Full text of Commercial and Financial Chronicle : September 26, 1914 : Electric Railway Section, Vol. 99, No. 2570

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ELECTRSECTRAILWAY
IC
ION
COMMERCIAL & FINANCIAL CHRONICLE:
OF THE

Copyrighted In 1914 according to Act of Congress, by WILLIAM D.DANA COMPANY,in office of Librarian of Congress, Washington, D.C.

Vol. 99.

NEW YORK, SEPTEMBER 26, 1914.

ELECTRIC RAILWAY SECTION.
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EFFECTS OF EUROPE'S WAR ON THE ELECTRICAL RAILWAY INDUSTRY.
At the outset of the European War many surmises
were made as to the effects it would have upon the
electrical industry in the relations of the United
States to the countries on both sides of the Atlantic.
Extravagant opinions were ventilated that a golden
opportunity had been unexpectedly presented for
the manufacturers and exporters of the United
States to seize upon fields now occupied by the
belligerent nations, whose production of heavy electrical machinery for railways, hydro-electric plants,
lamps and miscellaneous supplies, including telephone and telegraph apparatus, was likely to be
more or less crippled by the call of the artisan populations to mutual destruction.
Estimates of more sober thinkers and authoritative representatives of the electrical industry have,
however, now caused much modification of the
hasty predictions first made. In seeking to exploit
foreign fields under emergency conditions, it is
agreed that something more will be wanted than a
sudden spurt and entrance into unaccustomed trade
conditions by inexperienced exporters, if the trade
is to be made permanent. On the other hand, fears
of a possible shortage of supplies and materials
drawn from Europe have been shown to be due to an
unnecessary scare. Taking the electrical field generally, the United States need look abroad for practically none of its manufacturing materials. The home
requirements are now so great that immense stocks
of wires and cables are maintained as necessary for
upkeep purposes. Material and insulating rubber
used for the industry are abundant and promise
+n be obtainable at lower prices than in the last two
yt,..xs. Large stocks of foreign made electrical goods
are still available in many sections of South America
and if the war terminates before this supply is exhausted, the demand for American goods would only
grow slowly. The foreign electrical business of the




No. 2570.

chief exporting concerns consequently, it is now
apparent, has not been materially affected by the
war, excepting as regards the transportation of some
goods on old order.
It must needs be that the electrical railway enterprises of the world should undergo radical changes
of initiative, organization and maintenance in the
cataclysm that has disrupted Europe politically,
commercially and industrially. Brussels has been
the official headquarters of electric railway lighting
and power corporations with undertakings in every
part of the world. The Belgian capital was thus ?,
kind of clearing house for electric corporation.securities, in which French, German, Belgian, British and
other financiers have made vast investments, amounting, it is estimated, to at least $1,000,000,000. The
very status of Belgium as a supposedly neutral country fostered the concentration of such corporations
at Brussels, and the share of Belgium itself in their
organization and the growth of Belgian industries
connected with them in its manufacturing cities and
districts were greatly increased by the efficient
consular service of the Belgian Government. But
in Brussels, as a centre of electric railway finance,
Germany, from its great lead in the electric industry, has hitherto exercised a powerful preponderating
influence. This in no small measure explains the
quickness with which Germany proceeded to occupy
Brussels and through a commission of its most
powerful bank directors attempted to reorganize
its financial system, on the assumption that Belgium
would become an integral part of the German
Empirt
Europe has hitherto largely financed all the electric
development undertakings and Germany, through
its predominance, had gained a major share of
whatever profits have been secured by its banking
loan system and the reflex action due to its insisting
on its foreign creditors purchasing their materials
and supplies in Germany for the benefit of its manufacturing plants.
The returns of the exports of electric goods from
the chief countries concerned show how great has
been that predominance. Germany in 1912 sent
abroad electric goods worth over $55,000,000, Great
Britain $34,000,000 and the United States $26,000,000. Thus Germany exported 110 per cent
more than the United States and 62 per cent more
than Great Britain and nearly as much as both the
other two countries together. She exported to them
six times as much value of electrical goods as she.
imported from them, and in fact easily controlled
the electrical import trade of Europe. Practically
she supplied the whole electrical trade of Russia,
which bought from her $6,600,000 of electric goods,
as compared with only $60,000 from the United
States.
In South America Germany's lead was not so
pronounced and the United States makes a good
second, as may be seen from the trade figures for
the four southern republics of Mexico, Brazil
and
Chile. These give a total in 1913 for
Germany,

2

ELECTRIC RAILWAYS

$7,300,000, Great Britain $5,300,000 and the United
States $6,020,000.
If the war should be prolonged, it is thus manifest
that a great opportunity is opened for filling the gap
that has been caused, not only in South America,
but in Russia and other European and Asiatic countries.
The war in Europe, then has fixed the attention
of the American capitalist, whether banker, financier
or investor, as nothing else could have done, upon
the possibilities of expanding American trade abroad,
particularly in South America. To share in this
expansion the electric industry of this country is
peculiarly well situated and adapted. But, as has
been well said in current discussion,the United States
cannot in a week capture this trade from its predecessors in the foreign field. The good-will and confidence of the foreign purchaser must be cultivated
and won by a patient and intelligent campaign to
prove the advantages of mutual trade.
While it cannot be considered that the war, taking
a broad view of its effects, has yet brought benefit
to the electric railway industry of the United States,
yet there are some new branches which undoubtedly
will receive an appreciable stimulus. The manufacturers of rails may receive additional orders for
export as the financial conditions are re-arranged.
Deposits of minerals used in manufactures known to
exist in the United States from the Geological Surveys
will be utilized to replace the production of manganese,
potash, mica, lead and copper hitherto derived from
German and other foreign sources. In the manufacture
of dry-plate batteries, cyanide of potassium exported
from Germany has played an important part.
Chemists of the manufacturing plants here have
been busily devising means in the past few weeks
to supply the deficit by inventing substitutes.
The central power station plants which supply
current to the electric railways are well maintaining
their activity and earning supplementary revenues
from all sorts of new industries to which the electric
drive power can be applied, such as the distillation
of spirits, the making of lamps and carbons to take
the place of the tungsten and the glass bulbs previously imported. Electric signal apparatus, automobile frames, motor wagons, fire extinguishers,
fuses and many other incidental equipments, will be
wanted to replace the wastage going on. It must
be remembered, moreover, that the war has drawn
into the battlefield the most intelligent and highly
trained of modern artisans and mechanics who have
been engaged in the European electrical industry.
The skill of the American electrical *workman will
consequently be of enhanced value.
Taking the main effects so far as they can be seen
at present, they may be summed up to be the following.
There has been a disintegration of the international industrial corporations centred in Germany
and Belgium, with a corresponding closing down of
factories and a withdrawal of the ablest organizers
and workmen employed in the electrical industry
of Europe.
The use of automobiles driven by coal steam,
gasolene or the electric battery has been demonstrated in the most striking way in the transportation of troops and their food and medical supplies.
Omnibuses, private cars and freight-motor trucks
have been pressed into the military service by the
thousands by every belligerent and neutral country
that has mobilized. This, in itself, showing the
universal adaptation of the railless automobile,
must provide serious food for reflection to the
managers of electric railways.
Hydro-electric developments may be expected to
be rapid after the war, as in those countries which
import coal every attempt will be made to utilize
water power and other means which may be found
less costly to operate than with coal as the steam
producer. Interurban long-distance electric rail-




xcix.

ways will probably more and more come to depend
on the hydro-electric form of power production.
Where coal is found to be the cheaper, the coal
mines will be worked to great extent, and the domestic mines of other minerals will be exploited for all
they are worth.
At the same time factories and manufacturing
plants will be set going for making the machinery
and subsidiary goods and accessories used in the
manifold branches connected with the general electrical industry.
REDUCTION IN SIZE OF WHEELS AND
MOTORS.
In the setting up of standards which may lead to
the general use of certain types of equipment there
is always the danger of establishing barriers against
improved designs as well as new inventions that may
mean economical advantages in mechanical operation. This consideration has doubtless been borne
in mind by the standardization committees that have
the best interests at heart of the electric railways
of the country. While too much can hardly be
said upon the desirability of reducing the number of
patent designs of railway rolling stock, gear and
apparatus, which threaten endless perplexity to
purchasers and managers of the operating departments,it is necessary to call attention to the importance of preserving an open mind in the choice of
types of apparatus so as not to be bound down too
strictly to a few particular forms manufactured by
the leading plants.
Much satisfaction will accordingly be felt in many
quarters at a change which has made considerable
progress in the building of street cars with a lower
level. To the public this brings a benefit more and
more appreciated of getting on and off the car with
less trouble and fatigue. Especially it should in
no long time exert a noteworthy influence in the
reduction of personal injuries and, therefore, in the
amount of claims made upon and discharged by the
street railway companies. The "low floor" car
naturally brought in its wake a truck with smaller
wheels and suggested. the question whether the
previous standard of truck, with its wheels and
motors, was not pitched on a scale not really necessary both for speed and efficiency.
The example of the Pittsburgh Railway Company,
which originated the "low-floor cars" for city service in Pittsburgh and introduced the truck with
the so-called "baby" type.of 24 inch wheels and the
"baby" motors of 30 horsepower, has met with considerable favor, and various companies are stated
to have determined upon installing similar types.
In some cases it has been found practicable and
economical to convert cars that have been running
for many years. The United Railroads of San Francisco is one of the latest instances to adopt this
change. Upon the requirement of one of its types
of cars which had been in service since 1895 tests
that have been made since have proved so satisfactory under actual working conditions that the
rest of the class of 120 cars will be similarly modified. The car had a length of 44 feet 11 inches,
seated 52, and weighed'43,140 pounds with the old
motors. In the shops the trucks were fitted with
24-inch instead of 30-inch wheels, new motors were
mounted, brakes hung inside instead of outside,
and in accordance with these modifications the level
of the car floor was lowered six inches.
At a cost of $1,682 per car (the four baby-type
motors counting for $1,500 of this amount) it is
estimated that the actual reduction in weight was
6,220 pounds. The total saving in energy consumption, due to the substitution of the new motor
and the reduction of car weight, was shown in the
series of tests carried out on the most trying section'
of the company's lines, to amount to 21.19 per cent,
or 0.82 per kilowatt hour per car mile. It seems
highly probable that the use of the small-wheel and

SEPT., 1914..1

ELECTRIC RAILWAYS

the baby motor will even pay for the cost of the
change on old cars. Operating managers, therefore,
who are casting about for means of economizing,and
are anxious to extend the life of their original cars
to the last practicable limit, have before them
reasonable justification for making an experiment
like that carried out at San Francisco by the master
mechanic and equipment engineers of the company's
workshops.
A further innovation has been made by the Pittsburgh Railways Company in the extension of the use
of small wheels to its interurban service. The cars
now in use on the company's interurban lines weigh
from 33 to 37 tons and are equipped with four 100
horsepower motors. On one run the thirty miles
to Washington, Pa., is covered in one hour and fifty
minutes and on another, that to Charleroi, it takes
two hours and fifteen minutes to cover the 34.6
miles. In both cases the speed is retarded in the
first seven miles, where cars are within the city zone
limit. Some courage was required in applying the
small wheel and motor designs to the ordinary interurban system, where the standard of wheels has run
up to 36 inches diameter; but, applying the same
principles of design proven to be efficient with the
original thirty horsepower baby motors,the engineers
of the Pittsburgh Railways Company are having
constructed ten interurban cars run on trucks with
wheels of 26 inch diameter.
In the test runs for the attainment of this object
to show that the small wheel may give the requisite
high speed in interurban service,a car was employed
52 feet 8 inches long, weighing 45,000 pounds; a large
part of the great reduction in weight is obtained
through the use of the small wheels, motors and
trucks. It was found that the test car could maintain its schedule equal with that of the standard
interurban cars making all stops and operating
in a satisfactory way on all grades. In one run a
speed of 51 miles per hour was obtained.
This diminution in the size of wheels for interurban high-speed service will need very careful
watching, especially in relation to the curves and
grades of the lines on which they are intended to run.
It would be a serious objection to their use if they
are found to be unable to meet severe operating
conditions. There are many lines on which the
physical character of the road may place them at a
disadvantage where curves are acute and the truck
frame must be unusually strong. For heavy, highspeed service trucks the standard of the highest
class in interurban passenger service,it may be noted,
requiring a maximum speed of fifty miles per hour
and where the curves are of 45 foot radius is designed
with a wheel base of 84 inches and the wheels are of
solid rolled steel 36 inches in diameter. Such are
the trucks designed for the Ohio Electric Railway
and the high-speed service shortly to be opened
between Kalamazoo and Grand Rapids.
CODIFICATION OF ELECTRIC RAILWAY LAWS.
.
It would serve a good purpose if an attempt should
be made to bring together in one comprehensive
body of law the decisions and regulations passed by
the various utility commissions having jurisdiction
over electric railways. In the seven years that have
passed since the first of these commissions was established, 28 of the 48 States of the Union have
adopted the commission form of controlling electric corporations as public utilities. In this time
there has grown up what is substantially a "corpus"
of decisions and rulings from which jurists should be
able to deduce a rational theory of the underlying
principles which are actuating our lawmakers in the
exercise of their powers over a most important
branch of the public service.
As in the case of all special branches of law, where
the application of fundamental principles has to be
made in new fields of industry, there is danger of
the different legislatures making many enactments




3

which further experience may show to be extremely
impolitic. Even where different States have legislated upon the same lines, and aimed at the execution of similar policies, interpretations by the individual commissioners and the review of their decisions in the courts have brought about uncertainty
and confusion that have been detrimental to the development of electric railways as a whole throughout
the country.
But though at first sight a hasty observer might
see in the multiplicity and diversity of the laws but
little ground basis of a general guiding policy, a
patient review of what have now come to be regarded
as leading cases may show that some definite conclusions have been arrived at that may be accepted in
the practice of electric railway law.
Thus, it is now possible to lay down with more or
less precision the guiding policies which are actuating
the State commissions as regulating bodies. That
the tendency towards uniformity of rules and practices is becoming pronounced in regard to several of
the most important questions affecting the electric
railways as public utilities, has recently been shown
by a study made by Mr. Edwin Gruhl, published in
the "Aera." His citation and analysis of decisions
of various commissions which have come to be regarded as precedents or leading cases will help considerably the formation of such a digest and exposition of electric railway law as is needed to clear away
the early confusion.
The decisions of the commissions which he has examined involve securities, certificates of necessity,
rates and service. Public service commissions are
almost invariably called upon to determine reasonable
rates as one of their first duties, to satisfy the public.
No fixed standards as yet seem to be set up in fixing
a rate of return on the investment estimated on the
.
value of a public utility property, and regarded a.s
necessary to attract capital, and much variation is
shown in the amounts determined as reasonable.
On the applications to increase rates the variations
range between 7% and as high as 12% before the
rates of return on the investment are condemned as
unreasonable.
The basic principle laid down by the Wisconsin
Commission that a fair return necessary to attract
capital and business activity should be the standard
of the rate, has been adopted by the Public Serand the
vice Commission of the City of New York .
New Jersey Board of Public Utility Commissioners
in leading cases. This general policy was well defined by the Supreme Court of Wisconsin in the celebrated Soo case. The Court then laid down the rule
that public policy required liberal rates, and that
there should be a fair margin over a rate sufficient
to yield a return which just escapes being confiscatory. If this margin be exhausted or swept away
by onerous orders of the commission, as fast as accumulated, it is certain that no one will long economize on operating or other expenses, since economy
would only furnish a larger basis for further exactions. Looking to the need of developing the State,
the Georgia Railroad Commission, so lately as
February this year, allowed a rate of 8.99% upon the
estimated value of the property of the Macon Railway, avowedly on the ground that disaster might be
incurred should it, carelessly or ignorantly, prescribe
unjust and unreasonably low rates. The practice
of the New York Second District Commission in
fixing a minimum rather than a fixed return has
been followed by the Nebraska Commission, and
has much to commend it in general application. It
may be noted as a rule that in only a few cases have
the commissions determined the existing rates of
return to be unreasonably high, and these are all in
excess of 12% upon the estimated rate-making value.
When it comes to making valuations for ratemaking purposes, the diversity of practice among the
commissions causes the greatest perplexity. Varying theories of estimating this value are used by the

4

ELECTRIC RAILWAYS

commissions, so that,with two exceptions, all of the
commissions follow different bases. Where the
commissions have given definite expression to their
policies as to value the differences in rulings cover
a wide range, varying from cost of reproduction, depreciated condition, without any additions for intangible elements of value, to book value without
deduction for depreciation. Something may be done
towards clearing the ground in this maze of tangled
elements of "values" by the systematic, periodical
reports made to the Inter-State Commerce Commission in accordance with the regulations recently
promulgated for railroads, subject to their supervision, which will doubtless be used as general standards. But some time, it is certain, must elapse before decisions of the commissions and the courts make
it possible to deduce from them to what extent definite policies can be ascribed to the legislative and administrative authorities.
An important conclusion drawn from the review of
these commission decisions is that, though it is not
asyet generally recognized,"cost of service" is assuming increased consideration as the basis for determining reasonable rates. The application of standards in street railway service is only in the experimental stage. It is not certain that the example
of the New York and Wisconsin commissions in
issuing street service orders will be universally followed. Such questions as zone fares,headway of trains
in rush hours and the seating rules for cars may or
may not be reducible to standards. So many collateral problems underlie the subject of such proposed standardization that more than ordinary interest attaches to the inquiries and studies now being
undertaken as to the possibility of establishing
a standard uniformity of practice.
PRESENT WORK OF THE AMERICAN ELECTRIC RAILWAY ASSOCIATION.
Many reasons make the annual convention of the
American Electric Railway Association to be held
at Atlantic City from the twelfth to the sixteenth
of October one of the mon important of the thirtythree now numbered in the Association's existence.
The electric railway industry has reached a stage
of development where the fundamental principles
of the means of transportation for which it is
responsible are well known and accepted. As
a public utility of the first order the electric railway
ranks side by side with its elder brother, the steam
road. In the crystallization of its forces and in its
self-adaptation to the general scheme of the daily
life of the body politic, the electric railway system
of the country is now primarily engaged in perfecting
its organization and in putting into general practice
those methods of operation that sufficient experiPnce
has approved as most desirable. These are governed
by the standards towards which electric railway
managers are aiming, both in the types of equipment
material and physical properties and in the conduct
of their roads in relation to the public represented
by the many State and other commissions called into
being in the past few years.
The American Association represents 36,500 out
of a total of 43,100 miles of track in the United
States. It includes about 400 companies in its
membership. The parent association has now under
its direction the work of the Accountants Association,
17 years old, the Engineering Association, 11 years
old, the Claims Association, 10 years old, and the
Transportation and Traffic Association, 6 years old.The vitality and comprehensive nature of the work
carried on may be estimated from the fact that
sixty-two committees will report during the convention. Many of these reports, of course, deal with
purely technical matters, but several of the leading
reports of a more general nature which come up for
discussion have additionally strong interest lent to
them by current circumstances affecting the electric
industry as a whole and the public welfare nationally.



[VOL. xcix.

The spirit of co-operation for the promotion of
general common practice among the constituent
company members of the association is seen in the
report of the Joint Committee on the Joint Use of
Poles used for the stringing up of current wires or
for lamp or other attachments along the streets,
towns or country thoroughfares. A solution is
offered in the recommendations of the committee
for many vexed questions that have caused an immense amount of controversy and litigation. If the
report is endorsed by the convention, moulded
as it has been by the Committee to meet the
various objections and considerations threshed out
during the past two years,a great step will have been
taken to remove the disfigurement of streets, introduce harmony and uniformity and avoid useless
expense in the multiplicity of poles. Such a sight
as a dozen poles at a street corner, where one would
suffice, to carry electric railway and telephone wires,
lamps, &c., is intended to be a thing of the past.
Similarly, the aim of the associations represented
on the Joint Committee, namely the American Association of Electric Railways, the National Electric
Lighting Association, the American Telephone and
Telegraph Company, and the American Institute of
Electrical Engineers,to bring about a common agreement as to the joint use of poles by wire users,so as to
secure the better protection of their employees and
the public, seems likely to be realized by the adoption
of the report. Though the ratification will not bind
the individual company members, the cohesion of
the majority would doubtless facilitate actual movement all along the line.
In the rapid growth and progress of modern communities and municipalities among which the idea
of "city planning" has taken strong root, few movements affecting transportation and the adaptation
of public utilities to the convenience and welfare of
the community have more practical urgency than
this matter of the joint use of poles. A common
agreement in practice will tend to remove the difficulties often arising from the carrying on the same
poles lines conveying currents of varying voltage
and make for conditions ensuring good and safe
construction. To what a great extent this common
use prevails may be judged from the instanceof
the Bay State Railway Company, which maintains
about 65,000 poles located in ninety-six different
cities and towns in nearly all of which a large majority of the poles are occupied by one or more other
electric lighting
companies operating telephones and.
and power plants owned by local, private or municipal companies. Such detail matters as the maximum
spacing of line poles and line span, put at 125 feet,
though the best practice to-day limits this to 100
feet in the case of a railway line carrying trolley
wire only, may well be left to the proposed standing
.
committee, which can revise the agreement from
to time in accordance with its judgment upon
time
inquiries, criticisms and suggestions referred to it.
Special significance attaches on the technical side
to the work of the Accountants' Association. Discussion will be concentrated on the new revised classification of revenues, operating expenses and road and
equipment accounts, as formulated by the InterState Commerce Commission,which became effective
July 1st, on the start of the new fiscal year. For
its effective working it is evident that the accountancy
department of the electric railway will have additional responsibility thrown upon it. The Committee on Accounting Definitions will report to the
American Electric Railway Convention for the first
time. Standard definitions have been laid down for
certain accounting terms which hitherto have been
used with vagueness or inaccuracy. On the subject
of accounting, other committees, such as those of the
Engineering Association, in relation to the life of railway physical property, the Claims Association and
the Transportation and Traffic Association will have
much to say from their individual standpoints.

ELECTRIC RAILWAYS.
SECURITIES AND REPORTS
-dependent
This is one of our six Sections or Supplements. In using the series it is to be remembered that they are inter
publications, complete only as a whole. If utilized together, and with the fresh items of news the "Chronicle" contains from
week to week, the investor will have all the information he needs in seeking a safe and remunerative lodgment for his money.
The terms and abbreviations employed in this SUPPLEMENT are explained in the following:
-Under these words are shown
"STOCK AND BONDS."
For example,
follows the word
par value of
"STOCK."
-The amount of stock authorized immediately. charter or by "stock," and against this is thedivided into single shares. each; "f. p.'
Act of Legislature, $200.000,
shares of 3100
stock, total issue authorized by
"Stock. $200.000 ($100)." means
"full paid.'
following the amount given as outstanding means cum.' means preferred stock entitled to dividends of 6% per annum, such dividends If not paid
"prey. 6%
"Pref." means "preferred stock.
for each and every year before
common stock receives anything.
accumulating, all dividends due and unpaid to be paid in full if earned, but that if unearned the any year the dividend for that year "Pref. 6% nonin
will not be paid
cum," means simply that the stock is entitled to 6% per annum
subs?firsigly. .
means mortgage. "Consol." or "con. M." means consolidated mortgage. "Gen. M." means general mortgage.
'
DS. -"Mort." or "M." authRrizal amount that can be issued under the mortgage. The word "gold" is usually spelled out, but in some
The amount next following is the total"cur. means currency.
Instances is Contracted to g, while
sinking fund. "c." means coupon; "ce" means coupon but may be registered as to
S.
"Cony." means convertible into stock. " r. means registered, convertible into coupon bonds; "cearre" means registerable in either formprinand
cipal; "r" means fully registered (no coupons); "re" means
registered to coupon or the reverse; and "ce&r" means that registered certificates without coupons as well as coupon bonds are
convertible from
the issue of bonds is restricted to $15,000 for each mile
outstanding. The letters "p. m. mean per mile, so $15,000 p. m. means that and interest, the guaranty being endorsed on each of track. "Guar."
bond.
means guaranteed. and "guar. p. & I. (end.)" means guaranteed as to principal
-Where there is a provision in bond or mortgage which would seem to make the interest free from the Federal income tax,
TAX-EXEMPTION.
insert
-U. meaning apparently tax-free; where there is no
we indicate the fact in black-faced letters knowledge other than that the company has assumedsuch covenant wetax, wethe letters ntf, meaning apor is paying the
insert the letters cot, which
parently not tax-free Where we have no
means that company pays taz, at least for the present. Until the courts have passed both upon the various features of the tax and the effect of the several tax clauses in the bonds and mortgages, it is impossible to give more definite information.
-The date of issue on the face of the bonds is indicated under the word "date."
"DATE."
-Under this heading is given the rate per cent yearly of the interest payable on the bonds or (if guaranteed) of the dividend pay"INTEREST."
January
able on the stock; also the months when the interest or dividend is payable; thus "6 J-J" means 6% per annum payablequarterly and July; correspondbeginning in January
used to mean February and August:"M-S" means March and September, and so on; while "(4-J' means
ingly "F-A" is
is clue can generally
day
4
"
and 'Q-1 . quarterly beginning in February. (The most when the interest paymentof the interest dates). be determined by noticing when the loans
cases the same as for one
mature, the day of the month there given being in
-lb.
-The word "track" means in street railway parlance all track, whether main line, siding, switch or second track. "Rails are 80
ROAD."
"
girder" means that each rail weighs 80 pounds to the yard.
where each railway will be found is given in the closing pages of the book. •
A full Index showing

AKRON, OHIO.
-Trolley.
NORTHERN OHIO TRAC. & LIGHT CO.
ORGANIZATION.-Incorp. in Ohio as successor in Nov. 1902 to the
Ohio Traction Co., having exchanged its securities for the comNorthern
mon and pref. stock of the latter per terms in V. 75, p. 733. Shortest of
company's franchises (that in Akron) expires in 1924; of total franchises
Consol.
control of
40% are perpetual. In 1906 acquired$2,500,000the Canton-Akronand int.
consol. 5s, imin.
Ry., and guarantees that company's capital stock
of Akron Wadsworth &
849. Also owns entire
V. 83, p. 435.
Western Trac. Co. and guarantees its bonds prin. and int. Common stock
listed on N. Y. Stock Exchange in March 1909.
In May 1912 pref. and common stockholders were allowed to subscribe
at par for $1.640.000 new pref. stock. V. 91, p. 1384, 1186, 417. Shareholders on Jan. 24 1914 sanctioned an increase in auth. amount of pref.
stock to $5.000,000 for financing further additions, extensions. &c. V. 98.
p. 74. Stockholders approved action of directors in providing for the payment of Federal Income tax upon the various issues of the co.'s bonds.
-year contract for the lighting of the city of Akron.
In Oct. 1912 made a 5
Date. Interest. Outstanding. Maturity.
STOCK AND BONDS$9.000,000 Sept '14,1
Q-M 15
$10.000.000(3100)
Stock.corn,
Q-J
3,000,000 Oct '14, 1
Pref,$5,000.000($100)6%cum ____
300,000 Sept 1 191
Ak Bed&Cley 1st M.S300.000 1895 5 g M-S
($1.000):M covers 27.4m _tf Interest at Central Tr. CO.. N. Y. Trustee.
2.700,000 July 1 1919
Northern Ohio Tree, mort 1899 5 g J-J
g,$3,000,000 ($1,000)c*_tf Interest at Central Trust Co.,N.Y..Trustee.
or Citizens' Say. & Trust Co., Cleveland.
3.400.000 Jan 1 1933
Northern Ohio Traction & 1903 4&5 g J-J
Int. at Cit. Say. & Tr. Co., Cleve.. Trustee.
Light 1st consol ($1,000).
gold. 37,500,000._ __c*_tf I or at First Nat. Bank, New York.
See text July 1 1933
5g
Ak Wads & West mortgage. 1906
3500,000 guar ($1,000) ...tf
See text
1.500,000
Northern Ohio l'ree & Lt colt 1913 6 Q-F
trust mortgage, $1.500.000 Int. at Cit. Say. & Trust Co., Cleveland.
c tf I trustee, or First Nat. Bank, New York.
$1.000)
tock.-Pref. Is red., all or part, at 110 and dlr., on any div. date after
April 1 1919. Is pref. as to div. and assets and has full voting Dower.
V. 92. p. 956: V. 95,31. 48; v.97, p.1116.
-Of the $3,000.000 Northern Ohio Traction bonds, $300,000 are
Bonds.
reserved to retire the Ak. Bed. & Clev. gen. mtge. of 1895. Bonds listed
on Philadelphia Stock Exchange in Oct. 1901. Of the $7,500.000 Northern
Ohio Traction & Light consols.,$3,000,000 are reserved to retire the North
Ohio Traction bonds and $1,100,000 are deposited under coll. tr. 6s.;
$1.000.000 are 5s, all outstanding; the rest 4s. The col. trust mortgage
of 1913 is secured by deposit of $1,100,000 Nor. Ohio Trac. & Lt.4s of 1933,
$1,000.000 Canton-Akron consol. 5s of 1933 and $200010 Akron Wads. &
West. 5s. These bonds mature in annual installments, $100,000 yearly. on
Nov. 1 1914 to 1916 and $100,000 semi-annually Nov. 1 1916 to Nov.1 1922.
Subject to call at 101 and int. In inverse order of numbers. V. 97, p. 803.
CANTON-AKRON CONSOLIDATED RAILWAY.
STOCK AND BONDSDate, Interest. Outstanding.
Maturity.
5 g J-J
Consol M 32.500.000, gold
1906
31.110.000 Jan 1 1933
guar p & 1 by North Ohio Int. at Citizens Say.& Trust Co..Cleveland,
Trac & Light($1.000)c*-tf
Trustee, or First Nat. Bank, New York.
Canton-Akron let mortgage, 1902
5g M-S
1.150,000 Mar 1 1922
$2,000.000 g ($1.000)c*-tf Int. at Knickerbocker Tr.Co.. N.Y.,Trustee
Canton-Massillon let molt 1900 5 g M-N
850,000 May 1 1920
$1,000.000, it ($1.000) __tf Interest at Cleveland Trust Co., Trustee, or
at Standard Trust Co.. New York.
ta
lst M Can & N P,$1,000,000 1503
565.000 Feb 1 1923
5g F-A
ce_ tt Int. at Am. Ln.& Tr. Co., Boston, Trustee.
gold (31.000)
100,000 June 1 1916
Tus RR let M. $100,000 1896 6 g J-D
($500), gold
tf Int. at Cleve. Tr. Co.. Cleve, 0., Trustee.
5 J-J
49.00e
See teat
Lake V L & I mortgage _ tf___
-Of the $2,500.000 consolidated bonds, $1,000.000 are pledged
Bonds.
under N. O. T. & L. coll, trust mtge.. $100,000 are reserved to retire
the TUSCaraWaS R it. 65 and $290.000 are reserved for ext. and 'mina. at
85% of cost. S. Reed Anthony. Boston, is also trustee. V. 91, p. 1628,
1765. Of the $2,000.000 Canton-Akron 1st mtgs., $850,000 are reserved
to retire the Canton-Massillon bonds. Neither issue is subject to call.
The Canton-New Philadelphia bends may be called as a whole at 105 and
Int. on 3 months' notice. The Lake View L. & 1. bonds mature $2.000
annually to 1916, when whole issue falls due.
Dividends.-Pref. stock was issued in 1911 and dividends of 1 4% quar.
are regularly paid. Dividends on corn, were begun In 1906 by the declaration of 2%. payable In quar. installments of 34% from June 15 1906.
V. 82. p. 1213. In 1907 2% was again declared, payable in quer. Installments from June 15 1907. In 1908 June, 34%. Rate then reduced
and declared Sept. l4( %: Dec.. 4%. In 1909. Mar., 4%. Rate then
4%. In 1910.
again in*rea.ed,and declared June. 4%;Sept.. 34%;Dec.. 1
syi%. In 1911.334%. In 1912,44%.In 1913, 5%. In 1914, Mar.,14%;
June. 13.4%; Sept.. 134%.
PLANT -Line extends from Cleveland through Akron. Canton, Massillon and New Philadelphia to Uhrichsville in Tuscarawas County, with
branches to Ravenna (via Kent), to Wadsworth (via Barberton) and to
East Greenville from Massillon. On Sept. I 1914, operated 233.22 miles
of track. Owns Lakeside Park in Akron and Meyers Lake Park In Canton.
Also owns 1,011 acres of coal land in Noble County. Ralts, 50, 56. 70
-lb. girder; standard-gauge; operates 340 cars and
and 73
-lb.
and 80
7 snow-plows and sweepers. Embraces electric-light systems of Akron
and Barberton.
-For calenear Years.
REPORT.
Bal.,
Common
Preferred
Net (after Band
Gross
Calendar
Burp.
Divid'ds.
Dividends.
Int.
Taxes),
Barns.
Year1913_ _ _ _$3,284,532$1,264,878$56l ,815(6)5152,738 (5)$450,0003100,325
1912___- 2.996.036 1.293,271 523.067 (3)49,930 (44)382,500 337,774




-Ps., 13, W.
OFFICERS.-Pres., H. A. Everett, Willoughby, O.; V.
-P. & Gen. Mgr.. Chars.
Moore, Cleveland, and Will Christy, Akron; V.
Currie. Akron; Treas., I. It. Nutt. Cleveland. Sec.. 0. F. Moore, Akron;
-V. 95. p. 58. 481
Aud., C. II. Lahr, Akron. General offices, Akron.
1473.1542; V.96. p. 355. 1365: V.97.P. 176.803,1025, 1116: V.98. p.74.
388, 449.

ALBANY, N. Y.
-A trolley road.
UNITED TRACTION.
Entire stock is owned by The Delaware & Hudson Co. V. 81, p. 1552;
V. 82, p. 160. The D. & H. also owns the Troy & New England and the
Plattsburgh Traction, and a half interest in the Schenectady Ry.. the
New York State Railways owning the other half.
-Chartered Dec. 30 1899 as a consolidation of the
ORGANIZATION.
Albany By. (chartered in 1363), the Watervliet Turnpike & RR. (chartered In 1828) and the Troy City Ry.(chartered Jan. 31 1866). See V.69.
p. 1147. 1300; V.70.p. 77. Has contract with Adirondack Elec. Pow.Corp.
of Glens Falls for supply of power. V. 69, P. 541, 909. Franchises in Troy
and Albany, except that of the Capitol By. on Delaware Ave.(a short line
on the outskirts of Albany), which expires Aug. 8 1951. are perpetual.
V. 79, p. 2698. Has traffic agreements with Albany Southern Mt.,Schenectady By. and Hudson Valley Ry., by which cars of the first two roads
are run into Albany and cars of the Schenectady By. and Hudson Valley
By. are run into Troy.
The Cohoes City Ry. was sold at foreclosure in 1904 and reorganized as
Cohoes Ry. Co.. with $120.000 stock and $84,000 bonds; all of the stock
and bonds of the new company are deposited with the Central Trust Co. of
New York as security for bonds of the Albany By.
-In Dec. 1906 acquired a majority of the
Acquisition of Hudson Valley.
stock and bonds of the Hudson Valley Ely. Co. and increased its own stock
V. 84. p. 52.
from $5,000,000 to $12.500,000 to finance the purchase
Interest. Outstanding. Last div.,,te.
STOCK AND BONDS- Date,
$12,500,000 Jan '14. 2%
4 J-J
Stock (par $100).$12.500.000- ---456,000 May 1 1919
44 g M-N
Debentures, $456,000. goldl 1901
r-ntf lInt, at National Commercial Bank, Albany.
(31.000)
434 it J-D 2,588.000 June 1 2004
Cons mtge, $6,500,000. goidi 1904
Ott Int. at Central Trust Co., N. Y., Trustee.
($1,000)_
-Of the consol. mtge. of 1904,33,912,000 is reserved to retire prior
Bonds.
liens. No sk.fd.and bonds are not subj. to call. Directors may fix rate of
int., but not exceeding 6%; present issue is at 434%. The debs. may be
called on any int. date on 3 mes. notice at "a 5% int. rate for the unexpired term as calculated in standard int. tables." V. 73. P. 1113.
SECURITIES OF ALBANY RAILWAY.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
332,000 Sept 1 1913
5 M-S
1888
Fifth mortgage
428,000 Jan 1 1930
Consol M (3500.000). goldi 1890 5 g J-J
ce-ntf Interest at Central Trust Co.. New York.
($1,000)
496,000 June 1 1947
5 it J-13
General mortgage, 3750,000,1 1897
gold
tf Central Trust Co., New York. Thistee.
Leased Line Securities350.000 May 1 1919
Wat T &
1 1889 6 M-N
1st M lot guar
n tf Boston Safe Dep.& Tr. Co., Boston. Trustee
150,000 May 1 1919
2d M.p & Int guar_
ntf f 1890 6 M-N
'Metropolitan Trust Co.. N. Y., Trustee.
The Albany By. general mortgage of 1897 was for $750.000, of which
$254.000 was reserved, but consolidation made reservation inoperative.
SECURITIES OF TROY CITY RAILWAY.
Interest. Outstanding. Maturity.
Date.
Troy City let con M, gold,1 1892
32,000.000 Oct 1 1942
5 g A-0
.N.Y.
$2.000,000
ce&r1Int. paid by Trustee,Central Trust Co.
The Troy City leased roads Include Troy & Cohoes, stock $50.000. diva.
under lease, 7%; Lansingburg & Cohoes, stock. $15.000: divs, under lease.
7%. The Watford & Cohoes RR. $25,000 stock receives 7% yearly
er
under lease.
DIVIDENDS.
-First guar. div.,
%,was paid May 1 1900: same rate
continued up to and incl. July 1905. For year 1906 334% was paid. On
Dec. 31 1906 stock was increased from $5.000,000 to $12.500.000 and dive
made semi-annual (J-J) and 234% paid July 1 1907, 234% Jun. 1 1808
and 2% each six months since to and incl. Jan. 1914.
ROAD.
-Operates 106.76 miles of track, of which 88.31 miles owned.
connecting Albany, Troy, Cohoes, Rensselaer, Watervliet, LansIngburg.
Green Island, Waterford, &c. Has 450 cars, including 15 snow-plows, 9
sweepers and 13 service cars. Standard gauge.
ANNUAL REPORT.
-years ending Dec. 31:
1912.
1913.
1913.
1912.
Gross earns__32,546,623 $2,389 7511Total net---$1,182.982 $1,109.341
608.026
Oper. exp....1,604,061 1,524.488 Chgs. & taxes 680,048
501,315
Net
502.934
942.562
865,263 Slurp.for year_
500.000
Other income- 240.420
500.000
244.078 Div. (4%)_
-P.,
-P..0. S. Sims,Albany; V.
OFFICERS.-Pres., L.F.Loree, N.Y .; V.
W.H. Williams; Asst. to Pres., W.B. Schofield; Asst. to V.-Pres.. G. H.
Parker, N.Y.; Sec.& Aud.,W.H.Elder; Treas., H.F.Atherton, Albany:
Comp..W.H. Davies, N.Y Gen. Aud., Allen McCarty; Acting Gen. Mgr.,
James F. Hamilton, Albany. Principal office, Albany.
-V.83, P. 1381;
V. 84, p. 932, 1368, 1429; V. 92. p. 1312.
(1) Hudson Valley Railway.
-A trolley road.
ORGANIZATION.-Incorp.Aug. 14 1901 as a consolidation of the Glens
Falls Sandy Hill & Fort Edward Street Ry., Warren County Electric By.
Stillwater & Mechanicville Street By.. Greenwich & Schuylervilie Street
By. Saratoga Traction Co. and Saratoga Northern By., the cap.tal stock
of these Iva& being exchanged for stock in the new company. V.13.P.391.

6

ELECTRIC RAILWAYS

Carries freight and express as well as ioassengers. 80% private right of way.
Franchises are all perpetual. Owns all the stock(S200,000) and all the bonds
($200.000) of the North River By., a road operated in Saratoga by this co.
In 1906 part of the consol. 55 were converted Into debentures in accordance with a plan for the re-adjustment of the company's finances. V.82.
p. 1040. In March 1906 authorized $2,500,000 preferred stock to provide
for the convertible feature of the debenture "Bs." V. 82. D. 751.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common.$3,000,000, par $100
$3.000.000
Preferred ($2.500.000 (see
See text
text). 5% non-cumulative_
First consolidated mortgage( 1901
5g .1-3
2,222,000 July 1 1951
84,000,000 (denomination(Interest at Manufacturers' Nat. Bk., Troy.
51.000 gold)
c*tf(May be called at 110 & int, on any int. date.
Deb "A" Income. $700,000- 1906
5g
474,000 Jan 1 1951
Deb "B"Income. $2,500.000- 1906
2g
2.500,000 Jan 1 1951
Underlying LiensFsD &FE 1st M (no opt) 1891
6 J-J
100,000 See text
($500 and $1,000) gold___cfCentral Trust Co., New York, Trustee.
6 J-J
2(1 M ($500) gold-c 1893
do
past due.
50,000
Int. at Merchants' Nat. Bank, Glens Falls.
do
3d M ($150.000)ntf 1901
6 A-0
82,000 Aprll 1 1921
May be called at 100.
Still & Mech first mortgage-- 1893
6 A-0
47,500
past due.
Bankers Trust Co., New York, Trustee.
do
consol mtge_ _1
do
11898
6 A-0
202,500
past due.
Glens Falls Trust Co., Glens Falls, Trustee.
$250,000
Bonds.
-Of the $4.000,000 M.of 1901, $482,000 is set aside for prior liens
and $1,290.000 have been deposited as coll, for temporary loans. The deb.
"B" bonds are cony,into pref.stock to Mar. 11917, incl. Int. on the deb.
"A" and "B" bonds is neither cum. nor obligatory. No int. has been paid
on either class. The G. F. S. H.& F. E. 1st M.fell due July 1 1911, but
was extended and is now past due. Both Issues of Stlllwater & Mechanic
vine bonds fell due April 1 1913.
REPORT.
-For fiscal year ending Dec. 311913, gross, 8706,873: net.
$248,508
ROAD.
-Main line extends from Troy northward along the Hudson
through the villages and towns of Waterford, Mechanicville, Stillwater,
Schuylerville, Thomson, Fort Edward, Sandy Hill, Glens Falls and Caldwell to Warrensburg. The Saratoga Division, which branches off
the
main line at Mechanicville, provides a line from Troy to Round
Ballston Spa and Saratoga. with a branch from Saratoga Springs to Lake.
Glens
Falls, via South Glens ails, which branch was completed in June 1903.
There is also a branch line from Saratoga Springs to Kaydeross Park on
Saratoga Lake and another from Thomson to Greenwich. Total first track,
110.33 miles; second track, 11.34 m.; sidings, 8.61 m.; making a
139.28 mes of track. 'Rails, T.girder and grooved.48 to 141 lbs. total of
ll
Standard gauge. Operates 74 passenger cars, 8 freight cars, 9 service cars, 7
snow plows, 2 electric locomotives and 7 express cars. Company owns
Kaydeross Park, at Saratoga Lake; Ondawa Park, between Greenwich
and Thomson.
-V.89, p. 286.

I

ALBIA, IOWA.
SOUTHERN IOWA RAILWAY Sc LIGHT CO.
ORGANIZATION.-Incorp. in Delaware in March 1914 as a consolidation of the Albia Interurban By. and the Albia Gas Co. Does the light
heat, power. railway, gas and ice business of Albia and community.
Franchises expire: Electric, 1931; railway, 1932: gas, 1939.
STOCK AND BONDS- Date,
Interest. Outstanding, Maturity.
Corn stock. $400,000 ($100)-$0 0 00
120 00
,.0 0
Prof.$100,000 ($100) 7% cum ____
1st & ref M,$750,000,g ($1,-1 1914 6 g M-N
See text
1929
000&$500) red aft'19at 101Int. at Iowa Trust Co., Albia, Trustee.
Albia Int Ry 1st M.$300,000 1910 6 g J-D
282,000 See text
g MOO.$500 & $1,000)___ Interest in New York or Albia.
STOCK.
-Preferred stock Is subject to redemption at any time.
Bonds.
-Of the 1st & ref. bonds. $312,000 placed with
retirement of Albia Interurban By.($282,000.000 as above) andtrustee for
Co. ($30,000) as they become due. Albia Int. Ry. bonds are Albia Gas
June 1 1913 at 101 and int. They mature serially from June red. after
1 1913 to
1930, inclusive.
EARNINGS.
-Of combined properties (except gas) for cal. year 1913,
gross, $72,776; net. $30,005; bond interest, $15,200; surplus, $14,805.
OFFICERS.-Pres.,C. B. Judd; Sec. & Gen. Mgr.,E. C. Manning.

ALLENTOWN, PA,
LEHIGH VALLEY TRANSIT CO.
-A trolley road. (See map on p. 7.)
ORGANIZATION.-Incorp. In Pa. on Nov. 3 1905 and is a reorganization under foreclosure of the Lehigh Valley Traction Co., the Philadelphia & Lehigh Valley Traction Co., the Allentown & Slatington and the
Coplay Egypt & Ironton Street By.. as per plan in V. 79. p. 733. 1462.
In Oct. 1911 purchased the Montgomery Trac. Co. (V. 93, p. 940). all of
whose.bonds and stock are deposited under the Lehigh Valley Transit ref. &
Imp. mtge. of 1910; reconstruction of Mont. Trac. completed Dec. 12 1912.
from 43i to 23 hours. A 14-mile cut-off on this division was completed in
1914.further cutting down the running time between these points to 2hours.
In April 1913 purchased controlling interest in stock of Easton Consolidated Electric Co.(V.96, p. 1022). On June 20 1913 shareholders authorized an issue of collateral notes to pay for the purchase. V. 96. p. 1489,
1772. Also has half interest in Norristown Transit Co. Franchises perpet.
Under agreement made in July 1907 the Lehigh Valley Transit has its
Philadelphia terminal in the Philadelphia Rapid Transit station at Chestnut
Hill. V.85, p. 99. Late in 1912 made a contract for express service with
Adams Express Co.
In Mar. 1913 the Allentown Elec. Lt.& P.Co.and the Whitehall Emaus,
Slatington, Ilanover, Washington, Slatedale, No. Whitehall, So. Whitehall, Salisbury, Northampton Heights and Saucon companies,all previously
owned by Transit Co., were merged into a new company, the Lehigh Valley
Lt. & P. Co., with an auth. capital of $850.000, of which 3491,100 outstanding; par of shares.$100.
On Dec.22 1913 the Lehigh Valley Lt.& Power Co. purchased all the outstanding stock and bonds of the Lehigh County Elec. Co., Northampton
County Elec. Co.and the Cementon Elec. Lt.& Power Co., which companies operate in the boroughs of Catitsauqua and North Catasauqua. Copley,
Northampton and the village of Cementon. The Lehigh Valley Lt. &
Power Co. Issued $217,000 of its bonds for this purpose.
In Aug. 1913 the company closed a contract to supply electricity to the
Philadelphia Suburban Gas & Elec. Co.. a subsidiary of the Amer. Gas Co.
V. 97, p. 521.
Owns the following stocks:
Cap. Stock.
Name of CompanyOwned. Tot.issue.
Lehigh Valley Light & Power Co.(common)
$491,100 $491,100
Allentown Bridge Co
292.000 292,000
Quakertown Traction Co
275.000 300,000
Rittersville Hotel Co
100.000 100.000
Easton Consolidated Electric Co
1,380,000 1,500.000
Norristown Transit Co
Leases Bethlehem & Nazareth Passenger By.for 999 years zit 5% on stock
and bonds.
Leases Quakertown Trac. for $15,000 per annum. In 1911 offer of
Lehigh Valley Trans. Co. to acquire Quakertown Trac. bonds was accepted
by an but $40,300 of the bonds. V. 91, p. 716. 1096; V. 92, p. 323, 528.
660, 882.
Proposed Purchase of Power Co.
-For joint offer of the Lehigh Valley
Trandt Co. and the United Gas Improvement Co. to purchase control of
,
the Lehigh & Northampton Lt., Ht.& Power Co..see v. 97. p. 1426, 1429.
STOCK AND BONDS- Date. Interest.
Outstanding. Maturity.
Common,$3,000.000,Par $5082.997,350
Prof. $5.000.000, oar $50--- -_-M-N
4.979.687 May'14.1%
5%,cum a ter ov 3 1910..
First mortgage. 55,000.000 1905
4-5 g M-S 4,957,000 Dec 1 1935
gold ($1.000)
ctf Guaranty Trust Co., New York, Trustee.
Consol. mtge. $7,500.000. 1905
5354.000 Dec 1 1935
4-5 g J-D
gold ($1 000)
tf Lehigh Valley Tr.& S. D. Co. Allentown,Tr.
5,115,000 June 1 1960
Ref & imp mtge 815,000,0001 1910 5g J
-D
geld ($500 and $1.000)c*tf ehih Valley Trust Co., Allentown, Trustee
150.000 5% guar
Beth. & Nazar St By Stock--- ---150.000 May 1 1929
Bonds
tf
5 M-N
Allentown Bridge 1st M.) 1912 5 J-J
218,000 July 1 1942
($500 and 31.000) _ ___c*tf
(Guar. p. & I. by Lehigh Valley Transit Co.
504,300 April 1 1943
5 g A-0
enlgn Val L & P mortgage{ 1913
$2,000,000 (51.000,$5 & Lehigh Valley Trust Co., Allmtown, 'Isrus.
ii100). gold.
*tf Int. at co.'s office or BrownB..os.&Co..Phila.




[VOL. 'Dux.

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Coll trust bonds, 8925,0001 1913 6 g J-J
$851,000 July 1 1923
($1,000,$500,slow g etf!Int. at Girard Trust Co., Phila., Trustee.
Equip trusts "Ser A"
tf
5%
Bonds.
-Of the $5.000.000 first mtge.. $2.770.000 bear
interest and
are all out and $2.230,000 are 5s. 843,000 of these bonds are reserved to
take up the $40,300 Quakertown Trac. bonds still out. See V. 82, p. 628.
Interest at Brown Bros. & Co.. Philadelphia. The first mtge. bonds are
redeemable on any interest date, the 4s at 105 and the 5s at 110. Of the
consols. 82.500.00043 were outstanding but $2.146.000 have been exchanged
for ref. & improv. bonds. Int. on the consol. bonds is payable at the company's office or at office of Brown Bros. & Co., Philadelphia. These bonds
are not subject to call. Of the $15,000,000 ref. & improv. bonds 85,000,000
are reserved to retire 1st M. bonds; 5569,000 for consol. mtge. bonds
($354.000 to take up bonds shown in table and rest for bonds eviously
taken up); $44.316,000 for improvements. Bonds are red. at 105 and int.
pr
on or before June 1 1920,and 110 and int. thereafter. V.92,p. 187: V.94,
D. 698, 982: V. 95, p 750. Int. is payable in Allentown or at office of
Brown Bros. & Co., Phila. The collateral trust notes of 1923 are red, at
par and interest on any interest day.
Lehigh Valley Lt. & P. bonds are subject to call on any hit, date at 105
and Interest. V. 97. p. 365.
Dieidends.-Initial div, on pref.. 1%. paid Nov. 10 1911. In 1912.
and 1913, 2%; in 1914. May, 1%.
-For fiscal year ending Nov. 30 1913.
REPORT.
Operating
Net
Int. Chgs., Balance,
Gross
Fiscal Year- Earnings. Expenses. Earnings. Taxes, &c. Surplus.
51,764.997 3740,280 $1,024.717 $578,144 8446,573
1912-13
876.698
650,079
502,255 374,442
1,526,777
1911-12
* From the 8374.442 surplus in 1911-12 there should be deducted dividends of' 899,566 (2%) on the preferred stock. leaving $274.876.
ROA 1.). Owns or controls 155 miles of track, connecting Allentown.
Bethlehem, South Bethlehem, Hellertown, Nazareth. Siegfried, Coplay,
Catasauqua, Egypt, Emaus, Macungie, Slatington. Quakertown,Perkasie.
-lb. rails. Owns a
Lansdale, Norristown Ambler, and Philadelphia. 80
large amusement park about midway between Allentown and Bethlehem.
-foot bridge
Has 41 open, 108 closed and 43 miscellaneous cars. A 2,650
between Allentown and South Allentown was built by the controlled Allentown Bridge Co.(auth. stock $300,000) and was formally opened Nov. 14
1913. See V. 97. p. 1426, 1428; V. 98. p. 154.
OFFICERS.-Chmn. of Bd.. Col. H. C. Trexler; Pros.. Harrison R.
Fehr; .-P., E. M.Young;Sec. and Treas.,Chas. N. Wagner: Aud.,C. M.
Walter.
-V.92, p. 187, 523, 725,882; V. 93, p. 871,940, 1022, 1725, 1786:
V.94. p.698. 982. 1186. 1383: V. 95. n.47. 750, 1684. 1746: V. 96. p. 355,
360,947, 1022, 1297. 1489. 1772; V.97, p.365. 443, 521, 951. 1426; V.98.
p. 523.
(1) Easton Consolidated Electric.
in April 1913 the Lehigh Valley Transit (lo. acquired a controlling Interest in the stock and has since acquired all stock except directors' shares.
V. 96. p. 1021.
On May 1 1904 lease to Lehigh Valley Traction was canceled by rentals
being in default. See V.78, p. 1446. 1781. In June 1904 a further installment of $.5 per share was called on stuck. V.78, p. 2011, 2442. Dividend
in; Sept. 1901 and
piVments have been made: July 1900.3)S c7a on 410 paid(paid
in July) and
March and Sept. 1902. 3% on $15 paid In; March 1903
Sept. 1903, 4% on $15 paid.in.
In Dec. 1905 declared a dividend of $2 50 and at same time called an
assessment of $5 per share on the stock' the dividend was credited on the
assessment, making the stock 50% paid in. V. 81, p. 1791. Cash dividends resumed in Oct. 1906 by the payment of 2%. V. 83. p. 687;
2Si% again paid April 1 1907 and 2% Oct. 1 1907; then dividends were
passed until Nov. 1911. when 2% was paid.
In 1912 and 1913 4%
.
In 1914, May, 2%•
ORGANIZATION.-Consolldation by stock ownership of the Easton
Transit Co., the Edison Illuminating Co. of Easton, the Easton Palmer &
Bethlehem Street Ry.Co.,the Easton St Bethlehem Transit Co.. Northampton Central Street Ry. Co. and the Easton & South Bethlehem Transit Co.
Incorporated in New Jersey March 11 1899. Owns all toe stock of the
Penn. Motor Co.
Consolidation of Subsidiaries.
-On Jan. 3 1908 the (old) Easton Transit
Co.. the Easton & Bethlehem Transit Co., the Easton Palmer St Bethlehem
Street Ry. and the Northampton Central Street By. were merged into the
(new) Easton Transit Co.(V. 45. p. 1461) and in 1909 the Easton St South
Bethlehem Trans. Co. was also merged into the (new) Easton Transit Co.
Stock, 52.150.000: all owned by Easton Consolidated Klee
-The collateral trust 5s were in Jan. 1900 listed
STOCK AND BONDS.
on the Philadelphia Stock Exchange.
Date.
Interest. Outstanding. Maturity.
Stock.51.500,000(par $50)___
M-N
50% pd M. May'14,2%
Collateral trust $1,300,000 gJ 1899 5 g M-N g1,237.000 May 1 1949
fllnterest at Glrard Trust Co.. Phila., trustee.
($1,000 an
Pennsylvania Motor Co istI 1891 6 A-0
60,000 Apr 1 1941
mort.(cannot be called) tt Lack.Tr.& Safe Dep. Co.,Scranton, trustee
51-3
200,000 Jan 1 1919
Ras Pal & Beth Elec 1st old 1498
$200.000,cannotbecall ntf Ira. at U. S. Mtg.& Tr.Co.. N. Y trustee.
Eas&So Beth Tr 1st M $500.- 1908 5 it 34
442.000 July 1 1936
000 guar gold (81.000)c*tfiGirard Trust Co., Philadelphia. trustee.
Bonds.
-The con, bonds have no s. f. and are not subject to call. Of the
total of 41,300.000. 360.000 is reserved to retire the Penn. Motor bonds,
$2.000 in treas. and 51.000 reserved for small amt. of outstanding scrip a
Ed. III. Co. Issue is secured by pledge of $2,150.000 stock (entire issue) of
(new) Easton Transit Co.. 12.317 shares (entire issue) of Edison ilium,
stock and 2.400 shares (the entire issue) of Penn Motor stock. Int. on
Easton & So. Beth. Transit bonds is payable at office of Edw. It. Smith &
Co., Phila., or at company's office. They are guar. p. & I. by endorsement
by the Easten Consul. Elec. A sinking fund of 55.000 co. a. commenced
June 1 1908:334,000have been retired. Bonds are subject to call at 105 and
Int.
. 93. p. 323.
REPORT.
-For calendar years:
Calendar GrossEarn. Net Inc. Net Inc. Total E. Bond Int. Divs. Balance.
E. Tran. E.Tr.Co. Ed.Ill.Co. Con.El. Tax.Ac. (4%). Surplus
Year$468.508 $126.437 $23,012 $149,450 $71,076 $30,000 848,373
94.336 24.783 119,119 75.739 30.000 13,380
427.536
1199R0AD.-Embraces practically the entire street railway system of Easton
1123
and West Easton, Pa., and Philipsburg. N. J., with lines from Ramis to
Bethlehem. South Bethlehem and Nazareth; total track. 53.707 mile'
operates through cars from Easton to Bethlehem, South Bethlehem and
Allentown. The gauge of the Phillipsburg division, formerly different
from the rest of the system,is now being changed to standard gauge, making
possible considerable operating economies. 104 cars.
OFFICE Rs.-Pres.. II. R. Fehr, Allentown, Pa.; Vice.
-P., S. H.
Hackett; Sec. & Treas., F. A. Hazzard; Asst. Sec. & Asst. Treas., S. H.
-V.90. p. 697; V. 92, p. 794; V. 93, p. 940. 1024; V. 94, p. 830
Sargent.
V.96, p. 789, 1021; V.97, p. 53. 301, 311: V. 98,P. 838.

ALLENTOWN & READING TRACTION CO.
-A trolley road.
ORGANIZATION.-lncorporated April 25 1898 and leased the Allentown & Reading Electric Street By. for 290 years from June 4 1898. On
Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street By.
Controls the Kutztown Light. Heat & Power Co. Connects with United
Traction Co. tracks from Reading, thus forming a through line from Allentown to Reading.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
stock, 5750.000 (par $50)$250,000
First mortgage, 5250,000. 1900 5 g J4
250,000 July 1 1930
g. $100.$500& $1 000-cot Interest at Fidelity Trust Co.,Phila.. trustee
First M Kutztown & Fleetw'd 1902 5 g .14
200.000 Jan 1 1932
8200.000,guar p & L -_cpt
First consol mtge, $750,000 1902 5 g J-J
300,000 July 1 1932
g ($500& 81,0001 c & rcpt Int. at Integ.Tit. Ins.& Ti'. Co..Phila..trus.
-Of the $750.000 o new consols, $450.000 are reserved to retire
Bonds.
prior liens. They are subject to call at par after July 1 1917; no sinking
fund. The first mortgage bonds are redeemable at par.
EARNINGS.
-For year ending Dec. 31 1913, gross. $189,732: net,
$74,627; int., disc., &c., (including $12,419 for paving in Walnut fit..
Allentown). $66.475; surplus. $3.152.
ROAD.
-Operates 39.60 miles main line. 7.50 miles sidings
-total.
47.10 miles: 43 cars.
OFFICERS.-Pres., H. E. Ahrens, Reading; V.
-P., W. D. Mohn: Sec..
a. K. Hoffman, Hamburg; Treas., Geo. B. Shaffer, Reading: Supt., W.J.
Bear, Kutztown.
-V.81. p. 1492; V.82. p.216

,
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LEHIGH VALLEY TRANSIT
COMPANY
LEHIGH VALLEY TRANSIT CO.
CONNECTING Lk

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NimmEnior

ELECTRIC RAILWAYS

8
ALLIANCE, OHIO.

-An electric railroad.
STARK ELECTRIC RR.
OROANIZATION.-Incorporated in Ohio and is a consolidation in Dec.
1902 of tile Alliance Electric Ry,and the Stark Electric By.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Q-J
Stock.$1,500,000 ($100)
$1.250.000 Oct'14.% 0
7,
First mtge. 81.000.000. (fold{ 1903 5 g J-J
948.000 Jan 1 1928
($i.0N)sinking fund. call- Citizens' Say. & Tr. Co., Cleveland, trustee.
able at 105
c tf Int. at United Bank & Say. Co., leveland.
-1% will be retired annually from Jan. 1 1911 to ian. 1 1915;
Bonds.
from Jan. 1 1915 2% each year to 1928. $52,000 have been retired.
Disidends.-First div.. j
%. paid July 1908:5.4% has been toaid quer.
since to and Including Oct. 1914. In April 1910 also a stock dividend of
25%. V. 90. p. 448. 700.
EARNINGS.
-For calendar year, 1913, gross. $303,472; net, $129,804.
In 1912, gross, $272,491: net. $121.299.
ROAD.
-Operates 34 miles of track from Canton to Salem. including
Alliance City lines, Standard gauge. 67 and 70-1b. T rails and 70 and
-lb. girder rails. Total mileage. Including double track, 36
90
extension from Alliance to Marlborough and New Baltimore and miles. An
eventually
to Akron is being constructed; line partly graded.
OFFICERS.-Pres., C. R. Morley. Cleveland; V.
-P., David Morison,
Sec.. E. S. Cook; Treas., 3. M.Blatt; Aud.. A. 3. Sampson; Gen. Mgr.,
I*. I.. Mowry.
-V.76. p. 973: V.86. p. 1468; V.90. p. 448. 700. 1171.

AMSTERDAM, N. Y,
FONDA JOHNSTOWN & GLOVERSVILLE RAILROAD CO.
Steam and electric road. See statement in "Railway & Industrial Sec.'

ANDERSON, IND.

[VOL. xcix.

ORGANIZATION.-Incorp. in Indiana on June 10 1912 as successor to
the Indianapolis Newcastle & Toledo Elec. Ry., sold at foreclosure.
Has
private right-of-way minimum width 66 ft., except in corporate limits,
where shortest franchise expires Apr. 7 1933. Under favorable
contract
with Ind. Trac. & Term. Co. extending to 1933, operates through city
into
ndianapolis interurban terminal.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $500,000 ($100)$500,000 See text.
Pref $500,000 5% cum ($100)500,000 See text.
First mtge *1.500.000 gold)
6 g J-D
1.200,000 June 1 1919
51.000
c*tf Int. at Fidelity Trust Co., Phila., Trustee.
Bonds.
-Of remaining 1st M. bonds. $100,000 may be Issued upon fulfilment of certain covenants and balance for 75% of cost of extensions,
impts., betterments or acquisition of unencumbered properties. Red. as a
whole (but not less) on any int, date on 8 weeks' notice at
10134 and Int.
V. 94, p. 1695. No sinking fund.
EARNINGS.
-Now included in report of Union Traction of Indiana.
ROAD.
-Included in Union Traction Co. of Indiana.
-V. 94. p. 1565.
1626, 1695; V.96, p. 135.

ANNISTON, ALA.
ANNISTON ELECTRIC & GAS CO.
-Incorporated in New Jersey in 1899 to take over
ORGANIZATION.
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers'sale the Anniston Gas & Light Co.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $250.000 ($100)
$250,000 No diva paid
1st mtge. $300,000 ($100,1 1899 5 g J-D
300,000 Dec 1 1929
$500) gold
c*JInt. at Bat, Safe Dept. & Tr. Co., Trustee.
Bonds.
-Entire issue may be called at 105 and int. Sinking fund of 1%
of bonds out became operative on Dec. 11905. but to be available for bond
redemptions only if the money cannot be advantageously employed "for
the acquisition of permanent extensions and additions."
EARNINGS.
-For calendar year 1913. gross, $182.506: net, after taxes,
$64,479; fixed charges,$15,000; other deductions,$12,177; surplus.837.302.
In 1912, gross, $173.784; net, after taxes, 563,004; fixed charges, $15,000:
other deductions, $12,005; surplus, $35,999.
ROAD.
-Operates 10 miles of road from Anniston to Oxford Lake.
Including 5 miles of track on city streets.
OFFICERS.-Pres., J. W. Worthington, Birmingham, Ala.; V.
-Ps•,
Frank S. Washburn, Nashville, Tenn., and R. A. Mitchell, Gadsden, Ala.
Sec. & Treas. Wiley Alford, Birmingham; Manager, W. R. Hall; Asst.
Treas., L. W.Jackson.-V.68,p.928; V.69,p.283.

UNION TRACTION CO. OF INDIANA.
-A trolley road.
ORGANIZATION.-incorp. on May 13 1912 as a consolidation
of the
old Union Traction Co. of Indiana (tncorp. May 28 1903) and the Indiana
Union Trac. Co.(Incorp. June 9 1903), per plan in V.94, p.
1119.
95. p. 819; and as a result of which capital was materially reduced. 1185; 4.
The
diana Union Trac. Co. had previously acquired the Indiana Nor. Tram. InCo.
(V.81, p. 1848), Muncie & Union City Trac. Co.(V.83. p. 96) and
Muncie
Hart(. & Ft. W. By.(V. 82. p. 805, 869. 1041). The latter
company was
leased to the Indiana Union Trac. at a rental (In addition
exp.. Mt. on bonds. &c.). equivalent t05% on Mun. Hartf. &to operating
Ft.
$500,000 cum.pref. stock; V.83. p.96. The old Union Tree.Co.of W. Ry.
Indiana
was a consolidation of the Union Trac.Co.of Indiana (incorp. In
June 1899).
and the Indianapolis Northern Trac.Co.(Incorp.in April
1902)•
The Indianapolis Northern Traction assumed payment of
ASBURY PARK, N. J.
the prin. and
Int. of half (*200.000) of the bonds of the Broad Ripple Traction
Co. (see
under Indianapolis). and also half of the int, of the remaining
ATLANTIC COAST ELECTRIC RY.-Trolley.
$200,000 bds.
until May 1913.
ORGANIZATION.
-Incorporated in New Jersey on Dec. 8 1905 as
Leases Indianapolis Newcastle & Eastern Trac. Co. for
999 years from successor to the Atlantic Coast Elec. Railroad Co., sold under foreclosure of
Oct. 25 1912.
the general mortgage of the latter. Leases the Seashore Electric By. of
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity. Asbury Park until June 6 1937 at $10.000 per year and owns $150,000 of the
Common, 85.000.000
$200.000 total capital stock of latter company (making net rental $2.500.
55,000.00e1
let pref, $1.000.000, 5% cum-_ -A-0
1.000.000
See text and owns all of the stock of the West End & Long Branch Ry. and of the
2d pref. $3,000.000 (see text)_ ____
J-J 10
3,000.000
See text Asbury Park & Sea Girt RR.; the former is leased from Aug. 3 1896 until
Ind Un Traction 1st M $5,-1 1903 5 g A-0
July 17 1945 at a nominal rental, and the latter for 99 years at 6% on stock
1.620.000 July
000.000 (*1.000) gold__ tf(Interest at Girard Trust Co.. Phila.. 1 1933 from Aug. 27 1898: both stock and bonds of Asb. Park & S. G. are owned.
trustee.
Union Tr Co of Ind jet genM1 1899 5 g J-J
4.584.000 July 1 1919 Also entire stock ($100000) of the Atlantic Coast Electric Light Co., which
$5.000.0008($1.000)c&rstfjEquitable Tr. Co.. New York,
supplies the electric lights of Asbury Park, Allenhurst Belmar, Ocean
trustee.
Collateral notes
Beach, Como and Spring Lake, The Seacoast Traction Co. (capital
.
Citizens St Ry (Mun) 1st M 1897 6 g J-D
87.000 Dec 1 1927 $100.000), running from Belmar to Spring Lake, 2 miles, has been leased
$250.000s(sub to call 105_ Interest at Guar. Trust & Safe
to the Atlantic Coast Electric By. for 99 years; its stock and bonds are
Deposit Co.
($500 and 81.000)
c*
Philadelphia, trustee.
owned. Franchise in Belmar expires In 1947; in Asbury Park in 1937; in
Marion City 1st M $400.000 1895 6 g M-N
329.000 May 1 1915 Long Branch,some expire in 1945 and others are perpetual; in Ocean Towngold ($1,000)
c tf Equitable Trust Co., New York,
ship, perpetual; in Sea Girt, expire in 1915. 1926 and 1956;franchises of
trustee.
Indianapolis North Trac 1st 1902 5 g J-J
Seacoast Traction Co. are perpetual.
mtge $5,000.000 g ($1,000) Equitable Trust Co..5,000,000 July 1 1932
Div. of
New York, trustee.
guar p & 1 by Un Tracc*tf
STOCK AND BONDS.- Date, Interest.
Outstanding. Maturity.
Indiana North Trac 1st mtge 1903 5 g A-0
51.000,000 In 1913 3%
500,000 Oct 1 1933 Stock 51.000.000 ($100)
3500.000 gold ($100. $500 Interest at Trenton
800.000 May 1915
(N. J.) Trust & Safe let mortgage gold $1.000.-1 1895 5 g M-N
and $1,000) guar
c5 t1
000
ntfiInt. at Columbia Tr. Co., N. Y. Trustee.
Depotit Co. trustee
M fl & Ft W pref stock cum__ -___
1,000,000 'July 1 1945
5%
J-J
500,000
See text Gen mtge $1,000,000 gold) 1906 5 gCentral
do do
first mtge $1.-1 1905
(51.000)
Trust Co., N.Y.. Trustee.
c tflInterest at
5 g J-J
947.000 Jan 1 1935 Seashore El By stock
000,000 gold ($1,000)- Uc* I
5
200,000
at
.,
Muncie & Un C M $925,000 1906 Guard.Say.& Tr.(in, Clev., trustee. Seashore Electric Ry lstl 1892 6 g J-3
200,000
1917
5 g J-J
925n
.000 July 1 1936
guar gold (91.000)
mortgage $200,000
Mint. at Seacoast Nat. Bank, Asbury Pk..N.J.
estf Int. at Fidelity Trust Co., Phila.. trustee.
Atlantic Coast Electric Lighti
5 J-D
241.000 June 1 1945
STOCK.-Dlirs. on 2d pref, stock are cum. from 1% semi-annually in
First mortgage $500.000 Int. at Asbury Park & Ocean Grove Bk..
1913. scaling upward to 3% semi-annually in July 1918 and thereafter.
Asb. Pk. Morton Tr. Co., N. Y.,trustee.
gold
ntf
Bonds.
-Of the Ind. U. Trac, bonds of 1903. 83.380,000 were reserved
13onds.-Of the 51,000.000 1st 5s.$200,000 are reserved to retire a like
for extens. and impts.. but under terms of consolidation agreement
Seashore R
of 1912
these bonds have been canceled. $262.000 are held alive In the sinking fund. amount of stock of they. 6s. The latter are subject to call at 105. Entire
Asbury Park
bonds and
Sinking fund, 1)4% per annum of outstanding bonds, became operative coast Tree. Co.(15100,000 each) are & Sea Girt ($50,000 each) and the Seadeposited under the new general mtge.
on July 11904. Fund is to be invested in the bonds at not above 105 and
-Belt line in Asbury Park, 5.85 miles; Asbury Park to Pleasure
ROAD.
Int.,and bonds may be drawn at 105 and int. on any int• date.
Remaining Ray and North Long Branch, 14.60 miles; Asbury Park to Sea Girt. 11.86
Union Trac. Co. of Ind. gen. M. bonds are reserved for underlying bonus.
Eief1 V. 71. p. 1013. Bonds are listed on Phila. Stock Exch. The Indiana miles; total track, 32.31 miles. Connects at Pleasure Bay with the New
Northern Trac. bonds are subject to call at 105 and int. on six weeks' notice. York & Long Branch Steamboat Co.
REPO RT.-Years ending Dec. 31:
They are guar. p, I. by Ind. Un,Trac. Co. V.82, p. 805. The Muncie
&
1913.
1912.
1911.
1910.
1909.
Hartford & Ft. Wayne bonds can be called Jan. 1 1925. or after. at par. A
Gross earnings
8437,856 $427,883 8422.755 $402,495 5389.619
sinking fund on those bonds of 2)4% of gross earns, per ann. began July 1
236,783 225,683 216,014 198.547 191.791
1905. See V.80,p. 1059. 553.000 have been retired. The Mun.& Union Operating expenses
City bonds are subj. to call at 105 and guar., p. Sr I., by Ind. Un,Tree.
Net earns, from oper__ $201.073 5202,200 $206,741 $203,948 $197,828
Dividends.
-5% is being paid on first pref. stock. Dividends on second
In 1913. misc. Inc. 5980; fixed charges, $127.490; surplus, $74.563.
pref. stock have not been paid since July 1912.
OFFICERS.-Pres.. S. F. Hazelrigg, N. Y.; Treas. H. H. Rogers,
'
REPORT.
-For calendar years:
,
Calendar
Gross
Net (after
Other
Bond
Diet- Balance, Sec., G.13 Cade; Supt., C.E. Hereth.-V.81, p.974, 143'5, 1722.
YearEarnings.
Taxes). Income. Int.Ac. dends. Surplus.
1913
82.466.832 8881,754 $51,798 $858,858 $50.000 324,694
ASHTABULA, OHIO.
1912
2.308.649 884.195
765,711
8,108
37,500 89,092
Dividends.$50,000 as above in 1913.consist of 5% on the Union Traction
ASHTABULA RAPID TRANSIT CO.
Indiana (consolidated company) 1st pref. stock; in 1912($37.500);
Co. of
In Feb. 1907 control of this road was acquired by L. A. Robison. Pres,
includes the dividend on Union Traction Co. of Indiana (old co.) pref. stock of the Penn. & Ohio By., and associates.
and that paid Oct. 1 on the 1st pref. stock of the consol. company.
ORGANIZATION.
-Chartered Oct. 7 1890.
Passengers carried in 1913, 18.313,721.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity'
ROAD.-Besidee the city lines in Marion. Anderson, Muncie and Stock. $500.000 ---------$500.000
Elwood, owns an interurban road from Anderson (via Linwood, Alex- 1st mtge. $75,000. goldl 1891 6g J-J
75,000 See text.
andria, Summitville, Fairmount, Jonesboro. Gas City and Soldier's
41.000)
c*&r Int. at Central Trust Co., Trustee. N. Y. C.
Home) to Marion. and thence to Wabasb (5314 miles), with a branch from 2d mtge. $500,000
1907 5 M-S
393.500 Sept 15 1927
Alexandria (via Orestes and Dundee) to Elwood, and from Elwood to TipCitizens S. & T. Co., Cleveland, trustee.
ton (20 miles): also an interurban line from Muncie via Yorktown. Dale-175.000 2d mtge.'bonds are reserved for prior liens. 1st M.
Bonds.
ville. Chesterfield. Anderson Pendleton, Ingalls, Fortyllle, McCordsville bonds originally matured July 1 1911 but were extended
10 years to July 1
and Lawrence to Indianapolis (5634 miles); also an interurban line from 1921.
Logansport, via Kokomo, Tipton, Atlanta Arcadia, Cicero, Noblesville,
EARNINGS.
-Year ending Dec. 311913, gross, $83,176: net. $26,880:
Carmel, Broad Ripple to Indianapolis(80 miles), and from Peru to Kokomo in 1912, gross, 880.603. net, $18,689.
(1914 miles); also a line from Anderson to Middletown, 10 miles put in
-Operates Smiles of track on 534 miles of street.
ROAD.
operation Aug. 11905; a line from Muncie to Union City (33 milet and a
OFFICERS.-Pres., L. A. Robison, Pittsburgh: Sec. & Treas.. Wyn B.
line from Muncie to Newcastle (18 miles) put in operation Aug.31 1913;
total 290 miles of Interurban and 4614 miles of city lines. Also leases Morris, Pitt burgh; Gen. Supt., Palmer Wardman, Ashtabula. V.85.p.468:
Muncie-Hartford City-Bluffton line, 42 miles, and Indianapolis-Newcastle V. 98. p. 761.
line, 4414 miles: grand total, 423 miles. Through cars are run between
PENNSYLVANIA & OHIO RY.-A trolley road.
Indianapolis and Fort Wayne in conjunction with the Fort Wayne &
Northern Indiana Traction Co. Provides package freight service between
The same Interests control the Ashtabula Rapid Transit Co.
ORGANIZATION.
Indianapolis and Muncie and Indianapolis and Logansport and Peru, and
-Incorporated March 17 1898.
to all other points on the system. Operates through freight service between
STOCK AND BONDSInterest. Outstanding. Maturity.
Indianapolis and Fort Wayne. By contract until Nov. 1933 cars are run Stock (5100),$1.600,000 auth. Date,
$1,300.000
over tracks of Indianapolis Street Ry. in Indianapolis. Carries express First mtge. $600,000. gold.
1901
5 g M-S
600,000 Mar 15 1921
matte per contract with Wells, Fargo Express Co. A large central
5500 each
c*
power station, with necessary storage batteries, at Anderson, operated on Jefferson Division ($500), Int. at Citizens' Say.& Tr. Co., Clay., Trus.
1902 5 g M-S
100.000 Mar 15 1922
a three-phase system, with 19 sub-stations, likewise equipped with storage
$100,000
jlnt. at Citizens' Say. & Tr. Co., Clev., Trus.
batteries, operates entire system.
Gen mtge. 8900.000, gold 1906
5 M-8
200.000 Sept 15 1926
EQUIPMENT.
-Jan. 1 1914. 153 city cars, 88 interurban cars, 29
c Int. at Citizens' Say. & Tr. Co.. Cloy., True.
($500)
freight ears and 120 service cars: total. 390.
Bonds.
-Of the new gen. mtge. bonds. $700.000 are reserved to retire
OFFICERS.-Pres., A. W.Brady, Anderson; V.
-P., Harold B. Flibben:
Sec. & Treas., Wm,II. Forse Jr., Anderson. General offices and transfer prior liens.
EARNINGS.
-For calendar year 1913, gross, $124.329; net, $51.691.
offices, Anderson, Ind.
-V. 94. P. 1385. 1567: V. e5. p. 298. 362, 819:
In 1912, gross, $123.030; net, $45,801.
V. 96,P. 64, 137, 717, 1083; V.97, p.446; V. 98. p.840, 905. 1001.
ROAD.
-Owns and operates the Conneaut city line, 3 miles, and has
Indianapolis Newcastle & Eastern Traction Co.
(I)
Leased to Union Traction Co. of Indiana on Oct. 25 1912 for 999 years. built westward from Conneaut to Kingsville & Ashtabula. 13 miles, and
The lease provides for the payment of all taxes, interest on bonds, a sum south from Ashtabula to Jefferson, 10 miles; total, 26 miles.
equivalent to 5% on the preferred stock, and amounts on the common stock
OFFICERS.-Pres., L. A. Robison, Pittsburgh;
as follows: 1% in 1913 and 1914.2% in 1915 and 1916.3% in the next four Morris, Pittsburgh; Gen. Supt., Palmer 1Vardman. Sec. & Treas.. W. B.
Office at Ashtabula.
years and 4% thereafter; also $500 for organization expenses.
-V.82, p. 929. 987.




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ATLANTA, GA.

GEORGIA RAILWAY & POWER CO.
-(See Map on page 9.)
ORGANIZATION.-Incorp. In Georgia on Oct. 16 1911 to take over
following properties (V. 93, p. 1191, 1725):
the
Atlanta Hydro-Elec. Power Co.
Inter-State Power Co.
Atlanta Water & Elec. Power Co.
Savannah River Power Co.
Georgia Power Co.
South Carolina Power Co.
Also leases the Georgia Railway & Electric Co. (see below).
It is planned to construct and operate in connection with the development of the water powers a system of interurban railways.
In June 1912 Judge Pendleton in the Superior Court sustained a demurrer
to the suit brought to have the company declared a trust in violation of the
Anti-Trust law.
94, p. 1763. An appeal was taken to the Supreme
Court but in Jan. 1913 the suit was withdrawn. V. 96, p. 285.
In a suit brought by the Attorney-General of Georgia in Nov. 1912 to
eject the company from certain property at Tallulah Falls, where a large
power-plant has been constructed, a jury in the Rabun County Superior
Court at Clayton. Ga.,in May 1913 gave a verdict in favor of the company.
The Supreme Court of Georgia on Dec. 13 1913 affirmed the decision of
the lower Court. V. 95, p. 1472. 1541; V. 96, p. 1629; V. 97, P.1822.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$15,000,000 ($100)_
815.000.0001
1st pf$2.000.0006% cum($100)
2.000,000
See text
2d pf$10,000.000 49'n-c($100)
10,000,000
1st & ref mtge 530,000.000 gI 1914
5 g A-0
9,865.000 Apr 1 1954
See text sinking fund_ __c* lInt, at Fidelity Tr. Co.. Phila., Trustee.
Blue Ridge Elec 1st M 31,-I 1910 5 J-.1
1.135,000 See text
370.000 g ($500)
co Columbia Trust Co.. Trustee.
North Ga Elec Co 1st M_ _
see text
Savannah Ely Pow Co let 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 P & El P 1st M1 1903
5 J-J
1,367.000 Jan 1 1943
$1.500,000 gold ($1,000)__'Columbia Tr. Co.. N. Y., Trustee.
Stock.
-After the 2d pref. and clubmen stocks have both received 4%
per annum for 3 successive years, the 2d pref. stock becomes corn. stock.
Bonds.
-Of the 530.000,000 1st & ref. mtge. bonds, $3.052,000 (namely
$1.135,000 Blue Ridge El. 1st 5s; $1.367.000 Atlanta Water Pow. & El. P.
1st M. 5s, and $550,000 Savannah River Power bonds) are reserved
to retire prior liens, and balance is for future additions, &c., under protective restrictions. Subject to cad at 10234 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 51,000
or £205 15s. 3d. and $500 or E102 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 pay int. on the bonds. See V. 94, p. 1383.
5450,000 of the $1,135,000 outstanding bonds are reserved to retire a like
amount of the North Georgia Electric Co. mtges. Columbia Trust Co.
Is trustee of both Say. River Power Co. issues. The Atlanta Water &
Elec. Pow, bonds are subj. to call at 105. Sinking fund Jan. 1 1908 to
Jan. 1 1917. incl., 55.000 per annum; thereafter until maturity, $10,000
per annum. See V. 79, p. 153.
Dividends.
-An initial div. of $4 70 per share was paid Jan. 20 1913
let pref. stock, covering the 9 2-5 months since it was issued (March on the
1912).
None since up to Sept. 15 1914.
REPORT.
-Of the combined properties for calendar years:
Calendar
Gross
Net (a t. Other Int.,Rentals, First Pref. Balance,
YearEarns.
Taxes).
Inc. Sink.Fdsc, Dividend. Surplus.
,&
1913
5,350,995 2,227, 27 103,627 1,735.988
594,856
1912
5,218,913 2.442,093 77.278 1.674.681 (4.7%)94,000 750,689
PROPERTY.
-Total mileage (on single-track basis) Dec. 31 1913'
211.993 miles. Standard gauge, 70. 80 and 90-1b. rails. Owns water
power sites in Northeastern Georgia capable of an ultimate development or
over 346.000 h. p. At Tallulah Falls develops 80.000 h. p., with transmis
sion lines to Atlanta, 90 miles distant. The interurban line from Atlanta
to Stone Mountain was completed in Nov. 1913. The hydro-electric
at Tallulah Falls has been in partial operation since Sept. 24 1913. plant
OFFICERS.
-Ch. of Bd., H. M.Atkinson; Pres., Preston S. Arkwright:
V.
-P. & Gen. Mgr., G. W. Brine; V.
-P. & Sec., W.H. Glenn; Asst, Sec.,
Paul D. Reid; Treas., I. S. Mitchell Jr.; Aud., H. Flynn. all of Atlanta.
-V.93,p. 730, 1191, 1725; V. 94. p. 123. 982. 1119. 1383. 1763: V.95.
p. 1472. 1541; V. 96. p. 202. 285. 419, 789,941, 1021, 1629; V.97, p. 1504.
1822; V. 98. P. 689, 757. 1459, 1536. 1694.
(1) Georgia Railway & Electric Co.
Lease.
-On Jan. 30 1912 the stockholders of the Georgia Ry. & Elec. Co.
approved the 999
-year lease from Jan. 1 1912 to the Georgia Ry. & Power
41o., which provides that the latter company guarantee all the fixed charges
and diva, on pref. stock and dirs. of 8% on corn, stock, the holder of each
$100 com. having received, as additional consideration for the lease,$3 1234
In let pref. and $125 in 2d pref. stock of Georgia Ry & Power Co. V. 94.
0. 982. 1119. The shares of the Atlanta Gas Light Co. and of the Atlanta
Northern Ry. are not included in the premises demised under the lease,
but the lessor assigned and transferred to the lessee, for and during the term
of the lease, the income arising from any and all of the said shares.
ORGANIZATION.-Incorp.In Georgia on Jan. 28 1902, and on April 1
1902 took over the Atlanta Ity. & Power Co., the Atlanta Rap. Tran Co.,
the Georgia Electric Light Co. and the Atlanta Steam Co. Franchise
for the greater part perpetual: others 50 years from August 1899. Comprises the street railway, electric-light, gas, power and steam-heating
Interests of Atlanta and Fulton County. Uses power supplied by the
Atlanta Water & Electric Power Co. from the latter's plant at Bull
Sluice on the Chattahoochee River, 15 miles from Atlanta-see V. 79, p.
153. 2149 By terms of the ordinance permitting consolidation,the company paid the city of Atlanta $50,000 In cash, and agrees to pay a tax on
gross receipts of 1% for first 3 years, 2% for the next 20 years and 3%
thereafter. V.74, p. 397, 727. Has contract with the city for street lighting for 5 years from April 1 1913. In Oct. 1902 both pref. and coin, stock
were listed on Boston Stock Exch. V.75, p. 849. They are also listed on
the Louisville Exchange.
In June 1903 acquired the entire capital stock ($b00,000 6% pref. and
$1,014,625 corn.) of the Atlanta Gas Light Co., comprising the gas business
of Atlanta and vicinity, by exchange of stock, $ for S. V. 76, p. 1406.
The gas company, however, maintains a separate organization.
Shareholders,com.and pref., of record Jan. 26 1914 were given the right
to-subscribe to $514,600 corn.stock (which was at that time in the treasury)
at $118 per share. V. 98,P.3
86.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common ($100)
F
$8,514,600
See text
5 -J
Preferred 5% non-cumulative
2.400,000
See text
$2.400,000(par $100)
Ref & imp mtge $20,000.000 1909 5 g J-J
3,532,000 Jan 1 1949
el. Int. at Amer. Trust Co.. Boston, Trustee.
gold ($1.000)
First cons mtge $11,000,000 1902 5 g J-J
5.885,000 Jan 1 1932
gold sink fund ($1,000) c5 Int. at Old Colony Trust Co., Boston, Tills.
Atlanta Street Railroad first 1890 6 g .1-J
225.000 July 1 1930
mortgage gold (par $1.000) Int. payable In N.Y. at Fourth Nat. Bank.
Central Trust Co., N. Y., Trustee.
2,000,000 Jan 1 1939
_ttl Cons St Ry 1st consM52.- 1899 5 g J-J
500,000 g($1,000each) c* Int. payable in N. Y.at N.Y.Trust Co.and
at Marc. Tr.& Dep.Co.of Bait., Trustee.
1.360.000 July 1 1930
Georgia Elec Light Co let M 1900 5 g J-J
$2,000,000.gold.subject to Interest at Old Colony Trust Co.. Boston.
Trustee.
c*
call at 105
1.150.000 June 1 1947
Atlanta Gas
-Light Co. let M 1897 5 g J-D
31.150.000. g ($1,000)....c5 Interest at New York Trust Co., Trustee. or
Bank of Scotland, London. Eng.
Bonds.
-Of the $11,000,000 Georgia Railway & Electric Company bonds
(closed mtge.) of 1902. $3,850,000 are reserved to retire underlying liens.
Are subject to call on any Interest date at 110 and accrued interest. A
sinking fund became operative in 1907 which retires $10.000 of bonds
each year from 1907 to 1911, inclusive; $25,000 per annum from 1912 to
1916, inclusive. and 550.000 per annum thereafter. See V. 74. p. 629. 727.
Is operative. Atl. Consol. St. Ry. bonds are red, as a whole at 10734, but
$25,000 in Jan. of each year for sinking fund at 105. Of the ref. & hunt.
mtge. bonds, $11,230.000 are reserved to retire prior liens (including the
$400,000 Atlanta & Northern bonds) and 35,159.000 for extensions and
improvements up to 75% of actual cost. $79,000 have been retired.
Bonds are subject to call on 50 days' notice at 105 and int.; a sinking fund
of 1% of bonds out began in 1910.
Dividends.
-5% per annum Is being paid on preferred stock. On corn..
divs, have been: Aug. 1905, 2%; Feb. 1906, 2%; May 1906,
%(V.82.




[VOL. xenc.

ELECTRIC RAILWAYS

p. 1040)•, Aug. 20. 134%. In 1907. Feb. 20, 134%; May 20, 134% and
stock div. of 33 1-3% (V.84, p. 803); Aug. 20, 1)4%; Nov. 20, 1)4%; in
1908.6%;'09,6%;in '10,63%;in 1911,8%;in 1912, Feb..2%;May,2%•
Dividends are now paid under lease (see above).
EARNINGS.
-Included in report of Georgia R.& Power Co. above.
ROAD.
-Owns 202.846 miles of track (single-track basis). 70, 80 and
90-1b. rails. 345 motor cars. 2 power stations.
-P., T. K. Glenn: Sec. & Treas.
OFFICERS.-Pres., F. E. Block; V.
W. H. Wright.
-V. 92, p. 59, 395, 460; V. 93, p. 286, 730. 1191. 1259.
1461. 1599, 1725; V. 94, p. 123, 350, 559. 982, 1119, 1563; V. 95, p. 1122,
1207; V. 96. p.716. 1021; V. 97,p. 521; V.98. p. 304. 386.
-A trolley road.
(a) Atlanta Northern Railway Co.
ORGANIZATION.
-Entire stock is owned by the Georgia Railway &
Electric Co., which guarantees the bonds.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$100,000
Stock,$100,000
400,000 July 1 1954
First mortgage 5400,000 guar' 1904
5 g J-J
($500 and 51.000) gold_ _c*fInt. at Old Colony Tr. Co.. Boston, Trustee.
Bonds.
-Are guar., p.& i., by end., by the Ga. Ry.& Elec. Co. Are subject to call on any int. date at 110 and int. A sink,fund of $5,000 per ann.
began in 1909; bonds are held in sinking fund but not retired. See V.
79. p. 680.
EARNINGS.
-For cal. year 1913, gross, 3140,036; net. $35,906; Int.
& taxes. $31,913; surplus, $3,993. In 1912. gross, $138,439; net. $33,613:
int. & taxes, $31,217; surplus, $2,396.
-Operates 18 miles of track from Atlanta to Marietta. 15.2 miles,
ROAD.
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 St SHORE CO.
ORGANIZATION.
-Incorporated in 1909 in Delaware. Owns 2,995 of
the 3,000 shares of the Atlantic & Suburban Ry. Co. stock and a majority
of the stocks of the Central Passenger Ry.Co.($40.000 bonds) and Atlantic
City & Shore RR. Co. Also OWLIS all of the $591.100 outstanding 1st mtge.
bonds of Atlantic & Suburban Ry.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$936.900
Stock, $1,000,000
See text
Coll trust, $591,100
591,100
tf 1910
4%
The collateral trust 4s are secured by $591.100 Atl. & Sub. let mtge.
bonds and 2,995 out of 3,000 shares of stock of that company. They fall
due Feb. 1 1928 or Feb. 1 1940.
OFFICERS.-Pres„ Harry E. Kohn; Sec., L. R. Isenthal; Treas..
I L. Stone.
-An electric road.
(1) Atlantic City & Shore RR.
ORGANIZATION.
-Incorporated in New Jersey Oct. 21 1905 with a
-see terms
perpetual charter. Leases Atlantic City & Ocean City 1111.
13elow-and owns 5218.500 of the common stock of the Atlantic City &
Ocean City Company, which holds all the stock and bonds of the Atlantic
City & Ocean City RR. V.85, p. 158. Cent. Pass. Ry.Is operated under
traffic agreement.
-A traffic agreement has
Contract with West Jersey & Sea Shore RR.
been entered into with the West Jersey & Sea Shore RR. by which the
Atlantic Ave. line of the latter road, running from Atlantic City to Long
port, 834 miles, Is operated by this company. The West Jersey & Sea
1918 a majority of
Shore RR. has an option to purchase until May _l
the Atlantic City & Shore RR.stock. V. 85, P• 153.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$1,000,000
Stock, $1,000,000 ($100)---950,000 Dec 1 1945
let mtge & coil trust deed1 1905 5 g J-D
$1.000,000 (51,000) g_c*tfiInt. at Girard Trust Co., Phila., Trustee.
Bonds.
-No sinking fund, but can be called at any time at 110 and int.
ROAD.
-Operates 47.45 miles of track in and around Atlantic City, Including a road through Pleasantville. Linwood and Somers Point, to Ocean
City, the latter two points being connected by 2 miles of trestle and bridge
owned by the Atlantic City & Ocean City RR.
EARNINGS.
-For calendar year 1913. gross. $654,603; net (after
rentals). $98,136; int.. 549,321; sur.. $48.815.
OFFICERS.-Pres. Wm. A. Stern; V.
-P.. Charles Evans; Sec., J. M.
-V. 85. P.
Campbell; Treas., I. L. Stone; Gen. Supt., Geo. F. Faber.
158; V. 86. p. 1099: V. 88. p. 685; V. 90. p. 1424.
(a) Atlantic City & Ocean City Company.
The Atlantic City & Ocean City Company was organized in Delaware
and owns the entire ($180,000) stock and all the ($180,000) bonds of the
Atlantic City & Ocean City RR., and has pledged them as security for the
collateral trust bonds below. Of the common stock of the Atlantic City &
Ocean City Company,$218,500 is owned by the Atl. City & Shore RR. The
latter leases the Atl. City & Ocean City RR. for 999 years, the rental being $19,500 per annum,and an additional contingent sum equal to 33 1-3%
of the net surplus, but not to exceed $25.000 per annum.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
$220,000
Common.$350,000_
175,000
pref 5% non-cum $250,000Collateral trust gold 5500,-1 1907 5 M-S
350,000 Mar 1 1947
000 redeemable 110 & lot tf'Girard Trust Co., Philadelphia, Trustee.
-The pref. stock is redeemable at par.
Stock.
-The Atlantic City & Ocean City RR. owns 2.61 miles of road
ROAD.
from Somers Point, across Great Egg Harbor Bay, on bridge and trestles.
to Ocean City. Rails. 85 lbs. V. 85, P. 158; V. 87. p. 165.
OFFICERS.-Pres., Penrose Fleisher; Sec., J. M. Campbell; Treas.,
Irvin L. Stone.
(2) Atlantic & Suburban Ry.
ORGANIZATION.
-Incorporated in New Jersey Dec. 4 1908 as a reorganization of the Atlantic City & Suburban Traction Co.,sold under foreclosure of 1st mtge. V. 87, p. 1237, 1532.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Stock.$750,000(350)
$150,000
-A
First mortgage. 3650,0001 1909 4 g F
591,100 Aug 1 1929
c* tf lint. at Cambridge Tr. Co,Chester, Pa., Tr.
($1,000)
5%
Prior lien M,$100,000, gear ____
100.000 Feb 1 1925
& by A 0 & S Co--- tt
Eands.-Bonds have no sinking fund. V. 87, P. 1237.
EARNINGS.
-For calendar year 1913,gross,$90.557;net.$30,013;other
Income. $2,813; taxes & int.. 334,156; deficit. $1,331.
-Operates 16.13 miles of track from Atlantic City to PleasantROAD.
ville. Somers Point and Absecon. Standard gauge, 80-1b. T rall.-V. 87,
p. 872, 1237, 1299, 1532; V. 88, p. 881; V. 90, p. 1424.
OFFICERS.-Pres., Harry E. Kohn; V.
-P., Robt. Wetherill; Sec..
J. M. Campbell; Treas., Irvin L. Stone.

AUGUSTA, GA.
AUGUSTA-AIKEN RY. et ELEC. CORPORATION.
ORGANIZATION.
-Chartered in March 1906 under laws of South
Carolina as Augusta & Columbia Ry. Co.; name changed to above in April
1911 and is a consolidation of the following companies:
Augusta Ry.& Elec. Co.
Augusta-Aiken Ry. & Elec. Co.
I North Augusta Elec. & Impt. Co.
Augusta & Aiken By. Co.
Owns and operates entire railway systems of Augusta, Ga., and North
Augusta, S. C., and a line from Augusta to Aiken, S. C. Also furnishes
entire electric light and power service in Augusta and its suburbs and owns
valuable real estate in central part of Augusta. Railway franchise in
Augusta expires 1939; electric-lighting franchise runs until 1939 or longer.
Interurban division is on private right of way. V.92, p. 1177. Also owns
all securities of North Augusta Hotel Co. (owner of Hampton Terrace
Hotel), and 99% of securities of North Augusta Land Co. Likewise owns
all the common stock of the Ga.-Caro. Investment Co. Bee remarks below
New Hyaro-Electric Development.
-012 July 20 1912 shareholders approved
the proposed agreements. dated July 1 1912 providing for the construetion and financing of the Georgia-Carolina Power Co.'s hydro-electric plant
and system (which was put in operation Feb. 6 1914
-see V. 98. p.
Initial installation 14,000 h.p., ultimate capacity about 30,000 h.p.), on692:
the
Savannah River,and the operation of same in perpetuity by Augusta-Aiken
Ry. & Elec. Corp. They also voted to guarantee prin., int. & sk. fund on
Ga.-Carolina Power Co. let M.bonds and div's from July 1 1915 on $750.000 pref. stock of Ga.-Carolina Invest. Co. All the pref. and common
stocks of the Ga.-Caro. Pow. Co. (incorp. in So. Caro.) are owned by the
Ga.-Caro. Investment Co. (a holding co. incorp. In Maine), all of the let-

SEPT., 914.]

11

ELECTRIC RAILWAYS

ter company's cons. stock ($500,000 par) in turn being owned by the Aug.
Aiken By. & Elec. Corp. See abstract of plan in V. 95, p. 234. On July
23 1912 Aug.-Alken By. & Elec. Corp. shareholders were offered the right
to subscribe for above-mentioned $2,750,000 1st M. 5s of Power Co. and
5750.000 pref. stock of Ga.-Caro. Invest. Co. at $880 and int, on bonds
for each block, consisting of $1,000 bonds and $300 pref. stock. V. 95.
p. 234. In July 1913 $1.590,000 Georgia-Carolina Pow. 1st M. 5s ($2.750.000 outstanding) were offered in London with the right to subscribe in
respect of each $500 bond at the price of £15 for $100 7% pref. stock of
:
.
.
Ga.-Car. Invest., carrying cum. dive. of 5% quer. See V. 97,P. 119 179
V. 98, p. 154.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
82,250.000
Common 52.250,000 ($100)
Preferred 6% cum since Jan 1
1,500,000
-M
Q
1912($100)
3,161.000 Dec 1 19'35
First mtg $7,500.000 gold 1910 5 J-D
cs tt Central Trust Co., New York, Trustee.
(31.000)
945,000 June 1 1940
Augusta By & Elec 1st M g 1900 8 g J-D
Dep. Co., Bait.. Trustee.
81.000.000 (31.000) -c*ntf Int. at Mer. Tr. &
750.000
Quar
Invest Co, prprof -Ga-Carolina
dividend.
stock ($750,000) see text Red,as a whole at 105 and accrued
($100) cumulative
Ga-Caro Pow 1st M $5.000.2.750.000 July1 1952
-J
191
000 g ($500 and $1,000)
c*tf Central Trust Co.. New York, Trustee.
guar
cum.
Investment Co. pref. stock is entitled to 5% addiStork.-Ga.-Care.
-Aiken By. & Elec. Co.) from July 1 1915. and
dive. (guar. by Aug.
conditions. Stock is
divs. of 2% per ann. under certainCorp.. share for share.
tional non-cum.
-Aiken By. & Elec.
convertible into pt. stk. of Aug.
are in treasury,
-Of the $7.500,000 let mtge. bonds. $164,000 and balance is
Bonds.
are reserve to retire Aug. By. & Elec, bonds sinking fund) at
$945.000
call as a whole (or in part for
for additions. &c. Sub.,. to
notice. Interest is payable
105 and interest on any interest day on 30 days'
in 1916 provides
at Redmond & Co.. New York. Sinking fund beginning 840.000. $50.000
1st 5 years. Increasing to
for payment of 325,110 per ann.
bonds.
and $65,000 for each successive period of 5 years until maturity of or 30
20
V. 92. p. 1177. Augusta By. & Elec, bonds can be called in 10, 14 of 1%
months'notice: sinking fund is
years from date at 105 and int. on 6
beginning June 1 1905 for 15 years. 19' for next 10 years and 2% for remainfund Apr.
ing 10 years. 855,000 was held in sluicing call as a 30 1913. in part for
whole, or
-Caro. Pow, bonds are subj. to
The Oa.
fd. at 105 and I. Sk. fd. beginning with 1918 will be sufficient to
sk.
maturity. They are guar.. p.. 1. & s. f.. by Aug.
retire all the bonds at
Aiken By.& Elec. Corp. V.95. p. 179.
Diridends.-Initial dividend on preferred-1)4%-paid Dee. 30 1911.
Same rate quarterly since to and incl. June 1914. The Sept. 1914 div. was
not paid. (See V. 99, P. 8140
-For calendar year (V. 98, P. 1310):
REPORT.
Pl. Div. Balance,
Other
Net (after Int. on
Gross
Calendar
Earnings. Taxes). Sink. Fds. Interest. (6%). Surplus.
Year8725,073 8321,989 $55,000 $150,170 990,000 $26,819
1913
90,000
9,942
138,211
55,000
293,153
662.591
1912
-Owns and operates 53.2 miles of track, of which 28.92 miles
ROAD.
miles interurban between Augusta and Aiken, 60
are city lines and 24.28
to 100-1b. T rails. Standard gauge. Owns Lake View Park on Lake
Olmstead.
-P., J. II. Pardee and E. C. Deal;
OFFICERS.-Pres.. F. Q. Brown; V.
-V.
Mgt. Corp.
Sec. and Treas., D. H. Thomas; Mgrs., J. G. White1683; V. 96. p. 93,
12244
V. 95. p. 175, 234, 360, 1121.
p. 1724; V. 94. p. 205;
V. 97, p. 116. 1114, V. 98. p. 154. 692, 1243, 1310; V. 99. p. 814.

BALTIMORE, MD.

Street railways of Baltimore pay a park tax of 9% of gross earnings within
City Limits, except on turnpikes and private rights of way, and are required
to pave between tracks and two feet on each side.

UNITED RAILWAYS 8c ELECTRIC CO. OF BALTIMORR.-Trolley
ORGANIZATION.
-Incorporated at Annapolis March 4 1899. Comprises all the passenger railways in Baltimore City and Baltimore County
and lines extend Into Anne Arundel County and Howard County. Through
the present and previous consolidations, embraces the following:
Baltimore Catonsville & Ellicotts Central Railway Co.
Mills Passenger RR.
Gwynn's Falls Railway of Baltimore
Baltimore City Passenger By. Co.
City.
Baltimore Consolidated Ry. Co.
Maryland Traction.
Baltimore & Curtis Bay Ry.
Pimlico dr Pikesville RR.
Bait. Gordonsville & Behar Elec, fly. Shore Line Electric By.
Baltimore & Northern Elec. By. Co. Walbrook Gwynn-Oak & Powhatan.
Also owns all the stock, and holds a lease of the Baltimore Sparrows
Point & Chesapeake By. Co.
Allied Company.
-In Aug. 1906 the Maryland Elec•Ry.. which had agreed
to provide funds for needed Improvements and acquisitions of the
& Elec. Co., was consolidated with the Balt. & Annapolis Short Line,
thus forming the Maryland Elec. Rys. See statement of that co. below.
Power Contract.
-Having canceled the contract for supply of power made
with McCall Ferry Power Co. in June 1907 (V. 85, p. 163), in Feb. 1911
entered Into a 15
-year contract with Pennsylvania Water & Power Co. for
supplying power in conjunction with United Railways Co. for operation of
cars. V. 92. p. 467.
Favorable Tax Decision.
-On June 29 1909 the Court of Appeals of Maryland held that the park tax of 9% on gross earnings of lines within city
limits was intended to be in lieu of all other taxes, and that no further tax
on the intangible property can be levied without express legislative authority. The easements in 14 miles of turnpikes in annexed districts are held
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
Maryland reversed the ruling and unanimously held that company's obligation with respect to the track area was to repair and not to re-pave.
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.
On June 1 1914 Judge Duffy in Circuit Court No. 2 suspended the operation of the order of the Public Service Commission, ordering an extension
from Overlea to Jerusalem on the Eclair Road, about 1014 miles, the Court
holding that the demands of the Commission were unreasonable. V. 98.
p. 1769.
-In June 1914 the Maryland P. S. Commission granted perNew Notes.
-year 5% coll. notes, convertible into common
mission to issue $1,000,000 2
s
stock at $50 ter $50 share, or par. Commission had beenbeen requested to
convertible
$
50 share.
12 l847
.
1 °
.1749 legograloa.i
-3 Per
.
p
g rc 6
a e g 94h`s 19g,
Interest. Outstanding, Div. or Mat
Date.
STOCK AND BONDS820.461.200 July '14.1%
Common,$24,000,000 ($50)23,000 Dec'13. 2%
4
Pref. cum, $14.000,000 (850)
1949
13,977,000
4 g 3-D
Inc mtge, g, 814.000.0001 1899
cum, tax free. Maryland Payable at option of co. after March 1 1949.
Tr Co. Trus ($1 000)_Ott Int. at Alex. Brown & Sons. Baltimore.
1st con mtge, g, $38,000,0001 1899 4 g M-8 26,450,000 Mar 1 1949
($1,000); Continental Tr Interest at Alex. Brown & Sons, Baltimore.
Co, Baltimore, Trus-cott
-fl
3 920.000 June 1 1936
5g 3
Income fdg bonds($100,$5001 1906
TEL
AUSTIN,
ary an TrusCo., rustee.
, -cn
See text
35.000
5 g A-0
Car trusts. Series "A," $350.- 1904
AUSTIN STREET RY.-A trolley road.
000, gold ($1.000)
tf Int. at Fidelity Trust Co., Bait., Trustee.
-Incorporated in Texas on Jan. 3 1911 as successor
ORGANIZATION.
1,000.000 June 1 1916
Coll trust notes $1,000,000 1914 5 J-D
to the Austin Electric By. Franchise expires in 1942.
($100,$500 and $1,000)__c Int. at Alex. Brown & Sons, Baltimore.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Dale.
Red par& int30days'notIceiSafe Deposit & Tr. Co., Balto., Trustee.
$560,000 See text.
Common 5750.000 ($100).
UNDERLYING SECURITIES.
250,000 See text.
n-c_
Pref $500.000 ($100)6%
1,500,000 Nov 11029
724.000 Jan 1 1936 Baltimore Traction-lat ($1,- 1889 5 M-N
First & ref mtg $1.500,0001 1911 5 g J-J
000) mtge; Trustee Mercan Interest at National Mechanics' Bank,
-----c*tf[Int. at Equitable Trust Co., N. Y.. trustee.
gold ($1.000)
tile Tr & Deposit Co_cntt Baltimore,
-$776.000 1st & ref. bonds are reserved for additions, &c. They
Bond,.
1,750.000 June 11942
-D
5g J
N B Div 1st ($1,000) 5s, g; 1892
are subject to call on any int. date at 10214. Annual sinking fund of 2%
TrusMerTr&DepCo.c ntf Int. at National Mechanics' Bank, Baltimore
of bonds out begins in 1915. V.92. p. 185: V.93. p. 1461. stock.
3,000,000 June 1 1922
5 g J-D
- 1892
City & Suburban Ry Bonds
-6% is being paid on pref. and 4% on common
Dividends.
tt Int. at Alex. Brown dc Sons, Baltimore.
-For cal. year 1913. gross. $258.405; net. $110.937; int.
EARNINGS.
1st mtge. g (gL000)
Safe Deposit & Trust Co., Balt., Trustee.
and taxes. $44.819; surplus. 366,118.
500,000 July 1 1916
Baltimore Catonsville & Elli- 1896 5 J-J
-Operates 20.4 miles of track. 55 and 72-1b. rails; 34 cars.
ROAD.
cott's Mills-lst mortgage. Safe Dep. & Tr. Co., Balt.. Trustee. Int.
Jones; V.P. F. H. Watriss; Sec., A. L. KalOFFICERS.-Pres., W.J.
at National Mechanics' Bank, Baltimore.
n tf
3500,000. Prin, g
loch; Asst. Sec., G.P. Gannett. Augusta, Me.; Treas., E.P. Wilmot; Asst.
1,000,000 Sept 1 1942
-V. 92. p. 185; V. 93. P. 526. Lake Roland Elevated-1st 1892 5 g M-S
Treas., G. E. Macombe, Augusta, Me.
mortgage, gold Interest at Alex. Brown & Sons, Baltimore.
consol
1461. 1531.
Baltimore Trust Co., Trustee.
cstsr tf
($1,000)
700,000 May 1 1932
onsol mortgage 1892 5 g M-N
Central R
BAKERSFIELD, CAL.
$700,000. gold (81.000)ntf Interest at National Mechanics' Bank, Bait.
Mercantile Tr.& Dep. Co. of Bait., Trustee.
JOAQUIN LIGHT & POWER CORP.
SAN
600,000 Mar 1 1932
Ext and imp 1st mtge.i 1897 5 g M-S
-Incorporated in California In July 1910 as a consoliORGANIZATION.
$800,000, g ($1,000)_ntf Baltimore Trust Co., Baltimore, Trustee.
dation of the San Joaquin Light & Power Co., the Power Transit & Light
Interest at Nat. Mechanics' Bank, Balt.
Co. (Bakersfield) and the Merced Fails Gas & Electric Co. Franchisesin
preferred stock reported above as outstanding is all that
Stock.
cities are irerpetual; outside of cities, with two exceptions, extend beyond remains-The original issue of $14,000,000, the rest having been converted
of the
1950. About one-half the total length of transmission lines is on priv- into income bonds. Corn, stock listed on Baltimore and Philadelphia
ate right of way. Operations extend into the seven principal counties ofthe
San Joaquin Valley, a territory 195 miles long and 78 miles wide. Fur- Stock Exchanges. V. 96, p. 1631; V. 97. p. 667. bonds $28.950.000 have
-Of the $38,000,000 of 1st consolidated
Bonds.
nishes power to the Midland Counties Public Service Corp. (See that combeen issued (of which $1,167,000 are in treasury and $1,333,000 pledged
pany in V. 98, p. 1849).
underlying
In March 1912 bankers In San Francisco offered a block of pref. stock as as security for the two-year notes.); $9,050,000 set aside to retiredate at par
securities. Income funding bonds are redeemable on any int.
85, with a bonus of 25% In common. V. 94. p. 921. 1123.
In July 1913 shareholders sold an issue of 2-yr. 6% coll, trust notes to and accrued int. The Series "A" car trusts outstanding;.were originally
N. W. Halsey & Co. V.97. p. 241.
$350,000; they mature $35,000 per ann. on Oct. 1 from 1905 to 1914. both
In July 1914 the California RR. Comm. authorized $249.967 notes in incl. All bonds are listed on Balt. Stock Exchange and the 1st consol. 4s
renewal of outstanding notes. The Commission also granted the company and $14.000,000 income 4s are listed on Phila. Stock Exch. The coll. trust
until Dec. 31 1914 in which to issue $1.776,000 bonds to pledge as security 5s are secured by $1,333,000 1st consol. M. 4s. Red. at par and accrued
-year collateral trust notes. V. 99. p. 411.
int. on 30 days' notice, subj. to right of conversion. If only part of the
for 2
the notes called will be redeemable by lot. Notes may
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. notes is redeemed,common at par any time up to and incl. Mar. 1 1916,
be converted into
Common $15,000,000
811.000.000
when the right to convert will cease 5 days prior to date named for converprof. $10.000,000($100)6%cum.
Q-J 15
6.500,000 See text.
1st & ref mtge $25,000.000 gl 1910 5-6 F
-A
4.400.000 Aug 1 1950 sion (V. 98, p. 1995).
DIVIDENDS.
($1.000) sinking fund_c&r*jTrust Co.of Amer.,N. Y.. true.; Int.In N.yr
-Dividends of 34 of 1% were paid in June 1899 and 2X%
trust notes
954.000 Aug 1 1915 In Dec. 1899,and 2% each six months after that to and Including Dec. 1903,
1913 6 Quar.
Coll
-D
2.720.000 June 1 1945 on both the Income bonds and the pref. stock, the payment on the stock
San Joaquin L & P Co 1st MI 1905 5 J(but not on the bonds) being subject to a deduction of ki of 1% for taxes.
$3.000.000 s f($1,000._c*Redeable at 110 and Interest.
--Payments due June and December 1904, June and December 1905 and
104,000
1942
5%
San Joaquin Power Co ------ 103.000 June 1 1933 June 1908 omitted, and in 1906 coupons for these dates were funded, and
Power Trans & Lt M 82,60111.- Jooa 5 g -D
gold (111,000)(Mercantile Trust Co., San Francisco, trustee subsequent coupons were in like manner funded as they matured up to
000
9-1,000 July 1 1931 and including Dec. 1910. On June 1 1911 paid 2% on both income bonds
Bakersfield & Kern Elec Ryi 1903 5 g .1-3
and pref. stock; Dec.. 2%. In 1912, June, 2%• since then 2% each six
$250,000 gold ($1.000)--c Union Trust Co., San Francisco, trustee.
-A 16
6F
Lt mtg
16,000 Periodically months. On corn. 1st div.-1 %-paid May 1912: Nov.. 1)4%• In
'
Gas &
Bakersfield
1913. April, 29'; July(quar.), 1%; Oct.. 1, . In 1914 Jan. 1%: Julv,1%.
249.967
7
Notes
ROAD.
-miles of track.403.278;cars. 1°916; gauge',5ft.'434Inch. Rails.
-Capital stock cannot be increased without assent of three-fourths
,
Stock.
-lb. T and 9
-in. and 12434-lb. girder. Capacity of (4) generating sta70
of stock of both classes.
-Of the let & ref. mtge. of 1910, Series A (91.500,000, all out) tions, 41,305 k.w.: capacity of (5) sub-stations, 34,000 k.w.
Bonds.
REPORT for the year ending Dec. 31 1913 In V. 98. p. 1241.
int.; Series 13, of which sufficient are reserved for underlying liens,
bear 6%
1910.
1911.
1913.
1912.
bear int. at 5%; remainder can be issued at not exceeding 6% interest
of cost under
30,203,185 29,472,537 28,698,339 27,911,573
for additions imorovementa. 8rc., at 85% 105. First & certain restrictions. Car miles run
ref. mtge. contains Revenue passengers_ _ _ _182.180,767 172,233,341 161,467,727 154.928,785
"A"callable at 10234. Series 13" at
Series
74,634,030 69.344,828 64.643.636 60,789,807
sink. fd. provision calling for the retirement of $100,000 Series "A" each Transfers
year from 1915-24 incl. thereafter ranging from 2)4% annually of bonds Gross earnings
$9.046,492 $8,571,489 $8,025,758 87.687,895
'Incl., to 434% annually from Aug. 1945-49. incl. Operating expenses_ _ out from Aug. 1925-30,
4,146,431
3.868,876
3,681,093
3,601896
Int.; are secured by
V. 91, p._1332. Coll, trust notes are red. at 101 &out above.
0 first & ref. bonds not included in amount
Net earnings
81.273.00
$4,900,061 $4,702,613 $4,344,665 $4,085,999
Diridemds.-6% is being paid on preferred stock.
Other income
6,945
5,515
2,640
2,490
-For calendar years:
EARNINGS.
Total income
Interest
Balance,
Net
$4,907,006 $4.708,128 $4,347,305 $4,088,489
Exps., Maint.
Gross
Calendar
Charges.
Deductions
Surplus.
and Taxes. Earnings.
Year- Earnings.
8431,288
3490,102 Fixed charges and taxes- $2,987,468 $3,004,415 $2,919,686 $2,861.635
$921,390
3840,929
$1,762.319
1913
842,211
373,651
468,560 Extraordinary expend_
1,379,911
537,700
450,944
864,049
1912
530,226
-Operates street railway In Bakersfield. Operates power Depreciation
428,574
PROPERTY.
Eating,disc. on securs_
37,950
38.056
houses with 57,170 h.p. capacity. Operates 2.383 miles of transmission
Income bond interest,,.
560,000
560,000
560.000
&c. lines. Does gas business In Bakersfield. Merced and Selma.
-P., A. O. Balch* Sec., L. M. Common dividends__ -(4%)791,362 (3%)463.050
O'FFICERS.-Pres., W. G. Kerckhoff; V.
Farnham; Treas. & Comp., A.E. Peat; Gen. Mgr., A. G. Wishon.-V. 96.
Total deductions-- $4,907,006 $4,031.045 $3,930, 30 $3,725,684
p. 139, 558. 1093. 1368; V.97. p. 241.732; V.98, p.693, 1698, 1854; V.99.
Balance,surplus
None
$214,032
p. 174, 411.
$416.675
8362,80




ELECTRIC RAILWAYS

12

-P., Frank A.Furst;2d V.
OFFICERS.-Pres.,William A.House; V.
-P.,
and Gen. Mgr., Thos. A. Cross; Sec., William Early; Acting Treas., J. T.
Staub; Auditor, N. E. Stubbs.
-V.94, la. 418. 1058. 1179. 1187; V. 95,P•
95. 1124; V. 96. p. 1090. 1158. 1223. 1631. 1841: V. 97. is. 667. 952: V.
98, p. 157, 525, 1241, 1610, 1695, 1769, 1847, 1921, 1995; V. 99, p. 50.
(1) Baltimore Sparrows Point & Chesapeake RS
,
.
ORGANIZATION.
-In Jan. 1903 was leased for 999 years to the Un.
Rya. & Electric Co. of Baltimore, which guarantees the bonds below, both
as to principal and interest, and also owns all of the stock. See V. 79. p.
2643. Has 35 miles of single track,including a line 22 miles long connecting
Baltimore with the Maryland Stool Works at Sparrows' Point, and extending beyond along the shore of Chesapeake Bay, where summer resorts have
been established.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock. 32.000.000
$400.000
First mtge.. 32.000,000. gold i 1903
45i g F-A 2,000.000 Feb 1 1953
(e1.000) guaranteed. prin- Fidelity Trust Co_,. Baltimore, Trustee.
deal and Interest_ .c*tf Interest at Alex. Brown & Sons. Baltimore.
REPORT.
-Operations inc uded in United Rys. & Elec. V. SO. p. 221.
(2) Baltimore Halethorpe St Elkridge Ry.
ORGANIZATION.-Incorp. on Dec. 26 1905 in Maryland. Stock.
$100,000; outstanding. $10.000. Has made a 3300,000 mtg. ntf to Fidelity
Trust Co. of Baltimore, trustee. 20
-year 5% bonds. prin. and int., payable
at Alexander Brown & Sons. Bali.; not guar. by United Rys. & Elec. Co.
None out. Owns 2.964 miles of road, which is operated by United Rye. &
-V.87. p. 543.
Elec Co.
THE MARYLAND ELECTRIC RAILWAYS CO.
ORGANIZATION.
-In 1906 the charter of the Maryland Elec. By. was
acquired by Interests friendly to the United Rys. & Elec. for the purpose,
among others, of using that company to finance the needs of the United Eye.
& Elec. Co. for additional property, and charter amended by Legislature in
1906 to adapt it to that purpose. In Aug. 1906 was consolidated with the
Baltimore St Annapolis Short Line. which latter line has since been electrified. The Maryland Electric Rys, then acquired car-barn sites, terminals,
&c., and is erecting buildings, constructing extensions, purchasing equipment, &c.. which Is leased to the United By. & Electric Co. for an annual
rental of 6% upon the actual cost of the property. At maturity of the
$8.000,000 bonds uf The Maryland Elec. Rys., the United obligates itself
to purchase the property so leased at a sum sufficient to retire the bonds.
See plan in full in V. 8.3, 13. 156. There is no guaranty endorsed on bonds.
but the terms are such that rental will be more than sufficient to pay interest. Stock listed on Baltimore Stock Exchange in Feb. 1908.
STOCK AND BONDS- Date.
Interest. Outstanding. Meturl
Stock, $1.200.000 (350)31.200.000 July'08. 1 s
First mtge, $8,000,000, gold 1 1906 5 g A-0
4.489,000 Oct 1 19 1
($1,000). sinking fundestf'Mercantile Tr. & Dep. Co., Balt., Trustee.
Baltimore & Annapolis first 1 1908
5g F
-A
1.000,000 Aug 1 1946
mortgage. 31.000.000_ tf Fidelity Trust Co., Baltimore. Trustee.
Interest at Alex. Brown & Sons, Baltimsre.
Bonds.
-A sinking fund of 1 % on Maryland Elec. Ry. 1st mtge. bends
out began Mar.30 1910. Bonds are redeemable at 110 and int, on any Int.
date upon 90 days' notice. Interest payable at office of Alex. Brown &
Sons. See V. 83. p. 818. 970.
Dividends.
-First dividend (13-i %) was paid in Jan. 1907 and 2% was
paid July 1 1907. In 1908, Jan.. 1%;July. 1': none since to Sept. 1914.
ROAD.
-Operates 25.3 miles of track from Cliffords to Annapolis. which
has been converted to electricity. An extension known as the St. Paul St.
Bout. line was completed in 1907; it is leased to United Rye. & Elec. Co.
OFFICERS.-Pres., John Wilson Brown; V.
-P.. C. Loomis Allen; Sec..
Austin McLanahan: Treas.. Geo. May; Gen. Mgr.. T. O. Cherry.
-V.85,
p. 1577; V. 86, p. 337. 1159; V. 88. p. 686; V. 98, p. 1608, 1694, 1767.

BANGOR, ME.

[VOL. xcix.

V.84. p.338: V.87. p. 1009; V.89,P.777; V.92. p. 1374: V.93.
p.468.1724
V. 98. p. 1243. 1438.

BARRE, VT.
MONTPELIER & BARRE LIGHT & POWER CO.
ORGANIZATION.-Incorp.in Mass. on Nov. 12 1912
controlling interest in the Barre & Montpelier Trac. & Power and owns aowns
Co.
all the stock of the Consolidated Lighting Co., Vermont Power &Also
Corry-Deavitt-Frost Elec. Co. and Molly's Falls Elec. Lt. & P.Ltg. Co..
Feb 15 1913 the business of these companies was consolidated Co. On
to Consolidated Lighting Co. for 99 years from Feb. 1 1913. and leased
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Common 51,000,000($100)$1.000,000
Pref $1.310.000 ($1OO)cum- ---6%
1.306,700 Jly 14 $1.50
Barre & Montp Trac 1st MgI 1897
5 g M-N
100,000 Nov 1 1917
5100.000 ($500 eacn). not(Int. at American Tr. Co., Boston, trustee.
subject to call
e0 1
Consolidated Lighting Co____ ____ 5 3-3
700,000 Jan I 1926
Vermont Power & Ltg Co____ ____ 5 M-S
400,000 Mar 1 1927
Corry-Deavitt-Frost El Co__ _- 6 M-S
115.000 Mar 1 1930
Bonds.
-The above bonds of light and power companies are assumed
by the Montp.& Barre Lt.& Power Co. It was reported in
a the 31.215.000 outstanding bonds above $156,000 wereMay 1914 that
purchased by
sinking funds, leaving total out $1.059,000.
Divulends.-A div. of $2 50 was paid on the pref. stock Apr. 1 1913.
covering the 5 months from date of organization on Nov. 12 1912 to April 12
1913; $1 50 paid July 15; Oct., 31 50. In 1914, Jan., $1 50; April, 31 50;
July, $1 50.
-For year end. June 30 1914, gross, 3340,353; "net inEARNINGS.
come," $72,654.
ROAD.
-The Barre & Montpelier Trac. & Power Co. owns 9.1 miles
of track between Barre & Montpelier. 58-1b. T rail. Gauge 4 ft. 83f in.
OFFICERS.
-Ch. of Bd. of Directors,0. H. Tenney; Pres., A. B. Tenney; V.
-P., D.Edgar Manson; Gen. Mgr.,H.T.Sands; Clerk, H.P. Wood;
Treas.. E. A. Bradley; Asst. Treas. and Aud.. H. A. Glidney.-V. 95.
p. 1331; V. 97, P• 668.

BATON ROUGE, LA.
BATON ROUGE ELECTRIC CO.
ORGANIZATION, &c.
-Organized in Louisiana: does entire electric
ratisvsy, electric-lighting, power and gas business in Baton Rouge. Railway franchise expires 1940: gas 1942. electric-lighting and power 1988.
V.88. p.881.
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Common, 5500.000 (3100)3300.000
J-D
Pref. 3250,000 (3100) 6 -200,000 June'14.37
1st mortgage, $750.000. gold( 1909 5 F-A
410.500 Feb 1 1939
tf'Int. at Old Colony Trust Co., Boston.trustee
S1.000)-($500 and
Stock.
-Div.on pref. is cumulative after June 1912. Redeemable at 110.
Bonds.
-310.000 bonds 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 annum of bonds out began Feb. 11914.
Dividends.
-On pref.. 3% 9.-ann. from Dec. 1911 to and incl. June 1914.
EARNINGS.
-For 12 mos. ending June 30 1914, gross. $175,937; net.
after taxes, $61,055; interest. $21,154; sinking fund,$4,131; bal., $35,770.
ROAD.
-Operates 6.23 miles of track in form of a single belt =rouge
Baton Rouge; 13 cars: standard gauge.
OFFICERS.-Pres., Harry H. Hunt; V.
-Ps., Edw. Godchaux and Guy
L. Weymouth;Sec., Alvah K.Todd; Treas., Henry B.Sawyer; Gen. Mgrs.,
Stone & Webster Mgt. Ass'n; Mgr.. T. C. Keeling.
-V.84. p. 506: V. as.
P. 881; V. 89. p. 720.

BANGOR RAILWAY & ELECTRIC CO.
ORGANIZATION.-Incorp. Feb. 16 1905 in Maine and Ls a consolidaBEAUMONT, TEX.
tion of the Bangor Orono & Old Town By. Bangor Hampden & WinterEASTERN TEXAS ELECTRIC CO.
port By. Public Works Co., Old Town Electric Co., Brewer Water Co
ORGANIZATION.-Incorp.in Maine in Dec. 1911 and owns the stocks
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 and bonds of the Beaumont Electric Light & Power Co., Port Arthur Light
Bangor Power Co., also the entire capital stock, with the exception of one & Power Co. and Port Arthur Ice & Refrigerating Co., which do the entire
share, of the Bar Harbor & Union River Power Co., and all the capital electric-lighting and power business in Beaumont and Port Arthur and the
stock of the Orono Water Co. Owns and operates without competition the ice-manufacturing and refrigerating business in the latter city, and also of
electric railway lines in Bangor and Brewer and the lines connecting Bangor the Jefferson County Traction Co.. which in Dec. 1913 completed an interwith Hampden, Orono, Old Town, Charleston and intermediate towns. urban electric railway between Beaumont and Port Arthur,a distance of 20
Also the entire electric lighting and power business of Bangor, Old Town. miles. Franchises in Beaumont expire in 1963;in Port Arthur in 1943. The
Milford, Orono Brewer, Hampden, Yeast°, Kenduskeag and OrrIngton, interurban railway is chiefly on private right-of-way. In June 1913 purwith the exception of the municipal lighting in Bangor. and furnishes the chased the $800,000 stock and $200,000 of the $600.000 bonds of the Beauwater supply to Yeast°, Old Town, Stillwater. Milford, Great Works mont Traction Co.. with a view to operating that road in connection with
and Brewer. In addition to the above, the company, through its controlled the Jefferson County Traction Co. V. 96, p. 1629.
STOCKS AND BONDS. Date.
companies, does the entire electric lighting and power business In Ellsworth.
Interest. Outstanding. Maturity.
Blue Hill and on Mt. Desert Island. Also furnishes the water supply to Common,32.000.000 (3100)$1.400.000
Fretcum 52.000,000(3100)- _
6% 3-3
1,400.000
Ellsworth and Orono.
See text
800,000 Nov 1 1942
Franchises.
-Franchise for about 8 miles of track in Bangor expires in let mortgage collateral trust 1 1912 5 g M-N
gold( $500&$1.000)c5&r tf Int. at State St. Tr. Co., Boston, trustee.
1937; franchise covering operation of 2 miles of track In the city of Brewer
Coupon notes $500,000 gold 1913 6 g
500,000 July 1 1916
expires in 1940. All others are perpetual.
tf Int. at State St. Tr. Co., Boston. trustee.
MOO & 11.000)
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
5
400.000
1943
Common,32.000.000 ($100)32.000.000 Aug.',14.34% Beaumont Traction 1st MI 1909
$
W Interstate Trust & Banking Co.. Trustee.
Pref $1,500.000 7% cum($190
S6toc0T.Q°0
-Pref. stock is callable at 110. 350.000 in treasury (in addition
let cons M.gold. $2.000,000. 1905 5 g A-0
2%00 .
0
.000 April 1 194
'
tf Guaranty Trust Co., New York. Trustee. to amount shown above).
$500 $1 000)
Dividends.
-5% Is being paid on the preferred stock.
Pub Wks Co. 1st,gold.$600.Bonds.
-Authorized amount of bonds not limited. $400,000 in treasury
ett Int. at Old Colony Trust do.. Boston. True.
000 ($500. $1,000)
Bar Har & Un it Pow Co Isti 1907
5 M-8
283,000 Sept 1 1935 in addition to amount outstanding as above. Additional bonds may be
Issued for 75% of cost of acquisitions, impts., add'ns. &c., under certain
& ref.$2.000.000($1.000)cs Commercial Trust Co. Phila.. Trustee.
restrictions. Callable as a whole (or in part for ek. fd.) at 105 and int.
t
Bar Harbor Electric Light Co 1901
4Si M-N
100,000 May 1 1921 Sink. fd. 1% yearly of bonds out. begin. Nov. 11917. Coup, bonds in dentf Int. at Portland Nat. Bank. Portland, Me. nom. of $1.000 and $500 and reg, bonds of $5,000 and multiples. V. 95,
$100,000($500)
-year coup. notes are red. at 100 & int. on 30 days' notice.
Bangor Power Co. let mtge. 1911
See text
1,190,000 Sept 1 1931 D• 1745. The 3
$2.500.000
tf Int. at Union Trust Co., N. Y., Trustee.
EARNINGS.
-For 12 mos. ending June 30 1914, gross. $602,879; net.
Orono Water Co, first mort- 1905
4S4 J-J
60,000 July 1 1925 after taxes, $221.488; other income, $21,536; interest charges. $99,695;
gage. gold, not subject to Int. at Portland (Me.) Nat. Bank and Union balance. 3143,329.•
ntf
Safe Dep.ec Tr. Co.,Portland, Me.. Trus.
call ($500)
Property and Plants.
-The electric light and power generating plants serv-The first cense!. bonds are subject to call on 60 days' notice at ing Beaumont and Port Arthur have a present combined capacity of 7,940
Bonds.
107S & int. on any int. date Int. at office of trustee, N. Y., or Eastern h. p.: ice plant at Port Arthur, as recently enlarged, 75 tons of Ice per day;
Trust & Bkg. Co.Bangor. See particulars, bonds, property, &c., V. street railway in Beaumont operates 28.73 miles single track with 20
87. p. 1009. The'Public Works Co. bonds are not subject to call; V. cars and 6 other cars and power station of about 800 h. p. The motor
-mile
80, p. 2456. $934000 Bar Harbor & Union River Power Co. bonds have electric railway between Beaumont and Port Arthur was formally 20
opened
been issued, of which 3629,000 are deposited under Bangor By. & Elec. on Dec. 15 1913. V. 97. p. 1822.
let cons. M.. 516,000 are owned by that co. and 3283,000 in hands of
OFFICERS.-Pres., Marshall M. Phinney; V.
-P.. Guy L. Weymouth;
public. 56.000 In treas. of B. H.&U. R. P. Co. Of the remainder, $100,- Sec.. C. M. Clark: Treas., H. B. Sawyer. Gen, Mgrs., Stone & Webster
000 are reserved to retire Bar Harbor Elec. Lt. bonds and $966,000 for exten- Mgt. Assn.
-V. 93. p. 1791: V. 94, P. 1766; V. 95. P. 1210. 1745; V. 96.
sions. &c.,at 85% of cost ofsame. They are guar.. p.& i., by Bangor By.& P. 1827, 1629; V. 97, p.49. 1822.
Elec. Co. and are subiect to call at 107Si and int, on any Int, date on 60
days'notice. Int. at Merrill Tr. Co.,Bangor; also at J.& W.Seligman & Co.
BENTON HARBOR, MICH.
N.Y. Trustee of Bar Harbor Elec. Lt. Co. bonds is Union Safe Dep.& Tr.
Co.,Portland, Me. Of Bangor Pow.Co. 1st M.bonds.$750,000 Ser. A (all
BENTON HARBOR-ST. JOE RAILWAY & LIGHT CO.
out) bear int. at 4% to Sept. 11916; 434% to Sept. 1 1921 and 5% thereORGANIZATION.
-Incorporated in Michigan In Jan. 1906 and is a conafter to maturity. Series Ft. 31.750,000 auth.($1,000 0),$502,000 issued,
Harbor
of which $440.000 outstanding and 362,000 in treasury of Bangor By. St solidation of the Benton Traction& St. Joseph Electric By. & Light Co.
Co.
Elec. Co. and 31,248,000 reserved for extensions, betterments, &c., at 85% and the St. Joseph River
Date.
STOOK AND BONDS.
Interest. Outstanding. Maturity.
of cost of same. Subject to call at 105 and int. on any int. date 00 60 days'
notice. No sinking fund. Both series guar. p.& I. by Bangor Ry.& El. Co. Common ($100)
$800,000
6 F-A
400,000
Dtvidends.-5% per annum paid on the old stock (ail of one class) from Preferred. $400,000 ($100)_-- ---See text
0 00.000
0
Oct. 1 1905 to Oct. 1909, when 1Si% (quar.) was paid, which rate was con- Refund mtge 42.5 0
-N
400,000 June 1935
old Interest at Columbia Tr. Co., Loulsv.,trust.
c
($500 and
tinued to Oct. 1910. In 1911. 7%. In 1911 stock was increased and new
513 M-N
pref. stock was created, on which 1 Si% has been paid quer. from Jan. 1912 let cons M,S1,000.000, gold 1906
840,000 Nov 1 1935
c Int. at Columbia Tr. Co., Louisv., trustee.
to and incl. Oct. 1914. On common Initial d1v. of Si% was paid May 1
($500 and S1.000)
BH&SJEIRy&LIstM, 1900 5 gM-S
1914; Aug., Si %.
160.000 Sept 1 1920
LATEST EARNINGS.
*200.000. gold 41.0001- ilnt. at Am.Tr.& Say. Bank. Chic.. trustee.
-For 12 months ending June 30 1914. gross.
$782,952; net, after taxes, $417.951; interest, &c.. 5208,791; pref. div.,
-Of the $1.000.000 1st cons. bonds. $160.000 are reserved to reBonds.
$105.000; balance, $104,160.
tire prior liens. They are subject to call on any interest day at 105. The bds,
REPORT.
-For years ending Dec. 31. Pass. carried in '13, 7,008.475. of the old company after 1910 have a sinking fund of 310,000 per annum.
Calendar
Net (after Interest, Pref. Div. Balance, but bonds (sonnet be called. See V. 71. p. 1268; V. 72. p. 282. Of the ref.
Gross
YearEarnings. Taxes).
&c.
Surplus. bonds. 31.000.000 are reserved for prior liens.
(7%).
1913
3764.085 $417.573 $207,584 $105,000 3104.989
Dividends,-Pref. divs, at rate of 6% per annum are being paid.
1912
710,027
389.185
199.657
105,000
84,528
-For cal. year 1913, gross, 5396.936. net. $140.353. In
EARNINGS.
ROAD.-Operates 64.64 miles of track in Bangor and Brewer. Me ,
and 1912. gross. $363,988, net. 3135.431.
from Bangor to Hampden, to Orono, to Old Town and to Charleston.
Rails, 48 to 90-1b. girder and T standard gauge. 51 pass. and 26 freight
-Operates 16 ki miles of track in Bt. Joseph and Benton Harbor,
ROAD.
caris,_ 7 snow-plows and 1 sprinkler. Power stations have total capacity with extensions of 2434 miles through Eau Claire to Dowaglac and 10 miles
of 17.700 h. p.
to Paw Paw Lake. making a total of 51 miles. Is building an extension of
OFFICERS.-Pres., John It. Graham; V.
-P., Frank Stillman Jr.; Clerk 2
miles from Coloma to Watervleit. of which 2 miles is completed.
& Treas., Howard Corning. Under management of E. W. Clark &
60. 70 and 73-lb girder and T rails. 25 passenger and 13 other cars.




SEPT.. 1914.1

ELECTRIC RAILWAYS

13

OFFICERS.-Pres., C. K. NIlnary, Benton Harbor, Mich.; V.
-P., HenORGANIZATION.-Incorp. In Alabama with power to own, lease and
ning Chambers, Louisville, Ky.; Sec., L. W. Botts, Louisville; Gen. Mgr.. operate electric railroads and general railroads for transportation of mall,
H.C.Mason,Benton Harbor.
express, freight and passengers, also to supply current for lighting and
-V.82.P.333power purposes. Operates under 99
-year franchise through Greater Birmingham, which covers the transportation of freight. Will operate In
BIDDEFORD, ME.
Bessemer under perpetual franchise and, where there are no franchises. on
BIDDEFORD & SACO RR.
private right of way. When line Is completed to Bessemer and Pratt City
-A trolley road.
0ItGANIZATION.-Incorporated Feb. 19 1887.
freight service will be inaugurated. has arranged for physical connections
STOC K AND BONDS
Interest. Outstanding. Maturity. with all the steam railroads entering Greater Birmingham.
Date.
3100.000 Apr,'14.3%
Stock ($50i$100,000
i
A-0
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
150.000 June 1 1940 Common, $3,000,000
lit mort 300.000 ($1,000)0 190
1 g .1-13
I
$3.000.000
gold c*, o s f but can be Interest at Portland Trust Co.. Portland, Preferred. 31.500.0001.500.000
called in 1920
1st NI $3,500,000 g ($1,000.) 1911
Me.. trustee.
tf
5 M-S
2.050,000 Mar 1 1941
EARNINGS.
$3500 and $100)
-For fiscal years ending June 30:
c* tf(Int at Equitable Trust Co., N. Y.. Trustee
YearBonds.
Int- &c. Dividends. Surplus.
Gross.
Net.
-Remaining $850.000 bonds may be issued for extensions, bet$6,000
$7,980
1913-14
$9,067 terments.
$70,619
$23,047
subj. to call at 105 and accrued int. on Mar. 1 1921 or any
6.000
1912-13 .
15,224 int. date thereafter.
73,664
28.996
Saco. Biddeford and Old
aco.
ROAD.
ROAD.
e.
-Operates 8 miles of track between
-Operates 28 miles of track from the eastern limits of Greater
Orchard Beach.
Birmingham (East Lake) through the centre of the city of Birmingham to
OFFICERS.-President. C. H. Prescott, Biddeford; Secretary and Ensley. Remaining 11 miles between Bessemer and Pratt City are expected
to be completed in 1914. 85
Treasurer. E. F. Lord.
-V.70. p. 1048: V. 73. p. 494.
-lb. steel rails; standard gauge. Ras 25
P A-Y-E steel coaches, 30 dump cars. 12 flat cars. 4 box cars, 8 steel gondola cars. 3 electric
-motor freight cars. &c.. &c.
BINGHAMTON, N. Y.
p. 1156. 1363; V. 97, p. 363; V. 99, p. 673. 747,-V. 95. p. 749; V. 96.
814.
-A trolley road.
BINOHAMTON RAILWAY CO.
OFFICERS.-Pres., J. H. Morris; Sec. & Treas., Richard A. Tausig.
ORGANIZATION.
-Is a consolidation Sept. 30 1901 of the Binghamton
consolidation of all street railways In
RR.Co.(chartered Aug. 11 1892 as a
city) and the Bing. Lestershire & Union RR. Principal franchises granted
BLUFFTON, IND.
by special Acts of Legislature, and are rrerpetual and practically exclusive.
MARION Sc BLUFFTON TRACTION CO.
-The N. Y. State P. S. Comm.
Purchase by Scranton & Binghamton RR.
-A trolley road.
ORGANIZATION.-Incorp. in Indiana June 1914 as a reorganization
on Feb. 26 1914 auth. the purchase of a majority of the $978.995 stock
by the Scranton & Binghamton RR. (a projected line of 62 miles from of the old Marion Bluffton & Eastern Trac. Co.. sold under foreclosure in
Scranton. Pa., to Binghamton. N. Y.. of which 21 miles in operation from V'eb. 1914. The old company was placed in receivership as a result of
Scranton to Nicholson) at 60: over 90% of the stock has been deposited a head-on collision on July 7 1912 in which four persons were killed and 60
with the First Nat. Bank of Binghamton. See V. 98. P. 522 and 525. 837 or more injured (V. 95. p. 297).
STOCK AND BONDS- Date.
and 840.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity. Stock $216,000 ($100)______
3216.000
-A
4F
First mZe gold 31.000)-....1 1914
$978,995
See text
Stock. $1.150.000 ($100)----5 g J-J
504.000 July 1 1934
Sink. d. 1% per annum, lint. at Fletcher Say.& Tr. Co-Indianap.,Tr.
Binghamton RR Co mtge 1893
ee text
g EAR INGS.-Gross. $122.821; net, $46.562.
$900,000, g ($1,000)--c tf Int. at Metropol. Tr. Co., N. Y., Trustee.
5 g J-D
ROAD.
147,000 June 1 1925
Bing Lest & un 1st M 3250,- 1895
-Operates 51 miles of track (including 19 miles from Bluffton to
0091, gold, principal and Interest at Metropolitan Trust, New York Geneva, leased), between Marion, where connection Is made with Union
tf
Trac. Co. of Ind. lines and Ind. Rye. & Light Co., and Bluffton, Ind., conBinghamton Trust Co.. Trustee.
interest guar
5 g M-N
1.378,000 Nov 1 1931 necting there with Ft. Wayne & Northern Indiana Trac. and Union Trac.
ding By 1st consol mtge,$2.- 1901
509,990 gold 41.000)Ott Int. at Fidelity Trust Co., Buffalo, Trustee, Co. of Ind. Standard gauge. 70-lb. T rail.
or Seaboard National Bank, New York.
OFFICERS.-Pres., James W. Sale; Secretary, W. A. Patten: Treas..
-The bonds of 1893 mature $5,000 yearly 1910 to 1917; $10,000 Dile Lock. V. 98, p. 1920; V. 99, p. 196.
Bonds.
yearly 1918 to 1922 and balance Sept. 1 1923. Of the Binghamton Ry. 1st
(1) Bluffton Geneva & Celina Traction Co.
-A trolley road.
consol. mtge., enough are reserved to retire underlying bonds and the reORGANIZATION, &C.
-Organized in Indiana In 1907. Private right
mainder for acquisitions, extols., arc.. under careful restrictions. They are
of way. Wasleased July 1 1910to the(old) Marion Blafften & Eastern Trac.
call at 110& int. See V. 73. p.1312; V. 78. p.701; V.88,p. 748.
sub. to
Dividends.
-2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% April 11 Stock, $450.000 corn., $225.000(5% cum.
-J.
-J.) pref. Road 19 miles of
1904 and 2% April 10 1905. A scrip dividend of 20% was paid April 15 track between Bluffton and Geneva through Vera Cruz and Linn Grove.
-P., A. G. Briggs; Sec., G. S. Markley; Treas..
%• In 1907. 23%. In 1908, 215 %L. In 1909,Sept.. Pres., H. C. Arnold; V.
1905. In 1906.
,
%• In 1911. Sept.. 3%. In 1912 and 1913, W.A. Kunkel; Aud.& Purch. Agt., James S. Clark.
%• In 1910. Sept..
4%. In 1914, Feb., 2%. None since. We were officially informed in
July 1914 that "no dividends can be declared for two years." V.99, p. 269.
--Operates 48 miles of track. Connects Binghamton with
BOISE CITY, IDAHO.
ROAD.
Lestershier, Hooper, Endicott, Union and Port Dickinson. Standard
IDAHO RAILWAY. Lr.:iHT dc POWER CO.
-lb. T and girder rial; 75 motor cars and 27 trail cars.
gauge.60-lb. to 103
ORGANIZATION.-Incorp. In Maine In 1912 with 320.000.000 com•
-For year ending Dec. 31 1913, gross, $445,508; net.
EARNINGS.
8138,265; int. & taxes, $121.173; surplus, $17.091. In 1912. gross. $425.- and $10,000.000 6% cum. pref. stock to acquire the following properties:
Boise & Interurban Ry.
!Caldwell Power Co.
028; net. $194,928; int. & taxes, $116,119; surplus, $78,809.
OFFICERS.-Pres.. G. T. Rogers; V.
-P., Geo. W. Dunn: Asst. Sec.. Boise RE., Ltd
!Dewey Elec. Lt. & Pow. Co.. Ltd.
!Swan Falls Power Co.
\V. H. Hecox; Treas., E. M. White; Gen. Mgr.. C. S. Banghart. Office, Boise Valley Ry.
In March 1913 Idaho By Lt. & Pow, owned the following securities of
Binghamton, N. Y.
-V.88.p. 748; V.90. p.770; V. 91, p. 275; V.93. p.
Idaho-Oregon Lt. & Pow. Co.: $718.000 let dc ref. 58. $854.000 consol.
665. 1190. 1785; V. 94. p. 205. 349, 1117: V. 95, p. 360; V. 98, p. 522, 837; the & ref.
1st
6s; notes (secured by 3500.000 consol. 1st & ref.
V. 99. p. 269.
pref. stock. 32.148,400, and common stock, 86.415.100. 6s). 3250.000:
plan of
adjustment and merger of the Idaho-Oregon Lt. & Pow. Co. A drawn rewas
up
BIRMINGHAM, ALA.
(see V . 96. p. 1091) but late in 1913 the plan was abandoned. V.97. p.I736.
BIRMINGHAM RY. LIGHT & POWER.
Receivership.
-Judge
U.S. District Court at Boise, Idaho.
Controlled by the American Cities Co.(see under "New Orleans"), which on Dee. 23 1913 placedDietrich of theIn
the property
the hands of Gen. Mgr. O. G
owns 89 11% of the common and 79.16% of the preferred stock.
Markhus, as receiver.
traction properties are operated through
ORGANIZATION.
--Consolidation on June 13 1901 of the Birmingham the Idaho Traction Co..The lessees
as
Gas Co., the Consolidated Electric Light Co. and the Birmingham Ry., Co. The traction properties are thusfor the Idaho By., Light & Power
affected by
Light & Power Co. Owns and operates the greater part of the street rail- ship, although they may be includednot directly 98. p. 73. the receiverlater. V.
The Idahoway, gel and electric-light and power business of Birmingham and all the Oregon Lt. & Pow. Co. is in the hands of separate receivers.
principal near-by cities and towns. Franchises covering gas, electric-light
On Aug. 1 1914 the company or interests affiliated with it, it is reported.
and power business and street railway lines are, with some unimportant ex- made payment on its behalf of the first installment of
due
ceptions, stated to be perpetual. Owns and operates a steam-heating plant the contract for the purchase of the Idaho Power & Lt. $100,00099, under
Co. V.
p. 816.
in Birmingham. Has a contract with the Alabama Power Co. by which the
BONDSDate.
Interest. Outstanding.
Maturity..
latter furnishes electricity for operating the railways and also for light and
First and refunding mtge__ 5%
36,670.000
1951
power service in Birmingham. V. 98, p. 1691.
let M
5 g A-0
1,073,000
1936
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Boise & lot f&sub 35,000,0001 1896
g($1,000)s
to call.cdcr
Common ($100). $3.900,000__
J-D
$3.900.000 June'14,3% Boise RR Ltd first mortgage Int. at Colonial Trust Co., I'ittsb., Trustee..
1906
389.000 Dec 1 1936
5%
3,500.000 June'14.3%
Pref(S100)33,900.0006% cum
J
-D
Int. at Germantown Tr, Co., Phila., Trustee
3750.000
Birmingham By & El 1st M g 1894
909,000 July 2 1924
5g
PROPERTY.
-Railways comprise 85 miles of track (incl. 21.30
1,250 000
• Int. at Central Trust Co., N. Y. Birming- miles in
Boise) extending from Boise to Caldwell, Boise to Nampa, and
Not subject to call.
ham Tr. & Say. Co., Birmingham, True.
-ft. 5
-span bridge over Boise
Gen M, ref, $10,000,000, 1904
41i e A-0 8,720.000 April 1 1954 from Nampa to Caldwell. Also owns a 550
gold ($1.000)
c* Int. at Commercial
-Germania Tr.& Say.Bk., River and a freight terminal and city passenger terminal and office building
New Orl.. Trus.,or at N.Y.Tr.Co.. N.Y. In Boise. Hydro-electric plant on Snake River about 27 miles southwest of
Ref & eaten M $25,000,000 1907 6 g M-N
3.744.000 May 1 1957 Boise. present capacity 4,900 k. w.; ultimatedevelopment of about 10.200
.000) gold sink. fund_c* Interest at Old Colony Trust Co., Boston. k. w. See V. 94. p. 1626.-V. 94, p. 1626: V. 95, p. 236, 480; V. 96. p.
1089, 1629 or 1632: V.97. p. 298 or 299. 1118. 1204 or 1206. 1733 and 1736,
subjectcall,
Trustee, and N. Y. agency of company.
Debenture notes, $2,500.0001 1913 6 g
1,476.000 July 1 1915 1826; V. 98. p. 73; V. 99, p. 816.
($1.000)
cfBankers' Trust Co.. N. Y., Trustee.
Bands.
-Of the new $25,000.000 bonds. $9,629.000 are
liens. $1.200,000 for the cost of new power house if first reserved for prior
BOSTON, MASS,
$10327,000 for 80% of the cost of additions if. the notlien on same, and
BOSTON ELEVATED RAILWAY.
earnings
times the int. on all bonds outstanding, incl. those to be issued,and are 155
provided
ORGANIZATION.
10% of gross earnings have been expended for maintenance
-Charter granted in 1897 provides
within previous system of free transfers. The company also, in addition for an extensive
12 months. The directors may make the rate of int, on
succeeding install- railway taxes, has to pay . of 1% of gross "earnings ofto regular street
ments not to exceed 6%. Sinking fund of
4
7
all lines owned.
3 of 1%
Sept. 11918. Bonds purchased lobe held alive and of bonds out commences leased or operated by it," and a sum equal to the excess of the dividends
int,thereon re-Invested. over 6%. Its charter, however, is understood
details of bonds, property. &c.. see V.
For
to "grant it exemption from
87. p. 1603. Of the gen. M.of reduction of fares, and also other
1901.00 more bonds can 13e issued. Sinking fund of
immunities." (See Massachusetts BE.
14 of 1% of bonds out Commission, V.65, p. 1223.) Elevated cars run with electricity
begins Aug 1 1924. The bonds are sub, to call at 105 & int. on
by "thirdany int.
day on 60 days' notice. For 1st Ers of 1894 $12,500 per ann. Is pay. Into rail" system; surface lines by trolley. Six miles of elevated road opened in
a sink. fd. $341,000 have been canceled. • The 6% debenture gold notes June 1901; in Aug. 1901 put In operation the Atlantic Ave. Loop Division.
Extensions.
-An extension of the elevated road to Forest Hills was put In
are red at 101 and int. on any Int. date. Not more than $3,744.000 Ref.
& F.xt. Mtge. bonds shall be outstanding during life of these notes. V. operation Nov. 22 1909; V. 89. p. 1410. On June 1 1912 put in operation
the East Cambridge elev. extension,extending from
97, p 363.
Lechmere
.
bridge, through the West End of Boston,to North Station, Sq • E• CamDiridends.-First div. on pref, stock. of 3%, paid in Jan.
V. 94,
1902, and 3%
On April 29 1903 leased from the Old Colony Street Ry.(now p. 1565.
has been paid El -a. since then, to and Incl. June 1914:00 corn. stock In 1903.
merged in
3%,• in 1904 4%; In 1905. 4%; in 1906, 5%; in 1907 and 1908, none; in the Bay State St. Ry.) all that company's tracks in the city of Boston.
amounting to 23.753 miles. The lease is
2%.• in 1910. 5%; in 1911, 7%; in 1912, 8%; in 1913. 6%.
In besides paying taxes the Elevated Co. will for 99 ears and provides that
1914 Tune, 3%;
rosy 614% of replacement value
(appraised at 3353.979, less the rental of cert
REPORT.
-For calendar years:
short pieces of track
appraised at $13,866) of the property leased as of date Feb.
Gross
Net after
Interest and
16 1903. and
cost
Earns.
Taxes.
Year0th. deductions. Surplus. 4% on the West of all additions and betterments.
Lease of
End and Subway and Tunnels.
$3.214,338
$1,134,079
1911 .
-The West End Street By.
$669,781
$464.298 Is leased until June 10 1922.
3.005.888
1912
1.213.772
597.385
616.387
In Dec. 1896 the West End Street Ry.leased the right to use
2.819.586
1.120.720
the Tremont
1911
554.809
565,910 Street subway in Boston. See
terms under West End Street Ry.
1910 1,120,862. 2
On Dec. 24 1904 the East Boston
878.625
535.311
1909 -2.286.369
343.314 leased by the Boston Elevated By.untiltunnel (under Boston Harbor) was
r...ssengers carried in 1913. 47.610.747. against 46.000.782 In 1912.
June 10 1922for a rental of 1i of 1%
ROAD.-Operates over 151 miles of single track in cities of Birmingham, of earnings of all lines owned, leased or operated. The company also collects a toll
Bessemer and in Jefferson County. Standard gauge. All but 26 miles 70 extension of lc. per Person, which goes to the city: but under the general
of contracts made in
to 100-1b. T and girder rails. Owns 250 passenger, 68 freight and 25 mis- June 10 1922. The tunnel was1911, thLs provision will be eliminated after
opened Dec. 30 1904. It extends from the
cellaneous cars. Total, 343.
OFFICERS.-Pres., J. S. Pevear; V.
-Ps., Lee C. Bradley, Birmingham, main land to East Boston. 1.4 miles, and cost $3.500.000.
On June 28 1902 Wasnington Street Subway bill became a
law. The city
and Geo. Bullock, N. Y.; Sec.. J. P. Ross; Treas.. Theo. H. Rabe; (len. has constructed a tunnel for
elevated trains and leased same to the Boston
Mgr., J. P. II. de Windt.
-V.93. p. 104, 1724: V. 96, p. 61. 1020, 1772, Elevated By. for 25
years at an annual rental of 414%
1838; V. 97. p. 363; V.98, p. 1535, 1691.
struction, which up to April 1 1914 was $7,910,471 of total cost of connet. V. 88. p. 98.
Proposition was ratified by voters at Dec. 1902 election.
V.75. p. 28. 496,
BIRMINGHAM ENSLEY & BESSEMER RR.
1315: V.
Default.-Int. due Sept. 1 1914 on the $2,650.000 bonds of 1911 was operation77. p. 2097; V. 82, p. 217. The Washington Street tunnel began
defaulted. V. 99. p. 673. Two bondholders' protective committees have modifying Nov. 30 1908. V. 87. p. 1477. In 1907 an Act was passed
plans somewhat, and permitting Boston Transit
been formed. One, with Chas. H. Zehnder as Chairman, urges the de- construct a subway to be known
Commission
as the Riverbank Subway, but this to
posit of bonds with the Empire Tr. Co.,42 B'way, N. Y. C.,and the other. repealed in 1911.
was
with Jos. R. Donaldson as Sec., 53 Congress St., Boston. requests bondSubways in Cambridge.
-In June 1906 a measure was passed by
holders to take no action until further investigation. See V. 99. p. 814. chusetts Legislature.
the Massaand
digest of circular to bondholders. V. 99, p. 747. W. I. Ross. for- construct two subways becamea law. which permits the Boston Elev. to
See also
in Cambridge, and to
merly Superintendent of the road, has been appointed receiver.
the cost. At the end of 20 years the city of issue stock or bonds to meet
Cambridge is to have the right

p




ELECTRIC RAILWAYS.

14

plus
to purchase these subways by paying their costthese 7% interest, less divisubways in company's
dends. V.83, p. 93. See remarks concerning
on
report for 1906, as given in V. 84, p. 155. Workthe subways was begun
with
Mass. RR. Comm.
Aug. 12 1909. The company in 1908 filedaggregate of
$10,639,278. See
preliminary estimates of the cost,showing an
V. 87, p. 1662. On Jan. 4 1912 the first through train was run in the new
subway: it was opened for public travel Mar. 23 1912. V. 94, p. 1185.
-In July
New Construction of Subways and Old Contracts to be Extended.
1911 Mass. Legislature passed an Act (accepted by the city and Bost. Elev.
In Sept. 1911) providing for the construction by the city of three additional
subways, viz., Dorchester Tunnel. Boylston St. Subway and East Boston
Tunnel extensions and the extension of all existing contracts until July 1
1936. the date to which contracts for new lines are to run. Annual rental
after expiration of old contracts to be as follows: Tremont St. Subway
(see under West End),4X% on net cost; East Boston tunnel (now expiring
June 10 1922). 434% on net cost (provision for tolls from passengers using
the tunnel eliminated for extension period); Washington St. tunnel (now
expiring Nov. 30 1933), 434% on net cost. Annual rental for new lines:
Cambridge connection,for first 20 years, 434% on net cost; thereafter 434%
on net cost; Dorchester and Boylston tunnels and East Boston tunnel extension, 434% on net cost. The Act also provides that all contracts are to
continue after July 1 1936 until terminated by a two-years' notice by either
party. The various new leases and extensions of old leases were signed by
the parties thereto on Dec. 7 1911. V. 93, p. 1785.
The construction of the Dorchester Tunnel, which is to be an extension
of the Cambridge subway, was begun on May 30 1912, and construction
on the East Boston Tunnel extension was started on Nov. 29 1912. It is
expected that the Boylston St. subway (as far as the Public Garden) will
be in service some time in Oct. 1914.
-In Aug. 1902 Judge Mason, in the Superior Court
Damages by Noise.
at Boston, held that the company is liable for damages from noise caused
operation of trains. V. 75, p. 496. This was affirmed April 1903
by the
by Massachusetts Supreme Court. V. 76. p. 809.
-The strike of conductors and motormen, which began June 7
Strike.
1912. was ended July 29 1912, the company having agreed not to discriminate between union and non-union men. V. 95, p. 296.
-On June 9 1914 a bill was
Bill for Merger of Boston Electric Railways.
submitted to the committees of the Mass. Legislature on street railways
and metropolitan affairs, sitting as one body, for the merger of the various
transportation systems of the metropolitan district of Boston under the title
of the Commonwealth Electric By. The measure, it was stated, was the
result of conferences between the Boston Elevated By. and the Bay State
Street By. interests. The bill states that the company is authorized to
acquire, own or operate the whole or any part of the properties of any or
all street railway companies now located within the metropolitan district,
the Boston Elevated By. and the Boston Revere Beach & Lynn RR., and
to electrify and widen the gauge of the last-named road. On June 18 1914
a sub-committee was appointed to prepare a resolution placing the plan for
a'merger of the three companies named in the hands of the Public Service
Commission for investigation, a report to be made to the Legislature in
1915. See V. 98, ID. 1844, 1920. It is understood that the Boston Revere
Beach & Lynn interests oppose the plan.
-At midnight Jan. 15 1914 the board of arbitrators
Wage Increase Award.
granted the company's car men an increase of wages, retroactive to May 1
1913,also shorter hours,&c. For surface car men the advance in maximum
rate per hour is from 28.9 to 32 cts., elevated motormen from 36.3 to 34 cts..
&c. The award, It is said, will cost the company about $300,000 the first
year, 1400,000 the 2d and $500,000 the 3d year. V. 98. p. 385. On account of this award the company reduced its dividend rate from 6%
annually to 4%.
Consolidation with West End Street Ry.-In July 1911 Massachusetts
Legislature passed an Act (signed by the Governor on July 211911) superseding that approved May 28 1908_(V. 86. p. 917. 1342). permitting the
consolidation of Boston Elev. and West End St. By. at the expiration of
the present lease. on June 10 1922. 8% cum. 1st pref. stock of 13ost. Elev.
(having the ordinary voting powers, but not "entitled to participate in any
Increase or issue of new stock,corn, or pref."), to be issued,$ for 1,for West
End pref. and 7% cum. (or 8% if arbitrators so decide) 2d pref. (having
all voting powers without exception) for cons, stock of West End. After
the issue of the new pref. shares no other stock to be issued "prior or equal
to such 1st pref. and 2d prof. stock without the consent of two-thirds of the
holders ofsuch stocks,respectively." The Act also provides that the Street
By.shall forthwith sell to the Elev. Co. all unused real estate, the proceeds
not exceeding $1,500,000 to be invested as a special trust fund and to accurnulateuntilJune 10 1922. Thereafter the annual income thereof shall bo
applied to cancellation of 2d pref. stock. When all the 2d pref. has been
retired than said fund shall be applied by the Elevated By. Co. to any
purpose for which stock and bonds can legally be issued. See terms of Act
Elev. and West
In V.93, p. 344. Shareholders of both the Bostonand the latter onEnd St.
Sept.6
By.approved the Act; the former on Aug. 24 1911 and pref. stock may on
P. 666. Holders of West End cora, Elevated By.common.
1911. V. 93.
their stock at par for
or before June 10 1922 exchange
exchange
After June 10 1922 holders of Bost. Elev. 1st or 28 pref. may
of
their stock for an equal amount at par to Bost. Elev. common.
test the constitutionality of the
brought
On Sept. 5 1911. in a suit
the demurrer of
Merger Act, Judge Colt in U. S. District Court sustained merger. V.95.
prevent the
the West End St. By.and dismissed the suit to
a West End shareholder in France on Dec.31
p.618. New suit brought by
1913. See V. 98. 13• 74.
an issue of $1,000.000
The Mass. P. S. Comm. in May 1914 sanctioned new working capital
with
bonds for the purpose of supplying the company bonds have not been sold
The
under provisions of Chap. 485, Acts 1909.
deferred until present financial condiand it is understood the sale will be
tions improve.
Data. Interest. Outstanding. Maturity.
STOCK AND BONDS123,879.400 Aug '14.1
Quer
Stock.$23,950,000 ($100)-___ ---M-N
8,500.000 May 1 19
Debentures. gold-c&r_ntfj 1905 4 gTrust Co.. Boston. Registrar.
10Id Colony
4.800.000 Oct 1 1937
cdtr_ntf 1907
gold
Debentures.
5.000.000 Nov 1 1941
4 M-N
Debentures,gold___cs&r*_ntf 1911
4,000.000 Dec 1 1942
Debentures,gold-cs&r*_ntf 1912 5 -D
-The coupon bonds are in denominations of $500 and $1,000
Bonds.
and registered bonds of all
(except 1911 issue, which are for 11,000 only), $10,000 and 150.000.
Issues are in denominations of $1.000. $5.000. Commission sanctioned
In Dec. 1908 the Massachusetts Railroad
$6.650,000 additional stock (raising stock to $19,950,000)at $110 per share,
subway and for the construction of the
to defray the cost of the Cambridge
p.
West End elevated lines. V. 87. p.
East Cambridge and increased its stock from $19,950.000 1662; V. 88.
to $23.950.000
1372. In Dec. 1912
to subscribe for new stock at $105 per
and offered stockholders the right
-year bonds
share. V.95,P. 1272; V.96. p 61. Also issued $4,000.000 30 P. 1273,
floating debt, &c. V. 95,
for construction, equipment, funding
1606.
-First div.. 23(%. was paid Aug. 15 1898. In 1899. 534%:
Dividends.
in 1902 to 1913 inclusive. 6% yearly: in
In 1900, 434%; in 1901. 539%; 2% was paid. In July 1914 it was deFeb.
1914 rate was reduced and in of 134% quarterly, thus restoring the old 6%
cided to pay dividends at rate
Aug. 134% was paid.
rate (V. 99, p. 341). and In
-Report of Boston Elevated Ry. for year ending
ANNUAL REPORT.
June 30 1913 in V. 97. p. 1354
Year end. 9 Mos. end.
Year end.
Year end.
June 30'13. June 30'12. June 30'11. June 30'10.
57.784,319 54,790,173 54.647,196 39.296,522
run
Revenue miles
310,310,009 305,098,665 220,127.890
Revenue pass. carried-326,352,863
Eat nings'
16 268.607 15,467,352 15.199.971 10.984441
Passenger
261.182
435.994
436:695
540.302
Malls, rents, adv., &c
16.808,909 15,904,047 15,635.965 11.245,623
Total
3.924.226
5,516.901
4,927.413
5,673,328
Net earnings
138,064
39.070
52,508
50.419
Int. on deposits,&c
24.180
69.460
69,460
Int. from secure. owned.
135,998
281.492
496.527
34,141
Int. charged to construe.
5,400
Miscellaneous
4,198.288
5,861,643
5.545,908
5.832.748
Total
Deductions-510,135
716,180
725.593
762.610
Int.on West End debt_ _
468.032
662.261
1613,839
986,680
Taxes, West End
342,418
437,462
1454,750
Eiev__ _1
Taxes, Boston
Taxes on earnings and
106,239
145,109
153.159
U.S.corporation tax.. a141.342




4q A-o

[VOL. xcix.

Year end. Year end. Year end. 9 Mos. end.
June 30'13. June 30'12. June 30'11. June 30'10.
185,740
188,068
185,305
Rental of subway
138.623
1,387.710
Divs.on West End stock 1.392.969
967.808
1,358,848
9.180
9,180
6.885
Divs.on Som. Horse Ry.
9,180
56,040
56,529
,&c.
36,278
Rent.Old C.St. By.
59.054
887,807
706.000
Int.on Bos.El.ftmd.debt
417.000
556.000
131,033
207.700
Int, on unfunded debt
340,500
370,256
324,000
255,000
Wash't'n St. tunnel rent
60.575
58,782
41,674
East Boston tunnel rent
57.783
68.409
18.204
Camb'dge Connect. rent
4.840,539
4.511,182
Total deductions---- 5,132,125
3,290,092
700.623
705,368
1,350,461
908.196
Balance
() 197,000(434)897,750
().
Dividends
(6) 1.197.000 6 1 197,000 6 1,
Balance for year

def.496.377 def.491,632 sur.153.461 Sur. 10,446

a No United States corporation tax included in 1913
Road June 30 1913.
Miles.Mites.
418.485
Main 1st track(13.399m."L")241.403 Owned by West End
Main 2d track(13.179m."L")207,532 Leases.trlege,&c.(35.018"L ') 92.503
Sidings, &c.(8.440 m."L").. 62.053
- Total (incl. 35.018 "L") 510.988
518.393
Total (incl. 35.018 m."L")510.988 Electrically equipped
70 to 150 lbs. Cars, 3,783: horses. 237: electric
Weight of girder rails is
.
motors. 7.45.3 snow plows. 286; snow sleds. 620; misc. vehicles. 460.
-Ps., Charles S. Sergeant
OFFICERS.-Pres., William A. Bancroft: V.
and Matthew C. Brush: Treas.. Henry L. Wilson: Sec.. Henry S. Lyons;
-V.94, p. 67. 1185, 1565: V. 95, p. 296, 618, 1121,
Aud., J. Henry Neal.
1272,1400. 1402. 1606: V. 96. p. 61; V. 97, p. 727,883, 1354; V. 08, P.
385, 761, 1459, 1844; V. 99, p. 341, 747.
Compantet Controlled by Boston Elevated Railway Co.
-A trolley road.
(I) West End Street Railway.
-Leased to Boston Elevated By. until June 10 1922
ORGANIZATION.
at 7% on common and 8% on preferred in addition to the payment of
rentals, interest and other charges. Elevated assumed possession Jan. 1
1898. See terms in V. 65. p. 1223. Consolidation authorized with the
Boston Elevated By. See particulars under latter company.
In Dec. 1896 leased the right to use the Tremont Street subway at 434%
Sept. 1898, when the
of its net cost, stated approximately as $5,786,000 inis
1 2-3 miles, with a
third and last section was opened. Entire length
trackage of about 5 miles. See V. 63. p. 1065. 1117; V. 67. p. 528. See
of contract and new construction.
Bost. Elev. for extension
On Feb. 13 1913 the Mass. RR.Comm.granted permission to Issue $600.-year 5% bonds and $280.000 additional cap. stock to repay the
000 20
Boston Elevated for improvements. V.95. p. 1609; V.96. p.489.655.
1539,000 of the $600,000 bonds were sold in April 1914 (V. 98, p. 1317)
and the $280,000 stock was sold at auction at $66 77 per $50 share. of
On Feb. 5 1914 the Mass. RR. Commission sanctioned the issue
of 4345 duo March 11914.
$2.000.000 5% bonds to refund the same amountissued for refunding bonds
bonds
V. 98, p. 454. 612, 691. The 12,000,000&c., is all one issue (see bonds in
due in 1914 and the $539,000 for impts.,
table).
Interest. Outstanding. Maturity
STOOK AND BONDS- Date. 7 A-0
$13,010.150 Oct '14. 3
Corn stock ($50) 112,730.150- -___
6.400,000 July'14,4
8 J-J
Preferred ($50) $6,400.0002,539,000 Mar 11944
1E4 5 m-5
5% bonds of 1914
815.000 May 1 1916
Gold bonds of 1896. $2.275.-j 1896 4 g M-N
ntf
not mortgage
000
-A
2,700,000 Feb 1 1917
or 1897, $2,790,- 1897 4 g F
Gold bonds
000 not mortgage_ --c- ntf
4,743,000 Aug 1 1915
Currency bonds (11,000) not( 1900 4 F-A
c ntf Interest at Old Colony Trust Co., Boston.
mortgage
5,709.000 Aug 1 1932
-A
cs-nt 1902 4 F
Bonds ($1.000)
700.000 Jan 1 1923
4341J-J
Bonds ($700.000)-__alcr_ntf 1908
1,601.000 July 1 1930
c&r_ntf 1910 4 J-J
Bonds ($1.000)
600.000 Nov 1 1932
ntf 1912 5 -N
Bonds
on all
Bands.-WIth the exception of 1900 issue (noted above), interest
issues is payable at American Trust Co.. Boston.
Dexter.OFFICERS.-Pres., Joseph B. Russell; Treas. Parkman
'
V. 98, p. 489, 655; V. 97, p. 1505. 1585, 1735; V. 98. p.74, 238,454. 612.
691. 1246. 1317.
(2) Somerville Horse RR.
End Street Ry.
Owns 8.03 miles of track. Leased to West payable M.& N.for 19,180
in Boston.
-6% on 1153.000 stock. Dividends are
yearly
-A trolley system.
SUBURBAN ELECTRIC COMPANIES.
BOSTON
ORGANIZATION.-This company is a voluntary association formed in
ConNov. 1901 on the same lines as the Mass. Electric Companies. Onto
trols through stock ownership the Middlesex & Boston Street Ry. Ry.,
which the Natick & Cochituate St. Ry., the Westboro St Hopkin at. St.
the Newton & Boa. St. Ry.. the Newton St By. and the Lex. & Boston
By. have been merged). In 1902 purchased Norumbega Park and Lexington Park. In 1908 Massachusetts RR. Comm.sustained action increasing
fares on several of the subsidiary lines from 5 to 6 cents. V. 87, p. 345.
Has acquired freight rights in several of the towns along its lines
-Shares have no par value, but In case of liquidation the preSTOCK.
ferred shareholders will be entitled to $100 per snare, with accrued dividends,
common shares participating pro rata in the remaining assets. (See
the
V.73. p. 1159. 1263.) In 1904 15.635 shares of preferred and 15,635 shares
of common were offered to shareholders at $66 67 for one share of pref. and
one share of common jointly. Listed on Boston Stock Exch,In Apr. 1905.
On May 22 1913 the stockholders authorized the cancellation of the 32,387
shares of cum. pref. stock outstanding and the issue of notes in place of
s
ame, holders having the option of taking cash or notes for their stock.
V. 96. p. 1487.
Date.
Interest. Outstanding. Maturity.
50,296 sh.
Common stock
32,387 sh. July15 1431
04
Preferred stock,$4 per sh,corn.
1,100,800 Dec 1 1919
Coupon notes. $2.000,0001 1909 4 JD
($100,$500 and $1,000)-__'Interest at Boston Safe Deposit & Trust Co.
Notes 12.000,000
obliga -The 1909 notes are not specially secured, but are simple9 years
Notes.
tion.s of the association, subject to call on any interest date on 60 days•
11914; thereafter at 1023. V. 89, p. 1068.
notice at 105 before Dec.
ROAD.-Companies owned and controlled operate in the aggregate about
north, and
131 miles of track from Needham on the south to Lowell on the
connecting at five points with the tracks of the Boston Elevated By. At
connection is made with the Worcester Consolidated. July
Westboro
1902
Dividends.-FIrst of 11 on preferred paid April 1902; also $1
12; in 1906, $2 75:
and $1 Oct. 1902. In 1903. $4; in 1904,$2 50; in 1905,In Oct. 1908 dive.
Jan., April and July 1908 div. passed.
In 1907, $3.
1910 to 1912, incl.. 24. in
resumed, and paid 75 cents. In 1909, 13. InIn 1914. Jan.,$1; April, v.;
Oct., $1.
1913, Jan.. $1; April. 11; July. to July 11914. $10.
dividends
July. El. Arrears of
-For year ending June 30 1914: Income, gross, $177,840;
REPORT.
net, $127,943; dividends, $127,610: surplus, $333.
-P., Sydney Harwood; Treas.,
OFFICERS.-Pres.. Adams D. Clafiln; V.
-V.90,p.
M.Cox.
Chas. W.Smith; Sec.,A.A.Ballantine; Asst. Treas., G. 1487; V. 97, p. 49:
281; V. 95. p. 817; V. 96. p.
53; V. 91, p. 37; V. 94, p.
V. 99, p. 747.
(1) Middlesex & Boston Street Ry.-Trolley.
Middlethe
ORGAN IZAT1ON.-Organized in 1907 and took over has Southacquired
since
1 1907, and
sex Street By. sold at receivers' sale July St. By.. the Natick & Coc.hituWestborough & Hopkinton
and merged the
Waltham St.
ate St. By.(V. 87, p. 1420). the Newton St. By.(into which Ave.St. Ry.
By.had been merged,and which had acquired Commonwealth
p. 778, and the Newton & Boston
,
and Wellesley & Boston St. Ry.), V. 89.
Commission granted
St. Ry.(V. 89. p. 993). On May 9 191 Mass. RR. Boston St. By. and
&
permission to absorb by consolidation the Lexington of absorbed company;
Issue $525,000 stock In exchange $ for $ for stock
V. 94. p. 1317.
decision sustaining NewOn Aug. 1 1908 Mass. RR. Commission gave ato charge one cent extra
-cent fares and
ton St. Ry.'8 right to charge 6
p 345.
5 cents) for each transfer issued. See V. 87, (for an
(beyond the ordinary
Boston the right
In Aug. 1909 Comm.granted the Middlesex &
(beyond the regular
experimental period of one year)to charge one cent extra was continued for
privilege
S cents) for each transfer issued; in Aug. 1910 again extended and is still
another year and in Aug. 1911 privilege was

BEPT., 1914.1

ELECTRIC RAILWAYS

in force. On July 3 1914 the company petitioned the Mass. P. S. Comm.
for authority to increase the ordinary fare charge of 5 cents and 1 cent additional for transfers, to 6 cents with 1 cent for transfers, which was to have
been effective Aug.3 1914, but the increase was suspended until Oct. 1 1914.
The increase in fare is proposed to meet the higher wages and to pay up
retroactive wage increases to date. See V. 99, p. 120, 343.
Interest. Outstanding. Maturity,
STOCK AND BONDS- Date,
$1.987.000 In 1913. 4%
Stock. $1,987.000
1.408.000 Jan 1 1932
First and ref M, $5,000,000 1912 4
J-J
gold ($1,000)
Int. at Boston Safe Dep. & Tr. Co., trustee.
c
75.000 Feb 1 1916
5 g to-A
Commonwealth Ave 1st tinge 1896
$75,000 ($500) gold____c* Int. at Internat. Tr. Co., Boston, trustee.
500,000 July 1 1920
Lex & Bost 1st M,$500,000, 1900 4)4 g A-0
Fs ($1,000),callable 105_ _c* Interest at Beacon Trust Co.,Boston.trustee
1,344.588
Current liabilities J une 30 19r
Bonds.
-Of the 1st & ref. bonds, $75.000, are reserved to retire underlying bonds and $3,517.000 are for add'ns, exten. and impts. Callable on
any int. day on 30 days' notice as follows: Jan. 1 1917 to july 11921,incl.,
at 107S and int.; Jan. 1 1922 to July 1 1926 incl., at 105 and int.; Jan. 1
1927 to July 1 1931 incl., at 10214 and int. V. 94.p. 351.
EARNINGS.
-For year ending June 30 1913. gross. $941,235: net, after
taxes, $243,269; charges, $163.343; divs.(4%).$79,480; surplus. $446.
ROAD.
-Owns 95.904 miles of track in Newton. Waltham, Watertown, Natick. Wellesley. Framingham. Hopkinton Needham Westboro.
Sherburn, ‘Vayland, Belmont and Ashland, connecting with the Worcester
Consolidated Street By.. the Boston Elevated By. (at 4 points), &c.
owns 32.356
Forms a link in a through line from Boston to Worcester. Alsofrom Arlingmites of track, leases 0.745 mile; total, 33.101 miles, extending
of Boston Elev. system) through Lexington and Bedton Heights (terminus
ford to Billerica, where cars go through to Lowell without change, and also
the Boston Elev. Ry., with
to the Sullivan Square. Charlestown. station oftrack
owned. 128.254 miles.
branches to Waltham and to Concerd. Total
264 pass. and 14 work cars: 26 snow plows and sweepers. 60 to 75-1b. T
and 95-lb. girder ralls.-V. 89, p. 778. 993: V. 93, p. 731, 1787; V. 94, p.
207, 351, 1317: V. 97. p. 237; V. 99, p. 120, 343.
-Street railways.
MASSACHUSETTS ELECTRIC COMPANIES.
(See Map an page 16.)
0RGAN IZATION.-Formed In May 1899. Is not an incorporated
company. but a voluntary as.ociation managed by a board of fifteen trustees, who hold the title to its assets. The trust runs for 21 years, or until
June 29 1920. at which time the affairs of the Association are to be liquidated (the pref.shares having a first claim upon the assets for $100 pershare
together with all unpaid accumulations of dividends) unless prior to that
time,at a meeting called for that purpose, two-thirds of the shares then outstanding shall vote to continue Its existence. V. 97. p. 1823. Messrs. E.
Rollins Morse & Br. and Tucker. Anthony & Co. of Boston. who promoted the combination,in June 1899, in offering some of the stock for joublic subscription ($1,000 of pref. and $500 com, was offered for $1,050),
stated that "the Declaration of Trust contains strict provisions against the
creation of any indebtedmr whereby any shareholder or trustee can be held
Comprised originally between 30 and 40 septo any personal liability.
arate properties, but through consolidation there is now only one operating
namely, the Bay State St. By., whose entire common stock is
company,
owned by the Massachusetts Electric Cos. The Hyde Park Electic Lt. Co..
formerly owned, was sold on Jan.3 1912 to Edison Elec. Illum. Co. of Boaton, but in Mar. 1912 the Bay State St. By. bought back the power station.
The system comprises electric street railway lines in 22 cities and 69
towns in Eastern Massachusetts and New Hampshire and Rhode Island,
covering the greater part of the street railway mileage north of Boston
as far as Nashua, N. H., and Newburyport and Gloucester, Mass., and
south as far as Fall River and New Bedford, Mass., and Newport, R. I.,
connecting directly with the street railway system of Boston. also an electric
lighting property in Newport, R. I.
-On Jan. 5 1912 pref. sharePayment of Accrued Dios. on Pref. Stock.
holders were offered $3,649,000 in negotiable warrants for additional pref.
stock, to represent accrued dividends of 173i% on pref. shares. New pref.
shares issued July 11912. V. 93,P. 1462; V.94, p.68.
On March 4 1913 the shareholders auth. the trustees to sell and dispose of
any or all the pref.shares of the Bay State St. By. which theyWght acquire
during the year 1913 and to pledge certain shares of that company's stock
as security for the 2-yr. gold coupon notes issued to refund in part the notes
due July 1 1913. V. 96. p. 716.
-The share capital is represented by certificates
STOCK AND BONDS.
of participation which give the owners a proportionate interest in the shares
held by the trustees. Both classes of shares are reported exempt from taxation in Massachusetts. Com, stock and stamped pref. stock listed on
Boston Stock Exchange. The balance sheet of the controlled Bay Slate St. fly.
shows funded debt June 30 1914. $23.477,000, and notes for amounts due
Mass. Elec. Cos., $1,550,000.
Outstanding. Dividends.
Rate.
Date.
$14.293,100
Common stock. par $100
(914,293.100)
24.123.162 July'14, 2%
par $100 4% __-- 4 J-J
Pref. stock,
cum ($24,206.400)
3,100,000 May 1 1915
Coll trust coupon notes. gold 1913 5 g M-N
oston, Trustee.
($1,000) $3,500,000-c*c ptiOld Colony Trust
Co..Of the common stock
The 1913 coupon notes are secured by a majority
of the Bay State St. By. V. 96, p. 1298. Red. on any int. date on 30
days' notice at a price at which the note, if held to maturity. would net the
holder 3)4% per annum; int, computed semi-annually.
REPORT.
-Report for the year ending Sept. 30 1913 (see "Chronicle"
Dec. 13 1913. p. 1730). shows receipts from dive.. $1,133,293; from int. on
notes, &c., $71,433: total, $1,204,726; expenses, $32,451;
$171.561:
dim. $968.256; surp.. $32.458; prey. stup., $2,761,810: total surp.,$2.hit..
794,268; from this was deducted$47.269 net debits. leaving surplusSept.30
1913. $2.746.999.
DIVIDENDS.
-First div, on pref. stock, 2%,was paid Dec. 11899; also
2% June 1 1900. Div, period then changed to J&J and 2 1-3% paid Jan.
1901; July 1901, 2%; in 1902, 4%; in 1903, 4.7: in 1904, 4%. The Jan.
0
1905 dividend was passed and none paid until Jan. 1909, when 1% paid;
July
an ‘7111%p 15 7V 1n 1A.
V.
.. 9 . 79, 021444456 n V. 1 1;p . 1 1 lt7
7 V.
8 44 1646; v
5
. 1
:
In
July, 2%. See above for payment of accrued diva. of 17)4%. In 1913
and 1914. 4%.
-The Bay State St. Ry. owna858.827 miles and leases 65.909
ROAD. &c.
miles, a total of 924.736 m. of main line; owns and operates 2.063 cars.
Power capacity 49 engines, 43,775 h.p., and 53 generators. 29.755 k.w.;
9 turbines. 18,600 h.p.and 12,500 k.w.
-P. Charles E. Cotting; Sec..
OFFICERS.-Pres, Gordon Abbott: V.
Everett W. Burdett: Treas.. J. H. Goodspeed; Gen. Mgr., P. F. Sullivan;
Auditor, It. H. Read. Executive Committee: Philip Dexter, ChairGen.
man; Gordon Abbott, Charles Francis Adams 24, Galen L. Stone, Percy
,
Parker, Philip L. Saltonstall and Charles E. Cotting. Office, 84 State St.
Boston. V.92. p. 118, 1181, 1500; V.93,9. 105, 1462. 1597, 1787: V.94
p. 68; V.95, p. 618, 750, 113, 1403. 1537: V. 96. p. 230. 653, 716, 1089.
1298; V. 97, p. 1662. 1730, 1823; V. 98. p. 1460, 1920.
-(See Map on page 16.)
(1) Bay State Street Ry.-An electric road.
ORGANIZATION.-This was the Lynn & Boston RR.(incorp. in Mass.
April 6 1859), but on July 23 1901 name changed to Boston & Northern
St. By. and on Aug.8 1911 name was again changed to present title. The
following companies have been absorbed from time to time. The latest of
these absorptions was in June 1911. when the Boa. & Nor, took over the
Old Colony and issued 7,787 shares of pref. and 80.041 shares of corn in
exchange for like amount of Old Col. Street By. stock.
Hanover Street By.
Beverly & Danvers.
Haverhill & Andover.
Boston Milton & Brockton.
Haverhill Georgetown & Danvers.
Braintree & Weymouth.
Hingham Street Ky.
Bridgew. Whitman & Rockland.
Lawrence & Reading.
Brockton Bridgew. & Taunton.
Lowell & Woburn.
Brockton & East Bridgewater.
Lowell Lawrence & Haverhill.
Dighton Somerset & Swansea.
Lowell & Suburban.
East Side Brockton & Holbrook.
Middleton & Danvers.
GeorgetowdRowley & Ipswich.
Mystic Valley.
Globe Street By.
Needham & Boston.
Gloucester Essex & Beverly.
New Bedford Middleb. & Brockton.
Gloucester & Rockport.
Norfolk Central.
Gloucester Street By.




15

Norfolk Suburban,
Salem & Wakefield.
North Woburn.
South Shore & Boston.
Old Colony St
Street By,
Taunton & Brockton.
Providence & Taunton.
Taunton Street By.
Quincy & Boston.
Wakefield & Stoneham.
Reading & Lowell.
West Roxbury & Roslindate.
Reading Wakefield & Lynfield.
Whitman Street By.
Rockland &
Woburn & Reading.
Rockport Street By. •
In 1907 obtained permission to do a freight business in a majority of the
towns along its lines south of Boston,and is now handling express and freight
by trolley over a considerable percentage of this track. In Sept. 1911
Mass. RR. Commission granted authority to carry coal in car-load lots or
less in Dracut, Methuen Middletown and North Andover.
In Sept. 1912 signed a contract by which the Boston Elevated will take
the company's express cars and bring them into Boston over the former's
lines to a freight terminal. V. 95,9. 1123.
MIL for Merger of Boston Electric Railways.
-See Boston Elevated By.
and V.98, p. 1844, 1920.
Decision regarding carrying children for half
-fare.
-In May 1912 the full
bench of Mass. Supreme Court sustained the constitutionality of Chap. 576.
Acts of 1911. providing that street railways shall carry school children under 16 years of age forhalf fare. V.94. p. 1507.
Lease.
-In 1903 th e Boston Elevated By. leased all of the track of the
former Old Colony Street By. (now a part of the Bay State St. Ry.) In
the city of Boston for 99 years. The lease provides for the payment of all
taxes and also 6)4% on replacement value (appraised at $353.979, less the
rental of certain short pieces of track appraised at $13,866) of property
leased as of date Feb. 16 1903. and 4% on all additions and betterments.
STOCKS AND BONDS- Date. Interest. Outstanding. Last dio.,&c
Stock co ninon (par $100)_
$20.517,200 June'14. 2K
1st pref MOO)6% cum
2,748,600 Aug '14.3%
Serial notes. $2.000.000c:af- 1917 5 114"--1.
2
1,975 000 See text
J-m
Aj
American Trust Co., Boston.
Dos & Nor ref mtge.$15,000,- In 914est4agt
t
Boston,.(4704.1:0 0 JulyT uslt9e.354.
000. gold ($1.000) _c*_ ntf Int. at American Trust
Trustee,
Lynn & Boston 1st mtge. g, 1894 5 g J-D
3.723.000 Dec 1 1924
$5,379,000 41,000) c*-ntf Int. at Old Colony Tr. Co., Boston. Trustee.
G R & I 1st mtge ($1,000), 1900 5g J-13
180,000 June 1 1920
9180,000, gold
tf Interest at City Trust Co., Boston, Trustee.
H 0 & D 1st mtge
ntf 1899
5
35.000 Mch 1 1919
Lynn & B coup $405,000„ - t? 1897 6 A-0
405,000 April 1 1917
Gloucester Es',c & Bev 1st M, 1896 5 g J-D
$125.000($1.000),g_ciii_ntf Interest at Amer. Tr. Co 5 00 DeeTrustee
.
12;13os n, l 19l6
.
0to
Wakefield & Stoneham 1st 1895 5 g M-S
150.000 Mch 1 1915
mtge. $150,000, gold c_ ntf
The last issue is redeemable at 105. Int. at Am.Trust Co., Boston, Trus.
The Mystic Valley St. By. has out $60,000 gold 54. due Jan. 1 1919.
The Rockport St. By. has outstanding $12,500 6% coupon notes due
Oct. 15 1916. Interest payable April and October.
The Gloucester & Rockport has outstanding 310,000 6% coupon notes
dated Feb. 1 1895 and due Feb. 1 1915.
Lowell Lawrence & Haverhill.
BONDSInterest, Outstanding. Maturity.
t5gj
Lowell Lawrence & Haverhill 11)a9
8fe3
$739.000 June 1 1923
1st mtge. $1,900,000, gold, Subj. to call for the sink, fund at 105 & int.
$1,000
Int. at Am j-Jan Trust Co.. Boston, Trustee.
ui 8 5erie
9
People's St Ry, West
64,000 Jan 1 1928
bury. Mass. first mortgage Interest at State Street Trust Co.. Boston.
bonds, assumed
ntf
OLD COLONY STREET RY. SECURITIES.
BONDSDate,
Interest. Outstanding. Maturity.
Ref mtge. $10.000,000, gold,1 1904
4 g J-J
$6,183,000 July 1 1954
- -------c _nt Int. at Old Colony Tr. Co., Boston, Trustee.
Brocliton (Consoll St By 1st 1894
5 g A-0
689.000 Oct 1 1924
mart. 3750,000,gold
ntf Int. at State Tr. Co.. callable at 105 & int.
Boston Milton & Brockton I 1899
5 J-J
100.000 July 1 1919
1st mtge. $100,000
ntf Int. at Internat. Tr. Co.. Boston, Trustee.
Brock Bridegwat & Taunton) 1897
5g F
-A
200.000 Aug 1 1917
lst M g,$200,000($1.000)}Int. at Amer. Tr. Co.. Boston. Trustee.
c*
ntfi
Brock & E Bridgewater. 1st 1898 5 g F-A
30.000 Feb 1 1918
mtge, gold, $3 .000
ntf Int. at American Tr. Co. Boston, Trustee.
Taunton & Brockton first 1897
5 F-A
100
Aug 1 1917
mortgage, 5100.000- -ntf Int. at State Street Tr. Co., Boston, trustee.
325,000 Jan 1 1920
N Bedford M'dleboro &Brock 1900 5 g
1st M,$325,000 ($1,000). Int. at American Tr. Co., Boston. Trustee.
go d__
ntf
Of the $10,000.000 Old Colony St. By.ref. mtge.. $2.508,000 are reserved
for prior liens. Remaining bonds can only be issued for 50% of cost or
additional& impets. These bonds are not subject to call. V. 93. p. 1784.
Globe Street Railway Securities.
Date.
Interest
Outstanding. Maturity.
5g J-D
$78,000 Dec 1 191.5
Dighton Somerset & Swan{ 1896
bonds, $125,000, gold. s f, Int. at International Tr, Co.. Boston, True.
Sinking fund is $3,000 a year.
ntf
red 105 ($1,000)
150,000 Sept 1 1918
Prov & Taunton St By 1st gl 1898 5 g M-S
($1.000),auth,$200,000.ntfj American Trust Co.. Boston. Trustee.
South Shore & Boston Street Railway Securities.
Date.
Interest. Outstanding. Maturity.
$335,000 Aug 1 1919
Bonds, 1st M ($1,000). gold, 1899 5 F-A
American TrustCo., Boston, Trustee.
g
$1,000,000
80,000 Mar 1 1917
1st l89a75
Braintree & Weymouth n f ilt t Am
mtge, gold, $80,000
ntf Int. at Internat. Tr. Co., Boston, Trustee.
Bridgewater Whit & Rock. 1897 5 g 3I-N
85.000 Nov 1 1917
1st mtge. 6, $1,000 c*-ntt Interest at American Trust Co., Boston.
Rockland & Abington, 1st 1895 6 g M-N
100,000 May 1 1915
mtge, $100,000. goldc*ntf Int. at Old Colony Tr. Co., Boston, Trustee.
West Roxbury & Roslindale Street Railway Bonds.
Date.
Interest. Outstanding. Maturity.
1st M.$150,000. g.s f($500),1 1896
5 g M-S
$117.500 Sept 1 1916
red at 103
c*-ntf lInt, at Internat. Trust Co., Boston, Trustee.
Nort Cent lst M,gold. $100.- 1898 5 g J-J
30.000 July 1 1918
000. subject to call____ntf Int. at Internat. Trust Co., Boston, Trustee.
Stock and Bonds.
-By the terms of purchase of Old Colony by Boston &
Nor. the pref. stockholders of both companies became 1st pref. stockholders
of the Bay State St. Ry. Pref. stock is subj. to call at 120. Listed on
Boston Stock Exch. Of the $15,000,000 Boston & Nor. bonds. $5,293.000
are reserved to retire prior liens. Remaining bonds can be issued only for
50% of cost of additions and improvements. These bonds have no sinking
fund and are not subject to call. V.93. P• 1784. Of the $5,379 000 1st M
.
bonds of the Lynn & Boston RR., $1.656,000 have been canceled. The
coupon notes of 1912 mature Aug. 15 as follows: 1913 (paid). $25.000:
1914.$31,000; 1915,837,000; 1916.$43.000; 1917.$50.000: 1918,$57.000;
1919.864.000: 1920.$72,000; 1921,$80.000: 1922.888,000; 1923.$97.000:
1924. $106.000: 1925, $116.000; 1926, $126,000: 1927. $136.000: 1928.
$148,000; 1929.8160,000; 1930.8174.000; 1931.$1880/0: 1932.3202.000.
V. 95. p. 618.
DIVIDENDS.
-Initial div. on Bay State St. By. com.-3%-pald
Dec. 30 1911: in 1912,June.2%;Dec..3%;in 1913, June,2)4%;Dec.,3%,
In 1914, June, 2K%•
ROAD.
-See description under Mass. Elec. Cos. above.
INCOME ACCOUNT OF BAY STATE STREET RY.-For fiscal year
ending June 30:
1913-14.
1912-13.
1911-12.
1910-11.
Earnings
$9,695,249 $9.462,251 $9,116.202 $8,881,521
Expenses
6,363,969
6,109.511
5,806,410
5.557,304
Net earnings
83,331.280 $3,352,740 $3,309,792 83.324,217
2.006.984
1.914,902
Charges
1.840,329
1,838.579
Divisible income
$1,324,296 $1,437,838 $1,469,463 $1,485,638
Dividends
1,242.0691 1,253,762
1,077.681
1,169,090
Balance
$82,227
$184.076
$391,782
$316,548

RE

NO. ANDOVER

TTSK. of C. Club

Hoe
RYE VILLAGE
ARNUM'S LANDING

TYNOSORO
Vesper County Club

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Milligans
Westford NO. LERICA
Grove
WILMINGTON
CENTER,

NO.CHELMSFOR

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EXPLANATION
Boston 8: Northern and
Old Colony Street Railway Companies' Routes
Routes of other Street
Railways
DUDLEY ST
'FOREST HILLS
OSLINDALE
BURT

So. Ft amIngham
Westboro
Ashland

°'•
Westwood
Westwoo ark
ELLIS
NORWOOD
NORWOOD CENTRA'
WINSL S

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READ
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Race T l
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HINGHAM
HiNGHAM CENTER
LOWER PLAIN
AUTO
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LIBERTY PLAIN,
ACCORD
1,
ft(fIlogGeElif(lLGroue
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SPANN.
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MASSACHUSETTS
"RHODE ISLAND
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Dighton Rock
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litliw.ansea SOMERSET
POTTERSVILLE
SWANSEA

Icasketu

BAY STATE
STREET RAILWAY
COMPANY
(Massachusetts Electric Companies.)

SEPT., 1914.1

ELECTRIC RAILWAYS

OFFICERS.-Pres., Patrick F. Sullivan, Boston; V.
-P.& Treas.. C. R
Rockwell; V.
-P. & Gen. Mgr., R. S. Goff.
-V.84. p. 995: V. 86, P. 720
1223; V.93,p. 104,285, 1724. 1784: V.94.10. 1055, 1507; V.95. p. 175.360
418, 543, 618. 678; V. 96.P. 200. 789, 1838; V. 98. p. 72, 761, 1391. 1458
1535, 1844, 1992.
(a) Boston & Chelsea RR.
-Owns 4.352 miles of main track. Leased
to Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to 6% on
5121.000 stock, payable A. & 0.
(b) Boston Fe Revere Electric Street RY.
ORGANIZATION.-Incorp. June 24 1889. Owns 3.711 miles of main
track. Leased from July 1 1895 for 99 years to Lynn & Boston (now Bay
State Street Ry.), which guarantees interest on the $50,000 mtge. of 1908
and dividends on $50,000 stock from July 1 1898 at 5% per annum.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
550.000 See text
Stock (par $100)
5 J-J
50,000 Sept 1 1928
Boston & Revere Elec St Ryl 1908
5 g M-S
$50.000 gold (51.000) _c*lint. at American Trust Co.. Boston, Trustee.
called on any interest date
Bonds.
-No sinking fund, but bonds may be
on six weeks' notice.
(c) East Middlesex Street Ry.
ORGANIZATION -Owns 19.251 miles of main track. Leased May 1
1893 to Lynn & Boston (now Bay State St. Ry.) for 99 years at a rental till
May 1 1896 of $18.000 yearly in addition to fixed charges: then till May 1
1901 324.000 yearly: and for remainder of lease $30,000 yearly. Eight
Per cent dive. had been paid, but on May 1 1901 were increased to 10%•
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$297.700 See text
10
Stock ($100). 5300,000------5 51-S120.000 Sept 1 1918
Plain bonds. int. guar. (end.)_ 1898
100.000 Jan 1 1922
Plain bonds. Int guar (end)-- 1902 4 J-J
Interest at Old Colony Trust Co.. Boston.
The lessee in the lease agreed to stamp both issues of the bonds with a
-principal is not guaranteed.
-V.67. p. 482.
guaranty of the interest
(d) Nashua Street Railway.-TrolleY.
ORGANIZATION.-Incorp. Aug. 141885. Owns 15.941 miles of main
track. Oa July 1 1900 was leased to the Lowell & Suburban for 99 years.
and lease now runs to Bay State Street By.
-Dividends are payable Jan. and July at the rate of 4% in 1901.
Rental.
5% in 1902 and 6% for the remaining 98 years of lease.
STOCK, BONDS.&C.- Date.
Interest. Outstanding. Div.& Mat.
$325,000 See text
Stock. 5325.000 (Par 5100)4 g A-0
First mortgage. 5150,0001 1901
150.000 Oct 1 1931
Ott Int. at Old Colony To. Co., Boston. Trustee.
($1.000). gold
Bonds.-Entlre issue may e called at 105 and accrued interest.
(e) Winnisimmet (Street) RR.
ORGANIZATION.
-Owns 2.085 miles of main track. Leased to the
Lynn & Boston for 999 years from 1880 at $3,000 per annum. Capital stock
Is $50.000; par $50. Dividends in 1894 to 1913. incl.. 6% Per annum.
(I) Newport & Fall River Street Ry.
ORGANIZATION.
-Organized by special Act on Feb. 23 1898. July 1
1900 consolidated with Newport St. Ry. Has also consolidated with Newport Illuminating Co. Embraces 20.569 m. of main track in and between
Newport and Fall River; also electric lighting. Was leased on July 1 1901
for 99 years to the Old Colony St. By.(since merged in Boston & Northern,
now the Bay State St. Ry.)for a rental of6% per annum and int. on bonds.
The Mass. Elec. Companies disposed of its holdings in Feb. 1902.
Interest. Outstanding, Maturity.
STOCK. BONDS,ETC.- Date.
4
$950,000 See text.
Stock, par $100
Newport & Fall River 1st 1898 5 P-A
240.000 Aug 1 1918
tt American Trust Co., Boston, Trustee.
mortgage
Consol mortgage. 21.000.000, 1904 44 J-J
573.000 July 1 1954
c*&rtf Int. at Am. Trust Co., Boston, Trustee.
gold (51.000)
Newport Illuminating Co 2d ____
mortgage, gold
tf Central Trust Co. New Wok, Trustee.
-Of the remaining consol. mtge. bonds, $304.000 are reserved to
Bonds.
*
retire prior liens and $123.000 for future additions at 50% of cost. Not
redeemable. V.79. p. 213. 501, 1462.
BOSTON & WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.
-This is a voluntary association organized under a
trust agreement dated Dec. 29 1902. Its property consists of the entire corn.
stock,$140.000 1st mtge. bonds and 2175.000"notes payable" of the Boston
& Worcester St. Ry. It has issued 33,9364% emu. pref. shares and 34,614
corn, shares, no par value; but in case of liquidation pref.shares receive 8100
each before the participation of common. In Jan. 1905 was listed on Boston Stock Exchange. Stock was increased to present amount by the issue
In July 1906 of 6,000 shares common and 6,000 pref., which was offered to
shareholders at $105 for a block of $100 pref. plus $100 corn.
REPORT.-For year to June 30 1914(V.99, p.815): Dividends received
from B.& W. St. By. stock, 355.687; misc. income, 315,350: total incame,
$71,037; expenses, 31,714; pref. div., $67.872: surplus, $1,451.
DIVIDENDS.
-First div. on pref. stock, $2. paid July 11904; $2 Jan.
1905 and 32 July 11905: in 1906, $4; in 1907. $4: in 1908, 54: in 1909. 52;
in 1910. Jan.. 51; none to Jan. 1912, when $1 was paid:•July, 51; in 1913.
Jan., 31: July. $1; in 1914. Jan.. $1; July, $1.
OFFICERS.-Pres.. William M. Butler; V.
-P., A. E. Childs; Sec. &
Treas. George A. 13utman. V. 89. P. 1662: V. 90. p. 1674: V. 91. p. 1764;
V 91;p. 795, 1018. 1667; V. 95, p. 749, 815; V. 99. p. 815.
Boston & Worcester Street Ry,-Trolley.
ORGANIZATION.
-Incorporated in Massachusetts on Nov. 16 1901.
eranchise perpetual.
Owns the Framingham Union Street
ingham Southborough & Marlborough Street Ry. and the Ry., FramMarlborough
& e'ramIngham St. By. In March 1907 Mass.
RR.
right to do an express and freight business over entire Commission granted
line.
On Feb. 21 1911 Mass. RR. Comm. auth. an
($100) pref. stock (auth. by stockholders Feb. issue of $397,200 6% cum.
2 1911). of which 8297.000
was used to retire like amount of common
issued in 1910
remainder (397.000 issued) to be used to fund floating (V.90, p. 625) and
debt. V.92. p. 394.
525,659, 724.
In Nov. 1912 made a contract with the Boston
Elevated Ry. for the
operation of express cars over that company's tracks to the
freight express
terminal on Harrison Ave.
pares -.-In 1909 single fare
,
unit raised from Sc. to 6c.
STOCK AND BONDSDate. Interest. Outstanding. Maturity.
Stock. corn (5100)
52.025,000 Jne'14,14
Pref. $397.200 4100)6% cum.
M-S
397.200 Sept'14, 3
Bost & Wor 1st mortgage.$2.-1 1903 44 g F
-A
2.400,000 Aug 1 1923
500,000. gold ($1.000)c'tf(Interest at American Trust Co., Boa., Trus.
5
Fram So & Marl 1st mtg tr) _ _
60.000 Jan 1 1919
tinier - at American Trust Co., Boa.. Trim.
est
Notes payable July I 1914
200.000
•$1'75,000 of this amount held by B. & W. Electric Cos.
Dividends.
-On pref. 3% semi-ann. since issued. On corn, paid 3%
•
July 1904; also 3% semi-ann. until Dec. 1908, when 134% was paid. In
1909. June. 134%: in 1910, Jan.. 1 4%;In 1911, Dec., 1%;in 1912. June.
134%; Dec., 14%. In 1913, June, 14%; Dec., 14%. In 1914,
June. I %•
REPORT -For year ending June 30 1914. gross, $716,935: net. 5251,859; int. & taxes, $167,363; diva. paid, $79,519; surplus. $4,977.
ROAD.
-Owns and operates 83.17 miles of track.a considerable portion
over private right of way, between Boston and Worcester. including an
extension to Natick. Rails. 75
-lb. Has 79 cars.
OFFICERS.-Pres. William M. Butler: V.-P., A. E. Childs; Sec. and
Treas., Geo. A. Buumin.-V. 90, P. 625. 770; V. 91. p. 869, 1628; V. 92.
p. 394, 525, 659. 724; V. 96. p. 1020, 1421.

$7

Securities Owned (Stone & Webster Properties).
Blackstone Val. G.& El_ -*$46 .500ITampa Electric Co
14205,000
Cape Breton Elec. Co
*500,000 Galv. Houston Elec. Co_ ___ 500.000
Jacksonville Traction Co
350,000 Northern Texas El. Co____*500,000
Houghton County El.L.C0.
5500,000 Pug. Sd.Tr.,L.& Pow.00•1,466,800
Houghton County Trac.Co.•100,000 Key West Elec. Co
a222.000
Columbus Elec.Co
al00.000 Key West Electric Co
*374.100
El Paso Elec. Co
503.000
* Common stock. a Preferred stock. b Capital stock.
See statements of these companies (except the Blackstone Valley Gas
& Electric Co. and the Houghton County Electric Light Co.) on subsequent pages.
Stone & Webster offered the stock in March 1909 in blocks of 10 shares
of preferred and 4 shares of common for $950. V. 89, p. 163. In Dec.
1913 they offered $500,000 pref. stock at 97. V.97,p. 1734.
Dividends.
-On pref. 1 %Tar. since Aug. 1909 to and including Aug.
1914. On co., 1st div.-1 %-Feb. 1 1910; Aug. 14%. In 1911,
rn
3%. In 1912. 34%. In 19 ,4%. In 1914. Feb., 27 Aug.. 2%.
, 0;
EARNINGS.
-For year end. Dec. 31
net, after
taxes. &c.. 5241.857; pref. divs. (6%).1913. gross. 3256.766;
$120.000; common div. (4%).
$80,000; surplus,$41,857.
DIRECTORS.
-Henry G. Bradlee, Russell
Chas. A. Stone.
Edwin S. Webster. Eliot Wadsworth (Pres.).-V.Robb,163; V. 90, p. 628;
89. p.
V.92. p.463; V.95,p. 111; V.97. p. 1119, 1289. 1734.

BOWLING GREEN, OHIO.

LAKE ERIE BOWLING GREEN & NAPOLEON RV.
-A trolley road.
Receivership.
-Interest on bonds having been defaulted May I 1911.
Judge Killits In Federal Court at Toledo on May 2 1911 appointed A. E.
Royce and B. C. Harding of Bowling Green, receivers. On July 16
C.G.Taylor succeeded A.E.Royce and B.C.Harding as receiver. V. 1913
92.P•
1243.On Dec. 18'11 Judge Killits ordered a re-issue of 575.000 receivers' ctfs
originally put out several mos. previous for improv'ts. V. 93. p. 1786, 796.
Since taking possession receivers have paid int. due May 1 and Nov. 11911.
Foreclosure.
-On May 17 1913 the Union Trust Co. of Detroit instituted
foreclosure proceedings in the U. S. Dist. Court at Detroit. The amount
due on the 1st M.54 of 1903 was stated as 3429.500.
V.96,P. 1488. Will
probably not be sold until after Jan. 1 1915.
ORGANIZATION.
-Incorporated in Ohio In 1902.
STOCK AND BONDSDate, Interest. Outstanding. Maturity.
Common,5750.000,($100)___
5428.400
Pref,$250,000,(8100)6% n-c_
250.000
1st M.51.000.000. gold ($5001 1903 5 g M-N
353.500 Nov 1 1933
and $1,000)
c•tInt, at Union
Detroit, Trustee.
Rec'vs certfs $75,000 41.000 1911 6 quar Tr. Co., 75.000 Dec
1913
Bonds.
-g570.500 bonds are reserved for extensions
and 576.000 in company's treasury. No sinking fundat 217.000 Per mile
and
subject to call. Int. on receivers' ctfs is payable in Bowling bonds are not
Green.
EARNINGS.
-For year ending June 30 1914. gross, 257,940.
ROAD.
-Operates 25 miles of
ville. Standard gauge, 60-lb. T track between Tontogany, 0.. and Woodrail. Connects at Tontogany
Elec. Ry. at Bowling Green with Toledo Bowling Green & with Ohio
Southern
Traction Co., at Pemberville with Toledo Fostoria & Findlay Ry. and at
Woodville with Lake Shore Elec. By. Furnishes
at Bowling Green. as well as hot-water heating. electric light and power
Robt. Place: V.
-P., E. H. McKnight: Sec., H. G.
Hankey;Treas.. B.0 .
OFFICERS.-Pres.
.Hardincr.-V. 92.
p. 207; V. 96, p. 148.9; V. 99. p. 346.p. 1243: V.93. p. e96. 1786; V.94.

BRATTLEBORO, VT.

TWIN STATE GAS & ELECTRIC CO.
ORGANIZATION.
-Incorporated in Connecticut on Aug. 26
acquired the Brattleboro Street Ry.. the Brattleboro Gas Light 1906 and
Dover Gas Light Co.(V. 83. p. 562). the Bennington Electric Co.Co., the
and the
Hoosick Falls Illuminating Co. Furnishes
to Dover. N. H., and Brattleboro, Vt., andgas, electric light and power
operates the Brattleboro St.
Ry.; also furnishes electric light and power to Rochester, Salmon
Falls,
Somersworth and Hinsdale,N.H.; North Bennington
tre, Vt., and Hoosick Falls, N. Y. The properties and Bennington Cenof the Cascade Lt.&
Pow. Co. and the Berlin Elec. Co. will be taken over by
the new
convertible notes. See V. 98. p. 156. Control is held means ofNational
Light, Heat & Power Co., control of which was in turn by the
Middle West Utilities Co.in Oct. 1912. V. 95. p. 1750. acquired by the
STOCK AND BONDSDate. Interest. Outstanding. Maturity.
Common,$2.500.000. 31001_
31.250.000
Pret(5%cum)$2.500.000(8100) 1.426.000
1st & ref. M.$10,000,000_ ntf ---5%
See text. Oct. 1 1953
Convertible gold notes 314 1913 5 g A-0
500,000 Oct. 1 1916
000.000 (51.000,3500. and;Interest payable at New York.
3100)
c*.ntfl
Dover Gas Light con mort-1 1905
5
150,000 Sept 1 1925
gage. 3500.000
tflUnion Safe Dep. & Trust Co., Trustee.
United Gas & Elec.mortgage.I_ 1897
250,000 Sept 1 1917
2250,000
ntf(Union Safe Dep. & Trust Co., Trustee.
Brattleboro Gas L Co mtg.ntf 1903
5
73.000 Feb 2 1923
Hoo.sick Falls liluminat'g Co(
75,500
1935
$150,000
4f lCol.-Knick. TrustCo., N. Y., Trustee.
Hoosick Falls Electric Col
65,000
1930
$75.000
tf101d Colony Trust Co.. Boston, Trustee.
Bennington Water Power &I
64.000
1923
& Light Co $100,000_ ntf American Loan & Trust Co., Trustee.
Bennington Water Power &1
12.500
1929
Light Co $30,000
ntf Old Colony Trust Co.. Boston, Trustee.
Bennington Elect Co 2175.98,500
1935
000
tf Col.-Knick. Trust Co.. N. Y., Trustee.
Bonds.
-Of the $10.000,000 auth. 1st at ref. 5s, 21.895.500 are reserved
for present bonds outstanding and 2600.000 are held as collateral for the
convertible notes of 1913. The convertible notes are convertible in amounts
of $100 or multiples thereof any time before maturity into 1st & ref. 54,
the notes to be taken at par and the bonds at 93. 5600,000 1st & ref. 55
are pledged as security for the issue. V. 98. p. 156.
Earnings.
-For year 1912 (not including Berlin Elec. or Cascade Light &
Power), gross. $451.836: net. $196.128.
ROAD.
-Operates 5 miles of track in Brattleboro, in addition to gas and
electric-light plants in Brattleboro and Bennington. Vt., Hoosick Falls,
N. Y., and Dover. N. H..
OFFICERS.-Pres., I. L. Meloon: Sec.. A. S. Foster;
Meloon. Gen. offices, Dover, N. H. V.83, p. 499: V.95.Treas.. W. G.
p. 1750: V.98.
P. 156.

BRISTOL, CONN.

BRISTOL & PLAINVILLE TRAMWAY CO.
-A
furnishes electric light and power, gas and steam heat. trolley road. Also
ORGANIZATION.
-Organized Sept. 21 1893. A
pleted in 1906. Franchises perpetual. In Aug. 1906 gas plant was comwas pooled for 5 years. In Aug. 1911 pool was reneweda majority of stock
for 5
but this was dissolved, it is stated, in Nov. 1913. In Dec. years more,
1913
announced that Richter & Co. of Hartford, Conn., had purchased it was
control
of the property. V. 97. p. 1662
In August 1908 a stock dividend of 50% was declared,
increasing outstanding amount to $375.000. V. 87. p. 96. 414.
In May 1914 the diectors recommended an increase in the
from 5375.000 to $562,000, for impts.. &c. V. 98, p. 1535. capital stock
STOCK AND BONDSDate. Interest. Outstanding. Maturity,
Stock, $1,000,000 ($100
1st mortgage 2600.000. gold{ 1905 44 g M-N $375,000 May '14,2%
540,000 Nov 1 1945
(5500 and 51.000)
Interest at Bristol National Bank, Bristol.
Treasurer of State of Connecticut, Trustee.
Bonds.
-Are subject to call after 5 years at 102; after 10
years at par.
EARNINGS.
-For years ending June 30.
PUBLIC SERVICE INVESTMENT CO.
Railway
Railway Gas ok Elec.
Interest
ORGANIZATION, &c.
Net.
Ltg., Net.
-Organized in Maine to bold and to deal In Year- Gross.
c% Taxes. Dividends, Surplus.
stocks. bonds, notes and other securities. On Oct. 30 1913 stockholders 1913 -8100.585
$35,756
$26.117
$30,703
$30.000
$1,170
voted to increase the stock from $2.000.000 each of pref. and common to 1912 - 95.544
35.848
37.252
31,160
30,000
11.940
ROAD.
-Operates about 1334 miles of track laid with 56 and
33.000,000 each. V. 97. p. 1289
60
-lb. T rail
from Bristol to Plainville, with
STOCK.Date.
Interest. Outstanding. Maturity Terryville. Standard gauge, 29 branches to Lake Compounce and to
cars, 3 snow plows and 1 work car.
Common 33,000.000($100)$2.184,500 Aug '14,2%
OFFICERS.
-Chairman of board, Chas. It. Tenney; Pres..
Pref.$3.000,000 6% cum.(3100)---A. B.
6% Q-P
2,184,500 Aug
ney; V.
-P.„ D. E. Manson; Sec.
-Tress.. Morris L. Tiffany. Bristol, TenStock.
-Preferred stock is redeemable at option of company '14. 1
Conn.;
$315.500 in treasury. Of the common $315,500 is in treasury. at 115; Manager, G. E.Cockings. General Managers. Chas. H. Tenney & Co.
V. 95, p. 1330; V. 97, p. 1662; V. 98. p. 154, 1535.




ELECTRIC RAILWAYS

18

BRISTOL, VA.-TENN.
BRISTOL TRACTION CO.
ORGANIZATION.-Incorp.in Virginia. Was formerly the Bristol Belt
Line Ry. Co. but on Sept. 7 19'11 filed a certificate changing name to above
title, and increased auth.stock from $100,000 to 6300,000. and par of shares
from $50 to $100. V.93, p. 1323. Owns entire stock of Holston Vaney By.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDS$136.000
Stock $300.000 ($100)
150,000 Sept. 1541
Mortgage $300,000 ($1,000) 1911 5 A-0
U.S. Trust Co., Washington. D.C,Trustee
callable at 105
-Operates 15.3 miles standard-gauge electric line in Bristol and
ROAD.
between Bristol and Big Creek Park,on the Holston River. 16 motor cars.
-P. & Gen. Mgr.,Fred, Dulaney:
• OFFICERS.-Pres., B. L. Dulaney; V.
Sec. & Treas., Wm. Eberhart.-V. 93, p. 1323.

BROOKLYN, N. Y.
BROOKLYN RAPID TRANSIT-(See Maps, pages 19 and 20).
-Organized Jan. 18 1896. per plan in "Chronicle,"
ORGANIZATION.
V. 60. p. 1145. to succeed to the property of the old Long Island Traction
Company, foreclosed, syndicate headed by the late ex-Governor Flower
baying then bought control. Is not a railroad corporation, but was organized under the Business Corporation law of New York to hold the stocks
and bonds of railroad companies and to aid in the construction and equipment of railroads. Franchises are perpetual.
-The following is a statement of the stocks and bonds owned
ASSETS.
by the Brooklyn Rapid Transit system June 30 1914.
Stocks.
Entire capital stock Brooklyn Heights RR.Co.(par)
$200,0o
Entire capital stock Bkin.'ns Co.& Suburban RR.Co.(par)_ 2,000,000
84.997 shares out of 85,000 shares of the corn. stock of the Nassau
Electric RR. Co.. par
8.499.700
63.939.75 shares out of 65.000 shares of the 4% cumulative pref.
stock of Nassau Elec. RR. Co., par
6,393.975
47.859.85 shares out of 50,000 shares of the 5% non-cumulative
pref. stock of the New York Consolidated RR. Co.. par
4.785.985
134.308.31 shares cut of 139.000 shares of the common stock
of the New York Consolidated RR. Co., par
13,430 831
stock of Coney Island & Gravesend By. Co., par
Entire
350,000
647.82 shares of Brooklyn Rapid Transit Co., par
64.782
4.991 shares out of 5,000 shares of South Brooklyn Ry., par- _ 499.100
10,000 of the American Railway Traffic Co.
9.800 shares out of
(owned by Transit Development Co.). par
980.000
Entire capital stock of the Transit Development Co., par
500,000
500 shares of the Bridge Operating Co.. par
50,000
1.000 shares of N. Y. Municipal Corp., par
100,000
920 shares out of 1,000 shares of N. V.& Coney NI. RR.Co
92,000
495 shares out of 500 shares Pros. Park & South Bklyn. RR.
(Jo_
49500
26,370 shares out of 29,839 shares Con. Isl. & Bklyn. RR
2,637.000
Bonds.
140,632.873
bonds Bklyn. Queens Co.& Sub. RR.(par)
*1st M
$2,000,000
1st eon M Bklyn. Q'ns Co.& Sub.(owned by Bklyn. H'ts Co.)
50.000
( )
*1st mortgage 5% bonds Brooklyn City RR.
1.627.000
4%. Brooklyn City R
*Refunding gold mtge.
725,000
*Gold 5% bonds Brooklyn Rapid Transit
30,000
Ref mtg 4% bonds Brooklyn Rapid Transit Co
16.953.000
Ref mtg 4% bonds B. R. T.(owned by Nassau El. RR.)
1.761.000
Consol mtg 4% bonds Nassau Elec RR
1.161.000
Consol mtg 4% bonds Sea Beach By.(owned by Nassau Elec.
RR. Co.)
22.500
Jamaica & Brooklyn mtge. bonds
8,000
N. Y. Municipal By. Corporation
39.690.000
Coney Island & Brooklyn first consol. mortgage
13.000
Coney Island & Brooklyn consol. mortgage
732,000
Brooklyn City & Newtown mortgage
7,000
*The entire amount of B. Q. C.& Sub. RR. 1st 55 and Bklyn 6417ty
.S C 88
1st 58: also $125,000 out of the $725.000 B.C. RR.ref. 48 held. and $25.000
out of the $30,000 B. R.T.gold 5s and $250,000 B. R. T.ref. mtge.4s held.
compose guaranty fund for performance of Brooklyn City RR. Co.'s lease.
New Subways and Extensions.
-An agreement was reached in May 1912
as to how the routes of the new dual subway system in lower Manhattan
should be apportioned between the Interborough and Bklyn. Rapid Transit,
and the Court of Appeals at Albany having on June 29 1912 affirmed the
decision of Justice Blackmer (V. 94. p. 1057) holding to be constitutional
the terms of the proposed contracts with the Interborough and B. R. T..
formal contracts were drawn up by the P. S. Comm. and were signed on
Mar. 19 1913. V. 96, p. 862. See caption "Rapid Transit in New York
City" in V. 94, p. 1384 1449, 1566: V. 95. p. 48. 111, 237, 1040: V. 96.
P. 63. 136. 488, 716. 864. The new subway lines, to be built jointly by
the Brooklyn Rapid Transit and the city, are as follows:
(a) Subway line traversing the Borough of Manhattan from the Battery
to 59th St.. mostly on Broadway. and connecting by tunnel under the East
River with subway lines in Brooklyn, with rights over the Brooklyn. Manhattan. Williamsburg and Queensboro bridges.
(b) Centre St.loop, connecting the different bridges and extended through
Nassau and Broad Sta., Manhattan, to a connection with the lower East
River tunnel and the 4th Ave. subway in Brooklyn, with extensions to
86th St. and Coney Island. The 86th Street di.vision, it is claimed, will be
ready for operation by May 1 1915. Two tracks in the Centre St. loop
were placed in operation Aug. 4 1913 (V. 97, p. 297) and the other two are
in course of construction.
(c) Subway line extending from 6th Ave. and 14th St., Manhattan,
across Manhattan. under the East River. to Wyckoff Ave., Brooklyn, and
thence an elevated line to East New York.
(d) Subway line in Brooklyn connecting Manhattan Bridge with the
Brighton Beach RR.
In addition to the above, there are several extensions of present lines to
be built by the company as well as third tracking and making additions and
Improvements to existing lines. The estimated cost of construction to the
city is 1100.500.000; of construction and equipment to the company.
$65.000,000.
-Organized to carry out company's
See N. Y. Municipal Ry. Corp.
agreement with city-on a subsequent page.
As to financing of the new construction work by the B. R.T.,see Secured
Gold Notes in table below, and text relating thereto, and also V.94.n. 1694.
-year lease dated Feb. 14
The Brooklyn City RR. Co. is held under a 999
1893. guaranteeing all fixed charges, organization expenses, taxes and 10%
$12,000.000 of stock. The lease is nominally to the Brooklyn
dividend on
Heights RR. Co., but the Brooklyn Rapid Transit Co. owns the entire capital stock of the Brooklyn Heights Co. In 1898 the Heights Company
leased the Brooklyn Queens County & Suburban RR. The lease was renewed year by year, rental being fixed charges, taxes and organization expenses. On July 1 1901 the B. Q.C.& S. began operating separately again.
On April 1 1899 the Heights Company temporarily leased the Nassau Electric RR. Later permanent leases were made, but on June 301904,presumably in consequence of a decision (V. 79, p. 102) compelling the issuance of
transfers, the lease of the Nassau Electric RR. was canceled
The Brooklyn Heights RR.In April 1899 leased for the period of 999 Years
the Prospect Park St Coney Island RR. (see terms under the latter), the
New York & Coney Island RR. and the Prospect Park & South Brooklyn
RR., but the leases of these companies were assigned in March 1907 to
South Brooklyn By.. which had been acquired by purchase in Feb. 1902.
V. 74, p. 479. In July 1912. however, the South Brooklyn By. acquired
495 out of 500 shares of P.P.& So.Bklyn.stock and 820 out of 1.000 shares
of N. Y.& C. I. V.95. p.47. The South Brooklyn By. OVV/19 the doubletrack road (1) miles) extending from New York Bay. near 38th St..
Brooklyn, to 38th St.. near 9th Ave., Brooklyn. and in June 1907 increased
Ito stock from $150.000 to $500.000
Through elevated train service from Broadway Ferry, adjoining the
wunamsburgh Bridge, to Canarsie was instituted July 30 1906 (V. 83. p.
in
271): through service over the bridge to Delancey St., N. Y.was put to
operation on Sept. 16 1908, the connection from Broadway *Elevated
structure having been completed.
Bridge
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agreement with the city for operation of trolley cars over the new Williamsburg
Later
Bridge. See V. 78. _14. 2013. 2386. operate the Bridge Operating Co.
local service on the bridge.
was formed, with $106.000 capital, to
of intention to terminate the contract between
79, p. 626. Noticeover the
See V.
williamsburgh Bridge and the city,
operating
the companies
Heights RR., the Bridge Operating Co., the Coney
namely the Brookirl
and the New York RR., as assignee of the New
Island & Brooklyn RR.
given Sept. 1 1914 iby Bridge Commissioner Kracke.
Rye.. was
York City
accordingly, term nate 12 mos. thereafter. V. 99,
and the contract will,1912 the Appellate Division of the Supreme Court.
P. 673. On Nov. 15




[VOL. xcix.

First Dept., affirmed the order of the P. S. Commission reducing the fare
charged over the Williamsburgh Bridge from 3 to 2cents,or three tickets for
5 cents. V. 95, p. 1402, 1471. Through surface cars are operated over
Brooklyn Bridge by Brooklyn Heights RR.,Nassau Electric RR.. Brooklyn
Queens County St Suburban RR. and Coney Island & Brooklyn
Surface cars began to cross this bridge in Nov. 1904. V. 79, p. 2084.RR*
-On June 8 1912 the Appellate
Decision in Suit Against Brooklyn City RR.
Div. of N. Y.Supreme Court, 2d Dept.. handed down a unanimous decision
affirming, to the extent of $1,740,258 principal (with int. from March 3
1910, amounting to $1,616,680: total, $3.356,938), the judgment awarded
by the lower Court(V.90. p. 558: V. 8.0. p. 1174: V.70, p. 841) in the suit
(begun in April 1900) of Brooklyn Heights RR. against the Brooklyn City
RR. to recover moneys which the Heights Co. claimed should have been
expended by the lessor in fulfilment of the terms of the lease of Feb. 14 1893.
but modified the judgment of the lower Court by excluding interest, leaving
the amount of the modified judgment $1.740,258. V. 94, P. 1565, 1625,
Both parties to the litigation then appealed to the Court of Appeals.
of 1%
Brooklyn City Ry.in July 1910 reduced its dividend to 2% quer..
being retained quarterly and set aside in a special fund. V. 91,
Oct. 23 1913 agreement of settlement was executed by the Brooklyn Heights
RR. and the Brooklyn City RR. providing for the payment of $1,650,000,
of which $900,000 was paid in cash on Nov. 1 1913 and the balance ($700.000) in quarterly installments of $50,000 with int. at 5% from Nov. 1 1913
until paid (see annual report for year ending June 30 1914 in V 99, p. 348)•
It is expected that the full 10% dividend will be resumed from and after
Oct. 1 1917. V. 97.p. 1285.
-For decision allowing for obsolescence
Special Franchise Tax Reduced.
In fixing special franchise tax, see V. 91, p. 1511.
Brakes Reguired.-On July 10 1913 the Appellate Div. of the Supreme
Court unanimously sustained the order of the P. S. Comm. requiring the
co. to equip its cars with power brakes and geared hand brakes. V.97.p.I75.
-In Dec. 1913 the subsidiary
Purchase of Coney Island & Brooklyn RR.
Coney Island & Gravesend By. received permission from the P. S. Comm.
to purchase 12.637,000 of the 12.983.900 outstanding stock of the Coney
Island & Brooklyn RR. V. 96. p. 1020. 1088: V 97. p. 1897
-On Mar.27 1914 Public Service Commission issued
Universal Transfers.
an order providing for a universal system of transfers among surface
lines in Brooklyn,and this was accepted by the several operating companies
in the Brooklyn Rapid Transit System, and became effective June 1 1914.
The new order makes a total of 1.008 transfer points, as against 721 before
the order became effective. V. 98. p. 911, 1070, 1692.
The Transit Development Co. was organized in April 1903 under the
Business Corporation Law. with $25.000 capital, and is owned exclusively
in the interest of the Brooklyn Rapid Transit Co. It is authorized to
manufacture and sell power and to do general contracting work. On
March 1 1907special arrangement was made by which the concern will furnish
power and take charge of the maintenance and repair of all the railway
properties in the Brooklyn Rapid Transit system. including their equipment. V.84. p. 569. In June 1907 capital stock was increased to $500.000.
The Transit Development Co. In Dec. 1913 acquired a tract of about
90 acres in the Gravesend section of Coney Island, V. 98. p. 72.
The American Railway Traffic Co. was incorporated in Jan. 1904 with a
capital of 11.000.000 (of which 8980,000 is owned by the Transit Development Co.)for the purpose of hauling and disposing of city's ashes and refuse.
Contract with city expiring Dec. 27 1908 was not renewed and company
is in process of dissolution.
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.
-In May 1907 the New York State RR. Comm. consented to the
,
Sea Beach Ry., the Canarsie RR. and the South Brooklyn Rs.making
mortgages of $2,000,000. $2,000,000 and $4.000,000,respectively,to secure
those companies to the Brooklyn
certificates of indebtedness issued by
Rapid Transit for moneys advanced for additions, betterments, &c. In
June 1907 Brooklyn Union Elevated authorized a mtge. for 120,000.000
and the Nassau Electric for 35000,000 for same purpose; but in July 1908
Public Service Commission denied application for the approval of these latter two mortgages. See particulars V.87, p. 224. No bonds will be Issued
under any of these mtges., which are created simply to secure the certificates of indebtedness as issued from time to time. The certificates cannot
be issued at less than par and are deposited under the Brooklyn Rapid
Transit first refunding mtge. V. 84, p. 1181. 1246. 1550.
-On Jan.3 1913 increased its auth. stock from $45,000.000
Stock Increase.
to $90.000,000. the new stock was issued from time to time up to July 1
1914, exclusively for the conversion of 4% bonds of 1902. V. Maturity.
Interest. Outstanding.
STOCK AND BONDS- Date.
Q-J
$74.455.218 Oct '14. 1)4
Stock. 190.000.000 ($100)---z3,459.000 July 1 2002
Brook Rap Tr 1st ref mtge. 1902 4 g J-J
$150,000.000, gold.&Star Central Trust Co., N. Y., trustee. Coupon
bonds 1.000 :registered 11.000. 15.000)
7.000.000 Oct 1 1945
Brook Rap Tran gold mtge. 1895 5 g A-O
Ora( d Int. at Equitable Tr. Co., N. Y., trustee.
17.000.000
39.699,000 July 1 1918
5 g J-J
B R T secured notes 860.000.- 1912
000 ($1,000). gold_ ___c*tt Interest at Central Trust Co., N.Y.,trustee
Brooklyn City RR
z725.000 May 1 1956
4 g F-A
Refund mtge, 16.925,001
Bklyn.
nu Long Island L & Tr Co. Byn,trustee.
41.000)
e4.373.000 eJuly 1 1941
5 J-J
ntf 1891
First consol mtge
200,000 July 1 1941
4% F-A
ntf
1st M
New W & Flat
250.000 Apr 1 1941
5 A-0
Brooklyn Heights RR first 1891
tf mt.atPeople's Tr. Co. Brooklyn, trustee.
ICo.mrtgae
e3.500.000 *July 1 1941
5 g J4
Brooklyn Queens'Co & Sub 1894
ntf Guar. Trust Co., New York. trustee.
first mortgage
First consol M.guar p & 1 1894 5 g M-N m2.884.000 *July 1 1941
(end), $4.500,000_ ntf Central Trust Co., New York, trustee.
240,000 Jan 1 1930
Jamaica & Brook RR first 1889 5 g J-J
tf Central Trust Co., New York. trustee.
mortgage
650.000 Sept 1 1916
Sea Beach Ry Consol mtge. 1896 4 g M-S
ntf W. M. Grinnell, W.0. Platt & Win. Man..
guaranteed
trustees.
16,000.000 Feb 1 1950
Brooklyn Union Elev 1st M. 1899 5 g F-A
tf Int. at Central Tr. Co., N. Y. trustee.
guaranteed
-A
Kings Co Eley first mtge, 1899 4 g F
7,000.006 Aug 1 1949
$7,000,000($1.000),g(gu)ntf Int. at Central Trust Co.. N. Y., trustee.
Nassau El RR Co cons M 1898 4 g J4 P10.347,000 Jan 1 1951
Guaranty Trust Co., N. Y., trustee. Bonds
bonds(11.000).$15,000,So
&d guar, by end. by Bklyn. Heights RR.
000
F A-0
tf 1894
First mtge bonds
660,000 Apr 1 1944
Hamilton Trust Co., N. Y., trustee.
5 g A-0
Atlantic Ave. gen mortgage 1891
c2.241.000 Apr 1 1931
ntf Brooklyn Trust Co.,trustee.
gold
5 g J-J
N w
. rtia .1934
Atlantic Ave improvement. 1894
224110 Jan e!,
tf Central Trust Co.,
220,000)
gold 4
5 A-0
5
. O st J
2 trTO e.an 1 1917
bB B & W E 1st mortgage. _--tf Title Guar.& Trust Co.
Series B
B. B. & W. E. general 1893
121,000 Oct 1 1933
Tg At C
5 rus.°o., N. Y., trustee.
tt Frankligod
n39.699.000 Jan 11986
N Y Mun By Corp 1st Mtge 1912 5 g .14
Interest at Central Trust Co., New York,
$100.000.000 41.000 and 1898 4 g
Trustee.
1stc*Scr tf
$500) gold
consol
p2.000,000 July 1 1948
ntf Mercantile Trust Co., New York, Trustee. .
ConeyDA $2,000,000 gold..
4 g J4
1,500.000 Jan 1 1955
Consol mortgage $10,000.- 1904
000 gold ($1,000)____c*tf Mercantile Trust Co., New York, Trustee.
6 J-J
500,000 Jan 1 1915
Coil gold notes $500.000 1911
ntf Equitable Trust Co., New York, Trustee.
($1,000)
5 J-J
2,000,000 July 1 1939
Bklyn City & Newtown 1889
1st M 82,000,000- _ntf Mercantile Trust Co., New York, Trustee.
5%
288,062
Real estate mortgages _____
Rental payments in addition to payment offlied charges
-J. 15. 999 yrs-$1.200.000
RR. stock, $12,000,000. 10% Q.
Brooklyn City
45.000
Prospect Park & Coney Island RR., yearly rental
.to call July 11916. a Subj.to call 1916 b Subj.to call any time.
Sub)
5s of 1931 were subject
c Atlantic Avenue general mortgageis not known) have been to call in
stamped,
1909. but many of them (how many
releasing them from the liability to call. was trustee of this
d The Central Trust Co. of New York(since consolidated mortgage until
with the Trust
Oct. 1903, when the Colonial Trust Co.
Co. of America-the latter being merged into Equitable Trust Co.) was
substituted.
e Includes 82.000.000 held by Brooklyn Rapid Transit Co.
x Entire amount owned by Brooklyn Rapid Transit Co.
Not including $1.627,000 owned by B. R. T. Co.
z Not including 518.714.000 owned by B. R. T.system.
m Including $50,000 owned by B. R. T.system.
n Owned by Brooklyn Raoid Transit Co.
P Not including $1.161,000 owned by B. R. T. system.
a Includes $13,000 held in treasury.

SURFACE TROLLEY LINES

ELECTRIC RAILWAYS




MAP SHOWING THE

.iiiiimmi linu

wp
Hiiiimilou 1111 unimu iinlilmi
0

rd.

.
--11:ineSis % 4, h.- _

JAMAICA

NEW YORK MUNICIPAL
RAILWAY

TE

MORRIS
PARK
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,
\'JAIIIAIC ACy
-

RICHMOND
s•
HILL

„B

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

A

,

MA

I
C
WOOD HAVEN

LANDING

BEACH

ELECTRIC RAILWAYS

MANHATTAN
CI
"BEACH
St. Johns
Cemeter

CORONA PARK

Coney Island
Jockey-Club

`CA

kGHTON -*.t
6\
8EACH

FLUSHING
CORONA HEIGHTS

COLLEGE

'0
\
-Z7

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IELD

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Cem.

MASPETH
WINFI
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4
:4
- ees
eA

D HYATT
EIGHTS

FLATBUSH

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BOWERY BAY

GRAVE
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New Calvary

CHARLOTTEVILLE

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)
Noqos Pt.

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-

BERLINVILLE

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9

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If

•

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AVE

LINE
Ep.RFkf :Cl ; niItonJi
o \ LHs
S A:1 C
,\
11

FOURTH AVE. LINE
us

RANDALLS
WARD84\
ISLAND

AVE. LINE

BAY

-4

RIDGE

ISLAND
CaHL§±t

,TE,
,

A

/

- _
FIRST

FIFTH

SEVENTA

AVE

THIRD

AVE.—

AVE.

CENTRAL PARK

T

LINE

—LINE

Battery

S
IJ

ATEN
LAND

SEPT.. 1914.]

ELECTRIC RAILWAYS

21

Stock.
-In the reorganization of the Long Island Traction, the old $30.000.000 stock paid an assessment of $10 per 3100 share, the old stock being COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO.
(1) New York Consolidated RR.
reduced to $20,000,000, and $7,000,000 of 5% bonds being authorized,
against 33.000.000 of Long Island Traction.
ORGANIZATION.-Incorp. at Albany on Nov. 30 1912 as a consolidation of the Brooklyn Union Elevated RR. Sea Beach By. and Canarsie
Dividends.
-First div.. 1%. paid April 1 1909; July. 1%; Oct.. 1%. In
1910, 43%; in 1911 and 1912, 5%: in 1913. Jan., 1 si %; Apr.. lit %; in RR. V. 95, P. 1608. Brooklyn Rapid Transit owns or controls $13,430,July Increased rate to 1;4% quer.: Oct., 145%. In 1914. Jan.. 1 %; 831 out of the $13,900,000 common stock and $4,785,985 out of the $5,000.000 preferred stock.
Apr.. 1 %; July, 14%; Oct., 1;4%.
Owns all the outstanding stock of the N. Y.Municipal By.Corp.
Interest on Bonds. Where Payable.
-Interest on the Brooklyn Rapid holds the contracts
(which
Transit mortgage of 1902 for 3150,000,000 and the two Elevated issues is tion of subways, made with the City of New York in 1913 for the opera&c.) and guarantees its bonds, p. & 1., jointly with the
payable at the Central Trust Co.:on the Brooklyn City RR.refunding bonds B. R. T.
at company's office: on the Nassau Electric bonds, including Atlantic AveLease.
-All
nue and West End issues,at the Equitable Tr. Co.,N.Y.: on the Brooklyn tract with the rights. &c., of the N. Y. Municipal By. Corp. under its concity
Queens County & Suburban mortgages and the Jamaica & Brooklyn first dated RR. For have been leased and assigned to the New York Consoliterms,see statement of N. Y. Municipal By. Corp. below.
mortgage at the Brooklyn Trust Co., Bklyn.; and on the Sea Beach 1st
Division of Earnings with City.
-As the New York Consolidated holds,
mortgage at the New York Consol. RR. Co.'s office,85 Clinton St.. Bklyn. under assignment
On the B. R.'1'. secured notes of 1912 at co.'s office or at Central Trust Co. pal By. Corp. In and lease, all the rights acquired by the New York Municithe latter's contracts with the city, all the earnings will
Int. on ail Coney Isl. & Bklyn. bonds is payable at Central Trust Co.,N.Y. accrue to it. The
division of earnings will be on
1. To the company, 33,500,000, as representingthe following basis:
Secured Notes.
-The notes are secured by pledge of equal amount of
the net
tat M.55 of the New York Municipal Ry.Corp.;the bonds of that company existing railroads which are to form part of the new rapid earnings of the
transit system.
in turn are guaranteed prin. and int. by Brooklyn Rapid Transit and also by Out of this reservation the company 'Jays interest charges on capital inthe New York Consolidated RR. and by pledge of $10.000.000 B. R. T. vestments prior to Mar. 19 1913 in the existing
railroads.
2. To the company,6% on Its new investment in construction and equipcony. 4% ref. bonds. Proceeds of notes are deposited as security for notes
until expended. The notes are cony.,$ for S.into 1st M.5s of the Munici- ment prior to the beginning of permanent operation and thereafter interest
pal By. at any time prior to Jan. 11916, on and after which date they are and 1% sinking fund.
3. To the city.interest and 1% sinking fund
red, at co.'s option at 101 and int. on any int. day on 90 days notice. Reon its investment in cost of
maining notes can only be issued for constr., equip. and oper. of new rapid construction.
4. Any surplus remaining, after making provision
transit lines to be operated by B. R. T.interests. See V. 94, p. 1694.
-Stockholders authorized March 20 1902 gent reserve fund, is to be divided equally between for a moderate continMortgage for $150.000.000.
the company and the
first refunding 4% gold convertible bonds for $150,000,000. $59,304,000 to city. The company's preferential payments are to be cumulative.
retireall the then existing bonds of the system (including the $7,000.000
STOCK AND BONDS- Date.
Br. Rap. Transit 5s). and the rest for improvts., add'ns and acquisitions,
Interest. Outstanding. Maturity.
as needed from time to time. The mortgage provides that a fund of $5.- Corn stock,313.900,000(3100)
$13.900,000 June'14.1
000,000 in bonds or their proceeds be at all times at the disposal of the com- Pref stock, $5.000,000 MOW5.000,000 June'14. 1
pany for the purposes mentioned. See V. 74,p. 377. As this fund is re- BklynUnEl1stM,$j,000,- 1899 5 g F-A
16,000.000 Feb 11950
000. gold, 4% till 1905,. Interest at
duced for any of the purposes authorized, more bonds may be authenticated
Central Trust Co., New York,
since 5% (31,000)
by trustee and delivered to the company on its order. These bonds were
Trustee.
convertible into stock, par for par, before July 1 1914. and 529.619,000 were Kings County El 1st M,gold, 1899
4 g F-A
7.000,000 Aug 1 1949
37.000.000 ($1,000)____c*
so converted. They are subject to call on any interest day until the year
Sea Beach Ity 1st M. MO,- Int. at Central Trust Co.. N. Y., Trustee.
2000 at 110 and interest; after that at par and interest. See listing applica1896 4 M-S
650.000 Sept 1 1916
000 (31.000 and $100)---C W.M.Grinnell,
tions in V. 81, p. 1856, 1857,for list of securities pledged for the bonds; also
W.0.Platt and Wm.Man.
listing applications in V. 82. p. 517; V. 83, p. 1122; V. 85, p. 1523: V. 86.
Trustees.
p. 923, and V. 90.1) 786.
.
Bonds.
-Bonds of the Brooklyn Union and
Bonds.
-Of the $7,000,000 50
-year gold 5s of the Brooklyn Tapid Transit, companies are guar. p.& i. by Bklyn. Heights ICings County Elevated RR.
RR.,guaranty to be stamped
$3.000.000 went to stockholders for assessment. For description of prop- upon bonds upon presentation.
In Feb. 1902 began stamping bonds with
erty covered by the mortgage, see V. 62. p. 1138. See also application in guaranty. Certain days each month are
designated for stamping. See
V.67, p. 904.
V.98. p. 155. Both issues are listed on N.Y.
Stock Exchange. Sea Beach
Brooklyn City Rfl. mortgage of 1891 is for $6,000.000 and is a first lien 1st 4s are guar., p. dc 1., by B.
on the old Brooklyn City road and a consolidated lien on the lines acquired office of N. Y. Consol. ER. Co..It. T. Co. Not subject to call. Int. at
85 Clinton St., Brooklyn, N.Y.
by consolidation in 1890. Of the 36.000.000 issued. 34,373,000 are in the
DIVIDENDS.
-The first div.. of 2%,on the old Bklyn. Union Elevated
hands of the public and the balance is held in the guaranty fund.
Stockholders of the Brooklyn City RR. July 10 1906 authorized a new BR.wet,stock was paid June 29 1901;in 1902 and 1903.3%;in 1904.3;4
%
mortgage for $6,925,000 to provide for refunding. V. 82. p. 1437. These in hw5.4%;In 1906 4i4%;in 1907 to 1911,Incl.. 5% per annum: in 1912
.
June.2i4 %:Dec.,6%. On the NY,Consoi, RR.
bonds are subject to call after July 1 1915 at 110 and interest.
Co. in
.
authorized issue of first consolidated mortgage gold 5s of the Sept., lq% Dec., 1%%;in 1914. Mar., 1%%;June.
The total
%. On com.,first
Brooklyn Queens County & Suburban RR. is 34.500,000. of which $1,616.- div., 5%, paid June 10 1910: Dec., 2400 In 1911, 5%. In 1912. June:
7.
0;
are reserved for extensions, on which they will be a first lien. Of the 2;4 7 Dec.. 6%. On N. Y. Consol. RR. in 1913. June, 5%; Sept.,
000
52.884,000 outstanding. $2.255010 in 1898 were endorsed with the guar- 134%; Dec., 134%; in 1914, Mar., 134%: June. 134%..
anty a the Brooklyn Heights RR.Co. as to prin. and interest, and in Jan.
ROAD -Embraces 64.272 miles of
of
track and
1899 provision was made for guaranteeing the remainder of the payment of surface track. Total, 119.914 miles.rapid transitYork & 55.642 miles
The New
Brooklyn Bridge
has 3.755 miles of track and Williamsburg
$10 per bond. Both B. Q. C.& S. loans are subject to call in 1916.
The Sea Beach By. 1st 4s are also guaranteed as to principal and interest In addition. When all the lines embraced in Bridge 3.270 miles of track
been completed, will consist of approximatel contract with the city have
by the Brooklyn Rapid Transit Co. V.65. p. 1219.
y 293 miles of track. indudi3
The Nassau Electric bonds ar guaranteed (by endorsement on each bond) trackage rights over the Astoria and
by the Brooklyn Heights RR. Besides covering the mileage directly owned mutually with the Interborough It.Corona (Queens County) lines enjoyed
T. Co.
they are a lien by a supplemental agreement upon the stock of the Coney
OFFICERS.-Pres.. John H. Hallock; V.
-P. & Treas.. C. D. Meneely;
Island & Gravesend Ry. and will become a direct lien on this line should it Comp., Howard
-V.95. p. 1207, 1274, 1608;
become merged in the Nassau Electric. Of the total of 315.000.000 bonds V. 96, P. 360. Abel; Sec.,J. H.Bennington.
653.
authorized, the unissued remainder ($3.492.000) is for prior liens. See
listing application in V. 72. p. 342.
(a) New York Municipal Railway Corporation
. (See Map page 20.)
Coney Island & Brooklyn Bonds.
-Of the $10.000.000 bonds, 34,000.000
ORGANIZATION.-Incorp. In N. Y. on Sept. 27 1912 to operate
are reserved for prior liens, 3625,000 are pledged under collateral gold notes enlarged transit system
the
(elevated roads and subways) covered by the agreeof 1911 and 33.875.000 are reserved for extensions and improvements. No ment between the
sinking fund and bonds cannot be called. Notes are subject to call at 101. parts of the systemcompany and the city, and to construct and own such
as
The collateral trust notes of 1911 fell due on Jan. 1 1914, but were renweed ship. V. 95. p. 818. are scheduled for private rather than public ownerThe lines to be constructed by the city are to be
for one year to Jan. 1 1915.
leased to the company for a period of 49 years from Jan.
1
vision for re-capture by the city after 10 years), and are to 1917 (with proMILEAGE.
-The system includes:
be operated by
2d
Sidings,
1st
Total the conwany in connection with the existing railroads of the New York Consolidated RR.Co.(as enlarged and extended) as one system,and
NameTrack.
&c.
Track.
m.
for a single
Brooklyn Heights RR
2.134
0.198
1.851
4.183 fare.
In March 1913 the P.S.Commission approved a contract with the
Brooklyn City RR
105.688 100.728
22.713 229.129
BrookBklyn. Queens Co.& Suburban RR... 29.712
28.987
3.223 61.922 lyn Heights BE. for the use of the Lutheran Cemetery line.
Nassau Electric RR
65.455
67.214
10.213 142.882
LEASE TO N. Y. CONSOL. RR.
-On Mar. 26 1913 the P. S. Comm.
Coney Island & Gravesend Ry
3.950
348
3.188
7.486 sanctioned the lease and assignment to the N. Y. Consol. RR.of all
rights
South Brooklyn Railway
1.184
3.301
1.184
5.669 under the contract with the city respecting new rapid
Prospect Park St Coney Island RR
9.549
8.460
26.935 V. 96, p. 360, 947). The company also transferred totransit lines. (Sae
8.926
the
Coney Island & Bklyn. RR
22.897
7.039
22.208
52.144 RR. the certificates for extensions and additional tracks, as N. Y. Consol.
well as
New York Consolidated RR.
real estate in Brooklyn and the above-mentioned contract with the certain
Rapid transit lines
22.897
22.208
7.039
52.144 Heights RR. regarding the Lutheran Cemetery line. The leaseBrooklyn
calls for
Surface lines
17.082
17.082
21.478
55.642 6% dividends on the N. Y. Municipal By. Corp. stock.
Trackage on N.Y.& Brooklyn Bridge
The Municipal By. Corp. agrees to furnish all the money necessary to
Rapid transit lines
1.762
1.762
3.755 carry out the terms of the dual system contracts and has the option of doing
.231
Surface lines
1.802
1.707
---3.509 all the construction work and acquiring all the equipment, or of requiting
Trackage on Williamsburgh Bridge
the Consolidated Co. to do so on reasonable notice.
Rapid transit lines
1.635
1.635
____
3.270
On Mar. 20 1913 the Pub. Serv. Comm. approved
Surface lines
1.741
.218
3.700 auth. issue of 3100.000.000 5% bonds and authorized a mtge. to secure an
N. Y. Mun. Ry.-rapid transit lines_ 1.741
the issuance of $40.1.214
1.211
.409
2.834 000.000 bonds thereunder, the proceeds to be applied as shown in V. 96.
p. 863.
Total miles operated
296.813 286.886
83.633 667.332
In June 1913 the P.S. Commission granted authority to issue $400,000
EQUIPMENT, June 30 1914.-4.558 cars (following details,
however, additional stock,making 3500.000outstanding. Later in the year another
are not revised to correspond to this total.)
-Closed cars, 1,309; open cars, $400.000 were issued.
1,178; convertible, 671: semi-cony., 876: miscellaneous
, 495. Total, 4.529.
STOCK AND BONDS- Date.
Interest, Outstanding. Maturity.
REPORT.
-The annual report for 1913-14 will be found in V.
99, p. 338 Stock. $2.000,000 ($100)
-All to be owned by N.Y.Consol. RR
and 348. Operations of Coney Island & Brooklyn included
for six monthsfrom First mortgage, 3100,000.0001 1912
5 g J-J
339.699.000 Jan 1 1966
Jan. 1 to June 30 1914. Passengers carried during
($1.000 & $500),gold_c*&rlInt. at Central Trust Co., N. Y.. Trustee.
the year ended June 30
1914 amounted to 659,147,381, against 626,304,156
in 1913.
Bonds.
-Guar. prin. & int. by B. R. T.and N. Y. Consol. RR., and are
INCOME ACCOUNT BROOKLYN RAPID TRANSIT
pledged as
AND CON- after July security for B. R. T. secured notes. Semi-annual sinking fund
STITUENT COMPANIES
1 1918(minimum..3175%; maximum. 34%).
-YEARS ENDING JUNE 30.
to call on 90 days' notice in any amount at 10734.-V. Bonds are subject
Revenue1914.
95. p. 818; V. 96.
1913.
1912.
1911.
p. 360. 863, 947. 1773.
Transportation
325.246,453 323.865,260 522,949,021 321,716,486
Miscellaneous
311.797
287.028
(2) Nassau Electric Railroad.
277.529
270.057
-A trolley road.
ORGANIZATION.
Total
--Chartered Mar.
325,558.250 324,152,288 323,226,550 $21,986,543 York.
Opened in July 1895 and in April13 1893 under the laws of New
Expenses
1896 leased the Atlantic Avenue
RR., &c. As stated above, the Rapid Transit
Maintenance of way..
$2,021.647 $1.678,124 31,636,713 $1,423.108 499,700
out of the $8,500,000 common stock ofCo. owns or controls $8.Maint. of equipment_
2.315,990
2,202,208
the Nassau Electric and
2,155,134
2,125.580 $6,393.975 out of the
Operation of power plant 1,463.284
$6.500,000 preferred stock.
1.421,123
1,404,160
1.339.552
Operation of cars
Lease.
6,2163455
5.635.457
5.450.673
5.298.863 Heights -Was formerly leased for 999 years from April 1 1900 to Brooklyn
Damages & legal exp_ _ _
828.742
884,237
978,611
1,043,585 transfers RR., but,coincidently with a decision compelling the issuance of
General expenses
from one leased line to another (V. 79, p. 102), the lease
822,857
746.871
733,294
707,368 minated on
was
Freight & mail expenses
325,055
June 30 1904. For still another decision as to transfers.ter264,324
252.763
227,004 V. 82. p.
see
Amer. Ry. Traf. Co. exp
1323; also V. 85, p. 404.
823
1,112
711
1,306
In June 1907 a 10-year mortgage for $5,000,000 was
Taxes
1,752.880
1.750,083
1,775.041
1,465,535 certificates
of indebtedness issued from time to time to authorized to secure
the Brooklyn Rapid
Total
315,747.433 314,583.539 314,387,100 313,631.901 Transit for advances made for improvements, &c., but in July 1908 the
Net earnings
39,810,817 39.568,749 58.839.450 38.354.642 Public Service Commission denied application for approval of mtge.
V.84.
p. 1181. 1246. 1550; V.87, p. 224.
Other income
451,772
339.947
317.991
297.524
STOCK AND BONDS- Date, Interest.
Outstanding. Maturity.
Totalincome
510,262,589 39,908.696 39,157,441 58,652,166 Common stock, $8,500,000_ $8,500,000
Fixed charges (net)
4,946,884
5,411,768
5,446,219
5,503.687 Preferred 4% cum. $6,500,000
M-N
6,500,000
Nee text
Bonds.
-For details see Rapid Transit statement above.
Surplus
55.315.705 34.496.928 53.711.222 33,148,479
ROAD.
Special appropriations_
-Embraces 142.882 miles of single track.
$88,535
Atlantic Avenue RR. (now part of Nassau Electric)
Dividends
(6%)3,660,048(55()2440,770(5)2,239,851 (5)2.242.690
track steam road (since converted to electricity) from owned the double.
Jamaica to Flatbush
Avenue Station in
Balancee$1.855.857,056.158 n$1,471.371
5817,254 for 99 years from Brooklyn, 914 miles (19 miles of track), which is leased
June 1 1877 to the Long Island RR.
OFFICERS.-Pres.„ Timothy S. Williams; Chairman of Board. NM/Kees
company entrance into the city of Brooklyn-rental, Co., affording that
P. Brady; V.
-P. & Treas., 0. D. Meneely; V.
formerly a percentage
-P., Slaughter W. Huff. Sec.,
J. H. Bennington; Comp.,Howard Abel. Offices,85 Clinton St., Bklyn. of receipts, was changed in 1895 to $60,1100 yearly. V. 61. P. 828. LitiV.96. p 61. 134, 200. 359. 715. 862,1020. lORS, 1555; V. 97. o. 175, 297. gation has arisen with Long Island RR. regarding the use of d
Bantle
Avenue.
361. 376. 442. 520. 594, 1203, 1285, 1293, 1897; V. 98, p. 72, 155, 303,911, that the See V. 74. p. 1139. In Oct. 1910 N. Y.Court of Appeals decided
city had the right to tear up rails, but
1070, 1535, 1692; V. 99, p...47, 338, 348, 466.
city has taken no action
looking to the exercise of the right.




22

ELECTRIC RAILWAYS

[VOL.

xcix

The Niagara & Erie Power Co. is controlled by the Buff. & Lake Erie
-First div. on pref. under lease was paid Dec.31 1900,4%:
DIVIDEND.
2%; In 1909, Nov.2%; Trac. Co. and the Niagara Lockport & Ontario Power Co. interests, and
1901 to 1907 incl., 4% per annum; In 1908, Nov.. reg. and 4% on account its bonds are guar., p., I.& sk.fd.,one-half each, by these two companies.
Nov..12%
in 1910 and 1911,4%;in 1912, May,2%; 4
Interest. Outstanding. Maturity.
4
ig,.. 45 111444datklajiliWt444MAW
STOCK AND BONDS- Date.
s
ir.r. r
of arrvi „w
$4,654.100
or.yeariendindJune(30i1914:rGross,1$5,046,172; Common, $5,000,000
A It
• AN
2,500.000
other income,S212,128; charges,$1,416,620; stir.,$482,141. Pref. 5%, 32,500,000, cum}
net, 31,686,633;
from July 1909
7,066,000 Nov 1 1936
5 g M-N
(4) Coney Island & Brooklyn RR.
1st and ref mtge. $12,000.- 1906
(subsidiary of the
000_, geld al. 00)----c tf Interest at New York Trust Co. Trustee.
In Dec.1913 the Coney Island & Gravesend Ry.Comm. to acquireBklyn.
48,000 an 1 1919
26.370 Fale El M let mtge.$200,000, 1889 6 g
received permission from the P. S.
Rap. Transit)
liar.
c tf Central Trust Co., trustee, New York City.
(31,000). gold
shares of the stock of this company. Bklyn.1904 Tran. Co. on June 30
102.000 Jan 1 1919
and $13,000 of the 1st Erie El M 2d mtge, 3150.000 1892 6 g J-J
owned $732,000 consol. mtge. bonds of
1914
ctf Central Trust Co., Tru.stee, New York.
($1,000), gold
0/44 ••4 iigNEMOil441 401 4
4 3
consol. mtge.
1,000,000 Apr 1 1941
5 A-0
1901
-Chartered Dec. 10 1860. CrAcommenced run- Erie El M 1st ref sink fund, Interest atgNew York Trust Co.. Trustee.
ORGANIZATION.
$1,250.000. gold ($1,000)..
ning over the Brooklyn Bridge Feb. 15 1898. See V. 66. p. 383.
New York City.
c*tf
Cannot
Brooklyn City & Newtown was leased in Nov. 1897 for 999 years. In Hamburg be calledM. $750,- 1906
745.000 Nov 1 1926
4 g M-N
By 1st
legal
1900 acquired all the stock of that company, but not proceedings com000. gold ($1,000)------ tf Int. at Equitable Trust Co.. N. Y. Trustee.
effected until 1910.
pleting merger with Coney Island & Brooklyn were
39,000 July 1 1952
J
5 g J1902
Marth 8 1910 and July 30 1910 Pub. Serv. Comm. sanctioned the is- Dun & Fred ref M,$100,000, Fidelity Trust Co.. Buffalob Trustee.
On
gold ($100, 3500 & $1,000)
sues of $151.000 and $490,0N,respectively, of 1904 consol. mtge. bonds for Niagara & Erie Pow 1st M,1911
510
5 J-J
Improvm'ts, &c. V. 90, p. 697; V. 91. p. M6. Being unable to sell these
$ .250.000g($1,000)gu p&I guaranty Trust Co., New York, Trustee.
bonds,Pub. Serv. Comm.In Jan. 1911 auth. the Issue of $500,000 notes (see
Bonds.
-Of the $12,000,000 new bends, 32,034,000 are reserved to take
below)secured by pledge of 3625,000 of aforementioned bonds. V.92. p. 59.
-On Jan.271914 announced an increase of10% in the wages ups like amt,of underlying liens. These new bonds are subj. to call on any
Wage Increase.
putting them on the same basis as those of the Brooklyn Int. date at 110 and int. Int, on the 1st and 2d mtges, of the Erie El. Motor
of employees,
Co. is r•aid by Kountze Bros., N. Y. The Erie El. Motor ref, bonds are
Rapid Transit Co., which run from 24 to 28 cts. an hour. V.98. p• 386.
of the Erie City Pass. By. and the Erie
STOCK AND BONDS- Date. Interest. Outstanding. Last Myatt. secured by deposit of entire stocks sink. td. of 1% ann. on these bds. began
Q-F
$2,983,900 Jan'14, 6% Reed Park & Lakeside St. Ry. A
Stock,$3,500,000(par $100)-The Hamburg Ry.
*2,000,000 July 1 1948 Apr. 1 1906 and will be increased to 134% in 1916. Fredonia refunding
consolidated mortgage 1 1898 4 g J-J
First
&
Mercantile Trust Co., New York. Trustee. bonds are no longer subject to call. The Dunkirk
ntf
$2,000,000, gold
any interest date at 103. The
1.500,000 Jan 1 1955 mortgage bonds are subject to call on
4 g J-J
Consol mortgage,$10,000,000 1904
on any int. day
Mercantile Trust Co.. New York,Trustee. Niagara & Erie 1st M. bonds are subj. to call, any or all,
gold ($1,000)______ esti
are guar.,
6 J-J
500,000 Jan 1 1915 at 105. Sk. fd. from Jan. 11918. 14i 7. of bonds auth. Bonds & Ont.
Coll g notes $500,000(31.000) 1911
Lockp.
ntf1 Equitable Trust Co., New York, Trustee. p.. I. & sk. fel., by Buff. & Lake Erie Trac. and Niag.
J-J
1 1939 Power Co., one-half by each. V. 92. p. 530.
2,000,000 July
Brooklyn City de Newtown 1889 5
ROAD.
first mort $2,000.000- _ ntf Mercantile Trust CO.. N. Y., Trustee.
-Buffalo, N. Y., to Erie, Pa., and Buffalo to Hamburg, N. Y..
288.062
5%
Real estate mortgages_______
98.58 m.; leased lines (Dunkirk St. Ry.. 4.96 m.; Erie Elec. Motor Co..
•Includes 313.000 held in treasury.
26.81 m.; Erie & Sub. By.,4.63m.; Buffalo & Lecke. Trac. Co., 4.98 m.).
-interest on all above bonds payable at Cent.Tr. Co.,NX. 41.38 miles-total, 139.96 miles, of which in New York (owned, 80.46 m.;
Bond Interest.
-Of the new 310,000,000 bonds. 34.000,000 are reserved for prior leased,9.94 m.),90.41) miles and In Pennsylvania (owned, 18.12 m.: leased.
Bonds.
liens. 3625.000 are pledged under coll, gold notes of 1911 and 33.875,000 are 26.81 m.: operated, 4.63 in,) 49.56 miles. Second track (owned, 16.34 m.;
reserved for extensions and improvements. No sinking fund and bonds eased. 16.25 m., operated. 3.53 m.), 36.12 mIles. Sidings, c.
•
cannot be called. Notes are subject to call at 101. 'rhe coll, trust notes 4.34 m.; leased, 3.75 m.; operated. .94 m.), 9.03 miles. total track opof 1911 fell due on Jan. 1 1914. but were renewed for 1 year to Jan. 11915. erated (owned. 119.26 m.; leased, 55.63 in.; operated, 10.22 m.), 185.11 in.
See. &
-First track, 22.897 miles; 2d track, 22.208 miles; misc. track,
ROAD.
-P. M. D. Evans; Gen. Mgr., A. R. Myers;
-V.
OFFICERS.
7.039 miles; total °per., 52.144 miles. 462 passenger and 29 service cars. Asst. Treas.. M. D. Evans; Treas. & Asst. Sec., A. F. Tideswell.-V. 88.
-In 1895,6%;in 1896.5%;in 1897,67:in 1898.
DIVIDENDS.
8; p.293. 1001; V.92. p. 525; V. 95,P. 1121. 1206; V. 97. p. 297.
1344%; in 1902.
V. 67, p. 955. In 1899. 10%; in 1900, 10%; in 1901. °
(1) Buffalo & Lackawanna Traction Co.
16%; in 1903. 16%; in 1904. 16%; in 1905. 10%; in 1906, 8%; in 1907;
-Incorporated in New York in June 1906 to furnish
Feb.,2%; May dividend passed. None since until Jan.1914. when a div. anORGANIZATION. forjBuffalo & Lake Erie Trac. Co. In April 1909
entrance into Buffalo
of 6% was paid. V. 98. p. 235.
$100,000
was leased to Buffalo & Lake Erie Trac. for 999 years. Stock universal
-For years ending June 30:
REPORT.
Erie Trac. Co. Has
Net.
0th. Inc. Int-Tax..etc Bal.Sur. (V. 88. p. 748). all owned by Buff. & Lakecontract with Internat. Ry.Co.
Gross.
12 Monthstransfers throughout city of Buffalo through
$1,630,601 $636,069 $13,652 $405,793 3243,928
for
1913-14
In Nov. 1912 P. S. Comm. authorized $160,000 additional bonds
611.119
19,411
1.646,603
411,983 218,548
1912-13
80. These are included
421,398
31,234
1.415.133
25,896 construction and impts., to be sold at not less than p. 1471.
426.736
1911-12
In the amount reported outstanding below.. V.95.
25,955 400,814 181.136
555.995
1,538,003
1910-11
Interest. Outstanding. Maturity.
-P
Date.
BONDSOFFICERS.-Pres., S. W. Huff; V. .3c Treas.. 0. D. Meneely; See.,
31,160.000 Dec 1 1928
-V.93, p. 1105; V. 94, p. 1st mtge, $1,500,000, goldl 1908 5 g J-D
J. H. Bennington: Comptroller, Howard Abel.
Trust Co. Trustee*
767, 1185, 1695; V. 95. p. 1122; V. 96, p. 1020; V. 97. p. 1898; V. 98. P.
(31,000), guaranteed c tf'Interest at New York at 110 andint. They
are subject to call on or before Dec. 1 1913 for betterments and
Bonds
235, 303, 386.
reserved
have no sink. fund. Remaining bonds are
int. by Buffalo
MANHATTAN BRIDGE THREE-CENT LINE.
extensions at 85% of cost. Bonds guaranteed prin. and
ORGANIZATION.-Incorp. in New York. Began operat'g In Sept. '12. & Lake Erie Traction Co. V. 90. p. 235.
On July 10 1912 the Board of Estimate & Apportionment granted a
-Is a double-track road about 4.46 miles long. Began operating
ROAD.
franchise to operate over the proposed route from Flatbush Avenue
221909.
(Brooklyn) to Manhattan. The P. S. Commission on Aug. 14 1912 ap- Dec.
-Ps. M. D. Evans and M. W.
OFFICERS.-Pres. R. E. °risco= V.
proved the franchise. See V. 94, p. 912; V. 95. p. 420.
& Asst. Sec., A. F. TidesFor two decisions handed down by the Appellate Division of the Supreme Dodge; Sec. & Asst. Wass., M.D.Evans; Tress.1471.
well.
-V.88. p. 293. 748; V.90. p. 235: V.95, p.
Court favorable to the company. see V. 97, p. 1733.
STOCKDate. Interest. Outstanding. Maturity.
BUFFALO & DEPEW RY.-A trolley road.
Q-M
Common,
$450.000 Sept'14,1
-Incorporated on April 27 1897. The Independence
ORGANIZATION.
-Of the $450,000
Stock. $1,000.000...-- stock reported outstanding, it was understood
and the
In April 1914 that some was still in treasury, time not yet having expired Trust Co. of Philadelphia owns about three-fourths of the stock
entire 3350,000 bonds.
when stockholders might subscribe.
permission to the Buffalo
In June 1907 the Railroad Commission granted
ROAD.
-Operates about 244 miles of track from Canal St. and Bowery,
Roth. Ry, to build an extension from Depew to Rochester.
N. Y.. over Manhattan Bridge, through Flatbush Ave. extension to Ful- Genesee &
of grading completed, but no track laid.
ton St., Bklyn. Contemplates extension from Fulton Se., Bklyn.,to Long Certain amount
Interest. Outstanding. Maturity.
AND BONDS- Date.
STOOK
Island RR.depot,and from Canal St.(New York) to the North River,mak3305.000
ing a line from the North River to the Long Island RR. depot in Brooklyn. Stock,3350,000($100)_
350,000 Jan 1 1931
5 J-J
Mar.1914(V.98.p.523); Buff & D 1st M.3350.000-- 1901
-Initial quer.dividend of 144% paid
Dividends.
119,533
Dec. 31 1913Loans payable
June, 134%; Sept.. U4%.
-Operates a double-track road from Buffalo to Depew. 13.59
ROAD.
-P.. John C. Brackenridge;
OFFICERS.-Pres., Fred'k W. Rowe; V.
-lb. rail; 5 cars.
Sec. Walter Hammitt;Treas.,Ed,T.Horvrill.-V. 90. p.698; V. 91 p.154: miles of track: 60
-P.. J. Ernest Richards; Sec.
OFFICERS.-Pres., Wm. L. Nevin; V.
176i; V. 94. p. 912; V.95, p. 111. 236. 420. 618. 1331, 1684; V. 96,'p. 285.
and Treas., John T. Mooney. V. 79. p. 2695.
97. p. 1733: V.98, p. 523.
1557. 1840; V.
-A trolley road.
PROSPECT PARK & CONEY ISLAND RR.
-Controlled by Long Island RR., but on June 17
ORGANIZATION.
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999
years to the Brooklyn Heights RR. and equipped the road electrically.
to
(V• 68. p. 1224; V. 69. p. 654.) In Feb. 1907 this lease was assigned
the South Brooklyn Ry. V. 84, p. 569. Rental was $40,000 per annum
1909. when amount increased to $45,000. In considers,and expenses until
tIon of a guaranty by Long Island RE., annual Int. on the greater part of
6 and
Prospect Park & Coney Island's bonded debt has been reduced fromthe 2d
7% to 444%. See V. 56, p. 42,• V. 62, p. 187. $172,600 stock, all
M.6s,3197,200 of income 6s and $80.0000f 1st M .65 are owned by L.I.RR.
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
$250,000
Stock, $100
4
5;
2 0000
3 0 °W Feb 1 1926
-A
Second mortgage, now first 1886 444 F
160,000 Feb 1 1926
-A
each)c*.kr 1886 6 F
96,000 Mar 1 1931
444 g M-S
mortgage, now second, 1891
104,000 Mar 1 1931
6 M-S
gold ($1,000 each)___c*&r 1891
Interest on above mortgages payable at U.S. Mtge.& Trust Co.. N.Y.
250.000 May 1 1920
1880 6 M-N
Income bonds, non-cum
-Embraces 9.56 m les of first track.
ROAD.
-Now Included in those of Brooklyn Rapid Transit. The
EARNINGS.
Prospect Park & Coney Island received as rental from Brooklyn Heights in
year ending Dec. 31 1913, 345.000: other income. $32,957: total, $77,957;
Interest, taxes. Sm.. $79,910; deficit, 31.753.

0000
1

-A trolley road.
BUFFALO SOUTHERN RY.CO.
-N.A. Bundy was appointed receiver Sept. 26 1913.
Receivership.
-Incorporated in New York on Aug. 26 1904 and is
ORGANIZATION.
a consolidation of the Buffalo Hamburg & Aurora Ry. and the Buffalo
Gardenville & Ebenezer Ry. V. 79, p. 2146. Franchises perpetual. Has
trackage rights in Buffalo over tracks of the International Traction Co.
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
$547,200
Stock, $2,000.000 ($100)_
600,000 Oct 15 1934
1st mtge. 32.000.000. goldi 1904 5 g A-0 15
c*-ntf Int. at Seaboard Nat. Bank, N. Y., or at
31.000)
Fidelity Trust Co., Buffalo, Trustee.
-No s. f., but from $50,000 to 3100,000 bonds are subject to call
BONDS.
at 110 and int. on any int. date upon 3 months' notice. 31.400,000 bonds
reserved for future extensions and equipment.
-For cal. year 1913. gross. $79,902. In 1912, gross.
EARNINGS.
$78,442.
-Operates from Buffalo to Hamburg. East Hamburg and OrROAD.
chard Park, 154i miles; also has a line from Buffalo through Gardenville
and Ebenezer to Lien's Park, 544 miles. An extension to East Aurora,
15 miles, is under construction, 544 miles completed. 60-1b. T and 80-1b.
girder rail.
-P., Geo. F. Wells,
OFFICERS.-Pres.. Wm.M. Griffith. New York; V.
East Aurora, N. Y.; Sec.. H. M. Gear. Buffalo; Treas. & Gen. Mgr.. N. A.
-V.86. p. 419.
Bundy, Buffalo.

-A trolley road.
VAN BRUNT STREET & ERIE BASIN RR.
-Chartered Feb. 15 1861. Stock, $200,000, all
ORGANIZATION. &c.
BATAVIA TRACTION CO.
Issued; joar, $10. Bonds, $75,000 1st mtge. authorized; $31,000 out.
ORGANIZATION.-Incorp. In N. Y. Mar. 19 1914, and purchased the
Track, 2.78 miles, changed to electricity in 1898. 6 pass. cars. For year
income. tracks, rolling stock, &c., of the Buffalo & Williamsville Electric Ry. Co..
ending June 30 1913, gross, $39,949: net, after taxes. $6,906: other
$694: Interest. dec., $1,950; balance, $5,650.
which that company operated in Batavia, N. Y.
OFFICERS.-Pres., John F. Murphy; V.-P. D. W. Sullivan; Sec. and
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
'
Treas., Wyllys Terry. Office, 264 Van Brunt St., Brooklyn, N. Y.
$25,000
Stock 325.000 ($100)
16.000 July 1 1944
5 g J-J
First mtge $25,000 ($100)___ f 1914
N. Y.
Redatparon 60days notice.lInt. at Batavia, N.Y. Herbert T. Booth,Tr.
BUFFALO,
-A trolley road.
-Owns and operates 244 miles of track in Batavia which was
ROAD.
BUFFALO & LAKE ERIE TRACTION CO.
Default.
-The company having defaulted on the int. due Nov. 1 1912 on formerly owned by the Buffalo & Williamsville Electric Ry.
the 1st & ref. M.5% bonds(May & Nov. 1913 and May 1914 int. also deOFFICERS.-Pres., Stephen W. Brown; Sec., Murton S. Dennis:
faulted), a protective committee requested the bondholders to deposit Treas., Frank W. Garnier.-V. 99. p. 269.
their bonds with Equitable Trust Co., 37 Wail St., N. Y., as depositary.
or the Girard Trust Co. of Phila. as sub-depositary.
BUFFALO & WILLIAMSVILLE ELECTRIC RY.
The aforesaid committee also drew up a plan of reorganization (see
-Chartered Aug.10 1891. In May 1904 authorized
ORGANIZATION.
V. 97, p. 297, but in Dec. 1913 the plan was abandoned. Negotiations for
under way.
capital was increased from 375.000 to $3,500,000, and in July 1904 a new
another plan are
was made to provide
-Incorporated In New York and Pennsylvania In mortgage for $3.500.000Trac. Co. (see above)for extension to Rochester.
ORGANIZATION.
purchased the tracks, rolling
In May 1914 Batavia
Dec. 1906 and Is a consolidation of the Hamburg Ry., the Dunkirk & Frein Batavia. V. 99, p. 269.
donia RR.. the Buffalo Dunkirk & Western RR., the Lake Erie Electric stock, property. &c., of this company
Interest. Outstanding. Maturity.
AND BONDS- Date.
Traction Co. and the Erie Rapid Transit Co. Leases the Erie Electric
STOCK
$75,000
Motor Co.for 999 years, which company leases the Erie City Passenger Ry. Stock (33,500.000 authorized
5 g .14
127,500 July 1 1944
for 999 years from Oct. 1 1888 and the Erie Reed Park & Lakeside Street 1st mtge. $3,500.000. goirq 1904
Int. at Com'wealth Tr. Co,. Buffalo, Trustee
1909 leased the Buffalo &
Ry. for 999 years from March 1 1901. In
4500 and $1,000)
stock
Lack. Trac. Co. for 999 years. V. 88, p. 1001. Also owns all the
-Are subject to call on any interest date at 105.
Bonds.
of this company,and guarantees the bonds. Also owns all stock ($750,000.
-For cal. year 1913. gross, $44.242. In 1912. gi
EARNINGS.
all out) of the Dunkirk St. sty., which company has a franchise In Dunkirk
$44.882. In 1911. gross. 342,839.
and has built about 5 miles of track.




INTERNATIONAL RAILWAY CO. 0
BUFFALO 61, VICINITY.
13
° Randall Road

L

S

Maplestreet

0

N °

Warrens Corners
Cambria

Hi kor Corn rs 9'
I5
i

A

LE

.,,TON

TUSCARORA INDIAN
ewis ori_Heights

OQKPORT
West Lockpori
i

Lockport Junction'

°Niagara
University
esoGe
o Walmore
0,
5




24

ELECTRIC RAILWAYS

-6.65 miles of track. Buffalo to Williamsville. An extension
ROAD.
been comfrom Williamsville to Rochester, 60 miles, is contemplated: has
by
in
pleted in village of Batavia, 2% m of track, buthas 1914 acquired by
been granted
Batavia Tract. Permission to build remainder
-lb. grooved girder.
-lb. T and 90
Rails 80
Railroad Commissioners.
-P. and Gen. Mgr.. L. L. Grove:
OFFICERS.-Pres..L. L. Lewis Jr.; V.
Sec., Godfrey Morgan: Treas.. L. K. Warnick.-V. 84, p. 1306; V. 99.
p. 269.

[VOL.

xcrx.

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
tbe 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..
$60.000 Tonawanda St. By. 1st 6s. 340,000 bonds of Tonawanda Elec. RR.,
5518.000 bonds of the Niagara Falls & Suspension Bridge and $22.500 bonds
of the Niagara Falls Whirlpool & Northern are pledged as security for the
International Traction collateral trust loan.
-For year ending June 30 1914, gross. 36.820.349: net,
EARNINGS.
after taxes, $2.669,538; fixed charges, 51,777.196; balance. $892,342.
ROAD.
-Mileage Jan, 1 1914: Length of line. 223.26 (owned, 198.25.
leased, 18.36, trackage. 6.65): total miles of track, incl. second track,
crossovers, sidings. &c.. 382.19 miles. Gauge, 4 ft. 814 in. Rail (steel).
45 to 140 lbs
-Jan. 1 1914, 1,438 cars of all classes, including 1,240
EQUIPMENT.
passenger cars: power furnished by Niagara Falls Power Co., the Cataract
Power & Conduit Co. and the Tonowanda Power Co.
-Chairman Exec. Comm., Liao.
OFFICERS of all operating companies.
-P., E. J. Dickson; Sec.. John A.
Bullock; Pres., Edward G. Connette: V.
McKenna; Treas., Geo. W.Wilson; Aud.,Charles A.Chavei.
OFFICERS of International Traction Co.-Pres., Rodman E. Griscom
-P., E. G. Connette: Sec., John A. McKenna; Treas., Geo, W. Wilson:
V.
Aud., Chas. A. Chavel.-V. 96. p. 63, 135, 285, 716, 1021.• V.97. P. 1357.
1663; V. 98. p. 155. 386.

-Trolley (see Map. p. 23).
INTERNATIONAL TRACTION CO.
The United Gas & Electric Corp. (see statement of company under New
York) owns over 57.56% of Internat.Tree.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 45, $ for 3, for new col. trust 4s of
Internat. Tree. Co. due July 1 1949, and limiting the issue to 318,335.000 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.
-Organized on Jan. 18 1899 under N. J. laws and
ORGANIZATION.
acquired all the electric railways connecting the cities of Buffalo, Niagara
Fails. 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 Victoria Niagara Falls Park and connected it with the American system by the
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 34.984,500 bonds of
the International By. Co. Has traffic agreement with Niagara Gorge RR.
-mile line. Contract runs to 1941.
BURLINGTON, IOWA.
for the operation of cars over the latter's 8
-On April 6 1913 a strike was begun on the company's lines, but
Strike.
-A trolley road.
BURLINGTON RAILWAY & LIGHT CO.
on April 12 1913 the men returned to work under an agreement by the comORGANIZATION.-Incorp. in 1912 in Delaware and acquired the Peo•
pany to listen to all complaints and to arbitrate all differences. On May 1
settling all disputes with the Amal. Assn. of pIe's Gas & Elec. Co. and old Burlington By. & Light Co. Does entire
1913 agreement was made
Street & Elec. By. Employees of Am. to continue until May 1 1916 and municipal and commercial electric-lighting and power business in Burlington and suburbs. Also owns steam-heating and gas plants. Railway
from year to year thereafter.
Interest. Outstanding. Maturity. franchises are perpetual, except for two suburban extensions of minor ImSTOCK AND BONDS- Date.
portance. Other franchises expire in 1927.
310.000,000
Stock, common. 310,000.000Interest. Outstanding. Maturity.
5,000,000 July'14. 2%
STOCKS AND BONDS- Date.
Pref,4% cum. $5,000,00052.000.1100
1912 4 J-J
16.401.400 July 1 1949 Common. $3,000,000
Coll trust. $18,335.000
-A
1.000.060
450,000 See text
Prefferred, $2.000,000
Serial debenture notes. 3500.- 11913 6 F
ci Int.at Chase Nat. Bank,- N.Y.,or Fidelity First mortgage, S7.500.000. gl 1912 5 M-S
1,400.000 Mar 1 1932
000 (31.000), gold
Trust Co. of Buffalo, Trustee.
31.000). sinking fund_ _eslEquit. Trust Co.. N.Y.. Trus. Int. in N.Y.
4.4 J-D15
120,000
1914-1916
Car trust certificates No 2 1906
-Remaining bonds are for additions, betterments or extensions.
Bonds.
cs Commercial Trust Co. Phila., Trustee.
$600.000 (31.000)
under certain restrictions, at 80% of cost. Callable at 105 and Int. on any
6%
88,000 See text
Car trust certificates No 3 1907
int. day on 3 months' notice. Sinking fund of 5% of gross earnings begins
ICommerclal Trust Co.. Phila., Trustee.
3250.000
July 1914. V. 95. p. 678.
-The debenture notes mature 350,000 annually be•Bonds and Notes.
-For cal. year 1912, gross, $320.240: net. $152.538; other
EARNINGS.
ginning Feb. 1 1914. Callable at 100 and int, on any int. date. Car trust
certfs•No. 2 are secured by title to 150 cars. They fall due in semi-annual Income, $8.395; total Income, $160.933. In 1911, grass, $306.519: net.
Income, $10,428; total income, 3151.768.
of $30,000 each from Dec. 1906 to June 1916 inclusive. Car after taxes. 5141,310; other
Installments
-Owns and operates about 1934 miles of rack in Burlington
ROAD.
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 and its suburbs. 66 to 85-lb. T rail. 62 passenger cars.
-P., E. C. Walsh; Sec. & Trees
igbee: V.
OFFICERS.-Pres.,000.
March 1 1908 to Sept. 1 1917.
-V.05. p. 678. 1039.
-As a result of the reorganization bringing about the issuance & Gen. Mgr.. C. H. Walsh.
Dividends.
of new coll, trust bonds and the settlement of the International Ry.'s indebtedness to the Traction Co.. a div. of 2% on the pref. stock was paid
Feb. 1 1913; also an additional 4% on account of accumulated dividends:
BURLINGTON, VT.
July 2% and an add'I 2% on account of accumulated divs. In 1914. Feb.,
-A trolley road.
BURLINGTON TRACTION CO.
2% and 2% additional on account of accumulated dividends. The amount
accumulations is 42% (V. 98. p• 386)• July. 2%•
due on account of
STOCK AND BONDS- Date. Interest. Outstanding, Maturity.
-In June 1906 we were Informed that the majority of the Stock. 5200.000 (par 3100)Franchises.
Q-F
5200,000 1913-14.8%
none in Buffalo or other cities
franchises in Buffalo are practically perpetual, less than 40 years. excepting 30
1942
350.000
_ tf 1912
5%
-year bonds.
and towns having then an unexpired term of
5500.000_-The remaining $150,000 bonds can only be issued with permisBands.
of 634
extension
only the Fillmore Avenue franchise, covering an years; also portions sion of Public Service Commission.
miles on the east side In Buffalo. which was limited to 25
-Owns 12 miles of track in city of Burlington. Rails 50. 60
ROAD.
of Franklin, Pearl, Genesee, W. Seneca, Morgan and W. Chippewa Sts.;
-lb. T. Owns 15 box cars, 18 open cars, 2 snow plows.
extension of Morgan St.or Elmwood Ave.,in the Terrace and College Place. and 75
-Previous to 1903. 4% yearly. From 1903 to 1912. 6%
Dividends.
-On Feb. 20 1902 the InternaConstituent Companies.
Consolidation of
8%.
tional Railway Company was incorporated in New York with 310,120.500 yearly. In 1912 and 1913.Gross.
Charges, Divs. Surplus.
Net.
Year ending June 30stock, and in Aug 1902 this was Increased to 317.000.000, of which $16.$129,398 $48,648 518,250 $16,000 $14,398
the International Traction Co.), as a 1913-14
320.500 has been timed (all owned by
14.000
16,000
9,537
126,185 39.537
consolidation of the following companies, whose shares had previously been 1912-13
-P., Jno. J. Flynn; Treas., W.F
OFFICERS.-Pres., Elias Lyman: V.
held by the Traction Co.; V. 74,13. 427.
Bellevue & Hendee; Sec.. C. W. Brownell.
-V.94. p. 1185.
Buffalo Railway Co. (after Buffalo Traction and Buffalo
Lancaster had first been merged in the same).
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elmwood Ave. and Tonawanda ElecBUTTE, MONT.
tric Railway had been merged).
-Trolley.
BUTTE ELECTRIC RA LW A Y.
Buffalo Tonawanda & Niagara Falls Electric RR. Co.
company was incorporated In West Virginia In December 1899 as
This
Lockport & Olcott Railway.
Butte Consolidated By. sold at foreclosure.
Railway (after the Niagara Falls successor of the BONDS- Date.
Niagara Falls & Suspension Bridge
Interest. Outstanding. Maturity.
STOCK AND
Whirlpool & Northern By. bad been merged in It).
$1,000.000 Oct '06. 2
M-N
Stock. $1.000.000 (par 5100)Niagara Falls Suspension Bridge Co.
700.000 Mar 1 19 5
g M-S
the Crosstown Street 1st M.3700.000, gold, $1.0001 1900 5 W. A. Clark & Bro.. Butte.
The Buffalo Railway owned the $2.860.000 stock of
cscptlInterest at
each
By. of Buffalo, and this passed to the International Railway Co.
-May be called for payment on Mar. 1 1915, or on any interest
Bonds.
On July 1 1902 the International By. Co. acquired by purchase the
0110% par value of bonds begins Mar. 11916.
Niagara Falls Park & River By. the Clifton Suspension Bridge Co.,the day thereafter. Sinkingfundin 1906, May,2%; Oct., 2%. No div, since
-In 1905, 4%;
Dividends.
Lewiston Connect, Bridge Co. and Queenston Heights Bridge Co. and in
,
Dec. 1912 merged the Electric City By. and in April 1913 the Crosstown to Feb. 1914.
-Operates 35.24 miles of track. 56-60-1b. T rails. 58 pass. cars
ROAD.
St. By. was also merged,thus leaving the
Railway Co. and the
-Year ending June 30 1914, gross, $546,213; expenses,
EARNINGS.
Frontier Elec. Ry. the sole operating companies and the International Trac$572,555; deficit, $26,342.
tion Co. the holding company.
-P J. R. Wharton; Sec. &
In Dec. 1912 the P. S. Comm. authorized the Railway Co. to make a
OFFICERS.-Pres., W.A. Clark, Butte: V.
-V. 72, p. 190.
mortgage for 360.000,000 as below. V.95, p. 1608. On Nov. 20 1913 the Treas., J. H. Anderson, 20 Exchange Place, N. Y.
P. S. Comm. authorized $2.366.000 of these bonds in addition to amounts
previously issued. V. 97, p. 1504.
CALAIS, ME,
Liens Of Constituent and Owned Companies,
-A trolley road.
CALAIS STREET RAILWA Y.
BONDSDate.
Interest. Outstanding. Maturity.
Internet By ref & imp mtgel 1912 5 g M-N $10,420,000 Nov 1 1962
-Stock, 350.000 corn. and $50.000 pref.; first
ORGANIZATION.
$60,000,000
--c*StrfBankers Trust Co.. New York. Trustee. mortgage, 1910 (ntf). 5s. J-J. 3100.000 due July 1 1930.
5g F
Buffalo By 1st con mtge 1891
-A
5.000.000 Feb 1
-Year ending June 30 1914. gross, $37,806: net. $9,762:
REPORT.
($1,000)$5.000,000.g,ce&ri Int. at Co.13 office, Buff., E.W. Clark & 1931
Co.,
Phila.. or Bankers Tr. Co., N.Y.,Trustee. Interest and taxes, $5,562; surplus. $4.200.
ROAD.-CalaLs Street By., lower wharf to upper bridge, Calais. 4 miles:
aTonawanda St RR 1st M. 1892 6 J-J
60,000 July 1 1922
3 miles;
Interest at company's office, Buffalo.
St. Stephen Electric Ry., Milltown, N. B., to St. Stephen, N. B., corporaaTonaWanda Electric RR 1st 1895 4 A-0
40.000 April 1 1917 total. 7 miles. The St. Stephen Electric Street By. is a separate
mtge
Interest at company's office, Buffalo.
tion, but is owned entirely by the Calais company. 9 cars.
bCrosstown St By 1st mtge. g 1892 5 g M-N b2.974.000 May 1 1932
OFFICERS.-Pres., George A. Curran; Sec., Treas. & Gen. Mgr..
(33,000.000), gu p & _' Int. at Metropolitan Tr.Co., N.Y.. Trustee. Benjamin Y. Curran; Supt., 0. F. Pray; all of Calais. Me.
5 g J-D
Buffalo Traction 1st mtge. 1898
673.000 Dec 1 1948
Int. at Metropolitan Tr. Co.. N.Y., Trustee,
35.000.000
Buffalo Bellevue & Lancaster 1897 5 J-D
215,000 June 1 1927
CANTON, MASS.
Redeemable at roar.
mtge
-A trolley road.
1895 5 g J-J
Buff & Meg Falls Elec Ry750,000 July 1 1935
BLUE HILL STREET RAILWAY.
1st M,3750.000, gold____c Interest at Bankers Trust Co., New York.
-Franchise perpetual.
ORGANIZATION.
5250.000, g, s f, red 1896
2d M,
45.000 July 1 1921
5 g J-J
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
aft 1901 at 105 (31.000)_c Int. at Bankers Trust Co., N. Y., Trustee.
$300.000
5 ir J-J
Buffalo & Lockport 1st mtge, 1898
500.000 July 1 1938 Stock. 3300.000 ($100)------ 1903 5 g A-0
251,000 Oct 1 1923
First mortgage. $500.000. 1
gold, $500,000
Equitable Trust Co.. New York, Trustee.
'Int. at Old Colony Trust Co., Boston, Trus.
gold
Lockport & Olcott By 1st 1900 5 g J-J
800.000 July 1 1920
at 115 and int, on any int. day.
-Subject to call as a whole
Bonds.
mortgage, $1.000.000, goldlInt. at Guaranty Tr. Co., N. Y., Trus.: also
net.
1913.
-For 12 mos. ending Dec. 3136,869.gross. $95,656;
EARNINGS.
cal, at Buffalo. Guar., p. & 1., by Inter. Trac.
1,0)
400
balance.
Niagara Falls Suspension 1897 5 g J-J
300.00( Jan 1 1928 after taxes,$28,887: interest, 322,018:
of track from Mattapan, where connection
Bridge, Clifton Suspension, Toronto General Trusts Co., Trustee.
-Operates 19.5 miles
ROAD.
Bridge
Int. at American Exch. Nat. Banlo, N. Y. Is made with the Boston Elevated By.. to Canton and Stoughton, at which
Norfolk Street By. and the Bay
Lewiston Connecting Bridge 1898
5 g A-0
125,000 Oct 1 1928 latter point it connects with the Bristol &cars.
25
Co. Queenston Heights, Toronto General Trusts Co., Trustee.
State Street By. Standard gauge.
-Ps., A. S. Pratt and E. J. B.
Bridge Co
Int. at American Exch, Nat. Bank, N. Y.
C. H. French; V.
OFFICERS.-Pres.,
aNiag PaIls & Susp Bridge Ry_ 1893 6 J-J
518,000 July 1 1923 Huntoon: Clerk, William T. Crawford; Treas., Henry B. Sawyer; Gen.
-V. 78. p. 1906.
aNiag Falls Whirlpool &No Ry 1894 6 J-J
22.500 July 1 1923 Mgrs.. Stone & Webster Mgmt. Assn.. Boston.
a All owned by international Traction Co.
b Of this $350.000 owned by International Railway Co.
CAPE MAY, N. J.
-Of the Internatl Ry, ref. and imp. bonds, $11.021,500 are reBonds.
served to retire prior lien bonds: remaining bonds may be issued only for
CAPE MAY DELAWARE BAY & SEWELL'S POINT RAILROAD.
add'ns, impts., &c., with consent of the P. S. Comm. Coup. bonds in -An electric and steam road.
denom. of $1,000 and $100 and reg. bonds of $1.000 and multiples. Red.
In Mar.1912 Nelson Z. Graves of Phila. acquired control. V.94.p.826.982.
on any int, date at 110 and int. Int, payable at the office or agency of the
-Organized under the general railroad laws of New
ORGANIZATION.
company in New York. Sk. fd. began in 1912 and will provide by July 1
by consolidation of the Deiaware Bay & Cape May
1919 sufficient funds to retire all outstanding underlying bonds of a total Jersey on Jan. 19 1893 May & Sewell's Point RR.) and the Cape May &
Tonawanda Elec. IlK. mtge. RR.(owner of the Cape
par value of $12.651.500. V. 96. ro. 62. The
Schellenger's Landing RR. Uses electric power for passenger service and
due April 1 1907 was extended until 1917. The Niagara Falls & Suspension
freight.
Bridge By. bonds of 1893 and the Nlag. Falls & Whirlpool Northern bonds steam power for




SEPT., 1914.j

ELECTRIC RAILWAYS

STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
Stock paid in (par $50)__ _ _
3150.000
First mtge ($150,000)_cur- 1893 5 F-A
150.000 Feb 1 1923
Other debts Dec 31 1912__
391.449
In 1894 and 1895 but one
-interesi
.payment was made, by mutual consent
of bondholders. Interest was reduced to 5% for 5 years from Feb. 11896.
and remains at 5%. Trustee is N. J. Trust dr 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. 31 1912. gross, $27,322; expenses.
$32,991; def. from oper.. $5.669; taxes. int.. &c.. $10,202; total deficit.
$15.871.
OFFICERS.-Pres.. Nelson Z. Graves. Philadelphia.
-V. 72. P. 532
V. 94. p. 826. 982.

25

New Valley Junction Water 8z Lt,Co. St. Louis Springfield Peoria RR.
Oskaloosa & Buxton Elec. By. Co. Topeka Edison Co. &
Oskaloosa Traction & Light Co.
Topeka Railway Co.
Peoria Railway Co.
Urbana & Champaign Railway, Gas
St. Louis Electric Bridge Co.
& Electric
St. Louis Electric Terminal RY.
Urbana Light. ileac & Power Co.
In April 1907 obtained a 50
-year franchise on certain streets of St. Louis
and was also given authority by the U. S. Governmen to
build a
t
across the Mississippi River between Venice,111., and St. Louis, Mo.bridge
This
bridge was opened to traffic in Nov. 1910 and,
St.
represents an investment of over $6,000,000. with terminals in On Louis.
V. 92, p. 259.
July 1
1911 began running express trains between St. Louis & Peoria.
174 miles.
with only two stopa-at Springfield and Lincoln-th
e running time being
534 hours, or about 32 miles an hour (V. 93.
p. 44).
company opened offices in Chicago. with the purpose In Aug. 1911 the
of securing freight
from points between Chicago and St. Louis, though company
has as yet
no direct entrance into Chicago. V.93.
CEDAR RAPIDS, IOWA.
p. 527.
IOWA RAILWAY & LIGHT CO.
On Dec. 31 1913 the bonded indebtedness
of the properties controlled
ORGANIZATION.
Cedar Rapids & Iowa was $42.771.000.
-Is a re-incorp. In 1912 of the
STOCK AND BONDS- Date,
City Ry. & Lt. Co. and has acquired the properties formerly owned by the
Interest. Outstanding. LastDivid.
Common,215,000.000 ($1OO)following companies:
$9.993,400 Aug'14..34%
Pref6% cum $10.000.000(3100)- iMarshalltOwn Lt., Power & Ry. Co
Boone Electric Co.
Q-J
7.135.500 Oct '14. 135
Stock.
Cedar Rapids & Iowa City Ry.& Lt.IPerry El. Lt., Pow. & Heat Co.
-Additional preferred
are equal to 9% on preferred stock can only be issued when net earnings
Tama & Toledo Electric Power Co.
Co.
stock out and
Issued. Preferred stock is listed on Montreal the amount proposed to be
Marion Light. Heat & Power Co. Tama & Toledo Ry. Co.
Stock Exchange.
Owns and operates entire electric light and power properties in Cedar
Dividenos.
Rapids, Marshalltown. Boone, Marion, Perry,Tama.Toledo and Nevada. div. on coin.. -6% per annum is being paid on the preferred stock. First
%, paid May 15 1913: Aug. 1913, 3.1, %;
Inter, road between Cedar Rapids and Iowa City and Cedar Rapids and 1914. Feb., .3i %; May, %; Aug., %.
Nov., %. In
ount Vernon; the local street railways in Marshalltown, Boone, Tama
REPORT -For cal. years. Report for
and Toledo; the gas plant in Marshalltown and the heating properties in
19131D V.98. p. 1456.
Cedar Rapids, Boone, Marion and Perry. Interurban road is on private
Grass Earnings1913.
1912.
1911.
. 1910.
right of way.
Interurban
$3 055 520 $2,964,955 $2.864,793 $2,440,592
Contract with City.
-For contract with City of Cedar Rapids for the con City lines
2.129,804
2.030,994
1,950.880
1,896.587
struction of a dam.&c.,see V.98. p.235.
Gas
466,450
428,977
383.324
In April 1913 the Nevada (la.) Elec. Co. was acquired.
357,315
Electric light and power 1,977,349
1.689,477
1,473,938
1,322,581
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Steam heating
247.530
219,170
197.737
174,822
Miscellaneous
Common 83.000.000
$1,700,000
71,445
82,074
31,548
26,141
Pref,$3,000,000, 7% corn
1,334.005
Total gross earnings__ $7,948,098 $7,415,647
1st & ref mtge 510.000,000 gi 1912 5 M-S
4.078,000 Sept 1 1932 Operating
$6,902.220 $6.218.038
expenses __
($500 and $1,000)
$4.021.991 83,867,869 28.441.100
catHarris Tr. & Say. Bank, Chicago, trustee.
Cad Rap & Iowa City R & L 1903
5 g J-D
242,000 June 1 1923 General & overhead exp.)$4,613,3361
81.205
83,700
58,596
1st M $2,000,000 gold ($1,-( Illinois Tr. & Say. Bk.. Chicago. co-trustee Taxes
250,015
182,071
165,932
000)
ctti Int. at Harris Tr. & Say. Bank. Chicago
Total oper. expenses_ 34,613,336 $4.353.214
Bonds.
-Of the remaining 1st & ref. bonds,$242,000 are reserved for prior
$4.133,604 $3,665,628
lien and $5,680,000 are for extensions and additions at 80% of cost for acNet earnings
quisitions, &c., under certain restrictions. Subject to call on any int. date
53.334.762 33.062,433 $2,768,580 $2,552.410
on or after Sept. 1 1915 at 103 and int. Sink.fd. 1% per ann. of bonds out. Less net earnings of Des
Moines and Topeka
beginning Mar. 1 1916 to 1921: 1922 to 1926. 2%; 1927 to 1931.3%. Sink.
prop. prior to purch_
fund to be used for redemption of bonds or for extensions and better$54.183
ments. V.95. p. 750.
On Ced. Rap. & Iowa City By. & Lt. 1st M.a sinking fund began April
$3,334,762 $3,062,433 82,768,580 32.498,227
1 1908 and bonds are subject to call on or after June 1 1913 at 10734 & Int. Interest,&c
82,072.539 $1.975,969 $1,885,221 $1,536.687
Dividends on preferred_
See V. 77. p. 2279.
406,372
344,547
318,276
273,286
224,805
EARNINGS.
-Of combined properties for year ending Mar. 31 1914. Dividends on corn.(3%)
gross,$1,053,869; net.after.exp..taxes, maint,and renewals.$425,233;
oper.
22,703,716 22,320,516 $2,203,497 81.809,973
int., $201,000; bal., $224,233.
Surplus
$631,046
$741,917
$565,083
$688,254
-Operates an interurban road 4231 miles long on private rightROAD.
During 1913 $1,343,469
of-way substantially 100 ft. wide between Cedar Rapids and Iowa City against $468.670 in 1912. was expended for maint.. renewals & betterm'ts,
also local street railways in Marshalltown. Boone. Tama and Toledo and
ROAD -The interurban lines comprise 489.54 miles of
Cedar Rapids and Mount Vernon, an extension from Mount Vernon to comprise 169.60
track; city lines
miles of track: total
Lisbon, 2 miles, is being constructed.
lines.
entered into a contract with Wabash of all for a 659.14 miles In 1912
RR.
A 4,500 b. p. turbo-generator having a generating capacity of 15.000 general interchange
physical connection and
at Decatur. Has working agreement with all steam
11. p., has been installed. A contract has been awarded for a new 2.100 roads
in its territory that can be of service, except
Ii. p. turbine.
the Pennsylvania and
N. Y. Central lines. Interurban lines have 150
OFFICERS.-Pres.and Gen. Man.,William G. Dews; V.
-P. and Treas.. 750 freight cars; city lines have 210 motor carspassenger. 128 express and
and 149 others; 4 central
-P., John A. Reed; Sec., C. S. Woodward, all of Cedar power stations and 40 sub-st
Isaac B. Smith; V.
ations.
Rapids.
-V. 95, p. 750.
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.
CEDARBURG, WIS.
-V.
V.96, p.62.652. 1222, 1365, 1423; V. 94, P. 911. 982: V. 95. p. 172. 1542;
97.P. 521.1426; V. 98. p.839, 139.
MILWAUKEP. NORTHERN RY.-An electric road.
1456, 15213.
ORGANIZATION .-Incorporated in Wisconsin in 1905. Operates interurban system entirely on private right-of-way. Franchise in Milwaukee
LOCAL STREET RAILWAYS.
expires Dec. 31 1931 and provides for 5
-cent single fares and that 8 tickets
(1) Bloomington 5c Normal Railway & Light Co.
be sold for a quarter within city limits. Port Washington franchise expires
ORGANIZATION.
Jan. 2 1956. All others perpetual. Enters Sheboygan over tracks of She-Incorporated in Illinois on Feb.
solidation of the Bloomington & Normal By., Electric &23 1906 as a conboygan 13y. & Electric Co. under perpetual contract.
Heating Co. and
the Consumers Light &
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. railway and commercialHeating Co. of Bloomington. Does all local street
electric light and power business in Bloomington
Stock, common, 31,000,000- -31.000,000
and Normal and operates hot-water and steam-heating system in
1st pref., 3400.000,6% cum__ ______
BloomM-S
400.000 Mar '14.3
ington. Principal railway franchise in Bloomington expires in 1929.
2d pref.$600,000,6% non-cum. -In
M-S
600,000 Mar '13.3% this franchise city reserves right to purchase
plant
let mtge $4,000,000 goldl 1911
5 A-0
1,595,000 Apr 1 1931 plus 10% of same. Railway franchises in Normal at an appraised value
that are not perpetual
($500 and 81.000)
ctflint. at First Say.& Tr. Co., Miler.. Trustee. expire in 1922. Principal
lighting franchises are perpetual.
Bonds.
-Remaining bonds may be issued only when net earnings are
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
twice int. charges, incl. bonds to be issued, at not exceeding 75% of cost Corn
stock.51.200,000 (3100)$1.200,000
f extensions, additions, &c. Subject to call at 105 and hit. V.92,p. 725. Pref.
stock, 5450,000.6%450,000
Dividends.-Dlyidends of 3% paid 5.-a. on 1st & 2d pref.from Sept. 1911
5 J-J
to Mar. 1913 (inci.1. In Sept. 1913 3% paid on 1st pref. and div. was 1st and gen mtge, $3.500,000 1911
968,000 Jan 1 1928
gold 41.000)
cs&rtf Illinois Trust & Say. Bk., Chicago, Trustee.
passed on 2d pref. In Mar. 1914,3% paid on 1st pref.; none paid on 2d pf.
B&NRE&H lst mtge, 1902
5 g J-D
600,000 June 1 1927
EARNINGS.
-For year ending June 30 1914,
$600,000($1,000) g,s Lest( Int. at Ill. Trust & Say. Bk.. Chic.. Trustee.
taxes, $162.693; int., $78,581; surplus, $84,112. gross. $354,092; net, after
Bonds.
-Of the 23,500,000 1st and gen. mtge. bonds, $600,000 are re
ROAD.- Will be 120 miles long,running north from
served for prior liens and 31.932,000 for extensions and impts. under careMilwaukee to Cedarburg, where It forks,
ton and the other to one branch extending to Sheboygan via Port Washing- ful restrictions. Are guar. prin. and int. and s. f. by Ill. Trac. Co. Int.
Fond du Lac. Operates 69 miles of track, including In N. Y. or Chicago. Callable as a
whole or in part for s. f. at 10234
634 miles in Milwaukee, between Milwaukee.
Cedarburg and Sheboygan. Int. on any int. date. Sink. fit. 1% of bonds out annually. 1912 to and
Is double-tracking the line between
1919;
completed. Gauge,4 ft. 834 in. 70 Milwaukee & Cedarburg. 6.04 miles 2% 1920 to 1928. Of the bonds outstanding, 51/3,000 are in sink. fund.
-lb. T rail.
V. 93. p. 665. The Ry., Elec. & Heating Co. bonds are subject to call at
OFFICERS.-Pres., Wm. A. Comstock; V.
-P. and Gen. Man.. F. W. 110 and int. Sink. fit., $10,000 annually, began June 1908; $67,000 are
Walker; Sec. and Treas.. Henry A. Haigh.
in sink, fund and included in amount outstanding.
-V.85. p. 601; V. 92. p. 725.
ROAD.
-Operates 20 miles of track in. around and between Bloomington and Normal. Rails 70 and 72
-lb. Has 33 pass. and 6 misc. cars.
V. 93. p. 665.
CHAMBERSBUR G, PA.
(2) St. Louis Electric Terminal Railway Co.
CH AMBERSBURO & GETTYSBURG
ELECTRIC RY.
Owns extensive freight and passenger terminal stations costing
about
ORGANIZATION .---Incorporated in Pennsylvan
$5,000,000; also valuable real estate and a 50-year franchise giving the
ia Dec. 4 1900.
IlliSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity. nois Trac.an outlet in St. Louis. Also owns the Citizens' Ry.Co.of Venice,
which operates 4.88 miles of street railway
Stock $225,000 ($50)
in Madison, Granite City and
2225,000
Venice. V. 91. p. 1769.
1st mtge. $225,000 ($1,000). 1903
5 M-N
225,000
not red., no sink. fund_c*1Int.at Northampton Tr. Co.. May 1 1933
STOCK
Easton,Trust. Common. AND BONDS- Date,
Interest. Outstanding. Maturity.'
EARNINGS.
-For year ending Dec.31 1913,gross,
$1.000,000
All owned by Illinois Traction Co.
$39,237; net (clef.). Preferred .5%
$232; other income, $3,145; charges and taxes, 311.914;
21.000.000
deficit, 11,9.001.
1st M (temporary). 83.500.-I 1909
ROAD.
4-5 F-A
-Operates 13.25 miles of track between
1.724.000 Dec 1 1929
000.g($1.000),guar p &i_tffInt. at Merchants' Bk.of Canada,Montreal.
ferstown. Fayetteville, Greenwood and Mt. Union. Chambersburg, StofBonds.
-First m.(temp.) bonds are subject to call
60 to 80
-lb. T and
girder rail. Gauge. 5 ft. 234 in.
at par on any interest
day. No sinking fund. They are guar., p.
& 1., by Illinois Traction Co.
OFFICERS.-Pres.. T. B. Kennedy; Sec. and Treas., W.
L. Ritchey
(3) Danville Champaign & Decatur Ry. & Light
Supt., D. B. Fretz.
Co.
ORGANIZATION.-Incorp. in Maine May 14 1913. Is
a holding
company and controls substantially all the
electric, gas, street railway
and public-heating systems in Danville, Decatur,
CHAMPAIGN, ILL.
Champaign and Urbana.
Franchises covering gas, electric and heating, with
ILL INOIS TRACTION CO.-( See Map on page 28.)
many years beyond 1938. Street railway franchises few exceptions, extend
Amalgamation.
expire at various dates
-On Nov. 10 1913 the shareholders voted to increase
the before 1938. the laws of III. not permitting long-time street ry. franchisee.
auth. common stock from 410,000,000 to $15,000,000, in order to
control
STOCK AND BONDS- Date.
the allied Western Railways & Light Co.,which had outstanding
Interest. Outstanding, Maturity,
34.521.800 Stock. $3,700,000 ($100)coin. stk. and $3,169,000 pref.
- Two shares of Railways & Light
2.3,688,000
to be exchanged for one of Illinois Trac. cont. The prer, stock of corn, are Cons & ref coil tr $15,000,000i 1913 5 g M-S
the
g cs&r*,red at 104 and int. Int. at Boston Safe 2,407.000 Mar 1 1938
& Light Co. will remain outstanding. See V. 97, p. 1426 and 1054. Rys.
Deposit & Trust Co
guar prim and interest-tf
Trustee. H. D. Heathfield also Trustee.
ORGANIZATION.
-Incorporated in Maine on May 13 1904 and conBonds.
-Secured by all the stocks and bonds of
trols the following companies:
constituent companies,
namely 5675,000 Dec. By. & Lt. Co. Consol. & Ref.
Bloomington Decatur & Champ. RR Decatur Railway & Light Co.
55; $541,000 Urbana
& Champ.Consol.& Ref. debs.;$871,000
Bloomington & Normal Ry.& Lt.Co. Des Moines Electric Co.
& Ref. 55 and $5,000 Urb. Lt. Ht. & Danville St.By.& Lt.Co.Conga
Clinton 111.) Gas & Electric Co.
Pow. Cons. & Ref. 55. There are
Des Moines Railway & Light Co.
$2,568,000 underlying bonds (maturing from
Colfax Electric Lighting Co. (Iowa). Illinois Central Traction Co.
1914 to 1933) for payment
of which a like amount of cons. & ref.
Danville Chain. & Dec. By.& Lt.Co. Jacksonville Railway & Light
Co
$10,025,000 may be issued for additionsbonds is reserved. Remaininng
Danville & Eastern Illinois By.
Jacksonville By.
under certain restrictions. They are guar.and impts, to constituent cos.
Danville & Northern RR.
Kansas R. Light Co.
p. & I. by Ill. Trac. Co.. as are
&
also
Danville & Southeastern By. Co.
Madison County Light & Power Co. and sub. co. bonds deposited under this mtge. All future issues of stocks
bonds by constit. cos, must
Danville Street Railway & Light Co. Montezuma El.Lt.,Pow.&
Htg.Co. V. 96, p. 1422. Coupon bonds be pledged under above coll, trust issue.
Danville Urbana & Champaign By. Monticello Electric Light
in denom.
Co.
$5,000, $10,000 or multiples of $1,000. of $1,000; regis. bonds $1,000.




ELECTRIC RAILWAYS

26
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MOUNT VERNO▪ N
OAKLAND
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Carvel
7,4
City Properties controlled
(
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B0111110
Somerville
14
BraFth Mackey
McLeansboro
by the Illinois Traction Co.
Ina
Sparta . Quoin •
4 4
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Rosebud
Whittington
,
* Street Railway
Carrillo
Elberfeld
Cabool
4740
Elliott
• BENTON
0 Electric Light
Iglehart
Chester
da
Johnston City
St.George
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eg
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Ea Street Railway, Electric Light and Heat
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oiv
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Carbondale
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A Electric Light and Gas
Electric Current Sold to Local Companies

El

MAP OF THE

ILLINOIS TRACTION SYSTEM
CHICAGO, OTTAWA & PEORIA RAILWAY

o
• G udg iIte
norevens
Omar
41114,400p..C.61e,,,, Buncombe
• o Vienna
lit‘g :10.1k
4
74/ 'kg? 4-8 •
Otto -nd City

SHOWING CONNECTIONS WITH

CHICAGO & EASTERN ILLINOIS RAILROAD
CHICAGO, ROCK ISLAND & PACIFIC RAILWAY

_

(.0

;;Te- L ollenderson
--.7 -l
e

/

40r
°Metropult:

EXPLANATION
ocascseni Interurban Lines
Electric Light Transmission Lines

Cairn

U

TERRITORY IN ILLINOIS




(•,)..'•

:
vs"

IlaCON•M•

C

K

SEPT., 1914.1

ELECTRIC RAILWAYS

727

Sinking fund will retire before maturity about 40% of total bonded debt.
Favorable Decision.
-On Oct. 26 1911 the Illinois State Supreme Court,
Incl. underlying bonds.
reversing the Circuit Court, held that the City Councils could not grant a
EARNINGS.
-Of constituent cos. for cal. year 1913, gross. $1,746,480. franchise to the Peoria Ry. Term. Co. over streets to which
the Peoria By.
net,after taxes. $789,314; bond int.. 6248,750; balance. $540.564.-V. 96. already held a franchise. V. 93,
P. 1535.
p. 1422, 1488; V. 98. P. 1155In Dec. 1912 increased its stock from $1,000,000 to 61,010,000.
(a) Danville Street Railway & Light.
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
uontrolled by Danville Champaign & Decatur R.dt Light Co.
Stock. $1.010,000
61.010.000
ORGANIZATION.
-Incorporated in Dec. 1899 as a consolidation of all Central By first mortgage. 1895
5 g A-0
570,000 Apr 1 1915
$750,000. g ($1.000)_c*_tf iInt. at New York Trust Co.. N.Y.. Trustee.
the street railway, electric light, gas and steam-heating interests.
First & ref mtge, $3.600.000, 1906
5 g F-A
2.394.000 See text.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
gold ($1,000)
c* tf Interest parbie in New York.
Stock. $1,500,000 ($100)----- ---$1.438,000
General mortgage
U 1909
Refunding mortgage, 6700.- 1900
670,000 Jan 1 '14-'25
5 g J-J
Bonds.-Of the $3,600.000 first and ref. ands,$570,01i0 are reserved to
old ($1,000)
Interest at N. W. Harris & Co.
es tf
retire prior liens and
Danville & Northern mort- 1904
17,000 Sept 1 1914 cost' $360,000 have $276,000 for additions and improvements at 75% of
5 M-8
been retired. They are guar.. p. 3c , by endorsement
gage ($20,000)
tf Interest at Second Nat. Bank, Danville.
by Illinois Trac.Co.
912,000 Mar 1 1938 ties and franchises of The bonds are secured by a first mtge. upon all proper
Consol and ref debs, $7,500.- 1913 5 M-S
the Peoria By. Co., now owned or hereafter acquired,
000
tf Central Trust Co. of Ill., Trustee.
subject only to the $570,000 underlying bonds of the Central
By. Co. The
Bonds.
-Ref. bonds are due $6,000 annually Jan. 1 1910 to 1924 inclusive trustee is the Illinois Trust &
Say. Bank, Chicago, Ill. The bonds expire
and remainder on Jan. 1 1925: $30,000 have been retired. Sinking fund of on Feb. 1 as follows:
$25,000 in
66.000 per year began Jan. 1 1910, bonds being drawn (at par and accrued $55,000 in 1911. 660,000 in 1912. 1908. 630,000 in 1909, $35,000 in 1910,
$65,000 in 1913. 670,000 in 1914. 675,000
int.) in numerical order, beginning with No. 1. Mortgage trustee is the in 1915,$80.000 in
1916,$85.000 in 1917.695.000 in 1918.3100.000 in 1919.
Illinois Trust & Savings Bank, Chicago. V. 70.B. 125. Of the consol. & $105,000 in 1920, $110.000
ref. debs. of 1913, $912,000 are deposited under D.C. 3c D. By & Lt. M. $125.000 in 1924. $130.000 in 1921. 6115,000 in 1922, 6120,000 in 1923.
in
$670,000 are reserved to replace underlying bonds and $5,918.000 for cost They are subject to call on 1925, and the remaining $750.000 in 1926.
any interest date
of now property.
V.83, p. 38. 436; V. 89. P. 42: V. 90. p. 560. at 105 and interest. See
-The company owns the following: 1. Gas
COMPANY'S PROPERTY.
ROAD.
charter and a perpetual franchise. 2. An cars,40 -Owns and operates 52 miles of standard-gauge track, 90 motor
works operated under special
other cars. Also owns valuable property near the centre of city and
-year franchise: also has dynamos
electric-light plant is operated under a 99
for furnishing power to street railway. 3. The entire street railway sys- considerable other real estate,including several amusement parks,estimated
to be worth $500.000.-V. 90. p. 560: V. 92. p.
tem of the city. 16.37 miles of track, nearly all laid in brick pavement,
1500; V. 93. 13• 153 .
5
(6) Topeka Railway Co.
running to three parks. the fair grounds, cemetery and railway depots and
National Soldiers Home. Equipped with 50,60 and 70
ORGANIZATION.-Incorp. under general railway laws of Kansas in
-lb. Johnson T rails
with 26 motor cars (General Electric) and 12 others. Furnished electric 1892; in 1903 absorbed the Vinewood Park By.,and made a new mtge. for
current at Westville, Georgetown, Ridgefarm, Indianola, Sidell and 61.250,000. On June 4 1903 obtained a new 30
-yearfranchise.running from
that date, with the provision that $400,000 be expended
Chrisman.
within
OFFICERS.
-Same as those for Danville ;Urbana & Champaign Railway the system. Also has secured franchises in perpetuity on county 3 years on
occupied, with privilege of hauling freight. City agrees never roads now
-V.76, p. 1142, 1300.
Co.
rates to where company will earn less than 10% on stock. Theto reduce
(b) Decatur Railway & Light Co.
city is
receive 10% of earnings remaining after 10% has been earned. Upon to
Controlled by Danville Champaign & Decatur R.& Light Co.
ex-Incorporated in Illinois in Dec. 1903. to take over piration of franchise city has the right to acquire the property. laut not
ORGANIZATION.
the property of the Decatur Traction & Electric Co. the Decatur Gas & before. V. 76. P. 866, 1302.
Kansas By. & Light Co. (bolding company) has $1.436,000 temporary
Electric Co. and the Decatur Steam Heating Co., owning all the street railway. gas and electric-lighting business and steam-heating plant in Decatur bonds out, due 1935. V. 92, p. 1243.
STOCK AND BONDS- Date.
and suburbs.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Stock. 61,250.000 ($100)$
First mtge, $1,250,000, gold( 1904 5 g J4
Stock. $1,375,000 MOW
1: 5
1168'.00n r•P.n 1 1930
2
$1,375,000
Ja
($1.000)
c* tfIInt. at Cont.& Comm.Tr.& S.B.,Chic.,Trus.
Decatur Gas & Electric Co
M N
240,000 See text
Bands.
-Remaining bonds are reserved for 80% of cost of new powertf lint, at Merch. L.& Tr. Co., Chic.. Trustee
first mortgage
house and for betterments and additions. Fifteen bonds per annum, beDecatur Gas & Elec Co 2d Mi 1899 5 J-J
90,000 Jan 1 1930
$400,000($300,000re
5erved Interest at Merchants' Loan & Trust CO.. ginning with No. 1,can be called at 105 and interest until Jan. 1 1915, when
entire issue is subject to call at that price. $90,000 have been retired. A
Chicago. Trustee.
for above ($1.000). gold tf
Dec Trac & Elec 1st M $300.- 1900 5 J-J
212.000 Jan 1 1921 sinking fund began Jan. 1 1910, which is sufficient to retire $15.000 per
000($500& 91.000 each)c*tf TInt. at Illinois Tr.& Say. Bk., Chic., Trustee annum at 105 and interest.
ROAD.
-Owns 33m.of trolley; 70. 75 and 80
-lb. rail. Operates 30 cars.
Dec Ry & Lt Co 1st & cons M 1903 5 g .T-D
743,000 Dec 1 1933
OFFICERS.-Pres., W. B. McKinley, Champaign,111.; V.4', Chas.
31,300,000,g (61,000)-c*tf Int.0IdColjTr.Co.,Bos.,Tr.,&agencyinN.Y.
5%
Dec By & Lt con & ref mtgel 1913
869,000 Mar 1 1938 Zillv Champaign; Sec., E.A.MacNutt, Montreal: Treas., G. M. Mattis.
p. ns: V. 82, p. 101; V. 90. p. 915. 978
$7.500.000 (red at 105)- tf Central Trust Co of III., Trustee.
-$542,000 Decatur Railway & Light Co. first and consols. are reBonds.
INTERURBAN ROADS.
served to retire an equal amount of prior liens as above. A sinking fund
en Bloomington Decatur & Champaign RR.
of 10% of the not earnings, or not less than 1% of outstanding bonds, is
ORGANIZATION.
-Incorporated in Illinois on Nov. 29 1910 as a conto be invested in the bonds. Amount outstanding includes $75.000 bonds solidation of the Chicago Bloomington SZ
Decatur By.and St. Louis Decatur
held in sinking fund. These bonds are subject to call at 1073.5 and int. & Champaign By.
on any interest date upon 60 days' notice. Of the Decatur Gas & Electric and towns (8 miles) Operates on private right of way ceexpt through cities
where franchises extend to or beyond
Co. 1st M. bonds. $15.000 had to be redeemed on May 15 1910 at 105 and
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
1953'
a like amount each year thereafter in numerical order. These bonds Common. $3,000,000
$3,000,000
are subject to oall at 105 and interest. The second mtge. bonds of the
5% (*637.500)637,500
Decatur Gas & Electric Co. are redeemable at any time at 105 and int.. Preferredmtge.
615,000.000. g
but there is no sinking fund on these bonds. Of the Dec. By.& Lt. consol. 1st & ref coup &
($1,000
$1,000 or Interest at Illinois Tritst
& ref. bonds,6869,000 are deposited under the Danville Champ.& Dec. By.
multip reg.) gu p&i.c*Scr*tfChic.,Trustee, or Chase & Savings Bank,
Nat. Bank. N.Y.
& Lt. consol. & ref. mtge. $1,300,000 are reserved to retire underlying General mortgage
1910 5 M-N
1.390,000 Nov 1 1940
bonds and $5,331,000 tor new construction.
Central Trust Co. of Illinois, Trustee.
-Operates about 15 miles standard-gauge road in Decatur and
ROAD.
Stock.
-Of the $637,500 pref. stock out. $412,500 is Series "A" and
suburbs; 60 and 72-1b. Trails. 23 motor cars and 16 others.
-V.91. p. 38: $225,000 is Series 'B.
Bonds.
V. 92. p. 322.
-Of the 513.500,000 "1st & ref." bonds reserved for various purposes, 66,750,000 are reserved for acquisitions of two connecting interurban
(e) Urbana & Champaign Railway, Gas & Electric Co.
roads(Danville Urbana & Champaign and Illinois Central Trac.).$1.159.000
Controlled by Danville Champaign & Decatur By. & Light Co.
to redeem the general mtge. bonds. $472,000 to replace
ORGANIZATION.
-A consolidation in 1897 of Urbana & Champaign Issued in the future and $5,016,000 for 80% of cash general mtge. bonds
Electric Street, Champaign Electric Light & Power, Champaign & Urbana Improvements. These $5,016.000 bonds, excepting cost of additions and
5500,000 (issuable at
Gas Light & Coke and West End Park companies. Owns perpetual gas any time for 80% of cost of additions and improvements, with
and steam charter. The underlying railroad charter is also perpetual. N. W. Halsey & Co.) can be issued only when the preceding consent of
12 months'
Franchise in 1901 extended for 20 years.
gross earnings have equaled five times and net earnings I% times the interSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity- est charge on all bonds outstanding and those proposed to be issued. Bonds
are unconditionally guar.. p. & I., by Illinois Trac. Co. They are redeemaStock.$700,000
13 & C Ry G & E M $250.000 1897
5 g J-D
138.000 June 1 1917 ble at 105 on any int. date. V. 92, p. 259. Int. on general mtge. bonds is
g sink fd $8,000 yrly June Int. at Illinois Tr.& Say. Bank,Chic,. Trus. payable at office of Merchants' Bank of Canada, New York.
ROAD.
-Owns and operates 97 miles of track (89 miles. main line; 8
1 1900&aft($1,000).cnt?l or at Chase Nat. Bank, New York City.
Consol mortgage. $500,000 1899
5 g J-J
354.000 July 1 1929 miles sidings) extending from Bloomington through Decatur to Champaign
(61,000, gold
c ntf Int. at Portland Tr.Co. Portland Me„Trus and Urbana. 60 and 70-lb. rails. Standard gauge. 187 cars and 2 locoU & C By G & E consol and 1913
d8q.000 Mar 1 1938 motives.
5 M-S
ref debs $4.000.000
Central Trust Co., Chicago, Trustee.
tf
(8) Danville Urbana & Champaign RY.
Bonds.
-Of the consol. mtge. bonds,sufficient are reserved to retire first
ORGANIZATION.
-Incorporated in Illinois under the
mnrtgage bonds, The bonds are subject to call on any interest day
at 105 July 28 1902. Owns the Danville Paxton & Northern By. railroad law on
Of the U.& C. By., G.& E. consol. and ref. debs.. 6639,000
Mostly private
under D. 0. & 10. By. & Lt. consol. & ref. M., $500,000 are deposited right of way.
are reserved
to retire other bonds and $2,811,000 for additions
STOCK AND BONDSDate. Interest. Outstanding. Maturity.
and improvements.
ROAD.
Stock 5250.000
-Operates 12.60 miles
5250.0W
track in
Urbana. Has 20 motor cars and ofothers. and between Champaign and First mortgage $2.000,0001 1903 5 g M-8
2,000,000 Mch. 1 1923
8
gold $1,000) guaranteed Interest at Agency of Bank of Montreal,N.Y.
(d) Urbana Light. Heat & Power Co.
c* tf
J rust Co.. Chicago, Trustee.
Controls the electric lighting
T
4
Entire stock is owned by Illinois and steam-heating business of Urbana. Second mortgage 6500.0001 19NCArth6ergn
Traction Co.
gold ($1,000) serial_- _c* tf f Int. at Agency Merchants Br.of Can. N..Y.
t t
,
292
'
Bee"
STOCK AND BONDS- Date.
General mortgage bonds_ -tf
Interest. Outstanding.
6%
$150.000
Maturiy.Sock
Bonds.
-The first 5s have no sink,fd., but are subj. to ca
$150.000
0iron any int. date
"
First mtge $56,000 ($500)_ctf 1903
5 M-N
upon 90 days' notice at 105 & int. The bonds are guar., p. & I.. by end. by
29,000
See text.
First consol mtge $200.000 1909
5 J-D
92.000
See text. Danv. St. fly. & Lt. Co. and Urbana & Champaign RY.. Gas & Wee. Co.
($1,000)
tf Central
V. 81,
Consolidated and refundingl 1913 Tr. Co.of III., Trustee. Int.in Chic. Jan. p. 264. The 2d 6s mature $50,000 on Jan. 1 1908 and $50,000 each
5%
1 thereafter. The $50.000
10,000 Mar 1
mortgage
tf'Central Trust Co. of Illinois, Trustee.1938 1909, as well as $42,000 of the due on Jan. 1 1908 and $50,000 due Jan. 1
$50,000 due Jan. 1 1911. were extended,
Bonds.
-First mortgage bonds mature $2.000 to
annually on 5208.000 have been retired. They are subject to call at par on 30 days
May 1 until May 11920. $27,000 retired up to Jan. 1$4.500 Of 1st consol. notice. Are guar.. p. & I.,
1914.
by Ill. Trac. Co. Trustees are Montreal Tr. 3:
mtge.. 136,000 are reserved for prior bonds and $72.000 are for new
con- Dep. Co. and Thos. Fyslie.
struction. Bonds mature on Mar. 1 yearly from 1918 to
ROAD.
-Operates 70.1
1927. They
are guar. by Illinois Traction Co. V. 89, p. 167. The entire outstanding ing the cities of Danville. miles of track over private mit of way, connectamt.(610,000) of consol.& ref. bonds are deposited under Dan,. Cham. & ville to Georgetown and Urbana and Champaign, with branches from DanRidge Farm; Danville to Catlin and Ogden to
Dec. By. & Lt. mortgage.
Homer. 70-lb. rails. Has 23 motor cars. 10 electric locomotives and
OFFICERS.-Pres., W. B. McKinley; Sec., E. A. MacNutt; Treas., 164 miscellaneous
cars.
Geo. M.Mattis; Gen. Man., M.H. Chubbuck.-V.89, p. 167.
OFFICERS.-Pres. W. B. McKinley; Sec.. E. A. MacNutt; Treas.,
Geo. M.Mattis.
-V.81. p. 264; V.83. p.435; V.84. P.338; V.88.P• 563.
(4) Jacksonville Railway & Light Co.
ORGANIZATION.
(9) Illinois Central Traction Co.
-Incorporated in Maine in Dec. 1905 and is a con-A trolley road.
ORGANIZATION.
solidation of the Jacksonville By. Co. and the Jacksonville Gas Light &
-Incorporated in Illinois in 1903 under general
railroad laws. Meetly private right of way.
Coke Co. Franchise perpetual.
STOCK AND BONDSSTOCK AND BONDS- Date.
Date. Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
Stock $1,100.000
Rock, 6500,000 ($100)10:000000
$00,000
Jack Ry&Lt 1st cons M,$1.- 1906 5 g J-J
$1. 69r0 Dec 1 1933
1,4
10°
Jan 1 1931 1st mtge. 32.000.000 41.-1 1903 5 g J-D
000) gold. guar
c*tffInt. at Old Colony Tr. Co. Boston. trustee.
000.000.gu.g ($1.000)c*_tf Central Trust Co., Chicago, Trustee.
Boston,
Jacksonv Gas Light & Coke(____
5 J-J
746.
155.000 Jan 1 1931 Temporary general mort ___tf __-- 5 &
1929
Bonds.
-Are subject to call on any interest date on 60 days' & 1931
_ntf Int. at Merchants' Loan & Tr. Co., Chicago.
Co first mortgage_
notice
-Of the Si.000.000 1st consols, $160,000 are reserved for prior 1075i and int. Are guaranteed, p. & L. by Illinois Traction Co. V. at
Bonds.
82.
p. 804. A sinking fund of 10% of net earnings became operative
liens. Are guar., P.sr i., by Illinois Tree. Co. 2% of bonds out is payable
Dec. 1
annually to a sinking fund. Are sub. to call on any int. date at 105. Int. at 1908. but not to be less than 1% of bonds outstanding. 684,006 held in am.
ROAD.
-Operates 45.5 miles of track from Decatur to
Merchants' Bank of Canada, N. Y. $25,000 Jack. Gas L. & C. retired.
an extension from Buffalo to Mechanicsburg; 70-lb. rails.Springfield, with
ROAD.-Operates about 7.65 miles of track and also does electric lighting cars, 1 electric locomotive and 53
Has 11 motor
miscellaneous
and gas business in Jacksonville. 14 motor cars and 9 others.
OFFICERS.-Pres.. W. B. McKinley; Sec.,cars.
-V.95. P.
E.
1542; V.97, p. 1733.
Geo, M.Mattis; Gen. Mgr.,M.E.Chubbuck. V. A. MacNutt; Trees,
82. p.804: V.84,P.339.
(5) Peoria Railway Co.
-A trolley road
(10) St. Louis Springfield Ec Peoria RR.
ORGANIZATION.
-Incorporated under general railroad laws of Illinois
ORGANIZATION.
-Incorporated in Illinois Dec. 1 1909 as a
In 1906 and is successor to the Central Railway Co. Has acquired, owns tion of the St. Louis & Springfield
consolidaBy., the St. Louis & Staunton By,.
and controls all street railway lines in Peoria and outlying suburbs of Avery- Tr -City Trac. Co. and the
the
ville. Peoria Heights and East Peoria. The entire stock is controlled by private right of way except St. Louis & Northeastern By. Operates on
through cities and towns (about
the Illinois Traction Co. N. W. Halsey & Co., New York and Chicago, franchises extend to or
beyond 1953. In 1911 acquired 17 miles),
offered the 1st and ref. bonds for sale. V. 89. p. 42.
the Springfield
Belt By.
where




28

ELECTRIC RAILWAYS

[VOL. XCIX.

Rate.
STOCK AND BONDSOutstanding. Dividends.
In 1912 acquired the Peoria Lincoln & Springf. Ry.Co..the Peoria Bloom.
$4,521.800
& Champaign Trac. Co., the Terminal Pow. Co. and the Springfield & Common MOW ($100)cum
6 Q-J
Pref.. $3.500,000
See text.
3.169,000
Northeastern Traction Co.(acquired Nov. 11913).
tot
1.645,000
Has long-time contracts for use of bridge and terminals of St. Louis Elec- Debenture bonds
-Before auth. amount of pref. stock can be increased,surplus earnStock.
tric Bridge Co. and St. Louis Electric Terminal Ry., enabling it to operate
ings above expenses and int. for previous year must be equal to 9% on all
directly into St. Louis.
Date. Interset. Outstanding. Maturity. pref. stock issued and to be issued. V.90, p. 238.
STOCK AND BONDS$6.000.000
Dividends have been paid on pref. since organization.
Common $6,000,000 ($100)2.572.000
Pref.$2,572,000($100)5%
-D
-Of controlled companies for calendar years. Report for
4,653,000 Dec 1 1939
REPORT.
1st & ref mtge $15,000,000 g{ 1909 6 J
(31.000 coup & $1.000 or Illinois Trust & Say Bk. Chimgo, trustee 1913 in V. 98. p. 1457.
1912.
Earnings1911.
1913.
1910.
multiples reg.)____c*&r* ti Interest in New York,Chicago or London.
$430.679
451,000 Dec 1 1933 Interurban
3373,920
$548.746
$353,198
St Louis & Springfield 1st Ml 1903 5 g J-D
919,569
942.432
925.105
839.956
s f gold guar c*_tf'Interest at City Trust Co., Boston, trustee. Street railway
($1.000)
354,703
1939
350.462
4.157.000
Gas..
340,659
5%
210,859
StL Sp&P gen M 315,000,000tf
528,942
145,000 Dec 1 1936 Electric light and power_ 659.364
362,052
5 g -D
251.878
Springfield & Northeastern 1906
33.367
27.619
40.680
23.810
Traction 1st mtge $1,500,- Int. at agency Merch. Bank of Can., N.Y. Steam heat. water. &c
of Illinois, Trustee.
c*l Central Trust Co.
000 ($1,000) gold
Gross earnings
280,000 Nov 1 1936
32,541.684 $2,267,260 $2.029,355 31.679,701
Peoria Bloomington & Cham 1906 5 g
3773,913
3873.001
$956,148
$620,119
Trac 1st M $3,000.000 gold Int. at agency Merch.Bk.of Carideo,. N.Y. Tot. net rev.aft.tax,&c
Other income
31,316
et(I Central Trust Co.. Chicago. Trustee.
($1,000)
for various purposes,
-Ofthe $10,347,000 1st & ref. bonds reserved
Bonds.
3773.913
3873,001
Total net income
3987.464
$620.119
bonds,
$145,000 are reserved for Springfield & Northeastern Traction Co.general Interest on bonds, &c
$536.399
$474,691
3620.561
$356,488
$715,000 to retire prior liens, $2,250,000 to redeem a like amount ofand ex- Preferred dividends
160.035
142.260
190.140
134.700
mortgage bonds and $7,237.000 for 80% of cash cost of additions
tensions. The $7.237.000 and the $2,250.000 tor redemption of gen. mtge.
Balance,surplus
$176.567
$176.763
$128,931
$156,962
$500.000 (Issuable at any time for 80%
bonds (total $9,487,000), excepting
During 1913 3364.081 was expended for maint- renewals & betterments.
of cost .of add'ns & impts.) can be issued only when. for the preceding 12
1% times
-City lines constitute 93.36 miles of track, interurban lines comROAD.
months,gross earnings have equaled five times and net earnings be issued.
and those proposed to
prise 103.02 miles; total of all lines. 196.38 miles of track. City lines have
the interest charge on all bonds outstanding
Redeemable at 105 on any int. date. Bonds are unconditionally guar.. 173 motor and 52 other cars. Interurban lines have 45 motor and 45
p. & I., by Illinois Trac. Co. V. 90. p. 304; V. 95. p. 177. Are listed on other cars. On Dec.31 1911 companies were supplying 798 arc and 119.367
Chic. Stock Exch. St. Louis & Springfield 1st M. bonds are subj. to call incandescent lights. 9,725 gas meters were in use. 8 power houses, with
on any int, date on 60 days' notice at 107Y6 & int. Are guar.. p. & I., by 33 generators, total capacity 12.340 k. w.
OFFICERS.-Pres., W. B. McKinley, Champaign; V.-Pres Geo. F.
Ill. Trac. Co.: $86,000 of bonds held ins. f.
-P. and Gen. Mgr., H. E. Chubbua. Peoria.
Peoria Bloom.& Chem. Tr. jet M. bonds are guar., p. & I.. by Ill. Trac. Duncan, Portland. Me.: V.
Ill.; Sec., E. A. MacNutt. Montreal; Treas., Edward Woodman, Portland.
They are subject to call on any interest date at 105 on 30 days' notice.
Co.
Carnahan, Champaign.
Asst.
-V.
Earnings.
-For 12 months end. July 311912, gross, $1.378.267: net after Me.;V. 94.Treas., W. H. p. 233; V. 96, p. 1223: V. 87, o.$14; V. 90. p.
p. 280: V. 95.
97, p. 730, 1428, 1505".
taxes, 3488.209; interest. $275,650; surplus. $212,559. Peoria and Bloom- 238; V. 98. p. 1394. 1457.
1665;
-Extends from Venice. opposite St. Louis, to
ROAD.
miles;
with branches from Staunton to Hillsboro. Trackage, 210.49of sidington,
(1) Atchison Railway. Light 5c Power Co.
main track, 10.10 miles belt line,0.29 miles second track, 23.o6 miles
-Successor In 1895 of the Atchison Ry. Elec. L.& P.
ORGANIZATION.
ings and turnouts and 7.59 miles of industrial tracks; total, 251.53 miles,
- Co. Controls electric railway,lighting and gas properties of Atchison.
411 cars and 4 locomotives and leases 52 cars.
Standard guage. Owns
In April 1912, the rates for lighting having been satisfactorily adjusted
V. 94. p. 1120; V. 95, p. 177. 237: V. 98. p. 691.
between the city and the company. the proposed bond election for the erection of a municipal plant was rescinded. V. 94, p. 982.
OTHER PROPERTIES AND ROADS UNDER CONSTRUCTION •
Interest. Outstanding, Maturity.
STOCK AND BONDS- Date.
Danville & Eastern Illinois Ry.
(11)
$500,000
Stock, 3125,000. Temporary bonds to the amount of 350.000(5%) are Stock, 31.500.000 MCC- ti 1910
5%
750.000 Nov
1935
First mtge $1,500.000
outstanding. due 1927.
of track. 23 cars. Supplies city with
-Operates 9.84 miles
ROAD.
(12) Danville & Southeastern Ry. Co.
104 arc lights and 135 incandescent lamps; also 14 arcs for commercial'
-V.91.0. 1024. 1094, 1628: V.94.
-Incorporated in Illinois on Jan. 14 1909.
lighting: 2.557 natural gas meters in use.
ORGANIZATION.
Interest. Outstanding. Maturity P. 5152.
Date
STOCK AND BONDS-A trolley road.
All owned by Illinois Traction Co.
Stock
(2) Cairo Railway & Light Co.
$60.000 July 1 1929
First mortgage $100.000 g018,1 1909 5 g J-3
-Incorporated on Oct. 5 1908 in Maine to take over
ORGANIZATION.
ofcr Mint. at Central Trust Co., Chicago, trustee. the properties of the Cairo Elec.& Trac. Co.and the Cairo City Gas Co. V.
(31,000)
-Subject to call at 105 and hit, on any int. date. Guaranteed. 88. p. 293. 374. The Cairo Elec. & Trac. was a consolidation of the Egypt
Bonds.
p. & I., by Illinois Traction Co.
Electric Co. and the Cairo Elec. Light & Power Cr,.
-Operates 7 miles of road from Danville City limits. Grape
ROAD.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDSCreek coal district. 70-lb. rails.
,
All owned by Western Rys. & Light Co.
Stock. 31.000.000 ($100)
-Same as those for Illinois Central Traction Co.
OFFICERS.
$775,000 Dec 1 1938
Cairo Ry & Lt M 31.000.000 gntf 1908 5 g J-D
150.000 June
5 g J-D
-A holding company. 0 E & T 1st M,3300.000. gntf1903at Central Trust Co., Chic, 1 1923
Iowa Electric Co.
(13) Des Moines & Central
Trustee.
cntf Int.
($500 and $1,000)
-Controls the Iowa subsidiary properties of the Calm City Gas Co $75.000 gold 1903 5 g JD
ORGANIZATION.
75.000 June 1 1923
Illinois Traction Co.. which include the electric-light and power company's,
-C.E.& T. bonds subj. to call on any int. date aft. 10 yrs. at 105.
Bonds.
serving Des Moines, Oskaloosa. Colfax, New Valley Junction, New Sharon.
-Operates 9 miles of track in Cairo, together with the electric
ROAD.
Prairie City and Montezuma and the street railways in Oskaloosa. Con- lighting and power plant. 24 cars. Furnishes city with 119 arc and 196
trols the Des Moines Electric Co. and the Oskaloosa Traction & Light Co. incandescent lights; also supplies 40 commercial arcs.
-V.88. p. 293,374.
The bonds of this co. are secured by pledge of $226.000 gen. mtge. 6'70
bonds of the Des Moines Elec. Co.(total out) and all the common and pref.
(3) Cairo Ec St. Louis Ry.
ORGAN IZATION.--Incorporated in Illinois Oct. 1908 to construct a
stock of the same co. Also $17,000 gen. mtge. bonds and all the stock of
-year franchise in Cairo, Mound
line from Cairo to East St. Louis. Has a 50
the Oskaloosa Traction & Light Co.
City and Mounds.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
owned or controlled by Ill. Trac. Co.Stock. $1,000.000 ($100) _ _
$1.150,000 Sept 1 1937 Stock,3300.000--------------$250,000250000 Nov 1 1938
Sk fd old bonds,310,000.000 1913 6 g M-S
$250,000,g_c&rtf 1908 5 g M-N
($500 & $1.000) red at 105 Interest at First National Bank, New York. First mtge.
d
Pont' (Me.)Tr.Co.,Trus.,&F.D.Lunt,Portfd
or the Central Trust Co. ofIllinois.Trustee.
& int guar p & land s f by
-Coupon bonds are n $1,000 pieces and registered in any desired
Bonds.
end by Illinois Trac Co..c*
(Me.) Tr. Co. No s. f. and not subject to call.
1.907,000 Nov 1 1938 amount. Int. at Portland
Des Moines Eiec 1st M *5.-I 1908 5 M-N
-V.
-11.37 miles of track completed and in operation:8 cars.
ROAD.
000.000 ($ ,00 )____tTnterest at American Trust Co. Boston.
245.000 "Jan 1 1923 88, p. 293.
Oak & Lt Co bds $300,000 1903
5g
S. Mtge.& Trust Co., N.Y.,Trus.
funcL.c* ,Int. at
($1,000) gold sink
(4) Galesburg Railway & Light.
-Additional sinking fund gold bonds can only be issued for 80%
Bonds.
Co.
Ltg. &
In Jan. 1914 it was reported that the Galesburg P. 155. See Power
of the cost of improvements. &c., to the sub cos., and certain other restricthe latter.
over the property. V. 98. Ry..
tions. Annual sinking fund of 1yi% of bonds out begins Sept. 1914. had arranged to take-Incorporated in Maine in 1904, and is a consolidaORGANIZATION.
Des Moines Elec. Co. 1st M. bonds are subject to call after Nov. 1 1914
and the Galesburg Gas &
&
at 105. Sinking fund. I% of bonds Nov. 1 1914-21; 114% 1926-31: 2% tion of the Galesburg Electric Motorin Power Co.1910 a now gas franchise
1920. In
1931-37. Oskaloosa Trac. & Light bonds have sinking fund of $5,000 to Elec. Light Co. Franchises expire
was granted for 30 years.
trustee annually. V. 98, p. 839, 1536.
be delivered to
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
(14) Madison County Light & Power Co.
$1,000,000
Stock, 31,500,000 (3100)1.150,000 July 1 1934
5 g J-J
Is a consolidation in 1906 of the Edwardsville Light & Power Co.and he New mortgage. $1.500,000, 1904
Trua.
c tf Int. at Portland Tr. Co.,
Granite City-Venice Electric Co. Supplies light and power to Edwardsgold (31.000)
noon) April 1919
Portfcl,Me..1
ville, Granite City. Venice and Brooklyn. In Dec. 1912 increased its stock Galesburg Gas & Elec Lt first 1899 5 g A-0
from $100.000 to $335.000. Stock all cwned by Illinois Traction Co.
mtge,3350.000($1,000)_c tf Int. at Portland Tr. Co., Portfd, Me.,True.
Interest. Outstanding, Maturity
STOCK AND BONDS- Date.
-The new 31.500.000 issue is subject to call on any int, date at
Bonds.
Stock $335,000
$335.000
105 and int; no sinking fund; 3350.000 is reserved for the prior liens.
5g
1st mtge 31.000.000 (31.0001 1906
531,000 Dec 1 1936
-Has 17.57 miles of track. 41 cars. - Owns power-house, genROAD.
es tf Int. at agcy. Merchants' Bk.of Canada,N.V.
gold
erating current for both the street railway and electric-light plant, and also
Central Trust Co. of Illinois. Trustee.
does steam heating. Supplies 200 commercial cars. 4.488 gas meters in
-Guar. p. and I. by Illinois Traction Co. Can be called on
Bonds.
-V.78. p. 2384.
use.
four weeks' notice on any int. day at 105. No sinking fund.
(5) Quincy Railway Co.
(15) St. Louis Electric Bridge Co.
ORGANIZATION.-Incorp.in Illinois in 1912 as successor to the Quincy
-Incorporated in Jan. 1907. Owns a bridge from
ORGANIZATION.
1628.
Salisbury Street, St. Louis. to Venice. Ill. In April 1909 company in- Horse Ry. & Carrying Co. V. 94, p. business in Quincy. Principal franDoes entire (electric) street railway
creased capital stock from $2,500 to 31,000.000. V. 88,0, 946. Stock all
years. Other
by Illinois Traction. For franchise provisions, see V.85.1). 100. chise is unlimited, granted in 1865, and exclusively for 50
owned
Construction was started in Oct. 1907 and bridge was formally opened franchises mature from 1922 to 1937.
Interest. Outstanding. Maturity.
STO 31 AN00 BONDS- Date.
stoek.CK000 D0
on Nov. 10 1910. V.85. p. 100: V.88,p. 946; V.91. P. 1328.
None
First mtge. gold(5%),auth 33.500.000(31.000)tf:outstanding,$2.592.9 5 00 . 2
. 6.94 0 Fe 8
000: date 1913. E. Bentley Hamilton, Peoria, trustee. This mtge. re- Bon, $1,000,000
tf 1912
51
% cars-%75 .. p 16 b.. 1 1932
the old (temporary) mtge. 01 1909. V. 98. p• 74.
places
-Operates
ROAD.-Operates 18.45 miles of track;
(16) Topeka Edison Co.
-Trolley.
(6) Wichita Railroad & Light.
rail-On Mar. 1 1910 Illinois Trac. Co. purchased propORGANIZATION.
-Chartered May 1 1900 for 30 years. Street conORGANIZATION.
erty. Operates electric-light and steam-heat plant in Topeka, Kan. Bonds way franchise expires 1933, lighting In 1919. In 1910 entered into aElec.
out, $820,000; dated 1905,due Sept. 1 1930;int.
from Kansas Gas &
auth., 31.250,000;
(5%)tf. tract,extending for 20 years,for purchase of power
3.4. at Cont.& Comm.Tr. & Say. Bank, Chicago, trustee. Sinking fund Co.
$15.000 per annum, payable Dec. 15. $60,000 have been retired.
Interest. Outstanding. Maturity
,
10o)___
1,5
STOCK AND BONDS- - Date.
3300.000
Stock.$
($
Oct 1919
300.000
5 g A-0
First mortgage, $300.000i 1900 Portland Tr. Cols Pooo'd,Oet 1Trus
WESTERN RAILWAYS 8c LIGHT CO.
32
o Me.. 19 .
rtl
.
($1,000). gold _ __c_ - tf Int. at
In Nov. 1913 was taken over by the Illinois Traction Co., which owns all New mtge.,31.500,1100.gold_ t 1907
1, 31.
5 g A-0
at 105 on 6 months' notice.
the common stock. See plan of exchange of stock under "Illinois Trac-let M. bonds are subject to call
Bonds.
tion Co." and in V. 97, p. 1426, 1504.
Kan., including
-Owns 32 miles of trolley track in Wichita.
ROAD.
0RGANIZATION.-Incorporated March 1907 in Maine and owns all the double-track bridge over the Arkansas River and extensions to Wonderland
capital stock of the following:
-V.93. P. 941. 1192.
75 cars.
Park and Fair Grounds;
Galesburg Ry., Light & Power.
Atchison Ry. Lt.& Power Co.
Co.
Jefferson City Bridge & Trac. Co.
Cairo City Gas Co.
(7) Chicago Ottawa & Peoria Railway
Jefferson City Lt., Ht. & Power Co.
Cairo Electric & Traction Co.
-Bought outright in 1909 the Illinois Valley Ry.
ORGANIZATION.
Mound City Light & Water Co.
Franchises in various towns
Ry.Co.
Cairo & St. Louis
Operates largely on private right of way.
Marseilles Water & Light Co.
Chicago Ottawa & Peoria Ry. Co.
mature mostly after 1950.
Northern
Citizens' Ms.Co of La Salle & Peru. People's Illinois Light & Trac. Co.
Interest. Outstanding. Maturity.
Power Co. Qcy Traction Co.
STOCK AND BONDS- Date.
Galesburg Elec. Motor &
All owned by Western Rye. & Light Co.
Railway Cr.
Gas & Elec. Light Co.
Stock
Galesburg
32,723.000 Dec 1 1938
5 g J-D
Wichita RR.& Light Co.
First cons and ref mtge,guar.1 1907 Trust Co. of Illinois. Trustee,
Galesburg Railway & Light Co.
35,000.000 ($1,000)__ _ tf Central
Western Railways & Light with the Illinois Traction, willfurnish through Illinois Val 1st M.32,000.000 1905
1.269,000 Sept 1 1935
5 g M-S
service between Chicago and St. Louis when Chicago connection is comNat. Bank, N. Y. City.
g(3500&31,000),guarc - tf Int. at Irving
pleted. V.90, p. 238.




Cr4

i
4POARERSVILLE

41/

To Belvidere
CONNECTING WITH

44
,

4 0 Gilberts
"<,

Rockport, Freeport,
Beloit and JanesvIlle

NOEE

°Clarks

MAP OF TFIE

AURORA, ELGIN & CHICAGO
RAILROAD

R. R. ARK

Almora

AND CONNECTING LINES

ELGIN

Schauniberg
Des Plaines
9)

0Spaulding
C LiNTONVILLE

S. ELGIN

Youngsq_a_le o
,

o MIM ger

ELECTRIC RAILWAYS

cusenvilic
WAYNE

\Vasco()
Addison,
ST. CHARLES

Lafox c

‘2-Z•
j
i

GENEVA

c4 C.! Kalb
/
1
1)

BATAVIA
4°%,, Ns
i

/11

Baldinound
WARREN VI LLE

N.
....
ts.

Duffin 0

N. AURORA

uivos

COLA JCT.

.444
NAPERVILLE

w
W. / e."66;
,
( A 1i 0 0
Z
p
4(

4,,J
AURORA 1/ ' •Y
v- 7/•Sugargrove
°

Ali
MONTGOM CRY

R. R. PARK




E

N

I

AL
YORKVILLE

i

o
Dow/lets prove
)

i

Suinmit
0

il A7

i
I
Jossisso

K

A

II il side
M T. CA RM •L r
CEMETERk AN.OAKRIDGE
CEMETERY
i
'ils(lale j
0
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La Grange,
i

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0,

Worth,o

Wolfs

L

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Normantimn

L

L
° Lemont
Blue Island o

30

ELECTRIC RAILWAYS

Western Rys.
Bcrnds.-Ch. Ott.& Peo. 1st M.bonds are guar.. p.& i., by subject to call
reserved for prior liens. They are
& Lt. Co. $1,500,000 are notice at 105. Int. at Merchants' Bank of Canany int, day on 30 days' Valley bonds have a sinking fund of 11i% per
on
ada in N. Y. City. Illinois was originally $2.000,000. but on merger with
annum of amount out; mtge.
$231.000 have
Chic. Ott. & Peoria the $500,000 unissued was canceled;
& I. by Western Rya. & Lt.
are guar.,
since been retired. Bondsis trustee. p. subject to call at 105.
Are
Portland (Me.) Trust Co.
-Included in Western Railways & Light figures.
EARNINGS.
-Operates from Princeton. III., via Peru. La Salle, Utica, OtROAD.
tawa. Marseilles, Seneca and Morris to Joliet, about 107 m., with branches
to Streator. 16 m.•
from Spring Valley to Ladd and from Ottawa placed in operation intotal,
about 123 m. Road from Morris to Joliet was V. 97. p. 520. 594.' Dec.
-V.87. P. 812; V.92. P. 1374;
1911; 85 cars.
-A trolley road.
(8) Northern Illinois Light & Traction Co.
-Incorporated in Illinois and wassuccessor in July
ORGANIZATION.
Light & Power Co.,sold under foreclosure. Fran1903 to the Ottawa Ry.,
chise perpetual for lighting and until March 1924 for railway. Has contract
for city lighting. Western Rys.& Light Co. owns all the stock.
In Sept. 1913 increased cap. stock from $250.000 to $750.000. V. 97.
p. 729.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$250,000
Stock, $750.000 ($1OO)*668,000 July 1 1923
First mtge. $1,200,000, gold! 1903 5 g J-J
moo and $1,000)__c*__tf'Int. at American Tr. Co., Boston, Trustee.
$265,000 of these bonds are guar.. p. & I.. by endorsement, by
*All but
Western Rys. & Light Co.
-No sinking fund and bonds cannot be called. Remaining bonds
Bonds.
are for additions, extensions and new properties.
-Operates 6.5 miles of line, covering the principal.
ROAD AND PLANT.
streets of Ottawa. and also runs out of the city to Ellis Park, a pleasure
resort on the Illinois River. Also has extensions from Ottawa to Chautauqua Park. Equipment, 8 motor and 3 other cars. Has both steam and
water-power plants for generating power, which can be operated independently If necessary. Is supplying 16'7 enclosed arc lights under city contract
and 107 for commercial lighting.
-V.97,p.729.
-Included in Western Rys.& Light figures.
EARNINGS.
(9) Central Lighting Co.
-Stock auth. and out. $250.000 ($100); all
ORGANIZATION. &C.
owned by Western Rys. & Light Co. Coll, trust bonds auth. and out,
50,000 gold 41.000) ntf. Date 1902, due July 1 1922. Int. (5 g
.4.) payable at Portland Trust Co.. Portland, Me.. trustee.
(10) Marseilles Water & Light Co.
ORGANIZATION,&C.-Incorp.in Illinois in 1910 as successor of Cons.
Water & Lt. Co. Stock out, $52.000 Mar. W.& Lt. bonds, (ntf)$20.000
(n
5s.due Apri11924.Consol Water& Ltjmnds tf) $30,000 5s,due Dec.1925.
(11) Jefferson City Light. Heat & Power Co.
-Supplies gas and electricity to Jefferson City.
&c.
ORGANIZATION,
Mo. and furnishes current for operation of the street railway. Hae
$200',000 5% bonds outstanding. cpt due May 1925.
to
On Nov. 25 1913 received permission from the Missouri P. S. Comm.
for
purchase of the stock
issue $200,000 pref. stock and $200,000 bonds See the 97.
V.
P. 1666.
City Bridge & Transit Co.
of the Jefferson
-A trolley road.
(12) People's Traction Co.
to $300.On Dec. 22 1913 shareholders voted to increase the bonded debt
V.98, p.74. 156. The
000 and to make a mtge. to secure the new bonds. 98, p. 156.
in Jan. 1914 to $300.000. V.
stock was increased
-It is understood that the Galesburg By., Lt. & Power Co.
Merger.
(see above) will take over the property. V.98,P. 155.
-Incorporated In Illinois on May 23 1901.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$150,000
Stock $300,000 ($100)
149.700 Mar. 1 1922
5 g M-S
00
First mortgage $150,0 Boll 1902
c*Str_ tf Int. at Farmers' & Mech. Bank, Galesburg.
(UM
after 0 years at 105. L. A. Townsend is trustee.
Bonds.-Subt. to call
$3300 have been retired.
-For cal. year 1912. gross. $14,143; net,$10,859.
EARNINGS.
ROAD.
-Operates 12H miles of track from Galesburg to Abingdon.
-V.96. p. 1425; V.98. p. 74, 156.
-lb. T rail.
Standard gauge. 60
(19) Galesburg Ry.. Ltg. & Power Co.-Incorp. in Ill, in the interests
Traction Co. with preliminary capital of $50,000. Increased
of the Illinois
Its stock to $350,000 and took over the Galesburg By.& Lt. Co., the Galesburg Gas & Elec. Lt. Co., the Knoxville Elec. Lt. & Power Co. and the
-V. 98, p. 155.
Abingdon Lt. & Power Co.

(VOL. xcxx.

-Owns 10 miles from Mt.Pleasant (connecting by ferry with
ROAD,&c.
Charleston) to Sullivan's Island and Isle of Palms, a pleasure resort on
the Atlantic Coast. incl. land at Isle of Palms, ferry, power house on
Sullivan's Island and sub-station at Mount Pleasant, &c. Owns and operates 19 pass. and 3 freight ears and 2 ferry boats.
OFFICERS.-Pres.. James Sottile; Chief Eng., W. W. Fuller; Charleston.
-V. 96. p. 201, 862.

CHARLOTTE, N. C.
PIEDMONT & NORTHERN RV.

ORGANIZATION.-Incorp. on Feb. 24 1911 in South Carolina, and on
or about July 1 1914 took over the properties of the Piedmont Traction Co.
and the Greenville Spartanburg & Anderson By. Co. The system will ultimately extend from Durham, N. C., to Greenwood, S. C., 320 miles. In
May 1914, before the consolidation actually took place, the road was operated in two sections (1) 231i miles extending from Charlotte to Gastonia,
which division was known as the Piedmont Trac. Co., and (2) 93.5 miles
-mile branch
extending from Spartanburg to Greenwood. S. C., with a 10.5
from Belton to Anderson, which was known as the Greenville Spartanburg
from Charlotte to Gastonia was opened for
& Anderson By. The section
traffic July 3 1912 and the section from Greenwood to Belton and Anderson in Nov. 1912. The line from Belton to Greenville was completed and
opened for traffic a month later, and the extension from Greenville to
Spartanburg was opened up Mar. 23 1914. Power from the road is obtained from the Southern Power Co.. which is controlled by the same
interests.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
910,000,000
Corn stk $15,000,000 ($100)July 1 1954
See text
5 g J-J
1 1914
First mortgage $50,000,000
c* ntf Int. at Farmers'Loan & Tr. Co.,N. Y.,true.
($1.000), gold
July 1 1919
See text
5 g J-J
1st M coil notes 38,500,000 1914
g ($1,000 & $100) not inter Int. at Farmers'Loan & Tr. Co.,N. Y.. trus.
Bonds.
-Of the $50,000,000 authorized, 510,000.000 are issued and
pledged as security for the $8,500,000 notes. Red. at option ofco.,in whole
or part, any int. date after July 1 1914 at 105 and int. Of the notes, it is
reported that a majority of them have been taken privately by the subscribers to the road. The remainder will be held in the treasury until
disposed of in a like manner.
ROAD.
-Owns and operates 23% miles from Charlotte to Gastonia,
93.5 miles Spartanburg to Greenwood, S. C., with a branch from Belton
to Anderson. 10.5 miles. About 202 miles of line, which will complete the
line from Durham, N. C., to Greenwood, S. C. (320 miles), are contemplated, and, while no definite plans have been announced, it is reported
that the completion of these lines is "manifestly inevitable." Equipment
as of May 1914 consists of 23 motor-driven trolley cars, speed capacity
60 miles per hour; 10 new all-steel pass. cars and 2 steel parlor cars are in
process of delivery' 12 freight-carrying elec. locomotives; 8 box-type locomotives and a freight-car equipment of all-steel standard type cars; 6 new
locomotives have been recently put in use, weighing 6334 tons each.
-P., W. S. Lee; Treas. and
OFFICERS.-Pres., J. B. Duke, N. Y.; V.
Gen. Mgr., E. Thomason; Sec., W. A. Coke; Aud., T. L. Black, all of
Charlotte.
-V. 99, 1:)• 199, 7
48.
-A trolley road.
CHARLOTTE ELECTRIC RAILWAY CO.
-On Jan. 1 1911 the Southern Power Co. took posORGANIZATION.
& Pow. Co. V.91, p.1511. The
session of the. Charlotte Elec. By., Lt.
latter company changed its name to the above title and the gas business was
transferred to the Charlotte Gas & Elec. Co.and the electric light and power
business to the Charlotte Power Co. The bonds in the table below were
issued by the Charlotte Elec. By., Lt.& Pow. Co., and therefore cover the
railway, electric and gas properties. The Char. Electric Ry., Lt. & Pow.
Co. was a consolidation in Jan. 1896 of all the electric lighting and street
railway interests of Charlotte. Afterward merged the Charlotte Gas Light
Co. Street railway,gas,electric lighting and powerfranchises are unlimited
as to time.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock (par $50)
°° 0
3 00
$255,C4 July 1 1929
Char Elec By, L & P 1st M 1 1899 5 g J-J
Co., Halt., Trustee.
1 3.
i9 6
rnstee
3500,000441,000).sfc*n tf Int. at Marc,Tr.& Dep.8
5 A-0
P ref & eat) 1906
Char Elec Ry, L &
M $2,000,000 g($1.000)ctt Int. at Mere. Tr.& Dep. Co.. Bali., Trustee.
-On the 1st M. bonds a sink, fund is provided, operative July 1
Bonds.
1900, of 1% of' bonds out, to be invested in bonds drawn by lot at 10734 and
market:
been
int., if not obtainable at lower figure in open 3380.000 $45,000 have prior
are to retire
canceled. Of the ref, and ext. mtge. bonds.
under carefully guarded restricliens. $1,115,000 for additions and impts.1% of bonds issued, for purchase
tions. Sink, fund operative April 1907 of otherwise, such
investments as
of bonds at 10734 and int., if obtainable;
trustee deems proper. V. 88. p. 1252. $19,000 have been retired.
and 46 cars.
ROAD.-Operates 19.31 miles of track
-For 12 mos. ending Dec. 31 1910 (Incl. gas businessi,
EARNINGS.
CHARLESTON, S. C.
gross. $290.799; net. $130,581; int. and sk. fd., $42.213; surplus, $88,36 .
D RAILWAY & LIGHTING CO. In 1909. gross. 9268,032; net, $121,027; int, $35.275; sun. $85.752.
CHARLESTON CONSOLIDATE
-Incorporated in South Carolina on April 19 1910.
ORGANIZATION.
-V. 83, p. 890; V. 88, P. 252; V. 91. P. 1511.
INDEX.
Leases for a period of 99 years from June 21 1910 the Charleston Cons. By,
Gas & Elec. Co. Lease guar. 6% on pref. and 4% to July 1 1911. 5% to
Jan. 1 1913 and 6% thereafter on corn, stock; also int. on outstanding
CHICAGO, ILL.
bonds of the Char. Cons. By., Gas & Elec.
-As a result of a compromise with the city, cheaper gas, electric
Rates.
AURORA ELGIN & CHICAGO RR.-Third-rall electric (see Map On
rates were put into effect Nov. 1 1912. V. 95, p. 1206.
light and power
page 29).
-Is a consolidation in April 1906 of the Aurora Elgin
Par. Authorized. Outstanding. Dividends.
ORGANIZATION.
STOCK& Chicago Railway, the Elgin Aurora & Southern Traction Co. and the
$50 $1,500,000 $1,500.000
Common
500,000
500,000
Cook County & Southern RR. V. 82, p. 279. 691, 1155. Chartered in
50
Preferred
Wolf. in a letter
-P. Walton Clark; V.
-P. & Illinois under law applying to steam railroads. Pres. L.J. "In the main on
OFFICERS.-Pres., P. 11. Gadsden; V.
dated M ay 20 1909 (V. 88. p. 1618),stated that system is
Gen. Mgr., G. H. Waring; Sec.. G. W. Curran; Treas., Jas. Ball; private right of way or protected by 50-year franchises or grants without
-V.90. p. 1101: V. 91. p. 214, 1327:
M.Benedict.
Asst. Sec. & Treas., C.
limit." Does freight and express as well as passenger business. V. 83,
V. 95, p. 297. 419. 1206; V. 96, p. 862.
p. 490. Has exclusive contract with the Metropolitan West Side Elevated
to operate over its tracks.
(1) Charleston Consolidated Ry.. Oas & Electric Co.
Stockholders voted Oct. 18 1910 to purchase the Chic. Wheaton & WestFeb. 21 1899 as a consolidation of the
-Organized
ORGANIZATION.
from West Chic. to Geneva,abt 10 miles. V.91,p.517.
Charleston City By. and Charleston & Seashore RR. under Special Act of ern By..which runs
Interest. Outsed'g. Div.&due date.
STOCK AND BONDS- Date.
Legislature, granting perpetual charter and gas & elec. light powers.
SO. Car.
1
,
$33,100.000 July'14,1
Seashore division. Incl. wharf prop- Common,$3.10.000 ($100)-- --the
Q-J
In Oct. 1912 sold to James Sottile from Mt. Pleasant to the Isle of Palms,
3,100.000 July'14. 1
Q-J
Prof $3,100,000($100)6% cum ____
fenyboats, the railroad line
erties,
and the power house on Sullivan Island. Sale was auth. First and refundlng mortgage3,079,000 July 1 1946
with its equipment,
Feb. 12 1913 and formal transfer
$15,000.000, gold ($1.000) Int. at Cit. Say. & Tr. Co., Cleve., and also
by an Act of the Legislature approved
See Charleston -Isle of Palms
in N. Y. Trustee, North. Tr. Co. Chic.
c*&r*tf
See text
was made Mar. 15 1913. V. 96. p. 862.
A E & C By first mortgage 1901 5 g A-0 15 2,800,000 Apr 15 1941
Traction Co. below.
$3,000,000 ($1,000), gold Amer. Tr. & Say. Bank, Chicago, Trustee.
Franchises are perpetual. Also owns the capital stock of the Charleston
Charleston-Edison Light & Power Co.
tf Interest payable in Chicago and Now York.
cannot be called
Gas Light Co. ($698,150) and the
transportation Elgin Aurora & Southern firsti 1901
1.613,000 June 1 1916
5 g J-D
($100,000), and thus controls the whole field of light and
mtge. $9,000.000 ($1.000) Int. at Amer. Tr. & Say. BankChicago,
Charleston. V. 92. p. 880.
in
Trustee and First Nat. Bk., Si. Y. City.
gold, sinking fund----c tt
shareholders authorized the issue of $500,000 new comOn March 18 1914
Stock.-Pref. stock was 5% cum. until April I 1909; since 6% cum.
mon stock. B. 98, p. 999. 610.
Interest. Outstanding. Maturity.
-Of the $15.000,000 (originally $25,000,000, but reduced in 1910)
Bonds.
STOCK AND BONDS- Date.
$2,500,000 See text.
Q-J
1st & ref'g bonds. 3316.000 are in treas., $4,538.000 reserved for prior liens
corn, $3,000,000 ($50)- __-_
Stock,
500,000 See text.
Q-J
and the balance for improvements, extensions and self-supporting acquisiPref 6% cum. $500.000 ($50)738.000 Jan 1 1923 tions, under rigid restrictions. They are not subject to call now. See V.
-1§§ 5 g J-J
Charleston City first mtge 1
($1,000), $859,000 goldctf Tax free. Int. at Marc.Tr.& S. D. Co.,Balt. gg, p. 1618. On the Aurora Elgin & Chic. By.a s.f. of $50,000 per annum
1,762,000 Mar 1 1999 began on April 15 1911. See V. 74, p. 726. 5200.000 have been retired.
5 g M-S
1899
Consol mtge. gold. $2.500.- Interest at Baltimore Trust Co., Trustee.
first
& South. bonds a sinking
tf
•
000, coupon (31.000)- coupons at Carolina Savings Bank and People's On the Elgin Auroraann. thereafter; $387.000fund is 317,000 per ann. are
have been purchased and
5 years and $25,000
Holders can also collect
the month.
National Bank, Charleston. if presented before the 10th of retire a like now held in sinking fund.
-First dividend on pref.-1X%-paid July 1906 (V. 82, P.
Dividends.
-Of the consolidated 55, $738,000 are reserved to
Bonds.
1436). and the same amount quarterly since then up to and Including
amount of City By. first 58. guaranteed under lease above.
April 1909. July 1909 dividend increased to 134% and same amount paid
-See dividends
Dividends.
7 1907. In 1909 to
quer. since. On common, first dividend
-Owns 35.6 miles of electric road in Charleston. The com- 1912,Incl., 3% yearly. In 1913, Jan., -q%-Oct.%;July, %; Oct..
ROAD. &c.
%:April.
two power stations; both railway and light and
pany has consolidated its operated from same stations.
fi%; July, %.
%. In 1914. Jan.. .3"4:%;
power divisions are being
-For year ending June 30 1913 in V. 97, p. 1580.
REPORT.
OFFICERS.-Pres.. Philip H. Gadsden; See. & Treas., Chas. J. Bendt, Year ending
Net(after Other Interest Dividends Balance,
Gross
No. 141 Meeting St., Charleston. V. 88.
(9%). Surplus.
Earnings. Taxes). Income. Paid.
both of Charleston. Offices, 92. P. 593. 880; V. 95, p. 1122; V. 98. P•
June 301101. 1169: V.
32,013.030 5774,388 51,814 $395.223 $279,000 $101,979
p. 504; V. 90, p.
1912-13
98.329
1,892,388 755,216 8,240 386,127 279,000
610.999.
1911-12
-Operates from 5th Ave.station in City of Chicago, over tracks
ROAD.
CHARLESTON-1SLE OF PALMS TRACTION CO.
Metropolitan West Side Elev. road, to 52d Ave._, Chicago; thence on its
ORGANIZATION.-Incorp. in S. C. Jan. 9 1913 with auth. capital of of line to Wheaton, with lines from Wheaton to Elgin, Batavia. Geneva
steam or electric, street railways, &c., own
$1,000.000. to build railroads.
over what was formerly the Seashore and Aurora; also from Elgin to Carpentersville, Dundee, St. Charles.
Chioperate steamboats, and to take
Gas & El. Co. Also does electric Geneva, Yorkville and Bristol, and a line from Wheaton through West T.
division of the Charleston Consol. Ry.,
cago to Geneva. Total single track. 166 miles. Third rail, standard
business.
lighting

F




SEPT., 1914.

ELECTRIC RAILWAYS

3

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. Executive offices,
New England
Cleveland, Ohio -V. 92, p. 1563; V. 93. p. 1105.
1530; V.95. p. 817. 1201; V.97. p. 727, 1580.
Bldg..

On Jan. 29 1912 City Council passed an ordinance providing for the acquisition by Chicago City Ry. of city lines of the Chicago & Southern
Co. V. 94. p. 349. 629. The latter was sold at foreclosure in Feb. Trac.
1912.
The lines outside the city were taken over by the Chic. & Interurban By.
In the interest of the Hammond Whiting & East Chicago By.
Wages.-See under Chicago Railways.
STOCK AND BONDS- Date.
Interest. Outstanding. LastDiv..&c.
Stock,$19,000,000 41003_ _ _ _
_ _Text Q-M30 $18.000,000 Sept'14,2H
1st mtge ($1.000) g_ -c*&r•tt1 1907
5 g F-A
31,200,000 Feb 1 1927
CHICAGO CITY & CONNECTING RYS.-A collateral trust.
First Trust & Say. Bk., Chicago,
Formed in 1910 under a trust agreement, to take over the stock of the
Bonds.
-There Is no limit to the amount of bonds that mayTrustee.
be issued
Chicago City Ry., together with the securities of the Calumet & South under the above mortgage. Under the Chicago
city
Chicago Ry., the Southern Street Railway, the Hammond Whiting & East purchase by the city or its licensee, and only in such ordinance, in case of
case, the bonds may be
Chicago Ry. and the Chicago & Western. These properties comprise ap- called as a whole,for payment at par and int., on any
int,
proximately 458.45 miles of street railway in southern division of Chicago turity. V.84. p. 1488. 1550. Bonds are listed on Chicago date before maStock Exchange
and vicinity. See outline of plan in V. 90, p. 558, 825. The trustees are (V. 98. p.386).
E. H. Gary, A. J. Earling and S. M. Felton.
DIVIDENDS.
-Usually
Favorable Decision.
-As to decision of Ill. Supreme Court in suit of Clar- 1901. 10X %;in 1902-09, 12%; were in 1893 24%; 1894-1900, 12%; in
9%;in 1910,16%; in 1911. 11 X %;in 1912.11%;
ence H. Venner, affirming that of the Superior Court of Cook County, in 1913. Mar.,234%;
June. 234%; Sept., 234%; Dec.,
ext.
which held valid the agreement creating the Chicago City & Conn. Rya. In 1914, March.
234%; June. 234%; Sept., 234%.234% and X%
coll, trust,see V.96. p. 1364.
ROAD, &c.
Maturity. single track, all(incl. Southern St. Ry.).-Company owns 328.54 miles of
STOCK AND BONDS- Date. Interest. Outstanding.
now operated by electricity. System covers the South Side
150.000 shs.
-a
Corn part certs 150,000 shares_ __
s
See text.
of Chicago, extending
250,000 shs. July '14,32.25 Street and between from the centre of the business district south to 79th
s
-a
Prof part certs 250,000 shares_ __
the South Branch of the Chicago River and the Lake.
Coll trust mtge 322.000,0001 1910 5 A-0 $22,000.000
Jan 1 1927 1,075 double-truck cars.
522 single-truck cars,miscel..203; total, 1,800.
gold sinking fund c*Str•tf Int. at 1st Tr.&S.B.Ch1c., True., or in N.Y
.
REPORT.
-For 12 months ending Jan. 31 1914. See
-Preferred participation shares have no par
Participation Certificates.
V. 98. p. 905.
1914.
value but are entitled to preferential cum. dive. aggregating $4.50; also,
1913.
1914.
1913.
after corn. pectic. shares shall have received $4 in any year .the remaining
$
$
surplus, not exceeding In any year $1,000,000, shall be paid ratably. X to Pass. rects.,incl.
pro
Co:s
811.675
791.171
So. St. Ry..11,289,037 10,838,714 Int.
pref. and X to corn., but in no case will the pref. certs. be entitled to more
on cap„...t2.305.151 z2.217.266
Other receipts 446,406
than $7 each per annum; also have preference upon distribution of trust
405,267
fund to the amount of $100 each and accumulated dividends.
Inc.from op. 3.116,826 3,008.437
Total rects..11.735.443 11.243.981
-Coupon bonds in denom. of 21,000; registered bonds $1,000 or
Bonds.
Op. exp..tax.,
multiples. A sink, fund provides for redemption, begin. March 1 1915 .of
Other Income.. 220.799
260.172
$105,000 of bonds p. a., they being redeem, for the s. f. or as a whole ,at ren., int. on
cap. inv. and
105 and int. In case of purchaso of property of the Chicago City By. by
Net income 3,337.625 3.288,609
So. St. By.
City of Chicago, or termination of trust agreement of Jan. 1 1910. then
bonds are redeemable at par and accrued interest. See V. 90. p. 558, 625. net earnings.. 9.931.721 *9,485,823 Int. on bds- 1.409.549 1,286,102
Bonds are listed on N. Y. Stock Exchange. V. 94, p. 1118.
Net earnings 1,803.722 1.758.158 Divs. (10%)- 1.800,000 1,800.000
Stocks and Bonds Deposited to Secure the Coll. Tr. Bonds (Sept. 1914)•
City's proporStocks (par).
Bal.,surp__
a Bonds (par).
128,076
182,507
tion (55%).. 992.047
966.987
Chic. City Ry.,value $200 per $100 sh.$16,971,91111 None
Calumet & South Chicago Ry
10,000,000
•Includes contingent reserve fund
Southern Street Ry
of $60,000 to apply on account of in*2,400,000
Hammond Whiting & East Chic. Ry__ *1,000,000 *1.000.000 new 1st 56 crease of wages of trainmen and barnmen from Aug. 1 1912 to Feb. 11913.
x The "interest on capital investment
Chicago & Western
."
*72,000
*74,000
board of supervising engineers,as provided $2,217,266. is that certified by
by the ordinance of Feb. 11 1907.
OFFICERS.
Total
-Chairman Ex, Corn., Ira M. Cobe; Pres., Leonard A.
$30.443,900 $1,074.000
Busby; V.
-P., H. B. Fleming; Sec.and Treas.,F.
•Entire issue.
-V.94.D. 349,1529,826,978, 1118; V. D.Hoffmann: And.,John
a Under provisions of the trust mortgage these respective issues of bonds J. Duck.
1744:
each as an entirety may be converted into capital stock of the respective 62. 1015. 1384,1535. 1827; V.97. p. 1732; V.98,95,p. 1683,905, V.96,P.
p. 155. 386,
911.1244.
1692. 1919.
companies to an equal amount.
Dtvidends.-On pref. part. ctfs. $2.25 per sh. has been paid semi
(2) Calumet & South Chicago Ry.-Electric.
-an,
since June 1910 to and incl. July 1914. On com. part. ctfs. $1 per sh. was
ORGANIZATION.
-Is a consolidation formed in 1908 of the Calumet
paid semi-ann. from June 1910 to and incl. July 1912. None paid since.
Electric Street By. and South
REPORT.
-For calendar years; V. 98. p. 452.
terms of ordinance passed by Chicago City Ry. in accordance with the
the City Council Mar. 30 1908. Lines
Gen. Tax- Dios. on Sun,. are located in the south division
- Bond
Cal. --Income-of
Gross. Interest. Exp.
Int.
grants franchises until Feb. 1 1927 the City of Chicago. The ordinance
es. Part Shs. Inc.
Yr. Divs.
and provides that the city Is to receive
$
55% of net receipts after allowing
$
$
for operating expenses, taxes and de2.301.828 1,099,488 46.739 12,419 1.125.000 18,180 predation and 5% on
1913..2.228,050 73.776
present
1912..2,364,181 73.069 2,437,250 1,100,000-51,007- 1,275,000 11.243 improvements and extensions. value, together with amounts expended for
Interchange of transfers with Chicago City
-Chairman,Ira M.Cobe; James B. Forgan, By. by establishing four
BOARD OF' DIRECTORS.
transfer zones
John J. Mitchell. Samuel Insull, John A. Spoor, B. E. Sunny, Harrison. zones free transfers cannot be compelledis provided, but in three of these
unless net earnings for preceding
B. Riley, E. K. Boisot and L. A. Busby.
year were equal to 5% on the investment
and the company's share of the
OFFICERS.
-Sec. & Treas. W. W.Crawford.
-V.90, p. 53,108, 558. net earnings amounts to 134% additional. City
625.848. 1675; V. 91, p. 1629. 1710; V. 93. p. 345: V. 94. P. 349. 1118: Feb. 1 or Aug. 1 of any year upon six months'may purchase Property on
notice for present value,
which is fixed at 35,000,000, plus amounts
1683. 1744: V.96. P.419, 1555. 1772; V.98.P. 452, 610.
expended for Improvements.
additions and extensions, but only for municipal
-An electric road.
operation, where purchase
(1) Chicago City Railway.
Is made prier to Feb. 1 1927. With an
Unified Operation of Surface Lines.
addition of 20% In price,
-See Chicago Railways statement for also ,purchase for
the purpose of turning property over to other city may
details of unification.' Ordinance under which the lines of this company purchased
Parties (if
for
are operated jointly with those of the Chicago Railways Co.as a single sys- this additional Chicago City By. only 12% additional need be paid), but
sum need not be paid where these other parties agree to
tem under the control of a joint Board of Operation.
pay
over to the city all of the profits above 5% on the
purchase price. V. 86.
ORGANIZATION.
-Incorporated in Feb. 1859, and has extensive sur- p. 1223. On ,,an. 31 1914 certified value of
property and additions thereto
face road privileges In the south division of Chicago. In June 1908 entered was $9,820,365.
into a contract with the Commonwealth-Edison Co., by which the Chicago
Operating Agreement with Chicago City Railway Co.
-On June 29 1908 ChiCity Ry. agrees to buy all of its electric power from that company until cago City Council approved agreement by
June 1918. The railway has abandoned its producing plants but retains operste Calumet & South Chicago Ry. C which Chicago City By. agrees to
Co.'s strt railway system, and to
street
Its distributing plants. V. 87, p. 1010.
place in operation the zone system of transfers, as described
above. The
New Ordinances and Franchises.
-On Feb. 4 1907 the City Council passed latter company agrees to pay actual
ordinances providing for a settlement of the franchise question. These are to be paid by both companies incost of this operation, and joint costs
proportion to gross receipts of each.
ordinances were approved at the city election on April 2 1907 and formally with certain exceptions. In addition, Calumet & South
accepted by the company's board of directors on April 15 1907. Suit to will pay Chicago City Ry. X of the actual saving in oper. Chicago Ry.
exp.
set aside franchise was dismissed In April 1912. V. 94, p. 1118. An ex- from joint operation,such saving to be determined by a board of resulting
engineers.
tended outline of these ordinances, one to the Chicago City Railway Co., See V.67, p. 224.
and covering the lines operated by that company, and the other to the ChiSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity,
cago Rys. Co.. and covering the lines of the former Chicago Union Traction Stock,
310,000,000 (3100)310.000,000
Co.(now the Chicago Railways Co.), was given in V.84, p. 1123. The value
-A
5,325,000 Feb 1 1927
of the tangible and intangible property of the Chicago City Ry. at date of First mortgage rehabilitation f 1908 5 g F
(21,000) gold, no s fe*&r alInt. at First Tr.& Say. Bk.,Chic.. Trustee.
the ordinances was fixed at 321.000,000. The city or any company auBonds.
-The issue of 1st mtge. bonds is indeterminate, amount to
thorized by It is given the right on Feb. 1 or Aug. 1 of any year, on six
limited to amount of new work done on property. They are subject be
months' notice, to purchase the entire property of the two systems,
to
or either call at any int. date before July 1 1912 at 105 and int.;
of them, at their value at date of ordinance,
thereafter only in
and extensions, Including fair allowances plu.s "the cost of rehabilitation case city shall purchase property at par and Int. on any int. date. No s.fd.
for construction profit and
brokerage". But if the properties are acquired for operation
EARNINGS.
-For year end. Jan. 31 1914 (joint partnership wet),
by a private corporation, for its own profit, the purchase
price Is to be increased gross, 21,308,495: net. $429.882: int. on invest., $472,495; def. due co.
20%-barring the case of a private company which
might be willing to from the net of succeeding year. $42,813. For year end. Jan. 31 1914(Inturn over to the city all profits above 5%
dividual acc't), int. on cap.. 2472,495; other income, $57,425; int.
on
The companies are limited during their on the cost of the investment. bonds, $232,986;
surplus, 3298.934.
operation to an interest return
of 5% upon the agreed value plus the cost
of rehabilitation and extenROAD.
-Owns and oper. 119.23 miles of track reaching South Chicago.
sions. All net profits above this are to be
divided on the basis of 55% Pullman, West Pullman. Auburn Park,
to the city and 45% to the companies, but a
Burnside and Manhattan Beach.
deficit in any year is to be Also extends from Jackson Park
made good out of the profits of subsequent
years. After April 15 1910 the along Lakeshore and both sides to 106th St. and the Indiana State line.
companies are required to set aside
of Calumet River. 70.75,83 and 85 rails.
-lb
of the gross
and repairs and an additional 8%67 the gross receipts for maintenance
OFFICERS.-Pres.,L.A.
of
-P., W.W.Crawford; Sec.& Treas..
and depreciation. Whatever portion of the two receipts to cover renewals F. D. Hoffmann; Aud., Jno,Busby: V.
J. Duck.
funds Is
-V.90, ro. 53. 1044. 1483: V.91. p.
in the funds and passes to the city or Its licensee upon not used remains 1628, 1710: V.92. p. 794.880.1026: V.
93, p,345. 666, 1599; V.94, p.629.
purchase. But if
the two funds are not sufficient for the purposes
named, the companies 1311: V.96. p. 1088, 1420, 1627; V.98. p. 1070. 1243, 1603.
are obligated to supply additional funds.
(3) Southern Street Railway Co.
Free transfers are required over all connecting lines within
-A trolley road.
the city limits
covered by the Chicago Railways Company,
ORGANIZATION.
the Chicago City Railway
-Incorporated in Illinois as a
and the Southern Street Railway (except territory
Chicago General Ry., which was bid in at foreclsoure reorganization of the
sale on Sept. 30 1907
Street, south and main branches of Chicago River bounded by Twelfth by the Southern Street
and
Railway Co. V.85.P 803.
until subways are in operation, when transfers will be Lake Michigan.
Operating Agreement with Chicago City Ry. Co.
-On April 1 1909 the
s tions In the subways), provided the passenger hasgiven at all
ordinance by which the Chic. City By. operates the
paid
ec
interc
property went into effare and is traveling in any one general direction. Certain a five-cent fect when the City Company took
possession and began operating with 25
extensions new cars,
are provided, and the Chicago City Company agreed to construct in
retiring
ad- were all retired an equal number ofold ones. The $800.000 1st 5s of 1904
dition the equivalent of eight miles of single track and the
and trust deed released. The new bonds issued to provide
Chicago Railways system the equivalent of twelve miles of single
track, In each year for rehabilitation requirement and
after the third year. The companies also agree, upon demand of the city, been retired. Chicago Citys Ry. for refunding of old lsts have also since
to furnish funds not exceeding $5,000,000 in the aggregate for the
therefrom (after allowing 5% returnoperates the property and the income
on the investment) is divided between
don of a central down-town subway to be built and owned by construc- the city and the Southern
the city,
the terms of the ordinance, as in
two-fifths of the cost to be borne by the Chicago City By. and three-fifths V. 88. p. 1003. 55% goingcompany under45% to
to the city and
the Southern.
the Chicago Railways, Section 25 of Chicago City
By. ordinance fixes
STOCKDate.
Interest. Outstanding. Maturity.
the capital investment limitation of the company as follows: "The com- Stock, 32.400,000
($100)--- $2,400,000
pany shall not be required on account of any extensions or subways or on
Bonds issued under 1st mtge. of 1909 were
account of underground trolleys, or on account of any
extensions of its and stock Issued in exchange. No bonds now from time to time canceled
out.
street railways, other than the extensions provided for in exhibit 'A', and
EARNINGS.
-Included in statement of Chicago City By.
in Section 36 of this ordinance, and four (4) miles of double or eight (8)
ROAD.
-Included in Chicago City By.
miles of single track per annum,as in Section 3 hereof provided, to increase
its total capital Investment to such an extent that the return thereon over
OFFICERS.-Pres L. A.Busby; V.
and above the interest charge of 5% thereon by this ordinance authorized F. D. Hoffmann; Aud., Jno. J. Duck. -P.,W.W.Crawford;Sec.& Trate .
-V.91. p. 1631, 1712.
would be reduced to an inadequate or unreasonably small amount.'
(4) Hammond Whiting & East Chicago
The franchises granted by the ordinances run until Feb. 1 1927. The
Railway Co.
-A trolley road.
reserves the right at any time to commute a sum not exceeding
city
All securities are owned by the Chicago
City & Connecting Rys.
city's share of the not receipts for the previous year into a reduction of the
the
ORGANIZATION.
-Incorporated in Indiana in Jan.
rates of fare.
to Hammond Whiting &
1910 as successor
East Chicago Electric By.
Calumet & South Chicago Operated.
-Under an operating agreement en- 1954. Power is furnished by the
Franchise
Calumet & South Chicago By. expires in
tered into In 1908, operates the Calumet & South Chicago By. and will also
STOCKdirect the work of its rehabilitation.
Date.
Interest. Outstanding. Dividends.
.000(3100) _ a
3 000 000 a
5. . :
Southern St. Ry. Operated.
-Under ordinance which went into force SFtoirsckt
g
$1: 880
888:
mtge.
April 1 1909, operates the Southern St. By. and will carry on work of the
0 Feb 1 1930
rehabilitation of that road.
c&r tf Int. at
Bonds($1. .)Subject to call at 105 and First Trust& Say. Bank,Chic.
°13
0
.Trust.
int. E.K.Boisot is also
trustee.
by




- i5, 5
0

32

ELECTRIC RAILWAYS

[VOL.

xcix.

In the remarks concerning the Chicago City By.on a preceding page of thl
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 11 1907. 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. 1 1907. With the expenditures already made, the
TRACTION CO.
CHICAGO & INTERURBAN
valuation of road, equipment and franchises in April 1914 (including the
ORGANIZATION.-IncorP. in Illinois Feb. 14 1912 to take over the proceeds to be derived from an additional issue of $3,000,000 bonds then
at foreclosure) outside
property of the Chicago & Southern Trac. Co.(sold acquired by Chic. City Just made) was computed at $83,734,874. V. 87. ti• 677: V. 88. p. 504;
having been
the city limits, the lines within the cityof an ordinance passed Jan. 29 1912 V. 95, p. 236 and 419.
All expenditures for reconstruction and extensions are being made under
By. V. 94. p. 697. Under the terms
Ry. and the Chic. & Interan operating agreement between the Chic. Citylatter company shall run to the direct supervision of a board of supervising engineers headed by Mr.
urban provides that the interurban cars of the
Dion J. Arnold, and the company is required, under conservative restricHarrison St.
tions, to advance moneys for the construction of subways by the city.
a downtown terminus at
Interest. Outstanding. Maturity. The expenditures for reconstruction and extensions, including any contriSTOCK AND BONDS- Date.
$1,000,000
butions for subways, after Feb. 1 1907 are to be added to the value of the
Stock, $1,000,000 ($100)1.350.000 Jan 1 1932 properties recognized by the ordinance, together with 5% of such expendi5 g J-J
First mtge. gold (51OO, $500,1 1912
c*tf lint. at First Tr.& Say. Bk., Chic., Trustee. tures for brokerage. As compensation for its services in construction
$1.000), no s f
-The auth. amount of 1st M. bonds is not limited. Bonds are the company will receive an additional 15% of all expenditures for reconBonds.
subject to call in whole or in part, beginning with lowest number. at 102 struction and extensions, exclusive of amounts contributed for subways.
bonds in treasury.
and reconstruct the tunnels under the
on any interest day. There are also $139.000 gross. $290,811; other inc., The company agreed to lower La Salle and Van Buren streets. The
Chicago River at Washington,
-For year ending Feb. 28 1914.
EARNINGS.
net. $155.597; int. & taxes. $79.123; surplus, $76.- ordinance requires through routing over certain lines of the Chicago
$2,200; total. $293.011;
City Ry. Co. and the exchange of transfers with that company. The lines
474.
-Consists of 48 miles of line between 119th St. and Vincennes of the Chicago City By. Co. cover what is known as the South Side of ChiROAD.
-lb. T rails.
cago, and the lines of the Chicago Rys. Co. the North and West Sides.
to Kankakee, III. Standard gauge. 70
Road. Chicago.
-P.. Chas. R. Moore;
-Under the terms of the franchise, the company
Right to Purchase by City.
OFFICERS.-Pres. & Mgr.. John L. Matson; V.
-V.94, p. 697; V. 95, p. 968.
agreed to waive all rights under previous grants, and gave the city an
& Treas., W. W.Crawford.
Sec.
option to purchase all of its property for municipal operation at any time
-A trolley road.
-year franchise granted the company
prior to the expiration of the 20
CHICAGO & MILWAUKEE ELECTRIC RR,.
-Receivers were appointed Jan. 28 1908. At the by the ordinance. The price to be paid by the city to be $30,779,875.
Receivership and Sale.
foreclosure sales on Sept. 25 1912 the properties were bid in by Jacob New- the valuation of the properties February 1 1907. as above mentioned,
man of the reorganization committee at $1.600,000 for the Wisc. Div. and plus all expenditures after that date for reconstruction, extensions and addiadvanced to the city for
$1.650,000 for the Illinois Div. The sale of the latter, however, was set tions to the properties, including any amountsbusiness
district. In case
aside by Judge Landis in the U. S. Dist. Court on Jan.2 1913 on the ground the construction of subways in the downtown stated, prior to 1927,the
'
that bidding had been suppressed and that the price obtained was much the property shall not be purchased, as above
V. 95, p. 817: V. 96, p. 62, 135. He also criti- expiration of the franchise, the city covenants that it will not then grant
below the true valuation.
cized the plan of reorganization, saying it would create "a great mass of a franchise to any other corporation for the operation of a competing system
shall purchase
securities which represent no investment whatever by anybody at any time." In the company s territory unless such other corporation has the option
V.96, p. 135. On June 6 1913 the U. S. Circuit Court of Appeals affirmed the property of the company at said price. The city also
the order of Judge Landis setting aside the sale of the Illinois Div. V. 96. of requiring the company to sell its property to any other licensee corporaownership
p. 1700. On Feb. 27 1914 Judge Geiger in the U. S. Dist. Court ordered tion of the city,or of purchasing the property itself for municipalduring the
any time
the re-sale of the Wisconsin Div. and denied the petition of a stockholder (with no requirement as to municipal operation), atthe city or a licensee,
intervene to become a party to the suit to prevent the reorganization life of the franchise; but in case of such purchase by
to
committee from being permitted to bid at the next sale. On May 29 1914 the price to be paid shall be 20% more than the price above mentioned:
the U. S. Circuit Court of Appeals affirmed the decision of Judge Geiger but the licensee shall not be required to pay the additional 20% if it shall
ordering the re-sale of the Wisconsin Div. V. 98, p. 1692. On Aug. 17 agree to pay over to the city all profits in excess of 5% on the investment
and the first
1914 Judge Geiger ordered the re-sale postponed for six months on account In any event, (1) the purchase price must be paid in cash a first lien in
of prevailing financial conditions. Any party in interest, however. may, mortgage bonds of the company will attach to such cash aswithin said 20
motion for an earlier sale. V. 99, p. 537. Judge Landis the event of such purchase; or (2) such purchase (if made
meantime, file a
has accounced that he will set a date for the sale of the Illinois Div. which years), must be consummated expressly subject to the lien of the 1st mtge.
will coincide with that which may be named by Judge Geiger for the sale of bonds, but if made at the expiration of said 20 years. the amount thereof
must also be paid in cash.
the Wisconsin Div. V. 98. p. 762.
-cent fare.
-The company is entitled to a straight 5
Compensation to City.
The new reorganization committee(V.94,p.206)composed of representacompensatives of both the Wisconsin and Illinois Div. bondholders in Jan. 1912 pro- with universal transfers. In turn, provision is made for specialonly out of
calling for the formation of a new company tion to the City of Chicago, but this compensation is payable
posed a plan of reorganization
all opwith $6.000,000 stock. $10,000,000 1st M.5% bonds (present issue $4,500,- the surplus earnings of the company after paying or providing for
000), covering entire property, 34.500,000 1st 4% non-cum. income bonds erating expenses, including the charges for maintenance and depreciation
(a 2d mtge. on III. Div.) and $6,000.000 2d non-cum. incomes (a 2d mtge. prescribed in the ordinance and 5% upon the valuation of the company's
operation,
on the 16 miles of Wisc. Div. and 3d mtge. on Ill. Div.). Depositaries, property at which it may be purchased by the city for municipal of Chicago
Chicago Title & Trust Co., Chicago, and National Trust Co.,Ltd..Toronto. as above stated. Of the surplus earnings so remaining, the City
receives 55% and the company 45%.
See V. 94, p. 630, 1249.
-The trust indenture securing the participation
Control by Trustees.
-Incorporated under the general railroad laws of
ORGANIZATION.
certificates provides that until Aug. 1 1912 and to the full extent thereafter
as steam roads.
Illinois and Wisconsin and has the same privilege of the Chicago & This which may be permitted by law until all of the consolidated mortgage bonds
Milpurchase on Dec.311902
company was successor by
of the company shall be fully paid and discharged, the directors of the
waukee Electric Railway Co. Does a freight business. Franchises, except company shall be elected by Messrs. A.C. Bartlett, Chauncey Keep, Charles
and towns.
four, are said to be perpetual: serves 25 cities order permitting Receiver II. Titilburd, Albert A. Sprague and Charles G. Dawes of Chicago, and promade an
In May 1913 U.S. Dist. Judge Landis Waukegan Fox River & Western vision is made in the trust deed securing the 1st mtge. bonds for the appointJohnson to purchase the property of the
in Waukegan) for $56.000. ment of a permanent finance committee, composed of Messrs. Henry A.
Blair. Seymour Morris and B. A. Eckhart of Chicago.
Electric RR. (consisting of 1 mile of track
-On Dec. 27 1910
Acquisition of Chicago Consolidated Traction Properties.
V. 98. p. 1364.
-a.
Landis instructed Receiver Johnson to pay the s.
the Chic. Consol. Trac. Co. and its
Judge Grosscup
In Dec. 1913 Judge
Railway bonds. V. 97. p. 1897. eight underlyingconfirmed the sale of 30 1910 to Andrew Cooke and the
companies on Nov.
int. due in January on the 51.080.0005%
to be paid.
sale by the latter of all properties within the city limits to the Chicago RailThe interest due June 1914 was also instructed
Old Securities.
ways Co. (V. 91, p. 945. 1253. 1511). pursuant to an ordinance passed
Interest. Outstanding. Maturity. Oct. 10 1910 (placing valuation at $4,021.982). like in tenor, amendatory
STOCK AND BONDS- Date.
,000,000
and supplemental to ordinance of Feb. 11 1907 (V. 91. p. 1025. 1159)
Stock $5 000.000
1,080,000 July 1 1919 See reorganization plan. V. 90. p. 1613; V.91. p. 37. 'The lines outside the
E ky 1st M41,500,000 1899 5 13 .7-J
0
Co., N.Y.,and Cleve- city were acquired by the County Traction Co. (now the Chicago & West
v
($1,000 each) may be Int. at Standard Trust
Cleveland Trust
called any interest day at land Trust Co., Trustees, Chicago.
Towns By.). which has no connection with the Chicago Railways Cos.
Co. and Royal Trust Co..
c
105 and interest
On Nov. 1 1910 a deposit agreement was entered into by the holders of the
00 00
4.0 0 July 1 1922 securities of the Chicago Consolidated Traction and its subsidiaries, pro1st M.15.000.- 1902 5 g J-J
C & M E RR
Int. at Merchants' Loan & Tr. Co., Chicago, viding for the exchange of the said securities tor Chicago Rys. Co. Purchase
000, gold 41.000)
Trustee or Nat. Bk. of Commerce, N. Y. Money 4% to 5% bonds and Adjustment Income 4% bonds, both dated
10,000.000 Jan 1 1925 Jan. 1 1911 and maturing Feb. 1 1927. For description of bonds and terms
5'g J-J
Wisconsin Division. lit M. 1905
uar. gold, $10,000,000, Int. at Western Tr.& Say. Bk., Chic.. Trus.. 01 exchange, see V. 91, il. 1384, and compare V. 90, p. 1613; V. 91, P• 214.
or U.S. Mortgage & Trust Co., NewYork.
-On July 30 1909 reached agreement with the Corn.
Contract for Power.
6 M-N 11 1,036.000 Nov 5 1911 Edison Co. for power for a period of 6 years from Feb. 1908. V. 89, p. 348.
,
Receii er's certifs ($1,000)____ 1908
The receiver's certificates are a prior lien only to the 510,000.000 Wiscon-On Aug. 31 1912 the employees of the Chicago Street
Wage Agreement.
sin Division 55 due 1925. V. 86, p. 856. 1159, 1223.
railways rejected the proposed wage agreement (see V. 95. p. 618). and the
-For calendar years:
EARNINGS.
referred to a hoard of arbiters which handed down its findings
Balance, matter was 1913, awarding the men an approximate increase of 2c. per hour.
Interest
Total
Other
Net (after
Calendar
Surplus. on Mar. 29
Receiver.
Revenues.
Taxes).
YearIncome.
effective Aug. 1 1912.
$245,665
5302.700
5965.619
364,430
57.395
1913
-In Oct. 1912 the U. S. Circuit Court of Appeals
Favorable Decision.
261,825
982,588
323.960
67,501
5,376
1912
affirmed the decision of Judge Kohisaat. dismissing the suit brought to have
-Operates 170 miles of track from Evanston (where connection the compromise franchise of 1907 annulled. V. 95. p• 1206.
ROAD.
-In April 1914 the company arranged a settleis made with Chicago) through Waukegan, Kenosha and Racine to MilSettlement of Yerkes Suit.
waukee, including extension to Libertyville. Practically all the road Is ment of the suit brought by the Yerkes estate on the guaranty of the oonds
built on private right-of-way and road is double-tracked throughout. of the Chic. Consol. Trac. Co. by the Union Trac. Co. V. 98. p.1155.
-lb. V. 67, p. 900.
Rails, 65 and 85
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
-P. Gordon A. Ramsay: Sec., Stock.$100,000
OFFICERS.-Pres.. A. C. Frost; V.
See text. See text.
1 1907 5 F
-A
Pierre G. Beach: Treas.. W.0. Kilman.-V.'94. p. 67. 206, 349. 487. 559. First mortgage (see text).
$52,955.000 Feb 1 1927
630.910, 1249. 1762: V.95. p.361,679,817; V. 96. p.62. 135. 1156. 1364,
c‘tr tt Int. at Harris Trust & Say. ilk., Chic., Trus.
gold
(81.000)
or at Harris. Forbes & Co., New York.
1700: V. 97, p. 1897; V. 98, p. 73. 762. 1155, 1692; V. 99, p. 537.
See text. Feb 1 1927
5%
gold
-An electric road (See Map on page 33). Consol mtge,Covering City Lines
'
CHICAGO RAILWAYS CO.
t 1 Former Chicago Consol. Traction.
Bonds
-See remarks under Purch-money M $6.000,000 gI 1910
Proposition to Unite Surface and Elevated Lines.
$4,073,000 Feb 1 1927
4-5 J-J
Chicago Elevated Rys.
--c*tf Illinois Tr. & Say. Bank, Chic., Trustee.
($500 and $1.000)-Under the title of Chicago Surface
Unified Operation of Surface Lines.
2,500,000 Feb 1 1927
4 g May
Adjust Inc M 32.500.000 goidI 1910
Trustee.
Lines the properties of the Chicago Railways Co. and the Chicago City
($100&$500)(non-cum)C* tf 1. Central Trust Co.of III- Chicago. nominal
Railway Co. are now being operated as a single system under the control
the company which is ssued in the
-The capital stock of
Stock.
of a joint board of operation in accordance with an agreement between the amount of $100.000, has been made the subject of a trust agreement. dated
two companies and the unification ordinance which became effective Aug. 11907 and executed Jan. 25 1908, by and between the Chicago RailFeb. 1 1914. While under the terms of this ordinance and the agreement ways Co. and Messrs. Adolphus C. Bartlett, Chauncey Keep, Charles H.
the ownership of the properties remains entirely separate and distinct, the Hulburd.Albert A. Spraigue and Charles G.Dawes, as depositaries, and
combined earnings are to be divided upon an agreed basis. For the two Central Trust Co. of New York as custodian. Under this agreement
years ending Jan. 31 1916 the Chicago Rys. Co. will receive as its share the stock serves as a basis for the issue of the participation certificates.
59% of the income remaining after the payment of all operating expenses, representing in all 265.100 equal parts. Series 1 consists of 30,800 Pans•
including taxes and maintenance: and bminning with Feb. 1 1916. and Series 2 of 124,300 parts. Series 3 of 60,000 parts and Series 4 of 50.000 parts.
until the expiration of its franchise in 1927. the Chicago Rys. Co. will Series 1. 2 and 3 are entitled, in the order of priority named, to cumulative
provides for
receive 60% of the so-called "residue receipts". The plan routing of a dividends of $8 for each part, beginning with year ending Aug. 11908,and in
cars the distribution of capital to $100 for each said part. Series 4 is entitled
-cent fare throughout the city on surface lines, also througn
5
from one division of the city to another. For "Operating Board," see V.98, to any remaining profits or capital distributed. V. 85, p. 1269.
p.303. V.96. p. 1421: V.97.p. 1023.1114.1357. 1503.1897; V.98. p.303.
Dividends on participation certificates Set.2are limited to $4 on each cerSee details of the ordinance and the agreement for unified operations under tificate so long as more than 50% of Series 0 bonds remain outstanding.
and thereafter to $5 per certificate until the remainder of Series C bonds
date of Dec. 1 1913 in V. 98, p. 1693.
ORGANIZATION.-Incorp. In Illinois in Oct. 1903 and on Jan. 25 1908 have been redeemed. Series 2. however is entitled to unpaid accumulation
the year ending Aug. 1
acquired at foreclosure sale the property of the old Chicago Union Traction, on account of its $8 per certificate (beginning with of all accumulations of
and altar payment
1908).
comprising the lines of the North and West Chicago Street RR. The pur- sinkingbut only when earned, on Series I.
plan of reorganization and readjustment
fund and of dividends
chase was made under a modified V. 85. p. 1269: sea also p. 1576 (V. 95.
Bonds.
-First mtge. bonds are issued only to provide funds for rehabilidated Oct. 15 1907 and outlined in to cover cost.
tation, extensions, &c. They may be redeemed at par and accrued interest
bonds
p. 1402) and Issued 322.554
Suburban RR.Inside the city limits on any interest day. The bonds have a first lien on the entire property,
miles of
I Dec. 1912 purchased 6 $22,554 the
right land franchises of the company. The authorized issue is limited to
bonds to cover cost.
(V. 95, p. 1402) and issued
City Council passed ordinances providing the aggregate of the amounts approved from time to time by the board of
-On Feb.5 1907 the between the city and the street railway supervising engineers. Of the lbonds reported outstanding. $500,000 are
Franchises.
for a settlement of the relations
ranchises granted by the ordinances held by trustees as security against any judgment which possibly could be
companies. V. 84. p. 338, 390. The •Tat the popular election held April 2 recovered in various litigations going on. See full particulars of bonds.
expire Feb. 11 1927 and were approvedordinance was passed expiring Feb. property. &c.. In V.86. p. 515: V.88. p. 1436, 1619: V. 90. p. 302; V.93, T.•
1907. On Oct. 10 1910 supplemental Trac. properties. V. 91. p. 1025.
162. Bonds are listed on the N. V. Stock Exchange.
1927,covering lines of Chicago Consol.

line between
ROAD.-Ovrns 28.017 mUes of track, extending from State Chicago and
East
Illinois and Indiana at 108th St., Chicago, to Whiting. Calumet & South
operates In connection with
Hammond in Indiana, and
18 double-truck
Chicago By. to 63d St. and Madison Ave., n Chicago. cars. Standard
motor cars: 1 single-truck and 11 service Cars; total, 30
-lb. T rail.
gauge:80
-P.. J. L. Matson; Sec. & Treas..
OFFICERS.-Pres.. L. A. Busby; V.
L. Drum & Co..
F. D. Hoffmann; Aud., W. W. Hill; Gen. Mgrs., A.
-V. 79. p. 103.
76 West Monroe St., Chicago.




:33

ELECTRIC RAILWAYS

SEPT., 1914.

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34

ELECTRIC RAILWAYS

The consol. mtge. bonds as of Jan. 1 1914 consist of the following:
Series A, issued, 117,403,800, of which $1,006,000 are in the treasury and
can be issued only for acquisition of additional property; Series B.$17.164,475, and Series 0.11.927,336. Series C bonds have sinking fund of $250,000 per annum. if earned, which began Aug. 1 1908. but cumulative until
paid $1.196.000 Series A bonds have been retired. See particulars,
V.86.P. 1223: V.93. p. 1724. Of the remaining Series B. bonds.$4.000 are
in treasury. Of the remaining Series C bonds. $75,000 are in treasury. $2,072,664 Series C have been retired by sinking fund and cancellation. Bonds
of three series bore int. at 4% until Feb. 1 1912; thereafter. 5%.
Purchase Money Mtge. bonds bear int. at 4% per ann. during first 5 yrs.,
thereafter 5% per ann. They are red, at par and int. on any int. date.
Adjustment Income Mtge. bonds are red, at par and int. on any int.date.
Interest is payable only if earned and is not cumulative. Payments have
been as follows: 4% on May 1 1913 and 4% May 1 1914.
Interest on both purchase-money mortgage and adjustment income
mortgages payable at company's office or at agency of company in Chicago.
-An initial dividend of $4 was paid Nov. 15 1908 on
DIV1DEN D.
Series 1 participation certificates. On Sept. 1 1909 18 was paid on Series 1
certificates. None to Oct. 1912. when 56 was paid. In Feb. 1913. $6:
May,66: July,$6; Aug.,$4. In 1914, Feb..$4; Aug.,$8, being full payment of all arrears. In Feb. 1914 initial dividend of $2 per share was paid
on Series 2, but in Sept. 1914 It was announced that no further payments
on Series "2" would be made during 1914, all cash fluids being required for
corporate purposes. V. 99, p. 673.
-Comprises 489.17 miles of track (including 128 miles of the
ROAD.
former Chicago Consolidated Traction lines), serving the downtown as well
as the entire north and west sides of the city. Over 397 miles of track laid
with grooved rails weighing 129 lbs. to the yard.
-you-enter" cars.
EQUIPMENT.
-Operates 1.696 double-truck "pay-as
-The annual report for year ending Jan. 31 1914 will be found
REPORT.
in V. 98. p. 1389. Passengers carried year ending Jan. 31 1914, revenue.
385.451.459; transfer, 273.456.205; total, 658,907.664.
Income Account for Years ending Jan. 31.
Int., 5% Balance -Of Which to---Gross
Net
Income. Income. on Inv. Divisible. City.55%. Co..45%.
$
191344-- _19.674,715 7,302,911 3.928.580 3.374.331 1.855.882 1.518,449
1912-13.-18.076.777 6,348,275 3,778.449 2.569.826 1.413.404 1,156.422
Income Statement (Non-Partnership Account)for Years ending Jan. 31.
1913.
1914.
1914.
1913.
1.121
Chic. Rys..45%.1,511.449 1,156.422 Miscellaneous _5% on investm't 3.928,579 3.778,449 Sic. fd. res. acct.. 250.000
Misc. interest- 430,213 214.268 Corp.exp.& Eta. 157.297

250.000
120,574

Total deduc_ _4,880.854 4.674.063
Gross income.all
5.877,241 5.149,139
sources
Net
Deduct996.387 475.076
Tot,int. on bds.4.472.436 4,303.489
-Chairman of Board of Directors and Pres., Henry A.Blair
OFFICERS.
Vice-Presidents. Seymour Morris and J. E. Wilkie; Sec., F. L. Hupp;
Treas., M. B. Orde.
-V.97.P.49.364.442,728,802, 1023.1114, 1203, 1357, 1425.
INDEX.
1503. 1897; V. 98. P. 155, 235, 303, 386, 911, 1155, 1389. 1602, 1693;
V. 99, p. 118. 673.
CHICAGO & WEST TOWNS RAILWAY CO.
ORGANIZATION.-Incorp. in Illinois in 1913 as a consolidation of the
County Traction Co.and the Suburban RR.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common,61,000,000 ($100)- ---$1.000,000
6%
Pref (cum), $1.000,000 4101
1,000,000
g
Bonds. $750.000, gold. red 19i5 6 M-S
556,000
1918
c*tf Int. at Harris Tr.& S. Bk., Chicago,Trustee
at 101
-Owns and operates 70 miles of track, serving the suburbs west
ROAD.
of Chicago.
OFFICERS.-Pres., Willard M. McEwen; Sec., Chas. F. Propst; Gen.
Mgr., F. L. Butler. V. 97, p. 443.666.
EVANSTON RAILWAY CO.
ORGANIZATION.-Incorp. Sept. 20 1913 in Illinois to take over the
lines in Evanston. Ill.,formerly owned by the County Traction Co.(now the
Chicago & West Towns By.)
-year franchise.
-The company was granted a new 20
Franchise.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
6500.000
-„,„
Stock. 6500,000 ($100)--1933
161,100
First mtge bonds. gold----c*1 1913
r-A
Redeem at 103 and int__ _ chit. at Merch. Loan & Tr. Co-Chic., Trus.
-Sinking fund of 37, of outstanding bonds from 1917.
Bonds.
-For 6 months and 24 days ending Feb. 28 1914: Gross.
EARNINGS.
$76.572: oper. exp., 647,919; taxes. $3,500: tat. & rentals. $3.781; City
of Evanston's compensation. $6,020; surplus, $15,353.
-The entire system is under re-construction. Length of single
ROAD.
-lb. rail. Gauge 4 ft. 8% in.
track, 9.76 miles. 85
OFFICERS.-Pres., Clement C.Smith, Milwaukee; Vice-Pres., & Gen.
Mgr. Charles F. Speed, Evanston; Sec., George Allison, Milwaukee;
Treas., J. J. Lewis, Evanston.
-A voluntary association similar
CHICAGO ELEVATED RAILWAYS.
page 35).
to Massachusetts Electric Companies (See Map, and Construct Subways.
Proposition to Merge Surface and Elevated Lines
Blair Interests,
On Feb. 13 1913 Attorney William G.Beals.representing theCity Council a
Transportation Committee of the Chicago
presented to the
plan for the merger of the surface and elevated lines and the construction
of subways substantially as outlined in the "Chronicle" of Mar. 1 1913.
page 651. On April 28 1913 the City Council adopted resolutions suspending negotiations. V. 96. P. 1364.
Following the breaking off of negotiations for general merger of surface
necessary
and elevated roads, the company expressed its willingness (when south elerights should be granted by the city) to through-route north and
the Loop for that purpose, and to establish tree transfer
vated trains, using
stations between said trains and trains of Metropolitan and Oak Park companies by Oct. 11913. See V. 96, p. 1364. 1627. On July 28 1913 City
Council passed an ordinance providing for through routing and at midnight
Nov.2 1913 the plan went into effect. On Apr. 27 1914 the City Council
passed a resolution directing the local Transportation Committee to resume
negotiations looking to an operative merger of the elevated and surface
traction lines and for the construction of subways to relieve the congestion
of these lines in the loop district.
As the project for uniting under one control the elevated railway and surface roads of Chicago was not carried out by July 1 1914. the Commonwealth Edison Co. purchased from the synidicate which underwrote the
pref. shares approximately 200,000 shares of Chic. El. corn. stk. for about
$6.000.000 in accordance with the terms of an agreement said to have been
entered into in 1911. It Is understood, however, that the plans for uniting
the elevated and surface lines in Chicago are still under way. As to valuations by city's and company's experts, see V. 94, P. 1507.
As to valuations by city's and company's experts, see V. 94. p. 1507.
-Organized in 1911 to acquire stocks, bonds and
ORGANIZATION.
other securities of the Metropolitan West Side Elev. RR., Northwestern
Elev. RR.and the South Side Elev. RR.($21.202,312 being offered for the
136.294,900 stock of these companies): also, if it so elects, the stocks of the
Union Consol. Elev. RR., Chicago & Oak Park Elev. Ry., Chicago & Oak
Park Elev. RR. and Chicago & Elmhurst By. which companies are controlled by the afore-mentioned companies. These roads operate about
187.51 miles of track. The physical properties were valued at about
190.000,000. exclusive of franchise valuations; the mortgage debt preceding
the notes aggregated $32.372,262, leaving anequity of $57,500,000. See
plan, &c., in V.92. p. 1498, 1435,• V. 93, p 104.
Stockholders of the Metrop. West Side Elev. RR., Northwestern Elev.
RR. and South Side Elev. RR. were given the option of two offers for depositing their stocks; one to receive full cash for their holdings, and the
other to receive part cash and part stock of the Chicago Elev. Rys. See
offers in V. 92, p. 1498. Practically all the stocks have been turned in.a
email remnant of Northw. L pref. being bought in Aug. 1913. V.97,13. 728.
In July 1914 the National City Bank offered the 114,000.000 gold notes
(V.98, p. 1992), the proceeds of which, together with the sale of 16,000.000
10-yr. 6% debentures and $12,500,000 bonds of the Northwestern Elev.
RR. were used to retire the $30.000,000 3-yr. notes which matured July 1
1914.
Transfer Suits.
-On June 25 1912 the city brought six suits in the Municipal Court to enforce the ordinance passed by the City Council May 20 1912.




[VOL. xcix.

approved by the Mayor on May 21 1912 and effective June 4 1912,requiring
the elevated roads to issue transfers. V. 94, p. 1448; V. 95, p. 110. On
Jan. 24 1913 Judge Baldwin in the Circuit Court made permanent the temporary injunction be granted in July 1912. restraining the enforcement of
said ordinance. V.96, p.359. On Nov.2 1913 the companies voluntarily
established free transfers between all the companies in the loop district.
-On June 16 1913 State Attorney
Suit against Controlled Companies.
Hoyne filed quo warranto proceedingra in the State Circuit Court against
the Met. West Side, South Side and Union elevated railroad cos., claiming
that they violated their State charter by issuing watered stock. V. 97,lio•
1772. On Nov. 17 1913 Judge Scanlan in the Circuit Court dismissed the
proceedings because of a technical defect in failing to charge fraud in the
issuance of the alleged "watered stock." An appeal was allowed direct to
the Supreme Court. V.97, p. 1425. On Apr. 24 1914 the Supreme Court
affirmed the decision of Judge Scanlon of the Circuit Court and dismissed
the suit against the elevated roads.
Wage Settlement. A threatened strike was settled April 17 1913 by the
board of arbitrators, some 4,000 men receiving increases of from 2.t6 to
5 cents an hour. V. 96. p. 1156.
Heating of Cars.
-On Nov.4 1913 the Appellate Court held that the city
cannot compel the management to keep its cars heated, the city ordinance
requiring heating of cars not applying to the elevated roads. V.97,p.1363.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
250,000 shs.
Common,250.000 shares- _
160.000 shs. See text.
Q-M
Pref. 160,000 shares,6% cum
614,000,000 July 1 1916
5 g J-J
2-yr gold notes (dosed issue)7 1914
& Say. Bank, Chic., trustee.
($1,000), $14.000.000_ _c* Illinois Trust
7,000,000 July 1 1924
Debentures $7,000,000 4100 1914 6 IC J-J
and $1,000)
c*tf Int. at National City Bank, New York.
Stock.-Com. and pref. shares expressed at par value of $100 each. The
pref. stock is redeemable at $100 and accrued dividends.
Notes are redeemable on any interest date on 30 days' notice at par and
Int. Int, payable in N. Y. or Chicago. They are secured by pledge of
practically the total outstanding amount of the stock of the Northwestern
Elev. Ry.,the Metro. West Side Elev. By. and the South Side Elev. RR.,
having a total par value of 136,251.700.-V. 98, p. 1992. Deb. notes are
red., all or any part, when drawn by lot at par and int. on any int. date
up to and i
July 1ncl. 1919, after that at 102,ii on 4 weeks' notice. V. 99.
p. 195.
Dividends.
-On pref., initial div.-1t6 %-paid Dec. 1 1911. In 1912
and 1913.6%. In 1914. Mar., 13i%;June. 1M %. The September dividend was deferred. V. 99, p. 608. 747.
-Combined earnings of Metrop. West Side, Northwestern
EARNINGS.
and South Side companies for year ending Dec. 31 1913, gross, 68,069,329:
net, after taxes. $3.552.813; other income, $329,495; int., rentals, &c..
$2,751.818; balance for diva.. $1,130,490.
OFFICERS.-Pres.of constituent cog., Britton I. Budd; Sec., Thos. A.
Reynolds; Asst. Sec.,W.V. Griffin; Comp.,Edward A. Brion.
TRUSTEES.
-Henry A.Blair.Frank A. Vanderlip and Sam'i McRoberts.
-Samuel Insull, Ira M. Cobe and
EXECUTIVE COMMITTEE.
Henry A. Blair.
-Samuel Insull, Henry A. Blair, Ira M.
GOVERNING COMMITTEE.
Cobe, F. A. Vanderlip, Samuel McRoberts, Edward W.Harden and Freda
A. Delano.
-V.95. p. 47, 110,749,889, 1607; V.96. p. 359.651.715. 1156,
1296, 1364. 1772; V. 97, p• 728, 1363, 1425; V. 98, p. 1536, 1692, 1919.
1992; V. 99. p. 195. 608,747.
(1) Metropolitan West Side Elev. Ry.-An electric road. (See map.
page 35).
-Organized in Illinois Jan. 16 1899. Successor on
ORGANIZATION.
Feb. 3 1899 (per plan in V. 67. p. 126) to the Railroad Co. sold under foreclosure on Jan. 4 1899. Franchise expires April 7 1942.
interest. Outstand'g. Maturity,&c.
STOCK AND BONDS-- Date.
$7,463,900 See text.
Common, 57.500.000
8.707,900 June'14,134
Q-S
Prof.6% non-c,$9,000,0)00-- ---First mortgage, $10,000,000
c* tf Cent.Trust Co.,N.Y.:and G.Sherman,Tr.
gold
($1,000).
Int. at Cent. Trust Co.. N. Y.and Chicago.
a5,000.000 July 1 1938
1901
Ext mortgage, $5,000,000 Northern4 g J-J
Trust Co., Chicago, Trustee.
($1,000), gold, red at 105
company's office
on any interest day on 4 Interest atTrust Co., New in Chicago, or
Central
York.
c* tf
weeks notice
is held
a 1567.000 included in this amount covers by Chic. Elev. Rys. coll. trust.
a first lien,
The extension mortgage of 1901and the the extension asterminal; the
new down-town
also 68 cars, a 3,500 h. p. engine
rest of the property as a second lien, subject to the
bonds also cover the
110,000.000 first mtge. V. 72, p. 1080; V. 75, p. 29; V. 86.f. 1160.
Has guaranteed $498,000 bonds of Union Consolidated Evated.
-For years ending June 30 1913, 1912 and 1911. Report in
REPORT.
1910 is for year ending Dec. 31.
1911-12.
1912-13.
1910-11.
1910.
56,282.649 55.291.839 56,125,075 57.229,886
Passengers carried
82,814.132 $2.842,447 12,882,717 $2,936,999
Passenger earnings
140,319
134,552
135,610
132,956
Miscellaneous
$2,954,451 $2,976,999 $3,018,327 63,069,945
Gross earnings
1,544,125
1.396,981
1,556,015
1,426,812
Operating expenses
Net earnings
Other income

11.527,639 81.580,017 $1,474,202 $1.513,930
8,531
14,182
8,770
14,279

$1,541,918 $1.594.199 $1,482,739 $1,522,700
Total
Deduct
1 1309.968
6311,579
6317.713
6323,186
Rentals
180,312
196,924
191.129
180,252
Taxes, &c
603,116
616.265
578,351
Interest
576,531
j
523
(
Preferred dividends-- 6%) ,092(4 )370.083 (3)261.237 (3)261.237
Balance
def.$104,331sur.$118,292sur.$145,126sur.$181,494
-First div. on pref. stock, 24%, Feb. 28 1900 (out
DIVIDENDS.
of earnings for year ending Feb. 28 1900); then 2% Aug. 31 1900' I3-'
Feb. 1901; Aug. 31 1901, 2%; Feb. 28 1902. 1%; Aug. 30 1902.114
Feb. 28 1903. 1;4%;in 1907, Mar. 30, 4%;June 29. 4%;Sept. 3)
1
,
n
none to March 1910, when 4% (Q.) was paid; June, 5 %; Sept.: i%
Dec.,., 4%. In 1911, March, 7 June, 4%; Sept.. 4%. In 1 12
1913. March
%.
c
%; D.,
March, 134%; June. 2%;
In 1914. March, 13(5'
134%; June, 13(%; Sept.. U %; Dec..
June, 134%. An initial div. of 3-10 of 1% was paid on corn, stock Dec. 31
1912. In Dec. 1913 1 2-10% was paid.
-From terminal station at 6th Ave. westerly about 64 miles.
ROAD.
with branches; total length of road (inchuding Douglas Park branch and
extension and Garfield Park branch), 191.63 miles. Miles of single track,
owned, 43.79; under contract. 6.53; total operated. 50.3 miles of track,
exclusive of 7.19 miles of side tracks. Right of way is owned in fee.
Equipment Jan. 1 1913 consisted of 225 motor cars. 161 coaches and 101
control-coaches and 18 miscellaneous. Gauge. 4 ft. 814 in.
On March 11 1905 the cars of the Aurora Elgin & Chicago By. began
operating over this company's lines to the 5th Ave. terminal under a traffic
agreement, the Met. West Side, in turn, securing the right to the territory
west of the 52d Ave. terminal on the Garfield Park line as far as the Des
Plaines River, about 3.3 miles of double track. V. 79 p. 1704.
OFFICERS.-Pres., B. I. Budd; Sec. & Treas., W'. V. Griffin; Aud.,
T. B. MacRae; Gen. Mgr., E. 0. Noe. Office, 160 West Jackson Boul..
-V.91, p. 336; V. 92, p. 396. 456, 1436; V. 93. p. 469.
Chicago.
(2) Northwestern Elevated RR. (See map on page 35.)
ORGANIZATION.-Incorp. in Illinois. Road was formally opened
for business on May 31 1900. V. 70, p. 1049. Franchises extend beyond
the maturity of the bonds.
In Sept. 1901 the Union Elevated RR. was acquired. The Chicago Elevated Rys. provided the cash to take up the 818.000.000 Northwestern
Elevated 1st 45 which matured Sept. 1 1911.
M. 5s (V. 93.
On Aug. 21 1911 stockholders authorized $25.000.000 let 1914 $12,500.but in July
p. 527). None of these bonds sold at the time.bankers.
syndicate of
000 were sold (V. 98. p. 1920) to a
-As to suit charging that the $25,000,000 were issued to the Chic.
Suit.
El. Rys. for 820.000.000 and seeking to recover the difference of $5,000,000.
see V. 95, P. 818.
Interest. Outstanding. Maturity.
STOOK AND BONDS- Date.
$4,947,100
Stock, $5,000.000
4.944,400 Mar '12,2%
M-S
Prof stk.5% n-c.$25,000,000
12,500,000 Sept. 1 1941
5 g M-S
1st M 825,000.000 red as al 1911
whole at 102 & int on 30 III. Tr. & Say. Bk., trustee, under mtge.
days' notice ($1..000)_ c*tt Central Tr. Co.. N.Y.,trustee und. sup. M.
80,000 See text.
8%
Equipment notes
tf

35

ELECTRIC RAILWAYS

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36

ELECTRIC RAILWAYS

[VOL. xcax.

Bonds.
-First mortgage bonds assenting to reorganization were stamped
The 1st M. bonds are an absolute first lien, subj. only to the Union Elev
call at 105 and int. on any interest date. The old income bonds,
RR. 1st M. 5s; also by deposit of $528,000 Union El. 5s. The remaining subject to
better$12,500,000 Northwestern bonds may be issued only for cash cost of certain with the exception of 5128.600, are hold in treasury of the railway company.
ROAD.
-Owns a double track elevated railway from Fifth Avenue and
ments, extensions and additions acquired after July 1 1914 under
conditions. Sinking fund of 1% outstanding bonds payable annually Lake Street to 52d St. and Lake St., with spur down Market St. to Madison
St. Trains began running around the loop in Oct. 1897. Chicago &
beginning Sept. 1 1919.
-Equipment notes payable in installments from 1914 to 1918, Harlem forms an extension comprising 4 miles more of double track. Total
Notes.
single track, 22.51 miles.
$16,000 annually.
-For year end. Dec. 31 1913. gross (incl. rental of Union
REPORT.
-For years ending June 30 for Railroad Co.
Latest Earnings.
$3.222,701; net, after rentals,& taxes. $1,235,133; other income,
1912.
1913.
1911.
1910.
Loop.
$67,722; total inc., $1,302.855. June 30: Pass. carried in 1912-13, 44.685,- Passenger earnings
$816,950
$835,505
$812,955
$802,581
-For years ending
REPORT.
45,787
39,916
33,885
37,798
44,577,835 in 1911-12; 44.471,566 in 1910-11.42,815.132 in 1909- Other earnings
582, agst.
10 and 40,955,795 In 1908-09.
$862,737
$875.421
Total earnings
$846,840
$840,379
Dirt- Balance,
Interest,
Other
Net
Gross
June 30.
611.074
633,409
639,234
568.349
Income. Earnings. Income. Taxes,&c. dends. Surplus. Operating expenses
Year$2,580,334 $1,235,616 $606,248 $1,840,991
1912-13
$264.347
Net earnings
$229,328
$207,606
$272,030
2,539,706 1,225,312 637,509 1,745.065 398,888 $1 $8738,867 Other income
1911-12
3,515
4,313
3,367
-An initial div. of 1% was paid on pref. Oct. 18 1909; in 1910.
Dividends.
%; in 1911. Jan.. 1%; April. 1%;
Jan. 1%; April, 1%; July. 1%;
$267,862
Total income
$233,641
$210.973
$272,030
Oct...
thereafter to March 1912. when 2% was paid. None since.
none
444,555
399,956
*506,396
474,187
-Miles of single track: Owned, main line. 38.07 m. and side- Fixed charges
ROAD.
track. 5.72 m.; total owned, 43.79 m. Right of way is all owned in fee
Deficit
8176.693
$166,315
$295,423
$202,157
street crossings.
except at
•Fixed charges in 1910-11 incl. int, on floating debt, which is not now
Under an operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made in 1907. this company's service was extended May 16 being paid.
the Evanston Division of the former road, which
RECEIVER.
-Samuel Insull.-V. 92, p. 1435: V.93 p.407, 666. 939,
1908 to Evanston over
has been electrified. Extension to Wilmette opened April 1912. All track 1386, 1785; V. 94. p. 123. 206. 278, 1763; V.97. p. 175.
oPcr• (incl. loop), 60.43 miles. 348 cars, 80-10. T rails.
OFFICERS.-Pres.. Britton I. Budd; Sec. & Treas., W. V. Griffin; Gen.
UNION CONSOLIDATED ELEVATED RY.
Mgr.. E. C. Noe; And.. T. B. MacRae. V.90, p. 1171. 1240; V.91, p. 791,
OROANIZATION.-Formed in 1896 and built from
866. 1768: V. 92. p. 262. 1436. 1701; V. 93. p. 408. 527. 667, 796. 1018. 5th Ave. welt to Market St.; thence to Metropolitan Union Elevated at
W. S. El.; total.
V. 95, p. 818; V. 98, p. 1920.
1-Smile of track; Is operated by the Metropolitan West Side El. Franchise
expires Oct. 7 1945.
(a) Union Elevated Railroad.
On July 7 1914 Judge Windes in the Circuit Court held that State AttorIs used by all the Chicago elevated roads, and receives 'lc. for each passenger carried, besides all expenses for operating, repairs and taxes. Fran- ney Hoyne should be prevented from proceeding against the company on
the ground of overcapitalization. See item under caption of "Chicago
chise expires in 1945.
Interest. Outstanding. Maturity. Elevated Rys." in V. 97, p. 1425. and also see V. 99, p. 199.
Date.
BONDS$4,472,000 Oct 1 1945
STOCK AND BONDSDate. Interest. Outstanding, Maturity.
lstM .$5.000,000,g(31,000)cpt 1895 5 g A-0
Interest at Chase Nat. Bank,N.Y..and Ill. Trust & Say. Bank,Chicago. Stock
$1,000,000
-Of the $5.000,000 bonds issued. $528,000 are deposited as se- Series "A" let mtge, golda 1896 5 g M-N
Bonds.
453,000 Nov 1 1936
$12,500,000 Northwestern Elev. 5s.
go p &I by Met VV 8,ELcpt
(G.Sherman. V.
curity for the
-P. Cen. Tr. Co., N.Y.,T ms
Mortgage 51.000.000. of which 5500.000 series "A." V. 63. p. 1 065.
-lb. rails)
-The loop is 2.02 miles In length, double-tracked (80
ROAD.
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth Ave.. to Of the $500,000 Series "A" bonds.$453,000 are outstanding (of which $46,Lake St. Road opened Oct. 10 1897. Trains of the Chicago &.0ak Park. 000 held by Chicago Rys. Coll. Trust); $45,000 are in treasury and 52,000
Metropolitan West Side, Northwestern Elevated RR. and South Side unissued.
OFFICERS.-Pres.. Samuel Insult: V.
-P.. Gilbert E. Porter; S ec. and
operate over the loop. Northwestern Elev. also owns .15 mile of double
-V.99, p. 199.
track from connection with loop at Van Buren & State streets to connection Treas., W. V. Griffin.
with South Side El. RR., which is leased to the latter. V. 97, p. 522.
-("Alley Elevated").
-An electric elevated
(3) South Side Elev. RR.
CINCINNATI, OHIO.
road. (See map Page 35.)
-A
ORGANIZATION .-Successor January 1897 to Chicago & South Side
CINCINNATI & COLUMBUS TRACTION CO. trolley road.
R.T.RR.(foreclosed per plan V.63. p. 1153). July 31 1900 the Appellate
Receivership.
-The Union Say. Bank & Trust Co. or Cincinnati, trustee
Court sustained the validity of the foreclosure (V. 71, p. 236). and on Feb. of both mortgages, was on April 12 1913 appointed receiver ofcompany,
21 1902 that decision was concurred in bjt the State Supreme Court. V. 74. floods and inability to meet maturing bond issues being assigned as the
p 477. Franchise expires March 26 1938. Leases the Chicago Junction cause. V.96, p. 1156. Int. on 2d M. bonds is in default.
RIt.. which see below.
ORGANIZATION.-Incorp. Jan. 211903. Franchise, expire in 1930.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
For decision of U.S. Supreme Court handed down on Nov. 111912. hold$10,231,400 June'14.
Q-M
Stock. 310,231.400_OO_
ing that the B. & 0. Southwestern and the Norfolk & Western (steam)
43i g J-J
8,000,000 July 1 1924
First mortgage. $8,000,000.1 1904
esti f Int. at Ill. Tr. & Say. Bank, Chic., Trustee. roads cannot be compelled to grant physical connection with the company,
gold ($1.000)
see V. 95, p. 1402.
-Are subject to call at 105 and interest.
.Bonds.
-First dividend of 1% (out of earnings for four months ending
Dividends.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
$979,500
April 30 1899) was paid May 1 1899; then Sept. 1, 1%; Dec. 30, 1%. In Common,$1.250,000 ($100)925.500
1900, 3%. In 1901, 3%. In 1902 to 1907, inclusive, 4% yearly. In Pf5% cum $1,250.000 ($100).
1905
5 g J-J
600.000 July 1 1913
l
'08. Mar.. it %;none until June '10. when ;i% was paid: Sept.. %%;Dec., First mortgage, 3600.000,
gold
0' Int. at Union Say. Bk.& Tr. Co., Cin.,Trust.
36%. In 1911. March, M %;June, f4 %;July.extra div. of$5.90. (V • 93.
148.000 Jan 1 1914
,
5%
p. 164). In 1912, March, 1 h:%; June, 23%; Sept., 13-%: Dec.. 135%• Second mtge notes, $250,000 ---Int. at Union Say. Bk.& Tr. Co., Cincinnati.
In 1913. Mar., 14i %; June. 134 %; Sept.. 1 Si %. In Dec. rate was in%.
Bonds
.-The denominations of the first mortgage bonds are,respectively,
creased and 1N,% paid. In 1914, Mar., 13%; June,
-For years ending June 30. Passengers carried in 1912-13, 6 $50,000; 30 35.000; 100 31,000; and 100 $500. They can be called at
REPORT.
any time at par. Bonds originally matured July 1 1909 but were extended
47,635,620, against 47,095,489 in 1911-12.
for 2;4 years. V. 89, P. 102. 720. On Jan, 1 1912 they were again exOther Interest, DirtBalance
Net
Gross
June 30.
Income. Earnings. Income. Taxes,&c. dends. Sur. orDef. tended 18 months. Second mtge. notes fell due July 1 1912 but were
Year81,348,496 311.049 $858,160 5575.482 def.$74,098 extended for 18 months to Jan. 1 1914.
$2,470,664
1912-13
EARNINGS.
2,443,587 1,338,018 20,432 840,340 422,020 sur.96,090
-For 12 mos. ending Dec. 31 1912. gross. 3117.598; net.
1911-12
-Owns elevated road in operation in Chicago upon a purchased 543.407. 1911. gross. 5118,337; net. $43,155.
ROAD.
ROAD.
-Operates 54 miles of track between Cincinnati and Hillsboro.
right-of-way from Congress St. to Jackson Park and to Englewood. Electricity was introduced as motive power late in April 1898. Operates 370 put In complete operation in Feb. 1906. Standard gauge. 70-lb. T rail.
motor. 30 trail and 15 misc. cars. On 16.24 miles of structure has a total
OFFICERS.-Pres.,H. H. Hoffman; V.
-P., Lewis Seasongood; 2d -P..
of 36.50 miles of single track main line, incl. 6.22 m. leased. Also has Harry J. Gibson; Sec., William Tonle; Treas., C. J. Goldberg. V. 94.
-V.
10.56 miles of side-track, making total track 47.06 miles.
p. 278: V. 95. p. 1402: V. 96, p. 1156.
OFFICERS.-Pres., Britton I. Budd; Sec. & Treas., W. V. Griffin;
.
E. C. Noe. Office, 1001 Royal Insur.
Aud., T. B. MacRae; Gen. Mgr..
CINCINNATI GEORGETOWN & PORTSMOUTH RR.
-Steam and
Bldg., Chicago.
-V. 88, p. 296, 371, V. 90, p. 304, 367, 373, 978. 1426; electric.
V. 92, p. 264, 320, 597, 1437; V. 93, p. 164. 528.
ORGANIZATION.
-Formerly a narrow-gauge steam road, but now
-(See Map, page 35).
(a) Chicago Junction RR.
operated by both electricity and steam. Under Ohio law remains a steam
ORGANIZATION.
-Organized in the Interest of the South Side Elevated road. Franchises perpetual. In Sept. 1911 entered into a management
build lines to connect that company's track with the Stock Yards. agreement with the Felicity & Bethel RR,and the Ohio River & Columbus
RR. to
Only a nominal amount of stock has been issued (550,000), which is held in RR.(a steam road). V. 93, p. 796. On Jan, 1 1914 however, managetrust for the South Side Elevated in case that company should at any time ment changed and the Ohio River & Columbus was again divorced from the
wish to absorb it. Is leased to the South Side Elevated for 50 years (with other two roads.
Fare Deciston.-On Feb. 17 1914 the Ohio Supreme Court sustained the
right to purchase at cost within 20 years), rental being interest on bonds.
right of this company and the Interurban By. & Terminal Co. to charge
taxes, &c. Franchises are without limit.
to California (Ohio) and Coney Island (Ohio).
10 cents
Date. Interest. Outstanding. Maturity. both nowfrom Cincinnati
STOCK AND BONDSforming part of Cincinnati. V.98. p• 610.
See text.
Stock
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
'
$2,327,000 Mch. 1 1945
1st mtge. 52.327,000. gold 1905 4 g M-S
$1.500,000
41.000), guar p & i____c*fFirstiTrust & Say. Bank. Chicago. Trustee. Stock, $1,500,000
51,000,000, gold 1902 5 g J-J
1,000,000 Jan 1 1932
Bonds.
-Are subject to call at 105 and int. In event or consolidation with 1st mtge,
c* Int.at Union Say, 13k.&Tr.,C1n.,Tr.,6rtriN.Y
($1,000)
this issue of bonds is to be retired. V.80. p.871. Bonds
South Side Elev.,
5 g A-0
Beth 1st M $100,000. gf 1905
100,000 Oct 1 1935
are guar., p.& I., by Chic. June. Rys.& 13n. Stk. Yds.Co.See V.82,p.568. Fel &
callable_ c* Int. at Union Say. Bk. & Tr., Gin., Trustee.
($1,000). not
-Consists of an elevated road (from junction with South Side
ROAD.
-For cal. year 1911. gross. 3185.441; net.334.190. In
EARNINGS.
"L" at 40th Street) to the Stock Yards, and a loop around the same, 3.75 1910. gross, $174.011; net. $24,448.
miles. Was completed in May 1908.
-Operates 49 miles from Cincinnati southeasterly to Russell
ROAD.
-P.
OFFICERS.-Pres.,John A.Spoor; V. & Sec.,H.E.Poronto; Treas., vine. Including branches of 3.5 in. to Batavia and 1.5 in. to Coney Island.
- The Felicity & Bethel has 8.5 in. of track between the points named in its
R. B. Thomson; Asst. Treas. & Sec., J. W.Austin; And., C. C.Chace.
title. The Ohio River & Col. extends from Ripley to Sardinia, 24 miles.
V. 87. p. 346.
OFFICERS.-Pres., & Treas., Henry A. Haigh; V.-Pres..-Thomson; Sec., A. L. C. Henry; Gen. Mgr., A. H. Elfner.-V. 93, p. 229, 796;
-(See map page 35.)
ELEVATED RR.
CHICAGO & OAK PARK
V. 98, p• 610.
Receivership.
-On Nov. 13 1911 Judge Kohlsaat appointed Samuel
Insull receiver for the Railroad. V. 93, p. 1386. On Dec. 29 1911 reCINCINNATI LAURENCEBURG & AURORA ELECTRIC STREET
ceiver was authorized to issue $2,000,000 receiver's certificates for improve- RR.
-A trolley road.
menta. V. 93. p. 1785. In Jan. 1912 Francis V. Dobbins of Rahway.
Receivership.
-On June 23 1913 Judge Warner at Cincinnati appointed
N. J., was appointed receiver for the Railway Co. V. 94. P• 123.
F. B. Shutts of Florida receiver on application of Pres. J. C. Hooven,who,
-Judge Kohlsaat in the U. S. District Court at Chicago, on It Is stated, loaned the company $125,000. The company suffered damage
Foreclosure.
railroad. The amount from the recent flood. V.96. p. 1839.
July 17 1913, ordered the foreclosure sale of the
found to be duets $5,080,984. Up to Sept. 15 1914 road had not been sold.
-Incorporated in Nov. 1898. Franchises expire in
ORGANIZATION.
-On June 20 1912 Geo. II. Church bid in for 3256.000 1924 and 1925.
Sale of Securities.
the following securities formerly owned by the Chic. & Oak Park Elev. Ry
Chic. &
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Elev. RR. 5% inc. bonds; demand notes of 15 1910.
5859,000 Lake St.
Common,$750,000
Oak Park Elev. RR. variously dated from April 23 1904 to June
$750.000
R
Pref,6% cum.$250,000OOOOOO _ _
S101s. .
2 ir
5 Jan
$L9g9 w
e 52VoM. n 0 Lak.6
,
mr a
er
rtize
58,900
gogiiblarin se gp 2,0N First mortgage,$750,000---- I 1899 5 g 0.4
f 1
c
J-J
on
750,000 July 1 1919
3473.000
($1,000). gold
'Interest at Un. Say. Bk. SG Tr. Co., Chi.. Tr•
all title of the By.Co.in the foregoing bond and notes. also some
-40
additional notes of the Railroad Co., and in certificates for 91,651 17 STOCK.-Pref. stock was Issued for money assessed on capital stock.
shares of Chic. & Oak Park Elev. RR. V. 94, je. 1763.
No interest has been paid.
The Chic. & Oak Park Elev. Ry. was incorp. in New Jersey on April 22
EARNINGS.
-For year ending June 30 1914, gross, $109,981; net.
Chicago & Oak Park Elevated Railroad
1904 to hold the securities of the
Co., formerly the old Lake Street Elevated RR., reorganized per plan in $38,482; fixed charges, $43,769; def., $5,287.
ROAD.
-Operates 37.89 miles of track from Anderson's Ferry. at CinNorthwestern Elevated owns 51% of stock.
V.77. p. 1874; V.78. p. 1392.
cinnati, to Aurora. Harrison and Lawrenceburg.
Franchise expires in 1930.
-Receiver, F. B. Shutts; Pres., J. C. Hooven, Hamilton.
OFFICERS.
Date. Interest. Outstanding. 'Maturity. O.; Treas. and Gen. Mgr., C. E. Hooven; Aud., E. M. Gumpf.-V.
STOCK AND BONDS78.
$10,000.000
Stock
4.432,000 July 1 1928 p. 2011,2383; V.96. p. 1839.
1893 5 J-J
Lake St El 1st M $5,000,0001
guar by N W El
tf American Trust & Say. Bank, Chicago, and
CINCINNATI MILFORD & LOVELAND TRACTION CO.
Central Trust of Illinois, Chic., Trustees.
__.
ORGANIZATION.
-Incorporated in Ohio in Sept. 1902 and purchased
128,600
Income mtge. 51,000.000_ _
5%
franchisee and T.ghts of the Cincinnati Milford & Eastern Traotton Co.
189,000
Equipment notes
Str.ke.-Company suffered from a strike lasting from Sept. 1913 to May
7,462
Real estate mtges
1914.2
320,000
Receiver's certfs,$2,000,000-9-




J

SEPT. 1914.

Interest. Outstanding. Alaturity.
STOCK AND BONDS- Date.
51,000.000
Common,$1,000,000 ($100)649.425 No dlr. yet.
Pref,$650,000.5% cum _
441,000 July 1 1926
First mortgage. $500,000. gI 1905 5 g
($500)
c•lint. at Prov.Say.Bk.ds Tr.Co.. Cin.,Trust.
Bonds.
-Are subject to call at any time at 110. See V.81. p. 264.
ROAD.
-Operates 37 miles of track from Cincinnati to Blanchester
Gauga, 5 ft. 2 in.: 70
-lb. rails. Enters Cincinnati over the frocks of the
Cincinnati Traction Co.
OFFICERS.-Pres.,B. H. Kroger; Sec.. J. Nevin Roberta; And., A.0.
Wenzel.
-V.81. v. 264.
-A tralley road.
INTERURBAN RY.& TERMINAL CO.
-Incorporated in Ohio on Nov. 3 1902 and is a conORGANIZATION.
solidation of the Cincinnati & Eastern Electric Ry.,the Rapid Hallway Co.
and the Suburban Traction Co. In July 1907 obtained authority to issue
$1,000,000 pref. stock, of which $900,000 was in exchange for an equal
amount of let mtge. bonds dated 1903. V. 85. p. 221. 489. The 1903
bond issue has been entirely canceled. In 1908 a new mtge. made,as below.
Interest. Outstanding. 11,1alurity
STOCK AND BONDS- Date.
52.500,000
Common 52.500,000 ($100)1,000.000
Prat $1,060.00o (5100) 5% -See text.
1929
5 J-J
First mortgage. $1.650,006.1 Nos Cincinnati Trust Co..Trustee.
tf tint. at
gold
flds.-Of the 51.650.000 1st mtge. bonds,a small portion has been sold:
the remainder is being used as collateral for laws.
-For calendar year 1912. gross.$330,643. In 1911,gross.
EARNINGS.
$329.487. In 1910. gross. $319.173.
-Extends from Cincinnati to New Richmond, 22 miles; from
ROAD.
Cincinnati to Bethel, 23 miles (including 9 miles jointly operated withNew
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. 2% in. Also
owns terminal station on Sycamore St., Cincinnati. Cars enter Cincinnati
-lb. and 97
-lb. T rail.
over the tracks of the Cincinnati Traction Co. 70
-P., Warren Bicknell; Sec.
OFFICERS.-Pres.,Geo. H. Worthington; V.
-V.85,p.221.469; V.80. p• 286; V.96,p. 1331.
Treas.,J. M.Hutton.
and
OHIO TRACTION CO.
-Incorporated In Ohio on May 22 1905 and owns
ORGANIZATION.
practically the entire capital stock of the Cincinnati 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.Co. On July
1905 lease of the Cin. & Hamilton Trac. Co. was assigned to this company
by the Cin. Interurban Co. and the latter company placed in liquidation.
This company also acquired the property of the Traction Building Co.,
which went into liquidation.
Taz Decision.-On Oct. 24 1912 Judge Kinkead in the Court of Common
Pleas held that the company must pay an excise tax upon the earnings
derived from subsidiary companies, although these subsidiary companies
themselves paid the State excise tax. V.95. p. 1473. An appeal has been
taken to the Court of Appeals.
Date.
Interest. Outstanding. Last Die.
STOCK58,655.000 See text.
Q-J
Common,$10 000.000 ($100)ela-F
8,500,000 Aug.'14. 15(
$10.000,a00,5% cum___
Pref.
bg
2,500.000
1936
First mtge, $2,500,000, gold.' 1911
lint. at Fidelity Trust Co., Phila., Trustee.
sinking fund ($1,000)
-Further issues of stock can only be made for acquirement of
Stock.
other properties and additions to the present properties.
-First mtge. covers holdings of stock of the Cincinnati Traction
Bands.
Co. and Cincinnati Car Co. owned and controlled by Ohio Trac. and all
other property and franchises exception Traction cos. ownership of stock in
C.D.& T.Trac. Co.and Cincinnati Zoological Co. Bonds are redeemable
as a whole on and after Mar. 1 1910, or In part for sinking fund on Mar. 1
1912 or any int. date thereafter at 103 and int. Sinking fund provides for
retirement of bonds at maturity. V. 92. p. 726.
-154%--was paid Aug. 1 1905;
-First div. on pref. stock
Dividends.
11.1% has been paid quer. since to and incl. Aug. 1914. On com.,first div.
-1%-paid Nov. 11909. In 1910, Oct., 1%. In 1911, July, 1%•, Oct.,
1%. In 1912, Jan., 1%; April, 1%; July, 1%; Oct.. 1%; Dec.,1%. In
1913_, April, 1%. None since.
-P.. Chas. P. Taft; 2nd
OFFICERS.-Pres., W. Kesley Schoepf; 1st V.
-P. and Sec.. Waiter A. Draper; Asst. Sec.,
-P., Dana Stevens; 3rd V.
V.
Downing;Treas., W.H.Mac Alister; Aud.,H.L.Sanders; Gen.Mgr.,
D.J.
-V.92, p.462,728; V.94. p. 1696; V.95.p.818. 1473; V.96.
T.Fitzgerald.
p.948, 1157. 1365; V.97, p. 50.
(I) The Cincinnati Traction Co.
-Incorporated in Ohio on Feb. 19 1901 with an auth.
ORGANIZATION.
capital stock of $2.000,000 (which, all except 11 shares, is owned by the
Ohio Trac. Co.), to take over under lease the Cincinnati Street By. Co.
See V. 72, p. 391.
-On Dec. 27 1911 Judge Hoffheimer in Superior Court decided
Decision.
that company is accountable to city for 6% of gross earnings from all traffic
within city limits, including the part of it retained by interurban roads.
Interest, Outstanding. Maturity.
Date.
NOTES$80,000 See text.
Eq notes"A '$200.000g(51,000) 1908 6 g A-0
216,000 See text.
Equip notes Ser"B"53(50,000 1910 5 g J-J
c* Int. at Fidelity Trust Co., Phila., Trustee.
gold ($1,000)
Equip notes, Series "0," 1911
154.000 See text.
5 g J-J
• $220,000, gold ($1,000)-c* Fidelity Trust Co., Philadelphia, Trustee.
Equip notes, Series "D," 1912
289,0001 See text.
5 g A-0
$340,000, gold ($1,000)_c* Fidelity Trust Co., Philadelphia, Trustee.
Equip notes Series"E"$200,- 1914
5 g M-S
200,000 See text
000 gold (51,000)
c* Fidelity Tr. Co., Phila., trustee.
Ser."A are 1st M.on 50 new cars. They mature 510,000 every six mos.
from Oct.1 1908 to April 1 1918, incl. Ser. "B" are a 1st M. on 100 new
cars and mature 518,000 every 6 mos.from Jan. 1 1911 to 1920,Incl. V.91,
p. 154. Series "0" notes are 1st mtge. on 60 new cars. They mature
$11,000 half
-yearly from Jan. 1 1912 to July 1 1921. V.
Series
"D"are a let M.on 76 new cars and mature $17,000 half 93. p.528. Apr. 1
-yearly from
1913 to Oct. 1 1922,incl. V.95. p.889. Series"E"covers 60 new doubletruck cars and mature $10.000 semi-annually from Sept. 1 1914 to Mar. 1
1924. V. 98, P. 689, 999.
REPORT.
-For 12 mos.ending Dec.31 1913, gross,$5.164.784; in 1912.
gross.$5,251.399; in 1911. gross.$5.087.149; in 1910.grass,$5,001.510.
ROAD.-The Cincin. St. By. comprises 226.92 miles of track in the city
of Cincinnati. Ohio, extending also to adjoining suburbs. The last cable
line was converted to electricity in June 1902. Gauge,5 ft. 234 in.
OFFICERS.
-Chairman Executive Comm. and Pres., W. KesleY
Schoept Vice-Pros., Dana Stevens; Vice-Pres., Walter A. Draper; Asst.
Sec.. D. J. Downing; Treas.. W. H. MacAlister; Aud., H. L. Sanders:
Gen. Mgr., T. Fitzgerald; Supt. Transp., A. J. Ostendorf: Chief Eng.,
Thos. Elliott; Fur. Agt.. C. Burckmyer.-V. 91. p. 154, 1327; V. 93, p.
526: V. 94. p. 206; V. 95. p. 817, 889: V. 96, p. 1156. 1304, 1488; V. 98.
p.689.999.
-Electric.
(a) Cincinnati Street Railway.
Was leased on Feb. 21 1901 to the Cincinnati Traction Co.for the unexpired term of the franchise granted by the City of Cincinnati on Aug. 13
1896,and all successive renewals and extensions of the same. The rental is
intended to provide dividends of 5q% for the first year, 554% for the second 5fl% for the third and 6% for the fourth year and thereafter. V.72.
p. 136.
.
Franchises. it is claimed by company. mature April 22 1946.
ORGANIZATION.
-Incorporated June 21 1880 and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
Interest. Outstanding. Last dis.ole.
STOCK AND BONDS- Par.
$50
6 Q-J
518.511,950 See text.
Stock. $20,000,000
Dividends.
-To and including April 1901, 5% per annum; July 1 and
,
Oct. 1 1901 and Jan. land April 1 1.902, 1.3125 Z each; July 1 1902, Oct. 1
1902 Jan. 1 1903 and April 11903, 1.375% each; July 1 and Oct. 1 1903
andJan. land April 11004. each 1.4375%; July 1904, I% %; Oct. 1904,
im%. 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., John 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.
-A trolley road.
(2) Cincinnati & Hamilton Traction.
ORGANIZATION.
-This company was organized in Aug. 1902 as a
consolidation of the Mill Creek Valley Street By.and the Hamilton Glendale




37

ELECTRIC RAILWAYS

& Cincinnati Traction. V. 75, tob. 497. On Sept. 30 1902 was leased to the
Cincinnati Interurban Co. (V. '75, P. 906), but on July 6 1905 lease was
assigned to the Ohio Traction Co. and the Cincinnati Interurban Co.Placed
In liquidation. Rental, year beginning Oct. 1 1902-03, $55,000; 1903-04,
$60,500 1904-05, $66.000; 1905-06, $71,500; 1906-07 and 1907-08.
377.000 1908-09 and 1909-10. 582,500; 1910-11. 588.000; 1911-12,
593,500 1912-13 to 1914-15, $99,000; thereafter. 9100,000.
On Ar.27 1914 the company filed a suit in the U.S. Dist. Court to have
d
illegal the ordinance passed by 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.r,. 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 Dir.
Stock, com. $1.100,000 ($100)
51,100,000 Oct.'14,1%
Q-J
Stock, preferred. 51,100,0001 ---1,100,000 Oct.'14.1%
Q-J
(9100 ,) 5%,cumulative_ _ _
Dividends.
-5% per annum is being paid on the pref. stock. The first
div. on the com. o(3% was paid Jan. 1 1904 and 54% was again paid on
April 1,July 1 and Oct. 1 1904. In 1905,1%; in 1906, 154%; in 1907.2%;
in 1908. 2%; in 1909, 254%; in 1910, 2% %; in 1911 and 1912.3%; in
1913. 4%; in 1914, Jan., 1%; Apr., 1%; July, 1%; Oct., 1%.
ROAD.
-Owns and operates 31.32 miles of track from the "Zoo" be Cincinnati to Hamilton and 15 miles from Cincinnati to Lockiand. Gauge,
5 ft. 2% in. Operates over tracks of Cincinnati Traction Co.from "Zoo"
to Fountain Square in Cincinnati.
OFFICERS.-Pres. H. H. Hoffman: V.
-P., B. L. Kilgour; See. &
Treas..A.J.Becht.allof Cincinnati.-V.75,p.290,497,906; V.98,0.1392;
'
V. 99, P. 196.

CLEVELAND, OHIO.
CLEVELAND RAILWAY CO.
Company Resumes Possession.
-The receivers of the Municipal Traction
Co. having been discharged and the debts of that company provided for,
the Cleveland Railway Co. on Mar. 1 1910 resumed possession of its lines
under ordinance (see below) of Dec. 1909. V.90,p.626. The lease to the
Municipal Traction Co. was canceled of record.
New Franchise Ordinance.
-The "security" franchise ordinance granted
April 27 1908 not being ratified (V.87, p. 1089) and the Schmidt ordinance
being defeated at a referendum election Aug. 3 1909 (V.89, p. 348). a new
franchise ordinance (V. 89, p. 1667) was passed in Dec. 1909 by the City
Council, and accepted by the railway co., based upon the valuation of the
co.'s property as fixed by Judge Tayler. The ordinance grants franchises to
operate on existing roads to May 1 1934, subject to the right of the city to
purchase the property. In case the city shall purchase and take over the
property of the company, as is in this ordinance provided, then It shall pay
for the same the capital value of said property, as fixed by Sec. 16. Phis
10% of so much of the capital value as is represented by capital stock,
the city at the time of such purchase assuming and agreeing to Pay
,
in addition thereto, all the obligations, indebtedness and liabiuties
of said company, and all liens other than bonded indebtedness upon its
property then existing, which bonded indebtedness the city shall, at the
time of any such purchase, provide for by assumption if the law authorizing
such purchase permits, or by payment If the law so authorizes at the time
and under the provisions of the bonds they are callable, or by taking the
property subject thereto if that be the mode provided by law for dealing
with such existing bonded indebtedness In making such purchase. On and
after Jan. 1 1918 the city may designate a purchaser or licensee in place of
the city on payment ofsame amount. On Feb.17 1910 at a referendum election the electors ratified the ordinance (V.89. p. 1667; V. 90, D. 167, 502).
On July 10 1911 City Council passed an ordinance amending that of Dec.
1909 providing,among other things,for additions to capital as required and
particularly for the immediate expenditure of 52.500.000 for impts., extens.
and equipt. The ordinance also provided that the right of the city to propose exten., betterrn'ts or impts. shall terminate whenever the unexpired
term or any renewal thereof is less than 15 years, and also that during such
Period the company may operate at the maximum rate of fare and fix the
schedules sublect to the police power of the city. Provision is also made for
the use of surplus earnings during this 15-yr. period,either in the payment of
floating debt or the creation of a s. f. to purchase securities and reduce
capital value. At a referendum election on Nov.7 1911.the electors ratified
the ordinance amending that of Dec. 1909.
Valuation.-Judge Tayler placed the value of the physical property of the
Cleveland Elec. Ry. CO. at $17.511,856 and the franchise value at 53,615.844; total, 521,127.700: agreed value of property purchased from Forest
City By. Co., $1,805,600; total valuation, $22.933,300. To this is added
51.158.300 interest or rental accrued, making the entire "capital value"
$24,091,600. The bonded debt of $8,128,000 and floating indebtedness
as of Jan. 1 1908. $1,288,000, or $9,416,000 in all, is deducted, leaving
514.675,600. The valuation is to be increased for the purpose of fixing the
price at which the city or its nominee may purchase the property by the
amount offuture requirements,including cost of new pay-as
-you-enter cars
and 75% of the cost of remodeling old cars as pay-as
-you-enter cars.
Fares.
-An experimental fare of 3c., with lc. extra for transfers without
rebate, had to be tried to see if it would yield the auth. int, on capital val.5% on bonds,6% on floating debt and capital stock. On June 1 1911 authorities ordered the fare reduced to 3c. cash fare, lc. extra for transfer, but the
latter to be rebated when taken up. V.92, p. 1498: V. 93, p. 1190. Under
the ordinance, fare to East Cleveland Is same as city fare. Fare for other
suburbs 5s. or 11 tickets for 50c., according to contracts. The company's
schedules and routes are subject to the supervision of the city and the
rates of fare to be fixed so as to net a return of interest as stated above
on the capital value of the property and permit of the maintenance at all
times of a so-called interest fund of at least 5500.000. V. 89, p. 1667.
When this amount falls to $300.000 this shall be prima facie evidence
of the necessity of raising the fare to the next higher rate. On Dec. 14
1912 the Council of Cleveland passed an ordinance giving the company
the right to transport freight within the city limits in interurban cars
and to charge the interurban companies 25c. per car mile.
As to decisions of board of arbitrators on June 19 1913 on points in dispute
regarding operation, allowances, &c., see V. 97, P. 364.
On Sept. 1 1914 the one-cent charge for transfers with no rebate on surrender was restored, as the interest fund was below the $300.000 mark,
-cent fare without
which is the minimum amount to maintain the flat 3
charge for transfers. V. 99, p. 608. 342.
ORGANIZATION.
-In 1908 changed name from the Cleveland Elec
tric Railway Co. (which had in 1903 taken over the Cleveland City Ry.)
to Cleveland Railway Co.,and authorized new stock to the amount of $35.000,000. The old stock of Cleveland Electric By. was given a valuation
of $55 per share, or $12,870,000 (the stock having formerly been $23,400,000), which valuation was agreed upon after extended conference, and
which was paid in new stock issued by Cleveland Railway at a par (5100)
valuation. The Forest City By. (which had first absorbed the Low Fare
Ry.) was purchased for $1,805,600 stock of Cleveland Ry.. the shares of the
Forest City By. being accepted at their par ($100) value.
Early in 1912 made a contract with the Cleveland Electric Illuminating
Co. for the purchase of power.
In Feb. 1912 entered into an agreement with the North Randall Ry. to
operate cars over an electric railroad built by that company from the Broadway line on Miles Ave. to the North Ranftli race-track and fair grounds,
354 miles. The road was placed in operation July 29 1912. The North
Randall By. guarantees the company against loss. After payment of all
expenses, including interest, the surplus earnings are to be equally divided
between the two companies.
On Sept. 16 1912 the Ohio P. U.Comm.auth. the issuance of $3.014,920
additional stock for extensions, betterments and improvements, and to pay
part of bonds due Mar. 1913. V. 95, p. 236. 480. On Jan. 20 1913 the
directors authorized, and on Feb. 20 1913 the P. U. Comm. approved a
further 53.617,900 to be issued at par to provide funds to retire bonds whiCh
Matured Mar. 11913. V. 96. p. 789.
On Dec. 27 1913 the directors authorized $2,141,000 more stock at par.
Early in April it was announced that $2,000.000 had been subscribed
for extensions, betterments and impts. V. 98. D. 73, 155: V. 97. rt• 1897.
The Ohio P. U. Conunission on Sept. 15 1914 authorized the
to issue 51,068.500 additional stock to reimburse the company forcompany
expenditures made for improvements, betterments, &c. V.99, la. 674, 747, 815.
In Sept. 1914 (before the new stock was auth.) the stock outstanding
was $23,411,800.
STOCK AND BONDSDate. Interest. Outstanding. Mat
Stock $35,000.000 ($100)
Q-J
523,411,800 Oct.'14, 114
First mortgage $35,000,000 gl 1911 5 M-S
5,495,000 Mch 1 1931
($1,000)
c*HfInterest in New York City or Cleveland.

ELECTRIC RAILWAYS

38

-Of the first mortgage of 1911, $5.000,000 auth. may be issued for
Bonds.
85% of cash cost of extensions, betterments, &c., and remaining bonds for
50% of such cash cost, when net earnings for previous 12 mos. shall have
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.
-For calendar year: V. 98. P. 522.
REPORT.
Other Int., Taxes & Balance,
Net
Gross
Calendar
Deficit.
Earnings. Income. 69' Div.
Earnings.
Year$7.149,789 $1,670,132 $40,977 $2,009,529 $298.419
1913.38935
1.783.134
31.017
1,713,182
6.648.756
1912
new franchise ordinance of bee.
-First div.-1
Dividends.
1909 paid April 1910 and 1)4% quer. since to and incl. Oct. 1914.
-Operates over 260 miles of track. Mostly 82. 95. 103 and
ROAD.
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..
G. L. Radcliffe; Aud., Thos. P. Kilfoyle.-V. 96, p. 62, 201, 284.419.789,
1228; V. 97. p. 364, 1897; V. 98, p. 73, 155, 522. 610, 689, 1315; V. 99, p.
342. 608. 674, 747, 815.
-A trolley road
CLEVELAND SOUTHWESTERN & COLUMBUS RV.
In May 1913, stockholders and Ohio P. U. Comm. approved a plan which
provides for:(1) authorizing $2,000.000 6% cum. pref. stock to be known
-J.
as lat pref., present issue to be $1,500.000; diva. Q. (No. 1,July 11913).
Red. on any div. date, or upon involuntary liquidation, at 110 and diva.,
or in case of merger at 105 and div. (2) The classification of the present
pref. stock as 2d pref.(present pref. to be exchanged for new 2d pref., share
for share, the holders of present stock waiving accumulated diva.) and fixing
the diva, to accumulate thereon at 4% for 1914. 5% for 1915 and 6% for
1916 and thereafter. (3) Authorizing a mtge. to Citizens' Say. & Trust
Co., as trustee, to secure an issue of $25,000,000 5% bonds dated Feb. 1
1913, due Feb. 1 1943, int. F. & A.. and authorize the issue of $5,103.000
bonds thereunder for the payment of certain of the bonded and floating
debt and to retire underlying bonds. See V. 95, p. 1607; V. 96, p. 947.
1296. 1556.
-Incorporated in Ohio on March 4 1907 and is a
ORGANIZATION.
consolidation of the Cleveland & Southwestern Traction Co., the Cleveland
Ashland & Mansfield Traction Co.and the Ohio Central Traction Co. For
terms of exchange see V. 83. P. 1590. Also owns the Norwalk Gas &
Electric Co. In 1907 acquired $505.000 of the $650,000 common stock of
the Mansfield Railway, Light & Power Co., and in Nov. 1912. it is stated.
had negotiations under way for the purchase of additional stock when the
appointment of a receiver for that company was ordered. See below.
In Jan. 1913 the Elyria Grafton & Southern Ry.reduced its capital stock
from $100,000 to $1,000, and the Norwalk Gas & Elec. Co. from $125,000
to $1,250. In March 1913 the Cleveland Southw. & Col. reduced the
authorized amount of common stock from $7.500,000 to $4,236.000.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDS$4,236.000
Common $4.236,000($100)-2,412,000
Prof$2,500,0005% cum ($100) 945,000 April 1 1927
First general consol mortgagei 1907 5 A-0
$10.000.00011.000)gcs&rcptiInt.at Cleveland Tr. Co. Cleve. Trustee.
2ô0.000 May 1 1915
Cleveland & Elyria first mort- 1895 6 M-N
es
co
gage onto18 nlies ($50 Interest at Citizens' Savings & Trust Co..
Cleveland, Trustee,
Subject
100,000 Aug 1 1917
Elyria & Oberlin first mort- 1897 6 F-A
gage on 9 miles ($500) gold Interest at Cleveland Trust Co., Trustee.
cpt
Subject to call
127,000 Mch. 1 1919
Clev Ber Elyr & Oberlin cons 1899 5 g M-S
M 8500,000 g ($1,000 each) Interest at Cleveland Trust Co., Trustee.
Subject to call
cot
-A
1,073,000 Aug. 1 1920
Cleveland Elyria & Western 1900 5 g F
first mortgage $1,500.000 lInt. at Cleve. Tr. Co., Cleve., Trustee, or at
I.
Nat. Bank of Commerce in N Y., May be
($1,000) gold
c&rcpt

01

Elyria Grafton & Southern 1902 5 g J-J
100,000 Jan. 1 1922
By first mortgage guar- Interest at Cleveland Trust Co.. Cleveland.
anteed by C E & W ($100,Trustee, and Equitable Trust Co., N. Y.
Can be called at par.
000($1,000) gold_ --c*cpt
'110.000 April 1 1920
Norwalk Gas & Electric first 1900 6A-0
mtge, $110,000 (
$500), g. Int. at Guablian S. & Tr. Co., Cleveland.
Subject to call__ _ ---c pt
Trustee, or Chase National Bank, N.Y.
$1,400,000 Feb 1 1923
Cleveland & Southwestern 1903 5 g F
-A
first and consol mortgage Int. at Guardian Say. & Tr. Co., Cleveland.
Trustee, or Equitable Trust Co., N. Y.
$3,000,000($1,000)gc&rcpt
150,000 June 1 1919
Ohio C Trac first mortgage 1899 5 g J-D
$150,000
($1,000),goldc*ntf Int. N. Haven Tr. Co., N. Hay. Conn., Tr.
250,000 Mar 1 1923
Ohio Central Traction consol- 1903 5 e M-5
idated mortgage $400,000 Int. at Cleve. Tr. Co.,Cleveland,Trustee,or
at National Bank of Commerce, N. Y.
($500). gold
c*cpt
-Of the $10,000,000 new bonds, $3,510,000 are reserved for prior
Bonds.
liens and $5,545,000 for extensions. improvements, &c. They are subject to call after 10 years at 105 and accrued interest. The Cleveland
& Southwestern bonds of 1903 are subject to call at 105 and int. 61,600,000
of this issue are reserved to retire certain underlying bonds.
Of the Cleveland Berea Elyria & Oberlin 64 dated March 1 1899.$300,000
remain in reserve for the retirement at or before maturity of the divisional
64 to a like amount. Of the $1,500,000 Cleveland Elyria & Western new
54, 6427,000 are reserved to retire prior liens. The Ohio Central Trac. Co.
consol, bonds may be called upon 30 days' notice at 105 and int.; $150,000
of consols. are reserved to retire a like amount of first 55. First mortgage
was originally $200,000 authorized, but $50,000 canceled subsequently.
-For calendar years (V. 98, p. 911):
EARNINGS.
Other Inc. Int. & Taxes. Surplus,
Net.
Gross.
Year$113,918
838,930
$495,848
31.255.313
1913
$116,689
$373.113
$1,175
$488.627
$1.182,155
1912
-.operates 209 miles of track (of which 132 miles are on private
n.
Elyria, Oberlin, Norwalk,
right of way) in and from Cleveland to Berea,
Medina, Wellington, North Amherst, Lorain, Creston, Chippewa Lake,
Seville, Wooster, Linndale, Puritas Springs, Galion, Bucyrus, Mansfield
and Ashland. 60 and 70-lb. rails. Standard gauge. Operates 70 cars.
Also does freight and express business. Company owns Puritas Springs
and Seccaium Park and reaches Chippewa Lake. Also owns and operates
electric-lighting plant in Norwalk.
-P., F. H. Ginn; 28 V .-P..L.J.
OFFICERS.-Pres., F. E. Myers; 1st V.
Wolf; Gen. Mgr., E. F. Schneider; Sec. & Treas., J. 0. Wilson; Audi-V.84, p.569,748.995.
General office, Cleveland.
tor, H.B.Cavanaugh.
1113; V. 85. p. 283; V. 88. p. 294, 504; V. 90. p. 913; V. 92. p. 260; V. 94.
1607; V.96,13. 947, 1296, 1556; V 98. P• 452. 911.
p.982; V.95,p.

[VOL. xclx.

-Owns and operates 9 miles of track in Mansfield and an interROAD.
urban line of 12 miles to Shelby; 60 and 70
-lb. T rail. 24 cars.
-V.78. P.
2442; V. 83, p. 1291; V. 85. p. 284; V.95, p. 1542; V. 96. p. 63.
CLEVELAND PAIN ESVILLE & EASTERN RR.
-Incorporated in Ohio on April 25 1895. Road
ORGANIZATION,&c.
completed in July 1908. Franchises expire from 1920 to 1935. In June
1906 acquired control of the Cloy. Painesv.& Ash. RR. V.82, p.1322, 1379.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock,$3,500.000(par $100)$2,500,000
First mortgage, $500.000, 1896 5 g A-0
500.000 April 1 1916
gold ($1,000 each)_c*_cpt Interest at Morton Trust Co.,. N. Y. or
Cleveland Trust Co., Clev., Trustee.
5 A-0
Consol. mort. (closed) $1,- 1898
1,131,000 Oct 1 1918
631.000 ($1,000), gold_cpt. Int. at Citizens' Say. & Tr. Co., Cleve.,
Trustee, or Trust Co.of America, N.Y.
Ref and extension mtge. $5,- 1908 5 g M-N
846,000 May 1 1948
000,000.gold($1,000)c*cpt, Int. at Clevel Trust Co.,Cleveland,Trustee,
or company s agency in New York
Bonds.-$500.000 consols are reserved to retire underlying liens. It is
provided in new refunding and extension mortgage that remaining consols
cannot be issued. The mtge. was closed at $1,631,000. It was originally
a $2.000,000 mtge., but the balance was canceled. Of the refunding and
extension bonds, $1,631.000 are reserved to retire prior liens, and $2,523000 are reserved for future extensions and improvements,to be issued only
when net earnings for preceding 12 months have been not less than 25%
In excess of interest charges on outstanding bonds Including those to be
issued. Subject to call May 1 1938 or on any interest date thereafter at
par and interest on :30 days notice.
ROAD.
-Owns road from Euclid, Ohio, to Painesville and Fairport.
24.02 miles ("Main Line"). and uses Cleveland Electric Ry. from Euclid
to Public Square, Cleveland, 10 miles; also owns "Shore Line," extending
from Willoughby to Glenville, Ohio, 14.89 miles, and uses the Cleveland
Electric Railway Co.'s track from Glenville to the Public Square,Cleveland,
Smiles. Total track operated (Including 434 miles of double). 4634 miles.
With the Cleve. Palsies-v. & Ashtabula forms a continuous line from Cleveland to Ashtabula. 46 motor cars and 8 other cars. Power-house is at
Painesville. Car-houses at Willoughby, Painesville and Nottingham.
-For years ending Dec. 31: (V. 98, p. 1684.)
REPORT.
Net
Interest
Operating
Gross
Calendar
Balance,
Earnings.
and Taxes. Surplus,
Expenses.
Earnings.
Year152 86
$13 1 7
$216,188
8 4
8209,736
1913
$63,942
$425,924
196,962
205,226
1912
58,175
402.188
-P., H. A. Everett; V.
OFFICERS.-Pres.,E. W. Moore; V.
-P. & Gen.
Mgr., J. Jordan' Treas., E. V. Hale; Sec., Fred. S. Horton; Asst. Sec. and
-V.88. p. 374, 1313, 16115; V. 90,
Treas., John P.'Witt, Cleveland. Ohio.
P.621:V.92.p. 260,391: V.93, p. 1785; V.94. p.692; V.96, p.359.553;
V. 98, p. 522. 1315. 1684.
-A trolley road. En(1) Cleveland Painesville & Ashtabula RR.
tirely over private right of way, except through some of the villages, where
franchises expire in 1927.
ORGANIZATION.
-Incorporated in Ohio in 1902.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock,$1.000.000 (8100)$1,000,000
5 g J-J
First mortgage $1,000,000) 1902
990,000 July 1 1922
gold ($1,000)-_ - _c*_ cpt Int. at Cleveland Trust Co., Cleve.. Trustee.
Bonds.
-$140,000 bonds are in treasury. No sinking fund and bonds
cannot be called. See V. 75, p. 549.
-For years ending Dec. 31:
REPORT.
Gross.
Int. & Taxes. Balance.
Net.
Years..2
e e$ 5 5
ddff 27:2336
$67.912
3
$42,559
$143.106
1913
66.752
145.768
39.516
1912
ROAD.-Operates abt.30 miles track between Painesville and Ashtabula.
Put in full operation on July 30 1904. 70-11). T and girder rail used. Track
standard gauge. Connects at Painesville with the Cleveland Painesville &
Eastern RR. and at Ashtabula with the Pennsylvania & Ohio Ry.-V. 82.
p. 1332, 1379; V.86. p.337; V.88. p. 374; V.92, p.322; V.98, p. 386.
-A trolley road.
CLEVELAND & EASTERN TRACTION CO.
ORGANIZATION.
-Incorporated in Ohio on May 18 1910 to succeed
the Cleveland & Eastern division (V. 90, p. 1613) cf the Eastern Ohio Traction Co. per plan in V.89, p. 1541, 1590.
In 1913 applied to Ohio State Utilities Comm.for permission to issue 854,000 1st M.bonds.$32,400 pref. and $27.000 com,stock for impts.(V.96. p.
1296). bonds to be sold at 80 and to be accompanied by 60% in pref. stock
and 50% in common. Permission was not granted.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common,$600.000($100)6
3 '. 0
481 8 5
$ 65 6 °
Prof. $500.000,5% n-c ($10C).,
764,000 July 1 1932
First mortgage, $1.000,0004 1910 5 g J-J
c*IInt. at Guardian Say.& Tr. Co.,elev.,Trus.
old ($1.000)
-Remaining bonds reserved for extensions, &c. Bonds subject
Bonds,
to call, any or all, on any int. day, at 103 and int.; began to draw int, from
and after Jan. 1 1912. V. 91. p. 336.
EARNINGS -For calendar year 1913. gross, $203,816; net, after taxes.
$75,004; int.. $38,160; surplus. $36,844. In 1912, gross. $195,226; net,
375.629; charges. $47,684 ; surplus. $27.945.
-Operates 40 miles of track from Cleveland to Chardon. Burton
ROAD.
and Middlefield. Ohio. Standard gauge. 60-lb. T rails. Has abandoned
power plant and purchases power from Cleveland Electric Ilium. Co.
-P., Clark Ford; Sec. and
OFFICERS.-Pres.. H. P. McIntosh; V.
Gen. Mgr., Robt. D. Beatty; Treas., C. A. Taylor. Office, 701 Electrie
Bldg., Cleveland. 0.-V.91.13• 154,336.

CLEVELAND YOUNGSTOWN & EASTERN RV. CO.
-Incorporated in Ohio on June 1 1906 On Mar. 1
ORGANIZATION.
1910 acquired the Cleve. & Chagrin Falls By. (incorporated Feb. 18 1910
to take over the Cloy.& Chag. Div.of the East. Ohio Trac.,said Feb.5'10).
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$152.500
Stock,$152,500(8100)------- ---251.900 Jan 1 1930
Cloy & Ch Falls 1st M$300.- 1910 6 g 5-5
000 g MOO & $500) --_c* Int. at Guardian Say.& Tr. Co., Clev.,Trus.
Cie,/ Y & E By mtg 352,000 1910 6 g 5-5
52.000 Jan 1 1915
text___c* Int. at Citizens' Say.& Tr. Co., Cley..Trus.
gold ($1,000) see
Bonds.-Oles. & Chag. Falls bonds ROA. to call any or all on any int,
date at 10214 and int.; $48,100 are in treasury. 0. Y. & E By. bonds
subj. to call, any or all, at par and int. They are 1st M. on line between
Chagrin Falls and Garrettsville and 28 mtge. on line between Cleveland
and Chagrin Falls.
-For calendar year 1913, gross. $115,659; net, after taxes,
EARNINGS.
-A trolley road.
Mansfield Railway. Light & Power Co.
(1)
821,118; int.. $18,234; surplus. $10,954. In 1912, gross, $111,442; net.
In 1907 control passed to the Cloy, Southwestern & Columbus Ry. Co $34.489: charges, $23,706; surplus, 310.783.
-Operates 37 miles of Hue between Cleveland, Chagrin Falls and
ROAD.
-On Nov. 25 1912 Judge Edwin Mansfield of the Common
Receivership.
Pleas Court ordered the dissolution of the company, the appointment of a Garrettsville Standard gauge. 60 and 70-lb. T rail.
OFFICERS.-Pres.,H.P.McIntosh; V.
-P., H.Clark Ford;Sec.& Mar,
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 Robt. D. Beatty; Treas., C. A Taylor.
who objected to further purch. of corn. stock by C. S. W.& C. Ry.and who
LAKE SHORE ELECTRIC RY.-(See Map on page 39.)
alleged that the property was being handled in the interests of that company.
ORGANIZATION.-The Lake Shore Electric Ry. was incorporated on
No d Ws.on pref. stock have been paid since 1907. V.95. p. 1542; V.96,P.63
-Successor in April 1903 to the Citizens' Electric Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & CleveORGANIZATION.
to the Mansfield land By., the Sandusky & Interurban By,. the Sandusky Norwalk & SouthRailway. Light & Power Co., which In turn was successor
Electric Street By. Owns entire street railway and electric-light systems ern Ry. and the Toledo Fremont & Norwalk RR. V. 73. p 784. About
half the road is built on private right-of-way; franchises for the remaining
in the city. City franchise runs till 1925.
Interest. Outstanding. Maturity. held were in 1908 stated to have an average life of 15years. Company has
STOCK AND BONDS- Date.
traffic agreement by which it enters the cities of Cleveland and Toledo
$650,000
Common,$650,000 4100)--- 1907,69' over the tracks of the local street railway systems. In June 1911, through
350,000
Pref.8350.000 4100),6% cum
200,000 April 1 1923 service was inaugurated between Cleveland and Lima via Sandusky and
5
Citizens' first mtge ($400,-) 1901
Fremont, a distance of
llnterest at Cleveland Trust Co., Cleve., Tr. and Detroit. 180 miles.165 miles. Also through service between Cleveland
000) ($500)
742,000 April 1 1918
0
5 g AMans Ry Lt& P gen mtge SI,- 1903
Controls the Lorain Street RR. and the Sandusky Fremont & Southern
Cin., Trustee.
000,000($500& $1,000)-c* Union Say. Bk. & Tr. Co..
By. which see below. in
contract to supply power to the
Light & Toledo Findlay & Fostoria 1907 made other
-Interest on the new bonds of the Mansfield Railway
and several
Bonds.
roads. V. 85, p. 1646.
Cincinnati.
In 1910 charter was amended so as to transform the then existing 5%
Power Co. is payable at Union Savings Bank & Trust Co., old Citiretire the bonds of the
cum. pref. stock of 83,000,000 into 31.000.0006% cum. 1st pref. and $2,$200.000 of the new bonds are reserved to
improvements.
zens' Company and $58,000 for future acquisitions and used for extens. 000,000 5% non-cum. 28 pref. stock; V. 90. p. 698. At the same time
accumulated dividends on the old pref. stock (part of which had been
A reserve fund of $10,000 per annum is maintained, to be
issued later than the rest) were adjusted. V.90. p. 1170. 1296; V.91. p.790.
and impts. Not subject to call. See V. 76, p. 810.
During 1912 a contract was made for the purchase of the entire output
net, after taxes, $57,567;
.-For cal. year 1913, gross, $239,406;
Earnings
is installing near the Fremont
bond int., $47,100; surplus. $10,467. In 1912. gross. $231,179; net, after of theaSandusky River Power Co., which capacity.
plant hydro-electric plant of 4,950 k. w.
taxes. $80.412; bond hit.. $47,100; surplus. 833,312.




On July 27 1912 Ohio Utilities Comm. auth. company to sell $116,000
additional gen. mtge. bonds. V. 95,i. 297. These have been Issued and
are held in treasury.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
34,500,000
Common.$4,500,000 (par $100)---1.000.000 Oct.'14,14
lst pf31,000,000(3100)6% cum
Q-J
2,000.000 No div. yet.
2d pf $2,000,000(3100)5% n-c_
First cons mtge, 34.000,000 11.690,000 Jan 1 1923
($1,000),old
c*tf Int. at Citizens' Say. & Tr. Co., Cleveland.
Trustee. or Trust Co., of America, N.Y.
-A
'2.255.000 Feb 1 1933
General mtge, 37.000,0001 1903 5 g F
(31.000), gold
Cs tf Int. at Citizens' Say. & Tr. Co., Cleveland,
Trustee, or company's agency in N. Y.
750,000 July 1 1927
Lorain & Cleveland 1st. gold 1807 6 g J-J
(31.000).$1,000,000____ tf Interest at Citizens' Say. & Trust Co..
Cleveland, or company's agency in N. Y.
1,500.000an 1 1920
T F & N jet M $1,500,000 g 1900
5g
guar ($500, $1,000) - _c* tf tint. at Union Trust Co., Detroit, Trustee.
Bonds.
-Of the $4,000,000 first consols, $2,250.000 are reserved to retire
prior liens; $60,000 have been canceled; $4,000,000 of the general mortgage
5 per cents are reserved to retire the first consols and $745.000 (of which
3179.000 have been certified by the trustee and are in treasury) for extensions and impts. at 80% of cost. Neither issue is subj. to call. A sinking
fund retiring $10,000 of first consols per annum commenced Jan. 1 1909 and
uns until 1914. From 1920 to 1922, incl., $30,000 bonds per annum are to
be canceled. The L. & C. bonds can be called after July 1 1917 at par and
hit. The T. F. & N. bonds can be called at 110 and hat, on any int. date
upon 90 days' notice. A sinking fund on the T. F.& N. bonds of 310,000
per annum commenced in 1905 and runs to 1909. Incl.: from 1910 to 1914.
$20,000 per ann.; 1915 to 1919.$30.000 Per ann.;$160,000 bonds are held in
sinking fund.
-The T. F. & N. bonds are a first lien on the division betwee
Lien.
Toledo and Norwalk; the L.& C. bonds are a first lien on the road between
Cleveland and Lorain; and the 1st consol. bonds a first lien on all other
lines and also a second mtge. on the divisions noted above.
Dividends.
-Initial div. on 1st pref., 14%. Paid Oct. 1 1910; same
•
amount quarterly since to and including Oct. 1914.
-For years ending Dec. 31 ,not incl. Lorain Street RR. nor
REPORT.
Sandusky Fremont & Southern Ry. See report in V.98, p. 604.
Other
Divs. on
Net (after
Taxes). Income. Interest. 1st Pref. Surplus.
Gross.
Year$1,119.312 3448.707 325.000 3324.696 360.000 $89.011
1913.
25,000
322,701
60,000
89.754
1,052.518
447,455
1912
-Operates 172 miles, extending from Cleveland to Toledo and
ROAD.
Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;
-lb. rails. Through line from Clay. to Toledo was
standard gauge; 70 to 100
addition
about m
the 3andu ky
2 77 milen
4
tsl
rn b
binuigr a,
Aim 261902
e nn
gened
and the Lorain Street RR.
.
add
making a total of 216.77 mile.s. 72 passenger. 5 baggage. 17 work and 41
freight cars. Total. 141.
OFFICERS.-Pres.,E. W.Moore, Cleveland and N. Y.; V.
-P's., H. A.
-P. and Gen. Mgr., F. W. Coen,
Everett and W. H. Price, Cleveland; V.
-V.
91.p.790:V.92.
Sandusky, 0.; Sec. & Treas., Jno.P.Witt,Cleveland.
p.262,457; V.94.p.413; V.95.p.297; V.96,p.360,550; V.98,p.387,604.
-A trolley road.
(1) Lorain Street Railroad Co.
ORGANIZATION.
-Incorporated in Ohio on Aug. 3 1906 and Is a conof the Lorain St. Railway and the Avon Beach & Southern RR.
solidation
Entire stock and $500,000 new consols owned by the Lake Shore Elec. Ry.
Operates on private right-of-way except three miles in Lorain and Elyria,
on which franchises run until 1919.
Interest. Outstanding. Maturity.
STOCK & BONDS- Par. Date.
J0,
$2,
Stock, $2,000,000
an 1 1915
. 1.00 1894
$10
0
6 J-J
200.000
Lor St By, 1st
$200.000------ tf Interest at Guardian Trust Co.. Cleveland, Trustee.
550,000 Nov 1 1949
Lor St Ry con M 3750,- 1,000 1899 5 g M-N
000, g, 31,000_e_tf Interest at Guaranty Trust Co., N. V. Trustee.
500,000 July 1 1936
First consol mtge, $2,- 1.000 1906
5 g J-J
000,000, gold. guar Interest at Citizens' Savings & Trust Co., Clevec5 tf I land. Trustee, or Agency in New York.
Bonds.
-Of the 32,0 0.000 new bonds, 3750.000 are reserved for prior
liens and 3750,000 for extensions, &c. They are guar.. prin. and int., by
endorsement by the Lake Shore Electric Ry.
REPORT.
-For calendar years (V. 98. P. 604):
Interest
Balance,
Net
Expenses and
Gross
Calendar
Sur. or Def.
Earnings.
Paid.
Taxes.
Income.
Year$64,500
sur.$14,231
$78,731
$118,217
1913..
$196,948
64,500
stir. 9.125
73,625
105,624
179,249
1912.
ROAD.
-Operates 24.77 miles of track between Elyria. Lorain and
gauge. 24 cars.
Beach Park. Standard

(2) The Sandusky Fremont & Southern Ry.
-Incorporated in Ohio in April 1906. Is operated
ORGANIZATION.
as part of main line of Lake Shore Electric By. imtween Cleveland and
Toledo. Lake Shore Elec. By. owns entire stock. Private right of way.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
-Owned by the Lake Shore Electric Ry.Stock, $2,000,000
5 g J-J
3645,000 July 1 1936
$2,000,000,{ 1906
First mortgage.
gold ($1,000), guar_c*tf Int. at Citizens Say. & Trust Co., Cleve.,
Trustee, or at Agency In New York.
Bonds.
-Are guaranteed, prin. and int. by endorsement, by the Lake
Shore Elec. By.; not subject to call. See V. 83, P. 1099.
'
REPORT.
-For calendar years (V. 98, p. 604):
Calendar
Gross
Expenses and
Net
Interest
Balance,
YearDeficit.
Income.
Taxes.
Earnings.
Paid.
1913..
375,724
332,500
348,676
$27,048
$5,202
1912..
70.116
44,133
25,983
32,250
6.267
ROAD.
-Operates a line from Sandusky to Fremont, 20 miles. 14 cars.
-V.83, ).94, 1099.
CLINTON, IOWA.

CLINTON STREET RY.-Operates 184 m. of track in city of Clinton.
Main line franchise perpetual- others limited to 25 years from Mar. 1913.
72 to 80-1b.T rail. Stock $1.000,000($10(J),of which 3599.800 Is outstanding. Funded debt consists of 3400.000 ($1,000) auth. and out. 5% 1st M.
bonds (c&r), dated 1906. due Mar. 311926, int. A.& O. at Ill. Tr. & Say.
Bank,Chicago, Trustee. Subject to call at 105. Earnings for 1913. gross.
$164,814; net. $72,880. In 1912. gross, $152,500; net, $67,840.
OFFICERS.-Pres., 0. H. Young; V.
-P., R. C. Langan; Sec., A. L.
Schuyler; Treas., C. C. Coen; Gen. Mgr., Bernard Bohnsen.

COFFEYVILLE, KAN.
THE UNION TRACTION CO.
ORGANIZATION.
-Incorporated Sept. 28 1906 in Kansas. Franchises
expire 1957. Road is on private right of way except in Coffeyville. Independence, Cherryvale and Parsons.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock,$500,000
$500,000 See text.
First mtge, $1,000,000. gold 1907 5 J-J
983,000 Jan 1 1937
41,000), sinking fund__ tf Warren (Pa.) Trust Co.. Trustee.
Second mortgage
t 1911 6%
100.000 Oct 1 1921
Bonds.-Ist M.bonds are red. ann. by lot at 105 and hit.. beginning Jan.
1912,through s. f.: $17,000 have been retired. S. f. of 10% of net earnings
annually began in 1911. Int. at Nat. City Bk., N. Y.; Commercial Nat.
Bank, Chic., and Tradesmen's Nat. Bank,Phila. See V.88. p. 1003.
Dividends.
-8% is being paid on the stock.
ROAD.
-Operates 67 miles of road, of which 94 m. in Coffeyville. 7
miles in Independence and 504 miles of interurban road between Coffeyville, Independence ,Cherryvale and Parsons. 70
-lb. T rails.
OFFICERS.-Pree.. D. H. Biggins, Warren, Pa.; Sec.. H. A. &Mins:
Treas., Sam. Q. Smith.
-V. 90, p. 1172; V. 91. p. 590; V. 92, p. 120:
V. 93, p. 591. 1727; V. 95, p. 49, 1474: V. 97, p. 1428.

COLORADO SPRINGS, COL.
COLORADO SPRINGS & INTERURBAN RY.
-Incorporated in Aug. 1902 as a consolidation of the
ORGANIZATION.
Colorado Springs Rapid Transit By. and the Colorado Springs & Suburban
By. The consolidated company has Issued $1,500,000 stock, of which




39

ELECTRIC RAILWAYS

SEPT.. 1914.]

3500.000 pref. Bonds($1,000.5, M.
-S., due Sept. 1932, Central Trust Co..
N. Y.,trustee) auth.,$1.500,000: issued. $1,000,000; 3500.000 reserved for
underi fug bonds. Other information refused-"Is a close corporation and
has ne ther stocks nor bonds on the market." Facts below relate solely to the
old Colorado Springs Rapid Transit Ry.
Colorado Springs Rapid Transit Ry.
STOCK & BONDS- Miles. Date.
Interest. Outstanding. Maturity.
Stock (par $100)-3500.000 f.p
1st M,$1,000 each___cpt 734 1890 6 A-0
338.000 See text.
Consol M. 31,000 each.g7
162.000 Apr 1 1921
6 g A-0
1891
for 3500,000, gold_cpt
Central Trust Co.. New York. Trustee.
en
Interest is payable at hemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of 3250,000 of
the bonds; $338,000 reserved for 1st mtge. First mtge. bonds matured in
1910 but were not retired, and are held presumably by friends of the co.
ROAD.
-Owns 38 miles of track.
OFFICERS.-Pres., D. H. Rice; V.
-P., W.Lennox; Sec.. Wm. Lloyd;
Treas., C. S. Chamberlin.
-V. 70. p. 75.
328.

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 from Columbia
Electric Street By., Light & Power to the above on May 15 1911. V. 92.
p. 1374. Is a consolidation on July 1 1905 of the Columbia Electric St. By.,
Lt. & 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 Ry. 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.
as franchises granted by State and city franchises covering
all departments are without limit of time.
In June 1912 acquired Parr Shoals Power Co.(stock 32.000,000 com., 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. C.. 274 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)32.000.000
. % cum.
831.600 Oct '14.14
($100)
•.
First mortgage. 37,500,000. 1911
5 J-J
2.703,000 July I 1936
gold ($1.000)
c*tf Int, at co.'s office or at its agency in N. Y.
Columbia Trust Co.. N. Y 'Trustee.
Parr Shoals P pfd stk $300.00 _
300.000
Parr Shoals P 1st mtge, 331 1412
.
5 g A'
2
3.000,000 Apr 1 1952
0
000,000 ($1,000), gold c* tf Colum
Trustee.
Trust Co.,Truse.
Col Canal Co mtg, $200,000 tf _ _
6%
200,000 See text.
Bonds.
-Of the outstanding first mtge bonds of 1911. 360.000 are deposited to guar. Int. on Canal Co.6s. Of unissued bonds.$200,000 are reserved
to retire Canal Co. bonds and 34,597,000 for improvements, additions, acquisitions, &c., under certain restrictions. Bonds are subject to call on any
int. date at 105 arid int. Since July 1 1912 an amount equal to 1% of bonds
out must be expended for impts., &c., against which no bonds may thereafter be issued, and beginning Dec. 15 1915 a further 1% for retirement of
bonds. See V. 93. p. 229. Columbia Canal Co. bonds mature $100.000
Jan. 1 1918 and 3100,000 Jan. 1 1919. Parr Shoals Power bonds are guar.,
by end., by the Columbia By., Gas & Elec. Co. Sinking fund of
of 1%
&. semi-annually of bonds out from 1918 to Jan. 1 1952. inclusive.
ey are subject to call at 105 and int. on 60 days' notice. Int. payable in
New York.
Dividends.
-First div. on pref.-3%-paid July 11906; Jan. 1907. a r
Subsequent divs. pass (an surplus being put into property) until J
3ed
1911. when 14% was paid; same amount quer. since to and Incl. Oct. 1914.
-For cal. year 1913,gross,$721,594; net,after taxes,$333.547; int., $133.851: surplus. $199,695. In 1912, gross, $601,991; net,
EARNINGS.
after taxes, $300,977; int. charges, 3132.506; surplus, $168.471.
ROAD.
-Operates 23.16 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.
974: V.84. p. 931; V. 92p. 1108. 1374; V. 93, p. 229; V. 94. p. 206; V. 95,
P. 1122; V. 96, p. 1020; V. 97, p. 1024; V. 98, p. 155, 1070, 1844.

%

COLUMBUS, GA.
COLUMBUS ELECTRIC CO.
ORGANIZATION.
-Incorporated in Maine on Feb.6 1903 and owns all
the securities of the Gas Light Co. of Columbus: the entire common stock
and $121,300 of the pref. stack (out of 6350,000) of the Columbus Power
Co., and all the stock and $370,000 of the 1st M. bonds (out of $423,000
of the Columbus Railroad Co.; also $1,184,685 notes of these companies,
which do the entire street railway and lighting, gas and power business of
Columbus and the adjoining towns of Phoenix and Girard. Franchises perpetual. The freight lines are leased to the Seaboard Air Line Ry. for 50
years from Oct. 17 1901 at a rental of $7,500 per annum. $100,000 pref.
stock is held by the Public Service Investment Co.
Interest. Outstanding. Maturity;
STOCK AND BONDS- Date.
$1,500,000
Corn. 31.500.000(3100)1.200,000 July'14,3%
Pref, 6% cum after Jan 11 ____
J-J
1915,$1,200,000(3100).-.!
1st con M, 31,500,000, gold( 1903 5 g A-0
758,000 April 1 1933
c*n tf lInt. at Old Colony Tr. Co., Boston. Trustee.
(31 000)
1,750,000 July 1 1917
3-yr notes $2,000.000 goldj 1914 6 g J-J
($100,$500&$ , )-- -c Int. at Commonwealth Tr. Co.,Bost., trust.
53,000 Oct 1 1937
Columbus RR 1st mortgage_ 1898
5 A-0
$450,000 old ($1.0001- tf Int. at West End Trust Co.. Phila., Trustee
Notes payab e June 30 1914_
Bonds.
-The $1,500.000 new bonds of the Columbus Elec. Co.are subject
to call as a whole at 105 & int. $80,000 are reserved to retire a like amount
of Columbus RR. bonds. The remaining 3370.000 Columbus RR. 1st M.
bonds are owned by the Columbus Elec. Co. An "improvement fund" of
2% per annum of outstanding bonds commenced in 1905. The 3-yr. notes
are callable as a whole on any int. day on 60 days' notice at 101 and int.
V. 99, p. 119.
Dividends.-First div. on pref. stock, 3%, was paid Jan. 1907; 3% has
been paid semi-annually since to and including July 1914.
ROAD.
-Operates 25.0 miles of track, of which 5 miles leased to Seaboard Air Line for 50 yrs. 54 cars; 2 steam locomotives (leased to S. A. L.
Ry.). Standard gauge. Controls hydro-electric developments with a
present capacity of 19,500 h.p. and an ultimate capacity of 85,000 h.p.
EARNINGS.
-For 12 months end. June 30 1914. gross, 3646,505; net,
after taxes, $372,414: interest, $259.292; sink and impt. funds. 340,145;
balance. 372,977.
OFFICERS.-Pres., Charles F. Wallace; V.
-P., Harry H. Hunt: Sec..
Alvah K. Todd; Treas., Henry B. Sawyer; Gen. Mgrs.. Stone & Webster
Mgt. Assn., Boston.
-V.82. p. 509; V.83. p. 1590; V.93,P• 163; V.99. P
.
119.
(1) Columbus Power Co.
ORGANIZATION.
-Is a consolidation in March 1906 of the Columbus
Power Co.,the Coweta Power Co.and the Chattahoochee Falls Co. Entire
corn. stock and °art of the pref. is owned by the Columbus Electric Co.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,31,500,000 (3100)__
$1,500.000
Pref, 31.500.000 (3100), 6%
non.cum,ref at 105
350,000
let mtge, $4,000,000, gold. 1906
5 g A-0
2.429,000 Apr 1 1936.
guar (see text)
c tf Int. at Commonw.Tr.Co.. Boston.Trustee
Bonds.
-Of the 34.000,000 authorized,31,500.000 are reserved for future
purposes. A sinking fund of 1% of bonds out began Apr. 1 1912. $71,000
purchased for sk. fd. and canceled. Bonds subj. to call as a whole (or in
part for sk. fd.) at 110 and int. on any int. date. Bonds are guar. p. &
and s. f. by Columbus Electric Co.
PLANT.
-Controls by ownership or lease developed water power on
Chattahonchee River aggregating 7.500 h. p. Also owns steam plantof
3,000 h. p. in City of Columbus. Proposes to have an ultimate hydraulto
development of 75.00015. p.
-V.82,p. 512.

ELECTRIC RAILWAYS

40
COLUMBUS, IND.

[VOL. xclx.

Date.
Interest.Outstanding. Dividends.
STOCK55,000.0001
Stock, $5,000,000 ($100)
----Quar. 140% paid in.f See text
Dividends.
-First div. on Columbus Ry. & Light stock, 17 was paid
0
.
Jan. 15 1906 and 1% was again paid July 16 1906; in 1907, Jan. 1, 1%;
July 15, 1%• andalso X % Oct. 1907. In 1908. 2%; in 1909, 2%,
1910. Jan., %; April. (%; July. %; none since to May 1914, when
X% was pa ; Aug. 1914, X% See V. 98, p. 1459.
OFFICERS.-Pree..Samuel G. McMeen;1st V.-P ,Gen. Mgr.& Treas.;
E. K. Stewart; 2d V.
-P., 0. M.Clark; Sec. and Auditor, P.V.
Asst. Sec. and Asst. Aud., Herbert M. Burington.-V. 91, p.Burington;
870, 1095.
1766; V. 92, p. 260; V. 93, p. 345; V. 94.,p.278. 1249: V. 95, p. 297. 419.
V.96. p. 359, 652, 1700; V. 97,p. 802,9 0, 1732; V. 98. p. 155.
(a) Columbus Light. Heat & Power Co.
Lease.
-Leased to Columbus Railway & Light Co.for 50 years from 1908,
with renewal privileges. Lease provides for 6% on outstanding bonclsand
preferred stock of company, and dividends on common beginning In 1909
at 3%,19104%. 1911 and thereafter 5%, payable quar. V.87. p. 547.
This company is operated under an agreement with the Columbus Railway.
Power & Light Co.(V. 96. p. 1839; V. 97. p. 1425, 1662).
ORGANIZATION.
-Incorporated Aug. 1 1908 in Ohio, and acquired
the property of Columbus Public Service Co. per plan in V.87. p. 346. 547.
STOCK AND BONDS- Date.
Interest. Outstanding. Matunty
Common,$750,000($100)$210,500
See text
Pref 6%. $1,250,000 ($100)516.300
See text
Gen mtge, $1,000.000 ($100.) 1908 6 F-A
690.000 Feb 1 1924
Say. Bk.& Tr. Co.,Columbus, Trustee
$500 and $1.000). gold
(State
Stock and Bonds.
-The preferred stock is redeemable since Jan. 1 1912.
Interest on gen. mtge. bonds is guar. by the Columbus By. & Lt. Co.;
$750,000 bonds are to be used to take up like amount of Col. Public Service
Co. bonds, the greater part having already been exchanged. 5250,000 are
reserved for improvements and extensions.
-V. 87. p. 346. 54. 1481;
V. 98. p. 239.
-A trolley road.
COLUMBUS RAILWAY, POWER & LIGHT CO.
-Pr.. E. W. Swisher; Sec. &
OFFICERS.-Pres., Chas. L. Kurtz; V.
-Late in 1913 the plan of Treas., W.H.Sharp..
REORGANIZATION AND MERGER.
reorganization (V. 96. p. 1839) which had been under consideration for
OHIO ELECTRIC RAILWAY CO.
operative, with modifications, as follows: The
some time, was declared
ORGANIZATION.-Incorp. May 16 1907 in Ohio. On Aug. 31 1907
Columbus Railway, Power & Light Co., formerly the Columbus Traction
Co., took over the Columbus Railway Co. (stockholders sold property purchased the Lima & Toledo Traction Co.,which owned the linefrom Lima
Jan. 9 1914, see V. 98. p. 235), and Columbus Edison Co. (sold Jan. 13 to Toledo, and leased the Lima Elec. By. & Lt. Co. (this co. being pur1914, V.98,p. 235). exchanging its stock as shown in V.96, p. 1839. The chased on Dec. 31 1909). which operates in the city of Lima, and the Ft.
leases, contracts, &c. of these companies formerly held by the Columbus Wayne Van Wert & Lima Trac., with a line from Lima,0., to Ft. Wayne,
'
Ry.& Light Co.(see below) were transferred to the Columbus By.. Power Ind. Also acquired by lease the Indiana Col. & East. Trac. which comBy, and
& Light Co. The Columbus Light, Heat & Power Co. was to have been pany assigned to it the leases of Col. Newark & Zanesville Elec.
merged also, but not enough stockholders of the Light, Heat & Power Dayton & Western Trac. On Feb. 1 1908 purchased the Chic. Northern
Co. would sanction the merger. The plan was then modified (see V. 97. Trac. (subsequently dissolved) and acquired from that company its lease
p. 1425. 1662) and the Columbus Railway & Light Co. was kept alive of Chic. Day. & Toledo Traction.
Including city lines in Zanesville, Newark. Lima, Hamilton and other
to retain the lease of the Light, Heat & Power Co., the Columbus Railway, Power & Light Co. controlling it under an operating agreement. points, operating mileage is 613.45 miles, extending from Zanesville on
the east via Newark to Columous (including line from Columbus to Orient
96, p. 1839; V. 97, p. 950, 1425, 1662, 1732, 1897.
V.
On Feb. 1 1914 the Columbus By., Power & Light Co. took title to the and Buckeye Lake and Newark to Granville branches), thence .hrough
several leased properties, excepting only the Columbus Lt., Ht.& Pow.Co. Springfield to Dayton,and from Dayton to Union City, where connection is
made with Indiana Union Trac. for Muncie, Anderson and Indianapolis,
-Incorporated in Ohio on Dec. 26 1906 and is
ORGANIZATION.
Ind., and from Dayton to Richmond. Ind., where connection is made with
cessor to the Central Market Street By.. sold under creditor's bill in Feb- T. H. I. & E. Trac. to Indianapolis. Extending north from Springfield
ruary 1906. subject to the $500,000 bonds. Successor company at first through Urbana and Bellefontaine to Lima, and from Lima to Defiance; to
known as the Columbus Traction Co.. but in 1913 name changed to present Toledo,0..and Ft. Wayne,Ind.; also from Dayton to Cincinnati,including
title as part of the plan for merging all the various properties as noted. Germantown, Mt. Healthy and College Hill branches. Electric light and
-cent power business is conducted in cities of Zanesville, Lima and West AlexFranchise provides that tickets shall be sold 8 for 25 cents and that a 5
cash transfer be issued to all lines entering or using the Columbus London andria and steam-heating plant in Llma.
& Springfield Ry. Co. Interurban loop.
In May 1913 was granted authority to issue $3,500,000 2d mtge. bonds,
-At an adjourned meeting July 30 1914 the share- provided $5,000,000 of outstanding stock was retired. This was accordNew Securities, &c.
holders by a majority of over three-fourths approved a plan authorizing: ingly done. V. 96, p. 1365. 1840; V. 97. p. 299.
(1) an issue of $3,145.000 prior pref. stock issuable only for voluntary
STOCK AND BONDSDate. Interest. Outstanding, Dividend.
exchange, $ for S. for the $3,145,000 1st consol. 45 of the Col. Ry.;(2) in- Common, $8.000,000 ($100)58.000,000
crease of Series "A" pref. stock from $1,143,500 to $1,593,500 to provide
referred,$6,000.0005% non ,
for voluntary exchange of $450,000 1st 6s of Col. Electric Co. and (3) an
cum ($100)
3.000.000 See text.
Issue of $25,000,000 1st & ref. mtge. 5% bonds. (V. 99. p. 406, 48; V. let & ref. mtge. $15,000,000 1910 5 g J-J
4.200.000 Jan 1 1930
98. p. 1766).
gold ($1,000)
c* Int. at Fidelity Trust Co. Phila., Trustee.
gen mtge $5,000,000, 1913 5 g J-D
'
Interest. Outstanding. Maturity. 2nd & ($100)($500)($1,000) Int. at Fidelity Trust2,008,200 June 1 1943
STOCK AND BONDS- Date.
gold
Co., Phila.Trustee.
Common. 56,340.000
$6,340,000 Aug '14, IX, Equip notes Series"A" 160,- 1910 5 g J-J
96,000 'See text.
See text
Prior pref stock $3,145,000__- ---4%
(100 gold ($1,000)
c5
Fidelity
"A" pref, $1.593,500
1,143.500 Oct '14. 1X Equip notes Series "B"$130,- Int. at 5 g J-3 Trust Co., Phila., Trustee.
1911
91,000 See text.
"B" pref, $4.066.500
4.066.500 Aug'14. 1
000 gold (51.000)
c* Int. at Fidelity Trust Co., Phila., Trustee.
First & ref mtge 525,000,000_ _ 1914 5%
(7)
(7)
Equip notes Series "0"$120,- 1912 5 g -D
96,000 See text.
5 g J-J
409,000 Jan 1 1922
Cent Mar 1st mtge.S500.000. 1902
0 gold (51.000)c*
c*_ntffInterest at N.Y.Trust Co., N. Y. Trustee. Equip notes Series 'D"$100,-fInt. at Fidelity Trust Co.. Phila.. Trustee.
gold ($1.000)
1914 5 g M-S
95,000 See text.
5 KJ-J
3,000.000 July 1 1932
Col St By 1st. $3,000.000. 1892
)Int. at Fidelity Trust Co., Phila., Trustee.
000 gold ($1.000)
c*-ntf Interest at E. W.Clark & Co.,Philadelphia.
gold
Stock.
-Preferred is red. at 105 on 30 days' notice.
Col. Trust Co., N. Y., Trustee.
Bonds.
572,000 June 1 1933
Crosstown 1st mtge. golda 1893 5 g J-D
-53.250,000 1st & ref. bonds are reserved to retire prior liens
c*_ntfjCol. Trust Co., N. Y., Trustee.
gll,prin St hit
($1,250,000 bonds of Lima El. By. & Lt. Co. and $2,000,000 bonds of
4 Q-J
3,145,000 Oct 1 1939 Ft. Wayne Van Wert & Lima Trac. Co.) and $7,550,000 for additions,
Col By 1st consol mtge. $7,- 1899
000.000($1,000), g. c*.ntf Interest at Union Savings Bank & Trust Co. betterments, &c. Entire Issue is subj. to call on or after Jan. 1 1915 on
of Cincinnati. Trustee, at E. W. Clark & any int. day at 105 and int. on 60 days' notice. No sinking fund. The
Bonds are redeemable after
Co., Philadelphia, or at company's office. 2nd & gen. mtge.issue is subj. to call on any Mt. date for payment in cash
Oct 1 1914 at 105 and int.
450,000 Nov 1 1922 or for substitution of 1st & ref. mtge. bonds of 1910 exchangeable at par
6 g M-N
Col Elec 1st mtge, g,guar_tf_ -_-300,000 April 1 1929 on 8 weeks' notice. Bonds to be delivered for purposes of impts., as ap5 g A-0
Col Ed El 1st mtge,g, gu_ntf ____
proved by Public Service Commission of Ohio or other governmental
-Cent. Mar. 1st mtge. sinking fund of 5% of gross receipts began authority. No sk. fd. Mortgage covers all properties and leasehold
Bonds.
after 5 years. Entire issue Is subject to call after 5 years at 110 and interest. estate. subj. to underlying lien. Series "A" equip. notes mature $8,000
$75,000 have been retired.
semi-ann. commencing Jan. 1 1911. Series "B" equip, notes are 1st
The Crosstown Street Ry. first mortgage. Is for $2,000,000, of which mtge.on 26 cars. They mature semi-ann.($7,000 Jan. 1 and $6,000 July 1)
$572,000 are outstanding; the rest have been canceled. Prin, and int. from Jan. 1 1912 to July 11921. Incl. All issues of equip. notes are guar.,
of the Crosstown bonds were guar. by the old Columbus St. By. Co.
p. & I., by end. of Ohio Elec. By. Series "0" equip. notes are 1st mtge.
Of the $7,000,000 mtge. of 1899 of the Columbus By., $1,500,000 were on 43 cars and mature $6,000 semi-ann. beginning Dec. 11912. Series"D"
Issued in payment for the Columbus Cent. By. property; $3,000,000 will equip. notes mature $5,000 semi-annually beginning Sept. 1 1914.
be held in trust to retire the Columbus St. By. bonds,$572,000 to retire the
EARNINGS.
-For cal. year 1913, gross from railway. $3.507,255; light
Crosstown mtge. bonds and $300,000 to take up unsecured 4% notes of the
miscellaneous. $15,912; total gross, 53.827,946. In
Columbus St. Ry.;$1,628,000 was reserved to be used hereafter frcniltime to and power. $304.779;
s
1912, gross from railway $3,425,682; light and power, $280,901;misc.,
time in making extensions. improvements and additions
-$628,000 upon
a 2-3 vote of directors, the other $1,000,000 only on a vote of stockholders. $33.123: total gross, $3,79.706. Schoepf; V.-P Dana
OFFICERS.-Pres., W. Kesley
Stevens; V.
-P..
This covers the whole 57,000.000. In the table above we report as outstandW. A. Draper; Sec. and Treas., F. A. Healy:den. Mgr.. A. Benham,
ing $3,145.000. This includes $1,500,000 issued in payment for the Colum- Gen. offices, Interurban Bldg., Springfield, Ohio. V. 86, p. 338; V. 87.
bus Central By., $300.000 issued under the clause providing for the retire,,
ment of 4% notes and $1,628,000 under the clauses concerning improve- p.38; V. 90, p. 698, 850; V. 92, p. 323. 1500; V. 93, p. 230, l 534; V. 94. p.
1627; V.95,p.237; V.96, p. 1365, 1557, 1840; V.9,p. 299; V.98. p. 690.
ments. $283,000 canceled.
Dividends.
-An initial div. of 1 % was paid on the Series"A"pref. stock
(1) Columbus Interurban Terminal Co.
April 11914; July. 1X %; Oct., 13%. On Series "B" initial div. of 15%
Entire stock owned by Ohio Elec. Ry., which guar. bonds.
paid in may 1914; Aug., 1j%. On common initial div. of 1% was
ORGANIZATION.-Incorp. In Ohio on May 24 1910. Owns and
paid in May 1914; Aug., 1;(%.
operates since Jan. 1 1912 passenger and freight terminal stations in Columb.
EARNINGS.
-For 6 mos. end. June 30 1914 (incl. Col. Lt., Ht. & Pow.
STOCK AND BONDSDate. Interest. Outstanding. Maturity.
Co. and Col. By. & Lt. Co.), gross, $1,521,742; net, after taxes. $544,860; Stock $10,000 ($100) -----------$1,000
charges, $264.625; surplus, $280.235.
First mtge $1,000,000 gold' 1910 5 g J-D
433,000 June 1 1935
($500) guar P & I
c*fInt. at Cit. Tr.& Say.Bk..Columbus,Trust.
ROAD.
-132 miles of track, 112 within the city and 20 without.
Bonds.
V. 96. p• 1228, 1422. 1839; V. 97, p. 1425, 1662, 1897; V. 98, p. 235,452,
-Remaining bonds reserved for acquisition of additional real
estate additional stories on present bldg. and other impts. Not subi•
1316, 1766; V. 99, p. 48. 406, 815.
to calf.
OFFICERS.
-Same as old Columbus By. & Lt. Co. (see above).
OFFICERS.-Pres., Dana Stevens; V.
-Ps., W. A. Draper and W. H.
McAlister; Sec.& Treas., F.A. Healy.
-Trolley and electric light.
-V.92,p. 1564; V.93,P.1532 1522•
(1) Columbus Ry. & Light Co.
.
-This company, after the plan of reorganization and merger
Merger, &c.
The Indiana Columbus & Eastern Traction Co.
(2)
-A trolley road.
was declared operative(V.96, p. 1839; V.97, p. 1425, 1662) was practically
Leased to the Ohio Electric Ry. Aug. 311907. Latter company guaranliquidated but is being kept alive to retain the lease of the Columbus Light, tees interest on bonds and 5% diva,on
pref.stock and owns entire corn.stk.
Heat & Power Co. (see above). The By. & Lt. Co. is understood to have
ORGANIZATION.
-Incorporated in Ohio on April 14 1906 and has acIn its treasury $3,000,000 full-paid corn, stock of the Col. By., Lt. & Pow. quired the
Dayton Springfield & Urbana Elec. By., the Columbus London
Co., but in due course its affairs will be wound up and the $3,000,000 dis- Lk Springfield
Ry.. the Columbus Grove City & Southwestern
tributed among its stockholders.
Urbana Bellefontaine & Northern By.. the Springfield & Western By, the
Ry., the
-Incorporated In unto on May 12 1903 and acquired Dayton & Northern Traction Co. and about 12 miles of the Dayton &
ORGANIZATION.
under lease the Columbus Ry. Co. and the Columbus Edison Co.(merged Muncie Traction Co., extending from Greenville to Union City on the
rental of Indiana-Ohio State line. Has also acquired the Columbus & Lake Michigan
-see above) at a
In 1913 in the Columbus By,, Lt. & Pow. Co.
guaranteed diva. at the rate of 5% per annum on the pref. stock of the RR.. a steam road operating between Lima and Defiance, which has been
former and 6% per annum on the pref. stock of the latter, and 5% per an- converted Into electridty.
Leases the Dayton & Western Traction Co.and the Columbus Newark &
num on the common stock of each, the divs. on the common of each com- Zanesville Elec.
By., which
pany to commence Sept. 11903. Leases have been assigned to the Colum- Columbus Buckeye ',Eike & latter company had previously absorbed the
Newark Traction 00.and the Zanesville By. Lt.
bus Ry., Power & Light Co.
Assessment.
-Stock was only 20% paid in. but in Dec. 1913 the directors & Power Co. These leases were assigned to the Ohio Elec. By. Aug.31 1907.
The new general and refunding mortgage bonds were listed on the Philaconjunction with the merger
called for the payment of $20 per share in
plan (see above), paid in two installments of $10 each; the first on delphia Stock Exchange in February 1907. V.84, p.339. See description
of bonds, property, &C., In V. 83. p. 37.
Dec. 30 1913 and the second June 30 1914. V. 97, p. 1732.
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.
-In Dec. 1912 was leased for 999 years to the Inter-State Public
Lease.
Service Co.,a subsidiary of the Middle West Utilities Co.,at a rental of 5%
capital stock, or $92,000 a year above all taxes. V.95. p.680. See
on the
Inter-State Public Service Co.in V. 95, p. 1745; V.96,P. 1157.
ORGAN IZATION.-Formerly the Indianapolis Greenwood & Franklin
RR., which company was incorporated in Indiana in 1895. Name changed
as above in Jan. 1903. In Sept. 1912 increased its auth.stock to $1,840,000
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$1,840,000
Stock, $1,840,000
932,000 Feb 1 1923
Fin.t mortgage, $1,000,000f 1903 5 g F-A
c*tf lint. at Trust Co.ol Nor. Am.,Phila., Trust.
gold ($1,000)
-Cannot be called. $68,000 are reserved for exten. and impts.
Bends.
at not exceeding $15.000 per mile. See V.76. p. 654; V.82. p. 1212.
-For year ending Dec. 31 1912. gross, $429,755; net after
EARNINGS.
taxes. $184,483. In 1911. gross. $426,394; net, after taxes. depreciation.
&c.. $167.547; interest, $39,100; surplus. $128,447.
-Operates 62.38 miles of track between Indianapolis, Franklin
ROAD.
and Columbusand Seymour.of which 3.86 miles belong to Ind. Trac.& Ter.
-lb. T rail. Mostly private right-of-way. It
Co. Standard gauge. 60
connects with Indianapolis & Louisville Elec. Ry., thus forming a through
line from Indianapolis to Louisville.
-P., L.I. Sweeney; Sec.& Treas.,
OFFICERS.-Pres.,Wm.G.Irwin; V.
-V.77. p.823; V.78. p. 1446; V.82.
Hugh Miller; all of Columbus. Ind.
p.928. 1212; V.86,P.421; V.95, p.680.

COLUMBUS, OHIO.




X

I

h

SEPT. 1914.1
)

ELECTRIC RAILWAYS

STOCK AND BONDSDate, Interest. Outstanding. Maturity.
Common,$3,025,000 ($100)__
$3,025.000
1.000.000 See text.
Preferred. $1,000,000 ($100)-5%
Gen and ref mtge (see text)6,250,000
1 1926
gold ($1,000)
c* Int. at Pa.Co.for Ins.on L.&G.A.,PhiTa.,Trus.
500.000 Oct 1 1920
Col Lon & Spg 1st mtge. $1,- 1900 5 g A-0
500,000, gold ($1,000) c* Int. at N.Y. Trust Co., New York,Trustee.
750,000 Nov 1 1928
Day Spg & Urb 1st mtge, 1898 5 g M-N
5750.000, gold ($1,000)- jlnterest at N.Y. Trust Co., N. Y.. Trustee.
Bonds.
-The gen. and ref. mtge. was originally for 312,000.000 but auth.
amount has been reduced to 510,000.000. Of the remaining bonds $400.000 are treas. bonds deposited with trustee and are available for extens. &
impts. when net earns, are equal to 134 times int. charges on bonds out
and to be issued; $1,250,000 are held to retire the underlying liens given
in table above. The remaining $2,100,000 arereserved for future betterments, improvements and extensions, and can only be issued as follows:
$1,100,00 when net income is equal to 1 times int. charges on all bonds,
Including those to be issued, and $1,000,000 when net is equal to twice int.
charges, incl. int. on bonds to be issued. These bonds are subject to call in
whole, but not in part, at 105 and int. The Columbus London & Springfield bonds may be called at 110 and int. A sinking fund on these bonds
of 59' of gross earnings began with year ending Sept 30 1906. See V. 71.
p. 90. $119,000 in sink. fund July 11914. The Day. Springfield & Urbana bonds are subj. to call at 110 and int. A sink, fund of 5% of gross
earnings began in 1903. 5115,000 in sinking fluid July 1 1914.
-Columbus to Orient, Columbus through Springfield to DayROAD.
ton, Dayton to Union City and Richmond. Ind., Springfield to Lima.
through Lima to Defiance,0. Total miles of track (electric) owned,252.91:
leased. 126.94; total operated, 379.85. Standard gauge. 5 power houses.
231 cars.
-Ps., D. G. Edwards and W. A.
OFFICERS.-Pres., Dana Stevens; V.
Draper; Sec. and Tress.. F. A. Healy; Asst. Sec. & Asst. Treas., D. J.
Downing.
-V.85. p. 600; V. 86. p. 721; V. 87. p. 37.
-Trolley road.
(a) Dayton & Western Traction.
-Incorporated on June 261898. Wasleased on June
ORGANIZATION.
15 1906 to Ind. Colum.& East.(V. 82. p. 1437). For terms. see below.
Div. Period, Outstaturg. Last Dividend.
STOCKRI $747,500
See text.
Common. $900,000 ($100)
850.000
See text.
pref, $850,000 ($100) 5% cum
Dividends
.-Lease taking effect June 15 1V6 provides for 5% per annum
on pref. stock and 5% on corn, stock in 1906 and 1907. 53.% in 1908 and
6% thereafter.
-Dayton,0., to Richmond, Ind., with branch from New WestROAD.
ville to New Paris, 36.94 miles. At Richmond connection is made with
Terre Haute Ind. &West Trac., thus making a through line from Indian4 7to Columbus, a distance of 184 miles. V. 82. p. 1437;
via 9
p 3kia ytog
-P., J. H. Winters:
OFFICE RS.-Pres.and Treas.. Valentine Winters; V.
See., R. R. Dickey; Asst. Sec. and Treas., F. A. Funkhouser. all of Dayton.
-A trolley road,
(b) Columbus Newark & Zanesville Electric Ry.Co.
-Incorporated in Ohio on July 2 1902, and in April
ORGANIZATION.
1904 absorbed the Newark & Granville Street Ry. In June 1906 acquired
the Columbus Buckeye Lake & Newark Traction Co., the preferred shareholders being given $500.000 in pref. stock for their holdings. Also took
over the Zanesv. Ry. Light & Power Co. and was then leased on June 23
1906 to tho Indiana Colum. & East. Trac. Co. for length of franchise and
renewals thereof. Rental is interest on bonds, an amount equal to 6% on
the preferred stock and $500 for organization expenses. V. 83, p. 625.
Private right of way from Newark to Zanesville; franchises on other lines
expire 1925 to 1928. Entire common stock is owned by Ohio Elec. Ry.Co.
Date. Interest. Outstanding. Maturity.
STOOK AND BONDS-$1,525,000
Common,$1,525,000 ($100)500.000 See text.
Pr.6% cum,$500,000 ($100)- -___ 6 Q-J
1,250.000 Mch 1 1924
1st mtgo, $2,000,000, gold). 1904 5 g M-S
c* Int. at Col.-Knick. Tr. Co., N. Y., trustee.
.00 )
1,210,000 May 1 1926
Gen & ref mtge, gold. $6,- 1906 5 g M-N
c* Int. at Girard Trust Co., Phila., Trustee.
250,000 3 0001,)
1,243,000 Nov 1 1921
0 B L & N 1st mtge.$1,500,- 1901 5 g M-N
c* Int. at Col.-Knick. Tr. Co., N. Y., trustee.
000,gold ($1.000)
Zanesville Ry, Lt & Pow 1st 1902 5 g M-S
750,000 See text.
cons mortgage. $1,000,000 Int. at Cent. Tr.& S. D.Co.,Clue.. Trustee.
($500, $1, 0 ), gold._cl or Trust Co. of America, New York.
Registrar, Guardian Trust & Safe Deposit Co., Zanesville, Ohio.
-A
250,000 Feb 1 1919
Zanesv Else 1st mtge, $300,-{ 1899 4 g F
000, gold, subject to call Interest at International Trust Co.. Boston,
Trustee.
after 1903. $1,000 each._c
Bonds.
-Of the $6.250,000 gen. & ref. bonds, $3,493,000 are reserved to
retire prior liens and $1,546,000 for betterments and extensions. They are
subject to call after 5 years at 105 and int. Under terms of this mtge., none
of the $750,000 1st mtge. bonds unissued can now be issued. The entire
issue of Col. New.& Zanesv. 1st 5s can be called at 110 and int. on any Int.
date. V. 80, p. 1234. The Col. Buck. L. & New. bonds are subject to
call on any int, date at 110 and int. on 3 months' notice. Zanesville Ry.,
Lt. & Power bonds fell due Oct. 1 1912 but were extended to Mar. 1 1924.
5250,000 reserved to retire underlying bonds.
-Operates 90.00 miles of track from Columbus to Zanesville,
ROAD.
Including the city lines in Zanesville, Newark and Granville and a branch
to Buckeye Lake. Operates lighting and power plants in Zanesville.
Standard gauge; 60 and 70
-lb. T rail and 90-113. girder. Also owns amusement;lark on Buckeye Lake. Owns and operates Its Hebron power plant
with its own natural gas.
-Pros,, Dana Stevens; V.
OFFICERS.
-P., W. A. Draper; Sec. and
Treas., F. A. Healy.
-V.87. p. 37; V. 95, p.
890. 1039.
(3) Lima Electric Railway & Light
-A trolley road.
Acquired by purchase by Ohio Electric Ry. Dec. 31 1909.
ORGANIZATION.
-The company is a consolidation completed Aug. 1
1900 of the Lima Ry. (incorporated Nov. 5 1896) and the Lima Electric
Light & Power Co. Was leased July 1 1905 to the Lima & Toledo Traction,
which lease was assigned to Ohio Electric Ry. Aug. 31 1907.
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, 55 000 ($100)- -00
Lima Railway, first mtge, 1898 5 g
105,000 Dec 1 1916
5200.000. gold ($500)--c* Int. at Citizens' Savings & Trust Co., Cleve..
Trustee; also at Fourth Nat. Bank, N. Y.
Lima Else Lt & Power, gold, 1900
6 g J-D
15.000 June 1 1917
1st M,385.000 31,000) _c* Int. at Cleveland Trust Co.. Cleve., Trustee.
Lima Electric Ry & Light, 1900 5 g J-J
260.000 July 1 1916
gold, first consol mortgage, Int. at Cleveland Trust Co.,Cleve., Trustee,
$500,000 ($500)
or Standard Trust Co., New York.
2d consol mortgage,$850.000, 1902
5 g A-0
350,000 Apr 1 1925
c5 Int. at Fidelity Trust Co., Buffalo, Trustee.
gold $1,000)
'
i
lilac lty & Light, ref
Lima
5
e 520,000 Sept 1 1925
mortgage, 51,250.000, gold Int. at Girard Tr. Co., Phila.. Pa., Trustee.
-Or the first cense!. mtge. gold 5a. $240,000 are reserved to retire
Bonds.
the above two prior liens. The Lima Ry. bonds may be called at par on 4
weeks' notice. $10.000 retired Dec. 1 annually. Lima Elec. Light & Pow,
bonds may be called on any int. day on 30 days' notice. $5.000 retired
June 1 annually. Of the $850.000 2d consols. $500,000 are reserved to retire a like amount of first consols. These bonds are a lien on the electriclight and heating plant, as well as on the railway. Cannot be called before
maturity. $730,000 refunding bonds are reserved to retire prior liens.
-Owns 14.21 miles of track, also a steam-heating plant(franchise
ROAD.
perpetual. operated in connection with the electric-lighting plant). Contract ordinance for city lighting expires April 1919.
OFFICERS.-Pres., Dana Stevens; V.-Ps. W. A. Draper and W. H.
MacAlister, Cincinnati; Sec. & Treas., F. A. Healy, Springfield, Ohio.
'
V. 81, p. 155, 1100.
-A trolley road
(4) Fort Wayne Van Wert & Lima Traction Co.
ORGANIZATION.
-On Mar. 1 1906 was leased, until expiration of franchises and renewals thereof, to Lima & Toledo Traction Co., which guaranteed the interest. V.82. p. 691. Lease was assigned to Ohio Electric Ry.
Aug.31 1907. The latter company owns all the common stock. Incorporated in Indiana and Ohio. Road is entirely on private right-of-way except
-year franchises.
in towns, where it has 25 or 50
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity
Common. 51,000,000 ($100)$1,000,000
Pref,$1,000,000,5% n-c($10Cf
1,000,000
First mtge, $2,000,000. gold 1905
5g
1.470,000 July 1 1930
_c* Int. at Fidelity Trust Co., Phila., Trustee.
guaranteed ($1,000)
-Of the $2,000,000 bonds, $530.000 are reserved for extensions
Bonds.
and improvements. V. 82. p. 691. Are not subject to call.




41

ROAD.
-59.84 miles of electric track from Ft. Wayne via New Haven.
Monroeville, Van Wert, Middlepoint, Delphos and Elida to Lima. Commenced complete operation Nov. 15 1905. Connects at Ft. Wayne with
the Ft. Wayne & Islor. Ind. Trac. and at Lima with the Ohio Elec. Ry.,
and forms part of through line from Ft. Wayne to Toledo. Dayton and
Columbus. Standard gauge. 70
-lb. T rails.
OFFICERS.-Pres., Dana Stevens; V.
-P.. W. A. Draper; Sec. and
Treas.. F. A. Healy.
-V.82. P. 691. 804; V. 83. p. 37.
(5) Cincinnati Dayton & Toledo Traction Co.
-Trolley road.
Leased to the Ohio Electric Ry. Co.; see terms below.
ORGANIZATION.
-Incorporated in Ohio on May 19 1902. and is a consolidation of the Southern Ohio Traction Co., the Cincinnati & Northwestern Ry., the Miamisburg & Germantown Traction Co. and the Hamilton & Lindenwald Elec, Trans. Co. V. 74, p. 884. 1037. Franchises are
for 25 to 50 years.
Lease.
-Was leased to the Cincinnati Northern Traction Co. May 1 1905
for length of franchise and renewals thereof. Lease transferred to Ohio
Electric Ry. Co. Feb. 1 1908. After the Ohio floods in 1913 a lease was on
June 23 1913, by agreement with Ohio Electric Ry., modified (see V. 96,
13• 1556, 1839) to provide for payments as follows: (a) June 24 1913,592,000:
(b) for years ending June 30, respectively; 1913-14, 5266.500: 1914-15,
$266,500; 1915-16, $276,500; 1916-17, $286,500; 1917-18,$296,500; 191819. $306,500; 1919-20, $316.500; 1920-21, $326,500; 1921-22.
1922-23 and thereafter,$366,500 yearly. Divs.on any pref.stock$346,500:
that may
be issued beyond the $250,000 outstanding at time of agreement are to be in
addition to these payments. Lessee also pays $1,000 per annum for
lessor's organization expenses and another $1,000 per annum to be invested
by lessor to meet future expenses.
Under modified agreement of lease of June 23 1913, outstanding common
stock was reduced from $5.000,000 to $2,000,000
-the Ohio Electric Ry.
surrendering the $1,000,000 held by it and the other shares being exchanged
two for one. V. 96, p. 1556.
On Mar. 6 1914 a certificate was filed reducing the capital stock from
$5,250,000 to $2.250,000, consisting of $2.000.000 common and $250,000
preferred. V. 98. p. 838.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$2.000,000 3100)- ---$2.000,000 See text.
J-J
Prof. $250,000, 59' cum($100
J-J
250,000 See text.
Cincin Day_& Tol 1st cons M, 1902
5 g J-J
2.700,000 July 1 1922
55,000.000, g ($1,000)_c* Interest at Cleveland Trust Co., Trustee.
Southern Ohio Trac 1st cons 1900 5 g M-N
1,350,000 May 1 1920
32.000.000($1,000),goldc* Int. at Cleveland Trust Co., Trustee, or at
Standard Trust Co., New York.
Cin & Ham Else 1st g ($500)1 1898 6 g J-J
400,000 July 1 1918
5500.000. not subj to call__ Int. at Cit. Say.& Tr. Co., Cleve., Trustee.
Dayton Traction 1st M, gj 1896
5 g J-J
250,000 July 1 1916
(51,000), int guar
c*1Int. at Finance Co of Penn., Phila., Trustee.
Ham & Lindenwald El Truk) 1901
5 g J-D
250,000 July 1 1922
1st M s f $250,000. g ($1.- Interest at Cleveland Trust Co., Trustee.
us
000), lot guar
c*
Allem & Germ 1st guar (350.-j 1901
5 g J-D
50,000 July 1 1922
000), gold ($1.000)
c*lInterest at Cincinnati Trust Co., Trustee.
Bonds.
-None of the Issues is subject to call. Of the 55,000,000 Cin.
Day. & Tol. Trac. Issue. $2.300,000 is reserved to retire prior liens. See
V. 81, p. 154.
Of the $2,000,000 South. Ohio Traction bonds. $650,000 are reserved to
retire Cin. & Ham. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham. & Lind. Elec. Tran. and Miamisb. & Germ, bonds originally
fell due Dec. I 1911, but arrangements were made at that time to extend
them to July 11922. V.93; p. 1386, 1387. Annual sinking fund of 5% on
Ham.& Lind. bonds began Dec. 1 1906.increasing 1% each year up to 1911.
Dividends.
-5% per annum is paid on the pref. stock. On corn. under
,
modified lease, diva, are suspended until year beginning July 11915, when
;4% will be paid, this increasing
% annually until the year beginning
July 1 1921 (after a dividend rate of3% has been reached) when the increase
Is 1% per annum, until 5% is reached in the year beginning July 1 1922.
ROAD.
-Owns 67.22 miles of electric track. connecting Cincinnati with
Dayton, incl. Germantown, Mt. Healthy and College Hill branches; also
Including the Hamilton City lines. 54 cars: 1 locomotive. Carries freight
and express.
OFFICERS.
-Pies., Theobald Feiss; V.
-P., C. H. Reinhold; V.
-P.
W. A. Draper; Sec. & Treas.. F. A. Healy: Asst. Sec. & Asst. Treas.,
D. J. Downing, all of Cincinnati
-V. 81. p. 154; V. 96. p. 1556, 1839:
V. 98, p. 838.
COLUMBUS DELAWARE & MARION R Y.
-A holding company.
Receivership.
-Appointment of Ell M. West as receiver was affirmed
by the Circuit Court at Columbus in all respects.
On Feb. 4 1913 Judge Sater in the U. S. District Court dismissed the
petition of Robert W.Bingham (V. 95. p. 480, 297) for the appointment of
a new receiver and the foreclosure of the mtge. by the Federal Court,
holding that the matter was one of which the State Courts had jurisdiction.
V.96.13.652.
Int. due Aug. 1912 was paid in Feb. 1913; Feb. 1913 int. was paid Aug.
1913 and Aug. 1913 int, was paid in Feb. 1914. Feb. 1914 int. paid in Aug.
1914. Aug. 1914 int, will probably be paid in Feb. 1915.
Personal Judgment.
-On May 13 1912 the Court of Common Pleas of
Green Co. gave a judgment to Receiver West against John G. Webb for
51,055.931 as balance due in suit brought for an accounting. He (Mr.
Webb) was also held to be further liable to the Col. Del. & Mar. Ry.in
event of the guar. of that company being held valid on bonds of 3 sub, cos.,
viz., $500,000 Col. Mar. & Bucyrus. $200,000 Mar. & Western Ry., Lt. &
Power and $250,000 Mar. & Suburban Ry. V. 94, p. 1448.
On June 11 1913 the Clark County Court of Appeals affirmed the judgment granted on May 13 1912. V. 96, p. 1700.
On Apr. 28 1913 Judge Kinkead auth. receiver's cents, for $25,650 to
pay for repairs necessitated be damage done by floods. The certificates.
It is stated, will be given second preference in claims against the receiver.
V. 96. p. 1296.
-Incorporated In Ohio in Oct. 1904 and owns the
ORGANIZATION.
entire capital stocks of the Columbus Delaware & Marion Electric RR.($1,000,000), the Marion Ry., Lt. & Power Co.($300,000) and the Columbus
Northern Ky., Power & Equipment Co.($30.000).
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
Common,$2.100,000 ($100)$2,100,000
l'ref"A,"6% cum,$500.000500,000
Prof"B." 1-6% cum,$400.000
400.000
First ref mtge. $2,500,000.j 1904
5g F
-A
920,000 Aug 1 1944
gold ($500 & $1,000)____c*IInt. at Bankers' Trust Co.. N. Y., Trustee.
Stock.
-The pref. "A" and pref."B" shares were created in 1908 (V. 86.
p• 1284), and dividends on both are cumulative: but those on the "B"
shares are entitled to only 1% the first year, with an additional 1% for each
year thereafter until 6% is reached.
Bonds.
-Of the new ref. mtge.,51,580,000 are reserved to retire the bonds
of the Col. Nor. Ry.. P.& E. Co.. the Marion Ry., Lt. & P. Co. and the
0. D. & M. Elec, RR.
EARNINGS.
-For year ending Juno 30 1914, gross. $472,222. In 1913,
gross, $441,029; net, $190.818; int., taxes, &c., $152,083; other deductions. $10,086; surplus, $28,649.
OFFICE RS.-Aud.for Receiver, W.H. Davidson: Pres., H. G. Catrow;
Sec., E. 11. Turner; Supt. for Receiver, J. H. Lahrmer.-V. 95. 13. 297.
480, 1331, 1472; V. 90, p. 652, 1296, 1700; V. 99,13. 537.
(1) Columbus Delaware .Sc Marion Electric RR.
Interest duo Nov. 1 1912 was paid May 11913. Int. due May 1913 was
paid in Nov. 1913. The Nov. 1913 int. was paid in May 1914. The May
1914 int, will probably be paid in Nov. 1914.
ORGANIZATION.
-Incorporated in 1901.
Date.
Interest. Outstanding. Maturity.
.
B mortS $1.000,00'). gold{ 1901
lat O N D.5 g M-N $1,000,000 May 1 1921
cs Int. at Cleveland Trust Co., Cleveland
(31.000)
Trustee. or Nat. Bank of Comm.in N. Y.
I3onds.-See V. 75. p. 76.
-Operates an electric railway over private right of way from
ROAD.
Columbus to Marion, passing through Franklin, Delaware and
counties. Also 4 miles In the City of beiaware, a total of 57 miles. Marion
V.80.
p. 117; V 91. p. 945; V.93, p. 1190.
(2) Columbus Northern Ry. Power & Equipment Co.
ORGANIZATION.
-Incorporated in Ohio on Oct. 24 1904
power house at Delaware and sub-stations to supply electricity to erect a
and heat. Receiver of Col. Del. & Marion Ry. was authorized for power
to borrow
money to pay interest due Sept. 1 1909. V. 89. p. 592.
then has been paid to Sept. 1913. The March 1914 coupon Interest since
was paid June 1
1914. Sept. hit, will be paid Dec. 11914.

[VOL. xcix.

ELECTRIC RAILWAYS

42

Interest. Outstanding. Maturity.
Date.
CORTLAND, N. Y.
BONDS$252,000 Sept 1 1934
5 g M-S
-Trolley.
CORTLAND COUNTY TRACTION.
1st mortgage. 6300,000. gold( 1904 Guaranty Trust Co.. N. Y.. Trustee.
at
clInt.
-Is a reorganization on June 22 1901 of the Cortland
ORGANIZATION.
($1.000)
& Homer Traction, sold at foreclosure on Apr. 23 1901. In June 1905 abLight & Power Co.
(3) Marion Railway,
-Incorporated in Ohio on June 24 1903 and is a sorbed the Cortland & Homer Electric Co. previously controlled. In May
ORGANIZATION.
consolidation of the Marion Street Railway Co. and the Marlon Electric 1914 was furnishing 242 arc lights to the cities of Homer and Cortland and
also light to the public. Carries coal and freight as well as passengers.
Light & Power Co. Jan. 1914 int. was paid July 11914.
Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS- Date.
BONDS6320,000
$300.000 July 1 1924 Stock, cons, $320,000 (3100)5 g J-J
mtge. gold ($1,000)--c*j 1904
1St
4g
180.000 April 1 1921
f 1901 Say.A-0 & Tr.
lint. at Guaranty Trust Co., N. Y.. Trustee.
Bk.
Co.. Scranton, Pa.,
First mtge, $180,600 45003.!County
-No sinking fund and bonds cannot be called.
Bonds.
-lb.rail.
gold
c51 Trustee. Int. at co.'s office. No sink. fd.
.-Slx miles of track in Marlon. Standard gauge. 60 and 80
ROAD
Can be called on 6 months' notice.
-A
5g F
320.000 Aug 1 1935
New mortgage, E500,000, g 1905
COLUMBUS MARION & BUCYRUS RY.
c Interest at Empire Tr. Co., N. Y., Trustee.
($500 and $1,000)
-Incorporated In Ohio in May 1913 as a reorganizaORGANIZATION.
5 J-D
105,000 Juno
tion of the Columbus Marion St Bucyrus RR., sold under foreclosure per 1st & ref mtge.$2.000,000- 1 1907 Equitable Tr. Co., N. Y., 1 1957
Trustee.
lint. at
plan V. 96, p. 1488. 1839.
Interest. Outstanding. Maturity.
-Of the $500,000 issue of 1905. 5180,000 are reserved to retire
Bonds.
STOCK AND BONDS- Date.
prior liens. They are subject to call at 105.
$350.000
Stock.$350,000
1934
ROAD.
100.000
-Operates 15.92 miles of track (not including sidings and turntf 1914 6% g
First mtge, $100.000
See text.
250,000
1944 outs) between Cortland, Homer, Little York and Preble, and between
Gen& Ref hi,$350.000, gold tf 1914
Bonds.
-The 1st M.6s are red. at 1025 and int. on any int. day. Of the Cortland and McGrawville. Has 33 cars.
-For fiscal year ending June 30 1913, gross, $83,362; net.
EARNINGS.
amount reported out, $65,000 is held by trustee pending construction of
power-house. The interest on the gen. & ref. mtge. bonds is 39' for the after taxes, $23,480; other income, $19,879; int., rents, &c., $29,441; sur1st and 2d yews. 4% 3d and 4th years and 5% thereafter. $100,000 re- plus. $13,918.
-P., Edw, H. Brewer; Sec..
OFFICERS.-Pres.. D. W. Van Hoesen; V.
served to retire 1st M. bonds. V. 96, p. 1488. 1839.
-V.81. p. 507.
-P. & Treas.. Jas. H. Caldwell, G. H. Garrison; Treas. and Gen. Mgr., Edwin Duffey.
OFFICERS.-Pres.. Geo. Whysall: V.
-V.99. p. 198, 537.
Troy, N. Y.; Sec. & Asst. Treas., E. C. Oswald.
MARION & WESTERN RAILWAY. LIGHT &IPOWER CO.
-Interest has been in default since Sept. 1906. Up to Sept. 1914
Default.
no receiver had been appointed. Suit has been brought in Federal Court
at Cincinnati against the directors of the company for an accounting of the
proceeds of bonds.
-Incorporated in Ohio on Sept. 26 1906 to purchase
ORGANIZATION.
the Prospect Electric Light Co. and to build from Prospect to Richwood
Ohio. 7 miles.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$200,000
Stock,$200.000
200,000
1936
1st mortgage, $200,000. gold! 1908 5 g A-0
'Interest at Cincinnati Trust Co., Trustee.
($500)
-Subject to call after 1912 at 110. Sinking fund a $5,000 per
Bonds.
annum after 1912.
-P., J. G. Webb; Treas.. G. H.
OFFICERS.-Pres., N. J. Catrow; V.
Holzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILWAY CO.
Receivership -lot,due Oct. 1 1909 is in default. In Feb. 1910 Geo. Whygall was appointed receiver. Suit has been brought against the directors
for an accounting of the proceeds of bonds. Up to Sept. 1914 suit had
not been tried.
-Incorporated In Ohio Sept. 25 1906 to build the
ORGANIZATION.
necessary extensions of trackage to the local Marion City lines demanded
by the City of Marlon. 134 miles completed; none in operation; no work is
being done.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock.$250,000----------------- ------- $250,000
First mortgage. $251,000.j 1906
250,000
1936
lInterest at Cincin
Trust Co., Trustee.
gold ($500)
Bonds.
-Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
-P., J. G. Webb; Treks., N.J.
OFFICERS.-Pres., Geo. H. Holzbog; V.
Catrow; Sec., H. B. Hane.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.
-A
trolley road.
-Incorporated In Ohio on May 4 1899. In May
ORGANIZATION.
1905 canceled old mtge. for $200.000 and made the new mortgage in table
below. V.80.1i. 2399. Franchises are for 25 years.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$400,000($100)__-$200,000
Preferred,6% cum.$200,000 ---200000
($100)
First mtge, $450,000. gold 1905 5K.14
None. Jan 1 1925
($500 and 31.000)
ntf Prov. Sav. Bank & Tr. Co., Cinc., Trustee.
REPORT.
-For year ending June 30 1914. gross. $62.217; net profits,
$13.332: taxes, $2415; balance. $10,917.
ROAD.
-Operates 8.8 miles of track from Columbus to Gahanna,Including perpetual lease of 2.7 miles of tracks of the Columbus By. as terminal;
gauge, oft. 2 in.:65
-lb. T rall.-V. 82,p. 1211; V.91. p. 1160,1629; V.92.
ri• 1032. 1498.
-Third rail.
SCIOTO VALLEY TRACTION CO.
ORGANIZAT1ON.-Incorporated in Ohio with a perpetual charter in
1904. Built on private right of way. Franchises extend beyond maturity
of 1st mtge. bonds. In 1908 canceled $2,000.000 mtge. of 1903 and made
new mtge. for 34.000,000, which see below. Stockholders voted Sept. 22
1908, authorizing $500,000 new 5% first preferred stock, which ranks
ahead of old preferred stock (V.87. p. 481 and 815).
In 1912 the Columbus Depot Co. was incorporated In the interest of the
company to build a terminal In Columbus.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
31,800.000
Common,$1,800,000 (3100)300,000 July'14,134
Q-J
cum__ ____
1st pref. 3500.000.5%
1.200.000 July'14,134
-J
Q
Pref. $1,200.000. 5% cuml
($100)
1,583,000 Sept 1 1923
1st mortg. 34.000.000. gold! 1908' 5 M-S
c*tflint. at Harris Tr. & Say. Bk..Chic.. Trustee.
($1.000) _
-Of the remaining 1st mtge. bonds $2,383,000 can only be issued
Bonds.
for 75% of cash expenditures, and for permanent extensions and additions
to property, and only when net earnings are twice the interest charge on
outstanding bonds and those to be Issued. Bonds have a sinking fund of
1% fier annum on bonds out 1913 to 1917; thereafter 2% per annum.
$17,000 have been retired. They are not subject to call. See particulars,
bonds, property, &c., in V. 87, p. 679.
Dividends.-Divldends on old issue of pref. stock were to accrue from
Oct. 1 1905, but amounts due Jan. 1 1906 and April 1 1906 were relinquished
by shareholders, and 1st div. (131%) was paid July 1906 and 134% Oct.
1906. V. 82. P. 1440. From 1907 to 1913, incl.. 5% Per annum. In
1914. Jan.. 13%; April, 151%; July. 134%•
EARNINGS -For 12 months ending June 30 1914, gross. $485,697;
net. 3205.839: Int. and taxes. $98,784: dive., $75,000; surplus, $31,055.
Passengers carried in 1913-14, 51.380.405.
-Operates 72 miles of track from Columbus to Lancaster and
ROAD.
from Columbus to Chillicothe. Is operated by third-rail system. Standard
-lb. T rail. Within city limits of Columbus, company operates
gauge. 70
over tracks of Columbus By.& Light Co. under operating agreement.
OFFICERS.-Pres. and Mgr., Frank A. Davis; V.-Pres. and Treas.,
-V.81, p. 32.
Edwin R. Sharp; Sec., A. C. Moorhens: Supt.. C. Skinner.
778. 1551, 1661; V. 82. p. 101. 1158, 1440;V. 87. p. 481, 615, 679; V. 91.
P.871.

CONCORD, N. H.

-A trolley road extending from the
CONCORD STREET RAILWAY.
central wards of Concord to Penacook. Comprises 12.71 miles of track.
passed to the Boston & Maine RR.,and In 1903 the
In June 1901 control
New Hampshire Legislature authorized the Concord & Montreal RR.,
which is leased to the Boston & Maine, to purchase the property and to
issue stock and bonds to pay therefor.

CORNING, N. Y.

trolley road.
CORNING & PAINTED POST STREET RY.-A Commenced opera-Incorporated Dec. 11, 1894.
ORGANIZATION.
tion Nov. 1 1895. Control changed hands in 1904. V. 80, p. 162.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$100,000 1905-06,4%
Stock.$100,000 ($100)
-100,000 Jan 1 1916
5 J-J
1st mortgage, $100,000
j 1896
Interest at Beacon Trust Co.. Boston.
l
EARN1NGS.-For year ending June 30 1914. gross, $64,157; net, after
taxes, 315,102: other income,$777: int., rents, &c.. 59,330; surplus, $6,549.
ROAD.
-Owns 5.9 miles of track from Corning to Painted Post; 19 cars.
B.
Il.OFFICERS.-Pres., J. L. Greatsinger, Brooklyn, N. Y.; Sec., J..P.
Packer, New York; Treas., D. W.Bigoney. New York; Compt., C
Crawford, New York.
-V.80. p. 62.




COVINGTON, KY.

CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION
-A trolley road.
CO.
-Incorporated under the laws of New Jersey on
ORGANIZATION.
March 11 1902 and purchased all the stock of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington Railway. V. 74, p. 576. The latter was organized in 1892 to buy up and consolidate all the roads on the Kentucky side of the river opposite Cincinnati.
Lease.
-The Union Lt., Ht. ,St Power Co. and the Cfnc. Newp. & Coy.
By.(both controlled through stock ownership by the Cinc. Newp. & Coy.
Lt. & Tr.) were leased from Apr. 1 1907 to Columbia Gas & Electric Co.
(incorporated in Ohio) for 45 years. The lessee guarantees interest on
bonds and 434% per annum on preferred stock. On common, dividends are
to be 3% for first year, Increasing 34% each year until 6% Is reached, which
Is to be the rate thereafter. See V. 84. p. 449. 930: also terms in V. 84,P.
1489, under Columbia Gas & Electric.
The controlled Cincinnati Covington & Erlanger St. Ry., which was incorp. Sept. 1899 with $250.000 stock (shares $50). to build an extension to
Erlanger, 73.1 miles (about 3 miles completed) has also been leased to the
Columbia Gas & Electric.
On June 25 1914 company auth. 5200,000 1st M. bonds to cover cost of
the 11th St. bridge between Covington and Newport, which is now under
construction. V. 99, p. 608.
-Motion by South Covington & CincinFranchise Assessment Sustained.
nati St. By.to enjoin Increase in franchise assessment in 1912 from $710,373
denied in Feb. 1914. See V. 98. P. 838.
to 34.195,850 was
Interest, Outstanding. Maturity.
STOOK AND BONDS- Date.
$5.000,000July15'14.134
Q-J
Common.$5,000.000 ($100)-- ---Pref. 434% non-cum.
.
4.500.000July15'14.134
434 Q-J
000.000 4100)
Underlying Bonds
150,000 Jan 1 1932
So Cov&Cin cons M $500,0001 1892 6 g .14
1Covington gay Bank & Tr. Co., Trustee.
gold ($500. 31.000)
100.000 Aug 1 1917
-A
6F
Nevrp & Day St Ry 1st M---- 1887
Cincinnati Newport & Covington
2.750.000 July 1 1922
1st consol mtge, gold, $3,-J 1892 5 g J-J
'Trustee.
000.000 ($1,000)___c*&r- Farmers' Loan & Tr. Co. of N. Y. 1 1922
600,000 July
5 g J-J
g
2d mortgage. $1.9110.000. - 1896
c Farmers' Loan & Trust Co., N. Y..'Trustee.
($1000 each)
Union Light, Heat & Power Co.
1.608.000 May_ 1 1918
4 g M-N
1901
1st mtge. $2,000,000, gold Int. at Nat. Bank of Commerce, N.Y •: First
National Bank, Cincinnati, or at German
($100. $500 Sr $1,000)_eirr
National Bank, Covington.
Bonds
Guaranteed
1939
See text
5 M-S
Licking River Br Co 1st MI 1914
$260,000 guar (see test) s PI
of 1892 of the C. N. & C. By.,
-Of the first consolidated bonds
Bonds.
$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 the
first consols. Interest on those bonds is payable at the National Bank 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 improvements, additions or purchase of other companies at par for actual cost.
the
Licking River bonds are guaranteed by Columbia Gas & Elec. Co. and had
South Covington & Cincinnati St. By. Up to Aug. 15 1914 no bonds
been sold (V.99, p• 608)•
-On preferred 434% Is being paid. On common stock
DIVIDENDS.
first dividend of 54% was paid July 15 1907 and 3(% Oct. 15 1907. In
1908. 334%;in 1909. 3,‘%;in 1910, 434%;in 1911. 434%;in 1912. 5 A %.
In 1913. jan.. 114 70: Apr- 134%; July. 134%; Oct.. 134%. In 1914.
Jan.. 1 A %; April, 1 A %; July. 1 A %.
ROAD.
-Connects Cincinnati, Newport, Covington. Dayton, Bellevue
Ludlow, Bromley and Fort Thomas. Total in operation, 60 miles; laid
-lb. Johnston girder and 72-1b. "T" rails.
with 80
-P., James M. Hutton; Sec..
OFFICERS.-Pres.. James 0. Ernst; V.
-V.83, p. 1228; V. 84. p. 449. 930. 1366.
and Treas., George M. Abbott.
1488; V.88, p. 824; V.92, p. 1313; V.94. p.350; V.98, p. 838: V.99,P.508.

I

DALLAS, TEXAS.
-Trolley.
DALLAS ELECTRIC COMPANY.
The Dallas Electric Co. was incorp. in Maine on May 3 1913 with
$7.000,000 auth. cap. stock, as a re-incorporation ot Dallas Electric Corpoporation. V. 96. p. 1422.
ORGANIZATION.-Incorp. In New Jersey in 1902. 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 52,000,000 first pref. stock and it was sold In blocks
of 10 shares of first pref. and 4 shares orcom.for $925. V.89.0. 224. For
decision on occupation tax on Dallas street railways, see V. 89, p. 41.
On Nov.23 1912 Judge Foree in the 14th Dist. Court granted a temporary
injunction to the Dallas Consol. Elec. St. Ry., enjoining the enforcement
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
-cent fares where passengers have to stand. V. 95, p. 1541 1472 113.
3
On Juno 14 1913 the Civil Court of Appeals of the Fifth District affirmed
the decision of Judge Force (see above). V.96. p. 1772. On Mar.4 1914
the Texas State Supreme Court at Austin declined to grant the city's application for a writ of error to review the decision of the Civil Court of Appeals
of the Fifth District. V. 98. p. 839.
Interest. Outstanding. Matutity.
STOCK AND BONDS- Date.
$2,848.100
Common,$3,000,000 ($100)First pref,32,000,000.6% corn
A-0
1,995,000 Oct '14, 3%
($100)
A-0
1,994,800 Oct '14.234
2d pf $2,000,000 5% n-c ($100)
Dallas Electric Corporation
3,492,000 April 1 1922
First coil trust natge, 54.000,-I 1902 5 g A-0
000,gold($100,$1,000)c* tf Int. at Old Colony Tr. Co., Boston, Trustee.
-A
Notes, $3.500.000. gold ($500 1912 5 F
1,000,000 Feb 1 1917
c* tf LInt. at American Trust Co., Boston, Trustee.
and 51.000)
Notes $2,500,000 gold ($500J 1914
5 g J-D
1,500,000 June 1 1917
and 31.000)c*LInt. at American Trust Co., Boston. trustee.
Notes payable June 30 1914263,000,
Stock and Bonds.
-The first pref. Is redeemable on and after Oct. 1 1912
at 105 and accumulated dividends. Sinking fund, 1% per ann. of bonds out.
550.000 bonds In treasury not incl. in amount reportedjoutstanding above.
$458,000 were held in the sinking fund on June 30 1914. Bonds card 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 19141are
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 thelothertobligationsitolbelsecured thereby.
V. 98, p. 1608.

SEPT., 9 I 4.

ELECTRIC RAILWAYS

Dividends.
-On present 2d pref. (formerly "pref."), in 1905, 254%; in
1906, 5%; in 1907, April, 2%; none to Oct. 1909, when 2% was paid;
1910 April. none; Oct., 1%. In 1911 and 1912. 5%. In 1913. April,
2344: Oct., 2%. In 1914, April, 2;4%; Oct.. 2;5%•
E RNINGS.-For 12 mos. ending June 30 1914, gross, $2,279,272; net,
after taxes. $937,135; interest, $290,455; sink. fund. $35,012; balance,
$611,668.
ROAD.
-Owns and operates 64.6 miles of track in the city of Dallas and
suburbs. 204 cars. Standard gauge.
OFFICERS.-Pres., Marshall M.Phinney; V.
-Ps., Robert T. Paine 2d,
Robert Haydock and B. A .Pratt; Treasurer. Henry B. Sawyer: Secretary,
Chester M. Clark. Gen. Mgrs., Stone & Webster Mgt. Assn.
-V.89. p.
41, 224, 778; V. 91, p. 945; V. 93. p.871; V. 94. p. 416. 910; V.95,p.113.
1472, 1541; V. 96, p. 1772; V. 98. P. 839, 1608
'
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. 463.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date,
$2,000,000
Common,$2,000,000 ($100)-1.000,000 June'14,1%
Pt.31.000.000.6% cum ($100)
2,000.000 Jan 1 1937
First mortgage sinking fundl 1907 5 g J-J
$3,060,000 (S1,000)gc*&rtf Int. at, Old Colony Trust Co., Boston, Trus.
400.000 Apr 1 1916
8 A-0
2d mtge. $500.000 ($1,000)-t 1911
310000
Den & Sher first mortgage,( 1902
5 J-J
1 1927
(31.000)----f Int. at Harris Trust & Say..Bk., Chrc.. True.
33 .
185.000 April 1 1916
Den & Sher second mortgage 1911
6 A-0
tf Int. at Western Tr.& Sav. Bk., Chic., Trus.
$185 000 ($1,000)
Bonds.-01'the $3,000000 eras Tree. 1st M.,$1.000,000 is reserved for
future impts. and extensions. Bonds can be called at 110 and accrued int.
on any int, date upon 30 days' notice. A sinking fund of 5% of gross earnings began July 11912. to be used in the purchase of bonds; $59.000 held
In sink. fund. Texas Trac. 2d M. bonds can be called on any int. date at
par and int. Den.& Sher. 1st M.bonds are subject to call on July 1 1917,
or after, at 105 and int. A sinking fund began July 1 1905 of 2% per annum of bonds out until 1913, when amount payable is 3% per annum until
1917; from 1918 to 1922. incl., 4% per annum; 1923 to 1926. incl•. 5% Per
annum. $62,000 are held in s. f.
Dividends.-Initial div.on pref.-1% %-paid Mar.15 1911;July. 15.3%;
Nov., 114 %; none since until Mar. 1914. when 134% was paid. June
1914, 1;5%•
EARNiNGS.-For year ending Dec.31 1913. gross,$720,926; net.$297,432; int., taxes. &c.. $181,819; surplus, $115.613. In 1912. gross, $608.649; net. $234,954; int., taxes, &c., $178,692; surplus, $56,262.
ROAD.-Operates an interurban line between Dallas and Denison,79.84
miles, of which 3.45 miles are over tracks of Dallas Consolidated St. Ry..
2d main track, sidings and turnouts, 5.76 miles, and local street car lines
in Sherman, Denison and McKinney. Tex., incl., sidings, &c. 9.77 miles;
total mileage. 95.37. Gauge 4 ft. 8.64 in. 70-80-1b. "T" rail. 56 cars.
OFFICERS.-Pres., J. F. Strickland; V.
-Ps.. Osce Goodwin, J. fi.
Heard, W. R. Brents; Treas., H. I. Gahagan; Sec.. Jas. P. Griffin: Gen.
-V.84. p. 627; V. 87, p. 98; V. 88. p. 824;
Mgrs.. J. F. Strickland Co.
V. 92, p. 463, 1567; V. 93, p. 1192. 1535.
-A trolley road.
SOUTHERN TRACTION CO.
ORGANIZATION.-Incorp. on Mar. 27 1912 in Texas. A new line
from Dallas to Waco (about 100 miles) was put into regular operation on
Oct. 18 1913 (V. 97. p.1205 1116). The branch from Dallas to Corsicana
(34 miles) was put in o,peration Jan. 1 1914.
Has taken over the Waco Street Ry. Co., which company had acquired in
1911 the Citizens' Ry. Co. Owns and operates entire street railway business in Waco. Also owns real estate 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. p. 968. The Southern Traction Co. then.increased the auth.
amount of its first mtge. from 37,500.000 to $10,000,000.
On Feb. 1 1913 acquired physical properties of Corsicana Transit Co., a
3;4-m11e street railway.
In May 1912 entered into a 50-year contract with the Texas Power &
Light Co., under which the latter company will supply all the power for
the Southern Traction Co.'s lines. V. 94. p. 1567.
In Nov. 1911 subscriptions were received at $85 per $100 share for 7%
pref. stock; payments to be made 10% on demand. 30 days after construction has commenced, remainder in 10% installments as called at least 30
days apart. V. 93. p. 1164.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common. $5.000,000 ($100).- -$5,000,000
Pf,$2.500.000($100)(See text
2,000,
First mtge,$10,000,000. gold 1912
5 g J-D 1 6,000,000 June 1 1942
c*tf)Int. at St. Louis Union Tr. Co., St. L., Trus.
($1.000)
Second mortgage,$500.000 tff 1912
500.000 June 1 1942
5 J-D 1
c* Int. at St. Louis Union Tr. Co.,St. L., Trus.
($1,000)
tock.-Pret. stock is 7% cum. from one year after road is in operation.
Bonds.
-Remaining $4,000,000 1st M. bonds are for extens. and impts.
under certain restrictions. Both 1st and 2d Mtgs. subject to call at 10234
and int. on any int. date on or after June 1 1915 and also for sinking fund on
or after Oct. 1 1918 at same price. Bonds to be held alive in sinking fund.
Sinking fund of 1% per annum of bonds out begins in 1918. V.95. p.421.
Interest is payable at office of trustee or in New York.
ROAD.
-Owns and operates 163.5 miles from Dallas to Waco. Tex., and
from Dallas to Corsicana, which includes the line from Dallas to Waxahachie, 31 miles. Also owns and operates the following local lines: Waxahachie. 3.7 miles; Corsicana, 3.3 miles: Waco, 20.4 miles; total owned and
operated, 190.9 miles. Rails, 70 and 80-lb. "T" rails. Cars, 22 interurb.
passenger motors; 12 trailers. 6 express cars; 2 work cars; 39 city cars.
Total, 81 cars. Operated by overhead trolley; power furnished
by Texas
Power & Light Co.
OFFICERS.-Pres., J. F. Strickland; V.
-Ps., Osce Goodwin, C. W.
Hobson, J. Lee Penn, F. N. Drane, W. J. Neale;
Sec., Jas. P. Griffin; Asst. Sec., W. H. Painter. Treas., H. I. Gahagan;
-V. 94. p.
V.95. p. 421. 968, 1274; V. 96. p. 286; V. 97,p. 1116, 1205. 1187; 1567:

DANBURY, CONN.

43

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 com. stock.
V.92, p. 1178.
STOCK AND BONDS- Date,
Interest. Outstanding, Maturitt
Common,$2,400,0 ($100)_00
Q
-M
32,400,000 June'14.2 0
Preferred, $600,000 ($100)--6 Q-M
600,000 June'14,134
Bond issues have been paid off.
Dividends.
-6% per annum is being paid on pref. On common in 1900
to 1903. encl., 6%,• also 16 2-3% (16250,000 in new stock at par or in cash),
declared Nov. 1903. paid Jan. 1 1904; in 1904,6%;in 1905,654%; 1906 to
1910„incl., 7% per annum;_ in Feb. 1907 paid a special dividend of
..
5%
and special div. of
,,Jan., 1,1%;
9• 64• r•(see a ove); July. 13/%; Oct.,April, 1;1%
7
.09 1- 1 159ut in 1911
4
,
134 %; in 1912, Jan., 13i;a• In
Mar. 1912 began paying diva. Q.
-M. instead
-J.
1 X %;June,2%;Sept.,2%;Dec..2%. In of Q. and on Mar. 1 paid
1913,8%. In 1914,Mar..2%;
June,2%.

r

EARNING/I.-For calendar year 1912, gross, $659.844; in 1911.
grew.
,
$652.125; in 1910. gross. $633,565; in 1909, gross, $575.822.
ROAD.
-Controls and operates in all 36.85 miles of track, namely: Third
Street Line, Fifth Street Line, Green Line,
& Soldier's Home Line. Gauge 4 ft. 8;4 Kammer Ave. Line and Dayton
rails 70 and
-lb. T and
70 and 90-1b. girder; operating 42 G. E. 67in.: 50G. E.800 80
and
motor equipments; 100 motor cars, 10 trailer cars and 3 sprinklers.
OFFICERS.-Pres.. E. D. Grimes; 1st V.
-P., C. B. Clegg; 2d V.
-P.
E. J. Barney: 3d V.
-P.. G. G. Shaw; Sec., M.Hall; Gen. Supt. &
Agt., T. E. Howell. Office, Western and Auburn Ayes., Dayton. Purch.
-V.83.
1590; V. 92, p. 1178, 1564.
P.
DAYTON COVINGTON 6c PIQUA TRACTION.
-A trolley road.
ORGANIZATION.
-This was formerly known as the Dayton & Tru_T
Traction, but name changed to the above in Aug. 1901. The D. & T.
Traction VMS 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
right to use the tracks of the People's By. in entering city of Dayton. the
On Jan. 11 1913 the P. S. Comm. granted permission to issue $40.000
1st M. 5% bonds.
STOOK AND BONDS- Date,
Interest. Outstanding. Maturity.
Stock auth, $600.000 ($100)$600,000
Prof. 5% n-c, $550,000 ($100)
550,000
First mortgage, $550.000, gç 1902 5 g A-0
490,000 April 1 1922
($1,000)
c*-ntf Int. at Old Colony Tr. Co., Boston, Trustee.
Second mortgage, $60,000_nt ____
6 g M-S
60.000 Sept 1 1919
Bonds.
-$100.000 1st mtge. bonds are reserved
extensions and improvements; 2d mtge. bonds are subject to call on for int. date at 105.
any
EARNINGS.
-For year ending June 30 1914. gross, 3153.870; net,
$53,370; interest and taxes. $40,639; surplus, $12,731.
ROAD.
-Total track 38 miles.
lb. girder rails. 10 passenger cars.Standard gauge. 70-lb. T,80 and 90
2 express cars and 5 other cars.
OFFICERS.-Pres., D. Dwyer; V.
-P.&(len. Mgr.. Thos. T. Robinson
Supt., T. J. Brennan.
-V. 77, P. 148.
DAYTON Sy TROY ELECTRIC RY.-A trolley road.
ORGANIZATION.-Incorp. 1900. Is built on both public and private
right of way. Completed in Dec. 1901, Rails, 70
-lb. T. Power house
located at Tippecanoe City. Ohio. Stock, $500,000 ($100) corn. auth. and
issued and $800,000 MOO) 5% cum. pref. auth.; $645,600 issued. Ohio
Public Service Commission has granted permission to issue 3300.000 5%
cum.pref.stock ($145,200 issued) to pay outstanding bills for impts. already
made; V. 95, p. 1744. No bonds contemplated. In May 1902 took over
Miami Valley By.under 99
-year lease at a rental of$9,600 per ann., which is
applicable to stock of $300,000. mortgage having been canceled.
Dividends.
-On the pref. stock 5% per annum is being paid. On corn.,
Jan. 11904. 2%;in 1905,6%;in 1906. 6%;in 1907 2%•. in 1908, none: in
1909.5%;in 1910. 6%:in
Mar..
in 1912. Mar 13%. In 1913
1
.4%; Dec.. 151,%• In 1914..Tune, 1;1%.
1911.
Sept"
EARNINGS.
-For calendar year 1913. gross. $298,514; net, 3960133;
deductions, $41,729; divs., $50.918; Burp., $3,786. In 1912, gross. $286.935: net, $82,181; deductions, $30,146: divs., $36,500; surplus. $15.535.
ROAD.-Owns and operates 36.41 miles of track (13.12 m.double. 18.25
miles single, 6.04 miles sidings) between Dayton and Troy. Leases the
Miami Valley Ry., extending from Troy to Piqua and comprising 13.88
miles of track. Total track, 50.29 miles.
OFFICERS.-Pres.. H. P. Clegg; V.
-P., Chas. B. Clegg; Sec., L. 0.
Clegg; Treas. & Gen. Mgr., R. A. Crume; Aud., F. Sprague. General
office, Tippecanoe City, Ohio.
-V.94, p. 123; V. 95, p. 1744.
DAYTON SPRINGFIELD & XENIA SOUTHERN RY.-Trolley.
ORGANIZATION.
-Incorporated in 1909 as successor to the Dayton &
Xenia Transit Co., sold at foreclosure. Stock, auth. and outstanding,
$200,000 coin. and $300,000 pref. Par $100. 1st M. auth. and issued,
$500.000. Earnings for year ending June 30 1911, gross, $149.383; net.
$37,877; interest and taxes, $33,334; surplus, $4,543.
ROAD.
-Owns and operates 40.47 mlles of track from Dayton to Xenia
and from Dayton to Spring Valley. Pres., C. J. Ferneding; V.
-P., T. A.
Ferneding: Sec. & Treas.. H. L. Ferneding, all of Dayton.
-V.89, p. 285.
OAKWOOD STREET RAILWAY CO.
-A trolley road.
ORGANIZATION.
-Incorporated July 22 1870 in Ohio. Franchise ex
plres 1941. In Oct. 1909 the Ohio Supreme Court held the franchise valid
over the objections of the City Solicitor. Stock auth. and outstanding.
$500.000 (par $100). No bonds. Operates 8 miles of track in Dayton and
suburbs. Standard gauge. Pres. & Treas., Charles B. Clegg, Dayton;
Gen. Mgr.. Henry Gebhart, Dayton.

DECATUR, INDIANA.
FORT WAYNE & SPRINGFIELD RAILWAY CO.
-A trolley road.
Receivership.-On Sept. 14 1912 passed into the hands of a receiver. Up
to date of receivership mortgage interest was paid.
On Feb. 3 1914 Judge Edward O'Rourke. at Fort Wayne, ordered the
sale of the property, the minimum bid to be $200,000.
ORGANIZATION.
-Incorporated July 2 1903 in Indiana. V. 86. P.
1012. Private right of way between Ft. Wayne & Decatur. Franchise for
50 years In Decatur, 28 years in Ft. Wayne. See V. 89. p. 162.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common 31,000,000($100)_ _ _ _ _ - _
F
$676,300 See text
First mortgage 31.000.0001 1910 5 g -A
A-0
209.000 April 1 1930
gold ($500)
c* Int. at Cleveland Trust Co., Cleve., Trustee.
us
Bonds
.-Are subject to cal at 105 on any interest day.
DivIdends.-In 1907. 2%;in 1908. 4%;in 1909, 4%;in 1910. (7).
EARNINGS.
-For year ending Dec. 31 1913, gross. 353.389; net, after
taxes, 32,115.
ROAD.
-Operates 21.6 miles between Decatur and Ft. Wayne. Total
track, 23.7 miles. 70-lb. T rail; gauge, 4 ft. 814 in. An extension from
Decatur to Berne (12 miles) is being constructed.
OFFICERS.-Pres.& Mgr.. W. H.Fledderjohann; V.
-P., B. A. FledderJohann: Sec.. John H. Koenig: Treas.. Chas.
V. 89, p. 162: V. 90, p. 1101; V. 98, p. 522. Dirkson.-V. 86. p. 1042:

DANBURY & BETHEL STREET RV.
ORGANIZATION.-Incorp. May
under the laws of Connecticut.
Has a perpetual special charter, the 7 1886
only street car company serving th,,
city of Danbury and town of Bethel. Its lines also extend to the Danbury
Fair Grounds and the pleasure resort of Lake Keno.sla.
STOOK AND BONDS- Date.
Interest. Outstanding. LastDiv.0.4c.
Stock. $623,000 (par $25)---- ---J-J
$320,000 Jan '12. 2%
Consol mtge. $300.000, gold> 1906
5 g M-N
300.000 May 1 1936
($500 and 31.000)
Int. at American Trust Co., Boston, Trustee.
Debenture bonds, 375.000> 1908 6 M-S
75,000 Mar 1 1918
($1,000 and $500)
c Int. at City National Bank of Danbury.
Debenture bonds. $150.000-- 1911
75.000 Jan 1 1921
-The 1908 dubs. are red. at 105 on any int. date after duo noBonds.
tice. Of the 1911 debs., $75,000 are reserved for like amount of debs. of
1908.
Disiderids.-In 1896-97, 4%; in 1897-98, 4%; in 1898-99, 2%; in 18991900. 134%; in 1900-01, 154 %; in 1901-02, 3%; In 1902-03, 3%; in
1903-04. 1,14%; 1907 to 1911, incl., 4% ann.; in 1912. Jan., 2%: none
since to Jan. 1914.
-Trolley road in Danbury, and from Danbury to Bethel, and to
ROAD.
Lake Kenosia, 15.031 miles in all; sidings, &c., 1.044 miles; total, 16.075
DELAWARE, OHIO.
miles. 42 passenger and 7 other cars. Standard gauge.
REPORT.-For,year ending June 30:
COLUMBUS MAGNETIC SPRINGS & NORTHERN:RV.
Gross.
Net.
Int.&Taxes. Divs.
Bal.. sur.
ORGANIZATION.
-Incorporated in Ohio on Oct. 15 1906, and is a
1912-13
$139,533
$35,594
831,910
33.684 consolidation of the Delaware &
Magnetic Springs Ry. and the Richwood
1911-12
138,023
40,029
31,814
6.400
1,815
OFFICERS.-Pres.& Gen. Man.,John Sanders; Sec.& Treas.,S. W.C. & Magnetic Springs By. Private right of way except in City of Richwood.
Road out of business from March flood to July 19 1913.
Jones.
-V. 86. p. 1159.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,S200.000($100)---3130.000
DAYTON, OHIO.
Pref. 6% n-c, $200.000______
100,000
mg&N let
CITY RAILWAY CO.
-A trolley road.
$400,000,g{ 1996
5 g M-N
250,000
ORGANIZATION.
-Chartered May 12 1893. Is a consolidation of the
(31.000). cannot be called, Interest at Colonial Trust Co..Nov 1 1931
Pittsburgh,
Dayton Street RR., the Dayton & Soldiers' Home RR.. the Fifth Street
and no sinking fundc*tf
Trustee.
RR. and the Green line. Franchises run for 50 years from Feb.8 1892 and
EARNINGS.
-For year ending June 30 1914. gross,
April 19 1893.
$23,050; oper. exp.,
$20010; net, $3,050; taxes, $2,325; net, after taxes,
$725.




44

ELECTRIC RAILWAYS

[VOL. xcnc.

$6,000,000
-Operates 18 miles of track from Delaware to Magnetic Springs 000.000 1st & Coll, bonds of this co., and its only liability beingpayment of
ROAD.
of its capital stock outstanding in the hands of the public, the
and Richwood.
by the Denver Tramway Co.
-P. and Treas.. CL its bonds having been assumed
OFFICERS.-Pres., W. M. Galbraith, Pitts.; V.
Maturity.
STOCK AND BONDS.- Date. Interest. Outstanding.
Magee Jr., Pitts.; Sec., Chas. J. Fifer. Richwood.0.-V.83, p. 1228, 1469. Stock $6.000,000($100)-----Q-J 10
$6,000.000 July'14. 1%
-see above).
First and collateral mtge(assumed by Deny.Tram.Co.
DENVER, COL.
-Prior to July 1909 dividends were at rate of 6% per annum.
Dividends.
In July 1909 quer. div. was increased to 2% and same amount paid quar•
DENVER TRAMWAY CO.
-Incorporated in Colorade in Jan. 1899 for 50 years terly to July 1913. In Oct. 1913 rate was reduced and 1% was paid
ORGANIZATION.
1%; April, 1%; July, 1%.
and on March 31 1914 acquired by purchase all the railway properties and (V. 97, p. 1115). In 1914, Jan.,
franchises of the Denver City Tramway Co. (which previously took over
-V.94.p.413. 1383.1763; V.96,p. 1863. 1628; V.97. p.236.
INDEX.
the Denver Tranway Power Co.) and the Denver Tramway Terminals Co.. 298. 594. 1115: V.98. lo 1071 1156
.
obligations of these Timo-P. & Gen. Supt., John A. Beeler;
OFFICERS.-Pres., S. M.Perry; V.
and has assumed all the funded debt and other &
Northwestern Ry. in Sec. & Treas., F. G. Moffat; And., W. A. Doty.
panies, as per plan under caption of "Denver
p. 1156. Owns all the $500,000 stock of the unbonded Consolidated
V. 98.
which in turn owns all outstanding bonds and
Securities & Investing Co.,
stock of the Denver & Inter-Mountain RR.. which company see below.
DERRY, PA.
The Denver & Northwestern Ry. owns $9,000,000 of the common stock
WESTMORELAND COUNTY RAILWAY CO.
of this (the Denver Tramway) company. V. 98, p. 1071, 1156. Com-Incorporated in Pennsylvania on Dec.27 1904. Is
ORGANIZATION.
prises the entire street railway system of Denver. Is owner.by purchase
and consolidation, of following companies,formerly operating in and about a consolidation of the Bradenville & Derry Street By. and the Blairsville &
Denver: The Denver Electric & Cable By., the Denver Tramway Co., the Derry Street Ry.
Interest. Outstanding. Maturity.
South Denver Cable By.. the Denver Tramway Extension Co.,the Denver
STOCK AND BONDS- Date.
Consolidated Tramway Co., the Metropolitan Ry., the Denver City Cable Stock.$500,000($50)
$500,000
208,000 Mar 1 1935
By.. the West End Street RR., the Denver City Traction Co. and the First mortgage, $250,000. gj 1905 5 g M-ll
Colfax Electric By. Company's central generating plant (formerly owned
&lint. at East End Say.& Tr. Co.,Pitts.,Trim
$100)
by the Denver Tramway Power Co.),situated on tlie Platte River at Four-No sinking fund, and bonds are not subject to call.
Bonds.
teenth St. in Denver, has a normal capacity of 9,500k. w. Owns five sub-For year ending June 30 1914. gross. $49.524; net.
EARNINGS.
stations, two of 1,500k. w. each,two of 1,000k. w. and one of 900k. w.
$14.978; int, and taxes. $13,868; surplus, $1,110.
-The general franchises under which The Denver City TramFranchises.
-Operates 7 miles of track.
ROAD.
way Co.operates its lines within the City of Denver are a franchise author-Ps., F. Wm. Rudell and J. A•
izing it to operate and maintain cable and electric railways granted Feb. 5
OFFICERS.-Pres.. John E. Potter; V.
1885, covering all its present lines within the city-substantially 202 miles. McComb;Sec.,H.S.Calvert; Treas.,J. G.Vilsack, all of Pittsburgh; Supt.'
-V.82, p 50.
Also operates under a 20-year grant, voted by the tax-paying electors S. F. Schwerdt, Derry.
of the city in May 1906. which authorizes it to maintain three-rail tracks,
gauges 3 ft. 6 in. and 4 ft. 8% in., over all its present lines within the city
and permits the construction of certain viaducts and extensions. See deDES MOINES, IOWA.
cision in V.84. po. 220. Under decision of the U. S. Circuit Court of Ap-A trolley road.
DES MOINES CITY RAILWAY CO.
peal on Nov. 11 1912 the franchise of 1885 was held valid, the Court deciding that in view of the franchise of 1906 it was unnecessary to pass upon
In March 1911 N. W. Harris of Chimgo acquired practically all the
duration of the older franchise at that time. The company claims
that stock not previously owned by him of the Des Moines City By. Co. and
the
of its allied corporation, the Inter-Urban By. Co. V. 92, p. 794.
its franchise is perpetual. See decision in V. 95. p. 1472.
-A consolidation in 1893 of the Des Moines St. RR.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Co. and the Des Moines Suburban By. Co. Is authorized to carry freight.
_
Common stock $10,000,000_
$10,000,000
-On March 22 1913 the Supreme Court of Iowa, reFranchise Decision.
See text
$3.000.000(7% cum)_
Pref stk
2,500,000 Apr 1 1919 versing the decision of Judge Applegate of the Dist. Court of Dallas Co. on
Cony gold bonds $3.000.00(7 1914 6 g A-0
Dec. 2 1910(V.91. p. 1574), held that the company's franchises under the
gold (MOO,$500 & $1.000) Int. at Columbia Trust Co.,N.Y.City.
NW By 1st & coil M 1902 5 g M-N
980.020 May 1 1932 Turner ordinance of Dec. 10 1866 expired Jan. 1 1898. instead of being perDeny &
the company. The company has
$6,000,000 ($500 and{Int. at Bankers Trust Co.. New York. petual, as claimed by negotiate with the city for a new been granted two
years within which to
franchise or to disc*( trustee; ao office of co. in Denver.
also
notice.1,0)
pose of its property. See V.96. p.947. On Feb. 28 1914 the Illinois Trust
int. on 90 days'
ed.at 105 and
of Chicago, as mortgage trustee, brought suit in
Den City Tr Co 1st & ref M 1908 5 g M-N 11,172,500 Nov 1 1933 & SavingsBank restrain the city authorities from ousting the the U. S.
company
Int. at Bankers Trust Co., New York, District Court to
$25,000,000g
from the streets on the ground that. the company is operating under a
trustee, and in Denver.
$1.000) sinking fund_ -c*tt
V. 98,
2,000,000 Apr 1 1919 perpetual grant from the city. By. Co.p. 763. bonds, prin.
Deny City Tram purchase 1899 5 g A-0
1st M.
and int. See
Guarantees the Inter-Urban
money mtge g $2,000,000 Int. at Central Trust Co., N. Y., trustee.
below.
$1.000)__c tf
($500 an
Interest. Outstanding. Maturity.
1.167.000 Oct 1 1933
STOCK AND BONDS- Date.
Deny Cons Tram cons mtge 1893 5 g A-0
$1,055,000
ntf Int. at Bkrs Tr•Co..N.Y.,trustee& in Denver Common.$3,000.000 ($100) 84,000,000 gold
250,000
1.169,000 Apr 1 1923 Prof,6% non-cum,$250.0005 g A-0
Deny Tr Pow 1st hunt mtge( 1903
227.000 Oct 1 '14 to
($1,000) gillInt. at Internat. Tr. Co.. Denver, trustee, Des Moines Street RR lstM.J 1889 6 g A-0
$1 500,000
(See text)
•
Oct 1 1919
ntf
or Guaranty Trust Co.. New York.
gold ($1,000 each)
es
principal and interest _..tt
Cont.&Comm .Tr.&Sav .Bk .,Chic..trustee.
See text
5 g M-S
1.333,000
Deny Tr Term 1st mtge $1,- 1910
260.000 Jan 1921
& $1,000){Interest at Bankers Trust Co., N. Y., trus- Des Moines Sub By 1st mtge, 1890 6 g J-J
500,000 g ($100
gold ($1,000 each)--c*-ntf Interest at Chemical Nat Bank,N Y City.
( tee, and in Denver.
c*tf
guar prin & int
Trustee.Iowa Loan & Trust, Des Moines,
-$9,000,000 common owned by Denver & Northwestern By. and Des Moines City By
Stock.
ntt 1893
6%
4.000 May 1 1923
$750,000 is held for conversion of Deny. Tramway cony, bonds,the remain- Des Moines City By refund' 1901
5 g A-0
2.413,000 April 1 1921
set aside for expenses of organizing Denver Tr. Co.
ing $250,000 being
mtge
. 33,000,000, gollInt. at Harris, Forbes & Co., N. Y.• also
Preferred stock is reserved for conversion of bonds.
Harris Tr.& S.13k.. Chic. Trustee.Ill. Tr.
c*-ntf
($1.000)
& Say. Bk.and Wm.H. Henkle of Chic.
Bonds.-Conv. bonds are red, at par and accrued int. on Oct. 1 1915 on
90 days' notice. Convertible on or after Apr. 1 1915 until Apr. 1 1918.
-Of the refunding mtge. bonds of 1901, $496,000 are reserved
Bonds.
but not thereafter, into an equal amount of 7% cum. pref. stock, accom- to retire the underlying 68 outstanding. Of the $2,413.000 58 reported
panied by common in amount equal to 25% of the face value of the bonds outstanding. $165.000 are in the treasury and $5.000 have been deposited
converted. The Denver City Tramway Co., prior to the sale of its prop- with Illinois Trust & Savings Bank to be held in lieu of the $4.000 Des
erties. executed a mtge. upon all its physical properties (other than those Moines City By. 84 still out. Bonds can be called on any hit, date at 106
formerly belonging to the Denver & Northwestern By. Co.) junior to the and int. Sink. fd. $10,000 yearly on April 1 from 1906 to 1910. 115.000
,
lien ofits First& Ref.S.F.Mtge. as additional security for the ($6,000,000) from 1911 to 1915 and $25.000 from 1916 to 1920. The remaining bonds
First & Collateral bonds of the Deny. & Northwestern Co., the payment may only be issued to pay for not exceeding 80% of cost of extensions, proof which Northwestern bonds the Denver Tramway Co. has assumed. viding net earnings are 50% in excess of interest charges upon all bonds
Denver City Tr, Co. 1st & Ref. bonds are red. at 105 & int. after 1913 outstanding, including those to be issued. The Des Moines Street RR.
up to Nov. 1 1923: thereafter at 1023-i & int. on 60 days' notice. Sinking 1st M.8s are due $25,000 annually from Oct. 1 1914 to Oct. 1 1918 incl.
fund of 1% of bonds out begins Nov. 1 1914 until and incl. Nov. 1 1923; and $100,000 due Oct. 1 1919.
thereafter 2% of bonds out. The Deny. Tr. Pow. Co. 1st Impt. Mtge•
-For year ending Mar. 31 1914, gross, $1.317,143; net.
REPORT.
bonds are subj. to call any int, date at 105 and int., sinkingfund of $50,000 after taxes, $393,934.
per annum,to retire bonds at 105 and int., commenced in 1908. and $283.-Operates 95.15 miles of track. 35 to 129-1b. rails. 137
ROAD.
re000 have been retired. Int. payable in New York and Denver. The
passenger and 17 service cars.
maining Deny. Tram. Term. Co. bonds are for impts. They mature
OFFICERS.-Pres.,Emil G.Schmidt; Sec.,0.11. Bernd; Treas., F. M.
$60,000 annually Sept. 1 1916 to 1940. Red. as a whole on any int. day
-V.86,p.546; V.88,p. 1313; V.89,p.224;
Harris; Asst.Sec.,E.P.Smith.
at 105 & int. on 30 days' notice. V. 98. p. 1156.
for years ending V.91,p. 1574; V.92,p.794; V.93,p.407.588; V.95,1).818; V.96,P. 9471
-Of combined system before consolidation
EARNINGS.
V. 98, P. 763Dec.31:
*Fixed
Sink.Fund
-A trolley road.
Surplus.
INTER-URBAN RAILWAY CO.
Net . Pow.Bonds. Charges.
Gross.
$3.328,574 $1,555,480 $12,500 $1,166,737 $377,777
-Incorporated In Iowa to construct a system of
ORGANIZATION.
1913
1,127,040
531,431 Interurban roads connecting with Des Moines. The Des Moines City By.
50,000
1,708,472
3,422.372
1912.542,210 Co. guarantees the bonds, principal and interest.
1,094,943
50,000
1,687,153
3,421.854
1911
670,073
1,015,834
50,000
1.735,907
3,595,158
1910..
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
703,359
941,940
50.000
1.695.299
3.374,133
19094 ___ -----$1,180,000
i tock il.2 e , sin 1 )
Sot mortica00.(XlOgn00fund;
. ,
-On Dec. 14 1910 a destructive fire destroyed the main shaft and
Note.
5 g A-0
1901
1.160,000 April 1 1921
workings of the Leyden mines, which were then producing 1.000 tons per
te
gold ($1,000). guaraned Cont.& Comm.Tr.& Say.Bk.,Chic., Trus.
day. This resulted in a loss of all the freight business and much passenger
D.& I. by Des Moines City Int. at Harris, Forbes & Co., New York,and
New fireproof shafts were placed in
business during all the year 1911.
c* ntf
Harris Trust & Savings Bank, Chicago.
1'
operation, with largely increased caioacity, on Apr. 22 1912.
V. 95, p. 818: V. 98, p. 947.
Trusteb 1 1923
* Fixed charges include taxes and franchise payments.
Debentures,$350.000($1.000{ 1913 6 J-J
Sa1v2.5130k.0.0.
and $500)
ntf Int. at Harris Tr,&
-Owns 231.52 miles of electric track, of
ROAD AND EQUIPMENT.
-Other bonds may e issued for acquisitions and extensions at
Bonds.
lines and 28.45 miles of interurban lines;
which there are 203.07 miles of city
-lb. rail. 245 motor passenger cars 141 trailers, not over 80% of cost and at not over $16.,100 per mile for new road, but only
gauge 3ft.6 in.; 65 and 72
'
65 misc, cars, total 451 cars. Also owns 103 freight cars. All freight when net earnings equal 1% times all int, charges on bonds out and those to
be issued. Bonds are subj. to call at 105 and int. A sinking fund of 5%
equipment leasedto Denver & Inter-Mountain RR.Co. V. 98, P. 1993.
of bal. of annual net earns., after payment of all charges, became operative
(1) Denver & Inter-Mountain RR.
April 11906,and bonds so purchased are to be kept alive for purposes of the
Securities & Investing Co.
Controlled by the Consolidated
fund; $14,000 is held in sinking fund ,included in amt.outstanding above.
-Incorporated in Colorado about Oct. 29 1907 as Debentures are red, on any int, date at 101 and int.
ORGANIZATION.
EARNINGS.
-For year ending
Inter-Mountain Ry., but on April 2 1909 changed name to present title.
perpetual. taxes. $95.827. In 1912. gross, Dec. 31 1913, gross,$331,264; net, after
Private right of way. Franchises in Denver and Golden are
$299,819; net, after taxes, $84,300.
ROAD.
-Operates 74.76 miles of track (inch sidings)
passenger arrangements with Denver Tramway Co. for interchange of
Has
also has contract for use of tramway co.'s Moines and Colfax, Des Moines and Perry, with branchconnecting Des
to Woodward.
transfers on Denver City lines:
tracks in entering Denver. Has freight traffic agreements with Denver Standard gauge; 60 and 70-1b. T rail. 12 pass.. 132 freight, 5 service cars;
4 locomotives; 2 express and 2 caboose cars. Cars enter Des Moines over
Tramway Co.
Interest. Outstanding, Maturity. tracks of Des Moines City By.
STOCK AND BONDS- Date.
$1.000,000
OFFICERS.-Pres., Emil G.Schmidt; Sec., 0,11. Bernd;Treas.. F. M.
Stock, $1,000,000 ($100)---500.000 Jan 1 1938 Harris.
-V. 74, p. 680.
-Mountain Ry,1st mort-{ 1908 5 g
Inter
Interest at Continental Trust Co., Denver,
gage, gold, $750,000 ($100
Trustee, or Bankers Trust Co., New York.
Ci tf
And $1,000)
after 1913.
DETROIT, MICH.
Bonds are callable at 105 on any interest day
to
DETROIT UNITED RAILWAY.
-Trolley.
-(See Map page 45.)
-Operates from Denver to Golden and from Barnum Junction 2d
ROAD.
track, 15.25 miles; total track, incl.
ORGANIZATION.
-Incorporated in Michigan Dec. 31 1900 and took
and around Barnum Loop. Main
-lb. T rail. Stand- over franchises and properties of the Detroit Citizens' Street Ry.. the Deand 80
leased track and sidings, 24.13 miles. 40,75
and
troit Electric By..the Detroit Ft. Wayne & Belle Isle and the Detroit Subard gauge.
-P. & Asst. Sec., urban. V. 72, P. 44, 183. Embraces all the street railway lines in Detroit.
V.
OFFICERS.-Pres. & Gen. Mgr., Wm. G. Smith; 207; V.97. p. 1203
Later absorbed by purchase the Detroit & Northwestern By.. which is
-V.94, p.
A. C. Montgomery; Treas., F. G. Moffatt.
known as the Orchard Lake division, the Detroit 8c Pontiac By., known
V. 98, p. 1156.
own
as the Pontiac division. the Wyandotte & Detroit River Ry., known as the
Wyandotte division, and the Detroit & Flint, formerly the Detroit Roches
company.
t& Romeo & Lake Orion Ry., and known as the Flint division.
DENVER & NORTHWESTERN RY.-A holding
Owns entire capital stock of the Detroit & Port Huron Shore Line (Rapid
1913 a syndicate headed by Boettcher.
-In Mar.
ORGANIZATION,&e.
through purchase of Railway System); Sandwich Windsor & Amherstburg By. (acquired in
Porter & Co. of Denver acquired a controlling interest
Line By. (acquired in Feb.
J. Perry of Providence, Aug
the stock (about $1.600.000) held by Marsden75% int. V. 96. p• 863. 1906)1901): Detroit Monroe & Toledo Short
and the Detroit Jackson & Chicago Ry. The last-named is a reabout a
this purchase making its total holdings
is simply organization of the Detroit Ypsilanti Ann Arbor & Jackson By., the JackThis company, since the plan in V.98. p.1156, went into effect,,
Plymouth & Northville By.,
a holding company, practically its only asset being the $9,000,000 common son Ann Arbor & Detroit By. and the Detroit
stock of the Denver Tramway Co.. which is pledged as security for the $6.- which were acquired in Jan. 1907.

1




SEPT., 1914]

ELECTRIC RAILWAYS

45

MAP OF THE

DETROIT UNITED RAILWAY SYSTEM

0

INCLUDING
Applega

DETROIT & PORT HURON SHORE LINE RY.
(RAPID RAILWAY SYSTEM)

Croswe

SANDWICH, WINDSOR & AMHERSTBURG RY.
THE WINDSOR & TECUMSEH ELECTRIC RY. CO.
DETROIT, MONROE & TOLEDO SHORT LINE RY.
DETROIT, JACKSON & CHICAGO RY.
)P
s

mad9;

Blaine
Atkins

Melvin

Cliff?rd

all
Burns
Carlton
Idlewild
SumerA le
c L villR
ST.
The Oaklan4
.4Co1.Iron Wks.
4
44,
49
cz
pnox

Wales

A

Otteo-tilke

rt Huron
It Co

7
-

Lamb

•
\

voca

Trz

Mt. Salem?
Emmett
Gthidland \

Kings Mills

RO

PORT

BrownCy
\
•
V Lynn.
\S

qt.

Fostoria

Sarnia

Yale

PERK

Stank
-cas •`•
,
"
Attica

Ottlsville
Lapeer

Imlay CIV
Martin
yr?
Berville
9.
STith's
pkiu's Road

Dryden

\
\ oc.'• °

Almont/ 4f

TRUNK

rYsville
g Island

to
r Road

\ Hunter Creek
Flint River Jc.

4
?,

Metamora
ac''
‘
+ +
5)

«,

Le,enSrd
..

oo

\ROMEO

oP

FLI NT'

\-A
62$
N

o

°

\

\

‘
,4

a:

Otterburn
MT.C4 E\MENS
eside
Duffield
GRAND

DUhLrld

• Gaines
\
Bryon

\

(
\ 0
\ Holly
Fenton • ,.....----

pie Club

A

L.

Davisburg

Linden ,„......-"-- Rose Cen.
.
I,
/
c Clyde
c
,
\
%

S

efferson Beach
Anse Creuse
ilk River

TRUNK

Drayton Plains

A

Sylvan Lak9
Cass Late

T.

I It

airview
osse Pt..

OREN A.IS
.1
,

ighland
Oak Grove

Li

V

Fowlerville

\ 0 Tosco
•

_ •t40

.1ilford
\

ARMINGTON

WALKERVILLE

Wixom
Ne%I.\ Hu son
•
Ts/
,
NORTHV1E
44ke °
Howell
South yckns
s.
P"E Brighton0
A RQ,„
Chilsou
ymouth
Pettysville
Hamburg Jc.
-Whitmore Lake
WAYN
Ha
\Sheldon
Pinckney .4 •

ilzegory

,s
1 p,
ANN ARE

S.

WINDSOR
aidsto.(
BROX

Center
Dearbor
Inkster

.Dento
‘

TRENTON
Slocum's .1 •

44,

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Stockbridge
W
Munith \

\ o

0
'
0
Lima

A

A

Waltz,

A W\

Chelse:
SALINE

•-•

•W0

Willis

•

Roots

Belden

Whittal-er
Uran'a

•
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Fredonia o
Milan

.
"ranelsco

Stony

"rass

Van lorns
JACKSON

14
4.

MONROE

olf

emit
°
ichigan Center(")

s
\

Dundee
La Sallc2
.
•

Britton

4/ s
Tecumseh
Brooklyn

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Blissfield

ADRIAN
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Palmyra

404. Riga

sou

1-1

is

TOLEDO

46

ELECTRIC RAILWAYS

In Aug. 1901 purchased 180 shares (all) of the stock of the City Electric
By. and the People's Electric Light plant of Windsor, Ont.
-At referendum election on Jan. 23 1912. the proOrdinance Defeated.
posed ordinance(V.93,P.1190) passed by the Council Jan. 16 1912,looking
to the settlement of an differences between the city and the company.
was defeated. V. 94. p• 278.
-On Oct. 2 1912 the Mich. Supreme Court,in a deciFranchise Decision.
sion affirming that of the Wayne Co. Circuit Court, held that the corn-year
pany has no right to continue to operate its cars in Fort St.. the 30
franchise originally granted having expired. The Court also holds, however, that the city may not fix an arbitrary rate of rental for the use of the
street, but has the right to compel the company to vacate streets upon
which franchises have expired. Suit was remanded to lower Court for
further proceedings. V. 95, p. 890. On April 26 1913 the U. S. Supreme
Court affirmed the decision as outlined above. V. 96. p. 1556. 947.
On April 7 1913 the citizens voted in favor of an amendment authorizing
the city to acquire by purchase or condemnation or construction, and to
own and maintain and operate street railways and to issue bonds to provide for cost thereof. See V. 96. p. 1088.
-Prof. Edw. W. Bernie, expert on
Appraisal of Company's Properly.
values of public utility properties, is to make an inventory and appraisal
of the company's property within the one-fare zone for the Street Railway
Commission. The appraisal is to be completed by Oct. 10 1914, a month
before the fall election. If the appraisal is acceptable, and a purchase price
with the citycan be agreed upon, the Commission hopes to have the question (and the bonds to be issued) submitted to the people at the fall election. See V. 99, n. 196.
-See "Michigan" in ''State
Validity of Municipal Ownership Amendment.
and City" Department, V. 98, p. 405.
--On Aug. 8 1913 the Common Council
Temporary Agreement with City.
rescinded the ordinance adopted Oct. 26 1909 fixing the rental on lines on
which franchises had expired at $300 per day, and adopted the recommendation of Mayor Marx for a temporary agreement for the settlement of
existing differences, I. e. (V. 97, p. 443):
1. A rate of fare (put into effect Aug. 15 1913) of 7 tickets for 25 cents
on all city lines, 5 cents for single cash fares with right of transfer, workingmen's tickets (unchanged) at 8 tickets for 25 cents for two hours each
morning and evening.
2. The proposed crosstown line on or near Junction Ave.,to be constructed; also connect the Mack Ave. and Myrtle Ave. lines, as proposed, and
other extensions (see V. 97. p. 443).
3. $75,000 to be paid to the city for Fort St. line privileges since July 24
1910; also to pay all back taxes. It is claimed by the City Treasurer that
the back taxes aggregate $500,000.
4. The company to be relieved of the payment of$300 per day in consideration of the foregoing.
5. The existing rights of city or the railway shall not be impaired by this
temporary agreement. V. 97. p. 443.
New Securities Applied For.-In July 1914 the company applied to the
State RR. Commission for permission to issue new securities of the Detroit
& Port Huron Shore Line Ry., Detroit Monroe & Toledo Shore Line By.
and Detroit Jackson & Chicago Ry.to provide for improvements (V. 99,
p. 269). No amount is mentioned,'but an appraisal Is requested in order
to arrive at the proper figure. This appraisal is entirely separate and distinct from that under way in the city of Detroit relative to the purchase of
the lines by the city (V. 99, p. 342).
-On Oct. 14 1913 taxes aggregating $323,592 (incl.
Back Taxes Paid,
$64,814 int. at 6%) were paid to the City Treasurer in pursuance of the
recent settlement with the city (see above and V.97, p. 443). The $75,000
for back rental on Fort St. wa.s also paid. V.97, p. 1115.
-For agreement ending difficulties with the men. see
Wage Agreement.
V. 94. p. 1507. See also V. 97, p. 1357.
STOOK AND BONDS- Date.
Interest. Outstanding, Maturity.
Stock,$12,500,000 ($100)--__ ____
Q-M 312.500.000 Sept.'14, 1
let consol mtge,$25,000.000.1 1902 4b gan 1 1932
c Guaranty Trust Co., N. V. Trustee. Int.
gold ($1,000)
at Agency Bank of Montreal.
Coll gold notes $2.000,000 1914 6% F
-A
2,000,000
1916
red on 30 days at 102 & int.
Detroit United By. stock and bonds have been listed on the New York
Stock Exchange.
-Of the $25,000,000 first consolidated mortgage bonds authorized.
Bonds.
$8,830,000 are reserved to retire underlying liens and $1,615,000 are in
treasury. Entire issue or any part thereof is subject to call at any time
at 105 and interest on 60 days nn.ice. See V. 73. p. 1111. Collateral
for the notes of 1914 include bonds of the company and of its subsidiaries
aggregating $6,750,000.
Detroit Electric.
Interest. Outstanding. Maturity.
Date.
19144924
$1,700.000
Detroit By 1st M.g (51,000)1 1895
5 g J-D
on 56.34 miles
c*Qtr Interest at Cleveland Tr. Co.. Trustee,
1,100,000 June 1 1916
Detroit Electric con M. 82.-I 1896
5 g J-D
800.000, g (31.000)....c*&r Int. at Cleve. Tr. Co., Trustee. As to Dec.
1897 interest. see V. 65, p. 1219.
-First mortgage bonds of the Detroit By. numbered 1 to 600 maBonds.
ture in order of numbers at $50_,000 per annum, beginning Dec. 1 1912;
numbers 601 and above mature Dec. 1 1924; $100,000 have been retired.
Detroit Electric consols for 51,700,000 are reserved to retire the first
mortgage bonds as they mature.
Detroit Fort Wayne St Belle Isle.
$1,200.000 April 1 1928
1st mtge. gold. 51,200,0001 1898 5 g A-0
c*&r New York Trust Co., Trustee. Subject to
($1.000)
call at 105 and int. on 60 days' notice.
Interest at Kean. Van Cort andt & Co.. New York.
Detroit & Northwestern Ry.
4 Ti_g M-N $855,000 May 1 1921
1st mtge, $1.000.J00, golcilb 1901
c* Interest at Union Trust Co., Detroit, Trust.
(5100, 31,000)
-Are guar., p. & I., y Detroit United Ry. by end, and are subBonds.
ect to call at 105 and Int. on 60 days' notice. See V.73, p.494.
Detroit & Pontiac RY
$500,900 Feb 1 1922
let mortgage, $500,000. gold 1 1897 5 g F-A
c* Washington Trust Co., N. Y.. Trustee.
(31.000)
Interest at People's State Bank, Detroit.
600.000 .Tune 1 1926
%
4 g T-D
let con mtge, gold (51,000), 1901
c*&r Int. at Washington Tr. Co., N. Y., Trustee.
$1,100.000
-$500,000 consolidated mtge. 4%% bonds are reserved to retire
Bonds.
like amount of 1st mtge. bonds. Bonds are subject to call at 105 and interest on 60 days' notice after June 1 1911. Principal and interest of both
issues guaranteed by Detroit United by endorsement.
Wyandotte & Detroit River Ry.
$425.000 Dec 1 1918
1st consol. mtge. 5425,000 1 1898 5 g._J-D Trust Co.. Detroit, Trustee
c* Interest at Union
($1,000). gold
Detroit & Flint Railway.
Rochester
The Detroit & Flint By. was organized to acquire the Detroit the Det.
Elec. By. and
Romeo & Lake Orion, together with the Nor. Det,these last two proplies.
Utica & Romeo By. The consol. M.is a 1st lion on
Interest. Outstanding. Maturity.
Date.
$1,100,000 June 1 1920
DRR&LO By 1st mtge,1 1900 5 g J-D
(51.000),i Interest at American Trust & Savings Bank,
sinking fund.gold
also Guaranty Trust Co.
us
c*I Chicago. Trustee;
31.500.000; unissued bonds
New York.
c*
have been canceled
51.400,000 Aug 1 1921
-A
5g F
Detroit & Flint 1st consol M. 1901
Int. at Tr. Co. of America, N. Y.. Trustee.
g, 53,000.000 ($1,000)
to retire
consolidated mtge.31,100.000 are reserved have been
-Of the
Bonds.
bonds of like amount of the D. R. R.&'Lake 0. By.and $500,000 interest
conceled. Consolidated bonds are subject to call at 100 and United
on 60 days' notice. Both issues are guaranteed by the Detroit
collateral
By.; see form of guaranty in V. 76. P. 1300; as "additional
of the Detroit
security" on the Flint bonds 1st consol. 4)4% bonds New York,andUnited
would
Co.of
are deposited.$ for 3, with the Guaranty Trust
be available in the event of default on the Detroit & Flint bonds.
Detroit United By. for the year ending
-Annual report of the
REPORT.
Dec.31 1913 was published in V.98, p. 682.
Detroit United Ry.. Rapid Ry. Sys., Sandw. Wind. & Amherstb. RY.,
Det. Monroe & Tol. Sit. Line Ry. and Det. Jacl.. & Chic.
1910.
1911.
1912.
1913.
Revenue paasengers-- __240,940,133 208,538,594 182.612,786 165,920,753
Transfer passengers____ 74,830,285 61.393.877 53,652,879 48,237.720




Gross earnings
Operating expenses

[VOL. xclx.
1912.
1913.
1910.
1911.
$12,723,829 $11,695,530 $10.253.134 $9,345,219
8,694.231
7,730,409
6,580,042
5.981.065

Net earns, from open. $4,029,598 53.965.121 $3,673,092 33,364,154
Inc. from other sources..
251.937
208,857
178.813
152,768
Inc. from all sources.. $4,281.535 $4,173,978 83.851.905 $3,516,922
Interest and taxes____.. 2,151,058
2,123,513
2,123,398
2,030.622
Dividends..
(6%)750,000 (5)625,000 (5)625.000
500,000
500.000
Deprec'n charged oft._ _
400,000
400,000
100.000
100.000
Contingent nab. reserve
100,000
Total deductions____ $3,501,058 53.348,513 53,148,398 32,530,622
$825,465
Surplus income__ __
5703,507
$780.477
5986,300
DIVIDENDS.
-First dividend of 1% on Detroit United stock was paid
March 1 1901 and 1% quarterly thereafter until Aug. 1 1905, when rate
was raised to 14% quarterly. On Nov. 1 1905 U(%. In 1906 5%. In
.
1907, Feb., 13'%; May, 131%; Aug., % % None to Mar. 1911. when
13.(% was paid; same amount quar. 'to and incl. Dec. 1912. In March
1913 rate was increased to 14% quar.;same amt.quar. to & incl.Sept. 1914,
ROAD.
-On Jan. 1 1914 operated 801.902 miles of track, as follows
Detroit United, including Wyandotte & Detroit River By., Detroit &
Northwestern, Detroit & Pontiac, Detroit & Flint.441.597 miles; Detroit &
Port Huron Shore Line, 132.726 miles; Sandwich Windsor & Amherstburg
Ry.,39.931 miles; Detroit Monroe & Toledo Short Line.79.51 miles, Detroit
-lb. steel. Does
Jackson & Chicago Ry., 108.138 miles, Rails, 77. 85 and 98
an express service. Has 1.405 closed passenger cars, 264 open passenger
cars. 254 freight and construction cars. 36 line cars. 69 express cars, 16 miscellaneous cars,2 locomotives, 3.913 motors and 3.027 trucks. There are 11
power houses, with a combined capacity of 67,290 h. p.. 2 storage batteries,
with a combined capacity of 4.500 amperes and 23 sub-stations with a
combined capacity of 20.850 k.w.
-Ps., Arthur Pack. DeOFFICERS.-Pres..J,0:Hutchins, Detroit; V.
troit, E. W. Moore. Cleveland, and A. J. Ferguson, Montreal; Treas.,
George H. Russel, Detroit; Sec., A. E. Peters, Detroit; Gen. Mgr. F. W.
Brooks, Detroit. General offices, 12 Woodward Ave., Detroit.
-V.94, p.
123, 207, 278, 416, 485. 767, 1507; V. 95, p. 110, 890, 1683: V. 96. P. 419.
483.947,1088,1556,1628; V.97,p.443,1115; V.98.p.235,386,452. 682.
1693; V. 99, p. 196, 342.
(1) Detroit & Port Huron Shore Line Ry.-A trolley road.
Entire outstanding capital stock is now owned by the Detroit United By.
-Incorporated in May 1900. Is a consolidation of
ORGANIZATION.
the Rapid Railway Co., the Detroit Mt. Clemens & Marine City By. (the
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
By, the Connors Creek & Clinton River Plank Road Co. and the City
Electric By. of Port Huron. The new company owns the capital stock of
each road. The consolidated company operates all the tracks in Mt. Clemens and Port Huron, and the through route from Detroit to Port Huron
running through Mt. Clemens, New Baltimore, Aigonac, Marine City and
St. Clair. Also owns the capital stock ($25.000) of the Detroit & Lake
St. Clair By.
-For contemplated sale of bonds
Arrangements to Retire Maturing Bonds.
to provide for Rapid Railway bonds maturing in 1915 and 1916, see V. 98,
P. 1693, and V. 99, p. 119.
New Securities.
-See Detroit United By. above and V. 99, p. 269.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Dale,
$2,000,000
Stock. $2,500,003 ($100)1,897.000 Jan 1 1950
{
1st mtge,$2,500,000 (51.000) 1900 5 g
cannot be called, gold_c*Szr Union Trust Co., Detroit, Trustee.
Int. at American Exch. Nat. Bank, N. Y.
Bonds.
-Of the new 1st mtge. $603.000 is set aside to retire underlying
liens (namely the bonds of the Rapid Ry. and the Port Huron St. Clair &
Marine City Ry.). Of the $1,897.000 bonds reported outstanding, $125.000 were on Dec. 31 1912 held in the treasury of the Detroit United. V. 98.
p. 1693; V. 99, p. 119.
Rapid Railway.
Interest. Outstanding. Maturity.
Date.
BONDS5300.000 May 1 1915
5 M-S
First mortgage, 5300,0001 1895
cs Int. at Finance Co. of Penna.. Phila., True.
($1,000)
$300,000 May 1 1916
5 g M-N
First Consolidated mortgage, 1896
c* Int. at Finance Co. of Penna., Phila., Trust.
3600.000. gold
Of the consol. mortgage bonds of 1896. $30'.000 are reserved to take up
the outstanding first mortgage bonds.
Port Huron St. Clair & Marine City Railway.
Interest. Outstanding. Maturity.
Date.
BONDS$3,000 Mar 1 1920
let mortgage, gold, $300,0001 1900 5 M-S
jUnion Trust Co., Detroit, Trustee.
($500 and $1,000)
The remaining $297,000 bonds have been canceled.
Detroit & Lake St. Clair Ry. Co.
Interest. Outstanding. Maturity.
Date.
BONDS$390.000 April 1 1920
5 g A-0
mortgage, 3400.000, gold) 1900
1st
c*JInt. at Union Trust Co.. Detroit. Trustee.
($1.000)
are guaranteed, principal and interest, by the Detroit
-The bonds
Bonds.
& Port Huron Shore Line Ry., the Rapid Railway Co. and the Detroit Mt.
Clemens & Marine City By. They are not subject to call. Of the $390.000
reported outstanding.$100,000 were held by the Det. Unit. Dec. 31 1913.
-Total Del. & Port Huron System, 132.24 miles.
ROAD.
-Now included in report of Detroit United Ry.-V.77, D•
EARNINGS.
34; V. 84. P. 338.
(2) Sandwich Windsor & Amherstberg Ry.-Trolley.
ORGANIZATION.
-Incorporated under special charter from Province
of Ontario. Owns entire capital stock ($100,000) of the Windsor & Tecumseh Electric By. Entire stock of Sand.Winds.& Amh.is owned by Det. Un.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Stock, 5350.000 ($100)$297,000
Consol Mtge, gold. 5600,0001 1902 4% g J-D
600,000 Dec 1 1922
gold ($1,000)
c* National Trust Co., Ltd., Toronto, Trustee.
Wind & Tec El, 5300.000, 1907
5 g M-S 2
189,000 Sept 2 1927
gold ($1,000) gu p & i c* National Trust Co., Ltd., Toronto, Trustee.
Bonds.
-S. W.& Amh. bonds are subj. to call after Dec. 1 1912 at 105.
Windsor & Tecum. bonds are guar., p. & I., by Sand. Windsor & Amherstb.
By. They are red, on and after Sept. 2 1917 at 105 and int. on 60 days'
notice. Interest on both mortgages Is payable at company's office.
ROAD.
-Operates 38.28 miles of track in and between Windsor, Walkervine. Sandwich and Amherstberg, including City By. of Windsor (2.52
miles), operated under lease.
-V.75, p. 1303. 1400.
(3) Detroit Monroe & Toledo Short Line Ry.
ORGANIZATION.
-Incorporated in Michigan on Dec. 11 1902.
In Feb. 1906 entire stock was acquired by Det. Unit. By. V.82, p.392
.
In Jan. 1914 the remaining bonds of the $3,000,000 mtge. were sold.
V.98. p.235.
New Securities.
-See Detroit United By. above and V. 99, p. 269.
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
Stock, $3,000,000-$2,941.000
1st mortgage, $3,000,000,1 1903
5 g J-J
3,009,000 Jan 1 1933
gold (51,000)
c*fUnion Trust Co., Detroit, Trustee.
Bonds.
-Interest is payable in New York. No sinking fund and bonds
are not subject to call.
ROAD.
-Operates 50 miles of road from Toledo to Detroit and 4 miles of
road from Monroe to Lake Erie; completed Nov. 5 1904. At Toledo connection is made with the Lake Shore Electric By. for Cleveland. Is of
steam road construction, on private right of way; standard gauge, laid with
-lb. Trails. Total track, 76.70 miles.
70
-V.82, p. 392; V.98, p. 235.
(4) Detroit Jackson & Chicago Ry.
-A holding co. organized in Mich. In 1907 by Detroit
ORGANIZATION.
United interests to take over the Det. Ypsil. Ann Arbor dr Jack. By.. the
Jack. Ann Arbor & Det. By. and the Det. Plym. & Northville Ry., paying
therefor $1.230.000. Entire stock owned by Detroit United RY•
New Securities.
-See Detroit United By. above and V. 99, p. 269.

SEPT.. 1914.,

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, 525,000 ($100)$25,000
First consol mtge, 34,000,000 1907
1,400,000 Feb 1 1937
5g F
-A
($1,000). gold
c5 Int. at Security Trust Clo., Detroit, Trustee.
1st cons M Det Y A Ar&Jack 1901
1,610,000 Feb 1 1926
-A
5g F
32.600.000($500.51.000)gcs Int. at Detroit Trust Co., Detroit Trustee.
D Y & A Ar 1st M $600,000) 1897 6 g M-N
600.000
ov 1 1917
gold (5500 or 51,000 each)_ Int. at Union Trust Co.. Detroit, Trustee.
DetYps & Ann Ar cons 1st MI 1899 6 g F
330,000 Feb 1 1924
-A
$1,000,000, g ($500 & $1,-Int. at Union Trust Co., Detroit, Trustee.
000) sinking fund annually
6 J-J
Ypsilanti & Saline 1st M- _
60,000 July 1 1919
Of the new Det. Yps. 6c Ann Arbor & Jackson 1st M. of $2,600,000.
5990,000 are reserved for underlying liens. First consols cannot be called.
See V. 75, p. 666.
Bonds.
-Bonds of Det. Jack. & Chic. are subject to call on any interest
day at 105 and int. Guar., p. & I., by the Detroit United Rys.; enough
bonds are reserved to retire bonded debt of the Det. Yps. Ann Arbor & Jack.
By. V. 85, p. 345. Of the amount reported outstanding, $620,000 were
on Dec. 31 1913 in the Detroit United treasury.
ROAD.-Completed and in operation from Detroit (through Wayne and
Ypsilanti) to Ann Arbor and to Jackson; making mileage 100 miles. of which
40 miles over private right of way. Total track, 108.05 miles. Rails 70
-V. 79, p. 269; V. 81, p.
and 75
-lb. T girder. Does a freight business.
1723; V. 84, p. 51, 450.

DOYLESTOWN, PA.

47

by the city of Duluth to cancel the franchise granted to the Duluth Street
By. on Nov. 17 1881.-V. 98. p. 1694.
Reduced Rates Ordered.
-In Nov. 1912 the Wisconsin RR. Comm. ordered
the Duluth St. By. to establish a rate of 6 tickets for 25c. on its Superior
lines, in addition to the 5
-cent cash fare now in force. V. 95, p. 1472.
On July 28 1914 Judge Stevens in the Dane County Circuit Court sustained
the order of the State RR. Commission (V. 99, p. 406). An appeal has
been taken to the Supreme Court of Wisconsin.
Strike.
-A strike on lines of the Duluth St. Ry., which began on Sept. 9
1912, was declared off on Nov.6,the company having won out completely.
V. 95 p. 1206. 1331.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
Common,$3,500,000_(3100)-$3,500,000 Oct '14, 1
Q-J
Prof4% cum.$1,500,000($100)
1,500,000 Oct '14,
Q-J
Duluth St Ry M,52,50(1,000, 1900 5 g ADEN 2,500,000 May 1 1930
gold (31,000)
c*tf)Int. at Cent. Trust Co., N. Y., Trustee.
Dui St By gen M $2,500.000, 1910
5 M-N
792,000 May 1 1930
gold ($1,000) sk fdc*ntf Int. at Central Tr. Co., N. Y., Trustee.
Stock.
-Both corn,and pref. are listed on N.Y.Stock Exch. V.90. p.848.
Bonds.
-The mtge. of 1900 covers all the mileage of the Duluth Street By.
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
issued for additions, extensions, &c. They are guar., p. & I., by Dul.-Sup.
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 quer. to and incl. July 1910; in Oct.
1910, 134%. Same amount quer. to and incl. April 1913. In July 1913
reduced to 1% (V.96. p. 1772); same amount quer. to and incl. Oct. 1914.
ROAD.
-The system embraces 82.47 miles of track and includes all the
lines in Duluth and Superior. 125 cars.
REPORT.
-For calendar years (report for 1913 in V. 98, 13• 9
06):
Cal.
Gross
Net
Int. & Pref.Divs. Common
Balance,
Year. Earnings. Earnings. Taxes. (4%).
Dividends. Sur. or Def.
1913-51,283,914 3535.750 5246,063 560,000 (4303148,750 sur.$80,937
1912..__ 1,083,259 453,072 219,295 60,000 (5) 175.000 def.1.224
In 1913 carried 25,335,604 revenue and 4,294.066 transfer
against 21,132,003 revenue and 3,716,619 transfer in 1912. passengers.
OFFICERS.-Pres., C. G. Goodrich;
-P. & Gen.
-P., A. E.
V.
Mgr., Herbert Warren; Sec. & Treas., S.V. Reichert; Ames;Sec., Edmund
L.
Asst.
Zacher.-V. 92, p. 186, 876; V. 93, p. 666; V. 94, p. 345; V. 95, p. 1200.
1331, 1472: V. 96, p. 716. 1224, 1700, 1772; V. 418. p. 522. 906, 1694;
V. 99. p. 406.

-A trolley road.
PHILADELPHIA & EASTON ELECTRIC RY. CO.
Receivership.
-On April 5 1912 Judge Ryan in Bucks County Court appointed A. H. Sickler (Pres. of Co.) and Godfrey Schmidheiser of Phila.
receivers. V. 94, p. 699, 1057. Plans of reorganization are in progress.
ORGANIZATION.
-Organized in 1907 as successor to the Philadelphia
& Easton Ry. (formerly the Doylestown & Easton Street Ry.). sold at
trustee's sale May 31 1907.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common, 5265,000 (550)$258,800
Pref, $365,000, 5% non-cum _
354,800
5 g M-S
911,000 Sept 1 1927
1st M, $1,000,000 ($1,000.1 1907
$500 and $IM , gold_ __c*IInt. at Girard Trust Co., Phila., Trustee.
-Preferred shares have no voting power.
Stock.
Bonds.
-The new $1,000,000 bonds are not subject to call and no sinking
fund. Interest was 4% to Sept. 1 1911: is now 5%.
EARNINGS.
-For year end. June 301914,gross. 5105,862; net, $8,292.
-Operates 31 miles of road between Doylestown and Easton.
ROAD.
EAST LIVERPOOL, OHIO.
Operates 8 cars.
TRI-STATE RAILWAY & ELECTRIC CO.
OFFICERS.-Pres., A. H. Sickler, Phila.; V.-P. Amos Johnson; Sec.
Receivership.
-On Mar. 18 1913 receivers were appointed by Judge Day
'
W.S. Chambers. Doylestown; Treas., H. G. Rush, Lancaster.
-V,85, 13• of the Federal Court in Cleveland, on application made by the Bankers'
Trust Co., mortgage trustee. V. 96, p. 864.
470; V. 94, p. 699, 1057.
ORGANIZATION.
-Incorporated in Ohio. Is a consolidation of the
following companies (Y. 93, p. 165):
DU BOIS, PA.
Beaver County (Pa.) Light Co.
ryow.
.
urg & Weirton
I Steubenville W.
-A trolley road and electric- Midland (Pa.) Elec. Lt.& Pow.
DU BOIS ELECTRIC Ec TRACTION CO.
Co.
Va.).
ighting plant.
Steubenv.& Wellsb. Trac. Co.(Ohio) Wellsb.El.Lt.. Ht.& P.Co.
(W.Va.)
ORGANIZATION.-Incorp.in New Jersey on Nov. 15 1901 as the AmerLeases for 999 years the East Liverpool True. & Lt. Co. and the Steubenican Town Light Co. and name changed later as above. Is a consolidation ville & East Liverpool By. & Lt. Co. (Ohio) and controls the Ohio River
of the Du Bois Elec. Co. and the Du Bois Trac. Co. V.76, p. 972. Fran- Passenger Ry. Co. through lease to Steubenv. Wellsb.& Weirton By.for 90
chises for both street railway and electric-lighting are perpetual and exclusive. years. The leases of the Steubenville & East Liverpool Ry.& Lt. Co. and
The United Traction St. Ry. (which is a consolidation in 1908 of the the Ohio River Pass. By. may be terminated on conditions expressed in
United Trac. St. By. and United Trac. Exton. St. RR.), with $200,000 of leases. The earnings of the leased companies, afterpaying all fixed charges,
5% bonds and 3200.000 stock, which operates a line 14 miles from Du Bois are distributable on stock of Tri-State Ry.& Elec. Co., on an agreed basis,
to Sykesville and Big Run. is controlled and owned by same interests that prior to distribution on stocks of leased companies. The combined companies own and operate electric railways, electric lighting and power plants
control the Du Bois Elec. & Trac. Co.
along the Ohio River in Ohio, Penna. and West Va., and the railway suspenSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity. sion bridge
between East Liverpool and Chester, W. Va.. and control.
Stock, $300,000 ($100)-$300.000
through
Collet trust mtge, 3300,0001 1902
5 g M-N
297.000 May 1 1932 Middle stock ownership, the railway bridge between Steubenville and
($500), gold
c*lInt. at Knickerbocker Tr. Co., N. Y. Trus. up the Ferry, W. Va. Territory served extends from Wellsburg, W.'Va.,
Ohio River to Rochester and Beaver, Pa., a distance of 60 miles.
Bonds.
-No sinking fund, but subject to call at any time at 105 and Mt.
At Rochester connects with electric railway serving that territory and at
EARNINGS.
-For year ending June 30 1913.
Wellsburg
United Traction St. Ry.-Gross, $45,053; net, after taxes, $14.558; int. Franchises with line running to Wheeling and other West Virginia points.
range from 25 years to perpetual.
on bonds, $10,000; dividends (5%). 310.000.
In July
Du Bois Traction Co.
-Gross, $52,043; net, after taxes. $17,702; bond a block of 1911 Municipal & General Securities Co., Ltd., London, offered
1st M.and coll, trust bonds at 95%, with a bonus of 20% corn.
hit., $3,500; surplus, $14,202.
stock. V. 93. p. 165. Prof. stock was sold at $90 per $100 share.
ROAD.-Operates 19 miles (Including United Trac. St. Ry.) in Du Bois
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
and extensions to Fall Creek, Sykesville and to Big Run. where connection Common $2,000,000
32.075: 0 0
5 0 00 0
0 8
is made with tracks of the Jefferson Traction Co. Standard gauge; 60 and
Pref. $1,b00,000 ($100) 6%70
-lb. girder and T rail.
First and coil trust mtge, 52,-1 1911
6 A-0
668,000 Apr 1 1950
OFFICERS.-Pres., Austin Blakeslee; V.
-P., Walter Batten; Sec., M.I.
500.000, gold, sinking fundlInt. at Bankers Tr. Co.,N.Y. Trus..or Lond.
McCreIght; Treas., B. B. McCreIght, all of Du Bois.
Underlying bonds (about)-V.89, p. 1667.
1.soo,o6o
-Preferred stock dividends are cumulative from Jan. 1 1913.
Stock.
-Of the unissued 1st & coll, trust bonds,$332,000 are for corporate
Bonds.
purposes and 51.500,000 for Mints.. extensions, &c... under certain restricDUBUQUE, IOWA.
tions. Subject to call on or after April 1 1916 at 105 and int. on 60 days'
UNION ELECTRIC CO. IN IOWA.
-Trolley.
notice. Sinking fund of 1% per annum of bonds out, begins Dec. 11915.
ORGANIZATION.
-Incorporated in Iowa in 1900 as a consolidation of
the Home Electric Co., the Dubuque Street By. and the Star Electric Co.. Bonds are listed on London Stock Exchange. V.94, p. 69.
-Combined properties consist of about 115 miles of standard
ROAD.
which constitute the entire electric light and street railway properties of the
city of Dubuque, Iowa. Franchises mature 1927. Extension to Eagle gauge single track.
Park was made under a 25
-year franchise dating from 1912. % milo• On
OFFICERS.-Pres., J. H. Pardee, New York; V.
-P., Edward McDonthe two-mile extension on West Locust St.. franchise is for 25 years from nell, East Liverpool; Treas., R. B. Merchant, New York; Sec., T. W.
1913.
Moffatt, New York; Gen. Mgr.. W.R. W. Griffin.
-V.93. p. 165; V. 94.
Company has contract for street lighting and pumping for East
Dubuque. 9.69; V. 96, 9. 864.
Ill., and a 10
-year franchise for operation of
tween Dubuque. Ia., a,nd East Dubuque,Ill.,an electric auto-bus line be(1) East Liverpool Traction & Light.
Service on this line was inaugurated Sept. 5 1914.
Lease.
-Is leased to Tri-State By.& Elec. Co. for 999 years. V. 93. p.
STOCK AND BONDS- Date. Interest.
163. As to operation by receiver, see above and V.96. p. 864. Horatio
Outstanding.
Maturity. G.Lloyd is receiver.
Common, 51,000,000 ($100)_ -_-4 Q-J
$805,000
See text
Preferred, $1,000,000 ($100)
ORGANIZATION.
-Incorporated in Ohio on Sept. 30 1905 and is a
6% cum
monthly
820,100
See text consolidation of the following companies (see V.81, p. 1791):
First mortgage 5980.000 gold f 1904
5e M-11
875,000 May 1 1924 Ceramic City Light Co.
Glasgow RR.
($1,000)
&Mint.at I. Tr. & Say. Bk., Chicago. Trustee. Chester Light & Power Co.
Island Run Coal Co.
Bonds subj. to call at 105 and Int. Sinking fund
East Liverpool By.
People's Light & Power Co.
began April 30 1908. $105,000 have been retired. of $15.000 per annum East Liverpool Bridge Co.
United Power Co.
Dividends.
-Monthly diva. of 3.§% on pref. have been paid since July East Liverpool & Rock Spgs. St. By. Wellsville Electric Light Co.
1907. On corn., first div., 1%, paid July 1911; same rate has been
The Rock Springs Park.
paid Eastern Ohio RR.
quarterly since.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
EARNINGS.
-For cal. year 1913, gross. $472,553: net, after
Common.$2,500,000 ($100)32,500,000
taxes. Prof..5% n.c..5500,000(5100
$192,923. In 1912, gross. 3442.948; net, after taxes, $174,291.
500,000
First mtge., $3,000,000. gold 1905
-Owns and operates 20.7 miles of track on 1534 miles of
ROAD.
5 g M-N
2,850,000 Nov 1 1925
street in
(51,000)
c Int. at Union Trust Co., Pittsburgh, Trustee
Dubuque, West Dubuque and to Union and Nutwood parks, also to
Eagle East Liverpool Ry first mtge.- _--Point Park opened in 1912, and has contract with the city for
150.000 June 1 1917
5%
supplying
electric lights. Also supplies light and power to East Dubuque. Ill. A
Bonds.
-Of the 53,000,000 first mortgage of 1905, 5150,000 are reserved
one-mile extension on West Locust St. completed in 1913 and another to retire like amount of East Liverpool By. bonds. Are subject to call on
any interest date at 105.
mile on this extension completed July 1 1914.
OFFICERS.-Pres.,F. D.Stout, Chicago; V.
ROAD.
-Owns and operates 35.85 miles of track in and between East
-P., D.D. Myers; Sec. and
Treas., J. R. Lindsay, Railway Exc.hange, Chicago; Gen. Mgr., E. M. Liverpool and Wellsville. Standardgauge. 73
-lb. girder and T rail. At
Wellsville connects with the Steubenville & East Liverpool By.& Light Co.
Walker.
-V. 71. p. 2643 V. 84,p. 1553;IT. 86, p. 983.
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.
DULUTH, MINN.
OFFICERS.-Pres. & Treas.. Edward McDonnell, East
DULUTH-SUPERIOR TRACTION.
-Trolley.
V.
-P., C. A. Smith. Chester, W. Va.; Sec., Geo. H. Faulk; Gen.Liverpool;
Mgr., W.
ORGANIZATION.
-Incorporated In Connecticut in 1897. Owns entire R. W.Griffin.
-V.81. p. 1791; V.82. p.84; V.90, p. 1490; V.93. p.
stock of the Duluth Street Ry., the Lakeside Street By. and the Superior
(2) Steubenville & East Liverpool Railway & Light Co.
Rapid Transit. The corporate existence of the Duluth Street By. Is mainLease.
-Isleased for 999 years to Tri-State By.& Elec. Co.
tained, but all of its stock 42,000,000 authorized, $1,800,000 outstanding)
As to operation by receiver, see above and V. 96, p. 864. V.93.9.165.
is held by the Duluth-Superior Traction. This latter company has no
Horatio G.
bonded debt. The Duluth Street By. was organized under Act of Minne- Lloyd is receiver.
sota approved Nov. 17 1881 and possesses "an exclusive franchise" which
ORGANIZATION.-Incorp.In
runs until 1931. The franchise was sustained in the State District Court in benville Trac.& Light Co., which Ohio April 1906 as successor to the Steuin Jan. 1901 had taken over the Steuben-see V. 98, p. 1694. See decision with regard to franchises in Su- ville Gas & Elec. Co. and the Steubenville
May 1914
Trac. Co. Owns the Pleasant
perior In V. 80. p. 1911. The Duluth-Superior Bridge between Duluth, Heights line.
Minn., and Superior. Wis.,is used by the railway but is a separate corpora- 1925 to 1928. Light franchises perpetual; street railway franchises expire
Bonds listed on the Philadelphia Stock Exchange.
tion, and has issued 1st M.bonds for $650,000 and 2d M.bonds for $300,000
STOCK AND BONDS- Date.
-see bridge items. V. 63, p. 310, 504. In 1903 entered into contract with
Interest. Outstanding, Maturity.
Stock,$3,000,000 (5100)----the Greet Northern Power Co. to supply sufficient power to operate
$3,000,000
the First mortgage, 53,000,000 1907
street railways in both cities. The delivery of power was begun in
5 J-J
2,210,000 Jan 1 1927
1908.
(31,000),gold
c Int. at Commercial Tr. Co., Phila., Trustee.
Franchise Decision.
-On May 23 1914 Judge Cant in the State District
Steuben Trac & Lt 1st mtge, _--_
Court handed down a decision favorable to the company in the suit
5 g M-N
790,000
brought
51,000,000 (51,000), g_c55 Int. at Metropolitan Tr. Co., May 1 1926
N. Y.,Trustee




ELECTRIC RAILWAYS

48

[VOL. xcix.

Mileage on Single Track Basis 192.1 Miles.

LLI N SV I LLE
Pop. 7,500

C lokia
orest awn




49

ELECTRIC RAILWAYS

SEPT., 1914.

-Of the new $3,000,000 bonds, $790.000 are reserved to retire
Bonds.
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. Faul.-V.93. p. 165.
Gen. Mgr., W. R. W. Griffin.
(3) Ohio River Passenger Ry.
Lease.
-Is leased to the Steubenville Wellsville & Weirton By. Co. f...
90 years.
ORGANIZATION.
-Incorporated in Pennsylvania.
Interest. Outstanding. Maturrt
STOCK AND BONDS- Date.
$1,000,000
Stock,$1.000,000 ($50)-----1,000,000 Jan 1 195:
5 J-J
First mtge,$1,000,000, gold-- 1907
Beaver. Pa.. and East Liverpool. 0
ROAD.-Cotmects Rochester and
Length of line, 22.48 miles.
OFFICERS.-Pres. and Treas., Edw. McDonnell; Sec., A. Ba on:
Gen. Mgr. W. R. W. Griffin, all of East Liverpool.

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 By,
Owns practically all the stock ($1.250,000) of the Northampton Easton &
Franchises perpetual.
Washington Trac. Co.(see that company below). Outstanding. Maturity.
Interest.
STOCK AND BONDS- Date.
$500,000
Stock, $500,000 ($50)------349,500 Jan 1 1933
I 1903 5 g J-J
First mortgage $400,000
(Easton) Trus.
.
'Int. at Northampton Tr. Co.
c*tf
gold
300,000 Jan 1 1942
5%
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.
-Combined earnings of Northampton Trac. Co. and
EARNINGS.
Northampton-East. & Wash. Trac. for year end. July 31 1914. gross,
$188,697; net. $81.120.
-The Northampton Trac. Co. operates 25 miles of track from
ROAD.
Easton to Tatamy and from Tatamy to Nazareth and Bangor chiefly on
-lb. steel rail.
private right-of-way. Standard gauge; 65,70 and 80
OFFICERS.-Pres., David King; Treas., Wm. L. Doyle; Gen. Mgr.,
92, p. 726; V.94. p. 1384.
-V.
W.0. Hay.
(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.
51.250,000
Stock $1,250,000($100)544,000 May 1950
5%
1st M $5,000,000 g ($100, 1910
_s f c*tf Bankers Trust Co., New York. Trustee.
$500. 51.000)
200,000 Jan. 1 1942
mortgage 1912 5%
Refund & consol iRaston Trust Co.. Trustee.
51.000.000
Bonds.-Northamp.
-East. & Wash. Trac. bonds are callable, in whole or
in part, on or after May 1 1915 until 1925 at 110; theraefter until 1935 at
1074; thereafter until maturity at 105 and int. Mtge. is closed. Sink.
fund 1% simila of avge. amount of all bonds out from 1915 to 1925; 1470
to 1940 and 2% thereafter. Bonds are unconditionally guar.. P. &
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).
-Included in Northampton Trac. Co.'s statement.
EARNINGS.
-Operates 17 miles of track from Phillipsburg, N. J.. to WashROAD.
ington. N. J.

EAST ST. LOUIS, ILL.
-Trolley.
-(See map on
THE EAST ST. LOUIS & SUBURBAN CO.
page 48.)
REORGANIZATION, &C.
-As per plan in "Chronicle" of Dec. 20
1913, p. 1822, this company was re-incorporated Jan. 7 1914 In Delaware.
In place of the 57.000,000 pref. and $7,000,000 cora, stock outstanding
-year conof the old company, the now capitalization was made: 6% 5
vertible bonds. $2,000,000; 5% cum. pref. stock, $6,000.000; common
stock, $6,000,000. The $2,000,000 bonds (part of an issue of 53,000.000)
are convertible up to July 1 1918 into an equal amount of6% cum. pref.
stock and also 33 1-3% common stock. The 5% pref. shares may be exchanged half into 6% cum. pref. (taking precedence over the 5% pref.)
and half into common stock. See also V.1)7. P. 1822: V. 98, p. 155,304.
The old East St. L.& Suburban Co. in Apr. 1906 acquired the stock of Alton Granite & St. L. Co. It owned all the stock except directors' shares and
all bonds of East St. L. By. Co., the St. L. & East. St. L. El. By. Co.
and the East St. Louis & Suburban Ry. Co.; all the stock of the Alton
Granite & St. L. Tr. Co.,the Alton Gas & El. Co.,the East St. L. Lt.& P.
Co.; also all the bonds of St. L.& Belleville El. Ry. Co. These companies
own and operate all electric railway lines in East St. Louts and Alton and
interurban lines to Belleville, Edwardsville, Collinsville, Caseyville. O'FalIon, Lebanon, Brooklyn, Venice, Madison, Granite City and Alton, and the
-year exclusonly electric line across the Bads Bridge-the latter under a 50
ive contract from 1902 to operate cars over this bridge. Through arrangement with Illinois Trac. Co. the interurban cars from Alton are run into
their terminal In St. Louis. The East St. Louis Lt.& Pow. Co. does entire
electric lighting and power business in East Bt. Louis and has a contract
with the city for municipal lighting until 1920. Alton Gas & Elec. Co. does
entire electric light, power and gas business in Alton and has a contract for
municipal lighting. A large coal business Is also carried on.
Franchises in East St. Louis, Edwardst(Ile. Collinsville. Caseyville.
O'Fallon, Belleville and Lebanon expire 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;
franchise in 1920 Brooklyn franchise in 1921. The interurban lineVenice
to Alton, outside of city limits, is entirely on private right of way. County
franchises covering remaining suburban lines expire from 1919 to 1948.
Electric light and power franchise in East St. Louis expi es 2008.
Of the stocks and bonds owned, the following have been deposited with
r
the St. Louis Union Trust Co. as collateral for the East St. Louis Suburban Co. collateral trust bonds.
Stock
Bonds
Issued.
Pledged.
Issued.
Pledged.
East St. L.& Sub. By. Co--$3,850.000 $3,824,300 $3.900.000 $3,834,000
East St. Louis Ry.Co
1,889,700 1.805,500 1,889,000 1,799,000
E.St.L.El. Ry.Co, 500,000
St. L.&
499.500
500,000
500,000
St.L.& Bellev.El. By.Co-- 750.000
750.000
750.000
East St.L.Lt.& Power Co_ - 976.500
732,000
573,000
.-Early in 1913 made contract with Mississippi River Power Co.
power
for suppry of hydro-electric power from Keokuk for street railway, light
and power purposes.
The capitalization of the East St. Louis & Suburban Co. is as follows:
STOOK AND BONDS- Date. Interest. Outstanding. Maturity.
Common $6,000.000 ($100)-$6.000,000
#,Seetext
First pre
Pref. $6,000,000 ($100) 5701,
6,000,000 Aug.'14. IX
CUM
6 J-J
Convert bonds $3,000,000 1914
2,000,000 .an 1 1919
($1,000.$500& $100)c*ntf Penna. Co.for Ins.on L.& Gr. Ann..Phila.,
trustee. Int. at office of company.
Collateral trust mortgage $8,- 1902 6 g A-0
8,000,000 .April 1 1932
000.000 gold aLoom_etf Interest at St. Louis Union Tr. Co..Trustee
or at E. W. Clark & Co., Philadelphia.
-A
5g F
2,483.000 Aug 1 1944
A G & St Louis Trac Co 1st '1904
consol /i4, $3,000,000 gold Int. at II.Inois State'fr. Co. East St. Louis,
esti'
Trustee, or at National City Bank, N. Y.
1 000)
Alton Ry & Ilium first mtge 1895 5 g A-0
250,000 Oct. 1 1915
$250,000 g ($1,000)..c*ntf Int. at Bankers Tr.Co.,N.Y.,trustee.
250.000 Oct. 1 1939
Alton By Gas & Electric Co 1899 5 g A-0
mtge $500,000 ($1,000)Unt. at Equitable Tr. Co., N. Y., trustee.
c*ntfç No sinking fund; bonds cannot be called.
gold
East St L Lt & Pow 1st TA 1910 5 g J-D
573,000 June 1 1940
g, guar p & I ($1,000)cstf Int. at Mercantile Tr. Co.. St. Louis,Trustee
and at office of co. in East St. Louis.
Stock.
;
--The 5% cum. pref may be exchanged at any time for 50% of
6% cum. pref. and 50% com. stock. The 6% pref. takes precedence both
as to dividends and assets over the 5% pref. and the common stock.
-Coll. trust bonds are redeemable on any int, day at 105 and
Bonds.
int. on 4 weeks' notice. See V.76. p.382. The convertible 5s are convertilite any time before July 1 1918 into an equal amount of 6% cum.pref.




stock and in addition 33 1-3% in new common stock. The remaining $1,000,000 may be issued at any time. Of the $500.000 Alton By., Gas & E.
Co.bonds.$250,000 are reserved for prior liens. The remaining ($517,000)
Alt. Gran. & St. L. Tr. 1st consols are reserved for knots., extensions. &c.
They are also a lien on the property of the Alton Gas & Electric Co..
which was owned by the Alton Granite & St. Louis Traction Co., when the
mtge. was made. No sinking funds, 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.& I., by end.,by East St.Louis & Sub. Co.,callable at 105 and
int. on 30 days' notice. Auth. issue unlimited, but additional bonds are
tumble only for 80% of the cost of add'ns and imp'ts, and then only when
net earns, are at least 14 times int, charge on bonds out as well as those to
be issued.
Dividends on Old Stock.
-5% per annum was paid quarterly on pref.from
its issue May 1 1906 up to and including Feb. 1914. On new pref.
%
paid May 1914; Aug..
%.
EARNINGS of operating companies for 12 months ending June 30 1914.
gross, $2,732,541; net after taxes, $1,024,655; Int., &c., $619.123; pref.
dIv., $329,167; surplus, $76,365.
ROAD.
-Operates 192.105 miles of single track (of which 38.35 oper. under trackage agreement). Has 178 passenger cars. 830 coal cars, 4 express
cars,30 work cars and 3snow sweepers. 2 electric and 2steam locomotives.
OFFICERS.-Pres., C. M. Clark; V.
-Ps., H. L. Clark, W. B. Kurtz
and E. W. Clark 3d; Sec. & Asst. Treas., G. L. Estabrook; Treas., C. A.
Pearson Jr.; Asst. Sec., T. W. Gregory. Office of Suburban Co.. Camden,
N. J., operating company at East St. Louis.
-V.92, p. 1032. 1242; V. 94.
p. 1311;Y.96. p.417; V.97.p. 238, 1822, 1898; V.98,p.73, 155.304,452.

ELMIRA, N. Y.
ELMIRA WATER LIGHT & RAILROAD CO.
-Controlled by the
do.
United Gas & Elec.-See United Gas & Elec. Corporation under N. Y.
ORGANIZATION.-Incorp. in New York May 26 1900 as a consolidation of all the water,lighting, power and street railway properties in Elmira.
Owns entire capital stock of Elmira & Seneca Lake Trac. Co.(also all bonds
of this co.) Rorick's Glen Park Assn., and majority of stock of West Water
St. RR. The latter company operated under 999
-year leases. In April
1913 it was stated that all franchises have at least 72 years to run, while
some of them are perpetual. In Feb. 1910 was auth. to acquire all stock
of Montour Falls Electric Light Co.
On March 17 1914 the stockholders authorized an increase in stock,
which was subsequently approved by the Public Service Commission,
by the creation of $3,000,000 7% cum. first pref. stock and the issuance of
(I) $850,000 of the new first pref. stock: (2) $317,000 5% 2d pref. stock
(formerly pref. stock) and (3) $617,000 consolidated mtge. 54. The
$307,000 Chemung County Gas 1st 6s and the $1.250,000 6% deb. notes
were then retired. V. 98. p. 1392.
In Sept. 1914 $284,000 (new issue) of coll, trust bonds were sold. They
are secured by 5355,000 consol. mtge. 5s, due 1956, and the proceeds of
this issue and $85.000 of 7% 1st pref. stock (of the $425,000 to be issued
-see below) went to pay off the $355,000 West Side RR. 54
Oct. 1 1914
due Oct. 1 1914 (V.99, p• 815)•
-Stockholders were offered the right to subscribe for $425,000
New Stock.
additional 1st pref. stock to be issued Oct. 1 1914 (V. 99, p. 815)•
Absorption of West Side RR.
-In Sept. 1914 the up-State P. S. Commission auth. the West Side RR. to transfer all its property, franchises, Ste.,
to the Elmira Water, Lt. & RR. Co. The latter owns all the capitalstock
of the West Side RR.(V. 99, p. 815)•
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
Common 51.000,000 ($100)-$1.000,000 Dec.'13.1%
1st pf,$3,000,000(7% cum)-See text
850.000
52 ir
2d pref 5% corn $1.000,000- ___
1,000,000 Oct.'14,1 X
1st M. gold ($1,000 and)1 191 5 g J-J
1,661,000 Jan. 1 1949
$500 (closed M)
c*tf Int.at U.S. Mtg.& Tr.Co.,N.Y.,Trustee.
Subject to call at 105 and Interest.
1st con mortgage $5,000,0001 1906 5 g M-S
2,984.000 Sept 1 1956
($1,000)
gc*tflInterest at New York Trust Co.. Trustee.
Coll trust bonds ($1.000)1 1914
6 A-0
284,000 Oct 1 1919
red at 101 and int
1Guaranty Trust Co.. N. Y., Trustee.
Stock.
-First pref. is red, at option of co.lat 115 and thy.
Bonds.
-Of Elmira W., Lt. & 11R. 1st cons. M. of 1906. $1,661,000, are
reserved for prior liens and $355,000 pledged as collateral for the coll, trust
bonds of 1914. Coll, trust bonds are secured by $355,000 1st consol. M.54.
V. 83. p. 893: V. 86, I>. 720.
Dividends.
-On 1st pref. I X% quarterly is being paid. On 2d pref.,
'
24% paid semi-ann. from Sept. 1907 to and incl. March 1914. On July 1
1914 1 2-3% was paid,covering four months, and in Oct.1914 div. of 134%
was paid,the rate being 5% quar. instead of semi-ann.(V. 99, p.608) On
common. 1st div.-1%-paid Oct. 1910. In 1911. 1912 and 1913, 4%.
ROAD,&c.-ComprIses 45 m. of single track in Elmira and connecting
the suburban towns of Elmira Heights, Southport and Horseheads, from
Horseheads to Watkins, via Millport and Montour Falls, to Seneca Lake.
95 cars. 75 and 90-1b. girder rails. Owns Rorick Glen Park,
-Includes reservoir, cap. 5,000,000 gall., 2 storage
Water Department.
reservoirs, filter and pumping station,cap. 16,500,000 gall. About 94 miles
of water mains with 8,075 services and 566 fire hydrants.
Gas Department.
-Supplies nat. and art. gas. Art, gas dept. consists of
coal gas plant with daily generating capacity of 150.000 Cu.ft. and 200,000
cu. ft. holder capacity and 32 miles of mains.
Electric Dept.
-Two 5,250 k.w. turbines and four 750 h.p. boilers. Old
power station has 4.250 k.w, capacity, with new 823 h.p. boiler and three
800 k. w. step-up transformers.
EARNINGS.
-For cal. year 1913. gross, $1,015,052: net, after taxes.
$418.008: interest, $250,000; balance, surplus. $168,008.
-Pr., S. J. Dill; Sec. and Treas.,
OFFICERS.-Pres.. Ray Tompkins; V.
C. A. Kolstad; Acting Gen. Mar.. F. H. Hill; Asst. Sec., Henry Morgan.
-V.87. p.778; V.92. p.397: V.95. p. 176; V.96,P. 1156:
61 B'way. N.Y.
V.97,p. 802; V.98.P. 1392, 1459. 1920; V.99,P.608, 815.

EL PASO, TEXAS.
-Incorporated in New Jersey and owns the
EL PASO ELECTRIC CO.
securities of the El Paso Elec, Ry.Co. and the El Paso & Juarez Trac. Co..
comprising practically all the electric lighting and the entire street railway
business of El Paso. Tex., and Juarez, Mexico. Railway franchise in El
Paso expires In 1951; in Juarez In 1988. Lighting franchise in El Paso exes in 1952: In Juarez in 1915. In 1909 increased pref. from 5500.000 to
1000.000. V. 90, p. 109. 8500.000 corn. stock Is owned by Pub. Serv.
vest. Co.
On Jan. 15 1913 the directors voted to offer stockholders $250.000 common stock at par at close of business Feb. 1. V.96, p. 202.
On March 9 1914 shareholders authorized an increase In the authorized
amount of common stock from 82.000,000 to 53,000.000. V.98,P.839•
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common, $3,000,000 ($100)-$2.373.700Sept'14.2 %
QM
Pref $1,000.000 6% n-c ($101 -__
6 J-J
1.000.000 July'14. 3%
Collet trust mtge 81.000.000 1902
5 g J-J
1,000.000 Jan 1 1932
($1.000) gold
ctf Int. at State St. Trust Co., Boston. trustee.
Bonds.
-Collateral trust bonds cannot be called and no sinking fund.
Dioldends.-First div.. 3%.on pref. stock, was paid Jan. 121903;also 3%
on July 13 1903; 1904 to July 1914. Incl..6% per ann. On corn.. 1st div.,
2%. Mar. 1910: Sept., 2: in 1911, 5%;in 1912. Mar.,3% Sept.. 34 V.,: In
1913, Mar., 3Si %;in June 1913 began to make guar. divs. and paid 2%;
also Sept.. 2
%; Dec-. 2%: In March 1914 increased rate, and 24% was
paid; June, 2X %•, Sept.. 234%.
EARNINGS.
-Of combined companies for 12 months ending June 30
1914, gross, $963,471; net after taxes, $430,703; other income. $3.346:
interest charges. $51,307; balance, $382,741.
ROAD.
-Operates 47.5 miles of track in and between El
and Juarez, Mexico: 77 cars: standard gauge. Will build, it Paso. Tex.
is reported,
from El Paso to Fabens. 35 miles.
OFFICERS.-Pres., Marshall M. Phinney: V.
-P., Joseph Remick and
Guy L. Weymouth;Treas., Henry B. Sawyer; Sec., Chester M.
Clark:
Gen. Mars Stone & Webster Mgt. Assn.
-V.94. p. 559; V. 95. p. 616;
V.96, p. 135, 202. 1556; V. 98, p. 610. 839.

r.

ESCANABA, MICH.:7- -

•

ESCANABA TRACTION CO.
ORGANIZATION.
-Reorganization in Aug. 1909 of
St. By. and Escanaba Power Co. Does electric light andEscanaba Electric
power business in
Escanaba,Gladstone and Wells, Mich. Is allowed to carry freight.
STOOK AND BONDS- Date.
Interest. Outstanding, Maturity.
Stock $500,000
14, $500.000
1st & ref mtge $600,000 goldI 1909
5 J-J .11 365,000
See text
($1,000)
c*-cptlInt. at First Say. &Trust Co.
Milwaukee.
Second mortgage
a, 200,000'

-Of 1st & ref. bonds,$225,000 are for additions and impts. at 80%
Bonds.
of cost, under restrictions. Bonds mature $10,000 annually from 1914 to
1933 incl., remainder in 1934. They are subject to call at 103 and int, on
any int. date. Michigan Trust Co.. Grand Rapids, trustee. V.92, p. 1564.
EARNINGS.
-For year ending Dec. 31 1913. gross. $122,642; net,
$59,835; int., $33,300: surplus. $26,535.
-Owns and operates street railway in Escanaba and an interROAD.
urban road to Gladstone. which was placed in operation in July 1910. Power
plant capacity. 1,300 h. p. A new dam on Escanaba River, providing
3,000 additional h. p., was completed in summer of 1912.
-P., J. C. Kirkpatrick; Sec. & Gen.
OFFICERS.-Pres., J. IC. Stack: V.
-V.92. p.1564.
Mgr..P.L.Utley;Treas.. M.N.Smith.all of Escanaba.

EUREKA, CAL.
HUMBOLDT TRANSIT CO.
ORGANIZATION.
-Incorporated in California July 31 1903.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
5500,000
Stock $1,000,(.00 ($100)
5 g A-0
193.000 Oct 1 1934
1st mtge $1,000.000 (51.000)1 ____
gold
cScr_ntf('Union Trust Co. of San Fran., Trustee.
Bonds are not subj.to call. A sk.fd. of 2% of bonds out began Oct. 1910.
EARNINGS.
-For cal. year 1913.gross 587.480; in 1912. gross, $86.455.
-60-lb. Trails.
-Comprises 13 miles of track in city of Eureka. 45
ROAD.
-P.,0.P. Pomeroy: Sec. and
OFFICERS.-Pres.. Wm.Butterworth; V.
Treas., Horace R. Hudson; Mgr., F. C. Morrison.

EVANSVILLE, IND.
EVANSVILLE RAILWAYS CO.
-Incorporated in Indiana in August 1907 to control
ORGANIZATION.
the Evansville & Eastern Electric By.. the Evansville & Mt. Vernon Electric By.and the Evansville Terminal Ry. In April 1913 absorbed these
lines outright and acquired the capital stock of the Henderson Trac. Co.
and the Owensboro City RR. V. 96, p. 1488.
On Aug. 25 1911 the Evansville Henderson & Owensboro By. was incorp.
-all owned by Evansv.
in Indiana (com, stock auth. and out., 550,000
Rye.; pref.. $250,000 auth., $150,000 out.) to build a line from Evansville
to Henderson and ultimately to Owensboro. New company has leased
fiji miles of Illinois Central tracks between Evansville and Henderson and
has electrified same. Line was placed in operation from Evansville to
Henderson July 28 1912. V. 93. p. 730.
In April 1913 increased its auth. common stock from $1.000.000 to $2.000.000. V. 96. p. 1156.
In 1913 the Indiana P. U.Comm.granted permission to sell or hypothecate $273,000 5-year 6% notes at not less than 75%, to pay floating
debt of $204.732. &c.
Outstanding. Maturity.
STOCK AND BONDS- Date. Interest.
51.164.000
Common 52,000.000 (5100)J-J
354.900
Pref.. 5500,000.6% cum _____
See text.
5%
1953
First and refunding mort-1 1913
tf(Pittsburgh Trust Co., Pittsburgh, Trustee.
gage $5,000,000
See text. April 1 1918
6%
tf 1913
Notes
689,000 Apr 1 1936
5 g A-0
Evans & E Elec By let mort-{ 1906
gage, 5750.000. gold MOO Int. at American Trust & Say. Co., Evans
ville or Pittsburgh Trust Co.. Trustee.
and $1,000 (closed M)c*tf
350,000 Oct 1 1925
Evans & Mt V Elec Ry 1st M1 1905 5 g A-0
$350,000 gold (51.000)c*tffInt. at Amer. Tr.& Say. Co.,Evansv., Trus.
300,000 Jan 1 1939
Evansv Term By 1st mtger 1908 5 J-J
$300.000 gold ($1,000). tf;Int. at Am. Tr. & Say. Co., Evansv., True.
gu p & by Evans Rys Co.( and Ills. Tr. & Say. Bank, Chicago.
Stock and Bonds.-Pref. stock can be called at any time at par. Of the
55.000.000 mtge. bonds of 1913, 51.331,500 are set aside to retire underly•
lug issues, $2,868,500 for future requirements and $800,000 are immediately
available, of which $273,000 were authorized In Sept. 1913 by the Indiana
P. S. Commission. See V. 97. p. 802. Of the 6% notes, $273,000 auth.,
$273,000 had been certified up to Sept. 11914. They are secured by
$800.000 1st & ref. bonds. Of the Evansville & Eastern Electric Ry. bonds,
$51,000 are reserved for ext. St impts. at 85% of cost. Are subject to call,
in whole or in part, at 105 and interest on any interest day upon 90 days'
notice: $2,500 is payable annually to a sinking fund from 1910 to 1920;
from 1921 to 1936 $5,000 per annum: $10,000 bonds were held in sinking
fund Jan. 1914. Sinking fund of $10,500 per annum began Oct. 1 1910 on
Evansv. & Mt. Ver. Elec. By.. to be invested in ten bonds ann. at 105.
Subject to call at any int. period at 110. Evansv. Term, bonds are red. at
105 and int. on any int, day at 60 days' notice. Sink, fund begins 1912.
EARNINGS.
-For year ending July 31 1914, gross, (not incl. Hend.
Trac. and Owensboro City RR.), $263,462; expenses, $167.345; net,
$96,117; in 1913. gross, $249,442; expenses, net, $160,597: net,$88,845.
ROAD.
-The Evansville & Eastern road consists of 31 miles of track
from Newburgh (from which point It enters Evansville over tracks of the
-mile branch
Evansville Terminal Ry.,10 miles) to Grandview,including a 4
to Richland. The Evansville & Mt. Vernon road consists of 20 miles of
track from Evansville to Mt. Vernon. Evansv. Henderson & Owensboro
comprises 10Si miles of track from Evansville to Henderson. Total length
of lines. 7114 miles. First two roads do an interchange car-load freight
service with steam roads.
-P.. W.A. Koch;Sec.& Treas..
OFFICERS.-Pres., W.H.McCurdy; V.
-V.90. p. 1362; V. 93. p. 730:
C. II. Battin: Gen. Mgr.. W. A. Carson.
1156. 1488: V. 97. p. 594, 802.
V. 96, p.
-Street railway.
(1) Henderson Traction.
Acquired by Evansville Rys. in May 1913. V. 98, p. 1488.
-Incorporated in Kentucky Feb. 22 1907 as a sucORGANIZATION.
cessor to the Henderson City By.,sold at foreclosure on Feb. 18 1907. The
-year franchise granted in Oct. 1886, and also controlled
old railway had a 30
the Henderson Ferry Co., which has since been sold. V. 84, p. 508.
STOCK AND BONDS- Date. Interest. Outstanding. Maturity.
5149,800
Stock.$150,000($100)__
105.000 Apr.15 1927
5 g A-0
First mortgage. 5150,0001 1907
(51,000,5500,$100) gold tflInt. at Ohio Bkg.& Trust Co., Henderson,Tr
-$133,000 bonds issued but $28.000 held in treasury. Remaining
Bonds.
517.000 are reserved for extensions and improvements. Subject to call on
April 15 1917 and 1922 at 105. No sinking fund.
-For year ending July 31 1914, gross, $34,188; expenses.
EARNINGS.
$23,767; net, $10,421.
-Operates 6 miles of street railway. V. 90. p. 1363.
ROAD.
-Street railway.
(2) Owensboro City Railroad.
Acquired by Evansville Rye. in May 1913. V. 96. p. 1488. An extension down the Ohio River is contemplated. V. 90. p. 1364.
-Chartered in 1886. Franchise runs till 1936 and
ORGANIZATION.
gives exclusive rights to operate street railway in said city.
BONDS- Date. Interest. Outstanding. Maturity.
STOCK AND
575,000f.p
Common.$75,000 (par $50)200.000 Jan. 1 1932
J-J
1st mtge.. $200,000, gold' 1902 5 g Louisville Trust Co., Trustee.
(81.000). c&r, not red__ tflInterest at
200.000 May 1 1933
General mortgage.$200,000tfj 1910 6 MN
lAmer. Tr.& Say. Co.. Evansv.,Ind., Trustee
-For fiscal year end. July 31 1914, gross, $69,857; exEARNINGS.
penses. $48,658; net, 510.421.
ROAD.
-Owns 1214 miles of street railway in Owensboro and suburbs;
56 and 70-1b. rail; 30 motor cars, double West.. 68 G. E. 800; 7 trailers;
25 10
-ton and 525
-ton coal cars. Power house 600k. w.capacity. V.90.
9.1364.
EVANSVILLE SUBURBAN & NEWBURGHR,Y.
-Incorporated in Indiana in Dec. 1888. with a perORGANIZATION.
petual charter. Pass. business hauled by electricity and freight by steam.
Does a car-lot freight and express business. Has private right-of-way.
STOCK AND BONDS- Date, Interest. Outstanding. Maturity.
3307,400
Stock,$500.000($1OO)_____
490.000 July 1 1934
5 g 5-3
1st mortgage. $500,000. gold{ 1904
($500 and $1,000).---ett Interest at Evansville Trust & Say. Co..
Trustee, or Nat. Bank of Commerce. N.Y.
Bonds.
-A sinking fund of $2,500 per annum commenced July 1 1910,
which will retire bonds at 105. All or any part of bonds redeemable
after 15 years at 105. $10,000 have been retired. V. 96. p. 1365.
EARN INGS.-For yr. end. June 30 1914. gross. $125.044: net. $45.162.
ROAD.
-Operates 25 miles of track from Evansville to Newburgh. with
a branch off the main line through Stevens Station and Chandler to Boonhas also 5 miles of side-track; total. 30 miles. 70-1b. T rails.
ville:
OFFICERS.-Pres., F. W. Cook; V.
-P. & Treas., Lee Howell; Sec. /4
Con. Mgr.. Gus Mulhausen.-Y. 83. p. 271; V. 96, p. 1365.




xoix.

ELECTRIC RAILWAYS

50

FAIRMONT, W. VA.
MONONGAHELA VALLEY TRACTION CO.
-Organized in W. Va. on May 18 1912. Is a conORGANIZATION.
solidation of Fairmont & Clarksburg Trac. Co., Fairmont & Northern
Trac. Co. and Clarksburg & Weston Elec. Ry. Owns and controls entire
street railway business in Fairmont and Clarksburg (incl. entire electriolight and power business in Fairmont) and an interurban road connecting
the two cities, with branches extending to various cities and towns. Franchises in Fairmont are perpetual. In other cities and towns extend for 50
years, the shortest expiring in 1952. Interurban are on private right of
way. Franchises over county roads and bridges in Marion and Harrison
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.
$5,000,000 July'14,1Si
Common, $5,000,000_
Fret, 5% (cum.). $2,500,000_ -__F
-A
2,059,000 Aug'14, 234
First & ref M.$15,000,000, gi 1912
2,500,000 June 1 194
5 J-13
($500 & $1,000).
.c*&r* tf Fidelity Tr. Co., Balt., Trus. Int. in N.Y.
Fairm & Clarksb 1st M,$2 -1, 1903
2,500,000 Oct 1 1938
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 extens. under certain restrictions.
Red. at 105 and int. on any int. day on or after June 11922. 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 cornmon-2%-paid Jan. 1913; July 1913. 13:5%; Oct., 114%. In 1914, Mar,
114 %; July, 114%
EARNINGS.
-For year ending Dec. 31 1913, gross. $960,269; net,
$565,136: interest, $250,000: balance, $315.136.
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
-lb. T rail.
OFFICERS.-Pres., S. L. Watson, Fairmont; V.
-P.. 0. W. Watson.
Baltimore, Md.; Sec. & Treas., Walton Miller, Fairmont; Gen. Mgr.,Jas
0. Watson, Fairmont.
-V.94, p. 827.912. 1384, 1508. 1627; V.95, p. 176;
V. 96, p. 1840; V. 97, p. 1115; V. 98, p. 1993.

FARGO, NORTH DAKOTA.
-A trolley road.
FARGO & MOOREHEAD STREET RAILWAY CO.
Stoca is all owned by Consumers' Power Co. of Minnesota.
OfIGANIZATION.-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 53' 1st mtge. and $100,000 ($500) 6% 20-year 2d mtge.;
-J.
both issxes due 1925; int. 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 miles. Standard gauge. 70-1b. T rail.
EARNINGS.
-For 12 mos. ending July 31 1914. gross, $123,615; net,
$48,947.

FISHKILL-ON-THE-HUDSON, N. Y.
-A trolley road.
FISHKILL ELECTRIC RAILWAY CO.
Leases the Citizens' St. RR., L. & P. at a rental of $8,255 per annum.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
$50,000
Stock,$50,000
1915
50,000 July
First mortgage. $50,000
1895 6 5-5
EARNINGS.
-For year ending June 30 1913, gross. $61,753; net. $21.231; charges, $17,526; surplus, $3,705.
ROAD.-Owns 414 and leases 3 miles. Total,714 miles.
-P., W.J. Conklin: Sec.. W. H.
OFFICERS.-Pres., John T. Smith; V.
Southard; Treas., G. W. Patterson.

FITCHWOMG, 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 5450,000 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.
Interest. Outstanding. Maturity.
Date.
STOCK BONDS,&c.See text.
$
, 0
Stock *700,000 (5100)150,000 April 1 1917
Fitch & Leo 1st mtge (35OO), 1897 5 A-0
c Interest at First National Bank,Boston.
$150,000
-A
150,000 Feb 1 1921
Fitch & Leo con mtge. $350,- 1901
434 F
'Int. at Boston Safe Dep.& Tr. Co., Trustee.
000(51,000)
5 g F-A
L S & A 1st mtge, $100.000 1905
100,000 Feb 1 1921
c* Int. at Boston Safe Dep. It Tr. Co., Trustee.
gold ($1,000)
Guar. p. & i. by Fitch. St Loom. Street By.
Current liabilities June 30 191
764.000
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.
-For years ending June 30 1914 and 1913:
EARNINGS.
1914.
1913.
1914.
1913.
Gross
$328,041 $319,963 Dividends paid__ $27,000 $27,000
Net
108,570 111,247 Balance, surplus,
Int., taxes,
79.180
74,224
for year
10,023
2,390
OFFICERS.-Pres., Supt. and Purch. Agent, W. W. Sargent; V.-P.
H. I. Wallace; Clerk and Counsel, O. F. Baker; Treas., R. N. Wallis, allot
Fitchburg -V.80, p. 1478* V.85,P. 468, 722; V.87. p. 812.

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. B. Lt.Co.and the Fond du Lac & Oshkosh
&
Elec. Ry. 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. By. V.
88,9. 1252.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock$500.000 MOO)_______
$500,000 In 1914,6%
Fond du Lac St Ry & L mtge 1899 5 g J-J
18,700 July 1 1924
$250,000 ($500) g_r&c*ntt Int. at Nat. Exch. Bank, Milwaukee.
1st mortgage 51,500,000 gold 1903
5 g A-0
1,196,000 Oct 1 1923
($1.000)
c8tfjInt. at First Say. & Tr. Co., Milw., Trustee.
-$206,000 1st M. bonds are reserved for prior liens and $98,000
Bonds.
are in treasury. Bonds are subject to call on any int. date at 103 and int.
upon 6 mos. notice. The Fond do Lac St. By. & Lt. bonds cannot be
called. They are guaranteed p.& i. by the Eastern Wis. By.& Lt. Co.
Dividends.
-4% per annum has been paid from 1907 to 1912 incl. In
1913. 6%.
ROAD.
-Operates 27 miles of track In Fond du Lac and between Fond
du Lac and Oshkosh. Plans are being considered to extend lines in east
and west sections of Fond du Lac. 70
-lb. T rails.
REPORT.
-For fiscal years ending June 30:
Gross
Operating
Net
Earnings. Expenses. Earnings. AcTcrited. Charges.
a e
s
$326.312 $187,659 $138,653 517.418 $62, 19 $59,116
1913-14
58,959
316,145
56,482
1912-13
186,341
129,804
14,363

51

ELECTRIC RAILWAYS

SEPT. 19 4.]

-P., J. F.Pritchard,
OFFICERS.-Pres.,H.F.Whitcomb,Milwaukee: V.
Manitowoc, Wis.; Sec. & Treas., H. F. Whitcomb Jr., Milwaukee; Gen.
Man.. J. P. Pulliam.
-V,87. P. 346; V.88. p. 1252; V. 98, p. 999.
(1) Wisconsin Electric Ry.-A trolley road.
-Incorporated Aug. 16 1908 in Wisconsin and
ORGANIZATION.
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. By. 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
-A
5F
1st mtge 31,500,000 goldl 1908
($500 and $1,000)-Ottf Int. at Wisconsin Trust Co.. Milw., Trustee.
Bonds.
call at 105 on 6 weeks' notice.
-Bonds are subject to
REPORT.
-For fiscal years ending June 30:
Fixed
Taxes
Balance,
Net
Gross Operating
June 30
Earnings. Expenses. Earnings. Accrued. Charges. Surplus.
Year$126,323 $74,208 $9,478 $40,383 $24,347
$200,531
1913-14
24.154
7.370
38.837
70,361
132,067
202,428
1912-13
ROAD.
-Owns 46 miles of road-18.5 miles to Oshkosh. 26.5 miles of
interurban raod running from Oshkosh to Neehah and to Omro and 1 mile
in Neenah.
-P.. Clement C. Smith; Sec. &
OFFICERS.-Pres., H. F. Whitcomb; V.
-V.87, p. 348, 481; V.88,
Treas., H. F. Whitcomb Jr., all of Milwaukee.
p.1255; V.98, p. 1001.

FORT DODGE, IOWA.
-See"Railroad and
FORT DODGE DES MOINES Sc SOUTHERN R R.
Industrial" section.

FORT SCOTT, KAN.
THE FORT SCOTT GAS 3c ELECTRIC CO.
Plant is being entirely rebuilt.
-Incorporated in Kansas in 1900, and is successor
ORGANIZATION.
to thd Fort Scott Electric Light & Power Co., Citizens' Electric Street By.
Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franchise expires
April 23 1922.
Inter est. Outstanding. Maturity.
STOCK AND BONDS- Date.
$350,000
Stock $350,000 ($100)185,000 April 1 1922
5 g A-0
1st mortgage $250,000 goidi 1903
($500), sinking fund_ _ __c* Int. at Chicago Title & Trust Co., Trustee.
289.000
6%
New mortgage.$350,000-- ---Int. at Vandeventer Tr. Co., St. Louis, Mo.
($500)
Bonds.
-Of the $250,000 1st M.auth.,$50,000 are reserved for extensions
have been retired. The following amounts are payable annuand $15,000
ally to a sinking fund: In 1908 and 1909, $3,500 per annum; in 1910 and
1911, 34,000 per annum; in 1912 and 1913, $4,500 per annum;in 1914 and
1915, $6,000 per annum; in 1916 and 1917, $7,000 per annum; and from
1918 to 1921 inclusive, $10,000 per annum.
-For calendar year 1910, gross, $65,000; net. $33,000.
EARNINGS.
-7 miles of track in Fort Scott. Gauge,4 ft.; 45 to 80-lb. T rails.
ROAD.
OFFICERS.-Pres.,J. E. McKinney,St. Louis; 1,.-P., R.E. L. Winter,
St. Louis; Sec.-Treas.& Gen. Man.,F.D.Martin,Ft. Scott.-V.77.p.1294.

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Ft W & W Val Tr 1st cons M1 1904
5 g M-S $6,966,000 Mar 1 1934
87,500.000 g (51,000) _c*tf'Int. at Commercial Tr. Co., Phila., trustee.
Ft W & W Vail Tr car trusts
Series "A ($1,000 each)_tf
See text
__
5F
-A
$45,000
Ft W & N Ind Tr
Series "B ($1,000 each)_tf .....
See text
18,000
5 M-S
Wabash Riv Tr Co 1st mtge I 1901
1931
-A
275,000
5g F
$350,000 ($1,000) g - _*n tf Int. at N.Haven Tr. Co.,N.Haven,trustee.
Ft Wayne Tr mtge 31,500,- 1899 4 g A-0
29,000 Oct 1 1929
c
000 gold ($1,000)
*tf Int. at Guard. Tr. Co., Cleveland, Trustee.
Lafayette Street By 1st mtge 1893 54 J-D
225,000 June 1 1923
(31.000 each) $225,000c*tf'Int. at Real Estate Tr. Co., Phila., Trustee.
Laf & Log Tr 1st M $1,000.1 1906
849,000 June 1 1936
6 g J-D
000 g ($1,000) gu p & ic*tf Int. at Guar. Tr.& S. D.Co.,Phila., Trustee
Ft W B & M 1st M $400,000 1905 5 g J-J
400.0(s0 July 1 1935
gold ($1,000) guar p & ltf Int. at Guar. Tr.& S. D. Co..Phila., trustee
Ft W Power Co mtge
tf 1907
5 M-N
57.700 Nov 1 1937
Int. at Guar. Tr.& S.D.Co.,Phila.,trustee.
Stock.
-Both corn, and pref. stocks are listed on Phila. Stock Exch.
V. 94, p. 826.
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
as a whole on any int. day on or after Mar. 1 1916 at 105 and int. In addition
to bonds noted above there are $3,500 lost bonds of the Loganspt By. outstanding, due Sept. 1 1929. The Ft. W.& W. V. consols of 1904 are not
subject to call bef ore maturity. They are listed on Phila. Stock Exch. The
Wab. Riv. Trac. Co. 55 of 1901 are subj. to call at any time at 105 & int.
Lafayette & Logansport 1st M. is closed; no more bonds can be issued.
The Lafayette St. By. 1st M. Gs were extended for 10 years to June 1
1923 at 5%% interest.
Car trusts are guar., p. & I., by end. by Ft. Wayne & Wabash Vail. Trac.
Co. The Penn. Co. for Ins. on Lives & Granting Annuities is trustee.
The notes of 1914 are secured by $1,941.000 1st & ref. 5% bonds of the
company which are included in the $3,000,000 outstanding reported above.
An additional 5500,000 of notes may be issued, but only with the approval
of the Commission and under the terms of the mortgage securing the
bonds pledged as collateral. V. 98, p. 1156.
Dividends.
-On pref., 14% guar.,from organization to Sept. 1912. In
May 1913 a scrip div. of 3% was paid, covering divs. payable Dec. 1912
and Mar. 1913. See statement in V. 96, p. 1422. None since.
ROAD.
-Operates 209 m. main track connecting Ft. Wayne, Huntington, Wabash Peru, Logansport, Delphi, Lafayette and Bluffton; also local
lines in Ft. Wayne,Wabash,Peru.Logansport and Lafayette. Total track,
220 miles. At Logansport, Peru, Wabash and Bluffton connection is
made for Indianapolis over tracks of Indiana Union Traction Co. In May
1906 began through service between Ft. Wayne and Indianapolis over
tracks of Union Traction Co. of Ind. See V. 82, p. 1101. Rails, 60. 70.
72. 80 and 90
-lb. Owns 2 power houses and 4 pleasure parks. Owns
180 pass. cars and 60 other cars. Controls entire electric light and power
business of Ft. Wayne.
REPORT.
-For calendar years ending Dec. 31:
Calendar
Gross
Net (after Other
InterBalance,
YearEarnings.
Taxes). Income.
est.
Surplus.
1913
S1,814,643 8696,507 52,934 3527.182 8172.259
1912
1,708,875 648,493
4.223
509,790
142.926
OFFICERS.
-Chairman of Board, J. Levering Jones; Pres., James M.
Barrett, Ft. Wayne; V.
-P. & Treas., Henry C. Paul, Ft. Wayne; Sec.,
H. E. Vordermark, Ft. Wayne; Asst. Sec.. H. J. Alker, Phila.-V. 92,
i tT4, 794. V.94, p. 826,982, V.96,p. 1298, 1422. V.98,p. 1071, 1156.
)
i

FORT SMITH, ARK.
FORT SMITH LIGHT & TRACTION CO.
Standard Gas & Elec. Co.(V. 93, p. 1327) owns $949,900 com.,$798,700
pref. stock. $150,000 1st M.bonds and $300,000 deb. Os of the company.
-Incorporated in Arkansas on April 13 1903 as a conORGANIZATION.
solidation of the Ft. Smith-Van Buren Light & Transit Co. and the T.Smith
Trac., Lt. & Pow. Co. Owns all physical property, contracts, rights and
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 1912 fixed the price ot gas at 25c. per 1,000 cu. ft.,
but company obtained a court injunction, and subsequently the ordinance
was rescinded.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$950,000
Common,$1,500,000 ($100)See text
1,410,000
0
Q-J 15
Fret 35,000,000(3100) 7•7 cum.___ _
2.671,000 Mar 1 1936
5 g M-S
First mortgage $6,000,000 g f 1911
s f ($500 and $1.000)........c4 jot, at Illinois Trust & Savings Bank, Chic.,
Trustee,or at agency ot co.in N.Y.or Bog.
300.000 May 1 1918
Debenture notes, $300,000-- 1913 6 M-N
Stock and Bonds.-Pref. stock is red, at any time after 3 years from issue
at 110 and accrued div. Remaining 1st M. bonds can only be issued tor
75% of cost of additions, improvements and extensions under certain restricbions. See V. 92, p. 956. Subj. to can as a whole or in part on any
int. day at 105 and int. Cash sink. td. of 17 yearly 1914 and 1915. 1 %
0
yearly 1916 to 1918, 2% yearly 1919 to 1923 and such amounts thereafter
as by July 1 1935 will make total sic. fd. 40% of bonds certified. V.92. Is.•
958. Bonds are listed on N. Y. Stock Exchange. V. 94, p. 487.
Dividends.-Pref. is cum.from Jan. 1 1912. 1st div. on pref.-14
paid April 15 1910; July, 1)%: Oct.. 1j% and 1%% quar. since to%and
including April 1913; none since.
EARNINGS.
-For year end. July 31 1914. gross. $531.601: net, after
taxes, $189,091; int., $151.480; sur., 534.611.
ROAD.
-Owns and operates 31 miles of track on 12 miles of streets in
Ft. Smith and suburbs. Standard guage.80
-lb. and 80
-lb. T rail. 58 cars.
Owns a park of 110 acres. Also gas works for distributing natural and artificial gas, with 61 miles of mains, and electric power and lighting plant
generating capacity. 5.350 horse-power and pole line ot about 117 miles.
OFFICERS.-Pres., A. S. Huey; V.
-P., H. M. Byllesby; Sec., John
Brizzolara; Gen. Mgr., H. C. Hoagland; Treas. & Aud., N. I. Garrison;
Mgrs., H. M.Byllesby & Co.,Inc.
-V.88, p. 505; V. 90. p. 238, 303, 372;
914; V. 92. p.881,958. 1032, 1178, 1636; V.94. p. 487; V.95, p. 47; V.97.
p.298, 1733.

FORT WAYNE, IND.
FT. WAYNE & 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 Indianaon 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. Roth.& Nor. Trac. Co.
Ft. Wayne & Southw. Trac. Co.
Ft. Wayne Traction Co.
Wabash-Logansport Traction Co.
Lafayette & Logansport Trac. Co.
Wabash River Traction Co.
Furnishes electric light in Ft. Wayne, Roanoke and Delphi; municipal
franchises extend to 1935 and 1998, except in Ft. Wayne, which for more
of street railway are perpetual, the balance being for outlying extenthan
sions and extending to 1937. Lighting franchises in Ft. W.extends to 1935.
$1,000,000 com., $1,000,000 pref. and 51,000.000 1st and ref. bonds of
the Ft. Wayne & Nor. Ind. Trac. wore issued tor $1,500,000 new cash.
Holders of Ft. Wayne & Wabash Valley corn, received only 44.44% in the
COM, stock of the Ft. Wayne & Nor. Ind. Trac.; holders of pref. received
for 8. but had to pay 517 50 per share in cash.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common,$4.000.000 ($100)$4,000,000
Pref,6%(eum).34,000,000($100)
Q-M
2.500.000
See text
let & ref mtge S15,000,000- tf 1911
5%
3,000.000 Mar 1 1931
Coll notes $1.200,000 all 1914
5 g M-S
1,164.000 Mar 2 1919
000) red at 100 & int on 30 Central Trust Co., New York, Trustee.
days' notice_
c*




FORT WORTH, TEXAS.
NORTHERN TEXAS ELECTRIC CO.
-A holding company.
Of the common stock, $500,000 Is owned by Pub. Service Invest. Co.
ORGANIZATION.
-Incorporated in Maine Nov. 16 1905 and owns the
entire stock and participating bonds of the Northern Texas Traction Co..
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. Enters Dallas over its
own tracks. See V. 89, p. 411.
The Fort Worth Southern Trac. Co.(a subsidiary) incorp. in Texas June
29 1911 to own and operate an interurban railway between-Fort Worth and
Cleburne, changed its name in 1914 to the Tarrant County Traction Co..
and at the same time increased its stock from $1,500,000 to $2,500,000
-all owned by the Northern Texas Elec. Co.)
(outstanding $1,000,000
Operates a line between Fort Worth and Cleburne,Tex.. 32.5 miles, and it
is proposed to extend the line from Cleburne to Denton. the rights of the
Fort Worth-Denton Interurban Co.haying been acquired. V.99.p. 121.122.
Franchises of Northern Texas Trac. Co. in Ft. Worth expire in 1973; in
Dallas in 1920 and 1953; others oetween 1945 and 1950; has private rightof-way outside of cities. Ft. Worth So. Trac. Co. in Ft. Worth and Cleburne expire in 1936; between these cities has private right-of-way, except
In towns,&c.,in which cases its rights expire in 1961. V.92. p. 1243. Road
was completed in Aug. 1912 and began operation in Sept. 1912.
On Feb. 24 1913 shareholders voted DO increase auth. pref. stock from
$4,500,000 to $5,000,000 and the com. from $2,500,000 to $5.000,000
(V.96, p. 488,654), and holders of both classes of stock were given the right
to subscribe for $650,000 new common stock at par. V. 96, p. 790.
Interest. Outstanding. Last Div.
STOCK AND BONDS- Date.
$3,150,000 Sept'14,14
Common 85.000,000 ($100)
Q-M
M&S
4,000,000 Sept'14.3%
Pref 6% n-c 55,000,000 (3101
3,063,000 Jan 1 1940
Coll trust M $10,000,000 gold 1910 5 g J-J
sink fund (see text)c*&r*tf Int. at Commonwealth Tr. Co.,Bost.,Trust.
2,500,000 Jan 1 1933
5 g J-J
No Tex Trac lst M $2,500,0001 1903
d
gold-no sinking Int. at Citizens' Say. & Tr. Co.,Clev., Trus.
fund
or at Chase Nat. Bank, New York.
c*tt
No Tax Trac participating M.. ____
*2,024,000
•All deposited as part collateral for the collateral trust 55 of the North
Texas Electric Co.
Stock.
-The pref. stock is redeemable at 110. V. 94, p. 1449. Both
classes of stock are listed on the Boston Stock Exchange.
Bonds.
-Of the coll, trust bonds,$2.500,000 are reserved to retire Northern Texas Trac. 1st Al. bonds;$3314,000 in treas.; $62,000 have been retired.
Coupon bonds are in denom. of $1,000; regis. bonds, 31,000. $5,000 and
$10,000. Callable as a whole or in part,for sink.fd. only,at 105 and int. on
any int. date. Sinking fund of 1% of bonds out began Nov. 11911. Bonds
are secured by deposit of all the stock of the North. Texas Trac. Co. V.90,
P• 373, 1239. The Northern Texas Traction Co. bonds are subject to call
as a whole on any interest day at 105 and interest.
DIVIDENDS.
-First div. on pref. (1%) paid March 1 1906 and 2%
Sept. 1 1906; 1907 to 1914 (incl.),6% per annum. First div. on com.,2%.
8
paid Sept. 1 1909; in 1910. 54%;in 1911 and 1912. 6%; in 1913. March.
144%; June. 1%
in Sept rate was increased to j8
%%uar • ec
in 1914. March, 14%; June, 14%; Sept., 14%.
%•'
q
Dec.,•"7
REPORT.
-Of the combined companies for the 12 months ending
June 30 1914, gross. $2,161,691; net, after taxes, $950,140; interest, $276,002; sink. fund, $25.589; balance, $648,549.
ROAD.-Subsid, cos. operate 145.78 miles of track,standard gauge;187
passenger and 16 other cars.
OFFICERS.-Pres., Marshall M. Phinney; V.
-Ps.. Wilbur A. Carter
and Guy L. Weymouth; Sec., Chester M.Clark; Treas., Henry B. Sawyer*
Gen. Mgrs.. Stone & Webster Mgt. Assn., Boston.
-V.94. p. 1449; V. 95•
p. 680; V.96.0.488.654,790; V.97,p.444; V.98.p. 1157. V.99,p. 121.

FREEPORT, ILL.
FREEPORT RAILWAY & LIGHT CO.
In Aug. 1912 control was acquired by Middle West Utilities Co., which
see in our "Railway & Industrial Section."
ORGANIZATION.-Incorp. in Illinois on Aug. 20 1910 as a consolida•
lion of the Freeport Ry. Light & Power Co. and the Freeport Ry.& Light
Co.(the holding company).
Franchises expire March 1 1923. Has traffic arrangement for 50 years
with the Rockford & Interurban Ry. Co., allowing ears of
that company
to enter Freeport. Also has contract for city lightimr.

ELECTRIC RAILWAYS

52

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
8701,300
Common $850,000
150,000
Pref $400,000 5% non-cum_
322,000
See text
Freeport By Lt & P 1st mtge1 1903 5 g M-N
($1,000)_____c* American Tr. & Say. Bk., Chicago, trustee.
$350,000 g
230,500 Nov 1 1935
Preen By & Lt mtge $2,000,- 1910 5 M-N
000 g ($100.$500& $1,000) Int.at Cont.& Comm.Tr.& S. B.,Ch..trus.
Bonds.-Int. on F. R., L. & P. bonds is payable at offices of Rudolph
Kleybolte Co.,Inc.,in N.Y.,Cin. and Chic. Are sub,to call after May 1
1913 by lot at 105 & int. 228,000 have been retired. Maturity of bonds is
as follows: $5,000 due in each of the years 1910, 1912 and 1913 and $5,000
annually from 1915 to 1921 incl., the remainder in 1922. A sk.fd. provides
for the payment of$2,000 per ann.for first 10 yrs. and $5,000 per ann.thereafter. Of the Preen. Ry..lt Lt. bonds,$350,000 are reserved for prior liens
and $70,500 (In addition to amount shown in table) are held in the treasury. They are subject to call at 102% on 30 days' notice in 1915. Sinking
fund begins in 1915. V.91, p. 716.
EARNINGS.
-For cal. year 1913, gross, 8163,375; net, 848,698.
-lb. T rail. Standard gauge.
-Operates 9 m. of track; 60 and 90
ROAD.
-v.91. P. 716: V. 95, p. 480.

FRESNO, CAL.
-A trolley road.
FRESNO TRACTION CO.
In 1910 Southern Pacific assumed control.
ORGANIZATION.-Incorp.in California in 1903 to build 196 m.of electric railway,including linesfrom Fresno to Wawona,79in.; Fresno to Selma,
Fresno to Trimmer's Springs and Fresno to Central and Washington Colonies. Stockholders in 1904 auth. a mtge. to secure $5,000,000 bonds.
V. 78. p. 1222.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
85,000,000
Stock 85,000,000
1904
5%
Mortgage 85,000,000
750,000 July 1 1944
Fresno City By first mtge( 1902 6 g J-J
128,000 Jan 1 1922
8150,000 gold (81,000)--c*lUnion Trust Co., San Francisco, Trustee.
Bonds.
-Fresno City bonds have a sinking fund of 83,000 per annum for
first 2 years, $5,000 per annum for next 5 years and $7,500 per annum for
next 10 years, commencing Jan. 1 1905. Bonds cannot be called. Interest payable in New York and San Francisco.
COMBINED EARNINGS.-Incl. Fresno City By. Year ending June
int. taxes,&c.,$227,952; def., $13,731.
,
30 1913,gross.$214,221; oper.exp„
ROAD.-Including the old Fresno City By,(which the Fresno Traction
operates under lease), has 31 miles of track in and about Fresno. Standard
gauge, 75-1b. T rail.
OFFICERS.-Pres., W.F. Herrin; Sec., F. C. Ambridge, Fresno; Gen.
-V.76, p. 1192; V.77, p. 1746; V. 78, p. 1222.
Mgr.,F. W.Webster.

GADSDEN, ALA.
ALABAMA CITY GADSDEN & ATTALLA RY.
-Incorporated under a special charter from the State
ORGANIZATION.
of Alabama. Operates, besides street railway, a light plant, an ice plant
and a coal yard.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
8330,000
Stock 8500,000 ($100)5 g M-N
298,000 Nov 1 1936
New mortgage $300,000 gold' 1906
tf (Interest at Trust Co.of Amer.,N.Y.,Trust.
(81,000)
bonds are reserved for further additions at 90%
-The unissued
Bonds.
of cost. New bonds are subject to call on any interest date at 106.
-Operates 11 miles of track, connecting the points named in the
ROAD.
title. Standard gauge. 40 and 70-1b. Trail. Early in 1910 began operating
-mile extension to plant of Southern Iron & Steel Co.
2
OFFICERS.-Pres., E.T. Schuler, Gadsden, Ala.; V.
-P. & Treas.,
-V.83, p. 817.
G. H. Schuler, Jacksonville, Fla.

GAINESVILLE, GA.
GAINESVILLE RAILWAY & POWER CO.
-Incorporated in Georgia in July 1909. Is successor
ORGANIZATION.
to the Gainesville Electric Ry.,sold at foreclosure. V.89. p. 103.
STOCK AND BONDS- Date. Interest, Outstanding. Maturity.
$130.500
Stock,$150,000($100)------130.500 Jan. 1 1930
J-J
Mortgage, $150,000, gold' 1909 6 g Bk.&Tr.Corp.,Atlanta,Ga..Trus.
etflInt.at Cent.
($500)
betterments. Subject
Bonds.-Remaining bonds are for extensions and
to call after 1914 at 105.
EARNINGS.
-For calendar year 1913, gross. 834.806. In 1912. gross.
835,304. In 1911, gross. 826.029.
ROAD.
-Operates 6 miles between Gainesville and New Holland and to
Chattahoochee Park. Standard gauge, 70-1b. T rail.
OFFICERS.-Pres., W. A. Carlisle; V.-P.,W. H. Slack; Sec., Opttella
Merck.
-V. 89. p. 103.

[VOL. xox.

EARNINGS.
-Of the combined companies for 12 mos. ending June 30
1914, gross,$2,457,051; net after taxes,$1,082,165: interest, $362,068;sinking funds, $72,002; balance, 8648,095.
OFFICERS.-Pres., Marshall M. Phinney; V.
-P.. G. L. Weymouth:
Sec., Chester M. Clark: Treas.. Henry B. Sawyer; Gen. Mgrs., Stone &
Webster Mgt. Assn.
-V. 95, p. 679; V. 96. e• 419. 652; V. 97, p. 666.
802. 1024: V.98,p. 155,386,522.
GARY,IND.
GARY & INTERURBAN RR.
ORGANIZATION.-Incorp. Jan. 28 1913 in Indiana as a consolidation
of the Gary & Interurban.Ry., Gary Connecting Rya., Valparaiso & Northern By. and the Goshen South Bend & Chicago RR. V. 96, p. 1422.
Prior to consolidation the last-named had owned all the stock of the Gary
Connecting Rys.. 51% of the stock of the Valparaiso & Northern By. and
about 40% of the Gary & Interurban Railway s stock, the four companies
having been operated under joint contract.
-year convertible 6% notes
Defautt.-Interest due Sept. 1 1914 on the 3
of the Gary & Interurban Fly. was defaulted and it is reported that the Baltimore Trust Co., as trustee, is taking steps to protect the noteholders.
V.99,p.674.
Assessment.
-An assessment of 10% on the outstanding capital stock
of the Gary & Interurban RR.Co. has been called, payable within 60 days,
to pay floating debt, &c. Under the laws of Indiana, in which State the
company operates, stockholders can be assessed without foreclosure, and
failure to pay the assessment within the prescribed time subjects shareholders to forfeiture of their stock. V. 99, p. 674.
Fare Reduction.
-On Aug. 18 1914 the City Council of Gary caused to
be published a notice that the company must sell 8 tickets for 25 cents.
Authority for this order is basde on the franchise granted to President
-cent fare 5 years after the line
Gavit in 1907, who, it is stated, offered a 3
was placed in operation. Cars began to run in May 1908, but in May 1913
Mr. Gavit stated, it is said, that he construed the grant to 'mean that
certain strike conditions, &c., extended the time to Aug. 15 1914. V. 99.
p. 608.
Franchises of old Gary & Interurban fly. expire as follows' In Gary, 1957.
Tolleston, 1959; East Chicago & Indiana Harbor. 1949: Hammond, 1939.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$3,707,800
Common $4,000 000(8100)1,000,000
Prof6% non-c$ ,000,000MOO)
Gary ..56 Interurban Ity1,153,
000 July 1 1930
Refunding and first mortgage 1910 5 J-J
$10 000.000 gold ($500 and Int. in N. Y. or Chic., or through Lawrence
Barnum & Co.,W.Tr.& Say.Bk.,Ch.
,Tr.a
$1,do
$1,600)
350,000 Sept 1
Cony notes 8350,000 gold 1912 6 g M
-S1915
c* Baltimore Trust Company, Trustee.
MOO and SI„,000)
Gary Connecting Rys.400 000 June 1 1921
,
First mtge $400,000 goldj 1911
513
($500 and $1,000) guar--c*(Western Tr.& Say. Bank,Chic., Trustee.a
Valparaiso & Northern fly.5 g A-0
250,000 April 1 1930
First mtge 8250,000 (8100) gj ---el Int. at Met. Tr.& Say. Bk., Chic., Tr.a
callable at 105
Goshen South Bend & Chicago RR.Coupon notes 8100.000 ($5001 1913
100,000 Nov 1 1915
6%
and $1,000) (closed) gu Pall
a William T. Abbott, associate trustee. V. 99. p. 608.
-Authority has been given to increase stock to 27.500,000 as reStock.
quired. Prof. stock is to share in dividends on same basis with common
after latter has received 4%.
Gary & Interurban Ity.-RemainIng bonds may be issued for 90% of cost
of extensions,improvements, &c., under certain restrictions. Subj. to call
at 105 and int. Sk.fd. of 1% of bonds out each year from 1915 to 1920 and
2% thereafter. V. 91, p. 1385. Convertible notes are secured by deposit
of 8500,000 (entire issue) East Chicago By. 1st M. 5s, due 1928, and all of
its $500,000 stock. Cony, into said bonds at 90 and int. on Sept. 1 1915
upon 60 days' written notice. The E. Chic, bonds are guar. p. & I. by the
Gary & Inter. Ry. The deed of trust provides that the Gary & Inter. By.
acquire the E. Ckic. By. upon the maturity of the notes, when an equal
amount of Gary & Inter. Ry. ref. 54. due 1930 will be reserved for the redemption of the E. Chic. By. lst M.5s due 1928. V. 95. p. 890. Notes
are listed on Baltimore Stock Exchange. The Goshen South Bend & Chicago notes are red. at 102 and int. on 60 days' notice. Guar. p. & I. by the
Gary & Interurban RR.. the Valparaiso Northern By. and Gary & Interurban Ry. V. 98. p. 610.
Gary Connecting Rys.-First mtge. bonds are subject to call at 105 and bit
Int. at Lawrence Barnum & Co.. New York. The bonds are unconditionally guaranteed by the Gary & Interurban RR.
EARNINGS.
-Of Gary & Interurban RR.for 5 mos. end. June 30 1913.
gross.$136,311; net.$38.242.
ROAD.
-Operates local lines in Gary and extension through T.Rest on
to Hammond and East Chicago (connecting at Hammond with lines running
to centre of Chicago). 22 miles; an extension to Indiana Harbor. 13 miles:
La Porte to Goodrwn,22 miles; Gary to Goodrum,16 miles; from Chesterton and Porter, through Goodrum to Valparaiso. 12 miles; total miles of
track, 85. Standard gauge; 60 and 85-1b. T rail.
-P.,A.O. Miller, Chi
OFFICERS.-Pres.,P.N.Gavit,Whiting.Ind.; V.
mum; Sec.. C. W.Chase. Chicago; Treas.. L. E. Woodward, Valparaiso.eg,p.359, 1422; V.97,p.950,1426; V.98,9.610; V.99,P.608.

GALVESTON, TEXAS.

GENEVA, N. Y.

GALVESTON-HOUSTON ELECTRIC CO.
-A holding company.
ORGANIZATION.-Incorp. in Maine on May 8 1907. Controls
through ownership of stock the Galveston Electric Co. and the Houston
Elec. Co., which companies do the entire electric railway and part of the
electric lighting and power business in Galveston and the entire electric
railway business in Houston. Also owns stock ot Galv.-Hous. Elec. By.,
an interurban road between Galveston and Houston, 44.5 miles, and guarantees its bonds, p., 1. and s. f. Franchises expire in Galveston in 1950; In
Houston. 1935. The interurban is on private right-of-way. $500,000
corn. stock is owned by Public Service Investment Co.
On Oct. 6 1913 the stockholders authorized an increase in the capital
stock from $4,000,000 common and $3,000,000 pref. to $5,000,000 common
and $4,000.000 pref. See V. 97. P. 802. 1024.
Shareholders were offered at par on or before Feb. 25 1914 $1.000.000
new common. V. 98. p. 522. This issue retired the convertible 6s which
fell due April 1 1914 and provided for future capital requirements, &c.
V. 98. p. 386.
Date. Interest. Outstanding. Last Div.
STOCK AND BONDS------MS 15 83.984,000 Sept'14.
Common,$5,000,000 ($100)
%
MS 15 3,000,000
Pres 84.000,0006% cum ($100)
9ept'14. 3%
Galy Electric 1st M 22,500.-1 1905 5 g MN 1,413,000
May 1 1940
cstf Int. at Old Colony Trust Co.,Boston, Trusgold (81,0)
00
tee,or at company's agency In New York.
5 g A-0
Galv-Hous El By 1st M 85,- 1909
2,974,000 Oct. 1 1954
c&rtf Int. at Old Colony Tr. Co., Bost. Trustee.
000,000 g guar
1st M $2,500,- 1900 5 g F-A
2,075,000 Aug. 1 1925
Hous Elec
000 g ($1.000) sk d....c*tf Int. at Internat. Trust Co.. Bost.. Trustee.
Stock.-Pret. Is callable at 120 and accum. div. Both pref. and corn.
are listed on Boston Stock Exchange.
-Of the bonds, $1,026,000 reserved for additions
Galveston Electric Co.
and impt,s. at 80% of cost and 861,000 have been retired. A sinking fund
bonds certified began July 1 1906,if earned, and on July 1 1911
of 1;i% of
became a fixed charge. Bonds are subject to call as a whole or in part for
sinking fund on any int. date at 110 and int. on 30 days' notice. See V.81,
13. 975
.
Galveston-Houston Electric Ry.-Of the remaining 82,250,000 bonds,
8250,000 are held in trust for benefit of company and balance is reserved
for acquisitions and impts. Denom.,coup., 8500 and 81,000; reg., $1,000
and $5,000. Subject to call on any int. day in whole or in part, for sinking
fund,at 105 and int. Sink.fund of 1% of bonds Feb. 1 1910 to 1944: thereafter 134 %. First five payments waivable. Bonds are guar., p., 1, and
s.f., by Galv.-Hous. Elec. Co. See V.90, p.697.
at
Houston Electric Co.-Entlre issue, but not any part, can be called on
payable
1073 and int. Sinking fund of 13.6% of bonds outstanding not reported
Aug. 1 each year. See V. 74. p. 680. $425,000 of bonds
outstanding was held by this fund on June 30 1914.
% semi-ann. since Sept. 1909 to and
-On common,
DIVIDENDS.
incl. Mar. 1912. amount then increased and paid 2% in Sept. 1912. In
Mar. 1913 Increased to 236%.in Sept. to 3% and in Mar. 1914 to 336%;
Sept.. 336%.

GENEVA SENECA FALLS & AUBURN RAILROAD CO.. INC.
ORGANIZATION.-Incorp. May 28 1913 as successor of the Geneva &
Auburn By.sold at foreclosure March 14 1913. Public Sex's-, Commission
authorized the sale of 8524,000 bonds at not loss than 85. V. 97 9. 298.
Interest. Outstanding. Maturity
STOOK AND BONDS- Date.
$157.100
Stock,$200.000.
1913
5%
494.000 July 1 1943
Bonds. $524.000
-Extends from Geneva to Cayuga Lake Park through Waterloo
ROAD.
mile. Rails 70
-lb. girder and 60
-lb.
and Seneca Falls, 17 miles; sidings,
T; track standard gauge.
-P. & Gen. Mgr..
OFFICERS.-Pres., R. R. Quay, Pittsburgh, Pa.; V.
Sec., L. G. Haskins, Geneva, N. Y..
W.B. Atwood, Seneca Falls. N.
Treas., H. H. Harvey, Wilkes-Barre, Pa.: Asst. Treas., W. A. Shirley,
-V.96, p. 1629: V.97, p.298.
Waterloo, N. Y.




GIRARD, PA.
CLEVELAND & ERIE RAILWAY CO.
-Incorporated in June 1909. Is successor to Con-'
ORGANIZATION.
neaut & Erie Traction Co.. sold at foreclosure. Owns all the stock and
bonds and leases the Conneaut & Erie Traction C.of Ohio, which owns
.
1.99 miles of track. Franchises are for 999 years.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock,
$300,000
$300,000.$300,000
First mtge. $800,000. gold 1909
5 J-J
500.000 July 1 1929
($250 and $500)
cInt. at Fidelity Trust Co., Phila.. trustee.
Income bonds 8500.000($250( 1909
l
y
5 July
0.
5 0 ..
C 0 00p0h
and $500)_
Phila.. trustee.
Int. at Fidelity Trust
Bonds.-Remaining first mortgage bonds are reserved for extensions,
betterments, &c. They are subject to call at 105 and int. on 3 months'
notice. Int. on income bonds is only payable if earned, and is non-cum.
They are subject to call at par. Bonds have no sinking fund. No interest
has been paid on incomes.
EARNINGS.
-For 12 mos. ending June 30 1914, gross. $120,811: net.
$47.655: other income. 8464; int., taxes and rentals, (including 816,248 for
depreciation and replacements), &c.,$54,819; deficit, $6,699.
ROAD.-Owns 31.29 miles of track. Operates between Conneaut and
Erie. Standard gauge; 60
-lb. rail; 9 passenger and 8 other cars.
OFFICERS.-Pres„ 0. E. Willock, Pittsburgh; V.
-P. J. S. Billing,
Erie, Pa.; Treas., J. R. McDonald. Erie, Pa.; Sec.. J. M,Smith, Girard.
Pa.; Mgr., R. W.Palmer, Girard, Pa.

GIRARDVILLE, PA,
SCHUYLKILL RAILWAY CO.
ORGANIZATION.
-Incorporated In Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside
RV. Co. V. 80. p. 1729.

ELECTRIC RAILWAYS

SEPT., 1914.1

In Jan. 1914 increased bonded debt from $1,450,000 to $1,600,000.
V. 98. p. 238.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock. 3400.000 (350)-----------------3400.000
640.000 April 1 1935
consol mtge.31,450.000 1905 5 g A-0
First
gold ($500 and $1.000)_c* Int. at Fidelity Trust Co., Phila., Trustee.
Bonds.
-Of the remaining first consol. bonds. $760,000 are reserved to
retire the underlying liens in statement below and 350.000 are in treasury.
Are subject to call at par and interest.
EARNINGS.
-For year ending June 30 1912, gross. $188,471; net, after
taxes.$78.622;int., &c.. 351,183: other deduc'ns. $1,917; Burp.. $25.522.
OFFICERS.-Pres., Powell Evans, Phila.; Sec. & Treas., J. A.McKee:
Phila.; Asst. Sec.& Treas., Chas.E. Hanna, Bala, Pa.: Gen. Mgr.. W. il•
Leib,Pottsville.
-V.80. p. 1729; V. 82. p. 1157; V. 87. p. 286.
-A trolley road.
(1) Schuylkill Traction Co.
-Chartered Sept. 26 1892, in perpetuity, under the
ORGANIZATION.
Motor Traction Act of March 22 1887. Road opened June 1 1893. On
Jan.6 1893 leased for 999 years the Mahanoy City Shenandoah Girardville
& Ashland Street By. On Oct. 5 1893 leased for 999 years the Ashland
Locustdale & Centralia Elec. By. Owns all the stock of these two roads,
which is pledged under the first mortgage. On April 27 1900 leased for 999
company's
years the Lakeside Ry.. which connects the two ends of theof the
2,600
5.000
routes from Mahanoy City to Shenandoah and purchasedthe
shares of the capital stock. On Jan. 24 1901 leased 1 Shenandoah &
Pottsville Street Ry. for 999 years (incorporated Aug. 1900), and from
Pottsville to Shenandoah. 13 miles, and bought an its capital stock. The
Lakeside Shenandoah & Pottsville stock is pledged under consol. mtge.
Interest. Outstanding. Maturity.
-Miles. Date.
STOCK & BONDS
35 0.000 AprIl 1 1943
5g A
lat M.$500,000. g.$500 2255 1893
,
Int. is paid at Equitable Tr. Co., Trustee. Phila.
y'iy itftei Ape.'98..c* Bonds may be purchased for sinking fund at 105.
1893 4 g M-N
150.000 Nov 1 1923
1st M. Lakeside By,g, 5
ar'd by Interest at Equitable Trust Co.. Philadelphia,
$150,000.
chuyikill Tractlon_
105,000 July 1 1951
43 g J-J
New censel mtge, seat-- 1901
text (51.000), g_-c*JInterest at Fidelity Trust Co., Phila.. Trustee.
5.000
Power-house mortgage__
Bonds.-Auth. amount of consol. mtge. was 32.000,000, but mtge. has
been closed with $105,000 out. Of the outstanding bonds 336.000 are held
in the treasury. Subject to call at 105 and interest. Sinking fund of 1%
of bonds out became operative Aug. I 1907.
ROAD.-Schuylkill Traction Division, 22% miles of track, beginning at
Locustdale, thence through Ashland, Holmesville to Girardville. forming
there a Y, one branch running through Lost Creek to Shenandoah and the
other branch to Maizeville. Gilberton and Mahanoy City. Lakeside Divi-lb. T rail. Extensions of 43
sion. 5ki miles. Total, 28 miles. 60 and 70
miles proposed and charters obtained. Operates 51 motor cars, 4 work
and 2 snow sweepers. Extensive improvements have been made.
cars
V. 80. p. 1729.

GLOVERSVILLE, N. Y.
-Steam and
FONDA JOHNSTOWN & GLOVERSVILLE RR. CO.
-See statement in "Railway and Industrial" Section.
electric road.

GRAND RAPIDS, MICH.
COMMONWEALTH POWER. RAILWAY & LIGHT CO.
-Incorporated In Maine Feb. 19 1910 to carry out
ORGANIZATION.
the plan outlined in V. 90. p. 108. 447. for amalgamating certain gas.
electric light, power and street railway enterprises in Michigan.
Controls through stock ownership the
Saginaw-Bay City Railway Co.
Consumers Power Co.
Cadillac Water & Light Co.
Grand Rapids By.
Grand Rapids Holland & Chic. By.
Michigan Light Co.
Springfield (0.) Lt.. Ht. & Pow. Co.
Michigan Railway Co.
Union Railway. Gas & Electric CO.
Michigan Railways Co.
On June 30 1914 constituent companies had outstanding in hands of
the public 361,815,500 bonds and $11,552,000 preferred stock.
On May 15 1913 the company acquired (through exchange of new stock
basis shown in V.96. p. 1296 the outstanding capital stock of the Union
on b
By.. Gas & Elec. Co. and the Springfield (0.) Light Co.(V. 96. p. 1298)
and the Michigan Railways Co. and for realizing $7,125.000 cash through
sale of 37.500.000 5
-year 6% cony, bonds at 95. See plan in detail in V.96.
p. 1296.
Capitalization after Issue of Aforesaid Securities.
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
___ *315,500,000 Aug.
'14.1%
Common ($100)
See text.
16.000.000
17
4:V
Preferred(65 cum) 1100)
10,000,000 May 1 1918
Cony bds,31u.000.00 (3100.1 191:3 6 M-N
$500 and $1,000)--c*-- Mint. payable in New York and Philadelphia
* Under the plan, $2,500,000 additional common stock is to be issued
May 1 1915 and $3,000.000 May 1 1916.
Preferred stock is redeemable at 105 and accrued dividends.
Bonds.
-The proceeds of the cony. bonds were used (1) to retire the
32.000.000 notes maturing June 10 1913: (2) for the acquisition of $2,100.000 pref. stock and approximately 51,500.000 notes of Michigan Rys. Co.;
remainder was available for company's purposes. Bonds are cony. (in
amounts of$1.000 or multiples thereof) on or after May 1 1916 into an equal
amount of preferred stock at par, and upon conversion bondholders will also
receive common stock equal to 307 of bonds so converted. V.96. p. 1296.
0
1556. Bankers Trust Co., New York. is trustee.
Disidends.__Quar. divs. of 1 % on pref. have been paid since organization. First div. on com.-1%-paid May 11913; Aug. 1913, 1%; Nov.,
1%. In 1914, Feb., 1%; May. 1%; Aug•• 1%•
REPORT.
---For the 12 months ending June 30 1914 will be found in
V. 99, D. 533.
Condensed Earnings Statement for Years ending June 30.
[Incl. earnings from May 1 1913 only on stocks acquired that date.]
1913-14.
1912-13.
1911-12.
1910-11.
Earns, on stocks owned
In sub-companies._ _ _ 32,463,861 51,500,209 $1,098.931 $1,015,539
Miscellaneous earnings_
517,823
155,306
82,238
45.759
Gross earnings
32,981,684 $1,655,515 $1,181,169 $1,061,298
Expenses and taxes-.
$114,508
$90,186
$64,865
$33,225
Interest paid
659,842
129,094
14,198
Divs. on pref. stocks_ _960,000
*460,000
360,191
359,830
Divs. on coin. stocks_ :(4%)620,000(2%)275,000
Balance for replacements, deprec., &c-

$627,334

$701,234

$741.914
$668,243
* The pref. dividend charge in 1912-13 ($460,000) includes 3100,000 to
cover dividend requirements for May and June 1913 on the $10,000,000 of
additional pref. stock issued as of May 1 1913.
Combined earnings for the 12 mos. end. June 30 1914, gross,$14,571,468:
net, after taxes, $6,226,023; interest, &c., $4,018,689: surplus, 52.207,334.
PROPERTY, &c.
-Through its constituent companies owns and operates electric railways serving 67 cities and towns with 917.08 miles of single
track; electric power and light companies serving 80 cities and towns with
sales during the year ended June 30 1914 of 201,411,612k. w. h.; 17 hydroelectric plants with an installed capacity of 69,930 h. p.: 19 steam electricplants with an installed capacity of 98,800 h. p.;high-tension transmission
lines aggregating 887.43 miles in length; gas companies serving 11 cities
with sales during the year ending June 30 1914 of 2,027,105,200 cubic feet.
-P. C. M. Clark; V.
OFFICERS.-Pres., Anton G. Hodenpyl; V.
-P.,
Geo. E. Hardy; Sec. & Treas., Jacob Elekma; Asst. Sec. & Asst. Treas.,
-V. 90, p. 108, 447. 626. 916. 976; V. 91. p 38. 214;
C. A. Pearson Jr.
V.92. p. 260. 794: V.93, p. 1786; V.94, p. 767; V.96.0._135. 1296, 1422.
1556; V.97,p.236, 1426; V.98. p.450.610,689, 1993:
p. 533.

(1)

Michigan Railway.
ORGANIZATION.-Incorp. July 22 1909 as the Michigan & Chicago
and on Mar. 21 1914 changed its name to Michigan Railway and acBy.
-mile line from Saginaw to
quired the Saginaw St Flint By. and a new 10
Bay City. There is under construction and practically completed a new
high-speed interurban line extending from Grand Rapids to Kalamazoo,
with a branch from Plainwell to Otsego. This line is expected to be in oper-




53

ation by Jan. 1 1915. 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_
*33,000,000
1st mtge $15,000,000 gold( 1914
See text June 1 1914
5%
($1.000, $500, &c)
Mich. Tr. Co. and Frank A.Gorham,trust.
1st lien gold notes $7.000,000 1914 5 g J-D
5,000,000 June 1 1919
($1.000, $500 & $100) guar{Bankers Tr. Co.. N. Y., and Detroit Tr.
prin & int
c*1 Co.. Detroit, Trustees.
* All owned by Commonwealth Power By. & Lt. Co. and deposited as
security for the 5-year gold notes (V.98. p. 1993).
Bonds.
-Of the 315.000,000 auth. bonds, $6,250,000 is deposited as
part colateral for the notes.
Note.
-Of the $7,000,000 auth. notes, 55.000.000 are outstanding and
the remaining $2,000,000 may be issued only to extent of 80% of cash
expenditures for extensions, impts., &c., under certain restrictions (V. 98.
p. 1993). Guar. prin. & int. unconditionally by Commonw. Pow. Ry. &
Lt. Co. by endorsement. Int, payable in N. Y. or in London at $4 8665
per 5. Red. on int, dates at 103 and int. in 1916: 102 and int. in 1917.
and 101 and int. in 1918. $8,915,700 par value of stock of several companies controlled by the Corn. P. Ry. &1.Co. is deposited as collateral security, and also the entire com, stock of Mich. Rys. (of Maine), which
controls the Mich. Un. Ry.Co. by 999-yr. lease, is pledged for guaranty and
can be released only upon condition that the title to the lease be vested in
the Michigan Ry.Co.
ROAD.
-Owns and operates an interurban electric railway 34.52 miles
long, extending from Flint to Saginaw, with branch to Frankenmuth; an
interurban railway from Saginaw to Bay City, 10.83 miles, in operation
since May 1 1914; a railroad from Allegan to Battle Creek, 42.42 miles.
formerly operated by steam but now being equipped for electric operation;
a new high-speed interurban line 52.98 miles, extending from Grand Rapids
to Kalamazoo, with branch from Plainwell to Otsego, 3.85 miles. Construction on this line, it is stated, will be completed and road in operation
by 1915. A line from Owosso to Saginaw (37 miles) is proposed. Also
owns a hydro-electric plant of 1,000 h. p. on the Manistee River.
OFFICERS.-Pres., H.H.Crowell; V -Pres., B. C. Cobb, W.A. Foote,
Frank Stillman and Geo. W. Mecham; gec., G. B. Dobbin; Treas., J. W.
Glendening. Office, Kalamazoo, Mich.
-V.99, p. 407. V. 98, p. 1993.
(2) Michigan Railways Co.
Incorp. in Maine in Dec. 1911 (V.94. p.68). Under plan dated April 26
1913 cora, stock was exchanged for 52.000.000 in certfs. of the Commonwealth Power, By.& Light Co.. calling for delivery of com.stock on May 1
1915. Commonwealth Co. also acquired $2.100.000 pref. stock and approximately 31.500.000 notes of the company.
-V.96. p. 1298, 1423.
a. Michigan United Traction Co.
All the stock is owned by the Mich Rys. Co.
in Dec. 1911. Stock $100.000. Lease,
the Mich. United Rys. for 999 years. On March 18 1912 the Mich. By.
ORGANIZATION.-Incorp.
Engineering Co. was incorp. in interest of Mich. United Trac. Co. to take
care of its repair and construction work. V.94. p. 1317.
EARNINGS.
-For year end. June 30 1914, gross, $1,819.726.
OFFICERS.-Pres., B. C.Cobb. New York; V.
-Ps.. Frank Stillman Jr.
Phila., and John F. Collins. Jackson: Treas., J. W. Glendening. Jackson,
Sec., G. B. Dobbin, Jackson; Asst. Sec. & Asst. Treas., S. E. Wolf, N. Y.
-V.94. p. 631. 698. 1317.
(a) Michigan United Rys.-A third-rail and trolley system.
ORGANIZATION.
-Incorporated in Michigan on March 31 1906 and
on May 1 1906 took over the Michigan Traction Co.,the Michigan Traction
Extension Co..the Jackson & Battle Creek Traction Co.and the Lansing &
Suburban Traction Co. The Lansing & Jackson Railway Co. has also been
deeded to the Michigan Un. Rys.
In 1908 purchased Jackson Consolidated Traction Co. V. 84. p. 1183.
and V. 87,P. 285. Latter company's franchises in Jackson expire in 1960.
The City of Jackson has the right to purchase the Jackson Consolidated
Traction at an appraised value in 1930 and each 5 years thereafter.
In April 1911 leased for 5 years the Kal. Lake Shore & Chic. Ry., which
operates a steam line between Kalamazoo and South Haven, about 54 miles.
and (during the summer only) from South Haven to Paw Paw Lake, 17 m.,
and will equip it for electric operation.
STOCK AND BONDS- Date.
Interest, Outstanding. Maturity.
Common.$6.000,000 ($100)----------------36.000.000
.8
Prof 31,000.000($100)6% cu.. ____
1.000.000
See text
May 1 1936
1st & ref m
$12.500.000 1908 5 g -N
7.2 .
go ($ , . $500. $250lInt.atKnlckerbockerTr,Co..N.Y..trustee,
$100 and $50)------c&r.ttl or Nat. Provincial Bk.of Eng. London.
5 g J-J
Mich Trac 1st mtge
1901
547,000 Jan 1 1921
5700.000 ($1.000) g c*._ntf Interest at New York Trust Co.. Trustee.
5 g J-D
334,000 Dec 1 1923
Michigan Trac Ext 1st mtge 1903
$500,000($1,000) g___c_tf Int. at Knickerbocker Tr.Co., N.Y.,Trust.
5 g J-J
1.200,000 Jan 1 1923
Jackson & Battle Creek first 1903
-Interest at Citizens' Savings & Trust Co.,
mortgage, $1,200,000 ($1.
gold
c*..tf I Cleve., Trustee, or First Nat. Bk.. N. Y.
000)
790,000 May 1 1934
5 g M-N
Jackson Consol Trac 1st mtge 1904
$1,000,000 gold ($100,$5001 Interest at Guardian Trust Co., New York,
..c*ttl Trustee.
and 31.000)
-Of the $12.500.00 1st & ref. bonds. 53,190.000 are reserved
Bonds.
for prior liens. 32.102.000 reserved for additions, betterments and Improvements. Are subject to call after May 1 1916 at 110. V. 82. p.
1157. See also V. 87. P. 167, 285: V. 88. p. 1437. Bonds are listed in
London. V. 90, p. 914. They are guar. P. & I. by the Mich. Railways
Co.and the Mich. Un.Trac. Co. The Jackson Consol. Trac.Co. bonds are
subject to call on any int. date at 105. They are guar., p. & I., by Mich.
United Rys.
On the Michigan Traction Co. bonds a sinking fund of 5% of gross earnings commenced in 1903. to be used in buying bonds at not to exceed 110;
otherwise to be invested in other standard securities. V. 72. p. 391;
$153,000 Mich.Trac.1st M.bonds and $166,000 Mich. Trac. Ext. 1st M.
bonds were held in sinking fund on June 30 1914 and are not included in
the amounts above.
The Jackson & Battle Creek bonds are subject to call In any amount
after 10 years at 105 and interest. V.75, p. 1147.
Dividends.
-O% is being paid on preferred stock.
EARNINGS.
-Including Jackson Consolidated Traction Co.:
rs.en
ec.31. 1912.
Deduct1912.
1911.
1911.
Gross earns_ ..$1,649,571 31.500.580 Int. & taxes-- 3571.426 $449,440
Oper.expenses 975.528
849,361 Pref. dive_ _ _ 60,000
60.000
Net earns_.. 3674.043 3651,219
Surplus.-- $42.617 $141,779
Revenue passengers carried in 1912 21.677.797. asst. 19.347,293 in 1911.
ROAD.-Operates all city lines in Jackson, Battle Creek, Kalamazoo
and Lansing and interurban lines between Jackson. Battle Creek and Kalamazoo, and between Jackson. Lansing and St. Johns, Lansing and Owosso.
and from Jackson to Grass Lake and Wolf Lake; total operated. 256 miles.
Through service between Jackson and Lansing began in Nov. 1909. Operates through service to Detroit over Detroit United By.lines under traffic
agreement, connecting from Jackson. The extension of the Pine Lake
line from Lansing to Owosso (25 miles), constructed by allied interests,
was placed in operation in July 1911.- V. 88.,p. 295. 1437: V.90. p. 106.
914: V.91. p. 1026. 1096, 1157; V. 92. p. 1178. .93. p. 1787; V.94. p.68.
207; V.96, p. 1423.
(3) Union Railway, Gas & Electric Co.
Merger.
-Under the plan dated April 26 1913. practically all the $5.250,000 pref. stock was exchanged for $5.250.000 new pref. and $525.000 new
coin, stock of the Commonwealth Pow.. By.& Lt. Co., and the $6.000.000
com,for an equal amt. of new corn, or 31.500,000 pref. and 34.500.000 corn.
ORGANIZATION.-Incorp. in New Jersey June 29 1909 and ac'
quired practically all of stocks of Springfield (Ill.) Railway & Light Co.
($3,000,000 stock ,the Rock.(In. & Inter. By, Co.($2,000,000 corn, and
$2,000,000 pref. , the Peoria Lt. Co. ($2,500,000 common and $1,000,000 preferred), and the Evansville Light Co. (31.500,000 common and
$1.000.000 pref.), per plan in V.88. p. 1501: also all the stock and bonds of
the Janesville Traction Co. (3125.000 stock. $50.000 bonds), and all
stock (5497,500) and all the 1st ref. bonds (3382.000) of the De Kalb the
-Sycamore & Interurban Trac. Co. The Evansville Light Co. owns
$3.000,000 common stock and $950,000 of the preferred stock ofthe entire
the Public
Utilities Co.(incorp. June 1912). which company merged the
Evansville &
South. Ind. Trac.(see Elec. By. Sec. of May 1912), Evansville Gas &
Elec.
Lt. Co. and Evansv. Pub. Serv. Co. On Oct. 14 1912 Circuit
Judge Wll-

54

ELECTRIC RAILWAYS

llam Blakey sustained the demurrer of the Public Utilities Co. in a suit
brought to dissolve the company, holding that the consolidation was in accordance with the statutes (V. 95. P. 1040). and in Dec. 1912 he dismissed
the suit. V. 95. p. 1747. The Peoria Light Co. owns all the $2.500.000
6% cum. pref. and the $6.000.000 common stock of the Central Illinois
Light Co., which was incorp. in April 1913 and took over the properties
of the Peoria Gas & Electric Co.. Citizens' Gas & Elec. Co. of Pekin and
Its subsidiary company, the Pekin Lt.. Ht. & Power Co., Washington (Ill.)
Lt. & Power Co., Elmwood Elec. Lt. Co., Farmington Lt. & Pow. Co. and
the Elec. Service System. The Union By., Gas & Electric subsidiary
companies own and operate street railway properties in Springfield and
Rockford. Ill., Evansville, Ind., and Janesville. Wis., and interurban
lines from Rockford to Freeport and Belvidere. Ill., through Beloit, Wis.,
to Janesville, Wis., from De Kalb to Sycamore, Ill., and from Evansville
to Princeton and Patoka, Ind., and also gas and electric properties In
and Evansville. Ind.. and electric plants
Peoria. Springfield and Pekin.
in De Kalb, Sycamore. Elmwood. Washington and other smaller places In
Illinois.
-year notes to pay for several small
In March 1913 issued 51.500.000 3
acquisitions,improvements,&c. V.96. p.717.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common $6.000.000($100)-$6.000.000
See text
5,250.000 July'14, 13i
Pref$12.000,000 cum ($100).... ---6 04
Collateral trust mtge. gold 1909
5 J-J
4,000.000 July 1 1939
($500 and $1.000) ___c*..tt Commercial Trust Co.. Phila., Trustee.
5 M-S
1.500,000 Mar 1 1916
Gold notes $4,000,000 ($5,- 1913
_ c* tf Interest at Bankers Trust Co.. N.Y.. Trus000)
tee, or at company's office.
Springfield fly. & Light Co.-5 g J-D
Springfield Ry&Lt coil tr M 1903
3,075.000 June 1 1933
55.000.000 g ($1,000) c* _tf Fidelity and Columbia Tr. Co., Loulsv-trus.
Springfield Con By consolf 1893
5 g J-D
750,000 June 1 1933
mtg $750.0008(31.000) c.tf Columbia Trust Co.. Louisville, Trustee.
Rockford & Interurban fly. Co.
Rockford & Inter - Urban- 1902
(
5 g A-0
1.664,000 Oct 1 1922
1st mtge. gold ($500 and{Interest at First Nat. Bk.. N.Y.. or at Con$1,000) $3,000.000..e..ntf I tinen. & Corn. Tr.& Say. Bk., Chic-trus.
Rockford & Freeport first 1903 5 g M-N
590.500 May 1 1923
mtge. $750,000. gold, gui Int. at Con.& Corn. Tr.& Say. Bk..Chicago
.
p & i ($1.000 $50 )c ..ntf
Rockford Bel & Janesville lsti 1905 5 g A-0
1.000.000 Oct 1 1930
mtge g (51.000) a f __c*..tifi Int. at Cont.& Corn. Tr. & Say. Bk.. Chic.,
Trustee. or First Nat. Bank, New York.
De Kalb-Sycamore & Interurban Trac. Co.
J-D
98.000
1922
De Kalb-Sycamore Electric( 1907
first mortgage ______....ntflint. at Cont.& Corn. Tr.& S. Bk., Chic.. Tr.
Peoria Light Co.
5 J-J
2,500.000 July 1 1936
Peoria Lt. Co. coll. tr. mtge.( 1906
55,000,000 g (51.000)_c*.tfiBankers'Trust Co.,New York,Trustee.
5 J-J
2,500.00() Jan 1 1923
Peoria Gas & Elec. Co. 1st M.( 1903
52,500,000 g (51,000) ..c*t
ankers Trust Co., New York,Trustee.
r902 5 F
1902
-A 15
Citizens Gas & Electric 1st Mt 1
• 1922
ntf Int. at Merchants' Loan & Trust Co.. Chic.
$200.000
Evansville Light Co.
21.000 July 1 1942
Pub Util Co 1st lien & ref Ml 1912 5 J-J
510.000.000 ($1,000)H Commercial Trust Co. Phila., and Charles
P. Lineaweaver, Trustees.
,
Pub Util pref 53.000 000 cum
____..---- 2,200,000July'14,23.5%
5% July 1913 to Jan 1915,} -__6% thereafter
Pub Util colt tr notes $1.615,-1 1913 6g M-S
1,555.000 Mar 1 1916
c*-tf Int. in N. Y., Phila. and Evansville.
000 (55.000) g
Guaranty Trust Co., New York. trustee.
Callable at par & interest.
5 g J-J
Evansv & So Ind 1st con Mj 1907
41.000 Jan 1 1937
54.000,000 g (51.000) _et 1Commercial Trust Co.. Phila.. trustee.
Evansville El By 1st mtgef 1901
4 g MN
1.200.000 May 1 1921
51.200.000 g ($1,000) c*tlI Int. at Farmers' L.& Tr.Co.. N.Y..trustee.
Evansv Az Prince 1st mtge 1903 5 g A-0
330,000 April 1 1923
$400,000 gold($1.000)sink- Int. at Cit. Say. & Tr. Co., Cleve.. Trustee.
big fund
c&r..tf I or at First National Bank. New York.
Evansv Gas & El Lt 1st & ref 1902 5 J-D
1,230,000 June 1 1932
mortgage $1,250,000 gold(Int. at Cont. & Corn. Tr. & Say. Bk.. Chic..
41.000)
.c*..tf I Trustee, or at First Nat. Bk., New York.
Stock.-Pref. stock is subject to call at 105 and accrued dividends.
Bonds.
-The Union By. Gas & Elec. coll, trust mtge. Is Heaved by deposit of practically all stocks (corn. & pref.) of subsidiary cos. Additional
bonds may be issued only under rigid restrictions(V.89, p. 226). Interest
Is payable at Hodenpyl, Hardy & Co.. N.Y..and E.W.Clark & Co.,Phila.
Bonds redeemable at par & int. on 60 days' notice. They are convertible
into pref. stock at par. V. 89. P. 226; V 93. p. 528. The 3
-year notes
are red, as a whole, but not in part, at 106 and int. on any int, date on 30
days' notice. Additional notes may be issued with certain restrictions.
See V. 96. p. 717.
Springfield Railway & Light Securities.
-Of the Springfield Railway &
Light collateral trust mortgage of 1903. 5507.000 are reserved for additions and improvements to constituent companies and $750,000 for prior
liens. The bonds are subject to call on 60 days' notice at 10735 and
int. Interest is payable at Columbia Trust Co.. Louisville. and at Hodenpyl, Hardy & Co., New York, and E. W. Clark & Co.. Philadelphia. Int.
on Springfield Con. By. bonds is payable at Fidelity and Columbia Trust
cos., Louisville, and at Hodenpyl, Hardy & Co., New York. •
-Sinking fund on Rockford &
Rockford & Interurban fly. Securities.
Inter-Urban bonds of 5% of gross receipts commenced in 1908. $162,000 of bonds in add'n to those reported outstanding above are held in the
sink. fd. Adirl bonds can be issued for extensions and improvements at
85% of cost. The entire issue is subject to call at 105 and interest. The
Rockford & Freeport bonds are assumed. prin. & int.. by the Rockford &
Inter-Urban Railway Co.: $34,500 are held in sink. fund. A sinking fund
equal to 5% of gross earnings began in 1910. Bonds are subject to call
at 105 and interest. V. 78. p. 1276. A sinking fund on the Rockford
Beloit & Janesville bonds begins in 1915 of 2% of gross earnings of that
,
division. They are subject to call at 10235 and interest. They are guaranteed. p. & I., by the Rockford & Inter-Urban.
De Kalb-Sycamore Electric., $77,000 in sinking fund.
-$2,500.000 Peoria Light Co. bonds are
Peoria Light Co. Securities.
reserved to retire a like amount of Peoria Gas & Electric 1st mtge. bonds.
They are secured by deposit of all (except directors' shares) the stock of
Cent. Ill. Lt. Co. Both Peoria Lt. Co. and Peoria Gas & Elec. bonds
are subject to call at 105 and interest. Interest on both Peoria Light
Co. and Peoria Gas & El. Co. bonds is payable at Hodenpyl, Hardy &
Co., New York. Peo. Gas & El. bonds sink,fund of 5% of gross earnings
began Jan. 11910. S.f. may be used by company for additions to property
against which no bonds have been issued. Of Citizens' Gas & Electric
bonds,$30.000 have been retired through sinking fund.
-Of remaining Public Utill, Co. ref:
Evansville Light Co Securities.
mtge. bonds. $4.358,000 are reserved for prior liens and 64.700.000 are for
add'ns and impts. $817,000 of the $942.000 bonds issued are pledged to secure Public 11th. notes and $104,000 are ,awned by Evansville Light
Co. Interest at Hodenpyl, Hardy & Co., New York. Callable on
any interest date at 10731 and interest. The Evansville Gas & Electric Light Co. must call at 105 and interest $10,000 annually on June 1
1913 to 1922, inclusive. and $15,000 on June 1 1923 to 1932, inclusive;
and inter$20,000 have been retired. They are subject to call at 105 bonds, $1.first consolidated
est. Of the Evansville & Southern Indiana Evansville & Princeton first
reserved for prior liens. The
600,000 are
Es have a sinking fund of $10,000 per annum, which began Feb. 1 1908,
said fund to be invested in the bonds at 105 beginning with No. 1. 520,000
have been redeemed. Whole issue of these bonds may be called at any time
mortgage.
at 110 and int. L. W. Prior of Cleveland is co-trustee of thisPub. Serv.
Evansville Elec. By. bonds cannot be called. The Evansville
Co., N. Y., to secure an issue
Co. has made a mtge. to the Bankers Trust
of $1,000.000 bonds. None of the new bonds, however, has been sold.
5
Dividends.
-First div. 13 %,on pref. paid Oct. 1909 and same amount
,
quar. since to and including July 1914. First div, on com.-1%-paid
April 1 1913: July, 1%; Oct., 1%. In 1914, Jan., 1%.
-Combined earnings of subsid. cos. for 12 mos. ending
EARNINGS.
June 30 1913: Gross, $4,545.575; ner, after taxes, $1.981,611; int.. &c..
51,140.932; pref. div., $315,000; surplus, $525,679.
ROAD.
-Rockford & Inter-Urban operates 33.86 m.of trolley in Rockford, 13 miles between Rockford and Belvidere; also 28 miles of Rockford
& Freeport Electric By. between points named in title, and 35 miles between Rockford, Ill., and Beloit and Janesville, Wis. Total, 109.86 m.




[VOL.

xcix.

Springfield By.& Lt.Co.operates 42.24 miles in Springfield. JanesvilleT rac.
Co.operates 5 m.in Janesville, Wis.,and De Kalb-Sycamore & 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.Ind.
OFFICERS.-Pres., Anton G. Hodenpyl. New York; V.
-P, Clarence
M.Clark,Phila.; V.
-P., Geo.E.Hardy,N.Y.; Treas.& Sec.,Jacob Hekma,
N. Y.; Asst. Treas. and Asst. Sec., C. A. Pearsons Jr.
-V.89, p. 226, 780:
V. 92, p. 528; V.93, p. 290, 528; V. 95, p. 1747; V. 96,p. 137,717. 1299.
(4) Springfield (0.) Light, Heat & Power.Co.
ORGANIZATION.
-Incorporated in'Maine in Aug. 1908.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Common stock
$1,000,000
Preferred stock
50,000
Spring Lt,H & P gen & ref M 1913
5A-0
(
See text April 1 1933
$5,000,000 ($1,000). Red Int. at N. Y.and London. Mich. Trust Co.
at 105 and interest_ ___ntfGrand Rapids, and Geo. Hefferan, Trust.
Springfield Light, Heat & 1909 5 F
-A
750,000 Feb 1 1929
Power first mortgage_ _ _ tf Int. at State Say.13k. & Tr.Co.,Col.,0.,Tr.
Bonds.
-Sufficient gen. and ref. bonds are reserved to retire at or before
maturity the outstanding 1st M. bonds. V. 96. p. 1298. All owned by
Commonwealth Power. By. & Light Co.
(5) Grand Rapids Ry.-Trolley.
All tne common stock is owned by Corn. Pow., By. & WC°.
ORGANIZATION,&C.-Incorp. in Mich. in April 1900 as a successor
company to the Consolidated St. Ry. Owns all street railway properties of
Grand Rapids and vicinity. Franchises expire in 1921 and in 1929.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock com $2,000,000 ($100)_ _All owned by Corn. Pow., By. & Lt. Co.
Prof62,000,000 cum 5% ($100) --- $1,500.000 Aug.'14, lq
Q-P
Grand Rap Ry Co 1st mtgel 1900 5 g J-D
3,085.000 June 1 1916
53,500,000 g (51.000)_c*tH Interest at New York Trust Co., Trustee.
Bonds, &c.
-Of the new mortgage for $3,500,000, $415,000 have been reSinking fund became operative on Oct. 1 1905,
tired by sinking fund.
payable 1% of bonds out up to Oct. 1 1910, then 2% up to 1915 (see
V. 70, P. 1149). Bonds cannot be called. See V. 72, p. 1187. Bonds
are listed on New York Stook Exchange.
Dividends.
-Dividends on preferred stock are cumulative and 134%
quarterly has been regularly paid up to and including Aug. 1914.
REPORT.
-For years ending June 30:
Gross. Net(aft.Tax.) Interest.
Pref. Div.
YearSurplus,
131,297,010 $459,217 $157,880 (5%)$75,000 6226,337
1914
177,441
1,270,291
531,164
1913
(5%)75,000
278,723
ROAD.
-Owns and operates 65.03 miles of track. 13 motor passenger
cars and 15 trailers; 19 miscellaneous cars and 1 electric locomotive.
OFFICERS.-Pres. and Gen. Mgr., B. S. Hanchett, Grand Rapids;
V.-P., C. M. Clark; Sec. and Asst. Treas., L. J. De Lamarter; Treas. anti
Asst. Sec., G. L. Estabrook, Philadelphia. Office, Grand Rapids, Mich.
-V.84. p. 220, 749; V. 85, p. 40; V. 95, p. 891.
(6) Saginaw-Bay City Railway Co.
Entire stock (except directors' shares) is owned by Com.Pow.,Ry.&Lt.Co.
ORGAN1ZATION.-This company is a consolidation of the Saginaw
Valley Traction Co.and railway dept, of the Bay City Traction & Elec. Co.
Franchise Defeated.
-At special franchise election held on Aug. 20 1912,
and again in Oct. 1912, the proposition to permit the company to build a
number of extensions was defeated. V. 95, p. 481.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock, $2,600.000
All owned by Commonw. Pr.. By.& Lt. Co.
$1.150,000.tar 11936
First and refunding mortgage 1910
5 M-S
$5,000,000 ($1,000)___c*tf Michigan Trust Co., Grand Rapids, Trustee.
730,000 Feb 11020
Saginaw Val Tr 1st M.$850.- 1899 5 g F-A
000, g ($1,000 each)_c*ntf Int. at Boston Safe Dep.& Tr. Co., Trustee.
-Of the 1st & ref. bonds. $850,000 are reserved to retire Sag. Val.
Bonds.
Trac. bonds; remainder for 85% of cost of additions, &c. They are red. on
any int. date after Mar. 1 1915 on 60 days' notice at 105 and int. Int. at
Hodenpyl, Hardy & Co., New York.
A sinking fund of $8.5110 per annum on Sag. Val. Trac. bonds begins Feb. 1
1907 and runs for 5 years. after which $17,000 per annum is payable, said
,
fund to be invested in the bonds at not above 10735 and int. Sinking fund
held on June 30 1914, $109,000 of bonds; $11,000 are also owned by Commonwealth Power. B.& Light.
EARNINGS.
-For 12 months ending Dec. 311913, gross, $642,680;.net,
after taxes. $230.689.
-Operates about 63 miles of street railway track in Saginaw and
ROAD.
Bay City. incl. interurban line between the two cities.
-Ps., H. T. Wickes, J. E. Davidson
OFFICERS.-Pres., B. C. Cobb; V.
and J. A. Cleveland; Sec., G. B. Dobbin; Treas., J. W. Glendening; Asst.
-V.94, p. 983; V. 95, p. 298, 481.
Sec. & Asst. Treas.. S. E. Wolff.
(l) Michigan Light Co.
All the common stock is now owned by Corn. Pow., By.& Light Co.
ORGANIZATION.-Incorp. in March 1913. and as of Jan. 1 1914 took
over and consolidated the following companies:
I Bay City Gas Co.
'Flint Gas
Jackson Gas Co.,
Co..
'Saginaw City Gas Co.. I
Pontiac Light Co.
At the same tin;e took over control of the Kalamazoo Gas Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
53,000,000
Common $3.000,000
Q-J
2,144,000
See text
Preferred 6% cumulative _ __ __ ____
5 g M-N
857,000 May 1 1916
Sag City Gas 1st M,$LIM.- 1901
Int. at MI . Tr. Co., Grd. Rap., rustee.
) n
00 .6(
375,000 June 1 1920
Bay City Gas 1st Ai,$500,000 1900 5 g J-D
a ($500 & $1,000)____c*tf Interest at New York Trust Co., Trustee.
5 M-N
500,000 Nov 1 1924
Flint Gas Co 1st M,$100,000 1904
($500 & $1,000)____c*ntf Int. at Mich. Tr. Co., Grd. Rap.. Trustee.
Jackson Gas Co mtge. $350,- 1897 5 A-0
350,000 April 1 1937
Trust & Say. Bank. Chic., Trustee.
000 gold ($1,000)__ _c*ntf Illinois
5 J-J
Kal Gas Co 1st M,5450,000 1900
400,000 Jan 1 1920
csntf Int. at Mich. Trust Co.. Grd. Rap.. Trustee.
(51,000)
Pontiac Light Co consol mtge 1902 5 J-J
209.000 ian 1 1927
$230,000, a ($1,000)__c*tf Int. at Mich. Trust Co., Ord. Rap.,Trustee
-$125,000 bonds of Bay City Gas 1st M.are issued in addition to
Bonds.
amounts shown above and are owned by Mich. Light Co. Bay City and
Jackson bonds are red. at 110 & int. Kalamazoo, Pontiac, Flint and Sag.
City issues are red. at 105 and int. Int. on Jackson Gas Co. bonds Is
payable at Hodenpyl, Hardy & Co.. New York.
Dividends on pref. have been paid regularly since organization.
EARNINGS -For 12 mos. end. June 30 1914, gross, $1,557,333; net
after taxes, 5593,989.
-Constituent companies own and
PROPERTY.
ate the gas properties in Jackson, Kalamazoo, Pontiac, Flint, Saginaw and Bay City.
SALES, June 30 1914, 1,177,718,000 Cu. ft. Miles of main, 390.22.
OFFICERS.- Pres., B. C. Cobb, N.
V.-Ps., W. H. Barthold and
J. N. Cleveland; Sec., F. C. Potvin, Treas., A. B. Simoneau.
Y.•.
(13) Consumers' Power Co.
All the common is owned by Corn. Pow., By. & Lt. Co.
ORGANIZATION.-ir corporated in Maine in 1910. Owns all the corn.
stocks of Commonwealth Power Co.. Grand Rapids
-Muskegon Power Co.
(owning entire cont, and majority of pref. of Grand Rapids Edison Co.),
Flint Elec. Co., Saginaw Pow. Co., Bay City Pow. Co., Pontiac Pow. Co.,
Consumers' Power Co.(Mich.), Economy Power Co., Au Sable Elec. Cent.
Power Co. and Au Sable River property and rights.
Decision.
-For decision of U. S. Circuit Court holding valid certain purchases by the Saginaw Power Co., see V. 94, p. 1510.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $10,000,000
$10,000,000
Pref$10,000,000
(3100) %cum _ _
6
-J
See text
5,569,000
1st and ref M. 335,000,000, 1911
5 -J
11,785.000 Jan 1 1936
gold ($1,000)
esti Int. 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 (61.000)_c*tf Int. at First Trust & Say. Bk.. Chic., Trustee
Grd Rap-Musk Pow 1st M 1906
5 M-S
767,000 Mar 1 1931
$7,500,000, gold
tr Int. at 1st TrAS.13., Chic., or lstN.B.,N.Y.
Grand Rap Ed Co 1st M g 1902 5 M-N
734,000 May P1916
(51.000) sinking fund_c tf Int. at Am. Tr. & S. 13., Chic., Trustee.
Gr Bp Ed Co. underlying bds_
_t t
10,000

SEPT.. 1914]

55

ELECTRIC RAILWAYS

Nepigon

Rainy Lake

White Silver

.SLE-ROYALE

Red Lake

MICHIFICOTEN

Tower

S

Ridout

j

Hibbing

•C
Swan River

ii"gh
A7LANDS'
61:E
-

Park Rapids

Ontonago
Sault Ste. Marie
Ishpeming

Besseznez

Sault Ste. Marit,-

Wadena

M Humboldt.
\
Mat k:leo

Spooner

uktoo
St. Cloud

Prentice
/ P.- urtle Lake
/T
tilwater
Sl
SEPAUL

miNKAPollS

II&Winnebago City

ftr4.-

_s
ecedoh

Osage

Sh Mon

Appleton
Oshkosh./
-- I
*
Fond dti Lac
Porta&

La Crosse

Wa ertown

Enunetsburg

4

MASON CITY

--,.Owosso\

Cx1 $MP
GRAN"D
HAVE

Prairie du C ien

Rolfe

FORT-DO.G

Flin

I4

MADISON

'Eagle Grove

Grayling\
Au Sable

,e.t,',11,ttnIstee

S evens

111
waseeallft
Albert Lea
1‘.

CLEAR,
LA

erse city
,
fort

field

Faribault"
Mankato

Marinette
Oconto

Wausau

Eau Claire

Janesville
\

GRAND
ND/RAPIDS
_1:ANSING
---Pontiac
-

Webster City

Jefferson

70
'9
Marsballtow

Battle Creek"-

W

r::

A 1

Th

11
/44‘' Iles 1

CEDAR RAPIDS
IOWA ClTY
/
MUSCATI

TOLEDO

=d
m
Agi
,,du t Soulb

4 LAPORTE
so.4°,
4.0.41„.„.-eami

Oskalodsa

ha ikalsee
.

, !Zenon
ebraska City
Bushnell

Maryv e

Danville
GF ELD
St.Jose

Macon

Hann' a
u hvllle,
Moberly
Mexico

TOPEKA

Covington
St.Chailes
V

B

ennes

E7FERs°"r

ford

New Alien

Lebanon.
sboro
enilegl

banon
0

MAP

Showing Location and Nature of Properties

Greensburg
Bowling Green

OF

UNITED LIGHT AND RAILWAYS COMPANY
AND

ASSOCIATED COMPANIES

Dick n

NASHVILLE

Harrilnan

S
Coliim bT
\
Tullaboma

KEY TO PROPERTIES

Gas (only)

CHATTANOOG

Electric (only)

Frorenj Biiille
,

Gas and Electric
Gas, Electric and Railways
Ab rdeen Jc.
\

Interurban Railways and Terminals

Jasper

Gas and Railways
(Street and Interurban)




nniston

West Point
Columbu
ks
Green

BIRMINGHAM
Bessemer .1

Al ten.

56

ELECTRIC RAILWAYS

Stock.-Pref. stock is red, on and after Jan. 1 1920 at 105 and accr. div.
-Of 1st & ref. bonds, 12,817,000 are reserved to retire underlying
Bonds.
bonds; remainder are reserved under certain restrictions for extensions and
additions at80% of cost. Subj. to call on Jan. 1 1916 or any int, day thereafter at 105 and int. Sink, fund of 1% of bonds out (incl. prior liens)
annually begins Jan. 1 1915. V. 92. P. 465. 526, 1438.
Dividends on pref. have been paid regularly since organization.
-For 12 mos. end. June 30 1914. gross. $3,297,579; net,
EARNINGS.
after taxes. $1,705,518; charges, $836,426; pref. my., $335,000; surplus,
$534,092.
-Constituent cos. own and operate electric light and power
PROPERTY.
properties in Grand Rapids, Kalamazoo,Jackson, Flint, Saginaw, Bay City.
Pontiac, Battle Creek, Muskegon, Albion, Owosso and a number of intermediate cities and towns. Hydro-electric plants have about 66,000 h.p.
and steam plants about 57,000 h. p. capacity. Total generating capacity
about 123,000 h.p.
-P., E. W. Clark, Phila.:
OFFICERS.-Pres., W.A. Foote, Jackson; V.
-P., Geo. E• Hardy, N. Y.; Treas. & See., Jacob Hekma, N. Y.; Asst.
V.
Phila.-V. 90, p. 1680; V. 92, p. 61. 465, 526,
Treas., C. A. Pearson
Jr.,
1438; V. 94, p. 354, 1510;V. 95, p. 1683; V. 98. p. 304.
Co.
(1) Cadillac Water & Light& By. owns all the capital
stock.
commonwealth Power, Light
-Incorporated in Michigan in 1905.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND,BONDS-- Date.
$200,000
Stock $200,000 ($50)
132,000 Sept 1 1925
First mtge,1200,000($500 &f 1905 5 MS
cstflInt. at Mich. Trust Co., Ord Rap., Trustee.
11,000). gold
Bonds.-Subj. to call at 102. Sink. fd. $4,000 per annum began Sept. 1
1906. 1500 bonds are owned by Corn. P., Ry. & L., $18,000 are owned
by co. and 132,500 have been retired.
-Owns electric and water plants in Cadillac.
PROPERTY.
-P., W. A. Foote, Jackson'
OFFICERS.-Pres., B. C. Cobb. N. Y.; V.
Treas.& Gen. Mgr.. G.D.Westover,Cadillac; Sec., W.J.McCoy,Cadillac
Sec. & Asst. Treas., S. E. Wolff, N. Y.
Asst.
(10) Grand Rapids Holland & Chicago Ry.
Dom.Pow., Ry.&Lt. Co.owns all the pref. and practically all the corn. stk.
ORGANIZATION.-lncorporated in Michigan in July 1904 and is a reorganization on Aug. 1 1904 of the Grand Rapids Holland & Lake Michigan
Rapid By. See V. 79, p. 627. Power is supplied to company by Grand
-Muskegon Power Co., but company maintains own station in readiRapids
ness to operate in case of emergency. Franchises in city of Holland and
village streets expire in 1928 to 1930; remainder on private rights of way.
Interest. Outstanding, Maturity.
STOCK AND BONDS- Date.
$487.900
Common,1500,000
836.500
*850.000.6%
Pref.
-A
1,475,000 Aug 1 1920
1st mtge, Grand Rapids Hol.{ 1900 5 g F
& Lake Mich, 11,500.000. Int. at American Tr.& Say. Bank, Chicago,
Trustee, or at Guaranty Trust Co, N. Y.
gold (1500 and $1.000)_ntf
-A sinking fund is provided of $5,000 per annum for first 5 years.
Bonds.
5 years, 115.000 yearly for third 5 years and
$10,000 per annum for second
$25,000 per annum for fourth 5 years. Bonds are not subject to call.
-Operates 77 miles of track from Grand Rapids through Holland
ROAD.
to Macatawa and Saugatuck, with steamer connection at Holland for Chic.
OFFICERS.-Pres.& Treas.. Benj. S. Hanchett, Grand Rapids; V.
-P.,
W. H. Beach, Holland; Sec. & Gen. Mgr., Chas. A. Floyd, Grand Rapids.
-V.75, P. 1301; V. 78, p. 702. 768; V. 79. p. 627; V. 96, p• 1422.
(11) Manistee Railway Co.
Incorp. in Mich. in March 1913. Successor to Manistee Lt. & Trac.
Co., sold at foreclosure in 1912. Gas and electric departments were taken
over by the Manistee Power & Light Co.
Does the street railway business In Manistee and Filer City. Franchise
30 years from 1904.
-$100.000, all owned by Corn. Pow., By. & Lt. Co.; also $60,000
Stock.
let mtge. 55, due 1943.
-Operates 7.41 miles of track. Gauge 4 ft. 8;4 in. 35 to 100
ROAD.
-lb. girder rails. 28 cars. Operates a 50-acre park on Lake
lb. T and 85
Michigan.
-P., W. II. Barthold; Sec, G. R.
OFFICERS.-Pres., C. J. Holmes; V.
Dobbin; Treas., J. W. Glendening; Asst. See. & Asst. Treas., S. E. Wolff.
-V.85,P• 864; V.88,13. 158
'
-(See Map, page 55.)
UNITED LIGHT & RAILWAYS CO.
-Incorporated in Maine in July 1910, per plan in
ORGANIZATION.
V. 91, p. 96. Has acquired the following companies:
Iowa Cliv Light & Power Co.
Cadillac (Mich. Gas Light Co.
lowa & filinols By.
Cedar Rapids (Ia.) Gas Co.
Cedar Rapids& Marlon City Ry.Co. La Porte (Ind.) Gas & Elec. Co.
Mason City & Clear Lake RR.
Chattanooga (Tenn.) Gas Co.
Ottumwa (Ia.) Gas Co.
Fort Dodge Gas & Electric Co.
Grand Rapids Grand Haven & Mus- People's Gas& Elec. Co.,Mason C'y.
Tri-City Railway & Light Co.
kegon (Mich.) By. Co.
-Grand Haven & Muskegon Ry. was acquired in Jan.
The Grand Rapids
1912; V.94, p. 209. The Tr -City R.& Light Co. was taken over in June
1912; V. 94, p. 769. The Cedar Rapids & Marion City Ry. Co. was
acquired in July 1912.
In Feb. 1913 purchased the People's Gas & Electric Co., the Mason City
& Clear Lake RR., and the Iowa City Light & Power Co. In 1913 also
acquired the Iowa & Illinois By.
-Does entire gas business in Davenport, Cedar Rapids
OPERATIONS.
(supplying also suburbs of Marion and Kenwood Park and Intervening
.
territory), Ft. Dodge, Iowa City, Mason City, Bettendorf, Ottumwa and
Muscatine, la.; Cadillac, Mich., La Porte, Ind.. Rock Island, Moline,
East Moline, Milan. Silvis and Watertown. Ill.; and Chattanooga, Tenn.;
entire electric-light and power business in Davenport, Ft. Dodge, Iowa
City, Mason City. and Muscatine, Ia.; Rock Island, Moline and East
Moline, Ill., and La Porte, Ind. Has hot water and steam-heating system
Operates street
In Davenport and Mason City, Ia., and La Porte, Ind. and Davenport,
railways in Cedar Rapids, Marion, Mason City, Muscatine
railways
Ia., and Rock Island, Moline and East Moline. 111.; InterurbanCity and
are operated between Cedar Rapids and Marion, Ia.; Mason
Clear Lake, la.; Davenport and Clinton, la.; Davenport and Muscatine,
Ia.; Davenport, Ia., and Rock Island, Moline and East Moline, Ill., Grand
Rapids, Grand Haven and Muskegon, Mich. Majority of franchises
extend to 1920, 1930 or later, and some are perpetual.
Child, Hulswit & Co. of Grand Rapids, who promoted the company in
Aug. 1910, offered the stock In blocks of 10 shares (par $100) 1st pref. and
4 shares (par 1100) corn. for $1,000. V. 91, p. 519; V. 92. p. 1110.
-Stock transfer agencies are maintained in New York.
Transfer Agencies.
in Chicago and in Grand Rapids. See V. 97, p. 1358.
Interest. Outstanding. Maturity.
AND BONDS.- Date.
STOCK
Q-M 16,898.700 July'14.1%
Common *12,500,000(1100)- ---112,500,000 (1100)
1st pref
7.713,600 Oct.'14, 131
Q-.1
6% cum
2d pref 15.000.000 ($100) 3%
i
•
2.108,700• . zi
cumulative
7.214.000 June 1 1932
5 g ?-D
First & ref M gold ____g1,000 191
r*tf New York Trust Co., N. Y., Trustee.
& $1,000 & mult
220,000 Jan 1 1915
1913 6%
Note
500.000 Jan 1 1916
1913 6%
Note
100,000 Feb 1 1925
-A
1905 5 F
Cad Gas Lt Co 1st M $100,-1
Tr. Co., Grand Rap., Trustee.
000 (call. at 105& int)__ Mint. at Mich.
598.000 Jan 1 1927
first mtgei 1907 5 J-J
Chattanooga Gas
Corn. Tr. & Say. Bk., Chic.,
$1,5,000 g (51,000)_c*U Int. at Con. &First Nat. Bank, New York.
00
Trustee, or
500,000
6 Quar
____
Chatt Gas Co pf stock ($100).
400,000Sept 1 1932
Iowa City Light & Power 1912 5 M-S
& Comm'l Trust &
-Interest at ContinentalTrustee.
mortgage ($l.
refunding
Say. Bank, Chicago,
c*tt
000,000 ($1,000)
See text
255.500
Iowa City ôas & Electric 1st 1909 6 M-N
tf Int. at Chic. Tr.& Say. Bank, Trustee.1916
mortgage $400,000
116.000 April 1
5 A-0
People's Gas & El 1st ref M 1901
Chicago.
tAo
.
te 19 a
Mtgf 1nt 06t First Tr. & Says. Bk., April 1 1931
$150.000
370,000
People's Gas & El Gen
Chicago, Trustee.
tf1 Int. atCentral Tr. Co.,
$500,000
For securities covering railway properties see separaate companies below.




xcix.

Stock.-lst pref. stock is red. at 105 and acct. divs. 2d pref. stock is
cony,at option of holder into 1st pref. or corn.stk., share for share. June 15
1915. Corn, is only stock with voting power. V. 91. p. 96, 519; V. 92.
p. 1110; V. 95, p. 421.
Bonds.-Int. on 1st & ref. bonds is payable at office of trustee or Cont.&
Comm. Tr. & Say. Bk., Chicgao. Additional bonds may be issued for refunding underlying bonds and for 75% of par value of pref. stock of underlying companies redeemed or purchased,75% of cost of betterments, impts.
and add'ns, and for 75% of cost of additional property, under certain restrictions. Red. as a whole or in part on any int. day at 10214 & hit. on
60 days'notice. Bonds have a depreciation fund beginning 1917 of 2% on
all bonds out,but a portion of the earns,for this fund are now being set aside.
See description of bonds in V. 95, P. 49. Chatt. Gas Co. bonds have a
sinking fund of 115,000 per annum from 1912 to 1926, incl., on 1st $500,000
bonds and 2% additional on any further bonds issued. Subject to call at
105 and int. V. 84, p. 805.
Of the Iowa City Lt. & P. Co. bonds. $260,500 are reserved to retire
prior liens and 1334.500 for new construction at 85% of cost. The Iowa
City Gas & Elec, bonds mature serially 34,000 to $9,000 annually from May
1 1912 to May 1 1927, and $135.000 in 1928. Subj. to call at 105 and int.
on any int. date after May 1 1919. Additional bonds may be issued for
80% of cost of extensions and betterments. The Pro. Gas & Elec. 1st ref.
M.bonds are retired 13.000 annually by sinking fund; may be called at 105
and int. on any int. day.
The two notes dated 1913 for 1220,000 and $500,000 are to be retired
from earnings and are redeemable at any time and are issued without the
deposit of collateral.
%,respectively, have been paid quar. on 1st
Dividends of 1%% and
and 2d pref. since Oct. 1910 to and incl. Oct. 1914. As to stock div. on
common,see V.94, p. 1250. Dividends of 1% on common have been paid
quarterly since April 1913 up to and incl. July 1914. The Oct. 1914 dividend was not paid (V. 99, p. 750). A stock dividend of 1%, payable in
common stock, was paid April 1 1914 in addition to the regular dividend of
1% Paid on the same date. V. 98. p. 525.
-Of subsidiary cos. for 12 mos. end. June 30 1914, gross.
EARNINGS.
$6.199.421; net, after taxes, &c., $2,382,351.
Earnings of United Lt. & Rys. for year ending June 30 1914. gross. 11.366.543: other income. $124,811; expenses and taxes, $97,384; interest.
$401,598; pref. dividends, $527.933; surplus, 1464.440.
-Ps., Richard
OFFICERS.-Pres., Frank T. Hulswit. Grand Rapids; V.
Schaddelee. Grand Rapids: J. F. Porter. Davenport, Ia.; Sec. & Treas..
Rapids; Asst. Secs. & Treas., L. H. Heinke and
Benj. C. Robinson, Grand
operating
C.M.Hurd, both of Grand Rapids. Main office. Chicago;district, headDavenquarters, Grand Rapids. Operating headquarters for Iowa
port,Ia.-V.95. p.49.421.819: V.96.P.421,488.555. 1490: V.97.P. 178,
300, 1358; V. 98. p. 238, 388, 525, 1921; V. 99. p. 468. 750.
(1) Grand Rapids Grand Haven fc Muskegon Ry.-Electric road.
Third-rail system.
-Incorporated in Michigan on March 6 1899. Owns
ORGANIZATION.
and operates an electric road on fenced right of way, connecting the three
cities named in the title, a distance of 39 miles. Franchises in all towns
through which it passes extend to 1929; otherwise private right of way.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1.200,000
Stock,11.200,000 ($100).•
1,500,000 July 11928
5 g J-J
1st mtge.11.500.000(11.000)1 1901
gold
c*tflint. at Standard Trust Co., N. Y., Trustee.
was guaranteed for 5 years
-The interest on outstanding bonds
Bonds.
by the Security Investment Co. of Pittsburgh. See V. 76. p. 479.
ROAD.
-Extends from Grand Rapids in a northwesterly direction to
Muskegon, with a branch to Spring Lake and Grand Haven. Connects at
Grand Haven with Goodrich Line of steamers for Chicago and Crosby Line
ofsteamers for Milwaukee, which are in operation all the year round. Total
track. 47.90 miles; 70
-lb. T rail. Operates 21 passenger. 12 express and 6
work cars. Also does a freight, mail and American Express business.
V. 94. p. 207.
(2) The TH-City Railway & Light Co.
In June 1912 control was acquired by the United Light & Rys. Co.
Tri-City By. & Lt. com. stockholders received in exchange for their shares
$31 16 2-3 cash, $16 662-3 United Rys.6% 1st pref. and 512 50 2d pref.
3% stock. V. 94, p. 768.
ORGANIZATION.
-Incorporated in Connecticut March 3 1906 and
controls through stock ownership the following companies:
Moline Rock Island Mfg. Co.
Tr -City Railway Co. of Iowa.
Tri-City By. Co. of Illinois.People'sg
o.
Moline Rock Island & East. Tr. Co. Davenport Gas & Electric Co.
Moline E. Moline & Watert. By.Co. Davenport & Muscatine By. Co.
Muscatine Lighting Co.
People's Power Co.
Controls all gas plants, electric-lighting companies and street railway
lines in the cities of Davenport. Muscatine. Bettendorf and Rockingham.
Ia., and Rock Island, Moline. East Moline and other smaller towns in
Illinois. and an interurban connecting Muscatine and Davenport. Population served, approximately 132.209. Railway franchises extend to 1930
and 1935: electric franchises to 1935 and 1943 and gas franchises to 1929.
1933 and 1943.
In April 1913 the subsidiary People's Light Co. increased its auth. capital
stock from 11,500,000 to 12.500,000.
Interest. Outstanding. Maturity,
STOOK AND BONDS- Date,
Common 19.000.000($100)----------19.000.000
6 Q-J
3.000.000 July 14, 1%
Pref13.000.0006% cum ($100)
7,889.000 April 1 1923
Coll trust first lien mortgagel 1906 5 g A-0
19,000.000 s f____..c.trtt Int. at N. Y. Trust Co., N. Y., Trustee.
5.282.000 July 1 1930
1st & ref mtge 120,000,000 1910 5 g J-J
c*&rstf Int. at Central Trust Co.. N. Y., Trustee.
gold
Tri-City Railway 1st M_---tf 1902 5 M-S
54.000 Sept 1 1922
Citizens Ry & Lt (1500)..c*tf 1902 5 A-0
288.000 April 1 1912
Stock.-Pref. stock Is redeemable at 120 and accum. divs. See V. 827
.
P 1213. Listed on Montreal. Toronto and Louisville Stock Exchanges.
-Of the 19.000,000 coll, trust bonds, 3550,000 have been retired
Bonds.
by sink. fd. Subj. to call on any int. date at 105 and int. A sink,fund
g50,000 per ann.from Jan. 1 1908 to 1913: 1150,000 for succeeding 5 yrs.;
then 1250,000 per ann. to maturity. Coupon bonds are in denomination
ed.g1,000 and registered bonds in 51,000, 35.000 or 110.000 and multiples.
They are listed on N. Y. Stock Exchange. Of the 1st & ref. bonds, sufficient are reserved for prior liens, and remainder for 85% of cost of additions and improvements. Subject to call at 105 and int. on any int. date.
Sinking fund of1% of bonds out begins Feb. 1 1924. V. 93. p. 1465.
Citizens By. & Lt. Co. bona subj. to call on any int, date at 110 and
int. Int. at Cleve. Trust Co., trustee. or Nat. Bk. of Comm., N. Y.
Dividends.
-First div. on pref., 1;i%, paid July 1906, and 1;i% quar.
since to and including July 1914.
ROAD.-Operates over 123 miles of standard-gauge track,connecting the
cities of Davenport, Ia., and Rock Island, Moline and East Moline. Ill.:
Including an extension to Muscatine placed in operation in 1912. 80-lb.
girder and 60 to 75-1b. T rail. As to operating contract with Iowa & Illinois
rty., see remarks under that company and United Light & Rys. Co.
OFFICERS.-Pres., J. F. Porter, Davenport; V.
-P., Richard Schaddelee, Grand Rapids: V.
-P., H. R. Tobey, N. Y.; Sec., II. E. Weeks; Asst.
Sec., M.K.Parker: Treas., Frank T. Hulswit; Asst, Treas., J. M.Thayer.
-V.89. p. 780.919: V.90, p. 1041; V.91. p. 338. 590, 1448; V.92, p. 882.
952; V.93. p. 1465; V.94. p. 280.488.768,1384, 1444; V.95. p. 818; V.96.
p. 1158.
(3) Cedar Rapids Ee Marion City Ry.
ORGANIZATION.-Incorp. May 1891 in Iowa. Franchise. in Cedar
Rapids expires 1941 and indeterminate on interurban.
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
Stock $1.000.000($100)1650,000
First mtge $250,000 ($1,000)1 1891
.
5 J-J
184,000 July 1 1931
c..ntflInt. at Amer. Tr, Co.. Boston, Trustee.
ROAD.
-Owns road in operation. 28.90 miles in length, extending from
Cedar Rapids, Iowa, to Marion: second track. 2.28; sidings. 3.17; total of
all. 28.90 miles. Rails. 45.60 and 80-lb. T.
(4) Mason City & Clear Lake Railroad Co.
-A trolley toad.
In Feb. 1913 the United Light & Rys. Co. acquired control.
-A trolley road. Operated since July 1897.
ORGANIZATION. ETC.
Owns right of way 33 feet wide from Mason City to Clear Lake, 9 miles.
Length of line within and between the two cities, 18.6 m. Handles all
freight coming over Minn.& St. Louis, Chic. R.I.& Pan., Chicago & North
West.and Chic. Great West.railways between Mason City and Clear Lake.
Franchises run until Oct. 31 1935.

SEPT., 1914.J

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity'
Stock 81.000.000
2400.000
1st mortgage $100,000 gold' 1897 6 J-J 15
8.000 Jan. 1 1917
(81.000)
c tf ant. at Ill. Tr. Se Say. Bk.. Chic.. Trustee.
General mortgage $2.500,0001. 1912 6 g J-D
316,000 June 1 1932
gold ($1.000) ----lint. at First Tr.& Say. Bk.. Chic., Trustee.
Bonds.
-Of the lst mtge. bonds, a sinking fund retires 83.000 yearly at
103. 836.000 1st ref. bonds are reserved to retire old 1st M. bonds; remaining $2.170,000 bonds are for extensions and betterments at 75% of
cost, providing annual net earnings are 1 g times int. charge (Incl. bonds
to be issued). Red. at 105 and int. on any int. day. Sinking fund of 2%
per annum began June 1 1913 to provide for additions and betterments
or for purchase of bonds. V.94,P. 1764.
(5) Iowa Cc Illinois Ry.-A trolley road.
In 1913 the United Light & Railways Co. acquired control.
ORGANIZATION.
-Incorporated in Iowa in September 1901. Is an
electric road, with a steam charter. Franchises expire in 1951.
Haying completed its freight terminals in Davenport, company in 1912
entered into a freight contract with Chic. & North Western Ry. for Interchange of traffic over entire Chic.& North Western system. V.95. v.680.
In Feb. 1913 entered into an agreement with the Davenport & Muscatine By.(controlled by the 'Fri-City By. dr Lt. Co.) by which the two companies have established through service between Clinton and Muscatine,
via Davenport. 'Fri-City By. & Lt. Co. furnishes power and will install
additional equip. Electric light and power is furnished to towns along the
route of the Iowa & Illinois By.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
21,500,000
Common,$1,500.000 ($100)-554,200
Pref.$800.000.6% cum ($100
1.063.000 Jan. 1 1924
1st mtge. $2.000.000. gold), 1904 5 g J-J
elf Interest at Girard Trust Co..Phila..Trustee.
($1.000)
Bonds.-Remaining bonds are reserved for acquiring steam or other railways and to provide for steam railway terminals and equipment at 80% of
cost. No sinking fund, but subject to call on any Interest date at 105 and
interest. See V. 82. p. 100. 160.
ROAD.
-Operates 46.91 miles over owned and leased tracks on private
right of way.connecting Davenport and Clinton, Ia. 70-1b. Trail. Standard gauge. Has agreement with Davenport & Muscatine By.for joint operation between Clinton and Muscatine via Davenport. Also has traffic
agreement for transferring passengers to Rock Island and Moline, Ill.
-Ps., P. P. Crafts and F. W. Ellis:
OFFICERS.-Pres., J. F. Porter; V.
-V.82, p. 100. 160; V. 95. P. 680.
Sec. and Treas.. H.E. Weeks.

GREEN BAY, WIS.
-A holding company.
WISCONSIN SECURITIES CO.
ORGANIZATION.-Incorp. in Wisconsin on Dec. 12 1911 and is a
purely financing company. (V.94, p. 632.)
Stock auth. and out, 81.000.000. Has acquired control of Wisconsin
Pub. Serv. Co.and owns $734,000 bonds of that company placed in escrow.
OFFICERS.-Pres., Clement C. Smith; V.
-Ps., Oliver C. Fuller and
-V.94, p. 632.
Wm. Bigelow; Sec. and Treas., Howard Greene.
(1) Wisconsin Public Service Co.
ORGANIZATION.-Incorp.in Wisconsin in Jan. 1912 as reorganization
and merger of the Green Bay Tract. Co. and Northern Hydro-Elec. Co.
Owns and operates entire city and interurban railway system (except about
1 mile of track) centering at Green Bay.and furnishes as, electric light and
power to Green Bay and suburbs. On Jan. 1 1914 the entire property of
the Green Bay Gas & Electric Co. and the Minahan Electric Co. was purchased. For particulars of Green Bay Gas & El. Co.,see V.82,p. 573.631.
and V. 86. p. 172. Street railway franchise is perpetual and exclusive
until 1918.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,000,000
Common.21,000,000($100)600,000 No div. yet
Prof. $600.000 6% cum ($100)
2,438.000 Jan. 1 1942
1st mtge. & ref. 215.000,000 1912 5 g J-J
c* Int. at Wisconsin Tr. Co.. Milwaukee, true.
gold 41.000)
Green Bay G & E lst&refMi 1905 5 g M-N
463,000 May 1 1935
c* Int. at Wisconsin Tr. Co., Milwaukee, trus.
2750.000, g ($1,000)F-A
Green Bay Light & Pow firstf 1899
34,000 Feb 1 1919
mortgage..First National Bank of Milwaukee. Trustee.
-Wise. Pub. Serv. bonds are subj. to call on any int. day at 105
Bonds.
and int. 51,100.000 bonds are held in escrow (of which 2800.000 are owned
by Wisc. Secur. Co.) to be issued under certain restrictions. Remaining
bonds are for acquisition and to retire underlying bonds under certain restrictions. See V.94. p. 1697. The Green Bay Gas & El. bonds are subj. to
call at 105 until 1924; thereafter at par; 325,000 have been paid & canceled.
$34,000 Green Bay Gas & Electric bonds are in hands of a trustee to retire
the Green Bay Light & Power bonds.
EARNINGS.
-Of combined properties for year end. June 30 1914:
gross, $437,366; oper. expenses and taxes. $260.054: net. $177,312.
-Owns and operates all lines in the city of Green Bay; also
ROAD,&C.
a line from Green Bay to De Pere City, and branch to Duck Creek and a
line from Green Bay to West De Pere, Little Rapids, Wrightstown and
Kaukauna; total, 42.5 miles of track. 70 and 85-11". "T" and girder rail;
28 motor cars; 4 trailers. Gas meters. 3,450: electric meters, 2,575.
OFFICERS.-Pres., Clement C. Smith: V.
-P., L. Patton; Sec. and
Treas., Howard Greene; Asst. Sec. and Asst. Treas.. George Allison, all
of Milwaukee.
-V.94, p. 632. 1697. - • •
_

GREENFIELD, MASS.
MASSACHUSETTS CONSOLIDATED RAILWAYS.
ORGANIZATION.
-Organized in Boston on Nov. 16 1911 as the Massachusetts Northern Rys. In May 1913 name was changed to the Massachusetts Consolidated Railways. Is a voluntary association managed
by
a board of seven trustees. V.93, p. 1462.
stock ownership the following companies: 1599. 1787. Controls through
Concord Maynard & Hudson St. By.I Millers River Street By.
(proposed).
Connecticut Valley Street By.
!Northern Massachusetts Street By.
The system comprises 114 miles of
Central and Northern Massachusetts.road. serving 20 cities and towns in
Both passenger
are provided. Rights of way are being secured on the and express service
proposed line from
Orange to Millers Falls.
SharesOutstanding. Last Div.
Common 31.640.300 ($100)
$1.619.900 Oct. '13. 34
Prof $1,100,000($100) cum (see text) Q-F
STOOK.
-Additional pref. shares only to be issued 704.600 Aug.'14.13(
when net earnings for
12 mos.ending not more than 180 days prior to date of issue shall have been
134 times amount necessary to pay div. on shares out and applied for.
Dirs. on pref. are 5% to Nov. 1 1914. incl.: 534% to Nov. 1 1917..
incl..
and 6% thereafter. In case of liquidation pref. Is entitled to $110 per share
up to Nov. 1 1914.$115 to Nov. I 1917 and $120 thereafter. V.93. p. 1599.
-On pref., 1 g% quar.from Feb. 1912 to and inc. Aug. 1914.
Dividends.
On common, initial dividend of 34% was paid Oct. 15 1913.
EARNINGS.
-Of 5 sub. cos. for year ending June 30 1913. gross.
$531.639: net, 8168.346; int. & taxes, 8103.770: pref. divs.. $9,450: corn.
diva, 323.468; balance, $31.659.
OFFICERS. Sec.& Treas., D.P. Abercrombie Jr.; Greenfield, Mass.V.93.p.1462,1599. 1787: V.94,p.351: V. 96. p. 1489: V. 97. p. 365. 951.
Connecticut Valley Street Ry.-Trolley. The Mass. Consol.
(1)
Rys. owns 4,891 shares of the stock.
ORGANIZATION.
-Incorporated in 1899. Commenced Jan. 22 1900.
Is a consolidation on April 1 1905 of the Northampton & Amherst Street
By.,the Greenfield & Turner's Falls Street By.and the Greenfield Deerfield
& Northampton Street By., as per plan in V. 80. p. 1111.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock, corn,$500,000($100)--------$500
.000Aug
%
Pref.$120.000(6% cumY($100) ---M-S
120.000 Mar '14.3%
Connecticut Valley St Ry 1st 1900 5 g MS
120.000 Sept. 1 1920
Inert gold ($1.000)..c•-ntf Int. at Old Colony Trust Co.. Boston. Trust.
Northam & Amh lot mtge, 1900 5 g M-S
180,000 Sept. 1 1920
$180,000 g ($1,000)..c..ntf Int. at Old Colony Trust Co..Boston. Trust.
5 g J-J
Greenfield Deerfield & North 1903
150.000 July 1 1923
first mort, $150.000. gold Int. at Mercantile Trust Co., Boston. Trust.
($1,000 and $500)- -c...ntf No sinking fund and bonds cannot be called
5 g JD
64.000 June 1 1916
Greenfield & Turner's Fallsf 1896
ntf Interest at Beacon Trust Co.. Boston.
first mtge. It, fGreen&TurnFall5consm$130. 1903
-f
5 g J-D
64.000 June 1 1923
.4 I tC2-13
,
000 g ($500. $1,000) c*.ntflInterest at BeaconTrus25 00 1eston,Trus.
-., 125,0001
Loans payable June 30 1913-- -------




57

& Turner's Falls first mtge.(originally $100.000' provides for the payment of$2,000 annually from 1897 to 1915. incl.. at a premium. Sufficient of the consols is reserved to retire the 1st mtge. bonds at
maturity. The Northampton & Amherst bonds are subject to call at 105
on 4 weeks' notice, as are the bonds of the Connecticut Valley Street By.
The $120,000 Connecticut Valley bonds were issued under the first mtge. of
the Northamp. & Amh. St. By., which was originally drawn for $300.000.
Dividends.
-On pref., 3% semi-ann. since Sept. 1910 to and incl.
1914. On corn.. in 1912. Feb. 1%; Aug., WY.. In 1913. Feb.. Mar..
May, 1%; Aug.. fi%; Nov., %. In 1914, Feb.. %%; Aug. 3470:
%•
EARNINGS.
-For year end.June 30 1913.
$80,752;
Int.& taxes. 246.269: pref. diva.,$7,200;corn.gross.$237.051;net,814.801.
divs.. $12.482; bal..
ROAD.
-Owns and operates 47.054 miles of track between Mlller'sFalls,
Turmer's Falls, Greenfield, Northampton and Amherst. 41 passenger
cars, 2 snow-plows. 5 other cars and 134 electric motors.
OFFICERS.-Pres.. F. E. Pierce; Sec.& Treas., D.P. Abercrombie Jr.:
Supt., J. A. Taggart.
-V.95, p. 297; V.96. p. 1296; V. 97, p. 298: V. 98.
p. 1392.
(2) Northern Massachusetts Street Ry.-The Massachusetts Congo'.
Rys. owns all the common stock ($350,000) and $50,000 of the pref. stock.
ORGANIZATION.-Incorp. in Mass. on July 1 1894 as the Athol &
Orange Street By. Name changed to above on May 1 1913. In Jan. 1913
purchased the property and franchises of the Templeton Street By. and on
Mar. 1 1913 absorbed the Gardner Westminster & Fitchburg Street By.
As a result of these acquisitions. stock
one class. to 2500,000,a which $150.000was increased from 874.500, all of
is 6% cum. pref. stock.
STOCKS AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $350.000
$350,000
Pref6% cum 2150,000-150,000
1st&refM 25,000,000 41,000 1913
5 g M-N
:0B000stoMna.yTrul
red'l on 434% int bas
tf Int. at American Trust C2o55.
Trustee.
Athol & Orange 1st mtgentf 1905 5 J-J
60.000 Jan 1 1915
Gard Westm & Fitchburg 1st( 1900 5 F
-A
185,000 Feb 1 1920
mtge ($1,000) gold_ _csntflInt. at Old Colony Tr. Co.. Boston, Trustee.
Loans payable June 30 1913_
340.000
Bonds.
-Of the $5,000,000 1st & ref. bonds, 2245.000 are reserved
retire an equivalent amount of underlying bonds. No sinking fund. to
EARNINGS.
-Of combined companies for year ending June 30 1913.
gross. 8221.037: net. $63,989; int. charges. $41.481; pref. div., $2.250:
corn. div., $10,985: bal.. surplus, 29,273.
ROAD.
-47.7 miles of track.
-V. 97, P. 365. 1357.
(3) Concord Maynard & Hudson Street Ry.-A trolley road. The
Mass. Consol. Rys. OWIls 2,276 shares of the stock.
ORGANIZATION.
-Organized in Mass.rhusetts
quired Concord & Clinton St. By. Feb. 1 1902. On Mar. 27 1901 AcAug. 25 1911 acquired
Lowell Acton & Maynard St. By. V. 93, p. 1786. Franchises perpetual.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $235.000 ($100)_ _ _ _
$235,000 See earnings
1st mortgage $250,000 gold( 1902 5 g J-J
230,000 Jury
1922
(21.000)
Int. at Amer. Trust Co. Boston, Trustee.
Loans payable June 30191.
c84r"
n3 1
ROAD.
-Owns 19 miles of track between Concord4 Maynard, Acton.
,b 0
"
to
Stow and Hudson. At Concord connects with Lex. & Bos, and at
with Worcester Consol. and Boston & Worcester.
EARNINGS.
-For year ending June 30 1913.
604; interest charges, $16,019; balance. $7,584. gross. 573.551: net, $23,(4) Millers River Street RY.
Rights of way are being secured on this company's proposed line between
Millers Falls and Orange.

GREENSBORO, N. C.
NORTH CAROLINA PUBLIC SERVICE CO.
ORGANIZATION.
-Chartered in North Carolina in
Purchased
the Greensboro Elec. Co., Greensboro Gas Co. and High1909. Elec. Pow.
Co. In 1911 acquired majority of the stock of Salisbury & Point By. Co.,
Spencer
which company it also leases for 50
93,p. 1324. Doss entire gas.
electric-light and poser and streetYears. V.
railway business of Greensboro (and its
suburbs of Proximity. Revolution. White Oak and Pomona . Salisbury,
Spencer and East Spencer, entire street railway and electric business of High
Point and municipal street
-lighting and street railway business of Concord.
Power is purchased from Southern Power Co. In 1910 franchises had the
following number of years to run: Greensboro, 28 yrs.;
h Point, 59 yrs.;
Salisbury and Spencer, 51 yrs.; Winston-Salem, 58 yrs.; also has a 30
-year
franchise in Gullford County and township. In 1913 obtained a 60
-year
franchise for a street railway in Lexington and Thomasville.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $3,500,000($100)_
83.322,900
First & ref mtge $3,500,000
r 11934
,
($100. $500 and $1,000)tfc Int. at Equitable Trust Co., N. V ., trustee.
P
Greensb El Co gold mtges (2
issues ($500 & $1,000) ctf -___
5%
203,500
Salisb & Spen By 1st M gold 1905
5 g M-N
522,000 May 1 1945
$1,000,000 ($1,000)__etf Int. at Mich. Trust Co., Grand Rapids,
trustee, or W. N. Color & Co.. N. Y.
Bonds.
-Of the 1st & ref. mtge.. $203,500 are reserved to retire like
amount of mortgage bonds of Greensboro Elec. Co., $14,400 are held in
treasury and 21,402.500 are reserved for future improvements and acquisitions under proper limitations. V. 88. p. 1128: V. 94. p. 699. Subject to call on any interest date at 105 and interest. Sinking fund of
1% per annum of gross income, July 1915 to 1920; 134% July 1920-1925.
and 2% 1925 to maturity. Of remaining Saltsb. & Span. By. bonds. $29.000 are in treasury and 3449.000 are reserved for future extensions and improvements. Redeemable at 105 and interest.
EARNINGS.
-For fiscal year end. Mar. 31 1914. gross, $465,215; net,
$187,065; int. & taxes. $122,305; surplus. $64,760.
ROAD.
--Owns 27.8 miles of track. 60 and 70-1b. T and 90
-lb. girder
rails. Standard gauge. 39 cars. Connecting extensions between the
various cities are proposed. Owns Lindley Park at Greensboro. Electric
plants capacity 2,800 h. p. 178 miles transmission lines. Gas plants
capacity 920,000 cu. ft., 70 miles of mains.
OFFICERS.-Pres.,B. S. Color; V.
-P. Sc Gen. Mgr.,E.C. Deal; V.
-P.,
Z. V. Taylor; Sec. & Treas., L. H. Hole Jr.: Asst. Sec. and Asst. Treas..
E.B. Color
-V.94, p.699; V.95. p.361; V.96, p.790; V.97, p. 50.

GREENVILLE, S. C.
GREENVILLE TRACTION CO.
-A trolley road.
In Sept. 1910 Southern Power Co. purchased control.
ORGANIZATION.
-Incorporated in South Carolina on Sept. 7 1899.
Power is supplied to this company by the
for particulars of which see V. 85. p. 224. Greenville-Carolina Power Co.;
Operates 15 miles of track.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock 8500.000 (8100)_
$306,000
First mtge $250.000 currency( 1901
5F
-A
250,000 Feb 1 1931
($1,000 and $500)
elInterest at Girard Trust Co.,Phila.. Trustee,
OFFICERS.-Pres., Z. V. Taylor: V.
-P., W.S. Lee; Sec., N. A. Cocke,
Treas., E. Thomason.
-V. 91, p. 1511.

GULFPORT, MISS.
GULFPORT & MISSISSIPPI COAST TRACTION CO.
ORGAN1ZAT1ON.-Incorporated in Mississippi in
the Biloxi Electric By. & Power Co. and the Gulfport 1905. Purchased
Development Co.
In 1907 increased auth. stock from $1,000,000 to $2,000,000.
STOCK AND BONDS- Date,
Interest. Outstanding, Maturity.
Stock $2,000.000($100)-----51,000,000
1st mort g1.0060,000 gold 1005
6 g A-0
1,000,000 Sept 30 1935
41.000)
tf Int. at Hibernia Bk.& Tr. Co.,N.Orl.. Trus
2d M gold (81.000)____ett 1907 6 g J-J
692,000 July 1 1932
Hibernia Bank &
Bil. El. By.& P. 1st mtge.,g. 1903 6 g J-J Trust Co., Trustee,
170.400 Jan
($100,$500 & $1,000)
tf Int.at Hibernia Bk.& Tr. Co.,New 1 1924
Orleans.

r

Bonds -The bonds of 1905 are subject to call on Oct. 1 in any year at
105; up sinking fund. Interest on 2d mort. is payable at First Nat. Bank,
Gulfport. Bonds have no s. f. and are not subject to call. The Biloxi
Electric Railway & Power bonds are subject to call at 106 and interest.
-For year ending June 30 1914, gross,$266.004. In 1913.
EARNINGS.
gross, $272.679.
-Operates 13 miles of track from Gulfport to Biloxi and 11 miles
ROAD.
from Gulfport to Pass Christian; also 6 miles of track in Biloxi; total, 30 m.
-P. and Aud., R. E. PowOFFICERS.-Pres., J. T. Jones, Gulfport; V.
ers, Buffalo,N.Y.; Sec.. H.C.Elder; Treas., F. V. Osborne, Gulfport; Gen.
-V.83, p. 95.
Mgr., W.F. Gorenflo, Gulfport.

HAGERSTOWN, MD.
THE HAGERSTOWN & FREDERICK RY. CO.ORGANIZATION.-Incorp. Apr. 7 1913 in Maryland as a consolidation of the Frederick RR., Frederick Gas & El. Co., Myersville & Catoctin Ry., Hagerstown Ry., Hagerstown & Boonsboro RR., Hagerstown &
Myersville RR., Hagerstown & Northern RR. and Frederick & Hagerstown
Power Co. V. 98. p. 947, 1422. Has agreed to purchase properties of the
Frostburg Ilium. & Mfg. Co., subject to the approval of the P. S. Commission. V. 98. p. 1694.
Franchises are perpetual or extend at least 15 years beyond life of bonds.
New Securities.
-In May 1914 the authorized amount of pref. stock was
Increased from 51,000.000 to $2,200,000 and a new $10.000,000 6% first &
refunding mortgage was filed to the Fidelity Trust Co., Bait., trustee.
V. 98, p. 1608. 1694.
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,000.000
Common $2,000,000 :$50)---- ---635,000
Pref.7% cum ($2,200,000) $50 ____
800,000 Apr 1 1944
1st& ref M $10,000.000($1001 1914 6 g A-0
$500 & 51,000) g sf_c_cptf Fidleity Tr. Co.,Balt.,Tr. Int. pay.In Balt.
1,225.000 May 1 1954
5%
Adjustment mortgage _______ ____
200,000 May 1 1916
Hagerstown By first mtgef 1896 6 g Q-F
lInterest at Eavy, Lane & Co.. Hagerstown.
$200.000 gold
5%
120,000 July 1 1924
Hager & Myers Ry 3125,000- 1904
5 F-A
110,000 Feb 1 1922
Hagers & Boonsb By 1st M 1902
$ , )c Int. at Maryland S. & Tr. Co., Hagerstown.
5120.000(
5 g F-A
200,000 Mar 1 1927
Hagers & Nor RR 1st mtge 1908
$200,000 gold (51.000,$500 Int. at Maryland S.& Tr. Co., Hagerstown.
Trustee, Wm.Jennings.
c*
and $100)
300,000 Apr 15 1922
6%
Fred & Hagers Power 1st M.._ 1912
35,000 July 1 1929
5%
1904
Meyersv & Catoc 1st M
190,000 Mar 1 1960
1
Frederick RR Ist & ref M1910 5 g -S
($1,000)__ Fidelity Trust Co., Baltimore, Trustee.
00
$1,5.000 gold
250,000 Dec 1 1935
Fred & Middletown 1st mtge 1905 5 g J-J
$250,000 gold ($1,000)___c Fidelity Trust Co., Baltimore, Trustee.
181,500 July 1 1929
Fred Gas & Elec 1st M $200.-1 1904 5 J-.1
000 g ($500&51,000) g,p&I Interest at West End Trust Co., Philadelphia, Trustee.
by Fred RR;not sub to call
1925
30,000
5%
Monocacy Valley Ry first 1908
Steiner Schley & Leonard Waese.he of Fredmortgage
erick, Md., Trustees.
-The pref. stock is redeemable at par and dividends. Common
Stock.
stock has been placed in a voting trust. V. 98, p. 1608, 1694.
-Of the new $10.000,000 mtge., 51,050,000 are reserved to retire
Bonds.
prior lien and $8,150,000 reserved for additions. improvements, &c. The
additional bonds of the 510,000.000 can be issued under certain restrictions
(see V. 98, p. 1694). Rate of interest on reserved bonds 'satiable, bearing
interest at rate or rates not exceeding 6% or less than 4%. Sinking fund.
beginning Oct. 1 1919, payable semi-ann.: till Oct. 11926, 1% of 1st & ref.
6s and prior liens; 1927-1934, 2%; 1935-1944, 3%. Red. at 105 and int.
on any int. date. The Hagerstown & Boonesboro By. bonds are red. 1912
at par. The Hagerstown & Northern RR.bonds are subject to call in 1917.
$280,000 of the Frederick RR. 1st & ref. bonds are reserved to retire a
like amount of prior liens. Bonds are subject to call as a whole on any int.
date at 105. Int. payable at company s office in Frederick. Fred. &
Midd. bonds are subject to call at 105 on any int. date. Fred. Gas & El.
bonds are guar. p. & I. by Frederick RR. Bait. Trust Co., trustee. The
Monocacy Valley 1st M. bonds are secured by an equal amount of bonds
of the Frederick RR.
EARNINGS.( Incl. Frostburg Ilium. & Mfg. Co.)- For year ending
April 30 1914, gross. $399,081; net, after taxes, $135,510; bond int.. $102.500; balance, $33,010.
-Operates street railways in cities of Hagerstown and Frederick,
ROAD.
Md., and an interurban railway extending from Frederick to Hagerstown.
with extensions from Frederick to Thurmont. Md.,also from Hagerstown to
Shady Grove,Pa.,and with branch lines to Boonsboro and to Jefferson, Md.
Mileage operated aggregates 87.5 miles.
-Pros.,
OFFICERS.-Pres., Emory L. Coblentz, Frederick, Md.; V.
Henry Holzapfel, Hagerstown: Sec., M. P. Moller, Hagerstown; Treas.C. .A. Hoag, Hagers.
Thomas H. Haller, Frederick; Asst. Sec., &
Treas..
town; Gen. Mgr.. W. J. Harvie.-V. 96, p. 947. 1228, 1422, 1488; V. 98.
p. 1608. 1694.

HAMPTON, VA.
NEWPORT NEWS & HAMPTON RY.. GAS & ELECTRIC CO.
-This company was organized in 1914 as the consoliORGANIZATION.
dation of the Newp. News & Old Pt. Ry. & Elec. Co., Citizens' By. Light
& Power Co., Hampton Roads Traction Co.. Newport News Gas Co. and
the Hampton Phoebus & Fort Monroe Gas Corporation.
Interest. Outstanding. Maturity
STOCK AND BONDS- Date.
$1,250,000
Common $1,250,000
1,000,000
Preferred $1,250,000
2,479,000
mtge $7,500,000_1
First & ref.
Maryland Trust Co., of Bait., Trustee.
The outstanding amounts of the underlying bond Issues in the following
table are the amounts prior to the consolidation, and aggregate 84,056,000.
Since the consolidation there have been numerous changes and it is off!
daily stated that the underlying bonds of the Newport News & Hampton
-see V. 98, p. 1460.
By., Gas & Elec. Co. total only 52,225,000
Outstanding. Maturity.
BONDS prior to Merger (see above). Interest.
1927
575,000
Newp.News Gas Co bds 575,000_ _ _
J-J
700,000 June 11931
Hampton Roads Tr 1st rntge__ 1906
125.000 July 1 1929
Hampt Ph & Ft M let MI 1909 5 J-J
Interest at Citizens' Bank,New York.
$200.000
El.
Newport News & Old Pt. Ry
5 g M-N
900,000 Nov 1 1938
First mortgage 5900,000 goldi 1898
c* Interest at Alex. Brown & Sons, Bait., Md.
($1,000 each)
5 g M-S
1,456,000 Mar 1 1941
General mtge $4,0G0,000 gold 1901
cs Int. at Alex. Brown & Sons Baltimore Md
(51,000 each)
or at company s agency in New York.
5 g M-N
800,000 May 1 1940
First mtge Citizens'Ry L& P 1900
Maryland Trust Co., Baltimore. Trustee.
5800,000 ($1,000) gold_c*
Guaranteed prin & Int_ _ _ _ Interest at Alex. Brown & Sons, Baltimore.
-$230.000 preferred stock is in treasury.
Stock.
-Of the $2,479,000 1st & ref, bonds issued, 5175.000 are in the
Bonds.
treasury. The Maryland Tr. Co., Baltimore, is trustee of both the first
and general mortgages of the Newport News & Old Point Railway dr
Electric. The Newport News & Old Point bonds of 1898 are subject to
call at 110 on any interest day at 60 days notice. The Citizens' Railway
Light & Power Co. bonds are subject to call at 110 an any interest day at
60 days notice; they are guaranteed by the Newport News & Old Point By.
& Electric. See V.71, p.84.
-Including Citizens' By., Light & Power Co. and Hampton
ROAD.
Roads Trac. Co.. operates 42.98 miles of track.
-P., E. F.
OFFICERS.-Pres., C. Loomis Allen, Syracuso, N. Y.; V.
-P. & Gen. Mgr., .1. N. Shannahan. HampPeck, Schenectady, N. Y.; V.
-V.98, p. 236. 767, 1460.
ton: Sec. Sy Treas., William Stewart, Hampton.

44

HANOVER, PA.
HANOVER & McSHERRYSTOWN STREET RAILWAY CO.
ORGANIZATION.-Incorp. in Penna. in 1892. Its charter runs for
999 years. Owns all the ($100,000) stock of the Hanover Light Heat &
Power Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS-- Date.
5135,000 July'14, 2%
Stock 5200.000 ($50)-------------400.000 June 1 1928
First mtg 5500.000 g (31.000)1 1908 5g Jcall at 105_ _c*tifInterest at York Trust Co.. York,Pa., Trus.
subject to




[VOL. xcix.

ELECTRIC RAILWAYS

58

-Of remaining bonds $100.000 are reserved for extensions, &c.
Bonds.
Dividends.
-In July 1894, 2%;in 1895. Jan., 23•6; 1897-1902 records
lost. 1903 and 1904 none. In 1905, Jan.,6%. In 1906 and 1907. none;
Jan. 1908 to Jan. 1913, incl.. 6% per annum. In July 1913 50% stock
div. paid; Jan. 1914 (regular). 4%; July, 2%.
-For cal. year 1913, gross. $92,812; net, after taxes, $43.EARNINGS.
621; int.. $21,138; dividends. $5.400; surplus, 317.083. In 1912. gross.
$87,653; net, after taxes, 540.600; interest, $20,906; dividends, 55.400;
surplus. $19,694.
ROAD.-Owns 12.57 miles of track in and between Hanover,McSherrystown, Littlestown and Conewago Chapel. Standard gauge. 60-1b. T and
girder rails. An extension to New Oxford is under construction; about
1-3 of a mile is completed and in operation.
-P., W. D. Himes; Sec. & Treas..
OFFICERS.-Pres., J. W.Steacy: V.
-V.98. O. 1459.
Ellis S. Lewis; Gen. Mgr.,R.E. Manley.

HARRISBURG, PA.
HARRISBURG RAILWAYS.
ORGANIZATION.-Incorp. in Penn. on Nov. 29 1912 and merged
the Central Pennsylvania Traction Co. (see "Electric Railway" Section of
Sept. 1912) and its subsidiaries. V. 96. p. 202.
Of the new bonds,$3.000,000 have been issued,the proceeds of which will
retire or provide for retirement of all underlying bonds except the Citizens'
Passenger first mortgage 68. A certificate was filed on Jan. 6 1914 to
Increase the auth. debt from $3,000,000 to $3,169,900. V. 98, p. 155.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$3.000,000
Common $3.000.000.S
- ee text
2,100,000
Preferred cum 52,100.000-- ---First & ref. mtge $10,000.0001, 1912 5 J-D
3,000,000
1942
. Harrisburg Trust Co., Trustee.
(54.000 an
)Ling Bl Mtn mtg $125:600 1905 5 A-0
8.100 April 1 1935
gold ($100 & 5500)-ctf Interest at Harrisburg Trust Co., Trustee.
Harr dr Hum 1st M 5200,000 1905 434 g M-N
17,000 April 1 1935
guar prin and interest-At
75,000 May 1 1924
Citizens' Passenger first mtge 1894 6 g M-N
Int. at Com'w'th Guar. Tr. Co., Harrisburg.
$75,000 gold
STOCK.-Pref.stock is cum.at 5% until 1915 and 6% thereafter.
-For fiscal year ending June 30 1914,
REPORT (of merged companies).
gross, $1.026,137; net, $609,948: rentals, taxes and int., diva, and betterments, $559,206; surplus. $50,742.
ROAD.-Owns and operates 73.51 miles of line.
-P.,
OFFICERS.-Pres. & Gen. Mgr., F. B. Musser, Harrisburg; V.
B. F. Myers; Sec., Jas, 0 Connell. Office, Harrisburg.
-V. 95,n. 1745;
V.96. D. 209; V. 98, p. 155.
VALLEY RAILWAYS.
ORGANIZATION.
-Incorporated in Pennsylvania in July 1912 and in
Sept. 1912, after increasing its stock from 310,000 to $2,500,000 (of which
$500,000 is 6% cum. pref.), purchased control of the Valley Traction Co..
which in turn controlled the Harrisburg & Mechanicsburg Elec. Ry., White
Hill & Mechanicsburg Pass. Ry., Carlisle Sr Mechanicsburg St. Ry., West
Fairview & Marysville Elec. St. Rys., Harrisburg & Riverton St. By.,
Fairview & Riverton By. and the 'United Electric Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
52.000.000
Common 52.000,000 ($100)500,000
6%
Fret cum $500,000 ($100)_--- ---1,000,000 Aug 3 1952
Collateral trust $1.700.000..tf 1912 5%
700.000 Oct 1 1933
5 g A-0
Valley Trac 1st M $700,0001 1903
gold ($100 & $500)--c*ntf'Int. at Farmers' Tr. Co., Carlisle. Pa., Trus.
-Remaining coll, trust bonds ($700,000) are reserved to retire
Bonds.
prior liens. Valley Traction bonds are subject to call at 110. A sinking
fund of $5,000 per annum commenced Oct. 1 1908.
-Operates 44 miles of road from Harrisburg to Marysville and
ROAD.
to Carlisle.
OFFICERS.-Pres. & Gen. Mgr.. C. H. Bishop, Lemoyne, Pa.; Sec. &
-V.96, p. 64.
Treas., C. M. Davidson. General offices, Lemoyne.

HAVERHILL, MASS.
NEW HAMPSHIRE ELECTRIC RYS.
ORGANIZATION.-A voluntary association succeeding the New Hampshire Traction Co. on Aug. 1 1905. Owns all the bonds of the following
companies except $84,000 of the Dover Somersworth & Rochester St. By..
549.000 of the Amesbury & Hampton St. By. Co., 5230,000 of Citizens
Elec,St. By.:also owns all the stock of these cos.: In New Hampsheir,Dov.
Somersworth & Rochester St. By. Co.; Rockingham County Light & Power
Co.; Granite State Land Co:in Maine, Kittery Electric Ltg. Co.,In Mass.,
Massachusetts Northeastern St. By. Co.
Interest. Outstanding. Last Div•
STOCK AND BONDS- Date.
$3.900,000
Common 54,000.000 4100)J-J
3,400,000 Jan.'14,2%
54,000.000(3100)
Pref4% n-c.
LIENS.
UNDERLYING
Dover Somers & Roch 1st M
See text. July 1 1921
5 g J-J
g 5300.000 (51.000) c* a f 1901
$5,000 per ann begins 1904; Interest at American Trust Co., Boston.
bonds cannot be called__ _ _
See text. Oct 1 1919
5 g A-0
Amesbury & Hampton 1st M 1899
gold 5100.000 (31,000)„.. Int. at Beacon Trust Co., Boston, Trustee.
5 g J-D
230,000 Dec 1 1920
Citizens Elec St By first 1900
Beacon Trust Co., Boston, Trustee.
mtge $230.000 gold
Mass Northeastern St Ry 1st
5 J-J
1914
1.000,000 July 1 1934
mortgage, $2,000.000
-New Hamp. Elect. Rya. owns all the $300.000 Dover Som. &
Bonds.
Rochester bonds except $84,000; and all the $100,000 Ames. & Hamp.
bonds except $49,000.
-For year ending June 30 1914, gross, $938,094; net,
EARNINGS.
$275,771; int. & taxes, $109,192; balance, $166,579.
-Company paid 1% each 6 mos. on pref.from July 1908
DIVIDENDS.
to and incl. Jan. 1910. From July 1910. 1% semi-ann.. to and includ.
-a.
Jan. 1912. July 1912 and thereafter, up to and incl. Jan. 1914,2%.s.
-Companies controlled operate 140 miles of track connecting
ROAD.
Nashua,Pelham,Lowell,Lawrence, Methuen, Haverhill, Salem, Merrimac.
Amesbury, Salisbury, Newburyport and Salisbury. Seabrook and Hampton
beaches. Dover. Somersworth, Rochester and East Rochester-all points
in N. II. or Mass. Company owns several pleasure resorts. Also does
electric-lighting business. Population served. 500,000.
-P., M. N. Buckner,
OFFICERS.-Pres.. D. A. Belden. HaverhilL• V.
1500; V.
New York; Sec. and Treas., F. J. Horne, New York. V. 88, p. V. 96.
p. 47. 236. 298;
90, p. 237: V. 91. p. 215; V. 94, p. 1696; V. 95,
p. 863; V. 97, v. 803; V. 98, p. 236;V. 99, p. 673.

HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
acquired
ORGANIZATION.-Incorporated in New Jersey May 1901 and Wilkes
the
the entire ($1,500,000) capital stock and ($1.500.000) bonds of deposited
(Pennsylvania incorporation) and
Barre & Hazleton Railway Co.
Traction Co.'s
the same, together with 5140,000 (entire issue) of the Lehigh
stock of
5% certificates of indebtedness and $922,200 of the $1,000.000
for the Wilkes-Barre & Hazleton Railthe Lehigh Traction Co. 88 security
V. 72,
road Co. issue of first collateral trust mortgzge 5% gold bonds.
and perpetual
p. 1281. Franchises are 999 years in and around Hazleton
from Hazleton to Wilkes-Barre.
-The interest due May 15 1914 on the collateral trust
Interest Not Paid.
In lieu of paying the interest
mtge. of 1901 due May 15 1951 was not paid. coups., due May 15 1914 to
were requested to surrender their
bondholders
,
company issued non-interest-bearing cerNov. 15 1916, and in return the
The
tificates for the coupons as they become due. See V. 98, p. 1539.
Traction
default was the result of a strike of the employees of the Lehigh
Co. below.
Co., a subsidiary-See Lehigh Trac.

SEPT., 191.4.1

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $2.500,000 ($100)-$2,500,000
Pref6% non-cum $700,000._
185,600
Collateral trust mortgage $2.-1 1901 5 g M-N 15 1,900,000 May151951
500.000 gold ($1.000)___c*Int. at Guaranty Trust Co.. N. Y., Trustee
Collateral trust mortgage $1,- 1905
1.227.000 Oct 1 1945
5 g A-0
500.000 gold ($1,000)____c Int. at Guaranty Trust Co.. N.Y., Trustee.
Bonds and Stock.
-Ofthe authorized issue of$2,500.000 coll,trust bonds of
1901.$600,000 are reserved to retire all bonds of the Lehigh Traction Co. A
sinking hind of $20,000 per annum, which began June 11908. is to be invested in the collateral trust bonds or in bonds purchasable by savings
banks in New York State. See V.72,p. 1281; V.78, p.289. The collateral
trust bonds of 1905 have a sinking fund of $10,000 per annum, which began
in 1910. Bonds can be called at 110. Preferred stock can, at option of
company be changed at any time into the bonds of the company, at par,
said bonds to bear not less than 5%,or may be red. at par in cash.
EARNINGS.
-For cal. yr. 1913 (incl. allied companies), gross. $458,344;
net. $237,018; int., taxes and renewals, $208.949; surplus. $28,069.
OFFICERS.-Pres.,A.Markle; V. & Gen. Mgr.,C.B.Houck;Sec. de
-P.
Tress N. C. Yost.
-V.83, p. 1292; V.87, p. 679; V. 98, p. 1539.
(1) Lehigh Traction Co.
-A trolley road.
ORGANIZATION.
-Chartered Nov. 7 1892. Franchise perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton & Suburban Electric Ry., capital $30,000; Hazleton & South
Side Electric Ry.. capital $75,000; Hazleton & North Side Electric Ry..
capital $75,000. The $140.000 certificates of indebtedness and $922.200
of Lehigh Traction stock are deposited as security for the Wilkes-Barre &
Hazleton RR. bonds of 1901.
Strike-Interest Defaulted.
-On Dec. 31 1913 a strike was begun which
resulted in the default of the payment of the interest due June 1 1914 on
the 1st M.,5s of this co. (int. on 1st M.bonds of the Wilkes-Barre & Hazleton RR. was also defaulted. V.98,p. 1539). Bondholders were requested
to surrender their coupons falling due June 1 1914 and the five succeeding
interest periods, and to accept in lieu thereof non-int.-bearing scrip, payable
before any dividends are paid and callable at par. A protective committee
has been formed and asks deposits of the bonds at Northern Trust Co.,
Philadelphia. V. 98, p. 1694.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)-----------$1,000,000
First mortgage $500.000 goldt 1893
5 g J-D
500.000 June 1 1923
($100. $500. $1,000)_ ___c*jMarkle Bkg. & Tr. Co., Hazleton. Trustee.
Certificates of indebtedness
140,000
Male Park bonds. 560,000.-- 1895 5 g A-0
60,000
1925
ROAD.-Operates 22 miles of track,new 58-lb. steel T rails, oak ties, well
ballasted. Road extends from Hazleton to West Hazleton, to Yorktown
(connecting with Pennsylvania RR. and Lehigh Valley RR.). to McAdoo
(south) and Milnesville, Latimer Mines and Freeland (north).
OFFICERS.-Pres.. A. Markle; V.
-P., C. B. Houck; Sec. and Treas.,
N.C. Yost; Gen. Mgr., C. B. Houck. V:98, p. 1694.
(2) Wilkes-Barre & Hazleton Ry.-A trolley,steam and third-rail road.
ORGANIZATION.
-Chartered Dec. 13 1899 under General Railroad
Law Act of April 4 1868, State of Pennsylvania. The Wilkes-Barre &
Hazleton BR. owns the entire stock and bonds.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity
Stock $1.500,000 full paid_
S1,500,000
First mortgage $1,500,0001 1901
5 g M-N
1,500,000 May 1 1951
f Interest at Guaranty Trust Co.,N.Y Trus.
gold
-Owns 27 miles of road from Hazleton to Wilkes-Barre. and uses
ROAD.
for terminals 1 mile Lehigh Traction Co. track at Hazleton and 2 miles
Wilkes-Barre Terminal RR. Co. track at Wilkes-Barre; total, 30 miles.
Entire road placed in operation May 1 1903. Rails, 95 lbs.
OFFICERS.-Pres., A. Markle; V.
-P. and Gen. Mgr., C. B. Houck:
Sec. and Treas.. N. C. Yost; Supt. of Trans., A. F. Hanger.
(a) Wilkes-Barre Terminal RR.
ORGANIZATION.
-Incorporated on Oct. 9 1903. Stock authorized
and outstanding, $35,000 (par $50). Bonds authorized, $600,000 (c&r);
Date 1905; due Oct. 11945. Int.(5g. A-0) pa,yable in New York.
ROAD.
-3 miles. between W. B. Ter. RR. June. and Wilkes-Barre.
Rails, 95-1b. T; gauge, 4 ft. 84 in. Pres., C. J. Kirschner; Sec.-Treas..
N. C. Yost.

HELENA, MONT.

THE HELENA LIGHT & RAILWAY co.
-Trolley. electric light and
power, gas light and fuel.
ORGANIZATION.
-Incorporated in Connecticut in Sept. 1905 as successor to the Helena Light & Traction Co. V. 81, p. 1043. Controls the
Helena Gas Light & Coke Co.: comprises the city's entire street railways
and gas and electric-light plants. Franchises expire April 4 1928.
Decision.-The Montana Sup. Court in Feb. 1913 held that city could
not enforce an ordinance which required the company to light its tracks
within the city limits without expense to the city
-see V. 96, p. 1422.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $900,000
$561,000 May'13,14
Preferred $600,000 5% cum-374,000 Aug'14.
-P
First mortgage 51.500.0001 1905 51tF
5 g M-S
1.001.000 Sept 1 1925
gold ($1,000)
c*jInt. at Knickerbocker Tr. Co.,N.Y..Trust.
Bonds.
-The 1st M. bonds are subj. to call at 105 and int.; $404.000 are
reserved for extens. and impts., at 85% of cost. A sink. fd. of 1%% per
ann,of bonds out commenced June 1 1908, which will be increased to
24%
per annum June 1 1918; said fund to be
in retirement of bonds at not
higher than 105 and int. See V. 81, P.used
1550. $95,000 have been retired
by sink. fd. to date.
Dividends.
-Five per cent per annum
paid on pref. stock. First dividend on in quarterly installments is being
common, 1%, paid Oct. 31 1906.
In 1907, 3%. In 1909. 3%. In 1910. 4%.
In 1911 and 1912. 5%. In
1913. Feb.. 131%; May, 14
EARNINGS.
-For 12 mos. end. Dec. 31 1913: gross, $327,164; net,
after taxes, 595,256; int. and sinking
fund, $88,142: surplus, S27,114. In
1912, gross, $333,773; net, after
taxes. $124.713. fixed charges. $48.085;
sinking fund, $15.613; stir., $61,015.
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. Merchant; Asst.
Secs. &
T. W.Moffat (all of New York) and A. B.Sibley. Helena. Asst. Trees's,
Operated
der the general management of J. G. White Mgt. Corp.. New York unCity.
-V.88. 13• 1061; V. 91, P. 1095; V. 96. p. 1422.

HOLYOKE, MASS.
HOLYOKE STREET RAILWAY.
-Trolley..
ORGANIZATION.
-Leases the Mt.Tom (incline) RR.until
1 1922
at 6% per annum on the $100,000 stock. In 1907 purchased JuneHampthe
shire Street Ry.(previously leased). V.85, p.40. In Aug. 1907 purchased
the Amherst & Sunderland Street By. (V. 85. p. 294).
connection from Holyoke to Amherst and Sunderland. giving a through
In June 1913 the Mass. RR. Comm. authorized the company to issue
$476,500 of additional stock at $115 per share for new equipment and construction and to provide for floating debt. V. 903. p. 652, 716, 1840.
STOCKDate.
Interest. Out
. Maturity, &c.
Stock ($100)
8 J-J
$1,342,000 July'14. 47
Deb bds ($500, $1,000)c*-ntf 1895 5 A-0
250,000 April 1 1915
Deb bds ($500, $1,000)c*_ntf 1899
5 A-0
85,000 Oct. 1 1920
Debenture bonds
ntf 1903 5 A-0
265,000 April 1 1923
Leased line rental Mt Tom RR
stock 6%
6
100.000
Interest on all bonds payable at Holyoke National Bank.
Dividends.
-In 1892 to July 1914. inclusive, 8% yearly.
ROAD.
-Has 69.7 miles of track, including Mt. Tom (incline) RR
4.900 feet long, and connecting with the Woronoco Street By. to Westfield,
Mass.; with Springfield St. Ry. to Springfield, Mass., and with Northampton St. Ry.to Northampton, Mass.,and direct to Chicopee,Chicopee Falls,
South Hadley, Amherst and Sunderland. Passenger cars, 120; other service cars, 27; snow-plows. 10: other vehicles, 7; electric motors, 289.
EARNINGS.
-For year end. June 30:
1914.
1913.
1914.
1913.
Gross earnings_ _ _8633,637 $617,714 Balance for
$87,497 $88,061
Net
177,642 183,614 Dividends caid__(8)96,624(8)85,888
divs_Int., taxes, &c..-- 90.145
95.552 Bal., surplus _ 9.127
2,173




59

OFFICERS.-Pres., Louis D. Pellisier; Sec. & Treas., S. D. Nevin, all
of Holyoke.
-V.86, p. 52; V. 96, p. 652, 716; V. 96, p. 1840; V. 99,P. 81 6.

HOUGHTON, MICH.
HOUGHTON COUNTY TRACTION CO.
-Trolley road.
ORGANIZATION.
-Organized in 1908 and took over
Street Ry., which latter company was incorporated in Houghton County
1899. Franchises
In public streets expire in 1929, 1930. 1932. 1933
Largely on
private right of way. $100,000 corn. stk. owned byand 1938. Invest. Co.
Pub. Serv.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $750,000 ($100)__
____
A-0
$750,000
See text
Pref6% cum $500,000($100F ____
A-0
207,200 Oct '14, 3%
1st consol mtge $1,600,00 1 1908 5 g J-J
754,000 Jan 1 193'7
($500 and $1,000) gold_ _ H Int. at Old Colony Trust Co., Boston, Trust.
n,
Hough Co St Ry mtge $750,- 1900 5 g J-J
349,000 July 1 1920
000 gold ($1,000)
et( Int. at Boston Safe Dep. ac Tr. Co., Trustee.
Stock and Bonds.-Pref. stock is redeemable at
mtge. bonds reserved for prior liens; $38,000 are 110. $349,000 consol.
ture additions at 80% of cost; they are subject toin treas.: $459,000 for fucall as a whole or in part
for sinking fund at 105 and int. Sinking fund
14%
$30,000 have been canceled. The Houghton Countyof outstanding bonds
.
be called as a whole or in part at 105 and int. V. Street Ry. bonds can
87. p. 614. $400.000
have been canceled.
Dividends.
-On pref., 3% s.-a. from Oct. 1908 to Oct. 1914, incl. On
common, 2% Oct. 1909.
since, to and.including AprilIn 1910, April, 24% and same amount s.-a.
1914. Oct. 1914(UN.passed (V.99, 816).
,
REPORT.
-For 12 mos. ending June 30 1914. gross, $288,369; net, after
taxes, $108,721; interest, $55,631; sink. fund,
$11,510; surplus, $41,580.
ROAD.
-Owns 32.2 miles of
Hancock and from Hancock to track, including lines from Houghton to
Laurium, Red Jacket, Lake Linden and
Hubbell, and the mining locations of Quincy,
Ahmeek and Mohawk; 41 cars. Standard Osceola, Wolverine, Allouez.
gauge.
OFFICERS.-Pres., Frederick P.
-Ps., Guy L.
mouth, Boston, and James R. Dee,Royce, Boston; V. Secretary, WeyHoughton, Mich.;
Alvah
K. Todd, Boston; Treas., Henry B.
Sawyer. Boston: Mgr.. Gardner
Rogers, Houghton. Mich.; Gen. Mgrs. Stone &
Webster Mgt.
Boston.
-V. 87, 13. 614: V. 88, p. 1496; V. 89. p. 666; V. 94, p.Assn.,
1763:
V. 99, p. 815.

HUDSON, N. Y.

ALBANY SOUTHERN RR.
-Third rail, except in cities.
ORGANIZATION.
-Incorporated in New York Sept. 14
reorganization of the Albany & Hudson RR. Co. sold under 1909 and is a
foreclosure on
Sept. 8 1909 (per plan V. 89. p. 223).
1909 merged Albany
Greenbush Bridge Co. V. 89, p. 720. On Sept. 18are perpetual. Does&
a
passenger, freight and express business. Franchises
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $1.375,000 ($100)_
$1.375,000
Pref $2,100,000 5% n-c (8100) ____
F
2,029,000 Aug'11,4%
First mortgage $1,500.0001 1909 5 g -A
1.400.000 Sept 1 1939
M-S
gold ($1,000)
c* tHBankers Trust Co.. New York. Trustee.
Bonds.
-$1.250.000 of bonds were sold to bankers, proceeds used in
acquiring Albany & Greenbush Bridge Co. and
double-tracking road, and to pay for apparatus for straightening and
theretofore installed.
Remaining bonds can be issued for additions and betterments
restrictions. Recording tax paid on these bonds, making themunder certain
tar-exemnt in
New York. Sinking fund of 14% of bonds authorized
from
1922 to 1929, 2%; 1929 to 1939, 3%. Bonds are subject1917 to 1922;
to call as a
whole at 106 and interest on any interest day. V. 89,
p. 1140.
DIVIDENDS.
-Initial semi-ann. div. on pref., 14%,paid Feb. 1 1911.
Aug., %;none since to Sept 1914.
EARNINGS.
-For 12 months ending June 30 1914, gross, $503,833; net.
$196,476: int.. taxes,
$142,505; surplus, $26,971.
ROAD.
-Operated by third-rail system from Hudson via Rensselaer to
Albany. Comprises 37 miles of main line and 9 miles of sidings, with 2
additional miles of overhead trolley road in Hudson. Total. 61 miles of
track. In Feb.1900 made contract giving it privilege to enter Albany over
the tracks of the United Traction of Albany. Double-tracking of road between Rensselaer and Kinderhook Lake completed in 1910. Operates 30
passenger cars. 14 freight and express cars, 2snow-plows and 3 electric locomotives. Rails 70 and 80-1b. steel; standard gauge. Supplies light and
power along route. Also owns the highway toll bridge over Hudson River
at Albany. An extension from Albany to Pittsfield is proposed.
OFFICERS.-Pres., William Loeb Jr.; Sec. & Treas., I. W. Day; Gen.
Mgr., James E. Hewes.
-V. 89. p. 720, 1140. 1222, 1346; V. 92, p. 183.
185; V. 94. p. 122. V. 97, p. 1500.

INDIANAPOLIS, IND.
TERRE HAUTE INDIANAPOLIS & EASTERN TRACTION.
ORGANIZATION.
-Incorporated in Indiana on March 23 1907 and
.
acquired by purchase (1) Indianapolis St Eastern By.. (2) Indianapolis
Coal Traction: (3) Indianapolis & Western Traction, and (4) Richmond
Street St Interurban By.
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 respective companies).
In April 1910 purchased 46,717 of the 50.000 shares of 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 life of these bonds [1st & ref. mtge.]. The
franchises in the city of Indianapolis expire in 1933."
STOCK AND BONDS- Date,
Interest. Outstanding. Maturity.
Common $12,500,000 ($100)$9,100,000
Preferred $12,500,000 ($100)- _ 9,100,000 See text
1st& ref mortgage $8,000,0001 1910 5 A-0
6.500,000 April 1 1945
gold ($1.000) at
&tint. at Fidelity Trust Co.. Phila.. Trustee.
Indianapolis & Eastern lstl 1902 5 g
See text July 1 1927
Cons M $1,000.000 gold Int. at Mercantile Trust Co., N. Y., or at
($1,000)sinking fund
c*
Central Trust Co., Indianapolis, Trustee.
In & Green 1st M,$300,000} 1899 5 g J4
153,000 Jan 1 1929
($1,0) gold
00
Int. at Cit. Savings& Trust Co., Tr., Cleve.,
or at First National Bank,New York City.
Stock.-Pref. stock is 5% cum. after July 1 1910. Should corn, at any
time pay 6%, pref. will pay the same. V. 90. p. 1555.
Bonds.
-Remaining 1st St ref. bonds are reserved for additions and improvements. under careful restrictions. Callable as a whole on and after
April 1 1915 at 105 and int.. or in part, for sinking fund only at 102%
and int. on any int. date. S244,000 held in sinking fund Sept 11914.
S. f. $55.000 p. a. first 5 years and $106,675 p. a. thereafter:
acquired for s. f. to be alive and int. added to s. f. V. 90, p. 1491.bonds
Of the X1,000,000 Ind. dr East. consols auth.. $300.000 are reserved to
retire the Ind.& Greenfieldlst 5s. 841,000 have been canceled by sink.fund.
Of the remaining $659,000 out. $566,000 are owned by Terre Haute Ind. St
East. Trac. A sinking fund,1% of bonds out, began july 1 1908. Fund
is
to be invested in the company's bonds if they can be bought at not
more
than 105 and int. Bonds cannot be called. See V. 75. p. 342.
Ind. & Greenfield bonds, 512,500 is payable yearly to a sinking On the
fund beginning Oct. 1 1901. with which bonds beginning with No. 1
are being purchased at 105 and accrued int.; $147,000 have been so
purchased.
Dividends.-Initial div., 14%. On pref. paid Oct.
1910: same amount
quar. since to and incl. Jan. 1914. None paid since.
See V. 98. p. 914.

60

ELECTRIC RAILWAYS

[VoL. xcix.

ROAD.
-Operates 116.69 miles of track. with 350 cars. 90
-lb. rail.
REPORT.-For entire system for calendar years:
1911.
1912.
1913.
Jameson; V.
-P., H.
OFFICERS.-Pres.,
-P., H. P.
$6,533,014 $6,432,060 $5,951,292 Hibbon; Sec. dc Treas. HenryA. McGowan; Asst. S. New; V.
Jos.
Sec. & Treas., W. F.
3.497,162
3,814,428
3,964,864
Milholland, Indianapoils.-V. 79, p. 151; V. 88, p. 1499.
$2,568,150 $2,617.632 $2.454,130
Net earnings
(2) Terre Haute Traction & Light Co.
Rentals and other deduc'ns,sub. cos_ $1,594,732 $1,532,673 $1,456,604
136,417
-In March 1907 was leased to the Terre Haute Indianapolis &
Leased.
145,730
150,813
Sinking funds, subsidiary companies_
27.500 Eastern Trac. Co. for 999 years. The latter company guarantees 6% on
27.500
27.500
Id. on divis. bds. of this co_
& sk.
the outstanding pref. stock and 2% on common for 1.3i years, 3% for
8833,609 1 year. 4% for 1 year, and 5% thereafter, and $1,000 per year for organi•
$795,105
$911.729
Balance
'750.
$299,136 zation expenses. V. 84,
$325,000
$325,000
Interest on T. H. I. & E. T. bonds
p'
The Terre Haute Ind. & East. Trac. owns all the common stock except
55.917
55,000
55,000
Sink. Id. on T.H.I.& E. T. bonds_
directors' shares.
$478.556
$415,105
$531,729
Balance
-Is a consolidation in 1904 of the Terre Haute ElecORGANIZATION.
-In addition to sinking funds as shown above, there was paid as tric Co. and the Terre Haute Electric Traction Co. Principal railway
Note.
interest on bonds already held by trustees in sinking fund which was ap- franchises expire 1952; principal lighting franchise perpetual; other franplied to the purchase of additional bonds $60,540 in 1913, $94,255 in chises average 30 years from Jan. 1 1906. Leases Terre Haute & Western
1912 and $39,185 in 1911, making total received for sinking fund account Railway Co.
by trustees $278,853 in 1913. $262,485 in 1912 and $244,018 in 1911.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
ROAD.-Operates a modern high speed electric railway over lines Common $2,000,000 ($100)__
M-S
$2,000,000 See text
which comprise a continuous route from and including the city of Paris in Pref.$1,000,000($1006% cu.
1,000,000Sept '14,3%
Greencastle First cons
Illinois through the city of Terre Haute and towns of Brazil,
3,243,000 May 1 1944
5 g M-N
7
mtge $5,000,000 1.01
Amo,Clayton and Plainfield,to the city ofIndianapolis,and thence,through
llnterest at State Street Trust Co., Boston.
gold
of Greenfield, Knightstown, New Castle and Cambridge City, to Terre Haute Electric 1st mtgi 1899 5 g J-J
the towns
1,500,000 July 1 1929
the city of Richmond in Indiana; also a line running south from Indianapolis
$1.500,000 gold ($1,000) c* Int. at Boston Safe Dep.& Tr. Co. Boston.
to Martinsville, Ind.; a line running west from Indianapolis to Danville,
-The Union Trust Co.ofIndianapolis and the Boston Safe Deposit
Bonds.
northwest from Indianapolis to Lafayette, with a
Ind.; a line running
Haute Electric mtge. Of the
branch to Crawfordsville; a line running northwest from Indianapolis direct & Trust Co. are Joint trustees of the Terre to retire
reserved
liens. The new
to Crawfordsville and from Terre Haute a line north to Clinton, Ind., and a $5,000,000 consols, $1,500,000 are and int. on any priordate. A sinking
int.
Indianapolis, bonds are callable as a whole at 110
line south to Sullivan, hid. Also operates the city lines in
3257,000 was
Terre Haute and Richmond. Total miles in single track: city lines, Indi- .fund of 1% of outstanding bonds commenced May 11906. of
anapolis, 141;08 Terre Haute. 26.39; and Richmond, 9.71; total. 177.18; held by thisfund Sept 11914. The United States Trust Co. Terre Haute
interurban lines, total. 369.64. Grand total, entire system, 546.82 miles. and the State Street Trust Co. of Boston are trustees of this mortgage.
-Ps., E. B. Peck and John J. See V. 78, p. 2013.
OFFICERS.-Pres.. Robt, 1. Todd: V.
-For calendar years:
EARNINGS.
Appel; Sec. & Treas., Jos. A. McGowan.
Net. Oth.Dic. Deduc'ns. Sink.Fd. Balance.
YearGross.
Directors.-Robt. I. Todd, Randal Morgan. W. Kelsey Schoepf, Harry 1913
81,408,764 $716,310 $1,000 $265,567 $31,813 $419,930
J. Appel, Jos. A. McGowan and E. B. Peck. V. 90, p. 1103. 1912
S. New. J.
261,030
31,530
1,000
394,342
1,311,772 685,902
1240. 1364, 1491. 1555; V. 91, p. 718: V. 92. D. 396, 1375; V. 94, p. 209, 1911
255.664
30,617
1,000
354,546
1,224,582 639,827
1567: V.95, p.892; V. 96, p.717; V.98. p. 525.914.
ROAD.
-Embraces 86.02 miles of track in Terre Haute, including lines
from Terre Haute to West Terre Haute. Clinton, Brazil, Sullivan and SanTerminal Co.
(1) Indianapolis Traction &
ford, Ind. Rails .60 to 80 lbs. 95 cars.
In April 1910 control was acquired by the Terre Haute Indianapolis &
-P.,Robt.I. Todd;Sec.& Treas.
OFFICERS.-Pres.,Demas Deming; V.
Eastern Traction. V.90. p. 1101,1239.
-V. 84, p.
A. McGowan; Asst. Sec. & Asst. Treas., E. J. Davis.
ORGAN1ZATION.-Incorporated in Indiana on Aug. 4 1902 with Joseph 90, p. 1555; V. 98, P. 525.
V.
$500.000 capital, which was increased in Jan. 1903 to $5,000,000 to lease 750;
Street Ry. and to provide terminal facilities for all in-An electric road.
the Indianapolis
(a) Terre Haute & Western Railway Co.
terurban electric roads now entering or yet to enter Indianapolis. FranLeased to Terre Haute Traction & Light Co.for 999 years from Nov.1907.
chise is for 31 years. under the terms of which the company is to pay the
for the next 10 years and 9
ORGANIZAT1ON.-Incorporated in 1907 in Illinois. Road extends
city 4 cents per car for the first 11 years. Scents
cents for the remaining 10 years. On Dec. 29 1902 leased for 31 years the from the Indiana State line nearlSanford, Ind., to Paris, 111., 10.63 miles.
Began operation Oct. 25 1907. Is entirely on private right-of-way. Entire
Indianapolis Street Ry. V. 75. n. 1301.
Interurban railways enter the city under agreements by which they pay com. and pref. stock owned by Terre Haute Ind. & Eastern Trac. Co.
cents per passenger for all passengers carried in the city limits and an
Interest. Outstanding. Maturity.
3
STOCK AND BONDS- Date.
additional 1 cent for those using the terminal station. V. 81, p. 294.
0 00
10 0
$25 :00
Stock common $200,000----Interest. Outstanding. Last Div. Preferred $150,000
BONDS- Date.
STOCK AND
250.000 Nov 1 1937
J-J
$5.000.000Dec 13 134% First mortgage $250,000 gold' 1907 5 g M-N
Stock $5.000,000
c*fInt. at New England Tr. Co., Boston. Tens.
guar p & i ($1,000)
5 g A-0
5,000.000 Jan 1 1933
1st mortgage 65.000,000 gold) 1903
c*fInt. at Guaranty Tr.&S.D.Co.,Phila., Tr.
($1.000)sink fund
-Are guar. p. & I. by endorsement by Terre Haute Tr.& Lt. Co.
Bonds.
provides for the payment annually of 1 1-5% of
-A sinking fund
Bonds.
-For calendar year 1913, gross. $55,086; net. after taxes,
EARNINGS.
bonds outstanding,including those in the sinking fund. See V.76,P• 1085.
surplus, 813,899. In
Bonds may be drawn for sinking fund at 10214 and int. and are subj. to call $25.899; other income, $500; deductions, $12,500; income,$500; deduc1912, gross. $58,936; net, after taxes, $26,495; other
at that price. See V.81, p.264. $696,000 held in sinking fund Sept 1 1914.
tions, 212,500; surplus, 214,495.
-First dividend on stock, 1%. was paid Dec. 31 1908; in
Dividends.
-P., F. T. O'Hair; Sec., E. J.
OFFICERS.-Pres., T. F. Grover; V.
1909, 2%; in 1910. 2%: in 1911. 5%; in 1912. July, 2%; Dec., 2%. In
-(V. 90. P. 1555)•
Davis; Treas., John E. Lamb.
1913. June, 2%;Dec.. 131%.
-story
-An electric road.
-Has completed 24.39 miles of single track and owns 9
ROAD.&c.
(3) Indianapolis & Northwestern Traction Co.
office and terminal building, train-sheds and 3 freight depots centrally
-In April 1907 was leased to the Terre Haute Indianapolis &
Lease.
located in Indianapolis; also real estate on which same are constructed. Eastern Traction for 999 years. The latter company will pay the interest
This terminal is used by all interurban roads (13 in number) entering Indi- on the bonds; also 1 % quer. or 5% per annum on the $450,000 pref.
anapolis. Owns electrical and steam equipment of 7,000 k. w. capacity. stock and $500 per year for organization. V. 84. p. 869.
Has 110 double-truck closed and 35 double-truck open city cars. Also
Entire issue of common stock, except directors shares, is owned by the
leases the Indianapolis Street Ry.
Terre Haute Indianapolis & Eastern Traction.
EARNINGS.
-For calendar years:
-Organized in 1902 in Indiana. Operates a modern
ORGANIZATION.
Charges. Surplus. Dividend. Balance.
Year- Gross.
Net.
standard-gauge, located upon private right
1913 ___$3,321,088 $1,442,144 $1,371,200 270,944 $162,500 def.$91.556 high-speed interurban railroad,
of way outside of the city corporate limits. Extends northwesterly from
1912 ___ 3,343,640 1,465.477 1,326,181 139.296 200,000 def. 60.704 the city of Indianapolis through the cities of Lebanon and Frankfort to the
1,548.102 1.292.848 255,254 250,000 stir, 5,254 city of Lafayette, with a branch from Lebanon to Crawfordsville, each of
1911___ 3,242,784
county. Has trackage
iohn J. which cities is the county seat of its respective Lafayette.
-P., E. B. Peck;
OFFICERS.-Pres., Robt. I. Todd; V.
Indianapolis and
centres
Appel: Sec. Sc Treas., W. F. Milholland. V. RI. p. 264: V. 82. p. 627: rights to the businessfor 31 toof years from 1907 and permit the carrying
50
The franchises run
V.
1239; V. 94, p. 207:. 97.
V. 83. D. 1411: V. 87. p. 1664: V.90. p. 1101.
of freight, express and mail, as well as passengers
p. 1426; V. 98, p. 523.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
5 0000
450 00
$2. 5: 0
(a) Indianapolis Street Ry.-A trolley system.
Common 62,550,000
See text
Q-J
in Indiana March 7 1899. After Pref ($1,000,000) 5% cum_ ____
---Incorporated
ORGANIZATION.
2,470.000 Mar 1 1923
5 g M-S
acquiring the Citizens' Street RR. of Indianapolis and the City Railroad. First mtge $3,000,000 gold! 1903 Knickerbocker Tr. Co., N. Y.. Tens.
c*IInt. at
($1,000)
made a contract with the City of Indianapolis agreeing to surrender the
-The remaining $530,000 for improvements,&c.,at 50% and 75%
rights and franchises of both companies and accent a new franchise running
Bonds.
only thirty-four years. The contract also provides that cash fares are not of cost. No s. f., but bonds can be called on any int. date at 110 and hit.
exceed five cents, with free transfers, and tickets are to be sold at the rate
to
-For year ending Dec. 31 1913. gross, $445.972: net, after
EARNINGS.
of six for twenty-five cents and twenty-five for one dollar.
$163,198; other income, $500; bond interest, $123,500; surplus,
The company also binds itself to pay over to the city(which is to expend taxes,
gross. 3441,461: net, after taxes. $149,903; other
$40.198. In
public works) the sum of $30.000 yearly from 1899 to 1925. and income, $500;1912, interest, $123,500; surplus, $26,903.
item the
bond
$50,000 yearly from 1926 to 1932. inclusive, the contract expiring in 1933
-Embraces 86.07 miles of track between Indianapolis, ZionsROAD.
see V. 68, D. 723. The city gets the right to purchase the property "at
any time within two years and not later than one year before the expiration ville, Lebanon, Frankfort and Lafayette, including a branch from Lebanon
o
of this contract," nothing to be paid for the value of the franchise. Law t Crawfordsville. standard gauge; 70-1b. T rail. Operates 20 vestibule
and 4 freight cars. Power house and car barn are at Lebanon. V. 88,
sustained May 1902. V. 74. p. 936.
As to the three-cent fare case, which the U. S. Court of Appeals decided D. 295; V. 92. p. 59.
-Ps., Chas. Murdock and Harry
in favor of the Citizens Co.in Dec. 1897. see Supplement of Nov. 1898, and
OFFICERS.-Pres., Robt. I. Todd; V.
V. 64, p. 842, 1180: V. 65. p. 51. 181. 1172.
S. New; Sec. & Treas., Jos. A. McGowan.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co.,and Owns
-An electric road.
(4) Indianapolis & Martinsville Rapid Transit Co.
75% of its stock.
-in April 1907 was leased to the Terre Haute Indianapolis &
Leased.
-On Dec. 29 1902 was leased to the Indianapolis Traction & TerLease.
of
for 31 years. See V.75, p. 1301. Lease provides for dividendfor East. Trac.for 999 years. The latter co. will pay the int. on the bonds; also
minal Co.
4%
11500 per year for organization. V. 84, p. 749. The Terre Haute hid. &
1% Jan. 1 1903:then 3% in semi-annual instaliemtns for first year,
Eastern owns entire issue of stock except directors' shares.
second year, 5% for third year and 6% after July 1906.
-Incorporated in Indiana on April 24 1901. OperORGANIZATION.
Interest. Outstanding. Maturity,&c.
STOCK AND BONDS- Date.
$5.000,000 July'14. 3% ates on private right of way except in incorporated towns.
J-J
Capital stock ($100)
6,000,000 Jan 1 1933
Indianapolis Street Ry Beni 1899 4 g J-J
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
mortgage $6,000,000 gold Interest at Guar. Trust & Safe Deposit Co., Stock $750,000 (E100)
S3775500:000000
-----Philadelphia, Trustee
c*
($1,000) guar
1902 5gJan 1 1932
4,000.000 May 1 1933 First mtge.$750,000 (*1,000)1 Union Trust Co. and ecurity Tr. Co. of In5 g M-N
Citizens Street Rv 1st Mt 1893
c*&r
gold
Bonds.$4,000,000g ($1,000)_c* tf Central Trust Co., New York. Trustee.
dianapolis, Tens. Int. at Sec. Tr. Co., Ind.
100.000See text.
Eaten. certificates Series A" 1909 5 M-N
No sinking fund, but bonds are subject to call after 10 years at
Fidelity Trust Co., Philadelphia, Trustee. 105 and interest. See V. 78, p. 1223.
$200,000 ($1,000)
65,000 See text
5 J-J
Eaten. certificates Series"B" 1911
-For calendar year 1913. gross. $162.463; net, after taxes,
EARNINGS.
Fidelity Trust Co., Philadelphia, Trustee.
$100.000
*52,114; other income,$500; bond interest, $37,500; surplus,$15,114. In
85,000 See text
certificates Series"C" 1913 5 M-S
$173,134: net, after taxes, $62,341; other income,$500; bond
1912, gross.
Fidelity Trust Co., Philadelphia, Trustee.
nterest, $37,500; balance, $25,341.
95,000 See text
Equip:certificates Series"I)" 1913 6 J-D
ROAD.
-Embraces 27.14 miles of track from Indianapolis to Martins$100,000
-lb. rails; standard gauge.
vine, completed in May 1903. 70
Interest on Citizens: consols at Fourth Street Nat. Bank,Philadelphia.
can-Ps., Harry S. New,Chas. MurOFFICERS.-Pres., Robt. I. Todd; V.
The mortgage of 1899 was for $7,000,000, but 61,000.000 has beenbinds
The company
J. Appel; Sec., E. B. Beck; Treas., Jos. A. McGowan.
dock and John
celed. No bonds reserved for the Citizens' consols.
Itself to pay to the Indiana Trust Co. a sum annually sufficient to redeem V. 84, p. 749.
at maturity the greater part of the entire issue of Indianapolis Street Ry.
(3) Indianapolis Crawfordsville & Danville Electric Ry.
bonds:this provision is guaranteed by the Indianapolis Traction & Terminal
-On May 1 1912 was leased to the Terre Haute Indianapolis &
Lease.
Co. See V.76. p. 542: $580.000 held in sinking fund Sept 11914. Equip.
year until Eastern Trac. for 999 years. Under the lease the latter company guarancertificates Series"A" mature $10,000 on May 1 and Nov. 1 each
semipaid in full. $100,000 have been retired. They cover purchase of 54 new tees p. dc i. of 1st M. bonds, 5% diva. on $200,000 pref. stock and 1%
31 1914,
cars. V. 88, D. 1499. Series "B" mature $5,000 on Jan. 1 and July 1 in annual divs. on coin., viz.: 3i% from Nov. 30 1912 to May thereafter.
and 2%
each year until paid in full. $35.000 have been retired. They cover pur- Nov. 1914 to May 1916, 15i% Nov. 1916 to May 1918
to
chase of 25 new cars. Series "0" mature $5,000 on March 1 and Sept. 1
ORGANIZATION.-Incorp.In Indiana on April 20 1912 as successor
each year until paid in full. They cover 25 new cars. $15,000 have been re
West. Tree., sold at foreclosure. Built
tired. Series"D" mature $5,000 on June 1 and Dec. 1 each year until the Indianapolis Crawforsdville & In cities and towns has 50
-year franchises
entirely on private right-of-way.
paid. Covers 25 new cars.
$5,000 have been retired.
matter.
which permit the carrying of freight, express and mail
Stock and bonds listed onphila. Stock Exchange. V 69. p. 851.
Gross earnings
Operating expenses and taxes




SEPT. 1914.]

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $400,000 ($100)__ _
$400,000 See text
M-N
Pref $400,000 5% cum (31001_
200,000 See text
J-D
First mtge 32,500,000 gol I 1912 5 g M-N
1.000,000 May 1 1952
($1.000) guar p & I_ _ _ _Orrf Interest at Girard Trust Co.,Phila.. Trustee,
Bonds.
-Of remaining first mtge. bonds, $1,000,000 are for extensions
and $500,000 to be issued only under certain conditions. Subj. to call as
a whole but not in part at 102A and int. on any int. day. Sinking fund of
$__,9 000 per annum on initial 31,000,000 bonds out commencing March 1 1913
When arld'l bonds are issued fund shall be increased by such amount as will
retire 2-3 of such addl bonds issued. $19,000 held alive in sinking fund.
EARNINGS.
-For calendar year 1913. gross, $214,708; net, after taxes,
$50,097; other income,$500; bond interest. $50.000; sinking fund,$9,000;
deficit, $8,403.
ROAD.
-Operates 42.20 miles of road between Indianapolis and Crawfordsvllle. Standard gauge. 70 and 85-1b. T rails. An extension from
Crawfordsville to western boundary of Indiana east of City of Danville,
lnd., is proposed.
-P., Robert I. Todd;Sec.& Treas.,
OFFICERS.-Pres.,John J. Appel; V.
Jos. A. McGowan; Gen. Mgr., Robt. I. Todd. V. 94. p. 1449, 1565. 1695.

61

ROAD.
-Operates 7% miles of line in Ashland and also about 736 miles
in Ironwood, Hurley and Gile; a local road in Bessemer and an interurban
line of about 7 miles between Ironwood and Bessemer, which was completed
in July 1913.
OFFICERS.-Pres., M. M.Reid, Ashland; Sec., Geo. F. Merrill, Ashland; Treas., W.Louis Williams, Boston.
-V.93, P. 1260; V.96. p. 63.

ISHPEMING, MICH.
mARQuETTE COUNTY GAS & ELECTRIC CO.
-A

trolley road.
ORGANIZATION.
-Incorporated in Maine on Nov. 19 1906 as reorganization of the Marquette County Gas Light & Traction Co., sold under
foreclosure. V• 83. p. 1037. Does gas and electric-light business in
Negaunee and Ishpeming.
Franchises expire: Street railway, 1936; gas and electric in Ishpeming,
perpetual; in Negaunee, gas, 1933; electric light, 1921.
$200.000 of debs. formerly outstanding were all canceled and a new issue
of pref. stock was made.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $750.000 ($100)--Quer.
$750,000 In 1913,3%
Pref6% cum $250,000 ($100)_ -___
Monthly
125,000 In 1913.6 0
First mtge $1,000,000 goloil 1910 6 J-J
358,000 Jan 1 19 0
(51.000)
c*.tffInt. at First Tr. & Say Bk., Chic., Trustee.
Bonds -First mtge. bonds are reserved under certain
improve'ts and °stens. at85% of cost thereof. Sinkingfund restrictions for
of 1%
out from 1913 to 1915, incl., from 1916 to 1929. incl., 2% yearly. of bonds
Red. at
105 and int. on any int. day. V.91. p. 1767.
EARNINGS.
-For calendar year 1913, gross, $154.101: net. $53,172;
charges,$20,536; surplus,$32,636. In 1912, gross,$128,303;
net. $44.757;
charges, $31,241; surplus, 51,3,516.
ROAD.
-Operates 4
miles of track in and between Negaunee and
Ishpeming.

-A trolley road.
BROAD RIPPLE TRACTION.
-Organized as successor to the Indianapolis & Broad
ORGANIZATION.
Ripple Transit Co.. sold at foreclosure July 1899. The Indianapolis
Street Ry. owns about 75% of stock, but organization separate. Road is
jointly operated by the Union Traction Co.of Indiana and the Indianapolis
Traction & Terminal Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$100,000
Stock $100,000 (par $100)- -5 g J-J
400.000 July 1 1933
Mtg $400,000 g ($1,000) c•tf_(1899
-lint. at Guar. Tr.& S.D.Co.(P hila.), Trust.
-Are guar. p. & I. by Ind. St. Ry. No s. f. and bonds cannot
Bonds.
be called. The Ind. Nor. Trac. Co. (subsequently consolidated with the
Union Tr. Co. of Ind.) guarantees p. & I. of half ($200,000) of the bonds
and half of the int. on the remaining $200,000 bonds,
OFF10ERS.-Pres., L. E.
-P., M. J. Insull; Gen, Mgr.,
ROAD.
-7% miles of track from Indianapolis to Broad Ripple Park.
A. C. Harrington, Ishpeming;Myers; V.
Sec. & Treas., W. H. P. Weston. 1117
OFFICERS.-Pres., Robert I. Todd; Sec., Jos. A. McGowan; Treas., Monadnock Bldg., Chicago.
-V,91, P. 1767: V. 94, p. 279, 351.
E.B.Peck. V.69,P. 180; V.73. P• 137. 183: V.78,P. 1167.
INDIANAPOLIS & CINCINNATI TRACTION CO.
ORGANIZATION.
-Incorporated in Indiana on Nov. 17 1910 as successor to the old Indianapolis & Cincinnati Trac. Co., sold at foreclosure
Nov. 10 1910. V. 91. p. 1385, 1025.
In 1911 acquired the Indianapolis & Southeastern Trac. Co.(all of whose
corn. and $30,000 1st M. bonds the old Indianapolis & Cincinnati Trac. Co.
had owned and to which company the Ind. & Southeastern was leased) and
canceled its corn. stock. V.92, p. 881,956. Private right of way except in
cities and towns. County franchises perpetual. Franchises in cities and
towns are for 50 Years (the oldest being dated 19041, except in Indianapolis,
which is for 34 years from 1900. Has contract with Indianapolis Traction
& Terminal Co. for 31 years allowing its cars to enter Indianapolis.
In Nov. 1912 the I. & C. Light & Power Co. was incorporated with
nominal ($900) capital stock in the interest of the Traction Co. to furnish
light and power to the communities along the company's route.
In Feb. 1913 the 1. & C. Electric RR. was incorp. with $10,000 capital
stock,to extend the Traction Co.'s lines from Rushville to Cincinnati by way
of Brookville, Ind., and Harrison, 0. It may later be merged with the
Cincinnati Harrison & Indianapolis Traction Co.
In April 1913 acquired control of the Cincinnati & Westwood RR., a
narrow-gauge road extending from Westwood, on the boundary line of
Cincinnati, to Brighton, within the city, 5 1-3 miles, this being done in the
belief that the plan of Mayor Hunt of Cincinnati,to permit the interurban
to reach the heart of that city, will go through. V. 96, p. 1297.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $2,000,000
$2,000,000
J-J
Pref $1,000,000 (see text)____
1,000,000 In 1912. la
First mt e $4,850.000 ($1,- 1910
53-3
c• Interest at Central Trust Co., N. Y., Trim.
000) gold (see text)
I & SE pf stk $600.000 ($100
A-0
600,000 In 1911,5%
Ind & 8 E 1st M $1.000,000 1905
548.000 July 1 1935
5g
gold ($1,000)
Int. at Farmers' Loan & Tr. Co. N.Y.,Trus.
Ind Shelbyv & Southeast lstI 1902
452,000 an 1 1932
5g
M $500,000 g ($1,000)sf jInt. at Amer.Tr.& Say. Bk.,Chicago,Trim.
Stock.
-Ind. & Ctn. Trac. pref. Is entitled to non-cum. divs. of 2% until
July 1 1911, then increasing 1% yearly to July 11913; thereafter 5% Per
annum. Ind. & S. E. pref. is redeemable at 105 and accrued div. on any
dividend date. See V. 81, p. 1375.
Bonds.
-Ind.& Cin. Trac. 1st M.Ls divided into three classes, A,B and C.
Class A. $1,300,000, all out; Class B,$200,000, none issued; and Class C,
$3,350,000 (of which $100,000 outst'g), reserved for extens. improvem'ts.
&c. Entire series of bonds of each class is subject to call on or after July 1.
'
1913 at 105 and int. As to priority of different series, see V. 92, p. 956.
Of the 51,000,000 Ind. & S. E. bonds, $452,000 is reserved for prior liens
They are subject to call on any int. date at 105 and int. Ofthe Ind. Shelby.
& S. E. bonds, the entire issue may be called on any hit, date at 110. A
sinking fund on these bonds of $10,000 per annum began Jan. 1 1908, for
which bonds can be called at 105, beginning with lowest number. $48,000
have been retired.
Dividends.
-On pref. paid in 1911,
%; in 1912. 1%•
EARNINGS.
-For calendar
other income, $1,344; Interest,year 1913. gross, $443,913; net. $163.367;
taxes and dividends on 1. & S. E. pref..
$168,537; deficit, $3.823. In
net,
income,$2,920; interest, taxes 1912, gross, $454.731;S. E. 5183.727: other
and dividends on I.
pref., 5165,597;
dividends on I. & C. Tr. pref., $10,050; surplus, &
$11,001.
ROAD.
-Operates 58 miles of track from Indianapolis via
Rushville to
Connersville and 49 miles of track from
Indianapolis
Greensburg. Total, 105 miles of track. An extension via Shelbyville to
from Greensburg to
Harrison. 0., is proposed. 60 and 70
-lb. T rails. 20 passenger cars and
4 express cars.
OFFICERS.-Pres., Chas. L. Henry, Indianapolis; V.
Muncie; Sec., John J. Appel, Indianapolis; Treas., John -P., T. F. Rose,
F. Wild. Indianwe frife, Lialanapolls.-V. 91. p.
ir.
. I
1025, 1385: V. 92, p. 322, 881.

IRONWOOD, MICH.
IRONWOOD St BESSEMER RAILWAY & LIGHT CO.
ORGANIZATION.
-Incorporated in Wisconsin. Is a consolidation
of
the Ashland Power Co. and the Gogebic & Iron Counties R.
Controls the electric light, power and street railway business & Light Co.
in Ashland,
Ironwood, Bessemer, Hurley and Giles; the gas business in Ashland,
and
the water supply companies in Ironwood and Hurley. Also owns some of
the most valuable natural water powers in Wisconsin. There are three
water-power stations operated by the company; the last being put in
operation in Feb. 1914. Franchises in Ironwood and Bessemer expire in
1941. In Wisconsin operates under indeterminate franchise.
Wisconsin RR. Comm. has authorized the issue of 51,344,000 1st mtge.
bonds, of which $1.252.000 are outstanding.
In Jan. 1913 increased its auth. pref. stock from $200,000 to $400,000.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $500,000 ($100)_
$500,000
Pref $400.000 ($100)6% cum- -----M
200,000 See text
First mtge $2,500,000 gold' 1911
5F
-A
1,252,000 Feb 1 1936
sink fund ($1,000) c•-cptfInt. at American Trust Co., Boston, Trustee.
Ash Lt P & St Ry 1st mtge( 1909 5 g
504,000 Jan 1939
51,000,000 gold (31,000) Int. at Chico Say. Ilk. & Tr. Co.. Trustee
c&r_cpt (Leverett Thompson of Chic., Co-Trustee.
-Remaining Ironwood & Bessemer 1st M. bonds may be issued
Bonds.
for 75% of cost of new property under certain restrictions. They are subject to call on any int. date after Feb. 1 1915 at 104 and int. for sinking fund.
Sinking fund provides for retirement of 1% ofoutstanding bonds beginning
with year ending Feb. 1 1916. Ashland Lt., Pow. & St Ry. bonds are
subject to call on any int, day at 104 in and after 1914. Sinking fund of 1%
of bonds out began in 1912.
Divtdends.-6% per annum Is being paid on preferred.




•

ITHACA, N. Y.

ITHACA TRACTION CORPORATION.
ORGANIZATION.-Incorp. in N. Y. Mar. 30 1914
Ithaca Street Ry.sold at foreclosure under bondholders' as successor of the
reorganization plan.
The new company is controlled by the Central N. Y. Southern
RR. Corp..
an allied steam road, by ownership of the ($400.000) outstanding
stock and
all the ($488.000) outstanding bonds. The Central N. Y.
So. RR. Corp.
is a reorganization of the New York Auburn & Lansing RR.
and is capitalized as follows: Corn. stock. auth. $1.275.000; outstanding
$375,000.
Pref. stock, auth. and outstanding, 1725,000;
'
due 1964. Auth. $4,000,000; out., $1,000,000. and 1st and coll. trust 5s
(V. 99. P. 538.)
STOCK AND BONDS- Date,
Interest, Outstanding. Maturity.
Capital stock. $1,000,000_
*5400.000
1st pref M 52.000,000, 6,red 1914
5%
See text. Apr 1 1964
any int date at par&intc•tf
Columbia Trust Co., N. Y., trustee.
Ithaca Street Railway 1st M 1892
6 J-J
175,000 July 1 1922
$175 000
tf
Int. at Farmers Loan & Tr Co.. N. Y.
2nd m 375.000
tf_ 1894
6 J-J
75,000 July 1 1922
Cayuga Lake El Ry 1st M-tf 1894
6 J-D
2,000 June 1 1922
5
• All owned by the Central N. Y. Southern RR.Corp.
Bonds- Of the 1st & ref. mtge. to.$488,000
by the Cent. N. Y. So. Remaining bonds are are issued and are all owned
reserved for future requirements, including the retirement of the three underlying prior lien as
above.
ROAD.
-Owns and operates 8.29 miles of track. Rails, 80
-lb.
OFFICERS.-Pres., R. B. Williams Jr., Ithaca, N. Y.; V.
-P's., H. W.
Fitz, Chas. E. Hotchkiss, H.A. Clarke; Tress.,& Pur. Agt., T.P. Clancy,
V. 99, p. 538.

JACKSON, MISS.
JACKSON LIGHT & TRACTION CO.
Controlled by American Public Utilities Co.
ORGANIZAT1ON.-Incorp.in Miss. in May 1912 to combine local gas,
electric light and power and street railway properties. Has contract for
city electric lighting running to April 1923. Franchises extend beyond
April 1 1922.
STOCK AND BONDS- Date.
Interest, Outstanding. Maturity.
Common $1,000,000 ($100)_
51,000,000
Pref 6% cum $600,000
520,000
First mtge $2,500.000 goldl 1912 5 A-0
928,800 April 1 1922
($100,$500,31,000)14_01f
'Chicago Savings Bank & Trust Co.. Trustee.
Bonds.
-Remaining $1,552,200 bonds are for impts., add'ns and extens.
under certain restrictions. Subject to call on any int. date on or after
April 1 1914 at 105 and int. Sinking fund of 2% of bonds out begins Feb. 1
1914. $19,800 retired Jan. 31 1914. Int. in Chic, and at N. Y. office of
P. W. Brooks & Co. See V. 94, p. 1566.
EARNINGS.
-For 12 mos. end. July 31 1914, gross. $296,361; net,
$109.301.
ROAD.
-Owns 14 miles of track. Standard gauge. 18 passenger cars.
-V.94, p. 1566; V. 98. p. 1244.

JACKSON, TENN.
JACKSON RAILWAY Sc LIGHT CO.
ORGANIZATION.
-Incorporated in Tennessee in July 1906, and is successor to the Jackson & Suburban Street Railroad Co. Franchise expires
in 1937. Also owns a park of 15 acres. Does lighting and power business
in addition to street railway.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Common $600,000 ($100)Preferred 67 cum
545
10
0401
First mtge $600.000 (51.000)1 1906 5 g J-J
494,000 Jan 1 1937
No s f. Redeem at 105_cfColumbia Trust Co.. Louisville, Trustee.
Stock and Bonds.
-$150.000 corn. and $6,000 bonds are held in treasury.
EARNINGS.
-For calendar year 1913. gross, $109,578; net. $52,482;
fixed charges, $24.882; surplus, $27,600.
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 Louisville, Ky.-V. 83, p• 95.

JACKSONVILLE, FLA.
JACKSONVILLE TRACTION CO.
-Trolley.
ORGANIZATION.
-Is a re-incorporation in Mass.in March 1911 (V.92.
p. 881) of the Jacksonville Elec. Co., which was a consolidation of the Jacksonville St. Ry.Co.,the Main St. RR.Co.and the Jacksonville Elec. Lt.Co.
Stock of old company was exchanged,share for share, for stock of new
pany. Railway franchise expires in 1932. Does entire electric railwaycombusiness in Jacksonville. $350,000 corn, stock is held by Pub. Sem'.
Invest. Co.
On Feb. 28 1914 shareholders authorized e500,000 additional
$500,000 additional common, making $1,000,000 pref. and pref. and
$1,500.000
common. V. 98, p. 763, 690. 611.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity,
Common $1,500,000 ($100)._
4a
-F
$1,00 , 0 Aug '14
5 0, 0
0 0
0
Pref6% cum $1,000.000 $100
First consol mtge $5,OO,000 1611
5 M-8
755.000 Mar 1 19a1
($500 and $1,000)_-_c•tt hit. at State Street Trust Co.,
Boston, Tens.
Jacksony Elec 1st M 81.250,- 1902
5 g M-N
1,245,000
000 gold ($1,000)_c5_ntf Int. at American Trust C0.,( May 1 1927
5 0,0 utoune r i9 6
o 11 j n,T ius 7
t .
-year gold notes,$500,000. g 1913 6 J-D
2
($500 & $1,000) red at 100 Int. at State Street Tr. Co.,
Boston,Trustee.
and interest
c•tt

62

ELECTRIC RAILWAYS

xcnc.

-Of the 1st consol. bonds, $1,245,000 are reserved to retire Jack
Bonds.
sonville Elec. 1st M., $5,000 are in treasury and $3,000,000 are for additions and impts. at 80% of cost. Subj. to call as a whole or in part for sink.
fund at 105 and int. Sink.fund, I% per annum of bonds out begins Mar. 1
1917. V. 92. p. 1564. Jacksonv. Elec. Co. bonds are subj. to call as a
whole at 105 and int. on any int. date. A sinking fund of 1% annually of
bonds out commenced May 11907, which may be used for eaten. and impts.
or in purchase of bonds. $5,000 bonds have been canceled.
-On old Electric Co. corn. 6% annually from Aug. 1 1905 to
Dividends.
Aug. 1 1910, when rate was increased to 7% and same amount paid to Feb.
1911. On new Traction Co. corn. initial div.-1 %-paid in May 1911;
same rate quarterly since to and including Aug. 1914.
-For 12 mos. ending June 30 1914, gross, $730,804; net,
EARNINGS.
after taxes, $267,382; interest, $142.053; mtge. impt. fund, $12,450;
surplus, 8112.879.
-Operates 51.24 miles of track. Has 98 cars. Gauge 5 feet.
ROAD.
-Ps., Chas. F.
OFFICERS.-Pres., Geo. J. Baldwin, Savannah, Ga.; V.
Wallace, Guy L. Weymouth and Harry H. Hunt; Treas., Henry B.Sawyer:
Sec., Alvah K. Todd; Mgr., Hardy Croom,Jacksonville, Fla.; Gen. Mgrs..
-V.92. p. 881, 1564; V. 97, D. 117;
Stone & Webster Mgt. Assn., Boston.
V. 98, p. 611. 690. 763.

p. 396, 1636; V. 93, p. 1191, 1532; V. 97, P. 803; V. 98, p. 155, 1694;
V. 99, p. 119.

JAMESTOWN, N. Y.

KANSAS CITY, MO.
KANSAS CITY RAILWAYS.
-This company, incorporated July 5 1914 with
ORGANIZATION,&C.
$100,000 stock(which will be increased later),will acquire all the property,
franchises and privileges in Missouri owned by the Metropolitan Street Ry.
Co., Central Electric By. Kansas City Elevated By. Co. and all the
property of Kansas City & Westport Belt By. Up to Sept. 1 1914 the
reorganization and merger plan had not been presented.
OFFICERS.-Pres.,R.J. Dunham,Chicago, Ill.; V.
-P., Ford F. Haury.
Kansas City; Sec. & Treas., E. E. Ball. See digest of the franchise
ordinance under Kansas City By. & Light Co. and in V. 99. p. 119. 196;
also V. 99, p. 816.
INDEX.
-V.98. p. 1845; V. 99, p• 119. 196, 269.

-Trolley.
JAMESTOWN STREET RAILWAY.
-Incorporated Oct. 18 1883. Franchise runs till 1982.
ORGANIZATION.
-On May 1 1913 the employees of this company and the ChauStrike.
tauqua Traction Co. went on strike because of company's refusal to grant
an increase in wages and other minor reasons; June 30 strike was declared
off, the men returning to work on the terms offered by the company at the
beginning.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
8250.000
Stock $250,000 (par $50)_
300,000 Jan 2 1923
First mortgage $300,000 goldl 1893 6 g J-J
c*iInt. at Guaranty Trust Co., N. Y.,Trustee.
($1,000)
1,231.679
Current liabilities June 30 1914
-For year ending June 30 1914, gross, $318,382; net.
EARNINGS.
$59,748; other income, 313.336; taxes & charges, $109,572; def.. $36,488.
-Owns 26.545 miles of track. 55 cars, 2 sweepers.
ROAD.
OFFICERS.-Pres., A. N. Broadhead; Soc. & Treas., S. B. Broadhead; Gen. Mgr.. G. E. Maltby, all of Jamestown.

BLOOMINGTON PONTIAC & JOLIET ELEC. RY.-A trolley road.
Default.
-Interest on first mortgage bonds has never been paid.
-Incorporated in 1903. Private right of way except
ORGANIZATION.
in cities, where franchises run 50 years.
STOCK AND BONDS- Date.
Interest. Outsta5,5no. Maturity.
s9ndi g
()
Stock $2,500,000 ($100)_____ --First mortgage $2,500,000 gl 1905
5 g M-S
301,100 Sept 1 1935
(8100.8500 and $1,000)__ _tint. at Amer.Tr.& Say. Bk., Chic., Trustee.
BONDS.
-Sub.to call at 105 & int. any int. date. No s.f. V.90, p. 235.
ROAD.
-Has under constructiona line to connect the points named in
the title, of which 20 miles, between Pontiac and Dwight, is in operation.
10 more miles from Pontiac to Cnenoa is about 45% completed.
-P., Chas. A. Munroe; Sec.OFFICERS.-Pres., Frank J. Baker; V.
Treas., John H. Gulick, all of 72 W. Adams St., Chicago. Ill. Office at
Pontiac. III. V.85, p. 1004; V. 90, p. 235; V. 96, p. 651.

KANSAS CITY RAILWAY & LIGHT CO.
-Incorporated in 1903 in New Jersey and acquired
ORGANIZATION.
the entire outstanding capital stock of the Metropolitan Street Railway of Kansas City and the Kansas City Electric Light Co. (Plan in V.
76, p. 1143.) Through Metropolitan Street Railway stock, the Kannps City
Railway & Light Co. acquired the stock of the Central Electric 'Railway
-A trolley road.
CHAUTAUQUA TRACTION CO.
Co. and practically all or the stock of the Kansas City Elevated Railway
-Incorporated in New York on March 7 1903. Is Co., and, through the stock of the Kansas City Electric Light Co. it
ORGANIZATION.
acquired the stock of the Edison Electric Light & Power Co. (of Kansas
controlled by the same interests as the Jamestown Street Ry.
City), the Consolidated Elect= Light & Power Co., the Standard Electric
-See remarks under Jamestown Street Railway.
Strike.
Interest. Outstanding. Maturity. Light Co. and the Kansas City Electrical Wire Subway Company-except,
STOCK AND BONDS- Date.
of course, in each instance the qualification shares held by directors.
$500,000
Stock $500,000 ($100)__
5 g A-0
600,000 April 1 1934 Controls all the street railway, electric-lighting and power business in cities
First mtge, $600,000, gold 1904
c(Int. at Title Guar.& Tr. Co., N. Y..Trustee of Kansas City, Mo., and Kansas City. Kan.
($1,000)
Owns entire stock of the Kansas City & Westport Belt R9. (a steam
569,439
Current liabilities June 30 1914
road, since converted to electricity), which on June 16 1906 absorbed the
-No sinking fund and are not subject to call.
Bonds.
interurban South Side Ry., both having perpetual charters and being or-For year ending June 30 1914, gross, $190,357; net, ganized under the General Railroad Law of Missouri; also acquired capital
EARNINGS.
$61,833; taxes & charges, $85,704; deficit, $23,872.
stock of the Kansas City Heating Co., having a franchise which expires in
-Operates 26.73 miles of track from Lakewood, where connec- 1935. This last distributes steam In the business centre of the city.
ROAD.
tion is made with the Jamestown St. Ry., to Mayville, there connecting
-The new franchise ordinance passed by
New Franchise Ordinance, &e.
with the Pennsylvania RR., and to Westfield, N.Y.,connecting there with the Upper House of the City Council on June 8 1914 and by the rower
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis By., and House on June 10 was carried by a vote of 22.398 to 15,610 at the election
-lb.'Frail.
from Westfield to Barcelona-on-Lake Erie. Standard gauge; 80
on July 7 1914. It provides for the merger of the allied railways free of all
-P., Wm.Broadhead; Treas., existing liens, including Met. St. By., Central Elec. By., Kansas City EleOFFICERS.-Pres., A. N.Broadhead; V.
S. B. Broadhead; Sec., W. R. Reynolds; Mgr., Geo. E. Maltby; Supt., vated By. and Kansas City /4 Westport Belt By., and fixes the capital
Austin A. Harvey.
value of the property in Missouri at $25,648,806, plus capital additions.
After May 1 1913 on this basis the reorganized companywill be capitalized
(see Kansas City Rys. above), and on this amount it is to be allowed to earn
N. J.
JERSEY CITY,
6% cumulative, any balance of earnings, after the application of $6,300,000 of surplus earnings to additions and extensions,to be credited two-thirds
PUBLIC SERVICE CORPORATION.
to the city and one-third to the company. Fares (unless reduced at exSee statement and maps under "Newark, N. J."
pense of city's share of surplus income) are fixed at 5 cents for adults and
23i cents for children between 8 and 12. The city will have the right to
purchase the property in Missouri at or.before the end of the 30-yr. period
on the basis of aforesaid valuation and subsequent additions. City is to
JOHNSTOWN, PA.
have 5 representatives on the board of directors. See franchise ordinance
-A trolley road.
JOHNSTOWN TRACTION CO.
in detail in V. 99. p. 196, and also V. 99, p. 119.
-The franchise of the Kansas City Electric Light
Electric Light Franchise.
ORGANIZATION.-Incorp. in Pennsylvania on Feb. 24 1910. Was
Incorporated originally to take a lease for 18 years from Jan. 5 1910 of the Co. is perpetual. See valuation of property in V. 99, p. 816.
Johnstown Pass. Ry. from the American Rys. (Phila.). In Jan. 1914 the
-On June 3 1911 Federal Judge W. C. Hook appointed
Receivership.
Johnstown Pass. By. and the Johnstown Trac. Co. were merged under the Robt. J. Dunham (Ch. of K. C. By. & Lt. board of directors) of Chic. and
title of the Johnstown Traction Co., theAmerican Rys.Co.having sold its Ford F. Harvey of Kansas City receivers for the Metropolitan St. By..
(V.92, p. 1564). Receivers
Franchises perpetual.
interests.
Central Elec. By. and Kansas City Elev. Ry.
Holders of the Johnstown collateral 5s of Amer. Rys. had the privilege were appointed at the instance of bankers to conserve the property until
for the new 1st
(until Jan. 15 1914) of exchanging their bonds"Philadelphia") & ref. 5s of satisfactory franchise relations with the city could be effected. No depractically
this company (see American Railways under
faults have occurred. V. 93. p. 1191. See formal statement by R. J. Dunall availed of the privilege.
ham and bankers' circular in V. 92,,p. 1565. Protective committees have
Interest. Outstanding. Maturity. been formed calling for depogts of ansas City and Metropolitan bonds.
Date.
STOCK AND BONDS8875,000
V. 92. p. 1565. On June 14 1912 suit was brought to foreclose the Met. St.
_
Common $1,000,000 par $50__
1627; V. 95, p. 1207. The Court
Pf $1,000,000 7% cum ($100)------------1.000,000 July 1 1943 By. consolidated mortgage. V. 94, p.
2,000.000
granted permission to the Old Colony Trust Co. of Boston, as trustee under
f1 1913 5 g J-J
First & ref M 35,000,000 s
Co., Philadelphia, Trustee.
the consolidated mtge. of 1899, and the New York Trust Co., as trustee
($500, $1,000) goldc*ntt Logan TrustJ-D
399,000 Dec 1 1929 under the Kansas City By. di Lt. Co. 1st lien ref. M. of 1903, to go ahead
4g
JohnsPassRy conM.,3800,000 1.800
Trustee.
g($1,000)red any intday c*tf Int. at Guaranty Tr. Co.. N. Y., 1 1931 with the foreclosure suits pending the franchise negotiations, which (in
1,601,000 Dec
4 g J-D
Sept. 1914) were practically completed. Inview of foreclosure proceedJohns Pass By ref M 32,000,-1 1901
($1,000)__ _c*n di-Interest at Johnstown Trust Co., Trustee. ings, a stockholders' committee was formed with Continental 3c Commercial
000 gold
retire
-Of the first & ref. mtge. 82.000,000 are reserved tofuture Johns- Trust & Savings Bank, Chicago, depositary. V. 95, p. 176, 236. See that
Bonds.
exten- committee's circular in V.95, p. 297. A noteholders protective committee
town Pass. Ry. 4s; the remainder ($1,000,000) reserved for
annually from Oct.
Broad Street,
sions, &c. Red. at 102 and int. Sinking fund of 1% of 1901, entire issue was also formed (C. M.Travis,24 Old Colony New York, Secretary, and
Pass. mtge.
Trust Co., Boston, agent of
New York Trust Co., depositary;
1917 to Oct. 1942,incl. Of the Johnstown weeks' notice.
depositary), calling for deposit of Kansas City R.& Light 6% notes. The
be called at any time at 105 upon six
may
extended for a further period of one year
-For calendar year 1913 (Dec. est.), gross, $671,553; net, committee has which depositors ofsaid notes under the from Aug. 15 1914
EARNINGS.
agreement of A ug.15
surplus, $142,049. In 1912. the time within
after taxes, 8322,049; bond int., $180,000; bond int., $180,000; surplus, 1912 will be entitled either to receive new securities or cash, pursuant to
gross, 8605,210; net, after taxes, $291,998;
a sale or plan of reorganization, or to the return of the deposited notes.
8111,998.
V. 99, r.342; V. 95, P. 420. 752. Int. on these notes was pitid Sept. 1
-Owns and operates under perpetual charter and franchise 1912. V. 95. p. 618. Int. from Sept. 1 1912 to Mar. 1 1913 and from
ROAD,&C.
and vicinity. Total
the entire street railway system of Johnstown. Pa.,
Mar. 1 1913 to Sept. 1 1913 at the rate of 7% per annum was also paid.
trackage, 43 miles.
V.96, p. 653. The int. from Sept. 1 1913 to Mar. 1 1914 and from Mar. 1
OFFICERS.-Pres., E. M.duPont.-V. 90, p. 698, 849; V. 92. ro• 187; 1914 to Sept. 1 1914, at the rate of 7%. was also paid. Judge Hook on
April 30 1914 authorized the receivers (notwithstanding the protest of
V. 97, p. 1823; V. 98. ii• 155.
the city) on application by the mtge. trustee,to pay 1% per annum additional int. on the (1) Met. St. By. 5s of 1895 from Nov. 1 1913. (2) Central
Elec. Ry. 5s of 1899. (3) From Nov. 15 1913 on the St. Ry.'s proportion
JOLIET, ILL.
of the 5% Kansas City By. & Lt. Co. 1st ref. bonds. V.98, p. 1460. In1537. On June 15
JOLIET & SOUTHERN TRACTION CO. Kane County Court, on terest on the ref. mtge. 5s paid promptly; see V. 98, p.the
receivers to pay
1911 Judge Hook in the U. S. Circuit Court authorized
Receivership. On Feb. 4 1911 Judge Carnes in
and Daniel
application of creditors, appointed H. A. Fisher (Pres. of co.)was formed. prin.& int. ofobligations of Metrop. St. By. maturing in 1911 to the amount
of$984,640 from earnings of company,provided it would not unduly hamper
Peterldn receivers. V.92, p. 395. A bondholders' committee
The city in Sept. 1911, having peV.92. p. 1636. No bond interest paid since receivership. On Nov. 23 1911 operation of road. See V. 92. p. 1701.
Cont. & Comm. Tr. di Say. Bk., as trustee, began foreclosure proceedings titioned Judge Hook to require company to live up to its franchise obligaCounty Circuit Court. V. 93. p. 1191, 1532.
tions. Special Master Brumbach on Nov. 24 1911 reported that $8,274,800
in Kane
that
-It was reported in May 1914 that the property had been sold to would be required, _provided it should be determined by law1532. the city
Sale.
p.
the majority of the bondN. W. Halsey & Co. of Chicago, representingContinental & Commercial has the right to enforce such requirements. See V. 93,
holders. V. 98, p. 1694. In July 1914 the
-A comCentral Electric Ry.-Deposits Requested-Interest Payment, &c.
UtiliTrust & Savings Bank, Chicago, as trustee, asked the Illinois Public 119. mittee (see V. 98,9. 838) requested deposits of the $2,000,000 let mtge. 58
bonds. V. 99,
The
ties Commission to sanction an issue of $1,500,000 stated officiallyp.
that it due May 1 1914. V. 98. p. 838. 98. committee arranged for the payit is
Reorganization is not yet fully completed, but
p.1315, 1316). Permission was
ment of the hit. due May 1 1914 (V.
to increase the interest
will probably be completed by Oct. 15 1914.
granted by the U. S. District Court on April 27
Interest. Outstanding. Maturity. rate from 5% to 6%, pending negotiations with the city. V. 98, p. 1392.
STOCK AND BONDS- Date.
$1,500,000
On May 2 1914 the Equitable Trust Co. of N. Y. filed a suit in the U. S.
Stock $1,500,000 ($100)_
See text.
City to foreclose the Central Elec. Ry. mtge. of
1.211,400
5 g FA
1907
First mtge 81.500.000 gold Int. at Cont.& Com•Tr.& S.B.,Chic., Trus. District Court at Kansas
1899. V. 98, p. 1460.
($100,$500 and $1,000)_c*
5 g F-A
397,000 Aug. 1 1938
Joi p & A RR 8400,000 gold 1903
BONDS- Date.
Interest. Outstanding. Maturity.
STOCK AND
c*&r Int. at Cont. & Com•Tr.& S. B.,Chic.,Trus.
($1,000)
$9.543,080
Common 812,500.000($100)- ____
-For calendar year 1911, gross. $108,938; net, $35,284.
EARNINGS.
Prof 5% n-c $12,500,000
45 miles of track between Joliet and Aurora and Joliet
-Operates
5 Q-M
ROAD.
9,407,500 Mar'11 13i
($100
miles of track in Joliet. Forms a connecting
1903 5 g M-N15 10,200,000 May 15 1913
and Chicago Heights and 2
)
Aurora Elgin & Chic. RR. Has 1st lien refund M $20,000,-{New York Trust Co.,
c*dtr
link between Chicago & Joliet Elec. and
N. Y., and Henry C•
000 gold
terminal at Joliet, and with a sub-station of its
Flower, Trus. Int. at Co.'s agency. N. Y.
1 gependent entrance and
ro omv Co. Has a long-time contract
m
ng its power from the F”
o en is g
5.478,000 See text
-lb. T rail; standard gauge-V. 92. Notes, 85.500,000 ($1,000) -- 1907 7 M-8
terminals at Aurora. 60
f n. tee of




1914

SEPT., 1914.]

ELECTRIC RAILWAYS

STOCK?AND1BONDS—

Interest. Outstanding. Maturity.
Date.
Underlying Liens.
Corrigan Con Street By lstl 1886 5 g
$156,000 July 1 1916
($1,000) red at 110__ !Int. at Central Trust Co., N. Y., Trustee.
M
Metropolitan Street Ry con 1895
7,242,000 May 1 1913
5 g M-N
mortgage gold ($1,000)(see Int. at Old Colony Trust, Trustee, Boston.
text)
c*&r Interest also payable in New York.
Central Elec By 1st mortgage 1899
2.000,000 May 1 1914
5 g M-N
$2,500,000 ($1,000) gold. Interest at Equitable Trust Co., New York,
guar
Trustee.
c*
East Side Electric By 1st 1901
250.000 See text
5g
M $250,000 gold ($1,000)• Int. at Trust Co. of Am., N.Y.. Trustee.
not guar
c* Wm. Huttig of Kansas City is also Trustee,
Controlled Companies.
Kansas City Elevated By 1stl
M pref ($600,000) g ($1,-1 1892 6 J-J
$600,000 July 1 1922
000) guar p &I
c*
2d mtge gen'l ($2,000,000) 1892 4 g J-J
2,000,000 July 1 1922
gold ($1,000) guar p & Lc* Interest at Manhattan Trust Co., New York.
Kan C & Westp 1st M $500,- 1906
500,000 July 1 1926
5 g J-J
000 g guar ($1.000)
Jlnterest at N.Y. Trust Co., N.Y., Trustee.
Kansas City By. & Light
Bonds.—Of the $20,000,000 mortgage of the
Co.. $9,800,000 were reserved for underlying liens. These bonds are both
coupon and registered, the coupon bonds being in denomination of $1,000
and the registered bonds in denominations of $1,000. $10,000 and $50,000.
The bonds are redeemable at 105 and int, on any int. date. The Metropolitan St. By. the Kan. City Elec. Lt. Co.and the Cent. Elec. By.in May
1903 made mtge. notes aggregating $10,500,000, which were deposited as
collateral under the Kansas City By. & Light Co. mortgage; the share
capital acquired of the Kansas City Elec, Light Co. and the Metropolitan
Street By. were also so deposited.
The 6% notes of 1907 were due Sept. 1 1912 but were extended at 7%.
They consist of $4,125,000 series "A" and $1,375,000 series "B." They
are redeemable on eight weeks' notice on any int. date at 100 and accrued
interest. They are secured by pledge of $5,721,043 notes of Metropolitan St. By., $1,008,795 notes of Kan. City Elec. Light Co. and $2,695,000 corn. and $2,977,900 pref. stock of the Kan. City By.& Lt.Co.,and
such securities of subsidiary companies as are pledged under the indenture
of May 15 1903 securing the 1st Hen ref. gold bonds. The series"A" notes
are convertible at option of holder into 6% shares of corn, and 7 shares of
pref. stock; V. 85, p. 284, 469; V. 86. p. 285. $22,000 of Series "A"
notes are in treasury.
Metropol.consol. mtge.,originally for $8,500,000,fell due May 1 1910 but
was extended for 3 years to May 1 1913 and new bonds offered in exch. for
old bonds. See V.90, p. 1045. Mtge. is closed and limited to $7,500,000.
Remaining bonds are reserved to retire Corrigan Con. St. By. bonds.
V. 90, p. 1044, 1363. Not subject to call.
The laonds of the K. C. & Westport Ry. are guar. prin. and int. by the
Kansas City By. & Light Co., and are subject to call on any interest date
at 105 and int. on 90 days' notice.
The East Side Elec. By. mtge. originally fell due on July 1 1911, but was
extended indefinitely.
Kansas City Elevated Ry. 1st M. preference 6s are guaranteed, Princliaal
and interest, by endorsement by the Metropolitan Street By.; so are the
2d M. general 4s. The guaranty on the latter was 3% per annum until
July 1895 and since then 4%. For form of guaranty,see V. 73, p. 1160.
Dividends.—First div., 1%% on pref. stock, was paid on June 1 1904
and 1%% quer. thereafter up to and incl. Mar. 1 1911. None since.
REPORT.—For years ending May 31. Passengers carried for revenue
in 1911-12, 119,734,910; transfers, 48,611,540. Report for 1910-11 in
V. 93, p. 1458.
1911-12.
1910-11.
1909-10.
$8,350,623 $7,727,680 $7,161,042
Gross earnings
4,774,262
Operating expenses
4,450,534
4,153,250
Net earnings
Miscellaneous income

$3,576.361 $3,277,146 $3,007,792
53,026
45,491
17,399

Total not earnings
Fixed and other charges

$3,629,387
2,384,124

Surplus
Dividends on preferred stock

$1,245,263
$923,747
$867,229
(3%)352,781 (5)470,375

$3,322,637 $3,025,191
2,398,890
2,157,962

Balance
$1,245,263
$570,966
$396,854
ROAD.—Comprises 138.64 miles of roads and 265.9 miles of track.
Lighting (May 31 1912) equivalent to 1,303,626 16
-candle-power incandeslamps.—Y. 93, p. 1386, 1458, 1532, 1668; V. 95, p. 176. 236, 297. 361.
420, 618, 680, 752, 1207, 1684; V. 96, p. 553, 653.'789, 1021. 1297. 1423,
V. 97, p. 49, 175, 443, 594: V. 98, p. 236, 690, 839, 1316, 1392, 1459,
1845; V. 99, p. 119, 342, 609, 816.
KANSAS CITY CLAY COUNTY & ST. JOSEPH RAILWAY CO.
ORGANIZATION.—Incorp.in Missouri in 1909 under a 200
-year charter. In Jan. 1913 tho line from Kansas City to Excelsior Springs, Mo., was
opened, and on May 5 1913 opened for operation its line between Kansas
City and St. Joseph, 52% miles. V. 96, p. 1423. Also handles freight.
Competing Company Discontinues Service.—See V. 99, p. 816.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Stock corn 810,000.000($100)_
34,000.000
1st mtge $10,000.000 (Ell 1911
5 g M-S
3.135,000 Sept 1 1941
000 golds f red at 105 after EquitableF DownTr. Co.. N. Y., and J. .
Sept. 1 1915
c*tf
ing, Kan. City Trus. Int. payable N.Y.
Bonds.—Of the escrow bonds,$365,000 may'b'e issued for
of permanent additions and extensions to the property. 80% of the cost
Tho
$6.500,000 can only be issued for 80% of the cast of permanentremaining
additions
and extensions, provided that the net
(mncl. taxes. insur., deprec'n, &c.) for earnings after all operating expenses
the preceding 12 months shall have
been equal to at least 1 2-3 times the annual
outstanding, together with those proposed to interest charges on all bond
be issued. Sinking fund of
1%% of bonds certified, beginning Sept. 1 1917.
EARNINGS.—For year end. May 31 1914, gross, $581.033;
net, after
taxes, $270,053; bond Int. (accrued), $151,106; bal., surplus, $118,947.
ROAD.—Operates 52.55 miles between Kansas City and St. Joseph,
Mo., and 28.24 miles between Kansas City and Excelsior Springs, Mo.,
total 77.61 miles. 70 and 80-lb. T-rail; standard gauge. Passenger
equipment, 16 cars, 1 work car, 5 exp. motor cars. 5 express motor trailers,
2 flat cars and 3 gondolas.
OFFICERS.—Pres. Philip L. Saltonstall, Boston. Mass.; V.
-P., Thos.
A. Reynolds. N. Y. Sec., J. D. Hook; Treas., H. F. Mayer; Gen. Mgr.,
J. R. Harrigan, Kansas City, Mo.;(len. Supt.,0. W. Ford, Kansas City,
Mo.—V.96,P. 1423; V.97. p. 1286; V.98, p. 523, 1157; V.99. p. 196,816.
KANSAS CITY-WESTERN RAILWAY.—A trolley road.
Formerly the Kansas-City-Leavenworth Railroad and name changed to
Kansas City-Western By. Has long-time franchises in territory served.
Interest. Outstanding. Maturity.
STOCK AND BONDS— Date,
Stock $2,000,000 ($100)$2,000,000
1st ref mtge $5.000,000 gold{ 1905 5 g M-S
1,650,000 Sept 1 1925
er
(coup $1,000, r $1,000. Intest at Guaranty Trust Co, New York,
Trustee.
tf
$5,000, $10,000)
Stock and Bonds.—$1.400,000 of bonds were issued to refund a like amount
of bonds outstanding of old company, all but $42,000 of which have been
retired, $100.000 for general corporate purposes and $150,000 for improvements: remaining $3,350.000 to be issued for acquisitions, extensions and
improvements under customary restrictions. Entire outstanding issue is
red. on any hit, date at 105 and int. V. 89, p. 1483.
REPORT.—For year ending June 30 1914, gross. $302,662; net, after
taxes, $84,798; fixed charges, $82,000; surplus, $2,798.
ROAD.—Owns and operates 43.75 miles of road, of which about 18 miles
are within the city of Leavenworth and 25% miles between Ft. Leavenworth
and Kansas City, Kan, Enters Kansas City. Mo.,over tracks of the Kansas
City Viaduct & Terminal By. which owns and operates a steel and concrete viaduct connecting Kansas City, Kan., with Kansas City, Mo. Has
second entrance into Kansas City over tracks of the Metropolitan Street By.
OFFICERS.—C. F. Holmes, Pres.;0.F. Hutchings, V.
-P. and Gen. Attorney; B. D. Hutchings, Sec. and Treas.; J. W. Richardson, Gen. Supt.;
W. M. Honar, Aud. General office, Leavenworth, Kan.—V. 89, p. 1433;
V. 90, p. 110. 358.

63

ORGANIZATION.—Incorporated in Kansas under Gen. RR. law. In
1909 receiver appointed the previous year was discharged, and old
resumed control. V. 86, p. 1467; V. 89, p• 1281. Motive powercompany
changed
from Strang gasoline cars to electricity in 1908. V.87. p.614. Has private
right of way about 80 feet wide from Kansas City to Olathe.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)-- - $1,000,000
First mortgage $600,000 gold) 1906
5 g J-J
600,000 Jan 1 1956
($1,000)
c Fidelity Trust Co., Kansas City, Trustee.
EARNINGS.—For cal. year 1912. gross, $108,463. In 1911. gross.
$104,808.
ROAD.—Operates 20 miles of road from Kansas
through Southridge, Morrison Ridge, Milburn Place, Overland Park CityLenexa to Olathe.
and
Enters Kansas City over tracks of the Metropolitan Street By. 70
-lb. rails.
Has 13 cars, including passenger and freight.
OFFICERS.—Pres., W. B. Strang; V.
-P., H. C. Brent; See. & Treas.,
E. N. Daniels; Gen. Mgr., Thos. Riley. General offices, Overland Park.
Kansas.—V. 87. p. 614; V. 89, p. 1281.

KENNETT, PA.
WEST CHESTER KENNETT & WILMINGTON ELECTRIC
Bonds.—Default having occurred Dec. 1 1910 on 1st M. bonds, IRV.
holders assented to plan of mana:gernent providing that coupons due all the
Dec. 1
and June 1 1910 be canceled and coupons to June 1
1915 stamped payable
at rate of 4%.
ORGANIZATION.—Incorporated
and is a reorganization ofa company ofin Pennsylvania on May 24 1905.
the same name sold
in April 1905. On Feb. 26 1908 absorbed the formerly under foreclosure
controlled Oxford
West Grove & Avondale St. By., which
Avondale to Oxford. See V. 86. p. 670. was to build the extension from
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Common $925,000- _________ $525.000
Pref ($75,000) 6% non-cum_ _
75,000
First mtge $1.000,000 gold' 1905
5 g J-D
420.000 June 1 1935
($500 and $1,000)____c tflInt. at Integ. T.I.Tr. & S.D. Co.,Phila.,
Tr.
EARNINGS.—For year ending June 30 1914. gross, $67,452: net, after
taxes, $20,481.
ROAD.—About 20 miles of track between
nett Square and Wilmington, connecting atWest Grove, Avondale, KenThe extension from Avondale to Oxford, 12% Kennett for West Chester.
far as West Grove and is in operation to thatmiles, has been completed as
point. Gauge, 5 ft. 231 in.
-lb. T and girder rail.
60 and 70
OFFICERS.—Pres.. Geo. Kessler, Phila.: V.
-P., Clarence L. Harper,
Phila.; Sec. and Treas., Philip E. Guckes, Phila.: Gen.
Mgr.. H. Baluss.
Kennett Square,Pa.—V.91,P. 1575, 1631. 1712;
V.94. p.831; V.95, p. 177.

KEOKUK, IA.
CENTRAL MISSISSIPPI VALLEY ELECTRIC PROPERTIES—
ORGANIZATION.—Formed in Illinois by a trust agreement dated
Dec. 12 1913, under which there are deposited with trustees all the common
stock of the Keokuk Electric Co. (see below) and all the capital stocks of
Fort Madison Elec. Co. and Dallas City Light Co. These companies do
the electric railway, electric lighting, power and gas business in Keokuk.
Ia.. the electric iighting and power business in Fort Madison, Ia.. and
Dallas City,
the electric railway and lighting business in
and Warsaw, Ill., and operates an interburban electric railwayHamilton
Keokuk. Hamilton and Warsaw. The stock was offered in Dec.between
1913 in
blocks of 10 shares pref.(par $100) and 3 shares corn. for $90.
Franchises.—The electric railway and elec. lighting franchises in Keokuk
expire in 1936, the gas franchise in 1928. The electric lighting
in Hamilton expires in 1936; the important railway franchise franchise
in
The electric lighting franchises in Fort Madison and Dallas City 1931.
expire
In 1938.
STOCK (No Bonds)—
Date.
Interest. Outstanding. Dividends.
Com 7.500 shares (no par val) _
7,500 shares
Pref(6% cum) $750,000 ($100)....._
6 Q-M
$750,000 Sept '14,13
Preferred Stock.—Redee.mable at 110.
EARNINGS.—For cal. year 1913 (one month est.), gross. $289,000;
net, after taxes, $107,000.
Dtvidends.—An initial dividend of 13% was paid on the pref. stock
1914 (V. 98, p. 610); June, 13-i %; Sept, 111%•
OFFICERS.—Pres., Geo. Higginson Jr.; V.
-Ps., Chas. F. Wallace and
B. Alcott Pratt; Sec., Joseph L. Valentine. Chicago, Ill.•, Treas., H. B.
Sawyer; Asst. Sec., Alvah K. Todd; Gen, Mgrs., Stone & Webster Mgt.
Assn.
ROAD.—Miles o track, 13.35. Cars, 22.—V. 98. p. 72, 610.
(1) Keokuk Electric Co.
ORGANIZATION.—Incorp. in III. on Dec. 5 1911 as successor to the
Keokuk Elec. By. & Pow. Co.; Keokuk Gas & Elec. Co.; Hamilton Lt.
& Power Co. and Keokuk & Western Elec. Co., control of which was
purchased in 1911 by Stone & Webster Mgt. Assn. Does the electric railway, electric lighting, power and gas business in Keokuk, Ia.: the electric
railway and electric lighting business in Hamilton and Warsaw, Ill,, and
cperates an interurban electric railway between Keokuk, Hamilton and
Warsaw.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Common 3650.000 ($100)____
$615,000 Aug '14. 2%
Q-F
Pref $250.000 4100)6% cum_ _ _ _ _
250.000 See text
Q-F
Keokuk El Ry & Pow 1st M1 1901
5%
189,000 See text
ntf Cent. Trust Co.and H.E. Ambler, Trutees.
Keokuk Gasit & Coke 1st M 1898
t
(closed mtge)
tf Union Trust%... St. Louis. Trustee.
Ham Light & Power 1st M 1902
4.500
1922
6%
(closed mtge)
ntf Cont. & Comm. Tr. & Say. Bk.. Trustee.
Stock—Common stock is at owned by Cent. Miss. Vali, Elec. Properties.
Pref. stock is red. at 110.
Bonds.—The Keokuk Elec. By. & Power first mtge. 5s are due serially
1914 to 1925. Red. any int. day at 105 and int.
Dividends.—Divs. on pref. have been paid since organization. Initial
div.on com.-2%—paid in Feb. 1914; May,14%;Aug.,2% (V.99,7).467)
.
EARNINGS.—For cal. year 1913, gross. $251•474; net, after taxes,
395.585; int.. $22,604; sink. fd.. $8.750; surplus. $64,231.
OFFICERS.—Pres- Harry T. Edgar; V.
-Ps., Geo. Higginson, Jr. and
Guy L. Weymouth; Sec., Alvah K. Todd: Treas.. Henry 11. Sawyer; Gen.
'
Mgrs.. Stone & Webster Mgt. Assn.—V. 93, p. 1725; V. 97, p. 1583,1898;
V. 98. p. 73.

KEWANEE, ILL.
CIALEsBURCI•& KEWANEE ELECTRIC RY.
ORGANIZATION.—Incorporated May 1902. Is a reorganization of
the Galesburg & Oneida Elec. By. Co.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Common $200,000 ($100)$200000
Pref $400,000 ($100)6% cum
110,800
First mtge $400.000 ($500 8:) 1906
400.000 July 2 1926
5g
$1,000) gold
c&r Int.atCent &Com.Tr.& Say.Bk.
,Chic. Tr.
,
Bonds.—Are red, on any hit. day at par and int. No S. f.
EARNINGS.—For 12 mos. ending June 30 1913. gross, $84,472: net,
$20,939; hat, and taxes, 323.588; def., $2,649.
ROAD.—Has city line in Kewanee and WethereNd and
between Kewanee and Galva. Total track operated 14 miles. intererban
70 -lb.
-80
T and girder rails. Gauge 4 ft. 83 in.
OFFICERS.—Pres., W. H. Lyman; V.
-P., H. W.Crane; Sec. & Treas..
F. M.Lay; Gen. Mgr., R. H. Hayward.

KEYPORT, N.

JERSEY CENTRAL TRACTION CO.—Trolley.
ORGANIZATION.—Chartered Mar. 26 1891, in N. J., as the Keyport
& Matawan Street By.; a horse line, but has been operated as an
railway since July 1901. and name changed as above in Nov. 1901. electric
pany owns franchises for tha carrying of freight and transports Comb:ick,
MISSOURI & KANSAS INTERURB. RY.—Known as "Strang Line." gravel, &c., for local industries.




[VOL. xclx.

ELECTRIC RAILWAYS

64

Company also owns 462 of the 500 shares of stock and all of the bonds
(1100,000) of the Middlesex & Monmouth Electric Light, Heat & Power
Co.. which supplies both city lighting and private power and lighting in
South Amboy, Keyport, Matawan, Keansburg, Belford and other cities.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
11.500,000
Stock $1.500.000 ($100)-5 g M-N
230.000 Nov 1 1931
mortgage $750,000 goldl 1901
1st
tfant. at Colonial Trust Co., Phila.. Trustee.
($500 and 11.000)
See text
5 g M-S
1939
Gen ref, impt & eat mtgef 1914
c*IInt. at Guardian Trust Co., Phila., Trustee.
15.000,000
-Of the $1,500,000 bonds of 1904 $230,000 are reserved to retire
Bands.
the first 5s. The new bonds are redeemable at 105 and int. Dec. 1 1914
or any interest period thereafter. The bonds of 1914 are red. Mar. 1 1917
or any hit, date at 10234. 11,500,000 bonds are reserved to retire prior
liens. The discount on the sale of the bonds is to be amortized during the
life of the bonds. V.99, p.269; V.98. p. 1894.
-For calendar year 1913 (incl. Mid. & Mon. Elec. Light).
REPORT.
gross. 1302.750; net.$143,381; taxes,$8,631; int., $81,014; sur.,$52.736.
-Owns and operates 36.09 miles of road from South Amboy,
ROAD.
Keyport and Belford to Red Bank; Belford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N. J. Standard
-lb. girder rails. Nearly all over private right of way.
-lb. T and 70
gauge 60
electric locomotives, 29
1 snow-plow.
32 passenger cars. 2 South Amboy through freight cars andand over the
Mechanicsville
An extension from
Raritan River Bridge to Perth Amboy was completed in 1910.
-P. & Gen•
OFFICERS.-Pres., Jas. H. Morris, Morris Bldg., Phila.; V.
Mgr.. G. I. Brown. Red Bank; Sec. & Treas., R. A. Taussig. Morris Bldg..
-V. 76.
Phila.; Asst. Sec. & Asst. Treas., F. A. Cater. Keyport, N. J.
p. 1300; V. 92. p. 461; V. 98. p. 1694; V. 99, p.269.

KEY WEST, FLA.

-On Dec. 31 1913 owned 52.458 m. of track, incl. 11.148 miles
ROAD.
-lb. and over T and girder rail. Has 65
of double track: standard gauge; 70
open cars, 82 closed and 11 work cars; total, 158. Owns one park and
leases another.
-P., W.S. Shields;
OFFICERS.-Pres. & Gen. Mgr., C. H. Harvey; V.
--V. 83, p. 38; V.85.
Sec. & Treas., C. J. Fleming; Aud., George Cooper.
p. 345,405,793 V. 88, p. 1620; V. 96, p. 716, 1021.

KOKOMO, IND.
INDIANA RAILWAYS & LIGHT CO.
ORGANIZATION.-Incorp. in Indiana on Dec. 7 1912 as a consolidation of the Kokomo Marion & Western Trac. Co., Kokomo Frankfort &
Western Trac. Co. and Kokomo Public Utility Co. Carries on an interurban and street railway, lighting, power and heating business. Street
railwayfranchises extend to 1953; electric-lighting, power and steam-heating
franchises are limited to 25 years (subj. to renewal) and extend to 1932 or
beyond.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,000,000
Common $2,000,000 ($100)375.000 See text
6 Q-M.
---Pref cum 11,000,000 ($100)r1,180,000 Jan 1 1943
1st & ref M sk fd 85,000,0001 1912 5 g J-a
($500 and $1,000) g c*tf Union Trust Co. of Indianapolis, Trustee.
650,000 July 1 1933
-I
5gj
Kok Mar & W 1st M $1,000,- 1903
000 g ($500 & $1,000)c*ntf Interest at Security Tr. Co., Ind., Trustee.
-Preferred stock is non-voting. Subj. to call at 105.
Stock.
Bonds.
--Of the 1st & ref. bonds,$650,000 are reserved to retire the K. M.
& W. bonds, $50,000 for corporate purposes and $3,120,000 for additions,
betterments, &c., under certain restrictions. Red. on any int, date at 105.
Sk.rd. 1% beginning Jan. 11917. In lieu of retirement of bonds, company
may at its option set aside annually for perm. add'ns, impts. & extensions,
at not exceeding 80% of cost thereof, a sum equivalent to 131% of total
amount of refund, bonds out. Int. payable at Spencer Trask & Co., N. Y.
V. 95, p. 1684. K. M.& W.1st M. bonds are subj. to call at 105 and int.
See V.78, p. 1143; V. 77, p. 451.
-6% is being paid on the preferred stock.
Dividends.
-For year end. Dec. 31 1913, gross, $407,128; net, $231.EARNINGS.
328; int., taxes, deprec'n, pref. div., &c.. $142.319; surplus, 189.010. In
1912, gross, 1341,684; net. $185,806; int., taxes, deprec'n, pref. city., &c..
$106,778; surplus, $79,028.
ROAD.
-Operates 3634 miles of track in Kokomo and from Kokomo to
Marion and 2534 miles of track, incl, sidings, between Kokomo and Frankfort; total miles of track, 62. Is connecting link between the Terre Haute
Ind.& East. Trac. Co. and the Union Traction Co. of Indiana. Standard
-lb. T rail. On Dec.1 1913 had 3,720 light and pow.consumers.
gauge. 70
-P., L. J. Kirkpatrick: Sec..
OFFICERS.-Pres., Geo. J. Marott; V.
Treas. & Gen. Mgr., T. C. McReynolds; Asst. Gen. Mgr., P.I1. Palmer;
-V. 95, P. 1684; V. 96. p. 488.
Aud. & Asst. Sec., C. C. Trees.

-A trolley road.
KEY WEST ELECTRIC CO.
-Incorporated in New Jersey in 1898 and does entire
ORGANIZATION.
electric-light and power business in addition to entire street railway business
of the city; also ownsfranchises for manufacture of gas. Franchises expire
1997. In June 1904 acquired the Key West Electric Light & Power Co.
V. 78, p. 2334. In June 1908 was acquired by Stone & Webster of Boston
and re-capitalized as below. V. 82, p. 1498. Public {Service Investment
Co. owns $374,100 common stock and 1222,000 preferred stock.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$500,000
Common $500.000 ($100)----M
Q
350,000
Pref $350,000 (1100)6% cum_ ____
-A
5g F
504,000 Aug 1 1956
First mortgage 11,000.000j 1908
tf Int. at State Street Trust Co., Boston. Tr.
gold
the 1350. 00 pref. stock reported outstanding above,
-Of
Pref. Stock.
$80,000 is held in trust for the benefit of the co. Red. at 110.
-Are subj. to call as a whole or in part for a. f. at 105 and int. at
Bonds.
any time. A sink, fund of 1% of bonds out began Dec. 1 1907, if earned;
on Dec. 1 1912 became obligatory. $88,000 in treasury not incl. in outstanding amount.
-For cal. year 1913, gross. $142.958; net, after taxes,
EARNINGS.
$57,383; hit., 125.111; sink. fund. $5,870; pref. div. (6%). $16,200; surplus. $10,202.
LACONIA, N. H.
-Operates 5.4 miles of track; 10 cars. Gauge 5 ft. 234 in.
ROAD.
LACONIA STREET RAILWAY.
-P., Charles
OFFICERS.-Pres., George J. Baldwin, Savannah; 1st V.
In Nov. 1906 control changed hands, and the new interests also acquired
-P., Harry H. Hunt; Sec., Alvah K. Todd; Treas., Henry control of the Laconia Electric Lighting Co.
F. Wallace; 2d V.
B. Sawyer; Acting Mgr., B. L. Grooms, Key West, Fla.: Gen. Mgrs.,
ORGANIZATION.-Formerly the Laconia & Lakeport Street Ry., but
-V.82, p. 1496. V. 94. p. 1508.
Stone & Webster Mgt. Assn., Boston.
name changed to above in 1894.
STOCK,&c.Interest, Outstanding. Maturity.
Date.
Common $100,000(par $50)
$100,000
KINGSTON, N. Y.
Prat6% cum 140.000($100)_40,000
KINGSTON CONSOLIDATED RR.
First mortgage $91,000 ($1,- 1899 5 M-N
91,000 May 1 1919
ORGANIZATION.-This is a consolidation on Dec. 11 1901 of the Kings000)
Interest at American Trust Co., Boston.
Colonial City Traction.
ton City RR. and the
Second mortgage $40,000 1904
5 M-N
40,000 May 1 1919
Interest. Outstanding. Maturity.
($1,000)
Interest at People's National Bank, Laconia.
STOCK AND BONDS- Date.
1200,000
vidends.-In 1893-94 pad 5%; in 1894-95 paid 4%; none since.
Common 1200,000 ($100)200,000 Sept'14, 4%
ROAD.
-Owns 8.87 miles of track from Laconia to Weirs. Standard
Preferred 4% cum 1200,000532,000 Oct 9 1951
5 g J-J
First consolidated mortgagel 1901
Co., N. Y., Trustee. gauge. 11 passenger and 2 other cars.
$700,000 (11,000) gold c*tt Int. at Bankers Trust None Jan 1 1939
-For years ending June 30:
EARNINGS.
$250,000 1909 5 J-J
Second mortgage
1911.
1910. 1
1910.
1911.
Int. at Bankers Trust Co., N. Y., Trustee. Gross
($1,000)
136,200 $34,2931Int. and taxes
$9,631 $10,640
RR.Kingston City
9,915
9,5031Bal. for year
sur.284 def.1,137
150.000 Mar 1 1923 Net
5 M-S
Consol 1150.000 ($1,000) not' 1893 Farmers' Loan & Trust Co., N. Y.
OFFICERS.-Pres., H. L. Pierce, Leominster, Mass.: Sec., Geo. P.
t
subj to call before mat'y_tf'In . at
6,000 On demand. Munsey; Treas., Harry G. Lowe.
5 quar.
_
Mortgage on car barn1710,000consolidated mortgage is reserved to re-$156,000 of theBonds.
112,000 have been canceled.
tire the Kingston City RR. underlying liens;stock since consolidation up to
-4% was paid yearly on pref.
Dividends.
LA CROSSE, WIS.
4% was paid.
1908, when 2% was paid Aug. 1. None to Jan. 1 1911, when
WISCONSIN RAILWAY, LIGHT & POWER CO.
None since then up to Sept. 1 1914, when 3% was paid.
-lb. 40 cars.
ORGANIZATION.-Incorp. in Wisconsin on Jan. 16 1913 and has ac-Embraces 8 miles of track. Rails, 70,80 and 90
ROAD.
quired and now owns in fee all the property formerly belonging to the La
3 snow plows.
$158,313; net, 180,854; Crosse Water Power Co., the La Crosse City Ry, and the Winona (Minn.)
-For year end. June 30 1914, gross,
REPORT.
Ry.& Lt. Co. Does electric-light & power business in Winona,Minn., and
int., taxes, &c., 145,128; surplus, $35,726.
operates street railways in Winona and La Crosse.
-P., Honey C. Onalaska, Wis., andcontract the La Crosse & Onalaska St. Ry., an interOFFICERS.-Pres., Fred. T. Ley, Springfield, Mass.; V.
Also operates under
Page, Worcester, Mass.; Sec., G. B. te 13ow, Kingston; Treas., Abm. urban line about 3 miles long, connecting the cities named. Owns hydro-V.89. p. 225, 529; V. 90. p. 303.
Hasbrouck, New York.
electric plant at Hatfield, Wis., with transmission lines to La Crosse and
Winona, at which cities it also has steam reserve plants.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
KNOXVILLE, TENN.
$1,230,000
Common $1,230,000
KNOXVILLE RAILWAY & LIGHT CO.
5 F-A
1913
2,000,000 Feb 1 1933
First & ref M 110.000.000 First Trust
Controlled by American Cities Co.(see under New Orleans), which owns
Co., Maw., Trustee,
c*tf
(MOW) gold
all the stock.
5 g J3
M 1909
220,000 July 1 1929
a con- La Crosse City Ry 1st _c Int. at Wisconsin Tr. Co., Milw., Trustee.
-Incorporated in Tennessee on Aug. 5 1905 as
ORGANIZATION.
(closed mtge) ($1,000)solidation of the Knoxville Traction Co. and the Knoxville Electric Light &
-Entire stock placed in escrow for 5 years under a voting trust
Stock.
Does all the street railway and all municipal and commercial
Power Co.
of a definite management and control of
electric-lighting and power business in Knoxville. Also controls the agreement for the establishment
consisting of Fred. Vogel Jr., Frank 0. WetKnoxville Park Association, owning two amusement parks. Franchises property, the voting trustees
of street railway, which latter run unti more, F. B. Hixon, H. L. Stuart and Clement C. Smith.
are perpetual, except as to 134 miles
Nov. 28 1948.
-Of the $2,000.000 1st & ref. bonds outstanding, $800,000 have
Bonds.
In 1911 $1,500,000 corn. and $500,000 pref. stock was all made one class been deposited with trustees by owners, under an agreement which provides
be subordinate and junior in every
and increased to $2,050,000.
that, while so in escrow, they shall banks. Such escrow bonds can be
Has favorable long-term contract with Tennessee Power Co. for the pur- respect to $1.200,000 bonds sold to the
power.
lots of 150.000 or multiples thereof, under
chase of electric
released from escrow only in
.
19f
Interest. Outstanding. Maturity. certain restrictions. The mtge. provides that 12,225,000 may be issued at
STOCK AND BONDS- Date.
Bonds in addition to the
J-13
12,050,000 June'14,2
par for corporate purposes of the company. to retire La Crosse City
Stock $2,050,000 ($100)----- - 1220,000
5 J-D
2,014,000 June 1
$2,225,000 may be issued as follows:
t mtge 110,000,000 1911
Ref &
cpt Int. at Guaranty Trust Co., N.Y., Trustee. bonds and 175,000 to retire a like amount of bonds which may be issued for
($500 and $ ,000)___c
are itsuable at par
5 g M-S
1,173,000 Sept 1 1945 certain additional property; remaining bondsmtge. debt existing (a) to
Consolidated mortgage $3-I 1905
or any
against
000,000 gold ($1,000)___c* Int. at Standard Trust Co., N.Y.. Trustee. redeem at par any underlying bonds
not exceeding, however, at par, the reasonable
5 g A-0
820,000 April 1 1938 any property acquired,
Knoxville Trac 1st M 1850,-I 1898
not exceeding 75% of cost of any addi000 g tax-free ($1,000)__c* Int. at Baltimore Trust Co., Balt., Trustee. value of such property; and (b) for
certain restrictions. Bonds red. on any int. date at
-Of the ref. & ext. mortgage, $3,000,000 are reserved for prior tional property, with fund, 2% per annum, beginning 1918. Int. payable
Bonds.
105 and int. Sinking
liens and /4,986,000 are for additions and improvements under certain at office of trustee, or at office of company or at its New York agency.
restrictions. Of the bonds reported outstanding,$236.000 are in treasury.
-24 miles of track.
ROAD.
Bonds are redeem. at 105 and int. on 60 days' notice or may be purchased
in o en market at a price to net not less than 434%. Annual sinking fund,
OFFICERS.-Pres.,Clement C.Smith. Operations are directed from
g Oct. 1 1915,equal to 34 of 1% of total amount of bonds out. Of President's office in Milwaukee in connection with the operations of the
to
the $3,000,000 consols, $824,000 are reserved & retire Knoxville Trac. Co. Wisconsin Public Service Co. and other public utility properties. V.98.
bonds and $1.003.000 held by trustee of ref. ext. mtge. Bonds are re- p.692.
,
deemable at 10734 and hit. on 60 days notice. Sink. fd. annually of 34 of
Sept. 1 1910, and
Knoxville Trac.
1% of all bonds out (incl. to 1% annually.bonds) began outstanding bonds
WISCONSIN MINNESOTA LIGHT & POWER CO.
162,000 of
after 5 years is increased
ORGANIZATION.-Incorp. in Wisconsin. Dec. 2 1901 as the La Crosse
held in sk. fd. on July 311914. The Knoxv. Trac. Co. first mtge.
were
$30,000 have been canceled.
Gas & Elec. Co.(successor to the La Crosse Gas Light Co.,the Las Crosse
bonds are not subject to call. on common
-2%
-June 29 1907, 1% was Brush Elec. Light & Power Co. and the Edison Light & Power Co.) In
-First dividend
Dividends.
and, 1% Dec.1907; in 1908,4%;in 1909,7%;in 1910,8%; 1914 changed name to Wisconsin Minnesota Light & Power Co. and inpaid Sept. 1907
one class and in June 1912 paid 334%; creased its auth. stock from $900,000 to $10,000,000 and merged the
in 1911, 10%. Then stock all made
in 1898) and the
Dm, 33%. In 1913, June, 2%; Dec., 5%. In 1914, Mar., 2%; Chippewa Valley Ry. St. & Power Co. (incorp. in Wis. electric light and
Chippewa Valley Construction Co. Owns and operates
June, 2%.
water
power, street and interurban railway, gas, domestic water, and hot
calendar years. Pass. carried in 1912, 10,960,344.
-For
REPORT.
and MenemSurplus. heating properties in Eau Claire, La Crosse, Chippewa Fallsindeterminate
Net after Taxes. Interest, &c.
Gross.
under an
Year1184.637 Jule, Wis., and Red Wing. Minnesota. Operates
1197.793
$382.430
$882,802
and is protected
1913
158,244 permit granted by the Wisconsin RR. Comm. similar business. against
181,410
339,654
728,035
1912
352,982
160,866
192,098 competition by any other public utility doing a
709,604
Public
1911
Common stock all owned and properties managed by American
140.371
365,054
224,683
716,110
1910
184,448 Utilities Co.
138,038
302,486
613,520
1909




65

ELECTRIC RAILWAYS

SEPT. 1914.]

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$988.000
Common. $5.000,000
1,500.000 Sep '14 .1K
Q-S1
Pref.,$5,000,000(7% cum.)._ _--5 g M-N 2.265,000 May 1 1944
1st& ref M.520,009,900 goid 1 1914
Int. payable in N. Y. or Chicago.
($500&$1,000)c*($1.000)c*
red aft May 1'19 ®105&int Harris Trust & Say. Bank,Chicago; Trustee,
Albert W. Harris Co., Trustee.
1.485.000 July 1 1924
chipp V Ry L & Pow 1st Ml 1907 5 g J-J
(closed)$2,000,000($1,000)g Int. at Harris Tr.& Says. Bk.,Chic., Trustee
See text. Dec 1 1931
La Crosse 0& El 1st & ref m 1911 5%g J-D
Trus.
$3,000,000 ($1,000) gold.c* Int. at Merch. Loan & Tr. Co., Chic., ad$200,000
Stock.-Pref. stock is pref. as to assets and dividends.held in reserve
$1.500.000 now outstanding is
ditional stock beyond the
until net
and cannot belsold, except with the approval of the bankers, for the
amount
earnings applicable to pref. diva. are twice the malority required
a the directors
stock may elect a
$1,700,000 stock. The pref.
or the
whenever four consecutive quarterly dividends remain unpaid99,p. 54.
See V.
property is shown to be inefficiently managed or depleted. reserved to retire
1914. $1,485,000 are
-Of the 1st St ref. bonds of
Bonds.
Escrow bonds can be issued
the Chippewa Valley Ry. Lt. & Pow. bonds.
(provided $250.000 is expended
for 75% of cost of extensions and additions
of bonds), but only as regards the
for extensions. &c., without the issue
net earnings are 1% times the
first $2,750,000 bonds, in case the annual
balance may be issued when net
total int. charge. incl. bonds applied for;
-V.98, p. 1995. Cash was deposited to retire
Is IN times Int. charge.
(outstanding amount at one
the old La Crosse Gas & Elec. bonds of 1911the basis of the following pertime $1,222,000). Sinking fund payable on
bonds: I% yearly 1919
centages of the bonds outstanding, incl. underlying either to retire bonds
1943;
to 1928 114%. 1929 to 1938; and 2% 1939 to
or for extensions and additions. stock of 1%% paid Sept. I 1914.
-Initial div. on pref.
Dividends.
-Combined earnings of constituent companies for year
EARNINGS.
ending April 30 1914: gross. $771,925; net, after taxes, $379,046; bond int.,
$187.500; bal.. surplus. $191,546.
-Owns and operates 2014 miles of electric
ROAD. PROPERTY. &C.
railway. incl. interurban line on private right-of-way between Eau Claire
and Chippewa Falls and local lines in Eau Claire. Present rated capacity
plants approx. 14,000 h. p. Ultimof company's hydro-electric and steam over 100 miles of high-tension transate development 100,000 h. p. Ownsadditional line to connect its Cedar
mission lines and is constructing an
Falls plant with the La Crosse properties. Also owns and operates gas
properties in La Crosse, comprising 5514 miles of mains.
-V.98, P. 1995; V. 99. p. 54.
-President, Jos. H. Brewer.
Officers.

LAKE CHARLES, LA.
LAKE CHARLES RAILWAY. LIGHT & WATER WORKS CO.
-Incorporated in Louisiana in 1909. In June 1909
ORGANIZATION.
the company acquired the Lake Charles Street R.Co., operating an electric
in Lake Charles and Lake Charles Ice, Light & Water Works Co.,
railway
which operates an ice plant, electric-light and power department 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.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$200,000
Stock $200,000
See text.
225,000
$500,000 gold' 1909 6 g F-A
First mortgage
c*lInter-State Tr. & Bkg. Co., New On., True.
($500 and $1,000)
bonds are for improvements and extensions on basis
-Remaining
Bonds.
of $1 in bonds for each $1 33 of improvements,&c. Bonds mature $15,000
semi-ann. from Aug. 1 1912 to Feb. 1 1922, both inclusive; but redeemable
on and after Aug. 1 191400 any int. day on 30 days' notice. Int,is payable
at office of trustee or at Chicago Savings Bank & Trust Co., Chicago.
$75,000 has been retired.
-lb. rails.
ROAD.-Consists of 9 miles of track. 60
-V.89,p.919.
OFFICERS.-Pres.,J. A. Landry; Sec.,P.O. Moss.

vine Street Ry..8.39 miles: the Elizabethtown & Florin Street Ry.,6.40 m•;
the Christiana & Coatesville St. Ry., 10.69 miles; Lancaster ,k Millersville
By.. 4.30 miles; Lancaster Willow Street Lampeter & Strasburg Ry. 11.12
miles; the Lancaster Petersburg & Manheim By., 8.30 miles; the Eptirata &
Adamstown,8.11 m.,and the Lancaster & Rocky Springs, 4.56 miles. The
latter four completed and leased for 999 years at a rental of 6% on stock.
Subsidiary gas and electric companies had 9,858 gas and 3,978 electric
meters in use on Jan. 11913.
-P., George Bullock; Sec. and
OFFICERS.-Pres., W. W. Griest; V.
Treas.. H. Morgan; Asst. Sec. and Treas., J. S. Graybill and M.D. Evans.
-v.91, p• 463. 1447; V. 93, p. 1783.
(a) Lancaster Mechanicsburg 6c New Holland Ry.-A trolley road.
ORGANIZATION.
-Incorporated May 16 1899. Runs from Lancaster
to New Holland, with an extension to Ephrata, 20.76 miles. Is leased
to Conestoga Traction Co. for a rental of 8% on stock. Capital stock.
0
$300,000. Stock is not owned by lessee. No bonds.
(b) Rohrerstown Landisville & Mt. Joy Ry.-Trolley.
-Owns an electric road of 13.15 miles from Lancaster
ORGANIZATION.
through Landisville, Salimga, Mt. Joy and Florin. Is leased for 999 years
to the Conestoga Traction at rental of6% on its $440,000 stock. No funded
debt. V. 73. p. 236.
(c) Ephrata & Adamstown Ry.-A trolley road.
ORGANIZATION.
-This company was incorporated with $225.000
capital stock on Sept. 17 1901. Owns road from Ephrata to Adamstown.
8.11 m., which was leased in 1903 to the Conestoga Traction Co. for a
rental of 6% on the stock. No funded debt.
(d) Lancaster & Rocky Springs Ry.
ORGANIZATION.
-Operates 4.56 miles of track. Stock. 8200,000.
No bonds. Leased to Conestoga Traction Co.for 999 years at 6% on stock.
(e) New Holland Blue Ball & Terre Hill Street Ry.
ORGANIZATION.
-Operates 5 miles of track from Blue Ball to Terre
Hill. Is leased to the Conestoga Traction Co. for 999 years at 5% on its
$120,000 capital stock
(0 Lancaster 6c Eastern Ry.
ORGANIZATION.-Operates 17.84 m.of track from Lancaster to Christiana. Capital. $430,000. Was leased on June 1 1906 to Conestoga Traction Co. at 6% on stock.
(8) Lancaster 6c Quarryville Street Ry.
ORGANIZATION.
-Consists of 8.39 miles of track. Is leased to Conestoga Traction at rental of 6% on its $225,000 stock.
(h) Elizabethtown & Florin Street Ry.
ORGANIZATION.
-Consists of 6.40 m. of track. Oct. 1 1908 was
leased to Conestoga Traction at rental of 6% on $220,000 stock.
(i) Christiana & Coatesville Street Ry.
ORGANIZATION.
-Organized in Pennsylvania March 15 1909. Is a
reorganization of the Phila. Coatesville & Lane. St. By. $400.000 ($50)
stock, $365,000 outstanding; no bonds. Is leased to Conestoga Traction
Co. at a rental of 6% on capital. Consists of 10.69 miles between Christiana and Coatesville.
(1) Lancaster Petersburg & Manheim Ry.
ORGANIZATION.
-Incorporated Nov. 5 1900. On May 1 1902 was
leased to Conestoga Trac. Co. for 999 years at an annual rental of 6% on
$175,000 stock. Operates 8.30 miles of track.
(k) Lancaster Willow St. Lampeter & Strasburg R.
ORGANIZATION.
-Incorporated Nov.15 1900. On June 1 1902 was
leased to Conestoga Trac. Co. for 999 years at a rental of 6% on $225.000
stock. Operates 11.12 miles of track.
(I) Lancaster & Columbia Ry.
-Consists of 8.43 miles of track between Lancaster
ORGANIZATION.
and Columbia. Is leased to Conestoga Trac. Co.for 20% on its $37,500 stk.

LANCASTER, PA.
LANCASTER COUNTY RAILWAY & LIGHT.
-See under New York.
Controlled by the United Gas & Elec. Corp.
-Incorporated on June 15 1901 in New Jersey. Owns
ORGANIZATION.
and controls the following railway, gas and electric properties, whose stocks
are placed under the mortgage of 1901:
'Edison Electric Co.
Conestoga Traction Co.,
Lane. Gas Light & Fuel Co.
Conestoga Realty Co.
Also controls the
Franchises are perpetual. Does all the gas and electric lighting in cities
of Lancaster and Columbia, and practically all in Lancaster County.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,410,000 In '13, 12%
Q-M
Stock com $1,350,000(850)___
1,000,000 In '13. 5%
Q-M
cum ___ _
Prof $1,500,000 ($50) 5%
1,000.000 July 1 1951
5 g J-J
Mtge 51,000.000 gold MOW 1901
c*ntf__ _ llnterest at Lancaster Trust Co.. Trustee.
and $1,000)
Securities of Lines Controlled1,277,500 Jan 1 1950
Conest Trae lstM $2,000,000 1 1900 4 J-J
($100, $500&$1,000)__c*tf lInt. at Prov. Life & Tr. Co.. Phila., Trustee.
Lancaster City RR 1st mtgel 1890 5 g A-0
160.000 Apr 1 1920
c*tf Int. at Metropolitan Tr. Co., N.Y.,Trustee.
($100 and 8500)
W E St Ry 1st NI $225,000 1891
225.000 May 1 1921
5 M-N •
($100 and 8500)
c*tf Int. at Metropolitan Tr. Co., N.Y., Trustee.
Lances Trac 1st M ($100, 1893 5 A-0
225.000 Apr 1 1923
$500 and $1.000)
c*tf Int. at Lancaster Trust Co.. Lane., Trustee.
Lane G L& F 1st M $300.000 1895
5 J-J
300.330 Jan 1 1925
($1,000)
cntf Int. at Lancaster Trust Co.. Lane., Trustee.
Second mortgage 3400,0001 1906
5 J-J
100,000 Jan 1 1963
c*tf Int. at Lancaster Trust Co.. Lane., Trustee.
($1,000)
j_j
Third mtge $100,000 geld 1911
100,000 Jan 1 1936
c*tt Int. at Lancaster Trust Co., Lanc., trustee.
($1,000)
Columbia Gas Co 1st mtge 1911
5 J-J
75,000 Jan 1 1941
8200,000 41,0001_ _c*tf Int. at Farmers'Tr. Co.. Lancaster, Trustee.
5 F-A
Edison Elm Co 1st & ref Ml 1913
1,000.000 Feb 1 1943
tf Lancaster Trust Co.. Lancaster, Trustee.
35,000,000
Edison Elec Ilium Co 1st 1895
5 J-J
290,800 July 1 1925
M $300,000 ($100. $500 Interest at Lancaster Trust Co., Lancaster,
c&rtf
Trustee.
& $1,000)
125,000 May 1 1935
Col El L H & P 1st M gold 1905 5 M-N
11125,000 ($1,000)_aka} Int. at People's Trust Co., Lancaster, Trust.
5 -N___ _
254,000 May 1 1958
Conestoga Realty Co 1st Mi 1908
$500.000 sink fund g c__ uI Int. at Lancaster Trust Co., Lane., Trustee.
-Of Conestoga Trac. 1st M. bonds. $610,000 reserved to retire
Bonds.
prior liens, 8112,500 reserved to be used for the reduction of rentals. Of
Lane. Gas Lt. & Fuel 2d M. $300,000 are reserved to retire 1st M. bonds.
Lane. Gas Lt.& Fuel 3d M.bonds are redeemable at 105 and int. on any int.
date on 3 mos. notice. Columbia Gas Co. bonds are red, on any int, date at
105 and int. on 90 days' notice. $125,000 reserved for future improve'ts at
85% of cost thereof. Of Edison Elec. Co. 1st and ref. bonds. $425,000
reserved to retire underlying bonds; $3,575,000 held in treasury for impts.,
exten.,&c.,at85% of cost thereof. Columbia Elec. Lt., H.& P. bonds are
red. at 110 and int. on any int. date. The bonds are guar. by the Lane.
County Ry.& Lt. Co. Conestoga Realty Co. bonds are red, at par and int.
on any hit. date on or after Jan. 11915. upon 3 mos.' notice. Sinking fund
an amount set up monthly sufficient to retire bonds at maturity.
Diridends.-The first dividend on the preferred stock (3%) was paid on
on
again
July 1 1904 and 3% was 3%; paid4% Oct. 1 1904. In 1905, Jan., 3%
%. In 1906.6%%. In 1907,7%;
Dec.,
(see V.79. p. 2796); July,
In 1908 to 1912, incl.. 5%;in 1913, 5%. On corn., in 1908 to 1912, incl.,
in 1913, 12%.
10%;
-For year end. Dec. 31 1913 earns. (less expenses and proREPORT.
'
portion of surplus of sub. cos.), $264,777; bond int., $50,000; pref. thy.,
$50.000; surplus, $164,777.
-The Conestoga Traction Co. (the operating company) leases
ROAD.
163.25 miles of track, including the Lancaster City Street Ry., 16.29 miles,
Lancaster & Columbia, 9.16 miles; Lancaster & Lititz, 9.92 miles; Columbia & Ironville, 4.38 miles; Columbia & Donegal, 5.06 miles; Lancaster &
Mechanicsburg & New Holland, 20.76 miles; the New Holland Blue Ball &
Terre Hill Street By.. 4.99 m.; the Rohreratown Landisville & Mt. Joy Ry.,
13.15 m.; the Lancsater & Eastern By.. 17.84 m.; the Lancaster & Quarry-




-A trolley road.
LANCASTER & YORK FURNACE STREET RV.
-Incorporated July 22 1901 in Pennsylvania. In
ORGANIZATION.
reduced stock from $280,000 to 8170,000 and made $150,000
Feb. 1908
mtge., which see below. V. 86. 13• 480.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$170,400
Stock $170,400 ($50)
150,000 Jan 1 1928
5 g J-J
1st mtg gold $150,000 ($500f 1908
c&rlInt. at Northern Trust Co.. Lane.. trustee.
and $1,000)
-Are not subject to call and have no sinking fund.
Bonds.
-For 12 mos. ending June 30 1913. gross, $32,708; net,
EARNINGS.
after taxes, $6.854; fixed charges, $7,500; deficit, $646.
-Operates 1214 miles of track between Millersville and Pequea.
ROAD.
-lb. T rail. Gauge 5 ft. 2% in.
60
OFFICERS.-Pres.. Meyer Schamberg; Sec. & Treas., W.S. J. wether...
-V.86, p. 480; V. 92, p. 187.
Ill; Gen. Mgr., L. B. Myers.

LEETONIA, OHIO.
-A trolley and steam road.
YOUNGSTOWN & OHIO RIVER RR.
Freight service operated by steam; passenger service by electricity.
-Incorporated in Ohio on Dec. 8 1905. In 1906
ORGANIZATION.
leased for 99 years Salem RR.from Pittsburgh Lisbon & Western RR. Co.
for $6,000 per annum; the former runs between Salem and Washingtonville,
7 miles.
In 1910 road was re-capitalized and new securities issued as below.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Dale.
_ __
Stock common $1,000,000_
$1,000,000-_1,000,000 June '14,1%
Preferred $1,000,000 5% _
- ---=
Q-J
1,000,000 Apr 1 1935
First mortgage $2,500,0001 1910 5 A-0
c* Int. at Citizens' Say. & Tr. Co., Cleveland,
gold ($1,000)
Trustee, or First National Bank, N. Y.
Stock and Bonds.-Pref. stock div. is cumulative after July 1 1913.
subject to call on any int. date after April 1 1915 at 105 and int.
Bonds
Remaining bonds are reserved for acq. and exten. under certain restrictions.
-Dividends on pref. began in 1910 and in that year 114% was
Dividends.
%; In 1913. 3%%• lIn 1914. Mar..
paid. In 1911, 334%; In 1912.
U%;June. 1%.
-For year ending June 30:
REPORT.
Balance,
Bond
Net
Gross
Exp., Taxes
Year ending
Surplus.
Earnings.
et Rentals. Earnings. Interest.
June 30$47,925
$50.000
$97,925
1913-14
3258,581
$160,656
36,697
50.000
86.697
1912-13
245,033
158,336
-Operates from the terminus of the Stark Electric By., in
ROAD.
Salem, Ohio, through the city of Salem to a connection withthe Salem RR,.
and over the Salem RR. from Salem through Washingtonyille. Leetonia.
Lisbon and West Point to East Liverpool, Ohio, a distance of 36 miles.
At Leetonia,0., connection is made with the Youngstown & Southern By..
Owns 32.19 miles of track and leases 6.81 miles. Standard gauge, mostly
-lb. T rail. Pass. equip., 7 cars; freight, 3 locomotives, 15 cars.
70
-P., Geo. A. Stanley; Sec. and
OFFICERS.-Pres., Will Christy; V.
Treas., Chas. S. Thrasher; Gen. Mgr.. J. D. Dewees; Operating Mgrs.,
Warren Bicknell Co.; Auditor, R. F. Miller. General Office, Leetonia,
Ohio.
-V.90,0. 1556; V.91 p. 40, 947; V. 92.o. 457; V. 93. p.873: V. 94,
p.913. 1117; V.95, p. 299; V.96, p. 362,948, 1023, 1420; V.98. p. 74.612,
1001, 1684, 1995; V. 99, p. 409.

LEWISTOWN, PA.
LEWISTOWN & REEDSVILLE ELECTRIC RN.
•
Controlled by the Penn Central Light & Power Co.(V. 943, p. 493) and
operated in connection with it. All of the stock and some of the bonds are
subject to the lien of the mortgages of the Penn Central Lt. & Power Co.
ORGANIZATION.
-Incorporated in Pennsylvania on March 24 1892:
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Stock $150.000 ($50)
$150,000 '07-'08, 5%
1st mortgage gold ($500 and l 1899
5 g J-J
150,000 June 1 1919
c&rIlnt. at Merchants Union Tr. Co.. Phila., Tr.
$1,000) $150,000
2d mortgage gold ($500 and( 1902
5 g M-N
125.000 May 1 1917
nkrlInt. at Com'wealth Tr. Co., Barrisb'g, Tens.
$1,000) 3125.000

66

ELECTRIC RAILWAYS

[VoL. xcrx.

-The lsts are not sub, to call, but the 2ds can be called at par.
Bonds.
Dividends.
-1902 to 1908, inclusive, 5% per annum. None since.
EARNINGS.
-For year end. June 30 1914. gross, 599,856; net, afte
taxes, $13,750; charges. $13,750; balance, none. In 1913. gross, $117,650;
net, after taxes, 513,750; charges. $13,750; balance, none.
-Operates 10.55 miles oftrack from Lewistown to Reedsville and
ROAD.
Lewistown Junc., with a branch to Burnham. 60 and 70-1b. T and 70-1b.
girder rail.
-P., John E.
OFFICERS.-Pres. and Mgr., J. I. Quigley. Lewistown; V.
Zimmerman, Phila.; Sec. and Treas., Chas. Day, Phila., Stmt., C. E.
Gossard, Lewistoan.-V. 88, p• 1128; V. 89, p. 919; V. 96, p. 487.

Bonds.
-The West Ohio 1st M.bonds have no sink,fd. and bonds are not
subject to call. $470,000 have been canceled. See V. 76, p. 160,for agreement among bondholders. Coll. tr. bonds are convertible into 1st pref.
stock and are secured by deposit of $30,000 1st 5s. $475,000 have been
converted. No sink. fd.; red. on Nov. 1 1921 at 110. As bonds are converted, proportionate amounts of the 1st 5s which are collateral will be
canceled.
The Lima Findlay & Tol, bonds have a sinking fund of $10,500 per ann.,
which began in 1911. Are subject to call at 105. $32,000 have been retired. V. 80, /3. 2344.
Dividends.
-On 1st pref. regular quar. divs. are paid. On 2d pref. first
div.,
%,paid Oct. 1910, and same amount quar. to and incl. July 1914.
ROAD.
-Operates from Lima through Wapakoneta and St. Marys to
Celina;from St. Marys to Minster. and from Wapakoneta to Piqua; a total
of 82.01 m.; also Lima to Findlay, 31.97 m.; thus completing a through line
LEXINGTON, KY.
to Toledo. Total, 113.98 m., single track.
KENTUCKY SECURITIES CORPORATION.
-A holding company. 28 passenger. 30 freight and 4 express trail cars.Standard gauge. Operates
ORGANIZATION.
-Incorporated in Virginia on Jan. 23 1911 (V. 92, P•
Lima; V.
OFFICERS.-Pres.,
322) as successor to the Lexington & Interurban Rys. Co. per plan in Sec. & Treas., A. Born.F. D.Carpenter,V. 89.p.-P.,J.0. Wilson, Cleve.;
-V.88, p. 626;
667; V. 90, p. 504, 1426.
V. 92, p. 461. Owns the entire stock of the Kentucky Traction & Termi- 1492, 1615:
V. 91, p. 40, 155, 872; V. 94, p. 1450.
nal Co. and Lexington Utilities Co.

STOCK AND BONDS- Date.
Interest. outstanding. Maturity.
Common $2,500,000($100)$2,031,487
LINCOLN, NEB.
Pref $2,500,000 ($100) 6%}
cum from Jan 1 1913
2,060,000 July'14,1%
THE LINCOLN TRACTION CO.
-A trolley road.
Stork.
-Both corn. and pref. are listed on Phila. and Louisville stock
-Incorporated In Nebraska in 1909. Is a consoliORGANIZATION.
exchanges. Pref. is also listed on Cincinnati Stock Exchange. Pref. dation of the old Lincoln Traction and the Citizens' Ry. Co. V.88. p. 506.
stock is redeemable after 1914 at par and accum. div.
Holders of the old Lincoln pref. stock ($700,000) received 110 in the new
Dividends.
-Initial div. on pref.,
% paid July 15 1913; Oct.,
%• bonds. Holders of the old Lincoln common 4330,000) got,for every share
In 1914, Jan., 13.4%; April, 1%%; July, 1(4%.
of old, two shares of new pref. and four shares of new common. Holders
EARNINGS of combined properties (Ken. Trac. & Term. Co. and Lex. of Citizens' Ry. stock ($415,000) received 100% in new pref. and 80% in
new common.
Util. Co.) for years end. June 30:
Favorable Decision.
-On Jan. 3 1912 Nebraska Supreme Court affirmed
Other Sink.Fund, Bond
Balance,
Gross
Net
June 30.
YearEarnings. Earnings. Income. Taxes, &c. Interest. Surplus. the decision of the lower Court in quo warrant° proceedings by the State,
1913-14
$782,271 $369,761 $32,022 543,249 $201,934 $156,600 refusing to order the cancellantion of $1,500,000 stock, it haying been
31,042
194,225
146,049 claimed the same was "pure water." V.94,p. 912;see also V.93,p. 1363.
1912-13
742,884 341,505 29,941
STOCK AND BONDS- Date.
OPERATIONS.-Constituent companies operate about 93 miles of track.
Interest. Outstanding. Maturity
M-S
They do the electric-light and power, gas, street railway and ice business of Common $2,000,000($100)_-$1,652,000 Sept'14,1
Q-F
Lexington. Also operate city lines in Frankfort and lines radiating from Pref $1,500,000 ($100)6% cu_
1,113,100 Aug'14,1
Lexington to Georgetown, Paris, Nicholasville, Versailles and from Frank- 1st mortgage 51,500,000 gold! 1909 5 g J-J
1,188,000 Mar 1 19
c&rtflInterest at New York Trust Co., trustee.
fort to Versailles.
41,000)
250,000 Jan 1 1920
-P., John A. McCarthy; Sec. Sr ON Lincoln Traction M g $1.- 1899 5 g J-J
OFFICERS.
-Pros., P. M.Chandler; V.
c*tf Interest at New York Trust Co., Trustee.
000) (5250,000)
Treas., J. K. Trimble.
-V.92, p. 1436; V. 93, p. 286, 1191; V. 94, p. 1185;
V. 95, p. 176; V. 99. p• 538.
Bonds.
-Of the new Lincoln Traction Co. bonds, $250,000 are reserved
for prior liens and $62,000 are for extensions and impts. at 85% of cost.
(1) Kentucky Traction & Terminal Co.
Dividends.
-1M% paid quar. on pref.from May 1 1909 to Aug. 1 1914
ORGANIZATION.
-Incorporated in Kentucky on May 18 1911 as a con- 1914, inclusive. On common,2% paid Sept. 1912, 1% paid Mar. 15 1914
solidation of the Lexington Ry., Bluegrass Trac. Co. and Central Kentucky and 1% paid Sept. 1 1914.
EARNINGS.
Traction Co. V. 92, p. 1436. The entire stock is owned by Kentucky
-For year ending June 30 1914, gross, $855.664; net.
Securities Corp. Franchises perpetual except those on 1 mile in Winchester $241,370: int., taxes, & diva.. $189,518; surplus, $51.852.
expiring in 1927.
ROAD.
-Owns 54.59 miles of track.
-The strike which began on July 11 ended on July 16, the comStrike.
OFFICERS.
-Chairman of Board, W.E. Sharp; Pres., W.II. Ferguson;
pany having agreed to recognize the union and to reinstate the strikers.
V.
-P. & Gen. Mgr., J. M. Bramlette; Sec., J. H. Humpe; Treas., S. H.
Interest. Outstanding. Maturity. Burnham; Asst. Sec., 0. J. Shaw.
STOCK AND BONDS- Date.
-V.88, p. 506; V. 90, p. 1363; V. 91,P•
$2,202,000
Stock $2,500,000($100)_
94; V. 94, p. 912: V. 97, p. 521, 1898.
-A
2,227,000 Feb 1 1951
1st & ref mtge $7,500,000 g 1911 5 g F
c* int. at Commercial Trust Co., Phila., Trust.
($1,000) guar p & i
OMAHA LINCOLN & BEATRICE RY.
18,000
See text.
Passenger & Belt first mtge 1891 6g -0
miles between Lincoln and Omaha, of which 7 miles
Is
$200,000 (51.000)_ _ _ _ _ Int. at Amer. Tr.& Say. Bk., Chic., Trustee. from to construct 56
Lincoln to Bethany Heights is completed and in operation. Of the
1,401,000 June 1 1949
Lex Ry first mtge $1,500,000 1899 5 g J-D
c* Int. at Continental Tr.Co., Baltimore,Trus. 7 miles just mentioned, 3 of a mile is an extension into the main business
gold ($1,000)
-lb. T rail. Franchises.
294,000 Mar 1 1934 centre of University Place. Standard gauge. 70
Blue Grass 1st mtge $700,000 1904 5 g M-S
gold (5500 and $1,000)_c&r Int. at Cleveland Tr. Co.. Cleveland, Tills. 99 years and perpetual. Furnishes electric light and power to village of
Georgetown & Lexington first 1901
5 g M-N15 200,000 Nov 15 1921 Bethany. Stock authorized, $2,250,000 (3100); outstanding, $200,000.
mtge $250,000 gold ($100, Interest at Cincinnati Tr. Co., Trustee, and In March 1913 the Nebraska Ry.Comm. granted permission, with certain
conditions, to issue $850,000 stock and $2,250,000 bonds to complete the
c&r
at Standard Trust Co., NewYork.
$500 & $1,000)
amended its order so as to make restrictions and
Bonds.
-Of the 1st & ref. bonds, $1,913,000 are reserved to retire prior road, and subsequently
definite.
liens and remainder for extensions, improvements, &c., at not exceeding specifications more
EARNINGS.
-For 12 mos. end. June 30 1913. gross, $23,752; net.
90% of cost under certain restrictions. They are redeem, as a whole on
Feb. 1 1914 or any int. day thereafter, or in part for sink, fund on any int. small deficit.
day after Nov. 11921. at 105 and int. Bonds are guar., p.& I., by encl, by
OFFICERS.-Pres., Harvey Musser; Sec. & Treas., H. S. Norton.
the Kentucky Securities Corp. Sinking fund % per ann. of bonds out., Office, 1400 "0" St., Lincoln.
1921 to 1930; 15' 1931 to 1950. V. 92, p. 1564 The bonds are listed on
Phila. Stock Exchange. V. 94, p. 1119. $18,060 Lexington Ry. bonds are
reserved to retire Pass. & Belt bonds. Sink,fund will retire 1W, of bonds
LITTLE ROCK, ARK.
ann.; $82,000 were held in sk. fund Jan. 11914. Pass. & Belt Ry. bonds
mature $15,000 annually to Apr. 1 1915.
LITTLE ROCK RAILWAY & ELECTRIC CO.
Co. (see under New Orleans) owns 80.87% of corn. and
Amer. Cities
-Operates approximately 93 miles of track, comprising all street
ROAD.
railways in and about Lexington, 15 miles, and 8 miles of city line in Frank- 80•12% of pref. stocks.
fort and Winchester; also interurban lines radiating from Lexington to
ORGANIZATION.
-Incorporated in Arkansas on March 17 1903 and is a
Georgetown, 12 miles; to Paris, 18 miles: to Frankfort, 28 miles. and to consolidation of the Little Rock Traction & Electric Co. (granted a new
Nicholasville, 12 miles. 50 to 80
-lb. rails. Standard gauge. Owns 39 franchise on Sept. 28 1901 for 50 years; V. 73, p. 784), and the Little Rock
closed and 17 open cars. 15 interurban passenger and 3 express cars and Edison Electric Light & Power Co. (franchise unlimited). Operates all
4 miscellaneous cars.
street railways in city and all commercial electric lighting; also a portion of
OFFICERS.-Pres., Percy M. Chandler, Phila.; V..P., F. W. Bacon. the commercial lighting in Argenta and Pulaski Heights, Ark. Power & DeIn the latter part of 1912 acquired control of the Garland
Lexington; Sec., T. D. Murray. Lexington; Asst. Sec.. James K. Trimble,
45 miles
Phila.; Treas., J. Will Stoll, Lexington; Asst. Treas., James W.McMeekin, velopment Co., which controls water powers on Ouachita River,of 28,000
Lexington.
-V. 92. p. 1178, 1436, 1564; V. 94, p. 631, 826, 1119; V. 95 from Little Rock. Hydro-electric developmentswith a capacity
h. p. are contemplated. V. 95, p. 1746.
p. 1472: V. 97, p. 237.
Interest. Outstanding. Maturity
STOCK AND BONDS- Date.
(2) Lexington Utilities Co.
semi-ann $1,500,000 July'14, 5
Common 31,500,000 (3100)
6 J-J
ORGANIZATION,&c.-Incorp. on June 5 1909. Stock auth. and out, Pref6% cum $750,000 ($100)_ ____
750,000 July'14, 3 ,
5100,000. All stock is owned by Kentucky Securities Corp. Does ice and First mtge 32,000,000 gold
3
electric-light and power and gas business in Lexington. Light and power
c* Interest at Corn, Germania Trust & Savings
:
(51.000)
Bank, New Orleans, Trustee.
franchises expire in 1916. Gas and ice franchises are perpetual.
Refunding and extension mtg 1908 6 g A-0
1,279,000 Apr 1 1938
$5,000,000 ($500 and $1.-Int. at Bank of Commerce & Trust Co.,
Memphis,Tr.,or Standard Tr. Co. N.Y
c*
id
000)
LIMA, OHIO.
-Preferred stock is redeemab e at 110 and accrued dividend.
Stock.
WESTERN OHIO P.R.
-First mortgage bonds are subject to call on 60 days' notice on
Bonds.
-Incorporated in Ohio on June 7 1910 to take over any interest period at 10734. Sink,fund of % of 1% of outstanding bonds
ORGANIZATION.
under lease the Western Ohio Ry. Lease provides that Western Ohio RR. 1908 to 1917; 1% thereafter. On July 31 1914, 367,000 were held In sk. fd.
pay prin. & int. on Western Ohio Ey. bonds as well as div. on both 1st The refund. & extension bonds cannot be called; $2,000,000 are reserved to
and 2d pref. stocks of that company and an annual rental of $15,000. Hold- retire 1st 5s and remainder for 80% of cost of additional property if net
ers of corn. stock of Western Ohio Ry. had right to exchange before Jan. 1 earns. for 12 mos. previous have been twice the annual int. charges on out1911 their stock for stock of Western Ohio RR. on basis of 3 shares of Ry. standing bonds,incl.thoseto be issued. A sinking fund of )4 of 1% on out
for one share of RR. V. 90, p. 1556. On June 30 1914 29.278 shares had standing bonds commencing Aug. 1 1913 is to be invested in these bonds at
been exchanged. Stock auth., 51,000,000; issued, 3972.600.
not higher than a 434% basis, bonds to be kept alive in fund. On July 31
1914 $12.000 were held in sinking fund. The first $1,000,000 issued as
-For fiscal year ending June 30:
EARNINGS.
-Dividends- Balance, 6s; rate on subsequent bonds to be at discretion of baord of directors at
Net (after
Gross
Earnings. Taxes). Interest. 1st Pref. 2d Prof. Surplus. not exceeding 6%. See full particulars regarding bonds, property, &c..
Year$608,972 $235,617 5151.504 532,492 $27,000 584,112 in V. 87, p. 414.
1912-13
Dividends.
-On pref.,6% per annum paid up to and including J u1y1914.
34,597
158,916 20,177 27,000
240,690
597.776
1911-12
2%;1907,4;1908.4(4%: 1909,8%; 19!0.8%. In 1911,
-P., M. J. Mandelbaum, On corn., 1906.and 1913.10%. In 1914,Jan.,5%;July,5%.
OFFICERS.-Pres., J. L. Wolf. Cleveland; V.
Treas., 20%. In 1912
-P. and Gen. Mgr., F. D. Carpenter, Lima; Sec. &
Cleveland; V.
-For calendar years (pass, carried in 1913, 14,092,908);
EARNINGS.
Lang.
-V. 92, p. 1376; V. 93, p. 287.
H. C.
Int.&oth.
Dividends
Net. deduc'ns.
Surplus.
Year- Gross.
(1) Western Ohio Ry.-A trolley road.
pref.$45,000' com.5150,000 $18,154
-incorporated in Ohio on Oct. 111900. This is one 1913-5894,460 $382,787 $169,633 pret.
ORGANIZATION.
45,000 corn. 150,000 46,473
874,527 398,986 157,513
service from 1912-- of the Mandelbaum roads and forms a link in the through carright-of-way. 1911-- - 868.874 417,671 139,733 pref. 45,000 corn, 150,000 82,938
Cleveland to Lima. Outside of municipalities has private
_ 772,244 379,774 140,397 pref. 45,000 corn. 142,500 51,877
1910
common
Franchises in towns are for 25 years. Owns entire 157. 381.and pref. stock 1909 720,371 366,378 133,252 pref. 45,000 com. 97,500 90,626
Has contract
97,
of the Lima Findlay & Toledo Ry. V. 83, p. Toledo Traction, Ft. Wayne
Lima Sr
-Operates 37.28 miles of track, including 12.64 miles of doubleROAD.
to furnish power until April 30 1923 to
Traction.
-lb. and over. 26 open, 37 closed, 22 semi-convertible and
track. Rails,65
Van Wert & Lima Traction and Indiana Columbus& Eastern40.
7 work cars: total, 92. Operates Forest Park, located abour 6 miles from
Is leased to Western Ohio RR. V. 90, p. 1615; V. 91, p.
in April 1913 applied to Ohio Pub. Serv. Comm.for auth. to issue 350,000 the centre of the city.
extensions.
2d pref. stock to reimburse company for betterments and
OFFICERS.-Pres., W. M. Icavanaugh; V.
-P., D. H. Cantrell; Treas.,
Interest. Outstanding. Maturity & Gen. Mgr., Chas. J. Griffith; Sec., G. B. Rose: And., W. J. Tharp.
-V.
STOCK AND BONDS- Date.
330,000
92, p. 701; V. 93. p. 1725; V. 95, p. 1746; V. 96, p. 1022; V. 97, p. 1898.
Common 230,000 ($1)----See text.
475,000
Q-J
1st pf 5500,000 ($100)7% cum
450,000 Jly'14,1%%
Q-J
2d pf $500,000 (5100)6% cum _-__
2,500,000 Nov 1 1921
5 g M-N
1st M 33,000.000 g ($1,000)f 1901
LONG BRANCH, N. J.
per m____c*&rtf_ -{Int. at Cit. Say. & Trust Co., Cleveland,
$26,500
Trustee, or First National Bank, N. Y.
MONMOUTH COUNTY ELECTRIC CO.
25.000 July' 1 1930
6%
Collateral trust mortgage 1910
ORGANIZATION.-Incorrated April 1 1901 as a reorganization of
tf Cleveland Trust Co., Trustee.
$500,000
Bank & Long Branch Electric Ry. In April
368,000 July 1 1925 the Atlantic Highlands Red franchise to operate in Long Branch, in conL F & T 1st mtge $600,000 1905 5 g J-5
-year
1903 was granted a 45
gold ($1,000)
ctf1 Int. at Citizens' Say. & Trust Co., Cleve- sideration of which the town is to receive 34 of I% of gross receipts.
New York.
land, Trustee, or in




SEPT.,1914.]

ELECTRIC RAILWAYS

67

Of the new $10,000,000 mtge., $2,086,827 are deposited as collateral for
Interest. Outstanding. Maturity. '
STOCK AND BONDS- Date.
loans from Interborough Rapid Transit and $3,065,000 are reserved for
$325,000
Stock $500,000 ($50)
500.000 Apr 1 1951 prior liens. No sinking fund and bonds are not subject to call. Under the
4 g J-J
First mtge $500,000 ($1001 1901
and $1,000) gold
c*fInt. at Hamilton Tr. Co., Brooklyn, Trustee. N.Y.& Queens Co. 1st cons. M.there were originally $2,500,000 bonds out100,973
tsanding, but the company having defaulted in payment of int., reorganizaOther debts Dec 31 1912_ _ _ _ _ --- ------ROAD.-Operates in and between Red Bank and Long Branch and from ; tion was made, under which the holders surrendered $1,200,000, interest
Bank to Oceanic. Total track, 17.71 miles.
Red
I was reduced to 4%,and the Mercantile Trust Co.,N. Y., was made the new
EARNINGS.
-For calendar year 1912, gross, $101,378. In 1911, gross, trustee. The said bonds are redeemable at 105 and int. V. 69, p. 906.
$103,513: net, $32,174.
I
ROAD.
-The system, with the Queens Railway, embraces 73.27 miles of
-V.72, p. 86, 391.
OFFICERS.-Pres., William F. Hogan, Brooklyn.
trolley track,including main line, 36.92 miles; second track, 29.01; sidings.
7.34. Rails 77 to 107 lbs., standard gauge; 276 pass. cars, 36 others.
REPORT.
-For fiscal years ending June 30:
LONG ISLAND CITY, N. Y.
Gross.
Net. Other Inc. Int.&Taxes. Deficit.
LONG ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
1913-14
$1,361,880 $209,019 def.$286 5337,261 5128.528
114,718
ORGAN1ZATION.-Entire stock is owned by the Long Island RR. In- 1912-13
339,415
1,372,831
225,082 def. 385
majority of stock of the Huntington RR.
OFFICERS.-Pres., W.0. Wood: V.
-P., W. L. Pepperman; Sec., H.
corporated in New York and holds
and entire stock of the Ocean Electric Ry., the Northport Traction Co. M.Fisher; Treas., J. H. Campbell.
-V.83, p. 752; V. 84, p. 804; V. 86,
(2.69 miles). the Nassau County Ry. and the Glen Cove RR. Also owns p. 548; V. 88, p. 375.
ono-half the stock (the Interborough Rapid Transit Co. owning the other
half) and bonds of N.Y.& L. I. Trac. and Long Island Elec. By.
MANHATTAN & QUEENS TRACTION CORPORATION.
Interest. Outstanding. Maturity.
ORGANIZATION.-Incorp. in N. Y. on Nov. 4 1912 to take over the
STOCK AND BONDS- Date.
rights of the South Shore Trac. Co.in New York City (see under Patchogue.
All owned by Long Island RR.
Stock $25,000 ($100)
1945
434
Coll trust bonds $10,000,0001 1905 Mtge. g Trust NoneN. Y.. Trustee. and also under Manhattan & Jamaica By. in V. 95, p. 1207, 420; V. 94.
p. 1696.)
Co.,
&
ntf113. S.
gold, guaranteed
Has asked P. S. Comm. for permission to issue $1,500,000 stock and
principal and interest, by Long Island RR.
-Are guaranteed,
Bonds.
-P.,C.L.Addison; Sec., Frank E. $1,500,000 1st M.5% bonds, but on March 10 1914 the P. S. Comm.authOFFICERS.-Pres.,Ralph Peters; V.
-V.83. p. 890.
orized only $765,000 capital stock and this must be issued by June 30
N. Y.: Treas.. J. F. Fahnestock, Philadelphia.
Half,
1914. Action on the bond issue was deferred until the company shall
have filed its proposed mtge. for $10,000,000 with the consent of stock(1.) Huntington RR.
-Chartered May 13 1890. Majority of stock is holders. V. 96, p. 790; V. 98, p. 523.
ORGANIZATION.
owned by Long Isl. Consol. Elec. Cos. All the bonds are owned by L.LEE.
ROAD.-Has a franchise in the City of New York to operate a street
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
surface railroad over the Queensboro Bridge from the Manhattan terminal
$30,000
Stock $30,000 ($10)
26,000 June 1 1920 thereof, along Thomson Ave., Hoffman Boulevard. and other streets and
$30,000 ($500)1 1890 5 J-D
First mtge
c Int. at U. S. Mtge. & Trust Co., New York, avenues in the Borough of Queens to the boundary line between the City
guar p &
of New York and the County of Nassau, together with the right to operate
Metropolitan Trust Co., Trustee.
-Owns and operates a cross-island line from Huntington to upon the Queensboro Bridge. The line has been completed to the Long
ROAD.
Amityville, via Farmingdale, 18.6 miles. Opened for traffic Aug. 25 1909. Island RR.station in the former village of Jamaica and cars are in operation
to that point.
V. 89, p. n3.
OFFICERS.-Pres., Robt. S. Sloan; V.
-P., Harold B. Weaver; Sec..
(2) Ocean Electric Ry.
ORGANIZATION.
-Incorporated May 1 1897. Entire stock is owned Treas. & Gen. Mgr., S. B. Severson; Asst. Treas. & Asst. Sec., G. .1.
-V.95. p• 1207,1274; V.96, p. 360, 790,863; V. 98, p. 523.
by Long Island Consol. Elec. Cos. All the bonds are owned by Long Island Johnstone.
RR. On Sept. 21 1898 acquired Rockaway Village RR. Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
LOS ANGELES, CAL.
($100)$35,000
Stock $50,000
20.000 Apr 1 1918
5 A45
First mortgage $20,000_ _ _ntf 1898
PACIFIC ELECTRIC RAILWAY.
-Owns 8.42 miles ni first track, 25 passenger cars and 3 others.
ROAD.
All the stock except directors' shares is controlled by Southern Pacific Co.
Mr. H. E. Huntington owns considerable amounts of the various bond
(3) Long Island Electric Ry.-A trolley road.
In Jan. 1906 control passed to the Interborough Rapid Transit Co. and Issues of this company,and has pledged them as security under the Huntingthe Long Island Consolidated Electrical Companies, each owning one-half ton Land & Improvement collateral trust issue.
ORGANIZATION.-Incorp. in California on Sept. 1 1911 as a merger
the stock and bonds.
-Chartered March 13 1897 as New York & North of the following subsidiaries of the Southern Pacific Co.(V. 93, p. 667):
ORGANIZATION.
San Bernardino Valley Traction Co.
On Oct. 11 1899 was consolidated with the former Long Island Pacific Electric By.
Shore By.
Los Angeles Interurban
Redlands Central By.
Electric Ry., new company having $2,100,000 capital stock and $2,100.000 Los Angeles & Redondo Ry.
By.
San Bernardino Interurban By.
bonds. On May 7 1902 the lines north of Jamaica were sold under fore- Riverside & Arlington By.
Los Angeles Pacific Co.
closure to the Queens Ry. Co.. which company was then merged in the
San Bernardino Line Opened.
-The
from Los Angeles to San BerAug. 28 1903 old name of "Long
New York & Queens County By. On Aug. 1909 stock was reduced from nardino, 59 miles, was opened on Julyline1914. See details of road. &c..
11
Electric Ry." was resumed. In
Island
by cancellation of $1,500,000 stock originally issued in V. 99, P. 467.
$2,100,000 to $600,000
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
to represent the piece of road which subsequently became the Queens Ry.
$100,000,000
and now farms part of the N. Y.& Queens County Ry. V.59, p. 42, 593. Stock $100,000,000 ($100)25,373,000 Sept 1 1961
5%
Interest. Outstanding. Maturity. First ref mtge $100,000,000 1911
STOCK AND BONDS- Date.
gold
tf Int. at U.S. Mtge.& Tr. Co., N. Y.,Trustee
3600,000
Stock $600,000 ($100)8,439,000 Jan 1 1942
600,000 June 1 1925 Pac El Co 1st mtge $10,000,- 1902 5 g J-J
L I Elea 1st M $600,0001 1895 5 g J-D
000 gold ($1,000)---c_ntf lInt, at Union Trust CO., San Fran., Trustee.
c*.tf'Int. at Hamilton Tr.Co., Brooklyn,Trustee.
($1,000)
5 g J-J
950,000 Jan 1 1928
net, after Los Ang & Pas El By M $1,- 1898
-For year ending June 30 1914, gross, $246,563:
EARNINGS.
000,000 g guar ($1,000) c* Int. at Ill. Tr. & Say. Bk., Chic.. Trustee.
taxes. $2,404. In 1913. gross, $234,214; net, after taxes, $19,378.
Can be called at 105_ _ - ntf
or at Chase Nat. Bank, New York.
-Comprises 26.56 miles of track on 17.34 miles of road from
ROAD.
500,000 June 1 1930
Crescent Avenue,Brooklyn (at the terminus of the Kings County Elevated), Pas & Mt L 1st M $500,000 1900 4 g J-D
gold (51,000)
c5_ ntf Int. at Union Trust Co., San Fran., Trustee.
to Jamaica. Hollis and Queens, and from Jamaica to Far Rockaway. 37
Callable at 104 and interest
or Chase Nat. Bank, New York.
818; V.88,p. 101; V.89,P.42,593.
-V.83.P.
passenger cars and 8 others.
Cal Pacific By 1st mtge gold l_ 1901
5 g J-J
480,000 July 1 1941
,
-A trolley road.
41.000) guar
c ntf!Int. at Tit. Ins. & Tr. Co., Los Ang. Trustee
(4) New York & Long Island Traction.
10,000 June 101928
June 20 1905 control was purchased jointly by the Interborough Los Angeles-Pacific RR first 1898 5 J-D
On
mortgage gold
ntf Int. atIrway Bk.& Tr.Co.,LosAng.,Trustee.
Rapid Transit Co. and the Long Island Consol. Elec. Cos. V.80, p. 2622.
1901
5 A-0
1,465,000 Apr 1 1931
-This was formerly the Mineola Hempstead & Free- Los Ang-Pac RR 1st con mtge Int. at B'way
ORGANIZATION.
$1,500.000 g ($1.000)- - ntf
Bk..kTr.Co.,LosAng.,Trustee.
port Traction (incorp. Feb. 27 1899), but name changed as above Sept. 22 Los Ang Her B & Red 1st Ml 1902
5 g M-N
74,000 May 1 1942
increased from $125,000 to $1,000,000.
1902, and stock
$500,000 gold ($1,000)- ntf JInt. at Tit. Ins. & Tr. Co., Los Ang., Trus.
-On June 15 1912 P. S. Comm., 2d Dist., decided that Los Angeles-Pacific RR first 1903 5 g M-S
Fare Decision.
3,313.000 Sept 1 1943
1
-cent fare
company is not obliged under its franchise to limit itself to a 5
and ref mtge 55,000,0001 Int. at Los Angeles Trust Co., Trustee, or at
between Hempstead and Belmont Park. V. 94, p. 1696.
c ntfl U. S. Mtge. & Trust Co., New York.
gold (81,000)
See suit against the company in which County Judge James P. Niemann Los Angeles Pacific Co gent 1906
5 g J-J
1,263,000 Jan 2 1946
franchise, could not charge more than
held that the company, under its
consol mtge $12,500.0001Int. at Union Trust Co., San Fran., Trustee.
-mile ride, in V. 99, p. 407.
10 cents for a 10
gold ($1,000) sinking fundl or at Farmers' & Mech. Nat. Bank, Los
Interest. Outstanding. Last Die.
cy_ ntif 1 Angeles, or Chase Nat. Bank, New York.
STOCK AND BONDS- Date.
, 0
8,298,000 Jan 1 1950
Common, $750,000 ($50)--------$750 00
Ang-Pac Co 1st ref mtge 1910 4 g J-J
250,000 No diy. yet Los
Pref 5% cum $250,000 ($50)$20,000,000 g ($1,000) cttl Int. at Union Trust Co. of San Fran., Trus.
500,000 Jan 15 1932
First mtge $1,000,000 gold 1902 4% g M-N 1,000,000 Nov 1 1942 Los Ang & Redondo 1st mtge1 1902
5 g J-J
c&r_ntf Int. at Citizens' Say. & Tr. Co., Cleveland,
($1,000)
$500,000 g (51.000)_c*-ntf, Int. at Union Trust Co., San Fran.,Trustee.
Trustee, or at First National Bank, N. Y. Riverside & Arlington 1st M 1899 4 F 14
200,000 Aug 14 1919
-A
Bonds.
-Are subject to call at 107 on 30 days' notice, but no sinking fund.
Int. at Union Trust Co.,San Fran., Trustee.
gold
44,000 Oct 1 1931
5 A-0
EARNINGS.
-For year ending June 30 1914, gross, $408,729; net, after San Bernard Vail Trac 1st M 1901
ntf Int. at Title Ins.&Tr.Co.,Los Ang.,Trustee.
taxes, $25,160. In 1913, gross. $403,905; net, after taxes, $4,966.
gold
833,000 Sept 1 1933
5 g M-S
ROAD.
-Operates an electric line connecting Mineola. Hempstead and San Bernardino Valley Tr 1st) 1903
& ref mtge $1,000,000 gold }Interest at Los Angeles Trust Co., Trustee.
Freeport, 7.84 miles. Also or erates line from Hempstead west 5.58
sink fund ($1,000)c*&r.nd
miles to Queens, where connection is made with the tracks of the Long
50.000 Aug 1 1919
Island Electric By. Co. Also a line 17.01 miles long from Freeport westerly Redlands Street Ry first mtgel 1899 6 F-A
via Rockville Centre, Lynbrook and Valley Stream, to a connection with the
ntf Int. at Title Ins.& Tr.Co.,Los Ang.,Trustee.
gold
27,000 Sept 1 1931
Kings County Elevated By. at Brooklyn. Also a line from Queens to Redlands Street Ry first mtge 1901
5 M-S
Mineola via Jericho Turnpike, 5.86 miles. Total, 36.29 miles. Total,
ntf nt. at Title Ins.& Tr.Co.,Los Ang.,Trustee.
gold
including second track, 41.31 miles. 30 passenger and 10 other cars.
110,000 July 1 1937
5 J-J
Redlands Central By 1st mtg1 1907
ntf Interest at Los Angeles Trust Co., Trustee.
gold
OFFICERS.-Pres., C. L. Addison, Penn. Sta., N. Y.; V.
-P. & Gen.
Mgr.,W.0. Wood,Long Island City, N.Y.; Sec.& Treas., Frank E.Haff,
-Pacific Elec. Ry. 1st ref. mtge. are to provide funds to retire
BONDS.
Penn. RR. Station, N. Y.
-V. 84. P. 868: V. 88, p. 101;V. 94. p• 1696; underlying bonds; also for acquisitions and for corporate purposes. Bonds
V. 99, p. 407.
are to bear interest at such rate or rates as may be fixed at time of issue
-S.
by directors, not exceeding, however, 5% per annum. Int. M.
NEW YORK & QUEENS COUNTY RY.
-A sufficient amount is reserved to retire
Pacific Elec. Co. 1st Mtge.
32,048 shares out of total issue of 32,350 is owned by the Interborough prior issues. Sinking fund is $5,000 per annum, commencing Jan. 1
Rapid Transit Co., which also owns one-half of the stock of the Long Island 1907, for 5 years; then $10,000 per annum to Jan. 1 1917; $15,000 per
Electric Ry. and the New York & Long Island Traction.
annum to Jan. 1 1922; $20,000 per annum to Jan. 1 1927; $25,000 per
ORGANIZATION.
-Incorporated June 29 1896 and reorganized on annum to Jan. 11932: $30,000 per annum to Jan. 1 1937 and $35,000 annuJune 30 1899. Purchased the various lines of railroad in Long Island City ally thereafter, said sinking fund to be used in purchase of the bonds, but
known as the Newtown By. Co., the Riker Ave.& Sanfords Point RR., th fund may be invested in other securities if bonds cannot be obtained at par.
Los Angeles & Pasadena 1st Mtge.
Steinway By., the Long island City & Newtown By. and the Flushing &
-Bonds bear the guaranty of the Los
College Point Ry. In May 1902 the Queens By. was consolidated with it, Angeles By. by endorsement. A sinking fund of $10,500 per year on those
and thereupon increased its stock from $2,500,000 to $5,000,000. The bonds began Dec. 1 1908 and bonds may be called at 105 on any int. date.
Pasadena & Mt. Lowe bonds are guar. p. & I. by both Los Angeles By.
Queens By. succeeded to the property sold at foreclosure of the New York
& North Shore By. comprising a line of 6 miles from Flushing to Jamaica, and Los Angeles & Pasaden iRlec. By. A. sinking fund for those bonds bewith franchises for lines between Flushing and College Point, Flushing and gan 10 years from date of bonds of $5,000 per ann. for first 5 years. $7,500
per ann. for second 5 years, $10,000 per ann, for next 5 years and $12,500
Bayside and Manhasset. V. 74, p. 1197.
The new Queensboro Bridge across Blackwell's Island was opened in per ann. for remaining 5 years.
California Pacific By. 1st Mtge. is for no stated authorized amount, but
1909. On Sept. 19 1900 the City of New York's munipipal trolley across
the bridge began operation. The round trip fare is 5 cents. On Dec. 16 is limited to $20,000 per mile of completed track. No sinking fund and
1909 New York & Queens County Ry. was granted a permanent franchise bonds cannot be called. Guar. p.& I. by Los Ang. Trac. Co.:see V. 75, p.76.
Los Angeles-Pacific RR. 1st & Ref. Mtge.
-Sufficient bonds are reserved to
to run cars over the bridge. Operation began on Feb. 5 1910. V. 90,
p. 373. Through passengers only are carried across the bridge and no extra retire prior liens. A sinking fund began in 1908, to which $50,000 per ann.
is payable first 5 years. $60,000 per ann. next 5 years, $70,000 per ann.
fare is charged.
Interest. Outstanding. Maturity. next 5 years,$80,000 yearly following 5 years,$90,000 per ann. next 5 years,
STOCK AND BONDS- Date.
$100,000 yearly following 5 years and 8150,000 per ann. thereafter. Not
$3,23000
55 00
: 0
Stock $5,000,000 ($100)_
1925 subject to call.
5 g J-D
Flushing & College Point 1st 1895
Los Angeles Pacific Co. Gen. Consol. bonds have a sink.fund,1911 to 1915,
mortgage 350,000 gold__ _ _ New York Trust Co., Trustee.
150,000 Dec 1 1924 $10,000 per ann.: 1916 to 1920, $15,000 per ann.; 1921 to 1925, $40,000
5 g J-D
Newtown By first mortgage 1894
ann.: 1926 to 1930.575,000 per ann.; 1931 to 1944,$80.000 ann., and 1945
New York Trust Co., Trustee.
$150,000 gold
1,500.000 July 1 1922 to 1946, $90,000 per ann. Of the $12.500,000 auth., $5,000,000 are reSteinway By first mortgage 1892 6 g J-J
$1,500.000 (51,000) g__ _0 Int. at Morton Trust Co., N. Y. City, Trus. served for prior liens.
Los Angeles Pacific Co. 1st Ref. Mtge.
-Subject to call as a whole or in
1,300,000 Oct 1 1946
4 g A-0
& Queens County 1896
New York
part on
first consol mtg $3,000,000 Mercantile Trust Co., New York, Trustee. notice. and after Jan. 1 1915 on any int. date at 105 and int. on 3 months'
Int. also payable at company's office or agency in Newyork.
Interest at office of company, New York.
gold $1.000 each
See text Nov 1 1936 Sinking fund of $5,000 per annum. 54,481,000 of the bonds are guar.
4 g M-N
First & refunding mtge,$101 1906
.
p. &I., by Southern Pacific Co.; remaining $3,817,000 bonds held in South000,000 gold ($1,000)-- _c* Windsor Trust Co., New York, Trustee.
ern Pacific Ry.'s treasury.
2,086.827
Currentliabilities Dec 31 191




68

ELECTRIC RAILWAYS

San Bernardino Valley Traction 1st & Ref. Mtge. bonds are subject to call
at 105.
EARNINGS.
-For year ending June 30 1913, gross, 19,605,879; net,
/2,807,872; bond interest. $2,528,353; surplus, $279,519.
ROAD.
-Owns 268.85 miles 2d main track, 270.71 miles double main
track. 11,41 miles four main track and 113.49 misc. Total road. 550.97
miles, equal to 972.02 miles of single track, of which 724.68 miles are on
private right of way and 247.34 miles on public highway. In addition,
line from Los Angeles to San Bernardino. 59 miles, opened July 11 1914.
14 electric locomotives. 579 pass. cars. 1,154 freight cars and 72 service cars.
OFFICERS.-Pres., Paul Shoup. San Francisco; Sec., H. A. Culloden,
Los Angeles; Treas., I. W.Hellman,San Francisco. General offices.Pacific
Electric Bldg.. Los Angeles.
-V.93. p. 667, 872, 1463; V. 95, p. 298. 750,
V.96,p.203, 1298, 1365, 1773; V.97, p.522; V.99, p.467.
LOS ANGELES RAILWAY CORPORATION.
The entire $25.000.000 stock, except directors' qualifying shares,
is
owned by Mr. H.E. Huntington,and,along with certain amounts of different bond issues of this company and the Pacific Electric By.,is
security for the Huntington Land & Improvement collateral trustpledged as
issue-see
V. 98, p. 527.
ORGANIZATION.
-A new company, the Los Angeles By.Company,organized by merger of Los Ang. Ry. Corporation and its subsidiary
the City
By. co. of Los Ang. (V. 91, p. 1776; V. 97 p. 1733). The
Railway Corporation was incorporated In California on Nov. 7 Los Angeles
1910 as successor to the Los Angeles Ry. and acquired all the city
owned by the Pacific Electric By. and the Los Angeles narrow-gauge lines
Interurban By., and
those portions of the Los Angeles & Redondo Ry. and the California
-Pacific
By. Co. lying north of an east-and-west line running through
and Athens, thus comprising all the street railway business of Hawthorne
Los Angeles.
V.91.p. 1386. More than F5 miles of track is on private
right
main line and practically all down-town line franchises extend of way. All
beyond 1940.
New Mortgage.
-The new company (Los Angeles
bond issue, it is understood, limited to $50,000,000.By. Co.) will make a
of
will be used to retire outstanding indebtedness of the which $23,544,000
merged and $26,456,000 for improvements, &c. See companies recently
V. 97, p. 1733, and
V. 98. p. 527
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock 525,000,000
Los Angeles Ry Corp 1st Ss ref) 1910 5 g J-D 125,000,000
$14,085,000 Dec
M 520.000,000 g ($1,000) Los Angeles Trust & Savings Bank, 1 1940
Trustee.
sinking fund
c51
Los Ang By M 55,000,0001 1899 5 g A-0
4,852.000 Oct 1 1938
gold ($1.000 each)
c*'Int. at Union Trust
Los Angeles Trac 1st mtgej 1895 6 g M-N Co.,San Fran., Cal.. Tr.
250.000 May 1915
$250,000 gold ($1,000)_ _ 1St. Louis Union Tr. Co.. St. Louis, Trustee.
Los Angeles Trac 1st cons M 1 1898
5 g J-D
250.000 Dec 1 1938
gold $250,1)00 (11,000)_ _ _ _ St. Louis Union Tr. Co.. St. Louis. Trustee.
City By of Los Angeles 1st M 1911
5 F-A
3,544,000 Feb 1 1941
$5,000,000($1,000) gold.c* Int. at Los Ang. Tr.& S. Bk., Los A., Trus.
Bonds.
-Of the first & ref. mtge., $5.352,000 are reserved to retire prior
liens, and no additional bonds can be issued for any other purpose. Int.
Is payable at office of trustee, Bankers Trust Co., New York, and by
arrangement at Anglo & London Paris Nat. Bk., San Fran. Bonds are not
subj. to call. Bonds have sk. fd. of 110,000 per month (incl. s. f. on underlying bonds) to be invested in first & ref. bonds at 105 and int. or less, or in
approved securities; first & ref. bonds purchased for s. f. to be kept alive,
$563,000 bonds are held in sink. fund. V. 92. p. 262; V.94. p. 1383; V.95,
p. 1273. On 30 days' notice int. may be made payable at the National City
Bank, N.Y. Int. on both the Los Angeles Trac. issues paid at Chase Nat,
Bank, New York. City By. Co. of L. A. 1st M.bonds have a sinking fund
2% per annum of principal amount of bonds, beginning Jan. 1 1916.
EARNINGS.
-For year ending June 30 1914, gross, $7,009,300; net
after taxes, $2,149,580; interest, 51,071,289; sink. hind, $120,000; surplus,
$958,291.
PROPERTY.
-Comprises 370.27 miles of track; 60. 72, 87 and 116-1b.
rails. Owns and controls 800 passenger cars, of which 451 are of P-A-Y-E
type, and 87 misc. cars. Has favorable power contract with the Pacific
Lt. & P. Co., the current being distributed through the corporation's own
transmission system, comprising 321 miles of line and 10 sub-stations.
OFFICERS.-Pres., II. E. Huntington; V.
-P. & Gen. Mgr., Howard
Huntington; Sec. & Treas., C. A. Henderson.
-V.94, p. 1383; V. 95, P.
1273; V. 96, p. 487, 1365; V. 97, p. 521. 1733; V. 98, p. 523.

LOUISVILLE, KY,

[VOL. xcix.

977, 1101; V. 92, p. 59. 262, 322; V.93. p. 105, 164, 408;
V. 94, p. 351.826.
1179; V. 96, p. 553, 790, 1015; V.98, p. 832.
INDIANAPOLIS & LOUISVILLE TRACTION RY.-A trolley
road.
ORGANIZATION.-Incorp. In March 1912 in Indiana as
the Indianapolis & Louisville Traction Co., sold at foreclosure successor to
on March 21
1912. V. 94, p. 911. Franchises in cities and towns are for
50 years from
1905; remainder is on private right of way.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common stock $600,000$596,200
Preferred stock $600,000576,750
First mortgage $1,500,000 g1 1912
5 g A-0
849,800 April
(5100,8500 & $1,000)_c*tf(Int. at Colonial Trust Co., Pittsb., 1 1942
Trustee.
Bonds.
-Of remaining 1st M. bonds $650,200 are for
at80% ofcost. Subj. to call on any int. date at 105 and impts. and externs.
int. Sink,fund of
2% per annum begins Oct. 1 1917,increasing 1% each year to and
including
April 1 1921, then reduced to 1% per annum thereafter.
EARNINGS.
-For year ending Dec. 31 1913, gross. $134,522; net, after
taxes, 150,631.
ROAD.
-40.9 miles of track from Sellersburg (from which point cars
are run into Louisville over tracks of Louisville .1: Northern By.& Ltg. Co.)
to Seymour,from which place it enters Indianapolis over the tracks of the
Ind. Col. & South. (Interstate Public Service Corp.) Through cars from
Louisville to Indianapolis were put into operation in 1908. Standard
gauge; 75
-lb. T rails.
OFFICERS.-Pres. & Gen. Mgr., John E. Greeley, Scottsburg. Ind.;
V.
-P., Mark Storen, Scottsburg, Ind.; Sec., W. A. Gadient, New Albany,
Ind.; Treas., E. S. Gwinn, New Albany, Ind.
-V.94, p. 911.
LOUISVILLE & NORTHERN RAILWAY & LIGHTING.
Interests identified with the Middle West Utilities Co. are supposed to
have secured control of this property. V. 95, p. 1545.
ORGANIZATION.
-Incorporated under the general railroad
Indiana in Dec. 1905. $900.000 of the $1,000,000 stock 01 the laws of
United
Gas & Electric Co. and $232,700 stock of the New Albany Water-Wo
Co. are deposited under this company's mortgage. Has purchased rks
eltrical equipment of the KentuckySs Indiana Bridge Co. and leases the
ec
the
bridge for 25 years, thus affording dependent entrance into Louisville.
Company does electric lighting and express and freight businessin addition
to passenger business. Road is mainly on private right of way.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $3,500,000
$3,500,000
Pref $1,500.000 Series A & B_
Q-J
917,130 See text
First mortgage 12,500,000 SI 1905 5 g J-D
500,000 Dec 1 1925
($500 and 51,000)
c* Int. at American Tr. & Say. Ban,k, Chicago,
Trustee, or at Eliot Nat. Bank, Boston.
Bonds.
-Unissued bonds can only be issued for 80% of cost of iproperty
built or acquired. Are subject to call at 105 and int. V. 82. p. 868.
STOCK.
-The Series A pref. stock is 6% cum., the Series B is cum. and
Is entitled to 2% in 1906, 3% in 1907. 4% in 1908,5% in 1909 and 6%
in
1910 and thereafter.
Dividends.
-Dividends from July 1 1906 on both classes of pref.
were paid at rates called for up to April 1909, when % was paid onstock
both
classes; same amount quer. since to April 1914.
ROAD.
-Operates 20 miles of track, Louisville to Sellersburg, with a line
branching off at Watson and running to Charlestown. At Sellersburg
connects with Ind. & Louisv. Trac. By. Co., running to Seymour,
connection is made with the Ind. Col. & So. (Interstate Public Servicewhere
thus forming a through line between Louisville and Indianapolis. Co.).
The
line from Louisville to Charlestown willform part of a tlu.ough line
between
Louisville and Cincinnati. Standard gauge. 70
-lb. T rail.
OFFICERS.-Pres., Chester P. Wilson; V.
-P., Frank Smith; Sec., Ira
E. Guthrie, all of Indianapolis; Treas., J. F. Stratton, New Albany,
Ind.
V. 82, p. 509, 868; V. 94, p. 1626.

(1) United Gas & Electric Co.
ORGANIZATION.
-Incorporated in Indiana in 1902 and acquired
the
New Albany Gaslight & Coke Co., New Albany Light, Heat &
Jeffersonville Electric Light, Heating, Gas & Coke Co. and Power Co.,
Jeffersonville
Light & Water Co.; also controls the Louisville & Southern Indiana Trac.
Co. Does entire gas and electric-lighting business in New Albany and
Jeffersonville, and supplies also Port Fulton, Silver Grove and Clarkville.
Franchises,45 years In New Albany and 50 years in Jeffersonville from
1902:
in other towns from 20 to 40 years. Guarantees the $250,000 first mortgage
bonds of New Albany Street By. Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
stock $1,000,000 4100)$1,000,000
First mtge $750,000 ($1,000) 1902
5 g J-J
692,000 See text
c* Interest at American Trust & Savings Bank,
gold
Chic., Trus., and at Eliot Nat. Bk., Bos.
5 g J4
First consolidated mortgage 1904
680,000 See text
$1,500,000 gold ($500 and( Interest at American Trust & Savings Bank,
c*1 Chic., Tons., or at Eliot Nat. Bk., Boston.
$1,000)
-$692,000 first consols are reserved to retire a like amount of
Bonds.
first 54; $80,000 are reserved for future betterments and improvements
and $48,000 have been retired. Both issues mature serially from 1907 to
1942, but the bonds of 1902 may be called at 105 and int.; the new consols
are callable after July 1 1924 at 105 and int. See V. 79, p. 2458.
EARNINGS.
-For years ending June 30. Fiscal year changed in 1910
from May 31 to June 30. Figures for 1910 include 13 months.
1912-13.
1911-12.
1910-11.
1909-10.
Gross earnings
$317,625
$312,682
$299,369
$305.629
Operating exp. & taxes
202,361
200,702
192,921
188,011
Net earnings
$115,264
$111,980
1106,448
$117,618
Interest
73,809
71,393
66,175
66,484
Balance
941,809
$40,587
$40,273
$51,134
OFFICERS.-Pres., Chester P. Wilson; V.
-P., J. S. Dales; Sec., Ira E.
Guthrie, all of Indianapolis; Treas., J. F. Stratton, New Albany, Ind.
-V.80, p. 1236; V. 81, p. 1794; V. 82. p. 871; V. 85, p. 737. 1466.

LOUISVILLE TRACTION CO.
-A holding company.
ORGAN1ZATION.-Incorporated in New Jersey on July 5 1903 and
acquired practically all of the stock of the Louisville By. Co. Holders of
common stock of Louisville Ry., on payment of $55 in cash, received three
shares of new common stock in exchange for each share of old stock held.
Holders of the old preferred stock of the Louisville Ry. received share for
share of new preferred, with a bonus of 20% in common. The new company provided the Louisville By. Co. with needed money to be used for
Improvements, the railway company issuing $1,100,000 common stock
,
therefor. See V. 79. p. 968. In April 1907 authorized common stock of
the Traction Co. was increased from 112,000,000 to 115,000,000. V. 84,
p. 931. In April 1908 preferred stock was increased from $2,500,000 to
$3,500.000 and the additional $1,000,000 offered to stockholders at par, all
of which was taken.
The old Louisville By. Co. was incorporated Jan. 22 1867, and is a Kentucky company, owning all the street railways in the city of Louisville and
its suburbs. It has $5,500,000 common stock and 12,500,000 preferred,
practically all owned by the Louisville Traction Co. Franchises are
partly for 99 years from 1886 and partly perpetual.
The Louisville & Interurban By. has been organized in the interest of
the Louisville By. to construct a system of urban and interurban lines. Up
to May 1913 no securities had been issued except $4,000,000 stock (increased
to that amount in Feb. 1913) to Louisville By. Co. ln Jan. 1911 the Louisville & Interurban RR. acquired the Louisville & Eastern RR.(all of whose
bonds, construction notes. receivers' certifs.. &c., and about all the stock,
was owned by Louisville & Interurban), sold at foreclosure on Jan. 3 1911.
V. 92, p. 59, 262.
.
In Feb. 1913 the Louisville By. issued an additional $1,000,000 gen M.
bonds to pay for improvements. V. 96, p. 553.
Interest. Outstanding. Maturity.
AND BONDS- Date.
STOCK
Q-J 511.889.700 Oct '14, 1%
Common $15,000,000
A-0
3,500,000 Oct'14,2
Pref 5% cum 53,500,000----Louisville Ry gen mtge gold 1910
,000,000 Feb 1 190
(a) Louisville & Southern Indiana Traction Co.
820,000,000 ($1,000)__c*tf Interest at German Bank, Louisville.
ORGANIZATION.-Incorp. in Indiana under the General Railroad
6,000.000 July 1 1930
Louisville Ry cons 51 gold 1 1890 5 g J-J
Laws in 1903. and is successor to the Southern Indiana Interurban Railway
16,000,000 (list N Y)__c*tf Int. at National Bank of Commerce, N. Y.: Co. Leases
the New Albany Street Railway Co. for 25 years from Aug. 1
Fidelity-Col. Tr. Co., Louisville, Trustee.
2,000.000 Mar 1 1940 1903 (with privilege of renewal for 25 years) at ayearly rental of $500, the
Louisville By 2d mtge. 92,- 1900 484 g M-S
int. charges and taxes and diva. of 4% on $100.000 preferred stock. V. 77,
000,000 gold ($1,000)___tf Interest at German Bank, Louisville.
p. 769. In Sept. 1904 acquired the Highland RR. for $10,000
-$8,000,000 of the gen. mtge. bonds of 1910 are reserved to retire V. 79, p. 1643. In Dec. 1905 acquired the Jeffersonville City in bonds.
Bonds.
By. See
prior liens; the remainder Is for extensions and improvements. Bonds are V. 81, p. 1792. Is controlled by the United Gas & Electric Co., which see
above. Franchises owned are for 50 years; also permitted to carry freight.
not subject to call. Fidelity-Col. Trust Co., Louisville, trustee.
Dividends.
-On Traction pref., 5% per annum. On corn. the first semiSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
was paid Oct. 1 1904. In 1905, 3%. In 1906.
annual dividend,
4%. In 1907,4%. In 1908. 3%. 1909 to 1913, incl., 4% per ann. In Common 12,000,000 ($10)_ 12,000,000
Pref6% cum $1.000.000 ($10)
1%;July. 1%; Oct., 1%•
1914, Jan., 1%;April,
435,080
mortgage $1,000,0001 1903
5g M-S15 1,000,000 Sept 15 1923
-The Louisville By. Co. owns 1753- miles of track on 774 miles First (1500 and $1,000)--c* Int. at Amer.
ROAD.
gold
Trust & Say. Bank, Chicago,
of street, with 1384 miles outside city limits; all is electric. Affords entrance
and U. S. Trust Co., Louisville, Trustees.
into Louisville for the Lou. & Nor. By. & Ltg. Co. and Lou. & Sou. Ind. New Albany St Ry $250,0001 1902 5 F
-A
250,000 Aug 1 1927
Trac. Co. The Louisville & Interurban operates 102 miles of track in Jef(81,000) guar prin and int-lint. at U. S. Trust Co., Louisville, Trustee.
ferson County, incl. extensions to La Grange and to Shelbyville in Oldham
Bonds.-lst M.bonds have no sk.fd., but are subj. to call after 10 yrs. at
and Shelby counties. An extension from Kosmosdale to West Point, 3
105 & int. See V. 77, p. 769, 2339. New Albany St. By, bonds are subj.
miles, is proposed.
REPORT.
-Of Louisville Railway Co. for fiscal years ending Dec. 31. to call on any int. date at 105 & Mt. and are guar. by United Gas & Elec.
See 1913 report in V. 98, p. 832.
-Operates 33 miles of track, including 1084 miles leased from
ROAD.
Int.& Pf. Div. Common Balance, New Albany Street By. and also line
Cal.
Other
Gross
Net
Year. Revenue. Earnings. Income. Taxes. (5%). Dividend. Surplus. ville, and city lines in Jeffersonville. between New Albany and JeffersonAn extension to Louisville was com191343,226,276 31,377.757 5196,814 5852,093 5125.0005545,650 *551,829 pleted in Sept. 1905. Has a contract with
"Big Four" RR. for the use
1912.3.130,492 1,34(1,455 234.885 786.127 125.000 545,650 *115.583 of its bridge over Ohio River and with
Louisville Railway Co.,allowing its
*In 1913 there was deducted $36,496 for deprec'n, &c., aainst $90000
cars to enter Louisville. Has erected an interurban terminal on Third St..
I 1912, leaving a surplus of $15,333 in 1913, against $28,563.
Louisville. Girder rails, 90 lbs.; T rails, 75 and 7784 lbs.
OFFICERS.-Pres., T. J. Minary; V.
-P., A. P. Humphrey' Sec,&
-Same as for Louisv. & Nor. By.& Ltg. Co.-V.81,p.1792.
OFFICERS.
Treas., Samuel G. Boyle. V.88, p. 564. 686. 823: V. 90. P. 167. 372, 503,

184%.




SEPT., 1914 1

ELECTRIC RAILWAYS
LOWELL, MASS.

LOWELL & FITCHBURG STREET RY.-A trolley road.
In 1913 W. W. Sargent, President of the Fitchburg & Leominster Street
By., and associates acquired control.
ORGANIZATION.
-Incorporated in Massachusetts in 1903.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock $275,000 ($100)_______
$275,000
275.000 Jan 1 1926
First mtge (see text) gold f 1906
5 g J-J
($1,000) no sinking fund__ 1Subject to call at 105 and interest.
Bonds.
-First mtge. was originally for $1.000,000, but has been closed
at $275,000.
EARNINGS.
-For year ending June 30 1914. gross. $56,482; net, after
taxes, $16,784.
ROAD.
-Operates 14 ulnas between North Chelmsford, a suburb of
Lowell, and the village of Ayer, with a spur running from North Chelmsford to Westford; connects at North Chelmsford with Lowell St. Ry.
and at Ayer with Fitchburg & Leominster St. Ry. Has 7 passenger
cars, 1 snow plow and 2 other cars.
-P., C. F Baker; Sec. & Treas.,
OFFICERS.-Pres., W. W. Sargent; V.
R. N. Wallis, all of Fitchburg, Mass.

McALESTER, OKLA.
CHOCTAW RAILWAY & LIGHTING CO.
-Incorporated in June 1905 as successor to the
ORGANIZATION.
Indian Territory Traction Co. and Choctaw Electric Co. Does a freight
business and furnishes power for lighting. Light and power franchise
perpetual; railway franchise expires in 1942.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$740.900
Stock corn $750.000 ($25)---248,500
$250,000 ($25)-- --- Pref6% cum
5 M-S
906,500 Mar 1 1938
First mtge $1,500,000 gold( 1908
1McAlester Trust Co., Trustee.
($500 and $1,000)
Bonds.-Int. at Colonial Trust & Say. Bank, Chicago; Nat. City Bank,
N. Y., and Mercantile Tr. Co., St. Louis. Bonds are subject to call after
1913 at 105. Remaining bonds may be issued, under certain restrictions.
for additions and acquisitions. V. 88, p. 1619. $18,500 have been retired through sinking fund.
EARNINGS.
-For cal. year 1913. gross, $208,792; net. $81,896; 1912.
gross, $206,397; net, $80,737.
-Operates in cities of McAlester and Hartshorne, and an interROAD.
urban line, over private right of way, between the two cities. 23.26 m. of
track. Standard gauge; rail, 66-70-1b. T. 12 passenger cars, 7 other cars.
OFFICERS.-Pres., William Busby, McAlester; V.
-P. & Gen. Mgr.,
L. E. Fischer, St. Louis, Mo.; Treas., Russell Palmer, St. Louis, Mo.;
-V.88, p. 1619; V. 97, p• 175.
Sec. & Aud., B. R. Stephens, McAlester.

69

EARNINGS -For years ending Dec. 31:
Dec. 31
Gross
Net (after
Interest
Preferred
Etteance
YearsSurplus.
Earnings.
Taxes).
on Notes.
Dirs.
1913
$6,525
$139,785
$22,539
$10,000
$6,014
1912
140,915
30,527
43,672
3,145
10,000
Has 3 gas holders and over 50 miles of mains, &c. 0rtput now exceeds
100.000,000 cu. ft. per annum.
-V.93. p. 942, 1537.
(3) Central Georgia Power Co.
Georgia Lt., Power & Rys. owns $3,660,000 stock.
ORGANIZATION.-Incorp. in Ga. on March 4 1907 as Bibb Pow. Co.
and in Jan. 1908 changed name to present title. Began oper. June 1 1911.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $4.000,000__ -34,000,000
Mtge $3,000,000 g ($1,000.1 1908 5 M-N
2,964.000 May 1 1938
$500 & $100, or g equiv- Windsor Trust Co., New York, Trustee.
alent)
c*&r*_
Bonds.-Int. on bonds is payable at office of A. B. Leach & Co.. N. Y..
or Bank of Scotland, London. Subject to call at 105 and ine, for sk. fd. or
any or all at company s option on any int. day. Sinking fund of I% of
bonds out began in 1913. V. 88, p. 1199.
EARNINGS.
-For 12 mos. end. Dec. 31 1913, gross, $331,026; net.
6241.315.
PROPERTY.
-Owns hydro-electric plant (capacity 16,000 elec, h. p.,
ultimately to be increased to 24,000 elec. h. p.) on Ocmulgee River, near
Jackson. Transmission lines extend to Macon, Forsyth Jackson, Bibb,
Barnesville and Griffin, connecting at the last-named point with the line
of the Central Georgia Transmission Co. (whose entire capital stock and
bonds are owned by Ga. Lt., Power & Rys.), running to Hampton and
Atlanta. Total length of transmission lines, 125 miles.
-V. 93. P• 153
6.
1670.

MADISON, WIS.

SOUTHERN WISCONSIN RAILWAY CO.
-A trolley road.
ORGANIZATION.
-Successor to the Madison & Interurban Traction
Co., which was incorp. in Jan. 1905, and on Sept. 1 1905 purchased the
Madison Traction Co., which was itself successor to the Madison Electric
By. Franchises expire in 1932, 1938 and 1944,and are practically exclusive.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $100,000 ($100)
350,000
Mad & Interur Trac 1st mtge 1906
5 g M-N
640,000 May 1 1931
$685,000 gold ($1,000)__c* Int. at Citizens' Say. & Tr. Co.,Clev.,Trust.
Gen mtge $2,000,000 gold 1907 5 g J-J
545,000 June 25 1932
($500 and $1,000)
c* Int. at March. Loan & Tr. Co., Chic., Trust.
Bonds.
-Mad.& Interur. Trac. mtge, was for $1,200.000, but mtge. was
closed and only $685,000 issued, the balance being canceled. Whole issue
callable on any int. date at 102 and int. on 60 clays' notice. Originally
McKEESPORT, PA.
bonds had no s. f., but by terms of supplemental mtge. $10,000 was made
payable Aug. 20 1912, 615,000 Aug. 20 1913 and $20,000 annually on each
PITTSBURGH McKEESPORT & WESTMORELAND RY.
In June 1914 it was understood that the West Penn, Traction interests Aug. 20 thereafter until maturity. V. 92, p. 1566. 845,000 have been
would take over the securities of this road after foreclosure sale. which will canceled. Of the gen. mtge., $640,000 are reserved to retire above prior
probably take place in Oct. 1914 (see V. 99, P. 467), and also item under liens.
ROAD.
caption of West Penn Traction Co. in V. 98, p. 1995.
-Owns 14 miles of standard-gauge track,including lines in MadiThe road was bid in at receivers' sale by Andrew Beck, I. I. Robert- son, and extension to Fair Oali.s, Elmside, Lake Park Cemetery and South
Madison.
son and William Chilvers (V. 96, p. 361, 716)•
The road runs between Irwin and McKeesport. about 11 miles.
OFFICERS.-Pres., F. W. Montgomery; V.
-P., Dudley Montgomery;
Sec. & Treas., Warren Montgomery; Supt.. D. Montgomery.
-V. 79.
p.501; V.80.P. 1174; V.83, p. 96. 156; V.92. p. 1566.
MACON, GA.
GEORGIA LIGHT. POWER & RAILWAYS.
ORGANIZATION.
-Is a voluntary association formed under MassaMANCHESTER, N. H.
chusetts laws in Sept. 1911. Has acquired all the com,stock of Macon Ry.
& Light Co. practically all the corn. & pref. stocks of Macon Gas Co.,
MANCHESTER TRACTION. LIGHT & POWER CO.
63.660.000 [Of the $4,000.0001 stock of the Central Georgia Power Co. and
ORGANIZATION.
-Incorporated in 1901 in New Hampshire and comthe entire capital stock of the Central Georgia Transmission Co. Also
owns over $1,300,000 6% securities of its constituent companies issued for prises the several light, power and street railway properties in and around
Manchester. The company owns the stock of the.Manchester Electric Co .
new construction, &c.
the Manchester Electric Light Co. and the Manchester Street Ry.; also
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. owns entire $175,000 stock of the Manchester & Derry Street By. ManCommon $8,000,000($100)$7,660,600
chester St. Ry. stock now authorized and issued. $1,219,500.
Pref $2,000,000 6% n-c ($100)
500,000 July'14, 13
In June 1906 Manchester Traction, Light & Power acquired the entire
First lien mtge 36,500,000f 1911
5 M-S
3,300,000 Sept 1 1941 $200,000(now $240,000)capital stock of the doffs Falls Litchfield & Hudson
gold ($1,000)
c*Ser__INew York Trust Co., New York, Trustee.
Street Ry. (name changed in Feb. 1907 to Manchester & Nashua Street
Stock and Bonds.-Pref. shares are callable at 110 and are pref. as to prin. Ry.) and issued $350,000 stock to pay for the same and to provide cost of
and dividend; are listed on Pittsburgh Stock Exchange. Common stock improvements, &c. See V. 82, g. 1380.
is listed on the Pittsburgh, Chicago and London stock exchanges. The
In Nov. 1908 the Comm.authorized the Manchester Trac. Lt.& Pow.Co.
remaining 63.200,000 first lien bonds are reserved under careful restrictions to issue $400,000 additional stock to take over the stocks of the Manchester
for acquisitions of other securities and for extensions and impts. Bonds are & Nashua St. By. and the Manchester & Derry St. By. At the same time
secured by deposit of all the securities owned by Ga. Lt. P.& Rys. Red. at the Comm. authorized an increase of $40,000 in stock of the former com105 & int. on any int. date on 30 days'notice. Prin.& int. payable at office pany and $50,000 increase in latter company's stock. V. 87, p. 1420.
of A. B. Leach & Co., N. Y.,or Bank of Scotland, London. Annual sk. fd.,
In August 1914 the Manchester Trac., Light & Power Co. acquired
$50,000 1916 to 1920, 675.000 1921 to 1925 and $100,000 1926 to 1940. approximately 94% of the capital stock of the Nashua Light, Heat & Power
V. 93, p. 1532. Bonds are listed on Chicago. Pittsburgh and London stock Co., which company does the light, heat, power and gas business in Nashua,
exchanges.
N. H.
Dividends.
-Div. of 1%% was paid in Jan. 1913: April. 13%; July,
Franchises perpetual.
13%; Oct.. 1A%. In 1914, Jan., 13'5%; April. 114%; JulY. 1A%•
STOCKDate.
Interest.
Maturity.
extension Stock $5,000,000($100)__
EARNINGS.
-For the 12 mos. end. Dec. 31 1912 (with the
Outstanding.
$3,640,700 July'14, 2%
Q-J 15
to Atlanta only completed in Sept. 1912). interest, div. and surplus earn- First consol mtge 32,000;666j 1901
5 g A-0
1,750,000 April 1 1921
ings accruing to Georgia Lt., Power & Rya.. $260.050; less all income degold (61.000)_ ___c*nttlIntert at American Trust Co., Boston, Tr.
_
es
ductions. incl. int. charges and general expenses, &c., $144,320; balance. Manchester Electric Light Col 1897
5 g A-0
250,000 Oct 1 1917
applicable to dividends. $115,730.
first mtge $250,000
tf
PROPERTY.
-Through controlled companies operates entire electric doffs Falls Litch & Hud 1st 1906
5 g J-D
200,000 June 1 1926
railway and gas business in Macon; furnishes electric light and power in
M gold 3300,000($1,000)tf
Macon, Monticello. Forsyth, Barnesville, Griffin, Bibb and Hampton. Ga.; Man & Derry St Ry 1st mtge Int. at American Tr. Co.. Boston, Trustee.
1907 5 J-D
125,000 Dec 1 1927
also sells a large amount of electricity in Atlanta.
$500,000 (61,000) guar tf Int. at American Tr. Co., Boston, Trustee.
OFFICERS.-Pres., Geo. P. Toby, N.Y.; V.
-P., J. D. Everett; Sec. &
Bonds.
-Of the new first consolidated mortgage, $250,000 are reserved to
Treas., William Tusch; Asst. Sec. & Asst. Treas., W. E. Fulcher.-V. 93, retire the bonds of the Manchester
Electric Light Co. The Goffs Falls
g• 1532, 1668; V. 94, p. 630; V. 95, p. 544; V. 98, p. 912. 1844.
Litchfield de Hudson and the Manchester & Derry St. By. bondsareguar.,
prin. and int. by Man. Trac.. Lt. & Power Co.
4) Macon Railway dr Light Co.
Entire common stock is owned by Georgia Lt., Power & Rys.
ROAD.
-The different roads controlled comprise 64.058 miles of track as
ORGANIZATION.
-Incorporated in Georgia on Oct. 23 1902 by the
Railways & Light Co. of America as a consolidation of the Macon Consoli- follows: Manchester Street Ry.. 41.368 miles; Manchester & Nashua Street
By.(formerly doffs Falls Litch.
dated Street By., the Macon Electric Light & By.. the North & South & Derry St. Ry.,8.365 miles, & Hud. St. Ry.). 14.335 miles; Manchester
Macon Street By. and the Metropolitan Street Ry. The city ordinance
Dividends.
permitting the consolidation, passed on Sept. 16 1902, granted a 50
-year (changed to -First dividend of 3% on July 15 1901; in 1902. 6%:in 1903.
quarterly). 7)4%; in 1904, 6%; in 1905. 6%; in 1906. 7%; in
franchise. For terms see V. 75, p. 733.
1907, 834%: 1908 to 1912, incl., 8% per annum; 5% extra div. in 1911-12;
In June 1914 Georgia RR. Commission sanctioned the issue of $700,000 in
1913. Jan., 2%; April, 2%; July. 2%; Oct.. 2%. In 1914, Jan., 2%;
additional common stock, making the total $1,600,000.
April, 2%; July, 2%.
STOCK AND BONDS- Date.
Interest, Outstandina. Maturity.
REPORT.
-Of the Manchester Street By.for years ending June 30:
Common $1.600.000 ($100) $887.700
See text.
Gross
Net Int.&Tax. *Dividends. Surplus.
Pref $300,000($100)6% cum- ____
6 A-0
283,600
See text. 1913-14
$161
$477,113 6103,428 $30,097 (6%473,170
Macon Ry & Lt 1st cons mtge 1903
5g
959.000 Jan 1 1953 1912-13
19,686 (6%)73,170 11,875
463,021 104,732
g $1,000,000 ($1,000)___c* Int. at Equitable Tr. Co., N. Y., Trustee.
* This is dividend on Manchester Street Ry. stock.
Macon Elec Lt & Ry 1st mtge 1899 6 g
42,500 Jan 1 1929
$100.000_ ($500) gold_ _c* Int. at Equitable Tr. Co., N. Y., Trustee.
EARNINGS.
-Of Manchester Trac., Light & Power Co. for year endBonds -Macon Ry. &Lt. St consols are subject to call on any interest ing June 30 1914, gross, 6537.931; net, $365,491; other income, $74,198;
date at 110 and int. $41.000 bonds, $12.300 corn, and $16.400 pref. stock int. & taxes, $147,783; diva.(8%), 3224.000; surplus, $67,906.
are held by Savannah Trust Co. to retire the 642,500 bonds remaining out.
-P. & Gen. Mgr.. J. Brodie Smith:
OFFICERS.-Pres., E. C. Foster: V.
See V. 76, p. 212.
Edwin F. Jones; Treas., P. L. Saltonstall.- v. 87. Ir. 1160, 1420;
Dividends.
-6% per annum has been paid s.
-a. on pref., 1903 to July Clerk, p. 1787; V. 97. p. 117, 176, 1583, 1895; V. 98, p. 1157.
V. 93,
1914 incl. On coin. 1st div.-3%-paid July 1910: Sept..13%. In
1911. Jan., 134%; July. 3%. In 1912. 6%. In 1913, Mar., 3%. Information as to later dividends not available.
ROAD.
--Owns and operates about 36.63 miles of track, all of which has
MARION, ILL.
been re-laid with 70
-lb. rails. 61 cars.
COAL BELT ELECTRIC RN'.
EARNINGS.
-For years ending Dec. 31:
Year ending
In 1904 passed into control of the St. Louis Iron Mtn. & Sou. By. Co.
Gross
Net(after Int. on Pfd.Div. Balance,
Dec. 31Earns.
Taxes). Bds.,1tc (6%). Surplus.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
1913
$752 Stock $300,000 ($100)_______
$448,359 $95,150 $77,382 $17,016
$300,000
1912
554,742 214,460
17,016 138,854
58,590
EARNINGS.-For fiscal year ending June 30 1913, gross, $63,436: net,
OFFICERS.-Pres., Wm, H. Felton; V.
-P., P. G. Gossler; Sec. &
Treas., Richard Ouderslyus.-V. 97. p. 1286.
$12,402: other income, $11,100; taxes. &c.. $12,701; corn. div. (6%),
$18,000; surplus, $5,115.
(2) Macon Gas Co.
ROAD.
-Operates 13.43 miles of track from Marlon to Carterville
ORGANIZATION.-Incorp.in Ga. In 1852. Was formerly Macon Gas.
and
Lt. & Water Co., but In Oct. 1911 transferred its water plant to the city, Herrin. Standard gauge. 52 to 70-1b. T rail.
and changed name to present title. Controls entire gas business of Macon.
OFFICERS.-Pres.. Geo. J. Gould; V.
-P., E. J. Pearson; Gen, Mgr.
Practically all the $480,000 corn, and $20,000 pref. stock is owned b Ga. J. W. Higgins; Sec., F. W. friend; Treas., F. M. Hickman;
Lt., Power & Rys. Company has no bonds.
J. G. Livergood, St. Louis; Supt., W. E. Brooks, Illmo, Mo. Gen. Awl!
41.
43




.

Zmit/ '
' bcE

70

ELECTRIC RAILWAYS
MATTOON CITY, ILL.

CENTRAL ILLINOIS PUBLIC SERVICE CO.
ORGANIZATION.-Incorp. in Illinois in 1902 as the Mattoon City
and on Aug. 25 1910 changed its name to the above. V. 91, 13. 655. UP
to Aug. 1 1912 did merely an electric light, power and heat business in
Mattoon and an electric light and power business in Charleston and Kansas.
besides operating street railways in Mattoon and Charleston and an
interurban railway between those two points. But on July 29 1912 increased capital stock from $330,000 to 36,000.000 ($2.500,000 pref.), and
on Aug. 1 1912 began acquiring additional public service properties in Central. Southern and Western Illinois, doing electric light and power, gas and
street railway business. For list of properties see V. 95, p. 1744. On
Aug. 31 1912 made a 1st and ref. mtge. to the Continental & Comm. Tr.&
Say. Bank. Chicago.
In Nov. 1913 increased auth. capital stock from $6,000,000 ($3,500,000
COM. and $2,500,000 pref.) to $10,000,000 ($5,000,000 pref.). V. 97, E.•
1583.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $5,000,000
$4,000,000
Preferred 6% cum 35,000.000
3,225,000
First and refunding mortgagef 1912
-A
5F
3,202.000 Aug 1 1952
gold ($1,000)
cslInterest payable in New York.
Underlying bonds (including
$512,000 owned)
1,554,500
-year gold debentures______
10
1.257,000
6%
-year gold notes
3.000.000
3
Bonds.
-The first and ref. bonds are red. at 105 on.any interest date.
Additional bonds may be issued under certain restrictions. See V. 95, p.
1744. Of the underlying bonds (covering 13 of the properties), the company has in its treasury $518,000. which it will, as it may require additional
funds, exchange for Its own bonds, par for par.
ROAD.
-Owns street railways in Anna, Mattoon, Taylorville and
Charleston. The Central Illinois Traction Co., whose stock and bonds
are deposited under the mortgage, owns an interurban railway between
Mattoon and Charleston and a street railway in Paris. It is contemplated
later to extend the interurban to a connection at Paris with an interurban
line now operating between Paris and Indianapolis.
OFFICERS.-Pres., Marshall E. Sampson; V.
-P., F. S. Peabody; Sec.
& Treas., R. B. Donnelly.
-V. 88. p. 52; V. 91, p. 655; V. 95. p. 618,
1744; V. 96, p. 1020; V. 97, p. 1583.

MAUCH CHUNK, PA.
CARBON TRANSIT CO.
-A trolley road.
ORGANIZATION.
-Incorporated in July 1908 in Pennsylvania as a reorganization of the Carbon Street By. sold at foreclosure sale May 16 1908.
Property Is being Improved by reconstruction, new equipment, &c., including the development of Flagstaff Park on Flagstaff Mountain, which is
850 feet above and overlooks the picturesque Mauch Chunk.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $150,000 ($50)
$150.000
1st mtge $150,000 ($100 and 1908
5 g F-A
150.000 Aug 1 1938
$500) gold
c*tf Int. at Mauch Chunk Trust Co., Mauch
Chunk. Pa., trustee.
Second mtge $100,000 gold 1910 5 g J-D
30,000 June 1 1940
($100 and $500)
Ott Int. at Mauch Chunk Trust Co., Trustee.
Current liabilities Dec 31 1913 _
23,654
Bonds.
-First mtge. bonds may be called at 105 and int,on any int.day.
Second mtge. bonds are red. in any amount on any int. day after June 1
1915 at 105.
EARNINGS.
-For the year ending Dec. 31 1913. gross. $51,637; net,
$17,481; charges and taxes, $10,798; surplus. $6,684.
ROAD.
-Comprises 1236 miles of track; 24 cars. Owns about 425 acres
of valuable real estate, including 75 acres on "Flagstaff Heights."
OFFICERS.-Pres., Val. Smith, Waynesboro: V.
-P., Wm. Dods,
Mauch Chunk; Sec. & Mgr., J. F. Geiser, Mauch Chunk; Treas., Jno, M.
Wolff. Waynesboro.
-V. 90, p. 1674.

MEADVILLE, PA.
NORTHWESTERN PENNSYLVANIA RY.
-Incorporated in Pennsylvania in March 1911 as
ORGANIZATION.
successor of the Meadville& Conneaut Lake Trac. Co., V.92,p. 187(a holding company),and its controlled companies. the Meadville Trac.Co.(V.92,
p. 262) and the People's Incandescent Lt. Co., V. 92, p. 1033. Franchises
In Meadville expire in 1944. Interurban franchise perpetual. Affords connection for Penn. RR. System with Meadville.
In the latter part of 1912 purchased the Erie Traction Co.and the Meadville & Cambridge Springs Street By.
Franchises.
-There are 23 franchises, of which 16 are perpetual,(3) for 99
years, and the shortest does not expire until 1937.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
31,000,000
Common $1,000,000($50)_ 500,000
Prof $500,000 ($50) 5%, non-L
5 g M-S
645,000 Mch 1 1941
First mortgage $1,250,000 1911
c*tf Int. at Central Trust Co.. N. Y., trustee.
gold ($1,000)
5%
People's Incandescent Light 1900
150,000 Dec 1 1920
tf Bela. Co.Tr. Safe Dep.& Title Ins.Co.,trus.
Co 1st mtge
1st M (Erie Div)$1.500,000 t 1912
5 J-D
250,000 Sept 1 1947
2d M (Erie Div) $305.000. _tf 1912 See text
305,000 Sept 1 1947
Erie Trac (Erie Div)8500,000 1907 5 g J-J
500.000 July 1 1929
c*tf Int. at Secur. Say.& Tr. Co., Erie, Trustee.
gold
Collet trust notes $165,000 1913
5 M-N
165.000 Mar 11018
($100, $500. $1.000)- - _ctf Int. at the Sec. Say.& Tr.Co., Erie, Trus.
-Entire common stock Is held in voting trust.
Stock.
-Of the 1st M.of 1911, $150,000 are reserved to retire prior liens;
Bonds.
remaining bonds are for impts., extensions and acquisitions under certain
restrictions. Subj. to call on any int. date at 105 and int. Annual s. f.
of 1% of bonds out begins Nov. 1 1914. Bonds retired to be kept alive.
V.92, p. 1033, 1436. Of the $1,500.000 1st M. Erie Div. bonds, 3500,000
are reserved to retire the Erie Trac. bonds and $550,000 for extensions and
betterments and $200,000 are in treasury. Sink.fund, 1% annually, commencing April 1917. Erie Trust Co., Erie, trustee. The 2d M.bonds bear
2% int. the first year, advancing 1% yearly to 5%. Int. J.
-D. Colonial
Trust Co.,•Pittsburgh, trustee. The Erie Traction bonds have a sink,fund
of$20 for every $1,000 1st M.bond, beginning July 1 1917 (denom. $1,000,
$5,000 & $10,000). The coll, trust notes are secured by deposit of $200,000
purchase-money mortgage bonds. Redeemable at 101 and accrued interset
on 4 weeks' notice.
-Operates 11 miles of track in Meadville, 1636 miles between
ROAD.
-mile extension to Conneaut Lake,
Meadville and Linesville, incl. a 2
and 42 miles between Meadville and Erie. Total track, 70 miles. At
Linesville connects with the Penn. RR. System.
-For year ending Dec. 31 1913, gross. $373.620; net.
EARNINGS.
$106,387. In 1912. gross, $250,342; net, $86,245.
OFFICERS.-Pres., George A. Gaston; V.
-P., T. D. Rhodes, N. Y.:
Sec., Wm. Goodman, N. Y.; Treas., Charles Fehr, Meadville; Mgr..
Charles M. Hatch, Erie. General office, Meadville; N. Y. office, 30
Broad St.
-V.92. p. 1033, 1436; V. 95, p. 420; V. 98, p. 74, 237; V. 98. p•
1246.

MEMPHIS, TENN.
MEMPHIS STREET RAILWAY CO.
American Cities Co. (see under New Orleans) owns 86% common and
88% preferred stock.
ORGANIZATION.
-Chartered In Tennessee on March 28 1895 and consolidated with the Citizens' St., East End St., City Sr Suburban and Mem•phis & Raleigh Springs lines; franchises run until Nov. 1945. Does the
entire street railway business of the city, including suburbs of Binghamton,
Raleigh Springs and South Memphis.
In Mar. 1913 purchased the property (excluding the building owned in
Memphis and the car barns) of the Lakeview Trac. Co. (sold at foreclosure
In Sept. 1912) for $160,000. payment to be made in 20
-year Lakeview
Traction bonds hearing 2% hit. for 2 years. 3% for 3 years, 4% for 8 years
and 5% for the last 7 years. V.96, p.863.




[VOL. xcrx.

Decision as to Fares.
-On Sept. 7 1907 the Supreme Court of Tennessee
rendered a decision holding invalid the Malone ordinance providing for
certain reduced fares. V. 85, p. 654. The Supreme Court has confirmed
the co.'s franchises in all respects, including right to charge 5
-cent fare.
City Ordinance Not Yet Enforced.
-On Mar. 13 1914 Chancellor Fentress
granted an injunction restraining the city from enforcing a vexatious and
unreasonable ordinance which was to have become effective Mar. 14 1914.
For details of the ordinance see V. 98, p. 912.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $2,500,000(3100)_
$2,500,000 J'ne'14.36%
Preferred $2,500,000 5% cum
'
($1OO)red at 110& accr diva _-__
5 Q-M
2,500,000 June'14, 1 3
mortgage $10,000,000 1905 5 g J-J
.
'Cons
8.761.000 July 1 1945
gold (see text)
c*&r Int. at Central Trust CO, N. Y., Trustee.
Cits St RR 1st M ($1,000) 1887 6 g J-J
906,000 Jan 1 1916
gold no sk fd not red_ _.._c* Int. at Am. Ex. Nat. Bank, of New York.
-year gold deb notes_ _ _ _ ___ 1913 5 g M-N
2
1,000.000 Nov 1 1915
Bonds.
-Of the $10,000,000 new bonds, $906,000 are reserved to retire
Citizens' St. RR. bonds. They are in denom. of $1,000 coupon and
$10,000 registered. Are not subject to call. Sinking hind $25,000 per
annum, 1910-14; $30,000, 1915-19: $35.000, 1920-24: $40,000 1925-29 and
550,000 1930-45. Bonds in sinking fund are kept alive. See V. 82, p.
628,1496. $131.000 was held in sinking fund July 31 1914. Of the bonds
reported outstanding,$177,000 are in the treasury. S. P. ReadandM.S.
Buckingham are trustees of Citizens' Street RR. mortgage.
Dividends.
-On pref. stock 5% paid since issuance up to and including
June 1914. On cora., first div.-1%-paid June 1912. In 1913. Mar.,
1%; Dec., 1%. In 1914, June, 36%.
REPORT.
-For year ending Dec. 31:
Gross Earns. Net aft. Taxes. Int.Oth.Deduc.
Surplus.
1913
$702,098
31,998,364
$508,364
$193.734
1912
712.175
1,937.308
481,298
230,877
1911
700,660
1,890.496
464,326
236,334
Passengers carried in 1913, 49,800.069. against 48,498,486 in 1912.
ROAD.
-Owns 128.80 miles of track, of which 51.12 miles is doubletrack in Memphis and suburbs. Rails 60 to 80
-lb. T to 107-1b. girder,
311 passenger and 26 miscellaneous cars.
.
CFFICERS.-Pres. & (Ion. Mgr., Thos. H. Tutwiler; V.
-P., L. E
Wright; Sec.& Treas., W.H.Burroughs: Aud., L.Le May.
-V.88, p. 564;
V. 92, p. 118; V. 94. p. 1627; V.96,P.863, 1022; V.99. p.407.

MESABA, MINN.
MESABA ELECTRIC RAILWAY CO.
ORGANIZATION.-Incorp. on June 30 1914 in Mass, as a holding
company to own all the stock of the Mesaba By. Co., which company was
Incorporated in Minnesota in Jan. 1911 as an operating company to build
a passenger and freight electric road on the Mesaba Iron Range, Minn.,
connecting the towns of Hibbing,Chisholm, Buhl, Mountain Iron, Virginia,
Eveleth and Gilbert, a distance of about 35 miles. V. 94, p. 1317. Road
Is on private right-of-way except In towns, with steam road construction.
Placed in operation Mar. 1 1913.
This company (Mesaba Elec. By.) was incorp. originally in Maine, but
was reincorp. In Mass, In June 1914 and issued its stock (see outstanding
amount below) in exchange for $99,168 cash and $1,100.000 capital stock
of the Mesaba By. Co. of Minnesota. V.99. p. 120.
The first $1,000,000 Mesaba By. 1st 5s were underwritten on basis of
$1,000 bonds, $500 pref. and $750 corn. stock (of Mesaba Elec.
for $1,200 cash. See also V. 98, p. 1157.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,575,500
Common $2.500,000($100)Pf $1,250.000($100)7%(cum.)
685,000
Mesaba By 1st M 82.500.000! 1912 5 g M-S
1,100,000 Mar 1 1932
gold ($1,000) sink fd__c*tflInt. at Amer. Trust Co., Boston, trustee.
Bonds.
-Remaining bonds are reserved for future additions, impts., &c..
Subject to call as a whole or in part for sinking fund at 105 & int. Sinking
fund,2;6% of total bonds certified, begins Jan. 11017.
EARN1NGS.-For 11 MOS. ending Jan. 31 1914, gross, $232,591; net,
after taxes, $102,595; bond interest, $50,437; surplus, $52,158.
OFFICERS.-Pres., Geo, D. Appleton; Sec., Merrill Griswold; Treas.,
S. F. Shannon.
Officers of Mesaba Ry. (operating co.)-Pres., Oscar Mitchell; V.
-P.,
R. W. Watson; Sec., B. R. Honey: Treas., P. L. Saltonstall; Gen. Mgr..
H.S. Newton.
-V.94, p. 1317; V.98, p. 1157, 1245; V.99. p.49, 120.

MICHIGAN CITY, IND.
CHICAGO LAKE SHORE & SOUTH BEND RY.
ORGANIZATION.
-Organized in Indiana December 1901.
No securities in hands of public except equipment bonds. Rest all
owned by syndicate, which has used them as collateral only.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common $5,000,000($100)_
$5,000,000
Pref $1,000,000 ($100) 6% n-c
1,000,000
1st mtge $6,000,000 ($1,000) 1907 5 F
-A 15
4,004,000 Aug 15 1947
gold
Interest at Cleveland Trust Co., Trustee.
Equipment trust $350,000.- _ 1908
6%
100.000
See text.
Cleveland Trust Co., Cleveland, Trustee.
-Remaining bonds are reserved for future extensions and imBonds.
provements. They are subject to call at 10246 at any int. period. Sink.
fund of $50,000 per annum begins Aug. 15 1917 for 10 years. then 2% of
bonds outstanding until maturity. The equipment trusts cover 31 cars.
They mature $50,000 annually May 15 1910 to May 15 1916 inclusive.
-Operates a total of 6936 miles between South Bend and ChiROAD.
miles Hammond to Pullman, owned by Illinois Central RR.,
cago; 5
is leased to Chicago Lake Shore & South Bend. 70-1b. T-rall.
-Chairman, F. H. Goff; Pres. and Gen. Mgr., C. N. WitOFFICERS.
coxen; Vice-Pres., S. H. Telles; Sec. & Treas., H. C. Lang; Asst. see, sr
Treas., A. Born.
-V.86.p. 51, 167,420, 1528; V. 98,p. 386.

MIDDLETOWN, N. Y.

n orpo
ILL TRANSITeCO.
TN.
rated in New York on March 30 1905 as
ORG L.N
W AL K
successor, under foreclosure, to the Middletown-Goshen Electric By. and
the Middletown-Bloomsburg Elec. Ry. See V. 80. p. 1059, 1425. Company was placed in hands of receiver Oct. 190800 account of a judgment for
injuries obtained by a motorman, but all indebtedness having been paid off,
receiver was discharged April 23 1909.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $350,000 ($50)_____ --- - _
$350,000
5 g M-N
1st mtge $350.000 gold ($1004 1905
300.000 May 1 1935
OM Int. at Com'w'ithTr.Co.,11arrisburg, Trust.
$500 and $1,000)
-350,000 reserved for future improvements. Are subject to call
Bonds.
after 10 years at 105.
-For year ending June 30 1914, gross, $13,013; net deficit,
EARNINGS.
$4,452
-Operates 12.84 miles of track extending from Middletown,
ROAD.
N. y., to midway park, Goshen, including switches,
turnouts, &c. Rails
-lb. girder. Standard gauge.
65-lb. T,except 36 mile only of 80
OFFICERS.-Pres. & Gen. Mgr., DeWitt C. McMonagle; V.
-P., Chas.
A. Kunkel; Sec.. J. F. Weiss, Harrisburg,Pa.; Treas., W.M.Oglesby, Har-V.80, p. 998. 1059, 1425, 2346.
risburg, Pa.

MILFORD, MASS.
MILFORD & UXBRIDGE STREET RY.-Trolley.
ORGANIZATION.
-Incorporated in Massachusetts In 1901. On July
10 1902 consolidated by purchase of entire capital stock with the Milford
Holliston & Framingham St. By. In 1907 the Milford Investment Co.
was organized to finance the floating debt of the Milford & Uxbridge.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock corn $440.000 ($100)$440.000 See earns.
Preferred $100,000 ($100)100,000
See earns.
M. Boil. & Pram. 1st mtge. 1898 5 g J-J
165,000 Jan 1 1918
$165,000($1.000) g_..c*ntt Int. at Amer. Trust Co.. Boston. Trustee.
mileeed sr Uxb gold bonds 1902 5 g J-J
335,000 Jan 1 1918
($1.000) gold
csntf Int. at Amer. Trust Co., Boston, Trustee

ELECTRIC RAILWAYS

SEPT.. 1914.)

-For fiscal year ending June 30 1914, gross, $227,839; net,
EARNINGS.
after taxes, $56,188: other charges, $27,210; divs., $28,000 (5% on corn.
on pref.); surplus. $978.
and 6%
Uxbridge and
-Owns 36 miles of track,from So. Framingham toLake Nipmuc
ROAD.
from Milford to Medway and Hopkinton. Also controlselectric motors.
Park. 47 passenger cars, 8 snow plows and 4 miscell.; 134
-P., Joel A.
OFFICERS.-Pres..John T.Manson,New Haven,Conn.; V.
J. E. Walker, MilSperry, New Haven; Sec., Wendell Wllliams: Treas., 1308; V. 76. p. 102:
-V. 74. p.
Mass.
ford; Supt.. W. L. Adams, Milford,
V.88, p. 375; V. 90, p. 914; V. 91. p. 463. 1160.

MILLVILLE, N. j.
-A trolley road.
miLLVILLE TRACTION.
Outstanding.

Maturity.
Interest.
STOCK AND BONDS- Date.
$175.000
Stock $175,000
208,000 Aug 1 1914
5 g F-A
gold 1894
1st mortgage $400,000
True.
c*fInt. at Land Title& Trust Co., Phila..
($1,000 each)
144.088
"Other debts" Dec 31 1913--call.
-Not subject to
Bonds.
from °per., $19.491.
-For year 1913. gross, $52.733; def.
EARNINGS.
*13,494.
In 1912. gross, $48,385; def. from oper.,
miles of track in Millville. Vineland and TownROAD.-Operates 12.55
operation in 1901.
ship of Landis, of which 8.67 miles put in
G. H.
OFFICERS.-Pres., George Wood; V.-Pres., R. D. Wood; Sec.,
Thomas; Treas., Daniel C. Lewis.

MILTON, PA.
LEWISBURG MILTON & WATSONTOWN PASS, RY.-Trolley.
-Chartered Sept. 3 1897. In 1910 Whittaker &
ORGANIZATION.
control from the Railways Company General.
Diehl of Harrisburg purchasedRR., the Lewisb. Mil. & Watsont. Pass. Ry.
Under contract with Penn.
electrify some 11 miles of track between Montandon and Mifflinagreed to
burg, and to operate a line in conjunction with steam use of that section of
Lewisburg.
road, connecting with present trolley line at East
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$150,000
Stock $150,000
1 194.
5 g F-A
First mortgage $300,000 goldl 1910 Land Title & Tr.160,000 FebTrustee.
Co.,Phila.,
c*JInt. at
($500)
for improvements and ex-Remaining bonds can only be issued
Bonds.
tensions at 80% of cost. Sub, to call as a whole on any int. date after
Feb. 1920 at par.
-For 12 mos. end. June 30 1914. gross. $52,064: net
EARNINGS.
$14.298.
-10 miles of track between points named in title. 11 overheadROAD.
operation cars, 2 storage battery cars run from Montandon to Mifflinburg.
-P., L. G. Brown; Sec. &
OFFICERS.-Pres., John F. Whittaker; V.
Treas.. D. L. Diehl; Asst. Sec.& Treas., W.B. Rankha.-V.90, p. 1363.

MILWAUKEE, WIS.
INC.
THE WISCONSIN EDISON CO..
ORGANIZATION.-Incorp. in N. Y. on Nov. 7 1912 to take over the
holdings in Milwaukee and other Wisconsin public
North American Co.'s
stock ownership, the following cos.:
utilities. Owns or controls, through 'North Milwaukee Light & Power Co.
Milwaukee Light, Heat & Trac. Co.
Milwaukee Elec. Ry.& Light Co. 'Wisconsin General Ry.& Power Co.
'Burlington Elec. Light
Wisconsin Gas & Elec. Co.
I Wells Power Co.
Watertown Gas Sr Electric Co.
of increase of capital
On Apr. 29 1914 the company filed a certificate conversion of the constock from 300,000 to 400,000 shares, to provide for
vertible bonds.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock 215,000 shares (no par
215,000 sh.
value)
Debens 310,000,000 ($1,000,
6,500,000 May 1 1924
1914 6 g M-N
$500 and $100)
Debentures convertible into stock at $80 per share after May 1 1916
and prior to May 11923, and red. at 102 on and after May 1 1916 on 60
days notice. Y. 58, p. 1128.
-For cal. years (combined properties).
REPORT.
Balance,
Calendar Operating Net (after Non-op- Interest Preferred
Taxes). Revenue. Accrued. Dividend. Surplus.
Years. Revenue.
$60,068 $1,226,611 $270,000 $1,165,352
38,348.268 82,601,895
1913
714,704
7,733.151 2,449.581 48,198 1.507,575 275,500
1912
-P., H. H. Pierce; Sec..
OFFICERS.-Pres., Jas. D. Mortimer; V.
Randall;
James F. Fogarty; Treas., Geo. R. Sheldon; Asst. Sec., Robt.
-V.95, P. 1279; 1335; V.98,P.528, 1076, 1128,
Asst. Treas., Robt. Sealy.
1699.
1397,
(1) Milwaukee Light, Heat & Traction Co.
The capital stock is practically all owned by the Wisconsin Edison Co.
-Incorporated Dec. 1896. Owns and operates an
ORGANIZATION.
extensive system ofsuburban and interurban lines radiating from Milwaukee
to Cudahy. South Milwaukee, Racine, Kenosha, Wauwatosa, North Milwaukee. Whitefish Bay,Fox Point, West Allis, Waukesha,Waukesha Beach,
Oconomowoc, Watertown, St. Martins, Muskeg() Lakes, Mukwonago,East
Troy, Waterford. Rochester and Burlington.
The company, besides its railway system, owns and operates electric-light
and power systems serving Cudahy, South Milwaukee, Racine, Wauwatosa, East Milwaukee, West Milwaukee, West Allis, Waukesha, East Troy,
North Milwaukee, Burlington, Rewaukee, Hartland and Oconomowoc.
Control PurchasPd.-In 1907 purchased the $9,000,000 common stock of
The Milwaukee Electric Ry. & Lt. Co. from The North American Co.
This was done in order to make Mil. Light, Heat & Traction Co. the controlling Company instead of The Milwaukee Elec. Ry. & Lt. Co., as was
formerly the case. V. 86, p. 286.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common stock $30,000,000-$10,000,000 See text
5,000,000 May 1 1929
Milw Lt H & Tr Co 1st M gi 1899 5 g M-N
au $5,000,000($1,000) g.c*fInterest at Equitable Trust Co., New York.
mnw Lt IL dr Tr Co ref & ext 1907 5 g .1-7)
callel
6.189,000 June 1 1937
M g $30.000.000 ($1,000)_ Metropolitan Tr. Co., N. Y., and Randolph
Rodman, Trus. Int. at co's N. Y. office.
at 110 on any int. date. They are guar.,
These bonds may be
prin. and int., by endorsement, by The Milwaukee Elec. R.& Light Co.
(V.86, p. 1042). Of the new ref. and ext. bonds,$2,500,000 additional can
be issued immediately, and in June 1908 Wisconsin State RR.Comm.authorized company to issue this amount. This will raise outstanding amount to
37,500,000; up to Sept. 1913 $1.189,000 of 12,500,000 had been issued.
0
$550 .000 is held to retire prior liens. These bonds may be called on any
int. day at 110 and int. V.84. p. 1183. First $13,000,M0 are to bear 5%
int, and remaining $17.000,000 not over 5%. Int, payable at company's
office, 30 Broad St., New York.
-10% per annum paid from 1904 to 1907: in 1907. 2%; in
Dividends.
1908. 355%; in 1909. 34%; in 1910. 4 1-3%. No later information.
-Total mileage,exclusive of controlled Milw,Elec. Ry.& Lt. Co.
ROAD.
-lb. Trail.
was Dec. 31 1912 225.34 miles. 80
-Fiscal years ending Dec. 31:
REPORT.
1913.
1912.
1912.
1913.
$1,443,251 $1,237,384 Other income_ $721.700 $748.894
Gross
550,626
710.982
Expenses • __ _
144,504 Gross Inc _ __$1.276.045 31.204.530
76,896
Depreciation _
614,677
665,706
86,617 Interest
101,028
Taxes

(a) The Milwaukee Electric Railway & Light Co.
-Successor of Milwaukee St. Ry. Co. Jan. 29 1896,
ORGANIZATION.
per plan in V. 60, p. 1009. Embraces all the street railway lines (except
approximately 15 miles single track) in Milwaukee. Entire common stock
Is owned by the Milwaukee Light, Heat & Trac.Co. The company,besides
its street railway system, owns and operates an electric-light and power
system and a central-station steam-heat system in Milwaukee.
In 1909 entered into a contract for 25 years to take a supply of power
from the Southern Wisconsin Power Co. See V. 90. p. 372.
The railway franchises of the company run until Dec. 31 1934. V. 70.
p. 39. Electric-light and power franchises are unlimited in time.
-On Dee. 5 1911 Wisc. Supreme Court affirmed the
License Decisions.
decision of the lower Court holding that the city is not entitled to recover
*187.500 for licenses of $15 each on street cars from 1895 to 1910. V. 93,
p. 1600. On March 12 1912 Judge Turner held invalid the new ordinance
passed in April 1011 levying a license of $15 per car. V. 94, p. 912.
-For physical valuation by Wisconsin RR. Comm. In July
Valuation.
1911 see V. 93, p. 164.
-For six decisions handed down on Aug. 23 1912 by the Wisc.
Decisions.
RR. Comm., regarding fares and wages, see V. 95. p. 544.
The Supreme Court of Wisconsin on May 29 1913 affirmed the order
made by the State RR. Comm. in Aug. 1912 requiring sale of tickets in
packages of 13 for 50 cents instead of 25 for $1. V. 96, p. 1629. An
appeal will be taken to the U. S. Supreme Court. V. 97. p. 521.
On Jan. 7 1913 the Wic. Supreme Court decided that the company must
pave between its tracks on Walnut St. with asphalt, to make it the same as
the remainder of the street. V. 96, p. 203.
Interest. Outstanding. Dividends.
STOCK AND BONDS- Date.
Common stock $20,000,000
Q-M
$9,850,000
(par $100)
Preferred stock $4.500,000
Q-F
4,500,000 Jly '14. 131
6% non-cum (par $100)___
6.500,000 Feb 1 1926
The Milwaukee Elec RV & 1896
5 g F-A
Light Co cons. mtge $8.- Central Trust Co.N.Y.,Trustee. Int. payOP
able at co's office, 30 Broad St.. N. Y.
000,000 gold
6,728,000 Jan 1 1931
434 g J-J
The Milw Elec Ry & Light 1906
Co ref& ext mtge $20,000,- Tru-t Co. of America, New York, Trustee
Interest at company's office
OP
000 gold (81.000)
5.305.000 See text
5 J-D
Gen & ref mtge $90.000.000 1911
gold ($1,000)5er "A".c*tf Int. at N.Y. Bankers Tr, Co., N. Y., True.
-The bonds and the pref. stock are listed on the N. Y.
Stock and Bonds.
Stock Exch. Of the ref. and ext. bonds, $6,500,000 are reserved for prior
liens. $4.000,000 are deposited as collateral to gen. and ref. M. bonds, and
the remaining 32.772,000 are to be issued from time to time and deposited
as security for said gen. and ref. bonds. Bonds are subject to call on an
after Jan. 1 1916 at 108 and int. No sinking fund. See V. 81, p. 1724
1792; V.84. p. 508. Gen, and ref. mtge. falls due Dec. 1 1951, except that
in theevent thecompany has not acquired a franchise extending to 1954 on
or before Dec. 1 1931,the mtge. becomes due on that date. Bonds of Series
A are redeemable on any int. date on and after Dec. 1 1916 at 105 and bat.
on 6 weeks' notice. $13,228,000 are reserved for prior liens; remaining
$72,274,000 are for extens., impts.and acquisitions, at 80% of cost thereof
under certain restrictions. No sinking fund. See V. 93, p. 1787. Bonds
listed on N.Y.Stock Exchange. $4,000,000 ref.& ext. bonds and $750,000
pm.. money mortgage of the Central Heating Co.of Milwaukee are deposited
as collateral for the gen. & ref. bonds.
-all trolley.
-Total track (abt.) 149 miles
ROAD.
LATEST EARNINGS.
-12 mos. end. June 30 1914, gross, $6,075,247:
net, after taxes & depr., $1,817,616; non-op. income, $64,733; interest.
3783,214: surplus, $1,099,134.
-Fiscal years ending Dec. 31:
ANNUAL REPORT.
1912.
1913.
$61.189
Gross
36.016.916 $5,682.356 Other income_ $45,178
Expenses
3,182.407 2,985,770
Gross inc__$1,855,660 $1,813,484
Depreciation _ 633,359
545,525
715,206
733,323
Taxes
398.766 Interest
390,668

Surplus_ _ $661,368 $538,824
$554.345 $455,636
Net
Passengers carried in 1912, 10,998.492, againstI0,409,995 in 1911.
-P. & Gen. Mgr., S. B. Way;
Mortimer; V.
OFFICERS.-Pres., J. D.
-P., Chas. F. Pfister; Treas.,
-P. & Asst. Gen, Mgr., R. B. Stearns; V.
V.
R. Sheldon: Sec. & Asst. Treas., Jas, F. Fogarty; Asst. Sec. & Asst.
Geo.
.
Treas.. F. J. Boehm, Milw.; Asst. Sec., Robt. Randall, N Y. Gen.office,
Public Service Bldg., Milwaukee; N. Y. office, 30 Broad St., N.Y. City
V.85, p. 160; V. 86, p. 286, 1042, 1529; V.•94, P. 1627; V. 95. p. 1274.




71

Surplus____$1.122,337 31.098.278
Net
11,810,482 31.752.295
Passengers carried in 1913. 100.073,659, against 96,607,406 in 1912.
-Regular quarterly dividends of 134% have been paid on the
Dividend.
pref. since Feb. 1900. On the com, stock in 1903. 4%; in 1904, 5%; in
1905, 5%; in 1906 to 1912, inclusive, 6% per annum.
-Same as for Milw. Lt., Ht. & Trac. Co., except that
OFFICERS.
Chas. F. Pfister is not Vice-President.
INDEX.
-V.93, p. 164. 1193, 1387, 1600. 1787; V. 94, p. 827. 912; V.
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.
(b) Wisconsin Gas & Electric Co.
-Succeeded in 1912 the Racine Gas Light Co. (InORGANIZATION.
corp. in Feb. 1867) and acquired the Kenosha Gas & Electric Co. and Kenosha Electric Ry. Does entire gas business in Racine and Kenosha and
the entire electric-lighting, power and street-railway business in the latter
city. Elec. light and power business in Kenosha is done under indeterminate permit. Franchise for street railway extends until 1952. The company has the right to conduct its gas business either under an indeterminate
permit or under the special (perpetual and exclusive) franchises originally
granted.
Maturity.
STOCK AND BONDS- Date. Interest. Outstanding.
$1,000,000
Corn stock 31.000,000 MCCmom
($100)-- ----67
Pref cum $1,000.000
2,000.000 June 1 1952
First mortgage gold (81,0001 1912 5 g J-D
c* Interest payable in New York. Harris Tr.
& $500)
& Savings Bank, Chicago, Trustee.
-Additional 1st M.bonds ca be issued only for 80% of cash cost
Bonds.
of permanent impts., &c., when the annual net earnings are 134 times the
int, charge, incl. bonds to be issued. Bonds red. at 105 and int. on and
after June 1 1917.
-For year ending Dec. 311913, gross, 3753,411; net, after
EARNINGS.
taxes, &c.. $205.622: other income, $5,534; interest charges, 3106.841:
surplus,3104.315. In 1512. gross. $683.967: net,after taxes. &c.,$200.917:
other income, 34.749; interest, &c.. $105.973: surplus, 399,693-Miles of single track, 7.87; miles of gas mains, 121:
PROPERTIES.
capacity of electric plant, 2,200 h. p.
-P., Clarke M. Rosecrantz;
OFICERS.-Pres., J. D. Mortimer: V.
-V. 95, P. 986, 1124, 1275; V. 96, p. 424.
Sec.-Treas., F. J. Boehm.
WISCONSIN TRACTION. LIGHT. HEAT & POWER CO.
ORGANIZATION.-This company, was incorporated at Milwaukee in
Aug. 1900 with a nominal capital of 310,000 (since increased to 31,000,009).
for the purpose of uniting certain properties in the Fox River Valley.
Secured control of the Fox River Valley Electric Ry. and the Appleton
Electric Light & Power Co., and has consolidated them. In Sept. 1904
purchased entire capital stock of the Fox River Valley Gas & Electric Light
Co. and guarantees its bonds, principal and interest. See V. 79, p. 787,
1267.
Proposed Hydro-Eleatic Plant.
-For statement of Pres. Beggs with regard to new hydro-electric plant on Wolf River, see V. 91. p. 1770.
In Mar. 1914 the Wisconsin Supreme Court sustained the State RR.
Comm. in holding, in company's suit against the city of Menasha, that the
city cannot do a commercial lighting business in connection with is own
street-lighting service without the necessary authority from the Commission.
V. 98, p..764.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$699.400
Stock $1,000,000 ($100)___
5 g J-J
1.120,000 July 1 1931
First mtge (33.000.000) if,- 1901
000 gold no sink fund _ _ _OP Int. at First Say. & Tr. Co., Milw., Trustee.
350.000 April 1 1921
5 g A-0
Fox River Valley first mtge 1901
$350,000 ($1,000) gold_ c Merchants' Loan & Trust Co., Chic., Trust.
6
15.000 Nov 1 1914
Appleton Gas Light & Fuel__ ____
-Entire issue of Wisconsin Traction, Light, Heat & Power Co.
Bonds.
bonds may be called on any interest date at 110 and interest. The Fox
River Valley bonds are subject to call at 105 and int.
-For years ending Dec. 31:
EARNINGS.
Gross.
Surplus.
Net(aft.taxes.) Other Inc. Interest,
Year310.005
374,400
8135,566
8392.278
1913
371.171
359,382
8,822
139,134
74,400
1912
73,556
-Operates 15 miles of track, connecting Neenah. Menasha,
ROAD.
Appleton and Kaukana,and 5 miles locally in the city of Appleton; total, 20

72

ELECTRIC RAILWAYS

[VOL.

xcix.

miles. Owns electric-lighting plants in Appleton, Neenah and Menasha and
MOBILE, ALA.
supplies gas to Neenah, Menasha and Appleton.
MOBILE LIGHT 8c RA ILROAD.-Trolley.
OFFICERS.-Pres., John I. Beggs; V.
-P., Chas. F. Pfister, Milwaukee;
-A consolidation on Sept. 1 1901 of the Mobile Light
Sec. and Treas., A. K. Ellis.
-V.79, p.787. 1267; V.91, p. 96, 1770; V. 98, & ORGANIZATION.
Railroad and the Mobile Street RR.; the franchises of both companies
p. 764.
were extended on Sept. 12 1901 to March 12 1955. See V. 73. p. 616.
In July 1906 the Mobile Elec. Co. purchased the electric-light plant of
the company and under contract of purchase pays to the Mobile Lt. & RR.
MINNEAPOLIS, MINN.
seventy semi-annual payments of $11,464.
-An electric road.
TWIN CITY RAPID TRANSIT.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
-Organized under the laws of the State of New Jersey
ORGANIZATION.
Stock
$2,250.000 June'14.1 0
,
June 3 1891 and by virtue of its stock ownership of the underlying com- Stock $2,250,0 (par $100)-5 g J-D
400,000 July 1 19 7
wit,The Minneapolis Street Railway Co.,The St. Paul City Rail- First mtge gold ($1.000)-ntff 1897
panies (to
tint. at Farmers' Loan & Trust
N. Y.
way Co., the Minneapolis Lyndale & Minnetonka Railway Co. and the
270,000 May 1 1923
Co..
Minneapolis & St. Paul Suburban) controls the entire street railway system Mobile Street RR first mtge( 1893 6 g M-N
gold $300,000
c*n tf Farmers' Loan & Trust Co.. N.Y., Trustee.
of Minneapolis, St. Paul, Stillwater, and lines to Excelsior, Tonka Bay and
Interest at National City Bank, New York.
Deephaven at Lake Minnetonka. In 1906 absorbed the North Side Street
5 g M-S
1.443,000 Sept 1 1941
By. (Robbinsdale line) and the St. Louis Park line; V. 83. p. 1472. In Consolidated mortgage, gold I 1901
(31.000) $2,250.000_ _ _Ottf Interest at New York Trust Co., N. Y.,Trus.
1905 articles of incorporation were amended so as to make the charter
Bonds.
-Of the $2.250.000 mtge.. $670,000 reserved for prior liens.
perpetual. V. 80. p. 1914.
Franchise and Fares.
-Mayor Haynes of Minneapolis on Feb. 18 1907 $77.000 are in treasury of company. $30.000 have been retired by sinking
signed an ordinance requiring street railways to sell six fares for 25 cents. V. fund and $30,000 have been canceled.
84,p.451. 509. on Aug. 24 1907, however,Judge Lochren of the U.S. CirEARNINGS.
-For cal. year 1913. gross. $623,680; net, after taxes.
cuit Court granted a permanent injunction against enforcing the ordinance $251,405; charges, $104,497; surplus. $146.908. In 1912, gross. 8609,559;
(see V.85,p. 532). On Jan.3 1910 U.S.Supreme Court affirmed the decision net, after taxes, $224,823.
of Judge Lochren. This decision sustains the company's claim to a 50
Dividends.
-Initial dividend-34%-Aug. 1 1909; in 1910, July, 35%;
-year
franchise from July 1 1873. with the right to charge 5
-cent fares. V.90,0.111. in Ma. Jan.. % % June, J4% Sept., 234%; in 1912, June. 134% In
Settlement with City of St. Paul.
-For decision as to right to build new 1.913, Sept., 2%. In 1914, June, 1%•
lines in St. Paul,see V. 79. p. 271, 2087, and for settlement with City of St.
ROAD,&c.
-Owns 61 miles of track in Mobile and extensions to MagaPaul by which the city relinquishes its right of appeal from this decision and
the company agrees to pay into the city treasury a gross earnings tax of 6%; zine Point. Spring Hill, Whistler and Monroe Park. Company also owns
"Monroe Park" and water power and 320 acres of land.
see V. 80.p. 1175.
Decisions.
-On April 21 1911 Judge Willard in U. S. Dist. Court at
-P., J. W. Whiting:
Wilson; V.
OFFICERS.-Pres. & Gen.
Minneapolis denied the application (V. 92, p. 1637) to restrain the enforce- Sec. & Aud., M. W. Glover; Treas., C. White Spunner.-V. 86, p. 1529.
ment of an ordinance directing the construction of 9% miles of extensions.
New Subsidiaries.
-Because of a decision of the Supreme Court holding
MONMOUTH, ILL.
that suburban lines, as railways, are amenable to the Minnesota 4%
gross
earnings tax, it was decided in Mar. 1910 to incorporate the Minneapolis
-An electric and steam road.
ROCK ISLAND SOUTHERN RA I LWA Y.
& St. Paul Suburban RR. (81,000,000 stock, increased to $3,000,000 in
-Incorporated in Illinois under the steam railroad
ORGANIZATION.
Jan. 1911; debt limit was also increased to 310,000.000; V. 92. p. 187), law on April 25 1905. Has private right of way between cities and through
the Minnetonka & White Bear Navigation Co. ($250,000 stock) and the Monmouth. V. 89. lc 1668. Leases Rock Island Southern RR. (see below).
New Securities, Merger, &c.
Rapid Transit Real Estate Corp., $15.000 stock, and to re-arrange matters
-In Nov. 1913 the shareholders voted on:
so that the suburban lines, the steamer lines and the hotels, parks. &c.. of (1) Increasing capital stock to $3,550,000. $1,050.000 to be 6% cum. pref.
the company might be handled separately for taxation and accounting and $2,500,000 corn. (2) Purchasing Aledo Terminal Ry. and .Alexic By..
already operated. (3) If such purchase is authorized, the sale of $2,500,000
purposes. V. 90, p. 850.
bonds. The building of a line into the city of Rock Island from the present
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. terminus of the line upon the outskirts of the city is stated to be one of the
Twin City Rapid Transit
principal improvements proposed. V. 97, p. 951.
Corn $22,000,000 ($100)-- ____
5 Q-J
$21,511,300 Oct'14, 14
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Pre:cum $3.000.000($100)- 1895 7 Q-J
3.000,000 Oct '14, 131
Stock $2,500,000
$2.500,000
Minneapolis Street Railway Co.
First cons M g $5.000,000_c* 1889 5 g J-J 15 5,000,000 Jan 15 1919 First mortgage $2,500.0001 1908
2.282.000 Jan 1 1947
5 8 J-J
St Paul City Railway Co
13 ($100. $500 & $1,000)-tfjInt. at Central Trust Co.. Chicago. Trustee.
New bonds
First mtge on real estatet 1882 6 g A-0
224,000 April 1 1932
Bends.
-Additional bonds may be Issued for betterments and improveand horse-car franchise_!Exchangeable at 105 for first consolidated.
ments.
First consol mtge gold
1884 6 g A-0
456,000 Oct 1 1934 See V. Bonds are subject to call after Sept. 10 1913 at 105 and interest.
84, p. 104; V. 89, p. 1660; V. 95, p. 545.
Cable cons gold (see text)
1887
5 g J-J 15 3,708.000 Jan 15 1937
Minneapolis & St Paul Suburban RyROAD.
-Runs north from Monmouth to a connection with the Chic.
1st M g 8500,000 guar by 1899
5 g M-S
500.000 Sept 1 1924 Rock Island & Pac. By. at Monmouth Junction, 31 miles, and thence opTw Cy R T & St P Cy_c*jInterest at Central Trust Co.. N.Y.,Trustee erating into city of Rock Island, a distance of 22 miles, by lease over the
Minn Street & St Paul City RyChic. R. I. & Pac. By., which has been electrified. Also 7 miles from
Joint consol mtge $10.000.- 1903
5 g A-0
10.000,000 Oct 1 1928 Gilchrist June. to Aledo and 6 miles from Alexis Jct. to Alexis. Total
000 ($1,000)gu p & I c* Central Trust Co. of New York, Trustee.
miles of single track operated, 72.29. Has connections for Davenport,
All bonds are for $1.000 each, and, with the exception of the Minneapolis Ia., Moline and Galesburg. Ill. 10 pass., 243 freight. 2 express and freight
& St. Paul Suburban By. and the joint issue of 1903, interest is payable and 7 work cars; 7 steam locomotives. 75-85-1b. rails.
at Farmers' Loan & Trust Co., New York.
EARNINGS.
-Combined earnings for cal. year 1913. gross, $430,788;
Stock.
-In May 1902 stockholders were given at par $1.501,000 additional
stock (V. 74. p. 1039), in June 1905 31,000.000 at par (see V.50, p.2400). net, $192.842.
-P. G. H.
OFFICERS.-Pres., E. C. Walsh; V.
-P., M. A. Walsh; V.
in June 1906 52,100,000 at par (see V. 82,
1269), and in June 1914, Higbee; Sec. & Gen. Mgr., J. W.
.
Walsh; Treas.. C. H. Walsh -V.89.
$1,925.000 at par. Stock listed on N.Y.Stock Exchange.
p.
Bonds.
-The Minneapolis Street Railway Co. Jointly and severally with 1668; V. 97, p. 951.
(1) Rock Island Southern Railroad.
the Minneapolis Lyndale & Minnetonka Railway Co.,issued $5.000.000 5%
Lensed to the Rock Island Southern Railway subject to 12 months'
30
-year first mortgage and first consolidated mortgage gold bonds. See
statement to New York Stock Exchange in June 1895. The consols are notice to cancel.
also listed in London. V. 60, p. 1149.
ORGANIZATION.-Incorp. in 1906 under Steam
Act of Illinois.
The St. Paul City Railway Co. has issued $4.388,000 5% 50
-year cable con- Operated by electricity for passengers and steam for RR.
freight. Franchises
solidated bonds (including 3680.000 held by the Farmers Loan & Trust Co., in Monmouth are for 20 years.
trustee, to redeem the $680,000 prior lien bonds above); limit fixed by this
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
mtge. was 35,500,000. but by the joint cons. mtge. of 1903 no further un- Stock $500,000 ($100)_
$500,000
derlying bonds can be put out. V. 77, p. 2281. Part of these cable First mortgage 32.500,000 gl
5 g J-J
, 1
47
B210,00
consols ($1,138,000) are guar. (p. & I.) by end. of Twin City Rapid Transit
($1,000) red at 105
cjInt. at Amer. Tr.& Say.5
Chic.,Trustee,
1895. V. 60, p. 1150. Of
in June
Co. See statement to N.Y. Stk.
ROAD.-16 miles between Galesburg and Monmouth. 75-1b. rail.
Exch.
the 1st cons. mtge. of the St. Paul City. $224,000 are held by the Farmers'
Standard gauge.
Loan & Tr. Co. to be exchanged for the $224,000 first mtge. bonds.
The Minneapolis Street Ry. Re St. Paul City Ry. consolidated mortgage of
OFFICERS.-Pres., M. A. Walsh; V.
-P., E. C. Walsh; Sec. & Gen •
1903 is a joint issue of the Minneapolis Street By.and the St. Paul City By.; Mgr.. J. W. Walsh; Treas., C. II. Walsh.
remaining bonds are reserved for new construction, additions and improvements at 90% of cost. Guar. p. & L. by endorsement, by Twin City Rapid
MONTGOMERY, ALA.
Transit Co. (see V. 77, p. 2281 and 2340).
MONTGOMERY LIGHT 8c TRACTION CO.
-All dividends on preferred to and including Oct. 1914
Dividends.
-A trolley road.
ORGANIZATION,&c. Montgomery Trac.
First dividend of
(m%)have been paid.1900, 3%; in 1901.1% was paid on the common On Dec. 29 1911, having acquired the lighting Co. was chartered in 1893.
3%%; in 1902, Feb.. 2%.
stock in Aug. 1899; in
property owned by Richard
Tints, name was changed from Montgomery Trac. Co. to above title(V.94.
paid May 1902; Aug.. 131%; Nov..
,
changed to quarterly. and 131%
%
1910 to 1913. 6%. In 1914, Jan.. 1%%; p. 207). and in June 1912stock was increased from 81,000,000 to 32.000,000.
1903 to 1900. inc., 5% per
to pay for new property. V. 94. p. 1764. Stock had previously been deann.•.
April. 134%; July, 1%%; Oct., 1%%.
-Consists of 412.38 miles of track,including four interurban lines creased from $2.000.000 to $1,000,000 in 1909. V. 88. p. 375.
ROAD.
Does entire street railway business and has an electric light and power
Minneapolis and St. Paul, an interurban
connecting the business centres of
line of 22 miles connecting St. Paul and Stillwater, and lines to Lake Minne- system in Montgomery and its suburbs. Street railway franchises that are
not perpetual expire between 1932 and 1942. Electric light and power
tonka. Standard gauge.
On the principal streets of the cities 90
-lb. T rail with welded joints and franchise runs till 1940.
STOCK AND BONDS- Date.
imbedded in concrete was used.
Interest. Outstanding. Maturity.
Power.
-The company leases water-power at St. Anthony's Falls (ca- Stock 32,000.000 ($100)-32.000,000
pacity 22.000 h. p.), which power is now used in conjunction with power 1st & ref M 55.000.000 sk fd__ 1912 5%
a.noo.olo April 1 1942
generated at new steam power plant to run the entire railway system in Mont Street By 1st mtgel 1893 6 g F-A
350.000
1923
3?°°githegold
(Int. at Farmers' L.& T.Co., N.Y.,Trustee.
both cities. See V. 64. p. 704.
1st & refunding bonds, $350.000 are reserved for prior
Bonds -Of
$
ANNUAL REPORT.-Fiscal year ends Dec. 31. Report for 1913 was
lien and 53.650.000 for add'ns & betterm'ts at 80% of cost, or for acquisiin V. 98, p. 604,showing results on the entire property as follows:
tion or refund.,$ for S. of bonds of other properties which may be acquired.
1913.
1912.
1910.
1911.
Revenue pass. carried_ _175.895.811 162,407.993 154,380.730 146,980,553 Sink. fd. equal to 1% of all bonds authenticated annually beginning April 1
Transfer pass. carried__ 63.914,277 57,584.451 51.844,378 48,813.577 1916 RNN0 - f *
5§. . 47
EA Vi 9 1) 0 combined properties for cal. year 1913,
.
Receipts from transp'n- $8,818,178 $8,147,199 $7.749.158 $7.481,696
gross. $407,8
$-0pe .
52,158
Rects,from other sources
61,768
49.953 237; net .29,57 rates 38 miles of
62,035
track (of which 4 miles are
track) in
Montgomery and to Pickett Springs; 56 cars. Standard double 70
$8.870,336 $8,208,967 $7,811,193 $7.531,649
Total receipts
gauge; -lb. T
Operating expenses
$4,500.641 $4,198,001 $3.906,716 $3,667,702 and 95-lb. girder rail. Power-house capacity, 4.000 k.w.
OFFICERS.-Pres.. Ray Rushton; Sec., H. F. Crenshaw; Treas.,
Net earnings
$4.369.695 $4,010,966 $3,904.477 $3,863,947
Norton.
-V. 88. p. 375: V. 91, p. 1026; V. 94, p. 207. 1764;
Interest and taxes
$1,561,440 $1,529,230 $1,486,129 $1,466,394 Chas. E. 47.
210,000 V. 95. p.
Divs, on pref. stk.(7%)
210.000
210.000
210,000
1,206,000
1,206,000 1,206,000
Divs. on corn. stk.(6%) 1,206.000
$2.977,440 52.945.230 $2,902,129 $2,882,394
Total
n1,392,255 n1,065.736 n1.002,348 n981.553
Balance,surplus
* In 1913 $1,060,000 was appropriated from this amount for renewal
fund, against $755,000 in 1912. $750,000 in 1911 and $736,000 in 1910.
OFFICERS.-Pres., Calvin G. Goodrich; 1st V.
-P. Horace Lowry;
-P.& Sec., A. M. Robertson: Aud., D. J.
2d V.
-P., John R. Mitchell; 3d V.
&rouse; Treas., E. A. Crosby.
-V. 92. p• 190, 324, 793, 1637; V. 94, P•
345, 352; V. 96, p. 361, 850; V. 97, p. 1735; V. 98, p. 388. 504, 1768, 1847;
V. 99, p. 50.

MONTOURSVILLE, PA.

MONTOURSYILLE PASSENGER RAILWAY.
-A trolley road.
ORGANIZATION.
-Chartered in Pennsylvania June 28 1897. Commenced operations Dec. 16 1897. Owns all the stock of the Montoursville
Electric Light Co. Stock auth. and issued, $75,000. Funded debt auth.
and issued, $112.000 5% 30
-year gold bonds (tf) dated May 11908. int.
M.& N. Operates 534 m.of track from Williamsport to Montoursville,Pa.
EARNINGS.
-12 mos. ending Dec. 31 1913 (incl. Mont. Elec. Lt. Co.).
gross. 316.109; exp.. taxes. int., &c.. 316.573; deficit. $464.
OFFICE RS.-Pres., C. L. Pensive,
-P., F. C. Leonard,
Coudersport; Sec. & Treas., W. P. Williamsport; V.
MINNEAPOLIS ST. PAUL ROC -I. & DUBUQUE ELEC. TRAC. CO. Frank Renninger, Montoursville.-V.Beeber, Williamsport; Gen. MST••
88, p. 375; V. 91, p. 1026; V. 94.
--Commonly known as "Dan Patch Elec. Line.' Operates a unit power p. 207, 1764; V. 95, p. 47.
car system.
ORGANIZATION.-Incorp. on June 10 1907 in Maine to construct a
MORRISTOWN, N. J.
line 300 miles long connecting Minneapolis and St. Paul. Minn. and DumoRRiS COUNTY TRACTION.
buque. Ia. 108.2 miles of road between Minneapolis and Mankato, Minn.,
-An electric road.
ORGANIZATION.
in operation; 17 additional miles graded (3 miles of which is on private right-Incorporated in New Jersey in 1899. Charter
of way in Minneapolis), bringing passenger and freight cars into the heart gives company right of eminent domain. Built mostly on Private right of
leased from the way. Franchises through towns are perpetual or for 35 years.
of the business district of Minneapolis. In June 1914
OnFeb.21 1913 the N.J. Pub.Utility Comm. approved the plan to issue
Chicago Great Western RR. for 50 years the portion of its line extending
from Randolph to Mankato, Minn., 57 miles. This makes 108.2 miles $300,000 cap. stock to retire the $3.000.000 existing stock (one new share
operated. V. 99 p 197 Auth. corn, stock, $15,000,000; issued, 34,895,- for ten old), and $4,179.000 bonds of an auth. $5,000,000. to be secured by
auth. pref. (6% nen-cum., red. after 1913). $10,000,000; issued, a mtge. to the Safe Dep.& Tr. Co. of Pittsburgh, as trustee; $3,000,000 for
.
$3,226,500. There is no bonded debt. Pres. & Treas. M. W. Savage; refunding existing bonds and 51.179,000 for other indebtedness. V. 95. P.
1746, 680; V. 06,P. 653.
See., M.H.Boutelle.-V.92. n• 1109; V.93, p.731; V.99, p. 197.
'




SEPT., 1914.]

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock common (see text)__
$300,000
First mortgage $3.000.001 1905 5 g J-13 15 3.000,000 June 15 '35
($1,000) gold callable at Safe Deposit & Trust Co., Phila., Trustee.
110 and interest_ _c*&r.tf
Int. at National Iron Bank, Morristown.
General mortgage $5,000.0001 1913
5 g J-D
1.179,000
1948
($1,000) gold
c*.tflint. at Safe Dep.& Tr. Co.,Pittsb., Trustee.
Bonds.
-Of the gen. mtge. bonds, $3,000,000 are reserved to retire the
first mtge. 5s. No sinking fund. May be called at 105.
EARNINGS.
-For calendar year 1913, gross, $282,402; net, 585.737.
In 1912. gross, $257,547; net, $53,023.
ROAD.
-Is to build 75 miles of road from Elizabeth, N. J.. to Netcong,
with a branch from Denville to Boonton and other branches. Road is in
operation from Morristown to Lake Hopatcong, 21K miles, with branches
to Boonton, 5 miles, and to Wharton, 23i miles; also from Elizabeth to
Springfield, 6 miles, and from Maplewood to Springfield, 24 miles, and
thence 8% miles to end of track at Danforth Road (1 miles beyond Madison), total 46.95 relies of road. Total track in operat on, 58 miles. From
Danforth Road to Morristown there is a gap of about 3 miles. Gauge,
-lb. T rail in country,80-lb. girder in cities.
4 ft.8% in. 70
OFFICERS.-Pres., Henry R. Rea. Pittsburgh, Pa.; V.
-P., Jos. K.
Choate, Morristown; Sec.& Treas.,0. G.Schultz, Morristown; Gen. Mgr.,
-V.95. p• 680. 1608. 1746; V.96, p. 63,653; V.97. p. 521.
C.0. Weidman.

MOUNT HOLLY, N. J.
-Trolley.
BURLINGTON COUNTY TRANSIT CO.
ORGANIZATION.
-Incorporated in New Jersey on July 1 1910. as
County Ry. Co. V. 90. p. 1612. Stock auth.
successor to the Burlington
and issued, $120,000 ($50). No bonds.
EARNINGS.
-For calendar year 1913, gross, 273,171; net. 27,628. In
1912, gross, 267,166: net, $4,891. In 1911, gross, $64,108; net, $6,507.
-About 15 miles of track from Burlington through Mt. Holly
ROAD.
and HainesPort to Moorestown. 60-1b. T rail. Gauge, 5 ft.
OFFICERS.-Pres., I. Snowden Haines; V.
-P., Albert Haines; Sec. &
Treas.. Armitt H. Coate; Mgr., Louis Richards.

MUSKEGON, MICE.
MUSKEGON TRACTION & LIGHTING CO.
In Jan. 1906 almost the entire stock was acquired by the American Light
& Traction Co. V. 82, p. 49.
ORGANIZATION.
-Incorporated in Michigan on March 11901. and is
a consolidation of the street railway, electric-light and gas companies of the
city. Franchises expire: gas. 1925; electric. 1930; railway,indeterminate.
Does not now do city lighting. V. 93. p. 1387.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock 2600,000 (2100)_
$600,000
6
Preferred 5100,000 6% cum_ •63,000
See text
5 g M-S
First mortgage $600,000 gold{ 1901
600,000 Mar 1 1931
tf Interest at Wyoming Valley Trust Co.,
($1,000)
Wilkes-Barre. Pa.. Trustee.
Callable at 105
-On preferred stock 6% yearly from 1902 to date.
Dividends.
ROAD.-Ovrns 15 miles of road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon Ry., which operates 40 miles of track
between points indicated in the title.
OFFICERS.-Pres., John Vanderwerp; V.
-P.. J. T. Young; Sec. Sz
Treas., H. P. Lewis, Muskegon; Asst. Sec. & Asst. Treas., C. N. Jeliffe;
-V.92, p. 595; V. 91. P. 1387; V. 96, p. 1840.
Aud., H. P. Lewis.

73

does entire commercial electric-lighting bus ness in
Nashville. Franchises
perpetual. Practically all common stock and
pref. stock owned by the Tennessee Ry., Light &a substantial amount of
Power Co.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Common 34,000,000
$4,000,000 See text
Q-J
Prof 5% cum $2,500.000_____
Q-J
2,500,000 July'14. 1K
McG & Mt V Horse RR lstM 1886 6 .14
65,000 July 1 1926
($100,$500 & $1,000)_cntf Int. at Nashville Tr. Co.,Trustee,
& in N.Y.
Second series ($1,000_cntf 1887 6 J-J
485,000 July 1 1937
Int. at Nashville Tr. Co.. Trustee,& in N.Y.
Nashville & Edgefieid 1st M 1886 6 J-J
99.000 Jan 1 1917
100.$500 & 21.000)_cn tf
onsol M $400.000 ($1OO. Int. at Nashville Tr. Co.,Trustee,& in N.Y.
1890 6 J-J
274,000 Jan 1 1920
2500 and $1,009)
cntf
Nashville St Ry 1st mortgage Nashville Tr. Co., Nashville, Tenn., Trustee
1895
5 g J-J
907,000 Jan 1 1925
$2,000,0013 g (21,000)_cntf Nashville Trust
Co.. Nashville, Tenn., Trus.
Nashv Ry Sz it consol
1903 5 g J-J
$6.000,000 g ($1,000) sink- Interest at Guaranty 4,054,000 July 1 1953
Trust Co.,N. Y.,Trus.
ing fund
cstf
Nash Ry & Lt ref & ext mtge 1908
5 g J-J
3,310,000 July 1 1958
.
515.000,000 ($500. 31,000) Int. at Guaranty Trust
Co.. N.Y., Tru.stee,
gold
c*tf I or at Nashville
Bonds.
-The Nashville Ry. & Lt. consols of Trust Co., Nashville.
1903 are subject to call on
any interest date on 60 days' notice
at 107%. No more can be issued
except $56.000 now in treasury.
Sinking fund
mences July 1 1913, but only if company has 230,000 per annum, coma surplus above charges and
div. on pref. stock; bonds to
Nashville & Edgefield Consol. be kept alive in sinking fund. Int, on the
or Hanover Nat. Bank,N.Y. 6s payable at office of company in Nashville
Int. on Nashville St. Ry,bonds of 1895 payable at Mechanics' Nat. Bank,
35.940.000 are reserved for priorN. Y. Of the new ref. and ext. bonds.
liens, $444,000 are in treasury, and 25.306,000 may be issued at rate of
$1,000
future improvements and equipments, not for each $1.250 expended for
over $700.000 to be issued in any
calendar year, and subject to certain
other conditions. Bonds cannot be
called. Sinking fund of
of 1% of outstanding bonds starts Nov. 1 1918.
bonds in sinking fund being kept alive.
See particulars of bonds, property,
&c.. in V. 87,P.227.
Dividends.
-The first dividend on pref. stock
-23 -was paid Jan. 1
1905 and 2% each six months since to
and including July 1910. In Oct.
1910 changed to quar. and paid 1
%,and same amount quar. since to and
incl. July 1914. First div.on com.-1%-w
as
3%. In 1911, Jan., %; April, 7 July, paid July I 1909. In 1910,
0:
1%; Oct., 1%. In 1912,
Jan•,
MaY. 11 leclall IulY. 1%;Sept.. 13i%; Nev..2%• 1n1913,
Feb., 1)%, special; aY, 3%;
Aug.,
%. None since to Jan. 1914.
Practical y all common stock acquired
by Tennessee fly. Lt. & Pow. Co.
,
in May 1912.

p

REPORT.
-Years ending July 31:
July 31.
Total
Net (after Int. on Pref. Div. Balanee,
YearEarnings.
Taxes). Bonds,&c. (5%).
Surplus.
1913-14
$2.247,867 $859,540 $500.428 3125,000 3234,112
1912-13
2,155,735
898,729
449,792
125,000
323.937
ROAD.
-Operates 84 miles of track. Has
standard gauge. 70 to 100-1b. T and girderbeen changed from broad to
rails. 188 passenger cars,
34 miscellaneous cars.
OFFICERS.-Pres., C. M. Clark; -P., M. S. Hopkins; V.
-P. & Gen.
Mgr., F. W. Hoover; Sec. & Treas. V.
-V.92. p. 262. 1370,
1701; V. 94, p. 351, 768, 827, 1311,H. C. Walters.
1449; V. 95. p. 1608; V. 96, p. 420,
863; V. 97, P. 887: V. 98, p. 763, 1538,
1767.
(2) Chattanooga Railway & Light Co.
Tennessee Ry., Lt. & Pow. Co. owns all
the 33,000.000 common and
$2.000,000 pref. stock.
ORGANIZATION.
-Incorporated in Tennessee on July 29 1909 as a
consolidation of the Chattanooga Railways Co. and
Co., per plan V. 88, p. 1497. V. 89, p. 285. Own; Chattanooga Electric
MUSKOGEE, OKLA.
entire capital stock of
Lookout Mountain Pty. Co. Does entire street railway,
MUSKOGEE ELECTRIC TRACTION CO.
excepting one
-A trolley road.
interurban line, and practically all the electric-light
ORGANIZATION.
-Incorporated in 1904 in Indian Territory. In Oct. In Chattanooga and vicinity. Suburban lines run toand power business
Missionary Ridge,
1912 acquired the People's Electric Ry., which was merged into this prop- Chickamauga Park and Lookout Mountain. In 1911 made
erty, and issued $600,000 new 1st M. bonds to refund an earlier issue of tract with Tennessee Power Co. under which it will obtain a 30-yr. conall power re$450,000 and in part payment for the People's Elec. Ry. $200,000 addi- quired for its purposes and will use its steam stations for reserve only.
tional bonds will be issued in final payment when annual net earnings are Franchises, with minor exceptions, without limit of time.
twice the interest charges on bonds out, including these $200,000. FranSTOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
chises are unlimited as to time.
Common 23,000,000($100)23,000,000 See text
Right of Purchase by City.
-The city has the right to purchase all the com- Prof 52.000,0005% cum(3100)
Q-J
2,000,000 See text
pany's property within city limits in 1934 and at the end of every 15
-year First and refunding mortgage 1909
5 g M-N
2.395,000 May 1 1956
period thereafter, at a price determinable by arbitration, but in case of
$15,000,000 g ($1.000).c*tf i Fidelity Trust Co., Philadelphia, Trustee.
such purchase the bonds must be either paid off or assumed by the city, Chatt Rys 1st cons mtge, see 1906
5 g M-N
2,165,000 May 1 1956
and in the latter event the company must be allowed to operate its cars
text ($500 St 21,000) gc5t14 Int. at
from suburban or interurban points to the centre of the city on a rental Chatt El Ry 1st M $625,000 1898 Comm.Tr. Co.of Phila., Phila.,Trus.
5 g J-J
625,000 Jan 1 1919
basis. See V. 95, p. 1331.
g not sub to c($1.000)c5ntfj Int. at
Has favorable long-time power contract with the Muskogee Gas & El. Co. Twp-year 5% gold notes $2-I, 1913 Maryland Trust Co., Bait., Trustee.
5 g J-D
596,000 June 1 1915
000,000
STOCK AND BONDS- Date.
cntf Penn Co. for Ins. on Lives, &c. Trustee.
Interest. Outstanding. Maturity.
Stock.- Prof. shares equally with com. after corn. has received 5%.
Stock 2500,000 ($100)$500.000 See text
Bonds.
First mtge $5,000,000 sinking'. 1912 5 g M-N
-The 33,000,000 Chattanooga Rys. mtge. has been closed at
600,000 May 1 1934
fund gold ($1,000)
c*f Int. at Equitable Tr. Co., N. Y., Trustee. $2.790.000, of which $625,000 are reserved to retire prior liens; callable any
int. date at 107 and int. on 3 mos.' notice. Of the 1st & ref. boncLs, $2,790.Remaining bonds may be issued for additions and
of cost, with certain restrictions. Subject to call as a betterments at 80% 000 are reserved for prior liens and $9,457,000 for extens., betterments and
whole, or in part.
105 and int. on any int. day on 3 weeks" notice. Semi-annual sinking at impt. at 85% of cost. $358,000 pledged as part security for Chatt.
Ry.
fund
beginning Jan. 1 1914 of yi of 1% of all bonds outstanding.
V.95, p. 1331. & Light Co. 5% notes due 1915. No sinking fund; bonds are subject
Dividends.
-I908, 5%; 1909. 6%; 1910 to 1912, inclusive. 8%•
to call at 105 and int. on any int. date after Nov. 1 1916. Int. pays
able at Hodenpyl, Hardy & Co. and at office of' trustee. V. 89, p. 846.
EARNINGS.
-For year ending Dec. 311913,gross,$174.320; net,
$58,The 2
611; taxes, bond hit. and other charges, $40,589; surplus,
-year notes can only be issued to the extent of 80% of the
$18.021. Pass- of the bonds pledged as security. Interest payable at office face value
engers carried in 1913. 3.246,696.
of E. W.
Clark & Co., Philadelphia, Pa.
ROAD.
-Operates city lines, 16.13 Miles, and Interurban
Dividends.
-Practically all the com. and pref. stock is owned by the
and suburban.
15.13; total, 31.26. Standard gauge, 70
and 60-1b. T rail. 47 pass. cars Tennessee ity., Light & Power Co.
(of which 34 pre
-payment): 2 misc, cars and 1
an amusement park on Arkansas River about elec. locomotive. .Also owns
EARNINGS.
-For 12 mos. ending June 30 1914. gross. 51,162.036;
5 miles from Muskogee.
net, after taxes, $454,908: interest, &c. 3320.791; pref. div. $100.000;
OFFICERS.-Pres., R. D. Benson; V.
W. M. Cutlip; Local Mgr., R. D. Long.-P., W.S. Benson* Sec. & Treas., suMlus, $34,117. Passengers carried during calendar year 191:3. 17.861,-v.95. p. 1331.
493, against 16,641,504 in 1912.
ROAD.
-Including Lookout Mountain Hy., operates 72.34 miles of
'single track. Extensions to Chickamauga Park and Lookout Mountain
NASHVILLE, TENN.
are under construction. Gauge, 4 ft. 83i in. T and girder rails.
114
TENNESSEE RAILWAY LIGHT & POWER CO.
Pass..6 trailers. 2 incline cable and 9 work cars. Two generating stations;
total capacity 9,400 h. p.
ORGANIZATION.-Incorp.in Maine on April 23 1912.
a holding company and owns all the stock of TennesseeV.94.p. 1120.
Is
OFF10ERS.-Pres., C. M. Clark; V.
Power Co.. a and
-Ps., M. S. Hopkins, H.
large majority of the Nashville Ry.& Lt. Co.
F. W. Hoover; Sec. & Treas., G. L. Estabrook; Asst. Sec.L. Clark
com. and Chatt. R.&
& Asst
Co. corn. and pref., and all the stock of the Harpeth Elec. Light & Light Treas., Wm. Bhigham. Office, Chattanooga,
Power V. 95,
Tenn.
-V.89. p. 285, 848
Co.
p. 543. 1122.
Bankers offered Tennessee Power Co. bonds and Tennessee
Ry. Light Sz
(a) Lookout Mountain Railway Co.
Power corn. and pref. stocks in April 1912 on basis of $1,450 for each
block
ORGANIZATION.
-Owns electric line on top of Lookout Mountain
of $1,000 bond and $500 pref. and $1,000 corn. stock . V. 94. p. 1120.
and, through stock ownership, controls the Lookout Incline Co.
AUTHORIZEDSTOCK
Outstandiny.
Last Mo. stock and bonds are deposited under the company's mortgage). (whose
Common 520.000,000 (5100)
Stock
220,000,900
all owned by the Chattanooga Railway & Light Co.
Prof $50,000,000 ($100) 6% cum (see text)
10,250,000
except short piece of track on which franchise expiresPrivate right-of-way
See text
in 1926.
STOCK.-Pref. stock is entitled to cum. divs. from June 11912.
STOCK AND BONDS- Date.
V. 94,
Interest. Outstanding. Maturity.
p. 1120.
Stock ($500,000)
2500.000
-Initial div. on pref., paid Sept. 1912, 1 Si %;same
Dividends.
1st mtge $2,000,000 (51.000)1 1913 6 g M-N
389,000 May 1 1956
quarterly since to and incl. Tune 1914. The Sept. div. was notamount,
gold
paid on
c*ntflPhila. Tr., Safe
account of prevailing financial conditions.
Bonds-Lookout Mtn. Ry,bonds are red. at Dep.& Ins. Co., Phila., Pa.
105 and int. on any int.date.
PROPERTY,&C.
-The constituent cos. own and operate electric-light, 21,650,000 reserved for impts., &c., at 85% of cost of same.
Bonds outpower and traction properties in Nashville, Chattanooga, Cleveland, and standing are pledged as part security for Chattanooga Ry.
several smaller cities. A number of other cities, including Knoxville. Int. payable at offices ot E. W. Clark & Co., Phila., and & Lt. 5% notes.
HodenpYl, Hardy
& Co., New York.
Tenn., and Rome. Ga., are under contract for electric service.
OFFICERS.-Pres., C. M. Clark; V.
EARNINGS.
-Included in Chattanooga Ry. & Light Co. earnings.
-Ps., H. M. Byllesby, Geo. E.
Hardy and F. C. Wolcott; Sec. Sis Treas., G. L. Estabrook; Asst. Sec. &
ROAD.
-Operates a cable road of 5.000
Asst. Treas., William jalley. Under management of E. W.Clark Manage- road around and on top of mountain. 12feet and has 9.8 miles of electric
passenger cars.
t
-V.94, p. 1120; 1187, 1696; V. 95, p. 481. 549; V. 97,p.
ment Corp.
1287;
OFFICERS.-Pres.,C. M.Clark; V.
-P., M.S. Hopkins; Sec.&
313; V. 99, P. 539.
V. 98, p.1
G. L. Estabrook; Gen, Mgr., F. W. Hoover.
Treas.,
-V.83,9. 323; V. 87.9. 226.
(1) Nashville Rail way & Light Co.
-Street railway and lighting system.
(3) Tennessee Power Co.
$335,300 of the pref. and all the common stock owned by Tenn. Ry., Lt.
Stock all owned by Tennessee Ry., Light & Power
& Pow. Co.
ORGAN IZATION.-Incorp. in Tennessee on April Co.
ORGANIZATION.
-Incorporated in Tennessee on June 26 1903.
24 1912 as a consolireorganization of the Nashville Railway Co.. sold under foreclosure ofIs a dation of the Eastern Tennessee Power Co. and Great Falls Power
the has also acquired the property formerly
Co.;
latter's first consol. mtge. The Nashville Ry. was a consolidation in 1900
belonging to Sweetwater Elec. Lt.
Cleveland (Tenn.) Elec. Co.. Sparta Elec.
of the Nashville Street Railway, the Nashville & Suburban and the Citi- Co., T.
Light & Power Co. and
A.&
Power Co. Franchises.
-The co's power plants are owned
zens' Rapid Transit, the Cumberland Electric-Light & Power and the
in
Union Light & Power Co. Owns and operates all the street railways and and its transmission lines are on private right of way and therefore fee
not
subject to franchise limitations or restrictions.




ELECTRIC RAILWAYS

74

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS-All owned by Tenn. Ry., Lt. & P. Co.
Stock $20,000.000($100)
May 1 1962
First mtge $50,000.000 gold l 1912 5 g M-N 97,500,000 Y., Trustee.
_c*ntfjInt. at Bankers Trust Co., N.
guar I) & i ($1,000)_
Note-The 5% interim receipts Issued in place of bonds are convertible
into bonds on May 11915. with option to Term. Poser Co.from May 1 1913
cash
to May 1 1915 to deliver either permanent bonds cr pay such holder in their
90% and int., but if cash is offered the receipt-holders may have 96.
bonds for investment on agreeing not to sell within a year at less than and
-Remaining bonds are reserved for extensions, acquisitions
Bonds.
improvements. Bonds are guar. P.& I. by Tenn. Ry., Light & Power Co.
They are additionally secured by deposit of entire stocks of Chatt. Ry.& Lt.
Sinking fund, 1% per ann. of bonds out, begins May 11917; to be used for
extraordinary renewals, replacements or add'ns, enlargements and extens.;
also for cancellation of bonds. Red. in whole or in part at 10736 and int.
on 12 weeks' notice. See V. 95, p. 549. Benl. Strong Jr., N. Y., is also
trustee.
-Owns water-power sites on the Ocoee River near
PROPERTY. &C.
Parksville. Tenn.. with an ultimate capacity of 80.000 h. p. Option has
been secured on sites for the development of 30,000 h. p. additional, and at
Great Falls, Tenn., owns a site capable of developing 80,000 h. p. Of the
development in operation, No. 1 was put in operation Jan. 1912 and No. 2
in complete operation April 1 1914. Also owns 431.9 miles high-tensioa
transmission lines extending from the power plants to Nashville, Knoxville,
Chattanooga, the Georgia State Line, where connection is made with the
Georgia Power Co., serving Rome, Ga. Supplies all current used by the
Nashville Ry. dr Light Co.. Knoxville Ry. & Lt. Co.. Chattanooga Ry.&
Lt. Co.. Cleveland Elec. Co. and, through the Georgia Power Co., to the
electric light and power and street railway system in Rome,Ga. See V.98,
p. 1698. 1618.

[VOL. xclx.

Total
Total
Deposited.
Stock.
$15,000,000 $19.994,400
*North Jersey Street Ry
*Jersey City Hoboken & Pat20.000.000 19,984.600
erson Street Ry
*Elizabeth Plainfield & Cen3,000.000
3,000.000
tral Jersey Ry. Co
923,500
Orange & Passaic Val. Ry.Co_ 1,000,000
20,000.000 19.594,500
United Electric Co

New
Certificates.
40%

Total Ctfs.
If All Stock
Exchanged.
$60)0,000

35%

7,000,000

307

900.000
300,000
000.000
6.

30730.

$20,200,000
Total
* Now merged in Public Service Railway Co., which see below.
the stocks pledged shall not be used so as to
The trust deed provides that
Increase the capital stock of any of the companies nor to create any new
liens upon the respective companies except to take up existing debt of any
such company or of underlying or subsidiary companies. mortgage may
-Remaining bonds under this
$50.000.000 Mortgage.
the
be issued for extensions and betterments, but only and when fromincome
with income
for the preceding 12 calendar months, together operating expenses,leased
taxes
for the same period, after deducting
properties
int, payable upon all bonds
and rentals,shall exceed the sum total of annual to be issued, by an amount
then out, together with those at the time about
bonds see V.89. ri•
of not less than 100% of the annual int. For security of
any int, date begin1348; V.90, ja. 698. Red.ass whole (but not in part) on an annual sinking
Oct. 1 1919.at 105 & int. Commencing Aug. 11913.
ning
Bonds are listed on
fund payment of $209,500 draws bonds at 105 dr int.92. p. 1179; V. 93. P•
N. Y. and Phila. Stock Exchanges. V. 91. p. 717: V.
1191.
As collateral to the notes of 1914 are deposited $10,000,000 Public
Service Corporation general mortgage 5s.
-First div. of 1% was paid June 29 1907: I% was paid Sept. 30
Dividends.
1907 and 1% Dec.31 1907. In 1908,4%. In 1909,436%. In 1910.5%•
June, 136%;
5%. In 1911, 1912 and 1913,6%. In 1914, March, 136%;
Sept., 136%.
-For calendar years 1913 report in V. 98, P. 1157.
REPORT.
1911.
1912.
1913.
Gross Earnings$16,201,933 $15,262,426 $14,450,088
Railway company
9,809,670 8,985,688
10,222,668
company
Gas
7,582.374 6,689,732
8,545,845
Electric company
$34,970,446 $32.654,470 $30.125,508
gross earnings
Total
$18.985,772 $17.779.434 $15.941.691
Operating expenses and taxes
672.654
722.078
1.638.185
Amortization charges

NASHVILLE-GALLATIN INTERURBAN RY.
ORGANIZATION.-Incorp. in Tennessee. Capital stock auth. and
outstanding. $750,000. Authorized and outstanding, $600,000 30-year
5% gold bonds (O.) dated July 1 1911 and due July 1 1941. Callable
on or after July 1 1916 at 105 and int. Int. J. & J. in Nashville. Nashville Trust Co., trustee.
ROAD.
-Operates approx. 28 miles between Nashville and Gallatin
Road was placed in operation for passenger service on April 5 1913. Tota
length of track, 30 miles. 70-1b. A. S. C. E. rails. Standard gauge
Enters Nashville over tracks of Nashville R.& Light Co.
-P. & Gen. Mgr., R. A. Bailey
OFFICERS.-Pres.. H. If. Mayberry; V.
-V.95. p. 111: V. 96,0. 1157.
Jr.; Sec. & Treas., L. C. Connell.
-$20,623,957 $18,501,512
Total expenses
NASHVILLE TRACTION CO.
$14,346,489 $14,152.958
Net earnings
This company has recently increased its authorized capital from $500,000 Pub.Serv. Corp.of N.J.income from
LS constructing a trolley line in Nashville from the north1,939,339
to $1.000,000 and
securs.pledged & from misc.sources 2,308.873
to the boundary on
ern boundary of the city near St. Cecilia Academy
been comLafayette St. It is stated that about half the construction hasNov. 1914.
$16.655.362 1116.092,297
Total income
be fully completed and in operation by
pleted and is expected to
Deduct
The road is being built by the Nashville & Detroit Construction Co., with Interest and rentals of leased and
$11,911,316 $11,289,076
which Nashville, Tenn.. and Detroit. Mich., parties are identified.
controlled companies
2.749,997
Fixed charges of Public Service Corp_ 3,058,105
1,500,000
Divs. on Pub. Serv. Corp.stock(6%) 1,500,000

NATCHEZ, MISS.

-Street, railway, gas and
SOUTHERN RAILWAY dr LIGHT CO.
electric.
-Incorporated in 1903 and took over Southern
ORGANIZATION.
Light & Traction CO. (V. 85. p. 1144), which was a consolidation of the
Natchez Electric Street R. & Power Co., the Natchez Light, Power &
Transit Co.and the Natchez Gas Light Co. Gas franchise perpetual; street
railway and electric lighting franchises expire in 1949. Does the entire
street railway, gas, electric-lighting and power business of Natchez. Has
contract with city for street lighting which expires in 191.4.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$45,670
Stock $45,670 MOW
5 g A-015
335.000 Apr 15 1933
1903
Sou Li & Trae 1st M $500,-1
c*tf Int. at Inter-State Trust & Bkg. Co., New
000 gold 41,000)
Orleans, Trustee,or at First Nat. Bk., N.Y.
-$160.000 are reserved for betterments and extensions. Are subBonds.
1086.
ject to call at 105 and int. $5.000 have been retired. See V. 76. p.
-Operates 6 miles of track; 12 cars.
ROAD.
-P., E. H. Ratcliff,
OFFICERS.-Pres., Frank J. Duffy, Natchez; V. -V.86. 13• 1591.
Orleans.
Natchez; Sec. & Treas.. J. W. Billingsley, New

NEWARK, N. J.
-Street,
JERSEY.
PUBLIC SERVICE CORPORATION OF NEW 81.)
-(See map on pages 80 and
railway, gas and electric.
6 1903 and
-Incorporated in New Jersey on May
ORGANIZATION.
Public
controls, through ownership of stock. Public Service Ry. Co..
Valley Ry.Co.
Service Gas Co., Public Service Elec. Co., Orange & Passaiccos. last named
and United Elec. Co. of N. J. The stockholders of the two Public Service
and also the stockholders of certain of the cos. out of which
Ry. Co. was subsequently formed (namely North Jersey Street Ry. Co..
&
Jersey City Hoboken & Paterson St. Ry. Co. and Elizabeth Plainfield
Central New Jersey Ry.Co.) were given certificates described below in exch.
for their stock. See plan in V. 76. p. 865 and also p. 1249. The Fidelity
Trust Co. of Newark financed the transaction.
Controls practically the entire street railway business of Northern New
Jersey and the gas and lighting interests of the greater part of New Jersey.
Also owns entire capital stock of Middlesex Electric Light & Power Co.,
Morristown Gas Light Co.(V.91.p.95), Nichols Elec. Light & Power Co.of
Nutley, N. J., Citizens' Elec. Light, Heat & Power Co. (Perth Amboy,
N. J.), Burlington Elec. Light & Power Co., Public Service RR. and Weehawken Contracting Co.: a majority of stock of Princeton Light, Heat &
Power Co. and Shore Lighting Co. and practically all of the common stock
of New Jersey & Hudson River Ry. & Ferry Co.
-In 1907 North Jersey Street Ry. Co.. Jersey
Merger of Subsidiaries.
City Hoboken & Paterson Street Ry. Co. and United Street Ry. Co. of
Central Jersey were consolidated under the name of Public Service Ry. Co.,
which see below. V. 85, p. 406 and 470. To Public Service By. Co. also
have been transferred the leases of various railways formerly held by Public
Service Corporation.
In Oct. 1909 all leasehold interest in gas properties and all rights under
operating agreement with Plainfield Gas Light Co. were assigned to the
Public Service Gas Co., which see below; also V. 89. p. 594. 721, 847.
In July 1910 all leasehold interest in electric light and power properties
were assigned:to the Public Service Electric Co. V. 90. p. 1614.
The Public Service Newark Terminal Ry. Co. was incorp. in April 1913
with $5,000,000 capital stock to further the plan of the Corporation with
regard to its proposed terminal improvementsfor the Pub. Serv. Railway.
-On Dec. 22 1913 Pres. McCarter of the Railway Co.
Wage Increase.
announced an increase in wages which became effective Jan. 1 1914, to the
3,860 motormen and conductors of the Public Service Ry.; the maximum
regular wage being 30 cents an hour instead of 25 cents and the minimum
23 cents. V. 97, p. 1899.
-The U. S. Supreme Court on June 8 1914 affirmed the
Fare Decision.
decision of the New Jersey Court of Errors and Appeals, holding that the
Chosen Freeholders of Hudson County, N. J., had the right to reduce fates
to 6 cents per round trip on the Port Richmond (Staten Island) & Bergen
Point(N. J.) Ferry Co., which is owned by the Public Service Corporation.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
QM 31 $25,000,000 Seri '14.136
Stock $25,000,000 ($100)_ - ---*20.047.770 Perpetual
$20,200,0001 1903 6 M-N
Trust certificates
tUFidelity Trust Co., Newark, Trustee.
47.500.000 Oct 1 1959
mortgage$50.000.000 1909 5 g A-0
General
c*tf Int. at Fidelity Trust Co., Newark,Trustee,
gold ($1,000) s f
or at office of J. P. Morgan dr Co.
5 g M-S
7.500.000 Mar 1 1916
Two-year collateral notes $7.- 1914
Fidelity Trust Co., Philadelphia, Pa., Trus.
500.000
$864,085 owned by the Corporation.
Of which
Stock -Stock listed on N. Y. Stock Exchange. $25,000,000.
1903) the first
-The trust certifs. bore 2% int.(dating from June 1 following year
Bonds.
A % each
two years. 236% the third year, and increased by the rate now paid. See
until 6% was reached in the tenth year, which is which the stocks of the
V.80, p. 164. The following shows the terms upon
certificates. The
constituent companies were exchanged for the trust
stocks acquired are pledged as security for the trust certificates.




$16,614,345
$13.511,163
1.890,513
$15,401.676
$11,066,651
2,540,243
1,500,000

$16.469,421 $15.539,073 $15,106,894
Total deductions
$294,782
$553.224
$185,941
Balance, surplus
-P., George J. Roberts;
OFFICERS.-Pres., Thos. N. McCarter; 1st V.
-P., Anthony
-P., Randal Morgan; 4th V.
Burleigh ; 3d V.
-P., John J.
2d V.
-V.89, p. 349.594,
R. Kuser; Sec., Ed. W.Hine; Treas., Percy S. Young.
721, 847, 1348; V. 90, p. 111. 699. 1236, 1293, 1301, 1614; V. 91. p. 96.
397,717.871,946. 1513; V.92.p. 263. 726,795,882. 951,962, 1179.1243,
1636 V. 93, p. 590. 1191, 1789; V. 94, p. 68, 699. 824, 908, 916. 1696.
1764 V. 95. p. 111. 1208; V.98, p. 136, 941, 951; V. 97. p. 238. 366, 522.
1879 V.98. p. 1072, 1167, 1317, 1846.
(1) Public Service RR.
-A cOnsolidation (under agreement dated June 30
ORGANIZATION.
1913) of the Elizabeth New Brunswick & Trenton RR. and the Trenton
Terminal RR. Capital stock. $105,000, all owned by Public Service Corp.
of New Jersey. Regular trolley service between Newark and Trenton
July 1 1913 and service between Newark and Perth Amboy inaugurated
about July 11914. V.97,p. 522.
(a) Elizabeth Fc Trenton RR.
-Leased to Trenton Terminal RR., subsequently merged in
Lease.
Public Service RR. Co., for 999 years from April 1 1912. Rental 5% on
1
outstanding pref. stock, and, beginning with the year ending April is 1915.
paid.
1% on outstanding corn., with additional 1% annually until 4%
94, p. 697.
V.
-Incorporated in New Jersey on May 19 1910 as
ORGANIZATION.
successor to the Trenton & New Brunswick RR. and the New Jersey Short
Line RR., both sold at foreclosure. See plan in V. 89, p. 1282. 1349.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$811.350
A-0
Common $900.000 ($50)----180,300
A-0
($50)__ ____
Pref $300,000 5% cum
990.000 Apr 1 1962
5g
First mtge $1,200,000 gold' 1912 LoganA-0 Co.. Philadelphia, Trus.
Trust
c*_ tflint. at
($1,000)
-First mtge. bonds are subject to call as a whole on any int. day
Bonds.
lease by the
at 110 and int. Prin. and int. are guar. under terms of by the Public
Trenton Terminal RR., whose obligations are guar. in turn
Service RR, and the Public Service Corporation.
Trenton
-Operates 26.06 miles of standard-gauge track betweenextension
ROAD.
an
-lb. T
and Milltown over private right of way. 6080-1b.rails. Also
T rails. Through line
from Bonhamton to Elizabeth, 15 miles. p.
1362; V. 94, p. 697.
operated from Newark to Trenton. V. 90,
PUBLIC SERVICE ELECTRIC CO.
capital
Controlled by Public Service Corporation by ownership of entire
stock.
Jersey on June 13 1910.
-Incorporated in New
ORGANIZATION.
Service
-In July 1910 Public Service Corp. assigned to Public Light &
Leases.
Elec.
Electric Co. the leases of United Elec. Co. of N. J., Middlesex Power Co. of
Lt. dr
Power Co.. Weehawken Contracting Co., Nichols Elec.Co. and the electric
Nutley. N. J.. and Citizens'Elec. Light, Heat & Power Paterson & Passaic
properties of South Jersey Gas. Elec. & Trac. Co., The
The Gas
Gas & Elec. Co., Somerset Union & Middlesex Lighting Co. and Pow.Co.
Lt.
& Electric Co.of Bergen County. Also leases Burlington El.Co.&
and Shore
and electric properties of Princeton Light, Heat & Power
owned by
Lighting Co. In addition,leases and operates the power stations
Public Service Railway Co.
all owned
Stock authorized, $30,000,000; outstanding, $16,000,000, Real estate
(except directors' shares) by Public Service Corp. No bonds.
'rages.. $438,000. In Dec. 1913 obtained permission from N. J. Public
stock
Utilities Comm. to issue $3.000.000 stock for extensions, &c., which
Is included in amount reported outstanding.
1911, 1912 and
19D137i8dzis.
d..
4%Y%,paid Dec. 31 191 0. In
In 1914. June,
net.
REPORT.
-For year ending Dec. 31 1913. gross, $8,511,307; divi$4,564,198: fixed charges, $2,743.784; other deductions, $247.462:
dends,$1.280,000; balance.surplus,$292,952. In 1912, gross, $7.592.003:
net. $3.902,006; fixed charges. $2.737.932; diva. (8%). $1,040,000; sur..
$124.077.
-On Dec. 31 1913 had 32 generating stations and 56
PROPERTY,&C.
sub-stations, with a total capacity of 250.408 k. w.; 576 miles of transmission line and 119 miles of conduit. Meters, 96.486. Number of street arc
amps, 12,787, and street incandescent lamps, 22,339.
-P., George J. Roberts;
OFFICERS.-Pres., Thos. N. McCarter: V.
Sec., Ed. W. Hine; Treas.,Percy S. Young: Gen. Mgr., Dudley Farrand.
United Electric Co. of New Jersey.
-Organized March 4 1899.
ORGANIZATION.
Lease.
-Leased July 1 1907 for 999 years to Public Service Corporation.
In July 1910 lease assigned to Public Service Electric Co. Under the
a
lease the $400,000 surplus cash assets of company were divided and is
Rental
special dividend of 5% was paid June 29 1907 (V. 85, p. 44). 85, p. 44.
next two years and 5% thereafter. V.stock and
3% for two years. 4% for
Public Service Corporation owns practically all of this company's
$683.000 of its first mortgage bonds.

SEPT.. 1914.]

ELECTRIC RAILWAYS

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $20,000,000
$20.000,000 See text
First mtge $20,000,000 gold 1899 4 g J-D
18.617.500 June 1 1949
($500 and $1.000)_ -c*.tf Int. at N.T. Title Gu.& Tr.Co.,J.C.,Trus.
Con Lt Heat & Pow $1.000.- 1898 5 g J-D
308.000 June 1 1938
000 ($500) gold
tf Int. at N.J. Title Gu.& Tr.Co.,J. C.,Tres.
Nor Hudson Lt Heat & Pow 1898 5S
Oct 1 1938
$2.000,000 41,000)- _ _ _tf Int. at N.J. Title Gu.& Tr:Co..J. C.,Trus.
Bonds.
-In addition to the above there are /1115,000 Con. Lt., Ht.& Pow.
bonds in hands of trustee. Int. on 1st mtge. is guaranteed by Pub. Serv.
Corp., which also agrees to provide for payment of prin. by extension, refunding or otherwise. V.90.0. 114. First mtge. bonds are reserved to retire Con. Lt., Ht. & Pow. and North Hudson Lt., Ht. & Power Bonds.
V. 85,13. 44. 288, 415: V. 90. p. 114, 1106; V• 93, p. 414; V. 94, p. 987.
Middlesex Electric Light & Power Co.
ORGANIZATION.
-Is a consolidation of Cartaret Electric Light &
Power Co. and Middlesex Lighting Co. Was leased May 1 1908 for 900
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.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$175,000
Stock ($200,000)
First mortgage ($200.000)1 1905 5 g J-J
181,000 Jan 1 1955
sc ds
o
tl
tffloidelity Trust Co., Newark, Trustee.
.-Of the bonds, $19,000 are reserved for improvements.

75

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 annum.
ORGANIZATION.
-Incorporate in New Jersey in October 1899, and
Is a consolidation of the various gasd
plants in Jersey City and Hoboken.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $10,500.000($100)_
$10,500,000
First mortgage $10.500,0001 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 Copa ,
mcts
.
ORGANIZATION.
-Incorporated April 24 190. Is
0
Service Gas Co.for 999 years from July 1 1910 at rental of leased to Public
$2,000 per ann.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $100,000
$100,000
First mortgage $100,000 ntf 1900
5 J-D
100,000 June 1 1925
Int. at Equitable Tr. Co., N. Y., trustee.
Second mtge $100.000_ __ntf 1905
5 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
Jersey
Leased to Public Service Gas Co. for 999 New from on Feb. 19 1855.
years
equal to 5% per ann. on outstanding capital stock. July 1 1910. Rental
Nichols Electric Light & Power Co. of Nutley, N. J.
all owned by Public Service Corporation. NoStock out.. $367.500
bonds.
ORGANIZATION.-Incorp. in N.J.Jan.3 1896. Stock $25,000 ($50); ($100).
all owned by Public Service Corp. No bonds was leased May 1 1908 for
The Paterson & Passaic
This company was leased to Public Gas & Electric Co.
900 years to Public Service Corp. (lease assigned to Public Service Elec. Co.
Service Corporation for 900 years
from June 1 1903. Under lease, div. rate was gradually
in July 1910) for an annual rental of 10% on stock.
increased and is
now 5% per annum. In Oct. 1909 gas part
Weehawken Contracting Co.
Service Gas Co. and in July 1910 electric partof lease assigned to Public
of lease assigned to Public
ORGANIZATION.
-Inc. in New Jersey May 9 1904. Is leased to Pub. Service Electric Co.
Service Corp. for bond int. and 6% on pref. stock. Lease assigned in July
ORGANIZATION.
-Inc. Feb. 28 1899. Is a
1910 to Public Service Elec. Co. Stock all owned by Public Service Corp. ous gas
and lighting properties of Paterson and consolidation of the variSTOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Public Service Corporation CIWIls $269,700 of Passaic.
the stock.
Stock corn $70,000 ($50)_
$70,000
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Pref $41,050 ($50)
41,050
Stock $5,000,000($100)
J-D
First mortgage $30,000 gold! 1908 6 g F-A 20
$5,000.000
30,000 Feb 20 1928 Cons mtge $5.000,000 gold 1899
5 g M-S
($250)
4,049.000 Mch 1 1949
c*tflInterest at Weehawken Trust Co.,trustee.
($1,000)
c*tt Int. at First Nat. Bank. Paterson, or First
National Bank, New York.
Citizens' Electric Light, Heat & Power Co.
585.000 July 1 1925
Leased to Public Service Clem June 15 1910 for 999 years, and in July Edison Electric III 1st mtge 1895 5 g J-J
8600,000
1910 lease assigned to Public Service Electric Co.; rental equivalent to Passaic Lighting Co cons ntf Paterson Safe Den & Trust Co.,trustee.
mtg 1895 5* M-N
10% on capital stock.
316.000 May 1 1925
$450.000
n tf
ee.
ORGANIZATION.-Incorp. in New Jersey on Mar. 1 1905. Stock
-D
50,000 June 1 1922
auth., $125,000 ($25); outstanding. $41,400 (ntf), all owned by Public Passaic Gas Light 1st mtge( 1892 6 g J
E50,000
ntf Paterson Savings Institution, trustee.
Service Corp. except $225 in hands of public, incl. directors' shares.
Bonds.
-Of the new $5.000,000 mtge. of 1899. $951.000
underlying liens. The new bonds are not subject to call. is reserved for
Burlington Electric Light & Power Co.
The Paterson
Safe Deposit & Trust Co. Is trustee.
ORGANIZATION.
-Incorporated Oct. 6 1888 in New Jersey. Public
Service Corp. owns entire issue of stock, except directors' shares. Stock
Somerset Union & Middlesex Lighting Co.
ORGANIZATION.
auth., $25,000 ($50) outstanding, $17,550. No bonds. Leased for 900
-Incorporated in New Jersey on Dec. 1 1903 in the
years from May 1 1911 to Public Serv. El. Co. at a rental of $2,250 per ann. interest of Public Service Corporation, as a consolidation of Somerset Lighting Co. of Somerville. N. J.; Plainfield Gas & Electric Light Co. of PlainPaterson & Passaic Gas & Electric Co
field, N..1., and Citizens' Electric Co. of North Plainfield (V. 78. p.
Somerset Un. & Middlesex Ltg. Co
107).
South Jersey Gas, Elec. & Traction Co
ISee below under Public On Dec. 30 1903 Central Elec. Co. was also merged in the same. Public
Service Corp. owns $422.400 of the stock, $573,138 Som. Un. & Mid.
Gas & Electric Co.of Bergen County
Ltg.
Service Gas Co.
I
Co. bonds. $21.000 Somerset Ltg. Co. 1st 5s and $20,000 Cent.
Shore Lighting Co
El. Co. 5s.
LEASE.
Princeton Light, Heat & Power Co
-The co. was leased to Pub. Serv. Corp. for 900 years from
Dec. 30 1903 on the following terms, viz.: All
taxes to be paid by Public Service Corporation, interest, expenses and
PUBLIC SERVICE GAS CO.
rental a dividend
Controlled by Public Service Corporation by ownership of make capital on the stock accruing as follows: From Dec. 1and,as 1%
;Dec.
stock.
1)%; Dec. 1 1907.2%; Dec. 1 1908,2%;Dec. 1905. 3%; Dec.I 1906.
1 1909,
11910.
%: Dec. 1 1911 and thereafter. 4%. So much of lease as relates to
ORGANIZATION.
-Incorporated In New Jersey and was created by
changing the name of the old Oxy-Hydrogen Co. of the United States manufacture and distribution of gas has been assigned to Pub.Serv. Gas Co.;
remainder of lease applying to electric properties has been assigned to
(incorporated in New Jersey in 1873). This latter is said to have had a
perpetual charter under legislative grant conveying the right to manufacture Public Service Electric Co.
and distribute gas througlaout the State. Company has no bonds.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Leases.
-On Oct. 1 1909 Public Serv. Corp. assigned to Public Service Gas Stock $1,050,000($1OO)______ J-D
31.050.000
See text.
Co. the leases of Essex & Hudson Gas Co., Newark Consolidated Gas Co., Somerset Un & Mid Lt Co M f 1903 4 g J-D
1.974.328 Dec. 1 1943
32.750,000 ($1,000) g_c*tf lint. at Fidelity Tr. Co.. Newark, Trustee.
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
Underlying bonds assumed
Jersey Gas. Elec. & Trac. Co. the Paterson & Passaic Gas & Elec. Co., Plainfield Gas & Elec Lt gent 1900
5 A-0
460.000 April 1 1940
Somerset Union & Middlesex Lighting Co. and The Gas 8z Elec. Co.of Bermtge 3500,000
tf Guaranty Trust Co., New York, Trustee,
gen County. V. 89,0. 594. 721. Operating agreement between Plainfield Citizens' Electric 1st mort- 1895 5 M-N
40.000 Nov 1 1915
Gas Light Co. and Public Service Corp. was also assigned to the Public
gage 1140,000
ntf Columbia-Knickerbocker Tr Co.. N.Y., Tr.
Service Gas Co. On July 1 1910 leased the Ridgewood Gas Co. and Mor- Somerset Lighting Co first 1899
-A
5F
150,000 Feb 1 1939
ristown Gas Light Co. Also has leased gas properties of Princeton Light,
mortgage $150,000
tflFidelity Trust Co., Newark, Trustee.
.
Cent Elec consol mtge $750.- 1900 5 g J-JJuly 1 1940
Heat & Power Co. and Shore Lighting Co.
700.000
Stock.$30,000,000; $10,000,000 outstanding all owned by Pub.Ser.Corp.
000 ($500 & 81.000) g
sc tf Int. at Fidelity Tr. Co., Newark,Trustee.
Stock will be issued (V. 89. p. 594) from time to time at par to Public Edison Elec Ill of N TB 1st 1888 6 J-D
50,000 June I 1918
Service Corp. only for cash or for improvements at actual cost thereof.
mortgage 50.000
ntf B. F. Howell and T. E. Townsend, trustees.
No bonds. Real estate mortgages, $90,000.
Bonds.
-$1.128,328 of the 903 bonds have been issued in exchange for
the stocks of the companies consolidated and $846,000 for extensions and
Rate Reduction -Accepting the order of the Board of Public
missioners, made on Dec. 27 1912, the company reduced itsUtility Com- improvements; $547 is reserved for Central Electric stock not yet acquired
rates
Passaic division on Feb. 1 1913 from $1 10 per 1,000 Cu. ft. (with in the (the company having previously obtained the remainder of the 8750.000
a reduc- total stock of that company). $775,000 to retire
tion of 10c. if bill is
the underlying bonds and
flat, and in pursuancepaid within a certain time) to $.90 per 1,000 Cu. ft. $125 for future additions and improvements. No sinking fund, and bonds
of the
rate throughout the State on Board's recommendation set the same reduced cannot be called. Of the $500,000 Plainfield Gas & Electric general 54,
May
V.96. p. 136. Validity of order 11913. See under Pub. Serv. Corp. in 840.000 is reserved for prior liens. Of Central Electric Co. bonds. $50.000
was upheld on July 7 1913 by the New Jersey Supreme Court(V. 97,p.
238). Appeal has been taken to the Court of Is reserved to retire a like amount of Edison Elec. Ilium. Co. bonds. CenErrors and Appeals. V. 97, p.
tral Elec. bonds are subject to call at 110 and int. V. 78.0. 107.
366, 445.
1911 and 1912.8%. div.-2%-paid Dec. 311909. In 1910.2%. In
South Jersey Gas, Electric Sc Traction Co.
In 1913.6%. In 1914, June,
4%•
This company was leased to Public Service Corp. for 900 Years from
REPORT.
-For cal. year 1913, gross,
fixed charges, $3,979,130; other deductions,$10,222.668; net, $4.683,452 June 1 1903 (at a graded rate of dividend, the maximum of 8% per annum
$60.141; dividends. $570.000 having been reached in the eighth year), and on Oct. 1 1909 so much of the
balance, surplus, $74,181. In
1912.
fixed charges. $3,912,075: dividends gross. $9,801.453; net. $4,879.432 lease as relates to the manufacture and distribution of gas was assigned to
the Public Service Gas Co. Its traction
(8%), $740,000;
PROPERTY,&c.
-Sold 10.221,096,787 cu. ft. of gassurplus. $227,357 Service Ry. Co. and its electric business business is leased to the Public
Dec. 31 1913; had
is leased to Public Service Electric
2,844 miles of mains and 435,383 meters in service.
Co. Public Service Corp. owns $3,507,000 of South Jersey Gas, Electric
& Traction first mortgage 54.
Essex & Hudson Gas Company.
ORGANIZATION.
ORGANIZATION.
-Incorporated Aug. 31 1900 to bring under one
-Incorporated in Nov. 1898 in New Jersey and
on trol the gas, electric light and trolley interests in Southern New Jersey.conDec. 1 1988 assumed the lease of Newark
Also owns the entire capital stock ($600,000) of the Camden Gloucester
Improvement Co. for 999 years from Dec.Consol. Gas Co. to United Gas
1 1898. Essex & Hudson Gas & Woodbury Ity., which has been leased
Co. was leased to Pub. Service Corp. for 900 years
to Public Service Ry. Co.
lease assigned Oct. 1 1909 to Public Service Gas Co. from June 1 1903 and
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Under lease,
is now 8% per annum. Stock auth. and outstanding, $6.500,000.div. rate Stock $6,000,000($100)______ _
J-D
text.
V. 67. 1st mtge $15,000.000 gold
p. 1002. 1160.
1903 5 g M-S
3 :W2:0TO Mch 11953
12
6
See
(S1 WO)
cttlInt. at Fidelity Tr. Co., Newark,N.J.,Trust.
Newark Consolidated Gas Company.
Trenton G&EI 1st M 32,000,-f 1899
5 g M-S
2,000,000 Mch 1 1949
ORGANIZATION.
-Incorporated Nov. 30 1898 in New Jersey. Con000 gold($1,000)t.at Eqegitatt-INTrust Co., N. Y.. Trustee.
nol
5 m
192e
solidation of Newark Gas Co., Montclair Gas & Water Co., Summit
tf
Gas Burlington Gas Lt Co 1st M in
100.000 May 1
Light Co., People's Gas Co. of Irvington and Clinton Gas Co. Owns entire
$100.000
ntf Int. at Burl. City L.& T. Co., Burl., Trust.
capital stock of Orange Gas Light Co. and practically all the stock of
Bonds.
-Of the new 815.000,000 issue. $2,108,000 are reserved to retire
The prior liens.
East Newark Gas Light Co. Leased all its property to United
No sinking fund
-V. 76, p. 332.
provement Co. of Phila., Pa.,for 999 years from Dec. 1 1898. andGas Im- 544,866, 1144, 1250; V.78.p.and bonds cannot be called.
1449; V.86,p. 1530; V. 95, p. 1685.
on same
date lease was assigned to Essex & Hudson Gas Co. and by last-named
New Brunswick Light. Heat & Power Co.
company to Public Service Gas Co. Oct. 1 1909. Lease provides for
ORGANIZATION.
-Incorporated in New Jersey on Dec. 7 1899. Owns
ment of all fixed charges and diva, on stock commencing % July 1 pay- all the stock
1900
and increasing % Yearly umtil 5% is reached in 1910;thereafter 5% per an. shares. Int. of The Gas Light Co. of New Brunswick, except directors'
on bonds is paid by Public Service Corp. through lease of
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. The Gas Light Co. of New Brunswick. See latter company below.
Stock $6,000.000($1OO)_
$6,000,000
STOCK AND BONDS- Date,
See text.
Interest. Outstanding. Maturity.
Newark Cons Gas cons mtgl 1898 5 g J-D
6,000,000 Dec 1 1948 Stock $500.000 ($100)
J-J
$400,000
See text.
$10.000,000 g 41,000) Ott Int. at Fidelity trust Co., Newark. trustee. First mtge $500,000_______
golds 1899
4 g J-D 15
500,000 Dec 15 1939
Newark Gas lstM $4,000,000 1895 6 Q-J
($500 and $1,000)_ _ _ _c*tf1Int. at Fidelity Trust Co.,
3.999.700 April 1 1944
Newark, trustee.
($100,$500 & $1,000)_c*tf1Int. at Fidelity Trust Co., Newark.
(a) The Gas Light Co. of the City of New Brunswick.
Bonds.
-Of the $10,000,000 Newark Cons. Gas bonds,$4,000,000 are reserved to retire underlying liens.
ORGANIZATION.
-Incorporated on Mar. 18 1851.
and outstanding. $400,000, all owned by New Brunswick Stock authorized
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. 1 1905 (June 1 1906 lease assigned
Sept. 1 1909 for annual rental of6% on stock,and lease assigned Oct. 1 1909 Gas. Elec. & Trac. Co.), rental being payment of int, to South Jersey
on bonds of New
Brunswick Lt., Ht.& Pow. Co. and divs, on
to Public Service Gas Co.
stock of Gas Lt. Co. of City of
ORGANIZATION.-Incorporated in New Jersey. Stock $60,000 ($25): New Brunswick, as follows: 2% in each of the years 1905 and 1906. 2;4%
In 1907 and 1908,3% in 1909 and 1910.
all out; no bonds. Stock is owned by Essex & Hudson Gas Co. and Newark
in 1913 and 5% in 1914 and thereafter.3% in 1911.4% in 1912,4K%
Consolidated Gas Co. Operates in Harrison, Kearney, Arlington,Nor
The company is now controlled
th by Public Service Gas Co. by reason of
Arlington and East Newark.
assignment of lease of gas properties
of South Jersey Gas, Electric & Traction Co.




76

[VOL. RCM.

ELECTRIC RAILWAYS

Outstanding. Maturity.
Bonds of Constituent Cos.- Date. Interest.
82,998,000 July 1 1928
North Hudson County Ry( 1888 5 J-J
consol (now 1st) mortgage}Int. at First Nat. Bank, Hoboken.
tir
c*ntfl
$3,000.000
5 M-N
1,291,000 May 1 1924
Nor Hud Co By impt mtge 1894
lint. at Fidelity Trust Co., Newark,Trustee.
$1,500,000($1,000)
-A
100,000 Feb 1 1915
-1
Weehawken Extension Mort 1895 5 F
ntf Central Trust Co., New York, Trustee.
gage ($100,000)
1,250,000 June 1 1931
Paterson By Con M(nowlst) 1891 6 g J-D
-Knickerbocker Tr. Co.,N.Y.,Trustee.
$1,250,000 (MOW) ctf Col.
See text
5 A-0
300,000
Paterson By 2nd gen mortf 1894
$300,000red at any time_tf1Fidelity Tr. Co.. Newark, N. J., Trustee.
first 4s are reserved for prior liens.
Bonds.
-$5,939.000 J. C. H. & P.
Of the J. C.II. & P. bonds outstanding.$1,498,000 are owned by Pub. Serv.
Corp. The 2nd 5s 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 int. date. V. 78, p. 1392. See also
V. 97, p. 1664, 1899. The Paterson By. 2nd gen. mtge.6% bonds fell due
Oct. 1 1914 but have been extended for 30 years at 5%. V. 98, p. 1993.
Red. Apr. 1 1931 and on the first day of any succeeding Oct. or Apr. by
Pub.Serv. By. Co.in manner provided in mtge.
SECURITIES OF UNITED ST. BY. CO. OF CENTRAL JERSEY.
Interest. Outstanding. Maturity.
Bonds of Constituent Cos.- Date.
$2,400,00 Dec 1 19 0
5 g J-D
Eliz Plain & Cent Jer mtge 1900
$2,500,000 ($1,000) g_c*tfI Interest at Fidelity Trust Co., Newark,
Trustee.
No s f & cannot be called
100.000 July 1 1922
Plainfield Street Ry first mtg 1892 5 J-J
($1.000) Call in 1904_c*ntf Int. at Fidelity Trust Co., Newark, Trustee.
1,500,000 May 1 1954
5 g M-N
Elizabeth & Raritan Riv StI 1904
By gen M $3.500,000---tf Fidelity Trust Co., Newark, Trustee.
500,000 July 1 1926
Brunswick Trac M g ($1,000) 1896 5 g
Cannot be called_ _ _ _c*ntf Fidelity Trust Co., New York. Trustee.
1,000,000 Jan 1 1950
5 g J-J
Middlesex & Somerset Trac g I 1900
M $1,500,000(81,000) c*ntt Int. at Fidelity Trust Co., Newark,Trustee.
East Jersey 1st mtge $500.- I 1904
5 g M-N
"
MaY 1 1944
500,
000 gold guar p & i
ttjPerth Amboy Tr. Co., Perth Amboy, Trust.
Eliz. Plain.& Cent. Jer. By.Co.bonds dated
Bonds.
-Ofthe total issue of
1900,$100,000 is held to provide for like amount of Plainfield Street By.Co.
bonds. See V. 71. p. 1310. Of Enz. & Raritan River Street Ry. Co.
gen. mtge. of 1904. $2.000,000 are reserved to retire prior liens. Pub. Serv.
Corp. owns $154,000 Enz. Pl. & Cent. Jers. 54 and $274,000 Enz. & Bar.
River St. By. bonds.
Dividends.-Flrst div.-2-3%-paid Dec. 31 '08;in '09, Dec..2%;in '10,
%;in '13. Dec., 135 7.•
2%; in '11. Dec., 1St %; in '12. Dec.,
-See Public Service Corporation and V.98.p. 1157. For cal.
REPORT.
net, $5,931.406; fixed thga., $5,115,409;
Year 191,3, gross, $15.719.435;
other deductions, 8180,727; dividends. 8569,709; surplus, 865,561. Passengers carried in 1913,403.996,811, of which 308,619,532 were revenue and
95,377,279 transfers and passes. In 1912. 292.855.902 revenue,90,006,473
transfers and passengers; total. 382.862,375.
main
ROAD.
-Owns 528.276 miles 1st main track, 280.694 miles 2d &c.
track and turnouts and 56.221 miles of connections, loops, yardtrack,
closed cars.
Total. 865.191 miles of track. 490 open and 1,665
-P., Geo. J. Roberts
OFFICERS.-Pres., Thos. N. McCarter; 1st V. V.
R. Kuser
-P., Randal Morgan;4th -P., A.Danforth
-P.,J. J. Burieigh; 3d V.
3d V.
E.
W. Hine; Treas., Percy S. Young; Gen. Mgr., R. V. 89,p. 226
Sec., E.
53;
-V.85.P.406, 1271; V.88.p.
Gen. Aud., M.R. Boylan.
V. 98, p. 1993.
Consolidated Traction Company.
North Jersey
Incorporated Mar. 15 1893. On June 1 1898 leased to Serv. Ry. Co.
Street By. for 999 years, and lease has now passed to Public
380)
V. 66, p. 1141. Validity of lease was affirmed in Feb. 1902 (V. 74,F•
and again in Feb. 1903. V. 76. p. 382.
Dividends under lease are now 4% per annum.
Interest. Outstanding. Maturity.
-(See map on pages 80 and 81.)
STOCK AND BONDS- Date.
PUBLIC SERVICE RAILWAY CO.
See text.
815,000,000
J-J 15
______
Controlled by Public Service Corporation through ownership of 99% Stock all paid in ($100)below_
7,308,000
-see
Underlying bonds
of stock. No lease.
15.000,000 June 1 1933
First mortgage gold $15,000.-1 1893 5 g J-D
-Organized Aug. 30 1907 as a consolidation of the
ORGANIZATION.
tf"Interest at Bankers Tr. Co., N. Y., Trustee.
000 (81.000)
but also by
North Jersey Street Ry. Co.. Jersey City Hoboken & Paterson St. By. Co.
The gold bonds of 1893 are secured not only by mortgage,
and United Street Ry. Co. of Central Jersey. V. 85, 13. 406. North Jersey deposit of $1,000,000 stock of J. C. & Bergen RR.. $161.625 stock of
Street Ry. In Jan. 1898 absorbed the Newark & South Orange. The Newark Plank Road Co..86.000.000 stock Newark Passenger By. and $99.Jersey city Hoboken & Paterson was a consolidation in November 1899 100 stock of Jersey City Harrison & Kearney By. Co.
of the following: Jersey City Hoboken & Rutherford Elec. By. Co., Pali-Operates about 190 miles of track, including:
ROAD.
sades RR.Co.,Paterson Central Electric By. Co.,Paterson Horse RR.Co. N. J. Traction Co
Stock owned J. C. Har. & K. RR_ Stock owned
Paterson Passaic & Rutherford Electric By.Co.,Saddle River Traction Co., Newark Passenger By _Stock owned Newark Plank Road.--Stock owned
White Line Traction Co., formerly the New Jersey Electric By. Co. J. C. & Bergen RR_ _ _ _ Stock owned
In 1901 it absorbed Paterson By. Co. and North Hudson Co. By. Co. Passaic & Newark El_ _ _Stock owned
1907of
lines:
United Street By. Co. of Central Jersey was a consolidation in Julyin 1900
Stock, debts and mileage of the leased and controlled
Funded debt.
was chartered
Stock.
Miles.
Elizabeth Plainfield & Central Jersey By. Co.(whichcompanies) and Eliza$500,000
None
Plainfield St. By. Co. and other
Traction Co
as a consolidation of
$6.000.000
a consolidation on April 30 New Jersey
6,000,000
83
beth & Raritan River Street By. Co.(which wasEast Jersey Street By. Co. Newark Passenger By
500,000
504,000
12
1904 of Middlesex & Somerset Traction Co. and
Rapid Transit Street By
258,000
1,000,000
had previously absorbed Raritan Traction Co., Jersey City & Bergen RR
which latter company
100,000
Perth Amboy RR. Co. and East Jersey Traction Co.)
Co., Jersey City Harrison & Kearney•4-5
Consolidated Traction
162,000
4
In addition to above,Public Service By.leases
Co.. Orange & Newark Plank Road
550,000
1,000.000
South Orange & Maplewood Traction Co., Bergen Turnpike
Camden Gloucester Passaic & Newark Electric Traction__ --10 Ni
40,000 shares
Passaic Valley Ry. Co.,Camden & Suburban Ry. Co.. & Ferry Co. and Port Richmond & Bergen Point Ferry_ River
$18,000 has been paid in.
Woodbury Ry. Co., New Jersey & Hudson below.By. owns all stock
&
* On this
Also
Riverside Traction Co., which companies see
(a) Jersey City & Bergen Railroad.
of People's Elevating Co.
connect-Owns from Jersey City to Bergen Point, &c., total track. 41%
ROAD.
in 1912 a terminal station at Sip Ave., Jersey City,
Completed
station there.
Co., all the
also with
ing with the Penn. RR. station andconnectingthe tunnel D. L. & W. RR. miles. Controlled by Consolidated Traction1st mortgage.stock being dewith the
posited as part security for the Traction Co.
A terminal station at Hoboken
also with tunnels terminating there was completed in May 1910.
Interest. Outstanding. Maturity.
station and
STOCK AND BONDS- Date.
-See remarks under "Public Service Corporation."
-p.
$1,000,000 f.
Proposed Terminal.
-The Supreme Court of New Jersey Oct. 21 1911 set Stock
258.000 Jan 1 1923
License Fee Invalid.
81,000,000J 1873 43i J-J
an ordinance of the City of Paterson imposing a license fee First mortgage
,
',N.Y.,or lstNat.Bk. J.C.
aside as invalid
c*ntflInt.atBkrs.Tr.Co.
(81.000)
the city limits.
within
of $25 for every trolley car operated1912 Court of Errors and Appeals af-The bonds (originally 78) matured Jan. 1 1903, but were exBonds.
-On Juno 21
Transfer Decision.
from that date.
sustained the tended as4s for 20 years
26
firmed the decision of Supreme Court on Dec.the 1911, which continue the
-Electric.
company to
(b) Newark Passenger Railway.
order of the Public Utility Comm. requiring
-Incorporated June 16 1890. On July 29 1893
transfers to all intersecting lines in Newark, but did not grant transORGANIZATION.
issue of
for 999 years. and so controlled by the Confers on a transfer.
as follows: leased to New Jersey TractionJersey, N. J. Traction Co. having been leased
The basis of exchange of old stock for stock of this company was
solidated Traction Co. of New
to be perpetual.
-See Public Service Corp. above.
to Cons. Trac. Co. Jan. 2 1894 for 999 years. Charter said
Wage Increase.
Receive New Stock
-Rental under the lease, $105,000 yearly.
LEASE AND RENTAL.
in new if all Stock
Total
Total
Maturity.
Interest. Outstanding.
Deposited.
Stock. Exchanged.
STOCK AND BONDS- Par.
Stock.
Name of Company$6,000,000 Own.byC.Tr
Text
8100
North Jersey Street Ry---$15,000,000 $14,994,400 100% 815,000,000 Stock
6,000,000 July 1 1930
By 1st cons M 1,000 5 g J-J
20.000,000 Newark Pass
19,984,600 100%
Jersey City Hob. & Pat_ _ _ 20,000,000
3,000,000
75%
1890 86.000.000 gold_c*tf N. J. Title Guar. & Trust Co.. Trustee.
4,000.000
United St.rty.Co.ofCent.J. 4,000,000
The 86.000.000 stock is all deposited as security for the Consolidated
$38,000,000 Traction Co. first mortgage.
$39,000,000 838,979.000
Total
Interest on consol. 55 is payable at First National Bank, Jersey City.
Outstanding. Div., &c.
Rate.
STOCK AND BONDS- Date.
& 1. by Consol. Trac. Co. and in Feb. 1895 the
837,981.600 Dec '13, 1 Si The consols are guar. p. bonds. V. 59. p. 969; V. 81. p. 900.
($100)Stock 838.000.000
See text guaranty was stamped on
240.000
6 J-J
1908
Car trust certfs Ser "A"_-_tf r Int. at Fidelity Tr. Co., Phila., Pa.,trustee.
-V.81, 13- 900-Embraces about 83 miles of track.
ROAD.
See text
270.000
5 J-J
1910
(c) Rapid Transit Street Railway Co. of the City of Newark.
Car trust certs Ser "B"_ _- -tf Int. at Fidelity Tr Co., Phila., Pa., trustee.
-June 1 1893 leased to Newark Passenger By., and
ORGANIZATION.
400.000
5
Traction, and so forms part of
Car trust certfs Ser "C"_ __tf 1912 Co. M-S
for Ins. on L. & G. A., Trustee. included with it in lease to New Jersey
(Penn.
Consolidated Traction system.
203,435
estate mortgagesReal
Interest. Outstanding. Last div.Ac
STOCK, BONDS,ETC.- Par.
of the Public
See text
Car trust certificates Series "A" were formerly an obligation
11% J-D30 3504.000
lease of equip. trust cars was assigned to Publie Stock
500,000 April 1 1921
5 g A-0
Service Corporation, butobligation assumed by Railwax Co. They mature First mtge 8500,000 g--c*ntf131,000
Service Ry. Co.and cert.
Subj. to call at 110 & int.1 Int. at Fidelity Trust Co., Newark. Trustee.
July 1 and Jan. 1. Series "B certificates mature
$40.000 semi-annually and 823,000 on July 1. Series "C" certificates ma)4% yearly are guaranteed by the Newark Passenger and
Dividends of 111
$22,000 on each Jan. 1
.
New Jersey Traction companies upon the stock.
$25,000 every Mar. 1 and Sept. I.
ture
(d) Passaic & Newark Electric Traction Co.
SECURITIES OF NORTH JERSEY STREET BY.
-Incorporated April 30 1895 and acquired all the
ORGANIZATION.
Interest. Outstanding. Maturity.
Date.
of Passaic & Newark Electric By. Consolidated Trac$15,000.00() 1898 4 g-M-N $15,000,000 May 1 1948 31.000,000 stock the stock and guarantees the bonds.
First mortgage
tion Co. owns all
Bankers' Trust Co. Now York, Trustee.
gold ($1,000 each)------tf Interest at Fidelity Tr. Co., Newark. N. J.
Interest. Outstanding. Maturity.
'
STOCK AND BONDS.- Date.
$1,000,000
Stock $1.000,000($100)-bonds, S7,30.000 are owned by Public Service Corp.
550.000 June 1 1937
Of the 1st mtge.
5 g J-D
M 81,000.000 guar p & if 1897
1st
HOBOKEN & PATERSON ST. BY.
1Int. at N.J.TitleGu.&Tr.jersey City,Trus.
by Consol Trac of N J _ ..tf
SECURITIES OF JERSEY CITY
Interest. Outstanding. Maturity.
Date.
Traction Co.
(2) South Orange Sc Maplewood1903 to North Jersey St. By. Co.(now
4 g M-N 81,4.061,000 Nov 1 1949
Pater-( 1899
This company was leased on Oct. 1
Jer City Hoboken & Pater- Interest at New Jersey Title Guarantee &
rental being $2,000
merged in Public Service By. Co.) in perpetuity, the
1st mtge gold. $20.Trust Co., Jersey City, Trustee.
Ott
000.000 ($1,000).

Gas & Electric Co. of Bergen County.
-Was leased to the Public Service Corp. for 999 years from
LEASE.
Jan. 1 1905. Dividends are 2% for first two years, 2%% for the next
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 311899. Is a consolidation of several
small gas and electric-light companies. Public Service Corp. owns 3455.000of general mortgage No. 2 bonds.
Interest. Outstanding. Maturity'
STOCK AND BONDS- Date.
See text.
$2,000.000
Stock $2,000.000 4100)5 g M-N
38.000 Nov 1 1954
$5,000,000 1904
fage
General mogi o
tf Equitable Trust Co., N. Y.. trustee.
5 M-N
2,071,000 Nov 1 1954
General mtge $5,000,000_ _tf 1904
Fidelity Trust Co., Newark, Trustee.
1,440,000 June 1 1949
Consolidated mortgage U.- 1899 5 g J-D
tf Fidelity Trust Co., Newark. trustee.
500,000 gold
23,000 Jan 1 1939
Englew 0& E gen mtge_-ntf_ 1899 5 J-J
6 J-J
3,000 Jan 1 1917
Hack Gas ac El deb Ser 1_ n tf_ 1897
5 J-J
10,000 July 1 1935
Hack Gas & El 1st mtge_ntf_ 1895
5 J-J
24,000 July 1 1934
Hack G L 1st M (81,000) cntf 1894
-Of the general mortgage for 85,000.000. $1,538,000 is reserved
Bonds.
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 'Jr. Co. is trustee. V. 80. P. 653.
Shore Lighting Co.
-Incorporated March 21 1911 in New Jersey and is a
ORGANIZATION.
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.
,
Corp.
he electric properties have been leased to Pub. Serv. Elec. Co. and the
gas properties to Pub.Serv. Gas Co.; the leases are for 900 yearsfrom May 1
1911 and provide for payment of interest on bonds and amount equivalent
to 5% per annum on the authorized stock.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$112,000
Stock $112.000 MOO)
5 g A-0
400.000 April 1 1951
First mortgage $400,066IolaI i§ii
tit Int. at Fidelity Tr.Co.. Newark. N.J.,trust.
($500)
-$341.500 bonds were issued to take up $341.500 Shore Electric
Bonds.
Co. bonds and $58,500 to take up 846,800 Cit. Lt. & Fuel Co. bonds; are
-V. 92, p. 1640.
guar.. prin. & int., by Public Service Corp.
Princeton Light. Heat & Power Co.
In 1910 Public Service Corp. acquired control. V. 91, p. 399. Public
Service Corp. owns $115,850 stock.
-Incorporated in New Jersey on July 31 1905 as a
ORGANIZATION.
consolidation of Princeton Elec. Light Works. Princeton Gas Light Co. and
Hopewell Elec. Lt., Heat & Pow. Co. Electric properties have been leased
to Pub. Serv. Elec. Co. and gas properties to Pub. Serv. Gas Co.. the leases
being for 900 years from May 11911,and providing for payment of interest
on bonds and amount equivalent to 2% per ann. on outstanding stock.
$115,850 of the stock Is owned by the Corporation.
Interest. Outstanding. Maturity
STOCK AND BONDS- Date.
$122.500
Stock $250,000 ($50)
-A
166,100 Feb 1 1939
1st ref mtge $250,000 golds ff 1909 5 g F
($100. $1,000 or frac)_c*tflInt. at Equitable Trust Co., N. Y., trustee.
-$15,000 of 1st & ref. bonds are reserved to retire like amount of
Bonds.
by Pub. Serv. Corp. Red. on any
prior liens. Bonds are guar., p. &
int, day at 105 and int. Sinking fund 4% of gross earnings of company begun in 1910.-V. 91. p. 399.




I

a)

1

SEPT.. 1914.]

ELECTRIC RAILWAYS

on the preferred stock for first year and increasing $500 yearly until ninth
year, when 36,000 is paid, which amount is to be paid thereafter. Rental is
guaranteed by Public Service Corporation of New Jersey. V. 77. p. 824.
ORGANIZATION.
-Consolidation in July 1901 of South Orange &
Maplewood Tr. Co. and South Orange SE MarlieWOOd St. By. Co. Stock
auth. and out., common. $75,000; preferred. $150,000. No bonds.
(3) Bergen Turnpike Co.
Leased to Public Service By. Co. Jan. 1 1908.
ORGANIZATION.
-Originally chartered on Oct. 27 1802 with $51,990
capital ($10 shares), and owns the turnpike from Hoboken to Hackensack,
a distance of 12 milles, over which an electric road was constructed in 1902.
Jersey City Hoboken & Paterson (now merged in the Public Service
Co.) owned a majority of the stock and guaranteed its $1.000,000 5%
bonds, dated 1901, due July 1 1951; interest .J-J (tf); prin. and int. payable
New Jersey Title Guar. & Trust Co., Jersey City, Trustee.
.(4) Orange & Passaic Valley RY. CO.
Leased for 900 years from Nov. 1 1903 to Public Service Corporation for
interest on the trust certificates issued in exchange for stock. Lease was
assigned to North Jersey Street Ry. Co. July 23 1907 and now held by
Public Service By. Co.
-Incorporated in 1898 as successor of Suburban
ORGANIZATION.
Traction Co., sold in foreclosure July 6 1898.
Interest. Outstanding. Maturity.
Date.
BONDS$833,000 Dec 1 1938
5 J-D
s
1st mtge $1,000,000
I 1898
N.J. Tit. Gu.& Tr. Co. of Jersey City. Trus.
$83.000 of outstanding bon are owned by Public Service Corporation.
(5) Camden & Suburban Railway Co.
Was leased on May 1 1904 to Public Service Corporation for 999 years
rental being (in addition to fixed charges) $30,000 for first year (1905).
$36,000 the second year. $42,000 the third year. $48.000 the fourth year,
$54.000 the fifth year. 372.000 the sixth year, $84,000 the seventh year,
396.000 the eighth year. $108,000 the ninth year and $120,000 the tenth
year and thereafter. V. 78, p. 2383. Lease was assigned to Public
Service Railway Co. Sept. 24 1907.
ORGANIZATION.
-Formed in 1896. Controls Camden Horse RR.
(which is leased) and West Jersey Traction Co. (stock 360.000)•
AND BONDS- Date.
Interest. Outstanding. Maturity.
STOCK
Q-F
Stock $3,000.000
See text.
See text
5 J-J
1st mortgage $3,000,000 ---- 1800
$1,940,000 July 1 1946
ctflInt.at N.J.Tr.&SafeDep.Co.,Camden,Trus.
(31,000)
-The stock is all outstanding; 20% paid in.
Stock.
-Of the 1st mtge. bonds, 31.000,000 are reserved to retire stock of
Bonds.
Camden Horse RR. and $60,000 are for extensions. V. 94, p. 1185.
-Operates 91.3 miles of track. Connection through to Trenton
ROAD.
is made over Riverside Traction (now leased by P. S. Ry.). V. 78, p. 1781.
2383; V. 88, p. 1126; V. 89, p. 154: V. 94. p. 1117. 1185.
(a) Camden Horse Railroad Co.
ORGANIZATION.-Incorp. March 23 1866. Stock. $250,000 ($25)•
Leased to Camden & Suburban Ry.from May 1 1896 for 999 years. Rental
&c., received. $60,000 per annum,from which is paid 24% on stock. All
bonds have been canceled.
-Has 30.11 miles of track.
ROAD.
(G) Camden Gloucester 6c Woodbury Railway Co.
Leased to Public Service Ry. Co.
ORGANIZATION.
-Entire 3600.000 stock is owned by South Jersey
Gas, Electric & Traction Co. All bonds have been canceled.
-Comprises 25 miles of road.
ROAD.
(7) People's Elevating Co.
ORGANIZATION.
-Incorporated in New Jersey May 31 1899. Stock
is all owned by Public Service By. Co.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock,$250.000($100)$250,000
First mortgage, $250,000.1 1899
5 g A-0
175,000 Oct 1 1939
Ott;Int. at N.J.TitleGuar.&Tr.Co.,J.C.,Trustee
gold (31,000)
(_8) New Jersey & Hudson River Ry. & Ferry Co.
Public Service Corporation has acquired $2,446,350 of the $2,500,000
common and 34.633 of the 3750.000 pref. stock. V. 91, p. 95. Is leased
to Public Service By. for 900 years from May 1 1911 for interest on bonds
and 6% on both common and pref. stocks.
ORGANIZATION.
-Incorporated at Trenton, N. J.. on Feb. 25 1910
as a consolidation of New Jersey & Hudson River By. & Ferry Co. and
Hudson River Traction Co. This company owns the entire capital stock
and bonds of The Riverside & Fort Lee Ferry Co., owner of the West 130th
St. Ferry. These securities are all deposited under the 35,000.000 mortgage. Franchises perpetual except one for 50 years and one for 99 years.
Chiefly private right of way.
Fares -For suit brought in U. S. Dist. Court asking that a resolution
passed by the Board of Chosen Freeholders of Bergen County, N. J., reducing the fares of this company, be declared illegal and void, see V. 99,
p. 407.
STOCK AND BONDS- Date.
Interest. Outstanding. Dividends.
Stock, corn, $5,250,000 ($100) 32,500,000 See text
Stock, pref, $750,000 6% cum __
6F
-A
750.000 See text
N J & II R RY & F Co 1st M,1 1900
4 g M-S
4.011.000 Mar. 1 1950
$5,000,000 g ($1,000)_c•tff Int. at U. S. Mtge.&Tr.Co., N.Y., Trustee.
Hud Riv Trac 1st M,
$1,000,- 1902
5 g M-S
631,000 Mar. 1 1950
000 g (31,000)
tf Int. at U.S. Mtge.& Tr. Co., N.Y.,Trustee
Stock.-Pref. stock is redeemable at 115 and accrued dividends. $7,200
pref. stock in treasury.
Bonds.
-N.J. & Hud. River Ry.& Ferry Co. bonds can be
int. day at 105 and int. upon six weeks' notice. V. 80, p. called on any
998. Hudson
River Traction bonds are subject to call on any int. date
at 110. 367,000
are owned by N. J. & H. R. By. & Ferry Co.
REPORT.
-Included in Public Service Ry.
ROAD.
-Owns and operates 31.33 miles of track from Edgewater. N. J
(terminal of W. 130th St. ferry, N. Y. City), to Englewood.
Hackensack
and Paterson; also 17.11 miles of track from Hackensack
to Hasbrouck
Heights, Woodridge, Rutherford to Arlington and a
line
brouck Heights to Lodi. The cars of this company branch to from Hasoperate
the business
centres of Newark, Passaic and Paterson.
p.1479; V.88. p. 5,375; V.91. p. 95,946; -V• 82, p. 510, 1323; V. 87,
V.92, p. 462; V.99. p.407.
(9) Riverside Traction Co.
-Trolley.
Lease.
-Company is leased for 999 years from April 1
Service Ry. The lease provides for int. on bonds 5% dive, 1912 to Public
pref. stock and a div. on corn, amounting to 314.193 theon outstanding
first year,
creasing annually until seventh year, when the maximum of 320,169 inwill
have been reached. V. 94, p. 699.
ORGANIZATION.-Incorp. in New Jersey June 20 1910 as successor to
Camden & Trenton By.,sold at foreclosure. See plan, V. 88, p. 1126.
Owns 395 out of 400 shares (par 3501 of the capital stock of the Cinnaminson Elec.
Pow. & Htg. Co. of Riverton. N. J., which supplies the
towns of Beverly. Delanco, Riverside, Riverton and Palmyra. with light.
Lt.'
Also owns entire capital stock 450,000) of the Bordentown Elec. Co., which
supplies light to Bordentown and vicinity.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity,
Common.$1.100.000 ($50)_
$747.150
Preferred. $400,000 ($50)___- ___5%
266,500
First M $1,500,000 g (3100)1 1910 5 g J
-D
1,368,000 June 1 1960
$500& $1,000)call.at 110 tf!Int. at West End Trust Co.,Phila., Trustee.
Bonds.
-Remaining bonds are for extensions and betterments. Subject
to call, all or any. on any interest day at 110 and int. Interest is guaranteed by Public Service By. V. 94. p. 280, 352.
ROAD.
-Comprises 32.96 miles of track between Trenton and Riverton
(where connection is made with Camden & Suburban By. Tracks). By a
contract between this company and the Camden & Suburban,the Riverside
Traction cars run direct to Philadelphia Ferry at Market and Federal streets,
Camden.
-V.93. p. 408; V. 94, p. 280, 352, 699.
(10) Paterson & State Line Traction Co.
Stock all owned by the Public Service Railway Co.
ORGANIZATION.-Incorp. in New Jersey Nov. 15 1901. Stock
authorized, 3300,000 (increased in July 1913 from 3100,000; V.97, p.522);
outstanding, $04,000.
BONDS.Date.
Interest. Outstanding. Maturty.
1914
1st mtge $300,000 gold
5%
$150,000
1964




77

NEW BEDFORD, MASS.
NEW BEDFORD & ONSET STREET R Y.
-A trolley road.
0RGANIZATION.-Incorporated in Massachusetts in 1901. This company is owned in the same interest as the Union St. By. Co. In June 1906
issued $50,000 new stock in exchange for
of
& Buzzard's Bay St. Ry., which was a the $150,000 stockthethe Taunton
reorganization of
Middleboro
Wareham & Buzzard's Bay St. Ry. V. 82, p. 1438.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock,3550,000($100)$550,000 Dec.'13 3%
.
First mortgage, 3500,000,1 1902 5 g J-J
280.000 Jan. 1 1922
gold (31.000)
entflInt. at International Tr. Co.. Boston. Trus.
No
MW&BD 1st mortgage, 1901 sinking fund and not subject to call.
4 g A-0
150.000 Oct. 1 1921
$150.000 (31,000) g__cntflint. at Federal Trust Co., Boston, Trustee.
Bonds.
-The Middleboro Wareham & Buzzard's Bay bonds have no
sinking fund, but are subject to call before
Oct.
See V. 73. p• 1313. Int. was formerly 5%,but on 1 1921 at 105 and int.
consolidation with New
Bedford & Onset was reduced to 4%.
ROAD.
-Owns 44.119 miles of track between Fairhaven and Onset and
in Middleboro and to Buzzard's Bay and to
Monument Beach. 28 passenger cars, 4 snow plows, 4 miscellaneous and 104 electric
motors.
EARNINGS.
-For 12 mos. ending June 30 1914. gross, $162,071: net.
$441,383; charges and taxes, $29,640; diva.,$16,500; deficit,
34.758.
Revenue passengers carried in 1913-14, 2703.698,
against 2,583.157 in
1912-13.
OFFICERS.-Pres., H. H. Crape; V.
A. Cook; Treas., E. F. Nicholson; Supt.. -P., E. S. Wilde; Sec., Clarence
Geo. P. Dole.
-V.82, p. 1438.
UNION STREET RAILWAY.
-A trolley road.
ORGANIZATION.
-Incorporated in Massachusetts
as a consolidation of Acushnet St. Ry. and New Bedfordon March 18 1887
By. On Nov. 1 1910 consolidated with Dartmouth & & Fairhaven St.
Westport St. By.
V. 91, p. 465, 519. 718, 1096.
STOCK AND BONDS- Date.
Interest. Outstanding. Last div.&c.
Stock,$1,625,000(par $100)
Q-F
31.625.000 Aug.'14.2%
First M 32.000,000 (31.000).i 1914 434 g J-J
250,000 Jan.
gold no sinking fund__ ntf Int. at Old Colony Trust Co., Boston,1 1934
Trust.
Bonds.
-Redeemable after an. 1 1919 at 110. Issued to retire consol.
mtge. of 1894, due Jan. 1 1914. V. 97. p. 1584. 1664.
Dividends.
-In 1896-97. 10%; in 1897-98. 6%; 1898-99 to 1906-07, incl.,
8% per ann.; 1908 to 1913 incl..8% per ann. In 1914, Feb.,2%;
May,2%.
May,2%;Aug.. 2%.
ROAD.
-Operates 63.92 miles (of which 51.09 miles are owned) in New
Bedford and adjacent towns and connects New Bedford and Fall
220 passenger cars; 14 freight and service cars and 14 snow plows. River.
EARNINGS-For 12 mos. ending June 30 1914. gross.
31.004.350; net.
3356.881; charges and taxes, $119,528; div. (8%). $130,000;
$107.352. Revenue passengers carried in 1913-14. 19,174.068. surplus.
against
18,404,656 in 1912-13.
OFFICERS.-Pres., H. H. Crapo; V.
-P., E. S. Wilde; Sec., C. A.
Cook; Treas.. E. F. Nicholson; Supt., E. S. Wilde, all of New Bedford.
V. 70, p. 947, 1050; V. 75. p. 1088; V. 88, p. 946; V. 89, p. 780;
465. 519, 718. 1096; V. 97, p. 1584, 1664, 1735; V. 98, p. 525. V. 91. p.

NEW HAVEN, CONN.
NEW YORK NEW HAVEN & HARTFORD BY. (Trolley
lines.)
The New York New Haven & Hartford's interests in trolley
extensive, and control originally was held through three lines is very
organizations,
the Connecticut lines having been comprised in the
subsequently merged in the New Haven (and now Consolidated By. Co.,
Connecticut Co.),
the Massachusetts street railway properties (except thenoted
as
below) being
held by the New Eng. Invest. & Secur. Co. and the Rhode
Island lines (operated by the Rhode Island Co.). But,owing to the adverse
Court decision
noted below, the New Haven company severed direct
connection with
Massachusetts trolley lines. Later, however, Massachusetts policy the
was
modified and the Berkshire St. By. was purchased in July 1910
by
N. H. & H. from the New Eng. Invest. & Secur. under an Actthe N.Y.
Legislature passed in June 1910. V. 90, p. 1612; V. 91, D. 154. of Mass.
In
1913 the Mass. Legislature passed a bill over the veto of Gov. FossJune
mitting the consolidation of trolley lines in Western Massachusetts perand
their acquisition by the N.Y. N. H.& H. V.96.P. 1630. 1702.
The New Haven's i nterests in trolley properties is now vested in the
following companies:
Berkshire Street By.
Rhode Island Co.
Connecticut Co.(now operated inde- The Hoosic Falls RR. Co.
pendently by trustees).
The Vermont Co.
New York & Stamford By.
Westchester Street RR.
N. Y. Westchester & Boston.
Under an agreement reached with the U. S. Govt. in Jan. 1914 the N. Y.
N. H.& H. has pledged itself to dispose of its interest in the various trolley
properties. In March 1914 formal announcements were made by the Govt.
and the N. Y. N. H. & H. RR. that an agreement had been reached for a
disintegration of the New Haven Co. In this announcement it is stated
that "The stocks of the companies which control the Connecticut and
Rhode Island trolleys will be placed in the hands of trustees 5 for each
State-and shall be sold within 5 years from July 1 1914.' Further, that
"the Berkshire trolleys shall be sold within 5 _years from July 1 1914." See
V. 98, p. 1000, under caption "N. Y. N. Y. & II. RR. Co.' For the
trustees appointed as outlined above; see V. 98. p. 1245. V. 97. p. 1020.
1357; V.98, p.266. 1000, 1245, 1316. 1393; V.99, p. 270,604.
CONNECTICUT COMPANY.
Proposed Sale of Stock-Trustees Appointed.
-The trustees for this company are: Judge Walter C. Noyes of New London, William Waldo Hyde
of Hartford, Lyman B. Brainerd of Hartford. George E. Hill of Bridgeport
and Charles Cheney of South Manchester. See remarks under N. Y. N.H.
& H. RR. Co. above and V. 98, p. 1000, 1245.
Separation from the N. Y. N. H. ct H. RR.
-In May 1914 this company
announced that it had become a separate organization, "complete and independent" from the N. Y. N. H. & H. RR. V. 98, p. 1459.
This is the company which operates the trolley lines in Connecticut
controlled by the N. Y. N. H. & H. and which formerly were comprised in
the Consolidated Railway Co. The latter company, the whole of whose
310.000.000 stock was owned by the N. Y. N. H. & H. RR. Co., was on
May 31 1907 (after it had previously taken over the New Eng. Nay.
valuation of $20,000,000 and increased its stock to $30.000,000 Co.at a
for the
purpose) consolidated with and merged into the N. Y. N. H. & H. RR.
The charter of the New Haven Co. was amended by Act of the Connecticut
Legislature, approved March 26 1907, so as to permit the
stock of the New Haven Co. was issued, share for share,merger, and new
to represent the
$30,000.000 stock of the Consolidated Railway Co.; V. 84, p. 1052. 1308.
It was distinctly provided that the rights, powers and franchises of both
companies should be vested in the enlarged company.
ORGANIZATION.
-Incorporated in Connecticut.
all owned by N. Y. N. H. & H. June 1 1907 began Stock. 340,000.000.
operating the
comprising the Consolidated Ry.(merged in 1907ln the N. Y. N. H. lines
& H.);
Feb. 28 1910 purchased substantially all the various street
railway properties of the N. Y. N. H. & H. in Connecticut.
On March 1 1910 all the gas, water and electric-light properties
formerly
operated by the Connecticut Co., but owned or
& H. RR. Co,.. were transferred to the Housatonicleaseti by N. Y. N. H.
Power Co.,
pany increased its stock from $1,000,000 to $3,000,000, to which compay for the
acquisitions. On Jan. 1 1912, however, the gas
-distribution lines of the
Housatonic Pod/er Co. and also the lines supplying
electricity (not the
power plants) in Waterbury. New Britain,
Greenwich, Norwalk and
Naugatuck were taken over under a sub-lease for 994
1911 by the United Elec. Lt. & Water Co. V. 94. p. years dated Oct. 1
71: V. 93,P. 1669.
Lease.
-The Connecticut Co. lines north from New
Thompson, 104.9 miles (comprising the New London St. London to East
Ry., the Norwich
St. By.. the People's Tramway Co., the Putnam
& Thompson
latter
Montville St. By.'and Willamantic Traction
pRaY•ny.
Shore Line Elec. Ry. See separate statementCo.), was leased to the
for the
further below.
company
Mail Service Stopped June 21 1914.
-See V.99, p.
The following companies have been absorbed or 342.
are leasedror controlled:

ELECTRIC RAILWAYS

78

Middletown Street By. V.79, p.268.
Montville Street By. V. 79, p. 268.
New Haven St. By. V. 79, p. 989.
New Haven & Centreville Street Ry.
V. 78, p. 989.
New Hay. & W. Haven Horse RR.
*New London St. By. V. 79. p. 268.
*Norwich Street By. V. 79. p. 268.
*Putnam & Thompson Street By.
Stafford Springs Street Ry.
Stamford Street By.
Suffield Street By. V. 80.p. 1914.
Torring.& Win.St. By. V.85,13.1463.
Village Water Co. V. 80. p. 1914.
Wallingford Tramway Co.
Waterbury & Pomperaug Val. St.Ry.
West Shore By. Co. V. 78. p. 989.
Willimantic Trac. Co. V.81.p. 1176.
Winchester Ave. By. V. 78, p. 989.
*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, 13. 803.
and V. 83. p. 1037. $17,347,000 of debentures have been so exchanged for
18.673.500 N. Y. N. H. & H. RR. stock. See V. 84. p. 1114. The fo lowing shows the details for each issue of debentures:
Debentures of The Consolidated Railway Company-Ail tax free.
Ex. 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.,4g J-J 4.000,000
2,160,000 al.340,000
Apr.!'05. 50-yr.,4g A-0 3,500,000 *3.500,000
-J
Jan. 1'06,50-yr.,4g J 10.000,000 *10,000.000 7,989,000 a2,011.000
5,000,000
5.000.000
Mar.!'07, 10-yr.,5% con.15,000,000
Branford Lighting & Water Co. V.
81, p. 155. 211).
Connecticut Railway & Lighting Co.
V. 83. p. 1524.
Danielson & Norwich Street By.
V. 79, p. 268.
E. Hartford & Glastonbury St. By.
Fair Hay. & Westv.RR. V.78,p.989.
Farmington Street By. V. 69, p.
283: V. 89.P. 593. 1542.
Greenwich Tram. Co. V. 80. p. 118.
Hart.Man.&Rockv.T.Co. V.82,p.280.
Hartford & Middletown Street By.
Hartford Street By.
Meriden Electric By. V. 79, p. 268.
Meriden Horse RR. V. 79. p. 268.
Meriden Southington & Compounce
Tramway Co. V. 83,p. 1524.

Total exchangeable_ _$37,500,000 $27,500,000 $17,585,000 $9.915,000
b Feb. 11905. 25-yr., 3.
1,000.000
28,000
-A
1,000,000
3% and 4 g F
972.000
Total of all

$38,500,000 $28.500,000 $17,613,000 $10,887,000

*Guaranteed, principal and interest, by N. Y. N. H. & II. 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 and 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
N H & Centerv 1st M, 13,1 1893 5 g M-S
assmd by NYNH& 11,ntf
New Haven Street RR.1894 5 J-D
Consol mortgage,$250,000.
250,000 June 1 1914
($1,000)notsub to callc ntf Int. at American Tr. Co.. Boston. Trustee.
4 g M-S
Hartford Street By, nowi 1900
2,500,000 Sept. 1 1930
1st mortgage, $2,500.000{Conn. Tr. & Safe Dep. Co., Hartford.
c*ntf I Trustee. Int. at New York or Boston.
($1,000) g
Hartford St By deben "M"ntf 1900 4 J-J 15
165,000 Jan 1 1930
won & cofin East ist m sf gt 1902 4 g J-J
1,992,000 Jan 1 1943
$3.100,000 ($1.000)___c*tffInterest at New York Trust Co., Trustee,
Hart Man & Rock first mtge
5 A-0
1300,000 ($1,000) gold_ ntf 1894
200,000 Oct 1 1924
5 g J-J
Meriden Horse Railroad con-i 1894
415,000 Jan 1 1924
solidated mortgage gold Interest at Girard Trust Co. of Philadelphia.
tfi State Treasurer of Connecticut, Trustee.
$500,000
Mer South & COMP 1st M gJ 1898
175,000 July 1 1928
5 g J-J
.
$200,000 (31.000) c* ntf
Optional at 110 and interest.
callable at 110 since 1903_ _ Interest at Trust Co. of America, New York.
Tory & Win first mortgage 1897 5 g J-D
150,000 Dec 1 1917
$150,000 gold
c*_ ntf Int. at Hurlburt Nat. Bank, Winsted, Conn.
Montville Street Ry 1st mtge 1900 5 g M-N
250.000 May 1 1920
3350,000 ($1.000) gold Interest at American Trust Co., Boston.
(cannot be called_ _ _ _c* tf
Greenwich Tramway first 1901
320,000 July 1 1931
5 g J-J
mtge $400,000 (11,000) Interest at New York Trust Co. New York
c*_ntf I State Treasurer of Connecticut, Trustee.
gold
5 J-D
150,000 Dec 1 1914
Midd Horse RR 1st g ($500) tf 1894
30,000 Nov 1 1916
Portland St By first mtge_ ntf 1896 5 M-N
5 J-J
400,000 July 1 1956
Stafford Spgs St By 1st M g tf ----The Consolidated By. debentures are not subject to call. All
Bonds.
the debentures have printed on their face the statement that if a mortgage
Is made on any or all of the company's property which was owned on Jan. 1
1905. except to renew existing mortgages, the debentures shall participate
In the security of such mortgage. The debentures due in 1930 bear 3%
% for next 5 years and 4% for
Interest from Feb. 1 1905 for first 5 years,
following 15 years, and were issued to pay for acquiring the Berkshire Street
which company was subsequently acquired by the New
By.(V. 80, p. 471),
Y.
England Investment & Security Co., then in turn re-acquired by the N.ac1 1955 were issued to
N. II. & H. The $3,500,000 debentures due April debentures of Jan. 1906
Street By. The $10,000,000
quire the Hartford
were issued to the N. Y. N. H. & Hartford for advances. will be issued.
Of the Worcester & Connecticut Eastern bonds, no more
1% of
A sinking fund on these bonds commenced in 1908 of not to exceed a 3%
be bought on
bonds outstanding. Bonds cannot be called, but may 1204. Of the Montbasis or better,and kept alive for sink.fd. See V.75,p. can only be issued
ville St. By. 1st mtge. gold bonds, the balance unissuedproperty. Original
to
for 66% of actual certified cost of impts. or additions bonds might be called
mortgage of the Montville Street By. provided that this redemption clause
supplemental mortgage
in 1905 at 105, but through a
was eliminated, so bonds are not now subject to call.
-Of Connecticut Co. for year ending June 30 1914. gross,
EARNINGS.
$8,085,399; net after taxes, $2,318,010: other income. $260,523; int.,
rentals, &cc.. $1.077.461; surplus, $1,501,072.
-Connecticut Company operates 801.215 miles of line (of
ROAD.
miles
which 495.218 miles are owned, 299.150 miles leased and 9.847towns:
operated under trackage rights), serving the following cities and
Hartford. Bridgeport, Waterbury, New Britain,
Cities of New Haven,
Meriden, Middletown, Stamford, South Norwalk, Rockville, Derby,
Shelton, Ansonia, and the towns of East Haven, Branford, North Haven,
Plainville,
Wallingford, Hamden, Orange, Southington,Wethersfield.Farmington,
West HartPortland, Middlefield, Cromwell. Rocky Hill,Hartford, East Windsor,
Windsor, Stafford, East
ford. Bloomfield,
South Windsor, Manchester, Vernon, Enfield, Glastonbury, Greenwich,
Stratford. Milford, Huntington, Fairfield, Westport, Norwalk. Darien,
Naugatuck, Watertown, Middlebury, Thomaston, Torrington, Winchester,
and Berlin. Connecticut.
Beacon Falls, Seymour. Cheshire, Newingtonand 365 freight, &c., cars;
Cars operated June 30 1913, 1.664 passenger
total, 2,029. Standard gauge.
OFFICERS.-Pres., Lucius S. Storrs; V.-Pres., H. M. Kochersperger;
Treas., A. S. May; Asst.
Sec., A. E. Clark; Asst. Sec., C. H. Hempstead; Mgr., J. K. Punderford,
Gen.
Treas.. T. F. Paradise; Aud., I. A. May; 666, 1733; V. 98, p. 999, 1244,
-V.91, p. 870; V. 97, p.
all of New Haven.
1459; V. 99, p. 342.
Co.
(1) Connecticut Railway & Lighting 1 1906 to the Consolidated By.
-Leased for 999 years from Aug. the N. Y. N. H. & H. RR. Co.
Lease.
since been merged in
Co., which latter has
year 1906-07 and increases gradually
Rental amounted to $975,000 for theand for every year thereafter. The
1914-15
to $1,400,000 for the yearthe Colonial Trust Co., trustee, $10 per share
common shareholders paid
rental received under the lease,
on their stock, which, with the surplus Is sufficient to pay 4% per anProvides a fund which, it is announced. the stock has assented to this
num on both com, and pref. shares. All to accept 4% dividends durarrangement. Preferred shareholders agreed 84, p. 507. Pref. stock was
ing the term of the lease, instead of 5%. V. of dividends on pref. shares
issued in satisfaction of unpaid accumulations have been 1% each quarter.
to Aug. 1 1906. Dividends since on pref. stock
Philadelphia holds
-United Gas Improvement Co. of
ORGANIZATION.
Connecticut July 2 1895 as
controlling interest. Originally chartered in
changed March 2 1899 to
the Gas SupplCo. Charter amended and name of uniting various street
purpose
Connecticut Lighting & Power Co.,for theConnecticut. Name changed as
railway and light and power properties in
It is a consolidaat present on Jan. 10 1901. V. 71, p. 1269; V. 72, p. 44. to be perpetual:
tion of the following companies, whose franchises are said




[VOL. xclx.

Norwalk & So. Norwalk El. Lt. Co.
Bridgeport Traction Co.
Norwalk Street Railway Co.
Central By.& El. Co. of New Brit.
Norwalk Tramway Co.
Cheshire Street Railway Co.
Shelton Street Railway Co.
Derby Street Railway Co.
Greenwich Gas & Electric Ltg. Co. Southingt'n & Plantsville Tramway.
Milford Street Railway Co.
Thomaston&WatertownElec.Ry.Co.
Waterbury Traction Co.
Naugatuck Electric Light Co.
Naugatuck Valley Electric By. Co. Westport& Saugatuck Street By.Co.
Norwalk Gas Light Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- . Date.
See text
$8,977,200
Common stock ($100)_
Pref 5% cum after Jan 1 1904
Q-F 15
8,142,900 Aug '14. 1%
($100) (reduced to 4% un- ____
der lease to New Hay Co_ 434 g J-J 12,551,000 Jan 1 1951
1st & ref $15.000,000 gold 1901
($1.000) sinking fund_c*tf Int. at Trust Co. of Amer., N. Y., Trustee.
706.000 July 1 1923
Bridgeport Traction mort- 1893 5 g J-J
gage $2,000,000 gold ($1.- Trustee, Fidelity Trust Co., Newark, N. J.
Interest at Redmond & Co.. New York.
c
000)
209.000 Jan 1 1939
Connecticut Light & Pow_ ntf 1899 5 J-J
-Of the 1st & ref. mtge. bonds, $915,000 reserved to retire the
Bonds.
prior bonds. The remaining $1,534.000 was reserved for extensions or
betterments, but under lease to the New Haven road cannot be issued for
any purpose without consent of lessee. V. 84. p. 507. Statement to New
York Stock Exchange in V. 73,13. 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
date at 105 and interest and establishing a sinking fund of 34 of 1% per annum 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 1914.
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 $10,782,000 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,
Norwahr, 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 By. for reaching Hartford. Gauge, 4 feet 834 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, $1,375,937; intet est paid, $610,545; expenses. $2,630;
sinking fund, $62,755: dividends, $684,804; surplus, $15,203.
-P., Walton Clark; Sec., G. W.
OFFICERS.-Pres., R. A. C. Smith; V.
Curran; V.
-P. & Treas., Lewis Lillie. Office, New Haven, Conn.
V. 84, p. 390. 507, 1113, 1366; V. 85. p. 921; V. 86, p. 228.
(2) West Shore Railway.
-Organized Dec. 15 1893. Leased on Dec. 14 1895
ORGANIZATION.
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 and purchased the $30,000 1st mtge. bonds which fell due
July 1 1914.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$80,000 See text
Stock,$200,000($25)
ROAD.
-Owns 7.42 miles of track. Standard gauge.
SHORE LINE ELECTRIC RR.to take over
ORGANIZATION.-Incorp. in New York on Dec. 18 1909By. (sold at
the section of the Tarrytown White Plains & Mamaroneck of 1.46 miles.
foreclosure) between Mamaroneck and Larchmont,a distance
authorStock auth., $300,000. In Aug. 191,3 the New York P. S. Comm. comthe
ized the N. Y. N. H.& H. RR. to acquire all the capital stock of
pany to be authorized by the Commission (V. 97, p. 597).
SHORE LINE ELECTRIC RY. (Connecticut).
ORGANIZATION.-Incorp. in Conn. in 1905 to construct an electric
railway between New Haven. Stony Creek. Guilford, Madison, Clinton.
Westbrook. Old Saybrook, Essex, Ivorytown and Deep River. Entrance
Extended
to New Haven over tracks of Connecticut Co. -year lease its line in 1913
portion of
from Deep River to Chester and took under 99 Division, that miles. In
104
Co. known as the New London
the Connecticut
By. V. 96. p. 1298:
Aug. 1913 leased the New London & East Lyme St.
V. 97. p. 445.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$700,000
Common,5700,000($100)____
300,000
Preferred, 1300,000 (1100)2,000.000 Feb 1 107
-A
5g F
1907
First mtge.$2.000,000
2 1923
5 g A-0
New London St By first mtget 1893 American Trust150,000 Oct
Co., Boston.
ntfant. at
3150,000, gold
250,000 May 1 1920
5 g M-N
Monty St By 1st M $250,0001 1900
A-0
350.000 Oct 2 1923
Norwich St Ry first mtge. 1893 5 gAmerican Trust Co., Boston.
ntf Interest at
$350,000 41.000). g
200,000 April 1 1935
5 g A-0
New Lond & E Lyme 1st M.1 1905 Nat. Bk. of Corn., New Lon., Conn.
$200,000. g ($1.000)____c*fInt. at
-Gauge, 4 ft. 834 inches.
ROAD, ETC.
-P., F. deC. Sullivan; Sec. and
OFFICERS.-Pres., R. W. Perkins: V.
-V.96. p. 1298; V. 97, p. 445.
Treas., A. E. Sherman.
THE RHODE ISLAND CO.
-The trustees appointed for
Proposed Sale of Stock-Trustees Appointed.
this company are: Rathbone Gardner, Thomas Francis Greene, John C.
Mumford, all of Providence. See
Ames, John P. Farnsworth and Chas. C. and
V. 98. p. 1000,
N. Y. N. H.& H. RR. statement above successor to the 1245.
Providence SeThe New England Navigation Co.. as
curities Co., owns all the stock of the Rhode Island Co.
1902 by Special Act of the Rhode Island
-Created in
ORGANIZATION.
Legislature. Leases the Union Railroad Co.,the Pawtucket Street Railway
-see terms under United
Co. and the Rhode Island Suburban Railway Co.
Traction & Electric below. The Rhode Island Co. has no bonds. In
June 1907 purchased the Providence & Burrillville Street By., the Columbian Street By. and the Woonsocket Street By. companies. V. 84. p. 1368.
In June 1911 leased the Providence & Danielson Ry., the Seaview RR.
and Narragansett Pier RR.-see terms under separate companies below.
V. 92. p. 1566.
-On May 27 1912 entered into an agreement with city of
Franchise.
-year franchise from July 1 1912
Providence granting the company a 20
under regulations as to operations, equipment, &c., principally mentioned
p. 619.
in V.95,
Interest. Outstanding, Mattel,
STOCK AND BONDS- Date.
1913. 6 0
$9,685.500
Stock, par $100
19 4
4-44-6% 4,500.000
Notes June 30 1914
$3,500,000 above notes are held by N. Y. N. H. &
-The Rhode Island Co. operates 346.29 miles of line, of which
ROAD.
38.80 miles are owned and 307.49 miles are leased. It serves the cities of
Providence, Pawtucket, Central Falls, Woonsocket and Cranston in Rhode
Island and Danielson, Conn., and the towns of Warwick, North Providence, East Providence, Johnston, Smithfield, North Smithfield, Merrillville. Cumberland, Lincoln, Barrington, Coventry, Scituate, Warren,
Bristol.. East Greenwich, Foster. North Kingston, South Kingston and
Narragansett. The tunnel from North Main St. to Thayer St. was opened
in Aug. 1914. V. 99, p. 539. Its 'equipment consists of 975 passeng3
cars,85 freight cats and 151 miscellaneous cars; total, 1,211.
-For year end. June 30 1914, gross. $5,379,149; net after
EARNINGS.
taxes, $1,482,350; other income, $144.659; total income, 31,627,009; int..
rentals, &c., $1,279.366; surplus, $347,643.-V. 89. ip. 43; V. 90, P• 699;
1677; V. 92g. 1566; V. 95, P. 619; V. 97. p. 667; V. 98, u. 1001, 1246;
V. 99, P. 5
(a) United Traction & Electric.
-United Traction & Electric Company, chartered in
ORGANIZATION.
New Jersey, owns the Union Railroad Co. of Providence, the Pawtucket
the Rhode Island Suburban By. Co., and thus controls
Street By. Co. and

SEPT.. 1914.1

f

ELECTRIC RAILWAYS

the entire street railway system of the cities of Providence. Pawtucket and
Central Falls, and of the counties of Kent, Washington, Bristol and Providence.
The Union RR. Co., the Pawtucket St. By. Co. and the Rhode Island
Suburban By. Co. have been leased for 999 years from July 1 1902 to The
Rhode Island Co. for an amount of rental permitting the United Trac. &
Electric, the owner of the shares of the three leasing companies, to pay its
yearly fixed charges and dividends of 5% on its stock.
STOCK AND BONDS- Date. Interest. Outsrd'g. Div.,Mat.,&c.
58.000.000 Oct'14,1 %
5 Q-J
Stock
9.000.000 Mar 1 1933
United Trac & Elec Co. Provl 1893 5 g M-S
& Paw issue, 1st (coll)1Interest at Central Trust Co., N. Y.,Trustee
mtge ($1,000), gold_ _ _ ntff
Dividends.
-Company started paying dividends with 1% in 1897. In
18983% was paid; in 1899.3U%;in 1900.4%;in 1901.4%;in 1902.43i%:
1903 to 1913 incl. 5% per ann.; in 1914. Jan., 1 Ji %; Apr., 1g %; July,
M %; Oct., 1 X %.
-The bonds are secured by the pledge of the
SECURITIES PLEDGED.
following securities deposited with the Central Trust Co. of N.Y.,as trustee
of the bondholders: All of the $9.000.000 capital stock of the Union RR.
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.
of Providence. Also, through the ownership of the Union RR. Co.. $299.of the Providence
800 of the $300,000 capital stock, being all but 2 shares,Tramway Co. is
Cable Tramway Co. (no bonds). The Providence Cable
RR. Co. for 50 years for 6% on its capital stock.
leased to the Union
-The United Traction & Electric Co. has
TREASURY SECURITIES.
n its treasury the entire capital stock ($5,000,000) of the Rhode Island
-V. 87, p. 1012; V. 89, p• 105.
Suburban By. Co.
-A trolley road.
(b) Rhode Island Suburban Railway.
ORGANIZATION.
-Chartered June 2 1899 by the Legislature of the
power to construct, purchase, lease or operate
State of Rhode Island with
trolley roads in any part of the State, except Newport County. By the
terms of its charter it is vested with the power of eminent domain, and the
right to transport passengers, freight, express matter and United States
mail in any territory where it is authorized to do business. Leased to
Rhode Island Co. June 30 1904.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$5,000,000
Stock. $5.000,000
4,682,000 Jan. 1 1950
4 g J-J
First mortgage ($1.000), guar{ 1900
prin and int. $5,000.000. Union Trust Co.. Providence, Trustee.
c* Interest at office of the By. Co., Providence.
gold
The United Traction & Electric Co. owns the entire capital stock and
guarantees the bonds, principal and interest.
-There are reserved in the hands of the trustee $318,000 to take
Bonds.
up and retire $247,200 5% gold first mortgage bonds of the Pawtuxet Valley
Electric Street By. Co. and $70,000 6% gold first mortgage bonds of the
Cumberland Street By. Co., the former issue being guaranteed, principal
and interest by the United Traction & Electric Co., which guarantees the
payment of the interest on the Cumberland bonds.
-The bonds are secured by a mortgage on all
SECURITIES PLEDGED.
the property owned or hereafter acquired by the company, and by pledge
of the following securities: 700 shttres of the Cumberland Street Ry. Co..
3.985 shares of the Pawttucet Valley Electric Street By. Co. and 5.0116
shares of the Barrington Warren & Bristol Street By. Co.
-Consists of 71 miles of track.
ROAD.

79

EARNINGS.
-For year ending June 30 1914. gross income. 5994,467;
net, after taxes, $129,889; other income, $2,349; interest, rentals, &C..
$204,745; deficit, $72,507.
ROAD.
-Operates 144.86 miles of line (116.78 owned and 28.08 leased)
serving the cities of Pittsfield and North Adams and the towns of Williamstown, Clarksburg, Adams. Cheshire, Lanesboro, Dalton. Lenox, Hinsdale.
Lee, Stockbridge, Great Barrington, Egremont and Sheffield, Mass. 152
passenger and 27 other ears.
-V.92. p. 955; V. 93. p. 870; V. 94. p. 205,
1117; V. 95, pt 967, 1039; V. 96, p. 1088, 1627; V. 98, p. 999; V.99,P. 195.
(1) Vermont Company.
Lease.
-Is leased to the Berkshire St. By. for 99 years from Feb. 1 1911.
Owns 20.85 miles of line (serving Bennington and PownaB, being that part
of the former Bennington & North Adams St. By. lying within the State
of Vermont. Also owns the stock of the Hoosick Falls Ry. On June 30
1913 the N.Y. N. H.& H.owned 6,500 shares of stock and 846.000 1st M.
bonds (tf).
(a) Hoosick Falls Railroad.
Incorp. in 1910 to acquire that portion of the former Bennington & North
Adams St. By. lying in New York State. On Feb. 1 1913 was leased to
the Berkshire St. Ry. for 99 years. All the stock is owned by Vermont Co.
Owns 7.53 miles of line. serving the towns of Walloomsic, North Hoosick
and Hoosick Falls, N. Y.
NEW YORK & STAMFORD RAILWAY CO.
On June 30 1914 N. Y. N. H. & H. owned entire capital stock and the
$185.000 notes.
ORGANIZATION.
-Chartered in New York on Aug. 3 1901 as a consolidation of Port Chester Street By. and Larchmont Horse By.
On Feb.4 1913 the P. S. Comm.auth. the issuance of 8651,000 1st & ref.
M. bonds (incl. below) to pay notes and loans made for improvements.
V. 96, p• 420.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $500,000
$500.000 In'11-12
First mtge $450.000 ($1,000) 1901
5 g A-0
426,001) Oct 1 1931
gold
c*_ntf Int. at New York Trust Co.. N.Y., Trustee.
First & ref mtge $2,000,000 1908 4%
925,000 Nov 1958
gold
tf Guar., p. & L. by N.Y. N. H. & Hartford.
N -1( & Stamford Ry notes
185,000
EARNINGS.
-For year ending June 30 1914. gross, $371,462; net, after
taxes. $86,947; other income, $458; int., rentals, &c., $93.229; deficit for
year. $5,824.
-Operates 37.510 miles of line(of which 24.367 milesareowned.
ROAD.
7.563 leased and 5.580 operated under trackage rights), serving cities of
Stamford, Conn., and New Rochelle, N. Y., and towns of Greenwich,
Conn.,and Rye,Port Chester, Harrison and Mamaroneck, N. Y. 79 pass.,
and 8 other cars and 3 snow-plows. V. 96, p. 420.

WESTCHESTER STREET RAILROAD.
ORGANIZATION.
-Incorporated in New York on Dec. 1 1909 as successor to the Tarrytown White Plains & Mamaroneck By. sold at foreclosure(V.89. p. 1282) in three sections, two of which form the road of this
company. V. 89. P. 1484. On June 24 1914 the N. Y. Up-State P. S.
Comm. authorized $700,_000 capital stock, which was issued June 30 1914
and acquired by the N. Y. N. II. & II. RR. in payment of advances made
for purchase of company. On July 1 1913 commenced operation of line of
Shore Line Electric BR. Co. under lease. 1.466 miles in village ofMamaroneck. Standard gauge; 70-1b. and 125-1b. rails.
EARNINGS.
-For year ending June 30 1914, gross, $252.186; net, after
-A trolley road.
(c) Providence & Danielson Railway Co.
taxes, $18,173; other income, 8205; int. & rentals, $13.494; surplus for
On June 30 1913 New England Nay. Co. owned $913,200 stock and the year. 54.884.
entire $600,000 1st 55. See New Haven report. V. 95. p. 963.
ROAD.
-Operates 31.397 miles of line (23.762 m.owned. 1.466 m.leased
-Is leased to Rhode Island Co. for 999 years from June 30 1911
Lease.
and 6.169 m. under trackage rights),serving city of Mt. Vernon and towns of
lessee to pay 1% on stock,interest,taxes and all charges. V.92,p. 1501.
Tarrytown,Elmsford. Greenburg, White Plains, Harrison. Scarsdale. EastInterest. Outstanding. Maturity. chester and Mamaroneck. N. Y.
STOCK AND BONDS- Date.
-V.90. p. 504; V. 93. p. 1536; V. 94. p.
Stock $1,000.000 MOO)
1121, 1765; V. 98. p. 1246.
5 g M-N $1,0 000 May 1 1931
6D.
W°
1st M $600.000 gold 41.000)1 1901
No s rand not callable_ ntf(Int. at Industrial Tr. Co., Providence, Trus.
NEW YORK WESTCHESTER
BOSTON RY.-An
ROAD -Operates from Providence, R. I., to Danielson, Conn., 26.09 On June 30 1914 the N. Y. N. H.& H. owned $4,923,900 electric road.
&
of stock and
-V.90, p. 447; V. 92, la• 726. 1501. $2,000,000 jet M.bds. and 55,842,423 notes,and has advanced $1,806,500
miles; 60-lb. T rails; standard gauge.
(d) Seaview Railroad.
On June 30 1913 New England Nay. Co. owned 7,000 shares of stock and
entire 5600,000 1st 5s.
Lease.
-On June 30 1911 was leased to Rhode Island Co.for Int. on bonds
and dividends on stock of 1% in 1912 and 1913; 2% in 1914, 1915 and
1916; 37 in 1917. 1918 and 1919; 4% in 1920, 1921 and 1922. and 5%
yearly thereafter. V. 92, P• 1501.
ORGANIZATION.
-Incorporated in Rhode Island on July 28 1887.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Dale.
$700,000
Stock
First mortgage $1.000,0001 1898 5 J-J
600,000 July 1 1948
gold ($1,000)
ntf!Equitable Trust Co., New York, Trustee.
ROAD.-Operates 19.1 miles of road between East Greenwich and Wakefield. It is stated an eaten. will be built to Westerly.
-V.92, p. 726, 1501.
(e) Narragansett Pier Railroad.
ORGANIZATION.
-Is leased to Rhode Island Co. for 99 years from
June 1911; lessee to pay int. on bonds and 4% on stock. Stock, $133,800.
First M.45, $70,000, due Aug. 11916: int. F.
-A. at Rhode Island Hospital
Trust Co., Providence, trustee. Extends from Narragansett Pier to
Kingston, 8Si miles. Is operated by steam.
BERKSHIRE STREET RAILWAY.
Proposed Sale of Stock.
-See N.Y. N.H.& It. RR.above.
-V.98,p.1000.
In June 19108 law was enacted in Mass. allowing N. Y. N. H. & H. to
purchase control of this road on certain conditions
-see
On June 30 1914 N. Y. N. H. & II. owned all the V. 90, p. 1612.
stock, the entire
($200,000) issue of debentures and the $3.297,500 notes.
In June 1913 the Mass. Legislature enacted, over the veto of Gov. Foss,
law permitting the consolidation of the trolley lines in Western Massaa
chusetts and their acquisition by the N. Y. N. H. & H.
On Dec. 12 1913 Chairman Elliott of the N. Y. N. H. & H. RR. submitted an estimate, as required by the Western Mass. Trolley Act, to the
Mass. P. S. Comm.,to the effect that it would cost $19,000.000 to purchase
the additional Berkshire Ry. stock needed to carry out the provisions of the
Act, incl. purchase of the Springfield & Worcester trolley. V. 97, p. 1898.
ORGANIZATION.-Incorp. in Mass. on June 20 1901. Franchise perpetual. In 1906 absorbed the Hoosac Valley St. By. through exchange of
stock. In May 1910 took over the Pittsfield Elec. St. By..issuing 8300,000
stock in exchange for stock of that company. V. 90, p. 1295.
In March 1912 Mass. RR. Commission approved the 99-year lease of the
Vermont Co. to the Berkshire Street By.
-In July 1914 the Mass. P. S. Commission, in reply
Fare Decision.
to petition of residents of Lanesborough for reduction of fares on lines in
that district from 10 to 5 cents, held that the financial condition of the
company did not warrant the reduction. The Commission, however,
recommended that the company sell tickets to be used between 5 a. m.
and 7 a. m.and 5 p. m.and 7 p. m.at the rate of 7 for 50 cents. V.99,p.196.

ORGANIZATION.-Incorp. on Mar.20 1872 and on Mar 23 1875 went
Into the hands of a receiver, where it continued until Jan 14 1904, when new
interests succeeded to control. See V.78,p. 343. The franchise to op_erate
in New York City was signed by Mayor McClellan on Aug. 2 1904. V. 79.
p. 628. In Dec. 1909 Public Service Comm.granted permission to consolidate with the New York & Port Chester RR. and to abandon such portions
of proposed routes of the two corporations as are not necessary to form one
continuous route on proposed line. V. 89, p. 1597. On Jan. 19 1910 the
New York & Port Chester RR. was consolidated with the New York Westchester & Boston By. V. 90, P. 237.
On Nov. 20 1908 the Board of Estimate granted application of company
to change its route in order to connect with the New Haven road and to
operate its line by overhead trolley. Lines from 180th St., New York.
to New Rochelle and from Mount Vernon to White Plains were put in
operation on May 29 and July 1 1912, respectively, and from Harlem River
to 180th St., New York, on Aug. 3 1912. V. 94, p. 1508, 1627; V. 95.
p. 48, 298. In 1913 P. S. Comm. granted an application to abandon the
unconstructed Throgg's Neck route from the main line at 180th St. to
Throgg's Neck. V. 97, p. 1824.
On July 26 1911 Pub. Serv. Comm. 2d Dist., auth. $20.100,000 1st M.
bonds (total auth. issue. $60.000,000i, of which $17.200.000 were issued
forthwith. V.93, p. 286. Since the last-mentioned date up to and including Oct. 1912 there was issued $2,000,000 additional bonds for construction of White Plains branch. V. 95, p. 1208. In April 1913 the
P. S. Commission granted permission to issue $6.014.000 additional
% bonds, proceeds to be used for construction of main line double
tional
track from New Roche le to Port Chester. for completion of White Plains
,
branch and for cancellation of loans from N. Y. N. H.& H. RR. V.96. p.
1089. Of these bonds $744,000 have been issued for construction of main
line and $1.356,000 for the White Plains branch.
In Dec. 1912 the N. Y. Westch. & Boston and the Westchester Northern
Jointly petitioned the P. S. Comm. to consolidate under the name of the
former. V. 95, P. 1746.
STOCK AND BONDS- Date.• Interest. Outstanding. Maturity.
Stock $5,000,000 4100)
54.945.250
First mtge $60,000,000 gold1 1911
21,200,000 July 1 1946
431 J-J
Series 1 (see text)
tf f Int. on $ bds. in N.Y.;on E bds. in London.
DueNYNH&HRRJune 301914
7,648,923
Bonds.
-Remaining bonds are reserved for construction. Par. c*,
$1,000, or £200 and £100: I**, $1,000 and multiples. Bonds of £200 or
multiples convertible into $ coupon bonds at $4 85 per E. with adjustment
of interest at current exchange rates. Any series or not less than $5,000,000 of one or more series, redeemable on any int. date at 110. Guaranty
Trust Co., N. Y., trustee. Bonds are unconditionally guar., p. & I., by
endorsement by N. Y. N. H. & Hartford RR. See V. 93. p. 346. Bonds
are listed on N. Y. Stock Exchange. V. 94. p. 768.
EARNINGS.
-For year end. June 30 1914: Gross. $400.680: net deficit
(after taxes). $159,206; other income, $30.157; interest,rents. &c., $1,270,616; deficit, $1,399,665.
ROAD.-Totat mileage operated, 21.44 miles. Line commences at
Harlem River Station of the N. Y. N.
& H. in N. Y. extending to
174th St. Junction, where the N. Y. W.& B. By. diverges from the New
'
Haven and on its own four tracks extending northerly to line of N. Y. City,
then through Mt. Vernon to Columbus Ave. Junc., at which point the line
diverges into two double-track lines, one extending through Mr. Vernon,
Pelham and New Rochelle to Larchmont June.. 2.16 miles: the other line
extends from Columbus Ave. Junc. to White Plains, passing through M .
Vernon, Eastchester, New Rocheale, Scarsdale and White Plains. See
also V. 93. p. 346; V. 79. p. 501; V. 97, p. 1824.
OFFICERS.-Pres.,Leverett S. Miller,N.Y.; Treas., Augustus S. may;
Sec., Arthur E. Clark.
-V.94, p. 699, 768, 1508. 1627; V. 95. p. 48. 298,
1040. 1208. 1746; V. 96. p. 420. 1022, 1089; V. 97, p. 1824; V.98, p. 1538.

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $5.398,100($100)__
55,398,100
First mortgage $800,000 gold( 1902 5 g J-D
800.000 June 1 1922
($1,000)
c*_ntf'Girard Trust Co.. Philadelphia, Trustee.
Berkshire Street Ry deb_ _tf- 1905 5 g M-S
200,000 Mar 1 1925
Hoosac Valley first mort- 1897 5 J-J
100,000 July 1 1917
gage
n tf Int. at New England Tr. Co., Boston, Trus.
Hoosac Valley ref mtge $400.- 1904
4 g M-S
300,000 Sept I 1924
000 gold ($1,000)
n tf Int. at Berkshire L.& Tr. Co.,Pittsf., Trus.
Pittsfield Elec St By 1st mtge 1904 4 g J-J
300.000 July 1 1923
g $300.000($1.000)_c - ntf Int. at Berkshire L.& Tr. Co.,Pittsf., Mass.
Notes payable June 30 1914_
3,297,500
Bonds.
-The Berkshire St. Ry. 1st M.are not subj. to call. Int. payable
NEW ENGLAND INVESTMENT & SECURITY CO.
and bonds may be registered at office of N. W. Harris & Co.. Boston.
Plan to Purchase Common Stock
.-A preferred 'shareholders committee has
The Berkshire St. By. dabs. are guar. by Consolidated By. Co.
been formed to acquired the 8100,000 common stock of the company
which




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82

Sanderson & Porter purchased in Aug. 1913 at $200 per share. Pref.
shareholders are off. i ed the right to participate in the plan by paying in
$10 a share. V. 99, p. 609, 675.
-Is a voluntary association and was organized on
ORGANIZATION.
the street railway properties in Massachusetts
June 25 1906 to take over Consolidated Railway Co. V. 83. P. 492.
controlled by the
formerly
the N. Y. N. H.
On July 1 1910 Mass. RR. Comm., having auth.N.E. Inv. & Sec. & H.
Co.'s
Ry.,the
to purchase control of the Berkshire Street co. V.90, p. 1612; V.91. p. 157.
was transferred to that
interest in the same
-The following is a list of stocks held by the
SECURITIES OWNED.
1100).
New England Investment & Security Co. (see V. 83. n•capital stock.
Milford Attleboro & Woonsocket St. Ry.-$315.000
-87.131 shares of stock out of a total
Rys. & Investment Co.
Worcester
of 95,329 shares.
-67.862 shares (entire issue) of common stock.
Springfield Railway Cos.
(Springfield Ry. Cos. owns 33,684 out of a total of 37,081 shares of Springfield Street Ry.)
Springfield Street Ry.-5332,600 capital stock.
Interest. Outstanding. Stock Div.
STOCK AND BONDS- Date.
5100.000
Common 510.000.000
510,000,000 ($100)
Pref 4%
4.000.000 July '14,2%
4 J-J
See text
2
13, 09.000
tf- 1909
Funding gold notes
-Dividends of 4% per annum on the pref. stock are cumulative
Stock.
and
and are guaranteed by the New York New Haven & Hartford RR.,
guar
also $105 per share in case of liquidation. V.83, p.492. See form of time
This stock may be called as an entirety at any
anty in V. 83. p. 1102.
Connectiat 105 and accumulated dividends. Supreme Court of Errors in
cut sustained validity of guaranty. V. 88. p. 1002. of the notes, also the
I.. $5.000.000
.
.-N Y. N. H.& H.guar.,P. &
Notes
payment of an additional 511.250.000 and int, of funding notes when requested to do so by John L. Billard, as per contract, V. 91, p. 946.
OFFICERS.-Pres.,J.T.Harmer,Massachusetts Mutual Bldg.. Spring:
field, Mass.; Vice-Pres., E. N. Sanderson, N. Y.; Sec., F. P. McIntyre,
Treas., Leverett Candee.-V. 94. p. 207, 1627: V. 97. n• 299. 595, 1898;
V. 98, p. 1393; V. 99, p. 609. 675.
-A holding company.
(1) Springfield Railway Companies.
-Formed in March 1905 to hold a maiority of the
ORGANIZATION.
stock of the Springfield Street Ry. Is managed by a board of trustees
consisting of seven members. V. 80. p. 1363.
Interest. Outstanding. Last Div.
STOCK AND BONDS- Date.
-All owned by New Eng. Inv. & Secur. Co.Common
4 J-J
53.387.900 Jan '14. 2%
----Pref 4% cum guar ($100)_-red. at 105 and accr. diva. These divs. are
-The pref. stock is
• Stock.
the N.Y.N.H.& H. RR. Co.,successor to Consol. Ry.,as well as
guar. by
their payment at 105 in case ofliquidation or call. See V.80,p. 1363. 1914.
(a) Springfield Street Ry.-A trolley road.
ORGANIZATION.-Incorp. March 16 1868. Mass. RR. Comm. In
March 1907 approved the issue of 5300.000 additional stock at 170. Purchase of Western Massachusetts St. Ry. and issue of $550.000 additional
V. 89,
stock for that purpose approved by Mass. RR. Comm Dec. 1909. to purp. 1484. On Nov. 26 1910 Mass. RR. Comm. granted permission
chase the Springfield & Eastern St. Ry. and issue 5900.000 new stock in exchange,share for share,for stock of the absorbed company. V. 91.p. 277,
1513. In Feb. 1912 Mass RR Comm. granted authority to issue remaining $200.000 1st M.4s. V. 94, p. 352: V. 93, p. 1789.
-On Oct. 29 1912 the Springfield and Worcester comWage Agreement.
panies made a 10% increase in the pay of conductors, motormen, &c..
taking effect June 1 1912, for a period of 3 years.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Text
Text
$3,708,100
Stock $3,708.100($1OO)_
1.700,000 April 1 1923
first mtge 51,700.000) 1903 4 g A-0
New
c*_ ntf Springfield Safe Dep. & Trust Co.. Trustee,
gold (31.000)
-A
1 1926
200.000
5g F
West Mass St By first mtge 1906 Spriofield S. D.& Tr. FebTrustee.
Co.,
51.000.000 gold ($1,000).tt Int. at
Jan 1 1920
Woronoco Street By first 1 1900 5 g -J Dep. & 75.000Co., Trustee.
Trust
mtge gold (S1.000)...ntffSpringfield Safe
330.000 Jan 1 1922
Springfield & Eastern 1st Mi 1902 5 g J-J S. D.& Tr. Co., Trustee.
$500,000 g (51.000) c*-ntf Int. at Springfield
1,425,661
Current liabilities June 30 191
interest
-Western Mass. St. By. bonds are subject to cab on any Eastern
Bonds.
of Springf. &
day at 108 and int. on 60 days notice. Remainder
50% of the cost of improvements and extenbonds unissued is reserved for
at 105.
sions. Are subject to call at 1074 after Jan. 1 1917
-In years 1893 to July 30 1910.inclusive,8% per annum:
DIVIDENDS.
in 1910-11, 7%; in 1911-12, 7%; in 1912-13. 7%•
track) of main track
-Owns 171.35 miles (incl. 31.82 miles of 2d
ROAD.
and 11.38 miles of sidings. Total, 182.73 miles.
-For years ending June 30EARNINGS.
1911-12.
1912-13.
1911-12.
1912-13.
567
Gross earns_ -52,091,690 51,890.406 Divs. paid--(7)5259,567(7)5259,
5,609
12,760
Balance
577,474
598.820
Net
78.813
84.176
312.298 Total surplusInt.,taxes,&c. 326.493
-v.89. p. 1484; V. 91,p. 277, 1513; V. 92, p. 957; V. 93. p. 1789; V. 94,
p. 352; V. 97. p. 952.
(2) Worcester Railways & Investment Co.
This is a voluntary association formed in 1901 and owns the entire capital
stock (except only enough shares to qualify directors) of the Worcester
Consolidated Street By. Co. and of certain other Massachusetts corporations which are engaged in enterprises closely identified with that of street
railway transportation.
The holdings comprise 51.111 shares of stock and 5500.000 1st & ref. mtg.
bonds of the Worcester Consolidated St. Ry., 28 shares of Worcester &
Shrewsbury RR., $84,600 demand notes of Marlboro & Westboro St. By.
and $25,000 demand notes of Worcester & Blackstone Valley St. By.
STOCK.
-Outstanding, 95.329 shares of beneficial interest, of which
87,134 shares have been acquired by the New England Investment &
Security Co. Deed of trust provides that all shares shall be non-assessable, that there shall be no personal liability of the shareholders, that
no pledge or mortgage of the securities held shall be made without the
consent of two-thirds of the shares, and that no additional shares shall be
issued without a two-thirds vote. Shares are said to be exempt from taxation in Massachusetts.
-Dividends ofS2 25 per share were paid in Feb. and Aug.
DIVIDENDS.
1902; in 1903. Feb..52 25: Aug..S2 25. In 1904. Feb.. $2 25; Aug.,52 25.
In 1905, Feb., $2 (see V. 80. p. 224); Aug., 52; Nov.. 51 (V. 81.9. 1243).
In 1906,54. In 1907. 54. In 1908.3%. In 1909.3)%. From 1910 to
1913 incl., 4%. In 1914, May, 2%.
-For cal. year 1913, gross, income, $338,056; expenses,
EARNINGS.
$1,749; diva.. 5381,316; deficit. 545,059.-V. 84. p. 627.
(a) Worcester Consolidated Street Ry.-Trolley.
This company, which was incorporated in 1869, has absorbed the following companies:
Worcester & Clinton Street Ry.,
Clinton & Hudson Street By.,
Fitchburg & Suburban Street By., Worcester & Holden Street Ry.,
Worcester & Marlboro Street By.,
Leominster & Clinton Street By..
Ry.,
Marlboro & Westboro Street By., Worcester & Southbridge Street
Worcester & Suburban Street By.
Wore. & Blackstone Vai. St. sty.,
years the North End St. Ry.,
Franchises perpetual. In 1895 leased for 99The North End has $110,000
of 5.13 miles, at a yearly rental of 58,000.
mtge. bonds, due Feb. 11915; int.
($100) capital stock and 575,000 5% 1st July 1 1896 both the Worcester &
F. & A. Also leases for 99 years from
Worcester & Shrewsbury BE.Co.
Shrewsbury St. By. Co. and the
stock has been acquired
51.111 shares of Worcester Consolidated St. Ry.
by the Worcester Rys. & by. Co.
5922.000 bonds to retire
In Aug. 1909 permission was granted to issue
debt. V. 86, 13• 1346:
floating debt and $2,260,000 bonds to retire funded issued.
been
V.89,p.412. Up to May 1 1914 51,422,000 had
-See Springfield Street Ry.
Wage Agreement.
issue of 5500,000 1st
In Jan. 1913 the Mass. BR. Comm. approved an
acquire the power house
& ref. 44s,the proceeds of $450,000 being used to for the purchase of the
of the Electric Mfg: Co. and $50,000
and property
company is auQuinsigamond Park property for a pleasure resort. The
till mathorized to establish a sinking fund by annual payment of $1,949
Pending issue of bonds, company has
turity of bonds. V. 96, p• 362.
Issued same amount of demand notes.




[VOL. xcix

ELECTRIC RAILWAYS

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock $5,112,000($100)
$5,112.000 Apr '14, 34
Wore
Wore Consol St 1st & ref mtg 1910 44 g F
-A 1,422,000 Aug 1 1930
$5,000,000 g ($1,000) c*tf Old Colony Trust Co., Boston, Trustee.
Worcester Consolidated deb 1907 5 M-N
1.200,000 Nov 1 1927
$1,364.090 (51,000)---ntf Old Colony Trust Co., Boston. Trustee.
Wore Con deb g 5840,000 nt 1900 44 g M-S
700,000 Mar 1 1920
Worcester & Marlboro first 1897 5 g A.-0
200,000 Oct 1 1917
mortgage $200.000 g.. _ ntf American Trust Co.,Boston,Trustee.
Worcester & Clinton first I 1899 5 g J-J
115.000 Jan 1 1919
mortgage gold (51,000) ntf American Trust Co., Boston, Trustee.
-A
200.000 Aug 1 1926
Wore & Blackstone Val lstMl 1906 44 g F
$200,000 g ($1,000)_cntf Interest at office of company.
-A
80,000 Feb 2 1923
Uxbridge & Blackst firsti 1903 5 F
M 580.000($1.000)-cntf Int. at Old Colony Tr. Co., Boston, Trustee.
40.000 Oct 1 1927
Uxbridge & Blackst debeni 1907 5 A-0
tf Int. at office of company.
(51,000)
5 g J-J
160,000 July 1 1921
Marlb & Westb 1st M 5160.-i 1901
000 g($1,000)red 105 c*ntf(Int. at Amer. Trust Co.. Boston, Trustee.
150.000 Oct 1 1923
Wore & Hold 1st mtge $150.-} 1903 5 A-0
000 g ($1.000) red at 105 Int. at Worcester Tr. Co., Worcester, Trust.
(V. 89. p. 995)
cntf
500,000 Sept 1 1922
Wor & South 1st mtge (see) 1902 44 g M-S
text) gold ($1.000)_ _c*ntflInt. at Internat. Trust Co., Bost., Trustee.
200,000 June 1 1925
43•5 g J-D
Worcester Sy South mtge Wei 1905
text)
ntf
Leased to Worcester Consoli ted50,000
Webster & Dudley fStock_
30,000 Nov 1 1919
1Mortgage 1899 5 M-N
Leased to Webster & Dudley, oper. by Wore. Consol.150,000
WorciStock
-D
150,000 Dec 1 1919
& 1st M 11150,000 (511 1899 5 g J
os
Web
000) gold
csntf Int. at International Tr. Co.. Bt.,trustee.
Current liabilities June 30 191 (incl. all sub. cos.)_ 2,693,034
Bonds.-Worc. Consol, By. 1st & Ref. bonds are sub, to call on any int.
day at 110 and int. Int. is payable at company's office or at its agency in
Boston. The two issues of bonds of the Worcester & Southbridge St. Ry.
are secured by the same mtge..the mtge. providing that bonds can be issued
up to $1,000.000, and are to bear date of issue and be payable 20 years after
date. Wore. & Web. bonds cannot be called before maturity. $3,000 is
payable annually into a sinking fund.
ROAD.
-Operates about 281.81 miles of track,comprising practically the
entire street railway mileage of Worcester, together with lines radiating
from Worcester to Leominster. Fitchburg, Clinton. Berlin, Northboro,
Marlboro, Millbury, Northbridge. Uxbridge, Miliville, Spencer, Webster.
Dudley and Southbridge.
-For year ending June 30 1913. gross. 52,677.046; net.
EARNINGS.
$869.838; charges, $587.840; divs.. $281.160; surplus, $838.
(3) Milford Attleboro & Woonsocket Street Ry.
-Incorporated in Massachusetts on April 14 1898.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
All owned by New England Inv.& Seem'. Co.
Stock $315,000
$300,000 Oct 1 1919
First M 5300.000 g (51.000 1899 5 A-0
ntf Int. at Old Colony Trust Co., Boston,Trust.
not subject to call
-For year ending June 30 1913. gross, $116,622; net. $42.EARNINGS.
226; int. & taxes, $19,274: divs.. $18,900; surplus, $4,052.
-Operates 29.47 miles of track. 28 pass. and 6 other cars.
ROAD.

NEW ORLEANS, LA.

NEW ORLEANS RAILWAY & LIGHT CO.-Rallway and lighting
system.
In July 1911 American Cities Company (see below) acquiredcontrol
per plan under caption of Amer. Cities Ry. & Lt. in V. 92,9. 1373, 1434.
-Incorporated in Louisiana on June 12 1905 as an
ORGANIZATION.
organization of the New Orleans Rys. Co. per plan in V. 80. p. 651. Old
common stockholders paid an assessment of $10 per share and received $10
new preferred and $35 new common; old preferred paid $20 assessment
and received $20 in new preferred and $100 in new common. Comprises
all the street railway and lighting interests (with the exception of one small
electric company) of New Orleans. Stock and bonds were listed on N. Y.
Stock Exchange in June 1906 and June 1909. V.820a. 1497; V.88,o. 1621.
On July 31 1914 owned the following stocks. We show also the total
amounts outstanding of each issue:
Owned by
Amount
N.O.Ry.&
Issued.
Lt. Co.
STOCKS$2.500.000 $2,473,400
N..C. Citr RR.Co., preferred
4,862,300
5,000,000
common
'
4,588,000
4.600,000
N...0. & Carrollon E.Lt..& P. Co., preferred
2.500,000
common_ _ _ 2,500.000
053.300
952.300
St. Charles Street RR. Co
234,700
234,700
Orleans RR. Co
349.800
349,800
N.0.& Pontchartrain RR.Co
5.210.000
5,250.000
N.O. Gas Light Co
10.000
10,000
N.0. Lighting Co
521.397,800 521,180,500
Total
The New Orleans City RR.is leased until Dec.31 1955 to the New Orleans
5% on the pref. stock and 4% until Jan. 1 1908 and 1%
By.& Lt. Co.for
semi-annually thereafter on the common stock.
City proposed to build a municipal lighting plant, but bids were rejected
In Nov. 1903; contracts for 10 years from Oct. 1 1905 later awarded to the
New Orleans & Carrollton RR. Light & Power Co., one of the constituent
companies of the New Orleans Railway & Light Co.
-The N.O.City RR.Co. franchises expire from 1943 to
FRANCHISES.
1962. except two expiring in 1915 and 1917; the N. 0. & Carrollton franchises expire in 1933; the St. Charles St. RR. franchises expire in 1956 and
the Orleans RR. Co. franchises expire in 1951. Gas franchise is perpetual
and is exclusive until 1925. Electric light franchise is perpetual.
-In July 1914 it was announced that the
Proposed Acquisition of Road.
company had been negotiating with the Louisville & Nashville RR.for the
lease of the Pontchartrain RR., extending from Pontchartrain June. to
Milneburg, La., 4.96 miles. The road (now operated by steam) will be
converted into an electric road. (V. 99, p. 343.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$20,000,000 Joe '14.34%
Common $20,000,000($100)Prof 5% 510,000,000 ($100)1
10,000,000 Sept'14, 1 4
5 Q-J
non-cumulative
NO By & Light Co gen mort4 1905 4 g .1-.7 17.514,000 July 1 1935
gage 530.000.000 gold ($1,- Interest at Now York Trust Co., Trustee. or
at office of company,
cstf
000) •
3,581,000 Nov 1 1949
5 g M-N
NO By & Lt Co ref and gen 1909
mtge $50,000.000 ($1.000) Hibernia Bk. & Tr. Co.. New On., Trustee.
esti! Int. at office of company in New Orleans or
gold
at New York Trust Co.. New York.
3,250.000 June 1 1916
Debentures $4,000,000 gold 1913 6 g J-D
($500 &51.000) guaranteed Int. in N. Y. or at Hibernia Bank & Trust
&fit" Co., New Orleans, Trustee,
prin & int
3.200,000 July 1 1943
4-5 g J-J
No City gen mtg 53,250,000 1898
c*tf Int. payable at office of company.
gold (51.000)
Fidelity Trust Co., Louisville, Trustee.
2.564.500 Jan 1 1943
New Orleans City & Lake 1st 1893 5 g J-J
mtge for 55,000.000 gold Subject to call for sinking fund at 110.
($500 and $1.000)_ _elf Columbia Trust Co., Louisville, Trustee.
Interest paayble at office of company.
30,000 July 1 1917
N 0 Traction 1st mtge gold 1897 6 g J-J
sinking fund (31,000)-estf Interest at company's office. 'fidelity
Trust Co., Louisville, Trustee.
200,000 July 1 1943
5 g J-J •
N 0 Power-house mortgage 1901
gold 5200.000 (51.000)_ctf Fidelity Trust Co., Louisville, Trustee.
Interest at office of company.
-A
2,000,000 Feb 1 1933
NO & Car con M $2,000,000 1899 5 F
office
company.
n tf
Canal & clan RR cons M g 1896 6 g M-N
)
49.00 May 1 1946
5800.000 ($500 & $1,000)__ Interest at office of company.
5 J-J
2.309.000 Jan 2 1929
Edison Elec of N 0 1st M 1899
($1,000) s f $2,500,000 c*tf Int. at American Trust Co.,Boston,Trustee.
5g
300,000 July 1 1929
Merchants' Elec Co 1st mtge 1899
$500.000 gold ($500) c*tf Int. at Merch. L. & Tr. Co., Chicago, Trus.
375,000 Jan 1 1952
St Charles St 1st M 5600,000 1902 4 g J-J
cntf Interest at office of company.
(51,000) gold

-11

SEPT., 1914.]

ELECTRIC RAILWAYS

Bonds.
-On the New Orleans & Carrollton consolidated bonds 830.000
per annum is payable to a sinking fund. A sinking fund of $30,000 Per
annum is providel for the redemption of the N.O. City & Lake RR. bonds.
The Merchants' Elec. Co. bonds are sub. to call at 102 and int. at any time.
The St. Charles Street RR. bonds are not subject to call, but a proportionate amount will be retired yearly by purchase in open market. The
N. 0. Traction Co. bonds have a sinking fund of $7,500 per annum for
redemption of bonds at 105. Edison Elec. Co. of N. 0. bonds have sinking fund or 1% per annum of bonds out.
Of the $30,000,000 general mortgage of the New Orleans Railway
& Light Company $727,000 are in treasury and $11,729,000 are reserved for prior liens.
They are subject to call on any interest date
upon 4 weeks' notice at 105 and interest.
See V. 82, p. 1497. See
description of bonds and property in V. 88. p. 1621. $30,000,000 of
the ref. & gen. mtge. are reserved to retire a like amount of undellying
bonds; remaining bonds may only be issued for betterments and improvements at 75% of cost and for acquisitions of additional, securities of subsidiary companies under certain restrictions. Bonds are redeemable on
any interest date after May 1 1919 at 105 and int. on 6 week's notice. See
V. 89. p. 411: V. 92. p. 1033. Of the $3,581.000 outstanding, $2,500,000
are printed in French and are pay., p. & L. in France. The remaining
$1.500,000 6% debentures are for extensions and impts., guar. p. & i. by
Amer. Cities Co. Redeemable at 101 and int. See V. 96. p. 1489.
Dividends.
-First quer. div. on pref. stock-131%-paid in Jan. 1906
and same amount quar. thereafter to and incl. July 1907; Oct. 1907, H
July. 114%; Oct.,14
none to Jan. 1911,when 2% was paid; Apr.,
1913
Mar., 15(%;
Dec. 28, 1.5(%. In 1912, Mar. i%:July, 1 %; Oct., 134%;
In 1914. Jan.. 151%
Sept., 1 jf
Jan., 1ji%; Apr.. 1Sf%;June,
June, 134%. On corn. filet div.-1%-paid July 1912; in
April, 1
,
1913, Jan., ji %;June, 1%;in 1914, Jan., %%;April. 36%;June, yi %.
-Companies controlled operate 55.60 miles of single track. 68.27
ROAD.
13.42 miles of sidings. &c.: total track, 205.56
miles of double track and
miles. Has 641 cars. Rails 58 to 107-1b. T and girder. Gauges, 4 ft.
854 in. and 5 ft. 234 in. Owns 4 power stations and 8 sub-stations.
-For calendar years (1913 report in V. 98, 1). 1310):
REPORT.
Interest, Pf.Div. Com.Div. Bal.,
Net (after Other
Gross
Cal.
&c.
Year. Earnings. Tax.,&c.). Inc.
(5%)• (13i%). Surp.
191346,894.432 82.562.854 $46.552 $1,693,989 $499,750 $299.940 $73,069
1912- 6,628,147 2.641.800 41.574 1.688.341 499,750 299.940 195,343
Revenue passengers carried in 1913.87,038.951; transfer. 22,373.512.
Gross earnings in 1913 ($6,894,432) include $4.401.152 from railway,
$1,335,186 from electric dept. and $1,158,095 from gas.
OFFICERS.
-Chairman Board of Directors, Hugh McCloskey; Pres.,
J. S. Pevear: V.-Pres., John J. Gannon: Sec.. Joseph H. DeGrange; Treas.,
-V.91. p. 1161. 1328, 1768: V. 92,
H.A. Ferrandou; Aud., C. B. Murphy.
p. 119,795. 1033. 1103, 1375, 1500; V.93, p. 346. 1260. 1788: V.94,p.417,
768. 1057, 1116, 1566: V. 95, p. 298. 1684: V. 96. p. 203, 360, 1022, 1292,
'523, 1310. 1393:
1365. 1489, 1773: V.97,9. 299, 1287, 1733: V.98, p. 155,
V. 99, p. 343.

83

the Now York Rys.Co. See V.94,9. 208. The 1st real estate & ref. bonds
and adj. mtge. bonds were, however,disposed of by the Interborough-Metropolitan in order to help provide the cash for the assessment called for under
plan.
ORGANIZATION.
-Incorporated on Dec. 29 1911, and at midnight on
Dec. 31 1911 took over the lines of the old Metropolitan Street By. sold at
foreclosure (V. 93. p. 1787) on Dec. 29 1911. per plan in V. 93. p.1533
(formally approved by Public Service Commission on Jan. 24 1912).
See V. 94. p. 977. The sale did not include the leases of the Central
Park North & East River RR., 28th & 29th Sts., the Second Ave. RR. and
Fulton St. RR. The latter road was abandoned in 1908 (V. 90. p. 1675).
Metropolitan Crosstown Ry.-The holders of the 8600,000 1st
bonds of the Metropolitan Crosstown Ry. Co. having declined toM. 5%
the reorganization plan, a purchase was effected of $595,000 thereof accept
at pa
and int. from Feb. 5 1912 (see V. 93, p. 1787: V. 94. p. 207.
1627)•
Stocks and Bonds Acquired Under Foreclosure Sale.
Met. Crosst. 5s,due 1901_ $300,000 42d St. G. St. F.stock__
Dwy.Surf.2d M.5s. due 'Og 1.000.000 23d St. By. lstM.6s,due'09 $400.000
200.000
Real estate mortgages_ _ __
350,000 do deben. 5s, due
150,000
B'y&7thAv.lstM.5s.due'04 1.500.000 34th St. Crosstown 1906...... 990.000
stock__
do stock
1,400,000 Ft. Geo. & Ilth Av. stock_3,000,000
42d St. & G. St. 1st 6s. 09_ a200,000 145th St. By.stock
2,000
a These bonds have been calceled.
Distribution of Cash by Mortgage Trustees.
-See V.93, p. 1600.
Cost of Reproduction.
-The cost to reproduce the property, according to
the appraisal of Ford, Bacon & Davis of N. Y., and real
estate experts.
$105.123.000, exclusive of (a) certain reorgan. assets value estimated is
at
$5,000,000; (b) net invest. In superseded property, representing an
outlay of $13,355,645. and (c) any "going concern" value, special actual
value of
existing franchises or other items of substantial importance in
the production of the system. The total outstanding securities as provided
in the plan
will be $97.655.500.
Franchises.
-Most of the franchises are perpetual.
Franchise Tax Decisions.
-For decisions of Supreme Court Justices
McCall and Davis. reducing the assessed valuation of the special
franchises
in 1910 and 191,1, see V. 95, p. 1473.
Transfers.
-In Oct. 1912 the P. S. Comm. issued an order
(operative
Dec. 1) providing for transfers on a single 5-cent fare between the
West side lines of the company and the Second and Third Ave. East and
panies, by way of the 59th St. line of theCentral Park N.& E.By. com(now the Belt Line By. Corp., and is a part of the Third Ave. RIv.RR.
system).
where the passenger travels in the same genera, direction from which
he
started. Order was voluntarily put into effect Nov. 1. V. 95. p.
Staten Island Transfers.
-The arrangement made between the 1207.
and the city for free transfers at the Battery to and from the company
and the cars of the New York Railways running to the Battery ferryboats
p• 49) was passed in July 1914 by the Board of Estimate. No (see V. 99,
permitted and of each nickel the city will get 2 cents and the re-transfers
company 3
cents. The plan took effect Sept. 15 1914.
On April 26 1913 asked P. S. Comm. for auth. to substitute
storagebattery for horse cars on the Desbrosses St. line. On Mar. 23 1914
storage
-A holding company.
AMERICAN CITIES COMPANY.
battery cars were introduced on the Chambers St. and Duane St. lines.
ORGANIZATION.
-Incorporated in New Jersey on June 21 1911 to May 15 1913 Gov. Sulzer vetored a bill passed by the State Assembly On
on
Apr. 24 1913 providing that after Jan. 1 1914 no railroad company in N. Y.
take over the entire stock holdings of the American Cities R.& Light Co.
.
and at least two-thirds of the common and preferred stocks of the New Or- City shall operate cars with horses. V. 96, p 1424. There is only one
Light Co., per plan in V.92. p• 1373, 1434. Controls the com- horse-car line in the city, the Avenue C line. V. 98.9. 1072.
leans By.&
Storage-battery cars were placed in operation on the Spring St. and Depanies named below.
-The United Gas & Elec. Corp. in lancey St. line between Grand St. Ferry on the East River and the DesPurchase by United Gas & Electric Co.
1913 purchased a majority of the com, stock of the American Cities Co. brosses St. Ferry on the North River, replacing the present horse-car serFor terms, see statement of United Gas & Elec. Corp. under "New York" vice. V. 97. p. 50.
In Sept. 1914 application was made to the P. S. Commission to abandon
and V. 97, p• 597, 952. 1202.
In July 1911, Bertron, Griscom de Jenks of New York offered at par and the Roosevelt Ferry branch of the Chambers St. line.
Suit Under Adjustment Mtge.
-In May 1914 the N. Y. Life Ins. Co., as
accrued div. the pref. stock of Amer. Cities Co., with 50% corn. stock as
owner of 51,000.000 of the adjustment income bonds, requested the Farmbonus. V. 93, p. 228.
In Nov. 1912 Bertron, Griscom & Co. received an offer from an English ers' Loan & Trust Co. to bring suit to compel payment of the full 5% insyndicate for a large block of common stock.40% of which to be purchased terest on the bonds since Jan. 11912. V. 98. p. 1538. On July 27 1914
and paid for by Dec. 1 1912 at $47 50 a share in cash, and the remainder to the New York Life Insurance Co. itself brought suit in the Supreme Court
be optioned for 6,9 and 12 mos.. respectively, at $65 per share flat. Same of New York City to recover interest (V. 99, p. 343), as the trustee did not
comply.
terms were offered to all common shareholders. V.95, p. 1471.
Suit to Forfeit Franchises.
-Attorney-Gen. Carmody in Dec. 1911 began
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. several suits to forfeit franchises
and remove tracks of the old Metropolitan
Common $25,000,000($1OO)
$16,264,700
St. Ry.on a number of streets on the ground that tracks have not been kept
J-J
20.553,500 July'14. 3% in repair and are a menace to public
Prof $35,000,000 ($100) 6%t_____
safety. V. 93,13. 1600.
Red. at 110 and accumulated dividends.
cum from July 1 1911
the company entered into a stipulation by which it agreed In Jan. 1914
to abandon
5-6 g J-J 10.000.000 July 1 1919 unused franchises formerly owned
Coll tr mtge $11,000,000 gold 1911
by the Metropolitan St. By. The comc* Int. in New York or New Orleans.
($100 and $1,000)
remove the
-Preferred stock listed on New York, New Orleans and Phila- pany also agrees to Connection. tracks and re-pave the streets. V.98. p.237.
Stock.
Brooklyn Bridge
-Cars of the old Metropolitan lines began
delphia Stock Exchanges.
to run across the Williamsburgh Bridge in Jan. 1905.
Bonds.
-Remaining $1,000,000 of coll. tr. bonds is reserved for acquisiApplication to Issue Additional Bonds.
-In June 1912
tion of additional property. Int. rate 5% for 1st 6 years and 6% Per ann. Serv. Comm. for permission to issue 3754.000 1st real applied to the Public
estate and ref. 48 to
for 7th and 8th years. Bonds are red, at par and int. on any int. date. refund Metropolitan Crosstown 54. V. 94. p.
1627.
82.500,000 must be retired by lot at par and int. by July 1 1916. Stocks of
On Nov. 1 1912 the P. S. Comm.authorized the issuance of
the controlled companies are deposited as collateral for the bonds. V. 93, estate and ref. bonds (permission to issue $1.050.000 having $640.800 real
been asked) to
p. 285.
purchase new stepless cars. V. 95,
None of
Dividends.-Semi-ann. div. of 3% paid from Jan. 1912 to and incl. July cluded in the amount in the table. p. 1207.Greenbaumthese bonds is inJustice
in the N. Y. Su1914.
preme Court in June 1914 granted a writ of certiorari
-The following shows the companies controlled, of the P. S. Comm. authorizing only $640,800 bonds. to review the order
Companies Controlled.
V. 98. p. 1994.
with the amount of stock outstanding in each case and the proportion conThe P. S. Commission has re-heard the application of the company to
trolled by the American Cities Company.
issue 82,600,000 bonds for new equipment. V.97, p. 1824.
-Preferred Stock-Common Stock
In June 1914 application was made to the P. S. Comm. for permission
Total Issued. Owned. Outstanding. Own'd. to rnirchase $420,400 of the 5600.000 capital stock of the 23d Street By. at
New Orleans(La.) By.& Lt. Co410,000,000 88%
$20,000,000 97% $350 per share, on which it has an option, and to issue 31,472,000 first real
Birm.
(Ala. Ry. Lt.& P. Co___ 3.500.000 79%
) ,
estate & ref. 4s to pay for same; also to purchase any additional shares at
3,900,000 89
Memphis(Tenn.) St. Ry.Co_ ___ 2,500,000 88%
the same price. V. 98. p. 1767.
2.500.000 86
Little Rock (Ark.) Ry.&Elec.Co750.000 80%
1,500.000 817
STOCK AND BONDS- Date.
Interest, Outstanding. Maturity.
Knoxville (Tenn.) By. & Lt. Co_
2,050,000 100
Stock $17.500,000
817,495,060
Houston (Tex.)Ltg.&P. Co-1905
1,500,000 100% 1st real est & ref($1OO)mtge gold 1 1912 4 .1-3
16.295,948 Jan 1 1942
c*&r•tf Guaranty Trust Co., New York. Trustee.
(see text)
Total
316,750,000
831,450,000
Detailed statements for all the above companies will be found under the re- Adjust inc M 333.000.000 g 1912 5 A-0
30.626.977 Jan 1 1942
non-cum (see text)c*.kr•tt Farmers' Loan & Trust Co.. N. Y., Trustee.
spective cities in this publication except the Houston Lighting & Power
Co..
First real estate & ref. and adjustment income coupon bonds are in denom.
whose return is given below.
of 81.000: registered bonds are for $1.000, $5,000 or $10,000. Int. on both
Earnings of American Cities Co. System-12 Mos. end. Dec. 31 1913. issues payable at office of company or its agency in New York City.
Lexington Ave & Pavonia1 1893
5 g M-S
5,000,000 Sept 1 1993
OPERATING COMPANIES.
Ferry first
Calendar
Gross
Expenses
Net
Interest,
Balance, Columbus & mtge gold_c*Zzr Interest at Nat. Bank of Commerce in N.Y.
Ninth Avenue 1893
YearEarnings.
5_g M-S
3.000.000 Sept 1 1993
& Taxes.
Earnings,
Disc.,&c.
Surplus.
first mortgage gold_ _ _ _c&r Guaranty Trust Co., N. Y. City. Trustee.
1913
814.680,302 89.117,986 85,562.316 $3.347.799 82.214,517
So lry 1st gu $350.000 ($1,000)
1912
13,878.961
350,000 April 1 1919
8.179,079
5,699.882
3,168,333
2,531,549 Broadway Surf RR first mtge_ 1889 5 A-0
Of American Cities Co. (holding company) for calendar year 1913.
____
5 J-J
1,500.000 July 1 1924
$1,850,310: net, after taxes. $1,792.686: bond int., $500,000: pref.gross Mortgage on car stable prop-f 1899
950.000
div.
ertios to Mutual Life
$1.233.210: surplus. $59,476.
lDue Sep. 1'12, ext to Sep. 15'14 & Sep.15'15
(6%).
Bills payable June 30 1913_
Y1.252,454
OFFICERS.-Pres., Hugh McCloskey: V.
-P's, Geo. Bullock and J. S.
Company separately operated
Pevear; Sec. & Treas., Howard S. McNair: Asst. Treas. & Asst. Sec.. Ira
Lockwood.
-V.94,o. 558.696.826. 1625, 1694.1760. 1761: V.95.p. 1471. 34th St. Crosstown first mtge- 1896
5 A-0
1.000.000 April 1 1996
Lessor Companies
1540: V.96. p.486. 715. 1014. 1487: V.97,p. 952, 1202, 1424: V.98. p. 837:
Broadway St 7th Ave con mtge 1893 5 g J-D
V. 99, p. 266.
z8,150,000 Dec 1 1943
Bleecker St &
(a) Houston Lighting .Sc Power Co.(1905).-Controllod by the Ameri- Christopher Ful Fy first mtge 1876 4 J-J
700.000 Jan 1 1950
& 10th Sts 1st M_ 1898 4 A-0
can Cities Co.
210,000 Oct 1 1918
*Eighth Ave certs of indebt_ __ 1914 6 F
-A
750.000 Feb 1 1919
ORGANIZATION.-Incorp. in Texas Jan. 8 1906 and took over the Central Crosstown first
mtge_ 1882
250,000 Nov 1 1922
business of the (old) Houston Lighting & Power Co. Owns and operates Twenty-third St RR mtge_ __- 1907 6 M-N
5%
1.500.000 Apr 30 1957
the entire municipal and commercial electric-lighting and power facilities
• Interest on the $750.000 certificates of indebtedness of the Eighth Ave.
in Houston. All owned by American Cities Co.
RR. is paid out of the $215.000 rental which the New York Rys. pays
the
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Eighth Ave. RR. x There are also outstanding $1,500,000
Bway. &
Common $2,000,000($100)
Ave. RR. 1st M.54 which fell due in 1904 and are all held by New York 7th
51,500,000
Rys.
5 g A-0
First mortgage 35,000,000j 1911
1.500,000 Apr 1 1931 y Of this amount $602,454 were issued to purchase Met. Crosst'n By.
c*{Whitney Cent•TrAS.Bk.,New On, Trustee. and the remaining
54
($1,000) gold
$650,000 for renewal of note made by "Joint Committee."
-Redeemable at 105 and int. at any int. period on 30 days' notice:
Bonds.
First real estate and refunding mtge. is not
callable by lot. Sink. fund 1% of aggregate amount of face value of bonds issue, but further bonds may be issued to limited as to amount of auth.
refund or acquire underlying
out to be paid to trustee beginning July 1 1915.
bonds, subsidiary bonds and other bonds, any obligations secured
upon
EARNINGS.
-For year ending June 30 1913. gross. $715,101: net, mortgaged or leased properties: to acquire securities of other companies to
be pledged under mtge. and for add'ns. exten's and impts. See purposes
$368,383: int., $65,000; surplus, $303.383.
for further issue in full in V. 94, p. 977. Bond sere redeemable on
Jan. 1
1916 or any int, date thereafter on 12 weeks' notice, at 105 and int.
V. 94, p. 977. Bonds are listed on N. Y. Stock Exch, V. 94.p. 827 See
Div. on Income Bonds.
-Initial div. of $7 71(0.771%) paid Oct. 1 .977.
NEW YORK CITY, N. Y.
1912
(V. 95, p. 544). In 1913, April,
MANHATTAN RAILWAY.
-See "Railway and Industrial" Supplement. In 1914. Aprll, $23 45 (2.34%). 822 50 (234%): Oct., $1636 (1.63%)
The co. prepared a
that 1.24% was available for the Oct. income int., but statement showing.
up to time of going
NEW YORK RAILWAYS CO.
-Underground, trolley and horse.
to press the interest had not been declared.
The Interborough-Metropolitan, by virtue of its participation in the reorLexington Ave.
ganization plan of the old Met. St. By., acquired $15,256,743 stock, $4,- , fully described & Pavonia Ferry 5s and Columbus & Ninth Ave. ts were
in V. 69,
358,364 1st real est. & ref. mtge. bonds and $2,616,006'sal. mtge. 5s of the Metropolitan Street D. 1146. Both were guar. and later assumed b"'
By. Co.(now New York Railways).




SA

ELECTRIC RAILWAYS

-On Dec. 10 1912 P. S. Commission modified its
Amortization Fund.
order of Feb. 27 1912 (see V. 94. p. 698) by striking out the provisions
requiring the setting aside each year of a specified amount as an amortizato
tion fund, as it found it did not have power themake such requirement. It
setting aside
month,
re-affirmed, however, its order requiring depreciation of aeach at least
sum
beginning Jan. 1 1912, for maintenance and
20% of gross operating revenue for such month. V. 95, p• 1608;
equal to
V. 94, p. 698. On April 17 1913 Supreme Court Justice Platzek granted
p. 1157.
a writ of certiorari to review the order. V. 96.on any
Jan. 1 or July 1 in
Adjustment Income Mortgages are redeemable
whole but not in part at par and int. Holders of adjust. mtge. bonds
shall have the power, by vote of a majority thereof, to elect one less than a
majority of the members of the board of dhectors until the full 5% per ann.
shall have been paid to holders annually for 3 successive years, and again
thereafter, during a like period, whenever a failure to pay such annual int.
shall occur. During such periods, also, the holders of said bonds shall have
full power in respect of all other questions, upon which stockholders may
vote, to cast one vote for each $100 of the principal of the bonds held by him.
See V. 94, p. 977. Bonds are listed on N. Y. Stock Exchange. V. 94, 13•
827, 977.
-For fiscal year ending June 30 1913: gross, 214,065.159;
REPORT.
net, after taxes, $4,749.011; other income, $410,030; total income, 25,159,040: bond int. &c., $2,695.555: int. on 1st real est. & ref. 48. 2651,838:
*
int, on adj. Inc. bonds,$1,190,164; bal., surplus, $621.483.
-Owns 46.057 miles of track, of which 29.596 miles are underROAD.
ground electric and 16.461 miles horse; leases 100.684 miles (92.099 underground elec. and 8.585 horse); oper. under agreement 12.273 miles (11.985
underground elec. and 0.288 horse); total track, 159.014 (133.680 elec. and
25.334 horse). Owns and controls 2.244 Pass. (1,950 elec. and 294 horse)
and 179 service (143 elec. and 36 horse), 11 storage-battery yoass. cars;
total all cars. 2.434. Main power station equipped with eleven 3.500 k. w.
generating units and 5 sub-stations and distributing systems, incl.. 1,615
miles of single-power transmission ducts.
OFFICERS.-Pres., Theodore P. Shouts; Asst. to Pres., W. Leon Pep-P., D. W. Ross; Sec., H.
-P. & Gen. Mgr. Frank Hedley; V.
Darman; V.
M. Fisher; Treas.. J. H. Cainpbell; Counsel, Richard Reid Rogers; Gen.
Attorney, J. L. Quackenbush; Aud., E. F. J. Gaynor. Gen. offices, 165
Broadway. N. Y.
-V.95, p. 361, 544. 619. 676, 1207, 1473. 1608; V. 96. p. 360.
INDEX.
653. 716. 790, 1157. 1298. 1424. 1557; V. 97. p. 50, 596. 725. 1116, 1664;
V. 98. p. 237, 690, 1072, 1538, 1767. 1845, 1994; V. 99. p. 49, 343, 675.
Companies Controlled by New York Railways.
-Horse and electric.
(1) Bieecker Street & Fulton Ferry RR.
-Chartered Dec. 12 1864. Leased to 23d Street
ORGANIZATION.
Railway Co. Jan. 10 1876 for 99 years: lease assigned to Metropolitan Street
Ry. (now New York Rys.). Rental is interest on $700,000 bonds and
1% per annum on stock.
Outstanding. Maturity.
STOCK AND BONDS- Par. Interest.
1 % J-J
See text.
2900,000
$100
Stock
700.000 Jan 1 1950
1st M gold, were formerly 7s.l 1.000 4 g J-J
extended in 1900 as 4s_ _ _ _1Guaranty Trust Co.. New York. Trustee.
-V.90. p. 913,
-Owns 8.79 miles of track. Electric on 14th St.
ROAD.
-Change to underground electric
(2) Broadway & Seventh Avenue.
occurred in Aug. 1901.
-Chartered May 26 1864. Leased May 13 1890 for
ORGANIZATION.
unexpired term of charter,and for any extensions of the same,to Houston
West St.& Pavonia Ferry, now New York Railways. Franchises perpetual.
-Interest on bonds and 10% on 22,100,000 stock, of which
RENTAL.
New York Railways owns 21.400.000.
Maturity.
Outstanding.
STOCK AND BONDS- Par. Interest.
$100 10 Q-J
See text.
22,100,000
Stock 22,100,000($100)
__
1.500.000
1904
5%
1st M (all held by N Y Rys)
5 J-J
1.000
1,500,000 July 1 1924
Broadway Surface first guar
Bway Surface 2d M (all held by
__
5%
New York Railways) __
1.000,000
1905
1,000
5 A-0
350,000 Apr 1 1919
South Ferry first guaranteed
8,150,000 Dec 1 1943
Bway & 7th Ave cons mtgef 1,000 5 g J-D
of 1893for $12,500.000_ _1Int. at Guaranty Trust Co., N.Y.. Trustee.
Of the consolidated mortgage of 1893 for 212.500,000, $4,350,000 was reserved to retire at maturity the other bonds in the table, though tne B'way
Surf. 2d 5s due in 1905, it is understood, have been paid off and the mtges.
in process of being discharged of record. The consols were guaranteed.
p. and i., under the terms of the mtge. by Met. Street Ry. Co.. since foreclosed. They cover the road owned in fee and also the right to use the
tracks on Broadway from 15th St. to the Battery; they are also a direct lien
on the cable (since changed to electricity), &c. Closed issue except for
refunding purposes.
The Bway. ar 7th Ave. assumed the Broadway Surface 1st M. bonds for
21.000.000 for
21,500,000 and payment of int, on the 2d M.bonds forassumed under use of
lease.
tracks between 15th St. and the ferry. South Ferry 5s
Seventh Avenue and South Ferry
-Including Broadway Electric,
ROAD.
1992.
lines; owns 19.33 miles of track. V.86, p. 51, 107; V.98, p. 1844,
-Electric and horse.
(2) Central Crosstown RR.
281873. May 28 1890 leased the
-Chartered March
ORGANIZATION.
statement of latter.
Christopher & Tenth Street RR.; see separateoperate road subj. to the conto
The receivers of Met. St. Ry. undertookobligation to pay the 15% div.
dition that they would be released from
lease, and also be released from payon outstanding stock as required by the $2,250,000 and franchise taxes. The
-year notes for
ment of 5% int. on the 3
which in turn
N. Y. Rys. Co. controls the entire note issue of 22,250,000,
collateral
controls the entire consol. mtge. bond issue of $2.490,000 held as
entered into a temporary arrangement for the operafor the notes, and has
lines
tion of the road. It is expected to consolidate the Central Crosstown
with the N.Y. Railways by a merger or under foreclosure.
Commission approved application to abandon
On June 18 1913 the P. S.
by horsea portion of its route (on 17th and 18th Sts.) formerly operated
cars. See V. 96. p. 1772.
Interest. Outstanding. Maturity.
Date.
BONDS2250,000 Nov 1 1922
1882 6 M-N
York;
First mortgage (21000)- ___cIInterest at Guaranty Trust Co., New
American Loan & Trust Co., Trustee.
-Track owned is 2.58 miles, of which .8 miles is electric and 1.78
ROAD.
Total
miles horse; leases from Christopher & Tenth Streets RR.4.16 miles.
-V.89, p. 528; V. 94,P. 766; V. 90. p. 1772.
track. 6.74 miles.
-Electric.
(a) Christopher & Tenth Streets RR.
--Chartered April 251873. Leased to Central CrossORGANIZATION.
foe 999 years at 8% on stock and int. on bonds and not
town May 1 1890
more than $1,500 per annum for organization expenses.
Par. Interest. Outstanding. Maturity.
STOCK AND BONDSSee text.
$650.000
$100 8 Q-J
Stock (2100)
210.000 Oct 1 1918
extended tat 1,000 4 A-0
First mortgage
Trust Co.. New York, Trustee.
1Guaranty
1898 (V. 67, p. 370)
-V.67. p. 370.
-Track owned is 4.16 miles.
ROAD.
-Underground trolley road.
Avenue RR.
(4) Eighth
Road was leased to Met.
ORGANIZATION.Chartered Jan. 10 1855. 1895 at rental of $215,000
from Nov. 23
St. Ry., now N. Y. Rys.,for 99 yrs. on the scrip. 16% dividends on stock
per annum,which provides for interest expenses. V. 62. p. 40. Underand $5,000 additional for organization
158th St. and Battery Place.
ground-electric traction system used between
V.
V 67, p. 178, 956.
Comm. authorized the issuance of 2750.000
Nov. 28 1913 the P. S.
replace the same amount
-year certificates, to be dated Feb. 1 191,4, to
6% 5
1 1914.
of certificates issued in 1884 and due Feb.
Interest. Outstanding. Maturity.
Par.
STOCK AND BONDSSee text.
$1,000,000
Quer.
2100
Stock
1919
750,000 Feb
-A
100 6 F
Scrip of 1914
Feb. 1
amount of scrip of 1884 which fell due
Scrip of 1914 replaces same
1914. Red. any int. day. V. 97. p. 1503.
V. 86, P. 52.
-Total track owned and operated, 19.44 miles.
ROAD.
108; V. 97, p. 1203, 1503,
-Underground-trolley.
(2) Fort George & Eleventh Ave. RR.
-Incorporated Nov. 19 1898 in the interest of the
ORGANIZATION.
11th Ave.
Met. St. Ry.(now N. Y. Rys.) to builds line from 130th St. and 11th Ave.
along 11th Ave. to 175th St. and another from 145th St. and




[VOL. xcix.

easterly through 145th St. to the Harlem River. Has constructed 2.06 m.
projected on Broadway and is operating 1.6 m.of track on 145th St. between
Lenox Ave. and Broadway. Stock auth., $3,000,000, all owned by the
New York Rys. V. 67, p. 1109. Franchise granted Dec. 1889 for 25 yrs..
with privilege of renewal for another 25 years,4% gross receipts to be paid
the first 5 years.6% the second 5 years,8% the third 5 years and 10% the
remaining years of operation. The road to become the property of the city
at the termination of franchise (whether original or renewed) upon payment
for the same in accordance with definitely prescribed rules.
-Horse and electric.
(6) Forty-Second St. & Grand St. Ferry RR.
-Chartered Feb. 16 1863. Leased to Met. St. Ry.
ORGANIZATION.
Co., now N. Y. Rys.,from April 6 1893 for duration of charter and renewals
thereof, at 18% on stock, payable in lawful money. Stock, 2748,000
(2100), of which 2400,000 is owned by N.Y. Rys. 1st M.6% bonds (due
1909) of 42d St. & Grand St. Ferry RR. formerly deposited under Met.
St. Ry. ref. mtge. have been canceled.
ROAD.
-Owns 6.80 miles of track. V. 74. p. 1139; V.89,p. 993.
-Underground electric railroad.
(7) New York & Harlem RR.
-Chartered April 23 1831. Owns also a steam road
ORGANIZATION.
its securities, which cover the electric roads as
leased to New York Central,
well as the steam line, being described under the title New York & Harlem
among steam railroads in our "Railway and Industrial" Section.
The electric (formerly horse) lines (19.52 miles of track) were leased to
the Met. St. Ry.,now New York Rys.,for 999 years from June 11 1896 for a
100,000 per annum
rental of $350,000 per annum the first five years and $1
thereafter, which is equal to 4% on the 210.000,000 stock;in addition $2,500
is allowed for organization expenses. V. 62, p. 1088.
On Jan. 23 1911 a div. of 7% was paid, covering in full divs. withheld
from 1909 to 1911 out of street railway rental, owing to franchise tax litigation (now settled). V. 94. p. 124; V. 93, p. 731; V. 91 p. 717. Line
perated electrically from March 1898 from City Hall to 105th Street.91 p. 717; V.93,p. 731, 1600; V.94,P. 124. 208,768, 1057; V.95.p.47.
1040; V. 96, p. 1424.
(8) Ninth Avenue RR.
-An electric railroad.
--Chartered July 29 1859. The road was leased to
ORGANIZATION.
the Met. St. Ry., now New York Rys., for 99 years from March 12 1892.
Rental.
-For first five years. $48.000, which is equal to 6% on capital stock
($800.000), and thereafter $64.000
-8%-on the same and 22,500 for or-J. Road
ganization expenses. Stock. 2800.000; par, $100; dividends Q.
-Fulton St. to 126th St., total track owned and operated, 16.90 miles.
-Underground trolley.
(9) Sixth Avenue RR.
-Leased to Met. St. Ry. now New York Rys.,
ORGANIZATION.
Feb. 1 1892 for 800 years. Rental 2145,000 per ann.. which is 7% on stock
and 85,000 for organization expenses (V. 61. p 925). Stock, $2,000,000;
par.$100. An extra dividend of 38% was paid fn Aug. 1901 out of proceeds
of sale of stable property at Sixth Ave. and 43d St. Road,including Lenox
Ave. branch (track operated). 12.06 miles. In Feb. 1899 began operating
-V. 86. p. 53. 109:
underground trolley all the way to Battery Place.
V. 88, p. 946.
Ry.-Underground electric.
(10) Thirty-Fourth Street Crosstown
-Chartered March 18 1896. being a consolidation of
ORGANIZATION.
the 34th Street Railroad Co. and the 34th Street Ferry & Eleventh Avenue
Railroad Co. $990,000 of the stock of the 34th Street Crosstown Railway
Co. is owned by the New York Rys. Operated under agreement dated
Dec. 21 1896. guaranteeing principal and interest of the bonds.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,000,000
Stock ($100)
1.000.000 April 1 1996
5 A-0
1896
First mortgage 41.000) gnarl
York. Trustee.
prin and int by N Y Rys__1Central Trust Co.. New
62. p. 549; V. 71,p• 135.
-Track owned is 0.95 miles. V.
ROAD.
Ry.-Underground trolley.
(11) Twenty-Third Street
-Chartered Jan.29 1872. Leased from Apr. 25 1893
ORGANIZATION.
unexpired term of the
to the Met. St. Ry. Co. (now N. Y. Rys.) for the is 18% on stock. The
Rental
charter and for any extensions of the same. 1906 and $200.000 of the 1st
owns all of the debs. due being held by Met. St. Ry.
New York Rys.
mortgage bonds due 1909, remaining 250,000
between the interested
receiver. A settlement having been agreed upon
162,204.930, dated Apr. 30 1907.
Parties of a note of the 23d St. Ry. Co. forof its note.$1.500,000 5% 50-yr.
the 23d St. Ry. Co. agreed to issue, in lieuS. Comm.for permission to do so.
bonds,and in Nov. 1912 applied to the P.
authorized by the P. S. Commission
V. 95, yo. 1333. These bonds were
May 28 1914 (see below)•
s
Maturity.
M
Interest. Outstanding.18%
Date.
STOpK r
stoek s1oo D BONDS18 Q-F
Stock
250,000 Jan 1 1909
6 J-J
1896
8250,000
First mortgage
150,000 Jan 1 1906
5 J-J
1886
Debentures($1,000)
1,500,000 Jan 1 1962
Impt &ref. mtge $1,500,0001 1912 5 g
elBankers Trust Co., N. Y., Trustee.
goldimp
d
ghe
1 .-) T
t. & ref. mtge. bonds are red, in whole or in part at the
-The
Bonds.
option of the company or for the sink, fund on any int, date at 107 and int.
$200,000 are
on 4 weeks notice. Of the 2250,000 1st mtge. 6% bonds, Ry,
receiver,
held by the N. Y. Rys. Co. and 850,000 by the Met. St.
which will ultimately be acquired by the N. Y. Rys. Co. V. 98. 13. 1995,
1695.
-Including 14th St., Bleecker St. and Canal St. branches, track
ROAD.
owned,4.54 miles. Rails,47 to 113 lbs., standard gauge. V. 74.p. 1139.
V.95, p. 1333; V.98,p. 1695, 1768. 1921. 1995.

V.

-Mostly underground electric.
SECOND AVENUE RR.
-In Sept. 1908 Justice Bischoff in Supreme Court appointed
Receivership.
George W. Linch separate receiver in suit by Guaranty Trust Co. to foreclose consolidated mortgage. At midnight on Nov. 12 1908 Mr. Linch took
possession of the property. Div. on stock due June '08 was defaulted. Default of int. on bonds occurred as follows: 1st (gen.) M., Nov. 1 '08 (subsequently retired; V. 91, p. 1255)* first consols, Aug. 1 1908; debentures.
July 11908. A committee has been formed to protect the interests of the
first consol. 5% bds. V. 87. p. 347. 1238. On Oct. 1 1910 Justice Amend
In Supreme Court authorized receiver to issue 82.500.000 receiver's certfs.
to be used to rake $1,280,000 gen. consol. 5s and $500,000 receiver's ctfs.
due Oct. 1 191.P. and for franchise taxes, improvements and equipment.
V.91,p• 946. In Jan. 1911 2500,000 additional certfs. were authorized for
improvements and equipment. V. 92, p. 264. On Sept. 26 1911 Justice
Bijur in Supreme Court authorized $3.200.O00 1-year receiver's certfs., of
which $3.000.000 were used to retire like amount a certfs. falling due Oct. 1
1911. V. 93. P. 872. In Oct. 1912 a new issue of 23,200,000 1-year receiver's certfs. was authorized to retire 23,065,000 certfs. falling due Oct. 1
1912,&c. V. 95.p. 892. In Oct. 1913 a further issue of $3.200.000 1-year
6% receiver's certs. was authorized to retire $3.140,000 falling due Oct. 1
Oct. I 1913. V. 97, p. 952. On Sept. 10 1914 Judge Lacomb in the U. S.
Dist. Court signed an order allowing claims amounting to $594,727 against
the N. Y. City Ry. for special franchise taxes due and for damages. See
V.99, p. 749.
-Chartered Jan. 211853. Was formerly leased for
ORGANIZATION.
length of charter from Jan. 28 1898 to Met. St. Ry. at 8% on stock for
3 years from Mar. 1 1898 and 9% thereafter. V. 66. p. 185. All electric
except First Ave. branch, and this last was also converted to electricity
down to 59th St.(V. 86, p. 337) in Feb. 1908. which is the terminus of road
under its charter. On Aug. 2 1910 P. S. Comm. granted permission to
electrify Worth St. line from Chatham Sq. to Broadway. V. 91. p. 308.
Par.
Interest. Outstanding. Divs.. &c.
SECURITIES8100 9 Q-M
See text.
21.862.000
Stock 22.500,000 (2100)
3,140,000 Oct 1 1914
Receiver's certfs 23.200.001 1,000 6 A-0
cntf Callable April 1 1914 at 100 and interest.
1916
nt 1,000 5 J-J
Debentures of 1889_
89.000 Jan 11909
__--A
gold $7.000.0001 1,000 5 g F
First cons
5,631.000 Feb 1 1948
1898 guar p & i end_ _c*tflGuaranty Trust Co., New York, Trustee.
Remaining receiver's certificates are reserved to be issued under further
order of the Court. First lien on entire property.
Of the new first consolidated 88, 21,369,000 were reserved to retire securities of earlier date. V. 66, p. 900. For mistake of trustees in exchanging
some as of 1909 for consolidated 88 of 1948, see V. 76, I). 654.
-For year end. Aug. 30 1913, gross. $1.046,235; net, after
EARNINGS.
taxes. 8259.937; rents. $1,530; int. on rec. ctfs.. 8156.592; surp.. 8101.815.
-Track operated, 28.20 miles.
ROAD.
-V. 87,
347, 740, 814, 1012.
1238, 1301; V. 88.p. 946, 1198: V. 89,0. 779,848. 919, 1224: V.91, p. 398.
p.
616,946, 1255; V.92.P. 204; V. 93,P. 872; V.95, o.892; V.99, p.749.




•"

p• •

i,B.°11°'4

THIRD AVENUE RAILWAY SYSTEM
COMPRISING 356.78 MILES OF TRACK
Showing its lines in Manhattan and the Bronx
in the City of New York and its lines in the
County of Westchester.

EXISTING LINES
PROPOSED EXTENSIONS
NMI

REAL ESTATE HOLDINGS

E.
h.BROADWAY

86

ELECTRIC RAILWAYS

[VOL. xcxx.

THIRD AVENUE RY.-Underground trolley (See Map on page 85.)•
(2)2Porty-Second Street Manhattanville & St. Nicholas Avenue
-Incorporated in New York on Apr. 20 1910 and on Ry.-A horse road, but Nov. 11 1900 changed to electricity. Operates the
ORGANIZATION.
Jan. 1 1912(Court of Appeals having affirmed the decision of the Appellate Third Avenue Bridge Co.
On Sept. 11 1912 Judge Lacombe signed an order discharging the receiver.
Division of Supreme Court, which reversed the order of the Public Serv. V.
95.
-most of which are
Comm.,refusing to approve reorganization plan; subsequently approved by held p. 679. Nothing is being paid on 2d mtge. 6s
by Third Avenue Ry. But in April 1912 Union Trust Co. gave
the Comm. on Jan. 17 1912. V. 94, p. 209; V. 93.P. 1464; V. 92, p. 1637. notice
that it would pay on presentation, with int. at 6% from March 4 1909
1567; V. 91, P. 338) took over the property of the old Third Avenue RR.,
to date of payment, all the $55,000 incomes in hands of public (V. 94. 1)•
sold at foreclosure on Mar. 1 1910. V. 93 p. 1535.
Owns all or practically all of the stock of
following: Union By., Dry 1056), which offer was accepted.
In Dec. 1910 Pub. Serv. Comm. granted authority to operate 110th St.
Dock East B'way & Battery. 42d St. Manhattanville & St. Nichloas Ave..
Yonkers RR., Westchester Electric. Southern Boulevard. Kingsbridge By., line permanently by storage-battery power. V. 91, p. 1766.
--Chartered Aug. 29 1878. In Nov. 1895 control
ORGANIZATION.
York Westchester & Connecticut
New York City Interborough, New
Traction Co.,Mid-Crosstown By.Co.,Inc.,and Belt Line By.Corporation; was purchased by the Third Avenue RR. See V. 61, p. 926.
In Dec. 1899 began to use underground electric system from Fort Lee
also the 21,387.000 outstanding 2d mtge. inc. bonds of 42d St. Man. & St.
Nich. Ave. Ry. and the $1,750,000 5% bonds of the Belt Line By. Corp. Ferry to Boulevard, then to Fifty-ninth Street.
$2,471,300 stock and all the 81,387,000 outstanding 2d mtge. incomes are
(to be held in the Third Ave. Ry.'s treasury for the present).
In March 1913the Pub. Serv. Comm.permitted the company to purchase owned by Third Ave. By.; the remaining 2113.000 2d mtge. bonds have
the Belt Line Ry. Corp.'s stock and bonds and to guar. the latter and sell been retired.
On June 21 1912 Pub. Serv. Comm. granted auth. to extend for 30 years
the same at not less than 95. V. 96. 13. 864.
On May 9 1912 applied to Pub. Serv. Comm. for authority to acquire to Mar. 1 1940 at 5% the 1st M.6s matured Mar. 1 1910. V. 94, p. 1695.
practically the entire outstanding stocks (not in its own possession) of all
STOCK AND BONDSPar.
Interest. Outstanding. Maturity.
its subsidiary companies. V. 94, p. 1318. Nov. 8 1912 the Comm. ap- Stock authorized 22,500,000_ _ $100
22,500,000
proved the purchase of $1,356,000 additional stock and $259,000 bonds of First mortgage gold 1880_ _tf 1 1.000 5 M-S
1,200,000 Mar 1 1940
N. Y. City Interborough By. not already owned. V. 95, P. 545. 1274.
Red at 110 any int date. lInterest at Union Trust Co., N.Y.City,Trus
The new company purchased the N. Y. City Interborough and gave a Second mtge income 6s 1885f 1.000 6% as earned See text Jan 1 1915
note for 21,350,000 to the Central Trust Co. for money to purchase securi21.500,000
tf Union Trust Co., N. Y., Trustee.
ties and to partially complete the road it was entitled to build under its
ROAD.
-21 miles of track.
franchises ($350,000 has been paid on account of this note).
REPORT.
-See above.
-V. 92, p 59. 659; V. 93, p. 346, 730, 1668:
On Jan. 7 1914 the P. S. Comm. heard the application of the company
for authority to issue 26,650,000 bonds on account of the cost of acquiring V. 94. p. 1056, 1695; V. 95, p. 67P.
control of the Belt Line Ry. Corp. (V. 96, p. 946. 1020, 1295), the New
-A trolley road.
(3) Union Railway Co. of New York City.
York City Interborough Ry. Co. and the Mid-Crosstown RR., and to pay
Receiver has been discharged.
for certain construction work. See V. 98, p. 74.
ORGANIZATION.
-Operates from 129th St. and Third Ave. through
In Jan. 1914 the P. S. Comm. auth. the Mid-Crosstown By. (see below)
to issue $150,000 stock and also auth. the Third Ave. Ry. to acquire same, the Borough of the Bronx, and with subsidiary lines continuing thence to
paying therefor with 4% bonds not exceeding $187,000 to be sold at 80. and through Mt. Vernon.
Owns 258,100 (all the outstanding stock) of the Bronx Traction Co.
The stock of the Mid-Crosstown Co. was acquired Apr. 17 1914. V. 98,
New Franchise.
-On July 2 1914 the Board of Estimate and Apportionp. 306.
City Island By.(2125,000 ment granted the company a franchise to cross the Willis Ave. bridge over
On July 9 1914 purchased the Pelham Park &
auth. stock, $117,000 out) from the Interborough Rapid Transit Co. V. the Harlem River to 125th St., and along 125th St. to the Fort Lee Ferry,
without obligation to
99, p. 122. Operation by storage battery motive power was begun Aug. 18 franchise was granted give transfers to the Third Avenue By. cars. The
with the stipulation that the P. S. Comm. might, at
1914. V. 99, P. 610.
Transfers-On Nov. 1 1912 began transferring to the Second Ave. RR. any time, require the company to furnish the transfers. V. 99, p. 50.
Line Ry. Corp.'s 59th St. line. The last-named comSTOCK AND BONDS. Par.
by way of the Belt
Interest. Outstanding. Last die., citc.
Stock
pany is now part of the Third Ave. By. System.
$100
$2,000,000
Operation Over Queensboro Bridge.-Pres. Whitridge (while receiver), hav- First mortgage 1892 gold--I 1,000 5 g F
--A
2,000,000 Aug 1 1942
ing made a contract on Jan. 8 19'0 with the Third Ave. Bridge Co.( a co.
',Int. payable at Central Tr. Co., N.Y. City.
formed to construct a road through 59th and 60th Sts. and across Queens
Guaranteed Loans
born Bridge to Long Island City), by which the Bridge Co. assigned to him Westchester 1st M gu P &
21,000 5 g J-J
500,000 July 1943
Its franchises, and he agreed to construct, maintain and operate the road
gold 1893
ntf Mercantile Trust Co., New York, Trustee.
of the Bridge Co. till May 1 1920(V. 90, p. 1615),on Jan. 23 1912 began to Southern Boulevard RR 1st1
250.000 July 1 1945
5 J-J
operate cars to the Long Island City end of the bridge. V. 94, p. 280.
gold 1895
tfjCentral Trust Co., New York, Trustee.
This road is now operated by 42d St. Man.& St. Nich. Ave. Ry. In Apr. Yonkers RR first mortgage_
See below
1913 the Third Ave. By. applied for auth. to purchase the stock of the
ROAD.
-Including Bronx Traction, operates 113.45 miles of track.
Bridge Co. Application had not been granted up to Sept. 15 1914.
REPORT.
-See above.
-V.87. p. 1161; V. 90. p. 1297; V. 91, p. 655:
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
V. 92, p. 1567; V. 94, p.489, 1318: V. 99, p. 50.
Stock $16,590.000(2100)
216,590,000
Thd Av RR 1st Mg (21,000) tf 1887 5 g J-J
5,000,000 July 1 1937
(a) Bronx Traction Co.
-A trolley road.
First refund M 240,000,000 1910 4 J-J
19,970,000 Jan 1 1960
ORGANIZATION.
-Incorporated on May 12 1904. and is a consolidaCentral Trust Co., New York. Trustee.
gold (see text)_ _c*&rstf
tion of several small companies. See V. 78, p. 2333. Entire stock owned
Adjust inc mtge $536,000 1910 5 A-0
22,536.000 Jan 1 1960
by Union By.
gold (see text)____c*&rstf U. S. Mtge. & Tr. Co., N. Y., Trustee.
Notes payable Nov. 30 1913_
2.939.787
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock and bonds all listed on N. Y. Stock Exchange.
$58,100
Stock $585.000 ($100)
--Bonds.
-Coupon bonds of both issues are in denom. $500 and 21,000:
ROAD.
-Owns 21.68 miles of track. operated by Union Ry.,from Bronx
registered bonds are for 2500 and 21,000 or multiples of $1,000. Int. on River
by West Farms Road to Westchester Village; from Bronx River by
both issues is payable at office of company or its agency in N.Y. City. Of
to Westchester Village;
the remaining 1st ref. bonds. $12,118,000 are reserved for underlying bonds Southern Westchester TurnpikeBoulevard, and from Westfrom Main St.,
Farms Road to
Westchester
and 27,912,000 for future extensions and improvements under proper Bleecker St. Village. to Eastern 109-1b. rails.
Standard gauge;
restrictions. They are redeemable on any interest date on or after July 1
1914 at 105 and int. on 3 months' notice. See V. 94, p. 706. Int. on
-A trolley road.
(4) Yonkers Railroad.
income bonds is cum. after Dec. 311912. Inc. bonds are red, as a whole
In July 1912 Supreme Court of Westchester County made an order disbut not in part on 1st day of any month on 3 mos.' notice at par and int.
charging the receiver. V. 95. p. 112.
Adjust. inc. mtge. holders to have full voting powers until full int.,including
Operating Agreement with Union Ry.-On May 25 1911 Pub. Serv. Comm.
accum., shall have been paid for five successive years. See V. 94. p. 706.
between the receivers of both the
the terms of
Int. for 6 mos. end. June 30 1912 on incomes was not paid. V.95. p. 112. approvedRR. and Unionan agreement cars of the former company will run
Ry., whereby
Yonkers
Dividend on Income Bonds.
-An initial dividend of 1%% on the adjust.
of the
to the terminals of the New York City subinc. bonds was paid April 1 1913 for the 6 mos. end. Dec. 31 1912. V. 96. over certain trackslines. latter reduces from 15 to 10 cents the fare from
This
way and elevated
p. 136. On Oct. 1 1913 2%% for the 6 mos. end. June 30 1913. April 1 Yonkers to lower Manhattan. restoring the old rate as before the breaking
1914.2%% for the 6 mos. end. Dec. 31 1913(V.98, p. 238). Oct. 1 1914, up of the Metropolitan Street By. system. V. 92, p. 1245, 1438.
2%% paid for 6 mos. end. June 30 1914.
-The Union By. guarantees the 21,000.000 bonds.
ORGANIZATION.
ROAD-Operated.
Miles.
Miles- p. & I. V. 67. p. 635.
Third Ave.
-Total
__ 35.47 Yonkers RR
38.65
-On Jan 2 1913 the men struck, but, yielding to the request of
Strike.
Controlled but operated sepcitracks_Southern Boulevard
9.02 the P. S. Comm., returned to work on Jan. 16.
rately-track miles.
N. Y. West. & Conn. Trac
3.24
Interest. Outstanding. Maturity.
STOCK AND BONDS- Dan.
19.07
Dry Dock E. B.& Batt. By - 16.02 Belt Line By. Corporation
$1,000,000
Stock $1.000,000($100)--=- 28th & 29th Streets
4.15
5 A-0
1.000,000 April 1 1946
300.84 First mtge gold $1,000,0001 1896
42d St. Man.& St. N. Ave_ _ 21.00 Total controlled track
ntf'Bankers Trust Co., New York, Trustee.
guaranteed
Union Ry.(incl. Bronx Tradj113.45
-V.87. p. 98. 937; V. 88. p. 1199:
N. Y. City Interborough
35.61
-Owns 38.65 miles of track.
ROAD.
40.63 Grand total of tracks
336.31 V.89.p.594: V.91,p.872: V.92,p. 1245, 1438; V.94,p. 1765: V.95. p.112.
Westchester Electric
CARS.
--Owns 1,134: controls 563; total, 1,697 cars.
(6) Kingsbridge Railway.
ending June 30 1914, gross, $10,858,454; net, after
REPORT.
-For year
ORGANIZATION.-Incorp. Jan. 25 1898. The franchise, the terms of
taxes, $3,131,977; other income, $79,103; int. charges, &c., 22,569,841: which are 4% of gross receipts for the first 5 years, 6% for the second,8%
net income, $641,239.
for the third and 10% thereafter, is for 25 years. with privilege of renewal
-P. & Gen. Mgr., under certain conditions for another 25 years. At the end of the term the
OFFICERS.-Pres.. Frederick W. Whitridge; V.
Edward A. Maher: Sec., Frederic J. Fuller; Treas., A. D. Sage; Aud.. city acquires the property, paying for it in accordance with definitely
Reune Martin.
prescribed rules for fixing its value. V. 69, P. 1248. Work on this line
DIRECTORS.
-James N. Wallace, Adrian Iselin, Harry Bronner, was begun in July 1901 and completed in 1902. Runs from Amsterdam
making 6.71 miles addiFrederick W. Whitridge, Frederick H. Shipman, W. Emlen Roosevelt, Ave. and 162d St. to Broadway and 225th St., By.,
which company also
John W.Platten, Albert W. Scholia, Joseph H Seaman, George W. Davi- tional. Entire stock owned by the Third Avenue
-V.95, operates the property. ,
son. Edward A. Maher. Franklin L. Babcock and Milton Ferguson.
.
112, 172, 362. 545. 1274, 1609; V. 96, 13 133, 136. 204, 286. 864, 948,
P•
(6) New York City Interborough Ry.-A trolley road.
1158, 1631, 1841; V. 97, p. 177. 729. 1287. 1428; V. 98, p. 74. 238. 306,
On Nov. 8 1912 the Pub. Serv. Comm. approved the piurchase by the
691, 840; V. 99, p. 122, 192, 199, 610.
Third Ave. Ry. of 21,356,000 additional stock and 2259,000 bonds of the
East Broadway & Battery RR.
(1) Dry Dock
company. V. 95, p. 1274. The Third Ave. By. owns altogether 24,221.RECEIVERSHIP.
-Feb. 1 1908 Judge Lacombe appointed Frederick 000 stock and 21.672,000 first mortgage bonds.
W. Whitridge, then receiver of Third Avenue RR. receiver of this som-Incorporated in New York on March 24 1902, in
ORGANIZATION.
pany. Interest due Feb. 1 1908 on the 21,100,000 certificates of indebted- the interest of the Interborough Rapid Transit Co.. to build an extensive
ness has not been paid. V. 86, p. 337. Judge Lacombe in U. S. Circuit system of feeders for the subway and elevated lines in the Bronx, and to
Court on April 18 1911 authorized issue of not exceeding 2350,000 receiver's afford street railway connections across the IIarlem River bridges.
certificates. V. 92, p. 1108. In July 1913 2179.000 additional receiver's
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
certificates were issued,to be known as Series "B," and to bear 4% interest.
Stock,25,000,000 (2100)$5,000,000
V. 97. p. 237. Int. due Dec. 1912 on general mtge. bonds has been paid.
2,077,000 May 1 1928
16 190 has been adopted (conditioned upon the appro- First mortgage, 25,000.000,1 1905 4 g M-N
A plan dated May
sinking fund, gold
tf f Int. at U.S. Mort.& Tr. Co., N.Y.,trustee.
val of the P. S. Comm. and the obtaining of certain Federal Court authori-Of 1st M. bonds,$3,000,000 have been issued, of which $87.000
Bonds.
Providing for a gen. & ref. 4-5% mtge., due 1960. to be issued in
zations)
three series for refunding entire indebtedness of the company except general are in sinking fund and $836,000 are in treasury.
ROAD.
-35.61 miles of track. Three-cent transfers are exchanged at
(1st) mtge. bonds, for redemption of which sufficient new bonds are reserved. See plan. V. 96. p. 1628. On Aug. 26 1913 application was made certain points with the subway system and the Manhattan Elevated RR.
for authority to issue 24.325,000 4% ref. bonds in accordance with this plan. -v.93, P. 1191; V. 94, p. 279; V. 95. p• 544. 1274.
V. 97. p. 520. But on April 28 1914 the P. S. Comm. denied the applica(7) Belt Line Railway Corporation.
-Storage-battery and electric.
tion on the ground that the proposed capitalization greatly exceeds the
ORGANIZATION.-Incorp. at Albany on Dec. 24 1912 to take over
value of the property. (See also V.96, p. 1628, and V.97,p. 520.) V.98,
p. 1392.
the Central Park North & East River RR.
..sold at foreclosure on Nov. 14
-Incorporated Dec. 8 1863. Third Ave. By. owns 1912 to Edward Cornell(V. 95, p. 1331. 1402). In March 1913 was taken
ORGANIZATION.
V 96, p. 864,
21.196.900 of the stock. In Jan. 1906 began operating Grand St. line by over by Third Ave By Cent. Park N.948.
& E. River RR.began transferring
On Nov. 1 1912 the old
electricity. On Oct. 1 1911 changed from horse cars to storage-battery
a single 5
cars on Avenue B and Canal St. lines. V. 93, p. 1105. On Oct. 25 1912 passengers forSee "New -cent fare to N. Y. Rys. and Third Ave. Ry. lines
York Railways" on a preceding page.
received permission from P. S. Commission to electrify road on Canal St. on 59th St.
In Mar. 1913 P. S. Comm. auth. the making of a mtge. for 24,000,000
V. 95. p. 1206.
5s and theissuance of 21,750,000 bonds thereunder at not less than
1st
Interest. Outstanding. Maturity. 95. M.
STOCK AND BONDSPar.
Entire stock and bonds owned by Third Ave. Ry.
..111f
21,200,000 See text
Stock 21.200,000
2100 6 Q-F
On Nov.7 1913 the P. S. Comm. granted the joint application of this co.
350.000
Receiver's certificates
tf _
6
and the Third Ave. Ry. to increase the auth. stock from 2600.000 to $750,179,000
Receiver's certs Series"B"__tt --4
and for the issuance of 2253.000 stock to the Third Ave. Ry.in payment
950,000 Dec 1 1932 000
General mtge gold 1892-nt% 1.
000 5 g J-D
of advances for the purchase of storage-battery cars. V. 97, p. 1356.
Farmers' Loan & Trust Co., Trustee.
1.100,000 Feb 1 1914
Cert of debt,not sub to call_ t
100 5 F
-A
STOOK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock 8750,000
ROAD.
$734,000
-16.02 miles of track.
1st mtge 24.000,000 gold red) 1913
5%
See text
Jan. 1 19.1
REPORT.
--See above.
as a whole at 105
tf f Central Trust Co., N. Y., trustee.
INDEX.
-V.87, p. 1010; V. 92,p. 1108; V.93. p. 1105; V.95,p. 1206;
Bonds are guaranteed by Third Avenue By.
V.96, p. 1628: V. 97, p. 116. 237.




SEPT., 1914.1

ELECTRIC RAILWAYS

ROAD.
-Owns road on 59th St., East and West. with belt line on East
and West Sides to South Ferry-19.07 miles of track. All elec. on 59th St.
P. S. Comm. has granted permission to substitute electric storage-battery
cars for horse cars on East and West Side belt lines. Owns 79 storagebattery cars.
-V• 95,p. 1744: V.96,p. 200, 284, 789, 862. 946. 1020, 1295:
V. 97. p. 174, 520, 1203, 1286, 1356; V. 98, p. 1692. 1919.
(8) Mid-Crosstown Railway Co.--Storage-battery cars.
Acquired by the Third Ave. Ry. late in 1913.
ORGANIZATION.-Incorp. in New York on Jan. 27 1912, In the inter& 29th Sts.
est of the reorganization committee, as successor to the 28th 69). Stock
Crosstown RR., sold at foreclosure on Jan. 4 1912 (V. 94,p.
V. 93. p. 1790.
auth., $500,000. See plan of reorganization indated Dec. 11 1911 having
Amended Plan.
-The plan of reorganization
proposition,
been disapproved by the P. S. Comm. and also a subsequent the Midthe Comm. on Jan. 23 1914 approved of a plan authorizing in payment
issue 5150.000 stock
Crosstown Ry. Co. (the successor co.) to
Crosstown
for all the franchises, tracks, &c., of the 28th & 29th StreetsCo. to issue
Ry.
Third
RR., free from all lions and claims, and theits 4% Ave.
bonds. The proceeds
for the acquisition of said stock $187.000 of for counsel fees, &c.) will be
of the bonds (with the exception of 637,000
property, and the debts of the
applied to the liens and claims against theprice will be received in the form
receiver, &c. The balance of the purchase Ry. Co. for $250,000. payable
promissory note of the Third Ave. maturity, to renew 8166,666 66
of a 4%
within one year from date, with the right,atthe second maturity, to renew
at
thereof for one year at 4%, and again, same rate. See V. 98. p. 612.
$83.333 33 of same for another year at
For notice to depositing bondholders see V. 98.P. 1461.
Interest. Outstanding. Maturity.
Date.
STOCK$150,000
Common, $150,000 ($100)--June 30 1912. gross. $77,156; deficit
-For 12 mos. ending
EARNINGS.
from open, $8,976; interest and rents. $3.097; total deficit, $12,073.
-V
94, p. 487: V. 95, p. 1403:
-Track operated, 4.14 miles.
ROAD.
V. 97, p. 666. 1116; V. 98, p.304 and 306. 611.
FEDERAL LIGHT & TRACTION CO.
-Incorporated in 1910 in New York. Holds a conORGANIZATION.
trolling interest in the following companies operating gas, electric lighting,
in cities mentioned in
steam heat, ice and traction properties located(Okla.) Electric Co. titles.
Alba uerque (N. M.) Gas, Elec. Lt. Hobart
Las Vegas (N. M.) Lt. & Power Co.
)•
& Power Co.(V. 84. P•
Albuquerque(N. M.)Elec. Pow. Co. Las Vegas (N. M.) Transit Co.
Central Arkansas Ry. & Lt. Corp., Rawlins (Wyo.) Elec. Lt.& Fuel Co.
Sheridan (Wyo.) County Elec. Co.
Hot Springs, Ark.
Springfield (Mo.) Ry.& Light Co.
Hot Springs Street Ry.
Springfield (Mo.) Gas & Elec. Co.
Water Co.
Hot Springs
Springfield (Mo.) Traction Co.
Citizens' Electric Co.
Trrinidad (Col.)EI.Transm.,Ry.&Gas
Consumers' Gas Co.
Tucson (Ariz.) Gas, Elec. Light &
Elec. Co.
Deming (N. M.)Ice &
Power Co.
Grays Harbor Ry. & Lt. Co., AberTucson (Ariz.) Rapid Transit Co.
deen Wash.(V. 86. p. 420)•
entire capital stock and all the underlying bonds of all of the above
The
the $1,200,000 pref. stock and $2,000,000 1st lien
20 companies,exceptArkansas Ry. & Lt. Corp.. the 52.183,000 Springfield
bonds of the Central
and $600 par value of bonds and $96.550 stock of Tucson
Ry. & Lt. bonds
V.90,p.1490.
Rap. Tr. have been acquired. See description of properties in
Springfield
entire
u
As of March 1 191.1 acq ired the 1499. capital stock of the
Co. V. 92. p.
(Mo.) Ry. & Light
and gas properAs of Sept. 1 1911 acquired the electric railway, lighting (Colo.) Electric
ties of Trinidad. Colo., through its subsidiary, the Trinidad
Transmission, Ry. & Gas Co.(a reorganization of the Colorado Ry., Light
& Power Co.) V.93, p. 411.
As of March! 1912 acquired the entire capital stock of the Deming(N.M)
Ice & Electric Co. V. 94, p. 1056.
On March 1 1913 took over the Central Arkansas R.& Light Corp.
V. 96, p. 1154. In the early part of 1913 sold the Montrose (Colo.) Elec.
Light & Power Co.
-year gold notes were issued (auth.. $10,000,000.
In Dec. 1913 $725,000 10
see below) carrying an equal amount of common stock option warrants
entitling holders to obtain such stock at par any time prior to Dec. 11923.
See also V. 97. p. 1583, 1822. In June 1914 a further $715,000 of these
notes were issued at 6%•
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
54,750.000
Common 55,500,000($100)- 2,500.000 Sept 14,1;4
Q-M
0)
.
Prof 55.500.0006% cum ($16
3.554,000 Mar 1 1942
First lien s f M 650,000,000 1912 5 M-S
Columbia Trust Co., N. Y.. trustee.
gold ($500 & $1,000)_ _..c5
1,500,000 Mar 1 1922
Covertible debentures 41,- 1912 6 M-S
Brooklyn Tr. Co.. Brooklyn. N. Y., trustee.
500,000
715.000 Dec 1 1923
-year gold notes, $10.000.-{ 1913 6%
10
725.000 Dec 1 1923
1913
7%
000
Trust Co., N. Y., trustee.
Columbia
-Of the remaining 1st lien sink. fd. bonds,51.666.667 are reserved
Bonds.
for conversion of debs. and $44.733,333 are for impts., betterments and acquisitions under conservative restrictions. $89,000 retired by sk.fd. Red.
as a whole but not in part at 102 and int. Annual sk. fd. of 1 % of bonds
0
out Mar. 1 1913 to Mar. 1 1923: 27 1923 to 1933:2% 1933 to maturity.
Payments for redemption of bonds if purchasable at or below 102 and int.,
otherwise to be invested in new property subj. to the mtge. See V.94,p.910,
559. Debentures are cony. at 90 into 1st lien bonds after Mar. 1 1913,and
more than 5 days before debentures have been called at par, provided consol.
net earnings, excl. Springfield. exceed 234 times int. on 1st M. out and
issuable against conversion. Red. as a whole but not in part on any int.
date at par and hit. on 6 weeks' notice, and, if presented for exchange for
first lien bonds. may be taken up at 101 and int. in cash. Cony. up to and.
incl. 6th day preceding date fixed for redemption. V. 96, p. 284. The
notes of 1913 are redeemable at 105 an 30 days' notice until June 1 1921:
thereafter at par and int..• 51.500.000 are reserved for retiring 6% debs.
due March 1 1922 and balance reserved for future requirements. V. 97.
la• 1822. 1583.
Dividends.
-On pref.-1% %-paid quer. from Sept. 1910 to and including Sept. 1914.
EARNINGS.
-Of controlled companies after elimination of inter-company earnings and after provision for reserve funds (excl. Deming Ice &
Electric Co.).
Bond Fed.L.&Tr. Cent.Ark.R. Bal.,
Gross
Int.
Net
Cal.
Earns. Earns. Cities. Disct. Pref. Div. Lt.Pf.Div. Burp.
$
Years.
$
$
$
1913_ _2,329,164 903,492 531,821 40,716 6%)150.000 (7%)63.000 117,955
x63,000 207,077
1912_2.167,507 936,799 442.827 73,895 6%)150.000
z These dividends were not actually paid;the amount is inserted simply to
make oroper comparison.
-Controlled properties operate 85.16 miles of track.
ROAD.
-P., Francis Blossom
OFFICERS.-Pres., Edwin N. Sanderson; 1st V.
-V. 90',
-P., Craig Colgate; Treas., L. C. Gerry; Sec., J. B. Marsh.
V.
336; V. 92. p. 460. 526. 1499; V. 93. p. 411. 1532,
p. 1490; V. 91. P. 38.
786: V. 94. p. 207. 559. 908. 910, 982, 1056. 1249; V. 95. p. 419; V. 96.
p. 284. 716. 947,1164, 1772: V. 97,p. 1583, 1822: V.98. p. 453.
(1) Central Arkansas Railway & Light Corporation.
On Mar. 1 1913 was taken over by Federal Light & Traction Co.. which
owns entire common stock.
ORGANIZATION.-Incorp. Feb. 19 1913 In Virginia, taking over the
Hot Springs St. Ry. and other properties. Through its constituent companies does entire water, street railway, gas, electric light and power business in Hot Springs and vicinity. Has contract with city of Hot Springs
for street lighting.
-Street railway expires in 1954. and exclusive as to streets
Franchises.
occupied until that date. Water, exclusive and expires Nov. 1931. Electric light and power. expires 1933. Artificial gas, unlimited as to time.
Also has a natural gas franchise, expiring in 1931. which provides for a
maximum rate of 50c. per 1.000 cu. ft., this rate being protected by a contract with the Arkansas Natural Gas Co. for natural gas, the Central Ark.
Ry.& Light Corp. receiving about 30% of the gross earnings as its share of
the profit. Should supply of natural gas fail, company will revert to artificial gas franchise.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Common 57,000.000
-M
7Q
Profcum 63,500,000
821.000
1.2
$2 5 0 )Sept '14.13i
First lien $7,000.000 ($1,000.1 1913 5 B M-3
2.000,000 Mar 1 1928
$500 and $100) gold_ _ _ _c*IInt. at Colum.-Knick. Tr. Co., N. Y., trust.
Preferred stock is redeemable at 110 and accrued div. Dividends are guar.




87

by Federal Lt. & Trac. Co., by endorsement. Additional pref. stock may
oe issued under conservative restrictions. V.96, p. 715.
Bonds.
-Additional bonds may be issued for go% of cost of additions,
extens. and impts. when net earnings are double the int. charges on bonds
out, incl. those proposed to be issued. Sinking fund, beginning Jan. 1915,
will retire at least 20% of entire issue by maturity. All bonds subject to
call on any interest date at 102.
-First div. on pref.-1V%-paid June 2 1913; Sept., 131%;
Dividends.
Dec., 131%. In 1914. Mar., 131%; June, 1j%;Sept, 131
EARNINGS.
-Combined earns, of constituent cos. for calendar year
1913. gross,6503,953; 1912,gross. 5476.249;1911. gross. $418.568.
ROAD.
-Operates 13.08 miles of track; 60-ib. rails. 32 passenger cars.
-P., & Treas., L. C. Gerry;
OFFICERS.-Pres., E. N. Sanderson; V.
Sec.,I. Dunhill; Gen. Mgr.,S. E. Dilion.-V.96. p. 715,789.
(2) Springfield (Mo.) Railway & Light Co.
As of Mar. 1 1911 entire stock was acquired by Fed. Light & Trac. Co.
ORGANIZATION.-Incorp. in Maine in Jan. 1906. Owns entire
capital stocks of the Springfield Traction Co.and the Springfield Gas & Electric Co. The Kickapoo Transit Co. is also part of system. Electric Light
franchise perpetual; gas franchise expires in 1929; street railway franchise
in 1944 and steam heating franchise in 1936. Does entire traction, gas,
electric light and power business of city. Also does steam heating.
On June 24 1914 the P. S. Comm. ordered a reduction of about 30% in
rates of the Springfield Gas & Elec. Co.. holding that a net return of 7%
is adequate for the company, but application was made for a re-hearing.
V. 99, p. 344.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
See text
51,600,000
Stock 61,600,000
5 g M-N
2.183.000 May 1 1926
1st lien mtge $7,000.000 golcil 1911
(6500 & $1,000)sink fd_ _c*I Guaranty Trust Co. N. Y.. trustee.
Bonds.
-$4.810,000 1st lien bonds are reserved for additions and impts.
at 80% of cost under certain restrictions. Annual cumulative sinking fund
began Mar. 1 1913 and provides for 25% of all bonds issued. $57,000
retired. Sub, to call as a whole or for sinking fund at 102 and int. on any
int. day. Int. is pay. in New York, Boston or Chicago. V. 92. p. 1566.
-Is paying 7%.
Dividends.
EARNINGS.
-For 12 mos. end. Dec. 31 1913. gross, 52,617.921; net.
$286,337;int. paid,$112.712; surplus,$173,625.
ROAD.
-Operates 23 miles of track;52 pass. cars. 70 and 80-lb. T rails.
-V. 92. p. 120. 1566. 1637; V. 93.
Power station capacity, 3,250 k. w.
p. 1699; V.95. p. 362; V.96, p. 488; V.98, p. 388; V. 99. p. 344.
(3) Trinidad (Colo.) Electric Transmission, Ry. & Gas Co.
Federal Light & Traction Co. owns all the $3.000,300 outstanding stock
and the $2,435,000 bonds outstanding.
ORGANIZATION.-Incorp. in Colorado on Aug. 7 1911 as successor
to the Colo. Ry.. Lt. & Pow. Co.. sold at foreclosure Aug. 2 1911. • V. 93.
p. 409. Supplies electricity to mines and cities of Las .Animas and Huerfano counties, Colo. Controls the entire gas, electric light and street railway business of Trinidad,Colo.,and operates an interurban railway connecting Trinidad with Thomasville, Cokedale, Jerrybills, Piedmont, Jansen,
Starkville and Sopris. Gas and electric franchises run from 16 years to
perpetuity. Street railway franchises run for 50 years from 1903.
-Owns and operates 20 miles. Power plant capacity. 8,500
ROAD.
-V.93, p. 409.
k. w. Rail. 60-11a. T;standard gauge.
(THE) UNITED GAS & ELECTRIC CORPORATION.
ORGANIZATION.-Incorp.in Connecticut on June 6 1912 as a consolidation of Susquehanna Ry.. Lt. & Pow. Co. and United Gas & Elec. Corp.
(Incorp. Mar.8 1912.) Owns entire common stocks of the following companies (V.94, p. 1388. 1696. Compare also V.97. p• 726.)
Harrisburg Lt. & Power Co.
United Gas & Elec. Co. of N. J.
Houston (Tex.) Gas & Fuel Co.
Lancaster iPa.) Co. Ry.& Lt. Co.
Consumers Electric Light & Power Union Gas & Electric Co. of BloomCo., New Orleans.
ington, Ill.
United Gas & Electric Engineering Corp.
-This company was organized
In 1913 for the purpose of acting as consulting, contracting and operating
engineers and as purchasing agents for the United Gas & Electric Corp.
and the American Cities Co.
Also owns 57.56% of the common stock of Internat. Trac. Co.. Buffalo.
N. Y. (see latter company on preceding page under Buffalo): has obtained
over 95% of the common stock of American Cities Co. (see under New
Orleans).
Purchase of American Cities Co.
-The company has obtained over 95% of
the corn. stk. of Am. Cities Co. (see under New Orleans) by issue of $75 of
graduated 2d pref. stock and $25 corn. stock for each $100 corn. share of the
American Cities Co. The shareholders also authorized the increase of auth.
capital stock from 545,000.000 (520,000.000 corn, and 525,000.000 pref. )to
657,500,000, by the issue of $12,500,000 2d pre. stock ($100 par value).
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
3
5 ,7
9:445 0
$12,245,000 see text.
Common $24,000,000 ($100)A-0
Prof $25,000,000 ($100) 6%1 -___
to Apr 1 '15&7% after
cum
2d pref$12,500.000($l)0)---------11.619.500
6,264.000 Oct 1 1915
Cony notes $7,500,000 golcU 1912 5 g A-0
clInt. at Central Trust Co., N. Y., trustee.
($1,000)
Stock.
-$168.200 pref. and 55.900 corn. stock is in treasury. The 2d
pref. stock is to bear cum, diva., viz., 2% per annum in 1914. 3% in 1915.
4% in 1916,5% in 1917 and 6% thereafter, and will be entitled to a preference over common in event of liquidation and subject in all respects to priority over present pref. stock. See V.97, p. 597, and V.97. p. 888.
-Cony. notes of 1912 may beconverted into Ist pref.stock,$for$,
Notes.
on or after April 1 1914. Remaining 81,236,000 notes are for additions,
betterments, acquisitions of new properties, &c. All the stocks of subsidiary cos. owned constitute the security for the notes. See V.94. p. 1696.
Dividends on Pref.-An initial div. at rate of6% per ann.(for period June
6 to Sept. 30 1912) was paid Oct. 1 1912. In 1913, April. 3%; Oct., 3%.
In 1914, Apr.,3%; Oct. div. was not paid.
-Calendar years:(Compare V.98,P. 1158)
REPORT.
Total Income. Int.on Notes. Pref. Div. Bal., Sur.
Calendar Year6326,022
5556.188
5302,225
51,184.435
1913
318.340
555.288
275,000
1,148,628
1912
This includes the equity in the net earnings from sub. corps., whether
actually received in the form of divs. or not. Of the 6326,021, the proportion added to surplus account of sub.cos. not declared as divs. was 6308,251:
from the last-named amt. and the previous accumulations of surplus of
sub. cos . there were charged during the year various amts. on acc't of
extraordinary expenditures not directly applicable to the operations for
the year. of which the proportion corresponding to the holdings of this conporatioq is 6163,838.
-Ps., R. E. Griscom, S. J. Dill
OFFICERS.-Pres., Geo, Bullock; V.
and G. H. Olney; Sec. & Asst. Treas.. Henry Morgan' Treas., Hugh J.
-V'. 97. p. 528, 597.
ec
Asst. S.& Asst. Treas., M. D. Evans.
Pritchard;
726, 888, 952. 1824; V. 98, p. 1158; V. 99, p. 267.
(1) United Gas & Electric Co.
ORGAN IZATION.-Incorp. in Dec. 1901 in New Jersey. All the common stock was acquired by the Susquehanna Ry. Lt. & Pow. Co., which
on June 6 1912 was consolidated with United Gas & Electric Corp. Owns
and controls the following as, railway & electric properties:
Altoona (Pa.) Gas Light
uel Co. Leavenworth(1.n.) Lt.. H.& P.Co.
Cit. Gas & Fuel Co., Terre Wte,Ind. Lockport(N.Y.) Lt. Ht.& Pow. Co.
Colo. Spgs.(Col.) Lt. Ht.& Pow.Co. Richmond (Ind.) Lt. Ht.& Pow. Co.
Wilkes-Barre (Pa.) Co.
Elmira (N. Y.) Water Lt. & RR.
Hartford (Conn.) City Gas Lt. Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock common $4.000.00053.572.250
See text.
Stock preferred 81.500,000_
1,172,150 July'14. 23i
First mtge $3,000,000 ($500)( 1902 5 g J-J
658,000 Jan 1 1922
and $1,000) gold_ __ --cntflInterest at New York Trust Co., Trustee.
Securities of controlled Cos.Altoona Gas Co 1st mtge 1902 5 F
-A
750,000 Aug 1 1932
$750.000($500&31,000) c*tflInt, at New York Trust Co.. N. Y.. trustee.
Altoona Gas L & F 1st ref MI1912 5 J-J
75,000 Jan 1 1942
$1,500,000 g($1.000&$100) Girard Trust Co., Phila.. Trustee.
Cit G & Fuel 1st M $500,000 t 1902 5 A-0
283.000 Oct 1 1922
Citizens G & F 1st ref M $2.- 1910 5 J-J
516,500 Jan 1 1960
000.000(61004500841,000) Lat. at New York Trust Co.. New York.
red as a whole@l0aint-tf
Trustee.
Col Spgs El Co lstM($1.000.- 1900
5A-0
1.000.000 Apr 20 1920
(100) red at 110 & int Ott New York Trust Co., New York, T 1 1 9.
.
A prilnist4T
Col Spgs Lt & Pow 1st mtge
$300,000($500&$1,000) ctf tint. at New York Trust Co., N.Y..Trustee.
Col Springs L H & Power lstf 1910 5 g F
-A
1.305.000 Aug 1 1920
& ref mtge $3,500,000 gold Interest at New York Trust Co.,
Trustee.
($100. $500 & $1,000)-c*tf
M.N. Buckner is also Trustee.

88

ELECTRIC RAILWAYS

[VOL.

xcix.

Below will be found tables giving a complete list
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
of the subsidiary
companies with the outstanding capital stock and
Elmira Water, Light & RR. Co.
bonded
5 g A-0
$355,000 Oct 1 1914 the amounts thereof owned or contracted for by the Cities debt of each and
West Side RR gold first mtgei 1894
Service
The
(closed M)_ _cntf Int at ChemunKCanal Tr Co,Elmira, Trust. holdings of the Consolidated and Utilities companies are includedCo.these
($1,000)
in
1,661,000 Jan 1 1949 tables, having been taken over by the Cities Service Co.as of Nov.
Elmira W L & RR 1st mtge__ 1900 5 g J-J
In May 1914 shareholders ratified an increase in the stock from 11913.
gold ($1.000 and 5500) Int. at U.S. Mtg.5c Tr. Co., N.Y.. Trustee.
Subject to call at 105 and interest.
C5 tf
000(530,000,000 pref- and $20.000,000 common) to 565,000.000 550,000,(closed M)
(540,000,5 g M-S
2.984,000 Sept 1 1956 000 pref. and $25,000,000 common).
Elmira W L & RR 1st con M 1906
$5,000,000 ($1,000) gc5tfjInterest at New York Trust Co., Trustee.
STOCK (par
Date. Interest. Outstanding.
Maturity.
Gas Lt 1st M 1905 4 J-J
750,000 July 1 1935 Common stock.$100) ETC.- -___
Hartford City
Monthly $15,718,380
525,000.000See text.
$1,000,000 ($1.000)_ _ _esti Int. at Conn. Tr.& S. D. Co., Hartf., Trus. Pref stk.6% cum.
2 :0 08:006 maS n text.
8 3 042
7 6
5.40,000,000 --- Monthly
0
yee
5 M-S
675.000 Sept 1 1923 Convert notes.
Leav L H & P 1st M $1,000.- 1908
$10,000.000-- 1913 7 J-J
000(51003500&51,000)e*tf Int. at New York Trust Co., N.Y.,Trustee.
Stock.
-The outstanding capital stock above is shown on the basis of a
-A
300,000 Feb 1 1920 complete exchange
Lock G & El 1st M $300,000 1900 5 F
of the stocks of the Consolidated and Utilities companies
ctf Int. at Tr. Co. of Amer., N.Y., Trustee.
($1,000)
per
450.000 Jan 1 1938 and plan of Dec. 1913. The pref. stock is preferred both as to principal
Lock L H & P 1st ref $750.- 1908 5 J-J
dividends.
000 ($500 & 51,000)_c*tf Int. at New York Tr. Co., N. Y., Trustee.
Dividends.
5 M-S
---Dividends on both stocks were begun in January 1911.
400.000 Mar 1 1939
Rich L H & P 1st M $3,000,- 1914
000($100,5500&51.000)c&rtf lint, at New York Trust Co., N.Y.,Trustee. Rate Feb. 1 1911 to Jan. 1912, on common. 3% per annum (% of 1%
monthly);Feb.1912 to Jan. 1913,4% per ann. (1-3 of 1% monthly); Feb.
f Demas Deming is also Trustee.
red © 105 & int
450.000 Mar 1 1919 to Nov. 1913,5% Per ann. (5-12 of 1% monthly); Dec. 1913 to July 1914.
Rich L H & P notes $500,000 1914 6 g M-S
($1,000, $5,000 & $10,000) Int. at Penn. Co. for Ins., &c., Phila., Trus. 6% per annum (% of 1% monthly); on pref., 6% (% of 1% monthly).
Payments on both common and preferred have been deferred (incl. payments
Demas Deming is also trustee.
e&rtf
red at 101 & int
1.687,300 July 1 1960 due Aug. 1 1914) on account of present financial conditions. See V. 99,
W-BC0 Ist&refM 57,500,000 1910 5 g J J
P. 673. 466, 406.
g(2100,5500541,000)c*&rtf Int. at Girard Tr. Co.. Phila., Trustee.
vr_ii G s B 1st cons IN4 $3.- 1905 5 g J-J
t
3,000,000 Jan 1 1955
NOTES.
-Of the 7% 5
-year notes (510,000,000 authorized issue), $5,000,000 g($ ,
_c5&rtf Int. at Fidelity Trust Co., Phila., Trustee. 000.000 have been sold, of these 53.000.000 in London. They are redeem* Of which $120.11110 in treasury.
able at 102 and convertible into pref. stock at par. No additional indebt-Of Altoona Gas Lt & Fuel 1st ref. bonds, $750.000 are reserved edness is to be incurred except to provide for retiring the notes. V.96.P.1775.
Bonds.
for prior liens and $175,000 are in the treasury. Citizens' Gas & Fuel
In March 1914 the Denver Gas & Electric Light Co. issued 53.500,000
first mtge. of 1902 is a closed mortgage. Of Citizens' Gas & Fuel first notes.
s of Consol. Cities Lt.,Power & Traction Co-These bonds remain out
& ref. bonds. $283,000 reserved to retire underlying bonds and $1,200,000
are for acquisitions, exten.. impts.• &c., and can only be issued at 85% of as a lien on the securities pledged therefor (see * in the table following).
cost of same. Demos Deming is also trustee. $1,300,000 of Colo. Spgs. The bonds are subj. to call at 105 on any Int. day. From Jan. 1 1918
bonds reserved to retire underlying bonds and the company will In each year either (1) pay to s. f. 1% of
L. H. & P. Co. 1st & ref.
bonds out or
$895,000 are for add'ns, eaten., &c.,at 85% of cost thereof. Red. at 105 (2) deliver to trustees bonds of the present series equivalent at 105 and int.
and int. on any int. day on or before Feb. 1 1917 and at 102% and int. on to the above payment or (3) expend for construe., acquisitions or impts.
any int, day thereafter. V. 91. p. 466, 1097. Leavenworth. Lt., Heat & a sum equal to twice above skg. fd. All cash in skg. fd. will be applied
Power 1st M. bonds are redeemable at 105 and int. on any int. date. $325,- either (1)in retiring these bonds at or under 105 or (2) in purchasing bonds
000 bonds reserved for acquisitions and impts. at 85% of cost thereof. of companies whose stocks form part of security for present series. All
Lockport Light, Ht. & Pow. 1st ref. bonds are redeemable on any int. date bonds so retired or purchased will be kept alive for skg. fd. subject to comat par and int. $300,000 reserved to retire alike amount of 1st M. bonds. pany's right to re-issue such last-mentioned bonds to a nominal amount,
Of the Wilkes-Barre Co. 1st & ref. M., $3,000,000 are reserved to retire equal to 50% of its expenditure undcr (.5% above. See also V.95. p.679.110.
Wilkes-Barre Gas & El. bonds.$2,444,000 for exts., impts., &c., and $368.- Consol Cities Lt,P & Tr Co.
700 are in treas. $1,537,300 of the bonds out,are guar., p.& i., by endorseFirst lien mtge, gold (see1 1912 5 g 3-.1 410,000,000 July 1 1962
Ry. Lt. & Pow. Co. Subj. to call on any int. day at 105
ment by
text) ($100. $500 & $1.- Int. at office of H.L. Doherty & Co., N. Y..
V. 91,
and int. Susq. p. 658. Wilkes-Barre Gas & Elec. bonds are subj. to call
000 or z equivalent)_e* I or Lloyds' Bank, Ltd., London.
on 3 months' notice.
at 110 and int.
Bankers Trust Co.. New York. Trustee°
(%1 0.000.000 auth
.
-On pref. 5% has been regularly paid since incorp. On cont.,
Dividends.
x $3.000,000 of this amount is owned by Cities Service Co.
in 1905, 1906 and 1907. 4%; in 1908 and 1909. 2%; in 1910, 4%; in1911.
CAPITALIZATION OF SUB. COS -The following table shows the
4%;in 1912, 4%;in 1913, 4%%;in 1914, 5%.
-Year end. Dec. 31 1913. earnings (less expenses). $389.- capitalization of the subsidiary companies owned and contracted for and
EARNINGS.
the amounts thereof owned or to be owned by the Cities Service Co. under
945: interest, $31.011; pref. div., $58,605; surplus, $300,329.
-Combined properties slid an output during year 1913 of existing contracts:
PROPERTY.
1.706.822,000 Cu. ft. of art. and 806,873,100 of natural gas and 72,466,535 Capital Stock of Subsidiary Companies Owned or Contracted for by Cities
k. w. electricity. On Dec. 31 1913. 68,236 gas and 20,508 electric meters
Service Co. Aug. 1 1914 [Par of shares: a $100; b $50: c $251 Also
were in use. On same date properties had 598.34 miles of gas mains.
Bonded Debt of Subsidiary Co's of Some Date.
-Ps., Richard S. Storrs and S. J.
OFFICERS.-Pres., George Bullock; V.
-Bonded Debt---Stock
Henry Morgan; Treas.. H. J. Pritchard; Asst.
Dill; Sec. & Asst. Tress..
Bonds
City Service
Amount City Sao.
-V.93, p. 1283.
Sec. & Asst. Treas., M. D. Evans.
Outstanding. Company. Outstanding. ice Co.
$
$
(2) Harrisburg Light & Power Co.
II
ORGANIZATION.-Incorp. July 1912 to take over the Harrisburg *Alliance Gas & Power Co- 463,500
a550.000 99172
Light. Ht. & Pow. Co. and Paxtang Elec. Co., whose franchises are per- Amarillo St. Ry. Co
125,000
125,000
a212.000 99.784
petual. In Feb. 1913 the Harrisburg Lt. & Pow. Co. purchased the Har- Arkansas Valley Gas Co..
a150,000 99.533
risburg Steam. Heat & Pow. Co. In Aug. 1913 acquired Steelton Lt.. Ht. Athens Ry.& Elec. Co
735.000
a750.000 98.280
Preferred stock
& Power Co. V. 97, p. 179. Stock auth. and outstanding, $1,750,000
a300,000
common and $1,250,0006% cum. pref. stock. All the common and 43.01% Bartlesville Gas & Oil Co_
0300.000 99.958
Bartlesville Int. Ry. Co
of the pref. owned by the United Gas & Elec. Corporation.
217.500
c143.550
99.808
425,000
Interest. Outstanding. Maturity *Bristol Gas & Electric Co_
a300,000 97.666
Date.
BONDSBrush Electric Co
1.500.000
1.339,000 a2,000,000 99.865
$1,000,000 July
1924 Buckeye State
Harrisburg Light Ht & Powerf 1899 5 J-J
Gas & Fuel_
a200,000 99.65
'Commonwealth Tr. Co. Harrisb., Trustee.
first mortgage
*Citizens' Gas. Elec.& Ht_
216.000
'
a200,000 92.5
-A
1,985,000 Aug 1 1952 *City
5g F
2
Harrisburg I.& P 1st & ref M} 191
Light & Traction Co. 670,000
172.100 01.000.000
99.95
510,0,000 g ($100. 5500 Fidelity Trust Co., Philadelphia, Trustee.
00
Preferred stock
a400.000
c*
and $1,000)
*City Light & Water Co
300.000
a1,000.000 99.85
-Of the Harrisburg Lt. & Pow. 1st 8c ref. bonds, $1,000.000 are
Bonds.
Preferred stock
,
reserved for prior liens. $7,015,000 for impts., extens., &c., under certain Columbus Nat. Gas Co
80,000
58.200
a400.000 89.375
-V.95,p. 239.
restrictions. Red. at 105 and int. on any int. day.
Coshocton Gas Co
42,000
11,000
a80,000 99.25
Preferred stock
(3) Consumers' Electric Light & Power Co.
a16,000 100.00
*Cumb.5zWest.El. Ry.Co. 655,000
Operates an electric light and power system in New Orleans.
6625,000 85.84
Interest. Outstanding. Maturity. Danb.& Beth. G.&ELLtOo 150,000
STOCK AND BONDS- Date.
0400.000 99.938
Elec. Corp.
Denver Gas & El. Lt. Co. 10.669,901)
'
'
.
Common $1,000.000
All owned by United Gas &
el0,000,000
99.8755
.5500.000
*Dominion Gas Co
4,200,000
Preferred $500,000 (7. cum)- -.-1.950,000 a3.000,000 100.00
%
1.526,000 Jan 1 1936
Sub.co's secur. not owned
5 g J-J
First mtge $2.500.000 gold 1911
99.800
97,540
Preferred stock
500
($100,$500 and $1,000)_c*lInt. at Columuia Tr. Co., N. Y., Trustee.
Durham Traction Co....- 350.000
*All owned by United Gas & Electric
a300,000 94.73
Preferred stock
Stock.
-Preferred stock 7% cum. from April 11913.
Corp.
a200,000 1800
00.. 0
0
ID
Bonds.
-$74.000 in treasury. Remaining bonds are for extens., impt. Elyria & Lorain
w
100%
and betterments. Subj. to call at 105 and int. No sinking fund.
Preferred stock
w
100.00
(4) Houston Gas & Fuel Co.
Empire Dist. Elec. Co
4,957,500
a3,000,000 99.95
Entire corn, stock is owned by United Gas & Elec. Corp. Does entire Empire Gas & F. Co. of0_(17,500.000 64.07
' - -•
gas business of Houston and vicinity. Has acquired Houston Gas Co Glenwood Natural Gas Co_
300.000
a750.000 99.933
Franchise runs until June 30 1940 and fixes the prices for gas at $1 per 1,000 *Knoxville Gas Co
441,000
a300.000 86.066
cubic feet.
Preferred stock
al00.000
BONDS- Date.
STOCK AND
Interest. Outstanding. Maturity. Manufacturers' Gas Co_
a800,000
99.912
Common $1,500.000
$1,500,000
Mansfield Gas Light Co..
45,000
536,500
99.04
7 Q-J
Preferred (cum) $500,000____ ____
500.000
Preferred stock
598,500
Ref & impt M $6,000.000_ -- 1912 5 M-S
350,000 Sept 1 1932 *Massillon Elec.& Gas Co_
244,000
a5oo.000
99.86
Houston Gas first mortgage_ _ - 1905 5 M-S
961,000 Mar 1 1920 Medina Gas & Fuel Co
150.000
150,000
a400.000
99.875
-Preferred stock is callable at 110 and dividends.
STOCK.
*Meridian Light & Ry.Co-y1.944,000
a2,000,000
99.85
-Additional bonds can be issues only for 80% of cost of extens. Hattiesburg Trac. Co
BONDS.
474,000
and impts. when annual net earnings are double the interest on bonds, Neosho Elec. Light Co_
a20.000 98.50
-V.96. p. 289.
including those to be issued.
Producers' Nat. Gas Co_
a200,000 99.75
(5) Union Gas & Electric Co.
Gas
700,000
a3,000,000 99.310
ORGANIZATION.-Ineorp. July 6 1899 under the laws of Illinois for Quapaw Gas Co
Reserve
Co
2,800,000
2,800,000 a1,000,000
99.95
99 years. Acquired physical property, franchises and capital stock of the Salina Lt., Pow.& Gas Co. 200,000
a500,000 99.90
Bloomington Gas Light Sr Coke Co. and the Citizens' Gas Light & Heating *Southern Ont. Gas Co.
.Ltd 3,000.000
a4.000.000 99.875
All corn. and pref. stock owned by United Gas & Elec. Corp.
Co.
Southw. Okla. Gas& F.Co. 350.000
350,000
a500.000 99.9
Interest. Outstanding. Maturity. cSpokane Gas & Fuel Co
STOCK AND BONDS- Date.
1.345,000
a2,000,000
99.935
$750,000
Common stock $750,000----- ---_
Preferred stock
300.000
- --..
250,000
Pref stock (7%) $250,000--93.751
326.000 a3.500.000
5"
7%1st 7
533,000 Sept 1 1935 St.JosephRy..Lt.,Ht.&PCo 5.236,000
mtge $750,000 ($1,000)-- I 1905
Preferred stock
1,560,000
'Int. at First 'fr. & Say. Bk., Chic., Trustee. Toledo Trac. Lt.& P.Co
017,966,300
37.659
7,878.000
-The $200,000 additional bonds can be issued for 75% of cost
Bonds.
Preferred stock
a6.482,000
3.85
of extens. & impts. when net earnings are twice lot .on bonds, incl. those
*Toledo Rys.& Lt. Co
2.704.000
105 and int. on any int. date. Ann. sink, fund of
to be issued. Red. at
Other sub. co's securities 1.800,000
1.992..7
9 4n
5% of gross earnings on and after Oct. 1912. Up to June 1914 $17,000 *Trumbull Pub. Serv. Co_
al.500,000 86.62
898,000
retired.
Preferred stock
a200.000
United Wat.,Gas& El.Co. 899,500
a700,000
99.91
Preferred stock
91.48
a350,000
CITIES SERVICE COMPANY A holding company.
Delaware Sept. 2 1910 as a hold- Wainea & Root Gas Co_
-Incorporated in
a200,000 99.75
ORGANIZATION.
250.000
250.000
a500,000 99.7
ing company, per plan in V. 91,p.656,and acquired control of Denver Gas Washita Gas & Fuel Co
300,000
300.000
a300,000 99.833
& Electric Co. (see that company) and the Empire Dist. Electric Co. Or- Watauga Power Co
Co., New York
Western Distributing
al75,000
94.857
ganized and managed by H. L. Doherty & acquired contractsUnder a re- Western Okla. Gas & Co_
for the conF.Co. 100,000
100,000
al00,000 99.50
arrangement of properties made in Mar. 1913
Wichita Natural Gas Co
465,000
a3,000,000
95.018
trol of the St. Joseph (Mo.) Ry.,Lt., Ht.& Pow.Co.,Empire District Gas *Wichita Pipe
Line Co
96. p. 656, 718.
a2.000,000
99.865
Co. and Danbury & Bethel (Conn.) Gas & Elec. Co. V.Co., Consolidated Consul. Cities Lt. P.& Tr. 2,000.000
On Dec. 11 1913 the directors of the Cities Service
Co. bds. secur,by pl'geof
Cities Light Power & Traction Co. and Utilities Improvement Co. unanicom.stk. in cos. marked*10,000,000
3,000,000
mously confirmed a proposition submitted by Cities Service Co. to acquire
the other two companies as stated in V. 97, P. 1732. By this plan the
Total
70.477,200 11,131.300 80.254,940
stockholders of Utilities Improvement Co. surrendered (1) their pref. stock
z "Contract for shares owned."
and received Cities Service Co. pref. stock therefor. share for share: also
*The stock owned in
(2) their common stock and received one share of common stock of Cities 510.000.000 bonds of thethese companies is largely pledged to secure the
Consolidated Cities Lt., Pow.& Trac. Co.
thereof. Stockholders of Consolidated Cities
Service Co.for each two shares
io Application being made to Commission for securities which will be the
Light. Power & Traction Co. likewise surrendered their stock and received
one share of Cities Service Co. common stock for each two shares thereof. property of Cities Service Co. according to percentages shown.
x The controlled companies of the Dominion Gas Co., which owns all of
The 5% bonds of Consol. Cities Lt..Pow. & Trac. Co. remain outstanding. See full particulars regarding the Consolidated and Utilities com- their capital stock except $500 pref. and $97.540 common, and all of their
bonded debt,except the amounts here shown, are the following; Beaver Oil
panies in the issue of this Section for Sept. 27 1913.
Cities Service Co. thus became one of the largest American public utility & Gas Co., Brantford Gas Co. (bonds, $18,800), Dominion Natural Gas
holding companies. The gross revenue of its subsidiary properties for the Co., Ltd. (bonds. $75.000), Enterprise Gas Co., Ingersoll Gas Light Co..
past year was stated in December 1913 as more than 518.000,000. and their Norfolk Gas Co.. Port Rowan Natural Gas Co., Thorold Natural Gas Co..
net earnings from operation are said to be more than 2% times the total United Gas Co., Ltd., and Woodstock Gas Light Co.(bonds, 56.000)•
interest charges on underlying bonds and other indebtedness. salsgise
y Coupons clipped on $210,000 to and incl. Mar. 11915.




SEPT. 1914.I
)

ELECTRIC RAILWAYS

EARNINGS OF CITIES SERVICE CO.
-The 12 months' statement
ending July 31 1914 compares as follows:
Earnings as Reported for the 12 Months ending July 31 and Month of July.
Month o,
12 Mo. end. 12 Mo. end. Month of
July 31 '14. July 31 '13. July 1914. July 191 .
Gross earnings
$271.637
$127,087
$3,543,737 $1,487,345
Expenses
74,582
8.962
7.490
97.269
Net earnings
$262,674
$119.597
$3.446,467 $1,412,762
Interest on notes
Ji. 4
40.833
13.092
320.991
Divs. on pref. stock_ - _ 1,422.124
699.304
x136.833
63.538
Divs, on common stock_
326.354
702,686
33.559

stoek C1 0 1D BONDSSTO3 § A 0
51 0

89

Interest. Outstanding. Maturity.
Date.
$500,000
1st mtge $300,000 ($1,000) 1908 6 J-J
270.000 Jan 1 192S
gold
452,500,00cscOt St1a9nitla2 rd Trust Co., New York. Trustee.
o gold
Gen lien mtge
J-J
204.000 July 1 1952
($1.000)
c cpt_lCity Bank & Tr. Co., Mobile. Ala., trustee.
Bonds.-Skg. fd. retires 1st mtge. by purchase $5.000 bonds annually, beginning Jan. 1 1909, at a premium up to a5% basis; bonds cannot be called.
V. 87, p. 97; $30.000 have been retired.
bonds, $300,000 are
reserved to retire 1st mtge. bonds. BondsOf gen. lien at 105 & int. on any
are
int. date. Int. at office of trustee and office ofcallable
H. L. Doherty & Co., N.1.
Sinking fund, 1%, begins July 1 1916.
ROAD.
-Has completed 7.34 miles of track. Began operations Sept. 12
Net to surplus
A369,199
$85,008
$1,000,666
$9,407 1909. New power
house with 825 k. w. capacity put in operation Sept. 1
z July 1914 pref. dividend "accrued.'
The "earnings" as here shown include both the dividends and interest 1909.
OFFICERS.-Pres., Henry L. Doherty. N. Y.; V.
received and the company's proportion in the undivided surplus earnings
-Ps., C. Z. Stevens,
of the subsidiary companies for the periods in question, based on its holdings Mobile. Ala.. and S. E. Travis. Hattiesburg: Sec. & Treas.. A. B. Paterson.
Meridian, Miss.; Asst. Sec. & Asst. Treas., C. B. Gilbert; Gen. Mgr., H.
in said companies.
F.
Wheeler, Hattiesburg.
-V.88, p. 624; V.93, p. 731; V. 95. P.67 .
OFFICERS.-Pres., H. L. Doherty; Sec.. Paul R. Jones; Treas.. Louis
9
(6) Toledo Traction. Light & Power Co.
-V.96. p. 1775: V. 97, p. 179.
F. Musll. New York office, 60 Wall St.
364. 1732. 1821; V. 98.p. 303,386.911, 1070, 1244; V.99.p. 406,466,673.
ORGANIZATION.-Incorp. in Maine on
31 1913 to
stock and bonds of the Toledo Rys. & Lt. Jan. connection acquire the
-A trolley road.
Co.
with the re(1) Athens (Ga.) Railway & Electric Co.
organization of that company per plan in V. in
95, p. 1040: V. 96. p. 361.
-Incorporated in Georgia on April 1 1910. Pur- Has acquired about 85% of
ORGANIZATION.
its stock.
99 years from Oct. 1 1910 the
chased Athens Elec. Ry. Co. Leased for
The Toledo Rys.& Light Co. approximate
s 117 miles of street railways in
James White Power plant. V. 90, p. 1101, 1423. Owns and operates Toledo. also electric lighting, power
and gas business in the city and subentire street railway, electric light and power systems in Athens. Fran- urbs. The subsidiary companies own
about 125 miles of interurban lines.
chise perpetual. Total equipment affords 7,000 hydro-electric h. p. and The Traction, Light & Power Co.
also owns entire $500,000 outstanding
3.000 h. p. from steam-turbine plant.
capital stock and $500,000 cons. mortgage
434% bonds of Maumee
Interest. Outstanding. Maturity. Railway & Light Co.; $450,000 first mortgage 5% minds and all Valley
STOCK AND BONDS- Date.
of the
Stock, corn $750,000 ($100)-$750.000 Sept 12, 1% $500,000 capital stock of the Toledo Ottawa Beach & Northern Ry.; all the
$2,000.000 stock of the Toledo & Western
Stock, pref (5%. cum) $300.Ry.; entire $10,000 stock
Q-J
300,000 Oct'14.13/4 % Ottawa Park St. Ry., which owns a short line running to Ottawa of the
000 ($100)
Park.
1st & ref M $2,000.000 golds 1910 5 g J-J
335,000 July 1 1950 and entire stock of the Adrian St. Ry.(4 miles), operating in Adrian.'Mich.
sinking fund ($1,000)c5 cp Int. at Farmers' Loan & Tr. Co.. N.Y.. Tr.
Franchises.
-The principal street railway franchises of the Toledo Rys. &
Athens Electric Ry 1st M 1896 6 g J-J
12,000 July I 1911 Light Co. having expired, the
company is negotiating with the city for a
$100,000 gold ($500)_c cot Columbus Savings Bank, Columbus, Ga.. olanket franchise covering
trustee. Interest at Columbus or Athens. power and gas and heating all its street railway lines. Electric light and
franchises unlimited in time. Interurban roads
Athens Electric Ry new 1st 1901
6 g A-0
388,000 Oct 1 1916 mostly on private right-of-way; elsewhere
franchises are satisfactory and
mtge $400.000 ($1.000) Interest at Title Guat.& Trust Co., Atlanta, extend beyond Feb.
1918.
Trustee, or Old Colony Trust Co., Boston.
gold
c*cpt
On March 30 1914 Judge Killits denied
the application to enjoin the enStock -Preferred stock is redeemable at 105.
forcement of the ordinance providing for 3
-cent fares, largely on the ground
Bonds.
-01 the 1st & ref. bonds, $400.000 are reserved to retire under- that the matter is one
for the State courts. V. 98.9. 1073.
lying bonds, the remainder for acquisitions and improvements at 75% of
OnAug. 14 1914 Judge
cost, but only when net earnings are 1% times int, on all bonds out and of the company ordered Kinks on the further hearing of the application
the city to prove that the terms of the ordinance
those to be issued. $105.000 are in treasury. Sinking fund of 1% begins are reasonable. On
Sept. 12
in 1915. Bonds are subject to call July 1 1915 at 110. V. 93. p. 665.
unfair and confiscatory and 1914 Judge Mints held that the ordinance i$
granted a temporary injunction
Athens Elec. Ry. new 1st M.,entire issue, but no lesser part, may its enforcement.
Of the
The temporary fare schedule which was inrestraining
operation
be called at 106 and int.; $12.000 reserved for old bonds. See V. 73. p. 1311. prior to Mar. 27 1914 was
Dividends.
-On pref.. 5% per annum in 1911 and 1912. In 1913. Jan., In force pending further put into operation Sept. 15 1914 and will remain
franchise negotiations. viz.: 3 cents from 5:30 to
2Si%; July. 1 %. In 1914. Jan.. 1 Ji%; April, 13.i %; July,1 Y,%;Oct., 7:30a. m.and 4:30 to 6:30 p.
m., with six tickets for a quarter; other hours,
1 h," 'r.. On corn.. 1st div., 1%. paid May 11912; Sept.. 1%. None since. V. 99, p. 818.
On Aug. 4 1914 a city election was
-Owns 10 miles of track. 40
ROAD.
-lb., 60
-lb. and 70
-lb. T and girder
to decide
38,000.000 of bonds for the purchase of heldcompany on the issuance of
-p. capacity.
rails; 16 motor cars; power plants. 10.000 h.
the
by the city. A ma1.159
OFFICERS.-Pres.. Jas. Y. Carithers; V.
-Ps., C. 13. Flanigan and jority of the votes in favor of the bonds was cast, but there is doubt as to
whether
ordinance required a bare majority or two-thirds of the votes
F. W. Frueauff; Sec. & Treas., C. D. Cox. Office, Athens. Ga.-V. 94, cast.
p. 1762; V. 95. p. 1038; V. 96. p. 1838.
For details of the negotiations with the city, see
V. 98. p. 1073.
On May 22 1913 the Ohio P. S. Comm.
(2) Bartlesville Interurban Re.
set aside the action of the City
-Organized Dec. 8 1905 under laws of Indian Terri- Council. which (on Jan. 29 1912) granted the company a new franchise for
ORGANIZATION.
tory. Satisfactory long-term franchises . Serves Bartlesville, Smelter 5 years, but made the flat rate of 70c. per 1,000 cu. ft. for artificial gas for
both illuminating and fuel. The
Town and Dewey with railway, electric light, gas and power.
for gas for illuminating purposes. Commission allowed the old rate of 90c.
V. 96. p. 163.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Reorganization Sustained.
-On May 16 1913 Judge Kinks in the U. S.
Stock $300,000 ($25).
$143,550
District Court handed
Bart Interurb 1st M $250,0001 1910 6 g J-J
217,500 July 1 1934 directors and officers ofdown a decision sustaining all acts of the board of
the Toledo Rys. & Lt. Co., nominated by Henry L.
arr-cptlInterest at Trust Co. of America, New York. Doherty dr
gold ($500)
Co.,
-Remaining Bartlesville Interurban bonds are reserved for addi- reorganization and declaring their election legal, thus upholding the recent
Bonds.
of the company and giving control to Doherty & Co.
tions and betterments. Subj. to call at 102 and int. on any int, date on 6
STOCK AND BONDS- Date.
months'notice. Citizens' Baru & Trust Co., Bartlesville, Trustee. V.93,
Interest. Outstanding. Maturity.
Common $9.200.000 MOW_ _
p. 795.
69.166,300
.
Prof68,000.000($100)6% cum ____
See text
'0°
7.688,
000
63
-Owns and operates 8.7 miles in and between Bartlesville and First lien $7.500.000
ROAD.
(61.000)1 1913 6 F
-A
6.678.000 Feb 1
Dewey. Standard gauge. 60
-lb. rails. V. 95, p. 1402.
(red at 101 and int)_c*cpt Int. payable in N. Y. N. Y. Tr. Co., 1918
trust.
OFFICERS.
2nd lien $1.200,000cot 1913 6 J-J
-Pros.. H. L. Doherty; V.
-P., F. W. Freuauff; 2d V.
-P.,
1.200,000 Jan 1 1918
J.J. Curl;3d V.
-P.,S.B.Irelau; Sec.&'I reas.,It. Marsden.
-V.95,p.1402.
Redeemable at par and int. on any int. date.
Tol Rys & Lt unexch'd bds cp
See text
(3) Cite Light & Traction Co.
Toledo Gas Elec & Heat Cot 1905 5 A-0
2.013.000 Oct 1
mtge 62,500.000 ($1,000,)Interest at Ohio Savings Bank & Trust 1935
ORGANIZATION.-Incorp. in July 1912 in Missouri as successor to the
Co..
$500 and $100) not red_ _ _
Sedalia Lt.& Trac. Co.,sold at foreclosure. V.95. p.419. See plan under
Toledo. Trustee.
Toledo Gas Lignt & Coke Cot 1898 5 M-N
Sedalia Lt. & Trac. in V. 94, p. 1058.
150.000
See text
$150,000 ($1,000) guaran- Int. at Second Nat. Bank,Tol.; C.F.Adams,
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
teed prin and int
care Second Nat. Bank. Toledo. Trustee.
Common $1,000,000
See text
Tol Heat & Ltg Co $500.000 1901
5 J-J
336.000 Jan 1 1921
Prof $500.000 (see text).
$400,000
($1,000) guar prin & int_ _ _ Int. at Secur. Say. & Tr. Co., Tol., Trustee.
First mortgage $2.500.000-cpt
670,000
300,000 Mar 1 1920
Divs. on pref. were paid for the year 1913 at the rate of 1% and increases Toledo & Maumee 1st mtge 1895 5 g M-S
$300,000
Int. at Metropolitan Tr. Co.. N.Y.,trustee.
by I% each year until 5% is reached. Divs. are guaranteed by Gas Securi5 g J-J
1.250,000 July 1 1926
ties Co. Prof. stock is convertible into bonds, $ for S, for a period of 7 T & W Ry 1st mtge 61,250,4 1901
000 gold ($1,000) no sf and Int. at Cleveland Tr. Co., Cleveland, Trusyears under certain restrictions.
-V. 95, p. 419, 1683.
cannot be called
tee, or at Nat. Bank of Commerce, N. Y.
Tol Fay & W 1st M $250.- 1902 5 g J-J
(4) Cumberland & Westernport Electric Re.
250.000 July 1 1927
-A trolley road.
gold ($1.000)
ORGANIZATION.
c* Int. at Cleveland Tr. Co.0
Cleveland, Trus-Organized in Maryland on
Act of the Legislature,as successor to the FrmtburgApril 11 1902 by special
tee or at Nat. Bank of Commerce, N. Y.
Eckhart & Cumberland
Ry Has absorbed the Lonaconing Midland
.
STOCK.
-31,200,000 of t e common stock reported as outstanding
& Frostburg By. and the
"Westernport & Lonaconing.
above is reserved to secure second lien notes. Of the pref. stock $1,200,000
Strike.
-The strike of the motormen
is deposited to secure second lien notes as outstanding above.
Aug. 18 1914 was ended Aug.27 1914,the and conductors in effect since
Cities Service Co. owns 37%% of the voting trust certificates
of 26 cents an hour. V. 99. p. 537, 608. company granting a uniform scale corn. stock of the Toledo Tree.. Lt. & Pow. Co.(all of the com,stockfor the
of this
company is held in a voting trust and the company has contracted with H.L.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Doherty & Co.for the
Stock $1,000,000 ($50)-----supervision of the operation of its subsidiary Proper
$625,000
ties).
Westernport & Lonaconing cpt 1903 5 J-J
15
225,000 Jan 15 1928
Frost Eck &Cum 1st M $250.- 1901
-Remaining first lien notes are reserved for improvements,&c.,
($1,000)__c*cpt1
5 g J-D 15
230.000 June 15 '26 atBONDS.
000g MOO& $1,000)_c*cpt
75% of cost and
Lonac Mid & Frost first mtge Int. at Real Estate Trust Co.. Phila.. Trust. notes are secured oy under certain conditions. See V. 96. p. 555. The
deposit of the following securities: 65.998.000 of the
1901 5 g J-D 15
200.000 June15 1926
$200,000g
Int. at Real Estate Trust Co., Phila.. trust. $6,000.000 5% consols. of the Tol. Trac. Co.; over 94% of the $6.000.000
Certain of the above issues can be called
4% COILSOL 1st M. bonds of the Tol. Rys. & Lt.; over 85% of the
at 105.
000 cap, stock of the Tol. Rys. & Lt.; all the cap. stock (except $13,875.ROAD.
-Operates 25 miles of track
directors'
Frostburg. Lonaconing and Westernport; between Cumberland, Eckhart, shares) of the Toledo & Western RR.. Maumee Valley Rys. & Lt., Toledo
60. 75 and 92
-lb. T
Ottawa Beach Sr Northern Ry. and the Adrian St. Ry. Red.
rail; standard gauge.
-V.89, ii• 1410; V. 95, p. 110; V. 99, p. and girder date
any int.
537, 608.
at 101 and hit. V. 97, p. 1358. The 2d lien notes are secured
by de(6) Meridian Light & Railway Co.
posit of61.200.000 each of com.and pref. stocks. Payment
or retirement of
ORGANIZATION.
-Incorporated in Mississippi in 1901 as a reorganiza- the small unexchanged portion of the Toledo Trac. 5$ was provided for out
of the sale of the above issue offirst lien
tion of the Meridian St. Ry. Owns and operates the Meridian
5$, while the Toledo Rys.& Lt. Co.
Gas Light 4s. bearing no int.,
Co. Does entire street railway, gas and electric business in
were exchangeable under the plan.$for S.for pref. stock
Meridian.
The Tol. Gas,
all the stock of the Hattiesburg Trac. Co. Franchises are for 50 yearsOwns
from Tol. Tree., Lt. &Elec. & 11. Co. bonds are guar. by endorsement by the
Oct. 4 1895 for street railway and from Dec. 1900 for gas and electricity.
P. Co.; $448,000 are reserved for prior liens. They are
not subject to
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. Co. are, guar. call. The Tol. Gas Lt. & Coke Co. and Tol. Heat & Light
principal and
Common 65.000.000
$2.000.000
was extended to July 1 1909,int., by the Tol.Lt. & Rys.Co. Former issue
then to Jan. 1 1912, at which time the holders
let mtge $750.000 gold 35001 1904 5 g M-S
750.000 Mar 1 1944 decided to
and $1,000
&lint. at City Bk. & Tr. Co.. Mobile. trustee. Valley Ry.allow them to run to no definite date at 5%. Of the Maumee
& Lt. 434s. $300.000 are reserved to retire the first
Gen mtge s f $5,000.000 g cot 1910
5$ of the
5 M-S
See text
Toledo
Mar
Bonds.-There were $225.000 of first 5s outstanding, but these 1 1945 s. f. on & Maumee Ry. Guar. by endorsement by Tol. Lt. & Rys. No
the 4%s. but they can be called on or after Mar. 1
have been
deposited as collateral for the new 1st M. bonds of 1904. A sinking
fund of 30 days' notice. Int. payable at Kean. Taylor & Co.'s 1915 at par on
office, N. Y.
1% of new 1st M. bonds out became operative March 11906.
Tot.
outstanding bonds are held in sink. fund. Bonds are subject to1173,500 of July Fay. & W. bonds have no s. f., but are subject to call on and after
1 1912
call on 60
days' notice at 105. V. 92 p 1311. There are $1,635,000 of gen. mtge. and Interest at par and accrued int. Are guaranteed both as to principal
by the Toledo & Western Ry.
bonds issued, of which $441.0do are in treas., leaving $1,194,000 outstandEARNINGS.
-Of the Toledo Rys. & Light Co. and allied
ing. Of the amount out, $210,000 do not bear int. until Sept. 1915.
interurban
$750.000 of gen. mtge. bonds are reserved to retire 1st mtge. bonds. Sink- roads for year end. Aug. 31 1913: Gross. $4.194,987; net, after
taxes.
61,347.769.
ing fund of 1% of gen. mtge. bonds out begins Sept. 11917.
ROAD.
-Street railway lines in Toledo. 117 miles
ROAD.
-Ten miles of track. 30 cars.
of track; interurban
lines owned by subsidiary cos., 125 miles of track.
-V.96,p.420. 555, 1022;
OFFICERS.-Pres.. H. L. Doherty; V. P., F. W. Frueauff;
-P., V.97. p. 1358, 1735; V.98,p.306, 1001, 1073; V.99. p. 344, 408.
V.
540.818.
A. B. Patterson; Gen. Mgr., A. B. Patterson; Sec. & Treas., L. H. Archer.
Asst. Sec. & Asst. Treas., Carl B. Gilbert. V. 90, p. 914; V. 91. p.336;
GENERAL GAS & ELECTRIC CO.
V. 92,9. 1113.
ORGANIZATION.-Incorp.in Maine July 3
and has acquired the Western Vermont Power 1912 as a holding company
(a) Hattiesburg Traction Co.
& Light Co. (successor to
Fairhaven Elec. Co.) and the Northwestern
Meridian Lt. & Rys. Co. owns all the stock.
Ohio Ry. & Power
ORGANIZATION.
-Organized in 1906. Sept. 2 1907 purchased Hat- sor to Toledo Port Clinton & Lakeside RR.). Also owns a Co. (succestiesburg Gas Co. and Hattiesburg Light & Power Co., giving company of stock of Rutland Ry., Lt. & Power Co. See description large majority
of company in
a monopoly of gas. street railway.Street V. 95,p. 110. Is managed by W.S. Barstow & Co., Inc.. New
and electric-lightbusiness ofcity.
In Oct. 1912 acquired the Port
York.
railwayfranchise 25 years from 1906.
April 1913 acquired the Sandusky Clinton Elec. Lt. & Power Co. and in
Gas & Elec. Co.




xcix.

ELECTRIC RAILWAYS

90

NEWTOWN, PA.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$2,600,000
Common 810.000,000BUCKS COUNTY INTERURBAN RY.-A trolley road. Jersey &
See text 1,350,000
Pref $10,000,000 red at 125 ------- g.The interests that control this company also control the New
1,693,000 July 1 1932
1912 5
First lien cony $20,000,000 Equitable Trust Co., New York, trustee.
Pennsylvania Traction Co. See under "Trenton. N. J."
c*&r
n
650,000 April 1 1916
ORGANIZATION.-Incorp. May 13 1913 In Penna., as a consolidatio
6g
St.
Coil tr notes $650,000 ($1,-t 1913 office A-0
New Hope
of the Bucks County Electric By., Trenton and Newton& LambertvilleBy.
or agency of company.
& Yardley St.
000) no sinking fund_ _ _ _ c* Int. at
Morrisville 3: Trenton St. By.
Co.. New York, Trustee.
By., Yardley
Red at 100 any interest day Equitable Trust
Elec. Co. The entire capital stock of all four
1
12
Stock.-Divs. on pref. stock are cum.,6% to July 1915.7% thereafter; Operates Bucks County
corn. 6%.
merged companies has been exchanged for stock of this company, except
participating with corn. after pref. has received 7% and
are out, is shares Bucks County Elec. Ry. and 40 shares Trenton N. H. & Lam. St.
-The initial issue of $1,700.000. of which $1.693.000
Bonds.
1 1915. Bonds are secured by
convertible,$for $.into pref.stock after July 81,293,000 N. W.Ohio By. & Ry. V. 96, p. 1555.
Date. Interest. Outstanding. Maturity.
STOCK AND BONDSdeposit of 8400.000 Western Vt. P.& L. and
5997.400
Ry. Lt. Common, $1,000,000 ($50)
Pow. bonds (being entire amounts out), and $1,677,600 Rutland
500,000 Nov 1 1937
to call at 105 and int. on 30 days' notice. Additional Bucks Co El Ry 1st M, 5500.0001 1908 5 g M-N
& P. stock. Subj.
Phila.. Trustee.
V. 95.
(51.000), red 105 & int_cstf!Int. at Nor. Trust Co.,
bonds can be issued under certain conditions.regularlyp. 1210.
400,000 Aug 1 1934
paid.
1904 5% g
-On pref. stock (6%) are being
Dividends.
Trent N & L lst M,$400,000
100.000 Oct 1 1930
-P., Jos. Bt. Taylor; Sec. & Yard Mor & T 1st M.$100,000ntf1900 6% g
W. S. Barstow; V.
OFFIGERS.-Pres.,
$201,613; net,
-For 12 mos. end. June 30 1914, gross,
EARNINGS.
Treas., C. C. Swenson. Office. New York. N. Y.
$58,805.
& Power Co.
(1) Rutland Railway. Lightowns $1,677,600 stock.
extending from Trenton City Bridge in
-Operates 48.09 miles
ROAD.
General Gas & Electric Co.
Pa.. to New Hope. Pa., and Lambertville.
Interests identified with this company have acquired the Fair Haven Morrisville through Yardley.
to Doylestown via
both
N. J., from Yardley to Newtown; also from -Bristol
trackage rights over
Elec. Co. and the Carvers Falls Pow. Co.,n in free from bonded debt.
Feb. 1906 of the Rutland Newtown. Leases .2 miles in Doylestown and has Traction in Trenton
-Is a consolidatio
ORGANIZATION.
Penna.
Co.,the Vermont Internal Improvement Trenton City bridge and tracks of New Jersey & 5 ft. 23.4. inches.
Street By.,the People's Gas Light
acquired the entire
Warren and Hanover. Gauge, -P. & Gen. Mgr., Gaylord
Co. and the Chittenden Power Co. In Sept. 1906 Electric Co. V.83, to Terminal at-Pres., Sydney L. Wright; V.
OFFICERS.
$180,000 stock and $120,000 bonds of the Rutland Citycompany, thus comWalter T. Bilyou.-V.96, p. 1555.
with the latter
p. 626. In March 1908 consolidated -public utilities. V. 86, p. 1044. Thompson: Sec. & Treas.,
pleting consolidation of all the Rutland
by special Acts of Vermont Legislature and
Franchises have been granted
NIAGARA FALLS, N. Y.
are perpetual.
Interest. Outstanding. Maturity.
NIAGARA GORGE RY.-Electric.
STOCK AND BONDS- Date.
$1,700,500 In 1913,4%
-Incorporated in New York June 3 1990 as successor
Stock 82,000,000($100)
ORGANIZATION.
2,000.000 Mch 1 1946 to the Niagara Falls & Lewiston, sold at receiver's sale May 23 1899. Ex5 g M-S
First mortgage $2,000.000L1906
Niagara River
ee
c* Int. at Lincoln Trust Co.. N.Y.,Trust.
tends from Onondaga St., Lewiston, along the bank of the
gold 400
1.0)
con-The remaining bon may be issued for additions,improvements, to the City of Niagara Falls. Was formally opened July 1 1899. Also ara
Bonds.
restrictions. Bonds are redeemable at 110 and trols the franchises of the Buttery Whirlpool Rapids Co.,thNiag
and extensions under rigid
day after Rapids View Co. and the Niagara Whirlpool Rapids Elevator Co. Has
int., as a whole or in amounts of not less than $50.000,on any
for annual agreement with the Niagara Falls Park & River By.Co.Fallowing cars of the
1916,
March 1 1916. Sinking fund begins March 1 out. provi
Suspension
Gorge road to run over that company's lines across the arch and
payments increasing from )4% to 2% of bonds
-For year ending Dec. 31 1913, gross. $356.440; net, after bridges to Table Rock and Dufferin's Island. Leases .he Lewiston
EARNINGS.
$57.400 of its stocks and bonds.
on funded debt, &c.,$104,277;surplus, $50,531.
& Youngstown Frontier RR. and owns
taxes. $154,507; interest
-Owns and operates 30.5 miles of track in Rutland and West RutROAD.
Interest. Outstanding. Maturity.
Date,
STOCK AND BONDSline, with
land, extending to Fair Haven and Poultney on New York State29 cars.
$1,000,000
- Stock. $1,000,000 ($100) gauge. 60-1a. T rail.
extension to Lake Bomoseen. Standard
949.000 June 1 1927
First mortgage $1,000,0001 1907 5 g J-D
'Jr.
V. 88. p. 101; V. 91, p• 464; V. 93. p. 1022, 1601; V. 94, p. 124. 1120;
c&rjInt. at Commonwealth Tr. Co., Buffalo,
(51,000) gold
V. 95. p. 112.
-Chairman of Board, G. Tracy Rogers; Pres., Herbert
Bonds.
-$51,000 bonds are in treasury.
OFFICERS.
Lewiston and
-P., W.S. Barstow; Sec. & Treas., C. H. West.
Nash Jr.; V.
-Owns 15.8 miles of track from Niagara Falls to
ROAD.
operated.
leases Lewiston & Youngstown Frontier By. 8.7 miles;total °tinter(g) Northwestern Ohio Railway & Power Co.
eorp. in 1912 in Ohio to take over the Toledo 24.6 miles. Also has trackage rights over 1 mile of double track
ORGANIZATION.-In
4 service cars and 1 snow plow.
Port Clinton & Lakeside Ry.(V. 95. P. 48), which in April 1913 reduced national By.in Niagara. 42 passenger cars.
$159.595; net.
its capital from $1,800,000 to $1,500.000. All of the 5800.000 (authorized
EARNINGS-For fiscal year ending June 30 1913, gross,
and issued) corn- $500,000 (auth. 8700.000) pref. and $1,293,000 (auth. $75,931; other Inc.. $7,816; int. & taxes, $53.430; surplus, $30,317.
$5,000,000) 1st M. 58 are owned by the General Gas & Electric Co. Does
Gen. Mgr., Bert L. Jones.
-P. &
OFFICEnis.-Pres., Jos. T. Jones; V.
an electric light and power business in Genoa, Elmore, Oak Harbor, Port Sec. & Treas., R. E. Powers; Aud., E. H. Buddenhagen, all of Buffalo;
Clinton, Lakeside and Marblehead.
-V.84, P. 868.
Falls, N. Y.
311913. gross. $258,976; net, after General offices, Niagara
-For 12 mos. end. Dec.
EARNINGS.
taxes, $74,806; interest, $65,933; surplus. $8,872.
(1) Lewiston & Youngstown Frontier
Lewiston to
-Chartered Aug. 1895. Owns from total. 8.7 m
-Operates 59 miles of track from Toledo to Elmore, Oak
ORGANIZATION.
ROAD. &c.
switches,2 m.;
Harbor, Port Clinton and Marblehead. In addition operates a line during Youngstown and Ft. Niagara,8.5 m.;sidings and also owns 557-400 of its
RR.. which
3 miles east of Marblehead, thus making
Is leased by the Niagara Gorge
the summer months to Pay Point,
direct connections with Cedar Point and Sandusky. In Toledo operates on stock and bonds.
Interest. Outstanding. Maturity.
about 3 miles of Toledo Rys. & Light track. Standard gauge. 70-1b. Trail,
STOOK AND BONDS- Date.
$134.000
-V.95, p. 48, 176.
10 pass. cars,32 express cars,9 work cars; total. 51 cars.
Stock.5150.000 3100;_ - 150,000 June 1 1926
1896 6 g J-D
mortgage $150.0001
(3) Western Vermont Power & Light Co.
First
&lint. at Buffalo L., T.& S. D.II. Buff.,Tr.
-Organized as successor to the Fair Haven
(51,000) gold
ORGANIZATION &c.
an electric light and power business at Fair Haven. Vt.,
Elec. Co. Does
and vicinity, supplying practically all the current to the adjacent quarry
NORTH ATTLEBOROUGH, MASS.
district. Operates hydro-electric plant. Stock (corn.) $120.000. Auth.
$800.000 pref. none issued; bonds (5%), $400.000. Earnings for 12 mos.
INTER-STATE CONSOLIDATED STREET RY.
ending Dec. 31 1913. gross. $53,975; net, after taxes, $24,276; hit., 821,500;
tts to the
ORGANiZATIGN.-vrganized as successor in Massachuse freight.
surplus. $12,776.
carry
Consolidated of Rhode Is'and. Has permission to
Gas & Electric Co.
(4) Sandusky (Ohio)
Interest. Outstanding. Last Div.
STOCK AND BONDS- Date.
-Organized in 1899. Purchased property,
ORGANIZATION, &c.
8275,000 J'ne '13. 5%
Light, ]Fuel,
&c. of the Sandusky Gas Light Co. and the Sandusky Elec.vicinity: aLSO Stock $275,000 (par $100)278.764
Current liabilities J'ne 30 1913
gas in Sandusky and
'
Gas & Supply Co. Distributes natural
paid April 1 1904; in 1905
8100,000: corn.,
-First div.. 11%, for 2 years,
electric current for light and power. Stock (pref. 6%). ending Dec. 31
Dividends.
5% bonds, $500.000. Earnings for the 12 most. surp..$65,810. 7%;in 1906.7%;in 1909. 5%;in 1910 to 1912. incl., 4%;in 1913,5%•
3500,000;
1.79 miles sidings. &C.,
1913. gross,$351,794; net,after taxes,$91.845; hit., $25.033;
-Owns 24.10 miles of trolley track and h and Plainville, Mass.,
ROAD.
Attleboroug
(5) Port Clinton Electric Light & Power Co. for light and power in from Rhode Island State line to North h. Total operated. 25.89 miles.
Attleboroug
Dodgeville and
-Supplies electric current
ORGANIZATION,&c.
no bonds. Hebronville,
-For year ending June 30 1914, gross, $201,574; net. $42,Port Clinton, Ohio. Stock, auth., $25.000; issued, 821,356;after taxes.
EARNINGS.
net
surplus, $2,608.
Earnings for 12 mos. ending Dec. 31 1913, gross, $14,239;
938;fixed charges, 823,830; diva.. $16,500;
-P. and Gen. Mgr.,
$5,272.
OFFICERS.-Pres., J. T. Harmer. Springfield; V. Springfield, Mass.;
-P., C. V. Wood,
V.
(6) Pittsford Power Co.
tts to do a general H. C. Page, Worcester, Mass.;
ORGANIZATION.-1ncorp. In 1914 in Massachuse
Candee, Springfield, Mass.; Clerk, F. P. McIntyre, Aud., J. W.
Treas., L.
electric-light and power business.
-V.73. p. 236.
Jamison.
STOCK.-Pref.. $200.000; COM. 5300.000 ($100)• 1933,guar prin. and
-4253.000 5% sinking fund, gold, due Nov.1
Bonds.
NORTHAMPTON, MASS.
Gas & Electric Co.
Int. by General
-A trolley road
NORTHAMPTON STREET RAILW A Y.
-Chartered Feb.26 1873. On Jan.7 1911 Mass. RR.
ORGANIZATION.
NEWBURGH, N. Y.
auth.company to issue $300.000 additional stock. ot which 5200.000
Comm.
• •
-Trolley.
to pay off $200.000 bonds that matured June 11910. V.92, p.323.
ORANGE COUNTY TRACTION CO.
acquired the Newburgh was used-In May 1910 Mass. RR. Comm.. having decided in Feb. 1909
Fares.
ORGANIZATION.-Organized Oct. 16 1901 andNewburgh Electric 1st
Increase in the unit of tare from 5 cents to 6 cents was unreasonable
sold under foreclosure. The
that the
Electric By. Co.,
p. 625), approved an Increase In cash
& Orange Lake RR. and the Newmortgage bondholders and the Walden reduction in their interest from 6% and excessive (V. 87, p. 1605; V. 88.
n to 10 cents, and the disconburgh & Orange Lake RR. agreed to a 1904 State Railroad Commission tares between Northampton and Easthampto
In May
ticket books between Northampton and Williamsburg.
tinuance of sale of
to 5%. See V. 73. p. 138.
a new mtge. for $100,000 for improvements.
On June 24 1913 the Mass RR. Comm. auth. $150,000 additional stock.
wanted permission to make Comm. granted authority to make a mtge. for
96
In May 1910 Pub. Serv.
of
additions ,improvements,&c.,
e
Th.
Strike 554 strike of the employeesV.the company which began Aug. 19
Stri
$750,000 and to issue thereunder 5233.800 for outstanding below. V. 90. p. V. 96
99, p. 675.
See
3 issues of bonds
and 3425,000 to refund theComm. granted authority to issue $83,500 addi- 1914 was settled Aug. 25 1914.
Date.
Interest. Outstanding. Dies., etc.
1425. In 1911 Pub. Serv.
STOCK. BONDS, &o.Up to Jan. 1914
A-0
$850.000 Apr.'l4.23
tional 1st & ref. bonds for impts., &c. V. 92. p. 1566.
$850.000 (par $100)___ ---- in
Stock.
60.r
only 531.000 of these had been Issued.
Losandbilsparle Jan.11914
oidenas.Lino8n;in1902.8%:
1903,8%; In 1904. 6%; in 1905,
Interest. Outstanding. Maturity.
AND BONDS- Date.
STOCK
2150,000
1905. 3 4%; In 1906.3(4%; In 1907. 7%; in 1908. 6%;in
6%; on Dec. 27
Stock 5150.000 (525)
Oct., 2%; in
($25)175.000
1909, Jan., 234%; in 1910. 4914. Apr., 1911 and 1912. 5%. In 1913,
Pf 5175,0006% n-cum
264,000 July 1 1960 April, 2%;
5 J-J
:4..3%. In
First and refunding mortgage 1910 Trust Co.. Albany, trustee.
234%.RoAD.2027243m08,ftra0lnciding extension to Holyoke
tf Union
$750,000
250,000 May 1 1944
Tom Junction to Easthampton. Operates 52
5 g M-N
Newb Elec 1st M ($250,000)- 1894 Knick. Tr. Co., Trustee, N. Y. City. and extension from Mt.
at
cars. 3 snow-plows. and 88 electric motors.
tf Int.
passenger
gold ($500) not red
-For year ending June 30:
100.000 June 1 1945
-D
5g J
ANNUAL REPORT.
Walden & Orange Lake first, 1895 Hamilton Trust Co., Brooklyn.
1912.
1913.
1912.
1913.
tf Int. at
mtge gold guar p & i
$38,500 $35,000
75.000 July 1 1 4
$90,588 5200.788 Dividends
5 g J-J
Newb & Orange Lake 1st M 1894 Knick. Tr. Co., Trustee, N.Y. City. Gross
2.384
2,104
54,781 Balance, surplus_
66,147
Net
& i guar_ _c*tf Int. at
g ($50O) p
17,397
25.543
See text April 1 1924 Int., taxes. &c
5 g•A-0
New mort 8100.000 gold-tf- 1904 45 passenger and 10 other cars.
M. Tyler Northampton; Treas., II. .7. CampOFFICERS.-Pres., H.
-Owns 18.95 miles of track; -P., A.L.J. Miller; Treas., H.B.
ROAD.
1) Pellissier. Holyoke; Supt.. Edwin C.
bell, Northampton; Gen. Mgr.. L.
OFFICERS.-Pres.,B. B.Odell Jr.; V.
-V.86, 9.481 V. 87, p. 1605. 1664: V. 88, p. 1500;
-V.83.P. 688; Clark, Northampton.
S. Berry.
Odell; Sec., W. G. Taggart; Gen. Mgr., Frederick
p. 554; 1840; V. 99. p. 675.
V.89, p. 42; V. 92, p. 322; V. 96,
92, p. 1566.
V. 90, p. 1425; V.

a

RY•

NEWPORT, R. I.

-Trolley.
NEWPORT & PROVIDENCE RY. CO.
-Incorporated in 1892.
ORGANIZATION.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
3300,000
Common 3300.000 (5100)150,000
Pref $150.000 ($100) non-aun
300.000 July 1 1932
1st mtge $300.000 ($500)_ -I 1912 5 g
Trust Co., trustee.
subject to call at par_ _ccpt.tInt. at Augusta (Me.) gross, $83,320; net,
-For year ending June 30 1914,
EARNINGS.
87.071.
$25.539; int. & taxes. $17,267; depreciation, $1,200; surplus Bristol Ferry,
to
-Operates 14 miles of track from Newport and 90
ROAD.
-lb. T and
Providence; 70
where connection is made by ferry to
girder rail. 12 cars.
Burdick;
Edward A. Brown, Newport; Sec., ClarkNewport.
OFFICERS.-Pres.,
Treas., Geo.E.Macomber,Augusta, Me.;Supt.,Geo. M.Towle,
-V.95. p. 1403.




NORWALK, OHIO.
SANDUSKY NORWALK & MANSFIELD ELEC. RY.-A trolley road.
Peeeivership.-On Nov. 15 1912 C. G. Taylor was appointed receiver for
he controlled Plymouth & Shelby Traction Co.. to sucthe cotr”sey *MI (Treas.of the company). Geo. B. Dusinberre and Wilbur
ceed C. B. Erooks
Hoyt, who had been appointed receivers on Jan. 4 1912.
0p to Sept. 15 1914 reorganization had not been effected.
ORGANIZATION.-Private right of way except in cities, where franchises run 25 years from 1904.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$360,000
Common 8360.000
240,000
Pref. $240.000 non-cum
600,000 June 1 1924
5 J-D
3600.000,1 1904
First mortgage.
I Int.atSecuritySav.Bk.&Tr.0o..Toledo,Trua.
gold

SEPT., 1914.j

ELECTRIC RAILWAYS

91

Bands.
-Redeemable on any int. day on 90 days' notice at 110 and int.
BONDS.Date. Interest. OWstanding. Maturity.
Sinking fund $5,000 per annum June 1 1909 to 1913 inclusive; 1914 to 1918.
1903
5 g J-J
1,587.000 Jan 2 1933
IncluAve. $10,000; 1919 to 1923, inclusive. $20.000.
San Fran 0 &S.IRy lstilnt. at Wells-Fargo-Nevada Nat. Bank In
ROAD.
-Operates 31 miles of track from Norwalk through towns of
mortgage, $3,000.000 ($1.San Francisco and W. F. & Co. Bank In
North Fairfield, Steuben, New Haven and Plymouth, to Shelby, where
000). s L gold
c•I N. Y. Union Trust Co.. San Francisco,
connection is made with the suburban lines of Mansfield; also a 2M-mile
Trustee.
extension to Chicago Junction. Standard gauge.70
-lb. T rail.
( 1905
5 g J-J
1,500.000 Jan 2 1933
OFFICERS.
-Receiver, C. G. Taylor; Sec.. Chas. Suhr.; Treas., C. B. San Fran 0 & S J Ry 2d mtgel Int. at Wells-Fargo-Nevada Nat. Bank.
Brookes; Gen. Mgr., S. S. Burtsfield.-V. 88, n. 159; V. 91, p. 1631;
$1.500.000,g($1.000),s1-01 San Francisco, or at company's allele.
V. 94, p. 69.
Union Trust Co.. San Francisco. Trustee.
East Shore & Suburban Ry.lit mtge $750,000 gold s
1905
5 g 14
655,000 July 1 1940
NORWICH, CONN.
($1.000) sub to call 110&latjMercantile Trust Co.. San Fran.. trustee.
NORWICH & WESTERLY TRACTION CO.
.*Halsey" Notes & "Key Route" NotesIn Dec. 1912 the Pawcatuck Valley St. Ry. and the Westerly & Connecti- Oakl Rys coil tr notes $2,500,-f 1912
6%
$2,500,000 Sept 14 '14
cut Ry. were purchased in the interest of the Norwich & Westerly Traction
000 (125,000) red at 100{Int. at Anglo-California Tr. Co.. San Fran.,
and have been merged in the same.
and int
Trustee, or N. W. Halsey & Co.. N. Y.
6F
-A
1,100.000 Nov 13 '14
ORGANIZATION.-Incorp. In Connecticut on July 28 1911 as successor Oakland Term colt notes $1,- 1912
100,000, g ($1.000. 12.000, Int. at Anglo-California Tr. Co.. San Fran.
to the Norwich & Westerly Ry., sold at foreclosure. In 1912 acquired
$5.000 & $10,000) gu p &I_
Callable at 101 and interest.
the entire corn, stock of the Groton & Stonington St. Ry. V. 95, p. 361
,Stock.-Totai of coin. and Class A pref. stocks are the same in amount
Leases the Ashaway & Westerly (stock auth.. 1100.000; issued, $50,000:
respectively as the combined total issue of corn, and pref. stocks of the
par, $100).
merged companies. • Class B pref. was issued to East Shore & Sub, stockMaturity
Date. Interest. Outstanding.
STOCK AND BONDS.holders, that company having no pref stock, and is offset by addition of
$200,000
Common $200,000
physical properties of San Jose Short Line and Sac. Short Line and dock
650,000
First preferred, $650.000_____
property known as the Key Route Basin.
250,000
Second preferred. 1250,000- tf
Oakland Trac. Co.
-Of the $12,000,000 bonds of 1907, $6,865,000 are re1.200,000
5 M-N
1932 served for prior liens. A sinking fund
1st mtge, $2,500,000
tf 1912
began in 1907 which will retire about
50,000 June 1 1927
5 g M-N
Pawcatuck Val. M.$50,000 gl 1907
bonds by
Mint. at Union Tr. Co.. Providence. trustee. $7,000,000$4,846,0001932. Of the $7,000,000 Oakland Trac. consolidated
($500) red 105 In 1912__
mortgage.
are reserved to retire prior liens. $20,000 have been
Leased line securitiescanceled. A sinking fund began in 1906 which will retire $6,000.000 bonds
5 g M-N
26.000
Ashaway & West. 1st If 130.-1 _-_
1939 by July 1 1928. See V.81, p. 668.
The auth. amount of 1st consol. mtge
'Wash.Trust Co.. Westerly, trustee.
000 g($500)red aft.5 yrs c tt
of 1902 of Oakland Transit Consolidated was originally 16.500000.
EARNINGS.
-For year ending June 30 1914 (incl. Groton & Stonington shareholders voted on June 17 1904 to cancel $1,654,000 previously but
reRy. and leased lines), gross, 1275,818; net, 176,398; int., taxes, rents served for extensions and improvements. V. 78. p. 2385. Of the remainof leased lines. &c.. $123,052; deficit. $46,654.
ing bonds auth. $3,495.000 are reserved for prior liens and
-About $30,000 was expended during the year over the usual been canceled by sink. Id. A sinking fund for these bonds $120.000 have
Note.
in
maintenance and operating charges.
1903 and ranges from $10,000 to $250.000 per year, whichcommenced at
will retire
ROAD.
-Owns 34.78 miles of track, incl, sidings, from Norwich, maturity $4.000.000 bonds. Bonds not subject to call, but may be purConn., via Poquetanuck, Haliville. Shewville, North Stonington and chased for sinking fund in open market. See V. 75. p. 135. Of the $3.White Rock to Westerly, R. I., and Watch Hill. with an extension to 000.000 first consols Oakland Transit, $1,400,000 are reserved to retire
Weekapaug. Private right-of-way except through towns. Leases 28.62 underlying liens at maturity, $5,000 have been retired. A sinking fund
miles, Ind, sidings, between Westerly and Ashaway, and between Westerly qwmenced on these bonds in 1912,which will retire or provide for $2,000.000- of the bonds on or before maturity. Interest on both consol. mtges.
and Groton. 70-1b. T rails. 7 passenger, $ freight and 4 other cars.
OFFICERS.-Pres., R. W. Perkins; V.
-P., A. E. Locke; Sec. & Treas., Is payable at Wells. Fargo & Co. Bank in New York or Wells. Fargo Nevada
Nat. Bank. San Francisco.
-V.93, p. 470: V. 95, p. 361.
E. Sherman; Gen. Mgr., S. Anderson.
A.
Both the Oakland San Leandro & Hay.Elea.
(1) Groton & Stonington Street Ry.-A trolley road.
Ry. mortgages have slnking fund commencingRy. and the 23d Ave. Elec.
ten years after date and
ORGANIZATION.-lncorporated in Connecticut on Aug. 17 1903 Increasing from 2 yearly (of
total bonds outstanding)
live years
to 8 for last live years. The bonds are not subject to for the firstmaturity.
Interest. Outstanding.
STOCK AND BONDS- Date.
call before
Maturity
Equipment notes mature $31,000 annually on Jan. 2 1912 to 1918, incl.;
Common. $400,000 ($100)_All owned by Norwich & Westerly Traction
$33.000. 1919. 362.000 have been retired.
200.000 See text
Fret 5%, $200.000 ($100)_
San Francisco Oakland & San Jose Consolidated Ry.-$4,500,000 consol.
5 g J-J
475.000 July 1 1924
let mtge $475,000, gold' 1904
mtge. bonds are reserved to retire prior liens. A sinking fund on these
el Interest at International Trust Co.. Boston
($1,000)
Bonds.
-No s. t., but bonds are subject to call at any time at 120 and bonds begins 1915 to 1917, installments totaling $4,345,000. Red. on any
int. date at 102;i and int. A sinking fund on the San Fran. Oakland & San
interest. Trustee is Treasurer of State of Connecticut.
Dividends.
-On pref. in 1908, 7%; 1907 to 1914 (incl.), 6%. On Jose Railway 1st 5s is provided which will retire bonds as follows: In 1915
common in 1908, 23% and 1M %; in 1909, none; in 1910, 3%; in 1911, and 1916, $25,000 each year; in 1917 and 1918, $35,000; in 1919 and 1920,
$50,000; in 1921 and 1922, $75,000; in 1923, $90,000; in 1924 and 1925.
2M%; in 1912, none.
-Included in earnings of Norwich & Westerly Traction $100,000; in 1926.1115,000; in 1927 and 1928,$125,000;in 1929,1930,1931
EARNINGS.
and 1932, $150.000. These bonds cannot be called. See V. 76, p. 655.
Co., above.
-Owns 23.555 miles of track from Groton, through Noank. The following amounts are payable annually to a sinking fund on the San
ROAD.
West Mystic. Mystic (extension to Old Mystic), Stonington and Pawcatuck, Francisco Oakland & San Jose Railway 2d mtge. bonds: 1915. $10,000;
$15,1)00. 1,01 Satiot011; lila,
i, u. Sato.to•,.);
to Westerly. R. I. Connects by ferry with New London. Standard gauge.
140.0110: 1922. $45,000; 1923 to 192X, Inclusive, 35(1,1)00; 1926 and
-lb. 'I' rail. 18 passenger and 4 other cars.
70
1927. 160;1110;
OFFICERS.-Pres., R. W. Perkins; V.
-P.. A. E. Locke; Sec. & Treas., in Wert •• eau 1928 to 1932, Inclusive. $75.000. These bonds are not
-V.95, P. 361.
A. E. Sherman.
Bast Shore & Sub. mtge. is a closed mtge. Sinking fund, 1 X
all bonds outstanding expected to retire entire issue. V. 94.% yearly on
p. 123.
- OAKLAND CAL.
Balance Sheet December 31 1913.
818
)
Liabilities ($49,674,238)-OAKLAND TERMINAL RYS.
SAN FRANCISCO
Common stock
Application for New Name.
-In June 1914 the company applied to the Properties, franchises,
$15,125,000
inv.and good-will ____$47,280,261 Preferred (6% cum.)
California Courts to have its name changed to the California Rys. on the
13,050.000
Securs, of other corp'ns__
546,530 Bonded debt
16,716,000
ground that the present name is too cumbersome. V. 98, P. 1768.
Sinking fund account__
260,163 Coll. tr. notes(Oaki.Rys) 2,500,000
ORGANIZATION.-Incorp. In California on Marcn 21 1912. Has con
Special fund (cash)
933,364 Sundry creditors (net)__
solidated the following (V. 94. p. 912):
117,783
Current assets
280,284 Current liabilities
I East Shore & Suburban Ry.
809,086
Oakland Traction Co.
Cash
307.337 Accrued interest & taxes_
404.750
San Fran. Oak. & S. J. Cons. Ry.
'California Railway.
63,740 Defer.cred. to prof.& loss
922:187
29 431
The San Fran.
-Oak. Term. Rys. assumed the total bonded debt of the Deferred charges,&c_ _ _
Balance, surplus
merged companies.
EARNINGS.-Of combined properties:
-Early in 1914 George C. Moore and his English associates conControl.
-Net. Deductions. Surplus.
Period
tracted for the purchase of this company (see plan, V. 98, p. 306), but,
$2Gr9ss568 $939,200 $565,151 $374,049
,396,
owing to.the prevailing conditions caused by the European war, it is under- 5 mos. end. Dec. 31 1913
Year
4,676,876 1,814,445 1.223,084 591.361
stood that there has been some delay in the payment of the July installment Year end. June 30 1913
end. June 30 1912
4,776,873 1,884.061 1.126,661 757.400
of the purchase price, and the operating force of the company has been
Fare passengers carried. 1913, 77,072,203.
somewhat changed, G. Weeks now being.President. The three months'
-Operates 258.77 miles (all tracks) of electric railways. Has 411
ROAD.
int. on the Oakland Rys. notes ("Halsey notes), now overdue, has been
'
pass. cars, 1 combination car, 2 electric locomotives, 14 freight cars, 49
paid at the rate of 7%. It is understood that the plan called for the retire- service
cars, 2 wrecking cars, 1 wrecking crane and 5 ferryboats.
ment of the "Halsey notes and the "Key Route' notes (see below). See
OFFICERS.
-Pros., G. K. Weeks; V.
-Ps., W. R. Alberge and F. B.
"Chronicle" of Sept. 26 1914. V. 98, p. 306, 764. 1768; V. 97, p. 1116,
Whipple; Sec.& Asst. Treas.. Robert Morrison Jr.; Treas., Kirke Lathrop;
1204; V. 95, p. 420, 544.
Aud., B. W. Fernald.
-V.94,p. 912. 1120; V. 95,p. 545,619; V. 96,p.
On Jan. 21 1911 both the Sacramento Short Line and San Jose Short
1298.1630; V.97.p. 118. 522. 1116, 1358. 1824. 1899; V. 98,p. 306. 611.
Line were Incorp. In California in the interest of the San Fran.
-Oakland
Term. Ilya. System,theformer with $10,000,000 stock 114,000,000 of which Is 764, 918, 1246, 1695, 1768; V. 99, p. 50, 749, 818.
pref.) and the latter with $8,000,000 ($100) stock, one-half of which 18
6%
cum. (after Deo. 19161 nret.
OAKLAND ANTIOCH & EASTERN RY.
Operates the street railway lines of and connects Oakland,
In Dec. 1913 Western Pacific Ry. interests wereunderstood to have been
Berkley,
Alameda, Richmond, Emeryville, Piedmont,
Albany, San Lorenzo, San considering purchase of the property. V. 97, p. 1824.
Leandro and Hayward. Also
ORGANIZATION.-Incorp. In California in April 1911. Controls
Piedmont and Albany with Sanconnects Oakland. Berkeley, Emeryville, through stock ownership Oakland & Antioch Ry. (36 miles between the
Francisco by electric train and ferry service.
points named)and San Ramon Valley RR.(10 miles between Walnut Creek
New Bonds.
-On Apr. 7 1914
and Danville, Contra Costa County) under construction.)
approval of the California State shareholders authorized, subject to the
In July 1913 Cal. RE. Comm. authorized the issue of $1,000.000 add'
RR. Comm..
$35,000,000 1st & ref. mtge. 5s. Applicationan issue of not exceeding tional lit M. bonds (not incl. in amount reported outst. below). V. 97
has been made to Issue
$10,000,000 of these bonds for refunding and
impts., but at Sept. 1 1914 p. 118; V. 96. p. 1839. On Aug. 20 1913 Cal. RR. Comm. auth. a further
the matter was still pending.
Issue of $500,000 lit M. bonds (not incl. in amount oaten. below).
On June 24 1914 the Calif. RR. Comm.gave
Assessments.
-On Aug. 5 1913 the directors levied an assessment (No. 1)
a preliminary order author
ing the company to issue $650,000
promissory notes (see table below) of $5 a share on the outstanding capital stock, payable Sept. 11 1913, the
secured by pledge Of $1,000,000 general lien bonds,for
proceeds to be used for the purchase of equipment. V.97,p. 176,444,596.
payment
taxes and for preliminary payments on equipment. V. 99, p. of interest, The Oakland & Antioch Ry., a subsidiary, called an assessment of $10 a
50.
STOCK.Div. Per. outstanding share on its 35,000 shares outstanding, of which the Oakland Antioch &
Common ($100)
$15,125,000 Eastern owns 34,450 shares. V. 97, p. 444. On Jan. 16 1914 an assessClass A pref. ($100) 5% cum
ment (No. 2) of $4 per share was levied on the $10,000,000 stock of the
Q-M. 21
12,050.000 Oakland
Class B pref. ($100)
1.000.000 stock of Antioch & Eastern Ry, and one of $8 per share on the $3,500,000
the subsidiary, Oakland & Antioch Ry. These assessments were
BONDS.Date.
Interest. Outstanding. Maturity, payable on or before Feb.
19 and Feb. 20 1914. In Juno 1914 an assessSan Fran.
-Oak Term. Ry.ment (No. 3) of $5 per share was levied, payable 12 July 1. 11 50 Oct. 1
Coll notes 3650.000
1914
(7)
and $1 50 Jan. 1 1915. The Oakland & Antioch has also levied an assessOakland Traction Co.
ment of 14 per share, which was delinquent July 3 1914. V. 98, p. 1845.
Oak. Trac. Co. gen. con.} 1907
5 g J-J18 $3.177.000 Jan.18
mtge., g., $12.000.000, Int. at Wells, Fargo-Nevada Nat. Bk..1937 It is announced by the company that the assessment seems the best way to
San
the
sink. fund ($1.000)____c•
Fran. Union Tr. Co.. San Fran., Trustee. raise Juneneeded funds.
In
1913 acquired control of the Nevada County Narrow-Gauge RR.
Gen. consolidated mtge.. Oak} 1905
5 g J-J
2.134,000 Jan. 2 1933
Trac. Consol., 57.000,000 Int. at Wells Fargo & Co.. Bank. N. Y. & (steam road) for, it is stated, $500,000. See V. 95. p. 1630. This ispregold ($1,000)
c San Fran.; Union Tr. Co., San Fran.. Trustee litninary to an extension of the 0. A. & E. Ry. from Marysville to Colfax.
On June 20 1913 the Cal. RR. Comm. authorized the Nevada County Co.
Oakland Trac equip 8250.0007 1911
6 J-J
188,000 See text
to Issue 1500,000 5% bonds to standard-gauge the road from Colfax
(see by 60 P-A-Y-E cars) __ Int at 1st Fed.Tr.Co..San.Fr..trus.. or is;
to
Nevada City.
1st cons. M. (See test)__ 1902
5 g J-J
1,231,000 July 1 1932
Shareholders voted March 3 1913 on increasing the funded debt from
Oakland Transit Con., Union Trust Co.. San Francisco. Trustee.
$5,000,000 to $5,700,000 by the issuing of $700,000 cony, gold notes secured
g., a. f. ($1,000)
by pledge of a portion of the bonds heretofore issued. V. 98,
let con. s. 1. M. Oak. Tran.I 1901
p. 156, 237.
5 g J-J
1,595.000
The company has made a traffic agreement with the Atchison
$3,000.000 ($1.000). g _c•J Mercantile Trust Co., San Fran.,July 1 1931
Topeka
Trustee.
Santa Fe Ry. under which the latter company will reach Sacramento &
let mtge.Oakland TransliCo.) 1898 6 g J-J
1,121,00t July 7 1918 points beyond. V. 98, 13. 1070 and
and
$1,400,000, g.. a. t.. notilnt. at Wells Fargo & Co., Bank,
1072.
N.Y. and
On July 30 1914 the Cal. RR. Commission authorized the
sub. to call
el San Fran., Cal.Safe Dep. & Tr. Co., Trust.
company to
issue $900,000 cony, gold notes to be secured by 1st mtge. 30-yr.
Oak. San Lean. & H. 1st M.
bonds in
250,000
g. $250,00.(11.000)
Int. at Wells Fargo & Co. Bank, Mar. 1 1922 the ratio of 2 to 1 (V.99 p. 408, 343). The proceeds are to pay floating dt.
STOCK ANDBONDS-- Date.
2bd Ave. El. Ry. let snort.. 1893 6 g M-S 15 250,000 N. Y.& S. F
Interest. Outstanding. Maturity.
Mar. 1 1923 Stock
nld ($1.000) $250,000
10,0
j Int. at Wells Fargo & Co.. Bank. N.Y.& S.F First mtg.
's $i,000,000 gold 1911
Alameda Oak Park & Pied Eli 1893
5 g A-0
6 g J-J
2,500,000 Oct 1 1941
18,000 Jan 1 1923
(11,000) sinking fund--c Int. at Union Trust Co.,
Ry 1st M g $350.000
San Fran., trustee.
Oak & Ant 1st M 52,000,000 1910
San Francisco Oakland & an Jose Consolidated AV.
5 g J-J
gold ($1,000) sinking fund_ I Int. at Anglo-Calif. 2,000,000 July 1 1940
General consolidated mort- 1908 5 g M-N 19 11,587,000
Tr Co.. San Fr..trustee.
May
gage, $7,500,000 ($1.000),( Union Trust Co., San Francisco, 19 1938 San Ramon Val 30-yr 1250,g -S
100,000 Mch 1 1942
Trustee
000
1
gold
Int. at Union
c* Interest at office of co., Oakland, or Wells Cony
gold notes, $700.000- 1913 6% Trust Co.. San Fran.. trustee.
Fargo-Nevada Nat. Bank.San Francisco.
294,000 4 years
Cony gold notes $900,000-___ 1914
5%
900,000
(7)




xcix.

ELECTRIC RAILWAYS

972

Bonds.—Oak. Ant. & East. 1st M. bonds are subj. to call at 110 and int.
11918. as follows: 1918-27,inch.
on any int. day. Skg.fd. commencing Feb.1938-41, 8160,000 yearly. Oak835.000 yearly; 1928-37, $75,000 yearly;
Sinking fund beginning
land & Antioch bonds are callable at 110 and int. 1926-35, $35,000 yearly;
May 1 1916. as follows: 1916-25. 515,000 yearly;
51.875
1936-40, $75.000 yearly. San Ramon Valley sinking fund: 1918-27.
convertiyearly; 1927-37, $4,375; 1937-42, $9,375 yearly. The 8700.000
the first year at 1003; second year at 10031, and
ble notes are redeemable
as collateral.
secured
the third and fourth years at 100. They are secured by bonds
by 1st mtge. bonds in
The $900,000 convertible notes of 1914 are
are convertible before maturity on the basis
the ratio of 2 to 1. The notes
or in part on
of 80% of the par value of the bonds and int. Red. in whole
any int. date on 30 days notice.
ROAD.—Total 104 miles in operation. The Sacramento Valley RR.
which will be operated by the Oakland Antioch & Eastern,is practically com
Meted to Dixon, a distance of 10 miles, and was e_ _pected to be in operation
by July 1 1914. The road is to ba extended to Woodland and Red Bluffs,
128 miles.
-Ps . S. L. Napntaly and It. C
OFFICERS.—Pres.. Walter Arnstein; V.
957; V. 96.
Breeden; Sec.. Treas. & Gen. Mgr., Ii. A. Mitchell.—V. 92, p.98, p. 156,
1630, 1773. 1839; V.97. p. 118. 176. 237, 596, 1824; V.
p. 1157.
343, 408.
237, 611, 763, 1072, 1845; V. 99, p.

OIL CITY, PA.
CITIZENS TRACTION CO.—A trolley road.
In 1912 control of road was purchased by a bankers' syndicate, which
Is making considerable extens. and impts. to electric-lighting business.
ORGAN/ZATION.—Incorporated in Pennsylvania May 23 1902 Owns
and operates theCitizens' Light & Power Co.(capital $75.000). the Monarch
Park Hotel Co. (practically an amusement park with 60 acres of ground)
the Big Rock Bridge Co. and the Reno Bridge Co.
Maturity
Interest. Outstanding.
Date.
STOCK AND BONDS—
o dl
$1.000.oue
Common $1.000,000 ($50) _
1.000.00( „T'ly'14,2%%
Preferred $1,000,000 ($50)_ 1,213.000 Apr 1 1942
5 A-0
First mtge 42500.000 gold) 1912
(51,000) sinking fund _c• tf iPa. Co.for Ins. on L. & G. A.,Phila., Trustee
Bonds.—The remaining $1,287.000 bonds are reserved for additions and
extensions under carefully guarded restrictions. Red. at 105 and Int., in
July 1 1918.
whole on or after April 11917. or In part for sink. fd. on or afterAn improveSinking fd. of 1% per ann. becomes operative July 1 1918.
ann. operative on Jan. 1 1923. See V. 94,
ment fund of 3•6 of 1% per
p. 1118, 697. Interest at office of trustee.
Dividends.—First div. on pref.-23•4%—was paid Jan. 2 1913; July.
1913, 2%. In 1914, Jan., 2%; July, 234%.
EARNINGS.—For 12 mos. ending June 30 1913 (incl. Citizens' Lt. &
Power Co.). gross, 5334.399; net, $115,282; fixed doges. (Incl. taxes).
566,146; sur., $49,136. For year end. June 30 1912. gross, $306,890; net.
after taxes, 5102,899; fixed charges. $46,842; surplus. $56,057.
and Oil City
—
ROAD. Operates 34.76 miles of track connecting Franklinthe boroughs
by two routes (on either side of the Allegheny) and reaching
girder rail.
of Rouseville and Siverly. 65-lb. and 70-lb. T rail and 85-lb. controlled
The
Has 49 passenger cars; 11 service cars and 2 snow sweepers
furnishes electric light and power for Oil City
Citizens' Light & Power Co.
and vicinity.
-P.. J. C. Brown; See.,
OFFICERS.—Pres., Joseph Seep. Titusvilie; V.
John E. Zimmermann; Treas., B. W. Frazier Jr.; Oper. Mgrs., Day &
92, p. 1563; V.94, p. 697, 1118, 1316.
Zimmermann, Phila., Pa.—V.

City RFt.. the latter being a reorganization of the Olean Rock City Ss Bradford By. Bradford St. RR. Co has also been consolidated. Owns entire
stock of Shinglehouse St. By. Operates mostly on private right-of-way.
Franchises practically perpetual, except in City of Bradford, where rights
expire in 1944.
On April 15 1910 up-State Pub. Serv. Corn, authorized company to Increase stock from $2,000,000 to 52,600,000 and classify shares as below.
See V. 90, p. 1103. $500,000 ref. bonds were exchanged for $500,000
new 1st pref. stock.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS.—
51.000,000
Common $1,000,000 ($100)1st pre (6% cum) $600,0001 ---J-J
600,000 July'14, 3%
($
199)
3d pref (5% n-c). 51.000.006
1,000,000 No div. yet
($100)
5 g J-J
2,206,000 July 1 1957
First and ref mtge 55,000.0001 1906
Co
v 1 1 o29
, Trustee
c• tf /Int. at Equitable Trust164
.
• gold ($1,000)
5 g MN
,000 Y t).
N
Olean Street By 1st mtge 1899
3225,000 (51.000) goldcatef Int. at Fidelity Trust Co., Buffalo, Trustee,
5 g F-A
106,000 Aug 1 1931
Olean St By 1st eaten mtge) 1901
9130,000 ($1,000) gold.(Int. at Fidelity Trust Co., Buffalo, Trustee.
(Cannot be called)_ _cetf1Sinking fund of $2,000 commenced in 1903.
Bonds.—Of the $5.000,000 1st & ref. bonds, $280,000 are reserved for
prior liens. Additional bonds for extensions and additions at 85% of cost.
Are subject to call at 110 and interest. See V. 91, p. 1162.
Sinking fund on Olean Street By. 1st mtge. of 1899 oecame operative in
Nov. 1901, $4,000 being paid annually, $59.000 had been paid to Jan. 1
1914. Bonds cannot be called. A sinking fund on the 1st mtge. extension
bonds became operative Aug. 1 1903; 122.000 had been paid Into the fund
Jan. 1 1914. In addition. the Shinglehouse RR., whose stock is owned.
has 554,0005% bonds due in 1933. which have a sinking fund of 51.000 yrly.
Dividends.—On let pref. 3% semi-ann. from Jan. 1911 to July1914. Incl.
EARNINGS.—For year ending Dec. 31 1913, gross, $459,040; net,
$229,497; int., taxes, &c., $144,729; surplus, $84,768.
ROAD.—Operates In Olean and Bradford, and between those points:
Ind lines from Bradford to Lewis Run from Olean easterly through Ceres
where a connection Is made with the Shinglehouse RR.) to Bolivar from
Olean westerly to Salamanca and thence to Little Valley: from Seneca
-lb.
unction. N. Y. to Clarkdale, Pa. Total about 98 miles of road. 70
ails. 58 passenger cars, 30 freight cars. 5 snow plows.
-P. and Treas.. Jos. B.
OFFICERS.—Pres- W. R. Page. Olean: V.
Mayer, New York; Sec., James P. Quigley, Salamanca; Gen. Mgr., I. W.
Millen—V. 90, p. 978, 1103; V.91, p. 1162, 1712; V. 92, p. 732.

OMAHA, NEB.

OMAHA & COUNCIL BLUFFS Si REET R V.—A trolley road.
ORGANIZATION.—Incorporated In Nebraska. Owns lines formerly
operated by Omaha Street By. Co.; leases the Omaha & Council Bluffs By.
& Bridge Co. in Council Bluffs, Ia.. until 1947, together with its bridge over
Missouri River, rental being $60,000 per annum, In addition to all fixed
shames.
Strike.—In Sept. 1909 became involved In a strike with its men, and
Company won out.
traffic was tied up for some time
Fare Decision.—Dlstriet Judge Sears on May121114 granted a temporary
Injunction restraining the enforcement of the city ordinance providing for
7 fares for 25c., pending the trial of the suit, on the ground that it appears
from the papers submitted that the rate would be confiscatory. V. 98, p.
1538.
Interest. Outstanding. Maturity
Date.
STOCK AND BONDS—
55,01)0.00)) Oct.'14. 134 %
Common $10.000,000 ($100)OKLAHOMA CITY, OKLA.
4,000.000 Oct.'14.131 %
5 Q-J
Fret 5% cum from Jan 1 1904 ____
RAILWAY CO.—A trolley road.
OKLAHOMA
$5,000.000 ($100)
000 Jan 1 1928
9,619,
5 g J-J
same Interests control the Guthrie Street By. system of 7 miles.
First cons M $10,000,000 g 1902
The
($1,000) no sink fund_c*tf interest at Guaranty Trust Co., New York.
ORGANIZATION.—Incorporated In Oklahoma on June 15 1904 under
-55,000,000 corn. and $1,000.000 pref. stock are set
Stock and Bonds.
On Sept. 21 1907 name changed to
Vie name of Oklahoma City By, Co.
All the Omaha St. By. bonds were
Oklahoma By. Co.. Increasing charter powers so as to constitute both an aside for additions and improvements. presented for redemption. $19,000
not
urban and interurban road and increasing stock from $1,000,000 to $3,000,- retired except 19 bonds, which were
on deposit with trustee to retire these. Of the first consols, $381,000 owned
000. On Apr. 1 1911 purchased Oklahoma City & Suburban Ry. and on
Aug. 1 1911 purchased the El Reno Interurban By. and the city lines and and in treasury.
Dividends.—First dividend on pref. stock, 134%, was paid April 1 1904
franchises in El Reno. The Oklahoma By. owns all the $600,000 outstandto and IncludIng Oct. 1914. On corn., let div.,
ing bonds of the El Reno Interurban and has deposited same as collateral and same amount quarterly
in 1910. Jan.. 2%; July.
coll, trust notes due July 1 1813. In 1911 increased 3%. paid July 1907. In 1908, 4%; In 1909, 4%; 1911, 4%. In 1912 and
for 5450.000 6% 2-year
2%; in Oct. changed to quer. and paid 1%. In
stock from $2,000,000 com. and 51,000.000 pref. to $10,000,000 corn. and
q%; April, 154%; July, 14%; Oct., 131%.
$5,000,000 pref. About two-thirds of road on private right-of-way (incl. 1913, 5%. In 1914, Jan-1
REPORT.—For calendar years:
28 miles of track within city); Oklahoma City franchise perpetual, subject
Other Int., Pf.Div. Com.Div. Bal.,
Net
to right of city to !purchase property on Jan. 31 1932 or at end of any 15- Calendar
Earns. Inc. Tax..&c. (5%). (5%). Surp.
Earns.
Year—
year period thereafter. El Reno franchise expires 1933.
In April 1913 the Norman Interurban By. was incorporated with $150,000
2,996.631 1,424,209 5,622 845,173 200,000 250,000 134,658
capital, to extend the Oklahoma Railway Co.'s interurban line from Moore
1,748 6.910 820,321 200.000 250.000 91,337
2,846,053 1,35,
912
1913
to Norman. and this was in Sept. 1913, about half completed.
On Sept. 12 1913 stockholders were to vote on increasing the bonded debt
• ROAD.—Owns 127 relies of track, being all the street railways In Omaha
by 51.200.000 to refund present floating debt and for construction, &c. and South Omaha, Florence, Benson and Dundee, Neb. Also, by lease or
Bluffs,
V. 97. p. 521.
stock control, receives the earnings of all street railways in Council
Interest. Outstanding, Maturity. Ia. (30 miles), Including the Omaha & Council Bluffs bridge, making
Date.
STOCK AND BONDS—
controlled 159 miles.
53,800.000
total operated or
Common $10,000,000 ($100)_
-P
i%
1.795.900 Jan'12,1 S
-P., Frank T. Hamilton; 2d V.
OFFICERS.—Pros.. G. W. Wattles; V.
Pref $5,000,000($100)5% cum
370.000 Jan 1 1938 & Gen. Mr., W. A. Smith; Sec. & Aud.. W. G. Nicholson; Treas., A. S
5 g J-J
First and refunding mtge,1 1908
Trustee. Widener; Asst. Gen. Mgr., R. A. Leusslen—V. 86, p. 169; V. 91, p. 791
53.000.000 (51.000) g___c•jInt. at Safe Dep. & Tr. Co.. Pittsb.,
2,630.000 Jan 1 1941 V. 93, p. 45; V. 94. p. 351. 912; V. 98, p. 156, 1538.
5 g J-J
First es ref mtge 512,000.0001 1911
c• Int. at Mississippi Valley Tr. Co. St. Louis.
gold (51.000)
Trustee, or Harris Tr. & Say. Bk., Chic.
(1) Omaha & Council Bluffs Railway & Bridge.
400.000 Dec 1 1915
534 J-D
ORGANIZATION.—Incorp.In Iowa in 1902. An electric road. Is leased
Okla Elec Term first mtgel 1910
c int. at Miss. Vali. Trust Co, St. Louis. trus. to the Omaha & Council Bluffs Street By. For terms of lease, see statement
guar as to int
300.000 April 1 1917
6 A-0
Junior mtge notes 5300,0003 1912
of the latter above. Owns entire capital stock of the Omaha Council Bluffs
.(Int. at Miss. Valley Trust Co.. St. Louis. Tr. & Suburban By. and the Lake Manawa & Manhattan Beach By. The
($1,000)
500,000 July 1 1918
6 Q-J
Junior mtge notes 8500,000) 1913
4600.000 mortgage of the former company, made to the Royal Trust Co.
JulySt.
(Int. at Miss. Vail. Tr. Co. St. L. Trustee. of Chicago and Albert E. Johnson, as trustees, is all held by the By. &
(51,000)
1 1916
450,
6% J-J
1911
trust notes
Collateral
Lake Manawa & Manhattan Beach has no funded debt. Fran150,000 May 1 1916 Bridge Co.until 1946. On Nov. 6 1911 U. S
6 M-N
Collateral trust notes 5150,-i 1913
Supreme Court suspended,
run
lint. at Miss. Vail. Tr. Co., St. L., Trustee. chises
000 (51,000)
pending appeal, the order of the Inter-State Commerce Comm (V 89, p.
80,000 See text
6 A-0
Collateral trust notes $80,0001 1913
1597). reducing the fare from Council Bluffs to Omaha from 15 to In cents
Union Tr. Co., Trustee.
lint. at St. Louis
($1,000)
V. 93, p. 1387, 940. On June 9 1913 the U. S. Supreme Court held that
reserved to retire
Bonds.—Ot the 1st & ref. bonds of 1911, $370,000 areexceeding 80% of the Commerce Commission had no authority to make the reduction.—
V. 96, p. 1702.
underlying bonds; remaining bonds can be Issued at not
under certain restrictions.
Date.
Interest. Outstanding, Maturity
STOCK AND BONDS.—
cost of extensions, enlargements and additions
int. date thereafter.
$1,500,000 ______
Subj. to call at 105 and int. on Jan. 1 1021 or any
per ann. of Common $1,500.000 (5100)1110. No s, f., but bonds have a renewal fund of 2%
1,500.000 In 1913,4%
Fret 4% cum from Feb 1 1907 _ _
V. 92, p.
mtge. of 1908 Is limited under the terms of the
51,500,000 (5100)— -----bonds out. The 1st & ref.
deposited as
$2.130,000 are
5 J-J
1, Co:.let
823 000 Jan 1 1928
consol mtge 12.000.000 1902
let & ref. mtge. of 1911 to $2,500,000, of which 1370,000 are out. Mtge.
es tf Interest at Central Trust . N Y.. Trustee.
($1.000) gold
additional security for 1st & ref. 5s of 1911 andnotice at 110 & Int. No s.f.
bonds of 1908 can be called aft. 1917 on 90 days' on any int. day at 10234
the new 1st consolidated mtge. for $2,000,000, $177,000 are
Bonds.—Of
Oklahoma Elec. Term, bonds are subject to call int. by Oklahoma By. Co. reserved for improvements. V.89, p. 1234, 1281; V. 94, p. 1119. $600.000
as to
and int. on 60 days' notice. They are guar. on any int. date at 10134 and bonds of the Omaha Council Bluffs Oc Suburban Ry,are deposited as securp. 796. Junior mtge. notes are red, 1911 were extended for 3 years ity for the 0. & C. B. By. & Bridge consol. 5s.
V. 93,
of
Int. on 30 days' notice. Coll, trust notes$80,000) due serially $20,000 each
EARNINGS.—For cal. year 1913, gross, $542,065; net after taxes,
(auth.
to 1916. Coll, trust notes of 1913
$315,039; rental. $60,000; int., $90,400; deprec., reserve, $26,082; surplus,
to 1917 incl.
Oct. 1 from 1914
dly.-5%—paid Jan. 1909 and 1% quer. $138,557. In 1912, gross, $519,101; net, after taxes, $304,299; rental,
Dividends.—On pref., lat
since.
$60,000; int.. $88,383; deprec'n reserve, $48,923; surplus, $106,993.
since to and incl. Jan. 1912. None
gross, $703,763; net,
ROAD.—Comprises 28 miles of track. Including the trackage of the
EARNINGS.—For year ending June 30 1914,
$7,192; int. & taxes, $269,721; balance, surplus, Omaha Council Bluffs & Suburban By. and the Lake Manawa & Manhattan
$290,261; other income,
against 10,277,334 in 1913 Beach By.. embracing the entire street railways of Council Bluffs. Also
$27,732. Passengers carried in 1914, 12,639,662,
El Reno, Oklahoma City• owns bridge between Omaha and Council Bluffs over the Missouri River.
ROAD.—Operates 112.93 miles of track in placed in operation Dec. 3
-P., Geo. W. Wattles; Sec., C.T.
OFFICERS.—Pres.,Geo. S. Wright; V.
and suburbs, incl. interurban line to El Reno Nov. 15 1913. Standard Stewart; Treas., J. J. Spindler.—V. 89, p. 1597; V. 93, p. 940. 1387; V. 94,
placed in operation
1911. and a line to Norman
freight and other cars; 2 elec- p. 1119; V.96, p. 1702.
gauge; 65. 70 and 100-1b. rails. 93 pass. and 21
extension to Guthrie, of which
tric and 1 steam locomotive. Is building an
OMAHA & LINCOLN RAILWAY & LIGHT CO.
in operation May 28 1911.
15 miles to Edmond is completed, and was placed
-As as the Illinois Traction Co. (see under
Controlled by the same Intern
-P. &
-P., J. W. Shartel; V.
V.
OFFICERS.—Pres., Anton H. Classen;
Brinier; Champaign. III.).
Treas.. Henry M.
Gen. Mgr.. Geo. W. Knox; Sec.. Chas. Hoopes; 1033, 1110; V. 97, p. 521.
ORGANIZATION.—Incorporated in Nebraska in July 1913 as suc92, p. 323,
General offices, Oklahoma City.—V.
cessor to the Nebraska Traction & Power Co. In March 1914 filed a
mortgage to the Central Trust Co. of Illinois (authorized amount, $2,250,000) as below. The proceeds will be devoted largely to extending
the lines from Omaha to Lincoln. V. 98, p. 913. Stock, 3750.000.
OLEAN, N. 'Y.
Date.
CO.—A
Interest. Outstanding. Maturity.
STOCK AND BONDS—
WESTERN NEW YORK & PENNSYLVANIA TRACTION
Oct 1 1938
3125,000
5 g A-0
First mtge, $2.250,000 (314 1913
trolley road.
000) no sinking fund_ _ _ _c*lInt. at Central Tr. Co. of III., Chic.,Trustee.
York and Pennsylvania on
ORGANIZATION.—Incorporated in New
Bonds.—Subject to call on any interest date at 105 and interest.
Nov. 17 1905, and is a consolidation of the Olean Street By. and the Rock




SEPT., 1914
.1

ELECTRIC RAILWAYS

ROAD.
-Operates from South Omaha to Papillon,
11.5 miles. Is
building an extension from Omaha
to Lincoln. In March 1914 it was
reported that 17 miles of this
were in operation.
OFFICERS.-Pres. & Gen. Mgr., H. E. Chubbu
ck; V.
-P., Arthur
English; Sec., Geo. M. Mattis; Treas.
St And., W. J. Achelpohl. V. 98,
p. 913.

ONEONTA, N. Y.

93

STOCK AND BONDSDate.
Interest. Outstanding. Maturtill.
3tock, 81,000,000
$880,000
let mtge.g. Parkersburg lines_
1898
5
150,000
1938
1st mtge. Marietta lines
1902
6
150,000 June 1 1942
Consol mtge.all lines
1902
5
550.000
1942
Bonds.-lst M. bonds on
to call after March 1 1918. Marietta lines and Parkersburg lines are subj.
EARNINGS.
-For year ending Dec. 31
1912, gross, $396,090; net.
$168,553.
ROAD.
-Operates 54.56 miles of track,
including an extension of 12 miles
Co Marietta and 10 miles from
Lowell to Beverly, 0. Uses bridge of the
Ohio River Bridge & Ferry
Co.
W. Va. See V. 77, p. 1747. between Marietta. Ohio. and Williamstown,
OFFICERS.-Pres., S. D. Camde
n; Sec., W W. Van Winkle; Treas.,
.7. N. Tabb; Gen. Mgr., Henry
H. Archer.
-V. 77, p. 1747; V. 90, p 447.

OTSEGO & HERKIMER RR.
-A trolley road.
ORGANIZATION.
-Succeeded on July 10 1909 the Oneonta & Mohawk
Valley RR. V. 89, P. 411. Stock issued, $500,000.
On Oct. 1 1913
issued $1,200,000 50
-year 5% bonds (tf) of issue of $2,500,000. $1,000,000
were issued for the plant of the Ilartwick Power Co.. which supplie
s the company with power,and for the cancellation of liabilities at par;
the remainder
was sold at 80 for cash.
EARNINGS-For year ending Juno 30 1914, gross, $254,5
96; net.
after taxes, $68,878.
ROAD.
-Operates 85 miles of track between Oneonta. Cooperstown,
Richfield Springs and Mohawk. at which latter point it connects
with the
PASCAGOULA, MISS.
N. Y. State Rys. for Utica, 13 miles. Total operated, 80.04 miles.
PASCAGOULA STREET RV.
Rails,
60 to 90 lbs.; 39 cars.
ec. POWER CO.
-A trolley road.
ORGANIZATION.
-Incorporated in Mississippi in Jan. 1903.
OFFICERS.-Pres., Jos. B. Mayer;
iAr.-P• & Sec.. Louis F. Reed;
STOCK AND BONDS.2d V.
-P.,& Gen. Mgr., S. W. Mower,Cooperstown, N.Y--V.92, p.
Date,
Interest. Outstanding. Maturity.
1636: Stock $500,000 ($100) _ V. 95, p. 1473; V. 96, p. 791.
$500,000
let mortgage $350,000 goldl
1904
5 g J-J
350,000 Jan 1 1929
(21.000)
el Int. at Columbia Tr. Co.. Loulev.. Truste
OSSINING, N. Y.
e.
Bonds.
-No sinking fund and bonds
HUDSON RIVER & EASTERN TRACTION CO.
are not subject to call.
EARNINGS.
-For cal.
ORGANIZATION.
-Incorporated In New York on Feb. 15 1906.
170. 1912, gross, $73,469;year 1913, gross, $74,589; net, after taxes, $18.On
net, after taxes, $18,885.
May 23 1911 Pub. Serv. Comm. granted permission to
build an extension
ROAD.
-Operates 9.7 miles In
from Ossining through Briarcliff Manor. Pleasantville and
Pascagoula, Scranton. East Side and
Sherman Pail lloss Point. Standard
to White Plains, 17 miles. 3 miles in Ossining are in operati
gauge. 50-lb. rail.
27 1911 Pub Serv. Comm. auth. $806,000 additional bondson. On Dec
to complete S.OFFICERS.-Pres.. S. A. Culbertson. Louisville; V.
extension to White Plains. V. 94, p. 68. Up to May
-P. and Gen. mfr..
S. Bush, Louisville; Sec., J.
1913 855,000 of
these were outstanding.
Louisville; Supt.. R. A. BowersD. Winston; Treas., Columbia Trust Co..
. Pascagoula.
-V. 82. D• 569
STOCK AND BONDS.- Date.
.
Interest. Outstanding. Afaturft
t,.
Stock $400,000
884,000
1st mortgage $1.000,000 gold 1907
5 g F-A
130,000
($1,000)
PATCHOGUE, LONG ISLAND, N.
o&r Mint. at Equitable Trust Co., N. Feb 1 1967
Y.
Bonds.
-Are subject to call on or after Feb. 1 1912 on any Y , Trustee.
SUFFOLK TRACTION CO.
int, day at 105
nd int.
ORGANIZATION.-Incorp. June
EARNINGS.
27 1906
-For calendar year 1912. gross, $28,673.
In 1911. gross, electric road on Long Island about 23 miles in in N. Y. Is to construct an
$29,191.
length, extexding from Great
South Bay at Patchogue to
the Sound at Port
OFFICERS -Pros., 0. G. Bennett, New York;
of Islip
V.
-P., Arthur A. Me- rights along the south shore to the village ofJefferson, and from the town
Givney, N. Y.; Sec., Henry D. Swain. Ossining; Treas.
Brookhaven, with trackage
of about :3 additional miles
& Gen. Mgr., W.
in the town of Islip to
L. Stratton, Ossining. N. Y.- V. 94. p. 68.
ville. One-half road will be
owned in fee; remainder willthe village of Saypublic highways. Franchises
be constructed on
The Suffolk Syndicate (see perpetual.
"Elec. By. Sec." of Jan. 27 1912),
OTTUMWA, IOWA.
originally to construct road, has
which was
been released from its contract, and
OTTUMWA RAILWAY & LIGHT CO.
to be built and equipped by
-Trolley.
road Is
subscription managers.
$630,200 corn.. $234,500 pref. and 3206.000 let & ref.
STOCK AND BONDSbonds are owned Stock
Date,
Interest. Outstanding. Maturity.
by the Standard Gas & Electric Co.
$500,000 ($100)___
See text
First mortgage (see text) __ tf
ORGANIZATION.
-Incorporated in Delaware on
f 1907
Dec.
5 J-J
See text July 1
cessor to the Ottumwa Traction & Light Co. The latter' 11 1905 as sue
1Long Island Loan & Trust Co., Truste1957
e.
street railway, electric lighting and steam-heating plants s franchises for
Stock and Bonds.
-All the stock and bond issues
were extended of stock
excepting 360.000 each
by municipal election on July 8 1901 for 25 years.
and bonds (paid
subscription managers at to Suffolk Syndicate) are reserved to deliver to
STOCK AND BONDS
Date. Interest. Outstanding.
$20.000 per mile. The 1st M. was
for 81,200.000 auth. bonds
maturity
Corn., $650,000 ($100)but was subsequently reduced to originally
4650,000
V. 94, p 983.
$500,000.
Pref., 31.250,000 ($100)7% ott
Q-J 15
449,900 July15 14,1 ji
1st and ref. mtg., 81,500.-i 1906
ROAD.
-Is to run from Sayville
5 g J-J
1,034,000
to Patchogue and from
000, gold (81.000)
north to l'ort Jefferson.
c* Int. at Central Trust Co., ChicagJan.1 1924
About 8 miles completed and operat Patchogue
o. Trustee.
Ott. Tr & Lt. 1st M., $500,- 1901
5 g A-0
294,000 Oct 1 1921 tension to Sayville west, 4 miles, was put in operation Aug. ed. An ex000 ($1.00() gold, s f c• Int at U.S. Mort.
10 1914.
&
OFFICERS.-Pres., Thos. L. Hughes
Stock.-Pref. Is cumulative from and after July Tr. Co., N. Y., Trustee
; Sec. & Treas., Jolla H.
-V.87. p. 1239; V. 94, p. 983.
1 1909; *edeem. at 110. ton.
Benning13cmds.-Of the 1st & ref. M. for $1,500
,000, $292,000 are reserved to
retire prior liens, $61,000 are redeemed and $113,0
00
tensions and betterments. The new bonds are subjec are reserved for ext to
PATTON, PA.
A sinking fund of 1% per annum on bonds out comme call at 103 and int.
nced July 1 1909.
NORTHERN CAMBRIA STREE
The Ottumwa Traction & Light Co. bonds can be
T RY. CO.
called since Oct. 1 1911
at 105 and int. and each year thereafter at Yi% less
ORGANIZATION.
-Incorporated Oct. 8 1001 In Pennsy
until par Is reached.
V. 74, p. 95. Sinking ,fund on these bonds of
lvania.
STOCK AND BONDS.from 1907 to 1910 and $8,000 annually from $5,000 annually Is operative
Date.
Interest. Outstanding. Maturity
1911 to 1921.
Stock $600,000($501
Dividends.-InIttal div. on pref.8426,000
1 'X %-paid Oct. 1909 and same 1st mtge $600,000 ($500 wadi 1905
amount quarterly since to and including July
5 g M-N
410,00
1935
1914.
$1.000) gold
c* Mint. at Knickerbocker Tr. Co..0
EARNINGS.
N.Y.. trustee
-For year end. July
Bonds.
-Are subject to call 1915 at 105. Sinkin
taxes, $146,194; interest, $67,268; pref.31 1914, gross,$324,446; net after
g fund of 3% of gT088
divs., $31,493; surplus, $47,433.
earnings began 1010; after 1915 become
s 4% and 1920 5%.
ROAD.
-Operates 13 miles of trolley road
EARNINGS.
in city of Ottumwa, Iowa
-For cal. year 1912,gross, $52,334; in 1911,
Weight of rails, 60-lb. T. Standard
gross, $51,208.
Also does municipal, comROAD.
-Operates 13 miles between Patton.
mercial and residence electric-lightinggauge
Barnesboro and Carroll(including 60 miles of pole line. town. Standa
carrying 194 miles of wire); supplies electri
rd gauge, 70-lb. T and girder rails.
c power for stationary motors
&c., and operates a system of steam heatin
OFFICERS.-Pres., W. H. Denlinger;
g, with 3 miles of mains.
V.
Allport; Treas.. H. F. Bigler; Gen. Mgr.. J. -P., R. Peale: Sec.. Jas. H.
OFFICERS.-Pres., Arthur S. Iluey;
L. McNells.
Sec., R. J. Graf; Treas., J. J.
O'Brien; Gen. Mgr., C. E. Fahrney;
-V.82, p. 1269; V.89, p. 994; V.97, Mgrs., H. M. Byllesbv & Co.. Chic.
p. 237, 1899; V.99, p. 675.

PEEKSKILL, N. Y.

PEEKSKILL LIGHTING & RAILROAD.
PADUCAH, KY.
PADUCAH TRACTION &
In 1909 Westchester Lighting Co., control
LIGHT CO.
purchased the entire common stock and led by Consol. Gas Co. of N. Y
ORGANIZATION.
-Incorporated In Maine on Nov.
a block of pref. of the Peekskill
all the securities of the
Paducah Tree. Co. and Paducah17 1905 and owns Lighting & RR. See Westchester Lighting Co., V. 89. p. 108.
which companies do entire
Lt. & Power Co..
ORGANIZATION.
-Incorporated as the Peekskill Lighting
electric railway, gas and
lighting and power busines
Co.
s, and also a steam-heating commercial electric- 12 1900; subsequently purchased the Peekskill Gas Light Co. and on July
Street railway and
Peekskill
business, in
Electric Light ec Power Co. Name change
d as above upon purchase of the
spectively; gas andelectric-lighting franchises expire in 1931 and Paducah. Peekskill Traction
steam-heating franchises
1932, reon Aug. 31 1900. Comprises all the gas,
are perpetual.
electric light
power and street railway Interests of Peekski
STOCK AND BONDSll. Franchises of electrioDate.
Interest. Outstanding,
Gommon,$1.000,000 ($100)
Maturity. ghting plants and railways are perpetual. Gas franchises liberal.
Prof 5% cum 51,000,000(5100) -___
51.000,000
STOCK AND BONDS.- Date.
J-D
Interest. Outstanding.
500.000 J'ne '07, 1% Common $500,000
Coll. tr. mtg.. 52.000,000,4 1905
Maturity.
5 g M-N
gold
676,000 Nov. 1 1935 Preferred $150,000(1.100)-------------$500,000 1010-11. 4%
tf lint. at
6
6 J-D
150,000
Pada St By 1st M 2100.000 st1 1890 State St. Trust Co., Boston, Trustee. 1st mtge $750.000 % cum__ _ ____
,
See text
($1,000)1 1900
5 g A-0
646,000 Oct 1 1930
sink fund of $1,200 ann_ Mint. at 6 g J-J
77,000 July 1 1920
gold, sinking fund_ _ _ _c•fInterest
at N. Y. Trust Co., N. Y., Trustee.
Paduo St Rymtge ($250,000)1 1893 Columbia Trust Co., Louisville Trus.
bonds.
8
100,000 July 1 1923 Interes -Whole Issue (but no fractional part) can be redeemed
after July 1 '13 at Int. at Fide
g callable aftlitJ-J
on any
t date at 110 and
y Trust Co., Louisvi
par do lot
interest.
lle. True. at the rate
Sinking
tf
of $10 80, per bond outstanding, beginn fund Is provided
perm L P & By 1st 31 $100,- 1898
r. mainIng bonds can only
ing Oct. 1903. The
6 31-S
100,000 Sept 1 1917
be issued for extensions, &c., at 75%
000 g callable in whole or Interest at Citizen
cost, and only when net
of actual
s' Savings. Bank,Paduca
part at par and interest ntt
h, at least twice the interes earnings of the previous 12 months are equal to
t on the outstanding
Paducah City By. M..$1.000.1 1902
5 g .14
238,000 July 1 1932 See V. 71, p. 913. $14,000 are in treasury.bonds and the proposed issue.
($500-$1,000)-cstf Int. at N. Y.
000.g.,
Dividends.
Trust Co., N. Y., Trustee.
-8% per annum paid
Notes payable June 30 1914
common, in 1906, 1%; In 1907, on pref. stock up to Dec. 2 1912. On
296.500
1909-10, 2%; in 1910-11, 4%. 314%: in 1908. 4%i in 1909. 4%; in
-$100,000 pref. stock in additi
Stock and Bonds.
on to amount reported
None since.
outstanding is held in treasury. Red. at
EARNINGS.
110. Of the $2,000,000
-For year ending June 30 1912:
new $70,200; net (after
bonds, $515,000 are reserved to retire prior liens. $290,0
Gross from railway only,
rents
$519,000 for future impts. Subj. to call as a whole 00 are In treas. and sources, $57,328; total and taxes) from railway. $11,597; net from other
at 105 and int. A
income. $68,925; fixed charges,
sinking fund, if earned, of I% per ann. of bonds
&c., $35,623;
out commenced Nov. 1 dividends. $9,000; surplus, $24,302.
1906 and became obligatory Nov. 1 1911. $35,000 bonds
ROAD.
-Owns and operates 10.64
were held in
sinking fund July 1 1914. Of Paducah St. By. bonds of
miles of track in Peekskill and to
1890, $23,000 held Ifohegan and Verplanck's Point, with
Lake
sinking fund on Dec. 31 1913. Of its bonds of
by
branch to State Camp.
1893,
OFFICERS.to retire let M.bonds due 1920. Mortgage closed except 8100,000 reserved
for refunding pur- Ossining; Sec.. Pres.. F. A. Stratton. Mt. Vernon; V.
-P., Stuart Wilder,
poses. Paducah City By. mortgage is closed.
Dr. B. W. Stillwell; Treas.
. R. A. Carter; Asst. Treas.,
H.D.Swain, Ossining. Genera
Dividends.
-First dIv. on pref. stock, 1%, was
l office, Peekskill, N. Y.
pald Dec. I 1906, and
1% was paid again on June 1 1907.
-V.85, p. 103.
None since to June 30 1912.
EARNINGS.
-Of combined cos. for 12 mos. ending
PUTNAM & WESTCHESTER TRACT
Juno 30 1914, gross.
$308,017; net, after taxes, $111,501; interest charge
ION CO.
s, $80,596; sink. funds,
ORGANIZATION.
*11,028; balance, surplus, $19,877.
-Incorporated
authorized and issued. $75,000; par,in New York in July 1906. Stock
-Embraces 19.1 miles of track; standa
$100. First mtge. auth.
ROAD.
outstanding $71,000, g. (cstf) 5% J-J,
rd gauge. 51 cars.
$200,000
due
OFFICERS.-Pres., Frederick P. Royce;
Knickerbocker Trust Co.. trustee. Subjec July 1 1937; int. at Columbia
V.
-Ps., Harry T. Edgar and ings for
Dwight P. Robinson, Boston; Sec., Alvah K.Todd;
year 1912 gross, $16,443; net, t to call at 105 and int. Earn
Treas., Henry B.Saw- $1.257. Road,
$5,113
yer; Gen. Mgrs., Stone & Websetr Mgt. Assn., Boston
4 miles, from Peekskill to Oregon ; charges, $3.856; surplus
.
-V.83, p. 1229.
, Putnam Co.
Treas., 0. G. Bennett; V.
-P.. W.L. Stratton; Sec. & Treas.. Pres.& Asst
H. D. Swain

PARKERSBURG, W. VA.

PARKERSBURG MARIETTA & INTER
URBAN R Y.
-A trolley road
PEN ARGYL, PA.
ORGANIZATION.
-Consolidation of the Parkersburg
& Interurban fly.,
SLATE BELT ELECTRIC STREE
Ike Parkersburg Gas, Elec. Lt. & St. By. Co. and the Mariet
T R V.
-A trolley road.
ta Elec. Co.
1910 increased authorized stock from $440,000 to
ORGANIZATION.
In
-Incorporated in Pennsy
21.000,000. V. 90, Was former
lvania on Feb. 14
0. 447.
ly leased to the Lehigh
1899,
on May 10 1904, owing to default in Valley Traction Co.. but lease cancel
ed
payment of rental.




ELECTRIC RAILWAYS

91

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$360,000
1942
Stock $360,000 ($50) 0 gold1912
130,000
5 g J-J
1
First mtge $130,00
Int. at the E. P. Wilbur Tr.Co-So.Beth..Tr
($500 & 51.000) ____ __c' tf 1912
1942
270,000
4 g J-J
tinge $270,000 gold
Second
The E. P.Wilbur Tr.Co.,So.Beth.,Tr.
($100. $500 & $1,000)c' tf Int. at at 102 on any int. date. 2d mtge
Bonds.-ist mtge bonds are callable Interest date.
at par on any
bonds are subject to call miles of track from Nazareth to Bangor. 67-lb.
-Operates 18
ROAD.
cars.
rails. 10 cars. 6 miscellaneous
-P., Dr. .1. C.
hem, Pa.: V.
OFFICERS.-Pres., C. H. Latta, Bethle Mgr., L. H. Mountney.
Sec. dc Treas., G. A. Schneebeli; Gen.
Keller:

PENSACOLA, FLA.

[VOL. xcix.

dlys. & prin. Red. at any time
Stock.-Pref. stock is pref. both as to
com. stock are listed on Phila. Stock
after 3 yrs. from issue at 110. Pref.&
Exchange.
Is secured by deposit or a like
-The collat. trust issue of 1905 are redeemable since March 1
Bonds.
They
amount of Scranton By. pref. stock. V.81. p.1847.
1907 at 10234 and accrued Interest.
ble on any Int. date at 102 and
The 1907 coll, trust bonds are redeema
consists of 51,475,000 stock of the
interest. The collateral for the bonds
n Ely. Co.
of the
Val. hlec.Ry.and 51,975,000 stock 84. p. Scranto
Altoona & Logan
1367.
Exchange. V.
Bonds are listed on the Phila. Stock Into stock at par at option of holder
Coll, trust bonds of 1911 are cony. V.03, p. 162, 526. No sinking fund
at any time prior to Aug. 1 1913. See date at 102. The collateral for the
but bonds are subject to call on any Int. 52,500.000 Issued) of the People's
of
bonds consists of 52.250,000 stock (out
5s of the Chic.& Joliet Elec. By.
By.of Dayton and 51,600,000 first consol.
are red, on any Int, day at 10234 and
Lynchburg-Roanoke coll. tr. bonds 14,975 shares and 9,725 shares of
secured by deposit of
Int. They are
Trac. & Lt. Co. stocks, respectively.
Lynchb. Trac. & Lt. Co. and Roan. Stock Exchange.
Bonds are listed on the Philadelphia
bonds outstanding.
Ohio Valley Electric, collateral trust
Of the $2,000,000
5723,000 are owned by American Rys. 1 each year to 1923 inclusive.
Car Trust Cerlfs.-15 ctfs. mature Aug.
the securities owned by th9
-The following is a list ofJan. 1914 company disposed
CONTROLLED.
1914. In
American Rys. Co. as of Juno 30 By. stock-see statement for that comof its holdings of Johnstown Pass.
Book
pany under "Johnstown."
Owned by
Value.
Outstanding. Am,R. Co.
51,500,000 51,500,000 5403,750
180.000
Altoona & Logan ValleyjStock
200,000
IConsol M.4 SO_ 3,754,000
619,802
723.000
2,000,000
Amer. Rys. Ohio Valley coll. trust 5s
321:000000
1,000
1,000
Bellwood Repair & Supply Co. stock
32,000
32,000
County
Boyd Coty Electric Co. stock
B
,
100.000
500,000100000
Bridgeton Electric Co. stock
459,364
,
Bridgeton & MillyIlle(N.j)Trac.Co.stock. 2,300,000 2,300,000
121,676
ock
Chicago & Joliet Elec. Ry.jSt
1,600,000 1,600,000 1,280,000
1Gen. M. 5s
58,1
1,100,000 1,100,000
Chic.& DesplainesVal.Elec.Ry.jStock
800,000
11st M. 5s 1,000,000 1,000,000
66
05 sh 1
520 8h..?) 594.
.
:
fS : o 3 (
Chicago Rys. Co. participating certs_ __ _iser Ne 4 (2 0

PENSACOLA ELECTRIC CO.
-Incorporated in Maine on July 6 1906, and is sucORGANIZATION.
al Co. Owns the securities of the
cessor to the Pensacola Electric Termin Co. Does all the street railway
Escambia County Elec. Light & Power of Pensacola. Railway franchise
and power business
and electric lighting
al.
xpires in 1933; lighting franchise perpetu
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
$800,000
Common 51.050.000($100) - -- ---300,000 June'14.3%
J-1)
____
Pref. s500.000(stoo) fin cum_ 1908
h86,000 Aug 1 1931
5 g F-A
1st mtge 51,500.000 gold__tf 1
hut, at Old Colony Trust Co., Bost., Trustee.
250,000 Mch 1 1916
6 M-S
1911
Cony notes $250.000 gold int. at Old Colony Tr. Co., Boston. Trustee.
($100. $500 & 51.000)0 ntff ____
215,000
June 30 1914_ _
Notes payable
0 common is held
-The pre. stock Is redeemable at 115. 5250,00
Stock.
conversion of cony. notes.
for
additions and improvements at 80
-$554.000 are reserved for A sinking fund of 1% per annum of,
Bonds.
treasury.
of cost and 532,000 are inDec. 1 1907; first five payments were waiyable
bonds outstanding began
1 1912. Bonds subject to call as a whole
became a fixed charge on Dec. part for sinking fund only. V.83, p. 156'
but
and in
at any time at 105 and int.,d. Cony. notes are callable as a whole at 100
$28,000 have been cancele
Mar. 1 1913 on 60 days' notice. They are
and int, on any hit, date after
n stock at par. V. 91, p. 1769.
cony. at option of holder into commo
on pref. June 1 1907 and 3% was
Disidends.-First div., of 3%, was paid passed because of strike on comdividend
paid Dec. 2 1907. In 1908 June Dec. 1909. when divs. were resumed and
lines. None after that to
pany's
on account of accumulations were paid. March
3% regular and 3% extra account of accumulations; June 1910 3% regular
1910 paid another 3% on all accumulations; Dec., 3%. In 1911, 1012
extra, paying up
and 3%
and 1913., 6%. In 1914, June, 3%.
$285,662; net,
-For 12 mos. ending Juno 30 1914, gross, fund, $13,388:
EARNINGS.
, $72,331; sinking
after taxes, $107,301; interest charges
521,593.
balance,
d gauge; 34 motor and
-Operates 20.8 miles of track; standar
ROAD.
cars.
7 trail passenger cars and 8 other
-P., Charles F,
ah: V.
OFFICERS.-Pres., Geo. J. Baldwin, Savann Treas., Henry B. SawAlvah K. Todd;
Wallace and Harry H. Hunt; Sect.. Mgt. Assn., Boston, Mass.
-V. 89, p.
r
yer; Managers, Stone & Webste
1769: V. 93, p.1535.
1,142: V.90, p. 503: V. 91. p. 1711.

34,650
34,650
Citizens' Light & Ice Co.
50,000
ConsolidatedHeat, Light & Power stock
0
.0 0
5008:050084
50.0 0
100.000
100,000
& Ry. Co. 1st M 6s
Consol Light
150,000
150,000
00
55.0000
11 0..000
Dellwood Park Co. stock
10.000
10,000
Estate
Franklin Real Este Co. stock
15.000
00
15..0 0
,8 00
Ironton Electric Co. stock
1,000000
Common
5 046
258.'100
758,000
1,000.000
Johnstown Trac. Co{Preferred
20,000
2,000,000
1st & ref. 5s
85 0
114; 80
114,500
115,000
Lackaw Valley Trac Co 1st M es
751,124
750,000
(Stock750,000
Lynchburg Trac. & Light
174,238
203,000
1Consol. H. 55 1,750,000
3,720
4,000
818,000
(1st M. 5s_
2,000,000 1.973,480 2.124,158
Valley Elec. By,, common
Ohio
2.500,000 2,500,000 2,734,238
People's By. of Dayton. 0., stock
781,124
975,000
1,000,000
Roanoke Trac & Light(Stock
34,200
38,000
llst M & coll tr_ 1,622,000
60.000
60,000
355,500
Scranton & Pittston Trac Co 1st M Os
2,000,000 1,998,450 2.001,600
n Railway Co.JCommon
Scranto
1,500,000 1,499,250 1,499,240
lyreterred
PEORIA, ILL.
30.959
994,400
(Common stock 1,000,000
500000
-For statement of this company
CO.
500,000
500,000
By. Co..(Pref. stock...._
PEORIA RAILWAY TERMINAL .
Springfield, 0..
50,000
50,000
50,000
and Industrial Section
see our Railway
The Peagiand Corporation (50% paid)
$16,195,525
Total book value
PETALUMA. CAL.
report in V. 99, p. 812).
trolley road.
Report for 12 Months ending June 30 (See 1913-14 1911-12.
1910-11.
SAN FRANCISCO NORTHERN RY.-A
1912-13.
1913-14.
reoras a
5810,414
5864,375
IZATION.-Incorporated In California May 13 1914
$993,442
ORGAN
Gross income,ail sources $1,036,361
387,926
Santa Rosa By.
401,075
468,506
ganization of the Petaluma &
442,532
t, texts, &c
Interest. Outstanding. Maturity. Interes
Dale,
STOCK AND BONDS.5422,488
$463,300
6
7)
$524,93
$593,829
Net income
381,788
Com stock $2,000,000(5100)-----( 7)
392,289
491,849
542,789
Dividends*
Pref $500,000 ($100)
Petaluma & Santa Rosa Ry. Bonds
571,011
1 1924
679,000 Mch
5
551,040
Surplus
1st mtge 51,000,000 gold( 1904 t at g
the common stock and 7% on prof.
Mercantile Trust Co., San Fran..
c•i Interes
* Dividends in 1913-14 include 6% on
($1.000)
1911-12 and
Trustee, or at U. S. Mtge. & Tr.Co.. N.Y In 1912-13 include 6% on common and 534% on the pref. In
1915
217,000
6
1910-11 include common, 6%.
2d mortgage $250,000 gold 1905 ile g A-0 Co., San Fran., Trustee.
Trust
ef Mercant
(51,000)
on pref. stock were
-The first mortgage bonds have a sinking
-Quarterly dividends of 1 % each 1% Dec. 1900, and
DIVIDENDS.
Petaluma & Santa Rosa Bonds.
0 are reserved for extensions
First dividend on common stock,
fund "ample to take care of bonds." $170,00 have been retired; $80,000 begun in Feb. 1913. ts since then, but rate increased to 134% Dec. 1901
quar. paymen
at 517,500 per mile and 575% of cast; $71,000
rate has been continued up to anti
110. $33,000 second mortgage regular
and then to 134% Dec. 1902, which
pledged as collateral. Are subject to call at
Sept 1914.
bonds are held in treasury.
pol including
year
Petaluma through Sebasto
American Railways Co. for Vall.
ROAD.-Operates 43 miles of track from Forestville and Liberty to Two
CONTROLLED COMPANIES of the
(without Kanawha
to
to Santa Rosa. with branches Sebastopol s for San Francisco. Owns and ending June 30 1914. The companies controlled $5,164,008 in 1912-13.
Connects at Petaluma with steamer Standard gauge. 70-lb. T rails Trac.) earned combined: Gross, $5,563,289, against
Rocks.
,683, against 100,343,051 in 1912-13.
operates steamers "Gold!'and "Petaluma."
Pass. carried in 1013-14, 106,825
miles; about 782 cars. Also owns
-V. 98, p. 1768.
-Total track about 416 Altoona, Dayton, Springfield, BridgeROAD.
in
for
about 316 acres of land and parks e.
Roanok
PHILADELPHIA, PA.
Lynchburg
ton, Joliet,
J. J. Sullivan; V.-Ps. Wm,H.
AMERICAN RAILWAYS CO.
OFFICERS of American Rys. Co.: Pres.,
under laws of
: Sec. and Treas., Walter W. Perkins; Asst.
-The American Rys. Co. was incorp.
ORGANIZATION.
Sisters" Sheimerdine, C. L. S. TingleyJ. Pryor Jr.: Gen. Counsel, II. B. Gill; Gen.
passage of the "Seven
(but in Fob. 1913, after the re as a precautionary measure. Sec., Treas. & Comp., Frank
N. J. in 1900
offices, 904 to 917 Witherspoon Building,
bills In N. J., took out a charter in Delawa former American Railways Co. Mgr., H. J. Crowley. Generalp. 1242. 1435, Y.93, p. 162, 468, 526, 795,
the
latter had 1321 Walnut St., Phila.-Y.92,
V. 96, p. 553) as a consolidation of
Electric Ralway & Light Co., which controlling 938.1385.1784:V.94.0.696.1382: Y.95. p.740,817,880.1038.1202, 1206,
and the United States
a
stock. In Dec. 1005 purchased common and 1744; V. 96, p. 284,553,V. 97,p. 802.1353, 1424; V. 98,p. 154, 609, 1607,
only $1,000 of outstanding Co..
par ($50) for both
1765; V. 09, p. 812.
Interest in the Scranton By.1847.paying pref. stock of the Scranton Fly
The
p.
preferred stock. V. 81,
ey.
below (V.81, p. 1847). V.82. p. 1375.
(1) Bridgeton & Mill ville Traction -Troll
paid for In the trust cents. given Johnstown Pass. Ry.,the Lynchburg
was
the
-Chartered In New Jersey as successor May 3 1897
ORGANIZATION.
In Jan. 1910 acquired control of e Traction & Light Co.(V.80. p. 1595:
Roanok
sure. Company owns two
Traction & Light Co. and the new issues of collateral trust bonds to provide to the South Jersey Traction Co.. sold in foreclois
perpetual.
roads besides the trolley road. Franchise
V. 90, p. 235), and made two
p.235. In Jan. 1914 the
same. V.89. p. 1595: V.00 to the Johnstown Traction toll
In part for cost of Johnstown Pass. By. stock
'
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSAmer. Rys. sold the
bonds were called for
$500,000
the collateral trust
Stock, $500,000 ($50)
Co. (see under "Johnstown )and
500.000 Jan. 11030
5 g Jur
gold,) 1900
payment July 1 1914. the Du Page Construction Co. of Illinois was dis- First mtge $500,000.$5001.1Interest at Equitable Trust Co., Philadelguar ($1,000 and
ot the Chicago &
During year 1909-10
bonds
be called)__ --se al phla. Trustee
assets (consisting of all the stock and Valley Electric Ry.)
(cannot
solved and Its
Chicago & Desplaines
an Railway Co. see V. 71, p.
tion was
Joliet Electric fly. and the
-For form of guaranty by Americlphia StocksExchange In Feb.
Bonds.
Railways Co. The Peakiand Corpora an Rys.)
the Philade
Americ
taken over by American
491. The bonus were listed ond) are deposited as security under the
with $50,000 stock (all owned by
urg.
formed during 1909-10
1901. The following (allowe
real estate in vicinity of Lynchb
to acquire and ownabout $1,700,000 of Inter-State By. col. tr. 4s In an mortgage:
bonds in 1,000 shares of the stock of the Bridgeton Rapid Transit Co.
/n 1909 acquired
property and issued Its 434% cony,
" Bridgeton & Millville Turnpike Co.
"
endeavor to reorganize that 88, p, 503). but in Dee. 1910 allowed bond577
4s-$1,000 49 $250.000 (entire issue) 5% gold bonds of the Bridgeton Electric Co.
exchange for the same (V.
bonds and take back the Inter-State
holders to surrender the was accepted by all but a trilling amount of the
on to Bivalve, 2134 otter
ROAD.-Bridgeton to Millville, 11 miles; Bridget
for $500 4 As. The
1511, 1573, 1710.
miles. Total, 3734 miles. Cars: pass., 29;
bonds. V. 91, p. 1445. ments were completed for the acquisition of the miles; Bridgeton, local, 534
In Aug. 1911 arrange issued $2,000,000 coll, trust bonds to pay for others, 5; total, 34.
and
03. p. 488.
and C. L. S.
Ohio Valley Elec. By.
-Ps.,
Improvements. V. 92. p. 1435; V.pref. stock
OFFICERS,-Pres.. J. J. Sullivan; V. ; Ff. J. Crowley F. Hires.
same and for extensions and
authorized $4,000,000 7% cum.
Treas., Walter W. Perkins Gen. Mgr., B.
;
Oct. 17 1912 shareholders par to stockholders. V. 95, p. 889. 1038, Tingleyp.Sec. &
On
at
282.
and 52,000,000 was offered common stock was reduced from 525.000.000 V. 72.
-Acquired In 1899 by American Railways Cc.
1206. The auth. amount of
(2) Bridgeton Electric Co.
98, p. 609.
to 521.000.000.
BondS.-See that co. and V.
-Chartered in New Jersey Dec. 2 1895. Supplies
ORGANIZATION.
Sp,ingfield (0.) Ry. Offer for
Outstanding. Maturitg • light and power in Bridgeton, Cedarville, Newport. Fairton, Dividing Greek
Interest.
Date,
$6,713,150 Sept '14.134 and Port Norris, N. J. Stock. $100,000. Bonds, 5250.000 first mort. 5%
STOCK AND BONDS.- -------6Q-M
($50)
Interest
2,000,000 Aug '14,1 yj
Common $21.000,000 (5100) ___
7 (.14'
bonds (tf) $1,000 each, dated July 1 1900. due July 1 1930,
000
2.500,000 April 1 1917 gold J. at office of the company: Beal Estate Title Insurance & Trust Co..
Pref 7% cum 54,000.
5 g A-0
J. &
1907
.
Collat Trust $2,500,000 gold1
. Whole issue is pledged with the trustee of the
Equitable Tr. Co.. Phila., Trustee
Trustee
(Int. at
2,500.000 Aug 1 1931 Philadelphia,the Bridgeton & Nililville Traction. This was done so as to
($1,000 & $500). _ .___c• tf 1911
-A
5F
mortgage of
.Tnt
gold}
Collat Trust 52,500.000_c• tf f Int. at Merchants Un. Tr. Co., Phila.1 9e1 s. bring the two properties (which are practically one) under the one mortge.
2,000,000
cony ($500 & $1,000)
5%
1911
987.500 Jan 1 1930
Ohio Vail Elec colt tr gold_ n tf 1910
(3) Chicago & Desplaines Valley Electric Ry,
5 J4
Co.. Phil. tr
the Chic.
Lynchb & Roan coil tr $1.-f
Real Est. Tito Ins. & Tr. Sept 1 1935
-Incorporated in 1901 as a consolidation ofBy. The
ORGANIZATION.
1,499.000
g(3500&51 ,000)c• tf)Int. at 5 g M-S
000,000
Valley Elec.
-1 1905
Trustee. & Desplaines Valley Elec. Ry, and the Desplaines of which $1,000,000
Scranton By tr cents 51,500. lint. at New York Trust Co.. N. Y.,
ys owns the entire capital stock,
Bee text American Railwa
150,000
000 gold (51.000) rest__ tf
Elec. By., and also owns
-A
6F
Is plzdged under the mtge. of the Chicago & Joliet being pledged.
Car trust certs. Series "A"I 1913
the tntire $1.000,000 bonds, the whole amount
($1,000)
625,000
-Bills payable June 30 1914_ - _




10

SEPT., 1914.1

ELECTRIC RAILWAYS

SMOTE ANT) BONDSInterest. Outstanding. Matur(tg.
Date.
Stock. $1,100,000
11.100.000
First mortgage, $1.000,000J 1901
5 M-N
1,000,000 May 1 1931
($1,000). gold
c* Mint.at Illinois Tr. & Say. Bk.. Chic.. Trustee
Bonds.
-The full Issue of the erst mortgage bonds has been deposite
d as
collateral security under the bonds of the Chicago & Joliet
Electric Ry.
ROAD.
-Extends from the Will County line, where It joins the Chicago
&
Joliet Electric By.. to the city line of Chicago on Archer Ave.
miles. Branch from Summit to Lyons. The through routeTotal. 41.45
Chicago to
Joliet was opened Sept. 25 1901.
OFFICERS.-Pres., J. J. Sullivan: V.
-Ps., H. J. Crowley
Tingley; Sec. & Treas., Walter W.Perkins; Gen. Mgr., J. R.and 0. L. S.
V. 73. p. 183.
73.

95

(1) Scranton Rallway.-A trolley road.
American Railways owns practically all of the
stock.
• ORGANIZATION.
-On Jan. 1
of the Scranton Traction Co.. &c.1897 assumed all the assets and liabilities
V. 63, p. 1064 V. 64, p. 85.
;
The company owns $45,300 of
the
more & Moosic Lake RR. Co. Also$300,000 stock of the Scranton Dunowns entire $24,000 stock of Mt.
Vernon Elec. Street By.
In 1910 Scranton By. took a perpetu
al
Moosic Lake RR.(9 miles steam road) lease of the Scranton Dunmore &
and changed to electricity. V. 90.
p. 371. In 1910 consolidated
with Lackawanna Valley Trac. Co.. Saran.
lk Carb. Trac. and the Scran. &
Pittston
latter company owned the entire stock Trac.(all previously owned). The
of
(a consolidation of the Pittston Jenkins the Pittston Suburban Pass Ry.
& Avoca Street By.; the old Pittston Suburban Pass. By. and
(4) Chicago & Joliet Electric Ry.-Trolley.
the
also merged the Carbondale By.. Lack. St. Ry.). V. 90. p. 1044. Has
ORGANIZATION.
-Incorporated as a consolidation of the Chicago &
which was previously leased.
Joliet Rapid Transit Co., the Joliet Street By. and the Joliet RR. Is oper
Franchises perpetual.
ated by power purchased from the Economy Light & Power Co. of Chicago
STOCK AND BONDSV. 73, p. 844. The American Rys. owns the entire outstanding 51.600.000
Date. Interest. Outstanding.
maturity.
bonds and the entire $2,300,000 capital stock. In Nov. 1905 the American Common. $4,500.1.100 ($50)32,060,200 1913-14,9.4%
Railways purchased 63 acres of land near Joliet, which was converted Into Preferred. 5% cumulative,
(AU but 3750 of the preferred stock has been
81.500.000 (550)
a park. This park is owned by the Deliwood Park Co.. all of whose stock
retired by the issue of trust certificates.
Is held by the American Railways Co.
See
Scran Tree 1st If, 51,000,0001. 1892 statement of American Rya. Co above.
STOCK AND BONDS1,000.000 Nov. 1 1932
Interest. Outstanding.32300o
Date.
($1,000) gold, no opt_c*tf(Int. at 6 g M-N
Maturini
Merchants' Union Tr. Co., Phila.
Stock. $2,300,000 ($100)Scran Pass Ry 1st 11(11.000) tf 1890
6 M-N
Chicago & Joliet Electric Ryi 1901
100,000 May 1 1920
1.600,000 May 1 1931 People's St Rylst M($).000)g
5 g M-N
6 g F-A
IT, 32.000,000 (31.000) c*tf Int. at Illinois 'Pr. & Say. Bk., Chic., Trustee, People's St Ry gen mtge,g_ _ tf 1888
Aug.Au 1 1928
11
tf 1891
6 g J-D
Joliet RR general mtge. gold 1898
20 0 0 Dec.
10 .
5 g 31-N
0.010
400,000 Apr.30 1918 Scranton By M. $2.500,000j 1897
5 g J-J
$400,000 ($1,000 each)-- tf Portland (Maine)Trust Co.,Trustee.
1,100,000 Nov. 1 1932
gold (51.000)
eq.tfiNew York Trust Co., New
York City. Trustee
Scranton By gen mtge 51.-1 1910
Bonds.
-Of the new $2,000,000 mortgage. $400.000 are reserved
5 M-N
1.000.000 Nov 1 1920
underlying liens. $2,200.000 of the outstanding capital stock of to retire
000.000 gold ($1,000)___ tfj
cage & Jollet Electric Ry., 11,000,000 of the $1,100,000 stock and the Chi. Scranton & Carb'd 1st mtge. Int. at Equitable Tr. Co.. Phila. Trustee.
1893
6 g J-J
31.000,150,000 Jan 1 1923
000 (entire Issue) bonds of the Chicago & Desplaines Valley Electric
51,000.000, g ($1.000)0 tf Int. at America
Ry,are
n Rys. Co., Phila. Lack.
deposited under this mortgage as collateral security. Entire
Free
T. &
issue of the Scran of State tax.
D.
82.000.000 gold 5s may be called at 105 and interest.
& Pitts If, $525,000, g 1893 S. g Co.. Scranton, Trustee.
6 A-0
355.500 Oct 1 1923
1.000 and $500) _ _c*ntf Int.
0
EARNINGS.
-For year ending June 30 1914 (Ine.l. Chic.
Guar. by Scranton Trust..)to at Union Trust, Trustee. Phila, Nos. 1
Vail. Elec. Ry.) gross,$563,027; net,after taxes, $95,325; & Despiaines
,
400 31.000 each & Nos.401 to 650
int., 3250.313; 1st 51, Carbondale Traction}
1500
deficit. $154,989.
1892
150,000 July
Co., 0&r. 8150.000, gold Interest 6 g J-J
1922
at Central Trust Co.. New 1York,
ROAD.
-Extends from Joliet to the Will County line.
($500 and $1,000)
Trustee.
with the Chicago & Desplaines Valley Electric Re. forwhere it connects Carbondale By gen mtge
Chicago.
gold 1910
Has
5
85.23 miles of track (incl. Ch.& D. V. El. Ry.). Line between
800,000 Jan. 1 1933
$800,000 guar p & I_ __e a Provident J-J
Joliet and
Life & Trust Co. Phila.. Trustee.
Chicago was formally opened Sept. 251901. 82 passenger and
18 other cars. Lack Val Traction first mort- 1895
6 g M-N
115,000 May 1 1925
OFFICERS.
gage ($500)
-Same as for Chic. & Desplaines Valley
ntf Real Estate Trust Co., Phila.,
Elec. By.
Trustee.
V. 73, P. 183. 722.
Bonds.
-01 the $2,500,000 Scranton
are reserved to retire prior bonds at By. mortgage 5s of 1897. 11.400,000
(3)People's Railway (Dayton).
maturity. Of the $355,500 Scran-A trolley road.
ton & Pittston bonds outstanding, $295,500 are
Acquired in 1899 by the American Railways Co.
Ry.; the remaining $60,000 are owned by the guaranteed by the Scranton
ORGANIZATION.
By.gen. M.bonds of 1910 are subj. to call at Amer. Rys. Co. Scranton
-Incorporated in Ohio June 18 1896. Compris
any hit, period at 102 and int.
es 31
First mortgage
miles of track in Dayton. Ohio: operates 99 cars. The America
n Railways $2,500 per annumof Carbondale Traction, due 1922, has a sinking fund of
Co. owns entire capital stock. In June 1908 authoriz
ed amount of dale By. mtge. forafter July 1 1895, but bonds cannot be called. Carbonstock was increased from $1.100,000 to $2,500.000.
1910 is unconditionally
By. Subject to call on any int, date at 105 guar., p. & I., by the Scranton
•STOCK AND BONDSDate.
$114,500 of the 4115,000 Lack. Valley and int. V.93. p. 1785.
Interest. Outstanding. Maturttli.
Trac. mtge. is owned by the
Stock. $2,500,000 ($10O)___-- -___
American Railways.
$2,500.000
First mtge "White Line.") 1896
5 g A-0
300.000 Oct. 1
ROAD.
$300,000 MOO) gold. red Interest at Union Savings Bank & Trust 1925 Scranto -Owns and operates all the street roads in and around city of
n, haying an aggregate mileage of 90 miles.
Co..
Oct 1 1900 at 110
Cincinnati, Trustee.
ntf
Operates 206 cars.
EARNINGS.
-For year end. June 30 1914, gross,
First mortgage "People's By") 1897
5 g J-J
200.000 Jan. 1
$1.445.019: net, after
6200,000 0500), gold. red Interest at Union Savings Bank & Trust1927 Int., taxes, &c.. 1273,589.
Co..
at 110
_ntf
Cincinnati, Trustee.
OFFICERS.-Pres., 3. J. Sullivan; V.
-Ps., Henry J. Crowley and C. L.
EARN/Nos.-For year ending June 30 1914,
S. Tingley
gross. $467,287; bal., after -v.88. ; Sec. and Treas., Walter W.Perkins; Gen. Mgr., Frank Caum.
int., taxes, &c., $74,841.
p. 1062; V. 90, p. 1045; V.91, p.39,
1096; V. 97. p. 1287.
OFFICERS.-Pree., John A. McMahon,
(9) Lynchburg Traction & Light Co. Trolley.
Dayton; V.
-Ps .11. J. Crowley
and (:). L. S. Tingley. Phila.; Sec. & Treas.,
Walter W.*Perkins, Phila.;
In 1910 American Railways acquire
Ant. See., Eugene Wuichet, Dayton; Gen. Mgr..
d control. V. 90. p. 167, 235.
Geo. 0. Towle.
-V.88.
p. 1530; V. 97. p. 176.
ORGANIZATION.
-Incorporated In
May 1 1901 of the Lynchburg Electric Virginia, and Is a consolidation on
Railway & Light, the Lynchburg &
(6) Springfield (Ohio) Railway.
-Trolley.
Rivermont Street Ry. (franchise perpetua
l). the Lynchburg Gas Co. and
the Lynchburg Water Co..
ORGANIZATION.
-Incorporated in Ohio Oct. 20 1892: 9,944 shares
of and electric-light plants of and comprises all the street railways, gas works
the common stock and 5,000 shares ofthe pref. stock have
Lynchburg and hydraulic power develop
been acquired by Reusens, Va.; also
ment at
the American Railways Co.
owns all the stock of the Lynchburg
Water Power Co.,
and has assumed the $500.000 1st mtge.
New Franchise.
-In April 1913 the co. accepted a new
In 1907 authorized stock was increased 5% bonds of that company.
which gives the city the right to arrange all schedules and25-year franchise
from 3750.000 to 31.000.000, to
purchase the road at its physical valuation at any time route all cars,to provide for the convertible feature of new bonds, but
after
these bonds have since
the city may. at any time. if service is unsatisfactory, take 5 years, and been retired, none having been converted.
possession and
American Railway
perate the road at an annual rental equal to 6% of its
physical valuation. Trac. & Lt. consol. s owns entire capital stock, 6203,000 of Lynchburg
are, 6 tickets for 25 cents until gross earns. reach $800,00
mtge. bonds, and 58,000 1st M. bonds.
0 yearly. when
7 tickets must be given. V. 96-, p. 1298.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
In July 1913 the Ohio P. S. Comm.approved the issue of $1.224,
000 new Stock, $1.000.000 (550)bonds ($2.500,000 auth.) and $356.800 new pref. stock. See
J-D
6750,000
See text.
V.97.
5 g 1A-N
On April 8 1914 the Ohio P. U.Comm. authorized the creation pi. 300. First mortgage, $1,000.56OT iifd
818,000 May 1 1931
sinking fund ($1,000) gold }Real Estate Trust
of anew
mtge. a 35,000.000 to refund an issue of the same amount
Co.. Philadelphia, Trustee.
made in 1913.
nal Interest at R. M.Janney & Co.,Philadelphia,
These bonds were offered In May 1914. V. 98, p. 1609.
Lynchb Tree & Lt eon mtge.j 1911
5%
329,000
20 years
STOCK AND BONDS-750,000
11.
Date.
Interest. Outstanding. Maturitti.
ntf eal Est. Title Ins. &'Tr. Co., Phila.. trustee
Common (par $100)
Lynchburg Gas Co first more r900
$1,000,000
1
5 M-S
111.000
Preferred, $500.000- _ 103e
gage $250,000 _
- ____
6%
tf Int. at Real Estate Trust Co.. Phila.. Trust
500,000
1st mtge 55,000,000 (3100,1 1914
Lynchburg Water Power thati 19025
_..__5g
1,244,000 See text
466.000
3500 & 31,000) g s f- entflInt. at Real M-S
mortgage. 5500.000 _ ntf(Real Estate Trust Co.. Philadel July 1 1932
Bonds.-$400,000 of the above outstan Est. T.& I. T. Co.. Phila., Tr.
phia, Trustee.
Bonds.
-Of the 1st mtge. bonds, $111.000 are reserved
ding bonds provided for by serial
maturity. I. e.. $12,500 due Sept.
1 1914 to 1923 incl., $25,000 due Sept. 1 like amount of Lynchburg Gas Co. due 1930, and of which to retire bonds of
1924 to 1034, the remaining
no more are to be
bonds ($4,600,000) due Sept. 1 1935.
Issued; 528 000 have been canceled. Sinking fund
of 1% per annum beSinking Fund.
comes operativ
-When
fund of 1% to 1923 and more than $1,250,000 bonds outstanding, sinking can be called e In 1906. which is increased in 1916 to 134%. Entire issue
at any time.
2% thereafter of bonds outstanding.
bonds ($3,756,000) reserved
The escrow
Dividends.
-In 1904, July, 1%; Nov., 1%;in 1905, 2%; in
cost. Redeemable any int. for extensions, betterments, &c. at 80% of In 1907.3%;in
1906. 234%:
190a,5%;in 1909.5%;in 1910.3%;in 1911.6%;in '12,8%;
date at 102 and int. V. 98, p. 1669.
ROAD.-Owns 333i miles
In 1913, 9.339%; in 1914, 9.87%.
of track. Operates 67
Passenger curs.
EARNINGS.
EARNINGS.
-For year end. June 30 1914, gross, $511.412; net,
-For year
after
after interest. taxes. &c.. ending June 30 1914. gross, $375.235; net. int., taxes, &c., $80,734.
819.242.
OFFICERS -Pros. Paul C.
ROAD.
-Owns and operates 18 miles of track in
Martin; V.
-Ps., Ti. J. Crowley and C. L. S. 60 to 100-1b. T and
city and suburbs
Tingley: Sec. & Treas., W. W.
girder rails. Standard gauge. Operates 39
Perkins: Asst. Sec. & Tress.& Compt 3 other;
pass. cars:
F..1. Pryor Jr.; Gen. Mgr.,
1 sweeper. Owns Rivermont Park.
-V.
1703; V. 97, p. 300; V. 98.Geo. C. Towle.
p. 612, 1158, 1246, 69, p. 439; V. 96. p. 1298,
OFFICERS.-Pres., 11.3. Crowley; V.
1609.
Lippincott; Sec. and Treas., Walter W.-Ps., C. L. S. Tingley and W.H
I?) Altoona & Logan Valley Electric
Perkins -V. 72, p. 873; V. 86.
Ry.-Trolley.
p. 52, 168, 1529; V. 90. p. 167; V. 92, p. 1243, .
ORGANIZATION.
1436, 1500.
-Incorporated in Pennsylvania
Aug. 5 1903. Owns
the entire $35,000 stork of the Lakemont
(10) Roanoke Traction & Light Co.
Park Co., also $58.000 of the
-A holding company.
$59,000 stock of the Horne Electric
Light
(Into which the Blair Electric Co. incorpor & Steam Heating Co. of Tyrone
ORGANIZATION.
-Incorporated In
ated
ness, having perpetual franchise and 10-year in 1908 to do a lighting busi- Roanoke Water Power Co., the Bedford Virginia July 28 1908. Owns the
wood, was merged in 1910-11) and leases contract to light town of Bell- Power Co. and the Roanoke Heat. Light Power Co., the James River Water
that company for 99 years from ownership
& Power Co.. and controls, through
July I 1903. 333,000 of this stock Is deposited
of all the capital stock. the Roanoke Railway
as additional security for Roanoke Water Power
& Electric Co. The
the consolidated mortgage. In Aug. 1903 absorbed
Co.
by consolidation the mortgage satisfied. The had $350.000 bonds which were bought in and
City Passenger Ry. and the Tyrone Electric By.
Roanoke Heat, Light 6: Power Co. had
(previously owned) and $250.000 bonds, all of which
issued
increased Its capital stock from $500,000 to
have been retired (V. 87. p. 1089.
$1,500,000. V. 77. n.
The Amer. Rys. Co. owns $975,00
1160).
In 1912 acquired the Logan Light & Pow.
0 of the $1.000.000 stock.
Co. of Tyrone, and operates 1745.
same
In conjunction with the Home Elec. Lt. de Steam
STOCK AND BONDSHtg. Co. V. 94, p. 696.
Date,
Interest. Outstanding. Maturity.
The American Hallways Co.owns entire stock
Stock, 82.000,
Electric Ry. and $200,000 consolidated mortgageAltoona & Logan Valley First mtge and000 ($100)$1.000.000
coil trust $3,- 1908
bonds.
-A
1,622.000 Aug 1 1958
STOCK AND BONDS000,000($1.000) gold-o*ntfi int. at 5 g F
Date.
Interest. Outstanding. Last div..tte
Bioren & Co., Phila.. or Baltimo
Stock. $1,500,000 ($50)re
I Trust &
See text
Bonds.
Consol mtge $4,000,000 gold) 1903 4%g F.A15 $1,500,000
-3750.000 bonds are reserved Guarantee Co.. Baltimore,Trustee
to retire
($500 and $1.000) guar bY Interest at Equitable 3,754,000 Aug.15 1933 of the Roanoke Ry. & Elee. Co. The remaini a like amount of bonds
Trust Co.. Philadelphia for additions
ng $628.000 are reserved
American Rys Co_ _ o&rtfl Trustee.
and extensions at
tubject to call on any interest day not exceeding 85% of cost. Bonds ate
at 105 and interest.
Of the $4,000.000 mortgage bonds, $246.00
sions. These bonds are guaranteed, principal0 are reserved for exten- so outstanding bonds. payable Feb. 1 1919 to 1928: Sinking fund of 1%
and
134% thereafter.
merit by American Rya. Co. No sink. fund and not interest. by ..ndorse- V. 94. p. 983.
subject to call.
Disidends.-In 1896 paid 2% %; in 1896-97
(a) Roanoke Railway & Electric.
-A trolley road with electric
1899-00, none; in 1900-01, 634 %; in 1901-02, 234%; in 1897-98, 1898-99, power department.
light and
,
1903-04. 5 ti%:in 1904-05. 5.7%; 1905-06. 6%;10%; in 1902-03, 10%; in
ORGANIZATI
-The Roanoke Street fly. and the
1%%;in 1908-09 and 1909-10. none; in 1910-.11 In 1906-07. 5%; in 1907-08, Light & Power ON.
Roanoke Electric
were both sold at foreclosure
.1 1-3%;in 1911-12, 1.43%;
in 1912-13, 2.5%; in 1913-14. 5%.
Aug. 1 1899. The
company was incorporated in Virginia.
present
Franchises expire in 1935 and
perpetua
EARNINGS -For year ending June 30 1914,
some
gross. $632,927; net, after lem and l. Does all lighting and railway business in and about Roanoke
taxes, interest, &e., $75,858.
Vinton. Owns 250 shares of Roanok
.Sae Trac. & Light Co.
stock.
ROAD.
-Operates 51 miles of track, connecting
STOCK AND BONDSAltoona, Bellwood.
Date.
Hollidaysburg and Tyrone. Gauge, 5 ft.
Interest. Outstanding,
Stock,$500,000 ($100)3 in. Operates 124 cars.
Menotti/.
-- _
J-D
OFFICERS.-Pres., J. J. Sullivan
$500.000
See text
; V.
-Ps., H. J. Crowley and 0. L. S. First mortgage, $300.000.tri 1899
5 g J-D
Tingley; Sec.& Treas., Walter W.Perkins
63,000 Dec. 1 1949
($1,000) sinking fund ntfl Int. at
; Gen. Mgr.,8.8. Crane.
Mercantile Tr. & 42. . CopeB
p.680; V.80, p. 649, 710, 2456, 2619; V.82.
6D ep00 ., ba11. r
-V.79. First consolidated mortgag
0
. 19T 53
p. 333, 391,803; V.94, p. 696
.
e.J 1903
5 g F-A
5750,000 (11.000)g s Lc* tflInt.
at Real Estate Trust Co.,
Phila., Trustee.

F




ELECTRIC RAILWAYS

96

[VOL. xcix.

lines. In April 1906, however, an agreeether valuable franchises for new relinquishing nearly all the rights to the
are reserved to retire 1st mtge. bonds
the city
Bonds.-SuitIclent consol. bonds ly to Feb. 1 1920 1% of outstanding ment was entered into with and the whole matter of the company's fran1901 and 1903,
1 1910 annual
franchises of
Sinking fund on Feb.1 %%.
basis. See V.82. p. 693,870.
rights was readjusted on a new St. from 23d St. to Delaware Ave.:
bonds and thereafter
1905. 534%;in 1906, 8%; In 1907, 8%; ihIse
Subway has been built in Market
Dividends.-In 1904. 834%; in
paid; in 1911, 5 3-5%; in 1912, 6.7%; in elevated structure on Market St. west of the Schuylkill River. and on Delawas
none to 1910. when 3%
St. V. 74, p. 528, 989; V. 76. p. 1301:
.
ware Ave. from Market St. to South
1913. 6.12%; in 1914, 7.76%
ing on that portion of the ele30 1914 (including both electric and V. 81. p. 265. /n March 1907 began operat
EARNINGS.-For year end. June net, after taxes, int., &c., 639.041. vated from the Schuylkill River west to the Upper Darby terminal station,
3
ments). gross, $608,755;
V. 84. p. 571. On Aug.in 1908 the entire
railway depart
operation. thus
placed
also extensions to Salem and Vinton. s distance of about 4 miles.
-Operates in Roanoke; About 41 passenger cars, 4 other cars. mbway from 2d St. to 23d and Market St. was347. On Oct. 6 1908 eleROAD.
of track
St. V. 87. p.
Va.; total. 29.85 miles Also owns park and theatre.
-V. 88, p. 1530: completing line through to 69thSouth St. Station was placed in operation.
60 and 72-1b. rail.
sated line on Delaware Ave. to p. 936.
88. p. 376; V. 90, p. 168
V.87, p. 481, 1089, 1160; V.
50.
lompletint entire line. V. 87. stock of the Doylestown & Willow Grove
-A trolley road.
In July 1902 acquired all the of the Philadelphia & Willow Grove Street
Railway Co.
(11) Ohio Valley Electric
Ry. Co. Also owns entire stock00) of the Real Estate Holding Co.. which
-V.92, p. 1437; V.93.p.470
an Railways.
entire stock ($10,0
In 1911 acquired by the Americ
In June Ry. Co. and ty of an assessed value of $1,699.720.
-Incorporated In West Virginia In 1900. then had wins proper
ORGANIZATION.
& Swarthmore Ry.and the Media Midfranchises, such as are not perpetual,
On July 1 1906 the Phila. Morton were consolidated, forming the Darby
1906 we were advised that In Feb. 1908 name was rhanged from Camden
Elec. By.
to run.
:
15 to 40 years on. Ohio Valley El..rtrle ltv Owned entire stork, ri dietown Aston & Chester new company. embracing 25 miles of track, was
from
Inter-Stare it" . to pow, Co., Ahsland Elec. Lt. & Pow. Co.(now Boyd Media & Chester By. The
Transit Co.for 999 years. rental being
0 for fourth
thereupon leased to the Phila. Rapid
Consol. Lt., Ht. &
second and third years. $35,50
Co, but at time of acquisition
y Electric Co.) and Ironton Elec.to latter company. On May 1 $8,500 for first year. $17.000 for $42,500 for sixth year and thereafter.
Count
and
were turned over
(V. aa
by Amer. Rys. these 00 stock of Kanawha Valley Traction Co. (which year, $34,000 for fifth year a strike on the surface lines began p. 1500
-On May 29 11009
Strike.
1908 acquired $500,0 Charleston Interurban RR., Charleston, W. Va.),
terms of agreement see V. 88.
to the
p.1438).and lasted for a week. Forin wages to 25 cents an hour and exhas been leased
pay for purchase. Owns entire $75,000 Camden A new strike to obtain an increase
and issued pref. stock to
d Car Men's Ass'n. which began
elusive recognition for the Amalgamate off on April 25 1910. See con)
Inter-State Power House bonds.
declared
Interest. Outstanding. Maturity. Feb. 19 1910 (V. 90. p. 560). was
Date.
AND BONDSSTOCK
pany's terms, V. 90, p. 1102.
12 000.000 See text
d looking to a lasting peace
.
-In 1911 a plan was adoptepassenger earnings to be set
Common $4.000,000 (6100)- - ---Wage Schedules.
345.800 See text
J-J
of gross
Pref 6% cum $400,000 ($100) 1901
e within
1.350,000 Mar 1 1921 between the company and men. 22%
5 g M-S
new M, 11,-1
be increased as rapidly as possibl 238.
scale to
Cam Inter-State
and
f.}Citizens' Trust & Guaranty Co.. Parkers- agrt for wages plan wage 93. p. 590, also V. 94, p. 1509; V. 97, p.
500,000, g (31.000), no s tf I burg. Trustee.
in V.
of direc.
t t limit. See
-On Feb. 18 1907 the board
cannot be called-c&r
City.
and
Acklustment of Relations with
175,000 Sept 1 1936
Merchants Asso5 J-J
_--_
Hunt & Chariest RR guar by),Int. at Real Estate Trust Co., Philadelphia. tom accepted the plan submitted Jan. 1907 by the Retail between the city
tf i
of the relations
Camden Inter-State __ _ntf __-_
100,000 Aug 6 1922 elation of Philadelphia for a readjustment city the right to purchase at any
8%M-A27
de Ry. M.,guar
s upon the
Cons. Lt.
50.000 Jan 1 1919 and company. The plan confer franchises and property of the company at
6%J-J
Ashl. & Cattl. M.,guar ___ ntf ---30 1957 all leases,
have
to retire Cons, Lt. a time after June actually paid-in capital, $30,000,000. The city is to to be
-$l50.000 of the new bonds are reserved
company's
Bonds.
on the bonds Is payable at the the right to assign or sell this option. Furthermore, a sinking fund is
Interest
the
By. and Ashl. & Cattl. bonds. Parkersburg
the company,which,
receipts of
the
established, to be taken out ato atgross $30,000,000 at the expiration of
Union Trust & Deposit Co. of
least
amount
-J.) of 3% were paid on pref. from
(J.
Dividends.-Seml-annual dive. 1912. 6%;in 1913, 3.9%; in 1914, 2.9%. calculated at 4%, will city to acquire the property at that time. Another
50 years, to enable the
On common,
with Jan. 1 1907, the city
1908 to 1913 incl.
in the arrangement is that, beginning
ed lawful
Valley
-For year end. June 30 1914 (not incl. Kanawha 25; net featureequally in the net profits after stockholders have receivr surface.
EARNINGS.
shares
3 lighting cos. controlled), gross, $648,3
of
All franchises for furthe
Trac., but incl. earns.$91,125.
interest on the capital invested by them. the city are to be first offered the
after taxes, int., &c..
elevated or underground railroads within this contract. The city Is also to
of
including
-Operates 35.48 miles of track (notW. Va., Kanawha Valley Phila. Rapid Transit Co. under termsdirectors. The present rate offare is
ROAD.
Catlettsburg and have three members on the board of
in and between Huntington,
As part of the
Traction Co.)
Operates 56 pass .cars, 17 other cars. not to be changed except with the consent of both parties. 0,000 then still
Ohio.
Ashland, Ky., and Ironton.470.
agreed to call the $12,00
92, p. 1437; V. 93, p.
arrangement,the Rapid Transit Co. ,000 everysix months,the money to be
-V.
due on its stock at the rate of $3,000 service. For further details of plan.
on Co.
used to give increased and improved embodying the above features was
(a) Kanawha Valley Tracti
see V. 84. p. 451,1552. An ordinance 20 1907(V.84,p. 1488) and ratid is leased to the Charleston Interurban RR
-Roa
LEASE.
l on June
Supreme Court
-Incorporated In West Virginia in 1905. Sto08 passed by the Phila. City Counci
On Feb. 27 1911 State
ORGANIZATION.
fied by the company July 18 1907. of the Common Pleas Court sustaining
owned by Ohio Valley Electric By.
y of the foredecision (V.89. p. 847)
Interest. Outstanding. Maturity affirmed the demurrer in a suit brought to test the validit
called for paySTOCK AND BONDS- Date.
the company's
29 1907 directors
$500,000
going ordinance. V. 92,P. 596. On July on stock, payable in two installStock. 1500.000 (1100)1.000.000 Jan 1 1946
5 J-J
First mortgage. 12.000,0001 1908 Fidelity Trust Co.. Phila. Trustee ment of the final assessment of $15 a share 7 1908. V. 85.,P. 284, 1402.
Sept.
c•!Int. at
proposition to
(11.000)
ments-$7 50 Sept. 9 1907 and 37 50
approved the companys
miles of track In Charleston, W. Va. 70-lb.
In June 1908 the City Councils ,000 loan. V. 86, p. 1530. Stockholders
-Operates 14
ROAD.
a $5,000
Oct. 1908
-V.83, p. 323.
pledge its assets to secure
T rail. Standard gauge.
See. V. 87. p. 740. In ed the use
Sept. 16 1908 approved proposition.
Trac. Co. approv
of Union Trac. Co. and the Phila.them as security for the new
stockholders
13 FAIRMOUNT PARK TRANSPORTATION.
owned
authp. 813. 1161),own by
-A New Jersey corporation formed In 1894. Charter of securities (see V.87.0 coll. trust mtge. shown below was thereupon
ORGANIZATION.
bonds for the coll. tr.
1939 and e- loan, and the $5.000.00
perpetual: license from Park Commission runs until July 24 Park Comm. orized. Provision has been made for exchange of new V.88, p. 376.
-year periods.
1 year's notice is given) for 10
on Co., bond for bond. se indebtedness not
newable (unless
or at end bonds due 1917 of Phila. Tracti voted to further increa
may, at expiration of license, purchase property at its cash cost, at cost
On June 20 1910 stockholders
City Councils May 5
50%. or
ad
of 35 years from opening of road at Its then value plusFairmount Park. exceeding $5,000,000 (V. 90. p. 1102: authorized by discontinue the insurOwns an electric railway in
and as part of the plan to sell the securities in
plus add'ns and hunts.
pledge or
al. Owns Woodside Park 1910. V. 90. p. 977, 1240),
and to
From Nov. 30 to May 1 operation Is option
the company; also
ance fund valued at over $1,750,000,
proceeds to general purposes of
Road opened Nov. 1896.
$1.500,applyi
a new $750,000 1st mtge., in part said fund, rolling ng theof the company to the Union Trac.Co.forand int.,
stock
Stockholders Apr. 16 1912 authorized Sept. 11912. V. 94, p. 1056.
to sell the
$160,000 a year
at rental of
to retire the 1st and 2d mtges. falling due
taking lease of same for 10 years
10 years for $1. This
t, Outstanding, Maturity. 000, right to re-purchase equipment at the end of
Interes
Trac. Co.
with
STOCK AND BONDS- Date.
,000 issue of car trusts by Union
$2,000,000 See text,
lease to be made basis of a $1,800 p 337.
Stock, 82,000,000 ($50)
1677; V. 91, . the Phila. Rap. Trans. Co. and the
$750,000 April 1 1937
5 A-0
First mortgage $750,000 goldl 1912 Trust Co., Philadelphia, Trustee. V. 90. p. 1426. 1555.
olders of both
c•JGRard
On Feb. 28 1911 shareh a plan(V.92.p.463)in accordance with the views
($1,000)
approved
int,on any int. day on
ions to enter the
Bonds.-lst mtge. bonds are callable at 105 and beginning Oct. 1915 Union Trac.Co.
who consented on such condit
per ann.,
of Mr. E. T. Stotesbury, calling for the Issue of $10.000.000 s. f. bonds
60 days' notice. Cum. sk. fd. $13,000 p. 480.
Phila. Rap. Trans. board, ct, guar. p. & I. by the Union Trac. Co. and
to draw Int, for the fund. V. 95,
bonds
2%. None since.
running for life of city contra Market St. Elev. Pass. Ry.(V. 91. p. 1629)
Dieideruts.-FIrst dividend paid Dec. 1 1897.
in
crosses Schuyi- secured by pledge of equity 0.000 mtge. on said property. V. 92. p. 596.
-8.54 miles of track in West Park and East Park;50 open cars,
ROAD.
and Union Trac.
over and above present 810.00
lbs. 10 closed,
both the Phila. Rap. Trans.
mu River on a steel bridge. Rails are 90
29 1912 directors ofV. 94. p. 631. As part of the plan, every
On Feb.
Union Trac.
ized the mtge.
-Year ending Oct. 31 (V. 97, p. 1733):
REPORT.
1rans. Co. is surrendered toCity Council
e,Co. author
Fixed
Net
Gross
October 31. Balanc Sur. or Def. equity owned by Phila. Rapid
1386, 1574, 1630, 1711. The
Earnings. Earnings. Charges, &c.
1500.
See V. 91, p. 1161, in May 1911.
Year
92,
def. $46 Co. 44V. p. 1375,
$57,372
$57,326
arrangement
8133,710
s official
1912-13
sur.14.234 assent
64,4ed to the d of bookkeeping in V. 92, P. 596; also variou
50,209
149,605
See new metho
1911-12
Be Built by
Jones: Sec. and Treas.. statements in V. 92. p. 1033. 1500. 1566.
-P, J. R.
y and Elevated Lines To
OFFICERS.-Pres.. C. E. Platt: V.
-V.87, p. 1605
elphia.
Proposed Transit Development of Subwa basis of the suggested agreement
-The
ny.
W. C. Martin, Ridge Ave.. Bank Building. Philad 1733.
V. 07, p.
the City and Operated by the Compa the boards of directors of the Philadelphia
V. 94, P. 1056; V. 95. P. 419. 480, 1607;
ted by the city to
has been submit
Traction Co., but neither the latter nor
-A trolley road.
Rapid Transit Co. and the Union taken any formal action. For tentative
PHILADELPHIA & WEST CHESTER TRACTION.
city (up to Sept. 15 1914) had olders representing about one-third of
.
the
shareh
The Eastern Securities Co. has acquired control
against the above
plan see V. 98, p. 1695. The
-Chartered in Pennsylvania on April 24 1895. Mu- the total stock of the Union Traction Co.have protested
ORGANIZATION.
p. 1921.
l of the Phila. &
franchises are perpetual. In 1898 acquired controled the Delaware plan. See letter sent to shareholders indV. 98, 10
ct with the
nicipal
1912 entere into a -year contra
ke Road Co., which In turn control
-In Mar.
Power Contract.
West Chester Turnpi
s
Phila. Castle Rock & West Chesonal power. V. 94, p. 788.
County Passenger RR. Also control the
Phila. Elect. Co. for additiance with the financial plan (V. 92, p.463)
Co. In Jan. 1902 leased the Ardmore & Llanerch St.
Voting Trust -In accord in Feb. 1911, a majority of the stock has been
ter Passenger By.n the points named, 31-3 miles: it has no bonds or other
olders
By,, a line betwee
000 auth.. 3320,300 adopted by the shareh
s Debts Ruduiph Ellis, Ch.; A. E.
outstanding
Rental is 5% on the of Lazes and stock (1400, expenses. Leases deposited in trust for 5years, the trustee Gray, Sec. V. 92. p. 660, 726,
debt.
organization
nt
den and A. M.
outstanding) and payme tford St. Ry. (which it also controls) at 5% on Newbold, Geo. H. McFad 1608.
882 1243. 1500. V. 95. p. the Snyder Ave. St. Ry. was chartered In the
the Philadelphia de Garret annum for salaries and organization expenses.
per
-in Sept. 1911
New Line.
00 stock, to operate 7.66 miles
funded debt and $500 authorized stock from $1,000,000 to $1,400,000.
This is
interest of the Phila. Rap. Tran., with $140,0
In Jan. 1912 increased
Last die., &.1. of line on Snyder Ave. Line was placed in operation Jan. 1912. control.
Outstanding.
d under the Stotesbury
BONDS- Date. Interest,,148,900 1914 6%
effecte
STOCK AND
first of extensive improvements to be5% sinking fund bonds of 1962 is con650)------$1
400,000 Oct 1 1918
-A sale of $4,500,000
Stock, $1,400,000 (par
New Bonds.
5 g J-J
years. to re-purchase them.
subject 1898
, Trustee. template
with an option, extending 234
185 M $400,000,gold. _
a Int. at Girard Trust CO., Phila.
534.000 Jan 1 1954 V. 9 p. 1
6, d,490.
to call at 105 ($1.000)4 g J-J
1904
bonds, $1,000,000,gold Int. at West End Tr. Co.. Phila., Trustee.
Inge.
Interest. Outstanding. Maturity.
c•
STOCK AND BONDS- Date.
0
1,720,000 Aug 1 1955
l 00 shd
1600ia11 paiares
($1,000)
5 g F-A
-I 1905
------ ---& Gar 1st M. 13,000,c Int. at West End Trust Co.. Phila., Trustee. Stock $30,000,000($50)
Pinta
$4,890,000 Fe 1 1957
-A
000. gold ($1.000)of the 4s of 1904 are reserved to retire $400.000 1st mtg.
$5.000,000 1908 5 g F for Ins. on Lives & Granting
-$466,000
any time at 105 and int..• no Coll trust mtge
Bonds.
c*cpt Int. at Penn. Co. elphia, Trustee.
issue can be called at at 105 & int,on any int. day.
(81.000) gold
Annuities, Philad
bonds. Bonds of either
Gar. bonds can be called
1 1962
8.000,
sink. td. The Phila. &
237):
0,000 1912 5 g M-S st hI ad,000 Mar
98. P.
., 0
Balance, Sink, fund mtge. 810,00
C rust
er o:m Tru a
-Year ending Nov. 30 (V. Other
Int. at: 'ICo.. p C: Phila., Trustee.
Interest,
REPORT.
Net
g 41.000) guar p & l_c*cpt 1905
s.
4 g MN 10,000,000 May 1 1955
Gross
30.
Income. Rentals, dc. Surplu 4 Market St El 1st mtge $10,Nov.
Earnings.
c . 6
$72,90
...iil_e &
at Lana T j TritshC^.
Earnings.
$141,372
&t
$11,369
Year000,000 gu g 41.000)1st M Int.
$202,907
47,965
190
120,728
$419,705
17,521
1912-13
Media & Ches
0
151,173
al
0
9 0 0 j a , 92.
z
349,193
, Darby ,000 41.000) g c cpt Int. at Lana litle & Trust CA ,Ph ly .1Trus
streets
1911-12
11,500
track from 83d and Market
c , 191m .1 J
-Operates 49.23 miles of 23.12 miles is leased. An extension Car trust certfs, 11•500.00Ot c0m0
ROAD.
series „A,.
Chester,of which
April 1913.
operation in
Philadelphia, to West
Trustee,ll ar 1 1925
,6.51 miles, was placed in
(Car trust certfs.. $4,200,000 Fidelity 'Pril- Co ,Phila.,Trustee.
from Drexel Hill to Media and 70
s
ti tS .
-lb. Trail. 43 cars.
cpt
Series "B"
ltele9.23
Gauge. 5 ft. 23i in.: 58. 60
phli.l7a8d2e,l0p0h(liaM,
-P., H. •
Phila.. V.
,000. 1913
certfs, $1,944
t Taylor,
Trustee.
M-No.,
tC
OFFICERS.-Pres., A. Merrit610 Arcade Bldg., Phila.-V. 94, p. 352: Car trust
,
1 Series "C"
Treas.; C. P. R11)1. Gen. offices
Stock Exchange in July 1902 and in Feb.
on the Phila.
on
V. 98, p. 237.
k Exchange. Voting trust certfs. have been listed
as
k
-Controlled by the Stotesoury 1905 on;
IT.
V.93, p. 106. 346,667, 1191; V. 95. p. 1608.
PHILADELPHIA RAPID TRANS
Phila toe
e of
by deposit with truste
lease the
Interests.
-Collateral trust bonds are secured
1 1902 to take over under and hold
Bonds.
e
Rapid Transit and also securities of Union Trac.
Incorporated In Pennsylvania on May
from July 1 1902, and to acquir
securities owned by Phila.
call at 105 on 6 weeks' pubUnion Traction Co. for 999 years
lease, see Union Traction be Co.and Phila. Trac. Co.; entire Issue subject to
terms of
retire
shares of other corporations. (For ed numerous franchises for new roads
after Feb. 1 1912. A sinking fund, which will
lished notice on and 1957, began to operate Feb. 1 1912. The Market
Transit Co. acquir
low.) The Rapid
Feb. 1
ate in 1901. In June 1903 the Maron
obtained by the Mack-Foerderer syndic ,000 authorized capital stock, was all bonds by ed Ry_, bonds cover the subway and the elevated roadand
ket St. Elev. Pass. By., with $5,600
852. They are guaranteed, principal
1301. In June Street Elevat
a number of these franchises. V. 76, p. City Councils Market St. See V. 80. p•
formed to absorb
from the Philadelphia
1903 the Rapid Transit Go. obtained




--

g4
66 7litil

e
41:t i t
.gacige.

SEPT., 1914.]

ELECTRIC RAILWAYS

interest, by endorsement by the Phila. Rapid Transit Co. Are subject
V.
to call on any int. date at 102t4 and int. V. 84. p. 749;p. 86, p. 547.
&
by enThe Darby Media & Chester Street By. bonds are guar., int. on or after
called at 102)4 &
dorsem't by Phila. Rap. Tr. Co. Can be
July 1 1916.
Both the collateral trust bonds and Market Street Elevated bonds were
945.
listed on the Philadelphia Stock Exchange in April 1909. V. 88, p. Mar. 1
leeThe new mtge. bonds of 1912 are callable on Mar. 1 1917 or on anysinking
fd., at 105 and int. Cumulative
thereafter, as a whole or for sink.
Of the $10,000,000
fund of 135,000 per annum, beginning March 1 1917. of these $6,000,000
and
authorized, $8,000,000 have been sold and issued,in treasury. Bonds are
$2.000,000 are
are outstanding (see above) and
699.
guar., p.& I,, by Union Traction Co. V.94,p.827.175.000 semi-annually
-The series "A" car trusts matureSept. 1 1913 and ending
Car Trusts.
-a. beg.
-J.). The Ser."B" mature $175,000 s.
(J.
-a. from Nov.
Mar. 1 1925. Red. at 102M and int. Series "C" mature s. by 500 new
and are secured
1 1913 to May 1 1923. Red. at 10236 and int.
cars.
-Total trackage, including all lines leased and operated, 664.233
ROAD.
miles. Owns about 3,502 cars of all kinds.
-Fiscal year ends June 30. Annual report for
ANNUAL REPORT.
1913-14 was given in V. 99, p. 266.
1913-14.
1912-13.
1912-13.
1913-14.
1,278.406 1.225,488
Pass.earnings.23,356,876 23,020,932 Taxes
906,247
Other receipts 898,937
Total exp_ A4,299,245 14,205,755
Net earnings_ 9,956,567
24,255,813 23.927,179 Interest2,161,696 9,721,424
Total
1,728,222
Expensesa7,484,635 a7,483,618
Main.&renew.•3,638,372 *3.589,077 Rentals
pow.pl't 1,557,965 1.454,122
Op.of
9,646,331 9,211,841
Total
Oper. of cars_ 6,297,115 6,129,119 Surplus
310.236
509,583
1.527.387 1,807,948
General
*Maintenance and renewals in 1913-14 include amount expended,
in 1912-13, and unexpended balance. 1969.$2,668.751, against $2,495.513
620, against 11,093,564. a Includes $120.000 sink. fund (city contract).
,
--Chairman of Board, E. T. Stotesbury; Ch. Exec. Comm.
OFFICERS.
-P.,R.B.Hamilton; Sec.& Treas.,
T.E. Mitten;Pres., Chas.0. Kruger; V.
Sec., W. C. Dunbar; Asst. Treas'rs, W. J. Shield
R. B. Selfridge; Asst.
-V. 95, p. 233, 294; V. 95,
and G. W. Davis; Act'g Aud., E. L. Austin.
p. 1608; V. 96, p. 420, 554, 654, 863, 1490, 1702, 1773; V. 97, p. 234. 238.
299, 803, 1734; V. 98, p. 913, 1000, 1609, 1695, 1920; V. 99, p. 266, 817.
road.
-A
Ry. Co.
(1) Doylestown & Willow Grove Philadelphia trolley Transit through
Rapid
In July 1902 was acquired by the($500.000) for $20,000. The Rapid
of the entire capital stock
purchase
Transit Co. guarantees interest on the bonds. See V. 79, p. 1331.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$500.000
-,
Stock 1500,000 ($50)500,000 June 1 1930
mtge $500.000 (if4100)] 1900 4 g J-D
First
gold guaranteed-c*_cptfLand Title & Trust Co.. Phila., Trustee.
and operates 13.60 miles of road from Doylestown to
-Owns
ROAD.
Willow Grove,running over the old turnpike between those places, which is
leaSed for 999 years.
-V.79. p. 1331.
-Included in Phila. Rapid Transit Co.
EARNINGS.
(2) Twenty-Second Street & Allegheny Avenue Passenger Ry.
-Formed in 1903 and merged the old Twenty-second
ORGANIZATION.
St. & Allegheny Ave. Passenger Ry. Co.(chartered 1890), the Fairmount &
Frankfort Ry. Co., Fisher's Lane By. Co., Lindley Ave. By. Co., Cheiten
Ave. Pass. Ry. Co., Germantown & Fairmount By. Co. and the Phila. &
Trenton Rapid Transit St. Ry. Co. Is leased to the„Phila. Rapid Transit
1
Co. for 6% per annum on paid-in capital.
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
f 22.456 sh.l
Stock 11,302,000 (150)-l $25 paid. f
561,400
Due lessee June 30 1914-Trackage 65.42 miles.
ROAD.

97

The above leases will return a total aggregate annual income as
1914
11,063,542
11,013,542 1924
1943,542 1919
1915
1,023.5421925
1,071,042
953,542 1920
1916
973,543 1921
1,033.542 1926 and thereafter an1917
983,542 1922
1,043,542
nually $1,075,000.
1918
1,003,542 1923
1,053.542
Fixed Charges to Be Paid Out of Above Rental Plus Any Other Income.
Total.
Int. on 45. Taxes.
Inter-State Railways
$3,145
$4$4.209
1431,064
United Power & Transportation
3,297
359,973
356,676
Total
1787,740
16,442
1794,182
ORGANIZATION.
-Incorporated in New Jersey on Dec. 4 1902 with
very broad powers. Is empowered to purchase, acquire, develop and construct street railways, electric light and power, water and gas companies.
In Dec. 1902 obtained control of the United Power & Transportation Co.
through purchase of the outstanding ($3,593,750) capital stock, on a basis
of 175 for each 125 share, payable in collateral trust bonds. 13.592.200 of
this stock was exchanged for bonds on this basis.
In March 1913 a plan was proposed to exchange the present pref. stock
for a new issue not subject to redemption, as at present no payment can be
made on common until principal of pref. stock has been paid. A circular
was sent to the stockholders to learn their views Up to Sept. 1 1914 proposition had not been decided upon. V. 96. p. 1089, 1157.
STOCK AND BONDS.- Date.
Interest. Outstanding. Malurile.
Corn. $9,000,000 ($100)------ $2,291,200 f. p
Pref 11,000,000 ($10) 6% cum ____
J-J
1.000,000 July'14,3%
Collateral trust gold 110,-] 1903
4 g F-A
10.776,600 Feb 1 1943
781,250
c*fInt. at Real Est. Title Ins es Tr.,Phila.. True.
Stock.-Com. stook was listed on the Philadelphia Stock Exchange In
April 1903 and pref. on May 1 1911. V. 92, p. 1243: V. 93, p. 164. Pref.
stock is redeemable at par after 191$. Entire issue of pref. must be retired
before any dividends are paid on common. V. 91. p. 1512.
Bonds are dated Feb. 1 1903 and are secured by deposit of United Power
& Transportation stock. They bear 3% Interest the first year, 334 % the
second and 4% the third and subsequent years. Denominations $100.
$500 and $1,000. Are subject to call at 105 and Interest after Feb. 1 1913
on 30 days'notice.
Dividends.
-Initial div. on pref.-3%-paid July 1911; same rate semiannually since to and incl. July 1914.
REPORT.
-Year ending Jan. 31
Total
Interest
Fiscal
Other
Exp.&
Pref.
Bal., Surp.
Year- Receipts. Income. Coll.Trust. Taxes.
Div.
or Def.
1913-14
1545,725
(a)
1431,064
34.262 160,000 sur.150,399
(a)
1912-13 _ _ _ 554,968
431,064
4,353
60.000 sur. 59,550
1911-12_ 4
.649,919
(a)
431,084
15.515
57,305 sur.146,035
1910-11_
1293
431,064
76,750
def.507,521
1909-10_
319
431,064
9,904
def.440,649
74,418
431,064
15,873
1908-09def.372,519
1907-08.. _ _ 514,165
431,064
20,418
sur.62,683
a Other income is included in total receipts. •Of this amount $289,717
was paid directly by underlying lessor cos. to liquidate all unpaid int. on
moneys advanced to them by the Inter-State Rys.
OFFICERS.-Pres., John A. Rigg; V.
-P. and Treas., T. W.Grooket Jr.
Sec. & Asst. Treas., J. W.Goodwin.
-V.89, p. 41, 225, 286, 348, 528, 721,
1069, 1141, 1596; V. 90, p. 372, 771, 977, 1170, 1239: V. 91, p. 589, 1095,
1385, 1446. 1512, 1711; V. 92, p. 59, 281, 595, 1032, 1243, 1636; V. 93,
p.164; V. 94, p. 698; V. 96, p. 716, 1089, 1157; V. 98, p. 763. 839.
UNITED POWER & TRANSPORTATION CO.
-Electric roads.
Incorporated April 20 1899 under New Jersey laws to construct, develop
and own street railways, power companies. &c., and do a general business
(V. 68, P. 929). In Dec. 1902 stock was acquired by Inter-State Rys. Co.,
which see immediately above.
In Sept. 1914 owned the following stocks and bonds. We show also the
total amounts outstanding of each Issue. It will be observed that the
Citizens' Elec. Light & Power Co. bonds and stock no longer appear in the
list, having been sold: nor the Reading Power Co.stock. The Phila. Bristol
& Trenton By., the Holmesburg Tawny & Frankford. the Phila. & Chester
Ry. and the Southwestern St. By. have been foreclosed.
Toga
Owned.
Stock
Shares. Shares.
Delarase County & Philadelphia Electric Ry
B
r
5.993
6.000
Edison Electric Illuminating Co. of Lebanon. Pa
20,616
36,000
Lebanon Valley Street By. Co
9,992
10.000
Media Glen Riddle & Rockdale Electric Street Ry
1,632
1,641
Reading & Southwestern By
1.142
2,600
Roxboro Chestnut Hill & Norristown By.Co
4.939
4,968
Schuylkill Valley Traction Co
9,992
10,000
Trenton Street By
19.969
20.000
Trenton Traction Co
United Traction Co. of Reading, Pa
541917
,7
.8
80,008
20
Wilkes-Barre & Wyoming Valley Traction
49,992
50,000
Wilmington & Chester Traction
39,995
40,000
Wilmington City Electric
5,093
5,100
Wilmington & Great Valley Turnpike Co
978
1,040
Wilmington & Philadelphia Turnpike
1,035
1,200
Wilmington & Christiana Turnpike Co
644
680

(3) Philadelphia & Willow Grove Street Railway Co.
-Is a consolidation in 1904 of the Phila. & Willow
ORGANIZATION.
Grove Street By. and the Glenside & Willow Grove Street By. Entire
stock is owned by the Phila. Rapid Transit Co.,which guarantees the bonds,
principal and interest, by endorsement. See guarantee, V. 79, p. 904.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$1,000,000
Stock $1,000.000
1,000.000 July 1 1934
,
43i g J-J
mtge $1,000,000 guar] 1904
First
c*_ cptlInt. at Land Title & Tr. Co.,Phila., Trustee.
old ($1AW)
onds.-Bonds are subject to call on any interest date at 105 and interest
upon 30 days' notice. A sinking fund begins after 5 years: of $10,000 per
annum for 5 years, $15,000 per annum for following 5 years and $20,000
per annum for the ensuing 15 years. See V. 79. p. 904.
-Trackage from intersection of Weaver St. or Cherry Lane with
ROAD.
-V. 79,
Montgomery County line to Willow Grove Park. 14.690 miles.
004: Y. 81, p.32.
P.
(4) Darby & Yeadon Street Railway.
-Entire stock ($5,000) is owned by the Philadelphia
ORGANIZATION.
Rapid Transit Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock all owned by Philadelphia Rapid Transit Co.
$200,000 Dec 1 1934 Schiry114111 Valley Traction Co. Inc.
1904
4;i g J-D
First mortgage $200,000 gold]
B d8mortgage
100,000 100.000
c•_ c ptfInt. at Land Title & Tr. Co.,Phila., Trustee.
guar 41.0(10)
Also owns $15,000 1st M. tionds and 15,000 stock of the reorganized
-Are guaranteed, prin. & int., by endorsement by the Phila. Rap. Chester & Phula. Rs.
Bonds.
,
105 and interest.
Transit Co. Are subject to call on any interest date at
STOCK & BONDS.
-Stock auth., 13,593,750; shares $25, full paid. /n
ROAD.
-Comprises a line from the Philadelphia County line to Darby,
Mch. 1902 outstanding stock was increased from 13,125,000 to $3,593,750
234 miles.
(V. 74, p. 682), the additional shares being sold to stockholders at 135 per
(5) Chester & Philadelphia Railway.
$25 share. Bonds, 4% coll, trust certificates, are in two series, which we
Is operated by Phila. R. T.under 30-year:agreement dated Feb. 14 1911. have marked (a) and (b) below. (Stock and bonds listed on Philadelphia
ORGANIZATION.-Incorp. in Penn. on June 29 1910 as successor to Stock Exchange.]
(a) Under a trust agreement between the United Power & Transportathe Phila.& Chester Ry.,sold at foreclosure(V.92, p. 1243). In consideration of an agreement to operate the line the Phila. Rapid Transit received tion Co. and the New 'York Trust Co.. trustee, dated May 1 1899 (under
51% of Chester & Phila. stock. The Chester & Phila. receives 35% and which 17,989.339-171.250 were canceled at time of sale of Citizens' Lt. Co..
Rapid Transit 65% of gross earnings, for which the Rapid Transit assumes leaving $7.918,089 outstanding-United Railways gold trust certificates
all costs of operation. The 35% to be applied to int. on bonds and divs. were issued by the said trust company as trustee). the United Power 65
Transportation Co. deposited with said trust company 19.953 shares Trenon stock.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity. ton Street By. Co., 39,993 shares Wilmington & Chester Traction Co..
14,992 shares Holmesburg Tacony & Frankford Electric By. Co. (sold at
$485,000
Stock $485,000 ($50)
1st M 1600,000 gold (S100,-1 1910 5 g J-J
600.000 July 1 1940 foreclosure in 1910), 7.991 shares the United Traction Co. of Reading, Pa.,
$500 and $1,000)___c*_cpt(Int. at Real Est. Tit. Ins.&Tr.Co.,Phila.,Tr. 5,089 shares the Wilmington City Electric Co.,9.800 shares the Edison Elec.
-Red. on any int. date after July 1 1915 at 105 and int. V. 92, III. Co. of Lebanon, Pa. and 49,911 shares the Wilkes-Barre & Wyoming
Bonds.
Valley Traction Co. Originally 6,000 shares of Citizens' Elec. Lt. & Power
p. 1310. Listed on Philadelphia Stock Exchange.
Co. of Delaware County were also deposited with trustee, but these were
-Runs from Philadelphia to Chester.
ROAD.
taken up when property was sold to Del. Co. Elec. Co.
OFFICERS.-Pres., Chas. 0. Kruger; V.
(b) Under a trust agreement between the United Power & Transporta-P. & Treas., I. H. Silverman;
Sec., R. B. Selfridge; Asst. Treas., W. C. Dunbar; Asst. Sec., H.S. Mere- tion Co. and the Real Estate Title Insurance & Trust Co. of Phila.. date.
May 1 1899 (under which $998.950 Delaware County By. Gold Trust Cer-V. 92, p. 1243, 1310.
dith.
tificates have been issued). the United Power & Transportation Co. has deshares Delaware
-A trolley road.
posited with the said trust company, as trustee, 5,993agreement an adUNION TRACTION.
County & Philadelphia Elec. By. Co. Under the above
For statement of this company see "Elec. Ry." Section for May 1914.
deposit with
ditional amount of $1,167 of certificates will be issued uponthe Delaware
the trustee of the remaining shares of the capital stock of
County & Philadelphia Elec. By.Co.
INTER-STATE RAILWAYS.
The principal of both series (which are in $100, $500 and $1,000 pieces/
Financial Plan.-Int. due Feb. and Aug. 1909 was paid after some
holder on July 1 1949 and thereafter on any Jan. 1 or
Is due
delay. V.88. D. 1127. 1197; V.89. p. 348. 1141. On Nov. 25 1910 share- July 1 at option of of the United Power & Transportation Co. For both
at the option
holders ratified the readjustment plan (V. 91. p. 1385, 1512) calling for the
are payable
series, also, the semi-annual interest (J. & J.) and the principalInsurance &
issue of 11.000,000 6% cum. pref. stook, shareholders to take 1500.000 at
of tax, at the office of the Real Estate Title
par for cash (payable in 5 installments of 20% each at intervals of 30 days, in gold coin, free
Trust Co. of Philadelphia, trustee.
beginning with 2 payments Jan.2 and ending April 1 1911), and bondholders
-On Jan. 20 1900 a dividend of 50c. per share was paid,
DIVIDENDS.
to take 1500,000 at par in lieu of 1910 and 1911 coupons on bonds. V.91.
p. 1711; V.92, p.59. Entire issue was subscribed and taken. V.92,p. 1032. also same amount July 161900; In 1901, Jan. 21, $1: July 10. $1; in 1902.
July 10.11; in 1903. Jan. 20, 11; in 1904. Jan. 16, 12 66; in
Leases of Controlled Properties.
-The leasing of the underlying companies Jan. 20, $1;
Was consummated in 1910 upon satisfactory terms. The subsidiaries are 1905. Jan. 24. $2 39; in 1906, Jan. 26, $3 10; In 1907. Jan. 24, $3 20: in
in four groups. Wilkes-Barre. Reading, Wilmington and Trenton. The 1908, Jan. 30, $3 $1; none to July 1911. when $1 10 was paid; in 1912, Jan.
Wilkes-Barre By., the Reading Transit Co.(succeeded by Reading Transit 30, 11 40; July 29. 11 41; in 1913. Jan., 11 79; July, 11 26. In 1914,
& Light Co. in Mar. 1913, control of which was acquired by Eastern Power Jan., 51 52; July, $1 40.
& Light Corp.), the Trenton & Mercer County Traction Corp., the Southern
-For years ending Dec. 31:
REPORT.
Pennsylvania Traction and the Wilmington & Philadelphia'Traction Co Calendar
nterest,
Taxes,
From
Dividend
Bal. after
were formed (see these companies on subsequent pages) to take over the
Investments.
on 9s.
&c.
Paid.
YearDividends
various properties. V. 91, p. 1512; V. 92, p. 261. The Southern Penn. 1913
1784.697 1356,676
133,070 5399,625
def. $4,673
Trac. and the WIlm. & Phila. Trac. were purchased by National Properties 1912
999,514
356,676
32.611
460,000
Sum'
.150,22
Co. in Jan. 1913.
0604,842
1911
356,676 .
47,226
350,375
def.158,43




98

[VOL. xclx.

ELECTRIC RAILWAYS

a The rentals for year were $858,521, but $289,717 of this was paid di:
rectly to Inter-State Rys. by several underlying lessor companies, to liqui
date all unpaid Int, on moneys advanced to them by Inter-State Rye.
*Includes Interest on demand notes. &o.
-P. and Treas., T. W.Grooket Jr..
OFFICERS.-Pres.,John A. Rigg; V.
Sec. & Asst. Treas., J. W. Goodwin. Counsel, R. L. Jones. Genera
-V. 82, p. 220; V. 84, P. 2721
offices, 419 Market St., Camden, N. J.
V. 86, D. 338; V. 88, P. 54, 376; V. 89, P. 287; V. 90, p. 374; V. 91. p. 590
V. 92,P. 1702; V. 94, p. 418; V. 96, p. 421; V. 98, p. 454; V. 99, p. 200.
LINES DISPOSED OF BY LEASE.
For Wilmington and Reading groups see National Properties Co. and
Eastern Power & Light Corporation, respectively.
Wilkes-Barre Rys. Co.
ORGANIZATION -Incorp. Nov. 26 1909. Auth. stock, $1,500,000; Is
sued. $900,000. Leases Wilkes-Barre & Wyom. Val. Tr. Co. for 800 yrs
from Jan. 1 1910 at rental of $360,000 the 1st yr., increasing $10,000 every
two years until the maximum of $400,000 is reached,and all obligations
-B. & W. V. Trao. Operates about
in the way of int., taxes, &c., of W.
100 miles of track.
EARNINGS.
-For cal. year 1913, gross, $1,408,305; oper. exp.. taxes.
& rentals, $1,416,315; net income. $83,990; divs., $54,000; surplus, $9,990.
In 1912, gross. $1,321,692; oper. exp., taxes, & rentals, $1,275,628; net
income.$46,064; diva.,$18,000;surp. .528,064.
-P. and Gen. Mgr., T. A.Wright.
OFFICERS.-Pres.. Abram Nesbitt; V.
Sec. & Treas.. C. W.Laycock.-V.89. p. 1544: V.90. D. 374: V.91,p.1513.

STOCK AND BONDSDate,
Stock, $2,500,000 (par $50)Trenton Passenger first mtge-1
$1,000,000, gold ($1,000)
each)
c•
Interest at Mechanics Nat. 1891
Bank,Trenton, N J

Interest.

Outstanding.
Maturity'
$1,000,000
20,000 1914-1915
$10,000 due yrlySep.30
150,000 1916-1925
6 g A-0
($15,000 due yrlySep.30
100,000 1926-1930
($20,000 due yrlySep.30
550,000 Sep.30 1931
5 g .14
1,080,000 July 1 1938
Consolidated mortgage,gold} 1898
$2,000,000 ($1,000)_ __ _c* Interest In Trenton and at Real Estate Title
Ins. & Tr. Co.. Phila.; Girard Tr. Co., Trus.
6J-l)
Trenton St By gen XI 5500,-1 1911
500,000 June 1)941
000 gold ($1,000)
c•J Bankers Trust Co., N. Y.. trustee.
Trenton Pennington & Hope} 1903
5 g J-D
350,000 June 1 1943
arst mortgage, 5350,000, Interest at Fidelity Trust Co., Newark, True.
gold, guaranteed
Guaranteed prin. & int. by Trenton StreetRy
350.000 Nov. 1 1955
Trenton Hamilton & E 1st MJ 1905
5 g M-N
5500,000 ($1,000) gold_ _0'1 Int. at Real Est. T. Ins. & Tr.Co..Phila.,Tr.
300,000 Tuly 1 1944
Mercer Co Tr 1st M $300,0001 1904
5 J-J
gold ($1,000) guar p & I c*1Real Est. Tit. Ins. & Tr Co., Phila., trustee.
Bonds.
-t920,000 consolidated 5s of 1898 are reserved to retire 1st 68.
Trenton St. 12v. gen. H. bonds are sub. to call at 105 and Int. on any Int.
day. V. 93, p. 797. Mercer County Trac., Trenton Pennington & Hopewell and Trenton Hamilton & Ewing Trac, bonds are guar. p. & I. by end.
by Trenton St. By. V. 94, p. 826, 1696
.
OFFICERS.-Pres., John A. RIgg; Sec. and Treas., T. W. Grooket Jr.:
-V.81, p. 1175; V. 91, p. 1513; V 92, p. 796; V. 93, p. 528, 727; V. 94, p.
-The United Power & 828.
-Bane & Wyoming Valley Traction.
(1) Wilkes
Trans.owns 49,992 out of the 50.000 shares of stock.
-Is leased to the Wilkes-Barre By. Co.(see above). V.89. p.1598
Lease.
WILMINGTON & PHILADELPHIA TRACTION CO.
-Incorporated Feb. 9 1891; controls street railway
ORGANIZATION.
In Jan. 1913 was purchased by the National Properties Co.. of which
lines In the Wyoming Valley, Pa., extending from Wilkes-Barre to Duryea Van Horn Ely of Pittsburgh is President.(See V.96. p. 493; V.97, p. 1737.)
and Nanticoke on east side of Susquehanna River and Pittston and Ply- V.98. p. 1003.
mouth on west side. In Dec. 1902 made collateral trust mtge. for $250,000
In Delaware on June 27 1910. Stock
ORGANIZATION.
to purchase stock of the Wilkesbarre Dallas 63 Harvey s Lake By. Co. and Out, $4,060,000 corn, -Incorporated
all the stock of the Southfor other purposes. On July 1 1904 leased the Plymouth & LarksvIlle Street ern Penn. Trac. Co.and 5500.000 pref. Owns
and Wilmington Lt. & Power Co. Leases for 990
By. for 999 years at 6% on $75,000 stk. and int. on $75,000 5% bonds.
years from July 1 1910 the Wpm. City By., Wilm. & Edgem. Elec. Ry..
BONDS- Date.
Interest. Outstanding. Maturity. Gordon Heights By., Front & Union St. By. and Wilm. City Elec. and
STOCK AND
Text.
Stock (par $100)
$5,000,000
See text
New Castle County Elec. Co. at a minimum annual rental of $79,010,
5 g A-0
1st mtge, 51,500,000. gold 1891
1,500,000 Apr111 1921 to a maximum of $120,610 in 15 years. Controls and operates through the
c* Interest at Provident Life & Tr. 0o., Phila above leases and through the Southern Penn. Trac. Co., electric light and
($1,000)
5 g J-J
Collateral trust and mortgage, 1895
275,000 Jan. 1 1926 Power business in Wilmington and street railway lines in Wilmington,Del..
$325,000, gold
I Int. at Anthracite Say. Bk., Wilkesbarre, Tr. Chester and Media. Pa., and suburban lines connecting the above places
Collateral trust and mtge. gl 1902
5 g J-D
250,000 Dec 15 1922 with each other and with Philadelphia,comprising a total of 91 miles of track.
($1,000). 5250,000
c*JInt.at Real Est.altle.Ins.&Tr.Co.,Phila. Tr
EARNINGS.
-For cal. year 1913 (Incl. So. Penn. Trac.), gross. $1,897..
Underlying Bonds on Roads PurchasedWIlkesbarre & Suburban bonds ____
4%
40,000 July 1 1918 631; net, 6815,855; fixed charges and taxes, $583,742; surplus, $252,111.
Wilkesbarre & W Side bonds__ ____
5%
OFFICERS.-Pres.. Van Horn Ely, Pittsburgh; V.
-P. & Gen. Mgr..
35,000 Sept 1 1918
Guaranteed Bonds
T. W. Wilson, Wilmington; Sec. & Treas., C. N. Ryan, Wilmington;
Pitt St Car 1st M ($1,000). g. 1893
6 g J-D
126,000 Dec 1 1918 Aud., C. E. Yost, Wilmington; V. 96, P. 1774.
p & I unconditionally gu-c* Int. at Real Estate Tr. Co., Phila., True.
(1) Wilmington & Chester 'Fraction.
5 g A-0.
Plymouth Br Co 1st gold M,t 1894
113,000 Oct 1 1924
$150,000, guar prin & int_ -J Int. at Anthracite Say. Bk., Trustee, Wilkes.
United Power & Trans. Co. owns 39,995 out of 40,000 shares of stock.
$10,000 subject to call In 1904 and $3,000 yearly thereafter.
Lease.
-Part of this company's lines are leased to the Wilmington &
Wlikesbarre & Kingston - __ ____
5 F-A
90,000 Aug 1 1918 Phila. Tree. Co. and part to the Southern Pennsylvania Tram. Those in
_5
Wilkesbarre & East Side Pty__ ____
150,000 See(19 below Delaware, viz., Wilm. City By., Gordon Heights By., Front & Union St.
Bonds.
-Interest on the Wilkes-Barre & Kingston bonds reducedto 5% in By. and Wilm. & Edgem. El. Ry. are leased to Wilm. & Phila. Trac. (see
Aug. 1903 and bonds extended to Aug.1 1918. Int.on the Wilkes-Barre & above); those in Penn., viz., Chester Trac. Co. and Its subsidiaries are leased
Suburban bonds reduced in 1903 to 4 % and bonds extended to July 1 1918. to Southern Penn. Trac. Co. (see below).
The Wlikesb. & Wyoming Valley collateral trust bonds of 1902 are subject
ORGANIZATION.
-Incorporated March 1898. Has acquired all
to call after 10 years at 105 and accrued interest.
the stock of the Wilmington City Ry. ($519,930), the Gordon Heights
By.(551.500), the Front & Union Street Ry. ($299,930) and the Chester
Dividends.
-In 1896, Jan., 1%; July. 1%; in 1897, Jan., 1%; In 1898,
1%; In 1899, Jan., 1%; Dec. 3%; in 1900, 3%; In 1901, 4)j%; 1902 to Traction Co. ($500,000), all of which are deposited under the collateral
trust mortgages of the Wilmington & Chester Traction Co. Owns $50,000
1908.1nel.. 3% per ann.; In 1909. 2 2-5%; In 1910. 4%; in 1911. June, 1%
stock of the Chester St Delaware Street By.; also owns $150,000 debenture
COMPANIES CONTROLLED IN SYSTEM.
-The following table shows bonds of Front Sr Union St. By.and 545,000 1st H. bonds of Gordon Heights
the several companies operated, their mileage, capital stock,and the amount
Wilmington &
of It owned by the Traction Company, their debt, and finally the rental pay- Ry. The Wilmington City By. leased June 30 1906 the
holds all the
able under 999-year leases; 6% here meaning 6% on the oustanding capital Edgemoor Electric Ry. for 999 years. The Chester Trac. Co.
stock of the Union By. Co., $100,000; Chester & Media stock, $35,000; Chesstock; and $1 meaning a nominal rental, the company having only a nomiter Darby & Phila.stock. $65.000; total, $200.000. The Chester Trac. pays
nal existence.
as rental (besides Int. on bonds) 6% on the $100,000 stock of the Chester &
--Mock.-Media and on the $100,000 stock of the Chester Darby & Philadelphia.
Name of Company.
Miles. Issued, Owned,
Debt. Rental.
AfatUrItV.
Interest. Outctandina
Date.
STOCK AND BONDSOoalville Passenger Railway__ 5.67 $62,400 $36,300
None
6%
on
$2,000,000 Dec'12,60cts
$2,000,000
Nanticoke Street Railway
9.68
6,000
6,000
None
$1 Stock trust gold ($50) full pd_ Listed 5 Phila. Ea 2.305,000
1 1918
54,000.0001 1898
g A-0
Coll
Pittston & Avoca St. Hy
2.00
13,500
13,500
580,000
II
($500 and $1,000 each) estf.(ProvIdent Life & Trust Co., Phila.. Trustee.
Pittst. Moosie & P. V. St. By
1.95
42,000
42,000
None
$1
5%
345,000 April 1 1951
Pittston Street C
Car
8.82 200,000 200,000
126,000
$1 Collateral trust gold, $5.-f 1912
tfl,WIlmIngton Trust Co., Wilmington, Trustee.
500,000
Plymouth & LarksvIlle Ry
3.45
75,000
75,000
6%
Plymouth Street Railway
Securities of Subsidiary Lines
. 6.00
12,000
12,000
None
$1
5 11-S
5600,000 Sept 1 1951
West Pittston & Wyo.St. Car.. 2.25
30,000
30.000
E1 Winn City 1st 51 5600,0001 1911
None
c•_ntflInt. at Eq. Guar. & Tr. Co WIlrn., trustee.
($1,000)
Wilkesbarre 43 East
_
5.00 150.000 150,000 *150,000
$1
5 g M-N
250,000 May 1 1944
Wilkesb. & Kingst. Pass. Ry_ 6.60 100.000
Side_99,700
90,000
6% Ohester Traction 1st mtge.] 1894
c*tf'Int. at Guar. Tr. & Safe Dep. Co., Phila.
gold, $250,000
190,000
$1
24,000
24,000
WIlkesb. & Plains. Fly
_ 4.00
*40,000
83,500
Wilkesb. & Suburban St. Ry___10-uu 100,000
6%
Leased to Chester Traction
150,000
(a) Union By Co 1st mtge. cr_e_tf 1913
200,000 Jan 1 1943
Wilkesb. Dallas & Harvey's L__13.01 200.000 193.750
5 g J-J
9.63 100,000
92,450
*35,000
6% Ohester St Ry stock (550) tf ____ 10 J-J
150,000 rental 10%
WIlkesbarre & West Side
75.000
75,000
113.000
5 g J-J
100.000 July 1 1943
Plymouth Bridge Co
Chester & Media El By,gold tf 1913
5 g J-J
125,000 July 1 1943
Ohester Darby & Phila. gold tf 1913
Entire stock and bonds deposited under collateral trust of 1895.
*Entire amounts owned by the W. & W. Valley Trac.
Leased to Wilmington City Rg.-V. 66, p. 285: Miming & Edgemoor 1st
5 g J-D
1906
a Dividends In this case are dependent upon earnings.
400,000 June 1 1946
£400.000 ($1,000), g e• tf(alt. at Real Estate Title Ins. & Tr.,Phila.,Tr.
V. 68. p. 830. 1134; V. 69, p. 29; V. 76, p. 1302; V. 89, p. 1598.
The Wilmington & Edgemoor bonds are guar. as to both principal and
(a) Wilkes-Barre Dallas& Harvey's Lake Ry.-The Wilkes-Barre & Wyo- Interest by the Wilmington City RS%
ming Valley Traction Co. owns all the stock.
Union By.. Chester Street By.. Chester &
ORGANIZATION.
-A reorganization in 1898, per plan In V. 55, p. 1190, atInterest on County Trust Co.. Chester, Pa., or Chester Media payable
Delaware
Darby &
of the Wilkesbarre & Northern RR., sold by Sheriff in Sept. 1898. Road. Ry. Co.. payable at Continental-Equitable Title & Trust Co., and Phila.
interest
partly constructed, was completed and electrically equipped by new com- Upon all the latter guaranteed by Chester Traction Co.
pany from Luzern°. Pa.. there connecting with Wilkes-Barre &Wyoming
--$1,695,000 coll. tr. Is of 1898 reserved to retire underlying securiBonds.
Traction to Harvey's Lake, Pa., 13.01 miles.
Valley
sub, to call
Interest. Outstanding. Maturity ties and guar. stock. Bonds are reservedat 103 after April 11914. Of the
STOCK AND BONDS- Date.
for like amt, of coll. tr. of 1898
-All stock owned by W.
-B.& W. Val. Trac, coll. tr. of 1912, 54,000,000
Stock $200,000 ($50)
.
5g
150,000 Sept 15 1928 Wilm. City bonds are sub, to call at 105 and Int. on or after Sept. 1 1914.
let mortgage, $150,000, gold' 1898
c*jInt. at Anthracite Say. Bk., Wilkesb.. True. V. 93, p. 667.
a500)
The Chester Trac. bonds were extended in 1914 for 30 years. V. 98, p.
-V. 69. p. 133.
1158.-V. 98, p. 1074.
107$,
Trenton & Mercer County Traction Corporation.
(2) Wilmington City Electric Co.
ORGANIZATION.-Incorp. on Oct. 6 1910 In New Jersey with $10,000
Lease.
-Was leased on July 1 1910 for 990 yrs. to the Wilm. & Philastock (S100), increased in Nov. 1911 to $400,000, of which $200,000 is pref. Traci. Co., the latter assuming all int. & fixed charges of Wilm. City BIM Co.
V. 93, p. 1280. On Oct. 15 '10 leased for 990 yrs. Trenton Street Railway,
ORGANIZATION.-Incorp. In Delaware in 1895. Franchise perpetual
Mercer County Trao.. Tren. Ham. & Ewing Trao. and Trenton Pennington
in Wilmington.
& Hopewell St. By. at a rental of $80.000 the let yr.. 283,500 the 2d, $85.- Does an electric light and power business
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS000 the 3d, then increasing $5.000 yearly until the maximum of $150,000
$255,000 may 1 1951
85,0 0
Stock
32, 0
50 0
is reached.
5 M-N
-For cal. year 1913,gross,$771,037; net after taxes.$314,- First mtge $1,000,000 gold' 1911
EARNINGS.
($1,000) guar p & l___o• tffInt. at U.S. Mtge. Sr Tr. Co., N.Y.,Trustee
gross, $715,686; net, after taxes, $297,659.
400. In 1912,
Bonds are redeemable on and after May 1 1921. Guar., p.& I., by Wil. &
,
ROAD.-Owns and controls by lease about 72 mile of ;rack,comprising
yardvIlle, Trenton Phila. Trac. Remaining bonds may be issued at 80% of cost for extent,.
all local street railway In Trenton and interurban lines
June., Pennington, Hopewell. Lawrenceville, Princeton and Hamilton and Impts. under certain restrictions. V. 92, p. 1441 V 94, p. 567.
Square. The new tracks have 90-118. Johnson girder rails.
(2) Southern Pennsylvania Traction Co.
-P., J. H. Pardee. V. 93,
OFFICERS.-Pres., Rankin Johnson; V.
ORGANIZATION.-/noorporated in Penn. In June 1910 with $10.000
p.797, 1260; V. 94, p. 828.
stock, all owned by Wilm. & Phila. Trao. Co. Leases for 990 years from
Trenton Street Ry.-Trolley. The United Power & Transportation July 1 1910 Chester Trac. Co.. Delaware County & Phila. Elec. By. and
(1)
Media Glen Riddle & Rockd. E. St. By. Co. at a minimum annual rental
Co. owns 19,968 out of the 20,000 shares of stock outstanding.
of $71,990 to a maximum of$106.990 in 15 years. V.98, p.1073.1158.
Lease.
-Is leased to Trenton & Mercer Co. Trao. Corp. (see above)•
(a) Delaware County & Philadelphia Electric Ry.-A trolley road.
V. 91, p. 1513.
ORGANIZATION. Forraed June 29 1898 by consolidation of the 'fren
Lease.
-On July 1 1910 leased for 990 years to Southern Pennsylvania
Passenger Ry., Mulberry Street Passenger By.. Pennington Avenue Traction Co. at a rental of $40,000 per annum.
ton
Passenger By. and Ewing Passenger By.
-Incorporated May 11 1892. Completed from
ORGANIZATION.
On June 19 1899 the Mercer County Traction Company was formed Media, Pa.. to Baltimore Av., Clifton His, In Jan. 1895; connects with
with a capital of $100,000 to enable the Trenton Street Railway Com- he Chestnut & Walnut Street cars of the Union Trac. system. In May the
pany to build an extension of 11.42 miles into Princeton and In the city of United Power & Transportation Co. acquired the road, paying $166.66 per
Trenton. The entire stock is owned by the Trenton Street Railway. Is share for the stock in its 4% trust certlftcates secured by a deposit of stock
operated as a part of Trenton St. Ry. system. In June 1903 acquired entire
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
cap. stock ($250,000) of Trenton Pennington & Hopewell St. By., which
$500,000, authorized_
$300,000
See text.
is also operated as part of the Trenton St. Ry. System and whose bonds it Stock,
1913
5 J-J
64,000 July 1 1943
guarantees, p. & I. Also on May 1 1906 acquired entire capital stock First mortgage, $64,000
Int. at Cont.-Equit. Title & Tr. Co., Phila.
the Trenton Hamilton & Ewing Traction Co., operated as part
($200,000) of
The let M.bonds which matured July 1 1913 were extended for 30 years
of Trenton St. By. System, guarantees its bonds, principal and interest.
at 5%.
In Aug. 1911 increased auth. stock from $1,000,000 to $2,500,000.

11




SEPT., 1914.J

••

ELECTRIC RAILWAYS

99

STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
DIVIDENDS.
-Paid in dividends: in 1899-1900 $36,000; in 1900-01.
$3,300.000
$27,000; 1901 to 1908 incl., $21,000 per ann.: in 1909 and 1910, none; in Stock common 55.000.000Pref $2,000,000 6% cum. after
1911, $21,000; in 1912, July, $15,000; none since.
April 1 1915
853.900
-lb. T and girder.
-Owns 12 miles of track. Rails. 80
ROAD.
First mortgage $5,000,000 1910
1,750.000 Mch 1 1930
5 g M-S
($500 & $1,000) gold-c* tff Harris Tr.&S.B..Chte..&St.L.Un.Tr.Co..Trus.
-A trolley road.
FRANKFORD TACONY & HOLMESBURU R Y.
Debentures $1,050,000 (6%)l1910
See text
1.050,000 Apr 1 1920
ORGANIZATION.-Incorp. In Pennsylvania on July 11 1910 as a re($500 ,SG $1.000)
c*tf Cont. & Comm. Tr. & Say. 13k., Chic., Trus,
organization of the Hoimesburg Tacony & Frankford Elec. By., sold at
Stock.-Pref. Is 6%
also
foreclosure June 1 1910. For terms of exchange of bonds of old company earnings after common cumulative after April 1 1915 andstock shares in
has been
has received 6%. $41,700 pref.
for new company bonds, see V. 91, p. 276. Franchise perpetual.
retired.
Interest. Outstanding. Maturity'
Date.
STOCK AND BONDS.
Bonds.
-Remaining first mtge, bonds are reserved for extensions and
*500.000
Stock $500,000 ($50)
400,000 July 1 1940 additions at 80% of cost, but only when previous year's net earnings are
5 g .T-J
First mortgage $500,000 gold 1 1910
twice interest on bonds out and to be issued. Subject to call at 103 and
tflInt. at Tacony Trust Co.. Phila., trustee.
($500 and *1,000)interest on any interest date on twenty days' notice. No sinking fund.
reserved for extensions and bet- Int. is payable at Harris Trust & Say. Bank, Chicago;.11arris, Forbes &
Bonds.
-Remaining $100,000 bonds are
terments. Bonds are not subject to call. They are listed on Phila. Stock Co., N. Y., or any of the offices of E. H. Rollins & Sons. V. 90, p. 914.
Exchange. V. 93, p. 105.
Debentures are incomes for first 5 years, then are entitled to 6% fixed Int.
EARNINGS.
-For year end. Dec.31 1913, gross. $144,421; net, after Int. payable (A. & 0.) at Continental it Commercial Trust de Say. Bank.
Chicago, or First Nat. Bank, New York. Deb. int. has been paid each 6
surplus, $20,598.
taxes, $40.598; charges, $20,000;
mos. to and incl. April 1913. Red.
ROAD.
-Operates 17.29 Inlies of track between Philadelphia. Frankford. been previously called for red., they at par and int. Unless debs. shall have
Bridesbure, Tacony, Holmesburg and Torresdale, of which I tulle On Phila.) at any time after April 1 1915. are cony,at par into gen. M.6% bonds
28 motor
Is leased. 60-lb. T and 80-lb. girder rails. Gauge 5 ft. 2 in
EARNINGS.
-For fiscal year end. June 31 1914, gross, $582,166; net,
cars, 14 trail cars and 7 misc. cars. Has operating agreement with Trenton
Bristol & Phila. St. By. for mutual operation on each other's lines from after taxes, $221,936; interest, $150,500; surplus, $71,436.
Frankford to Bristol.
ROAD.
-Owns and operates 98li miles of main track, embracing some
-P., C. B. Fraley; local street railway lines in Joplin, Mo. and all in Pittsburg. Han., and
OFFICERS.-Pres. and Man., Meyer Schamberg; V.
'
Sec. & Treas., Jacob M. Vogdes.-V. 91,p. 276;V. 93,p. 105; V. 95,p. interurban lines connecting the two cities, and also Pittsburg with Frontenac
Dunkirk, Radley, Franklin, Arma, Croweburg, Mulberry and Girard and
1331; V. 98.p. 453.
Cherokee, Mineral, Weir City, Scammon and Columbus. 70-1b. rails.
OFFICERS.-Pres., Joseph J. Heim, Kansas City, Mo.; V.
TRENTON BRISTOL & PHILADELPHIA STREET R Y.
-P., J. W
Ground, Kansas City. Mo.*
-Incorporated in Pennsylvania as a reorganization Mo.; Aud., E. S. 13igelow, Sec. & Treas., John A. Prescott, Kansas City
ORGANIZATION.
'
Kansas City, Mo.;
of the Phila. Bristol & Trenton, sold at foreclosure on Aug. 2 1909. V. 89. Pittsburg, Kan. Gen. office. 1st Nat, Bk. Gen. Mgr., W A. Satterlee,
Bldg., Kansas City. 'do p. 349, 780 In Sept. 1910 directors rejected a proposition to lease the Operating headquarters, Pittsburg, Kan.
-V. 90, p. 914, 1170; V. 98.
road to Frankford Tacony & Holmesburg By.
p. 1297, 1365. 1423,
Date.
Interest. Outstanding. MaturitySTOCK AND BONDS$325,000
Stock. 3325,000 ($50)
5 g M-S
408,000 Mar. 1 1943
1st mtge $750,000 ($1,000,) 1913
PITTSBURGH, PA.
$500 and $100) g__c*tf Union Trust Co. of Md., bait., Trustee.
Remaining bonds, $344.00ô. reserved for corporate purposes. Subject
PHILADELPHIA COMPANY.
-Gas (natural and manufactured),
to call as a whole on any hit, date at 105 and int. No sink. fund.
electric company, trolley.
EARNINGS.
-For year end. June 30 1914. gross, *90,771; net, after
In Feb. 1906 the United Rya, Investment Co. of San Francisco acquired
taxes, $18,513; charges, $20,300; deficit. $19,998.
control through purchase of 321.000,000 of the common stock, paying for
ROAD.
-Owns and operates 17 miles of track from Torresdale to Morris the stock acquired partly in its own stock and partly in an issue of its coll.
ville. Rails. 60 and 90-lb. girder and 72-lb. T; gauge 5 ft. 2% Inches: trust bonds. In April 1907 acquired $3,200,000 more of the stock by an16 oars. 4 service cars, 1 freight car anti 1 snow-plow, 4 engines and 4 gen- other issue of coll, trust bonds. See statement of United Rys. Investment
erators, 850 k.w. capacity. Has an operating agreement with Frankford Co. under San Francisco and also V. 82, p. 393. 988.
Tacony & Holmesburg By., by which cars of both companies run through
ORGANIZATION.
-Organized on May 24 1884, and was originally a
from Frankford to Bristol.
natural gas company. Operates under special Act of the Legislature al
OFFICERS.-Pres.,Edward D.Toland; See. and Treas., Carl N. Martin. Pennsylvania (conferring many valuable rights and privileges) granted to
-V.89. p. 780; V. 91, p. 871; V. 96; Its predecessor, the Empire Company, in March 1871. Its business may
Gen. Mgr.. H. J. Hill, Bristol, Pa.
be classed under three main heads:(1) Street Rallwaya,(2) Electric Lighting
. p. 654, 1158.
and Illuminating Gas and (3) Fuel Gas.
(1) The Street Railways comprise about 656 miles of track, all operated
-A trolley road.
PHILADELPHIA RAILWAYS CO.
-Incorporated in Pennsylvania on May 13 1911 as (as a matter of convenience and economy) by the Pittsburgh Railways Co.
ORGANIZATION.
(except the Clairton St. By., Co., the Beaver Valley Traction Co. and the
successor to the Southwestern Street Ry. sold at foreclosure Apr. 21 1911. Pittsburgh & Beaver St. Ry. Co.. which
are operated separately)
V. 92. p. 1375. Power house has been overhauled, track and overhead
In Feb. 1902 acquired the elevated railroad franchises which were
construction rehabilitated and cars have been overhauled and painted• granted
to Messrs. Bigelow, Oliver, Quay and others. V. 74, p. 478.
(2) Electric Lighting & Illuminating GAIL-Philadelphia Company
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
controls through stock ownership the following companies, forming alas
$400.000
Stock $400,000 ($50)
the
5 g M-N 15
400,000 May 15 1941 lighting department of its business:
1st mtge $400.000 gold ($500) 1911
c•Mint.at Real Est. Tit. Ins. & Tr., Phila.,Trus. Duquesne Light Co. 'Consolidated Gas Co. 'South Side Gas Co.
and $1,000)
(3) Fuel Gas.-Plilladelphia Company, through its own lines and those
Bonds are red, on any int, date after May 15 1916 at 105 and hit.
-Owns and operates 15 miles of track within limits of Phila- of a number of companies controlled by it, supplies nearly all the fuel gas
ROAD.
the cities of Pittsburgh and Allegheny and the manufacturing
delphia. Also operates branch of Chester & Phila. Rys. Co.from Bow Creek consumed In along
towns lying
the Monongahela and Allegheny rivers. Company conto Essington. $( miles. Gauge, 5 ft. 2( In.
trols by lease 633,963 acres of gas and oil lands in West Virginia, Ohio and
OFFICERS.-Pres., I. H. Silverman; Sec., Alvin W. From; Treas.. Western Pennsylvania. It controls through its ownership of the
Pitts-V.92. p. 1375.
Benj. Wolf.
burgh & West Va, Gas Co., 14,756 acres, and through ownership of the
Equitable Gas Co. 779 acres of
191$ the Pittsburgh
-An electric third-rail system. Virginia Gas Co. purchased the leasehold. InNatural Gas Co.by & West
PHILADELPHIA & WESTERN R Y. CO.
Monongahela
the issue
ORGANIZATION, ETC.-Incorp. June 6 1907 in Pa. as successor to of 51,500,000 coll, trust notes (see below). The prinalpal fuel gas
the Philadelphia Western RR. Co. In 1910 control was acquired by a syn- companies controlled are*
The Philadelphia Company of West Virginia.
dicate headed by Edw. B. Smith & Co., of Philadelphia and New York.
Chartiers Valley Gas Company.
Owns one-half of the capital stock of the Norristown Transit Co.. which
Equitable Gas Company.
road connects the Lehigh Valley Transit Co. with the Philadelphia & WestPennsylvania Natural Gas Company.
ern (see "ROAD" below).
Union Gas Company of McKeesport.
The syndicate which purchased $2,000,000 1st 5s was dissolved by limiAllegheny Heating CompanY.
tation on June 21 1913.
Pittsburgh & West Virginia Gas Co.
Interest. Outstanding, Maturity
Date.
STOCK AND BONDS.
During year ending March 31 1914 company sold 40,238,593,700 cu. ft.
*4,000.000
Common $4,000,000($50)of natural gas.
Pref $2,000.000 5% cum after
On July 30 1914 Judge Ford in the Common Pleas Court at Pittsburgh
2,000,000
Jan 1 1916($50)
held that under the terms of the old ordinance passed in 1884 the com2,030,000 July 1 1960 pany is obliged to furnish free gas for all city departments and properties,
5 g J-J
First mortgage *4,000,0001 1910
gold
tf Phila. Tr. S. D.& Ins. Co., Phila., trustee. Including the case in question-the municipal hospital. The company
Interest atEdw. B.Smith Co.,Philadelphia. will appeal from the decision.
'
Bonds.
-$970,000 bonds are in treasury not included in amount outstandIn 1912 the company made an adjustment of its accounts and relations
ing above.
with the Pittsburgh Railways Co. It sold to the Pittsburgh Rys. certain
stocks of street railway and traction cos. included in the Pittsb. Rys. Co.
EARNINGS.
-For 11 mos. end. May 31 1914. gross, $338,281; net,
after taxes,$136,792; other deductions,5956; hit., $125,228; surp.,510,608. system (book value. $8,265,000), and also turned over to the Railways Co.
the bills payable of that co. and of certain underlying cos.(book value, $10,ROAD.
-Operates a high-speed double-track road 11.2 miles long between 649.052) held by the Phila. Co. In return it received $10,000,000 par value
Philadelphia and Strafford, entirely on private right-of-way, and connect- 6% debentures of the Railways Co.; interest on these debentures is payable
ing with Phila. Rapid Transit Co's subway-elevated system at 69th & Mar- only if earned and Is non-cumulative. See report for year end. Mar. 31
ket Sm.. Phila. An extension was completed In loll to connect with 1914 in "Chronicle" of May 23 1914, page 1802.
Penn. RR. main line at Strafford Sta. An extension from Villa Nova into
Norristown was placed in operation on Aug. 26 1912. In Dec. 1912 con- *SCHEDULE OF CAPITAL STOCK OF OTHER
CORPORATIONS
nection was made with the Lehigh Valley Transit Co.'s lines at Norristown
OWNED AND POSSESSED ON AUG. 31 1914.
viz Norristown Transit Co. and a through service established between
Allentown and Philadelphia. Total track. 39.05 miles; gauge 4 ft. 8% in.
Shares.
Total Issue.
85-1b. rail; 22 passenger ears, 2 express and 3 flat cars. Total. 27 cars.
Consolidated Gas Co.of the City of Pittsburgh(owns stock of Allegh.111'g Co.)_x$80,000 Common out of 80,000
OFFICERS.-Pres. Thos. Newhall; Sec. & Treas., Gerald Holsman; Consol,
as Co. of C. of Pitts
862 Preferred"
40,000
Gen, Mgr., J. L. Adanis, Offices, Upper Darby P. 0.,Pa.
-V.90, p. 915;
x29,850 Common
29.85$
V.91, p.519;V.92,p. 1500; V.95,p.420,545; V.96,p. 1702; V.97,p. 1427. Cheaters Valley Gas Co
Pennsylvania Natural Gas Co
19,822
20,000
44
0.
Equitable Gas Go. of Pittsburgh
13,927
13,927
Equitable Gas Co. of Pittsburgh
5,975 Preferred"
5.97$
South Side Gas Co
15,099 Common "
20,000
Pittsburgh & W. Va. Gas Co
PHOENIXVILLE, PA
30,000
'
30,008
4.
..
Allegheny Heating Co
x2,664
4,754
PHOENIX GAS & ELECTRIC CO.
-Gas, electric and trolley.
Consolidation Traction
0233.117 Preferred"
240,000
This company was purchased in 1913 by the American Gas Co. (see that Consolidated Traction
y286.824 Common
286,980
company in V. 98, p. 1069; V. 97, p. 1288). The coll. trust 5s of the Union Gas Co. of McKeesport
16.000
" being all the st'k
Phoenix Gas & Elec. Co. were canceled and the underlying companies:
- Pittsburgh Railways Co
50,000 Preferred"
the Schuylkill Valley Illuminating Co. and the Consolidated Schuylkill Gas Pittsburgh Railways Co
50,000 Common"
Co. were merged with the Philadelphia & Suburban Gas & Electric Co. Duquesne Light Co
210,920
.•
The Montgomery & Chester Elec. By. which was also owned by the Phoenix Braddock Gas it Light Co
5.000
461
6.
Gas St Elec. Co. was not merged, but is now owned by the American Gas Seventeenth St. Incline Plane Co
5,000
as
Pittsburgh & Beaver Street Ry
Co., subject to lease.
4.700
44
44
Mansfield & Cheaters Gas Co
500
Cosmos 011 Co
1,900
Morningside Electric Street Ry. Co
480
.1
46
PITTSBURG, KANSAS.
Brereton Ave.St. By.Co
240
s
Bates St. Ry. Co
-A trolley road.
180
JOPLIN & PITTSBURG RAILWAY.
•
,
6a
Carrick & Baldwin St. Ry
120
ORGANIZATION.
-Incorporated June 10 1907 in Missouri. Took
•
11.6
x20,000
Railway & Light Co. and the Joplin & Pittsburg Street The Philadelphia Co. of West Virginia
over the Pittsburg
44
Beaver Valley Traction Co
RR. V. 85, p. 469. The Pittsburg By. & Lt. Co. was incorporated in 5 misc., elec. power and street r7. cos__ _ 21,500
792
Kansas in 1905 as a consolidation of the Pittsburg RR.and the Pittsburg
All of the above shares marked thus, z (with the exception of
Light & Power Co. In 1910 absorbed the Pittsburg & Kansas City Ry.
19.990
(which company had acquired the Girard Coal Belt Elec. Ry.).and all bonds shares the Phila. Co. of W. Va., held in treasury of Phila. Co.), are in the
of that company were retired. Franchises in towns through which road hands of the Maryland Trust Co., trustee under the let mtge. and collateral
runs vary from 30 to 50 years and some are perpetual. Private right of way trust dated March 1 1899 Those marked y (with the exception of 39,590
shares Consol. Tract, common and 157 shares Consol. Trac, pref.
outside of cities and towns.
held in
The P. S. Comm. of Mo. and the RR. Commissioners of Kansas on treasury of Philadelphia Co.), are held as security for the collateral
May 1 1913 sanctioned the issue of $1,050,000 6% gen. M. bonds, dated bonds of 1901, and these latter bonds are also a second lien on the trust
shares
marked x.
April 1 1913, due April 1 1920, and same have been deposited as additional
security for the 6% debentures due April 1920 and to provide for their
•On July 31 1914 the value of stocks and bonds of
other companleo
conversion (see below).
owned was 573,595,860.




ELECTRIC RAILWAYS

100

*SECURITIES OUTSTANDING (AS OF AUG. 31 1914).
Date. Interest. Outstanding. Last dis.,&e.
STOCK AND BONDS$39,043,000
See text
Q-F
Stock, coin, $42,400,000 ($50
6,171,800 Nov'14,3%
6 M-N
___Pref stk $25,000.
8% cum
5 M-S
2,033,400 Sept'14, 23.
Pref stk. 5%, non-cum, $2,- ____
033,400 (par.$50)
5 g M-S
6,023,000 Itch 1 1949
Phil Co let & Col Tr M, $6 -1, 1899
500,000, g ($1.000) co_ tfj Maryland Trust Co., Baltimore, Trustee.
5 g M-N
15,148,000 Nov 1 1951
Co con M & col tr, $22.-1 1901
Phil
tf Continental Trust Co., Baltimore, Trustee.
000,000, g ($1,000)
5gF
-A
1,957,000 Aug 1 1919
Oonv deb $2,500.000 goidi 1909
0•__ tf /nterest at New York Trust Co.. trustee.
($1,000)
5 M-N
1,400.000
See text.
Cony notes $1,400,000 gold 1911
_________ tf Int. at New York Tr. Co.. N. Y., Trustee.
($5,000)
9,795,000 May 1 1922
Cow deb $10,000,000 goldl 1912 5 g M-N
($1,000 or g20515s.2d)c*tf New York Trust Co.. N. Y.. trustee.
6 g F-A
2,000,000
See text
Phila Co collateral gold notes ____
tf Int. at Union Trust Co. of Pitts., trustee.
$2,500,000 ($5,000)5g
1899
250,000 Oct 1 1929
Union Gas Co, McKeesport. Union Trust Co., Pittsburgh. Trustee.
lInterest at Mellon National Bank, Pittsb'gh.
lit mortgage, g, 1
5 g A-0
1,500,000
See text
Pittsb. & W. Va. Gas coil.) 1913
*1,500,000 ($1,000)c*-tf lint. at Union Tr. Co.. Pittsburgh. trustee.
tr

Deduct
Paid leased companies__
Interestonfunded deb
Impts.,extensl nt.:
mis ellaneous ions1
e

[VOL. xcix.
192321946.7
;

1912-13.
$23,241
1,565,740
1,198,811
49,794

1911-12.
$10,267
1,221,900
917,639
56,033

1910-11.
$10.292
1,051,162
1,633,827
204,814

Total
$2.870,841 $2.837,586 $2,205,839
Balance for year
$3,516,648 $3,418,142 $4.530,867
Consol. Gas guaranty_
79,609
Div.on pref.stock_
399,122
306,467
300,000
Div.on corn.stock(7%) 2,729,967
2.729,967
2,721,198

$2,900,095
$3,630,810
79,760
300.000
2,558.408

'31:, 83
161 912
3 5

Total
Surplus for year

$3,129,089 13,036,434 $3,100,807 $2,928,168
$387,559
$381,708 $1,430,060
$692,442
OFFICERS, &c.
-J. H. Reed, Pres.; James D. Gallery, Gen. Mgr,,
C.J.Braun Jr., Treas.; W.B.Carson,Sec.; C.S. Mitchell, Comp
Office:
435 Sixth Ave., Pittsburgh, Pa.
-V.92, p. 282, 596, 726, 957, 1307, 1319,
.
1701; V. 93, p. 230, 1260; V. 94, p. 417. 488, 560, 699, 1250, 1880, 1696,
V.95, p. 298,619,891, 1473; V.96.p. 361, 791, 1485, 1702; V. 97.p. 444,
596, 616, 1116, 1357; V. 98, p. 237, 305, 1072, 1461, 1602, 1612, 1768;
V. 99, p. 344, 408
STREET RAILWAYS.
•
(1) Pittsburgh Railways Co.
-A trolley road. (See Map on page 101.)
This was formerly the Southern Traction Co., but In accordance with the
This table does not cover such properties as are separately reported authority vested In it by the terms of its charter, the directors of the South•
ern Traction Co. on Dec. 30 1901 voted to change the name of the company
further on.
-Stock authorized was Increased in February 1899 from $7,500,000 to the Pittsburgh Railways Co. The Philadelphia Company had previously
Stock.
5% non-cumulative preferred. acquired all the stock, common and pref.. of the Southern
to $21,000,000, of which $6,000,000 was of the Allegheny
Traction. In
stock
Co. Light Co. accordance with terms In V. 73, p. 1112.
The increase was made to acquire the
(acquired by Duquesne Lt. Co.), Chartiers Val. Gas Co.and the corn, stock
The Southern Traction Co. was chartered In 1900 to take over, extend
Consolidated Gas Co.; also by exchange the United Trac. stock. On and operate the West End Traction lines. which were purchased in Aug. 1900
of the
Dec.4 1901 stockholders auth. an increase to $36.000.000 through the issue for $4.500,000.
Leases the Pittsburgh & Castle Shannon RR. for 99 years, rental being
of $15,000,000 additional corn. stock. The increase was mainly for the purpose of acquiring the shares of the Consolidated Trac. Co.and the Southern $15,000 per annum. See V. 81, p. 778.
Traction Co. V. 73, p. 1112. In Aug 1906 authorized common stock
The following securities (being in each case the entire Issue) are owned:
was further Increased to $36,000.000. mainly to provide for the purchase of
50,000 shares common stock of the West End Traction Co.
the Beaver Valley Traction Co. and Washington & Canonsburg Ry. V. 82, 50,000 " preferred stock of the West End Traction Co.
offered the right
p. 1323. Stockholders in Sept. 1906 were 492. In Deo. to take $3,240,- 340,000 " capital stock of United Traction Co. of Pittsburgh.
1909 stockholders
stock at par. See V. 83, p.
400 common
5,000 "
Allegheny Bellevue & Perrysville By. Co.
and holders of cony. debs. of 1909 were offered the right to take the re300 "
"
"
Alienport & Roscoe Electric St. By,Co.
6.
•6
mainder ($2,760.000) of the increase in corn, stock authorized In Aug. 1906
120 "
Ambridge Dixmont & Emsworth St.Ry.Co.
1545; V. 90. p. 303.
66
Of
at par. V. 89. p.
2,000 "
Ben Avon & Emsworth St. By, Co.
Shareholders voted July 22 1909 authorizing $5,000,000 additional com.•
••
80 "
Cedar Avenue St. By. Co.
.6
mon stock to provide for the convertible feature of convertible debentures
600 "
Clairton Street By. Co.
but any shares not so used to be available for
authorized at the same time,
"
"
East McKeesport Street By. Co.
5,000 "
..
GB
the general purposes of the company. V. 88, p. 1314; V.89, p. 225.
Mt. Washington Street By. Co.
30,000 "
66
it
On Apr. 29 1912 shareholders voted to authorize 325.000,000 ($50) 6%
1,590 "
Pittsburgh Canonsburg & Wash. By. Co.
a•
46
own. pref. stock and $10,000,000 cony. debentures. Of the new stock,
50,000 "
Pittsburgh & Charleroi St. By. Co.
46
$6,000,000 was for exchange of existing preferred stock (upon basis of
6.
Rosslyn Street By. Co.
200 "
66
4.
share for share and a cash payment to the company of $2 50 per snare).
Superior Ave. & Shady Ave. St. By. Co.
80 "
4.
10
and $10,000,000 for conversion of convertible debentures. The remaining
Tustin Street By. Co.
24 "
$9.000,000 is reserved for future requirements. See financial plan in
66
44
Washington & Canonsburg By. Co.
20,000 "
..
V. 94, p. 417, 488. also V. 94.D. 560. $8,000,000 has been listed on the
Washington & Claysville Street By. Co.
480 "
44
06
N. Y. Stock Exchange. On Feb. 1 1913 began delivering new 6% etwo.
West Shore Electric Street B.Co.
500 "
in exchange for old 5% non-cum. pref. upon payment of $2 50
.4
6.
pref. stock
120 "
Virginia Avenue Street By. Co.
per share. V.96.p.381; and for cony.debs. lip to Aug.31 1914$4,171,04
4.
400 "
McKees Rocks & Ingram St. By. Co.
600 new stock had been issued in exchange for $3,966,600 old stock and
300 "
"
McKees Rocks & Neville Isl. St. By. Co.
debs., leaving $2,033,400 old pref. stock and $9
000
$200,000 cony.
120 "
"
"
Crafton & Chartiers Valley Traction Co.
the
' 5%
cony. debs outstanding as of that date. The time for exchanging 795,
400 "
"
"
Pitts. Banksville & Mt. Lebanon S. R. Co.
pref. stock for the new 6% cum. pref. expired Mar. 31 1914.
60
66
100 "
Carnegie Bridge Co.
Jan.1908 offered to guarantee 4% per an. from Aug. 1
The Phila.Co.in
4$
06
120 "
West Liberty & Suburban St. By. Co.
1907 on the $2.000.000 pref. stook of Consol. Gas Co.(entitled to 6% cum.),
.6
40
160 "
McKees Rocks & Allegheny Street By.
additional earnings be divided equally between the two classes of
provided
61
66
174 "
Bon-Air Street By.
stock, but pret. not to receive more than 6% In any event. Holders of 75%
46
46
1,400 "
Pittsburgh Express Co.
of the $2,000,000 pref. stock having agreed to the proposition.the plan was
.4
46
120 "
Clairton & Blair Street By. Co.
adopted. V. 86, p. 54. 605
04
66
.4
Pine River Street By. Co.
Bonds.
-Of the $6,500,000 bonds of 1899 (mortgage trustee. Maryland
By the terms of an operating contract, effective Jan. 1 1902, the PittsTrust Co.), $4.000,000 was issued at once In part payment for the stock of
the Allegheny Co. Lt. (acquired by Duquesne Lt.) and Chartiers Val. Gas burgh Railways Co. assumed control of all the properties of the ConsoliCo.. and $1,000,000 were originally reserved to retire the $1,000,000 bonds dated Traction Co., the United Traction Co. of Pittsbure and their underof Allegheny Co. Lt. (since retired) and East End Elec. bonds; $23,000 East lying companies.
Plan for Consolidation.
-See V. 94, p. 417, and 488, under Phila. Co., for
End bonds have been exchanged. The balance, $1,500,000, was expended
for impts. and add'ns. The bonds were in Oct. 1899 listed on the Phila. proposed plans for consolidating and re-financing all lines owned in PittsStock Exchange, and are also listed on the Pittsburgh Stock Exchange. burgh by the Phila. Co.
listed on the
The Philadelphia Company stock has been listed on the New York Stock
5-Cent Pare Ordinance.
-On June 17 1910 Mayor Magee signed an ordiPhila. Exchange. nance providing universal
Exchange since October 1886, and is also in V.
transfers within the city limits thereby making
See application to the N. Y. Stock Exchange stock70. p. 1198, and also in the fare over all lines of the system 5 cents. See V. 90. p. 1677. In
was listed on
Moll. 1911
f Feb 22 1902 In ;22,000,000 bonds or 1901, the Paris July 1911, however, the Superior Court at Phila. affirmed the decision ot
$6,500,000 fudge Frazier in Oct. 1910 (V. 91, p. 1328)
Of the
Bourse. V. 92, . 726
holding that city cannot en000 wArs force the foregoing
• .
are reserved to t e up the $6, 0 ,
ordinance. V. 93, p. 164.
to acquire the pref. stock of the Consolldated Traction do. and $2,500,000
Over-crowding Ordinance.
-On Feb. 7 1911 Common Pleas Court No. 1
betterments, extensions, &c., which has been
were for improvements,
handed down a decision restraining city from entering or prosecuting any
Issued as follows: for betterments to property of this company $1,625,000; suit upon so-called over-crowding ordinance, enacted July 30 1910. V. 92
Un. Trac. Co. of Pitts., $150,000; Cons. Trao. Co., $650,000; Pittsburgh p. 463.
Railways Co.. $875,000, and Allegheny County Light Co., $200.000.
Decision.
-As to decision by Penn. Supreme Court, holding that the city
-Stockholders onJuly 22 1909, confirmed the proConvertible Debentures.
-year 5% deben- cannot collect tolls for use of Point and Smithfield St. bridges.
-See V. 96.
posal of directors to issue $5,000,000 42,500,000 out) 10
tures, convertible, $ for $, Into corn, stook at any time. Subject to mill at p. 1090.
102 54 and Int. on any hit, date on 60 days' notille. but If called, owner has
-The Pittsburgh Railways Co. operates 603.73 miles of track in
ROAD.
option of accepting cash or converting into corn. stook. V. 88, p. 1314; Pittsburgh and outlying boroughs. Equipment consists of 1.298 closed
V. 89, p. 225, 1545. $543,000 have been converted. Debentures are cars, 590 open cars and 228 miscellaneous cars. Has long-time contract
Stook Exchange. V. 90. p. 303. In June 1910 It was with Duquesne Light Co. for supply of light and power.
listed on N. Y.
voted to issue, in lieu of remaining $2,500,000 deb.. £500,000 cony. 5%
Date.
Interest. Outstanding, Maturity.
STOCK AND BONDSsterling deb., cony, at any time into cam. stock. All these deb, were con- Common stock, $2,500,000.._.
$2,500,000
verted into $2,500,000 stock on Feb. 1 1911. V. 92. p. 262.
2.500,000
Preferred %.cum.$2.500,000 __
Shareholders voted April 4 1911 authorizing $1,400,000 5% 2-yr. notes.
5A-0
1913
1,605.000
cony., $ for;, at option of holder, into corn. stook, and to increase auth. Gen mtge. $20.000,000. rel Guaranty Trust Co.. N.
at 105 & int aft Apr 1918_tf
Y..Trustee.
corn, stook from $41.000,000 to $42.400,000, such increase to provide for
$10,000,000_ t 1913
10,000,000
exchange of cony. notes. V. 92. p. 262. 957. Notes fell due May 1 1913, Income bonds,
5 g J-D
1905
80.000
See text
extended for one year to May 1 1914 and were again extended,
but were
t o i:it to s o ce
)
Car trusts, $400 000 ($1,000f Irg ac r,i ror Hr
one-half to Jan. 1 1915 and one-half to April 30 1915 at same rate of hit.
&Al ? +r
l
a . N :aNt
.
. Pitt,, Pr.
i
The convertible debs. of 1912 are convertible into pref. stock at any time
1911
5 M-S
216,000 See text.
after Jan. 31 1913 at par. Up to Aug. 31 1914 $205,000 had been converted.
($1.000). Int. at co.'s office. Fidelity Title & Trust
Red. at 102)4 and int. on any int, day on 45 days' notice. Int. payable in Car trusts $270,000
if, Co., Pittsburgh, Trustee.
Y. and London. Debs, are listed on N. Y.and Phila. stock exchanges.
N.
1913
6 M-S
407,000
See text
V. 95. p. 891, 1473.
Car trusts $450,000 ($1.000)_ Int. at co's office. Fidelity Title & Trust Co.,
Coll. Trust Gold Notes.-Princlpal Is payable $250,000 each Feb. 1 and
Pittsburgh, Trustee
tf
Aug. 1 from Feb. 1 1914 to Aug. 1 1918 incl., $500,000 retired.
Bonds.
-Of the gen. mtge. bonds, $4,000,000 are to retire Southern
The Pittsburgh & W. Va. coll. trust (Is mature *150,000 each Oct. 1 bonds. $4,550,000 for betterments & impts., $1,450,000 to go to the Trac.
Phila.
from Oct. 1 1914 to Oct. 1 1923 incl. No s. fd., but subj. to call,any part Co. and $10,000,000 to be issued in the future for extens. & 'mots. V. 97,
or all, on any int, date at par and int. on 30 days' notice. Guar. P.& I. by p.444,666. Car trusts of 1905 mature $40,000 annually from 1910 to 1915,
Company.
Philadelphia
Inclusive; $320,000 have been retired. Car trusts of 1911 mature $27,000
Divid'nds-1'95.'96.'97.'98. '99.'00. '01. '02 to '09. Inol.'10.'11. '12'13 annually Mar. 1 1913 to 1922. $54,000 have been retired. Car trusts
7 7 654 7 of 1913 mature March 1 1914 to Sept. 1 1925 incl.
None 4 4% 5 5% 6% per ann.
5
Per cent
$43,000 have been
are for the corn. stock. The old 5% non-cum. pref. retired.
The foregoing diva,
was created in 1899,and first semi-ann. paym't of 2)4% was made in Sept.
Interest. Outstanding
STOCK AND BONDS- Date.
Maturity.
have been regularly continued since then. 1st div. on new 6%
1899 and
Guaranteed Bonds
cum. pref.-3%-Paid May 1 1913; Nov., 3%. In 1914, May,3%; Nov., West Liberty & Sub. St. 1st 1 1908 5 g J-J
$250.000 Jan 1 1938
3%.
Di $250.000 ($1,000) g Mint. at Colonial Tr. Co.. Plttab.. trustee.
In 1914, Feb., 1%%;May, 1 %%;Aug., 1 %%. The Nov. div., however,
Interest. Outstanding. Maturity.
Debt of old Southern Trac.Co. Date.
was paid in scrip, the scrip being red. at co's option on or before May 1 1918
5 g A-0
So Trac 1st M,coil tr, g, $4,- 1900
$4,000,000 Oct 1 1950
7%, payable semi-ruin.
bearing int. at
c* _tf Int. at Union Tr. Co., Pittsburgh, Trustee,
000.000 ($1,000)
-For decision of Supreme Court of Pennsylvania,
Linear Tog Decision.
5 J-J
West End Traction gen M. 1898
981,000 Jan 1 1938
declaring the linear tax ordinance invalid, see V. 80, p. 1729.
$1,500.000
tf Int. at Union Tr. Co.. Pittsburgh. Trustee.
Application Denied.-Attomey-General Todd of Pennsylvania on Ow.
for permisUnderlying loans of west End Traction
24 1907 denied the application of city authorities of Pittsburgh
company's charter. Pittsburgh Crafton & Mans- 1894
5 J-J
176,000 July 1 1924
sim to bring quo warranto proceedings to forfeit the
field 1st M
tflInt. at Pittsburgh Trust Co., Pittsburgh.
sea V. 85, D. 1083.
5 J-J
$43,000 July 1 1922
Mar. 31 1914 in V.98, p. 1602. 1612. Pitts & West End 1st M__-- tf 1892
-Report for year ending
REPORT.
1910-11.
1911-12.
1912-13.
Bonds.
-The Southern Traction mtge, cannot be called before maturity.
1913-14.
Receipts$7,224,637 $6,769,313 $6,483,323 $6,215,421 The Farmers' Deposit National Bank of Pittsburgh offered the bonds for
From gas
281,081 sale in Oct. 1900. See V. 71, D. 864
93,340
246,655
Of the Portion of the 55 of 1898 of
394,107
From oil
42,338 the West End Traction still unissued, $519,000 are reserved
41,861
36,309
38,900
Miscellaneous..
to retire underlug bonds. Bonds of the West L berty & Sub. St. are guaranteed
b
$7 657,844 *7.052,277 $6,618,524 $6,538,840 Vitts. Rys. Co.. they are not subject to call, and have no sinking fund. Y
Gross earnings
910
2.650.649
2, .
3,151,200
3,424,886
Operations, taxes, &c__
ANNUAL REPORT.
-All compan es owned,controlled and operated by
$4.232,958 $3,901,077 $3,967,875 $4,024,930 Pittsburgh Railways Co.for year ending March 31 1914:
Net earnings
1914.
1914.
Diva. and int. received.. $1,690,086 $1,161,334 $1,777,475 *1,677,082 Gross earnings..
137,767
$11,918,749 Interest.
146,817
113,244
626
$341,490
Rents
690,926 Net (after taxes).
3,484,676 Rent, leased lines
844,519
1,080.073
463.819
2,838,531
Interest and discount
Other income
187,067 Misc. interest, &c
152,448
3,671,743 Balance, surplus.
339,273
$6 387,489 $6,255,728 $6,736,706 $6,530,705 Total Income

I




4

SEPT., 1914.1

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EAST BROWNSVILLE
BROWNSVILLE

102

ELECTRIC RAILWAYS

-P., J. IT. Reed; Sec.. W. B.
OFFICERS.-Pres., J. D. Callery; 1st V.
-V.73, p.554;
Carson; Treas., C.J. Braun Jr.;.Controller, C. S. Mitchell.
V. 80. p. 1861; V. 87, p. 1238; V. 89. p. 42; V. 90, p. 1677; V. 91, p. 589;
463; V. 93, p. 164; V. 94, p. 209; V.96, p. 1090; V. 97.
1328; V. 92, p. 396,
p. 444. 666.
(a) Mount Washington Street Ry.-A trolley road.
-Incorporated in Pennsylvania on Oct. 8 1901 and
ORGANIZATION.
later absorbed the Sycamore Street Ry. Also owns the entire (1500.000)
capital stock of the Mount Washington Tunnel Co. Stock of the Mount
Washington Street Ry. is owned by the Pittsburgh Rys. The road is
leased to the Pittsburgh Railways Co. for 995 years from April 1 1903 for
all charge, Including bond interest.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS--$1.500,000
Stock, 81.500.000 (150)_1,500,000 April 1 1933
5 g A-0
col tr.1 1903
1st mortgage and
$1,500,000. gold ($1,000)."Penn. Co. for Insurances on Lives & Grantguar. prin and int.__ c*_tfi log Annuities. Philadelphia, Trustee.
Bonds are guaranteed, principal and interest, by endorsement,by the
Philadelphia Co. Interest payable in New York, Pittsburgh and Philadelphia. No sinking fund and bonds cannot be called. The stock of the
Tunnel Co. has been pledged as collateral under this mortgage. See
V. 76, p. 1143.
-Operates 12.43 miles of track from Pittsburgh to Mount
ROAD.
-V.80. p. 222.
Lebanon. Gauge, 5 ft. 214 In.
-A trolley road.
(b) Washington & Canonsburg y.
Stock all owned by Pittsburgh Rys.
-Incorporated in Pennsylvania on June 2 1902.
ORGANIZATION.
Successor on June 2 1902 to the Washington Electric Street Ry. In Jan.
1909 Pitts. Rye, began operating the 'property. Franchises perpetual.
Leased in 1907 the Pitts. Canonsburg is Wash. St. Ry.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date.
Stock $1,000,000 (150)-----------11.000.000
125,000 Feb 1 1927
5g
1897
Wash Elec St Ry 1st M
491,000 July 1 1932
5 g 3-J
1650,0001 1902
mortgage
First
c&r tf lint. at Colonial Tr. Co., Pittsburgh, Trustee
gold
185,000 Dec. 1 1943
5 J-D
Second mortgage 5500,0001 1913
($1,000); red at 102 & int Int. at office of co. or Colonial Trust Co..
Pittsburgh. Trustee.
tf
on 10 weeks notice
-On 1st mtge. bds. a sinking fund of $5,000 per annum becomes
Bonds.
operative after 5 years; 134,000 have been canceled. $125,000 of the new
bonds are reserved to retire the bonds of the Washington Electric Street Ry.
The 2d mtge. bonds outstanding are owned by Pittsburgh Rys. Co.
ROAD.-Operates 16.57 miles in and between Washington,Tylerdale and
-V.85. v. 532: V. 87. D. 348: V. 88. D. 626.
Canonsburg.
(c) Pittsburgh Canonsburg & Washington Ry.
-In 1907 was leased to the Washington & CanonsORGANIZATION.
burg Ry., which guarantees bonds, principal and Interest.
Interest. Outstanding. Maturity.
Date
STOCK AND BONDSStock (1,590 shares, all owned by Pittsburgh Rys.).
1750,000 July 1 1937
5 J-J
1907
let M. 1750,000 (11.000) gold; Safe Deposit Trust Co.. Pitts.. trustee. Tot.
01 at company's office, Pittsburgh.
89.000 Dec. 1 1943
5 J-E1
Second mtge $500,000 (SI 1913
000); red at 102 & int on Int, at office of co.. Pittsb., or Safe Deposit
& Trust Co., Pittsb. Trustee.
tf
10 weeks' notice
Bonds.-lst mtge. bds. are redeemable at 105 and int. on any int. date.
2d mtge. bds. outstanding are owned by Pittsburgh Rys. Co.
-Operates 12.08 miles of track between Canonsburg and
ROAD.
-V. 88. p. 625.
80-lb. rails.
Castle Shannon
-Bonded debt.
(d) Other Controlled Properties.
Under date Dec. 1 1913 the following named companies controlled by the
Pittsburgh fly. Co., as shown above filed mortgages to secure issues of
1st M. 5% gold bonds(Int. J.& D.c* tf) due Dec. 1 1943 (par 81.000) but
callable, all or part, at 102 and int. on 10 weeks' notice. The outstanding
amounts in each case is owned by the Pittsburgh Rys. Co.
Trustee.
Total Auth. Total Issued
Name of Company140,000 139,000 Col. Tr. Co., Pittsb.
Cedar Avenue St. Ry. Co
45,000 Col. Tr. Co., Pittsb.
100,000
Bon Air Street Ry. Co
85,000 Col. Tr. Co., Pittsb.
100.000
West Shore Elec. St. Ry. Co
65,000 Col. Tr. Co., Pittsb.
Superior Ave.& Shady Ave.St. Ry 65.000
Allenport & Roscoe Elec. St. Ry_ _500,000 127,000 Union Tr. Co..Pitts.

[VOL. xenc.

Dale. Interest.
STOOK AND BONDSOutstanding. Maturity.
Underlying mortgages
5 J-J
Fed St & PI Val mtge
892.000 July 1 1919
tf 1889
5 J-J
Allegheny is Bell 1st mtge tf 1890
18,000 Nov 1 1920
5
Allegheny St 1st mort
27,000
tf 1890
1920
5 J-J
3,000 Nov 1 1920
Perry St 1st mortgage
tf 1890
5 J-J
Troy Hill 1st mortgage
37,000 Nov 1 1920
tf 1890
mortgage of 1942 is for $1,250,000, of which
-The consolidated
Bonds.
the balance unissued Is in the hands of trustee to retire all the other issues;
mortgage trustee is the Fidelity Title is Trust Co.. Pittsburgh.
ROAD.
-Embraces 34.3 miles of track (including sidings) on about 17
miles of street; rails mostly 90-1b. Orden-V. 63, p. 189.
-A trolley road.
(b) Pittsburgh & Birmingham Traction.
On Jan. 1 1902 leased for 999 years to the United Traction Co., which has
&c., and also 1150,000 annually as rental.
agteed to pay all interest, taxes,
Lease is guaranteed by the Philadelphia Co.
-Incorporated Aug. 15 1889; Nov. 19 1889 leased
ORGANIZATION.
P. & B. Passenger By.,including South Side Pass. Ry. Co. Has also leased
and operated since Dec. 1891 Pittsburgh Incline Plane Co.and Mt.Oliver,
Incline Plane Co.: operates also Birm. Knoxville & Allentown Traction Co.
In Aug. 1900 purchased the 1400.000 capital stock of the West Liberty
Street fly, and constructed a line to Mt. Lebanon. V. 71, p. 343.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSText
83,000,000
See text
Stock ($50)
1.500.000 Nov 1 1929
5 g M-N
1st mortgage, gold, 5s I 1889
c*tfjFidelity Trust Co. of Philadelphia. Trustee.
($1.000)
5 A-0
10.000 Oct. 1 1953
The So Side Pass Ry 1st Mt 1913
(11,000) not sub to call_tflInt at Colonial Trust Co., Pitts., Trustee.
Guaranteed Bonds6 g M-S
500.000 Sept 1 1931
Birm Knox & A let mtgea 1891
gold, interest guaranteed 4Fidelity Trust Co.. Philadelphia, Trustee.
5 F-A
300,000 Aug 1 1926
Brownsville Ave St Ry 1st M__ 1898
5 g J-J
400,000 July 1 1930
West Liberty St By 1st mtgef 1900
tPittsburgh Trust Co., Trustee.
ROAD.
-Operates 30.5 miles of track, laid with 90-1b. rails.
-V. 69. p. 322.
-Not now an operating company.
ANNUAL REPORT.
334; V. 71, p. 343; V. 72, p. 776.
Lines Leased to Pittsburgh & Birmingham Traction Co.
Mt. Oliver Incline Ry -Owned, leased and operated by Pittsburgh is
Birmingham Traction Co. Stock. $100,000. Bonds, let M. 8s, cpt M. is
N..due Nov.1 1901.141.500. Up to Sept. 1 1914 these bonds not taken up.
-Leased for 999 years to Pittsburgh is BirmingPittsburgh Incline Plane.
ham Traction Co., at rental equal to interest on bonds and 10% on 1150.000
free of tax; dividends were 9% yearly for some time, balance being
stock,
carried to surplus; but latterly Increased to 10 %.
Date
Interest. Outstanding. Maturity.
STOCK AND BONDSSee text
Q-F
3150.000
Stock (par $100). full paid__
63-3
150.000 July 1 1919
let mtge (11.000 each) -e*tf 1889
-Road extends from Forty Hill, Pittsburgh, on Bradford Street
ROAD.
-V.71, p. 343.
to Washington Avenue, on top of h111.
Pittsburgh is Charleroi Street Ry.-A trolley road.
Stock owned by Pittsburgh Rys.
-Incorporated April 19 1902 and took over the CharORGANIZATION.
leroi is West Side By.; is leased to the United Traction Co. for 900 years
from May 15 1902. Rental is $1,000 per year. Bonds are guaranteed,
principal and Interest, by the United Traction Co. and the Philadelphia Co.
The entire issue of bonds was offered by T. Mellon is Sons and the Union
Trust Co. of Pittsburgh in May 1902.
Interest. Outstanding, Maturity.
Date.
STOCK AND BONDS$2,500,000
Stock, $2,500,000 (850)55,000 Sept 1 1929
5%
Charleroi is West Side 1st M.. tf_ _ _ _
5 g M-N
2,445,000 May 1 1932
1
Pitts is Charleroi let M. $2,-. 1902
500.000.gold($1.000) _ c* tff Int. at Union Tr. Co., Pittsburgh, Trustee.
5 J-D
522,000 Dec. 1 1943
Pitts & Charleroi 2d M (11,-f 1913
000,000 ($1,000) red at 1021 Int. at co's office or Union Trust Co..
& int on 10 week's notice if i Pittsburgh, Trustee.
-Of the Pittsb. & Charleroi 1st M. bonds, 155,000 is reserved to
Bonds.
retire a like amount of Charleroi & West Side bonds. See V. 74, p. 1039.
2d M. bonds outstanding are owned by Pittsb. Rys. Co.
-Operates a road between Pittsburgh and Allenport, by way of
ROAD.
Castle Shannon, Finicyville, Monongahela City and Charleroi, a distance of
43.4 miles. Completed in Sept. 1903.
OFFICERS -Pres.. J. D. Callery; Sec., W. B. Carson; Treas., C. J.
-V.74, p. 1039, 1090; V. 76. p. 752
Braun Jr.

(0

(2) United Traction Co. of Pittsburgh.
-Incorporated on July 27 1896, and in June 1897
ORGANIZATION.
purchased all the property and franchises of the Second Ave. and North
Side traction companies, and secured control of the Pittsburgh Allegheny &
(d) Allegheny Bellevue is Perrysville RY,
Manchester through a lease for 950 years and the purchase of its stock.
--Incorporated In Pennsylvania on Feb. 81905. EnORGANIZATION.
V. 55, p. 27. The Federal St. & Pleasant Valley Passenger Ry.Is controlled tire stock is owned by the Pittsburgh Rys. Is leased to the United Traction
through Its lease for 950 years to the North Side Traction. In 1902 leased Co. for 995 years from March 11005 at a rental of 10% on the stock.
the Pittsburgh & Birmingham Traction Co. and the Pittsburgh & Charleroi
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSSt. RS%
Sec text.
$250.000
10
,
In March 1899 the Philadelphia Co. offered to give 16.3 5,000 of Its com- Stock $250,000 (150)
500,000 April 1 1935
5 g A-0
1905
exchange for the 117,000.000 common stock of the United 1st mtge $500,000 gold guarl
mon stock in
c tfjPenn. Co. for Ins. on L.&G.A., Phila.. True.
($1,000)
under this
Traction. See V. 68, p. 479. In Oct. 1899 exchange of stock
-Are guaranteed. prin. is int., by Phila. Co. Interest Is payable
Bonds.
plan was begun and 340,000 shares have been acquired. all of which are
at company's office or by Brown Bros. is Co., N. Y. and Phila. No sinknow owned by Pittsburgh Rys.
this property ing fund and bonds are not subject to call.
On Jan. 1 1902 the Pittsburgh Railways Co. took over
-Operates 16.36 miles of track from Allegheny,viaWestview.to
ROAD.
and, under the terms of the operating contract, agrees to pay current divl ;
dends of 5% on the pref. stock. The agreement was until Jan. 1 1907 and Bellevue. Gauge. Sit. 254 in.
thereafter until terminated by three months' notice from either party.
(e) Ben Avon is Emsworth Street Ry.
I
Outstanding, DicorMat.
Interest
Date
STOCK AND BONDS.-Incorporated in Pennsylvania on June 17 1903.
ORGANIZATION.
$17,000.000 July12, % .
J-J
Corn stock, 117,000,000 (850)Entire stock is owned by the Pittsburgh Rye. Is leased to the United Treeo
Y .
.
_
Pref. cunt, 13,000,000 (150)__
4,804.000 July 1 1997 (Ion Co. of Pittsburgh for 995 years from April 1 1906 at 5% on stock.
5 g J-J
United Trao gen so, gold,) 1897
Date,
Interest. Outstanding. Maturity.
STOCK AND BONDS$10,000.000 ($1,000)__cstflMaryland Trust Co.. Baltimore, Trustee
A-0
Stock, $100,000 ($50)_______ _ _ _ _
$100,000 See text.
Interest is payable In New York City.
1,500,000 Oct 1 1930 1st mortgage, 1300,000, gold.f 1906
5g
5
300,000 April 1 1936
tf
Manch
Pitts Alleg &
2,026,000 Dec 1 1934
tf Fidelity Title is Trust Co., Pittsb., Trustee.
guar
5 g J-D
Second Ave Trite mtge. gold 1894
llnterest at company'soffice,
c*_tfl Maryland Trust Co., Balto., Md., Trustee.
($1,000)
5 J-D
2c11M.$100,000 ($1,000) sub. 1913
79 000 Dec. 1 1943
Interest at Brown Bros. & Co., N. Y.. or A. Brown & Sons, Baltimore.
419,000 July 1 1933
tf
, '
t. c o s ourgh o .. Trust e.
to call at 102 and int on Incoatpi8tsb ffice,iraFid elityeTitle is Trust
5 J-J
2d Ave Traction Co mtge __tf 1893
2,035,808
10 weeks' notice
payable June 30 1914_
Loans
Side,
Bonds.-lst M. bds. are guaranteed, prin. and int., by the Philadelphia
The United Traction receives the entire earnings of the North
Pitts. A. & M. and Second Ave. traction companies, subject only to annual Co. 2d M. bonds outstanding are owned by Pittsburgh Rys.
charges of 1259.800.
ROAD.
-Operates 5.71 miles of track from Avalon to Dixmont. Gauge.
% paid July 2 1903 5 ft. 2(4 in.
-On preferred are 5%. On common,
Dividends.
and )i% each six months since then, to and including Jan. 1912. In July
OFFICE RS.-Pres.. Jas. D. Callery; V.
-P., J. H. Reed; Sec.. W • B•
1912, )1%. None since.
Carson; Treas., C. J. Braun Jr.
-The new United Traction mortgage is limited to 110,000,000;
Bonds.
(f) East McKeesport Street Railway.
redeemed before maturity; Maryland Trust Co. of Baltibonds cannot be
Entire stock is owned by Pittsburgh Railways.
the divimore is trustee. Of these bonds. $5,196.000 are reserved to retire
and
ORGANIZATION.-Incorp. in Penna. on June 26 1899. Is leased to
sional bonds above mentioned. Bonds are listed on the Philadelphia
United Trac. Co. of Pittsb. for 900 years from Jan. 1 1902.
Baltimore Stock Exchanges
Stock, $250,000 ($50); 1st M. 5% gold bonds, 8250.000 (tf) ($1,000)
Miles.
owned and consolidated are:
-The miles of track
ROAD.
67.8036 Dated Dec. 1 1899. Due Dec. 1 1929. Int. J. is D. at Fidelity Title is
Second Avenue Traction
39.9838 Trust Co., Pittsburgh, trustee.
North Side Traction
18.55
Pittsburgh Allegheny &Manchester Traction
(3) Consolidated Traction.
-Trolley road.
126.3374
ORGANIZATION.
Total
-Chartered July 15 1895. The company absorb()
company.
the Fort Pitt Traction Co. (a consolidation of Fort Pitt Pass. By., Oro
-Not now an operating
REPORT.
,
-P., J. H. Reed; See., W. B
Street Ry., Highland Park Street By. and Negley Street Ry.), and assume
OFFICERS.-Pres., James D. Callery; V.
Mitchell. Office, PittsCarson; Treas., C. J. Braun Jr.; Controller.. C. S. Sons, Baltimore, Md.- Its leases of the Citizens' and the Allegheny Traction companies, and hal
Brown &
acquired the control of the Pittsburgh. the Duqusene and the Central Tracburgh. Pa. Financial agents, Alexander
tion compantea. In 1902 leased the Monongahela St. Ry, and the SuburV. 70, p. 329; V. 71, p. 180. 1271; V. 73, p. 390.
ban Rap. Tran. Street Ry. Owns all stock of the Ardmore Street Hy..
UNITED TRACTION CO. OF PITTS.
and guarantees its bonds, principal and interest. V. 88, P. 882.
LINES CONTROLLED BY
RY.-Trolley.
On Dec. 4 1901 the stockholders of Philadelphia Company approved
(a) Federal Street & Pleasant Valley
plan
-Incorporated Feb. 20 1868, and has since consoli- In V.for absorbing the shares of the Consolidated Traction. See terms
ORGANIZATION.
73. p. 1112. 286,824 shares common and 233.117 shares preferred
The franchise Is perpetual.
dated its various subsidiary companies. 1896 leased the Federal Street & have been so exchanged.
The North Side Traction Co. on July 20
STOCK
assuming its debt, and agreeing to pay at
Interest. Outstanding. Dividend.
Par.
Pleasant Valley for 960 years,
in cash, payable Jan.15
$15,000,000 July'12. 1 %
J-J
$50
rental all taxes, rentals. &c., and also $70,000 yearly of which it owns $750. Common stock
- Preferred stock,8% cum
50
12.000.000 N ov'13.3%
8 F- N
6 M-A
the $1,400.C90 stock,
and July 15, equal to 5% on
See text
Equipment 'I rust certificates' 1908
112,000
'COO. V. 63. p. 31, 76, 189.
1280,000
tf(Colonial Trust Co., Pittsburgh, Tiustee.
Outstanding. Maturiltt.
Interest.
Dale.
STOCK AND BONDS11,000,000 Deo 2 1935
text Fort Pitt Tract mtge 31,000.-1 1895
J-D
5g
See
$1,400,000
Stock (par $25),full paid--------5 J-.1
000($1,000) g not red c• - tf lint. at Pitts. Trust Co., Pitts., Trustee.
1.073,000 May 1 1942
5 g J-J
Consol mtge. $1,250,000. g..1 1892
1,254,445
Pittsburgh. Notes payable June 30 1914_
($1,000), on 28 miles _c*tfl Int. at Fidelity Title & Tr. Co.,




SEPT., 1914.1

ELECTRIC RAILWAYS

Stork.
-The pref. stock carries corn, dividends of 6% per annum,
and has the right to participate equally with the common stock when
that has received 6%, All arrears of dividends were paid up in Jan. 1903.
V. 76, p. 48. First dividend of 1 % on common paid Jan. 2 1903; then
1%July 1903; 1904 to 1911,incl., 2% per ann. In 1912.Jan., 1%;.Tuly,1%.
Bonds.
-The equipment trust certificates mature in 10 annual instair
ments of 328,000 each from Feb. 1 1909 to Feb.1 1918 Inclusive; ;188,000
have been retired: they are secured by 50 cars costing 3350.000.
The Fort Pitt Tract, bonds are secured by the deposit of the shares of the
oonstituent companies out of which the Fort Pitt Co. was formed, namely.
3300,000 Fort Pitt Pass. By. stock. $100,000 Gross St. By. stock. $100,000
Highland Park St. Ry. stock. $100.000 Negley St. By. stock.
ROAD.
-Controls 225.736 miles of track in all.
-P. J. H. Reed; Sec., W. B•
OFFICERS.-Pres.. J. D. Callery; V.
Carson; Treas.,0.J. Braun Jr.; Controller,d.S. Mitchell.
-V.73. p.553.
723; V. 76, p. 48; V. 79, p. 627; V. 86, p. 284; V. 88. p. 882.
(1) Ardmore Street Ry.
-Incorporated in Pennsylvania on Oct. 31 1907'
ORGANIZATION.
Road mostly on private right of way. Franchises in boroughs are perpetual.
Consolidated Traction owns all the stock and guarantees the bonds. Prill•
and int. V. 88. P. 881
.
STOCK AND BONDS.Date. Interest. Outstanding. Maturity'
See text.
Stock $14.000 ($50)
$1,032,000 April 1 1058
1st mort. $1,250,000 goldl 1008
5 g A-0
tr_tffInt. at Colonial Trust Co., Pittsb., trustee.
($1.000)
Bonds.
-Remaining bonds are reserved for extensions and betterments.
No sink, fund, but subject to call at 105 and Interest.
ROAD.
-Operates 8.07 miles of track between WilkInsburg & East Pitts;
burgh.
-V. 88, p. 881.
Lines Controlled by Consolidated Traction Co.
(a) Allegheny Traction,
ORGANIZATION.
-Incorporated July 23 1890. April 1 1896 this
company was leased to the Fort Pitt Traction Company for 950 years at a
rental of $25,000 per annum.
STOCK AND BONDSInterest. Outstanding. Last die,etc.
Date.
Stock.$500,000(par $50)
5%
----5500.000
See text.
Guaranteed BondsMillvale Etna & Sharps-1
1893 5 g M-N
741,000 Nov 1 1923
burg 1st M $750,000 g _ tt Int.at Pittsburgh Tr.Co.. Pittsburgh, Trustee.
Dividends.
-The semi-annual dividend of 254 % due June 1 1901 was
passed, the proceeds being used to pay off the floating debt. In 1902,
414%; 1903 to 1914, incl.. 5% per annum.
ROAD.-lncluding Millvale Etna & Sharpsburg. 22.25 miles of road.
(b) Central Traction.
-Trolley.
EASE.-Incorporated Dec. 21 1818
Leased from April 2 1896 to
as
thk,Consolidated Traction for 950 years at 3% per annum on par value
of 1,500,000 stock (see V. 61, p. 1154); and in May 1896 stockholders
were offered privilege of exchanging their stock for receipts, which were
redeemed at 330 per share on Oct. 1 1896 in Consolidated Traction Co.
preferred stock at par. 29,173 shares of Cent. Trac. stock (out of 30,000)
have been so exchanged. V. 62. p. 1087.
STOCK AND BONDS-Miles.Date. Interest. Outstanding. Maturity.
Stock ($50) see text -----------3%A-031 f 30,000 shs.I
See
130 paid upf
text.
1st M.$375.000 cable,
.
6
1889
$375.000 July 1 1929
5 J-J
line, $500
ntfl Interest at Union Trust Co., Pittsburgh.
Bonds of Central Passenger Ry. controlled
15t M.6260,0001
4
1894
6A-0
125,000 Oct 13924
(31,000)_ ntff Interest at Union Trust Co.. trustee, Pittsburgh.
Dividends.
-Feb. I, 1892, $2 50 In stock; in 1896, Feb., 2% In cashIn 1898, Nov.. 1 )4 % in cash; in 1899 and since
3% per year.
ROAD.
-9.27 miles of road, of which it controlled by ownership of capital stock, Central Passenger Ry., 334 miles.
-V.62 p. 948. 1087.
(c) Citizens' Traction.
-A trolley road.
ORGANIZATION.
-Incorporated July
chased the entire capital stock (3200,000)6 1887. On Sept. 1 1887 purof the Citizens Passenger By'
which it now holds.
LEASE.
-Leased from Nov. 1 1895 to
Oonsol. Traction) for 950 years at 6% per Fort Pitt Traction Co. (now
annum on
stock. In addition the lessee agreed to pay a floating $3,000,000 capital
debt of $175,000
and at maturity mortgage debt. V. 61,9. 661.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity'
Stock ($50) fully paid
$3,000,000f.p. See text
6 1.1-N
Sat mortgage ($1,000) Not 11887
1,250,000 Oct 1 1927
5 A-0
subject to call
tf 1Fici. Title & Tr. Co.. Pittsburgh Trustee
Bonds of lines whose stocks are owned
Penn St. Pass. By,1st H,____ 1892
5 J-D
250,000 June 1 1922
Interest and dividends payable at Union Nat. Bank, Pittsburgh, Pa.
ROAD.
-Owns 29.72 miles of track on 15 miles of street.
-V.
60,p.930.
V. 61, p. 112, 516, 661.
(d) Duquesne Traction.
-A trolley road.
LEASE.
-Incorporated Jan. 25 1890. Leased from April 2 1898 to
the Consolidated Traction for 950 years at 4% on the $3,000,000 stock.
but dividends for a year and a half were withheld for payment
debt of $180.000. In May, 1896 stockholders were allowed toof floating
their stock for receipts, redeemed Oct. 1 1896 at $37 per share inexchange
6%
ferred stock of Consolidated Traction Company at par. 52,635 sharespreout
of 60.000 have been so exchanged. See V. 62, p. 1087.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock (350) fully paid
3.000,000
Text.
See text.
Div. payable at Fidel. Tit. & Tr. Co.. Pitts.
let mortgage
cstf
1890 5 J-J
1.500,000 July 1 1930
Fidelity Title & Trust Co., Pitts., Trustee.
Dividends were 5%, J-J, but in 1893 and 1894 none paid; in 1895, 4%;
In 1896, none: in 1898, 3%; in 1899 and since, 4% yearly.
ROAD.
-At time of lease in 1896 controlled 11 companies, having at
present 36.62 miles of road.
-V. 62. p. 948. 1087.
(e) Fort Pitt /raction.-See "Consol. Traction Co.
(I) Monongahela Street Railway.
ORGANIZATION.
-On May 26 1898, absorbed by consolidation the
Scheniey Park & Highland, Homestead & Highlands, Braddock & Homestead and the Braddock & Duquesne
In Dec. 1901 the Monongahela Street By., the Wilkinsburg & East
Pittsburgh Street By., the Wilkinsburg & Verona Street By. and the
Pitcairn & Wilmerding Street By. (construction of latter two roads completed during year 1903-04), were merged in the Monongahela Street By.
and stock was increased from $1,000,000 to $7,000,000. See V. 73,
p. 1112. On Jan. 1 1902 the Monongahela Street By. was leased for 999
years to the Consolidated Traction Co. for interest, taxes, etc., and an
annual rental beginning with $165,000 the first year and increasing $18,750
each year until $315,000 is reached. Lease is guaranteed by Philadelphia
Co. First dividend under lease (2%) was paid in July. 1904. See V. 79,
p. 289. 10 1905, Jan.. 114%;July. 1 3-5%;in 1906.3.26%:in 1907. 34%;
In 1908, 3.86%; in 1909, 4.12%; In 1910. 4.37%; in 1911, 4% %;in 1912,
1913 and 1914,414%.
STOCK AND BONDS-Afiles. Date. Interest. Outstanding. Maturity.
See text $7,000,000 See text.
Stock, $7.000,000
Mon. St. By. 1st mort..) 17
1,000,000 June 1 1928
1898 5 g J-D
$1,000,000 gold
_ tfI Union Trust Co., Pittsburgh, Trustee.
Wilk. & E. P. XL)
$2,000,000
gold } __
2,000,000 Sept 1 1929
1899 5 g 31-S
($1.000)
c&r_tfi
1901 5 g J-D
Wilk. & Ver. M.. $700.1 __
820,000 June 1 1931
000.g.($1,000) c&r.tf
1901 5 g J-J
__
588.000 July 1 1931
Pt. & WII. M., 3700.0004.($1.000) c &r-tf
-The Union Trust Co. of Pittsburgh is trustee of all mortgages
Bonds.
andlinterest is payable at Mellon National Bank. The Wilke. de Ver. bonds
are guaranteed, prin. & int., by Wilk. & E. Pitts. St. By. Co., Monongahela
St. By. Co., Consol. Traction Co. and Phila. CO. of Pittsburgh.




103

ROAD.
-Owns 70.63 miles of track, Including branches;90-lb. rails.
REPORT.
-Not now an operating company.
OFFICERS.-Pres., W. L. Mellon; V.
-P.. A. W. Mellon; Treas., W. S.
Mitchell.
-V.72,9. 776; V.79, p. 269,627, 735.
(gl Pittsburgh Traction.
-A trolley road.
ORGANIZATION.
-Incorporated April 301887.
LEASE.
-Leased from April 2 1896 to the Consolidated Traction for 950
years at 7% on the $2,500,000 stock (see V. 61, p. 1154) but
134 years'
dividends were used to pay floating debt of $250.000. The full 7% is now
being paid. In May 1896 stockholders were offered receipts for their stock,
which were redeemed at $70 per share on Oct. 1 1896 in preferred stock of
Consol. Traction Co.; 49,500 shares out of 50,000 have been so exchanged.
See V. 62, p. 948. Pittsburgh Traction owns the 3250,000 capital stock
of Bloomfield Street By. and guarantees the bonds.
STOCK AND BONDS.- Date.
Interest, Outstanding. Maturity.
Stock $2,500,000 ($50) ----------7 A-0 31 $38 per sh. pd. In.See text
let mtge 5s
e:l
5 A-0
1750.000 Oct 1 1027
IFidelity Title & Trust Co.. Pitts., Trustee.
Guaranteed Bonds
Bloomfield Street Ry lstl 1893
5 F-A
230.000 Aug 1 1923
cur
cs_tff Interest at Pittsburgh Trust Co., Trustee.
Stock.
-Issued 50.000 shares, on which $38 each has been paid.
DIVIDENDS.
-At company's office, Pittsburgh. Dividends In 1895.
%; in 1896, none
-see above; In 1898,
%;in 1899 and since, 7%.
-Owns 19.18 miles of track.
ROAD.
(h) Suburban Rapid Transit Street By.
ORGANIZATION.
-Was leased on Jan. 1 1902 to Consolidated Traction
Co. for 900 years at an annual rental of $56,000,as well as paying all charges,
Including interest and taxes.
STOCK AND BONDS.- Date.
Interest. Outstanding, Maturity.
Stock
-J-J
$1,400,000 July '14, 2%
First mortgage, $200,000, it 1 13
$1,400,000-9
g M-S
200,000 Sept 1 1953
($1,000)
.c.tf Int. at Farmers' Den Nat Bank. Pittsburgh;
Colonial Trust Co., Pittsburgh, Trustee
Bonds.
-The present mtge. replaces a similar mtg‘. dated 1893 and which
fell due Sept. 1 1913.
-In 1903. 4%; In 1904, Jan., 2%; July, 114%; 1905 to
Dividends.
1914.
inclusive, 4% per annum.
-Operates 11.55 miles of track on 6 miles of street.
ROAD.
(I) Morningside Electric Street By.
ORGANIZATION.
-Incorporated in Pennsylvania on July 14 1904.
Entire stock is owned by Philadelphia Co. Is leased to the Consolidated
Traction Co. for 995 years from Sept. 30 1905 at a rental of 5% on stock.
STOCK AND BONDSDate. Interest. Outstanding
Maturity.
Stock, $24,000 ($50)
5 A-0
$24,000 See text.
let mtge. $200,000, gold} 1905
Sr A-0
200,000 Oct.1 1935
($1,000), guar. prin. and int. at office of Brown Bros. & Co.. Phila.
int. by Phila. Co
c•_tf Penn.Co.for ins.onLives & G.A-Phila,Trust.
ROAD.
-Operates 3.31 miles of track. Gauge 5 ft. 254 in.
OFFICERS.-Pres., Jas. D. Callery; V.
-P., J. H. Reed; See., W. B.
Carson; Treas., C. J. Braun Jr.
(4) Seventeenth Street Incline Plane Co.
ORGANIZATION.
-Is a reorganization on Dec. 28 1904 of the Penn. Incline Plane Co. Entire stock is owned by the Philadelphia Co. Is operated
by the Pittsburgh Rys. Co.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock $250.000 ($50)
$250,000
1st mtge $125,000 ($1,000)1 1905 5 cur M-S
125,000 Mch 1 1935
guar
cs_tf
'Int. at Colonial Tr Co., Pittsburgh, Trustee.
-No sinking fund, and bonds are not subject to call. Are guaranBonds.
teed, prin. & Int., by the Philadelphia Co.
OFFICERS.-Pres., J. D. Callery; V.
-P., J. H. Reed: Sec., W. B. Carson; Treas., C. J. Braun Jr.; Controller, 0. S. Mitchell.
-A trolley road.
(5) Beaver Valley Traction.
in July 1905 entire stock was acquired by the Philadelphia Co. of Pitts
81,9. 506.
burgh. V.
ORGANIZATION.
-Incorporated in Penn. In perpetuity June 29 1891
and owns entire stock of Beaver Valley St. Ry, and of Central Electric St.By.
Co. purchased Aug. 8 1891, operating them as one road under 999-year
lease. Charter and franchise perpetual.
In 1900 stock was increased from $300 000 to $1,000,000 and then purchased the stock and property of the People's Electric Street Sty. of Rochester, the College & Grandview Electric Street By.. the Rochester & Monaca
Electric St. By. and the Beaver dc Vanport Electric St. By.; also owns entire capital stock of Riverview Electric St. By. Co.. tne Freedom & Conway
Electric St Ry. Co. and the Vanport Electric St. By. Co., none of which
has any separate bond issue. In Jan. 1902 authority was given to Increase stock from $1,000.000 to 11.500.000.
STOCK AN If BONDS.- Date.
Interest. Outstanding. Maturity.
Stock $1,500,000 (par $50)31.075.000
Zd mtge 3100.000 (3500)1 1895
6 g A-0
100,000 Oct 1 1916
gold
cstfJlnt. at Union Trust Co., Pittsburgh, Trustee.
1st con mtge $1,000,000 gold 1 1900
5 g A-0
675.000 Oct 1 1950
gold,
es_tfl Int. at Pa. Co. for Ins. on Lives & Granting
Annuities, Philadelphia. Trustee.
Gen mtge $3,000 000 (51,000) 1903
5 g M-N
700.000 Nov 1 1953
gold
cs_tf Int. at Northern Trust Co. Phila., Trustee.
People's Elec Street Ry 2d 1895
6 F-A
25,1)00 Feb 20 1916
mtge gold _
- _ tf Interest at Union Trust Co.. Pittsburgh.
Bonds.
-Of-the $1,000,000 consols. $125,000 are reserved to retire under- -lying bonds. Bonds are redeemable at 110 and accrued interest. V. 71, p.
913. Of the new general mortgage for $3,000,000, $800,000 are reserved
for prior liens and the remainder for extensions and Improvements at 75%
of cost. The new bonds are redeemable in any amount at any time at 110
and int. See V.77,9.2158.
ROAD.
-Owns and operates 36.205 miles of track,connecting the various
towns and boroughs in the Beaver Valley, from Morado Park southerly, via
Beaver Falls. to Beaver and Vanport and to Rochester and Conway. Laid
with 90.11). and 73-lb. girder rails. Owns 38 closed and 12 open passenger
oars and 8 miscellaneous cars.
OFFICERS.-Pres., J. D. Callery; Pittsburgh; V.
-P.. J. H. Reed; Sec..
W.B.Carson; Treas., C.J. Braun Jr.; Controller.0.8.Mitchell.
-V.77,p,
1224, 2158; V. 81, p. 506. 1664, 1790; V. 87, p. 345.
(6) Pittsburgh & Beaver Street Railway Co.
-A trolley road.
ORGANIZATION.
-Incorporated In Pennsylvania Jan. 23 1908.
Franchises perpetual. Capital stock $235,000 ($50 par), all owned by
Philadelphia Co. Bonds authorized, first mortgage gold, $1,500.000:
issued, $750,000. all owned by the Philadelphia Co • dated July 1 1908.
due July 1 1938 (U). Int. 5%. payable Jan. & July atcompany's office.
Pitts. Union Tr. Co. of Pitts., trustee. Are guar. p. & I. by Phila. Co.
ROAD.
-Operates 14.99 miles in and between Baden, Beaver County,
and Leetsdale, Allegheny County, Pa.
(7) Clairton Street Railway Co.
-A trolley road.
ORGANIZATION.-Incorp. in Penna. May 5 1904. Capital stock,
$30,000 ($50) all owned by Pittsburgh Railways Co.
ROAD.
-Operates one mile of track in the Borough of Clairton, Allegheny County.
ELECTRIC LIGHTING AND ILLUMINATING GAS.
-Entire stock is owned by the Philadelphia Co.
(1) Duquesne Light Co.
In Feb. 1912 the Duquesne Light Co. was purchased in the interest of
Phila. Co.(V.94, p. 560), and in Nov. 1912 it was merged with the Monongahela Lt. Co. and Oakmont & Verona
Ht. & P. Co. In Dec. 1912
it increased its stock from $3,000,000 to $25,000,000 preparatory to acquirLt.,
ing control of the electric-lighting properties owned by the Phila. Co.
Merger effective Jan. 1 1913.
Owns entire stock of the Allegheny County Lt. Co. and Diamond Lt. &
Power Co., the entire stock and $245,000 bonds of the Southern Ht,. Lt.
& P. Co.,and $849,700 stock of the Penna. Lt. & P. Co. On Dee. 31 1912
leased for 50 years the Allegheny Co.Lt. Co.,which in turn leases the Southern Ht. Lt. & P. Co. and Monongahela Lt. & P. Co. for 900 years
from
Jan. 1 '
1902.

ELECTRIC RAILWAYS

104

Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$21.092.000
See text
Q
-M
Stock $25,000,000 ($100)____
2,500,000 Feb 1915
1-yr gold notes $2.500,000,} 1914 6 g F-A2
Interest payable in N.Y.and Pittsburgh.
gold
Bonds of Leased Cos.z477,000 Feb 1 1915
5 F-A
AlleghenyCo.Lt.Co-E't End 1895
El Lt Co 1st M $500,000_ tf Int. at Fidelity Title & Tr. Co.. Pittsb., trus.
y55.000 Dec 1 1949
5 g J-D
Southern Ilt, Lt & P 1st M 1899
$300.000 ($1.000) gold __tf Int. at Colonial Tr. Co., Pittsb., trustee.
1,700.000 June 1 1949
5 g J-D
Lt & P 1st M 1899
Monongahela
$1,700,000 ($1,000) g_ -Ail Int. at Mellon Nat. Bank. Pittsburgh.
[Union Trust Co. of Pittsburgh. trustee.
x Remaining $23,000 are owned by Duquesne Light Co. y Remaining
$245,000 owned by Duquesne Light Co.
%
Dividends.-lst quar. div.-15 %-paid Mar. 31 1913; Sept., 1%.
Since then diva. have been 742% each month up to and incl. Aug. 1914.
V. 99, p. 345.
(2) Pennsylvania Light & Power Co.
$849,700 of the stock is owned by the Duquesne Light Co.
ORGANIZATION.-Incorp.in Penna. Jan. 14 1901. Oper. separately.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock.$1,000,000 ($50)----------$850,000
6 A-0
150.000 April 1 1916
Fenno Lt, Ht & Pow mtgef 1901
ntflint. at Colonial Trust Co.. Pittsb.. trustee.
$150.000 ($1,000)
(3) Consolidated Gas Co. of Pittsburgh.
All the common and $30,850 of the pref. stock is owned by Phila. Co.
The Consolidated Gas Co. operates under a perpetual charter, and with
the Allegheny Illuminating Co. and the South Side Gas Co. constitutes the
-manufacturing companies in the city of Pittsburgh and the excluonly gas
sive right to manufacture illuminating gas is vested in them.
Owns entire *2,000,000 stock and $2,000,000 bonds of the Allegheny
Illuminating Co. and pledges them under its first mortgage.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$4,000,000
Common!$4,000,000($50)_
2,000,000 Aug 14, 2%
4F
-A
Pref 4% cum $2,500,000 ($50) ____
5.000.000 Feb 1 1948
-A
5gF
First mortgage 45,000.0001 1898
tflMaryland Trust Co., Baltimore, trustee.
($1,000) gold
payable at Brown Bros. & Co.. N. Y., and Alex. Brown
Int. on bonds is
& Sons. Baltimore.
(4) South Side Gas Co.
15.099 shares of stock are owned by the Philadelphia Co.
ORGANIZATION.-Incorp. Jan. 25 1882 in Penna. Stock auth. and
Issued, $500,000 ($25).
-(See Map on page 105.)
WEST PENNiTRAC.& WATER POWER CO.
The statement of the West Penn. Trac.& 1Vater Power Co.and the West Penn.
Trac. Co. and subsidiary companies as set forth below has not been revised by
the Westinghouse interests (which now control these properties) for the present
issue of this publication.
ORGANIZATION.-Formerly the Black River & Water Power Co , but
in 1911 was reorganized and capital increased and name changed to above
title in accordance with plan of American Water Works & Guarantee
Company (now American Water Works & Electric Company) in V. 94,
p. 984. (See also detailed statement of that company in V. 95, p. 1537).
The West Penn. Traction & Water Power Co. leases for 990 years the
West Penn Trac. Co. at a rental sufficient to pay all operating and maint.
exp. and all charges, also divs. of 6% each on both corn, and pref. stocks of
West Penn Traction. This contract has been set aside during the life
-year secured gold notes. West Penn Tracof the West Penn Traction 3
tion common stockholders received 1 share each of common and preferred
of West Penn Traction & Water Power Co. for 1 share of their common
stock. The West Penn Trac. & Water Power Co. owns $500,000 stock
of Hydro-Elec. Co. of West Va. (see bonds under West Penn Trac. Co. below), the West Penn Trac. Co. owning the remaining $1,500,000 stock.
-See V. 98, p. 1921.
Dividends Discontinued.
STOCKDiv. Paid. Outstanding. Last Divid'd
Common, $20,500,000 ($100)
$20,500,000
Pref, $6,500,000($100) 6% cum
.
Q-M 15
6.500,000
See text
$14,344,000 common stock and $3,094,800 pref. stock are owned by
American Water-Works & Electric Co.
Dividends.
-On pref., 1
quarterly from organization of company up
to and including March 1914, when company decided to discontinue payments for the present. V. 98, p. 1921.
REPORT,including subsidiaries, for year ending Dec. 31 1913 (V. 98,
p. 683.)
1913.
1912.
1911.
1910.
Gross receipts
$4,705,613 $3,408,586 $2,260,287 $2,042,002
Oper. expenses Stitaxes_ 2,675,568
1,829,460
1,112,281
987,642

54

M%

Net earnings
Fixed charges

$2,030,045
$1,321,618

$1.579,126
$932,248

$1,148,006
$665,776

$1,054,360
$608,004

Balance
$708,427
Amt. required for W.P.
Tr. Co.6% cum. pfd_
97,500
West Penn Tr. & W.P.
(6)390,000
Co. pref. diva

$646,878

$482,230

$446,356

97,500

97,500

97,500

(6)390,000 (4)260,000

(1)65,000

$124,730
$283,856
$220,927
$159,378
Balance,surplus
-V.98, p. 683. 1318, 1921; V. 99, p. 750.
-(See Map on page 105.)
(1) West Penn Traction Co.
All the common stock is owned by West Penn Trac. & Water Power Co ,
which company also leases the West Penn Trac. Co. for 990 years. See
Y. 94. p. 984, 1187.
ORGANIZATION.-Incorp. in Penna. In May 1910 to take over the
control of West Penn Railways per plan in V. 90, p. 628.
West Penn Trao. owns all the West Penn Rys. coll, trust bonds of 1910.
In July 1911 West Penn Tree. Co. acquired all lighting and power companies In Greene and Washington counties and In the Ohio River Valley
west of Pittsburgh from Glenfleld to Aliquippa. V. 93, p. 185.
In Nov. and Dec. 1911 and Feb. 1912 acquired the Allegheny Valley St.
Co., Kittanning & Leechburg Rys. Co.. Pittsburgh & Allegheny Valley
Trac. Co., Allegheny Valley Lt. Co.(V. 94, p. 581) and Kittanning Elec.
Lt. Co.; and on April 1 1912 acquired the Butler Lt., Ht. dr Motor Co.
On Oct. 1 1912 secured control of Wheeling Traction Co. Further controls
Interborough Elec. Co., Latrobe-Hecla St. Ry., Masontown-Morgantown
St. Ry., Uniontown Radial St. By.. West Penn Ltg. Co., West Penn Lt. &
Pow. Co. and Steubenville & Wheeling Trac. Co. Also owns 75% of the
stock of the Hydro-Electric Co. ($2,000,000 stock out) of W. Va. (See
bonds below and V. 97, p. 1586, 1736). In 1913 purchased Oakdale &
McDonald St. Ry.,a 4-mile line between the points named.
Proposed purchase of Pittsburgh McKeesport & Westmoreland Ry.See under McKeesport,Pa.
In Nov.1912 closed a contract for the complete electrification of the large
mills of the Apollo (Pa.) Steel Co. and negotiations with several more
plants are under way. V. 95, p. 1333.
Franchises are almost all perpetual. Practically all track and trans-way.
mission lines outside of municipalities are on private rights-of
-year87 notes
0
-In Apr.1914 the company issued $6,000,000 3
New Notes.
($7.500,000 auth.), at least $4,000,000, it is stated, will be expended for imnrovemts and new construction in 1914 and 1915 (see V. 99, p. 750). The
two other note issues are junior to these. It is against one of these issues
of junior notes that the notes of the Hydro-Electric Co. of W. Va. will be
exchanged. V. 98, p. 1317, 1394, 1462.
Date. Interest. I Outstanding LastPayment
.
STOCK AND BONDSQuar.
See text
*6,500,000
Common, $8,500,000 ($100)
Q-J 15
$1.825.000(5100)8% corn
See text
1,624.900
Pref.
5 J-D
5,465.500 June 1 1980
First mtge $25,000,000 gold1.1910
efInt. at Equitable Trust Co., N. Y.. trustee
($1,000 and $500)
5 M-S
27,500 Dec 1 1928
Kitt &Ford City 1st M $27,5001 1898
Union Trust Co., Pittsburgh, Trustee.
_c•
gold (31,000) sink fd
5 g F-A
1,880,000 Feb 1 1936
Alleg Vail St 1st M 32,000,0001 1906
g not redeemable_ _ _ _ _c&r1Int. at Union Trust Co., Pittsburgh, Trustee.
6 g M-S
6,000,000 Mar 1 1917
Three-year notes 57,500,000 1914
c* Int. payable in N. Y., Chicago and London
($1,000 and $500)
Cont.& Cora. Tr.& S. B., Chic., trustee.
1914
1,320,0001Apr 11 1917
Junior notes1$3,200,000
1914
1.700,0001Marchj1919
do
do
Co. of West Va
Hydro-Electric
5 g A-0
1913
See text April 1 1953
First mortgage $25,000,Int. at Farmers'Loan & Tr. Co., N.Y.,Trus.
000
6 g M-N
1.394,000
See text
$10,500,000 1913
Coll gold notes
red on 2 wks notice at 102_ Int. at Colonial Tr. Co., Pittsb., Trustee




I

[VOL. xcix.

Bonds.
-Of the 1st mtge. bonds $9,175,000 are reserved to retire 1st
mtge. bonds and prior liens of West Penn Rys. and $6,873,000 are for
'patens. and betterments at 90% of cost. As additional security entire
stock and all the outstanding coll. tr. bonds of 1910 of West Penn Rys.
are deposited under the mtge. See description of bonds and property in
V. 92. p. 597. Pittsb. & Alleg. Val. bonds have no sink. fd. Subj. to
call on any int. date at 105 and int. Stock of the Kiskiminetas Valley
Elec Co. I also pledged as collateral for the bonds.
Notes.
-The 6% secured notes of 1914 are callable as a whole during 1st
year at 101, second year at 100)4 and third year at 100. The notes are
secured by deposit of 125% face amount of West Penn Trac. 1st M. 5%
gold bonds and by deposit of certain other securities, bills, notes, &c.
Hydro-Elec. Co. of W. Va.-Of the 1st mtge. bonds of 1913 the entire
$15.000,000 issued are pledged as collateral for the 6% coll, gold notes.
The 6% notes are issued on two series, Series "A." due Nov. 1 1914.
$2,450,000, and the remainder, Series "X." when occasion arises and with
such maturities as the board may determine. Of the $2,450,000 Series "A"
notes, $1,394,000 have been sold. For exchange of these notes for Junior
notes of the West Penn Trac. Co., see above. V. 97, p. 1586, 1736.
Dividends.
-Initial dlv . 134%. on pref. paid June 15 1910; on July 15
1910 a second div. of 1 t4% was paid, and same amount quer.sinoe,toand
incl. July 1914. The Oct. 1914 dividend was deferred. On corn., first
div., 1%, paid Dec. 1910. In 1911, 4%; in 1912, 5;i %; in 1913, 6%.
EARNINGS.
-Included in West Penn Traction & Water Power CO.
-Operates 314.43 miles of track (of which 29.95
OPERATIONS, &c.
miles operated under stock control). 70-1b. T rail in country and heavy
girder rails in cities and towns. 296 cars. Rev, pass. carried in 1913, 59,257,154. The towns served by the trolley lines include Duquesne,McKeesport, Trafford City, Irwin, Jeannette, Greensburg. Mt. Pleasant,
Brownsville, Latrobe, Apollo, Leechburg, Ford City, Kittanning, Natrona,
Tarentum, New Kensington, Aspinwall and intervening towns. Connects
with Pittsburgh Railways Co. lines at Trafford City and McKeesport, and
cars are operated into city of Pittsburgh from Aspinwall by operating agreement with Pittsburgh Railways Co.
The power and light business is being extended rapidly. Has 15 power
plants (aggregate capacity 97,333 h. p.), 29 sub-stations and 314.13 miles
of transmission and distribution lines, furnishing service in above cities
(except McKeesport), and in addition the towns of Waynesburg, Washington, McDonald, Ambridge, Sewickley, Edgeworth,Leetsdale, Economy,
Woodlawn,Aliquippa,Butier, Lyndora and other towns, about 125 cities
and towns within a radius of 70 miles of Pittsburgh being served.
OFFICERS.-Pres., Guy E. Tripp; V.-P _ _ _ _ ______ ; Sec., W. E.
-V.98, p. 914, 1074, 1317, 1394, 1462.
Moore; Treas., H. S. Swift.
-Trolley and electric lighting.
(a) West Penn Railways Co.
The West Penn Trac. Co. (see above) acquired control of company per
plan (approved by West Penn Rys. shareholders in Feb. 1910) in V.90.
p. 448, 504, 628.
-Incorporated in Pennsylvania on Feb. 17 1904 and
ORGANIZATION.
Is a consolidation of the Pittsburgh McKeesport & Connellsville By.. the
Uniontown & Monongahela Valley By.. the Connellsville Suburban Street
Ry., the Greensburg & Southern Electric Street By, and of 10 electric
lighting companies in various cities and towns tributary to the road. In
May 1908 acquired the controlling interest in the McKeesport & Duquesne
Bridge Co. and the entire capital stock of Latrobe Street Ry. In addition
to street railway, does electric-lighting and power business; also owns
Olympia Park, a summer resort of 76 acres within 2 miles of McKeesport.
Franchises are for 990 years. In 1907 acquired a majority of the stock of
the Pittsburgh McKeesport & Greensburg By. V. 85, P. 285.
On Sept. 1 1910 shareholders voted to increase the bonded debt to $12.000,000 to provide for extensions, and ratified the agreement between the
company and the West Penn Traction Co. V.90, p. 1297; V.91. p.39,590.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS$3,250,000 In 1913.6%
Common $3,250.000 ($100)Pref $2.750,000 5% non-cum
2.750,000 Aug'14, 134
5 Q-F
5,884,500 Jan 1 1931
5 g A-0
First mtge $8,000,000 goldi 1905
c*IInt. at Colonial Trust Co.. N. Y., Trustee.
($500 and $1,000)
5 g A-0
1,822,000 Jan 1 1931
Coll trust mtge $8,000,000 gl 1910
($1,000$10.000&$50.000)_rjTrust Co. of America, New York, Trustee.
5 J-J
2,885.000 Jan 1 1931
P McK & C 1st con mtge, 1901
$3,500,000 ($1,000), goldInterest at Colonial Trust Co.. Pittsburgh
Trustee.
Cannot be called
175,000 Jan 1 1932
5 g J-J
Con Sub St By mtge. $175,- 1902
Int. at Colonial Trust Co., Pitts., Trustee.
000, guar
Bonds.
-In addition to the issues given above, there are $349,000 underlying liens outstanding, but as these will be taken up with a like amount
of 1st mort. bonds, we omit them from the statement. Bonds are not
subject to call. See V.80. p. 1914. As additional security for bonds. $999.600 stk. of West Penn. Interur. Rya.. $2.999,600 of Pitts. McK. & ConnellsWest Penn
RY.• $149.600 of Greensb. & Sou. Elec. St. By. $792,550 of $100,000 of
-teat & Pow. Co.. and
Elec. Co.,$252,000 of Westmoreland Lt.. 1
Latrobe Street By. Co., making a total of $5,170,850 deposited with trustee.
The Connellsy. Sub, bonds were guar., p. & I.. by the Pitts. Melt. & Connellsyllle Street Ry. All the ooll, trust bonds were taken at par by West
Penn Trao. Co. Int. is payable at agency of company, N. Y. City. Not
subj. to call.
-The first quarterly dividend on preferred stock, 1 %, was
Dividends.
paid Feb. 1 1906 and same amount quer. since to and incl. May 1914. On
common, in 1910, 2%; in 1911, 1912 and 1913. 6%•
-V.70. p. 811; V.83,9. 1525;
ROAD.-Included in West Penn Trac.Co.
V. 84, p. 221.
(a) Pittsburgh McKeesport & Greensburg Ry,-A trolley road.
-A consolidation on June 28 1901 of the Greensburg
ORGANIZATION.
& Hempfield Electric St. Ry.and the Westmoreianc tty. jt jranentses are
u 3 7
:0
perpetual and about two-thirds of the road is over prl:7: .0 0M of way.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock, $1,500,000
lra
1,500,000 July 1 1931
1st H. 11,500,000 (51,0001glo 1
tHarrisburgiu Tr. Co., Harrisb., Trustee.
5gstjrg
gold
l or at Manufacturers'Tr.Co.,providence, R. I.
-Owns and operates 29.72 miles of track from Trafford City(where
ROAD.
connection is made with the Pittsburgh Rys. Co.) through Jeannette and
Greensburg to Youngwood and Hunker. 74-lb. T and 90-lb. girder rail.
Gauge. 5 ft. 234 in.; 22 cars. Owns in fee one pleasure park. Power sup-V. 78, p. 811; V. 83. p. 1525;
plied by the Westmoreland Electric Co.
V.84. p. 221.
-A trolley road.
(b) Wheeling Traction.
On Oct. 1 1912 the West Penn Trac. Co.acquired control.
-Reorganized Jan. 1 1901 as a consolidation of the
ORGANIZATION.
Wheeling By., the Bellaire Bridgeport & Martin's Ferry Ry. and the
Moundsville Benwood & Wheeling Railway. The company owns all
of the capital stock of the Citizens' Street Railway Co., and leases
same for 99 years. Owns the entire capital stock of the Steubenville &
Wheeling Traction Co. Owns the capital Mock of the Wheeling & Western
RR. and the Bellaire South Western Traction Co. See latter company below. V.83, p. 563, 753. In Jan. 1908 acquired control of Panhandle Trao.
In Jan. 1911 increased auth. stock from 52,000,000 to $2,500.000.
Greater part of franchises perpetual, remainder run until 1958.
Date. Interest. Outstanding. Last dig &e.
STOCK AND BONDSStock $2.500,000($100)----------------$2,336,300 Feb.'13.1 ji%
5 if J-J
2,500,000 Jan 1 49:1
191
Wheeling Traction 1st mtg.) 1551
$7,500,000 ($1,000, $5001) Cleveland Trust Co.. Clevelsnd, trustee.
_c•'Interest at Nat. Bank of Commerce. N. Y.
gold
5%
(1)
New mortgage $10,000,0001 1913
c&r(Colonial Trust Co., Pittsburgh, trustee.
gold
-First mtge. bonds can be called on any Int. day at 105 and int.
Bonds.
upon 30 day's notice. V. 95, p. 619. The new mtge. bonds are for refunding the $2,500,000 bonds and for extensions and betterments. Red.
at 105 and accrued int. at any int. period. V. 08, p. 1491.
Diridends.-First div.. 1%, was paid Jan. 10 1903. and 1% was again paid
July 1 1903. None to July 1909, when 1% was paid; in 1910,3%; 1121911,
1%: July, 13(%; Oct.. 13(%.
,
4%. In 1912. Jan.. 13•1%; Apr., 13
1913, Feb., 1
-For cal. year 1912, gross, $844,588; net after taxes,
EARNINGS.
$387.660: fixed charges, $183.286; bal.. $224.374.
ROAD.-Owns 41 miles of track In Wheeling and suburbs. extending to
-V.
Bridgeport, Moundsville, Bellaire, Benwood and Martin's Ferry.
p. 1491.
Traction Co.
(a) Steubenville & Wheeling
0ROAN 1ZATIO N -This company in Sept. 1905 acquired by deed all tils
property of the Steubenville Mingo & Ohio Valley Traction Co.. subject to
the 3150.000 bonds of that company In table below. V. 81, p. 1101.

q%.

SEPT.. 1914.]

ELECTRIC RAILWAYS

105

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A ELECTRIC PLANT.----""
UNDEVELOPED
,WATER POWEIL.
8
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°
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•

LEGEND

MAP OF THE

WEST PENN TRACTION COMPANY
SYSTEM




WEST PENN TRACT. COMPANY

RAILWAY LINES 8miemsra.rm

I
PROPOSED
CONNECTING RAILWAY LINES .
...... .
.
OPERATING AGREEMENT LINES

MIN=

TRANSMISSION LINES
PROPOSED TRANSMISSION LINES
POWER STATIONS
SUB POWER STATIONS
ELECTRIC LIGHT SERVICE

0
•

106

[VOL. xenc.

ELECTRIC RAILWAYS

Maturity
Interest. Outstanding.
Date.
STOCK AND BONDS$500,000
Stock $650,000
500,000 May 1 1935
5 g 1,1-N
$650,000 guar gold! 1905
First mtg
- Hat. at Dollar Say. & Tr.Co.. Wheeling,trustee
($1,090)
117,000 Jan 1 1920
5 g J-J
Steub Mingo & Ohio Val 1st) 1900
rate $150,000 g ($1,000) _c• lint, at the Trust Co.of America, N.Y .trustee.
-Of the 3650.000 new bonds. $117.000 are reserved for prior liens
Bonds.
The new bonds are subject to call at 102 & int. No sink. fund. They are
guar. prin. and hit, by end. by Wheeling'Frac. Co. Entire issue of Steuben%dile Mingo & Ohio Val. bonds is subject to call at par on 3 mos.' notice.
-Operates 17.6 miles of track from Wheeling to Brilliant. The
ROAD.
extension to Martins Ferry is completed and in operation as far as Rayand,0. Power house Is located at BrIlliant.-V. 81. p.1101.
(b) Panhandle Traction Co.
In Jan. 1906 control was acquired by the Wheeling Traction Co., which
owns all but 6 shares of stock.
interest.
Date.
Outstanding. Maturity
STOCK AND BONDS$500,000
Stock $500,000 ($100)_
5 g A-0
500,000 April 1 1931
First mtg $500.000 gold) 1903
o• lint. at Knickerbocker Tr. Co., N. Y.. trustee
($1,000 and $500)
-Are subject to call on any interest date to 1912 at 105 and int.,
Bands.
thereafter at par and hit. on 30 days' notice.
-Operates 17.5 miles of track from Wheeling to LeazurevIlle.
ROAD.
mostly on private right of way. County franchises are perpetual. Standard gauge; 70-1b. T and 90-lb. girder rail.
(c) Bellaire South Western Traction Co.
-Incorporated in Ohio. Stock is owned by the
ORGANIZATION.
Wheeling Traction.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSSee text
Stock, cons. $500,000 ($100)_
5 z 21-N
$65,000 Nov 1 1926
let mtze, $500.000, gold' 1906
r&c•!Int. at Dollar SavolTr.Co.. Wheerg. Trust
($1.000)
-Redeemable at 102. Bonds are guaranteed p. & I. by the WheelBonds.
ng]Trac. Co.; they are to be used to construct the road.
-Operates 2 miles from Bellaire to Shadyside
ROAD.
(d) Wheeling & Western Ry.
-Incorporated in Ohio In March 1901. Stock ($500,
ORGANIZATION.
000) is owned by the Wheeling Traction. Bonds, auth. $500,000: issued,
'
$235.000. Owns 73.4 miles of track between Wheeling Creek terminus of
Wheeling Traction Co. to Barton. Ohio.

POMEROY, OHIO.
-A trolley road.
OHIO RI VER'ELECTRIC RY & POWER CO.
-Incorporated in 1000. Owns all the capital stock
ORGANIZATION.
($50,000) of the Pomeroy & Middieport Electric Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date
$300,000
Stock $300,000 ($25) _
315,000 July 1 1924
5g
1st mtge 3315,000 gold($100,) 1900
$500, $1,000)
otti Int. at Columbia Ave. Tr. Co. Phila., Trust
-For year ending June 30 1913, gross, $56,043; net, $21,EARNINGS.
807; other Inc.. $5,167; int. & texas, $20,061: surplus, $6,913.
--Owns and operates 12 miles of road extending through Mid.
ROAD.
disport, Pomeroy, Syracuse and Racine. Ohio.
-P.. E. Mendenhall; See.,
OFFICERS.-Pres.. I. L. Oppenheimer; V.
J. K. Trimble; Treas., Harry Williams Jr. General office, Phila., Pa.

PORT JERVIS, N. Y.
PORT JERVIS TRACTION CO.
-Incorporated in New York on June 1 1910 to take
ORGANIZATION.
over the railway business of the Port Jervis Elec, Lt Pow. Gas. & RR. Co.
sold at auction on Jan. 27 1909, The Port Jervis Light & Power Co.
($118,000 stock. $188,000 bonds) was also incorp. to take over the light
and power business. The bonds of the Traction Co. are owned by the Light
& Power Co.
Interest. Outstanding. Maturity.
STOCK AND BONDSDate,
$20,000
Stock, $20,000
1960
70.000
Mortgage, $70,000,gold_c°1 ____
5 g A-0
/nt, pay.at office of trustee Orange Co. Tr. Co., Middletown, N Y.,Trus.
Bonds.
-Subject to call at 105 on any Interest day.
-lb. girder rails.
ROAD.
-Operates 4.3 miles of track. 70-1b. T and 93
8 cars.
D. E. Mandeville; Sec. & Treas., M. F. Maury;
OFFICERS.-Pres.,
Gen. Mgr.. W. E. Guthrie; Supt..WilliamsRice.-V. 74, p. 380; V. 88.9.
158, 296; V. 99, p. 271.

PORTLAND,IND.

THE MUNCIE & PORTLAND TRACTION.
-A trolley road.
-Incorporated July 1905 in Indiana. Franchises In
ORGANIZATION,
cities and towns 50 years; in counties perpetual.
PITTSBURGH & BUTLER STREET RY.-Interurban trolley.
-Incorporated in Pennsylvania Jan. 1905. Hu 8
STOCK AND BONDSORGANIZATION.
Interest. Outstanding. Maturity.
Date.
31,000.000
long-time contract with the Pittsburgh Railways Co. for the use of their Common, $1,000,000 WOWNone. July 1 1935
tracks from 6th St. and Penn. Ave- Pittsburgh. to Etna. Private right ot 1st mortgage, $1,000,0001 1905
5 g J-J
way from Etna to Butler. System includes: Pittsburgh & Butler St. Ry.
($1,000) tr. No s. f.cs_ntffInt. at American Trust & Say. Bk., Ch., Tr.
Butler Pass. Ry.Co.; Butler County Light Co.and United Power & Light
Bonds.
-$900.000 bonds in treasury.
Co. V. 98, p. 1317.
ROAD.
-Operates 32 miles of track between Muncie and Portland. Ind.
New Securities.-OnJune 12 1914 stockholders were to have voted on the 70-lb. T rail.
issuance of $500,000 gen. mtge. 5% bonds, due 1936 and *1,500,000 income
-P., W. O. Ball; See.. G. A. Ball;
OFFICERS.-Pres., E. B. Ball; V.
bonds due 1936. V. 98, p. 1317. 1246.
Treas., F. 0. Ball, all of Muncie, Ind.; Gen. Mgr.. E. B. Lincoln; Aud..
Date.
Interest. Outstanding, Maturity
STOCK AND BONDS.-v. 82. p. 1438.
E. J. Skehan, both of Portland.
Common $1,750,000 ($50)$1,750,000
5 g M-N
1st mtge $1,500,000 (*1,000)1 1905
1.500,000 May 1 1935
esl Int. at Pitts. Trust Co., trustee, or Colonial
gold
PORTLAND, ME.
( Trust Co., New York,
5%
Butler Pass Ry 1st M $500,000 ____
CUMBERLAND COUNTY POWER & LIGHT CO.
500.000
1936
Bills payable June 30 1912
982,500
ORGANIZATION.-Incorp. In Maine March 14 1907. On Feb. 1 1912.
-No sinking fund and bonds are not subject to call.
Bonds.
acquired practically all the common stock of the Lewiston Augusta & Water-Total length of line, 38.51 miles. between Butler and Pitts- ville St. Ry. and leased for 99 years the Portland RR. Co. V. 94. p. 826.
ROAD.
burgh, Pa.. of which 5.4 miles are over the tracks of the Pittsburgh Railway In July 1912 acquired all the properties ,rights and franchises of the ConCo. Gauge, 5 ft. 2% in. 75
-lb. T and girder rails; 18 cars.
solidated Elec. Lt. Co. of Maine; Portland Lighting & Power Co. and Portwhich companies were previously controlled. On Dec. 18
EARNINGS.
-For 12 months ending June 30 1914, gross, $240,345; not, land Elec. Co., capital stock of the Ossipee Valley Pow. Co. On Feb. 1
1912 purchased
$59,143. In 1913, gross, $226,958; net, $48,449.
1913 acquired practically all the common stock of the York Power Co-con.
OFFICERS.-Pres. Geo. Heard, Pittsburgh: V.
-P., Chas, C. Tennis' trolling the York Lt. & Ht. Co. V. 97, ;p. 368; see also V. 97, p. 1426.
Pittsburgh; Sec. & Treas.. R. E. Sprenkle. Butler, Pa.; Gen. Mgr., E. C; Does the entire electric light and power business of Portland and vicinty
Carpenter, Butler, Pa.
Through subsidiary cos. it operates the street railway systems of Portland
-V.84, p. 1552; V. 98. p. 1246, 1317.
and South Portland, with lines to Yarmouth, Cape Elizabeth, Saco, Old Or-A chard, Westbrook, Gorham and South Windham. Also cities and suburban
PITTSBURGH HARMONY BUTLER & NEW CASTLE RY. CO.
trolley road.
lines of the Lewiston Augusta & Waterville St. Ry., from Waterville to
-Is a consolidation in 1906 of several small com- Augusta, Gardiner. Sabattus, Lewiston and Brunswick. thence to Bath
ORGANIZATION.
panies. In Feb. 1910 authorized stock was Increased from $3.000,000 to and Yarmouth, at which point connection is made with the Portland RR..
and the electric-light and power business in Biddeford, Saco and vicinity
$3,500,000.
Sanford.
Interest, Outstanding. Maturifti. and in
STOCK AND BONDS.- Date,
-The franchises under which the companies operate are
Franchises.
$3,000,000
Stock $3,500,000
exceedingly liberal and have no burdensome restrictions.
2,900,000 June 1 1936
5 g J-D
1st mtge $3,500,000 gold1 1906
Date.
Interest. Outstanding, Maturity.
STOCK AND BONDSat Union Trust Co.,Pittsburgh. Trustee.
($1,000)
ce tfj Int.
*2,700,000
Common $2,700,000 ($110)
-The $600.000 unissued are reserved for future extensions.
Bonds.
Q-F
2,300,000
See text
1913, gross, $530,118; net Pref $2,300,000 ($100) 6%
-For 12 mos. ending Juno 30
EARNINGS.
cum.; red at 120 & accr div
222,5 40; int.& taxes,$151,439; extraordinary exp.,$21,398;sur.,$49,702 1st & ref mtge $10,000,000 1912
5 M-S
1,700,000 Sept 1 1942
via Wexford,
c• a Windsor Tr. Co., N.Y.. Trustee.
gold ($1,000)
ROAD.-Gperates 75 miles of track from Pittsburgh.
Evans City, Harmony and Ellwood City. to New Castle, with a branch from Port Elea Co pref stk $500,000
500,000
Q-F
See text
($100) 6% cum (see text)__
Evans City to Butler. Enters Pittsburgh over the tracks of the Pittsburgh
1913.ba connec- Port Elec Co 1st If $1,500,000 1906 5 g F-A
1,500,000 Aug 1 1926
Remainder put in operation on Nov. 14 1908. On Dec.3
tion with Beaver Valley Extension: Ellwood City to Beaver Falls, 63.4 miles.
g (81.000) sink fd_c•&rtf Int. at Portland Trust Co., Portland, Trustee
4% A-0
500,000 April 1 1921
-P., Joseph II. Moore; Sec. & Portl Ltg & Pow first mtge, 1901
OFFICERS.-Pres., R. II. Boggs; V.
$750,000 (closed)-- --..c.tt Int. at American Trust CO.,Boston. Trustee.
Treas.,S.II. Waddell,
4% J-J
500,000 Jan 1 1925
Consol El Lt Co of Me 1st M 1900
($500 and $1,000) gold_c tf Int. at Union S. D.& Tr. Co., Portland,Trus
PLATTSBUiGH, N. Y.
55,000
Consol Elec Lt Co of Me deb 1908 6 F-A15
See text
-A trolley road.
PLATTSBURGH TRACTION CO.
c"tf Int. at A. B. Leach & Co.. New York or
3150,000
Fidelity Trust Co., Portl., Me., Trustee.
Delaware & Hudson Co. owns entire stock and bonds.
co.'s com, stock and $1,500,000 pref. have been
-$2,896.700
Stock.
-Chartered May 27 1896. Franchise 50 years listed on the Boston of
ORGANIZATION, &c.
Stock Exchange. V. 95, p. 1206. The company
First mtre. a%
Capital stock. $100 00o (par $1001
from Nov 21) 1505
has tho option at any time to redeem all or part of the Portland Elec
-J. (tf) at Continental Trust Co.,
gold bonds of 1896, due 1926; int. J.
Eric Co. pref. stock at 115 and accr. divs, and may at any time, with con
N. Y., trustee; authorized, $100,000; issued, $80,000.
sent of owner,red. pref. stock at less than 115. Prof. stock of the Portland
Dividends -Annual div. In 19 11), Jan.. 4%; In 1911. Jan., 5%; In 1912. Elec. Co. fails due and is payable on Aug. 1 1926 at par
and accr. diva.
Jan.. 6%;in 1913. Jan., 5%;in 1914, Jan., 4%.
-Of the remaining let & ref. mtge.
Bonds.
-For year ending Dec. 31 1913, gross, $31,361; net, $12,- for prior lien $300,000 in the treasury and bonds $3,070,000 are reserved
EARNINGS.
$4.930,000 aro for extensions.
228; taxes & charges., $7,226; div.(4%), $4,000; surplus, $1,002.
1mpts., &c., under certain restrictions. Subj. to call on any int. date at
-Owns 7.53 miles of track; rail. 50-lb. T. Pres.. E. N. Sander- 105 and int. on 60 days' notice. Bonds have a depreciation and trust fund
ROAD.
Sims, Albany. and W.H. Williams, N.Y.; Asst. beginning July 1 1915 of 1% per annum of bonds out, but not less than
-Ps.. OS.
son, N.Y.; V.
-P, G. II. Parker, N. Y.; Sec. & Aud., W. II. Elder; Tress., $20,000 a year for purchase of bonds at not over 105 and int. or forreplaceto V.
H.F. Atherton, Albany; Asst. Treas. Sr Gen. Mgr., II. L. Barber, Platts: ments, extens. and add'ns. Int. payable at A. B. Leach St Co., N. Y.
V. 95, p. 361. Port. Elec. 1st mtge. bonds Nos. 1 to 125 are callable on
burgh; Comp., W.H.Davies, N.Y.; Gen.Aud.. Allen McCarty. Albany.
5 weeks' notice on any int, date at par. 126 to 250 after Aug. 1 1916 and
251 to 375 after Aug.1 1921. Any or all remaining bonds are red.at 110
PLYMOUTH, MASS.
and int. Sk. fd. of 1% per ann. of bonds out began Aug. 1 1911. incl. any
bonds purchased for or redeemed by sinking fund. 374,000 (incl. above) in
BROCKTON & PLYMOUTH STREET RY
sinking fund. V. 90. p. 1243. Consol. Elec. Light debs, now
IZATION.-Chartered on Jan. 3 1900 as the Pembroke St. RT. are due $15,000 each Feb. 15, $73,000 having been retired. outstanding
ORGAN
Sept.
Pembroke and Kingston. In
to operate a railway In the towns of
-8% has been paid on the pref. stock since Feb. 1 1912.
Dividends.
and the
1900 was consolidated with the Plymouth & Kingston Street it, above.
-Of combined properties for 12 months end. June 301914,
as
EARNINGS.
Brockton & Plymouth Street Ry.,and in Nov. 1900 name changed a freight gross, $2,447,406; net, after taxes, $1,037,451; interest, &c.. $753.305:
authority to do
In Feb. 1907 Mass, RR. Commission grantedPembroke. Franchise per- pref. illy., $138,000; surplus, $146,146.
Hanson and
business in the towns of Whitman.
-Owns and operates 3 hydro-elec. power plants on the
PROPERTY.
petual.
Interest. Outstanding. Maturity. Saco and Presumpscott rivers within 25 miles of Portland and a steam
STOCK AND BONDS.- Date.
power plant in Portland, combined capacity 21.970 h.p., with transmission
$295,000
Stock. cons, $295,000 ($100)-lines to Portland, covering entire city and suburbs; also to Sanford. Me.
Pref 8110.000 ($100) 6% cum}
Sept'14 3%
110,000
-Ps., P. G. Gossler and Frank
OFFICERS.-Pres., Wm,M. Bradley; V.
_ 6 M-S 15
_
(redeemable at 112)
260,000 Dec 1 1920 Stillman Jr.; Treas. & Clerk, Chas. F. Berry; Gen. Mgr., A. II. Ford.
44g J-D
1st mortgage $300,000 gold j 1900
Trustee. -V. 95, p. 361, 1206; V. 97, p. 175, 368, 1426; V. 98, p. 626.
'Int. at Old Colony Tr. Co.. Boston,
-es_ntf
($1 000)
outstanding are
-$35,000 bonds in addition to amount reported
Bonds.
(1) Lewiston Augusta & Waterville Street RY.-A trolley road.
held in treasury.
-3%-was paid on pref. Sept. 15 1909.
initial dividend
Cumberland County L.& P.Co. owns practically all the common stock.
-An
Dividends.
Sept. 1914.
Same amount semi-annually since to and including
ORGANIZATION.-Incorp. in Maine Oct. 23 1902 as the Auburn Megross, $121,732; net. chanic Falls & Norway St. By., which was, on April 3 1907, changed to
-For 12 mos. end. June 30 1914,
EARNINGS.
after taxes. $19,523; interest, $12,868; balance, $6,655.
present title. Acquired the properties, &c., of the Lewiston Brunswick &
ROAD.-Plymouth through Kingston, Pembroke and Hanson to White Bath St. Ry.; Augusta Winthrop & Gardiner Ry.; Auburn & Turner RR.
passenger and 8 other cars. Also leases 1 Co.; Brunswick & Yarmouth St. By.(formerly the Portland & Brunswick
man, 24.4 miles of track. 25
passenger car from Blue Hill St. By. Standard gauge. Has traffic agree- St. Ry.)and the Freeport Elec, Lt. lit.& Pow.Co. V.84,p. 1182. Operates an electric street railway system in and between Waterville, Augusta,
ment with the Old Colony St. Ry.(Bay State St. Ry.)•
-Ps., Chas. I. Litchfield and Winthrop, Togus, Gardiner, Sabattus, Lewiston, Auburn, Turner, MeOFFICERS.-Pres., James D. Thurber; V.
A. Stuart Pratt; Clerk, Wm.T. Crawford; Treas., Henry B.Sawyer: Gen. chanics Falls, Brunswick, Freeport, Yarmouth and Bath. Does the electric
light and power business in Freeport. Franchises are perpetual.
-V. 77, p. 2158; V. 88, p. 748.
Mgrs.. Stone & Webster Mgt, Assn.




ELECTRIC RAILWAYS

SEPT., 1914.1

MO

Interest. Outstandina. Maturity
STOCK AND BONDSDate.
Stock, corn.. 12,400,000($100)
52.400,000
800,000 Aug 14. 144
Pref, $600.000(5100) 6% cum_ ____
Q-F
1.700,000 AprIl 1 1937
First and refunding mort- I 1007
5 g A-0
gage, 15,000,000 ($1,000),} Int. at Old Colony Tr. Co.. Boston, Trust.
gold
c*tfrand E. W. Clark & Co., Philadelphia.
500,000 May 1 1915
Notes Ser B $500.000 gold41 1913 5 M-N
($1,000 red at 101 and hit.tffInt. at Fidelity Tr. Co. of Portl.. Trustee.
-Securities of the Lew. Bruns. & Bath St. Bp.
845,000 Mch 1 1918
5 MS
First mtge $1,000.000 gold) 1898
($500 & 51,000) closed cntf'Int. at State Trust Co., Aug.. Me.. Trustee.
Securities of the Aug. Win..r. Gar. By.
250,000 July 1 1951
4 g J-J
Aug. H & G gen mtge con-I 1901
vertible
ontffInt. at Augusta Tr. Co., Augusta, trustee.
150.000 July 1 1952
Aug Win & Gard 1st III $250,-1 1902
4g
000conv($1,000&$500)gentfI Int. at Augusta Tr.Co.. Augusta, Me.,Trust.
100.000 Jan 1 1933
Aug Win & Gard gen M $125,-1 1905
5
000 ($500 51,000)gold cntf!Interest at Augusta Trust Co., Trustee.
Bonds.
-The $5,000.000 1st & ref. M. bonds are subject to call on any
Int. day at 10744 and Int. No sinking fund. $695.000 are deposited to
secure the 2-year notes; $1,345,000 are reserved for prior liens; $1,193,000
for improvements, &c., at 85% of cost and $67,000 in treasury. The
Aug. Winth. & Gard. Ry. gen. M. 5% bonds of 1905 are subject to call
at par on any int. day on 65 days' notice. The Aug. Winth. & Gard. Ry.
0
1st M. 47 bonds are exchangeable for 5% pref. stock of the same co..
which stock has the same security as the bonds and matures at same time,
$82,000 have been exchanged. It is a closed mortgage. The Aug. H. &
Gar. gen. M.4% bonds are exchangeable for 4% pref. stock of the same co..
having the same security as the bonds and maturing at the same time.
$194,000 have been exchanged. Series "B" notes are secured by deposit
of $695,000 L. A. & W. 1st & ref. bonds at 72.
All the underlying mortgages are closed mortgages.
Dividends.
-On pref. 144% quar. from Aug. 1910 to and incl. Aug. 1914.
-For year end. June 30 1914, gross, $677,723; net, after
EARNINGS.
taxes, $219,549; interest, &c., $184,834; pref. div., $30,000; deficit, $1,285.
Pass. carried in cal. year 1913, 14,010,289, agst. 12,737,141 in 1912.
-Operates a system in and between Waterville, Augusta, WinROAD.
throp, Togus. Gardner, Sabattes, Lewiston, Auburn, Turner, Mechanic
Falls, Brunswick, Freeport,Yarmouth and Bath. Total track, 161.423 miles.
99 passenger, 22 freight and express cars, 12 snow plows and 23 misc, cars;
-V.92, p. 659; V. 93, p. 1787; V.94, p. 826.
total, 156 cars.
-Ps.. H. L. Clark and Frank
OFFICERS.-Pres.. John R. Graham: V.
Stillman Jr.; Treas.. C. A. Pearson Jr.; Clerk, C. N. Berry.
(2) Portland Railread.-Trolley.
-In 1912 was leased for 99 years to the Cumberland County Pow. &
Lease.
Lt. Co. Under provisions of lease 5% divs. are guar. on $2,000,000 stock.
ORGANIZATION.-Incorp. March 1860 under laws of Maine. Con
trots Portland & Cape Elizabeth My.. Cape Shore Ry., Cape Elizabeth St
Ry., Portland & Yarmouth Elec. Ry. and Westbrook Windham & Naples
These companies are operated under lease and practically all of their capita
stocks together with the entire Issue ($350,000) of 1st M.bonds of the Portland & Yarmouth Elec. By., has been pledged as security for the consoldated mortgage bonds of the Portland RR.
Date.
Interest. Outstanding. Maturityt
STOCK & BONDS.5 F-A
$1,999,000
See tea
Stock $2,000,000 5% gu(5100) ____
5 g M-N
PortRRlstM$500,000g entfj 1893
500.000 Nov 1 1915
IF. R.Barrett & E.A. Noyes,Port.,Me.,Trus.
5 g MN
400.000 Nov 1 1915
Portland 1. Cape Eliza 1st 211 1895
8400,000 gold ($1,000)_ntfl Int. at Amer. Tr. Co., Boston, Trustee,
1,600.000 July 1 1951
Port RR let con 13,000,0001 1901 334 g J-J
(81.000 & $500) gold _ _c*tf(Int. at Portl d Tr. Co., Port., Trustee.
600,000 Dec. 1 1916
434 g J-D
Port RR notes $600,000 gold) 1011
($1,000).
. ____ c•-ntff Int. at Union Safe Deposit & Trust Co., Portl
-Of the auth. issue of 53.000000 consols, $100.000 are in treasBonds.
ury, $900,000 are reserved to retire prior liens and $400,000 are held for
extensions. Bonds can be called at par and int. on any int. date after
July 1 1931. V. 73. p. 139; V. 91. p. 871. Portland RR. 1st M.434s of
1893 fell due May 1 1913, but were extended to Nov. 1 1915 at 5%. Port
land Railroad Company guarantees interest on 1400.000 bonds of the
Portland & Cape Elizabeth By. but not prin. The notes of 1911 are subject
to call at 101 on Dec. 1 1914 or any int. day thereafter. V. 93, p. 1601.
-The following divs. are on old stock prior to lease.
Dividends.
Divs.1'95 to '99 incl. '00. '01. '02. '03. '04. '05. '06. '07 to'11 incl. 1912-13
P.0
.
6%
5
8
3
3 3
3 334
4 ann.
Now 5
ROAD.
-Operates 106.78 miles of track, including suburban lines to
South Portland, Saco, Westbrook, Cape Elizabeth, Gorham, Old Orchard,
and South Windham. 210 passenger, 6 express and 39 work cars. Two
steam power plants and 3 sub-stations; total capacity, 5.850 k. w.
EARNINGS.
-For year end. June 30 1914, gross, $1,046,674; net, after
$247,501; surplus, $156,246.
taxes, $403.807; interest,
&c..
Pass. carried in cal. year 1913, 23,750,864, against 22,224,505 in 1912.
OFFICERS.-Pres., Chas. F. Libby; Clerk & Treas., Chas. F. Berry.
-V.91, p. 871; V. 93, p. 1601, 1726; V. 94, p. 209,
Office, Portland. Me.
352, 827.

PORTLAND, ORE.

PORT LAND RAILWAY. LIGHT & POWERCO.-(See Mayon page 10a.
ORGANIZATION.
-Incorporated in Oregon June 29 1906 and has purchased all the property of the Portland By. Co., the Oregon Water Power &
By. Co. and Portland Gen. Elec. Co. V. 86, p. 1044. On March 21
1912 acquired the Mt. Hood By.& Power Co. V.94, p. 983. During 1912
sold the railway property in Salem for $355,333 and the Willamette Falls
Ry., 0 miles in length, for 5170,000. It now owns and operates
practically
the entire street railway and all electric-light and power plants of
Portland
and the entire electric-light and power business of Oregon City, Silverton,
Woodburn and several small towns in Oregon and also Vancouver. Wash.,
and in addition interurban lines to Oregon City. Troutdale.
Cazadero and
Bull Run. Also owns all the electric-light, power and gas
Salem. Railway franchises in Portland expire in 1932 and 1933. plants in
Light
power franchises in Portland and Salem are perpetual; in Vancouver and
they
expire in 1927.
On March 15 1910 the Oregon Supreme Court handed down
a decision
which in effect sustains the franchise covering portions of 40
streets passed
by City Council April 28 1909 over the Mayor's veto. See V. 00, p. 850.
On Feb. 21 1913 a franchise covering about 22 miles of streets, including
proposed "7th St. Line," and calling for the expenditure of 3350.000
the
on this and other extensions, was granted. The franchise expires in 1932
and contains a provision that at that time appraisers may be appointed to
arrive at the value of the company's equipment, with a view to the purchase
of the lines by the city. V. 96, p. 654.
Under plan approved Nov. 28 1910. pref. stock has been retired and old
son, stock exchanged for new stock on the basis of 1 share of old stock
and $82 50 cash for 244 shares of new stock, 65% paid, subj, to assessment
for remaining 35% at not more than 5% per ann. See V. 91. p. 1328.
In Nov. 1912 an assessment of $5 per share was called, payable Dec. 2,
upon payment of which a spec. div. of 5% was paid out of accumulated
,
surplus. nu In cash, but as a credit of a further $5 per sh. on the stock.
making 75% naid in. V. 95. D. 1274.
In Nov. 1912 the co. brought suit to restrain the city from enforcing the
"straphanger ordinance" (limiting to 3 cts, the fare charged passengers for
whom no seats are Provided), and also the 50-cent minimum gas and electric rate ordinance. A temporary injunction against the enforcement of
the former was granted in Dec. 1912 but application for an Injunction to set
'
aside the latter was denied by Judge
in the U. S. Dist. Court on Nov.
25„ on the ground that the Fed. Court has no jurisdiction. V. 95. p.
1542. 1274.
On June 9 1013 the U.S Supreme Court sustained the Oregon RR.Comm.
requiring the company to reduce its fares from Portland to Milwauke, a
suburb, to 5 cents. See V. OS, p. 1703.
On Nov. 7 1913 the City Commission. by a vote of 3 to 2, approved.
against the protest of the company, the ordinance requiring 6 rides for
25 cents. V. 97, rp. 1427.
In Dec. 1913 Judge Bean in the U. S. District Court granted a temporary
injunction restraining the enforcement of the ordinance. V. 97, p. 1734.
This in unction was continued by Judge Bean on Jan. 12 1914 pending the
trialof the suit brought by the company. V. 98, p. 305
As to suits by city to recover 3% city tax on gross receipts for 1912 and
part of 1911. see V. 96, p. 1157.
In May 1914 the company purchased the YamhiliEleCtric CO. and supplies the system with electricity. The Yamhill Elec. Co. serves Newberg, Carlton, Dayton and other towns in Yamhill, Ore.




107

In an. 1914 the company acquired a majority of the $100,000 stock of
the Willamette Valley Southern By.(see bonds below), which company was
i ncorp. in Ore. in 1911 to construct an electric road with Willamette Valley
from Oregon City to Mt. Angel, about 32 miles. Up to Sept. 1 1914
about 7 miles of track laid. See V. 98, p. 1001.
Municipal Lighting Contract.
-The company was awarded a contract for
lighting the streets of Portland for three years beginning Jan. 1 1914.
STOCK AND BONDSV S
97. ; 27
P
Stook $25,000.000 ($100)

JtaturUv.
Interest. Outstanding.
See text
Q-21 1525.000,0001
175% pald j
Portland By Lt & Pow 1st &I 1912 5 g F-A
.
Co..17,06p.010 Tbus. 1942
4n10a..Fer l Len.
ref mtge $75,000.000 gold( Int. at Fidelity Tr.
(see text)
c*&r*tf I Higginson & Co., nos. and Col. Tr. Co.
Portland Ry Lt & Pow notes) 1914
5 g M-N
5,000,000 May 1 1915
$5,000,000 g (see text)___cf Interest at Guar. Trust. Co.,N.Y.,Trustee.
Portland Ry lest and refund J 1905
8,523,000 Nov. 1 1930.
5 g M-N
Ing mortgage, 410,000.000. ,Interest at office of Redmond & Co.. N. Y.:
)
gold ($1,000) sink fund c*D1 New York Trust Co., Trustee.
City & Suburban consol Ma 1891
.
Co..00 Sept .1 Trn8
P0 tland 1916
8g
not sub)to cail($1,000)gc*nInt. at Sec. Say. & Tr. 87
o
tf
City & Sub new mtge. $3,000-1 1900
.
ru t C0.
4 g J-D
1, 0 0 0aJ ne 1 1930
29 . ()
000 ($1,000) subject to call)Interest at Security Savings
Trust
at par afterJune l'15,gentf
Portland, Trustee.
Portland Gen El first mtge,) 1905
81935
New
Co..000 July 1York..
002,
5 g J-J
See text g ($1,000)___ c•tf Int. at Harris. Forbes
tft Hood By & Pow 1st mtgel 1907
SanSeperatnexcitsn
5 g J-J
36.000.000 ($1,000)s.f.0* ntf(Union Trust Co.,
! s 937
' 1tee.
a
O Trustee.
Willem Vail So Ry 1st Mtge{ 1914 6 g F
700,000 Feb 1 1939
-A
$3,000,000 (5100), $500 & Int. at Cont & Comm Tr S Bk.Chic.. Trus$1,000)gu uncond p & sfc*
tee, or in Portland or New York
Stock.
-Stock is listed on the Columbus and Louisville stock exchanges.
Bonds.
-Of the remaining Port. Ry. Lt. & Pow. unissued $18,000,000 are
reserved for prior liens and $39,936,000 are for add'ns,
&c. Denom.
coup. bds., 51,000, $500 and $100. reg. bds., $1,000, $5,000, $10,000 and
$50,000. P. & 1. also payable in sterling, francs or guilders at fixed rates
of exchange. Cum. sink. fd. 1% annually 1915 to 1926 incl.; 144% 1927
to 1941 incl. on total amount issued, callable as a whole or for the sinking fund at 105 and Interest. Bonds in sink. fd. to be kept alive and int.
added to fund. Present issue of $16,000.000 is convertible at any time
at holder's option into capital stock at a price equal to the amount paid
In on such stock, plus $10 premium per $100 share. See V. 94. p. 631.
Bonds are listed on N. Y. and London stock exchanges.
Portland Ry. Light & Power notes are redeemable at par and interest
on 60 days notice. Denomination. $1.000. $5,000 and 510.000.
Notes of $10,000 & 55,000 are exch. at holders' option for notes of $1,000 denom. They are secured by deposit of entire issue of 1st M. bonds of Mt.
Hood Ry. & Power Co.. and the entire stock (except directors' shares) of
the Mt. Hood Co.
The Portland By first & ref. mtge. has been closed at $8,523,000. A
sinking fund began in 1907; the amount is $25,000 per ann. from '07 to '09.
Inclusive: $40,000 per annum from 1910 to 1919. Inclusive. and $60.000
per annum from 1920 to maturity of bonds; these payments are based on an
original amount outstanding of $5,982,000. increasing proportionately as
additional bonds were issued; said funds to be invested in the bonds at not
more than 105 and Interest, at which price bonds can be called for the purpose. Bonds are to be kept alive and bear interest. $349.000 of entstand8o6;
blg b7ds. p 14sinking fund. See V. 81. p. 1437. The bonds are listed
83s e n 71.
,r .1
en the New York, Louisville and Philadelphia Stock Exchanges. V. 82. P.
Date,
_____

The auth.amount of Portland Gen.Elec.Co.mtge. was originally for $10,000,000, but mtge. has been closed at $8,000,000. Bonds are subj. to call
on and after July 1 1915 at 10744 and Int. A sinking fund of 1% per annum
of bonds out commences May 1 1915. United States Mtge. & Trust Co.,
N. Y., trustee. They are listed on the N. Y. Stock Exchange. V. 92,
p. 1437.
$
Both5,0n00of,t0hoe
Suburban mtges. are closed.
of Mt. Hood By. & Power bonds are deposited as collateral
under Portl. fly., L. & P. notes. Sinking fund began Jan. 1912, 1% to
Jan. 1916, incl.; 114% 1917 to 1921, 144% 1922 to 1926, 114% 1927 to
1931. 2% 1932 to 1937.
Willamette Valley Southern 1st mtge, bonds are unconditionally guaranteed (as to payment of Prin., int. & sink, fund) by Portland Ry. Light &
Power Co. Of the $3,000,000 auth. ($700,000 of which are issued),
$50,000 issuable up to 80% of cost of completing present property, the
remaining $2,250,000 issuable only under certain restrictions. Sinking fund
otof
of by.98,utstand
onds o p. l n n ling 1917 to 1923; 134% 1924 to 1931: and 2% 1932
1%1938.
Dividends.
-On old corn. guar. div. of 1% paid from Sept. 1909 to Dee.
1910, Inclusive. Initial dly.-$1-en new stook as adjusted per plan
V.91, D. 1328, was paid Mch. 1 1911; June, SI: Sept., $1: Dec.. 31. In
1912. Mch., $1; June, $1; Sept.. $1; Dec., $134. In 1913. Mch.. $144;
June, $134; Sept.. $141. In Dec. rate was reduced and $1 was paid (see
n.t97, p.1. 99 p.
Vo paid cv824 ; In 1914, March, $1; June, $1. Sept. dividend was
)
-For years ending June 30:
EARNINGS.
Surplus.
Year
Net (after Taxes). Interest.
Gross.
$1,241,067
$2,116,201
53,347,268
$6,701,878
1913-14
1,521,290
1912-13
6,683,215
4
3' .0 47368.
Total Passengers carried in 1913.957310.6
s1n g 7 track. Owns 633
ROAD.
-Operates a total of 305.607 miles of 1.8511e 86
pasSenger cars, 522 freight and work cars and 12 locomotives. Waterpower plants have a capacity of 42,880 k. w.; steam plants, 22,400 k. w.
amusecapacity. Total capacity. 65,280 k. w. Owns the only park and
ment resort near Portland; also real estate in Portland suitable for terminals.
Co., Philadelphia, Pa.. and
Transfer Agents of Stock.
-E. W. Clark &
Fidelity Trust Co.. Louisville, Ky.
-Ps., F. I. Fuller. Port
OFFICERS.-Pres., Franklin 1'. Griffith; V.
land: M. S. Hopkins, Columbus. 0.; E. W. Clark and II. L. Clark.
Estabrook, Phila.; Treas. &
Phila.; Sec. and Asst. Treas., G. L.
Asst. Sec.. C. N. Huggins. Portland; Asst. Sec.. It. W. Shepherd; Asst.
Sec. & Asst. Treas., Wm, Utley; Gen. Mgr. F. W. Hild.-V. 89, p. 287;
p. 323, 396, 1437; V. 94. D.
631.983.850 9..18, p1250 1328.1513; V.
V.90. p. 1 1 1 V 1916 .1151,
;
.
p.
54 98 p 6 V
. .4 :
29978.'p1.217442.71.313520.5,14178324, Nr 2, 17.305.
96. p. 654.1022, 1157. 1224N79053;
690, 1000, 1246, 1317, 1538; V. 99, p. 604, 609, 749.
OREGON ELECTRIC Ry.-An interurban road.
Spokane Portland & Seattle By, owns entire corn. stock.
ORGANIZATION.
-Incorporated in Oregon on May 14 1906. Exclus•
ively an Interurban road. Does no street railway business. Principally on
private right of way. Has a contract for power (extending to 1938. with
Privilege of renewal for 25 years) with Portland Railway, Light & Power Co.
ST on $5 0 0 0 0N D0
nin C K .N D B0( i S
A0 0 $ Interest. Outstanding. Maturittl•
0)
Dale.
$1,950,000
Prof S5,000,000($100)6% cum
200.000 In 1914,6%
_
6%
Deferred stock $400,000(5100)
380,000
First mortgage 110,000.0001 1908
2,00 00 May 1 1933
380.000
5 g M-N
($1,000) gold
tf(Int. at Col.-Knicker. Tr. Co.. N.Y.,trustee
Bonds.
-$8,000.000 remaining bonds reserved for permanent extensions
and improvements at 80% of cost. Bonds are subject to call as a whole
or In part at 107 and Interest on any interest day.
Dividends.
-On preferred in 1911. 1912, 1913 and 1914, 6%.
EARNINGS.
-For year ending June 30 1914, gross. $1.181,804; net,
after taxes,$321,134; other inc., $553; interest. $363,995: pref. div., $12,000; deficit. $54.308.
ROAD.
-Operates Portland to Eugene, 122.31 miles; Garden Home to
Forest Grove, 19.45 miles; West Woodburn to Woodburn. 2.53 miles; Gray
to Corvallis, 5.20 miles: Orenco to Bowers Junction, 5.05 miles; trackage
rights, 1.72 miles; total length of line, 156.26 miles. Standard gauge.
70-lb. T rails. Will build a 30,000 h.p. hydro-electric plant at Clear
Lake, near Eugene.
OFFICERS.-Pres., L. C. Gilman; V.
-P., C. H. Carey; Gen. Mgr.,
W.D.Scott; Sec.& Comp., W.F. Turner; Asst. Sec.,E Pearson; Treas.,
T. N.Dunbar.
-V.89, p.847; V.90,p.1297; V.92, p.323,1311; V.93,P.
1535; Vs 95, p. 1274.

PORTLAND EUGENE & EASTERN RY.

In 1912 the Southern Pacific Co. acquired control of this company an
the Corvallis & Alsea RR. (a 28-mile steam road to be electrified) and tk e
street railway system In Salem formerly used by Portland Ry. Lt. & Pow.
Co. V.95, p. 48.

[VOL. xclx.

ELECTRIC RAILWAYS

108

VANCOUVER
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MAP SHOWING LINES
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PORTLAND RAILWAY,
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COMPANY

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PORTLAND, OREGON
-Track Basis
P. R. L. & P. Co. Total Mileage on Single




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SWT.,19141

ELECTRIC RAILWAYS

ORGANIZATION.-Incorp. In Oregon on Nov. 5 1927 to construct a
line, 125 miles, to connect Portland, Salem, Albany and Eugene.
In Nov.1912 purchased Willamette Falls Ry.,5.70 miles long, from the
Portland Ry. Lt. & P. Co. In Apr. 1913 purchased the Sheridan & Wit,
lamina RR.,5.35 miles in length.
The Canby-Molalla Div., 10.31 miles,
was opened for operation in Sept. 1913.
STOCK AND BONDS.- Date.
Interest. Outstanding. Matutitg•
Stock 81,000.000 ($100)-----_
First consol mtge $1,200,0001 1911
6 g J-J
July 1 1936
gold ($1,000)
otfIEquitablc Trust Co., New York, trustee.
-Subject to call at 105 and int.
Bonds.
EARNINGS -For 12 mos. end. Juno 30 1913, gross, $230,893; net,
after taxes, $3,160: hit., charges, &c., $107,381; deficit, $104,221.
-Operates electric line in Eugene, Springfield, Albany and
ROAD.
Salem, Ore., 29.92 miles; operates interurban line, 5.70 miles. Steam lines
in operation 73.02 miles, of which 69.97 miles owned, the remaining 3.05
miles being operated under trackage rights over the Willamette Pacific
Ry. between Junction and Eugene, Ore. Projected and in course of electrification, 340 miles, in the Willamette Valley between Portland and
Eugene, Ore. Standard gauge 75-1b. T rail.
OFFICERS.-Pres. Robt. E. Strahorn; Sec. & Aud., W. M. Nelson,
,
Portland, Ore.: Treas.. II. A. Jones, San Francisco, Cal.
-V. 94, p. 417;
V. 95, p. 48, 420. 1404.

PORTSMOUTH, OHIO.
PORTSMOUTH STREET RAILROAD & LIGHT CO.
ORGANIZATION.
-Commenced operations in 1894. Leases Ohio
Valley Traction Co.
The Ohio P. U. Comm.in April 1914 auth. the co. to Issue $250,000 6%
pref. stock and $500.000 6% 20-yr. mtge. bonds at not less than par. See
V. 98, p. 1317.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Stock. $500.000_
8250.000
Prof $250,000(6% cum)..____ ____
6%
None
First mortgage, $250,000.) 1906
5 g J-J
50,000 July 1 1916
gold, sinking fund
lInteres at Bankers Trust Co.. N. Y., True.
Mortgage bonds $500,000_ _ _ _ 1914
6%
None
20-years.
Bonds.
-A sinking fund will retire $25,000 of bonds annually; *200,000
have been retired. Entire Issue is subject to call at 102.
EARNINGS.
-For calendar year 1913. gross, $259,750. In 1912,
gross, $242,915. In 1911, gross, $217,026. In 1910, gross, $207,136.
-Operates 1434 miles of single track. Including 234 miles leased
ROAD.
-lb. T rail.
70
OFFICERS.-Pres., L. D. York; See. and Treas.. H.H. Higgins, V.
83
0.970,1171: V.91. p.397,464; V.93, p.408; V.95, p.361; V.97. p. 445
V. 98, p. 1317.

POTTSVILLE, PA.
EASTERN PENNSYLVANIA RAILWAYS CO.
-(See Map on page 110).
ORGANIZATION.
-Incorporated in Pennsylvania In 1891 as the Tamaqua & Lansford Street Ry., and name changed In 1908. Controls the
following properties In Schuylkill County and vicinity and the lower anthracite coal field.
Pottsville Union Traction Co.
The Port Carbon &Middleport El.Ry
Pottsville & Reading Railway Co.
Tamaqua 456 Pottsville Electric RR
Schuyl. Hav.&Orwigsburg St.Ry.Co. Eastern Penna, Lt., lit. Se Pow. Co.
Schuylkill Electric Railway Co.
The Tumbling Run Park Association
Coal Castle Electric Railway Co.
Most of those companies are without bonded debt, but where bonds have
been issued they have been provided for or deposited under the consolidated
company's new mortgage, together with all, or practically all, their stocki
V. 82. p. 1437. Franchises are practically perpetual.
In April 1914 the Penna. P. S. Comm. denied the application of the
Schuylkill Light, Heat & Pow. Co.for permission to carry on a competitive
electric-lighting business in the Borough of Ashland, now served by the
subsidiary lighting co. of this co., the Eastern Pennsylvania Lt.. Ht.
&
Power Co. See V. 98, p. 1392.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity,
Common, $5,000,000 ($100)14,000,000
Pref., $1,000,000 ($100) 5% c_
974,900Mar. '07, 214
First mortgage. $6,000,000, gJ 1906
5gJ.J
3.257,000 July1,1936
0
($500 and
c• Central Trust Co., New York, Trustee.
Pettey. & Read, first mtge, gj 1895
6 g F-A
99,000 Feb. 1 1925
$100.000 ($1,000)_ __
c Int. at Real Estate Trust Co., Phila., Trustee
Schuyl El Ry 1st M 8500,000, 1895
6 g F-A
205,000 Feb. 1 1925
($500 and $1,000) gold c•1Int. at Real Estate Trust Co.. Phila.. Trustee
Ed Elm Ilium Co of Ashland, 1908
5 A-0
11.000 See text
Pa,bonds 515,000 ($500).._ Int. at Ashland. Pa.; John Ryan, Trustee.
Bonds.
-Sufficient 1st M. bonds of 1906 are reserved to retire $445,000
prior liens; the unissued portion is reserved for future extensions and Improvements; $333,500 have been canceled. Registered bonds are re-convertible Into coupon bonds. Are subject to call at 110 and int. on 4 weeks'
notice. Int. payable In N. Y. See description of bonds and
moperty•
V.89, p. 103; V.94, p. 279. 89.000 of Ed Elec Ilium Co. bds In Sink.fund.
Bonds are due any int. date at company's option.
Dividends.
-Div., 234%. on pref. Men. 1907; none since to May 1914.
REPORT.
-For years ending Feb. 28 (V. 98, p. 1071):
Feb. 28.
Gross
Net(after Und'g b'd Bond int. Balance,
YearEarnings. Taxes). & rentals. &sk.fd.
Surplus.
1913-14 .
$822,088 $328,371 545,427 5175,399 5107,545
1912-13
724,491
293,417
45,029
169,662
78,726
ROAD.
-Operates 69.66 miles of track, connecting
Pottle/111e with York
Mlle, MinersvIlle, Palo Alto, Belmont,
Carbon, Saint Clair, New Philadelphi Cumbola, Mount Carbon, Port
a, Middleport, Schuylkill Haven,
Adamsdale, Orwigsburg, Coal Castle.
Glen Carbon, Tumbling Run. Brockton, Tuscarora, Tamaqua Lansford,
Summit Hill, Nesquehonlng and
Mauch Chunk.

109

EARNINGS.
-For 12 mos. end. June 30 1914,
$201,860; net. 374,667; charges & taxes. $36,499; gross from operation.
adjustments, $15,624;
surplus, $22,544.
OFFICERS.
-Pros. & Treas., Silas Hinkiey; V.
-P. &Sec., Mary Hinkley; Mgr., C. A. Brooks; Aud., J. A. Nilan. Under managemen
t of J. G.
White Mgt. Corp.
-V.84, p. 1552; V. 85. p. 795.

PROVIDENCE, R. I.

PROVIDENCE & FALL RIVER STREET RY.-A trolley road.
Int. due Jan. 1 1911 was defaulted
paid. In;. has been paid regularly (V. 92,p, 119), but was subsequently
since.
ORGANIZATION.
-Incorporated In March 1901 under the laws of the
State of Massachusetts.
STOCK AND BONDSDate.
Interest, Outstanding. Maturity.
Stock.$165,000
$165,000
First mortgage, $200,000 { 1901
5 g J-J
165,000 July 1 1921
($1,000) gold
cs• Int. at Industrial Tr. Co., Providence., True.,
or Eliot National Bank, Boston, Mass.
Current liabilltiesJune 30 1913
111,834
EARNINGS.
-For year ending June
S5,762; charges. *15,050; deficit, $9,288.30 1913, gross. $52,190; net.
ROAD.
-Operates about 1234 miles of track. Providence,
R. 1.. to Fall
River, Mass., with an extension to Warren,
R. I. 19 passenger and 7 miscellaneous cars. On July 31 1911 service
was indefinitely suspended on account ofon the Warren & Swansea branch
lack of patronage.
OFFICERS.-Pres.. Jas. F. Shaw; V.
-P., C. C. Peirce, Tress; A. W.
O app. 45 Milk St., Boston, Mass.
-V.73, p. 33, 616; V. 92, p. 119.

PUEBLO, COL.
ARKANSAS VALLEY RAILWAY. LIGHT &
POWER CO.
Standard Gas & Electric Co. owns $125,000
preferred, $3,499,400 of the
gammon and $3,665.000 first and refunding bonds.
ORGANIZATION.-Incorp. In Colorado on
over the following companies(V.93, p. 1460): Nov. 14 1911. Has taken
Colo. Lt. & Pow. Co. of Canon City I La Junta
Electric Co.
Gold Belt Consol, Electric Co.
Pueblo Sub. Trac. & Lighting Co
La Bella Mill. Water & Power Co.
Rocky Ford Electric Co.
The La Bella Mill, Water & Power Co. Is
controlled through stock ownership only.
Controls all the street railway and electric
lighting and power Interests in
Pueblo, with a large lighting and power business
in
Cripple Creek district.
Railway franchises expire in 1940 & 1942 and
electric light franchises In 1936.
STOCK AND BONDSDate.
Interest, Outstanding. Maturity
Common $6,000,000 ($100)-53.500.000
Pref 84,000,000 (8100) 7% cu_ ____
Q-M 15
645 000 Sept.
'14.154
1st & ref mtge 810,000,0001 1911
5 g Ii-N
3,665,000 Nov 1 1931
C ($1,000) sinking fund_c•fInt.atCont.&Com.Tr.&Sav.131E-Chi
c..trust.
Pueblo Traction & Lighting} 1901
1.020.000 Jan 1 1921
5
first mortgage S1,500,000 Interest atg J-J
International Trust Co.. Denver.
gold ($1,000)
o•
Trustee, or at Morton Trust Co.. N. Y.
Pueblo & Suburban 1st mort-} 1902
5
1,997,000 Oct 1 1922
gage 33.500,000 ($1,000) Interest at g A-0
International Trust Co., Denver,
gold sinking fund
o•
Trustee, or at Morton Trust Co.. N. Y.
Stock.-Preterred stock is redeemable at 110 on 60
days' notice.
Bonds.
-Of the remaining let & ref. bonds. $3.017.000
are reserved for
prior liens and $3,280,000 for extensions;
Subj. to call at 105 and int. on any interest 538.000 have been redeemed.
gins Nov. 1 1913, 1% bonds certified 1913 day. Annual sinking fund bePueblo & Suburban mtge., $1,020,000 are to 1915, 1916 to 1930. 2%. Of
reserved to retire bonds of the
Pueblo Traction & Lighting Co.and $307,000
have been canceled. Entire
issue is subject to call at 104 and in;. A sinking fund
must retire at least $50,000 bonds per ann., said fund began in 1909 which
to be invested in the
bends in open market at not higher than 104; otherwise bonds
can be called
for the purpose. V. 75, p. 1355. Entire issue of
1st M. bonds may be called at 104 and int. A sk. Pueblo Trac. & Ltg.
Id. of $10,000
on these bonds began in 1906,and may be used to call bonds after annually
Jan. 1906
at 104 and int. See V. 72, p. 821. $80.000 have been canceled.
Dividends.
-On pref., 134% quar. from June 1912 to Sept. 1914.
EARNINGS.
-For year ending July 31 1913. gross, $1,149,049; net.
$424,753.
ROAD.
-Owns 35 miles of track, all in city of Pueblo. Gauge 4
ft.
65, 72 and 75-lb. rail. 50 cars, of which 40 are motors.
OFFICERS.-Pres., A. S. Hues'; V.
-P., 0. E. Osthoff; Treas., R.L.
Graf; V.
-P. & Mgr., W. F. Raber; Sec., Herbert List.
-V. 93, p. 1460:
V. 94, p. 1625.

RALEIGH, N. 0.

CAROLINA POWER & LIGHT CO.
Elec. Bond & Share Co. acts as fiscal agents for the company.
ORGANIZATION, &c.-Incorp. in North Carolina Feb. 19
1908. Successor to the Raleigh Street Ry.(chartered 1881, road opened 1886). Raleigh
Electric Co., Central Carolina Power Co. and Consumers' Light & Power
Co.
On Nov 1 1910 acquired Durham Light & Power Co.. on May
1 1911 the
Henderson Ltg. & Pow. Co.. and on Aug. 1 1911 the Standard Gas
& Elec.
Co., which companies have been merged into the Carolina Power
& Lt. Co.
On Nov. 1 1911 leased the Oxford Elec. Co. On July 1 1912
acquired the
Goldsboro lighting property (municipal plant).
Operates entire street railway, gas and electric light and
Raleigh. gas service In Durham. light and power service in power service in
Henderson. Oxford. Sanford, Jonesboro, Smithfield, Pine Level and Goldsboro.
and Ugh;
and power service for manufacturing purposes in Fayetteville
OFFICERS.-Pres., J. H. Pardee; V.
-P., R. Walter Leigh; Sec.. T.W. Clayton, Smithfield, Selma, Franklinton and Pine Level. . Cumberland,
Moffat: Treas., R. B. March/mt. all of N.
The company
Van Dusen Rickert, Pottsville. Pa.: Gen. Y.; Asst. Sec. and Asst. Treas., also supplies, under contract the entire requirements of the municipal
and power systems
N. y.
-V.89, p. 103; V. 91, p.1385; V. Mgrs., J. G. White Mat. Corp.. elec.-lightin Smithfield, Selma and Clayton and of the
94, p. 279; V.97, p.1024; V. 98. privately owned elec.-light and power systemsin Franklinton
p. 1071.
and
Franchises.-Eleetrie and gas lighting franchises in Raleigh Pine Level.
are perpetual
and that for the railway extends to 1945.
The
SCHUYLKILL & DAUPHIN TRACTION CO.
tends to 1950. In Henderson, Oxford,Sanford Durham gas franchise exReceivership.-Ilaving defaulted in payment
and Jonesboro the franchises
of Int. due July 1 1912 on extend to 1971. 1971, 1942 and 2003, respectively in
the 5-year notes, Andrew B. Greenshields of Phila. was
Goldsboro. Smith;
appointed receiver. field and Pine Level to 1972, and in Fayetteville franchise Is perpetual.
V. 95, p. 177.
In Mch. 1911 acquired control of the
ORGANIZATION.
incorp. In interest of the Caro. Pow. &Yadkin River Power Co., which was
-Incorporated April 30 1908. Lemma for
Lt. Co.
On Mch. 31
the Lyken & Williams Valley St. Ry. Stock 125.000 (120), all 999 years
outstand- 000 and auth.1911 Increased auth. oom. stock from $2,500,000 60 55,000,ing. Five-year. 5% gold notes. $60,000, due Jan. 1 1914.
pref. from $1,250.000 to $2,500.000.
In Molt. 1912 acquired the
lien bonds of Lykens & Williams Valley remain outstanding.$175,800 prior
entire cont, stock of the Asheville Power &
Earnings
12 Mos. ending Deo. 31 1910, gross. $31.128; net. $9,045. Owns 10 for Light Co. V. 99, p. 982.
miles
of track from Lykens to Reinerton; 10 oars; 50 -lb. T and
STOCK AND BONDS-60
girder rail.
Interest, Outstanding. Maturity.
Gauge, 5 ft. 234 in. Pres., J. W. Moyer; Sec. and Treas..
Stock. corn. 35.000.000 (8100) Date,
Edgar D. Rank;
$4.350100 Oct.
895.00
Gen. Mgr., W E. HarrIngton.-V. 87, p. 1480; V. 95, p. 177.
Pref.. 32.500.0007%
Q-J
'14, 154
Is; mortgage, gold cum($100) -$5,000,-'l908
5 g F-A
2.365.500 Aug. 1 1938
000 ($500 and $1.000) c' tf Guaranty
'.Co.. N. Y. true. Int. in N.Y.
tr
POUGHKEEPSIE, N. Y.
Convertible gold notes_ _o_ tf
InugIn1N 9y8
A t . 1 1.
.
.
POUGHKEEPSIE CITY & WAPPINGER'S PALLS
G1u9a0m8nty Tr ACo.,N. Y.Tr 0
5 F.
20
.250
.
ELECTRIC MBonds.-$202.500 Ist85f. bonds are reserved to
A trolley road.
retire cony, gold notes.
1500.000 are for exchange, bond for bond, for
ORGANIZATION.
-Chartered March 22 1804.
bonds of other companies,
under certain restrictions, and remaining
STOCK AND BONDSDate.
Interest. Outstanding. Maturity- extensions. &c., at 80% of cost of same. bonds are for improvements.
Redeemable as a whole or In
Stock, $750,000 (par $100).
part for sink, fund on Aug. 1 1913 or any
$750,000
int. date thereafter at 105
First mtge, gold ($1,000) s ff 1894
5 gj
int. S. f. 1% annually
-J
and
391.000 July
no option, $500,000_ ___c•ICent. Tr. Co.. N. Y.. Trustee. Int. In 1 1924 thereafter 134%. See V.of bonds out from Aug. 1 1913 to Aug. 1 1923;
90. p. 1361. Cony. notes are
N. Y.C. let
Second mortgage, 1250,00
1907
M. bonds at par at option of company
exchangeable for
6 g .14
117,000 July 1 1937
when annual net
($1.000). gold
c* Int. at Poughkeep. Tr. Co..
Trustee. at least twice the ann. Int, charge upon bds. outst'it and those earnings are
Bonds.-lst mtg.bonds are limited to 125,000 per mile Pough.. Tstee.
to be exch.
Dividends.
-On pref. I Si%
of completed trolley road, $10,000 of this being Issuable when track Is laid and remaining In A orll 11111 My. Increased toquar. from July 1 1909 to Jan. 2 1911, Incl,
134% quar, and same amount
$15.000 when equipped with trolley. No bonds can be Issued
paid since to
in excess of and including Oct. 1914.
$500,000 "until the stockholders of this co. shall consent to
such excess In the
EARNINGS.
-For 12 mos. ending
manner provided by the laws of the State of New
York." Sinking fund, $201,523; other income, $50,000; in;.July 31 1914, gross, $589.075; net.
beginning Jan. 11897, equal to 1 % of the "bonds issued
on bonds, $108,146; other
hereunder"; bonds $42,752; surplus, $100,625.
interest,
purchased at not exceeding 110. 860.000 not
reported outstanding are V. 98, p. 838; V. 99, p. 815. V. 93, p. 166, 285, 1259, 1599; V.94.p. 982;
held in sk. fd. 2d mtge. bonds are subject to call on any
int, day at par.
ROAD.
ROAD.
-Owns 15.14 miles of road, leases 1.5; second
-Owns 13.5 miles of read; gauge. 4
track, 1.14 miles: 10 open motor cars,
ft. 834 in.. 60-70--lb. T
sidings. .59 miles; total. 18.37 miles of track. 27
11 open trailers,
rails;
cars.
5 power stations and 9 sub-stations; 13 closed motor car and 1 palace')
188 miles transmission
-:
lines.




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Towns using both Electricity and Gas_
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SEPT., 1914.]

ELECTRIC RAILWAYS

III

OFFICERS.-Pres., Chas. E. Johnson, Raleigh; V.
-P's, H. H. Carr and chase shall be
E. Clifford Potter; See. and Treas., E. P. Summerson, N. Y.; Asst. Sec. ($29,300,000) equal to 5% of amt. of bonds to be issued. The remainder
Issued for improvements, &c.. at 80% of the cost. If
and Asst. Treas., L. W. Osborne, N. Y.
-V. 90. p. 1361: V. 92, p. 185, hunts., &c., are made on leased
property, amts. of bonds issued shall not
1177; V. 93, p. 166, 285, 1259, 1599; V. 94, p. 982; V. 98, p. 838; V. 99, p. exceed 70% of
cost. The $29,300,000 may also
815.
let M. bonds of other corporations deposited with be issued to purchase
trustee
than 75% of stock of each corporation is owned by the provided not less
(1) Asheville Power & Light Co.
company.
Car trusts certs. Ser. "A",
ORGANIZATION.-Incorp. on Mch. 25 1912 in North Carolina as silo- paid off; subj. to call on any due $7,500 semi-ann. to Jan. 1 1922; $30,000
int, date at 101 and Int. on 60 days' notice.
cessor to the Asheville Electric Co. All the common stock is owned by Secured on 36 cars costing
Carolina Power & Light Co. Does entire commercial and municipal electric- trustee until entire issue is approximately $215,000, title remaining with
paid off.
light, gas and street railway business of Asheville, and its suburbs. All
REPORT.
-For year end. Dec. 31 1913, gross, $1,819,854; net after
franchises, except for lg miles of street railway expiring In 1952,are per- taxes,
$808,580; int., rentals, &c.,$691,248; surplus, $117,332.
petual.
ROAD.
-System embraces 218 miles of track.
Interest. Outstanding. Maturity
STOCK AND BONDSDate.
-V. 96. p. 1022; V. 97,
p. 1824, 1899.
Common $1,000,000 ($100)--$1,000.000
Pt $1,000.000($100) 7% cum- OFFICERS.-Pres., Norman McD. Crawford; V.
500,000 Oct.'14.1
-Ps., Jos. B. Taylor
and F. V. Henshaw; Sec. & Asst.
1,100,000 Apr. 1 1942
First mortgage $5,000,000 g1 1912
5 g A-0
Treas., J. R. Fusselman; Gen. Mgrs..
($1,000)
c• tf'Int. at U.S. Mtge. & Tr. Co., N. Y.. Trustee. W. S. Barstow & Co. Inc.. New York.
Stock.
-All the common stock is held by the Carolina Power & Lt. Co.
Bonds.-Remalning bonds are issuable at 80% of cost of permanent imp'ts
(a) United Traction (of Reading).
or add'ns when net earnings are twice int. charges. Subj. to call as a whole
In 1899 control acquired by the
United Power de Transportation Co.
or in part for sinking fund at 105 and int. on any int. day. Sinking fund, which holds 7,991 out of
the 8,000
)5% on April 1 1917 to 1922, incl.; 1% 1923 to 1927; 134% 1928 to 1932:2% $75 in 4% collateral trust bonds shares of stock. Stockholders were given
of the Power & Transportation Co. for
1933 to 1941. See V.04, p. 1316.
every $50 of United Traction Co.
Dividends.
-On pref., Initial div.-1 %-paid July 1912; Oct., 14%
Power & Transportation stock. stock held, with right to subscribe to
%;July, 1 %;Oct., 1 )4,%.
In 1913, 7%. In 1914, Jan., 1 Yi %; April,
Lease.
-On
EARNINGS.
-For 12 mos. ending July 31 1914, gross. $427,728; net, (succeeded by April 1 1910 was leased for 900 years to Reading Transit Co•
Reading Transit & Light
after taxes, $196,212; interest, $52,998: surplus, $143,214.
1st year, $195,000 2d year, $200,000 Co.) at annual rental of $175.000 for
3d year and $215,000 annually there-Owns 19.2 miles of standard gauge railway, 46 passenger and after, as well as $1,000 for maintenance of
ROAD.
organization. Reading Transit
assumes all obligations of United Trac.
work cars.
4
Co. and its leased companies.
-P.& Gen.Mgr..H.W.Plum,
OFFICERS.-Pres. Chas.E.Johnson; V.
ORGANIZATION.
mer; Sec. & Treas., E. 1'. Summerson.-V. 94. p. 982, 1187. 1316, 1625; control the Reading -Incorporated in Pa.on Dec. 17 1895 in perpetuity to
Traction,leased
V. 95, p. 110.
stock of the Metropolitan Electric on Jan.1 1898 for 900 years. Owns the
the Neversink Mountain Railway. Co., the Oley Valley Railway Co.,
(2) Yadkin River Power Co.
Is controlled by Carolina Power & Light Co.
Birdsboro St. Ry. Co. The Front Front & Fifth Street By. Co.. and
& Fifth St.
ORGANIZATION.-Incorp. on Mch. 20 1911 in Nor. Caro. as successor from July 1 1903 for Interest on $50,000 bonds By. Is leased for 999 years
and the Birdsboro Street By.
for 999 years from Jan. 1 1904 for
to the Rockingham Power Co..sold at foreclosure. V.93, p. 173. Owns and
interest on the $250,000 bonds.
On Aug. 1 1901 the United Traction
operates hydro-elec. plant on the Yadkin River,lighting and power systems
leased
Wadesboro and Lilesville, N. C., and Cheraw. Ry. of 74 miles for 999 years, for interest onthe Reading & Southwestern
In Rockingham. Hamlet,
$100,000 bonds and 12% on
S. 0.. and electric-power service in Lumberton, N. C. None of the fran- the $130,000 capital stock. Also leases the Adamstown & Mohnsville
Electric By. for 999 years from Jan.
chises expires prior to 1971.
gross receipts, but not in excess of 1 1905. paying as rental 374% of the
$25,000. Stock, $75,000.
STOCK AND BONDSInterest. Outstanding. Maturity.
Date.
On Aug. 1 1906 leased the Boyertown
& Pottstown Street Railway Co.
Stock $4,000,000 ($100)*3,310,000
(completed May
First mtge $15,000,000 gold) 1911
5 g A-0
3,750,000 Apr 1 1941 stock. $72.000, all1908) for 995 years for Interest on bonds and 5% on
of which stock is owned.
($1,000 and $5.000)0 &r ttlint. at Old Colony Tr. Co., Boston, Trustee
STOCK AND BONDSBonds.-RemalnIng bonds are reserved for extensions, &o. Bonds have
Date,
Interest. Outstanding LastDiv.,ctc.
.
Improvement fund of 34% of bonds out from Aug. 1 1916 to 1920, incl., 1% Stock, $400,000 (par $50)
f. p.$400,000
f.
See lease
1921 to 1925, 134% 1926 to 1930, and 2% 1931 to 1940. Subj, to call ass First M coil trust g, 5150,0003 1805
5 g J-J
149,900 Jan. 1 1926
(par $100 & $1,000)-0 cptl Real Estate
whole or in part for Improvement fund on any int. day at 105 and int.
Title Ins. & Tr.. Phila.. Trustee.
Allegheny Valley By stock trf ____
PROPERTY.
-Placed in operation Apr. 1 1912 a 32.000 h. p. develop5 J-J 1
248,000 July 1 1931
certificates *250,000
lInt.at Real Es.T.L&Tr.Co.,Phila., trustee.
ment on Yadkin River. 184 miles transmission lines and 49 miles distriLeased Lines Securities
buting line.
Birdsboro St By II, $250,000f 1904
5 g J-J
250,000 Jan. 1 1934
EARNINGS.
-For 12 months ending July 311914. gross, $288,136; net,
gold ($500 & $1,000)_c_cptl Int. at Colonial
Trust Co.. Reading. Trustee.
$194,586; int, on bonds, $175,000; other int., $9,857; surplus, $9,729.
Boyer Jo P St Ry let 11, $3004 1906
5 g F-A
000($500& $1,000)g-c•cptl Int. at Colonial Trust 300,000 Aug 1 1936
OFFICERS.-Pres. Chas. E. Johnson; Sec., E. P. Summerson; Treas.,
,
Co.. Read Ing,Pa..True
Front&5th St By 1st M $50,-f 1903
-V. 93. p. 1267.
5 g J-J
E. C. Potter; Gen. Mgr., H. H. Carr.
50,000 July 1 1933
000 g ($100& $500)- o'cptlInt. at
Interest paid from Rental Received Colonial Trust Co., Reading, Trustee.
Adam & Mohn first mortgaget 1904
5 g J-J
$75,000 Jan. 1 1935
$75,000, g ($1,000)..r• cpt Int. at Colonial
READING, PENN.
Trust Co., Reading, Trustee.
Controlled Properties -Stoc owned by United
EASTERN POWER & LIGHT CORPORATION.
companies and pay their own bond interest. Traction but are operating
ORGANIZATION.
-Organized in Virginia Mar. 12 1913 to acquire• Met Elect Co 1st M $5,000.-1909
1
5 g A-0
2,660.000 April 1 1939
000g ($500&$1,000)_cscpt Girard Trust
improve and develop street and interurban railways and other public utiliCo., trustee. Int. at Col. Tr.
ties. Properties are owned in Vermont, New Hampshire, Pennsylvania.
Co.,
Oley Valley By first mtge, 1901 Reading.
West Va. and Indiana. Has acquired the following properties.
434 g ,I-J
Reading Transit & Light Co.
$250.000 g 01,0001_0 cptl Int. at Real Est. Title 250.000 July 1 1931
I Clarendon Power Co.
Ins.&Tr.Co.,Phila.,Tr.
City Electric Lighting Co.. VinWest Virginia Trac. & El. Co.
Bonds.
-Collateral trust bonds subject to call at par
Lt. Co. (Vt.).
Colonial Power &
cennes. Ind.
after 3 years. Int.
at company's office. The Birdsboro Street
Ry. bonds may be called begin
jVincennes (Ind.) Electric Co.
Claremont(N. II.) Power Co.
ning Jan. 1 1914 at 105. The Front & Fifth
Claremont (N.11.) Ry. & Ltg. Co
July 1 1913 at 105. They are guaranteed, St. bonds are redeemable on
principal and Interest, by endorsement. The Adamstown & Mohnsville bonds
At Aug. 31 1913 company held securities of the following companies:
are redeemable on Jan. 1
1915 at 105. The Boyertown & Pottstown
Bonds.
Stock.
bonds can be called Aug. 1 1916
Reading Transit & Light Co
*800,000 a$3,350,000 only at 105. Guar., p. & I., by endorsement by United
Traction. Remaining $2,314.000 Metrop. Elec. Co. bonds
West Virginia Traction & Electric Co
1,248,700
are reserved for additions
City Electric Lighting Co. (Vincennes)
200,000
300,000 Subject to call as a whole after April 1 1914 at 110 and int. Sinking fund
of
Claremont Railway di Lighting Co
150,000
144,300 1% of bonds out becomes operative from 1914-1919; 134% from
1919-1928:
Claremont Power Co
a700,000 2% from 1928-1938. $26,000 retired. Bonds are guaranteed p. &
395,000
i. by
Colonial Power & Light Co
283,000
260,500 United Traction.
Clarendon Power Co
280,100
ROAD.
-Operates 91 miles of track in and between
Reading, Womelsdorf, Black Bear and Stony Creek; Reading & Southwestern
Total
$1,828,000 $6,283,600 142
cars.
-V.76, p. 1086, 1302; V. 87, p. 873; V. 88, p. 296; V. . 73-4 miles.
a Preferred and common stock.
90, p. 1172.
The above securities constitute all those outstanding of each co. with the
(a) Reading Traction.
-A trolley road.
exception of the West Va. Trac. & Elec. Co. (of which Eastern Power &
ORGANIZATION.
-Inc. Mar, 9 1893 in Penna. to operate
Lt. Co. has acquired practically all the common stock outstanding) and 157
City Passenger By.and East Reading Passenger By., which it the Reading
shares of Claremont Ry.& Ltg. Co. stock outstanding.
equipped with
The Colonial Power & Lt. Co. and the Claremont Power Co. operate electricity and leased for 99 years, the former from April 1 1893, and the
steam and hydro-electric generating stations, &c., in Cavendish, Man- latter from May 1 1893. On Oct. 1 1894 leased the Reading & Temple
chester and Springfield. Vt., and Claremont, N. if., respectively. The Electric By.for 99 years. On Dec. 20 1895 leased the Reading & WomelsClaremont Ry. & Ltg. Co. does a general passenger, freight
-handling and dorf Electric By. for 99 years; also owns that company's capital stock,
switching business for various manufacturing plants; .franchises unlimited. $500,000. The Reading Traction was leased on Jan. 1 1896 to the United
Vincennes. Ind., companies do entire electric-lighting business In that city; Traction for 900 years at a rental of $10.000 annually for first three
years.
r anchtses satisfactory, expiring in 1931 and 1927.
120.000 for next two, years and 630,000 thereafter.
STOCK AND BONDS- Dale. Interest. Outstanding.
STOCK AND BONDSMaturity.
Date.
Interest. Outstanding. Maturity.
Common $10,000,000($100)_
$5,000,000
Stock, $1,000,000 auth ($50)------3.1
Prof cum $10,000,000($100)
$1,000.000July'14.1 34%
(See text) Q-M 15
2,350,000 Sept'14 134% First mtge, $600,000 gold gill 1803
6 g J-J
500,000 Jan. 1 1933
Cony bonds, 82,350,000 gold j 1913 5 g M-S
2,350,000 Mar 1 1918
Not subject to call
c•1ProvIdent Life & Trust Co.. Phila., Trustee.
($1,000 and $500)___escptlInt. in N. Y.; Equitable
Tr. Co.. N. Y.. trus.
Interest is payable in Philadelphia at Bank of North America and
Stock.-Pref. stock is 6% cum. from Mar. 1 1913
in
comes 7% cum. $2,350,000 reserved for convertibleand Mar. 1 1916 be- Reading at the office of the company and Colonial Trust Co. Bonds are
bonds.
ence for both assets and divs. and equal voting power with Has prefer- listed on the Phila. Stock Exchange. V. 88, p. 749.
corn. Pref.
Dirzdends.-in 1000, 2%; In 1901, 234%; in 1902-1913 inclusive.
stock is subject to call after Mar. 1 1916 at $125 per share.
3%
per annum; in 1914, Jan., 134%.
Dividends.
-Initial dIv. on pref.-14%-paid June 15 1913.
LEASED LINES SECUR'S. Date.
Same
amount guar. since to and incl. Sept. 1914.
Interest. Outstand'g. LastDiv.,die.
Reading City Passenger RyBonds.-Conv. at par into 7% cum, participating prof.
Stock (see below) (par $50)- ---stock at
$350,000 See text.
J-J
on or after Mar. 1 1917. Subj. to call at 101 on any int, date onany time East Reading Electric By
30
notice. Tax refundable in Pa. V. 06, p. 1020. 1629. Secured by days'
Stock, full paid (par *50)__ -___
pledge
J-J
100,000 See text.
of all securities of controlled cos. except the pref. stock of the Reading
Bonds, $25,000
cpt 1897
5 J-J
25,000 July 1 1937
Transit & Light Co.
Reading & Temple Electric RyStock, 675,000. guar_ cpt
OFFICERS.-Pres., W. S. Barstow; Gen. Mgrs., W.S. Barstow
7 A-0
73,700 See text.
&
1st mortgage, $75,0001804
-Ps., J. B. Taylor and F. V. Henshaw; Sec.-Treas., Co.,
New York; V.
5 A-0
73,700 Oct 1 1924
A. P. Reading I Womelsd Elec Ry
-V.96, p. 716, 1020, 1629; V. 97, p. 1898.
Tallaferro, N. Y.
i 1895
5 g J-J
400,000 Jan 1 1925
1st mortgage, $400.000.)Real Est. Title
Ins. & Tr. Phila., Trustee.
(1) Reading Transit & Light Co.
gold ($100, dm)
cecpt1 Int. at Colonial Tr. Co.' Reading, Pa.
of
Eastern Power & Light Corp. owns entire common stock.
Dividends on Leased Line Stocks.
-The Reading City Passenger stock
ORGANIZATION.
-Incorporated in Pennsylvania on Mar. 29 1913 as received dividends, 1896 to 1899, inclusive, 10%: 1900
and thereafter 12%.
successor of the Reading Transit Co. V.96, p. 1022. Operates all the elec- East Reading stock received dividends: 1896, 66.500; 1897
to 1900, Inclutric lighting and power business in Reading and Lebanon, and also electric sive, $7,000; thereafter, $8,000. Reading & Temple Electric
pays 7%
urban and interurban rys. in Southern Penna. Leases from Apr. 1 1910 annually in dividends, A. & 0.
for 900 years the United Trac. Co. (Reading). Schuylkill Val. Trac. Co.,
Bonds.
-Reading Trust Co. is trustee for East Reading
Elec. By. bonds
Lebanon Val. St. Ry. and Edison Elec. Illum. Co. of Lebanon. V. 91, subj. to call in 1927. Reading &
Womelsdorf bonds are subject to call
p. 1513. For terms of leases of 1st three roads see separate companies be- Int. on Reading & Temple bnods is payable
low. All the important leases contain options to purchase. Edison Elec. Coupon ($100, $500 and $1,000). Gaugeat Reading Trust Co., trustee,
5 ft. 235 in. Rails 90 lbs.
Ilium. Co. lease calls for rental of $30,000 per annum. Lebanon Valley
ROAD.
-Owned and leased 4834 more of track.
St. Ry. lease calls for $40,000 rental per annum.
V. 84. p. 177: V. 88.
p. 749.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
(b) Schuylkill Valley Traction.
Common $2,650,000 ($50)__
$2,650,000
-Trolley.
6%
Prof cum $1,500,000
See text
The United Power de Transportation Co.
holds $499,500 of the $500,000
($50)_5 J-D
1st ref & impt mtge 650,000.4 1913
1.700,000 Dec 1 1963 capital stock and the entire $100,000 income
bonds.
000 ($1,000, $500)_ _c*cpi Equitable Trust Co., Trustee.
Lease.- Leased for 900 years
Car trusts certificates "A"f 1912
5 J-J 1
120,
000
See text (succeeded by Reading Transit from April 1 1910 to Reading Transit Co.
& Lt. Co.). Rental. $5,000 1st
&lint. at Girard Tr. Co., Phila., trustee.
$150,000 ($1,000)
and 2d years.
$15,000 annually thereafter. and $1,000 annually
for maintaining
Preferred Stock.
-$820.000 has been Issued and is held in treasury of East- tion. Reading Transit & Lt. Co.
also assumes all obligations of organizaern Power & Lt. Corp.; to b issued from time to time for additional work- Valley Trac. and its leased lines.
Schuylkill
ing capital.
ORGANIZATION.-Incorp.in Pa.
Bonds.
-Of the $50,000,000 auth. ($1,700,000 outstanding) $19,000,000 ristown Bridgeport & Conshohocken Sept.8 1893 as successor to the NorTraction Co. Since Jan, 15
reserved to purchase or refit ,underlying securities. None of these bonds controlled and operated the
1895 hat
Conshohocken
can be issued for the purcba
,
stock unelss the net rental at time of pur- Passenger By., the Citizens' Passenger By.,By., the Montgomery County
the C011egeville Electric
Street




ELECTRIC RAILWAYS

112

[VOL. xcrx.

-Controlled by Eastern
(3) Claremont Railway & Lighting Co.
The corporate existence of the
By. and the Norristown Passenger By.
bonds will be taken up Power & Light Corporation.
several companies is to be maintained, but their
-Organized in 1901 and absorbed the Claremont
ORGANIZATION.
as rapidly as possible
freight trolley business between ClareChestnut Hill & NorrisIn Jan. 1902 leased for 950 years the Roxborough Wissahickon Electric Elec. Ltg. Co.; does a passenger and
the
mont Junction on the Connecticut Valley Division of the Boston & Maine
town By., including that company's leases ofElectric
By.
and Claremont.
Passenger By. and the Trappe & Limerick
Interest. Outstanding. Maturity.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS- Date.
STOCK AND BONDS$500,000
$160,000
Capital stock, $160,000__
Stock. $1,000,000 ($50)245,000 Aug. 1945
150,000
5 g F-A
5%
Bonds, $1,000,000
First mortgage, $400,000, g 1895
c Int. at West End Trust Co., Phila .Trustee.
($1,000)
ending Dec. 31 1912, gross, $36,961; net.
-For the year
EARNINGS.
000 ..Aug 1 1949
100,
5 ann.
1899
Income mortgage, $100,000
interest and taxes. $7,509; surplus, $1,086.
cpt West End Trust Co., Philadelphia, TrusMe. $8,595;
($500)..
-P., L. H. Tyng; Sec. & Treas..
, J. B. Taylor; V.
$100,000 has been retired and
Of the $500,000 first mortgage dated 1895,up like amount of the Norris J.OFFICERS.-Pres. S. Barstow & Co., Inc., Mgrs.
R. Fusselman. W.
reserved to take
destroyed, $75,000 has been
town Passenger By. bonds and $80,000 to retire the Citizens' Passenger By.
(4) City Electric Lighting Co. of Vincennes.
bonds.
ORGANIZATION.-Incorp. In Ind. Aug. 1 1899; owns entire stock of
The securities of the subsidiary companies are as follows, including both Vincennes Elec. Co. Supplies light and power to Vincennes, Ind. Franthose held by the public and by the parent company.
chises expire in 1931.
Div. or Mat.
Issued.
Miles. Interest.
COMPANY,&c.Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$79,400 fp 23. Jan'13
Citizens' Pass By stock ($50).. 6
All owned by Eastern Power & Lt. Corp.
-A
80,000 -Feb 1 1925 Stock $300,000 ($100)5gF
$200,000 Apr 28 1943
1st mtge ($500) $80,000 gold{ ___5 g M-S1
1st mtge $200,000. Subj to) 1913
Subject to call at 105 on any hit. date.
guaranteed
call at 105 & lot on 30 dayslEq.Tr.Co., N.Y.,Tr., Int. at co's off., N.Y.
Interest at Norristown Tr. Co.,trustee.
generating plant and trnasmission
No divs.
145,900
5;i
-Consists of 885 k.w,
PROPERTY.
Conshohocken By stock ($50)
July 1 1924 lines; 883 electric meters. Has municipal contract extending to 1920 for
g J-J See text
1st M guar, prin & int,{
cpt Subj. to call at 105. Norristown Tr. Co.,tr. 2,000 c.p. enclosed arc lamps at $33 62.
$250,000
No diva.
150,000
1
-P., Chester W. Adams; Sec. &
Montgomery Co PassRystock
OFFICERS.-Pres., T. H. Adams; V.
1924
See text
6 J-J
-cotj 13i
1st mtge 5150,000
Treas., F. L. Cadou; Gen. Mgrs., W.S. Barstow & Co.. Inc.
lint. at Norristown. Pa. Tr. Co., trustee.
75,000 $2.66 Jan'13
Norristown Pass By stk ($50)_ 4
1923
75,000
6 J-J
cpti 43,1
RICHMOND, VA.
First mortgage
),Int. at Pa.Tr. Co. Norristown,trustee.
VIRGINIA RAILWAY & POWER CO.Conshohocken By. bonds ($100,000) and the Montgomery
-The
Bonds.
ORGANIZATION.-Incorp. In Virginia on July 11909, and is successor
County Passenger By. Issue ($15,000) are held by the Schuylkill Valley to the Virginia Passenger & Power Co. sold at foreclosure May 5 1909.
Traction Co.
V.89,so. 44, 105. The reorganization was under plan given in V.87, p. 347.
On July 1 1911 took over by consolidation the Norfolk & Portsmouth
-Operates 57.08 miles of track, including lines of above-menROAD.
and also Roxborough Chestnut Hill & Norristown. Trac. Co.,(Into which was merged the Norfolk & Atlantic Term. Co. on
tioned companies,
-V.70, June 30 1911) and increased its stock to $12,000,000 corn. and $8,000,000
Gauge 5 ft. 23 inch. Rails 60 and 100-1b. T and girder. 91 cars.
pref; $150 Va. Ry. & Pow. com. was exchanged for each $100 Norf. &
p.281.
Portsm. corn.; the pref, was exchanged share for share. V. 93, p. 106. For
(1.) Roxborough Chestnut Hill & Norristown Ry.-A trolley road.
history of Norf. & Portsm. Trac, organization see "Elec. Ry. Sec." of June
The United Power & Transportation Co. owns 4,938 out of the 4,968 1911. p. 84.
Through acquisition of Norf. & Portsm. Tree the Va. Ry. & Pow. Co.
shares of the capital stock. In Jan. 1902 was leased for 950 years to the
Schuylkill Valley Traction at a rental of $4 50 per share, payable semi-ann. acquired the lease of the Norfolk By. & Lt. Co. for 99 years from June 1
Dec. 2 1985 in Penna. In 1898 leased the 1906, under terms given in that company's statement below. Also the enORGANIZATION.-Incorp.
Ocean
Wissahickon Electric, 33i miles, for 999 years; rental to be 2% on the tire capital ($100.000) stock and ($1,000.000) bonds of the Norfolk de
$145,800 stock for the first two years, 3% for the next six years, 4% for View Railway Co. (19 miles).
& Rappahannock By. the "Seven
On June 29 1912 sold to Richmond
the next seven years and 5% for the rest of the term. Also owns the
Pines, Henrial
$250,000 stock of the Trappe & Limerick Electric Street By.and leases that Pines Line"of railway, 29th and P Sta.. Richmond,to Seven p. 1397.
V.95,
company for 950 years. Comprises 22 miles of track. In June 1898 flied a County,8.88 miles,for cash consideration of $25,000. street railway, elecOwns or controls through lease practically the entire
mortgage for $450,000 to the Real Estate Title Insurance & Trust Co..
Norfolk (all except
Philadelphia, securing 5% gold bonds ($1,000) J. & D. (cPt), due June 1 tric light and power business in Richmond,Petersburg, Interurban railway
an
1926. Issue reduced to $396,000, of which $371,000 was outstanding in line to Virginia Beach , Portsmouth and Berkeley;
connecting Richmond and Petersburg; a line from Norfolk to Sewell's Point.
May 1914. Capital stock auth., $450,000: issued, $248,400; par, $50.
News and Old Point Comfort.
Trappe & Limerick Elec. St. By.5% gold stock certfs. due July 1 1931; where connection is made by ferry to Newport Co., with unlimited(ranch.
the City Gas
int.(J.& J.) at Real Estate Title Ins.& Tr. Co.,trustee. Auth.,$250,000; elec.-light business of Suffolk, Va.;Petersburg By. franchises are perpetual.
-The Manchester &
Franchises.
$249,000. Secured by deposit of $249,000 stock of the
outstanding
1931.
The principal railway franchises in Richmond expire in 1926 and rights
Trappe & Limerick St. By.
The interurban railway franchise expires in 1981. The water power
-Total track, 20% miles; gauge, 5 ft.2% in.Rails, 70 to 90-lb. In Richmond and Petersburg are perpetual. These rights are only partly
ROAD.
more im-V. 62, p. 1042.
girder.
utilized and are capable of a large further development. The in Manportant rights for lighting in Richmond expire in 1927 and 1928 and
(a) Trappe & Limerick Electric Street Ry.
chester in 1931. The Petersburg lighting franchises perpetual. V. 89. • 529.
-Incorporated in Pennsylvania on July 25 1899
ORGANIZATION.
Franchises for street railways in Portsmouth expire In 1026, 1927 and 1932.
Was leased on Dec. 31 1901 to Roxborough Chestnut Hill de Norristown By. Street railway franchises in Norfolk expire in 1944. The electric-lighting
for 950 years at a rental equal to 5% per annum on capital stock, interest on
ranchise In Suffolk expires in 1916.
bonds, taxes and *100 maintenance expenses.
In Jan. 1913 Virginia Supreme Court held company liable for the cost of
Interest. Outstanding. Maturity. paving between and two feet outside the tracks.
Date.
STOCK AND BONDS$250,000
See text.
Stock.$250,000 ($50)
Interest, Outstanding. Maturity.
Date.
STOCK AND BONDS250.000 July 1 1931
g J-J
First mortgage, $250,000, gj 1901
A-0 $11,950,500 Apr. 14. 1)4
Common $12,000,000 ($10()-c*cptlInt. at Real Estate Title Ins. & Tr. Co., Phil. Preferred $8,000,000 ($100)- - 7,699,400 July'14,3%
($1,000)
J-J
11.703,000 July 1 1934
-Are guar., P. & I. by Roxborough Chestnut Hill & Norristown. First and refunding mtge.( 1909
5 g J-J
Bonds.
Int. at Equitable Tr. Co. N. Y. trustee.
_
$15,000,000 g ($1.000)
-Length of line 13.35 miles.
ROAD.
5
JU1Y 1 1320
Richmond Railway & Eleo-1 1890
-A trolley road.
(c) Lebanon Valley Street Rail way.
jMetropolitan Trust Co., New York, Trustee.
trio first mortgage
5,526,000 June 1 1936
5 g J-D
Transit & Lt. Co. for 900 years from April 1 Norf & Portsm 1st mtge $8,- 1 1906
-Leased to Reading
Lease.
int. at Baltimore Trust & Guar. Co., Trustee.
1910. Annual rental of $40.000 and yearly payment of $500 for organiza000,000 ($1,000). gold
500.000 Mch. 1 1929
5 g M-S
Norf & Atlantic Term 1st mtg 1899
tion, as well as taxes and interest on bonds.
llnterest at Alex. Brown & Sons, Baltimore.
$500.000. gold
-Incorporated on June 28 1899 as a consolidation of
ORGANIZATION.
-The pref. stock was entitled to non-eum.dive. of5% up toJan.1
Stock.
& Myerstown Street
the Lebanon de Anusv1lle Street By. and the Lebanon
thereafter to non-cum. dive. up to 6%. Both oom.and pref. are
1914
By. The United Power & Transportation Co. owns all the 10,000 shares listedand the N. Y., Phila. and Balt. Stk. Exchanges. V.92, p. 882, 1033,
on
of the capital stock.
1111. 1375; V.93. p. 230. See official statement to N. Y.Stock Exchange.
Interest. Outstanding. Maturity. V. 92. D. 1118.
Date.
STOCK AND BONDSSee text.
$500,000
-$68,000 of the first and ref. bonds are reserved to retire $32,000
Stock, $500,000 (par 150)Bonds.
500,000 July 1 1929 Richmond Ry.& Electric first mortgage (of which $15,000 are in treasury),
5 g J-J
First mortgage 10-30s, gold! 1899
$500 & $1.000)c cptlInt. at Real Estate Title Ins.& Tr Co.,Phila. together with $36,000 Richmond & Allegheny RR. bonds which matured
($100,
Aug. 1 1911 and are held in treasury pending release of mortgage and
BONDS.-Int. also payable at Valley Nat. Bank, Lebanon, Pa.
$70.000 are in treasury.
for Virginia By. & Power Co. bonds.
-Owns 22.08 miles of track. Gauge 5 ft. 3 in. Rails 50, 75, exchange
ROAD.
and remaining $2.959,000 reserved for future imp'ts, subject to certain re-lb. girder. 23 cars.
& 90
strictions. Sinking fund, % semi-ann. of bonds out from 1914 to 1919
and if% semi-ann. thereafter. Bonds are subj. to call at 105 and int.
(2) West Virginia Traction & Electric Co.
Listed on N. Y., Phila. and Bait. Stock Exch. V. 93,
Controlled by Eastern Power & Light Corp., which owns all of outstand- V. 92, p. 1212.
p.790; V.94,p.125; V.96, p.1425. Unissued Norfolk & Portsmouth let M.
stock.
ing common
bonds of 1906 may be issued for acquisitionff,extensions and Inuits., but not
ORGANIZATION.-Incorp. In West Virginia on July 11 1912 and ac- over *500,000 in any one year. A sk.id. of Si% per ann. of outstanding
Union Utilities Co.
quired the City ea Elm Grove RR. (Wheeling) and the
bonds commences on June 16 1016, which is to be invested in the bonds.
(Morgantown). V.95. p. 177. The City & Elm Grove RR,owned control Are subject to call at 110 and int. on any int, date upon 60 days' notice
Co., the Wheeling & Elm Grove By.. the Wheeling Park Bonds are listed on Phila., Boston, Bait, and Pitts... Stock Exchanges.
of the City Ry.
Water Co. Controls City & Suburban
Assn. and the Suburban Light &
incorp. in Dec. 1912 (auth. capital, V. 83, D. 492.
Gas Co. of Charleston, which was
-On pref., first div.-134 %-paid July 1 1910. In 1911.
Dividends.
$150,000), and took over the Virginia 011 & Gas Co.inOwns and operates 1912 and 1913, 5%. In 1914, Jan., 2W7
0. In July rate was increased
utilities
Morgantown and
(with one unimportant exception) all public and power, water, gas and and 37 was paid. On corn., first div.-1%-paid Oct. 1911. In 1912,
0
adjacent communities, including electric light Wheeling, including
subur- 2%. In 1913, 3%. In 1914, April, 1%%.
operates street railways in
street railways; also
-Of combined properties for year ending June 30.
serving suburban district adjacent
EARNINGS.
ban lines, and a water and light system
1913-14.
1912-13.
1911-12.
1910-11.
-acre park. Franchises: one expires 1927; others
to Wheeling. Owns a 33 perpetual.
65,695,197 64,532,079 60,500,584 57,821,444
Fare passengers
extend beyond 1942 or are
923,137
872,491
1,079,109
926,730
Free passengers
Interest. Outstanding. Maturity
Date.
STOCK AND BONDS.14,752,959 15,245,285 15,906,711 15,922,825
Transfers
$1,250,000
Common $2,000,000 ($100)560,000 - _ _
($100)
Pref $2,000,000 7% cum goldl 1912
81,371,293 80,649,855 77,334,025 74,823,378
5 J-J
1,250,000 July 1 1915
Cony notes $1,250,000
$5,156,048 $4,864,107 $4,558,194 $4,336,206
Gross earnings
te
. xt
($1,000)red at 102 &IntccDtIInt. at Equitable Trust Co. New York, trus. Operating expenses_
2,322,904
2,316,988
2,266,676
2,465,908
See
1942
See text
1912
1st ref & extens M $25,0001
000 gold
$2,690,140 $2,547,119 $2,235,290 $2,069,530
Net earnings
r 1,154,000 July 1 1930
5 g J-J
cons call 1906
46,296
City & Elm Grove
86,704
80,910
69,159
'Int. at Union Trust Co., Pittsburgh, trustee. Other income
sr 3f $2,500,000 g.($1,000)
965,000 Apr 1 1931
5 A-0
Wheeling & Elm Grove 1st MI 1901
$2,771,050 $2,633,823 $2,304,449 $2,115,826
Net income
at Wheeling Title & Tr. Co., trustee
lint. pay.
$1,_000,000
1,193,000 July 1 1944 Taxes, interest, Stc..„ $1,615,460 51,500,501 11,423,202 11,396,943
5 g J-J
1909
100,000
75,000
100,000
100,000
Un. Util. 1st mtge. $1,500,-1
c*JInt. at Farmers'L. & Tr. Co., N. Y.. trustee Depreciation
000 gold ($1,000)
at option
$643,883
-Notes of 1912 are cony. $ for $ at maturity grant thisof holder
$1,055,590 $1,033,321
$781,247
Bonds.
Surplus
privilege
extension mtge. bonds. Company may
Into 1st ref. &
-The company operates about 251 miles of track: It owns real
ROAD.
Notes are secured by pledge of $1,565,000 1st ref. &
on any int. date.
bonds are all that have been issued and bear estate. including valuable park properties. Rails, 05. 100-lb. girder and
extension mtge. bonds. These reserved (bearing either 5% or 8% int.) 60, 70 and 80
-lb. T. Has 554 cars, 1 locomotive and 1 steamboat.
are
bonds
6% int. Remaining extensions and impts. at 85% of cost under certain
-Chairman of Board. Frank Jay Gould, New York: Pres.,
OFFICERS.
for prior liens and for 362. Of the City & Elm Grove cons. coll, trust Thomas S. Wheelwright, Richmond; Vice-Presidents, Fritz Sitterding of
p.
restrictions. V. 95,
Williams, Baltimore; V.
-P. and Gen. Counsel,
liens. Are subj. to call on any
$1,000,000 are reserved to retire prior auth. amount of Wheeling & Richmond and R. Lancaster
bonds,
Henry W. Anderson, Richmond; Sec. & Treas., Geo. B. Williams, Richint. V. 83, p. 491. The
Int. date at 105 and
originally $1,250,000, but was reduced in Sept mond;Asst.Sec.dc Asst. Treas., Geo.H. Taylor, New York; Gen. Aud. &
mtge. was
mtge
Elm Grove By.
1m
V. 83 . 379, 491, 625. Of Union Utilities 1st Red. Asst. Treas., W. J. Kehl; Asst. Gen. And., A. E. Dickson. General
-V. 03, p. 47, 106,
1906 to 51.000,000. reservedfor
pts. and extens. as 75% of cost.
office. Richmond. Va. N. Y. office. 149 Broadway.
112, 751,
bonds,$307.000 are t l day on 30 days' notice. Sinking fund 1% semi- 230, 409, 873, 1260, 1319, 1536, 1790; V. 94, p. 125; V. 95,
ki
ankl
-a.
at 105 and int. on
1041, 1274, 1333, 1397; V. 96,9. 655, 717, 1425; V. 97, P• 1422; V. 98, p.
'setting aside 1% s. and payment of 7% on
ann.of bonds out. s.f.shares equally with any further div. on com. V.90, 1696; V. 99, p. 540, 818.
and 10% on 00121.,
.
N elk lea d
ase o_rfwaaR alizea
p. 373.'
l 1906 to Norfolk & Portsmouth Traction Co.
on Juneht.
in Wheeling and to Elm Grove,
-Operates 39.5 miles of track miles in Morgantown and from
99 years,
ROAD.
Alexander; also 8)4
(since consol. with Va. By. & Pow. Co.) for1 1908, lessee to pay as rental
West
Dec. 1 1906 and June 1
Mills and Sabraton; total track, 48 miles. Standard gauge. Cars: (in addition to all fixed charges) on June
Point
to
forgante
1907, $16,500 on each date; Dec. 1 1907 and June 1 1908, $24,750 on each
motor, 74; misc.. 6.
Dec. 1908, June 1909. Dec. 1909 and June 1910. $33.000 on each date:
-P., A. N.Dutton; Sec.& Treas.. date;
V.
OFFICERS.-Pres.,J. B. Taylor;
1041; V. 96. p. 948; V. Dec. 1910. June 1911. Dec. 1911 and June 1912. $11,250 on each date;
95, p. 177, 298, 362, 619,
Dec. 1912 and thereafter, 249.500 on each June 1 and Dec. 1. V.82.13.1323.
J. R. Fusselman.-V.
98. p. 764.

a1,000) g_




4

SEPT., 1914.]

ELECTRIC RAILWAYS

ORGANIZATION.
-Incorporated in Virginia on Nov. 2 1898 as a con,
solldation of the following. Norfolk Street RR.. Norfolk & Ocean View By..
Virginia Electric Co. and the Berkeley Light & Power Co
Own entire
stock of the Norfolk Light Heat & Power Co. Street railway franchises
expire In 1944, except a small portion of mileage in Norfolk. which expires In
1934. Electric light franchise expires In 1930. The company controls thc
street railway, electric lighting and power business of the city of Norfolk
and owns a line of railway to Willoughby Spit and connects with steamer to
Old Point Comfort; also owns 4,011 shares out of 5,000 shares of the stock
of the City Gas Co. of Norfolk, remaining shares,989,owned by Va. Ry. &
Power Co. On Aug. 30 1904 the City Gas Co. purchased the Berkeley Gas
Co. V. 79, P. 968. Stock is listed on Philadelphia Stoke Exchange.
$1
$1,650,000 June '14,3%
Stock, $1,650,000 ($25)----------10,000 April 1 1928
5 A-0
Virginia Electric Co first mtge.( 1898
$500,000. gold ($1.000)_1 Int. at U. S. Mtge. & Tr. Co., N.Y.. Trustee.
1,040,000 Jan. 1 1944
Norfolk Street first cons mtge,J 1898
5 g J.4
$1,000,000 gold ($1,000)
Int. at Mere. Tr. & Dep. Co., Balt., Trustee.
2,950.000 Nov. 1 1949
5 g 3.1-N
Norfolk By & Lt first cons MI 1899
$4,000,000,g($1,000) s f _c• Int. at International Tr. Co.. Baltimore, Tr.
500,000 June 1926
6 J-D
mortgage__ f ____
City Gas Co first
1U• S. Mortgage & Trust Co., N. Y., Trustee.
first consol. mtge.. $1,050,000 Is reserved
Bonds.
-Of the Norf. By.& Lt.
to retire underlying bonds. Sinking fund began Nov. 1 1909, and provides
for the purchase of 1% of outstanding bonds each year at 110 or less.
See V. 70. 584.
-Included in Va. By. & P. Co. statement.
ROAD AND EQUIPMENT.
-Ps.. Caldwell Hardy
OFFICERS.-Pres., Thomas S. Wheelwright; V.
-V.81. p.508; V,82, 9. 75
Sitterdi rig: See. & Treas., W.J. Kehl.
and F.
1041. 1323.

ROCHESTER, N. 'Y.
-(See Mayon papal 14).
-Of the cornNEW YORK STATE RAILWAYS.
stock, $13,604,300 (also $600 pref.) owned by N. Y. Cent. & H. It. RR.
-Incorporated in New York on March 22 1909 as a
ORGANIZATION.
consolidation of the Rochester Ry. Co.. the Rochester & Sodus Bay By. Co
and the Roth. & Eastern Rapid Ry. Co. (as per plan V. 88, p. 53, 823, 945.
and on Oct. 14 1912 the P.S. Comm.approved the further merger with the
Utica & Mohawk Valley Ry.Oneida By., Syracuse Rapid Transit By. and
Rochester & Suburban By.. all of whose stocks had already been owned.
V.95, p. 1040.
The Rochester Railway was a consolidation of the Rochester City &
Brighton RR., the Cross-Town RR, and the South Park RR., and leased
the Rochester Electric By. from July 1 1894 for 50 years, at a rental of
8% on $200,000 stock, and whenever gross receipts exceed $55,000, onequarter of such excess.
On Mch. 10 1910 Pub. Ser. Comm. authorized an increase in stock from
$23,140,200 to $23,860,200 to be used to take over the Rochester & Suburban By. (stock $420.000), the Rochester Electric By.(stock $200,000) and
the Ontario Light & Traction Co. (stock $100,000). which controls the
Canandaigua Gas Light Co. See V. 90. p. 914, 1425. In Jan. 1912 applied to Public Service Comm.. 2d Dist.. for authority to increase stock to
$24,362,500. V. 94, p. 68. Permission was not granted.
The following is a list of the stocks owned by the New York State Railways
$2.050.000 or 50
SchenectadY Railway Co
of whole amount
300.000" 100
East Side raction Co
64
600"
8
Onondaga County FairAssn
64
10,000
100
"
Syracuse Land & SteamboatCo_ _
4,450 " 100
Syracuse & Valley LandCo
300"100 0
Valley Amusement Co
2,000 " 12.12 "
Utica Field Club
09
Utica Hotel Corporation
1.000 "
Driving Park Land Assn
"
" 100.00 "
$
,
Glen Haven Improvement Co
Traction Co__.._
100,000 " 100.00%
Ontario Light &
174.700 " 87.35 "
Rochter Electric Railway Co
Rochester
14,50es
Canandaigua Gas Light Co
3,050 " 6.1% "
On June 26 1912 the P. S. Comm. authorized the company to execute a
-year mtge. for $50,000,000 (authorized by stocknew 436% first consol. 50
holders on Aug. 24 1912). and on Oct. 28 1912 authorized the issue of
$6,925,000 of the bonds to refund $4,500,000 bonds of 1910 and to cover
purchase of remaining Syracuse Rap. Tran. By. com. and pref. stock not
already owned, and to reimburse treasury for previous expenditures for
Syracuse pref. stock. V. 95, p. 48; V. 94. p. 1384. 768. In March and
Nov. 1913 the P. S. Comm. auth. the sale of $5,621,000 additional 1st
consols. to provide for the discharge of notes and matured bonds of the
company and its constituents (V. 96, p. 790), of which $2,000,000 have
been issued.
Franchises in Rochester are practically perpetual and exclusive. with
exception of a few extensions which run for 50 years.
Contract for Power.
-Power for all lines is supplied under a long-term contract with the Roch. By. & Lt. Co., whose entire corn. stock Is owned by
Mohawk Valley Co.(in turn owned by N. Y. C. & H. R. RR.). The Roch.
By. & Lt. Co. has the following securities: Stock auth. and issued. $6,500,000 corn, and $3,000,000 pref. Consol. M. 55, dated 1904. auth.. $16,000,000; issued, $9.401.000. See V. 92, p. 730.
STOCK AND BONDSDate. Interest.
Oufstandlno. Maturity.
Common $19.997,700 ($100)__
Q-J
$19,952,400 Oct.'14, 1
Prof $3,862,500($100) 5% cum __
3,862,500 Oct.'14, 1
Q-J
1st cons M Ser A $50.000,000/ 1912
4%g M-N 12.525,000 Nov 1 1962
gold (81.000)
c*Scro_ Security Trust Co. of Rochester, trustee.
Interest at Treasurer's office. New York.
Rochester By Consolidated) 1890 5 g A-0
2,700,000 April 1
Mortgage 83.000,000 (81.- ;Interest at Treasurer's office, New York.1930
000) gold
o)Mercantile Trust Co.. New York. Trustee.
Roch By 2d M. 11,500,0001 1893
5 g J-D
1,500,000 Dec. 1 1933
gold ($1.000)
c• Int. at Security Tr. Co.. Rochester. Trustee.
Rochester City do B 1st mtge 1889
6 A-0
175,000 AprI11 1919
8500.000($500)
Interest at
Utica & Mohawk Vail 1st Nil 1901 4 Rochester Trust & Safe Dep.
M S
2,268,000 Sept I 1941
Co.
$4,000,000 gold ($1,000) JInterest at
Forbes & Co.. N. Y • New
o•
cannot be called) York
Harris.New York. trustee."
Co..
Utica Belt let mtg 8500,0001 1889 Trust N
5M
500.000 Nov 1 1939
Interest at N. Y. Trust Co., N. Y., trustee.
Utica Belt 2d mtg $200.000 1891
5JJ
39.000 Jan 1 1931
gold ($500)
cj Interest at N. Y. Trust Co., N. Y.. trustee.
'
Herk Mo Ilion & Frankfortl 1895
5 g J-J
150,000 Jan
mtge it $150,000 ($1.000)c•l/nt.at Farmers'Loan & Tr Co.. N. Y., 1 1926
Trust
Syr B T 1st M ($3.250.000) 1896
5 g M-S
2.500,000 Mch 1 1946
gold ($1,000)_____ _____ c• Guaranty Trust Co., New York, trustee.
do 2d M $750,000($1,000) 1900
5 gJJ
654,000 Jan 1 1930
gold
c*jInt. at Citizens sav.& Tr. Co.,Clev.,trustee.
People's RR. nrst mort.,f 1891
5J J
750,000 Jan 1 1921
gold ($750,000)
I Interest at Merchants' Nat. Bank. Syracuse.
East Side Traction lot ALI 1899
5J D
250.000 June
$250.000 ($1,000) gold_ 4 Int. at Citizens Sav. & Tr. Co., Cleve., 1 1929
trustee.
Real estate mortgages _______
40,000
Ontario Lt. & Traction Co.
Ontario L. & Tr. lot mtge. 1901
3% MN
4,000 May 1 1927
$10,000 ($500)
c a R.C.Leffingwell,Trustee.
Canandaigua El L & RR let 1897
354 J-J
150,000 July 1 1927
mtge $150,000($500)_c b Int. at Citizens Contr. Nat. Bk., N. Y. C.
Canandaigua El L & lift 1st 1897
6 J-J
35,000 July 1 1927
mtge $50.000 ($500)
c b Int. at Citizens Contr. Nat. Elk.. N. Y.C.
a Int. is payable to the Mosawk Valley Co. Only.
b Rochester Trust & Safe Dep. Co.. Rochester, N. Y., trustee.
-Preferred stock can be ncreased only with
Stock.
consent
thirds of outstanding preferred stock, and holders are to have rightof twoto take
their proportionate shares ot such increase. Stock is subject to call at 11
upon any dlv. day on 30 days' notice. V. 88. p 945. Both stocks are
lsted on N. Y. Stock Exch. See official statement. V. 92, p. 951.
-Of the first cnnsol. bonds, $13,486,000 are reserved to retire
Bonds.
$11,486.000 underlying bonds and $2,000,000 Schenectady By. let 4;45.
of the remaining bonds $202,000 are for corporate purposes on approval of
board of directors, and $23,766,000 may be issued for equip.,impts., &c.,to
the extent of 00% of the cost,and for acquisitions at actual cost, provided in
each case that the annual net income(Ind. net inc. on securities owned)shall
be 1;6 times the annual int. charge on all bonds,incl. underlying bonds then
outstanding and any additional first consols desired to be issued.
Ser. A
bonds are red. at 105 and Int, on or after Nov. 1 1913 on 60 days' notice.




113

V. 95, p. 1208; are listed on N. Y. Stock Exchange. $300,000 Rochester
By. consol. mtge. bonds are reserved to retire Roch. City & B. RR. bonds.
Roch. By. 2d M. bonds cannot be called.
Of the Utica & Mohawk bonds,$689,000 are reserved for underlying liens,
and the remainder ($1,043,000) for future additions at the rate of 75% of
cost, but only when net earnings for preceding year amount to double the
int. charge on all bonds. incl. those to be issued. V. 73, p. 1265. The
$161,000 unissued 2d M. bonds of Utica Belt Line have been canceled.
Of the Syracuse Rapid Trap, bonds, $750,000 are reserved
retire the
People's RR. firsts. Of the second mtge. bonds, $96,000 are to the comin
pany's treasury; these bonds are subject to call on any interest date.
Dividends.-lh% on pref. paid July 1909 and quar.since to and incl.
Oct.1914. On com., initial div.-1 34 %-paid July 1910 and quer since
and including July 1914. In October rate was reduced and 1% was paid.
REPORT.
-Combined statement of operations for years end. Dec. 31
(after allowing for inter-company charges). For 1913 report, see V.98. p.301.
1913.
1912.
1913.
1912.
Gross earnings_ _7,796,228 7,542,195 Schenec. Ry.stir.,
Exps.& deprec'n4,848.413 4.666.839 N.Y.S•Rys.proTaxes
502,779 452,654 portion, 509 __
61,151
75,007
Out. L.&Tr. Co.
Net earnings_2,445,036 2,422,702 sur.,N.Y.S.Rys.
Non-op. rev.(net) 170,100
173,434
proper.. 100%
4.447
3.356
Gross income_2,615,136 2,596.136 Tot.net income1,453,950
1.541.055
Deduct interest
Deduct
and rents____1,240,640 1,119,588 Pref.divs (5%)_ 193,125
193,125
Com.divs.(69)1.196,820 1,196,820
Net income__1,374,496 1.476,548 Balance, surplus
64,005
151,110
ROAD.
-On Dec. 31 1913. operated 340.06 miles of railway, of
which
270.60 miles owned and 69.46 miles leased. Miles main single
track,565.52
(Of which 420.15 miles owned and 145.37 leased); sidings, 22.61 miles; total
track mileage. 588.13. Miles of railway owned, leased and
subsid. cos., in addition to mileage operated directly by N. Y. operated by
State Rys.:
Owned. Leased. Operated.
a Rochester Electric Railway
4.80
a Ontario Light & Traction Company
2.73
b Schenectady Railway Co
59.78
9.58
611.55
a East Side Traction Company
6.44
Total
73.75
9.58
69.38
a Leased to N. Y. State Rys. b N. Y. State Rys. owns a half
interest.
Has 858 passenger, 26 express and 116 other cars and 40 snow
-plows:
total, 1040.
OFFICERS.-Pres., Horace E. Andrews, New York: V.
-Ps., John
stensen, William K. Vanderbilt Jr., Walter N. Kernan and R. M. CarSearle
Treas.. Edward L. Rosslter, N.Y.; Sec.& Gen. Aud., J. C.Collins. Rochester; Asst. Treas., C. A.Tucker, Rochester: Asst. Sec.. H. L. Reichert. N.Y.
-V. 90. p. 698. 914. 1296, 1425; V. 91. p. 1711; V. 92, p. 527, 726,
951:
V. 93, p. 1387, 1788; V. 94, p. 68. 623, 768. 1057. 1250, 1384, 1508. 1566;
V.95,p.48.361,1040,1208.1403:V.96.p.4133, 653. 790:V. 98, p.913,1684.
(1) Schenectady Rallway.-A trolley road.
Entire stock was purchased in Feb. 1905 Jointly by the N. Y. Central
& IL R. RR.and the Del. & Bud. Co., one-half by each. V.80. p. 652.
The former company transferred Its interest to the Mohawk Valley Co..
which latter, however, in 1908 transferred the stock back again to New
York Central as per plan in V. 87,p. 286. 545. and stock Is now held by
New York State Rya. as per plan V.88. p. 54.
ORGANIZATION.-Incorporated In New York. A reorganization
Feb. 11 1805 of the Schenectady Street By. Co.. which was chartered on
In
1888. Controls the entire street railway business in Schenectady and
suburbs. Has trackage rights over the United Traction Co.'s tracks into
Albany and Troy. Franchises perpetual. Formerly owned all the stock
of
the Schenectady Illuminating Co., which was deposited as additional security for the bonds of 1901; also entire stock of the Mohawk Gas Co..
deposited under consolidated mortgage. On Aug. 1 1904, hon.ver. the company assigned and sold its assets relating to Schenectady
and Mohawk Gas Co., and the Schenectady Illuminating lhan-inatIng Co.
Co. assumed responsibillty for the liabilities relating to it and the Mohawk Gas Co. Among
other liabilities assumed by the Schenectady Illuminating Co. are the 1.000
consolidated mortgage bonds of this company, numbers 2.001 to 3,000 inclusive, of $1,000 each, aggregating 11,000,000. and which are the only
bonds outstanding under the consolidated mortgage of the Schenectady Ry.
See also V. 97, p. 952 and 954.
Favorable Decision Regarding Fares.
-On May 21 1914 the P. S. Comm.
dismissed the complaint of the city against the company in which an order
was asked compelling the company to sell six tickets for a quarter instead
of a straight rate of five cents. V. 98, p. 1609.
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity.
Stock $7,000,000 ($100)_
$4,100,000 Dec.'13, 1 ;4
1st mortgage $2,000,000 gold{ 1901 434 g 3,1-S
2,000,000 Sept 1 1941
($1,000)
c• tf Int. at Mercantile Trust Co.. N. Y., Trustee.
May be red. on & aft. Sept. 1 1911 at110& int.
Cons mortgage $7,500,0001 1903 434 g M-N
See text. May 1 1953.
gold ($1,000)
0 tfi U. S. Mortgage & Trust Co.. N. Y., Trustee.
lint. and prin. at Harris, Forbes & Co.. N. Y.
-Under the arrangement with the Schenectady Ilium. Co. noted
Bonds.
above, no more bonds can be Issued under the 87,500.000 consol. mtge. beyond the 81,000,000 now outstanding. A sinking fund of 1 % of bonds outstanding (including the first mtge. bonds) commences in 20 years, to be used
to retire either issue of bonds. See V.76 p.266 1086.
div.-24%-in 1906: 1907 and 1908, none: In
1909,4%; 1910, 63.4%; 1911 & 1912,6%;1913, Mar.,134%: June, 136%;
Oct., 13.4 %; Dec.. 134%.
EARNINGS.
-For year ending Dec. 31 1913, gross, $1,393,503; net
after taxes. $496,321: other income.$2.679; charges.$102.987; dive.,$246,000: surplus, $150.013.
ROAD.
-Operates 138.06 miles of track, including extensions to Albany,
Troy. Ballston. &c. Has trackage rights on 25.31 111110I. 70. 75. 73 and
80-lb. T. and girder rail. The Delaware & Hudson completed July 4 1907
an additional track on Its own right of way from Ballston to Saratoga, to
be operated by electricity in connection with the Schenectady By. Has
agreement with Fonda Johnstown & Gloversville By. Co. (electric division)
whereby latter company operates its cars into Schenectady. Does a
package express business through controlled Electric! Express Co. Operates
185 motor and 33 other cars.
OFFICERS.-Pres., Clifford S. Sims; V.
-P., Horace E. Andrews; Gen.
Mgr., .J, F. Hamilton: Sec.. Treas. & Purch. Agt., J. It. Altkin;
Gen. Aud.,
J.C.Collins, Rochester; Aud.,F.E.Belleville.
-V.88,p.54: V.97,p.952.
V. 98. p. 301, 1609.
ROCHESTER & MANITOU RR.
ORGANIZATION.
-Incorporated on Aug. 12 1908. Acquired property of
the Rochester Charlotte & Manitou. sold at foreclosure July 21
1908.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Stock $60.000 ($100)
$60,000
First mortgage $60,000 goicil 1909
5g
58,000 May
($500 and 11.000)_ _c*_ ntfjint. at Security Trust Co.. Rochester, 1 1929
trustee
BONDS.
-$2,000 bonds remain unissued. No sink. fund. Bonds
are
subject to call at 105 and int, on and after May 1 1914 on 8 weeks'
notice.
OFFICERS.-Pres.. Henry W. Wedel; Sec. and Treas..
Kendall B
Castle; Supt., Geo. M. Wegman.-V. 87, p. 545: V. 88, p.
1314.

ROCKLAND, ME.

ROCKLAND THOMASTON & CAMDEN STREET
RAILWAY.
-An
electric road.
Control Purchased.
-Maynard S. Bird & Co., investment
bankers, Portland, me. and Hugh J. Chisholm,
owner of the Rumford Falls Light &
Water Cci., and the Rumford Falls Power Co.
have purchased control of
this property. V. 98, p. 1246.
In Feb. 1901 consolidated with the Knox Gas &
new mortgage for $800,000, from the proceeds of Electric Co., and made a
which the old bond Issues
of both companies were retired.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity,
Stock. 8400.000 ($100)__
$400.000 In'12-13,5%
lit mortgage, $800,000,gold). 1901
4 g J-J
($500 and $1,000) _c-c ptjInt. at Union S. D.& 800.000 Jan 1 1921
Tr. Co., Portland ,Trus

Remsen
0

FFALO

Attica

Blasdeil
REFERENCE
STREET RAILWAYS
INTERURBAN

NEW YORK CENTRAL LINES
SCALE OF MAIN MAP
0
5
16
25




-4

W.

st OnonOga
Jamesville
Otondaga Co.
Peuitentlary

nu. Lake

SEPT.. 1914.1

ELECTRIC RAILWAYS

115

The gross earns. of the controlled St. Jos. & Savannah Interurb. By. for
-No sinking fund and bonds cannot be called.
Bonds.
the cal. year 1912 were 556,202 net earnings, 519,296, and surplus over
-Operates 23.925 miles of track from Warren through Thomaston fixed
ROAD.
charges, $1,205.
In Sept. 1901 purchased 'Oaklands,"
to Rockland. Rockport and Camden.
ROAD.
-On Dec. 31 1913 operated 48.7 miles of track on single-track
a park of 75 acres, for purposes of a pleasure resort. 31 passenger, 1 exbasis. 145 motor and 41 trail cars.
press car,8 freight cars, 2 work cars and 3 snow plows.
EARNINGS.
OFFICERS.-Pres.. F. W. Frueauff, N. Y. City; V.
-For year end. June 301913.gross. $229.946; net,566.783.
-P. & Gen. Mgr.,
OFFICERS.-Pres.(temporary), Wm.T.Cobb,Rockland, Me.; Mana- J. H. Van Brunt, St. Joseph; Sec. & Treas., C. E. Foster, St. Joseph.
Transfer Agents of Stock.
Engineer, M.J. Neall.-V. 72. p. 392; V. 98. p. 1246.
ging
-E. W. Clark & Co.. Philadelphia, Pa., and
J. II. Van Brunt, St. Joseph.
-V. 84, p. 1248; V. 87, p. 1358. 1421. 1476;
V. 94, p. 1187; V. 95, p. 1542; V. 96, p. 136, 361. 417, 1090, 1157; V. 97.
p. 366; V. 98, p. 840.

ROME, GA.
-A trolley
ROME RAILWAY & LIGHT CO.

road.
ORGANIZATION.
-Incorporated In Georgia on Dec. 28 1906, and Is a
Electric By. V. 83. p. 1591. Furnishes light
reorganization of the City
and power to city and private Individuals. Franchise expires 1985. On
Jan. 21 1909 RR. Commission authorized the issuance of 5750.000 bonds.
Interest, Outstanding. Maturity.
STOCK AND BONDS- Date.
P-J
1500.000 Oct 14. 1%
Stock, $500,000 ($100)
---5 g J-J
500.000 Jan 1 1937
mtge. $500,000, ----- 1907
1st
cjInt. at Col. Trust Co.. Louisville. Trustee.
($1,000)
5 g J-J
207.000 Jan 1 1937
Ref. & consol. mtge 5750.0001 1909
cjInt. at Columbia Tr. Co.. Louisville. trustee.
gold
-The first mtge. bonds have no sinking fund, but can be called
Bonds.
at 105 and int. upon 6 months' notice. V. 93, p. 590. $500.000 ref. and
oonsol. mtge. bonds are reserved for prior liens; remainder is for extensions.
Dietdends.-In 1909, 2%; 1910. 1%; 1911. 3%; in 1912, 6%. In 1913.
5%;in 1914, Jan., 1%; April, 1%;July,1%; Oct.,1%.
EARNINGS.
-For cal. year 1913, gross, 5194,423; net. 167.555; fixed
charges, $35,500; surplus. 532,205.
-Operates 12.1 miles of track In Rome, including extensions to
ROAD.
Lindale and Scales Works. Standard gauge 90-1b. girder and 60 & 70-1b.
T rails.
OFFICERS.-Pres., S. A. Culbertson; V.
-P. and Gen. Mgr.. S. S. Bush.
Geo. W. Lewis, all of Louisville, Ky.: Supt. H.3. Arnold,
See. and
-V.88.p.
Rome. Treas.. 101, 565; V. 92, p. 596; V. 93, p. 590. 1726.

ROSLYN, LONG ISLAND, N. Y.
NEW YORK & NORTH SHORE TRACTION CO.
ORGANIZATION .-Incorporated in New York on Aug. 6 1902 as the
Mineola Roslyn & Port Washington Traction Co. In itch. 1912 Public
Service Comm. approved the making of a new mtge. and the issuance of
$810,000 thereunder (part to be used to retire present bonds): also the issuance of $757,500 additional stock (V. 94, p. 698; V. 93, p. 940). None of
the new securities has yet been issued.
In Dec. 1913 P. S. Comm. was asked to sanction the issuance of 5115,464
additional stock (V. 97, p. 1824), making $872 904 authorized.
Date.
STOCK AND BONDSInterest. Outstanding. Maturity.
Stock. 51.250,000 (550)--------$150,000
-New mtge $3,000,000 g red at! 1912
itch 1 1952
102 on any interest day_ __ICItIzens' Say. & Tr. Co., elev.. trustee.
5 g M-S
First mortgage. 51,000,000 1907
350,000 Sept 1 1947
c• Citizens' Say. de Tr. Co., Cleve.. Trustee.
gold (51,000)
rtonds.-Fiemaining 1st M. bonds of 1907 are reserved for cxtens. and
equip. Subj. to call at 102 and Int, on any int. date. Inc. at office trustee
or its agency In New York
-Operates from Flushing to Whitestone and from Flushing
ROAD.
through BaysIde, Douglaston, Little Neck, Manhasset. Roslyn, Mineola
and Westbury to Hicksville, with branch to Port Washinet•sn. Total track.
excluding sidings and turnouts, about 3734 miles.
OFFICERS.-Pres. Sr Gen. Mgr., Geo. A. Stanley; V.
-P., Benj. A.
Hegeman Jr.; Sec., Jas. A. MeElhinney, N Y.; Treas.. Geo. F. Scofield.
.
V.91,p. 871; V.93. p. 940; V.94, p. 698; V.07, p.1824.

ST. ALBANS, VT.
ST. ALBANS!& SWANTON TRACTION CO.
-A

ST. LOUIS, MO.
UNITED RAILWAYS CO. OF ST. LOUIS.
Is controlled by North American Co. of New York.
ORGANIZATION.
-Incorporated in Missouri on March 11 1898 as the
Central Traction
but changed its name to above on July 10 1899.
On Dec. 31 1906 absorbed the St. Louis & Suburban By., giving its pref.
Co..
stock, share for share, for the stock of that company. The United RYs•
guarantees the $4,500,000 gen. mtge. bonds of the St. L. & Sub. By. See
V 83, p. $9; V. 84, p. 105. In 1908 acquired a controlling interest In the
Missouri Electric Co., successor to the St. Louis St. Charles & Western
RR., which was sold at foreclosure in July 1905.
The United Rys. Co. comprises all the street car lines in operation in St.
Louis. Franchise in St. Louis expires April 12 1948. It was originally
leased to the St. Louis Transit Co.. but under a readjustment arranged in
Oct. 1904 by Messrs. Brown Bros. & Co.(V. 79, p. 133$) the lease was canceled and the $17,264,300 stock of that company nearly all exchanged for
voting trustees' certificates for common stock of the United Rys. Co. on the
basis of $500 Transit stock for $200 voting trustees' certificates. Voting
trust has expired and common stock has been issued for trust certificates.
Under this plan, the 120.000,000 refund, and impt. mtge. bonds of the
St. Louis Transit Co., of which $8,000,000 had been issued, were canceled.
and in their place the same company issued $10,000,000 of 5% improvement
bonds, guar, by the United Rys. Co. of St. Louis, this guaranty being secured by a mortgage on all of that company's property next in rank to that
of Its general mtge. These improvement bonds are now the only outstanding security of the Transit Co. Of this issue. $8,000,000 took the place of
the $8,000,000 ref. and impr. bonds above mentioned, and the remaining
52,000,000 went to the syndicate as part consideration for 57,000.000 of
cash which it provided for taking up at maturity on Nov. 1 1904 the $5,776,000 3
-year collateral trust notes of the Transit Co., and for meeting the cost
of street paving required on the part of the city, and other improvements.
Tax Decision.
-In Oct. 1912 judgments were rendered in the State Circuit
Court aggregating 51.546,000 for taxes from 1904 to 1911, but an appeal has
been taken to the Missouri Supreme Court (V. 95. p. 1124; V.94, p. 418).
which was to have been argued at the Oct. 1913 term.
Contract for Power.-During 1912. the contract for power entered into
in 1903 with the Union Elec. Lt. & P.Co. having nearly terminated , made a
continuing contract for power with the Miss. River Power Distributing Co.
Universal Transfers.
-The now system of universal transfers went into
effect July 1 1914 under the ordinance passed some time ago. V.99, P. 50.
STOCK AND BONDSMaturity.
Interest. Outstanding.
Date.
Stock, corn, $25.000,000 ($100)
$24.913,800
Stock preferred 5% cum.1
$20,000.000 ($100) _ _ - ....I ____
l93i
tez
t
5 Q-J
Gen 1st Mtge 542,000,000 1899
july1e
$1,532,000
4 g J-J 16,383,2008e
(51,000) gold
c*tf Int. at St. Louis-Union Trust Co., Trustee.
Cannot be called.
or at North Amer. Co., New York.
1904
5 g A-0 9,860,000
Oct 1 1924
Int. at Mercantile Tr. Co., St. Louis,Trustee.
Improvement bonds, gold
or at North American Go., New York.
(81.000), St. Louis Transit Guar., prin. es int.. by Un. Rys. Co.. said
Co
guar. secured by gen. second mtge, on
c* tf
entire system.
Stocks and Bonds.-Ot the $20,000.000 authorized preferred stock. $3.603,300 is held in the treasury. Preferred was listed on New York
Stock Exchange on June 1 1905. Of the $45.000,000 gen. 1st mortgage
bonds originally
authorized,
$3,000,000, which
bad been previously reserved for the purpose of retiring bonds of the St. L. & Sub. System, In case of purchase, have been canceled, making the total authorized
issue now $42,000,000, of which $10.118.000 are reserved for the retirement
of underlying liens and 5300,000 are in treasury. Of the amt. reported
outstanding the company owns $1,133,000. The bonds are secured by
all the stocks of the constituent companies, and by direct mtge, lien upon
their property and franchises. In 1903 the gen. mtge. bonds were listed
on the N Y. and Philadelphia stock exchanges (see V. 76, p. 980; V. 89, p.
995), and in April 1906 the St. Louis Transit Co. impt. bonds were listed
on the N. Y. Stock Exch. Of the impt. bonds, $140,000 are in treasury.

trolley road.
ORGANIZATION.-Incorp. in May 1912 in Vermont as successor to the
St. Albans Street Ry., sold at foreclosure on April 27 1912. Controls entire
-railway business in St. Albans and Swanton. Charter permits the
street
carrying of baggage, express and mall; also the right to operate street railways In Franklin and Chittenden counties, Vermont.
EARNINGS.
-Of St. Albans Street Ry., for calendar year 1913, gross,
BOND ISSUES OF CONSTITUENT COMPANIES.
$33,777; 1912, gross, $31,930.
Date.
Lindell SystemInterest. Outstanding. Maturity.
ROAD.
-Operates 13 miles of track from Village of St. Albans Bay on
Lake Champlain, to City of St.Albans, and to Swanton; 60-lb. T rail.- Lindell By 1st M 51,500,000 1891 434 g F-A $1,500,000 Aug 1 1921
csntf1
gold (51,000) _ __c*Jorntf Interest payable in New York and St. Louis.
OFFICERS.-Pres., John W. Ogden, Malden, Mass.; V.
-P., Fuller C.
5 g J-J
1,000,000 July 1 1923
Smith. St. Albans; Sec., Elmer Johnson, St. Albans; Treas., Walter R. Comp'n H U D & M 1' 1st M 1893
($1,000)g,(extended)
Int. at Mercantile Tr. Co., St. Louis,
Dame,Clinton, Mass.; Gen. Mgr., F.0 Wilkinson.
Union Depot System
Union Depot RR Cons Mtgel 1893
3,500,000 June 1 1918
6 g J-D
$3,500,000 gold
csntf(Int. at Miss. Valley Trust Co., St Louis
.
Southern Electric System
ST. JOSEPH, MO.
500,000 May 1 1915
6 3-3
Southern By corsol mtge 1890
ST. JOSEPH RAILWAY, LIGHT. HEAT & POWER CO.
$500,000
tf Int. at St. Louis Un. Tr. Co.; also in N.Y.
On Jan. 1 1913 the Cities Service Co. acquired
South Bloc Ry mtge $200.000 1896
200,000 Aug 1 1916
5gF
-A
of over 91% of the common stock. See V.95. control through acquisition
($1,000) gold
elf JInt. at Miss. Valley Trust Co.. St. Louis.
p. 1542. II. L. Doherty &
Co. guarantee the 5% div. on the outstanding pref.
National .Systemstock. V. 96, p. 136.
See also V. 97, p. 366.
1,948,000 May 1 1920
44 M-N
St Louis RR 1st mtge curl 1890
ntffInt. at Miss. Valley Trust Co., St. Louis.
Cass($1A,0v0e0
ORGANIZATION.
-Incorporated In
on Nov.
1,800,000 July 1 1922
)& Fair Grounds 1st) 1892
434 g J-J
acquired the following properties: The St.MissouriTraction & 17 1895 and
Joseph
extended it $2,000,000 g1Northern Trust Co., Chicago, Trustee.
People's Ry. Light & Power Co., Citizens' By. Co.. Union Lighting Co..
($1,000) sink fund, guar Int. at Mercantile Tr. Co., t. L., Guar, Tr.
Joseph 6: Lake By. Co. and Wyatt Park By. Co. ComprisesBy. Co.. St.
entire street
prin & lot (Nat By)c• ntf
Co., N.Y., or office of dor. Am. Co., N.Y.
railways, commercial electric light, power and heating
and vicinity. Controls through stock ownership the systems of St. Joseph
St.Louts & Suburban System
St. Jos. & Savannah
Interurb. By., operating a line 12 miles north to Savannah. Principal St Louis Cable Se Western Ily1 1884
600,000 Nov 1 1914
6 M-N
1st mortgage (currency) ntfjInt. at Farmers' L. & Tr. Co., N. Y. City
railway
are perpetual; others expire from 1935 to
Electric fight, power and beating franchises are perpetual. Owns a1958. St Louis es Suburban cons.M_( 1891
light,
1,400,000 Feb 1 1921
5 g F-A
park
of 250 acres on Lake Contrary. V. 75, p. 1032. Bonds are listed on the
$2.000,000. g(11,000)c•ntfl Interest at Amer. Tr. Co., Boston. TrusN. Y., Phila. and Loulsv. stock exchanges.
t tee; redeem. at 105 any Interest date.
During 1912 a contract was made with the Kansas City Clay County & StL&MRRy 1st M $1,000,-) 1896
6 g M-N
1,000.000 May 8 1916
000, g($1.000).guar p &I by }Interest at Mississippi Valley Trust CornSt. Joseph By.(see under "Kansas City") under which that company's cars
St L & Sub.endorsed c*ntf) pany. St. Louis, Trustee.
from Kansas City will be operated over the tracks of this company.
St L & Sub gen mtge $7,500,-1 1903
4,500.000 April 1 1923
5 g A-0
STOCK AND BONDS.- Date.
interest. Outstanding
Maturity.
000 gold ($1,000) guar c*tfjInt. at Miss. Val, Tr, Co. St. Louis, Trustee.
Corn. stock 53,500,000 (5100)Q-M
$3,500,000
See text
Of the St. Louis & Sub. By. mortgage for $7,500,000, $3,000,000 are re•
Prof stock 5% cumulativel
5 Q-J
1,560,000 Sop'14.1
served to retire prior liens. V.76, p. 332. The St. Louis & Meramec River
12.500.000 (5100)
1st mtge 55.000,000 goldf 1902
5 g M-N
5.000,000 Nov 1 1937 In April 1903 made a new mortgage for $3,000,000, of which $2,000,000 was
($1,000)
deposited with the trustees as additional security under the general mortc*_cpt Interest at Redmond de Co., New York.
StJos&Sav Int 1st M $2,000,-f 1910
gage of 1903, the remaining $1,000,000 being reserved to take up the
5g A-0
326,000 April 1
000 g($1,000)zu p&I o• eptiEmplre Trust Co., St. Joseph, trustee.1940 of 1916. St. Louis RR, bonds originally were 5% bonds, maturing first 6s
May 1
Bonds
.-Trustees are Equitable Trust Co., N. Y., and Missouri Valley 1910, but they were extended for 10 years to May 1 1920 at 434%.V.90,p.448.
The Lindell By. 1st mtge. were originally 5% bonds maturing Aug. 1
Trust Co.,St.Joseph. Bonds cannot be called. V.75, p. 1032.
1911.
ing St. Jos. & Say. Inter. Ity. bonds are reserved for add'ns and Remain- but were extended 10 yrs. to Aug. 1 1921 at 434%. V. 93, p. 106. Cass
extens. at Ave. & Fair Grounds 1st M. were originally 5s maturing
85% of cost and for acquisitions. Sub', to call at 10234 and inf.
July 1 1912, but
on any they were extended for 10 years at 4)4%.
int. day on 60 days' notice. No sk.fd. Int. at co.'s office or at its agency
in V.94. p. 913, 1509, 1764. Comp'n Heights $200.000 have been redeemed.
St. Jos. or Phila. Bonds are guar. by St. Jos. By., Lt., Ht. & Pow.
Un. Dep.& Mer.
Co.
were originally 68, due July 1 1913, but were extended 10 Term. 1st M.
years at 5%.
Dividends.
-5% per annum has been regularly paid on pref. stock
V.06, p.1774. Red. after July
Oct. 1902 up to and including Sept. 1914. First div. on cons, stock from p. & 1. guar. by United Rys. St.1 1914 at 1024 and int. on 60 days' notice,
Louis Union Trust Co., trustee.
Dec. 1908, 1%; in 1909, 2%; 1910, 2%: In 1911, 2%. In 1912, paid
!Itch.,
Dividends.-Ftret div.. of 134 % on pref.. April 10 1900, and
%; June. 4%; Sept.,
%; Dec., 4%. A div. at the rate of 2% per
the same
annum was paid Feb. 1 1913 for the 2 mos. succeeding the regular payment amount guar. to July 11 1910,1nel.; none since. V.01, p. 718; V.93. p. 591.
in Dec. 1912.
ROAD.
-On Jan. 1 1914 owned total of 462.07 miles Of track
(including
the St. Louis & Suburban). of which 349.55 miles are
in the city and 112.52
REPORT.
-For years end. Dec. 31,
In the country
YearGross.
Net.
Int. vt Taxes. Surplus.
EQUIPMENT.
-Hu 1,358 passenger
191$
$1,252.904
$540,676
$241,365
5209,311 express cars, 8 snowplows and 33 snow cars, 9 special cars. 10 mall and 7
1912
1,179,839
-sweepers, 2 electric locomotives and
566,345
291,589
274,758 162 service cars of various kinds. Total,
1,589.




ELECTRIC RAILWAYS

116

[VOL. xcrx.

-For the calendar years (St. Louis & Suburban Ry.included).
REPORT.
Report for 1913 in V. 08, p. 983.
1912.
1911.
1913.
1910.
Revenue pass. carried_ _253,158,476 244,386,564 238,240.795 230,691,532
Transfer passengers____123,266,765 113,001,983 110,293,228 104,904,281
$12,702,645 $12,251,091 $11,914,153 $11,537,774
Gross earnings
Deduct-Oper. exp____} $8,573,617 17,828,5021 $6,145,945 $6,096,794
I 1,191,415
1,153,778
Depreciation
653,674
652,222
652,702
655,531
Taxes

STOCK AND BONDSDate.
Interest. Outstanding, Maturity.
Common $1,000,000
$1,000,000
Pref $500,000 (6% non-cum)500,000
First mtge, $2,000,000 gold 1909
5gF
-A
1,350.000 Feb. 1 1934
($1.000)
OfInt. at Harris Tr. & Say. Bk.. Chic., trustee.
Bonds.-Flret mtge. bonds are subj, to call at 105 and int,
Feb. 1 1914. Remaining bonds can be Issued under certainon and after
restrictions
for extensions and additions.
EARNINGS.
-For fiscal year end. July 31 1913, gross, $409,698 net,
$3,475,353 $3,770,367 $3,924,091 $3,631,671 after taxes, $163,827; int., $57,500; balance, $106,327.
Net earnings
ROAD.
-Operates a high-speed-interurban railway, 3544 miles, between
64,917
44.730
43,067
Other Income..84,350
Salt Lake City and Ogden. 18 motor cars, 2 electric locomotives and 1
$3,559,703 $3.835,285 13,968,821 13,674,738 work car.
Total net income._
OFFICERS.-Pres., Simon Bamberger; V.
-P., Julian 1st, Bamberger,
Deductions
-V.88, p. 625; V. 93, p. 872;
$2,651,013 $2,695,001 $2,715,931 $2,726,726 Sec. & Treas., J. B. Bean; Aud., W.E.Jones.
Interest on bonds
9,660
1,196
67,017 V. 97, p. 1427.
Miscellaneous interest
24,375
(23)409,580
Divs. on preferred stock
OGDEN LOGAN & IDAHO RR.
Total deductions____ $2,660,673 $2,696,197 $2,740,306 $3,203,323
ORGANIZATION.-This company is in process of organization (no
$471,415
Surplus
$899,031 $1,139,088 $1,228,515
stock or bonds issued up to Sept. 1 1914) to merge the Ogden (Utah) Rapid
OFFICERS.-Pres. and Gen. Mgr., Robt. McCulloch; V.
-P. and Asst. Transit Co. (V. 99, p. 748, 675) and the Logan Rapid Transit Co. The
Gen. Mgr., Richard McCulloch; Sec. and Treas.. James Adkins; Auditor, Ogden Rapid Transit Co. operates 50 miles of electric track and 6 miles of
H. P. Taylor. Directors: J. I. Beggs, J. Campbell, Murray Carleton. Robt. steam and the Logan Rapid Transit Co. (controlled by the Ogden Rapid
McCulloch. H. S. Priest, D. R. Francis Jr., Richard McCulloch, C. H. Transit Co.) operates 144.1, miles of track.
Huttig, A. D. Brown, Festus J. Wade and Wm. J. KInsella.-V. 89, P.
Ogden Rapid Transit Co.
995, 1224, 1349; V. 90, p. 367, 448, 504, 1426; V. 91, p. 718; V. 92, p.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
264, 319. 727, 1110: V. 93. p. 106, 347, 591; V. 94, p. 353, 413. 418, 913.
1250. 1509. 1764; V. 95, p. 1124, 1404, 1543; V. 96,p.647,1703,1774, 1025; Stock
$308,975
1st mtge gold bonds (V 88, pf 1909
5 g J-J
965,000 Jan 1 1929
V. 98, p. 388, 454, 612, 683; V. 99, p. 50.
1062; V 99, p 675)
'Int. at Ogden Say. Bank, Trustee.
ROAD,&c.
-The Ogden Rapid Transit Co. operates 50 miles of electric
and 6 miles of steam track. An extension from Ogden to Preston is now
(1) Missouri Electric RR.
partly under construction. See V. 99. p. 748.
Controlled by United Rys. Co. of St. Louis.
ORGANIZATION.
-Incorporated in July 1908 In Missouri and took
over property of St. Louis St. Charles & Western RR., sold at foreclosure
sale July 24 1905, on behalf of a syndicate. Stock, $1.000.000. all outstanding. A $1,000.000 mtge. has been made to Mercantile Trust Co. of St.
SAN ANTONIO, TEX.
Louis, as trustee, of which $700,000 are outstanding. Company operates
SOUTHERN LIGHT & TRACTION CO.
about 20 miles of track between St. Louis and St. Charles. Gauge 4 ft.
Controlled by the American Light & Traction Co.
10 in.
60 and 70-lb. T and girder rail. Pres., Robert McCulloch.
-V.87, p. 226, 480.
ORGANIZATION.
-Incorporated in New Jersey Sept. 6 1899 to "hold
stocks, bonds and other securities," and Is largely interested In the electric
railroad and the electric and gas lighting companies in San Antonio. CapiST. LOUIS & ST. CHARLES BRIDGE CO.
tal stock (formerly $2,500,000) is all owned by American Light & Traction
-Incorporated on Dec. 22 1908 as successor to the Co. Amount was reduced to $2.500 on June 2 1904
ORGANIZATION.
In March 1914 holders of the $1,968,000 coll, trust bonds were notified
St. Charles & St. Louis County Bridge Co., whose property was bid In at
foreclosure sale on Feb. 29 1908. for the bondholders, at $300.000. V. 86. to present their bonds at the N. Y. Trust Co., N. Y., and receive in exp. 669. The Missouri Electric pays the Bridge Co. 5 cents for each passenger change therefor bonds of the San Antonio Traction Co.and the San Antonio
Gas & Elec. Co. as follows: To each holder of a $1,000 bond of Southern Lt.
crossing the bridge.
& Trac. Co. will be distributed one 1st M.$500 bond of the San
Interest. Outstanding. MaturUS• Trac. Co. and one $500 bond of the Gas & Elec. Co. See V. 98, p.Antonio
Date.
STOCK AND BONDS1073.
$200,000
Stock, $200,000 ($100) STOCK AND PONDSDate.
Interest. Outstanding.
Maturity.
200,000 Jan. 1 1929 Stock, $2,500
let mortgage $300.000 ($500) 1909 5 g J-J
510c.)
$2,500
_
(Commonwealth Trust Co., trustee.
gold
Col trust. 12,500,000, goldl 1899
5 g 11-S
1.968.000 Sept 1 1949
2050
-$100,000 bonds are reserved for betterments; subject to call at
Bonds.
(31,000): no 5. f
c*IInt. at Emerson McMillin & Co., N. Y.
105 after Jan. 1 1914.
San Antonio Trac. 3984.000) 1908
5 ki-S
984,000 Sept 1 1949
let mortgage, gold
-Bridge across Missouri River 2,700 feet long, between City
New York Trust Co., trustee.
PROPERTY.
San Antonio Gas & Elec.1 1908
5 M-S
984,000 Sept 1 1949
of St. Charles and St. Louis County, was opened April 22 1904.
1984,000 1st M., gold_ ..1
New York Trust Co.. trustee.
OFFICERS.-Pres., W. C. Fordyce; Sec. & Treas., W. V. Delahunt.Bonds.
-The coll, trust bonds are secured by deposit with the New York
V. 86, y. 669; V. 87, p. 227; V. 88, p. 56.
Trust Co. of N. Y., as trustee, of all the company's holdings of bonds of its
constituent cos., and are red. at 105 on 6 mos.' notice; $532.000 have been
retired. Both the San Antonio Trac. bonds and the San Antonio Gas &
Electric bonds were issued to retire underlying bonds. V. 88, p. 687.
SALT LAKE CITY, UTAH.
ROAD.
-Owns and operates 79 m.of single track in City of San Antonio.
SALT LAKE LIGHT & TRACTION CO.
REPORT.
-Figures now included In the American Light & Traction Co.
ORGANIZATION.-Incorp.in Utah in Aug. 1914 with $1,000,000 auth.
OFFICERS.-Pres., Emerson McMillin; V.
-P., Philip Lehman; Sec..
stock and owns 98% of the common and preferred stocks of the Utah Light
-V. 94, p. 280
& Railway Co. (see just below) formerly owned by the Union Pacific C. N. Jelliffe; Treas.. A. P. Lathrop, 40 Wall St., N. Y.
through the Oregon Short Line RR. It is understood that the Salt Lake V. 96, p. 1841: V. 98, p. 1073.
Light & Traction Co. will later take over the title to the property. The
$1,000,000 stock of the Salt Lake Light & Traction Co., it is understood
will be acquired by the Utah Power & Light Co., a large operating
SAN DIEGO, CAL.
company with auth. stock as follows: $5,000,000 7% cum. pref. stock, $10,000,000 7% cum. 2d pref., and $30,000,000 common, of which $3,000,000
SAN DIEGO ELECTRIC R Y.
-A trolley road.
pref., $783,700 2d pref. and $25,000,000 common is outstanding. All the
ORGANIZATION. ETC.
-Began operation in 1892, and in March 1898
issued stock of this company is owned by the Utah Securities Corp. ($35,- purchased Citizens' fraction Co. at foreclosure sale. In 1905 sold Its
000,000 stock auth., $30,775,100 out'g, and $30,000,000 coll. trust 6s due electric-power business to a new company-the United Light, Fuel is Power
Sept. 151922, of which $22,035,000 is out). The Utah Power & Light Co. Co. V. 81, p. 559. In 1908 purchased the elec,ric line of .be Coronado RR.
will finance the acquisition by means of its own treasury funds and securi- In 1909 acquired the South Park & East Side By. Owns 63.49 miles of main
ties on hand. No securities to be issued at present.
track. Standard gauge; 60-lb T rail and 114-1b. Trilby. Has generating
OFFICERS (of Salt Lake Light & Traction Co.).-Pres., 0. J. Salis- capacity of 7,200 k.w. Stock was increased Nov. 1907 from $500,000 to
bury; Vice-Pres., J. B. Walker and C. W. Johnson; Sec., A. H. Parsons; $5,000,000.
-In July 1914 application was made to the P. S. ComNew Bond Issue.
-V. 99, p. 609, 675.
Treas., S. A. Whitney.
mission for authority to create an issue of $10,000,000 general 1st lien 5%
40-year sinking fund gold bonds and to issue $4,484,000 thereof at not less
than 90, to (1) retire the $1,625,000 outstanding bonds of 1909,(2) to pay
UTAH LIGHT Ec RAILWAY CO.
indebtedness on a promissory note of $574,407 and (3) for
In Nov. 1906 control was acquired by Oregon Short Line RR., which construction, &c. See V. 99, p. 122. Shareholders will vote betterments,
on this issue
owned on June 30 1914 51,852,475 common stock,$3,842,875 of pref. stock on Sept. 30 1914. V. 99, p. 675.
and $993,000 of the 1st con. mtge. bonds.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS.
-See Salt Lake Light & Traction
Control
-New Company, &c.
Change of
Stock 15,000,000
$1.250,000
Co. above and V. 99, p. 610, 676.
5 J-J
Gen 1st liens f M,g. $5,000,-1 1909
1,625.000 Jan 2 1934
-Incorporated in Utah on Jan. 2 1904 and is a conORGANIZATION.
Int. at Union Trust Co., San Fran., Trustee.
000($1,000)
Light is Power Co. and the Consolidated Ry. is
solidation of the Utah
-$375.000 have neen redeemed. Tne mtge. provides for annual
Bonds.
Power Co. Operates street railway and electric-light and power systems in payments into sinking fund.
Salt Lake City and electric-light and power and gas systems in Ogden, Utah.
ROAD.
-Operates railway system in San Diego and Coronado aggregatV. 78, p. 104, 344, 704. In Aug. 1905 was granted a new blanket franchise,
24.62 miles of second track and sidings.
covering street railways, and gas and electric lighting in Salt Lake City, ing 63 miles of track, incl. D. Spreckels; V.
OFFICERS.-Pres., J.
-P. is Man. Dlr., Wm.Clayton:
1955. See V. 81, p. 669.
running to July 1
Sec.,Claus Spreckles: Gen.Counsel, Harry L.Titus; Treas.,Claus Spreckels;
In Oct. 1905 holders of Utah Light & Power 4% bonds were offered the Gen. Supt., 13. M. Warner; Supt.. M.J. Perrin; Gen. Aud.,
A.II. Kayser.
of exchange for 5% consols of Utah Light & Ry. We are not -V. 83, p. 380; V. 85, p. 1144; V. 99, p. 122, 675.
privilege
Informed as to number exchanged. Privilege has been withdrawn.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS$1,944,125 July '13 4
Common, $6,000,000 ($25)SANFORD, ME.
3,866,675 July '14 8 0
Pref,8% n-c, $4,000.000 ($25) p1,485,000 Jan 2 1934
5 g J-J
consol M410,000,000,goldl 1904
ATLANTIC SHORE RAILWAY.
ist
WEqultable Trust Co., N. .Y, trustee.
c*
($1,000)
-Incorporated In Maine on Jan. 1 1911 (per plan in
ORGANIZATION.
749,000 Jan 1 1930
5 g J-J
Utah Lt & Power let WI 1900
V. 91, p. 869) as successor to the Atlantic Shore Line By. (sold at fore$750.000 g ($1.000) c•ttfInt. at Central Tr. Co., N. Y. Trustee.
closure Dec. 1 1910), which company was a consolidation in AprIl 1906 of
1,115,000 Jan 1 1930
4 g J-J
Utah Lt & Power con M,1 1900
the old Atlantic Shore Line Ry. and the Portsmouth Dover is York Street
$4,500,000 g ($500) _c• Whit. at Equitable Tr. Co., N. Y., Trustee.
Ry. The former company In April 1904 purchased the Sanford is Cape
5 g J-J
Cons Ry is P let M, $3,000,-1 1901 Equitable Tr. 1,472,000 July 1 1921 Porpoise By., the Mousam River RR. and the Sanford Power Co. In June
Co., N. Y., Trustee.
000 gold ($1,000)___c&r tffInt. at consol. mtge.. enough Is reserved 1909 the Alfred Light is Power Co.was acquired. Does a freight business.
new $10,000,000
-Of the
Bonds.
Second is gen. H. bonds were issued at 80 with 100% stock bonus.
on any interest date after
to retire prior liens. They are subject to call Power
In Feb. 1913 applied to Maine RR. Commissioners for authority to innot
bonds
July 2 1913 at par. The Consolidated Ry. &of 1900 Co. subjectare call cease its stock from $1,000.000 to not more than $2,500,000. V.96, p.419.
are
to
Power 5s
subject to call. The Utah Light &
Date.
STOCK AND BONDS.Interest. Outstanding. Maturity.
& Power consols, $750,000 are
at par and interest. Of the Utah Light
• _
are subject to call at par and interest. Stock $1,000,000 ($100)$1,000,000
reserved for prior liens. These bonds Consolidated Ry. & Power, no further Gen lien II $150,000 red at 1911
5 J-J
150.000 Jan. 1 1931
with
Under the terms of consolidationmortgage beyond 13,350.000.
102 and interest
Issued under this
bonds can be
Refund mtge $2,600 000
1910
See text.
641,750 Jan 1 1941
30 1914, gross, $2,762,469; net AtiSh Line 1st cons M$1,000,-1 1904
5 g A-0
-For year ending June
361,500 Apr 1 1934
EARNINGS.
$883,069; sur., $360,790.
000 g ($500. $1,000) c•-cptfInt. at Columbia Tr. Co., N. Y.. Trustee.
after taxes,$1,243,868; fixed and other charges.,
Atl Sh Linelst M $125,000_cpt 1904
5 J-J
120,000 Jan I 1924
owns and operates 142.63 miles of track: Alf Lt & P 1st mtge,$250,000 1905
-The consol. company
5 g J-J
ROAD.
200,000 July 1 1935
Salt Lake City. Sandy,
($500 and $1.000) _--_cpt Int. at Columbia Tr. Co.. N. Y.. Trustee.
Including double track. sidings, &c.. connecting
and Bountiful. Has 194 passenger cars.
P D is Y let mtge, $650,000, 1903 4 A J-D
Midvale, Murray, Holliday
450,000 June 1923
gold ($1,000)
-P.'
State Street Trust Co., Boston, Trustee.
-P., P. L. Williams: 2d V.
OFFICERS.-Pres., W.H. Bancroft; 1st V.
Knickerbocker P D & Y 2d M and ext, $100,- 1905
5 g J-D
57,000 Apr111 1925
Treas., G. S. Gannett: Sec., F. H. 1172: V. 85, p.
W. S. McCornick:
000
Interest at Augusta, ble., Trust Co.. Trustee.
-V. 83, p.
Browne.
Gen. Mgr.. Jos. S. Wells; And., Will92, p. 597; V.99, p. 610, 676.
P K is Y St By 1st M, $200,.
g M-S
200,000 Mar, 1 1917
p. 1535; V. 89, p. 1598; V.
655; V. 86,
000, gold ($500 and $1,000) Int. at Watery. Tr. Co., Waterville, Me.. Tr.
Sara is Cape Porp'se let Al-cpt 1898
5 J-J
246,000 Jan. 1 1928
Mousam River 1st mtge
1892
6 J-D
59,000
See text.
& OGDEN RAILWAY CO.
SALT LAKE
Bonds.
-Of the refund. bonds, 11,893,500 (Int, rate not to exceed 5%)
28 1910 began op-Incorporated in Utah. On May
ORGANIZATION.
steam. are reserved to
prior to that date road was operated by on pri- additions and retire prior liens, $64.750 (int. rate 4%) are for lmpts. and
erating cars by electricity:
mileage is
remaining 3641.750 (Int. at 4%, pay. for 1st 5 yrs. only If
Shortest of franchises expires in 1955. Practically entire
earned) are outstanding and were exchanged for securities of Atlantic Shore
vate right of way.




1

•

SIWT., 1914.]

ELECTRIC RAILWAYS

Line fly. Up to Dec, 1913 no int. had been earned on these. The
Atl. Shore Line consols of 1904 are subject to call, all or any part, after
ten years, at 105, to be drawn by lot. • See V. 78. p. 2383. The Alfred
Light & Power bonds are subject to call after 1915 at 105. The Portsmouth Dover & York bonds of 1903 can be called after 1913 at 105 and
Interest. The 2nd 55 can be called at par on any interest date. The 6s of
1897 can be called at 105. Mousam River bonds matured Dec. 1 1912. but
have been extended.
ROAD.
-Operates 37 miles of track, connecting Springvale, Sanford,
West Kennebunk. Kennebunk, Kennebunkport and Cape Porpoise with
Biddeford and Saco; thence over connecting lines to Old Orchard and Portland. See V. 81, p. 1549. Also 42 miles of track connecting Port smouth
and Kittery with Dover and South Berwick. including a line to York Beach.
A link from York Beach to Kennebunk, 16 miles, connecting the two
lines was put In operation July 21 1007, thus completing a chain of electric
roads from Boston to Portland. Total, 95,164 nines (Incl. 2.893 miles
leased). Owns 2 water-power plants and 2 steam plants with generating
capacity of 3,000 k. w.; also has several tidewater terminals and 2 casinos.
Has 78 cars, 2 electric locomotives. 1 ferry-boat and 1 steamer; 60. 70 and
-lb. rail.
80
REPORT.
-For calendar year (V. 08, p. 688):
All
Interest on Balance.
Net
Operating
Calendar
Gross
Year- Earnings. Expenses. Earnings. Taxes. Bonds, &c. Deficit.
$7,223
$10,959
$94,429
$90.694
$283,221
1913 _____$373,915
7,026
77,743
23,382
99,778
278,299
1912 ------356,042
-P., Louis B. Goodall; Treas., ConOFFICERS.-Pres., F.0. Conant; V.
stant Southworth; Asst. Treas., S. T. Dow; Aud...T. W. Leavitt; Gen. Mgr.,
L. IT. McCray.-V. 92, p. 1700; V. 96, p. 419; V. 98. p. 688.

SAN FRANCISCO, CAL.

•

-(See Map. page 118.)
PACIFIC GAS & ELECTRIC CO.
A holding company.
-Incorporated in California on Oct. 10 1905. Owns
ORGANIZATION.
in absolute fee the properties formerly owned by California Gas & Eleo.
Corp.. California Central Gas & Elec. Co., Fresno Gas & Elec. Lt. Co.,
Vallejo Gas Co., Sari Francisco Gas & Elite. Co., Mutual Elec. Lt. Co.,
Metropolitan Lt. & Pow. Co., Suburban Lt. & Pow. Co. and Los Gatos Ice.
Gas & Elec. Co.; So. San Francisco Lt. & Pow. Co.; Livermore Water &
Pow. Co.; United Water & Power Co.: Contra Costa El. Lt. & Pow. Co.;
Live Oak & Encinal Lt. & Pow. Co.; E. D. N. Lake Distributing System;
Leonard Pryor Distrib. System; Sebastopol Lt., Water & Pow. Co. D. C.
Gillen Redwood Mfrs. Co. Distrib. System. Also owns in fee the following
companies which were formerly owned by California Gas & Electric Corp.:
San Mateo Power Co.
Bay Counties Power Co.
South Yuba Water Co.
Berkeley Electric Lighting Co.
Standard Electric Co. of California
Blue Lakes Water Co.
Stockton Water Co.
Central California Electric Co.
United GM & Electrio Co.
Oakland Gas Light & Heat Co.
Sacramento Electric, Gas & fly. Co. Valley Counties Power Co.
For assessment on stock, see V. 85. p. 163. 725.
Stockholders voted Oct. 23 1911 to increase auth. COM,stock to $150.000,000 and to make a 1st & ref. mtge.,for not exceeding $150.000,000 bonds, to
refund indebtedness and for other corporate purposes. V.93. p. 1191, 872.
In March 1912 stockholders were offered the right to purchase from an
underwriting syndicate $3,000,000 of new stock at $60 per sh. in proportion
of 1 share for each 10 shares of old stock. First Installment, 20%, payable
on or before May 20 1912, the balance In 4 equal installments approximately
3 months apart. V 94. n. 830. 827.
-On July 1 1914 a plan was approved
Financial Plan-New Stock, &c.
by the Cal. RR. Comm. providing for additional capital for impts.. extensions, refunding, &c., by issuing $12,500,000 first pref. stock ($50,000,000 auth.) at 562 50 per share. Plan was declared operative in Aug. 1914,
as over 70% of the new stock had been subscribed for(V.99,p.538). The
old pref. stock ($10,000,000 auth. and outstanding) became 2nd preferred
and the authorized amount of common was reduced from $150,000,000 to
$100,000,000, thus, with the authorization of the $50,000,000 1st pref.,
and amount of authorized capital stock was not changed. The 2nd pref.
stock is convertible after July 1 1916 into 102%% of 1st roref. About $500,000 of the new stock was subscribed for by employees of the company, the
subscribing employees constituting, it is said, nearly 40% of the permanent
staff (V. 99, p. 199). Consumers also were given the privilege of subscribing to the new stock (V. 99, p. 408). See further details of plan, &c., in
V.08. p. 1846; V. 99, p. 121.
In March 1913 made a contract with theInternational Exposition Co.to
supply exclusively during the next 3 3.5 years all current required for power
and lighting during World's Fair in San Francisco in 1915 and dur ng
construction and dismantling. Estimated requirement. 20,000 h.p. Gross
amount of business estimated at $500.000. Will also supply all gas and
steam needed. V. 96, p. 716.
In April 1913 the California RR. Comm. authorized the company to
purchase the property of the Livermore Water & Power Co. for $242.000.
but refused permission to issue 1.400 shares of common stock at 65 in payment therefor, stating that it had never theretofore allowed stock to be sold
at less than 80. V. 96. p. 1298.
South Yuba Hydro-Elec. Plants.
-In Nov. 1913 the first plant (Drum
No. 1) of the comprehensive South Yuba system of hydro-electric plants
was put in successful operation. The system contemplates an ultimate
development of 200,000 h.p., of which Drum No. 1 plant has a peak
capacity of 33,000 h.p. See V. 97, p. 1584.
Favorable Gas Rate Decision.
-In July 1914 Master in Chancery H. M.
Wright, reversing his former opinion rendered May 16 1914 (V.98, p. 1609),
handed down a decision declaring the 75-cent gas rate fixed by the Board of
Supervisors to be confiscatory. The former opinion held that the 75-cent
gas rate was sufficient to afford the company a fair return on its investment
but the later decision ruled the 75-cent rate Inadequate. V. 98, p.
1609;
V. 99, p. 271.
Decision.
-For decision granting the Great Western Pow. Co. permission
to enter territory already served by Pan. Gas & Beg. Co. see V.94. O.
1764.
On Sept. 25 1913 the Cal. RR.COMM.authorized the issuance
000 1-year 6% notes. See V. 97, p. 957. 887, 803. 444. 365. of $7,000,On Sept. 10 1914 the California RR. Comm. authorized the company
to
issue 51,000,000 gen. & ref. mtge. gold bonds, to be used in connection
with
the filing of certain surety bonds amounting to $700,000. This further
issue is not included in table below. V. 99, p. 609, 817.
STOCK AND BONDSDate. Interest.
Outstanding
Maturity.
com $100,000,000 ($100) _
Q-J 15
$32.109,300Apr.13,1h%
First pref 550,000,000 (6%
cum)$100)
Quay
See text
2d pref 6% cum 610.000.0001
(5100)
Q-F 15
10.000.000 Aug '14. 1
& ref M ($100.000,000) 1911
Gen
5 J-J
24.986.000 Jan 1 1942
gold sinking fund (see Bankers' Tr. Co., N. Y & Frank B. Andere*dir*tif
text)
son, trustees. Int. In N.Y.or San Fran.
General lien notes, $5,000,- 1913
6 g J-J
See text July 1 1923
cs&r tt Guar.Trust Co.. N.Y.,and Wm.C.Cox,Tr
000 ($1,000)
Coll trust notes 67,000,000 1914 5 g M-S 25 7,000,000 Mar 25 1915
($1,000)e*tf F. N. B. Close, Trustee.
5 g M-S
Cal Gas & Elec Corp gen M &I 1903
4,569,000 Mch 1 1933
coil tr $10,000,000 gold }Interest at Mercantile Trust CO., San Fran(11,000) sinking fund_c• tfj cisco, Trustee.
5 g M-N
Calif Gas & Elec Corp unity'g) 1907
20.318.000 Nov 1 1937
and refunding mtge $45.-}Union Tr. Co., San Fran., Tr. Int. at office
c&rtfJ of co., San Fr., or N.W.Halsey&Co.,N.Y.
000,000 gold
Counties Power Co 1st MI 1900
Bay
5 g M-S
1.608.000 Sept 1 1030
gold ($1,000) tf4 In
at Mercantile Trust Co., San Fran12,250.000elms.trustee, or N. W. Halsey & Co.,N.Y.
Bay Counties Power Co 2d MI 1901
6 g A-0
682,000 April 1 1931
$750,000 gold ($1 000)- Ulna. at Union Tr. Co., San Francisco, True.
Nevada Co Eiec 1st M ntf _
6 A-0
171.000 Oct 1 1928
Yuba Elec Power 1st M ntf
6 .I-D
186.000 June 1 1929
Gal Central Gas & Elea Co 1901
5 g F-A
767,000 Aug 1 1931
first mortgage 11.000.000(Interest at Mercantile Trust Co., San Frangold ($1.000) sink fund ntf1 else°. Trustee.
Oakland Gas Light& Heat Col 1891
5 MS 16
989,000 Mch 16 1916
first mort $1,000,000__ntff int. at company's office. San Francisco.
Sacramento Elec Gas & Ry 1 1897
5 g M-N
2.159,000 Nov 1 1927
first mortgage $2,500,000 }Interest at Mercantile Trust Co.. San Fran.,
c ntfl or Guaranty Trust Co New York.
gold ($1,000)
Central Elec Ry first mtgef 1892
6 g J-D
190.000 June 1 1913
$400,000 41.000 & 1500/1
(125.000 due yearly) to June 1 1922
gold
ntf }Int. at Mercantile Tr. Co., San Francisco,
1 Or Union Trust Co., New York.




117

STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Standard Eleo Co 1st M $5.-) 1899
5 g M-S
$2.374,800 Sept 1 1939
000.000 gu min & int by }Int. at Mercantile Trust Co., New York, trueCal Gas & Elec Corp__ ntf) tee, and Crocker Nat. Bk., San Francisco.
Blue Lakes Water 1st mtgel 1893
6 M-S 15
713.000 Mch 15 1938
15.000.000
g DI_J
i Int. 2
l 190 paidtsin S. Y., San Fran. and London.
United Gas & Elec Co 1stnMa
1,697,000 July 1 1932
12.000,000g(11.000)5f.e5tf f Mercantile Trust Co., San Fran., Trustee.
Valley Counties Power Co) 1902
5 g M-N
2,135,000 May 1 1930
first mortgage 12,500.000(Interest at Mercantile Trust Co., San Fran..
gold (11,000) sink fund _ tf1Trustee. or at U. S. Mtge. & Tr. Co., N. Y.
So. Yuba Water Co. cons. M..1 1893
1
. g J-J
1,497,000 July 1 1923
$1,500.000. g ($1.000) -ntf Int. at Farmers' L. & Tr. Co., N. Y.,trustee.
Cent Cal El Co mtge. $5,000.- 1902
5 g M-N
1.000 May 1 1933
000 gold ($1.000)
Mint. at Madison Trust Co.. N. Y., trustee
Suburban Light & Power) 1908
6F
-A
240,000 Aug 1 1938
mtge ($500). No sinking }Int. at office of company. Bankers Trust
fund
c• tiff Co., Oakland. Trustee.
S F G & El gen mtge 110.-1 1903 434 g Af-N
7,237.000 Nov 1 1933
000,000 g (51,000 each) _tf lint. at Union Trust Co., San Fran., Trustee.
Pao Gas Impt mtge, gold) 1900
4 g Q-M
600,000 Sept 1 1930
($1,000 each) sink fundntf!Interest at Union Trust Co., San Francisco.
Edison L & P 1st mtge gold) 1891
6 g Q-F3
Nov 3 1921
($1,000 each)
ntffInterest at office, San Francisco.
Mutual Electric Light Co) 1904
5 J-D
215,000 June 1 1934
first mortgage ($1,000)ctf }Int. at Mercantile Trust Co., San
Fran.. or
.1 United States Mtge. & Trust Co., N. Y.
Metrop Gas Corp ($500)_0 tf 1 1911
5 J-D
1,296,000 Dec 1 1941
Sinking fund $25,000 per }Int. at office of company. Mercantile Trust
annum.
Co., San Francisco Trustee.
Livermore Wat & Pow 1st MI ____
6 J-D
91.000 Sept. 1 1922
..c
Union Trust Co., San Fran.. Trustee.
($500 Mounts of bonds reported as outstanding tn table above arc those in
The a
)
he hands of the public.
Stock.
-The amount of the first pref. stock offered was
in Aug. 1914 over $8,750,000 had been subscribed for. The$12,500,000, and
stock is preferred
as to principal and vividends. Fully paid and not subject to assessment
any purpose. The second pref. stock is convertible, after July 1 1916, for
into
first pref. stock at the rate of 1.024 shares of first pref. for each share of
second pref. V. 98. p. 1846.
I3onds.-General and Refunding Mortgage.
-01 the 1124,014,000 bonds
unissued, 650.499,800, reserved to retire underlying bonds and 560,498,200
for future additions, betterment and extensions. $5,000,000 of these bonds
are pledged as collateral for the coll. trust 5% notes of 1914. $444,000 have
been canceled by s. f. Denom.: Coupon, $1,000; registered, $1,000, $10,000 and multiples. Red. Jan. 1 1937 at par and int. and prior thereto
on any int. date at 105 and int. in blocks of not less than $500,000. Bonds
have a sink. fund of 1% per ann. of face amount of all underlying bonds
and bonds of this issue. See V. 94. P. 351.
General Lien Notes.
-Series"A" bonds convertible at holders' option into
common stock, i.e. (per $100 share): Until June 1 1917, $80; from June 1
1917 to June 1 1919. $85; from June 1 1919 to June 1 1921, $90;from June 1
1921 to July 1 1923, $95. V. 97. p. 522. Entire amount out is deposited
under coll, trust notes.
Coll. Trust Notes.
-Secured by $5,000,000 general lien 6s and $3,572,000
gen.& ref. 5s. V.98, p. 839. Red, any time at 10034 and int.
California Gas d5 Electric Corporation Unifying and Refunding Mortgage
5% Bonds of 1907 are a lien upon all the property and franchises of the
California Gas & Electric Corporation now owned or hereafter acquired.
V. 86. p. 1158. They are also a lien (through a supplementary mtge. executed by the Pacific Gas & Electric Co.).prior to the bond Issues of the
Pacific ,as e5 Electric Co.. upon all the properties of that company except
the properties of the San Fran. Gas & Elec. Co., but includes
properties of the California Central Gas & Electric Co.. Fresno Gas the Electric
&
Lighting Co. and the Vallejo Gas Co.. subject, however, to underlying
mortgages of the Calif. Cent. Gas & Elec. The bonds may be Issued under
four heads-"A.""B.""C" and "D." Series "A" amounts to 630,282.000
of which $8,462,000 have been Issued to retire an equal amount of
underlying bonds which have been deposited under this mtge. Series
"B"
amounts to $3,055,000 and were issued at 90 to refund existing obligations. Series "C" and "D" aggregate $11,663,000, $8,996,000 of which
are Issued. Mortgage has been closed to further issue. V. 86, p.
The bonds are subject to call at 110 and interest upon any interest 980
date
after Nov. 1 1912 upon 60 days' notice. V. 88. p. 1199. The Issuance of additional underlying bonds is prohibited by terms of mtge. An
agreement was executed Jan. 21 1908 providing that all Cal. Gas & Elec.
gen. mtge.and collateral trust bondholders depositing bonds with Mercantile
Trust Co. of San Francisco would be entitled to receive an equal amount of
unifying and ref. bonds, and in addition an amount of common stock of the
Pacific Gas & Elec. equal to 25% of bonds so deposited. V. 86, p. 980.
$4,492,000 gen. M.and coll. tr. bonds were so deposited. Agreement expired
Feb. 1 1909. The mtge. provides that a sink.J und be created and maintained
as follows: 1912 to 1916 incl., $450,000 per ann.; 1917 to 1921 incl., 1550.000
per ann.; 1922 to 1926 inel., $700,000 per annum; 1027 to 1936 inclusive,
$900,000 per annum. This sinking fund will be applied as far as necessary
toward making the Sinking fund payments required by underlying mortgages, and the balance to the purchase for the sinking fund of the bonds
issued under the new mortgage. $195,000 unifying and refunding bonds
are held in sinking fund. Bonds are listed on New York Stock Exchange.
V. 90, p. 1677; V. 93, p. 1191; V. 95, p. 1332.
California Gas (ft Electric Corporation $10,000,000 General Mortgage and
Collateral Trust Bonds are subject to call on any Interest date at 110 and
Interest on four weeks' notice
$4,492,000 were deposited undei the
unifying & ref. mtge. Sinking fund for 5 years, beginning March 1
1904, $150,000 per annum; from 1909 to 1913, $200.000 per annum; 1914
to 1918. 1250.000 per annum; 1919 to 1923. 1300.000 per annum; 1924 to
1928. 1350.000 per annum; 1929 to 1933. 1400,000 per annum. The sald
sinking fund will provide for the sinking funds of the Bay Counties Power
Co.. Calif. Central Gas & Elec. Co.. Sac. Elec. Gas & fly. Co. and Valley
Counties Power Co., and is to be used Initially In redeeming the bonds of
the constituent companies: the remainder for the new $10,000,000 issue.
The bonds redeemed shall be kept alive and bear int. except where the mtges.
of the constituent companies provide for their cancellation: In the event of
the purchase of any of the gen. mtge. and coll. trust $10,000,000 bonds,these
also are to be kept alive; but should any of the latter be called for payment
at 110. the bonds so called are to be canceled. $1,259,000 of this and
underlying issues are now alive in this sinking fund. The general mortgage and collateral trust bonds are secured by deposit (now secured by
physical properties of these companies which have been deeded to the corporation) of practically all the capital stocks of the subsidiary companies,
namely, all of the 36,000 shares of Bay Counties Pow. Co.; all of the 15,000
shares Calif. Cent. Gas & Elec. Co.; all of the 30.000 shares of Oakland Gas
Lt. & Ht. Co.; 18,568 out of 18.584 shares of Sacramento El. Gas & By.
Co.;
all of the 4,898 shares of Fresno Gas & El. Lt. Co.; all of the 50,000 shares
the Standard El. Co.: all of the 22.286 shares of the United Gas ed Elea of
and all of the 1.000 shares ofstock of the Vallejo Gas Co.: also 39,999 Co..
40,000 shares of Sou. Yuba Water Co. stock. In addtion, the Bay out of
Counties Power Co. owns the entire $2,500,000 stock of the
Valley Counties
Power Co., and the United Gas & Electric Co. owns the $1.000,000
stock
of the San Mateo Power Co.
Bay Counties Power Co. $2,250,000 First Mortgage
-$357,000 are
reserved to retire $186.000 Yuba Electric Power Bonds. and
bonds
$171,000
Nevada Electric Power bonds. A sinking fund on the first 5s of 1%
outstanding bonds per annum commenced in 1905 and ran until Juneof
1
1910, on which date and for four years thereafter 1 A % of
bonds out: on
June 1 1915 and for four years thereafter, 2% of
1920 and for tour years thereafter, 234% of bondsbonds out: on June 1
out; on June 1 1925
and thereafter, 3% of bonds outstanding.
sink. fd. The second as are subject to call at$285,000 of this issue alive In
any time at 105. 168,000 are
held In a sinking fund.
California Central Gas & Electric Co. First Mortgage
-A sinking
fund of 2% of bonds outstanding commenced on Aug. Bonds.
1 1902 but bonds
are not subject to call. $237,000 bonds are in sinking fund
.
Oakland Gas Light & Heat Co.
-56.000 of these bonds in sinking fund.
Sacramento Electric.Gas &Railway Co. Bonds.
-Of the $2,500,000 authorized, $190,000 are reserved for Cent. Elec. fly.
been retired. $11,000 alive in s. f.. $25,000 in firsts; $115,000 bonds have
mental mtge. the right to call all or any of the treas. By terms of a supple-.
ded; but this does not affect the right to retirebonds at 103 has been rescinbonds as follows: Front 1902
to 1906, incl., 55,000 per annum; 1907 to 1911,
1912 to 1916, incl., $20,000 per annum; 1917 incl., $10,000 per annum
to
annum; 1922 to 1926, incl., $40,000 per annum. 1921, incl. $30.000 pee
Total, $525,000.
.
Standard Electric Cu. of California First
Mortgage Bonds.
-They are
guaranteed by California Gas de Electric
Corporation by endorsement.

ELECTRIC RAILWAYS

118

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SEPT., 19 1 4.
]

ELECTRIC RAILWAYS

$2,599,000 were retired under unifying & ref. mtge. of California Gas &
Elec. Corp. $24,200 are alive in s. f. and $2,000 are deposited under gen.
& ref. M. Of Blue Lakes Water 1st M. bonds 112.000 are in sinking fund.
-Interest is payable at Crocker-WoolUnited Gas & Electric Co. Bonds.
worth National Bank. San Francisco, or Mercantile Trust Co.. New York.
A sinking fund commences July 1 1907 of 2% of bonds outstanding for the
first 5 years; 3% the next 5 years; 4% the next five years; 5% the next 5
years. and 6% per annum thereafter. $303.000 have been canceled be
sinking fund. Bonds are not subject to call.
Valley Counties Power Co. Bonds are not subject to call. Are guaranteed.
principal and interest, by Bay Counties Power Co. Listed on San Francisco
Stock Exchange in June 1905. V. 80, p. 2625. Commencing Nov. 1 1901
and on Nov. 1 for each succeeding four years, 1% of aggregate amount of
bonds Issued and outstanding is payable to sinking fund,commencing Nov. 1
1910 and for succeeding four years, 134%; commencing with Nov. 1 1915
and for succeeding four years, 2%; commencing Nv It h Nov. 1 1920 and tor
succeeding four years, 234%; commencing with Nov. 1 1925 and for succeeding four years, 3%. 1365,000 bonds now held in sinktno fund.
-Cons. mtge. callable at 110 and Interest.
South Yuba Water Co.
-$848,000 are deposited under unifying
Central California Electric Co.
and ref. mtge. and $1,000 under general & ref. M. Callable at 110 & int.
-$10,000 held alive in allied cos.' sinking funds.
Suburban Lt. & P. Co.
San Fran. Gas & Elec. Co. Gen. Mtge. bonds Nos. 1 to 4,000, incl.. are
subj. to call $100,000 yearly Nov. 1 at 105, by lot. beginning Nov. 1 1906.
$800,000 have been canceled, 1219.000 are held alive in sinking fund of
allied companies and $105.000 retired under gen. & ref. M. Mtge. closed;
no more bonds can be issued for any purpose.
Pacific Gas Impt. Co. mtge. has a sink. fd. of $20,000 ann. 5279,000
have been canceled, $321000 retired under gen.& ref. M.and 150,000 alive
in allied companies' sinking fund.
Mutual El. Lt. Co. bonds haves. f. of 24% per ann. of bonds issued and
out; $31,000 have been canceled and $4,000 in allied companies'sink,fund.
Metropolitan Gas Corp. bonds are red, at par and int. on any int. date.
Sinking fund 172,000 yearly; $50.000 have been canceled.
-Of these $9,000 in sinking fund.
Livermore Wat. & Pow. 1st M. Bonds.
-Total cash and bonds In all sinking funds of Pacific Gas
Sinking Funds.
& Electric Co. and subsidiary cos. Dec. 31 1913. 16,642.144.
Dividends.
-First on pref.($134) was paid April 15 1906; none after that
to Aug. 2 1909, when $4,991,000 corn, stock and $3.160 cash was given in
settlement of cum.divs. amounting to 20%. Stockholders were offered and
accepted 1 share of coin. in lieu of accumulated dive. on each 2 shares of
pref. V. 89. p. 104. In Nov. 1909. 134%. In 1910, Feb., 134% (V. 90.
p. 237), and the same rate has been paid quarterly since to and incl. Aug.
1914. On Nov. 22 1911 directors auth. the issuance of $10,000,000 fully
paid (out of accum. ormolus) corn, stock to corn. stockholders In proportion
of 4 share new stock for each whole share of old stock. V. 93, p. 1453.
Initial cash div. on com.-1 %-paid April 1912. July. l4%; Oct..
14 %. In 1913, Jan., 14%; April, 1 4%. None paid since.
-Combined earnings for calendar years:
EARNINGS.
Bond Int., Pref.Div. Corn. Div. Balance.
Net (after
Total
&c.
Taxes.&c.
Receipts.
(6%). (5%). Surplus.
Year.
1913..__$16,202,337 $6,871,130 $3,902,045 $600.000 $398,848 $1.970,237
1912_ 14,744,651 6,313,490 3,568,943 600,000 1,520,435 623,712
Voluntary rate reductions aggregating more than $1,000,000 were made
during 1912.
-Does the gas and electric lighting heating and power
PROPERTY.
business and sells water for power. Irrigation and domestic purposes in
Central California, including the city of San Francisco. Operations extend into 30 counties, comprising an area of 37.452 square miles, containing
at 1910 Census a population of 1,325,637. System Indio:Jim; 14 hydro
electric and steam generating stations with 233,928 h. p. capacity. 126,500
h.p.additional development under way. 1,531.6 miles of transmission lines
with 3,484.3 miles of distribution lines and 74.9 miles of underground conduits in six cities, 6.721 street arc lamps and 21,321 incandescent street
lamps; 64 reservoirs with storage capacity of 5,453,603,550 Cu.ft.; 17 gas
plants, 2,374.2 miles of mains, supplying 51 communities, gas sold 1913,
7,429,480,300 Cu. ft.: 8.924 gas street lamps. Number of consumers
Dec. 31 1913, gas, 208,269; electric, 132,355; water, 8,511: steam, 282;
entire street railway system of Sacramento, 42 miles of track. Owns 60 cars.
Passengers carried year ending Dec. 31 1913. 12,508,744.
OFFICERS.-Pres., F. G. Drum; V.
-P. & Gen. Mgr., John A. Britton;
-P. & Treas., A. F. IIockenbeamer; Sec. & Asst. Treas.. D. II. Foote;
V.
-V. 98, p. 690, 839, 913, 1246, 1538, 1609,
Asst. Sec.. Chas. L. Barrett.
1760, 1773. 1846, 1920; V. 99, p. 50, 121, 271, 408, 538, 609, 817.

119

holders to subscribe for the new stock, &c., and for further details of the
plan, see V. 98, p. 1073.
STOCK.Last Div.
Interest. Outstanding.
Date.
Common $31,000,000 ($100) _
0 0
12 7 30 ..000 Jan
10..400 0 0
Pref 5% cum from Apr) 1902)
'07, 24.
$25.000,000 ($100)
In scrip
Pref stock div certificates____ ____
1,462,500
See text
1st lien collateral trust mtge, 1906
.
17,300,000 May 1 1926
5g
/20.250,000 gold ($1,000)}Int. at Guar. Trust & Safe Dep. Co.. Phila ,
sinking fund
Fru Co., N. Y.. Trustee.
T Ast
Cony bonds 16,000.000 gold 1 1or N. Y13.
e.3 91O
810.000 June 1 1930
($1.000)
Central Trust Co.. N. Y., trustee.
Notes 13,500.000
1908
1915-1917
6%
1.100.000
Bonds.-Thc coll, trust bonds are secured by deposit of all acquired common stock of the Philadelphia Co. They are subject to call on any interest
date at 105 and interest. A sinking fund of 1% per annum of bonds outt
standing began May 1 1911. said fund to be invested in the bonds anot more than 105 & int. The amount reported outstanding as above inf
eludes $752,000 held by trustee in sink. fund. Authorized amount of
bonds may be increased for purchase of additional shares of corn, stock 0.
Phila. Co. Bonds are listed on N. Y. & Phila. Stock Exchanges. V. 90
v. 169. 172. Cony, bonds are cony. into common stock at par.
The balance of notes of 1908 is secured by 31,571 A00 1st rpref. stock of
United RRs. of San Fran.; they mature $200.000 semi-annually. $200,000
has been paid s. from Feb. 15 1909 to and tad. Aug. 15 1914.
-a.
Stock.
-The preferred stock can be retired at 110. $1,000,000 of the
pref. stock out bears drys. from Sept. 1 1909.
Pref. Stock Div. Certificates.
-Of the $1,462,500 outstanding. $712.500
bear int. at rate of 6% and $750,000 at 5%.
Dividends.
-First div.. 134% on pref. stock, paid Jan. 3 1903; 134 %
81, p. 1607); April, 4 %-owing to the earthquake and are, this dividend
was paid in Interest-bearing scrip instead of cash. V. 82. p. 988. In July
1906 another scrip dividend of 234% paid (V.82, p. 1381). and in Jan '07
another of the same amount; July '07 dividend passed altogether. V. 84.
p. 1429. None since.
REPORT.-For calendar years. Report for 1913 in V. 98. p. 1151.
Totalers.
Calendar Divs. Rec'd
Interest on
Balance.
Yearon Stocks.
Income.
Expenses.
Bonds. ,t.c
Surplus.
1913
$1,998,850
$135,374
$63,727
$906,339
$1,164,158
1912
1.984.172
276078
,.
79068
1.191.538
OFFICERS.
-President, Mason B. Starring; Vice-Pres., Geo. 45
98
Bacon; Sec. and Asst. Treas., W. J. Duane, N. Y.; Treas., B. S. Guinness, N. Y.; Asst. Sec. and Asst. Treas., M. V. R. Weyant; Aud., P. M.
Hoskins.
-V.89, p. 287, 349,529, 847:V. 90.p. 169, 172,378, 1103, 1240.
1297, 1360, 1367, 1556; V. 91,p. 398; V.92, p. 324, 1245; 1307, 1311, 1318;
V. 93, p. 941; V. 94, p. 984. 1310; V. 95. p. 298, 1609; V. 96, p. 63, 655.
1153, 1366; V.97, p.597; V.98, p.1073,1151, 1394, 1539, 1847; V.99,p.344*
(1) The Railroads & Power Development Co.
ORGANIZATION.
-Incorporated In Maine on June 9 1909 with nominal
($1.000) capital stock, which has since been increased to $6,000,000 ($100),
of which $5,501,000 is outstanding. All stock (except directors' shares) is
owned by United Rya. Invest. Co.(V. 88, p. 1314. 1129).In Dec. 1912 disposed of its holdings in the San Francisco Electric Rys., Sierra & San Fran.
Power Co. and Coast Valley Gas & Elec. Co. to the California Ry.& Pow.
Co., and it is proposed eventually to dissolve the company. Owns among
other investments $1,740,000 pref. and $5,836,000 common stock of the
Cal. E.& Power Co.
OFFICERS.-Pres., Mason B. Starring; V.
-P., S. H. March; Sec.
Treas., P. M. Hoskins.
-V. 88, P. 529, 847; V. 90. p. 1364.
(2) California Railway & Power Co.
All the common and pref.stock issued is owned or controlled by the United
Rys. Investment Co.
ORGANIZATION.-Incorp. In Delaware on Dec. 18 1912 to take over
and hold the entire outstanding 1st preferred and common stocks of United
RRs. of San Francisco, and the entire outstanding stocks (except director)
qualrfying shares) of the San Francisco Electric Rys., Sierra & San Francisco
Power Co. and Coast Valleys Gas & Electric Co. These securities had previously been held by the United Rys. Invest. Co. and The Railroads & Pow.
Devel, Co. Also owns 52,000,000 7% notes of the United RRs. of San Fran.
STOCKAuthorized. Outstanding. Last Div.
Common stock
$45,000,000 $40,000,000
Pref.stock,7% cum.,red. at $115
10,000,000
6,874,400 June'14,2%
Prior preference 7% cumulative
5,000,000
2,900,000 Oct.'14, 13
Prior pref.stock is rod. at $115 a share except the first $3,000,000, which
CALIFORNIA STREET CABLE.
ORGANIZATION.
-Chartered Feb. 8 1877. Annual meeting the third will be retired through a cumulative sinking fund $100,000 yearly on Jan. 1
1914 to 1917 and $260,000 annually thereafter. $100,000 was redeemed in
Wednesday in January.
cash Jan. 2 1914 (V. 97, p. 1820, 1662). Additional prior pref. stock may
Outstanding. Maturity. be issued only for additions, betterments, acquisitions, &c. No mortgage
Interest
Date,
STOCK AND BONDSMonthly. $1,000,000 See text.
Stock (par $100)
or other incumbrance may be created that does not provide for the cancella900,000 Jan 1 1915 tion of all prior pref. stock then outstanding. V. 96, p. 61.
5g
First morttrage gold $1,000.-1 1890
ntf(Union Trust Co. of San Francisco, Trustee.
000
Dividends.
-First dlv. on prior pref. stock-1 y,%
-paid April 1 1913;
Dividends were 50 cents monthly, but in Aug. 1902 were increased to 75 July, 131%; Oct.. 11.4%. In 1914, Jan. 1 4%; April, 13.1%; July, 13.1%;
cents monthly, and in Nov. 1904 to 90 cents monthly. On account of Oct.,1%%. In Juno 1914 initial div. of2% was paid on the pref. stock.
OFFICERS.-Pres.. Mason B. Starring; V.
earthquake and fire no dividends were paid from April 1906 to Sept. 1908.
-Ps., Geo. W. Bacon and
when dividends were resumed at 50 cents per share up to May 1909. when G. de B. Greene; Treas.. B. S. Guinness; Sec. & Asst. Treas., P. M. Hoskins; Asst. Sec., C. H. Mann.
600. per share was paid and monthly since to and including Sept 1914.
-V.95, p. 1540, 1744; V. 96, p. 61.651; V.
97, p. 1662, 1820; V. 98, p. 1844.
ROAD.
-Operates 11 miles of track on 534 miles of street.
(a) San Francisco Electric Railways.
OFFICERS.-Pres., J. Henry Meyer: V.
-P., J. C. Coleman; 2d V.
-P.,
Entire stock is owned by California R.& Power Co.
Jas. W. Harris; Sec., Geo. A. IIare; Treas., A. Borel & Co.; Supt., J. W.
Lease.
-In 1910 road was leased to the United RRs. of San Fran. Lease
Harris. Office. San Francisco, Cal.
-V. 82, p. 279; V. 84, p. 101.
provides for all charges, Incl. Int, and sink, fund on bonds. Lessee guar.
prin. and Int. on 1st mtge. bonds. V. 91, p. 464.
UNITF.D RAILWAYS INVESTMENT CO.
ORGAN/ZATION.-Incorporated in 1909 for purpose of acquiring and
ORO ANIZATION.-Incorporated in New Jersey Feb. 17 1902.
In operating other street railways in San Francisco, V. 88, p. 1129. 1314.
Sept. 1906 Med an amendment to Its charter changing Its name from
United In July 1909 acquired the Parkside Elec. Ry. Co.(V. 89, p. 287) and also
Railways Inv. Co. of San Francisco to its present title. V. 81. p.
689. the Visitacion Valley Electric RR. V. 89, p. 529. Owns $9,997,500 comOwns directly or indirectly through stock ownership
common and pref. stock and $169,900 of the 7% prior all the outstanding mon stock of United RRs. of San Francisco.
STOCK AND BONDSthe California Ry. & Power Co. Also owns the stock preference stock of
Interest. Outstanding. Maturttl •
Date,
of The Railroads es Stock, 110.000,000
Power Development Co. V. 89, p. 287, 529. 848.
($100)
$10,000,000
On May 6 1910 shareholders approved a plan (V. 90, p. 1103) to increase First mortgage. $10,000,000_1 1909
1.416,000 Dec. 1934
5
common stock from $25.000,000 to $31,000.000 and to Issue
u p & I by U RRs of S F_ Union Trust Co, San Francisco, trustee.
16,000.000 6%
bonds. convertible Into common stock at par, and also authorized
OFFICERS.-Pres., Lewis F. Byington: V.
-P. John A. Tyrol% Treas..
directors
to utilize a portion of unissued pref. stock to adjust arrears of dividends J. F. Forbes; Sec.. Byington Ford.
-V.89, p. 287. 529; V. 91, p. 464; V.
'
accrued or to accrue on outstanding pref. up to and Including Oct. 1
1911. 95, p. 1609.
V. 90. p. 1103, 1240, 1297.
(b) Sierra & San Francisco Power Co.
Acquisition of Philadelphia Company.
-In Feb. 1906 acquired $21,000,000
Stock is owned by the California Ry.& Power Co.
of the $30,000,000 common stock of the Philadelphia Co. of Pittsburgh,
ORGANIZATION.
giving $37 50 in new coll, trust bonds and $20 in common stock of the In-Incorporated in California on May 29 1909 and on
vestment Co. for each $50 share of the Philadelphia Co. See V. 82, p. 393, Sept. 1 1909 took over the Stanislaus Elec. Pow. Co. and the Tuolumne
988. For statement made in listing these bonds on the Philadelphia Stock Water Power Co., both foreclosed per plan in V.88. p. 235, 569. 1005. 1086.
Exchange, see V. 83, P. 1235. In April 1907 issued 12,400.000 more of Its Has contract extending to 1954 with United RRs. of San Fran. to supply
power to that company.
bonds for stock of the Phila. Co.. bringing the total acquired to $24,200.000
In 1910 reclassified It bonded debt as given below. V. 91, D. 342.
Both common and preferred stocks are listed on the New York and Phila.
Stook Exchanges. V. 75. p. 705; V. 92. p. 1311.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Financial Plan.
-On May 1 1914 stockholders voted to create a committee Stock. $20,000,000 ($100) _
820.000.000
of 9 members (see V. 98, p. 1539) either to carry out the financial plan as First mortgage. $30,000,0001 1909
5 F-A
6 000.00 Aug. 1 1949
0 50 .000
:
0
briefly outlined below (see also V. 98, 0. 1073) or to make such modifigold ($1.000)
c*ScrlInt. at U.B. Mtge.& Tr.Co., N.Y..trustee.
of it as it may deem necessary. V. 98, p. 1394. The plan contem- 2d mtge Ser A & B 19,500,0001 1909
cation
5-6 J-J
8,859,000 Jan 1 1949
plates (a) the ultimate reduction of the co's securities to three classes, viz.,
($1,000)
c*IColumbia Trust Co., N. Y., Trustee.
coll. trust 20-yr. 5% gold bonds (Pittsburgh issue); prior preference stock
Bonds.
-First mtge. bonds are subject to call on any int, date at 110 and
and common stock, (b) the extinguishment of the pref. stock dividend cer- Int. Of the remaining bonds. $1,000,000 may be issued forthwith for additificate, the 6% serial notes and the 6% cony, bonds of 1910; the cancella- tions and extensions and the balance at 80% of cost of extensions
and addition of the trust indenture securing such bonds and the closing of the agree- tions. provided net earnings for previous 12 mos. shall equal twice
Int.
ment securing the coll. trust 5% bonds so that no further bonds may be charge on all outstanding bonds, incl. those to be issued.
V.
issued thereunder. (c) The offering to the pref. stockholders an oppor- The bonds are listed on the N. Y. Stock Exch. Second mtge.91. p. 157.
consists of
tunity to acquire through an exchange for common stock more than a Series "A", $1,000,000, at 6%; $1.000,000 outstanding; and
Series "B,'
1-3 interest in all the equity of the property and to share to that extent in $8.500,000 auth., at 5%, of which $7,859,000 is
any diva. distributed to the common stock. The plan further contemplates bonds Is payable at option of company from July 1out. Int. on Series "B"
1910 until July 1 1916 In
(a) the increase of the auth. corn, stock from $31,000,000 1120,400,000 out- additional Series "B" bonds in lieu of
cash. Up to and Incl. June 1914 int,
standing) to $32,400,000, and the reservation of $12,000,000 thereof to be was paid in bonds.
Issued in partial exchange for shares of the present pref. stock. (b) The
EABNINGS.-For 12 mos.end.Dec.311913,gross,$1,088,775;
immediate reduction of the present authorized issue of pref. stock from
net,after
taxes,
$25,000,000 to $16,000,000, and thereafter the further reduction of such series $583.515; interest (net). $374,385; surplus (before deducting int. on
"B" bonds, paid In bonds, and depreciation),
pref. steels as rapidly as the same may be surrendered for cancellation and
$209,130.
Properly.
-Owns and operates water-power properties
retirement. The plan can be declared operative only after the assent
near San Francisco
of the holders of at least 80% in amount of each class of stock. Up to and a supplementary steam station in that city, which have a combined caSept.9511914Iplan had not been declared operative. For options to stock- pacity of 74.230 h.p. Also leases an additional steam plant of United
14' Rs. of San Fr. In San Francisco of 4,250
h.p. capacity.




[VOL. xcix.

ELECTRIC RAILWAYS

120

MAP OF THE

UNITED RAILROADS

omismoi Cable Lines
Electric Lines

OF

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SAN FRANCISCO.
THREE LINES EXTEND BEYOND THE WESTERLY
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SEPT., 1914.]

•

ELECTRIC RAILWAYS

121

-P. & Gen •
-P.. C. N. Black; V.
ROAD.
OFFICERS.-Pres., G. W. Bacon; V.
-Controls and operates 274.716 miles of track. Before the earthMgr., H. F. Jackson; Sec. & Treas., F. J. Blanchard; Asst. Sec. & Asst. quake and fire in 1906, a part of the mileage consisted of cable lines, but
this has since been changed to overhead trolley, and the greater part(94%)
Treas., T. R. Hilton.
-V.89,P.849, 1416; V. 91. p.157, 218,342; V.92,P
of the system is now operated by electricity.
1315; V. 95, p. 1625. 1750.
FRANCHISES.
-In a report by Haskins & Sells, accountants, It was
stated "that out of the total original mileage of 228.95 miles, the franchises
(c) Coast Valley Gas & Electric Co.
for 11.5431 miles only expire prior to 1929; all others between that year
Stock is owned by California Ry. & Power Co.
and 1952."
ORGANIZATION.-Incorp. on Mch. 20 1912 in California. Has acOFFICERS.-Pres.. Jesse W. Lilienthal; V.
-P.and Gen.Mgr., Chas.N.
quired the properties of the Monterey Gas & Elec. Co., the Monterey County Black; Treas., A. M. Dahler; Sec. & Compt., Geo. B. Willcutt.-V. 89,
Gas & Elec. Co., the Salinas Valley Water Co. and owns all stock p.529, 847; V. 90, p. 509, 1364, 1556; V. 91, p. 338, 465, 872; V. 92, p.
of the Monterey & Pacific Grove RR. Does entire electric and gas business 1249; V. 93, p. 470, 873; V. 94. p. 632, 1697;V. 95, p. 751. 1209, 1609;
in Monterey. Salinas and Pacific Grove; also owns water system of Salinas V. 96, p. 137, 1299, 1490: V. 97, p. 238. 597. 1664; V. 98, p. 238, 691.
and distributing lines in Salinas Vail. and elec. dr water system at King City. 840, 1079, 1246, 1695, 1897; V. 99, p. 344, 408, 676, 818.
Outstanding. Maturity.
Date. Interest.
STOCK AND BONDSPRESIDIO & FERRIES RAILROAD.
-Trolley.
$3.000,000
Common $3,000.000 ($1OO) The city of San Francisco purchased the property and rolling stock for
2,000,000
Pref $2,000,000 ($100) 7%1 ---$323,000 and is now operating it, the franchises having expired Dec. 13
cum from July1 '12; red1101
1913.
900,000 Mch. 1 1952 $40 per All debts have been paid and stockholders received a dividend of
6 g M-S
First M $10,000,000 gold) 1912
share (par $100, of which $55 paid in in liquidation.)
($1,000), ann sk fd of 1% }Interest at Mercantile Trust Co., San Fran.,
NORTHERN ELECTRIC RV.
of bonds out beg Mch '18 c•.1 trustee, or U. S. Mtge. & Tr. Co.. N. Y,
ORGANIZATION.
Bonds.
-Of unissued bonds. $100,000 may be issued for full value of
-Incorporated In California Sept. 19 1907 and ac'mins. and extens., under restrictions, and remaining $9,000,000 are for quired the entire properties of the Northern Electric Company (incorp. In
addns. and extens. at 80% of cost, under restrictions. Bonds are red., all Nevada) and Shasta Southern Ry. Co. Amended articles of incorp. filed
1249.
late in 1912 or early in 1913,show that all, or practically all, of the Capital
or any, on any int. date at 105 and int. V. 94, p.
-For year end. Dec. 31 1913. gross, $227,704; net, after stock Is owned by E. R. Lilienthal, Louis Sloss, W.P. Hammon and E. J.
EARNINGS.
de Sabla Jr. In 1906 Northern Electric Company franchises were said
taxes. $95,603.
-P., Geo. W. Bacon; V.
-P. & Gen. to be for not less than 50 years.
OFFICERS.-Pres., C. N. Black; V.
Extensions.
-During 1911 three new companies were formed, by or in
Mgr., H. F. Jackson; Sec. & Treas.. F. J. Blanchard, all of San Francisco
the interest of this company, preparatory to building extensions to the sys-V.94, p. 989, 1249; V. 95, p. 1610.
tem. viz.: Marysville & Colusa Branch (Marysville to Colusa), 30 miles.
-Trolley. (See Map.9.120.) Stock, $1,500,000; bonds
(d) United Railroads of San Francisco.
-see below-$1,500,000; this was opened
Incorporated In California on March 4 1902 and charter amended March June 15 1913; Sacramento & East. Ry. (Sacramento to Fairbanks and
Orange); West Side RR. (Sacramento to Broderick. Clarksburg and Rio
following stocks:
29 1902. Has acquired the
Vista, 30 miles). The last two companies have $1,000,000 each of
Shares
Par
bonds
Acquired.
Value. and stock authorized. V. 94, p. 279. None of the bonds is out.
Name of companyIn July 1912 Calif. RR. Comm. granted authority to Issue $600,000 more
186,025.27
$100
Market Street Railway Co
19,888
100 of Marysville-Colusa Branch bonds (incl. in amount outstanding below).
Sutter Street Railway Co
22,946
10 V. 95. p. 237. Has applied to issue $500,000 additional.
Sutro Railroad Co_
On Nov.21 1912 the Cal. RR.Comm.granted authority to issue $10.829,10,000
100
San Fran. & San Mateo Electric Ry. Co
000 bonds, of which $5,500,000 to extend the line from Sacramento to
Vallejo. None of these bonds is included in the table. V. 95, p. 1473.
238,859.27
On March 5 1909 filed a certificate of decrease in common stock from On Feb. 19 1913 the Commission auth. the Vallejo & Northern RR. to sell
$20,000,000 to $18,800,000, the United By. Investment Co. having all its property to the Northern Electric Ry. in exchange for $1,000,000
bonds and $2,000.000 capital stock of the latter. V.96, p. 654. Also owns
surrendered 12,000 shares for cancellation. V. 88. p. 1314.
The San Fran. Elec. Rys. has acquired $9,997,500 of corn, stock of the stock of the Sacramento & Woodland RR.
Noteholders Requested to Deposit Notes.
F.; $7,950,000 of the common stock and all the pref. are
-Pending the completion of arUn. RR. of S.
rangements for permanently financing the company's system.the holders
owned by the California By. & Power Co.
of its $5,200,000
United fills, of San Fran. In 191s leased the San Fran. Elec. Rye
See collateral under of maturing notes are urged to deposit these notes and
the terms of a 1-year trust agreement. It is proposed to
that company above and V. 91. p. 46...
For statement by former l'res. Calhoun regarding the Solano Irrigated pay the int. regularly on the deposited notes and later to discharge the
principal out of the proceeds of a bcond sale, the depositors being protected
matter, see V. 98, p. 1695.
Farms
additional collateral below mentioned.
Decision -On Sept. 21 1911 Judge Seawell, in a suit brought by the city, by thenotes
are endorsed
The
held that the Sutter St. fly., by discontinuing the use of certain tracks on Sloss, E. R. Lilienthal, by some or all of the following: Louis Sloss. Leon
W' P. Hammon and Eugene de Sabla; and are
franchises as to such tracks. V. 93. p. 873.
Market St., has forfeited Its
-At a referendum election on April 22 1913 the further secured by pledge dover $8,000,000 Northern Electric bonds, viz.:
Operating Agreement.
track agreement, under which the Sutter and the Geary $6,000,000 Northern Electric Ry. $1,500,000 Northern Electric Co,
lower Market St.
$365,000 Marysville & Colusa and i315,000 Sacramento & Woodland By.
St. (municipal railway) cars will run through to the ferry, was ratified.
Further to protect the depositors and also the Sloss family,two companies
'
V. 96, p. 1299.
-At a city election held Aug. 26 1913 it was were incorporated in that State:on Feb.3 1014.namely the Sloss Corporation.
Voted.
Municipal Bonds
with $1,500.000 cap.
voted to issue $3,500,000 bonds for the construction or acquisition of a sys- stock. To the first stock, and the Sloss Securities Co. with $5.000,000
-named of these cos. Mrs. Sarah Sloss has voluntarily
tem of municipal street railways. See V. 96, p. 1490; V. 97, p. 238, 597.
turned over in exchange for the
For report of Bien J. Arnold on electric railway situation, franchises. owned by her. To the second stock $1,500,000 of securities personally
company the Messrs. Sloss have in like
&c., see V. 96. p. 1490.
It was understood in May 1914 that 65 new cars were to be purchased manner voluntarily surrendered their equity (stated as $3,000,0001 in
and car trusts to be issued in part payment, but late in Sept. 1914 the car securities of their Alaska corporations (see V.98. p. 523,for names of these
corporations); the bond house of Louis Sloss & Co. and the Northern Electrusts had not been issued.
-In June 1914 the Public Utilties tric also have turned over to the same company all their securities. The
Negotiations for Municipal Ownership.
Committee of the Board of Supervisors was authorized to examine the legal stock of both the new corporations is transferred to the Union Trust Co. of
and financial affairs of the company with a view to the purchase of the S. F. as depositary under the trust agreement, and under the control of the
system by the city. Pres. Lilienthal has stated that a fair offer would be five trustees to protect the noteholders.
It is stated that negotiations are under way for the sale of a re-financing
considered. V. 98. p. 1847.
bond issue, but as these negotiations involve various preliminaries, the Sloss
Date.
Interest. Outstanding. Maturity. family have come forward with their personal fortune to protect the crediSTOCK AND BONDS.
$17,948,600Mch'06 1.5% tors. The properties are sound and worth every dollar represented, it is
Common $18,800,000
20,000,000 Jan '13, 1% claimed,"but the endorsers are not readyto pay at this time and delay is
4 J-D
____
Fret 4% cum $20,000,000
necessary to perfect a permanentfinancial arrangement." See V.98.p.523.
5,000,000
7 F
-A
1st pref 7% cum $5,000.000__ 1907
See text
For letter to stockholders asking for deposit of notes, see V.98, Il• 011.
23,854,000 April 1 1927
Sinking fund gold bonds $35,-1 1902
4 g A-0
c•1 Interest at company's office, or in New York. Time for deposit was extended to June 15 1914. V. 98, p. 1845.
275,000 ($1,000)
Defauit.-1nt. on the 40-yr. 1st & consol. 5s of 1907 was not paid by the
Union Trust Co.. San Francisco, Trustee.
5
Notes $1,000,000
See text
1916 trustees of the Sloss Securities Co. or on any notes securing same. See
1 1906
V. 98, p. 1845.
Redeemable after 5 years at par.
Equip trust cents. $400,000 1910
200,000 See text
6 J-D 15
STOCK AND BONDSDate. Interest. outstanding.
Maturity.
Union Trust Co., N. Y.. trustee.
gold. guar prin 6c lot
uommon $15,000,000 ($100)$15,000,000
Equipment notes $300,000i 1912
240,000 See text
6 J-J
Pref$10,000,000($100)5% n-c
3:07(84..000(00
)
10)0
Red at 102A Int. at Anglo-Cal. Tr. Co.. San Fran., trus- Northern Eiec Co NI $6,000 -1 1905
($1,000).
5 g A-0
Oct 1 1955
I tee, or E. H. Rollins & Sons, New York.
and int on any int date
000 g (51.000) (closed) s f
Int. at Mercantile Tr. Co.. San Fran..Trustee
Mark St Cab Ry(closed) mtge 1883
6J-D
1,800,000 See text
Northern Elec fly 1st & consl 1907
6,652,000 Dec 1 1947
5 g J-D
(see text)
($1,000) g
m tee $25,000,000 gold_ _ tf Int. at Mercantile Tr, Co., San Fran., trustee
Omnibus Cable Co 1st Mtge_ _ _ 1888
6 A-0
2,000,000 April 2 1918 Secured notes $2,000,000 el 1911
6 g 111-N
191,500 May 1 1014
Ferries dc Cliff House Mtge..___ 1889
6 M-S
600.000 See text
($500 and $1,000)
c tf(Int. at Mercantile Tr. Co.. San Fr., Trustee.
Market Street Ry consol Mtge' 1894
5 g M-S
.
7,341,000 Sept 1 1924 Marysv&Col Br let LT $1,5001
5 g J-D
Co.,19 750,000 Dec. 1 1941
$17,500,000 gold
000 g s f ($1.000)- _gu tf Int. at Mercantile Tr.
San Fran., Trust.
Interest Is payable at Treasurer's office, San Francisco. Sacramento&Woodlaid lstM 1911
5 g J-J
750,000 July 1 1941
Sutter Street 1st Mtge gold) 1888
5 M-N
1,000.000 May 1 1918
$1,000,000 s f ($1,000)c tf'Int. at Mercantile Tr. Co.. San Fr., trustee.
($1,000)
Union Trust Co.. San Francisco. trustee.
Bonds.
-Of the Northern Electric Ry. bonds 43,784,000 are reserved to
Note (to Cal Ry & Pow Co)._ 1912
7%
2,000,000
retire a like amount of Northern Electric Co.'s 55. They are subject to call
Bonds.
-Of the $35,275,000 sinking fund gold 4s. $9,866,000 are reserved sn 60 days' notice at 110. Sinking fund 1918 to 1927 '4% of issued bonds
9
to retire underlying liens(the other $3,175,000 needed for that purpose
per annum; 1928 to 1937, 1%; 1938 to 1947, 1 h'%. Northern Electric Co.
log provided by the operation of the sink. funds). A sink, fund equalbe- '
rinds can be called on April 1 1914 or any Int. date thereafter at 110.
to ,
2% of the entire gross earnings, but not less than $100,000 a year,
began Practically all of the outstanding bonds are in possession of Northern
Jan. 1 1905. All the income above 5% on the common must also be applied Electric Railway. The notes of 1911 are secured by deposit of N. E. By.
to a sink, fund or for imorovements. V. 74. p. 529, 630. Through opera- 1st consol. bonds at rate of $1,000 bonds for each $750 notes. They are
tion of sinking fund, $1,555,000 bonds have been purchased and
by F.. R Lilienthal,
Sloss and
can- truer.. n.
celed; these bonds are not included in amounts given above as outstanding. W.P.Hammon. Marysville-Colusa E. J. De Sable Jr., Louis at
Br. bonds are subj. to call
105 on
Bonds were listed on the New York Stock Exchange In March 1903. V.
76. any int. date. Sinking fund of 2% of bonds out begins after 5 years.
p. 1036. Equip. trust certfs. of 1910 mature $50,000 annually from June
Bonds are guar.. p. & I., by Northern Electric Ry.
1911 to Juno 15 1918, incl., without option of prior redemption, excepting 15
The Sacramento & Woodland RR. bonds are guar., p. &
by Northern
to full issue. They are guar., p. & i., by United Rys. Invest. Co. They as Elec. Ry. and Vallejo & Northern RR. Sinking Fund.
-2% annually on
secured on 80 standard P-A-Y-E cars. V.90, p. 1556. Equip. notes of are bonds out, commencing July
1 1916. Subject to call on any int. date at
1912
mature $30,000 ann. July 1 1913 to 1922. V.95, p. 751. Prior lien bonds sub, 105. Listed on the San Francisco
Stock and Bond Exchange.
to call. $3,000,000 of Market St. Cable Ry. bonds were originally issued,
EARNINGS.
-For year ending June 301013.
falling due Jan. 11013. On that date $1,200.000 were retired and the bale 277. in 1912. gross, $625.749: net, $211,472. gross,$762,800; net. $262.ance extended to Dec. 15 1915. The bonds of Market St. By. Issue ar.
ROAD.
-Operates 141.15 miles of track between Chico. Oroville, Yuba
subject to operation of sinking fund after Sept. 1 1918 and Sutter St. Ry- City. Marysville and Sacramento, with a branch from Chico to Hamilton.
1st M. 55 are subject to call at rate of $50,000 per annum, in numerical or- Has completed a bridge across the Sacramento River connecting with line
der, beginning with bond No. 1. The notes in table above were issued to of 20 miles to Woodland. Is constructing a line between Vallejo and Sacrareimburse the company in part for improvements since 1902. The Ferries mento, along route of Vallejo & Northern, with branches to Vacaville
and
& Cliff House mtge. which fell due Mar. 1 1914, was extended to Dec. 31 Suisun. Is also constructing portion of line between Suisun. Fairfi Id and
1914 after $50,000 were retired.
Vacaville. The Vallejo & Northern on Oct. 17 1912 opened a branch of 6
miles between Fairfield and Boynton. Standard gauge; 60 & 70
Dividends.
-On 4% pref., in 1902, Dec., 1.2%; in 1903. June, 1.2%
-lb. T rail.
OFFICERS.-Pres., Leon Sloss; V.
-Ps., Louis Sloss. T. T.C. Gregory
1.2%; in 1904, June, 1.5%; Dec., 1.5%; in 1005. June, 1.8%; Dec.
-V. 85. p. 865:
:
2% In 1908, Molt., 3.6% (in full of all deferred dividends in arrears to and A. D. Shindler; Sec., Norman Logan. San Francisco.
1:)4C
1905); Dec., 2% (paid in dividend ctfs.). None since until Aug. V. 86, p. 169; V. 92, p. 1375: V. 04. n. 279, 1509; V. 95, p. 237. 680, 963,
Sept. 30
1913, when 1% was paid. On 7% prof., 3j % paid semi-annually from 1473; V. 96, p. 654; V. 98. p. 523, 611, 1845.
,
Feb. 1909 to Feb. 1914. The Aug. 1914 div. was not paid on time, but the
PENINSULAR RAILWAY.
Cal. RR. Comm. has under considertion the application of the company
Entire stock is owned by Southern Pacific Co.
to pay it (V. 99, p. 818). On corn. 1st div., 1.5%, Mar. 1906.
ORGANIZATION.
-Incorporated in California June 30 1909 as a conEarthquake and Fire -For damage done by the earthquake and fire In
April 1906. see V. 82, p. 930,988. Later In the year the company suffered solidation of various electric railways in which the Southern Pacific is interested, namely the Peninsular RR. Co.. Santa Clara Interurban By.
from a strike of its employees. See V.83. p. 493, 563. In March 1907 em
(V. 83.
ployees /wain went on strike, and this strike lasted for six months-see p. 380: V. 87, p. 545) and the San Jose-Los Gatos Interurban By.(V. 76.
p. 1409; V. 89, p. 104). Will comprise all the present and
annual report. V. 86, p. 1221
contemplated
railway systems on the San Francisco peninsula, and from
REPORT.-For calendar years:
Jose and vicinity, Including those in intermediate towns. that city to San
Gross
Calendar
Net (after
Other
Fixed Chas. 1st Pref. Balance,
STOCK AND BONDSDate.
Interest. Outstanding, Maturity.
Taxes).
Year- Earnings.
Income. Rentals,dec. Dies.7% Surplus.
Stock. $12,000,000 ($100)---- --1913____$8,552,855 $3,389,158 $170,610 $2,036,518 $350,000 $1,173.250 San Jose-Los
$12.0500000 0 may 21 1923
0 00
: 0
Gatos Inter. 1st' 1903
5 M-N 21
1912_ __ _ 8,471,676 3,593.094 285,322 2,071,100 350,000 1,457,316
mortgage. $2,000.000____ciCentral Trust Co., San
From the balance, surplus, as above in 1913 there was appropriated
Francisco, Trustee.
EARNINGS.
-For year ending June 30 1913, gross,
$474,432 for bond sinking fund reserve and $257,581 for depreciation 5611
$280.319; net,
reserve, leaving *441,237. In 1912 $183,608 was deducted for renewals, $40.
.-Track (owned and
depreciation and contingencies and 4655,758 for bond sinking fund,leaving
° miles; second track, 9.42 operated under lease, &c.), single track,
66An
8
.7
miles; sidings, 4.63 miles,p Single
*617,950.
.Single, 2.o9
a track
own
and leased to Sou. Pac. Co., 26.22 miles.
Not in




122

ELECTRIC RAILWAYS

[VoL. xclx.

Interest. Outstanding. Maturity.
Dale.
STOCK AND BONDSmiles; total, 99.11 miles. Serving San Jose, Saratoga, Los Gatos, Camp
$5,000.000
bell, Cupertino. Monta Vista and Palo Alto, all in Santa Clara County Stock. $5,000,000 ($100)5 g J-J
1,416,000 Jan. 1 1955
Standard gauge. 60 and 70-lb., mostly T rail. An extension between 1st mtge, $1,500.000 goldj 1910
($1,000) sinking fund ____ lint. at Mercantile Trust Co., S. F., trustee.
Palo Alto and San Francisco is proposed.
434%
1,250,000 Apr. 1 1946
OFFICERS.-Pres., Paul Schoup, Los Angeles; Sec. & Aud., H. A. San Jose & Santa Clara Co} 1906
Ry first
Culloden, Los Angeles; Tress., M. Swede; Gen. Mgr., F. E. Chapin, San Jose & mortgage RR IstM 1898
6%
200,000 Jan.31 1913
Santa Clar
-Y.89. p. 104.
San Jose.
6g
50,000 Jan 3 1913
San Jose & Alum Rock Ry l, 1901
first mortgage, $50,000---i
SAN FRANCISCO NAPA &T.CALISTOCIA RY.
Bonds.-ist mtge. bonds of1910 have a sink,fund from Jan.11915. The
1911 in California as successor to
ORGANIZATION.-Incorp. Nov. 10
RR. 1st M. bonds are held in trust.
the San Fran. Vallejo & Napa Valley RR. sold at foreclosure on Oct. 30 San Jose & Santa Clara
'
-Owns 27.55 miles single track, 11.75 miles 2d track. 2.59 miles
ROAD.
1911. V. 93. p. 1535. Also acquired the Vallejo Benicia & Napa Valley
RR. Has a 20-year traffic agreement with Monticello SS. Co., providing sidings and turnouts; total 41.89 miles; serving cities of San Jose and
-V.90, p. 1297; V. 92, p. 1033.
for daily schedule of at least six round trips between Vallejo and San Fran. Santa Clara and country adjacent thereto.
Purchases power from Great Western Power Co. under contract expiring
Jan. 1 1922. with privilege of extension for a further period of 10 years.
Franchise runs to 1952 or later.
SANTA CRUZ, CAL.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS*$2,000,000
Stock $2,000.000
COAST COUNTIES GAS & ELECTRIC CO.
6 J-D
600.000 Dec. 1 1936
18t M *1,000,000 gold ($100,1 1911
-Organized in California on Mch. 20 1912 and has acORGANIZATION.
$500 & $1,000); callable at Int. at Mercantile Tr. Co.. San Fran. Trus.,
'
Rollins & Sons, N. Y. quired the Coast Counties Light & Pow Co., Big Creek Light & Pow. Co.
or at office of E.
105 & int. on any int.day.c•
599.100 Nov.201938 and San Benito Light & Power Co. and Giiray Gas Works; also the entire
-unsecured non-} ____
Debentures
capital stock of the Union Trac. Co.(Santa Cruz). Franchises in municiforeclosable $610,000
* $731,700 of this amount is outstanding, the remainder being delinquent palities perpetual; county franchises an highways until 1946 to 1959.
and
Interest
Outstanding. Maturity.
Date
Bonds.-Remalning 3400,000 1st M. bonds are reserved for additions
STOCK AND BONDS31,000,000
extensions at 75% of cost under certain restrictions. Annual sinking fund Common, $2,000,000
Monthly
1,000,000
See text.
Pref, 32,000,0006% cum(5100) ____
of 1% of bonds out begins in 1914. V. 93. p. 1535.
-A
967,000 Aug. 1 1946
5gF
1
-For year ending June 30 1914, gross, $225,276; net. Coast Counties L & P 1st M1906 Mercantile Tr. Co.. San Fr.. trustee.
EARNINGS.
$1,000,000g ($1,000)_e• tf Int. at
$78,907.
631,000 Feb 1 1935
5%
Union Trac Co 1st M. $750.- 1905
-Comprises 44.71 miles of track, extending from Vallejo, via
ROAD.
000 gold ($1,000)_ c&r ntf Int. at Un on Tr. Co., San Fran., trustee.
Napa, to Calistoga, of which 30 miles on private right of way, 12.39 miles Big Crk Lt&Pow 1st M$339.000 tf__
312,000
4%
on streets or highways and 2.32 miles sidings. Standard gauge. Owns San Ben Lt&Pow lstM3150,000 tf__
150.000
8%
37 acres of land, Incl. water front in Vallejo.
Lt. & Pow. bonds. $33,000 are held In
-Of the Coast Counties
Bends.
OFFICERS.-Pres. Jas. Irvine, San Fran. Sec. & Treas.. T. V. Max- skg.fd. Callable at 10734 and int. on any Mt. day. Annual cum.skg.fd.
-V.93, p. 1535.
well, San Fran.; Gen.'Mgr., J. H. Hornung, Napa.
of 1% of bonds out. began June 30 1911. V. 95, 13. 681. Union Trac. Co.
bonds have a skg. fd. from 1910 till 1915 of 34% of bonds out;from 1915 to
UNITED PROPERTIES COMPANY OF CALIFORNIA.
1920 1% of bonds out,and from 1920 to maturity 2% of bonds out;said fund
Dec.30 1910 with $200.000.- to be used to redeem the bonds. Are subj. to call at 110 and hit. *100,000
ORGANIZATION.-Incorp.In Delaware on
bonds are reserved for betterments and extensions. $11,000 have been re000 auth. stock. V. 93. p. 528. Controls through ownership of stock:
-Oak. Term. Power Co.
tired. Skg.fd. on Big Creek Lt. & P. bonds. $3,600 per ann. began Mch.30
San Fran.
Oakland Railways.
1908. San Benito Lt. & Pow, bonds have a skg. fd. of 1% of bonds out
Santa Clara Land & Water Co.
United Light & Power Co.
beginning June 30 1915.
United Properties Realty Co.
Union Water Co. of Cal.
Bay Cities Water Co.
-6% has been paid on pref. stock from date of issue.
Dividends.
-In Jan.1913 the United Properties Co. of CaliforTrustees Appointed.
-For cal. year 1913, gross, $152.592; int., &c., $78.156;
EARNINGS.
-Jas. K. Moffitt,
nia passed under the administration of three trustees
with Gavin McNab (attorney for surplus, $78,438.
Vanderlyn Stow and Wm. A. Bissell,
-Operates 18 miles of track in Santa Cruz and to Cm:slide.
Hanford-Tevis interests) and W.I. Brobeck. V. 96 p. 1425.
Property.
Default.-Int. due July 1 1913 on the interim certificates was defaulted. Standard gauge. Has one hydro-electric and 2 steam plants; combined
capacity. 3,346 h.p.; 75 miles transmisson lines and 531 miles distribution
See statement in V. 97, p. 118.
-F. M. Smith Advisory Committee--Recuest for lines. Gas plants in Santa Cruz, Watsonville and Hollister.
Trustee for F. M. Smith
-On May 5 1913, because of the refusal
-Mr.SmUh's Indebtedness.
Deposits
OFFICERS.-Pres. & Gen. Mgr., S. Waldo Coleman; V.
-P.. R. M.
of the bank's to renew his outstanding notes and in order to protect his cred-V.94. p. 1783; V. 95. p. 881.
Sec.& Treas.,L. W.Pryor.
itors' Mr. Smith (who owns 60% of the $200,000,000 stock of the United Hotaling;
Prop. Co. of Cal.) placed his affairs in the hands of the Mercantile Tr. Co.
of San Fr. as trustee. At the same time as advisory committee was formed
(consisting of F. B. Anderson, J. S. Drum (Sec.), Mortimer Fleishacker,
SAVANNAH, GA
W. W. Garthwaite and C. 0. G. Miller) to take over the administration
Of the various properties turned over. V. 98, p. 1425. On May 14 1913
-A trolley system.
SAVANNAH ELECTRIC CO.
this committee requested creditors of F. M. Smith to deposit their notes,
-Incorporated in Georgia in Dec. 1901 as a consoliclaims, &c., incl. collateral, with the Mere. Tr. Co. before July 1 1913.
ORGANIZATION.
1490, 1631. Mr. Smith's secured indebtedness amounts to ap- dation of the City & Suburban Ry.. the Savannah Thunderbolt & Isle of
V. 96, p.
proximately 56,000,000 and that of the Realty Syndicate (95% of whose Hope Ry Savannah'& Isle of Hope Ry. and the Edison Electric Illuminatstock Mr. Smith owned) to $2,000,000. The Realty Syndicate also has ing Co., comprising the entire street railway and the greater part of the
outstanding about $4,000,000 of Its Syndicate 6s. For letter to Realty electric-lighthig and power business of the city. The Savannah Power Co.
Syndicate creditors, see V. 96, p. 1560.
was incorporated in Georgia May 3 1912 (cap. stock auth. and issued, $1,Final Plans-Reorganization &c.-It was announced at San Francisco 000,000), and has built a power station with 11.000 k. w. capacity to supply
on Jan. 17 1914 that the advisory committee representing the holders of the needs of the Savannah Electric Co., and the latter guarantees the notes
F. M.Smith in the United Properties Co.,and the trustees of the company, issued by the Power Co. V. 95, p. 1040. Franchises for both street railhad completed the legal formalities whereby they sold to George C. Moore ways and electric-lighting plant are perpetual. Bonds and stock were in
of Detroit and associates (including the Investment Registry, Ltd., and July 1902 listed on the Boston Stock Exchange.
B. Fitzgerald, representing Basil. Montgomery, Fitzgerald & Co., both of
Interest. Outstanding. Maturtts.
STOCK AND BONDS.- Date.
London) the control of the San Francisco-Oakland Terminal Rys.(see that
_____
$2,500,000
($100)company under Oakland, Cal.), and at the same time arranged for the re- Common $2,500,000C ($100)__ ____
1,000.000 Oct '07.3%
6 A-0
Pt 31.000.0000% n
financing and development of the United Light & Power Co. and the Union 1st cons mtge $3,500,000 gold 1902
2,147,000 Jan. 1 1963
5 g J-J
Water Co. as soon as these properties can be detached from the United
Int. at Amer. Trust Co.. Boston, Trustee.
($1,000
Prop. Co. The last-named company is to be dissolved. Provision was Say Thun and $500L_....ctf 1897
1,000.000 July 1 1947
4 Q-J
& Isle of H 1st M
also made for the extension of 33,000,000 notes of N. W. Halsey & Co. to
($1,000)$1.250.000_entf Central Trust Co , New York, Trustee.
g
Sept. 12 1914 and the $1,100,000 Key Route Basin notes to Nov. 20 1914 Say Power 1st M $2,500,0001912
April 1 193z
5 A-0 See text
,
(see below). These plans, however, were contingent upon the approval of
and iint)__.. tf Commonwealth Trust Co., Boston. trustee.
g
the Cal. RR.Comm. In this deal F. M.Smith severs-his connection with Say(call at 105
956.000 April 1 1911
6 A-0
1912
notes
Power coupon
the United Prop. Co., and.Tevis & Hanford, it is stated, secure abundant
tf Int. at Commonw. Tr. Co., Boston, trustee.
$2 000 000. gold
capital from Mr. Geo. C. Moore and his English associates for financing Notes payable June 30 1914-----871.000
and developing each of the separate units of the big corporation.
so
-Of the Savannah Electric Co. new mortgage, 51.000,000 areIsis
Bonds.
Purpose for which 0.0. Moore has agreed to supply $9,890,000'
a like amount of bonds of the Savannah Thunderbolt &
38,000 pref. traction shares held by Un.Prop, trustees, at $30_51,140,000 served to retire Callable in whole (or in part for a. f.) at 110 and int. on
of Hope Ry.
25,000 pref. traction shares held by Smith trustees for his cred750,000 any interest date. The company binds Itself to apply at least $20,000 per
itors,
extensions, or in
2,500,000 annum, beginning 1906, toward improvements or Say. Elec, bondsthe pur
Halsey notes, to be paid Sept. 12 1914
of the
may be
1,100,000 chase of bonds. The remainder unissuedat rate of $1,000
Key Route Basin notes, to be paid Nov. 20 1914
bonds for $1,200
1,000,000 used for new construction and equipment,
Floating debt, traction companies
spent. Of the Savannah Thunderbolt & Isle of Hope By., bonne
1,600.000 in cash
United Light & Power Co.of N. J. debentures
800,000 3250.000 have been retired. Interest at office of Stone & Webster, Boston
United Water Co
1,000,000 Of the Say. Power bonds. $1,250000 are issued but deposited as collateras
New work contracted for
Sinking fund 2% annually beginning Jan. 1 1918. Bonds guar. p. & 1. and
-V. 98. D. 306.
sk. fd. by Savannah Elec. Co., and the $1,000,000 coupon notes are guar.,
Interest Paid.-Int. due June 12 and Aug. 20 1913 on the Oakland Trac. p. & I. The notes are callable at par and Int.
and Oakland Terminal notes, respectively, was paid at maturity, but the
-The 6% preferred stock is subject to call at 120 at any time.
Stork.
principal due at the same time was not paid. Both issues have been ex-On met. stock 1902 to 1907 inclusive, 6% per annum paid.
Dividends.
tended. The int. due Dec. 12 on the $2.500,000 Oakland Trac. Co.
notes was paid. These are 6% notes. but "in consideration of the forbear- None since to Sept. 1914.
the collection of the principal at
-For the 12 mos. end. June 30 1014, gross. $848,180* net,
REPORT.
ance of the holders", who had not pressed
after taxes, $284,011; interest, $253,782; insist. fund, $20,000; surplus,
maturity, int. at the rate of 7% per annum was paid. V. 97, p. 1824.
$10.2
Debt of Company and uontrolled Properties.
Interest, Outstanding. Maturity.
Date.
-Ps., Chas. F. Wallace, T. S.
OFFICERS.-Pres.. Geo. J. Baldwin; V.
$11,234,000
Blumer and Harry H. Hunt; Treas., Henry B. Sawyer' Sec., Gordon 0.
UnitedProps ofCalif. interiml
Carson; Mgr., Howard C. Foss; Gen. Mgrs., Stone & Webster Mgt. Assn.
bond certificates
4,750,000 Jan. 1 1956 -V.88, p. 920; V. 95, p. 1040.
6 g J-J
Union Water Co 1st mtge,1 1911
$5,000,000 g ($1,000) guar Int in San Fran and N Y. Anglo-Cal Trust
p&I by United Prop Co.c&rj Co, San Francisco, Trustee.
1,151,000 Jan 1 1948
J-J
Bay Cities Water Co first 1903
mortgage 310.000.000 - -- jInt.at Merc.Tr.Co.,S.F.,tr.,& U.S.M.&Tr.,N.Y.
SCRANTON, PA.
12,000,000
1
San Fran-Oak Ter Power
Mechanics' Trust Co. of N. J., Trustee.
Mtge $30 000 000
-A
SCRANTON & WILKES-BARRE TRACTION CORPORATION.
750,000 Aug 1 1928
-A
F
Water Supply Co fh'sti 1906
Sierra
holding company.
mortgage $5,000,000.._ _ _ Int. at Mercantile Tr. Co., San Fran., Trus
1,618,000 Dec 1 1914
On April 7 1914 a syndicate headed by Wm. C. Sproul purchased con6 J-D
Unit Lt & Pow of N J colltrl 1911
the road. It is stated that the
notes($1,000) guar p & 1.cjInt. at Bankers Trust Co.. N. Y., Trustee. trolling interest in $1,500,000 common stock, the purchase involves $1,1945
amount paid being *1,See text
000,000 pref. and
UL&PorCallst&genMg__ 1910 6%
243,000
600,000. V. 98, p. 1158.
underlying bds..
U L& P of Cal
110 and
ORGANIZATION.-Incorp.In Va.in 1913 as a recrganization (per plan
-The Union Water Co. bonds are red. to Jan. 1 1931 atSink. fd.
Bonds.
V. 96, p. 1701) of the Lack. & Wyo. Valley Rapid Transit Co. (sold at
interest, thence to 1946 at 105 and int.; thereafter at par and int.
foreclosure). which company owned all of the securities of the Lackawanna
begins Jan. 1 1918.
Jersey coll. notes are red,. all or any,on any & Wyoming Valley RR., the Scranton & Northeastern RR., the LackaUnited Light & Power of New
1., by United wanna Tunnel Co., the Central Valley RR. and the Wilkes-Barre RR.
Int. day at 102 & int. They are unconditionally guar.. p. &
into the Lack. & Wyo. Vail.
defaulted and the
Prop. Co. Int. due June 1 1914 on these notes has been 758). See V. 94, These latter five companies have been merged
RR. Co. (the operating company) with $1,850,000 stock and $5,000,000
99, p.
90 days grace expired without it being paid. (V.
California bonds, all of which is owned by the Scranton & Wilkes-Barre Trac. Corp.
p. 357, for security for notes. The United Light & Power of
($2,023,000 and deposited under that company's refund. mtge.. subj. to $888,000
1st & gen. mtge. is for 54000,000, of which $2,817,000 are out
reserved for L.& W. V. Rap. Trans. coll, tr. bonds.
of this amount is deposited under 3-year notes); $243,000
Interest. Outstanding. Maturity.
additions and extensions.
STOCK AND BONDS- Date.
prior liens and $940,000 for
-V. 97, p. 118, 178, Common, $1,500,000
$1,500,000
-Mechanics Institute Bldg., San Fran.
OFFICE.
700,000
Pref (see text), $1,000,000__
522, 597, 1116, 1358, 1899; V. 98, p. 612; V. 99, p. 750.
367,
5%
888,000 Aug 1 1951
L & W V Rap Tr Co coll trust 1901
c*tf Int. at Guaranty Tr. Co., N. Y., Trustee.
5% gold bonds
5%
• 2,112,000 Aug. 1951
Refund mtge (see text). gi 1913
SAN JOSE, CAL.
cstf Guaranty Trust Co., N. Y., Trustee.
($1,000)_
-A trolley road.
SAN JOSE RAILROADS.
coil trust sink fund gold bdsj 1914
6 g A-0
1,000,000 Apr 1 1934
On June 30 1913 Southern Pacific Co.owned entire stock of this company;
$1,000,000 ($1,000)____csiGuaranty Trust CO., N. Y., trustee.
also owns entire amount of outstanding bonds.
Stock.-Divs. on pref. 6% per ann. until June
California Dee. 23 1909 as successor to Cumulative after June 30 1914. Pref, stock is 30 1917 and 7% thereafter.
ORGANIZATION.-Incorp. in
red. at
SaniJose Ry. Co. V. 90, is. 1297. Properties of San Jose & Santa Clara its issue. Pref, and com. have equal voting power. 105 three years after
County RR. Co. purchased by San Jose RRs. March 15 1912.




1

SEPT., 1914.1

ELECTRIC RAILWAYS

123

Bonds.
-Refund. mtge. bonds are callable at 105 and int.; $888.000 are
reserved to retire underlying bonds and remainder is for impt.s. or equip. M., the initial issue of $500,000 was pledged under the Seattle-Everett M.
and for acquisition of additional property under certain restrictions. Tile of1909, 52.000,000 is reserved for prior liens and $683,000 for additions
mortgage was authorized originally for $5,000,000, but was subsequently and 'runts. Callable as a whole (or in part for sk. fd.) at par and int.
on any
closed at $3,000,000. The L.& W. V. Rap. Tr. Co.5% bonds are secured 1914. int. day. Sink. fd. of 1% per annum of bonds out begins May 1
V. 88, p. 1061.
by depositor $1,850,000 stock and $5.000.000,1etM. 5%s due 1951 of the
Puget
Lack. & WY. Vail. RR. Co. The coll. trust 65 of 1904 are red, at any int. retire a Sound Electric Ry.-Of theist consol. M.,$1,236,000 are reserved to
like amount ofT acoma By. & Power Co. bonds and 5368,000 had
period at 100 and accrued int. Sinking fund (cumulative) of 1% of outstanding bonds annually from Mar. 1 1916 to Mar. 1 1933. These bonds been retired by sk. fd. to Sept 11 1914. The 1903 bonds are subj. to call as a
whole on any Int. date at 110 and int. A sinking fund of 1% of bonds
a e secured by the same collateral as the first & ref. mtge. V. 98,9. 1246.
certified, plus 5% per ann. on bonds parch. for sk. fd., began Jan. 1 1907.
EARNINGS.
-Year ended June 30 1914-Net inc. oper. co., $273,952; Sufficient of consol. and ref. bonds are reserved for underlying bonds; the
other earnings (holding co.), 5101; total income, 5274,113; oper., exp. remainder is issuable at 80% of cost for additions and improvements.
& taxes, $11,728; int., on bonds, $174,700; dividends, $53,917; balance,
Pacific Traction Co.
-$500.000 were issued to retire a like amount of old
surplus, $33,768.
1st M. bonds: entire $500.000 now in treas. Remaining bonds reserved
for future additions and improvements, under restrictions. Subject to call
ROAD.
-Lackawanna & Wyoming Valley RR. operates 22.63 miles of at
105 and int. at any time. Sk. fd. of 1% of bonds outstanding bins
first track,20.74 miles of second track and 7.28 miles of yard track and
sidings between Scranton and Wilkes-Barre; Scranton to Dunmore, 3 miles. Jan. 1 1914. Bonds are guar. p.& I. and sinking fund by Puget Sd. El. By.
Whattom Co. Ry. ct Lt. Co.
-Bonds subj. to call as a whole on any int. date
Double track, laid with 90
-lb. rail. Standard steam construction, private at 105
and in Sk. fd. of 1% per ann. of bonds outstanding. if earned. comright of way. A standard-gauge tunnel, about 5,000 feet long, was commenced Nov. 1 1906; on Nov. 1 1911 became obligatory, $293,000 bonds
pleted in Scranton In Oct. 1905. This removed the only heavy-grade on have
been canceled, of which $47,000 in sk. fd. Mortgage is closed.
the line between Scranton and Wilkes-Barre. 30 passenger, 52 freight cars,
Dividends.
-On pref., 134% quar. since organization. On corn. 1st div.
2 electric locomotives and 42 misc. cars.
-1%-paid April 1912; July. 1%; Oct., 1%. In 1913, 4%. In 1914.
OFFICERS.-Pres., Wm.C. Sproul; Chairman Exec. Comm.,Frank R. Jan., 1%; April. 1%; July, 1%.
C. Stevens; Treas., H. C. KochersFord; V.
-P., W.H. Lippincott; Sec.. S.
EARNINGS-For year end. Juno 30 1914. gross, $8,701,960; net,
Perger.-V. 96, p. 1703; V. 97, p. 118, 1735; V. 98, p. 1158, 1246, 1539.
after taxes, $3,642,788; interest, $1,839,151; sinking funds. $257,462; surplus, $1,546,175.
SEATTLE, WASH.
PROPERTY.
-Owns or controls hydro-electric plants with 74.000 h.p•
capacity (ultimate development approx. 175.000 h.p.); steam stations.
-(See Map 36,000 h.p. capacity;
PUGET SOUND TRACTION. LIGHT Sc POWER CO.
street and interurban railways, 493.30 miles equiv.
124.)
on page
single track, standard gauge. 2 steam and 13 elec. locomotives; 597
Pam
ORGANIZATION.-Incorp. Jan. 2 1912 In-Maine per plan in V. 94, p
. and 431 other cars.
124 (re-incorp. In Mass. on July 9 1912), and has acquired, outright or
OFFICERS.--Pres., Jacob Furth; V.
-Ps., F. S. Pratt, A. W. Leonard;
through acquisition of capital stock,the properties of the following companies
Clerk, Chester M. Clark; Treas.. Henry B. Sawyer; Gen. Mgrs., Stone &
1Seattle Electric Co.
Pacific Coast Power Co.
Webster Mgt.Assn.
-V 94, p. 124, 279,560, 632, 827, 1764; V.95, p.111,
Seattle
-Tacoma Power Co.
Puget Sound Electric By.
818, 891, 1040; V. 96,9. 791, 1090. 1153; V. 97, p. 1205, 1357, 1664, 1734,
Whatcom County By. & Light Co.
Puget Sound Power Co.
1899; V. 98, p. 305, 1157, 1309, 1539.
Also owns all the capital stock of the Pacific Northwest'Frac. Co.. which
in turn owns the cap.stock of the Puget Sd. International B.& Power Co..
SEATTLE RENTON & SOUTHERN RY.-Trolley.
lessee of Everett By., Lt. & Water Co.
Owns or controls, through its subsidiary companies, properties comprising
Recetvership.-On Apr. 30 1912 Judge Dykeman in State Court on applisubstantially all the street and interurban railway and the commercial cation of former Pres. Wm. R. Crawford, appointed Scott Calhoun temelectric light and power companies serving the Puget Sound district, includ- porary receiver, but the latter did not take possession until after the discharge of the receivers appointed by the Federal Court-see below-Jos.
ing the cities of Seattle, Tacoma, Bellingham and Everett. Wash.
Principal franchises expire as follows: In Seattle, railway, 1934; lighting, Parkin being then appointed co-receiver and now acting in conjunction with
1952. In Tacoma, railway, 1939; elec. lighting and power, 1930. In Bel- Mr. Calhoun.
Sale Ordered.
lingham, railway, 1941 (minor railway 1934); light and power, 1940; gas.
-Early in 1913 the receivers were ordered to sell the road
1941. In Everett, railway, 1944 and 1950; lighting, 1050: water. 1945 and distribute the proceeds among the creditors (V. 96, p. 1090, but order
of sale having been made by a temporary Judge not having full urisdiction,
Interurbans chiefly on private right-of-way.
road had not
Favorable Franchise Decision.-Aa to decision of Wash. State Supreme of the road been sold up to latest dates. Negotiations for the purchase
by the city are still under way.
Court,denying the voters' right to grant or regulate or to set aside franchises
Interests allied with Peabody, Houghteling & Co. hold the $300,000 6%
913. p. 791.
see V.
collateral trust notes which matured June 1 1912 and are secured by entire
On Oct. 16 1912 stockholders authorized $1,136,400 additional pref. stock ($1,000,000)
of the railroad company, the stock being owned by Mr.
stock for extensions and impts. V. 95, p. 891, 1040.
Crawford. See V. 95. p. 545; V. 94, p. 1628. 1450. 1383. 1318.
In Nov. 1913 stockholders were offered the right to subscribe at par for
Decision.
-On Aug. 25 1914 the U. S. District Court held that the fran$2686,200 new pref. stock. V. 97, p. 1357, 1205.
chises were valid, in
In Dec. 1913 a further amount of pref. stock was offered, making tote from revoking the the suit brought by the company to restrain the city
company's franchises under resolution passed by the
outstanding $13,676,900. V. 97, p. 1734.
City Council on Dec. 23 1910. V. 99, p. 749.
In Dec. 1913 stockholders auth. an issue of $15,000,000 5-yr. 6% mtge.
STOCK AND BONDS$7,000,000 were issued to refund the 2-year notes
Maturity.
gold bonds, of which
Date.
Interest. outstanding.
Common, 51,000,000
$1,000.000
due Feb. 1 1914.
Preferred, $250,000
51,466,800 com, stock is owned by Pub. Sera. Inv, Co.
250.000
First mortgage, 51,000,0001 1008
5 g M.N
See text.
825.000
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS($1.000 and $500) gold__c* }First Tr. & Say. Bk., Chic., True. Int. at
Q-J 15 $18,557.800 July'14, 1%
Common $25,000,000 ($100)-- --__
First Nat, Bk.. Chic.. & 1st N. B.. N. V.
Q-J 15 13,676,900 July '14,134
Pt 515,000,0006% cum ($100) -___
Bonds.
-Of the $1.000.000 bend issue of 1908,5500,000 were issued to
5gF
-A
7,500,000 Feb. 1 1919 retire prior liens and
5-yr M gold bds $15,000,000 J 1914
floating Indebtedness and $325,000 have been issued
($10,000,$5,000,51,000)c*10Id Colony Trust Co., Trustee.
for new equipment and improvements; $175,000 are reserved for future
5 M-S
Pacific Coast Power first mtgel 1910
3.990.000 Mch 1 1940 extensions and improvements at
70% of cost and only to be issued upon
$10.000.000 gold ($1,000)IInt. at Harris Tr. & Say. Bk., Chic., Trustee. approval of Peabody,
Houghteling &
who offered the bonds for sale in
or at Hila
N vv arrgisForces & oston
& b o BCo , New York, or 1008. The first $825,000
a* &r (closed mortgage)___
.
mature $30,000 May 1 1913. 540.000 May 1 1914.
Co.,
$50,000 each on May 1 1915, 1916 and 1917, $60.000 yearly each May 1
5gF
-A
Seattle Elec Co 1st M, $5, 1900
5,000,000 Feb 1 1930 1918 to 1923 inclusive, $70,000
$70,000 May 1 1925:
000($1.000) gold___c*- ntf Int. at Boston Safe Dep.& Tr. Co., Trustee. May 1 1926 and $35,000 May 1May 1 1924; remaining 5175,000, if570,000
The
Issued,
5g F
-A
6,388,000 Aug 1 1929 will mature $35,000 May 1 19271927.$70,000 each May 1 1928 and
do do cons & ref $25,000; 1907
and
000 (51.000) gold__c*Scrtf Int. at Old Colony Tr. Co.. Boston. Trustee. They are subJect to call May 1 1913 or any interest date thereafter 1929.
at 105
Seattle By 1st M $500,000, g 1901
394.000 Nov 1 1921 and interest. V. 86, p. 1468; V. 89, p. 470.
5 g M-N
($1,000) guar p & 1_ _c* tf Int. at Boston Safe Dep.& Tr. Co.,Bost.,Tr.
EARNINGS.
-For year ending Dec. 31 1913, gross, $267,711. In 1912,
Pug Sd Pow 1st M $4,000,000 1903
3,022,000 June 1 1933
5 g -D
J
gold ($1,000) guar_ _ _csa Int. at Old Colony Trust Co.,Boston,Trust. gross, $241,691; in 1911, gross. $237,124.
Seattle-Everett mtge $5.000.-1 1009
ROAD.
-25 miles of track, from Seattle via Columbia City and Dunlap
3,100,000 Mch 1 1939
5 M-S
000 g (51,000, &e) o•&r_tf Int. at Old Colony Trust Co., Boston, Trustee to Renton. Rails. 56 to 60-lb 'I' md girder. Standard gauge; 34
Everett By, Lt & W 1st M. 1905
675,000 April 1 1925 passenger cars, 19 freight cars and 1 locomotive.
5 g A-0
$2,000,000 g ($1,000)c_ tf lInt, at Bankers Tr. Co., N. Y., Trustee.
-Receiver & Gen. Atty., Scott Calhoun; Receiver & Gen.
OFFICERS.
817,000 Feb 1 1941 Mgr.,Joseph Parkin;Sec.& Treas.and And.for Receivers, F. W.Goodhue.
-A
do do cons M 54,000,000, 1909
5F
cserr Int. at American Trust Co.. Boston, trustee. V.95,p.49,545,751,1208,1404; V.96, p.555,791,1022,1090; V.98,p.74;
gold
Everett By & Electric 1st 1901
5 g A-0
825,000 April 1 1921 V. 99, p. 749.
mortgage, $1,000,000, gold Int. at Bankers Tr. Co., N. Y., Trustee
(51,000)
tf No sinking fund and not subject to call.
SELMA, ALA.
Everett Water Co 1st mtge, 1901
500.000 July 1 1921
1
8 g J-J
$600.0M)i($1,000)_
c' alInt. at Bankers Tr. Co.. N. V., Trustee
_
SELMA STREET & SUBURBAN R Y. CO.
Pug Sd El 1st CODS M. 55,-1 1903
5g F
-A
3,851,000 Feb 1 1932
ORGANIZATION.
-Incorporated in Alabama on Apr. 8 1891. In
500,000, gold ($1,000)c* tf JInt. at Old Colony Trust Co., Bost., Trustee
1909 control was purchased by the American Pipe & Construction Co. cf
do cons & ref M,$15,000,000 1911
See text
Philadelphia, which also controls the Selma Lighting Co. See V.88. p. 565.
STOCK AND BONDS- Date.
interest. Oestslanang. Maturity.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSTacoma By & P 1st M,gold 1899
5 g A-0 z$1,500,000 April 1 1929 Stock $125.000 ($100)--4125,000
($1,000),$1,500,000 not re- Interest at Old Colony Trust Company.
75,000 April 1 1922
New first mortgage $125,000 1902
5 A-0
damnable
c*- ntf 1. Boston, Trustee
a'tf Int. at Warren Say. Bank. Warren, Pa.,true.
(51.000)
Pacific Tract 1st M,55,000,-i 1907
5 gJ-J
See text July 1 1927
5 J-J
50.000 Jan 1 1921
1901
000 g (51,000)
c* Int. at Old Colony Trust Co., Bost., Trust. Old mortgage $50,000 ($500) Int.
at Citizens' National Bank. Warren, Pa.
c• tf
Whatcom Co By & Lt 1st M, 1905
5 g M-N
1,471,000 Nov 1 1935
$2,500,000 gold ($1,000)tf lInt, at Old Col. Trust Co.,
-550,000 new bonds are reserved to retire old mtge. bonds.
BONDS.
Boston. Trustee.
z Of this amount 5264,000 is owned by Puget Sound
D. L. Gerould Is trustee of the old mortgage.
Electric By
STOCK.
-In addition to the amounts of coin, and pref.
ROAD.
-Operates 8 miles of track in and around Selma.
stock reported
outstanding above there are non-interest-bearing receipts
OFFICERS.-Pres., Jos. S. Keen Jr.; V.
-P. and Treas., Geo. M. Bunt
corn, and $1,115,200 pref. stocks exchangeable at par for for $1,568,820
Sec. and Asst. Treas., H. Bayard Hodge; Asst. See., Wm. H. Roth;
by Jan. 15 1916. Preferred stock is redeemable at 125. stock certificates
Gen. Mgr., James H. Dawes. Office, 112 North Broad St., Philadelphia.
Bonds.
-Remaining 5-yr. gold bonds of 1914 are reserved for
tions, &c., at 75% of cost. Subject to call as a whole, but not in addi- V. 88, p. 565.
part,
at 101 and int, on any int. date until and incl. Feb.1 1917,and thereafter at
par and accrued int. Pacific Coast Power mtge. is closed. Red. at 105 &
SHAMOKIN, PA.
Mar. 1 1915 or at any int. date thereafter. See V. 90, p. 1102.
int. on
SHAMOKIN Sc MT. CARMEL TRANSIT CO.
Seattle Electric Co.
-Sinking Fund.
-On 1st M., 1% of entire amount
of the bonds outstanding Is payable yearly and $810,000 bonds were held
ORGANIZATION.
-Is a consolidation in July 1906 of the Shamokin &
by the trustee not canceled Dec. 31 1913; can be called as a whole or in part Mt. Carmel Electric Ry. and the Ashland & Centralia Electric By. V. 83,
for sk. fd. on any int. date at 110 and int. The consol. & ref. M. Is closed. D. 273.
bonds can be called in amounts not less than $500,000, and in smaller
The
STOCK
Date.
Interest. Outstanding. Maturity,
amounts for striking fund purposes at 105 and int. on any interest day. be- Common, AND BONDS4700,000
$529,250
ginning Aug. 1 1912. Sinking fund of 1% per annum started Oct. 1 1909: Pref. 5300,000. 6 non-cum
261,850
$326,000 of the bonds reported outstanding were held by trustee for e. f. New mortgage, $600,000_
f 1906
415,000
5%
1936
Dec. 31 1913. $1,344,000 are canceled and $7,639,000 reserved to retire
).Penn. Co. for Ins. on L. & GA.. Phila., True.
underlying bonds. V. 85, p. 222; V. 92, p. 189.
EARNINGS.
-For year ending June 30 1914, gross, $186,098; net, 581,'
Seattle Ry. bonds have a sk..fd. of 1% of bonds certified; up to Dec.31 1913
$32,000 had been canceled and $74,000 held in sk. fd. Bonds can be called 077. In 1913, gross, $178,479; net, $73,690.
as a whole (or in part for sk. fd.) at 110 and int, on two weeks' notice.
ROAD.
-Shamokin to Beaverdale, Green Ridge, Mt. Carmel, CunningMortgage is closed.
ham and Centralia. 20.25 miles of track; also Ashland & Centralia Elec. By.
Puget Sound Power Co.
-Mortgage is closed. Both prin. and int., as well
OFFICERS.-Pres.. E. W. Samuel, Mount Carmel, Pa.; Sec., Thos. M.
as sink. fd. payments, are guar. by the Seattle Electric Co. Can be ex- Righter, Mt. Carmel, Pa.; Treas.. Wm. Keefer Jr..
Mt. Carmel; Supt.:
changed for Seattle Electric consol. and ref. 5% bends, par for par. A sink- A. Howard Thomas, Shamokin.
-V. 83, p. 273; V. 94, p. 1628.
ing fund of 1% per annum of bonds outstanding commenced Mch. 1 1906;
5291,000 retired up to Sept. 1914. Subject to call as a whole (or in part for
s. f.) upon 70 days notice at 110 and interest.
SHAWNEE, OKLA.
Seattle-Everett bonds are a direct obligation of the Seattle Electric Co.,
SHAWNEE-TECUMSEH TRACTION CO.
but Pacific Northwest Traction Co. has assumed prin., int. and sinking
ORGANIZATION.
fd. payments on these bonds, and has mortgaged its entire property as
-Incorporated In Oklahoma on Feb. 13 1906.
security. They are additionally secured by the pledge of the entire issue Franchises are perpetual and exclusive for 25 years.
($200,000) of stock of the Puget Sound International Ry.& Power Co.and
STOCK AND BONDSDate.
Interest. Outstanding. Maturity,
5500,000 consol. mtge. bonds of the Everett By., Light & Water Co. The
mortgage is closed. A sinking fund of 1% on amount of bonds out begins Stock 5500.000 (5100) _______
$500,000
5 g J-D
Mch. 1 1914. Bonds are callable as a whole or for sink, fund at 105 and First mortgage 51,000,0001 1906
300,000
1926
($1,000) gold
a'JInterest at Equitable Trust Co.. N. Y., Tr.
Ink, on or after Mch. 1 1914. See V. 88, p. 1062; V.92, p. 1244.
Everett By. Lt. & Water Co.
-Of the $2,000,000 M.. $1,325,000 are reBonds.
-Can be called In 1916 at 105. No sinking fund.
served to retire prior liens. No s. f., but bonds subj. to call on any intEARNINGS.
-For 12 mos. end. Dec. 31 1913, gross, $48,389; net,
erest date upon 60 days' notice at 10734 and int. Of the $4,000,000 consol. taxes,
ante
$2,545. In 1912, gross, $42,329; net, after taxes, 52,902.




[VOL. xcix.

ELECTRIC RAILWAYS •

124

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SEPT" 1914.1

ELECTRIC RAILWAYS

ROAD.
-Operates 12 miles of track in Shawnee and between Shawnee
and Tecumseh. Standard gauze. 60 and 70-lb. T rail.
OFFICERS.-Pres. & Treas., Louis K. Hyde; Sec., W. M. Cut
Supt.. 0. II. Weddle.

SHEBOYGAN, WIS.
SHEBOYGAN RAILWAY & ELECTRIC CO.
ORGANIZATION.-/neorp. In Wisconsin June 8 1910 and took over
the Sheboygan Light, Power is By. Co. V.91, p. 871. Street railway franchise In Sheboygan perpetual. Electric-light franchise perpetual unless
lighting property is purchased by city under Wisconsin statutes of 1907.
STOCK AND BONDS.
Interest. Outstanding. Maturity
Date.
Stock ($100)
__
70,000 April 1 1926
Sheb L P & Ry 1st M $400,- 1896
5 g A-0
000 gold ($1,000)
Interest at Mercantile Tr. Co., N. Y.. trustee.
523,000 Apr 1 1926
Ref & hunt mtge $600,000 g 1910
5 A-0
sinking fund
c int. at Wisconsin Tr. Co., Milw., trustee.
612.000 July 1 1933
Sheb L P & Ry cons Ai $2,- 1903
5 g J-J
500.000 gold ($1,000)
lot, at Mercantile Trust Co., N. Y., trustee.
Bonds.
-Of the Sheb. L. P. & By. 1st 5s, $10,000 may be red, yearly at
105 up to $100,000. Sheb. L. P. & By. consol. bonds are subj. to call at
105 at any time. Of the ref. & impt. bonds, sufficient are reserved to retire Sheb. L. P. & Ry. 1st mtge. bonds. Red. on any int. day at 105 and
Int. Bonds are a lien prior to consol. mtge.
EARNINGS.
-For year ending Dec. 31 1913, gross. $286,159; net,
$98,014;In 1912,gross, 5264,857; net, $104,097.
-Operates 26.03 miles of track in Sheboygan, Including a line
ROAD.
to Plymouth, and leases 7 miles, Plymouth to Elkhart Lake. Standard
gauge. 60-lb. Trail. 28 cars.
OFFICERS.-Pres., Peter Reiss; V.
-Pros., J. P. Reiss; Sec. & Treas.
A. Westermeyer; Gen. Mgr., Edw. Hammett, all of Sheboygan.
-V. 91:
p.871; V. 93, P•
1727•

SHREVEPORT, LA.
SHREVEPORT RAILWAYS CO.
ORGANIZATION.
-Successor of the Shreveport Traction Co., the
franchises and properties of which company were purchased in July 1914
by the Shrovep.!iris. Co. Shreve. Trac. Co.,in turn,succeeded the Shrevep.
Belt Ry. Co. and Shreveport City RR., chartered in 1870, and purchased
the Highland Park Trac. Co. and the Shreveport City Suburban By. Owns
and operates entire street railway system in city of Shreveport.
Franchises.
-In 1912 all franchises of the company were extended until
1954. All franchises are free from burdensome restrictions.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
Stock $2,000,000
$1,000,000
5 g J-J
800,000 See text
1st M serial gold bds 53.000,-f 1914
000($100,$500 & $1 ,000)c lint. at Hibernia Bk.& Tr. Co., N.0.,Trus.
-Red. at 103 and int. on or after July 1 1918. The $800,000
Bonds.
bonds issued mature in annual installments as follows (par value $1,000
except for 550,000 of 5500 bonds and $20,000 of $100 bonds due in 1944):
$10,000, 1918 and 1919; 515,000, 1920 and 1921: 520,000, 1922 to 1927;
25,000. 1928 to 1932; $30,000,1933 to 1937;$25,000, 1938 to 1942; 120,000,
1943: 5210,000, 1944. The remaining $2,200,000 will fall due annually
as follows (par $1,000 except 1100,000 of $500 bonds and $80,000 of $100
bonds due in 1944): $5.000, 1925 to 1937; 815,000, 1938 to 1942: $20,000,
1943. and $2,040,000 in 1944. These remaining $2,200,000 bonds may be
certified and issued from time to time for hunts., extensions, additions, &c.,
under certain restrictions (V. 99, p. 199).
REPORT.
-For year end. May 31 1914, gross, $104,970; net, after
taxes. $137,639; int. on bonds. $40,000; surplus, $97,639.
-Operates about 30 miles of track; 60, 70 and 80-lb. rail.
ROAD, &c.
Owns and operates its own power plant. 19 single-truck and 19 doubletruck passenger cars; 4 work cars and 1 miscell. car.
-V. 99, p. 50, 199.

•

•

125

ROAD.
-Operates 119 miles of track in
hart, Goshen. La Porte, Michigan City and South Bend, Mishawaka, Elk
interurban lines between those
points. Gauge, 4 ft. 834 in.; 70 to 100-lb. T
rail. Owns 109 cars and 11
sub-stations.
OFFICERS.-Pres.. Charles F. DieterIch, New York; V.
-P., C. M. Murdock; Treas., A. E. Dieterich; Sec.,
S.T.Murdock; Aud., W.J.McGraw;
Gen, Mgr., C. D. Emmons.
SOUTHERN MICHIGAN R Y.
-A trolley road.
Is controlled by same Interests as Chic. So. Bend
& Nor. Ind.
ORGANIZATION.
-Organized on Feb. 8 1906 as a consolidation of the
South Bend & Southern Michigan By.
Franchise In St. Joseph expires in 1935; Inand the Niles & Buchanan By.
in 1932. 1935 and 1936; In South Bend. Berrien Springs in 1935; In Niles
perpetual.
STOCK AND BONDSDate,
Interest, Outstanding, Maturity.
Stock $2,000.000
$2,000,000
First consol. rntge $1,980,0001 1906
5g
400,000 Mch 1 1931
gold ($1,000)
tff
South Bend & So Michigan}Interest at U. S. Mtge. & Trust Co., N. Y.
1902
5
750.000 Oct 1 1927
.first mtge $750,000 gold interest atg A-0
Harris Trust & Savings Bank.
($1,000 guar p &
tf
Chicago, Trustee.
Bonds.
-Of the 51.980.000 consols, $750,000 are
reserved for prior liens
and $830.000 for betterments and
call on any int. date at 105. The extensions. These bonds are subject to
following amounts are payable annually
Into a sinking fund from March 1 1909
standing; from March 1 1915 to Feb. 28 to Feb. 28 1915, 1% of bonds out1925. 114% of bonds out; and from
March 1 1925 to Feb. 28 1931 2% of bonds out.
The So. Bend & So. Mich.
bonds are not subj. to call. $5,000 per ann. Is
payable into a sinking fund on
these bonds. commencing Jan. 1 1907. See V.82,
p. 1158 and V.83. p. 493.
EARNINGS.
-For 12 mos. end. Dec. 31 1913, gross,
*203,183; net.
$92,618; deductions, $69,606; surplus, $23,012.
ROAD.
-Operates a line from South Bend to St. Joseph.
Total track,
35 miles. Standard gauge; 70-lb. T rail. Has 12
motor cars. 2 baggage
and express cars and 4 sub-stations. General Electric
and Westinghouse
equipment. Purchases power.
OFFICERS.-Pres.. Chas. F Dteterleh, New York: V.
-P.. ("has. M.
Murdock; Treas., A. E. Dieterich, New York;
W. J. McGraw; Gen. Mgr., C. D.Emmons. Sec., S. T. Murdock; AUd•,
-V.83. p. 273,493,

SOUTH WALPOLE, MASS.
NORFOLK Et BRISTOL STREET R Y.
ORGANIZATION.
-Incorporated in Massachusetts in November
1901.
STOCK AND BONDSDile.
Interest. Outstanding, Maturity
Stock. $200,000 ($100)_ _____
$200,000
1st mtge. $200,000 ($1,000),‘ 1908
5 g J-J
200,000 July 1 1928
gold, sinking fund
lint. at American Trust Co., Boston. Trustee.
Bonds.
-Bonds are subject to call at 105 after 1913.
EARNINGS.
-For 12 mos. end. June 30 1913, gross, $96,008;
net.
$21,151.
ROAD.
-Owns 21.723 miles of track between
Wrentham; 21 passenger cars and 4 other cars. Norwood, Mansfield and
OFFICERS.-Pres., R. G. Ferrenden; Sec., N. I. Adams;
Treas., H. F.
Smith; Gen. Mgr.. H. A. Cavanaugh.
-V.87, p. 936. 1238.

SPOKANE, WASHINGTON.
ARLINGTON HEIGHTS MOTOR RY.-Two miles
of trolley track.
Stock, $50,000. Road leased to Washington
Water Power Co.

SPOKANE & INLAND EMPIRE RAILROAD
CO.
/n Dec. 1909 Great Northern By. acquired
control. V. 89, p. 1598.
ORGANIZATION.
---Incorporated in Washington
consolidation of the Coeur D'Alene & Spokane Ky.. Jan. 15 1906, and Ise
the Spokane Traction
Co., the Spokane Terminal Co. and the Spokane
& Inland Ry. N. W. Harris & Co.. Harris Trust & Savings Bank and E. 11.
SIOUX CITY, IOWA.
Rollins & Sons offered
the bonds for sale. Has a light and power franchise in
SIOUX CITY SERVICE CO.
ports all kinds of heavy and light freight traffic, as Spokane. Transwell as passengers,
ORGANIZATION. ETC.
-Incorporated on June 7 1905 in New Jersey. and exchanges freight with steam roads.
STOCK AND BONDSIn March 1909 increased capital from $250,000 to $2,000,000,in order to
Date.
Interest. Outstanding.
Maturity
acquire stock of Sioux City Traction Co. V. 88, p. 1129. Franchises of the 00in. $100300.000. $100 _
$10.000,000
Sioux City St. Ry. (succeeded by Sioux City Trac.) run for 50 years from Preferred rights. $10,000,000
1889; other franchises run for 25 years from 1908. These latter are on the
($100), 5% (see text)
6,409,100 Oct20'07,13(
terms of 5-cent fares with transfers and 2% of gross earnings after the city 1st and ref mtge, 515,000:000 1906
5 g M-N
3,913,000 May 1 1926
has a population of 75,000.
gold ($1.000)
ti Int. at First Trust & Say. Chicago.trustee,
Operates all street railway lines in Sioux City, and sells electricity and
or at First National Bank, New York.
Spok Trac 1st M.$1,000,000. 1905
steam heat for commercial purposes.
5 g J-J
151.000 See text.
gold ($1,000)
c&rtf lint. at Title Guar. & Trust eo.. N.Y.,trustee
STOCK AND BONDSDate.
Interest. Outstanding. Maturity 0 D'A & S 1st H.$500,000, it I 1903
442,000 Jan 1 1929
5 g J-J
Stock, 52,000.000 ($100)__
$2,000,000
($100. $500&$1,000)_e•tt lint. at Title Guar. & Tr. Co.. N.Y., trustee.
First & ref mtge 85,000,0001 1910
5 J-J
1,358,000 Jan 1 1928 Spok Term 1st mtge, $5004 1905
5 g F-A
245,000 See text.
($1,000) gold
c•tf Illinois Tr. & Say. Bank, Chic., trustee.
000.gold($500 &$1.000e• tf) Interest at First Trust & Say. Bank,Chicago,
Sioux City Trac 1st
$750,- 1899
5 g J-J
750,000 July 1 1919
trustee, or at First National Bank, Boston.
000, gold ($1,000)
OlInt. at Bk. of Montreal. Chic. or N. Y., Trus.
Bonds.
-Of the
Bonas.-$750.000 1st & ref. bonds are reserved for prior liens, $2,872.000 reserved to retire $15,000,000 first and refunding bonds, $964,000 are
$838.000 bonds of the subsidiary companies and
are for add'ns & impts. at 75% of cost, and $20,000 have been retired.
Red. $10.000,000 for 75% of cost of permanent extensions and additions, but
at 105 and int. on any int, date after 1915. Sink. fd.
began in 1913, only when the net earnings for the preceding twelve months have been
which by 1928 will aggregate $1,200,000. Int, payable
in N. Y. and Chi- at least twice the annual Interest charge on all bonds outstanding and
cago. V.90, p. 1555.
lobe issued. Are subject to call from May 1 1911 to Nov. 1 1915 at 10734
EARNINGS-For 12 mos. ending May
itd interest; thereafter
$354,909; Int., taxes, &c.. 5142,749; reserve31 1914, gross, 5787,631; net, standing is payable to a at 105 and Interest. One per cent of bonds outsinking fund from 1911 to 1915. 114% from 1916
for renewals and replacements,
573,843; balance, surplus, $138,317.
to 1320 and 2% from 1921 to 1925
See V. 83 n. 1291 and V. 86, D.
721. $123,000 have been retired. The Spokane Trac. Co. bonds are due
ROAD -Operates over 51 miles of track (of
which 7 miles on private $10.000 annually from July
right of way). 60 and 80
1910 to 1914 at 105 and int.• $15,000 annually
-lb. rails. 80 cars.
July 1915 to 1924 at 105 and int.: remaining $700,000 on July 1 1925 at par
'
OFFICERS.
-Pros., Robt. J. Dunham; V.
-P., Edward Tilden; Sec. and and int. Bonds are subject to call as an entirety at 105 and interest
Treas., J. II. Ricker; Gen. Mgr.. E.
on
L. ICIrk.-v. 90, p. 54, 1171, 1555; 60 days' notice. V. 81, p. 841. The Spokane Term. Co. bonds mature
V. 93, P. 290; V. 96. p. 1158; V. 98, p. 1768; V.
512.500 on Aug. I from 1910 to 1929 inclusive and $100,000 on Aug.
99.1). 610.
1 1930.
The unissued bonds mature In 1930 and are subject to call at 105 and
int. On
the Coeur d'Alene & Spok. By. bonds a sinkingfund of 5% of net earnings
is
SOUTH BEND, IND.
provided. Bonds are subject to call after Jan. 1 1914 at 105
and interest.
CHICAGO SOUTH BEND & NORTHERN INDIANA RR.-Trolicy road.
Stock.-Pref. rights became cumulative after Jan. 15
1911. After 5%
ORGANIZATION.
-Incorporated in Indiana in Jan. 1907 as successor paid on common the pref.
Is to share ratably with the common up to 7%,
to the Northern Indiana By. which had consolidated the Indiana By., the but not
higher. Preferred stock can be redeemed at any
South Bend La Porte & Michigan City By.. the Michigan City Electric Co. share and has
time at $135 per
no vote.
and the Michigan City Traction Co. Franchise perpetual in Mishawaka,
Dieidends.-First dividend on pref. rights-13i
Goshen, South Bend, La Porte and Michigan City; In Elkhart expires in
%-was paid Jan. 20 1906
1957. Operates all local electric lines in above cities and the interurban end 134% was paid April, 134% July and 134% Oct. 1907. None
since.
line joining them.
EARNINGS.
-For year ending June 30 1913, gross. 51.616,782'
net,
STOCK AND BONDS.- Date.
Interest. Outstanding. Maturity. after taxes. 8369.267; other income. $4,936; int.. $451,732; other deductions, $999; deficit. $78.529. In 1912, gross. $1.632.509;
Common $5,000,000 ($100)$5,000,000
net, after taxes.
$392,706; int., $440,707; other deductions, $22,167;
Pref $2,500,000 5% cum
2,500,000
deficit. $70.168.
($100) after Jan 1 1909_ _ _ _
ROAD.
-Operates 290.94 miles of track
New 1st mtge $5,000,000 1007
5 g J-J
2,319.000 Jan 1 1937 spurs), including lines in Spokane and to (single, double, sidings and
Coeur d'Alene and Hayden
tf Int. at Central Trust Co.. N. Y.. Trustee. Lake on the east; to Colfax,
gold ($1,000)
Palouse, Washington
Nor Ind Ry 1st con M, $4.- 1906
5 g J-J
607,000 Jan 1 1936 on the south: and an extension from Greenacres on and Moscow. Idaho,
000,000. gold (51,000)- _tf Int. at U. S. Mtge. es Trust Co.,
Coeur d'Alene
New York. sion to Spokane. Ou.side of Spokane the road is in accordance DiviIndiana Railway 151 mort-I 1901
with
5 g J-J
1,000.000 Jan 1 1930 standard steam railroad specifications. Company owns
valuable passenger
gage,$1,000.000. gold ($1.-)Girard Trust Co., Philadelphia, Trustee.
terminal and office building In the heart of
Spokane and freight terminal
000)
cstfl Interest at Standard Trust Co., New York. located between the Great
Northern and Northern Pacific terminals,
Indiana By 2d Mtge, 8150;1 1904
and
5 g F-A
150,000 Aug 1 1924 has physical connection with
000 ($1,000). gold
tff Int. at U.S. Mtge. & Trust Co., New York. hydro-electric plant of 20,000 all roads entering Spokane. Also owns a
h.p. capacity 9 miles below Spokane.
La Porte & Michigan City Tr) 1905
5 g J-J
332.500 July 1 1930
OFFICERS.
-Pros., L. C. Gilman, Portland,
1st M. $350,000 (5500).}Interest at First Trust & Savings
Ore.; V.
-P., Waldo G.
Bank, Paine; Sec.& Treas., W.G.Davidson; Comp.,
f. subject to call
tfl Chicago, Ill.
V.90 p. 978; V. 91, p. 946, 1513; V. 93, p. W.F.Turner-V. 89, p. 1598;
Bonds.
-On the lnd.Ry. 1st 5s a sinking fund of $10,000 per
164; V.94.p.274: V. 95. p858
annum be- 1203;V. 97. p. 884, 1025.
'
gan Jan. 1 1905; bonds to be bought in open market. Are not subject
to
call. The 2d 5s have a sinking fund of $2,000 per annum beginning Aug.
1
THE WASHINGTON WATER POWER
1906. These bonds are subject to call. Nor. Ind. 1st consols
CO.'S SYSTEM.
are subject to Street Railway. &c.
-Spokane
call. See V. 82, p. 568. On the La Porte & Michigan
City Traction Co.
bonds a sinking fund of 1% per annum of bonds out is
ORGANIZATION.
-Chartered in Washington Mar 13
operative from 1910
1889 for 50 years.
to 1914: from 1915 to maturity. 2% per annum. Of the new first
Comprises the following companies:
mtge. Big
bonds. 0305.000 are in treas., $2,100,000 are reserved
to retire prior liens CityBend Power Co.
Post Falls Power Co.
and 8276,000 for improvements.
Park Transit Co.
Ross Park Street By. Co.
Edison Electric Illuminating Co.
EARNINGS.
-For cal. year 1913. gross. $867,866;
Spokane Cable Rys. Co.
net, $388.276; de- Falls City Land.& Improvement
ductions, $249,341; surplus. $138,935.
Co.
Spokane Electric By. Co.
Idaho-Wash. Light & Power Co.
Spokane Street By, Co.




ELECTRIC RAILWAYS

126

V.97,p.523.
The Idaho-Wash. Lt.& Pow.Co. was acquired July 1 1913.
inRiver at Spokane,
Owns all the water power on the SpokaneWater Power Co. Wash.,
Also owns
of Spokane Falls
cluding former property
Arlington Heights Motor Ry. Co. Company owns (exclusive of property
operates in 12 towns south of
of the Idaho-Wash. Lt. & Pow. Co.. which
Spokane, ranging from 40 to 90 miles distant covering a territory extendbusiness at
ing over Washington and Idaho), the entire electric-light Harrington,
Spokane. Hillyard, Odessa, Colfax, Reardon, Davenport,
Garfield,
Sprague, Ritzville, Lind, Pullman, TJniontown, Colton. Palouse,Elberton,
Frarmington, Oakesdale, Tekoa, Spangle, Endicott, St. John, Moscow,
Almira, Creston, all of Washington, and
Belmont, Wilbur,
Genessee, St. Merles, Troy all of Idaho.; also 537.8 miles of transmission
lines, supplying towns of Couer d'Alene. Post Falls, Rathdrum, Wardner,
Wallace, /VIullan and Burke, Idaho, and Rockford, Fairfield. Cheney,
Medical Lake. Owns hydraulic plants as follows: 12,000 h. p. at Spokane.
15,000 h. p. at Post Falls, Idaho; 27,000 h. p. at Little Falls, Wash.; completed in 1911. Owns 19,000 h. p. steam turbine plant at Spokane. Now
constructing 66.000 h. p. hydraulic plant at Long Lake, Wash., to be completed and in operation in Dec. 1914. Franchises of electric lighting and
power business have 33 years to run from 1911 and street railways an average of about 20 years.
-In April 1914 the company purchased
Transmission Lines Purchased.
the transmission system of the Lewiston-Clarkston Improvement Co.
See V. 98, p. 1539.
On Marcia 15 1910 stockholders voted to increase authorized capital
stock from $10,000,000 to $15,000.000.
In July 1913 shareholders were offered the right to subscribe to about
$500.000 7% notes. V. 97, p. 597.
Shareholders voted on Dec. 2 1913 on increasing capital stock from
$15,000,000 to $20,000,000. V. 97. p. 1505.
Interest. Outstanding. Maturity
Date.
STOCK AND BONDS.Q-J
$15,490,000 Oct'14,1% %
Stock $20,000,000 ($100)- -239,000 July 1 1929
5 g J-J
1899
let consul mtg. and collateral 1 -35.000,000. gold ) Interest at Franklin Trust Co.. Brooklyn.
trust.
c•&r N. Y.. trustee.
($1,000)
4,834.000 July 1 1939
1st ref mtge. $15,000.000 g1 1909 5 J-J
t
& r*J /nt. at Farmers' L.& Tr. Co.. N.Y. trustee.
($1,000)
2,274,000
Bills payable Dec 31 1913.-__
& ext. mtge. bonds, $239,000 are
Bonds.
-Of the $15,000,000 refunding
reserved to retire lot mtge • $9,000,000 are for additions and extensions
at not to exceed 50% of cost and 3400.000 are in treasury; $527,000 have
been canceled by sink. fund. Sinking fund of 2% per annum of bonds out
began Sept. 1909 for purchase of bonds at not exceeding 110 and int., but
bonds cannot be drawn. Bonds are redeemable as a whole at option of company at 110 and Int. V. 88, p. 54, 1003. Bonds are listed on N. Y. Stock
Exchange. V.89, p. 1544.
Dirtdends.-In 1900,3%;In 1901.4%:in 1902, 5%;In 1903,6%;in 1904.
0, In 1912 and
7
6%; 1905 to 1910, Incl.. 7% per annum. In 1911, 7X,
1913.8%. In 1914, Jan., 2%; April, 2%; July, 2%. In Oct. rate was
reduced and 11% was paid.
-For cal. year 1913, see V. 98, p. 605.
REPORT.
Depre- Profit
Bond
Net (after
Div. Balance,
Total
Taxes.). Int.,&c. nation. & Loss. (8%). Deficit.
Receipts.
Cal.
Year
2,914,950 1,623,277 *172,514 325,000 16,572 1,126,552 17,361
1913
3,170,245 1.567,892 *152,596 325,000 16,751 1,125,120 49,575
1912
* After deducting $92,346 in 1913 for int. on work under construction,
against $116,051 in 1912.
Passengers carried (city lines only) in 1913, 19,437.009; against, 20,726.062 in 1912.
-System consists of 112.30 miles of track. City lines occupy
ROAD.
49.51 miles of streets. Standard gauge; 60 to 107-1b. T. rails. Does a
freight business under special franchise.
-P.. W.J. C. Wakefield:
-Chairman of Exec. Comm. & V.
OFFICERS.
-P. & Gen. Mgr., C. S.
-P., II. L. Bleecker; V.
Pres., D. L. Huntington; V.
MacCalla; Sec., A. F. S. Steele; Treas., Y. M.White; Aud.. G.B. Colpas:
-V.92, p. 190, 528, 591, V. 94, p. 557; V. 96, p. 495, 647; V. 97. p. 523.
597. 1505; V. 98, p. 454, 605; V. 99, p. 818.

[VOL.

xcix.

of the New Jersey St.Staten Island Ferry Co. For terms of reorganization
1091. Franchises are perpetual.
and complete statement of plan,see V. 4,0.7
-On April 28 1911 Clourt of Appeals rendered a deciTransfer Decision.
We requiring the exchange of transfers between Manor Road line of the
8.1. Mid. Ry.and connecting lines of R. L. & RR. V.92, p. 1179.
Interest. Outstanding.
Maturity.
STOCK AND BONDS.- Date.
$2,871,750
Stock $3.000,000 ($100)2.200,000 July 1 1952
First collateral trust mtgl 1902 4 g J-J
tfl Int. at Guaranty Trust Co., N. Y., trustee.
$2,500.000 gold
691.737
Current liabilities June 30 1913
donds.-$300,000 are reserved for the acquisition of new property.
EARNINGS.
-For year end. June 301913,gross, $382,629; net (deficit)
after taxes, $14,072; other income, $169,814; int.. &c., $125,040; bal.,
surplus. $30,702.
-Road from South Beach to Howland Hook, 10.9 miles;
ROAD.
branches, 6.89 miles; 2d track, 12.76 miles; sidings, 1.30 miles; total track,
83.32 miles; 90-lb. girder Cambria and 85-lb. girder Johnson steel rails;
135 passenger and 8 other cars.
-P. &
OFFICERS.-Pres. C. W. Hotchkiss, 55 Wall St., N. Y.. V. 78,
p. 78. al; V.
Gen. Mgr., R. L. Rand; Sec., J. E. Philllps.-V. 75,
p. 103; V. 92, p. 1179.

es,

STATEN ISLAND MIDLAND RAILWAY CO.
-Incorporated in New York on Jan. 16 1907 as a
ORGANIZATION.
Co. sold under sequesreorganization of the Staten Island Midland Railroad
tration proceedings on Jan. 3 1907.-V. 84, P. 222.
-See under Rich. Lt. & RR.above. V.92, p. 1180.
2'ransIer Decision.
Interest. Outstanding.
Maturity.
Date.
STOCK AND BONDS.
$1,000.090
Stock 51.000.000 ($100)- _ 1,000,000 Jae 21 1926
5gJ J
96
S I Mid RR 1st mtg 31.000:000118 at Farmers'L. & Tr. Co., N.Y.
.trustee.
e* al Int.
gold (31,000)
be called.
Sinking fund after 5 years but bonds cannot
30 1913. gross, 3297.962; net, after
-Year ending June
EARNINGS.
$58,465; surplus. 310.104.
taxes. $67.154; other inc.. 31,415; hit. & rentals,
-lb.
-lb. T and 90
70
-Owns 28.43 miles of track. Rails 65 to
ROAD.
girder.
Hotchkiss, 55 Wall St., N. Y. City; Sec..
OFFICERS.-Pres., C. W.
-V.84. p. 222; V. 92. p. 1180.
A. M.Stillwell. New Brighton, N. Y.

STOCKTON, CALIFORNIA.

-An electric road.
CO.
CENTRAL CALIFORNIA TRACTION
-Organized in California In Aug. 1905 to construct
ORGANIZATION.
cenelectric roads for passengers and freight in theway.
an Interurban system of
over private right of
tral valleys of California. Road operates
all the cities of the system run for 50
In the cities. Franchises inpassenger franchise was awarded comexcept
Fears. An additional freight and
An assessment of $5 a share
pany in May 1909 for City of Sacramento. p. 667.
was called for payment Feb. 20 1908. V. 86, auth. stock to $4,000,000.
to increase
On May 8 1911 shareholders voted
V. 92. p. 955.
of which $3,000,000 is corn, and 31.000,000 pref.
Interest. Outstanding. Maturity.
STOCK AND BONDS.- Date,
$2.998,900
Common $3,000.000 ($100)--1,000,000
Frei 31.000.000(810016% cum ---1,483,000 April 1 1936
g A-0
5
First mortgage 31,500,0001 1906
Trust Co. of San Fran.. True.
($1,000) gold sink fund tt;Int. at Union
1912 with $15,000 per
Bonds.-SInk. fund on 1st M. bonds began in
10 years and $45,000
year for 10 years, $30,000 per year for the succeeding Int. day at 105 and
red. on any
per year for remaining 4 years. Bonds are
int. on 60 days' notice.
-For year end. June 301913.gross,$325,515; net, $96,031:
EARNINGS.
$302,569; net,
int., & taxes, $86.940; surplus, $9,091. In 1912, gross,
$88,123; Int, and taxes, $79,889; surplus, $8,234.
Stockton and an interurban line from
-Operates in the city of
ROAD.
Stockton through Lodi to Sacramento. Total track operated. 70.8 miles.
Company carries Wells Fargo express matter.
SPRINGFIELD. MASS.
-Ps., M. Fieischhacker. Geo. W.
OFFICERS.-Pres.. Alden Anderson; V.
SPRINGFIELD STREET RY.-See New England Investment & Securi- Peltier and H. Fleishacker; Sec. & Treas., A. N. Baldwin: Gen. Mgr.,
ties Co. under New Haven.
-V.84.p.507,867;
0.II. Robertson. Office, 233 Post St.. San Francisco. 99, p. 747.
V. 86, p. 667; V. 92, p. 394, 955; V. 95, p. 1744; V.

SPRINGFIELD, MISSOURI.

-See Federal Light & Trao.
SPRINGFIELD RAILWAY & LIGHT CO.
00. tinder New York City.

SPRINGFIELD, OHIO.
SPRINGFIELD & XENIA RAILWAY CO.
-Incorporated In Aug. 1906 to succeed the SpringORGANIZATION.
Springfield
field & Xenia Ry., which was organized In 1904 to succeed the 83. p.214.
Xenia Traction Co., which had been sold under foreclosure. V.
&
Maturity.
Interest. Outstanding.
Date.
STOCK AND BONDS3300.006 Dec'13,2%
Common,5300.000 ($100) _
300,000 June'14,1)4
Q-J
Prat $300.000 ($100)5% cum- ---1909,
-First dtv. on pref.. 4%. was paid Oct. 1 1908. In Mar..
Dividends.
Ia 1913.
1%; 1911. 8X%. In 1912, 6%%. 2% extra, which
,
534%: in 1910 4,
134; June. 13i''; Sept., 134%; Dec.. 1(% regular and
1914, Mar., 1%%; June,
pays accumulation in full to Jan. 1 1914. Inof 2% paid Dec. 1913.
V. 97. p. 1824. Initial div. on corn,
Dec. 31 1913: gross, $85,908; net, after
-For year end.
EARNINGS.
$20,890.
taxes, $29,010. In 1912. gross, $74,377; net, after taxes.
-Operates 20 miles of track connecting Springfield and Xenia
ROAD.
cars.
Rails. 70-lb. T; five
-P., Geo. A. Coulton;
OFFICERS.-Pres., Warren Bicknell. Cleveland; V.
M. Ackerman. Springfield.
Gen.
Sec. & Treas.. Chas. S. Thrasher;Co. Mgr., p. 937; V. 88. p. 376. 1129.
-V.87,
Oper. Mgrs.. The Warren Bicknell
1255;V.92,p.120; V.93.p.872.1790; V.913,p.63; V.97.p.1884.
SPRINGFIELD TROY & PIQUA RY. CO.
-Incorporated in Ohio April 20 1908. Franchises
ORGANIZATION.
expire in 1928.
was issued to comply
The road was financed by its officials; $70,000 stock There are no bonds.
amount.
with law requiring Issue of 10% of authorized
-For cal. year 1913: gross, $121,320; net, 313,254. In
EARNINGS.
1912, gross, $116,682; net, after taxes. $22,170.
Troy, O.; began
-Operates 30.46 miles between Springfield and33 miles.
ROAD.
and sidings,
Operating in July 1904'including second track
Standard gauge.
60 and 70 lb. T.
-P. and Gen. Mgr..
OFFICERS.-Pres. and Treas.. John L. Bushnell: V.
01110.McGrew. General office, Springfield,
Fred..1. Green; Sec., J. F.
v. 78. v. 2383
.

SPRINGFIELD, VERMONT.

-A trolley road.
STOCKTON ELECTRIC RR.
/s controlled by Sou. Pao. Co.
-Stock, $500,000; first mtg., $300,000 ($1,000)
STOCK AND BONDS.
Int. at
gold 6s. A.-0., 3115.000 outstanding, dated 1892. due (Sot. 25 1917:annual
Co., San Fran., trustee. Sinking fund provides for an
Union Trust
from 1902 to 1905: 3% 1905 to
payment of 2% of outstanding bonds
Of double
1909; 4% 1909 to 1913. Bonds cannot be called. Owns 6.25 M.
track in Stockton.
-For year ending June 30 1913, gross, 3192.040; net, after
EARNINGS.
taxes. $72,975; int.. $28,379; surplus, $44,596.
-Operates 14.98 miles of track.
ROAD.
-P., Wm, F. Herrin: Sec..
OFFICERS.-Pres., James H. Budd; V.
H. A. Culloden; Manager, Frank W. Webster. Office, Pacific Electric
-V. 76. p. 159.
Bldg., Los Angeles, Cal.
TIDEWATER SOUTHERN RY.
ORGANIZATION.-Incorp. on Mai. 11 1912 as a consolidation of the
projected Tidewater & Southern RR. (V. 93, p. 1790) and Tidewater &
Southern Transit By. It is proposed to construct a 227-mile Ilne from
Stockton to Fresno via Turlock, incl. branch lines.
There is now subscribed 2.000,000 shares held for voting purposes, to
cover control during the first seven years, or during the construction period.
$896,307 stock is outstanding in the hands of the public. There are $114,000 (see below) notes held by the Clearing House at Stockton, dated about
July 1 1914, and due in 13 months, but it is stated that these notes will be
retired before maturity.
Interest, Outstanding. Maturity •
STOCK AND BONDS. • Date.
See text
Stock $5,000,000
5g A-0 15
330,000 Apr 151942
First mortgage $4,000.0001 1912
_'Union Trust Co., San Francisco, trustee.
gold ($500 & 81,000)
See text
114,000
1914
Notes
Sonas.-First mtge. bonds are issuable at $20,000 per mile. Subj. to
call at 103 on any int. day. Sink. fund 2% of bonds out after 3 yrs. and
3% after 10 yrs. Int. at company's office.
-Has constructed and electrified 33.1 miles of the 227 miles proROAD.
posed between Modesto and Stockton. Operation of this line began Nov. 9
1913 (V. 97, p. 1505). Operates a 2-hour passenger service between Stockton, Atlanta,Escalon and Modesto. Also has 53 miles of track west of
Turlock. Has contract for power with Sierra & San Francisco Power Co.
Treas..
oFFICERS.-Pres..Byron A. Bearce: V-.P., J. A. Coley; Sec.&p.
-V.94, 1384:
Karl O. Brueck. Office, 25 So. Sutter St., Stockton, Cal.
V.95,p. 112,237,818, 1040,1274; V.97,9. 177, 238,1505; V.99.p.818.

RY.-A trolley road.
SPRINGFIELD ELECTRIC
from
-Length of road, 6)4 miles (9 miles track)
ORGANIZATION.
STREATOR, ILLINOIS.
Charlestown. N. H. Freight and passenger road.
Springfield. Vt., to
all outstanding; 6% pref. stock.
375.000.
Capital stock, common (auth.). M. for 8100.000 of 5% gold $500 and
ILLINOIS VALLEY GAS & ELECTRIC CO.
debt, $82,781; 1st
815,300; floating
This company was merged on Nov. 1 1911 into the Publics Service Co. of
1 1897, due Nov. 1 1917; Int. M & N. at
dated
Northern Illinois, which see In our "Ry. and Industrial" Section.
81.000 coupon bondsBank. Nov.
Boston.
National Shawmut
1913. gross. $58.448; net, after
-For year ending June 30 income, $22,204. Pres. and
EARNINGS.
$1,357; gross
taxes. $20,847; other Income, and Treas.. M. A. Coolidge; Supt., A. J.
-P.
V.
SYRACUSE, N. 'Y.
Gen. Mgr.. E. C. Crosby;V. 70, p. 793.
1043;
-V. 64. p.
Crosby.
EMPIRE UNITED RAILWAYS, INC. (See Map on page 129).
ORGANIZATION.-Incorp. in N. Y. Feb. 18 1913 as a consolidation
of the Roch.Syracuse & Eastern RR.,Syracuse Lake Shore 8c Northern RR.
STATEN ISLAND, N. Y.
and Auburn & Northern Electric RR. on basis shown in V. 96, p. 553.
RICHMOND LIGHT & RR. CO
On Feb.4 1913 the P. S. Comm. auth. the Syracuse Lake Shore & Northformed as a reorganization on
ORGANIZATION.-Thls company was
ern RR.
RR., New York & Staten Island Ed sameto issue $350,000 short-term notes, Int. not to exceed 5%, and to
to pay outstanding notes. V. 96, p. 420.
of the Staten Island Electric
Aug. 15 1902
Power Co. Owns the entire Capital
Electric Co. and the Richmond County




•

SEPIL, 1914.]

114

ELECTRIC RAILWAYS

In Dec. 1913 the P. S. Commission authorized $20,000,000 1st & ref.
mtge. bonds, $9,600,000 to be issued from time to time to retire existing
obligations. including bonds and 3-year 6% notes. V. 97, p 1732.
STOCK AND BONDS- Date.
Interest. Outstanding
Maturity.
Common $7,300,000($100) _
$7,300,000
1st pref.6%n-c$2,000.000(3100)_ _ _ _
2,000,000
Pref 6% n-c $2.300,000($100
2,300,000
1st & ref mtge $20,000,000 1913
135,000 July 1 1963
5 g J-J
($1,000 & $100) No s fd; Int. at Equit. Trust Co.. N. Y., trustee.
red at 105 any Int day c*tf
Syracuse Lake Sh & No RR 1907
2,500.000 May 1 1947
5 g M-N
1st mtge $2,500,000 gold Interest at Columbia Trust Co., New York,
( 1,000)
trustee.
c* tf
Roch Syr ee East RR 1st M 57.- 1905
5.000,000 May 1 1945
5 g M-N
500,000, gold ($1.000)c*tf Int. at Columbia Tr. Co.. N.Y., trustee.
1,083,000 Feb 16 1915
Notes $1,137,000
6%
tf 1912
250,000 May 1 1945
Aut. ec. Nor Eke RR 1st in gel 1905
5 g M-N
31.000,000 ($1.000) g_c* tflEquitable Trust Co.. N. 'Y., trustee.
-Of these bonds 57,780.000.
Empire United Rys.. Inc., First & Ref. Mtge.
aro reserved to retire the 1st mtge. 5% bonds of the three companies In
above table, $1,945,000 to pay notes of Roch. Syra. & East. and for pure
chase of plant at Lakeland Jct., N. Y., and for various other capital expenditures made by constituent companies prior to execution of this mtge
See V. 97, p. 1732.
-Bonds are subject to call on May 1
Syracuse Lake Shore & Northern Mt.
1917 or any int. date thereafter at 110 & int. upon 60 days' notice. No
sinking fund. V. 88, p. 1501: V. 90. p. 1171.
Rock. Syracuse & Eastern RR.-Romatning $2,500,000 bonds have been
canceled. Are subject to call in any amount at 110 and int. on and after
May 1 1915. See V.80, p. 2459. The 3-year notes are red. at 101 and int.
Auburn & Northern bonds are subj. to call on or after May 1 1915 or any
Wt. period thereafter on 60 days' notice at 110. No sinking fund.
EARNINGS.
-Of merged companies for year ending June 30 1914. gross,
$1,431,220; net, $528,081; hit. & taxes, $544,986; balance, def., $16,905.•'
ROAD.
-Operates from Rochester to Syracuse and thence to Oswego.
Oswego city lines and from Auburn to Port Byron; total miles of track (incl.
6.42 miles under trackage rights), 245.74. Standard gauge; 56 to 110-1b.
girder and T rail. Has contract for power with Niagara Lockport & Ontario Pow. Co.
OFFICERS.-Pres., C. D. Beebe; V.
-Ps., H. S. Holden, E. D. Metcalf
and C. B. Benson; Sec., C. A Lux; Treas.. W. A. Holden; Asst. Sec., 11.0.
Beatty; Asst. Treas., W. W. Foster; Gen. Mgr., Ernest Goozenbach.
-V.96, p. 284, 359, 553, 1021; V. 97, p. 1663, 1732; V. 99, p. 119.

SYRACUSE $c SOUTH BAY ELECTRIC RR.
-(See May on page 127.)
ORGANIZATION.
-Incorporated In New York March 11 1907 as successor of the Syracuse & South Bay By.,sold at foreclosure on Feb. 21 1907
V.84. p. 627. All private right of way. Power is purchased from Niagara,
Lockport & Ontario Power Co. Company through stock ownership o
Oneida Lake Terminal Co. owns 300 acres of lake frontage on Oneida Lake.
Operates steamship line on Oneida Lake; also a pleasure park on French.
man's Island.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDSCommon, $1,000,000 ($100)$700,000
Frei,6% n-c, $500,000 ($100)$00.000
5 g J-D
474,000 May 1 1947
1st mtge. 51,000.000 (51.000)1 1907
etflEquit. Trust Co.. N.
gold
Trustee.
-Are subject to call at 110 on May 1 1917 or on any interest day
Bonds.
notice. No sinking fund.
thereafter on 60 days'
EARNINGS.
-For year ending June 30 1914. gross. $88,700; net,
$26,991; int. & taxes, $41,370; deficit, $14,379.
-Operates a double-track line over private right of way from
ROAD.
Syracuse to Oneida Lake, 12.18 miles. Has traffic agreement with N. Y.
State Rya. Co. to enter Syracuse. Road began operations Aug. 28 1908.
85 lb. T rail. Gauge, 4 ft. 8j.i inches. 22 cars.
OFFICERS.
-Pros.. C. D. Beebe, Syracuse; V.
-Pa.. F. W. RoeblIng,
Trenton. N. J.. and 0. A. Lux. Syracuse: See.. H. C. Beatty. Syracuse; Treas., W. W. Foster; Gen. Mgr.. Ernest Gouzenbach.-V. 84,
p. 627, 1183.
BUFFALO LOCKPORT & ROCHESTER RV.
-(See Map on page 127.)
Reorganizatton-Change in Control.
-In Jan. 1911 the Beebe syndicate
acquired control under reorganization plan, which reduced outstanding
bonded debt to $2,750,000; canceled all past
-due coupons (first default
Aug. 1 1909), incl. the one of Feb. 1911, and canceled all outstanding
equipment notes. V. 91. p. 1710.
ORGANIZATION.
-Incorporated on June 22 1905 In New York. Is
a consolidation of the Albion Elec. By, the Albion & Lockport By. and
the Albion & Rochester By.
STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common $2,500,000 ($100)--$2,500,000
Prof $1,500,000 6% non-cues _
1,500,000
1st mtge, $4,000,000, gold_.. _ 1 1904
5 F-A
2,750,000 Feb 1 1954
($1,000)
c• Mint. at Lincoln Trust Co., Trustee
Bonds.-lst M. bonds are subject to call at 110 & accrued int, on any int.
day on 3 mos.' notice after Feb. 1 1914.
EARNINGS.
-For year end. June 30 1914, gross, $417,052; net, $108,258; int. & taxes, $162,750; deficit. $54,492.
ROAD.
-Operates about 58 miles between Rochester and Lockport.
Rails 70 to 80-lb.
OFFICERS.-Pres., C. D. Beebe, Syracuse; V.-Pres., F. A. Dudley,
Niagara Falls, N. Y.; See., H. C. Beatty. Syracuse;
Treas., W.A. Holden,
Syracuse; Asst. Treas.,
-v.89, p. 347; V.91. W. W.Foster, Syracuse; Gen, Mgr., II. C.Prather.
p. 1710; V. 92. 1). 321.
AUBURN & SYRACUSE ELECTRIC RR.
-A trolley road
(See Map
on page 127.)
ORGANIZATION.
-Organized Sept.
Auburn City By. and Auburn Interurban30 1902 as a consolidation of the
Elec. RR. Franchises perpetual.
STOCK AND BONDS.
Interest. Outstanding. Maturity.
Common 51,250.000 ($100)- Date.
$1,250,000
Prf 6% n cum $750,000($100)
Q-J 15
712,000 July'14, I M
Auburn & Syracuse first and) 1902
5 g A-0
refunding mortgage $2,-}Int. at Harris, Forbes 1.460,000 Oct 1 1942
& Co., New York.
000,000 gold ($1,000)-c*U1Equitable Trust Co.. New
York, trustee.
3-year notes, $300,000..„ tf 1912
5F
-A
300.000 Feb 1 1915
Bonds.
-Of the $2,000,000 authorized, $540,000 is reserved for future extensions, but only when net earnings
at 110 and Interest on or after Oct. are double int. charges; subject to call
1 1912. See V. 75. p. 1201. Notes
are subj. to call at par and int. on any int. date.
Dietdends.-First dividend on preferred stock-1%- paid Nov. 1 1904.
then 1% Feb. 1 1905, May 1 1905 and Aug. 1 1905; Nov. 1 1905.
1 %
paid. (See V. 81, p. 1609.) In 1906, 5 It %; 1907 to 1913
annum. In 1914, Jan.. 134%; April, 13%; July, 13.%. incl.. 6% Per
EARNINGS.
-For year ending June 30 1914. gross, $469,914; net.
$137,601; int. & taxes, $115,364; dividends, $42,720; deficit. $20,484.
ROAD.
-Operates 41.19 miles road (63.93 miles of track). including
14.12 m.in Auburn and 17.1 m. from Auburn
to Syracuse. Has trackage
agreement with New York State Railways, allowing it to
enter Syracuse.
Owns Lake Side Park, about 33 acres. on Owasco
I express. 3 work. 3 service, 1 sweeper and 5 snowLake; 44 passenger cars.
plows; total. 58 oars.
OFFICERS.
-Peas., C. D. Beebe; V.
-P., II. S. Holden; Treas., W. A.
Holden; Sec., H. C. Beatty; Gen. Mgr., Ernest Gouzenbach.V. 81, p.
1600.

4

127

EARNINGS.
-For year ending Dec. 311913. gross, $137,865; net, after
taxes, $44,738; charges, $33,975; diva. (2%), $8,000; surplus, $2,763.
ROAD.
-Operates 18.52 miles of track from Syracuse to Edwards Falls,
with branch from Orville to JamesvIlle. Standard gauge; rails, 60 and 90
lbs.: 21 passenger and 5 other cars.
OFFICERS.-Pres.. C. 13. Beebe; V.
-P., H. S. Holden; Treas.. W. A.
Holden; Sec.,II. C. Beatty; Gen. Mgr.,Ernest Gouzenbach.-V
.81.P•1609.
a Ia2

TAMPA, FLORIDA.
TAMPA ELECTRIC CO.
-Trolley.
ORGANIZATION.
-Incorporated in Florida on Oct. 31 1899. Does a
street railway and electric lighting and power business In Tampa and
operates an electric railway between Tampa and Port Tampa. Franchise
Is for 999 years from 1899. $205,000 stock is held by the
Public
Investment Co. In April 1913 purchased the Tampa & Sulphur Service
Springs
Traction at foreclosure sale.
Stockholders voted Jan. 8 1912 to increase stock from 31,700,000 to
51,870,000. V.93. p. 1601. In Jan. 1914 was again increased
to $2.618,000 and in Feb. 1913 made a further increase
Stock was further increased to $2,614,500. to 52,244,000. V.98,p. 156.
STOCK AND BONDSDate. Interest.
Outstanding.
Maturity
Stock. 82,614,500 (6100)_
52,618.000 Aug.'14.2
• lit rice. $2,000 000 (51.(7:itil 1:1((S Q F 15
5 J-1)
855,000 June 1 1933
and $500) gold
et( int. at American Trust Co.. Boston. trustee.
Bonds.
-Bonds are subject to call at 105 and Int,
fund of 1% of bonds outstanding yearly is to be applied at any time. Sink.
to purchase of bonds
at not over 105 and int., bonds so bought to be
canceled; 544.500 have been
1912 and 1913. 10%.
Dividends.
-5% semi-annually for several years up to Nov. 1907, when
a div. of 2% was paid. In 1908. 7%; in 1909.
1912 and 1913, 10%; in 1914, Feb., 23.%; 7%; in 1910. 8%; in 1911.
May, 2% %; Aug., 2 %.
REPORT.
-For 12 mos. ending June
taxes. $418,782; interest, $46,580; sink. 30 1914, gross, $933,560; net, after
fund. $9,122; surplus. $363,080.
ROAD.
-Operates 51.57 miles of
gauge. 90 cars. Owns 2 amusement equivalent single track. Standard
parks.
OFFICERS.-Pres., Geo. J. Baldwin; V.
-Ps., P. 0. Knight, Guy L.
Weymouth and Chas. F. Wallace; Treas.,
Todd; Gen. Mgr.. Stone & Webster Mgt. Henry B.Sawyer; Sec., Alvah K.
Assn.
-V.87. p. 347. 546; V. 90.
p. 1045; V. 92, p. 323' V. 93, p.
408, 1192. 1601; V. 96, p. 654; V. 97, p.
1824; V. 98, p. 156.

TAUNTON, MASSACHUSETTS.
TAUNTON & P A WT UC KET STREET R Y.-Trolley.

Default.
-Interest due Jan. 1909 on
was defaulted.V. 88, p.453. 1On June the 5200.000 Bristol Co. bonds
Supreme Judicial Court sustained the 18 1914 the full bench of the Mass.
trustee, to foreclose the mtge. V. 97, right of the Federal Trust Co., as
p. 1505; V. 98, p. 1994. For bondholders' committee, see V. 88, p.
In June
of Boston, as trustee, applied to 884.Superior 1909 the Federal Trust Co.
Court at Boston for the appointment of a receiver. V. 88.the 1622.
p.
ORGANIZAT1ON.-Successor In 1905 to the Bristol County Street Ry.
sold at receiver's sale Dec. 17 1904, subject
to the mortgage given below.
Is authorized to carry freight. Franchises perpetual.
STOCK AND BONDSDate,
Interest. Outstanding.
Magus-Ulf.
Stock $100,000 ($100)$100.000
Bristol Co lit mtg 3250,0001 1901
5g.T T
200.000 Jan 1 1921
($1.000) gold
eel Interest at Federal Trust Co., Boston, trustee
Current liabilities June 30 1912
85,244
Bonds.
-Bonds could formerly be called for payment on Jan. 1
1906 at
105 on four week's notice but by a supplemental
mortgage dated Aug. 20
1901 right was rescinded.
EARNINGS.
-For year ending Tune 30 1912, gross. $48,591; net,
$4,343;
charges. $11,566; deficit, $7,223.
ROAD.
-Owns 17.623 miles of track, 90-1b. girder
and 56 and 60
-lb. T
rail. 14 passenger cars.
OFFICERS.-Pres.. John A. Arnold;
Geo. H. Newhall; Sec..
Jas. W.Burke: Gen. Mgr.. A.C.Ralph. V.79,p.2746;
Treas.. V.88.p.453.884.1622:
V. 97, p. 1505; V. 98, p. 1994.

TEMPLE, TEXAS.
SOUTHWESTERN TRACTION CO.
-A trolley road.
ORGANIZATION.-Incorp. In May 1911 In Texas. Is successor
to
Belton & Temple Trao. Co. sold at foreclosure.
On Oct. 8 1913 the capital stock was increased from $165,000 to $3,500,000. See V. 97, p. 1116.
STOCK AND BONDSDate,
Interest. Outstanding. Maturity.
Stock $3,500,000 ($100) _____
$165,000
1st mtge $130,000 gold ($50,1 1911
5 g A-0
130,000
1931
8100 & $500)
0•_ntifInt. at Commonwealth Tr. Co.. St Louis, Tr.
Bonds.-lst mtge. Is red, on any int. date during first 5 yrs. at
102:
thereafter at par.
ROAD.
-Operates 14.7 miles of track between Temple and Belton,
Tex.. with loop in each city. 60
-lb. T rails. Standard gauge. Extensions south to Austin and north to Waco are proposed, which would make
a line about 110 miles long.
OFFICERS.-Pres., A. F. Bentley; V.
-P., W. S. McGregor; Sec., W.0.
Bentley; Treas., P. L. Downs: Supt.. W. G. Haag.
It is reported that the company will increase it stock to $3,500,000.
V.97. p. 1116.

THOMPSONVILLE, CONNECTICUT.
HARTFORD & SPRINGFIELD STREET

-A trolley road.
R Y.
ORGANIZATION.
-Was formerly known as the Enfield & Longmeadow
Electric By. (which was Incorporated on Feb. 11 1895). but In May 1901.
stockholders voted to change the name as above, and to reconstruct and
re-equip road. Connects with the Hartford Street By. in Hartford and the
Springfield Street Ry. in Springfield, Mass. In June 1901 purchased the
East Windsor Street By. Co. Franchises perpetual. Controlled
the
ers de Enfield Electric Ry. Co., which on April 1 1904 was merged SomIn the
Hartford & Springfield Street Ry. V. 78. p. 1446. Also purchased
erty of the Windsor Locks Traction Co , subject to its mortgage. the propIn 1905
the Legislature granted permission to Increase stock to $1.000,000
from time
to time, part to be preferred, and also to extend time for
construction until
July 1 1907. See V. 79, p. 2697. In July 1906 absorbed the
Rockville
Broad Brook & East Windsor Street By.. which operated 14
miles of track
from Warehouse Point to Rockville. V. 83, to. 213.
STOCK AND BONDSDate.
Interest. Outstanding,
Maturity.
Common 5500.000 (8100)$500,000
Preferred 5285,000 6%, nonl
cum., redeemable at 110_ _
5 54-N
285,000 Nov. .2%
'12
First mtg $600,000 ($1,000) 1901
5 g J-J
600,000 July 1
gold
c5tfj Interest payable at American Trust 1921
Co..
Boston: Treas. of Connecticut. trustee.
Windsor Locks 1st mtg $300. 1904
5 g J-J
1
000 g ($1,000) go p & Lc* tfj Int. at American Trust 161,000 July 1 1924
Co. Boston
Rocky B B & E Wind 1st ring 1906
5 g A-0
$300.000. g,gu($1.000)cs ttjInt.at Am.Tr.Co.,Bos. 200,000 April 2 1926
;Treas. of Conn.,True.
Loans and notes payable June 30 1913
28,000
Bonds.
-See V. 78. p. 1223. The Windsor
prin. and Int., by the Hartford & Springfield Locks bonds are guaranteed
SYRACUSE & SUBURBAN RR.
-A trolley road.
Street By.: $139,000 are reserved for additions and improvements
Feb. 1909 a syndicate headed by Mr. John J. Stanley of Cleveland.
In
0., Connecticut. These bonds
Trustee, Treasurer
purchased the stock of the Syracuse & Suburban. V. 88. p. 507.
are subject to call at Ilu and int. of State of
on any Int.
ORGANIZATION.
-Chartered June 29 1895. Franchises are perpetual. date. Rocky. Broad Brook & East Windsor St. By. bones are
p. & I., by Hartf. & Springf. St. By. They are sub,
guar.,
STOCK AND BONDSDate.
Interest. Outstanding.
Dividends.
-On pref. in 1906. 6%;in 1907, 6%; to call at 110 & Int.
Maturity.
Stock ($400,000 ($100)none to May 1910. when
$400,000 In 191$ 3% 1% was paid; Nov.. 2%. In 1911, 6%. In
First mtg $400,000 ($500 and 1897
1912, May,2%;
5gF A
400,000 Aug 2 1927 None since up to May 1 1914.
Nov.. 2%.
$1,000) gold
c Int. at Fidelity Trust Co., Phila., trustee.
EARNINGS.
-For year ending June 30 1914,
New cons mtg $550,000 ($500 1903
5g M N
150,000 May 1 1953 $67,138; int, a(1
gross. $223,703; net.
and $1,000) gold_ _ _ __c* tf Int. at Fidelity Trust Co.,
taxes, $61,544; surplus, $5,594.
Phila., trustee.
ROAD.
-Owns 16 miles of track from
Bonds.
-Of the 1903 cons. mtg., $400,000 are reserved for prior
liens.
which was formally opened on Jan. 15 State Line to East Windsor Hill
1902, and 7.857 miles
(formerly




[VOL. xcix.

ELECTRIC RAILWAYS

128

Also a line
Somers & Enfield Elec. Ry.) from ThompsonvIlle to Somers. miles, and a
Hartford St.
from Suffield to a connection with the Brook, 14 A By., 9 AHas trackage
miles.
Broad
line from Warehouse Point to
operated, including
rights in Hartford and Springfield, making total mileage T rail. 50 cars.
sidings, 48.1 relies. Standard gauge.56. 60 and 70 lb.
-P.. Thos. C. Perkins;
OFFICERS.-Pres., Wm. A. Tucker. Boston; V.
-V. 90, p.
Sec. & Supt., J. S. Goodwin; Asst. Treas.. Nathan Anthony.
1239; V. 91, p. 1160; V. 92, p. 1178; V. 96, p. 1297.

TOLEDO, OHIO.
-A trolley
TOLEDO BOWLING GREEN & SOUTHERN TRACTION.
road.
ORGANIZATION.-Incorp. In 1901 as a consolidation of the Findlay
St. By.. the Toledo Bowling Green & Fremont By. and the Hancock Light
& Power Co. of Findlay, 0. Formerly leased to the Toledo Urban & Interurban By., but rental due April 1 and July 1 1908 having been defaulted,
lease was canceled.
The entire property of the Tol. Urban & Interurban Ry. was sold on
Aug. 23 1909, under foreclosure, to the Toledo & Findlay By. Co., which
property was afterwards purchased by Toledo Bowling Green & Southern
Tract. Co.. and the latter company assumed its bonded debt. V. 88, p.
1439; V. 89, is. 103, 412.
Date.
Interest
Outstanding. Maturity
STOCK AND BONDS$1,125,000
Common. 51.500,000
750,000 Aug '14,1 A
Pref. 5750.000 (non cum) ___
5 g M-N
1.225,000 May 1 1921
ist mtge, $1,500,000. Boll 1901
ntf Int. at Central Tr. & Safe Dep. Co., Cin., Tr.
($1.000. $500)
5 J-J
500,000 Jan 1 1935
Tol & Findlay mtge. 5500.- 1910
ntfl Union Savings Bank & Tr. Co., Cm.,Trustee.
000. gold
5 g J-D
275,000 Dec 1 1924
Findlay St 1st con mtge.( 1899
_ntf Central Tr. & Safe Dep. Co., Chi., Trustee.
$275,000, gold
lInterest at Metropolitan Trust Co., N. Y.
-Of the bonds of 1901. $275,000 are reserved to retire Findlay St.
Bonds.
By. bonds. The Tol. & Findlay mtge. Is a first mtge. on the property of
the acquired Toledo Urban & Interurban Ry.
-On pref., 1 % quar. from Aug. 1910 to and Incl.Aug. 1914.
Dividends.
-Comprises 71 A miles from Toledo to Findlay and Perrysburg
ROAD.
60-lb. and 72-11). T and girder rails. Owns 30 passenger and 3 express cars •
-P., Chas. Kilgour'
OFFICERS.-Pres., B. L. Kilgour, Cincinnati; V.
Findlay, 0.; Sec. &Treas., A. J. Becht, Cincinnati; Gen. Mgr., Chas. F'
Smith, Findlay. Offices, Findlay, 0.-V. 88, p. 507, 1439; V. 89, p.
105, 412, 471, 529, 1593; V. 91, p. 155.
TOLEDO FOSTORIA & FINDLAY RY.
-Incorporated In 1900.
ORGANIZATION.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS($100)-$700.000
Stock common
Cj-J
00)-.
See text.
800,000
Stock. pref. 5% cum.($1-IS g A-0
385.000 Oct 1 1920
First mortgage $450,000 goldl 1900
at Cleveland Trust Co., Cleve.. True.
c'Interest
(51.000)
Bonds may be called at any time. Sinking fund began July 1 1905;
8105,000 bonds have been retired.
-1 % is being paid quarterly on preferred stock.
Dividends.
-For calendar year 1913. gross. $208,702; net, $94.671.
EARNINGS.
-Operates 50 miles between Toledo, Fostoria and Findlay
ROAD.
between PembervIlle and Toledo put In operation In June 1908.
Portions
OFFICERS.-Pres., H. C. Greer, Morgantown, W. Va.; V.
-P., 0. 0.
Fernsell Jr., Canal Dover; Sec. & Treas., A. J. Krantz, Canal Dover;
Mgr.. E. Smith, Fos(oria.-V. 78, p. 704.
---A trolley road.
TOLEDO & INDIANA RAILROAD CO.
ORGANIZATION.
-Incorporated in Ohio in Jan. 1911 and in June 29
1911 took over the Toledo & Indiana Traction Co. (V. 93, p. 230), assuming
au of latter's liabilities, &c. The Toledo & Indiana Traction on Feb. 8
1910 was successor of the Toledo & Indiana Railway, sold under foreclosure
,
on Jan. 18 1910. V. 90, p. 237. 448. Most of road is on private right of
9 in
way. Franchises are perpetual except one for road crossings
County, expiring in 1935.
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS$1,040,000
Stock $1,040,000
400,000 Jan 2 1931
5 g J-J
Tol & Ind Trac 1st mortgage) 1911
$900.000 gold ($1.000)_ _c•fInt. at Knickerbocker Tr. Co., N. Y.,trustee.
Bonds.-Tol. & Ind. Trac. 1st H. bonds are sub, to call at 102 A and Int,
on any Int. date. V. 92. p. 1244, 1375.
EARNINGS.
-For cal. year 1913, gross. $223,802; net. 575.984.
-Operates 55.91 miles of track (of which 47.54 are on private
ROAD.
right of way) from Toledo westerly to Bryan. Enters Toledo over tracks
of Toledo Rys. & Lt. Co. An extension to Montpelier is proposed.
-P., S. D. Carr; Sec.. C. F.
OFFICERS.-Pres., D. D. Schenck; V.
Gen. Mgr:
Chapman Jr.; Treas.. L. R. Schenck: And.. 0. B. Kleinhans; 1244. 1375,
-V.90, p.448,915,978; V. 92,p.
H.C. Warren,all of Toledo.
230, 287; V. 96. p. 1774.
V. 93, p.

-For year ending Dec. 31 1913, gross, $36,098; net,
EARNINGS.
$16,843; other Income, $282; charges, taxes, &c., $2,011; dividends.
$3,600; surplus, $1,514.
-Ps.,C.S. Sims, Albany.
OFFICERS.-Pres., L. F. Loree, New York; V.
and.. W. H.Williams, New York; Asst. to Pres.. W.B.Schofield, New York;
-P., G. H. Parker. N. Y.; Sec. & Aud., W. H. Elder; Treas.,
Asst. to V.
H. F. Atherton, Albany; Comp., W. H. Davies. N. Y.; Gen. Aud., Allen
-V. 83, p. 437;
McCarty; Acting Gen. Mgr., Jas. F. Hamilton, Albany.
V. 85, p. 100.

TUSCALOOSA, ALA.
BIRMINGHAM-TUSCALOOSA RY. & UTILITIES SECURITIES
-Controlled by same interests as control Birm. Ensley & Bessemer
CO.
RR.; see under Birmingham.
ORGANIZATION.-Incorp. in Va. Mar. 13 1913 as a holding company
Utilities Co. The
and owns entire stock of the Birm.-Tusc. By. & $3,500,000 stock, latter
as succompany was incorp. in Feb. 1913 in Ala. with Co., sold at foreclosure
cessor to the Birm. & Gulf By. & Navigation
railroad franchise is perpetual and the gas and electric
Dec. 30 1912. The
franchises are of 30 years' duration.
Interest, Outstanding Maturity..
STOCK AND BONDS- Date.
$290,000
Stock, $3,500,000 ($100)--See text Mar 1 1938
5 g M-S
1913
Birm-Tusc By & Util Co mtge
Trustee.
$5,000,000 (8100, $500 &)int. at Fidelity Trust Co., Phila.,
$1,000)
600,000 May 1 1916
6 g M-N
Birm-TuscRy&UtilCo notes,! 1913
$3,500,000 ($500 & $1,000)!,Girard Trust Co., Phila., Trustee.
Bonds.
-All of the bonds are pledged as collateral for the notes. The
bonds are red, on and after Nov. 1 1916 at 105 and int. Notes are subj. to
call at 101 and int. Proceeds will be used for impts. and additions and the
extension of the railway to Birmingham. V. 97, p. 363.
ROAD.
-Operates about 14 milesfrom Tuscaloosa to Holt, which is being
electrified. Extension to Birmingham is under construction.
-P., R. M. Brown, NorOFFICERS.-Prds., F. E. Calkins, N. Y.; V.
folk; Sec. & Treas., Henry Cross, Phila.-V. 97, p. 363 ; V. 98, p. 452.

VICKSBURG, MISS.
VICKSBURG LIGHT & TRACTION CO.
ORGANIZATION.-Incorp. In Miss. on July 1 1912, taking over the
Vicksburg Trac. Co., Vicksburg Lt. & Pow. Co., Vicksburg & Yazoo Trac.
Co. and Electric Power Co. Operates the entire street railway and electriclighting business in Vicksburg and suburbs. Franchises in Vicksburg run
to (a) street railway, 1998; (b) lighting, 1946. For railway outside the city,
has grant from United States Government.
Interest. Outstanding, Maturity.
Date.
STOCK AND BONDS.Stock $1,000,000 ($100)------------$1,000,000
765,000 July 1 1932
5 J-J
First mtge $1,500,000 goldi 1912
($500 and $1,000) __c• tf(Int. at Cent. Trust Co. of Ill., Chic., trustee.
250,000 July 1 1922
6 J-J
bonds 5900,0001 1912
Debenture
gold ($1,000)__ ----cctf fInt. at Cent. Tr. Co. of Ill., Chic., Trustee.
Bonds.
-$735.000 1st mtge. bonds are reserved for additions and exten49.
sions at 85% of cost. Red. at 105 and int. on any int.(late. V. 95, p.
V.96. p. 488.
Debentures are rod. at 101 and Inc. on any int. date. See
31 1914, gross, $188,747; net.
INGS.-For 12 mos. end. July
$7E,14AR9N.
8
.
gauge; mostly
-Owns and operates 11 miles of track; standard
ROAD.
-lb. T rails; 20 cars.
80
J. N. McCallum;
-P.,
OFFICERS.-Pres., Wm. B. Walter, Chicago: V. J. Bemis.
-V. 95,
Mgr.. A.
Sec. &Treas., I. C. Elston Jr.; Acting Gen.
p.40; V. 96, p. 287, 488; V.99, p. 200.

VINCENNES,IND.

VINCENNES TRACTION CO.
-Vincennes Citizens' St. By. purchased the VinORGANIZATION.
and changed name to Vincennes Traci.
cennes Trac. & Lt. Co. In Dec. 1909 stock and canceled all corn. & pref. of
company issued $350,000
Co. New
except 5 shares corn, representing certain charter
Vincennes Trim & Lt. Co.
expire 1931.
and franchise rights. Franchises
Outstanding. Maturity.
Date. Interest,
STOCK AND BONDS350.000 Apr' .7270
Stock
35,000 July 1 1923
$600,000 1906 5 g
Vin Tea, ref mtge.
c•J Int. at Mercantile Tr. Co.. St. Louis, Trustee.
($1,000) gold
200,000
5 J-J
Citizens' St By first mtge 1903 Knickerbocker Tr.Co. N. Jan 1 1923
Vin
, Y.,Trustee.
c• Int.at
5
$200,000 g
-Of the refunding bonds $200,000 are reserved to retire Vincennee
Bonds.
$350,000 for improvements; 515.000 are In
Citizens' Street By. Issue and
No
treasury of company. Subject to call at 102 f.j. and sinking fund. Guar.
same amount
Dividends.-lultlal div.- A%-pald Oct. 1910
paid Id%
In
to and incl. July 1 1911, In Oct. 1911 dly. increased and A
4%. In 1913, Oct.. %. 1n1914,
3
1912, Jan., 'A %; April, %%;July, ,
A %.
Jan., %; April,
-For cal. year 1913,gross,$69,579; net,$20,639; interest,
EARNINGS.
$11,750; balance, 88,889.
TRENTON, N. J.
-lb. Trail,
-Operates about 10 miles in city of Vincennes. 56, 70
ROAD.
-A trolley road. Standard gauge. Various extensions have been proposed.
CO.
NEW JERSEY & PENNSYLVANIA TRACTION
same interests as the Bucks County Interurban Ry.,
-P. and Mgr.. S. S. Bush; Sec
Controlled by the
OFFICERS.-Pres.. S. A. Culbertson; V.
who also control the Trenton City Bridge Co.
-V. 88. p. 1004.
M. T. Caldwell.
-Incorporated in New Jersey on Nov. 14 1901 and
ORGANIZATION.
LawTrenton
acquired the Trenton Lawrenceville & Princeton RR., the
Street
renceville & Princeton Extension RR. and the PrincetonSt. By.,By.
VISALIA, CAL,
Yardley
On May 13 1913 the Trenton New Hope & I ambertville
By., forVISALIA ELECTRIC RY.
Morrisville & Trenton St. By. and the Newtown & Yardley St. By. See
Is controlled by Southern Pacific Co.
over by the Bucks County Interurban
merly owned, were taken
-Operates 23.69 miles of standard-gauge track connecting
ROAD.
that company undet "Newtown. Pa."
Lemon Grove, and country adjacent thereto.
Franchises are perpetual, except in Trenton, which is for 50 years from Visalia, Exeter and
1903.
to a Court decision, reduced fares from
ares.-On Feb. 23 1912. owing
was
WARREN, MASS.
Trenton to Yardley from 10 to 5 cents. V. 99, p. 631. This decision
18 1912.
reversed by the New Jersey Court of Errors and Appeals on Nov.of Public
WARREN BROOKFIELD & SPENCER STREET RY.
In Jan. 1913, in response to a petition by the receivers, the BoardPrinceton
Reeeiverslitp.-Int. due May 1 1912 having been defaulted, Thos.'T.
Utility Commissionersfixed the rate of fare between Trenton and
Robinson was appointed receiver on Slay 29 1912. V. 94. p. 1318, 1509.
at 15 cents instead of 10 cents.
Maturity. Receivers' certificates issued 820,000. to
Interest. Outstanding.
Date.
BONDSSTOCK AND
have been sold at foreclosure sale
-The property was
Foreclosure Sale.
$1.000,000
Stock, 51.000.000 (5100)_
1914.-(V. 98, p. 1462.). Sale has been potsponed "while present
600,000 Nov 1 1932 on Juno 4 continue."
4 g M_N
1 1902
1st Sitir 33.000.000 gold
Trenton Tr. & Safe Dep. Co., trustee, conditions 20 miles of track between Warren, West Warren, Brookfield,
cc tff Int. at
($1,000)
Operates
-Comprises 13.25 miles, as follows: N. J. St P. Trac. in Trenton West Brookfield, North Brookfield and Spencer. 17 pass. cars. Stock.
ROAD.
RR., 8150,000; 1st mtge. 5s due 1916 (ntf). int. M.& N.at Int. Tr. Co., Boston.
and Lambertville, 1.70 miles; Trenton Lawrenceville & Princeton
Princewhich $18,000 Iii S. id. Earnings for year ending
9.56 miles; Tren. Law. & Princeton Extension RR.,1.46 miles,and 90-1b. 5125,000 issued, of $52,791. Pres. and Gen. Mgr.,
Robt. Redford, LawJune 30 1913, gross,
ton St. By., 0.53 mile. Gauge,4 ft. 83.4 in.; 70 and 80-lb. Trail and
-P., Ewen R. McPherson, Cambridge: Sec. and Treas.. Augustus
rence; V.
girder.
-V. 94, 0. 1818, 1509; V. 98, 0. 1962, 1847; V. 99,
-For year ending Dec. 31 1913 (Princeton Division), gross. Nickerson, Boston.
EARNINGS.
p. 200, 408.
$69,483; net. $25,569. In 1912, gross, $54,495; net, $12,882.
-P. & Gen. Mgr..
OFFICERS.-Pres., Sydney L. Wright. Phila.; V.
Thompson, Trenton; Sec. & Treas., Waiter T. Bilyeu, Phila.Gaylord
96,
V. 83. p. 213, 272; V. 88, p. 101; V. 94, p. 417, 631; V. 95, p. 176; V.
WARREN, PA.
p. 1557.
WARREN & JAA1ESTOWN STREET RY.-'A trolley road.
-Incorporated In New York and Pennsylvania and
ORGANIZATION.
consolidated Jan. 15 1004. Private right of way. except in Jamestown,
TROY, N. Y.
a 50-year franchise and 3 or 4 miles of public right o
where company has
-A trolley road.
TROY & NEW ENGLAND R Y.
held.
On July 1 1907 control was acquired by the Del. & Hudson Co. interests, way, for which perpetual franchises are
Date.
Interest. Outstanding. maturity.
all indebtedness was adjusted and receiver discharged. V. 85, p. 100.
STOCK AND BONDS
$200,000 July '13,4%
private right Stock,$200,000 ($100)ORGANIZATION.
-Incorporated Dec. 27 1889. 'Mostly
tInterest
300,000 July 1 1934
First mortgage 5300.000____f 1904 A
of way. Franchises perpetual.
4
W
j arren (Pa.) Trust Co.. Trustee.
Interest, Outstanding. MaturitY.
Date.
STOCK AND BONDS100,000 Jan 1 1918
Second mortgage.
$180,000 See text
$350,000 ($100) ----Stock
5 n
e bIeri
m t red r7
noort a trnelll :???_1 IntTrest at Warren (Pa,) Trust Co..Trustee
160,000 Aug 1 1945
1895
5 g F-A
let mortgage $160,000 gold
4
Dividends.- Te POR, 40 In 1909, 8%;in 1910. 8%; in 1011. Jan.. 2%.
jInterest at office of company, Albany, N. Y.
8500
15.12 Dec,. %; in 1913, July, 4%.
ROAD -Total track. Including sidings.9.15 miles; standard gauge,laid in
Eib ill;/NOS -For 12 months ending Juno 301013, gross, $113,751; net.
with 65 lb. rail; running from Albla to Aweigh Park.
tales, c $33,944- amortization, $15,536; divs.. $4,000;
;
ividends.-In 1910. Jan., 4%. In 1911, Jan., 4%; Dec., 43.4 %„ In $70,414 ( 963.
St.
surpl ft
In 1913, 2%. In 1919, 7%.
2 Dec. 3%




1

(18

•

ELECTRIC RAILWAYS

SEPT. 1914.]

129

EARNINGS.
-On all properties for calendar years. Report for 1913 in
ROAD.
-Operates 21% miles of track from Warren. Pa., to Jamestown
N. Y. Enters Warren over tracks of Warren Street Ry. Does an express V. 98, p. 1241.
business. Standard gauge. 70-1b. rails. 8 cars.
1913.
1912.
1911.
1910.
$4,943,315 $4,648,328 $4,336,519 $4,123,560
-P., Homer H. Gross earnings
OFFICERS.-Pres. and Gen Mgr.. David H. Strains; V.
2,414,910
2,287,820
2,190,611
2,151,829
Warren.
-V.85, p. 1520; Operating expenses
Preston; Sec.. Treas. & Supt., S. Q.Smith, all of
V. 86, p. 482.
Net earnings
$2,528,405 $2,360,508 $2,145,908 81,971.731
Other income
10,222
13,233
16,152
23.310

WARSAW, IND.

WINONA INTERURBAN RY.-A trolley road.
ORGANIZATION.
-Entire common stock is held by directors. Franchises are for 50 years. Leases the Winona & Warsaw By. ($10.000 stock
and $44.000 bonds),operating 4% miles of track.for 99 years from Jan. 1 '10
Interest, Outstanding. Maturity
STOCK AND BONDSDate.
See text
Common,$600,000 ($100)---8600.000
Pref, $600,000 6% cum_ ..... -- 750.000 July 1 1025
5 g J-J
Goshen Div 1st mtge $750,- 1905
at First Trust & Say. Bank. Chic.. Tnis.
000 gold (8500 and 31,000) lInt,
1.593,700 Oct 1936
A-0
Peru Division first mortgage,l 1906
Union Trust Co., Indianapolis, Ind.,Trustee.
*2,000,000, gold
Bonds.
-Goshen Division bonds are a lien only on the section of road between Warsaw and Goshen. Are subject to call at 105 and Int. on any int.
date. Peru Division bonds are a lien only on section of road between Peru
and Warsaw.
-For fiscal year ending June 30 1914, gross, $230,628;
EARNINGS.
net, $61,805.
-Operates 70 miles between Goshen and Peru. Leases 4% miles
ROAD.
of track between Warsaw and Winona Lake.
-P., J. F. Bayer; Sec.
OFFICERS.-Pres.,Wm.D. Frazer, Warsaw; V.
& Treas., H. C. Anderson, Pittsburgh, Pa.; Asst. Sec. & Treas.. J. C.
-V.87, p. 1359.
Schade, Warsaw; Supt., C. F. Franklin, Warsaw.

WASHINGTON, D. 0.
WASHINGTON RAILWAY & ELECTRIC.
Washington Utilities Co. (see below) owns $2,750,000 common stock.
-Incorporated as the Washington & Great Falls Elec
ORGANIZATION.
trio By. Co. July 29 1892 by special Act of Congress; name changed to Wash
ington Ry. & Electe: Feb. 1 1902. On Feb. 4 1902 purchased the assets of
the Washington Traction & Electric Co.. sold at foreclosure Nov. 24 1901.
and reorganized according to plan in\.73, p. 554. and acquired the Columbia By. and the Metropolitan RR.by deed in fee, subject to their mortgage
debt. The last two roads constituted 57.71 miles of track. During 1912
merged with the Anacostia Ss Potomac River RR. (25.33 miles) and the
Brightwood By. (12.45 miles), both of whose stocks had previously been
owned. In 1912 also transferred to the Potomac Elec. Pow. co. the company's interest in the Great Falls Power Co. Company furnishes power
to the Wash. Balt. & Annap. Elec. By. and to the Washington-Virginia By.
Franchise perpetual.
On Feb. 6 1914 the P. U. Comm. of the District of Columbia made a
report to Congress recommending that the capital stock of the Potomac
Electric Power Co. (see bonds below) be reduced by $1,000,000 and that
the present relation existing between the Washington By. & Elec. Co. be
discontinued. V. 98, p. 528.
Future Financing.-The company having practically reached the limits
of its borrowing powers under existing mortgages, it is considering plans for
permanent financing into the distant future, but up to latest 'dates no
conclusion had been reached.
-See V. 99, p. 344, 469.
Municipal Ownership.
Date.
Interest. Outstanding.
Mnturitt
I.
STOCK AND BONDSQ-M
46.500.000 Sept'14.1 h
$6,500,000 01001_ ___
Common,
Q-M
8.500,000 Sept '14,13.4
Pref,5%,$8,500,000 ($100).__ __ - _
4gJ D
*11,642.350 Dec 1 1951
Consol mortgage,$17,500,0001 1902
(81.000 & 8500) gold_ _c* tfl Int. at U. S. Mtg. & Tr. Co.. N. Y.. trustee
5gF
-A
1,850,000 Feb 1 1925
Met. RR. 1st mtge ($1.8501 1895
000) gold ($1.000) not sub- Interest at Baltimore Trust & Guarantee Co..
a* tf
trustee. Baltimore.
ject to call
5 g A-0
fund_ca1
2,979,000 Apr 1 1949
Anacostia & Potomac River1899
first mtge $3,000,000 gold Int. at Baltimore Tr. & Guar. Co.. Trustee.
*
May be called at 112%.
($1,000) sinking
-• Includes $515.000 held In company's treasury.
-The preferred stock became cumulative on June 1 1904;
Stock and Bonds.
The remainder of the consol. bonds ($5,857,650) are reserved for the retirement of underlying liens. Entire issue is subject to call upon 3 months'
notice on any interest date at 105 & interest.
A portion of the property covered by the Met. RR. 1st mtge. may be
sold and proceeds applied to a sinking fund for the retirement of the bonds
at not exceeding 110 and Int. Bonds cannot be drawn. Of the Anac. &
Potom. Ely. bonds,$462,000 are guar., p.& i., by Washington Ry.& Elec.
V. 87, is. 36. $21,000 have been canceled.
Dividends.
-On pref. at rate of 5% per ann. since Dec.1 1904 to and incl.
Sept.1914. On com.,1st div.. 1%,was paid Dec. 1 1909; in 1910. 2%; in
1911, 2%; in 1912, 4%; in 1913, March, 1%; June, 1%%; Sept.. 13.4%
Dec.,1 , % and 1% extra. In 1914, Mar.,1 Vt %;June,1%%.Sept.,1 X%
;
i
Potomac Electric Power Company.
Interest. ourstandino
BONDSDate.
Maturitti
First mortgage (see text) goldl 1904
5 g J-D
$1,700,000 June 1 1929
($1.000)
c.tffInt. at Comm.Tr.Co.,Jersey City,Trustee.
Cons.mtge.,$7,000,000,gold{ 1906
5 g J-J
5.029,000 July 1 1936
($1,000) gun & i by Wash Int. at Commercial Trust Co., Jersey City,
Ry & Elec Co
c.tf
Trustee.
Bonds.
-The first mtge. bonds are red,any int. date at 110 & int. Auth
issue was originally $4.000,000, but was subsequently reduced to $1,700,000
Of the $7,000,000 new consols, $1,700,000 are reserved for prior liens and
;909,000 for Musts., &c. They are guar., prin. and int., Isy Washington
By. & Eec. Co. A sinking fund of 2% per annum of bonds outstanding
began Jan. 1 1908. See V. 83, p. 100.
ROAD-The Washington fly. et Mee, ro. controls the principal street
railroads in the District of Columbia and also the Potomac I lee. Power Co ,
which alone is operating, or authorized to operate, in the national capital.
and which controls the Great Falls Power Co. with undeveloped water power
on Potomac River. The railroad companies have 160.6 miles of track (all
under electric traction), while the electric-light company has 209.5 miles of
subways with about817.26 miles of ducts,being added to each day, besides
many miles of overhead wires. Owns about 700 passenger cars. The
following shows the total outstanding stock of the companies controlled and
the amount of the total shares acquired in each instance by the Washington
By.& Elec. Co. up to Dec. 31 1912,
Capital
Amount
Ain't not
Mileage.
Name of CompanyStock.
Owned.
Owned.
Georgetown & Tenallytown RR- 8.67
3200,000
$181.000
$39,000
Washington Woodside & Forest
2.94
25,000
25,000
Glen RalIway & Power
Non,
Washington et Rockville Ry___ _ 11.50
250,000
"250.000
None
41.24
1,750,000
1,623,600
126,400
City & Suburban Railway
& Glen Echo RR_ _ _ ____
200.000
Washington
197.150
2,850
Total railroads
Lighting
Potomac Electric Power
Total all companies

64.35

82.425.000

$2,256.750

$6,000.000

$6,000.000

18,435,000

$8,256,750

8168.250
None
$168,250

•$100.000 of this company's stock is owned by the Potomac Elec. Power
Co. and Georgetown & Tenallytovrn By.
The Washington & Rockville By. went into receiver's hands April 1 1911,
but receivership was terminated in Oct. 1912. The company refunded its
debts by issuing $100,000 new 1st M. 55' bonds (auth. issue $250,000;
Amer. Secur.& Tr. Co.. Wash.,trustee) and increased its capital stock from
$50,000 to $250.000.
Toe Washington Railway & Electric owns the following bonds of .he
constituent companies, which, together with the shares of stock owned
above. are pledged under the $17,500,000 consol. mortgage; 4100.000
(entire Issues) 1st and 2d mtgs. of the Georgetown & Tenallytown Rv.
$40,000 1st mtge.6% bonds of the Washington Woodside & Forest Glen By.
& Power; $100,000 (entire issue) 1st mtge. bonds of the Wash.& Rockville
By. (of which $25,000 owned by Potomac Elec. Power Co.); $200,000 1st
mtge. and $50,000 2d mtge. (entire issues) of the Washington & Glen Echo
RR. Total, $490,000.




Total income
$2,538,627 $2,373,741 $2,162,060 $1,995,041
Fixed charges
$1,381,977 $1,348,011 $1,311,152 $1,280,398
Div. on pref. stock (5%).. 425,000
425,000
425,000
425,000
Div. on cont. stock...(634 %)422,500(4%)260,000(2%)130,000(2%)130,000
Surplus
$309.150
$340,730
$295,908
$159,643
Passengers carried during 1913. 85,982,161, of which 20,003,412 were
free transfers.
OFFICERS.-Pres., Clarence P. King; V.
-P. and Comet.. W. F.
Treas., C. E. Brown; Sec.. S. R. Bowen. General offices. 14thHam;
and
East Capitol sts. Washington.
-V.87. p. 40; V. 88, p. 946, 997: V. 89. P•
1349; V.90, p. 561, 973; V. 91, p. 947; V. 92, p. 396. 590; V.93. p. 165;
.
V. 94,p, 280. 413, 913, 1050; V 95.p. 237. 481. 819, 1209; V. 96.
1361; V. 98, p. 528, 764, 1074, 1241, 1768, 1847, 1995; V. 99, p. 344,p. 948.
469.
In the following we snow the outstanding bonds of the constituent companies except where the companies have been merged or where they are
owned by the Washington Railway es Electric.
(1) City & Suburban Railway -Underground electric and overhead
trolley. Bonds, that mtg. 5% gold, $1.750,000. Denomination $1.000,
coupon. Date. Aug. 1 1898; interest payable February and August at
Baltimore Trust & Guarantee Co., Trustee. Maturity Aug. 1 1948. The
bonds have a s. f. of $25,000 yearly from any surplus remaining after payment of 6% on the stock, but *the bonds cannot be called.
ship-In Oct. 1901 receiver was appointed. On Feb. 1 1902ReceiverInterest
defaulted, but was paid later in the month by the trustee
V. 74. p. 428.
Receiver was discharged on Sept. 22 1905. On Oct. 19 1910 acquired the
Wash. Berwyn & Laurel Elec. By.(9 miles) from the Wash. Bait. &
Anna1).
Elec. RR. V. 91. p. 947.
BALTIMORE & OCEAN CITY RY.-A trolley road.
ORGANIZATION.-Incorp. in Maryland in 1913 as successor to Bait.
& Wash. Transit Co. of Maryland, sold under foreclosure. The road is
being rebuilt and extended and was expected to be completed and in operation by April 1014.
STOCK AND BONDS- Date.
Interest. Outstanding. Maturity.
Stock $1,000,000 ($100)
$17050:000000
1st mtge $1,000,000 gold' 1913
5 semi-ann
1943
($1,000) red at 105 & int_cl Int. at Fidelity Tr. Co., Bait.. Md.,Trustee.
Bonds.
-Of the $75,000 Outstanding bonds, $20,000 was used to take up
receivers' certificates and remainder for impts. and extension.
ROAD.-Operates about 334 miles of track from 14th & Kennedy Sta.,
N. W., to District line at Tacoma Park, Md. Proposed extension of 1%
miles through Takoma. 60 & 100-1b. T rail; girder rail on new extension.
OFFICERS.-Pres.. Chas. Selden Jr., Wash.. D. C.; V.
-P., H. W.Williams Balt.. Md.;Sec.,Paul Sleman, Wash.;Treas., N.M.Little, Wash.
-An underground trolley road
CAPITAL TRACTION.
ORGANIZATION-In the fall of 1895 absorbed the Washington &
Georgetown and Rock Creek companies. See V. 81 p. 283. 328. 588.
In Oct. 1909 shareholders were being offered at par $1,440.000 additional
1st 5s of 1907. V. 89. p. 918.
STOCK AND BONDSDate.
Interest. Outstanding,
Maturity'
Stock, $12,000,000 ($100)Q-J
$12,000,000 Oct.
'14,1 %
New first mortgage, $6.000,1 1907
5 g J-D
5,659.500 June 1 1947
000. gold ($500)
cl Int.at Union Tr.Co.of the D.of C..Wash.,Trus
Bonds.-Are not subject to call. Part of the bonds issued were used to
redeem the $1,080.000 outstanding 4% bonds of the 1900 Issue.
Dividends
-In 1898. July 1. 75 cents; Oct. 1, 75 cents; in 1899. 4 dividends of 75 cents each; in 1900. 334%; in 1901, 4%; in 1902. Jan., 1%;
April, 1%;July. 1%,and on Aug. 20 an extra dividend of $4 per share was
paid from proceeds of sale of old power house; Oct.. 1%;In 1903, 4 tif,'%;
In 1904. 5%;in 1905.544%; 1906-1913, Incl.. 6% ann.:1n 1914 Jan..1 4%,
April, 1;4%; July, 154%. In Oct. rate was reduced and 13,1% was paid.
ROAD.
-Underground trolley, double track. 23.519 miles; overhead
trolley. 5.414 miles. double track. Total length of road (including 5.403
miles sidings and turnouts), 63.118 miles of single track. Operates 326
closed motor cars. 124 open motor cars. 103 closed trailers. 109 open
trailers, 2 mall. 9 snow sweepers, 5 sand cars. 30 misc.; total, 708 cars.
80 to 104-lb. rail.
REPORT.
-For calendar years (see V. 98, p. 757):
Calendar
Gross
Net
Other
Int. and Dividends Balance,
Year- Earnings.
Earnings. Income.
Taxes.
(6%). Surplus.
$3,004
1913
$2.310,168 $1,130,897 $12,280 $420,179 $720,000
412,749
720,000
47,126
1912 _ _ 2,265,214
1,166,557
13,317
In 1913, 53,425,152 revenue and 18,195,307 transfer passengers were
carried. against 52,608,868 and 18,427,325, respectively, in 1912.
-P. and
-P., H. Hurt: 2d V.
DFFICERS.-Pres.. Geo. E. Hamilton; V.
Gen Mgr., D. S. Carib Sec., H. D. Cramnton; Treas.. R. 13. Simms: Chief
Engineer, J. H. Hanna.
-V.84, p. 390. 1307. 1365; V. 86, p. 337. 476; V.
88. p. 559. 918: V. 90. p. 166. 621; V. 92, 0. 394. 456; V. 94, p. 278, 346:
V. 96, p. 134, 417: V. 98, p. 386, 757; V. 99. p. 815.
WASHINGTON UTILITIES CO.
ORGANIZATION.-Incorp. In Virginia (as Maryland-Virginia Ry.)
Nov. 29 1911, amended Feb. 28 1912 and Nov. 7 1912, when the name was
changed to the above. Chartered to construct a line from Nauck, Va.. to
Ntanassas. V. On Nov. 26 1912 merged with Washington-Virginia Ry.but the latter company (see statement below) was obliged to resume a sop,
arate existence,owing to refusal of the subsequently created Utilities Comm.
of the Dist. of Col. to allow the merged corp. to issue securities provided
for in the merger agreement. Wash. Utll. Co. has acquired $2,750,000
of Wash. By.& Elec. Co. corn. stock.
STOCK AND BONDSDate.
Interest. Outstanding. Mat
Stock
$5,468,000 July'14, 1
1-year 5% notes
1914
5%
1.500,000 May 1 1915
Notes.
-Are secured by pledge of $2,750,000 com, stock of the Wash.
B. & El. Co.
diy. of
of 1% paid July 1 1912. In 1913,
%•
In 1914,Jan., 1%; July, 1%.
EARNINGS.
-For calendar year 1913, gross, $233,152; net, after deducting interest, &c., $132,473; dividends, $107,160; bal., sum,, $25,312.
OFFICERS.-Pres., Norman Grey; Sec. & Treas.. W• W
• SPaid•
V. 98, p. 691, 1539.
WASHINGTON-VIRGINIA RN'. CO.
-Underground trolley in Wash
ngton, overhead outside.
ORGANIZATION.-Incorp. in Va. Oct. 15 1913 to take the Place of
former company of the same name which was incorp. in Virginia on June 22
1910. The old co. on Oct. 20 1910 merged into the Washington Alexandria & Mt. Vernon By. (stock $1,500,000) and Washington Arlington
&
Falls Church By. (stock $500,000). Has private right-of-way:
franchisee
in cities perpetual.
The old comp'y was merged on Nov. 29 into the Wash. Utilities
Co.
but was subsequently obliged to resume separate existence.
See Wash:
Utilities Co. above and V. 98, P. 691.
STOCK AND BONDS- Date.
Interest. Outstanding, Maturity.
Common $2,000,000($100)-$1,378,300 May'14.14
Pref $1,000,000 ($100)see text ____
M-N
1.000,000 May'14,2%
Wash Alex & Mt Ver 1st M1 1905
5 g M-S
2,370,000
$2,500,000 ($1,000) g_ _ _c*fInt. at Real Estate Tr. Co., Mar 1 1955
Philadelphia.
Wash Arlington & Falls Church By issues
1st M $100,000 gold
1895
6 J-J
100,000 July 1 1925
2d mtge $350,000
1 1903
5 A-0
250,000 April 1
(Interest at Merchants' Tr. Co.,Phila., 1953
trust.
First consol mtge $1,000.-1 1908
5 g M-S
602,000 Sept 1 1958
000 gold ($1,000) __Of Int. at Girard Trust Co.,
Phila. trustee

[VOL. xcpc.

ELECTRIC RAILWAYS

30

Stock.-Pref. Is entitled to cum. divs. of 3% for year ending Nov. 1 1911,
Phila. & Wash.
4% for next year and 5% yearly thereafter. Stock listed in are in treasury.
-Of the Wash. Alex.& Mt. Ver. 1st M.,$130,000
Bonds.
The bonds are subj. to call on any int. date at 110 and int., upon 3 months'
notice. See V. 80. p. 1176. $350,000 Wash. An.& F. C. 1st consols are
reserved for prior liens, $48,000 are in treas.; remainder are for betterments.
&c. Bonds were guar.. p. & i., by endorsement by Wash. Alec.& Mt. Ver.
Ry. Subject to call on any int. date at 105 and int, on a mos.' notice.
Int, on the Wash. An.& Falls Church By. 1st M. bonds, payable in Phila.
Walter Itinchman. N.Y.,is trustee.
Dividends.
-Initial div. on pref.-13%-paid Mar. 15 1911; Nov.,
1 %. In 1912, May, 2%; Nov.. 2%. In 1913, 5%. In 1914, May,
%. On corn.. 1st div.-1%-paid Mar. 15 1911; Nov., 1j.%. In
1912 and 1913. 3%. In 1914, May, 1H%.
-For 12 mos. end. June 30 1913, gross, $540,950; net,
EARNINGS.
$297,114; bond int. & taxes, $200,568; surplus, $96,546.
-Operates from Washington. D.C., to Alexandria, Mt. Vernon,
ROAD.
Arlington. Ft. Meyer, Rosslyn, Clarendon, Vienna and Fairfax. Total
track, 63.34 miles. Standard gauge. 79 cars (of which 59 are passenger).
OFFICERS.-Pres. F.II. Treat, Wayne,Pa.; Sec., Gardner L. Boothe,
Wash.; Treas., J. C. Freeland; Gen. Mgr.,R. W.King -V.98, p.691.

WASHINGTON BALTIMORE & ANNAPOLIS ELECTRIC RR.

-A
single-phase electric road.
ORGANIZATION.-Incorp. In Maryland ou June 5 1905. On Mob. 31
1911 amended Its charter and took over the Wash. Bait. & Annapolis Elec.
Railway. sold at foreclosure (V. 92. 796. 957) and the Baltimore Term.
Co.. per plan in V. 91, p. 1328. 1386. Private right of way.
-year contract with the American Express
In June 1912 entered into a 10
Co., giving it the right to operate an express service over the company's
line.
The Annapolis Public Utilities Co. was incorp. in May 1912 as a subs. co.
and took over the Annapolis Gas & Elec. Co., which had outstanding
$100,000 stock and $280,000 bonds. V. 96. p. 555. The Annapolis Public
Utilities Co. has 1300.000 auth. corn. stock., $172.700 Issued.
The common stock was deposited until Apr. 1 1914 with a management committee consisting of Geo. T. Bishop. Geo. R. Sheldon and Frank
H. Ginn. V. 93, p. 231. This committee requested stockholders to extend the agreement to Apr. 1 1916. stating that such extension would be
for their best interests. V.98. p. 840.
Interest. Outstanding. Maturity.
Data.
STOCK AND BONDS13,000.000
•
Common, 13.000.000 ($50)
1,455,450 Sept'14, 13i
Pref 32.500,000 ($50)6% non-c
z5,079,000 MO 1 1941
5 11-S
First mortgage 17.500.0001 1911
if Int. at Cleve. Trust Co., Cleve., or Safe Dep.
($1,000)
& rust Co., Baltimore. Md.
Includes $141,000 bonds in treasury.
Bonds.-pref stock is red. at 110. Bonds are subject to call
Stock and
at 105 on any Interest date.
-On pref.. initial div.-1 %-paid Oct. 1912; Dec.. 4 Ji %,
Dividends.
making 6% for the year. In 1913, 6%. In 1914, Mar., 13.%; June,
Sept., 13.%.
-For calendar year 1913, gross, $831,940; net, $408,314,
EARNINGS.
other income. $10.896; int., taxes. &c.. $289,590; surplus. $129,620. In
1912, gross. $778,287; net, $389.331; other income, $6,306; int., taxes.
&c., $271,536: surplus. 1124,101.

135%;

-Operates 111.393 miles of track between Baltimore. WashingROAD.
ton and Annapolis, of which 13.94 miles are operated under contract. En-lb. T
ters Washington over tracks of Wash. Ry. & Elec. Co. 80
Standard gauge Automatic block system in single track between Annapolis
Jct. and Annapolis. 77 cars. Power is purchased from Potomac Electric
•
Power Co. of Washington.
-P., F. H. Ginn, Cleve..
OFFICERS.-Pres.. Geo. T. Bishop; Cleve.; V.
Sec.. Geo. W. Williams, Bait.; Treas., Geo. A. Craig, Toledo. O.; Gen. Mgr.,
-V, 92, p. 957, 1375: V. 93, p. 231, 287. 409; V. 94,
J. J. Doyle. Bait.
p. 561, 1051; V. 95, p. 751, 819, 1747; V. 96, p. 287, 555, 1222; V. 98.1)•
454. 840, 1246, 1389.

WAYNESBORO, PA.

AMBERSBURG GREENCASTLE & WAYNESBORO STREEI R Y.• trolley road.
-Incorporated In Pennsylvania on June 17 1901; also
ORGANIZATION.
awns a turnpike road, 43 miles, capital, 3100,000, and an electric-light
plant, capital, $30,000.
Date.
Interest. Outstanding. Maturity
STOCK AND BONDS$300,000
Common $300,000
Preferred $300,000. non-cum------300,000
5 g J-J
300.000 July 1 1933
First mortgage 1300,000 gold) 1903
($100 and $500)
co tf'Interest at Chambersburg Trust Co.. Trustee.
5 g A-0
300,000 Oct 1 1937
Second mortgage 1300.0001 1907
($100 and $500) gold c* alInt. at Chambersburg Trust Co., Trustee.
5 A-0
193.400 Apr 1 1940
1st ref mtge $1,000,000 ($100) 1910
a Sint. at Chambersburg Trust Co., trustee.
and $500)
Bonds -First mtge. bonds have no sink. fd. and are not subj. to call.
2d mtge. bonds are subj, to call on any Int, period at 105. No sink. fund.
Remaining 1st ref. bonds are reserved to take up underlying bonds and for
extensions and improvements.
-For year ending Dec. 31 1913, gross, $121,891; net
EARNINGS.
$67,334; charges, $42,459; surplus, 124.875.
-Operates 31 miles of track from Blue Ridge Summit to ChamROAD.
bersburg. The extensions from Chambersburg to Red Bridge Park was
leased to the Chambersburg & Shippenburg By. of Chambersburg,Pa.
-P., D. M. Wertz: Sec., D. N.
OFFICERS.-Pres., W. L. Minick: V.
Benedict; Treas., Jay F. Shank; Asst. Treas. and Gen. Man., R.D. Sefton;
-V.90,p. 236; V.92. p. 186.
Aud..C. W.Clever,

WEBB CITY, MO.

CO
SOUTHWEST MISSOURI RAILROADthe general

railroad laws of Mis-Organized under
ORGANIZATION.
souri, and on Sept. 1 1906 acquired the Southwest Missouri Electric By.
and the Webb City Northern Electric RR.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS33.500,000
Stock 15.000.000
900.000 Sept 1 1931
5 g .61-S
General and refunding Inert- 1906
gage $5.000,000 gold ($1.- Int. at Harrisburg (Pa.) Trust Co., Trustee.
or National Bank of Commerce, N. Y.
tf
000)
5 g M-S
200,000
Sept 1923
Webb City Northern mtge 1905
ctf Int. at Safe Dep. & Tr. Co., Pitts., Trustee.
1200.000 gold
5 g M-S
1,150,000 Sept 1 1923
Southwest Missouri Electric 1903
By refunding and eaten- Harrisburg Trust Co., Harrisb., Pa., Trustee.
sion mtge $1,500,000_ _ tf Int. payable at Nat. Bk. of Commerce, N.Y
-Of the 15.000.000 new bonds, $1,350,000 are reserved for prior
Bonds.
liens and $2,750,000 for Improvements and extensions.
-For year ending Aug. 311913, gross, $655,998; net, after
EARNINGS.
taxes. 1330,325; interest, $108,500; renewals and betterments, $60,110;
dividends. $140,000; surplus. $21,715.
-Operates 77 miles of track connecting Carthage. Carterville,
ROAD.
Webb City, Prosperity. Porto Rico, Duenweg-Oronogo, Neck City, Purcell.
Alba, Joplin. Villa Heights and Chltwood, all in Missouri, and Galena In
Kansas.
-P., E. Z.
OFFICERS.-Pres. and Treas.. A. H. Rogers, Joplin, Mo.; V.
Wallower. Harrisburg, Pa.; Sec., Geo. W. Relly.-V. 77. D. 38; V. 80, p.
1972; V. 93, p. 752.

WEST CHESTER, PA.

THE WEST CHESTER STREET RAILWAY CO.

Owns
--Incorporated in Pennsylvania Aug. 4 1890
ORGANIZATION.
the Chester Valley Electric Light Heat & Power Co. and the Coatesvthe
Electric Light Heat & Power Cc. Franchises perpetual.
Maturity.
Interest. Outstanding.
Date.
S'rOCK AND BONDS11.000,000
Stock 11.000.000($50) _
1,000 000 Aug 1 1932
5 ir F-A
First mtg $1.000,000 ($1,000.1 1902
e• tf lint. at West End irust Co.. Phila.. trustee.
_ _.
-Incorporated In Virginia in 1900. Stock authogold__ _ _ __
ORGANIZATION.
Sonds.-No sinking fund and bonds not subject to call.
rized. 32.000,000; outstanding, 11,000.000 (15O). Road 14.19 miles from
D. C., to Great Falls. Va. Total track. 28.34 miles. StandWashington.
-For fiscal year ending June 30:
EARNINGS.
-P., R. H.
Int. & Taxes. Deprec'n. Surplus.
Net.
ard gauge; 70 and 80 lb. rails. Pres., John R. McLean; V.
Gross.
Year$6,172
$7,546
$56,892
$70,610
3151,548
Goldsborough: Sec. and Treas.. Wm. B. Orme.
1914
5,584
17.186
58,406
81,176
152,641
1913
from Lenape. through West Chester, to Downing'
-In oneration
ROAD.
rails. 70-1b. T;20 cars. ExThis company has leased for 50 years from June 1912 the Bluemont ton and Gallagherville. 18 m.; gauge,5 ft. 2 ji in.;
branch at the Southern By.. extending from Alexandria to Bluemont, Va., tension Lenape to Kenneth Square was completed Oct. 1 1904. An extension
30 m.
about 54 miles. The road Is to be electrified as part of Its system. In from GallaghervIlle to Coatesville completed Nov. 5 '06. Total track.
spring of 1912 it was reported application had been made to issue 32,OFFICERS.-Pres., Meyer Scharnberg; Sec., Jonas Rice; Treas., Geo.
-Ps., E. B. D. Woodside. all of Philadelphia.
84, p. 340, 392.
OFFICERS.-Pres.. F. C. Wright; V.
-V.
500.000 30-yr. bonds.
McLean and C. H. Livingstone; Sec., A. K. Stratton; Treas., George How
-V.95, p. 482.
ard; Gen. Mgr.. W. B. Emmert. Office, Washington. D. C.
WEST CHESTER & WILMINGTON ELECTRIC RY.
In 1909 control of company changed hands.
WATERLOO, IOWA.
0RGAN/Z AT/ON.-A consolidation on March 26 1908 In Pennsylvania
of the West Cheater & Wilm. Elec. By. of Pa. (chartered Dec. 14 1907 in
FILLS & NORTHERN RY.-Trolley.
WATERLOO
Penn.) and the West Chester & WIlm. Elec. Ry. of Del. (chartered Jan 24
ORGANIZATION -Incorporated in Iowa in 1805 as Watetioo & Cedar 1908 In Delaware). Proposes to connect Wilmington and West Chester.
chanved to above in lone bv amending articles
)
Fall, Ran Transit; name
17 miles. Private rights of way already secured. Proposes to carry freight
of incorporation. Line opened between Waterloo and Cedar Rapids, as well as passen era.
Sept. 13 1914. Connects at Cedar Rapids, Ia., with the Chic. N. W. Ry.
Interest. Outstanding. Maturity.
and Chic. MIL & St. Paul By. Franchise perpetual.
STOCK AND BONDS.- Date.
380 shares
Maturity. Stock common $450,000 ($50) ____
Interest. Outstanding.
Date.
STOCK AND BONDSNone.
5%
Preferred $50.000 ($50)______
$1,875.00)
($100) $2,250,000 ____
Corn
5 A-0
$500,000 April 1 1938
593,135 July '14,6% let mtge $500.000 gold
Pref stock $800,000, cum _____
Int. at Sec. Tr.&SafeDep.co., Wilm.,trustee
3,368,000 Jan 1 1940
5 g J-J
First mtge gold $6.000.0001 1910
Also includes Wilm. & South. Trac. Co., 6 miles ,making total mileage
c'Mint. at First Tr. & Say. Bk., Chic.. trustee. 16 miles. 70-1b. T rails. Gauge, 5 ft. 234 inches.
(11.000)
bonds can be issued at 82)4% of cost of extensions.
Bonds.-RemaInIng
Bonds have a sinking fund of 20% of net earnings and are subject to
Subject to call upon 60 days' notice on or after Jan. 1 1815 at 105 and int. oall at 105 after 5 years.
Annual sink, fund of 2% of bonds out beginning with fiscal year ending
OFFICERS.-Pres., Louis Dalmas; Sec. and Treas., 0, P. Faucett
Boisot Is also trustee. V. 90, p. 650,
not later than Dec. 31 1912. Louis
Chief Eng., St. G. H. Cooke; Witherspoon Bldg., Phila.-V. 87, p. 40:
915: V. 93, p. 528, 591.
101 miles on V. 88. p. 102.
-Operates 130 miles of track, main line (of which
ROAD.
private right of way and 22.44 miles under franchise) and 9.03 miles of
sidings. 60, 75 and 85-1b. T rails. Steam equipment, 4 locomotives and
WILMINGTON, DEL.
300 cars. Electric equipment, 14 locomotives,69 cars and necessary workWILMINGTON NEW CASTLE & DELAWARE CITY RY.
r.firs, snow plows, sweepers, &c.
ORGANIZATION.-Incorp. In Delaware on May 31 1912. as successor
-For 12 months ending June 30 1914, gross, 3500.352:
EARNINGS.
to the New Castle & Delaware City Trao. Co., which company had acquired
net after taxes, 3255,661.
Cass: Treas. and Auditor, the New Castle & Delaware City division of the Wilmington New Castle &
-P., J. F.
OFFICERS.-Pres.. L. S. Cass; V.
-V.87, p. 1665; Southern By. Acquired the Wilmington Southern Traction Co.In Jan.1913.
Cass.
W. H. Burk; Sec., F. E. Farwell; Gen. Man..
Date.
Interest. Outstanding. Maturity.
STOCK AND BONDS.V. 90, p. 700. 850, 915; V. 93, p. 528, 591, 873.
Stock $250,000 ($100)--------------------3250,000
6 g J-D
200,000 June 1 1942
First mortgage $250,000 gold) 1912
($1,000)call at102 &Int tf lint. at Colum.-Knick. Tr, Co.. N.Y trustee.
WATERVILLE, MAINE.
-A
5g F
150,000 Feb 1 1941
Wilm So Trac 1st M g $250.-1 1911
000($500 and $1,000) c_ ft(Int. at Equitable Tr. Co., N. Y., Trustee.
Bonds.-RemalnIng $50,000 1st M. bonds are in treasury. WllM. SO.
ORGANIZAT/ON.-/noorp. in Maine In 1902 as the Waterville & Oak- Trac. bonds are subj. to call on any int. day at 102 and interest.
to $500,000
land St. By., but in 1911 increased Its stook from $100,000
-Comprises 10 miles of track from New Castle to Delaware City.
The $400,000
ROAD.
1602.
($100) and changed name to present title. V. 93, p. Pow. Co. to pay that Also includes Wilm. & South. Trac, Co., 6 miles, making total mileage 16
additional stook was turned over to the Central MaineWaterville & Oakland mfies. 70-lb. T rails. Gauge, 5 ft. 234 inches.
company for having retired outstanding bonds of the
railway property
-P., T. D.Rhodes; Sec. & Treas..
OFFICERS.-Pres., W. R. Brown; V.
St. By. and for procuring the Conveyance of the street L. Co. The Cen-V.95, p. 620, 681.
Lovell Rhodes.
formerly belonging to the Waterville & Fairneld By. &
claims and intral Maine Power Co. assumes and agrees to pay all liens, owned by the
cumbrances of every kind attaching to the property formerly
Fairfield &
Waterville & Fairfield By. & Light Co.. so that the Waterville Waterville.
WILMINGTON, N. 0.
at
Oakland By. now owns both railroads, which connect bonds.
Oakland Ry. has no
V. 93, p. 1790. Watery. Fairfield &
TIDEWATER POWER CO.
Fairfield through Waterville to Oakland. 10.92
ROAD.
-Extends from
pass. and 5
ORGANIZATION.
-Incorporated in 1907 in North Carolina. On Oct
miles. Standard gauge. 58 to 90-1b. T and girder rail. 23
17 1907 leased the Consolidated Railways, Light i!e Power Co. for 99 years
work cars, 2 snow-plows.
Hegarty; Treas., (see terms below). Owns all of the pref. stock of latter company and also
OFFICERS.-Pres., Harvey D. Eaton; Sec., Geo. D. p. 1602, 1790.
3,493 shares of 3.500 shares common stock.
-V.93,
Walter S. Wyman; Gen. Mgr., Ralph J. Patterson.

GREAT FALLS & OLD DOMINION RR. CO.

WASHINGTON & OLD DOMINION RY.

CEDAR

C. D.

WATER VILLE FAIRFIELD & OAKLAND RY.




SEPT., 1914.1

131

ELECTRIC RAILWAYS

Interest. Outstanding. Maturity.
STOCK AND BONDS.Date.
$600,000 See text
A-0
Common 5600.000___
588,800 See text
Prof $600,000 5% cum (see text)---- See text
626,000 Jan 1 1949
First mortgage, $2,000,0001 1909
5g
($1,000) gold
c* Int. at Penn. Co.for Ins. on L., Szc.. Phila.,
trustee.
Stock.
-$7.100 of pref. stock has been bought in by company; $4,100 unissued. In 1912 by consent of common stockholders, pref. stock was made
a 6% stock after the corn, has received 7% in any year. The extra 1%.
however, is not cumulative.
Bonds.-Niortgage lovers railway In Wilmington owned by company
extensions to the gas and electric plants of Consol. Rys. Lt. & Pow. Co
made by Tidewater Power Co.. also stock of Consol. Ftvs Lt, 1t; Pow. Co
and lease executed by latter company to former. Additional bonds may
be issued at 85% of cost of new property and extensions, but only when
net earnings equal 50% more than int, on all bonds out and including
amount to be Issued. Bonds are subject to call on and after Jan. 1 1914 in
entirety only at four weeks' notice at 105. Sinking fund of 1% starts 1914;
$6,000 have been retired. V. 89, P. 471.
Dividends.
-Prior to Jan. 1 1913 5% per annum was being paid on pref.
paying 6%
(31% monthly, omitting Jan. and July). On Jan. 1 1913 began Apr. 1910;
per annum (3. % each month). On corn., 1st div., 2%; paid
Oct., 27 in 1911, 6%;in 1912. Apr.. 3%; Oct., 3% and 1% extra, and is
0;
now paying at the rate of 7% per annum.
net, alter
-Year ending Dec. 31 1913, gross, $455,693;
EARNINGS.
taxes, $184,658; charges, $61,093; deprec'n, $20,000; surplus, $103,565.
-P., M. F. H. Gouverneur; 2d
OFFICERS.-Pres., Hugh MacRae; V.
V.
-P. (vacant)); Sec.. 11. Wooicott; Treas., R. J. Jones; Gen. Mgr.,
A. B. Skelding.-V. 85, p. 42, 1144; V. 86. p. 1161, 1468; V. 89, p.471:
V. 93, p. 1790; V. 96. p. 731. 1158.
(1) Consolidated Railways. Light lc Power Co.
Lease.
-On Oct. 17 1907 was leased to Tidewater Power Co.for 99 years
Rental is Int. on bonds and 5% on outstanding common and preferred stock
-Incorporated in North Carolina on April 24 1902
ORGANIZATION.
and is a consolidation of the Wilmington Street Ry., Wilmington Gas Light
Co.. Wilmington & Sea Coast RR. Wilmington Dummy Line and the Wilmington Electric Light Co. Operates entire street railway, electric light
and gas systems of the city. All franchises stated to be perpetual; street
railway franchise is exclusive until 1937.
In Aug. 1914 company presented a petition for a franchise to extend its
existing lines. V. 97, p. 406.
Interest. Outstanding.
Maturity
Date,
STOCK AND BONDS$350,000 See text.
Common $350,000 ($100)100,000 See text.
Preferred 5150.0005% cumu-1
lative ($100)
517.700 July 1 1932
5 g J-J
First mtg $600,000 gold ($50,1 1902
$100. $500 and $1 000) ___c lint. at Safe Dep. ds Tr. Co.. Bait ,Md.. trustee.
sinking fond commencedJuly 11904, to which 1% per annum
-A
Bonds.
of outstanding bonds is payable until 1914; 1 %% annually until 1924 and
2% per annum thereafter. Proceeds to be invested In the bonds at not
exceeding 105 and int., but bonds are not subject to call. $82,300 bonds
have been retired by the sinking fund.
-Owns and leases 30.65 miles of track. 1.50 miles of which are
ROAD.
leased to the Atlantic Coast Line RR. Co. until 1936. 48 cars. 56, 60
and 72-lb. T rails. In 1913 supplied 41.255 incandescent lights, 126 are
-V. 95, p.
lights and 615 tungsten lamps. Has 23.3 miles of gas mains.
40, 1143; V. 99, p. 406.

YOUNGSTOWN, OHIO.
REPUBLIC RAILWAY & LIGHT CO.
-(See map on nage 132).
ORGANIZATION.-Incorp. in New Jersey on June 27 1911. This
company, by the acquisition of over 98.55% of the outstanding stock of the
Illahoning & Shenango By. & Light Co.. has the ownership or control of
the properties of the following companies.
Mahoning & Shen. By. & Lt. Co. *Sharon &New Castle St.Ry.Co.fPa.
)
*The Mahoning Valley By.
The Sharon & New Castle Rys. Co.
*The Mahoning Val. So. East. By, *The Sharon & Wheatland St. Ry.Co•
The New Castle Electric Co.
Sharpsvilie Electric Light Co.
*New Castle Electric St. By. Co.
Shenango Valley Electric Lt. Co.
*The New Castle & Lowell Ry. Co. *Valley Street By. Co.
*New Castle & Lowell Realty Co.
*Wheatland Street By. Co.
*New Castle Sc Mah. St. By. Co.
Youngstown Cons. Gas & Elec. Co.
New Castle Traction Co.
*The Young. Pk. & Falls St.Ry. Co.
Penna. & Mahoning Valley Rv, Co. Youngstown-Sharon Ry. & Lt. Co.
Pennsylvania Power Co.
*The You ngstown & Sharon St.Ry.Co.
*Poland Street Railway Co.
Sharon Gas & Water Co.
Sharon & New Castle Ry. Co. (Ohio) Zelienople Light & Power Co.
Plan for Merging Subsidiaries.
-Under a proposed plan the street railway
companies in the list above as indicated by a "*" will eventually all be
consolidated with the Mahoning & Shenango By. & Light Co. in order to
simplify the management of these companies. The stocks of some of the
subsidiary railway companies, however, are owned by one of the controlled
companies, the Youngstown-Sharon By. & Light Co., which, in turn, owns
all the capital stock of the Sharon & New Castle Rys. Application has been
filed with the Penn. P. S. Comm. by the Mahon. & Shen. By. & Lt. Co.
for permission to acquire the stocks of the Pennsylvania companies owned
by the two last-named companies. On July 16 the P. S. Comm. of Ohio
granted the application to sell the property of the Youngstown Consol. Gas
& Elec. Co. to the Youngstown & Sharon St. By. The Penn. P. S. Comm.
has under consideration the question as to whether the electric-light cos. in
Pennsylvania can be merged with the street railways. V. 99, p. 343.
The controlled companies own and operate about 167 miles of electric street and interurban railways about midway between Pittsburgh and
Lake Erie in the cities and intervening territory of the Mahoning and
Shenango valleys; and also the electric lighting systems of Youngstown,
New Castle, Sharon, &c. Practically all the Pennsylvania franchises are
perpetual. Railway franchises in Youngstown expire 1933. The most
Important interurban franchises in Ohio expire from 1945 to 1950 and Ohio
lighting franchises expire from 1925 to 1954. 53 miles of track are on
private right of way.
As of March 1 1912 acquired the entire stock and bonds of the Pennsylvania Pow. Co., doing an electric business in Ellwood City, Wampum,
Zeilenople, Chewton and West Pittsburg. V. 94, p. 983. All the capital
stock of the Poland Street By. was acquired as of June 1 1913.
Common stock Is held in voting trust.

STOCK AND BONDSDate.
Interest. Outstanding. Maturity.
Common $7,500,000 ($100)$6,206,000
Q-J 15
6%0007m$10.000,000($100)
5,191,400 Oct.'14, 11.4
Secured notes $5,000,000 gold' 1912
5 g J-J
3,000,000 Jan 1 1916
Pref
a1,
ntffBrooklyn Trust Co., Trustee.
Mah&Sh R&L 1st con ref MI 1905
5 g J-J
4,844,000 Jan 1 1916
$10,000,000 g ($1.000)c* Mint. at New York Trust Co . N. Y.,Trustee.
1,854.000 May 1 1922
Pa & M V 1st and refunding 1902
5 g M-N
mtg, $2,750,000, gold Int. at Harris. Forbes Sc Co.. New York.
($1,000)
c* tf U.S. Mortgage & Trust Co., N. Y., trustee.
New Castle Traction 1st mtg 1897
5 g M-N
500,000 May 1 1927
$500.000,gold($1,000)0 tf Int. at Union Tr. Co., Pittsburgh, trustee.
N C Rico Co 1st 31, $200,000, 1897
5 g M-S
200,000 Mch 1 1927
gold
tf Int. at Union Trust Co., Pittsburgh, Trustee.
YS By & Lt 1st mtg 52,500,-1 1900
5 g J-J
$2,159,000 Jan 1 1931
000 ($1,000) golds f_
Whit. at N. Y. Trust Co.. N. Y.. trustee.
WORCESTER, MASS.
Sh & New Castle 1st mtg,) 1901
5 g J-J
294.000 July 1 1931
$500,000, g. ($1,000), s f( Interest at New York Trust Co., N Y.trustee.
-A trolley road.
WARE Et BROOKFIELD ST. R Y.
guar. p and I
c* tf
Motioning Valley S E 1st{ 1903
5 J-J
94,000 July 1 1923
-Incorporated in Massachusetts in Oct. 1905. and is
ORGANIZATION.
mortgage
tf Int. at Lawrence Say. & Tr Co., New Castle,
successor to the Hampshire & Worcester St. By., sold on Sept. 30 1905.
Pa., Trustee.
5 J-J
194,000 Jan 1 1919
Date.
Interest. Outstanding.
Maturttg. Youngst Park do Falls St By' 1898
STOCK AND BONDSfirst mortgage
tf'Int. at Union Trust Co., Plttsb., Trus.
$100,000
Sbock
5 J-D
170,000 June 1 1933
135,000 Dec 1 1921 Poland St By 1st M $200,0001 1913
5 g J-D
Hamp & Wor 1st mtg. $135,-1 1901
($1,000),guar p and i..ntf'Union Trust Co. of Pittsburgh, Trustee.
I Int. at Amer. Trust Co., Boston, Trustee.
000 gold ($1,000)
Bonds.
-No s. f. and bonds are not subject to call.
Bonds.
-Remaining Rep. Ry. & Lt. Co. secured notes are reserved for
EARNINGS.
-For year ending June 30 1913, gross. $33,933; deficit from additions, betterments and acquisitions. Notes are redeemable in
whole or in part on 30 days' notice at par and interest. See V. 94, p. 1119.
Operation, $5,183; charges, 57.418; total deficit, $12,601.
Of the Penn. & Mahoning Valley By. bonds, $750,000 are reserved to
-Operates 12 miles of track between Ware and W. Brookfield. retire prior liens; a sinking fund of $50,000 per annum began Nov. 30
ROAD.
and between Ware and Gilbertville, and connects with the Springfield & 1911. Bonds purchased for sinking fund are canceled. $146,000 have been
purchased. The Youngstown-Sharon first mortgage bonds can be
Eastern St. By.and Warren Brookfield & Spencer St. By. 12 pass. cars.
called at 115 and interest on any interest date; $281,000 have been acOFFICERS.-Pres., J. Edward Brooks, Boston; Treas., E. W. Gilbert, quired by sink,fund and $60,000 are held as coll. under M. & S. 1st con. ref.
777, 1175.
-V. 81, p.
Boston; Supt.. John F. Lambert.
mtge. For lien covered by these bonds, see "Street Railway" Section of
-S. By. & Lt. 2d mtge. Income 5s,
June 24 1905. There are also $500,000 Y.
all of which are deposited under the Mah. & Shen. 1st cons. ref. mtge. The
Sharon & New Castle bonds are subject to call at 115 and int. on any list
YORK, PA.
date; $58,000 have been acquired by sink, fund. and $150.000 are held as
coll. under H. & S. cons. ref. mtge. For lien of these bonds see "Street
-A trolley road.
Railway" Section of June 24 1905. Of the $10,000,000 Mah. & Shen. 1st
YORK RAI LW A YS.
consol. & ref. bonds, $5,156,000 are reserved to retire all prior liens. ReORGANIZATION.
-Incorporated in Pennsylvania Nov. 13 1907 as a deemable at 105 and int. on any int. date. V. 89, p. 587. This issue Is
consolidation of properties operating in York and vicinity. V. 85, p 1403. substantially a closed mtge., as the unissued bonds are held for retiring
Franchise perpetual.
divisional bonds. The Poland St. Ry. bonds are guar., prin. and int., by
The following companies have been consolidated or merged:
the Rep. By.& Lt. Co. Redeemable at 100 and int. on 30 days' notice.
York Street Railway Co..
York Haven Street By. Co.,
-On pref. 13.4% quar. has been paid since organization.
Dividends.
Wrightsville & York Street By. Co.
Red Lion & Windsor Street By. Cc.;
& Dover Electric RV CO.,
York
fTsinnver & Vorir Street fly. CO.
EARNINGS.-Consolidated income account of controlled companies
York & Dallastown By. Co.
Edison Light & Power Co.
Surplus.
12 mos. end. Aug. 31. Gross. Net, after Taxes. Int., &c.
Owns entire capital stock of Edison Electric Light Co. and York Suburban 1913-4
$525,101
$696,959
$3,083,372
$1,222,061
Land Co.; also all of stock of York Steam Heating Co. V. 85. p.1463. 1912-3
449,530
660,625
1,110,155
2,911,033
Edison Electric Light Co. does a majority of the light. heat and power
The
business in York and vicinity.
ROAD.-Operates about 150 miles of railway.comprising street railways
In April 1913 interests connected with the company incorporated the In and between Youngstown, Warren, Niles, Lowellsville, Leavittsburg, GiEdison Light & Power Co. to take over the lighting and power subsidiaries rard, Struthers. Poland and Hubbard in Ohio, and New Castle, Sharon,
of the York Railways and other properties. Including the Edison Elec. Light Farrell, Wheatland. West Middlesex, Edenburg and Sharpsyille in Pa.;
Co., the lighting companies of West York. North York, Manchester, also the lighting properties of Youngstown, New Castle, Sharon and SharpsMount Wolf. Dover. Hallam and others.
%dile, with lighting contracts covering intervening and neighboring districts!
On Jan. 12 1914 shareholders auth. an issue of $500,000 coll, trust notes 270 cars.
to refund notes of 1911 and to liquidate floating debt incurred for Mints.
EXECUTIVE COMMITTEE.
-Henry H. Wchrhane, Chairman; Anson
STOCK AND BONDSDate.
Interest
Outstanding. Maturitg. W. 13urchard. Samuel McRoberts, Geo. A. Galliver and Harrison Williams.
Common $2,500 000 ($50)_
$2.500,000
52.000.000.5% cum ($50) OFFICERS.-Pres. Oren Root; V.
Pref
1.600,000 July '14 24
-P., Geo. A. Galliver; V.
-P.. Wm.
5 J-D
1st mtge & colt tr $10,000,0001 1907
3,872.000 Dec 1 1937 M.Coleman; Sec., G. F. Ravenel; Treas., F. B. Lasher.
c*f Guar. Trust de Safe Dep Co., Phila.. Trustee
gold ($1,000).
Officers of Mahoning & Shenango Railway & Light (operating company).6gF
-A
500,000 Feb 1 1915
Coll trust notes $500,000 gold; 1914
-P., Geo. A. Galliver; V.-P..R.
lPenna. Co. for Ins. on Lives, &c., Trustee. Pres., Ray P. Stevens, Youngstown; V.
Montgomery, Youngstown; Sec.& Gen. Counsel, Wm.M. Coleman, N.Y.;
and Bonds.-Pref. stock Is cumulative 1 years from date of issue. Treas., E. G. Dunlap,Youngstown; Aud.,Arthur E.Dedrick, Youngstown.
Stock
The stook of the controlled Edison El. Light de Pow. Co. and York Subur, -V. 93. p.46, 872, 1026; V. 94. p. 831, 983, 1119: V. 95, p. 112; V. 96, p.
Land Co. are deposited as additional security for the bonds. $677,000 654, 1022, 1703. 1774; V.97, p. 299, 1824; V.98, p. 304; V.99, p.343, 468.
bonds in treasury. Remaining bonds, can only be issued under certain restrictions. No sinking fund. See particulars of bonds, property, &c., in
V. 87. p. 40. Stocks and bonds are listed on the Phila. Stock Exchange.
V.89. p.412; V.94, p.984. The coll. trust notes are secured by $667,000
YOUNGSTOWN & SOUTHERN R Y.
-A trolley road.
1st mtge. bonds. V. 97, p. 1900; V.98, p. 238.
ORGANIZATION.
-Incorporated in Ohio on May 9 1903 under the
Dividends.
-Initial div. on pref.-1%-paid July 1911. In 1912, 4%. General Railroad
Laws. Controls 7.000 acres of coal lands.
%.
In 1913, 5%. In 1914, Jan., 23.4 %; July,
STOCK AND BONDSDate.
Interest. Outstanding.
Maturity•
EARNINGS -For years ending Nov. 30:
Stock, $1,800,000 ($100)_
_
$1,800,000
Fiscal
Gross
Net
Charges &
Dividends
Balance, let mtg, 31.500.000, goldl 1903
5 g A-0
948,000 Oct 1 1923
YearEarnings. Earnings.
Taxes.
Paid.
(11,000). a f
Surplus,
c•J Interest at New York Trust Co.. trustee.
$767,162 $352,896 $258,978
1912-13
(5%)$80,000
$15,917
Bonds.
-A sink, fund of 5% per annum of
1911-12
714,701
332,591
252,328 (4%) 64,000
16,263 after 5 years. See V. 77, p. 2160. Bonds not bonds outstanding began
subject to call.
ROAD.
-Owns and operates about 84.33 miles of track centering in York.
ROAD.
-Operates about 20 miles of road from Youngstown. to Leetonla.
Including an interurban line between Hanover and York, 18.8 miles.
70
-lb. T rail. An extension from Columbiana through New
Waterford to
East Palestine is proposed.
OFFICERS.-Pres Gordon Campbell; V.
-P., L. C. Mayer; See., M
G. noes: Treas., E. A. Darnitz.-V. 87, p. 40. 481; V.; 89, p. 412: V. 90,
OFFICERS.-Pres.,John Stambaugh, Youngstown; V.
-P., Chas.Booth;
p. 169; V. 92, p. 796, 882, 1637; V. 93. p. 106. 941 V. 94, p. 125,984: Youngstown; Sec.
and Treas., David Tod,Youngstown; Gen. Mgr.,
V. 96, p. 287, 355; V.97. p. 1428, 1900; V. 98. p. 389, 1602.
A. W.
Hartford.
-V.80, p. 2400.




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WAMPUM

E. Palestine

N.Sew gkl_ey
I

V

TERRITORY SUPPLIED WITH LIGHT & POWER

RETAIL

WHOLESALE

000 CITY
Light & Power

Enon Sta. or Enon Nrey P.O.
.Unity °

TRANSMISSION LINE -•-•-•-•-•-•

SINGLE TRACK

Sta. or Hazeldell

Electric Light & Power

Columbiana

Homewood

McKimms Sta.or
Celia P.O.

SEPT., 1914..1

ELECTRIC RAIL WAYS

133

ELECTRIC RAILWAYS IN ISLAND POSSESSIONS AND FOREIGN COUNTRIES
HAMILTON, ONTARIO.
DOMINION POWER & TRANSMISSION CO.
ORGANIZATION.
-Incorporated in Canada on Jan. 11 1907. Owns or
controls the Hamilton Cataract Power, Light & Traction Co.(V.76.p.1407;
V. 80, p. 1111. 1363) and all the electric light and power business in Hamilton, St. Catharines and Intervening territory; also the entire street rallwa7
end interurban lines In Hamilton and surrounding country. V. 84. p.
508,569. Controls through stock ownership the following co's
(V.97,p.886):
Hamilton Radial Rim. Sty..
Dun as Electric Co.,
Brantford & Hamilton Elec. Sty.,
Lincoln Electric Co.,
Hamilton Street Ry.,
Western Counties Electric Co.,
Hamilton & Dundas St. Sty.,
Brantford Elec. & Op. Co.,
Ham. Grimsby & Beamsville Ry.,
Welland Electric Co.,
Ham. El. Lt. & Cataract Pow. Co., Hamilton Terminals Co.
Application has been made to Parliament for an extension of the charter
of the Brantford & Hamilton Ry, to enable the company to extend that
railway to Galt.
STOCK AND BONDSInterest. Outstanding. Maturity;
Date.
Ordinary $9,900,000 ($100)
*2.614.500
.
Preference 510,000,000($100)3.681,100
see text
Limited preference
5.100.000
see text
Prof. Is entitled to % for 3 years from 1907 and 7% thereafter.
4.757,000
in mortgage. 125,000,000 1007
See text.
5 g A-0
(11.000). gold
c•1 Harris Tr. & Say Bank of Chicago. Trustee.
Nat. Trust Co., Ltd., Toronto, Can., Trus.
Ham Cat P L & Tr Co, Ltd,( 1903
3,400,000 April 1 1943
5 A-0
1st & ref M $5.000,000 gold( Tut. In Hamilton & N. Y. Nat. Tr. Co,
($1,000)
ILtd.. Toronto, trustee. Callable at 110 &
( int. beginning April 1 1923.
Bonds of subsidiary companies
x3.743.000
z Includes $3.128,000 Ham. Cat. P. L. is T. Co. bonds.
Bonds.
-Of the $25,000,000 mortgage $10,000,000 may be issued, with
the approval of the trustee, for not exceeding 80% of cash cost of extensions
and additions and the remainder for not exceeding 75 %. The entire outstanding issue, but not any part thereof, can be called at 1071.4 and Int. on
April 1 1917 or any coupon date thereafter on 60 days notice. The bonds
mature 117.000 annually from April 1 1914 to 1921 and 134.000 annually
from April 1 1922 to 1931, and the remaining $1,174,000 are due April 1
1932. They are secured by all the property owned through deposit of
stock and bonds with trustee. &o. The Hamilton Cataract Pow. L. & Tr.Co.
Ltd., bonds are prior to bonds and stock of Dom. Pow. & Trans.
Co.
Dividends.
-6% was paid on preferred in
paid.
Two dividends of 1.4 of I% have also been 1907; in 1908. 3% wasstock.
paid on limited pref.
In Dec. 1908 it was decided to omit dtv,
on
See V. 87, p. 1478. None to Jan. 1911, when both classes of prof. stock;
31.4% was paid; July, 31.4%;
also paid In Dec. 1911 div. due Jan.
1909. 3%. In 1912, Jan., 3 Si%.
July. 3ti %; Aug., 3% (due June 1909),
of 113.5% was paid Feb. 15 1913 in full of In 1913. Jan.. 31.4%. A div.
arrears; July, 335%. In 1914,
Jan., 336 %; July, 3tli%.
EARN IN GS.
-Of company and subsidiary companies for calendar years.
For 1913 report see V. 98. p. 687.
Calendar
Gross
Net
Maint'
ce Bond,
Divs.
Balance,
YearEarnings. Earnings. & Rents. Int.,&c. Paid.
Surplus.
1913
$2,737,806 $1,281,813 $141.116 $378,172 $362,379 $400,146
1912
2,563,371 1,203,912
352,153 362,301 489,458
ROAD.
-Controls 25 miles of single track in Hamilton and 83 miles of
interurban lines, and also supplies light and power to
Hamilton, Brantford,
St. Catharines, Welland and Intervening
56.600 horse-power hydro-electric station. territory. Likewise owns a
OFFICERS.-Pres.. J. R. Moodie; V.
-P., James Dixon; Sec. & Mg.
Director, C. Hawkins;
Mgr., Edward P.
-V. 87, p. 873, 1478; V. 88. p. 504; V. 90.Coleman; Treas., John Knox.
p. 626; V. 92. p. 659. 1176.
V.93, p.407: V.94. p. 623. 1783: V.95. p
238, 1541: V.96. p.553.647„ 716:
V. 97, p. 886, 1203; V. 98, p. 613, 687; V.
99, p. 119.

ROAD.
-Operates 71.78 miles of track. 436 cars. Gas
-plant production in 1913. 324,936,009 cu.ft.; 171 miles gas mains;3 steam.4 substations
plants, combined capacity, 13,970 k.w.
OFFICERS.-Pres.. Frank Steinhart: V.
-Ps., David T. Davis. Emeterio
Zorilia, Antonio San Miguel; Sec. is Treas.. H. Kraemer.
-V. 94. p. 767.
911, 1626; V. 95, p. 968, 1472; V. 96, p. 1089, 1157, 1297. 1621, 1840
V. 98, p. 1459; V. 99, p. 116.

HONOLULU, HAWAII.

HONOLULU RAPID TRANSIT & LAND CO.
-Trolley.
ORGANIZATION -Incorporated In Hawaii Aug. 30 1898. Franchise
runs for 30 years from 1901. and permits the carrying of freight and mall
as well as passengers.
In 1903 purchased the Hawaiian Tramways Co. (having outstanding
£65,000 stock and E30.000 6% debentures,and comprising 121.4 miles of
track); payment being made by the Issue of $150,000 6% bonds of the
Rapid Transit Co.; 910 shares of preferred stock and $59.150 In cash
in 1909 the Pearl Harbor Trao. Co. was incorporated with $100,000
stock, 99.3% owned by Honolulu Rapid Transit, for the purpose of extending the Rapid Trans. Co.'s line to Naval Station at Pearl Harbor.
STOCK AND BONDSinterest. Outstanding.
Maturity.
Date.
Common, 11,250.000 ($100)_ ___
8 Q-M 31 11,207.500 Sept 1,2%
( 1902 8 g M-N
556.000 May 1 1927
First mortgage. $1,000.000.i Interest at Union Trust Co.. San Francisco.
gold ($1,000)
0' I trustee. at National City Bank. New York.
I or at company's office. Honolulu.
Dividends rnay not exceed 8% on par value of stock issued. Excess of
income (after providing for sinking fund to retire bonds and capital stock)
must be divided equally between Govt. of Hawaii and stockholders. All
pref. stock was converted into corn. in 1913.
Bonds.
-S286.000 bonds are reserved for extensions at the rate of $15,000
per mile, or for acquisition of other street railways; $133,000 have been
redeemed and canceled. All bonds may be called on May 1 1917. or on
any Interest (lay thereafter. For bonds numbered from 1 to 460.
3% of the amount outstanding shall be set aside each year from May
1 1907 to May 1 1926 as a sinking fund. For the remaining
bonds (numbered 461 to 1.000), on the 1st day of May after their issue and
each year thereafter till 1926,such sums shall be set apart the principal and
Interest of which compounded at 5% would equal the par value of the
amount of bonds then issued and outstanding as a sinking fund. These
sinking funds to be used respectively in the purchase of the bonds for which
they are created, after advertising or in the open market, at a price not to
exceed a 4% basis, or at such higher price as may be agreed upon between
the company and the trustee. See V. 74. p. 1251.
Dividends.
-On common Dec.31 1903, 1%: in 1904. 4%; in 1905. 4%; In
1906.351%; in 1907.3%: in 1908 4%; in 1909, 4%; 1910, 4%; in 1911,
6% in 1912,6%;in 1913, 6%;in 1914, Mar., 2%; June, 2%; Sept., 2%.
REPORT.
-For years ending Dee. 51:
Gross
Cal.
Net
Other Int.. taxes. Pf.div. Dtomend LITI Balance.
gear- earns,
rom stork. surplus.
earns.
inc. denen. &c. (6%).
1913_$618.145 $246,902 $7,578 $116,810
(8%196 672 $41:571
(6 %51:0 0 91072
1912__ 564.473 273,907 5,796 115.705 20,754
Passengers carried in 1912, 11,407,846, against. 10.031.262 in 1911.
ROAD.
-lb. rails; 54 vesti-Operates 26 miles of track. Gauge, 4 ft.; 85
buled motor cars; capacity of generators, 1,900 k. w.
OFFICERS.-Pres.. L. T. Peck: 1st V.
-P.,
-P.. L. A. Thurston; 2d V.
G. P. Castle: Sec., A. L. Castle; Treas.. C. H. Atherton; And.. W. M. Graham; Mgr.. C. G. Ballentyne.-V. 77, p.2035: V 82. p. 1268; V. 86. p. 794,
981; V. 88, p. 1002: V. 90, p. 976; V. 92. p. 795, 881; V. 94, p. 630; V. 96,
p. 1629, 1701; V.97,p. 886; V.98, p. 912.
KINGSTON, JAMAICA.

-A trolley road.
WEST INDIA ELECTRIC CO.
ORGANIZATION.
-Incorporated 1897 In Jamaica. In 1907 took oyes
the lighting business on a rental basis. Franchise expires Jan. 1 1928.
Interest. Outstanding. Maturity.
Date.
STOCK AND BONDSHALIFAX, N. S.
$800.000 Oct'14.1 It%
Stock, $800,000 ($100)------ HALIFAX ELECTRIc TRAMWAY CO., LTD.
600.000
Jan 1 1928
5g J-J
First mortgage. 1600,0001 1898
In the latter part of 1912 E. A. Robert and
0 Montreal Trust is Deposit Co.. Trustee.
associates acquired slightly
go
($500). god
over 60% of the capital stock under their offer of *160
Interest at Bank of Montreal, Montreal.
Not subject to call.
per share.
ORGANIZATION.
-Chartered March 20
-First dividend on stock-1%-paid April 1 1908. and 1%
Dividends.
Power Co.. Ltd.. the Halifax St. By. Co.. 1895. Owns the Nova Scotia was again paid July 1 and Oct. 1 1908. In 1909, 43i%. In 1910 to 1913.
the Halifax
and the gas company. Franchises are perpetual: street /II. is Motor Co. Incl., 5%; in 1914. Jan., 134 %; April, 134%; July. 134%; Oct., 13(%.
railway franchise
I. exclusive for 20 years. Operation began in Feb. 1896.
REPORT.
-For years ending Dec. 31:
On Nov. 7 1913 the P. U. Comm. authorized the issue
Net. Int.&R,ents. Taxes. Dividends.
GTOSS.
Surplus.
Yearof $600,000 additional stock to redeem the $600,000 bonds. V. 97, p. 594, 666,
$284,842 1137,101 142,000 18,517 (5%)$40,000 $46.584
1913
1426.
124,649
261,080
42,000
(5%)40,000
7.692
34,957
STOCK AND BONDS.Date.
Interest. Outstanding. Maturity. 191'
Passengers carried in 1913, 5,207.008. against 4,712,393 in 1912.
Stock $2.100.000$1,400,000
Oct.'14 2%
-Operates 24 miles of track in and around Kingston. Jamaica.
ROAD.
Mortgage 1600.000
1896
513
600.000
1916 Gauge. 4 ft. 81.4 In
90-lb. glider and 60-lb. T. rails.
Dividends -Dividends have been paid since 1897.
OFFICERS.-Pres., .lames Hutchison: V.
-P., G. J. Crowdy: Sec.. H.E.
REPORT -For year ending Deo. $1:
Lewis; Comp.. Archibald McGillivray; Gen, Mgr., W.
Tittensor.Gross.
Net.
Bond.Int.
Dividends. Depr &c.Surplus. V.88. p.687. 788; V.92,p.727; V.94,p.922; V.96, p.948;H.
V.98.p.914.
1913___$605,934 $268,925 $30.000 (8%)3112.000 $8,619 $118,307
1912____ 539,952
253,392
30,000 (8%) 112,000
104,834
6,558
ROAD.
-Owns 13.15 miles of track. Standard gauge; 60-lb. T and 80LONDON, CANADA.
lb. girder rails; 42 cars.
LONDON STREET RAILWAY CO.
-A
road. Incorp. under the
OFFICERS.-Pres.,E.A. Robert.
-V.89.9. 1223; V.92, p. 461; V.94. laws of Canada in 1873. Franchise expires trolleyat
1925,
p.550; V. 95, p. 968. 1331. 1745; V. 96. p. 486;
which
V. 97, p. 594, 666, 1426; year thereafter, the city has the right to purchase the time, or any fifth
V. 98, p. 610.
Springbank line) on an arbitration basis, by giving oneproperty (except
year's notice in
advance. The directors on Oct. 24 1911 voted to issue $50,000 additional
stock. Up to Sept. 1914 only $2.000 has been issued.
HAVANA,(MBA.
HAVANA ELECTRIC RAILWAY. LIGHT & POWER CO.
STOCK AND BONDSDate,
Interest. Outstanding
afaturitii
Stock, $750,000, ($40) _______
J-J
ORGANIZATION.-Incorp. In New
1556,000 July'14, 3%
the Compact(' de Gas y Electricidad de Jersey on Mar. 26 1912, absorbing First mortgage. $750,000. 1 1896
5g
650,000 hien 8 1925
la Habana (Gas & Electric Co. of
gold ($1,000)
Havana), to acquire and hold the stocks of the Havana Elec. By, per plan
V'I Toronto General Trusts Co.. trustee.
Bonds.
-The remaining $100,000 can only be Issued for 66 2-3% of actual
in V. 94. p. 767. Up to Dec. 31 1912 49,455 (out of 50,000) shares pref.
and 74,462.12 (out 0(75,000) shares common stock of the Havana Elec. Sty. cost of additions and extensions, when net earnings are equal to 10% of all
bonds out, Including those to be issued; but total debt must not exceed
had been deposited for exchange of securities of new company, and on
May 15 1913 a plan for the merger of the properties was approved by the $20.000 per m. of single track. V. 78. p. 2384. Int. Is payable at the Canastockholders of the Havana Elec. Sty.. Lt. & P. Co. The Havana Electric dian Bank of Commerce, Toronto. In each of the 10 years preceding maturSty. stockholders approved the plan on May 27 1913 and on June 18 1913 ity 5% of bonds shall be drawn by lot and redeemed at par on 40 days' notice
Dividends.
-In 1901 8% was paid; in 1902, 8% ; 6% In 1903, 1904, 1905
articles of consolidation were filed. V. 96, p. 1840. The Havana Elec.
.
Ry. owned entire 1100,000 stock of the Insular Sty. Co. Railway franchise and 1906. In 1907 divs, omitted on account of strike. In 1908 to 1913.
runs until 1958. Company also has right to carry freight over parts of the inclusive, 6% per annum. In 1914, Jan., 3%; July, 3%.
REPORT.
-Years ending Dec 31:
system. Gas and electric franchises perpetual.
Gross,
STOCK AND BONDSNet.
Date.
Charges. Divs.(6%). Surplus.
Interest. Outstanding, Maturity.
$331,967
$97,050
------MN
Common $15,000,000 ($100)
129,114
133,360
$15,000.000 May'14,2I4 1913..
$34,576
1912
3306,231
pf 6% cum $15,000,000($loe)
$95.953
128,911
133,360
M-N
15,000,000 May'14,
133.682
3%
Passengers carried in 1913, 0,078,489. against 8,353,230 in 1912.
5gF
-A
9,470,111 Feb 1 1952
Slav Elec By consol H $10,-1 1902
ROAD.
-Operates 34.97
000,000 g ($1,000) s Lc'&rfCcntral Trust Co., New York, Trustee.
1954 75-1b. T and girder rail. 54 miles of track. Standard gauge. 56. 73 and
motor cars: 4 trailers and 5 misc. cars.
Gas & Electric Co. issues.
OFFICERS.-Pres.. H. A. Everett. Cleveland. 0.; V.
1904
6%
-P., T. H. Small3,998,000
man, London, Ont.; Sec.
1906
Bonds
5%
661,198
1943 King, London, Ont.-V. is Treas., George G. Holding; Gen. Mgr..0. B.
78. p. 2334, 2384; V. 82, p. 1157; V. 92. p. 462;
1906
6%
Consol Inc obligations
6,000.000
V 93, p. 1191; V. 94, p. 487.
stock.-Pref. stock is redeemable after 1914 at $115 per share and accrued
diva. Both corn. and pref. are listed on N.Y.Stock Exch. V.94, p. 1632.
LONDON & LAKE ERIE RAILWAY is TRANSPORTATION CO.
-Of the Havana Electric Co. consolidated bonds reported outBonds.
ORGANIZATION.-Incorp, In Canada in
as successor to the South
standing. 3191,430 are In treasury. $529,000 have been canceled. A western Traction Co.. sold on Oct. 20 1909, 190989, p.
V.
1281.
sinking fund commenced Jan. 1 1906 on the outstanding consols. Bonds
New Bonds.
-Shareholders were to have voted
called for sinking fund at 105 and interest, and entire Issue can be orizing an issue of mortgage bonds at $30,000 on Aug. 18 1914 on authmay be
per
redeemed at 105 and int. on any int. day upon 6 mos.' notice. See V. 74, way constructed and to be constructed. See V. 99, mile upon the railp. 342.
p. 1251. Int, payable at company's office. They are listed on N. Y. Stock
STOCK AND BONDS.
Date.
Interest. Outstanding. Maturity.
Exchange. V. 86, p. 918. Consol. income obligations are redeemable Stock, 12,000,000 (1100)*2.000,000
1st H $700,000 gold ($500)I 1910
In whole or in part at option of company.
5 g J-D
700,000 June 1 1950
Disid‘ndi.-Dividends on pref. stock were begun in Nov. 1912. An
Not subject to call
)Int. at Trusts is Guar. Co.. Ltd.. Tor.,Trust,
Initial dividend on the common stock, 2Ii%. was paid in Nov. 1912.
ROAD.
-Operates from London to Port Stanley via St. Thomas.
28 miles.
of which 14 miles on private right-of-way.
1913.534%; in 1914. May,234%.
In
COMBINED EARNINGS.
-For cal. year 1913 (V. 99, p. 116):
OFFIC-ERS.-Pres., Wm. K. George; Sec. and Treas., T.
H. PurdoM,
Net
Other Fixed Chg., Pf.Div. Cont. Div. Bal., Office, London, Can.
Calendar Gross
-V. 89, p. 1280; V. 90. p. 1171. 1363; V.99,p.342
Year. Earnings. Earnings. Income. Taxes,&c. (6%). (51%). Surp.
$
1913____5,417,054 2,927,222 140,088 1,219,207 899,997 786,208 161.898
MANILA, P. I.
The total surplus, after adding $856,810. the acquired surplus which repMANILA ELECTRIC RAILROAD is LIGHTING CORPORATION,
resents the excess in dividends received on stock of the Havana Electric
ORGANIZATION.
-Incorporated in Connecticut on June 26 1903,
Ry. Co. during the year from its accrued surplus over its actual earnings owns stocks and bonds of the
and
Manila Elec. RR. is
for 1913 (and also the previous surplus $294,749) was 11,313.457.
year franchise from March 24 1903, practically the Light Co.. having a 50
entire stock of the UM(n




xcix.

ELECTRIC RAILWAYS

134

de los Trausv las de Filipinas, and over 98%
Truck Co. and of the Compania a Spanish company having a 50-year fran
of the stock of "ElectricIsta,"
and entire capital stock of Manila Suburban Rye,
eh's° for electric lighting
business, supplies light and power for
Co. Besides doing the street railwayuse. Municipality may acquire propprivate, municipal and Government
fixed by net earnings, the Supreme Court
erty after 25 years on a valuation
referee. Stock and bonds are listed on the New York
of the Islands being Exchanges.
and London Stock
On Dec. 6 1909 increased authorized stock from 36.000.000 to $8,000,000;
P• 372.
new stock to be 6% cum. pref. V. 90,Interest. Outstanding. Maturity
Date.
STOCK AND BON DS$5,000,000 Oct'141
Q-J
Stock, corn. $6,000,000. $100_
None
Pref. 32,000.000, 6% cum _
4,817,000 Mch 1 1853
5 g M-S
First lien and col. tr, $5 000.1. 1903
c• Int. at Equitable Trust Co., N.Y.. trustee.
000. gold (31.000)
-A sinking fund of % or bonds outstanding began Nich 1 1908
Bonds.
and runs until 1917: thereafter 1% of bonds outstanding. The fund is to be
which price
Invested in the bonds at not more than 105 and interest, atwhole at 105they
and
redeemable as a
are subject to call for the purpose. Are p. 218. Bonds are listed on N.Y.
interest on or after Mar. 1 1928. V. 82,
Exchange. $183,000 are in hands of trustee for sinking fund .not
Stock
incl. in amount outstanding as above.
-In 1906, 3%; in 1907, 3%; in 1908 to 1910 incl. 4%; in
Dividends.
%;in 1912 and 1913,7%;in 1914, Jan., 134%; Apr.,1%;July,
1911,
4
1/%; Oct., 154%.
-For years ending Dec. 31:
EARNINGS.
Surplus.
Net (aft.Tax.) Bond Int. Dios.(7%).
Gross.
$280,190
$350,000
$277,617
$907,807
$1,698,593
1913
245,688
350,000
277,500
873,188
1,597,674
1912
-Operates 41.65 miles of track(exclusive of Manila suburbau tcys
ROAD.
Co.) in the city and suburbs. Including a line of 7 miles to Malabon:opened in
April 1905; 70 lb. T and 92 lb. girder rails. Owns 54 single and 65 double.
truck Cars.
OFFICERS.-Pres. Chas. M. Swift, Detroit; Vice-Presidents, F. II.
W.
Reed and J. H. Pardee, New York; Sec., T. G. Moffat: Treas.. R. B.
White Mgt. Corp., New
Marchant. Operated under management of J.
-V. 83, p. 752; V.84. p. 102, 220.868; V.85, p. 282; V. 90.p. 772
York.
V.92. p.725. 1311; V.93, p.1668; V.94, p.1384; V.96, p.1480; V.97, p.1583;
V. 98, p. 1993.
(1) Manila Suburban Railways Co.
-Incorporated in Connecticut. Franchises run for
ORGANIZATION.
47 years from Jan. 30 1906. Does both passenger and freight business.
stock ($530,000) is owned by the Manila Elec. RR. dc
Entire outstanding
Ltg. Corp. which guarantees the bonds, prin. & int. See V. 84. p. 220.
In Dec.1909 Increased auth.stk.from $500,000 to $1,000,000. V.90. p. 372.
V. 98, p. 1993.
Maturittt.
Interest. Outstanding.
Date.
STOOK AND BONDSSee text.
Stock. 51,000,000_
Sept 1 1946
5 g M-S
3640.000
First mortgage, $2,500,000.1 1906
01 New York Trust Co.. Trustee.
gold ($1,000)
Are
-Are guar., p. and I.. by the Manila Elec. RR. SC Ltg. Corp. since
Bonds.
sinking fund
subject to call after Sept. 1 1928 and to purchase for °rice bonds can be
at not to exceed 105 and Int . at which
Sept. 1 1911
fund, not
drawn by lot. See V. 80, p. 220. $10,000 are held in sinking
Incl. in outstanding amount as above.
miles of track from Manila to Fort William McKin-Operates 7
ROAD.
-V.84, p. 220.
ley and Pasig. Will build other lines in suburbs of Manila.
V. 95. p. 1542.

MONTREAL, CANADA.

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS86,000,000
Stock $6,000,000 ($100)4,000,000
5 J-J
First mortgage $4,000,0001 ____
(Royal Trust Co., Canada, Trustee.
($500 and $1,000)
are subj. to call all or any at 105 at company's
Bonds.-lst mtge. bonds
option. Sinking fund began July 1 1914. Interest payable in Montreal or
London.
from
-Present development at St. Timothee, 28 miles h. p.
PROPERTY.
to over 30,000
Montreal, 22,500 h. p., which is now to be increased1283; V. 91, p. 591.
-V.89, p. 848,
, 75,000 h. p.
Ultimate development




LSaraguay

NETHERLANDS (HOLLAND)

NETHERLANDSTRAMWAYSCORPORATION. An electric road.
-Incorporated in Connecticut on Dec. 11 1002.
ORGANIZATION.
capital stock (600,000 guilders) of the Eerste
Owns the entire issue of
Nederlandlsche Electrische Tram Maatschappy (First Netherland Tram
the city of Haarlem.
Company), which owns all of the street railways in
railroad, and a line to
Holland, with the exception of 2 miles of horse Dutch seaside resort.
Zandvoort, on the North Sea, the second largest owns the entire capital
The Netherlands Tramways Corporation also
operating, under
stock of the Electrische Spoorweg Maatschappy. whichais
double-track elecconcessions from the Government of the Netherlands. a distance of about
Amsterdam to Haarlem,
tric railroad from the centre of
to Zandvoort.
12 miles, thus completing a through line from Amsterdam
(31,200.000), was
The bond Issue of the company. 3.000,000 guilders, 4%
stock was subscribed for at par
all placed and is owned in Holland. Its
of the stock,
by the Netherlands Tramways Corporation, the present owner double-track
of
and the cost of the real estate, franchises and construction by the sale of
partly
road from Haarlem to Amsterdam has been defrayedsale of its stock to the
the company's bonds above mentioned and partly by
Netherlands Tramways Corporation.
Outstanding. Maturity.
Interest
Date.
STOCK AND BONDS$2,000,000
Common $2,000.000 ($100)_
1,500.000
cum 51,500,000 ($100).
P15%
Eleo Spoor Maatschappy mtg
895,600 Jan 1 1953
4 J-J
3,000,000 gull ($1.200.000)) 1903
(1.000 guilders)
-Bonds are subject to call at par.
Bonds.
-For cal. year 1911 (Incl. sub. cos.), gross, $216.223;
EARNINGS.
net, $64,274; other income, $79,674; charges, $41,410; surplus, $102,538.to
-Owns 6.8 miles in City of Haarlem; 1.8 miles. Haarlem
ROAD.
Bloemendaal; 6.6 miles double track, or 13.2 miles single track. from
Haarlem to Zandyoort; 12 miles double track from Haarlem to Amsterdam; total. 45.8 miles.
-P., W. Barklie Henry.
OFFICERS.-Pres., L. G. Boissevain, N. Y.; V.
Phila.; Sec.. W.Paxton Little, N. Y.: Treas., II. Douglas Vincent. N. Y
.
-V.76, p. 331; V. 90. p• 555

-A holding company.
MONTREAL TRAMWAYS & POWER CO.
ORGANIZATION.-Incorp. In London, Eng., on Dec. 9 1910 and controls the following:
Elec. & Pow. Co.
Montreal Tramways Co.
Montreal Hydro-Elec. Co., Ltd.
Canadian Light & Pow. Co.
Co.
Montreal Tramways Co. and Can. t. & Pow. eachstockholders received
share of their stock.
134 shares of Mont. Tram. & Pow. Co. stock for
V. 04, p. 417. 207.
1912 arrangements were completed to take over directly or
In Feb.
through the Can. Lt. & Pow.Co. the entire stock of the St. Paul Elec. Lt.Co.
Interest. Outstanding. Maturity.
STOCK AND BONDS- Date.
$15,753,700
Stock $20,000,000
1,350,000 Jan 1 1915
6 g J-J
Coll tr cony notes $1,350,000( 1912
(National Truitt Co., Montreal. Trustee.
gold ($1,000)
New York or Montreal.
Interest in
5,000,000 Apr 1 1915
6 A-0
Coll tr notes $5,000,000 gold 'i 1912
cfBankers Trust Co.. New York, Trustee.
gold (31.000)
-The coll. tr. cony. notes are secured by deposit of131.800.000
Notes.
1914 into
Can. Light & Power 1st 55. Notes are convertible on July
tr. notes
Can. Lt. & Pow. 1st 55 at 93 and int. See V. 94, p. 488. Coll. In whole
int. date,
due April 1 1915 are subj. to call at 10034 and int. on anyfor these notes see
less than $100,000. For security
or in amounts of not
V. 94, p. 1057.-V. 94, p. 417, 488, 560, 1057.
(1) Montreal Tramways Co.
-Chartered in 1911, and acquired by merger the
ORGANIZATION.
Terminal
Montreal Street By.. Montreal Park & Island By. and Montreal
to the
(V.93, p.871. 1324). the last two companies being subsidiaries street
Co.
1022, 1106. Owns and controls entire
Montreal St. By. V. 93, p.
Island of Monrailway system in Montreal. Including all the suburbs, oncity.
treal. except about a mile of interurban line entering the was to be Issued
In April 191311 was announced that 31,000,000 new stock
Immediately, at par. V. 96. p. 653, 790, 1022.permit to haul freight over
The company has been granted a temporary
of question.
its lines in the city until Dec. 1 1913. pending final settlement as to time
Principal franchise is. In the opinion of counsel, unlimited
right. In 1922, or at any 5-year interval thereafter, to pur
The city has the
valuation plus 10%.
chase portions of the property at an appraised
Interest. Outstanding. Maturity
STOCK AND BONDS.- Date.
$2.000,700 Aug'14 234
Stock, common
See text.
16.000,000
5%
Debenture stock
13,335.000 July 1 1941
5 J-J
1911
1st & ref intge 375,000.000 g Harris Tr. & Say. Bk., Chic., Trustee. Nat.
($500&$1.000) Pay in LonLtd., Montreal. Co-Trustee.
Tr.
don p&I In £=--$4 86 2-3cJ 1893 Co.. F
681.333 Aug 1 1922
434 -A
Sterling deb Mont St Ry, Interest at Bank of Montreal, London. Eng.
deed__ _ _
secured by trust
c M-N 1.500,000 May 1 1922
434
1902
Mont St By deb $1.500,000 g Interest at Bank of Montreal, Montreal.
(31OO, $500 and $1,000) _c
£460,000 May 1 1922
4 Si M-N
1908
Mont St By new debentures(Int. at Bank of Montreal, Montreal, Can.,
£460,000 (£100)
and London. England.
are reserved to retire under-Of the 1st & ref. bonds 33,273.000
Bonds.
31,145,000 in cash deposited in addition for
lying bonds (there being also
bonds are for extens. and add'ns at not exceedthis purpose). Remaining
restrictions. Red. as entire issue (but not
ing 75% of cost under certain
Int. date. Int. payable in N. Y., Chic.,
any part) at 105 and int, on any 1463. Listed on the N. Y. Stock Exch.
Montreal and London. V. 93, p.
Ry. debs. of 1902
1025). Under a trust deed, Montreal Street
(V. 97. p.
rank.
and debs. of 1908 are of equal
organization. In April
per annum since
-On deb. stock 5% declared on the paid-up common capits I
Dividends.
1913 an interim div. of 5% was
was paid Aug. 1913. placing the stock on a
stock. A quar. div. of 26%Nov., 2%. In 1914, Feb., 234%; May,
10% basis. V. 96, p. 1840;
234%; Aug., 234%.
(V.91), p.404):
-For fiscal year end. Juno 30 1914
REPORT.
Dividends Balance,
Interest, Contin.
Net
Gross
Surplus.
June 30
Paid.
Acc't.
Earns. Taxes. &c.
Year- Earns.
275,000 (10%)242,056 137,544
7,142,804 2,936,690 2,282,090 *223,670 (734)156,382 194,565
1914
6.754,227 2,721,563 2,146,945
1913
361, 365, 444, 1025; V. 99,
1684; V. 96, p. 653, 790, 1022, 1840; V. 97, p.
p. 404.
capital reserve.
* Includes $23,670
contract was made
-Operates 236.77 miles of track. In 1904
ROAD.
Co. for a supply of power.
with the Montreal Light. Heat & PowerSec., Patrick Dubee.-V. 93, p.
OFFICERS.-Pres., E. A. Robert;
1186: V. 95. p. 295. 1608,
p.
229. 871, 940. 1022, 1324. 1463: V. 94,97,207,
p. 361, 365, 444, 1025; V. 99,
1684; V. 96, p. 653, 790.1022, 1840; V.
p.404.
(2) Canadian Light & Power Co.
See descripORGANIZATION.-Incorp. In Canada on June 2 1904. p. 848. Has
tion of company's developments in V. 91, p. 591, and V. 89, Montreal and
light in
the perpetual right to distribute and sell power and
several adjaoent counties.

A

NIAGARA PALLS, CANADA.

NIAGARA ST. CATHAR• & TORONTO RY.- Electric and steam road.
ORGAN IZATION.-Incorporated In Canada in 1890. A consolidation
of the Niagara Central By.. the Niagara Falls Welsey Park & Clifton TramElectric Street
way Co. and the Port Dalhousie St. Catharine's & Thorold St. Catharine's
By. Franchise perpetual. Owns and operates Niagara
& Toronto Navigation Co.: also transports freight. mtge. bonds at rate of
Shareholders voted in 1910 to make an issue of 2d
$10,000 per mile to Nat. Tr.Co., Ltd., Toronto, trustee. V.90. p.54,1296.
Maturity.
Interest. Outstanding.
Dale.
STOCK AND BONDS3925,000
Stock, 31,000,000
1.073,000 Nov 1 1929
Halfway First mortgage, gold f 1899 5 g M-N
(51,000) (31,000 or £2051 Int. at Canadian Bank of Commerce, TorNonet,
c•I 1o9n10 and Bank of Scotland. London.
95. 8d.)
Co., Ltd., Toronto. trustee.
al TrustNaIon
Second mortgage
$200,000 Nov 1 1928
Navigation Co. First mon-) 1903 5 g M-N
gage, $250,000 ($1,000) lInt.at Canadian Bk.of Com.,Toronto&N.Y.
(E205 9s. 8d.) gold_ _ _ _c•f National Trust Co., Ltd..Toronto,trustee.
Interest also at Bank of Scotland. London.
-Of the Railway bonds $20,000 per mile is authorized and Issued.
Bonds.
Railway,
See V. 82, p. 869. The Navigation bonds are guaranteed by the
p. & L. by indorsement. Neither issue is subject to call. from Port Dal-Owns and operates 59.7 miles of track. Runs
ROAD.
Thorold
housie on Lake Ontario, passing through St. Catharines. Merritton,12 miles
extension of
and Niagara Falls, Ont.. to Falls View. Ont. Has an8 miles from Weiland
from Thorold through FonthIll to Weiland. and one of been replaced with
to Port Colborne. V. 89, p. 1281. Main line has
locomotive, 3 electric
-lb. rail. 36 pass. cars. 24 freight cars. 3 electric two steamers. Per80
Also owns
snow-plows and 5 miscellaneous cars. been granted by the Dominion
several extensions has
mission to build
Parliament.
-For years ending Dec. 31:
REPORT.
Surplus
Charges
Net.
Opel'. Exp.
Gross.
year333,261
590,457
5123.718
3393,064
3516,782
1912
25.768
85,681
111,449
291,730
403,179
1911
-P.. J. D. Morton.
D. B. Hanna, Toronto; V.
OFFICERS.-Pres.,
Toronto. Can.: Asst. Sec. &
Toronto; Seo.-Treas., A. J. Mitchell. SeIxas, St. Catharine's.---V. 82.
Tress., R. C. Vaughan; Gen. Mgr.. E. F.
54, 1296.
9.869; V. 87. p. 97: V. 89. p. 1281: V. 90, p.

OTTAWA, CANADA.

-A trollev road
OTTAWA ELECTRIC R V.
.-A charter was secured in Feb. 1914 for a holding
New Holding Company
corporation to take over the stock of the Ottawa Electric By. The new
company was to have been known as the Ottawa Traction Co. Limited,
with $10,000,000 auth. stock. An exchange of shares in the proportion of
3 shs. of Traction for 1 of Electric was to have taken place. See V. 98, p.
763.
ORGAN/ZATION.-/ncorporated in 1894. Is a consolidation of the
Ottawa City Passenger By. and the Ottawa Electric Street By.
In March 1912 stockholders were offered the right to subscribe to extent
of 50% of their holdings for $623,900 new stock at par. V. 94. p. 699. 827.
In Nov. 1912 increased its auth. stock from 52,000,000 to $4,000,000.
Date.
Interest. Outstanding. ltfaluritY.
STOCK AND BONDSQ-J
$1,876,900 July'14. 3%
Stock 54.000,000 ($100)4 g J-J
460.000 July 5 1922
First mortgage $500,000 gold{ 1897
interest at company's office. Trustee is
Toronto General Trusts Corporation.
-Are not subject to call: 10% of the issue In excess of 5350.000
Bonds.
must be retired In each of the 10 years preceding maturity. $40.000 have
Dividened.
been retir ds.
From 1893 to 1905. 8% per annum: in 1905. 2% extra: In
1906 to 1911, inclusive, 12% per annum; in 1912,1634%. In 1913.
Jan., 3% and 3% extra; April. 3%; July, 3%; Oct., 3%, In 1914. Jan.,
3% and 3% extra; April, 3%; July, 3%.
EARNINGS.
-For years end. Dec. 31. Pass. carried 1913, 23,987.883.
Gross
Net
Calendar
Interest, Conting. Dividends Balance.
Earnings. Earnings. Taxes,&c. Account. (15%). Surplus.
Year$1,041,282 $412,160 $46,731 $55,000 $281,535 $28,894
30,909
255,948
934,398
400,059
1199132
44,202
69,000
ROAD.
-Operates 45 miles of track In elty, and to Hull, Rocklin°.
Britannia-on-the-Bay and Government Experimental Farm. Has a park
Rails. 72. 80 and
of 60 acres at Britannia-on-the-Bay. Standard gauge
94-lb. T and girder.
-P.. Warren Y. Soper: Sec. & Treas..
OFFICERS.-Pres.. T. Ahearn: V.
Jas. D. Fraser: Supt., F. D. Burpee.-V. 90, p. 447: V. 92. p.462. 1179:
V.94,p.417.631,699.827: V.95,p.1473; V.96, p.422,1557; V. 97,p.1867
V. 98, p. 611, 763. 1609, V. 99, p. 338.

PONCE, PORTO RICO.

-Incorporated in New Jersey in 1902. Owns
PONCE ELECTRIC CO.
the securities of the Ponce By. & Light Co., which owns the railway between
and the Playa and does the entire lighting and power business of
Fence
Ponce and the Playa. Also owns 100 acres of shore property at the Playa'
Rail.
to be used as location for the only deep-water wharf in the harbor. wharf
way franchise expires in 1961, eta:Arlo-light franchise in 1963 and
ranehiss in 1997.
Date,
Interest. Outstanding. Maturity.
STOCK AND BONDS3500.000
Stock 3500,000 (5100)223,000 May 1 1927
Collateral trust first mortgagel 1902 6 it 31-N
o".. tflint. at Boston S. D. &Tr.Co., Boston. Trill.
$750,000 gold

1

SEPT.. 1914.J

ELECTRIC RAILWAYS

Bonds.
-Are subject to call as a whole at 105 and interest on any Interes
date. A sinking fund of I% per annum of the entire amount of bonds bet
came operative May 1 1903 and is invested In the bonds at not more than
1074 and Int. $27,000 bonds have been canceled by this fund to Deo. 31
1913.
EARNINGS.
-For 12 mos. ending Dec. 31 1913 (combined companies)
gross,$146,045; net,after taxes,$60,605;int., $28,320;sinking fund,$2,500:
balance, surplus, $29,785.
ROAD.
-Operates 4.7 miles of rack between Ponce and Port Ponce.
12 cars. Gauge. 1 metre.
-P.. Francis J. Hovey:
OFFICERS.-Pres., Frederick S. Pratt; V.
Treas., Henry B. Sawyer: Sec., William T. Crawford; Gen. Mgrs., Stone
& Webster Mgt. Assn.
-V. 74. p.3 68. 478.

PORTO RICO RAILWAYS CO.. LIMITED.
ORGANIZATION -Incorporated in Canada Oct. 1906 and has acquired
the San Juan Light & Transit Co. and Porto Rico Power & Light Co. and
Caguas Tramway Co. Controls all the electric railway, electric light and
power business of San Juan, San 'Force and Rio Piedras: also controls entire
lighting system in cities of Comerio, Bayamon, Catlin°, Carolina, Caguas.
Rio Grande. Fajardo. Humacao, Yabucoa, Gurabo, Juncos and other towns
In east end of Island. Its lighting franchises in San Juan and San Turce are
perpetual. The Comerio Water Power and Caguas Tramway franchises
are for 99 yrs. from 1906. The street railway franchise runs until 1959.
An express service was inaugurated in 1908 in conjunction with Porto Rico
Express Co.
Contract.
-A contract has been made (expiring 1918) with the Porto Rican
Leaf Tobacco Co. under which this railroad will get all the former's freight
between Caguas and San Juan for ten years.

I 35

OFFICERS.-Pres., Rodolphe Forget, M.P., Montreal; V.
-P., Loren
C. Webster, Quebec; Sec.. P. Hamel, Quebec; Treas.& Comp.,W.J. Lynch;
Gen. Mgr., II. G. Mathews.
-V .89, p. 1281, 1598; V.91, p. 95, 215. 1328;
V. 92, p. 528, 660, 882 ;V. 93, p. 106, 1022, 1192. 1726; V. 94. p. 203, 209.
827.1057.1449: V.95.p. 545,619,680. 815,1040; V.96, p.203,1630,1840:
V. 97, p. 118, 238, 366, 730, 949, 1427, 1734; V. 98, p. 156, 611; V. 99,
p. 748. 817.

SHERBROOKE, QUEBEC.
SHERBROOKE RAILWAY & POWER CO.
ORGANIZATION.-Incorp. In 1910 in Quebec, Can., as successors to
the Sherbrooke Street Fly. In July 1911 acquired the Eastern Townships
Elec. Co. and the Stanstead Elec. Co. V. 93, p. 230. Also owns the
Lennoxville Light & Power Co. Controls major part of the electric light
and power business In the district between Sherbrooke and the International
Boundary.
In Dec. 1913 it was reported that the company had acquired the Burrows
Falls Power Co., which controls the electric light and power business in
Ayers' Cliff, Que. V. 97, p. 1824.
Franchise In Sherbrooke is for 40 yrs., exempting property from taxation
for 1st 20 yrs. At end of 20 yrs. city may purchase street railway property.
Consol. mtge. 5s were offered with a 40% stock bonus. V. 91, p. 95; V.93,
p. 590; V. 94, p. 1120.
STOCK AND BONDSDate.
Interest. Outstanding. MaturOWStock $1,500,000 ($100) _
$1,090,500
Consol. M. 51,500,000 gold) 1910
5 g J-J
990,500 July 1 1940:
s f ($500 or £ equivalent) tf fitiontreal Trust Co., Montreal, Trustee.
Sherbrooke Street Fly 1st M tf 1897
5 g J-J
100,000 J'ne 30 1927'
Bonds.
-Of remaining consol. mtge. bonds, $409,500 are for future extensions and $100.000 are to retire Sher. St. Rv. bonds. Int, at any branch
cf Eastern Townships Dept. of the Canadian Bank of Commerce in Canada,
or at National Bank of Scotland. London. Eng. Redeemable as a wholeat 105 and int. on any int, day on and after July 1 1916. or in part for
sinking
fund. Cum,sinking fund of 1% begins July 1 1916. V. 91, p.95.
REPORT.
-For years ending June 30 (V. 99, p. 818):
June 30
Total
Net
Balance,
Bond
Other Written Office
Year- Income. Revenue. Interest. Int.
Off. &c.,Exp. Sur.ordej.
1913-14_3141,990 $54,021 14/1,265 $2,642 $1.478 $3,695 def.$2,059
1912-13___ 126,646
51,928
46,274
3,904 sur. 875
927
758
ROAD.
-Owns 10 miles of track in Sherbrooke, incl. 3 mile extension to
LennoxvIlle. Standard gauge, 70-1b. T rail.
OFFICERS.-Pres.. Clarence J. McCualg;
& Trees.. Grant John
ston: Gen. Mgr., N. C. Pilcher.-V. 91. p. 95 Sec.93. p. 230, 590; V. 94,
V.
p. 1120; V. 95, p. 968, 1685; V. 97, p. 445, 952, 1824; V. 99, p. 818.

Interest. Outstanding. Maturity.
Date.
STOCK AND BONDS13.000,000 July'14.1%
Q-J
Common stock $3,000,000_
827.400 July'14,14
Pf.$1.000.000 ($100) 7% cum_ ____
Q-J
2.806,000 Nov 1 1936
5 11-N
mortgage, $3,000,000 1906
First
Int. at Montreal Trit-t Co.. Trustee.
($500), gold
Montreal and Halifax. or Metropol. Bk. Tor.
£265,000 May 1 1962
5 M-N
Refunding general mortgage. 1912
c•fInt. In London Montreal and Toronto; Mon
£1,500,000 ($100)
tree! Trust Co., trustee.
-First mtge. bonds are subject to call at 105. Sink, fd. of 17
Bonds.
of bonds issued plus one year's int. on canceled bonds began Nov. 1908.
$194.000 bonds canceled. First M. bonds are listed on Montreal and
Toronto Stock Exch. Of ref. gen. mtge. bonds £600,000 are reserved for
1st M. bonds; remainder are for future requirements under restrictions.
Subject to call as a whole or for curn, sinking fund (1% of bonds out beginning in 1937) at 105 and int. V.94, p. 1566. Are listed on London Stock
Exchange.
SYDNEY, NOVA SCOTIA.
Dividends.
-First div. on pref., 1 4%, paid Jan. 10 1910. and same
CAPE BRETON ELECTRIC CO., LTD.
.
amount quarterly since to and including July 1914. On corn., let div.. 1 %
ORGANIZATION.-Incorp. in Nova Scotia and does the emire elecpaid Oct. 1911. In 1912 and 1913, 4%. In 1914, Jan., 1%; April, 1%;
tric railway and lighting business in Sydney; the entire electric lighting
July, 1%.
business in North Sydney, the ferry business between Sydney and North
calendar years: Passengers carried in 1913, 7,283,479.
-For
REPORT.
Sydney.and operates an interurban line between Sydney and Sydney Mines.
Net. OM Rev. DO. int. Pf.oto. Com.Oto. Sump.
Gross.
YearAlso owns capital stock and $220,000
$850,121 $400,269 $47,106 $184,673 $40,546 $120,000 $7,944 Sydney and Glace Bay Fly. Co., Lts., of the $406,000 1st M. bonds of the
1913
an
828.084 303.313 70,092 160,016 35,000 120,000 58,388 between Sydney and Glace Bay, which interurban line 19 miles in length
1912
is operated under lease for 99 years
from Jan. 1 1911. Guar. payment of said company's bands, prin., int.
-Operates from San Juan to Rio Piedras, 9 miles. electric
ROAD.
and sinking fund. Franchise expires 1931 and 1932. On May 5 1914
Standard gauge. An extension of IS miles to Caguas, which is being oper- authorized pref. stock
was increased from $250,000 to $500,000.
ated by steam-meter gauge was completed in 1908.
STOCK AND BONDSInterest. Outstanding. Maturity.
OFFICERS.-Pres., Dr. D. E. Thomson, K. C.•, V.
-P., W. D. Ross. Common $1,125,000 ($100)___ Date.
____
M-N
$1,125,000 May'14.3%
Sec. & Treas., F. C. Clarke; Gen. Mgr., F. W. Teele.-V. 88, p. 1062; Prof 6% $250,000 ($100)_____ ____
III-N
234,000 May'14,3%
V.89, p. 226, 594. V. 90, p. 54; V. 91, p. 1513; V.92, p. 726; V. 93, p. 797; First mtge 51,500.000 gold_ c ____
5 J-J
988,000 Jan 1 1932
V. 94, p. 983, 1057, 1186, 1566; V. 95, p. 1473; V. 96, p. 1022; V. 97, p.
ntf Int. at State St. Tr. Co., Bostcn, Trustee.
299, 1427. 1664; V. 98, p. 763; V. 99, p. 463.
Sydney & Glace Bay 1st Al, ____
5 J-J
182.000 Jan 1 1932
3500,000, guar p & i_c_ ntf Int. at Royal Tr. Co., Montreal, Trustee.
Stock.-Pref, stock is red. at 120.
QUEBEC, CANADA.
Bonds.
-Of the 1st mtge. bonds, $2,000 canceled by sink. fund. Impt.
fund of 1% of bonds issued. Red. at 105 and int. Of the Sydney & Glace
Bay 1st mtge. bonds, 534.000 have been canceled by sink. fund. Red. at
QUEBEC RAILWAY LIGHT HEAT & POWER CO., Ltd.
ORGANIZATION.- In rpoi Med in Canada on Nov. 19 1909 as a con- 110 and int. on or after Jan. 1 1914. Sink. fd. of 1% per annum. payable
Oct. 1.
solidation of the following properties (V. 89, p. 1598):
-6% yearly on pref. stock. On corn., first div., 1% %paid
Dividends.
(Quebec Jacques Cartier Electric Co.
,
Quebec Ely.. Lt. & Power Co.
Nov. 1910; in 1911,4%; in 1912.4% & 1% extra; in 1913, 6%. In 1914.
'Canadian Electric Light ix.
Quebec Gas Co.
May, 3%.
I Quebec County lialiwxy 00.
Frontenao Gas Co.
REPORT.
-For years end. June 30 (V. 99,p. 466):
These companies do an electric-light and power, gas and street rallwa,
Gross
Net
Interest
Sinking & Balance,
business in Quebec and surrounding parishes. Has contract with the June 30
Earnings.
YearEarnings.
Charges. Impt. Fds. Surplus.
Stadacona Hydraulic Co. for supply of power. V. 94, p. 1446.
$373,647
$166,308
$60,973
$14,280
$91,055
In 1911 purchaSed entire $3,000,000 5% bonds and 92,503,500 stock of 1913-14
373,788
173,045
55,931
14,380
102,734
Quebec & Saguenay Fly. Co.. and In turn Issued 32,500,000 of Its own bonds 1912-13
-Cape Breton Elec. Co., 12.5 miles; Sydney & Glace Bay, 18
ROAD.
to pay for same. V.92, p.882,528. These bonds were intended to provide
for Quebec-Saguenay line, extending 56% miles from Cape Tourmente to miles; total, 31.5 miles. Gauge.4 ft. 8% in. 19 pass. cars and 7 miscell.
Murray Bay. In Sept. 1012 construction work on this line was stopped
OFFICERS.-Pres., F. S. Pratt; V.
-P., A. S. Pratt; Sec., W. T.
because of non-payment by Saguenay Co. of claims of contractors for con- ford; Treas., II. B. Sawyer; Gen. Mgrs.. Stone & Webster Mgt. CrawAssn..
struction work (V. 95, p. 1040; V. 06, p. 203). Payments were subse- Boston.
-V. 92. p. 1108: V. 96, p. 1121; V. 96, p. 1228; V. 97, p. 520:
quently made,and in May 1013 work was expected to be resumed soon.
V. 98,9. 688, 1315; V. 99, p. 466.
Coupon Payments Delayed.
--The interest due Juno 1 1913 and Dec. 1
1913 was not paid when due and in Sept. 1914 it was announced that the
coupons duo Juno 1 1914 were not paid on time, the company following the
TORONTO, CANADA.
policy of paying the coupons at intervals through the three months grace
THE TORONTO RY.-A trolley road.
following the due date.
-V.99, p.748.
ORGANIZATION.
-Incorporated in 1892 and acquired by purchase the
No Meeting of Bondholders.
-The meeting called for Sept. 2 1913 by the
trustees of the Quebec-Sag. Div. 5s of 1911 and the Q. Fly. L. II. & P. 55 of old Toronto City Street railway( and the exclusive privilege to work street
1912, to consider what should be done in view of the registration of a lien railways In the city of Toronto for a term of 30 years from Sept. 1 1801
against the mortgaged property of the Quebec & Saguenay Fly. Co.. was (with the exception of two small reservations In the Act which are believed
not held. The trustee, it is understood will take such action as is consis- to be of no Importance). a privilege which has since been ratified by Act of
ered advisable without further consultation of the bondholders. V. 97. the Legislature of Ontario. in Oct. 1902 stock was Increased to $7,000.000
for the purpose of taking over the Toronto & York Radial fly. the entire
p. 366, 730.
.
capital stock of which it owns. Guarantees that company's bonds. prin.
Company's Powers Enlarged.
-See V. 97, p. 1427.
and int. V. 79, p. 1463
In April 1906 amount was further Increased to
STOCK AND BONDSDate.
Interest. Outstanding. Maturity. $8.000,000 and on Aug. 14 1911 stockholders voted another increase to
$12,000,000, and also the payment of a stock dividend of $1,000,000.
Stock. $10,000,000 ($100)
Q-J15
500Jan.15
Stockholders were allowed to subscribe for 52.000.000 of the stock at na..
Consolidated mortgage, $l0,-(1909 5 g J-D
$9,999.
6,120.400 Deo. 1 1939
*
000.000 g 1$100, $500 and Int. at Montreal Trust Co.. Mont., trustee, V. 93. p. 230, 470. Also owns, directly or through sub. co., entire stock
$1,000)
Bank of Scotland, London. Eng.. or Royal of the Toronto Power Co.
Payments to City.
-As to annual payments to city, see "Supplement"
Bank of Canada. Quebec.
of May 1898. Paid to city in 1912, $942,049: in 1911, 5822.233; in 1910.
Que-Sag Div lst 32,500,0001 1911
5 F-A
2,386.000 Feb. 1 1941 $727,480; in
'09. 3640,281; in '08, $578,995; 1907, $542,091; 1906: $467,365.
fd. P & I payable In Int. at Dominion of Can. Tr. Co., Montreal
sink
Purchase by City Authorized.
-On April 23 1913 the Ontario Legislature
francs or Canadian curr c•
True.. or at office of R. Forget. Paris.
passed a bill authorizing the city to purchase the company's property; also
Que Fly, L 11 & P new mtgel 1912 5 J-J
2,100,000fr. Jan 1 1942 the rights
and interests of all companies and persons owning or operating
60.000,000 francs(500 fr)- _I
5%
Quebec fly.. Lt. & Power 1st} 1899
2,350,000 June 1 1923 electric railways within the city and such plants of them outside the city
M. gold, $2,500,000 0100, Int. at Bk.of Mont • Mont.; Dn. Bk. of Can.. as it may deem expedient. The city is also auth. to borrow the money re(piked therefor. For further details see V. 96. p. 1365. Authority to
c•
Que., or Roy. Bk. of Can., Quebec.
$500. $1,000)
purchase the Toronto Electric Light Co. was given under a previous Act.
Montmorency & CharlevoixRy
150,000
1923
On July 18 1913 the Mackenzie interests reached an agreement with
-Jacques Cartier Power}1901
5 J-D
849.000 Dec 1 1941 Mayor
Quebec
Hocken and Comptroller McCarthy by which the city may purchase
1st ref. $1,000,000 (31,000). Trust Co. of America, N. Y. trustee.
all the street railway and electric lighting properties in the city for approx.
I
mt. at Royal Bk. of Canada. Quebec.
g. Int. In N. Y
330,000,000. See V. 96, p. 1774; V. 97, p. 238. Report of city experts
6 M-S 16
310,000 Sept 1 1915 submitted Oct. 15
Can. Elec. Lt. Co., mortgage__ 1901
1913 valued the Toronto
at $22,242,404 and the
Stock Is listed In Paris.
Toronto Elec. Light at $8,000,000. V. 97, p.Sly,
1664.
On Dee. 1 1913 the City Council at a special meeting rejected a motion
Bonds.-Consol. mtge. 5s of 1909 are red. at 105 and int, on any int, day
that a city election be held Jan. 1 1914 on the question of purchasing
after Dec. 15 1914. $3,659,000 of the bonds are reserved to retire underthe
lying bonds. Of the Quebec fly.. Lt. & Pow. 1st M.,$150 000 are reserved railway and the Toronto Electric Light Co. On Dec. 23 1913 City Council
-Saginaw Div. bonds voted to continue negotiations for the purchase of the company's property.
to retire Montmorency & Charlevoix Ky. bds. Quebec
V. 97, p. 1899.
Dividends.-InItial div.-1%-paid April 15 1911; July. 1%; Oct., 1%.
STOCK AND BONDSDate. Interest. Outstanding. Last
Li 1912, Jan., 1%; none since to Jan. 1913. • V. 94. p. 827. 2057.
Stock 512,000,000 ($100) __ _ - - r -For years end.June 30.
REPORT.
312.000,000
Q-J
Oct'14,2%
let M. $4 550,000, $ & £.1 1892
0414 e
Gross
Misc.
Net
Fixed Dividends Bal.,
June 30
3.269.253 Aug 31 1921
$35,000 per mile
c• I Trust., E.R.Wood.Tor..&R.B Angus.Mont.
Earnings. Earns. Credits. Ghges.&e. (2%).
YearSury.
Toronto & York Recital fly 1 1904
5 g A-0 1.620,000
$1,524,200 $629,020 $236,881 $792,100
1912-13
Oct 1 1919
Is
,
g (61,000). guar_ _ el( National Trust Co.. Ltd.. Toronto.
1,415.825 680,900 194,584 664,283 199,990 $11 201
1911-12
73, 11
8
trustee.
Int. at Bank o• Montreal, Toronto and N. Y.
ROAD.-Owns 17 miles of track in Quebec and a suburban railway (opa Interest and principal on sterling bonds payable Feb. 28
and Aug 31
erated by steam and electricity) from Quebec to Cape Tourmente. 30 miles. at Bank of Scotland. Lothbury,
London E. C.
-lb. T rails: gauge.4 ft.8% In.
of which 11 miles are double track. 56 and 70
Sinking Fund.
-The company
An extension from Cape Tourmente to Murray Bay. 56% miles (to be °per. Issue by drawings at par yearly is obliged to redeem 5% of Its total bond
from Aug. 31 1911 to
steam), was under construction, but in September 1912 work was
by
Bonds -The let If covers entire property. ttubJect 1920.
to
stepped. V. 95, p. 619. In May 1913. however, work was expected to city. $726,094 1st
M. bonds have been retired. Bonds payments due the
are listed on Lonbe resumed soon.
don Stock Exchange.




136

ELECTRIC RAILWAYS

-In 1898,4 %; In 1899. 4 %; in 1900.4 %; in 1901.4 Si %:In
Dividends.
1902 to 1905 i ncl. 5% per ann.• in 1906, 534%; in 1907, 6%;in 1908, 6%:
.
In 1909,8 31M1111910,7%;In 1911, Jan., 1% re; API*, 1 %%:July, 1 M %;
dle IV 113 n. 4701: net., 2%; in 1912
In Aug. declared a 51.000.000 tnekApril,
2%; July, 2%; Oct., 2%.
and 1913, 8%;in 1914, Jan., 2%;
-Operates 114 miles of track; 69. 73 and 90-lb. girder and 70-1b.
ROAD.
'I' rails. Owns 860 cars, of which 561 are motor cars.
-Of Railway Co.for cal. years. Report for 1913 in V. 98,P.
REPORT.
605.
Balance,
Total
Dividends
Net
Gross
Calendar
Surplus.
Year- Earnings. Earnings. Deductions.Paid.
1913 -____$8,049.018 $2,925,710 $1,278.515 (74879,958 $767,237
568,862
1,133,042 (8 0 879,596
)
2,581,500
1912 ..__ 5,448,050
Revenue passengers In 1913, 151,236,925; tran erg. 63,083,118. Net
earnings of combined enterprises for year ending Dec. 31 1913, $5,161,211.
In 1912 (subject to audit), $4,426,980. In 1911. $3,791,368.
-P., Frederic Nicholls;
OFFICERS.-Pres., Sir William Mackenzie; V.
-V.87, p. 286; V. 88.
Mgr.. Robt. J. Fleming; Sec. & Treas., J. C. Grace.
660, C87; V 90, p. 692; V. 92. P. 323. 876. 1033: V. 93. n. 230. 347,
n. 453.
409. 470. 732, 1325: V. 94, p. 417, 485: V. 95. p. 237, 362, 545: V. 96, p.
420, 488. 942, 1365. 1774; V. 97. p. 238, 300, 1287. 1664,1899; V. 98.
p. 454, 605; V. 99, p. 408.
(1) Toronto Power Co.
Entire stock is owned by Toronto By.,$2,000,000 directly and $1,000,000
through a subsidiary company.
Toronto Power Co. owns all the $4,000,000 stock of the Toronto Elec.
Light Co. and $2,895,000 of the $3,000,000 common stock (there Is also
$3,000,000 non-voting pref.) and $5,014,000 1st M.5% bonds of the Electrical Development Co.
laturity.
Interest. Outstanding.
STOCK AND BONDS.- Date.
See text.
Stock $3,000,000 _
£344,599 July 6 1918
434 J-J
Tor Pow Co Ltd debstk,sterl'g 1908
1941
4 M-N -$15,907,329
Tor Power Co eons deb stock} 1911
Ltd.. London.
$25,000,000 guar p & by British Empire Trust
105.
Trustee. Callable at Co..
Toronto Ry Co $ &
9,953,000 Mob 1 1933
5
Elee Devel Co 310.000,0001 1903
cnInt. at Can. Bk. of Corn.. Tor. N Y. & Lon.
1st mtge ($500). g
1.000.000
1916
4 %%
Light mortgage_ ___
Toronto Elec
The deb.stock of 1908 of the Toronto Power Co.is guar.unconditionally.
prin. & int., by Toronto By. Co. Secured by $2,000,000 bonds and fourfifths of com, shares of Elec. Devel. Co. of Ontario, Ltd. Sink, fund
for same equal to one-tenth of stock out is payable annually. V. 87, p.
286. Now held, £54,476. Electrical Development Co. bonds have s, f.
which began in 1911 of $1 per year for each electrical h. p. sold. V.88. p.
1316. Of the Tor. Pow. Co. cons. deb. stock. $11,000,000 are reserved to
retire like amount of Rico. Devel. and Tor. Elec. Lt. bonds, and remainder
Is for extens. and impls at 80% of cost. S. f. begins in 1913, calculated to
retire whole of stock at maturity at 105. Int. Is payable in London and
Toronto. See V.93, p. 1328.-V.95, p.364; V.96, p.423.
-BRAZILIAN TRACTION. LIGHT & POWER CO.. LTD,
ORGANIZATION.-Incorp. July 12 1912 In Canada with $120,000,000
($100) auth. stock and has acquired through exchange of its stock for stock
of the newly acquired companies (on basis shown in V. 95, p. 175) the Rio
de Janeiro Tramway Light & Power Co., Sao Paulo Tramway Light & Pow.
Co. and Sao Paulo El Co.
-Shareholders on May 23 1913 authorized an issue
New Preferred Stock.
of $10,000,000 6% cum. pref. stock, cony. Into common stock at any time
on basis of 1 1-5 shares pref. stock for 1 share of common. V. 96, p. 1421.
Pref. stock listed on London Stock Exchange(V. 97, p. 363).
Date. Interest. Outstanding. Latest Div.
STOCKQ-F
$104,000,000 Oct'14 134
Ordinary, $110,000,000_
6 Q-J
10,000,000
See text
Pref.6% cum 510,000,000($100) ___
Dividends.
-6% is being paid on the pref. stock. First div. on corn.
134 %-paid Nov. 15 1912. In 1913 Feb., 134 %; May, 134%; Aug.,
134%; Aug., 134%; Oct., 134%.
In 1914, Feb., 134%; May,'
REPORT (see V. 99, p. 43) of combined properties for 18 months end.
Dec. 31 1913: Total income, $11,522,837; expenses, int., discount. &c.,
$324,343; pref. diva. (434%), $450,000; corn. divs. (734%), $7,735,496;
surplus, $3,012,998.
($FFICERS.-Chairman of Board, Sir William Mackenzie, Toronto;
-V.94, p. 1762; V. 95.
Pres.. F. S. Pearson, London; Sec.. J. M. Smith.
p. 175, 543, 618, 968, 1039; V. 96, p. 1364, 1421, 1627; V. 97, p. 363;
V. 98, p. 1765; V. 99, p. 43, 118.
(1) Rio de Janeiro Tramway. Light & Power Co. Ltd.
'
ORGANIZATION.-Incorporated under the laws of Canada In June 1904.
Purchased the Rio de Janeiro Gas Co. and four street railway properties
(the Villa Isabel Tramway Co.. the Sao Christovao Tramway Co.. the Carrie
Urbanos Tramway Co. and the Companla Ferrocarril Carioca). Owns
.ntlre $1.000,000 capital stock of Rio de Janeiro Telephone Co. Also
owns 2 water-power plants. gas plant and electric light and power plant.
In 1909 purchased control of the Ferro Cant do Jardim Botanic°
V. 88. p.883) and consolidated It with the Tram., Lt. & Pow.Co. under an
operating contract. Has also acquired the Jacarepagua tramway lines
(11 miles) and Interurban Telep. Co. (having concession running to 1959
exclusive until 1929). V. 93. p. 1463. The gas and electric-light franchise
expires 1945, gas franchise being exclusive untll 1945 and electric light
until 1915, with a monopoly for public lighting until 1945. Telephone
franchise expires 1928 and is exclusive; see V. 83. p. 214. Rio de Janeiro
Tramway concessions were extended In 1907 until 1970 and give exclusive
privileges until 1940 in very large area of city. Franchises for distribution
of electric energy for lighting and power service were also extended to
1990. Concession to develop power Is perpetual. Both stook and bonds
are listed on the London, Brussels and Toronto stock exchanges. V. 93,
p. 528; V. 86, p. 1044; V.88. p. 507. In Apr. 1909 2d M. bonds were listed
on London Stock Exchange. V. 88, p. 883. See description of property in
V. 87, p. 97. On Dec.8 1911 stockholders voted to increase auth. stock from
$40,000,000 to $50.000,000, of which $5,000,000 was offered to present
stockholders
-1 new for 8 o d (V. 93, p. 1669, 1963).
Date
STOC 11 AND BONDSInterest. outstanding
Maturity.
Q-F $45,000.000 Aug'14.134
. _
Stock. $50,000,000 ($100)- 5 g J-J
First mortgage,$25,000,000. 1905
25.000,000 Jan 1 1935
a11)0 $500 and $1 000) Int. payable in Toronto. N. V. & London.
JNatlonal Tr. Co.. Ltd., Toronto. trustee.
gele
5 A-0
Second mtge bonds see text 1 1908
£5,266,000 April 1958
Nat. Tr.
td., Toronto, trustee. Int. at
(£100 and Fr.500)
Can. Bk. Corn.. London, and in Canada,
Co..Of
Paris and Brussels.
5 J-J
.£1,400,000 July 1 1951
Jardin Bot. Tram. 1st mort- 1911
gage £1.400.000 (£100)._c Nat. Trust Co., Ltd.. Toronto. Can., trustee.
Int. at offices of Can. Bk. of Commerce in
London. New York and Toronto.
Bonds.
-A sinkingfund on 1st M. of 1% per ann. of bonds out began In
1910. The 2d M. debs. are subj. to call on 3 mos.' notice as a whole or any
part at 105; also subject to sinking fund drawings beginning April 1 1918.
Authorized issue of 2d mtge. bonds is limited, but bonds may be issued
outstanding April 1
to par value of bonds of three subsidiary companies V.
92, p. 596, 726;
1908 upon deposit of said securities with trustee.
Jardin Botanic° 1st M. bonds are red. at 102 Si and Int. on 3 mos.' notice.
Sinking fund begins In 1912. Bonds are listed on London Stock Exch.
V. 93, p. 1786. Rio de Janeiro Tram, Light & Power Co.. Ltd., undertakes to put aside semi-annually a sum sufficient to meet int. and sk. fd. on
Jardin Botanic° bonds; V. 93, 13• 528.
Diridends.-FIrst dly., 1%, paid Nov. 1909: In 1910. 434%. in 1911
1%; Aug., 134%.
,
1912 and 1913, 5%. In 1914, Feb., 11.1%; May, 13
-Earnings are now included in the Brazilian Traction,
EARNINGS.
Light & Power Co. statement.
-Operates 236.79 miles of track in business and
ROAD AND PLANT.
residential section of city and adjoining districts, incl. scenic road 2.33 miles,
owning a hotel on Corcovado Mountain. Has 946 passenger and 205 freight
cars. '2.apacity of power stations, 84,000 h. p. Company was supplying
10,821 arc
on Dec. 31 1913 to City of Rio de Janeiro 63.539 h.p.in motors, telephones
lamps, 683,937 incandescent lamps. In Dec. 1913 had 11,917
In service. Gas sales in 1913, 32,757,800 cubic meters. On Dec. 31 1913
had 28.792 light and power consumers.
OFFICERS.
-Chairman of Bd., Sir William Mackenzie, Toronto;
Pres., F. S. Pearson; R. M. Horne-Payne, E. R. Wood and Z. A. Lash;
J. M. Smith; Gen. Mgr., F. A. Huntress. Main office, 9 Toronto
Sec.
St. .Toronto.
-V. 92, p. 59, 596, 728, 1103, 1637; V. 93, p. 528, 1192,
1387. 1483, 1669; V. 94, p. 1247, 1764; V. 96. p. 1298.
'
(2) The Sao Paulo Tramway. Light & Power Co., Ltd -An electric road.
ORGANIZATIuN.-Ineorporated In the Province of Ontario. Canada.In
1899 and owns an extensive system of electric roads and electric-lighting




[VOL. xcix.

and power business in Sao Paulo Brazil. Stock and bonds were listed on
London Stock Exchange in July 1905. V. 81. p. 614. In Nov. 1906
authorized stock was increased from 37,500,000 to 38,500,000 (V. 83.
p. 1230), and stockholders were offered the $1,000,000 new stock at par.
See V. 83. p. 412. In 1907 purchased Santa Anna Ry., a narrow gauge
mule line, which has been electrified. Company has secured an exclusive
30 year concession for distribution of light and power in municipality
of Sao Bernardo. On Dec. 27 1907 shareholders increased authorized
Stock from $8.500,000 to $10,000,000. V. 88, p. 53.
Dale.
Interest. Outstanding, Maturity.
STOCK AND BONDSQ-F
Stock. 310.000 000 131001_
910,000,mo Aug'14,234
MS 2
Perpetual consolidated deben-1
£821,917 Perpetual.
ture stock issued Feb. 1911 Interest payable In London and Toronto.
First mortgage. $8,000 mo0.: 1900 5 g J
6.000.000 June 1 1929
($500)
es INIational Trust Co.. Ltd., Toronto. trustee
gold
Stock.-Perp. deb. stock is redeem. at 105 on 6 mos. notice. Trustees
are British Empire Tr. Co.. Ltd., London, and Nat. Tr. Co.. Ltd., Toronto.
Stock is listed on London Stock Exchange. V. 94, p. 1250.
Sonds.-Interest Ir payable at the Canadian Bank of Commerce In Lon
don. England. and Nat. Trust Co., Ltd., Toronto, Oct. No sinking fund
and bonds are not subject to call.
Dividends.
-In 1902.334%: in 1903. 55470: in 1904,734%; In 1905,8%;
In 1906, 8%;in 1907, 8M%;in 1908, 9.31%; in 1909 to 1911 incl., 10%; 111
1912, Jan.. 234%; April, 234%; July. 234%; Oct., paid 5-6% for month
of July 1912, in accordance with plan of amalgamation: Nov.. 234%.
In 1913, Feb., 234%; MaY. 2,4%; Aug.. 235 %; Nov., 234%. 1n1914,
Feb., 2,i%; May,2M%; Aug., 234%.
EARNMOS.-Induded in the Brazilian Traction statement..
ROAD.
-Operates 141.4 miles of track, all in city of Sao Paulo,
Brazil. 90-1b. girder and 55 and 62
-lb. T rail. Has franchise also to do a
freight business. On Deo. 31 1913 supplied 177.848 arc and Incandescent lamps and 33,104 h.p. in motors, and had 13,419 light and power
cosumers.
OFFICERS.
-Chairman of Board, Sir William Mackenzie; Pres., F. S.
Pearson; V.
-Ps., Frederick Nicholls and Z. A. Lash; Sec., J. NI. Smith.all
of Toronto; Mgr., W.N. Walmsley, Sao Paulo.
-V.88.p.507.1561.1616;
V.90. p. 1166; V. 92, p. 189, 264, 1103; V. 93, p. 941, 1325; V. 94, p.
827. 1187, 1248, 1250.1764; V.95, p. 681.
(3) Sao Paulo Electric Co , Ltd.
ORGANIZATION, &c.-Incorp. In 1910. Stock Issued, $5,000,000,
Has acquired water powers and franchises for the utilization and sale of
electric power through the State of Sao Paulo.
STOCK AND BONDS- Date,
Interest. Outstanding.
faturity.
Stock
$5,000,000
5 J-J
First mtg £2,000,000 (£500,1 1912
£2,000,000 Jan 1 1962
£100, £20)
JNational Trust Co., Ltd., of Toronto, trus.
Bonds.
-Red. by a sinking fund beginning in 1922 in annual drawings at
par, or may be red. at 103 at any time on 6 months' notice, or at par on
voluntary liquidation or amalgamation with another company. The Brazilian Trac., L.& P. Co. agrees to set aside 8.-a, out of the gross earnings of
the Sao Paulo Elec. Co. a sum sufficient to meet the int. and sinking fund,
and in case the earnings should be insufficient, to meet the same from its own
revenues. Int. payable in London, N. Y., Toronto, Brussels and Basle.
and at Canadian Bank of Commerce or its agents. Listed on London Stock
Exchange. V. 95, p. 1043; V. 96. p. 65.
-On Dec. 31 1913 operated a small hydro-electric plant
PROPERTY.
of about 4,000 h.p. on the Sorocaba River and was building a hydro-electric
plant of30000 h.p. with an ultimate cap. of 50,000 h.p. The construction
work on this plant is practically completed. Has a contract to supply the
Sao Paulo Tr. Lt. & Pow. Co. with 15,000 h.p. and the latter company has
constructed a transmission line for the purpose of utilizing this energy.
(V. 99, p. 43).

WINNIPEG, MANITOBA.
WINNIPEG ELECTRIC RY.-A trolley road.
ORGANIZATION.
-Incorporated in Manitoba in 1904 and Is a consolidation of the Winnipeg Electric St. By. and the Winnipeg General Power
Co. Controls Suburban Rapid Transit Co. and Winnipeg Selkirk & Lake
Winnipeg Ry. and guarantees bonds of those companies, prin. and Int.
V. 86. p. 1346. Operates the entire street railway, gas and electric business
of Winnipeg and St. Boniface. On July 20 1907 directors voted to increase
capital stock from 34.500.000 to $6,000,000. Franchises are perpetual and
street railway franchise is exclusive In Winnipeg until 1927 and In St
Bonlface until 1943.
In Oct. 1913 Judge Robson the P. U.Commissioner at Winnipeg, denied
the application of the municipal power plant of Winnipeg to sell current
in St. Boniface without the consent of the latter city. It was held that
the Winnipeg Elec. By. supplied St. Bopiface with current satisfactory
-V.97, p. 1288.
at the 'present time.
In March 1912 shareholders were given the right to subscribe at par for
$3,000,000 additional stock (auth. Feb. 14 1912). V. 94, p. 828.
Interest. Outstanding
Date.
Afaturin,
STOCK AND BONDSQ-J
29.000.000 Oct. 14. 3%
Stock $10.000.000 ($100)
1700,000
See text
Perpetual debenture stock__ ____ 434 A-0 2
1British Empire Trust Co., London, Trustee
5 g J-J
4,000.000 Jan 2 1933
lst ref mtge.$5,000,000,gold,) 1905
c•(Int. at Bank of Montreal. Montreal and N.Y
f ($1,000)
1.000,000 Jan 1 1925
5gJJ
Win El St Ry mtge, $1,000,- 1898
000 ($500)
I Interest at Bank of Montreal, Montreal.
-The $1,500,000 stock authorized July 1907 was Offered to stock
Stock.
holders on or before Sept. 15 1907, payable 10% on subscription and 10%
Oct. 15, Nov. 15 and Dec. 1907 and Jan. and Feb. 1908, and 6.66% March
15 1908, the remaining 33.34% to be paid by the crediting of $500,000 to
be taken from profit and loss account. V.85 p. 406. The debenture stook
is repayable at no fixed date. but Is sublect to call at 105 and Interest
'
V. 88. p. 626. Listed on London Stock Exchange, V. 91. p. 1448.
Bonds.
-Of the new 15,000,000 mortgage, 31.000,000 are zeserved te
retire the first 5s. The Royal Trust Co., Montreal is trustee. The yew
bonds are not subject to call, but 134% of bonds outstanding is payable to
a sinking fund from 1915 to 1924 Inclusive and 2% from 1925 to 1934 inclu
sive See V. 711. p. 2698
REPORT.
-For calendar years:
YearGross.
Net.
Charges.
Dividends.
Surplus.
1913
$4.078,695 $1,826,088 $570,583(127
0)31,070,043 $185,482
1912
3,765,384
1.761,236
566,773 (12%) 720,000
474,463
Passengers carried in 1912, 51,106.017, against 40,281.245 in 1911.
ROAD.-Operates 119.46 miles of track, including Suburban Rap Transit
Co. and Winnipeg Selkirk & Lake Winnipeg Ry. Has 256 oars and 17
trailers. Completed in 1907 a 30.000 h. p. water-power plant. Installed
a 12,000 h. p. steam turbine auxiliary plant in 1911, which gives the company an auxiliary steam plant capacity of 20,000 h. p.
0F FICERS.-President. Sir William Mackenzie, Toronto: V.
-P., A. M.
Nanton, Winnipeg; See. & Treas., F. Morton Morse. Winnipeg; Mgr.,
Wilford Phillips.
-V.88. p. 508. 6211• V.90. p. 581; V.111, p. 1448: V. 92,
n. 598, 1378. 1501: V. 93, p. 287, 1023, 1192; V.99. n.692.828, 1058, 1351;
V. 96, p. 655; V. 97, p. 439, 1288; V. 98, p. 692, 1761; V. 99, p. 344.
(1) Suburban Rapid Transit Co.
ORGANIZATION.
-Organized in 1902 In Manitoba. Charter givi
company right to operate the telephone and telegraph lines and to dispose
of electric light, heat and power. Franchise, 35 years from 1902 and is
exclusive. Winnipeg Electric By.controls road through ownership of stock
Date.
STOCK AND BONDSInterest. Outstanding, Maturity.
Stock,$100,000
See text
1 1908
5 F-A
$500,000 Jan. 31 1938
First morteaye 111.000) re.c9 Royal Trust Co., Montreal. Trustee
Guar prin & int by Whmi-lInterest at Bank of Montreal, Montreal,
Toronto, New York, or London, Eng.
nag Elec By
Bonds.-AdditIonal bonds may la- issued at rate of not exceeding $20,000
per mile additional road built.
EARNINGS.
-For cal. year 1913, gross. $65.956; net. 53.166; fixed
charges. $26,968: deficit, $23.802.
-Embraces 19.81 miles of track from WInnlpegto Headingly on
ROAD.
the north side of Assinibeine River and beyond the City Park on the south
side of river. V. 86, p. 1345.
(21 Winnipeg Selkirk & Lake Winnipeg Ry.
Comprises 21.44 m. of road from Winnipeg on west side of Red River to
Selkirk. Controlled through ownership of stock (auth. $500,000: paid in,
2111.500) by Winnipeg Electric Ry. Co., which guarantees prin and let
of company a $400,000 bonds. Earnings for cal. year 1913 gross. $129.317
net, $63,376; interest and taxes, $52,077; surplus, $11,297.

SEPT., 19 4.]

INDEX TO RAILWAYS

137

NEW COMPANIES.
The following furnishes a reference to the volume and page of the "Chronicle" where information can be found concerning a number of companies
not represented in this issue of the "Electric Railway Section." These are either newly organized companies the affairs of which have not yet
advanced sufficiently far to warrant the presentation of a regular statement regarding them,or else companies from which it has not been found possible
to steure full returns.
Lima Urban Ry. V. 88. p. 1253; V. 89, p. 1347: V. 90. p. 1239.
Algiers (La.) Railway & Lighting Co. V.94, p. 1184.
Lincoln (III.) R. & Light Co. V. 98, ;p. 1920: V. 99. p. 407.
Allegheny & Northwestern St. Ry. V. 93, p. 526.
Little Falls (N. Y.) & Johnstown RR. V. 95. p. 111. 1123.
Alton Jacksonv. &Peoria Ry. V. 98. p. 1154, 1691.
Loramie 5c Minster (0.) Electric RR. V. 97. p. 299.
Alton & Northern RR. V. 98. p. 1691.
Madison Light & Railway Co. V. 98, p. 1767.
Altoona (Pa.) Northern RR. V. 97, p. 1114.
Medfield & Medway Street Ry. V. 97, p. 443.
Ardmore (Okla.) Street Ry. V. 98, P. 1691.
Menominee & Marinette Light & Trac. Co. V. 99, p. 120.
Atlanta & Carolina (Electric) Ry. V. 98, p. 761: V.99, p. 118.
Mexican Light & Power, Ltd. V. 93, p. 1389; V. 94, p. 1623.
Atlanta & Macon Ry. V. 95. p. 296. 618.
Mexico (Mo.) Santa Fe & Perry Tract. V. 96. p. 716. 1089, 1229, 1489.
Bahia Tramway. Light & Power Co. V. 97. p• 1897.
Mexico Tramways Co. V.97. 9. 117. 1357, 1426. 1504: V. 98. p. 304.
Barcelona Traction, Light & Power Co.. Ltd. V. 97, p. 1114.
Milwaukee Western Electric Ry. V. 97. p. 1426.
Berwick & Nescopeck Street Ry. V. 98. P• 761.
Mineral Wells Electric Co. V. 91, P. 397.
13 1765.
Big Four Electric Ry. (Cal.). V. 98, ,
Minnesota Central Ry. V. 99, p. 197.
BinghamCentral Ry. V. 92. p. 116.
Mississippi Valley Interurban Ry. V. 93, p. 1534; V. 94, p. 207.
Northern. V. 93._p. 1021.
Bloomsburg Millville &
Missouri Water. Light & Traction Co. V. 91, p. 39.
Bogota (Columbia) City Ry. V.91. v. 1765.
Monterey (Mex.) Ry.. Light & Power. V. 99. p. 407,
Boston & Eastern RR. V. 98. p. 154.
Montgomery Rapid Transit Co. V. 92, p. 1500; V. 93.538. 604.
Brantford (Ont.) Street Ry. V• 98. P• 999.
p. 796.
Morgantown & Wheeling Ry. V. 97. p. 521.
BritishColumbia Electric Ry. V.98. P. 385, 1155•
Morris RR. (Morristown. N. J.). V. 97, p. 299.
7
715:V d8, p2180732.
Brooklyn & North River RR. V. 96, p. 281: V.97 13.
Nashville Traction Co. V. 96. P. 1423; V. 97. rl•
V.96. p.
Brunswick Terminal & Ry. Sec.
•
New Orleans & Grand Isle Traction, Light & Power. V.
Bryan (Tex.) & Central Interurban Ry. V. 97, p. 1203.
95.
New York 5c North Jersey Rapid Transit Co. V. 95, 9. 298. p. 618.
Bryan (Tex.) & College Interurban Ry. V. 91. P. 716.
795; V. 94, p. 278.
New York Westchester & Connecticut Traction Co. V.
California Midland RR. V.93. p. 526. 666.
98. Il• 1761.
Northern Electric Ry. (Scranton. Pa.). V. 92, p. 188. 462.
Camaguey (Cuba) Co.. Ltd. V. 95, p. 418; V. 99. p. 118.
Northern Illinois Electric Ry. V. 97. p. 1583: V. 99. p. 343.
Cassville & Western Ry. V. 95. p. 235.
Northumberland County (Pa.) Railway & Light. V. 93. p. 1600.
Catskill (N. Y.) Traction Co. V. 92, p.955.
Parkersburg (W. Va.) & Ohio Valley Elec. Ry. V. 92. p. 1375.
Centre & Clearfield St. Ry.. Philipsburg. Pa. V. 95. p. 1122.
1566.
Pasadena Rapid Transit. V. 89, p. 1411: V. 91. p. 717; V. 94,
Cheboygan. Mich., Electric Light & Power Co. V. 95. p. 1683.
Paul Smith's Electric Light. Power & Railroad. V. 93, p. p.41.
Cheyenne (Wyo.) Electric Ry. V. 93. p. 1599. 1785.
106.
Pelham Park Ry. V. 93. p. 1669; V. 95, p. 48.
Chicago Fox Lake & Lake Geneva RR. V. 95. p. 1402.
Penn Van & Lake Shore Ry, V. 99, p. 49.
Circuit Terminal Ry. V. 93. p. 323.
Citizens' Lt. .Sc Transit Co.,Pine Bluff.Ark. V.90. p.976; V.94. p.910. Phoenix (Ariz.) Railway Co. V. 92. p. 1437.
Plymouth (Mass.) & Sandwich Street Ry. V. 96. p. 1490.
Island Ry. (N. Y.). V. 93. p. 1668.
City
Public Service Co. of Oklahoma. V. 96. p. 1773.
Cleveland Interurban RR. V. 99. p. 406.
Puebla Tramway, Lt. & Pow. Co. V. 95, p. 1473, 1684.
Cleveland (0.) Undergr RPd Trs. V.92.9.1031,1701; V. 95,9.407.
Railway & Light Securities Co.(Boston). V. 96, p. 136.
Cleveland & Youngstown RR. V. 96, P• 1488; V. 97, p. 1286. 1732.
Richmond (Va.) & Henrico Ry. V. 96, p. 1630; V. 97, p.
Columbus Kenton & Toledo Traction Co. V 95. p. 297.
Richmond (Va.) & Rappahannock Ry. V. 95, p. 1404. 50.
Columbus Urbana & Western Ry. V. 97, p• 1732; V. 98. p.386.
Rochester-Corning-Elmira Trac. Co. V.95. p. 176: V. 97, p. 1427.
Corpus Christi Street & Interurban Ry. V. 98, p• 1071.
Sacramento Valley Electric RR. V. 95, p. 680.
Creston (Ia.) Winterest & Des Moines RR. V• 95. p. 1607.
St. Francois County Ry.. Farmington. Mo. V.91. p. 519; V.95.p.
Danville (Va.) Trac. & Power Co. V.95. p. 749.
237.
St. John (N. B.) Ry. V. 97. p. 522.
Dayton (0.) Power & Light Co. V. 92. p. 1564; V. 97. p. 447.
St. Louis Montesano & Southern Ry. V. 88, p. 1501; V. 91. p. 155.
Dayton (0.) Street Ry. V. 87. p. 1532; V. 92. p. 725.
Salt Lake & Utah RR. V. 99, p. 468. 817.
(Mass.) 5c Franklin St. Ry. V. 98. p. 1608.
Dedham
San Joaquin Valley Electric Ry. V. 93, 9. 408.
Delta Light & Traction Co. V. 98. p. 1844.
San Jose Terminal Ry. V. 94, p. 1120; V. 95. p. 1208, 1333.
Demerara Electric Co., Ltd.. Halifax. V. 99, p. 119.
Santiago (Cuba) Elec. Lt. & Trac. Co. V. 95, 9. 754; V. 98. p. 1157.
Detroit Lensing & Grand Rapids Elec. Ry. V. 89. p. 993.
Sapulpa (Okla.) & Interurban Ry. V. 9.5, p. 751.
Dixon (ill.) Rock Falls & Southwestern Ry. V. 97. P• 298.
Domin ion Traction & Lighting Co.. Ltd.. Toronto. V.97. p. 364. 728. Scranton & Binghamton Ry. V.92. p. 189, 1244: V.98,9. 525.
840.
Seattle Snohomish & Everett Ry. V. 94, p. 983.
Dunnville Wellandport & Beamsvilln Elec. Ry. V. 95. p. 818.
Sharon (Mass.) Canton & Norwood Street Ry. V. 96, p. 361.
Eastern New York RR. V.94. p. 123.
Co. V. 96,_p. 359. 1422.
Shelburne Falls (Mass.) & Colrain Street Ry. V. 92. p. 189.
Eastern Texas Traction
Somerset (Ky.) Water. Light & Traction Co. V. 92, p. 323.
Electric Properties Corp. (N. Y.) V. 98, P. 526.
South Carolina Light. Power 5c Rys. Co. V. 98. p. 156, 1768.
Elmira Corning & Waverly Ry. V.91. p. 1710.
Southern Illinois & St. Louis Ry. V. 98.9. 388.
Ephrata & Lebanon St. Ry. V. 97, p• 1583. 1732; V. 99. p. 608.
Southern Traction Co. (Bowling Green. Ky.). V. 98. p. 1394.
Erie Cambridge Union & Corry Ry. V. 97, P• 1583.
Erie & Central Pennsylvania Ry. V. 96, p. 1156. 1228; V. 97. p. 1733. Southern Traction Co. or Illinois. V. 95. p. 1208; V. 98.9. 840. 913.
Springfield & Central Illinois Traction Co. V. 96. p. 1425.
Erie Southern Ry. V. 97. p. 1583.
Springfield (III.) & Jacksonville Electric Ry. V. 94. p. 1764.
Fayetteville (N. C.) Light & Power Co. V. 97. p. 1822.
Springfield (0.) & Washington Ry. V. 93. p. 1535. 1601.
Fort Scott & Nevada Lt.. lit.. W.& P. Co. V.95. p. 820.
Stockton Terminal & Eastern RR. V. 96. p. 1490.
Fort Wayne & Northwestern Ry. V.96, p. 1228: V.98. 9. 522, 911.
Fresno Hanford & Summit Lake Interurban. V.97.p.1425; V.98,9.155. Sunbury & Susquehanna Ely. V. 95. p. 49;V. 97.9. 1824.
Syracuse Watertown 3c St. Lawrence River RR. V. 94. p. 983.
Geary Street Park St Ocean RR. V. 98. p. 1920.
Tampa (Fla.) & Sulphur Springs Traction. V. 93. p. 287.
Goldsboro (N. C.) Traction Co. V. 97. p. 237. 521. 728.
Hammond Chicago Heights & Southern Trac. Co. V.91. p 276.
Toronto Suburban Ry. V. 93, p. 409, 1192.
Hocking-Sunday Creek Traction. V. 97. p. 1426; V. 99, p. 608.
.
Trinidad Electric Co.. Ltd., Port of Spain. B. W. I. V. 99. p. 122.
Houston & Texas Central RR. V. 97, p. 1203.
Independence Neodesha & Topeka Ry. V. 97, P. 299.
Twin City & Lake Superior Ry. V. 90. P. 237.
Indianapolis Chicago & Meridian Ry. V.95. p.480.
Twin Falls (Idaho) Ry. V. 95. p. 681. 1404.
International Transit Co. V. 93, p. 589; V. 98. p. 1844.
Twin City Light & Traction Co. V. 99, p. 468.
Inter-State Public Serv. Co. V.95, p.680, 1745; V. 98.9. 1157. 1701. Tyler City (Tex.) Light & R. V. 97. p. 445.
United Water, Light 5c Traction Co.(Somerset. Ky.). V. 94. p. 984.
I rwin-Herminie (Pa.) Trac. Co. V. 95, P 1745.
Jamestown Westfield & Northwestern RR. V. 99, p. 674.
United Service Co.. Scranton. Pa. V. 91. p. 407: V. 93. p. 797.
Washington Electric Ry. V. 96. p. 555.
Kankakee Urbana Traction Co. V. 99, p. 467.
Washington (D. C.) Interurban Ry. V. 98. p. 1921.
Kentucky Utilities Co. V. 95. p. 1745: V. 96. p. 63. 1157.
Washington & Great Falls R.& Power Co. V. 96. p. 439.
Lake Erie & Northern Ry. V.95. p. 1746; V. 96. p.63. 1157.
Washington Westminster & Gettysburg RR. V. 95. p. 177
Erie & Youngstown Ry. V.96. p.285; V. 97. p. 443.
Lake
Willapa Electric Co. V. 97. p. 1435.
Lima-Honeoye Electric Light & RR. V. 86, p. 857: V. 91. p. 589.

INDEX TO RAILWAYS
Page.
Page.
damstown 5c Mohnsville El. Ry.-See
Asheville Electric Co.
-See Asheville Pow.
tla United Traction (Reading)
111
111
Light Co
Akron Bedford & Cleveland RR.
-See NorthAsheville Power & Light Co ern Ohio Traction & Light Co
5 Ashland (Wis.) Light. Power & Street Ry.Akron Wadsworth & Western Ry.-See North.
See Ironwood & Bessemer By. & Lt. Co..Ohio Tract. & Lt. Co.
5 Ashtabula Rapid Transit
Alabama City Gadsden & Attalla St. By
52 Atchison By. Light & Power-See Western
Alabama Trac.,Lt.& P.
-.See"Ry.&Ind." Sec.
Rys. & Lt. Co ____________ _. __ -- -- -- -28
Albany & Hudson RR -See Albany Sou.RR. 59 Athens By.& Electric Co.
-See Cities Secy.Co
Albany Ry.-See United Traction (Albany) _ 5 Athol & Orange St. Ry.-See Northern Mass. 89
Albany Southern RR
59
Street By
57
Albia Interurban Ry.-See Southern Iowa By.
Atlanta & Carolina By
137
& Light Co
6 Atlanta Consol. St. 1111.
10
-See Ga. Ry.&Eleo
Alfr. Lt. & Power Co.
-See AU.Sh, By
116 Atlanta G. L. Co.
-See Ga. Ry. & Elec
10
Algiers (La.) Ry. & Ltg. Co
137 Atlanta h Macon Ry_
137
Allegheny & Bellevue-See Fed. St. & Pl. V. _102 Atlanta Northern Ry.-See Ga.
By. & El. Co. 10
Allegheny Belie. & Per. Ry.-See United Trac.102 Atlanta St. RR.
-Sec Ga. By. & Elec. Co
10
Allegheny Co. Lt. Co.
-See Duquesne Lt. Co_103 Atlantic Ave. RR.
-See Bkiyn. Rapid Tran. 18
Allegheny & Northwestern St
137 Atlantic City & Ocean City Co.
-See Atlantic
-See Federal St. & Pleas. Val_ _102
Allegheny St.
City & Shore Co
10
Allegheny Traction-See Coofed Tian System103 Atlantic City & Ocean City RR.
-See Atlantic
Allegheny Valley Street Ry.-See West Penn
City & Ocean City Co
10
Trao
104 Atlantic City & Shore Co
10
-See Leh. Val. Tran
Allentown El. L. cc P.
Atlantic City & Shore 14B.
-See Atlantic City
Allentown & Reading Traction Co
& Shore Co
6
10
Allentown 63 Slatingt'n-See Lehigh Valley
Atlantic & Suburban Ry.-See Atlantic City &
6
Tran
Shore Co
10
-See Lehigh Val. Tr.Co. 6 Atlantic Coast Electric By
Allentown Bridge Co.
8
Alliance Electric Ry.-See Stark Elec. RR...
Atlantic Shore Line Ry.- See AU. Shore Ry_ _116
Granite & St. L. Tree. Co.
-See East St.
Atlantic Shore By
Alton
116
49 Auburn & Northern Elec. RR.
Louis SO Suburban Co
-See Empire
137
United Rys
Alton Jacksonville & Peoria
126
-See East St. Louis
Alton Ry. Gas & Elec. Lt.
Auburn & Syracuse Electric RR.
127
49 Aug. & Aiken Ry.-See Augusta-Aiken Ry.
& Suburban Co _
137
& Electric
Alton & Northern RR
10
it. St. Louis & Sub. Co_ 49 Augusta-Aiken By.& Elec. Co
-See
Alton By. & Ill.
10
Altoona de Logan Valley Electric Ry.-See
Augusta (Me.) Hallowell & Gardiner RR.
95
American Rys. Co
See Lewiston Augusta & Watery
106
137 Augusta (Ga.) Ry. & Electric Co. See Augusta
Altoona Northern RR
American Cities Co
83
Aiken By. & Elea
10
Railways Co
American
94 Augusta Winthrop & Gardiner Ry.-See
Amesbury & Hampton-See N. Ham. Eleo.Ry. 58
Lewiston Augusta & Waterville St. Ry
106
-See Wash.
Anacostia & Potomac River RR.
Aurora Elgin & Chicago (with map)
30
129 Austin (Texas) Street Railway
By. & Electric
11
Annapolis Public Utilities Co.
-See Wash.
Annapolis
Halt.&
129 Lik &len & St L. RR.
-See United Rys. Co
115
Anniston Electric & Gas Co
nt
8 "1Ia Tramway. Light & Power Co
137
137 Bakersfield Gas & Elec. Lt. Co.
Ardmore (Okla.) Street By
-See San
Ardmore St. Ry.-See Cons. Trac. of Pittsb-103
Joaquin Lt. & Pow. Corp
11
Arkansas Valley By. Light & Pow. Co
109 Bakersfield & Kern Eleo. Ry.-See San Joaquin
Arlington Heights Motor By
Lt. & Pow Corp
125
11
-See Atlantic
Asbury Park & Sea Girt RR.
Baltimore & Annapolis Short Line
-See MaryCoast Electric By
8
land Electric Rys_
__ 12
Ashaway & Westerly By. Co.
-See Norwich &
Baltimore Catonsville & Ellicott's Mills Pass.
Westerly Traction
91
RR.
-See United Rys. & Elec. Co
11




Page.
Baltimore Halethorpe & Elkridge Ry
12
Baltimore & Northern Electric Ry.-See
United Rys. & Electric Co
11
Baltimore & Ocean City
129
Halt. Sparrows Point & Chesapeake By
12
Baltimore Term. Co.
-See Wash. Bait. & Ann.130
Baltimore Traction-See United Rys. & Elec. 11
Baltimore & Ocean City
129
Baltimore & Washington Transit-See Balt.3c
Ocean City By
129
Bangor Power Co.
-See Bangor By. & El
12
Bangor By. & Electric Co
12
Barcelona Traction, Light & Power Co
137
Barre & Montpelier Trac. & Pow.
-See Montpelier & Barre Light & Power
12
Bartlesville (Okla.) Interurban-See Cities
Service Co
89
Batavia Traction Co
22
Bath St. Ry.-See Lewiston Aug. & Waterv 106
Baton Rouge Electric Co
12
Bay Counties Power Co.-See Pacific Gas .S6
Electric Co
_ 117
Bay State Street fly. (w(th m,p)
15
Beaumont Trac. Co.
-See Eastern Tax. Elec_ 12
Beaver Valley Traction-See Phila. Co__ _ 103
Bellaire South Western Tree. Co.
-See Wheeling Traction
_ _
_
_ _106
Belt Line By. Corp.
-See Third Ave. Ry____ 86
Belton & Temple Trao. Co.
-See S. W.Tr. Co _127
Ben Avon & Emsworth St. Ry.-See United
Traction
102
Benton Harbor-St. Joe By. & Lighting
12
Bergen Turnpike Co.
-See Public Service By 76
Berkeley Elec. Ltg.-Sec Pacific Gas & Elec_ _117
Berkshire Street By
79
Berwick & Nescopeck Street Ry
137
Beth. & Nazareth-See Leh. Val. Transit
Beverly & Danvers
-See Bay State St. Ify
15
Biddeford & Saco Railroad
13
Big Four Elec. Ry
Biloxi El. Ry. & Power Co.
-See Gulfport &137
Miss. Coast Tract, Co
Bingham Central RV
Binghamton Lest. & Union-See Bing.
Ry - 17
13 3
Binghamton Railway Co
Birdsboro St. Ry. See United Tref,.
13
(Reading/ 11 1
Birmingham Ensley & Bessemer By
13
Birmingham & Gulf Ry. & Navigation
Co.See B'ham-Tus. Ry. & Utilities
I's
Birmingham Knoxville & Allentown
tion-See Pitteb. & Birmingham Tr Trac-1h2
Birmingham Railway & Electrio-See
-Birmingham By. Lt. & Power
13
Birmingham Ry. Lt. & Power.
13
Birmingham-Tuscaloosa Ry. &
Sec. C0_128

13S
Pape
Birmingham-Tuscaloosa Ry. & Utilities Co.—
128
See B'ham-Tus. Ry. & 13tH. Secur. Co
Bleecker Street & Fulton Ferry RR.—See
84
New York Rys
Bloomfield Street—See Pittsburgh Tr. System103
27
Bloomington Decatur & Champaign RR
Bloomington es Normal By. El. & Heating Co.
25
—See Bloom. & Norm. By. & Lt
25
Bloomington & Normal By. & Lt. Co
62
Bloomington Pontiac & Joliet Elec. Ry
137
Bloomsburg Mil'vine & Northern
Blue Grass Trac. Co.—See By. Tram. & Term_ 66
24
Blue Hill Street By
Bluffton Geneva & Celina Trac.—See Marlon
13
Bluffton & Eastern Trac
137
Bogota (Columbia) City By
Boise & Interurban Ry.—See Idaho By., Lt.
13
& Power Co
13
Boise RR., Ltd.—See Idaho By., L. & P. Co
Boise Valley Ry.—See Idaho By., Lt. & P.Co_ 13
17
Boston & Chelsea RR_
137
Boston h Eastern RR
13
Boston Elevated Ry
15
Boston Mil.& Brock.—See Bay State St. Ry
15
Bog. & Nor. St. Ry.—See Bay State St. Ry
17
Boston & Revere Electnc
14
Boston Suburban Electric Companies
17
Boston & Worcester Electric Companies
17
Boston & Worcester Street By
Boyerstown do Potts. St. Ry.—See United Trill
Braintree & Weymouth St. Ry.—See So. Shore
15
& Bost. Street By
Braintree St. Ry.—See Old Colony St. Ry__. 15
Brantford & Hamilton Ry.—See Dom. P. &
133
Transm.Co
137
Brantford Street By.
Brattleboro Gas Light Co.—See Twin State
17
Gas & Electric Co
131
Brazilian Traction. Light & Power
18
Bridge Operating Co.—See Bkiyn. R. Tr. Co
Bridgeport(ConnATrac.—See Conn.Ry.&Lt.Co.78
Bridgeton Electric—See Am. Rya. Co.(Phila.) 94
94
Bridgeton & Hilly. Tr.—See Am. Rys. Co
Bridgewater Whitman & Rockland St. Ry.—
15
See So. Shore & Bost. St. By
Bristol County St. Ry.—See Taunton & Paw127
tucket St. Ry
17
Bristol & Plainville Tramway (Conn.)
18
Bristol (Va.-Tenn.) Traction Co
137
British Columbia Electric By
61
Broad Ripple Traction
84
B'way & 7th Ave. lift.—See New York Rys
Broadway Surf. RR.—See B'y es 7th Ave.RR. 84
Brockton Bridgewater & Taunton St. Ry.—
15
See Old Colony St. Ry
Brockton & East Bridgewater St. Ry.—See
15
Old Colony St. By
106
Brockton & Plymouth Street By
Brockton Street Ry.—See Old Colony St. By.. 15
86
Bronx Traction Co.—See Third Ave. By
Brooklyn Bath & West End RR.—See B.R.T. 18
Brooklyn & Bright. Beach—See Bklyn. R. T. 18
21
Brooklyn Cable Co.—See Nassau Electric__
Brooklyn City & Newtown RR.—See Coney
22
Island & Brooklyn
Brooklyn City RR.—See Brooklyn Rap. Tran. 18
Brooklyn Crosstown RR.—See Brooklyn Rap.
Tran
18
18
Brooklyn Heights RR.—See Brooklyn R. T
137
Brooklyn & North River RR
Brooklyn Queens County & Suburban RR.—
See Brooklyn Rapid Transit
18
Brooklyn Rapid Transit (with map)
18
Brooklyn Union Elevated—See N. Y. Consolidated
21
Brownsville Avenue Street Ry.—See Pltta. &
Birm. Traction Co
102
Brunswick Terminal & Railway See
137
76
Brunswick Trac.—See Public Service By
Brunswick & Yarmouth Ry.—See Lewiston
Augusta & Waterville Street By
106
137
Bryan (Tex.) & Central Inter. By
137
Bryan (Tex.) & College Inter. By
90
Bucks County Interurban By
Buffalo Bellevue & Lancaster Ry.—See Inter24
national Traction
22
Buffalo & Depew By
Buffalo Dunkirk & Western RR.—See Buffalo
22
& Lake Erie Traction Co
Buffalo Gardenville & Ebenezer Ry.—See
22
Buffalo Southern By
Buffalo Genessee & Roch.—See Buff. & Depew. 22
Buffalo Elem.& Aur.Ry.—See Buff.South Ry. 22
22
Buffalo & Lackawanna Traction Co.
22
Buffalo & Lake Erie Traction Co
127
Buffalo Lockport & Rochester By
Buffalo & Lockport St. Ry.—See Inter. Trac_ 24
Buffalo & Niagara Falls Electric Ry.—See In24
ternational Traction
24
Buffalo Ry.—See International Traction
22
Buffalo Southern By
Buffalo Tonawanda & Niagara Falls Electric
24
RR.—See International Traction
Buffalo Traction.—See International Traction 24
22
Buffalo es Williamsville Electric By
75
Burlington Eleo. Lt. & Pow
Burlington County Ry.—See Burl. Co. Tran.__ 73
73
Burlington County Transit Co
24
Burlington (Vt.) Traction
24
Burlington (Iowa) By. & Light Co
24
By
Butte Electric
56
ecline° Water & Light Co
afro Eleo. & Trao.—See Cairo By. & Light_ 28
Cairo By. & Lt. Co.—See Western Rye. & Lt. 28
Cairo & St. Louis Ry.—See Western Rys & Lt. 28
24
Calais (Me.) Street Railway
California Central Gas & Electric Co.—See
117
Pacific Gas & Electric Corporation
California Gas & Electric Corporation.—See
117
Pacific Gas & Electric Co
137
California Midland RR
67
Pacific Ry.—See Pac. Elec. By....
California
-Oak. Term. Ry. 91
California Ry.—See San Fran.
119
California By.& Power
119
California Street Cable
31
Calumet Elec. St. Ry.—See Cal. & So. Chic
31
South Chicago By
Calumet &
137
Camaguey (Cuba) Co., Ltd_
77
Camden Gloucester & Woodbury By
Camden Horse RR.—See Camden & Suburban 77
Camden Inter-State Ry.—See Ohio Val.Eleo.Ry 96
Camden & Suburban Ry.—See Pub.Serv.Cor. 76
Canadian Lt. & Pow.—See Montreal Tram134
ways & Pow
Canal & Claiborne RR.—See N.0. Ry. & Lt__ 82
21
Canarsle RR. Co.—See N.Y. Consol. RR
5
Canton-Akron Cons. By
5
Canton-Akron Ry.—See Can.-Akr. Cons. Ry
Canton-Massillon Electric Ry.—See Canton5
Akron Cons By
Canton-New Philadelphia Ry.—See Canton6
Akron Cons By
135
Cape Breton Electric Co
Cape May Del Bay & Sewell's Point Elec. By.. 24
129
(apltal Traction

C




INDEX TO RAILWAYS
Page.
95
Carbondale Ry.—See Scranton By
70
Carbon Street Ry.—See Carbon Transit Co..
70
Carbon Transit Co
109
Carolina Power & Light Co
Cass Ave. & Fair Or Ry.—See United Rye Co_115
137
Cassville & Western
Catharine& Bainbridge Sta.Ry.—See lin.Trao. 97
137
Catskill (N. Y.) Traction
Cayuga Lake Electric By—See Ithaca St. By.. 61
Cedar Rapids & Iowa City By. & Light Co.—
25
See Iowa By. & Light Co
Cedar Rapids & Marion City Ry.—See
56
United Light & Railways _______
Central Arkansas By. & Light Corp.—See
87
Federal Light & Traction Co
Central California Electric Co. See Pacific
117
Gas & Elec. Co
126
Central California Traction Co
Central Crosstown RR.—See New York Rys_ _ 84
Central Electric Co.—see zomerset Union &
Middlesex Lighting Co
Central Elec. Ry.—See Sac. Elec. G. & Ry __ _ 117
Central Elec. By.(Kan.)—See K.C. Ry. & Lt. 62
69
Central Georgia Power Co
70
Central Illinois Public, Service Co
Central Kentucky Traction Co.—See Kentucky
Trao. & Term. Co
66
30
Central Lighting Co
Central Market St.Ry. See Columbus Trac.Co. 40
Central Mississippi Valley Electric Properties_ 63
Central New York Southern RR. Corp
61
Central Park North & East River RR.—See
Belt Line By. Corp
86
Central Passenger Ft v.—See Central Traction _ _103
Central Pennsylvania Traction Co.—See Harrisburg Rys
58
Central Ry.—See United Railway. & Electric. 11
27
Central Ry.—See Peoria By
Central Traction. See Consol. Trac System_103
Centre & Clearfield Street Ry
137
25
Chambersburg & Gettysburg Elec. Ry
Chambersb. Greencastle & Waynesb. St. By....130
Charleston City Ry.—See Charleston Consolidated Railway Gas & Electric
30
Charleston Consolidated By. Gas & Electrio—
See Charleston Cons. Ry. & Ltg. Co
30
30
Charleston Consol. Ry. & Lighting Co
Charleston-Isle of Palms Traction
30
30
Charlotte Elec. By
Charlotte Electric Ry. Light & Power Co.—
See Charlotte Elec. Ry _____ _ ______ __
30
Chattanooga Elec. Ry.—See Chatt. Ry. & Lt_ 73
73
Chattanooga Rys. Co —See Chatt. Ry. 63 Lt
73
Chattanooga Railway 63 Light
62
Chautauoua Traction Co
137
Cheyboygan El. Lt. & Pow. Co
Chester Darby & Phila.—See Wil.&ChesterTrac 98
Chester & Media Eieo. Ry. Ry.—See WII. &
Chester Tractior
98
Chester & Philadelphia Ry
97
Chester Street Ry.—See WI!. & Ches. Trao__ _ 98
Chester Traction—See Wilm. & Ches. Traci. Co. 98
137
Cheyenne (Wyo.) Electric By
Chic. Bloom. & Decatur Ry.—See Bloomington
Dec. & Champaign
27
31
Chicago City & Connecting Rys
31
Chicago City Ry
32
Chicago Cons. Teaotion.--See Chicago Rys
Chicago & Desplaines Val.—See Am. Rya. Co_ 94
34
Chicago Elevated Railways (with map)
137
Chicago Fox Lake & Lake Geneva
32
Chicago & Interurban Traction
Chicago & Joliet Elec.RR.—See Am. Rys. Co.. 95
Chicago Junction RR.—See So. Side Elev. RR. 36
70
Chicago Lake Shore & South Bend By
32
Chicago & Milwaukee Electric
36
Chicago & Oak Park Elevated By
28
Chicago Ottawa & Peoria By
32
Chicago Railways Co. (with map)
Chicago South Bend 63 Northern Indians Ry_125
Chicago Union Traction—See Chic. Rys. C.)._ 32
34
Chicago & West Towns Ry
Chicago & Western—See Chic. City & Con31
necting Rys_
Chippewa Vali. By. Lt. & Pow.—See Wiscon64
sin-Minn. Lt. & Pow. Co
69
Choctaw Railway & Lighting Co
Christiana & Coatesville St. Ry.—See Lancas65
ter Railway & Light Co
Christopher h Tenth Ss:RIt.—See N.Y. Rys_ 84
36
Cincinnati & Columbus Traction co
Cincinnati Covington & Erianger.—See Cin42
cinnati Newport & Covington
Cincinnati Dayton & Toledo Traction Co_ ____ 41
Cincinnati Georgetown & Portsmouth RIt ____ 36
Ctn. & Ham. Tract. Co —See Ohio Tract. Co 37
Cincinnati Laurenceburg & Aur. Elec. St RR. 36
36
Cincinnati Milford & Loveland Traction
42
Cincinnati Newport & Covington LL&Tr.Co
Cincinnati Street Ry.—See Cincinnati Trac . 37
37
Cincinnati Traction Co _
Cincinnati & Westwood RR.—See Ind. & Cin.
61
Trac. Co
137
Circuit Terminal By
87
Cities Service Co
Citizens' Electric Co.—See Somerset Union &
75
Middlesex Lighting Co
75
Citizens' Elec. Light. Heat & Power
Electric Railway Light & Power Co.
Citizens'
See Mansfield Railway Light & Power Co _ 38
Citizens' El. St. Ry.—See New Hemp. El. Rys. 58
137
Citizens Lt. & Transit (Pine Bluff)
58
Citizens' Pass. Ry.—See Harrisburg Rys
Citizens Pass. By.. Norristown.—See Schuyl111
Val. Trac.
Citizens' Pass. Ry (Phila.)—See Union Trac_ 97
Citizens' By. & Lt. Co.—See Tri-City By.
56
& Light Co
Citizens Street Ry. (Indianapolis. Ind.)—see
60
Indianapolis Street Ry
Citizens' Street RR.—See Memphis Street Ry_ 70
Citizens' Street Railway (Muncie. Ind.)—See
8
Union Traction of Indiana
Citizens' Traction.—See Consol. Trac. System.103
92
Citizens Traction Co.. Oil City
112
City Electric Co. of Vincennes
City Electric By. (Port Huron, Mich.)—See
46
Detroit & Port Huron Shore Line
City Electric By. (Rome. Ga.)—See Rome
115
-- - - -Ry & Light Co
City & Elm Grove RR. Co.—See West Virginia
Traction & Electric Co-- -- - __ — -- ___ - __112
City Light & Trac. Co. (Sedalia, Mo.).—See
89
Cities Service Co
43
City Railway (Dayton. Ohio)
68
City Ry. of Los Ang.—See Los Ang. Ry. Co
City & Suburban.—See United Railways &
II
Electric Co. of Baltimore
City & SuburbenRy.--SeePort.Ry..Lt.es Pow 107
City & Suburban Ry.--See Wash. Ry.& Elec-129
137
City Island fly.(N. Y.)
103
Clairton Street Ry
Claremont(N. II.) By & Ltg. Co.—See East.
112
Power & Light Corporation
Cleveland Berea Elyria & Oberlin Ry.—See
$8
Cievelano Souttmestern & Columbus

[VOL. xclx.
Pass.
Cleveland & Chagrin Falls Ry.—See Cleve.
38
Youngstown et Eastern
38
Cleveland & Eastern Traction
37
Cleveland Electric Ry.—See Cleveland Ry
Cleveland Elyria & Western.—See Cleveland
38
Southwestern & Columbus By
52
Cleve. & Erie By. Co
137
Cleveland Interurban RR
38
Cieveland Painesville & Ashtabula RR
38
Cleve. Painesville & Eastern RR
37
Cleveland Railway Company
& Southwestern Traction Co--See
Cleveland
38
Cleve. Southwest & Col. Ry
38
Cleveland Southwestern & Columbus Ry
137
Cleveland Underground Rap. Tran. Co
137
Cleveland & Youngstown RR
38
Cleveland Youngstown & Eastern By
39
Clinton Street Fly
69
Coal Belt Electric Railway Co
Coal Castle Electric Ry.—See E. Penn. Rya_ _109
122
Coast Counties Gas & Elec. Co
Coast Counties Light & Power Co.—See Coast
122
Counties Gas & Flee
Coast Valley Gas es Elec. Co.—See The RRs.
121
- -- __ _
___
Devel. Co_
& Pow.
By.—See Spokane
Coeur d'Alene & Spokane _
125
& Inland Empire By
5
Cohoes Ry.—See United Traction Co
39
Colorado Springs & Interurban By
Springs Light. Heat & Power Co.—
Colorado
87
See United Gas & Electric
Colorado Springs Rapid Transit.—See Colo39
rado Springs 63 Interurban
Columbia(S. C.) Elec. St. By. Light & Power_
39
See Columbia By.. Gas & Electric
Columbia Ry.—See Wash. R. 63 Flee. Co_ _129
39
Columbia (S. C.) By.. Gas & Electric Co
Columbus Buckeye Lake & Newark Traction.
41
See Columbus Newark es Zanesville
41
Columbus Delaware & Marion Elec. RR
41
Columbus Delaware & Marion Ry
Columbus Edison Co.—See Col. Ry.,P.& Lt.
40
Co
39
Columbus (Ga.) Electric Co
Columbus Grove City 63 Southwestern Fly.— 40
Eastern__ ,
See Indiana Columbus es
40
Columbus Interurban Terminal Co
137
Columbus Kenton & Toledo Traction
40
Columbus Light. Heat & Power Co
Columbus London & Springfield Ry.—See In40
diana Columbus & Eastern
Columbus Magnetic Springs &Northern Pty.__ 43
42
Columbus Marion & Bucyrus By. Co
Columbus Mt. Vernon & Mansfield Traot.—See 42
Columb. New Albany & Johnstown Tract— 42
Columbus New Albany & Johnstown Trac. Co_ 41
Columbus Newark es Zanesville Electric By... 83
ltys_
Columbus & Ninth Ave. RR.—See N. Y.
Equipment.
Columbus Northern By.. Power &
Columbus Power Co
Co. 39
Columbus (Ga.) RR.—See Columbus Elec.
40
Lt.Co 40
Columbus Ry.—See Coium. Ry.,P.&
Columbus Ity. & Light
40
Power & Light Co
Columbus Railway.
0
47
Columbus Traction Co.—See Col. By. & Lt.Co.13
Columbus Urbana & Western By
Street Ry.—See MidCommonwealth Avenue
14
dlesex & Boston Street Ry
53
Commonwealth Pow.. By. & Lt. Co
Consumers'
Commonwealth Power Co.—See
54
Power Co
Compton Heights Union Depot & Merchants'
Terminal Ry.—See United Railways System 115
57
Concord Maynard & Hudson Street Ry
42
Concord Street By
22
Coney Island & Brooklyn RR
Coney Island & Gravesend.—See Bklyn. It. T_ 18
Lan. Co. Hy. 63 Lt_ 65
Conestoga Traction.—See
77
Connecticut Company
78
Conn,eticut Ry. &Ltg.
57
Connecticut Valley Street Railway
Connellsville Suburban Street Ry.—See West
104
Penn Railways Co
Conshohocken Ry.—see Schuylkill Valley......_ 112
104
Consolidated Gas Co.of Pittsburgh
77
Consolidated Railway Co.—See Conn. Co
Consolidated Railways Light & tower Co.
131
(Wilmington. N. C.)•
r
Consolidated Railway & Power Co.—See Utan
116
Light & Railway_
Cons.Secur.& Inv.Co.—See Den. Tram. Co.. 44
76
consolidated Traction of New Jersey
102
Consolidated Traction of Pittsburgh, Pa
Consumers' Elec. Lt. & Power Co. (New Or88
leans).—See United Gas et Electric Corp
54
Consumers' Power Co
Continental Passenger Ry.—See Union Trac._ 97
Corning h Painted Post Street By
42
Corpus Christi Street RR.& Int. By
Corrigan Cons. St. Ry.—See K. C. St. By. &137
lAght
82
Cortland County Traction
County Traction Co. (Chlcago)—See Chic. 42
& West Towns By
34
Creston Winterset & Des Moines
Crosstown St. By. (Buffalo)—See Inter. Tree. 24
Crosstown St.—See Columbus By. & Lt. Co
40
Cumberland County Power & Lt. Co_ d_ _106
_
Cumberland es Westernport Elec. o.—See
.
Cities Service Co
89

11,

42
Dallas Electric Corporation _
alias South. Trac. Co.—See Southern Trac. 42
43
Danbury (Conn.) & Bethel Street RY
Danville Champaign & Decatur Ry. es Lt. Co. 25
28
Danville & East. Ill. Ry
Danville & Northern—See Deny. St. Ry.&Lt. 27
28
Danville & Southeastern By
27
Danville (111.) Street By. es Light
137
Danville (Va.) Traction & Power Co
27
Danville Urbana 63 Champaign By
Darby Media & Chester Ity.—See Phila.Rap.Tr. 96
Darby & Yeadon St. Ry.—See Phila. R. T
97
43
Dayton Covington & Piqua Traction
Dayton 63 Northern Traction Co.—See Indiana
40
Columbus & Eastern
137
Dayton (0.) Power & Light Co
Dayton & Soldiers' Home RR.—See City By.. 43
Dayton Springfield & Urbana Elec. Ry.—See
40
Ind. Col. & East
43
Dayton Springfield & Xenia Southern
43
Dayton (0.) Street By. See City Ry
Dayton Traction—See Cin.Day. & Tol.Trao.Co 41
43
Dayton & Troy Electric
Dayton & West. Trac.—See Ind. Col. & East. 41
Decatur Gas & Elec.—See Decatur By. & Lt_ 27
27
Decatur Railway 63 Light Co
Decatur Trac. & Elec.—See Decatur Ry. & Lt. 27
137
Dedham (Mass.) & Franklin St. ItY
De Kalb-Sycamore Elec.—See Union Ry. Gas
53
& Elea
De Kalb Sycamore & Interurban Trac.—See
53
Union By. Gas & Elec.
137
Delta Light & Traction Co
Delaware County & Philadelphia Elect. Ry.__ 98
137
Demerara El. Co.. Ltd., Halifax

Page.
Denison & Sherman Ry.—See Texas Tree. Co_ 43
Denver City Tramway—See Deny. Tram.Co- 44
Denver Consol. Tram.—See Denver Tram. Co_ 44
44
Denver & inter-Mountain
44
Denver & Northwestern By
44
Denver Realty Co.—See Denver Tram. Co
44
Denver Tramway Co
Denver Tramway Pow. Co.—See Cen.Cy.Tram 44
Denver Tramway Terminals Co.—See Denver
44
Tramway Co
28
Des Moines & Central IowaElectric Co
44
Des Moines City By
44
Des Moines St. RR.—See Des M. City Ry
Des Moines Suburban Ry.—See Des M. City_ 44
Detroit Electric Ry.—See Detroit United Ry_ 46
46
Detroit & Flint—See Detroit United By
Detroit Fort Wayne & Belle Isle Ry.—See
46
Detroit United By
46
Detroit Jackson & Chicago
Clair Ry.—See Det. &
Detroit & Lake St.
46
Port Huron Shore Line By
._137
Detroit Lansing & Grand Rapids Elec. Ry.
Line Ry.__ 46
Detroit Monroe & Tol. Short
46
Detroit & Northw.—See Detroit United Ry
Detroit & Pontiac Ry.—See Detroit United 46
By
46
Detroit dc, Port Huron Shore Line (with map)
46
Detroit Ry.—See Detroit Electric By
Detroit Rochester Romeo & Lake Orlon—See
46
Detroit de Flint By
44
Detroit United By.(with map)
Detroit Ypsilanti Ann Arbor & Jackson Ry.—
46
Bee Det. Jackson & Chicago By
Dighton Somerset & Swansea St. Ry.—See
15
Globe St. By
137
Dixon Rock Falls & Southwestern By
133
Power & Trans. Co
Dominion
137
Dominion Trac. & Lighting Co., Ltd
Dover Gas Light Co.—See Twin State Gas 6:
17
Electric Co
Dover Somersworth & Rochester—See New
58
Hampshire Traction Co
Doylestown & Willow Grove Ry.—See Phila97
delphia Rapid Transit Co
D. D. E. B'dway & Bat.—See Third Ave. Sys 86
47
Du Bola Electric & Traction Co
Duluth St. Ry.—See Duluth Superior Tract.._ 47
47
Duluth-Superior Traction
Dunkirk & Fredonia RR.—See Buffalo & Lake
22
Erie Traetion Co
137
Dunnville Wellandport & Beamsv. El. Ry
103
Duquesne Light Co
Duquesne Traction.—See Consol. Traction_ 103

J

37
past Cleveland Ry.—See Cleveland RY
137
A-iastern New York RR
Eastern Pennsylvania Rya. Co.(with map) -.109
111
Eastern Power & Light Corporation
12
Eastern Texas Electdc Co
137
Eastern Texas Traction Co
50
Eastern Wisconsin By. & Light Co
East Jersey St.Ry.—See Public Service By... 76
47
East Liverpool Trac. & Light Go
East McKeesport St. Ry.—See United Trac _1o2
17
East Middlesex Street By
75
East Newark Gas Light
East Reading Elec. Ry.—See Reading Tract 111
49
East St. Louis & Suburban Co.(with map)
East Shore & Suburban Ry.—See San Fran.
91
Oakland Terminal Rys
East Side Elec. Ry.—See Kan. City By. & Lt.. 63
East Side Traction Co.—See N. Y. State Rys_113
Easton Consolidated Electric.—See Lehigh
6
Valley Transit Co
Easton Palmer & Bethlehem Elec. Ry.—See
6
Easton Consolidated Electric
Easton & South Beth Trans. Co.—See Easton
Consol. Elec. Co
6
Edison Electric of New Orleans—See N. 0.
Railway & Light Co
82
84
Eighth Ave. RR.—See New York Rys
24
Electric City Ry.—See internat. Trac. Co
Electric Properties Co.(N. Y)
137
97
Electric Traction (Phila.Pa.)—See Un. Trac
Elgin Aurora & Southern Traction—See Au30
rora Elgin & Chicago
Elizabeth Plainfield & Central Jersey—See
United Street By
77
Elizabeth & Raritan River Street Ry.—See
United Street By
76
Elizabeth & Trenton RR
74
Elizabethtown & Florin Street By
65
Elmira Corning & Waverly By
137
Elmira Water, Light & RR.
49
El Paso Electric Co
49
El Reno Interurban Ry.—See Oklahoma RY
92
Elwood Elect.—See Union Tract. of Ind
8
Elyria Grafton & Southern—See Cleveland
South Western & Columbus By
38
Elyria & Oberlin—See Clew. S. W. & Col
38
Empire Pass. Ry.—See Union Trot,. System
97
Empire United Railways, Inc.
126
Ephrata & Adamstown By
8.
Ephrata & Lebanon Street By
137
Erie Camb. Union & Corry Ry
137
Erie & Central Pennsylvania By
Erie Electric Motor Co.—See Buffalo & Lake337
Erie Traction Co
22
Erie Rapid Transit Co.—See Buffalo & Lake
22
_
Erie Traction Cc'__
Erie Traction—See North West Penn Ry
70
Escanaba (Mich.) Traction Co
49
Essex & Hudson Gas Co
75
Evanston By
$4
Evansville & East. Elec. Ry.—See Evansville
Rys.Co
50
Evansville Elec. Ry.—See Union By. G.& E. 53
Evansv. fiend. & Owensboro.—See Evansville Rys
50
53
Evansville Light Co,
—See Union Ry..G.dc E
Evansville & Mt. Ver. Elec. Ry.—See Evans.
50
villa Rye. Co.
Evansville & Princeton Traction Co.—See
Union By., Gas & Electric_
53
Evansville Pub. Serv. Co.—See Union By ,
----------------- 53
Gas & Electric..
Evansville Railways Co
50
Evansville & Southern Indiana Traction Co.—
See Union By., Gas & Electric -- --.....- — 53
Evansville Suburban & Newburgh By
50
Evansville Term. Ry.—See Evansville Rys.Co. 50
Everett By.& Electric Co.—See Puget Sound
Tract., Light & Power
123
Everett By., Light & Water Co.—See Puget
Sound Tract., Light & Power
123
Everett Water Co.—See Puget Sound Tract.,
Light & Power
123
Foir Haven & Westville RR.—See Conn Co..
airment & Clarksburg Tree.Co.—See Monon
gahela Valley Traction_
Fairmont & Mannington TractIon.—See
Monongahela Valley Traction_ ........
Fairmount Park & Haddington Pas Ry.-See Hestonville Mantua 63 Fairmount
Fairmount Park Transportation Co




139

INDEX TO RAILWAYS

SEPT., 1914.j

77
50
50
97
96

Pass
Fargo & Moorehead Street Ry. Co
50
Farmington Street Ry.—See Conn. Co
77
Fayetteville (N. C.) Light & Power Co
137
Federal Light & Traction Co
87
Federal Street & Pleasant Valley Ry.—See
United Traction System, Pittsburgh
102
Felicity & Bethel RR.—See CM. Georgetown
& Portsmouth
36
Ferries & Cliff House Ry.—See United RR. of
San Francisco
121
Findlay Street Ry.—See Toledo Bowling Green
& Southern Traction
128
Fishkill Electric By
50
Fitchburg & Leominster Street Ry
50
Flushing & College Point Elec. Ry.—See N. Y.
& Queens Co
87
Fonda Johnstown & Gloversville RR.—See
"Railroad and Industrial" Section.
Fond du Lae & Oshkosh Elec. Ry.—See Eastern Wisconsin By. & Light Co
50
Fond du Lac St. By. & Light.—See Eastern
Wisconsin By. & Light Co
50
Forest City Street Ry.—See Cleveland Ry_ __ _ 37
Fort Dodge Des Moines de Southern RR.—See
"Railroad and Industrial" Section.
Ft. George & Eleventh Ave.RR.—See N.Y.Rys 84
Fort Pitt Traction—See Consol. Trac.(Pitts.) _103
Fort Scott Gas & Electric Co
51
Ft. Scott & Nev. Lt., Ht., W.& P. Co
137
Fort Smith Light de Traction Co
51
Ft. Wayne Bluffton de Marion Traction Co.—
See Ft. Wayne & Nor. Ind. Trac _____ 51
Ft. Wayne & Northern Indiana Traction
51
Fort Wayne & Northwestern By
137
Fort Wayne & Springfield By. Co
43
Fort Wayne Traction Co.—See Ft. Wayne
& Northern Indiana Traction Co
51
Fort Wayne Van Wert dc Lima Trac. Co
41
Ft. Wayne & Wabash Valley Trac. Co.—See
Ft. Wayne & Northern Indiana Traction
51
Fort Worth Southern Trac.—See Nor, Tex, El. 51
Forty-second Street & Grand Street Ferry
RR.—See New York Rys
84
Forty-second St. Manhatv. & St.Nicholas Ave.
Ry.—See Third Avenue System
86
Framingham Southboro 63 Marlboro Street
Ry.—See Boston & Worcester Str. Ry
17
Framingham Union Street Ry.—See Boston &
Worcester Street Ry
17
Frankford & Southwark Passenger Ry.—See
Union Traction System
97
Frankford Taoony & Holmesburg By
99
Frederick Gas & El. Co.—See Hag.& Fred.RR 58
Frederick & Middletown RR.—See Hagerstown & Frederick RR _
58
Frederick RR.—See Hagerst.& Fred. RR
58
Freeport Railway & Light Co
51
Freepert By., Light & Power Co.—See Freeport By. & Light Co
51
Fresno City Ry.—See Fresno Traction Co
52
Fresno Hanford & Summit Lake Inter
137
Fresno Traction Co
52
Fresno Gas & Electric Light Co.—See Pacific
Gas & Electric Co
117
Front & 5th St. Ry.—See Unit.Trac.(Reading)111
Frontier Elec. Ry.—See Internat. Trac. Co_ 24
& Cumberland Elec. By.
Frostburg Eckhardt
—See Cumberland & Westernport
89
Fulton Elevated—See Brooklyn Rap. Tran--. 18
atneavIlle
Galesburg Railway & Power&
Electric Motor

Page.
77
Greenwich Tramway Co.—See Conn. Co
Groton & Stonington St. Ry.—See Norwich &
91
Westerly Traction Co
57
Gulfport & Mississippi Coast Traction Co
92
Guthrie St. Ry.—See Oklahoma By

nagerstown & Boonsboro Ry.—See flagon
58
town & Frederick RR
58
Hagerstown & Frederick RR
Hagerstown & Myersville Ry.—See Hagers58
town & Frederick RR
Hagerstown & Northern Ry.—See Hagerstown
58
& Frederick RR
58
Hagerstown Ry.—See flagons. & Fred. RR
13$
Halifax Electric Tram
22
Hamburg By.Co.—See Buff. & L. Erie Trac
Hamilton & Lindenwold El. Trans.—See Cin.
41
Dayton & Toledo Traction
Hammond Chicago Heights & Southern
137
Hammond Whiting & East Chic. By
31
Hampshire & Worcester Street Ry.—See
Ware & Brookfield St. By
131
Hanover .Is MeSherrystown St. By
58
Harrisburg Elec. Service Co.—See United Gas
& Elec. Corp
87
Harrisb.& Hummeist.—See Harrisburg Rye_ 58
88
Harrisburg Lt., & Pow
Harrisburg & Mechanicsburg Electric Ry.—
See Valley Railways Co
5
Harrisburg Railways
58
Hartford Manchester & Rockville Tramway
—See Connecticut Co
77
Hartford & Springfield St. By
127
Hartford Street Ry.—See Connecticut Co
77
Hattiesburg Trac. Co.—See Merid. Lt.& By.Co 89
Havana Electric By. (Cuba)—See Havana
Elec. By.. Lt. & Pow_ ____________
133
Havana Elec. By., Light & Pow. Co—_ __ _133
Haverhill & Amesbury Street Ry.—See New
Hampshire Elec. Rye_ _______ ______
59
Haverhill & Andover (see Bay State St. By.). 15
Haverhill Georget. & Danv.—See Bay State St. 15
Helena Light & Railway Co
59
Henderson Trac, Co.—See Evansville Rys
50
Herkimer tionawk Ilion & Frank. Elec. By.
—See N. Y. State Rys
113
Hestonville Mantua & Fairmount Pass. By.
—See Union Traction
97
Hooking-Sunday Creek Traction
137
Holyoke Street By
59
Honolulu Rapid Transit & Land Co133
Hoosao Valley Street Railway—See Berkshire
St. Ry
79
Hcosick FallsRR.—See Berkshire St. 119
79
Hot Springs St. Ry.—See Cent. Ark. Ry.& Lt. 87
Houghton County Street Ry. (Mich.)—See
Houghton County Traction Co
59
Houghton County Traction Co
59
Houston Elect Co.—See Galv.-Hous. Elec. Co_ 52
Houston Gas& Fuel Co —See United Gas &
E
88
Houston Ltg. & Pow. Co.(1905)—See American Cities Co
83
Hudson River & Eastern Traction Co
93
Hudson River Traction Co.—See N.J. &Hudson River Ry. & Ferry Co
77
Hudson County Gas Co
75
Hudson Valley Ry.—See United Traction Co_ 5
Humboldt Transit Co. (Eureka. Cal.)
50
Hunt & Chad. RR—See Oblo Valley Elea Ry.Co 96
52 Huntington RR.—See L. I. Cons. Elec. Cos
67

Power—See
Galesburg Gas & El. Co.—See Gales.Ry.&Lt,Co 28
Galesburg & Kewanee Electric Ry
63
Galesburg Railway, Lighting & Power Co
30
Galesburg By. & Light Co_
28
Galveston Elec.Co.—See Galv.-Hous. El. Co_ 52
Galveston-Houston Electric Co
___ .- _ _ . 52
Galveston-Houston Elec. Ry.—See GalvestonHouston Elec. Co
52
Gardner Westminster & Fitchburg St. Ry.—
57
See Northern Massachusetts Street By
Gary Connect. Rys.—See Gary & InterunRR_ 52
52
Gary & Interurban RR
Gary & Interurban Ry.—See Gary & Int. RR_ 52
78
Gas & Electric Co. of Bergen County
Gas Light Co. of New Brunswick—See New
75
Brunswick Light, Heat & Power
137
Geary St. Park & Ocean RR
89
General Gas & Electric Co
52
Geneva Seneca Falls & Auburn
Georgetown & Lexington Traction Co.—See
Kentucky Trac. & Term
66
Georgetown Rowley & Ipswich—See Bay State
Street Ry
15
Georgetown & Tenallytown Ry.—See Wash.
By. & Elec
129
Georgia-Carolina Invest. Co.—See Augusta.
Aiken By. & Elec. Corp
10
Georgia-Carolina Power Co.
-See Aug.
-Aiken
By. & Elec. Corp
10
Georgia Elec. Light Co.—See Ga. By. & El
10
Georgia Lt., Pow. & Rys
69
Georgia By. & Electric Co
10
Georgia By. & Power Co. (with marl)
10
Germantown Pass. Ry.—See Union Trac. Sys 98
Glen's Falls Sandy Hill & Ft. Edward Street
RR.—See Hudson Valley By
5
Globe Street Ry.—See Bay State By
15
Gloucester Essex & Beverly—See Bay State
15
Gloucester & Rockport—See Bay State
15
Gloucester St. Ry.—See Bay State Street
15
Goil's Falls Litch. & Ilud.—See Man. Trac.
Lt & Power
69
Gogeble & Iron Counties By. & Light—See
Ironwood & Bessemer By. & Lt
61
Goldsboro (N. 0.) Traction Co
137
Goshen South Bend & Chic. RR.—See Gary
& Interurban RR
52
Grand Rapids Gd. Haven & Muskegon By.. 56
Grand Rapids Holland & Chic. RV
56
Grand Rapids Holland & Lake Michigan By.
—See Gr. Rapids Holland & Chicago By-. 56
Grand Rapids
-Muskegon Power Co.—See Consumers' Power Co
54
Grand Rapids By
54
Grays Harbor By. & Light Co.—See Federal
Light & Traction Co
87
Great Falls & Old Dominion RR.Co
130
Green Bay Gas & Elect. Co.—See Wise. Pub.
Serv. Co
57
Green Bay Trac. Co.—See Wisc.Pub.Serv. Co. 57
Greene & Coates Ste. Philadelphia Passenger
Ry.—See Union Traction System
97
Greenfield Deerfield & Northampton St. By.
—Conn. Valley St. By
57
Greenfield & Turner's Falls St. Ry.—See •
Conn. Valley St. By
57
Greenp. & Lorimer St.—See Skin. Rap.'Fran 18
Greensboro Electric Co.—See North Car. Public Service Co
57
Greenv. Spartanburg & Anderson Ry.—See
Piedmont & Northern By
30
Greenville (S. C.) Traction Co
57
Greenwich & Schuyiersrlie Elise. RR.—See
Hudson Valley By
5

daho By. Lt. & Pow. Co_
_________ 13
daho-Washington Light & Power Co—See
The Wash. Water Power Co. system
125
Illinois Central Traction Co.
27
Illinois Traction Co.(with map)
25
Illinois Valley Gas do Electrio—See Railway &
Industrial Section.
Illinois Valley By. Co.—See Chicago Ottawa
& Peoria
28
Independence Neodesha & Topeka By
137
Indiana Columbus & Eastern Traction Co_ _
40
Indiana Northern Traction Co.—See Union
Traction Co. of Ind.
8
Indiana Rys.& Light(Kokomo)
64
Indiana Ry.—See Chicago South Bend &
Northern Indiana By
_ _ -125
Indiana Union Traction Co.—See Union Trac.
Co. of Indiana__
Indianapolis Chic. & Meridian By
137
61
Indianapolis & Cincinnati Traction Co
Indianapolis Coal Tree. Co.—See Terre Haute
59
Ind. & East
Indianapolis Columbus & South. Trac. Co— 40
Indlanap. Crawfordsv. de Danv. Elec. Ry.—
60
See Terre Haute Ind. & East. Co
Indianapolis Crawfordsville & West. Trac. Co_
See Indianan. Crawfordsv.& Danville Elec.Ry60
Indianapolis & Eastern By. Co.—See Terre
59
Haute Ind. & East
Indianapolis & Greenfield Rapid Transit—See
59
Terre Haute Indlanap. & Eastern By
68
Indianapolis & Louisville Trac. By
Indianapolis de Louisville Traction Co.—See
68
Indianapolis & Louisville Trac.Ry ______
Indianapolis & Martinsville Rapid Transit Co_ 60
Indianapolis Newcastle & Eastern Trac. Co... 8
Indlanap. Newcastle & Toledo El. Ry.—See
Ind. Newc. & East. Trac. Co
Indianapolis Northern Traction Co.—See
..........8
Union Traction Co. of Intl..
Indianapolis & Northwestern Traction Co. 60
Ind. Shelbyy'lle & Southeastern Traction Co.
—See Ind. de Cin. Traction Co
61
Indianapolis & Southeastern Traction Co.—
See Ind. & Cin. Traction
61
Indianapolis Street By
60
Indianapolis Traction & Terminal Co.__.
60
Indianapolis & Western Traction Co.—See
Terre Haute 2nd. & East. Traction
59
Inter-Mountain Ry.—See Denver & Inter- •
Mountain RR
44
International Ry.—See Inter. Traction Co
24
Internat. Traction Co.(Buffalo)(with map).__ 24
Internet Trac Rys See Int. Trac. Co
24
International Transit Co.(Sault Ste. Marte)__ _137
Inter-State Consolidated Street By
90
Inter-State Public Service..................137
Inter-State Railways Co
97
Inter-Urban By. (Dee Moines)
44
Interurban Ry. & Terminal Co
37
Iowa & Illinois By. Co
57
Iowa Railway dc Light Co
Ironwood & Bessemer By. & Lt
RI
Irwin-Herminie Traction Co
137
Ithaca Traction Corp
61
Consolidated Traction Co.—See Mich
United R98
Jackson & Battle Creek Traction 00.—See 53
Michigan United RS'S
Jackson (Miss.) Light & Traction .
Co
53
61
Jackson (Tenn.) By. & Light C.
Jacksonville I Fla.) Elec. Co.—See Jacksonv. 61
Traction Co
61

J
to

[VOL. xcxx.

INDEX TO RAILWAYS

140
Page.
61
Jacksonville (Fla.) Traction Co
Jacksonville Gas, Light & Coke Co.—See
27
Jacksonville By. & Light Co
27
Jacksonville Ry. & Light Co
62
Street By
Jamestown
137
Jamestown Westfield & Northwestern RR
Janesville (Wis.) Traction Co.—See Union Ry..
53
Gas & Electric
30
Jefferson City Light, Heat & Power
63
Central Traction Co
Jersey
Jersey City & Bergen RR.—See Cons. Tree.Co 78
Jersey City Harrison & Kearney By. Co.—
76
See Consolidated Traction of New Jersey_
Jersey City Bob. & Pat.—See Pub. Serv. By... 76
82
Johnstown Pass. Ry.—See Johnstown Tree
62
Johnstown Traction Co
Joliet Plainfield & Aurora RR.—See Joliet &
62
Southern Trac. Co
Joliet RR.—See Chicago & Joliet Electric By.. 95
62
Joliet & Southern Trac. Co
99
Joplin & Pittsburgh By. Co
96
anawha Valley Traction Co
137
ankakee Urbana Traction Co
63
Kansas City, Clay County & St. Joseph
62
Kansas City Elev. Ry.—See K C.Ry.& Lt
Kansas City-Leavenworth RR —See Kansas
63
City-Western Ry
Kansas City Outer Belt & Elec. Ry.—See
"Railway & Industrial" Section.
62
Kansas City Railway & Light Co
62
Kansas City Railways Co
Kans. City & Westport Belt Ry.—See Kan.
62
City fly. & Light
63
Kansas City-Western Ry
Kenosha Elec. Ry.—See Wisc. Gas& Elec. Co. 71
66
Kentucky Securities Corporation
Kentucky Trao. & Term. Co.—See Kentucky
66
Securities Corporation
137
Kentucky Utilities Co
Keokuk (Iowa) Electric Co.—See Cent. Miss.
63
Valley Electric Properties Co
64
Key West Electric Co.
86
Kingsbridge Ry.—See Third Ave By
21
Kings Co. Elevated—See N. Y. Cense'. RR
Kings Co. Traction—See Nassau Electric..... 21
Kingston City RR.—See Kingston Cons. By.. 64
64
Kingston Consolidated RR
Kittanning & Ford City—See West Penn Trite 104
64
Knoxville Ry. & Light Co
Knoxvile Traction—See Knox. Ry.&Lt. Co- 64
Kokomo Marion & Western Traction Co.—See
64
Indiana Rys. & Light
Kutztown & Fleetwood Street Ry.—see
6
Allentown & Reading
I ackawanna Vail. Trac.—See Scranton By.... 95
Al acka. & Wyo. Vail. Rap. Tr. Co.—See
122
Scranton & Wilkes-Barre Trac
84
Laconia Street Fly
Ry.—See Wisc. By.& Lt. Co__ 64
Lacrosse City
La Crosse Gas & Elec. Co.—See Wis.-Minn.
64
Light & Power Co
Lafayette & Logansport Traction—See Ft.
Si
Wayne & Nor. Ind. Trao
Lafayette Street Ry.—See Ft. Wayne &
51
Northern Indiana Traction Co
65
Lake Charles Ry. Light & Water Works
Lake Erie Bowling Green & Napoleon Ry....... 17
Lake Erie Trac. Co.—See Buff. & L. Erie Trac. 22
137
Lake Erie & Northern By
137
Lake Erie & Youngstown
Lake Roland Elevated—See United By.. &
11
Electric Co. of Baltimore
Lake Shore Electric (Cleveland) (with map). 38
Ry.. Mahanoy City, Pa.—See
Lakeside
53
Schuylkill Traction
Lake Street Elevated RR.—See Chicago &
36
Oak Park Elevated By
Lake View L. & Impt.Co.—See Canton-Akron
5
Cons, Ry
Lake View Trac. Co.—See Memphis St. Ry_.. 70
--See Lan.Co. By. & Lt.Co 65
Lancaster City RR.
65
Lancaster & Columbia
65
Lancaster County Ry. & Lt. Co.
65
Lancaster & Eastern By
Lancaster Gas Light & Fuel Co.—See Lan65
caster County Ry. & Light Co
05
Lancaster Mechanicsburg & New Holland
65
Lancaster Petersburg & Manheim
65
Lancaster & Quarryville Street Ry
65
Lancaster & Rocky Springs Ry
Lancaster Trim Co.—See Lane. Co. By. & Lt_ 65
65
Lancaster Willow St. Lam. & Stras. Ry
65
Lancaster & York Furnace Street Ry
Lansing &Jackson Ry. Co.—See Mich.Lin.Rys 53
La Porte & Mich. City Ry.—See Nor.Ind. Ry.125
87
Las Vegas Transit Co.—See Fed. Lt. & Tr_
15
Lawrence & Reading—See Bay State St. Ry
Lebanon Valley St. Ry.—See Reading Trans.
112
& Light Co
59
Lehigh Traction
6
Lehigh Val. Trac.—See Lehigh Val. Tram Co_ 6
Lehigh Valley Transit Co.(with map)
Leominster & Clinton St. Ry.—See Worcester
82
Cons. St. Fly
Leominster Shirley & Ayer St. Ry.—See 50
& Leominster Street Fly
Fitchburg
Lewisburg Milton & Watsontown Passenger fly 71
Lewiston 61 Auburn RR.—See Lewiston
106
Augusta & Waterville
106
Lewiston Augusta & Waterville St. By

Pat?-.
Lewiston Brunswick & Bath St. Ry.—See
106
Lewist. Aug. & Watery. St. By
24
Lewiston Connecting Bridge.—See int. Traci
90
Lewiston & Youngstown Frontier By.
65
Lewistown & Reedsville Elec. By
Lexington Avenue & Pavonia Ferry Ry.—
See New York Rys
83
Lexington & Boston St. Ry.—See Middlesex
14
& BostonLexington & Interurban Rys.—See Kentucky
66
Securities Corporation
Lexington Ry.—See Kentucky Trao. & Term_ 66
Lexington Utilities Co.—See Ky.&cur. Corp.. 66
41
Lima Electric Ry. & Light
Lima Findlay &Toledo—See Western Ohio By.66
Lima-Honeoye Electric Light & RR
137
Lima & Toledo Trao. Co.—See Ohio Elec. By,. 40
137
Lima Urban
137
Lincoln (III.) By.& Lt. Co
Lincoln (Neb.) Traction
66
Lindell Ry.—See United Railways Co
115
Linglestown & Blue Mtn.—See Harrisburg Rys 58
Little Falls (N. Y.) & Johnstown RR-- -.... 137
Little Rock Railway & Electric Co
66
Lockport & Olcott—See Internat. Traction
24
Logan Rap. Tran. Co.—See Ogden Logan &
Idaho RR
116
Lombard & South Street Passenger Ry.—
See Frankford & Southwark Passenger By.. 97
Lonaconing Midland & Frostburg Ry.—See
89
Cumberland & Westernport
London & Lake Erie By. & Transportation..
.133
London (Canada) Street By
133
Long Island Copilot. Electrical Cos
67
67
Long Island Electric By
18
Long Island Trac.—See Brooklyn Rap. Tr
Lookout Mtn. Ry.—See Chatt. Ry. & Lt. Co_ 73
Lorain&Cleveland RR.—See Lake Shore Elec _ 39
39
Lorain St RR.—See Lake Shore Elec. By
137
Laramie & Minster Electric RR
Los Angeles Hermosa Beach & Redondo—See
67
Pac. Elec. Ry -- -------- -- -- ------ __ __
Los Angeles Interurban Ry.—See Pac. El. By.. 67
67
Los Angeles Pacific Co.—See Pao. Elec. Ry_
Los Angeles Pao. RR.—See Pam. Elec. By..._ 67
Los Angeles & Pasadena Elec. Ry.—See pa67
cific Electric Ry
Los Angeles Ry.—See Los Angeles By.Co-- - 68
68
Los Angeles Ry. Co
Los Angeles & Redondo Ry.—See Pao. El. By.. 67
68
Los Angeles Trao.—See Los Ang. By.Co
Louisville & Eastern RR.—See Louisv.'Jr. Co. 55
Louisville & Interurban Ry.—See Louis68
ville Traction Co
68
Louisville & Nor. Ry. & Ltg. Co
Louisville Ry.—See Louisville Traction Corp- 68
Louisville & Southern Indiana Traction Corp.. 68
68
Louisville Traction Co
69
Lowell & Fitchburg Street By
Lowell Lawrence & Haver.—See Bay State St_ 15
37
Low Fare Ry.—See Cleveland Ry
95
Lynchburg Tree. & Light.—See Amer. Rye
Lynn & Boston RR.—See Bay State St. Ry_ 15
liNacon Electric Light & Ry.—See Macon
TI By. & Light Co
69
Macon Gas Co
69
69
Macon Railway & Light Co
28
Madison County Light & Power Co
Madison & Interurban Trao. Co.—See South.
69
Wisconsin Fly. Co
137
Madison Light & By. Co
MahonIng & Shenango Ry. & Light Co.—See
131
Republio By. & Lt. Co. (with map)
Mahoning Val. S. E.—See Rep. By. & Lt...131
Manchester & Derry St. Ry.—See Man. Trite.
69
Light do Power
Manchester Street Ry.—See Manchester Tree
69
Light & Power
69
Manchester Traction Light & Power Co
22
Manhattan Bridge (N. Y.) 3-Cent Fare Line
Manhattan & Queen (Traction Corporatict ... 67
Manhattan Ry.—See "Railway de
Industrial" Section.
133
Manila Electric RR. & Lighting Corp
134
Manila Suburban Rye
.
Manistee Lt.& Traction—See Manistee By.... 56
56
Manistee By
38
Mansfield Railway Light & Power Co ....
Marion Bluffton & East. Trac. Co.—See
13
Marion & Bluffton Traction Co
13
Marion &Bluffton Traction Co
8
Marion City Ity.—See (in. fr. of lnd
42
Harlon Railway Light & Power Co
42
Marlon & Suburban By. Co
42
Marlon & Western By. Lt. & Pow. Co
Market St. El. Pass. Ry.—See Phila. Rap. Tr. 96
Market St. Ry.—See United RR.of San Fran_121
Marlboro & Westboro Street "W.—See Wor82
cester Consolidated Street fly
61
Marquette County Gas & Electric Co
30
Marseilles Water & Light Co
Marshalltown (Iowa) Lt., Pow. & Ry.—See
25
Iowa Ry. & Light Co
12
...
Maryland Electric Rys
Marysville-Colusa Branch—See Nor. Electric
121
fly
56
Mason City & Clear Lake RR
57
Massachusetts Consolidated Rys
Massachusetts Electric Companies (with map). 15
Mass. Northeastern St. Ry.—See New Hemp.
58
Elec. five

Pace
Mass. North. Rys.—See Mass. Consolidated__ 57
Mattoon City Ry.Co.—See Cent. III. P. S. Co.. 70
Maumee Valley Railways & Light Co.—See
Toledo Tract. Lt. & Po
89
Meadville & Conneaut Lake Traction.—See
North Western Pennsylvania Ry
70
Meadville (Pa.) Trao.—See Northw.Penn. Ry- 70
Medfield & Medway St. By
137
Media Glen Riddle & Rockdale—See United
Power & Transportation
97
Memphis Street Rv
70
Menominee & Marinette Lt.& Trac.Co
137
Mercer Co. Traction—See Trenton St. Ry
98
Merchants' Electric Light Co.—See New Orleans Railway Co
82
Meriden Horse RR.—See Conn. Co
77
Meriden Southington & Compounoe Tram.—
77
See Connecticut Co
Meridian Light & By. Co.—See Cities Service
89
Co
Mesaba Electric fly,..70
70
Mesaba Ry.—See Mesaba El. By
83
Met. Crosstown RR.—See New York Rys_
Metropolitan Elec.—See United Tr. of Reading Ill
Metropolitan RR.—See Wash. By. & Elec__ _129
Metropolitan St. Ry.—See Kansas City Ry. &
62
Light Co
Metropolitan St. By.(N. Y.)—See N.Y.Rys_ 83
34
Metropolitan West Side Elev. By.(Chicago)
137
Mexican Light & Power, Ltd
137
Mexico Santa Fe & Perry Traction
137
Mexico Tramways Co
Miamisburg & Germantown—See Cin. Day41
ton & Toledo.
Mich.& Chicago Ry.—See Corn.Pow.,Ry.&L. 53
Michigan City Traction Co.—See Chicago Sou.
125
Bend & Northern Indiana
54
Michigan Light Co
53
Michigan Railway Co
Michigan Rys.—See Commonw.P., By.& Lt_ 53
Michigan Traction—See Mich. United Rye
53
Michigan United Rys. Co.—See Mich. Un. Tr.. 53
Michigan United Trac.—See Michigan By,.
53
Mid-Crosstowri Ry. Co
87
Middleb. Wareham & Buzzard's Bay St. Ry.—
See New Bedford & Onset St. By,
77
Middlesex & Boston Street By
14
Middlesex Elec. Light & Power Co
75
Middlesex & Somerset Trac.—See Pub. Serv.
Ry
78
Middletown (Conn.) St. By, —See Conn. Co
77
Middle West Utilities Co.—See "Ry.& Ind."
Section.
Milford Attleborough & Woonsocket St. Ry.—
See N. E. Invest. & Sec
82
Milford Holliston & Framingham St. Ry.—
See Milford & Uxbridge Street By
70
Milford & Uxbridge Street By
70
Miller's River Street By
57
Milivale Etna & Sharpsburg Street Ry.—See
Allegheny Traction
103
Millvil e Traction
71
Milwaukee Electric Ry. & Light
71
Milwaukee Light. Heat .k. Trao
71
Milwaukee Northern By
25
Milwaukee St. Ry.—See Milw. Elec. Ry.& Lt 71
Milwaukee Western Electric By
137
Mineral Wells Electric Co
137
Minneapolis & St. P. Sub.—See Twin O.R.T. 72
Minneapolis St. Ry.—See Twin City Rao. Tr_ 72
Minn. St. Paul Reich. & Dubuque Elec. Tree_ 73
137
Minnesota Central By
137
Miss. Valley Interurban By
63
Missouri & Kansas Interurban Ry
116
Missouri Electric RR
137
Missouri Water, Light & Traction Co
72
Mobile Light & RR
Mobile St. RR.—See Mobile Light & RR___. _ 72
66
Monmouth County Electric
103
Monongahela Street Railway
5n
Monongahela Valley Traction Co__ ......
'37
Monterey (Mex.) Railway. Light & Power__.
Montgomery Co. Pass.fly.—See Schuyl. V.Tr.1 ii
. 72
Montgomery Light & Trao. Co
137
Montgomery Rapid Transit
Montgomery (Pa.) Traction Co.—See Lehigh
7
Valley Transit
Montgomery St. Ry.—See Mont. (Ala.) Lt. &
Trao. Co
72
Montgomery (Ala.) Tree. Co.—See Montgomery Light & Trao. Co
72
Montpelier & Barre Light & Power
12
Montreal Street Ry.—See Mont. Tramways_ 134
Tramways Co
Montreal
134
Montreal Tramways & Power—See Montreal
Tramways
11
Montville St. Ry.—See Conn. Co
77
Montoursville Pam By
72
Morgantown & Wheeling By
137
Morningside El. St. Ry.—See Coml, Tree...103
Morris County Traction Co
72
Morris RR
137
Morristown Gas Light Co
75
Mt. Hood Ry. as Power—See Port. Ry.. Lt.
& Power Co
107
Mt. Oliver Incline Plane Ry.—See P. & B.
Traction system
_.... 102
Mt. Washington Street Ry.—see
-Fitts Rwys.1 n2
Mousam River RR.—See AU,Shore By. ---116
Muncie Hartford & Ft. Warne Trao, Co.—See
Union Traction Co. of Inda
Muncie & Portland Traction Co
106

SANDERSON & PORTER
ENGINEERS AND CONTRACTORS
REPORTS ° DESIGNS 0 CONSTRUCTION °MANAGEMENT
HYDRO-ELECTRIC DEVELOPMENTS
RAILWAY, LIGHT
NEW YORK



AND

POWER PROPERTIES
SAN FRANCISCO

SEPT., 1914.

INDEX TO RAILWAYS

Page.
Muncie & Union City Traction Co.—See
8
Union Traction Co. of Ind_
73
Muskegon Traction & Lighting Co
73
Muskogee Electric Traction
15
Mystic Val. St. Ry.—See Bay State St. Ry
79
arrfsgansett Pier
Nalhus. Street By RR.—See Rhode Island Co. 17
Nashville & Edgefleld RR.—See Nashv. By.
73
& Light Co
74
Nashville-Gallatin Inter. By-- -- -- ---73
Nashville By. & Light Co
Nashville Street Ry.—See Nasbv. By. & Lt.Co.73
74
Nashville Traction
21
Nassau Electric RR..
Natchez Electric St. By. & Power Co.—See
74
Southern By. & Light
Natick Is Cochituate Street Ry.—See Middle15
sex & Boston Street By
134
Netherlands Tramway Corporation
United Trac.
Neversink Mountain Ry.—See
111
(Reading)
New Albany St. Ry.—See Louis. & So.Ind.Tr 68
75
Newark Cons. Gas Co
76
Newark Pass. Ry.—See Consol. Tree. Co
Plank Road.—See Consol. Trac. of N J 76
Newark
77
New Bedford & Onset Street By
New Bedford Middleb. & Brockton—See Old
15
Colony St. By
75
New Brunswick Lt. Heat & Power Co
90
Newburg Elec. Ry.—See Orange Co. Trac_
Newburg Is Orange Lake RR.—See Orange
90
County Traction
New Castle & Delaware City Trac.—See Wil131
mington New Castle Is Del. City.- __ __
New Castle Electric Co.—See Republic By, &
131
Light Co
New Castle Traction—See Republic By. &
131
Light Co
79
New England Inv. & Security Co
58
New Hampshire Electric Railways
77
New Haven & Centr. St. Ry.—See Conn. Co
77
New Haven Street Ry.—See Conn. Co
65
New Holland Blue Ball & Terre HU'St. Ry
New Jersey & Hudson River B. Is Ferry—
77
See Public Service By
128
New Jersey Is Pennsylvania Traction
New Jersey Traction—See Con. Trac. Sys- - - - 76
New London & East Lyme St. Ry.—See Shore
78
Line Electric By
New London Street Ry.—See Shore Line
78
Electric By
New Orleans & Carrollton RR. Light Is Power
82
Co.—See New Orleans By
82
New Orleans City RR.—See New Or. Ry._
82
Orl. City & Lake RR.—See N.0. Ry
New
New Orleans Gas Light Co.—See New Orleans
82
Railway Is Light
New Orleans & Grand Isle Traction, Lt. &
137
Power
New Orleans & Pont. RR.—See New Orleans
82
Railway & Light
82
New Orleans Ry. & Light CoOrleans Traction Co.—See New Orleans
New
82
Railway & Light
Newport Is Dayton Street Ry.—See Cincinnat
42
Newport & Covington
17
Newport Illum.—See Newport & Fall River
Newport St. Ry.—See Newport Is Fall River_ 17
17
Newport & Fall River Street Bo__ __
Newport News & Hampton By. Gas & El. Co.. 58
Newport News & Old Point By. & Elec.—See
Newport News & Hamp.By. Gas & Elec.Co.58
90
Newport & Providence Ry
Newtown Ry.—See N. Y. & Queens Co. RI _ _ 67
Newtown & Yardley St. Ry.—See Bucks
County Interurban By
90

Page.
New Williamsburg & Flatbusb RR.—See
Brooklyn Rapid Transit
18
New York City Interborough By.Co
86
New York Consolidated RR
21
N. Y. & Harlem RR.—See New York Rys
84
N. Y. & Long Island Traction
67
New York Municipal Corporation
21
New York New Haven & Hartford By
77
New York & North Jersey Rapid Transit ___ 137
N. Y. ec North Shore Ry.—See Long Island
Electric By
67
N. Y. & North Shore Traction (Roslyn)
115
New York & Port Chester Ry.—See New York
Westchester & Boston
79
New York & Queens County By., L. I. City_
67
New York Railways
83
New York State Railways (with map)
113
New York & Stamford By
79
New York Westchester & Boston By
79
N. Y. Westchester & Conn. Trac. Co
137
Niagara ec Erie Power.—See Bull. Is L. E Tr _ 22
.
Niagara Falls Pk. & River—See Int. Trac
24
Niagara Falls & Suspension Bridge Ry.—See
International Traction
24
Niagara Falls Whirlpool & Northern Ry.—See
International Traction
24
Niagara Gorge By.(Electric)
90
Niagara St. Catherinee & Toronto By
134
Nichols Electric Light & Power
75
Ninth Avenue RR.—See New York Rys
84
Norfolk & Atlantic Terminal—See Va. fly. &
Pow. Co
112
Norfolk & Bristol Street By
125
Norfolk City RR.—See Nor. Ry. & Lgt. Co I12
Norfolk Cen. St. Ry.—See W. Box. & Roslindale St. Ry
15
Norfolk & Portsmouth Trac. Co.—See Va. By.
& Pow. Co
112
Norfolk (Va.) R.& Light
112
Norfolk Street RR.—See Norf. By. & Lt. Co112
Norfolk Sub. RR.—See W.Box. & Roslin. By. 15
Norristown Pam. Ry.—See Schuylkill Valley
Traction
111
Northampton Street By
90
Northampton & Amherst St. Ry.—See Connecticut Valley St. By
57
Northampton Easton & Washington Traction.
—See Northampton Traction Co
49
Northampton Traction Co. (Easton, Pa.)
49
Northern Cambria Street Ry
93
North Carolina Public Service Co
57
North Hudson County Ry.—See Public Ser.
By
76
North Jersey St. Ry.—See Public Service By 76
,
North River Ry.—See Hudson Valley Ry
5
Northern Electric Co.—See Nor, Elec. By.. _121
Northern Electric By.(Cal.)
121
Northern Electric By. (Scranton)
137
Northern Illinois Electric By
137
Northern Illinois Light & Traction Co
30
Northern Indiana Ry.—See Chicago South
Bend & Northern Indiana By
125
Northern Massachusetts Street By
57
Northern Texas Electric Co
51
Northern Texas Trac.—See Nor. Texas Elec__ 51
Northern Ohio Trao. & Light Co. (with map).. 5
Northern Ohio Traction.—See Northern Ohio
Traction & Light Co
5
Northumberland Co. (Pa.) By. & Light
137
Northwestern Elevated (Chicago)
34
Northwestern Ohio By. & Pow. Co —See
General Gas & Electric Co
90
Northwestern Pennsylvania By
70
Norwalk Gas & Electric Co —See Cleveland &
Southwestern & Coiumhus
38
Norwich Street Ry.—See Shore Line Elec. Ry_ 78
Norwlek & Westerly Traction Co
91

141
Page.
91
Is Eastern
akiand Gas Light & Heat Co.—See California Gas & Electric Corporation
117
Oakland Hallways—See United Properties Co_122
Oakland San Leandro & Haywards Electric.—
See San Fran.
91
-Oakland Terminal By
Oakland Term. Co.—See Oakland Rys
91
Oakland Traction Co.—See San Fran.
-Oak.
Term Rys
91
Oakland Traction Consolidated—See Oakland
Traction Co
91
Oakwood Street Ry. Co
43
Ocean Electric Ry
67
Ogden Logan & Idaho RR
116
Ogden Rap. Tran. Co.—See Ogden Logan
& Idaho RR
116
Ohio Central Traction—See Cleveland Southwestern & Columbus By
38
Ohio Electric Railway
40
Ohio River Electric Railway & Power
106
Ohio River Passenger Ry
49
Ohio Traction Co
37
Ohio Valley Elec. Ry.—See American Rys
94
Oklahoma Electric Term'l Co.—See Okla. Ry_ 92
Oklahoma Railway Co
92
Old Colony St. Ry.—See Bay State St. Ry
15
Olean Rock City & Bradford Ry.—See Western New York & Pennsylvania Traction _ _ _.. 92
Olean St. Ry.—See West. N.Y. & Penn. Trac. 92
Oley Valley Ry.—See United Traction Co_ 111
Omaha & Council Bluffs By. & Bridge
92
Omaha & Council Bluffs Street Ry
92
Omaha Council Bluffs & Suburban Ry.—See
Omaha & Council Bluffs By. & Bridge Co
92
Omaha & Lincoln By.& Lt. Co
92
Omaha Lincoln & Beatrice Railway Co
66
Omnibus Cable Rv.—See United RRs.of S. IP_121
Oneida Railway 0o.—See N. Y. State Rys
113
Oneonta dc Mohawk Val. RR.—See Otsego &
Herkimer
93
Ontario Lt. & Trao.—See N. Y.State Rys_113
Orange County Traction Co
90
Orange & Passaic Valley By
76
Oregon Electric By
107
Orleans RR.—See New Orleans By
82
Otsego & Herkimer
93
Ottawa (Canada) Electric By
134
Ottumwa Railway & Light Co
93
Ottumwa Traction & Light Co.—See Ottumwa
Railway & Light Co
93
Owensboro City ER.—See Evansville Rys_
50

Oakland Antioch

Coast Power—See Puget Sound Trac.,
Light & Power _
123
Pacific Electric By.
67
Pacific Gas dc Electric Co.(with map)
117
Pacific Northwest Traction Co.—See Puget
Sound Tract. Lt. & Pow.Co
123
Pacific Traction Co.—See Pacific Sound Tract.
.
Light& Power
123
Paducah City By. Co.—See Paducah Traction
& Light Co
93
Paducah Street Ry.—See Pad. Trac.& Lt.Co_ 93
Paducah Traction & Light Co
93
Pan Handle Trac. Co.—See Wheeling Trao 106
Parkersburg Marietta Is Interurban By
93
Parkersburg (W. Va.) Is Ohio Valley Electrio_137
Park & Ocean RR.—See United Railroads of
San Francisco
121
Parkside Elec Ry.—See San Fran. Elec. Rys_119
Pasadena Is Mt. Lowe Ry.—See Pac. El. By.._ 67
Pasadena Rapid Transit
137
Pascagoula Street By. Is Power Co
93
Passaic de Newark El. Tr.—See Cons. Tract. Co. 76
Passenger Is Belt Ry.—See By.Trac. Is Term_ 66
Paterson City Ry.—See Public Service Ry
76
Paterson Is Passaic Gas Is Electric Co
75

P
I.

DAY & ZIMMERMANN
ENGINEERS
Consulting—Constructing--Operating
611 CHESTNUT STREET, PHILADELPHIA
INVESTIGATIONS AND REPORTS made of Existing and Projected Public
Service Properties and Industrial Plants.
VALUATIONS made of Public Service Properties and Industrial Plants.
ENGINEERING AND CONSTRUCTION handled in connection with the
development of such enterprises.
MANAGEMENT of Public Service Properties handled through our operating
organization.

THE J4G-WHITE COMPANIES
J. G. WHITE & COMPANY, INCORPORATED

THE J. G. WHITE ENGINEERING CORPORATION

FINANCIERS

ENGINEERS—CONTRACTORS

THE J. G. WHITE MANAGEMENT CORPORATION
MANAGERS—OPERATORS

43 EXCHANGE PLACE
CHICAGO



.

.

LONDON

.

NEW YORK
SAN FRANCISCO

[VOL. xcnc.

INDEX TOZRAILWAYS

2
4Pao..
Paterson Ry.—See Public Service By
77
Paterson & State Line Trac. Co
137
Paul Smith's Elect. Lt. Power & RR
Pawcatuck Valley St. Ry.—See Norwich &
Westerly Traction ----------------------91
Pawtucket St. By. See United Trac. & Elec. 78
93
Peekskill Lighting & RR
137
Pe am Park By
137
Pen Yan & Lake Shore Ry
121
Peninsular Railway
106
Pennsylvania Lt. & Power
Pennsylvania & Mahoning Valley Trac. Co.—
131
See Republic Ry. & Lt. Co
Pennsylvania & Ohio By
Penn Street Passenger By.(Pittsburgh) —See
102
Citizens' Traction
Pensacola Electric Terminal Ry.—See Pensa94
cola Elec. Co.
94
Pensacola Electric Co
People's Elevating Co.—See Pub. Serv. By._ _ 77
.—See
People's Gas & Electric Co.(Burlington)
24
Burl. By. & Light Co
People's Passenger Ry.—See Union Trac.Sys. 97
113
People's RR.—See N. Y.State Rys
People's By. (Dayton. 0.)—See Amer. Rya_ 95
95
People's Street Ry.—See Scranton By
People's St. By. (West Newbury,Mass.)—See
15
Lowell Lawrence & Haverhill
30
People's Traction Co
People's Trac.(Phila., Pa.).—See Union Trac. 97
79
People's Tramway Co.—See Conn. Co
Peoria Bloomington & Champaign Trac. Co.—
See St. Louis Springf. ec Peoria ---- -- __ - _ - 27
Peoria Lincoln & Springf. Ry.—See St. Louis
27
Springfield & Peoria
27
Peoria Railway Co
Ry. Term. Co.—See "Ry. & Ind." Sec.
Peoria
Perry Street Passenger Ry.—See Federal
_102
Street & Pleasant Valley By
Petaluma & Santa Rosa RR.—See San Fran.
94
Nor. By
Philadelphia Bristol & Trenton Passenger By.
—See Trenton Bristol & Philadelphia St.Ry. 99
Philadelphia City Pass. Ry.—Seetin.Trae.Sy, 97
99
Philadelphia Co. (Pittsburgh, Pa.)
Philadelphia & Darby Ry.—See Union Tr.Sys 97
47
Philadelphia & Easton Electric RR
Philadelphia & Garrettford St. Ry. Co.—See
96
Philadelphia & West Chester Tract
Philadelphia & Grays Ferry Passenger Ry.—
97
See Union Traction System
Philadelphia & Lehigh Valley Traction.—See i
6
Lehigh Valley Transit Co
99
Philadelphia Railways Co
96
Philadelphia Rapid Transit Co
97
Philadelphia Traction.—See Union Traction
96
Philadelphia & West Chester Traction
99
Philadelphia & Western By.
Philadelphia & Willow Grove Street Railway._ 97
99
Phoenix Gas & Electric Co
137
Phoenix (Ariz.) Railway Co
30
Piedmont & Northern By.
Pitcairn & Wilmerding Street Ry.—See Mon103
ongahela Street By
Pittsburgh Allegheny & Manchester Traction.
102
—See United Traction System
--See
Pittsburgh & Allegheny Valley Trac. Co.
104
West Penn Trac
Pittsburgh & Beaver Street By
103
Pittsburgh & Birmingham Passenger By.—
See Pittsburgh & Birmingham Traction_._.102
102
Pittsburgh & Birmingham Traction
106
Pittsburgh & Butler Street Ry
102
Pittsburgh Canonsburg & Washington By
102
Pittsburgh & Charleroi Street By
Pittsburgh Craton & Mansfield Street Ry.—
100
See Pittsburgh Railways Co
Pitts. Harmony Butler & New Castle St. Ry_ 106
Pittsburgh Incline Plane.—See Pittsburgh &
102
Birmingham Traction System
Pittsburgh McKeesport & Connellsville Ry.—
104
See West Penn Rys. Co
_ _104
Pittsburgh McKeesport & Greensburg By....
Pittsburgh McKeesport & Westmoreland....... 69
Pittsburg (Kan.) By. & Light Co.—See Jo.
99
lin & Pittsburg Ry
100
Pittsburgh Railways Co. (with map)
(Kan.)—See Joplin & Pitts. By. 99
Pittsburg RR.
103
Pittsburgh Traction
Pittsburgh as West End Passenger Ry.—See
100
Pittsburgh Railways Co
Pittsburgh & Westmoreland Ry.—See Pittsb.
104
McKeesport & Westmoreland
Pittsfield (Mass.) Electrio Street Ry.—See
79
Berkshire Street By
90
Pittsford Power Co
Pittston & Scranton Street Ry.—See Scranton
95
By. Co
Pittston Street Car.—See Wilkesbarre & Wyo98
ming Valley Traction System
Plainfield Gas & Electric Co.—See Somerset
75
Union & Middlesex Lighting
76
Plainfield St. Ry.—See Public Service By
106
Plattsburgh Traction Co
Plymouth Bridge Co.—See Wilicesbarre &
98
Wyoming Valley Traction
137
Plymouth & Sandwich Street By
Poland St. Ry.—See Republic By.& Lt. Co_ _131
134
Ponce Electric Co
90
Port Clinton Electric Lt. & Power
St. Clair & Marine City Ry.—See
Port Huron
46
Detroit & Port Huron Shore Line

176

8

Pace
106
Port Jervis Traction Co
Portland & Cape Eliz, Ry.—See Portland RR 107
Portland City & Oregon Ry.—See Portland
107
Railway Light & Power Co
Portland (Me.) Elec. Co.—See Cumb. County
106
Power & Light
107
Portland Eugene & Eastern By
Portland General Electric Co.—See Portland
107
Railway, Light & Power Co
107
Portland (Me.) RR
Portland By. Co.—See Port. Ry.Lt. & Power 107
Portland By, Light & Power Co.(with map) 107
77
Portland (Conn.) St. Ry.—See Conn. Co
Portland & Yarmouth Elec.Ry.—See Port.RR 107
135
Porto Rico Rya Co., Limited
Portsmouth Dover & York Street Ry.—See
116
Atlantic Shore By
Portsmouth & Exeter St. Ry.—See New
58
Hampshire Electric
Portsmouth Kittery & York Street Ry.—See
116
Atlantic Shore By
Portsmouth (Ohio) Street RR. & Light Co.._ _109
Potomac Elec. Power Co.—See Wash. Ry.& Ell 29
Pottsville & Reading Ry. See E. Penn. Rys_109
Pottsville Union Traction.—See E. Penn. Rys 109
Poughkeepsie City & Wappinger Falls ElecRy109
Powell Street By—See United RRs. of S. F_ _121
Power Transit & Light (California)—See San
11
Joaquin Light & Power Corporation
121
Presidio & Ferries RR
Princeton Lt.. Ht. & Pow. Co
76
22
Prospect Park & Coney Island
Providence & Danielson Ry.—See Rhode /s.Co 79
Providence & Burrillville Street Ry.—See
Rhode Island Co
78
109
Providence & Fall River Street By
Providence Securities Co.—See Rhode Isl. Co_ 78
Providence & Tann.St. Ry.—See Globe St. By. 15
Pueblo & Sub. Trao. & Light Co.—See Arkansas Val. By., Lt. & Pow
109
Pueblo Traction & Lighting.—See Arkansas
Valley By.. Lt. & Pow
109
Puebla Tramway Lt. & Power Co
137
Public Service Company of Oklahoma
137
Public Service Corporation (with map)
74
Public Service Gas Co
75
Public Service Electric Co
74
Public Service Investment
_ 17
_
Public Service Newark Terminal Ry.—See
Public Service Corporation
74
Publlo Service By.(with map)
76
Public Service RR.—See Public Service Corp_ 74
Public Utilities Co.—See Union By., Gas & El_ 53
Public Works Co.—See Bangor By. & Elec.Co. 12
Puget Sound Electric Ry.—See Puget Sound
Traction, Light & Power
123
Puget Sound International By. & PowerCo—
See Puget Sound Tree.. Lt. & Power
123
Puget Sound Power Co.—See Puget Sound
123
Tract., Light & Power
Puget Sound Trac.. Lt. & Pow (with map).-123
Putnam & Westchester Traction Co
93
Traction.—See Leh.Vy.Tran.Co 6
Quakertown Lt. Heat & Power
135
uebec By.
Queens Ry. Co.—See New York & Qu.Co.Ry. 67
Quincy (Ill.) Horse By. & Carrying—See
28
Quincy By
28
Quincy Ry.—See Western Rys. & Lt. Co
119
137
Raleigh St. Ry.—See Carolina Power & Lt. Co.109
.—See Detroit &
Rapid Railway (Detroit)
46
Port Huron Shore Line
76
Rapid Transit St. Ry.—See Consol. Trao. Co
Reading City Passenger Ry.—See Reading Tr_ 111
15
Reading & Lowell—See Bay State
Reading & Temple Electric Ry.—See Reading
111
Traction
111
Reading Traction—See United Traction
Reading Transit & Light Co.—See Eastern
111
Power & Light Corporation
15
Reading Wakef. & Lynn—See Bay State._
& Wolmensdorf—See Reading Trao-111
Reading
Redlands Central Ry.—See Pao. Elec. By...... 67
67
Redlands St. Ry.—See Pac. Elec. Ry____ __
131
Republic By. ec Light Co.(with map)
78
Rhode Island Co
79
Rhode Island Suburban By
126
Richmond Light & RR.Co
137
Richmond (Va.) & Henrlco By
Richmond By.& Elec.—See Va.By.& Power _112
137
Richmond dc Rappahannock By
Ridge Avenue Passenger Ry.—See Union
98
Traction System
75
Ridgewood Gas Co
136
Rio de Janeiro Tramway Light & Power
Riverside & Arlington Ry.—See Pac. Electric
67
Railway
77
Riverside Traction
Roanoke Ry. & Electrio—See Roan. Tr.
95
& Lt
Roanoke Traction & Light—See Amer. Rye— 95
Rochester Charlotte & Manitou RR.—See
113
Rochester & Manitou RR
Rochester City & Brighton—See N. Y. State
113
Rys
137
Rochester-Corning-Elmira Traction Co
Rochester & Eastern Rapid Ry.—See New
113
York State Railways
Rochester Elec. Ry.—See N. Y. State Rys _113

Power Development Co
ailroads
Rahiway &&Lt. Securities (Boston)

Paoe.
113
Rochester & Manitou RR
Rochester By. & Light.—See N.Y.State Rye..113
113
Rochester Ry.—See N. Y. State Rys
Rochester & Sodus Bay Ry.—See N. Y. State
.113
.
By
Rochester & Suburban Ry.—See N.Y. State
113
Rys
Rochester Syracuse & Eastern RR.—See Em126
pire United Rys
Rockford Beloit & Janesville RR.—See Union
53
Railway. Gas & Electric Co
Rockford & Freeport Electric Ry.—See Union
53
Railway, Gas & Electric Co
Rockford & Interurban Ry.—See Union Rail53
way. Gas & Electric Co
72
Rock Island Southern Railroad
72
Rock Island Southern Railway
Rockland & Abington Street Railway—See
15
So. Shore & Bost. St. Ry
Rockland Thomaston & Camden Street By..113
15
Rockport Street Ry.—See Bay State
Rockville Broad Brook & East Windsor St.
& Springfield St. Ry_127
Ry.—See Hartford
65
Rohrerstown Landisville & Mt. Joy By
115
Rome (Ga.) Railway & Light Co
Norristown By.
Roxborough Chestnut Hill &
112
—See Schuylkill Valley Traction
Rutland City Elec. Co.—See Rutland By. Lt.
90
& Power Co.
Rutland Ry., Lt. & Pow.—See General Gas &
90
Electric Co Rutland St. Ry.—See Rutland By. Lt.& P.Co. 90
acramento Electric Gas & Railway—See
117
California Gas & Elect. Corporation
Sacramento Short Line Ry.—See San Fran. 91
Oakland Terminal Rys
137
Sacramento Valley Electric RR
Sacramento-Woodland Elec, 1111.—See North-121
ern Electric Ily_ _ __ ---------- ___ __ __
54
Saginaw-Bay City Railway
Saginaw City Gas Co.—See Mich. Light Co__ 54
Valley Traction—See Saginaw-Bay
Saginaw
54
City Railway
St. Albans St. Ry.—See St. Albans & Swan-115
ton Traction Co
St. Albans & Swanton Trac. Co..115
Rys. Co. 82
St. Charles Street RR.—See New
137
St. Francois County Electric
137
St. John (N. B.) Ry
Heat & Power (Mo.) -115
St. Joseph By., Light.
St. Joseph & Savannah Interurban Ry.—See115
St. Joseph By., Lt. & Heat Co
_115
St Louis Cable & W. Ry.—See St. L. & Sun _
St. Louts Decatur & Champ. Ry.—See Bloom- 27
Decatur & Champaign
ington
28
St. Louis Elec. Bridge Co
25
St. Louis Elec, Terminal Co United Rys. Co.115
RR.—See
St. L. & Her, River
137
Si.Louis Montesano & Southern
Louts
St. Louts & Northeastern Ry.—See St.
27
Springfield & Peoria
116
St. Louis & St. Charles Bridge Co RR.—See
St. Charles & Western
St. Louis
118
Missouri Electric RR
SpringSt. Louts & Spring. Ry.—See St. Louis
27
field & Peoria
27
St. Louis Springfield & Peoria RR
St. Louis & Suburban Ry.—See United Rys.Co.115
115
Rys
St. Louis Transit—See United
72
St. Paul City Ry.—See Twin City Rap. Trans_ 15
Salem & Waketleld—Sec Bay State
North Car.
Salisbury & Spencer Ry.—See
57
-------- -- -Public Service Co_ _ __
118
__Salt Lake Light & Traction By
116
Sit Lake & Ogden Ry
137
Salt Lake & Utah
San Antonio Gas & Electric—See So. Lt & Tr 116
San Antonio Trac.—See Southern Lt. & Tree_ 116
San Bernardino Inter. Ry.—See Pac. Elec. By. 67
San Bernardino Valley Trac. Co.—See Pao.
67
Elec. By
116
San Diego Electric Ry
90
Sandusky (0.) Gas & Electric
90
Sandusky Norwalk & Mansneld Electric Ity_..
39
Sandusky Fremont & Southern Ry
San. Win. & Amber. Ry.—See Det. Un. Rys_ 46
Sanford & Cape Porpoise Ry.—See Atlantic
116
Shore By _
San Francisco Electric Rys.—See California
119
Ry. & Power Co
San Francisco Gas & Electric Co.—See Pacific
117
Gas & Electric
122
San Fran. Napa & Calistoga By
94
San Francisco Northern By
San Francisco Oakland & San Jose Cons. Ry.—
91
See San Fran.
-Oakland Term. Rys-- __
-Oakland Term.Pow.Co—See United
San Fran.
122
Properties Co. of California
91
San Francisco-Oakland Term. Rys
San Francisco & San Mateo Electric—See
121
United RR. of San Francisco
San Joaquin Light & Power Corporation
11
137
San Joaquin Valley Electric By
San Jose-Los Gatos Interurban Ry.—See Pen121
insular By
122
San Jose Railroads
San Jose Terminal Ry137
San Jose & Santa Clara Rlf.—See San- Jose
122
RRa
San Jose & Santa Clara Co. By.—See San Jose
122
RRs

S

On.

STONE & WEBSTER ENGINEERING CORPORATION
CONSTRUCTING ENGINEERS
NEW YORK



BOSTON

CHICAGO

SEPT., 1914d

INDEX TO RAILWAYS

Pads.
San Jose Short Line Ry.—See San Fran.
-Oak.
Terminal Rys --------------------------91
Santiago (Cuba) Elec. Light & Traction Co.—
See Brazilian Traction, Light & Power
136
Sao Paulo Electric Co., Ltd.—See Brazilian
Traction, Light & Power
136
Sao Paulo Tramway, Light & Power Co.—See
Brazilian Traction, Light & Power
136
Sapulpa (Okla.) & Inter. Ry
137
Saratoga Traction—See Hudson Valley Ry
5
Savannah Electric Co
122
Savannah Thunderbolt & Isle of Hope Ry.—
122
See Savannah Electric Co
113
Schenectady Ry
Schuylkill & Dauphin Traction Co
109
Schuylkill Electric Ry.—See East.Penn. Rail109
ways
Schuylkill Haven & Orwlgsburg St. Ry.—See
109
East. Penn. Rys
52
Schuylkill Ry, Co
53
Schuylkill Traction (Girardville. Pa.)
Schuylkill Valley Trac.—See Reading Transit
111
& Light Co
42
Scioto Valley Traction Co
Scranton & Bing'n Ry.—See Binghamton Ry_ 13
95
Scranton & Carb. Trac.—See Scranton Ry
Scranton Dunmore & Mo. Tk—See Scranton
95
Ry
Scranton & Pittston Tr.—See Scranton Ry__ _ 95
122
Scranton & Wilkes-Barre Traction
95
Scrantom Ry.—See Amer. Rys. Co
21
Sea Beach Ry.—See N.Y.Consol. RR
Sea Coast Traction.—See Atlantic Coast Bice
8
Seashore Electric Ry., Asbury Park—See Atlantic Coast Electric Ry _____ _ _ _.
__ _ 8
Seattle Electric Co.—See Puget Sound Tract.,
Light & Power
123
Seattle-Everett Trac. Co.—See Puget Sound
Tract.. Light & Power
123
Seattle Ry.—See Puget Sound Tract., Light
& Power
123
Seattle Renton & Southern Ry. Co
123
Seattle Snohomish & Everett Ry
137
Seattle-Tacoma interurban—See Puget Sound
Tract., Light & Power
123
-Tacoma Power Co.—See Puget Sound
Seattle
Trac., Lt. & Pow_
123
Sea View RR.—See Rhode Island Co
79
Second Avenue RR.(N. V.)
84
Second Avenue Traction—See United Traction102
Second & Third St. Pass. Ry.—See Union Tr_ 97
Sedalia Lt. & Trac. Co.—Sec City Lt. & Tr. Co. 89
Selma Street & Suburban Ry
123
Seventeenth & Nineteenth Street Passenger
Ry —See Union Traction System
97
Seventeenth St. Incline Plane Co
103
Shamokin & Mt. Carmel Transit Co
123
Norwood Street Ry
Sharon Canton &
137
Sharon & Newcastle Rys.—See Republic Railway & Light
131
Shawnee-Tecumseh Traction Co
123
Sheboygan Light, Power & Ry.—See Sheboygan lailway & Electric Co
125
Sheboygan Railway & Electric Co
125
Shelburne Fails (Mass.) & Colrain St. By
137
(Cue.) Hallway & Power
Sherbrooke
135
Shore Lighting Co
76
Shore Line Elect. RR
78
Shore Line Electric Ry. (Conn.)
78
Shreveport Railways Co
125
Sierra & San Francisco Power Co
119
Sioux City Service Co
125
Sioux City Traction—See Sioux City Ser. Co....125
Sixth Ave. RIt.—See New York Ftys
84
Slate Belt Electric Street Ry
93
Slatington St. Ry.—See Lehigh Valley Tran
6
Snyder Av. St. fly—Sec Phila. flap. Tran
96

143

Pass.
Page
Somerset Union & Middlesex Lighting Co ____ 75 Staten Island Midland Ry
126
Somerset (11y.) Water. Lt. & Traction
137 Steinway Ry.—See N. Y. & Queens Co. Ry
67
Somerville Horse RR.—See Boston El. Ry
47
14 Steubenville Jr East Liverpool Ry. & Lt. Co
South Bend & So. Michigan Ry.—See Southern
Steubenville Mingo & Ohio Valley Traction—
Michigan Ry
125
104
See Steub. Jr Wheel. Trac
South Brooklyn Ry.—See Brooklyn Rap Tran 18 Steubenville Traction & Light Co —See SteuSouth Chicago City Ry.—See Cal. & So.Ch.Ry. 31
benville Jr East Liverpool Ry. Jr Lt. Co..... 47
South Carolina Light, Power & Ry ______
137 Steubenville 45G Wheeling Traction Co.—See
South Covington & CM. St. Ry.—See CincinWheeling Traction
104
nati Newport & Covington Ry
42 Stillwater do Mechanicville—See Bud. Val. Ry. 5
South Ferry—See Broadway & Seventh Ave
84 Stockton Electric RR
126
South Jersey Gas. Electric & Traction
75 Stockton Terminal & Eastern RR
137
South Orange & Maplewood Traction
76 Suburban RR.
(Chicago)—See County Trac.Co.34
South Side El. RR. Chicago
36 Suburban Rapid Transit Co.(Winnipeg)
136
South Side Gas Co
104 Suburban Rapid Tran. St. Ry.. Pittsburgh,Pa 103
South Shore & Boston St. Ry.—See Bay State
Suffolk Syndicate—See Suffolk Trac. Co_ __
93
Street Ry
15 Suffolk Traction Co
93
South West Missouri Railroad
130 Sunbury & Susquehanna Ry_ 137
South Yuba Water Co.—See Pa o.Gas& Elec.Co.117 Susquehanna By. Lt. & Pow. Co.—See United
Southern Boulevard RR.—See Union Ry_
86
Gas
87
Southern Elec. Ry.—See Un. Rys. of St. L_ _115 Sutro Jr Elec. Corp.
RR.—See United RR. of San FranSouthern Ht., Lt. & P. Co.—See Duquesne
cisco
121
Light Co
103 Sutter St Ry.—See United RR.of San FranSouthern Illinois & St. Louis Ry
137
cisco
121
Southern Iowa By.& Light Co
6 Syracuse Lake Shore & Nor. RR.—See EmSouthern Light & Traction Co.(Natchez)—See
pire United Rys
126
Southern Railway & Light Co
74 Syracuse Rapid Transit Ry.—See N. Y. State
Southern Light & Traction (San Antonio)_ _116
Rya
113
Southern Michigan Ry
125 Syracuse & South Bay Elec. RR,
127
Southern Ohio Traction—See Ctn. Dayton &
Syracuse & Suburban RR
137
Toledo Traction
41 Syracuse Watertown & St. Law. River RR
137
Southern Pennsylvania Traction Co
98
Southern Railway & Light Co
74
acoma By. & P.—See Puget Sound Trac.,
Southern Street Ry
31
Light & Power
123
Southern Traction Co. of Illinois
137 Tama & Toledo Ry. Co.—See Iowa Ry.& Lt_ 25
Southern Traction—See Pt'gli Rvs. Co
100 Tampa Electric Co
127
Southern Trac. Co.(Bowling Green. By.).. ..137 Tampa
SG Sulphur Springs Traction
137
Southern Traction (Dallas)
43 Tamaqua de Pottsville Electric RR.—See East.
Southern Wisconsin By. Co
69
Penn. Rys
109
Southwestern St. Ry.—See Phila. Rys. Co..
99 Tarrytown White Plains & Mam. Ry.—See
Southwestern (Tex.) Traction Co
127
Shore Line Elec. RR
78
Southwestern Traction—See London & Lake
Taunton & Brockton Street Railway—See
Erie B. & Transportation Co
133
Old Colony Street Railway
15
Spokane 6: Inland Empire Ry.
125 Taunton & Pawtucket St. Ry
127
Spokane Terminal Co._ _See Spokane & Inland
Taunton Street Ry.—See Globe St. Ry
15
Empire Ry
125 Taylor Ave. RR.—See United Rys. of St. L. _115
Spokane Traction Co.—See Spokane de Inland
Templeton St. Ry.—See Nor. Mass. St. Ry
57
Empire Ry
125 Tennessee Pow.Co.—See Tenn. Ry.,Lt.doPow. 73
Springfield & Central Illinois
137 Tennessee Ry. Light & Power
73
Springfield (Ill.) Consolidated Railway—See
Terre. Haute Indianapolis de Eastern Trac. Co.. 59
Union Railway. Gas & Electric
53 Terre Haute Traction & Light Co
60
Springfield & East. St. Ry.—See Springfield
Terre Haute & Western Ry. Co.—See Terre
Street Railway
82
Haute Traction & Light
60
Springfield Electric By. (Vt.)
126 Texas Traction Co
43
Springfield (Ill.) & Jacksonville Electric Ry 137 Third Avenue
86
By. (N. Y.) (with map)
Springfield (0.) Light Co.—See Commonw.
Thirteenth SG Fifteenth Sta. Pass. Ry.—See
Power, Railway & Light Co
53
Union Traction System
Springfield Lt.,II. & P.Co.—See Spring.Lt.Co 54 Thirty-fourth St.Crosstown Ry.—See N.Y.Rys 97
84
Springfield & Northeastern Traction Co.—See
Tidewater Power
____ ______________ _130
St. Louis Springfield S: Peoria
27 Tidewater Southern Ry
126
Co-Springfield (Ohio) Ry.—See Amer. Rye. Co
95 Titusville Electric Traction Co
137
Springfield (Ill.) Railway Jr Light Co.—See
Toledo Bowling Green & Southern Traction _128
Union Railway, Gas Jr Electric
53 Toledo & Findlay St. Ry.—See Toledo Bowling
Springfield Ry.Cos.—See N.Eng.Invest & Sec 82
Green & Southern
128
Springfield (Mo.) Ry. de Light Co
87 Toledo Fostoria & Findlay
128
Springfield (Mass.) St- Ry.—See New Eng.
Toledo Fremont & Norwalk St. Ry.—See
Invest. & Sec
82
Lake Shore Elec
39
Springfield (Mo.) Traction—See Springfield
Toledo Gas Light & Coke Co.—See Toled
Traction, Light & Power Co
89
Springfield Troy & Piqua Ry
126 Toledo Heat & Light Co.—See Toledo Trac.,
Springfield (0.) & Washington Ry
137
Light & Power Co
89
Springfield Jr Xenia Railway
126 Toledo & Indiana Railroad
128
Stamford Street RR.—See Conn. Co
77 Toledo & Maumee.—See To!. Trac.,LAP.Co_
Standard Electric Co.—See Cal. G. & El. Corp117 Toledo Port Clinton & Lakeside Ry. Co.—See 89
Standard Gas & Elec. Co.—See "Ry. & IndusNorthwestern Ohio Ry. & Pow. Co
90
trial" Section.
Toledo Railways & Light Co.—See Toledo
Stark Electric RR
68
Traction, Light & Power Co
89

T

H. M. BYLLESBY & COMPANY
I NCORPORATED

Engineers—Managers

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Artificial Gas Systems
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144

Pace.
earls
89 Urbana Bellefontaine & Northern Ry.—See
Toledo Traction, Light & Power
40
Indiana Columbus & Eastern
Toledo urban & Interurban Ry.—See Toledo
27
128 Urbana & Champaign Ry. Gas & Elec. Co
Bowling Green & Southern 'Traction
27
Tol. T.,L.& P. Co_ 89 Urbana Lt., Heat & Power Co
Tol. & Western Ry.--See
Tonawanda Electric R12.—See Intern. Tract. 24 Utah Light & Power Co.—See Utah Light do116
By.
--See International Tract. 24
Tonowanda St. RE.
116
28 Utah Light & Ry Co
Topeka Edison Co.
27 Utah Power & Light.—See Salt Lake Light &
Topeka fly--.
116
135
Traction Co
(Canada) Ry •
Toronto
136 Utah Securities Co.—See Salt Lake Light &
Toronto Power Co
116
Traction Co
_137
Toronto & Suburban Ry
Utica Belt Line Street RR.—See N. Y. State
Ry.—See Toronto
Toronto do York Radial
113
135
Rys
By. (Canada)
Torrington & Win. St. Ry.—See Conn. Co_ __ _ 77 Utica & Mohawk Valley Ry.—See N. Y.
113
State Rys
Transit Development Co.—See Brooklyn
18 Uxbridge & Blackstone St. Ry.—See WorcesRapid Transit Co
82
ter Consolidated Street Ry
Limerick Elec.—See Rox. Chest.
Trappe &
112
Hill & Norristown
99 ly allelic)& Northern RR.—See Northern Elec.121
Trenton Bristol & Philadelphia Street Ry
•alley Counties Power Co.—See Pacific
Trenton City Bridge Co.—See New Jersey &
117
128
Gas & Electric Co
Pennsylvania Traction Co
58
Valley Railways
Trenton Gas & Elect.—See So. Jersey Gas,
131
75 Valley Street ity —See Rep. Ry. & Lt
Electric & Traction
58
Trenton Ham. & Ewing—See Trenton St. Ry_ 98 Valley Traction Co.—See Valley Railway
98 Valparaiso & Northern Ry.—See Gary & InTrenton do Mercer Co. Trao. Corp
52
terurban RR
Trenton & New Brunswick R11.—See Eliza22
74 Van Brunt Street & Erie Basin RR
beth & Trenton RR
79
Vermont Company—See Berkshire St. Ry
Trenton New Hope & Lambertville St. Ry.—
128
90 Vicksburg Light & Traction Co
See Bucks County Inter. Ry
128
Vincennes Citizens St. Ry.—See Vin. Trao
Trenton Pennington & Hopewell Street Ry.—
128
98 Vincennes Traction Co
See Trenton Street By
98 Vinoennes 'Tree. & Lt. Co.—See Via. Tree. _128
Trenton (N. J.) Street By
56 Virginia Passenger & Power Co.—See Virginia
'Fri-City Ry.—See TH-City Ry. & Lt. Co
112
Railway & Power
56
Tri-City Railway do Light Co
112
137 Virginia Railway & Power (with map)
Trinidad (Port of Spain) El. Co., Ltd
128
Visalia Elec. Ry
Ry. & Gas—See FedTrinidad Elec. Transm.
87
eral Lt. & Tree. Co
47 Wabash River Traction Co.—See Ft. Wayne
'Fri-State Ry. & Electric
51
Troy City Ity.—See United Trac. (Albany)_ .._ 5 " & Northern Indiana Traction Co
__ __43
Waco Street Ry.—See Southern 'Fran.
Troy Hill Pass. Ry.—See Fed. St. & P. Valley
Co-102 Wakefield & Stoneham St. Ry.—See Bay State
P. Ry
15
Street Ry
128
Troy & New England By
Tuscarawas Trac. Co.—See Can.-Ak. Cons, Ry. 5 Walden do Orange Lake.—See Orange County 90
87
Traction
Fed. Lt. & 'Frac
Tuscon Rap. Tr.—See
70
97 Walkill Transit Co
Twenty-Second St & All. Av. Pass. By
131
Ware 6o Brookfield Street By
Twenty-Eighth & Twenty-Ninth Streets Cross
128
87 Warren Brookfield & Spencer Street Ry
town RR.(N. Y.)—See Mid-Crosstown By.
' 128
Warren & Jamestown St. By
Twenty-third Ave. El. Ry.—See San Fran.
91 Wash. Alexandria do Mt. Vernon Ry.—See
Oakland Term. By
129
Washington Utilities Co
84
Twenty-Third St. Ry.—See New York Rys
137 Wash. Arlington & Falls Church Ry.—See
Twin City & Lake Superior By
129
Washington Utilities Co
137
Co
Twin City Light & Traction
72 Washington Baltimore & Annapolis Electric
Twin City Rapid Transit
130
RR
137
Falls (Idaho) St. Ry
Twin
17 Washington Berwyn & Laurel Electrio.—See
Twin State Gas & Electric Co
129
City & Suburban
137
Tyler City Light & Ry
102
Washington & Canonsburg Railway Co
137
By
36 Washington Electric
Union Consolidated Elevated By.. Chicago
137
Washington (D. C.) Interurban By
nion Depot RR. (St. Louis. Mo.) —See
115 Washington & Glen Echo RR.—See WashingUnited Railways Co
129
ton Railway & Electric _
47
Union Electric (Dubuque)
Union Elev. RR.—See Northwestern Elev_ _ _ _ $6 Washington & Great Falls By.& Power Co_137
130
Washington do Old Dominion
Union Gas & Elec. Co.—See Twin State Gas
17 Wash. & Rock, Ry.—See Wash Ry. & Elec 129
& Electric Co_
129
Union Gas & Electric.—See United Gas & Elec. 88 Washington Railway do Electric Co
129
Washington Utilities Co
Union Light, Heat & Power Co.—See Cin129
42 Wash.
-Virginia Ry. Co
cinnati Newport & Covington
125
36 Washington Water Power, Spokane
Union Loop—See Union Elevated RR
Union Pass. Ry.—See Union Trac. System__ 97 Washington Westminster & Gettysburg RR _ _137
Wash. Woodside & For. Glen Railway& Power
Union Ry., Gas & Elec.(Ill.).—See Commonw
129
53
Co.—See Wash. Ry. & Electric
Power, R.& Light Co
86 Waterloo Cedar Falls & North. Rap. Tran__ _ _130
Union By. of New York
130
98 Waterville Fairfield & Oakland Ry
Union Ry.—See Wilmington & Chester Trao
77 Waterville & Fairfield Ry. & Light—See
Union Street Ry.(New Bedford. Mass.)
130
Watery, Fairfield 6c Oakland By
39
Union Traction Co. (Coffeyville, Ban.)
Union Trac. Co.—See Coast Counties G. do El_122 Waterville & Oakland St. Ry.—See Waterville
130
E
Fairfield & Oakland Ry
Union Traction Co. of Indiana
97 Watervliet Turnpike & RR.—See United
Union Traction (Philadelphia. Pa.)
5
Traction (Albany)
Union Utilities Co.—See West Va. Trao. &
_112 Webb City Northern El. Ry.—See Southwest
Elec. Co__
130
Missouri RR
74
United Electric Co. of N. J
Webster & Dudley.—See Wore. Cons. St. By. 82
United Gas & Elec. Co.—See Louisville do
75
68 Weehawken Contracting Co
North Ry. & Light Co
86
Westchester Electric—See Union Ry., N. Y
United Gas & Electric Co.—See California
117 West Chester Kennett & Wilmington Eleo.Ry_ 63
Gas & Electric Corporation
130
West Chester Street fly
.—See
United Gas & Elec. Co. (Lancaster. Pa.)
79
87 Westchester Street RR
United Gas & Elec. Corp
130
87 West Chester & Wilmington Elec. Ry
& Elec. Corp
United Gas
Ry.—See Frankford &
West End Passenger
United Light & Power Co.—See United Prop97
Southwark Passenger By
122
erties Co. of California
14
(Grand Rapids)(with map) 56 West End Stre.--t By. (Boston)
United Light& Rye.
65
—See Lane. Co. fly. & Lt
97 West End St. Ry.
United Power & Transportation
122 West End Traction, Pittsburgh. Pa.—See
United Properties Co. of Cal
100
Pittsburgh Railways Co.
United Railroads of San Francisco (with map)_121
82
11 West. Mass. St. Ry.—See Sped. St. Ry
United Rys. & El. Co. of Saito
92
United Rys. Investment Co.(San Francisco)..119 Western New York & Pennsylvania Trac. Co. 66
115 Western Ohio Railroad
United Railways Co. (St. Louis)
Western Ohio Railway—See Western Ohio RR. 66
United St. Ry.of Cent. N. J —See Pub. Ser.
28
77 Western Railways & Light Co
Railway
90
137 Western Vermont Power & Light
United Service Co. (Scranton, Pa.)
133
5 West India Electric Co
United Traction (Albany)
Providence Sec. Co. 78 West Liberty St. Ry.—See Pitts. & Birm
United Trac. & Elec.—See
102
Traction Co
United Traction (Pittsburgh)—See Phila. Co.102
West Liberty & Suburban St.—See Pitts. Rys_ 100
United Traction (Reading, Pa.)—See Reading
44
111 Westmoreland County By
Transit & Lt.Co
104
Penn Rys. Co.—See West Penn Trao
United Traction St. RR. Co.—See Du Bois 47 West Penn Traction (with map)
104
West
Elec. & Tree. Co
101
& Water Power Co
United Water, Lt. & Tree. Co.(Somerset. Ky.)137 West Penn. Trac.

U




[VOL. xcix.

INDEX TO RAILWAYS

Pace.
West Phila. Pass. Ry.—See Union Traction
System
98
West Roxbury & Roslindale St. Ry.—See
Bay State St. By
15
West Shore Ry
78
West Side RR.—See Elmira Water, Light &
RR
49
Virginia Trac. & Elec. Co.—See Eastern
West
Power & Light Corporation
112
West Water St. RR.—See Elmira Water.
Light & RR
49
Whatcom County Ry.& Light Co.—See Puget
Sound Tract.. Light & Power
123
Wheeling & Elm Grove RR.—See West Vieginia Traction & Electric Co
112
Wheeling (W. Va.) Trac. Co.—See West Penn
Trac. & Water Power Co
104
Wheeling & Western Ry.—See Wheel. Trao 106
Wichita RR. & Light
28
Wilkes-Barre Co.—See United Gas & Elea_ 87
Wilkes-Barre Dallas do Harvey's Lake Ry
98
Wilkes-Barre Gas & Elec. Co.—See United Gas
87
do Elm
59
Wilkes-Barre & Hazleton Ry
58
Wilkes-Barre & Hazleton RR
98
Wilkes-Barre Railways Co
59
Wilkes-Barre Term. RR
98
Wilkes-Barre & Wyoming Valley Traction
Wilkinsburg & East Pittsburgh St. Ry.—See
103
Monongahela Street By. Co
Wilkinsburg & Verona Street Ry.—See
103
Monongahela Street By. Co
Willamette Bridge Ry.—See Port. Ry.. Ligh
107
& Power
137
Willapa Electric Co
77
Willimantic Traction Co.—See Conn. Co
Wilmington (Del.) City Ry.—See Wilmington
98
& Chester Traction
88
Wilmington City Electric Co
98
Wilmington & Chester Traction Co
Wilmington& Ed gemore.—See Wilm.dc Chester
98
Traction
130
Wilmington Newcastle & Delaware City__
98
Wilmington & Philadelphia Traction
Wilmington Southern Traction—See Wilming130
ton New Castle do Delaware
Win. & B.Horse RR.—See Burlington Trac.Co 24
Winchester Ave. Ry.—See Conn. Co
77
Windsor Locks Traction Co.—See Hartford
& Springfield Street By
127
Windsor & Tecum. Elec. Ry.—See San. Win.
& Arabi]. Ry
46
Winnipeg Electric By
136
Winnipeg Elec. St. Ry.—See Winnipeg Elec.
Railway
136
Winnipeg Selkirk & Lake Winnipeg Ry
136
17
Winnisimmet RR
Winona (Minn.) By. & Light Co.—See Wis64
consin R.& Light Co
129
Winona Interurban
Winona & Warsaw Ry.—See Winona Inter 129
71
Wisconsin Edison Co
51
Wisconsin Electric Ry
71
Wisconsin Gas & Electric
64
Wisconsin-Minnesota Light & Power Co
Wisconsin Public Service Co.—See Wisconsin
57
Securities Co_
64
Wisconsin Railway & Light Co
57
Wisconsin Securities Co
71
Wisconsin Traction Light Heat & Power
15
Woburn & Reading—See Bay State St. fly_
Worcester & Blackstone Valley St. Ry.—See
82
Worcester Consolidated Street By
Worcester & Clinton. St. Ry.—See Worcester
82
Cons St. fly
Worcester & Conn. East. Ry.—See Conn. Co_ 77
83
Worcester Consolidated Street Ry
Worcester & Holden St. Ry.—See Worcester
82
Consolidated Street Ry
Worcester & Marlborough Street Ry.—See
82
Worcester Consolidated
82
Worcester Railways & Investment Co
Worcester do Southbridge St. Ry.—See Worms
82
ter Consolidated Street Ry_
Worcester & Webster Street Ry.—See Worces82
ter Consolidated Street Ry
82
Woronoco St. Ry.—See Sped. St. By
Wyandotte & Detroit River Ry.—See Detroit
46
United Railway
Vadkin River Power Co.—See Car. Power &
111
Light Co
A
yardiey Morrisville & Trenton St. Ry.—See
90
Bucks County Interurban By
86
Yonkers RR
131
York Railways
Youngstown &Ohio River RR
65
Ry. & Light.—See
Youngstown-Sharon
Republic fly. & Light Co
131
Youngstown & Southern Ry
131
Ypsilanti do Saline Ry.—See Det. Jack.& Chic. 46
17anesville Electric Co.—See Col. Newark
i-i do Zanesville
41
Zanesville Electric Ry.—See Col. News rit
& Zanesville
41
Zanesville Ry. Light & Power Co -See
001 Newark & Zanesville. _ .. _
41

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