T.secured notes of 1912 and
1. To the
Coney Isl. & Bklyn. bonds is payare to form part of the new rapid transit system.
bonds at Central Trust Co. Int. on all
1st M. at Peo- existing railroads which
company pays interest charges on capital In.
ble at Central Trust Co., N. Y. On Bklyn. Heights RR.
Out of this reservation the
railroads.
Bklyn.
to Mar. 19 1913 in the existing
ples' Trust Co.,
by pledge of equal amount of vestments prior
on Its new investment in construction and equip6%
,
Secured Notes.—The notes are securedCorp.;
company
the
To
2.
company
the bonds of that
n and thereafter interest
nt
By.
operatio
permane
of
g
beginnin
1st M.5s of the New York Municipalby
to the
Brooklyn Rapid Transit and also by ment prior
In turn are guaranteed prin. and int.
pledge of $10.000,000 B. R. T. and 1% sinking fund.
sinking fund on its Investment in cost of
1%
and
interest
the New York Consolidated RR. and byare
city,
the
To
notes
3.
deposited as security for
cony. 4% ref. bonds. Proceeds of notesfor $,
into 1st M.5s of the Munici- construction.
g, after making provision for a moderate continuntil expended. The notes are cony.,$ on and
4. Any surplus remainin
which date they are
and the
to be divided equally between the company
pal By. at any time prior to Jan. 1 1916,int. day after
notice. 5301,- gent reserve fund. is
days'
90
on
ial payments are to be cumulative.
any
on
int.
preferent
and
101
at
option
's
at
co.'s
red.
The company
city.
bonds.
5%
Corp's
By.
al
Municip
Y.
N.
into
d
of Lines Under Contract with the City.
000 of the notes were converte
Results of Temporary Operations
constr., equip. and oper. of new rapid
Aug. 4 '13
Year End.
Remaining notes can only be issued forT.
interests. See V. 94, p. 1694.
June 30 '15. to June30'15
transit lines to be operated by B. R.
1902
20
March
ed
authoriz
rs
ockholde
547
56
$16,391,
$8,560,5
Mortgage for $150,000.000.—St
to
000
559,304,
,000.
Total revenues
10,150.512
5,295,281
first refunding 4% gold convertible bonds for $150.000
system (including the $7,000,000 Total deductions
6,786,448
3,591,001
retire all the then existing bonds of the
preforentials
ions,
acquisit
's
and
company
add'ns
.,
of
on
improvts
for
Proporti
Br. Rap. Transit 5s), and the rest
e provides that a fund of $5.$16,936,960
$8,886,282
as needed from time to time. The mortgag
at all times at the disposal of the comTotal
$545,413
$325,726
ials
000,000 in bonds or their proceeds beSee
reis
fund
this
As
377.
p.
74,
V.
Deficit in company's preferent
propof
'n
pany for the purposes mentioned.
construc
of
cost
cated
its
authenti
be
bonds may
paid by city on
Int.
714,722
404,661
_
of
1%
fd.
sk.
duced for any of the purposes authorized, more
plus
on its order. These bonds were
erty placed in operation
by trustee and delivered to the companyJuly
11914,and $29,619,000 were
35
51,260.1
$730,387
convertible into stock, par for par, before
year
the
until
on any interest day
Total deficit
so converted. They are subject to call
during temporary operations to be added to
at par and Interest. See listing applicaDeficits in city's charges
ed lines.
city-own
2000 at 110 and interest; after that
of
tion
also
bonds;
construc
the
for
pledged
s
of
the cost
Interest. Outstanding. Maturity.
tions in V. 81, p. 1856, 1857,for list of securitie
p. 1523; V. 86.
STOCK AND BONDS— Date.
$13,900,000 June'15,2
listing applications in V. 82, p. 517; V. 83. p. 1122; V. 85,
Com stock.$13,900.000($100)
5.000.000 June'15.2
p. 923. and V. 90. p. 786.
Transit,
($100)00
Rapid
n
the
35,000,0
Brookly
5s
of
gold
Pref stock,
F-A
g
16.000,000 Feb 1 1950
5
Bonds.—Of the 37.000,000 50-year
1899
prop$16,000.
of
For description
1st M.
nt.
El
Un
n
assessme
for
Bkl
ders
stockhol
Co., Now York,
to
Trust
went
Central
at
00
Interest
53,000.0
See also application in
0 0, gold, 4% till 1905.
Trustee.
erty covered by the mortgage, see V. 62, p. 1138.
tt
since 5% ($1,000)
0 Aug 1 1949
7,000,00
F-A
4
g
1899
V. 67. p. 904.
gold,
lien
M,
$6,000,000 and is a first
Kings County El 1st
Brooklyn City RR. mortgage of 1891 is forated
Int. at Central Trust Co., N. Y., Trustee.
lien on the lines acquired
a consolid
57.000.000 ($1,000)_c*ntf
650.000 Sept 1 1916
M-S
4
1896
on the old Brooklyn City road and$6,000,0
$650,
the
in
M,
are
00
1st
54,373.0
By
issued,
Sea Beach
W. M. Grinnell, W.0.Platt and Win. man.
by consolidation in 1890. Of the is held00
in the guaranty fund.
000 ($1,000 and $100)c ntfi
( Trustees.
hands of the public and the balance RR, July
10 1906 authorized a new
n Union and Kings County Elevated RR.
Stockholders of the Brooklyn City
Brookly
the
These
of
1437.
Bonds
p.
82,
Bonds.—
refunding. V.
be stamped
mortgage for $6,925,000 to provide for
p.& I. by Bklyn. Heights RR.,guaranty to
companies are guar.
1 1915 at 110 and interest.
tion. In Feb. 1902 began stamping bonds with
bonds are subject to call after July
presenta
of
the
5s
gold
e
upon
mortgag
ated
bonds
consolid
first
upon
of
ed for stamping. See
are
designat
month
The total authorized issue
each
days
$1,616,Certain
which
of
n RR.is 54.500,000,
guaranty.
on N.Y.Stock Exchange. Sea Beach
Brooklyn Queens County & Suburbawhich
they will be a first lien. Of the V.98.P. 155. Both issues are listed
Co. Not subject to call. Int. at
000 are reserved for extensions, on
let 4e are gear., p. & I., by B. R. T.
00 in 1898 were endorsed with theinguarClinton St., Brooklyn, N. Y.
85
Co.,
52.884,000 outstanding, 52,255,0
RR.
Jan.
Consol.
and
office of N. Y.
as to prin. and interest,
on the old Bklyn. Union Elevated
of
2%,
div.,
anty of the Brooklyn Heights RR.Co.
DIVIDENDS.—The first
eing the remainder upon the payment
June 29 1901;in 1902 and 1903,3%;in 1904,3%%
1899 provision was made for guarante
RR.pref.stock was paid
C.& S. loans are subject to call in 1916.
Incl.. 5% per annum:in 1912
to
1911.
in
1907
%;
4%
of $10 per bond. Both B. Q.
in
1906.
Interest
and
ed as to principal
in 1905. 4%;
the N.Y.Consol. RR.Co. In 1913, June,5%,
The Sea Beach By. 1st 45 are also guarante
65, p. 1219.
.Tune.2%'Dec.,6%. On
1%;Sept., 2%'
1U%;Jne, 13,
Mar.,
1914.
by the Brooklyn Rapid Transit Co. V.aro
in
each
bond)
U%;
on
end.
Dec.,/
(by
guar.
Sept., 1 %;
2%. On com., 1st dIv.. 5%. Paid
The Nassau El. 1st cons. M. bonds
the mileage directly owned Dec.,2%.11 In 1915, Mar.,2%; June,1911
5%. In 1912, June, 2_%%;
by the Brooklyn Heights RR. Besides covering
%. In
Coney June 10 1910; Dec.,
the
of
stock
the
upon
nt
agreeme
ntal
a
Sept., l g %; Dec.,
in 1913, June, 5%;
they are a lien by suppleme
a direct lien on this line should it Dec.,6%. On N. Y. Consol. RR.,
2%%. In
Island ac Gravesend By. and will become Of
the total of $15,000,000 bonds 154%; in 1914. Mar., 1I%; June, 1%;Sept., 2%%; Doc.,
become merged in the Nassau Electric.
See 1915, Mar., 234%; June, 2
liens.
prior
for
is
000)
r
(53,492.
remainde
authorized, the unissued
of rapid transit track. The New York
miles
156.678
es
Embrac
ROAD.—
listing application in V. 72. p. 312. Of the $10,000,000 bonds, 54.000.000
miles of track in addition. When all the lines
& Brooklyn Bridge has 3.755the
Coney island & Brooklyn Bonds.—
city have been completed, will consist of
with
33,768,000 are reserved for extensions and embraced in contract
are reserved for prior liens and
including trackage rights over the Astoriatrack,
of
miles
293
ho
approximately
improvements. No sinking fund, and bonds cannot
enjoyed mutually with the Interbor
linos
and Corona (Queens County)
MILEAGE.—The system includes: 1st
Co.
Total
T.
R.
ough
Sidings,
2d
V.-P. & Treas., 0. D. MeneelY;
Haliock;
H.
John
es.,
RS.—Pr
m.
OFFICE
dic.
Track.
.95, p. 1207, 1274, 1608;
Track.
Name—
4.183 Sec., J. H. Bennington; Comp., Howard Abel.—V
0.198
1.851
2.134
653.
Brooklyn Heights RR
229.129
360.
P.
96,
V.
22.713
100.728
105.688
(See Map page 17.)
tion.
RR
Corpora
City
n
Railway
Brookly
61.922
3.223
28.987
(a) New York Municipal
29.712
N. Y. on Sept. 27 1912 to operate the
Bklyn. Queens Co.& Suburban RR
ORGANIZATION.—Incorp. In
10.213 143.688
65.858
67.617
by the agree)
covered
and
subways
roads
d
(elevate
Nassau Electric RR
7.486
system
348
3.188
enlarged transit
3.950
such
Coney Island & Gravesend By.
5.669 ment between the company and the city, and to construct and own
3.301
1.184
1.184
d for private rather than public ownerschedule
are
South Brooklyn Railway
as
26.935
system
8.460
the
of
8.926
parts
9.549
be
to
are
city
the
by
ted
be
to
construc
lines
Prospect Park & Coney Island RR
The
52.144 ship. V. 95, p. 818.
7.039
22.208
22.897
period of 49 years from Jan. 1 1917 (with pro,Coney Island & Bklyn. RR
leased to the company for a city
and
and are to be operated by
10
years),
after
the
New York Consolidated RR.
by
128.884
pture
re-ca
36.250
for
vision
46.303
46.331
existing railroads of the New York ConNew York Municipal By. Corp_.
the company in connection with the
Trackage on N.Y.& Brooklyn Bridge—1.762
3.755 solidated RR.Co.(as enlarged and extended) as one system,and for a single
.231
1.762
Rapid transit lines
3.509
____
1.707
fare.
1.802
d a contract with the BrookSurface lines
In March 1913 the P.S.Commission approve
Trackage on Wiltiamsburgh Bridge— 1.741
3.700 lyn Heights RR.for the use of the Lutheran Cemetery line. This line was
.218
1.741
V. 100, p. 732.
1915.
22
n
Surface lines
Feb.
in
operatio
placed
27.794
1.734
was
13.030
elevated and
1913 the P. 8. Comm.
N.Y. Mini. Ry.—Lessee City of N.Y. 13.030
LEASE TO N. Y. CONSOL. RR.—On Mar. 26
Consol. RR. of all rights
93.928 698.798 sanctioned the lease and assignment to the N. Y.rapid
297.473
307.397
transit lines. (See
Total miles operated
with the city respecting new
cars. Closed cars. 1,028: open under the contract
also transferred to the N. Y. Consol.
EQUIPMENT, June 30 1915.-4,661
V. 96, p. 360t 947). The company
tracks, as well as certain
891; miscell., 526; total, 4,661.
certificates for extensions and additional
cars. 1,446; convert., 669; semi-cony..
the
RR.
the Brooklyn
will be found in V. 101. P. 366 real estate in Brooklyn and the above-mentioned contract withlease
calls for
REPORT.—The annual report for 1914-15
11914.
n Cemetery line. The
& Brooklyn included from Jan. against
Heights RR. regarding the Lutheraal
and 376. Operations of Coney Island
Corp. stock.
507,
By.
689,822,
Municip
Y.
N.
1915,
30
the
June
on
s
ended
dividend
year
the
6%
necessary to
money
Passengers carried during
the
all
furnish
to
agrees
Corp.
By.
The Municipal
659,147,381 in 1914.
system contracts and has the option of doing
g
RAPID TRANSIT AND CON- carry out the terms of the dual
acquiring all the equipment, or of requirin
INCOME ACCOUNT BROOKLYNYEARS
ENDING JUNE 30.
all the construction work and
on reasonable notice. See construction reSTITUENT COMPANIES—
so
do
to
ated Co.
Consolid
the
1912.
Tran.Co
n
Rapid
1913.
of
Brookly
caption
1914.
1915.
Revenue—
021 port of the N.Y. Mun.By. Corp. under
526,096,265 525,246,453 $23,865,260 $22,949,
Transportation
277,529 In V. 99, p. 1213.
287.028
approved a mtge. to secure an
311,797
331,421
On Mar. 20 1913 the Pub. Serv. Comm.
Miscellaneous
,000 5% bonds and authorized the issuance of $40,$24,152,288 $23,226,550 auth. Issue of $100,000
250
525,558,
686
526.427.
Total




SEPT.. 1915.J

ELECTRIC RAILWAYS

19

000.000 bonds thereunder, the proceeds to be applied as shown in V.
96. year ending Dec. 311914, $45,000; other income, $35,017;
p. 863.
total, $80.017:
In June 1913 the P. S. Commission granted authority to issue $400,000 interest, taxes, &c.. $88,816; deficit, $8,799.
additional stock, but none of this has yet been issued.
Up to June 30 1915
VAN BRUNT STREET & ERIE BASIN RR.-A trolley road.
only $200.000 stock out, all owned by N. Y. Consol. RR.
ORGANIZATION,&c.-Chartered Feb. 15 1861. Stock, $200,000. all
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Issued; par. $10. Bonds,
Stock,$2,000,000 ($100)
$75,000 1st mtge. authorized; $31,000 out.
-All owned by N.Y.Consol. RR.
Track, 2.78 miles, changed to electricity in
First mortgage, $100,000,000 1912
1898. 6 pass. cars. For year
5 g J-J
Jan 1 1966 ending June 30 1914, gross, $41.099; net, after
($1,000 & $500), g_c*&r_tf Int. at Central Trust $301,000
taxes, 39.707; other income.
Co..
N. Y., Trustee. $527; interest, &c.. $1,950; balance,
Bonds.-Guar. prin. & int. by B. R. T.
$8,284.
N. Y. Consol. RR., and are
pledged as security for B. R. T. securedand
OFFICERS.-Pres.. John F. Murphy; V.-P., D. W. Sullivan;
notes.
$301,000
said
of
Sec. and
notes
Treas.. Wyllys Terry. Office, 264 Van Brunt St.. Brooklyn
were converted into bonds of this issue. Semi-annual sinking
. N. Y.
fund after
July! 1918 (minimum, .3175%; maximum
, %%). Bonds are subject to
call on 90 days' notice in any amount at 107%.V. 95, p. 818; V. 96,
p. 360, 863, 947, 1773.
BUFFALO, N. Y.
BUFFALO & LAKE ERIE TRACTI
(2) Nassau Electric Raliroad.-A trolley road.
CO.-A trolley road.
Receivership.-On application of the ON
ORGANIZATION.-Chartered Mar. 13 1893 under the laws of
New York Trust Co., mortgage
New trustee, Justice Brown in the Supreme Court
York. Opened in July 1895 and in April 1896 leased the Atlantic
at Buffalo on July 7 1915.
Avenue
appointe
d
Geo.
Bullock receiver. V.
RR., &c. As stated above, the Rapid Transit Co. owns or controls
p. 129. On July 15 the receiver
all was auth. to issue $250,000 receiver's101.
of the $8,500,000 common stock of the Nassau Electric
certificates.
and
Default.
$6,394.3
-The
75
company
having
out of the $6,500,000 preferred stock.
on the int. due Nov. 1 1912 on
first and ref. M. 5% bondsdefaulted
(subsequent coupons also defaulted),
Lease.-Was formerly leased for 999 years from April 1 1900 to Brooklyn the
a protective committee requested the
Heights RR., but,coincidently with a decision compelli
bondholders to deposit their bonds
ng
with
the
issuance
Equitabl
of
e
Trust
Co.,
37 Wall St., N. Y., as depositary, or the Girard
transfers from one leased line to another (V. 79, P. 102), the lease was ter- Trust Co.
of Phila. as sub-depo
minated on June 30 1904. For order requiring universal
The aforesaid committee alsositary.
, effective
drew up a plan ot reorganization (see
June 1 1914, see "Brooklyn Rapid Transit Co." furthertransfers
above.
V.
97,
297,
p.
but
in
Dec.
1913 the plan was abandoned. Negotiations for
For lease of Coney Island terminal to the N. Y. Consol.
see remarks another plan are under way.
under that company above and under Brooklyn RapidRR..
Transit Co. in
ORGANIZATION.--incorporated in New
V. 101, p. 447.
York
Pennsylvania in
In Juno 1907 a 10-year mortgage for $5,000.000 was authorized to secure Dec. 1906 and is a consolidation of the Hamburg Ry.and
the Dunkirk & Fredonia RR., the Buffalo Dunkirk & Western
certificates of indebtedness issued from time to time to the Brooklyn
HR. the Lake
Erie Electric
Rapid Traction Co. and the Erie
Transit for advances made for improvements, &c., but in July 1908
Rapid Transit Co. Leas'
the Erie Electric
the Motor Co.for 999 years,
Public Service Commission denied application for approval of mtge.
which company leases the
City Passenger RY.
V.84, for 999 years from
Oct. 1 1888 and the Erie Reed Erie
P. 1181, 1246, 1550; V. 87, p. 224.
Park & Lakeside Street
Ry. for 999 years
March 1 1901. In 1909 leased the Buffalo
STOCK AND BONDS- Date.
interest. Outstanding. Maturity. Lack. Trac. Co. forfrom
&
999 years. V. 88, p. 1001.
Common stock, 38,500,000_
Also owns all the stock
$8,500,0
00
of
this
company
,
and
guarante
es
the bonds. Also owns all stock ($750,00
Preferred 4% cum, $6,500,000
M-N
6,500,00
0,
out)
0
all
of
the
see
text
Dunkirk St. Ry., which
Bonds.-For details see Rapid Transit statement above.
and has built about 5 miles of track. company has a franchise in Dunkirk
ROAD.-Embraces 143.688 miles of single track.
The Niagara & Erie Power Co. is controlled by
the Buff. & Lake
Atlantic Avenue RR. (now part of Nassau Electric)owned the double. Trac. Co. and the Niagara Lockport
& Ontario Power Co. interests, Erie
track steam road (since converted to electricity) from Jamaica
and
to Flatbush its bonds are guar., p.,1. & sk.fd., one-half each, by these two companie
Avenue Station in Brooklyn, 9% miles (19 miles of track), which
s.
STOCK AND BONDS- Date.
is leased
Interest. Outstanding. Maturity.
for 99 years from June 1 1877 to the Long Island RR. Co.. affording
Common
that
,
$5,000,0
00
company entrance into the city of Brooklyn-rental, formerly a percentage Pref. 5%,
$4,654,100
$2,500,000, cum}
of receipts, was changed in 1895 to $60,000 yearly. V. 61, p. 828. Liti2,500,000
from July 1909
gation has arisen with Long Island RR. regarding the use
1st and ref mtge, $12,000,- 1906
Atlantic
of
5 g M-N
Avenue. See V.74, p. 1139. In Oct. 1910 N.Y.Court of Appeals decided
7,066,000 Nov 1 1936
000, gold ($1,000)--- _c* tf Interest at
New York Trust Co., Trustee.
that the city had the right to tear up rails, but city has taken no action Erie El M 1st mtge.
$200,000 1889
looking to the exercise of the right.
6g
148,000 .an
1919
($1,000), gold
ctf
Central Trust Co., trustee, New York1 City.
DIVIDEND.-First div. on pref. under lease was paid Dec.31
1900.4%; Erie El M 2d mtge, $150,000 1892 6 g J-J
102,000 Jan 1 1919
1901 to 1907 incl., 4% per annum; in 1908, Nov., 2%; in 1909,
($1,000). gold
ctf
Central
Nov.2%
Trust
;
Co., Trustee, New York.
in 1910 and 1911,4%;in 1912, May,2%;Nov.,2% reg. and 4% on account Erie El M 1st ref sink fund, 1901
5 g A-0
1,000.000 Apr 1 1941
of arrears. In 1913, May,2%;Nov.,4%;in 1914,4%;in 1915,
$1,250,000, gold ($1,000). Interest at
May,2%.
New York Trust Co.. Trustee.
Cannot be called
(3) Coney Island & Brooklyn RR.
c*tf
New
York
City.
Hamburg
Ry
1st
M.
$750,- 1906
4 g M-N
In Dec. 1913 the Coney Island & Gravesend Ry.(subsidia of the Bklyn.
745,000 Nov 1 1926
000, gold ($1,000)
tf Int. at Equitable Trust Co.. N. Y.
Rap. Transit) received permission from the P. S. Comm. toryacquire
Trustee.
26,370 Dun & Fred ref M,$100,000, 1902
5 g J-J
shares of the stock of this company. Bklyn. Rap.
39.000 July 1 1952
Tran.
gold
Co.
($100,
owns
$500
$625,& $1,000) Fidelity Trust Co.. Buffalo,
000 consol. mtge. bonds of 1904.
Trustee.
Niagara & Erie Pow 1st M
1911
5
J-J
ORGANIZATION.-Chartered Dec. 10
$ ,250.000g($1,000)gu p&l Guaranty Trust Co., 510 000 Jan 1 1941
Cars commenced running over the Brooklyn Bridge Feb. 15 1898.1860.
Bonds.-Of the $12,000,000 new bonds, $2,034,0 New'York, Trustee.
See V. 66, p. 383.
00 are reserved to take
Brooklyn City & Newtown was leased in Nov.
up alike amt. of underlying liens. These
1897
for
new bonds are subj. to call on any
999
years.
In int. date at 110
1900 acquired all the stock of that company, but legal 'proceedi
and Int. Int. on the 1st and 2d mtges.
of the Erie El. Motor
pleting merger with Coney Island & Brooklyn were not effected ngs com- Co. is paid by Kountze Bros.,
N. Y. The Erie El. Motor ref. bonds
are
Wage Increase.-On Jan.271914 announced an increase of10% until 1910. secured by deposit of entire stocks of
the Erie City Pass. Ry. and the Erie
in the wages Reed Park
of employees, putting them on the same basis
&
Lakeside
St. Ry. A sink. fd. of 1% ann. on these bds. began
as those of the Brooklyn
Rapid Transit Co., which run from 24 to 28 eta. an
Apr. 1 1906 and will be increased to 1%
hour. V.98. p. 386.
%
in
1916.
The
Hamburg Ry.
bonds are no longer subject to call. The Dunkirk
STOCK AND BONDS- Date. Interest. Outstanding.
& Fredonia refunding
Last div.&c. mortgage
Stock,$3,500,000 (par $100)-are subject to call on any interest date
$2.983,900 June '15,1% Niagara &bonds
at 103. The
Erie
1st
First consolidated mortgage 1898
M.
bonds
are
subj.
to
call,
any
4 g J-J
or
all, on any int. day
*2,000,000 July 1 1948 at 105. Bk. fd. from Jan.
$2,000,000, gold
11916. 1%% of bonds auth. Bonds are
ntf'i Mercantile Trust Co., New York,
guar..
Trustee.
p..
1.
&
sk. fd., by Buff. & Lake Erie Trac. and Niag.
Consol mortgage,$10,000,000 1904
4 g J-J
2,125,000 Jan 1 1955 Power Co.. one-half
Lockp. & Ont.
gold ($1,000)
by each. V. 92. p. 530.
c*tf
Mercantile Trust Co.. New York,
Trustee.
EARNIN
Brooklyn City & Newtownf 1889
GS.
-For
year end. Dec. 31 1914, gross, $1,221,973; net,
5 J-J
2,000,000 July 1 1939 $316.725.
first mort $2,000,000- _ ntf Mercantile Trust Co..
N. Y., Trustee.
ROAD.-Buffalo, N. Y., to Erie, Pa., and Lackawa
Real estate mortgages
5%
nna
288,062
Hamburg,
N.
Y.,
98.58
m.;
leased
lines (Dunkirk St. Ry., 4.94 m.; Erieto
* Includes $13,000 held in treasury.
Elec. Motor
Co.,26.77 m.;Erie & Sub. Ry..4.63 m.;Buff.
Bond Interest.-Interest on all above bonds payable at
Lacks. Trac. Co.,5.02 m.);
Cent. Tr. Co.,N.Y. 41.46 miles-total, 139.94 miles, of which in &
Bonds.-Of the new $10,000,000 bonds, $4,000,0
New York (owned,80.46 m.:
00 are reserved for prior leased, 9.96 m.),90.42 miles and in Pennsylvania
liens and $3,768,000 are reserved for extensions and
(owned, 18.12 m.;leased.
ents; $107.- 26.77 m.; operated, 4.63 m.) 49.52 miles. Second track (owned,
000 in treasury. No sinking fund and bonds cannotimprovem
16.34 m..
leased. 16.25 m.; operated, 3.53 m.), 36.12 miles.
be called.
Sidings, &c. (owned.
ROAD.-First track, 22.897 miles; 2d track. 22.208
4.29
m.;
leased.
miles; misc. track. erated (owned. 4.38 m.; operated. .47 m.), 9.14 miles. Total track op7.039 miles; total oper., 52.144 miles. 462 passenger and
119.21
m.;
leased,
57.36
m.;
28
operated
service
, 8.83 m.), 185.20 m.
cars.
DIVIDENDS.-In 1895. 6%;in
OFFICERS.-Pres. (vacant); V.-P. & Sec., M.
5%;in 1897,6%;in 1898. 8%70;
D. Evans; Gen. Mgr.,
V. 67, p. 955. In 1899, 10%; in 1896,
A. R. Myers; Treas. & Asst. Sec., A. F.
1900 10%; in 1901, 13%%;
Tideswell.-V. 88, p. 293, 1001:
in 1902. V. 92.
16%; in 1903, 16%; in 1904, 16%; in '
p.
525;
V.
1905, 10%; in 1906, 8%; in 1907:
95, p. 1121, 1206; V. 97, p. 297; V. 101. p.
129.
Feb.,2%; May dividend passed. None thereafte
r to Jan. 1914, when a
(1) Buffalo & Lackawanna Traction Co.
div. of 6% was paid. In 1915, Jan., 6%.
June, 1%%•
ORGANIZATION.-Incorporated in New York
OFFICERS.-Pres., S. W. Huff; V.-P .&
in June 1906 to furnish
Treas., C. D. Meneely; Sec., an entrance into Buffalo for Buffalo
J. H. Bennington; Comptroller, Iroward Abel.
-V.93. p. 1105; V. 94. p• was leased to Buffalo & Lake Erie & Lake Erie Trac. Co. In April 1909
767. 1185, 1695; V. 95, p. 1122; V. 96. p.
Trac. for 999 years. Stock $100,000
1020;
V.
97.
p.
(V.
1898;
88,
748),
P.
V.
all
owned
98. D•
235, 303, 386; V. 99, p. 1214.
by Buff. & Lake Erie Trac. Co. Has universal
transfers throughout city of Buffalo through
contract with Internat. Ry.Co.
BONDSDate.
MANHATTAN BRIDGE THREE-CENT
Interest. Outstanding. Maturity.
LINE.
1st mtge, $1,500,000, gold! 1908
5 g J-D
ORGANIZATION.-Incorp. in New York.
81,160.000 Dec 1 1928
($1.000). guaranteed_ _c tf'Interest at New York
operat'g in Sept.'12.
Trust Co., Trustee*
On July 10 1912 the Board of Estimate &Began
Bonds are subject to call on or before
Apportionment granted a
1 1913 at 110 and int. They
franchise to operate over the proposed
have no sink. fund. Remaining bondsDec.
route
from
Flatbush
are
Avenue
reserved
(Brooklyn) to Manhattan. The P. S. Commiss
for
nts and
extension
s
at
85%
cost.
of
ion
on
Bonds guaranteed prin. andbetterme
Aug. 14 1912 approved the franchise. See V. 94, p. 912;
int. by Buffalo
& Lake Erie Traction Co. V. 90, p.
V. 95, p. 420.
235.
For two decisions handed down by the Appellat
ROAD.-Is a double-track road about
Division
e
ot
the
Supreme
4.46
miles long. Began operating
Court favorable to the company, see V.
Dec.22 1909.
97, p. 1733.
STOOKOFFICERS.-Pres., R.
Date. Dividend. Outstanding. Maturity
Griscom: V.-Ps., M. D. Evans and M. W.
. Dodge; Sec., M. D. Evans;E.
Common,$1,000,000....______
Treas.,
A. F. Tideswell.-V. 88, p. 293. 748:
Q-M
$450,000 Sept '15,1% V. 90, p. 235;
V. 95, p. 1471.
ROAD.-Operates about 2% miles of track from
Canal St. and Bowery,
N. Y., over Manhattan Bridge, through Flatbush
Ave., extension to FulBUFFALO & DEPEW RY.-A trolley road.
ton St., Bklyn.
ORGANIZATION.-Incorpo
Ditndend,s.-InItlal quar.dividend of1% paid
Mar. 1914(V.98. p.523); of Buffalo, N. Y., owns aboutrated on April 27 1897. Wm. B. Cutter
same rate quer. since to and incl. Sept. 1915.
three-fourths of the stock and the entire
$350.000 bonds.
EARNINGS.-For year end. June 30 1915,
STOCK AND BONDS- Date.
$136,498; net,$42,959;
0th. Inc., $5,126; taxes, rentals, amortization,gross,
Interest. Outstanding. Maturity.
&c., $22,889; divs.. $25,977; Stock,$350,000($100)
deficit for year, $781. Total surplus June 30
$305,000
1915, $7,901. Passengers Buff & D 1st M,$350,000_ _ __ 1901
carried during 1914-15, 5,215,728.
350,000 Jan 1 1931
ROAD.-Operates a double-track road5 J-J
from Buffalo to Depew. 13.59
OFFICERS.-Pres., Fred'k W. Rowe; V.-Pres.,
miles
of
track;
75-lb.
rail: 5 cars.
Frederick D. Mackay
and Chas. J. Edwards; Sec., Walter Hammitt;
OFFICERS.-Pres., Wm. B. Cutter; Treas.,
Treas., Ed. T. Horwill.V. 90, p. 698; V. 91. p. 154; 1767; V. 94, p.
R. A. Pilkington; Sec..
Percy Eaton.-V. 79. p. 2695.
912; V. 95, p. 111, 236,
618, 1331, 1684; V.96, p. 285, 1557, 1840: V.
97,p. 1733; V.98, p. 523.420.
BUFFALO SOUTHERN RY. CO.-A trolley
road.
Receivership.-Int. on bonds having been
PROSPECT PARK & CONEY ISLAND RR.
defaulted, N. A. Bundy was
-A trolley road.
appointed receiver Sept. 26 1913.
ORGANIZATION.-Controlled by Long
Island RR., but on June 17
ORGANIZATION.-Incorporated in New York
1899 the Brooklyn Rapid Transit Co took possessio
on Aug. 26 1904 and is
consolidation of the Buffalo Hamburg
years to the Brooklyn Heights RR. and equipped n under a lease for 999 a
& Aurora Ry. and the Buffalo
the road electrically. Gardenville & Ebenezer Ry. V. 79. p. 2146.
(V. 68, p. 1224; V. 69, p. 654.) In Feb.
Franchises perpetual. Has
1907
trackage
this
rights
lease
in
was
Buffalo
over tracks of the International Traction
assigned to
the South Brooklyn Ry. V. 84. p. 569. Rental
Co.
was $40,000 per annum
STOCK AND BONDS- Date.
and expenses until 1909, when amount
Interest. Outstanding. Maturity.
increased to $45,000. In considera
tion of a guaranty by Long Island RR.,
- Stock, $2,000,000 ($100)_
annual
int.
on
3547,200
the
greater part of 1st mtge, $2,000,000, gold{ 1904
Prospect Park & Coney Island's bonded debt has
5 g A-0 15
been reduced from 6 and
Oct 15 1934
(31.000)
7% to 4%%. See V. 56, p. 42,• V. 62, p. 187.
c* ntf Int. at Seaboard Nat. 600,000
$172,600 stock, all the 2d
Bank,
Y., or at
M.6s,$202,800 ofincome 6s and $80,000 of 1st M.
Fidelity Trust Co., Buffalo, N.
Os are owned by L.I.RR.
Trustee.
BONDS.-Nos.f.. but from $50,000 to
STOOK AND BONDS- Date. Interest.
$100,000 bonds are subject to call
at
110
and
int.
Outstandi
on
any
ng.
int.
date
Maturity.
Stock, $100
3 months' notice. $1,400,000 bonds
reserved for future extensions andupon
$250,000
Second mortgage, now firstl 1886 4% F
equipment.
EARNINGS.-For cal. year 1914,
-A
340,000 Feb 1 1926
($1,000 each)
gross, $85,470. In 1913, gross, $79,c*&rt 1886 6-A
160,000
Feb
1 1926
Third mortgage, now second,i 1891
4% g M-S
ROAD.-Operates from Buffalo to Hamburg
96,000 Mar 1 1931
gold ($1,000 each)._ _c*&r 1891
, East Hamburg and Or6 M-S
104,000 Mar 1 1931 chard Park, 15% miles; also has a line from Buffalo
Interest on above mortgages payable by
through Gardenville
and
Ebenezer to Lien's Park, 5% miles. An
Treasure
r,
Phila.,
Pa.
Income bonds, non-cum
extension
to East Aurora.
1880 6 M-N
15
miles,
Is under construction, 5% miles complete
250,000 May 1 1920
d. 60-lb. T and 80-lb.
ROAD.-Embraces 9.56 miles of first track
girder rail.
EARNINGS.-Now included in those of Brooklyn
OFFICER
S.-Pres
..
Wm.M.Griffith, New York; V.-P., Geo. F.
Rapid Transit. The
Prospect Park & Coney Island received as rental
Wells,
Aurora, N. Y.; Sec., H. M.Gear, Buffalo;
from Brooklyn Heights in East
Treas. & Gen. Mgr., N. A.
Bundy, Buffalo.-V.86. p. 419.
•




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I

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GARA F LL
04A

ERrE

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SBPT., 1915.]

ELECTRIC RAILWAYS

BUFFALO & WILLIAMSVILLE ELECTRIC RY.
ORGANIZATION.-Incorporated in New York July 1 1891. In May
1904 auth. capital was increased from $75,000 to $3,500,000, and in July
1904 new mtge. for $3,500.000 was made to provide extension to Rochester.
In May 1914 Batavia Traction Co. purchased the tracks, rolling stock,
property. &c., of this company in Batavia. V. 99, p. 269.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock ($3,500,000 authorized)
$75,000
1st mtge, $3,500.000, gold( 1904
127,500 July 1 1944
5 g J-J
Bonds and $1,000)__ _c*&r*1Int. at Com'wealth Tr. Co.. Buffalo. Trustee
(5500.-Are subject to call on any interest date at 105.
EARNINGS.-For cal. year 1914 $37,715. In 1913, $44,242.
ROAD.-6.65 miles of track, Buffalo to Williamsville. Rails 85-1b. T.
Gauge 4 ft. 834 inches.
OFFICERS.-Pres.. L. L. Lewis Jr.; V.-P. and Gen. Mgr.. L. L. Grove;
Sec., Godfrey Morgan; Treas., L. K. Warnick.-V. 84. p. 1306; V. 99.
LI• 269.

21

a All owned by International Traction Co.
b Of this 5350,000 owned by International Railway Co.
Bonds.-Of the Internat'l By. ref. and imp. bonds, $11,021.500 are reserved to retire prior lien bonds; remaining bonds may be issued only for
add'ns, impts.. &c., with consent of the P. S. Comm. Coup. bonds in
denom. of $1,000 and $100 and reg. bonds of $1,000 and multiples. Red.
on any int. date at 110 and int. Int. payable at the office or agency of the
company in New York. Bk. fd. began in 1912 and will provide by July 1
1949 sufficient funds to retire all outstanding underlying bonds, of a total
par value of $12,651,500. V. 96, p. 62. The Tonawanda Elec. RR. mtge.
due April 11907 was extended until 1917. The Niagara Falls & Suspension
Bridge By. bonds of 1893 and the Niag. Falls & Whirlpool Northern bonds
of 1894 given in the table above matured in 1903, but were acquired by the
International Traction Co.and extended ten years, and then deposited with
the Guaranty Trust Co. of New York as additional security under the
International Traction Co. collateral trust mortgage. These were again
extended, maturity now being July 1 1923 and bearing interest at 6%. All
the outstanding stock and $4,344,000 ref.& impt. 5s of the Internat. By.,
560.000 Tonawanda St. By. 1st 6s,$40,000 bonds of Tonawanda Elec. RR.,
5518,000 bonds of the Niagara Falls & Suspension Bridge and 522,500 bonds
of the Niagara Falls Whirlpool & Northern are pledged as security for the
International Traction collateral trust loan.
EARNINGS.--For year ending Dec. 31 1914, gross, $6,760,581; net.
after taxes, $2.735,148; fixed charges, $1,823,381;
balance, 5911.767.
ROAD.-Mileage Jan. 1 1915: Length of line, 224.153
(owned, 199.31.
leased, 18.196. trackage, 6.647); total miles of track, incl.
second track.
crossovers, sidings, &c., 396.529 miles.
Gauge.4 ft. 814 in. Rail (steel),
45 to 145 lbs
EQUIPMENT.-Jan. 1 1915, 1,038 cars of all classes, including 851
passenger cars; power furnished by Niagara Falls Power Co., the Cataract
Power & Conduit Co. and the Tonowanda Power
OFFICERS of all operating companies.-Pres.,Co.
Edward G. Connette;
V.-P., E. J. Dickson; Sec., John A. McKenna;
Treas., Geo. W. Wilson;
Aud., Charles A. Chayel.
OFFICERS of International Traction Co.-Pres., Rodman E. Griscom
V.-P., E. G. Connette; Sec., John A. McKenna; Treas.,
Geo. W. Wilson;
Aud., Chas. A. Chavel.-V. 96. p. 63. 135, 285, 716.
V.97. p.1357.
1663: V. 98, p. 155, 386; V. 99, p. 1300, 1748, 1832;1021*
V.
100,
p. 474, 733;
V. 101. p. 527.

INTERNATIONAL TRACTION CO.-Trolley (See Map. page 200
The United Gas & Electric Corp. (see statement of company under New
York) owns over 57.56% of Internat. Trac. Co.corn.stock. V.94, p. 1383.
In Dec. 1912 the Pub. Serv. Comm. approved the reorganization plan.
calling for exchange of old coll. trust 4s, $ for 5, for new col. trust 4s of
Internat. Trac. Co. due July 1 1949, and limiting the issue to $18,335.000 instead of the $30,000,000 proposed. V.96, p. 63. The few remaining
bonds of 1890 which did not assent to plan were called tor payment on
July 1 1913 at 110 and int. V. 96, p. 1021.
ORGANIZATION.-Organized on Jan. 18 1899 under N. J. laws and
acquired all the electric railways connecting the cities of Buffalo, Niagara
Falls, Lockport, North Tonawanda and Tonawanda, together with all the
street railway systems in all of said cities; also the electric railway connecting
the villages of Depew and Lancaster with Buffalo. It also acquired the
Canadian Electric Railway, traversing the entire length of the Queen
torts Niagara Falls Park and connected It with the American system byViothe
acquisition of the steel arch bridge at Niagara Falls and the Suspension
Bridge between Queenstown and Lewiston, which bridges have been
equipped with trolley tracks. Owns entire stock and $4,984,500 bonds
of
the International By. Co. Has traffic agreement with Niagara Gorge RR.
for the operation of cars over the latter's 8-mile line. Contract runs to 1941.
On Jan. 28 1915 the P. S. Commission auth. the sale of $2,395,000 5%
ref. & impt. mtge. bonds at not less than 87 to provide for the construction
BURLINGTON, IOWA.
and equipment of a line between Buffalo, Tonowanda and Niagara Falls
BURLINGTON RAILWAY & LIGHT CO.-A trolley road. •
over private right of way. V. 100, p. 474.
New Preferred Stock.-At the request of holders of a largo amount of the
ORGANIZATION.-Incorp. in 1912 in Delaware and acquired the Peo$5.000,000 4% cum. pref. stock, a plan has been drawn up for the retire- ple's Gas & Elec. Co. and old Burlington By. & Light
Co. Does entire
ment of said stock, together with the accumulated and unpaid dividends municipal and commercial electric-lighting and power business
in Burlingthereon (aggregating 42%), by issuing in exchange therefor, share for share, ton and suburbs. Also owns steam-heating and gas plants.
Railway
new 7% cum. first pref. stock having priority in all respects over the old. franchises are perpetual, except for two suburban extensions of minor
ImConsent of two-thirds of common and preferred stockholders is required portance. Other franchises expire in 1927.
to make plan operative. V. 101, p. 527.
STOCKS AND BONDS- Date,
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Common, $3,000,000
$2,000,000
Stock, common, $10,000,000$10,000,000
Preferred, $2,000,000
Pref,4% cum,$5,000,000
1,000,060
5,000.000 July'15.2% First mortgage, $7,500,000,
gi 1912
5 M-S
Coll trust, $18,335,000
1,400.000 Mar 1 1932
1912 4 J-J
16.395,000 July 1 1949
$1,000).
sinking
fund
_
_c*lEquit.
Trust Co., N. Y.. Trus. Int. In N.Y.
Serial debenture notes, $500,-(1913 6 F-A
400,000
See text
Bonds.-Remaining bonds are for additions,
betterments or extensions.
000 (51.000), gold
ci Int.at Chase Nat. Bank, N.Y.,or Fidelity under certain restrictions,
at 80% of cost.
at 105 and int, on any
Trust Co. of Buffalo, Trustee.
int. day on 3 months' notice. Sinking fundCallable
of 5% of gross earnings begins
Car trust certificates No 21 1906
41i J-D15
60,000 .1915-1916 July 1914. V. 95. p. 678.
5600.000 ($1.000)
c* Commercial Trust Co.. Phila.. Trustee.
EARNINGS.-For cal. year 1912. gross, $320.240: net, $152,538;
Car trust certificates No 31. 1907
other
6%
50,000
See text
income, $8.395; total income. $160,933. In 1911. gross,
5250.000
5306.519; net,
ICommercial Trust Co.. Phila., Trustee.
Bonds and Notes.-$18,300,000 coll, trust bonds were issued, but $1,905,- after taxes, $141,310: other income. $10,428; total income, $151.768.
ROAD.
-Owns
and
operates
about
miles
of
193
000 have been re-acquired. The debenture notes mature $50,000 annually and its
rack
suburbs. 66 to 85-1b. T rail. 62 passenger cars. in Burlington
beginning Feb. 1 1914. Callable at 100 & int. on any int. date. Car trust
Pres.. Geo. H. Higbee; V.-P., E. C. Walsh; Sec.& Tress
certfs. No.2 are secured by title to 150 cars. They fall due in semi-annual & OFFICERS.Gen.
Mgr.,
C.
H.
Walsh.
--V.
95.
p. 678, 1039.
installments of $30,000 each from Dec. 1906 to June 1916 inclusive. Car
trust certificates No. 3 are secured by title to 50 cars. They fall due in
semi-annual installments of $12,000 March 1 and $13,000 Sept. 1 from
BURLINGTON, VT.
March 1 1908 to Sept. 11917.
Dividends.-As a result of the reorganization bringing about the issuance
BURLINGTON TRACTION CO.-A trolley road.
of new coll, trust bonds and the settlement of the International Ry.'s
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
indebtedness to the Traction Co., a div. of 2% on the pref. stock HMS paid Stock. $200.000 (par $100)--5200,000 Aug '15, 2
Feb. 1 1913; also an additional 4% on account of accumulated dividends; 30-year bonds, $500,000- tf 1912
%
350.000
1942
July 2% and an add'I 2% on account of accumulated
Bonds.-The remaining $150,000 bonds can only be
divs. In
Feb.,
issued with permis2% and 2% additional on account of accumulated dividends;1914,
sion
of
Public
Service
Commission.
July, 2%.
In 1915, 4%. The amt. due on account of accumulationst s 42%.
ROAD.-Owns 12 miles of track in city of Burlington.
See
60, 70
remarks above for proposed retirement of 4% pref. stock with accumulaand 75-1b. T. Owns 15 box cars, 18 open cars, 1 convert. car,2Rails
snow plows.
tions of dividends thereon.
Diviaends.-Previous to 1903. 4% yearly.
1903 to 1912. 6%
Franchises.-In June 1906 we were informed that the majority of the yearly. In 1912, 1913 and 1914, 8%. In 1915.From
Feb.. 2%; May,23%;
franchises in Buffalo are practically perpetual, none in Buffalo or other cities Aug.. 2%.
and towns having then an unexpired term of less than 40 years, excepting
Year ending June 30- Gross.
Net.
Charges. Dios. Surplus.
only the Fillmore Avenue franchise, covering an extension of 6i 1914-15
$140,539 $59,107 $17,500 $17,000 524.607
miles on the east side in Buffalo, which was limited to 25 years; also portions 1913-14
129.398
48.648
18.250
16.000
14,398
of Franklin. Pearl, Genesee, W. Seneca, Morgan and W. Chippewa
OFFICERS.-Pres., Elias Lyman; V.-P., Jno. J. Flynn;
Treas., W.F.
Sts.;
extension of Morgan St.or Elmwood Ave.,In the Terrace and College Place. Hendee; Sec.. C. W. Brownell.-V.94, p. 1185.
Consolidation of Constituent Companies.-On Feb. 20 1902 the International Railway Company was incorporated in New York with $10,120.500
stock, and in Aug. 1902 this was increased to $17,000,000.
of which $16.707.500 has been issued (all owned by the International Traction
BUTTE, MONT.
Co.), as a
consolidation of the following companies, whose shares had previously
BUTTE ELECTRIC RAILWAY.-Trolley.
been
held by the Traction Co.; V. 74, p. 427.
This company was incorporated in West Virginia in December 1899 as
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue & successor of the Butte Consolidated Ry., sold at foreclosure.
Lancaster had first been merged in the same).
Interest due on March 1 1915 was paid Sept. 1. Sept. 1915 int. payment
Buffalo & Niagara Falls Electric Railway.
has also been delayed.
Buffalo & Lockport Railway (after Elmwood Ave. and Tonawanda ElecSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
tric Railway had been merged).
Stock, $1.000,000 (par $100)_
M-N
$1,000,000 Oct '06, 2
Buffalo Tonawanda & Niagara Falls Electric RR. Co.
1st M.$700,000. gold, 51.0001 1900 5 g M-S
700,000 Mar 1 19 5
Lockport & Olcott Railway.
each
c*cptlInterest at W. A. Clark & Bro., Butte.
Niagara Falls & Suspension Bridge Railway (after the Niagara Falls
Bonds.-May be called for payment on Mar. 1 1915, or on any
Whirlpool & Northern By. had been merged in it).
day thereafter. Sinking fund of 10% par value of bonds begins Mar.interest
11916.
Niagara Falls Suspension Bridge Co.
Dividends.-In 1905. 4%; in 1906. May. 2%; Oct.. 2%. No div.
since
The Buffalo Railway owned the $2,860,000 stock of the Crosstown
to Sapt. 1915.
By. of Buffalo. and this passed to the International Railway Co. Street
ROAD.-Operates 35.2139 miles of track. 56-60-80-lb. T rails. 54
On July, 1 1902 the International By. Co. acquired by purchase the passenger and 3 work cars.
Niagara Falls Park & River By.. the Clifton Suspension Bridge Co.,the
EARNINGS.-Year ending June 30 1915, gross, $456,936; net after
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co.
and in taxes, $26,325; depreciation, $53,478; interest, $41,481; deficit, $68.634.
Dec. 1912 merged the Electric City By. In April 1913 the Crosstown
Passengers carried in 1914-15, 10,511,829.
St. Ry. was also merged, thus leaving the International Railway Co. and the
OFFICERS.-Pres.. W. A. Clark, Butte; V.-P J R. Wharton; Sec. &
Frontier Elec. By. the sole operating companies and the International Trac- Treas., J. H. Anderson, 20 Exchange Place, N. Y.-V.72,
p. 190; V. 100.
tion Co. the holding company.
p. 1078, 1591.
_
Liens of Constituent and Owned Companies Jan. 1 1915,
BONDSDate.
Interest. Outstanding, Maturity.
Internat Ry ref & imp mtgel 1912 5 g M-N 510,556,000 Nov 1 1962
CALMS, ME.
560.000.000, gold..__c*&r'Bankers Trust Co., New York, Trustee.
CALAIS STREET RAILWAY.-A trolley road.
Buffalo By 1st con mtge( 1891
5 g F-A
5,000.000 Feb 1 1031
ORGANIZA
-Stock, 350,000 corn. and $50.000 pref.; Met
(51.000)55,000,000,g,c*Stri Int. at Co.'s office, Buff.. E.W. Clark & Co.. mortgage. 1910TION.
(ntf), 55, J-J, $100,000 due July 1 1930.
Phila.. or Bankers Tr. Co., N.Y.,Trustee.
REPORT.-Year ending June 30 1915, gross, $39,489;
net, $10,351; int.
aTonawanda St RR 1st M. 1892 6 J-J
60.000 July 1 1922 and taxes, $5,742; surplus, $4,609.
$250,000
Interest at company's office, Buffalo.
ROAD.-Calais Street Ry., lower wharf to upper bridge, Calais, 4
aTonawanda Electric RR 1st 1895
4 A-0
40.000 April 1 1917 St. Stephen Electric By., Milltown. N. B., to St. Stephen, N. B.. 3 miles:
miles;
mtge
Interest at company's office. Buffalo.
total, 7 miles. The St. Stephen Electric Street By. Is a separate corporabOrosstown St By 1st mtge. g 1892
5 g M-N b2,974.000 May 1 1932 tion, but is owned entirely by the
Calais company. 9 cars.
($3,000.000), gu p & I_ _c Int. at Metropolitan Tr. Co., N. Y., Trustee.
OFFICERS.-;Pres..
George
A.
Curran;
Sec.,
Treas.
Gen.
&
Mgr.,
Buffalo Traction 1st mtge, 1898
5 g J-D
673,000 Dec 1 1948 Benjamin Y. Curran; Supt., C. F. Pray; all of Calais, Me.
$5,000,000
Int. at Metropolitan Tr. Co., N.Y., Trustee.
Buffalo Bellevue & Lancaster 1897
5 J-D
215.000
June
1
1927
mtge
Redeemable at par.
Buff & Niag Falls Elan RyCANTON, MASS.
1895
5 g J-J
750,000 July 1 1935
1st isdl, $760,000, gold____c Interest at
BLUE HILL STREET RAILWAY.-A trolley road.
Bankers Trust Co., New York.
2d M,$250.000, g, s f, red 1896
O
ROANIZAT
ION
.-Franchise
5 g I-J
perpetual.
35,000
July
1 1921
aft 1901 at 105 (51,000)_c Int. at Bank . Trust Co., N. Y., Trustee.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Buffalo & Lockport 1st mtge, 1898 5 g J-J
Stock, 5300.000 ($100)
500,000
July
$300.000
1
1938
gold. $500,000
Equitable Trust
New York. Trustee. First mortgage, 5500,000, j 1903
5 g A-0
251,000 Oct 1 1923
Lockport & Olcott By 1st 1900 5 g J-J Co., 800.000
gold
lInt. at Old Colony Trust Co.. Boston, Trus.
July 1 1920
mortgage, $1,000,000. gold Int. at Guaranty Tr. Co., N. Y.,
Bonds.-SubJect to call as a whole at 115 and int. on any int. day.
Trus.; also
($1,000)
EARNINGS.-For 12 mos. ending Dec. 31 1914, gross, $94,791; net.
c*
at Buffalo. Guar., p. & I. by Inter. Trac.
Niagara Falls Suspension 1897
300.000 Jan 1 1928 after taxes,$26,379; interest. $21,531: balance,$4,848.
g J-J
Bridge, Clifton Suspension Toronto 5
ROAD.-Operates 19.5 miles of track from Mattapan, where connection
General Trusts Corp.. Trustee.
Bridge
Int. at American Exch. Nat. Bank, N. Y. is made with the Boston Elevated By.. to Canton and Stoughton, at which
Lewiston Connecting Bridge 1898 5 g A-0
latter point it connects with the Bristol & Norfolk Street By. and the Bay
125.000
Oct
1
1928
Co, Queenston Heights Toronto General Trusts Corp.. Trustee.
State Street By. Standard gauge. 26 cars.
Brid e Co
Int. at American Exch. Nat. Bank, N. Y.
OFFIOERS.-Pres.. C. H. French; V.-Ps., A. S. Pratt and E. J. B.
aNiag Falls & Susp Bridge Ry_ 1893 6 J-J
518,000 July 1 1923 Huntoon; Clerk, William T. Crawford; Treas., Henry
Sawyer; Gen.
aNlag Falls Whirlpool & No By 1894 6 J-J
22.500 July 1 1923 Mgrs.. Stone & Webster Mgmt. Assn.. Boston.-V. 78, B.
p. 1906.




ELECTRIC RAILWAYS

2
2.
CAPE MAY, N. J.

CAPE MAY DELAWARE BAY & SEWELL'S POINT RAILROAD.
-An electric and steam road.
In Mar. 1912 Nelson Z. Graves of Phila. acquired control. V.9441.826,982.
ORGANIZATION.-Organized under the general railroad laws of New
Jersey on Jan. 19 1893 by consolidation of the DIelaware Bay & Cape May
RR.(owner of the Cape May & Sewell's Point RR.) and the Cape May &
Schelienger's Landing RR. Uses electric power for passenger service and
steam power for freight.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$150,000
Stock paid in (par $50)5 FA
150,000 Feb 1 1923
First mtge ($150,000)___cur- 1893
225,843
Other debts Dec 31 1913
In 1894 and 1895 but one interest payment was made, by mutual consent
of bondholders. Interest was reduced to 5% for 5 years from Feb. 1 1896.
and remains at 5%. Trustee is N. J. Trust & S. D. Co.. Camden. N. J.
ROAD.-Operates 6.29 miles of track extending to Cape May Point and
Sewell's Point. along the beach front through city of Cape May.
EARNINGS.-For year ending Dec. 311913, gross, 325,236; expenses.
$31,371; def. from oper., $6,134; interest, &c., $8,510; total deficit,
$14,643.
OFFICERS.-Pres., Nelson Z. Graves, Philadelphia.-V. 72. P. 532;
V. 94. p. 826. 982.

CEDAR RAPIDS,'IOWA.
IOWA RAILWAY & LIGHT CO.
ORGANIZATION.-Is a re-incorp. in 1912 of the Cedar Rapids & Iowa
City Ry. & Lt. Co. and has acquired the properties formerly owned by the
following companies:
Nevada (Iowa) Electric Co.
Boone Electric Co.
Cedar Rap.& Iowa Cy.Ry.& Lt.Co. Perry Elec. Lt., Pow.& Heat Co.
Tama & Tcledo Electric Power Co.
Marion Light, Heat & Power Co.
Marshalltown Lt., Power & Ry. Co. Tama & Toledo Ry. Co.
Owns and operates entire electric light and power properties in Cedar
Rapids, Marshalltown, Boone, Marion, Perry,Tama..Toledo and Nevada;
interurban road between Cedar Rapids and Iowa City and Cedar Rapids,
Lisbon and Mt. Vernon; the local street railways in Marshalltown, Boone,
Tama and Toledo; the gas plant in Marshalltown and the heating properties in Cedar Rapids, Boone, Marion and Perry. Interurban road is on
private right of way.
Contract with City.-For contract with City of Cedar Rapids for the construction of a dam,&c.,see V. 93, p. 235.
Also has a contract with the Iowa Electric Co.(V.100,p. 2171) an allied
company, for the interchange of power.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,700,000
Common $3,000,000
1,585.535
Pref $3,000,000,77cum
5 M-S
4.509.000 Sept 1 1932
ref mtge $10.&0,000 g 1912
1st
c* Harris Tr. & Say. Bank, Chicago, trustee.
($500 and $1,000)
5 g J-D
223.000 June 1 1923
Ced Rap & Iowa City R & L 1903
1st M$2,000,000 gold ($1,- Illinois Tr. & Say. Bk., Chicago, co-trustee.
&
Harris
Tr.
at
Say..Bank, Chicago.
Int.
c*tf
000)
Bonds.-Of the remaining 1st & ref. bonds.$226,000 are reserved for prior
lien and $5,265,000 are for extensions and additions at 80% of cost for acquisitions, &c., under certain restrictions. Subject to call on any int. date
on or after Sept. 1 1915 at 103 and int. Sink.fd. I% per ann. of bonds out,
beginning Mar. 1 1916 to 1921; 1922 to 1925.2%: 1927 to 1931,3%. Sink.
fund to be used for redemption of bonds or for extensions and betterments. V.95, p. 750.
On Ced. Rap. & Iowa City Ry. & Lt. 1st M.a sinking fund began April
1 1908 and bands are subject to call at 1073,6 & int. See V. 77, p. 2279.
EARNINGS.-Of combined properties for year ending May 31 1915,
gross,$1,300,932; net,after open exp..taxes, maint.and renewals,$525,097;
int. on bonds, $221,646; bal., $303,451.
ROAD.-Operates an interurban road 45'16 miles long on private rightof-way substantially 100 ft. wide between Cedar Rapids, Iowa City and
Lisbon; also local street railways in Marshalltown, Boone. Tama and
Toledo and Cedar Rapids and Mt. Vernon. 42 pass. cars, 30 freight;
misc.. 8; total. 80 cars. Total rated capacity of generating plant, 24.076
h. P.
OFFICERS.-Pres.and Gen. Man.. William G.Dows; V.-P. and Treas.,
Isaac B. Smith: V.-P.. John A. Reed: Sec., 0. S. Woodward, all of Cedar
Rapids.-V.95. p. 750; V. 100. p. 2167.

[Vol,. 101.

Jacksonville Railway & Light Co.
*Atchison Ry., Lt. & Power Co.
Bloomington Decatur & Champ. RR Jacksonville Ry.
Bloomington & Normal Ry.& Lt.Co. *Jefferson City Lt., Ht. & Pow. Co.
Kansas Ry.& Light Co.
*Cairo City Gas Co.
Madison County Light & Power Co.
*Cairo Electric & Traction Co.
Montezuma El. Lt.,Pow.& Htg.Co.
*Cairo Ry. & Light Co.
Monticello Electric Light Co.
*Cairo & St. Louis Ry. Co.
*Mound City Light & Water Co.
*Central Lighting Co.
*Chicago Ottawa & Peoria Ry. Co. New Valley Junction Water & Lt.Co.
*Citizens'Ltg.Co.of La Salle & Peru. *Northern Illinois Light & Trac. Co.
Oskaloosa & Buxton Elec. By. Co.
Citizens Pure Ice Co.
Oskaloosa Traction & Light Co.
Clinton (III.) Gas & Electric Co.
Peoria Railway Co.
Colfax Electric Light Co. (Iowa).
Peoria Traction Co.
*Consumers Water & Light Co.
Danville Cham.& Dec. By.& Lt.Co. *Quincy Railway Co.
St. Louis Electric Bridge Co.
Danville & Eastern Illinois By.
St. Louis Electric Terminal Ry.
Danville & Northern RR.
St. Louis Springfield & Peoria RR.
Danville & Southeastern By. Co.
Danville Street Railway & Light Co. Topeka Edison Co.
Danville Urbana & Champaign By. Topeka Railway Co.
Urbana & Champaign Railway. Gas
Decatur Railway & Light Co.
& Electric Co.
Des Moines Electric Co.
Des Moines & Cent. Iowa Elec. Co. Urbana Light, Heat & Power Co.
*Galesburg By., Lighting & Power. *Wichita RR. & Light Co.
Illinois Central Traction Co.
Companies marked with * formerly comprised Western Rys. & Lt. Sys.
In April 1907 obtained a 50-year franchise on certain streets of St. Louis
and was also given authority by the U. S. Government to build a bridge
across the Mississippi River between Venice,111., and St. Louis Mo. This
bridge was opened to traffic in Nov. 1910 and, with terminals in St. Louis,
represents an investment of over $6,000,000. V. 92, p. 259. On July 1
1911 began running express trains between St. Louis & Peoria, 174 miles,
with only two stops-at Springfield and Lincoln-the running time being
534 hours, or about 32 miles an hour (V. 93. p. 41). In Aug. 1911 the
company opened offices in Chicago, with the purpose of securing freight
from points between Chicago and St. Louis, though company has as yet
no direct entrance into Chicago. V. 93, p. 527.
On June 30 1914 the bonded indebtedness of the properties controlled
was $43,468.500.
Interest. Outstanding. Last Maid.
STOCK AND BONDS- Date.
$12,251,100 Aug.'15.%
Common.$15.000,000 ($100)7.135,500 Oct. 15. 1
04
Prof6% cum $10,000.000(3100)---810,000
Debenture bonds
Western Railways & Light Co.3,169,000 See text
Q-J
cum 6% $3,500,000 ($100)- - -Pf
1,645,000
tf
Debenture bonds
Stock.-Addltional preferred stock can only be issued when net earnings
are equal to 9% on preferred stock out and the amount proposed to be
Issued. Preferred stock is listed on Montreal Stock Exchange.
Dividenas.-6! per annum is being paid on the preferred stock. First
s, paid May 15 1913; same rate guar. since to and incl.
div. on corn.,
Aug. 1915. Div dends have been paid on Western Rys. & Light Co.'s pref.
stock since organization.
REPORT.-Of combined properties for calendar years. Report for
1914 in V. 101, p. 443.
1911.
1912.
1913.
1914.
Gross Earnings$3,626,636 $3,604,265 $3,395,634 $3,238,713
Interurban lines
2,877,086
2,050,563
3,072,235
3,021,859
City lines
723,984
816,912
783,679
877,982
Gas
1,835,990
2,218,419
2,636,714
3,002,378
Electric
271,343
362,182
390,972
583,999 •
Heat, water & miscell

CEDARBURG, WIS.
MILWAUKEE NORTHERN RY.-An electric road.
ORGANIZATION .-Incorporated in Wisconsin in 1905. Operates interurban system entirely on private right-of-way. Franchise in Milwaukee
expires Dec. 31 1934 and provides for 5-cent single fares and that 8 tickets
be sold for a quarter within city limits. Port Washington franchise expires
Jan. 2 1956. All others perpetual. Enters Sheboygan over tracks of Sheboygan By. & Electric Co. under perpetual contract.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1.000,000
Stock, common, $1,000,000_
M-S
400,000 Mar '14,3%
1st pref., 3100,000,6% cum__ ____
M'S
600,000 Mar '13,3%
2d pref,$600,000,6% non-cum...___
5 A-0
1,595,000 Apr 1 1931
1st mtge $1,000,000 gold! 1911
ctflInt. at First Say. & Tr. Co., Milw., Trustee.
(3500 and $1,000)
Bonds.-Remalning bonds may be issued only when net earnings are
twice int. charges, incl. bonds to be issued, at not exceeding 75% of cost
of extensions, additions. &c. Subject to call at 105 and int. V.92,P. 725.
Dividends.-Dividends of 3% paid 8.-a. on 1st & 2d pret. from Sept. 1911
to Mar. 1913 (incl.). In Sept. 1913 3% paid on 1st prof. and div. was
passed on 2d pref. In Mar. 1914,3% paid on 1st pref.; none paid on 2d pf.
None since on either class.
EARNINGS.-For year ending June 30 1915, gross, $334,563; net, after
taxes, $142,180; interest, $79,750; surplus, $62,430.
ROAD.-Will be 120 miles long,running north from Milwaukee to Cedarburg, where it forks, one branch extending to Sheboygan via Port Washington and the other to Fond du Lac. Operates 69 miles of track, including
6•6 miles in Milwaukee. between Milwaukee, Codarburg and Sheboygan.
Is double-tracking the line between Milwaukee & Cedarburg, 6.01 miles
completed. Gauge,4 ft. 83i in. 70-lb. T rail.
OFFICERS.-Pres., Wm. A. Comstock; V.-P. and Gen. Man., F. W.
Walker; Sec. and Treas.. Henry A. Haigh.-V.85, p. 601; V. 92, p. 725.

Total gross earnings_ _$11,112,854 $10,521,098 $9,710,477 38,947.116
5,404,623
5,775,043
6.198,872
6,587,462
Open exp. and taxes_
$4,52.5,392 $4,322,226 $3,935,434 $3,542,403
Net earnings
$3,290,787 $2,883,240 $2.672,402 $2,502,173
Interest on bonds. &c
318,276
406,372
344,547
428.130
Pref. dividends(6%)
Common dividends___(3%)367,390(23i)224,805
$4,086,307 $3,514,417 $3.016,949 $2,820,449
Total deductions
$722,044
$807,809
$918,485
$439,085
Surplus
in 1914 there was deducted $309,580 for deabove
as
balance
From the
preciation and $47,957 for 1914 bond discount, leaving a surplus for the
year of $81,548.
ROAD.-The interurban lines comprise 532.90 miles of track; city lines
comprise 272.62 miles of track: total of all lines. 855.52 miles. In 1912
entered Into a contract with Wabash RR. for a physical connection and
general interchange at Decatur. Has working agreement with all steam
roads in its territory that can be of service, except the Pennsylvania and
N. Y. Central lines. Interurban lines have 150 passenger, 128 express and
750 freight cars: city lines have 383 motor cars and 201 others; 4 central
power stations and 40 sub-stations.
OFFICERS.-Pres.,W.B. McKinley,Champaign; V.-P.and Gen. Mgr.,
H. E. Chubbuck, Peoria; V.-P. and Treas., Geo. M. Mattis, Champaign;
Sec.. T. B. Macaulay, Montreal.-V.94. p. 911. 982: V. 95. p. 172. 1542;
V.96.p.62,652.1222. 1365, 1423; V. 97. P. 521, 1423; V. 98. p. 839.
1392, 1456, 1528; V. 100, p. 1164, 2166; V. 101, p. 443.

PROPERTIES CONTROLLED BY THE ILLINOIS TRACTION CO.
(1) Atchison Railway. Light & Power Co.
ORGAN IZATION.-Successor in 189501 the Atchison Ry. Elec. L.& P.
Co. Controls electric railway, lighting and gas properties of Atchison.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$500.000
Stock, $1.500,000 ($100)1935
750,000 Nov
5%
tf 1910
First Mtge $1.500,000
ROAD.-Operates 9.84 miles of track. 23 cars. Supplies city with
104 arc lights and 135 incandescent lamps; also 14 arcs for commercial
lighting; 2,557 natural gas meters in use.-V.91, p. 1024. 1094. 1628; V.94.
p. 1162
(2) Bloomington Decatur & Champaign RR.
ORGANIZATION.-Incsrporated in Illinois on Nov. 29 1910 as a consolidation of the Chicago Bloomington & Decatur By.and St. Louis Decatur
except through cities
& ChamPaIgn By. Operates on private right of way
and towns (8 miles) where franchises extend to or beyond 1953.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$3,000,000
Common. $3,000,000
637,500
Preferred 5% ($637,500)1,500,000 Nov 1 1940
5 g M-N
1st & ref mtge.$15.000,000, g 1910
(31,000 coup & $1,000 or Interest at Illinois Trust & Savings Bank,
Chic., Trustee,or Chase Nat. Bank, N.Y.
multip reg.) gu p&i.c*.kr*tf
1,390,000 Nov 1 1940
5 M-N
1910
General mortgage
Central Trust Co. of Illinois, Trustee.
CHAMBERSBUR G, PA.
Stock.-Of the $637,500 pref. stock out, $412,500 is Series "A" and
RY.
ELECTRIC
GETTYSBURG
&
CHAMBERSBURG
$225.000 is Series "B."
ORGANIZATION.-Incorporated in Pennsylvania Dec. 4 1900.
Bonds.-Of the $13,500,000 "1st & ref." bonds reserved for various purInterest. Outstanding. Maturity. poses, $6,750,000 are reserved fcr acquisitions of two connecting interurban
STOOK AND BONDS- Date.
(Danville Urbana & Champaign and Illinois Central Trac.)31,159.000
$225,000
roads
Stock $225,000 ($50)
225,000 May 1 1933 to redeem the general mtge. bonds. $472,000 to replace general mtge. bonds
5 M-N
1st mtge, $225,000 ($1,000),1 1903
for 80% of cash cost of additions and
not red., no sink. fund__c*1Int. at Northampton Tr. Co., Easton,Trust. issued in the future and $5,016,000
These $5.016,000 bonds, excepting $500,000 (issuable at
EARNINGS.-For year ending Dec.31 1914,gross, 336.141; net (def.), improvements.
and improvements, with consent of
additions
of
cost
of
for
80%
any time
$2.044; other income,$161; charges and taxes, $11,920; deficit, $13,803.
N. W. Halsey & Co.) can be issued only when the preceding 12 months'
ROAD.-Operates 13.25 miles of track between Chambersburg, Stof- gross earnings have equaled five times and net earnings 13 times the interferstown, Fayetteville, Greenwood and Mt. Union. 60 to 80-lb. T and est charge on all bonds outstanding and those proposed to be issued. Bonds
girder rail. Gauge, 5 ft. 2)i in.
are unconditionally guar., p.& 1., by Illinois Trac. Co. They are redeema92, p. 259. Int, on general mtge. bonds is
OFFICERS.-Pres., T. B. Kennedy; Sec. and Treas., W. L. Ritchey ble at 105 on any int. date. V. Bank
of Canada, Now York.
payable at office of Merchants'
Supt., D.B. Fretz.
ROAD.-Owns and operates 97 miles of track (89 miles, main line; 8
miles sidings) extending from Bloomington through Decatur to Champaign
CHAMPAXON, ILL.
and Urbana. 60 and 70-lb. rails. Standard gauge. 187 cars and 2 loco•
motives.
ILLINOIS TRACTION CO.
ORGANIZATION.-Incorporated in Maine on May 13 1904: On
(9) Bloomington Sc Normal Railway Se Light Co.
Nov. 10 1913 increased the auth. common stock from $10,000,000 to
ORGANIZATION.-Incorporated in Illinois on Feb. 23 1906 as a con$15,000,000, in order to acquire control of the allied Western Railways &
& Normal By., Electric & Heating Co. and
Light Co. Two shares of Railway & Light com. were exchanged for one solidation of the Bloomington
Consumers Light & Heating Co. of Bloomington. Does all local street
the
stock
outstanding
$4,521,800
of Illinois Traction coin., 34,508.600 of the
light and power business in Bloomington
being so acquired. The pref. stock of the Railways & Light Co. remains railway and commercial electric
hot-water and steam -heating system in Bloomoutstanding. See V. 97, p. 1426 and 1504. Controls the following com- and Normal and operates
in Bloomington expires in 1929. In
railway
franchise
Principal
ington.
panies:




SEPT., 1915.1

ELECTRIC RAILWAYS

23

this franchise city reserves right to purchase plant at an appraised value tern of the city, 16.37 miles
of track, nearly all laid in brick pavement.
plus 10% of same. Railway franchises in Normal that are not perpetual running to three
parks, the fair grounds, cemetery and railway depots and
expire in 1922. Principal lighting franchises are perpetual.
National Soldiers Home. Equipped with 50,60 and 70-1b. Johnson T rails
STOCK AND BONDS- Date,
with
motor
26
cars
(General Electric) and 12 others. Furnished electric
Interest. Outstanding. Maturity.
Corn stock,$1,200,000 ($100)current at Westville, Georgetown, Ridgefarm, Indianola, Sidell
$1,200,000
and
Pref. stock, $450,000,6%
Chrisman.
450,000
1st and gen mtge. $3,500,000 1911
5 J-J
968,000 Jan 1 1928
OFFICE RS.-Same as those for Danville Urbana & Champaign Railway
gold ($1,000)
c*&rtf Illinois Trust & Say. Bk., Chic.ago, Trustee. Co.-V. 76, p. 1142, 1300.
B&NRE& II 1st mtge, 1902
5 g J-D
600,000 June 1 1927
$600.000($1,000) g,sf_c*tf Int. at III. Trust & Say. Bk.. Chic.. Trustee.
(b) Decatur Railway & Light Co.
Bonds.-Of the $3,500.000 1st and gen. mtge. bonds, $600.000 are reControlled by Danville Champaign & Decatur By. & Light Co.
served for prior liens and $1,932,000 for extensions and inlets. under care.
ORGANIZATION.-Incorporated in Illinois in Dec. 1903, to take over
ful restrictions. Are guar. prin. and int. and s. f. by Ill. Trac. Co. Int. the property of the Decatur
& Electric Co., the Decatur Gas &
in N. Y. or Chicago. Callable as a whole or in part for s. f. at 102 and Electric Co. and the Decatur 'Fraction
Steam Heating Co., owning all the street railint. on any int. date. Sink. fd. 1% of bonds out annually. 1912
to 1919; way. gas and electric-lighting business and steam-heating plant in Decatur
2% 1920 to 1928. Of the bonds outstanding, 820,000 are in sink.
fund. and suburbs.
V. 93, p. 665. The Ity., Elec. & Heating Co. bonds are subject to call
at
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
110 and int. Sink. fd., $10,000 annually, began June 1908; $81,000 are
Stock, $1,375,000 ($100)$1.375,000
in sink, fund and included in amount outstanding.
Decatur Gas & Electric Col 1899
5 M-N
210,000
See text
ROAD.-Operates 20 miles of track in. around and between Bloomfirst mortgage
jInt.
tf
at
Merch.
L.
&
Tr.
Co., Chic., Trustee,
( ngton and Normal. Rails 70 and 72-lb. Has 33 pass. and 6 misc. cars.- Decatur Gas & Elec Co 2d M 1899
5 J-J
90.000 Jan 1 1930
V. 93, p. 665.
$400,000($300.000reserved Interest at Merchants' Loan
& Trust Co..
for above ($1.000). gold tf
Chicago. Trustee.
(4) Cairo Railway & Light Co.-A trolley road.
Dec Trac & Elec
M $300.- 1900
5 J-J
212,000 Jan 1 1921
ORGANIZATION.-Incorporated on Oct. 5 1908 in Maine to take over
000($500& $1.000 each)c*tf Int. at Illinois Tr.& Say.
Bk., Chic., Trustee
the properties of the Cairo Elec.& Trac. Co.and the Cairo City Gas CO. V. Dec By & Lt Co 1st & cons M
1903
5 g J-D
743,000 Dec 1 1933
83, p. 293. 374. The Cairo Elec. & Trac. was a consolidation of the Egypt
51.300,000.g ($1,000)_c*tf Int.01dCol.Tr.Co.,Bos.
,Tr.,&agencyinN.Y.
Electric Co. and the Cairo Elec. Light & Power Co.
Dec Ry & Lt con & ref mtge, 1913
869.000 Mar 1 1938
5%
$7,500,000 (rod at 105)- tf!Central Trust
STOC EC AND BONDSDate. Interest. Outstanding. Maturity.
Co of Ill., Trustee.
Stock, $1,000.000 ($100)
Bonds.-$542.000 Decatur Railway & Light Co. first and consols.
All owned by Western Rys. & Light Co.
are reCairo Ry & Lt M $1.000,000 gritf 1903 5 g J-D
$850.000 Dec 1 1938 served to retire an equal amount of prior liens as above. A sinking
fund
C E & T 1st M. $300.000, gntff 1903 5 g J-D
150.000 June 1 1923 of 10% of the net earnings, or not less than 1% of outstanding bonds,
is
($500 and $1,000)
cntflInt. at Central Trust Co., Chic. Trustee. to be invested in the bonds. Amount outstanding includes $75,000
bonds
Cairo City Gas Co $75.000 gold 1903 5 g J-D
held in sinking fund. These bonds are subject to call at 1073i and
75.000
June
1
1923
int.
Bond8.-0. E.& T. bonds subt. to call on any int. date aft. 10 yrs. at 105. on any interest date upon 60 days' notice.
Of the Decatur Gas & Electric
ROAD.-Operates 9 miles of track in Cairo, together with the electric Co. 1st M. bonds, $15,000 had to be redeemed
on May 15 1910 at 105 and
lighting and power plant. 24 cars. Furnishes city with 119 arc
and 196 a like amount each year thereafter in numerical order. These bonds
incandescent lights; alsa supplies 40 commercial arcs.-V.88, p. 293.
are
subject
to call at 105 and interest. The second mtge. bonds of the
374.
Decatur Gas & Electric Co. are redeemable at any time at 105 and
(5) Cairo & St. Louis Ry.
int.,
ORGAN IZATION.-Incorporatel in Illinois Oct. 1903 to construct a but there is no sinking fund on these bonds. Of the Dec. Ry.& Lt. consol.
& ref. bonds,$869,000 are deposited under the Danville Champ.
line from Cairo to East St. Louis. Has a 50-yearfranchise in Cairo, Mound
& Lt. consol. & ref. mtge. 31.300,000 are reserved to retire & Dec. By.
City and Mounds.
underlying
bonds and $5,331,000 for new construction.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ROAD.-Operates about 15 miles standard-gauge road in
Stock,$300,000_ --Decatur and
suburbs;
60
and
72-lb.
T rails. 23 motor cars and 16 others.-V.91. p.
First mtge. $250,0-0-0-,i_c&rtfI 1903
5 g M-N
$2
30
50:0
000 Nov 1 1938
38;
PortI'd(Me.)Tr.Co.,Trus.,&F.D.Lunt.Porti'd V. 92, p. 322.
Bowis.-Coupon bonds are n $1,000 pieces and registered in any desired
(c) Urbana & Champaign Railway, Gas & Electric Co.
amount. Int. at Portland (ltIo.) Tr. Co. No s. f. and not subject to call.
Controlled by Danville Champaign & Decatur By. 8: Light
Co.
BOA D.-11.37 miles of track completed and in operation;8 cars.-V.
ORGANIZATION.-A consolidation in 1397 of
& Champaign
88, p. 293.
Electric Street, Champaign Electric Light & Power,Urbana
Champaign & Urbana
Gas
Light
& Coke and West End Park companies.
(6) Central Lighting Co.
perpetual gas
steam charter. The underlying railroad charterOwns
is also perpetual.
ORGANIZATION. &C.-Stock auth. and out, $250,000 ($100); all and
Franchise in 1901 extended for 20 years.
owned by Western Rys. & Light Co. Coll, trust bonds auth. and out.
STOCK AND BONDS-- Date.
$250,000 gold ($1,000) ntf. Date 1902, duo July 1 1922. Int. (5
Interest. Outstanding. Maturity.
g Stock,$700.000
J.-J.) payable at Portland Trust Co.. Portland, Me.. trustee.
3700,000
U & C By G & E M $250,000 1897
5 g J-D
130,000 June 1 1917
(7) Chicago Ottawa & Peoria Railway CO.
g sink fd $5.000 yrly June Int. at Illinois Tr.& Say.
Bank, Chic,. Trus.
1 1900& aft($1,000).0_ntf
or at Chase Nat. Bank. New York City.
ORGANIZATION.-Bought outright in 1909 the Illinois Valley By
Operates largely on private right of way. Franchises in various towns Consol mortgage, $500.000 1899
5 g J-J
351,000 July 1 1929
($1,000,
gold
ntf
c
Int. at Portland Tr. Co., Portland, Me.,Trus
mature mostly after 1950.
U & 0 By G & E consol and 1913
5 M-S
689,000 Mar 1 1938
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ref dabs $4.000,000
Central Trust Co., Chicago, Trustee.
tf
Stock-$1,540,000 outstand' -All owned by Western Rys. & Light
Bonds.
-Of
Co.
the consol. mtge. bonds, sufficient are reserved to retire first
First cons and ref mtge, guar.I 1907
.7-13
5g
$2,918.000 Dec 1 1938 mortgage bonds. The bonds are subject to call on any interest
day at 105
$5,000,000 ($1,000)___ _ tf Central Trust Co. of Illinois, Trustee.
Of the U. & C. By., G.& E. consol. and
dabs., $689,000 are deposited
Illinois Val 1st M.82,000,000t 1905
5 g M-S
1.500,000 Sept 1 1935 under D. C. & D. By. & Lt. consol. &ref.
ref. M., $500,000 are reserved
g($500& $1,000),guar c _ tf Int. at Irving Nat. Bank, N. Y. City.
retire other bonds and $2,811.000 for additions and improvements.
lionds.-Cti. Ott. & Poo. 1st M.bonds are guar., p. & 1., by Western Rys. to ROAD
.-Operates 12.60 miles of track in and between Champaign and
& Lt. Co. $1,500,000 are reserved for prior lions. They are subject
to call Urbana. Has 20 motor cars and 8 others.
on any int.(lay on 30 days' notice at 105. Int. at Merchants' Bank of
CanUrbana
(d)
Light, Heat & Power Co.
ada in N. Y. City. Illinois Valley bonds have a sinking fund of 13'% per
Controls the electric lighting and steam-heating business of Urbana.
annum of amount out: mtge. was originally 32,000.000. but on merger
with
Entire stock is owned by Illinois Traction Co.
Chic. Ott. & Peoria the $500,000 unissued was canceled; $265,500 held
in
sinking fund. Bonds are guar., p. & i.. by Westere Rys. & Lt., Portland,
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
(Me.) Trost Co. is trustee. Are subject to call at 105.
Stock 3150.000
$150,000
First mtge $56,000 ($500)-elf 1903
ROAD.-Operates from Princeton, Ill., via Peru, La Salle, Utica, Ot
5 M-N
25,500
See text.
First consol mtge $200.000 1909
tawa. Marseilles, Seneca and Morris to Joliet, about 107 m.,
5 J-D
92,000
See text.
branches
($1.000)
from Spring Valley to Ladd and from Ottawa to Streator, with
tf
Central Tr. Co.of Ill., Trustee. Int. in Chic.
16
m.;
total.
about 123 m. Road from Morris to Joliet was placed in operation in Dec. Consolidated and refunding' 1913
5%
10,000 Mar 1
mortgage
tfiCentral Trust Co. of Illinois. Trustee.1938
1911; 85 cars.-V.87, p. 812; V. 92, p. 1374; V. 97, p. 520, 594.
Bonds.-First mortgage bonds mature $2.000 to 31.500 annually on
(8) Consumers Water & Light Co.
May 1 until May 1 1920. 330,500 retired up to Jan. 11915. Of 1st consol.
ORGANIZATION, &c.-Incorp.in Illinois in 1913 to
the Mar- mtge., $36,000 are reserved for prior bonds and $72,000 are
new conseilles Water & Light Co. (successor in 1910 to the Consol.succeed
Vat. & Lt. Co.) struction. Bonds mature on Mar. 1 yearly from 1918 to for
1927. They
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. are guar. by Illinois Traction Co. V. 89, p. 167. The entire outstanding
Stock
amt.($10,000) of consol. & ref. bonds are deposited under Dana. Chain. &
$398,000
First & ref M $500,000
1913
6 J-D
71'0
000 Dec 1 1938 Dec. By. & Lt. mortgage.
Marseilles W & Lt bonds(ntf). --__
5%
OFFICERS.-Pres., W. B. McKinley: Sec., E. A. MacNutt; Treas..
20,000 April 1921
Consol W & Lt bonds (ntf)
---5%
30,000
Dec 1925 Geo. M. Mattis; Gen. Man., M. II. Chubbuck.-V. 89. p. 167.
(9) Danville Champaign & Decatur R.& Light Co.
Danville & Eastern Illinois Ry.
(10)
0RGANIZATION.-Incorp. in Maine May 14 1913. Is a holding
Stock, $125.000. Temporary bonds to the amount of $50,000(5%) are
company and controls substantially all the electric,
gas. street railway outstanding. duo 1927.
and public-heating systems in Danville, Decatur, Champaign and Urbana.
pranchiies covering gas, electric and heating, with few exceptions,
(11) Danville & Southeastern Ry. Co.
extend
many years beyond 1938. Street railway franchises expire
at various dates
ORGANIZkTION.-Incorporated in Illinois on Jan. 14 1909.
before 1938. the laws of III. not permitting long-time street ry.
franchises.
STOCK AND BONDSDate
tnterest. Outstandin,. Maturity
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Stock
All owned by Illinois Traction Co.
Stock. $3,700,000 ($100)--- First mortgage $100.000 gold.1 1909 5 g
$3,688.000
$60.000 July 1 1929
Cons & ref coll tr $15,000,000
( 1913 5g M-8
($1.000)
c&r tfjInt. at Central Trust Co., Chicago, trustee.
2.407,000 Mar 1 1938
g c*Scr*, red at 101 and int.int. at Boston Safe Deposit & Trust
-Subject to call at 105 and int. on any Int. date. Guaranteed.
Co p.Bonds.
guar prin and interest__ tf
& I., by Illinois Traction Co.
Trustee. II. D. Heatlifield also Trustee
ROAD.-Operates 7 miles of road from Danville City limits. Grape
Bonds.-Secured by all the stocks and bonds of constituent companies..
Creek coal district:. 704b. rails.
namely $675,000 Dec. Ry. & Lt. Co. Consol. & Ref. 55; $541,000
Urbana
OFFICERS.-Same as those for Illinois Central Traction Co.
& Champ.Consol.& Ref. debs.;8871,000 Danville St. Ry.& Lt. Co. Consol.
& Ref. 5s and $5,000 Urb. Lt. Ht. & Pow. Cons. & Ref. 5s. There are
(12) Danville Urbana & Champaign Ry.
$2,588,000 underlying bonds (maturing from 1914 to 1933) for payment
ORGANIZATION.-Incorporated in Illinois under the
of which a like amount of cons. & ref. bonds is reserved. Remaininng
law on
July 23 1902: Owns the Danville Paxton & Northern Ry. railroad
$10.025,000 may be issued for additions and iinpts. to constituent
Mostly private
right of way.
under certain restrictions. They are guar. p. & I. by III. Trac. Co.. ascos.
are
also sub. co. bonds deposited under this mtge. All future issues of
STOCK AND BONDSDate. Interest. Outstanding. Maturity.
stocks
and bonds by constit, cos. must be pledged under above coll. trust
Stock $250.000
$250,000
V. 96, p. 1422. Coupon bonds in donom. of $1,000; regis. bonds IS91.10., First mortgage $2.000,0001 1903 5
g M-S
$1,000.
2.000,000 Mch. 1 1923
$5,000. $10,000 or multiples of $1,000.
gold $1,000) guaranteed Interest at Agency of Bank
of Montreal,N.Y.
Sinking fund will retire before maturity about 40% of total bonded
c* tf
Northern Trust Co., Chicago, Trustee.
debt. Second
Incl. underlying bonds.
mortgage 3500,0001 1905 6 g 5-5
212.000 See text.
gold ($1,000) serial__ _c* tf(Int. at Agency Merchants'
EARNINGS.-Of constituent cos. for cal. year 1913, gross,
Bk. of Can., N.Y.
$1,746,480, General mortgage bends__tf
not,after taxes, $789,314; bond int., $218,750; balance,
1910
6%
700,000 Nov. 1930
$510,591.-V. 96.
p. 1422, 1488; V. 98, p. 1155.
Bonds.-The first 5s have no sink. fd., but are subj. to call on any int. date
upon 90 days' notice at 105 & int. The bonds are guar., p. & I., by end. by
(a) Danville Street Railway & Light.
Dans,
. St. Ry. & Lt. Co. and Urbana & Champaign Ry., Gas & Elec. Co.
Controlled by Danville Champaign & Decatur By. & Light Co.
V. 81, p. 261. The 2d 6s mature $50,000 on Jan. 1 1908 and
$50,000 each
ORGANIZATION.-Incorporated in Dec. 1899 as a consolidation
Jan. 1 thereafter. The $50,000 due on Jan. 1 1903 and
of
all
$50,000 due Jan. 1
the street railway, electric light, gas and steam-heating interests.
1909, as well as $12,000 of the $50,000 due Jan. 1 1911.
were
$258.000
have been retired. They are subject to call at par onextended.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity' notice. Are
30 days'
guar., p. & I.. by III. Trac. Co. Trustees are Montreal
Stock, $1,500,000 ($100)- -Tr. &
$1.438,000
Dep.
Co.
and Thos. Fyslie.
Refunding mortgage, $700.- 190U
5 g J-J
661,000
Jan
1
'16-'25
gold ($1,000)
c* tf Interest at N. W. IIarris & Co.
ROAD.-Operates 70.1 miles of track over private rtgat of way,connectConsol and ref dabs, 87,500,-I 1913
ing
the
cities
of
Danville,
5 M-S
Urbana and Champaign, with branches from Dan912,000 Mar 1 1933
000
tf Central Trust Co. of Ill.. Trustee.
ville to Georgetown and Ridge Farm; Danville to Catlin
and Ogden to
Bonds.-Ref. bonds are due $6.000 annually Jan. 1 1910 to 1924 inclusive Homer. 70-lb. rails. Has 23 motor cars, 10 electric
locomotives and
and remainder on Jan. 1 1925; $36,000 have been retired.
164
miscellaneou
s cars.
Sinking
fund
of
$6,000 per year began Jan. 1 1910, bonds being drawn (at par and accrued
OFFICERS.-Pres., W. 13. McKinley; Sec., E. A. MacNutt; Treas.,
int.) in numerical order, beginning with No. 1. Mortgage trustee is the Gee.
M.Mattis.-V.81. p. 261: V.83. p. 435; V.84, p. 338; V.83. p.
Illinois Trust & Savings Bank, Chicago. V. 70. P. 125. Of the consol.
563.
&
ref'. debs. of 1913, 8912,000 aro deposited under D.C.& D. By. & Lt. M.
(13) Des Moines & Central Iowa Electric Co.-A holding company.
$670,000 are reserved to replace underlying bonds and $5,918,000
for cost
ORGANIZATION.-Controls the Iowa subsidiary
of now property.
of the
Illinois Traction Co., which include the electric-light and properties
power companies,
COMPANY'S PROPERTY.-The company owns the following: 1. Gas serving
Des Moines. Oskaloosa, Colfax, New Valley Junction,
works operated under special charter and a perpetual franchise.
New
Sharon,
2. An Prairie City and Montezuma and the street railways in Oskaloosa.
electric-light plant is operated under a 99-year franchise; also has dynamos
Controls the Des Moines Electric Co. and the Oskaloosa Traction &
for furnishing power to street railway. 3. Tile entire street
Light Co.
railway sys- The bo vis of this co. are secured by pledge of $226,000
gen. mtge. 6%




24

ELECTRIC RAILWAYS

[VOL. 101.

Bands.-Of the $3,600.000 first and ref. bonds, $291,000 are reserved
bonds of the Des Moines Elec. Co. (total out) and all the common and pref. for additions and improvements at 75% of cost; $415,000 have been retired.
stock of the same co. Also $17,000 gen. mtge. bonds and all the stock of They are guaranteed, D. & 1., by endorsement by the Illinois Traction Co.
the Oskaloosa Traction & Light Co.
The bonds are secured by a first mortgage upon all properties and franInterest. Outstanding. Maturity. chises of the Peoria Railway Co. now owned or hereafter acquired. The
STOCK AND BONDS- Date.
Co.
Trac.
111.
by
controlled
or
owned
____-All
trustee is the Illinois Trust & Say. Bank, Chicago, Ill. The bonds expire
Stock, $1,000.000 ($100)
$1,180,000 Sept! 1937 on Feb. 1 as follows: $25,000 in 1908, $30,000 in 1909, 335,000 in 1910,
Sic fd gold bonds,$10,000,000 1913 6M-S
York,
New
Bank,
National
First
at
Interest
105
at
red
$1,000)
&
($500
$55,000 in 1911, $60,000 in 1912, $65,000 in 1913, $70.000 in 1914. $75,000
or the Central Trust Co.ofIllinols,Trustee. in 1915,$80.000 in 1916, 385,000 in 1917.395.000 in 1918,$100,000 in 1919,
& int guar p & 1 and s f by
in 1920, $110,000 in 1921, 3115,000 in 1922, $120,000 in 1923.
end by Illinois Trac Co..c*
$105,000
1.969,000 Nov!1938 $125,000 in 1924, $130,000 in 1925, and the remaining $750.000 in 1926.
5 M-N
Des Moines Elec 1st M $5,- 1908
Co., Boston.
subject to call on any interest date at 105 and interest. See
are
They
000,000 ($1,000) s f_ _ _ _tf Interest at American Trust
239.000 Jan 1 1923 V. 83, p. 38,436; V.89, p.42; V. 90, p.560.
5 g J-J
Osk '1' & Lt Co bds $300,000 1903
N.
Y.,Trus.
Co.,
Trust
&
Mtge.
S.
U.
at
Int.
fund..c*
sink
Earnings.-For year end. Dec. 311914, gross, $781,614; net, after taxes,
($1,000) gold
be issued for 80% $291,347.
Bonds.-Additional sinking fund gold bonds can onlycertain
other restricof standard-gauge track, 98 motor
of the cost of improvements, &c., to the sub cos., and
ROAD.-Owns and operates 54 milesproperty
Sept. 1914.
near the centre of city and
valuable
tions. Annual sinking fund of 1;•6% of bonds out began Nov.
1 1914 cars,40 other cars. Also owns
several
amusement parks,estimated
Des Moines Elec. Co. 1st M. bonds are subject to call after
including
estate,
real
other
lA % 1926-31; 2% considerable
at 105. Sinking fund, 1% of bonds Nov. 11914-21;
. 00,p. 560; V. 92, p.1500; V. 93, p.1535; V. 100.
3500,000.-V
to
be
worth
to
of
$5,000
fund
sinking
have
bonds
Light
&
1931-37. Oskaloosa Trac.
p. 643, 902, 1079; V. 101, p. 213.
1536.
be delivered to trustee annually. V. 98. p. 839.
net, after taxes,
Earnings -For year end. Mar. 311915,gross, $874,318;
(21) Quincy Railway Co.
p.287.
101,
.
$241,315.-V
surplus,
$418,450; bond interest, $177,136;
ORGANIZATION.-Incorp.in Illinois in 1912 as successor to the Quincy
Horse By. & Carrying Co. V. 91, p. 1628. in Quincy.
(14) Galesburg Railway. Lighting & Power Co.
Principal franDoes entire (electric) street railway business
Galesthe
over
and
took
ORGANIZATION.-Incorp.In Ill. Sept. 101913
1865, and exclusively for 50 years. Other
Lt. Co.. the Knoxville chise is unlimited, granted in to
burg Ry. & Lt. Co. the Galesburg Gas & Elec. Co.
1937.
Subsequently took franchises mature from 1922
and the Abingdon Lt. & Pow.
'
Elec. Lt. & Pow. Co.
Interest. Outstanding. Maturity
STOCK AND BONDS- Date,
over the People's Traction Co. V. 98, p. 155.
$1,000,000
$1,000,000
Stock,
Maturity.
Outstanding.
Interest.
955,000 Feb. 1 1932
STOCK AND BONDS- Date.
5%
tf 1912
$1,000,000
Bonds,
$3,500,000
Stock. $3,500,000 ($100)ROAD.-Operates 18.45 miles of track; 51 cars.-V.94, P. 1628.
350.000 Dec 1 1938
5 g J-D
1st & ref mtge, 33,500.0001 1913
Y.
N.
($1,000) red at 105_ _c*Str'Int. at Merchants' Bank of Canada,
(22) St. Louis Electric Bridge Co.
979,000
Galesb By & Lt 1st cons_
a bridge from
ORGANIZATION.-Incorporated in Jan. 1907. Owns
171,000
Gaiesb E & M P 1st M
1909 company in.. 350,000
Salisbury Street, St. Louis, to Venice, Ill. In April
Gaiesb G & El Lt 1st M
$1,000,000. V. 88, p. 946. Stock all
26,800
creased capital stock from $2,500 tofranchise
Abingdon Lt & Power
provisions, see V.85. p. 100.
149,700 Mar 1 1922 owned by Illinois Traction. For
5 g M-S
People's Trac 1st M 3150,0001 1902
loridge was formally opened
Construction was started in Oct. 1907 and
c*Scrtf___'Int. at Farm. & Mech. Bk., Galesburg.
gold ($100)
V.88,p. 946; V.91. p. 1328.
100;
p.
85.
liens
prior
V.
for
reserved
are
101910.
bonds
Nov.
mtge.
on
ref.
and
first
-$1,500,000
Bonds.
outstanding,$2,592.($1,000)tf;
$3,500,000
auth.,
&
p.
gold
are
(5%).
guar.,
1..
by
mtge.
Bonds
First
and remaining $1,650,000 for additions, &c.
Hamilton, Peoria, trustee. This mtge. re000; date 1913. E. Bentley
Western Rys. & Lt. Co. E. Bentley, Hamilton,is trustee. People's Trac.
mtge. of 1909. V. 98. p. 74.
(temporary)
have
$300
is
old
trustee.
Townsend
the
placed
A.
L.
at
105.
call
to
are
subj.
Co. bonds
been retired.
Railway Co.
(23) St. Louis Electric Terminal
stations costing about
-A trolley road.
Owns extensive freight and passenger terminalfranchise
(15) Illinois Central Traction Co.
giving the IlliORGANIZATION.-Incorporated in Illinois in 1903 under general $5000.000; also valuable real estate and a 50-year
By.Co.of Venice,
the
Citizens'
Also
owns
Louis.
way.
of
right
St.
private
in
Mostly
outlet
laws.
railroad
nois Trac. an
Granite
City and
Madison,
in
street
railway
utstanding. Maturity. which operates 4.88 miles of
ere
t
SSTOCK AND
---31.100.000
Venice. V. 91, p. 1769.
Stock $1,100,000--------- ---------Interest. Outstanding. Maturity.
1,469,000 Dec 1 1933
STOCK AND BONDS- Date.
1st mtge, $2,000.000 ($1,-1 1903 5 g -D
All owned by Illinois Traction Co.
c*tf J Int. at Old Colony Tr. Co., Boston, trustee. Common, $1,000,000
000) gold, guar
$1,000,000
746,000 1929 & 1931 Preferred 5%
Temporary general mort ___tf -__5 & 6
notice at
4-5 F-A
1,'724,000 Dec 1 1929
1909
Bonds.-Are subject to call on any interest date on 60 days'
1st M (temporary), $3,5000
82.
at
V.
Co.
by
Int.
Illinois
Bk.
of Canada, Montreal.
Traction
1.,
f
&
Merchants'
p.
I_
&
p
guaranteed,
Are
int.
1073.4 and
000,g($1.000).guar
Dec. 1
to
are
at par on any interest
call
subject
bonds
p. 804. A sinking fund of 10% of net earnings became operative
(temp.)
M.
-First
s.fd.
Bonds.
held in
&
I.,
p.
by
guar.,
Illinois
Traction Co.
are
They
1908,but not to be less than 1% of bonds outstanding. $103,000
fund.
No sinking
ROAD.-Operates 45.5 miles of track from Decatur to Springfield, with day.
Louis Springfield & Peoria RR.
an extension from Buffalo to Mechanicsburg; 70-1b. rails. Has 11 motor
St.
(24)
cars, 1 electric locomotive and 53 miscellaneous cars.A. MacNutt; Treas.
ORGANIZATION.-Incorporated in Illinois Dec. 1&1909 as a consolidaRy., the St. Louts Staunton Ry., the
OFFICE RS.-Pres., W. B. McKinley; Sec., E.
tion of the St. Louis & Springfield
Geo. M.Mattis; Gen. Mgr., M.E.Chubbuck. V.82, p.804; V.84. p.339 Tr
St. Louis & Northeastern By. Operates on
-City Trac. Co. and the
except through cities and towns (about 17 miles), where
way
of
right
private
Co.
&
Light
Railway
Jacksonville
(16)
beyond 1903. In 1911 acquired the Springfield
ORGANIZATION.-Incorporated in Maine in Dec. 1905 and is a con- franchises extend to or
solidation of the Jacksonville By. Co. and the Jacksonville Gas Light & Belt Ry. acquired the Peoria Lincoln & Springf. Ry. Co.,the Peoria Bloom.
1912
In
perpetual.
Franchise
Coke Co.
Trac. Co., the Terminal Pow. Co. and the Springfield &
Interest. Outstanding. Maturity. & ChampaignTraction
Co,(acquired Nov. 1 1913).
STOCK AND BONDS- Date.
Northeastern
$100,000
Stock, $500,000 ($100)contracts for use of bridge and terminals of St. Louis Eleclong-time
Has
573,000 Jan 1 1931
5 g J-J
Louis Electric Terminal Ry.. enabling it to operate
Jack Ry&Lt 1st cons M ,$1,- 1906
St.
and
Co.
Bridge
tric
Co., Chicago, Trustee,
000,000,gu,g ($1,000)c*_tf Central Trust
150,000 Jan 1 1931 directly into St. Louts
5 J-J
Jacksonv Gas Light & Coke ____
Date. Interset. Outstanding. Maturity.
BONDSChicago.
STOCK AND
Co first mortgage_____ ntf Int. at Merchants' Loan & Tr. Co.,for prior
$6,030,000
Common 36,000,000 ($100)..
Bands.-Of the $1,000,000 1st consols, $160,000 are reserved
2,572,000
5%
($100)
is
out
payable
of
bonds
2%
Co.
32,572,000
Trac.
Prof.
Illinois
by
liens. Are guar., p. Sc I.
J-D
5
1905
4,653,000 Dec 1 1939
g{
$15,000,000
date at 105. Int. at 1st & ref mtge
annually to a sinking fund. Are sub.to call on any int.
$1,000 or Illinois Trust & Say Bk, Chicago, trustee
&
&
C.
L.
Gas
coup
Jack.
retired.
$30,000
($1,000
N.
Y.
Canada,
of
Bank
Merchants'
or London.
multiples reg.)____c*&r* tf Interest In New York. Chicago
4.51,000 Dec 1 1933
ROAD.-Operates about 7.65 miles of track and also does electric lighting St Louis & Springfield 1st M1 1903 5 g J-D
and gas business in Jacksonville. 14 motor cars and 9 others.-V.95, p.
($1,000) s fgold guar c*Aff Interest at City Trust Co., Boston, trustee.
1939
4,157,000
1542; V.97, p. 1733, V. 99. 1748.
StI4Sp&P gen11 $15,000,0000 1906
-D
5 1?
145,000 Dec 11938
Springfield & Northeastern Int.
(17) Jefferson City Light. Heat & Power Co.
at agency Merch. Bank of Can., N. Y.
$1,500,mtgo
1st
Traction
c*l Central Trust Co. of Illinois, Trustee.
ORGANIZATION,&c.-Supplies gas and electricity to Jefferson City,
000 ($1,000) gold
280,000 Nov 11036
Mo. and furnishes current for operation of the street railway. Has Peoria Bloomington & Cham 1906 5 g M-N
gold1 Int. at agency Merch. Bk.of Candaa,N.Y.
$200',000 5% bonds outstanding, (cpt) due May 1925.
33,000.000
M
1st
Trac
to
Central Trust Co.. Chicago. Trustee.
c*tf
On Nov. 25 1913 received permission from the Missouri P. S. Comm.
bonds reserved for various purposes,
issue $200,000 pref. stock and $200,000 bonds for the purchase of the stock
Bonds. -Of the $10,347,000 1st & ref.
& Northeastern Traction Co. bonds,
of the Jefferson City Bridge & Transit Co. See V. 97. p. 1666.
$145,000 are reserved for Springfield
to redeem a like amount of general
$2,250,000
liens,
prior
$715,000 to retire
(18) Madison County Light & Power Co.
and $7,237,000 for 80% of cash cost of additions and exIs a consolidation in 1906 of the Edwardsville Light & Power Co. and the mortgage bonds
for redemption of gen. mtge.
$2.2a0,000
the
and
$7,237,000
The
tensions.
to
Edwardsand
power
Granite City-Venice Electric Co. Supplies light
$500,000 (issuable at any time for 80%
stock bonds (total 39,487,000), excepting
ville, Granite City, Venice and Brooklyn. In Dec. 1912 increased its
impts.) can be issued only when, for the preceding 12
&
add'ns
Co.
of
cost
of
Traction
by
Illinois
all
owned
Stock
from $100,000 to $335,000.
five times and net earnings 1X times
months gross earnings have equaled
Interest. Outstanding. Maturity the
and those proposed to be issued.
STOCK AND BONDS- Date.
interest charge on all bonds outstanding
$335,000
Stock $335,000
105 on any int. date. Bonds are unconditionally guar.,
at
Redeemable
531,000 Dec 11938
5 g J-D
V. 95, p. 177. Are listed on
304;
p.
90,
V.
Co.
Trac.
1st mtge $1,000,000 ($1,000){ 1906
Illinois
p. & I., by
1st M. bonds are subj. to call
c* tf Int. at agcy. Merchants' Bk.of Canada,N.Y. Chic.
gold
Stock Exch. St. Louis & Springfield
Central Trust Co. of Illinois, Trustee.
on 60 days' notice at 10734 & int. Are guar., p. Sc I., by
date
int.
any
on
, Bonds.-Guar. p. and I. by Illinois Traction Co. Can be called on Ill. Trac. Co.; $105,000 of bonds held in s. f.
sour weeks' notice on any int. day at 105. No sinking fund.
Peoria Bloom. & Cham. Tr. let M. bonds are guar., p. & I. by III. Trac.
Co. They are subject to call on any interest date at 105 on 30 days' notice.
(19) Northern Illinois Light & Traction Co.-A trolley road.
ROAD.-Extends from Venice, opposite St. Louis, to Peoria and BloomORGANIZATION.-Incorporated in Illinois and was successor in July
miles;
,with branches from Staunton to Hillsboro. Trackage, 210.49
1903 to the Ottawa By.. Light & Power Co., sold under foreclosure. Fran- ington
miles of sidtrack, 10.10 miles belt line, 0.29 miles second track, 23.06251.53
main
Has
contract
railway.
for
1924
March
and
until
for
lighting
perpetual
chise
miles.
total,
tracks;
of
miles
industrial
7.59
and
turnouts
and
ings
stock.
all
the
owns
Co.
for city lighting. Western Rye.& Light
guage. Owns 411 cars and 4 locomotives and leases 52 cars.In Sept. 1913 increased cap, stock from $250,000 to $750,000. V. 97, Standard
V. 94. p. 1120; V. 95, p. 177, 237: V. 98. p. 691.
D. 729.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
(25) Topeka Edison Co.
$398,000
Stock, $750,000 ($100)ORGANIZATION.-On Mar. 1 1910 Illinois Trac. Co. purchasedfrop*668,000 July 1 1923
5 g J-J
First mtge, $1,200,000, goldf 1903
erty. Operates electric-light and steam-heat plant in Topeka, Kan. ends
($500 and $1,000)__c*__tf lInt. at American Tr. Co.. Boston. Trustee. auth.. $1,250,000; out, $805,000; dated 1905,due Sept. 1 1930;int.(5 ,,) tf.
trustee. Sinking fund
All but $265,000 of these bonds are guar., p. & I., by endorsement, by J.-J. at Cont. & Comm.Tr. & Say. Bank, Chicago,
315.000 per annum, payable Dec. 15. $75.000 have been retired.
Western Rys. SE Light Co.
Bonds.-No sinking fund and bonds cannot be called. Remaining bonds
(26) Topeka Railway Co.
are for additions, extensions and new properties.
ORGANIZATION.-Incorp. under general railway laws of Kansas in
ROAD AND PLANT.-Operates 6.5 miles of line, covering the principal.
absorbed the Vinewood Park By., and made a new mtge. for
streets of Ottawa, and also runs out of the city to Ellis Park, a pleasure 1892; in 1903On
June 4 1903 obtained a new 30-yearfranchise, running from
Chautauto
$1,250,000.
Ottawa
from
has
extensions
Also
resort on the Illinois River.
the provision that $400,000 be expended within 3 years on
qua Park. Equipment, 8 motor and 3 other cars. Has both steam and that date, with
has secured franchises in perpetuity on county roads now
Also
system.
independbe
operated
power,
can
the
which
generating
for
plants
water-power
privilege of hauling freight. City agrees never to reduce
ently if necessary. Is supplying 167 enclosed arc lights under city contract occupied, with company
will earn less than 10% on stock. The city is to
rates to where
and 107 for commercial lighting.-V. 97, p. 729.
exreceive 10% of earnings remaining after 10% has been earned. Upon
has the right to acquire the property, but not
city
road
trolley
-A
anchise
ft
Co.
of
piration
(20) Peoria Railway
ORGANIZATION.-Incorporated under general railroad laws of Illinois before. V. 76, p. 866, 1302.
Kansas Ry. & Light Co. (bolding company) has $1,436.000 temporary
in 1906 and is successor to the Central Railway Co. Has acquired, owns
bonds out, due 1935. V. 92, p. 1243.
and controls all street railway lines in Peoria and outlying suburbs of AveryInterest. Outstanding. Maturity.
%dile, Peoria Heights and East Peoria. The entire stock is controlled by
AND BONDS- Date.
STOOK
$1,250,000 f.p
the Illinois Traction Co. Franchises in Peoria expire in 1926 and those in Stock, $1,250.000 ($100)1,145,000 Jan 1 1930
1 1904
adjoining districts in 1924.
5 g J-J
gold
$1,250,000,
mtge.
First
Comm.Tr.& S.B.,Chic.,Trus.
Favorable Decision.-On Oct. 26 1911 the Illinois State Supreme Court.
Cont.&
tf
at
c*
lint.
(31.000)
of cost of new power80%
for
reversing the Circuit Court, held that the City Councils could not grant a
are
reserved
Bonds.-Remaining bonds
franchise to the Peoria Ry. Term. Co. over streets to which the Peoria By. house and for betterments and additions. Fifteen bonds per annum, bealready held a franchise. V. 93, p. 1535.
105 and interest until Jan. 11915, when
be
at
called
can
1,
No.
with
ginning
In Dec. 1912 increased its stock from $1,000,000 to $1,010.000.
entire issue is subject to call at that price. $105.000 have been retired. A
On July 2 1915 the P. U. Comm. granted authority to issue $115,000 sinking fund began Jan. 1 1910, which is sufficient to retire $15,000 per
1st & ref. 5% bonds. This amount is not included in the table below.
annum at 105 and interest.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
ROAD.-Owns 33 m.of trolley; 70. 75 and 80-1b. rail. Operates 30 cars.
$1.010,00()
Stock. $1,010,000
Chas.
OFFICERS.-Pres., W. B. McKinley, Champaign,III.; V.-P.,Mattis.
2,894,000 See text.
5 g F-A
First & ref mtge, $3,600.000.c 1906
Champaign; Sec., E.A. MacNutt, Montreal; Treas., G. M.
Zilly.
OH Interest payable in New York.
gold ($1..000)
978.
915,
p.
V.
90,
-Y.81. P.'728: V. 82. p. 101;
1926
813,000
5%
t 1909
General mortgage




To Belvidero--CONNECTING WITH
Rockport, Freeport,
Beloit and Janesville




AURORA, ELGIN & CHICAGO
RAILROAD
AND CONNECTING LINES

°Munger

AURORA
MONTGOMERY

26

ELECTRIC RAILWAYS

[VOL. 101.

1915, through an
plant near Greenville. The Charlotte Elec. By. in May
to $1,000.
amendment in its charter, reduced its capital stock from $1,250,000
ng. Maturity.
Outstandi
Date.
Interest.
BONDSSTOCK AND
0
$5,000,00
Stock 85,000.000(8100)
July 1 1943
1915 5 g J-J L. 3,250,000
1st & ref M $30,000,000 _______ Int.
& Tr. Co., N. Y.,Trustee
at Farmers'
c*_tfj
riOding
,OeO
1d
$7,
v
(
BondsMi 1890
355,000 July 1 1929
5 g J-J
Char Elec Ry, L & P 1st
.
0
te4e
s9
1u1
anTr
Bal.ti.,
0
.0
0om.,00
at Mere.Tr.& Dep5
$500,000 g ($1,000)sfc*ntfIInt.
486,000 Aprli 1 1936
)
&
o0
P1rmef
($
Lg&
00
y,
R,0
0c00
21,e
Char
m 1sE
ce*xttf mt.at Mere. Tr.& Dep. Co., Bait.,Trustee.
5 g J-J
l 1000
Fries Mfg & P 1st M gold!Int.
at Equitable Tr. Co., N060,000. Y., trustee.
($1,000) optional at 110..__
Co
P
&
Lt
Anderson Water
Winston-Salem Power Co_
Bands of Controlled, &c., Cos.282,000 May 1 1935
5 g M-N
1905
Greenv-Caro Power 1st M g 1Int.
ob
BosFte
ele
n,Itru1s
9t3
o 0
C.
at Old Colony Tr. Co.,
CHARLESTON, S.
tf
($1,000)
NG CO.
F-A
LIGHTI
5
&
Y
1901
RAILWA
$250.IDATED
M
1st
CONSOL
Trac
Greenville
CHARLESTON
Co.,
Phila.,
trustee.
Trust
Girard
at
Int.
on April 19 1910'
000 ($1,000 and $500) c* bonds,$1,747,000 are reserved for prior liens;
ORGANIZATION.-Incorporated in South Carolina
the Charleston Cons. Ry.,
Bonds.-Of the 1st and ref.
s and acquisition of other
Leases for a period of 99 years from June 21 1910
and 4% to July 11911, 5% to remainder issuable for 70% of cost of extension
Gas & Elec. Co. Lease guar. 6% on pref.stock;
105 and int. after July 11916.
also int. on outstanding properties. Redeemable in whole or part atM.
bonds have a sinking fund,
Jan. 1 1913 and 69' thereafter on corn.
1st
Pow.
&
Lt.
By.,
Elec.
Elec.
&
Charlotte
Gas
Ry.,
The
bonds of the Char. Cons.
electric operative July 1 1900, of 1% of bonds out; to be invested in bonds drawn
Rates.-As a result of a compromise with the city, cheaper gas,
e at lower figure in open market;
by lot at 107A and int., if not obtainabl
a sinking
light and power rates were put into effect Nov. 11912. V. 95, p. 1206.
The ref. and ext. mtge. bonds have
Par. Authorized. Outstanding. Dividends. $45,000 have been canceled.
issued, for purchase of bonds at
bonds
STOCKof
1%
fund operative April 1907 of otherwise,such investments as trustee deems
None
0
0
$1,500,00
$1,500,00
$50
Common
None.
107M and int., if obtainable;
500,000
500,000
50
been retired. A sinking fund of
Preferred
88; p. 1252. 819,000 have
V.-P. & proper. V.Greenville
-Carolina Power Co. bonds began May 1 1910.
OFFICERS.-Pres., P. H. Gadsden; V.-P., Walton Clark;Jas.
on the
1%
Ball;
31:
Dec.
Gen. Mgr., G. H. Waring; Sec., G. W. Curran; Treas.,
ending
years
EARNINGS.-For
Interest & Balance,
Net
Expenses
Asst. Sec. & Treas., C. M. Benedict.-V.90. p. 1101: V. 91. p. 214. 1327; Calendar
Gross
Earnings. Rentals. Surplus.
Taxes.
&
V. 95, p. 297. 419. 1206; V. 96, p. 862.
Earnings.
Year$254,410 $267,972
$522,382
Co.
$950,610
2
Electric
&
81,472,99
1914
(1) Charleston Consolidated Ry.. Gas
254.410 _ 280,217
534,627
992,872
1,527,499
ion of the 1913
ORGANIZATION.-Organized Feb. 21 1899 as a consolidat
60, 70 and 90-1b. T
railway;
street
of
miles
65
s
of
-Operate
Act
Special
under
PROPERTY.
near Anderson,
plants
Charleston City By. and Charleston & Seashore RR. & elec. light powers.
ctric
IIydro-ele
in.
8A
ft.
gas
and girder rails; gauge,4
So. Car. Legislature, granting perpetual charter and
alem, 1,760 h. p. capacity; steam
incl. wharf prop- 8,667 h. p. capacity, and near Winston-Scapacity,
and a gas-electric
each,
In Oct. 1912 sold to James Sottile the Seashore division,
p.
h.
1,000
with
Palms,
of
cities
Isle
erties, ferryboats, the railroad line from.Mt. Pleasant to the Sale was auth. plants at these
p. Leases Savannah Power Co's
plant at Charlotte, capacity 1,700 h. p. Also purchases a large part of
with its equipment, and the power house on Sullivan Island.
and formal transfer plant, near Anderson; capacity 2,666 h.
by an Act of the Legislature approved Feb. 12 1913
Co.
Power
Southern
Palms
Its requirements from Z. V. Taylor; V.-P. A. V. Harrill; Sec., W. C.
was made Mar. 15 1913. V. 96, p. 862. See Charleston-Isle of
OFFICERS.-Pres.,
Traction Co. below.
E. F. Taylor.-V.97, p. 241,
'
of the Charleston Parker; Treas., E. C. Marshall; Gen. Mgr.,
Franchises are perpetual. Also owns the capital stock
Co.
Light & Power
180.
Gas Light Co. ($698,150) and the Charleston-Edison
tion
transporta
and
of
light
field
whole
the
controls
thus
($100,000), and
RN RV.
PIEDMONT & NORTHE
and on
in Charleston. V. 92, p. 880.
OROANIZATION.-Incorp. on Feb. 24 1911 in South Carolina,
On March 18 1914 shareholders authorized the issue of $500,000 new comover the properties of the Piedmont Traction Co.
took
1914
1
July
610.
about
999,
p.
or
will ultimon stock. V. 98,
system
The
&
Co.
By.
rg
Anderson
Spartanbu
e
Interest. Outstanding. Maturity. and the Greenvill -Durham, N. C., to Greenwood, S. C., 320 miles. In
STOCK AND BONDS- Date.
mately extend from
$2,604,400 See text.
0-J
ion actually took place, the road was opStock, corn, 83,000.000 ($50)- ---May 1914, before the consolidat
500,000 See text.
115-J
miles extending from Charlotte to Gastonia.
Pref 6% cum. $500,000 ($50)in two sections (1) 23A
1
1923
erated
Jan
731,000
J-J
g
5
1
1808
mtge
first
City
Piedmont Trac. Co., and (2) 03.5 miles
the
n
Charlesto
which division was known asto Greenwoo
D.Co.,Balt.
d, S. C., with a 10.5-mile branch
($1,000). $850,000 goldc tf Int. at Mere.Tr.& S.1,769,000
Mar 1 1999 extending from Spartanburg
5 g M-S
known as the Greenville Spartanburg
was
which
Consol mtge, gold, $2,500.- 1899
Anderson.
Co. Trustee. from Belton to
section from Charlotte to Gastonia was opened for
000, coupon ($1.000)-..5t1 Interest at Baltimore Trust
The
By.
People's
Anderson
arid
&
Bank
Savings
from Greenwood to Belton and AnderHolders can also collect coupons at Carolina
the month.
traffic July 3 1912 and the sectionBelton to Greenville was completed and
National Bank, Charleston, If presented before the 10th of
like son in Nov. 1912. The line from
Bonds.-Of the consolidated 5s, $731,000 are reserved to retire a
a month later, and the extension from Greenville to
traffic
for
opened
23 1914. Power is obtained from the
amount of City By. first 5s.
Spartanburg was opened upisMarch
Dividends.-See dividends guaranteed under lease above.
Co., which controlled by the same interests.
n. The com- Southern Power BONDS- Date.
Interest. $Outstanding. Maturity.
ROAD,&c.-Owns 38.1 miles of electric road in Charlestoand
STOOK AND
light and
10,0
pany has consolidated its two power stations; both railway
-- - Corn stk $15,000,000 ($.100)-July 1 1954
See text
5 g J-J
1914
power divisions are being operated from same station.
00
$50,000,0
mortgage
First
& Tr. Co., N.Y.,trus.
Bendt;
Loan
J.
Farmers'
Chas.
at
&
Treas.,
Int.
Sec.
ntf
H.
Gadsden;
0'
Philip
..
gold
OFFICERS.-Pres
July 1 1919
141
See text
5 g J-J
88,500,000 1914
es
noot
Asst. Sec. & Treas., M. C. 0. Tessier, all of Charlseton. Offices,V.No.
gli
00
14
$
(
lst
92, p.
not inter Int. at Farmers' Loan & Tr. Co.. N. Y.,trus.
Meeting St., Charleston. V. 88, p. 504: V. 90, p. 1101, 1169;
($1.000 & 8100)$50,000,0
g
issued and
are
00
d,
$10,000.0
authorize
00
999.
610,
p.
593, 880; V. 95, p. 1122; V. 98,
Bonds.-Of the
0 notes. Red. at option of co.,in whole
pledged as security for the $8,500,00
Of the notes, it is
int.
and
at
105
1914
1
CO.
ON
July
TRACTI
after
PALMS
OF
LE
date
STON-IS
int.
CHARLE
or part, any
subwith auth. capital of reported that a majority of them have been taken privately by the until
ORGANIZATION.-Incorp. in S. C. Jan. 9 1913street
railways, &c., scribers to the road. The remainder will be held in the treasury
electric,
$1.000,000, to build railroads, steam or
23
es
at
r.
r
e
e
n
p
n
o
a
d
Seashore
nm
e
a
the
was
formerly
ik
s
what
n wani
io
disposed
operate steamboats. and to take over
miles from Charlotte to Gastonia.
division of the Charleston Consol, Ry., Gas & El. Co. Also does electricGreenwood, S. C., with a branch from Belton
93.5 miles Spartanburg toAbout
lighting business.
of lino, which will complete the
miles
202
miles.
with to Anderson, 10.5
ROAD,&c.-Owns 10 miles from Mt. Pleasant (connecting by ferry
C., to Greenwood, S. O. (320 miles), are contemresort on line from Durham, N.definite
have been announced, it is reported
plans
Charleston) to Sullivan's Island and Isle of Palms, a pleasure
no
while
and,
013
plated,
lines is "manifestly Inevitable." Equipment
the Atlantic Coast, incl. land at Isle of Palms, ferry, power house
that the completion of these
Sullivan's Island and sub-station at Mount Pleasant, &c. Owns and oper- as
of 23 motor-driven trolley cars, speed capacity
of Sept. 1915 consists
and express cars; 8 trailer cars; 2 observat ion
ates 19 pass. and 3 freight cars and 2 ferry boats.
baggage
8
hour;
per
miles
OFFICERS.-Pres., James Sottile: Chief Eng., W. W. Fuller; Charles- 60
cars.
parlor cars and 157 freight
N. Y.; V.-P., W. S. Lee; V.-P. &
ton.-V. 96. p. 201, 862.
OFFICERS.-Pres., J. B. Duke, A.
Cocke; Aud., T. L. Black, all of
; Sec., W.
Gen. Mgr., E. Thomason
IA.
VIRGIN
WEST
748.
,
CHARLESTON
Charlotte.-V. 99, p. 199,
RR.
RBAN
INTERU
STON
CHARLE
capital stock which
CHICAGO, ILL.
ORGANIZATION.-Incorp. in 1909 with 8100,000 for
the purchase of
0 in part
RR.-Third-rall electric and trolley
was increased on Nov. 10 1914 to $1.500.00
AURORA ELGIN & CHICAGO
St. Albans to South Charleston,
the Charleston Traction Co., a line from
25).
page
all earnings for (see Map on
taken over as of that date, and in part as a stock dividend,
-Is a consolidation in April 1906 of the Aurora Elgin
ts.
ORGANIZATION.
four years having gone into extensions and bettermen
(whose $500.000 capital & Chicago Railway, the Elgin Aurora & Southern Traction Co. and the
Lease.-Leases the Kanawha Valley Traction Co.
from Jan. 1 Cook County & Southern RR. V. 82, p. 279, 691, 1155. Chartered in
years
99
for
Ry.)
Electric
Valley
Ohio
the
by
owned
is
stock
year and in- Illinois under law applying to steam railroads. Pres. L.J. Wolf. in a letter
1910 at an annual rental beginning with $10,000 the first
s
88. P. 1618),stated that system is "In the tnaln on
dated May 20 1909 (V.
creasing to $20.000 in 1916 and thereafter,and has assumed that company'
by 50-year franchises or grants without
bonds.
private right of way or protected
1st M.
express as well as passenger business. V. 83,
in
n
expires
and
1954;
Charlesto
freight
of
city
Does
limit."
Franchise of the Traction Co. In the
the Metropolitan West Side Elevated
with
contract
rights of way.
p. 490. Has exclusive
interurban lines are operated almost entirely on private
notes (of which to
operate over its tracks. 1910 to purchase tho Chic. Wheaton & WestIn May 1915 auth. an Is$110 of $750.000 3-year 6%
1
18
on
or
May
before
Oct.
delivered
voted
Stockholders
$450.000 issued forthwith, the balance to be
of an exten- ern Rv., which runs from West Chic. to Geneva,abt. 10 miles. V.9!. n.517.
1916) to retire floating debt and provide for the construction
U. Comm.authorized the issuance of 8800,000
In Jan. 1915 the Illinois P. see
sion of about 24 11111PS to Montgomery, W. Va. V. 100, p. 1917.
below.
which
Date. Interest. Outstanding. Maturity. collateral trust notes,
STOCK AND BONDSInterest. Outst'd'g. Div.&due date.
Date.
text.
See
0
BONDS$1,500.00
AND
STOOK
Stock, 81,500.000 (3100)_____
$3,100,000 See text.
Q-J
11018
450,000 May
6 M-N
Common,$3.1.0.000 MOM_
Coll tr notes, $750.000 gold 1915
3,100.000 Aug '15. 1
Trustee.
cum
Q
Bait.,
Co.,
6%
Tr.
&
0($100)
Deposit
Safe
$3,100,00
tf
Prof
(81,000)c
3,079,000 July 1 1946
J-J
g
5
1906
1
1946
Jan
925,000
mortgage{
5 g J-J
First and refunding
Kan Val Tr 1st M.82.000,000 1906
Tr.
&
Co., Cleve., and also
Say.
Cit.
at
tf Int. at Fidelity Trust Co., Phila., Trustee.
815,000,000, gold ($1,000) Int. N. Y. Trustee, North. Tr. Co., Chic.
:
($1,000) gold,
in
tf
c*&r*
text
bonds
See
Co.
Trac.
Val.
Mar 1 1918
800,000
Q-J
Bonds.-Payment of prin. and int. of the Kanawha
g
6
1915
red.1
s$800,000
0tfi
0
ni0
ut
ro
n RR. $1,000,000 of the Coal ti
(Citizens' Savings & Trust Co., Clove., Trus.
has been assumed by the Charleston Interurba
by
A-0 15 2,750,000 Apr 15 1941
g
5
1901
bonds have been deposited as security for the coll, trust notes issued
mortgage(
first
By
0
&
E
A
Bank, Chicago. Trustee.
the Charleston Interurban.
33000,000 ($1,000), gold; Amer. Tr. & Say.
Valley Traction Co.
Notes.-Secured by deposit of $1,000,000 Kanawhaon
tf(Interest payable in Chicago and New York.
cannot be called
6 weeks' notice.
J-D
1,603,000 June 1 1916
g
5
1901
1st M. bonds. Red. on any int, date at par and int. dividends
first(
Southern
&
Aurora
the
Elgin
during
at Amer. Tr. & Say. Bank, Chicago,
Dividends.-The company has agreep to pay no
mtge, 82,000.000 (81,000)( Int.
N. Y. Mkt•
life of the notes.
sinking fund-__cett I Trustee, and First Nat. Bk.,
gold,
taxes, $121,873;
Anr11 1 1909: since 6% corn.
Stock.-Pref. stock was 5% cum. until
EARNINGS.-For year 1914, gross, 8253.179; net, aftee
In 1910)
reduced
but
00,
y
00
$55,362.
surplus,
$25,000,0
(originall
315,000,0
$15,000;
rental,
Bonds.-Of the
int. on bonds, Re., $51,511;
for prior liens
girder rail. Stand- 1st & ref'g bonds. 81,119.000 are in treas.,$4,353.000 reservedrting
acquisiROAD.-Operates 24 miles of track. 70-lb. T and
self-suppo
and
ents,
extensions
improvem
under
for
is
ry
balance
Montgome
to
24
miles
and the
ard gauge. An extension of about
s. They are not subject to call now. See V.
tions, under rigid restriction
construction.
Y deposit of 81,067,000 lst
trust notes are secured by
Collateral
1618.
p.
88,
and
Sec.
payable in N. Y. and Cleveland. V. 100,
OFFICERS.-Pres., W. A. MacCorkle; V.-P., J. E. Chilton;
and ref. mtge. 5% bonds. Int.
& Chic. By.a sininkg fund of $50,000 per ann.
Treas., F. M. Staunton.-V. 100, p. 228. 1917.
p.811. On the Aurora Elgin
V. 74, p. 726. $250,000 have been retired.
laegan on April 15 1911. See bonds
sinking fund is 817,000 per ann. first
On the Elgin Aurora & South.
CHARLOTTE, N. C.
have been purchased and are
5 years and 825,000 ann. thereafter; $397,000
fund.
SOUTHERN PUBLIC UTILITIES CO.
sinking
in
held
our
now
in
see
July 1906 (V. 82. P.
%-paid
pref.-13i
on
Controlled by or allied with the Southern Power Co., which
dividend
-First
Dividends.
up to and including
"Railway and Industrial" Section.
and the same amount quarterly since then
as a consolidation 1436),
0 and same amount paid
July 1909 dividend increased to 1 7
1909,
ORGANIZATION.-Incorp. in Juno 1913 in Maine Co.
April
7 1907. In 1908 to
Charlotte
and
ct.
dividend
Electric
&
first
Gas
-j%-O
common,
By.,
Charlotte
quer. since. On
of the Charlotte Electric
1 1911. the Charlotte Electric 1912, Incl., 3% yearly. In 1013. Jan.. %; April. 34%; July, U%:Oct..
Power Co. (these three forming prior to Jan.
%; Oct. dly. deferred
%; July,
bonds shown in the
tho
April,
issued
%;
company
which
Co.,
1914.
Jan.,
Power
In
&
%.
Light
By.,
(S. C.) Gas &
99, p. 894, 968), and none paid since.
table.-See "Electric Ry." Sec. for May 1915); Greenville
Co.; Fries Mfg. & Power (V.
in V. 99, p. 1595.
Electric Light & Power Co.; Greenville Traction
REPORT.-For year ending Juno 30 1914
C.)
(S.
Anderson
Co.;
Power
alem
Winston-S
C.;
N.
alem,
Net (after Other Interest Dividends Balance,
Gross
Co.. Winston-S
i ng
airineend30
Thornton Light Yej
(9%). Surplus.
Taxes). Income. Paid.
Earnings.
Water, Light & Power Co., Chester (S. 0.) Power Co. and
of
stock
$1,633
$250.000 common
& Power Co. (Hickory, N. C.). Owns entire
$2,094,157 $697,365 $2,027 $418,759 8279,000 101,970
pref. 1913-14
cum.
6%
is
also
$200,000
(there
279,000
Co.
Power
395,223
1,814
-Carolina
the Greenville
2,013.030 774,388
electric 1912-13
stock outstanding) which owns and operates a 3,500 h. p. hydro-

(27) Wichita Railroad & Light.-Trolley.
30 years. Street railORGANIZATION.-Chartered May 1 1900 for1910
entered into a conIn
way franchise expires 1933. lighting in 1919.
Kansas Gas SG Elec.
from
tract. extending for 20 years.for purchase of power
Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$300,000
Stock, $1,500,000 (8100).
Oct 1919
300,000
g A-0
5
1900
8300,000
First mortgage,
Me.,Trus.
_ _ _c_ tf Int. at Portland Tr. Co., PortI'd, Oct
($1.000), gold -----c..
1 1932
1,071,000
5 g A-0
New mtge.,81.500,000,gold_ t 1907
months' notice.
Bonds.-lst M. bonds are subject to call at 105 on 6
in Wichita, Kan., including
ROAD.-Owns 32 miles of trolley track and
extensions to Wonderland
double-track bridge over the Arkansas Riverp.
941, 1192.
Park and Fair Grounds; 75 cars.-V. 93.




tak,

SEPT., 1915.]

ELECTRIC RAILWAYS

ROAD.-Operates from 5th Ave. station in City of Chicago, over tracks
of Metropolitan West Side Elev. road, to 52d Ave., Chicago; thence on its
own line to Wheaton, with lines from Wheaton to Elgin, Batavia, Geneva
and Aurora; also from Elgin to Carpentersville, Dundee, St. Charles
Geneva, Yorkville and Bristol, and a line from Wheaton through West Chi
cago to Geneva. Total single track. 169 miles. Third rail. standard T.
100 lbs.; track rails,80 lbs.; interurban and city lines, 60-95-lb. T and girder
rails; 114 passenger cars; 2 express cars; 6 snow-plows and sweepers; 5 other
cars; total cars, 127.
OFFICERS.-Pres., L. J. Wolf, Cleveland; V.-P., M. J. Mandelbaum;
V.-P. and Gen. Mgr., Edwin C. Faber, Wheaton, Ill.; Sec. and Treas..
H. C. Lang, Cleveland; Asst. Sec. and Treas., A. Born; Aud., H. A. Nevins. Executive offices, Hippodrome Bldg., Cleveland, Ohio.-V. 92.
p 1563; V.93, p. 1105, 1530; V.95. p. 817, 1201; V.97, p. 727, 1580.
V. 99, p. 894, 968, 1213, 1595; V. 100, p. 555, 811, 900.

27

into a contract with the Commonwealth-Edison Co.. by which the Chicago
City Ry. agrees to buy all of its electric power from that company until
June 1918. The railway has abandoned its producing plants but retains
its distributing plants.
Neu)Ordinances and Franchises.-On Feb. 4 1907 the City Council passed
ordinances providing for a settlement of the franchise question. These
ordinances were approved at the city election on April 2 1907 and formally
accepted by the company's board of directors on April 15 1907. Suit to
set aside franchise was dismissed in April 1912. V. 94, p. 1118. An extended outline of these ordinances, one to the Chicago City Railway Co..
and covering the lines operated by that company, and the other to the Chicago Rys. Co.. and covering the lines of the former Chicago Union Traction
Co.(now the Chicago Railways Co.), was given in V.84, p. 1123. The value
of the tangible and intangible property of the Chicago City By. at date of
the ordinances was fixed at $21,000,000. The city or any company authorized by it is given the right on Feb. 1 or Aug. 1 of any year, on six
months' notice, to purchase the entire property of the two systems, or either
of them, at their value at date of ordinance, plus "the cost of rehabilitation
CHICAGO SURFACE LINES.
extensions, Including fair allowances for construction profit and
Under the title of Chicago Surface Lines the properties of the Chicago and
brokerage". But if the properties aro acquired for operation by a priRailways Co. and the Chicago City Railway Co. are now being operated vate
corporation, for its own profit, the purchase price is to be increased
as a single system under the control of a Joint board of operation in accord- 20%-barring
the case of a private company which might be willing to
ance with an agreement between the two companies and the unification turn over to the
ordinance which became effective Feb. 1 1914. While under the terms of The companies city all profits above 5% on the cost of the Investment.
are limited during their operation to an interest return
this ordinance and the agreement the ownership of the properties remains of 5%
upon the agreed value plus the cost of rehabilitation and extenentirely separate and distinct, the ,combined earnings are divided upon an
All net profits above this are to be divided on the basis of 55%
agreed basis. For the two years ending Jan. 31 1916 the Chicago Railways sions.
the city and 45% to the companies, but a deficit in any year is to be
Co. is to receive as its share 59% of the income remaining after the pay- to
out of the profits of subsequent years. After April 15 1910 the
ment of all operating expenses, including taxes and maintenance, the other made goodare
required to set aside 6% of the gross receipts for maintenance
41% of the income going to the Chicago City By. Co., including the companies
and repairs and an additional 8% of the gross receipts to cover renewals
Calumet & South Chicago Ry. and the Southern Street By., and, begin- and
depreciation.
Whatever portion of the two funds is not used remains
ning with Feb. 1 1916 and until the expiration of its franchise in 1927. the in the funds
and passes to the city or its licensee upon purchase. But if
Chicago Railways Co. will receive 60% of the so-called "residue receipts." the two funds
are not sufficient for the purposes named, the companies
and the Chicago City By. (including the Calumet & South Chicago and are
obligated to supply additional funds. The franchises granted by the
the Southern Street Ry.), 40%. The plan provides for a 5-cent fare
throughout the city on sufrace lines, also through routing of cars from one ordinances run until Feb. 1 1927.
On Jan. 29 1912 City Council passed an ordinance providing for the acdivision of the city to another. See details of the ordinance and the quisition
by Chicago City Ry. of city lines of the Chicago & Southern Trac.
agreement for unified operations under date of Dec. 1 1913 in V. 98, p. Co.
1693. An order permitting the State Attorney to file quo warranto pro- The V. 94, p. 349, 629. The latter was sold at foreclosure in Feb. 1912.
lines
outside the city were taken over by the Chic. & Interurban By.
ceedings to question the legality of unification ordinance was denied in in the interest
of the Hammond Whiting & East Chicago Ry.
March 1915. V. 100, p. 1078.
In July 1915 the P. U. Comm. authorized the issue of $1,492.000 addiProposition to Unite Surface and Elevated Lines.-See remarks under
tional
bonds
(not included in the table below).
Chicago Elevated Railways.
Strike and Wage Agreement.-See "Chicago Surface Lines."
Strike and Wage Agreement.-A strike for higher wages and other concessions which tied up the surface and elevated lines of the city for a little
STOCK AND BONDS- Date.
Interest. Outstanding, LastDiv.,&e.
over two days was called off June 16 1915, the men agreeing to submit all Stock. $19,000,000 ($100)____
Text Q-M30 $18,000,000 June'15. 2%
differences to a board of arbitration of three members, Mayor Thompson 1st mtge($1,000) g_c&r*tfj 1907
5
g F-A
31,200,000 Feb 1 1927
being chosen the third arbitrator. The board awarded increases benefiting
'First Trust & Saw. Bk., Chicago,
all employees of the surface lines, about 14,000 in number, including 9,000
Bonds.-There is no limit to the amount of bonds that mayTrustee.
be issued
trainman who received an advance of 3 cts. an hour for the first year and under the above mortgage. Under the
Chicago city ordinance, in case of
4 cts. an hour for the second year's service. The maximum wage was in- purchase by the city or its licensee, and only
in such case, the bonds may be
creased from 32 cts. to 35 cts. an hour. The changes were effective as called as a whole, for payment at par and Int.,
any int. date before maof June 1 1915 (V. 101, p. 212). The Elevated Co., after a lengthy con- turity. V.84, p. 1488. 1550. Bonds are listed on
on Chicago Stock Exchange
ference, reached an agreement with its men and granted an increase in (V.98. P. 386).
wages, the exact amount of which is not to be made public until the matter
DIVIDENDS.-In 1893, 24%; 1894-1900, 12%; in 1901,
has been submitted to the men and passed upon by them, but is estimated 1902-09,
10M%; in
9%;in 1910, 16%;in 1911. 114%;In 1912, 11%;in 1913.
unofficially at $200,000 to $250,000 per year (V. 101, p. 448).
10A %•
1914, March, 23%%; June, 23%%; Sept.,
%; Dec.,
REPORT.-Of entire system for year ending Jan. 31 1915, gross, In
%.
In 1915.
531,966,048; expenses, $19,889,275; residue receipts, $12,076,773, of March. 2%;June,2%.
ROAD. &c. (Incl. Southern St. Ry.).-Company owns 330.44 miles of
which $7,125,296 to the Chicago Railways Co. and $4,951,477 to the
single track, all now operated by electricity. System covers
Chicago City Railway Co.
the South Side
OPERATIONS.-Henry A. Blair, Pres. of the Chicago Railways Co., in of Chicago, extending from the centre of the business district south to 79th
his report for the year ending Jan. 311915, stated that the Chicago Surface Street and between the South Branch of the Chicago River and the Lake.
1,497 double-truck cars and miscell., 203; total, 1,700.
Lines carry more than 1,100,000,000 passengers a year; serve a territory
of approximately 190 square miles; own 1,000 miles of track within the city
REPORT.-For 12 months ending Jan. 31 1915. See V. 100, p. 1164.
limits and have over 2,700 double-truck passenger cars in daily use.
The combined results:of the "Chicago Surface Lines" under the
UnificaBoard of Operation.-Chairman Henry A. Blair, Leonard A. Busby. tion Ordinance, which went into
effect Feb. 1 1914, were: gross. 631,966.Charles C. Adsit, Wallace Heckman, Harrison B. Riley John M. Roach, 048; operating expenses, $19,889,275;
residue receipts, $12,076,773.
Frank 0. Wetmore.
Income Account Chicago City Railway.
Executive Committee.-Leonard A. Busby, Chairman; Henry A. Blair.
1915.
1914.
1915
1914.
Pass. receipts,
$
Corn's proper$
$
including So.1Not stet-4
tion (45%)__
602,365
811,675
CHICAGO CITY & CONNECTING RYS.-A collateral trust.
StreetRy__ fed .sepaly111,289,037 Int. on cap_z_ 2,416.914 2.305.151
Formed in 1910 under a trust agreement, to take over the stock
the Prop.of residue
Chicago City By., together with the securities of the Calumet & of
rec'ts
(41%)_ 4.951,477 Unificat'n
Inc.from op. 3,019,279 3,116,820
Chicago Ry., the Southern Street Railway. the Hammond Whiting &South
ordinance Other income_
East Joint acct. exp.,
279,548
220,799
Chicago By. and the Chicago & Western. These properties comprise
went into
ap- int. on cap.
proximately 458.45 miles of street railway in seuthern division of Chicago
inv.& So. St.
effect
Net income 3,298,827 3,337 625
and vicinity. See outline of plan in V. 90, p. 558,625. Trustee, Chicago
Ry.net earns. 3,612,889 Feb. 1 '14. Int. on bonds.. 1.529,410 1,409,549
Title & Trust Co.
Dividends (9%)1,620,000(10)1,800000
On April 19 1913 the Ill. Supreme Court affirmed the decision of the
Net earns.. 1,338,588 1,803.722
Superior Court of Cook County in the suit brought by Clarence H. Venner. City's proporBal., surp_149,417
128,076
which held valid the agreement dated Jan. 1 1910, creating the Chicago
tion (55%)-- 736,223
992,047
City and Connecting Rys. Collateral Trust (V. 96, p. 1364, 1627). An
appeal was taken to the U. S. Supreme Court, but in Nov. 1914 suit was
z The "interest on capital investment" is that certified by board of
dismissed. See "Chic. City Ry. In V. 99, p. 1527.
supervising engineers, as provided by the ordinance of Feb. 11 1907.
OFFICERS.-Chairman Ex. Corn., L. A. Busby; Pres., Leonard A.
STOCK AND BONDS- Date. Interest. Outstanding.
Maturity, Busby; V.-P.. II.
B. Fleming; Sec.and Treas.,F.D.Hoffmann; Aud.,John
Corn part certs 150.000 shares_ __
150,000 shs.
s-a
See test.
J. Duck.-V.94. p.349,629,826,978, 1118; V.95, p.
Prof part certs 250,000 shares..
1683. 1744: V.96. D•
s-a
250,000 shs. July'1531.25 62.1015. 1364, 1555. 1627; V.97.
Coll trust mtge $22,000,000l 1010 5 A-0 $22,000,000
p. 1732; V.98, p. 155. 386.905.911.1244.
Jan
1
1927
gold sinking fund c*Scr*tf fInt. at 1st Tr.&S.B.Chic., Trus., or in N.Y. 1692, 1919; V. 99, p. 1527, 1831; V. 100, p. 981 .1164, 1831; V. 101, p. 212.
Participation Certificates.-Preforred participation shares have no par
(2) Calumet & South Chicago Ry.-Electric.
value but are entitled to preferential cum. divs. aggregating
Unified Operation of Surface Lines.-See "Chicago Surface Lines" for
$4.50; also,
after corn. partic. shares shall have received $4 in any year, the
details of Unification Ordinance of 1914, under which the lines of
comremaining
surplus, not exceeding in any year $1.000.000, shall be paid ratably, %to pany are operated jointly with those of the Chicago Railways Co.this
as a sinpref. and % to corn., but in no case will the pref. certfs. be entitled to more gle system under the control of a joint board of operation.
than $7 each per annum; raise have preference upon distribution of trust
ORGANIZATION.-Is a consolidation formed in 1908 of the Calumet
fund to the amount of $100 each and accumulated dividends.
Electric Street By. and South Chicago City By. in accordance with
the
terms
Bonds.-Coupon bonds in denom. of $1,000; registered bonds of ordinance passed by the City Council Mar. 30 1908. Lines
=a• are located
multiples. A sink. fund provides for redemption, begin. March 1$1,0
In the south division of the City of Chicago. The ordinance
1916,
of
$105,000 of bonds p. a., they being redeem. for the s. f. or as a whole,
franchises until Feb. 1 1927 and provides that the city is to receive
at grantsof
105 and int. In case of purchase of property of the Chicago
net receipts after allowing for operating expenses, taxes and deBy. by 55%
City of Chicago, or termination of trust agreement of Jan. 1City
preciation and 5% on present value, together with amounts expended
for
1910,
then
bonds are redeemable at par and accrued interest. See V. 90, p.
Improvements
and extensions. Unification ordinance of 1914 establishes
558,
625. a 5-cent fare and
Bonds are listed on N. Y. Stock Exchange. V. 94,,,p. 1118.
universal transfers. City may purchase property on
Feb.
1 or Aug. 1 of any year upon six months' notice for present value,
Sto'cks and Bonds Deposited to Secure'the-Zgr.`Tr. Bonds(137775=7"
which is fixed at $5,000,000, plus amounts expended for improvements,
Stocks (par).
a Bonds (par).
additions and extensions, but only for municipal operation, where purchase
Chic. City Ry., value $200 per $100 sh.$16,971,900 None
is
made
prior to Feb. 11927. With an addition of 20% in price, city may
Calumet & South Chicago Ry
10,000,000
•
also purchase for the purpose of turning property over to other parties
Southern Street Ry
(lf
*2,400,000
Hammond Whiting & East Chic. By.... *1,000,000 «1:00i0,060 11091:18$ 511 purchased for Chicago City By. only 12% additional need be paid), but
this
additional sum need not be paid where these other parties agree to pay
Chicago & Western
*72,000
*74,000
over to the city ad of the profits above 5% on the purchase price. V.
86.
P• 1223. On Jan. 31 1915 certified value of property and additions thereto
Total
$30,443,900 $1,074,000
was 310,116,406.
* Entire issue.
In July 1915 the P. U. Comm. authorized the issue of $500.000 addia Under provisions of the trust mortgage these respective Issues of bonds
each as an entirety may be converted into capital stock of the respective tional bonds (not included in table below).
companies to an equal amount.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stoc $10,000,000 ($100)_
Dividends.-On pref. part. ctfs. 32.2.5 per
810.000,000
was paid semi-an, First mortgage rehabilitation( 1908
from June 1910 to and incl. July 1914. In Jan.share
5
g F-A
5.325,000 Feb 1 1927
1915 rate was reduced and
($1,000) gold, no s fc*Sertf lint, at First Tr.& Saw. Bk.,Chic., Trustee.
81 25 was paid; July,$1 25. On corn. part. ctfs. $1 per
sh.
was
semipaid
Bonds.
-The issue of 1st mtge. bonds is indeterminate, amount to be
ann. from June 1910 to and incl. July 1912. None paid since.
limited to amount of new work done on property. They are subject to
REPORT.-For calendar years; V. 100. P. 473.
call at any int. date before July 1 1912 at 105 and int.; thereafter
only in
Cal.
Income
Bond
Gen. Tax- Divs. on Burp. case city shall purchase property at par and int. on any int. date. No a.fd.
Yr. Divs.
Int.
Gross. Interest. Exp.
es. Part Shs. Inc.
EARNINGS.-For year end. Jan. 311915,interest on capital (represent$
ing company's proportion of 41% of Chicago Surface Lines' residue receipts
$
1914..1,964,771 87,255 2,052,026 1,100,000 45,081 16,032
875,000 15,912 pursuant to unification ordinance effective Feb. 1 1914).
1913..2,228,050 73,776 2,301,826 1,099,488 46,739 12,419
$497,523: other
1.125,000 18.180 ncome,$13,270; bond interest,$259,625; divs., $125,000;
surplus, $126,168.
Committee.-Chairman, Harrison B. Riley, S. M. Felton, James B.
-F&ROAD.-Owns and oper. 120.58 miles of track reaching South Chicago,
gan, John J. Mitchell, Samuel Instill, John A. Spoor, B. E. Sunny, E.
K. Pullman, West Pullman. Auburn Park, Burnside and Manhattan Beach.
Bolsot and L. A. Busby.
Also extends from Jackson Park to 106th St. and the Indiana State line,
OFFICERS.-Sec. & Treas., W. W. Crawford.-V. 93, P. 345:
V. 94. along Lake shore and both sides of Calumet River. 70.75.83and 85-1b.rails.
p. 349, 1118, 1683, 1744: V. 96, p. 419. 1555; 1772;
V.
98,
p.
452,
OFFICERS.-Pres.,L.A.Busby; V.-P., W.W.Crawford;
610;
V. 99. p. 1213, 1831, 1908; V. 100, p. 473.
& Treas..
F. D. Hoffmann; Aud., Jno. J. Duck.-V.91. p. 1628, 1710; Sec.
V. 92, p. 794,
880, 1026: V.93,p.345,666, 1599; V.94, p. 629. 1311; V.96, p. 1088.
(1) Chicago City Rallway.-An electric road.
1420.
1627;
V.98,
p.
1070,
1243,
1603; V. 100, p. 1831.
Unified Operation of Surfac? Line;.-Seo "Chicago Surface Lines"
for
details of unification ordinance under which the lines
of this company
(3) Southern Street Railway Co.-A trolley road.
are operated jointly with those of the Chicago Railways
Co. as a single sysUnified Operation ,of Slrface Lines.-S03 "Chicago Surface Lines" for
tem under the control of a joint Board of Operation.
ORGANIZATION.-Incorporated in Feb. 1859, and has extensive sur- details of Unification Ordinance of 1914, under which the lines of this comface road privileges in the south division of Chicago. In June 1908 entered pany are operated jointly with those of the Chicago Railways Co. as a single system under the control of a joint board of operation.




4.
0.M10,

28

ELECTRIC RAILWAYS

[VOL 101.

In Dec. 1912 purchased 6 miles of the Suburban RR.Inside the city limits
(V. 95, p. 1402) and issued $22,554 bonds to cover cost.
Franchises.—On Feb.5 1907 the City Council passed ordinances providing
for a settlement of the relations between the city and the street railway
companies. V. 84, p. 338, 390. The franchises granted by the ordinances
expire Feb. 111027 and were approved at the popular election held April 2
1907. On Oct. 10 1910 supplemental ordinance was passed expiring Feb.
1927, covering lines of Chicago Consol. Trac. properties. V. 91, p. 1025.
In the remarks concerning the Chicago City Ry.on a preceding page of this
publication will be found a brief summary of the main terms, requirements
and conditions of these ordinances. A very extended outline of the same
was printed in the "Chronicle" of May 111907, pages 1123, 1124 and 1125.
to which the reader is referred for detailed information.
The ordinance for the Chicago Rys. Co. provides that the valuation of the
properties acquired shall be deemed and considered to be $29,000,000 (the
value fixed by a board of expert engineers acting for the city) plus $1,779,875
for expenditures from the date of the valuation on June 30 1906 to Feb. 1
1907, making total valuation of _properties as recognized by ordinance
$30,779,875 as of Feb. 11907. With the expenditures already made, the
valuation of road, equipment and franchises on Jan. 31 1915 was computed
at $83,757,957.
All expenditures for reconstruction and extensions are being made under
the direct supervision of a board of supervising engineers headed by Mr.
Ilion J. Arnold, and the company is required, under conservative restrictions, to advance moneys for the construction of subways by the city.
The expenditures for reconstruction and extensions, including any contributions for subways, after Feb. 11007 are to be added to the value of the
properties recognized by the ordinance, together with 5% of such expenditures for brokerage. As compensation for its services in construction
the company will receive an additional 15% of all expenditures for reconstruction and extensions, exclusive of amounts contributed for subways.
The company agreed to lower and reconstruct the tunnels under the
Chicago River at Washington, La Salle and Van Buren streets.
Right to Purchase by City.—Under the terms of the franchise, the company
agreed to waive all rights under previous grants, and gave the city an
option to purchase all of its property for municipal operation at any time
prior to the expiration of the 20-year franchise granted the company
CHICAGO & INTERURBAN TRACTION CO.
ordinance. The price to be paid by the city to be $30,779.875.
ORGANIZATION.—Incorp. in Illinois Feb. 14 1912 to take over the by the
valuation of the properties February 1 1907. as above mentioned,
property of the Chicago & Southern Trac. Co.(sold at foreclosure) outside the
plus all expenditures after that date for reconstruction, extensions and addithe city limits, the lines within the city having been acquired by Chic. City tions
to the properties, including any amounts advanced to the city for
Ry, V. 94, p. 697.
the construction of subways in the downtown business district. In case
Interest, Outstanding. Maturity. the property shall not be purchased, as above stated, prior to 1927,the
STOOK AND BONDS— Date,
$1,000.000
Stock, $1,000,000 ($100)expiration of the franchise, the city covenants that it will not then grant
1,350.000 Jan 1 1932 a franchise to any other corporation for the operation of a competing system
5 g J-J
First mtge, gold ($100, $500,1 1912
cstf lint. at First Tr. & Say. Bk., Chic., Trustee. In the company's territory unless such other corporation shall purchase
$1,000), no s f
Bonds.—The auth. amount of 1st M. bonds is not limited. Bonds are the property of the company at said price. The city also has the option
subject to call in whole or in part, beginning with lowest number, at 102 of requiring the company to sell its property to any other licensee corporaon any interest day. There are also $290,000 bonds in treasury.
tion of the city,or of purchasing the property itself for municipal ownership
municipal operation), at any time during the
EARNINGS.—For year ending Feb. 28 1915, gross,$290,372; net,$151,- (with no requirement as tocase
of such purchase by the city or a licensee,
life of the franchise; but in
478; int. & taxes, $82,257; surplus, $69,220.
20% more than the price above mentioned;
be
shall
paid
be
to
price
the
ROAD.—Consists of 50 miles of line between 119th St. and Vincennes but the licensee shall not be required to pay the additional 207, if.it shall
Road, Chicago, to Kankakee, Ill. Standard gauge. 70-lb. T rails. .
agree to pay over to the city all profits in excess of 5% on the investment
OFFICERS.—Pros. & Mgr., 0. G. Talmadge; V.-P., C. H. Cox: In any event, (1) the purchase price must be paid in cash and the first
100,p.1167.
V.
968;
p.
95,
V.
697;
p.
94,
W.
W.
Crawford.—V.
Treas..
mortgage bonds of the company will attach to such cash as a first lien in
Sec.&
the event of such purchase; or (2) such purchase (if made within said 20
must be consummated expressly subject to the lien of the 1st mtge.
years),
CHICAGO & MILWAUKEE ELECTRIC RR.—A trolley road.
bonds, but if made at the expiration of said 20 years, the amount thereof
Receivership and Sale.—Receivers were appointed Jan. 28 1908. The must also be paid in cash.
representaof
composed
new reorganization committee (V. 94, p. 206)
Compensation to City.—Provision is made for special compensation
tives of both the Wisconsin and Illinois Div. bondholders in Jan. 1912 pro- to the City of Chicago. but this compensation is payable only out of
posed a plan of reorganization calling for the formation of a new company the surplus earnings of the company after paying or providing for all opissue
$4,500.with $6.000.000 stock, $10,000,000 1st M.5% bonds (present
erating expenses, including the charges for maintenance and depreciation
000). covering entire property, $4,500,000 1st 4% non-cum. income bonds prescribed in the ordinance and 5% upon the valuation of the company's
(a 2d mtge. on Ill. Div.) and $6,000,000 2d non-cum. Incomes (a 2d mtge. property at which it may be purchased by the city for municipal operation.
the
on the 16 miles of Wisc. Div. and 3d mge. on III. Div.). At
as above stated. Of the surplus earnings so remaining. the City of Chicago
foreclosure sales on Sept. 25 1912 the properties were bid inky Jacob New- receives
55% and the company 45%. (See V. 99. p. 1831 for dispute with
man of the reorganization committee at91,600,000 for the Wisc. Div. and city as to certain accounts).
$1.650,000 for the Illinois Div. The sale of the latter, however, was set
by Trustees.—The trust indenture securing the participation
Control
aside by Judge Landis in the U.S. Dist. Court on Jan. 2 1913, on the ground certificates provides that until Aug. 1 1912 and to the full extent thereafter
that bidding had been suppressed and that the price obtained was much which may be permitted by law until all of the consolidated mortgage bonds
below the true valuation. V. 95, p. 817; V. 96, is. 62, 135. He also critithe company shall be fully paid and discharged, the directors of the
cized the plan of reorganization, saying it would create "a great mass of of
shall be elected by Messrs. A.0. Bartlett, Chauncey Keep, Charles
securities which represent no investment whatever by anybody at any time." company
Hulburd, Albert A. Sprague and Charles G. Dawes of Chicago, and proH.
V. 96, p. 135. On June 6 1913 the U. S. Circuit Court of Appeals affirmed vision is made in the trust deed securing the 1st mtge. bondsfor the appointthe order of Judge Landis setting aside the sale of the Illinois Div. V. 96, ment of a permanent finance committee, composed of Messrs. Henry A.
p. 1700. On Feb. 27 1914 Judge Geiger in the U. S. Dist. Court ordered
Seymour Morris and B. A. Eckhart of Chicago.
the re-sale of the Wisconsin Div. and denied the petition of a stockholder Blair,
Acquisition of Chicago Consolidated Traction Properties.—On Dec. 27 1910
to intervene to become a party to the suit to prevent the reorganization Judge Grosscup confirmed the sale of the Chic. Consol. Trac. Co. and its
1914
committee from being permitted to bid at the next sale. On May 29
underlying companies on Nov. 30 1910 to Andrew Cooke and the
the U. S. Circuit Court of Appeals affirmed the decision of Judge Geiger eightby the latter of all properties within the city limits to the Chicago Railordering the re-sale of the Wisconsin Div. V. 98, p. 1692. On Aug. 17 sale
Co. (V. 91. p. 945. 1253. 1511). pursuant to an ordinance passed
ways
1914 Judge Geiger ordered the re-sale postponed for six months on account Oct. 10 1910 (Placing valuation at $4,021.982). like in tenor, amendatory
of prevailing financial conditions (V. 99, p. 894, 537). Judge Landis and
supplemental to ordinance of Feb. 11 1907 (V. 91, p. 1025. 1159)
Div.
the
which
of
Illinois
sale
the
for
will
a
he
set
date
that
has announced
reorganization plan, V. 90. p. 1613; V.91, p. 37. The lines outside the
will coincide with that which may be named by Judge Geiger for the sale of See were acquired by the County Traction Co.(now the Chicago & West
the Wisconsin Div. V.98. p. 762. Up to Sept. 1 1915 no date had been set. city
Ry.), which has no connection with the Chicago Railways Co.
Towns
the
take
to
which
by
now
on
plans
working
is
committee
The reorganization
On Nov. 1 1910 a deposit agreement was entered into by the holders of the
company out of the receivership.
securities ot the Chicago Consolidated Traction and its subsidiaries, proORGANIZATION.—Incorporated under the general railroad laws of viding tor the exchange of the said securities for Chicago Rys. Co. Purchase
Illinois and Wisconsin and has the same privilege as steam roads. This Money 4% to 5% bonds and Adjustment Income 4% bonds, both dated
company was successor by purchase on Dec.31 1902 of the Chicago de Mil- Jan. 1 1911 and maturing Feb. 1 1927. For description of bonds and terms
waukee Electric Railway Co. Does a freight business. Franchises, except or exchange. see V. 91, P. 1384. and compare V. 90, p. 1613; V. 91, p. 214.
four, are said to be perpetual: serves 25 cities and towns.
Strike and IVage Agreement.—See "Chicago Surface Lines."
In May 1913 U.S. Dist, Judge Landis made an order permitting Receiver
Favorable Decision.—In Oct. 1912 the U. S. Circuit Court of Appeals
Johnson to purchase the property of the Waukegan Fox River & Western affirmed the decision of Judge Kohlsaat. dismissing the suit brought to have
Electric RR. (consisting of 1 mile of track in Waukegan) for 956,000. the compromise franchise of 1907 annulled. V. 95. P. 1206.
V. 96, p. 1364.
Settlement of Yerkes Suit.—In April 1914 the company arranged a settleIn Dec. 1913 Judge Landis instructed Receiver Johnson to pay the 5.-a. ment of the suit brought by the Yerkes estate on the guaranty of the bonds
int. due in January 1914 on the $1,080,000 5% Railway bonds. V. 97, p. of the Chic. Consol. Trac. Co. by the Union Trac. Co. V. 98, P.1155.
1897. Interest has been paid semi-annually since.
In June 1915 the 1'. U. Comm. granted permission to issue $2,726,000
additional 1st M. bonds (not incl. in amount shown outstanding).
Old Securities.
Interest. Outstanding. Maturity.
Maturity.
Outstanding.
STOOK AND BONDS— Date,
Interest.
STOOK AND BONDS— Date.
See text. See text.
Stock,$100,000
$5,000,000
Stock. $5,000.000
F-A
1907
$52,955,000 Feb 1 1927
text),
5
(see
mortgage
First
July
1
1,080,000
1919
1st
Ry
1899
E
M31,500.000
J-J
M
g
5
&
C
at
Say. Bk., Chic., Trus.
&
Int.
Harris
tf
Trust
c&r
Cleve
($1.000) gold
g (81.000 each) may be Int. at Standard Trust Co., N.Y..and
or at Harris, Forbes & Co.. New York.
land Trust Co.. Trustees, Cleveland Trust
called any interest day at
See text. Feb 1 1927
5%
1907
tt
gold
mtge,
Consol
Chicago.
Trust
Co..
and
Co.
Royal
interest
_c
and
105
Bonds Covering City Lines of Former Chicago Consol. Traction.
4.000,000 July 1 1922
5 1 J-J
C & M RR 1st M,$5,000,- 1902
$4,073,000 Feb 1 1927
4-5 J-J
c Int. at Merchants' Loan & Tr. Co., Chicago, Purch-money M $6,000,000 g 1910
000. gold ($1,000)
($500 and $1,000)_ _ _ _c*tf Illinois Tr. & Say. Bank, Chic., Trustee.
Trustee, or Nat. Bk. of Commerce, N. Y.
2.500.000 Feb 1 1927
10.000,000 Jan 1 1925 Adjust Inc M $2,500.000 gold 1 1910 4 g May
5 g J-J
Wisconsin Division, 1st M, 1905
($100&$500)(noncum)c*tfl Central Trust Co. of III.. Chicago, Trustee.
guar, gold, $10,000,000 Int. at Western Tr.& Say. Bk., Chic., Tens.,
Is
which
sompany,
Issued in the nominal
the
of
stock
capital
Stock.—The
NewYork.
Trust
&
Co.,
Mortgage
S.
U.
or
($1,000)
of a trust agreement, dated
the subject
Receiver's certifs ($1.000)____ 1908 6 M-N 11 1,036,000 May 11 1911 amount of $100,000, has been made1908,
by and between the Chicago RailJan. 25
The receiver's certificates are a prior lien only to the $10,000,000 Wiscon- Aug. 1 1907 and executed
ways Co. and Messrs. Adolphus C. Bartlett, Chauncey Keep, Charles H.
sin Division 5s due 1925. V. 86, p. 856. 1159. 1223.
Hulburd,Albert A. Sprague and Charles G.Dawes, as depositaries, and
EARNINGS.—For calendar years (For 1914 report see V. 100, p 893):
Trust Co. of New York as custodian. Under this agreement
Central
Balance,
Interest
Net (after
Other
Total
Calendar
stock serves as a basis for the issue of the participation certificates,
the
Surplus.
Receiver.
Revenues.
Income.
Taxes).
Year—
representing in all 265,100 equal parts. Series 1 consists of 30.800 parts.
$252,769
$958,601
$62.160
$21.960
$292,969
1914
of 124,300 parts, Series 3 of 60,000 parts and Series 4 of 50,000 parts.
239,301 Series 2
62.380
282,553
19,128
937,981
1913
Series 1, 2 and 3 are entitled, in the order of priority named, to cumulative
Passengers carried in 1914, revenue. 7.146,288 and transfer, 329,074.
of $8 for each part, beginning with year ending Aug. 11008,and in
ROAD.—Operates 170 miles of track from Evanston (where connection dividends
distribution of capital to $100 for each said part. Series 4 is entitled
Is made with Chicago) through Waukegan, Kenosha and Racine to Mil- the
profits or capital distributed. V.85, p. 1269.
remaining
any
waukee, including extension to Libertyville. Practically all the road is to Dividends on participation certificates Ser.
.2are limited to $4 on each cerbuilt on private right-of-way and road is double-tracked throughout. tificate so long as more than 50% of Series 0 bonds remain outstanding,
Rails, 65 and 85-lb. V. 67. p. 900.
until
remainder of Series C bonds
certificate
the
per
$5
to
thereafter
and
OFFICERS.—Pres., A. C. Frost; V.-P., Gordon A. Ramsay; Sec., have been redeemed. Series 2. however, is entitled to unpaid accumulation
Pierre G. Beach; Treas., W.0. Kilman.—V.94, p. 67, 206, 349, 487. 559. on account of its $8 per certificate (beginning with the year ending Aug. 1
630.910, 1249, 1762: V.95. p.361,679. 817: V. 96. p.62. 135, 1156. 1364. 1908), but only when earned, and after payment of all accumulations of
1700: V. 97. p. 1897; V. 98, p. 73, 762, 1155, 1692; V. 99, p. 537, 894; sinking fund and of dividends on Series I.
Bonds.—First mtge. bonds are issued only to provide funds for rehabiliV. 100, p. 732, 893.
tation, extensions, &c. They may be redeemed at par and accrued interest
on any interest day. The bonds have a first lien on the entire property,
CHICAGO RAILWAYS CO.—An electric road.
The authorized issue is limited to
Unified Operation of Surface Lines.—See "Chicago Surface Lines" for right f and franchises of the company. from
time to time by the board of
details of Unification Ordinance of 1914, under which the lines of this the aggregate of the amounts approved
bonds reported outstanding, $500,000 are
company are operated jointly with those of the Chicago City By. as a supervising engineers. Of the
judgment
which possibly could be
any
against
security
as
trustees
by
held
a
of
joint
control
op?ratiln.
of
board
single system under the
full particulars of bonds.
ORGANIZATION.—Incorp.in Illinois in Oct. 1903 and on Jan. 25 1908 recovered in various litigations going on. See
V. 88, p. 1436, 1619; V.90, p. 302; V• 93.P•
acquired at foreclosure sale the property of the old Chicago Union Traction, property, &c., in V.86, p. 545;
on the N. Y. Stock Exchange.
comprising the lines of the North and West Chicago Street RR. The pur- 162. Bonds are listed
The consolidated mortgage bonds consist of the following: Series A.
chase was made under a modified plan of reorganization and readjustment
issued, $17,403,800, of which $1,000,000 are in the treasury and can be
dated Oct. 15 1007 and outlined in V. 85, p. 1269; see also p. 1576.

ORGANIZATION.—Incorporated in Illinois as a reorganization of the
Chicago General By.. which was bid in at forecisoure sale on Sept. 30 1907
by the Southern Street Railway Co. V. 85. p. 863.
Interest. Outstanding. Maturity.
Date.
STOCK—
82.400,000
Stock,82.400,000 ($100)_
Bonds issued under 1st mtge. of 1909 were from time to time canceled
and stock issued in exchange. No bonds now out.
EARNINGS.—Included in statement of Chicago City By.
ROAD.—Included in Chicago City By.
OFFICERS.—Pres.,L. A.Busby; V.-P.. W.W.Crawford;Sec.& Treas..
F. D. Hoffmann; Aud., Jno. J. Duck.—V.91, p. 1631. 1712.
(4) Hammond Whiting & East Chicago Railway Co.—A trolley road.
All securities are owned by the Chicago City & Connecting Rys.
ORGANIZATION.—Incorporated in Indiana in Jan. 1910 as successor
to Hammond Whiting & East Chicago Electric Ry. Franchise expires in
1954. Power is furnished by the Calumet & South Chicago By.
Interest. Outstanding. Dividends.
Date.
STOCK—
$1,000,000
Stock $1,000,000($100)5 g F-A
1,000.000 Feb 1 1930
First mtge, $5,000.000, got% 1910
c&r tf Int. at First Trust & Say. Bank,Chic.,Trust.
($1,000)
Bonds.—Subject to call at 1 5 and int. E. K. Boisot is also trustee.
ROAD.—Owns 30.23 miles of track, extending from State line between
Illinois and Indiana at 108th St., Chicago, to Whiting, East Chicago and
Ilammond in Indiana, and onerates in connection with Calumet & South
Chicago Ry. to 63d St. and Madison Ave., in Chicago. 18 double-truck
motor cars: 1 single-truck and 11 service cars; total. 30 cars. Standard
gauge; 80-1b. T rail.
OFFICERS—Pros., 0. G. Talmadge: V.-P., W. W. Crawford; Sec. &
Treas., F. D. Hoffmann; Aud., W.W. Hill; Gen. Mgrs., A. L. Drum & Co.,
76 West Monroe St., Chicago.—V. 79, p. 103.




SEPT., 1915.]

ELECTRIC RAILWAYS

Issued only for acquisition of additional property; Series B, $17,164,Stockholders of the Metmp. West Side Elev. RR., Northwestern Elev.
475, and Series C,$1,662,336. Series 0 bonds have sinking fund
of $250,- RR. and South Side Elev. RR. were given the option
of two offers for de000 per annum, if earned, which began Aug. 1 1908, but cumulativ
e until positing their stocks; one to receive full cash for their
paid. $1,196,000 Series A bonds have been retired. See particulars
holdings, and the
V.86,P. 1223; V.93, p. 1724. Of the remaining Series B. bonds,$4,000 are, other to receive part cash and part stock of the Chicago Elev. Rys. See
offers
in V. 92, p. 1498. All the stocks have been turned in, a small
in treasury. Of the remaining Series 0 bonds,$75,000 are in treasury.
$2,- remnant of Northwest. L pref. being bought in Aug. 1913. V.
337,664 Series 0 have been retired by sinking fund and cancellation. Bonds
97, p. 728.
In July 1914 the National City Bank offered the
of three series bore int. at 4% until Feb. 1 1912; thereafter.
00 gold notes
(V.98. p. 1992). the proceeds of which, together with314.000,0
5%•
Purchase Money Mtge. bonds bear int. at 4% per ann. during
the sale of $1 ,000,000
first 5 Yrs.. 10-yr. 6% debentures and $12,500,00
bonds
thereafter 5% per ann. They are red, at par and int. on any int.
0
of
the
Northwest
ern Elev.
date.
RR. were used to retire the 330,000.000 3-yr. notes which matured
Adjustment Income Mtge. bonds are red,
July 1
par and int. on any int.date. 1914, and to provide
working capital.
Interest is payable only if earned and is at
not cumulativ
Suit against Controlled Companies.-On June 16 1913 State
4% each were made on May 1 1913, 1914 and 1915. e. Payments of
Attorney
Hoyne
filed
quo warranto proceedings in
Interest on both purchase-money mortgage and adjustmen income
State Circuit Court against
the Met. West Side, South Side and Unionthe
mortgages payable at company's office or at agency of company intChicago.
elevated railroad cos., claiming
that they violated
State charter by issuing watered stock. V. 97, p.
DIV1DEND.-An initial dividend of $4 was paid Nov. 15 1908 on 1772. On Nov. 17their
1913 Judge Scanlan in the Circuit Court dismissed the
Series 1 participation certificates. On Sept. 1 1909 $8 was paid on
Series 1 proceedings because of a technical defect in failing to charge fraud in the
certificates. None to Oct. 1912, when $6 was
of the alleged "watered stock." An appeal was allowed direct to
paid. In Feb. 1913. $6; issuance
May.36; July,$6; Aug.,34. In 1914. Fob..$4; Aug.,38,
the
Supreme
being full payCourt. V.97, p. 1425. On Apr. 24 1914 the Supreme Court
ment of all arrears. Feb. 1915 div. was deferred, but $4 was
paid June 5 affirmed the decision of Judge Scanlon of the Circuit Court and dismissed
(V. 100,p. 1671). The Aug. 1915 div. of$4 was paid Sept. 11915.
In Feb. the suit against the elevated roads.
1914 initial div. of $2 per share was paid on Series 2. In 1915, June,
Strike, &c.-See remarks under "Chicago Surface Lines."
$2.
Favorable Decision.-The U. S. Supreme Court on June
ROAD.--Comprises 489.17 miles of track (including 128 miles of the
21 1915 decided
in favor of the companies in the litigation between
former Chicago Consolidated Traction Lines). Over 397
miles
the estate of Edwin P.
track
of
Brand and the elevated railroads for damages for
laid with grooved rails weighing 129 lbs. to the yard.
construction of the
"downtown loop", because of insufficient proof and
without consideration
EQUIPMENT.-Operates 1.696 double-truck "pay-as-you-enter" cars. of constitutional questions.
Equipment Trust Certificates as reported below are the joint
REPORT.-The annual report for year ending Jan. 31 1915 will be found
obligation
of the Metropolitan West Side. Northwest
in V. 100, p. 1745. No comparison of operating results
ern and South Side Elevated
be madepecause of the Unification Ordinance effective Feb. 1 1914. can
Below we show, companies, and not of the Chicago Elevated Railways.
however, the application of the amount available under the
STOCK
AND
BONDS- Date.
ordinance for
Interest. Outstanding. Maturity.
the year 1914-16, as compared with net income in the previous
year. The Common,250,000 shares_
250,000 shs.
combined results of the "Chicago Surface Lines" for the year were,
gross, Pref. 160,000 shares,6% cum
Q-M
160,000 shs. See text.
$31,966,048; operating expenses,$19,889,275; residue receipts, $12,076,77
gold
2-yr
notes
closed issue
1914
3.
5 g J-J
314.000.00
0 July 1 1916
($1,000). $14, 0,000_ _ _c Illinois
Income Account for Years ending Jan. 31.
& Say. Bank, Chic., trustee.
Debentures $7,000,000 ($100 1914 Trust
6 g J-J
7.000,000 July 1 1924
Gross
Available Int., 5% Balance -Of Which to--and 31.000)
c*tf Int. at National City Bank, New 'York.
Income. Income. on Inv. Divisible. City.5a%.
5 g F-A
Co..45%• Equip tr certfs gold Ser "A" 1914
2,050,000 See text.
do
do
Ser "B"
3
55.1.000 See text.
1914-15-__Not stated*7,180,402 4,116,762 3,0,640
guaranteed
by endorsem't_lCommercial Tr. Co. of Phila..
1,685,002 1,371,638
0
Trustee.
1913-14.. -19,674,715 7,302,911 3.928.580 3,374,331
Stock.-Coen. and pref. shares expressed at par value of
1,855.882
1,518.449
$100 each. The
* Inciticies $55,106 arising from transactions affecting accounts prior
pref.
stock
is
redeemabl
e at $100 and accrued dividends.
to
Feb. 1 1914.
Notes are redeemable on any interest date on 30 days'
notice at par and
int. Int. payable in N. Y. or Chicago.
Income Statement (Non-Partnership Account) for Years ending Jan. 31.
are secured by pledge of
the total outstanding amount of the They
1915.
1914.
stock
of
1915.
the
Northwestern
1914.
Elev. Ry.,the Metrop. West Side Elev. Ry.
the South Side Elev. RR.,
$
$
having a total par value of 336,292,500.-V.and
Chic. Rys.,45%
1,518,449 Miscellaneous
98, p. 1992. Deb. notes are
1,121 red., all or
50/ on investm't.1,378,638
any part, when drawn by lot at par and int. on any int.
4,116,762 3,928,579 Sk. fd. res. acct_ 250,000
date
Misc. interest__ 210,765 430,213 Fed.income tax_ a16,436 250,000 up to and incl. July 1 1919, after that at 10234 on 4 weeks'
notice. V. 99.
Corp. exp.& adj. 123,446 157,297 p. 195. The equipment trust as above is the joint obligation of the Metrop.,
Northwest
ern
Gross income, all
and South Side Elec. cos. and not of the Chicago
Elevated
sources
5,706,165 5,877,241
Total deduc_ _4,989,004 4,880,854 Rys. The Series "A" certificates are due in semi-annual installments from
Feb. 1 1917 to Aug. 1 1920. $102,000 each Feb. 1 and
Deduct2103,000
each
They
are
Tot. int. on bds_4,599,122 4,472,436
guar. by end. on each certif. by the Met. Wist Side Eleve.,Aug. 1.
Net
996,387 western
a Due to the fact that company covenants to pay the717,161
and the South Side Elev. V. 100, p. 53. Series "B" Northinterest on all its $110,000Elev.
mature
bonds, free from tax.
semi-annually from Feb. 1 1927 to
Feb. 1 1929.
OFFICERS.-Chairman of Board of Directors and Pres., Henry
Dividends.-On pref., initial div.-134 %-paid
Dec. 1 1911. In 1912
A. Blair; and 1913, 6%.
Vice-Presidents, Seymour Morris and J. E. Wilkie;
1914,
In
March,
%;
134
June,
Sec., F. L. Hupp;
134%. None since.
Treas., M. B. Orde.
EARNINGS.--Combined earnings for year ending
June 30 1914:
INDEX.-V. 97, p. 1357, 1425, 1503, 1897; V. 98,
Gross
Net
p. 155, 235, 303, June 30
Other
Interest,
DiviBalance,
386, 911, 1155, 1389, 1602, 1693; V. 99,
Year- Income. Earnings. Income. Taxes,&c.
118, 673, 1213, 1597, 1831:
dends. Sur. or Def.
V. 100, p. 139, 1078, 1256, 1343, 1671, 1745,
p. 1831, 2084; V. 101, p. 129, 1913-14.38,182,861 $4,333,836 $871,240 $4,027,470 $1.164,378 sur.$13,22
212, 369.
9
1912-13. 8.005.450 4,111,751 631,577 3,822,309 1,098.575
def.177,556
OFFICERS.-Pres. of constituent cos., Britton I. Budd; Sec.,
W. V.
CHICAGO 5c WEST TOWNS RAILWAY CO.
Griffin; Comp.,Edward A. Brion.
ORGANIZATION.-Incorp. in Illinois in
TRUSTEES.-Henry A. Blair, Samuel Insult and Sam'l McRoberts
.
County Traction Co.and the Suburban RR. 1913 as a consolidation of the
EXECUTIVE COMMITTEE -Samuel Insull, W.A.Fox and
Henry A.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Blair.
GOVERNING COMMITTEE.-Samuel Insull, Henry A. Blair,
Common.$1,000,000 ($100)$1,000,000
B. I.
Budd, J. H. Gulick and W. A. Fox.-V. 95, p. 47,
Pref (cum), $1,000,000 ($100? ----, 6%
110, 749, 889, 1607;
1,000,000
V. 96, p. 359, 651, 715, 1156, 1296, 1364. 1772; V. 97.
Bonds, $750,000, gold, red 1913 6 g M-S
p. 728, 1363, 1425;
556,000
1918
V. 98, p. 1536, 1692, 1919, 1992; V. 99. p. 195, 608.
at 101
c*tt Int. at Harris Tr.& S. Bk.. Chicago,
747. 1527, 1672;
EARNINGS.-For year end. Dec. 31 1914, gross, $503,651; Trustee V. 100, p. 53. 228; V. 101, p.448.
net, after
taxes, $156,436.
(1) Metropolitan West Side Elev. Ry.-An electric road.
ROAD.-Owns and operates 72 miles of track, serving the
ORGANIZATION.-Organized in Illinois Jan. 16 1899.
suburbs west
Successor on
of Chicago.
Feb. 3 1899 (per plan in V. 67, p. 126) to the Railroad
Co. sold under foreOFFICERS.-Pres., Willard M. NIcEwen; Sec.
closure on Jan. 4 1899. Franchise expires April
7 1942.
&
Treas.,
Charles N.
Ilebner; Gen. Mgr., F. L. Butler. V. 97, p. 443, 666.
STOCK AND BONDS- Date.
Interest. Outstand'g. Maturity,&c.
Common, 37.500,000
37,462.800 See text.
EVANSTON RAILWAY CO.
Prof.5% non-c,$9,000,000
8.707,500 See text.
First mortgage, 310,000,000 1898
ORGANIZATION.-Incorp. Sept. 20 1913 in Illinois to
4 g F-A
10,000.000 Aug 1 1938
take over the
(31.000).
gold
c*tf.
lines in Evanston, Ill.,formerly owned by the
Cent.
Trust
Co., N.Y..and G.Sherman,Tr.
County Traction Co.(now the
Chicago & West Towns Ity.)
Int. at Cent. Trust Co.. N. Y.and Chicago.
Ext mortgage. 35,000,000 1901
Franchise.-The company was granted a new 20-year franchise.
g J-J
a5,000,000 July 1 1938
($1,000), gold, red at 105 Northern4 'Trust
Co., Chicago, 'Trustee.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
on
any
interest
day on 4 Interest at company's office in Chicago,
Stock, $500,000 ($100) __
or
weeks notice
$500,000
c*tf
Central
Co.. New York.
First mtge bonds, gold_ _ __c*j 1913 6-g F-A
Equipment trust certificates-See under Trust
1933
Chicago Elevated Railways.
itedeem at 103 and int_ _ _ _'Int. at Merch. Loan & 270.600
a
$567,000
Tr.
Co..0hic.,
included in this amount is held
True.
Chic. Elev. Rys. coll. trust.
General mortgage bonds
The extension mortgage of 1901 covers by
the extension as a first lien,
Bonds.-Sinking fund of 3% of outstanding bonds 90,300
also 68 cars, a 3.500 h. p. engine and the new
from 1917.
down-town terminal; the
EARNINGS.-For year end. June 30 1915,
bonds
also
$150,835; net, after $10,000.00 cover the rest of the property as a second lien, subject to the
taxes, deprec'n, &c., $43,171; interest, $20,310; gross,
0 first mtge. V. 72, p. 1080; V.
surplus, $22,861.
p. 29; V. 86. p. 1160.
Has guaranteed $498,000 bonds of Union75,
ROAD.-Length of single track, 9.76 miles. 85-1b. rail.
Consolidated Elevated.
Gauge, 4 ft.
8j' in.
LATEST EARNINGS.-See joint statement under Chic. Elev.
Rye.
No separate reports now made for the subsidiary companies.
OFFICERS.-Pres., Clement C.Smith, Milwaukee
;
Vice-Pres.
. & Gen'
Mgr., Charles F. Speed, Evanston; V.-P., H.
DIVIDENDS.-First thy. on pref. stock, 234%, Feb.
Rice, Milwaukee; Sec..
28
1900
(out
(3corge Allison, Milwaukee; Treas., J. J. Lewis,L.
of earnings for year ending Feb. 28 1900); then 2% Aug.
Evanston.
31 1900;
%
Feb. 1901; Aug. 311901, 2%; Feb. 28 1902. 1%; Aug. 30
1902, 134%;
CHICAGO ELEVATED RAILWAYS.-A voluntary association
Feb.
28
1903,
134%'.in 1907. Mar. 30, 34%; June 29, g %;Sept. 30,
similar none to March
g Tc:
to Massachusetts Electric Companies.
1910, when
was
(Q.)
paid;
%
June,
g
%; Sept, %;
Proposition to Merge Surface and Elevated Lines and Construct
Dec., ,i%. In 1911, March, ,i7June
1
, g%; Sept.. 7437. In 1912.
Subways.
- March,
On Feb. 13 1913 Attorney William 0.13eale,representing the Blair
14%; June, 2%;
%; Dec., 2g %. In 1913. March.
presented to the Transportation Committee of the Chicago City interests. 134%; June, 1g%; ept., i3437: Dec.,eg
%.
In
Council
1914, March, 14 To•
a
plan for the merger rf the surface and elevated lines and the
134%. An initial div. o 3-10 of f% was paid on
corn. stock Dec. 31,
construction June,
1912. In Dec. 1913 1 2-10% was paid. Dividends
of subways substantially as outlined in the "Chronicle" of Mar.
1
not now reported
1913,
page 661. On April 28 1913 the City Council adopted resolutions
all the stock is owned by Chicago Elev. Rys.
suspend- asROAD.
ing negotiations. V. 96, p. I364•
-From terminal station at 5th Ave. westerly about
634 miles,
Following the breaking off of negotiations for general merger of surface with branches; total length of road (including Douglas
Park branch and
and elevated roads, the company expressed its willingness (when necessary extension and Garfield Park branch), 22.90 miles. Miles
of single track.
rights should be granted by the city) to through-route north and south
owned,
43.79;
under
contract,
6.53; total operated, 50.3 miles of track,
ele- exclusive of 7.19
vated trains, using the Loop for that purpose, and to establish free
miles of side tracks. Standard
transfer owned
Right of way is
stations between said trains and trains of Metropolitan
in fee. Equipment Jan. 1 1915 consistedgauge.
Oak Park com- coaches
of 225 motorcars,
panies by Oct. 1 1913. See V. 96, p. 1364, 1627. Onand
and
101
control-co
aches and 18 miscellaneous. 83 steel cars161
July 28 1913 City course
in
Council passed an ordinance providing for through routing
of construction.
and at midnight
Nov.2 1913 the plan went into effect. On Apr. 27 1914 the
On March 11 1905 the cars of the Aurora Elgin & Chicago
City Council operating
Ry. began
passed a resolution directing the local Transporta
over
this
company's
lines to the 5th Ave. terminal under a traffic
Committee to resume
negotiations looking to an operative merger oftion
the elevated and surface agreement, the Met. West Side, in turn, securing the right to the territory
traction lines and for the construction of subways
to relieve the congestion west of the 52d Ave. terminal on the Garfield Park line as far as the Des
of those lines in the loop district.
Plaines River, about 3.3 miles of double track. V.
p. 1704.
As the project for uniting under one control
OFFICERS.-Pres., B. I. Budd; Sec. & Treas.,79,
elevated railway and surW'. V. Griffin; Aud.,
face roads of Chicago was not carried out bythe
July 1 1914. the Common- T. B. MacRae; Gen. Mgr., E. C. Noe. Office, 160 West Jackson Boul.,
wealth Edison Co. purchased from the syndicate
Chicago.
-V.
91,
p. 336; V. 92, p. 398, 456, 1436; V. 93, p. 469.
which underwrote the
pref. shares approximately 200,000 shares of
(2) Northwestern Elevated RR.
El. corn. stk. for about
$6,000,000 in accordance with the terms of anChic.
agreement said to have been
ORGANIZATION.-Incorp. in Illinois. Road was formally
entered into in 1911. It is understood, however,
the plans for uniting for business on May 311900.
opened
the elevated and surface lines in Chicago are stillthat
V. 70. p. 1049. Franchises extend beyond
under
The State the maturity of the bonds.
Senate in June 1915 voted favorably on the merger bill. way.
As to valuations
In Sept. 1901 the Union Elevated RR. was acquired.
by city's and company's experts, see V. 94, p. 1507.
vated Rys. provided the cash to take up the $18,000,0The Chicago Ele00 Northwestern
As to valuations by city's and company's experts. see V. 94, p. 1507.
Elevated 1st 4s which matured Sept. 1 1911.
ORGANIZATION .-Organized in 1911 to
On Aug. 21 1911 stockholders authorized $25.000,000 1st
acquire stocks, bonds and
other securities of the Metropolitan West Side Elev. RR., Northwest
p.
527). None of these bonds sold at the time, but in July M. 5s (V. 93.
ern
Elev. RR.and the South Side Elev. RR.(321,202.312 being offered
1914 $12,500.for the 000 were sold (V. 98, p. 1920) to a syndicate of bankers and subsequen
$36,294,900 stock of these companies); also, if it so elects,
tly
disposed
of by them.
the
stocks
of
the
Union Consol. Elev. Ry.. Chicago & Oak Park Elev. By.. Chicago
STOCK AND BONDS- Date,
Park Elev. RR. and Chicago & Elmhurst Ry., which companies & Oak
Interest. Outstanding. Maturity.
are
conStock.
$5,000,000
trolled by the afore-mentioned companies. These roads
$4.946.400
operate about Pre(elk,5% n-c.$25,000,00
187.51 miles of track. The physical properties were valued
0_ -_-M-S
4.944.400
See text.
at about 1st NI 325.000.000 red as al
$90,000,000, exclusive of franchise valuations, or 384,386,29
1911
5 g M-S
12.500.000
Sept. 1 1941
4,
excluding
whole
at 102 & int ,on 30 Ill. Tr. & Say. Bk., trustee, under
the Chic.& Oak Park El. RR.;the mortgage debt preceding the
mtge.
0
days' notice ($1.000)-c*tf Central Tr. Co., N.Y.. trustee
2-year 5% secured notes and $7,000,000 10-year 6% debentures$14,000.00
und.sup. M.
aggregates r.nninment notes
$40,470,000, leaving an entsity of $43,916,294.
_ tf61,000 See text.
2fquipment trust certificates of 1914:-See under Chicago Elevated
Railways




30

ELECTRIC RAILWAYS

[VoL. 101.

reorganization were stamped
Bonds.-First mortgage bonds assenting todate.
lien, subj. only to the Union Elev. subject
The old income bonds.
call at 105 and int. on any interest
The 1st M.bonds are an absolute firstof
$528,000 Union El. 5s. The re- with theto
are held in treasury of the railway company.
$128,600,
of
exception
RR. 1st M. 5s; also secured by deposit
of
cost
only for cash
issued
Fifth Avenue and
be
may
from
bds.
ern
railway
elevated
track
Northwest
double
00
a
$12,500,0
-Owns
maining
ROAD.
1 1914 under certain
and Lake St., with spur down Market St. to Madison
betterments, extensions and add'ns acquired after July
annually Lake Street to 52d St.
loop in Oct. 1897. Chicago &
conditions. Sinking fund of 1% outstanding bonds payable
St. Trains began running around gthe
beginning Sept. 1 1919.
forms an extension comprisin 4 miles more of double track. Total
installments of $16,000 Nov. 1 each Harlemtrack,
Notes -Equipment notes payable inoriginally
22. 51 miles. 182 passenger cars.
$160,000. but$96,000 paid. single
year from 1915 to 1918. Amount wasstatement
Elev. Rys.
.-For years ending June 30 for Railroad Co.
Chicago
REPORT
under
joint
-See
GS.
EARNIN
LATEST
1911.
1912.
1913.
1914.
companies.
No separate reports now made for tlw subsidiary
$835,505 $ 812,955
$816,950
$834,385
° was paid on pref. Oct. 18 1909; in 1910, Passenger earnings
33,885
Dividends.-An initial div. of 17
39,916
45,787
44,420
April.
1%;
1%;
earnings
Jan.,
Other
1911.
in
1%;
Oct..
1%;
July,
Jan. 1%; April, 1%;
paid. None in 1913. Divs.
$846,840
none'thereafter to March 1912, when 2% was
$862,737
$875,421
$878,805
Rys.
Total earnings
639,234
633,409
611,074
not now reported, as entire stock is owned by Chic. Elec.
629,581
m.• operated under con- Operating expenses..
ROAD.-Miles of single track: Owned, 39.75
of way
Right
).
'
sidetrack
m.
$264,347
$207,606
7.17
$229,328
which
(of
m.
$249,224
56.39
tract, 16.64 m.; total,
Net earnings
3,515
3.367
4,313
3,714
is all owned in fee except at street crossings.
Milwaukee & St. Paul Other income
Under an operating agreement with the sChicago
16
May
extended
was
service
$267,862
$210,973
company'
$233,641
this
$252,938
1907,
Railway Co. made in
Total income
444,555
*506.396
399,956
Division of the former road, which Fixed
430,749
1908 to Evanston over the Evanston
charges
opened April 1912. All track
has been electrified. Extension to Wilmette
cars
steel
83
and
cars
348
$176,693
$295,423
rails.
$166,315
T
80-1b.
miles.
$177,811
oper. (incl. loop), 59.63
Deficit
is
debt,
which
not now
floating
in course of construction.
* Fixed charges in 1910-11 incl. int. on
V. Griffin; Gen. being paid.
OFFICERS.-Pres., Britton I. Budd;See. & Treas.. W.
V.93,
1436, 1701;
1435; V.93 p.407. 666, 939,
Mgr., E. C. Noe; Aud., T. B. MacRae. V.92. p. 262,
RECEIVER.-Samuel Insull.-V. 92, pl.
V. 99, p. 1131;
p. 175; V.99. p. 969, 1213.
p. 408, 527, 667, 796, 1018; V. 95, p. 818; V. 98, p. 1920;
1386, 1785; V. 94, p. 123, 206, 278, 1763; V. 97,
V. 100, p. 230, 399. 1079. 1350.
RV.
ED
ELEVAT
IDATED
CONSOL
.
UNION
Union Elevated at
(a) Union Elevated Railroad
and is owned by Northwestern
ORGANIZATION.-Formed in 1896 and built from
Is used by all th. Chicago elevated roads carried,
besides all expenses fir 5th Ave. west to Market St.; thence to Metropolitan W. S. El.; total.
Elev. RR.; receives Mc. for each passenger
Side El. Franchise
West
tan
Metropoli
the
by
operated
in
1945.
is
expires
track;
Frawhise
of
1-5 mile
operating, repairs and taxes.
Interest. Outstanding. Maturity. expires Oct. 7 1945.
Dale.
the Circuit Court held that State AttorBONDSOn July 7 1914 Judge Windes in
$4,472,000 Oct 1 1945
5 g A-0
from proceeding against the company on
000)cot 1895
letY 45,000,000,g(p.
Bank,Chicago. ney lIoyne should be prevented
See item under caption of "Chicago
lization.
Interest at Chase at. Bank,N. Y.,and Ill. Trust & Say.
as se- the ground of overcapita
also see V. 99. p. 199.
Bonds.-Of the $5,000,000 bonds issued, $528.000 are deposited
Elevated Rys." in V. 97. p. 1425, and
curity for the $12,500,000 Northwestern Elev. 58.
Interest, Outstanding. Maturity.
Date.
acked (80-lb. rails) • STOOK AND BONDS--.19360
0
00
53:0
00
40
$1,0
ROAD.-The loop is 1.62 miles in length, double-tr
to
Stock
Van Buren St., to Fifth Ave.,
Nov 1
and runs on Lake St. to Wabash Ave., to
let mtge. gold.' 1896 5 g M-N
"APark,
Series
&Pak
Chicago
the
of
Trains
N.Y.,
Co.,
Tr.
Cen.
-P.
V.
1897.
Trust
10
Lake St. Road opened Oct.
gu p &i by Met W S;El_cptf G.Sherman,
RR. and South Side
$500,000 series "A." V. 63, P. 1065.
Metropolitan West Side, Northwestern Elevatedowns
Mortgage $1,000,000, of which $453,000
.15 mile of double
are outstanding (of which $413,bonds.
operate over the loop. Northwestern Elev. also
n
the $500,000 Series "A"Coll.
Of
to
connectio
streets
State
&
Buren
Van
at
loop
$45,000 are in treasury and $2.000
Trust);
track from connection with
Rye.
Chicago
by
held
000
522.
p.
with South Side El. RR., which is leased to the latter. V. 97.
E. Porter; Sec. and
electric elevated unissued.
OFFICERS.-Pres.. Samuel Instill; V.-P., Gilbert
(3) South Side Elev. RR.-("Alley Elevated").-An
Treas.. W. V. Griffin.-V.99, p. 199.
road.
Side
&
South
to Chicago
ORGANIZATION .-Successor January 1897 July
31 1900 the Appellate
CINCINNATI, OHIO.
R.T.RR.(foreclosed per plan V.63, p. 1158).
e (V. 71, p. 236), and on Feb.
ON CO.-A trolley road.
Court sustained the validity of the foreclosur
ATI & COLUMBUS TRACTI
the State Supreme Court. V.74.
by
CINCINN
in
concurred
was
decision
& Trust Co. or Cincinnati, trustee
that
21 1902
Receivership.-The Union Say. Bank
Leases the Chicago Junction
receiver ofcompany,
p. 477. Franchise expires March 26 1938.
on April 12 1913 appointedbeing
was
,
mortgages
both
of
assigned as the
bond issues
RR., which see below.
and inability to meet maturingmortgages
floods
Maturity.
default.
ng.
in
is
Outstandi
Interest.
STOCK AND BONDS- Date.
cause. V. 96. p. 1156. Int. on both211903. Franchises expire in 1930.
$10,231,400 See text.
Q-M
Jan.
Incorp.
ATION.ORGANIZ
Stock, $10,231,400_
down on Nov. 111912, hold8,000,000 July 1 1924
43 g J-J
First mortgage. $8,000,000.1 1904
For decision of U. S. Supreme Court handed
c*tf tint. at Ill. Tr. & Say. Bank, Chic., Trustee. ing that the B. & 0. Southwestern and the Norfolk & Western (steam)
gold ($1,000)
connection with the company.
Elevated Rys.
physical
grant
to
compelled
be
Equipment trust certfs.-See under Chicago
roads cannot
interest.
Bonds.-Are subject to call at 105 andof
for four months ending see V. 95. p. 1402.
Interest. Outstanding. Maturity.
Dividends.-First dividend of 1% (out earnings
STOCK AND BONDS- Date.
30, 1%. In
Dec.
1,
1%;
Sept.
then
1899;
1
May
$979,500
paid
was
1899)
April 30
to 1907, inclusive, 4% yearly. In Common,$1.250.000 ($100)925,500
1900. 3%. In 1901, 3%%. In 1902
($1OO)
0
Dec..
$1.250.00
%%;
cum
5%
Pf
paid;
Sept.,
%% was
600,000 July 1 1913
J-J
g
5
1905
'08, Mar., %;none until June'10. whenJuly.
1
extra city. of$5.90. (V.93. First mortgage, $600.000,c*IInt. at Union Say. Bk.& Tr. Co.,Oin..Trust.
M %. In 1911. March, 70: June. %;
Dec.,
•
gold
%
1%
13%;
Sept.,
%;
2%
June,
148,000 Jan 1 1914
5%
---p. 164). In 1912, March, 14%;
1M %. In Dec. rate was in- Second mtge notes. 5250.0001tint,
at Union Say. Bk.& Tr.Co.,Cincinnati.
In 1913, Mar., 1 %; June. 1 M %; Sept..
not
Dividends
1M
June,
%;
1%
are,respectively,
1914.
bonds
In
mortgage
paid.
first
%
the
creased ad
Bonds.-The denominations of and 100 3500. They can be called at
Mar..by Chicago Elevated Railways.
$1,000;
now made public, as entire stock is owned
6 650,000; 30 $5,000; 100
out
were extended
separate
No
1
1909
July
Rys.
matured
Elev.
originally
Chicago
under
Bonds
REPORT.-See joint statement
any time at par.
720. On Jan. 1 1912 they were again exfor 23,6 years. V. 89, p. 102,
reports now made for subsidiary cos.
fell due July 1 1912 but were
notes
mtge.
Second
purchased
a
upon
Chicago
in
months.
operation
18
tended
ROAD.-Owns elevated road in
Park and to Englewood. Elec- extended for 18 months to Jan. 1 1914.
right-of-way from Congress St. to Jackson
Dec. 31 1914, gross, $121,438; net.
late in April 1898. Operates 369
EARNINGS.-For 12 mos. ending
tricity was introduced as motive powersteel
on.
of
constructi
res an entire now bridge (2 spans) of
in
course
cars
84
after including in expenditu
motor, 30 trail and 15 misc. cars. total
miles of single track main $4.27,
culverts, rehabilitation of road-bed, of car
36.50
concrete
of
a
many
has
structure
of
structure,
miles
Steel
16.24
On
of side-track, making total equipment and power station equipment.
line, incl. 6.22 m.leased. Also has 10.56 miles
i
Hillsboro,
ROAD.-Operates 54 miles of track between Cincinnat and
track 47.06 miles.
&
Treas., W. V. Griffin; put in complete operation in Feb. 1906. Standard gauge. 70-lb. T rail.
Sec.
Budd;
I.
OFFICERS.-Pres., Britton
2d V.-P.,
Lewis
d;
-P.,
V.
H.
Hoffman;
Seasongoo
H.
Insur.
Royal
.-Pres..
Office,
1001
Noe.
OFFIOERS
Aud.. T. B. MacRae; Gen. Mgr., E. 0. 90, p. 304, 367, 373. 978. 1426;
Topic; Treas., 0. J. Goldberg.-V. 94,
Harry J. Gibson; Sec., William 1156.
Bldg., Chicago.-V. 88, p. 296, 371,p.V.
p.
96.
V.
1402;
528.
164.
p.
95.
D. 278; V.
V. 92, p. 264, 320, 597, 1437; V. 93.
RR.-Steam and
(a) Chicago Junction RR.
CINCINNATI GEORGETOWN & PORTSMOUTH
Elevated electric.
Side
South
the
of
interest
in
the
ed
-Organiz
ATION.
ORGANIZ
road, but now
steam
uge
Yards.
a
narrow-ga
y
Stock
the
with
-Formerl
track
s
company'
ORGANIZATION.
RR. to build lines to connect that
been issued ($50.000), which is held in operated by both electricity and steam. Under Ohio law remains a steam
Only a nominal amount of stock has
entered into a management
time
1911
any
Sept.
In
at
.
should
company
perpetual
that
case
in
Elevated
Franchises
Side
road.
trust for the South
South Side Elevated for 50 years (with agreement with the Felicity & Bethel RR,and the Ohio River & Columbus
wish to absorb it. Is leased to the
years), rental being interest on bonds. RR.(a steam road). V. 93. p. 796. On Jan. 1 1914, however, manageright to purchase at cost within 20
River & Columbus was again divorced from the
limit.
without
are
ment changed and the Ohio
taxes,&c. Franchises
contract to supply electric current for municipal
Date. Interest. Outstanding. Maturity. other two roads. Has
0.
STOCK AND BONDSSee text.
distributing system of Batavia.1914
the Ohio Supreme Court sustained the
Stock
Fare Decision.-On Feb. 17
$2,327,000 Mch. 1 1945
1905 4 g M-S
1st mtge, $2.327,000, goldi
company and the Interurban By. dr Terminal Co. to charge
Trustee.
this
Chicago,
of
Bank,
Say.
right
&
Trust
_cs[FIrst
_
_
1_
&
p
41.000), guar
to California (Ohio) and Coney Island (Ohio),
i
Cincinnat
from
cents
10
int. In event or consolidation with
part of Cincinnati. V.98. p. 610.
Bonds.-Are subject to call at 105 and
is to be retired. V.80, p.871. Bonds both now forming
Interest. Outstanding. Maturity.
South Side Elev., this issue of bonds
STOCK AND BONDS- Date,
Un.Stk. Yds. Co.See V.82.D.568.
$1,500,000
are guar.. p.& 1.. by Chic. June. Rye.&
0
junction with South Side Stock. $1.500.00
1,000.000 Jan 1 1932
5 g J-J
gold 1902
0,
$1,000,00
ROAD.-Consists of an elevated road (from
mtge.
let
around the same, 3.75
loop
a
and
Yards,
Say,
in..Tr.,&inN.Y
Stock
the
c*
Union
to
Int.at
Bk.&Tr.,C
Street)
40th
at
"L"
($1.000)
100,000 Oct 1 1935
5 g A-0
1905
mllos. Was completed in May 1908.
& Beth 1st M $100,000, g Int.
Fel
at Union Say. Bk.& Tr.,(lin., Trustee.
Treas.,
Poronto;
c*
E.
H.
Sec..
callable_
&
-P.
V.
A.
Spoor;
not
John
.-Pres..
($1,000),
OFFICERS
And.,0.0.Chace.rly to RussellR. B. Thomson; Asst. Treas. & Sec., J. W.Austin;
ROAD.-Operates 49 miles from Cincinnati southeaste
m. to Coney Island.
V. 87. p. 346.
ville, including branches of 3.5 m. to Batavia and 1.5
named in its
points
the
of
track
m.
between
8.5
has
The Felicity & Bethel
ED RR.
title.
CHICAGO 5: OAK PARK ELEVAT
-- ThomV.-Pres..
Haigh;
Samuel
A.
Henry
Treas.,
appointed
&
Kohlsaat
Judge
.,
1911
S.-Pres
13
Nov.
OFFICER
Receivership.-On
p. 1386. On Dec. 29 1911 re- son; Sec., A. L. C. Henry; Gen, Mgr., A. H. Elfner.-V. 93, p. 229, 796;
Insult receiver for the Railroad. V. 93,
certificates for improve- V. 98, P. 610.
ceiver was authorized to issue $2,000,000 receiver's
of
Rahway.
Dobbins
V.
Francis
1912
Jan.
In
ments. V. 93, p. 1785.
C
94, p. 123.
CINCINNATI LAURENCEBURG & AURORA ELECTRI STREET
N. J., was appointed receiver for the Railway Co. V.
S. District Court at Chicago, on R11.-A trolley road.
at Cincinnati appointed
Foreclosure.-Judge Kohlsaat in thee U.
Warner
Judge
amount
1913
23
The
June
railroad.
-On
ip.
of
the
sale
Receiversh
n of Pres. J. O. Hooyen,who.
July 17 1913, ordered the foreclosur
road had not been sold. P. B. Shutts of Florida receiver on applicatio
On Dec. 28 1914 E. E. IIooven
found to be due is $5,080,984. Up to Sept. 15 1915
stated, loaned the company $125,000.n of
1912 Geo. H. Church bid in for $256,000 it is appointed
F. B. Shutts. The company
resignatio
the
upon
receiver
Sale of Securities.-On June 20owned
by the Chic. & Oak Park Elev. By.; was
the following securities formerly
damage from the 1913 flood. V. 96, P. 1839.
inc. bonds; demand notes of Chic. & sufferea
rated in Nov. 1898. Franchises expire in
-Incorpo
ATION.
$859,000 Lake St. Elev. RR. 5%
ORGANIZ
1910,
from April 23 1904 to June 15
Oak Park Elev. RR. variously dated
and 1925.
Lake St. Elev. RR. inc. bonds scrip. At 1924
was incorp. on Sept. 3 1915 in the
aggregating $1.989,528; 65,850Jan.
The West End Rapid Transit Co.
26 1912, Mr. Church bid In for $2,000
company to give it an entrance into Cincinnati by building
Sheriff's sale in New York on
notes, also some $473,000 interest of the
and
bond
foregoing
the
on of Third and Vine streets
In
the
to
Co.
intersecti
Ferry
By.
the
s
of
title
Anderson'
all
in certificates for 91.651 17-40- a line fr om
additional notes of the Railroad Co., andV.
in the city.
94, p. 1763.
shares of Chic. & Oak l'ark Elev. RR.
Outstanding. Maturity.
Date.'
Interest.
In New Jersey on April 22
STOCK AND BONDSThe Chic. & Oak Park Elev. Ry. was incorp.
$750.000
& Oak Park Elevated Railroad Common,$750,000
1904 to hold the securities of the Chicago
58,900
9-J
in
______
plan
per
d
$250,000
reorganize
cum,
RR.,
Pref,6%
Elevated
Co., formerly the old Lake Street
750,000 July 1 1919
5g
51% of stock. First mortgage,$750,000--1 1899
ern
owns
Elevated
Northwest
1392.
p.
78,
V.
1874;
p.
77,
V.
Interest at Tn. Say. Bk.& Tr. Co. Cin.. Tr.
gold
31.000).
Franchise expires in 1930.
STOCK.-Pref. stock was issued for money assessed on capital stock.
1914 application was made
Receiver's Certificates Applied For.-In Oct.
been paid.
to issue receiver's certificates to No interest has-For
year ending June 30 1914, gross. $109,981; net.
to the U. S. District Court for authorityV.
EARNINGS.
d
is
understoo
99, p. 1213). It
provide for track elevation in Oak Park
$38,482; fixed charges. $43,769; def.. $5,287.
$2,and
0
$1,500,00
be
between
will
at. Cintracks
the
elevating
of
that the cost
ROAD.-Operates 37.89 miles of track from Anderson's Ferry,
000,000. V. 99, p. 969.
cinnati. to Aurora. Harrison end Lawrenceburg.J. C. Moven. Hamilton.
Maturity.
ng.
Pros.,
li.
Outstandi
H.
Hooven;
er,
Interest.
.-Receiv
Date.
°FED:MRS
STOOK AND BONDS$10,000,000
O.; Aud., E. M. Oturipf.-V. 78, p. 2011, 2383; V.96, p.1839.
Stock
4,432.000 July 1 1928
Lake St El 1st M,$5,000,000. 1893 5 J-J
and
Chicago,
Bank.
Say.
&
Trust
tf
American
CINCINNATI MILFORD & LOVELAND TRACTION CO.
guar by N W El
Central Trust of Illinois, Chic.. Trustees.
of Now York capitalists
Change in Control.-In Dec. 1914 a syndicate
128,600
that the new
6%
--0$1,000,00
Income mtge,
purchased control of the road. (V. 100, p. 63.) It is reported
189.000
boon disclosed) contemplate an extension
not
has
Equipment notes
identity
(whose
interests
6,862
.
Real estate mtges_
to
Columbus
of the line
623.000
Receiver's certfs, $2,000.000_




SEPT., 1915.]

ELECTRIC RAILWAYS

ORGANIZATION.—Incorporated in Ohio in Sept. 1902 and purchased
franchises and rights of the Cincinnat Milford & Eastern
Traction Co.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity•
Common,$1,000,000 ($100)$1,000.00
0
Prof.$650,000,5% cum
649,425 No div. yet.
First mortgage, $500,000, gf 1905
5 g J-J
441.000 July 1 1925
($500)
c*lInt. at Prov. Say.
& Tr.Co., Cin.,Trust.
Bonds.—Are subject to call at any time at 110.Bk.
See V.
P. 264.
ROAD.—Operates 37 miles of track from Cincinnati81.
to Blanchester.
Gauga, 5 ft. 2 in.; 70-lb. rails. Enters Cincinnati over the
tracks of the
Cincinnati Traction Co.
OFFICERS.—Pres. & Gen. Mgr., Chas. C. Harris; Aud. & Pur. Agt.,
A. C. Wenzel.—V. 81, p. 264; V. 100, p. 53.
INTER.UR BAN R Y. & TERMINAL CO.—A tr)Iley road.
Receivership.—On Oct. 1 1914. on applicatio of the Westinghouse Elec.
& Mfg. Co. a creditor for $2,500, Charles S.nThrasher of Cleveland
and
Charles M.
'
Leslie of Cincinnati were appointed receivers. The Westinghouse Co. charged that the company had defaulted in the payment
of interest on its bonds and is insolvent. The company joined in the application. See V. 99, p. 969, and 1052.
Receivers Appeal Rate Decision.—In Jan. 1915 the receivers appealed to
the Ohio Supreme Court from the decision of the Circuit Court of
Hamilton
County holding that the company is obliged to carry passengers for
5-cent
fare between Pleasant Ridge and the business section a the city. aV.
100.
p. 140.
ORGANIZATION.—Incorporated in Ohio on Nov. 3 1902 and is a consolidation of the Cincinnati &Eastern Electric By., the Rapid Railway
Co.
and the Suburban Traction Co. In July 1907 obtained authority
issue
51,000.000 pref. stock, of which $900,000 was in exchange for antoequal
amount of 1st mtge. bonds dated 1903. V. 85, p. 221, 469. The 1903
bond issue has been entirely canceled. In 1908 a new mtge, made,as below.
STOOK AND BONDS— Date.
Interest. Outstanding. Maturity
Common,$2,500,000 ($100)$2,500,000
Pref 51,000.000 (8100) 5%
•
1,000,000
First mortgage, $1,650,000.1 1908
5 J-J
See text:
1928
gold
tflint. at Citizens' Say. & Tr. Co., Clev., Trus.
Bonds.-0[the 31.650.000 1st mtge. bonds,a small
portion
has
been
sold:
remainder
the
is being used as collateral for loads.
Earnings.—The receivers reported for the 9 months ending June 30
1915,
gross, $180,874; net, $12,205; taxes, $9,791; net, after taxes, $2,414.
ROAD.—Extends from Cincinnati to New Richmond, 22 miles; from
Cincinnati to Bethel, 23 miles (including 9 miles jointly operated
with New
Richmond line),and from Cincinnati to Lebanon,33 miles.
Owned trackage, incl. second, main, sidings, &c., 77 miles. Operated trackage,
incl.
traffic arrangement in Cincinnati, 89 miles. Gauge, 5 ft. 234 in. Cars
enter Cincinnati over the tracks of the Cincinnati Traction Co. 70-1b.
and 97-lb. T rail.
OFFICERS.—Pres. Geo. H. Worthington; V.-P., Warren Bicknell; Sec.
and Treas., E. J. Williams.—V. 85, p• 221, 469; V. 86, p. 285; V. 95,
p.
1331; V. 99, p. 969, 1052; V. 100. p. 140.

3

ROAD.—The Cincin. St. Ry. comprises 226.05 miles of track in the city
of Cincinnati. Ohio. extending also to adjoining suburbs. The last
line was converted to electricity in June 1902. Gauge, 5 ft. 234 in. cable
OFFICERS.—Chairman Executive Comm. and Pres., W. Kesiey
Schoepf: Vice-Pres., Dana Stevens; Vice-Pres., Walter
A. Draper; Sec.,
D. J. Downing; Treas.. \V. H. MacAlister; And., II.
L. Sanders;
Gen. Mgr., T. Fitzgerald.—V. 91, p. 154, 1327; V. 93, p. 526; V. 94.
p.
206: V. 05. p. 817, 889; V. 96. p. 1156, 1364, 1488; V. 98, P. 689,
999; V.
100, p. 732, 1831.
(a) Cincinnati Street Rallway.—Electric.
Was leased on Feb. 21 1901 to the Cincinnati Traction Co. for the
unexpired term of the franchise granted by the City
Cincinnati on Aug. 13
1896, and all successive renewals and extensions ofof
same. The rental is
intended to provide dividends of 53(% for the firstthe
year, 534% for the second. 53j for the third and 6% for the fourth year and
. V. 72.
p. 136. Franchises, it is claimed by company. mature thereafter
April 22 1946.
Favorable Tax Decision.—In June 1915 the U. S. Circuit
Court of Appeals
at Cincinnati, reversing the lower court, held that the Governme
nt was
obliged to return to the Cincinnati Street By. Dayton & Western
Trac, Co.,
Columbus Newark & Zanesville Elec. By., Ft. 'Wayne Van Wert
& Lima
Trac. Co. and Indiana Columbus
Eastern
&
Trac. Co. about $100.000
collected from these companies under the old Federal
The question at issue was whether these companies corporation tax law.
carried on business
within the meaning of the law, having leased their properties
porations, and the only business done by them being to collectto other corand pay out
the rentals under the leases. The Court held that they transacte
d business
only incidentally to that of the lessor
companies. V. 101, p. 212.
ORGANIZATION.—Incorpo
June 21 1880 and in 1896 Purchased
Mt. Adams & Eden Park and rated
Mt. Auburn roads.
STOCK AND BONDS—
Par.
Interest. Outstanding. Last div..&c.
Stock, 320.000,000
350
6 Q-J
518,511,950 See text.
Dividends.—To and including
April
5% per-annum; July 1 and
Oct. 1 1901 and Jan. 1 and April 11902,1901,
1.3125% each; July 11902, Oct. 1
1902, Jan. 1 1903 and April 1 1903. 1.375%
July 1 and Oct. 1 1903
and Jan. 1 and April 1 1904. each 1.4375%; each;
July 1904, 13i %; Oct. 1904.
134%. Dividends since have been at the rate
of
6%
per annum and will
so continue to the end of lease and its renewals.
OFFICERS.—Pres., B. L. Kilgour; V.-P., Edward
Goepper; Sec. &.
Treas.. A.J. Becht.—V.83, p. 1523; V.84, p. 1551;
V.91. P. 1446; V.97.
P. 364.
(2) Cincinnati & Hamilton Traction.—A trolley road.
ORGANIZATION.—This company was organized in
Aug. 1 902 as a
consolidation of the Mill Creek Valley Street
& Cincinnati Traction. V.75, p. 497. On By,and the Hamilton Glendale
30 1902 was leased to the
Cincinnati Interurban Co. (V. 75, p. 906),Sept.
but on July 6 1905 lease was
assigned to the Ohio Traction Co. and the Cincinnat
i Interurban Co. placed
in liquidation. Rental, year beginning
$60,500; 1904-05. 566,000; 1905-06, Oct. 1 1902-03, $55,000; 1903-04,
$71,500; 1906-07 and 1907-08.
$77,000; 1908-09 and 1909-10, 882,500;
1910-11, 888,000: 1911-12.
$93,500; 1912-13 to 1914-15, $99.000;
thereafter, $100.000.
On Apr. 27 1914 the company filed suit in
the U.S. Dist. Court to have
declared illegal the ordinance passedaby
the City Council and signed by
Mayor Spiegel on the same day, which provided
for a 5-cent instead of a
10-cent fare from Cincinnati to Carthage and
Hartwell. See V.98. p. 1392.
On July 9 1914 Judge Sater in the U. S. District
Court at Columbus held
the ordinance invalid and granted an injunction against
its enforcement.
V. 99, p. 196.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last Div.
Stock. corn,$1,100,000 ($100)
Q-J
$1,100,000 Oct. '15,1%
Stock, preferred, $1,100,001
Q-J
1,100,000 Oct. '15.15i
410), 5%,cumulative__ _
Dividends.-5% per annum is being paid on the pref.
stock. The first
div. on the co.
corn. of 34% was paid Jan. 1 1904 and % was
again paid on
April 1, July 1 and Oct. 1 1904. In 1905,1%; in 190o,
134
%; in 1907,2%:
in 1908. 2%; in 1909, 2%%; in 1910, 234 %;
in 1911 and 1912. 3%; in
1913, 1914 and 1915, 4%.
ROAD.—Owns and operates 31.32 miles of track from
the "Zoo" in Cincinnati to Hamilton and 15 miles from Cincinnat
i to Lockland. Gauge,
6 ft. 234 in. Operates over tracks of Cincinnat
i Traction Co.from "Zoo"
to Fountain Square in Cincinnati.
OFFICERS.—Pres., H. H. Hoffman; V.-P., B. L.
Kilgour; Sec. &
Treas.. A.J. Becht,all of Cincinnati.—V.75.
p. 290.497,906; V.98,P.1392:
V. 99, p. 196.

OHIO TRACTION CO.
ORGANIZATION.—Incorporated in Ohio on
22 1905 and owns
practically the entire capital stock of the CincinnatMay
i Trac. Co., the Cincinnati Zoological Co. and Cincinnati Car Co., besides a large
interest in the
corn. and pref. stock of the Cincinnati Dayton & Toledo
Trac.
On July 8
1905 lease of the Cin. & Hamilton Trac. Co. was assigned toCo.
company
by the Cin. Interurban Co. and the latter company placed inthis
liquidation.
This company also acquired the property of the Traction
Building Co..
which went into liquidation.
Favorable Tax Decision.—On May 18 1915 the Ohio Supreme Court,
reversing the decision of the Franklin County Circuit Court,
held that the
company is not liable for an excise tax on earnings derived
from securities
of subsidiary cos., said tax applying only to earnings of railways
from actual
operations. The company is, however, held liable for a tax on
earnings
from other sources than mere investments, such as rentals
from buildings.
V. 100, p. 1742.
In Jan. 1915 the Ohio P. U. Comm. auth. the issuance of $1,500,00
0 6%
notes maturing in from 2 to 5 years, to pay for exts., impts.
and add'ns.
V. 100,p. 1259.
STOCK—
Date.
Interest. Outstanding. Last Die.
Common,$10,000,000 ($100)Q-J
$8.655,000 See text.
Prof. $10,000,000,5% cum__ _
Q-F
8.500,000 Aug. '15, 13(
First mtge, $2,500,000. gold.( 1911
5
g
2.500,000
1936
sinking fund ($1,000)
lint. at Fidelity Trust Co., Phila., Trustee.
CLEVELAND, OHIO.
Notes $1,500,000 ($1,000)____ 1915 6 M-S
1,500,000
See text
CLEVELAND RAILWAY CO.
Stock.—Further issues of stock can only be made
for acquirement of
Company Resumes Possession.—The receivers of the
other properties and additions to the present properties
Municipal Traction
.
Co. having been discharge and the debts of that
Bonds.—First mtge. covers holdings of stock of the Cincinnat
company provided for.
i Traction the Cleveland Railway Co.d on
Co. and Cincinnati Car Co. owned and controlled
Mar. 1 1910 resumed possession of its lines
by
Ohio
Trac.
and
all
under
ordinance (see below) Dec. 1909. V.90, p.626.
other property and franchises exception Traction cos. ownership
The lease to the
of stock in Municipal Traction Co. wasof
O.D.& '1'. Trac. Co. and Cincinnati Zoological Co. Bonds
canceled of record.
are redeemable
New Franchise Ordinance.—The "security
as a whole on and after Mar. 11916. or in part for
"
franchise
ordinance
sinking
granted
fund
on
Mar.
1 April 27 1908 not being ratified (V.87. p. 1089) and
1912 or any int, date thereafter at 103 and int.
the Schmidt ordinance
fund provides for being defeated at a referendu
retirement of bonds at maturity. V. 92. p. 726. Sinking
m election Aug. 3 1909 (V. 89, p. 348),
Amount
in
sinking
fund
franchise
ordinance
(V. 89, p. 1667) was passed in Dec. 1909 by thea new
July 31 1915, $242.800. The notes mature Sept. 1 yearly
as follows: Council, and accepted by the
1916, $200,000; 1917 and 1918, $300,000;
railway co.. based upon the valuation ofCity
and 1920, $350,000; the co.'s property as fixed by
proportion of maturities and accrued int. to1919
Tayler. The ordinance grants franchisesthe
be provided before diva. are operate on existing roadsJudge
to
to May 1 1934, subject to the right of
paid. Int. payable at Penn. Co. for Ins. on Lives & Granting
the city to
Annuities, purchase the property. In case the
trustee. V. 160. p. 1259.
shall purchase and take over the
property of the company, as is in thiscity
Dividends.—First div. on pref. stock-1;i%—was
provided, then it shall pay
Aug. 1 1905; for the same the capital value of saidordinance
1 % has been paid quay.since to and incl. Aug. 1915. paid
property, as fixed by Sec. 16. plus
On cons., first div. 10% of so much of the capital
—1%—paid Nov. 1 1909. In 1910, Oct., 1%. In 1911,
value as is represented by capital stock,
July, 1%; Oct., the city at the time of such purchase
1%. In 1912, Jan. 1%; April, 1%; July,1%; Oct..
1%; Dec.. 1%. In in addition thereto, all the obligationassuming and agreeing to pay,
1913.April. 1%. gone since.
indebtedness and liabilities
of said company, and all liens other thans,bonded
indebtedness upon its
OFFICERS.—Pres., W, Kesley Schoepf; 1st V.-P., Chas.
P. Taft; 2nd property then existing, which bonded indebtedness the city shall,
V.-P., Dana Stevens; 3rd V.-P and Sec.. Walter A. Draper;
at the
time
of
any such purchase, provide for by assumption if the law
D.J. Downing; Treas.. W.11. Mite AlLster; And.. H.L.Sanders; Asst. Sec., such purchase
authorizing
permits,
Gen.
or
Mgr.,
by
payment
if
the
law
so
authorizes at the time
T.Fitzgerald.—V.92.P• 462,726: V.94. p. 1696; V.95. p.818.
and
under
the
provisions
of the bonds
1473; V.96.
are callable, or by taking the
P. 948, 1157. 1365; V. 97, p. 50, 1505; V. 100, p.399, 1259, 1752.
property subject thereto if that be the they
mode 'Provided by law for dealing
with such existing bonded indebtedness in
(1) The Cincinnati Traction Co.
making such purchase. On and
after
Jan.
1
1918
the
city may designate a purchaser or licensee in place
ORGANIZATION.—Incorporated in Ohio on Feb.
of
19 1901 with an auth • the city on payment ofsame
capital stock of $2,000,000 (which, all except
amount. On Feb. 17 1910 at a referendu
shares, is owned by the tion the electors
the ordinance (V. 89, P. 1667; V. 90, p. 167,m elecOhio Trac. Co.), to take over under lease the 11
Cincinnati Street By. Co. On July 10 1911ratified
502).
City Council passed an ordinance amending that of
See V. 72. p.391.
Dec.
1909 providing,among other things,for
Decision.—On May 18 1915 the Ohio Supreme Court, affirming
addltion.s to capital as required and
the deci- particularly for the immediate
sion of Judge Hoffheimer in Superior Court on Dec. 27
expenditure of $2,500,000 for impts., extent,.
1911,
held
and
that'
equipt.
The
ordinance also provided that the right of the city
company is accountable to city for 6% of gross earnings from
to proall traffic pose exten., betterm'ts or impts.
.within city limits, including the part of it retained by interurba
terminate whenever the unexpired
n roads. term or any renewal thereof is less shall
V. 100, p. 1831.
than 15 years, and also that during
such
Period
the
company
may operate at the maximum rate of fare
A jury in the Common Pleas Court on June 15 1915 returned
and fix the
a verdict schedules subject to the police power
for $61,220 in favor of tho city in a suit to compel
of the city. Provision is also made
the company to pay the use of surplus earnings
during
$63,235 as its share of the cost of the Ludlow Avenue
this 15-yr. period, either in the paymentfor
of
floating debt or the creation of a
On July 20 1915 the Ohio Supreme Court, reversing theviaduct.
s. f. to purchase securities and reduce
Hamlin County capital value. Ata referendu
Court of Appeals (which had previously reversed the decision
m
election
on Nov.7 1911,the electors ratified
Court), held constitutional the law requiring the consent of the Superior the ordinance amending that of Dec. 1909.
of a majority of
Valuation.—Judge Tayler placed the value of the
abutting property owners to be given before a car line
physica property of the
can be extended or Cleveland Elec. By. Co.
tracks laid upon a street. V. 101, p. 369.
at $17.511,856 and the franchise value
at $3,615,844;
total, $21,127,700; agreed value of
property purchased from Forest
NOTES—
Date.
Interest. Outstanding. Maturity. City By. CO.,51,805,600; total valuation
, $22.933,300. To this is added
Eq notes"A 3200,000g($1,000 1908 6 g A-0
$1.158.30
interest
0
or
$60,000
rental
See
accrued,
text.
making the entire "capital value"
Equip notes Ser "II"$360,000 1910
5 g J-J
$24.091,600. The bonded debt of $8.128.00
180,000 See text.
0
gold ($1,000)
floating indebtedness
c* Int. at Fidelity Trust Co..
Phila., Trustee. as of Jan. 1 1908, $1.288,000, or $9,416,000 inand
Equip notes, Series "C," 1911
5 g J-J
$14.675,600. The valuation is to be increased forall, is deducted, leaving
132,000
See
text.
the purpose of fixing the
$220,000, gold ($1,000)_c* Fidelity Trust Co.. Philadelp
price
at
which
the
city or its
hia, Trustee.
may purchase the property by the
Equip notes, Series "D," 1912
5 g A-0
amount offuture requirements,nominee
255.000 See text.
including cost of new pay-as-you-enter cars
$340,000, gold ($1.000)_c* Fidelity Trust Co., Philadelp
hia, Trustee. and 75% of the cost of remodeling old cars as pay-as-you-ente
Equip notes Series"E"$200.- 1914
r cars.
Fares.—A
5 g M-S
n
experimental fare
170,000
3c., with lc. extra for transfers without
000 gold ($1.000)
c* Fidelity Tr. Co., Phila.. trustee. See text
rebate, had to be tried to see if itof
would yield the auth. int. on capital val.Ser."A"are 1st M.on 50 new cars. They mature
5%
on
bonds,
6%
on
$10,000
floating
every
six
debt
mos.
and capital stock. On June 1 1911 authorfrom Oct.1 1908 to April 11918, incl. Set. "B" are a 1st
M. on 100 new ities ordered the fare reduced to 3c. cash fare, lc. extra for
cars and mature $18,000 every 6 mos.from Jan. 1 1911 to
but the
1920,incl. V.91. latter to be rebated when taken up. V. 92, p. 1498; V.93,transfer,
p. 1190.
. 154. Series "C" notes are 1st mtge. on 50 new cars. They
the
ordinance
,
fare
to
East
mature suburbs
Cleveland is same as city fare. Fare forUnder
11,000 half-yearly from Jan. 1 1912 to July 11921.
other
5c.
or
11 tickets for 50c., according to contracts. The
V. 93, p. 526. Series
D"are a 1st M.on 76 new cars and mature $17,000 half
company's
-yearly from Apr. 1 schedules and routes are subject to the supervision of the
1913 to Oct. 1 1922,incl. V.95, p.889. Series
city and the
rates
of
fare
to
"E"
be
fixed
covers
so
60
as
new doubleto net a return of interest as stated above
truck cars and mature $10,000 semi-annually from
Aug.31 1914 to Feb.29 on the capital value of the property and permit of the maintenan
1924. V. 98. p. 689. 999.
ce at all
times of a so-called interest fund of at least
3500.000. V. 89. p. 1667.
When this amount falls to $300,000
REPORT.—For year ending Dec. 31:
this
shall
be
prima
facie
evidence
of
the
necessity of raising the fare to the next higher
Year—
Gross.
Net.
Taxes. Rentals, crk.c. Surplus. 1912 the
rate. On Dec. 14
Council of Cleveland passed an ordinance giving
1914
55.280,674 $2,441,898 5695,259 51,141,83
the company
7 $604,802 the right to transport
1913
5,183,360
freight within the city limits in interurba
2,294,790
657,371
1,142,350
n cars
495,069 and to charge the interurba
n companies 25e. per car mile.

F




32

ELECTRIC RAILWAYS

1cOn Sept. 1 1914 the one-cent charge for transfers with no rebate on
$300,000 mark,
render was restored, as the Interest fund was below the
which is the minimum amount to maintain the flat 3-cent fare without
charge for transfers. V. 99. p. 608, 342.
ORGANIZATION.-In 1908 changed name from the Cleveland Electric Railway Co. (which had in 1903 taken over the Cleveland City Ry.)
of $35,to Cleveland Railway Co.,and authorized new stock to the amount
a valuation
000,000. The old stock of Cleveland Electric Ry. was given
of $55 per share, or $12.870,000 (the stock having formerly been $23,400,conference, and
000). which valuation was agreed upon after extended
which was paid in new stock issued by Cleveland Railway at a par ($100)
Fare
valuation. The Forest City Ry. (which had first absorbed the Lowof
Ry.) was purchased for $1,805.600 stock of Cleveland Ry., the shares the
Forest City Ry. being accepted at their par ($100) value.
Early in 1912 made a contract with the Cleveland Electric Illuminating
Co. for the purchaseof power.
In Feb. 1912 entered into an agreement with the North Randall Ry. to
Broadoperate cars over an electric railroad built by that company from the
way line on Miles Ave. to the North Randall race-track and fair grounds,
July 29 1912. The North
334 miles. The road was placed in operation
Randall Ry. guarantees the company against loss. After payment of all
expenses, including interest, the surplus earnings are to be equally divided
between the two companies.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDSQ-J
$26,069,900 Oct'15, 134
Stock $35,000,000 ($100)
5,495,000 Mch 1 1931
First mortgage $35,000,000 gt 1911 5 M-S
York
in
City or Cleveland.
New
c*tf(Interest
($1,000)
Bonds.-Of the first mortgage of 1911. 35.000,000 auth. may be issued for
bonds for
85% of cash cost of extensions, betterments, &c., and remainingshall
have
50% of such cash cost, when net earnings for previous 12 mos.
equaled at least twice the int. charge,including bonds proposed to be issued.
Bonds are red. on any int. date at 105 and int. Citizens' Savings & Trust
Co., Cleveland, and Bankers Trust Co., N. Y., trustees. V.92, p. 659.
REPORT.-For calendar year:
Other Int., Taxes et Balance,
Net
Gross
Calendar
Deficit.
Earnings. Earnings. Income. 6% Div.
Year$2.169,256 $313,254
$43,334
$7.692,343
$1.812.668
1914
1,570,132 40.978 2,009.529 298,419
7,149,789
1913
Dividends.-First div.-1 34 %-under new franchise ordinance of Dec.
1909 paid April 1910 and 1A % guar. since to and incl. Oct. 1915.
ROAD.-Operates 344.74 miles of single track, of which 320.14 miles are
owned. Mostly 82, 95, 103 and 141-1b. standard; 103-1b. girder rails.
OFFICERS.-Pres., J. J. Stanley; V.Ps., C. F. Emery and R. A. Harman; Sec. & Treas., H. J. Davies; Asst. Treas., Wm. J. Mead; Gen. Mgr.,
789,
G. L. Radcliffe; Aud., Thos. P. Kilfoyle.-V. 96,P. 62, 201, 284,419,
1228: V. 97. p. 364, 1897; V. 98. p. 73, 155, 522, 610. 689, 1315; V. 99. p.
473.
p.
100,
V.
1214;
1051,
969,
342, 608, 674, 747. 815,

[VOL. 101.

OFFICERS.-Pres.,F.E. Myers; 1st V.-P., F. H. Ginn; 2d V.-P.,L.J.
Wolf; Gen. Mgr., E. F. Schneider: Sec. & Treas., J. 0. Wilson; Auditor, H. B. Cavanaugh. General office, Cleveland.-V. 88, p. 294, 504;
V. 90. p. 913; V. 92, p. 260; V. 94. p. 982; V. 95. p. 1607; V. 96, P. 947,
1296. 1556, V. 98. p. 452, 911; V. 100. p. 473, 1167, 1348. 1437.
(1) Mansfield Railway. Light & Power Co.-A trolley road.
In 1907 control passed to the Clev. Southwestern & Columbus Ry. Co.
Receivership.-On Nov. 25 1912 Judge Edwin Mansfield of the Common
of a
Pleas Court ordered the dissolution of the company, the appointment
receiver and the sale of the property. S. N. Ford was appointed receiver
On Dec. 30 1912. Application was made by several holders of pref. stock
who objected to further purch. of corn. stock by C. S. W.& C. Ry.and who
alleged that the property was being handled in the interests of that compan7.
No divs. on pref.stock have been paid since 1907. V.95. p. 1542; V.'96, p.63.
ORGANIZATION.-Successor in April 1903 to the Citizens' Electric
Railway, Light & Power Co., which in turn was successor to the Mansfield
Electric Street By. Owns entire street railway and electric-light systems
In the city. City franchise runs till 1925.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$650.000
Common,$650,000($10)_
1907,6%
350,000
Prof. 3350.000($100),6% cum
200,000 April 1 1923
5
1901
($4(0.mtge
first
Citizens'
Interest at Cleveland Trust Co., Cleve., Tr.
000) ($500)
742,000 April 1 1918
5 g A-0
Mans Ry Lt& P gen mtge $1,- 1903
000,000($500 & 31,000)_c* Union Say. 13k. & Tr. Co., Cin., Trustee.
Bonds.-Interest on the new bonds of the Mansfield Railway Light &
Cincinnati.
Power Co. Is payable at Union Savings Bank & Trust Co.,
of the old Citi$200.000 of the new bonds are reserved to retire the bonds
and
improvements.
acquisitions
future
for
$58,000
and
zens' Company
A reserve fund of $10,000 per annum is maintained, to be used for extens.
and 'mots. Not subject to call. See V. 76, p. 810.
EARNINGS.-For cal. year 1914, gross, $247,053; net. 388.877; int. &
taxes. $59,490; surplus. $29.386. In 1913, gross, $235,727; net, $69,659:
int. & taxes, $59,192; surplus, $10,467.
ROAD.-Owns and operates 9 miles of track in Mansfield and an interurban line of 12 miles to Shelby; 60 and 70-lb. T rail. 24 cars.-V 78. O•
2442; V. 83. p. 1291; V. 85, p. 284; V. 95. p. 1542; V. 96. p. 63.

CLEVELAND PAINESVILLE Sc EASTERN RR.
1895. Road
ORGANIZATION,&c.-Incorporated in Ohio on April 25
to 1935. In June
completed in July 1908. Franchises expire from 1920 V.82,
1379.
p.1322.
RR.
Ash.
&
Painesv.
elev.
the
of
control
acquired
1906
In 1013 purchased the United Light & Power Co. (stock, $100,000:
bonds. $100,000).
In June 1915 the P. U. Comm. authorized the issue of $20,000 ref. & ext.
for improvements paid out of earnings
CLEVELAND SOUTHWESTERN & COLUMBUS RV.-A trolley road. 5% bonds to reimburse the company
1914. These are not included in the table.
in
In May 1913 stockholders and Ohio P. U. Commissioners approved a
auInterest. Outstanding. Maturity.
plan which, in Sept. 1915, was still held in abeyance, providing for: (1)
STOCK AND BONDS- Date.
$2,500,000
thorizing $2,C00,000 6% cumulative preferred stock to be known as 1st Stock,$3.500,000(par $100)500,000 April 1 1916
5 g A-0
1896
preferred, present issue to be 81,500,000; divs. Q.-J. (No. 1, July 11913).
$500,000,
First
mortgage,
and divs.,
Red. on any div. date, or upon involuntary liquidation, at 110
gold ($1,000 each)_c*_cpt Interest at Morton Trust Co., N. Y or
of
the
present
Cleveland Trust Co., elev.. Trustee.
or in case of merger at 105 and div. (2) '1120 classification
share Consol. mort. (closed) $1,- 1898
1,131,000 Oct 1 1918
5 A-0
pref. stock as 2d pref.(present pref. to be exchanged for new 2d pref.,fixing
Cleve..
for share, the holders of present stock waiving accumulated divs.) and
631.000 ($1,000), gold_cpt Int. at Citizens' Say. & Tr. Co.,N.Y.
for
Trustee, or Trust Co. of America,
the divs. to accumulate thereon at 4% for 1914, 5% for 1915 and&6%
Trust Ref and extension mtge, $5,- 1908
846,000 May 1 1948
5 g M-N
1916 and thereafter. (3) Authorizing a mtge. to Citizens' Say. Feb.
1
dated
Trustee,
Co., as trustee, to secure an issue of $25,000.000 5% bonds of
000,000,gold($1,000)c*cpt Int. at Clevel Trust Co., Cleveland,
$5,103,000
or company's agency in New York.
1913, due Feb. 1 1943. int. F. & A., and authorize the issue and
floating
It is
liens.
bonds thereunder for the payment of certain of the bonded
Bonds.-$500,000 consols are reserved to retire underlying
debt and to retire underlying bonds. See V. 95, p. 1607; V. 96, p. 947, provided in new refunding and extension mortgage that remaining consols
was
originally
It
1296, 1556.
81.631,000.
at
closed
was
cannot be issued. The mtge.
ORGANIZATION.-Incorporated in Ohio on March 4 1907 and is a a 82.000.000
but the balance was canceled. Of the refunding and
consolidation of the Cleveland & Southwestern Traction Co., the Cleveland
$1,631,000 are reserved to retire prior liens, and $2.523mtge.'
sxtension bonds.
For
Co.
Traction
Central
Ohio
and
the
Co.
Traction
are reserved for future extensions and improvements.'to be issued only
Ashland & Mansfield
Gas & 000
when net earnings for preceding 12 months have been not less than 25%
terms of exchange see V. 83, p. 1590. Also owns the Norwalkstock
of In
Electric Co. In 1907 acquired $505,000 of the $650,000 common stated,
of interest charges on outstanding bonds including those to be
excess
it is
the Mansfield Railway. Light & Power Co., and in Nov. 1912,
Subject to call May 1 1938 or on any interest date thereafter at
when the issued.
par
on 30 days notice.
and
bad negotiations under way for the purchase of additional stock
interest
appointment of a receiver for that company was ordered. See below.
ROAD.-Owns road from Euclid, Ohio, to Painesville and Fairport,
In Jan. 1913 the Elyria Grafton & Southern Ry. reduced its capital stock 24.02 miles ("Main Line"). and uses Cleveland Electric By. from Euclid
from $125,000 to Public Square, Cleveland, 10 miles; also owns "Shore Line," extending
from $100,000 to 81,000. and the Norwalk Gas & Elec. Co.
to $1,250. In March 1913 the Cleveland Southw. &toCol. reduced the from Willoughby to Glenville, Ohio, 14.89 miles, and uses the Cleveland
$4,236,000.
Electric Railway Co.'s track from Glenville to the Public Square,Cleveland.
authorized amount of common stock from 87.500.000
In May 1915 the Ohio P. S. Comm. authorized the company to issue 5 miles. Total track operated (including 434 miles of double). 4634 miles.
for expenditures in With the Cleve. Painesv. & Ashtabula forms a continuous line from Cleve$119,875 1st consol. M. 5s at 85 to reimburse treasurythem
at 65. These land to Ashtabula. 46 motor cars and 8 other cars. Power-house is at
1913 and 1914, and, pending sale, to hypothecate
bonds are not included in amount reported out.
Painesville. Car-houses at Willoughby. Painesville and Nottingham.
Maturity.
Outstanding.
Co.
t
STOCK AND BONDSREPORT.-For years ending Dec. 31 (excl. United Light & Power
Balance,
Interest
Other
Net
Common $4,236,000($100)--- ---------------$4,236,000
Gross
Calendar
Surplus.
2,412,000
Taxes.
and
Income.
Earnings.
Fret52,500,000 5% cum ($100)
Earnings.
Year945,000 April 1 1927 1914
855,567
$158,041
$4,000
First general consol mortgaget 1907 5 A-0
$209,608
$404.492
63,942
152,246
$10.000.000',81,000)gc*&rcotfInt. at Cleveland Tr.Co., Cleve., Trustee.
216.188
1913
425,924
1920
1
Aug.
200.000
mort-J'
first
Q-F
1895 6
Cleveland & Elyria
$19,103;
gross,
were,
1914
Co.
for
Power
&
Light
United
the
The
of
results
Co..
gage on 18 miles ($500) Interest at Citizens' Savings & Trust
net, after taxes, $6,941.
Cleveland, Trustee,
cpt
Subject to call.
100,000 Aug 1 1917
Elyria & Oberlin first mort- 1897 6 F-A
OFFICERS.-Pres., E. W. Moore; V.-P., II. A. Everett; V.-P. & Gen.
gage on 9 miles ($500) gold Interest at Cleveland Trust Co., Trustee.
Mgr.. J. Jordan; Treas.. E. V. Hale: Sec., Fred. S. Borten; Asst. Sec. and
c pt
Subject to call.
Treas., John P. Witt, Cleveland, Ohio.-V.88, p. 374, 1313. 1515: V 90,
1
Mch.
1919
127,000
Clew Bar Elyr & Oberlin cons 1899 5 g M-S
o. 621:V. 92.p. 260.391: V.93.p. 1785: V.94,p.692; V• 96.P• 359;553,
M $500,000g ($1,000 each) Interest at Cleveland Trust Co., Trustee.
V. 98, p. 522, 1315, 1684; V. 100, p. 473.
cot
Subject to call.
1920
1
Aug.
-A
F
1,073,000
Cleveland Elyria & Western 1900 5 g
(1) Cleveland Painesville Sc Ashtabula RR.-A trolley road. En• first mortgage 31,500.000 Int. at Cleve. Tr. Co., Cleve., Trustee, or at tirely over private right of way, except through some of the villages, where
Nat. Bank of Commerce in N.Y., May be franchises expire in 1927.
c&rcpt.
($1,000) gold
called at 100.
ORGANIZATION.-Incorporated in Ohio in 1902.
100,000 Jan. 1 1922
Elyria Grafton & Southern 1902 5 g J-J
lty first mortgage guar- Interest at Cleveland Trust Co.. Cleveland,
The company was auth. in June 1915 to issue 810.000 additional bonds
Y.
N.
Co.,
Trustee, and Equitable Trust
anteed by C E & W (3100,to pay for improvements. These are not included in the table.
Can be called at par.
000($1,000) gold__c*cpt
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
110.000 April 1 1920
Norwalk Gas & Electric first 1900 6 A-0
$1,000,000
$1,000,000 ($100)
mtge, $110,000 ($500). g. Int. at Guardian S. & Tr. Co., Cleveland. Stock,
990,000 July 1 1922
g J-J
5
1902
51,000.0001
mortgage
First
Trustee,or Chase National Bank, N.Y.
cpt
Subject to call
c* cotjInt. at Cleveland Trust Co.,Cleve., Trustee
gold
(81,000)
Feb
1
1923
1,400,000
-A
F
g
5
1003
Cleveland & Southwestern
fund and bonds
sinking
No
treasury.
are
in
Co.,
bonds
Cleveland.
Bonds.-$140.000
first and consol mortgage Int. at Guardian Say. & Tr.
cannot be called. See V. 75, p. 549.
Trustee, or Equitable Trust Co., N. Y.
$3,000,600($1,000)gc&rcpt
June
1
1919
101.000
J-D
g
5
Ohio 0 Trac first mortgage 1899
REPORT.-For years ending Dec. 31:
Deficit.
Other Inc. Int. &Taxes.
Net.
$150.000(31,000).goldc*ntf Int. N.Haven Tr. Co., N. Hay., Conn., Tr.
Gross.
Years299,000 Mar 1 1923 1914
321,883
370,890
5 g M-S
$110
348.897
Ohio Central Traction consol- 1903
5138,749
or
Trustee,
Cleveland,
25,353
67,012
Co.,
Tr.
idated mortgage $400,000 Int. at Cleve.
42,559
143,106
1913
at National Bank of Commerce, N. Y.
c*cpt
$500), gold
ROA I).-Operates abt. 30 miles track between Painesville and Ashtabula.
prior
for
reserved
I3onds.-Of the $10,000,000 new bonds, 33,510,000 are
Put in full operation on July 30 1904. 70-lb. T and girder rail used. Track
liens and $5,545,000 for extensions, improvements, &c. They are sub- standard gauge. Connects at Painesville with the Cleveland Painesville &
ject to call after 10 years at 105 and accrued interest. The Cleveland Eastern RR. and at Ashtabula with the Pennsylvania & Ohio Ry.-V. 82.
& Southwestern bonds of 1903 are subject to call at 105 and int. $1,600,000 O. 1332, 1379; V.86, p. 337; V.88, p. 374; V.92, p. 322; V.98, p.386.
of this issue are reserved to retire certain underlying bonds.
The Cleveland & Elyria 1st M.6s of 1895 fell due May 11915, but were
extended to Aug. 1 1920. Callable any int, date on 30 days' notice, as
CLEVELAND & EASTERN TRACTION CO.-A trolley road.
follows: To Nov. 1 1916 at 101; in 1917, 100Y1; 1918, 10034; 1919, 10034;
to succeed
ORGANIZATION.-Incorporated in Ohio on May 18 1910 Ohio
thereafter at par and int.
Trache
Cleveland & Eastern division (V. 90, p. 1613) of the Eastern
Of the Cleveland Berea Elyria & Oberlin 5s dated March 11899.3300,000
t n Co. per plan in V.89, p. 1541 1596.
divisional
remain In reserve for the retirement at or before maturity of the
permission to Issue $54,for
Comm.
Utilities
State
Ohio
to
In
applied
new
1913
Western
&
Elyria
Cleveland
6s to a like amount. Of the $1,500,000
(V.96. p.
Trac. Co. 000 1st M.bonds,$32,400 pref. and $27,000 corn. stock for impts.
5s, $427,000 are reserved to retire prior liens. The Ohio Central
1296), bonds to be sold at 80 and to be accompanied by 60% in pref. stock
consol. bonds may be called upon 30 days' notice at 105 and int.; $150,000 and
granted.
not
was
Permission
common.
50%
in
mortgage
First
5s.
first
of
amount
of consols. are reserved to retire a like
On May 3 1915 stockholders voted to amend the charter so as to permit
was originally $200,000 authorized, but $50,000 canceled subsequently.
company to engage in electric light and power business. V. 100, p. 1509.
EARNINGS.-For calendar years:
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
Other Inc. Int. & Taxes. Surplus.
Net.
Gross,
Year$381,600
$111,538 Common,$609,000($100)$386,892
$167
$498,263
$1.255.284
1914
465.865
($10C)_
n-c
5%
Pref.
$500.000,
113,918
381,930
495,848
1,255.235
1913
764,000 July 1 1932
5 g J-J
$1,000.000,1 19i0
mortgage,
First
private
on
are
miles
131
Guardian Say.& Tr. Co., Cloy., Trus.
ROAD.-Operates 209 miles of track (of which
at
tint.
c*
gold
($1,000)
right of way) in and from Cleveland to Berea, Elyria, Oberlin, Norwalk,
Bonds.-Remaining bonds reserved for extensions, &c. Bonds subject
Medina, Wellington, North Amherst, Lorain, Creston, Chippewa Lake, to call, any or all, on any int. day. at 103 and int.; began to draw int. from
Seville. Wooster, Linndale, Puritas Springs, Galion, Bucyrus, Mansfield
after Jan. 1 1912. V. 91. p. 336.
and
cars.
and Ashland. 60 and 70-lb. rails. Standard gauge. Operates 70
EARNINGS.-For cal. year 1914, gross, 3211.559; not, after taxes. 871,Springs
Also does freight and express business. Company owns Puritasoperates
176;
charges. 838.160; balance 833.016. In 1913, gross, $203,316; net,
and
owns
and Seccaium Park and reaches Chippewa Lake. Also
after taxes, $75,004; int.. $38,160; surplus. $36,844
electric-lighting plant in Norwalk.




SEPT., 1915.

ELECTRIC RAILWAYS

ROAD.-Operates 40 miles of track from Cleveland to Chardon, Burton
and Middlefield. Ohio. Standard gauge. 60-lb. T rails. Has abandoned
power plant and purchases power from Cleveland Electric Ilium. Co. (but
see above).
OFFICERS.-Pres., H. P. McIntosh; V.-P., Clark Ford; Sec. and
Gen. Mgr., Robt. D. Beatty; Treas., 0. A. Taylor. Office, 701 Electric
Bldg., Cleveland,0.-V.91,9. 154, 336; V. 100, p. 1509.
CLEVELAND YOUNGSTOWN Sc EASTERN RY. CO.
Reseiver for Chagrin Falls-Garrettsville Division.-On Dec. 16 1914 Judge
Estep in the Common Pleas Court of Cuyahoga County at Cleveland, appointed Robt. D. Beatty (Sec. & Gen. Man. of the Cleve. Y. & East. Ry.)
receiver for the line of track lying between the Cuyahoga County line and
Garrettsville, 0., in a suit to foreclose the $52,000 mtge. of 1910, having a
first lien thereon. The operation of this portion of the road was discontinued after Dec. 28 1914 upon Court order and the receiver was ordered
to sell the property. The line from Chagrin Falls to Cleveland is in no
way effected (V. 99, p. 1909).
ORGANIZATION.-Incorporated in Ohio on June 1 1906 On Mar. 1
1910 acquired the Cleve. & Chagrin Falls Ry. (incorporated Feb. 18 1910
to take over the Clev.& Clzag. Div.of the East. Ohio Trac.,sold Feb. 5 '10).
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock,$152,500 (3100)------$152.500
Clev & Oh Falls 1st M$300,-1 1910 0"
251,900 Jan 1 1930
g
000_g ($100 & $500) ___c* pt.at Guardian
Say.& Tr. Co., Cloy., Trus.
Clev Y & E Ry mtg $52,000 1910 6 g J-J
52,000 Jan 1 1915
gold ($1,000) see text___e* Int. at Citizens' Say. & Tr. Co., Cler.,Trus.
Bonds.-Clev. & Chag. Falls bonds subi. to call any or all on any int.
date at 102 and int.; $48,100 are in treasury. C. Y. &
Ry. bonds
subj. to call, any or all, at par and int. They are 1st M. onE.
line between
Chagrin Falls and Garrettsville and 2d mtge. on line between Cleveland
and Chagrin Falls.
EARNINGS.-For cal year 1914. gross, $113,860; net, $21,002; charges.
$18.119: surplus, $2,883 In 1913, gross, $115,659;
net, after taxes
$29,118; int., $18,234; surplus, $10 954.
ROAD.-Operates 37 miles of line between Cleveland, Chagrin Falls and
Garrettsville Standard gauge. 60 and 70-lb. T rail.
OFFICERS.-Pres.,H.P McIntosh; V.-P.. II. Clark Ford; Sec.& Mgr..
Robt. D. Beatty; Treas.. C. A. Taylor.-V.99, p. 1909.

33

STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $2,500,000 ($100)
vs
$2,000,000
Lorain St RR notes (81,000,1 1915"
'6
1 Q-J
200,000 Jan 1 1918
$500 and $100)
ilnt. at Citizens' Say.& Tr. Co., Clev., True.
Lorain St Ry 1st M $750,000 1899 5 g M-N
550,000 Nov 1 1949
gold ($1,000)
c*.tfjInt. at Guaranty Trust Co. N. Y., Trustee.
First consol mtge $2,000,0001 1906
500,1)00 July 1 1936
5 g J-3.
gold guar $1,000)
c*.tf Int. at Citizens' Say.& Trust Co., Cleveland,
Trustee, or Agency in Now York.
Bonds.-Of the $2,000,000 new bonds, $750,000 are reserved for prior
liens and $750,000 for extensions, &c.
They are guar.. prin. and
by
endorsement by the Lake Shore Electric
Ry. The notes are secured
int.. by
$200,000 Lorain St. Ry consol mtge. 5s(now a first
lien) and $100,000 first
consol. 5s of 1906. They are guar., p. & I. (end.) by
Lake Shore Elec.
Ry. and are callable at par and int. on any int. datethe
on 15 days' notice.
Cony. into 1st M.5s upon a basis of 9234
upon
or
,
adjustment
and interest. The notes were issued to retire $200,000 Lorain of discount
St. Ry.6%
bonds due Jan. 1 1915.
REPORT.-For calendar years:
•
Calendar
Gross
Expenses and
Interest
Net
Balance,
YearIncome.
Taxes.
Earnings.
Paid.
Sur.
or Def.
1914
3173,086
$116,465
$56,621
$64,500
def. $7,879
1913196,948
118,217
78,731
64,500
sur.14,231
ROAD.-Operates 24.77 miles
track between Elyria. Lorain and
Beach Park. Standard gauge. 24of
cars. V. 99, p. 1598, 1673; V. 100, p.
2167.
(2) The Sandusky Fremont & Southern
RY.
ORGANIZATION.-Incorporated in Ohio in
April 1906. Is operated
as part of main line of Lake Shore Electric
By. between Cleveland and
Toledo. Lake Shore Elec. By.owns entire stock.
Private right of way.
STOCK AND BONDS-- Date.
Interest. Outstanding. Maturity.
Stock, $2,000,000
-Owned by the Lake Shore Electric Ry.First mortgage, $2,000.000.1 1906
5 g J-J
July 1 1938
gold ($1,000), guar___c*tf Int. at Citizens Say. 3645.000
& Trust Co., Cleve..
Trustee, or at Agency in New York.
Bonds.-Are guaranteed, prin. and int. by endorsement,
by the Lake
Shore Elec. Ry.; not subject to call. See
'V. 83, p. 1099.
REPORT.-For calendar years:
Calendar
Gross
Expenses and
Net
Interest
Balance,
YearIncome.
Taxes.
Earnings.
Paid.
Deficit.
1914
$78,505
$53,207
$25,298
$32,250
$6,952
1913.
75,724
48,676
27,048
32,250
5,202
ROAD.-Operates a line from Sandusky to Fremont, 20 miles.
14
cars.
-V.83. p. 97, 1099.

LAKE SHORE ELECTRIC RY.
CLINTON, IOWA.
ORGANIZATION.-The Lake Shore Electric Ry. was incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & CleveCLINTON STREET RY.-Operates 1854 m. of track in city of Clinton
land Ry., the Sandusky & Interurban Ry., the Sandusky Norwalk & South- Main line franchise perpetual' others limited
to 25 years from Mar. 1913
ern Ry. and the Toledo Fremont & Norwalk RR. V. 73,
About 72 to 80-lb.T rail. Stock $1.000,000($100).of which $599.800 is outstand
half the road is built on private right-of-way; franchises forp. 784.
Funded debt consists of $400,000 (31,000) auth. and out. 5% 1st M
remaining ing.
half were in 1908 stated to have an average life of 15 years. the
bonds
(c&r),
dated
1906,
due Mar. 311926, int. A.& 0. at Ill. Tr. & Say.
has
traffic agreement by which it enters the cities of ClevelandCompany
and Toledo Bank, Chicago, Trustee. Subject to call at 105. Earnings for 1914, gross,
over the tracks of the local street railway systems. In June 1911.
net, $79,843. In 1913, gross, $164,814; net, $72,880.
through $172,681;
service was inaugurated between Cleveland and Lima via Sandusky
OFFICERS.
-Pres.,
C.
H. Young; V.-P., R. C. Langan; Sec., A. L.
and Schuyler;
Fremont, a distance of 165 miles. Also through service between Cleveland
Treas., C. C. Coan; Gen. Mgr., Bernard Bohnsen.
and Detroit, 180 miles.
Controls the Lorain Street RR. and the Sandusky Fremont & Southern
Ry., which see below. Also controls the People's Light & Power Co.
and
COFFEYVILLE, KAN.
the Bellevue Illuminating & Power Co. In 1907 made contract
power to the Toledo Findlay & Fostoria and several other roads. V to supply
THE UNION TRACTION CO.
.85,p1646
In 1910 charter was amended so as to transform the then existing
ORGANIZA
TION.
-Incorpora
ted Sept. 28 1906 in Kansas. Franchises
cum. pref. stock of $3,000,000 into 31.000,000 6% cum. 1st pref. and 5% expire
1957. Road Is on private right of way except in Coffeyville. In$2,000,000 5% non-cum. 2d pref. stock; V. 90. p. 698. At the same
accumulated dividends on the old pref. stock (part of which had time dependence, Cherryvale and Parsons.
been
STOCK AND BONDS-- Date.
issued later than the rest) were adjusted. V.90, p. 1170, 1296; V.91.
Interest. Outstanding. Maturity•
p.790. Stock,$500,000
In Jan. 1915 the articles of incorporation were amended to
$500,000 See text.
enable
com- First mtge. $1,000,000, gold' 1907
pany to sell and distribute electricity for light, heat and other the
5 J-J
978,000 Jan 1 1937
purposes
(31,000), sinking fund__ tt Warren (Pa.) Trust Co., Trustee.
In certain localities.
The Ohio Utilities Comm. has from time to time authorized the company Second mortgage
t 1911
6%
100.000
Oct 1 1921
Bonds.-lst M.bonds are red. ann. by lot at 105 and
to sell additional gen. mtge. bonds, aggregating $330,090, which have
beginning Jan.
1912. through s. f.; $22,000 have been retired. S. f. ofint.,
been issued and are held in treasury. On Feb. 10 1915 increased
10% of net earnings
authorized annually began
in 1911. Int. at Nat. City Bk., N. Y.; Commercial
amount of 1st pref. stock from $1,000,000 to $1,500,000.
Nat.
Bank, Chic., and Tradesmen's Nat. Bank, Phila. See V.88. p.
1003.
STOCK AND BONDS- Date.
Dividends.-6% is being paid on the stock.
Interest. Outstanding. Maturity.
Common,$4,500,000 (par $100)---$4,500,000
ROAD.-Operates 67 miles of road, of which 954 m. in Coffeyville,
1st pf11,500,000($100)6% cum ____
7
Q-J
1.000,000
miles in Independence and 504 miles of Interurban
See text
between Coffey2d pf 32,000,000(3100)5% n-c_
2.000,000 No div. yet. ville, Independence, Cherryvale and Parsons. 70-1b.road
T rails.
First cons mtge, $4,000,0001 1903
5 g J-J
1,690,000 Jan 1 1923
OFFICERS.
-Pres.,
D.
H. Biggins, Warren, Pa.; Sec., H. A. Biggins;
($1,000), gold,
c* tf Int. at Citizens' Say. & Tr. Co., Cleveland.
Trustee, or Trust Co., of America. N. Y. Treas., Sam. Q. Smith.-V. 90. p. 1172,• V. 91. p. 590: V. 92. p. 120;
General mtge, $7,000,0001 1903
5 g F-A
2.255.000 Feb 1 1033 V.93. p. 591, 1727; V.95. p.49. 1474; V.97, p. 1428; V.99, p. 1750.
($1.000), gold
c*tf'Int. at Citizens' Say. & Tr. Co., Cleveland
Trustee, or company's agency in N. Y.
Lorain & Cleveland 1st, gold 1897
bg
750,000 July
COLORADO SPRINGS, COL.
($1.000),$1,000,000__-_ tf Interest at Citizens' Say. & Trust1 1927
Co..
COLORADO SPRINGS & INTERURBAN RY.
Cleveland, or company's agency in N. Y.
ORGANIZA
T F & N 1st M $1,500,000 g 1900
TION.
-Incorporated In Aug. 1902 as a consolidation of the
5 g J-J
1,500,000 Jan 1 1920 Colorado
Springs Rapid Transit Ry. and the Colorado Springs & Suburban
guar ($500, $1,000) c* tf Int. at Union Trust Co., Detroit,
Trustee.
Ry.
The
consolidated
company has issued 31,500,000 stock, of which
Bonds.-Of the $4,000,000 first consols, $2,250,000 are
to retire $500,000 pref. Bonds(21,000,5,M.-S.,due Sept. 1932, Central
prior liens; $60,000 have been canceled; $4,000,000 of the reserved
Trust Co..
general mortgage N. Y.,trustee) auth.,$1,500,000;
issued. 31,000,000; 3500,000 reserved for
5 per cents are reserved to retire the first consols and $745,000 (of
which underlying bonds. Other information refused-"is a close corporation
3330.000 have been certified by the trustee and are in treasury) for extenand
has
neither
stocks
nor bonds on the market." Facts below relate solely to the
sions and impts. at 80% of cost. Neither issue is subj. to call. A
sinking old Colorado Springs Rapid Transit Ry.
fund retiring $10,000 of first consols per annum commenced
Jan.
1
1909
and
runs until 1914. From 1920 to 1922, incl., $30,000 bonds per annum
Colorado Springs Rapid Transit
are to
STOOK & BONDS- Miles. Date. RY.
be canceled. The L.& C. bonds can be called after July 1 1917 at par
Interest. Outstanding. Maturity.
and
(par $100)int. The T. P. & N. bonds can be called at 110 and
int. on any int. date Stock
1st M,$1.000 eacb__-cet 7% 1890 6 A-0
upon 90 days' notice. A sinking fund on the T. F. & N. bonds of
3
531009 f P
See text.
$10,000
Consol M, $1,000 each.g7
per annum commenced in 1905 and runs to 1909, incl.; from 1910 to
1891
6 g A-0
162,000 Apr 1
1914,
for $500,000, gold_cot
$20.000 per ann.; 1915 to 1919,330.000 per ann.;$177,500 bonds
Central Trust Co., New York. Trustee.1921
are
held
in
Interest is payable at Chemical National Bank, New York City.
sinking fund.
Consolidated mortgage limited to $500,000 by cancellation
Lien.-The T. F. & N. bonds are a first lien on
of $250,000 of
division between the bonds; $338,000 reserved for 1st
mtge. First mtge. bonds matured in
Toledo and Norwalk; the L.& C. bonds are a first lienthe
on the road between 1910 but were not retired, and are held presumably
by friends of the co.
Cleveland and Lorain; and the 1st consol. bonds a first lien on all
ROAD.
other
-Owns
miles
38
of
track.
lines and also a second mtge. on the divisions noted above.
OFFIOERS.-Pres., D. H. Rice; V.-P., W.Lennox; Sec., Wm.Lloyd?
Dividends.-Initial div. on 1st pref.. fli% paid Oct. 1 1910:
same Treas., C. S. Chamberlin.-V. 70. P. 75, 175, 328.
amount quarterly to and including Apr
April 1915. July 1915 dividend omitted
(V. 101, p. 47).
REPORT.-For years ending Dec. 31, excluding Lorain Street
RR.,
Sandusky Fremont & Southern By. and light and power companies.
Report for 1914 in V. 100, p. 2163.
Net (after
Other
Divs. on
YearGross.
Taxes). Income. Interest. 1st Pref. Surplus.
1914
$1,120,328 $416,677 $25,000 $329,832 $60,000 $51,845
1913
1,119,312
448,707
25,000
324,696
60,000
89,011
Earnings for 1014 of the People's Lt. & Pow. Co. were: Gross,
net, after taxes, $4,154; and of the Bellevue Ill. & Pow. Co., gross, $8,831:
$22,207;
net, after taxes, $9,394.
ROAD.-Operates 172 miles, extending from Cleveland to Toledo
and
Sandusky, and from Sandusky to Norwalk; also city lines in
Sandusky;
standard gauge; 70 to 100-1b. rails. Through line from Cloy,
Toledo was
opened for business about Aug. 26 1902. In addition owns to
the Sandusky
Fremont & Southern, 20 miles, and the Lorain Street RR.,
24.77 miles,
making a total of 216.77 miles. 72 passenger, 5 baggage, 17 work
and 47
freight cars. Total, 141.
OFFICERS.-Pres., E. W. Moore, Cleveland and N. Y.; V.-P's., H.
A.
Everett and W. H. Price, Cleveland; V.-P. and Gen.
F. W. Coen.
Sandusky, O.: Sec. & Treas., Jno.P Witt,Cloveland.Mgr.,
-V.91.
p.262.457; V.94,9.413; V.95,9.297; V.96.9.360.550; V.98..790:V.92.
V. 99, p. 1910; V. 100, p. 474, 733, 1592, 2163; V. 101, p. 47.p.387.604;

COLUMBIA, S. C.

COLUMBIA RAILWAY. GAS & ELECTRIC CO.
ORGANIZATION.-Does the entire street railway, electric lighting,
power and gas business in Columbia, S. C.-Name changed
Columbia
Electric Street By., Light & Power to the above on May 15from
1911. V. 92.
p. 1374. Is a consolidation on July 1 1905 of the Columbia Electric
St. By.
Lt. dc Pow. Co. and the Columbia Water Pow. Co. The first-mentioned
was organized in So. Caro.Jan.6 1892 and was a consolidation of the
Columbia Elec. & Suburban Ry. Co. and the Congaree Gas & Electric
Co. Acquired the Columbia & Eau Claire Electric By. Owns all the stock
and
bonds of the Columbia Gas Light Co., which Is also leased. Operates under
rights granted by State of So. Caro.(which owns the city streets), expiring
Dec. 16 1941. Gas franchises granted by State and city franchises covering
all departments are without limit of time.
In June 1912 acquired Parr Shoals Power Co.(stock $2,000,000 corn.,
all
owned, and $300,000 pref.), which on May 30 1914 placed
in operation its
new hydro-electric station (present capacity 18,000 h.p.; ultimate
capacity
30,000 h.p.) on the Broad River, near Alston, S. 0.,
2734 miles northwest
of Columbia. supplying the requirements of the controlling
co. (V. 95. P.
1122; V. 98, p. 154, 1844.)
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity
Common,$2,000,000 ($100)$2,000,000
Pref.. $1,000,000, 6% cum. ..__Q-J
831,600 July 15.134
4100)
(1) Lorain Street Railroad Co.-A trolley road.
First mortgage, $7,500,000, 1911
5 J-J
2.783.000 July 1 1936
gold ($1,000)
colf Int. at co.'s office or at its agency in N. Y.
ORGANIZATION.-Incorporated in Ohio on Aug. 3 1906 and is a
consolidation of the Lorain St. Railway and the Avon
Beach & Southern RR. Parr Shoals P pfd stk $300,00 Columbia Trust Co., N. Y. Trustee.
Entire stock and $500,000 new consols owned by the
____
7%
300.600
Lake
Shore Elec. Ry. Parr Shoals P 1st mtge, 331 1912
Operates on private right-of-way except three miles in Lorain
5 g A-0
3.000,000 Apr 1 1952
and Elyria,
000.000 ($1,000) gold c*tf Columbia Trust Co.,Trustee.
on which franchises run until 1919.
Col Canal Co mtg, $200,000t ____
6%
200.000 See text.




34

ELECTRIC RAILWAYS

[Vol,. 101.

sink. fd.
of the 1st M.bds. of Colum. Elec. (c) $4,281,000 1st ref. & eaten.
Ry.; $572,000 1st
5s for $3,000,000 1st consol. 40-year 5s of Colum. St.
of Cent.
bonds
%
5s
1st
St.
Crosstown
$409,000
of
Ry.;
5s
40-year
consol.
Market St. Ry. and $300,000 of the 1st M. 5s of Colum. Edison Co.
The P. U. Comm. in May 1915 authorized the issuance of $1,739,000
1st ref. and ext. 5% bonds, which have been deposited under the oneyear coupon notes.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
g
Common, $6,080,000
dee text Oct'15, 1%
4%
33.145.000stock
Prior pref
1,269,300 Oct '15. 1
------"A" pref. $1,720.200
4,193,400 Aug '15. lJi
"B" pref. $4,200.000
See text Oct 1 1940
5 g A-0
1915
1st ref & ext sink fd M $25,- 1Interest
at agency in Phila., or Columbus.
,000)__c*tf
000,000 g
Girard Trust Co., Phila., Trustee.
5 g J-D
1,200.000 Juno 1 1916
Coupon notes, $1,500,000 gi 1915
Co., Phil t. Trustee.
($1,000), Series B ______ CommercialgTrust
5 J4
391,000 Jan 1 1922
1902
Cent Mar 1st mtge.$500,000, Interest
at N.Y.Trust Co., N. Y. Trustee.
c*_ntf f
gold ($1,000)
5 g J-J
1892
3,000,000 July 1 1932
Col St Ry 1st, $3,000,000, Interest
at M. W.Clark & Co.,Philadelphia.
cs_ntf
gold
Columbia-Knick. Trust Co., N. Y., Trustee.
5 R J-D
572,000 June 1 1933
Crosstown 1st mtge. gold, 1893
c*_ntf Columbia-Knick. Trust Co., N.Y., Trustee.
($1,000)
4 04
3,145,000 Oct 1 1939
Col Ry 1st consol mtge. $7.- 1899 at
Union Savings Bank & Trust Co.
000,000 ($1,000), g. c5.ntfl Interest
of Cincinnati, Trustee, at E. W. Clark &
Bonds are redeemable after1 Co..
Philadelphia, or at company's office.
Oct 1 1914 at 105 and int.
tr _ 1897 6 g MN
416,000 Nov 1 1922
Col Elec 1st mtge, g
300,000 April 1 1929
ntf 1899
COLUMBUS, GA.
5 Ft A-0
Col Ed El 1st mtge. a.
g F-A
182,000 Feb 1 1924
Col Pub Serv 1st M__c*_ntf 1904 6 F-A
COLUMBUS ELECTRIC CO.
Feb 1 1924
471,700
6
1908
(closed)
c*
M
gen
P
&
Ht
Lt
Col
&
Tr.
Co.,
Columbus, Trust.
Bk.
ORGANIZATION.-Incorporated in Maine on Feb.6 1903 and owns all
Say.
tato
$1,000)--Af1S
($100,$500 &
stock
the securities of the Gas Light Co. of Columbus; the entire commonPower
in
only
for the
is
exchange
issuable
stock
4%
pref.
prior
-The
Columbus
Stock.
and $121,300 of the pref. stock (out of $350.000) of the
Co. 4% bonds and is exchangeable any time prior to Oct. 1
Co., and all the stock and $370,000 of the 1st M. bonds Out of $423,000 Columbus Ry.
ext. sink. fd. 5% bonds on the basis of$850 of bonds
and
ref.
companies,
1st
these
of
into
notes
1924
$1.184,685
Railroad
Columbus
Co.;
also
of the
of for $1,000 of stock. The issuance of prior pref. stock in exchange for bonds
which do the entire street railway and lighting, gas and power business
Columbus and the adjoining towns of Phoenix and Girard. Franchises per- has been begun. 1st ref. & ext. sink, fund bonds, $1,739,000 have boon
50
for
Ry.
Line
Air
Seaboard
Bonds.-Of the
the
to
leased
petual. The freight lines are
deposited under the ono-year coupon notes. Additional
years from Oct. 17 1901 at a rental of $7,500 per annum. $100,000 pref. issued and are
those already issued, will total $2,000,000,
bonds to an amount which, with
stock is held by the Public Service Investment Co.
company's discretion. $8,212,000 are reserved for prior
at
issued
be
may
Interest. Outstanding. Maturity
impts., oxts., &c., at 85% of actual cost
for
STOCK AND BONDS- Date.
reserved
liens and remainder
$1,500,000
restrictions. Callable at 105 and int. on any int. date
Corn,$1,500,000($100)J-J
1,200.000 July'15,3% with conservative
of bonds outstanding
Pref, 6% cum after Jan 11 ---on 60 days notice. Sinking fund of 1% per annum
1915,31.200,000($100)-,4
11920.
758,000 April 1 1933 begins Oct.
5 g A-0
1st coil M. $1,500,000, gold 1903
deposit of 1st ref. & ext. 5s of 1940 at 80% of their
by
-Secured
Notes.
Trustee.
c*ntf Int. at Old Colony Tr. Co.. Boston,
($1 000)
at par and-int. on 30 day's notice. Int. payable at office
2,000,000 July 1 1917 face value.of Red.
3-yr notes $2,000,000 goldI 1914 6 g J-J
the company in Columbus or Philadelphia.
Bost.,trust. or agency
($100,$500 & $1,000)___c* Int. at Commonwealth Tr. Co.,Oct
bonds are red. at any time at 110 and int. on 60
Market
Central
The
1 1937
53,000
5 A-0
began in 1907. $109,000
Columbus RR 1st mortgage_ 1898
days' notice. Sinking fund of 5% of gross earnings
Trustee
Phila.,
Co.,
End
Trust
West
at
Int.
tf
($1,000)_
$450.000, gold
are subject held in sinking fund.
was for $2,000,000 but was closed
Bonds.-The $1,500,000 new bonds of the Columbus Elec. Co.like
mortgage
By.
Street
Crosstown
The
amount
to call as a whole at 105 & int. $53,000 are reserved to retire a
1st M. at $572.000.
closed. $3,428,000 bonds
of Columbus RR. bonds. The remaining $370,000 Columbus RR.
Columbus Railway Co. mortgage has been
of
bonds are owned by the Columbus Elec. Co. An "improvement fund"
of which $283,000 have been canceled.
3-yr. notes were issued thereunder,
101 and int. on any int.
at
red.
are
bonds
2% per annum of outstanding bonds commenced in 1905. The
Co.
Pow.
The Col. Lt. Ht. &
are callable as a whole on any int. day on 60 days' notice at 101 and int. date on 60 days' notice. $39,300 in treasury of Col. Ry., Pow. & Lt. Co.,
V. 99, po. 119.
above.
shown
amount
to
in
addition
Dividends.-First div. on pref. stock, 3%, was paid Jan. 1907: 3% has
on the Series"A"pref. stock
Dividends.-An initial div. of 1%% was paid
been paid semi-annually since to and including July 1915.
qifar.since to and incl. Oct. 1915. On Series "B"
Sea- April 1 1914; same rate
rate quar. since to and
same
and
ROAD.-Operates 25.9 miles of track, of which 5 miles leased toA.
1914
May
in
1% paid
L. initial div. of 13,
board Air Line for 50 yrs. 54 cars; 2 steam locomotives (leased to S.
pref. initial div. of 1% was paid in Oct. 1915.
a incl. Aug. 1915. On prior
Aug., 1 %;Nov.,
1914;
May
in
paid
was
%
Ry.). Standard gauge. Controls hydro-electric developments with
114
of
div.
initial
On common
Aug., 1M%.
present capacity of 19,500 h.p. and an ultimate capacity of 85,000 h.p.
13%. In 1915. Feb., 13(%; May, 13i%;
in
V.
report
101, p. 523):
(1914
31
Dec.
EARNINGS.-For 12 months ending June 30 1915, gross, $696,498; not,
end.
year
REPORT.-For
1914.
1913.
1913.
after taxes, $378,358; interest, $305,871; sinking and impt. funds,$40,116;
1914.
Earningsinterest
Other
$62,651
$47,000
$2,109,69
surplus, $32,327.
$2,086,269
Railway
8,063
894,185 Miscellaneous
34,817
980,029
OFFICERS.-Pres., Charles F. Wallace; V.-P., Harry H. Hunt and Pow., It., &c_
Rentals
40,978
435,908
J. Andrew Heath Jr.; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen.
45,000
Pref.div.Ser.A
$3,003,454
V.
509;
P•
p.
83,
82,
$3,066,298
Assn.,
-V.
Boston.
WebsterMgt.
&
Stone
Mgrs.,
Total
do Ser.B _
199,145
Expens.&taxes 1,886,745 1,939,520
1590; V. 93, p. 163; V. 99, p. 119; V. 100, p. 1831.
Com.divs.(5%) 302,106
$1,063,934
(1) Columbus Power Co.
_$1,179,553
Net earns_
Total
$1.066,690 $928,347
ORGANIZATION.-Is a consb1idation in March 1906 of the Columbus
DeductSurplus
$112.863 $135,587
mt.on bonds_ $408,747 3410,622 Sulus
Power Co.,the Coweta Power Co.and the Chattahoochee Falls Co. Entire I
1914,
against 79,560,640 in 1913.
78,949,559,
Co.
in
Electric
carried
the
by
Columbus
Passengers
COM. stock and nowt of the pref. is owned
2 freight and
single
miles
449
passenger,
track.
Maturity
&c.-147.36
Outstanding.
Date.
Interest.
BONDSSTOCK AND
ROAD,
$1,500,000
Common,$1,500,000 ($100)_
52 other cars. 6 steam power stations with 20,435 k.w. capacity.
& Treas.;
Vice-Pr.,
Mgr.
Gen.
G.
McMoon;
Samuel
Pref. $1.500,000 ($100), 6%
res.,
OFFICERS.-P
350,000
5
non•cum, red at 105
K. Stewart; Vice-Pr., 0. M. Clark; Sec. and Auditor, P. V. Burington,
2,402,000 Apr 1 1936 E. Sec.
5 g A-0
p.
V.
1422,
1228,
M.
Herbert
Burington.
Aud.,
1st mtge, 34,000,000, gold. 1906
Asst.
and
Asst.
c tr I Int.at Commonw.Tr.Co.,Boston.Trustee 1839;
guar (see text)
V. 97, p. 1425, 1662, 1897; V. 98, p. 235, 452, 1316, 1766; V. 99, p.
V. 100, p. 53, 229, 397, 1256, 1509, 1831, 1917:
1672;
1366.
815,
406,
for
future
48,
reserved
are
$1,500,000
authorized,
Bonds.-Of the $4,000,000
V. 101, p. 523, 923.
purposes. A sinking fund of 1% of bonds out began Apr. 1 1912. $98,000
purchased for sk. fd. and canceled. Bonds subj. to call as a whole (or in
OHIO ELECTRIC RAILWAY CO.
I.
&
p.
guar.
are
Bonds
date.
int.
part for sk. fd.) at 110 and int. on any
ORGANIZATION.-Incorp. May 16 1907 in Ohio. On Aug. 31 1907
and s. f. by Columbus Electric Co.
Traction Co., which owned the line from Lima
purchased the Lima & Toledo
PLANT.-Controls by ownership or lease developed water power on
to Toledo, and leased the Lima Elec. Ry. & Lt. Co. (this co. being purChattahoochee River aggregating 7,500 h. p. Also owns stearh plant of dhased on Dec. 311909). which operates in the city of Lima, and the Ft.
3.000 h. p. in City of Columbus. Proposes to have an ultimatehydraulio Wayne Van Wert & Lima Tree., with a line from Lima, O., to Ft. Wayne.
development of 8.5.000h. p.-V.82, p.512. .
Ind. Also acquired by lease the Indiana Col. & East. Trac., which com& Zanesville Elec. Ry. and
pany assigned to it the leases of Col.1 Newark
1908 purchased the Cinc. Northern
Dayton & Western Trac. On Feb.acquired
that company its lease
from
and
dissolved)
(subsequently
IND.
,
Trac.
COLUMBUS
of Cinc. Day. & Toledo Traction.
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.
Including city lines in Zanesville, Newark, Lima, Hamilton and other
Lease.-In Dec. 1912 was leased for 999 years to the Inter-State Public points, operating mileage is 613.45 miles, extending from Zanesville on
(including line from Columbus to Orient
Service Co.,a subsidiary of the Middle West Utilities Co.,at a rental of 5% the east via Newark to Columous
Newark to Granville branches), thence hrough
on the capital stock, or $92,000 a year above all taxes. V.95.p. 680. See and Buckeye Lake and
to Union City, where connection is
and
from
Dayton
Dayton,
1157.
p.
96,
In
V.
V.
1745;
Co.
to
95,p.
Service
Springfield
Inter-State Public
Indiana Union Trac. for Muncie, Anderson and Indianapolis,
ORGAN IZATION.-Formerly the Indianapolis Greenwood & Franklin made withfrom
to
where connection is made with
Ind.,
Dayton
Richmond,
and
Ind..
changed
Name
in
1895.
RR., which company was incorporated in Indiana
H. I. & E. Trac. to Indianapolis. Extending north from Springfield
as above in Jan. 1903. In Sept. 1912 increased its auth.stock to 31,840,000 T.
Urbana and Bellefontaine to Lima, and from Lima to Defiance; to
through
Maturity
Interest. Outstanding.
STOCIf AND BONDS.- Date.
Toledo,0.,and Ft. Wayne,Ind.; also from Dayton to Cincinnati, including
$1,840,000
Hill branches. Electric light and
Stock, $1,840,000
Germantown, Mt. Healthy and
932,000 Feb 1 1923 power business is conducted in cities of Zanesville, Lima and West AlexVirt..t mortgage, $1,000,0001 1903 5 g F-A
c*tf tint. at Commercial Trust Co., Phila., Trust. andria and steam-heating plant in Lima.
gold ($1,900)
Bonds.-Cannot be called. $68,000 are reserved for exten. and impts.
In May 1913 was granted authority to issue $3,500,000 2d mtge. bonds.
st not exceeding $15,000 per mile. See V.76, p.654; V.82, p. 1212.
provided $5,000,000 of outstanding stock was retired. This was accordFranklin
of
Indianapolis,
miles
between
track
done. V. 96. p. 1365. 1840: V. 97, p. 299.
ingly
62.38
ROAD,-Operates
Date, Interest. Outstanding, Dividend.
and Columbus and Seymour,of which 3.86 miles belong to Ind. Trac.& Ter.
STOCK AND BONDSIt
38.000,000
Co. Standard gauge. 60-1b. T rail. Mostly private right-of-way.
Common,$8,000,000 ($100)
connects with Indianapolis & Louisville Elec. Ry., thus forming a through Preferred.$6,000,000 5% non
3,000,000 See text.
line from Indianapolis to Louisville.
cum ($100)
1910 5 g J-J
4,200,000 Jan 1 1930
OFFICERS.-Pres., Wm.G.Irwin; V.-P., L.I. Sweeney; Sec.& Treas. 1st & ref. mtge. 315.000,000',
-----c*, Int. at Fidelity Trust Co.. Phila., Trustee.
gold ($1,000)
Hugh Miller; all of Columbus, Ind.-V.77. p. 823; V. 78. p. 1446; V.82
5 g J-D
1913
2,497,200 June 1 1943
$5,000,000,
mtge
gen
380.
p.
95,
&
V.
2nd
421;
86.p.
V.
p.928. 1212;
gold ($100)($500)(31,000) Int. at Fidelity Trust Co.. Phila., Trustee.
86,000 'See
Equip notes Series"A' $160,- 1910 5 g J-J
Trustee.
c* Int. at Fidelity Trust Co.
000 gold ($1,000)
COLUMBUS, OHIO.
eo text.
J-J
g
5
78,000
1911
"B"3130,Series
E ul notes
C5 Int. at Fidelity Trust Co., Phila., Trustee.
000 gold ($1,000)
COLUMBUS RAILWAY. POWER & LIGHT CO.
84,000 Hoe text.
Equip notes Series "0"$120,- 1912 5 g J-11)
ORGANIZATION.-Name changed Feb. 10 1913 from Columbus Trac-c* Int. at Fidelity Trust Co.. Phila.. Trustee.
000 gold ($1.000)
tion Co.(incorp. Doc. 26 1906 as successor to the Central Market St. Ry., Equip notes Series"D"$1001 1914
85,000 See text.
5 g M-S
and
bonds)
to
the
subject
$500,000
sold under creditor's bill in Feb. 1906,
Int. at Fidelity Trust Co., Phila., Trustee.
000 gold ($1,000)
took over the Columbus Ry. Co. and the Columbus Edison Co. as per plan
notice.
red.
at
30
days'
on
05
is
Stock.-Preferred
in V.96, p. 1839. The leases between these two companies and the ColumBonds.-$3,250,000 1st & ref. bonds are reserved to retire prior liens
bus Ry.& Lt.Co. were then canceled. The Columbus Lt.,,Ht.& P.Co. was
bonds of
(31,250,000 bonds of Lima El. Ry. & Lt. Co. and $2,000,000
not acquired until Jan. 1915. See "Elec. Ry. Section" for Jan. 1915.
subof
Ft.
and
system
Wayne Van Wert & Lima Trac. Co.) and $7,550,000 for additions,
railway
Columbus
city
street
the
operates
and
Owns
1915 on
or
1
Jan.
after
on
call
to
is
subj.
issue
Entire
&c.
the
light
and
betterments.
commercial electric
urban lines to Arlington and 'Westerville,
and int. on 60 days' notice. No sinking fund. The
and power systems of the city and vicinity. Franchise for street railway any int. day at 105
date for payment in cash
int.
any
on
call
to
subj.
is
issue
mtge.
gen.
&
transfers.
and
cents
2nd
25
universal
for
tickets
for
8
and
1926
provides
in
expires
let & ref. mtge. bonds of 1910 exchangeable at par
Two of the light and power franchises are perpetual; others expire 1926 to or for substitution ofBonds
to be delivered for purposes of impts., as apon 8 weeks' notice.
1928.
Commission of Ohio or other governmental
Service
auth.
U.
Public
P.
by
proved
Ohio
Commission
the
1914
&c.
Oct.
16
-On
Securities,
Neto
covers Ill properties and leasehold
Mortgage
fd.
sk.
bonds
No
for
existing
authority.
the company to issue certain new securities in exchange
Series "A" ecAulp. notes mature $8,000
as follows: (a) $3,145,000 4% pref. stk. (or $3,145,000 1st ref. & eaten. estate, subj. to underlying lien.
Series B equip, notes are 1st
1911.
1
Jan.
1st
commencing
Ry.
Co.
$450,000
semi-ann.
Col.
(b)
of
4s
1st
of
consol.
amt.
equal
an
M.5s) for
July 1)
series A 6% pref. stk.(or $450,000 1st ref. & exten. M.5s) for an equal amt. mtge.on 26 cars. They mature semi-ann.($7.000 Jan. 1 and $6,000

are deposiBonds.-Of the outstanding first mtge. bonds of 1911,$60,000are
reserved
ted to guar. int. on Canal Co.6s. Of unissued bonds,$200,000
acadditions.
improvements,
for
$4,517,000
and
bonds
Co.
Canal
retire
to
on any
call
to
subject
are
Bonds
quisitions, &c., under certain restrictions.
equal to 1% of bonds
int. date at 105 and int. Since July 1 1912 an amount no
may thereout must be expended for impts., &c., against which 1%bonds
for retirement of
after be issued, and beginning Dec. 15 1915 a further
Co. bonds mature $100,000
bonds. See V. 93, p. 229. Columbia Canal
bonds are guar.,
Jan. 1 1918 and $100,000 Jan. 1 1919. Parr Shoals Power
fund of
i. by end., by the Columbia Ry., Gas & Elec. Co. Sinking
inclusive.
. semi-annually of bonds out from 1918 to Jan. 1 1952,
of 1%
in
payable
Int.
notice.
days'
60
on
int.
and
They are subject to call at 105
New York.
Jan. 1907, 3%.
Dividends.-First div. on pref.-3%-paid July 1 1906;
until July
Subsequent diva. passed (all surplus being put intotoproperty)
1911. when 1% was paid;same amount quer. since and incl. July 1915.
taxes,
after
net,
$764,840;
gross,
EARNINGS.-For cal. year 1914,
$340,524; int., $146,695; surplus, $193,829. In 1913, gross, $721,594; net,
$199,695.
surplus,
$133,851;
int.,
$333,547;
after taxes,
ROAD.-Operates 25.15 miles of track; 50 cars. Owns 2 power plants
with a total capacity of about 14,000 h. p.
OFFICERS.-Pres.and Treas., E. W.Robertson; 1st V.-P., Henry Parsons; Sec., R. Charlton Wright; Gen. Mgr., A. Wallace.-V. 81, P. 507,
po. 206; V. 95.
974; V. 84, p. 931; V. 92, p. 1108, 1374; V.93. p. 229; V. 94,1844.
p. 1122: V. 96, p. 1020; V. 97, p. 1024; V. 98, p. 155, 1070,




SEPT., 1915.1

ELECTRIC RAILWAYS

35

from Jan. 1 1912 to July 1 1921, incl. All issues of equip.
notes are guar..
OFFICERS.-Pres., Dana Stevens; V.-P., J. H. Sundmaker;
p. & I., by end. of Ohio Elec. By. Series "C" equip.
Sec. and
notes are 1st mtge. Treas., F. A. Healy.-V.87. p.
on 43 cars and mature $6,000 semi-ann. beginning
37; V. 95, P. 47, 890, 1039.
Dec. 1 1912. Series"D"
equip. notes mature $5,000 semi-annually beginning
Sept. 11914.
(3) Lima Electric Railway & Light.-A trolley road.
EARNINGS.-For cal. year 1914, gross from railway,
$3,518,217; light
and power, $335,295; misc., $16,723; total gross, $3,870,235
Acquired by purchase by Ohio Electric By. Dec. 31 1909.
. In 1913
gross from railway, $3,507,255; light and
power, $304,779; miscellaneous,
ORGANIZATION.-The company is a consolidation completed
$15,912; total gross, $3,827,946.
Aug. 1
1900
of the Lima By. (incorporated Nov. 5 1896) and
Lima Electric
OFFICERS.-President. W. Kesley
V.-P., Dana Stevens Light & Power Co. Was leased July 1 1905 to the Lima &the
Toledo Traction,
Secretary and Treasurer, F. A. IIealy; Schoepf; Manager,
A. Benham; which lease was assigned to Ohio Electric By. Aug. 31 1907.
Gen. offices, Interurban Bldg., SpringfielGeneral
d, Ohio. V. 86, p. 338; V. 87,
STOCK AND BOp.38; V. 90, p. 698, 850; V. 92, p.
te
anding. Maturity.
1500; V. 93, p. 230, 1534; V. 94, p, Stock, $5,000
1627; V. 95, p. 237; V.96, p. 1365,323.
($100)-------- ------------------$5,000
1557. 1840; V. 97, p. 299; V. 98, p. 690. Lima Railway,
first mtge, 1898
5 g J-D
90,000
(1) Columbus Interurban Terminal Co.
$200,000, gold ($500)_ __c* Int. at Citizens Savings & Trust Dec 1 1916
Entire stock owned by Ohio Elec. By., which guar. bonds.
Co.,Cleve.,
Trustee; also at Fourth Nat. Bank, N. Y.
ORGANIZATION.-Incorp. in Ohio on May 24 1910. Owns and Lima Elec Lt & Power,
gold, 1900
5 g J-D
operates since Jan. 1 1912 passenger and freight terminal stations in
10.000 June 1 1917
1st M,$85,000 ($1.000) _c* Int. at Cleveland
Columb.
Trust
Co., Cleve., Trustee.
STOCK AND BONDSDate. Interest. Outstanding. Maturity. Lima Electric By & Light. 1900
5g
260,000 July 1 1916
Stock $10,000 ($100)
gold,first consol mortgage, Int. at Cleveland
_____
$1,000
Trust Co.,Cleve., Trustee,
First mtgo $1,000,000 gold' 1910 5 g J-D
$500,000 ($500)
433,000 June 1 1935
c*
Standard
or
Trust
Co., New York.
($500) guar p & i
c*fInt. at Cit. Tr.& Say. Bk., Columbus, Trust, 2d consol mortgage,$850.000, 1902
5 g A-0
350,000 Apr 1 1925
Bonds.-Remaining bonds reserved for acquisition of additional
gold ($1.000)
c* Int. at
real
Trust Co., Buffalo, Trustee.
estate, additional stories on present bldg. and other impts.
Elec By & Light. ref 1905 Fidelity
Not subj. Lima
5 g M-S
535,000 Sept 1 1925
to call.
mortgage, $1.250,000, gold Int. at Girard
Tr. Co., Phila., Pa., Trustee.
Bonds.-Of the first consol. mtge. gold 5s,
OFFICERS.-Pres., Dana Stevens; V.-P., J. H. Sundmaker; Secretary
$240,000 are reserved to retire
the above two prior liens. The
& Treas., F. A. IIcaly.-V. 92, p. 1564; V. 93, p. 1532,
Lima
1599.
By.
bonds
may be called at par on 4
weeks' notice. $10,000
Dec. 1 annually. Lima Elec. Light & Pow.
(2) The Indiana Columbus & Eastern Traction Co.-A trolley road. bonds may be called onretired
Leased to the Ohio Electric By. Aug. 311907. Latter company guaran- June 1 annually. Of theany int. day on 30 days' notice. $5.000 retired
$850,000 2d consols, $500,000 are reserved to retees interest on bonds and 5% divs. on pref. stock and owns entire corn.
stk. tire a like amount of first consols. These bonds are a lien on the electriclight and heating plant, as well as on the railway.
ORGANIZATION.-Incorporated in Ohio on April 14 1906 and has
Cannot be called before
acquired the Dayton Springfield & Urbana Elec. By., the Columbus
London maturity. $715,000 refunding bonds are reserved to retire prior liens.
& Springfield By., the Columbus Grove City & Southwest
ROAD.-Owns 14.21 miles of track, also asteam
ern By., the
-heating
Urbana Bellefontaine 8c Northern By., the Springfield & Western
(franchise
By., the perpetual, operated in connection with the electric-lighting plant
Dayton & Northern Traction Co. and about 12 miles of
plant). Conthe Dayton & tract ordinance for city lighting expires April 1919.
Muncie Traction Co., extending from Greenville
to Union City on the
OFFICERS.-Pres., Dana Stevens; V.-Ps., J. H.
Indiana-Ohio State line. has also acquired the Columbus
Sundmaker Sec. &
& Lake Michigan Treas., F. A. Healy, Springfield
RR., a steam road operating between Lima and Defiance,
. Ohio.-V.81. p. 155, 1100.
which has been
converted into electricity,
.
(4) Fort Wayne Van Wert Sc Lima Traction Co.-A trolley road,
Leases the Dayton & Western Traction Co. and the Columbus
Newark &
Zanesville Elec. By., which latter company had previously absorbed
ORGANIZATION.-On
1 1906 was leased, until expiration of franColumbus Buckeye Lake & Newark Traction Co. and the Zanesville By the chises and renewals thereof,Mar.
to Lima & Toledo Traction Co., which guaranLt.
& Power Co. These leases were assigned to the Ohio Elec. By. Aug.
teed the interest. V. 82, p. 691. Lease was assigned
31
1907.
to Ohio Electric Ry,
The new general and refunding mortgage bonds were listed on the Phila- Aug.31 1907. The latter company owns all
delphia Stock Exchange in February 1907. V.81. p. 339. See description ated in Indiana and Ohio. Road is entirely the common stock. Incorporon private right-of-way except
of bonds, property.. &c., in V. 83, p. 37.
In towns, where it has 25 or 50-year franchises
.
Favorable Tax Decision.-See remarks under Cincinnati Street By.
Favorable Tax Decision.-Seo remarks under
Cincinnati Street By.
STOOK AND BONDSSTOOK AND BONDS- Date.
Date. Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
Common,$3,025,000($100)$3,025,000
Common,31,000,000 ($100)$1,000,000
Preferred,$1,000,000 ($100)
Pref,$1,000,000,5% n-c($100?
1,000,000 See text.
5%
_
1,000,000
Gen and ref mtge (see text)l 1906 5 g M-N
6,650,000 May 1 1928 First mtge, $2,000,000, gold 1905
51
July 1 1930
gold ($1,000)
c Int. at Pa.Co.for Ins.on
guaranteed ($1.000)__ _c* Int. at Fideiity Trust1,470,000
Co., Phila., Trustee.
Col Lon & Spg 1st mtge, $1,- 1900 5 g A-0
Bonds.-Of the $2,000,000 bonds, $530,000 are reserved
Oct 1 1920
for extensions
500,000. gold ($1,000)-c* I Int. at N. Y. Trust Co.,500,000
and
improveme
nts.
New
V.
82,
York,
691.
p.
Trustee.
Are not subject to call.
Day Spg & Urb 1st mtge,l 1898 5 g M-N
Nov 1 1928
ROAD.-59.84 miles of electric
from Ft. Wayne via New Haven;
$750,000, gold ($1,000)___ Interest at N.Y. Trust 750,000
Co., N. Y. Trustee. Monroeville, Van Wert, Middlepoitrack
nt, Delphos and Elida to Lima. ComBonds.-The gen. and ref. intgo. was originally for $12,000,0
00'
but auth. menced complete operation Nov. 15 1905. Connects at Ft. Wayne
amount has been reduced to $10.000,000. Of the remaining bonds
with
$250,- the Ft. Wayne & Nor. Ind. Trac. and at Lima
000 are treas. bonds deposited with trustee and are available for
the Ohio Elec. Ry.,
extens. & and forms part of through line from Ft. Waynewith
impts. when not earns, are equal to 1 M times int. charges
to Toledo, Dayton and
on bonds out Columbus. Standard gauge, 70-lb. T rails.
and to be issued; $1,250,000 are held to retire the underlying
liens given
In table above. The remaining $2,100,000 areroserved for
OFFICERS.-Pres., Dana Stevens; V.-P., J. H. Sundmaker; Sec. and
future betterments, improvements and extensions, and can only
issued as follows: Treas., F. A. Healy.-V.82, p. 691. 804; V. 83, p. 37.
$1,100,000 when net income is equal to 1% times int, be
charges
on
all
bonds,
including those to be issued, and $1,000,000 when net is equal to twice
(5) Cincinnati Dayton Sc Toledo Traction Co.-Trolley road.•
int.
charges, incl. int. on bonds to be issued. These bonds are subject
Leased to the Ohio Electric By. Co.; see terms below.
whole, but not in part, at 105 and int. The Columbus London to call in
ORGANIZATION.-Incorporated in Ohio on May 19 1902,
field bonds may be called at 110 and int. A sinking fond on & Spring- solidation
and Is a conof the Southern Ohio Traction Co., the Cincinnati
of 5% of gross earnings began with year ending Sept 30 1906. these bonds western By.,
& NorthSee
the Miamisburg & Germantown Traction Co. and the
V.
71,
p. 963.
141,000 in sink. fund Sept. 11915. The Day. Springfield &
Hamilton
&
Lindenwal
d
Elec.
UrTrans. Co. V. 74, p. 884, 1037. Franchises
bana bonds are subj. to call at 110 and int. A sink. fund
are
of 5% of gross for 25 to 50 years.
earnings began in 1903. $135.000 In sinking fund July 1 1915.
Lease.
-Was
ROAD.-Columbus to Orient, Columbus through Springfield
leased to the Cincinnati Northern Traction Co. May 1 1905
to
Dayfor length of franchise and renewals thereof. Lease
ton, Dayton to Union City and Richmond, Ind., Springfield
transferred to Ohio
to Litna, Electric By.Co. Feb. 1 1908.
through Lima to Defiance,0. Total miles of track (electric)
After the Ohio floods in 1913 a lease was on
owned,252.91; June 23 1913, by
leased, 126,94; total operated, 379.85. Standard gauge.
agreement with Ohio Electric By., modified
(see V. 96.
5
power
houses. p. 1556. 1839) to provide for payments as follows:
231 cars.
(a)June 24 1913,$92,000;
lie) for years ending June 30, respectively; 1913-14,
OFFICERS.-Pres., Dana Stevens; V,-P., J. II.
$266,500;
1914-15,
$266,500;
Sundmaker; Sec. and
1915-16, $276,500; 1916-17,$286.500; 1917-18, $296,500;
Treas., F. A. lIealy; Asst. Sec. & Asst. Treas., J. M.
1918Pogue.-V. 85, p. 19, $306,500; 1919-20, $316,500; 1920-21, $326,500;
600; V. 86, p. 721; V. 87, p. 37.
1921-22, $346,500;
1922-23 and thereafter,$366.500 yearly. Divs. on any pref.
stock
that
may
be
issued beyond the $250,000 outstanding at time of agreement
(a) Dayton 5c Western Traction.-Trolley road.
are to be in
addition to these payments. Lessee also
pays $1,000 per annum for
ORGANIZATION.-Incorporated on June 26 1898.
lessor's
organizati
on
Was
expenses
leased
on June
and another $1,000 per annum to be invested
15 1906 to Ind. Colum. & East.(V. 82, p. 1437). For terms,
by lessor to meet future expenses.
see below.
Favorable Tax Decision.-See remarks under Cincinnati
On Mar. 6 1914 a certificate was filed reducing the capital
Street ity.
stock from
STOCK$5,250,00
to
0
$2,250,000
Div. Period. Outstand'g. Last Dividend.
. consisting of $2,000,000 common and $250,000
Common,$900,000 ($100)
preferred. V. 98, p. 838.
$747,500
Q-J
See text.
Prof, $850,000 ($100) 5% cum
modified
Under
agreement
of
lease
of
June
Q-J
23 1913, outstanding common
850.000
See text.
Dividends.-Lease taking effect June 15 1906 provides
was reduced in Nov. 1914 from $5,000,000
for 5% per annum stock
$2,000,000-the Ohio
on pref. stock and 5% on coin. stock in 1900
Elec. By. surrendering the $1,000,000 hold by to
and 1907.
it and the other shares
% in 1908 and being
6% thereafter.
exchanged two for one. V. 99, p. 1597.
ROAD.-Dayton,0., to Richmond. Ind., with branch from
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ville to New Paris, 36.94 miles. At Richmond connection is New West- Common
$2,000,000 ($100)-made with
J-J
$2,000,000 See text.
Terre Haute Ind. & East Trac., thus making a through
from Indian- Pref $25O,000, 5% cum($100 _ _ _ _
J-J
250,000 See text.
polls via Dayton to Columbus, a distance of 184 miles.line
V. 82, p. 1437: Cinbay & Tol Tr gen & ref 1914
5 g A-0
See
Oct 1 1944
V.83,p
. 36, 94, 379.
mtgo $7,500,000 gold no sk Interest at Fidelity Trusttext
Co., PhiladelOFFICERS.-Pres. and Treas., Valentino Winters; V.-P.,
fund (.$1,000)
F. A. Funkphia, trustee.
housor; Soc., R. R. Dickey; Asst. sec. & Treas., G. A. Funkhouse
Cincin
Day
&
Tol
1st
cons
M,
1902
r
5 g J-J
Jr., an
July 1 1922
of Dayton.
$5,000,000, g ($1,000)__c* Interest at Cleveland2,700,000
Trust Co., Trustee.
Southern Ohio Trac 1st cons 1900
5 g M-N
1,350,000 May 1 1920
(b) Columbus Newark & Zanesville Electric RY.CO.-A trolley
$2.000,000($1,000),goldc* Int. at Cleveland Trust
road
Co., Trustee, or at
ORGANIZATION.-Incorporated in Ohio on July
1902, and in April
Standard Trust Co.. New York.
1904 absorbed the Newark & Granville Street By. In2June
1906 acquired Cin & Ham Elec 1st g ($500) 1898 6 g J-J
the Columbus Buckeye Lake & Newark Traction Co.,
400,000
July 1 1918
the
preferred share$500.000, not subj to call
Int. at Cit. Say. 8c Tr. Co., Cleve., Trustee.
holders being given $500,000 in prof. stock for their holdings.
Also took Dayton Traction 1st M, g 1896
over the Zanesv. By. Light & Power Co. and was then
5 g J-J
250,000 July 1 1916
leased
on
($1,000),
int
June
guar
c* Int. at Finance Co of Penn., Phila., Trustee.
1906 to the Indiana Colum. & East. Trac. Co. for length of franchise 23 Ham
& Lindenwald El Trai 1901
and
5 g J-D
renewals thereof. Rental is interest on bonds, an amount
July 1 1922
1st M s f $250,000, g ($1.-Interest at Cleveland 250,000
the preferred stock and $500 for organization expenses. equal to 6% on
Trust Co., Trustee.
us
V.
000),
int
guar
83,
P. 625.
c*
Private right of way from Newark to Zanesville; franchises on
other lines Miam & Germ 1st guar ($50.-1 1901
5 g J-D
expire 1925 to 1928. Entire common stock is owned by Ohio
50,000
July 1 1922
Elec.
000).
By.
gold
Co.
($1,000)
c*Unteres
t
at
Cincinnati Trust Co., Trustee.
Favorable Tax Decision.-See remarks under Cincinnati Street
By.
Bonds.-None of the issues is subject to call except the gen.
STOOK AND BONDSDate. Interest. Outstanding,
ref. 5s of 1914'
Maturity. Of the $7,500,000 gen. & ref. 5s of 1914, $5.000,000 are reserved for
Common,$1,525,000 ($100)prior
$1,525,000
liens and the remaining $2,500,000 areheld by the
Pt,6% cum,$500,000 ($100)_ __-- 6 Q-J
for future impts.,
500,000 See text.
&c. Nono outstanding at present. Red. at par intrustee
1st mtge, $2,000,000, goldl 1904 5 g M-S
whole or in part on any
1,250.000
int.
Mch
date.
99,
V.
1
p.
1597.
1924
Of the $5,000,000 Cin.
($1,000)
c* Int. at Columbia Tr. Co., N. Y., trustee.
& Tol. Trac.
Issue, $2,300,000 is reserved to retire prior liens. See V.Day.
Gen & ref mtge, gold. $6,- 1906 5 g M-N
81, p. 154.
Of tne $2,000,000 South. Ohio Traction bonds, $650,000
May 1 1926
250,000 ($1,000)
c* Int. at Girard Trust 1,211,000
are
reserved to
Co.,
Phila.,
retire
Cin.
Ham.
Trustee.
&
Electric bonds and
CBL&N 1st mtgo,$1,500,- 1901 5 g M-N
1.243,000 Nov 1 1921 listed on Philadelphia Stock Exchange. Dayton Traction bonds. Issue
000,gold ($1,000)
c* Int. at Columbia
The Ham. & Lind. Elec. Tran. and Miamisb. & Germ, bonds
Zanesville Ry, Lt & Pow 1st 1902 5 g M-S Tr, Co., N. Y. trustee.
originally
fell due Dec. 1 1911, but arrangements were made at that time to
See text.
cons mortgage, $1,000,0001 Int. at Cent. Tr.& S. D.750,000
extend
Co.,Cinc.. Trustee, them to July 1 1922. V.93, p.1386, 1387.
Annual sinking fund of 57 on
($500. $1,000), gold_
c*1 or Trust Co. of America,
Ham.
Lind.
New
&
bonds
York.
began
Dec.
1
1906,
Registrar, Guardian Trust & Safe Deposit Co., Zanesville
Increasing 1% each year up to 1911.
,
Ohio.
$48,000 in sinking fund Sept. 1 1915.
Zanesv Elec 1st mtgo, $300,-{ 1899 4 g P-A
250,000 Feb 1 1919
Dividends.-5% per annum is paid on the pref. stock. On
000, gold, subject to call Interest at International
Trust Co., Boston, modified lease,
under
after 1903, $1,000 each_ _c
divs. are suspended until year beginning July 1corn.,
Trustee.
1915, when
% will be paid, this increasing %% annually
Bonds.-Of the $6,250,000 gen. & ref. bonds, $3,493,00
until the year beginning
0 are reserved to July 1 1921 (after a
retire prior lions and $1,516,000 for betterments and extensions
dividend rate of 3% has been reached) when the increase
. They are
subject to call after 5 years at 105 and int. Under terms
of this mtge., none is 1% per annum, until 5% is reached in the year beginning July 1 1922.
of the $750,000 1st mtgo. bonds unissued can now be issued.
ROAD.-Owns 67.22 miles of electric track, connecting Cincinnati
The entire
Issue of Col. Now.& Zanesv. 1st 5s can be called
at 110 and int. on any int. Dayton, incl. Germantown. Mt. Healthy and College Hill branches; with
date. V. 80, p. 1234. The Col. Buck. L. & New,
also
bonds are subject to Including the Hamilton City lines. 54 cars; 1 locomotive. Carries freight
call on any int. date at 110 and int. on 3 months'
and express.
Lt. & Power bonds fell due Oct. 1 1912 but wore notice. Zanesville By.,
extended
to
Mar.
OFFICERS
1
1924.
.-Pres.,
Theobald Feiss; V.-P., O. H. Rombold; V.-P.
$250,000 reserved to retire underlying bonds.
W. A. Draper; Sec. & Treas., F. A. Healy; Asst.
Sec.
,
& Asst. Treas.,
ROAD.-Operates 90.00 miles of track from
to Zanesville, D. J. Downing, all of Cincinnati.-V. 81. p. 154; V. 96, p. 1556, 1839:
including the city lines in Zanesville, Newark andColumbus
V.
98,
p. 838; V.99, p. 1597; V. 101. p.448.
to Buckeye Lake. Operates lighting and powerGranville and a branch
plants in Zanesville.
Standard gauge; 60 and 70-1b. T rail and 90-1b. girder.
Also owns amuseCOLUMBUS DELAWARE & MARION R Y.-A holding company.
mont park on Buckeye Lake. Owns and operates its
Hebron power plant
Receivership.-Appointment of Ell M. West
with its own natural gas.
as receiver was affirmed
by the Circuit Court at Columbus in all respects.




36

ELECTRIC RAILWAYS

[voL. 101.

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date,
Court dismissed the
$1,800,000
On Feb. 4 1913 Judge Sater in the U. S. District
appointment of Common,$1,800,000 ($100)-the
for
297)
480.
p.
95.
300,000 July '15,1X
(V.
Q-J
Bingham
W.
Robert
5 cum
petition of
mtge. by the Federal Court, let pref, $500,000.
1,200,000 July '15,1Si
Q-J
cum}
o
5
.
a new receiver and the foreclosure of the
Pref,
$1,200,000
n.
jurisdictio
had
holding that the matter was one of which the State Courts
($100)
1,583,000 Sept 1 loss
J 1908 6 M-S
•I96. p.662.
have been let mortg, $4,000,000, gold
c* tflInt. at Harris Tr.& Say. Bk..Chic.. Trustee.
nt. due Aug. 1912 was paid in Feb. 1913; subsequent coupons
(31,000)
probably be paid
0 can only be issued
$2,383,00
bonds
mtge.
let
remaining
the
paid six months after they matured. Aug. 1915 int. will
-Of
Bonds.
expenditures, and for permanent extensions and additions
In Feb. 1916.
Court of Common Pleas of for 76% of cash
earnings are twice the interest charge on
net
when
only
Personal Judgment.-On May 13 1912 the
and
property,
to
Mar.23 1915 by Ohio Supreme Cour.
sinking fund of
and those to be issued. Bonds have a2%
Green Co. gave a judgment (affirmed against
John G. Webb for $1,055,931 outstanding bonds
per annum.
-V. 100, p. 1078) to Receiver Westan
annum on bonds out 1913 to 1917; thereafter
accounting. Mr. Webb was also 1% per have
to call. See particulars,
subject
not
are
They
retired.
as balance due in suit brought forDel. &
been
of the guar. of $17.000
event
in
Ry.
Mar.
Col.
the
to
679.
liable
p.
further
87,
V.
be
in
held to
of 3 sub. cos., viz.. $500.000 Col. bonds, property, &c., ds on old issue of pref. stock were to accrue from
that company being held valid on bonds
Dividends.-Dividen
Ry.. Lt. & Power and $250,000
ed
Mar.& Bucyrus,$200,000 Mar.& Western
due Jab. 1 1906 and April 1 1906 were relinquish
In Sept. 1915 the Common Pleas Oct. 1 1905, but amounts
1448.
p.
94,
V.
was paid July 1906 and 1Si% Oct.
Ry.
Suburban
&
Mar.
by
shareholders. and let div. (1S4%)to
of
guarantor
as
liable
held
be
not
could
company
1914. incl.. 5% per annum. In
1907
From
Court decided that the
1440.
p.
V.
82,
1906.
thereon.
due
int.
$96,000
the $500,000 Col. Mar. ,Sc Bucyrus bonds and
$25,000 to 1915, Jan., 131%; April, 13%; July, fl4%.
On Apr. 28 1913 Judge tKinkgad dauth. receiver's notes for
gross, $463,151;
EARNINGS.-For 12 months ending June 30 1915,
necessitated
$21,446.
.
eCeiveTrh
.
r
e
v
i
c
e
r
e s against the (
net, $195,111; int. and taxes, $98,664; dive.. $75,000; surplus,
itpreferenL in claalm
esn
1 74vb:ggs
?tars ftstfte(1
to
Lancaster and
Columbus
from
track
of
miles
72
s
ROAD.-Operate
p. 12s96.
decithe
Standard
affirmed
system.
third-rail
is
reported,
it
by
Court,
operated
Supreme
On Dec.8 1914 the Ohio
Columbus to Chillicothe. Is
company operates
and Appellate courts, which from
T rail. Within city limits of Columbus,
sion of the Franklin County Common Pleas
against gauge, 70-1b.
open agreement.
awarded Newton C. Catrow of Miamisburg judgment for $72,963
over tracks of Columbus By., Pow. & Lt. Co. under
V.-Pres. and Treas..
the company. See V. 99. p. 1832.
OFFICERS.-Pres. and Mgr., Frank A. Davis;
the issuanceof $150,C. Skinner.-V.81, p. 32.
On July 3 1915 Judge Kinkead refused to authorizedue
Aug. 1. Instead Edwin R. Sharp; See., A. C. Moorhens;
falling
p. 481. 615, 679; V. 91.
V.87,
000 receiver's certificates to pay obligations
Supt.,
1440;
1158,
101.
p.
V.82,
1661;
payment
1551.
778,
the
for
or
less
he auth. Receiver West to execute notes for a yearhim "to pay interest on p. 871.
of expenses amounting to $55,000 and instructedto
take such steps within
all bonds to enable the consolidated bondholders and
lift the receivership"
CONCORD, N. H.
a reasonable time as they may wish to reorganize
129.
p.
V.
101,
1437)
p.
100.
V.
(compare
extending from the
CONCORD STREET RAILWAY.-A trolley road12.71
and owns the
miles of track.
ORGANIZATION.-Incorporated in Ohio in Oct. 1904
to Penacook. Comprises
Electric RR.($1,- central wards of Concord
passed to the Boston & Maine RR.,and in 1903 the
entire capital stocks of the Columbus Delaware & Marion
control
1901
In
June
Columbus
the
and
)
e authorized the Concord & Montreal RR.,
000,000), the Marion By., Lt. & Power Co.($300.000
Legislatur
Hampshire
New
Northern By., Power & Equipment Co.($300.000).
which is leased to the Boston & Maine, to purchase the property and to
Interest. Outstanding. Maturity. Issue stock and bonds taS2ay therefor.
!STOOK AND BONDS- Date.
$2,100,000
Common,$2,100,000 ($100)500,000
Pref"A,"6% cum,$500,000_
400,000
Pref"B." 1-6% cum,$400.000
CORNING, N. Y.
Aug 1 1944
920,000
-A
F
g
5
1904
0J
First ref mtge. $2,500,00
road.
Co. N.Y., Trustee.
& PAINTED POST STREET RY.-A trolley
G
CORNIN
gold (S500 & $1,000)__.__c*1Int. at Bankers' Trust
created in 1908 (V. 86,
d operaStock.-The pref. "A" and pref."B" shares were
ATION.-Incorporated Dec. 11, 1894. Commence
ORGANIZ
"B"
the
on
:
those
but
cumulative
162.
are
p.
both
V..80,
in 1904.
p. 1284), and dividends on
for each tion Nov. 1 1895. Control changed hands
Maturity.
g.
shares are entitled to only 1% the first year, with an additional 1%
Outstandin
Interest.
STOCK AND BONDS- Date.
year thereafter until 6% is reached.
$100,000 1905-06,49'
the bonds Stock,$100,000($100)Bonds.-Of the new ref. mtge..$1,580,000 are reserved to retire
100,000 Jan 1 1916
5 J-J
f 1896
Co. and the 1st mortgage, $100.000
of the Col. Nor. By.. P. k E. Co., the Marion Ry., Lt. & P.
Co., Boston.
Trust
Beacon
I Interest at
.C. D. & M. Elec. RR.
$64,157; net, after
gross,
1914,
30
$184,EARNINGS.-For year ending June
EARNINGS.-For year ending June 30 1915, gross, 2479,710; net,
$6,549.
taxes,$15,102; other income,$777; int., rents, &c.,$9,330; surplus,
375; int., taxes, &c., $155,262; surplus, $29,113.
of track from Corning to Painted Post; 19 cars.
Catrow;
G.
miles
H.
5.9
Pres.,
-Owns
H.
Davidson;
ROAD.
W.
Receiver,
for
.-Aud.
S
OFFICER
Sec., J. E.
-V. 95, p. 297,
OFFICERS.-Pres., J. L. Greatsinger, Brooklyn, N. Y.;
Sec., E. H. Turner; Supt. for Receiver. J. H. Lahrmer.1832; V. 100. D.
Packer, New York; Treas., D. W. Bigoney. New York; Compt., C .P.
480. 1331, 1472; V. 96. p. 652, 1296, 1700; V. 99, p. 537,
129.
p.
62.
p.
101,
80,
-V.
V.
York.
Crawford, New
1078, 1437, 2009;
(1) Columbus Delaware & Marion Electric RR.
1 1913. Int. due May 1913 was
Interest duo Nov. 1 1912 was paid May
CORTLAND, N. Y.
was paid in May 1914. The May
paid in Nov. 1913. The Nov. 1913 int. 1914
int. was paid May 1915. The
Nov.
CORTLAND COUNTY TRACTION.-Trolley.
1914 int. was paid in Nov. 1914.
of the Cortland
May 1915 int. will probably be paid in Nov. 1915.
ORGANIZATION.-Is a reorganization on June 22 1901
23 1901. In June 1905 ab& Homer Traction, sold at foreclosure on Apr.
ORGANIZATION.-Incorporated in 11/01.
Co., previously controlled. On
Electric
Homer
&
Cortland
g.
Maturity
the
Outstandin
sorbed
Interest.
Date.
BONDSarc and 27 ornamental lights to the cities of
5 g M-N $1,000,000 May 1 1921 July 1 1915 was furnishing 240light
1901
to the public. Carries coal and freight
1st mort., $1,000,000, gold{
also
c* Int. at Olm land Trust Co., Cleveland. Homer and Cortland and
($1,000)
.
passengers
Y,
n
N.
of
as
Comm.
Bank
well
sat.
as
Trustee, or
Interest. Outstanding. Maturity
STOOK AND BONDS- Date.
Bonds.-See V. 75. p. 76.
$320,000
railway over private right of way from Stock, corn, $320,000 4100) - 1901
180,000 April 1 1921
ROAD.-Operates an electric
4 g A-0
and
Marion
Delaware
Franklin.
through
passing
Marion,
& Tr. Co., Scranton, Pa.,
Bk.
Say.
Columbus to
ounty
($500)./C
57
80,
of
V.
3180.000
miles.
a
mtge,
total
First
Delaware,
co.'s
office. No sink. fd.
at
counties. Also 4 miles in the City of
Int.
Trustee.
c*
gold
1100.
Can be called on 6 months' notice.
I). 117; V. 91, p. 945: V.93. p.
& Equipment Co.
320,000 Aug 1 1935
5 g F-A
gt 1905
3500,000,
mortgage,
New
(2) Columbus Northern Ry. Power
in Ohio on Oct. 24 1904 to erect a
c Interest at Empire Tr. Co., N. Y., Trustee.
ORGANIZATION.-Incorporated ations
($500 and $1,000)
to supply electricity for power 1st
5 J-D
105,000 June 1 1957
sub-st
& ref mtge.$2.000.000-1 1907
power house at Delaware and
borrow
to
was
Ry.
authorized
Marion
'Int. at Equitable Tr. Co., N. Y., Trustee.
&
Del.
Col.
of
Receiver
and heat.
since
Interest
592.
p.
are
89.
reserved to retire
V.
1909.
1
$180.000
of
issue
1905,
Sept.
$500,000
due
Bonds.-Of the
money to pay interest
The March 1914 coupon and subsequent prior liens. They are subject to call at 105.
then was paid to Sept. 1913.
Sept. int. will probably
matured.
they
after
months
sidings and turn3
including
of
paid
(not
track
were
miles
coupons
ROAD.-Operates 16.18
Little York and Preble, and between
be paid Dec. 1 1915.
outs) between Cortland, Homer. 33
g. Maturity. Cortland
cars.
Outstandin
Interest.
Has
le.
Date.
McGrawvil
and
BONDS$245,000 Sept 1 1934
5 g M-8
1904
EARNINGS.-For fiscal year ending June 30 1915, gross, 8.82,500; net,
1st mortgage, $300,000, gold!
clInt. at Guaranty Trust Co., N. Y., Trustee. after taxes. $8,487; other income, $25,178; bond, &c., int., $29,830; sur($1,000)
Co.
plus. $3,835.
(3) Marion Railway. Light & Power
in Ohio on June 24 1903 and Is a
.-Pres., Edwin Duffey; V.-Ps., D. W. Van Hoesen and
ORGANIZATION.-Incorporated Railway
Electric E.OFFICERS
Marion
the
and
Co.
Street
Marion
H. Brewer; Sec., H. A. Dickenson; Treas. & Gen. Mgr., Cl. H. Garrison.
the
consolidation of
six
paid
were
t
coupons
subsequen
and
Light & Power Co. Jan. 1914
be paid Jan.1 -V. 81, p. 507.
months after they matured. July 1915 interest will probably
1916.
COVINGTON, KY.
Interest. Outstanding. Maturity.
Date.
BONDS$300,000 July 1 1924
5 t?
lht mtge, gold ($1,000)_ __eel 1904
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION
lInt. at Guaranty Trust Co.. N. Y., Trustee.
road.
trolley
CO.-A
Bonds.-No sinking fund and bonds cannot be called.
ORGANIZATION.-Incorporated under the laws of New Jersey on
80-lb. rail.
the stock of the Union Light, Heat &
ROAD.-Six miles of track in Marion. Standard gauge. 60 and
March 11 1902 and purchased all
Co. of Covington and of the Cincinnati Newport & Covington RailPower
, LIGHT & POWER CO.
The latter was organized in 1892 to buy up and con576.
p.
74,
V.
MARION & WESTERN RAILWAY
way.
has been
all the roads on the Kentucky side of the river opposite Cincinnati.
Default.-Interest has been in default since Sept. 1906. Suit
of the com- solidate -The
Union Lt., Ht. & Power Co. and the Cinc. Newp. & Coy.
Lease.
brought in Federal Court at Cincinnati against the directors
by the Cinc. Newp. & Coy.
By.(both controlled through stock ownership
pany for an accounting of the proceeds of bonds.
purchase
to
on Sept. 26 1906
Lt. & Tr.) were leased from Apr. 1 1907 to Columbia Gas & Electric Co.
ORGANIZATION.-Incorporated in Ohio
to Richwood (incorporated in Ohio) for 45 years. The lessee guarantees interest on
Prospect
from
build
to
and
Co.
Light
Electric
the Prospect
dividends are
bonds and 4%% per annum on preferred stock. On common,
Ohio,7 miles.
year, increasing % each year until 6% is reached, which
Interest. Outstanding. Maturity. to be 3% for firstthereafter.
See V. 84, p. 449, 930; also terms in V. 84. p.
STOCK AND BONDS- Date.
is to be the rate
$200,000
Under agreement ratified in July
Stock,$200,000
1936 1489, under Columbia Gas & Electric.
200.000
5 g A-0
1906
P. Co.'s 4% bonds, the eats. and
1st mortgage, $200,000. gold!
1915 for refunding of Union Lt., lit. &to
1Interest at Cincinnati Trust Co.. Trustee.
be paid for by the issue of now
are
($500)
property
company's
that
to
add'ns
per
$5,000
of
fund
of by sale of stock of the Cincinnati
Bonds.-Subject to call after 1912 at 110. Sinking
50-year 5% bonds (see below) instead
. V. 101, p. 694.
1912.
agreement
old
after
annum
as provided under the
G. H. company
& Erlanger St. Ry., which was inOFFICERS.-Pres., N. J. Catrow; V.-P., J. G. Webb; Treas.,
The controlled Cincinnati Covington
to build an extension to
$50),
(shares
stock
$250,000
with
Webb.
corp. Sept. 1899
Holzbog; Sec., J. S.
Erlanger. 731 miles (about 3 miles completed) has also been leased to the
-A
CO.
Electric.
&
N
Gas
TRACTIO
OWN
Columbia
JOHNST
COLUMBUS NEW ALBANY &
1st M. bonds to cover cost of
On June 25 1914 company auth. $200,000
trolley road.
bridge between Covington and Newport, which is now under
in Ohio on May 4 1899. In May the 11th St.
608.
p.
ORGANIZATION.-Incorporated and
99.
V.
on.
constructi
made the new mortgage in table
Covington & Cincin1905 canceled old mtge. for $200,900
Franchise Assessment Sustained.-Motion by Southin
years.
below. V. 80. p. 2399. Franchises are for 25
St. Ry.to enjoin increase in franchise assessment 1912from $710,373
Maturity. nati
See
tstanding.
V.
1914.
838.
Its
Feb.
p.
98,
in
denied
te.
was
BONDS$4,195,850
AND
to
STOCK
in the U.S.Dist.
----------$200,000
Franchise Decisions.-On Oct. 19 1914 Judge Cochran
Common,$400,000($100)------of Covington in 1882 to
200,000
Court held that the franchise granted by the City
Preferred,6% cum.$200,000
effect
perpetual. See
in
was
By.
Street
Cincinnati
&
Covington
South
($100)
as
None. Jan 1 1925 the
5 g J-J
V. 99, p. 1214. On Jan. 5 1915 the U. S. Supreme Court declared void,
First mtge. $450.000, gold 1905 Say.
Bank & Tr. Co., Cinc., Trustee. ap unlawful interference with inter-State commerce, the section of the Covntf Prov.
($500 and $1.000)
in
See
ing.
details
overcrowd
to
relating
ordinance
profits,
railway
not
gross,
1915,
street
$49,120;
ington
REPORT.-For year endh g June 30
March 9 1915 the voters of CinV. 100. p. 139. At a special election held of
$4,406; taxes and misc.,.$2,328; balance, $2,078.
vote of 56,423 the new
total
a
out
of
8.903
majority
a
by
rejected
cinnati
Columbus to Gahanna,includby the Cincinnati City Council on Jan. 9 1915.
ROAD.-Operates 8.8 miles of track fromthe
Columbus By. as terminal; 25-year franchise granted
reing perpetual lease of 2.7 miles of tracks of
Refunding.-On July 28 1915 the shareholders approved the plan for
gauge,5 ft. 2 in.: 65-1b. Trail.-V.82. p. 1211; V.91. p. 1160, 1629; V.92, funding the Union Lt., Ht. & Pow. Co. 4% bonds due May 1 1918 at or
as
bonds,
5%
proposed
50-yr.
of
35,000,000
issue
p. 1032, 1498.
new
a
by
before maturity
new bonds will be used to take
by the Columbia Gas & Electric Co. The
rail.
amounts will beLput out each year
SCIOTO VALLEY TRACTION CO.-Thlrd
up the present issue and such additional
a
in
The Columbia Gas
charter
perpetual
with
additions.
and
Ohio
in
extensions
ated
for
pay
as are necessary to
ORGANIZATION.-Incorpor
Franchises extend beyond maturity & El. Co. will provide a sink. fd. to retire all bonds at or before maturity.
1904. Built on private right of way. $2,000,000
of 1903 and made V. 101, p. 694.
mtge.
canceled
1908
In
bonds.
mtge.
1st
of
Stockholders voted Sept. 22
Interest. Outstanding. Maturity.
new mtge. for 34,000,000, which see below.
STOOK AND BONDS- Date.
first preferred stock, which ranks
35,000.000 July'15.134
Q-J
1908. authorizing $500,000 new s% 481
Common.$5,000,000 ($100)-and
615).
p.
87.
(V.
stock
preferred
old
ahead of
m, $5.-}
non-cu
Prof.
434%
the
of
interest
the
in
ed
incorporat
was
Co.
4.500.000 July '15,134
In 1912 the Columbus Depot
434 Q-J
(i100)
000.006
company to build a terminal in Columbus.




SEPT., 1915.]

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding.
Maturity.
Underlying BondsSo Cov&Cln cons M $500,000f 1892 6 g J-J
$150,000 Jan 1 1932
gold ($500,$1,000)
'Covington Say Bank & Tr. Co., Trustee.
Newp & Day St Ry 1st M__-- 1887 6 F-A
100,000 Aug 1 1917
Cincinnati Newport & Covington1st consul mtge, gold, $3,_I 1892 5 g J-J
2,750,000 July 1 1922
000,000 ($1,000)___c*&r
Farmers' Loan & Tr. Co. of N. Y. Trustee.
2d mortgage, $1,000,000. g 1896 5 g J-J
600,000 July 1 1922
($1000 each)
c Farmers' Loan & Trust Co.. N.Y., Trustee.
Union Light, Heat & Power Co.1901 4 g M-N
1,608,000 May 1 1918
1st mtge, $2,000,000, gold 1Int. at Nat. Bank of Commerce, N.Y.;
First
($100. $500 & $1.000)_c&r
National Bank, Cincinnati, or at German
National Bank, Covington.
Guaranteed BondsLicking River Br Co 1st Ml. 1914 5 M-S
185,000
1939
$185,000 guar (see text) s fj
Bonds.-Of the first consolidated bonds of 1892 of the 0. N. & C. Ry.,
$250,000 are deposited with the trustee to retire all the underlying mortgage
bonds. The perpetual charters of constituent companies are kept alive,
and their capital stocks are deposited with the trustee as collateral for
first consols. Interest on those bonds is payable at the National Bankthe
of
Commerce, New York, First National Bank, Cincinnati, and German Nat.
Bank, Covington. The Union Light, Heat & Power Co. bonds can
be
called at 110 and interest. Of these. $392,000 are available for improve-.
ments, additions or purchase of other companies at par for actual
Licking River bonds are guaranteed by Columbia Gas & Elec. Co. andcost.
the
South Covington & Cincinnati St. Ry.
DIVIDENDS.-On preferred 45% is being paid. On common stock
first dividend of Vs % was paid July 15 1907 and M % Oct. 15 1907. In
1908.334%; in 1909.334%; in 1910. 434%;in 1911.4%%;in 1912. 531%.
In 1913,5M%;in 1914,6%. In 1915,
Jan., 1.Si%; April, 1 M %;July,lii.
ROAD.-Connects Cincinnati, Newport, Covington, Dayton, Bellevue
Ludlow, Bromley and Fort Thomas. Total in operation,
60 miles; laid
with 80-1b. Johnston girder and 72-1b. "T" rails.
OFFICERS.-Pres., James C. Ernst; V.-P., James M. Hutton; Sec.,
and Treas., George M. Abbott.-V.83, p. 1228;
84. p. 449, 930. 1366,
1488; V.88, p. 824; V.92, p. 1313; V.94, p. 350; V.V.
98,p. 838; V.99.P.608.
1214; V. 10, p. 139, 397; V. 101, P. 448, 694.

DALLAS, TEXAS.

DALLAS ELECTRIC COMPANY.-Trolley.
ORGANIZATION.-The Dallas Electric Co. was incorp. in Maine on
May 3 1913 with $7,000.000 auth.cao. stock, as a re-incorporation of Dallas
Electric Corporation (incorp. in New Jersey in 1902). V. 96. p. 1422.
Does an electric railway and electric-lighting and power business in Dallas
by virtue of the ownership of securities of certain local companies.
Franchises of subsidiary companies expire in 1922. See V. 84, p. 157. Shareholders in July 1909 authorized an issue of $2,000,000 1st pref.
and it was
sold in blocks of 10 shares of 1st pref. and 4 shares of corn.stock,
$925. V.89.
p. 224. For decision on occupation tax on Dallas st. rwys.,for
see
89, p. 41.
On Nov.23 1912 Judge Foree in the 14th Dist. Court granted V.
a temporary
injunction to the Dallas Consol. Elec. St. Ry., enjoining the enforcemen
t
of the ordinance as passed at the special referendum election on
April 2
1912, and which provides for the sale of 7 tickets for 25'cents and for
only
3-cent fares where passengers have to stand. V. 95, p. 1541 1472 113.
On June 14 1913 the Civil Court of Appeals of the Fifth
affirmed
the decision of Judge Force (see above). V.96, A. 1772. District
On Mar.4 1914
the Texas State Supreme Court at Austin declined
to grant the
application for a writ of error to review the decision of the Civil Courtcity's
of Appeals
of the Fifth District. V. 98, p. 839.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$3,000,000 ($100)
$2.849,800
First pref,$2,000,000,6% cum
($100)
A-0
1.995.000 Apr '15. 3%
2d pf $2,000,000 5% n-c($100)
A-0
1.997,300 Apr '15, 2Si
Dallas Electric CorporationFirst coll trust mtge, $4.000,- 1902 5 g A-0
3,431,000 April 1 1922
000,gold($100,$1,000)c*tt Int. at Old Colony Tr. Co., Boston, Trustee.
Notes,$3,500,000, gold ($500 1912 5 F-A
1,000,000 Feb 1 1917
and $1,000)
c5 tf Int. at American Trust Co., Boston,Trustee.
Notes $2,500.000 gold ($500 1914 5 g J-D
1,500,000 June 1 1917
and $1,000)
C* Int. at American Trust Co., Boston, trustee.
Stock and Bonds.-$129,000 common stock is held in treasury, not included
in amount outstanding. The first pref. is redeemable
105 and accumulated dividends. Sinking fund, 1% per annum of at
bonds outstanding.
$50,000 bonds in treasury not incl. In amount reported outstanding
above.
$519.000 were held in the sinking fund on July 31 1915. Bonds can
be
called as a whole on any int. date at 105 and int. $25.000 of the bonds are
in denom. of $100, rest being $1,000 each. Notes of 1912 and
1914
are
callable as a whole at 100 and int. on any int. day on 30 days' notice. No
further mortgage can be placed on property without equally securing
both
these issues of notes with the other obligations to be secured
thereby.
V. 98 p. 1608.
Dividends.-On present 2d pref. (formerly "pref."), in 1905,
in
1906, 5%; in 1907. April, 2%; none to Oct. 1909, when 2% 2%;
was paid;
1910. April, none; Oct., 1%. In 1911 to 1914,5%.. In 1915, April,
%
EARNINGS.-For 12 mos. ending June 30 1915, gross, $1,968,304;
net, after taxes,$822,830;int.,$366,608;sink.fund,$34,465; sur.,$421,757.
ROAD.-Owns and operates 67.28 m. of track in the city of Dallas and
suburbs. 200 cars. Standard gauge.
OFFICERS.-Pres., Marshall M.Phinney; V.-Ps., Robert T. Paine 2d,
Robert Haydock and B. A .Pratt; Treasurer, Henry B. Sawyer;
Chester M. Clark, Gen. Mgrs., Stone & Webster Mgt. Assn. Secretary,
41, 224. 778: V. 91. p. 945; V. 93. p. 871; V. 94. p. 416. 910; -V.89, p.
1472, 1541; V.96,P. 1772; V.98, p.839, 1608; V. 100, p. 641. V.95,P.113,
TEXAS TRACTION CO.-A trolley road.
ORGANIZATION.-Incorporated in Texas on Sept. 25 1906. Franchises
expire in 1956 on streets and highways; rest of road built
on private right
of way.
On April 16 1911 the Texas Traction Co. acquired all the properties of the
Denison & Sherman Ry. Co., consisting of an Interurban railway between
Sherman and Denison and city lines In both those cities. V. 92. p.
In Dec. 1914 entered into a 30-year contract with the Texas Power463.
& Lt.
Co., under which electrical energy is supplied for the operation
of the
interurban railway lines. V. 99, p. 1915.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Common,$2,000,000 ($100)$2,000,000
Pt,$1,000.000,6 s cum ($100)
1,000,000 See text
First inortgage sinking fund, 1907 5 g J-J
2,166,000 Jan 1 1937
$3,000,000 ($1,000)gc*Scrtf Int. at Old Colony Trust Co.. Boston,
Trus.
2d mtge, $500,000 ($1,000)tf 1911
8 A-0
400,000 April 1 1916
Int. at Guaranty Trust Co., N. Y.
Den & Sher first mortgage, 1902 6 J-J
307.000
1 1927
$350.000 ($1,000)..._.. c*tf Int. at Harris Trust & Say. Bk.,July
Chic., Trus.
Den & Sher second mortgage
$ ,
„
_
t Int. at Central Tr. Co. of Ili., Chic., Trustee
Bonds.-Remaining-$8;ii,000 Texas Trac. 1st M. bonds are
reserved for
future insists. and extensions. Bonds
be called at 110 and accrued int.
on any int. date upon 30 days' notice. can
A sinking fund of 5% of gross earnings began July 11912.to be used in the purchase of bonds;
$146,000 held
In sink, fund and is incl. in amt. outstanding
above. Texas Trac. 2d M.
bonds can be called on any int. date at par and int. Don.
& Sher. 1st M.
bonds are subject to call on July 1 1917, or after,
105
at
and int. on four
weeks' notice. A sinking fund began July
of 2% per annum of
bonds out until 1913, when amount payable 1is 1905
3% per annum until 1917;
from 1918 to 1922, incl.,4% per annum; 1923 to 1926,
incl.,5% per annum;
$82,000 are held in sinking fund, incl. in amount outstanding
$3,000
canceled. Den. & Slier. 2d M. bonds are red. at par on anyabove;
int. date on
30 days' notice.
div. on pref.-1M %-paid Mar. 15 1911; July. 1M
Nov., 1M %; none to Mar. 1914, when 1Si% was
paid. Juno 1914, 1Si %;
none since.
EARNINGS.-For year ending Dec.311914. gross, $676,096; net,
$223,351; int. and taxes, $184,570; surplus, $38,781. In 1913,
net, $297,432; int., taxes, &c., $181,819; surplus, $115,613.gross, $720,926;




37

ROAD.-Operates an Interurban line between Dallas and Denison, 76.39
miles, of which 3.45 miles are over tracks of Dallas Consolidate
d St. Ry.,
2d main track, sidings and turnouts, 6.38 miles, and local street car
lines
in Sherman, Denison and McKinney, Tex., incl., sidings. &c., 9.69 miles,
total mileage, 92.46. Gauge 4 ft. SiSi in. 70-80-lb. "T" rail. 59 cars.
OFFICERS.-Pres., J. F. Strickland; V.-Ps., Osce Goodwin, R. B.
Richter, J. S. Heard, W. R. Brents; Treas., H. I. Gahagen;
Sec., Jas. P.
Griffin.-V. 84, p. 627; V. 87, n. 98; V. 88, p. 824;
V. 92, p. 463, 1567;
V. 93, p. 1192, 1535; V. 99, p. 1 11.
SOUTHERN TRACTION CO.-A trolley road.
ORGANIZATION.-Incorp.
Mar. 27 1912 in Texas. A new line
from Dallas to Waco (about 100on
miles)
put into regular operation on
Oct. 18 1913 (V. 97, p.1205,1116). Thewas
branch from Dallas to Corsicana
(34 miles) was put in operation Jan. 1 1914.
Has taken over the Waco Street Ry. Co., which company had acquired
in
1911 the Citizens' By. Co. Owns
operates entire street railway business In Waco. Also owns real estateand
in heart of business district of Waco.
In Oct. 1912 acquired, free of all liens,
&c.the Dallas Southern Traction
Co., 31 miles. between Dallas and Waxahachie
, placed in operation Oct. 3
1912. V. 95, ro. 968. The Southern Traction Co.
then increased the auth.
amount of its first mtge. from $7,500,000
to
$10,000,000
.
On Feb. 1 1913 acquired physical properties of Corsicana
Transit Co.. a
3k-mile street railway.
In May 1912 entered into a 50-year contract with the Texas Power
&
Light Co., under which the latter
will supply,all the power for
the Southern Traction Co.'s lints. company
V.
94,
1567.
p.
In Nov. 1911 subscriptions were received at $85
per $100 share for 7%
pref. stock; payments to be made 10%
demand,30 days after construction has commenced, remainder in 10%oninstallments
as called at least 30
days apart. V. 93. p. 1164.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$5,000,000 ($100)$5,000,000
Pf,$2,000,000($100)(See text) _
2,000,000
First mtge,$10,000,000, gold 1912 5,g J-D 1 6,000,000
June 1 1942
($1,000)
c*tf Int. at St. ouis Union Tr. Co., St.
L., Trus.
Second mortgage, $500,000 tf 1912 5 J-D 1
500.000 June 1 1942
($1.000)
c* Int. at St. Louis Union Tr. Co.,St.
L..Trus.
Stock.-Pref. stock is 7% cum. from one year after road is in operation.
$292,000 of the pref. stock is trusteed for the benefit of the company.
Bonds.-Remaining $4.000,000 1st M. bonds are for extens. and impts.
under certain restrictions. Both 1st and 2d Mtgs. subject
call at 102M
and int, on any Int. date on or after June 1 1915 and also forto
sinking fund on
or after Oct. 1 1918 at same price. Bonds to be held alive in
sinking fund.
Sinking fund of I% per annum of bonds out begins in 1918. V.
95, p. 421.
Interest is payable at office of trustee or in New York.
EARNINGS.-For year end. Dec. 31 1914, gross, $1,136,334; net,
$421,703; int. & taxes, $367,286; surplus, $54,417.
ROAD.-Owns and operates 96.89 miles from Dallas to Waco, Tex., and
from Dallas to Corsicana, 56.19 miles; sidings and turn-outs,
incl. connecting lines, 8.42 m.: local lines in Waco, Corsicana and Waxahachie
, incl.
sidings and turnouts, 22.96; total, 184.46 miles (incl. 6.53 m. of track
in
Dallas operated under trackage right). Rails, 70 and 80-lb. T rails. Cars,
22 interurban passenger motors and 10 trailers; 6 express motors and 2
trailers; 4 suburban pass. motors; 48 city cars; 3 work motors and 12
flat
and ballast trailers. Total, 107 cars.
OFFICERS.-Pres., J. F. Strickland; V.-Ps., Osce Goodwin, R. B •
Stichter, C. W. Hobson, J. Lee Penn, F. N. Drane, W. J. Neale; Treas.,
H. I. Gahagan; Sec., Jas. P. Griffin.-V.94, so. 1187, 1567; V. 95, p. 421.
968, 1274; V. 96, p. 286; V. 97, P. 1116, 1205.

DANBURY, CONN.
DANBURY & BETHEL STREET RY.
ORGANIZATION.-Incorp. May 7 1886 under the laws of Connecticut.
Has a perpetual special charter, the only street car company
serving the
city of Danbury and town of Bethel. Its lines also extend to the
Danbury
Fair Grounds and the pleasure resort of Lake Kenosia.
STOCK AND BONDS- Date.
Interest. Outstanding. Last Div.,&c.
Stock, $623.000 (Par $25)-J-J
$320,000 Jan '12, 2%
First & ref mtge $600,000 1913 5 g M-N
350,000 May 1 1943
($500 and $1,000) n s f__c* Int. at American Trust Co.. Bos.,
Trustee.
Consol mtge. 8300.000. gold 1906 5 g M-N
100,000 May 1 1936
($500 and $1,000)___
Int. at American Trust Co., Boston,Trustee.
Debenture bonds, $75,000 1908
iss-s
75,000 Mar 1 1918
($1,000 and $500)
c Int. at City National Bank of Danbury.
Debenture bonds. 11150,000__ 1911
75.000
Jan 1 1921
Bonds.-The 1908 dabs. are red. at 105 on any int. date after
due notice. Of the 1911 dabs., $75.000 are reserved for like amount
dabs, of
1908. Of the 5s of 1913, $100,000 are reserved to retire a likeof
amount of
eonsol. 5s and $150,000 for retirement of the two debenture issues.
Dividends.-In 1896-97, 4%; in 1897-98, 4%; in 1898-99, 2%; in 18991900.
%; in 1900-01, 13.'7; in 1901-02, 3%; in 1902-03, 3%; in
1903-04, 1Si %; 1907 to 1911, incl., 4% ann.; in 1912, Jan., 2%;
none
since.
ROAD.-Trolley road in Danbury, and from Danbury to Bethel, and to
Lake Kenosia, 15.031 miles in all; sidings, &c., 1.044 miles; total, 16.075
miles. 42 passenger and 7 other cars. Standard gauge.
REPORT.-For year ending June 30:
Gross.
Net. Int. &Taxes. BaL,Sur.
1913-14
$136,111
$33,119
$40,498
$7,378
1912-13
139,533
31,910 •
35,591
3,684
OFFICERS.-Pres.& Gen. Man.,John Sanders; Sec.& Trans.. S. W.C.
Jones.-V. 86, p. 1159.

DAYTON, OHIO.

CITY RAILWAY CO.-A trolley road.
ORGANIZATION.-Chartered May 12 1893. Is a consolidation of the
Dayton Street RR.. the Dayton Sz Soldiers' Home
the Fifth Street
RR. Franchises run for 50 years from Feb. 8 1892 and
RR..
April 19 1893. ,
In April 1911 paid a special dividend of $9.09 1-11 per share on .corn.
stock, applicable at option of holder to purchase of additional corn. stock.
V. 92,p. 1178.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$2.400,000 ($100)
$2,400,000 June 15,1M
Q-M
Preferred, 3600.000 (8100)___
6 Q-M
600,000 June'15.134
Bond issues have been paid off.
Dividends.-67 per annum IS being paid on pref. On common, in 1900
to 1903. Incl., 8%; also 16 2-3% ($250.000 in new stock at par or in ss,shy:
declared Nov. 1903, paid Jan. 1 1904; in 1904 6%;in 1905. 6S4 7
0;1906 to
1910, incl. 7% per annum; in Feb. 1907 paid a special dividend
of 5%
• a. is '1590); in 1911, Jan. 134%; April,
and special div. of
9.09 1-11.(see above); July, 1 %,%s Oct., 14%:134%
in 1912,
134%. In
Mar. 1912 began paying divs. Q.-M. Instead of Q.-J. and Jan.,
on Mar. 31 paid
134%;June,2%;Sept.. 2%;Dec.,2%. In 1913,8%. In 1914.
Mar..2%;
June, 2%;Sept., 2%; Dec., 134% (V, 100, p.53). In March
1915, 1M %;.
June,
%.
EARNINGS.-For calendar year 1914, gross, $669,823; in
1913. $651,504; in 1912, gross, $659,844; in 1911, gross,
$652,125.
ROAD.-Controls and operates in all 36.85miles track
namely: Third'
Street Line, Fifth Street Line, Green Line, Kammerof'
Line and Dayton
ds Soldier's Home Line. Gauge 4 ft. 834 in.; railsAve.
70 and 80-lb. T and
70 and 90-lb. girder; operating 42 G. E. 67 and 50
G.
E.
800
motor equipments; 124 cars and 3 sprinklers.
OFFICERS.-Pres.. E. D. Grimes; 1st V.-P., C. B. Clegg; 2d
V.-P.
B. J. Barney; 3d V.-P., G. G. Shaw; Sec., M. Hall; Gen. Supt.
& Purch.
Agt., T. E. Howell. Office, Western and Auburn
Ayes., Dayton.-V.83.
p. 1590; V. 92, p. 1178, 1564; V. 99, p. 1909; V. 100,
p. 53, 1256.
DAYTON COVINGTON & PIQUA TRACTION.-A trolley road.
ORGANIZATION.-This was formerly
as the Dayton Sz Troy
Traction, but name changed to the aboveknown
in Aug. 1901. The D. & T.
Traction was Incorporated in Ohio in Jan. 1900
to build a street railway
from Dayton to Troy, but route was changed,
and road constructed from
Dayton to Covington and Piqua, about 38 miles.
Company acquired the
right to use the tracks of the People's By. in entering
city of Dayton.

38

ELECTRIC RAILWAYS

[VOL. lot

INDEX.-V.94, p.413, 1383, 1763; V.96, p. 1863,1628; V.97, p. 236.
298, 594, 1115; V. 98, p. 1071, 1156; V. 101, p. 130.
(2) Denver Tramway Co.-Operating Company.
The Denver & Northwestern Ry. owns $9,000,000 of the common stock.
ORGANIZATION.-Incorp. March 30 1914 in Colorado as successor
to the Denver City Tramway Co., which had previously absorbed the Denver Tramway Power Co. and the Denver Tramway Terminals Co. Owns
entire $500,000 stock of the Consolidated Securities & Investing Co. (in
corp. on the same date to succeed the Denver Realty Co., Boulevard Real
Estate Co.and Denver Excursion Co.), which in turn owns all the outstanding stock and bonds of the Denver & Inter-Mountain RR. See plan of reorganization under "Denver & Northwestern Ry." in V. 98, p. 1156.
Franchises.-Operates within the city of Denver under a general franchise
granted Feb.5 1885. Also under a 20-yr. grant voted by tax-paying electors
of the city in May 1906, which authorizes it to maintain three-rail tracks,
gauges 3 ft. 6 in. and 4 ft. 831 in., over all its present lines within the city
and permits the construction of certain viaducts and extensions. See deDAYTON & TROY ELECTRIC RY.-A trolley road.
cision in V. 84, p. 220. Under decision of the U. S. Circuit Court of ApORGANIZATION.-Incorp. 1900. Is built on both public and private peal on Nov. 11 1912 the franchise of 1885 was held valid, the Court deright of way. Completed in Dec. 1901. Rails, 70-lb. P. Power house ciding that in view of the franchise of 1906 it was unnecessary to pass upon
located at Tippecanoe City, Ohio. Stock, $500,000 ($100) corn. auth. and the duration of the older franchise at that time. The company claims that
Issued and $800,000 ($100) 5% cum. pref. auth.; $647.200 issued. Ohio its franchise is perpetual. See decision in V. 95. p. 1472.
Public Service Commission has granted permission to issue $300,000 5%
Tax Settlement.-For settlement of dispute between the city and the
cum.pref.stocki(3147,200 issued) to pay outstanding bills for impts. already company over taxes for the years 1912, 1913 and 1914,see V. 101, p. 370.
made; V. 95, p. 1744. No bonds contemplated. In May 1902 took over
Intest Outstanding. Maturity.
te.
STOCK AND BONDSMiami Valley Ry.under 99-year lease at a rental of$9,600 per ann.. which Is Common
_ __
---$10, _
stock $10,000,000-----------applicable to stock of $300,000, mortgage having been canceled.
See text
cum)
(7%
stk
Pref
$3,000,000
2,500,000 Apr 1 1919
Dividends.-On the pref. stock 5% per annum is being paid. On corn., Cony gold bonds $3.000,000i 1914
6 g A-0
in
none;
1908,
Jan. 1 1904, 2%; in 1905, 6%; in 1906, 6%;in 1907, 2%;in
Int. at Columbia Trust Co., N.Y.City.
$1,000)
&
$500
($100,
gold
885,020 May 1 1932
1909. 5%;in 1910.6%;in 1911,5%;in 1912. Mar., 131%. In 1913, Sept.. Deny & N W Ry 1st & coil M 1902 5 g M-N
New York.
%. None tirereafter to Sept..
%. In 1914. June,
Dec.,
g $6,000.000 ($500 and{Int. at Bankers Trust Co.,
c5
trustee; also office of co. in Denver.
1915.
$1,000)
notice.
90
on
days'
int.
and
net.
$86,004:
105
Red.
at
EARNINGS.-For calendar year 1914, gross, $296,289;
5 g M-N 11,282,875 Nov 1 1933
deductions, $34,182; divs., $38,525; surplus, $13.297. In 1913, gross, Den City Tr Co 1st & ref M 1908
$25,000,000 g ($500 and Int. at Bankers Trust Co., New York,
$298 -14; net. $96,433; deductions, $.11,729; divs., $50.918; surto, ¶3.786.
and in Denver.
trustee,
fund__c*tf
sinking
$1.000)
ROAD.-Owns and operates 36.29 miles of track (10.03 m.double, 11.19
2,000,000 Apr 1 1919
5 g A-0
City Tram purchase 1899
miles single, 5.04 miles sidings) between Dayton and Troy. Leases the Deny
Trust Co., N. Y., trustee.
Central
at
Int.
$2,000,000
g
mtgo
money
Miami Valley Ry., extending from Troy to Piqua, including the local line
31,000)_c*tf
($500 and
in Piqua, comprising 14.03 m. of track (4.59 m. single, 2.71 m. double, Deny
1,167.000 Oct 1 1933
5 g A-0
Cons Tram cons mtge 1893
0.71 m.sidings and 3.31 m.local in Piqua). Total in single track, 50.32 m.
..ntflInt.at Bkrs Tr.Co.,N.Y ,trustee & in Denver
$4 000 000 geld
0
L.
Sec.,
1,170,000 Apr 1 1923
Clegg;
B.
Chas.
-P.,
A-0
g
V.
5
Clegg;
1903
impt
,
P.
H.
1st
OFFICERS.-Pres.
mtgef
Deny Tr Pow
Denver, trustee,
Clegg; Treas. & Gen. Mgr., R. A. Crume; Aud., F. Sprague. General
$1,500,000 g ($1,000) gnarl Int. at Internat. Tr. Co.,New
York.
or Guaranty Trust Co.,
office, Tippecanoe City, Ohio.-V.94, p. 123; V. 95, p. 1744.
principal and interest_ ..tf
See text
1,333,000
M-S
g
5
1910
Deny Tr Term 1st mtge
Interest at Bankers Trust Co., N. Y., trus&
$1,000)
($100
g
500,000
DAYTON SPRINGFIELD & XENIA SOUTHERN RY.-Trolley.
tee, and in Denver.
.c*tf
guar prin & int
ORGANIZATION.-Incorporated in 1909 as successor to the Dayton &
Stock.-39,000,000 common owned by Denver & Northwestern By. and
Xenia Transit Co.. sold at foreclosure. Stock, auth. and outstanding. $750,000 is held for conversion of Deny. Tramway cony, bonds,the remain$200,000 corn. and $300,000 pref. Par $100. 1st M. auth. and issued, ing $250,000 being set aside for expenses of organizing Denver Tr. Co.
net,
$149,383;
$500,000. Earnings for year ending June 30 1911, gross,
Preferred stock is reserved for conversion of bonds.
$37,877; interest and taxes, $33,334; surplus, $4,543.
Bonds.-Of the bonds reported outstanding as above, $838,500 Denver
ROAD.-Owns and operates 40.47 miles of track from Dayton to Xenia City Tramway 1st & ref. 5s and $18,000 Denver Tramway Terminals 1st
and from Dayton to Spring Valley. Pres., C. J. Ferneding; V.-P., T. A. 5s are owned by. the Denver Tramway Company. Convertible bonds
285.
p.
89,
-V.
Dayton.
Ferneding; Sec. & Treas., H. L. Ferneding, all of
are redeemable at par and accrued interest on October 1 1915 on 90 days'
notice. Convertible on or after April 1 1915 until April 1 1918,
accomOAKWOOD STREET RAILWAY CO.-A trolley road.
but not thereafter, into an equal amount of 7% cum. pref. stock,
In April 1915 Major Charles B. Clegg acquired control.
panied by common in amount equal to 25% of the face value of the bonds
propits
of
sale
the
to
prior
Co.,
City
Tramway
Denver
ORGANIZATION.-Incorporated July 22 1870 In Ohio. Franchise ex- converted. Thea mtge. upon all its physical properties (other than those
pires 1941. In Oct. 1909 the Ohio Supreme Court held the franchise valid erties, executed
the
to
junior
By.
Co.)
&
Northwestern
Denver
the
to
belonging
formerly
outstanding,
and
over the objections of the City Solicitor. Stock auth.
First& Ref.S.F.Mtge.,as additional security for the 136.000,0001
$500,000 (par $100). No bonds. Operates 8 miles of track in Dayton and lien ofitsCollateral
of the Deny. & Northwestern Co., the payment
bonds
&
First
frana
granted
1915
May
in
was
Company
gauge.
Standard
suburbs.
bonds the Denver Tramway Co. has assumed.
chise for the construction of an electric railway in Oakwood. Pres. & Treas. of which Northwestern
Co. 1st & Ref. bonds are red. all 105 & int. after 1913
Charles B. Clegg: V.-P., H. P. Clegg; Sec. & Gen. Mgr., Henry Gebhart, Denver City Tr.
at 1023 & int. on 60 days' notice. Sinking
thereafter
1923;
1
Nov.
to
up
1438.
p.
100,
all of Dayton.-V.
11923;
fund of 1% of bonds out begins Nov. 1 1914 until and incl. Nov.
thereafter 2% of bonds out. The Deny. Tr. Pow. Co. 1st Impt. Mtge.
bonds are subj. to call any int. date at 105 and int.,sinking fund of $50,000
per annum, to retire bonds at 105 and int., commenced in 1908, and 3330.DECATUR, INDIANA.
000 have been retired. Int. payable in New York and Denver. The reFORT WAYNE & SPRINGFIELD RAILWAY CO.-A trolley road. maining Deny. Tram. Term. Co. bonds are for impts. They mature
Sale-Successor.-The property was bid in at receiver's sale on Aug. 12 $60,000 annually Sept. 1 1916 to 1940. Red. as a whole on any int. day
1915 for $78,000 by 2d V.-P. Martin Gecko, representing the old security at 105 & int. on 30 days' notice. V. 98, p. 1156.
holders. The Ft. Wayne Decatur & Southern RR. was subsequently
REPORT.-For fiscal year ending Mar. 31 1915 (incl. Denver & Inter
incorp. in Indiana with nominal ($10.000) capital stock to take over the Mountain RR.) See report in V. 100 p. 2162:
$32,295
road. V. 101, p. 845.
$3,263,954 Other income
Gross earnings
$1,333,070
$1,683,960 Gross income
ORGANIZATION.-Incorporated July 2 1903 in Indiana. V. 86, 1%.• Operating expenses
1,010,765
279,219 Deductions
1042. Private right of way between Ft. Wayne & Decatur. FranchiSe for Taxes & franchise pay'ts_
50 years in Decatur, 28 years in Ft. Wayne. See V. 89, p. 162.
$322,305
$1,300,775 Balance, surplus
Interest. Outstanding. Maturity. Net earnings
STOCK AND BONDS- Date.
F-A
$676,300 See text
ROAD AND EQUIPMENT.-Including the Denver & Inter-Mountain
Common $1,000,000($100).-miles of
are
213.74
209,000 April 1 1930 RR., owns 252.91 miles of electric track, of which there
First mortgage $1,000,0001 1910 5 g A-0
c*!Int. at Cleveland Trust Co.,Cleve., Trustee. city lines and 39.17 miles of interurban lines; gauge, 3 ft. 6 in. and 4 ft.
gold ($500)
misc,
total,
620
227
cars;
141
trailers,
cars,
passenger
85,6 in. 252 motor
Bonds.-Are subject to call at 105 on any interest day.
cars. All freight equipment leased to Denver & Inter-Mountain RIt.
Dividends.-In 1907, 2%; in 1908, 4%; in 1909. 4%; none since.
Co. Capacity of central generating plant, 9,500 k. w. 5 sub-stations, two
EARNINGS.-For year ending Dec. 31 1914, gross, $52,282; net, after of 1,500k. w. each, two of 1,000k. w. and one of 900k. w. V. 98,P. 1993:
taxes, $4,270.
V. 100, p. 2162; V. 101, p. 370.
ROAD.-Operates 21.6 miles between Decatur and Ft. Wayne. Total
(3) Denver & Inter-Mountain RR.-Operating Company.
track, 23.7 miles. 70-lb. T rail; gauge, 4 ft. 83,i in. An extension from
The Consolidated Securities & Invest. Co.owns all the stock and bonds.
Decatur to Berne (12 jiles) is being constructed.-V.86, p. 1042; V. 89, p.
ORGANIZATION.-Incorporated in Colorado about Oct. 29 1907 as
162; V. 90, p. 1101; V. 98, p. 522; V. 100. p. 1168; V. 101, p. 845.
Inter-Mountain By., but on April 2 1909 changed name to present title.
Private right of way. Franchises in Denver and Golden are perpetual.
Has freight traffic agreements with Denver Tramway Co. and arrangeDELAWARE, OHIO.
ments for interchane of transfers on Denver City lines; also contract for
RY.
&
use of Tramway Co. s tracks in entering Denver.
NORTHERN
COLUMBUS MAGNETIC SPRINGS
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
ORGANIZATION.-Incorporated in Ohio on Oct. 15 1906, and is a
31.000,000
consolidation of the Delaware & Magnetic Springs By. and the Richwood Stock, $1,000,000 ($100)_ 5 g J-J
500,000 Jan 1 1938
& Magnetic Springs Ry. Private right of way except in City of Richwood. Inter-Mountain By,1st mort-{ 1908
Trust Co., Denver,
at
($100
Interest
Continental
$750,000
gage,
gold,
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
tf
Trustee, or Bankers Trust Co., New York.
and $1.000)
$130,000
Common,V200,000($100)on any interest day after 1913.
105
at
callable
are
Bonds
100,000
Prof. 6% n-c, $200.000_
ROAD, EQUIPMENT, &c.-Incl. in Denver Tramway Co.-V. 94,
5 g M-N
250,000 Nov 1 1931
OMS&N 1st M,$400,000,g{ 1906
41.000), cannot be called, Interest at Colonial Trust Co., Pittsburgh. P. 207; V. 97, p. 1203; V. 98, P. 1156.
Trustee.
and no sinking ftmd_c*tf
EARNINGS.-For year ending June 30 1915, gross, $26,909; oper. exp.,
DERRY, PA.
$21,834; net, $5,075; taxes, $2,535; not, after taxes, $2,540.
ROAD.-Operates 18 miles of track from Delaware to Magnetic Springs
WESTMORELAND COUNTY RAILWAY CO.
and Richwood.
ORGANIZATION.-Incorporated in Pennsylvania on Dec. 27 1901. Is
OFFICERS.-Pres., W. M. Galbraith, Pitts.; V.-P. and Treas., C. a consolidation of the Bradenville & Derry Street By. and the Blairsville &
Magee Jr., Pitts.; Sec.. Chas. J. Fifer, Richwood,0.-V.83, p. 1228, 1469. Derry Street By.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$500,000
Stock,$500,000($50)
5 g M-S
207,900 Mar 1_ 1935
DENVER, COL.
First mortgage, $250,000, gi 1905
c*1Int. at East End Say.& Tr. Co., Pitts., Trtts.
($100)
THE DENVER TRAMWAY SYSTEM.
Bonds.-No sinking fund, and bonds are not subject to call.
(1) Denver & Northwestern Ry.-A holding company.
EARNINGS.-For year ending June :30 1914, gross. $49.524; net.
ORGANIZATION,&c.-In Mar.1913 a syndicate headed by Boettcher $14,978; int. and taxes. $13,868; surplus, $1,110.
Porter & Co. of Denver acquired a controlling interest through purchased
ROAD.-Operates 7 miles of track.
the stock (about $1,600,000) held by Marsden J. Perry of Providence,
OFFICERS.-Pres., John E. Potter; V.-Ps., F. Wm. Rudell and J. A.
this purchase making its total holdings about a 75% int. V. 96, p. 863.
S. Calvert; Treas.,J. G. Vilsack, all of Pittsburgh* Su t
This company, since the plan in V.98, p.1156, went into effect„ is simply McComb;Sec., II.
being the $9,000.000 common S. F. Schwerdt, Derry.-V.82. p 50.
a holding company, practically its only asset
as
security for the $6.II
stock of the Denver Tramway Co., which is pledged
liability being $6,000,000
000,000 1st & Coll, bonds of this co., and its onlythe
public, the payment of
IOWA.
of its capital stock outstanding in the hands of
MOINES,
DES
Its bonds having been assumed by the Denver Tramway Co.
DES MOINES CITY RAILWAY CO.-A trolley road.
Maturity'
STOOK AND BONDS.- Date. Interest. Outstanding.
acquired practically all the
Chicago
of
Harris
W.
N.
In
1911
March
$6,000,000 July'15,%%
Q-J 10
Stock $6,000,000($100)______
stock not previously owned by him of the Des Moines City By. Co.and
First and collateral mtge (assumed by Deny.Tram. Co.-see below).
of its allied corporation, the Inter-Urban By. Co. V. 92, p. 794.
Dividends.-Prior to July 1909 dividends were at rate of 6% per annum.
Default.-Interest due April 11015 on the ref. M.5% bonds of 1901 is in
In July 1909 quer. div. was increased to 2% and same amount paid quar- default, due primarily, it is stated, to the company's inability to issue bonds
terly to July 1913. In Oct. 1913 rate was reduced and 1% was paid to reimburse it for expenditures for improvements and additions because
(V. 97, p. 1115). Same rate quer. to and incl. April 1915. In July of the franchise litigation (see below). As a consequence a floating debt of
about $1,200,000 has been incurred, payment of which has been demanded.
1915 rate was further reduced to 3 of 1%.
A bondholders' committee has been formed and deOFFICERS.-Pres., S. M. Perry; V.-P. & Gen. Supt., John A. Beeler; See V. 100, p. 1348.
posits have been called for. V. 100, p. 1672.
Sec. & Treas., P. G. Moffat; And.. W. A. Doty.

Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$600,000
Stock auth, $600,000 ($100)
550,000
Pref. 5% n-c. $550,000 ($100)
490,000 April 1 1922
5 g A-0
First mortgage, $550,000, gt 1902
c* ntf Int. at Old Colony Tr. Co., Boston, Trustee.
41,000)
60,000 Sept I 1919
6 g M-S
Second mortgage, $60,000_ nt ___
Bonds.-$60,000 1st mtge. bonds are reserved for extensions and Imint. date at 105.
any
on
call
to
subject
provements; 2d mtge. bonds are
EARNINGS.-For year ending June 30 1915, gross, $147,512; net,
$51,520; interest and taxes, $41,025; surplus, $10,505.
ROAD.-Total track 38 miles. Standard gauge. 70-1b. T. 80 and 90lb. girder rails. 10 passenger cars. 2 express cars and 5 other cars.
OFFICERS.-Pres.,D. Dwyer; V.-P.& Gen. Mgr.,Thos. T. Robinson;
Supt., T. J. Brennan.-V.77, p. 146.




SEPT., 1915.1

ELECTRIC RAILWAYS

39

MAP OF THE

DETROIT UNITED RAILWAY SYSTEM
o

INCLUDING

0

Applega

DETROIT & PORT HURON SHORE LINE RY.
(RAPID RAILWAY SYSTEM)
SANDWICH., WINDSOR SL AMHERSTBURG BY.
THE WINDSOR & TECUMSEH ELECTRIC BY. CO.
DETROIT, MONROE & TOLEDO SHORT LINE BY.
DETROIT, JACKSON & CHICAGO BY.
DETROIT, ALMONT & NORTHERN R. R.
"\•

Croswe

0
Blaine

s

Atkins

Melvin.,,,• Yale

CliffVd
Brown C;.

Sarnia

PERE

POR

mAR0
Err.
,
Vassar

\‹. Lynn.
S
Kings Millso
Goodland

RO

• Avoca

0
y
Mt. Salem
Emmett

rt Huron
alt Co.

IC*
all
Burns.
4,e-s"
Wales

Otteriltice
Lamb

4

IMLAYtITY

Martin
I3erville
‘•
omktis

Ottisville

•

Carlton
Idlewild
Summerville
ST. CLAIM
The Oaklan
.4Col.Iron Wks.
4/44

rysville
g ,Is/tind

tor
r Road

4%
.

Flint River Jc.

v0

.
cp
FLINT
Otterburn
Grand Blanc
Swartz Creek
.ST Crapo Farm
Duffield
7/Dui•V

GRAND

MENS
side
pie Club

A

0
\ Holly
Fenton

L.

TRUNK

Davisburg

, S4aines

Drayton.Plains

'
Rosy Cen.
c, Clyde

Bryon

fferson Beach
nse Creuse
k Riqer

L

T.

C_LAIR

Sylvan Lak
Cass L
0RC
L

airview
osse Pt.
•

rove
ti
N.F rmington

ifland

S

Oak Grove

L

I

c•
WALKERVILLE

ARM INGTON

V

Wixom
-r

Howell

\

aidsto

ee.1
44.

S

o losco

INDSOR

NAH
-tsin

,Fowlerville

5.•

P6RE Brighton0
Chilson
Pettysville
Hamburg Jc.
Han up
Pinckney • r.A•

SSW(
Center

Dearbor
Inkster

lye
ouge
Eco
W ANDOTTE

Vregory
ANN ARB•
Stockbridge
\
Munith
.t9

A

sV

Lima

T

Chelsea
4r'

SALINE

Roots
t

,.'
....




, /
‘
' l'Pe-0
2'
'

Newport

Gra (on
.
I

reek

/c
,../.- ' I 111
...""\1
'
\ Dundee
Britton

MONROE
(
4—

La Sall

Tecumseh

,
Jerome

W\

4\''''.
Manchester
o

.

r

woo
4/

Waltz.

Milan

rass`Lr.' '

AddNon

A

Whitta
Ura a

Fredonia 0

'rancisco
Van Iorns
JACKSON

cr' Belden

Willis

ADRIAN

\

Blissfield
Palmyra MICH. Riga 8ou

Al
TOLEDO

40

ELECTRIC RAILWAYS

[VOL. 101.

this the company refused to accept. On the basis of a payment of $24,900,000 or the assumption of mortgage debt of the same amount, the stockholders would own the equity in the remaining 598 miles of interurban
lines, subject to $10,640,000 of underlying liens. The $2,000,000 coll.
trust notes duo Feb. 5 1916 would also have to be provided for, Lott the
company holds $2,346000 of its own and subsidiaries' bonds in its treasury
whichcould be used, if necessary, for the purpose. On April 30 1915 an
agreement was reached whereby the Purchase price is to be fixed by the
Wayne County Circuit Judges, s.tting en bane. A contract was accordingly drawn up and approved by the Board of Street Railway Commissioners on July 26 1915 and by the stockholders on Aug. 2 1915, under which
the city is to assume the payment of outstanding mortgages up to the
claimed limit of its power under the constitution and laws of Michigan,
viz.•. 2% of the assessed value of the taxable property within the city
which would amount to about $11,000,000, and the remainder of the
mortgage debt up to the limit of the price fixed by the court, to be provided
for by the creation of a sinking fund out of the earnings of the ioroperty to
be taken over by the city, so arranged that the total amount shall be paid in
1932, when the company's consol. mtge. matures. Any excess in price
secured in the same way and
above the amount of mortgage debt Is to bebe
submitted to a vote of the
payable at the same time. Contract must
it becomes binding upon
before
electors
the
of
60%
by
approved
people and
the city, which then has 60 days after the vote before beginning suit to
been sot as the date for
has
1915
2
Nov.
614.
Maturity.
p.
Outstanding.
Interest.
101,
Date.
V.
price.
BONDS—
the
fix
AND
STOCK
submission to the electors of the necessary charter amendments in connecCommon,$3,000,000($100)--055,000
-250,000
-__tion with the contract. V. 101, p. 694.
Pref,6% non-cum,3250.000 -----227.000 Oct 1 '15 to
Temporary Agreement with City.—On Aug. 8 1913 the Common Council
Des Moines Street RR 1st M, 1889 6 g A-0
Oct 1 1919 rescinded the ordinance adopted Oct. 26 1909 fixing the rental on lines On
(See text)
ntf
gold ($1,000 each)
Cont.&Comm .Tr .&Say .Bk.,Chic.,trustee. which franchises had expired at $300 per day, and adopted the recommen260,000 Jan 1921
dation of Mayor Marx for a temporary agreement for the settlement of
Des Moines Sub Ry 1st mtge, 1890 6 g
(V. 97. p. 443):
gold ($1,000 each)e_nti Interest at Chemical Nat Bank, N Y City. existing differences, I. e.into
effect Aug. 15 1913) of 7 tickets for 25 cents
Trustee,Iowa Loan & Trust. Des Moines.
1. A rate of fare (put
single cash fares with right of transfer, workingfor
cents
1923
1
5
May
linos,
4,000
ntf 1893
on all city
6%
Des Moines City By
2,413,000 April 1 1921 men's tickets (unchanged) at 8 tickets for 25 cents for two hours each
5 g A-0
Des Moines City By refund'gI 1901
mtge, $3,000,000, gold lInt, at Harris, Forbes & Co.. N. Y.; also morning and evening.
Harris Tr.& S.Bk.. Chic. Trustee. Ill. Tr.
c* n tf
2. The proposed crosstown line on or near Junction Ave., to be construct($1.000)
ed: also connect the Mack Ave. and Myrtle Ave. lines, as proposed, and
& Say. Bk.and Wm.H.Henkle of Chic.
extensions (see V. 97, P. 443)•
other
Bonds.—Of the refunding mtge. bonds of 1901. $487,000 are reserved
for Fort St. line privileges since July 24
3. $75,000 to be paid to the cityIt
to retire the underlying 6s outstanding. Of the $2,413,000 5s reported 1910;
is claimed by the City Treasurer that
to pay all back taxes.
also
deposited
been
have
$5,000
and
outstanding, $179,000 are in the treasury
$500,000.
aggregate
taxes
back
the
with Illinois Trust & Savings Bank to be held in lieu of the $4,000 Des
payment of$300 per day in considerthe
of
relieved
be
to
4. The company
Moines City Ry. 6s still out. Bonds can be called on any int. date at 106
of the foregoing.
and int. Sink. fd. $10,000 yearly on April 1 from 1906 to 1910, $15.000 ation
shall not be impaired by this
railway
the
or
city
of
rights
existing
The
5.
from 1911 to 1915 and $25,000 from 1916 to 1920. The remaining bonds temporary
agreement. V. 97, p. 443.
may only be issued to pay for not exceeding 80% of cost of extensions, proS. Supreme Court decided to hold in abeyance for
U.
the
1914
16
Oct.
On
bonds
all
upon
charges
viding net earnings are 50% in excess of interest
pending before it for 18 months, in the
one year the suits which have been litigation.
See V. 99, p. 1214.
outstanding, including those to be issued. The Des Moines Street RR. one-fare
and workingmen's ticket
1st M.6s are due $25,000 annually from Oct. 1 1914 to Oct. 1 1918 Ind.
Applied For.—In July 1914 the company applied to the
Securities
New
new
securities of the Detroit
issue
and $100,000 due Oct. 1 1919.
to
permission
for
Commission
RR.
State
Toledo Shore Line Ry.
REPORT.—For year ending July 31 1915, gross. $1,368,163; net, after & Port Huron Shore Line Ry., Detroit Monroe &
for improvements (V. 99,
taxes, $422,967.
and Detroit Jackson & Chicago By., to provide
Is requested in order
appraisal
an
but
mentioned,
is
amount
ROAD.—Operates 95.15 miles of track. 35 to 129-1b, rails. 137 P. 269). No
is entirely separate and disto arrive at the proper figure. This appraisal
passenger and 17 service cars.
the city of Detroit relative to the purchase of
in
way
under
that
from
tinct
OFFICERS.—Pres., Emil C. Schmidt; V.-P., E. P. Smith; Sec., 0. H. the lines by the city (V. 99, p. 342). Up to May 1915 appraisal had not
Bernd; Tress., F. M. Harris; Asst. Sec. & Asst. Treas., H. A. Dow.— yet been completed.
$323,592 (inch
V. 86, p. 546; V. 88, p. 1313; V. 89, p. 224; V. 91, p. 1574; V. 92, p. 794:
Back Taxes Paid.—On Oct. 14 1913 taxes aggregating
V.93, p.407, 588; V.95, p.818; V.96. p.947; V.98. p. 763; V.99, p. 1672; $64,814 int. at 6%) were paid to the City Treasurer in pursuance or the
130.
p.
101,
V.
1672;
1348,
443).
p.
308,
The $75,000
V. 97,
1909; V. 100, p. 54,
recent settlement with the city (see above and
V. 97, p. 1115.
for back rental on Fort St. was also paid. Court
sustained the Mich. RR.
On March 8 1915 the U. S. Supreme
INTER•URBAN RAILWAY CO.—A trolley road.
be
made between
Commission's order directing that a physical connection
ORGANIZATION.—Incorporated in Iowa to construct a system of the company's lines and these of the Mich. Central RR. at Oxford, Mich.,
Interurban roads connecting with Des Moines. The Dos Moines City By. and traffic interchanged. V. 100, p. 900.
Co. guarantees the bonds, principal and Interest.
Interest. Outstanding. Maturity.
STOCK AND BONDS— Date.
STOCK AND BONDS— Date. Interest. Outstanding. Maturity.
Q-M $12,500,000 Sept., 1915,1
Stock, 312,500.000 ($100)--_-31.160,000
Stock,$1,200,000 ($100)----43-5 g J-J 14,555_,000 Jan 1 19 2
1902
1.160,000 April 1 1921 1st consol mtge, 325,000,000,
5 g A-0
1st mortgage, sinking fund, 1901
c* Guaranty Trust Co., N. Y., Trustee. Int.
gold
Trus.
Chic.,
($1.000)
Say.
&
Bk..
&
Tr.
Comm.
Cont.
guaranteed
gold ($1,000).
at Agency Bank of Montreal.
p. & L by Des Moines City Int. at Harris, Forbes & Co., New York,and
6 F-A 5
2,000,000 Feb 5 1916
1914
Coll trust notes $2,000,000 Int.
Harris Trust & Savings Bank, Chicago.
c* ntf
By
at Central Trust Co., N. Y., Trustee.
c
($1,000)
gold
V. 95, p. 818; V. 96, p. 947.
on the New York
been
listed
bonds
have
and
stock
nited
By.
Detroit U
$250,000 Jan 1 1923
Debentures,$350,000($1,000J 1913 6 J-J
ntflInt. at Harris Tr. dr Say. Bk., Chic., Trustee Stock Exchange. $25,000.000 first consolidated mortgage bonds authorized,
and $500)
the
Bonds.—Of
Bonds.—Other bonds may be issued for acquisitions and extensions at $8,830,000 are reserved to retire underlying liens and $1,615,000 are in
not over 80% of cost and at not over $16,J00 per mile for new road, but only treasury: Entire issue or any part thereof is subject to call at any time
when net earnings equal 134 times all int. charges on bonds out and those to at 105 and interest on 60 days notice. See V. 73, P. 1111. The coll. trust
be issued. Bonds are subj. to call at 105 and int. A sinking fund of 5% notes are secured by deposit of $1,565,000 bonds of the company and $5,of bal. of annual net earns., after payment of all charges, became operative 181,000 par value of bonds and stocks of its subsidiaries. Notes are roApril 1 1906, and bonds so purchased are to be kept alive for purposes of the deemable at 102 and int. on 30 days' notice and are tax-free except as to
fund; $16,000 is held in sinking fund,included in amt.outstanding above. Federal income tax.
Debentures are red, on any int. date at 101 and int.
Detroit Electric.
Date.
Interest. Outstanding. Maturity.
EARNINGS.—For year ending July 31 1915, gross, $338,755; net,
5 g J-D
$1,650.000
1915-1924
after taxes, $86,181.
Detroit Ry 1st M.g (31,000) 1895 at
Interest
Cleveland Tr. Co., Trustee.
c*&r
Des
track
connecting
(incl.
miles
of
sidings)
ROAD.—Operates 74.76
on 50.34 miles
1,150,000 June 11016
Moines and Colfax, Des Moines and Perry, with branch to Woodward. Detroit Electric con M. $2.- 1896 5 g J-D
800,000. g ($1,000)....c*&r Int. at Cleve. Tr. Co., Trustee. As to Dec.
Standard gauge; 60 and 70-1b. T rail. 12 pass., 132 freight, 5 service cars:
1897 interest, see V. 65, p. 1219.
4 locomotives; 2 express and 2 caboose cars. Cars enter Des Moines over
Bonds.—First mortgage bonds of the Detroit By. numbered 1 to 600 matracks of Des Moines City By.
per annum, beginning Dec. 1 1912;
$50,000
at
numbers
of
ture in order
OFFICERS.—Same as for Des Moines City Ry.—V. 74, p. 680.
numbers 601 and above mature Dec. 1 1924; $150,000 have been retired.
Detroit Electric consols for $1,650,000 are reserved to retire the first
mortgage bonds as they mature.
DETROIT, MICH.
Detroit Fort Wayne & Belle Isle.
$1,200,000 April 1 1928
5 g A-0
1st mtge, gold, $1,200,000 1898York
DETROIT UNITED RAILWAY.—(See Map page 39.)—Trolley.
Trust Co., Trustee. Subject to
e*Srx Now
(31.000)
ORGANIZATION.—Incorporated in Michigan Dec. 31 1900 and took
call at 105 and int. on 60 days' notice.
By.,
the
Citizens'
Dethe
Street
of
Detroit
and
properties
franchises
over
Interest at Kean, Taylor & Co.. New York.
troit Electric By., the Detroit Ft. Wayne & Belle Isle and the Detroit Suburban. V. 72, p. 44, 183. Embraces all the street railway lines in Detroit.
Detroit & Northwestern Ry.
is
Ry.,
which
Northwestern
&
by
the
Detroit
absorbed
purchase
Later
g M-N $855,000 May 1 1921
1st mtge, $1,000,J00, gold!
known as the Orchard Lake division, the Detroit & Pontiao By., known
es Interest at Union Trust Co., Detroit, Trust.
$1.000)
(3100,
as the Pontiac division, the Wyandotte & Detroit River By., known as the
Donds,—Ara guar., p. 1., y Detroit United Ry. by end. and are subRochesthe
Detroit
&
the
Flint,
formerly
Detroit
and
division,
Wyandotte
Ieet to call at 105 and int. on 60 days' notice. See V. 73, p. 494.
ter Romeo & Lake Orion By., and known as the Flint division.
Owns entire capital stock of the Detroit & Port Huron Shore Line (Rapid
Detroit & Pontiac Ry.
in
By.
(acquired
&
Sandwich
Windsor
Amherstburg
Railway System);
$500,000 Feb 1 1922
1st mortgage, $ 00,000, gold 1897 5g F-A
Aug. 1901); Detroit Monroe & Toledo Short Line By. (acquired In Feb.
a* Washington Trust Co., N. Y., Trustee.
($1.000)
1906) and the Detroit Jackson & Chicago By. The last-named Is a roInterest at People's State Bank, Detroit.
Jackthe
By.,
&
Arbor
Jackson
organization of the Detroit Ypsilanti Ann
600,000 June 1 1926
‘Ri g J-D
con mtge, gold ($1,000), 1901
son Ann Arbor & Detroit By. and the Detroit Plymouth & Northville Ry.. 1st$1,100,000
c*&r Int. at Washington Tr. Co , N. Y., Trustee.
which were acquired in Jan. 1907. Also owns the entire capital stock of
from
1915,
years
It
the Detroit Almont & Northern RR., which leases for 60
Bonds.—$500,000 consolidated mtge..0i% bonds aro reserved to retire
and guarantees and assumes its bonds as a direct obligation, by endorsem't. like
amount of 1st mtge. bonds. Bonds are subject to call at 105 and interIn Aug. 1901 purchased 180 shares (all) of the stock of the City Electric est on
60 days' notice after June 1 1911. Principal and interest of both
By. and the People's Electric Light plant of Windsor. Ont.
guaranteed by Detroit United by endorsement.
issues
Franchise Decision.—On Oct. 2 1912 the Mich. Supreme Court, in a decicomthe
Co.
that
Wayne
held
Court,
Circuit
the
of
that
sion affirming
Wyandotte & Detroit River Ry.
pany has no right to continue to operate its cars in Fort St., the 30-year
5 g J-D
45425,000 Dec 1 1918
consol. mtge. 3425,000J 1898
franchise originally granted having expired. The Court also holds, how- 1st
cslInterest at Union Trust Co., Detroit, Trustee
gold
($1,000).
the
of
an
rate
use
fix
arbitrary
of
the
rental
for
not
may
city
ever. that the
street, but has the right to compel the company to vacate streets upon
Detroit & Flint Railway.
which franchises have expired. Suit was remanded to lower Court for
The Detroit & Flint By. was organized to acquire the Detroit Rochester
farther proceedings. V. 95, p. 890. On April 26 1913 the U. S. Supreme
Romeo & Lake Orion, together with the Nor. Dot. Elec. By. and the Dot.
Court affirmed the decision as outlined above. V. 96, p. 1556. 947.
two prop'ties.
On April 7 1913 the citizens voted in favor of an amendment authorizing Utica & Romeo By. The consol. M.Is a let lien on these last
Date.
Interest. Outstanding. Maturity.
the city to acquire by purchase or condemnation or construction, and to
$1,100,000 June 11020
own and maintain and operate street railways and to Issue bonds to pro- DRR &LO By 1st mtge, 1900 58 J-D
vide for cost thereof. See V. 96, p. 1088.
sinking fund,gold ($1,000),(Interest at American Trust & Savings Bank,
Validity of Municipal Ownership Amendment.—See "Michigan" In "State
$1,500,000; unissued bonds I Chicago, Trustee; also Guaranty Trust Co.
c*
New York.
have been canceled
and City" Department of the "Chronicle" in V. 98, p. 405.
1,400,000 Aug 11021
5 g F-A
Appraisal of Company's Property.—An inventory and appraisal of the Detroit & Flint 1st consol M.1 1901
company's property within the one-fare zone was made by Prof. Edw.W.
g, $3,000,000 ($1,000) c* Int. at Tr. Co. of America, N. Y., Trustee.
Bemis,under the direction of the Street Railway Commission,to determine
Bonds.—Of the consolidated mtge., $1.100,000 are reserved to retire
the purchase price with the city. On Dec.28 1914 the Board of Street RailLake 0. By.and $500,000 have been
way Commissioners submitted the appraisal but without any opinion or bonds of like amount of the D. R. R.&
subject to call at 100 and interest
comments. It is stated that it would cost $23.000,000, exclusive of re- conceled. Consolidated bonds areare
guaranteed by. the Detroit United
issues
Both
notice.
60
on
days'
property
the
within
ono-fare
the
to
reproduce
values,
franchise
maining
V. 76, p. 1300; as "additional collateral
zone. (The company's estimate is $32.000,000.) See V.100.p. 139, 308. By.; see form of guaranty in
consol. 4,f6 % bonds of the Detroit United
Purchase by City.—On March 31 1915 the stockholders voted to accept security" on the Flint bonds 1st
Guaranty Trust Co. of New York, and would
the city's offer to purchase the lines within the one-fare zone—aggregating are deposited, for 3, with the
of default on the Detroit & Flint bonds.
222 miles—for $24,900,000, in accordance with the plan of the Street Rail- be available in the event
REPO RT.—Annual report of the Detroit United By.for the year ending
way Commission as outlined in V. 100, p. 811, but on April 20 the Commission made an amended offer lowering the price stated in the first, and Dec.31 1914 was published in V. 100, D. 550.

Receivership.—President Emil G. Schmidt was appointed receiver by
Judge Wade in the U. S. Dist. Court on July 3 1915 on application of the
trustees under the mortgage of 1901. V. 101, P. 130.
ORGANIZATION.—A consolidation in 1893 of the Des Moines St. RR.
freight.
Co. and the Des Moines Suburban By. Co. Is authorized to carry
reFranchise Decision.—On March 22 1913 the Supreme Court of Iowa,
Co. on
versing the decision of Judge Applegate of the Dist. Court of Dallas
under the
Dec. 2 1910(V. 91, p. 1574). held that the company's franchises
of being PerTurner ordinance of Dec. 10 1866 expired Jan. 1 1898, instead granted
two
was
petual, as claimed by the company. The company franchise
or to disyears within which to negotiate with the city for a new etztended and
negobeen
has
Time
947.
96,p.
V.
pose of its property. See
tiations are still in progress. On Feb.28 1914 the Illinois Trust & Say. Bk.of
States District
Chicago, as mortgage trustee, brought suit in the United company
from
Court to restrain the city authorities from ousting the
the streets on the ground that the company is operating under a perpetual
763.
p.
98,
V.
city.
the
from
grant
A new franchise proposed by the company with 11 amendments by the
• 99,
City Council was to have been voted on by the people Jan. 16 1915 (V
p. 1909, 1672), but Judge Utterbach in the District Court on Jan. 12 issued
an injunction restraining the holding of the election. V. 100, p. 308.
Guarantees the Inter-Urban Ry. Co. 1st M.bonds, p. & I. See below.




SEPT, 1915.]

ELECTRIC RAILWAYS

41

Detroit United Ry.. Rapid Ry.
Sandw. Wind & Amherstb. Ry.'
Of the new Det. Yps. & Ann Arbor & Jackson 1st M. of $2,600,000,
Det. Monroe & Tol. Sh. LineRY.
$990,000 are reserved for underlying liens. First consols cannot be called.
SYS••
and Det. *Jack. & Chic.
1914.
1912.
See V. 75, p. 666.
1913.
1911.
Revenue passongers__252,961,221 240,940,133 208,538,594 182,612,786
Bonds.-Bonds of
Jack. & Chic. are subject to call on any interest
Transfer passengers..___ 85.354,131 74,830,285 61,393,877 53,652,879 day at 105 and int. Det.
Guar.. p. & I., by the Detroit United Rys.; enough
Gross earnings
$12,240,004 $12,723,829 311,695,530 $10,253,134 bonds are reserved to retire bonded debt of the Det. Yps. Ann Arbor & Jack.
Operating expenses
8.702,660 8,694,231
7,730,409
6,580,042 By. V. 85, p. 345. Of the amount reported outstanding, $520,000 were
on Dec. 31 1914 in the Detroit United treasury.
Net earns, from oper_ $3,537,344 $4,029,598 $3,965,121 33,673,092
ROAD.
and in operation from Detroit (through Wayne and
Inc. from other sources_
208,857
273,728
178,813 Ypsilanti)-Completed
251,937
to Ann Arbor and to Jackson; making mileage 100 miles, of which
Inc. from all sources_ $3,811,072 $4,281,535 $4,173,978 $3,851,905 40 miles over private right of way. Total track, 108.6286 miles. Rails
and 75-1b. T girder. Does a freight business.-V. 79, p. 269; V. 81.
Interest and taxes
2,166,072
2,151,058 2,123,513 2,123,398 70
p. 1723; V. 84. p. 51, 450.
Dividends
(6%)750,000 (6)750,000 (5)625,000 (5)625,000
Deprec'n charged off..__
(5) Detroit Almont & Northern RR.
500.000
294,000
400,000
500,000
Contingent liab. reserve
100,000
50,000
100,000
ORGANIZATION.-Organized under the General Railroad Laws of
Michigan.
leased for 50 years from 1915 to the Detroit United By.,
Total deductions_ _ _ _ $3,260,072 $3,501,058 $3,348,513 $3,148,398 which owns Is
its entire capital stock.
Surplus income
$825,465
$703,507
$780,477
$551,000
BONDSInterest. Outstanding. Maturity.
DIVIDENDS.-First dividend of 1% on Detroit United stock was paid First mtge, gold, $2,500.0001 Date.
1915 6 g F-A
$400,000 Feb 1 1940
March I 1901 and 1% quarterly thereafter until Aug. 1 1905, when rate
($1,000 & $500)
c* tflInt. at Union Tr. Co., Detroit, Trus.,& N.Y
was raised to 13i% quarterly. On Nov. 1 1905 131%. In 1906 5%. In
The bonds are guar. and assumed as a direct obligation, by endorsement,
1907, Feb., ui%; May, 1X %; Aug.,
%. None to Mar. 1911, when by the Detroit United By., which, in the event of any new issue of refund1yL% was paid; same amount quer. to and Incl. Dec. 1912. In March ing or general mortgage
bonds being placed on the Dot. Un. By. or its sub13 rate was increased to 13,5% quer.; same amt. quer. to and incl. Sept. 1915. sidiaries, will reserve sufficient
new bonds for the retirement of the above
ROAD.-On Jan. 1 1915 operated 820.6343 miles of track, as follows: issue at maturity. Red. on and after Feb. 1 1925 at 103 and int. ReDetroit United, including Wyandotte & Detroit River By.. Detroit & maining bonds to bear rate of interest as fixed by the directors when issued
Northwestern,Detroit& Pontiac, Detroit & Flint. 459.0232 miles; Detroit & but not to exceed 6%.
Port Huron Shore Line, 133.1343 miles: Sandwich Windsor & Amherstburg
ROAD.-Extends from Romeo, through Almont to Imlay City, about
Ry.,40.2778 miles; Detroit Monroe& Toledo Short Line,79.57 miles, Detroit 20 miles; built on private right of way; 70-1b. rails.-V.101, P. 130.
Jackson & Chicago By., 108.6286 miles. Rails.77.85 and 98-lb.steel. Does
an express service. Has 1,403 closed passenger cars, 263 open passenger
cars, 247 freight and construction cars, 36 line cars,84 express cars, 16 misDOYLESTOWN PA.
cellaneous cars,2 locomotives, 3,862motors and 3,057 trucks. There are 11
PHILADELPHIA & EASTON ELECTRIC RY. CO.-A trolley road.
power houses with a combined capacity of 67,290 h. p.,2 storage batteries,
Receivership.
-On
April
5 1912 Judge Ryan in Bucks County Court apwith a combined capacity of 4,500 amperes and 18 sub-stations with a
pointed A. H. Sickler (Pres. of Co.) and Godfrey Schmidheiser of Phila.
combined capacity of 18,900 k.w.
receivers. V.94, p. 699. 1057. Plans of reorganization are in progress.
OFFICERS.-Pres.,J. C. Hutchins. Detroit; V.-Ps., Arthur Pack, DeORGANIZATION.-Organized in 1907 as successor to the Philadelphia
troit, E. W. Moore, Cleveland, and A. J. Ferguson, Montreal; V.-P. &
Treas., Allen F. Edwards, Detroit; See., A. E. Peters, Detriot; Gen. Mgr., & Easton By. (formerly the Doylestown & Easton Street Ry.), sold at
F. W. Brooks, Detroit. General offices, 12 Woodward Ave., Detroit.- trustee's sale May 31 1907.
V. 98, p. 235, 386, 452, 682 1693; V. 99, p. 196, 342, 1214, 1366, 1451;
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
V. 100, p. 139, 308, 473, 550 811, 900, 1167, 1256, 1437, 1592, 1751, 1917, Common, $265,000 ($50)$258,800
Pref, $365,000, 507 non-cum
2009, 2085; V. 101, p. 47, 130, 212, 370, 448, 614, 694.
354,800
1st M, 31,000.000 ($1,000,! 1907 5 g M-S
911,000 Sept 1 1927
(1) Detroit & Port Huron Shore Lino Ry.-A trolley road.
$600 and $100), gold_ _ _c*1Int. at Girard Trust Co.,
Phila., Trustee.
Stock.-Preferred shares have no voting power.
Entire outstanding capital stock is now owned by the Detroit United Ry.
Bonds.-The new $1,000.000 bonds are not subject to call and no sinking
ORGANIZATION.-Incorporated in May 1900. Is a consolidation of fund.
Interest was 4% to Sept. 1 1911; is now 5%.
the Rapid Railway Co., the Detroit Mt. Clemens & Marine City Ry.(the
EARNINGS.-For year end. June 30 1915,gross,$104,266; net,$12,318.
purchaser of the properties of the Mt. Clemens & Lakeside Traction Co.and
the Detroit & River St. Clair Ry.), the Port Huron St. Clair & Marine City
ROAD.-Operates 31 miles of road between Doylestown and Easton.
Ry., the Connors Creek & Clinton River Plank Road Co. and the City Operates 8 cars.
Electric By. of Port Huron. The new company owns the capital stock of
OFFICERS.-Pres., A. H. Sickler, Phila.; V.-P., Amos Johnson; Sec.
each road. The consolidated company operates all the tracks in Mt. Clemens and Port Huron, and the through routo from Detroit to Port Huron W. S. Chambers, Doylestown; Treas., H. G. Rush, Lancaster.-V.85, p.
running through Mt. Clemens, Now Baltimore, Algonac, Marine City and 470; V. 94, p. 699, 1057.
St. Clair. Also owns the capital stock ($25,000) of the Detroit & Lake
St. Clair By.
DU BOIS, PA.
New Securities.-See Detroit United By. above and V. 99, p. 269.
DU BOIS ELECTRIC & TRACTION CO.-A trolley road and electricSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity, lighting plant.
Stock, $2,500,000 ($100)$2,000,000
ORGANIZATION.-Incorp.in New Jersey on Nov. 15 1901 as the Amer1st mtge,$2,500,000 ($1,000)1 1900 5 g J-J
2.197,000 Jan 1 1950 ican
Town Light Co. and name changed later as above. Is a consolidation
cannot be called, gold_c*&r Union Trust Co., Detroit, Trustee.
of
the Du Bois Elec. Co.and the Du Bois Trac. Co. V.76, p. 972. FranInt. at American Exch. Nat. Bank, N. Y.
for both street railway and electric-lighting are perpetual and exclusive.
Bonds.-Of the 1st mtge. bonds,$303,000 are set aside to retire under- chises
The United Traction St. By. (which is a consolidation in 1908 of the
lying liens (namely the bonds of the Rapid By. and the Port Huron St.
Trac, St. By. and United Trac. Exten. St. RR.), with $200,000 of
United
Clair & Marine City Ry.). V. 98, p. 1693; V. 99. p. 119.
5% bonds and $200000 stock, which operates a line 14 miles from Du Bois
Rapid Railway.
to Sykesville and Big Run, is controlled and owned by same interests that
Interest. Outstanding. Maturity. control the Du Bois Elec. & Trac. Co.
Date.
BONDSFirst Consolidated mortgage,' 1896 5 g M-N
$300,000 May 1 1918
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
c*jInt. at Finance Co. of Penna., Phila., Trust.
gold
Stock, $300.000 ($100)-----$300,000
Port Huron St. Clair & Marine City Railway.
Collet trust mtge. $300,0001 1902 5 g M-N
297,000 May 1 1932
BONDSDate.
Interest. Outstanding. Maturity
($500), gold
cslInt. at Columbia Trust Co.. N. Y., Trustee.
1st mortgage, gold, 3300,0001 1900 5 M-S
$3,000 Mar 1 1920
Bonds.-No sinking fund, but subject to call at any time at 105 and int.
jUnion Trust Co., Detroit, Trustee.
($500 and $1,000)
EARNINGS.-For year ending June 30 1915.
The remaining $297,000 bonds have been canceled; $1,000 in Detroit
United Traction St. Ry.-Gross, $44,765: net, after taxes, $15,749; int.
United Ry. treasury as of Dec. 31 1914.
on bonds, $10,000; dividends (2%). 34.000; surplus, $1,440.
Du Bois Traction Co.-Gross, $49,038; net, after taxes, $10,484; bond
Detroit & Lake St. Clair Ry. Co.
BONDSDate.
Interest. Outstanding. Maturity. int., $3,500; diva. (9%), 34.508; surplus, $2,476.
1st mortgage, $400,000, gold 1900 5 g A-0
$390,000 April 1 1920
ROAD.-Operates 19 miles (Including United Trac. St. Ry.) in Du 13oLs
c*fInt. at Union Trust Co., Detroit, Trustee. and extensions to Fall Creek, Sykesville
($1,000)
and to Big Run, where connection
Bonds.-The bonds are guaranteed, principal and Interest, by the Detroit is made with tracks of the Jefferson Traction
Co. Standard gauge; 60 and
& Port Huron Shore Line Ry., the Rapid Railway Co. and the Detroit Mt. 70-lb. girder and T rail.
Clemens & Marine City By. They are not subject to call. Of the $390,000
OFFICERS.-Pres., Austin Blakeslee; V.-P., Walter Hatton; Sec., M.I.
reported outstanding,$100,000 were held by the Det. Unit. Dec.31 1914.
McCreight; Treas., B. B. McCreight, all of Du Bois.-V.89. p. 1667.
ROAD.-Total Det. & Port Huron System, 133.1343 miles.
EARNINGS.-Now included in report of Detroit United Ry.-V.77. p.
34; V. 84, p. 338.
DUBUQUE, IOWA.
UNION ELECTRIC CO. IN 10WA.-Trolley.
(2) Sandwich Windsor & Amherstberg Ry.-Trolley.
ORGANIZATION.-Incorporated in Iowa in 1900 as a consolidation of
ORGANIZATION.-Incorporated under special charter from Province
of Ontario. Owns entire capital stock ($100,000) of the Windsor & Tecum- the Home Electric Co., the Dubuque Street By. and the Star Electric Co..
seh Electric By. Entire stock of Sand.WInds.& Amh.Is owned by Det. Un. which constitute the entire electric light and street railway properties of the
city
Dubuque, Iowa. Franchises mature 1927. Extension to Eagle
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity. Park of
was made under a 25-year franchise dating from 1912, g mile. On
Stock, $350,000 (3100)3297,000
the two-mile extension on West Locust St., franchise is for 25 years from
Conaol Mtge, gold. $600,000 1902 04 g J-D
600,000 Dec 1 1922
c* National Trust Co., Ltd., Toronto, Trustee. 1913.
gold (31,000)
Company has contracts with cities of Dubuque, Ia., and East Dubuque,
Wind & Tee El, $300,000, 1907 5 g M-S 2
189,000 Sept 2 1927 Ill.,
for street lighting,and with the latter for power for water-works pumpgold ($1,000) gu p & i_c* National Trust Co., Ltd., Toronto, Trustee. ing
and a 10-year franchise for operation of an electric auto-bus line beBonds.-S. W.& Amh. bonds are subj. to call after Dec. 1 1912 at 105.
Dubuque, Ia., and East Dubuque, Ill., a distance of 1.8 miles.
$110,000 of the bonds were in the Detroit United Ry. treas. Dec. 311914. tween
Windsor & Tecum. bonds are guar., p. & 1.. by Sand. Windsor & Amherstb. Service on this line was inaugurated Sept. 5 1914.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Ry. They are red. on and after Sept. 2 1917 at 105 and int. on 60 days'
Common. $1.000,000 ($100). --- 4 Q-J
notice. Interest on both mortgages is payable at company's office.
$805.000
See text
ROAD.-Operates 40.2778 miles of track in and between Windsor, Walk- Preferred. $1,000,000 ($100)
erville, Sandwich and Amherstberg, including City By. of Windsor (2.52
monthly
834.500
See text
First
t mortgage
$980,000 gold f 1904 5 g M-N
m
miles), operated under lease.-V.75. p. 1303. 1400.
860,000 May 1 1924
($1,000)
c*tflint. at I. Tr. & Say. Bk Chicago, Trustee.
(8) Detroit Monroe & Toledo Short Line Ry.
Bonds subj. to call at 105 and
Sinking
fund
of
$15,000 per annum
ORGANIZATION.-Incorporatod in Michigan on Dec. 11 1902.
began April 30 1908. $120,000 have been retired.
In Feb. 1906 entire stock was acquired by Det. Unit. By. V.82, p. 392.
Dividends.-Monthly diva. of A% on pref. have been paid since July
New Securities.-See Detroit United By. above and V. 99, p. 20.
1907. On com., first div.. 1%. paid July 1911; same rate has been paid
Interest. Outstanding. Maturity. quarterly since.
STOCK AND BONDS- Date.
Stock, 33.000,000
32.581.000
EARNINGS.-For cal. year 1914: gross, $503,344; net, after taxes,
1st mortgage, $3,000,000.1 1903 5 g J-J
2,941,000 Jan 1 1933 $203.153; int., sink, fund. deprec., &c., $86,891; diva. (6% on pref. and
gold ($1,000)
c*jUnion Trust Co.. Detroit, Trustee.
4% on corn.). $80,975; surplus, $35,287. In 1913, gross, $472,553; net,
Bonds.-Interest is payable in New York. No sinking fund and bonds after taxes, $192,923; int.,sink .fund. deprec., &c.,$75,985; divs., $78,520;
are not subject to call.
surplus, $38,418.
ROAD.-Operates 50 miles of road from Toledo to Detroit and 4 miles of
ROAD.-Owns and operates 20.7 miles of track on 15% miles of street in
road from Monroe to Lake Erie; completed Nov. 5 1904. At Toledo con- Dubuque, West Dubuque
and to Union and Nutwood parks. also to Eagle
nection is made with the Lake Shore Electric By. for Cleveland. Is of Point Park opened in 1912.
A one-mile extension on West Locust St.
steam road construction, on private right of way; standard gauge, laid with completed in 1913 and another mile
on this extension completed July 1 1914.
70-lb. T rails. Total track. e9.57 miles.-V.82, p. 392; V. 98, p. 235.
OFFICERS.-Pres.,F. D.Stout, Chicago; V.-P., D. D. Myers; Sec. and
(4) Detroit Jackson & Chicago Ry.
Treas.. J. R. Lindsay, Railway Exchange, Chicago; Gen. Mgr., E. M.
ORGANIZATION.-A holding co. organized in Mich. in 1907 by Detroit Walker.-V.71, P. 2643 V. 84, p. 1553;V. 86. p. 983.
United interests to take over the Dot. Ypsil. Ann Arbor & Jack. By., the
Jack. Ann Arbor & Det. By. and the Det. Plym.& Northville By., paying
therefor $1,230,000. Entire stock owned by Detroit United By.
DULUTH, MINN.
New Securities.-See Detroit United By. above and V. 99, p. 269.
DULUTH-SUPER1OR TRACTION.-Trolley.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ORGANIZATION.-Incorporated in Connecticut in 1897. Owns entire
Stock. 325,000 ($100)$25,000
stock of the Duluth Street By., the Lakeside Street By. and the Superior
First consol mtge,$4,000,000 1907 5 g F-A
1,400,000 Feb 1 1937 Rapid Transit.
corporate existence of the Duluth Street By. Is mainc Int. at Security Trust Co., Detroit, Trustee. tained, but all ofThe
($1,000), gold
its stock ($2,000,000 authorized, $1,800,000 outstanding)
1st cons M Dot Y A Ar&.Tack 1901
5 g F-A
1,610,000 Feb 1 1926 is held by the Duluth-Superior Traction. This latter company has no
$2.600,000(3500,31,000)gc* Int. at Detroit Trust Co., Detroit, Trustee. bonded debt. The Duluth Street By. was organized under
Act of MinneD Y & A Ar 1st M (3600,000) 1897 6 g M-N
600,000 Nov 1 1917 sota approved Nov. 17 1881 and possesses "an exclusive franchise" which
gold ($500 or $1,000 each)_ Int. at Union Trust Co., Detroit, Trustee. runs until 1931.
See
decision
with
regard
to
franchises
in Superior
Det Yps & Ann Ar cons 1st M 1899 6 g F-A
330,000 Feb 1 1924 in V. 80, p. 1911.
The Duluth-Superior Bridge between Duluth.
$1,000,000, g ($500 & $1,- Int. at Union Trust Co., Detroit, Trustee. Minn., and Superior. Wis.,
is used by the railway but Is a separate corpora000) sinking fund annually
tion, and has issued 1st M.bonds for $650,000 and 2d M.bonds for 3300.000
Ypsilanti & Saline 1st M
6 J-J
60,000 July 1 1919 -see bridge items. V. 63. p. 310. 504. In 1903 entered into contract
with




[VOL. 101.

ELECTRIC RAILWAYS•

42

the Great Northern Power Co. to supply sufficient power to operate the
street railways in both cities. The delivery of power was begun in 1908.
Franchise Decision.-On May 23 1914 Judge Cant in the State District
Court handed down a decision favorable to the company in the suit brought
by the city of Duluth to cancel the franchise granted to the Duluth Street
Ry. on Nov. 17 1881(V. 98, p. 1694),and this decision was affirmed by the
Minnesota Supreme Court on Jan. 29 1915. V. 100, p. 473.
Rate Decision.-On May 31 1915 the Supreme Court of Minnesota
affirmed the decision of the Dane County Circuit Court sustaining the order
of Nov. 1912 of the Wisconsin RR. Comm., requiring the Duluth St. Ry.
to establish a rate of 6 tickets for 25c. on its Superior lines, in addition to
the 5-cent cash fare in force. The RR. Comm. granted a re-hearing on
Aug. 10 1915 but up to Sept. 15 1915 had rendered no decision.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$3,500,000 See text
ic:
V
Common,$3,500,000 ($100)_1,500,000 Oct '15. 1%
-J
cum31,500,000(9100)
Pref 4%
5 g &N 2,500,000 May 119
Duluth St Ry M,$2,500,000, 1900
c*tf Int. at Cent. Trust Co., N. Y. Trustee.
gold ($1,000)
772.000 day 1 1930
5 M-N
Dul St Ry gen M 92.500.000, 1910
gold ($1,000) sk fd_ _c*n tf Int. at Central Tr. Co., N. Y., Trustee.
Stock.-Both corn. and prof are listed on N.Y.Stock Exch. V.90, p.848.
Bonds.-The mtge. of 1900 covers all the mileage of the Duluth Street Ry.
the property of the Lakeside St. Ry and of the Superior Rapid Transit
having first been conveyed to the Duluth St. By. The gen. mtge. bonds are
subj. to call on any int. day at 105 and int. Remaining bonds may be
by Dul.-Sup.
issued for additions, extensions, &c. They are guar., p. &
Tract. Co. V. 90, p. 1296; V. 91, p. 276; V. 92. p. 186.
Dividends.-On the pref. stock 4% p. a. Is being paid. On corn.. 1st div•
-1%-Oct. 1909. Same amount quar. to and incl. July 1910,• in Oct.
1910. ig%. Same amount quar. to and incl. April 1913. In July 1913
reduced to 1% (V. 96. p. 1772); same amount quar. to and incl. Jan. 1915.
April div. omitted (V. 100, p. 900); payments changed to semi-annual
basis and a div. of 1% paid July 1915(V. 100.p. 1437)•
ROAD.-The system embraces 82.51 miles of track and includes all the
lines in Duluth and Superior. 125 passenger cars, 10 other cars.
REPORT.-For calendar years (1914 report in V. 100, p. 1433)•
Balance,
Calendar
Int. ec Pref.Divs. Common
Gross
Net
Dividends.
Surplus.
Year- Earnings. Earnings. Taxes. (4%).
$1,313,564 $553,572 $243,892 $60,000 (4%)$140,000 $109,680
1914
80,937
1,283,914 535,750 246,063 60,000 (43i) 148,750
1913
Note.-From the surpluses as above there was deducted in 1914. $100,000
1914,
in
$9,680
leaving
1913,
in
against
$74,100
for depreciation reserve,
against 96,835.
In 1914 carried 25.912.155 revenue and 4,375,217 transfer passengers.
against 25,335,604 revenue and 4,294,066 transfer in 1913.
OFFICE RS.-Pres.,0. G. Goodrich; V.-P.. A. B. Ames; V.-P.& Gen.
Mgr., Herbert Warren; Sec. & Treas., S. L. Reichert; Asst. Sec., Edmund
Zacher.-V. 92, p. 186. 876; V. 93, p. 666; V. 94, 13. 345; V. 95. p. 1206.
1331, 1472; V. 96. P. 716. 1224, 1700. 1772: V. 98. p. 522. 906. 1694;
V. 99, p. 406; V. 100, p. 473, 812, 900. 1433 1437, 2009. •

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$3,000,000
Stock,$3,000,000 (9100)_
2,210,000 Jan 1 1927
First mortgage, $3,000,000 1907 5 J-J
c Int. at Commercial Tr. Co., Phila., Trustee.
($1,000),gold
5 g M-N
790,000 May 1 1926
Steuben Trac & Lt 1st mtge,
$1,000,000 (91,000), g_ _c* Int. at Metropolitan Tr,Co., N.Y., Trustee
Bonds.-Of the new $3,000,000 bonds, $790,000 are reserved to retire
prior liens. Cannot be called. Steubenville Trac. & Light bonds are
guaranteed, principal and interest, by American Gas Co.
ROAD.-Owns and operates 41.04 miles of track in and between Steubenville and Toronto. thence to Wellsville. 85-1b. rail. 17 closed and 14
open cars. Also electric-light and gas plants and pleasure park of 85 acres.
OFFICERS.-Pres. & Treas., Edw. McDonnell; Sec., Geo. H. Faulk;
Gen. Mgr., W. R. W. Griffin.-V.93, p. 165.
Ohio River Passenger RY.
Lease.-Wasleased to the Steubenville Wellsville & Weirton Ry. Co., but
lease was canceled.
ORGANIZATION.-Incorporated in Pennsylvania.
Interest. Outstanding. Maturit .
STOCK AND BONDS- Date.
$1,000,000
Stock.$1.000.000 ($50)-J-J
1,000,000 Jan 1 1957
5
1907
gold__
First mtge,$1,000,000,
ROAD.-Connects Rochester and Beaver. Pa., and East Liverpoot. 0
Length of line, 22.48 miles.
OFFICERS.-Pres. and Treas., Edw. McDonnell; Sec.. A. Bacon;
Gen. Mgr., W. R. W. Griffin, all of East Liverpool.

EAST LIVERPOOL, OHIO.
TRI-STATE RAILWAY & ELECTRIC CO.
Sale.-Properties owned were bid in by the bondholders' committee at
foreclosure sale on May 27 1915 and subsequently sold to the Duquesne Lt.
Co. of Pittsburgh or interests identified with it. V. 101, p. 924.
ORGANIZATION.-Incorporated in Ohio. Was a consolidation of the
following companies (V. 93, p. 165):
Steubenville Wellsburg & Weirton
Beaver County (Pa.) Light Co.
Ry. Co.(W. Va.).
Midland (Pa.) Elec. Lt. & Pow. Co.
Steubenv.& Wellsb. Trac. Co.(Ohio) Wellsb.El.Lt.. Ht.& P.Co.(W.Va.)
Leased for 999 years the East Liverpool Trac. & Lt.Co. and the Steubenville & East Liverpool Ry. & Lt. Co. (Ohio), but leases were surrendered
Apr. 11914. Lease of Ohio River Pass. By. to the Steubenville Wellsburg
& Weirton Railway was canceled. The combined companies owned
and operated electric railways, electric lighting and power plants along
the Ohio River in Ohio, Penna. and West Virginia, and the railway suspension bridge between East Liverpool and Chester, W.Va., and controlled,
through stock ownership, the railway bridge between Steubenville and
Middle Ferry, W.Va. Territory served extended from Wellsburg, W.Va.,
up the Ohio River to Rochester and Beaver, Pa., a distance of 60 miles.
At Rochester connected with electric railway serving that territory and at
Wellsburg with line running to Wheeling and other West Virginia points.
In July 1911 Municipal & General Securities Co., Ltd., London, offered
a block of 1st M.and coll, trust bonds at 95%, with a bonus of 20% corn.
stock. V. 93, p. 165. Pref. stock was sold at $90 per $100 share.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$2,000,000
Common, $2,000,000
575,800
Pref. $1,000,000 ($100) 6%
6 A-0
• 668,000 Apr 1 1950
First and coil trust mtge. 32,-1 1911
Co..N.Y. Trus.,or Lond.
500.000. gold, sinking fundlInt. at Bankers
Underlying bonds (about)_
1,500.060
Stock.-Preferred stock dividends are cumulative from Jan. 1 1913.
Bonds.-Of the unissued 1st & coll, trust bonds.$332,000 are for corporate
purposes and $1,500,000 for impts., extensions, &c., under certain restrictions. Subject to call on or after April 1 1916 at 105 and int. on 60 days'
notice. Sinking fund of 1% per annum of bonds out, begins Dec. 1 1915.
Bonds are listed on London Stock Exchange. V. 94, p. 69.
OFFICERS.-Pres., J. H. Pardee, New York; V.-P., Edward McDonnell, East Liverpool; Treas., R. B. Marchant, New York; Sec., T. W.
Moffatt, New York; Gen. Mgr.. W. R. W. Griffin.-V.93, p. 165; V.94.
p.69; V. 96, p. 864; V. 100, p.982, 1511; V. 101, p. 924.
East Liverpool Traction & Light.
Was leased to Tri-State Ry. & Elec. Co. (V. 93, p. 163), but lease was
surrendered Apr. 1 1914.
ORGANIZATION.-Incorporated in Ohio on Sept. 30 1905 and is a
consolidation of the following companies (see V. 81. p. 1791):
Glasgow RR.
Ceramic City Light Co.
Chester Light & Power Co.
Island Run Coal Co.
People's Light & Power Co.
East Liverpool By.
United Power Co.
East Liverpool Bridge Co.
East Liverpool & Rock Spgs. St. Ry. Wellsville Electric Light Co.
The Rock Springs Park.
Eastern Ohio RR.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
$2,500,000
Common,$2,500,000 ($100)_
Pref..5% n.c.3500,000($100
5 g M-N
2,850,000 Nov 1 1925
First mtge., $3,000,000, gold 1905
c Int. at Union Trust Co.,Pittsburgh, Trustee
($1,000)
5%
East Liverpool Ry first mtge
150,000 June 1 1917
Bonds.-Of the $3,000,000 first mortgage of 1905. $150.000 are reserved
to retire like amount of East Liverpool By. bonds. Are subject to call on
any interest date at 105.
ROAD.-Owns and operates 35.85 miles of track in and between East
Liverpool and Wellsville. Standard gauge, 73-1b. girder and T rail. At
Wellsville connects with the Steubenville & East Liverpool By.& Light Co.
and at East Liverpool with the Ohio River Pass. By. By traffic agreements with these two companies operates a through line between Steubenville, 0., and Beaver, Pa. 55 cars.
OFFICERS.-Pres. & Treas., EdWard McDonnell, East Liverpool:
V.-P.,0. A. Smith, Chester, W. Va.; Sec., Geo. II. Faulk; Gen. Mgr., W.
R. W.Griffin.-V.81, p. 1791; V.82, p. 804; V. 90. p. 1490; V. 93. p. 163.
Steubenville & East Liverpool Railway & Light Co.
Was leased to Tri-State By. & Elec. Co. (V. 93, p. 165) but I ease was
surrendered Apr. 11915.
ORGANIZATION.-Incorp.in Ohio April 1906 as successor to the Steubenville Trac. & Light Co.. which in Jan. 1901 had taken over the Steubenville Gas & Elec. Co. and the Steubenville Trac. Co. Owns the Pleasant
Heights line. Light franchises perpetual' street railway franchises expire
1925 to 1928. Bonds listed on the Philadelphia Stock Exchange.




EASTON, PA.
NORTHAMPTON TRACTION CO.
ORGANIZATION.-Incorp. in Penn. Oct. 3 1902 as a consolidation of
the Easton & Nazareth By. and Easton Tatamy & Bangor Street Ry.
Owns practically all the stock ($1,250,000) of the Northampton Easton &
Washington Trac. Co.(see that company below). Franchises perpetual.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
11500,000
Stock, $500,000 ($50)349.500 Jan 1 1933
5 g J-J
1903
First mortgage $400,000
OttJInt. at Northampton Tr. Co.(Easton), Trus.
gold
5%
300,000 Jan 1 1942
1912
Ref & cons mtge
Bonds.-A sink, fund of 10% of net earns. is now oper. on Northampton
Trac. 1st M.bonds, but bonds cannot be called.
EARNINGS.-Combined earnings of Northampton Trac. Co. and
Northampton-East. & Wash. Trac. for year ending May 31 1915, gross,
$177,969; net, $66,335.
ROAD.-The Northampton Trac. Co. operates 25 miles of track from
Easton to Tatamy and from Tatamy to Nazareth and Bangor, chiefly on
private right-of-way. Standard gauge; 65,70 and 80-1b. steel rail.
OFFICERS.-Pres., David King; Treas., Wm. L. Doyle; Gen. Mgr.,
W.0. Hay.-V.92, P. 726; V. 94. P. 1384.

1

(1) Northampton-Easton & Washington Traction Co.
ORGANIZATION.-Incorp. in 1910 in New Jersey and is controlled
by the Northampton Trac. Co. (see above).
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1.250,000
Stock $1,250,000($100)
5%
544,000 May 1950
1st M $5,000,000 g (3100,1 1910
$500. $1,000) ____s f c*tf Bankers Trust Co., New York, Trustee
200.000 Jan. 1 1942
Refund & consol mortgage 1912 5%
Easton Trust Co.. Trustee.
$1.000,000
Bonds.-Northamp.-East. & Wash. Trac. bonds are callable, in whole or
until 1925 at 110; thereafter until 1935 at
1915
1
May
after
in part, on or
107A; thereafter until maturity at 105 and int. Mtge. Is closed. Sink.
fund 1% annually of avge. amount of all bonds out from 1915 to 1925; 1 3 %
to 1940 and 2% thereafter. Bonds are unconditionally guar.. p. & I..
by Northamp. Trac. Co.(V. 92. p• 726).
There are deposited to secure the Northamp.-East. & Wash. 1st M. 5s
the following bonds of the Northampton Traction Co.: $44,000 1st M.,
$100,000 2d M.(entire issue) and $81,500 gen. M.(entire issue).
EARNINGS.-Included In Northampton Trac. Co.'s statement.
ROAD.-Operates 17 miles of track from Phillipsburg, N. J., to Washington, N. J.

EAST ST. LOUIS, ILL.
-Trolley.
THE EAST ST. LOUIS & SUBURBAN CO.
REORGANIZATION, &C.-As per plan in "Chronicle" of Dec. 20
1913, p. 1822. this company was incorporated Jan. 7 1914 in Delaware to
succeed the old East St. Louis & Suburban Co. of N. J.In Oct. 1914 auth.
914,000,000 to 31,000.000.consisting
capital of the latter was reduced fromcorn,
stock. See V. 100. p. 474.
of $60,000 pref. stock and $940,000
Owns all the outstanding capital stocks (with the exception of directors'
shares) and bonds as stated of the following companies. The amounts
pledged with the St. Louis Union Trust Co. as collateral for the East St.
Louis & Suburban Co. coll. trust bonds are also shown.
Stock
Bonds
Owned.
Pledged.
Owned.
Pledged.
_$3,850,000
Co_
$3,824,300
Ry.
Sub.
$3,900,000
$3,834,000
&
L.
St.
East
1,889,700 1,805,500 1,889,000 1.799,000
East St. Louis By.Co
499.500
500,000
500,000
St. L.& E.St. L.El. Ry•Co. 500,000
750,000
750.000
St.L.& Bellev.El. By.Co_
733,000
70,000
East St. L.Lt.& Power Co.... 976,500
157,000
Alton Gran.& St. L. Tr. Co.. 3,000,000
500.000
Alton Gas & Electric Co_These companies own and operate all electric railway lines in East St.
Louis and Alton and interurban lines to Belleville, Edwardsville, Collinsville, Caseyville. O'Fallon, Lebanon, Brooklyn, Venice, Madison, Granite
City and Alton, and the only electric line across the Eads Bridge-the latter
under a 50-year exclusive contract from 1902 to operate cars over this
bridge. Through arrangement with Illinois Traction Co. the Interurban
cars from Alton are run into their terminal in St. Louis. Also do entire
electric lighting and power business in East St. Louis and the electric lighting gas and steam heating in Alton. A large coal business is also carried on.
Franchises in East St. Louis, Edwardss ills, Collinsville, Caseyville,
O'Falion, Belleville and Lebanon Pxpiro in 1947, 1948 and 1952, with the
exception of five miles in Belleville expiring in 1919. The Alton railway
electric-light and power franchises expire in 1948; the Alton gas franchise is
perpetual; Granite City and Madison franchises expire in 1925; Venice
franchise in 1920, Brooklyn franchise in 1921. The interurban line to Alton, outside of city limits, Is entirely on private right of way. County
franchises covering remaining suburban lines expire from 1919 to 19-18.
Electric light and power franchise in East St. Louis expires 2008.
Power.-Early in 1913 made contract with Mississippi River Power Co.
for supray of hydro-electric power from Keokuk for street railway, light
and power purposes.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDS97.000,000
Common $7,000.000 ($100)_
corn
See text
First pre#,
15 %%
'
6,000,000 Aug.
Preferred $6.000,000 ($100)}
5% cum
2,000.000 Jan 1 1919
Convert bonds $3,000,000 1914 6 J-J
($1,000,$500 & $100)-c*tf Penna. Co.for Ins. on L.& Or. Ann..Phila..
trustee. Int. at office of company.
8,000.000 April 1 1932
Collateral trust mortgage $8,- 1902 6 g A-0
000,000 gold ($1.000)_c8 tt Interest at St. Louis Union Tr. Co.. Trustee.
or at E. W. Clark & Co., Philadelphia.
2,483,000 Aug 1 1944
A 0 & St Louts Trac Co 1st l904 5 g F-A
consol M. $3,000,000 gold Int. at Illinois State Tr. Co. East St. Louis,
tf
Trustee, or at National City Bank, N. Y.
($1 000)
250,000 Oct. 1 1915
Alton By & Ilium first mtgel 1895 5 g A-0
$250,000 g ($1,000)..c*ntffInt. at Bankers Tr.Co.. N.Y.,trustee.
5 g A-0
250.000 Oct. 1 1939
Alton By Gas & Electric Co 1899
mtge $500,000 ($1,000) Int. at Equitable Tr. Co., N. Y., trustee.
No sinking fund; bonds cannot be called.
c*ntf
gold
973,000 June 1 1940
East St L Lt & Pow 1st Mt 1910 5g .11-D
g. guar p & I ($1,000)elf Int. at Mercantile Tr. Co., St. Louis. Trustee
and at Chase Nat. Bank, New York.

SEPT., 1915.]

ELECTRIC RAILWAYS

43

Stock.-The 5% cum. pref. may be exchang
Bonds.-lst & ref. bonds mature $10,000 annually
ed at any time for 50% of
6% cum. pref. and 50% corn. stock.
from 1914 to 1933,
The 6% pref. takes precedence both incl., remainder in 1934. 320,000 have
as to dividends and assets over the 5%
been retired. They are subject to
call
pref.
at 103 and int. on any int. date. Michiga
and
the
common
stock.
V.
97, p. 1822; V. 98, p. 304, 155.
Trust Co., Grand Rapids,
n
trustee.
V. 92, p. 1564.
Bond
trust bonds are redeemable on any int. day
at 105 and
EARNINGS.-For year eluding Dec.
int. on 4 weeks' notice. See
31 1914, gross, $128,361; net,
76. P. 382. The convertible 5s aro convert- $70,038; interest,
lbw any time before July 1 V.
$33,576; surplus, $36,462.
1918
into
an
equal
amount of 6% cum. pref.
stock and in addition 33
BOA D.-Owns and operates street railway
in now common stock. The remaining $1,in Escanaba and an inter000,000 may be issued at 1-3%
urban road to Gladstone, which
time. The collat. nores duo Dec. 15 1915
placed in operation in July 1910. Power
called for payment July any
plant capacity. 1,300 h. p. Awas
1 1915. Of the $500,000 Alton Ry., Gas & were
new dam on Escanaba River. providing
Elec 3.000 addition
Co. bonds,$250,000 are reserved
al h. p.. was completed in summer of 1912.
for prior lions. $500,000 of the Alt. Gran.
& St. L. Tr. 1st consols are reserved
for prior liens and $17,000 for impts.,
OFFICERS.-Pres., J. K.
exts., &c. They are also a lien on property
V.-P.. J. C. Kirkpatrick; Sec. & Gen.
of Alton Gas & Electric Co., Mgr.,P.L. Utley; Treas., M.Stack:
which was owned by the Alton Granite
N.Smith,all of Escanaba.-V.92, p.1564.
mtge. was made. No sinking funds, & St. Louis Traction Co., when the
_
but
bonds
are
subject
to
call on any
int. date at 110 and int. upon 90 days' notice. East
St. L.Lt.& Pow. bonds
are guar., p. & 1., by end., by East St.Louis &
EURE
KA,
CAL.
Sub. Co., callable at 105 and
int. on 30 days' notice. Auth.
HUMBOLDT TRANSIT CO.
unlimited, but additional bonds are
issuable only kor 8()% of the cost issue
ORGANIZATION.-lncorporated in California July
of add'ns and imp'ts, and then only when
31 1903.
STOCK AND BONDSnet earns, are at least 13i times int.
Date.
charge
Interest. Outstanding. Maturity.
bonds
on
out
as
well
as
those
to
Stock
be issued.
$1,000.000 ($100)_
3500.000
1st mtge 31,000.000 ($1.000)1 ____
Dividends.-5% per annum was paid quarterly on old pref.
5 g A-0
188,000 Oct 1 1934
from its issue
gold
May 1 1906 up to and includin Feb. 1914. On new pre(.
c&r_ntf
Trust Co. of San Fran.,
1st div.-134%Bonds are not subj. to call. fUnion
was paid May 1914; Aug., 4g%;
A sk. N.of 2% of bonds out began Trustee.
Nov., 13,1, %. In 1915, Feb., 13,4 %;
Oct. 1910.
in
EARNIN
May rate was reduced to 1 3/
GS.
-For
cal.
year
V. 100, p. 1437); Aug., %.
1914 gross, $90,626. In 1913, gross.
$87„480.
EARNINGS of operatin34%
g companies for 12 months ending Dec. 311914.
ROAD.-Comprises 13 miles of track
gross, $2,623,827; net, after taxes, $1,007,6
in
13; interest, $701,949; surplus,
city
of Eureka. 45-60-lb. T rails.
OFFICERS.-Pres.. Wm. Butterworth;
$305,664.
V.-P., C.P. Pomeroy; Sec. and
Treas.. Horace R. Hudson; Mgr.,
ROAD,&c.-Operates 191.908 miles of single-track, of which
J. W. Hale.
3.835 miles
operated under lease. Has 173 passenge
r cars, 4 express cars, 830 freight
cars, 18 work cars and 3 snow sweepers, 2 electric and 2 steam
locomotives.
Has 3 power stations with 16.940 k. w. capacity
EVANSVILLE, IND.
.
EVANSVILLE RAILWAYS CO.
OFFICERS.-Pres., C. M. Clark; V.-Ps., II. L.
Clark,
W.
B. Kurtz
and Harold W. Clapp; Sec. & Asst. Treas., G. L.
ORGANI
ZATION
.
-Incorp
orated in Indiana in August 1907
Pearson Jr.; Asst. Sec., T. W. Gregory. Office Estabrook; Treas., C. A. the Evansville dc Eastern Electric
to control
of The Suburban Co., WilBy., the Evansville & Mt. Vernon
mington, Del., operating company
Electric By.and the Evansville Terminal By.
at
East
St.
Louis.
-V.
92,
In April 1913 absorbed these
p.
1032. 1242; lines outright and acquired
V. 04, p. 1311; V. 96, p. 417; V. 97, pi.
the
capital stock of the Henderson Trac.
238, 1822, 1898; V. 98, p. 73, 155,
304, 452; V. 99, p. 1366, 1832; V. 100, p.
Co.
and the Owensboro City RR. V. 96. p.
474, 1437, 2085.
1488.
On Aug. 25 1911 the Evansville Henderson & Owensbo
ro By. was incorp.
In Indiana (corn. stock auth. and out., 350,000
-all owned by Evansv.
Rys.; pref., $250.000 auth., $150.000 out.) to build
ELMIRA, N. Y.
a line from Evansville
to Henderson and ultimately to Owensbo
ELMIRA WATER, LIGHT & RAILROAD CO.-Controlled
ro. Now company has leased
by
63i
the
mile*
of
Illinois
Central
United Gas & Elec. Co.-See United Gas & Elec. Corporat
between Evansville and Henderson
ion under N. Y. has electrified same. Line tracks
was placed in operation from Evansvil and
ORGANIZATION.-Incorp. in New York May 26 1000 as
le to
a consolida- Henderson July 28 1912. V. 93. p. 730.
tion of all the water,lighting, power and street
In April 1913 increased its auth. common
railway properties in Elmira.
stock from $1,000,000 to $2,Owns entire capital stock of Elmira & Seneca Lake Trac.
Co.(also all bonds 000,000. V. 96. p. 1156.
of this co.) Rorick's Glen Park Assn., and majority of stock
of West Water
STOOK AND BONDSSt. RR. The latter company operated under 999-year leases.
Outstanding. Maturity.
In April Common $2,000.000 MOW-- Date. Interest.
1913 it was stated that all franchises have
least 72 years to run, while Prof.. 3500,000,6%
31.315644:090000
cum
some of them are perpetual. In Feb. 1910atwas
J-J
auth.
to
acquire
all
First
stock
and
refunding mort-1 1913
of Montour Falls Electric Light Co. In Sept. 1914 absorbed
55"
text.
the West Side
gage $5,000,000
1953
tIf Pittsburgh Trust Co.,See
RR., all of whose stock was owned. V. 99, p. 815.
Pittsburgh, Trustee.
Notes
On March 17 1914 the stockholders authorized an
1913
6%
52,900 April 1 1918
increase in stock. Evans & B Elec By 1st mort-tt 1906
which was subsequently approved by the
5
g
A-0
Public
Service Commission,
Apr 1 1936
gage, 3750.000, gold ($SOOJ Int. at American Trust684,000
by the creation of $3,000.000 7% cum. first pref. stock
& Say. Co., Evansthe issuance of
and $1,000 (closed M)c*tf
ville
(1) $850,000 of the now first pref. stock; (2) $317,000and
gh Trust Co., Trustee.
5% 2d prof. stock Evans & Mt V Elec By 1st M1I 1905 or5Pittsbur
(formerly pref. stock) and (3) $617,000 consolid
g
A-0
Oct 1 1925
ated mtge. 5s. The
$350,000 gold ($1,000)c*tff Int. at Amer.Tr.& Say.350.000
3307.000 Chemung County Gas 1st 6s and the
Co., Evansv.,Trus.
$1,250,000 6% deb. notes Evansv Term Ry 1st mtgef
were then retired. V. 98. p. 1.392.
1908
5 J-J
Jan 1 1939
$300,000 gold ($1.000)- - tffInt. at Am. Tr. & Say.300.000
In May 1915 the P. S. Comm. approved the issue
Co., Evansv.. Trus.
of $232,000 Sc' cons.
gu 13 & I by Evans R3rs Co..1, and Ills. Tr. & Say. Bank,
M. bonds at not less than 90. The proceeds, together
Cnicago.
with $1,500,000 reStock and Bonds.-Pref. stock can be called at any
ceived from the city of Elmira for the
time at par. Of the
sale of the company's water depart- $5.000.000 mtge. bonds
ment, were used to retire the 31,661,000
of
1913,
$1,331,5
00
are
set
aside to retire underly5% bonds due Jan. 1 1949, which ing issues.$2,868,500 for future
were called for payment at 105 and int. on
requirements and $800,000 were immediately
July 11915. V. 100, p. 1592.
available, and have been used as collatera
for $500,000 Evansville Rys.
STOCK AND BONDSDate. Interest. Outstanding. Maturity 6-year 6% notes. Of the 6% notes. lauth.,
Common 31,000,000 ($100)$298,000
been certified
up
$1.000,0
to
May
1 1915 by authority of the Indiana Publichad
00 July '15.1 %
1st pf,$3,000,000(7% cum)__ ____
7 Q-J
1,275,000 July '15,134 mission, of which $52,900 sold and outstanding. They Service Com2d prof 5% cum 31.000.000_
are secured
5
by
Q-J
$800,00
1.000.00
first
0
and
0
refundin
July
g
bonds, and all the common stock of
1st con mortgage 35,000.0001 1906 5 g M-8
3,567,000 Sept'15.134
1 1956 the Evansv. Rend. & Owensboro Ry., Owensb. City RR. and the Hender(31.000)
g c*tf fInterest at New York
Trust Co., Trustee. son Traction Co. Of The Evansville & Eastern Electric
Stock.-First pref. is red, at option of co. at 115
By. bonds, $51,000
are
reserved
and
for
div.
extensio
ns
&
impts.
at 85% of cost. Are subject to call,
Dividends.-On 1st pref., 1 g% quarterly is being
paid. On 2d pref.. in whole or in part, at 105 and interest on any
23.5% paid semi-ann. from Sept. 1907 to and incl.
day upon 90 days'
Mar. 1914. On July 1 notice; $2,500 is payable annually to a sinkinginterest
fund
1914 1 2-3% was paid.covering four months, and in Oct.191
from 1910 to 1920;
4 div. of 134% from 1921 to 1936 $5,000 per annum; $12,500 bonds were
was paid, the rate being 5% quar. instead of
held in sinking
fund
Sept.
1915. Sinking fund of $10,500 per annum
semi-ann. (V. 99, p. 608).
Same rate guar. since to July 1915. On common
Oct. 1 1910 on
, 1st div.-1%-paid Evansv. & Mt. Ver. Elec. By., to be invested in tenbegan
Oct. 1910. In 1911. 1912 and 1913, 4%. In
bonds ann. at 105.
Subject
to
call
at
1914,
any
none.
int.
period
In 1915, Jan.,
at 110. Evansv. Term, bonds are red. at
2%; April, 1%; July, 1%.
and
int.
105
on any int. day at 60 days'
Sink, fund began 1912.
ROAD,&c.-Comprises 45 m. of single track in Elmira
EARNINGS.-For year end. June 30notice.
1915, gross (not Incl. Hend. Tree.
and connecting
the suburban towns of Elmira Heights, Southpor
Owensboro City RR.), $252,259; expenses
t and Horseheads. from and
,
$147,596; net, $104,663.
Horseheads to Watkins. via Millport and Montour
ROAD.
-The Evansville 8c Eastern road consists
Falls, to Seneca Lake. from Newburg
of 31 miles of track
95 cars. 75 and 90-lb. girder rails. Owns Rorick Glen
h (from which point it enters Evansville
Park.
over tracks of the
Gas Department.-Supptles nat. and art. gas.
Evansvil
le
Termina
l
Ry..
10 miles) to Grandview,includin
g a 4-mile branch
coal gas plant with daily generating capacity of Art, gas dept. consists of to Richland. The Evansville
& Mt. Vernon road consists of 20 miles
of
Cu. ft. holder capacity and 30 miles of mains. 150.000 cu, ft. and 200.000 track from Evansville to Mt. Vernon.
Also has 65 miles of natural comprise
Evansv. Henderson & Owensboro
gas mains.
s 10 miles of track from Evansville to Henders
Electric Dept.-Two 5,250 k.w. turbines and
of lines. 715i miles. First two roads do an intercha on. Total length
four
750
h.p.
nge car-load freight
boilers. Old
power station has 4.250 k.w. capacity, with new
with steam roads.
823 h.p. boiler and three service
800 k. w. step-up transformers.
OFFICE RS.-Pres., W.H.McCurdy; V.-P., W.A.
Koch; Sec. & Treas..
EARNINGS.-For cal. year 1914, gross,
0. II. Battin; Gen. Mgr., W. A. Carson.-V.
$1,100,0
90.
60;
p.
net,
1362; V. 93. p. 730;
after taxes, V. 96. p. 1156. 1488;
$467,556; charges, $260,468; balance for divs„
V. 97. p. 594. 802.
3207,088.
OFFICERS.-Pres., Ray Tompkins; V.
S. J. Dill; Sec. and Treas.,
(1) Henderson Traction.-Street railway.
C. A. Koistad; Gen. Mgr., F. H. Hill; Asst.-Pr.,
Soc.,
henry
Morgan,61 B'way,
Acquired by Evansville Rys. in April 1913. V. 96, p.
N. Y.-V.97, p. 802; V.98,D. 1392. 1459. 1920:
1488.
V. 99. v. 608,815; V. 100,
ORGANIZATION.-Incorporated in Kentuck
P. 54, 478, 1592.
y Feb. 22 1907 as a successor to the Henderson City Ry.,sold at foreclosure
on Feb. 18 1907. The
old railway had a 30-yearfranchise granted in Oct. 1886.
and
also controlled
EL PASO, TEXAS.
the Henderson Ferry Co.. which has since been sold. V. 84,
EL PASO ELECTRIC CO.-Incorporated
STOCK AND BONDS- Date. Interest. Outstanding.p. 508.
Maturity.
securities of the El Paso Elec. Ry. Co., El Pasoin New Jersey and owns the Stock,$150,000 MOO)
&
Juarez
Trac.
$10459:008000
Co. and Rio
Grande Valley Traction Co., which do
entire electric railway, electric First mortgage, 3150,000f 1907
5 g A.-0
Apr.15
lighting and power business in El Paso,the
($1.000.$500,$100) gold tflInt. at Ohio Bkg.& Trust Co., Henders 1927
Tex., and Juarez, Mex., and operon Pr
ate an electric railway between El Paso and
Bonds.-$133.000 bonds issued but $28,000 held in treasury
Ysieta. Franchises in El
. Remaining
Paso expire in 1951 and 1952. Railway franchis
$17,000
are reserved for extensions and improvements. Subject
Interurban almost entirely on private right-ofe in Juarex expires in 1988. April 15 1917 and 1922
to call on
at
105.
-way.
No
sinking
In
1009
fund.
increase
d
prof. from $500,000 to $1,000,000. V.
EARNINGS.-For year ending Juno 30 1915, gross.
$30,444; expenses.
Is owned by Pub. Service Investment Co.90, p. 109. $500,000 com. stock 322.628; net, 37,816.
On March 9 1914 shareholders authorized an increase
ROAD.-Operates 6 miles of street railway. V. 90, p.
in
the
authoriz
ed
1363.
amount of common stock from $2,000,000 to
$3.000.000. V.98, p. 839.
(2) Owensboro City Railroad.-Street railway.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Acquired by Evansville Rys. In April 1913. V. 96,
Common,$3,000,000 ($100)-p.
1488.
An extenQ-M
$2,373.700 Sep'15.23/% sion down the Ohio River is contemplated. V.
Pref $1.000,000 6% n-c ($1001 ___90. p. 1364.
6 J-J
1,000,000 July '15. 3%
ORGANIZATION.-Chartered in 1886. Franchis
Collet trust mtge 31,000.000 1902
e runs till 1936 and
5 g .14
gives
1,000,00
exclusiv
rights
0
e
Jan
to operate street railway in said city.
1 1932
($1.000) gold
ctf Int. at State
Trust Co.. Boston. trustee.
STOCK AND BONDS- Date. Interest.
Bonds.-Collateral trust bonds cannot beSt.
Outstanding. Maturity.
called and no sinking fund.
Common,375,000 (par $50)
Dividends.-First div.,3%.on pref. stock,
was
paid
Jan.
1st
mtge..
12
1903;also 3%
$200.000, gold1 1902 5 S J-J
on July 13 1903; 1904 to July 1915, incl.. 6% per
200.000 .?an. 1 1932
($1,000), c&r, not red__ tf I
27o,Mar. 1910; Sept.. 2; in 1911. 5%;in 1912, ann. On corn., 1st div.,
teerres
Anni
.T
t ra
.t&L
so
auls
y.c . ET
vraunsstv.C
.ron(;..T
Trus
rustteee
e.
0 Sept., 3 %;in General mortgage.$200.000tf 1910 6 M-N violl.e
1913. Mar., 33i%: in Juno 1913 began to payMar.,37
200,000 May 1 1933
guar.
dive.
and paid 2%:
also Sept.. 2%; Dec.. 2%: In March 1914 increase
EARNINGS.-For year ending June 30 1915. gross,
paid; same amount paid quer. since to and incl. d rate. and 234% was
$60,675; expenses,
$39,440; net, $21,235.
Sept. 1915.
EARNINGS.-Of combined companies for
ROAD.-Owns 12 q miles of street railway in Owensbo
12 months ending Juno 30
ro and suburbs;
1915, gross, $997,414; net, after taxes, $456,594
; int., $50,328; stir..3406.266 56 and 70-lb. rail: 30 motor cars, double West., 68 G. E. 800; 7 trailers;
2
p.
0
5 113
6-4o
ROAD.-Operates 47.96 miles of track in and
t.n and 525-ton coal cars. Power house 600k. w.capacity
. V.90,
between
El
Paso,
Tex.,
and Juarez, Mexico; 84 cars; standard gauge.
from El Paso to Fabens,35 miles. Power station Will build, It is reported,
has capac. of 11,000 k. w.
EVANSV
ILLE
SUBURBAN & NEWBURGH RY.
OFFICERS.-Pres., Marshall M. Phinney
ORGANIZATION.-Incorporated
; V.-P., Joseph Remick and
Indiana in Dec. 1888, with a perGuy L. Weymouth; Treas., Henry B.
Sawyer; Sec.. Chester M. Clark; petual charter. Pass. business hauledin
by electricity and freight by steam.
Gen. Mgrs., Stone & Webster Mgt. Assn.
Does
-V.
car-lot
a
freight
94.
p. 559; V. 95, P. 616;
and express business. Has private right-of
V. 96, P. 136. 202, 1556: V.98, p. 610, 839.
-way.
STOCK AND BONDS- Date. Interest. Outstand
ing. Maturity.
Stock,$500.000($100)3307.400
1st mortgage, $500,000, gold 1904 5 g J-J
July 1 1934
($500 and 31,000)____c*tf Interest at Evansville 487,500
ESCANABA, MICE.
Trust & Say. Co..
ESCANABA TRACTION CO.
Trustee,or Nat. Bank of Commerce, N.Y.
ORGANIZATION.-Reorganization in Aug.
Bonds.
-A
sinking fund of{$2,500 per annum commenced July
1 1910,
St. Ry.and Escanaba Power Co. Does electric 1909 of Escanaba Electric which will retire bonds at 105.
All or any part of bonds redeemable
light and power business in after 15 years
Escanaba, Gladstone and Wells. Mich.
at 105. $12.500 have been retired. V. 96.
Is allowed to carry freight.
p.
1365.
EARNIN
GS.-For yr. end. June 30 1915. gross, 3121.041
STOCK AND BONDS- Date,
; net, $40,321.
Interest. Outstanding. Maturity.
ROAD.-Operates 25 miles of track from
Stock 3500,000
Evansville to Newburgh, with
3500,000
a branch off the main line through Stevens Station
1st & ref mtge $600,000 gold I 1909
and
Chandle
r to Boon5
J-J
580,000
ville;
has
also 5 miles of side-track; total, 30 miles. 70-lb. T rails.
See text
($1,000)
cs_cptfInt. at First Say. & Trust Co.. Milwauk
ee
Second mortgage
OFFICERS.-Pres., Lee Howell: V.-P., Chas. W. Cook;
Soc.
200,000
& Gen.
Mgr., Gus Mulhausen.-V. 83, p. 271; V. 96.
p. 1365.




[VOL. 101.

ELECTRIC RAILWAYS

44
FAIRMONT, W. VA.

MONONGAHELA VALLEY TRACTION CO.
ORGANIZATION.-Organized in W. Va. on May 18 1912. Is a consolidation of Fairmont & Clarksburg Trac. Co., Fairmont de Northern
Trac. Co. and Clarksburg & Weston Elec. Ry. Owns and controls entire
street railway business in Fairmont and Clarksburg (incl. entire electriclight and power business in Fairmont) and an interurban road connecting
Franthe two cities, with branches extending to various cities and towns.
extend for 50
chises in Fairmont are perpetual. In other cities and towns
right of
years. the shortest expiring in 1952. Interurban are on privateHarrison
way. Franchises over county roads and bridges in Marion and
counties are perpetual.
On Feb. 1 1911 the Fairmont & Clarksburg Trac. took over the Fairmont
& Mannington Trac. Co.(16 miles), and has acquired 7,600 shares of stock
(76%)and $529,000 of total issue of $600,000 1st M.5% bonds of said co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
35,000,000 See Text
Common, $5,000,000_ ------2,059,000 Aug'15, 23
F-A
Pref. 5% (cum.). $2,500,000_
2,500,000 Juno 1 1942
First & ref M,315,000 000, g 1912 5 J-D
($500 & $1,000)_.,c4&r tf Fidelity Ti'. Co.,Bait., Trus. Int. in N.Y.
2,500,000 Oct 1 1938
Fairm & Clarksb 1st M,$2,- 1903 5 g A-0
500,000. g ($1,000)__c*ntf Int. at Guaranty Trust Co., N.Y., Trustee.
Bonds.-Of the 1st(& ref.) bonds,$2,500,000 are reserved to retire prior
liens and $10,000,000 are for add'ns and °stens. under certain restrictions.
Red. at 105 and int. on any int. day on or after June 1 1922. See V. 94,
p. 1508. Fairmont & Clarksburg 1st mtge. bonds subject to call, beginning
Oct. 1913, at 105 and int. Listed on Philadelphia Stock Exchange.
Dividends.-5% is being paid on the pref. stock. Initial div. on com%. In 1914, Mar..
%; Oct.,
mon-2%-paid Jan. 1913; July 1913,
114 %•, July. 134%. None since.
EARNINGS.-For year ending Dec. 31 1914, gross. $968,389; net,
$552,665; interest, taxes, &c., $308,642; surplus, $244,023.
ROAD.-Operates street railways in Fairmont, W. Va., and in Clarksburg W. Va., and an interurban line of 25 miles connecting the two with
various small branch lines; also lines from Fairmont to Fairview, 14 m.,
Clarksburg to Bridgeport. 7.6 m., and Clarksburg to Weston,24 m.; total,
track in operation, 108 miles. Other extensions are contemplated. Fairmont & Mannington operates 16 miles. Standard gauge. 80-1b. T rail.
OFFICERS.-Pres.,S. L. Watson; V.-P.,Jas.0.Watson; Sec.& Treas,
Smith Hood.-V.94, p. 827, 912, 1384, 1508.
Walton Miller; Gen.
1627,• V. 95. p. 176; V.
96, p. 1840; V. 97, p. 1115; V. 98, p. 1993; V. 100.
Mgr.,
p. 901; V. 101, P. 370.

(1) Wisconsin Electric Ry.-A trolley road.
ORGANIZATION.-Incorporated Aug. 16 1908 in Wisconsin and
succeeded the Winnebago Traction Co., sold at foreclosure Aug. 6 1908
as per plan in V. 85, p. 655. Latter company was a reorganization of
Citizens Traction Co. in 1900. Eastern Wisconsin By, & Lt. Co. owns
stock and guarantees bonds of the Wisconsin Elec. Ry. V. 88, p. 1255.
Franchises expire Jan. 1 1932.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$350,000
Stock $350,000
801,000 Aug. 1 1938
1st mtge $1,500,000 goldi 1908 5 F-A
($500 and $1,000)-cstf'Int. at Wisconsin Trust Co., Milw.,Trustee.
Bonds.-Bonds are subject to call at 105 on 3 weeks' notice.
REPORT.-For years ending Nov. 30:
Taxes
Net
Balance,
Fixed
Gross Operating
June 30
Earnings. Expenses. Earnings. Accrued. Charges. Surplus.
Year$196,965 $125,609 $71,355 $10,353 $40,535 $20,467
1913-14
26,813
130,590 73,582 7,734 39.035
204,172
1912-13
Latest Earnings.-For year end. June 30 1915, gross, $192,820; net, after
$11,599.
surplus,
taxes, $52,422; charges, $40,823;
ROAD.-Owns 46 miles of road-18.5 miles in Oshkosh,26.5 miles of
Interurban road running from Oshkosh to Neehah and to Omro and 1 mile
in Neenah.
OFFICERS.-Pres., H. F. Whitcomb; V.-P., Clement C. Smith; V.-P.
& Gen. Mgr., J. P. Pulliam; Sec. & Treas., H. F. Whitcomb Jr.-V,87,
P. 348, 481; V. 88, P. 1255; V. 98, p. 1001.

FARGO, NORTH DAKOTA.
FA 'ROO & MOORHEAD STREET RAILWAY CO.-A trolley road.
Stock is all owned by Consumers' Power Co. of Minnesota.
ORGANIZATION.-Incorporated 1902 in North Dakota. In June 1912
new 25-year franchises were granted in Fargo. Moorehead and Dilworth.
Stock $300,000($100)issued. Bonds authorized and outstanding,$200,000
($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d mtge.;
both issues due 1925; int. J.-J. and subject to call after 5 years at 105; principal and int. payable in gold, 1st mtge. bonds at State Bank of Chicago,
trustee; 2d mtge. bonds at Northwestern Trust Co., St. Paul, Minn., trustee. Operates in Fargo, N. D.,and Moorehead, Minn., and an interurban
to Dilworth, Minn.,a total of 15.547 m. Standard gauge. 70-1b. T rail.
EARNINGS.-For 12 mos. ending July 31 1915, gross, $112,542; net,
$33.872.

FORT DODGE, IOWA.
FORT DODGE DES MOINES & SOUTHERN RR.-See "Railroad and
Industrial" section.

FORT SCOTT, KAN.
THE FORT SCOTT GAS & ELECTRIC CO.
Plant is being entirely rebuilt.
ORGANIZATION.-Incorporated in Kansas in 1900, and is successor
Co., Citizens' Electric Street Ry.,
to the Fort Scott Electric Light & Power
Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franrhise expires
April 23 1922.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$350,000
Stock $350,000 ($100)164,000 April 1 1922
1903 5 g A-0
1st mortgage $250,000 goldi,Int.
Trust Co., Trustee.
&
at
Title
Chicago
_c*
fund_
($500). sluicing
289,000
6%
New mortgage,$350,000-----Co.. St. Louis, Mo.
at
Tr.
Int.
Vandeventer
($500)
Bonds.-Ofthe $250,000 let M.auth.,$50,000 are reserved for extensions
and $36,000 have been retired. The following amounts are payable annually to a sinking fund: In 1908 and 1909, $3,500 per annum; in 1910 and
1911, $4,000 per annum; in 1912 and 1913, $4,500 per annum; in 1914 and
and 1917, 87.000 per annum; and from
1915, $6,000 per annum; in 1916per
annum.
1918 to 1921 inclusive, $10,000
EARNINGS.-For calendar year 1910, gross. $65,000; net, $33,000.
ROAD.-7 miles of track in Port Scott. Gauge,4 ft.;45 to 80-1b. T rails.
OFFICERS.-Pres.,J. E. McKinney,St. Louis' .-P., R.E.L. Winter,
St.Louis; Sec.-Treas.& Gen.Man.,F.D.Martin,Ft. Scott.-V.77.p.1294,

FISHKILL-ON-THE-HUDSON, N. Y.
FISHKILL ELECTRIC RAILWAY CO.-A trolley road.
Leases the Citizens' St. RR., L.& P. at a rental of $8,255 per annum.
Interest. Outstanding. Maturity
STOCK AND BONDS- Date.
$50,000
Stock.$50,000
1915
50.000 July
1895 6 J-J
First mortgage, $50,000
EARNINGS.-For year ending June 30 1914, gross, $57.713; net, after
taxes. $17,106; int., rentals, &c., $16,090; surplus, $1,076.
ROAD.-Owns 4X and leases 3 miles. Total.73 miles.
OFFICERS.-Pres., John T. Smith; V.-P., W. J. Conklin; Sec., W. H.
Southard; Treas., G. W. Patterson.

FITCHBURG, MASS.
FITCHBURG & LEOMINSTER STREET RY.
In April 1905 absorbed the Leominster Shirley & Ayer Street By. through
exchange of stock, share for share. V. 80, p. 1478. In Sept. 1907 Mass.
RR. Commission sanctioned increase in stock from $450,000 to $700,000,
new stock to be issued at 110. Company then petitioned Commission to
allow stock to be issued at 100 (V. 85, p. 722) but in Sept. 1908 Commission denied application. V. 87. p. 812.
Date.
Interest. Outstanding. Maturity.
STOCK,BONDS,&c.See text.
$450,000
Stock $700,000 ($100)150,000 April 1 1917
Fitch & Leo 1st mtge ($500), 1897 5 A-0
c Interest at First National Bank,Boston.
$150,000
434 F-A
150,000 Feb 1 1921
Fitch & Leo con mtge.$350,- 1901
Int. at Boston Safe Dep.& Tr. Co., Trustee.
000($1,000)
100,000 Feb 1 1921
L S & A 1st mtge, $100,000 1905 5 g F-A
lint.at Boston Safe Dep.& Tr. Co.,Trustee.
gold ($1,000)
Guar. p. & by Fitch. & Leom. Street Ry.
764,000
Current liabilities June 30 191
Bonds.-Of the new consol. mtge. $150,000 are reserved to retire the
1st mtge. at maturity.
Dividends.-For many years up to and including 1900-01, 8%;from then
on to 1913-14, 6% per annum.
ROAD.-Owns 40.85 miles of track. Road extends to Leominster,
Lunenburg, Shirley and Ayer. 30 closed passenger cars, 25 open passenger
cars, 3 express cars and 5 snow plows.
EARNINGS.-For years ending June 30 1914 and 1913:
1913.
1914.
1914.
1913.
Gross
$328,041 $319,963 Dividends paid__ $27,000 $27,000
108,570 111,247 Balance, surplus,
Net
10,023
2,390
for year
Int., taxes, &c
79,180 74,224
OFFICERS.-Pres., Supt. and Purch. Agent, W. W. Sargent' V.-P.,
N.
R.
Wallis, all of
H.I. Wallace; Clerk and Counsel, C. F. Baker; Treas.,
Fitchburg.-V.80, p. 1478' V.85, p. 468, 722; V.87. p.812.

FORT SMITH, ARK.
FORT SMITH LIGHT & TRACTION CO.
Standard Gas & Elec. Co.(V.93, p. 1327) owns $949,900 corn., $798,700
pref. stock,$150,000 1st M.bonds and $300,000 deb. 6s of the company.
ORGANIZATION.-Incorporated in Arkansas on April 13 1903 as a consolidation of the Ft. Smith-Van Buren Light & Transit Co. and the Ft. Smith
property, contracts, rights and
Trac., Lt. & Pow. Co. Owns all physical
franchises of Van Buren Fuel & Light Co.(now dissolved). Does the entire
electric-light, gas and street railway business of the city, and the electriclight and gas business of Van Buren; operates an interurban line between
Ft. Smith and Van Buren. Street railway and electric-light franchises
in Ft. Smith expire in 1955; gas in 1953. Gas and electric light franchises
in Van Buren expire in 1957.
City Council Dec. 16 1912fixed the price of gas at 25c. per 1,000 cu. ft.
which rate became effective Dec. 1 1913.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$950,000
Common,$1.500.000 ($100)-1,410.000
See text
Pret $5,000,000($100)7% cum.......Q4 15
5 g M-S
1911
2,638500 Mar 1 1936
First mortgage $0,000,000 g f Int.
at
&
Illinois
Trust
Savings
_csi
Bank,
Chic.,
$1.000)and
s f ($500
Trustee,or at agency of co. In N.Y.or Bos.
300.000 May 1 1918
Debenture notes, $300,000- 1913 6 M-N
time after 3 years from issue
Stock and Bonds.-Pref. stock is red, at any
M. bonds can only be isuedy
for
at 110 and accrued div. Remaining 1st and
extensions under certain re75% of cost of additions, improvements
strictions. See V. 92, p. 950. Subj. to call as a whole or in part on any
int. day at 105 and int. Cash sink. td. of 1% yearly 1914 and 1915,1%
yearly 1910 to 1918. 2% yearly 1919 to 1923 and such amounts thereafter
ot bonds certified. V.92,D.
as by July 1 1935 will make total sk. fd. 40%
956. $61,500 have been retired. Bonds are listed on N. Y. Stock Exch.
V.94, p.487.
Dividends.-Pref. is cum. from Jan. 1 1912. 1st dly. on pref.-13(%paid April 15 1910; July, lg%; Oct.. IN% and 15% War. since to and
including April 1913; none since.
EARNINGS.-For year end. Dec. 311014, gross, $492,397; net, after
taxes. $170,967; int.. $156.022; surplus. $14,945.
ROAD.-Owns and operates 31 miles of track on 12 miles of streets in
Ft. Smith and suburbs. Standard guage,60-lb. and 80-1b. T rail. 58 cars.
Owns a park of 110 acres. Also gas works for distributing natural and artificial gas, with 69 miles of mains, and electric power and lighting plant.generating capacity, 4,062 horse-power and pole line of about 119 miles.
OFFICERS.-Pres.. A. S. Huey: V.-P., H. M. Byllesby: Sec., John
Brizzolara; Gen. Mfgr., H. C. Hoagland; Treas., N. I. Garrison; Aud.,
W. J. Parker; Mgrs., H. M. 13yliesby & Co., Inc.-V. 88. p. 505; V. 90,
p. 236. 303, 372, 914; V. 92, p. 881, 956, 1032, 1178, 1636;V. 94. p• 487:
V. 95, p. 47; V. 97, p. 298, 1733

FOND DU LAC, WIS.
EASTERN WISCONSIN RAILWAY & LIGHT.-Trolley.
ORGANIZATION.-Incorp.in Wisconsin on Sept. 23 1903 as a consolidation of the Fond du Lac St. Ry.& Lt. Co.and the Fond du Lac & Oshkosh
Elec. By. Co. Comprises the entire street railway, electric-lighting and
gas plants in Fond du Lac. Franchises expire in 1947 and 1951. Owns all
the stock and guar. bonds of the Wisconsin Elec. Ry. V.88, p. 1252.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$500,000 Oct '15. 154
Stock $500,000 ($100)------187000 July 1 1924
Fond du Lac St Ry & L mtgel 1899 5 g J-J
at Nat. Exch. Bank,Milwaukee.
$250,000 ($500) g_r&c*ntfr
1,196,000 Oct 1 1923
1st mortgage $1,500,000 gold 1903 5 g A-0
c*tf Int. at First Say.& Tr. Co., Milw., Trustee.
($1,000)
Bonds.-$206,000 1st M. bonds are reserved for prior liens and $98,000
are in treasury. Bonds are subject to call on any int. date at 103 and int.
upon 6 mos.' notice. The Fond du Lac St. Ry. & Lt. bonds cannot be
called. They are guaranteed p.& I. by the Eastern Wis. B.& Lt.Co.
Dividends.-4% per annum was paid from 1907 to 1912 incl. In 1913,
1914 and 1915. 6%•
ROAD.-Operates 27 miles of track in Fond du Lac and between Fond
du Lac and Oshkosh. 70-1b. T rails.
REPORT.-For years ending Nov. 30:
Fixed Balance,
Taxes
Net
Operating
Gross
Earnings. Expenses. Earnings. Accrued. Chgs.(net) Surplus.
$332,445 $190,910 $141,535 $18,637 $62,651 $60,247
1913-14
58,653 55,205
15,918
129.776
190,189
319.965
1912-13
Latest Earnings.-For year end. Juno 30 1915, gross, $339,376; net, after
taxes, $134,123; charges (net,) $71,440; surplus, $62,683.
OFFICIERS.-Pres..H.F.Whitcomb, Milwaukee; V.-P.,J. F.Pritchard,
Manitowoc, Wis.; Sec. & Treas., H. F. Whitcomb Jr., Milwaukee; Gen.
Man., J. P. Pulliam.-V.87, p. 346; V. 88, p. 1252; V. 98. ri• 999. 1130.




FORT WAYNE, IND.
FT. WAYNE Sc NORTHERN INDIANA TRAC. CO.-A trolley road.
Controlled by same interests as the Ohio Electric By, and the Terre
Haute Indianapolis & Eastern.
ORGANIZATION.-Incorp.in Indiana on Feb. 13 1911 to take over the
Ft. Wayne & Wabash Valley Trac. Co. per plan in V. 92. p. 394, 594.
The Ft. Wayne & Wabash Valley Traction Co. had previously acquired
through consolidation or purchase the following companies:
Ft. Wayne Bluffton & Marion Tr.Co. Lafayette Street By.
Logansport Railway Co.
Ft. Wayne El. Lt. & Power Co.
Logans. Roch.& Nor. Trac. Co.
Ft. Wayne & Southw. Trac. Co.
Wabash-Logansport Traction Co.
Ft. Wayne Traction Co.
Lafayette & Logansport Trac. Co. Wabash River Traction Co.
Also controls Fort Wayne Power Co. and Carroll Electric Light Co.
Furnishes electric light in Ft. Wayne, Roanoke and Delphi; municipal
franchises extend to 1935 and 1998, except in Ft. Wayne, which for more
than X of street railway are perpetual,the balance being for outlying extensions and extending to 1937. Lighting franchises in Ft. W.extends to 1935.
$1,000,000 corn., 31,000,000 pref. and $1,000,000 1st and ref. bonds of
the Ft. Wayne & Nor. Ind. Trac. were issued tor $1,500,000 new cash.
Holders of Ft. Wayne & Wabash Valley corn. received only 44.44% in the
tom. stock of the Ft. Wayne & Nor. Ind. Trac.; holders of pref. received
$ tor $, but had to pay $17 50 per share in cash.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$4,000.000
Common,*4,000.000 ($100)See text
2.500,000
Q-M
Pref.6%(cum),S4,000.000($100)
3,000.000 Mar 1 1931
5%
1st & ref nitge V5.000,000.. tf 1011
5 g M-S
1,164,000 Mar 2 1919
Coll notes $1,200,000 ($1,-j 1914
000) red at 100 & hit on 30 Central Trust Co., New York, Trustee.
c*
days' notice_

SEPT.,19M.]

ELECTRIC RAILWAYS

45

STOCK AND BONDS- Date.
Interest.
ng. Maturity.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Ft W & W Val Tr 1st cons M1 1904 5 g M-8 Outstandi
$6,966.000 Mar 1 1934 Common $850,000
$701,300
$7,500,000g ($1.000) _Ott!Int. at Commercial Tr.
Phila..
Co..
trustee.
Prof
$400.000 57. non-cum
Ft W & W Vail Tr car trusts150,000
Freeport
Ry Lt & P 1st mtge 1903 5 g M-N
Series "A ($1,000 each)_tf
317,000
See text
5 F-A
40,000
See text
$350,000 g ($1,000)
01 American Tr. & Say. Bk., Chicago. trustee.
Ft W & N Ind TrFreep
R
y
&
Lt
mtge
$2,000,- 1910 5 M-N
Series "A"
539,500
Nov
1 1935
37,000
000 g($100.$500 & $1,000) Int. at Cont.& Comm.Tr.& S.B..Ch..trus.
Series "B $1,000 each)_tf
M-S
16,000
See text
Bonds.-Int. on F. R.. L. & P. bonds is payable at offices of Rudolph
Wabash Itiv Tr Co 1st mtge 1901 5
5 g F-A
275,000
1931
Meybolte
$350,600 ($1,000) g _ *ntf' Int. at N. Haven Tr.Co.. N.Haven.trustee. 1913 by Co.,Inc..in N.Y. Cin. and Chic. Are sub. to call after May 1
lot at 105 & int. $33,000 have been retired. Maturity of bonds is
Ft Wayne Tr mtge $17500,- 1899
4 g A-0
29,000 Oct 1 1929 as follows: $5,000 due
in each of the years 1910 1912 and 1913 and $5,000
000 gold ($1,000)
c*tf Int. at Guard. Tr. Co., Cleveland. Trustee. annually from
1915 to 1921 incl.. the remainder in 1922. A sk.fd.
Lafayette Street Ry 1st mtge 1893
provides
5%
J-D
225,000 June 1 1923 for the payment of$2,000
ann.for first 10 yrs. and $5,000 per ann.there($1.000 each) $225,000c5 tflInt, at Real Estate
Co., Phila., Trustee. after. Of the Preen. Ry.per
ez Lt. bonds, $350,000 are reserved for prior Hens
Laf & Log Tr 1st M $1,000,-J 1906 5 g J-13 Tr.849,000
June
1
and
1936
000 g ($1,000) gu p & ic*tf Int. at Guar.Tr.& S. D.Co.,Phila.. Trustee ury.$105,500 (in addition to amount shown in table)are held in the treasThey are subject to call at 1024 on 30 days' notice in 1915. Sinking
Ft W B & M 1st M $400,000 1905
400,000 July 1 1935 fund begins in 1915. V.
5C
91, Ps• 716.
gold ($1,000) guar p & L. tf lint. at Guar.
Tr.& S. D.Co. Phila„ trustee
EARNINGS.-For cal. year
Ft W Power Co mtge
1914,
$181,957; net, $71,808.
ttl 1907 5 M-N
57,700 Nov 1 1937
ROAD.-Operates 9 m, of track: 60gross.
and 90-lb. T rail. Standard gauge.
Int. at Guar. Tr.& S. D.Co.,Phila., trustee.
OFFICER
S.-Pres
., A. J. Goddard; V.-P. & Gen. Mgr., E. D. AlexanStock.-Both corn, and pref. stocks are listed on Phila. Stock Exch.
der; Treas., L. E. Jacobson. -V. 91,
V. 94, p. 826.
P. 716; V. 95. p. 480.
Bonds.-Of the 1st & ref. mtge., $8,807,000 are reserved to retire underlying bonds and remainder for acquisitions, ext. and addns.
Subj.
to call
FRESNO, CAL.
as a whole on any bat, day on or after Mar. 1 1916 at 105 and int. In addition
FRESNO TRACTION CO.-A trolley road.
to bonds noted above there are $3,500 lost bonds of the Loganspt Hy. outIn 1910 Southern Pacific assumed control
standing, due Sept. 11929. The Ft. W.& W. V. consols
and owns all the stock except
of 1904 are not • directors' shares.
subject to call before maturity. They are listed on Phila. Stock
The
Wab. Riv. Trac. Co. bs of 1001 are subj. to call at any time atExch.
ORGANIZATION.-Incorp. in California in 1903. Leases
105
&
the Fresno
int.
City Ry. Purchases power from San Joaquin Lt. &
Lafayette & Logansport 1st M. is closed; no more bonds can be issued.
Power Co.
The Lafayette St. Ry. 1st M. 6s were extended for 10 years to June
STOCK AND BONDS- Date.
1
Interest.
Outstandi
ng. Maturity.
1923 at 53- % interest.
Stock $5,000.000_ -($100)$5.000,000
Ft. Wayne & Wab. Val. car trusts are guar., p.& i., by end. by Ft. Wayne First mortgage,
$5,000.0001 1904 5 J-J
730,000 July 1 1944
& Nor. Ind. Trac. Co. Trustee is Fidelity Tr. Co.,
($1,000), gold
Phila.
c.ntff
The
Penn.
Int.
Co.
at
Union
Trust
Co.,
San Fran., Trustee.
for Ins. on Lives & Granting Annuities is trustee a Ft. W. &
N. I. Trac. Fresno City Ry first mtgef 1902 6 g J-J
100,000 Jan 1 1922
car trusts.
$150.000 gold ($1,000) c*tflUnion Trust Co., San Francisco
, Trustee.
The notes of 1914 are secured by $1,941,000 let & ref. 5% bonds
Bonds.-Fresno Trac. 1st M. bonds have a sinking fund commenci
of
the
company which are included in the $3,000,000 outstandi
ng in
reported above. 1909 of $2,500 per annum for first 5 years and increasing $2,500 per annum
An additional $500,000 of notes may be issued, but only ng
with the approval for each 5-year period thereafter to $17,500 per annum from 1939 to 1943.
of the Commission and under the terms of the mortgage
Fresno City bonds have a sinking fund of $3,000 per annum for first
securing
the
bonds pledged as collateral. V. 98, p. 1156.
years, $5,000 per annum for next five years and $7.500 per annum two
next 10 years, commencing Jan. 1 1905. Bonds cannot be called. for
Dividends.-On pref., 14% quer., from organization to Sept. 1912.
InIn terest payable
May 1913 a scrip div. of 3% was paid, covering divs.
in New York and San Francisco.
payable
Dec.
1912
and Mar. 1913. See statement in V. 96, p. 1422. None since,
COMBINED EARNINGS.-Incl. Fresno City By. Year ending
June
ROAD.-Operates 209 m. main track connecting Ft. Wayne, Hunting- 30 1914, gross, $240,972; net, after taxes, $64,803; int., rentals,
&c., $85.ton, Wabash, Peru, Logansport, Delphi, Lafayette and Bluffton; also local 730; deficit, $20,927.
lines in Ft. Wayne,Wabash,Peru,Logansport and Lafayette Total
ROAD.-Mileage operated (incl. 8.14 miles leased from
track.
Fresno
City
Ry.),
220 miles. At Logansport, Peru, Wabash and Bluffton. connectio
n is 44.25 miles. Also owns 8.51 miles of single-track operated by Southern
made for Indianapolis over tracks of Indiana Union Traction Co. In May
Pacific Co. Standard-gauge, 75-1b. "T" rail. 30 passenger
cars,
2
work
1906 began through service between Ft. Wayne and Indianapo
cars
and 1 locomotive.
lis over
tracks of Union Traction Co. of Ind. See V. 82,
1101. Rails, 60, 70,
OFFICERS.-Pres., W. F. Herrin; V.-P., Paul Shoup; Sec.
72. 80 and 90-1b. Owns 2 power houses and 4 p.
&
Aud.
,
pleasure
parks.
Owns H. A. Culloden, Los Angeles; Gen. Mgr., F. W. Webster;
180 pass, cars and 60 other cars. Controls entire electric light and power
Treas., M. S.
Wade.-V. 76, p. 1192; V. 77, p. 1746; V. 78, p. 1222.
business of Ft. Wayne.
REPORT.-For calendar years ending Dec. 31:
Calendar
Gross
Net (after Other
GADSDEN, ALA.
InterBalance.
YearEarnings.
Taxes). Income.
est.
Surplus.
ALABAMA CITY GADSDEN & ATTALLA RY.
1914
$1,831,914 $710,576 $6,478 $575,012 $142,042
1913
ORGANIZATION.-Incorporated under a special charter from
1,814,643
696,507
2,934
527,182
the
172.259 of Alabama. Operates,
besides street railway, a light plant, an Ice State
OFFICERS.-Chairman of Board, J. Levering Jones;
plant
Pres., James M. and a coal yard.
Barrett, Ft. Wayne; V.-P. & Treas.. Henry
C. Paul, Ft. Wayne; Sec.,
H. E. Vordermark, Ft. Wayne; Asst. Sec., H.
STOCK
AND BONDS- Date.
Interest. Outstanding. Maturity.
J.
Alker,
Phila.-V
.
92.
Stock $500,000 ($100)
p- 594, 794; V.94. p.826,982; V.96. p. 1296. 1422;
$330,000
V.98, p. 1071. 1156. New mortgage
1244.
$300,000 gold! 1906 5 g M-N
298,000 Nov 1 1936
($1,000)
tf 'Interest at Trust Co.of Amor., N. Y..Trust.
Bonds.-The unissued bonds are reserved for further
additions at 90%
of
cost.
New
bonds
are
subject
to call on any interest date at 105.
FORT WORTH, TEXAS.
ROAD.-Operates 11 miles of track, connecting the points
NORTHERN TEXAS ELECTRIC CO.-A holding company.
named in the
title. Standard gauge. 40 and 70-1b. T rail.
in 1910 began operating a
Of the common stock, $500,000 is owned by Pub. Service
2-mile extension to plant of Southern Iron &Early
Invest. Co.
Steel Co.
ORGANIZATION.-Incorporated in Maine Nov. 16 1905
OFFICERS.-Pres., E.T. Schuler, Gadsden, Ala.;
and owns the
entire stock and participating bonds of the Northern
V.-P. & Treas..
Texas Traction Co.. G. H. Schuler, Jacksonville, Fla.-V.83, p. 817.
which does all the electric-railway business in Fort Worth
and operates an
interurban line between that city and Dallas,
35 miles. Also owns the
capital stock of the Arlington Light & Power Co.
GAINESVILLE, GA.
Enters Dallas over its
own tracks. See V. 89, p. 411.
GAINESVILLE RAILWAY & POWER CO.
The Fort Worth Southern Trac. Co.(a subsidiary) incorp.
in
Texas
June
ORGANI
ZATION
.
-Incorpo
29 1911 to own and operate an interurban railway between Fort
rated Georgia in July 1909. Is successor
Worth and to the Gainesville Electric Ry.,sold atin
Cleburne, changed its name in 1914 to the Tarrant County
foreclosure. V.89, p. 103.
Traction Co..
STOOK AND BONDSand at the same time increased its stock from
Date. Interest. Outstanding. Maturity.
$1,500,00
0
to
$2,500,001
1
(outstanding $1,000,000-all owned by the Northern Texas
Stock,$150.000($100)
$130,500
Operates a line between Fort Worth and Cleburne,Tex., 32.5 Elec. Co.) Mortgage, $150.000. gold), 1909 6 g J-J
miles, and it
130.500 Jan. 1 1930
is proposed to extend the line from Cleburne
($5OO)
c*tff Int. at Cent. Bk.&Tr.Corp„Atlant
to
Denton,
the
rights
of
the
a,Ga..Trus.
Fort Worth-Denton Interurban Co. having been acquired.
Bonds.-Remaining bonds are for extensions and
betterments. Subject
Franchises of Northern Texas Trac. Co. in Ft. Worth V.99, p. 121.122. to call after 1914 at 105
expire in 1973; in
Dallas in 1920 and 1953; others between 1945 and
EARNIN
GS.
-For calendar year 1914. gross, $34,832.
In 1913, gross,
of-way outside of cities. Ft. Worth So. Trac. Co.1950; has private right- 334.806. In 1912. gross, $35,304.
In Ft. Worth and Cleburne expire in 1936; between these cities has private
ROAD.-Operates 6 miles between Gainesville and
right-of-way, except Chattahoo
New
Holland
and to
in towns,&c.,in which cases its rights expire
chee
Park. Standard gauge, 70-lb. T rail.
in 1961. V.92,p. 1243. Road
was completed in Aug. 1912 and began operation
OFFICERS.-Pres., W. A. Carlisle; V.
-P..W. H. Slack; Sec., Ophella
in Sept. 1912.
On Feb. 24 1913 increased auth. pref. stock from
Merck.
-V.
89.
p.
103.
$4,500,000 to $5,000,000 and the corn. from $2,500,000 to $5,000,000 (V.
96, p. 488.654), and
holders of both classes of stock were given the
GALVESTON, TEXAS.
new common stock at par. V. 96, p. 790. right to subscribe for $650,000
GALVESTON•HOUSTON ELECTRIC CO.-A holding company.
STOCK AND BONDS- Date.
Interest. Outstanding. Last Div.
ORGANIZ
Common $5,000,000 ($100)_
ATION.Incorp. in Maine on May 8 1907. Controls
Q-M
$3,150.000 Sept.'15,1
through ownership of stock the Galveston Electric
Pref 6% n-c $5,000,000 ($101
M &S
4,000,000 Sept.'15,3
Co. and the Houston
Elec. Co.. which companies do the entire electric
Coll trust M $10,000,000 gold 1910 5 g J-J
railway
3,264,000Jan 1 19 0 electric
part of the
sink fund (see text)c*Scr*tf Int. at Commonwealth
lighting and power business in Galveston and theand
Tr.
Co.,
Bost..
Trust.
railway business in Houston. Also owns stock ot Galv.-Houentire electric
No Tex Trac 1st M $2,500,0001 1903 5 g J-J
2,500,000 Jan 1 1933 an
s. Elec. Ry.,
($1,000) gold-no sinking Int. at Citizens' Say.&
interurba
n
road
between
and Houston, 44.5 miles, and guarTr. Co.,
Trus. antees Be bonds, p..1. and e.Galveston
fund
c*tf
or at Chase Nat. Bank, NewClev„
f. Franchises expire in Galveston in 1950,• in
York.
No Tex Trac participating M. -___
Houston, 1935. The interurban is on private
..*2,024,000
right-of-way. $500.000
com,
* ALL deposited as part collateral for the -collateral
stock
is
owned
by
Public Service Investment Co.
trust 5s of the North
Texas Electric Co.
Shareholders were offered at par on or
before Feb. 25 1914 31,000,000
Stock.-The pref. stock is redeemable at 110. V. 94,
paw
common.
V.
98.
522.
p.
This
issue
retired
the convertible 6s which
classes of stock are listed on the Boston Stock Exchange. p. 1449. Both fell due April 1 1914 and provided for future capital
requirements, &c.
Bonds.-Of the coll, trust bonds,$2,500,00 are reserved to
retire North- V. 98. p. 386.
ern Texas Traction first mortgage bonds;0$96,000.
STOCK
AND
BONDSDate. Interest. Outstanding. Last Div.
Coupon bonds are in denom. of $1,000; roles. bonds, have been retired. Common,$5,000,00
0 ($100)__
$1,000, $5,000 and
M-S 15 83.988,000
$10,000. Callable as a whole or in part,for sink. fd. only,
See text
at 105 and int. on Fret $4,000,0006% cum (3100) ---M-S /5 3.000.000
any int. date. Sinking fund of 1% of bonds out began Nov.
.3%
11911. Bonds Galv Electric 1st /vI $2,500,- 1905 5 g M-N 1.367,000 Sept.'15
are secured by deposit of all the stock of the North.
May 1 1940
gold (31.000)
Texas
c*tf
Trac.
Int.
Co.
at
Old
Colony
V.
90,
Trust
Co..Boston, Trusp. 373, 1239. The Northern Texas Traction Co. bonds
are
tee,or at company's agency in New York.
subject to call
as a whole on any interest day at 105 and interest.
Galv-Hous El Ry 1st M 35,- 1909
5 g A-0
2,944,000 Oct. 1 1954
DIVIDENDS.-First diy. on pref. (1%) paid
000,000 g guar
c&rtf Int. at Old Colony Tr. Co., Bost.,
March 1 1906 and 2% Hous
Trustee.
Sept. 1 1006; 1907 to 1915 (incl.), 6%
Elec
Co
1st
M
$2.500,- 1900 5 g F-A
per annum. First div. on corn.,
2,013,000
Aug. 1 1925
paid
Sept. 1 1909: in 1910, 57%; in 1911 and
2%,
000 g (31.000) sk d_ _ c*tf Int. at Internat. Trust Co., Bost.,
1912, 67.; in 1913
Trustee.
March, 147
Stock.-Pret. is callable at 120 and accum. diy.
0; June,
%; in Sept. rate was increased
Both pref. and corn.
to
% quer.;
Dec., 1(%. In 1914, 7%; in 1915, March,
listed on Boston Stock Exchange.
1%%; in June dividend was are
reduced to 1%; Sept.,
Galveston Electric Co.-Of the bonds.
$1,026,000 reserved for additions
REPORT.-Of the combined companies for
and
impts.
80%
at
of
cost
and
$107.000
have
been retired. A sinking
the 12 months ending of 14% of bonds certified
June 30 1915, gross, $1,819,725; net, after taxes,
began July 11906,if earned, and on July 1. fund
$762,255; interest, became a fixed charge. Bonds
1911
$291,378; sinking funds, $33,081; surplus,
are subject to call as a whole or in part
for
ROAD.-Subsid. cos. operate 150.24 miles$437,796.
sinking
fund
on
any
int.
date
at
110
and
int. on 30 days' notice. See V.81,
of track.standard gauge;207 p. 975.
passenger and 16 other cars. Power station has
Galveston-Houston Electric Ry.-Of the remaining
OFFICERS.-Pres., Marshall M. Phinney; V.capacity of 10,800 k.w.
bonds,
-Ps.,
$26,000
Guy L. Weymouth; held in trust for benefit of
Sec., Chester M. Clark; Treas., Henry B. Sawyer; Gen.
company and $2,000,000 are reserved are
for
Webster Mgt. Assn. Boston.-V.94, p. 1449; V. 95, p. Mgrs., Stone & acquisitions and impts. Denom., coup., $500 and $1,000;
reg., $1,000
V. 96,_p. 488, and 35,000. Subject to call on any
654, 790; V. 97, p. 444;
. V. 98, p. 1157; V. 99. p. 121;V.680;
int.
day
in
whole
or
in
100, P• 1593.
fund. at 105 and int. Sink,fund of 1% of bonds Feb. 1 part„ for sinking
1910 to 1944: thereafter 14%. First five payments waivable. Bonds are
guar., p.. 1. and
ø,f. by Galv.-Hous. Elec. Co. See V.90, p.697.
FREEPORT, ILL.
Houston
'
Electric Co.-Entire issue, but not any part, can be called
at
107%
and int. Sinking fund of 14% of bonds
FREEPORT RAILWAY & LIGHT CO.
ng payable on
Aug. 1 each year. See V. 74. p. 680. 3487,000outstandi
In Aug. 1912 control was acquired by Middle West
of bonds not reported
outstandi
Utilities
ng
was
Co..
held
which
by
this
fund on
see in our "Railway & Industrial Section."
31 1915.
DIVIDENDS.-On common, 14%July
semi-ann.
ORGANIZATION.-Incorp. in Illinois on Aug. 20 1910
Sept. 1909 to and
as a consolida. incl. Mar. 1912. amount then increased and paid since
tion of tile Freeport Ry. Light & Power Co.
2% In Sept.
In
and
the
Freeport
Mar.
1913
increased
Ry.&
to 24%.in Sept. to 3% and in Mar. 19141912.
Light
Co.(the holding company).
to 34%;
Sept.,34% In 1915,Mar.,34%,Sept. 1915 div. omitted.
Franchises expire March 1 1923. Has traffic arrangeme
(V.101.p.845.)
nt
for
50
years
EARNING
with the Rockford & Interurban Ry. Co., allowing cars
S.-Of
combined companies for 12 mos. ending June 30
of that company 1915, gross, $2,185,51the
to enter Freeport. Also has contract for city
2; net,after taxes,$944,280;int.,3316,519;sink.
lighting.
funds.
$89,225; surplus, $508,536.




46

[VOL. 101.

ELECTRIC RAILWAYS

ROAD.-Owns 31.29 miles of track. Operates between Conneaut and
ROAD.-Operates 159.69 miles single track; 269 passenger and 34 other
Erie. Standard gauge; 60-lb. rail; 9 passenger and 8 other cars.
cars. Power stations have capacity of 6,582 k.w.
OFFICERS.-Pres., C. E. Willock, Pittsburgh; V.-P., J. S. Billing.
OFFICERS.-Pres., Marshall M. Phinney; V.-P., G. L. Weymouth;
Sec. Chester M. Clark; Treas., Henry B. Sawyer; Gen. Mrs., Stone & Erie, Pa.; Treas., J. R.McDonald, Erie, Pa.; Sec., J. M.Smith, Girard.
V. 96, p. 419. 652; V. 9,P. 666. Pa.; Mgr., R. W.Palmer, Girard, Pa.
'
-V. 95, P. 679; V
Mgt. Assn.
Webster
802, 1024; V. 98,p. 155, 386, 522; V. 101.p. 845.

GIRARDVILLE, PA.

GARY, IND.
SCHUYLKILL RAILWAY CO.
ORGANIZATION.-Incorporated in Pennsylvania on July 20 1903 and
GARY 5c INTERURBAN RR,
ORGANIZATION.-Incorp. Jan. 28 1913 in Indiana as a consolidation purchased the property of the Schuylkill Traction Co. and the Lakeside
of the Gary & Interurban By., Gary Connecting Rys., Valparaiso & North- Ry. Co. V. 80, p. 1729.
ern By. and the Goshen South Bend & Chicago RR. V. 96, p. 1422.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Prior to consolidation the last-named had owned all the stock a the Gary Stock, $400.000 ($50)$400.000
Connecting Rys., 51% of the stock of the Valparaiso & Northern Ry, and First consol mtge.$1.45(3.-0-66, it568
640.000 April 1 1935
X-76
81companies
four
about 40% of the Gary & Interurban Railway's stock, the
Int. at Fidelity Trust Co., Phila., Trustee.
$1,000)__c*
and
gold
($500
having been operated under joint contract.
-Of the remaining first consol. bonds, $760,000 are reserved to
Bonds.
at
Court
Superior
the
in
Tuthill
Judge
1914
10
Nov.
-On
Merger Decision.
retire the underlying liens in statement below and $50,000 are in treasury.
Valparaiso, Ind., denied the application of minority stockholders to set Are subject to call at par and interest.
aside the merger. V.99, p. 1451.
EARNINGS.-For year ending June 30 1912, gross, $188.471; net, after
stock
capital
the
outstanding
on
of
10%
assessment
Assessment.-An
int.. &c..$51.183; other deduc'ns. $1,917; surp.. $25,522.
of the Gary & Interurban RR. was called in 1914, payable within 60 days. taxes,378.622;
OFFICERS.-Pros., Powell Evans, Phila.' Sec. & Treas., J. A.McKee;
to pay floating debt, &c. Under the laws of Indiana, in which State the
Bala, Pa.; Gen. Mgr., W. S.
'
and
Sec.
& Treas.. Chas. E. Hanna,
Asst.
foreclosure,
Phila.;
without
be
assessed
can
company operates, stockholders
failure to pay the assessment within the prescribed time subjects share- Leib, Pottsville.-V.80. p. 1729; V. 82. p. 1157; V. 87, P. 286.
holders to forfeiture of their stock. V. 99, p. 674.
(1) Schuylkill Traction Co.-A trolley road.
Fare Reduction.-On Aug. 18 1914 the City Council of Gary caused to
ORGANIZATION.-Chartered Sept. 26 1892, in perpetuity, under the
be published a notice that the company must sell 8 tickets for 25 cents.
1893. On
Authority for this order is based on the franchise granted to President Motor Traction Act of March 22 1887. Road opened June 1 Girardville
after
years,
5
for
fare
-cent
3
a
Jan.6 1893 leased for 999 years the Mahanoy City Shenandoahthe
Gavit in 1907, who, it was claimed, offered
Ashland
999 years
the line was placed in operation. V. 99, p. 608. No effort has beon made & Ashland Street By. On Oct. 5 1893 leased for
roads,
Locustdale & Centralia Elec. By. Owns all the stock of these twofor
to enforce the order.
999
leased
1900
27
April
On
In
1957.
first
follows.
mortgage.
Gary.
as
the
under
which is pledged
Franchises of old Gary & Interurban Ry. expire
years the Lakeside By., which connects the two ends of the company's
Tolleston, 1959; East Chicago & Indiana Harbor. 1949; Hammond, 1939.
the
of
5.000
2,600
Northern
purchased
and
&
Shenandoah
City
to
Valparaiso
Mahanoy
the
from
on
due
routes
1914
Oct.
$250,000
1
-Interest
Default.
April shares of the capital'stock. On Jan. 24 1901 leased the Shenandoah &
1st 5s was defaulted, but was subsequently paid. Up to Sept. 1915on
the Pottsville Street R
- y. for 999 years (incorporated Aug. 1 1900), and from
1915 int. had not been paid. Dec. 1 1914 and June I 1915 coupons
Inter&
Gary
the
on
Pottsville to Shenandoah. 13 miles. and bought all its capital stock. The
coupons
and
July
1915
Jan.
Gary Conn. 1st 55 and
have Lakeside Shenandoah & Pottsville stock is pledged under consol. mtge.
urban By. ref. & 1st M.55 are also in default. Protective committees
Interest. Outstanding. Maturity.
been formed with Dimner Beeber, Pres. of Commonwealth Trust Co.,
STOCK & BONDS-Miles. Date.
3500.000 April 1 1943
5 g A-0
Phila., as Chairman,and deposits of bonds have been called for. V.100.p.733.
1893
a 1st M.$500.000. g,$500 22ii
Equitable Tr. Co., Trustee, Phila.
Int. and prin. of the $350,000 notes due Sept. 1 1915 was defaulted and
at
paid
is
Int.
0,000
$
f,
$1.000,s
&
protective committee was formed with Douglas H. Gordon, Pres. of Baltiy'ly after Apr.'98..c5 Bonds may be purchased for sinking fund at 105.
846.
p.
V.
101,
called
for.
150.000 Nov 1 1923
more Trust Co., as Chairman, and deposits
1st M. Lakeside Ry. g. 5M 1893 4 g M-N
Interest. Outstanding. Maturity.
$150,000, guar'd by Interest at Equitable Trust Co., Philadelphia,
STOCK AND BONDS- Date.
33.722,875
Schuylkill Traction_ _
Common $4,000,000($100)105.000 July 1 1951
43 g J-J
997,975
New consol mtge. Beet _ _ _ _ 1961
Fret6% non-c $1,000,000(3100)_
text ($1,000), g_ _..c*!Interest at Fidelity Trust Co., Phila., Trustee.
Gary c% Interurban Ry5.000
1,000,000 July 1 1930 Power-house mortgage_
5 J-J
Refunding and first mortgage 1910
Lawrence
Bonds.-Auth. amount of consol. mtge. was $2.000.000. but mtge. has
$10,000,000 gold ($500 and Int. in N. Y. or Chic., or through
$36,000 are held
,Tr.a
Ch.
Bk.,
bonds
Sav.
outstanding
the
&
Of
Tr.
Co.,W.
&
out.
Barnum
with
closed
$105,000
been
$1,000)
350,000 Sept 1 1915 in the treasury. Subject to call at 105 and interest. Sinking fund of 1%
Cony notes $350,000 gold 1912 6 g M-S
c* Baltimore Trust Company, Trustee.
of bonds out became operative Aug. 1 1907.
($500 and $1,000)
Gary Connecting Rys.ROAD.-Schuylkill Traction Division, 22M miles of track, beginning at
400,000 June 1 1921 Locustdale,
5 g J-D
First mtge $400,000 gold j 1911
thence through Ashland, Holmesville to Girardville, forming
($500 and $1,000) guar_ _c*(Western Tr.& Say. Bank,Chic., Trustee.a
there a Y, one branch running through Lost Creek to Shenandoah and the
Valparaiso & Northern Ry.to MaizevIlle. Gilberton and Mahanoy City. Lakeside Divibranch
other
250,000 April 1 1930 sion, 5X miles.
5 g A-0
First mtge $250,000 ($100) gf ____
Total, 28 miles. 60 and 70-1b. T rail. Extensions of 43
c)Int. at Met. Tr.& Say. Bk., Chic.. Tr.a
callable at 105
miles proposed and charters obtained. Operates 51 motor cars, 4 work
Gary & Interurban RR.
Extensive improvements have been made.
sweepers.
snow
2
and
cars
100.000 Nov 1 1915 V. 80. p. 1729.
6%
Coupon notes $100.000 ($5004 1913
and $1,000) (closed) go P&I1
608.
p.
a William T. Abbott, associate trustee. V. 99,
GLOVERSVILLE, N. Y.
Stock.-Authority has been given to increase stock to $7,500,000 as reFONDA JOHNSTOWN & GLOVERSVILLE RR. CO.-Steam and
quired. Pref. stock is to share in dividends on same basis with common
electric road.-See statement in "Railway and Industrial" Section.
after latter has received 4%.
Gary & Interurban Ry.-Remaining bonds may be issued for 90% of cost
call
to
Subj.
restrictions.
certain
under
&c.,
of extensions, improvements,
GRAND RAPIDS, MICH.
and
at 105 and int. Sk.fd. of 1% of bonds out each year from 1915 to 1920
COMMONWEALTH POWER. RAILWAY & LIGHT CO.
1385. Convertible notes are secured by deposit
2% thereafter. V. 91,
of
all
and
out
1928,
due
5s,
M.
1st
By.
Chicago
East
p'
of $500,000 (entire issue)
ORGANIZATION.-Incorporated in Maine Feb. 19 1910 to carry gas,
int. on Sept. 1 1915 the
plan outlined in V. 90, p. 108. 447, for amalgamating certain
its $500,000 stock. Cony, into said bonds at 90 and
& I. by the electric light, power and street railway enterprises in Michigan.
upon 60 days' written notice. The E. Chic, bonds are guar. p.
Controls through stock ownership the
Gary & Inter. By. The deed of trust provides that the Gary & Inter. By.
Manistee Railway Co.
Power Co.
acquire the E. Chic. By. upon the maturity of the notes, when an equal
re- Consumers
Saginaw-Bay City Railway Co.
Grand Rapids By.
amount of Gary & Inter. Ry. ref. 5s, due 1930 will be reserved for the
Notes
890.
p.
95,
V.
1928.
Cadillac Water & Light Co.
Light
Co.
Michigan
demption of the E. Chic. By. 1st M.5s due
RR. Michigan Railway Co.
Grand Rapids Holland & Chic. Ry.
are listed on Baltimore Stock Exchange. The Gary & Interurban
Springfield (0.) Lt.. Ht. & Pow. Co.
notes are red. at 102 and int. on 60 days' notice. Guar., p. & I., by the Michigan United Traction Co.
Union Railway. Gas & Electric Co.
Gary & Interurban RR. the Valparaiso Northern By. and Gary & Inter- Manistee Power & Light Co.
'
On June 30 1915 constituent companies had outstanding in hands of
urban By. V. 98, p. 610.
Interest due Sent. 1 1914 on the 3-year convertible 6% notes of the the public $66,095,000 bonds and $11,895.600 preferred stock.
Gary & Interurban Ry, was paid Nov. 29, 1914. V 99. p. 674; V. 100.
On
May 15 1913 the company acquired (through exchange of new stock
p. 305. March 1915 interest was paid when due. Sept. 1915 int. and on basis shown in V.96, p. 1296) the outstanding capital stock of the Union
above.
remarks
see
prin. defaulted;
ity.. Gas & Elec. Co. and the Springfield (0.) Light Co.(V. 96. p• 1298)
Gary Connecting Rys.-First mtge. bonds are subject to call at 105 and lot and the Michigan Rys. Co. See plan in detail in "Chronicle", V.96, p. 1296.
Int. at Lawrence Barnum & Co., New York. The bonds are unconditionCapitalisation after Issue of Aforesaid Securities.
ally guaranteed by the Gary .St Interurban RR.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
EARNINGS.-Of Gary & Interurban RR.for year ending Juno 30 1915, Common
s$18.000,000 Aug'15,1%
gross, $278,556; net, $22,093; interest and taxes, $152,328; deficit, $130,234. Preferred($100)
See text.
16,000.000
Q-F
(6%
cum)
($100)Tolleston
through
extension
and
Gary
in
lines
ROAD.-Operates local
10,000,000 May 1 1918
M-N
6
1913
($100.1
Cony
bds,
$10.000.000
running
lines
to Hammond and East Chicago (connecting at Hammond with
Philadelphia.
and
York
in
New
payable
ttfInt.
$500 and $1,000)_c5._
to centre of Chicago), 22 miles; an extension to Indiana Harbor, 13 miles;
La Porte to Goodrum,22 miles; Gary to Goodrum, 16 miles; from Chester* Under the plan, 32,500,000 additional common stock was issued May 1
ton and Porter, through Goodrum to Valparaiso, 12 miles; total miles of 1915
and $3,000,000 more is to be issued May 11916.
track. 85. Standard gauge; 60 and 85-1b. T rail.
Preferred stock is redeemable at 105 and accrued dividends.
ChiMiller,
C.
A.
-P.,
V.
Ind.;
Whiting,
OFFICERS.-Pres..F.N.Gavit,
Bonds.
-The proceeds of the cony, bonds were used (1) to retire the
cago; Sec., C. W. Chase, Gary; Treas., L. E. Woodward, Gary.-V. 96. $2.000.000
notes maturing June 10 1913; (2) for the acquisition of $2,100,p.359, 1422; V. 97, p. 950. 1426; V. 98, p. 610; V. 99, p. 608, 1451; V. 100. 000 pref. stock and approximately 31.500.000 notes of Michigan Rys. Co.:
p. 305, 397, 642, 733; V. 101, p. 773, 846.
available for company's purposes. Bonds are cony. (In
was
remainder
amounts of 31,000 or multiples thereof) on or after May 1 1916 into an equal
amount of preferred stock at par, and upon conversion bondholders will also
GENEVA, N. Y.
receive common stock equal to 30% of bonds so converted. V.96. P. 1296.
GENEVA SENECA FALLS & AUBURN RAILROAD CO.. INC.
Co., New 'York. Is trustee.
ORGANIZATION.-Incorp. May 28 1913 as successor of the Geneva & 1556. Bankers Trust
Dividends.-Quar. divs. of 1M % on pref. have been paid since organizaServ.
Commission
Public
Auburn Ity. sold at foreclosure March 14 1913.
tion. First div. on com.-1%-paid May 1 1913; same rate guar. since to
authorized the sale of 3524.000 bonds at not less than 85. V.97. p. 298.
The Public Service Commission in May 1915 auth. the issue of $37,150 and incl. Aug. 1915.
REPORT.-For the year ending June 30 1915 will be found in V. 101, P.
6% serial notes maturing within 6 years, the proceeds to be used for
444.
additions, improvements, &c.
Condensed Earnings Statement for Years ending June 30.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
[Incl. earnings from May 1 1913 only on stocks acquired that date.]
$157,100
Stock.$200,000.
1911-12.
1912-13.
1913-14.
1914-15.
494,000 July 1 1943
1913
5%
Bonds, $524.000.
37,150 See text. Earnings on stocks owned
6%
1915
Serial notes
$1,098,931
$1,500,209
$2,463,861
$2,382,175
sub-companies
in
net
$39,350.
EARNINGS.-For year ending Dec.31 1914,gross. $97,272;
82,238
155,306
517,823
500,517
ROAD.-Extends from Geneva to Cayuga Lake Park through Waterloo Miscellaneous earnings
and Seneca Falls. Length of main tracks 15.916 miles; sidings, .871 miles;
$1,181,169
$1,655,515
$2,981,684
$2,882,692
earnings
Gross
miscellaneous, .36 mile; total, 17.147 miles. Rails, 70, 80. 90 and 100-1b.
$64,865
$90,186
$114,508
$104,316
Expenses and taxes
T;track standard gauge.
14,198
129,094
659,842
602,700
OFFICERS.-Pres., R. R. QUay, Pittsburgh, Pa.; V.-P. & Gen. Mgr., Interest paid
360,191
*460,000
960,000
960,000
W.B. Atwood, Seneca Falls, N. Y.; Sec., L. G. Hoskins, Geneva, N. Y.. Divs. on pref. stocks__
; Asst. Treas., W A. Shirley, Waterloo, N. Y - Divs. on com. stocks__(4%)620,000(4%)620,000(2%)275,000
Treas..
V. 96, p. 1629; V. 07. p. 298.
$439,254
$954,280
' 82,287,016 $2,354,350
Balance for replacements,
$741.914
$701,234
$627,334
$595,676
GIRARD, PA.
depreciation, &c
CLEVELAND & ERIE RAILWAY CO.
$100,000 to cover
includes
(3460,000)
in
1912-13
charge
div.
The
*
pref.
Conto
successor
ORGANIZATION.-Incorporated in June 1909. Is
requirements for May and June 1913 on the $10,000,000 of addineaut & Erie Traction Co.. sold at foreclosure. Owns all the stock and dividend
preferred stock issued as of May 1 1913.
bonds and leases the Conneaut & Erie Traction Ct. of Ohio, which owns tional
earnings for the 12 months ending June 30 1915, gross, $14,Combined
1.99 miles of track. Franchises are for 999 years.
033,333; net, $7,289,298; int., taxes, &c.,$5,113,622; surplus,$2,175,676.
tstanding. Maturity.
Intes
STOOK AND
PROPERTY, &c.-Through its constituent companies, owns and operStock.$300,000..---------------------8300,000
ates electric railways serving 67 cities and towns with 921,98 miles of single
500,000 July 1 1929 track; revenue pass. carried during year end. Juno 30 1915, 92,041,874; elecFirst mtge. 3800,000, gold 1909 5 J-J
Phila., trustee. tric light and power companies serving 98 cities and towns with sales during
c Int. at Fidelity Trust
($250 and $500)
July 1 1929 the year ended Juno 30 1915 of 218,887,970 k. w. h.; 17 hydro-electric
500.000
Co.'
Income bonds $500.000 ($250 1909 5 July
Int. at Fidelity Trust Co., Phila.. trustee. plants; 19 steam electric plants with an installed capacity of 165,000 h. p.;
and $500).
Bonds.-Remaining first mortgage bonds are reserved for extensions, high-tension transmission lines aggregating 979.55 miles in length; gas
betterments, &c. They are subject to call at 105 and int. on 3 months' companies serving 14 cities, with sales during the year ending Juno 30 1915
notice. Int. on income bonds is only payable if earned, and is non-cum. of 2,120,649,800 cubic feet.
They are subject to call at par. Bonds have no sinking fund. No interest
C. M. Clark; V.-P..
OFFICERS.-Pres.. Anton G. Hodenpyl;
has been paid on incomes.
Asst. Sec. & Asst. Treas..
Geo. E. Hardy; Sec. & Treas., Jacob Hekma;V.-P..
EARNINGS.-For 12 mos. ending June 30 1914, gross, $120,811; net, 0.
976;
V. 91. p. 38, 212;
916,
447,
626,
p.
108,
-V.
90,
Jr.
Pearson
A.
for
$16,248
$47,655; other income, $464; int., taxes and rentals, (including
V. 92. P. 260. 794: V.93.P. 1786: V.94. P. 767; V. 96, p. 135. 1296. 1423.
depreciation and replacements), &c., $54,819; deficit, $6,699.



SEPT., 1915.]

ELECTRIC RAILWAYS

1556; V. 97, p. 236, 1426; V. 98, p. 450, 610. 689. 1993; V. 99,
p. 534.
969, 1130, 1366, 1597; V. 100, P. 471, 1592; V. 101,
P. 444.
(1) Michigan Railway.
ORGANIZATION.-Incorp. July 22 1909 as the Michigan & Chicago
Ry. and on Mar. 21 1914 changed its name
Michigan Railway and acquired the Saginaw & Flint Ry. and a new to
10-mile line from Saginaw to
Bay City.
Franchises.-The company owns in fee the right of way on line from Grand
Rapids to Kalamazoo; from Allegan to Battle
Creek and from Saginaw to
Bay City, and for 17 miles of its line from
Saginaw to Flint. Franchises
on the balance of the Saginaw-Flint line are regarded
as perpetual.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common stock $6,000,000_
*83,000,000
1st mtge $15,000.000 gold 1 1914
See text June 1194'!
5%
($1,000, $500, &c)
Mich. Tr. Co. and Frank A. Gorham,trust.
1st lien gold notes 37,000,000 1914 5 g J-D
5,000.000 June 1 1919
(31.000, $500 Sr 8100) guar Bankers Tr. Co., N. Y., and Detroit Tr.
prin & int
Co.. Detroit, Trustees.
c*
* All owned by Commonwealth Power Ry. & Lt. Co. and deposited
as
security for the 5-year gold notes (V. 98, p. 1993).
Bonds.-Of the $15,000,000 auth. bonds, 36,250.000 is deposited as
part colateral for the notes.
Notes.-The remaining $2,000.000 notes may be issued
to extent
of 80%, of cash expenditures for extensions, impts., &c.,only
under certain
restrictions (V.98, p. 1993). Guar. prin. & int. unconditionally
Common
Pow. Ry. & Lt. Co. by endorsement. Int. payable in N. Y. orby
London at
2.4 8665 per Z. Red. on mt. dates at 103 & int. In 1916; 102 & int. in 1917,
and 101 and int. in 1918. 38,915,700 par value of stock of several companies controlled by the Corn. P. Ry.& L.00. isrdeposited as collateral sccurity.

47

cordance with the statutes (V. 95, p. 1010). and in Dec. 1912
the suit. V. 95. p. 1747. The Peoria Light Co. owns all he dismissed
the 82.500.000
610 cum. pref. and the $5,000.000 corn. stock of
the Central
Lt. Co.
(v.99.p. 1132) which was incorp. in April 1913 and took overIllinois
of the Peoria Gas & Electric Co., Citizens' Gas & Elec. Co.the properties
of
Pekin
and
its subsidiary company, the Pekin Lt., Ht. & Power Co. Washingt
on (III.)
Lt. & Power Co.. Elmwood Elec.
Co., Farmington Lt. & Pow. Co. and
the Elec. Service System. The Lt.
Ry.. Gas & Electric subsidtary
companies own and operate streetUnion
railway properties in Springfield and
Rockford, Ili., Evansville, Ind., and
Janesville. Wis.. and interurban
lines from- Rockford to Freeport
and Belvidere. Ill., through Beloit, Wis..
to Janesville, Wis.. from De Kalb
Sycamore, Iii., and from Evansville
to Princeton and Patoka, Ind.,• alsoto
gas, electric and steam-heating properties in Peoria, Springfield and Pekin,
Ill. and Evansville, Ind.; electric
light and power and steam heat in De Kalb
'
and Sycamore, Ill., and electric
properties in numerous other cities and towns
in Illinois.
Exchange of Peoria Light Co. Bonds.-Holders
of the collateral trust
5% 30-year bonds of the Peoria Light Co. have the
option of exchanging
their bonds for Central Illinois Lt. 1st & ref. 5s (see below),
dollar for dollar.
also receiving 3% in cash. As of Sept.
15 1915 all but $321.000 of the
$2,500,000 bonds had been so exchanged
.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $6.000.000($100)_
$6.000.000
See text
Prof$12,000,000 cum ($100)5,250,000 July'15, 13i
6 Q-J
Collateral trust mtge. gold 1909
5
J-J
4,000.000 July 1 1939
($500 and $1.000) _ ....c* .tf Commercial Trust Co..
Phila., Trustee.
Gold notes $4.000,000 45.- 1913
5 M-S
1.500,000 Mar 1 1916
000)
c*_tf Interest at Bankers Trust Co.. N.
Y.. Trustee, or at company's office.
Springfield Ry. c% Light Co.Springfield Ry&Lt coil tr M 1903
ROAD.-Owns and operates an interurban electric
5 J-D
3,075,000 June 1 1933
34.52 miles
35,000.00 g ($1.000) c*_ tit Fidelity andgColumbia
long, extending from Flint to Saginaw, with branch railway
Tr. Co.. Loulsy.,trus.
Frankenmuth; an Springfield 0Con
Ry consolj 1893
interurban railway from Saginaw to Bay City, 10.83tomiles,
5 g J-D
750.000 June 1 1933
mtg $750.0006($1.000) c.tf Columbia Trust
since May 1 1914; a railroad from Allegan to Battle Creek, in operation
Co..
Louisville
. Trustee.
42.42
miles,
Rockford
& Interurban Ry. Co.
formerly operated by steam but was electrified; new high-spee
d interurban Rockford & Inter - Urban-I line, 52.98 miles, extending from Grand Rapidsato
1902
5
g
A-0
Kalamazoo. ConstrucOct 1 1922
1st mtge. gold ($500 and;Interest at First Nat.1.710,000
tion on this line completed in Dec. 1914 and regular
Bk., N. Y., or at Conservice was begun
$1,000) 33,000.000..c*..ntfit tinen. & Com. Ti'. & Say.
May 17 1915. A line from OWOSSO to Saginaw (37 miles)
Bk., Chic-trio.
is proposed. Rockford & Freeport
Also owns a hydro-electric plant of 1,000 h.
first
1903
5
g
M-N
p. on the Manistee River.
May 1 1923
mtge. $750.000, gold. gu Int. at Con.& Corn. Tr.582.000
& Say.Bk.,Chicago
OFFICERS.-Pres., H. II. Crowell; V.-P., B. C. Cobb, W. A. Foote,
1:. & i ($1,000&$500)c*..ntf
Trustee.
Frank Stillman Jr. and Geo. W.Mecham; Sec.,
G.B. Dobbin; Treas., J.W. Rockford Bel & Janesville 1st '1905
5
A-0
g
Glendening. Office, Kalamazoo, Mich.-V. 98. p. 1993; V. 99,
Oct 1 1930
mtge g (81.000) s f __c*..tfi Int. at Cont.& Corn.1.000,000
p. 407,
Ti'. & Say. Bk., Chic..
1451, 1598; V. 100, p. 398, 1752.
Trustee, or First Nat. Bank, New York.
De
Kalb-Syca
(2.) Michigan United Traction Co.
more cre. Interurban Trac. Co.
De Kalb-Sycamore Electric! 1907
All the stock is owned by the Commonwealth Pow., Ry.& Lt. Co.
J-D
85.000
1922
first mortgage
.ntf tint.at Cont.& Com.Tr.& S. Bk.. Chic.. Tr.
in Dec. 1911. Stock $100,000. Lease,
Peoria Light Co.
ORGANIZ
the
Mich. United
ATION.Rys.
Incorp.
for 999 years. On March 18 1912 the Mich. Ry. Peoria Lt. Co. coll. tr. mtge.f 1906
J-J
5
See text July 1 1936
Engineering Co. was incorp. in interest of Mich. United
$5,000,000 iic ($1.000)_c*.tf t Bankers'Trust Co.,New York,Trustee.
care of its repair and construction work. V.94. p. 1317. Trac. Co. to take Peoria
Gas & k.,lec. Co. 1st M.f 1903
5 J-J
2,500.000 Jan 1 1923
EARNINGS.-For year end. June 30 1915, gross,
32,500.00
(31.000)
0
g
..c*tf
tBankers
Trust
York,Trustee.
$1,778,184.
Cent Ill Lt 1st & ref M $15,- 1913 5 g A-0 Co.. New
OFFICERS.-Pres., B. C.Cobb, New York; V.-Ps.,
3,464,000 April 1 1943
Frank Stillman Jr.,
000,000 ($100, $500. 31,- Bankers Trust Co.. New
Phila., and John F. Collins, Jackson; Treas., J. W.
York, Trustee.
Glendenin
g,
Jackson.
000)
c*
Sec.. G. B. Dobbin. Jackson; Asst. Sec. & Asst. Treas., S.
E. Wolf, N. Y. Citizens Gas & Electric 1st M 1902 5 F-A 15
-V.94, p. 631, 698. 1317.
72,000
1922
$200.000
ntf hit. at Merchants' Loan & Trust Co.. Chic.
(a) Michigan United Rys.-A third-rail and trolley system.
Evansville Light Co.
ORGANIZATION.-Incorporated in Michigan on
March 31 1906 and Pub Util Co 1st lien & ref MI 1912 5 J-J
21.000 July 1 1942
on May 1 1906 took over the Michigan Traction Co.. the
$10.000.000 ($1.000)_--tf Commercial Trust Co, Phila..
Michigan Traction
and Charles
Extension Co.. the Jackson & Battle Creek Traction
Co.
P. Lineaweaver, Trustees.
the Lansing &
Suburban Traction Co. The Lansing & Jackson Railwayand
Pub
utii
pref
83.000,00
0
earn)
Co.
has
also
been
deeded to the Michigan Un. Rys.
57 Jury 1913 to Jan 19154 ---J-J
2,200.000 Jan'15.23i%
In 1908 purchased Jackson Consolidated Traction
6'7o thereafter
84, p. 1183,
and V. 87. p. 285. Latter company's franchises in CO. V.
expire in 1960. Pub Util colt tr notes 31.615,- 1913 6 g M-S
1.555,000 Mar
The City of Jackson has the right to purchase theJackson
000
($5,000) g
Jackson Consolidated
c* At Int. in N. Y., Phila. and Evansville. 1 1916
Traction at an appraised value in 1930 and each 5 years
Callable at par & interest.
thereafter.
Guaranty Trust Co.. New York. trustee.
In April 1911 leased for 5 years the Kai. Lake Shore &
Evansv
&
So
Ind
1st
con
MJ
Chic.
Ry.,
1907 5 g J-J
which
Jan 1 1937
operates a steam line between Kalamazoo and South Haven,
34.000,000 g (31.000)..c*t lCommercial Trust Co.. 41.000
about 54 miles,
Phila.. trustee.
and (during the summer only) from South Haven to Paw
Paw Lake, 17 in., Evansville El Ry 1st rntgej 1901
4 g M-N
1,200.000 May 1 1921
and will equip it for electric operation.
$1,200,000g ($1,000) _c*tf Int.at Farmers'L.& Tr.
Co.. N. Y.. trustee.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Evansv & Prince 1st mtge 1903 5 g A-0
320.000 April 1 1923
8400.000 gold($1,000)sink- Int. at Cit. Say.& Tr. Co.,
Common,36.000,000 ($100)-_
Cleve., Trustee.
$6.000,000
lag
fund
Prof 31,000.000 ($100)6% cu.. ____
c&r..tf
or at First National Bank. New York.
-M-3
1.000 000
See text Evansv Gas & El Lt 1st & ref 1902
1st & ref mtge $12,500,000 1906
5 J-D
5 g M-N
8.399,000 May 1 1936
June 1 1932
mortgage $1,250,000 gold Int. at Cont.& Corn.1,220,000
old ($1,000, $50 . $250. Int.at Columbia Ti'. Co.,
Tr. & Say. Bk..
N.Y., trustee.
100 and $50)__ _..c&r.tf
($1,000)
c* .tf
Trustee, or at First Nat. Bk.. New Chic..
or Nat. Provincial Bk.of Eng.
York.
Loudon.
Mich Trac 1st mtge1901
Stock.-Pref. stock is subject to call at 105 and accrued dividends
5 g J-J
454,000 Jan 1 1921
.
$700,000 ($1,000) g c*..ntf Interest at New York Trust
Co., Trustee.
Bonds
.-The
Union
Ry.,
Gas
Elec.
&
coll,
Michigan Trac Ext 1st mtge 1903
trust
mtge.
secured by de5 g J-D
329,000 DecD
1 1923 posit of practically all stocks (corn. & pref.) of subsidiary is
$500,000(31.000) g__..c..tf Int. at Columbia Tr. Co.,
cos. Additional
N. Y.,Trustee.
bonds may be issued only under rigid restrictions (V.89.p.
Jackson & Battle Creek first 1903
226). Interest
5 g .14
Jan 1 1923 is payable at Hodenpyl. Hardy & Co., N. Y.,and
mortgage, $1,200,000 ($1.- Interest at Citizens' 1.200.000
E.
W.Clark & Co.,Phlla.
Savings & Trust Co., Bonds redeemable at par & int. on 60 days'
notice. They are convertible
000) gold
c*.tf, Cleve. Trustee. or First at. Bk..
N. Y. into pref. stock at par. V. 89, p. 226:
Jackson Consol Trac 1st mtge 1904 '
93. p. 528. The 3-year notes
5 g M-N
790.000 May 1 1934 are red. as a whole, but not
in
part,
100
$1.000,000 gold (3100,3500{Interest at Guardian Trust
at
and
V.
Co., New York, days' notice. Additional notes may be issuedint. on any int. date on 30
and $1,000)
with certain restrictions.
.c*tf
Trustee.
See V. 96. p. 717.
Bonds.-Of the $12,500,000 first and refunding bonds,
sufficient aro
reserved for prior liens and remainder for additions, bettermen
Springfield Railway & Light Securities.-Of the Springfield Railway
ts
and
im&
provements. Are subject to call after May 1 1916
Light collateral trust mortgage of 1903. $507,000 are reserved
110. V. 82,
for additions and improvements to constituent companies imid
1157. See also V. 87. p. 167. 285: V. 88. P. 1437. . at
Bonds are listed P.
$750,000
for
prior
in
liens.
London. V. 90, p. 914. They are guar. p. & I. by the Mich. Un.
The bonds are subject to call on 60 days notice at
Trac.
107}.6 and
Co. The Jackson Consol. Trac. Co. bonds are subject
Interest is payable at Columbia
Co.. Louisville, and at Hodento call on any int. Int.
pyl, Hardy & Co., New York, and E. Trust
date at 105. They are guar. p. & I. by Mich. United Rys.
W.Clark & Co.. Philadelphia. Int.
on Springfield Con. Ry. bonds is payable at Fidelity and
On the Michigan Traction Co. bonds a sinking fund of 5% of gross
Columbia Trust
earnings commenced in 1903. to be used in buying bonds
at not to exceed 110; cos.. Louisville, and at Hodenpyl, Hardy & Co., New York.
otherwise to be invested in other standard securities.
Rockford & Interurban Ry. Securities.-Sinking fund on
V.
72.
p.
391;
Rockford &
$246,000 Mich.Trac. 1st M.bonds and 3171,000 Mich. Trac.
Ext. 1st M. Inter-Urban bonds of 5% of gross receipts commenced in 1908. $195,bonds were held in sinking fund on June 30 1915 and are
not included in 000 of bonds In add'n to those reported outstanding above are
the amounts above.
held in the
sink.
fd.
Add'I
bonds
can
issued
be
for
extensions
and
The Jackson & Battle Creek bonds are
improvements at
to call in any amount 85% of cost. The entire issue Is subject to call at 105 and interest.
after 10 years at 105 and interest. V. 75, p.subject
The
Rockford & Freeport bonds are assumed, prin. & int., by the
Dividends.-6% is being paid on preferred1147.
Rockford &
Inter-Urban Railway Co.: $43,000 are held in sink.
stock.
fund. A sinking fund
REPORT.-Earnings are no longer reported separately
equal
to
5%
gross
of
earnings
began in 1910. Bonds are
. For the calen- at 105 and
to call
dar years 1912 and 1911 the results were as follows:
interest. V. 78. p. 1276. A sinking fund onsubject
the Rockford
Yrs. end. Dec. 31. 1912.
Beloit & Janesville bonds begins in 1915 of 2%
1911.
Deductgross earnings of that
1912.
1911.
Gross earns_ _$1,649.571 $1,500,580 Int. & taxes__ $571,426
division. They are subject to call at 102Si and of
interest. They are guar3449,440 anteed. p.& 1., by the Rockford &
()per. expenses 975,528
849.361 Pref. divs_ _ _ _
Inter-Uri.
60,000
60,000
De Kalb-Sycamore Electric.. $77.000 in sinkingfund.
Net earns.... $674,043 3651,219
Peoria
Light
Co. Securities.-Peoria Gas & Electric bonds are subject to
Surplus.
617 $141.779
Revenue passengers carried in 1912 21,677,79 ..._$42,
:lst. 19,347,293 in 1911. call at 105 and int. Int. thereon is payable at Hodenpyl, Hardy & Co..
ROAD.-Operates all city lines in Jackson, 7.
Battle Creek. Kalamazoo New York. Sinking fund of 5% of gross earnings began Jan. 1 1910.
and Lansing and interurban lines between Jackson,
Sinking
fund may be used by company for additions to property
Battle Creek and Kalaagainst
mazoo. and between Jackson. Lansing and St. Johns,
Lansing and Owosso, which no bonds have been issued. Of Citizens' Gas & Electric bonds.
and from Jackson to Grass Lake and Wolf Lake;
total operated, 256 miles. $35,000 have been retired through sinking fund. Central Illinois Light
Through service between Jackson and Lansing began
bonds are red. at 105 and accrued int. on 60 days' notice. The
in Nov. 1909. Op- reported
erates through service to Detroit over Detroit United Ry.
outstanding ($3,464.000) includes $321,000 reserved foramount
unexagreement, connecting from Jackson. The extension lines under traffic changed Peoria Light Co. coll,
trust bonds. Of the remaining bonds
of the Pine Lake 82,500.00
line from Lansing to Owosso (25 miles),
0 are reserved to retire Peoria Gas & Electric 1st M. 5s, 1172,000
ed by allied interests,
was placed in operation in July 1911.-V.construct
Citizens'
retire
to
Gas
&
Electric
bonds,
88,
while
p.
295.
1437: V. 90, p. 106. for acquisitio
$8,964,000 are reserved
914; V.91. p. 1026. 1096. 1157; V. 92. p. 1178, V.93. p.
1787; V.94.P.68. restrictions (V.n of now property, additions, imnts., &c., under certain
207; V.96, p. 1423.
99, p. 1132). Sinking fund of 3.6 of 1% p. a. begins April 1
1917, of total amount of bonds of this issue outstandi
(3) Union Railway, Gas & Electric Co.
ng and all underlying
Issues for the purchase of these bonds (or call at 105)
Merger.-Under the plan dated April 26 1913, practically all
or for acquisitions,
the $5.250.- impts., &c. V.99, p. 1132.
000 pref. stock was exchanged for $5,250,00
0
pref. and 3525,000 now
corn. stock of the Commonwealth Pow., Ry.&new
Evansville Light Co. Securities.--Of remaining Public Utilities Co.
Lt.
Co.,
and
the
ref.
$6.000,00
0
corn. for an equal amt. of new corn. or 81.500,000 prof. and
mtgo. bonds, $4,358,000 are reserved for prior liens and $4,700,00
34,500.000 coin. additions
0 are for
and improvements. $817.000.of the $942,000 bonds issued
ORGANIZATION.-Incorp. in New Jersey
are
June
29
1909
and
ac- pledged to secure Public Utilities notes and $104,000 are owned
quired practically all of stocks of Springfield (Ill.) Railway
by Evans& Light Co. ville Light Co. Interest at Hodenpyl
(33.000.000 stock), the Rock. (III.) & Inter. Ry.
, Hardy & Co., New York. Callable
Co.
(82,000,0
corn,
00
and
on
interest
any
date
at
107I and interest. The Evansville Gas & Electric
32,000,000 pref.), the Peoria Lt. Co.($2,500,000 coin. and
$1,000,000 prof. Light Co. must call at 105 and interest $10,000
-reduced to $25,000), and the Evansville Light
annually on June 1 1913
($1,500,000 corn. and to 1922, inclusive, and 815,000
31.000.000 pref.), per plan in V.88. p, 1501; also Co.
on June 1 1923 to 1932. Inclusive;
all
the
stock
and
bonds
of
have
been
retired.
They are subject to call at 105 and interest. $30,000
the Janesville Traction Co. ($125.000 stock, $50,000 bonds),
Of the
and
all the Evansville & Southern Indiana first consolidated bonds,
stock ($497,500) and all the 1st ref. bonds ($382,000) of
$1,600,000 are
the De Kalb-Syca- reserved for prior lions. The Evansvill
more & Interurban Trac. Co. The Evansville Light Co.
e & Princeton first 5s have a
owns
the
entire
sinking
fund
of $10,000 per annum, which began Feb. 1 1908, said fund to
$3.000,000 common stock and $950,000 of the preferred stock
Utilities Co.(incorp. June 1912). which company merged the of the Public be invested in the bonds at 105 beginning with No. 1. $30,000 have
been
Evansville & redeemed. Whole issue of these bonds may be called
South. Ind. Trac.(see Elec. Ry.lee. of May 1912),
at any time at 110
Evansvill
e
Gas
&
Elec.
and
int.
L.
W.Prior
Lt. Co. and Evansv. Pub. fiery. Co. On Oct. 14 1912
Cleveland is co-trustee of this mortgage. EvansCircuit Judge Wil- ville Elec. Ry. bondsof
liam Blakey sustained the demurrer of the
cannot
called.
be
The
Evansvill
Public
e
Service
Public Utilities Co. in a suit Co. has made a mtge. to
brought to dissolve the company, holding that
the Bankers Trust Co., N. Y., to secure an issue
the consolidation was in ac- of $1;000,000 bonds. None
of the new bonds, however, has been sold.




[VOL. 101.

ELECTRIC RAILWAYS

48

LAKE OF
THE WOODS

Neplgon
White River

Rainy Lake

Red Lake

Ridout

Tower
Hibbing

Swan Dryer

Park Rapids
Wadena

Two Harbors
Cloquet

Ontonago
Bessemer

ralnerd
Mille Lacs

it.
Spooner

Sauk nt,er
St. Cloud

Sault Ste. Marie

M Humb 1dt

Prenti
Turtle Lake
Atillwater
MIN.HgAPOL S
h ppewa Fa Is
111)0;S Eau Claire
4
Red'Wing*
Faribaule

Alpena

eston

Saginal
Wa own
ApISON

MASON CT

Flint

AI'

ijI

-57---, owossA

l'''

144

GRAND --(1\ GRAN D,RAPIDS

and
----Pontiac
4 11°11
7.,d,
Battle Creek
lainazoo

k HAVEN
Oel en

Vaterl

ubuq •

A

MAR ON

Freeport

Saran
lilies
South,Bend
Goshe

41LCEDAR RAPIDS

7

'
INAICl/TY
411110\

Aif
Osceola

Fostoria.
lid yInn

'obraska City

ro
Atchison-

0

'<PORTE

MUSCATINE
skaloosa VINE*
•TT_______-11/1W

ningt u
ISO/ ANAPOLIS

De Fur-

t.Jose h

Mull
Piqua
nion Cit3\ i iLJd
loon
7
\//
_Dayton\
Hainilton
I CINNATIo
Covingtonort

310 erly

TO

Ha
Columbus

lexico

Bedford
sceoLa
evada

liew Albany
COUISVu.
Lebano/.

Salem

MAP

Showing Location and Nature of Properties
OF
UNITED LIGHT AND RAILWAYS COMPANY

Bowling Green
ck nan

AND

ASSOCIATED COMPANIES

nbol

t

KEY TO PROPERTIES

0

Gas (only)

MEMPHIS

Electric (only)
Gas and Electric
Gas,Electric and Railways
Intettitbau Railways and Tei:nalnals
0.1141 and Railways
Catrent-and Iuterurban)




West Point

NASHviall Harriman
S
corba--„N \
hens
Tultboina\
CHATTANOOGA
, Florence
\
auscumbitTh----0
Decatur
Rome
4•1
Marietta
iston

skutell
Awtnair

ATLANTA

IcDonough

SEPT., 1915.]

ELECTRIC RAILWAYS

Dividends.-First div., 1349'. on pref.
Oct. 1909 and same amount
quar. since to and including July 1915. paid
First div. on com.-1%-paid
April 11013; July 1, 1%; Oct., 1%. In 1914.
Jan.,
Corn. Pow.. Ry.
& Lt. Co. owns practically all the stock and dive. no1%.
longer made public.
EARNINGS.-Combined earnings of subsid. cos. for
12
mos. ending
June 30 1913: Gross, $4,545,575; ner. after taxes,
$1.981.611; int.. &e..
$1.140.932; pref. city., $315,000;
surplus. $525,679.
ROAD.-Rockford & Inter-Urb
35.27 m.of trolley in Rockford. 13 miles between Rockford an operates
Belvidere; also 28 miles of Rockford
& Freeport Electric Ry. betweenand
points named in title, and 35 miles between Rockford, Ill., and Beloit and Janesville, Wis. Total.
111.27 m.
Springfield Ry.& Lt.Co.operates 42.92 miles in Springfie
ld. JanesvilleT rac.
Co.operates 6 m.In Janesville, Wis.,and De Kalb-Sycamo
re 8c Inter. Trac.,
8 m.,connecting De Kalb and Sycamore,Ill. Public Utilities
Co. operates
abt.65 m.in Evansville and between Evansville. Princeton and Patoka,I
nd.
OFFICERS.-Same as for Corn. Pow., Ry. & Lt. Co. above.
-V. 80.
i.f.
2(hIg()
.; V.92, p. 528; V.93, p.290, 528;V. 95, p. 1747; V. 96.
p. 137.

49

STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $10,000,000
$10,000,000
Prof$10.000.000($100)6%cum -6,700.000
Q-J
See text
1st lien and ref M, 335,000,- 1911
5 g J-J
12,936,000 Jan 1 1936
000, gold ($1,000)____c*tfjInt. at Harris Tr. & Say. Bk., Chicago.
Trustee, or Harris, Forbes & Co., N. Y.
Comm Pow 1st M, $4,000,- 1904
5 J-D
1,213,000 Dec 1 1924
000 g sink fd ($1,000)_c*tf Int. at First Trust& Say.
Bk.. Chic.. Trustee
Grd Rap-Musk Pow 1st M 1906
5 M-S
727,000 Mar 1 1931
$7.500,000, gold
tf Int. at let Tr.&S.B., Chic., or lstN.B.,N.Y.
Grand Rap Ed Co let M g 1902 5 M-N
714,000 May 1 1916
$1,000) sinking fund_c*tf Int. at Am. Tr. & S. B.,
Chic., Trustee.
Stock.-Pref. stock is red, on and after Jan.
1 1920 at 105 and accr. div.
Bonds.-Of 1st & ref. bonds, sufficient are reserved
to
retire underlying
bonds; remainder are reserved under
restrictions for extensions and
additions at 80% of cost. Subj. to certain
on Jan. 1 1916 or any int. day thereafter at 105 and int. Sink, fundcall
of 1% of bonds out annually began
Jan. 1 1915. V. 92, p. 465, 526, 1458.
Dividends on pref. have been paid regularly since
(4) Springfield (0.) Light, Heat 8c Power Co.
organization.
Entire capital stock is owned by Corn. Pow., Ry. & Lt. Co.
EARNINGS.-For 12 mos. end. June 30 1915,
total gross. 33,555.536;
ORGANIZATION.-Incorporated in Maine in Aug. 1908.
net after taxes, $2,339,635; charges,
$1,142,09
pref.
3;
(ibis.,
$402,000; net.
$795,542
.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
PROPERTY.-Owns and operates electric
Common stock
light and power proper$1,000,000
ties
in
Grand
Rapids,
Preferred stock
Kalamazo
Jackson, Flint, Saginaw, Bay City.
50,000
Pontiac, Battle Creek, Muskegon,o,
Spring Lt,H & P gen & ref MI 1913 5 A-0
Albion, Owosso and number of inter300,000 April 1 1933 mediate cities and
towns. Hydro-electric plants have aabout
$5,000,000 ($1,000). Red itInt. at N.Y.and London. Mich.
66.000 h.p.
Trust
Co.
and
steam
plants
about 57,000 h. p. capacity. Total generatin
at 105 and interestc*ntf
Grand Rapids. and Geo. Hefferan, Trust. about
g capacity
123,000 h.p.
Springfield Light, Heat & 1909
5 F-A
722,000 Feb 1 1929
Power first mortgage_tf Int. at State Say. Bk.& Tr.Co..Col.,
OFF10ER
S.-Pres., B.C.Cobb, New York;V.-P., E.M.
0.,
Tr.
Clark,
Phila.;
Bonds.-Sufficient gen. and ref. bonds are reserved to retire at or
before V.-P., Geo. E. Hardy, N. Y.; Treas. & Sec., Jacob Hekma, N. Y.: Asst.
maturity the outstanding 1st M. bonds. Remainder
for extensions. en- Treas., C. A. Pearson Jr.. Phila.-V. 90. P. 1680; V. 92. p. 61, 465,
526,
largements and additions at 85% of cost with certain restrictio
1438; V.94,p. 354,1510; V.95, p.1683; V.
ns.
$28,000
98.
304'V.
p.
99, p. 1451. 1528.
first mtge. bonds in sinking fund.
1597; V. 100, p.400; V. 101. p. 287, 369.
EARNINGS.-For cal. year 1914, gross, $293,135; net,
(9) Cadillac Water 8c Light Co.
after taxes,
$140,251.-V. 100, p. 1923.
Commonwealth Power, Light & Ry.
all the capital stock.
ORGANIZATION.-Incorporated in owns
(5) Grand Rapids Ry.-Trolley.
Michigan in 1905.
All tne common stock is owned by Corn. Pow., Ry. &
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Lt.
Co.
ORGANIZATION,&C.-Incorp. In Mich. In April 1900
Stock
$200,000
($50)
$200,000
company to the Consolidated St. Ry. Owns all street railwayas a successor First mtge,$200,000 ($500 &I 1905 5 M-S
132,000 Sept 1 1925
Grand Rapids and vicinity. Franchises expire in 1921 and in properties of
31,900). gold
c*tflInt. at Mich. Trust Co.,
1920.
Grd Rap., Trustee.
Bonds.-S
ubj.
to
call
at 102. Sink. fd. 34,000 per annum,
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. 1906. $14,000 bonds are
began Sept. 1
owned by co., and $37,000 have been
Stock corn $2,000,000 ($100)__All owned by Coin. Pow., Ry. & Lt.
retired
Co.
PROPERTY.-Owns electric and water plants
Prof $2,000,000 cum 5% ($100) -in Cadillac.
31,500.000 Aug. 15, 13i
Q-F
OFFICER
S.-Pres
., 13. C. Cobb. N. Y.; V.-P., J. A. Cleveland,
Grand Rap By Co let mtgel 1900
5 g J-D
N. Y.;
3,023,000 Juno 1 1916 Treas.& Gen. Mgr.,G.D.Westover
,
Cadillac;
$3,500,000 g ($1,000)_c*ttfInterest at New York
Sec.,
W.
J.McCoy,Cadillac
Trust Co.,
Asst. Sec. & Asst. Treas.. S. E. Wolff, N. Y.
Bonds, &c.-Of the now mortgage for $3,500,000, $477,000 haveTrustee.
been
re(10) Grand Rapids Holland & Chicago Ry.
tired by sinking fund. Sinking fund became operative on Oct. 1
Corn. Pow.. Ry.&Lt. Co. owns all the pref. and practicall
payable 17. of bonds out up to Oct. 1 1910, then 2% up to 19151905,
y all the corn. stk.
(see
ORGANIZATION.-lncorporated in Michigan
V. 70. p. 1149). Bonds cannot be called. See V. 72, p. 1187.
in July 1904 and is a reBonds
organization on Aug. 1 1904 of the Grand Rapids Holland
are listed on New York Stock Exchange.
& Lake Michigan
Dividends.-Dividends on preferred stock are cumulative
Rapid By. See V. 79, p. 627. Power is supplied to company
and 1M,% Rapids-Muskego Power
by Grand
quarterly has been regularly paid up to and including Aug.,
n
Co., but company maintain
1915.
station in readiREPORT.-For years ending June 30:
ness to operate in case of emergency. Franchises ins own
city of Holland and
Yearvillage
Gross. Net(aft.Tax.) Interest.
streets
expire in 1928 to 1930; remainder on private rights of way.
Pref. Div.
Surplus.
1915
$1,226,269 $391,566 $163,156 (5%)375,000 $153,410
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
1914
1,297,010
459,217
157,880 (5%) 75,000
226,337 Common.$500,000
ROAD.-Owns and operates 65.03 miles of track,
$487,900
13 motor passenger Prof, $850,000.6%
cars and 15 trailers; 19 miscellaneous cars and 1 electric
836,800
mtge,
1st
Grand
Rapids
locomotive.
Hol.{ 1900
5 g F-A
OFFICERS.-Pres. and Gen. NIgr., B. S. Hanchett;
1,475,000
Aug 1 1920
& Lake Mich, $1,500,000, Int. at American Tr. & Say. Bank,
V.-P., C. M. Clark;
Sec. and Treas., L. J. Do Larnarter; Asst. Sec. & Asst. Treas.,
Chicago.
gold
($500
and
S.
E.
$1,000)
Wolff,
Trustee,
_ntf
or at Guaranty Trust Co. N. Y.
New York. Office, Grand Rapids, Mich.-V.
Bonds.
-.A
sinking fund Is provided of $5,000 per annum for first
84, P. 220, 749; V. 85,
p. 40; V. 95, p. 891; V. 100, p. 655, 1672.
5 years.
$10,000 per annum for second 5 years, 315,000 yearly
for
third 5 years and
.(5) Saginaw-Bay City Railway Lo.
$25,000 per annum for fourth 5 years. Bonds are not subject
to call.
Entire stock (except directors' shares) is owned by Com.Pow.
ROAD.-Operates 77 miles of track from Grand Rapids
,Ry.&Lt.Co.
ORGANIZATION.-This company is a consolida
through Holland
of the Saginaw to Macatawa and Saugatuck, with steamer connection at Holland
Valley Traction Co. and railway dept. of the Bay City tion
for Chic.
Traction & Elec. Co.
OFFICERS.-Pres. & Treas., Beni. S. Hanchett, Grand
Franchise Defeated.-At special franchise election held
on
Aug.
20
1912,
W. H. Beach, Holland, and B. C. Cobb, New York; Sec. Rapids: V.-P.,
and again in Oct. 1912, the proposition to permit the
&
(len.
Mgr.,
company to build a Chas. A. Floyd, Grand Rapids;
number of extensions was defeated. V. 95, p. 481.
Treas., Wm. C. Bandenburg.-V.
75.
p. 1301; V. 78. p. 702; 768; V. 79, p. 627; V. 96, p. 1422;
STOOK AND BONDS- Date.
V. 100, p. 140.
Interest. Outstanding. Maturity.
(11)
Manistee
Stock, $2,600,000
Railway
Co.
All owned by Commonw. Pr., Ry.& Lt. Co.
Incorp.
in Mich. in March
First and refunding mortgage1 1910
Successor to Manistee Lt. & Trac.
5 M-S
00 Mar 1 1935 Co., sold at foreclosu in 1912.1913.
35.000,000 ($1,000)___c*tf Michigan Trust Co..$1,100,0
Gas and electric departments were taken
Grand Rapids, Trustee. over by the Manisteere
Saginaw Val Tr 1st M,$850,- 1899
Power & Light Co.
5 g F-A
714,000
Feb
1
1920
Does the street railway business In Manistee and Filer
000, g ($1,000 each)_c*ntf Int. at Boston Safe Dep.&
City. Franchise
Tr. Co., Trustee. 30 years from 1904.
Bonds.-Of the 1st & ref. bonds,$850,000 are reserved to
retire Sag. Val.
Stock.-$100,000, all owned by Corn. Pow.. Ry. & Lt. Co.;
Trac. bonds; remainder for 85% of cost of additions
,
&c.
also $60,000
They
are
red.
on 1st mtge. Sc, due 1943.
any int. date after Mar. 1 1915 on 60 days' notice at
105 and int. Int. at
ROAD.-Operates 7.41 miles of track. Gauge 4 ft. 8M
Hodenpyl, Hardy & Co., New York.
in. 35 to 100
lb.
T
and
85-113.
girder
A sinkingfund of$8,500 per annum on Sag. Val. Trac. bonds
rails. 28 cars. Operates a 50-acre park on Lake
begins Feb. 1 Michigan.
1907 and runs for 5 years, after which 317,000 per annum
is payable, said
OFFICERS.-Pres., C. J. Holmes; V.-P., W. H. Barthold;
fund to be invested in the bonds at not above 1075.6
Sec., G. B.
and
int.
Sinking
fund
Dobbin;
Treas.,
J. W. Glendening; Asst. Sec. & Asst. Treas., S.
held on June 30 1915, $131,000 of bonds; $5,000 are also
E. Wolff.
owned by Com- -V.85, p. 864; V.88.P.
monwealth Power, By. & Light.
158.
EARNINGS.-For 12 months ending Dec. 311913, gross.
3642.680;
net,
after taxes, $230,689.
UNITED LIGHT 8c RAILWAYS CO.-(See
Page 48.)
ORGANIZATION.-Incorporated in Maine inMap,
ROAD.-Operates about 63 miles of street railway track in
July 1910, per plan in
Saginaw and V. 91, p. 96. Has acquired the
Bay City, incl. interurban line between the two cities.
following companies:
Cadillac (Mich.) Gas Light Co.
OFFICERS.-Pres. B.0. Cobb; V.-Ps., H. T. Wickes. J.
lowa & Illinois fly.
E. Davidson Cedar Rapids (Ia.)
and J. A. Cleveland; '
Gas Co.
Sec., G. B. Dobbin;
Iowa & Illinois
J. W. Glendening• Asst. Cedar
Term. Co.
Rapids& Marian City By.Co. La Porte (Ind.)Ry.
Sec. & Asst. Treas., S. E. Wolff.-V.94, p.
Treas.,
983; V. 95. p. 298. 481.'
Gas & Elec. Co.
Chattanooga (Tenn.) Gas Co.
Mason City & Clear Lake (Ia.) RR.
(7) Michigan Light Co.
Fort Dodge (Ia.) Gas & Electric Co. Ottumwa (Ia.)
All the common stock is now owned by Corn. Pow. Ry. &
Gas Co.
Grand Rapids Grand Haven & Mus- People's Gas & Elec.
ORGANIZATION.-Incorp. in March 1913. and a.4 of Jan.Light Co.
Co.,Mason C'y.
kegon (Mich.) Ry. Co.
1 1914 took
TM-City Railway & Light Co.
over and consolidated the following companie
s:
The
Grand
Rapids
-Grand
Haven
&
Muskego
Jackson Gas Co..
n By. was acquired in Jan.
'Flint Gas Co.
'Bay
City
Gas
1912;
V.
Co.
94, p. 209. The TM-City By.& Light Co. was taken over in
Pontiac Light Co..
'Saginaw City'
June
Gas
I
1912; V. 94, p. 769. The Cedar Rapids & Marion
At the same time took over control of theCo.,
City Ry. Co. was
Kalamazoo Gas Co.
acquired in July 1912.
•
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
In
Feb. 1913 purchased the People's Gas & Electric Co. and the
Common $3,000,000
Mason
$23:014040:00000
City & Clear Lake RR. In 1913 also acquired
Preferred 6% cumulative _____ ____
the Iowa & Illinois Ry.
Q-J
See text and the Iowa & Ill. Ry. Term. Co.
Sag City Gas 1st M.31,000,- 1901
5 g M-N
857,000
May 1 1916
OPERATIONS.-Does entire gas business in Davenpor
000,g MOO& 31.000)c*ntlf Int. at Mich. Tr. Co., Grd. Rap.,
t, Cedar Rapids
Trustee. (supplyin also suburbs of
Bay City Gas 1st M,3500,000 1900
Marion and Kenwood Park and
5 g J-D
375.000 June 1 1920 territory),g Ft.
intervening
Dodge, Iowa City, Mason City, Bettendorf.
g ($500 & $1,000)____estf Interest at New York Trust Co.,
Ottumwa and
Trustee. Muscatine, Is.; Cadillac, Mich.,
Flint Gas Co 1st M,$500,000 1904
La
Porte, Ind., Rock Island, Moline,
5 M-N
500.000 Nov 1 1924 East Moline, Milan, Silvis
($500 & $1,000)-_e*ntf Int. at Mich. Tr. Co., Grd. Rap., Trustee.
and Watertown, Ill.; and Chattanooga, Tenn.;
entire electric-light and power business in Davenpor
Jackson Gas Co mtge, 3350,- 1897
5 A-0
t, Ft. Dodge, Iowa
350,000 April 1 1937 City, Mason
City and Mustatine, Ia.; Rock Island,
000 gold (31,000)___c*ntf Illinois Trust & Say. Bank, Chic.,
Moline and East
Trustee.
Moline.
ill.,
and
Kal Gas Co 1st M,$450,000 1900
La Porte, Ind. Has hot water and steam
5 J-J
400,000
-heating system
Jan
11020
($1,000)
c*ntf Int. at Mich. Trust Co., Grd. Rap., Trustee. In Davenport and Mason City, Ia., and La Porte, Ind. Operates street
railways in Cedar Rapids, Marion, Mason City, Muscatin
Pontiac Light Co consol mtge 1902 5 J-J
e
and
200,000
Davenport,
Jan
1
1927
Ia.,
and
Rock
Island, Moline and East Moline, Ill.; interurba
$230,000 g $1.000)__c*tf Int. at Mich. Trust Co.. Ord. Rap.,
n railways
Trustee are operated between Cedar Rapids
Bonds.- 12 ,000 bonds of
and Marion, Ia.; Mason City and
City Gas let M. are issued in addition to Clear
amounts shown above and are ay
Lake.
is.;
Davenpor
t
and
Clinton, is.; Davenport and Muscatine.
owned
Mich. Light Co. Bay City and Ia.; Davenpor
Jackson bonds are red. at 110 & int. by
t, Is., and Rock Island, Moline and East Moline, Ill.,
Kalamazoo, Pontiac, Flint and Sag. Rapids,
Grand
City issues are rod. at 105 and int. Int. on Jackson
Haven and Muskegon, Mich. Majority of franchise
Gas Co. bonds is extend toGrand
s
pamable at Hodenpyl, Hardy & Co., New York.
1929, 1930 or later, and some are perpetual
.
Child,
Hulswit & Co. of Grand Rapids,
Dividends on pref. have been paid regularly since organization.
promoted the company in
Aug. 1910, offered the stock in blocks of 10who
EARNINGS.-For 12 mos. end. June 30 1915,
shares
(par
gross, $1.562,387; net 4 shares
1st pref. and
after taxes, $600,823.
(par $100) corn. for $1,000. V. 91. p. 519; V.3100)
92,
1110.
Transfer
PROPERTY.-Constituent companie own and operate the
-Stock transfer agencies are maintainedp.
in New York,
gas proper- In Chicago Agencies.
ties in Jackson, Kalamazoo, Pontiac,s Flint,
and
in
Grand
Rapids.
See
V.
97, p. 1358.
and Bay City.
SALES, June 30 1915, 1,219,632,400 cu. ft. Saginaw
Miles of main, 414.31.
Capitalization as of July 311915.
OFFICERS.-Pres., B. 0. Cobb,
STOCK AND BONDS.- Date.
Y.; V.-Ps., W. H. Barthold and
Interest. Outstanding. Maturity.
J. A. Cleveland; Sec., F. C. Potyin.N.
Common 312,500,000($100)-Treas., A. B. Simoneau.
Q-M $6,899,568 July'14,1%
1st prof $12,500,000 (3100)1
(5) Consumers' Power Co.
6% cum
All the common is owned by Corn. Pow., By. fic Lt. Co.
Q-J
5
9.481,400 Oct '15. 114
First
&
ref mtgo gold (MOO. 1912 5 g J-D
ORGANIZATION.-Incorp. in Maine in 1910, and in Nov.
7.211,000 June 1 1932
1914 merged
the following 11 companies(previo
$500 & $1,000)____c*&r_tf New York Trust Co..
usly controlled by stock ownership): Notes
N. Y.. Trustee.
Commonw.Power Co., Grand Rapids-Muskegon Power
$3,000,0
00 (31,000. 1915 6 g J-J
2,250,000
Co.,
1Jan 1 1918
Grand
Rapids
Edison Co., Flint Elec. Co., Saginaw Power Co.. Bay Cit3$500 & $100) gold
c* N. Y. Trust Co., trustee.
jJan 1 1920
Power Co., Note
Pontiac Power Co., Consumers' Power Co. (Mich.),
1913
6%
500.000 Jan 1 1916
Economy Power Co., Cad Gas Lt Co
At Sable Electric Co. and Central Power Co.
1st M $100,-1 1905
5 F-A
100,000 Feb 1 1925
This merger made the Consumers' Power Co. (of Maine)
000 (call.
105 & int)__tfjInt. at Mich. Tr. Co., Grand
Rap., Trustee.
an operating ChattanoogaatGas
company instead of a holding company and on
first mtge( 1907 5 J-J
July 20 1915 it was granted
580.000 Jan 1 1927
a certificate of authority to do business in
$1,500,00
0
g
($1,000)_
c*tf Int. at Con. & Corn. Tr. & Say. Bk., Chic.,
Michigan
.
V.
99,
p.
1528.
1597;
V. 101, p. 369. At the same time the RR. Comm.
approved the then Cha.tt Gas Co pf stock ($100)_ Trustee, or First Nat. Bank, New York.
outstanding issues of common and preferred
____
6 Quar
300,000 July'15,1
and 1st lien and ref. People's Gas
5% bonds and authorized the company to stocks
& El 1st ref M 1901
5 A-0
issue
113.000 April 1 1916
32,714.00
0
additiona
l
$150,000
bonds from timeto time upon procurement or
Int.
ti
First
at
Tr. & Says. Bk., Chicago.
retiremen
t of the underlying People's Gas & El Gen Mtge
vends shown in the table. V. 101,
1906
6 A-0
370.000 April 1 1931
P. 369.
$500,000
tt Int. at Central Tr. Co., Chicago, Trustee




50

ELECTRIC RAILWAYS

!Vol,. 101.

Richard SchaddeOFFICERS.-Pres. J. F. Porter, Davenport; V.-P.,
separate companies below.
H.R. Tobey, N. Y.,and B.J. Denman, DavenFor securities covering railway properties see
dive. The 2d pref. stock lee, Grand Rapids;
Treas., Frank T. Hulswit.-V. 89, p. 780, 919;
Weeks;
Slock.-lst pref. stock is red. at 105 and accr.
E.
H.
Sec.
is
port;
Corn
1915.
in
share,
p. 338, 590, 1448; V. 92, p. 882, 952; V.93, p. 1465;
was cony. into 1st pref. or corn. stock, share for
V.92,,p. 1110; V.95,p.421. V.90, p.1041; V.91,
V.95, p.818; V.96,p. 1158; V.100,p.56.
only stock with voting power V.91, p.96,519;
at office of trustee V.94,p.280,488,768, 1384, 1444;
Bonds.-Interest on first and refunding is payable
Marion City Ry.
Mortimer
&
Bank, Chicago.
(3) Cedar Rapids
Franchise. in Cedar
or Continental & Commercial Trust & Savings
incl. in amount outORGANIZATION.-Incorp. May 1891 in Iowa. n.
N. Buckner is co-trustee. $33,000 bondsl(not
on interurba
bonds may be issued for re- Rapids expires 1941 and indeterminateInterest.
ng. Maturity.
Outstandi
standing above) are in the treasury. Additiona
Date.
underSTOCK AND BONDSpar value of pref. stock of
$650,000
funding underlying bonds and for 75% of
cost of betterments, impts. Stock $1,000,000($100)
184,000 July 1 1931
J-J
lying companies redeemed or purchased, 75% ofproperty,
5
1891
re(31,000)1
certain
under
$250,000
First mtge
and add'ns, and for 75% of cost of additional
c_ntflInt. at Amer. Tr. Co., Boston. Trustee.from
any int. day at 102A & int. on
strictions. Red. as a whole or in part on on
, 28.90 miles in length, extending
ROAD.-Owns road in operation
fund beginning 1917 of 2% on
60 days' notice. Bonds have a depreciati
Marion; second track. 2.28; sidings. 3.17; total of
aside.
to
set
Iowa,
being
now
are
Rapids,
fund
Cedar
all bonds out,but a portion of the earns,for this
lb. T.
80a
Gas Co. bonds have
all, 28.90 miles. Rails, 45. 60 and
See description of bonds in V. 95, p. 49. Chatt.
Co.-A trolley toad.
to 1926, incl. on 1st $500,000
Mason City SG Clear Lake Railroad
(4)
sinking fund of $15,000 per annum from 1912
control.
at
call
to
'
Subject
In Feb. 1913 the United Light SG Rys. Co. acquired
bonds and 2% additional on any further bonds issued.
Operated since July 1897.
road.
805.
p.
trolley
84,
V.
ET0.-A
105 and int.
ATION.
ORGANIZ
by
annually
$3,000
retired
are
Lake, 9 miles.
bonds
Clear
M.
to
City
The Peo. Gas & Elec. 1st ref.
Owns right of way 33 feet wide from Mason
int, on any int. day.
two cities, 18.6 m. IIandies all
sinking fund; may be called at 105 and
and is Length of line within and between the
earnings
from
retired
& North
be
to
Chicago
is
Pac.,
&
$500,000
I.
for
R.
Chic.
1913
The note dated
freight coming over Minn.& St. Louis,
the deposit of collateral.
redeemable at any time and is issued without
West.railways between Mason City and Clear Lake.
secured by deposit of $3,000,000 1st West. and Chic. GreatOct.
The $2,250,000 notes of 1915 are
1935.
31
1918, red. at par and int.; those due in Franchises run until
& ref. bs due 1932. Notes due inweeks'
Interest. Outstanding. Maturity.
notice. .Additional notes may be
STOCK AND BONDS- Date.
$400,000
1920 at 101 and int., both on 4
& ref. 5s, but the amount of notes out- Stock 31.000,000
8.000 Jan. 1 1917
Issued upon deposit of additional 1stpar
J-J 15
6
security
as
1897
goldt
deposited
of
bonds
$100.000
value
mortgage
the
1st
of
75%
Bk., Chic., Trustee.
Say.
standing never to exceed
&
Tr.
Ill.
at
a
'Int.
to
provide
c..tf
agrees
($1,000)
the notes the company
June 1 1932
316.000
therefor. During the life of of
J-D
g
6
not less than 12M % of its gross earnings, General mortgage $2,500.0001 1912
Trustee.
maint. and depreciation fund
.c*tflInt. at First Tr.& Say. Bk.. Chic.,yearly
gold ($1,000)
in any calendar year for maint.,
at
$3,000
retires
any part of which not actually expendedagainst
fund
a
sinking
bonds,
bonds
mtge.
1st
refunding
the
Bonds.-Of
which no
reM.
bonds;
1st
old
&c., to be used for additional property
retire
.to
103. $36.000 1st ref. bonds are reserved s and betterments at 75% of
may be issued.
extension
for
to
are
1910
bonds
Oct.
since
0
pref.
1st
on
32.170,00
quar.
maining
paid
been
Dividends of 134% have
int. charge (incl. bonds
V, quar. from Oct. 1910 cost, providing annual net earnings are IX times
and incl. Oct. 1915. The second pref. received
int. day. Sinking fund of 2%
pref. and°corn. stk. As to stock to be issued). Red. at 105 and int. on any for
and betterments
to July 1915. Was then converted into 1stof
additions
to
provide
1913
quar.
1
paid
June
were
began
corn.
on
annum
1%
per
div. on corn., see V. 94, p. 1250. Divs. None since. A stock dividend or for purchase of bonds. V. 94. p. 1764.
since April 1413 up to and incl. July 1914.
1914 in addition to the
(5) Iowa & Illinois Ry.-A trolley road.
of 1%, payable in common stock, was paid April 1 98, p. 525.
acquired control.
In 1913 the United Light & Railways Co.
regular dividend of 1% paid on the same date. V.
Iowa in September 1901. Is an
31
1914
Dec.
ending
mos.
ORGANIZATION.-Incorporated in
12
for
s
expire in 1951.
EARNINGS.-Of subsidiary companie
Franchises
charter.
steam
a
5:
with
after taxes, $2,369,42
electric road,
with the Davenport & Musca(report in V. 100, p. 1251), gross, $6,166,959; net,
In Feb. 1913 entered into an agreement
9.
By.& Lt. Co.) by which the two cominterest charges, $1,314,136; surplus, $1,055,28
-City
Tr
the
gross,
by
d
1914,
31
(controlle
Dec.
By.
tine
ending
year
between Clinton and Muscatine,
Earnings of United Light & Rys. for
$114,615; interest, panies have established through service
Co. furnishes power and will install
$1,039,783; other income,$467,449; expenses and taxes,$410,711.
via Davenport. Tx -City By. & Lt.power
is furnished to towns along the
$455,833; pref. divs., $526,073; balance for common,
and
light
Electric
equip.
additional
Chicago; V.-Ps., Richard
OFFICERS.-Pres., Frank T. Hulswit,
of the Iowa & Illinois By.
route
and
Hurd
M.
C.
Outstanding. Maturity.
t.
Ia.;
Davenpor
Interest.
Porter,
F.
Schaddelee, Grand Rapids; J. Rapids;
STOCK AND BONDS- Dale.
$1,500,000
Sec. & Asst. Treas., L 11. Reinke,
0 (3100)
T. I. Weber, both of Grand
Rapids. Main Common,$1,500,00cum
Grand
Hurd,
554,200
M.
C.
Sec.,
Asst.
&
Treas.
($100
Grand Rapids;
Prof.3800,000,6%
headOperating
1.063,000 Jan. 1 1924
Rapids.
Grand
J-J
ers,
5g
0. goldc 1904
office. Chicago; operating headquart
t, Ia.-V. 96, pl. 421, 488, 555, 1490; 1st mtge, $2,000,00 .c*tf Interest at Girard Trust Co.,Phila.. Trustee.
quarters for Iowa district, Davenpor
(31,000)
525, 1921; V. 99, p. 468, 750,
for acquiring steam or other railBonds.-Remaining bonds are reserved
V'. 97, p. 178, 300. 1358; V. 98, p. 238, 388,
and equipment at 80% of
1251, 2012; V.101, p.450, 924. ways
and to provide for steam railway terminals
1132, 1362, 1453; V. 100, p. 310, 400, 903,
on any interest date at 105 and
call
road.
ric
to
subject
Ry.-Elect
n
but
Muskego
fund,
&
sinking
No
Haven
cost.
(1) Grand Rapids Grand
Co.
Light & Rys.
Interest. See V. 82, p. 100, 160.
Third-rail system. Entire stock owned by United
and leased tracks on private
ROAD.-Operates 46.91 miles over owned
on March 6 1899. Owns
t and Clinton, Ia. 70-lb. T rail. StandORGANIZATION.-Incorporated in Michigan
way, connecting the three right of way, connecting Davenpor
of
right
fenced
on
By.for joint operMuscatine
road
electric
&
t
an
Davenpor
operates
and
with
miles. Franchises in all towns ard gauge. Has agreement
via Davenport. Also has traffic
cities named in the title, a distance of 39
ation between Clinton and Muscatine
otherwise private right of way.
and Moline, Ill.
Island
Rock
to
s
passenger
ng
through which it passes extend to 1929;Interest.
transferri
Outstanding. Maturity. agreement for
Ellis; Sec. and Treas.,
STOCK AND BONDS- Date.
OFFICERS.-Pres.. J. F. Porter'_, V.-P., F. W.
$1,200,000
680.
Stock. $1,200,000 ($100).,
1.500,000 July 1 1926 H. E. Weeks.-V.82, p 100. 160; V• 95. P.
5 g J-J
1st mtge.$1,500,000($1,000)t 1901
c*tffInt. at Guaranty Trust Co.. N Y.,Trustee.
gold
under United
GREEN BAY, WIS.
Stock.-Entire stock, except directors' shares, deposited
holding company.
ref. mtge.
and
1st
WISCONSIN SECURITIES CO.-4
Light & Rys. Co.
years
5
for
d
was
guarantee
bonds
ng
on Dec. 12 1911 and is a
Bonds.-The interest on outstandi
ORGANIZATION.-Incorp. in Wisconsin
Pittsburgh. See V. 76. p. 479.
Controls Wisconsin Pub. Sony.
632).
p.
94,
(V.
by the Security Investment Co. ofRapids
to purely financing company
direction
erly
a
northwest
in
placed in escrow. Also
Grand
company
that
from
bonds of
ROAD.-Extends
and Grand Haven. Connects at Co. and owns $717,000
stock of the Sheboygan Gas Light
Muskegon, with a branch to Spring Lake
for Chicago and Crosby Line owns the $150,000 outstanding common
Grand Haven with Goodrich Line of steamers
in operation all the year round. Total Co. (V. 100, p. 738.)
of steamers for Milwaukee. which arein
Interest. Outstanding. Maturity.
Grand Rapids and 3.43 m. in MusSTOCK AND BONDS- Date.
track, 51.48 miles, of which 4.22 m. trackage
$1,000,000
agreement with the Grand Stock. $1,000,000
favorable
under
operated
are
kegon
T
rail.
Operates
70-lb.
Co.
Co.
Light
Ltg.
Gas
&
Trac.
Sheboygan
Rapids Ry. and the Muskegon
1sc. Secur. Co.)
0 000
b5yW
owned
out
-All
($150,000
and
mail
a
freight,
does
Also
cars.
Common,$250,000
21 passenger, 12 express and 8 work
p. 901, 1672.
Pref. $500.000 ($100)6% cum.
American Express business.-V.94, p. 207; V. 100,
text Jan 1 1935
See
.
J-.3
5
1915
131
$750,000
mtgo,
ref
1st &
1w0a0ukee, Trustee
0,0
tint. at First Trust Co.,Co.,2M1
Light Co.
(2) The Tr -City Railway St
_ ($1,000. $500 and $100)__
1931
5%
by the United Light & Rys. Co. First
mortgage
In June 1912 control was acquired
is pref. as to prin.
for their shares
stock
in
preferred
Co.
exchange
received
Lt.
ers
Gas
stockhold
n
com.
Lt.
Sheboyga
&
Ry.
Stock.-The
Txi-City
days'
notice.
on
30
pref.
at
par
2d
50
call
to
pref.
$12
1st
and
subj.
6%
Rys.
is
United
and
and divs., is non-voting
$31 16 2-3 cash. $16 66 2-3
are reserved to retire
Bonds.-Of the Gas Lt. Co. 1st & ref. bs, $250,000 on 60 day's notice.
3% stock. V. 94, p. 768.
ut March 3 1906 and 1st M. bds. and $50,000 are available for impts. Red.
C. Fuller and
ORGANIZATION.-Incorporated in Connectic
Oliver
V.
-Ps.,
Smith;
C.
following companies:
OFFICERS.-Pres., Clement
controls through stock ownership the Moline
Greene; Asst, Sec.-Treas., George
-Rock Island Mfg. Co.
Wm. Bigelow; Sec. and Treas., Howard
TM-City Railway Co. of Iowa.
1924.
p.
100,
Co.
V.
Light
632;
s
eople
Allison.-V. 94, p.
Tri-City Ry. Co. of Illinois. Tr. Co. IDavenpor
t Gas & Electric Co.
Moline Rock Island & East.
(1) Wisconsin Public Service co.
t & Muscatine Ry. Co.
in Jan. 1912 as reorganization
Moline E. Moline & Watert. Ry.Co. Davenpor
ORGANIZATION.-Incorp.in Wisconsin
Co.
Lighting
Muscatine
Bay Tract. Co. and Northern Hydro-Elec. Co.
People Power Co.
Watchtower & Campbells' Ils. Pk.Co and merger of the Green city
and interurban railway system (except about
Iowa City Light & Power Co.
entire
operates
and
railway
street
OWns
and
companies
ghting
electric-li
Controls all gas plants,
centering at Green Bay,and furnishes gas,electric light and
t, Iowa City Muscatine, Bettendorf and 1.66 m.of track)Bay
lines in the cities of Davenpor
and suburbs. On Jan. 1 1914 the entire property of
Moline, East Moline and other smaller power to Green
purRockingham, Ia., and Rock Island,
SE Electric Co. and the Minahan Electric Co. was 631,
Gas
Bay
t.
Green
the
Davenpor
and
g
Muscatine
connectin
n
towns in Illinois, and an interurba
s of Green Bay Gas & El. Co.,see V.82, p. 573,
particular
For
to
chased.
Railway franchises extend
and
exclusive
is
perpetual
franchise
railway
Population served, approximately 132,209.and
1943, and gas franchises to and V. 86. p. 172. Street
1930 and 1935,• electric franchises to 1935
until 1918.
Interest. Outstanding. Maturity.
1929, 1933 and 1943.
STOOK AND BONDS- Date.
its auth. capital
In April 1913 the subsidiary People's Light Co.increased
$1,000.000 ($100)Common,
0.
$2,500,00
0:000 No div. yet
600
31,0
stock from $1,500,000 to
($100
cum
6%
3600.000
Prof,
Outstanding. Maturity' jet mtge. & ref. $15,000,000 1912 5 g J-J
2,438,000 Jan. 1 1942
te
STOCK AND BONDS'15,1%
July
0
Co.,
$9,000,00
Tr.
Milwaukee, true.
----------at
Int.
Wisconsin
--c*tf
gold ($1,000)
Common $9,000,000($100)..-3,000,000 July'15, 1% Green
455,000 May 1 1935
6 Q-J
5 g M-N
____
Bay G & E 1st SG ref,M 1 1905
Prof$3,000,0006% cum ($100)
1 1923
April
7.839,000
Milwaukee, true.
Co.,
Tr.
at
g
Wisconsin
A-0
,
5
1906
nt.
mortgagel
lien
g(I
first
Coll trust
$750,000.
34,000 Feb 1 1919
Y. Trust Co., N. Y., Trustee. Green
F-A
Bay Light & Pow first 1899
$9,000,000 s f____..c&rtf Int. at N.
5.943,000 July 1 1930
First National Bank of Milwaukee. Trustee.
1910 5 g J-J
mortgage
let & ref mtge $20,000,000 Int.
any int. day at 105
at Central Trust Co. N Y., Trustee.
c*&r*tf
gold
Bonds.-Wisc. Pub. Serv. bonds are subj. to call on
54%000 Sept 1 1922
are held in escrow (of
M-S
'Fri-City Railway 1st M____tf 1902 b5A-0
int. $850,000 of the $2,438,000 bonds issued
273,000 April 1 1917 and
by Wisc. Secur. Co.) to be issued under certaing
owned
are
Citizens By & Lt ($500)..c*tf 1902
which
$717,000
to retire underlyin
400,000 Sept 1 1932
5 M-S
s. Remaining bonds are for acquisitions and
Iowa City Light & Power 1912 at
1697. Sinking fund of
Continental & Comml Trust & restriction
refunding mortgage ($1,- Interest
bonds under certain restrictions. See V. 94, p.
Say. Bank, Chicago, Trustee.
ng in 1917. The Green Bay Gas & El.
*****
commenci
ng,
outstandi
bonds
of
000.000 ($1,000)
2%
See text
250,500
6 M-N
thereafter at par; 333.000 have been
Iowa City Gas St Electric 1st 1909
bonds are sub. to call at 105 until 1924;
Ga-s & Electric bonds are in hands
tf Int. at Chic. Tr. & Say. Bank, Trustee.
mortgage $400,000
and canceled. 334.000 Green Bay
and accum. dive. See V. 827, paid trustee
& Power bonds.
Light
Bay
Green
the
retire
to
Stock.-Pref. stock is redeemable at 120
of a
.
Stock
Exchanges
for year end. June 30 1915. gross,
Louisville
and
properties
Toronto
combined
Montreal,
EARNINGS.-Of
p. 1213. Listed on
bonds, $600,000 have been retired $498,251;
$228,898; interest, $153,852; surplus, $75,046.
taxes,
after
net,
Bonds.-Of the $9,000,000 coll. trustdate
at 105 and int. A sink,fund
all lines in the city of Green Bay; also
by sink. fd. Subj. to call on any int.
ROAD,&C.-Owns and operates
for succeeding 5 yrs.;
Do Pere, and branch to Duck Creek and a
of $50,000 per ann.from Jan. 1 1908 to 1913;$150,000
bonds are in denomination a line from Green Bay to East De
Little Rapids, Wrightstown and
Pere,
then $250,000 per ann. to maturity. Coupon
West
to
Bay
or $10,000 and multiples. line from Green
of $1,000 and registered bonds in $1,000. $5,000
of track. 70 and 85-lb. "T" and girder rail;
. Of the 1st & ref. bonds, suf- Kaukauna; tota1.42.68 miles
They are listed on N. Y. Stock Exchange
meters, 3,450; electric meters, 2,575.
Gas
trailers.
4
cars;
of
adof
cost
85%
for
motor
remainder
26
Henry
ficient are reserved for prior liens, and
OFFICERS.-Pres., Clement C. Smith; V.-Ps., L. Patton and Treas.,
to call at 105 and int. on any int. date.
ditions and improvements. Subjectbegins
L. Rice; Sec. and Treas., Howard Greene; Asst. Sec. and Asst.
Feb. 1 1924. V.93, p. 1465.
Sinking fund of 134% of bonds out
1697.
p.
94,
632,
-V.
e.
Milwauke
of
all
for
Allison,
but
1
extended
1912
were
George
April
Citizens' Ry.& Lt. Co. bonds fell duedate
at 110 and int. Int. at Cleve5 years. Are subject to call on any int.
Commerce, N. Y.
GREENFIELD, MASS.
land Trust Co., trustee, or National Bank of
are reserved to retire
YS.
Of the Iowa City Lt. & P. Co. bonds, $255,500
MASSACHUSETTS CONSOLIDATED RAILWA
at 85% of cost. The Iowa
on
constructi
new
for
$344,500
and
liens
prior
-Organized in Boston on Nov. 16 1911 as the MassaATION.
May
ORGANIZ
from
annually
$9,000
to
$4,000
serially
changed to the Massawas
City Gas & Elec. bonds mature
name
1913
May
In
Rys.
Northern
int.
chusetts
and
at
105
to
call
Subj.
association managed by
1 1912 to May 11027 and $135,000 in 1928.
may be issued for chusetts Consolidated Railways. Is a voluntary1787.
Controls through
on any int. date after May 1 1919. Additional bonds
a board of seven trustees. V. 93, 1:0. 1462, 1599,
:
80% of cost of extensions and betterments.
companies
following
the
ownership
stock
1906, and 134% quar.
By.(proposed).
Street
River
Millers
fl
Dividends.-First div. on pref., 134%, paid July
Ry.
St.
of 1% was paid on the com- Concord Maynard & Hudson
Northern Massachusetts Street By.
since to and including July 1915. A dividend
ec ut Valley Street By.
stock is owned by United Light Conntic
20 cities and towns in
serving
road.
o
mon stock Jan. 1 1915 (practically all of this
miles
114
comprises
system
The
were not made public.
and express service
& By. Co.). Previous disbursements on common
Central and Northern Massachusetts. Both passenger
secured on the proposed line
April, 1%; July, 1%.
track,connecting tha are provided. Rights of way have been partly
ROAD.-Operates over 123 miles ofstandard-gauge
Falls.
Millers
to
Ill.:
Orange
from
and East Moline,
Outstanding. Last Div.
cities of Davenport. Ia., and Rock Island, Moline
Sharesoperation in 1912 and city
$1,619,900 Oct. '13, 14
Including an extension to Muscatine placed in-lb.
T rail. As to operating Common $1.640.300 ($100)(see text) Q-F
704,600 Aug'15,
lines in Muscatine. 80-1b. girder and 60 to 75under
cum
($100)
0
Prof 31.100,00
that company.
contract with Iowa SG Illinois Ry..see remarks




SEPT., 1915.]

ELECTRIC RAILWAYS

51

STOOK.-Additional pref. shares only to be issued when
net earnings for 000 are in treasury and $202,0
12 mos.ending not more than 180 days prior
30 are reserved for future extensions and imto date of issue shall have been provem
1 i times amount necessary to pay inv.
ents. Redeemable at 105 and interest.
on shares out and applied for.
EARNINGS.-For fiscal year end. Dec. 31191
Divs. on pref. are 5% to Nov. 1 1914, incl.;
4, gross, $488,629; net.
5X % to Nov. 11917.. incl.. $225,844; int. &
and 6% thereafter. In case of liquida
taxes, $141,407; surplu $84,437.
entitled to $110 per share
ROAD.-Owns 27.8 miles of track. s,
up to Nov. 1 1914,$115 to Nov. 1 1917tion pref. isthereaf
60 and 70-1b. T and 90-1b. girder
and $120
ter. V.93. p. 1599. rails. Standa
Dividends.-On pref., 1X% quar.from
rd
gauge.
cars.
39
Connec
ting extensions between the
Feb. 1912 to and inc. Nov. 1914. various cities
In 1915, Feb., 1%%: May,
are proposed. Owns
y Park at Greensboro. Electric
Si % was paid Oct. 15 1913. j)-%; Aug., 1%%. On corn., initial div. of plants caPacity 2,800 h. p. 178 Lindle
miles transmission lines. Gas plants
capacity 920.000 cu. ft., 70 miles of mains.
INCOME STATEMENT.-For year end.
OFFICERS,-Pres., B. S. Coler; V.-P. & Gen. Mgr.,
sub. cos., $31,418; misc., int. rec'd, $3,724 June 30 1914, dive. rec'd from
E.0. Deal; Sec. &
; profit on ssle of 500 shares Treas.. L. H. Hole Jr.; Asst.
North. Mass. St. By. pref. stock, $2,500
Sec. & Asst. Treas.. E. B. Coler.-V. 94. p.
; total income, $37.641; expenses. 699; V. 95, p. 361; V. 96, p. 790;
$9.842; net $27,799; pref. divs.,
V. 97, p. 50.
$34,91
commo
1;
dive.,
n
$3,096
deficit
;
for
year $15,200; credit balance June 30 1913. $21,12
7; net charges to surplus.
$962; surplus remaining June
30 1914, $4,957.
GULFPORT, MISS.
EARNINGS.-Of subsidiary
cos. for year ending June 30 1914, gross.
GULFPORT & MISSISSIPPI COAST TRACTION
$549,351; net, $164,433; int. & taxes, $111,760; piref.
d‘vs. of constituent
CO.
cos ,$16.200; corn. divs. of constituent cos $30,78
ORGAN1ZAT1ON.-Incorporated in Mississ
,
3; balance, $5,695.
ippi in 1905. Purchased
OFFICERS.-Sec.& Treas., D.P. Abercr
the Biloxi Electric By. & Power
ombie Jr.; Greenfield. Mass.
Co. and the Gulfport Development Co.
- In 1907 increa
V. 94, p. 351; V. 96, P. 1489; V.
sed auth. stock from $1,000,000 to $2,000
97, p. 365, 951; V. 100, p. 1168, 1671.
,000.
(1) Connecticut Valley Street Ry.-Trolley. The
STOCK AND BONDS- Date.
Mass. Consol. Stock
Interest. Outstanding. Maturity.
Bye. owns 4,917 shares
of the stock.
$2,000,000($100)
$1.000
ORGANIZATION.-Encorporate
,000
d in 1899. Commenced Jan. 22 1900. 1st mort 31.000,000 gold 1905 6 g A-0
Is a consolidation on April 1 1905 of
1,000,000 Sept 30 1935
($1,000)
the Northampton & Amherst Street
tf Int. at Hibernia Bk.& Tr. Co.,N.OH.,
By.,the Greenfield & Turner's Falls Street
Trus
2d M gold (31.000)__ctf
Ry,
and
the
Greenf
ield
1907
Deerfie
6
g
J-J
ld
& Northampton Street Ry., as per plan in V. 80.
692.000 July 1 1932
Hibernia Bank & Trust Co.. Truste
In May 1915 the Governor of Mass.signed a bill p. 1111.
e.
Bil.
El.
By.
&
P.
1st mtge.,g. 1903 6 g J-J
authorizing the Northern
Mass. St. By. to absorb the company by consol
158,400 Jan 1 1924
($100. $500 & $1,000).._ _tf Int. at Hibern
idation or purchase.
ia Bk.& Tr. Co., New Orleans
V. 100, p. 1833.
Bonds.-The bonds of 1905 are subjec
t
to
call
on
STOOK AND BONDS- Date.
Oct.
1 in any year at
Interest. Outstanding. Maturity. 105; no sinking fund. Interest on 2d mort. is payabl
Stock. corn,$500,000 ($100)-- ---e at First Nat. Bank,
Gulfport. Bonds have no s. f. and
Q-F
$500,000 Aug'15.X
are not subject to call. The Biloxi
Pref,3120,000(6% cum)($100
Electri
c
Railwa
y & Power bonds are subject to
,_
M-S
120,000 Sept.'15,3 0
Connecticut Valley St By 1st call at 106 and interes
EARNINGS.-For year ending
1900
5 g M-S
120,000 Sept. 1 1920 $110,6
June 30 1915. gross, $245,173;t.
mort gold ($1,000)..c*..ntf I Int.
50.
net.
at Old Colony Trust Co., Boston,Trust.
Northam & Amh 1st mtge.
ROAD
.-Operates 13 miles of track from Gulfpo
1900
5 g M-S
180,000 Sept. 1 1920 from Gulfpo
rt to Biloxi and 11 miles
$180,000e
,0OO)..
c..ntf
rt
Int.
to
at
Pass
Old
Christ
Colony
ian;
Trust
also
Co.,
6
miles of track in Biloxi; total, 30 m.
Boston,Trust.
Greenfield Deerfield & North
OFFICERS.-Pres., J. T. Jones; V.-P.,
1903
5 g J-J
150.000 July 1 1923 son;
W.T. Stewart; Sec., J. C. Simpfirst mort, $150,000, gold{Int.
Treas., P. A. Stilwell; Gen. Mgr., W.
at Mercantile Trust Co., Boston. Trust.
F. Gorenflo, all of Gulfport.
($1,000 and 3500)__c*.ntf(No
-V.
83,
p.
sinkin
95.
g
fund
and
bonds
cannot be called
Greenfield & Turner's Fails! 1896
5 g J-D
$62,000 June 1 1916
first mtge, g,s f.
ntflInterest
Beacon Trust Co., Boston.
Green&TurnFallsconsm$130,-11903 at
HAGERSTOWN, MD.
g J-1)
63,000 June I 1923
000 g ($500, $1,000) c*.ntf1Interest5
THE HAGERSTOWN & FREDERIC
at Beacon Trust Co.,Boston,Trus.
K RY. CO.
Notes payable June 30 1915---ORGANIZATION.-Incorp
..
. Apr. 7 1913 in Maryland as a consol
175,00
0
Bonds.-Greenfield & Turner Falls first mtge.
tion of the Frederick RR., Freder
ida(originally $100.000) pro- tin
ick Gas & El. Co., Myersville & Catocvides for the payment of$2.000's
Ry.,
Hagers
town By., Hagerstown & Boonsboro
annually from 1897 to 1915,incl., at a premRR., Hagerstown &
ium. Sufficient of the consols is reserv
Myersville RE.. Hagerstown
ed
to
retire
&
the
Northe
1st
mtge.
rn
bonds
RR.
and Frederick & Haeerstown
at
maturity. The Northampton & Amher
bonds are subject to call at 105 Power Co. V. 96. p. 947. 1422. Has purchased propert
ies of the Frostburg
on 4 weeks' notice, as are the bonds of st
Ilium.& Mfg. Co. under the approval
the Connecticut Valley Street By.
of the P.S. Commission. V.98,p
The $120,000 Connecticut Valley
Franchises are perpetual or extend at
.1694.
bonds
were
issued
under
the
least
first
mtge.
15
years beyond life of bonds.
of
the Northamp. & Amh. St. By.. which was
New
Securit
ies.
-In
May
origina
1914 a new $10,000,000 6% first & ref.
lly drawn for $300,000.
Dividends.-On pref., 3% semi-ann. since
M. was
Sept. 1910 to and incl. Sept. filed to the Fidelity Trust Co., Bait., trustee. V. 98. p. 1608,
1915. On corn., in 1906 (year
STOCK AND BONDS- Date.
end. Sept. 30), 2%; in 1907, 2%; in 1912.
Interest. Outstanding. 1694.
1%;in 1913. V,
i%): in 1914,3%. In 1915, Feb.,
Maturity.
n $2,000,000 ($501_
%%;May, %%:Aug.X % Commo
EARNINGS.-For year. end.
$2,000.000
Pref.7% cum (32,200.000) $50
30 1914, gross, $239,299; net. V5,966; int. & taxes, $50,495; pref.June
635,000
lat
&
ref
M
310,00
dive.,
0,000
$7,200
($1001
;
corn.
1914
dive.. $14,984; bal6 g A-0
ance, $3,288.
850,000 Apr 1 1944
$500 & $1,000) g sf_c_cptfFidleity Tr.
Co.,Balt.,Tr. Int. pay.in Bait.
ROAD.-Owns and operat 47.054
miles of track between Miller'sPalls, Adjustment mortgage
5%
Turmer's Falls, Greenfield,es
1,225,000 May 1 1954
Hagers
town
North
Ry
first
ampto
n
mtgef
and
Amherst. 41 passenger
1896 6 g Q-F
cars, 2 snow-plows, 5 other cars
200.000 May 1 1916
$200.000 gold
and 134 electric motors.
lInterest at Md.Sur. & Tr. Co.,
OFFICE RS.-Pres., F.
Hagerstown.
Pierce; Sec.& Treas., D. P. Abercrombie Jr.; Hager & Myers Ry $125,000__ 1904
5%
Supt., J. A. Taggart.-V.E.
120.000 July 1 1924
!lagers & Boonsb By 1st M 1902
95. p. 297; V. 96, p. 1298; V. 97. p. 298;
5 F-A
p. 1392; V. 100, p. 1167.
V. 98.
110,000 Feb 1 1922
$120,000($500& $1,000)c* Int. at Maryl
and S.& Tr. Co., Hagerstown.
Hagen' & Nor RR let mtge 1908
(2) Northern
husetts Street Ry.-The Massachusetts Consol
5 g F-A
200,000 Mar 1 1927
Rye. owns all theMassac
$200.000 gold ($1,000,$500 Int. at Maryl
.
common stock ($350,000).
and S.& Tr. Co.. Hagerstown.
and
$100)
c*
Trustee, Wm,Jennings.
ORGANIZATION.-Incorp. in Mass.
on July 1 1894 as the Athol & Meyersv & Catoc 1st M
Orange Street By. Name change
1904
5%
35,000 July 1 1929
d to above on May 1 1913. In Jan. 1913 Fred & Middletown 1st mtgef 1905
purchased the property and franchi
5 g J-J
126,000 Dec 1 1935
ses of the Templeton Street
$250,000 gold (31,000)___c1Fidelity Trust
Mar. 1 1913 absorbed the
and on Fred
Co.. Baltimore, Trustee.
Gardner Westminster & Fitchburg By.
Gas
&
Elm
1st
M
3200.Street
1904
I
As a result of these acquisitions,
5
By.
179.000 July 1 1929
stock was increased from $74,500, all
000 g (3500&$1,000) g,p&1 Interest atJ-J
one class, to $500,000, of which $150,0
of
West End Trust Co., Philad
elby Fred RR;not sub to call
00 is 6% cum. pref. stock.
phia. Trustee.
The Governor of Mass.
May 1915 signed a bill authorizing the com- Monocacy Valley Ry first
pany to absorb the Connecin
1908
5%
30,000
mortgage
Steiner Schley & Leonard Waesche of1925
chase. V. 100, p. 1833. ticut Valley St. By. by consolidation or purFrederick, Md., Trustees.
STOCKS AND BONDS- Date.
urg Ill & Mfg 1st M 1899
Interest. Outstanding. Maturity. Frostb
5 J-JCommon $350,000
50.000 July 1 1929
30-year bonds
Int.
at First Nat. Bank, Frostburg,
$350,000 In'14-'15.2X
Prof 6% cum $150,000 _
Stock.-The
Md. i
stock is redeemable at par and divide
150,000 In'14-'15.6% stock has been pref.
lst&refM $5,000,000($1,000 i
nds. Common
placed
in
a
1913
voting
5 g M-N
V. 98. p. 1608. 1694.
315,000 May 1 1943
red.
'
on 4,Si% int bas c*ntf
Bonds.-Of the new 310.000,0010trust.
at American Trust Co.,Boston,Truste
mtge..
$1,000
.000
are
Gard Westin & Fitchburg 1st Int.
reserv
e.
prior lien
$8,150,000 reserved for additions, improvements ed to retire
1900
5 F-A
185,000 Feb 1 1920 additionaland
mtge (31,000) gold_ _c*n
, &c. The
bonds of the $10,000,000 can be issued
under certain restrictions
Notes playable June 30 1915tf Int. at Old Colony Tr. Co., Boston, Trustee. (see V. 98. p. 1694).
Rate
interest on reserved bonds issuabl
250,000
Bonds.-Of the $5,000,000 1st &
interest at rate or rates not of
e, bearing
exceed
ref.
ing
bonds,
6%
$185,000 are reserved to beginnluag Oct.!
or
than 4%. Sinking fund,
retire an equivalent amount of underl
1919, payable semi-ann.: tillless
ying bonds. No sinking fund.
Oct. 1 1926, 1% of 1st & ref.
69 and prior liens; 1927-1934. 2%;
EARNINGS.-Year ending June
1935-1
944,
3%.
30
Red.
1914,
at
gross, $233,050; net,$65,885: on any int. date. The Hagerstown
and int.
& int. taxes, $44,940; pref. div.,
& Boonesboro By. bonds105
39.000; corn. div., $8,750; balanc
are rod. at
e, $3,195. par. The Haeerstown & Nor. RR. bonds are subj.
ROAD.-47.7 miles of track.-V,97
to call after 1917.
Fred. & Midd. bonds are subject to call
, p. 365, 1357; V.100,p. 1168,1833.
at
105
on
any
int. date.
Gas &
(3) Concord Maynard & Hudson
Street Ry.-A trolley road. The trustee.El. bonds are guar.. p. & L. by Frederick RR. Bait. TrustFred.
Mass. Consol. Rys. owns 2,319
Co..
shares of the stock.
EARNINGS (Incl. Frostburg Ilium. &
ORGANIZATION.-Organized
Mfg.
Co.).
-For year ending
in Massachusetts Mar. 27 1901
June 30 1915, gross, $424,347; net, $168,974;
quired Concord & Clinton St. By. Feb.
Acother inc., 39.662; int., taxes,
1 1902. On Aug. 25 1911 acquired &c., $113.257; surplus, $65,379.
Lowell Acton & Maynard St. By.
V. 93. p. 1786. Franchises perpet
ual.
ROAD.-Operates street railways in cities of
STOOK AND BONDS- Date.
Hagerstown and Frederick.
Interes
t.
Outsta
Md..
and an interurban railway extend
nding. Maturity.
Stock $235,000 ($100)
from Frederick to Hagers
town,
$235,000 See earnings with extensions from Frederick to Thurming
1st mortgage $250,000 gold/ 1902 5 g
ont. Md..also from Hagerstown
J-J
Shady
to
230,00
Grove,
0
($1,000)
Pa.,
July
and
with branch lines to Boonsboro and to Jeffer
1922
c&rntf
son, Md.
Notes payable June 30 1915_lInt. at Amer. Trust Co. Boston, Trustee. Mileage operated aggregates 87.5 miles.
ob,000
OFFIC
ERS.ROAD.-Owns 19 miles of
Pres., Emory L. Coblentz, Frederick,
between Concord, Maynard,
Md.; V.-Pres.,
Stow and Hudson. At Concordtrack
Acton, Henry Holzapfel, Hagerstown; Sec.. M.
Moller, Hagerstown; Tress.
connects with Lox. & Dos.
,
and at Hudson Thomas H. Haller, Frederick; Asst. Sec.,P.
with Worcester Consol. and Boston
&
C.
& Worcester.
A.
Hoag. Hagerstown:
Gen.
Mgr. M. A. Pooler
EARNINGS.-For year ending June
Treas.
1228,
.
1422. 1488; V. 98.
p. 1008, 1694; V. 101, p. 614. .-V. 96, p. 947,
30 1914, gross, 877,002; net.
587; int. & taxes, $16,325; div.. $7.050
$22,; balance, deficit, $788.
•
(4) Millers River Street Ry.
HAMPTON,
Rights of way have been partly secure
d on this company's proposed line
NEWPORT NEWS & HAMPTON RV..VA.
between Millers Falls and Orange.
GAS &
TRIC CO.
ORGANIZATION.-This
company was organized ELEC
in 1914 as the consoli
dation of the Newp. News & Old Pt.
By.
&
Elec. Co., Citizens' By. Light&
Power Co. Hampton Roads Traction Co.,
GREENSBORO, N. C.
Newpo
the Hampton
'Phoebus & Fort Monroe Gas Corpor rt News Gas Co. and
ation and provides railNORTH CAROLINA PUBLIC SERVICE CO.
way,gas and electric light and power
es for the Virginia Peninsula.
STOCK AND BONDS- Date. faciliti
ORGANIZATION.-Chartered in North
Interest. Outstanding. Maturi
Carolina in 1909. Purchased Common $1,125,000
the Greensboro Elec. Co., Greens
ty,
$1,125,000
Co. In 1911 acquired majority of boro Gas Co. and High Point Elec. Pow. Preferred 31,250,000 6% cum
the stock of Salisbury & Spencer
1,000,000
which company it also leases
By. Co., 1st & ref M $7,500,000 g(31001 1914
for
50
5
g
J-J
years.
V.93,p. 1324. Does entire gas,
3,110,000 Jan 1 1944
electric-light and power and
$500 & $1,000)
c*.tt'Maryland Trust Co. of Baltim
street railway business of Greens
ore, Trustee.
suburbs of Proximity, Revolu
boro (and its
UNDERLYING BONDStion, White Oak and Pothona),
Spencer and East Spencer, entire
Salisb
Newpor
ury.
t
News
&
street
Old
Pt. Ry.& El.
railway and electric and gas business of High Point and street
First
mortgage $900,000 gold f 1898
purchased from Southern Powerrailway business of Concord. Power is
5 g M-N
0 Nov 1 1938
(31.000 each)
Company. In 1910 franchises
tf t Interest at Alex. Brown900,00
following number of years to
& Sons, Bait,, Md.
had the General mtge $4,000,000 c*
run: Greensboro, 28 yrs.;
gold' 1901
g M-S
5
Salisbury and Spencer, 51 yrs.;
High Point, 59 yrs.;
228,000 Mar 1 1941
($1.000 each)
Winston-Salem, 58 yrs.; also has a 30
c*I
Int.
at
Alex.
Brown
franchise in Guilford County and
&
Sons,
-year
ore, Md.,
I or at company s agency in Baltim
franchise for a street railway in township. In 1913 obtained a 60-year First mtge Citizen
New York.
Lexington and Thomasville.
s'By L& Pi
5 g M-N
STOOK AND BONDS- Date.
79,000 May 1 1940
$8000)0 ($1.000) gold_ _c* 1900
Interest. Outstanding. Maturity.
Maryl
and
Trust
Stock $3,500,000($100)_
Co.• Baltimore, Trustee.
Guaranteed prin & int_ __
_
t at Alex. Brown'
$3,322,900
First & ref mtge 33,500,000f 1909
S: Sons. Baltimore.
Hampton Roads Trac 1st M__ Interes
5 A-0
1905
1,880,600 Apr 1 1934
43 J-J
($100, $500 and $1,000)tfcl Int. at Equita
152,000 Jan 1 1930
Stock.-3250,000 preferred stock
ble
is
Trust
in
treasu
Co..
ry.
Greensb El Co 1st M gold 1902
N. Y. trustee.
Bonds.
-Of
the
first
and
5
g
A-0
ref. bonds,$1,359,000 are reserved for prior
0 April 1 1932 as above, and the
($500 & $1,000)
liens
ctf Int. at Eisuit. Tr. Co.,172,00
remaining $3,031,000 for improvements and
N. Y.. trustee.
Greensb El Co fund & impt 1905
extensions.
Bonds
subject to call at 105 and int. on
5 g J-D
any int. day upon one month's
30,500 Juno 1930 notice.are
M ($500 & 31,000)
ctf
Int.
Int.
at
payabl
Banker
e
at
Alexander Brown & Sons, Baltimore. or compa
s' Tr. Co., N.Y..trustee.
Salisb & Spen By 1st M gold(
agency in N. Y. The Maryland
1905
5 g M-N
Tr. Co., Balt.. is trustee of both the ny's
761,000 May 1 1945 and genera
$1,000.000 ($1,000)._c*tf Int.
first
l mortgages of the Newport News
at Mich. Trust Co., Grand
& Old Point Railway &
Rapids
,
Electri
c.
The
Newpo
trustee
rt
News & Old Point bonds of 1898
Bonds.-Of the 1st & ref. mtge., , or W. N. Color & Co., N. y.
are subject to
$202,500 are reserved to retire like call at 110 on any interest day at 60 days notice. The
amount of mortgage bonds
Citizens' Railway
Light 8: Power
of Greensboro Elec. Co., $97,60
treasury and $1,319.300 are
0 are held in 60 days notice.Co. bonds are subject to call at 110 an any interest day at
reserved for future improvements
quisitions under proper
and acEARNINGS.-For year ending Dec. 31:
limitations. V. 88, p. 1128;
ject to call on any interes
V.
94.
p. 699. SubCalendar
t date at 105 and interest.
Gross
Net(a(ter
1% per annum of gross income
Other
Interest,
g fund of
Balanc
YearEarnings.
, July 1915 to 1919: 134% Sinkin
Taxes).
Income. Rents, &c. Surplue,
and 2% 1925 to maturity. Of remain
July 1920-1924, 1914
s.
$813,861
ing Salisb. & Spen. By. bonds,
3296,7
47
38,373
3229,908
$37,- 1913
$73,212
791,176
274.955
7,113
222,675
59,393




52

ELECTRIC RAILWAYS

[VOL. 101.

(2) Dover Somersworth & Rochester St. Ry.
ROAD.-Including Citizens' Ry., Light & Power Co. and Hampton
All the stock and $221.000 bonds owned by New Hampshire Elec. .Rys.
Is
Roads Trac. Co., operates 42.98 miles of track.
ORGANIZATION.-Chartered under the laws of New Hampshire
E. F.
By.
OFFICERS.-Pres., C. Loomis Allen, Syracuse, N. Y.; V.-P.,
, Hamp- a consolidation of the Union Elec. By. and the Rochester St.
Peck, Schenectady, N. Y.; V.-P. & Gen. Mgr., J. N. Shannahan
Maturity.
.
Outstanding
Date.
Interest.
BONDSHampton.
STOCK AND
ton; Treas., William Stewart. Hampton; Sec., R. M.Booker.
$375,000
Stock $375.000 ($100)V. 98, p. 26.767. 1460.
see text July 1 1921
5 g J-J
First mtge g $300,000 (314 1901
Tr. Co., Boston, Trustee.
000); bds cannot be calledlInt. at Amer.
Bonds.-All the bonds except $79,000 are owned by New Hampshire
HANOVER, PA.
Elec. Rys. Co. Sink, fund of $5,000 per ann. began in 1904.
CO.
HANOVER & McSHERRYSTOWN STREET RAILWAYV.
100. p. 1257.
EARNINGS.-For cal. year 1914, gross, $111,756; net, after taxes,
In April 1915 Brooks & Co.of Scranton acquired control.
for
runs
charter
Its
in
1892.
$19,909.
ORGANIZATION.-Incorp. In Penna.
999 years. Owns all the ($100,000) stock of the Hanover Light Heat &
ROAD.-Owns and operates about 21 miles of line.
Power Co.
OFFICERS.-Same as for Massachusetts Northeastern St. Ry.
Maturity,
.
Outstanding
Interest.
Date,
BONDSAND
STOOK
,000 Jan.'15, 3%
Stock 3200,000($50)$135
400.000 June 1 1928
-J g
8
First mtg $500,000 g ($1,000)1_ 1908 -D
HAZLETON, PA.
Trus.
subject to call at 105_ _Ott'Interest at York Trust Co., York,Pa.,&c.
BARRE Se HAZLETON RR.
WILKESBonds.-Of remaining bonds $100,000 are reserved for extensions,
23; 1897-1902 records
May 1001 and acquired
Dividends.-In July 1894. 2%%; in 1895.
ORGANIZATION.-Incorporated in New Jersey 0)
Jan.'In 1906 and 1907. none: the
bonds of the Wilkeslost. 1903 and 1904 none. In 1905, Jan.,6%.
entire ($1,500,000) capital stock and ($1,500,00
In July 1913 50% stock
(Pennsylvania incorporation) and deposited
Co.
Jan. 1908 to Jan. 1913, incl., 6% per annum.
Railway
&
Hazleton
Barre
Jan., 3%.
Lehigh
Traction Co.'s
the
of
issue)
(entire
div. paid; Jan. 1914 (regular), 4%; July, 2%. In 1015.
the same, together with $140,000
EARNINGS.-For cal. year 1914. gross, $96.397; net, after taxes, &c., 5% certificates of indebtedness and $922,200 of the $1,000,000 stock of
$41,353; interest, $21,632; divs., $8,100; surplus, $11,620. McSherrys- the Lehigh Traction Co. as security for the Wilkes-Barre & Hazleton Railtrust mortgzge 5% gold bonds. V. 72,
ROAD.-Owns 12.57 miles of track in and between Hanover,
T and road Co. issue of first collateral
Hazleton and perpetual
town• Littlestown and Conewago Chapel. Standard gauge. 60-lb.
p. 1281. Franchises are 999 years in and around
girder rails. An extension to New Oxford is under construction; about from Hazleton to Wilkes-Barre.
in
and
operation.
on the collateral trust
completed
1914
is
15
May
due
mile
a
of
interest
1-3
Interest Not Paid.-The
OFFICERS.-Pres., J. A. Linen Jr., Scranton; V.-P., J. E. Weisenfluh; mtge. of 1901 due May 15 1951 was not paid. In lieu of paying the interest
due May 15 1914 to
coups.,
their
surrender
Sec. & Treas.. F. B. Atherton.-V.98, p. 1459; V. 100, p. 1257.
to
requested
were
s
bondholder
t-bearing cerNov. 15 1916, and in return the company issued non-interes
The
for the coupons as they become due. See V. 98, p. 1539.
tificates
Traction
Lehigh
the
of
of
the
employees
strike
HARRISBURG, PA.
a
of
result
default was the
Co.. a subsidiary-See Lehigh. Trac. Co. below.
HARRISBURG RAILWAYS.
Interest. Outstanding. Maturity.
ORGANIZATION.-Incorp. in Penn. on Nov. 20 1912 and merged
STOCK AND BONDS- Date.
of
$2,500,000
the Central Pennsylvania Traction Co.(see "Electric Railway" Section
$2,500,000 ($100)Common
185,600
Sept. 1912) and its subsidiaries. V. 96. p. 202.the proceeds of which will Pref 6% non-cum $700,000.
Of the new bonds, $3,169,900 have been issued,
321 1901 5 g M-N 15 1,900,000 May 151951
mortgage
trust
Collateral
Citizens'
the
except
bonds
underlying
all
y Trust Co., N. Y. Trustee
at•Guarant
Int.
retire or provide for retirement of
.c*
($1,000)__.
gold
500.000
to
'1 1945
1.227,000 Oct
5 g A-0
Passenger first mortgage 6s. A certificate was filed on Jan. 6 1914
Collateral trust mortgage $1.- 1905
Co.. N.Y., Trustee.
Increase the auth. debt from $3,000,000 to 33,169.900. V. 98. p• 155.
500,000 gold ($1.000)____clInt. at Guaranty Trust
Interest. Outstanding. Maturity.
trust
bonds of
coll.
$2,500,000
of
issue
STOCK AND BONDS- Date.
authorized
Bonds and Stock.-Ofthe
$3,000,000
bonds of the Lehigh Traction Co. A.
Common $3.000,000.
1901.5600,000 are reserved to retire allwhich
See text
is to be in2,100,000
11908,
June
began
Preferred cum $2,100,000- ____
annum,
per
$20,000
of
sinking fund
1942
3,169.900
5 J-D
imirchasable by savings
First & ref. mtge $10,000,000 1912
vested in the collateral trust bonds or in bonds
($1,000 and $500)____..tf IlarrLsburg Trust Co.. Trustee. April 1 1935 banks in New York State. See V.72, p. 1281; V. 78, p. 289. The collateral
8,100
5 A-0
annum, which began
per
$10,000
of
fund
Ling & Bi Mtn mtg 3125.0001 1905
sinking
a
have
Trustee. trust bonds of 1905
of
gold ($100 & $500)---ctf Interest at Harrisburg Trust Co.,
called at 110. Preferred stock can, at option
17,000 April 1 1935 in 1910. Bonds can be
at par.
Harr & Hum 1st M $200.000 1905 4% g M-N
at any time into the bonds of the company,
changed
be
company
cash.
in
par
at
red.
be
may
or
guar prin and interest.. tf,
5%,
than
less
not
75.000 May 1 1924 said bonds to bear
Citizens Passenger first mtge 1894 6 g M-N
, gross. $315,248:
Int. at Com'w'th Guar. Tr. Co.. Harrisburg.
EARNINGS.-For cal. yr. 1914 (incl. allied companies)
$75,000 gold
deficit, $126,199.
net, $84,166; int., taxes and renewals, $210,365;
thereafter.
6%
and
1915
until
at
5%
cum.
is
& Gen. Mgr., C. B. Houck;
-P.
STOCK.-Pref.stock
V.
Markle;
A.
-Pres.,
OFFICERS.
•
REPORT (of merged companies).-For fiscal year ending June 30 1915, Sec., N. C. Yost; Treas., Wm. H. Remick.-V.83, p. 1292; V. 87, p. 679:
gross, $973.622: net, $548,615; rentals, taxes and int., divs. and better- V. 98, p. 1539.
ments, $582,245; deficit, $33,630.
ROAD.-Owns and operates 73.51 miles of line.
(1) Lehigh Traction Co.-A trolley road.
perpetual.
OFFICERS.-Pres. & Gen. Mgr., F. B. Musser, Harrisburg; V.-P.;
ORGANIZATION.-Chartered Nov. 7 1892. Franchise
B. F. Myers; See., John() Connell. Office, Harrisburg.-V. 95, p. 1745: Owns, controls and leases for 999 years at an annual rental of $1 each the
& South
Hazleton
$30,000;
capital
Ry.,
V.96,0. 209; V. 98, p. 155.
IIazleton & Suburban Electric
Hazleton & North Side Electric Ry..
Side Electric By., capital $75.000;
indebtedness and $922.200
of
certificates
VALLEY RAILWAYS.
$140,000
The
$75.000.
for the Wilkes-Barre &
and in capital
ORGANIZATION.-Incorporated in Pennsylvania in July 1912
of Lehigh Traction stock are deposited as•security
$10.000 to $2,500,000 (of which Hazleton RR. bonds of 1901.
Sept. 1912, after increasing its stock from
Co.,
Traction
Valley
the
of
control
was begun which
purchased
strike
pref.),
cum.
a
1913
31
$500,000 is 6%
Strike-Interest Defaulted.-On Dec. of the interest due June 1 1914 on
urg Elec. Ry., White
which in turn controlled the Harrisburg & Mechanicsb
the payment
& Mechanicsburg St. Ity., West resulted in the default of
re & HazleWilkes-Bar
the
of
bonds
M.
1st
11111 & Mechanicsburg Pass. By.. CarlisleHarrisburg
on
& Riverton St. Ry.. the 1st M.5s of this co. (int. V.98,p. 1539). Bondholders were requested
Fairview & Marysville Elec. St. Rys.,
ton RR. was also defaulted.
succeeding
five
the
and
1914
1
June
due
falling
Fairview & Riverton Ry. and the United Electric Co.
coupons
their
surrender
non -int.-bearing scrip, payable
Interest. Outstanding. Maturity. to
STOCK AND BONDS- Date.
interest periods, and to accept in lieu thereof
committee
$2.000,000
dividends are paid and callable at par. A protectiveCo.
any
Common $2,000,000 ($100)before
Phila
500.000
the bonds at Northern Trust
6%
formed and asked deposits of Pres.
Pref cum $500,000 ($100)---- --_1,000,000 Aug 3 1952 was
of the company, volunteered indi5%
Alvan Markle,
1694.
p.
Collateral trust $1.700,000..tf 1912
V.
98,
700,000 Oct 1 1933 vidually to purchase all the coupons which matured on June 11914,and like5 g A-0
Valley Trac 1st M $700,0001 1903
Tr. Co., Carlisle, Pa.. Trus. wise the Dec. 1 1914 coupons. The committee, which represents a large
gold ($100 & $500)--c*ntflint. at Farmers'
the offer on the ground
($700,000) are reserved to retire number
Bonds.-Remaining coll, trust bonds subject
of the $500,000 bonds, refused to accept
to call at 110. A sinking
default and that the coupons
prior liens. Valley Traction bonds areOct.
that conditions did not warrant continued
the
of
bonds. V. 99, p. 894,
1
1908.
principal
the
commenced
of
annum
ahead
fund of $5,000 per
might become a lien
ROAD.-Operates 44 miles of road from Harrisburg to Marysville and 1598. 1673.
to Carlisle.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
OFFICERS.-Pres. & Gen. Mgr.. C. H. Bishop, Lemoyne, Pa.; Sec. &
31.000.000
Stock 31.000.000 (3100)-Treas.. C. M. Davidson. General offices. Lemoyne.-V.96, P. 64
600,000 June 1 1923
5 g J-D
First mortgage $500,000 gold' 1893 Bkg.
Co., Hazleton, Trustee.
Tr.
&
_c*fMarkle
$1.000)_
($100, $500,
140,000
Certificates of indebtedness
1925
60.000
5 g A-0
HAVERHILL, MASS.
Hazle Park bonds. $60.000...__ 1895
T rails, oak ties, well
steel
58-1b.
new
track,
of
miles
ROAD.-Operates 22
RYS.
to
NEW HAMPSHIRE ELECTRICassociation
to
Yorktown
West Hazleton,
succeeding the New Hamp- ballasted. Road extends from Hazleton
ORGANIZATION.-A voluntary
Lehigh Valley RR.), to McAdoo
Owns all the stock of the following (connecting with Pennsylvania RR. and and
shire Traction Co. en Aug. 1 1905.
Freeland (north).
St. Ry. (south) and Milnesville, Latimer Mines
companies: In New Hampshire, Dov., Somersworth & Rochester
Co.; Granite State Land Co.;
OFFICERS.-Pres., A. Markle; V.-P., C. B. Houck; Sec. and Treas..
Co.; Rockingham County Light & Power
Mass., Mass Northeastern St. By. N. C. Yost; Gen. Mgr.. C. B. Houck. V.98,p. 1694; V. 99, p. 984,1598.
In Maine, Kittery Electric Lt. Co.; inDover,
Somersworth & Rochester St. 1673.
Co. Also owns all the bonds of the
St. By.(except $49,000)
steam and third-railroad.
By.(except $79,000? of the Amesbury & Hampton
(2) Wilkes-Barre & Hazleton Ry.-A trolley,
and of the Citizens' Elec. St. Ry. (oxcept $230,000).
-Chartered Dec. 13 1899 under General Railroad
ATION.
ORGANIZ
.
Last Die.
Interest. Outstanding
Pennsylvania. The Wilkes-Barre &
Date.
STOCKLaw Act of April 4 1868. State ofand
33.900,200 •
bonds.
owns the entire stock
Common $4.000.000($100).
J-J
3,399.500 July '15,2% Hazleton RR.
Interest. Outstanding. Maturity
Pref4% n-c.$4,000.000(3100) ____
Date.
BONDSAND
STOCK
DIVIDENDS.-Company paid 1% each 6 mos. on pref.from July 1908 Stock $1,500,000 full paid_
$1,500,000
139' semi-ann., to and includ.
to and incl. Jan. 1910. From July 1910.
1,500,000 May 1 1951
5 g M-N
First mortgage $1,500,0001 1901 at
up to and incl. July 1915.2%.s.-a.
Trust Co., N.Y.,Trus.
Guaranty
Jan. 1912. July 1912 and thereafter,
(Interest
gold
OFFICERS.-Pres., D. A. Belden, Haverhill; V.-P., M. N. Buckner,
re, and uses
V.
ROAD.-Owns 27 miles of road from IIazieton to Wilkes-Bar
New York; Sec. and Treas., P. J. Horne, New York. V. 88, p. 1500;
2 miles
V. 05. P. 47. 236. 298; V. 96. for terminals 1 mile Lehigh Traction Co. track at Hazleton and
90, ro. 237: V. 91. p. 215; V. 94, p. 1696;
30 miles.
total.
re;
Wilkes-Bar
at
Wilkes-Barre Terminal RR. Co. track
p. 863; V.97,e.803; V. 98, p. 236; V. 99, p. 673.
Rails, 95 lbs.
11903.
May
operation
in
placed
road
Entire
(1) Massachusetts Northeastern Street Ry.
C.B.Houck;
OFFICERS.-Pres.,Alvan Markle; V.-P.and Gen. Mgr.,
All the stock of this company is owned by the New Hampshire Elec. Rys. Sec. and Treas., N. C. Yost; Supt. of Trans., A. P. Harger.
local
a
.
and
Owns
operates
corporation
Mass.
-A
ORGANIZATION.
rn Mass. and Southeastern N. H.
(a) Wilkes-Barre Terminal RR.
and interurban railway in Northeaste
Lawrence, Lowell, Nashua,
Oct. 0 1903. Stock authorized
Maintains a through service between Ilaverhill,
ORGANIZATION.-Incorporated on
is purchased from the Rockingham
Bonds authorized, $600,000 (c&r);
Power
Amesbury and Newburyport.
outstanding, $35,000 (par $50). A-0)
and
payable in New York.
(5g.
County Lt. & Pow. Co. under a contract extending beyond July 1 1934.
.
Int.
1
1945
Oct.
due
Date 1905:
Interest. Outstanding. Maturity.
Ter. RR. Junc. and Wilkes-Barre.
STOCK AND BONDS- Date.
ROAD.-3 miles, between W. B.Pres.,
$1,500,000
C. J. Kirschner; Sec.-Treas.,
in.
8%
ft.
4
gauge,
T;
Common stock ($100)_
Rails,
0
Pref 6% cum($100)665,00
707.000 July 1 1934 N. C. Yost.
5 13
First and ref M $2,000,000 1914
Co.,
Tr.
Trustee.
Boston,
Amer.
at
c5
Int.
gold
($1,000)
230,000 Dec 1 1920.
5 g J-D
HELENA, MONT.
Citizens' Elec St Ry 1st M 19.00
Beacon Trust Co., Boston, Trustee.
$230,000 gold
LIGHT & RAILWAY CO.-Trolley, electric light and
HELENA
1
Oct
1919
63,000
THE
A-0
g
5
1899
M
1st
'Hampton
&
Amesbury
and fuel.
Int. at Beacon Tr. Co., Boston, Trustee. power, gas light
Sept. 1905 as sucold $100,000 ($1,000)
ORGANIZATION.-Incorporated in Connecticut in1043.
and int. on any int. date
Controls the
onds.-The 1st & ref. 5s o 1914 are red. at 110
Helena Light & 'fraction Co. V. 81, p.
the
to
are
bonds
cessor
auth.,
$293,000
these
of
remainder
the
Of
notice.
on 43 days'
Co.; comprises the city's entire street railways
Coke
&
Light
Gas
of
Helena
cost
for
and
additions
reserved
4 1926.
April
expire
reserved for prior liens and $1,000,000
Franchises
plants.
-light
electric
and
gas
impts. under certain restrictions (V. 100, p. 55).gross, $696,099; net, after and
Feb. 1013 held that city could
Decision.-The Montana Sup. Court inthe
EARNINGS.-For year ending Dec. 311914,
company to light its tracks
not enforce an ordinance which required
city-see V. 06. p. 1422.
taxes. $140,588.
the
to
expense
without
limits
city
of single track (80 miles within the
ROAD,&c.-Owns and operates about 126 miles
Interest. Outstanding. Maturity.
and west from HaverSTOCK AND BONDS- Date.
in Mass. and 46 in New Hampshire), extending east
See text.
$561,000
Merrimac, Salisbury and Common 3900.000
hill, Mass., entering on the east Newburyport,N.
374,000 May 15, iv
5 -F
H., and on the west Preferred $600,000 5% cum__
Amesbury, Mass., and Plaistow and Newton.
1,023,000 Sept 1 1925
M-S
g
5
and
Pelham
Hudson,
1905
Salem,
1
and
$1,500,000
Ma.ss.,
mortgage
Dracut,
and
First
Lawrence, Methuen
Owns and operc*fInt. at Columbia Tr. Co.. N.Y.,Trustee.
gold ($1,000)
N. H. Enters Lowell and Nashua under trackage rights.
at 105 and int.; 3340,000 are
Connects with the Bay
Bends.-Thelst M. bonds are subj. toofcall
ates local lines in Newburyport and Amesbury.and
cost, and $20,000 in addition to
at 85%
Exeter-Hampton
the
impts.,
and
By.
extens.
for
St.
&
Nashua
r
reserved
State St. By., Mancheste
A sinking fund of 1 % pee
treasury.
Lake
on
in
are
Canoble
park
&, Amesbury St. By. Also Owns a large amusement30 work cars and snow amount reported outstanding June 11908. which will be increased to 2%%
ann. of bonds out commenced
in Salem, N. H. 88 open and 53 closed cars and
in
retirement of bonds at not
used
be
to
fund
said
1918;
1
June
per annum
plows.
than 105 and int. See V.81. p.1550. $117,000 have been retired
OFFICERS.-Pres.. D. A. Belklen; Treas., F. E. Webster; Gen. Mgr., higher
date.
to
fd.
sink.
by
Franklin Woodman.-V. 100, p. 53.




SEPT., 191 id

ELECTRIC RAILWAYS

Dividends.-Five per cent per annum in quarterly installme
nts is being
paid on pref. stock. First dividend
on common, 1%, paid Oct. 31 1906.
In 1907,3%. In 1909,3%. In 1010,
In
1911
and
4%,
5%. In
1912,
1913,5%. None since.
EARNINGS.-For 12 mos. end. Dec. 31 1914, gross, $315,862
; net,
after taxes,$100,367;int. and sink.
fund,$69,827; surp.. $30,540. In 1913
gross, $327,164; net, after taxes, $95,256;
int. and sinking fund, $68,142;
surplus, $27,114.
ROAD.-Operates 23.55 miles of track.
OFFICERS.-Pres.,P. G. Gossler; V.-Ps., J. H.Pardee and A. Coppell;
Sec., H. S. Collette; Treas., R.
B. Marchant; Asst. WA.& Asst. Tress's,
T. W.Moffat (all a New York)
A. B. Sibley. Helena. Operated under the general management of and
G. White Mgt. Corp.. New York_City.
-v.88.13. 1061; V. 91, p. 1095;J.V.
96, p. 1422.

53

Coal Traction; (3) Indianapolis & Western Traction,
and (4) Richmond
Street & Interurban Ry.
On March 25 1907 leased the Terre Haute Traction & Light
Co. for 999
years (see terms under that company below), and in April
1907 leased for
999 years the Indianapolis & Northwestern Traction
and the Indianapolis &
Martinsville Rapid Transit (see terms under respectiv
companies).
In April 1910 purchased 46,717 of the 50,000 shareseof
the stock of the
Indianapolis Trac. & Term. Co., giving
its own common and pref. stock
in exchange (V. 90. p. 1103, 1240);
and
since
that
time
has
acquired the
remainder of this stock except directors' shares.
On May 1 1912 leased for 999 years the Indianapolis
Crawfordsville &
Danville Elec. By.(see terms under
latter company below). V.94. p. 1567.
Franchises.-In a letter to bankers in May 1910, President
of the company said: "The great majority
of
the
franchises under which the system is
operated extend well beyond the
of these bonds list & ref. mtge.]. The
franchises in the city of Indianaplife
olis expire in 1933."
HOLYOKE, MASS.
STOCK AND BONDSHOLYOKE STREET RAILWAY.-Trolley.
Interest. Outstanding. Maturity.
ORGANIZATION.-Incorp. in Mass. June 11 1884. Leases the Mt. Common $12,500,000 100)- Date.
$9,100,000
Tom (incline) Rit. until June 1 1922 at6% per annum on
Preferred $12,500,000 $100)the;$100
stock.
9,100,000 See text
,000
Q-J
In 1907 purchased the Hampshire Street icy. (previously
,Sc ref mortgage $8,0 0,0001 15-10 5 A-0
leased). V. 85, 1stgold
6,500,000 April 1 1945
p.40. In Aug. 1907 purchased the Amherst & Sunderland Street
($1,000)
s
f
esti!Int. at Fidelity Trust Co., Phila., Trustee.
By.(V.85, Indianapolis &
p. 294), giving a through connection from Holyoke to Amherst
Eastern 1st{
and Sun5 f3
See text July 1 1927
derland.
Cons M $1,000,000 gold 1902
at Mercantile Trust Co., N. Y., or at
In Mar. 1915 issued $850,000 20-yr. 5% 1st mtge. bonds to
($1,000)sinking fund_ _ c*tf Int.
Central
Trust
retire
Co.,
Indianap
$250,olis, Trustee.
Ind
000 bonds which matured April 1 1915 and for paying floating indebted
& Green 1st M,$300,000i 1899
ness.
5 ir
134.000 Jan 1 1929
V. 100, p. 733, 982.
($1,000) gold
OM Int. at Cit. Savings & Trust Co.,
Tr.,Cleve..
Strike.-A strike for a 9-in-11-hour day with the same wages
or at First National Bank,New York
as paid for
Stock.-Pref. stock is 5% um.
10 in 12 hours, which tied up the company's lines
after July 1 1910. Should corn. atCity.
for 81i days, was called time pay 6%, pref. will
any
pay
off Aug. 15 1015 when an agreement was reached
the
same. V. 90, p. 1555.
submit the dispute to
Bonds.-Remaining 1st
ref. bonds are reserved
arbitration (V. 101, p. 614). On Aug. 27 the mento
for additions and imstruck aglin but went provements, under careful&restricti
back to work Sept. 10 1915. V. 101, p. 923.
ons.
Callable
as a whole on and after
April 1 1915 at 105 and int., or in part, for
sinking fund only at 1023
STOOKDate.
Interest. Outstanding. Maturity, 8tc. and int. on any int. date. $316,000 held in sinking fund
Stock ($100)
Sept. 1 1915.
S.
f.
$55.000
8
J-J
p.
a.
first
$1.342,0
5
years
00
July
and
'15.
$106,675 p. a. thereafter; bonds
49'
First mortgage, $2,500,000,1 1915 5 A-0
850.000 April 1 1935 acquired for s. f. to be alive and int. added to s. f. V. 90, p. 1491.
gold ($1,000)
c*f Int. at SprIngf. Safe Dep.& Tr. Co., Trustee
Of the $1,000,000 Ind. & East. consols auth., $300,000
Del) bds ($500, $1,000)c*_nti
are reserved to
1890 5 A-0
85,000 Oct. 1 1920 retire the Ind.& Greenfieldlst 55.$54,000 have been canceled by sink.fund.
Debenture bonds
'Ai
265,000 April I 1923 Of the remaining $646,000 out, $586,000 are owned by T_erre itaute Ind.
Leased line rental Mt Tom RR 1903 5 A-0
&
East. Trac. A sinking fund,1% of bonds out, began July
stock 67
1 1908. Fund is
0
to be invested in the company
6
100,000
's bonds if they can be bought at not more
Bonds.-$350,000 1st M.bonds are reserved
than
105
and
int. Bonds cannot be called. See V. 75, p. 342.
to retire the debenture bonds,
remainder issuable for additions and impts. under
On the
certain restrictions. Red. Ind. & Greenfield bonds, $12,500 is payable yearly
to a sinking fund beat 107 and int. on and after April 1 1920.
ginning Oct. 1 1904, with which bonds beginnin
100, p. 982.
g
with
No.
1
are
being
Interest on debenture bonds payable atV.
purchased
at 105 and accrued int.; $166,000 were
Holyoke National Bank.
so purchased up to
Dividends.-From 1892 to 1915, inclusive, 87 yearly.
Sept. 1 1915.
ROAD.-Has 69.975 miles of track, including Mt. Tom (incline)
Dividend
s.
-Initial
div.,
13,
1%, on pref. paid Oct. 1910; same
RR
4.900 feet long, and connecting with the Woronoco Street By. to Westfiel
d, guar. to and incl. Jan. 1914. None paid since. See V. 98. p. 914.amount
Mass.; with Springfield St. Ry. to Springfield,
and with NorthampREPORT.-For entire system for calendar years:
ton St. By. to Northampton, Mass.,and direct Mass.,
to
Chicopee
,Chicopee Falls,
South Hadley, Amherst and Sunderland. Passenger
1914.
1913.
1912.
vice cars, 27; snow-plows. 19; other vehicles, 7; electriccars, 120; other ser- Gross earnings
$6,667.263 $6,533,014 $6,432,060
motors, 269.
Operating expenses and taxes
4,261,162
EARNINGS.-For year end. June 30:
3.964,864
3,814.428
1915.
1914.
Net earnings
1915.
1914.
$2,406,101 $2,568,150 $2,617,632
Gross earnings_ _ _$708,586 $643,861 Balance for
divs__ $96,233 $87,497 Rentals and other deduc'ns,sub. cos_ $1,625,478 $1,594,7
Net
32 $1,532,673
193,340 177,642 Dividends(87)_
Sinking
funds,subsidiary companies_
107,360
96,624
152,247
Int., taxes, &c_
150,813
145,730
07,107 90,145 Deficit
Int.
&
sic. fd. on divis. bds. of this co_
27,500
27.500
27.500
OFFICERS.-Pres., Louis D. Pollster; Sec. & Treas.,$11,127 $9,127
S. D. Nevin, all
of Holyoke.-V.86, P. 52; V.96, p. 652, 716; V.
Balance
$600,876
96, p. 1840; V. 99, p.816, Interest on T.
$795,105
$911,729
V. 100, p. 733, 982; V. 101. p.614, 923.
H. I. & E.T. bonds
$325,000
$325,000
$325,000
Sink. fd. on T. H.I. & E. T. bonds
55,000
55,000
55.000
Balance
HOUGHTON, MICH.
$220,876
$415,105
$531,729
HOUGHTON COUNTY TRACTION CO.-Trolle
Note.
-In
addition to sinking funds as shown above, there was
y road.
paid as
interest on bonds already held by trustees
ORGANIZATION.-Organized in 1903 and
in sinking fund which
aptook over Houghton County plied to the purchase
Street Ry., which latter company was
of additional bonds, $80,110 in 1914. $60,540was
incorpor
in
1913
ated
in
1899.
and
Franchis
$49,255 in 1912, making total received for sinking
es
in public streets expire in 1929, 1930, 1932, 1933
account by
private right of way. $100,000 corn. stk. owned and 1938. Largely on trustees $299.857 in 1914, $278,853 in 1913 and $262,485fund
in 1912.
by Pub. Serv. Invest. Co.
STOCK AND BONDS- Date.
ROAD.-Operates a modern high speed electric
Interest. Outstanding. Maturity. which
over lines
Common $750,000 ($100)__--__
comprise a continuous route from and including railway
A-0
$750,000
the
city of Paris in
See
text
Prof6% cum $500,000(100).
through the city of Terre Haute and towns of Brazil,
A-0
207,200 Apr '15, 37 Illinois
Greencas
tle
1st consel mtge $1,600,0001908
Amo,
Clayton
and
1
Plainfield, to the city of Indianapolis,and thence,through
5 EC J-J
751,000 Jan 1 1937 the towns of Greenfiel
($500 and $1,000) gold_
_ tf Int. at Old Colony Trust
Co., Boston,Trust. the city of Richmon d, Knightstown, New Castle and Cambridge City, to
Hough Co St Ry mtge $750,- 1900
5 g J...j
d
in
Indiana;
also
a line running south from Indianapolis
349,000 July 1 1920 to Martinsville,
000 gold ($1,000)
Ott Int. at
Ind.; a line running
Dep.& Tr. Co.. Trustee. Ind.;
from Indianapolis to Danville.
Stock and Bonds.-Pref. stock is Boston Safe
a line running northwest fromwest
Indianapolis to Lafayette, with a
le at 110. $349,000 consol. branch
mtge. bonds reserved for prior liens;redeemab
to
Crawfords
ville;
line
a
running northwest from Indianapolis direct
$28,500 are in treas.; $417,000 for fu- to
ture additions at 80% of cost; they are
Crawford
sville and from Terre Haute a line north to Clinton, Ind.,
subject to call as a whole or in part line
and a
for sinking fund at 105 and int. Sinking
south to Sullivan, Ind. Also operates
fund 1%% of outstanding bonds, Terre
city lines in Indianapolis,
$54,500 have been canceled. The Houghto
Haute and Richmond. Total miles inthe
n County, Street By. bonds can anapolis,
single
track:
city
lines,
be called as a whole or in part at 105 and int.
Terre Haute. 27.63; and Richmond. 12.81; total, IndiV. 87, p. 614. $401,000 interurban141.08
181.52
have been canceled.
lines, total, 369.31. Grand
total, entire system, 550.83 miles.
Dividends.-On pref., 3% s.-a.from Oct. 1908 to
April 1915, incl. On
OFFICERS.-Pres., Robt. I. Todd; V.-Ps., Marshall
common, 291 Oct. 1909. In 1910, April, 2%%
S. Morgan, E. B.
since, to and including April 1914. None since. and same amount 6.-a. Peck and John J. Appel; Sec. & Treas., Jos. A. McGowan.
Directors.-Robt. I. Todd, Randal Morgan, W.
REPORT.-For 12 mos. ending June
Kesley
30
1915,
Harry
gross,
taxes, $97,020; interest, $55,696; sink. fund, $11,345; $265,299; net, after S. New, J. J. Appel. Jos. A. McGowan and E. B. Peck. Schoepf,
V. 90, p. 1103,
surplus, $29,979.
1240, 1364. 1491. 1555; V. 91, p. 718; V. 92, p. 396.
ROAD.-Owns 32.2 miles of track, including
1375:
V.
94.
P.
209,
1567;
V. 95, p. 892; V. 96, p. 717; V. 98, p. 525. 914; V. 99, p.
lines from Houghton to
Hancock and from Hancock to
1911.
. Red Jacket, Lake
and
Hubbell, and the mining locationsLaurium
of Quincy, Osceola, WolverinLinden
e, Allouez,
Ahtneek and Mohawk; 41 cars. Standard gauge.
(1) Indianapolis Traction & Terminal Co.
In April 1910 control was acquired by the Terre Haute
OFFICERS.-Pres., Frederick P. Royce,
Indianapolis &
Boston; V.-Ps., F. J. Bowden Eastern Traction
Houghton, and T. N. Perkins, Boston;
. V. 90, p. 1101. 1239.
Sec., Alvah K. Todd, Boston;
Treas., Henry B. Sawyer, Boston; Mgr.,
Gardner
ORGAN1ZATION.-Incorporated in Indiana on Aug. 4
Rogers,
Houghton,
Mich.; Gen. Mgrs., Stone .3c Webster Mgt. Assn.,
with
capital, which was increased in Jan. 1903 to $5,000,01902
V.88. p. 1499; V.89, P. 666; V. 94. p. 1763; V. Boston.-V.87, P. 614: $500.000
00 to lease
the Indianapolis Street By. and to provide
99, p. 816.
terminal facilities for all interurban electric roads now entering or yet to
enter Indianapolis. Franchise is for 31 years, under the terms of
the company is to pay the
HUDSON,
city 4 cents per car for the first 11 years, 6which
Y.
cents
for the next 10 years and 9
ALBANY SOUTHERN RR.-Third N.
cents
for the remaining 10 years. On Dec. 29 1902
rail, except in cities.
leased for 31 years the
ORGANIZATION.-Incorpo
in New York Sept. 14 1909 and is a Indianapolis Street By. V. 75. p. 1301.
reorganization of the Albany &rated
Interurb
an
railways
enter
the city under agreements by which they pay
Hudson RR. Co. sold under foreclosure on
Sept. 8 1909 (per plan V.89, 13. 223).
3 cents per passenger for all passengers carried in the city limits
Sept. 18 1909 merged Albany
and an
Greenbush Bridge Co. V. 89, p. 720. On
additional 1 cent for those using the terminal
Franchises are perpetual. Does&
station. V. 81, p. 264.
a
passenger, freight and express business and supplies
light
STOOK
AND
and
BONDS
power
- Date.
Interest. Outstanding. Last Div.
along route.
Stock $5,000,000
$5,000,000Dec 13 13(7
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity 1st mortgage $5,000,000 gold), 1903 5 g3-3
A-0
.
5.000.000 Jan 1 1933
Common $1,375,000 ($100)- ($1,000)
sink
fund
51.375,000
_ _ _ _estifInt. at Guaranty Tr.& S.D.Co..
Pref $2,100,000 5% n-c ($100)
Phila.,Tr.
F-A
2,029,000 Aug'11,M
Bonds.-A sinking fund provides for the payment annually
First mortgage$1,500,0001 1909 5 g M-S
1 1-59' of
1,500_.00
0
bonds
outstand
Sept
ing,including those in the sinking fund. See *V.of
1 19
gold ($1,000)
c* tffBankers Trust Co.. New York. Trustee.
76,
p. 1085.
Bonds may be drawn for sinking fund at
Bands.-$198,000 are in treasury. Recording tax
1023. and int. and are subj. to call
paid.
that
making
at
price.
See
V.81.
them
taxp. 264. $798,000 held in sinking fund Sept. 1 1915.
ext. in New York. Sk. fd. of 1%% of bonds authorize
d
DIVIDENDS.-Initial semi-annual div. on pref., from 1917 to 1922;
Dividends.-First dividend on stock, 19', was paid
Dec. 31 1908; in
13%. paid Feb. 1 1009. 2%; in 1910, 2%;
1911. Aug., %%; none since.
in 1911,
in 1912. July, 2%; Dec.. 2%. In
REPORT.-For year ending Juno 30:
1913. June, 2%; Dec., 13.%. In5%:
1914, none.
Year end.
Gross
Net (after
ROAD,&c.-Has completed 24.39 miles of single track
Interest,
Balance,
Passengers office
owns 9-story
June 30- Earnings.
Taxes).
RentalsAc. Surplus.
terminal building, train-sheds and 3 freight and
Carried. locatedand
depots centrally
1915
$502,775
$136,692
in Indianapolis; also real estate on
$91,719
$44,973
which
1,452,73
same
9
are
constructed.
1914
507,048
125,076
is used by all interurban roads (13 in number) entering
98,105
26,971
1,563,064 This terminal
IndiROAD.-Operated by third-rail system
Owns electrical and steam equipme
nt of 7,000 lc. w. capacity,.
Albany via Rensselaer to anapolis.
Has
Hudson. Comprises 37 miles of main line from
110
double-t
ruck closed and 35 double-truck open city cars. Also
9 miles of sidings, with 2 leases the
additional miles of overhead trolley road inand
Indianap
olis
Street
By.
Hudson.
Total,
61 miles of
track. In Feb.1900 made contract giving it privilege to
EARNINGS.-For calendar years:
enter Albany over
the tracks of the United Traction of Albany.
Double-tracking of road be- YearGross.
Net.
Charges. Dividend. Sur. or Def.
tween Rensselaer and Kinderhook Lake complete
1914
d
in
$3,378.757 $1,383,080 $1,409,591
passenger cars,6 freight and 2 expresscars,2 snow-plows1910. Operates 19 1913
def.$26.511
3,321,088
and 2 electric loco1,442,144
1,371,200 $162,500 def. 91,556
motives. Rails 70 and 80-1b. steel; standard gauge.
Also owns the highway toll bridge over Hudson River at Albany. On June
OFFICERS.-Pres.. Robt. I. Todd; V.-Ps., E. B. Peck,
Marshall
30 1915 had 2,087 Morgan and John J. Appel;
electric and 2,376 gas customers.
Sec. & Treas.. W. F. Milholland.-V. 81. S.
p.
264:1).
OFFICERS.-Pres., William Loeb Jr.; V.-P., Richard
p. 627: V.83. p. 1411; V. 87, p. 1664; V. 90, p. 1101,
Sutro; Sec. 3c p. 207; 82.
1239; V.94,
Treas., I. W. Day; Gen. Mgr., James E. Howes.
V.
97,
p.
1426;
V.
98,
p.
523.
89, p. 720, 1140, 1222,
1346: V.02, p. 183, 185; V. 94, p. 122; V. 97, p.-V.
1500; V.99, p. 1832; V. 101
p. 845.
(a) Indianapolis Street Ry.-A trolley system.
ORGANIZATION.-Incorporated in Indiana March
1899. After
acquirin
g the Citizens' Street RR. of Indianapolis and the7City
INDIANAPOLIS, IND.
Railroad,
made a contract with the City of Indianapolis
agreeing to surrender the
TERRE HAUTE INDIANAPOLIS & EASTERN TRACTI
rights and franchises of both companies and accept
ON.
a
new
franchise running
only thirty-four years. The contract also 'provides that cash
ORGANIZATION.-Incorporated in Indiana on March
fares are not
23 1907 and to exceed
acquired by purchase (1) Indianapolis & Eastern
cents, with free transfers, and tickets are to be sold
at the rate
By.; (2) Indianapolis of six for five
twenty-five cents and twenty-five for one dollar.




54

ELECTRIC RAILWAYS

[VOL. 101.

ZionsROAD.-Embraces 86.07 miles of track between Indianapolis,
(which is to expend
The company also binds itself to pay over to the city.
and Lafayette, including a branch from Lebanon
yearly from 1899 to 1925, and ville, Lebanon, Frankfort
it on the public works) the sum of $30,000 the
gauge; 70-lb. T rail. Operates 20 vestibule
Standard
Crawfordsville.
to
1933
in
expiring
contract
V. 88,
$50,000 yearly from 1926 to 1932, inclusive,
property "at and 4 freight cars. Power house and car barn are at Lebanon.
see V. 68, P. 723. The elt3r gets the right to purchase thethe
expiration P. 295; V. 92, p. 59.
before
any time within two years and not later than one year
Harry
and
Murdock
-Ps.,
Chas.
V.
Todd;
Law
I.
franchise.
Robt.
the
of
OFFICERS.-Pres.,
of this contract," nothing to be paid for the value
S. New; Sec. & Trans., Jos. A. McGowan.
sustained May 1902. V. 74, p. 936.
decided
Appeals
of
Court
S.
U.
the
which
fare
case,
As to the three-cent
Co.-An electric road.
and
(4) Indianapolis & Martinsville Rapid Transit
In favor of the Citizens Co.in Dec. 1897.see Supplement of Nov. 1898,
the Terre Haute Indianapolis &
Leased.-in April 1907 was leased to will
V. 64, p. 842, 1180: V. 65, p. 51, 181, 1172.Ripple Traction Co.,and owns
int. on the bonds; also
the
pay
co.
latter
The
Broad
of
years.
East. Trac.for 999
Guarantees the ($400,000) bonds
84, p. 749. The Terre Haute Ind. &
$500 per year for organization. V.
75% of its stock.
shares.
directors'
except
stock
of
Issue
Ter;
entire
&
owns
Traction
Eastern
Indianapolis
Lease.-On Dec. 29 1902 was leased to the
Operdividend o,
ORGANIZATION.-Incorporated in Indiana on April 24 1901.
minal Co.for 31 years. See V.75, p. 1301. Lease provides foryear,
4% for ates on private right of way except in incorporated towns.
installments for first
1% Jan. 1 1903, then 3% in semi-annual
Interest. Outstanding. Maturity.
second year, 5% for third year and 6% after July 1906.
B10
)120S- Date.
N
00
00D $
7I5C0A1
0
ST03
$750,000
Interest. Outstanding. Maturity.etc. Stock
_
_
STOCK AND BONDS- Date.
750.000 Jan 1 1932
95,000,000 july'15, 31" First mtge,$750,000 ($1,000) 1902 5 g J-J
J-J
Capital stock ($100)
Security Tr. Co. of Inand
Co.
1
1933
Trust
Jan
6,000,000
.14
g
4
Union
1899
ntf
gen(
c*&r
_
Ry
gold
Street
Indianapolis
at Sec. Tr. Co., Ind.
Int.
Co.,
Tens.
&
Safe
Deposit
Trust
Guar.
dianapolis,
mortgage $6,000,000 goldi Interest at
Philadelphia, Trustee.
Bonds.-No sinking fund, but bonds are subject to call after 10 years at
_
tf
(91.000) guar__
1933
May
1
4,000.000
M-N
g
5
1223.
p.
1893
78,
Mt
V.
fat
See
v
ft
interest.
and
105
Citizens Street
after taxes,
$4,000,000 g ($1,000)_c* UCentral Trust Co., New York, Trustee.
EARNINGS.-For calendar year 1914, gross, $169,330; net,
80,000 See text.
5 M-N
$21.854. In
Equip. certificates Series A" 1909
$58.854; other income, $500; bond interest, $37,500; surplus.
Trustee.
Philadeiphia,
Co.,
Trust
Fidelity
_
_
$52,114; other income, $500; bond
$200,000 ($1,000)
taxes,
after
net,
$162,463;
gross,
1913,
See
5 J-J
Equip. certificates Series"B" 1911
interest, $37,500; surplus, 315.114.
tee.
st
Trustee,
5
Fidelity Trust Co., Philadelphia,
9100,000
text
ROAD.-Embraces 27.14 miles of track from Indianapolis to Martins5
Bonin. certificates Series"C" 1913
ville, completed in May 1903. 70-lb. rails; standard gauge.
Trustee.
ee
d5erhia,
Co., Phila7
M-S
$100,000Fidelity Trust
Mur85,000 See text
OFFICERS.-Pres., Robt. I. Todd; V.-Ps., Harry S. New, Chas.
Equip certificates Series"D" 1913 6 J-D
McGowan.
dock and John J. Appel; Sec., E. B. Beck; Treas., Jos. A.
$100.000
p.
V.
749.
84,
Philadelphia.
Bank,
Nat.
Street
Fourth
at
Interest on Citizens' consols
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can(5) Indianapolis Crawfordsville & Danville Electric Ry.
celed. No bonds reserved for the Citizens' consols. The company binds
&
Lease.-On May 1 1912 was leased to the Terre Haute Indianapolis
itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem
guaranTrac. for 999 years. Under the lease the latter company
at maturity the greater part of the entire issue of Indianapolis Street Ry. Eastern
divs. on 3200,000 pref. stock and semi5%
bonds,
M.
I.
1st
&
of
p.
tees
Terminal
&
Traction
Indianapolis
the
by
is
guaranteed
provision
this
bonds;
com. viz.: M % from Nov. 30.1912 to May 311914, 1%
Co. See V. 76, p. 542; $612,000 held in sinking fund Sept. 1 1913. Equip. annual divs. on
1916 to May 1918 and 2% thereafter.
certificates Series"A" mature $10,000 on May 1 and Nov. 1 each year until Nov. 1914 to May 191'6, 134% Nov.
new
54
of
purchase
cover
They
.-Incorp. In Indiana on April 20 1912 as successor to
retired.
been
ORGANIZATION
paid in full. $120,000 have
Trac., sold at foreclosure. Built
in
West.
July
1
the Indianapolis Crawforsdville &
cars. V. 88, v. 1499. Series "B" mature $5,000 on Jan. 1 and
has 50-year franchises
each year until paid in full. $45,000 have been retired. They cover pur- entirely on private right-of-way. In cities and towns
and mail matter.
express
and
1
1
Sept.
freight,
March
on
of
$5,000
mature
chase of 25 new cars. Series "C"
which permit the carrying
each year until paid in full. They cover 25 new cars. $25,000 have been reInterest. Outstanding. Maturity.
te.
Da
BONDSAND
STOCK
$400,000 See text
tired. Series ''11" mature $5.000 on June 1 and Dec. 1 each year until Common $400,000 ($100)__ _
M-N
200,000 See text
paid. Covers 25 new cars. $15,000 have been retired.
J-D
Pref $400,000 5% cum ($100- _
May 1 1952
1,000,000
Stock and bonds listed on Phila. Stock Exchange. V. 69, p. 851.
M-N
g
5
1912
gold1
First mtge 32,500.000
Phila.,Trustee.
ROAD.-Operates 116.69 miles of track, with 350 cars. 90-lb. rail.
($1,000) guar p& I_ cdcr tffInterest at Girard Trust Co.,
are for extensions
$1,000,000
bonds,
mtge.
first
remaining
-Of
Bonds.
B.
-P.,
H.
V.
New:
as
OFFICERS.-Pres., Henry Jameson; V.-P., H. S.
$500,000 to be issued only under certain conditions. Subj. to call of
Hibbon; Sec. & Tress., Jos. A. McGowan; Asst. Sec. & Treas., W. F. and
a whole but not in part at 10236 and int. on any int. day. Sinking fund
Milholland, Indianapolls.-V. 79, p. 151; V. 88, p. 1499
March 1 1913
$9,000 per annum on initial 91,000,000 bonds out commencing
as will
When add'i bonds are Issued fund shall be increased by such amount
(2) Terre Haute Traction & Light Co.
2-3 of such addl bonds issued. $29,000 held alive in sinking fund
Leased.-In March 1997 was leased to the Terre Haute Indianapolis & retire
Sept.
11915.
Eastern Trac. Co. for 999 years. The latter company guarantees 6% on
EARNINGS.-For calendar year 1914, gross. 9225,796; net, after taxes.
the outstanding pref. stock and 2% on common for 1 Yi years, 3% for
350,000; sinking fund. $9,000;
1 year, 4% for 1 year, and 5% thereafter, and 91,000 per year for organi• $57.470; other income, $500; bond interest,not,
after taxes, 350.097; other
deficit, $1,030. In 1913. gross, $214,708;
zation expenses. V. 84, p. 750.
fund, $9,000; deficit $8,403.
The Terre Haute Ind. & East. Trac. owns all the common stock except income,9509; bond int., 950,090; sinking
Indianapolis and Crawbetween
road
of
miles
ROAD.-Operates 41.87
directors' shares.
fordsville. Standard gauge. 70 and 85-lb. T rails. An extension from
ORGANIZATION.-Is a consolidation in 1904 of the Terre Haute Elec- Crawfordsville to western boundary of Indiana east of City of Danville,
tric Co. and the Terre Haute Electric Traction Co. Principal railway Ind., is proposed.
franchises expire 1952; principal lighting franchise perpetual; other franOFF10ERS.-Pres.,John J. Appel; V.-P., Robert I. Todd: Sec.& Treas.,
chises average 30 years from Jan. 1 1906. Leases Terre Haute & Western Jos. A. McGowan; Gen. Mgr., Robt. I. Todd. V. 94, p. 1449, 1565, 1695.
Co.
Railway
Interest. Outstanding. Maturity.
BROAD RIPPLE TRACTION.-A trolley road.
STOCK AND BONDS-- Date.
& Broad
$2,000,000 See text
ORGANIZATION.-Organized as successor to the Indianapolis
M-S
Common $2,000,000 ($100)-Indianapolis
1,000,000 Sept '15, 3% Ripple Transit Co., sold at foreclosure July 1899. isThe
M-S
Pref.$1,000,000($1006% Cu.
separate. Road
3,211,000 May 1 1944 Street By. owns about 759" of stock, but organization
5 g M-N
First cons mtge $5,000,000 1904
of Indiana and the Indianaptf Interest at State Street Trust Co., Boston. Is jointly operated by the Union Traction Co.
gold
1,500.000 July 1 1929 olis Traction & Terminal Co.
5g
Terre Haute Electric 1st mtg 1899
Dep.
&
Tr.
Safe
Co.,
Boston.
Outstanding, Maturity.
Boston
Interest.
at
Int.
c*
Date.
($1,000)
gold
$1,500,000
STOCK AND BONDS$100,000
Bonds.-The Union Trust Co.of Indianapolis and the Boston Safe Deposit Stock $100,000 (par $100)J-J
g
5
400,000 July 1 1933
11899
c*ntf
the
Of
Haute
mtge.
Electric
Terre
(31,000)
the
of
g
trustees
Mtg $400,000
& Trust Co. are joint
'Int. at Guar. Tr.& S.D.Co.(Phila.), Trust.
$5,000,000 consols, $1,500,000 are reserved to retire prior liens. The new
f. and bonds cannot
Bonds.-Are guar. p. & 1. by Ind. St. By. No s.
bonds are callable as a whole at 110 and Int. on any int. date. A sinking
Trac. Co. (subsequently consolidated with the
fund of 1% of outstanding bonds commenced May 1 1906. $289,000 was be called. The Ind. Nor.
of the bonds.
of
half
($200.000)
i.
&
p.
held by this fund Sept. 11915. The United States Trust Co.of Terre Haute Union Tr. Co. of Ind.) guarantees
and the State Street Trust Co. of Boston are trustees of this mortgage.
ROAD.-7M miles of track from Indianapolis to Broad Ripple Park.
Treas.,
See V. 78, p. 2013.
OFFICERS.-Pres., Robert I. Todd; Sec., Jos. A. McGowan;
EARNINGS.-For calendar years:
E.B.Peck. V.69.p. 180; V.73. p. 137. 183; V.78.p. 1167.
Net. Oth.Inc. Dedue'ns. Sink.Fd. Balance.
Gross.
Year$1,419,173 $643,910 81,000 $267,780 $33,247 8343,883
1914
INDIANAPOLIS & CINCINNATI TRACTION CO.
419,930
31,813
265,567
1,000
716,310
1,408,764
1913
Nov. 17 1910 as sucORGANIZATION.-Incorporated in Indiana onCo.,
lines
including
sold at foreclosure
Haute,
Terre
in
track
of
miles
ROAD.-Embraces 87.26
cessor to the old Indianapolis & Cincinnati Trac.
from Terre Haute to West Terre Haute, Clinton, Brazil, Sullivan and San- Nov. 10 1910. V. 91, p. 1385, 1025.
Co. (all of whose
Trac.
Southeastern
&
Indianapolis
ford, Ind. Rails .60 to 80 lbs. 95 cars.
the
In 1911 acquired
old Indianapolis & Cincinnati Trac. Co.
OFFICERS.-Pres.,Derma Deming; V.-P., Robt.I. Todd;Sec.& Treas., com. and $30,000 1st M. bonds thethe
Southeastern was leased) and
&
Ind.
company
which
to
and
J.
-V.
Davis.
E.
Treas..
owned
had
Asst.
84,
&
P.
Sec.
Asst.
A.
McGowan;
Joseph
right of way except in
canceled its corn. stock. V.92, p.881,956. Private
750; V. 90. p. 1555: V. 98, p. 525.
in cities and
cities and towns. County franchises perpetual. Franchises
except in Indianapolis,
(a) Terre Haute & Western Railway Co.-An electric road.
towns are for 50 years (the oldest being dated 1904),
Traction
with
Indianapolis
contract
Has
1900.
Leased to Terre Haute Traction & Light Co.for 999 years from Nov.1907. which is for 34 years from
Terminal Co. for 31 years allowing its cars to enter Indianapolis.
ORGANIZATION.-Incorporated in 1907 in Illinois. Road extends & In Nov. 1912 the I. & C. Light & Power Co. was incorporated with
from the Indiana State line near Sanford, Ind., to Paris. Ill., 10.63 miles. nominal ($900) capital stock in the interest of the Traction Co. to furnish
Began operation Oct. 25 1907. Is entirely on private right-of-way. Entire light and power to the communities along the company's route.
corn. and pref. stock owned by Terre Haute Ind. & Eastern Trac. Co.
In Feb. 1913 the 1. & C. Electric RR. was incorp. with 310.000 capital
Interest. Outstanding. Maturity. stock,to extend the Traction Co.'s lines from Rushville to Cincinnati by way
STOCK AND BONDS- Date.
$200,000
Stock common $200,000
of Brookville, Ind., and Harrison, 0. It may later be merged with the
150,000
Cincinnati Harrison & Indianapolis Traction Co.
Preferred $150,000
a
250,000 Nov 1 1937
5 g M-N
In April 1913 acquired control of the Cincinnati & Westwood RR.,
First mortgage $250,000 goldl 1907
line of
guar p & I ($1,000)___ c*tf Int. at New England Tr. Co., Boston, True. narrow-gauge road extending from Westwood, on the boundary
1297.
p.
96,
V.
miles.
1-3
5
the
city,
within
Brighton.
to
Cincinnati,
Bands.-Are guar. p.& I. by endorsement by Terre Haute Tr. & Lt. Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,000,000
EARNINGS.-For calendar year 1914, gross, $51,235; net, after taxes, Common 52,000,000
1,000,000 In 1912, 19'
J-J
$20.858; other income, $500; deductions, $12.500; surplus, $8,858. In Pref $1,000,000 (see text)____
1,400,000 July 1 1940
5 J-J
1913, gross. $55,086; net, after taxes, $25,899; other income, $500; deduc- First mtge 34,850,000 (311 1910
Co., N. Y,True.
Trust
Central
at
es
tions, $12,500; surplus, $13.899.
Intert
c*
000) gold (see text)
600,000 In 1913,59'
A-0
OFFICERS.-Pres., T. F. Grover; V.-P., F. T. O'Hair; Sec., E. J. I & S E pf stk $600,000 4100
548,000
July 1 1935
e
5
19118
p.
$1,000,0001
00,
M
1st
1555).
E
-(V.
S
&
Beasley.
Ind
T.
John
Treas.,
Davis;
Int. at Farmers' Loan & Tr. Co.,N.Y.,Trus.
gold ($1,000)•
452,000 Jan 1 1932
Ind Shelbyv & Southeast 1st 1902 5 g Tr.& Say.
(3) Indianapolis & Northwestern Traction Co.-An electric road.
Bk.,Chicago,Tens.
M $500,000 g (81,000)s f__ /Int. at Amer.
Lease.-In April 1907 was leased to the Terre Haute Indianapolis &
Stock.-Ind. & Cin. Trac. pref. is entitled to non-cum. divs. of 2% until
Eastern Traction for 999 years. The latter company will pay the interest
yearly to July 11913; thereafter 5% per
on the bonds: also 1g% quar. or 5% per annum on the $450,000 pref. July 1 1911, then increasing 1%
annum. Ind. & S. E. pref. is redeemable at 105 and accrued div. on any
stock and $500 per year for organization. V.84, p. 869.
Entire issue of common stock, except directors shares, is owned by the dividend date. See V. 81, p. 1375.
and C.
Bonds.-Ind.& Cin.Trac. 1st M.is divided into three classes, A,B
Terre Haute Indianapolis & Eastern Traction.
and Class C,
Class A,$1,300,000, all out; Class B,$200,000, none issued; Improvem'ts,
ORGANIZATION.-Organized in 1902 in Indiana. Operates a modern $3,350,000
extens.
for
reserved
outst'g),
(of which $100,000
or after July 1
high-speed interurban railroad, standard-gauge, located upon private right &c. Entire series of bonds of each class is subject to call on'
of way outside of the city corporate limits. Extends northwesterly from 1913 at 105 and int. As to priority of different series, see V. 92, P. 956.
the city of Indianapolis through the cities of Lebanon and Frankfort to the Of the $1,000,000 Ind. & S. E. bonds, 3452,000 is reserved for prior liens
city of Lafayette, with a branch from Lebanon to Crawfordsville, each of They are subject to call on any int. date at 105 and int. Of the Ind. Shelby.
which cities is the county seat of its respective county. Has trackage & S. E. bonds, the entire issue may be called on any int. date at 110. A
rights to the business centres of Indianapolis and Lafayette.
fund on these bonds of $10,000 per annum began Jan. 1 1908, for
The franchises run for 31 to 50 years from 1907 and permit the carrying sinking
which bonds can be called at 105, beginning with lowest number. $48,000
of freight, express and mail, as well'as passengers.
have been retired.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Dividends.-On pref. paid in 1911, 1U %; in 1912, 1%.
$2,550,000
net, 3163,367;
Common $2,550.000
EARNINGS.-For calendar year 1913, gross, $443,913;
See
text
450,000
Q-J
_
cum__
5%
($1,000,000)
Pref
taxes and dividends on I. & S. E. pref..
2,470.000 Mar 1 1923 other income, $1,344; interest,
5 g M-S
First mtge $3,000,000 gold' 1903
$454.731; net, $183,727: other
gross,
1912,
In
$3,823.
deficit,
5168.537;
c*tffInt. at Columbia Tr. Co., N. Y., Tens.
(91,000)
income, $2,920; interest, taxes and dividends on I. & S. E. pref., 8163,597;
Bonds.-The remaining $530,000 for improvements,&c., at 50% and 759' dividends on I. & C. Tr. pref., $10,050; surplus. $11,001.
to
of cost. No s. f., but bonds can be called on any int. date at 110 and int.
ROAD -Operates 58 miles of track from Indianapolis via Rushville to
miles of track from Indianapolis via Shelbyville
EARNINGS.-For year ending Dec. 31 1914, gross. $444.909; net, after Connersville and 49 105
An extension from Greensburg to
track.
of
miles
Total,
Greensburg.
surplus.
$18,$123,500;
interest,
bond
$500;
income,
other
taxes, $141,501;
0., Is proposed. 60 and 70-lb. T rails. 20 passenger cars and
501. In 1913, gross, $445,972; net, after taxes, $163,198; other income, Harrison,
4 express cars.
3500; bond interest, $123,500; surplus, $40,198.




SEPT., 1915.]

ELECTRIC RAILWAYS

OFFICERS.-Pres., Chas.
Henry, Indianapolis; V.-P., T. F. Rose.
Muncie; Sec., John J. Appel, L.
Indianapolis; Treas., John F. Wild, Indianapolis. Office, Indianapolis.-V.
91, P. 1025, 1385; V. 92, p. 322, 881,
956: V. 96, p. 1297.

IRONWOOD, MICH.

55

EARNINGS.-For calendar year 1914, gross,
$119,234; net. $59,113.
ROAD.-Operates 6.2 miles of track. 60-1b.
rail.
OFFICERS.-Pres., Harry Weissinger; V.-P. & Gen. Mgr.,
S. S. Bush;
Sec. & Treas., Geo. W. Lewis, all of Louisvil
le, Ky.-V. 83, p. 95.

IRONWOOD & BESSEMER RAILWAY & LIGHT CO.
ORGANIZATION.-Incorporated in Wisconsin.
JACKSONVILLE, FLA.
Is a consolidation of
the Ashland Power Co. and the
Gogebic & Iron Counties Ry. & Light Co.
JACKSONVILLE TRACTION CO.-Trolley.
Controls the electric light, power
and
street
railway
business
in
Ashland
,
ORGANIZATION.-Is a re-incorporation in Mass.in March
Ironwood, Bessemer, Hurley and Giles;
1911 (V.92.
the water supply companies in Ironwoo the gas business in Ashland, and p. 881) of the Jacksonville Elec. Co., which was
a consolidation of the Jackd and Hurley. Also owns some of sonville St. By.Co.,
the most valuable natural
the Main St. RR.Co.and the Jacksonville Elec. Lt.Co.
water
powers
Wiscons
in
in.
There
are
three Stock of old company was exchang
water-power stations operated by
ed,
share
for
share,
company
for
stock of new com; the last being put in pany. Railway
operation in Feb. 1914. Franchisesthe
in Ironwood and Bessemer expire in iness in Jacksonv franchise expires in 1932. Does entire electric railway bus1941. In Wisconsin operates under
ille. $350.000 corn. stock is held by Pub. Serv. Invest.
inate franchise.
Co.
On Feb. 28 1914 shareholders
In Jan. 1913 increased its auth. pref.indeterm
authoriz
ed $500,000 additional pref. and
from $200,000 to $400.000.
$500,000 additional common, making $1,000,
In Sept. 1915 the Wisc. RR. Comm.stock
auth.
000
pref.
the
sale
and
of
$1,500,
$100,00
Ashland
000
0
common
Lt., Pow. & St. Ry. 1st M.5% bonds at not
. V. 98, p. 763, 690, 611.
loss than 75 to defray the cost
of building a 1,500-k. w.
STOCK AND BONDS- Date.
turbine plant in Ashland.
Interest.
Outstand
ing.
Maturit
y.
Commo $1,500.000 ($100)__
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Prof6%ncum
Q-F
$1,000,000 NoY.,'14, 1
Common $500,000 ($100)-$1,000,000$100 ____
6 Q-F
500,000
$500,000
Aug.
'15.
First
consol
Pref $400,000 ($100)
mtge $5,000,000 1911
6% cum_
5 M-S
200,000 See text
Mar.
Q-M
(8500 and $1,000)
First mtge $2,500,000 goldl 1911
_ __c*tf
_
Int. at State Street
5 P-A
Wo.?Boston.
1,302,000 Feb 1 1936 Jacksonv Elec
1 T1rus
931
.
1st M $1,250.- 1902 5 g M-N Trus8t50d
sink fund ($1,000) c*_cptfInt. at America
n Trust Co.,Boston,Trustee.
1,245,000 May 1 1927
000 gold ($1,000)_..c*_ntf Int.
Ash Lt P & St R3, 1st mtgel 1909
19
American Trust Co., Boston,Trustee.
5 g J-J
520,000 Jan 1939 Two-year coupon notes
$1,000,000 gold ($1,000) Int. at Chicago Say. Bk.
1915
750.000
& Tr.
Trustee
Stock.-$100,000 common stock not reported
e&r_cpt (Leverett Thompson of Chic.,Co.,
7
ding held
ld in treasury
9
Co-Trustee.
.
Bonds.
the 1st consol. bonds, $1,245,000outstan
Bonds.-Remaining Ironwood & Besseme
r 1st M. bonds may be issued sonville -Of
are reserved to retire Jackfor 75% of cost of new property under
Elec.
1st
M.
and
$2,905,
000
certain restrictions. They are sub- ments at 80%
are for additions and improveject to call on any int, date after Feb. 1 1915
of
cost.
Subject to call as a whole or in part for sinking
at 104 and int. for sinking fund. fund at 105 and int. Sink.
Sinking fund provides for retirement of 1% of
fund, 1% per annum of bonds out begins Mar.
outstanding bonds beginning 1917. V. 92, p. 1564.
1
with year ending Feb. 1 1916. Ashland
Jacksonv. Elec. Co. bonds are subj.
Lt., Pow. & St Ry. bonds are whole at
to call as a
subject to call on any int. day at 104
105
and
int.
on any int. date. A sinking fund
in
and
after
of 1% annually of
1914.
Sinking
fund
of 1% bonds out commenced May 11907. which may
of bonds out began in 1912.
be
used
for exten. and impts.
or in purchase of bonds. $5,000 bonds have
Dividends.-6% per annum is being paid
been canceled.
on preferred.
Dividends.-Paid
ROAD.-Operates 73 miles of line in Ashland
% quarterly on preferred to May 1915;
and also about 7) miles 3.4% was paid. On1%
in Aug. only
in Ironwood, Hurley and
old Electric Co. com.6% annuall
Gile; a local road in Bessemer and
from Aug. 1 1905 to
an interurban Aug.
line of about 7 miles between Ironwoo
when rate was increased to 7% and sameyamount
d and Bessemer, which was completed 1911.1 1910.
paid
to Feb.
in July 1913.
On new Traction Co. com. initial
.4%-naia in May 1911:
same rate quarterly to and including Nov.div.-13
OFFICERS.-Pres., M. M. Reid, Ashland; Sec.,
1914. None since.
Geo.
F.
Merrill,
AshEARNINGS.-For 12 mos. ending June 30
land; Treas., W.Louis Williams, Boston.-V.
1915, gross. $645,283: net,
93,P. 1260; V.96, p.63.
after taxes,$197,715; interest, $153,593;
impt.fund,$12,450; sur.,$31,672.
ROAD.-Operates 53.83 miles of track.
Has 118 cars. Gauge 5 feet.
ISHPEMING, MICH.
OFFICERS.-Pres., Geo, J. Baldwin, Savanna
MARQUETTE COUNTY GAS & ELECTRIC CO.-A
h, Ga.; V.-Ps., Chas. F
Wallace, Guy L. Weymouth and Harry H.
trolley road.
Hunt; Treas., Henry B. Sawyer;
ORGANIZATION.-Incorporated in Maine
Sec.,
Alvah
K.Todd; Mgr.,Hardy Croom,Jacksonville, Fla.;
on Nov. 19 1906 as reorGen. Mgrs..
ganization of the Marquette County Gas Light &
Stone
&
Webster
Mgt.
Assn.,
Tractio
Boston.
n
Co.,
-V.92, p. 881, 1564; V. 97, p. 117;
sold under
foreclosure. V. 83, p. 1037. Does gas
and electric-light business in V. 98, p. 611, 690, 763; V. 100, p. 308; V. 101, p. 288.
Negaunee and Ishpeming.
Franchises expire: Street railway, 1936;
gas and electric in Ishpeming,
perpetual; in Negaunee, gas, 1933; electric
JAMESTOWN, N. Y.
light, 1921.
STOCK AND BONDS- Date.
JAMESTOWN STREET RAILWAY.-Trolle
Interest.
Outstanding. Maturit
y.
Common $750,000 (8100)____
_Quer.
ORGAN
IZATION.-Incorporated Oct. 18 1883. Franchise runs
$750,000 In 1914,3
Pref 6% cum $250,000($100) ____
till 1982.
Monthly
125,000 In 1914,6 e
STOOK
First mtge $1.000,000 gold' 1910
AND
BONDate
6 J-J
ts
tstanding. Maturity.
Jan 119 0 Stock $250,000 (par $50)----------($1,000)
c*.ttf Int. at First Tr. & Say375,000
----$250,00
Bk., Chic., Trustee. First mortgage $300,000 gold),
0
1893 6 g J-J
Bonds.-First mtge. bonds are reserved under
300,000 Jan 2 1923
($1,000)
certain restrictions for
c* Int. at Guaranty Trust Co., N.Y.,Trustee
improve'ts and extens. at 85% of cost
.
thereof. Sinking fund of 1% of
bonds Current liabilities June 30 191
out from 1913 to 1915, incl., from 1916
132,250
1929, incl., 2% yearly. Red. at
EARNINGS.-For year ending June 30
105 and hit, on any int. day. V.91, p. to
1915,
1767.
gross,
$354,66
4;
net.
$77,801; other income,$17.804; taxes and charges, $110,97
EARNINGS.-For calendar year 1914,
7; def.,$15,372.
gross, $158,007; net, after taxes,
$63,782; charges, $21,779; surplus, $42,003
ROAD.-Owns 26.545 miles of track, 55 cars, sweeper
. In 1913. gross, $154,101; net,
2
s.
$53,172; charges, $20,536; surplus,
OFFICERS.-Pres., A. N. Broadhead; Sec.
$32,636.
& Treas., S. B. BroadROAD.-Operates 43 miles of track
in and between Negaunee and head; Gen. Mgr., G. Z. Maltby, all of Jamestown.
Ishpeming.
OFFICERS.-Pres., L. E. Myers;
CHAUTAUQUA TRACTION CO.-A trolley road.
V.-P., M. J. Insull; Gen. Mgr.
A. C. Harrington, Ishpeming;
P. Weston. 110 . ORGANIZATION.-Incorporated in New York on March 7 1903. Is
Monadnock Bldg., Chicago.-V.Sec. & Treas., W.
controlled by the same interests as the Jamesto
91, p. 1767; V. 94, IL 279, 351
.
wn Street By.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $500,000 ($100)
ITHACA, N. Y.
$500,000
First
mtge,
$600,000, gold' 1904
ITHACA TRACTION CORPORATIO
5 g A-0
600,000
1 1934
($1.000)
N.
c(Int. at Title Guar.& Tr. Co.. N.April
Y.,Trustee
ORGANIZATION.-Incorp. in N. Y.
Current
liabilitie
s
June
30
1915 _--584,680
Ithaca Street Ry.sold at foreclosure under Mar. 30 1914 as successor of the
Bonds.
-No
sinking fund and are not--------- to call.
bondholders'reorganization plan.
The new co. is controlled by the Central N.
EARNINGS.-For year ending June
Y. Southern RR. Corp., an allied steam road,by ownership:of all the ($400,0
30 1915, Bross, $180,276; net.
00) outstanding steel and all $61.128; taxes and charges, $82,608; deficit,
($488,000) outstanding 1st & ref. bonds.
$21,480.
The Central N. Y. Southern BR.
ROAD.-Operates 26.73 miles of track from Lakewoo
Corp. is a reorganization of the New York
Auburn
d, where connec&
Lansing RR. and is tion is made with the Jamestown St.
capitalized as follows: Common stock, auth..
By.,
to
Mayville, there connecting
$375,000. Prof. stock, auth. and outstanding, $1.275.000; outstanding with the Pennsylvania RR., and to Westfield. N.Y..
connect
$725.00
0;
and
1st
and
the
coll.
Lake Shore & Mich. So. and the N. Y. Chicago & St. ing there with
trust 5s due 1964. Auth. $4,000,000: out.. $1.000,0
Louis Ry. and
Ithaca Trac. Corp., it is stated, has asked the P.S.00. (V. 99, p. 538.) from Westfield to Barcelona-on-Lake Erie. Standar
d gauge; 80-lb. 1
Comm. for approva
:
rail.
of its first and ref. mtge. and for permissi
OFFICERS.-Pres., A. N. Broadhead; V.-P., Wm.Broadhe
on
to
issue
$2,000,
000
bonds
there- S. B. Broadhead;
under.
ad; Treas..
Sec., W. R. Reynolds; Mgr., Geo. E. Maltby;
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Capital stock, $1,000.000
*$400,000
iststeef M $2,000,000, g, red 1914
JERSEY CITY, N. J.
5 A-0
See text. Apr 1 1964
any lot date at par&intc*tf
Columbia Trust Co., N. Y., trustee.
PUBLIC SERVICE CORPO
Ithaca Street Railway 1st M 1892
N.
6 J-J
See statement and map underRATIO
175,000 July 1 1922
"Newark. N. J."
$175,000
tf
Int. at Farmers Loan & Tr Co., N. Y.
2nd M $75,000
tf_ 1894
6
J-J
75,000 July 1 1922
Cayuga Lake El Ry 1st M_tf 1894
6 J-D
25,000 Juno 1 1922
* All owned by the Central N. Y. Souther
JOHNSTOWN, PA.
n RR. Corp.
Bonds -Of the 1st & ref. mtge. 5s, $488,00
JOHNSTOWN TRACTION CO.-A trolley road.
0
are issued and are all owned
by the Cent. N. Y. So. Remaining bonds
ORGANIZATION.-Incorp.
mentg, including the retirement of the threeare reserved for future requirePennsylvania on Feb. 24 1910.
underlying prior lien as above. Incorporated originally to take a in
lease for 18 years from Jan. 5 1910 ofWas
ROAD.-Owns and operates 10.41 miles
the
of track. Rails, 80-lb "T.'! Johnstown Pass. Ry. from the American Rys. (Phila.). In Jan. 1914
Johnstown
OFFICERS.-Pres., R. B. Williams
By. and the Johnstown Trac. Co. wero merged under the
Jr., Ithaca, N. Y.; V.-P's., H. W. title of the Pass.
the
Fitz, Chas. E. Hotchkiss, H.A.
Johnsto
wn
Traction Co., the American Rys.Co.having sold
Clarke; Treas.,& Pur. Agt.,T.P. Clancy. interests. Franchis
its
V. 99, P. 538.
es perpetual.
Holders of the Johnstown collateral 5s of Amer. Rys.
had the privilege
(until Jan. 15 1914) of exchanging their
bonds for the new 1st & ref. 5s of
JACKSON, MISS.
this company (see American Railways under
"Philadelphia") practically
all availed of the privilege.
JACKSON LIGHT & TRACTION CO.
STOCK AND BONDS- Date.
Controlled by American Public Utilities Co.
Interest.
Outstanding. Maturity.
Common $1,000,000 par $50
ORGANIZATION.-Incorp. in
$
in May 1912 to combine local gas, Pf $1,000,000 7% cum ($100).
electric light and power and streetMiss.
1,000,000
railway properties. Has contract
First & ref M $5,000,000 s f 1913 5 g J-J
city electric lighting running to April
for
2,000,000 July 1 1943
1923.
Franchis
($500,
$1,000)
es
gold_
extend beyond
_c*ntf Logan
April 11922.
Co., Philadelphia, Trustee.
JohnsPassRy conlv1,8800.000 1899 Trust
4 g J-D
STOCK AND BONDS399,000 Dec 1 1929
Interest. Outstanding. Maturity. g($1,000)red any int day c*tf Int. at Guaranty Tr. Co.,
N. Y., Trustee.
Common $1,000,000 ($100)- Date.
Johns
Pass
By
ref
M
$2,000.- 1901
4 g J-D
$1,000,000
1,601,000 Dec 1 1931
Pref 6% cum $600,000_
000 gold ( 1,000)___c*ntf Interest
at
Johnsto
520,000
wn
Trust Co., Trustee.
First mtge $2,500,000 gold' 1912 5
Bonds.-Of the first & ref. mtge. $2,000,000 are
A-0
009,700 April 1 1922 town Pass. By.
reserved to retire Johns($100. $500. $1,000)sf_c*tffChicago Savings
4s; the remainder ($1,000,000) reserved for
Bank & Trust Co., Trustee. sions,
future extenBonds.-Remaining $1,549,200 bonds
&c. Red. at 102 and int. Sinking
are for impts., add'ns and extens.
fund of 1% annually from Oct.
under certain restrictions. Subject
1917
Oct.
to
1942,
incl.
Of
to
the
call
Johnsto
on any int. date on or after
wn Pass. mtge. of 1901, entire issue
April 1 1914 at 105 and int. Sinking fund of 2%
may
be
called
at
any time at 105 upon six weeks' notice.
of bonds out begins Feb. 1
1914. $41,100 retired. Int. in Chic, and at
EARNINGS.-For calendar year 1914 (Dec. est.),
N. Y. office of P. W. Brooks
& Co. See V. 94, p. 1566.
gross, $665,517; net
after taxes, $295,325; bond. int.. $180,00
EARNINGS.-For 12 mos. end. Apr.
0; surplus, $115,325.
30 1915. gross, $290,058; net
ROAD,&C.-Owns and operates under perpetua
l
charter
and franchise
the entire street railway system of Johnstown,
8I&
OAD.-Owns 14 miles of track. Standar
Pa., and vicinity. Total
d gauge. 18 passenger cars. trackage, 43 miles.
94, p. 1566; V. 98, p. 1244; V. 101, p. 773
OFFICERS.-Pres., E. M.duPont.-V.
90, p. 698, 849; V. 92, p. 187;
V. 97, p. 1823; V. 98, p. 155.
JACKSON, TENN.
JACKSON RAILWAY & LIGHT CO.
ORGANIZATION.-lncorporated in Tenness
JOLIET, ILL.
ee in July 1906, and is successor to the Jackson & Suburban Street
Railroad Co. Franchise expires
JOLIET & EASTERN TRACTION CO.
in 1937. Also owns a park of 15 acres.
Does lighting and power business
in addition to street railway.
ORGANIZATION.-This company, incorp. in 1914
in Illinois, represents the reorganized portion of the Joliet & Souther
STOCK AND BONDS- Date.
n Trac. Co.
just
Interest. Outstanding. Maturity. below), operating between
Joliet and Chicago Heights. This (see
Common $600,000 ($100)property
was
appraise
$450,00
d by the Ill. P. U. Comm.,
0
Preferred 6% cum
auth. stock to be issued to
the amount of $269,000 and additional which
100,000
First mtge $600,000 ($1,000)1 1906
$31,000
cash received. The
J-J
494,000 Jan 1 1937 company is capitalized for $300,000 (stock). Nofor
No s f. Redeem at 105_ _c Columbi 5g
bonds.
Trust Co., Louisville, Trustee
.
Stock and Bonds.-$150,000 com. anda $6,000
STOOKDate.
Interest. Outstanding. Maturity.
bonds are held in treasury. Stock $300,00
0
$300,000



56

ELECTRIC RAILWAYS

101.

City Electric Light Co. (Plan in V.
way of Kansas City and the Kansas
Metropolitan Street Railway stock, the Kansas City
76,is. 1143.) Throughacquired
the stock of the Central Electric Railway
Railway & Light Co.
of the Kansas City Elevated Railway
Co. and practically all of the stock
the Kansas City Electric Light Co. it
of
Co., and, through the stock
Electric Light & Power Co. (of Kansas
acquired the stock of the EdisonLight
& Power Co., the Standard Electric
City), the Consolidated Electric
Subway Company—except,
R Y.
Co. and the Kansas City Electrical Wire
AURORA PLAINFIEI.D & JOLIET
tion shares held by directors.
Traction, extending Light
n
qualifica
the
Souther
instance
&
Joliet
each
former
in
the
of
course,
of
division
This is the
d by
purchase
ting
and power business in cities
Joliet,
electric-ligh
in
railway,
track
of
miles
2
street
Controls all the
from Joliet to Aurora, 20 miles, and
sale in Feb. 1914. It is being of Kansas City, Mo., and Kansas City, Kan.
the bondholders' committee at foreclosure
& Westport Belt By. (a steam
of the old
City
division
Kansas
the
the
For
ers.
of
bondhold
stock
the
entire
of
Owns
operated for the benefit
to Chicago Heights. road, since converted to electricity), which on June 16 1906 absorbed the
Joliet & Southern Trac. Co., extending from Joliet
both having perpetual charters and being orinterurban South Side Ry.,
see Joliet & Eastern Trac. Co. above.
Law of Missouri; also acquired capital
ganized under the General Railroad
road.
trolley
Co., having a franchise which expires in
Heating
RY.—A
ELEC.
stock of the Kansas City
BLOOMINGTON PONTIAC & JOLIET
been paid.
steam in the business centre of the city.
es
never
has
distribut
bonds
e
last
mortgag
This
first
on
t
1935.
—Interes
Default.
new franchise ordinance passed by
right of way except
New Franchise Ordinance &c.—The on June 8 1914 and by the Lower
ORGANIZATION.—Incorporated in 1903. Private
the Upper House of the City Council
in cities, where franchises run 50 years.
a vote of 22,398 to 15,610 at the election
by
carried
.
was
Maturity
10
ing.
June
on
Outstand
House
Interest.
merger of the allied railways free of all
STOCK AND BONDS— Date.
$95,500
on July 7 1914. It provides for the
By., Central Elec. By., Kansas City EleStock $2,500,000 ($100)301,100 Sept 1 1935 existing liens, including Met. St.Westpor
5 g M-S
t Belt By., and fixes the capital
&
City
First mortgage $2,500,000 gl 1905
Kansas
Trustee.
Chic.,
Bk.,
and
&
Say.
Ry.
Tr.
vated
at Amer.
at $25,648,806, plus capital additions
($100,$500 and 31,000).__ _ fInt.
A. Munroe; Sec.- value of the property in Missouri
Chas.
-P.,
V.
Baker;
J.
Frank
es.,
properties as of Juno 30 1915,
on
RS.—Pr
placed
OFFICE
Adams St., Chicago, Ill. Office at after May 1 1913. (Valuation
to be provided for forthwith under reorganiTreas., John H. Gulick, all of 72 W. p.
incl., $1,000,000 new money
235; V. 96, p. 651.
reorganized company will be
the
85, p. 1004; V. 90,
basis
this
Pontiac,
On
zation plan, $33,412,026.)
amount it is to be allowed to earn 6% cumulacapitalized, and on this
tho application of $6,300,000 of
after
,
earnings
of
balance
tive, any
KANSAS CITY, MO.
s and extensions, to be credited two-thirds
surplus earnings to addition
d to the company. Fares (unless reduced at exto the city and one-thir
KANSAS CITY RAILWAYS.
5
1914
July
income) are fixed at 5 cents for adults and
in
Missouri
surplus
incorp.
was
of
company
share
pense of city's
ORGANIZATION.—This
to
itan St. Ry., Central Electric Ry., 23i cents for children between 8 and 12. The city will have the right
to acquire the properties of the Metropol
t Belt Ry.in accord- purchase the property in Missouri at or before the end of the 30-yr. period
Westpor
&
City
Kansas
and
Ry.
Elevated
City
Kansas
s. Operation
nt
addition
C.
and
subseque
K.
n
under
detail
valuatio
in
given
d
e
aforesai
ordinanc
e
on the basis of
ance with the terms of the franchis
the supervision of a board of control, con7 1915 to accept of
the properties to be under Railway
By. & Light Co. below. The company has until Nov.
s Co. and Robert J. Woods for the
siiting of P. J. Kealy for the
the terms of said franchise.
Henry,
F.
Ford
the 11 directors. See franchise ordinance
of
-P.,
5
V.
e
Ill.;
,
nominat
also to
City
city.
OFFICERS.—Pres., R.J. Dunham,Chicago
e
P. 119.
the
franchis
99,
V.
digest of
and also
detail in V. 99, p. 196,
Kansas City; Sec. & 'Treas.,. E. E. Ball. See
e of the Kansas City Electric Light
and in V. 90. p. 119, 196; in Electric
Light Franchise.—The franchis
ordinance under Kansas City Ry. & Light Co.
d as of Juno 30 1915 at
appraise
es,
properti
light
Co. is perpetual. The by the P. S. Comm. to have a depreciated value
also V. 99, p. 816.
269, 1597, 1673, 1832; $9,183,4
64, are reported
INDEX.—V. 98, p. 1845; V. 99, p. 119. 196,
of $5,812,534.
V. 100, p. 55.812.
Judge W. 0. Hook appointed
Receivership.—On June 3 1911 Federal
and
0. By. & Lt. board of directors) of Chic.
LIGHT CO.
Robt. J. Dunham (Ch. of IC.City
KANSAS CITY RAILWAY &
for the Metropolitan St. Ry.,
on
receivers
Hook
0.
William
to
Judge
ed
Kansas
submitt
of
plan
s
Reorganization Plan.—The requirements of the franchise ordinance and Ford F. Harvey
Receiver
p.
1564).
(V.92,
By.
Elev.
City
Elec. Ry. and Kansas of bankers to conserve the property until
Feb. 26 1915 did not meet the
n prepared a plan which has Central
instance
were appointed at therelations
be effected. In 1914
was rejected by him. He himself thereupo
could
city
ve
the
comprotecti
several
with
the
by
and
ler
satisfactory franchise
Elec. Lt.
been approved by the City Comptrol
to cover also the Kansas City (Mo.)
participate, were requested to demittees. Security holders, in order to1 1915. The plan provides for the control of Court was extended
Co., Kan. City, Kan. Protective commitCo. and the Standard Elec. Lt.
bonds,
and
Metro.
City
posit their securities on or before Oct.
Kansas
of
railstreet
the
and
deposits
Co.
Light
for
Elec.
calling
City
tees have been formed
absolute segregation of the Kansasof
to foreclose the Met. St.
the following securities:
On June 14 1912 suit was brought
way properties and the issuance s Co.
V. 95, p. 1207. The Court
a V. 92, p. 1565.
(or
1627,•
Co.
Light
Elec.
C.
p.
K.
94,
and
V.
e.
mortgag
Railway
By. consolidated
Capital Stock.—K. C.
Co. of Boston, as trustee under
have an auth. and paid-up capital as shall be granted permission to the Old Colony Trust
Trust Co., as trustee
successor company) shall each
,may, if found legal, hold such of its the consolidated mtge. of 1899, and the New York
lawfully permitted. Either company
ref. M.of 1903, to go ahead
lien
a
Kansas
1st
of
bonds
Co.
and
Lt.
stock
of
&
form
By.
the
City
in
the Kansas
under
ions. In view of
property as may be in Kansas
negotiat
e
franchis
are:
is
it
stated,
,
the
authorized amounts
with the foreclosure suits pending
with Conticorporation. (The contemplated $10,000,
000; present issues not yet de- foreclosure proceedings, a stockholders' committee was formed
ry. V.95. p. 176,
deposita
Railway, $25,000,000, and Light,
,
Chicago
to
tes
certifica
Bank
deferred
special
Say.
of
&
Tr.
amount
ial
Commerc
&
nental
ers' protecnotehold
termined, being dependent on the
A
297.
total
p.
of
the
95,
in"!.
limit
the
circular
Is to be
236. See that committee's
be issued as against the agreed valuation, which
G. Bennett, 24 Broad St., N.Y., See.,
of the P. S. Commissions of tive
committee was also formed (L.
capitalization, and also upon the approval
Trust Co., Boston, agent
Colony
Old
od,
is
ry;
it
understo
will,
ders
deposita
sharehol
Co.,
Co.
Trust
Mo. and Kan. K. C. Ry.& Light Co.shares and 1-3 in Light Co.shares.) and New Yorkcalling
By.& Lt.(I% notes. The
for deposit of Kansas Cityone
of depositary)
receive 2-3 of their allotment in Rys.
year from Aug. 15 1915
K. C. Rys. Co. (1) Three-Year 53,6% committee has extended for a further period of
Bonds, Notes, &c. to be sisued by
the agreement of Aug.15
under
notes
Metr.
said
00
of
take
rs
$7,242,0
up
to
deposito
issued
be
to
Notes.—Limited to $:7,922.000, all$250,000 East Side 1st 5s, and notes due the time within which either to receive new securities or cash, pursuant to
consols, $55,000 Corrigan 1st 5s,Date July 1 1915, due July 1 1918, int. 1912 will be entitled
zation, or to the return of the deposited notes.
a sale or plan of reorgani420,
Kansas City banks, $375,000.
752. Int. on these notes was paid Sept. 1
1st M. bonds.
V.95, p.
288;
p.
101.
V.
J. & J. Secured by $8,714,200 (110%)
on
Red.
since then has been paid at the rate of 7%
1 1915, due July 7 1944.
1912. V. 95, p. 618. Interest
(2) First Mtge. Bonds.—Dated July
1 1915. Up to September 15 1915 the
5%
As
(1)
as
follows:
Mar.
Issuable
incl.
J.
&
J.
and
Int.
to
int.
per annum up
any int. date at 103 and
Apr. 30 1914
notes; (b) $10,150,200 in exchange September 1 interest had not been paid. Judge Hook on
bonds (a) $8,714,200 to secure 3-year
00 for Elevated
(notwithstanding the protest of the city) on
$1,510.2
and
t
Westpor
receivers
for
0
the
$500,00
ed
(incl.
authoriz
bonds
for old
1% per annum additional
pay
to
as
al
trustee,
amount
such
e
addition
(c)
);
mortgag
optional
is
the
bonds, the exchange of which purposes of plan; and (d) bonds from time application by
5s of 1895 from Nov. 11913. (2) Central
Interest on the (1) Met. St. By.
on
needed to raise cash required for
d Westport and Elevated bonds not Elec. By. 53 of 1899. (3) From Nov. 15 1913 on the St. Ry.'s proportiOn
to time to take up any of the aforesai
Co. 1st ref. bonds. V. 98, p. 1460.
to
exceed
not
Lt.
of
issue,
time
at
&
fixed
Ry.
be
to
assenting to plan. (2) With int. $1,000 of bonds for each $1,000 expended, of the 5% Kan.Cy.
pay
to
receivers
auth.
Court
S.
Circuit
U.
the
15 1911 Judge Hook inMetrop. St. By. maturing in 1911 to the amount
6%,for capital expenditures only,
d in cash or out of surplus income June
prin.& int. of obligations of
with an additional $100 to be expende
,provided it would not unduly hamper
each $1,000 of bonds so issued.
from earnings ofcompany
$984,640
of
credited to city for like purpose forJuly
at
Red.
1 1915, due July 7 1944.
See V.92, p. 1701.
operation of road.Ry.—Dep
(3) Second Mtge. Bonds.—Dated
d—Interest Payment, &c.—A comnet
Requeste
from
annually
0
osits
of
$105,82
fund
sinking
A
J.
&
J.
Electric
Central
1st mtge. da
103 and int. Int.
s, beginning Jan. 1 1916, is expec- mittee (see V.98, p. 838) requested deposits of the $2,000.000for
earnings otherwise available for dividend
the paycommittee arranged
The
A
Ser.
to $5,291,000 ($4,291,000
1 1914. V. 93, is. 838.
ted to retire issue by maturity. Limited
1914. V. 98, is. 1315, 1316); also for
shown due Maythe
as
s
1
old
for
securitie
May
ed
exchang
due
be
to
interest
5%)
B
Ser.
ment of
on
was
6% and $1,000,000
granted
Permissi
1213).
is.
99,
(V.
1914.
payment due Nov. 1 Court on April 27 1914 to increase the interest
below.
abte at par in exchange for all ap- loy
the U. S. District
(4) Special Deferred Securities.—Issu
ions with the city. V. 98, p. 1392.
no
negotiat
which
for
the
stock,
to
pending
superior
but
bonds
6%,
old
to
rate from 5% to
proved claims inferior
in the U. S.
Dated July 1 1915, due July 7 1944, but. On May 2 1914 the Equitable Trust Co. of N. Y. filed a suitBy.
other provision is made in plan.
mtge. of
foreclose the Central Elec.
ve, payable only out of net earnings
District Court at Kansas City to
callable at par. Bear 6% int., cumulati
of
owners
against
as
be,
shall
status
,
but
1460.
1899. V. 98, p. ates.—Judge Hook in the U. S. District Court on May 7
Not a lien on physical property that of a preferred stock.
Receivers' CertifIc
the stock, substantially similar toLt. Co. (or a Successor Co.)(1) First Mtge
' certificates for improveauthorized the issue of $592,500 receivers
Bonds to be Issued by K. C. Elec.
Red. at 103 and int. Present 1915
100, p. 1672.
V.
See
ments.
Bonds.—Dated July 11915,due July 7 1944.J. &
itan St. By. and
the
Metropol
may
on
J. Additional bonds
Default.—Interest due May 1 1915
issue, $3,060,000, to bear 5% int., payable
of issue, not to exceed 6%. Central Electric By. bonds was defaulted, Mayor Jost declining to authorize
be issued, with int., to be determined at timeon
the
by
Mayor and by
ts
See
statemen
s.
basis.
fixed
payment
a
further interest
for extensions, additions and improvements,
1592, and also V. 100, p. 1672. Interest due May
due July 7 1944. Red. at any
Judge Hook in V. 100, p.
(2) Second Mtge. Bonds.—Dated July 1 1915,
5s was also deferred.
lion
ref.
1st
earnings
Co.
net
Lt.
&
from
By.
annum
City
per
Kansas
$38,346
of
fund
par and int. A sinking
to retire 15 1915 on the
ce with the plan of reorganization, all bondotherwise available for divs., beginning Jan. 1 1916, is expected
V. 100, p. 1752. In accordan shall receive interest at the rates lass paid
issue by maturity. Limited to $1,917,300. to $3,500,000—shall be met holders who participate therein
bonds of the new company, except that the
the
of
0
date
,000,00
of
the
the
plan—$3
Cash Requirements
July 1 1915,
itan consols. shall receive an additional
taken 1st M. bonds at par and to
Ry.& Lt. Co.5s and Metropolto
by the stockholders taking or causing to behas
said date, and from May 1 1913 to
been underwritten). K.C.
1913
already
15
May
amount
t
from
a
of
sufficien
purchase
annum
(The
int.
1% per
as
follows:
be
vely.
shall
s
respecti
new
securitie
Nov. 1 1913,
The exchange of old for
.
Ry.Notes
New
OutInterest. Outstanding. Maturity'
(1) Exchangeablefor 3-Yr. 5 % Notes—
STOCK AND BONDS— Datft
standing. %
$9,543,080
$12,500,000($100)
2,000
Common
100-7,24
00
-7,242,0
_
_
1
1913_
May
due
000
Met. St. Ry. Consols of 1895.
1 1916 55,000-100-- 55,000 Pref 5% n-c $12,500,
9,407,500 Mar '11 1M
Q-M
5
Corrigan Cons.St.Ry.Ist 5s of 1886,due July
($100)
_ _ 250,000 100- 250,000
592,500
East Side EI.Ry.Ist 5s of 1901,due July 1 1911_
stk.) 375,000 100- 375,000 Receivers' certificates
5 10,200,000 May 15 1913
M-N1
g
5
1903
{
Loans from K.C.banks(sec.by Westport BeltNew
$20,000.
M
Co.
refund
Light
lien
1st
Ry. Light Co.
N. Y., and Henry 0.
New Ry.
Trust
Amount
York
New
(2) Exchangeable
c*&r
000 gold
s agcy,
'00s
2d M.Bds.lst M.5s. 2d M. 6s.
o:0
78
e N. Y.
Co.,at4C
aene
Flower, Trus. Int.5.
for Bonds— Outstanding.1st M.53.
text
$500 coo
6500,09
7 M-S
Westport
Notes, $5,500,000 ($1,000) — 1907
160%
Liens.
ng
Per cent
Underlyi
00
$3,060,0
0
7,140,00
55 000 July 1 1916
5 g J-J
K.C. Ry.& Lt.5s.._10,200,000
1886
30%
Corrigan Con Street By 1st jlnt.
70%
at Central Trust Co. li. Y., Trustee.
Per cent
$1,917,300
000) g, red at 110._
M
($1
00
$3,560.7
0
0 May 1 1913
5,478,00
g
M-N
6s...
&
Lt.
Ry.
7,242,00
5
C.
K.
35% Metropolitan Street By con 1895
a65%
Per cent
Int. at Old Colony Trust, Trustee, Boston.
0
mortgage gold ($1,000)(see Interest
also payable in New York.
Central Electric_ __ _ 2,000,000 1,000,000 1,000,00
c*&r
text)
5 g M-N
2,000,000 May 1 1914
Per centb50%
1899
Central Elec By 1st mortgage Interest
600,000 x660.000
at Equitable Trust Co., New York,
Elevated 6s
$2,500,000 ($1,000) gold
110%
Per cent
Trustee.
c*
guar
2,000,000 x850,200 x730.300
250,000 See text
5 g J-J
Elevated 4s
1901
East Side Electric By 1st Int.
42.51% c36.515%
Per cent
at Trust Co. of Am., N. Y. Trustee.
M $250,000 gold ($1,000) Wm.
City is also Trustee.
of
Kansas
Huttig
c*
0 3,060,000 1,917,300
not guar
20,778,000 10.150,200 5,291,00
Total
Controlled Companies.
1 1915 and bondholders will, in
Note.—Int. will be adjusted as of July
last
rates
at
in cash int. to said date
Kansas City Elevated By 1st)
addition to the new securities, receive
600,000 July 1 1922
5s shall receive an additional
M pref (4;600,000) g ($1.-} 1892 6 g J-J
paid. Metrop. consols and K.C. Ry.& Light from May 15 1913 to July 1
c*
000) guar p & I
1% per annum from May 1 to Nov. 1 1913 and
000,000 July 1 1922
,
2
J-J
g
4
mtge gen'l ($2,000,000) 1892
1915, respectively.
Ser. A 6s. x Approxi- 2dgold ($1,000) guar is & i_c* Interest at Manhattan Trust Co. New York.
a 65% Ser. A 6s. b 50% Ser. B. 53. c 36.515%
1 1926
July50,
J-J
g
5
1906
Kan C & Westp 1st M $500,mate.
bonds is optional. As these
jlnterest at N. Y. Trust Co., N. Y., Trustee.
000 g guar ($1,000)
The exchange of Westport and Elevatedtheir
g
property
the
on
Light
&
remainin
By.
City
to
Kansas
d
the
consente
of
e
has
issues are not due the city
Bonds.—Of the $20,000,000 mortgag
(see under 1st M. bonds above).
ng lions. These bonds are both
and provision therefor is made in the plan See
Co., $9,800,000 were reserved for underlyi
of $1,000
also V. 101, p. 689.
tion
in
denomina
being
bonds
coupon
the
For further details see V. 101, p. 614.
d,
a plan for the distribution of coupon and registere
denominations of $1,000, $10,000 and $50,000.
The stockholders' committee is preparing separati
on of the railway and and the registered bonds in at
105 and int. on any int. date. The Metroequities among the stockholders and for the
Under the plan in The bonds are redeemable
plan.
above
the
with
ce
accordan
in
Elec. Lt. Co.and the Cent. Elec. By.in May
es
City
properti
light
By.,the Kan.
St.
politan
no
and
ders
stockhol
the
against
deposited as
made
be
to
notes aggregating $10,500000, which were e;
preparation, no assessment is
the share
the 1st & ref. bonds mentioned 1903 made mtge.the
City
By. & Light Co. mortgag
Kansas
stockholder will be obligated to take any of
under
l
collatera
25 1915.
Sept.
for
cle"
opolitan
"Chroni
thelMetr
and
Co.
See
Light
so.
to
do
Elec.
desire
City
may
he
above unless
acquired of the Kansas
1903 in New Jersey and acquired capitalBy.
d.
deposite
so
ORGANIZATION.—Incorporated inof
also
were
Street
RailStre
itan
the Metropol
the entire outstanding capital stock

extending from Joliet to
ROAD.—Total length of all track, 25 miles,
gauge.
Chicago Heights. 60-lb. T rail; standard
Robt. T. Kelly, Joliet;
-P.,
V.
Chic.;
Morton,
Joy
es.,
OFFICERS.—Pr
, Chic.; Gen. Mgr.,
Sec., E. H. Stearns, Chic.; Treas., Daniel Peterkin
F. 0. Eckmann. V. 99, p. 1832.




et1111

SEPT., 19 .

ELECTRIC RAILWAYS

57

The 6% notes of 1907 were due Sept. 1 1912 but were extende
d,at 7%.
They consist of $4,125,000 series "A and
KENNETT, PA.
$1,375,000 series "B. They
are redeemable on eight weeks' notice on any
int. date at 100 and accrued
WEST CHESTER KENNETT & WILMINGTON ELECT
interest. They are secured by pledge of $5,721,
RIC RV.
.
043 notes of MetroBonds.—Default having occurred Dec. 1 1910 on 1st M.
politan St. Ry., $1,008,795 notes of Kan. City Elec.
bonds, all the
Co. and $2,- holders assented to plan of manage
695,000 corn. and 32,977900 pref. stock of the Kan. CityLight
ment
providin
that
g
coupons
Ry.
due
&
Dec.
Lt.
1
Co.,and and June 1910 be canceled and coupons
such securities of subsidiary companies as are pledged
to June 1 1915 stamped payable
under the indenture at rate of14%.
of May 15 1903 securing the 1st lien ref. gold bonds. The
series"A" notes
ORGANIZATION.—Incorporated in Pennsylvania
are convertible at option of holder
into
shares
6
€4,
on
corn.
of
May
24 1905,
pref. stock; V. 85, p. 284, 469; V. 86, p. 285. $22,000and 7 shares of and is a reorganization of a company of the same name sold under foreclos
of Series "A" in April 1905. On Feb. 26
ure
notes are in treasury.
absorbed the formerly controlled Oxford
West Grove & Avondale St.1908
Metropol.consol. mtge.,originally for $8,500,000,fell due May 1
By.,
which
was
to
build
the
extension from
1910 but Avondale to Oxford. See V. 86,
was extended for 3 years to May 1 1913 and new bonds
p. 670.
offered in exch. for
STOCK AND
old bonds. See V. 90, p. 1045. Mtge. is closed and limited
— Date.
Interest. Outstanding, Maturity.
to $7,500,000. Common $925,00BONDS
Remaining bonds are reserved to retire Corrigan Con. St.
$525,000
By. bonds. Prof ($75,000) 6%0 non-cum
V. 90, p. 1044, 1363. Not subject to call.
75,000
First
mtge
The bonds of the K. C. & Westport By. are guar. prin. and
$1,000,000 gold' 1905 5 g J-D
420,000 June 1 1935
int. by the
($500 and 31,000)____c tff Int.
Kansas City Ry. & Light Co.. and are
Integ.
at
T.I.Tr.
& S.D. Co.,Phila., Tr.
subject to call on any interest date
EARNINGS.—For year ending Dec. 31 1914, gross,
at 105 and int. on 90 days' notice.
$65,731; net, after
taxes. $19,215.
The East Side Elec. By. mtge. originally fell due on July 1 1911, but
was
ROAD.—About 20 miles of track between West
extended indefinitely.
Grove, Avondale, Kennett
Square
and
Wilming
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed, principa The
ton,
ing at Kennett for West Chester.
l
extensio from Avondale toconnect
and interest, by endorsement by the Metropo
Oxford,
miles, has been completed as
litan Street By.; so are the far as West nGrove
and is in operation to1234
2d M. general 4s. The guarant
that point. Gauge, 5 ft. 2)
y
latter
on
the
was
,
I in.
3%,
per
annum
until
60
and
70
-lb.
T
and
July 1895 and since then 4%. For form of guaranty,see
girder rail.
V.
73,
p.
1160.
OFFICERS.—Pres.. Geo.
Dividends.—First div.. 13,4% on pref. stock, was paid on June
Phila.; V.-P., Clarence L. Harper,
1 1904 Phila.; See. and Treas., PhilipKessler,
and 13'% quer. thereafter up
E. Guckes, Phila.; Gen. Mgr., H. Baluss,
to and incl. Mar. 1 1911. None since.
Kennett Square,Pa.—V.91. p.1575,
1631, 1712; V.94, p.831; V.95, p. 177.
REPORT.—For last report published (year
May 31 1912). see
"Electric Railway Section" for Jau. 1915. Grossend.
earnings
street
of
railway
properties for year end. May 31 1915, $6,805,163; 1913-14
KEOK1JK, IA.
1912-13, $6,766,189; Lighting properties, 1914-15. $2,513,4, $6,974,815;
CENTRAL MISSISSIPPI VALLE
24; 1913-14,
$2,408,736; 1912-13, 82,156.952. See V. 101,
Y ELECTRIC PROPERTIES—
p. 689.
ORGANIZATION.—Formed
in Illinois by a trust agreeme
ROAD.—Comprises 138.64 Miles of roads and 265.9 miles
nt dated
Dec. 12 1913, under which there are
of track.— stock
deposited with trustees all the common
V. 96, p. 553.653,789, 1021.1297, 1423;
of
the
Keokuk
Electric
V. 97.p.49, 175,443. 594; V.98,
Co. (see below) and all the capital stocks
p. 236,690,839. 1316, 1392, 1459, 1845; V.
Fort Madison Bloc. Co. and Dallas
of
99,
119.
p.
City
342,
609,
816,
Light
1366,
Co.
These companies do
1832; V. 100, p. 556, 733,
the electric railway, electric
, power and gas business in Keokuk
288, 370, 614, 689, 773. 982, 1257, 1510, 1592, 1752, 2167; V. 101, P. Ia., the electric lighting andlighting
.
power
in Fort Madison, Ia., and
Dallas City, Ill., the electric railwaybusiness
and lighting business in Hamilto
n
and Warsaw, Ill.. and o_p_erates an interbu
rban electric railway between
Keokuk, Hamilton and Warsaw. The stock
KANSAS CITY CLAY COUNTY & ST. JOSEP RAILW
was offered in Dec. 1913 in
H
AY CO.
blocks of 10 shares pref. (par $100) and
Receivership.—I. D. Hook and J. G. L. Harvey were on July
shares corn. for $90.
Franchises.—The electric railway and3elec.
14 1915 appointed receivers by Judge Bird on
lighting
franchises in Keokuk
applicat
ion
Intersta
by
the
te
expire
By.
Co.,
in
1936, the gas franchise in. 1928. The electric
which on July 5 1915 was awarded a verdict for$1,500,
lighting
against the com- in Hamilton expires in 1936; the
e
pany and the estate of George Townsend by a jury in000
important railway franchise franchis
the
in 1931.
Circuit
The
Court.
electric
lighting
franchis
es
in Fort Madison and Dallas City
In the suit brought by the Inter-State Co. It was alleged that the defend- In
expire
1938.
ant company had built its line between Kansas City and St. Joseph on
STOOK (No Bonds)—
Date.
a part of the right-of-way obtained by the plaintiff (V. 100,
Interest. Outstanding. Dividends.
p. 130, 288). Corn 7.500 shares (no par vat)
The company has appealed from the verdict.
7.500 shares
Pref(6% cum) 8750.000 ($100)____
6
ORGANIZATION.—Incorp.in Missouri in 1911 under
$750,000 Sept.'15,134
Preferred Stock.—Redeemable at 110. Q-M
a 200-year charter. In Jan. 1913 the line from Kansas City to Excelsior Springs,
EARNI
NGS.—
For
cal. year 1914 (combined companies), gross,
Mo., was
opened, and on May 5 1913 opened for operation its line
$296,•
023; not, after
$99,672; interest, 316,997; sink.
City and St. Joseph, 52A miles. V. 96, p. 1423. Also between Kansas (Keokuk El.),taxes,
$7.000; pref. div6%. 815,000; pref. divs. (C. Miss. fd.,
V. El. Prop.), 6%.
In Dec. 1914 terminal service was begun the Kansas handles freight.
City Union station $45,000; surplus. 315.676.
for the Quincy Omaha & Kansas City RR.to
Dividends.—An initial dividend of 134% was paid
(0. B. & Q. system). See deon the pref. stock
tails in V. 99, p. 1910..
in March 1914; same rate quar. since
to and incl. Sept, 1915.
Commutation Rates Ordered.—The
OFFICERS.—Pres., Geo. Htgginson Jr.;
i P.S. Comm. on Dec.7 1914
Cha.s. F. Wallace and
issued an order requiring the companMissour
y to issue commutation tickets begin- B. Alcott Pratt; Sec., Joseph L. Valentine,V.-Ps.,
Chicago
, Ill.;
ning Jan. 1 1915 between Kansas City and Liberty, 14.4
H. B.
miles, on the Excel- Sawyer; Asst. Sec . Alvah K. Todd; Gen. Mgrs., Stone & Treas.,
sior Springs Division, and to a distance
Webster Mgt.
of about 10 miles on the St. Joseph Assn.
Division. On Dec. 29 1914, however, Judge
ROAD.—
Miles
Van
of
Valkenb
track,
urgh
14.04
in
(incl.
the
trackage). Cars, 22.—V. 98. p.
U. S.
District Court granted a tempora order preventing the
Commission from 72, 610.
putting the new rates In effect onry
Jan. 11915. V. 100, p. 140.
(1) Keokuk Electric Co.
STOCK AND BONDS— Date.
ORGANIZATION.—Incorp. in Ill. on Dec. 5 1911
Interest. Outstanding. Maturity.
as successor to the
Stock corn $10,000,000($100)000 2% in 1914 Keokuk Elec. Ry. & Pow. Co.; Keokuk Gas & Elec. Co.; Hamilto
1st mtge $10,000,000 411 1911 5g M-S $4,000,
n Lt.
& Power Co. and Keokuk dc Western Elec. Co..
3,135,0
00
Sept
1
1941
control of which was
000 gold s f red at 105 after Equitable Tr. Co., N.Y., and
purchas
ed
in
1911
by
Stone
& Webster Mgt. Assn. Does the electric railJ. F. DownSept. 1 1915
esti' ing, Kau. City, Trus. Int. payable
way.
electric
lighting, power and gas business in Keokuk. Ia.;
N. Y.
Bonds.—Of the escrow bonds,$365,00 may be issued for
the electric
80% of the cost railway and electric lighting business in Hamilton and Warsaw
of permanent additions and extensions 0to
, Ill., and
the property. The remaini
ng Warsaw an interurban electric railway between Keokuk, Hamilton
$6,500,000 can only be issued for 80% of the
d
of permanent additions
and extensions, provided that the net earningscost
STOOK
AND
after
BONDS
all
operatin
—
g
Date.
expense
Interest.
s Common $650,00
Outstanding. Maturity.
(Incl. taxes, insur., deprec'n, &c.) for the preceding
0
($100)_
12
___
Q-F
$615,000 Aug
been equal to at least 1 2-3 times the annual interest months shall have Pref $250,000 ($100)6% cum_
'
15,1X
charges on all bond
____
Q-F
outstanding, together with those propose
250.000 See text
be issued. Sinking fund of Keokuk El By & Pow 1st M 1901
5%
180.000 See text
% of bonds certified, beginning Sept.d1to
(closed mtge)
1917.
ntf Cent.
Keokuk Gas Lt & Coke 1st M 1898 Trust Co.and H.E.Ambler, Trustees.
EARNINGS.—For year ending Dec. 31 1914,
5%_
150,000
(closed mtge)
gross, $626,643; net, after
tf Union Trust Co., St. Louis, Trustee. 1918
taxes, $287,853; interest, $155,044; diva.
(23i
Ham
Light
$115,00
%)
&
,
0;
Power
sur.,
1st M 1902
$17,809.
Dividends.—In 1914,234% paid; 10.5, June,
6%
19
22
closed mtge)
134%.
ntf Cont.
Comm. Tr. & Stv
5.Bk.,
00
Trustee.
Stock.—Common stock is al owned &
ROAD —Operates 52.55 miles between Kansas City
by Cent. Miss. Vali. Elec. Properties.
and
St.
Joseph
Prof.
stock
is
red.
at 110.
Mo., and 28.24 miles between Kansas City and Excelsio
r Springs, Mo.
Bonds.—The Keokuk Elec. Ry. & Power first
total 77.61 miles. 70 and 80-lb. T-rail;
mtge.
5s are due serially
standard gauge. Passenger 1014 to 1925. Red, any int. day
equipment, 20 cars, 5 exp. motor casr, 5 express
105 arid int. $70,000 canceled.
trailers, 11 other cars and
Dividends.—DIvs. on pref. have at
1 American electric ditcher.
been paid since organization. Initial
div.oncom.-2%—paid in Feb.
1914;
May.
12
4
%; Aug..2% (V.99,p.467):
OFFICERS.—Pres.. Phillio L.
2%. In 1915, Feb.,
May, 134%; Aug.,
all, Bootee], Mass.; V.-P., Thos. Nov.,
A. Reynolds, N. Y.; Sec.,!. D. Saltonst
ROAD.—See Cent. Miss.134%;
Vail. El. Properties above.134%.
Treas., H. F. Mayer; Asst. Treas.,
W. S. Tuley; Gen. Mgr., J. R.Hook:
OFFIOE
RS.—Pr
es..
Harry
T.
Harriga
Edgar;
n,
Kansas
V.
-Ps.,
City, Mo.:—V. 96, P. Guy L. Weymou
Higginson, Jr., and
1423; V. 97, p. 1286; V. 98, p. 523, 1157; V.
th; Sec., Alvah K. Todd; Treas.,Geo.
99, p. 196, 816, 1910; V. 100,
Henry B. Sawyer; Gen.
Mgrs., Stone & Webster Mgt.
P. 140; V. 101, p. 130, 288.
V. 98, p. 73; V. 99, p. 467. Assn.—V. 93, p. 1725; V. 97, p. 1583. 1898;
KANSAS CITY-WESTERN RAILWAY.—A trolley
road.
Formerly the Kansas-City-Leavenworth Railroad and
KEWANEE, ILL.
name changed to
Kansas City-Western By. Has long-tim
e franchises in territory served.
GALESBURG & KEWANEE ELECTRIC RY.
STOCK AND BONDS— Date.
ORGANIZATION.—Incorporated
Interest. Outstanding. Maturity'
Stock $2,000,000 ($100)
the Galesburg & Oneida Elec. Ry. Co.May 1902. Is a reorganization of
32,000,000
Tat ref mtge $5,000,000 gold{ 1905 5 g M-S
STOCK AND BONDS— Date.
0 Sept 1 1925
Interest. Outstanding. Maturity.
(coup $1,000, r 31,000. Interest at Guaranty 1,650,00
Trust Co, New York, Common 3200.000 ($100)_
$200.000
/5,000, $10,000)
tt
Trustee.
Pref $400,000 ($100)6% cum
110,800
Stock and Bonds.—$1,400,000 of bonds were issued to refund
First mtgo $400,000 ($500 &I 1906 5 g J-J
a like amount
400,000 July 2 1926
of bonds outstanding of old company, all
$1,000)
gold
Orr
J
Int.
but $42,000 of which have been
atCont.&Com.Tr.&Say.Bk..Chic.
.Tr.
retired, $100,000 for general corporate purpose
Bonds.—
Are
red. on any int. day at par and int. No s. f.
s and $150,000 for improvements; remaining 33,350,000 to be issued for acquisit
EARNINGS.—For 12 mos. ending
Anr. 30 1015. gross, $60,522; net.
ions, extensions and $11,980
improvements under customary restricti
interest
;
and
tlxes.
$24,769
ons.
Entire outstanding issue is
; deficit, 812,789.
rod. on any int. date at 105 and int. V.89, p. 1483.
ROAD.—Has city line in
e and Wethersfield and interurban
between Kewanee and Galva.Kewane
Total track operated 14 miles. 70-80-lb.
REPORT.—For year ending June 30 1914. gross,
T
and
girder
rails.
Gauge
3302,66
4
ft.
2; net, after
834 in.
taxes. $84,798; fixed charges, 382.000; surplus, 32,798.
OFFICERS.—Pres.. W. H. Lyman;
V.-P., H. W.Crane; Sec. & Treas..
F. M.Lay; Gen. Mgr.. R. H. Hayward,
ROAD.—Owns and operates 43.75 miles of road, of which
about 18 miles
are within the city of Leavenworth and 254 miles
between
Ft.
Leavenworth
and Kansas City, Kan. Enters Kansas City, Mo.,over
tracks of the Kansas
KEYPORT, N. J.
City Viaduct & Terminal By., which owns and
operates a steel and concrete viaduct connecting Kansas
JERSEY CENTRAL TRACTION CO.—Trollev.
City, Kan., with Kansas City,
Mo. Has
New Control.—On March 27 1915
second entrance into Kansas City over tracks of the
Laird & Co., Wilmington, Del., acting,
Metropolitan Street By. It is reported, on behalf of
the Du
interests, acquired control. V. 100.
OFFICE RS.-0.F. Holmes, Pres.; C. F.
p. 1168. Having been informed Pont
Hutchin
that
gs,
V.
-P.
the new owners proposed certain
and
Gen.
torney; S. D. Hutchings. See. and
changes in the management and financia
J. G. Herrion, Supt.; W.Atl plan, a committee representing
Boner, And. General office, LeavenwTreas.;
M.
the
minorit
y
stockhol
ders was formed. See V. 100,
orth, Kan.—V. 89, p. 1483; V. 90,
D. 1592. In
p. 110, 368.
1915
it WWI reported that the Nationa
l Properties Co. had taken overMay
the management of the property.
MISSOURI & KANSAS INTERURB. RY.—Known
ORGANIZATION.—Chartered Mar. 26 1891. In
as
"Strang
Line."
N. j., as the Keyport
ORGANIZATION.—Incorporated in
& Matawan Street By.; a horse line, but has
under Gen. RR. law.
1909 receiver appointed the previous yearKansas
railway since July 1901, and name changed as been operated as an electric
was discharged, and old companIn
above in Nov. 1901. Comy pany owns franchis
resumed control. V. 86, P. 1467; V. 89. p.
es
for
the
carrying
1281.
Motive power changed
of freight and transports brick.
from Strang gasoline cars to electricity in 1908.
&c.. for local industries.
V.87, p.614. Has private gravel.
right of way about 80 feet wide from Kansas City
Company also owns 462 of the
500 shares of stock and all of the bonds
to Olathe.
($100,000) of the Middlesex &
STOCK AND BONDS— Date.
Monmou
th Electric Light, Heat & Power
Interest. Outstanding. Maturity. Co.. which supplies both
city lighting and private power and
Stock $1,000,000 ($100)
lighting in
$1,000,000
South Amboy, Keyport, Matawa
First mortgage $600,000 gold), 1906 5 g J-J
n, Keansburg, Belford and other
cities.
600,000
Jan
1
1956
($1,000)
STOCK
AND BONDS— Date.
cf Fidelity Trust Co., Kansas City, Trustee
Interest.
Outstand
ing.
Maturity.
.
Stock $1,500,000 ($100)
.
EARNINGS.—For cal. year 1914. gross, $107,12
$1.500,000
5; net, $40,180. In 1st mortgage $750.000 gold 1901
1913, gross, $99,502; net, $41,473
5 g M-N
.
230,000 Nov 1 1931
(3500 and $1,000)
tf Int. at Colonial Trust Co., Phila.,
ROAD.—Operates 20 miles of road from Kansas City
Trustee.
through South- Gen & ref mtge $1,500,000 1904 5 g J-D
ridge, Morrison Ridge, Milburn Place, Overlan
1.270,00
0 Dec 1 1954
gold
($1,000
d
)
Park
and Lenexa to Olathe.
c*.tf Int. at Fidelity Trust Co., Newark
Enters Kansas City over tracks of the
, Trustee.
litan Street By. 70-lb. rails. Gen & ref, impt & extmtge
1914
5
Has 13 cars, including passenger and Metropo
g
246,000 Mch. 1 1939
M-8
$5,000,000 ($1,000) g___c*fInt. at Girard
freight.
Bonds.—Of the $1,500.000 bonds of 1904. Trust Co., Phila., Trustee.
OFFICERS.—Pres., W. B. Strang; V.-P., H. C.
$230,000 are reserved to retire
Brent; Sec. & Treas., the first 5s.
E. N. Daniels; Gen. Mgr., Thos. Riley.
The
bonds
of
1914
are
redeema
General
ble
March
offices,
OverlanU Park, date at 10234. $1.500,
1 1917 or any interest
Kansas.—V. 87, p. 614; V. 89. p. 1281.
000 bonds are reserved to retire prior
liens
$3,250,000 for additions, impts., &c.
These bonds are subject to calland
on




[voL. 101.

ELECTRIC RAILWAYS

58

102A and int. V. 99, p. 269;
March 1 1917 or any int. date thereafter at
V. 98, p. 1694.
(incl. Mid. & Mon. Elec. Light).
REPORT.-For calendar year 1913
$8,631; int.. $81,014; sur., $52,736.
gross, $302.750; net. $143.381; taxes,
road from South Amboy,
ROAD.-Owns and operates 36.09 miles of
Atlantic Highlands to
Key-port and Belford to fled Bank; Belfordnthrough
, N. J. Standard
Keyport
to
Matawa
through
Frenoau
Highland Beach;
private right of way.
over
all
Nearly
gauge 60-lb. T and 70-lb. girder rails. ves, 29 freight cars and 1 snow-plow.
32 passenger cars, 2 electric locomoti
Mechanicsville and over the
An extension from South Amboy through
completed in 1910.-V. 76, p.
Raritan River Bridge to Perth Amboy was
V. 100, p. 1168.
269;
p.
99.
V.
1694;
p.
98,
V.
461;
p.
92,
V.
1300;

KEY WEST, FLA.

road.
KEY WEST ELECTRIC CO.-A trolley
in New Jersey in 1898 and does entire
ORGANIZATION.-Incorporated
to
entire street railway business
addition
in
electric-light and power businessfor manufacture of gas. Franchises expire
of the city; also owns franchisesthe
Electric Light & Power Co.
West
Key
acquired
1904
1997. In June
by Stone & Webster of Boston
V. 78, p. 2334. In June 1906 was acquired
p. 1496. Public ;Service Investment
and re-capitalized as below. V. 82,
preferred stock.
Co. owns $374,100 common stock and $222,000
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$500,000
Common $500,000 (9100)
350,000
____
Q-M
Pref $350,000 ($100)6% cum_ 1906
491.000 Aug 1 1956
F-A
g
5
001
$1,000,
e
First mortgag
tf Int. at State Street Trust Co., Boston, Tr.
gold
reported outstanding above,
Pref. Stock.-Of the $350, 00 pref.ofstock
benefit the co. Red. at 110.
$80.000 is held in trust for the
or in part for s. f. at 105 and int, at
Bonds.-Are subj. to call as a whole
bonds out began Dec. 11907. if earned;
any time. A sink, fund of 1% of
in treasury not incl. Imo:out$83,000
ry.
obligato
became
on Dec. 1 1912
.
standing amount. $19,000 canceled
1915, gross, $122,636; net, after
EARNINGS.-For year ending June 30fund,
$5,765; surplus, $4,703.
sinking
taxes, $35,413; interest. $24,945;
Gauge 5 ft. 2A in.
ROAD.-Operates 5.4 miles of track; 10, cars.
Savannah; 1st V.-P., Charles
OFFICERS.-Pres., George J. Baldwin
Todd: Treas., Henry
K.
Alvah
Sec.,
Hunt;
H.
Harry
F. Wallace; 2d V.-P.,
Fla.; Gen. Mgrs., Stone
B. Sawyer; Mgr., I. Maxwell Stover, Key West,
p. 1508.
94,
V.
1496;
p.
82.
-V.
Boston.
Assn.,
Mgt.
& Webster

to call at 105.
Stock.-Preferred stock is non-voting. Subj.
are reserved to retire the K. M.
Bonds.-Of the 1st & ref. bonds,e$650,000
purposes and $3,120,000 for additions,
& W. bonds, $50,000 for corporat
ons. Red. on any int. date at 105.
betterments, &c., under certain restricti
1917. In lieu of retirement of bonds,company
Bk.fd. 1% beginning Jan. 1annually
add'ns, impts. & extensions,
perm.
for
aside
set
option
may at its
a sum equivalent to 1A % of total
at not exceeding 80% of cost thereof,
Int. payable at Spencer Trask & Co., N. Y.
amount of refund. bonds out. 1st
M. bonds are subj. to call at 105 and int.
V. 95, p. 1684. K. M.& W.
See V.76, p. 1143; V. 77, p. 451.
the pref. stock. On common, 1% s.-a.
on
paid
being
Dividends.-6% is
%.
to Aug. 1915 when rate was increased to 131
31 1914, gross, $434,721; net, $249.Dec.
EARNINGS.-For year end.
deprec'n, pref. div., &c., $156,343,
978; other income, $1,111; int., taxes.
; net, $231,328; int., taxes;
surplus, $94,746. In 1913, gross. $407,128
;
depreciation, pref. div., &c., $142,319 surplus, $89,010.
and from Kokomo to
in
Kokomo
track
of
ROAD.-Operates 36A miles
sidings, between Kokomo and FrankMarion and 25A miles of track, incl.
the Terre Haute
between
link
ng
connecti
Is
62.
track,
of
fort; total miles
Co. of Indiana. Standard
Ind. & East. Trac. Co. and the Union Traction
light and pow.consumers.
4,797
had
1914
1
Dec.
On
rail.
T
70-1b.
gauge.
-P., L. J. Kirkpatrick; Sec..
OFFICERS.-Pres.. Geo. J. Marott; V.
Asst. Gen. Mgr., P.H. Palmer.
Treas. & Gen. Mgr., T. C. McReynolds;
V. 95, p. 1684; V. 96, p. 486.

LACONIA, N. H.

LACONIA STREET RAILWAY.
the new interests also acquired
In Nov. 1906 control changed hands, and
control of the Laconia Electric Lighting Co.
Lakeport Street Ry., but
ORGANIZATION.-Formerly the Laconia &
name changed to above in 1894.
Interest. Outstanding. Maturity.
Date.
STOOK,&c.)-00,000
Common $100,000(par$50
----40,000
--($100)
$40.000
cum
6%
Prof
91.000 May 1 1919
5 M-N
1899
First mortgage $91,000 ($1; Interest
at American Trust Co., Boston.
000)
40,000 May 1 1919
5 M-N
1904
$40,000
e
mortgag
Second
Interest at People's National Bank, Laconia.
($1,000)
none since.
4%;
paid
1894-95
Dividends.-In 1893-94 pa d 5%; in
from Laconia to Weirs. Standard
ROAD.-Owns 8.87 miles of track
KINGSTON, N. Y.
gauge. 11 passenger and 2 other cars.
KINGSTON CONSOLIDATED RR.
June 30 1913, gross, $39.312; net, $11,EARNINGS.-For year ending
Dec.11 1901 of the Kings$3,103.
ORGANIZATION.-Thls is a consolidation on
interest and taxes, $8,868; surplus,
.
971;
Traction
City
Colonial
the
and
RR.
ton City
Interest. Outstanding. Maturity
STOCK AND BONDS- Date.
$200,000
Common $200,000 ($100)
LA CROSSE, WIS.
200,000 Apr.'15, 3%
Preferred 4% cum $200,000532,000 Oct 9 1951
5 g J-J
AY, LIGHT & POWER CO.
RAILW
SIN
First consolidated mortgage 1901
WISCON
Y.,
Trustee.
N.
at Bankers Trust Co.,
on Jan. 16 1913 and has ac$700,000 ($1,000) gold c*tf Int.
ZATION.-Incorp. in Wisconsinformerly
1 1939
ORGANI
Jan
None
J-J
belonging to the La
5
1909
0
Second mortgage $250,00
owns in fee all the property
Int. at Bankers Trust Co.. N. Y., Trustee. quired and now
City By. and the Winona (Mimi.)
Crosse
La
the
($1,000)
Co..
Power
Crosse Water
in Winona, Minn.,
business
power
and
RR.-light
City
Kingston
150,000 Mar 1 1923 By. & Lt. Co. Does electric
5 M-S
in Winona and La Crosse.
Consol $150,000 ($1,000) not' 1893
and operates street railways
' Loan & Trust Co., N. Y. and Onalaska, Wis., contract
& Onalaska St. Ry.. an interCrosse
La
the
subj to call before mat'y_tffInt. at Farmers
under
6,000 On demand. Also operates
5 quer.
connecting the cities named. Owns hydroMortgage on car barn
ated mortgage is reserved to re- urban line about 3 miles long,
Wis., with transmission lines to La Crosse and
Bonds.-$156,000 of the $700,000 consolid
electric plant at Hatfield, also
ng liens; $12,000 have been canceled.
has steam reserve plants.
it
cities
tire the Kingston City RR. underlyion
pref. stock from consolidation up to Winona, at which
Interest. Outstanding. Maturity.
Dividends.-4% was paid yearly
to Jan. 1 1911, when 4% was paid.
STOCK AND BONDS- Date.
$1,230,000
1908, when 2% was paid Aug. 1. None
In April 1915 another 3% Common $1,230,000
paid.
was
3%
when
2,000.000 Feb 1 1933
11914,
F-A
Sept.
to
5
up
None
000 1913
paid and in Sept. 1015 3%.
First & ref M $10,000.
Co., Milw., Trustee.
Trust
was paid; in Aug. 19156% wastrack.
First
c*tf
cars,
40
90-1b.
and
gold
70.80
Rails,
($1,000)
220,000 July 1 1929
J-J
g
5
ROAD.-Embraces 8 miles of
1909
La Crosse City By 1st
Mt
Wisconsin Tr. Co., Milw., Trustee.
2 snow plows.
1915. gross, $147,304; net. $59,544;
(closed mtge) ($1,000)___cInt. at
a voting trust
REPORT.-For year end. June 30
under
years
5
for
escrow
in
Stock.-Entire stock placed
int., taxes. &c., $45,953: surplus, $13,591.
of a definite management and control of
Springfield, Mass.; V.-P., Honey 0. agreeme
nt for the establishment
OFFICERS.-Pres., Fred. T. Ley,
Jr., Frank 0. WetVogel
Fred.
Abm.
of
g
Treas.,
;
consistin
Kingston
Bow,
te
trustees
B.
G.
property, the voting
Page, Worcester, Mass.; Sec.,
and Clement C. Smith.
V. 90, p. 303.
more, F. B. Ilixon, H. L. Stuart
Hasbrouck, New York.-V. 89, P. 225. 529;
have
1st & ref. bonds outstanding, $800,000
Bonds.-Of the $2,000,000by
owners, under an agreement which provides
been deposited with trustees
ate and junior in every
KNOXVILLE, TENN.
subordin
be
shall
they
escrow,
in
that, while so
the banks. Such escrow bonds can be
KNOXVILLE RAILWAY & LIGHT CO.
$1,200,000 bonds sold toof
$50,000 or multiples thereof, under
Orleans), which owns respect to
in lots
Controlled by American Cities Co.(see under New
released from escrow onlymtge.
that $2,225.000 may be issued at
provides
The
ons.
certain restricti
all the stock.
cona
. Bonds in addition to the
as
5
1905
on
company
e
Aug.
the
Tennesse
of
in
ORGANIZATION.-Incorporated and the Knoxville Electric Light & par for corporate purposesas follows: $220,000 to retire La Crosse City
Co.
$2,225,000 may be issued a like amount of bonds which may be issued for
solidation of the Knoxville Traction
ial
and
l
commerc
all
municipa
and
railway
retire
street
to
the
bonds and $75,000
Power Co. Does all
bonds are issuable at par (a) to
in Knoxville. Also controls the certain
additional property: remaining
electric-lighting and power business two
existing against
amusement parks. Franchises redeem at par any underlying bonds or any mtge. debt
Knoxville Park Association, owning street
however, at par, the reasonable
g,
until
run
exceedin
latter
which
railway,
of
not
,
miles
1A
any property acquired
of any addicost
of
75%
are perpetual, except as to
g
exceedin
not
for
value of such property; and (b)
Nov. 28 1946.
ons. Bonds red. on any int. date at
was all made one class tional
property, with certain restricti
In 1911 $1,500,000 corn. and $500,000 pref. stock
g 1918. Int. payable
beginnin
annum,
per
2%
fund.
105 and int. Sinking
and increased to $2,050,000.
company or at its New York agency.
e Power Co. for the pur- at
office of trustee, or at office of
Has favorable long-term contract with Tennesse
gross, $385,947; net, after
-For year ending June 30 1914,
chase of electric power.
GS.
EARNIN
.
Maturity
ing.
Outstand
Interest.
Date.
$111,000; surplus, $26,831.
STOCK AND BONDSSee text taxes, $137,831; interest charges,
$2,050,000
J-D
Stock $2,050,000 ($100)_____ 1911
1,778,000 June 1 1946
5 J-D
-24 miles of track.
ROAD.
Ref & ext mtge $10,000,000 ,Int. at Guaranty Trust Co., N. Y., Trustee.
ns are directed from
OFFICERS.-Pres.,Clement C.Smith. Operatio
($500 and $1,000)___c*cpt
1,093,000 Sept 1 1945 President's office in Milwaukee in connection with the operations of the
M-S
g
5
1905
$3,e
mortgag
ated
Consolid
properties. V.98,
utility
public
Trustee.
Y.,
other
N.
Co.,
y
and
Trust
Co.
Guarant
at
Int.
Service
Wisconsin Public
000,000 gold ($1,000)___c*
817,000 April 1 1938 p.
5 g A-0
692; V. 99, p. 1750, 1830.
Knoxville Trac 1st M $850,- 1898 Baltimor
Bait., Trustee.
Co..
e
Trust
at
-c*iInt.
($1,000)
000 g tax-free
& POWER CO.
00 are reserved for prior
• WISCONSIN MINNESOTA LIGHT
Bonds.-Of the ref. St ext. mortgage. $3,000,0
by American Public
in treasury are for additions
stock all owned and properties managed
liens and $5,222,000 (including $394,000 held
Common
at
le
are
redeemab
Bonds
ons.
restricti
Co.
and improvements under certain
or may be purchased in open mar- Utilities
rp. In Wisconsin. Dec. 2 1901 as the La Crosse
.-Inco
ZATION
ORGANI
105 and interest on 60 days' notice4A
%. Annual sinking fund, begin- Gas & Elec. Co.(successor to the La Crosse Gas Light Co., the LaCrosse
ket at a price to net not less than
of bonds out. Of
Edison Lt. & Pow. Co.) On June 24
ning Oct. 1 1915, equal to A of 1% of totaltoamount
El. Lt. & Pow. Co. and the
Power Co. and inretire Knoxville Trac. Co. Brushchanged
name to Wisconsin Minnesota Light &
the $3,000,000 consols. 3817,000 are reserved
1914
reare
Bonds
mtge.
&
ext.
of
ref.
to $10.000,000 and merged the
trustee
by
held
$900,000
from
00
stock
auth.
bonds and $1,010,0
its
creased
of
A
of
In 1898) and the
annually
Wis.
In
Sink.
notice.
days
deemable at 107A and int. on 60 e Trac. bonds) began
a Valley By. Lt. & Power Co. (Incorp.
light and
fd'Sept. 1 1910, and Chippewa
tion Co. Owns and operates electric
1% of all bonds out (incl. Knoxvill
held in Chippew Valley Construc
and hot water
were
water.
bonds
.
1%
880,000
domestic
to
gas,
annually
d
railway,
increase
an
is
and interurb
after 5 years
street
power,
e
and
MenomFalls
mortgag
first
a
Co.
e
Chippew
Traction
Knoxvill
La Crosse,
sinking fund on Sept. 11015. The
heating properties in Eau Claire.Wing,
canceled.
Minn. Operates under an indeterRed
bonds are not subject to call. $33,000 have been ne.29
was into, Wis., and Winona and
and is protected
1%
Comm.
1907,
RR.
n
-2%-Ju
on
Wisconsi
common
dividend
the
by
Dividends.-First
permit granted
doing a similar business.
4%;in 1909, 7%;In 1910,870; minate competit
ion by any other public utility
paid Sept. 1907 and, 1% Dec.1907; in 1908,
authorized the company to issue
class and in June 1912 paid 334 ; against
in 1911, 10%. Then stock all made oneDec.
In Dec. 1914 the Wisc. RR. Comm.
for the purpose of acMar.,
27::
chiefly
1914,
In
5%.
stock,
common
2%;
June,
pref. and $244.000
Dec., 3%. In 1913,
Cities Co. and dividends no $367,000
Gas Light & Coke Co., Red Wing Gas
June, 2%. Stock all owned by American'
quiring the property of the Winona
Co. Eau °lair° Gas Light
Power
n
Wisconsi
taMinneso
Co.,
public.
made
Power
longer
Light &
le Electric Co. V. 99. p. 1758.St. Paul to supply it and
REPORT.-For calendar years.
Surplus. Co. and Neillsvllwith
Net after Taxes. Interest. &c.
Consumers' Power Co. of
Gross.
YearHas contract
$208,657
5
$204,008
$412,66
General Electric Co. with electric energy for 30 years be$902,655
lis
1914
the Minneapo
222,827
197,793
420,620
882,802
1917.
1913
m. of track, incl. 11.582 miles ginning with
Interest. Outstanding. Maturity.
ROAD.-On Dec. 31 1914 owned 52.989over
STOCK AND BONDS- Date.
T and girder rail. Has 65
$1,232,000
of double track; standard gauge; 70-lb. and total,
00
has
$5.000.0
,
station
Power
Common
158.
2,067,000 Sept 15 .1X
Q-S1
open cars, 82 closed and 11 work cars;
---_
cum.)
(7%
00
Prof.,$5,000,0
3,198,000 May 1 1944
M-N
g
5
1914
6,800 k.w. capacity.
Harvey; V.-P., W. S. Shields; 1st & ref M.$20,000,000 gold
o.
0,or
Y.
is.CY
v. nianrrN
lable
IAnitb.erptay
OFFICERS.-Pres. & Gen. Mgr.. C. H.
r*
($1.000)
V.85,
,000)c*
38;
1
p.
83.
Cooper.
($500&$
-V.
F.
Bank,Chicago; Trustee,
Sec.& Treas., C.J.Pleming; Aud., George
red aft May 1'19(4)105&int Harris Trust & Say.
Trustee.
p. 345, 405, 793 V. 88, p. 1620; V. 96, p. 716, 1021.
806,000 July 1 1924
Chipp V By L & Pow 1st Mt 1907 5 g J-JTr.& Says. Bk.. Chic., Trustee
(closed)$2.000.000($1,000)gfInt. at Harris
KOKOMO, IND.
2,OTO0he
prior liens
pref. stock
8s.
INDIANA RAILWAYS & LIGHT CO.on Dec. 7 1912 as a consolida- Other
Stock.-Pref. stock is pref. as to assets and rdividend
consecutive quarterly
four
ORGANIZATION.-Incorp. In Indiana
wheneve
directors
the
of
&
majority
t
a
may elect
Trac. Co., Kokomo Frankfor
ntly maninefficie
be
to
shown
is
tion of the Kokomo Marion & Western Utility
Co. Carries on an inter- dividends remain unpaid or the property
Western Trac. Co. and Kokomo Public
and heating business. Street aged or depleted. See V. 99, p. M.1914,$806,000 are reserved to retire the
urban and street railway, lighting, power
of
bonds
&
ref.
1st
the
Bonds.-Of
power and steam-heating
railway franchises extend to 1953; electric-lighting, and extend to 1932 or Chippewa Valley By., Lt. & Pow. bonds. Escrow bonds can be issued to reext. and add'ns (provided $250,000 is
franchises are limited to 25 years (subj. to renewal)
tire prior liens and for 75% of cost of
of bonds), but only as regards the
b2yond.
ing. Maturity. expended for ext.. &c., without the issue
Outstand
Interest.
are 1 A times the
Date.
BONDS
AND
STOCK
in case the annual net earningsbe
F-A
32.000,000Aug15,1 % first $2,750,000 bonds,bonds
issued when net
balance may
for:
applied
Common $2,000,010 (3100)__ _ 2_ _
incl.
charge,
int.
text
See
total
375,000
6 Q-M
payable on the
fund
Sinking
1995.
p.
Pref cum $1,000,000 ($100)-98,
V.
times int. charge.
1943
1N
1
Jan
0
is
1,180,00
g undering,
includin
J-.1
g
1
5
outstand
0001912
bonds
fd
$5,000,
1st & ref M sk
olis, Trustee. basis of the following percentages of the1A % 1929 to 1938, and 2% 1939 to
($500 and $1,000) g c*tt Union Trust Co. of Indianap
1928.
to
1919
yearly
1%
bonds:
650,000 July'! 1933 tying
5 g J-J
s.
addition
and
ns
extensio
Kok Mar & W 1st M $1,000,- 1903
for
or
Ind., Trustee. 1943; either to retire bonds
000 g ($500 & $1,000)c*ntt Interest at Security Tr. Co.,




SEPT., 1915]

ELECTRIC RAILWAYS

Dividends.-Initial div. on pref. stock of 13,
1% paid Sept. 1 1914; Dec-.
13(%. In 1915, March, 1 %;June, 1%%;Sept.,
1)%.
EARNINGS.-Combined earnings of constitu
ending June 30 1915, gross, $1,055,894; net,after ent companies for year
taxes,$546,114; bond interest, $233,452; surplus, $312,662.
ROAD, PROPERTY. &C.-Owns and operates
25 miles of electric
railway, incl. interurban line on private
right-of-way between Eau Claire
and Chippewa Falls and local lines in those
cities. Present rated capacity
of company's hydro-electric and steam plants
approx. 14,000 h. p. 1JItimate development 100,000 h. p. Owns over 145
of high-tension transmission lines and has more than 45 miles undermiles
construction. Also owns
and operates gas properties in La Crosse,
comprising 55% miles of mains.
OFFICERS.-Pres.,Jos. H. Brewer.-V.98, p.
1995; V. 99, p. 54, 610.
906, 1453, 1758.

LAKE CHARLES, LA.
LAKE CHARLES RAILWAY. LIGHT & WATER WORKS
CO.
ORGANIZATION.-Incorporated
Louisiana in 1909. In June 1909
the company acquired the Lake CharlesinStreet
Ry.
Co.,
operatin
railway in Lake Charles and Lake Charles Ice, Light & Water g an electric
Works Co.,
which operates an ice plant, electric-light and power departm
ent and
water system.
Franchises expire; street-railway, 1941; electric light and power,
1926;
water-works, 1916, self-renewing every 5 years thereafter
unless city buys
plant.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $200,000
$200,000
First mortgage $500,000 gold' 1909 6 g F-A
195,000
See text.
($500 and $1,000)
c*1Inter-State Tr.& Bkg. Co., New Orl., Trus.
Bonds.-Remaining bonds are for Improvements and extensio
ns on basis
of $1 in bonds for each 31 33 of improve
ments,&c. Bonds mature $15,000
semi-ann. from Aug. 1 1912 to Feb. I 1922,
both inclusive; but redeemable
on and after Aug. 1 1914 on any int. day on 30
at office of trustee or at Chicago Savings days' notice. Int. is payable
Bank & Trust Co.. Chicago.
$105.000 has been retired.
EARNINGS.-For cal. year 1914, gross,
$247,965. In 1913, gross.
$231,444.
ROAD.-Consists of 9 miles of track. 60-lb. rails.
OFFICERS.-Pres..J. A.Landry; Sec.,
P.O.Moss.-V.89, p.919.

LANCASTER, PA.

LANCASTER & YORK FURNACE STREET RY.-A trolley road.
ORGANIZATION.-Incorporated July 22 1901
in Pennsylvania. In
Feb. 1908 reduced stock from $280,00
0 to $170,400 and made $150,000
mtge.. which see below. V. 86, p. 480.
Default.-Interest duo July 1 1915 on the company
's 1st M. bonds is in
default, due, it is stated, to the
failure of its bankers, Woelpper, Crawford
& Co. of Philadelphia. V. 101,
p. 212.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock 3170,400 ($50)
$170,400
1st mtg gold $150,000 ($500f 1908
5 g J-J
150,000 Jan 1 1928
and $1,000)
c&rlInt. at Northern Trust Co., Lanc., trustee.
Bonds.-Are not subject to call and
have no sinking fund.
ROAD.-Operates 12% miles of track between
Millersville and Pequea.
60-1b. T rail. Gauge 5 ft. 2%
in.
OFFICERS.-Pres.,Meyer Schamberg; Sec. & Treas.,
W. S. J. Wetherill; Gen. Mgr.,L. B. Myers.-V.
86, p. 480, V.92, p. 187; V. 101, p. 212.

LEETONIA, OHIO.
YOUNGSTOWN &
RIVER RR.-A trolley and steam road.
Freight service operated OHIO
by steam; passenger service by electricity.
ORGANIZATION.-Incorporated in
Ohio on Dec. 8 1905. In 1906
leased for 99 years Salem
from Pittsburgh Lisbon & Western RR.
Co.
for $6,000 per annum; the RR.
former runs between Salem and Washingtonvill
e.
7 miles.
In 1910 road was re-capitalized and
new securities issued as below.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock common 31,000,000_
$1,000,000
Preferred 31,000,000 5%
Q-J
1,000,000 June'15,1%
First mortgage 32,500,0001 1910
5
A-0
1,000,000 Apr 1 1935
gold (31,000)
c* Int. at Citizens' Say. & Tr. Co.,
Clevela
Trustee, or First National Bank, N. Y.nd.
Stock and Bonds.-Pref. stock div. is cumulat
ive after July 1 1913.
Bonds subject to call on any int. date after
April
Remaining bonds are reserved for acq. and exten. 1 1915 at 105 and int.
under certain restrictions.
Dividends.-Dividends on pref. began in 1910 and
in that year 1%% was
paid. In 1911.
%; in 1912,4%;in 1913 and 1914, 3i%;
in 1915.
March, 1%; Juno 1%.
REPORT.-For year ending June 30.
Year ending
Gross
Exp., Taxes
Net
Bond
Balance,
June 30Earnings.
c% Rentals. Earnings. Interest.
Surplus.
1915
$290.164
$185,674
$104,490
$50,000
$54.490
1914
273.603
175,678
97,925
50,000
47,925
ROAD.-Operates from the terminu
s of the Stark Electric Ry., in
Salem, Ohio, through the city of Salem
and over the Salem RR. from Salem to a connection withthe Salem RR,,
through Washingtonville, Leetonia.
Lisbon and West Point to East Liverpoo
l, Ohio, a distance of 36 miles.
At Leetonia,0.,connection is made
the Youngstown & Southern Ry.,
Owns 32.19 miles of track and leaseswith
6.81 miles. Standard gauge, mostly
70-lb. T rail. Pass. equip., 7 cars; freight,
3 locomotives, 15 cars.
OFFICERS.-Pres., Will Christy; V.-P., Geo.
A. Stanley; Sec. and
Treas., Chas. S. Thrasher; Gen. Mgr.,
J.
D.
Warren Bicimell Co.; Auditor, R. F. Miller. Dewees; Operating Mgrs.,
Ohio.-V.95,p.299; V.96, p. 362,948, 1023, General Office, Leetonia,
V.98,p. 74,612, 1001,
1684, 1995; V.99, p. 409, 1912; V. 100, p. 644;1420;
V. 101, p. 450.

LANCASTER COUNTY RAILWAY & LIGHT.
Controlled by the United Gas & Elec. Corp.-See under New York.
ORGANIZATION.-Incorporated on June 15 1901 in New
Jersey. Owns
and controls the following railway, gas and electric
properties, whose stocks
are placed under the mortgage of 1901:
Conestoga Traction Co.,
'Edison Electric Co.
Lanc. Gas Light & Fuel Co.
Also controls the Conestoga Realty Co.
Franchises are perpetual. Does all the gas and electric
lighting in cities
of Lancaster and Columbia, and practically
all in Lancaster County.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock corn $1,500.000($50)-Q-M
$1,447,500 June '15.3%
Pref $1,500,000 ($50) 57
0 cum ____
Q-M
1,000,000 June'15, 1AI
Mtge $1,000,000 gold (500j 1901
5 g J-J
1,000.000 July 1 19
and 11,000)
c*ntf__ _lInterest at Lancaster Trust Co.,
Trustee.
Securities of Lines ControlledLEWISTOWN, PA.
Conest Trac 1st M 32,000,000 1900 4 J-J
1,277,50
LEWISTOWN & REEDSVILLE ELECTRIC
($100, $500&$1,000)__c tf Int. at Prov. Life & Tr. Co.. 0 Jan 1 1950
RY.
Phila., Trustee.
Lancaster City RR 1st mtge 1890
Controll
ed by the Penn Central Light & Power Co.
5 g A-0
160,000
of N.J.(V.96, p.
1 1920 and operated in connection
(1100 and $500)
c*tf Int. at Metropolitan Tr. Co., N.Apr
with the Penn Central Light & Power 493)
Y.,Trustee. (Penna.). All
Co.
W E St Ry 1st M 1225,000 1891
of
the
stock
and some of the bonds are subject to the lien
5 M-N
225,000 May 1 1921 of the mortgag
($100 and 2500)
es of the Penn Central Lt. & Power Co.
c*tf Int. at
litan Tr.Co.,N.Y.,Trustee.
Lances Trac 1st M ($100, 1893 Metropo
5 A-0
ORGAN
IZATI
225,000 Apr 1 1923
ON.-Incorporated in Pennsylvania on March 24 1892:
1500 and $1,000)
c*tf Int. at
er Trust Co., Lanc., Trustee.
STOCK AND BONDS- Date.
Lanc0 L & F 1st M 1300,000 1895 Lancast
Interest. Outstanding. Maul.
5 J-J
300,000 Jan 1 1925 Stock 1150,000 ($50)
($1,000)
cntf Int. at Lancaster Trust Co., Lanc.,
1150,000 '07-'08, 5
Trustee. 1st mortgage gold ($500 and' 1899
Second mortgage $400,000 1906
5 g J-J
150,000 June 1
5 J-J
9
100,000
Jan
51.000)
1
1963
$150,00
($1,000)
0
c&r1Int
. at Merchants Union Tr. Co., Phila.,19
c*tf Int. at Lancaster Trust Co., Lanc., Trustee 2d mortgag
Tr.
.
e gold ($500 and 1902 5 g M-N
Third mtge 1100,000 gold 1911
J-J
125,000 May 1 1917
100,000 Jan 1 1936
$1,000) $125.000
($1,000)
_c&rlInt. at Com'wealth Tr. Co., Harrisb'
c*tf Int. at Lancaster Trust Co., Lanc.,
g, True.
trustee.
Columbia Gas Co 1st mtge 1911
Bonds.-The lsta are not sub, to call, but the
5J-,j
75,000 Jan 1 1941
2ds can be called at par.
$200,000 ($1,000) c*tt Int. at Farmers
Dividends.-1902 to 1908. inclusive, 5%
'Tr. Co., Lancaster, Trustee.
per annum. None since.
Edison Elec Co 1st & ref M 1913
EARNI
NGS.
-For 12 mos. ending July 31 1915, gross, $82,814
5 F-A
1,142,000 Feb 1 1943 after taxes,
; net,
15,000,000
tf Lancast Trust Co., Lancaster,
$13,750; charges, $13,750; balance,
none.
Trustee.
Edison Elm Ilium Co 1st 1895 er
5 J-J
ROAD.-Operates 10.55 miles oftrack from Lewisto
290,800 July 1 1925
M $300,000 ($100, 1500 Interest at
wn
Reedsvil
to
le and
Lancaster Trust Co., Lancaster, Lewistown June., with a branch to Burnha
& $1,000)
m. 60 and 70-lb. T and 70-lb.
c&rtf
Trustee
girder rail.
Col El L II & P 1st M gold 1905 5.M-N
OFFICERS.-Pres. and Mgr., J. 1. Quigley,
$125,000 ($1,000)_c&rtf Int. at People's Trust 125,1:100 May 1 1935
Lewistown; V.-P., John E.
Co., Lancaster, Trust. Zimmerman, Phila.; Sec.
Conestoga Realty Co 1st M 1908 5M-N
and Treas., Chas.
$500,000 sink hind g c__ tf Int. at Lancast 248,000 May11958 Gossard. Lewistown.-V.88. v. 1128: V.89. v.Day, Phila., Suet., C. E.
er-tiust Co., Lanc., Trustee.
919; V.96, 13• 487.
Bonds.-Of Conestoga Trac. 1st M. bonds,
$610,000 reserved to retire
prior liens, $112,500 reserved to be used for
the reduction of rentals. Of
Lane. Gas Lt. & Fuel 2d M.$300,00
LEXINGTON, KY.
0 are reserved to retire 1st M. bonds.
Lane. Gas Lt.& Fuel 3d M.bonds
are
ble at 105 and int. on any int.
KENTUCKY SECURITIES CORPORATIO
date on 3 mos.' notice. Columbia Gasredeema
N.-A holding company.
Co. bonds are red. on any int. date
ORGANIZATION.-lncorporated in Virginia
105 and int. on 90 days' notice. $125,00
at
0 reserved for future improve'ts at 322) as successo
on
23 1911 (V. 92, p.
85% of cost thereof. Of Edison Elec. Co.
r to the Lexington & Interurban Jan.
Rye. Co. per plan in
1st
and
ref.
bonds,
$425,000 V. 92, p. 461. Owns the entire stock of the Kentuck
reserved to retire underlying bonds; remainder
y Traction & Termieaten.,&c.,at 85% of cost thereof. Columbi held in treasury for irnnts.. nal Co. and Lexington Utilities Co.
a Elec. Lt., H.& P. bonds are
red. at 110 and int. on any int. date.
STOCK AND BONDS- Date.
bonds are guar. by the Lanc.
Interest. Outstanding. Maturity.
County Ry.& Lt. Co. Conestoga RealtyThe
Co. bonds are red. at par and int. Common $2,500,000($100)_
12,031,487
on any int. date on or after Jan. 11915, upon
Prof $2,500,000 ($100) $%}
an amountset up monthly sufficient to retire 3 mos.' notice. Sinking fund
cum from Jan 1 1913
bonds at maturity.
Dividends.-The first dividend on the preferre
2,075,000 July'15,134
d stock (3%) was paid on
Stock.-Both corn. and pref. are listed on Phila.
July 1 1904 and 3% was again paid
and Louisville stock
(see V.79, p. 2796); July, 3%; Dec.. on Oct. 11904. In 1905, Jan., 3% exchanges. Pref. is also listed on Cincinnati Stock Exchang
e. Prof.
In
stock
1906,
is
6%
%
redeema
. In 1907, 7%;
ble after 1914 at par and accum. div.
In 1908 to 1914, incl., 5%. In 1915,
4370.
March, 13í %; June, 13%. On
common, in 1908 to 1912, incl., 10%;
Dividend
s.
-Initia
l div. on pref.. 1J%.paid July 15 1913; same
in
1913,
12%;
in
1914,
rate
.
%
115
In
1915, March, 2%; June. 3%.
quarterly since.
REPORT.-For year end. Dec. 31 1914,
EARNINGS of combined properties (Ken.
earns.
(less
Trac.
expense
&
Term.
s
and
Co.
and
Lox.
proportion of surplus of sub. cos.), $302,395; bond
Co.) for years end. June 30:
int., $50,000; pref. div., UM.
$50,000; surplus, 1202,395.
June 30.
Gross
Net
Other Sink.Fund. Bond
Balance.
The combined results of the subsidiary compani
YearEarnings. Earnings. Income. Taxes. &c.
es
for
the
Interest. Surplus.
12
mos.
end. 1914-15
Dec. 311814 were, gross $1,701,545; -let, after
$811,62
8 $379,225 $28,288 $33,421 8203,80
taxes, $790,769; charges. 1913-14
5
$170,28
4
$427,274; surplus, $363,495.
782,271
369,761
32,022
43.249
201,934
ROAD.-The Conestoga Traction Co. (the
156,600
OPERATIONS.-Constituent companies operate
operating company) leases
163.25 miles of track, including the Lancast
about
93
miles
of
track.
They
er
do
City
the
electricStreet
light and power,
Ry., 16.29 miles;
Lancaster & Columbia, 9.16 miles; Lancaster
street railway and ice business of
Lexington. Also operate city lines ingas,
& Lilitz, 9.92 miles; Columbia & Ironville, 4.38 miles; Columbia
Frankfort and lines radiating from
& Donegal, 5.06 miles; Lancaster & Lexington to Georgetown. Paris, Nicholas
Mechanicsburg & New Holland, 20.76
ville, Versailles and from Frankfort
miles;
to
Versaille
the
New
s.
Holland Blue Ball &
Terre Hill Street Ry.,4.99 m.; the Rohrers
town Landisville & Mt.Joy R3,
OFFICERS.-Pres., P. M. Chandler; V.-P.,
1.15 m.; the Lancaster & Eastern
..
John A. McCarthy; Sec. &
Ry., 17.84 m.: the Lancaster & QuarryTreas., J. K.Trimble.-V.92, p. 1436;
ville Street Ry.,8.39 miles; the Elizabe
V. 93, P. 286, 1191: V. 94, p. 1185:
thtown
&
Florin Street Ry.,6.40 m.; V. 95, p. 176; V. 99, p. 538,
the Christiana & Coatesville St.
1130, 1906; V. 101, p. 694.
Ry., 10.69 miles; Lancaster & Millersvi
Ry., 4.30 miles; Lancaster Willow
lle
Street Lampeter & Strasburg Ry. 11.12
(1) Kentucky Traction & Terminal Co.
miles; the Lancaster Petersburg & Manhel
m Ry., 8.30 miles; the Ephrata &
Adamstown,8.11 m.,and the Lancast
ORGANIZATION.-Incorporated in Kentuck
er & Rocky Springs. 4.56 miles. The
y on May 18 1911 as a consolidati
latter four completed and leased
for 999 years at a rental of 9% on stock. Tractioon of the Lexington Ry., Bluegrass Trac. Co. and Central Kentuck
y
Subsidiary gas and electric compani
n Co. V. 92. p. 1436. The entire stock is
es
had 10,906 gas and 6,385 electric Securities
meters in use on Jan. 1 1915.
Corp. Franchises perpetual except those on owned by Kentucky
1 mile in Winchester
expiring in 1927.
Lines Leased to Conestoga Traction
Co.
STOCK AND BONDS
Name of CompanyInterest. Outstanding. Maturity.
Stock.
Rental(%). Miles. Stock 12,500,000(1100)_ - Date.
Lancaster Mechanicsburg & New Holland_
_ _3300,000
$2,093,400
8
20.76 1st & ref mtge 27,500,000 g f 1911
Rohrerstown Landisville & Mt. Joy
5 g F-A
2,247,000 Feb 1 1951
440,000
6
(61,000) guar p &i___ _c*Ilint. at Commerc
13.15
Ephrata & Adamstown
ial Trust Co., Phila., Trust.
225,000
6
Lancaster & Rocky Springs
8.11 Lox Ry first mtge 31,5001,0001 1899
5
J-D
g
1,399,000 June
200,000
6
gold ($1,000)
New Holland Blue Ball'& Terre Hill
4.56
cs
Int.
at Continental Tr.Co., Baltimore,1-1949
120,000
True.
5
Lancaster & Eastern
5.00 Blue Grass 1st mtge $700,000 1904
5 g M-S
294.000 Mar 1 1934
430,000
6
gold ($500 and 11,000)..c&rt Int. at Clevela
Lancaster & Quarryville
17.84
nd
Tr. Co., Cleveland, Trus.
225,000
6
Elizabeth & Florin
8.39 Georgetown & Lexington first 1901
5 g M-N15
200,000 Nov 15 1921
220,000
6
mtge $250,000 gold ($1OO, Interest at
Christiana & Coatesville
6.40
Cincinnati Tr. Co., Trustee, and
365,000
6
$500 & 11,000)
Lancaster Petersburg & Manheim
10.69
c&
at Standard Trust Co.. New York.
175.000
6
8.30
Lane. Willow St. Lampeter & Strasbur
Bonds.-Of the 1st & ref, bonds, 31.893,
g
225,000
000 are reserved
6
11.12 liens and remainder
retire prior
Lancaster & Columbia
for extensions, improvements. &c., at to
37,500
20
not
8.43 90% of cost under certain
g
OFFICERS.-Pres., W. W. Griest; V.-P.,
restrictions. They are redeem. as a exceedin
George
whole on
Bullock;
Sec. and Feb. I 1914 or any int. day thereafter, or in
Treas. II. Morgan; Asst. Sec. and Treas.,
part
for
J. S. Graybill and M.D.Evans day after Nov. 1 1921.
sink,
on any int.
-V.'
at 105 and int. Bonds are guar., p.fund
91, P. 463. 1447; V. 93, p. 1783.
& I., by end. by
the Kentucky Securities Corp. Sinking fund M
Mper ann. of bonds out.,




CO

[VOL. 101.

ELECTRIC RAILWAYS

bonds are listed on
1921 to 1930: 1% 1931 to 1950. V. 92, p. 1564. The
fund will retire 1% of
Phila. Stock Exchange. V. 94, p. 1119. Sinking in
f. March 31 1915.
s.
held
were
$101,000
annually;
bonds
Ry.
Lexington
comprising all street
ROAD.-Operates approximately 93 miles of track,of
in Frankrailways in and about Lexington. 15 miles, and 8 miles city line
Lexington to
fort and Winchester; also interurban lines radiating from
and to
miles,
28
Frankfort,
to
Georgetown, 12 miles; to Paris, 18 miles;
gauge. Owns 39
Nicholasville, 12 miles. 50 to 80-lb. rails. Standard
and
cars
express
3
and
passenger
interurban
15
cars.
open
closed and 17
4 miscellaneous cars.
Bacon,
W.
F.
V.-P.,
Phila,.;
Chandler,
M.
OFFICERS.-Pres., Percy
James K. Trimble,
Lexington; Sec., T. D. Murray, Lexington; Asst. Sec.,
James W.McMeekin,
Phila.; Treas., J. Will Stoll, Lexington; Asst. Treas.,
826, 1119; V. 95
631,
V.
p.
94,
Lexington.-V. 92, p. 1178, 1436, 1564;
p. 1472; V. 97. p. 237; V. 09, p. 1130.

as to make
complete the road, and subsequently amended its order so
restrictions and specifications more definite.
net,
$24,070;
gross,
EARNINGS.-For 12 mos. end. June 30 1914,
deficit after taxes. $4,175.
OFFICERS.-Pres., Harvey Masser; Sec. & Treas.. H. S. Norton.
Office, 114 North 14th St.. Lincoln.

LITTLE ROCK, ARK.

LITTLE ROCK RAILWAY & ELECTRIC CO.
Amer. Cities Co. (see under New Orleans) owns 80.87% of corn. and
80.12% of pref. stocks.
on March 17 1903 and is a
ORGANIZATION.-Incorporated in Arkansas
& Electric Co. (granted a new
consolidation of the Little Rock Traction 73,
p. 784), and the Little Rock
V.
franchise on Sept. 28 1901 for 50 years;
unlimited). Operates all
Edison Electric Light & Power Co. (franchise
(2) Lexington Utilities Co.
railways in city and all the electric lighting and power business in
auth. and out, street
Heights.
Pulaski
and
Argenta
ORGANIZATION &c.-Incorp. on June 5 1909. Stock
Rock.
Garland Power & DeSecurities Corp. Does ice and Little
$100,000. All stock is owned by Kentucky
In the latter part of1912 acquired control of the
Ouachita River, 45 miles
electric-light and power and gas business in Lexington. Light and power velopment Co., which controls water powers on
franchises expire in 1916. Gas and ice franchises are perpetual.
from Little Rock. Hydro-electric developments with a capacity of 28.000
h. p. are contemplated. V. 95, p. 1746.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Juullyy:115
00 J
00
:0
00
00
05
5:3
serni-ann $2,7
5%
Common $2,000,000 ($100)
6 J-J
LIMA, OHIO.
Pref6% cum $750,000 ($100).
1
Apr
1933
1,920,000
A-0
g
6
1903
gold
First mtge $2,000,000
WESTERN OHIO RR.
e* Interest at Corn. Germania Trust & Savings
($1,000)
ORGANIZATION.-Incorporated in Ohio on Juno 7 1910 to take over
Bank. New Orleans, Trustee.
vote of stockunder lease the Western Ohio Ry. but lease was canceled by
1,623,000 Apr 1 1938
plant Refunding and extension mtg 1908 6 g A-0
holders on June 28 1915 and the company's electric light and power
at Bank of Commerce & Trust Co..
Int.
$1,and
other
its
($500
all
and
Co.
$5,000,000
Equipment
&
Power
Tr. Co. N.Y
at Sidney sold to the Standard
or
Tr.,
Standard
his,
Mem
c*
of
000) gold
property and assets to the Western Ohio Railway Co. except the stock
at 110 and accrued dividend.
Ohio Ry. had
Stock.-Preferred stock is redeemable
that company owned. Holders of corn, stock of Western
subject to call on 60 days' notice on
are
bonds
mortgage
Ohio
Western
-First
of
Bonds.
stock
for
right to exchange before Jan. 1 1911 their stock
at 1074. Sink,fund of 4 of 1% of outstanding bonds
RR.on basisof 3 shares of Ry.for one share of RR. V. 90, p. 1556. 29,278 any interest period
Aug.31 1915.$80,000 were held in sk. fd.
1908 to 1917; 1% thereafter. On
shares were so exchanged. Stock auth., $1,000,000; issued, $972,600.
bonds cannot be called; $2,000,000 are reserved to
extension
&
refund.
The
of cost of additional property if net
80%
for
EARNINGS.-For fiscal year ending June 30:
remainder
--Dividends- Balance, retire 1st 5s and
Net (after
been twice the annual int. charges on outGross
12 mos. previous haveissued.
A sinking fund of 4 of 1% on out
Interest. 1st Pref. 2d Pref. Surplus. earns. forbonds,
Earnings. Taxes).
be
Yearthoseto
incl.
standing
$670,864 $249,322 $162,360 $33,110 $27.000 $26,852
g Aug. 1 1913 is to be invested in these bonds at
1913-14
24,621 standing bonds commencin
27,000
alive in fund. On Aug. 31
32,492
151,504
608,972 235,617
1912-13
44% basis, bonds to be kept
a
than
higher
not
M. J. Mandelbaum, 1915 $12,000 were held in sinking fund. The first $1,000,000 issued as
OFFICERS.-Pres., J. L. Wolf, Cleveland; V.-P.,Lima;
of baord of directors at
discretion
at
Treas.,
&
be
Sec.
to
6s; rate on subsequent bonds particulars
Cleveland; V.-P. and Gen. Mgr., F. D. Carpenter,
regarding bonds, property. &c..
not exceeding 6%. See full
H. C. Lang.-V.92, p. 1376; V. 93. p. 287.
in V. 87, p. 414.
to and including July 1915.
Dividends.-On pref.,6% per annum paid up
(1) Western Ohio Ry.-A trolley road.
1910,8%. In 1911.
This is one On com. 1908.2%; 1907,4%;1908,44%;1909.8%;
ORGANIZATION.-lncorporated in Ohio on Oct. 111900.
10%.
to 1915, incl.,
from
1912
car
service
In
through
the
in
20%.
link
a
forms
and
roads
m
Mandelbau
of the
carried in 1913. 14,092,908):
private right-of-way.
EARNINGS.-For calendar years (pass.
Cleveland to Lima. Outside of municipalities has
Int. clic.
common and prof. stock
Franchises in towns are for 25 years. Owns entire 157,
- Surplus.
--Dividends
deduens.
Has
contract
381.
p.
97,
83,
Net.
V.
By.
Toledo
&
Gross.
Findlay
Yearof the Lima
Traction, Ft. Wayne 1914..__j873,972 $402,086 $178.353 pref.$45,000; com.$150,000 $28,733
to furnish power until April 30 1923 to Lima & Toledo
150,000 62,939
corn.
45,000;
& Eastern Traction.
1913____ 894,460 427,572 169,633 pref.
Van Wert& Lima Traction and Indiana Columbus
12.10 miles of doublecontrolled through
Was leased to the Western Ohio RR., by which it isremarks
39.59 miles of track, including22
-Operates
ROAD.
le and
above.
semi-convertib
See
1915.
stock ownership, but lease VMS canceled in
and over. 26 open,37 closed,
about 6 miles from
stock redeema- track. Rails,65-lb.
Stockholders ors June 28 1915 voted to make the 1st pref.
cars; total, 92. Operates Forest Park, located
work
7
the
when
stock
the
retire
to
position
in
company
the
ble at 10734 to put
the centre of the city.
$2,500,000 1st M. bonds mature on Nov. 1 1921 and arrange a compreV.-P. & Treas., W.L. Hemingway;
OFFICERS.-Pres..D.H.Cantrell;
hensive financial plan.
W. J. Thorp.-V.92, P. 701; V. 93, p.
Gen. Mgr., Chas. J. Griffith; Soc.
P. 1898; V. 100, p. 1510.
97,
V.
.
Maturity.
104
Outstanding
Interest.
Date.
V.
BONDS96, p•
STOCK AND
1725; V. 95,P. 1746;
$30,000
Common $30,000 ($1)--teat.
See
476,000
____
Q-J
cum
7%
($100)
$500,000
1st pf
450,000 Jly'14,1 %
2d pf $500,000 ($100) 6%, cum ____
LONG BRANCH, N.
2,500,000 Nov 1 1921
5 g M-N
1st M $3,000,000 g ($1.000)1 1901
C CO.
Co., Cleveland.
Trust
Sc
Say.
at
Cit.
.
c*&rtfrnt
MONMOUTH COUNTY ELECTRI
m
$26,500 per
N.
Y.
Bank,
National
First
April 1 1901 as a reorganization of
or
Trustee,
ORGANIZATION.-Incorporated Long
Branch Electric By. In April
25,000 July 1 1930
&
6%
Bank
Red
Collateral trust mortgage 1910
Highlands
the Atlantic
in Long Branch, in contflCieveland Trust Co.. Trustee.
a 45-year franchise to operate1%
$500,000
granted
was
1903
of gross receipts.
1925
1
4
July
of
357.000
5 g J-J
L F & T 1st mtge 8600,0001 1905
of which the town is to receive
ctf Int. at Citizens Say. & Trust Co.. Cleve- sideration
Outstanding. Maturity.
Interest.
gold ($1,000)
Date.
STOCK AND BONDSland, Trustee,or in New York.
$325,000
($50)
and bonds are not Stock $500,000
500,000 Apr 1 1951
4 8 J-J
1901
Bonds.-The West Ohio 1st M.bonds have no sink. fd.
mtge $500,000 ($1001
V. 76, p. 160.for agree- First
ealInt. at Hamilton Tr. Co., Brooklyn, Trustee.
gold
subject to call. $475,000 have been canceled.areSee
$1,000)
and
Bank and Long Branch and from
Red
convertible into 1st pref.
between
and
in
-Operates
ment among bondholders. Coll. tr. bonds
ROAD.
5s. $475,000 have been Red
stock and are secured by deposit of $30,000 1st
Bank to Oceanic. Total track, 17.71 miles.
bonds are conyear 1913, gross, $100,692; net, after taxes,
converted. No sink. fd.; red. on Nov. 1 1921 at 110.areAs
EARNINGS.-For calendar
collateral will be
$7,994.
verted, proportionate amounts of the 1st 6s which
$15,643; interest, $23,637; deficit,
canceled.
F. Hogan, Brooklyn.-V.72, p. 86, 391.
William
OFFICERS.-Pres.,
ann.,
per
of
$10,500
fund
a
sinking
have
bonds
Tol.
&
indlay
The Llma-F
which began in 1911. Are subject to call at 105. $43,000 have been retired. V. 80. p. 2344.
LONG ISLAND CITY, N. Y.
On 2d pref. first
Dividends.-On 1st pref. regular quer. divs. are paid.
ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
LONG
1914.
incl.
and
July
to
quer,
amount
same
and
1910.
Oct.
Island RR. Indiv.. 14%,Paid
ORGAN1ZATION.-Entire stock is owned by the Long
None since.
and holds majority of stock of the Huntington RR •
St. Marys to corporated in New York
Ocean Electric By., the Northport Traction Co.
ROAD.-Operates from Lima through Wapakoneta and
the
of
stock
entire
and
total
Piqua; a
County By. and the Glen Cove RR. Also owns
Celina;from St. Marys to Minster, and from Wapakoneta to a
through line (2.69 miles), the Nassau
Rapid Transit Co. owning the other
of 82.01 m.; also Lima to Findlay. 31.97 in.; thus completing
one-half the stock (the Interborough
to Toledo. Total, 113.98 m., single track. Standard gauge. Operates half) and bonds of N. Y.& L. I. Trac. and Long Island Elec. By.
Interest. Outstanding. Maturity.
Date.
BONDS28 passenger. 30 freight and 4 express trail cars.
STOCK AND
All owned by Long Island RR.
Stock $25,000($100)
OFFICERS.-Pres.,F. D.Carpenter, Lima; V.-P., J.0. Wilson, Cleve.;
1945
None
44 g
1905
01
1426,
$10,000,00
504.
p.
90,
V.
667;
pi.
89.
bonds
V.
p.
88,
626;
-V.
Born.
trust
A.
Coll
Sec. & Treas..
nttJU. S. Mtge. & Trust Co., N. Y., Trustee.
gold, guaranteed
1492, 1615; V. 91. p. 40, 155, 872; V. 94, p. 1450; V. 99, p. 895.
and interest, by Long Island RR.
Bonds.-Are guaranteed, principal
-P..0.L. Addison; Sec., Frank E.
OFFICERS.-Pres. Ralph Peters; V.
ia.-V. 83, p. 890.
,
Haff. N. Y.: Treas., J. F. Fahnestock Phliadelph
LINCOLN, NEB.
(1) Huntington RR.
Majority of stock is
13
1890.
May
Chartered
ORGANIZATION
Cos. All the bonds are owned by L.I.RR.
THE LINCOLN TRACTION CO.-A trolley road.
owned by Long Isl. Consol. Elec.
consoli. Maturity.
a
Is
Outstanding
in
1909.
Interest.
Date.
in
ated
Nebraska
-Incorpor
BONDS-.ATION.
ORGANIZ
STOCK AND
V.88, pi. 506. Stock
$30,000
dation of the oh{ Lincoln Traction and the Citizens' By. Co. 110
$30,000 ($10)
in the new
26,000 June 1 1920
1890 5 J-D
Holders of the old Lincoln pref. stock ($700,000) received for every
share
($500)....c1Interest paid by Treasurer. Philadelphia,Pa.
bonds. Holders of the old Lincoln corn. ($330,000) received,
Holders First mtge $30,000
Metropolitan Trust Co., Trustee.
of old two shares of new pref. and four shares of new common.
in
gross, $48,283; net, after
EARNINGS.-For year ending Dec. 311014,
of Citizens' By. stock ($415,000) received 100% in new prof. and 80%
deficit, $5,108.
$1.427;
taxes, def. $3,834; charges,
new common.
from Huntington to
line
affirmed
Court
land
Supremo
cross-is
Nebraska
1912
a
3
operates
Jan.
and
-On
-Owns
ROAD.
Favorable Decision.
the State, Amityville,
via Farmingdale, 18.6 miles. Opened for traffic Aug. 25 1909.
the decision of the lower Court in quo warranto proceedingsitby
having been V. 89, p. 593.
refusing to order the cancellation of $1,500,000 stock, 93.
p. 1363.
claimed the same was"pure water." V.94. p. 912;see also V.
(2) Ocean Electric Ry.
May 1 1897. Entire stock Is owned
ORGANIZATION.-Incorporated
Interest. Outstanding, Maturity
are owned by Long Island
STOCK AND BONDS- Date.
Long Island Consol. Elec. Cos. All the bonds
by
M-S
June
'15,1
$1,652,000
($100)__$2,000,000
Common
Rockaway Village RR. Co.
acquired
211803
On
Sept.
'15,1
Aug
RR.
Q-F
1,138,100
Prcf $1,500,000 ($100) 6% cu_
Outstanding, Maturity.
Interest.
193
5 g J-J
1,188,000 Mar 1
STOCK AND BONDS- Date.
1st mortgage $1,500,000 gold j 1909
,000
c&rtflInterest at New York Trust Co., trustee.
Stock $50,000($100)$35
(11,000)
A:(3
20,000 Apr 1 1918
5
1898
1920
1
Jan
ntf
250.000
$20,000___
5 g J-J
First mortgage
Ola Lincoln Traction M g $1,- 1899
net, after
c*tf Interest at New York Trust Co., Trustee.
COO) ($250,000)
EARNINGS.-For year ending Dec. 31 1914,,gross, $160,665;
surplus, $33,286.
$32,001;
$122;
deductions
reserved
$250,000 are
taxes, $65,165; other Income,
Bonds.-Of the new Lincoln Traction Co. bonds,
cost.
of
3 others.
and
at
85%
and
impts.
cars
extensions
25
passenger
for
track,
first
are
of
miles
$62,000
and
liens
prior
for
ROAD.-Owns 8.42
1 1915.
Dividends.-1X% paid quer. on pref. from May 1 1909 to Aug.
Ilf.-A trolley road.
Paid Mar. 15 1914 and
($) Long Island Electric
Co. ang
Transit
Rapid
Inclusive. On common,2% paid Sept. 1912, 150
gh
the
to
Interborou
passed
In Jan. 1906 control
one-half
1% paid Sept. 11914. In 1915, March, 1%; June, 1%.
Long Island Consolidated Electrical Companies, each owning
30 1915, gross, $874,748; net, the
bonds.
and
EARNINGS.-For year ending Junosurplus,
the stock
$70.143.
$190,311;
New York & North
$260,454; int., taxes & diva,
ORGANIZATION.-Chartered March 13 1897 as
with the former Long Island
ROAD.-Owns 54.59 miles of track.
Shore By. On Oct. 11 1899 was consolidated capital
stock and $2,100,000
$2,100,000
having
J.
company
M.
Bramlette:
Mgr.,
Gen.
&
-P.
V.
Ry.new
Sharp;
Electric
W.E.
.-Pres.,
OFFICERS
Sec., 0. J. Shaw.-V.88. bonds. On 'May 7 1902 the lines north of Jamaica were sold underinforeSec., J. H. Humpe; Treas., S. H.Burnham; Asst.
the
was then merged
closure to the Queens By. Co., which company 1903
p. 506; V. 90, p. 1363; V. 91, p. 94; V. 94, p. 912; V. 97. p. 521. 1898.
old name of "Long
28
New York & Queens County By. On Aug.1909
stock was reduced from
Island Electric By. was resumed. In Aug.
n of $1,500,000 stock originally issued
$2.100.000 to $600,000 by cancellatiosubsequent
OMAHA LINCOLN & BEATRICE RY.
ly became the Queens By.
of road which
of which 7 miles to represent the piece
County By. V. 89, p. 42, 593.
Queens
&
Y.
Is to Construct 56 miles between Lincoln and Omaha,
N.
the
of
part
forms
now
and
the
Of
in
and
operation.
completed
is
Heights
Bethany
to
from Lincoln
Outstanding. Maturity.
le
STOCK AND BONinto the main business
7 miles just mentioned, )( of a mile is an extension
Franchises. Stock $600,000 ($100)------ ---------------$600,000
centre of University Place. Standard gauge. 70-lb. T rail. outstandin
600,000 June 1 1925
5 g J-D
1895
$600,0001
M
1st
g,
Elm
I
L
($100);
$2,250,000
auth.,
Stock
99 years and perpetual.
c&r_ ntfi Hamilton Trust Co., Brooklyn, Trustee.
granted permission.
($1.000)
New York.
Treasurer,
$200,000. In March 1913 the Nebraska By. Comm.$2,250,000
by
paid
Interest
i
bonds to
with certain conditions, to issue $850,000 stock and




SEPT.,1915.]

ELECTRIC RAILWAYS

1

EARNINGS.-For year ending June
30 1915, gross, $248,669; net, after
STOCK AND BONDS- Date.
taxes, $9,043. In 1914, gross, $246,5
Interest. Outstanding. Maturity.
ROAD.-Comprises 26.56 miles of63; net, after taxes, $3,404.
Stock $100,000,000 ($100)track on 17.34 miles of road from First ref
$74,000,000
Crescent Avenue, Brooklyn (at the
mtge $100,000,000 1911
terminus of the Kings County Elevated),
5
M-S
32,675,000 Sept 1 1961
to Jamaica, Hollis and Queens, and
gold see text
c* tf Int. at U.S. Mtge.& Tr. Co..
from Jamaica to Far Rockaway. 36 Pac
N. Y.,Trustee
passenger cars and 8 others.-V.
El
Co
1st
mtge
$10,000
,83,P.818; V.88.P. 101; V.89,P.42,593
5 g J-J
8,439,000 Jan 1 1942
000 gold ($1,000)_ _c_ ntf 1902
(4) New York & Long Island Traction.-A trolley
at Union Trust Co., San Fran., Truste
Los Ang & Pas El By M $1,- Int.
e.
road.
On June 20 1905 control was purcha
1898
5 g J-J
950,000 Jan 1 1928
000,000 g guar ($1,000) c* Int. at Ill.
Rapid Transit Co. and the Long Island sed jointly by the lnberborough
Tr. & Say. Bk., Chic., Trustee.
Cense]. Elec. Cos. V.80. p. 2622.
Can be called at 105_ _ _ ntf
or
at
Chase
Nat.
ORGANIZATION.-This was formerly the
Bank,
New York.
NI
Mineola Hempstead & Free- Ont & San Ant Heights let M 1910 6 F-A
port Traction (incorp. Feb. 27
240,000 Feb 1 1935
$1,000,000 ($1,000) s f_ ntf Int. at Southe
1899), bat name changed as above Sept.
1902, and stock increased from
22 Pas & Mt
rn Tr. Co., Los Aug., Trustee.
L 1st M $500,000 1900
00 to $1,000,000.
g
4
Fare Decision.-On June 15 $125,0
J-D
500,000 June 1 1930
gold ($1,000)
1912 P. S. Comm. 2d Dist., decided that
c*_ntt
company is not obliged under its
at Union Trust Co., San Fran.. Truste
Pacific By 1st mtge gold Int.
e.
between Hempstead and Belmon franchise to limit itself to a 5-cent fare Cal
1901
5g
480,000 July 1 1941
($1,000) guar
Park. V. 94, p. 1696.
c ntf Int. at Co.'s
office
See suit against the company int which
in
N. Y.& Chase Nat.Bk.
Los
Angele
s-Pad/
Count
le
Judge
y
RR
James
P.
first
Niemann
1898
held that the company, under
5 J-D
10,000 June 101928
mort gold $1,000,000c*.ntf Int.
its franchise, could not charge more than
at Citiz. Tr.& S. Bk., Los Ang.,Trustee
10 cents for a 10-mile ride,
Los Ang-Pac RR lst con mtge
.
in V. 99, p. 407.
1901
5 A-0
1,465,000 Apr 1 1931
STOCK AND BONDS- Date,
$1,500
,000
g
($1.00
0)
_ _ntf Int. at
Interest. Outstanding. Last Div. Los Ang
r Nat. Bank, San Francisco.
Common, $750,000 ($50)Her 13 & Red 1st M 1902 Crocke
g
5
$750,0
M-N
00
74,000
Pref 5% cum $250,000 ($50)May 1 1942
$500.000 gold ($1,000)_ ntf Title Ins.
250,000 No div. yet Los Angele
& Tr. Co., Los Ang., Trustee.
First mtge $1,000,000 gold{ 1902
s-Pacific RR first 1 1903
434 g M-N 1,000,000
5 g M-I3
3,313,000 Sept 1 1943
1 1942
and ref mtge $5,000,000i
($1,000)
c&r_ntf Interest paid by Treasurer, NewNov
Int.
at
Los
Angele
York.
s Trust Co.. Trustee, or at
gold ($1,000) s f_ _ _ _c*_ ntf 1 U.S.
Citizens'Say.& Tr. Co., Cleveland,0..Trus.
Mtge. & Trust Co., N. Y., Co-Tru
Bonds.-Are subject to call at 107 on
s.
days' notice, but no sinking fund. Los Angeles Pacific Co gen( 1906
1,263,000 Jan 2 1946
EARNINGS.-For year ending June30
consol mtge $12,500,000{Int. at 5 g J-J
30
1915,
gross,
$439,4
Union Trust Co., San Fran., Truste
02; net, after
taxes, $77,739. In 1914, gross, 408,729; net,
gold
($1,00
0)
sinkin
g
fund
after taxes, $25,260.
or at Farmers'& Merch. Nat. Bank, e.
ROAD.-Operates an electric line
Los
cs_ ntf
ting Mineola, Hempstead and Los
Angeles, or Chase Nat. Bank, New
Freeport, 7.84 miles. Also operateconnec
An -Pac Co 1st ref mtge 1910
York.
s
line
from
Hempst
ead west 5.58
4 g J-J
miles to Queens, where connec
8,298,000 Jan 1 1950
$20,000,000 g ($1,000) c*tf 'Union Trust
is made with the tracks of the Long
Co.
Island Electric Ry. Co. Also ation
of
San
Fran.,
Los
Truste
Ang
e.
& Redondo 1st mtge 1902
line 17.01 miles long from Freeport westerly
5 g J-J
via Rockville Centre,Lynbrook and
500,000 Jan 15 1932
$500,000 g ($1,000)-c*-nt
Valley Stream,to a connection with the
at Union Trust Co.,San Fran.,
Kings County Elevated By. at
Riverside & Arlington 1st Mf Int.
Trustee.
Brooklyn. Also a line from Queens
1899
4
F
-A
Mineola via Jericho Turnpike,
to
14
200,00
$200,000 gold
5.86 miles. Total, 36.29 miles. Total,
ntf Int. at Union Trust Co., San 0 Aug 14 1919
including second track, 41.31 miles.
Fran.,Trustee,
San Bernard. Vail Trac 1st M 1901
5 A-0
OFFICERS.-Pres., C. L. Addiso 30 passenger and 10 other cars.
gold $250.000
cs_ntf Title Ins. & Tr. Co., 44,000 Oct 1 1931
n, Penn. Sta., N. Y.; V.-P. & Gen.
Mgr., W.0. Wood,Long Island
Los Ang. Trustee.
San Bernardino Valley Tr 1st) 1903
City,
N.
Y.;
Sec.
Treas.
&
,
5
Frank
g
M-S
E.Haft,
Penn. RR. Station, N. Y.-V.
833,000 Sent 1 1933
& ref mtge $1,000,000 gold }Int. at Los Ang.
84, p. 868; V. 88. D. 101; V. 94, p. 1696;
Tr.& S. Bk. of Ca .,Trust
V. 99, p. 407.
sink fund ($1,000)cs&r.ntf
ee
Redlands St By 1st M g $50,- 1899 6
NEW YORK & QUEENS COUNTY
50.000 Aug 1 1919
000 ($1,000, &c) redeem Title Ins.F-A
RY.
&
Tr.
Co.,
Los
able
at par
32,048 shares out of total issue of 32,350
Int.at First Nat.Bank,RedlanAng.. Trus.
is owned by the Interborough Redlands 13t Ry 1st M _ntf
ds,Cal.
Rapid Transit Co., which also owns
gold 1901
5 M-S
f of the stock of the Long Island
27,000 Sept 1 1931
$150,000
Electric By. and the New York & one-hal
ntf Title Ins. & Tr. Co., Los
Long Island Traction.
Ang., Trustee,
Int.
ORGANIZATION.-Incorporated June 29
at
First
Nat.Bank,Redlands,Cal.
1896 and reorganized on Redlands Central By 1st M 1907
June 30 1899. Purchased the various
110,000 July 1 1937
gold $500,000 ($1,000).ntf Int. at 5 J-J
of railroad in Long Island City
known as the Newtown Ry. Co., the linesAve.
Los Ang. Tr.&S B.of Cal.,
& Sanfords Point RR., the
Trustee.
BOND
S.
Steinway By., the Long Island City Riker
-Pacif
ic
Elec.
Ry 1st ref. mtge. are to provid
&
Newto
wn
Ry.
and
the
Flushi
e funds to retire
underl
ng-&
ying
College Point By. In May 1902 the Queens
also for acquisitions and for corpor
By. was consolidated with it, bear interesbonds;
ate.purposes. Bonds to
and thereupon increased its stock
t
at
such
rate
or
rates
as
may
$2,500,000 to $5,000
The tors, not exceeding, however, 5% per be fixed at time of issue by direcQueens By. succeeded to the properfrom
ty sold at foreclosure of the,000.
annum. The bonds are issued
New York series, Series "A" being the only
& North Shore Ry., comprising a line
in
series issued. Denom. Series
of 6 miles from Flushing to Jamaic
with franchises for lines between Flushi
a, -other series, $1,000, $500 and $100.
$1,000
ng and College Point, Flushing and
Sinking fund $10,00"A"
Bayaide and Manhasset. V. 74, p. 1197.
Series "A" is subject to call on Sept. 1 1916
0 per year.
or
any
int.
day
The new Queensboro Bridge across
thereafter at
110 and int. Other series subject to call after
Blackwell's Island was opened in fixed
Sept. 1 1916 at price to be
1909. On Sept. 19 1909 the
by board of directors.
of New York's municipal
the bridge began operation. City
across
Pacific Elec. Co. 1st Mtge.-A sufficient amoun
The round trip fare is 5 cents. trolley
t
is
reserved to retire
On Dec. 16 prior
1909 New York & Queens County By. was
Sinking fund 18 $5,000 per
granted a permanent franchise 1907, issues.
, commencing Jan. 1
to run cars over the bridge. Operat
for 5 years; then $10,00 per annumannum
to Jan. 1 1917; $15.00
p. 373. Through passengers only are ion began on Feb. 5 1910. V. 90, annum to Jan. 1 1922; $20,0000 per
0 per
annum
carried
to
across
Jan. 1 1927; $25.000 per
the bridge and no extra annum to Jan. 1
fare is charged.
1932; $30.000 per annum to Jan. 1 1937
and $35,000 annually thereafter, said sinking fund to be used
STOCK AND BONDS- Date.
in
purcha
se
of
Interest. Outstanding. Maturity. fund may be invested in other securit
the bonds, but
Stock $5,000,000 ($100)_
ies if bonds cannot be obtain
$3,235,000
ed at
Los Angeles & Pasadena 1st Mtge.-Bond
Flushing & College Point 1st 1895
s bear the guaranty of the par.
5g J D
Angeles By,by endorsement.
50,000
Los
mortgage $50.000 gold_ __ _ New York
1925
Sinking
fund
of
$10,50
0 per year from Dec. 1
Trust Co., Trustee.
1908 to and incl. 1926, and bonds may be called
Newtown By first mortgage 1894
at 105 on any int. date.
5 g J-D
Pasadena ,56 Mt. Lowe bonds are guar. p.
0 Dec 1 1924
$150,000 gold
New York Trust Co.,150.00
&
I.
by
both
Los
Angele
Truste
and Los Angeles & Pasadena Elec. Ry. A sinking
s By.
e.
Steinway Ry first mortgage
for those bonds beJuly 1 1922 gan 10 years from
$1,500,000. ,
date of bonds of $5,000 per ann.fund
_
Int. at
for first 5 years, $7,500
ty Tr. Co., R. Y. City,
New York & Queens County 1896 Guaran
Trus. per ann. for second 5 years, $10,000 per ann. for
4
g
next
A-0
5
years
1,300,000 Oct 1 1946 per annum for remaining 5 years. Red.
and $12,500
first consol mtg $3,000,000 Mercantile Trust
at 104 and interest.
Co., New York, Truste
California Pacific Ry. 1st Mtge. is for no
e.
gold $1,000 each
Interest at office of company,
stated authorized amount, but
New York. is limited to $20,000 per mile of comple
First & refunding mtge,$10,-1 1906
ted
track.
4
g
M-N
No
sinkin
See text
g fund and
000,000 gold ($1,000)_ _ _csf
1 1936 bonds cannot be called. Guar.D.& 1. by Los Ang.Trac.
r Trust Co., New York,Nov
Co.;see V.75. p.76.
Title Insurance & Trust Co.. Los Angele
Current liabilities June 30 1914Windso
Trustee.
__
4.107,698
Los Angeles-Pacific RR. 1st Mtge.-Red. s, Trustee,
* Includes $3,815,245 bills and accoun
on
any
int.
date at 105 and int.
Sinking fund began June 10 1908 until June
Of the new $10,000,000 mtge., $2,086 ts owing associated companies.
10 1926,$10,500 per year. Int.
,827 are deposited as collateral ibr also payable at Illinois Tr.& Say. Bank,
loans from Interborough Rapid Transi
Chic., and Chase Nat. Bank, N.
Los Angeles-Pacific RR. 1st Cons. Mtge.
Y.
prior liens. No sinking fund and bonds t and $3.065,000 are reserved for began
-Not
callabl
e. Sinking fund
are not subject to call. Under the
April 1 1911 and retires $10.500 annually
'V'. Y.& Queens Co. 1st cons. M.there were
to and incl. April 1 1929.
originally $2,500,000 bonds out- Citizens Trust & Savings Bank, Los Angeles,
standing, but the company,having default
Truste
e.
Los Angeles Hermosa Beach (I Red. Ry. 1st Mtge.tion was made, under which the holders ed in payment of int., reorganiza- Nat.
Int. payable at Crocke
San Fran. Sink, fund
surrendered $1,200,110, interest
was reduced to 4%,and the Mercantile
May 1 1913 and retires $10,50r
Bank,
per ann.
to and incl. May 1 1942. began
Trust Co., N.Y., was made the
0
Not callable.
trustee. The said bonds are redeem
new
Los Angeles-Pacific RR. 1st & Ref. Mtge.
able at 105 and int. V. 69,
-Suffi
p.
906.
cient bonds are
ROAD.-The system, with the Queens
retire prior liens. A sinking fund began
d to
Railway, embraces 73.27 miles of is
in 1908, to which $50,00reserve
trolley track, including main line, 36.92
0
per
payabl
ann,
first
e
5 years. $60,000 per ann. next 5 years,
7.34. Rails 77 to 107 lbs., standard miles; second track, 29.01; sidings. next 5 years,$80,000 yearly
170,000 per ann.
following 5 years,$90.000 per ann.
gauge; 276 pass. ears. 36
next 5 years.
$100,000 yearly following 5 years and
ethers.
REPORT.-For fiscal years ending
$150,000 per ann. thereafter.
June 30;
subjec
t to call.
Not
Gross.
Net.
Other Inc. Int.&Tazes. Deficit.
Los Angeles Pacific Co. Gen. Consol. bonds have a
1914-15
$1,365,041
sink.fund, 1911 to 1915,
$30,963
.$2,006 $345,321 $312,352 $10,000 per ann.; 1916 to 1920, $15,000
1913-14
1,361,880
per
ann.;
1921
209,019
to
1925,
def.286
337,261
128,528 ann.' 1926 to 1930.875,000 per ann.; 1931 to 1944.$80,000 ann., $40,000
OFFICERS.-Pres., W.0. Wood;
and 1945
V.-P., W. L. Pepperman; Sec., H. to 1946, $90,000 per ann. Of the $12,500,000
M. Fisher; Treas., J. H. Campbell.-V.
83. p. 752; V. 84. p. 804: V. 86, served for prior liens. Bonds are not callable. auth., 35,000,000 are reD. 548; V. 88, p. 375.
Los Angeles Pacific Co. 1st Ref. Mtge.-Subject to
call as a whole or in
part on and after Jan. 1 1915 on any
date at 105 and int. on 3 months
MANHATTAN AND QUEENS
notice. Interest payable at companint.
'
TRACTION CORPORATION.
y's office or agency in New
ORGANIZATION.-Incorp. in N.
York.
Sinkin
g
fund
of
$5,000
annum
per
began
Y.
in
1910. $4,481,000 of the bonds
rights and property of the South Shore on Nov. 4 1912 to take over the are guar., p. & 1., by Southern Pacific
Trac. Co. in Now York City (see held in Southe
Co.; remaining 83.817,000 bonds
under Patchogue, and also under Manhat
rn Pacific Ry.'s treasury.
tan & Jamaica By. in V. 95, p.
1207, 420,• V. 94, p. 1696.)
Redlands St. Ry. 1st Mtge. 5% Bonds.
-$50.000 are reserved for the
Asked Public Service Comm.for permiss
us issue of 6% bonds. No sinking funds
ion to issue $1,500,000 stock and. previo
and bonds are not callable.
$1.500,000 1st M.5% bonds, but on
Redlands Central MI. 1st Mtge.-Sinking fund began
March 10 1914 the P. S. Comm. authJuly 11012 and retires
orized only $765,000 capital stock and
$1,000
per
annum
to
July
11917,
$2,000 next 5 years, 83.000 per annum
recommended the issue of $807.0
bonds at 85. Action on the bond issue
following
5
00
years,
$4,000 next 5 years and $5.000 following 5
yrs. Not callable.
should have filed its proposed mtge. for was deferred until the company
Los Angeles & Redondo 1st Mtge.-Sinking fund
$10,000.000 with the consent of Bonds
retires $10,000 per annum.
stockholders. V. 96, p. 790; V. 98, p. 523.
are not redeemable.
San Bernardino Valley Traction 1st Mtge. bonds
ROAD.-Has a franchise in the
are subject to call at 105.
of New York to operate a
surface railroad over the QueensboroCity
street Int. payable at First Nat. Bank, Redlands, and at First
Bridge from the Manhat
Nat. Bank,
Los
Angeles.
tan
thereof, along Thomson Ave., Hoffma
termin
al
n
Boulev
ard,
Bernad
and
San
ino Valley Trac. is: & ref. Mtge. bonds are
other
avenues in the Borough of Queens to the
and
red. at 105. Sink.
boundary line betweestreets
fund retires at 105 and int. 12 bonds during
of New York and the County of Nassau
n
the
City
1913-1
5 (incl.) during 1916 pays
upon the Queensboro Bridge. The line, together with the right to operate off 13 bonds; during 1917 14 bonds; during 1918-2
7 pays off each year 25
has been comple
Island RR.station in the former
to the Long bonds; during 1928-30, 37 bonds; 1931 and 1932 38
village of Jamaica and carsted
bonds each year.
Ontario & San Ant. Heights 1st Mtge. bonds
are In operation
to that point.
are red. at 101 and int. Sink.
fund 1914 and following 4 years I% of outsta
nding
OFFICERS.-Pres., Robt. S. Sloan;
bonds.
2% thereafter.
EARNI
NGS.-For year ending Dec. 31 1914.
V.-P. Harold
Treas. & Gen. Mgr., S. B. Severs
gross, $9,133,286; net,
Weaver; Sec..
Asst. Treas., FrederiB.
ck H. Adler; Asst. $2.814.473.
Sec., G. J. Johnstone.-V. 95, on;
p.
1207,
ROAD
-Opera
.
tes an interurban electric railway system
1274; V. 96, p. 360, 790,
V. 98, p. 523.
863; Los Angeles, extending into
the counties of Los Angeles, San centering at
Bernardino,
Riverside and Orange and serves the cities
of Pasadena. San Bernardino,
Riversi
de. Colton, Redlands, Pomona, Ontari
LOS ANGELES, CAL.
Venice, Ocean Park, Santa Monica, Redondo, Santa Ana, Long Beach.
PACIFIC ELECTRIC RAILWAY.
o. San Fernando, Owensmouth and Lankershim. Total miles operat
All the stock except directors'shares
ed, single track. 1,005.Mr. H. E. Huntington owns conside is controlled by Southern Pacific Co. 771, of which 575.413 miles main track, 313.368 miles second
track and
amounts of the various bond 116.990 miles of sidings and turnouts. Standard gauge.
issues of this company,and has pledgedrable
In
line
them
from
n,
Los
as
Angele
security under the Huntings to San Bernar
ton Land & Improvement collateral trust
59 miles, opened July 11 additio
1914. 1
steam and 49 electric locomotives, dino,
issue.
623
passen
ger
cars.
ORGANIZATION.-Incorp. in Califor
1,228 freight cars,
express
26
cars
and
86
misc.
cars.
3 power stations. 43 sub-stations
of the following subsidiaries of the Southe nia on Sept. 1 1911 as a merger portable sub-stations. Power
and 3
purcha
rn Pacific Co. (V. 93, p.
Pacific Electric By.
and Southern California Edison Co. sed from Pacific Light & Power Co.
667):
San Bernardino Valley
Los Angeles Interurban By.
Tracti
on
OFFIC
0o.
ERS.Pres.
,
Paul
Shoup,
Redlands Central By.
San Francisco; V.-P., A. K. Van
Los Angeles & Redondo By.
Deventer, New York; Sec., H. A. Cullod
San Bernardino Interu
en, Los Angeles; Treas., I. W.
Riverside & Arlington By.
Hellman, San Francisco. Genera
Los Angeles Pacific Co.rban By.
l offices, Pacific Electric
Bldg., Los
Angeles.-V.93. p. 667. 872. 1483; V.
During 1912 acquired the Pacific Electri
95,
io.
750, V. 96, p. 203, 1298,
c
Land
1365,
Co. and the Ontario di
1773; V. 97, p. 522; V. 99, p. 467, 1367,298,
San Antonio Heights RR.
1598, 1675; V. 101, p. 132.
In April 1915 it was reported that the
Riverside Rialto & Pasific RR., or
control thereof, had been taken
LOS ANGELES RAILWAY CORPORAT
over.
ION.
The Cal. RR. Comm. has extend
The entire $20.00__,0 000 stock,
ed to Jan. 1 1916 the time within which owned
except directors' qualifying shares,
to issue the unsold portion
is
by Mr. H.B. Huntington,and,along
4,000) of $2,942,000 let ref. mtge. 5s ent
with certain amounts of differauthorized Nov. 23 1914 and($1,55
bond issues of this company and the
the
unsold
Pacific
portion
Electric By.(see above), is
($1,866,000) of $6,839,000 pledged as security for the
authorized April 8 1913. V. 101,
Huntington Land & Improvement
p. 132.
collateral
trust isaue-see V. 98, p. 527.




62

ELECTRIC RAILWAYS

101.

(from which point cars
ROAD.-40.9 miles of track from SellersburgNorthern
2 1913 to merge the
Ry.& Ltg. Co.)
over tracks of Louisville &
The Los Angeles Ry. Company was organized,Dec.
the City Ry. Co. of Los are run into Louisville
it enters Indianapolis over the tracks of the
place
which
from
Los Angeles Ry. Corporation and its subsidiary
Seymour,
to
denied
cars from
5 1915 the Cal. RR. Comm.
Through
Corp.)
Service
Public
e
(Interstat
South.
Angeles (V. 97, p. 1733). but on March
&
exchange for the $20,000.000 Ind. Col. to Indianapolis were put into operation in 1908. Standard
its application to issue 320.000,000 stock in stock
of the City Ry. and to Louisville
rails.
stock of the By. Corp. and the $5,000,000
T
75-1b.
gauge;
bonds were to be issued in ex, Ind.:
execute a mtge. under which $23,544,000companies
OFFICERS.-Pres. & Gen. Mgr., John E. Greeley, Scottsburg
or bonds assumed by
Scottsburg,,Ind.; Sec., W. A. Gadient, New Albany,
change for outstanding bonds of the two that a modificati
on of the appli- V.-P., Mark Storen,
p. 733
V.
100,
p.
911;
94,
-V.
Ind.
Albany,
New
Gwinn,
them. The Commission's order provided
S.
E.
Treas.,
issued shortly after the denial, Ind.;
cation might be submitted, but in a statement applicatio
n would be made to
V. P. Dunn of the By. Co. said that no new denied applicatio
Y 5c LIGHTING.
n contemLOUISVILLE & NORTHERN RAILWA
issue bonds, nor was any modification of the 901,
West Utilities Co. are in control.
The Los Angeles
982.
Interests identified with the Middleunder
p.
100,
V.
least.
at
[1915]
year
this
plated for
the general railroad laws of
ated
-Incorpor
sucas
ATION.
1910
7
Nov.
ORGANIZ
on
California
in
0 stock of the United
By. Corporation was incorporated
all the city narrow-gauge lines Indiana in Dec. 1905. $0001,000 of theof$1,000,00
cessor to Los Angeles Ry. and acquired
the New Albany Water-Works
Interurban Ry., and Gas & Electric Co. and $232,700 stock
owned by Pacific Electric Ry. and Los Angeles
Has purchased the
mortgage.
company's
this
Pacific
under
Californiaand
deposited
Ry.
are
Co.
those portions of Los Angeles & Redondo
& Indiana Bridge Co. and leases the
line running through Hawthorne electrical equipment of the Kentucky
Ry. Co. lying north of an east-and-west
Angeles. bridge for 25 years, thus affording independent entrance into Louisville.
Los
of
business
railway
street
the
all
comprising
and Athens, thus
business in addition
is on private right of way. All Company does electric lighting and express and freight
V.91, p. 1386. More than 85 miles of track
right of way.
line franchises extend beyond 1940. to passenger business. Road is mainly on private
main line and practically all down-town
Interest. Outstanding. Maturity.
ed
Date.
incorporat
BONDSAngeles,
Los
of
AND
Ry.
City
the
of
STOCK
stock
Owns entire $5,000,000
$3,500,000
n. V. 91, p. 1766.
Common $3,500,000
in Dec. 1910 to build new lines for the corporatio
917,130 See text
Q-J
April 6 1915 the District Prof $1,500,000 Series A& B_
Favorable Decision.-In a decision handed down
J-D
500,000 Dec 1 1925
g
5
to
1905
company
0
the
of
$2,500,00
right
gf
the
sustained
mortgage
Angeles
First
Court of Appeals in Los
&
Say. Bank, Chicago
Tr.
American
at
points
Int.
other
and
c*
($500 and $1,000)
charge 10-cent fares from the city to Eagle Rock, Glassel
Trustee, or at Eliot Nat. Bank,Boston. *
1438.
p.
100,
V.
See
In that district.
of cost of property
80%
for
be
issued
Maturity.
only
g.
can
Outstandin
bonds
Interest.
Issued
Date.
Bonds.-Un
STOCK AND BONDScall at 105 and int. V. 82. p. 868.
$20,000,000
built or acquired. Are subject to
Stock $20,000,000
is 6% cum., the Series B is cum. and
1
1940
stock
Dec
pref.
g
A
14,245,000
J-D
5
1910
Series
ret1
&
-The
1st
Corp
STOCK.
Ry
Los Angeles
Bank, Trustee. is entitled to 2% in 1906, 3% in 1907,4% in 1908,5% in 1909 and 6% in
M $20,000,000 g ($1,000) Los Angeles Trust & Savings
c*
and thereafter.
sinkingfund
of pref. stock
Oct 1 1938 1910
4,700,000
A-0
g
5
1899
$5,000,000
Dividends.-Dividends from July 1 1906 on both classes
M
Los Aug Ry
c* Int. at Union Trust Co.,San Fran., Cal., Tr. were paid at rates called for up to April 1909, when Yi % was paid on both
gold ($1,000 each)
1938
250,000 Dec 1
5 g J-D
amount quarterly since to Jan. 1915.
same
classes;
Los Angeles Trac 1st cons M 1898
Sellersburg, with a line
St. Louis, Trustee.
ROAD.-Operates 2() miles of track, Louisville to
gold $250,000 ($1.000)____ St. Louis Union Tr. Co.,
3,544,000 Feb 1 1941 branching off at Watson and running to Charlestown. Al Sellersburg
5 F-A
City By of Los Angeles 1st M 1911
Bk., Los A., Trus. connects with Ind. & Louisv. Trac. By. Co., running to Seymour, where
$5,000,000 ($1,000) gold.c* Int. at Los Ang. Tr.& S.
So. (Interstate Public Service Co.).
at office of trustee, connection is made with the Ind. Col. & Louisville
and Indianapolis. The
Bonds.-Int. on 1st & ref M. bonds is payable
nt at Anglo & London thus forming a through line between
Bankers Trust Co., New York, and by arrangeme
wn will form part of a through line between
Charlesto
fd.
sk.
to
have
Bonds
Louisville
call.
from
to
line
subj.
not
T rail.
70-1b.
Paris Nat. Bk., San Fran. Bonds are
gauge.
Standard
.
in
Cincinnati
be
invested
and
of $10,000 per month (incl. s. f. on underlying bonds) to securities; first Louisville
V.-P., Frank Smith; See., Ira
OFFICERS.-Pres., Chester P. Wilson;
first & ref. bonds at 105 and int. or less, or in approved
J. F. Stratton. New Albany,Ind.
Treas.,
is;
Indianapol
held
are
bonds
of
all
3505,000
alive,
Guthrie,
& ref. bonds purchased for s. f. to be kept V. 95, p. 1273. On 30 days' E.
V.82, p. 509, 868; V. 94, p. 1626.
In sink. fund. V. 92, p. 262; V. 94, p. 1383;
N. Y. Int.
notice int. may be made payable at the National City Bank,
Electric Co.
(1) United Gas &-Incorpor
New York. $300.ated in Indiana in 1902 and acquired the
on the Los Angeles Trac. issue paid at Chase Nat. Bank,
ORGANIZATION.
By. Co.of L. A. 1st M.
Light, Heat & Power Co.,
000 Los Angeles Ry. M. bonds in sink. fd. ofCity
& Coke Co., New Albany
Gaslight
Albany
bonds
New
of
amount
principal
annum
per
Gas & Coke Co. and Jeffersonville
bonds have a sink. fd. 2%
Electric Light, Heating,Louisville
lle
Jeffersonvi
Southern Indiana Trac.
&
the
beginning Jan. 1 1916.
controls
also
; net, Light & Water Co.;
-lighting business in New Albany and
EARNINGS.-For year ending June 30 1915, gross, $6,326,053
surplus, Co. Does entire gas and electric
Fulton, Silver Grove and Clarkville.
after taxes, $1,939,424; interest, $1,002,083; sink. fd., $120,000;
Jeffersonville, and supplies also Port
and 50 years in Jeffersonville from 1902;
$817,341.
60, 72, 87 and 116-1b. Franchises,45 years in New Albany Guarantees the $250,000 first mortgage
PROPERTY.-Comprises 389.08 miles of track;
of which 474 are of P-A-Y-E in other towns from 20 to 40 years. Co.
rails. Owns and controls 878 passenger cars,
By.
Street
Albany
favorable
New
Has
bonds of
typo, 174 center and 230 misc. cars, and 102 work cars, &c.
Interest. Outstanding. Maturity.
distributed
STOCK AND BONDS- Date.
power contract with the Pacific Lt. & P. Co., the current being
$1,000,000
432.56 Stock $1,000,000($100)__
through the corporation's own transmission system, comprising
682,000 See text
g J-J
5
1902
First mtge $750,000 ($1,000) Interest
miles of line and 10 sub-stations.
American Trust & Savings Bank
at
Howard
Mgr.,
&
Gen.
-P.
c*
V.
n;
Huntingto
E.
II.
,
gold
OFFICE RS.-Pres.
Eliot Nat. Bk., Bee.
at
and
Trus.,
p.
95,
Chic.,
V.
n.
1383:
.
94.
Huntington; Sec. & Treas., 0. A. Henderson -V.
705,000 See text
5 g J-J
p. 1348, First consolidated mortgage 1904
1273; V.96, p. 487. 1365; V.97, p. 521, 1733; V.98, p. 523; V. 100,
American Trust & Savings Bank.
at
Interest
and{
($500
gold
$1,500,000
1438; V. 101, p. 370.
c* l. Chic., Trus., or at Eliot Nat. Bk., Boston.
$1,000).
are reserved to retire a like amount of
Bonds.-$682,000 first consols
for future betterments and improvements
LOUISVILLE, KY.
reserved
are
5s; $65,000
first
issues mature serially from 1907 to
Both
company.
retired.
-A holding
have been
LOUISVILLE TRACTION CO.
and int.; the new consols
July 5 1903 and and $48,000
of 1902 may be called at 105
ORGANIZATION.-Incorporated in New Jersey on
of 1942, but the bonds
int. See V. 79, p. 2458.
Holders
and
Co.
By.
105
Louisville
at
the
1924
of
stock
1
the
of
July
all
after
acquired practically
callable
are
three
received
30.
cash,
in
June
$55
of
common stock of Louisville By., on payment
EARNINGS.-For years ending
of old stock held.
1913-14. 1912-13. 1911-12. 1910-11.
shares of new common stock in exchange for each share
By. received share for Gross earnings
$334,730 $317,625 $312,682 $299,369
Holders of the old preferred stock of the Louisville
com200,702
192,921
new
The
202,361
common.
in
taxes_ _ _ 221,579
and
expenses
share of new preferred, with a bonus of 20%needed
Operating
money to be used for
pany provided the Louisville By. Co. with
stock
$106,448
$111,980
common
$115.264
$113,151
$1,100,000
issuing
company
railway
Improvements, the
Net earnings
66,175
71,393
73.809
common stock of
76,728
therefor. See V. 79, p. 968. In April 1907 authorized
$12,000,000 to $15,000,000. V. 84, Interest
the Traction Co. was increased from
to
$40,273
$40,587
$2,500,000
from
increased
was
$41,809
$36.423
stock
preferred
Balance
p. 931. In April 1908
rs at par, all
;;Sec., Ira E.
V.-P.,
OFFICERS.-Pres., Chester P. Wilson;
$3,500,000 and the additional 31,000,000 offered to stockholde
Treas., J. F. Stratton, New Albany, Ind.
of which was taken.
Guthrie, all of Indianapolis;
Kena
is
737,
1466.
85,
and
V.
22
1867,
ed
Jan.
871;
V.82,
p.
P.
incorporat
1794;
was
1236; V. 81, p.
The old Louisville By. Co.
railways in the city of Louisville and -v.80, p.
tucky company, owning all the street
Indiana Traction Co.
Southern
preferred,
and
stock
$2,500,000
common
Sc
Louisville
$5,500,000
has
it
(a)
its suburbs.
the General Railroad
Traction Co. Franchises are
ORGANIZATION.-Incorp. In Indiana under
practically all owned by the Louisville
perpetual.
to the Southern Indiana Interurban Railway
partly for 99 years from 1886 and partly
Laws in 1903, and is successor Street
of
interest
the
in
25 years from Aug. 1
for
Co.
organized
Railway
been
has
By.
Interurban
&
Albany
The Louisville
lines. Up Co. Leases the New
the
of renewal for 25 years) at a yearly rental of $500,
the Louisville By. to construct a system of urban and interurban
$4,000,000 stock (in- 1903 (with privilege
000
preferred stock. V.77,
on
8100
4%
of
divs.
and
taxes
to recent dates no securities had been issued except
and
int. charges
Louis1911
In
Jan.
Co.
in
bonds.
for
Ry.
RR.
$10,000
Louisville
HigNand
to
the
1913)
Feb.
in
acquired
amt.
creased to that
1904
& Eastern RR.(all of whose p. 769. In Sept.In
Dec. 1905 acquired the Jeffersonville City By. See
ville & Interurban IIR. acquired the Louisville
&c., and about all the stock, V. 79, p. 1643. Is
controlled by the United Gas & Electric Co., which see
bonds, construction notes, receivers' certifs.,
1792.
p.
V.
81,
3
on
Jan.
1911.
at
foreclosure
sold
),
Interurban
&
years; also permitted to carry freight.
Louisville
was owned by
above. Franchises owned are for 50
V. 92, p. 59, 262.
Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
STOCK AND BONDS- Date.
$2,000,000
Q4 $11,889,700 Oct '15, 19' Common $2,000,000($10)Common $15,000,000
432,080
($10)
%%
$1,000,000
Oct'15,2
3,500,000
A-0
Pref 6% cum
Prof 59' cum $3,500,000_ _- _ 5 g M-S15 1,000,000 Sept 15 1923
( 1903
Feb 1 1950 First mortgage 31,000,000
4,000,000
-A
F
g
5
1910
1
gold
mtge
gen
Ry
Louisville
at Amer. Trust & Say. Bank, Chicago.
Int.
*
$1,000)-c
Louisville.
Bank,
and
at
German
Interest
($500
f
gold
c*tf
$20,000,000 ($1,000)_ _
and U. S. Trust Co., Louisville, Trustees.
6,000,000 July 1 1930
0 5 g J-J
1
Louisville Ry cons M gold189
250,000 Aug 1 1927
5 F-A
Bank of Commerce, N. Y.; New Albany St Ry 52500001 1902
$6,000,000 (list N Y)_c*tf mt. at National
at U. S. Trust Co., Louisville, Trustee.
fInt.
nt..
i
and
in
pr
guar
Fidelity-Col. Tr. Co., Louisville, Trustee.
($1,000)
to
1
1940
2,000.000 Mar
M-8
sk.fd., but are subj. call after 10 yrs. at
Louisville By 2d mtge, $2,- 1900 43.6 g
Bonds.-lst M.bonds have no
Bank, Louisville.
New Albany St. By. bonds are subj.
000,000 gold ($1.000)_ _tf Interest at German
& int. See V. 77, p. 769, 2339.
105
retire
to
reserved
are
of
1910
and are guar. by United Gas & Elec.
bonds
int,
mtge.
Bonds.-$8,000,000 of the gen.
call on any int. date at 105 &of track,
improvements. Bonds are to ROAD.
including 10;,5 miles leased from
33 miles
s
-Operate
prior liens; the remainder is for extensions andLouisville,
trustee.
By. and also line between New Albany and Jeffersonnot subject to call. Fidelity-Col. Trust Co.,
the first semi- New Albany Street in
Jeffersonville. An extension to Louisville was comDividends.-On Traction pref., 5% per annum. On corn.3%.
lines
city
and
ville,
In 1906,
with "Big Four" RR. for the use
0, was paid Oct. 1 1904. In 1905,
annual dividend, 1y,7
pleted in Sept. 1905. Has a contract Louisville
to 1915, incl.. 4% per ann.
Railway Co., allowing its
and with
/. In 1907.4%. In 1908.3%. 1909
40
miles of its bridge over Ohio River
an interurban terminal on Third St..
erected
Has
-The Louisville Ry. Co. owns 17535 miles of track on 773
ROAD.
Louisville.
enter
to
cars
Affords entrance
75 and 77M lbs.
rails,
girder
T
and
lbs.;
90
rails,
of street, with 1334 miles outside city limits; all is electric.
Girder
and Lou. & Sou. Ind. Louisville.
& Ltg. Co.-V.81,p.1792.
into Louisville for the Lou. & Nor. By. & Ltg. Co.
OFFICERS.-Same as for Louisv.& Nor. By.
102 miles of track in JefTrac. Co. The Louisville & Interurban operates
e in Oldham
ferson County, incl. extensions to La Grange and to Shelbyvill
Point, 3
and Shelby counties. An extension from Kosmosdale to West
LOWELL, MASS.
RV.-A trolley road.
miles, is proposed.
Sc FITCHBURG STREET
LOWELL
31.
Dec.
r Street
&
ending
years
for
fiscal
Co.
Railway
REPORT.-Of Louisville
In 1913 W. W. Sargent, President of the Fitchburg Leominste
control.
acquired
See 1914 report in V. 100, P. 975.
associates
and
Ry.,
Balance,
Common
.
etts
Div.
c%
in
1903.
Int.
in
Massachus
Other
Pf.
ated
Net
-Incorpor
Gross
Cal.
ORGANIZATION.
Surplus.
Interest. Outstanding. Maturity.
Year. Revenue. Earnings. Income. Taxes. (5%). Dividend.
STOCK AND BONDS- Date.
$275,000
3125,000 3545,650 $2,943 Stock
1914_$3,166,482 $1,369,818 $180,000 $876,225
$752,000 ($100)_
,829
545,650*51
125,000
852,093
275,000 Jan 1 1926
g J-J
196,814
5
1906
gold!
1,377,757
text)
1913_ 3,226,276
a First mtge (see
to call at 105 and interest.
* In 1913 there was deducted $36,496 for depreciation, &c., leaving
($1,000) no sinking fund_ _1Subject for
$1,000,000, but has been closed
surplus of $15,333.
Bonds.-First mtge. was originally
-P., A. P. Humphrey; Sec. & at $275.000.
OFFICERS.-Pres. T. J. Minary; V.
net, after
V.88. p. 564, 686, 823; V. 90. p. 167, 372, 503,
EARNINGS.-For year ending June 30 1914, gross, $56,482;
Treas.. Samuel G. Boyle.
164,408; V.94, p. 351,826. taxes, $16,784.
p.
105,
93,
V.
322;
977, 1101; V.92, p. 59, 262,
of
a
suburb
d,
Chelmsfor
North
miles
between
14
ROAD.-Operates
1179; V. 96, p. 553, 790. 1015; V. 98, p. 832; V. 100, p. 733, 975,
from North ChelmsLowell, and the village of Ayer, with a spur running
Lowell St. Ry.
with
d
Chelmsfor
at
North
connects
Westford;
TRACTION RV.-A trolley road. ford to
& Leominster St. By. Has 7 passenger
INDIANAPOLIS Ec LOUISVILLE
Indiana as successJr to and at Ayer with Fitchburg
ORGANIZATION.-Incorp. in March 1912 in
other cars.
Co., sold at foreclosure on March 21 cars, 1 snow plow and 2W.
V.-P.,0. F Baker; Sec. & Treas..
W.
the Indianapolis & Louisville Traction
Sargent;
.-Pres.,
OFFICERS
years from
1912. V. 94, p. 911. Franchises in cities and towns are for 50
R. N. Wallis, all of Fitchburg, Mass.
1905; remainder is on private right of way.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$596,200
McALESTER, OKLA.
Common stock $600,000_
576,750
Preferred stock $600,000_
G C.O.
A-0
849,800 April 1 1942
g
5
CHOCTAW _RAILWAY & LIGHTIN
1912
gl
First mortgage $1,500,000
Utilities Corporation acquired control and comMunicipal
Trustee.
Co.,
the
Pittsb.,
Trust
In 1914
($100, $500 & $1,000)_c*tffInt. at Colonial are for impts. and extens.
increased from $750,000 to $1,750,000 and a new general lien
was
stock
$650,200
mon
bonds
M.
1st
remaining
-Of
Bonds.
at 105 and int. Sink,fund of mortgage was created.
at80% of cost. Subj. to pall on any int. date1%
1905 as successor to the
each year to and including
ORGANIZATION.-Incorporated in June
2% per annum begins Oct. 1 1917,increasing
Choctaw Electric Co. Does a freight
thereafter.
Indian Territory Traction Co. and lighting.
annum
per
I%
to
reduced
then
Light and power franchise
April 1 1921,
for
power
after
furnishes
and
net,
$142,951;
business
gross,
311914,
Dec.
EARNINGS.-For year ending
erpetual; railway franchise expires in 1942.
taxes, $46,487. In 1913, gross, $134,522; net, after taxes, $50,631.




SEPT., 1915.]

ELECTRIC RAILWAYS

63

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Bonds.-Int. on bonds is payable at office of A. B. Leach
Stock corn $1,750,000 ($25)
& Co.. N. Y..
$1.750,000
or Bank of Scotland, London. Subject to call
Pref67 cum $250,000($25)
at 105 and int. for sk. fd. or
250,000
any or all at company's option on any int.
Genera lien $5,000,000 gold 1914
day. Sinking fund of I% of
g M-N
250,000 May 1 1954 bonds out began in 1913. V.
($100,$250,$500& $1,000) Int. at co5
88. p. 1199.
's office in N. Y., or City Bank &
EARNINGS.-For 12 mos.
Red at 105 & int__ __c*&r
end. Dec. 31 1914, gross, $359,021; net.
& Tr. Co., Mobile, Ala., Trustees.
$237,895; int. on bonds, &c., $204,910
First mtge $1,500,000 gold 1908
; surplus, $32,984.
5
M-S
894,000
Mar
1938
1
PROPER
TY.-Owns hydro-electric plant (capacit
(6500 and $1,000)
McAleste
r
y 16,000 elec. h. p.,
Trust
Co..
Trustee.
ultimately to be increased to
General mtge ($100,000)elec. h. p.) on Ocmulgee River, near
100,000
Jackson. Transmission lines 24.000
Indianola Ice, Lt & Power
extend to Macon, Forsyth, Jackson, Bibb,
50,000
Barnesvil
le and Griffin, connecting at the last-nam
Bonds.-Of the general lien sink, fund bonds,
ed point with the line
$1,650,000 are reserved to of the Central Georgia
retire prior liens. Sinking fund
Transmission Co. (whose entire capital stock and
of 1% of bonds outstanding or 2% ex- bonds are
pended on property beginnin
owned by Ga. Lt. Power & Rys.), running
g
in
1920.
Int.
on
first
mortgage
bonds
is
Atlanta.
payable at Colonial Trust & Savings Bank, Chicago,
Total length of transmission lines, 125 miles. to Hampton and
-V. 93. P. 1536,
Nat. City Bank,
N. Y., and Mercantile Tr. Co.,
Louis. Bonds are subject to call at 1670.
105. Remaining bonds may be St.
issued, under certain restrictions, for additions and acquisitions. V. 88, p. 1619. $31,000
have been retired
MADISON, IND.
through sinking fund.
MADISON LIGHT & RAILWAY CO.
EARNINGS.-For cal. year 1914, gross, $234,165; net,
ORGANIZATION.-Incorp. in Indiana July 25
after taxes.
$84,777. In 1913. gross, $208,792; net, $81,896.
1896. Operates 4
miles of street railway in Madison and supplies
light and power to Madison,
ROAD.-Operates in cities of McAlester and Hartshor
ne. and an inter North Madison, Hanover and rural district. Franchises expire in 1952.
urban lino, over private right of way, between
STOCK
the
two
AND
cities.
23.26
BONDS,
in.
o
Date.
track. Standard gauge; rail, 66-70-1b. T. 12 passenger
Interest. Outstanding. Maturity.
cars, 7 other cars Stock,$150,000
$150,000
First mtgo $150,000 gold l 1912
OFFICERS.-Pres. & Treas., Russell Palmer, N. Y.; V.-P.,
6 J-J
John T.
100,000 July 1 1942
Schley, Mobile; Sec., B. R. Stephens, McAlester; Gen,
($1,000)
tfi Pittsburgh, Pa., Tr. Co., Trustee.
St. Louis. Office, 41 Wall St., N. Y.-V.88, p. 1619; Mgr.. L. E. Fisher.
Remaining bonds are reserved for add'ns
V. 97, p. 175.
and impts. at 90% of cost.
Sinking fund of $1,000 per annum from
nually thereafter, callable at 102% and July 1 1917 to 1922 and $2,000 anint.
McKEESPORT, PA.
EARNINGS.-For year ending
Dec. 311914, gross, $51,990; net, $14,PITTSBURGH McKEESPORT & WESTMORELAND RY.
818; insurance and taxes, $1,213; bond
int.,
$5,525; surplus, $8,080.
E. J. Weidaman, or Wiedenmann, of Jersey City bought
OFFICER
S.-Pres., Treas. & Gen.
the property at S.
M..14'. Tennis; V.-P., Earl
auction on June 17 1915 for $95,000.
Gwin; Sec. & Aud., M. Robinson
.-V.
Man..
98, p. 1767.
The road runs between Irwin and McKeesport, about
11 miles.-V.99,
p. 467; V. 100, p. 1438.

MADISON, WIS.

SOUTHERN WISCONSIN RAILWAY CO.-A
MACON, GA.
trolley road
ORGANIZATION.-Successor to the Madison
GEORGIA LIGHT.POWER & RAILWAYS.
& Interurban Traction
Co.,
which was incorp. in Jan. 1905, and on Sept.
ORGANIZATION.-Is a voluntar
y
associati
formed
on
1
1905 purchased the
under
MassaMadison Traction Co., which was itself successor
chusetts laws in Sept. 1911. Has acquired all
to the Madison Electric
the corn. stock of Macon Ry.
& Light Co. practically all the
corn. & pref. stocks of Macon Gas Co., By. Franchises expire in 1932, 1938 and 1944. and are practically exclusive.
$3,660,000 (of the $4,000,0001 stock of the
STOCK AND BONDS- Date.
Georgia Power Co. and
Interest. Outstanding. Maturity.
the entire capital stock of the Central CentralTransmis
sion'Co. Also Stock 3100,000_(3100)
$50,000
owns over $1,300,000 6% securities of itsGeorgia
constituent companies issued for Mad & Interur Trac 1st mtge 1906
5
g M-N
620,000 May 1 1931
new construction, &c.
$685,000 gold ($1,000)__c* Int. at Citizens'
Say.& Tr. Co.,Clev..Trust.
Gen
mtge
$2,000.0
STOCK AND BONDS- Date.
00 gold 1907
Interest. Outstanding. Maturity.
5 g J-J
565,000 June 25 1932
($500 and $1,000)
Common $8,000,000 41001_
c* Int. at Merch. Loan & Tr. Co., Chic.,
$7,660,600
Trust.
Bonds.-Mad.& Intorur. Trac. mtge.
Pref $2,000,000 6% n-c ($100)
was for $1,20.0,000, but mtge.
Q-J
500.000
See text
was
closed
and
only
First lien mtge $6,500,0001 1911
$685,000 issued, the balance being canceled.
5 M-S
3,3()0,000 Sept 1 1941 callable on any int.
Whole issue
gold ($1.000)
date
at
c*&r__INew York Trust Co., New York,
102
and
int.
on
60
days'
notice. Originally
Trustee.
bonds had no s. f., but by terms of supplemental
Stock and Bonds.-Pref. shares are callable at 110 and are
mtge. $10,000 was made
and dividend' are listed on Pittsburgh Stock Exchange. pref. as to prin. payable Aug. 20 1912. $15,000 Aug. 20 1913 and $20,000
annually on each
Common stock Aug. 20
is listed on the Pittsburgh, Chicago and London
r until maturity. V. 92, p. 1566. $65,000
stock exchanges. The canceled.thereafte
have been
remaining $3,200,000 first lien bonds are reserved under
Of the gen. mtge., $620,000 are reserved
to retire above prior
careful restrictions liens.
for acquisitions of other securities and for extensions
and impts. Bonds are
secured by deposit of all the securities owned by Ga. Lt.
EARNINGS.-For year end. Dec. 311914. gross,
$273,085; net, after
105 & int. on any int. date on 30 days' notice. Prin.& P.& Rys. Red. at taxes, $86,797.
int. payable at office
ROAD.-Owns 15 miles of standard-gauge track,including
of A. B. Leach & Co., N. Y.,or Bank of Scotland
, London. Annual sk. fd., son,
lines in Madi$50,000 1916 to 1920, $75,000 1921 to 1925 and
and extension to Fair Oaks, Elmside, Lake Park Cemeter
$100,000 1926 to 1940. Madison.
y and South
V. 93, p. 1532. Bonds are listed on Chicago. Pittsbur
gh
and
London
stock
OFFICERS.-Pres., F. W. Montgom
exchanges.
V.-P., Dudley Montgomery;
Sec. & Treas., Warren Montgomery; ery;
Dividends.-Quarterly divs. of 1%% were paid from
Supt., D. Montgomery.-V. 79.
Jan. 1 1913 to Jan. 1 p.501; V.80,
1915, incl.; none since.
P. 1174; V.83, p. 96, 156; V.92, p. 1566.
EARNINGS.-For the 12 mos. end. Dec. 31 1914 interest
and diva.,
$230,853,less all income deductions, in int.
and general expenses,
MANCHESTER, N. H.
&c., $180,121; balance, applicable to dividendcharges
s. $57,732.
MANCHESTER TRACTION, LIGHT & POWER CO.
PROPERTY.-Through controlled companies operates
entire
electric
ORGANI
ZATION.-Incorporated in 1901 in New Hampshire
railway and gas business in Macon; furnishes electric
and comlight and power in prises the several light,
Macon, Monticello, Forsyth, Barnesville, Griffin, Bibb and
power and street railway properties in and
around
Hampton. Ga.; Manchester. The company
also sells a large amount of electricity in
owns the stock of the Manchester Electric
Atlanta.
Co.,
Manchester Elec. Lt. Co., Manchester St. By., Manchest
OFFICERS.-Pres., Geo.P. Toby, N. Y.• V.-P.,
er & Nashua St.
J. D. Everett; Sec. & By. (name
Treas., Wilbur Tusch; Asst. Sec. & Asst.
changed
from
Goffs
Falls
Litchfiel
d & Hudson St. By. in Feb.
Treas.,
'
W.E. Fulcher.-V. 93, 1907), and Manchest
p. 1532, 1668; V. 94, p. 630; V. 95, p. 544;
er & Derry St. By. Manchester St. By. stock
V. 98, p. 912. 1844.
now
authorized and issued, $1,219.500.
(1) Macon Railway & Light Co.
In August 1914 the Manchester Trac.. Light & Power
Entire common stock is owned by Georgia Lt., Power
Co.
acquired
approxim
ately
&
Rys.
94% of the capital stock of the Nashua Light. Heat &
ORGANIZATION.-Incorporated
Power
Georgia on Oct. 23 1902 by the Co.which company does the light,
Railways & Light Co. of America as ain
heat, power and gas business in Nashua.
consolidation of the Macon Consoli- N. H.
dated Street By., the Macon Electric
Light
Franchise
&
By.,
the
s
perpetual
North
& South
.
Macon Street By. and the Metropol
Street By The city ordinance
Manchester St. Ry. Fare Decision.-In Nov. 1914 the
permitting the consolidation, passed itan
N. H.P. S. Comm.
on
the Manch. St. By. to sell tickets with full transfer
franchise. For terms, see V. 75,p. 733. Sept. 16 1902, granted a 50-year ordered
use
to
and
from school at the rate of six tickets for 25 cents privileges for
Control of the Georgia Public Serv. Corp.
or .25 for $1.
in Ga. in May 1912) dating from Dec. I 1914. V. 99, p. 1673.
was acquired in Oct. 1913 by interests friendly(incorp.
to the Macon Ry.& Lt. Co.
The 3-yr. 5% notes were issued to retire $450,000 floating
and Central Georgia Pow. Co. V. 97, p. 1286.
debt
incurred
for
additions to plant and to provide for the construction
In June 1914 Georgia RR. Commission sanctioned
of a new steam
the issue of $700,000 turbine reserve station with an initial capacity
additional common stock, making the total
of 8,300 h. p., including a
new
$1,600,0
steel
00.
tower
transmiss
ion
line on private right of way, and a sub-station
On Aug. 24 1915 the Rit. Comm. denied
petitions of the company at Manchester.
and the Georgia Pub. Serv. Corp. to increase the
electric light and power rates
STOCKIn Macon. See V. 101. p. 694.
Date.
Interest. Outstanding. Maturity.
Stock $5,000,000(2100)Q-J 15
STOCK AND BONDS- Date.
$3.642,600 July 15,2
Interest. Outstanding. Maturity, First consol mtge $2,00(1,0001 1901
5 g A-0
Common $1,600,000($100)$88
1.750,000 April 1 192
gold
7.7
old
($1,000)
00
c*n ttlInterest at American Trust Co.,
See text.
Pref $300,000($100)6% cum_
Boston, Tr.
6 A-0
283,600
See text. Manchester Electric Light Co 1897 5 g A-0
Macon Ry & Lt 1st cons mtge 1903
250,000 Oct 1 1917
5
g
J-J
first
959.000
mtge
Jan
$250,000
1
1953
tf
g $1,000,000 ($1,000) -c*tf Int. at Equitable
Tr.
Goffs
Co.,
Falls Litch & Bud 1st 1906
N. Y., Trustee.
5 g J-D
Macon Elec Lt & By 1st mtge 1899 6 g J-J
200,000 June 1 1926
M gold 3300,000($1,000)tf Int. at American Tr. Co.,
42,500 Jan 1 1929
$100.000 $500) gold _c*tf Int. at Equitable Tr. Co.,
Boston, Trustee.
Y., Trusteo. Man & Derry St By 1st mtge 1907 5 J-D
Bonds.-Macon By. & Lt. st consols are subject to callN.
125,000
Dec 1 1927
on any interest
$500,000 ($1,000) guar tf Int. at American Tr. Co., Boston,
date at 110 and int. $41,000 bonds, $12,300 corn. and
Trustee.
Coupon
$16,400
pref.
notes
stock
$2,000,0
00
1915
5
J-D
g
are held by Savannah Trust Co. to retire the $42.500 bonds
1.000.000 June 1 1918
gold
remainin
($1,000
g out.
& 3500)_ _elf Int. at Amer. Trust Co., Boston, Trustee.
See V. 76, p. 212.
Bonds.-Of the new first consolidated mortgage,$250,000
Dividends.-6% per annum has been paid s.
are reserved to
on pref.. 1903 to Apr. retire the bonds of the Manchester Electric
Light Co. $72,000 of that com1915 incl. On corn. 1st div.-3%-paid July -a.
1910; Sept,, 1%. In pany's bonds have been purchase
d for the sinking fund. The Goffs Falls
1911, Jan., 1)4%; July, 3%. In 1912..6%. In
1913, Mar.. 3%. In- Litchfield & Itudson and the Manchester & Derry St.
formation as to later dividends not available.
Ry. bonds are guar.,
prin. and int., by Man. Trac., Lt. & Power
ROAD.-Owns and operates about 36.63 miles of track, all
The notes are callable as a
of which has whole at 101 and int. on any int. day on 30Co.
been re-laid with 70-lb. rails. 61 cars.
days' notice.
PROPERTIES.-The different roads
EARNINGS.-For years ending Dec. 31:
d comprise 64.121 miles
of track, as follows: Manchester Streetcontrolle
Year ending
Gross
Net (after
Int. on
Railway, 41.368
Pref. Div.
ManSurplus
chester
& Nashua
Dec. 31- Earns.
Taxes).
By. (formerly Goffs Falls Litch. & miles;
Bonds,&c.
(6%).
Hud.
or Deficit. Ry.), 14.335 miles;Street
1914
$455,522
Manchest
$100.016
er & Derry St. By., 8.418 miles. 105Street
$88,086
$17,016
pasdef.$5,086 senger and 3 misc. cars. 4 hydro-el
1913
448.359
95,150
ectric
77,382
plants,
present
capacity
17,016
approx.
sur.752 101000 h. p.; 2 steam reserve stations at
OFFICERS.-Pres., Wm. H. Felton; V.-P., P. G.
Manchester and Nashua, capacity
Gosslor: Sec., E. W. 2,600
Cabaniss; Treas., Richard Oudersluys.-V. 97. p. 1286;
p.
h.
and
2,000
h. p., respectively.
V. 101, p. 694.
Dividends.-First dividend of 3% on
(2) Macon Gas Co.
15 1901; in 1902, 6%; in 1903.
(changed to quarterly). 734%; in 1904,July
6%; in 1905, 6%;
1906, 7%; in
ORGANIZATION.-Incorp.in Ga.in 1852. Was formerly
1907,
834 %;190810 1914,incl.,8% per annum. 5% extra in
Macon
Gas
div. in 1911-12.
Lt. & Water
but in Oct. 1011 transferred its
plant to the city In 1915, Jan., 2%; Apr., 2%; July, 2%.
and changed name
Co..to present title. Controls entirewater
gas
business
REPORT.-Of the Manchester Street Ry.for years ending
of Macon
Practically all the $480,000 corn. and $20.000
June 30:
Gross
Lt., Power & Rys. Company has no bonds. pref. stock'is owned by Oa
Net Int.&Tax. *Dividends. Surplus.
1914-15
$454,312 $107,019 $32,596 (6%)$73,170 $1,253
Decision.-On Nov. 3 1914 Judge Mathews in
477,113
Superior Court sus- 1913-14
103,428
30,097 (6%)73,170
tained the demurrer of the company to a petitionthe
161
* This is dividend on Manchester Street Ry.
of two minority stockstock.
holders asking for the appointment of a receiver
and an order directing
EARNINGS.-Of Manchester Trac., Light & Power Co.
the company to sever its relations with the Georgia
for year endLight,
Power
ing
&
June
30
Rys.
1915,
Co.
gross,
$570,380; net, $387,229: other income, $118,880
The petition was dismissed except that part under
which an injunction was taxes, int. & sk. fd., $152,086; divs.
:
granted previously, to restrain the company
(8%). $291.382; suripus, $62.641.
increasing its capital
stock above $500.000. See further particulars from
OPF10ERS.-Pres., E. C. Foster; v.-P. & Gen. Mgr.,
in V. 99, p. 1455.
J.
Brodie
Smith;
Clerk, Edwin F. Jones; Treas., P. L. Saltonsta
EARNINGS.-For years ending Dec. 31:
Asst. Treas., Clement R.
Ford.-V.87, p. 1160, 1420; V.93. p. 1787: V.ll;
Dec. 31
Gross
Net (after
97. p. 117. 176, 1583. 1895;
Interest
Preferred
Balance
V. 08, p. 1157; V. 99, p. 1673; V. 100, p. 1514, 1752,
YearsEatflings.
Taxes).
on Notes.
2009.
Divs.
Surplus.
1914
$147,201
$40,683
$9,388
$1,000
$30,295
1913
139,785
22,539
6,014
10,000
6,525
MARION, ILL.
Has 3 gas holders and over 50 miles of
&c. Output now exceeds
COAL BELT ELECTRIC RY.
100,000,000 cu. ft. per annum.-V.93, p.mains.
942, 1537; V. 99, p. 1455.
In 1904 passed into control of the St. Louis Iron Mtn.& Sou.
By. Co.
(3) Central Georgia Power Co.
STOCK AND BONDS- Date.
Georgia Lt., Power & Rys. owns $3,660,000 stock.
Interest. Outstanding. Maturity.
ORGANIZATION.-Incorp. in Ga.
$300,000
on March 4 1907 as Bibb Pow. Co. Stock $300,000 ($100)and in Jan. 1908 changed name to present title. Began
EARNINGS.-For fiscal year ending June 30 1915, gross,
over. June 1 1911. $10.794;
$Y1,437; net,
taxes, &c., $6,772: surplus, $4,022.
STOCK AND
S.
ROAD.-Operates 15.33 miles of track from
Stock $4,000,000--------- -------------- utstanding. Maturity.
-$4,000,000
Herrin. Standard gauge. 52 to 70-lb. T rail. Marion to Carterville and
Mtge $3,000,000 g ($1,000,1 1908 5 M-N
2,964,000 May 1 1938
OFFICERS.-Pres., Geo. J. Gould; V.-P.,
$500 & $100, or £ equiv- Windsor Trust Co., New
J. Pearson; Gen. Mgr.,
York, Trustee,
J. W. Higgins; Sec. F. W. Wand; Treas., F.E.
alent)
c*&rs_
M. Hickman; Gen. Au d.
.1. G. Livergood, St. Louis; Supt., W.E. Brooks,
Illmo, Mo.




64
MARION, OHIO.
COLUMBUS MARION & BUCYRUS RY.

ELECTRIC RAILWAYS

[VOL. 101.

in Meadville, 163 miles between
ROAD.-Operates 11 miles of track
a 2-mile extension to Conneaut Lake,
Meadvllie and Linesville, incl.
Total track, 70 miles. At
Erie.
and
lle
Meadvi
n
and 42 miles betwee
System.
Linesville connects with the Penn. RR.
gross, $361,701; net,
31
1914,
Dec.
ending
year
-For
NGS.
EARNI
0; net, $106,387.
$83,145. In 1913, gross $373,62
F. F.Curtze,Erie,
-P.,
V.
, N. Y.;
OFFICERS.-Pres., George A. Gaston
le; Mgr.,
an, N. Y.; Treas., Charism Fahr, Meadvil
Pa.: Sec., Wm. Goodm
N. Y. office, 30
le;
Meadvil
l
office,
Oenera
Charles M. Hatch, Erie.
V. 98. 1:.•
237;
74,
p.
p. 420; V.98,
Broad St.-V.92, p. 1033, 1436; V. 95,
1246.

in May 1913 as a reorganizaORGANIZATION.-Incorporated in Ohio
s RE.. sold under foreclosure per
tion of the Columbus Marion ev Bucyru
plan V. 96, p. 1488, 1839.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$350.000
1934
Stock.$350,000
35,000
g
6%
1914
tf
First mtge, $100,000
1944
250.000
text.
See
tf 1914
Gen&Ref M,3350.000, gold
102% and int. on any int. day.
at
red.
are
65
M.
1st
-The
Bonds.
house.
trustee pendingconstruction of powerMEMPHISi TENN.
Remaining $65.000 is held&byref.
mtge. bonds is 3% for the 1st andd 2d
The interest on the gen.years
STREET RAILWAY CO.
IS
MEMPH
ter. 8100.000 reserve to
thereaf
5%
and
4th
and
3d
) owns 86% common and
years. 4%
American Cities Co. (see under New Orleans
96, p. 1488. 1839.
retire 1st M. bonds. V.Gen.
Whysall; V.-P. & Treas.. Jas. H. Caldwell, 88(70 preferred stock.
March 28 1895 and conon
see
OFFICERS.-Pres.,
Tennes
in
537.
R.0. Oswald.-V.99. p. 196,
ORGANIZATION.-Chartered
Troy, N. Y.; Sec. & Asst. Treas.,
East End St., City & Suburban and Memsolidated with the Citizens' St.,
Nov. 1945. Does the
until
run
ses
franchi
lines;
CO.
phis & Raleigh Springs
s of Binghamton,
MARION & SUBURBAN RAILWAY
Why- entire street railway business of the city, including suburb
1909 is in default. In Feb. 1910 Geo.
s.
Memphi
South
Receivership.-Int. due Oct. 1Suit
rs
and
directo
Springs
the
Raleigh
t against
building owned in
brough
been
the
has
ing
(exclud
r.
y
receive
propert
ted
the
appoin
sed
sail was
In Mar. 1913 purcha
s of bonds. The hearing was begun before
ew Trac. Co.(sold at foreclosure
for an accounting of the proceed
Memphis and the car barns) of the Lakevi
ew
at Cincinnati on Oct. 19 1914. V.99, p. 1528.
t to be made in 20-year Lakevi
U.S. District Judge Hollisterporate
25 1906 to build the In Sept. 1912) for $160,000, paymen
Sept.
Ohio
in
d
3% for 3 years,4% for 8 years
-Incor
ON.
years,
2
IZATI
for
ORGAN
ed Traction bonds bearing 2% int.
demand
lines
City
Marion
local
the
to
e
trackag
V.96, p.863.
necessary extensions of
ted; none in operation; no work is and 5% for the last 7 years.
the Supreme Court of Tennessee
by the City of Marion. 13 miles comple
Decision as to Fares.-On Sept. 7 1907
nce providing for
y. rendered a decision holding invalid the Malone ordina
Maturit
being done.
ding.
Outstan
.
Interest
Date.
The Supreme Court has confirmed
STOCK AND BONDScertain reduced fares. V. 85, p. 654.
$250,000
5-cent fare.
charge
to
right
ng
includi
_
s,
00
respect
$250,0
all
in
Stock,
1936 the co.'s franchises
250,000
Court of Civil
5 g A-0
1906
sustained the decision of the
.
e
Court
First mortgage, $259,000,1
Trustee
Suprem
Co.,
State
The
Trust
ati
y was not
Cincinn
at
compan
st
the
lIntere
1915, holding that
gold ($500)
Sinking fund of $5,000 Per Appeals of Tennessee in May its
of 11 for 50 cents.
110.
at
rate
1912
the
call
after
at
to
sold
ct
tickets
-Subje
upon
rs
Bonds.
ed to issue transfe
obligat
Fentress
lor
Chancel
1914
13
Mar.
J.
annum after 1912.
Gay Ordinance Not Yet Enforced.-On
H.Holzbog: V.-P., J. G. Webb; Treas., N.
city from enforcing a vexatious and
0FFICERS.-Pres , Geo.-V.
granted an injunction restraining the
1914.
14
Mar.
ve
1528.
p.
99,
effecti
B.
Hane.
become
H.
have
to
Sec..
was
;
which
Catrow
unreasonable ordinance
912.
For details of the ordinance see V.98, p.Interest
. Outstanding. Maturity.
Date.
SILL.
BOND
OON,
AND
STOOK
MATT
See text
$2,500,000
CE CO.
Common $2,500,000($100)_
CENTRAL ILLINOIS PUBLIC SERVI
City Ry. Preferred $2,500,000 5% cum
See text
Illinois in 1902 as the Mattoon655.
2,500,000
Q-M
5
____
divs
Up
acer
ORGANIZATION.-Incorp.inname
110&
at
($100)red
to the above. V. 91, p.
8,423,000 July 1 1945
its
5 g J-J
s in Cons mortgage $10,000,000 1905
and on Aug. 25 1910 changed
busines
heat
and
e.
power
Truste
Y..
N.
light,
Co.,
Trust
electric
csdrr Int. at Central
to Aug. 1 1912 did merely an
gold (see text)
business in Charleston and Kansas,
906,000 Jan 1 1916
6g
Mattoon and an electric light and power
n and Charleston and an Cite St RR 1st M ($1,000) 1887
York.
New
Mattoo
of
in
Bank,
s
Nat.
railway
Ex.
Am.
street
ng
at
inDi., besides operati
gold no sk fd not red_ _ __c* Int.
two points. But on July 29 1912and
1,000.000 Nov 1 1915
__ 1913 6 g M-N
interurban railway between those00
2-year gold deb notes__
d to retire
to $6,000,000 ($2,500,000 pref.),
bonds, $906,000 are reserve
creased capital stock from 3330.0
properties in CenBonds.-Of the $10,000,000 new are
service
public
nal
$1,000 coupon and
additio
of
ng
denom.
in
acquiri
They
and
bonds.
gas
on Aug. 1 1912 began
RR.
power,
St.
s'
and
light
Citizen
electric
0 Per
fund
doing
$25.00
,
Sinking
tral, Southern and Western Illinois
p. 1744. On $10.000 registered. Are not subject to call.
list of properties see V. 95.
, 1920-24; 840,000 1925-29 and
street railway business. Forref.
& Comm. Tr.& annum, 1910-14: $30,000, 1915-19; 335.000
ntal
p.
82,
Contine
the
V.
See
to
mtge.
alive.
kept
are
and
fund
Aug. 31 1912 made a 1st
$50.000 1930-45. Bonds in sinking
bonds
sinking fund Jan. 1 1915. Of the
Say. Bank, Chicago.
from $6,000,000 ($3,500,000 628, 1496. 3308.000 was held in
M.S.
stock
and
Read
P.
capital
S.
y.
auth.
treasur
ed
the
in
increas
are
00
$177,0
In Nov. 1913
0,000 ($5,000,000 pref.). V. 97, p. reported outstanding,
RR. mortgage.
com. and 82,500.000 pref.) to $10,00
Buckingham are trustees of Citizens' Street
ng
paid from issuance up to and includi
1583.
. Outstanding. Maturity.
Dividends.-On pref. stock 5% was
Interest
Date.
SOn corn., first div.-1%BOND
1257.
p.
STOCK AND
000
1914. None since. V. 100,
Dec.
%;
$4,000,
June,
1914,
In
1%.
Common 35.000,000_
paid Juno 1912. In 1913, Mar., 1%; Dec.,
3,225,000
Preferred 69' cum $5,000,000_ 1912
4,043,000 Aug 1 1952 Dec., 2%%; none since.
5 F-A
ge'
ending Dec. 31:
year
First and refunding mortgac5
T.
-For
York.
REPOR
New
in
Surplus.
e
payabl
.Deduc.
t
Interes
gold ($1,000)
Gross Earns. Net aft.Taxes.etc. Int.Oth
1,021.000
$303,395
$539,283
$842,678
Underlying bonds
$2,005,963
00
1,257,0
1914
278,659
6%
4
508,36
______
3
787.02
1,998,364
10-year gold debentures
1913
3.000.000
1913.
598, against 49,800,069 in is
3-year gold notes
Passengers carried in 1914. 49,976,
doublered. at 105 on any interest date.
miles
are
51.28.
bonds
ref.
which
of
Wand
track,
first
of
-The
miles
Bonds.
p.
ROAD.-Owns 129.56
certain restrictions. See V. 95,are
60 to 80-1b. T to 107-lb. girder,
Additional bonds may be Issued under
track in Memphis and suburbs. Rails
n to amount reported outstanding
cars.
aneous
miscell
27
and
er
1744. $605,000 bonds in additio
passeng
328
Thos. H. Tutwiler; V.-P., L. E.
ille and
In treasury.
OFFICERS.-Pres. & Gen. Mgr.,
Le May.-V.88, p. 564:
in Anna, Mattoon. Taylorv
ROAD.-Owns street railways Tractio
and bonds Wright; Sec.& Treas., W. H.Burroughs; And., L.
stock
whose
Co.,
n
96, p. 863, 1022; V. 99. p. 407, 1748:
Charleston. The Central Illinois
an interurban railway between V. 92, p. 118; V. 94, p. 1627:p.V.
owns
ge,
mortga
the
under
370.
ed
contemplated V. 100, p. 1257, 1752; V. 101,
are deposit
street railway in Paris. It is an
interurban
Mattoon and Charleston and ato
a connection at Paris with
later to extend the interurban
polis.
Indiana
and
Paris
n
MESABA, MINN.
betwee
ng
line now operati
S. Peabody and
F.
-Ps.,
V.
l;
Sampsel
E.
ll
OFFICERS.-Pres., MarshaGraham; Treas., Henry M. Brooks.-V.88,
MESABA ELECTRIC RAILWAY CO.
V.
E.
Sec.,
on;
Hamilt
27 1914 in Mass. as a reorganization
1583.
W.
p.
G.
ORGANIZATION.-Incorp. June
of Minn.
p. 618, 1744; V. 96, p. 1020; V. 97,
of Maine rind the Mesaba Ry. Co.
P. 52; V. 91, p. 655; V. 95,
of the Mesaba Electric Ry. Co.those
companies, assumed their obligatwo
of
y
acquired all the propert
It
Mesaba
the
on
road
electric
freight
PA.
er and
K,
MAUCH CHUNroad.
Buhl,
tions and now operates the passengthe
.towns of Hibbing, Chisholm,
Iron Range, Minn., connectingh,and
about 35 miles.
of
e
distanc
a
,
CARBON TRANSIT CO.-A trolley
Gilbert
rea
Eveiet
as
a,
Virgini
in Pennsylvania
Iron,
in
1908
cMounta
July
constru
in
d
road
steam
porate
with
s,
-Incor
in:town
ORGANIZATION.
16 1908. Road is on private right of way except
Street Ry.sold at foreclosure sale May
1 191g.
organization of the Carboned
Maturity.
tion. Placed in operation March
reconstruction, new equipment, &c., inding.
by
Outstan
.
improv
Interest
being
Date.
is
Sis
Property
STOOK AND BOND
Flagstaff Park on Flagstaff Mountain, which
$1,575,000
cluding the development of ks the picturesque Mauch Chunk.
Common $2,500,000($100)
685,000
850 feet above and overloo
Maturity. Pt 11,250,000(3100)79'(cum.) 1912 5 g M-S
ding.
1,129,000 Mar 1 1932
Outstan
.
Interest
Date.
Mesaba Ry let M 82,500.000J
STOCK AND BONDSBoston, trustee.
Co..
3150.00
Trust
flInt. at Amer.
&c.,
gold ($1,000) sink fd__c*t
Stock $150.000 ($50)
150,000 Aug 1 1938
5 g F-A
reserved for future additions, impts.,
and 1908
Bonds.-Remaining bonds are
& int. Sinking
105
at
1st mtge 3150,000 (3100 Oa Int. at Mauch Chunk Trust Co., Mauch
fund
sinking
for
part
whole or in
a
as
call
to
Subject
$500) gold
.
Chunk, Pa., trustee
bonds certified, begins Jan. 1 1917.gross, $208,804; net,
46.100 June 1 1940 fund,254% of total
1915,
5 g J-D
1910
EARNINGS.-For 12 mos. end. July 31
.
Second mtge $100,000 gold
OW Int. at Mauch Chunk Trust Co., Trustee
.
$91,265
taxes,
after
($100 and $500)
25,954
-P., R. W. Watson; Sec., B. R.
V.
l;
Mitchel
Oscar
1914
,
31
Pres.
Dec
ies
ERS,liabilit
OFFIC
Current
Clement R. Ford; Gen.
be called at 105 and int.on any int.day. Honey;
Treas., P. L. Saltonstall; Asst. Treas.,
Bonds.-First mtge. bonds may
amount on any int. day after June 1
V. 98, p. 1157, 1245; V. 99,
Mgr., R. W. Reynolds.-V. 94, p. 1317;
Second mtge. bonds are red. in any
; net, P. 49, 120.
1915 at 105.
ending Dec. 31 1914, gross, $65,347gross.
EARNINGS.-For the year$11,753
; surplus, $9,082. In 1913,
MICHIGAN CITY, IND.
$20,835; charges and taxes,
surplus. 36.684.
10.798;
taxes
and
charges
;
$51.637t net, $17,481 12% miles of track; 4 cars. Owns about 425 acres
& SOUTH BEND RY.er 1901.
CHICAGO LAKE SHOREized
ROAD.-Comprises
in Indiana Decemb
s."
Height
aff
-Organ
"Flagst
ON.
ORGANIZATI
ng 75 acres on
F.
J.
public except equipment bonds. Rest all
of valuable real estate, includi
V.-P., C. II. Lotta: Sec. & Mgr.,
No securities in hands of used
them as collateral only.
OFFICERS.-Pres., Wm. Dods;
has
1674.
which
p.
90.
te,
-V.
syndica
Mayer.
by
H.
Geo.
owned
Maturity.
Interest. Outstanding
Geiser, Mauch Chunk; Treas.,
STOCK AND BONDS- Date.
$5,000,000
n $5,000,000($100)_
Commo
00
1,000,0
6% n-c
MEADVILLE, PA.
Prof $1.000,000 ($100)
4,357.000 Aug 15 1947
5 F-A 15
1907
e.
let mtge 36,000,000 (31,000) Interes
IA RYt at Cleveland Trust Co., Truste
NORTHWESTERN PENNSYLVAN
See text.
gold
as
50,000
1911
in
March
6%
1908
d in Pennsylvania
ORGANIZATION.-Incorporateut
(a hold- Equipment trust $350,000- Cleveland Trust Co., Cleveland, Trustee.
187
92,
V.
p.
Co.,
Trac.
Lake
Connea
imsuccessor of the Meadville& led companies. the Meadville Trac. Co.(V.92.
d for future extensions andSink.
Bonds.-Remaining bonds are reserve
period.
Franchises
ing company),and its control
to call at 10234 at any int.
escent Lt. Co., V. 92. p. 1033.
years, then 2% of
con- provements. They are subject
10
Affords
al.
p. 262) and the People's Incand
for
perpetu
1917
15
se
Aug.
franchi
begins
ban
Interur
cars.
fund of $50,000 per annum
in Meadville expire in 1944.
The equipment trusts cover 32
with Meadville.
bonds outstanding until maturity.
15 1916 inclusive.
nection for Penn. RR. System
sed the Erie Traction Co. and the Mead- They mature $50,000 annually May 15 1910 to May
Bend and ChiSouth
n
In the latter part of 1912 purcha
betwee
miles
70.86
of
Ry.
total
Street
ROAD.-Operates a
Central RR.,
ville & Cambridge Springs
ses, of which 16 are perpetual, 3 for 99 cago; 6.7 miles Hammond to Pullman, owned by Illinois
Franchises.-There are 23 franchi
& South Bend. 70-1b. T-rail.
expire until 1937.
is leased to Chicago Lake Shore
C. N. WilMgr.,
Gen.
years, and the shortest does not
and
Pres.
Goff;
y.
H.
Maturit
F.
ding.
Interest. Outstan
OFFICERS.-Chairman,
Sec. & Treas., II. 0. Lang; Asst. Soc. &
STOCK AND BONDS- Date.
0000
.000
.
5000.00
31,000
cozen; Vice-Pree., S. H. Telles;
98, p. 386.
V.
1528;
420,
Common $1,000,000($50)_
167,
51,
p.
86,
-V.
Treas., A. Born.
Prof 3500.000($50)5% non-c 1911
650,000 Mch 1 1941
5 g M-S
000
First mortgage $1,250,
N. Y., trustee.
c*tt Int. at Central Trust Co.,
1
1920
Dec
gold ($1, 0 )
0
150,00
MIDDLETOWN, N. Y.
59'
1900
,trus.
People's Incandescent Light Dela.
00.Tr.Safe Dep.& Title Ins.Co.
tf
WALLKILL TRANSIT CO.
on March 30 1905 as
Co 1st mtge
0 Sept 1 1947
250,00
J-D
5
ncorporated in New York
1912
ON.-l
ORGANIZATI
Electric Ry, and
1st M (Erie Div)$1,500,000t
305,000 Sept 1 1947
sure, to the Middletown-Goshen1059,
See text
foreclo
1912
At
under
0_
or,
$305.00
success
1425. ComDiv)
(Erie
1
1929
M
July
2d
500,000
5 g J-J
sburg Elec. By. See V. 80, p. t of a judgment for
1907
Trustee. the Middletown-Bloom
accoun
Erie,
Erie Trac(Erie Div)$500,000
on
Co.,
Tr.
1908
&
Oct.
r
Say.
receive
of
Secur.
hands
at
c tflInt,
paid off,
been
pany was placed in
having
1
1918
Mar
gold
dness
0
indebte
165,00
all
but
1913 5 M-N
injuries obtained by a motorman,
Collet trust notes 3165,0001 Int.
1909.
at the Sec. Say.& Tr.Co., Brie, Trus.
receiver was discharged April 23
Outstanding. Maturity.
.
Interest
trust.
voting
Date.
in
Sheld
.-stoc Is
STOOK AND BOND
cOmmon
, ntlre
$350,000
,tock.-.
retire prior liens;
$150,000 are reserved to
Stock 3350.000 (150)
300,000 May 1 1935
Bonds.-Of the 1st M.of 1911.extensi
5 g M-N
1905
ons and acquisitions under certain
s. f. 1st mtge $350,000 gold ($100.5
.,Ilarrisburg, Trust.
Annual
remaining bonds are for hunts.,
thTr.Co
int.
Com'w'I
and
105
at
t.
at
cstflIn
date
$1,000)
and
$500
Are subject to call
alive.
.
restrictions. Subj. to call on any1 int.
kept
be
to
ements
retired
improv
Nov. 1914. Bonds
Bonds.-$50,000 reserved for future
bonds, $500,000
of 1% of bonds out began
Of the $1.500.000 1st M.Erie Div.
after 10 years at 105.
and
ons
$77,687; net, after
for
extensi
gross,
V. 92, p. 1033, 1436. the
1914,
00
$550,0
31
Dec.
and
ending
Erie Tree. bonds
EARNINGS.-For year
are reserved to retire
annually, comin treasury. Sink.fund, 1%
$10,850.
extending from Middletown,
betterments and $200,000 are
track
. The 2d M.bonds bear taxes,
of
trustee
miles
Erie,
12.g4
Co.,
ates
Trust
Erie
ROXD.-Oper
Rails
mencing April 1917.
J.-D. Colonial
Goshen, including switches, turnouts, &c.
ing 1% yearly to 5%. Int.have
a sink,fund N. Y., to Midway Park,
2% int. the first year. advanc
girder. Standard gauge,.
. The Erie Traction bonds (denom
.$1,000, 65-lb. T and 80 and 90-1b.
Trust Co., Pittsburgh, trustee
C. McMonagle;V.-P., Chas.
1917
DeWitt
1
July
ng
Mgr..
beginni
Oen.
&
bond,
Pres.
M.
OFFICERS.of $20 for every $1,000 1stcoll. trust notes are secured by deposit of $200.000
urg, Pa.; Treas., W.M.Oglesby, HarA. Kunkel; Sec., J. F. Weiss. Harrisb
85.000 & $10,000). The
able at 101 and accrued interest risburg, Pa.-V. 80. p. 998. 1059, 1425, 2346.
purchase-money mortgage bonds. Redeem
on 4 weeks' notice.




SEPT., 1915.]

ELECTRIC RAILWAYS
MILFORD, MASS.

65

OFFICERS.-Pres., J. D. Mortimer; -P. & Gen. Mgr., S.
B. Way;
V.-P. & Asst. Gen. Mgr., R. B. Stearns;V.
MILFORD & UXBRIDGE STREET RV.-Trolley.
V.-P., Chas,?. Pfister; Treas.,
ORGANIZATION.-Incorporated in Massachusetts in 1901. On July Geo. R. Sheldon; Sec. & Asst. Treas., Jas. F. Fogarty; Asst. Sec. &
Asst.
Treas.,
F.
J.
Boehm, Milw.; Asst. Sec., Robt. Randall, N. Y. Gen. office,
10 1902 consolidated by purchase of entire capital stock with the Milford
Public Service Bldg., Milwaukee; N. Y.
Holliston Sr Framingham St. Ry. Operates the Grafton & Upton
office, 30 Broad St., N. Y. CityRR., V. 85, p. 160; V.
from Hopedale to North Grafton, 14 miles, and the Medway
86,
p.
286, 1042. 1529; V. 94, p. 1627; V. 95. p. 1274.
& Dedham
St. By. 21 miles.
(a) The Milwaukee Electric Railway & Light Co.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
ORGANIZATION.-Successor of Milwaukee St. By. Co. Jan.
Stock corn $410.000 ($100)29 1896,
$440.000
See earns. per plan in V. 60. p. 1009.
all the street railway lines (except
Preferred $100,000 ($100)100,000
See earns. approximately 15 miles single Embraces
track) in Milwaukee. Entire common stock
M. Holl. & Frain. 1st mtge. 1898
165.000 Jan 1 1918 is owned by the Milwaukee Light,
5
g
Heat
&
Trac.
$165,000($1,000) g__c*ntt Int. at Amer. Trust Co., Boston, Trustee. its street railway
Co. The company,besides
system,
and operates an electric-light and power
Milford & Ihtb gold bonds 1902 5 g J-J
335,000 Jan 1 1918 system and a central-stationowns
steam-heat system in Milwaukee.
($1.000) gold
c*ntf Int. at Amer. Trust Co.. Boston. Trustee
In 1909 entered into a contract
for
EARNINGS.-For fiscal year ending June 30 1915, gross, $255,5)2;
25 years to take a supply of power
net, from the Southern Wisconsin Power Co.
after taxes, $59.494; other charges, $31,259; divs., $28,000 (5% on corn.
See V. 90.p. 372.
The railway franchises of the
and 6% on pref.); surplus, $235.
run until Dec. 31 1934. V. 70.
p. 39. Electric-light and powercompany
franchises are unlimited in time.
ROAD -Owns 36 miles of track, from So. Framingham to Uxbridge and
License
Decisions.
-On Dec. 5 1911 Wisc. Supreme Court affirmed the
from Milford to Medway and Hopkinton. Also operates the Grafton & decision of the
lower Court holding that the city is not entitled to recover
Upton RR.,from Hopedale to North Grafton, 14 miles, and the Medway & $187,500 for licenses
of $15 each on street cars from 1895 to 1910. V. 93,
Dedham St. By., 21 miles. Also controls Lake Nipmuc Park.
47 pas- p. 1600. On March 12 1912 Judge
Turner held invalid the new ordinance
senger cars, 8 snow plows and 4 miscell.; 134 electric motors.
passed in April 1911 levying a license
of $15 per car. V. 94. p. 912.
OFFIC RS.-Pres.. John T. Manson,New Haven,Conn.; V.-P., Joel A.
Valuation.-For physical valuation by
Sperry, New Haven; Sec.. Wendell Williams; Treas., J. E. Walker, Mil- 1911
Wisconsin RR. Comm. In July
see
V. 93, p. 164.
ford; Sept.. W. L. Adams, Milford,.Mass.-V.74, p. 1308; V. 76. P.
Decisions.-For six decisions handed down on
102;
V.88, p. 35;V. 90, p. 914; V.91.p 463, 1160.
Aug. 23 1912 by the Wisc.
RR. Comm.. regarding fares and
see V. 95, p. 514.
On Jan. 30 1915 the Wisconsin wages,
Comm.rescinded its order of Aug. 23
1912, requiring the sale of ticketsRR.
in
packages of 13 for 50 cents instead of
MILLVILLE, N. J.
25 for $1. V. 100, p. 474. The validity
of the order was upheld on June 14
M ILLV ILLE TRACT ION.-A trolley road.
1915 by the U. S. Supreme Court, affirming
the decision of the Wisconsin
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Supreme Court on May 29 1913. V. 100, p.
2085.
Stock $175.000..
On Jan. 7 1913 the %Vic. Suoreme Court decided
$175,000
that the company must
1st mortgage $400,000 gold) 1894
5 g F-A
208,000 Aug 1 1914 pave between its tracks on Walnut St. with
($1.000 each)
C
c*Tint.
at Land Title & Trust o., Phila., Trus. the remainder of the street. V. 96, p. 203.asphalt, to make it the same as
"Other debts" Dec 31 1914156,815
STOCK AND BONDS- Date.
Interest. Outstanding. Dividends.
Bonds.-Not subject to call.
Common stock $20.000,000
EARNINGS.-For year 1914, gross. $51,493; def. from oper.,
$3,295.
(par $100)
In 1913, gross. $52,733; def. from oper., $19,491.
Q-M
19,850.000
-ROAD.-Operates 12.55 miles of track in Millville, Vineland and Town- Preferred stock $4.500,000
6% non-cum (par $100)_..ship of Landis, of which 8.67 miles put in operation in 1901.
Q-F
4.500.090 July'15, 1%
Milwaukee Elec Ry & 1896
5 g F-A
OFFICERS.-Pres., George Wood; V.-Pres., R. D. Wood; Sec., G. H. The
6,500.000
Feb 1 1926
Light Co cons. mtge $8,- Central Trust Co. N.Y.,Trustee.
Thomas; Treas.. Daniel C. Lewis.
Int. pay000,000 gold ($1,000).._ _c*
able at co's
30 Broad St., N. Y.
The Milw Eiec Ry & Light 1906 4% g office,
J-J
6.728.000
Jan 1 1931
Co ref& ext mtge $20,000,- Trust Co. of America, New York,
Trustee
MILTON, PA.
000 gold ($1,000)
c*
Interest at company's office
LEWISBURG MILTON & WATSONTOWN PASS. W.f.-Trolley.
Gen & ref mtge $90.000,0001 1911
5 J-D
See text
ORGANIZATION.-Chartered Sept. 3 1897. In 1910 Whittaker &
gold ($1,000)Ser "A".c*tffInt. at N. Y. Bankers5,305,000
Tr, Co.. N. Y., Trus.
Diehl of Harrisburg purchased control from the Railways Company General.
Stock and Bonds.-The bonds and the pref. stock are listed
on the N. Y.
Under contract with Penn. RR.. the Lowish. Mil. St Watsont.
Ry. Stock Exch. Of the ref. and ext. bonds, $6,500,000 are reserved for prior
agreed to install storage-battery cars on some 11 miles of trackPass.
$5,000.000
liens,
are
between
deposited
as collateral to gen. and ref. M. bonds, and
Montandon and Mifflinburg, and to operate a line in conjunction
with the remaining $1,772,000 are to be Issued from time to time and deposited
steam use of that section of road, connecting with present trolley line
at as security for said gen. and ref. bonds. Bonds are subject to call on an
East Lewisburg.
after Jan. 1 1916 at 108 and int. No sinking fund. See V. Si.
p.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. 1792; V. 84. p. 508. Gen. and ref. mtge. falls due Dec. 11951. except 1724
that
Stock $150,000
in
theevent thecompany has not acquired a franchise extending to 1954
$150,000
on
First mortgage $300,000 gold)
or
before
Dec. 11931, the mtge. becomes due on that
i 1910 • 5 g F-A
160,000 Feb 1 1940
Bonds of Series
A are redeemable on any int. date on and after Dec.date.
($500)
c*fInt. at Land Title & Tr. Co.,Phila., Trustee.
1
1916
on 6 weeks' notice. $13,228.000 are reserved for prior at 105 and int.
Bonds.-Remaining bonds can only be issued for improvements and
liens: remaining
ex- $71.467,000 are for
tensions at 80% of cost. Sub. to call as a whole on any int. date after
extens., impts.and acquisitions, at 80% of cost thereof
Feb. 1920 at par.
under certain restrictions. No sinking fund. See V.
93. p. 1787. Bonds
EARNINGS.-For 12 mos. end. June 30 1914, gross. $52,064; net listed on N.Y.Stock Exchange. $5,000,000 ref. & ext.
bonds
$750,000
pur. money mortgage of the Central Heating Co.of Milwaukee and
$14,298.
are deposited
ROAD.-10 miles of track between points named in title. 11 overhead- as collateral for the gen. & ref. bonds.
operation cars. 2 storage battery cars run from Montandon to Mifflinbur
BO AD.-Total track 165.02 miles-all trolley.
OFFICERS.-Pres., John F. Whittaker; V.-P., L. G. Brown; Sec. g.
ANNUAL REPORT.-Fiscal years ending Dec. 31 (for 1914
&
Treas., D.L. Diehl; Asst. Sec.& Treas., W.B. Rankin.-V.
report see
V. 100, p. 807):
90, p. 1363.
1914.
1913.
1914.
40-1913.
Gross
16.005.495 86,016,916 Other income- 36.5.806
$45,178
MILWAUKEE, WIS.
Expenses
3,097,207 3,182,407
THE WISCONSIN EDISON CO.. INC.
Depreciation _
698,516
633,359
Gross inc__31,838,877 $1.855,660
Taxes
436.701
ORGANIZATION.-Incorp. in N. Y. on Nov. 7 1912 to take
390,668 Interest
823,374
733,323
over the
North American Co.'s holdings in Milwaukee and other
public
Net
$1,773,071 $1,810,482
utilities. Owns or controls, through stock ownership, theWisconsin
Surplus__ __31.015,503 $1,122,337
following
cos.:
Passengers
carried in 1914, 97,874,919. against 100.073,659 in 1913.
Milwaukee Light, Heat & Trac. Co.'North Milwaukee Light & Power
Co.
Milwaukee Elec. Ry.& Light Co.
Dividends.-Regular quarterly dividends of 1%% have been paid
Burlington Elec. Light & Power Co.
on the
Wisconsin Gas & Elec. Co.
nref. since Fob. 1900. On the corn. stock in 1903.
Wells Power Co.
4%: in 19'11. 5%; in
Watertown Gas & Electric Co.
1905, 5_%; in 1906 to 1912. incl., 6% per ann. No later informatio
n.
On Apr. 29 1914 the company filed a certificate of increase of capital
OFFICERS.-Sarne as for Milw. Lt.. Ht. & Trac.
Co.. except that
stock from 300,000 to 400.000 shares, to provide for conversion of the
F. Pfister is not Vice-President.
con- Chas.
vertible bonds.
INDEX.-V.93. p. 164. 1193, 1387, 1600, 1787; V. 94. p. 827.
912; V.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity. 95, p. 481, 544. 818, 1274: V. 96. p. 203. 487, 790. 1629: V. 97, p. 299. 521,
1733; V.98, p.74,518; V.99, P.674; V.100,p. 474,807,2035;V. 101.9.923.
Stock 400.000 shares (no par
value)
(b) Wisconsin Gas & Electric Co.
215,000 sh. Dec'14 31.75
Debens $10,000,000 ($1,000,
ORGANIZATION.-Succeeded in 1912 the Racine Gas Light
Co. (in$500 and 2190)
1914 6 g M-N
6,500,000 May 1 1924 corp. in Feb. 1867) and acquired the Kenosha Gas
& Electric Co. and KeDebentures convertible into stock at $80 per share after May
nosha
Electric By. Does entire gas business in Racine and Kenosha
1
1916
and prior to May 1 1923, and red. at 102 on and after May 1 1916
and
the
entire
electric-lighting, power and street-railway business in the latter
on 60
days notice. V. 98, p. 1128.
Elec. light and power business in Kenosha is done under
Dividends.-A div. of $1.75 a share was paid Dec.1 1914. This was the city.
indeterminate
permit.
Franchise
street
for
railway
extends
until 1952. The comfirst dlv. since the stock was sold by the North American Co. None since. pany has the right
to conduct its gas business either under an indetermin
REPORT.-For cal. years (combined properties).
ate
permit or under the special (perpetual and exclusive) franchises
originally
Calendar
Operating
Net (after Non-Op.
Interest
granted.
Balance,
YearsRevenues. Taxes, etc.). Revenue.
& Divs.
In July 1915 the Wisc. RR. Comm. authorized the company to increase
Surplus.
1914
$8,552.808 $2,583,448 $87,196 $1,354,415 $1,316,229 its auth. common
stock from $1,000,000 to $2,750,000 ard to issue 41;657,500
1913
8,348,268
2,601,894
1,226,610
60,068
1.435,352 of the new stock to acquire the Watertown Gas & Elec. Co..
OFFICERS.-Pres., Jas. D. Mortimer; V.-P., H. H. Pierce;
to
Sec., $160.000 underlying bonds, and the Burlington Electric Lt. & subject
James F. Fogarty; Treas., Geo. R. Sheldon; Asst. Sec., Robt. Randall;
controlled by the Wisconsin Edison Co.) and to dischargePow. Co.
Asst. Treas.. Robt. Sealy.-V.95, p. 1279; 1335; V.98, p. 528, 1076, 1128, (both
$162,000
floating
debt incurred in making additions and betterments.
1397, 1699; V. 99. p. 1456.
STOCK AND BONDS- Date. Interest. Outstanding
.
Maturity.
(1) Milwaukee Light, Heat & Traction Co.
Corn stock $2,750.000 ($100)
$1,009.000
The capital stock is practically all owned by the Wisconsin Edison Co.
Prof cum $1.000.000 ($100)
65
200.000
ORGANIZATION.-Incorporated Dec. 1896. Does an extensive
First mortgage gold ($1,000- 1912 5 g J-D
street
2.000.000
June 1 1952
and interurban railway and electric light and power business, serving
& $500)
c$jInterest payable in New York. Harris
waukee, South Milwaukee, Cudahy, Racine, Kenosha, Wauwatosa, Mil& Savings Bank, Chicago. Trustee. Tr.
North
Milwaukee, Whitefish Bay, Fox Point, West Allis, Waukesha.
Bonds.-Achiltional 1st M. bonds ca • be issued
only
Pewaukee,
for
807
of cash cost
Hartland, Oconomowoc, Watertown, Johnson's Creek, Fort
of permanent impts., &c., when the annual net earnings are 0
Atkinson, int.
times the
Lake Mills, St. Martins, Muskego Lakes, Mukwonago, East Troy,
incl. bonds to be issued. Bonds red. at 105 and1 %
Water- aftercharge,
int. on and
ford, Rochester and Burlington.
June 1 1917.
Control Purchased.-In 1907 purchased the $9,000,000 common stock
EARNING
-For
S.
year
ending
Dec. 31 1914, gross, $737,778:
of
The Milwaukee Electric Ry. & Lt. Co. from The North
$186,517; other income, $10.073: interest charges, net, after
Co. taxes,
$110.193;
This was done in order to make Mil. Light, Heat & TractionAmerican
$86,397. In 1913, gross, $753,411; net, after taxes, &c.,$205,6
&c.,
Co. the con- surplus,
22;
trolling Company instead of The Milwaukee Elec. By. & Lt. Co.,
other
income,
$5,534;
interest
charges, $106,841;
as was
$104.315.
formerly the case. V. 86, p. 286.
PROPERTIES.-Miles of single track, 7.851;surplus,
miles
of
gas
mains,
121:
OFFICERS.-Pres., J. D. Mortimer; V.-P., S. B. Way; Sec.-Treas.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
,
F. J. Boolun.-V. 95, p. 968, 1124,1275; V. 96, p. 434: V.
Common stock $30,000,000$10,000,000 See text
101, p. 375.
Milw Lt II & Tr Co 1st M gl 1899
5 g M-N
5,000,000 May 1 1929
WISCONS
IN
TRACTIO
$5,000,000
N,
($1,000)
LIGHT. HEAT & POWER CO.
g.c*[Interest at Equitable Trust Co., New York.
malilv Lt n & Tr
ORGANIZATION -This company was incorporate
el 1907 5 g .I-D
Co ref & ext
d at
6,189,000 June 1 1937 Aug. 1900 with
in
a nominal capital of $10,000 (since increased toMilwaukee
M g $30,000,000 ($1,000)_ Metropolitan Tr. Co., N. Y., trustee.
$1,000,000),
Int.
for
purpose
the
of
uniting
certain
properties in the Fox River Valley.
at company's New York office.
Secured
control of the Fox River Valley Electric
1st M.bonds may be call
at 110 on any int. date. They are guar.,
and the Appleton
Electric Light & Power Co., and has consolidated By.
prin. and int., by endorsement, by The Milwaukee Elec. Ry.
them. In Sept. 1904
& Light Co. purchased entire capital stock
of the Fox River Valley Gas & Electric Light
(V.86, p. 1042). Under the ref. & ext. mtge.,$2,500,000 additional
bonds
Co. and guarantees its bonds, principal and interest. See V.
could be issued immediately, and in June 1908 Wisconsin State RR.
79. p. 787.
Comm. 1267.
authorized co. to issue this amount. This would raise outstandin
g amount to
In Mar. 1914 the Wisconsin Supreme Court sustained the State
$7,500,000; up to Jan. 1915 $1,189,000 of $2,500,000
RR.
had
been
issued.
Comm. in holding, in company's suit
25,600.000 is held to retire prior liens. These bonds may be called
the city of Menasha, that the
on any city cannot do a commercial lightingagainst
int, day at 110 and int. V. 84, p. 1183. First $13,000,000 are
business in connection with Its own
to
bear
5%
street-lighting
service
without
the necessary authority from the Commission.
int. and remaining $17,000,000 not over 5%.
V. 98. n..764.
Dividends.-10% per annum paid from 1904 to 1907; in
1907, 2%; in
STOCK AND BONDS- Date.
1908. 346%; in 1909, 3%;in 1910. 4 1-3%. No later informatio
Interest. Outstanding. Maturity.
n.
Stock
$1,000.000
($100)
ROAD.-Total mileage, exclusive of controlled Maw.Elec. By.
$699.400 See"earns.'
St Lt. Co. First mtge ($3,000,000) $1,-I 1901
was Dec. 31 1914 237.41 miles. 80-lb. T rail.
5 g J-J
1,120.000 July 1 1931
000 gold no sink fund
c* Int. at First Say,& Tr. Co.. Milw.. Trustee.
REPORT.-Fiscal years ending Dec. 31:
River
Valley
Fox
first mtge 1901
5 g A-0
1914.
1913.
350.000 April 1 1921
1914.
$360.000 (11.000) gold___c Merchants' Loan & Trust
1913.
Gross
$1,493,667 $1,443,251 Other income_ 3698.552
Co., Chic., Trust.
$721,700
Bonds.-Entire issue of Wisconsin Traction, Light, Heat
Expenses __..- 777,863
710,982
& Power Co.
bonds
may be called on any interest date at 110 and interest.
Depreciation _
53,095
76,896 Gross inc___ _$1,246,258 $1,276,045 River Valley
The Fox
bonds are subject to call at 105
Taxes
115,003
101,028 Interest
645,071
614,677
EARNINGS.-For years ending Dec. 31: and int.
YearGross.
Net(aft.taxes.) Other Inc. Interest.
Net
$547,706 $554,345
Surplus_
Surplus.
$601,187 $661,368 1914
1425.716
Passengers carried in 1914, 12,136,548, against 11,624,011
1144.556
$9,490
$7
74
4.
,2
400
00
$79,846
in 1913.
1913
392,278
135.566
10.005
71.171




[VOL. 101.

ELECTRIC RAILWAYS

66

From the $79,846 surplus as above in 1914, there was deducted $34,940
for dividends, leaving 444,906.
ROAD.-Operates 15.82 miles of track, connecting Neenah, Menasha,
1.76
Appleton and Kaukana,3.57 miles locally in the city of Appleton andghting
miles sidings and turnouts; total, 21.15 miles. Owns electric-li
plants in Appleton, Neenah and Menasha and supplies gas to Neenah,
Menasha and Appleton.
OFFICERS.-Pres. John I. Beggs; V.-P., Chas. F. Pfister, Milwaukee;
Ellis.-V.79, p. 787, 1267: V.91, p. 96. 1770; V.98,
'
Sec. and Treas., A. K.
p. 764.

The proceeds of the notes issued in May 1915 are to be used to complete
the line into Minneapolis terminal and add to equipment. Minneapolis
Trust Co. is trustee of the mortgage.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$4,951,800
Common $15,000,000
3,332,400
Prof 410,000,000 6% non-cum
191&
750,000
1915
6%
3-year notes
Stock.-Preferred stock is redeemable.
OFFICERS.-Pres. & Treas., M. W. Savage; Sec.. M. H. Boutelle.-V. 92, p. 1109; V. 93,p. 731; V. 99, p. 197; V. 100, p. 1832.

MINNEAPOLIS, MINN.

MOBILE, ALA.

MOBILE LIGHT & RAILROAD.-Trolley.
TWIN CITY RAPID TRANSIT.-An electric road.
ORGANIZATION.-A consolidation on Sept. 1 1901 of the Mobile Light
ORGANIZATION.-Organized under the laws of the State of New Jersey & Railroad and the Mobile Street RR.; the franchises of both companies
comunderlying
the
of
June 3 1891 and by virtue of its stock ownership
were extended on Sept. 12 1901 to March 12 1955. See V. 73. p. 616.
panies (to wit,The Minneapolis Street Railway Co.,The St. Paul City RailIn July 1906 the Mobile Illuminating Co. purchased the electric-light
the
way Co., the Minneapolis Lyndale & Minnetonka Railway Co. and
of the company and under contract of purchase pays to the Mobile
plant
system
railway
the
street
entire
Minneapolis & St. Paul Suburban) controls
& RR. 70 semi-annual payments of $11.464.
Lt.
Bay and
Interest. Outstanding. Maturity.
of Minneapolis, St. Paul, Stillwater, and lines to Excelsior, Tonka
STOCK AND BONDS- Date.
$2,250,000 July '15,1
Deephaven at Lake Minnetonka. In 1906 absorbed the North Side Street Stock $2.250,000 (par $100)_1472. In First mtge gold 41,000)- ntff 1897
385.000 July 1 1937
5 g J-D
By. (Robbinsdale line) and the St. Louis Park line; V. 83, p.the
charter
-lint. at Farmers Loan & Trust Co.. N. Y.
1905 articles of incorporation were amended so as to make
270,000 May 1 1923
perpetual. V. 80, p. 1914.
first mtgel 1893 6 g M-N
RR
Street
Mobile
Franchise and Fares.-Mayor Haynes of Minneapolis on Feb. 18 1907
c ntf Farmers Loan & Trust Co., N. Y., Trustee.
gold 4300,000
V.
Interest at National City Bank, New York.
signed an ordinance requiring street railways to sell six fares for 25 cents. CirJudge Lochren of the U. S.
1,445,000 Sept 1 1941
5 g M-S
mortgage, goldl 1901
84, p• 451, 509. On Aug. 24 1907, however,against
enforcing the ordinance Consolidated
Trust Co.,N. Y.,Trus.
cuit Court granted a permanent injunction
($1,000) $2,250,000_ _ -c*tf Interest at New York
the
decision
Court
Supreme
U.S.
affirmed
for prior liens,
1910
reserved
3
Jan.
On
$655,000
532).
mtge.,
p.
(see V.85,
Bonds.-Of the $2,250,000
of Judge Lochren. This decision sustains the company's claim to a 50-year 454,000 are in treasury of company, $90,000 have been retired. 413,000
franchise from July 1 1873, with the right to charge 5-cent fares. V.90,p.111. 1st M. bonds are in treasury and $15,000 have been retired.
The company is negotiating with the city for a renewal of the franchise.
EARNINGS.-For cal. year 1914, gross,$581,353; net after taxes,$216,V. 101, p. 132.
947; charges, $103,495; surplus, $113,452.
in 1910. July, 3i%;
Settlement with City of St. Paul.-For decision as to right to build new
Dividends.-Initial dividend-A %-Aug. 1 1909;
%; in 1912, June, 1% in
lines in St. Paul,see v.79, p. 271, 2087. and for settlement with City of St. in 1911, Jan., 54% June. 14% Sept.,
Paul by which the city relinquishes its right of appeal from this decision and 1913, Sept., 2% In 1914, May, 1%; June, 1%; Nov., 2%. In 1915.
the company agrees to pay into the city treasury real and personal property July, 1%.
taxes, equal to at least 6% of gross earnings; see V. 80, p. 1175.
ROAD,&c.-Owns 61 miles of track in Mobile and extensions to MagaOn Oct. 23 1914 the Minnesota Supreme Court sustained the validity zine Point. Spring 11111, Whistler and Monroe Park. Company also owns
St.
of land.
of an ordinance passed by the City Council in May 1910 ordering the
"Monroe Park" and water power and 320 acres
Sec.& And.,
Paul City Ry. to construct a car line on St. Clair Ave., branching from
OFFICERS.-Pres.,J. H. Wilson; V.-P.,C. D. Willoughby;
C. White Spunner; Gen. Mgr., J. H. Wilson.
West Seventh St. V. 99, p. 1301.
Treas.,
W.
Glover;
M.
New Subsidiaries.-Because of a decision of the Supreme Court holding V. 86, p. 1529.
that suburban lines, as railways, are amenable to the Minnesota 4% gross
earnings tax, it was decided in Mar. 1910 to incorporate the Minneapolis
in
MONMOUTH, ILL.
& St. Paul Suburban RR. ($1,000,000 stock, increased to $3,000,000
92, p. 187),
Jan. 1911; debt limit was also increased to $10,000,000; V.
MISSISSIPPI VALLEY RY. & POWER CO.
stock) and the
1915 to take over the
the Minnetonka & White Bear Navigation Co. ($250,000
ORGANIZATION.-Incorp. in Delaware July 2 the
re-arrange matters
Rock Island Alexis
Rapid Transit Real EstateCorp., $15,000 stock, and to
Terminal Ry.,
and the hotels, parks, &c., of Rock Island Southern By. the Aledo
operated by the Rock
formerly
so that the suburban lines, the steamer lines
(all
Co.
Power
River
By. and the Edwards
the company might be handled separately for taxation and accounting pur- Island Southern Ry.), as per plan of readjustment in V. 101, p. 449.
Issue.
poses. V. 90, p. 850.
Capitalization of New Company-Proposed Present
Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
STOOK AND BONDS.- Date.
$2,394,100
Twin City Rapid Transit$2,500.000_
stock
Common
1,782,950
$22.000.000 Oct •15, 13.4 Preferred stock $2,000,000--5 Q-J
Com 422,000,000 ($100)- - 1,397,200 July 1 1945
3,000,000 Oct'15, 13
7 Q-J
5 J-J
c*f 1915
Prof cum $3,000.000 ($100)- 1895
1st & ref M ($100 &c)
lInt. at Columbia Tr. Co., N. Y., trustee.
Minneapolis Street Railway Co.have been deposited
5 g J-J 15 5,000,000 Jan 15 1919
1st con M g$5.000,000_e*cpt 1889
Voting Trust.-The common and preferred stocks
first board a direcSt Paul City Railway Coa voting trust, the trustees, who will constitute the of
directors and the
224,000 April 1 1932 in
and will control the election
company
First mtge on real estate andi 1882 6 g A-0
now
the
of
tors
T. P. Gayproperties, being as follows: A. M. Chambers,H.
horse-car franchise_ _cptfExchangeable at 105 for first consolidated.
the
of
operation
Oct
1
Walsh,
Prentiss
1934
456,000
A-0
A.
g
M.
6
Hanley,
A.
J.
1884
gold_-cpt
Fleming.
First consol mtge
lord, W. W.Gurley, J. J.
5 g J-J 15 3.708.000 Jan 15 1937 Taylor and Henri C. Morand.
Cable con gold(see text) cpt 1887
for imissued
were
outstanding
reported
bonds
the
of
Minneapolis & St Paul Suburban Ry-$300.000
Bonds.
lien in the event of
500,000 Sept 1 1924 mediate
5 g M-S
1st M g $500,000 guar byt 1899
cash requirements and these will have a prior
out of the sinking fund
TwCy R T&StP Cy c*cpt5Interest at Central Trust Co.,N.Y.,Trustee foreclosure. Provision is made for their retirementbonds
taken in exchange
possible, the
Minn Street & St Paul City Ryor by the sale of other bonds as soon as absolute
first lien. Additional bonds
5 g A-0
10.000,000 Oct 1 1928 for
Joint con mtge 310,000,000
the old securities then becoming an
be issued for betterments, exts., &c., under carefully guarded
(41.000) gu p & I_ _c*c pt Central Trust Co. of NewofYork, Trustee.
only
may
the Minneapolis restrictions.
All bonds are for $1,000 each, and, with the exception
the Chic.
ROAD.-Runs north from Monmouth to a connection with
& St. Paul Suburban Ry. and the joint issue of 1903, interest is payable
and thence opat Farmers' Loan & Trust Co., New York. Company pays Federal income Rock Island & Pac. Ry. at Monmouth Junction, 31 miles,
by
over the
lease
miles,
of
22
a
distance
Island,
issues.
Rock
tax on above
erating into city of
Stock.-Stock listed on N.Y.Stock Exchange.
Chic. R. I. & Pac. By., which has been electrified. Also 7 miles from
Bonds.-The Minneapolis Street Railway Co. jointly and severally with Gilchrist June. to Aledo and 6 miles from Alexis Jct. to Alexis. Total
Co.,issued 45,000,000 5% miles of single track operated, 72.29. Has connections for Davenport,
the Minneapolis Lyndale & Minnetonka Railway
mortgage gold bonds. See Ia.,
30-year first mortgage and first consolidated
Moline and Galesburg, Ill. 10 pass.. 243 freight, 2 express and freight
statement to New York Stock Exchange in June 1895. The consols are and 7 work cars; 7 steam locomotives. In accordance with the plan of rethese steam locomotives are to be replaced by electric locomoalso listed in London. V. 60, p. 1149.
adjustment,
5%
50
-year
issued
cable con- tives. 75-85-1b. rails. Also operates the power house located at Edwards
$4,388,000
The St. Paul City Railway Co. has
solidated bonds (including $680.000 held by the Farmers Loan & Trust Co.,
p. 449.
101,
-V.
bonds above); limit fixed by this River.
trustee, to redeem the 4680,000 prior lien
1903 no further unSOUTHERN RAILROAD.
mtge. was 45,500,000, but by the joint cons. mtge. ofPart
ISLAND
ROCK
of these cable
(now Miss. Valley By.
derlying bonds can be put out. V. 77, p. 2281.
leased to the Rock Island Southern Railwayon
which date lease was
end. of Twin City Rapid Transit & Was
Feb. 1 1913 to Dec. 311913,
from
consols ($1,138,000) are guar.(p. & 1.) by
Co.)
Power
June 1895. V.60, p. 1150. Of canceled.
Co. See statement to N.Y.Stk. Exch. in
by
the
Farmers'
are
held
RR. Act of Illinois.
$224,000
Steam
under
City,
Paul
1906
St.
in
the
of
N.-Incorp.
mtge.
cons.
ORGANIZATIO
1st
the
Loan & Tr. Co. to be exchanged for the $224,000 first mtge. bonds.
Operated by electricity for passengers and steam for freight. Franchises
consolidated mortgage of In Monmouth are for 20 years.
The Minneapolis Street Ry. & St. Paul City Ry.and
the St. Paul City Ry.;
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
1903 is a joint issue of the Minneapolis Street Ry.
$500,000
remaining bonds are reserved for new construction, additions and improve- Stock $500,000 ($100)521,000 Jan 1 1947
5 g J-J
ments at 90% of cost. Guar. p. & I., by endorsement, by Twin City Rapid First mortgage 42,500,000 gi- -&
at
Say.
Bk.,Chic.,Trustee.
Tr.
Amor.
and
clInt.
2281
2340)•
p.
77.
V.
Transit Co. (see
(41.000) red at 105
miles between Galesburg and Monmouth. 75-1b. rail.
Dividends.-All dividends on preferred to and including Oct. 191,5
-16
ROAD.
on
the
common
1%
was
paid
of
dividend
First
paid.
been
have
%)
gauge.
Standard
(14
2%
stock in Aug. 1899; in 1900. 3%; in 1901. 33,5 %; in 1902,
OFFICERS.-Pres., M. A. Walsh; V.-P., E. C. Walsh; Sec., Treas. &
Feb.'1 % Gen. Mgr., J. W. Walsh.
changed to quarterly, and 1% paid May 1902; Aug., 1 X %; Nov.,
1903 to 1909, inc., 5% per ann.; 1910 to 1915.6%•
ROAD.-Consists of 436.72 miles of track,including four interurban lines
MONTGOMERY, ALA.
connecting the business centres of Minneapolis and St. Paul. an interurban
-A trolley road.
line of 22 miles connecting St. Paul and Stillwater, and lines to Lake MinneMONTGOMERY LIGHT & TRACTION CO.
gauge.
ORGANIZATION,&c. Montgomery Trac. Co. was chartered in 1893.
tonka. Standard
On the principal streets of the cities 90-1b. T rail with welded joints and On Dec. 29 1911, having acquired the lighting property owned by Richard
Imbedded in concrete was used.
Tillis, name was changed from Montgomery Trac. Co. to above title (V.94.
Falls (ca- p. 207),and in June 1912stock was increased from $1,000,000 to 42,000,000.
Power.-The company leases water-power at St. Anthony'swith
power to pay for new property. V. 94. 13. 1764. Stock had previously been dein conjunction
pacity 22,000 h. p.), which power is now used
generated at new steam power plant to run the entire railway system in creased from $2,000.000 to 31,000,000 in 1909. V. 88, p. 375.and power
Does entire street railway business and has an electric lighp
both cities. See V. 64, p. 704.
that are
ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1914 was system in Montgomery and its suburbs. Street railway franchises
the
as
entire
follows:
on
property
results
showing
728,
not perpetual expire between 1932 and 1942. Electric light and power
in V. 100, p.
1911.
1913.
1912.
1914.
franchise runs till 1940. .
Interest. Outstanding. Maturity.
Revenue pass. carried.._184,352,963 175,895,811 162,407,993 154,380.730
STOCK AND BONDS- Date.
$2,000,000
Transfer pass. carried__ 66,742,000 63.914,277 57.584,451 51,844,378 Stock $2,000,000 ($100)- -1,000,000 April 1 1942
Receipts from transp'n_ $9,227,602 $8,818,178 $8,147,199 $7,749,158 1st & ref M $5,000,000 sk fd__ 1912 5%
350,000
Aug. 1923
62,035 Mont Street By 1st mtget 1893 6 g F-A
52,158
61,768
72,043
Rects.from other sources
T.
&
L.
Co.,N. Y., Trustee.
Farmers'
at
'Int.
$350,000 gold
reserved for prior
$9,299,645 $8.870,336 $8,208,967 $7,811,193
Bonds.-Of the 1st & refunding bonds, $350,000 are
Total receipts
for acquisiOperating expenses_ _ _ _ $4,838,110 44,500,641 44,198,001 $3,906,716 lien and $3,650,000 for add'ns & betterm'ts at 80% of cost, orbe
acquired.
$4,461,535 $4,369,695 $4,010,966 $3,904,477 tion or refund.,$ for 4, of bonds of other properties which may
Net earnings
$1,579,822 $1,561,440 $1,529,230 $1,486.129 Sink.fd. equal to 1% of all bonds authenticated annually beginning April 1
Interest and taxes
210,000
210.000 1915. V. 95, p. 47.
210,000
210.000
Divs. on pref. stk.(7%)
1,206,000
1,206,000
1,206,000
EARNINS.-Of combined properties for cal. year 1914, gross, $396.Divs. on corn. stk.(6%) 1,250,514
695: net, after taxes, $106.681
$3,040,336 $2,977,440 $2,945,230 $2,902,129
Total
ROAD.-Operates 38 miles of track (including 4 miles of double track) in
*41,421,199 *41,392,255 *31,065,736 *31.002,348 Montgomery and to Pickett Springs; 56 cars. Standard gauge; 70-lb. ir
Balance,surplus
* In 1914 4994,072 was appropriated from this amount for renewal fund, and 95-lb. girder rail. Power-house capacity, 4,000 k.w.
$750.000 in 1911.
OFFICERS.-Pres., Ray Rushton; Sec., II. F. Crenshaw; Treas.,
against $1.060.000 in 1913, 4775.000 in 1912 and
OFFICERS.-Pres., Calvin G. Goodrich', 1st V.-P., Horace Lowry; Chas. E. Norton.-V. 88. p. 375; V. 91, p. 1026; V. 94, p. 207, 1764:
Sec., A. M.Robertson: Aud., D.J. V. 95, p. 47; V. 100, p. 734.
2d V.-P., John R. Mitchell; 3d V.-P.&
Strouse; Treas., E. A. Crosby.-V. 92, P. 190, 324, 763, 1637: V. 94, p.
98. p. 388, 604. 1768, 1847:
345, 352; V. 96, p. 361. 849; V. 97, p. 1735; V.
MONTOTJRSVILLE, PA.
V. 99, p. 50, 1301. 1453; V. 100, p. 399,728, 1439; V. 101, p. 132,371.
trolley road.
MONTOURSVILLE PASSENGER RAILWAY.-A
ORGANIZATION.-Chartered in Pennsylvania June 28 1897. ComELEC. TRAC. CO. menced operations Dec. 16 1897. Owns all the stock of the Montoursville
MINNEAPOLIS ST. PAUL ROCH.& DUBUQUE
Operates a unit power Electric Light Co. Stock auth. and issued, $75,000. Funded debt auth.
-Commonly known as 'Dan Patch Elec. Line.
car system.
and issued, 3112.000 5% 30-year gold bonds (tf) dated May 11908, int.
ORGANIZATION.-Incorp. on June 10 1907 in Maine to construct a M.& N. Operates 5A m.of track from Williamsport to Montoursville. Pa.
line 300 miles long connecting Minneapolis and St. Paul. Minn., and DuEARNINGS.-12 mos. ending April 30 1915 (Incl. Mont. Elec. Lt. Co.).
buque,Ia. 125 miles of road between Minneapolis and Mankato.Minn.. gross, $29,587; expenses, taxes, interest, &c., $31,161; deficit, $1,574.
in operation (3 miles of which is on private right-of-way in Minneapolis),
OFFICERS.-Pres.,C.L. Peaslee, Williamsport; V.-P., F.0. Leonard:
bringing passenger and freight cars into the leased Minneapolis terminal
Sec. & Treas., W. P. Beeber, Williamsport; Gen. Mgr.,
(see Electric Short Line Terminal Co. in V. 100, p. 1832). In June 1914 Cloudersport;
Renninger, Montoursville.-V. 88, p. 375; V. 91. p. 1026; V. 91.
Frank
the
its
of
50
years
portion
for
leased from the Chicago Great Western RR.
95, p. 47.
line extending from Randolph to Mankato,Minn.,67 miles. V.99, p. 197. P. 207, 1764: V.




SEPT., lo15.1
MORRISTOWN, N. J.
MORRIS COUNTY TRACT

ELECTRIC RAILWAYS

67

OFFICERS.-Pres.. 0. M.
V.-Ps., H. M. Byllesby, Geo. E.
ION.-An electric road.
Hardy and F. 0. Wolcott; Sec.Clark;
ORGANIZATION.-Incorporate
& Treas., G. L. Estabrook; Asst. Sec. &
d
Asst.
in
Treas., William Liliey. Under manag
New
Jersey
Charte
in
1899.
r
gives company right of eminent domain
ement of E. W.Clark Management
. Built mostly on private right of
Corp.-V.94, p.
way. Franchises through towns
1187. 1696; V. 95, p. 481, 549; V. 97. P. 1287;
are perpetual or for 35 years.
V. 98, p. 913; V. 99, p.1120;
539; V. 100, p. 1593, 1667.
On Feb.21 1913the N. J. Pub.Uti
lity
Comm.
approv
ed
the
plan to issue
$300,000 cap. stock to retire the
(1)
lle Railway & Light Co.-Street railway and lightin
for ten old), and $4,179,000 bonds$3,000,000 existing stock (one new share $335,0Nashvi
g system.
00 of the pref. and practically
of an auth. $5.000,000, to be secured by
all of the common stock owned by
a mtge. to the Safe Dep. & Tr.
Tenn.
By.,
Lt.
Co.
& Pow. Co.
of
Pittsb
urgh,
as
trustee
; $3,000,000 for
refunding existing bonds and $1,179
,000 for other indebtedness. V. 95, P.
ORGANIZATION.-Incor
1746, 680; V. 96, p. 653.
d in Tennessee on June 26
Is a
reorganization of the Nashvilporate
le Railway Co., sold under foreclo1903.
STOCK AND BONDS- Date.
sure of the
latter's first consol. mtge. The
Interest. Outstanding. Maturity.
Nashvil
le By. was a consolidation in 1900
Stock common (see text)_
of the Nashville Street Railway, the Nashvil
$300,0
00
le & Suburb
First mortgage 23,000,0001
and the Citi1905
5 g J-D 15 3,000,000 June 15 '35 zens' Rapid Transit, the Cumberland Electric-Light & an
($1,0
00 ) gold callable at Safe
Union
& Power Co. Does practically all the street Power and the
Deposit & Trust Co., Phila., Truste
e. mercialLight
110 and interest___c*&r.tf
railway and comelectri
c-l
Int.
ighting
at
Nation
and
Iron
al
Bank,
power
Morris
business in Nashville. Franchises pertown. petual.
General mortgage $5,000,0001
1913 5 g J-D
1,179.000
1948
21,000) gold
c*.tf jInt. at Safe Dep.& Tr. Co.,Pittsb., Truste
STOCK AND BONDS- Date.
e.
Iionds.-Of the gen. mtge.
Interest. Outstanding. Maturily.
bonds,
$3,000
,000
are
Commo
reserve
n 24,000,000
d to retire the
first mtge. 5s. No sinking fund.
$4,000,000 Apr.'15 1%
Pref 5% cum $2.500,000
be called at 105.
EARNINGS.-For calendar yearMay
2,500,000 July'15, 1
1914,
gross,
McG
$310,1
&
Mt
13;
V
Horse
net,
$98,04
RR lstM 1886 6T
In 1913, gross, $282,402; net, $85,73
5.
i.
-J
7.
65,000 July 1 19
($100,$500& $1,000)_cn tf Int.
ROAD.-Is to build 75 miles of road
at
Nashvi
lle Tr. Co.,Trustee,& in N.Y.
Elizabeth, N. J., to Netcong,
Second series ($1.000_cntf 1887
with a branch from Denville to Boontofrom
6
J-J
other
and
n
branch
485,00
es.
0 July 1 1937
Road
is in
operation from Morristown to Lake Hopatc
21% miles, with branches Nashville & Edgefield 1st M Int. at Nashville Tr. Co.,Trustee.& in N.Y.
to Boonton, 5 miles, and to Wharton, 2X ong,
1886 6 J-J
miles; also from Elizabeth to
($100,$500& $1,000)_cntf Int.
99.000
Springfield, 6 miles, and from
at Nashville Tr- Co.,Trustee,Jan 1 1917
ood to Springfield, 2% miles, and
Consol M $400,000 ($500, 1890
& in N.Y.
thence 8X miles to end of track Maplew
6 J-J
Danforth Road(1X miles beyond
and $1,000)
274,000 Jan 1 1920
Madison), total 46.95 miles of road. atTotal
cntf
Nashvil
in operation, 58 miles. The Nashville St By 1st mortgage 1895 le Tr. Co., Nashville, Tenn., Trustee
3 miles of road between Danforth Roadtrack
5 g J-J
and Morristown are owned by the
907,000 Jan 1 1925
$2,000,000 g ($1,000)
Morris RR. and are operated under lease.
tf Nashville Trust
Gauge, 4 ft. 8% in. 70-1b. Nashv Ry & Lt consol c*n
T rail in country, 80-1b. girder in
mtge 1903 5 g J-J Co.,Nashville, Tenn., Trus.
cities. The building of a line from Land4,054,000 July 1 1953
26,000,000 g ($1,000) sink- Interes
ing to Notcong is under consideration.
t at Guaranty Trust Co., N.
ing fund
Y.,Trus.
OFFICERS.-Pres., Henry R. Rea, Pittsb
c*tf
urgh, Pa.; V.-P.. Jos. K. Nash Ry & Lt ref & ext mtgel 1908
Choate, Morristown; Sec.& Treas.
5 g J-J
,
0.
G.
3,310,000 July 1 1958
Schult
z,
Morrist
$15,0
own',
00
,000
Gen.
($500, $1,000) Int. at Guaranty Tst
Mgr.,
0.0. Weidman.-V.95, p.680. 1608,
Trust
Co.,
N.
1746; V.96. p.63,653; V.97, p. 521.
Y., Trustee.
gold
c*tf
or at Nashville Trust Co., Nashvil
as
Bonds.-The Nashville By
le.
Lt. consols of 1903 are subjec
any interest date on 60 days'&notice
t to call on
MOUNT HOLLY, N. J,
at
1073-i.
No
more
can be issued
except $56,000 now in treasury. Sinkin
BURLINGTON COUNTY TRANSIT CO.
g
fund $30,00 per annum, com-Trolley.
mences July 1 1913,
ORGANIZATION.-Incor
only if company has surplus0above
d in New Jersey on July 1 1910, as div. on pref. stock; but
charges and
successor to the Burlington porate
bonds to be kept alive inasinking
y By. Co. V. 90, p. 1612. Stock auth.
fund. Int. on the
Nashville & Edgefield Consol
and issued, $120,000 ($50).Count
.
6s
payabl
e at office of company in Nashvil
bonds.
No
or
Hanove
r
Nat.
Bank,
le
N.
EARNINGS.-For year end.
Y. Int. on Nashville St. By. bonds
30 1915, gross, $73,101; net from able at Mechanics' Nat. Bank,
1895 payoper., $6,160; divs. (4%), $4,750;June
Y. Of the new ref. and of
surplus, $1,410.
$5,940,000 are reserved for priorN.
ext. bonds,
ROAD.-About 15 miles of track
liens,
$444.000 are in treasury, and
from Burlington through Mt. Holly 306,000 may be issued at
$5,and Hainesport to Moorestown. 60-1b.
rate of $1.000 for each $1,250
T rail. Gauge, 5 ft.
future improvements and equipm
ed for
OFFICERS.-Pres., Albert Haines; V.
ents, not over $700,000 to beexpend
-P., John D. Johnson Jr.; Sec.- calendar year, and subject
issued
in
any
Treas., Armitt H. Coate; Mgr., Edwin
to
certain
C. Davis.
called. Sinking fund of X of 1% of other conditions. Bonds cannot be
outstanding bonds starts July
bonds in sinking fund being kept alive.
1 1918,
See
particu
lars of bonds, property,
&c., in V. 87, p. 227.
MUSKEGON, MICH.
Dividends.-The first dividend on pref.
MUSKEGON TRACTION
stock-2%%-was paid Jan. 1
LIGHTING CO.
1905 and 2%% each six months since
An Jan. 1906 almost the entire&stock
to
and
was acquired by the American Light 1910 changed to quar.
including July 1910. In Oct.
& Traction Co. V. 82, p. 49.
and paid lg %,and same amoun
t quar. since to and
incl. July 1915. First
ORGANIZATION.-Incorporate in Michig
an on March 1 1901, and is 3%, In 1911, Jan., city. on com.-1%-was paid July 11909. In 1910,
a consolidation of the street railway,delectri
April,
3470:
%; July, 17o; Oct.. 1%. In 1912.
city. Franchises expire: gas, 1925; electri c-light and gas companies of the Jan., 1%; May,11%;special; July, 1%;Sept.,
1%%;Nov.,2%. In 1913,
c. 1930; railway,Indeterminate. Feb., 13%, special; May,
Does not now do city lighting. V.
3%; Aug., 234%. None to April
p. 1387.
1% was paid. Practically all
1915, when
On Aug. 30 1915 applied to Mich.93.
common stock acquired by Tennes
RR. Comm.for permission to increase Lt. & Pow.
see By..
its auth. capital stock from $700,0
Co. In May 1912.
00 ($600,000 com. and $100,000 pref.)
to $1,000,000. V. 101, p. 774.
REPORT.-Years ending Dec. 31:
STOCK AND BONDS- Date.
Calend
ar
Gross
Net (after
Interest. Outstanding. Maturity.
Interest,
Stock $600,000 ($100)Pref. Div.
Year- Earnings.
Balance,
Taxes).
$600,000
Preferred 2100,000 6% cam-----1914
Surplus.
$2,240.308
$886,576
63,000
$499,6
See text
71
First mortgage $600,000 gold{ 1901 6
$12
(
60
1913
$261.905
2,207,246
6
M-S
g
868,22
7
600.00
464.23
0
Mar
5
($1,000)
125,000
PROPERTY.-Operates 98.11 miles of
278,992
tf Interest at Wyoming Valley Trust1 1931
single track. Has 219 passen
Co., and 12 other cars.
Callable at 105
ger
Wilkes-Barre,
Power plants have a capacity
Trustee.
of 18.350 k.w.
Dividends.-On preferred stock 6% yearly
OFFICERS.-Pres.,0. M. Clark;
from
Pa..
1002
V.
to
-P.,
date.
M.
S.
Hopkins; V.-P. & Gen.
ROAD.-Owns 15 miles of road and serves as
Mgr.,
F.
W.
Hoover
;
Sec.
&
Treas.
, H. 0. Walters.-V.92, p. 262, 1370,
Rapids Grand Haven & Muskegon Ry., which a terminal for the Grand 1701; V. 94, p. 351, 768,
827, 1317, 1449,• V. 95, p. 1608:
operates 40 miles of track 863;
between points indicated in the title.
V. 96. p. 420.
V. 97, p. 887; V. 98, p. '763, 1538,
1767; V. 100, p. 1168.
OFFIGERS.-Pres., John Vanderyterp;
(2) Chattanooga Railway & Light Co.
V.-P. J. T. Young; Sec. &
Treas., H. P. Lewis, Muskeg
Asst. Sec. & Asa. Treas., 0, N.
Tennes
see
Ry.,
Lt.
&
Pow.
Aud., James Lawrence; Gen.on;
Co. owns practically all of the $3,000
Jeliffe:
Supt., Walter Eyke.-V. 92, p.
,000
595; V. 91, common and $2;000,000 pref. stock.
p. 1387; V. 96, p. 1840; V. 101, p. 774.
ORGANIZATION.-Incorporated in
Tennessee on July 29 1909 as a
consolidation of the Chattanooga
Railways Co. and Chattanooga Electri
Co.. per plan V.88, p. 1497.
c
MUSKOGEE, OKLA.
89, p. 285. Owns entire capital stock
Lookout Mountain By. Co. V.
of
MUSKOGEE ELECTRIC TRACTION CO.-A
Does
trolley
road.
interurban line, and practically all entire street railway, excepting one
ORGANIZATION.-Incorporated in 1904
the
electri
c-light
in Indian Territory. In Oct. In Chattanooga and vicinit
power business
1912 acquired the People's Electri Ry., which
y. Suburban lines run toand
was merged into this prop- Chickamauga Park and Lookou
Missionary Ridge,
erty, and issued 2600.000 new 1stc M.
t Mountain. In 1911 made
bonds to refund an earlier issue of tract with Tennessee
a 30-yr.
$450,000 and in part payment for
Power
Co.,
under
which
the
People'
it will obtain all powercons Elec. By. $200,000 addi- quired for its purposes and
tional bonds will be issued in final payme
rewill use its steam
nt when annual net earnings are Franchises, with minor
s for reserve only.
twice the interest charges on
exceptions, without limitstation
bonds
out,
includi
of
time.
ng
these
$200,000. Franchises are unlimited as to time.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Right of Purchase by City.-The city has the
right to purchase all the com- Common $3,000,000(2100)
pany's property within city limits in 1934
$3,000,000 See text
and at the end of every 15-year Pref 22,000,000 5% cum MOO
Q-J
period thereafter, at a price determ
2,000,000 See text
First
and
refund
inable
ing mortgage 1909
by arbitration, but in case of
5 g M-N
such purchase the bonds must be either paid
2,395,000 May 1
$15,00
0,000g
($1,000
off
).c*tf
Fidelit
or
assume
y
Trust
d
by
Co.,
the
city, Chatt Rys 1st cons
Philadelphia, Truste1956
and in the latter event the company must be allowe
e.
mtge,
see
d
to operate its cars
1906
5 g M-N
from suburban or interurban points to the centre
2,165,000 May 1 1956
text($500 & $1,000) g_c*tf Int.
of the city on a rental
at Comm.Tr.Co. of Phila.. Phiia.,
basis. See V. 95, P. 1331.
Trus.
Chatt El By 1st M $625,000 1898
5
J-J
g
625,000 Jan 1 1919
Has favorable long-time power contract with the Muskog
g not sub to c(21,000)c*ntf Int. at Maryland
ee Gas El. Co.
Trust Co., Balt., Trustee.
STOOK AND BONDS- Date.
Interest. Outstanding. &
ar 5% gold notes $1,- 1915
Maturity. Two-ye
5 g J-D
615,000 June 1 1917
Stock $500,000 ($100)
000.00
0
($1.00
$500,0
0)
c
Penn
00
Co.
See
text
Ins. on Lives, &c., Trustee.
First mtge $5,000,000 sinking), 1912 5 g M-N
Stock.-Pref. shares equally with com.for
600,000 May 1 1934
after com. has received 5%.
fund gold 41.000)
c* Int. at Equitable Tr. Co., N.
Bonds.-The $3,000,000 Chatta
nooga Rys. mtge. has been closed;
Y., Trustee. able
Remaining bonds may be ssued for additio
callany
int.
date
ns
and
at
107
and
better
int.
ments
on
3 mos.' notice. Of the 1st & ref. bonds.
at 80% $73,000 are
of cost, with certain restrictions. Subject to call as
in treasury, $2.790.000 are reserve
a whole, or in part,
at for extensions,
d for prior liens and $9,311,105 and int. on any int. day on 3 weeks 'notice.
better
Semi-a
ments
nnual
and
sinking
improv
ements
fund
began Jan. 1 1914 of % of I% of all bonds outsta
at 85% of cost. 2431,000 pledged as part security for Chatt. By.
nding. V.95, p. 1331.
Dividends.-1908, 5%; 1909, 6%;
No sinking fund: callable at 105 and int. on& Light Co.5% notes due 1917.
to 1912, inclusive, 8%.
any int. date after Nov. 1 1916
EARNINGS.-For year ending Dec.1910
311913,gross,$174,320; net,$58,- on 60 days' notice. Int. payable at Hodenp
yl, Hardy & Co. and at
611; taxes, bond int. and other charges, $40.589;
surplus, $18,021. Pass- office of trustee. V. 89. p. 846.
engers carried in 1913; 3,246,696.
The 2-year notes can only be issued to the extent
of 75% ofthe face value
ROAD.-Operates city lines, 16.13 miles, and
of the bonds pledged as securit
interu
y.
rban
Interes
and
t
suburb
payable at office of E. W.
15.13,• total, 31.26. Standard gauge,
an, Clark & Co.. Philadelphia,
and 60-1b. T rail. 47 pass. cars
Pa. Secured by $431,000 Chatt.
(of which 34 pre-payment); 2 misc. cars70
Ry. & Lt.
Co.
1st
and 1 elec. locomotive. Also
& ref.55 and 2389,000 Lookout Mountain 1st
an amusement park on Arkansas River about
M.Os. Red.at par and
5 miles from Muskogee.owns int. on any int. date on 30 days' notice.
OFFICERS.-Pres., R. D. Benson; V.-P., W.
Dividen
ds.
-Pract
ically
S.
all the corn, and pref. stock is owned
Benson; Sec. & Treas.,
W. M. Cutlip; Local Mgr., R. D. Long.-V.
by the
Tennessee Ry., Light & Power Co.
95. P. 1331.
EARNINGS.-For 12 mos. ending
Dec.
311914
,
gross,
$1,085
,096; net,
after taxes, $385,373; interest, &c., $339,4
NASHVILLE, TENN.
09; surplus, $45,964. Passengers carried in 1914, 16,384,356,
TENNESSEE RAILWAY LIGHT &
against 17,861,4.93 in 1913.
POWER CO.
ROAD.-Including Lookout Mounta
ORGANIZATION.-Incorp.
in
Ry.,
in Maine on April 23 1912. V.
operate
s
73.158 miles of
Is a holding company and owns all the stock of
94,p. 1120. single track. Extensions to Chickamauga Park and Lookou
Tennessee Power Co., prac- are under construction. Gauge,
t Mountain
tically all the common and $335,0
4 ft. 8% in. T and girder rails.
preferred stock of the
110
Nashville By. motor, 12 trailers, 2 incline cable and 9 work
& Lt. Co., practically all the com.00and
pref.
cars.
Two
generating staLight Co. and all the stock of the IIarpeth Elec.stocks of the Chatt. By. & tions; total capacity 9,000 k.w.
Bankers offered Tennessee Power Co. bonds Lt. & Power Co.
OFF10ERS.-Pres.,0. M. Clark; V.-Ps.,
and
Tennes
M.
S.
see Ry. Light & and F. W. Hoover; Sec.
Hopkin H. L. Clark
Power com. and pref. stocks in April 1912 on
& Treas., 0. L. Estabrook; Asst.s,Sec.
basis of $1,450 for each block
of $1.000 bond and $500 pref. and 21,000 com.
& Asst
Treas., Wm. Bingham.-V.89, p. 285.
stock . V. 94, p. 1120.
846; V. 95, p. 543, 1122.
STOCK AUTHORIZEDLooko
(a)
Outstan
ut
Mount
diny.
ain Railway Co.
Last Div.
Common $20,000,000 ($100)
218,000,000
ORGANIZATION.-Owns electric line on
Pref $50,000,000 ($100) 6% cum (see text)
top of Lookout Mountain
10,250,000
and, through stock ownership,
See text
One-year 6% note participating receipts
s the Lootrout Incline Co. (whose
2,500,000 June 22 1916 stock and bonds are deposited control
These participating receipts are issued by
under the company's mortgage).
Stock
N. Y. and entitle the holder to a certain interesthe Guaranty Trust Co. of all owned by the Chattanooga Railway & Light
Co. Private right-of-way
t in a 1-year 6% promis
except short piece of track on which franchi
note for $2,500,000 executed by the
se expires in 1926.
By. Lt. & Power Co. andsory
cured by $2,500,000 Tenn. Power Co.Tenn.
seSTOC
K
AND
1st
BOND
5s and $2,500,000 common stock
S- Date.
Interest. Outstanding. Maturity.
of the Nashville By. & Light Co.
Stock ($500.000)
$500,000
STOOK.-Pref. stock is entitled to cum.
divs. from June 1 1912. V. 94. 1st mtge $2,000,000 (21,000)1 1913 6 g M-N
389,000 May 1 1956
P. 1120.
gold..
c*tf Phila. Tr., Safe Dep. & Ins. Co.,
Dividends.-InItial div. on pref., paid Sept.
Phila., Pa.
Bonds.-Lookout Mtn. By. bonds are
1912,
red.
at
105
13%;same amount, $1,611,000 reserve
and int. on any int.date.
quarterly to and incl. June 1914. None
for
d
impts.
since.
, &c.. at 85% of cost of same. Bonds
EARNINGS.-Combined earnings of constit
standi
outng
are
pledged as part security for Chattanooga By.
uent companies for calendar Int.
year 1914 were: Gross, $3.762,387;
& Lt. 5% notes.
payable at offices
&c., $1,094,420; surplus, $396,978. net, after taxes, $1,491,398; interest, & Co., New York. of E. W.Clark & Co.. Phila., and Hodenpyl. Hardy
PROPERTY,&O.-The constituent cos.
EARNINGS.-Included in Chattanooga
own and operate electric-light
R. dr Light Co. earnings.
power and traction properties in Nashvil
ROAD.-Operates a cable road of 5,000 feet
le, Chattanooga, Cleveland, and,
and has 9.8 miles of electric
several smaller cities. A numbe
road
around and on top of mountain. 12 passen
r
of
Tenn.,and Dalton and Rome, Ga., are other cities, including Knoxville.
OFFIC
ERS.-Pres.,C. M.Clark; V.-P., M.S.ger cars.
under contract for electric service.
Hopkins: Sec.& Treas..
G. L. Estabrook; Gen. Mgr., F. W.Hoover
.-V.83, p. 323; V. 87, p. 226.




68

ELECTRIC RAILWAYS

(3) Tennessee Power Co.
& Power Co.
Stock all owned by Tennessee Ry., Light
ee on April 24 1912 as a consoliORGAN IZATION.—Incorp. in Tenness
and Great Falls Power Co.;
Co.
Power
dation of the Eastern Tennessee
y belonging to Sweetwater Elec. Lt.
has also acquired the property formerl
Light & Power Co., Sparta
Elec.
Sparta
Co.,
Elec.
)
Co., Cleveland (Tenn.
Franchises.—The co.'s power plants
Water Co. and A. & T. Power Co. lines
private right of way and
on
are
ssion
transmL
its
and
fee
in
are owned
or restrictions.
therefore not subject to franchise limitations
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS— —Ail
owned by Tenn. Ry., Lt. & P. Co.—
Stock $20,000,000($100)
1 1962
1912 5 g M-N 17,500,000 May
First mtge $50,000,000 gold),
Trust Co.. N. Y.. Trustee,
guar.p & 1 ($1,000)__c*nttfInt. at Bankers
are
000
$102,000 are in treasury, $2,500, ,000
Bonds.—Of the remaining bonds,
$39,898
Ry.,Lt.& Pow. Co.coll, note and
pledged as security for Tenn.acquisit
fund,
Sinking
ments.
ions and improve
are reserved for extensions,
dinary
begins May 1 1917; to be used for extraor
for
1% per ann. of bonds out,
s, enlargements and extensions; also
renewals, replacements or addition
on 12
Int.
and
or sts part at 107
cancellation of bonds. Red. In whole
is also trustee.
Y.,
N.
Close,
B.
N.
F.
549.
p.
95,
V.
weeks' notice. See
net, after taxes,
EARNINGS.—For cal. year 1914, gross, $700,372;
$238,430.
Ocoee River near
PROPERTY, &O.—Owns water-power sites on the h. p
Option has
Parksville, Tenn., with an ultimate capacity of 80,000
p. additional, and at
h.
of
30,000
ment
the
develop
for
sites
on
secured
been
p. Of the
h.
80,000
ing
develop
of
capable
a
site
Great Falls, Tenn., owns
on Jan. 1912 and No. 2
development in operation. No. 1 was put in operati
45,000 k.w. Also
y,
capacit
Total
1
1914.
April
on
e
operati
complet
In
lines extending from the power
owns 506.77 miles high-tension transmission
the Georgia State Line, where
plants to Nashville, Knoxville, Chattanooga,Co.
serving Rome, Ga. SupPower
Georgia
the
with
made
is
connection
Co. Knoxville Ry. &
'
Light
&
Ry.
le
plies all current used by the Nashvil
Co. and, through
Cleveland Elec.'
Lt. Co., Chattanooga Ry. & Lt. Co., light
and street railway
power
and
electric
the
to
the Georgia Power Co.,
ed
from the Chattapurchas
also
is
system in Dalton and Rome,Ga. Power
1698, 1618.
nooga and Tennessee Power Co. See V.98. p.

[VOL. 101.

from June 11903) the first
Bonds.—The trust certifs. bore 2% int.(dating
increased by 3,6% each following year
two years, 2A % the third year. andyear,
is
the rate now paid. See
which
the
tenth
in
until 6% was reached
the
terms upon which the stocks ofThe
V. 80, p. 164. The following shows the
trust certificates.
the
for
ed
exchang
were
es
compani
uent
constit
ates.
certific
trust
the
for
as
security
stocks acquired are pledged
New Total co.
Certifi- If All Stock
Total
Total
Deposited. cotes. Exchanged.
Stock.
1615.000,000 $14,994,400 40% $6,000,000
*North Jersey Street Ry
*Jersey City Hoboken & Pat—
7,000,000
20,000,000 19,984.600 35%
erson Street Ry
*Elizabeth Plainfield & Cen30%
00
3,000.0
00
3,000,0
Co
Ry.
tral Jersey
00
923.500 30
Orange & Passaic Val. Ry.Co.. 1,000,0
8
80
80
39803,0
6.00
20,000,000 19,594.500 30 o
United Electric Co

$20,200,000
Total
Railway do., which see below.
* Now merged in Public Service stocks
so as to
used
be
not
shall
pledged
the
that
The trust deed provides
of the companies nor to create any new
increase the capital stock of any es
LIP existing debt of any
take
to
except
compani
ve
respecti
liens upon the
subsidiary companies.
such company or of underlying or $50,000
bonds (*opened outstanding,
$50,000.000 Mortgage.—Of the $10,000,000
,000 thereof being deposited as
bonds,
y
$12,500,000 are treasur collateral gold notes. For security of bonds see
collateral to the 2-year
as a whole (but not in part) on any list.
V. 89, p. 1348; V. 90. p. 698. Red.and
int. Commencing Aug. 11913, an
date beginning Oct. 11919, at 105
$209,500 draws bonds at 105 and int.
annual sinking fund payment of
Stock Exchanges. V. 91, p. 717;
Phila.
and
Y.
N.
on
listed
Bonds are
V. 92, p. 1179: V. 93, p. 1191.
ed $10.000.000 Public
As collateral to the notes of 1914 are deposit
e 55.
Service Corporation general mortgag
1% was paid Sept.30
1997:
29
June
paid
was
Dividends.—First div. of 1%
In 1908,4%. In 1909. l %. In 1910.5%.
1907 and 1% Dec. 31 1907.
%.
.11
1'4%; June,
sr
M
In
1915,
6%.
1914,
and
In 1911, 1912, 1913
in V. 100, p. 974. 1000):
REPORT.—For cal. year (1914 report
1912.
1913.
1914.
Gross Earnings—
$16,379,310 316.201.933 $15,262,426
Railway company
9.809,670
10,555,556 10.222.668
company
Gas
7,582,374
8.545.845
9,340,749
RY.
company
Electric
NASHVILLE-GALLATIN INTERURBAN
and
Tennessee. Capital stock auth.
$34.970.446 $32,654,470
,615
$36.275
ar
ORGANIZATION.—Incorp. in
30-ye
0
s
earning
$600,00
Total gross
zed and outstanding,
$19,892,708 $18,844.603 $17,779,434
outstanding, $750,000. Authori
1911 and due July 1 1941. Callable Operating expenses and taxes
722,078
1,007.591
1,303.609
5% gold bonds(c*tf)dated July 1int.
Int. J. & J. In Nashville. Nash- Amortization charges
on or after July 1 1916 at 105 and
,512
$18,501
.199
319.852
trustee.
,317
Co.,
$21,196
ville Trust
Total expenses
miles between Nashville and Gallatin.
$15,079,298 $15,118.247 $14.152,958
ROAD.—Operates approx. 28passeng
5 1913. Total Net earnings
April
on
service
er
for
on
from
operati
income
J.
Serv. Corp. of N.
Road was placed in
1,939,339
2,308,874
45
-lb. A. S. 0. E. rails. Standard gauge. Pub.
securs.pledged & from misc.sources 2,484,6
length of track, 30 miles. 70
of Nashville By. & Light Co. An extension
Enters Nashville over tracks15
,297
$16,092
,121
lated.
817,427
contemp
,943
is
miles,
$17,563
about
Total income
to Springfield, Tenn.,
V.-P. & Gen. Mgr., B. C. Edgar;
Deduct—
OFFICERS.—Pres., F. W. Hoover;
1215.
p.
and
V.99,
1157;
leased
p.
of
V.96,
111;
rentals
p.
Interest and
Sec.& Treas., H.C. Walters.—V.95,
$12,097,110 $11,911,316 $11,289,076
controlled companies
2.749,997
3.267.605
96
Fixed charges of Public Service Corp_ 3,841,4
562.259
CO.
42,248
0
NASHVILLE TRACTION
deductions
capital from $500.00
zed
Other
authori
1,500,000
its
00
d
1.500.0
increase
00
1914
in
1,500,0
late
This company
from the north- Divs. on Pub. Serv. Corp.stock (6%)
cting a trolley line in Nashvillethe
to $1,000,000 and is construnear
boundary on
Cecilia Academy to
.180 $15,539,073
St.
$17,241
,851
city
$17,480
the
of
y
ons
comboundar
ern
ction has been
Total deducti
$553,224
$185.941
that about half the constru
$83,089
Lafayette St. It is statedcontemp
The road is being built by the Balance, surplus
r; 1st V.-P., George J. Roberts;
and
pleted. Other work also ction lated.
RS.—Pros., Thos. N. McCarte
with which Nashville. Tenn., that
OFFICE
Co.,
Constru
P.,
Anthony
Detroit
4th.V.;
&
Morgan
le
Randal
Nashvil
-P.,
In April 1915 it was reported
2d V.-P., John J. Burleigh; 3d V.
S. Young.—V.95, P. 111, 1208;
Detroit, Mich., parties are identified.
V. 100,p. 1349; V.100. p.1349. R. Kuser; sec., Ed. W. time; Treas., Percy
1151,
1072,
p.
98,
V.
1879;
522,
366,
238,
pp.
the Detroit interests had sold their control.
97,
V.
Sec., Capt. T. M. Steger, both V. 96, p. 136. 941, 951;
833, 1911; V. 100. p. 399,902,974, 1000,
OFFICERS.—Pres., Walter O. Palmer;
1317, 1846; V.99, p. 1529. 1748;"1
1349.
371.
p.
101,
V.
2168;
2086,
2011,
of Nashville.—V. 99, p. 1366; V. 100, p.
1259, 1511, 1593,
AY CO.
CE NEWARK TERMINALIsRAILW
PUBLIC SERVI
constructing an office
April 1913.
MISS.
HEZ,
ORGANIZATION.—Incorp. in hes
NATC
business section
the
of
heart
the
in
approac
and
CO.—Street, railway, gas and and terminal building
ion of property see V. 100. p. 2011.)
SOUTHERN RAILWAY & LIGHT
of Newark. (For descript
June 1 1915 to the
from
years
50
for
is
leased
y
propert
.
electric
Lease.—Entire
Co.
n
in 1908 and took over Souther
Co., Publid Service Gas Co. and Public Service Elec.
ORGANIZATION.—Incorporated
rates and
ation of the Public Service By.
loss than a sum sufficient to pay the taxes, water
85, p. 1144). which was a consolid
Light & Traction Co.(V.
e bonds.
Light, Power & for a rental not
mortgag
first
the
Natchez
on
the
ments
Co..
require
Power
fund
&
Ry.
sinking
and
Natchez Electric Street
the Public Service Ry. and the Public Service
Light Co. Gas franchise perpetual; street interest
It is proposed to consolidate
Transit Co. and the Natchez Gas
for share,
franchises expire in 1949. Does the entire
l By. the Railway Co. to issue its stock, share
railway and electric lighting
. Has Newark TerminaTermina
Natchez
s
of
busines
power
V. 100, p. 1259.
and
g
l
Co.
-lightin
for that of the
Maturity.
g.
street railway, gas, electric lighting which expires in 1919.
Ou,
standin
.
Interest
STOCK AND BONDS— Date.
contract with city for street
31.250.000
Interest. Outstanding. Maturity. Stock 89.000.000 (8100)Date.
1 1955
June
00
5.000.0
J-D
g
5
STOOK AND BONDS—
1915
)1
$45.670
1st m 85,000,000 g ($1,000
c*.tfjFidelity Trust Co.. Newark. Trustee. and
Stock $45,670 ($100) $500.-1 1903
335,000 Apr 15 1933
5 g A-015
sinking fund
y guaranteed as to prin., int.
tionall
uncondi
New
Sou Lt & Trac 1st M
Co.,
are
Bkg.
&
Trust
bonds
e
Inter-Stat
Bonds.—The
c*tf Int. at
and severally, by the l'ublic Service
N. Y. sinking
000 gold ($1,000)
fund by endorsement, jointly
Orleans, Trustee,or at First Nat. Bk.,
tion of Now Jersey. Sinking fund of
betterments and extensions. Are sub- Ry. Co. and Public Service Corpora
Bonds.—$160.000 are reserved forhave
15
1920. Red. a• a whole on or after
April
ng
1086.
p.
76.
V.
beginni
See
retired.
y
been
830.000 annuall
on six weeks' notice; also callable for sinking
ject to call at 105 and int. $5,000
June 1 1920 at 1.05 and int.
cars.
ng in 1920, at 10234.—V. 100, p. 2011.
beginni
year,
ROAD.—Operates 6 miles of track; 12
each
1
June
on
Natchez,. V.-P., E. H. Ratcliff, fund
OFFICERS.—Pres., Frank J. Duffy,
ley. New Orleans.—V.86. p. 1591.
ELECTRIC CO.
Natchez; Sec. & Treas.. J. W.Billings
PUBLIC SERVICE Service
Corporation by ownership of entire capital
Controlled by Public
stock.
ed in New Jersey on June 13 1910.
rporat
.—Inco
ZATION
J.
ORGANI
N.
RK,
NEWA
Corp. assigned to Public Service
—In July 1910 Public Service
Leases.
et
.—Stre
JERSEY
NEW
OP
Co. of N. J., Middlesex Elec. Light &
N
Elec.
RATIO
United
Electric Co. the leases ofContrac
PUBLIC SERVICE CORPO
Nichols Elec. Lt. & Power Co. of
on pages 80 and 81.)
Co.,
map
ting
.—(See
ken
electric
Weehaw
and
Co.,
gas
Power
railway,
electric
Jersey on May 6 1903 and Nutley, N. J., and Citizens' Elec. Light, Heat & Power Co. and nthe
ORGANIZATION.—Incorporated in New
Co., The Paterso & Passaic
Trac.
Public
&
stock, Public Service Ry. Co.,
es of South Jersey Gas, Elec.
ex Lighting Co. and The Gas
controls, through ownership of
Ry. Co. propertiElec.
Middles
Valley
&
Union
Passaic
t
&
Somerse
Orange
Co.,
Elec.
Gas &
Lt.& Pow.Co.
Service Gas Co.,Public Service
last named &
of Bergen County. Also leases Burlington El.own
Co.'
Electric Co.
of N. J. The stockholders of the two cos.
Elec. Co.,
Service
Co. and Bordent
and United Elec. Co.
of certain of the cos. out of which Public
Cinnaminson Elec. Lt., Pow. & Heating
& Power Co. and Shore
Co.,
Heat
Ry.
and also the stockholders
Light,
on
Street
Jersey
Princet
of
es
North
y
properti
(namel
ently formed
and electric
owned by
stations
&
power
ld
the
Ry. Co. was subsequ
s
Plainfie
operate
th
and
Elizabe
leases
g Co. In addition
Paterson St. Ry. Co. and
Co. and the Railway
Jersey City Hoboken &Co.)
in exch. LightinService
Railway Co. Also leases with tho GIs
were given certificates described below Fidelity
Public
l Ry. Soo that
Torimna
Central New Jersey Ry. in V.
Newark
The
1249.
Service
p.
also
Public
the
and
of
y
865
76, p.
Co. the propert
for their stock. See plan
d the transaction.
above.
n New companyauthori
Trust Co. of Newark finance
ding. 919.000.000, all owned
zed, $30.000,000; outstanCorp.
entire street railway business of NortherJersey.
Stock
No bonds. Real estate
Controls practically the
New
Service
of
part
greater
the
s
of
interest
(except directors' shares) by Public
permission from N. J. Public
Co.,
for
Jersey and the gas and lighting
Power
&
applied
Light
of Middlesex Electric
$202,867. in Aug. 1915
stock for extensions, &c.
Also owns entire capital stock
Power Co.of mtscoi.,
&
000
Light
$3,000,
Elec.
issue
Nichols
to
95),
ion
91,p.
(V.
s
Commiss
Co.
Utilitie
Morristown Gas Light
Amboy,
1%. paid Dec. 31 1910. In 1911, 1912,
Elec. Light, Heat & Power Co. (Perthand
Dividends.—Inittal dividend,lly
Weeentire stock owned by Public Service
Nutley, N. J., Citizens'Light
8%. Practica
& Power Co. Public Service RR. Heat
& 1913 and 1914,
d.
N. J.), Burlington Elec.
Light,
on
reporte
Princet
longer
of
stock
y
no
of
ds
majorit
dividen
a
and
Corp.
stock
hawken Contracting Co.;
1914 had 26 generating stations and 59
common
31
the
of
all
Dec.
lly
n
g Co. and practica
PROPERTY. &C.—O
Power Co. and Shore Lightin
capacity of 253,033 k. w.; 6:16 miles of transmisPerry Co.
total
&
a
By.
with
River
tations,
sub-s
Hudson
&
. Number of street arc
of New Jersey
sion line and 125 miles of conduit. Meters, 110,305
North Jersey Street By. Co.. Jersey
of lamps 13.334. and street incandescent lamps. 24.067.
Merger of Subsidiaries.—In 1907
Ry. Co. and United Street Ry. Co.
N. McCarter; V.-Ps., George J. Roberts and
Thos.
Co.,
es.,
Ry.
City Hoboken & Paterson Street
RS.—Pr
Service
E
Public
OFFIC
of
name
the
ated under
also John J. Burleigh; V.-P.& Treas., Percy S. H.Young; V.-P. & Gen. mgr.,
Central Jersey were consolid406
and 470. To Public Service Ry. Co.
which see below. V.85, p.
various railways formerly held by Public Dudley Farrand; Sec., E. W. Hine.
have been transferred the leases of
United Electric Co. of New Jersey.
under
Service Corporation.
d interest in gas properties and all rights to
ORGANIZATION.—Organized March 4to1899.
In Oct. 1909 all leaseholPlainfie
the
Public Service Corporation.
assigned
were
Co.
Gas
Light
ld
July 1 1907 for 999 years
Leased
Lease.—
Co. Under the
operating agreement with
see below; also V. 89, p. 594, 721, 847. es In July 1910 lease assigned to Public Service Electric
'ftblic Service Gas Co., which
light and power properti
cash assets of company were divided and a
electric
in
surplus
interest
0
8400.00
d
the
leasehol
lease
all
In July 1910
p. 44). Rental is
85.
(V.
1907
1614.
29
p.
90,
V.
paid
June
Co.
was
Electric
5%
of
Service
d
special dividen
were assigned to the Public
5% thereafter. V. 85, p. 44.
Newark 'Fermi sal Ry. below.
3% for two years,4% for next two years and
New Terminal.—Seo Public Service
819.594,500 of this company's stock and
Public Service Corporation owns
Supreme Court on June 8 1914 affirmed the
bonds.
e
Fare Decision.—The U. S.
the
mortgag
that
first
.
its
holding
of Errors and Appeals
$683,000 of
eattex
. sly
2u0.coding,
0
Outstan
uritty.
decision of the New Jersey ()ourt
Interest. $
Date.
County, N. J.. had the right to reduce fares
STOOK AND BONDS—
Chosen Freeholders of Hudson Port Richmond (Staten Island) & Bergen
.000
$20.000
Stock
1 1949
500
June
to 6 cents per round trip on the
18,617.
tion.
J-D
g
the Public Service Corpora
1899 4
by
owned
gold
,000
Is
$20,000
which
mtge
Co.,
First
Ferry
J.)
e.,
1Trus.
0o..JJu
.nC
C
Tr.0
Point(N.
Int. at N.J. Title Gu.&308.0
Interest. Outstanding, Maturity.
Date.
($500 and $1,000)____c*.tf 1898
5 g J-D
STOCK AND BONDS—
Con Lt Heat & Pow $1,000,- Int.
Q-M 31 $25.000.000 Juie'15.154
at N.T. Title Gu.& Tr.(Jo. J. C.,Trus.
Stock $25,000,000 ($100)_ 01 1903 6
al
tf
Perpetu
0
.047,77
*20
gold
M-N
000
($500)
1 1938
5 g A-0
367.000'
1898
Trust certificates $20,200,00 Fidelity Trust Co., Newark, Trustee.
Nor Hudson Lt Heat & Pow 1 Int.
tf
at N.J. Title Gu.& Tr. Co.,J. 0.,Trus.
50,000,000 Oct 1 1959
5 g A-0
$2.000,000 ($1 ,000)_ _ _ _tfabove there are $115,000 Con. Lt., Ht.& Pow.
1909
,
the
General mortgage$50.000:000 Int.
to
Trustee
,
Newark
addition
—In
Co..
Trust
Fidelity
Bonds.
at
c*tf
1st mtge. is guaranteed by Pub. Serv.
gold ($1,000) s f
bonds in hands of trustee. Int. on
or at office of J. P. Morgan & Co.
payment of prin. by extension, re7,500.000 Mar 1 1916 Corp., which also agrees to provide forF'irst
5 g M-S
1914
mtge. bonds are reserved to re114.
Two-year collateral notes $7,- Fidelity
Trust Co., Philadelphia, Pa., Trus. funding or otherwise. V. 90, p.North
Lt., Ht. & Power Bonds.—
Hudson
500.000
and
Pow.
&
tire Con. Lt., Ht.
tion.
93,P. 414; V. 94,D.987.
Corpora
the
V.
by
1106;
Of which $864.485 owned
V. 85, D. 44, 288.415; V.90, p. 114,
listed on N. Y. Stock Exchange, $25.000,000.
Stock
Stock.—
FRASER

Digitized for


SEPT., 1915.1

ELECTRIC RAILWAYS

Middlesex Electric Light & Power Co.
ORGANIZATION.-Is a consolidation of Carteret Electric Light &
Power Co. and Middlesex Lighting Co. Was leased May 1 1908 for 999
years to Public Service Corp. for an annual rental of 5% on stock and int.
on bonds. Lease assigned to Public Service Electric Co. in July 1910.
Stock all owned by Public Service Corporation, which also owns $21,000
of the first mortgage bonds.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock ($200.000)
$175,000
First mortgage ($200,000)1 1905
5 g J-J
181,000 Jan 1 1955
gold
tf J Fidelity Trust Co., Newark, Trustee.
Bonds.-Of the bonds, $19,000 are reserved for improvements.
Nichols Electric Light & Power Co. of Nutley, N. J.
ORGANIZATION.-Incorp. in N.J.Jan.3 1896. Stock $25,000 ($50):
all owned by Public Service Corp. No bonds. Was leased May 1 1908 for
999 years to Public Service Corp.(lease assigned to Public Service Elec. Co.
in July 1910) for an annual rental of 10% on stock.
Weehawken Contracting Co.
ORGANIZATION.-Inc. in New Jersey May 9 1904. Is leased to Pub.
Service Corp. for bond int. and 6% on pref. stock. Lease assigned in July
1910 to Public Service Elec, Co. Stock all owned by Public Service Corp,
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock cons $70,000 ($50)$70,000
Pref $41,050 ($50)_
41,050
First mortgage $30,000 gold! 1908 6 g F-A 20
30,000 Feb 20 1928
c*tflInterest at Weehawken Trust Co.,trustee.
($250)
Citizens' Electric Light, Heat & Power Co.
Leased to Public Service Corp. June 15 1910 for 999 years, and in July
1910 lease assigned to Public Service Electric Co.; rental equivalent to
10% on capital stock.
ORGANIZATION.-Incorp. in New Jersey on Mar. 1 1905. Stock
auth., $125,000 ($25); outstanding, $41,400 (ntf), all owned by Public
Service Corp. except $225 in hands of public, incl. directors' shares.

69

ORGANIZATION.-Incorporated in New Jersey. Stock $60,000 ($25);
all out; no bonds. Stock is owned by Essex & Hudson Gas Co. and Newark
Consolidated Gas Co. Operates in Harrison, Kearney, Arlington.North
Arlington and East Newark.
Hudson County Gas Co.
This company was leased to Public Service Corporation for 900 years
from June 1 1903. Oct. 1 1909 lease was assigned to Public Service Gas Co.
Under lease, div. rate is now 8% per annwn.
ORGANIZATION.-Incorporated in New Jersey in October 1899, and
is a consolidation of the various gas plants in Jersey City and Hoboken.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$10.500,000
Stock $10,500,000($100)First mortgage $10,500,000f 1899
5 g M-N 10,500,000 Nov 1 1949
gold
tf1N. J. Title Gu.& Tr. Co.,Jersey City, trust.
PLANT.-Controls all gas plants in Jersey City, Hoboken and Bayonne.
-V.78. p. 770; V. 84. p. 1555.
Ridgewood Gas Company.
ORGANIZATION.-Incorporated April 24 1900. Is leased to Public
Service Gas Co.for 999 years from July 1 1910 at rental of $2,000 per ann.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $100,000_
$100,000
First mortgage $100,000 ntfI 1900
100,000 June 1 1925
5 J-D
Int. at Equitable Tr. Co., N. Y., trustee.
Second mtge $100,000_ __ n tf 1905 6 A-0
85,000 April 1 1925
Int. at Fidelity Trust Co., Newark, Trustee.
Morristown Gas Light Co.
In 1910 Public Service Corporation acquired all the capital stock of this
company. V. 91, p. 95.
ORGANIZATION.-Incorporated in New Jersey on Feb. 19 1855.
Leased to Public Service Gas Co. for 999 years from July 11910. Rental
equal to 5% per ann. on outstanding capital stock. Stock out., $367,500
($100). all owned by Public Service Corporation. No bonds.
The Paterson & Passaic Gas & Electric Co.
This company was leased to Public Service Corporation for 900 Years
from June 1 1903. Under lease, div. rate was gradually increased and is
now 5% per annum. In Oct. 1909 gas part of lease assigned to Public
Service Gas Co. and in July 1910 electric part of lease assigned to Public
Service Electric Co.
ORGANIZATION.-Inc. Feb. 28 1899. Is a consolidation of the various gas and lighting properties of Paterson and Passaic.
Public Service Corporation owns $269,700 of the stock.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $5,000,000 ($100)- _--_ _ ---J-D
$5,000,000
Cons mtge $5,000,000 gold 1899
5 g M-S
4,049.000 Mch 1 1949
c tf Int. at First Nat. Bank, Paterson, or First
($1,000)
National Bank, New York.
Edison Electric Ill 1st mtge 1895
585,000 July 1 1925
58 J-J
$600,000
ntf Paterson Safe Dep & Trust Co., trustee.
Passaic Lighting Co cons mtg 1895 5 g M-N
316,000 May 1 1925
$450,000
ntf Guaranty Trust Co., trustee.
Passaic Gas Light 1st mtge( 1892 6 g J-D
50,000 June 1 1922
$50,000
ntf Paterson Savings Institution, trustee.
Bonds.-Of the new $5,000,000 mtge. of 1899, $951,000 is reserved for
underlying liens. The new bonds are not subject to call. The Paterson
Safe Deposit & Trust Co. is trustee.

Burlington Electric Light & Power Co.
ORGANIZATION.-Incorporated Oct. 6 1888 in New Jersey. Public
Service Corp. owns entire issue of stock, except directors' shares. Stock
auth., $25,000 ($50) outstanding, $17.550. No bonds. Leased for 900
years from May 1 1911 to Public Serv. El. Co. at a rental of $2,250 per ann.
Cinniminson Elec. Light, Power Se Heating Co. of Riverton, N. J.
ORGANIZAT1ON.-Incorp. Nov. 28 1892 and leased to Public Service
Elec. Co. April 1 1914 for 46 years at a rental consisting of the amount
necessary to maintain the corporate organization of the lessor, the interest
on bonded indebtedness of lessor, and $100 per ann., payable each Apr. 1.
All stock ($50.000 authorized and $20,000 outstanding) and bonds
($40,000) owned by Riverside Traction Co.
Bordentown Electric Co.
ORGANIZATION.-Incorp. May 28 1912, and is leased to Public Serv.
Elec. Co. April 1 1914 for 46 years for $100 per annum and amount necessary to maintain corporate organization of the lessor. All the $50,000 auth.
and outstanding stock of this company is owned by the Riverside Traction
Co. No bonds.
Paterson & Passaic Gas & Electric Co
Somerset Un. & Middlesex Ltg. Co
Somerset Union 6c Middlesex Lighting Co.
See below under Public
South Jersey Gas, Elec. & Traction Co
ORGANIZATION.-Incorporated in New Jersey on Dec. 1 1903 in the
Service Gas Co.
Gas & Electric Co. of Bergen County
of Public Service Corporation,as a consolidation of Somerset Lightinterest
Lighting
Co
Shore
ing Co. of Somerville, N. J.; Plainfield Gas & Electric Light Co. of PlainPrinceton Light, Heat & Power Co
field, N. J., and Citizens' Electric Co. of North Plainfield (V. 78, p. 107).
On Dec. 30 1903 Central Elec. Co. was also merged in the same. Public
PUBLIC SERVICE GAS CO.
Service Corp. owns $422,400 of the stock, $573,138 Som. Un. & Mid. Ltg.
Controlled by Public Service Corporation by ownership of entire capital Co.
bonds,$21.000 Somerset Ltg. Co. 1st 5s and $20,000 Cent. El. Co. 5s.
stock except directors' shares.
LEASE.-The co. was leased to Pub. Serv. Corp. for 900 Years from
ORGANIZATION.-Incorporated in New Jersey and was created by Jan.
1 1904 on the following terms, viz.: All interest, expenses and
changing the name of the old Oxy-Hydrogen Co. of the United States
to be paid by Public Service Corporation,and,as rental, a dividend
(incorporated in New Jersey in 1873). This latter is said to have had a taxes
the stock accruing as follows: From Dec. 1 1905, 1% ;Dec. 1 1906.
perpetual charter under legislative grant conveying the right to manufacture on
Dec. 1 1907, 2%; Dec. 1 1908, 2ki %;Dec. 1 1909,3%; Dec. 11910,
%;
13i
and distribute gas throughout the State. Company has no bonds.
%; Dec. 1 1911 and thereafter, 4%. So much of lease as relates to
Leases.-On Oct. 1 1909 Public Serv. Corp. assigned to Public Service Gas 3%
manufacture and distribution of gas has been assigned to Pub.Serv. Gas Co.;
Co. the leases of Essex & Hudson Gas Co., Newark Consolidated Gas Co., remainder
of lease applying to electric properties has been assigned to
The East Newark Gas Light Co. and Hudson County Gas Co., in so far
as they relate to the manufacture and distribution of gas, the leases of South Public Service Electric Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Jersey Gas, Elec. & Trac. Co. the Paterson & Passaic Gas & Elec. Co.,
See text.
J-D
$1,050,000
Somerset Union & Middlesex Lighting Co. and The Gas & Elec. Co. of Ber- Stock $1,050,000($100)__- --_
1,974,328 Dec. 1 1943
gen County. V. 89.p. 594, 721. Operating agreement between Plainfield Somerset Un & Mid Lt Co M f 1903 4 g J-D
$2,750,000 ($1.000) g_c*tflInt. at Fidelity Tr. Co., Newark, Trustee.
Gas Light Co. and Public Service Corp. was also assigned to the Public
Underlying bonds assumedService Gas Co. Also leases the Ridgewood Gas Co. and Morristown Gas
5 A-0
460,000 April 1 1940
Light Co., and the gas properties of Princeton Light, Heat & Power Co. Plainfield Gas & Elec Lt gen 1900
mtge $500,000
tf Guaranty Trust Co., New York, Trustee.
and Shore Lighting Co. Also leases, with the Electric Co. and the Railway
40,000 Nov 1 1915
5 M-N
Co. the property of the Pub. Service Newark Terminal Ry.,which see above. Citizens' Electric 1st mort- 1895
gage $40,000
ntf Columbia-Knickerbocker Tr Co.. N.Y. Tr.
Stock,$30,000,000; $10,750,000 outstanding all owned by Pub.Ser.Corp.
'
150,000 Feb 11939
Stock will be Issued (V. 89, p. 594) from time to time at par to Public Somerset Lighting Co first 1899 5 F-A
mortgage $150,000_ _-_ tf Fidelity Trust Co., Newark, Trustee.
Service Corp. only for cash or for improvements at actual cost thereof.
5 g J-J
700.000 July 1 1940
Cent Elec consol mtge $750,- 1900
No bonds. Real estate mortgages, $90,000.
000 ($500 & $1,000) g_c*tflInt, at Fidelity Tr. Co., Newark, Trustee.
Rate Reduction.-Accepting the order of the Board of Public Utility Com50,000 June 1 1918
missioners, made on Dec. 27 1912, the company reduced its rates in the Edison Elec Ill of N B lstJ 1888 6 J-D
ntflB. F. Howell and T. E. Townsend, trustees.
mortgage $50,000
Passaic division on Feb. 1 1913 from $1 10 per 1,000 Cu. ft. (with a reducNote.-340.000 Plainfield Gas & Elec. Lt. gen. M. 5s will be issued to
tion of 10c. if bill is paid within a certain time) to $.90 per 1.000 cu. ft.
flat, and in pursuance of the Board's recommendation set the same reduced retire the Citizens' Elec. bonds maturing Nov. 1 1915.
Bonds.-$1.128.328 of the 1903 bonds have been issued in exchange for
rate throughout the State on May 1 1913. See under Pub. Serv. Corp. in
V.96, p. 136. Validity of order was upheld on July 7 1913 by the New Jer- the stocks of the companies consolidated and $846.000 for extensions and
sey Supreme Court (V..97, p. 238), but on appeal to the Court of Errors improvements; $547 is reserved for Central Electric stock not yet acquired
and Appeals the decision of the former was reversed on Dec.9 1914 by a vote (the company having previously obtained the remainder of the $750,000
of 6 to 4. V. 99 p. 1749. On June 14 1915, however, the Court of Errors total stock of that company), $775,000 to retire'the underlying bonds and
reversed its decision of Dec. 9 1914 by the same vote, and sustained the $125 for future additions and improvements. No sinking fund, and bonds
finding in July 1913 of the lower Court upholding the order. V. 100, p. 2086. cannot be called. Of Central Electric Co. bonds, $50,000 is reserved to
retire a like amount of Edison Elec. Ilium. Co. bonds. Central Elec. bonds
The case will be carried to the U. S. Supreme Court.
The Court also reversed its decision dismissing the appeals of the cities are subject to call at 110 and int. V. 78, p. 107.
which
sought
Paterson.
to
have
Passaic
and
into
of
an 80-cent rate put
effect.
South Jersey Gas, Electric & Traction Co.
Dividends.-Initial div.-2%-paid Dec. 311909. In 1910. 2M %. In
This company was leased to Public Service Corp. for 900 years from
1911 and 1912. 8%. In 1913, 6%. In 1914, June, 4%; Dec. 4%. June 1 1903 (at a graded rate of dividend, the maximum of 8% per annum
owned
by
the
all
of
stock
is
Public
Practically
Service Corp. and dividends having been reached in the eighth year), and on Oct. 1 1909 so much of the
are no longer reported.
lease as relates to the manufacture and distribution of gas was assigned to
PROPERTY,&O.-Sold 10,907,541 M cu. ft. of gas Dec. 31 1914; had the Public Service Gas Co. Its traction business is leased to the Public
454,389
meters
in service.
2,906 miles of mains and
Service Ry. Co. and its electric business is leased to Public Service Electric
OFFICERS.-Same as for Public Service Electric Co. except that H. D. Co. Public Service Corp. owns $3,507.000 of South Jersey Gas, Electric
Whitcomb is the V.-P. and Gen. Mgr.
& Traction first mortgage 53.
ORGANIZATION.-Incorporated Aug. 31 1900 to bring under one conEssex & Hudson Gas Company.
ORGANIZATION.-Incorporated in Nov. 1898 in New Jersey and on trol the gas, electric light and trolley interests in Southern Now Jersey.
Dee. 1 1898 assumed the lease of Newark Consol. Gas Co. to United Gas
Also owns the entire capital stock ($600,000) of the Camden Gloucester
Improvement Co. for 999 years from Dec. 1 1898. Essex & Hudson Gas & Woodbury Ry., which has been leased to Public Service Ry. Co.
Co. was leased to Pub. Service Corp. for 900 years from June 1 1903 and
STOCK
AND BONDS- Date.
Interest. Outstanding. Maturity.
lease assigned Oct. 1 1909 to Public Service Gas Co. Under lease, div.rate Stock $6,000.000
See text.
J-D
$6,000,000
($100)_ ...-.._ _
is now 8% per annum. Stock auth. and outstanding, $6,500,000. V. 67, 1st mtge $15,000,000
5 g M-S
12,892,000 Mch 1 1953
1903
goldf
p. 1002. 1160.
c*tf Int. at Fidelity Tr. Co., Newark,N.J.,Trust.
($1,000)
Newark Consolidated Gas Company.
Trenton G&Ellst M $2,000,- 1899 5 g M-8
2,000,000 Mch 1 1949
ORGANIZATION.-Incorporated Nov. 30 1898 in New Jersey. Con000 gold ($1,000)
tf Int. at Equitable Trust Co., N. Y., Trustee.
solidation of Newark Gas Co., Montclair Gas & Water Co.. Summit Gas Burlington Gas Lt Co 1st MI 1901
100.000 May 1 1921
5 g M-N
Light Co., People's Gas Co. of Irvington and Clinton Gas Co. Owns entire
ntflint, at Burl. City L.& T. Co., Burl., Trust.
$100,000
capital stock of Orange Gas Light Co. and practically all the stock of The
Bonds.-Of the new $15„000 issue, $2,108,000 are reserved to retire
East Newark Gas Light Co. Leased all its property to United Gas Im- prior liens. No sinking fund and bonds cannot be called.-V. 76. p. 332.
provement Co. of Phila.. Pa., for 999 years from Dec. 11898, and on same 544.866. 1144, 1250; V. 78, p. 1449; V.86,p. 1530; V.95.P. 1685.
date lease was assigned to Essex & Iludson Gas Co. and by last-named
New Brunswick Light, Heat & Power Co.
company to Public Service Gas Co. Oct. 1 1909. Lease provides for payORGANIZATION.-Incorporated in New Jersey on Dec. 7 1899. Owns
ment of all fixed charges and divs. on stock commencing 5,6% July 1 1900
and increasing yi% yearly until 5% is reached in 1910; thereafter 5% per an. all the stock of The Gas Light Co. of New Brunswick, except directors'
Int. on bonds is paid by Public Service Gas Co. through lease of
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. shares.
Gas Light Co. of New Brunswick. See latter company below.
Stock $6,000.000($100)See text. The
$6,000,000
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
5 g J-D
Newark Cons Gas cons mtge1 1898
6,000,000 Dec 1 1948 Stock $500,000 ($100)
See text.
J-J
$400,000
____ _--$10,000,000g ($1,000) c*ttInt. at Fidelity Trust Co., Newark, trustee. First mtge 8500.000
500.000 Dec 15 1939
goldf 1899
4 g J-D 15
Newark Gas lstM $4,000,000 1895 6 Q-J
3.999.700 April 1 1944
at Fidelity Trust Co., Newark, trustee.
$1,000)c*tflInt.
and
($500
at
$500
&
Int.
Fidelity
$1,000)_c*tf
Trust Co., Newark.
($100,
Bonds.-Of the $10,000,000 Newark Cons. Gas bonds,$4,000,000 are re(a) The Gas Light Co. of the City of New Brunswick.
served to retire underlying liens.
ORGANIZATION.-Incorporated on Mar. 18 1851. Stock authorized
and
outstanding. $400,000. all owned by New Brunswick Lt., Ht. & Power
The East Newark Gas Light Co.
Co. except directors' shares. Was leased to the Public Service Corp. for
This company was leased to Public Service Corporation for 999 years from 900 years from Jan. 2 1905 (June 1 1906 lease assigned to South Jersey
Sept. 1 1909 for annual rental of 6% on stock,and lease assigned Oct. 1 1909 Gas, Elec. & Trac. Co.), rental being payment of int. on bonds of New •
Brunswick Lt., Ht.& Pow. Co. and divs. on stock of Gas Lt. Co. of City of
to Public Service Gas Co.




70

ELECTRIC RAILWAYS

[VOL. 101.

SECURITIES 010 JERSEY CITY HOBOKEN & PATERSON ST. BY.
Interest. Outstanding. Maturity.
Date.
Jer City Hoboken & Pater-{ 1899 4 g M-N $14,061,000 Nov 1 1949
son 1st mtge gold $20,- Interest at New Jersey Title Guarantee &
c*tf
Trust Co., Jersey City, Trustee.
000,000 ($1,000)
Bonds of Constituent Cos.5 J-J
North Hudson County Ry 1888
2,998,000 July 1 1928
consol (now 1st) mortgage Int. at First Nat. Bank, Hoboken.
c*ntf
$3,000,000
5 M-N
1,291,000 May 1 1924
Nor Bud Co By impt mtgef 1894
tfInt. at Fidelity Trust Co., Newark,Trustee.
$1,500,000 ($1,000)
5 F-A
Weehawken Extension Mort- 1895
100,000 Feb 1 1945
ntf Central Trust Co., New York, Trustee.
gage ($100,000)
1,250,000 June 1 1931
Paterson Ry Con M(nowlst) 1891 6 g J-D
ctflColumbia
Trust
Co., N. Y., Trustee.
g $1,250,000 ($1,000)
5 A-0
300,000 Oct 1 1944
Paterson By 2nd gen mort1 1894
$300.000 red at any time Fidelity Tr. Co., Newark, N. J., Trustee.
ctfj
($500 and $1,000)
Bonds.-$5,939,000 J. 0. H. & P. first 4s are reserved for prior liens.
Of the J. C. H.& P. bonds outstanding,$1,498,000 are owned by Pub.Serv.
Corp. The 2nd 55 of the North Hudson County By. expired May 1 1904,
but were extended until May 1 1924. See V. 78, p. 1392. These bonds
are redeemable at 110 and int. on any bat. date. V. 78, p. 1392. See also
V. 97, p. 1664, 1899. The Weehawken Extension mtge. bonds were due
Feb. 1 1915 but were extended for 30 years. V. 100, p. 399. The Paterson
By.2d gen. M.6% bonds fell due Oct. 1 1914 but were extended for 30 years
at 5%. V.98, p. 1993; V. 99, p. 1053. Red. April 1 1931 and on the first
day of any succeeding Oct. or April by Public Serv. By. Co. in manner
provided in mortgage.
SECURITIES OF UNITED ST. BY. CO. OF CENTRAL JERSEY.
Interest. Outstanding. Maturity.
Bonds of Constituent Cos.- Date.
$2.400,000 Dec 1 1950
5 g J-D
Eliz Plain & Cent Jar mtgeI 1900
$2,500,000 ($1,000) g_c*tf Interest at Fidelity Trust Co., Newark.
No s f & cannot be cailedJ Trustee.
100.000 July 1 1922
Plainfield Street By first mtgj 1892 5 J-J
($1,000) Call in 1904_c*ntf Int. at Fidelity Trust Co., Newark, Trustee.
1,500,000 May 1 1954
St1
Riv
1904
5
g
M-N
Raritan
Elizabeth
&
CoRe electric properties have been leased to Pub. Serv. Elec. Co. and the
By gen M $3,500,000_ _ _tf iFidelity Trust Co., Newark, Trustee.
gas properties to Pub. Serv. Gas Co.;the leases are for 900 years from May 1
500,000 July 1 1928
5 g J-J
Trac M g (81,000)1 1896
1911 and provide for payment of interest on bonds and amount equivalent Brunswickbe
called_ - _ _c*ntf Fidelity Trust Co., New York, Trustee.
Cannot
to 5% per annum on the authorized stock.
1,000,000 Jan 1 1950
5g
& Somerset Trac g 1900
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity. Middlesex
M 81.500,000(81,000) c*ntf tInt, at Fidelity TrustCo., Newark, Trustee.
Stock $112,000 ($100)
$112,000
5 g M-N
500,000 May 1 1944
1st mtge $500.- 1904
First mortgage $400,000 gold! 1911
5 g A-0
400,000 April 1 1951 East Jersey
tf Perth Amboy Tr. Co., Perth Amboy,Trust.
000 gold guar p & I
tflInt. at Fidelity Tr. Co., Newark,N.J.,trust.
($500)
Eliz.
Plain.
&
Cent.
Jar.
By.Co. bonds dated
issue
of
total
the
-Of
Bonds.
Bonds.-$341,500 bonds were issued to take up $341,500 Shore Electric
Co. bonds and $58,500 to take up $46.800 Cit. Lt. & Fuel Co. bonds; are 1900,$100,000 is held to provide for like amount of Plainfield Street By.Co.
guar., prin. & int., by Public Service Corp.-V.92, p. 1640.
bonds. See V. 71, p. 1310. Of Eliz. & Raritan River Street By. Co.
gen. mtge. of 1904. $2,000,000 are reserved to retire prior liens. Pub. Serv.
Princeton Light, Heat & Power Co.
Corp. owns $154,000 Eliz. Pl. & Cent. Jers. 5s and $274,000 Eliz. & Bar.
In 1910 Public Service Corp. acquired control. V. 91, p. 399. Public River St. By. bonds.
Dividends.-First div.-2-3%-paid Dec. 31 '08; in '09, Dec.,2%;in '10.
Service Corp. owns $115,850 stock.
ORGANIZATION.-Incorporated in New Jersey on July 31 1905 as a 2%; in '11. Dee.. 15.4 %; in '12. Dec., 13%: in '13, Dec.. 1%;in '14,
Dec.,
consolidation of Princeton Elec. Light Works,Princeton Gas Light Co. and
%. Practically entire stock owned by Public Service Corporation
Hopewell Elec. Lt., Heat & Pow. Co. Electric properties have been leased and dividends no longer reported.
to Pub. Serv. Elec. Co. and gas properties to Pub. Serv. Gas Co., the leases
ROAD,&c.-Owns 533.611 miles first main track, 284.951 miles 2d main
being for 900 years from May 1 1911, and providing for payment of interest track and turnouts and 57.244 miles of connections, loops, yard track, &c.
on bonds and amount equivalent to 2% per ann, on outstanding stock. Total, 875.806 miles of track. 433 open and 1.651 closed cars.
$115,850 of the stock is owned by the Corporation.
Passengers carried in 1914, 407,277,914, of which 310,308,660 were reveSTOOK AND BONDS- Date.
Interest, Outstanding. Maturity. nue and 96,969.254 transfers and passes. In 1913, 308,619,532 revenue.
Stock $250,000 ($50)
$122,500
95,377,279 transfers and passes; total, 403,996,811.
1st ref mtge $250,000 gold s ff 1909
5 g F-A
162,800 Feb 1 1939
OFFICERS.-Same as for Public Service Elec. Co., except that R.E.
($100, $1.000 or frac)_c*tflInt. at Equitable Trust Co., N. Y., trustee. Danforth is the V.-P. and gen. Mgr.-V. 85, P. 406, 1271; V. 88, n. 53;
Bonds.-$15,000 of 1st & ref. bonds are reserved to retire like amount of V. 89, p. 226; V. 98, p. 1993; V. 99, p. 1053; V. 100, p. 557.
prior liens. Bonds are guar. p. & 1., by Pub. Serv. Corp. Red. on any
(1) Consolidated Traction. Company.
int. day at 105 and int. Siding fund 4% of gross earnings of company beIncorporated Mar. 15 1893. On June 1 1898 leased to North Jersey
gun in 1910.-V. 91. p. 399.
Street By. for 999 years, and lease has now passed to Public Serv. By. Co.
V.66, p. 1141. Validity of lease was affirmed in Feb. 1902 (V. 74, p. 380)
and again in Feb. 1903. V. 76, p. 382.
PUBLIC SERVICE RAILWAY CO.-(See map on pages 80 and 81.)
Dividends under lease are now 4% per annum.
Controlled by Public Service Corporation through ownership of 99%
of stock. No lease.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
ORGANIZATION.-Organized Aug. 30 1907 as a consolidation of the Stock
J-J 15
$15,000,000
See text.
all paid in ($100)-- --North Jersey Street By. Co.. Jersey City IIoboken & Paterson St. By.Co. Underlying
-see below
7,308,000
bonds
and United Street Ry. Co. of Central Jersey. V. 85, p. 406. North Jersey
5 g J-D
15,000,000 June 1 1933
gold $15,000,-1 1893
Street By. in Jan. 1898 absorbed the Newark & South Orange. The First mortgage
tflInterest
at
Bankers
Tr. Co., N. Y., Trustee.
000 (31,000)
Jersey City Hoboken & Paterson was a consolidation in November 1899
The gold bonds of 1893 are secured not only by mortgage, but also by
of the following: Jersey City Hoboken -St Rutherford Elec. By. Co., Pali$1,000,000 stock of J. 0. & Bergen RR. $161,625 stock of
sades RR.Co., Paterson Central Electric Ry.Co.,Paterson Horse RR.Co. deposit of
stock
Newark Passenger By. and $99,Plank Road Co.,$6,000,000
Paterson Passaic & Rutherford Electric By.Co.,Saddle River Traction Co.. Newark
of Jersey City Harrison & Kearney By. Co.
White Line Traction Co.. formerly the New Jersey Electric By. Co. 100 stock.-Operates
about 190 miles of track, including the N. J. Traction
ROAD
In 1901 it absorbed Paterson Ry. Co. and North Hudson Co. By. Co.
By.,J. C. & Bergen RR., Passaic & Newark Elec.
United Street Ry. Co. of Central Jersey was a consolidation in July 1907 of Co., Newark Passenger IC. RR. and Newark Plank Road,
all of whose
Elizabeth Plainfield & Central Jersey By. Co.(which was chartered in 1900 Trac. Co.• J. C. Har. &
owned.
as a consolidation of Plainfield St. By. Co. and other companies) and Eliza- stocks are'
mileage of the leased and controlled lines:
and
debts
Stock,
Raritan
River
Street
beth &
Ry. Co.(which was a consolidation on April 30
Miles.
Stock.
Funded debt.
1904 of Middlesex & Somerset Traction Co. and East Jersey Street By. Co. New Jersey Traction Co
None
$500.000
which latter company had previously absorbed Raritan Traction Co.,
83
6,000,000
$6,000,000
Newark
Passenger
By
Perth Amboy RR. Co. and East Jersey Traction Co.)
12
504,000
Street Ry
500,000
In addition to above,Public Service Ry.leases Consolidated Traction Co., Rapid Transit
413
1,000,000
& Bergen RR
258,000
South Orange & Maplewood Traction Co., Bergen Turnpike Co., Orange & Jersey City
Kearney Ry----10
*100,000
Harrison
&
City
Jersey
Passaic Valley By. Co., Camden & Suburban By. Co., Camden Gloucester
4 4-5
162.000
Road
& Woodbury Ry. Co., New Jersey & Hudson River By. & Ferry Co. and Newark Plank
Electric
Traction_
---10X
1.000,000
-15-6666
& Newark
Riverside Traction Co.. which companies see below. Also owns all stock Passaic
40,000 shares
Port Richmond & Bergen Point Ferry_ of People's Elevating Co.
* On this $18,000 has been paid in.
Completed in 1912 a terminal station at Sip Ave., Jersey City, connecting with the Penn. RR.station and also with the tunnel station there.
(a) Jersey City & Bergen Railroad.
A terminal station at Hoboken connecting with the D. L. & W. UR.
ROAD.-Owns from Jersey City to Bergen Point, &c., total track, 413.1
station and also with tunnels terminating there was completed in May 1910.
by Consolidated Traction Co., all the stock being deLease of Newark Terminal.-See Public Service Newark Terminal Rail- miles. Controlled
as part security for the Traction Co. 1st mortgage.
posited
way Co. above. It is proposed to consolidate the P. S. Railway,Co. and
Interest. Outstanding. Maturity.
the P. S. Newark Terminal By. Co., the Railway Co. to issue its stock,
STOOK AND BONDS- Date.
$1,000,000 f.-p.
share for share, for that of the Terminal Co. V. 100, p. 1259.
Stock
43.6 J-J
258,000 Jan 1 1923
License Fee /nye:W.-The Supreme Court of New Jersey Oct. 21 1911 set First mortgage $1,000,000 1 1873
c*ntf1Int.atBkrs.Tr.Co.,N.Y.,or lstNat.Bk., J.O.
aside as invalid an ordinance of the City of Paterson imposing a license fee
($1,000)
Bonds.-The bonds (originally 7s) matured Jan. 1 1903, but were exof $25 for every trolley car operated within the city limits. A similar ordinance was passed by the Hoboken City Service Comm. on Aug. 4 1915, tended as 43,is for 20 years from that date.
but the company has obtained a writ of certiorari and the Supreme Court
(b) Newark Passenger Railway.-Electric.
will review the ordinance.
ORGANIZATION.-Incorporated June 16 1890. On July 29 1893
Transfer Decision.-On June 21 1912 Court of Errors and Appeals affirmed the decision of Supreme Court on Dec. 26 1911, which sustained the leased to New Jersey Traction for 999 years, and so controlled ny tne Conorder of the Public Utility Comm. requiring the company to continue the solidated Traction Co. of New Jersey, N.J. Traction Co. having been leased
issue of transfers to all intersecting lines in Newark, but did not grant trans- to Cons. Trac. Co. Jan. 2 1894 for 999 years. Charter said to be perpetual.
rem on a transfer.
LEASE AND RENTAL.-Rental under the lease. $105,000 yearly.
The basis of exchange of old stock for stock of this company was as follows:
Interest. Outstanding.
Maturity.
STOCK AND BONDS- Par.
Receive New Stock
Text
$6,000,000 Own.by0.1br
$100
Stock
Total
Total
in new if all Stock
cons
M
1,000
6,000.000 July 1 1930
1st
5
g J4 •
Pass
By
Newark
Stock.
Name of CompanyDeposited.
Stock. Exchanged.
Title
Guar. & Trust Co., Trustee.
1890 86,000,000 gold_c*tf N. J.
North Jersey Street Ry- _.$15,000,000 $14,995,200 1007 $15,000,000
The $6.000,000 stock is al deposited as security for the Consolidated
Jersey City Hob. & Pat__ _ 20,000,000
19,986,400 100f
20,000,000
Co. first mortgage.
United St.Ry.Co.ofCent.J. 4,000,000
4,000,000
75 /)
3,000,000 Traction
Interest on consol. 5s is payable at First National Bank, Jersey City.
are guar. p. & I. by Consol. Trac. Co. and in Feb. 1895 the
Total
$39,000,000 $38,981,600
$38,000.000 The consols
was stamped on bonds. V. 59, p. 969; V. 81, p. 900.
Rate. Outstanding. Maturity guaranty
STOCK AND BONDS- Date.
about 83 miles of track.-V.81, p. 900.
Emiiitraces
ROAD.Stock $38,000,000 ($100,)$37,981,600
6 J-J
Car trust certfs Sec "A' _ __tf1 1908
200,000
See text
(c) Rapid Transit Street Railway Co. of the City of Newark.
Int. at Fidelity Tr. Co., Phila., Pa., trustee.
ORGANIZATION.-June 1 1893 leased to Newark Passenger Ry., and
5 j-J
Car trust certs Ser "B"____tt 1910
225,000
See text
Int. at Fidelity Tr Co., Phila., Pa., trustee. included with it in lease to New Jersey Traction, and so forms part of
Traction system.
Consolidated
M-S
5
Car trust certfs Ser "C"_ __tf' 1912
350,000
'Penn. Co. for Ins. on L. & G. A., Trustee.
Interest. Outstanding. Last div.,&c
STOCK,BONDS,ETC.- Par.
Real estate mortgages-- _ __ __
278,435
Stock
See text
114 J-D30 $504,000
Car trust certificates Series "A" were formerly an obligation of the Publie First mtge $500,000 gc*ntf131,000
500,000 April 1 1921
5 g A-0
Service Corporation, but lease of equip. trust cars was assigned to Public
Subj. to call at 110 & int.1 Int. at Fidelity Trust Co., Newark, Trustee.
Service Ry. Co. and cert. obligation assumed by Railway Co. They mature
Dividends of 11X % yearly are guaranteed by the Newark Passenger and
$40,000 semi-annually July 1 and Jan. 1. Series "B" certificates mature New Jersey Traction companies upon the stock.
$22,000 on each Jan. 1 and $23,000 on July 1. Series "C" certificates ma(d) Passaic & Newark Electric Traction Co.
ture $25,000 every Mar. 1 and Sept. 1.
ORGANIZATION.-Incorporated April 30 1895 and acquired all the
$1.000,000 stock of Passaic & Newark Electric By. Consolidated TracSECURITIES OF N.ORTII JERSEY STREET BY.
Interest. Outstanding. Maturity. tion Co. owns all the stock and guarantees the bonds.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
4 g M-N $15,000,000 May 1 1948
First mortgage 315.000,000 1898
stock $1.000 000(3100)$1,000,000 ----New York, Trustee.
gold ($1,000 each)
tf Bankers' Trust
550,000 June 1 1937
Interest at Fidelity
Co.'Tr. Co., Newark, N. J. lit M 111.000,000 guar p & if 187 5 g J-D
by Consol rac of N J___tflInt.a N.J. TitieGu &Tr.,Jersey City:1'ms.
Of the 1st mtge. bonds, $7,230,000 are owned by Public Service Corp.

New Brunswick, as follows: 2% in each of the years 1905 and 1906,2%
in 1907 and 1908, 3% in 1909 and 1910, 33.1% in 1911,4% in 1912, 431%
In 1913 and 5% in 1914 and thereafter. The company is now controlled
by Public Service Gas Co. by reason of assignment of lease of gas properties
of South Jersey Gas, Electric & Traction Co.
Gas & Electric Co. of Bergen County.
LEASE.-Was leased to the Public Service Corp. for 999 years from
6% for the next
Jan. 1 1905. Dividends are 2% for first two years, 23,
year, 3% for the next two years, 4% for the next four years and 5% thereafter. Oct. 1 1909 so much of lease as relates to manufacture and distribution of gas was made over to Public Service Cas Co. and in July 1910
lease of electric properties was assigned to Public Service Electric Co.
ORGANIZATION.-Incorp. May 31 1899. Is a consolidation of several
small gas and electric-light companies. Public Service Corp. owns $455.000 of general mortgage No. 2 bonds.
Interest. Outstanding. MaturitySTOCK AND BONDS- Date.
See text.
$2,000,000
Stock $2,000,000($100)38,000 Nov 1 1954
General mortgage $5,000,000 1904
SE M-N
gold ($1,000)
tf Equitable Frust Co., N. Y., trustee.
2,071,000 Nov 1 1954
General mtge $5,000,000_ _tf 1904
5 M-N
Fidelity Trust Co.. Newark, Trustee.
5 g J-D
1,440,000 June 1 1949
Consolidated mortgage $1,- 1899
H. Fidelity Trust Co., Newark,trustee.
500,000 gold
5 J-J
Englew G & E gen mtge_ - ntf_ 1899
23,000 Jan 1 1939
6 J-J
Hack Gas & El deb Ser 1_ ntf_ 1897
3,000 Jan 1 1917
Hack Gas & El 1st mtge_ntf_ 1895
5 J-J
10,000 July 1 1935
Hack G L 1st M ($1,000) cntf 1894
5 J-J
24,000 July 1 1934
Bands.-Of the general mortgage for $5,000,000, $1,538,000 is reserved
to retire prior liens and $1,391,000 for additions and improvements. The
gen. mort., of which the Equitable Trust Co. Is trustee was superseded
by the similar mtge. of which Fidelity Tr. Co. is trustee. V. 80, p. 653.
Shore Lighting Co.
ORGANIZATION.-Incorporated March 21 1911 in New Jersey and is a
consolidation of Shore Elec. Co., Sea Bright Elec. Lt. Co. and Citizens'
Lt. & Fuel Co. of South Amboy. $104,800 of stock owned by Pub. Serv.




SEPT., 1913.]

ELECTRIC RAILWAYS

71

(2) South Orange & Maplewood Traction Co.
Terminal RR. Capital stock, $105,000. all owned by Public Service Corp.
This company was leased on Oct. 1903 to North Jersey St. By.Co.(now of
New Jersey except directors' shares. Regular trolley service between
-merged in Public Service Ry. Co.)1in
perpetuity,
rental being $2,000 Newark and Trenton July 1 1913, and service between
on the preferred stock for first year and increasing the
yearly until ninth Amboy inaugurated about July 11914. V.97, p. 522. Newark and Perth
year, when $6,000 is paid, which amount is to be paid$500
thereafter. Rental is
(1) Elizabeth & Trenton RR.
guaranteed by Public Service Corporation of New Jersey.
V. 77. p. 824.
Lease.-Leased to Trenton Terminal RR. (subsequently merged
ORGANIZATION.-Consolidation in
1901 of South Orange & Public
in
Maplewood Tr. Co. and South Orange & July
Service RR. Co.) for 999 years from April 1 1912. Rental 5% on
Maplewood St. By. Co. Stock outstandin
auth. and out., common, $75,000; preferred, $150,000. No bonds.
g pref. stock, and, beginning with the year ending April 1
1915.
on
.1%
outstandin
g
corn.
additional
,
with
1% annually until 4% is paid.
(3) Bergen Turnpike Co.
V. 94, p. 697.
Leased to Public Service Ry. Co. Jan. 11908.
ORGANIZATION.-Incorporated in New Jersey on May 19 1910
ORGANIZATION.-Originally chartered on Oct. 27 1802 with $51,990 successor
as
to
the
Trenton
& New Brunswick RR. and the New Jersey Short
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack, Line
RR., both sold at foreclosure. See plan in V. 89. p. 1282,
a distance of 12 milles, over which an electric road was constructed
1349.
in 1902.
STOCK AND BONDS- Date.
Interest.
Jersey City Hoboken & Paterson (now
Outstanding
. Maturity.
merged in the Public Service Ry. Common $900.000 ($50)_
____
Co.) owned a majority of the stock and
A-0
$811,350
guaranteed its $1,000,000 5% Pref $300,000 5% cum ($50)
A-0
*bonds, dated 1901, due July 1 1951; interest .J-J (tf); prin.
180,300
New Jersey Title Guar. & Trust Co., Jersey City. Trustee.and int. payable First mtge $1.200.000 gold1 1912
5'g A-0
990,000 Apr 1 1962
($1,000)
c* tffInt. at Logan Trust Co., Philadelphia. Trus.
(4) Orange & Passaic Valley Ry. Co.
Bonds.-First mtge.
are subject to call as a whole on any int. day
Leased for 900 years from Nov. 1 1903 to Public Service Corporation for at 110 and int. Prin.bonds
and
int,
are
guar. under terms of lease by the
interest on the trust certificates issued in exchange for stock. Lease was Trenton Terminal RR., whose obligations
are guar. in turn by the Public
-assigned to North Jersey Street BY. Co. July 23 1907 and now
held by Service RR. and the Public Service Corporation.
Public Service Ry. Co. $923,000 of the stock owned by Pub. Serv.
ROAD.-Operates 26.06 miles of standard-gauge track between
Corp.
Trenton
ORGANIZATION.-Incorporated in 1898 as successor of Suburban and Milltown over private right of way. 60-1b.
T rails. Also an extension
Traction Co., sold in foreclosure July 6 1898.
from Bonhamton to Elizabeth, 15 miles. 80-1b.
T rails. Through line
BONDSDate.
Interest. Outstanding. Maturity. operated from Newark to Trenton. V. 90. p. 1362;
V. 94. p. 697.
Stock
$1,000,000
1st mtge $1,000,000
tf 1898 5 J-D
833,000 Dec 1 1938
NEW BEDFORD, MASS.
N.J. Tit. Gu.& Tr.Co. of Jersey City, Trus.
$83.000 of outstanding bonds are owned by Public Service Corporation.
NEW BEDFORD & ONSET STREET RY.-A trolley road.
ORGANIZATION.-Incorporated
(5) Camden & Suburban Railway Co.
in Massachusetts in 1901. This
Was teased on May 1 1904 to Public Service Corporation for 999 years pany is owned in the same interest as the Union St. By. Co. In Junecom1909
issued $50,000 new stock in exchange for the 3150,000
rental being (in addition to fixed charges) $30,000 for first year
(1905). & Buzzard's Bay St. Ry., which was a reorganizat stock of the Taunton
$36,000 the second year, $42,000 the third year, $48,000 the fourth
ion of the Middleboro
year, Wareham & Buzzard's Bay St. By.
$54,000 the fifth year, $72,000 the sixth year,
V. 82. p. 1438.
$84,000 the seventh year,
Fare Increase.-The Mass.
S. Comm.in Sept. 1915 auth. the company
$96,000 the eighth year. $108,000 the ninth year
and $120,000 the tenth to increase its single cash fareP.
from 5 to 6 cents and to sell 20 tickets instead
year and thereafter. V. 78, p. 2383. Lease was
assigned
to
Public
of
24
for
$1,
and
special
school tickets 10 for 30 cents instead of 10 for 25
Service Railway Co. Sept. 24 1907.
ORGANIZATION.-Formed in 1896. Controls Camden Horse RR. cents. V. 101, p. 923.
STOCK AND BONDS- Date.
(which is leased) and West Jersey Traction
Interest. Outstanding. Maturity
Co.
(stock
$60,000).
Stock,
STOCK AND BONDS- Date.
($100)_
$550,000 Dec.'13.3
Interest. Outstanding. Maturity; First $550,000
mortgage,
$500,000,
Stock $3,000,000($25)
1902
g J-J
5
280,000 Jan.
5Q-F
____
19 2
See text.
See text
gold ($1,000)
entf Int. at International Tr. Co., Boston,1Trus.
1st mortgage $3,000,000 gold; 1896
.1-J
$1,940,000 July 1 1946
No sinking fund and not subject to call.
($1,000)
ctflInt.at N.J.Tr.&SafeDep.Co.,Camden,Trus. MW&BB 1st
mortgage,f 1901
4 g A-0
Stock.-The stock is all outstanding: 20 7 paid in.
150,000 Oct. 1 1921
$150,000 $1,000) __cntf Int. at Federal Trust Co.,
Bonds.-Of the 1st mtge. bonds,$1,000,000 are reserved to retire stock of
Bonds.-The Mlddieboro Wareham & Buzzard's BayBoston, Trustee.
'Camden Horse RR. and $60,000 are for extensions. V. 94, p. 1185.
bonds have no
ROAD.-Operates 91.3 miles of track. Connection through to Trenton sinking fund, but are subject to call before Oct. 1 1921 at 105 and int.
Is made over Riverside Traction (now leased by P. S. Ry.). V. 78, p. 1781. See V. 73, p. 1313. Int. was formerly 5%. but on consolidation with New
Bedford
& Onset was reduced to 4%.
.2383; V. 88, p. 1126: V. 89. p. 154; V. 94. p. 1117. 1185.
ROAD.-Owns 44.119 miles of track between Fairhaven and
Onset and
(a) Camden Horse Railroad Co.
in Middleboro and to Buzzard's Bay and to Monument
Beach. 28 passenORGANIZATION.-Incorp. March 23 1866. Stock, $250.000
cars. 4 snow plows, 4 miscellaneous and 104 electric
motors.
Leased to Camden & Suburban By.from Apr. 1 1896 for 999 years. ($25). ger
EARNING
S.
-For
Rental
12
mos.
ending
June
30
1915, gross, $151,541; bal-8rc., received, $60,000 per annum,from which is paid 24% on stock.
All ance, after all expenses, charges and taxes, $8,354.
bonds have been canceled.
Revenue passengers carried in 1913-14. 2,703,698. against 2,583,157
ROAD.-Has 30.11 miles of track.
in
1912-13.
(6) Camden Gloucester & Woodbury Railway Co.
OFFICERS.-Pres., H. H. Crapo; V.-P., E. S. Wilde; Sec.,
Clarence
Leased to Public Service By. Co.
A. Cook: Treas., E. F. Nicholson; Sept., Geo. P. Dole.-V.
82, P. 1438;
ORGANIZATION.-Entire $600,000 stock is owned
by South Jersey V. 101, p. 923.
•Gas, Electric & Traction Co. All bonds have been
canceled.
UNION STREET RAILWAY.-A trolley road.
ROAD.-Comprises 25 miles of road.
ORGANIZATION.-Incorporated in Massachusetts on March 18 1887
(7) People's Elevating Co.
as a consolidation of Acushnet St. By. and New Bedford
& Fairhaven St.
ORGANIZATION.-Incorporated in New Jersey May
311899. Stock By. On Nov. 1 1910 consolidated with Dartmouth & Westport St. By.
is all owned by,Public Service By. Co.
V. 91, p. 465. 519, 718. 1096.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
STOCK
AND BONDS- Date.
Interest. Outstanding. Last div.&c.
Stock,$250,000 ($100)_ „,_
$250,000
Stock,$1,625.000 (par $100)_ - - - - First mortgage, $256,0011.1 1899
81.625,000 Aug'15 2%
Q-F
5 g A-0
175.000 Oct 1 1939 First M'$2,000.000 ($1,000).! 1914 454
g J-J
250,000 Jan. 1 1934
gold ($1,000)
c*tffInt. at N.J.TitleGuar.&Tr.Co.,J.0..
gold,
no sinking fund_ _ntflInt. at Old Colony Trust Co., Boston,
Trustee
Trust.
Notes payable June 30 1914
(8) New Jersey & Hudson River Ry. & Ferry Co.
180,000
Public Service Corporation has acquired $2,446,350 of the
BondS.-Re
deemable
after
Jan.
1 1919 at 110. Issued to retire consol.
$2,500,000 mtge. of 1894, due
common and $4,633 of the $750,000 pref. stock. V. 91,
Jan. 11914. V. 97. p. 1584. 1664.
p. 95. Is leased
to Public Service By. for 900 years from May 1 1911 for interest
Dividends.-In 1896-97, 10%;in 1897-98,6%; 1899
to 1914
on bonds cent
and 6% on both common and pref. stocks.
per annum. In 1915, Feb., 2%; May, 2%; Aug., 2%. incl.. 8 per
ORGANIZATION.-Incorporated at Trenton,
ROAD.-Operates 63.92 miles (of which 51.09 miles are owned) in New
N.
J..
on
Feb.
25
1910
as a consolidation of New Jersey & Hudson River By. & Ferry
Co. and Bedford and adjacent towns and connects New Bedford and Fall River.
Hudson River Traction Co. This company
the entire capital stock 220 passenger cars: 14 freight and service cars and 14 snow plows.
and bonds of The Riverside & Fort Lee Ferry owns
EARNINGS.-For 12 mos. ending June 30 1915, gross, $974,635; exCo.,
owner
of
the
West
130th
St. Ferry. These securities are all deposited under the
mort- penses, charges and taxes. $794,708; dividends (8%), $130,000; surplus.
gage. Franchises perpetual except one for 50 years and $5,000,000
one for 99 years. $49,927. Revenue passengers carried in 1913-14. 19,174,068, against
Chiefly private right of way.
18,404.656 in 1912-13.
Fares.-For suit brought in U. S. Dist.
OFFICERS.-Pres., II. II. Crapo; V.-P. E. S.
asking that a resolution
Sec., C. A.
passed by the Board of Chosen FreeholdersCourt
Cook; Treas., E. F. Nicholson; Supt., E. S.'Wilde, allWilde;
of
Bergen
County,
of New Bedford.N.
J.,
re.ducing the fares of this company, be declared illegal and
V. 70, p. 947, 1050: V. 75, p. 1088; V. 88, p. 946; V. 89,
void,
see
p. 780; V. 91. P.
V. 99, 465. 519. 718. 1096;
p. 407.
V. 97. p. 1584. 1664, 1735; V. 98. p. 525.
STOCK AND BONDS- Date.
Interest. Outstanding. Dividends.
. Stock, corn, $5,250,000 ($100) __
$2,500.000 See text
NEW HAVEN, CONN.
Stock, pref, $750,000 6% cum
6 F-A
750.000 See text
NEW YORK NEW HAVEN & HARTFORD RV. (Trolley lines.)
NJ & Ii R BY & F Co 1st M, 1900
4 g M-S
4,011,000 Mar. 1 1950
The New York New Haven & Hartford's interests in
$5,000,000 g ($1,000)_c*tt Int. at U. S. Mtge.&Tr.
lines have
Co.,
N.Y.,
Trustee. been very extensive, but under an agreement reached withtrolley
Bud Riv Trac 1st M,$1,000,- 1902 5 g M-S
the U. S. Govt.
631,000 Mar. 1 1950 in 1914 the company has pledged itself to dispose
000 g ($1,000)
of the same.
tf Int. at U. S. Mtge.& Tr. Co., N.Y..Trustee
The
companies
trolley
owned by the N. Y.
Stock.-Pref. stock is redeemable at 115 and accrued
H. & H., and which are
dividends. $1,500 now to be disposed of-control being meanwhileN.
pref. .stock in treasury.
held by designated trustees
-are as follows:
Bonds.-N.J. & Hud. River By.& Perry Co. bonds can be
called
on
any
Berkshire
Street By.
The Hoosick Falls RR. Co.
int. day at 105 and int. upon six weeks' notice. V. 80,
p. 998. Hudson Connecticut Co.
The Vermont Co.
River Traction bonds are subject to call on any
Westchester Street RR.
are owned by N. J. & H. R. By & Ferry Co. int. date at 110. $67.000 New York & Stamford By.
Rhode Island Co.
REPORT.-Included in Public Service By.
The N. Y. N. H.& H. also owns $4,924,937 of the stock, $2,000,000 lit
ROAD.-Owns and operates 31.33 miles of track from Edgewater
, N. J. M. bonds and $5,842,423 notes of the N. Y. Westchester &
(terminal of W. 130th St. ferry, N. Y. City), to Englewood
Boston By., an
Hackensack electric road, which It is under no
-and Paterson; also 17.11 miles of track from Hackensack
obligation to dispose of and which will be
to IIasbrouck developed as part of the New
Heights, Woodridge, Rutherford to Arlington and a branch '
Haven system.
line
from
Has-V.
97,
p.
1020.
brouck Heights to Lodi. The cars of this company operate
1357; V.98. p. 266, 1000. 1245. 1316. 1393; V. 99, p. 270.
to the business 604, 1125, 1210; V.
centres of Newark, Passaic and Paterson.
100. p. 642.
-V. 82. p.
1323: V. 87,
P. 1479; V.88, p. 53. 375; V.91, p.95.946; V.92. p. 462;510,
V.99, p. 407.
CONNECT
ICUT COMPANY.
(9) Riverside Traction Co.-Trolley.
Control Passes to Trustees.-On Oct. 27 1914 the 840.000,000 capital stock
Lease.-Company is leased for 999 years from April 1 1912
to Public of this company held by the New Haven Co.
transferred to the five
Service By. The lease provides for hit, on bonds
5% divs. on outstanding trustees, pursuant to the requirements of the U.was
S. Dept. of Justice. V. 99.
pref. stock and a div. on corn. amounting to $14,193
the first year, in- p. 1451. The New Haven Co. has bound itself to sell the
stock, and the
creasing annually until seventh year, when the maximum
trustees
are
to
use
of
their
best
$20,169
endeavor
to complete the sale before July 1
will
have been reached. V. 94, p. 699.
1919. The trustees are: Judge Walter C. Noyes of New
London,
ORGANIZATION.-Incorp. in New Jersey June 20 1910
Waldo Hyde of Hartford. Lyman B. Brainerd of Hartford, GeorgeWilliam
Camden & Trenton By.,sold at foreclosure. See plan, V. as successor to of
E. Hill
Bridgeport and Charles Cheney of South Manchester. See remarks
88, p. 1126.
Owns 395 out of 400 shares (par $50) of the capital stock
N. Y. N. H. & H. RR. Co. above and V. 98, p. 1000, 1245.
minson Elec. Lt. Pow. & Htg. Co. of Riverton, N. J., whichof the Cinna- under
This is the company which operates the trolley
supplies
the
lines
towns of Beverly,
in Connecticut
' Delanco, Riverside, Riverton and Palmyra, with
light. controlled by the N. Y. N. H.& H. and which formerly were comprised in
Also owns entire capital stock ($50,000) of the
Consolidated Railway Co.
supplies light to Bordentown and vicinity. Bordentown Elec. Co., which the
ORGANIZATION.-Incorp. in Connceticut. Stock.
540,000,000, all
). STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. owned by N. Y. N. H.& H.(but see above). New Haven
Co. also owns
Common,$1,100,000 ($50)- $2,025,000 notes. June 1 1907 began operating the lines comprising
$747,150
the
Preferred, $400,000 ($50)
Consolidated By.(merged in 1907 in the N. Y. N. H.& H.); Feb.
5%
266,500
28 1910
First M $1,500,000 g ($100.1 1910
purchased
5 g J-D
substantial
ly all the various street railway properties of the
1,500,000 June 1 1960
$500&$1.000)call.at 110 tf f Int. at West End Trust
Phila.. Trustee. N. Y. N. H. & H. in Connecticut.
Bonds.-Subject to call, all or any, on any interest Co..
On March 1 1910 all the gas, water and electric-light properties formerly
day at 110 and int.
Interest is guaranteed by Public Service By. V.
operated by the Connecticut Co., but owned or leased
94, p. 280, 352.
N. Y. N. H.
ROAD.-Comprises 32.96 miles of track between
& H. RR. Co.. were transferred to the Housatonic Power by
Trenton
and
Riverton
Co.. which com(where connection is made with Camden & Suburban By.
Tracks). By a pany increased its stock from 31.000,000 to $3,000,000. to pay for the
contract between this company and the Camden
acquisition
s. On Jan. 1 1912, however, the gas-distribution lines of the
& Suburban, the Riverside
Traction cars run direct to Philadelphia Ferry at Market
and Federal streets. Housatonic Power Co. and also the lines supplying electricity (not the
Camden.-V.93, p. 408; V. 94. p. 280. 352, 699.
power plants) in Waterbury. New Britain, Greenwich, Norwalk and
Naugatuck were taken over under a sub-lease for 994 years dated Oct.
•(10) Paterson & State Line Traction Co.
1911 by the United Elec. Lt. & Water Co. V. 94, p. 71; V. 93, p 1669. 1
a Stock all owned by the Public Service
Co.
Lease.-The Connecticut Co. owns and has leased to the Shore Line Elec.
• ORGANIZATION.-Incorp. in NowRailway
Jersey Nov. 15 1901. Stock By.,
188.1 miles of track in New London,Willimantic, Danielson and Putauthorized, $300.000 (increased in July 1913 from $100,000; V.
97. p. 522); nam. See separate statement
outstanding, $150,000.
for the Shore Line Elec. By.further below.
Fare Decision.-See V. 99, p. 1672.
lb- BONDS.Date.
Interest. Outstanding. Maturity.
The following companies have been absorbed or are leased or controlled:
1st mtge $300,000 gold
1914
5 J-D
3150,000
Juno 1 1964 Branford Lighting& Water Co.
Fidelity Trust Co., Newark,trustee.
• V. N. Hartford & Glastonbury,St. Ry.
81. P. 155, 210.
Fair Hay. & Westv.RR.
.
Connecticut Railway & Lighting Co. Farmington Street By. V.78.p.989
PUBLIC SERVICE RAILROAD.
V. 69. p.
V. 83, p. 1524.
283; V. 89. p. 593, 1542.
ORGANIZATION.-A consolidation (under agreement dated
Danielson
June
& Norwich Street By. Greenwich Tram. Co. V. 80, p. 118.
30
1913) of the Elizabeth New Brunswick & Trenton RR. and the Trenton
V. 79 p 2 8.
Hart.Man.&Rockv.T.Co. V.82.P-280.




72

ELECTRIC RAILWAYS

Hartford & Middletown Street By. *New London St. By. V. 79, p. 268.
*Norwich Street By. V. 79, p. 268.
Hartford Street By.
Meriden Electric By. V. 79, p. 268. *Putnam & Thompson Street By.
Meriden Horse RR. V. 79, p. 268. Stafford Springs Street By.
Meriden Southington & Compounce Stamford Street Ry.
Torring.& Win. St. Ry. V.85.1).1463.
Tramway Co. V. 83. p. 1524.
Middletown Street By. V.79,p.268. Wallingford Tramway Co.
*Montville Street By. V. 79, p. 268. Waterbury & Pomperaug Val. St.Ry.
New Haven St. Ry. V. 79, p. 989. West Shore By. Co. V. 78, p. 989.
New Haven & Centreville Street By. *Willimantic Trac. Co. V.81, p.1176.
Winchester Ave. RR. V. 78. p. 989.
V. 78, p. 989.
New Hay. & W. Haven Horse RR,
*These roads were leased in 1912 to Shore Line Electric By., which
see further below.
The N. Y. N. H.& H. RR.offered to exchange $100 of its stock for $200
of certain issues of the Consol. By. Co.'s debentures. See V. 82. p. 803,
and V. 83, p. 1037. 517.347,000 of debentures have been so exchanged for
$8,673,500 N. Y. N. H. & H. RR. stock. See V. 84. p. 1114. The following shows the details for each issue of debentures:
Debentures of The Consolidated Railway Company-All tax free.
Er.for Stk. or
Issued. Pur.& Cancel. Still Out.
Authorized.
Issue$745,000 a$4,255.000
July 1'04. 50-yr.,4g J-J $5,000,000 $5,000.000
4,000.000
1.691,000 a2,309,000
Jan. 2'05. 50-yr.,48 J-J 4.000.000
2.160,000 a1.340,000
Apr. 1 '05. 50-yr.,4g A-0 3,500,000 *3,500,000
7,989,000 a2,011,000
Jan. 1 '06.50-yr.,4g J-J 10,000,000 *10,000,000
5,000,000
5.000,000
Mar.I '07. 10-yr.,5% con.15,000,000
Total exchangeable_ _537.500.000 $27,500,000 $17,585,000 $9,915,000
b Feb. 1 1905, 25-yr., 3.
972,000
28,000
1,000.000
1,000,000
3% and 4 g F-A

Wm,. 101.

Bonds.-Of the 1st & ref. mtge. bonds, $915,000 reserved to retire the
or
prior bonds. The remaining $1,534,000 was reserved for extensions for
betterments, but under lease to the New Haven road cannot be issuedNew
any purpose without consent of lessee. V.84, p. 507. Statement to
York Stock Exchange in V. 73. p.852:also V.79,p. 2745; also V. 85. p. 921.
Bonds were formerly not subject to call, but on June 23 1904 a supplemental mortgage was made giving the right to call bonds on any interest
andate at 105 and Interest and establishing a sinking fund of % of 1,7, per
num on bonds outstanding; bonds acquired by the sinking fund are to be
kept alive and bear interest. $679,000 bonds in sinking fund June 30 1915,
Bondholders assenting to the supplemental mortgage had their interest
guaranteed by the United Gas Improvement Co. by endorsement. See
V. 79, p. 626. for form of guaranty. Offer expired Oct. 1 1904 and was
accepted by 510,782,000 of outstanding bonds. See V. 83. p. 969.
ROAD.-Owns 168.788 miles main. 71.12 miles second and 9.152 miles
side tracks; total, 249.652 miles, reaching Milford, Bridgeport, Stratford,
Southport, Shelton, Derby, Ansonia, Seymour, Westport, Saugatuck,
Norwalec, South Norwalk, New Britain, Darien and Stamford; also lines in
Naugatuck, Waterbury, &c. System connects with the Fair Haven &
Westville RR. into New Haven from Bridgeport and Derby, and company
also has traffic contract with the Hartford Street Ry. for reaching Hartford. Gauge, 4 feet 8% inches. 40 to 95-1b. rails.
EQUIPMENT.-Total cars, 474; closed passenger, 199; open passenger,
201; miscellaneous, 74. Car barns, 20; also 4 complete electric-light plants:
also owns gas plant at Norwalk and operates gas plant at Waterbury.
REPORT.-For year ending June 30 1914. rental, $1,374,418; interest,
$1,519; gross income, 51.375.937; interest paid, $610,545; expenses, $2,6313;
sinking fund, $62,755; dividends, $684,804; surplus, $15,203.
OFFICERS.-Pres., R. A. C. Smith; V.-P., Walton Clark; Sec., G. W.
Curran; V.-P. & Trans.,ewis Lillie. Office, New Haven, Conn.V. 84, p. 390. 507, 1113,1366; V. 85. p. 921; V. 86, p. 228.
(2) West Shore Railway.
ORGANIZATION.-Organized Dec. 15 1893. Leased on Dec. 14 1895
to Winchester Ave. RR.for 99 yrs. for int. on bonds and 5% div. on stock.
Lease assumed Feb. 28 1910 by the Connecticut Company, which operates
the property.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$80,000 See text
Stock,$200,000($25)
Standard gauge.
track.
of
miles
ROAD.-Owns 7.42

$38.500,000 $28,500,000 $17.613.000 $10,887.000
Total of all
*Guaranteed, principal and interest, by N. Y. N. H. & H. RR. a These
amounts cannot be increased, as remainder of issues has been canceled.
b Not exchangeable for stock.
The debentures are in coupon form of $1,000 each anti fully registered
debentures of $10,000 each, which are non-interchangeable. Interest may
be collected in New York City and Boston.
Interest. Outstanding. Maturity.
Date,
BONDS$283,000 Sept. 1 1933
5 g M-8
N H & Centerv 1st M. ga 1893
assum'd byN Y NH&H,ntfj
SHORE LINE ELECTRIC RY.(Connecticut).
New Haven Street RR.
2,500,000 Sept. 1 1930
4 g M-S
ORGANIZATION.-Incorp. in Conn. in 1905 to construct an electric
Hartford Street Ry, now( 1900
Clinton,
Hartford,
&
Safe
Tr.
Co.
Dep.
Conn.
railway between New Haven, Stony Creek, Guilford, Madison,
1st mortgage, $2,500,0001
Entrance
Trustee. Int. at New York o'r Boston.
c*ntf
Westbrook, Old Saybrook, Essex, Ivoryton and Deep River.
($1,000) g
165,000 Jan 1 1930 to New Haven over tracks of Connecticut Co. Extended its line in 1913
4 J-J 15
Hartford St By deben "M"ntf 1900
1,992,000 Jan 1 1943 from Deep River to Chester and took under 99-year lease that portion of
Wore & Conn East 1st Ms f gl 1902 4% g J-J
$3,100,000 ($1,000)_ _ _c*ttfInterest at New York Trust Co.. Trustee. the Connecticut Co. known as the New London Division. 104 miles. In
mtge
first
Rock
&
Man
Aug. 1913 leased the New London & East Lyme St. By. V. 96, P. 1298;
Hart
5 A-0
200,000 Oct 1 1924 V. 97, p. 445.
$300,000 41.000) gold_ ntf 1894
415,000 Jan 1 1924
5 g J-J
Meriden Horse Railroad con-1 1894
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
solidated mortgage gold Interest at Girard Trust Co. of Philadelphia. Common,5700.000
(*100)700,000
tfj State Treasurer of Connecticut, Trustee. Preferred, $300.000 ($100)--------300,000
$500.000
175,000 July 1 1928 First mtge.$2,000,000
5 g J-J
Mer South & Comp 1st M gj 1898
2.000.000 Feb 1 1937
5 g F-A
1907
Optional at 110 and interest.
150,000 Oct 2 1923
$200.000 ($1,000) c* ntfl
5 g A-0
New London St Ry first mtge 1893
callable at 110 since 1903..)Interest at Trust Co. of America, New York.
American Trust Co., Boston,
at
Int.
ntf
gold
$150,000,
150,000 Dec 1 1917 Montville Street Ry 1st mtge 1900
5 g J-D
Tory & Win first mortgage' 1897
250,000 May 1 1920
5 g M-N
Conn.
Winsted,
Bank.
Nat.
HurIburt
at
c* ntflInt.
5150,000 gold
$350,000 ($1,000) gold (can Interest at American Trust Co., Boston.
320,000 July 1 1931
5 g J-J
Greenwich Tramway first( 1901
c*.tf
not be called)
York.
1,992.000 Jan 1 1943
mtge $400,000 ($1,000) Interest at New York Trust Co., New
& Conn East 1st Msfg 1902 4% g J-J
Worc
Trustee.
Connecticut,
of
Treasurer
State
c*_ ntf
gold
Interest at N. Y. Secur. & Trust Co., Trust.
($1,000)___c*tt
$3,100,000
30,000 Nov 1 1916
5 M-N
350,000 Oct 2 1923
Portland St By first mtge_ntt 1896
A-0
g
5
1893
mtge.
first
By
St
400,000 July 1 1956 Norwich ($1,000).
5 J-J
Stafford Spgs St By 1st M g tf _ __
_ntf Interest at American Trust Co., Boston.
5350,000
2,075.000
200.000 April 1 1935
Conn Co, Loans & bills payable
5 g A-0
New Lond & E Ljrme 1st M, 1905
$200,000, g ($1,000)_c* Int. at Nat. Bk. of Com., New Lon., Conn.
Bonds.-The Consolidated By. debentures are not subject to call. All
the debentures have printed on their face the statement that if a mortgage
& Connecticut Eastern bonds, no more will
Worcester
the
-Of
Bonds.
is made on any or all of the company's property which was owned on Jan. 1 be issued. A sinking fund on these bonds commenced in 1908 of not to
1905, except to renew existing mortgages, the debentures shall participate exceed 1% of bonds outstanding. Bonds cannot be called, but may be
in the security of such mortgage. The debentures due in 1930 bear 3% bought on a 3% basis or better, and kept alive for sink. fd. See V. 75,
interest from Feb. 1 1905 for first 5 years,3%% for next 6 years and 4% for p. 1204. Of the Montville St. By. 1st mtge. gold bonds, the balance unfollowing 15 years. and were issued to pay for acquiring the Berkshire Street issued can only be issued for 66% of actual certified cost of impts. or adBy.(V.80. p. 471). which company was subsequently acquired by the New ditions to property. Original mortgage of the Montville Street Ry.
England Investment & Security Co., then in turn re-acquired by the N. Y. provided that bonds might be called in 1905 at 105, but through a suppleN. H.& H. The $3,500,000 debentures due April 1 1955 were issued to ac- mental mortgage this redemption clause was eliminated, so bonds are not
quire the Hartford Street By. The 310.000,000 debentures of Jan. 1906 now subject to call.
were issued to the N. Y. N. H.& Hartford for advances.
EARNINGS.-For year end. June 30 1915, gross, $984,129; net, $352,Of the Worcester & Connecticut Eastern bonds, no more will be issued.
A sinking fund on these bonds commenced in 1908 of not to exceed 1% of 184; int., rentals & taxes, $397,886; balance, deficit, $45,702.
3%
a
on
may
be
but
called,
bought
be
cannot
Bonds
outstanding.
bonds
ROAD, ETC.-Gauge. 4 ft. 834 inches.
basis or better, and kept alive for sink.fd. See V.75, p. 1204.
OFFICERS.-Pres., R. W. Perkins; V.-P., P. de0. Sullivan; Sec. and
gross,
year
1915,
June
ending
for
30
Co.
Connecticut
EARNINGS.-Of
'rreas., A. E. Sherman.-V. 96, p. 1298: V. 97, p. 445; V. 99, p. 1750.
$7.960,821: net after taxes. $2,233,938; other income. $275,503; int.,
rentals, &c., 51,185.984; dividends, $400,000; surplus, $923,457. PassenTHE RHODE ISLAND CO.
gers carried in 1914-15, 150,354,474.
Control Passes to Trustees.-On Nov. 7 1914 the securities of the Rhode
ROAD.-Connecticut Company operates 708.533 n2iles of line (of
Danielson Ry. and the Seaview RR. (see
which 412.241 miles are owned, 286.443 miles leased and 9.847 miles Island Co., the Providence and the
N. Y. N. H.& II. RR. Co. and carrytowns:
the
and
following
cities
V.99, p. 1452), recently held by
operated under trackage rights), serving
the system, were transferred to five trustees as
Cities of New Haven, Hartford. Bridgeport, Waterbur•y, New Britain, ing complete control ofDepartment
of Justice.-V. 99, 13. 1452. These
S.
Derby,
U.
Rockville,
the
by
required
Norwalk,
South
Stamford,
Middletown,
Meriden.
effort to sell the securities of these comShelton, Ansonia, and the towns of East Haven, Branford, North Haven. trustees are to exercise their best
are: Rathbone Gardner. Theodore
Wallingford, Hamden, Orange, Southington, Plainville, Farmington. panies by July 1 1919. The trustees
P.Farnsworth and Chas. C. Mumford.
Portland, Middlefield, Cromwell, Rocky Hill, Wethersfield, West Hart- Francis Greene,John 0. Ames,John
RR.statement above and V. 98.
H.
&
II.
N.
Y.
ford, Bloomfield, Windsor. Stafford, East Hartford, East Windsor. all of Providence. See N.
Manchester, Vernon, Glastonbury. 'Greenwich, p. 1000. 1245.
South Windsor,
it is understood, for the
negotiating,
are
Providence
of
Co.
Darien,
&
,
,
Westport,
orwalk
Bodell
Fairfeld
INT
Huntington,
Stratford, Milford,
Naugatuck, Watertown, Middlebury, Thomaston,Torrington, Winchester, control of the company on behalf of a syndicate.
Beacon Falls, Seymour, Cheshire, Newington and Berlin, Connecticut.
-Created in 1902 by Special Act of the Rhode Island
ORGANIZATION.
Cars operated June 30 1915, 1,536 passenger and 367 freight, &c., cars; Legislature. Leases the Union Railroad Co.,the Pawtucket Street Railway
total, 1.90:1. Standard gauge.
Co. and the Rhode Island Suburban Railway Co.-see terms under United
OFFICERS.-Pres.. Lucius S. Storrs; V.-P.& Gen. Mgr.. J. K.Punder- Traction & Electric below. The Rhode Island Co. has no bonds. In
ford; Sec., Victor S. Curtis; Trans., E. T. Chapman; Compt.,I. A. May,all June 1907 purchased the Providence & Burrillville Street Ry.. the Columof New Haven.-V. 91, p. 870; V. 97, p. 666, 1733; V. 98, p. 999, 1244. bian Street By. and the Woonsocket Street By. companies. V. 84. p. 1368.
1459: V. 99, p. 342. 1052. 1451. 1672; V. 100, p. 139.
In June 1911 leased the Providence & Danielson By., the Seaview RR.
and Narragansett Pier RR.-see terms under separate companies below.
(1) Connecticut Railway & Lighting Co.
92, p. 1566.
V.
Lease.-Leased for 999 years from Aug. 1 1906 to the Consolidated By.
Franchise.-On May 27 1912 entered into an agreement with city of
Co. which latter has since been merged in the N. Y. N. H. & H. RR. Co.
granting the company a 20-year franchise from July 1 1912
gradually
Providence
increased
and
Rental amounted to $975,000 for the year 1906-07
to $1.400.000 for the year 1914-15 and for every year thereafter. The under regulations as to operations, equipment, &c., principally mentioned
common shareholders paid the Colonial Trust Co., trustee, $10 per share n V. 95. p. 619.
Strike.-A strike lasting two days was called off July 17 1915 when an
on their stock, which, with the surplus rental received under the lease,
provides a fund which, it is announced, is sufficient to pay 4% per an- arbitration agreement was signed by both sides.
ha
this
stock
to
assented
the
All
shares.
and
pref.
Interest. Outstanding. Maturity.
corn,
both
on
num
STOCK AND BONDS- Date.
1913.6%
arrangement. Preferred shareholders agreed to accept 4% dividends dur- Stock, par$10059.685,500
4,781,750
ing the term of the lease, instead of 5%. V. 84. p. 507. Pref. stock was Loans and bills payable June 30 1915
issued in satisfaction of unpaid accumulations of dividends on pref. shares
above notes are held by N. Y. N. H.& H.
$3,281,750
to Aug. 11906. Dividends since on pref. stock have been 1% each quarter.
ROAD.-The Rhode Island Company operates 353.73 miles of line
ORGANIZATION.-Originally chartered in Connecticut July 2 1895 as
railway and 8.41 miles steam railroad),of which 39.07 miles
the Gas Supply Co. Charter amended and name changed March 2 1899 to (345.32 street
It serves the cities of Proviowned and 314.66 miles are leased.
are
uniting
various street
Connecticut Lighting & Power Co.,for the purpose of
Pawtucket, Central Falls, Woonsocket and Cranston in Rhode
railway and light and power properties in Connecticut. Name changed as dence, and
the towns of Warwick, North Proviand
Conn.,
Danielson.
Island
It
is
44.
p.
a
72,
V.
consolida1269;
V.71.
p
at present on Jan. 10 1901.
dence, East Providence, Johnston, Smithfield, North Smithfield, Burrilltion of the following companies, whose fran hises are said to be perpetual:
Scituate, Warren,
El. Lt. Co. ville, Cumberland, Lincoln. Barrington, Coventry,
Norwalk & So. No
Bridgeport Traction Co.
Kingston and
Bristol, East Greenwich, Foster, North Kingston. South St.
Street
Railway
Co.
Norwalk
Brit.
Central Ry.& El. Co of New
was opened
Thayer
to
St.
Main
North
from
The
tunnel
Narragansett.
Norwalk Tramway Co.
Cheshire Street Railway Co.
In Aug. 1914. V. 99, p. 539. Its equipment consists of 972 passenger
Shelton Street Railway Co.
Derby Street Railway Co.
total, 1,212.
cars;
miscellaneous
154
cars
and
freight
86
cars.
&
Plantsville
Southingt'n
Tramway.
Greenwich Gas & Electric Ltg. Co.
Thomaston&WatertownElec.Ry.Co.
EARNINGS.-For year end. June 30 1915, gross, $5,084,137; net after
Milford Street Railway Co.
Waterbury Traction Co.
taxes, $1,173,154; other income, $121,755; total income, $1,294,909; int.,
Naugatuck Electric Light Co.
By.
Street
Saugatuck
Co.
&
Westport
rentals, &c., $1,410,338; deficit. $115,429.
Naugatuck Valley Electric By. Co.
Norwalk Gas Light Co.
OFFICERS.-Ch'm'n of Board, Rathbone Gardner; Pres. & Mgr., A. E.
STOCK AND BONDS- Date. •Interest. Outstanding. Maturity. Potter.-V. 89, p. 43; V. 90, io. 699; 1677; V. 92. p. 1566; V 95, p. 619;
$8,977,200 Aug '15, 1% V.97, p. 667; V. 98. p. 1001, 1246; V.99,p. 539, 1053, 1452, 1599; V. 101,
Common stock ($100)p. 213, 289.
Pref 5% cum after Jan 1 1904
8,142,900 Aug '15. I%
Q-F 15
($100) (reduced to 4% un- ____
(a) United Traction & Electric.
der lease to New Hay Co_
ORGANIZATION.-United Traction & Electric Company, chartered in
1st & ref $15,000,000 gold 1901
43-s g J-J 12,551,000 Jan 1 1951
New
Jersey, owns the Union Railroad Co. of Providence, the Pawtucket
($1,000) sinking fund_c*tf Int. at Trust Co. of Amer., N.Y.. Trustee
706,000 July 1 1923 Street By. Co. and the Rhode Island Suburban By. Co., and thus controls
5 g J-J
Bridgeport Traction mort- 1893
entire
street railway system of the cities of Providence, Pawtucket and
J.
the
N.
Newark,
Co.,
Trust
Fidelity
Trustee.
($1,gage $2,000,000 gold
Central Falls, and of the counties of Kent, Washington, Bristol and ProviInterest at Redmond & Co., New York.
c*
000)
209.000 Jan 1 1939 dence.
5 J-J
Connecticut Light & Pow- ntf 1899




SEPT., 1915.]

ELECTRIC RAILWAYS

73

The Union Railroad Co. and the Pawtucket Street Railway Co. have nal, Bennington and Shaftsbury. Vt., and Hoosick Falls. N. Y. 146
been leased for 999 years from June 24 1902 and the Rhode Island Subur- passenger and 35 other cars. V. 92, p. 955; V. 93, p. 870; V. 94, p.
ban Railway Co. has been leased for 999 years from June 30 1904 to The 1117; V.95, p. 967, 1039; V. 96, p. 1088, 1627; V.98, p. 999; V. 99, p. 205.
195.
Rhode Island Co. for an amount of rental permitting the United Trac. es
OFFICERS.-Pres., Howard Elliott; V.-P.. L. S. Storrs; Clerk & Mgr..
Electric the owner of the shares of the three leasing companies, to pay its
C. Q. Richmond; Treas., A. S. May; Aud., I. A. May.
yearly fixed charges and dividends of 5% on its stock.
For statement as to the relation of this company to the Rhode Island
(1) Vermont Company.
since the five trustees have acquired control of the former company, See
Lease.-Is leased to the Berkshire St. By.for 99 years from Feb. 1 1911.
V. 99. p. 1599
Owns 28.08 miles of line (serving Bennington and Pownal), being that part
STOCK AND BONDS- Date. Interest. Outst'd'g. Div.,Mat.,&c. of the former Bennington & North Adams St. Ry. lying within the State
Vermont. Also owns the stock of the Hoosick Falls Ry. On June 30
Stock
$8,000,000 Oct'15,13i% of
5 Q-J
United Trac & Elec Co,Provl 1893
9,000,000 Mar 1 1933 1915 the N. Y. N. H.& H.owned 6,500 shares of stock and $846.000 1st
5 g M-S
& Paw issue, 1st (coil) Interest at Central Trust Co., N.Y.,Trustee M. bonds (tf).
mtge ($1,000), gold_ .._n tf
(a) Hoosick Palls Railroad.
Dividends.-Company started paying dividends with 1% in 1897. In
Incorp. in 1910 to acquire that portion of the former Bennington & North
18983% was paid; in 1899,3U%;in 1900,4%;in 1901.4%;in 1902,4(%: Adams St. Ry. lying in New York State. On Feb. 1 1913 was leased to
1903 to 1915 incl.. 5% per annum.
the Vermont Co.for 99 years but is being operated by the Berkshire St. Ry.
SECURITIES PLEDGED.-The bonds are secured by the_pledge of the by agreement. All the stock is owned by Vermont Co. Owns 7.53 miles
following securities deposited with the Central Trust Co. of N. Y.., as trustee of line serving towns of NValloomsic, North Hoosick and Hoosick Falls,N.Y.
of the bondholders: All of the $9.000,000 capital stock of the Union RR.
NEW YORK & STAMFORD RAILWAY CO.
of Providence„ all of the $500,000 capital stock of the Pawtucket Street Ry.
(no bonds) and all of the $3,000,000 first mortgage bonds of the Union RR.
The New Haven Co. is to sell on or before July 11919, pursuant to the
of Providence. Also, through the ownership of the Union RR. Co., $299.- decree of the U. S. Govt., 5.000 shares of the stock and 3678,000 bonds.
800 of the $300,000 capital stock, being all but 2 shares, of the Providence The New Haven company intends merging this company with the WestchesCable Tramway Co. (no bonds). The Providence Cable Tramway Co. is ter Street RR. and the Shore Line Electric RR. and will dispose of all the
leased to the Union RR. Co. for 50 years for 6% on its capital stock.
securities whenever a reasonable price may be realized.
On June 30 1915 N. Y. N. H. & H. owned entire capital stock and the
TREASURY SECURITIES.-The United Traction & Electric Co. has
In its treasury the entire capital stock ($5.