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S E CTIO N
of
Commercial
:
Financial Qhrowicle.
&
Copyrighted in 1913 according toft.ct of Congress, by WILLIAM
NEW YORK,
Vol. 97.
The
B.^p^NA COMPANY, In office ofLforarlanof Congress, Washington, D. C.
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STANDARDS IN STEEL
CONSTRUCTION AND
EQUIPMENT.
Standardization
of
a
discussion
the |
at
topic
the various conventions
this
year
Electric Railway associations.
passenger
the
boat
on
the Great Lakes, which carried
the
Electric Railway Association and
Central
Central Railway
from
Toledo,
Accountants' Association on a trip
across
Clair River, to Harbor Beach and
of Mr. R. N. Hemming of the
Union Traction Company of Indiana and Chairman
of
the
standardization committee, presented an
return.
account
The report
of
much satisfactory progress
attainment of
equipment
common
towards the
standards in the construction,
and operation of electric railways.
In
the har¬
co-operation
of
the
accounting and
auditing departments with the other departments
which are, perhaps, more in evidence with the public,
is most necessary for the business success of the
whole-organization.
The joint conference on the
"St. Ignace" was a pleasant recognition of this
fact and the program of papers and the discussion
thereon brought out excellent material and many
of
management
their
systems
monious
n
Railway
suggestive leads of permanent value to men prac¬
tically engaged in the development of the
electric
Covering
some
similar ground in subject matter,
its
also held in
American Society for Testing Materials at
16th annual meeting at Atlantic City ,
>
presented
Com¬
Some
Association
last year.
have been raised
and by
the Committee on Equipment of the American
Electric Railway Association, but these are, it-is
understood, of a minor character, and not such as
to prevent the specifications going forward with
comparatively slight' modifications.
Letter ballots
of the members will decide such questions.
The
objections to the specifications
the Society for Testing Materials
activity and fertility of these various
committees
produced so good a harvest of experience that
the
expediency of collecting it
the
useful
results
through
and concentrating
central body is
some
and confusion in general
Manufacturers and, companies will be
gainers by general agreement on the standards
down with the concurrence of the most experi¬
practice.
the
laid
authorities.
enced
At
seem
the
moment! the most pressing requirements
to be
definite
Some
standards; forbear-body designs.
action
mechanics
and
required, for managers, mastermanufacturers are all raising the
is
question of standardization.
The variation in the bodies
car
bodies of the
same
of different types of
over-all dimensions and de¬
sign for service of the same character
is as much as
must be observed
as
regards loading per square foot of floor area,
whether the car body be of all steel, semi-steel or
all wooden construction.
Similar tests to those
100%.
Yet
certain standards
made in the. laboratories
steam
case
and shops of the greatest
railroad corporations
might be made in the
obtain guidance as
of electric railway cars ,to
to the load
under
capacity of designs judged to be
uniform
running
conditions,
or
the best
in case of
standards selected
sanction of a
representative body of the engineers of the electric
railways as a whole, a want would be met and car
purchasers for the operation of smaller roads would
collision-impact
in consequence
loads.
If
the
of such tests had the
be relieved of the
embarrassment which now
exists,
owing to the multiplicity of designs.
To the manufacturer the standardization is im¬
■
railway industry.
the
Engineering
equipment
on
both by
Lake Erie, to Detroit, to Lake
Huron by the St.
the
Electric
new
apparent to avoid waste
,
:
continues to be a fruitful
Among the
various meeting places where technical subjects have
been mingled with general entertainment, the most
novel was that held aboard the steamer "St. Ignace",
of
in accord
specifications for wheels substantialy
with the recommendations of the American
have
New York.
Post Office Box. 95$.
This society
wrought solid carbon-steel wheels.
adopted
State and City Section, Issued
May
The
and
mittee
November, Is also
subscriber of the Chronicle.
of
special interest to electric railways relating to the
manufacture of carbon-steel' car axles, steel tires
of
scriber of the Commercial and
The Railway and Industrial Section,
considered several reports on specifications
June,
Electric Railway Seotlon, issued three
May and September, Is
No. 2518
SEPTEMBER 27, 1913.
Section.
Railway
Electric
the
•
portant as much as to the operator.
for his
own
He is bound to
truly serviceable article
credit and existence in his own special
deliver to the
purchaser
a
2
ELECTRIC RAILWAYS
field.
His
responsibility to the public is only
less than that of the
theme
a
railway
This
managers.
seal of the best technical
grade
a
The manufacturer is preparing to do his part
,
The
manufacturer
cannot
the
escape
and
town
construction, mechanical and
transportation development still confronting electric
railways.
country
of
amount
systems
rolling stock.
requiring but
that it may matter little whether steel
used
By his co-operation and sympathetic working
erty.
with the operator and
ment of the best
tion in
a
way
engineer towards the attain¬
standards, he is fulfilling
an
obliga¬
that must advance the public safety
and disarm adverse criticism.
Steel is
material in the construction of electric
ment at
an
likely to
years we are
tution of the
its
of
the
much
see a
for the
one
durable
more
account
increasing ratio-
ever
railway equip¬
In the next few
rapid substi¬
more
other, not only because of
and
efficient
qualities
but
on
improved organization of the steel
industry and the greater output of the mills, while
lumber
a
corresponding rise in
Added to the commercial value is the
cost.
tendency
of the time to favor the metal at the expense
and behind these influences
gineers and the
are
the
of wood,
practice of
en¬
of public authorities and
pressure
public sentiment in demanding steel construction
a
greater
of
assurance
safety
collision where wooden and steel
disastrous
in
travel.
have
cars
as
Every
come
into
impact recently has called forth louder
clamor for the universal
of
use
steel, and recommenda¬
tions for the elimination of wooden construction in
have
cars
juries
become
and
stances of
and
a
common
committees
rider to
investigating
verdicts
the
of
circum¬
railway accidents.Expense is disregarded
discriminating judgment is apt to be ignored.
Caution in
distinguishing the circumstances of
accident from those of another is thrown aside
one
con¬
temptuously and managing officials' of companies
seldom
are
directed
with
able
to
withstand the
against the
unreasonable4
price of
gust of obloquy
unpopular side.
regulations
is
Compliance
too
often
the
exister^ce?-- If it is
a common complaint
that public utility corporations fail to live
up to the
obligations imposed
and other
it is
to
public bodies set in authority
the less true that
none
operate
requisite
-with
by
hind the times
standards
a
recent
the manager
are
them,
often compelled
below
Municipalities
and fail to
ments in standard
in
they
over
those
deemed
tfye better judgment of their
experienced officials.
as
them by the commissioners
upon
may
more
fall
be¬
keep abreast of improve¬
practice of street railway engineers,
at Houston.
There, according to
of the local electric company, a new
case
civic administration has forced the company to abide
by
an
ordinance passed ten
of the
use
believes
a
with
the
years ago,
compelling the
grooved-girder rail, though the company
better method would be that of the T-rail
standard, with
a
concrete foundation in accordance
consensus
of
opinion
of
street
engineers thorughout the country, and
by
many
manager
as
railway
adopted
cities in the East and Central West.
has accordingly given up.the
The
obnoxious
contention.
Similar
when
use
or
old-pattern equipment,
are
construction
may
available, having th
of
the
wood be
or
bodies.
car
The
steam railroads
on
be easily found to impose
to be borne
or
a burden too great
considered by the smaller and
even
weaker roads.
This
be realized from the estim¬
can
less than 1600,000,000 to
replace, the present equipment of wooden cars by
steel, however desirable such a change may be con¬
sidered
from
a
no
sense
of procuring safety.
easily be pressed to the length
absurdity1 in hasty generalizations and there is
Standardization
of
vague
can
always present the risk of
of
improvement
Steel,
in
by
establishing
pursuing
its
individuality
repressing
design and of stifling invention
the side of
on
permanent
dominating
types.
has
course,
brought steam and electric railways in closer rela¬
tion to
of
another and
one
construction
pronounced.
and
similiarity in the essentials
equipment is becoming
more
In the investigation and consideration
of the manifold
of steel
uses
the chief material for
as
building and rolling stock, the various committees
of
the electric railway associations are
following
closely in the footsteps of the longer experienced
committees
of the
road
steam
organizations.
the technical adolescence of the electric
is
point in their favor.
a
to
* But
investigators
It is unnecessary for them
accept implicitly results of inquiries directed from
another view
established
angle and sufficient proof is already
that
merely to follow the practice
steam railroads would be undesirable and
able and
might lead to costly mistakes.
of axle
case*
failure, for instance.
shows that electric
the
of
unreason¬
To take the
Here experience
railway service has
marked
very
differences from that of steam railroads.
Owing to
entirely different nature of the stresses to which
axles
are
subjected, the number of axle failures in
interurban
that
on
service is very
car
the
large compared with
ordinary long-distance steam railroad.
Fortunately, the serious accidents that have occurred
through axle failures have not been
many,
but in
defective axles always lies a hidden source of peril.
It is satisfactory to know that the engineers of the
electric
that
a
a
railways haye duly realized the danger and
well
devised series
of tests
sound basis for work in the
failures.
"
•
.
For the steam
made
time
some
\
roads, in
ago
hap contributed
elimination of such
a
study of axle records
at the Altoona shops of the
Pennsylvania Railroad, it was found that only
thirty-five axles had failed in the preceding five
years
out of the great total of 691,000
truck axles
trasts
purchased by the
car
company.
strongly with the experience of
and engine-
This
an
con¬
electric
railway system in Central New York which had
discard
124
cracks had
use
axles
the
last
three
years
to
because
developed in%them, making their further
An electric road Vice-President,
Dyer Jr. of the Syracuse Lake Shore &
Northern Ry.
been
in
dangerous.
Mr. R. A.
of obsolete
improved standards
the
demand for all-steel construction
production will not increase proportionately,
if it does not decrease with
in
ate that it would cost
continuing to take the place of wooden
small
in running operation
by signals or section despatch¬
ing, the risk of fatal collisions should be so minimized
responsibility for defective workmanship in material,
prop¬
a
Under careful provisions
the failure of which may cause loss of life
and
mean
construction, the question of expense must be the
controlling factor for individual companies operating
ing of the manufacturer's duty in the electric railway
to solve the needs in
only
can
when the change or substitution be¬
inevitable.
In the matter of all steel car
comes
Ignace" convention enlarged appropriately in speak¬
field.
authority
xcvii.
extra expense
was
which Mr. James H. Drew at the "St.
on
[Vol.
Co., has during the last four years
a similar systematic and compre-
conducting
hensive
study of axles used
of
lot
A
on
of
the
next
service.
of
lot
1906 of unknown
scrapped, after averaging 300,000
were
severe
Their
satisfactory that the endeavor
in
his interurban lines.
sixty axles bought in
specifications
miles
axles
had
life
been
so
made to obtain
was
ordered
an
approximate
quality of steel. Though the standard specifications
of the Pennsylvaia Railroad for open-hearth ham¬
mered steel axles
called for, the results,
were
how¬
only three out
seventy-seven of the axles attained the life- of
ever,
of
were
quite disappointing,
as
300,000 miles and twenty-seven had to be discarded
The inference
was
apparently
conclusive that the conditions in electric
operations
on
are
account of cracks.
quite different from those of steam railroads.
Tests
are
of different
now
being carried out with various axles
The sixty carbon
physical properties.
steel heat-treated axles taken for
sample experiment
estimating the cost of
1911
did
not
answer
taken out of service and
expectations and all
were
replaced with others which
doing well.
Last year experiments were made
special alloy steels, sixty axles of chromevanadium steel being introduced, and this year a
are
with
study is being made of chrome-nickel axles.
axles
are
high-speed interurban cars weighing about 43 tons
without passenger
load. The cars make about
100,000 miles each in a year, the record for one month
being 11,235 miles.
The axles are inspected for
cracks every time they are in the shop to have their
wheels turned, after running on the average about
50,000 miles.
To reduce the danger resulting from
an axle break, Mr. Dyer uses the device of placing a
chrome-nickel steel sleeve on the axle and mounting
the wheels and gears upon these sleeves.
It is on such prudent experimental work as this
in every department of construction .and operation
that electric railway managers are building up the
reputation of their roads and endeavoring to secure
the confidence of the public.
RAILWAY.
Without trustworthy
•
.
estimates before them of the
of the construction and operation of a pro¬
posed electric railway, investors lay themselves open
to a charge of speculative folly.
The counsel still
remains good to sit down first and count the cost before
beginning the building Of a tower, house or railroad,
lest the uncompleted undertaking should be a cause
of mockery.
As has been mentioned in a previous
article, in the early days of electric railway promotion
.the initial costs were often lightly considered.
Pre¬
expenses
liminary estimates were based on little or no experi¬
ence, and even the best practical engineers might
have some excuse if the original figures were found
to have been exceeded after the line had actually
been
built.
Heavy fixed charges on capital were
place shackles on the enterprise hard to be
shaken off even by successful operation.
There is slight excuse nowadays for such a plea of
inexperience.
Sufficient data are available for the
promoters and investors of an electric railway to
afford fairly accurate guidance in keeping close to
the original estimates of construction, so as to avoid
the disappointment of labors thrown away and money
bound to
wasted.
ways
The
technical
is growing fast.
have been settled
on
literature
Principles
broad lines.
on
electric
rail¬
of construction
There is
no mys¬
tery surrounding the * subject.
Laymen as well as
the trained professional experts are able to form good
judgment as to the conditions upon which they are
invited to interest thenselves in the construction of
that, if risks are to be taken, they may see
and understand them.
The need of guarding against the fallacy of follow¬
ing implicitly the experience of steam railroads in
a
road,
so
them with open eyes
The essentials in
con¬
railways—particularly of the inter¬
convenience in taking the
classifications adopted by the Inter-State Commerce
roads and electric
urban class—there is great
Commission.
.
Under Section 20 of the Act to
Regulate Commerce,
lays dowin the cost of construction
under the three main heads of Road, Equipment and
the Commission
Expenditures.
These are divided into no
thirty-four primary accounts for the
road expenses; and there are five sub-divisions in
each of the general accounts for equipment and gen¬
eral expenditures.
This last class consists of the law
expenses, interest, injuries and damages, taxes and
miscellaneous.
The equipment charges are those for
General
fewer
than
locomotives, other rail equipment and miscel¬
equipment.
The details of railroad construction being of such
cars,
laneous
description, fixed rules are out of the ques¬
a fair average may be obtained.
The limits
may be marked off of maximum and minimum ex¬
penditures for each item that may reasonably be ex¬
pected to cover the cost of any projected interurban
railway under the usual conditions.
varied
tion, but
Following the plan of analyzing, under the InterCommission's schedules, the con¬
State Commerce
struction of ten
typical electric railways
now
in
oper¬
ation, Mr. Louis E. Fischer of St. Louis, Mo., has
arrived at some definite conclusions concerning the
costs that may be of excellent service in guiding those
intending to build a road, while they enable the lay¬
man
investor to understand just on what objects
and in what relative proportion for each detail of
construction and operation
his money is to be
spent.
•
The results of Mr.
,
Fischer's study, published in
form by the "Electric Railway Journal,"
specific answers to difficult questions relating
definite costs wrhich hitherto it has been hard, if
summary
makes
to
not
impossible,
to
obtain.
Used carefully,
will afford assistance of much value
technical
ESTIMATING THE COST OF AN ELECTRIC
electric railway has already
struction, however, being much the same for steam
The
six inches in diameter and are in use on
an
alluded to elsewhere.
been
a
in
3
ELECTRIC RAILWAYS
Sept., 1913. J
and
general
estimates for
as
a
any
they
«
basis for
new
line
The figures cited confirm the opintion that there is a very great comparative difference
•construction.
between the amount
mile of track for
the steam road and
the electric road, respectively.
The average age
of the existing electric interurban lines is only about
five or six years, and it is a reasonable inference that
a
sufficiently high standard of maintenance under
such a condition has not been generally adopted.
expended
per
construction and maintenance by
Ti}e examination also indicated that the average
minifnum. expenditure for way and structures on
normal electric interurban railways is only about onehalf of that for similar steam railways.
Making
allowance
for the
greater volume of heavy traffic
moved
by the steam railroads and the lighter equip¬
road, it may be concluded that
the electric interurban railways are not now bearing
the burden, of construction and operating costs un¬
ment of the electric
der the
heading of way and structures that they will
ultimately have to bear.
.;
It is stated
average
electric
by Mr. Fischer that the approximate
cost of constructing the existing normal
railways which he took as examples was
about $35,000 per
mile of track.
The minimum pri¬
construction cost for a proposed electric inter¬
urban road is put by him at $26,720 and the maxi¬
mum at $58,650.
The greatest latitude in this varia¬
tion is assigned to the accounts for grading, which
rise from $2,500 to $6,000 per mile of track.
Rightof-way is estimated to vary from $2,000 to $4,000,
and bridge work the same.
For the electric opera¬
tion proper, the transmission system is calculated
to cost from $500 to $1,200 per mile of track, the
mary
distribution
system from
$1,500 to $5,000;
power
plant buildings from $600 to $1,200; sub-stations,
$300 to $500 and power plant equipment from $2,000
,
4
to
ELECTRIC RAILWAYS
$4,500.
mated^
track
The electric equipment of cars is esti¬
range between $600 and $1,600 per mile of
The ten roads
on
which
these estimates
basedjiave^trackage varying from 46
are
to 222 miles.
DISPATCHING BY TELEPHONE ON
ELECTRIC RAILWAYS.
The
rapidity with which steam railroads are sub¬
stituting the telephone for the telegraph in traindispatching operations is plain proof of the satisfac¬
tion derived by the managers of the lines which have
adopted the new system. No more than two or
three years ago.it was a venture to break away from
the telegraph.
The change was made in some in¬
stances with misgivings and apprehensions.
But
train dispatching by telephone has now become well
established in the customary order of things in rail¬
way operation, and great trunk-line roads are extend¬
ing its use to every division of their systems on the
practical experience of its results within a compara¬
tively short space of time. Had funds been forth¬
coming to meet the expense of the alterations and
the purchase of the new equipment under more
favorable conditions of the financial market, there
is little doubt that the increase in the mileage of
steam railroads operated by the telephone as com¬
pared with the telegraph would have been greater
than it has been.
*
It is a matter of some wonder, therefore, that in
reviewing recent progress of electric railway construc¬
tion and operation, there is not manifest in a corre¬
sponding degree this universal application of the tele¬
phone in its use for operating street railways and
interurban electric roads.
■
tween
account
*
Inherent differences be-
city trolley lines and long-distance roads
for
this
in
some
measure.
Street
may
traffic
operation naturally does not require the use of either
telegraph or the telephone.
Where these city
lines have suburban tracks and branches, a semaphore
system brought into vogue at the start of roads of
this class thirty or forty years ago is still commonly
retained and found useful enough for practical needs.
It is only thirty-seven years since the telephone
itself was invented, and as its practical and commer¬
cial subsidiary uses in relation to railways have one
by one been discovered and brought into play in the
course of its development; the rate of progress may
perhaps be considered sufficiently rapid.
Another reason may lie in the fact that in the for¬
mation of companies starting electric trolley and
railway systems in and between cities, questions of
operation have not been the first consideration, but
have been subordinated to those of promoting and
financing. Mistakes of this nature in the early
days of electric traction are largely responsible, for
omissions to obtain fully efficient operation by use
of the latest scientific apparatus and.trained em¬
ployees and have in too many instances caused the
losses and reorganizations that have checkered the
electric railway field.
/
It would appear that in the interurban class of
electric railways this initial defect is not being over¬
35 circuits
ern.
looked in the latest instances of construction.
Sev¬
Examples of comparatively long-distance_ lines
show that from the outset of their career they will
be equipped" with the most modern devices of dis¬
patching by telephone. Particularly in the South
and Southwest development is noticeable in this direc¬
tion, so that electric railways pay be said to be fol¬
lowing in a modest way the practice of the steam
railroads.
According to the latest enumeration, the mileage
of tracks
over
which trains
are
run
under the dis¬
patching system by telephone has now reached
75,000.
On the trunk steam railroads the Delaware
Lackaware & Western has completed its installation
over the whole system.
The Atchison Topeka &
Santa Fe> the Atlantic Coast Line, the Lehigh Valley
its Eastern system and 386 on its West¬
The Northern Pacific has
use
of the selector.
It is found best to have two cir¬
cuits in parallel, one to be used as a train wire for
dispatching trains and controlling their movement
at any of the way-stations along the division, covering
from 100 to 160
for
carrying
matters
miles, the other for a message wire
relating to routine work and
messages
other
than
those
of
train
the
dispatcher will be able to control the movement
freight trains along the circuit with its ten waystations between the terminal at Jersey City and the
busy yards at Waverly, N. J.
The "Big Four" (the Cleveland Cincinnati Chicago
& St. Louis) has set about installing the apparatus
on two of its
long divisions, one between Minneapolis
and Kankakee and the other between Indianapolis
and Springfield,,O.
The Denver & Rio Grande has
ordered the substitution over its line between Ogden,
Utah, and Grand Junction, Colo., while the Buffalo
Rochester & Pittsburgh RR. will soon have no fewer
than five additional circuits in operation.
of
In
the South
railroads to
of the first
one
for traffic control is
the
Waco
Dallas &
Corsicana
Electric Interurban Road of Texas, which is owned by
the Southern Traction Co. of Dallas, Texas, a recent
incorporation.
Two branches will be equipped with
selective signaling
and telephone apparatus, one
from Dallas to Waco; a distance of about 100 miles,
and the othet from Dallas to Corsicana, a distance
of about 60 miles.
will be installed
A train wire and
over
a
each branch and
message wire
a total of 34
way-stations equipped.
Charlotte, N. C., is another centre of similar de¬
velopment under consolidation of various light and
power companies and railway properties existing or
projected. Under the control of the Southern Power
Co., lines are being constructed connecting busy
cotton factory towns in North and South Carolina.
A line of 32 miles from Greenville to Spartanburg
is practically completed, while trackage of 61 miles
between Greenville and Greenwood with a 10-mile
extension to
Anderson is in
operation. The Pied¬
Co., also one of the Southern Power's
interests, is building about 37 miles of road between
Charlotte and King's Mountain, linking up Mount
mont Traction
Holly, Lowell and Gastonia.
The greater part .of
operation for nearly a year.
An extension contemplated will bring the area cov¬
ered by the system in this progressive Southern
this road has been in
district within direct electric railroad communication
of
Atlanta, Ga.
new lines are planned to
improvements in operating
All these
start with all the latest
so that efficiency may be secured.
best standard system of catenary power current
equipment
is carried out in the Carolinas
no
The
lines
less than in the
Northwestern
States, where the Oregon Electric Ry.
is a typical interurban road with a total length of line
of 154 miles.
This railway, the entire common stock
of which is owned by the Spokane Portland & Seattle
Ry., does no street railway business.
It
for its power with the Portland Ry., Light
Co., but proposes to build
of the interurban
adopt telephone dispatching methods
electric plant at Clear Lake, near
are all
proceeding to
The Pennsylvania has
The
telephone has been extensively installed by the
Pennsylvania on the divisions west of Pittsburgh.
They are placed in shelter boxes at sidings and then
connected to telephone circuit lines running to the
nearest train wire way-station.
One of the most
significant recent steps in the progress made is in the
complete equipment with telephones and selective
signaling apparatus of the Jersey City freight yards.
From the freight train director's office in Jersey City
and the Louisville & Nashville
accomplishment.
control.
block
the
same
XCVII.
2,300 miles under
telephone operation, the Great Northern 1,400, the
Chicago Burlington & Quincy 3,200, the Missouri
Pacific 907 and the Missouri Kansas & Texas 1,676.
The Erie RR. has equipped 700 miles with 300
waystations, any one of which can be exclusively called
from the headquarters of the division
through the
the
eral
on
[VOLi
a
30,000
contracts
& Power
h.p. hydro¬
Eugene.
Railways.
Electric
SECURITIES AND REPORTS
j
This is one of our six Sections or Supplements.
In using the series it is to be remembered that they are inter-dependent
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:
"STOCK AND BONDS."—Under these words are shown—
"stock," and against this is the par value of single shares.Tor example.
charter or by Act of Legislature, $200,000, divided into sharesiof $100leach; j"f.Xp.'
"STOCK."—The amount of stock authorized immediately follows the word
"Stock, $200,000 ($100)," means stock, total issue authorized by
following the amount given as outstanding means "full paid."
"Pref."
"preferred stock."
means
"Pref. 6% cum.
means
,
preferred stock entitled to dividends of 6% per annum, such dividends if not paid
stock receives anything. "Pref. 6% nonthe dividend for that year will not be paid
accumulating, all dividends due and unpaid to be paid in full for each and every year before the common
cum." means simply that the stock is entitled to 6% per annum if earned, but that if unearned in any year
sufosidouoTitly
"BONDS."—"Mort."
^
"M." means mortgage.
"Consol." or "con. M." means consolidated mortgage.
"Gen. M." means general mortgage.
is the total authorized amount that can be issued under the mortgage.
The word "gold" is usually spelled out, but in some
"g," while "cur." means currency.
i
convertible into stock.
"S. f." means sinking fund,
"c." means coupon; "c*" means coupon but may be registered as to prin¬
or
The amount next following
instances is contracted to
"Conv."
means
fully registered (no coupons); "r*" means registered, convertible into coupon bonds; "c*&r*" means registerable in either form
the reverse; and "c*&r" means that registered certificates without coupons as well as coupon bonds
outstanding.
The letters "p. m." mean per mile, so $15,000 p. m. means that the issue of bonds is restricted to $15,000 for each mile of track.
means guaranteed, and "guar. p. & i. (end.)" means guaranteed as to principal and interest,
the guaranty being endorsed on each bond.
cipal; "r"
means
convertible from registered to coupon or
and
are
"Guar."
"DATE."—The date of issue on the face of the bonds
able
is indicated under the word "date."
"INTEREST."—Under this heading is given the rate per cent yearly of the interest payable on the bonds or (if guaranteed) of the dividend
on the stock; also the months when the interest or dividend is payable; thus "6 J-J" means 6% per annum payable January and July;
pay¬
correspond¬
ingly "F-A" is used to mean February and August; "M-S" means March and September, and so on; while "Q-J means quarterly beginning!in January
and "Q-F" quarterly beginning in February.
(The day when the interest payment is due can generally be determined by noticing when the loans
mature, the day of the month there given being in most cases the same as for one'of the interest dates).
"track" means in street railway parlance all track, whether main line, siding, switch or second
that each rail weighs 80 pounds to the yard.
'"ROAD."—The word
girder"
means
A full Index
showing where each railway will be found is given in the closing pages
AKRON,
ORGANIZATION.—Incorp. in Ohio as successor in Nov.
Northern Ohio Traction Co., having exchanged its securities
1902 to the
for the com¬
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
40% are perpetual.
In 1906 acquired control of the Canton-Akron Consol.
Ry., and guarantees that company's $2,500,000 consol. 5s, prin. and int.
V. 83, p. 435, 849.
Also owns entire capital stock of Akron Wadsworth &
Western Trac. Co. and guarantees its bonds, prin. and int.
In Sept. 1907
Northern Ohio Trac. & Lt. shareholders were allowed to take £1,000,000
new stock at $20 per share.
Common stock listed on N. Y. Stock Exchange
mon
1909,
and common stockholders were allowed to subscribe
for $1,640,000 new pref. stock.
V. 94, p. 1384, 1186, 417.
In Oct. 1912 made a 5-year contract for the lighting of the city of Akron.
On July 14 1913 applied to Ohio P. S. Comm. for authority to issue re¬
maining $360,000 pref. stock and $2,680,000 bonds, about $2,200,000 to be
used as collateral for the $1,500,000 serial 6s.
V. 97, p. 176.
In May 1912 pref.
at par
STOCKAND BONDS—
Date.
Maturity.
$9,000,000 Sept '13,1 ^
2,640,000 Oct '13, IV
300,000 Sept 1 191
at Central Tr. Co., N. Y., Trustee.
5 g J-J
2,700,000 July 1 1919
Interest at Central Trust Co., N.Y., Trustee,
or Citizens' Sav. & Trust Co., Cleveland.
000($1,000);M covers27.4m Interest
Northern
Ohio
Trac,
1899
mort
$3,000,000 ($l,000)-_c*
g,
3,100,000 Jan 11 1933
4&5 g J-J
1903
Ohio Traction &
Light 1st consol ($1,000),
j gold, $7,500,000
c*
Northern
Int. at Cit. Sav. & Tr. Co., Cleve., Trustee,
or at First Nat. Bank, New York.
See text July
5 g
1906
Ak Wads & West mortgage,
$500,000 guar ($ 1,000)
Northern Ohio Trac & Lt col
1 1933
-
trust mortgage,
.
6 Q-F
1,500,000
See text
Int. at Cit. Sav. & Trust Co., Cleveland,
Trustee, or First Nat. Bank, New York.
1913
$1,500,000
($1,000)
c
Stock.—Pref. is red., all or part, at 110 and div., on any div. date after
191Q.
Is prer. as. to div. and assets and has full
V. 92, p. 956; V. 95, p. 48.
April 1
voting power
bonds, $300,000 are
of 1895.
Bonds listed
Bonds.—Of the $3,000,000 Northern Ohio Traction
reserved to retire the Ak. Bed. & Clev. gen. mtge.
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.;
on
$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 $200,000 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.
Date.
STOCK AND BONDS—
M $2,500,000, gold,
1906
Consol
p
Canton-Akron
Canton-Massillon
1st
g
J-J
1910
Trustee, or First Nat. Bank, New York.
5 g M-S
1,150,000 Mar 1 1922
$1,293,271
1,201,498
1,088,463
[216.47 miles of track)-$2,996,037
[215.76 miles of track). 2,694,024
[215.20 miles of track)* 2,437,426
1900
5 g M-N
at Standard Trust
'
Co., New York.
1903
5 g F-A
565,000 Feb
1 1923
gold ($1,000)
c* Int. at Am. Ln. & Tr. Co., Boston, Trustee.
1896
6 g J-D
100,000 June 1 1916
Tus
RR
1st
M, $100,000
($500), gold- —L
—' Int. at Cleve. Tr. Co.,.Cleve., O., Trustee.
5 J-J
51,000
See text
Lake V L & I mortgage
1st M Can & N P, $1,000,000
'
Surplus.
$770,203
670,466
567,394
463,519
987,585
524,066
on
dividends of $382,500
com. and $49,930 (3%, representing lxA% paid Oct. 1912 and 1^% Jan.
1913) on pref. stock were paid, leaving $337,774.
Dividend -on pref
shares prior to Oct. 1912 were charged to capital account as new power¬
.v,„
house and
car
barns
under
were
construction.
OFFICERS.—Pres., H. A. Everett, Willoughby, O.;
V.-Ps., E. W.
Moore, Cleveland, and Will Christy, Akron; V.-P. & Gen. Mgr., Chas.
Currie, Akrbn; Treas., J. R. Nutt, Cleveland; Sec., C. F. Moore, Akron;
Aud., C. H. Lahr, Akron.
General offices, Akron.—V. 93, p. 1534, 1789;
V. 94, p. 124, 345, 417, 1186, 1384; V. 95, p. 48, 481, 1473, 1542; V. 96.
p. 355, 1365;
V. 97, p. 176, 803.
.
ALBANY,
N. Y.
UNITED TRACTION.—A trolley road.
The Delaware & Hudson Co.
V. 81, p.*1552;
The D. & H. also owns the Troy & New England and the
Traction, and a half interest in the Schenectady Ry., the
New York State Railways owning the other half.
Entire stock is owned by
^
V. 82, p. 160.
Plattsburgh
ORGANIZATION.—Chartered Dec. 30 1899 as
a/consolidation of the
Albany Ry. (chartered in 1863), the Watervliet Turnpike & RR. (char¬
tered in 1828) and the Troy City Ry. (chartered Jan. 31 1866).
See V. 69,
p. 1147, 1300; V. 70, p. 77.
Has contract with Hudson River Electric Co.
of Albany for supply of power.
-V. 69, p. 541, 909.
Franchises in Troy
and Albany, except that of the Capitol Ry. 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 RR.,, Schen¬
ectady Ry. and Hudson Valley Ry., by which cars of the first two roads
are run into Albany and
cars of the Schenectady Ry. and Hudson Valley
Ry. 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; $119,100 of the
stock andal 1 of the bonds of the new company are deposited with
Trust Co. of New York as security for bonds of the Albany Ry.
the Central
Acquisition of Hudson Valley.—In Dec. 1906 acquired a majority of the
stock and bonds of the Hudson Valley Ry. Co. and increased its own stock
$5,000,000 to $12,500,000 to finance the purchase.
V. 84, p. 52.
"~STOCK AnD™BONDs—
i)ate.
Interest. Outstanding'. Last div.,&c.
$12,500;000
4 J-J
' $12,500,000 July '13, 2%
Debentures, $456,000, gold! 1901
4HgM-N
456,000 May 1 1919
($1,000)..
r/lnt. at National Commercial Bank, Albany.
Cons mtge, $6,500,000, gold!
1904
4A g J-D
2,588,000 June 1 2004
($1,000)
c*/Int. at Central Trust Co., N. Y., Trustee.
Bonds.—Of the consol. mtge. of 1904, $3,912,000 is reserved to retire prior
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 4XA%.
The debs, may be
called on any int. date on 3 mos.' notice at "a 5% int. rate for the unex¬
pired term as calculated in standard int. tables."
V. 73, p. 1113.
from
Stock (par $100),
SECURITIES
STOCK AND BONDS—
850,000 May 1 1920
'
Interest at Cleveland Trust Co., Trustee, or
$523,068
531,032
521,069
1909 v214.88 miles of track). 2,177,642
Out of the $770,203 surplus for 1912,
Int. at Knickerbocker Tr. Co., N. Y., Trustee
—
-
of the book.
OF
ALBANY RAILWAY.
'
mort
$1,000,000, g ($1,000)
1911
1902
1st mortgage,
$2,000,000, g ($1,000)-_c*
Maturity.
a$2,017,000 Jan
11933
Interest. Outstanding.
5
Int. at Citizens Sav. & Trust Co., Cleveland,
& i by North Ohio
Trac & Light ($1,000)—c«
guar
1912
Interest. Outstanding.
Q-M 15
Q-J
5 g M-S
Stock, com. $10,000,000($100)
Pref, $3,000,000(1100) 6%cum
Ak Bed & Clev 1st M, $300,-/
1895
"Rails are 8§-lb.
REPORT.—For calendar years (1912 report in V. 96, p. 355).
Gross.
NetiafteiTax.) Charges.
OHIO.
NORTHERN OHIO TRAC. & LIQHT CO.- -Trolley (See Map, p. 6).
in March
track.
Date.
Fifth
mortgage
Consol M
($500,000).
gold!
1888
1890
Maturity.
$32,000 Sept 1 1913
428,000 Jan
1 1930
Trust Co., New York.
496,000 June 1 1947
Outstanding.
Interest.
5 M-S
5 g J-J
($1,000)
c* j Interest at Central
5 g J-D
General mortgage, $750,000,1" 1897
gold,
/Central Trust Co.,
New York, Trustee.
Leased Line Securities—
the Tuscarawas
Bonds.—Of the $2,500,000 consol. bonds, $100,000 are reserved to retire
RR. 6s and $383,000 are reserved for ext. and impts. at
350,000 May 1 1919
i__/Boston Safe Den, & Tr. Co., Boston, Trustee
/ 1890
6 M-N
150,000 May 1 1919
M
'
(Metropolitan Trust Co., N. Y., Trustee.
The Albany Ry. general mortgage of 1897 was for $750,000, of which
$254,000 was reserved, but consolidation made reservation inoperative.
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-N ew Philadelphia bonds 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.
Troy City 1st con M, gold,! 1892
5 g A-O
$2,000,000 Oct 1 1942
$2,000,000
c*&r/lnt. paid by Trustee, Central'Trust Co.,N.Y.
The Troy City leased roads Include Troy & Cohoes, stock $50,000, divs.
under lease, 7%; Lansingburg & Cohoes, stock, $15,000: divs. under lease,
.
Of this amount, $1000,000 are
a
pledged under N
.
O. T. & L. coll. trust
'
mtge.
was issued in 1911 and dividends of 1V% quar.
Dividends on com. were begun in 1906 by the declara¬
payable in quarterly installments of >£% from June 15 1906.
V. 82, p. 1213.
In 1907 2% was again declared, payable in quarterly in¬
stallments from June 15 1907.
In 1908, June, K%«
Rate then reduced
Rate then
and declared Sept. M%; Dec., V%.
In 1909, Mar., M%.
regularly paid.
tion of 2%,
In 1910,
again increased, and declared June, M>%;Sept., H%;Dec., H%.
In 1913, Mar.; 1~M%\ June,
In 1912, 4H%.
2M%.
In 1911, 3H%-
Sept., 1 M%.
PLANT.—Line extends from Cleveland through Akron, Canton, Mas6illon 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 Jan.-l 1913, operated 216.47 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.
Rails, 50, 56, 70
and 80-lb. T and 73-lb. girder; standard-gauge; operates 340 cars and
7 snow-plows and sweepers.
Embraces electric-light systems of Akron
1H%\
and
Barberton.
1889
6 M-N
1st M int guar__,__
2d M, p
& int guar
.
Dividends.—Pref. stock
are
1
Wat T & RR—
,
SECURITIES
OF TROY CITY
Date.
7%.
The Waterford &
Interest.
RAILWAY.
Outstanding.
Maturity.
Cohoes RR. $25,000 stock receives 7% yearly
under lease.
DIVIDENDS.—First quar. div., 1^ %, was paid May 1 1900; same rate
continued up to and incl. July 1905.
For year 1906 5K% was paid.
On
Dec. 31 1906 stock was increased from $5,000,000 to $12,500,000 and divs.
made semi-annual (J-J) and 2A% paid July 1 1907, 2V£% Jan. 1 1908
and
2% each six months since to and incl.
July 1913.
iJ ROAD.—Operates 100.82 miies of track, of which 81.95 miles owned,
connecting Albany, Troy, Cohoes, Rensselaer, Watervliet, Lansingburg,
Green Island, Waterford, &c.
Has 448 cars, including 15 snow-plows, 9
sweepers
and 12 service cars.
Standard gauge.
REPORT.—Years ending Dec. 31
1912.
1911
1912,
'
1911.
$1,109,341 $1,065,051
Gross earns_.$2,389,751 $2,332,378 Total net
608,026
564,260
Operating exp. 1,524,488
1,485,837 Charges&taxes
500,000
500,000
Net._-_
865,263
846,541 Div. (4%l
791
1,315
Other income.
244,078
218,510 Balance rsurp.
ANNUAL
—
ELECTRIC
RAILWAYS
[VOL.JxCVII.
MAP OP THE
AKRON
THE NORTHERN OHIO TRACTION & LIGHT 00.
SYSTEM.
House
•JNDEPENDENC]
BECjFORb
ird's cross ini
BEDFORD
^-/graham road
IORTFJFI^LD
N
VNOR.TH FIELD
BRECKSVILLI
|k
LittleV"
\\
SOUTH
smiimt
rvBarri
[mm
(QSTQN
ICHFIELD
RAVENNA
S/o/'agie
iorthampton'
|1)
Power Hcf,
BATH
Barn&oQV* HOG!;
EDINA'
>rff<Z#\ A L
s/h7!
To
yl TAL|JW4\DGE|
BRIMFIELD
Canton
fflOQTSTOWN
MONTV1LLE
SHAFfON
v
:
/ |
/
N
„r—5-
/WL\Y
E DI N A
—rivi
r1—
Mjgaaore
GUILFORD
WADSWORTH
5SZ
Seville
p.ringficld
'AKRON
WADSWORTH
SlFFIEtD
RANDOLPH
nwn V
BARBER TOV
|G FIELD
TSub^Sjti
Rittman
CSteilmg
/Doylestd
CHIPPEWA
MILTON
i
MARLBORO
FRANKLIN:
GREENTOWN
MASSILLON
/|J
§ IFo State Hospltul
Canal Fi
CUYAHOGA FALLS
JACKSON
PLAIN
Car Bal
NIMISHILLEN
Car^Barrh
LAWRENCI
Power HouseS
Louisville
CANAL
I
t
DOVER
CANTON
BROOKFIELD
It
a
<
I
I
OSNABURG
jlSCA^AWAS
CarS>,Barn
\CANTOl
Sub-Station
Justus
T*V«.0|
%
SANDY
BETHLEFffiM
j BEECH
„
OJXy^^*^
'—
RENCEifsANDY
sTBAusBUR^y FRANKLIN
To Meuer'a Lake
DOVER
^FAIRFIELD'
The MoKlnlei
Monument
V
CANAL DOVER
Power
NEW
L
House'
PHILADELPHIA
newA-/_
gRH I:LA DEL! RH fA
I
OVALE/
I{Pouter
WARWICK
H
RI.C H SVTCLE
r
NEW'PHILADELPHIA
MILLW
CANTON
OFFICERS .—Pres., L. F. Loree, N. Y.; V.-P., C. S. Sims; V .-P.. W. H.
Williams, N. Y.; Asst. to Pres., W. B. Schofield; Sec. & Aud., W.H. Elder;
Treas., H. F. Atherton, Albany; Act. Gen. Mgr., James F. Hamilton.
Principal office, Albany.—V. 83, p. 1381; V. 84, p. 932, 1368, 1429; Y. 92,
p. 1312.
(1)
Hudson Valley Railway.—A
trolley road.
ORGANIZATION.—Incorp. Aug. 14 1901 as a
Falls Sandy Hill & Fort
consolidation of the Glens
Edward Street Ry., Warren County
Electric Ry.,
Mechanicville Street Ry., Greenwich & Schuylerville Street
Ry., Saratoga Traction Co. and Saratoga Northern Ry., the capital stock
of these roads being exchanged for stock in the new company.
V. 73, p .391.
Carries freight and express as well as passengers.
80 % private right of way.
are
all
perpetual. Owns all the stock($200,000)
and all the bonds
($200,000) of the North River Ry., a road operated in Saratoga by this co.
In i906 part of the consol. 5s were converted into debentures in accor¬
a plan for the re-adjustment of the company's finances.
V. 82,
In March 1906 authorized $2,500,000 preferred stock to provide
"Bs."
V. 82, p. 751.
dance with
p.
1040.
for the convertible feature of the debenture
STOCK AND BONDS—
Interest.
Date.
Maturity.
Outstanding.
Common, $3,000,000, par $100
$3,000,000
Preferred
($2,500,000
(seef
See text
text), 5% non-cumulative, j
First consolidated mortgage! 1901
5 g J-J
2,472,000 July 11951
$4,000,000
(denomination]Interest at Manufacturers' Nat. Bk., Troy.
$1,000 gold)
c* (May be called at 110 & int. on any int. date.
Deb "A" Income, $700,000._ 1906
5 g
474,000 Jan 1 1951
Deb "B" Income. $2,500,000. 1906
2 g
2,500,000 Jan 1 1951
Underlying Liens—
G F S H & F E 1st M (no opt) V 1891
6 J-J
100,000
See text
($500 and $1,000) gold
cjCentral Trust Co., New York, Trustee.
do
2d M ($500) gold.c/ 1893
6 J-J
50,000 July 1 1913
[int. at Merchants' Nat. Bank, Glens Falls,
do
3d M ($150,000). —/ 1901
6 A-O
82.000 April 1 1921
(May be called at 100.
Bonds.—Of the $4,000,000 M. of 1901, $232,000 is set aside for prior liens
and $1,290,000 have been deposited as coll. for temporary loans.
The deb.
"B" bonds are conv. into pref. stock to Mar. 1 1917, 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 for one year. To be replaced by like amt. of consol. M. bonds.
„
,,
REPORT.—For fiscal year
ending Dec. 31 1912, gross,
$633,942; net,
$237,956.
ROAD.—Main
extends from
line
motives and 7 express cars.
Troy northward along
the Hudson
Company owns Kaydeross Park, at Saratoga
and Thomson.—V. 89, p. 286.
Lake; Ondawa Park, between Greenwich
ORGANIZATION.—Incorp. in Iowa in 1907.
Has acquired Albia Elec.
business
right of
except in Albia.
V. 95, p.
Int. is payable in Allentown or at office of Brown Bros. &
Of the ref. and imp. bonds reported outstanding, $219,000
750.
Phila.
Co.,
in treasury.
are
subject to call on any int. date at 105
Lehigh Vaifey Lt. & P. bonds are
V. 97, p. 365.
Dividends.—Initial div. on pref.,
and interest.
1%, paid Nov.
2%; in 1913, May, 1%.
Latest Earnings.—For year ending June
In 1912,
10 1911.
30 1913, gross, $1,661,961; net,
bal., $417,511.
$952,101; int., taxes, &c., $534,590;
REPORT.—For fiscal year ending Nov. 30 1912 (V. 96, p. 355):
Passenger
Other
Total
Net
Fixed
Balance,
Year—
Receipts.
Income.
Income, Earnings. Chges.&c. Surplus.
1911-12
$1,242,007 $283,892 $1,525,899 $875,820 $501,378*$374,442
Fiscal
1,141,138
1910-11
♦
749,260
1,341,718
200,580
294,676
454,584
surplus in 1911-12 there should be deducted divi¬
(2%) on the preferred stock, leaving $274,876.
From the $374 ,442
dends of $99,566
ROAD.—Owns 122 miles of road
and 15 miles of second track, connect¬
ing Allentown, Bethlehem, South Bethlehem, Hellertown, Nazareth,
Siegfried, Coplay, Catasauqua, Egypt, Emaus, Macungie, Slatington.
Quakertown, Perkasie, Lansdale, Norristown, Ambler and Philadelphia.
Leases 10 miles and controls 11 miles through stock ownership.
Total
80-lb. rails.
158 miles.
oper.,
Owns a large amusement park
about mid¬
between Allentown and Bethlehem.
Has 41 open, 108 closed and 36
cars.
A 2-600-ft. bridge between Allentown and South Allentown is
way
Interest.
Date.
Outstanding.
EARNINGS.—For 12 months ending Dec. 31 1912, gross,
after taxes, $28,439; int.,
Maturity
$67,890; net,
and to Hiteman.
is under construction.
ROAD.—Owns 10 miles of road from Albia to Hocking
OFFICERS.—Pres., L. T. Richmond, Albia; V.-P., C. A. Ross; Sec.,
Calvin Manning; Treas. & Gen. Mgr., E, C. Manning, Albia.;;—V.93,p.468.
ALLENTOWN, PA.
LEHIGH VALLEY TRANSIT CO.—A trolley road.
(See map on p. 8.)
ORGANIZATION.—Incorp. in Pa. on Nov. 3 1905 and is a reorganiza¬
tion under foreclosure of the Lehigh Valley Traction Co.. the Philadel¬
phia & Lehigh Valley Traction Co., the Allen town & Slatington and the
Coplay Egypt & Ironton Street Ry., 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,
cutting down running time between Allentown and Philadelphia (City Hall)
from 4)4 to 2)4 hours.
A 14-mile cut-off on this division is under construc¬
tion, which, it is expected, will further cut down the running time between
these points considerably.
In April 1913 purchased controlling interest in
stock of Easton Consolidated Electric Co. (V. 96, p. 1022), which see under
Easton.
Also has a half interest in the Norristown Traction Co.,
Fran¬
chises perpetual.
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.
Conducts through trolley freight service between
Allentown and Philadelphia.
V. '91, p. 716.
Late in 1912 made a contract
for express service with Adams Express Co.
In Mar. 1913 the Allentown Elec. Lt. & P. Co., Halcyon Elec. Lt. & P.
Co. of South Bethlehem and the Whitehall Emaus, Slatington, Hanover,
South Allentown, Salisbury, Fountain Hill, 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
$1,000,000 ($850,000 com., of which $491,000 outstanding; $150,000 pref..
none out; par of shares, $100).
#***="-8!
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.
the following stocks:
Cap. Stock.
Name of Company—
Owned. Tot. issue.
$491,000 $491,000
8,010
8,010
....
275,000 300,000
'
Lehigh Valley Light & Power Co. (common)
Allentown Bridge Go.
Quakertown Traction Co
Rittersville Hotel Co
Leases Bethlehem & Nazareth Passenger
100,000
100,000
Ry. for 999 years at 5% on stock
and bonds.
$15,000 per annum.
In 1911 offer of
Lehigh Valley Trans. Co. to acquire Quakertown Trac. bonds was accepted
by all but $40,300 of the bonds.
V. 91, p. 716, 1096; V. 92, p. 323, 528,
Quakertown
Trac.
for
**4
660, 882.
June
20
1913
the shareholders
authorized
an
collateral notes for the purchase of control of the Easton
See V. 96, p. 1489, 1772.
issue of $1,000,000
Consol. Elec. Co.—
Stipply of Power.—In Sept. 1913 was arranging for a supply of power from
the Lehigh Navigation Electric Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $3,000,000, par $50
$2,997,350
Pref, $5,000,000, par $50—1
M-N
4,979,687 May'13.1%
5%, cum after Nov 3 1910. J
First
mortgage,
$5,000,0001 1905
4-5gM-S
4,957,000 Dec 1 1935
gold ($1,000)
c/Guaranty Trust Co., New York, Trustee.
Consol.
mtge.
$7,500,000,1 1905
4-5 g J-D
354,000 Dec 1 1935
gold ($1,000)^
.../Lehigh Valley Tr. & S. D. Co. Allentown,Tr.
Ref & imp mtge $15,000,0001
1910
5 g J-D
4,334.000 June 1 1960
gold ($500 and $1,000)—c*/LehighValley Trust Co., Allentown, Trustee
Beth. & Nazar St Ry Stock
150,000
5% guar
Bonds
5 M-N
150,000 May 1 1929
Allentown Bridge mortgage! 1912
5 J-J
225,000
1942
($1,000)
;
/Guar. p. <fe i. by Lehigh Valley Transit Co.
—
....
Bridge Co., which is almost com¬
pleted.
„
V.-P., H. C. Trexler; Sec. and
M. Walter.—V. 92, p. 187, 523, 725,
1786; V. 94, p. 698, 982, 1186, 1383;
47. 750, 1684, 1746; V. 96, p. 355, 360, 947, 1022, 1297, 1489,
OFFICERS.—Pres.,
P.
R.
Stevens;
Treas., Chas. N. Wagner; Aud., C.
882; V. 93, p. 871, 940. 1022, 1725,
V.
95,
p.
1772; V. 97, p. 365,443, 521.
(1)
Easton Consolidated Electric.— (See
Map, page 9.)
April 1913 the Lehigh Valley Transit Go. acquired a controlling inter¬
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 install¬
ment of $5 per share was called on stock.
V. 78, p. 2011, 2442.
Dividend
In
est in the stock.
share on the stock; the dividend was
assessment of $5 per
and
and
-
time called an
credited on the
Cash divi¬
83, p. 687;
assessment, making the stock 50% paid in.
V. 81, p. 1791,
dends resumed in Oct. 1906 by the payment of 2H%. V.
2)4% Oct. 1 1907; then
dividends
were
In 1912, 4%. In 1913,
Sassed
until Nov.' 1911, when 2% was paid.
lay, 2%.
'
by stock ownership of the Easton
Edison Illuminating Co. of Easton, the Easton Palmer &
ORGANIZATION.—Consolidation
Transit Co., the
Bethlehem Street Ry. Co., the Easton & Bethlehem Transit Co., Northamp¬
ton Central Street Ry. Co. and the Easton & South Bethlehem Transit Co.
Owns all tne stock of the
Incorporated in New Jersey March 11 1899.
Penn. Motor Co.
&c., $14,910; surplus, $13,529.
An extension of 8)4 miles to Buxton
Leases
being built by the controlled Allentown
2)4% again paid April 1 1907 and
STOCK AND BONDS—
Stock, $250,000 ($100)..
$200,000
First M, $300,000gold ($100,T 1910
6 g J-D
235,900
See text.
$500 and $1,000)
c/lnterest in New York or Albia.
Bonds.—First mtge. bonds are subject to call after June 1 1913 at 101
and int.
They mature serially from June 1 1913 to 1930 incl. V. 93, p. 468.
.
all out and $2,230,000 are 5s.
Sept. 1903, 4% on $15 paid in.
In Dec. 1905 declared a dividend of $2 50 and at same
Lt. & Pow. Co.
Does electric lighting, power and steam-heating
in Albia.
Franchises expire in 1931 andf 1932.
Road on private
On
—
$2,770,000 bear 4% interest and
$43,000 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. $2,500,000 4s were outstanding but $2,146,000 have been exchanged
for ref. & improv. bonds.
Int. on the consol. bonds is payable at the com¬
pany'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 $5,000,000
are reserved
to retire 1st M. bonds; $569,000 for consol. mtge. bonds
($354,000 to take up bonds shown in table and rest for bonds previously
taken up); $5,030,000 for additions, betterments and improvements, and
$101,000 for general purposes.
Bonds are red. at 105 and int. on or before
June 1 1920 and 110 and int. thereafter.
V. 92, p. 187; V. 94, p. 698, 982;
Bonds.—Of the $5,000,000 first mtge.,
Sayments
larch and
have
been
made:
1900,
3M
on $101903
paid (paid
in; Sept.
1901
Sept.
1902,
3% July
on $15
paid
in;%March
in July)
ALBIA, IOWA.
ALBIA INTERURBAN RAILWAY.
Owns
6%
Collateral notes, $1,000,000..
misc.
through the villages and towns of Waterford, Mechanicville, Stillwater,
Schuylerville, Thomson, Fort Edward, Sandy Hill, Glens Falls and Cald¬
well to Warrensburg.
The Saratoga Division, which branches off the
main line at Mechanicville, provides
a line from Troy to Round Lake,
Ballston Spa and Saratoga, with a branch from Saratoga Springs to Glens
Falls, via South Glens Falls, 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,
118.59 miles; second track, 10.60 m.; sidings, 8.57 m.; making a total of
137.76 miles of track.
Rails, T, girder and grooved, 48 to 141 lbs. Stand¬
ard gauge.
Operates 94 passenger cars, 7 snow plows, 2 electric loco¬
way
Maturity •
Outstanding.
Interest.
Date.
STOCK AND BONDS—
Lehigh Val L & P mortgage! 1913
5g A-O
$250,000 April 1 1943
$2,000,000 ($1,000, $500 &■ Lehigh Valley Trust Co., Allentown, Trus.
$100), gold
c* (Int. at co.'s office or BrownBros.&Co.,Phila.
are
Stillwater &
Franchises
7
ELECTRIC RAILWAYS
Sept., 1913.]
3 1908 the (old) Easton Transit
the Easton Palmer & Bethlehem
Street Ry. were merged into the
(new) Easton Transit Co. (V. 85, p. 1461) and in 1909 the Easton & South
Bethlehem Trans. Co. was also merged into the (new) Easton Transit Co.
Stock, $2,150,000; all owned by Easton Consolidated Elec.
STOCK AND BONDS.—Both the stock and the collateral trust 5s were
in Jan. 1900 listed on the Phhiladelphia Stock Exchange.
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,500,000 (par $501
'
50% pd.in. May '13,2%
Collateral trust $1,300,000 gj 1899
5 g M-N
$1,237,000 May 1 1949
($1,000 and $500)
c*\ Interest at Girard Trust Co., Phila., trustee.
1891
6 A-O
60,000 Apr
1 1941
Pennsylvania Motor Co 1st
Lack. Tr. & Safe Dep. Co., Scran ton, trustee
mort. (cannot be called)
1898
5 J-J
'
200,000 Jan
1 1919
Eas Pal & Beth Elec 1st gold
$200,000, cannot be called, 1 Int. at U. S, Mtg. & Tr. Co., N. Y., trustee.
Eaa&So Beth Tr 1st M $500,-/ 1906
5 g J-J
447,000 July 1 1936
000 guar gold ($1,000), _c* (Girard Trust Co., Philadelphia, trustee.
Bonds.—The coll. bonds have no s; f. and are not subject to call.
Of the
total of $1,300,000, $60,000 is reserved to retire the Penn. Motor bonds,
Issue is secured by a pledge of $2,150,000 stock (the entire issue) of the
(new) Easton Transit Co., 12,322 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. B. Smith &
Co.. Phila., or at company's office.
They are guar. p. & i. by endorsement
by the Easton Consol. Elec.
A sinking fund of $5,000 p. a. commenced
June 1 190S; $29,000 have been retired.
Bonds are suoject to call at 105 and
Consolidation of Subsidiaries.—On Jan.
Co., the Easton & Bethlehem Transit Co.,
Street Ry. and the Northampton Central
-
*
~~
_
.
\
int.
83,
.
p.
323.'
REPORT.—For calendar years:
Net Inc.. Netlnc. Tot.East. Bd.Int.,
Divs.
E. Tr. Ed.III.Co.Con. El.Tax.,&c.
Paid.
$427,536 $94,336 $24,783 $119,119 $69,685 (4)$30,000
401,736
87,479
27,886
115,365
69,692 (2) 15,000
Calendar Gross of
Year—E.Tran.
Bal.,
Surp.
$19,434
1911.
30,673.
ROAD.—Embraces practically the entire street railway system of Easton
and West Easton, Pa., and Philipsburg, N. J., with lines from Easton to
Bethlehem, South Bethlehem and Nazareth; total track, 53.847 miles,
operates through cars from Easton to Bethlehem and Sojuth Bethlehem.
1912:
101
1
cars.
V.-P., S. H.
A. Hazzard; Asst. Sec. &
794; V. 93, p. 940, 1024;
OFFICERS.—Pres., R. P. Stevens, Allentown, Pa.; 1st
Hackett; 2d V.-P., H. R. Fehr; Sec. & Treas., F.
Treas., S. H. Sargent.—V. 90, p. 697; V. 92, p.
V. 94, p. 630; V. 96, p. 789, 1021; \. 97, p. 53.
ALLENTOWN & READING TRACTION
In Feb. 1913 John H. Passmore,
town
&
CO.—A trolley road.
representing stockholders of the Kutzasking for the
Fleetwood St. Ry., instituted equity proceedings
appointment of
a
receiver.
ORGANIZATION.—Incorporated April 25 1898 and leased the Allen¬
Reading Electric Street Ry. for 290 years from June 4 1898.
On
Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street Ry.
Controls the Kutztown Light, Heat & Power Co.
Connects with United
Traction Co. tracks from Reading, thus forming a through line from Allen¬
town to Reading.
town &
Date.
STOCK AND BONDS.
Interest.
Outstanding.
Maturity.
$250,000
$250,000,1 1900
5 g J-J
250,000 July 1 1930
& $1,000-/Interest at Fidelity Trust Co., Phila., trustee
Stock, $750,000 (par $50)
First
mortgage,
gold, $100, $500
First M Kutztown & Fleetw'dl
$200,000,
First
consol
guar
gold ($500 &
5 g J-J
200,000 Jan
11932
5 g J-J
300,000 July 1 1932
$1,000)-.c&r/Int. at Integ. Tit. Ins. & Tr. Co., Phila.,trus.
$750,000\
Bonds.—Of the $750,000
1902
of new consols, $450,000 are reserved to retire
1917; no sinking
They are subject to call at par after July 1
The first mortgage bonds are redeemable at par.
prior liens.
fund.
1902
prin & int__J
mtge,
1911, gross, $166,320; net, after
$70,465; surplus, $20,323.
EARNINGS.—For year ending June 30
taxes, $90,788; int., rentals. &c.,
8
ELECTRIC
RAILWAYS
[Vol.
xcvii.
Tanners ville
.Hickory,Ri
Bartonsville
Sterners
STROUDSBURG
IE LA WARE
/ATER GAP
|Penn Haven Jc,
ft
PORTLANDS
.Columbia
Delaware
Carbon-
AUCHCHUNK
Manun
Kunkleto-Wind .Gap.
Lehighton oH
Weissport
^
/
+
Chunk
f\ BANGOR
TA
arry villec
'Bender Jc.
Lizard Creek
.DANIELS.VftLE^-'
Belvidere
'equest
.^Vco-
SLATINGTON
BELFAST
WALNUTPORT
^«£merald
Martins Creek
NAZARETH
PRIEDENSVILLE
Washingtoi
BATH
lORTHAMPTON
UN'ONVILLE
•HECKTOWI
EGYPT
ICHNECKSVILLE
.N. CATASAUQUA
3>;copi:AYI3
I0KENDAUQUA1
cata\auqua
^Glend*
•FULLERTON
yf
^>SIEGERSVIli^E^^^_
ALLENTOWN
ALLENTOWN
Sl
TRACTION CO.
Clinton
,
SOUTH
\WalIner
c,
Hughesville
BETHLEHEM
Riegelsyilie
&
ph i
la.jJc. r
LANARK
;%macungie
Kutztown
Bloomsl
LEHEM
READING
AlburfM
\
sN'
Spribgtown
EMAUS
,
ntje'r
c
Pittstown
N
Ferndale
H
VALLEY
Uhlerstowp0
COOPERSBURG
Frenchtown
Wetzel
Rittenhouse
R ICH LANDTOWN
Gapd
Gehman
QUAKERTOWN
^
East Greenville
Pikesville
0.
Ba^> X^ennsbiiig
Bechtelsvillo
/,
/
S
Gakdale
ROCKY RIDGE
/
PERKASIE.
£U SELLEgSVILLE
Lambertvilli
Newhope.<
Greenland
TELFORD.
•oylesto-
•ouglassMlle
POTTSTOWN
^/Fortunhv
LANSDALE\
Newtown
NORTH WALES
0\!°rsford M JjO
Spring
CityY^)*
Collegeville
GWYNEDD
.SPRINGHOUSE
»
AMBLER
Phoenix ville;
He
H
FORT WASHINGTON
NORRISTOW
E* S
IITEMARSH
Byers
LEHIGH
Schuy'tyilj^
VALLEY
FLOURTOWI
TRINSI^
COMPANY
AND
ELECTRIC
RAILWAY
CONNECTIONS
LEHIGH VALLEY TRANSIT CO.
CONNECTING & OTHER ELECT. RYS.
wmm—mam
_
ARLINGTON
gmCAMDENl^% T\
PADELPHlA
10
ELECTRIC RAILWAYS
ROAD.—-Operates 39.60
47.10 miles: 43
miles
main
line,
7.50
miles
sidings—total,
cars.
OFFICERS.—Pres.,
H. E. Ahrens, Reading; V.-P., W. D. Mohn; Sec.,
Hoffman, Hamburg; Treas., Geo. B. Shaffer, Reading; Supt., W. J.
Bear, Kutztown.—V. 81, p. 1492; V. 82, p. 216
„
S. K.
private right-of-way minimum width 66 ft., except in
corporate limits,
expires Apr. 7 1933,
Under favorable contract
Co. extending to
1933, operates through city into
Indianapolis interurban terminal.
where shortest franchise
with Ind. Trac. & Term.
STOCK AND BONDS—
Common $500,000 ($100)
ALLIANCE, OHIO.
in Ohio and is a consolidation in Dec
1902 of the Alliance Electric Ry. and the Stark
Electric Ry.
STOCK AND BONDS.
Date. '
Interest.
Outstanding.
Maturity.
Stock, $1,500,000 ($100)
Q-J
$1,250,000 July'133* %
First mtge, $1,000,000,
goldf 1903
5 gJ-J
958,000 Jan 1 1928
($1,000) sinking fund, call-] Citizens' Sav. & Tr. Co., Cleveland, trustee.
able at 105
c(lnt. at United Bank & Sav. Co., Cleveland.
Bonds.—1% will be retired annually from Jan. 1 1911 to Jan. 1 1915'
from Jan. 1 1915
2% each year to 1928.
$42,000 have been retired.
Dividends.—First div., %%,.paid July 1908; %% has been paid
quar.
since to and including
July 1913.
In April 1910 also a stock dividend of
25%.
Y. 90, p. 448, 700:
'
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.
ORGANIZATION.—Incorporated in New Jersey in
the Anniston
.
constructed; line partly graded.
OFFICERS.—Fres., C. R. Morley, Cleveland; V.-P., David Morison.
Sec., E. S. Cook; Treas., E. Strauss; Aud., A. J.
Sampson; Gen. Mgr..
F. L. Mowry.—V.
76, p. 973; V. 86, p. 1468; V. 90, p. 448, 700, 1171,*
ANDERSON, IND.
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
(incorp. May 28 1903)-and the Indiana
Union Trac. Co. (incorp. June 9
1903),
per
Interest.
filment 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 101H and int.
$272,491; net, $121,299.
ROAD.— Operates 34 miles of track from Canton to Salem, including
Alliance City lines,.
Standard gauge.
67 and 70-lb. T rails and 70 and
90-lb. giraer rails.
Total mileage, including double
track, 36 miles.
An
extension from Alliance to
Marlborough and N ew Baltimore and eventually
to Akron is being
95, p. 819; and
Date.
Outstanding.
Maturity.
$500,000
See text.
500,000
See text.
1912
6 g J-D
1,200,000 June 1 1919
$1,000
c*/Int. at Fidelity Trust Co., Phila., Trustee.
Bonds.—Of remaining 1st M.
bonds, $100,000 may be issued upon ful¬
STARK ELECTRIC RR.—An electric railroad.
gross,
xcvii.
Pref $500,000 5% cum ($100)_
First mtge $1,500,000 goldf
'ORGANIZATION.—Incorporated
EARNINGS.—For calendar year 1912,
In 1911, gross,
$260,582; net, $140,017.
[Vol.
plan in V. 94,
p.
1119. 1185; \.
result of which capital was materially reduced.
The In¬
diana Union Trac. Co. had
previously acquired the Indiana Nor. Trac. Co.
as a
(V. 81, p. 1848), Muncie& Union
City Trac. Co. (V. 83, p. 96) and Muncie
The latter company was
1899 to take
over
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 divs paid
1st
mtge,
$300,000
($100,1 1899
5 g J-D
300,000 Dec 11929
$500) gold
c*/Int. at Bait. 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. 1 1905, 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 J912, gross, $173,784;
net, after taxes,
$63,004; fixed charges, $15,000; other deductions. $12,005; surplus,
$35,999.
In 1911, gross, $155,248; net, after
taxes, $50,861; fixed charges, $15,000;
other deductions, $11,057; surplus, $24,804.
ROAD.—Operates 10 miles of road
including 5 miles of track on city streets.
from
Anniston
to
Oxford
Lake,
OFFICERS.—Pres., S. Z. Mitchell, New York; V.-P., R. A. Mitchell,
Gadsden, Ala.; Sec. and Treas., F. S. Ruth, N.Y.—V.68, p.928;V.69,p.283.
Hartf. & Ft. W. Ry. (V.
82, p. 805, 869, 1041).
leased to the Indiana Union Trac. at a
rental
exp., int. on
$500,000
was a
(in addition to opei
bonds, &c., equivalent to 5% on Mun. Hartf. & Ft. W.
Ry.
pref. stock; v. 83, p. 96.
TheoW Union Trac. Co. of Indiana
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 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 $200,000 bds.
Leases Indianapolis Newcastle & Eastern Trac. Co.
for 999 years from
Oct. 25 1912.
STOCK AND
BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common, $5,000,000
$5,000,000
1st pref, $1,000,000, 5% cum_
A-O
See text
4,000,000
2d
pref, $3,000,000 (see text)_
J-J 10
See text
3,000,000
Ind Un Traction 1st M
$5,-1 1903 ' 5 g A-0
1,397,000 July 1 1933
000,000 ($1,000) gold
/Interest at Girard Trust Co., Phila., trustee.
Union Trac Co of Ind 1st gen
1 1899
5 g J-J
4,554,000 July 11919
____
M$5,000,000g($l,000)c&r*/Equitable Tr:
Co., New York, trustee.
1st Ml 1897
• 6 g J-D
97,000 Dec
1 1927
$250,000sf sub to call 105-/Interest at Guar. Trust & Safe
Deposit Co.
($500 and $1,000)
c* j
Philadelphia, trustee.
Marion City 1st M $400,0001 1895
6 g M-N
333,000 May 1 1915
gold ($1,000),
c/Equitable Trust Co., New York, trusteq.
Indianapolis North Trac lstf 1902
5 g J-J
5,000,000 July 1 1932
mtge $5,000,000 g ($1,000)- Equitable Trust Co., New
York, trustee,
guar p & i by Un Trac. _c*
Citizens' St Ry (Mun)
Indiana North Trac 1st mtge
$500,000 gold ($100,
$500]
1903
5 g A-0
500,000 Oct
11933
(N. J.) Trust & Safe
Deposit Co., trustee.
cum.
5%
500,000
See text
do
do
first mtge $1,-1
1905
5 g J-J
953,000 Jap
11935
000,000 gold ($1,000)
c*/Int. at Guard. Sav. & Tr. Co., dev., trustee.
Muncie & Un C M $925,0001 1906
5 g J-J
v
925,000 July 1 1936
guaranteed gold ($l,000)c*/lnt. at Fidelity Trust
Co., Phila., trustee.
STOCK.—Divs. on 2d pref. stock are cum. from
1% semi-annually in
1913, scaling upward to 3% semi-annually in July 1918 and thereafter.
and
$1,000) guar
M H & Ft W pref stock
Interest at Trenton
c*
Bonds.—Of the Ind. U. Trac. bonds of
1903, $3,380,000 were reserved
for extens. and impts., but under terms of
consolidation agreement of 1912
these bonds have been canceled.
$223,000 are held in the
sinking fund.
Sinking fund, 1H% per annum of outstanding bonds, became
operative
on July 1 1904.
Fund is to be invested in the bonds at not above 105 and
int., and bonds jpay be drawn at 105 and int. on any int. date.
Remaining
Union Trac. Co. of Ind. gen. M. bonds are
reserved for underlying bonas.
See V. 71,p: 1013.
Bonds are listed on Phila. Stock Exch.
The Indiana
Northern Trac. bonds are subject to call at 105 and
int. on six
They
ASBURY PARK,
cum.
weeks' notice.
& i. by Ind. Un. Trac. Co.., V. 82* p. 805.
The Muncie
Hartford & Ft. Wayne bonds can be called Jan. 1
1925, or after, at par.
A
sinking fund on those bonds of 2 ^% of gross earns, per ann, began
July 1
1905.
See V. 80, p. 1059.
$47,000 have been retired.
The Mun. & Union
City bonds are subj. to call at 105 and guar., p. & i., by Ind. Un. Trac.
Dividends.—5% is being paid on first pref. stock.
Jan. 1913 dividend on
second preferred stock was passed.
V. 96, p. 64, 137.
are guar. p.
REPORT.—For
ORGANIZATION.—Incorporated in New Jersey
on Dec.
8 1905 as
the Atlantic Coast Elec. Railroad Co., sold under
foreclosure of
general mortgage of the latter.
Leases the Seashore Electric Ry. of
Asbury Park until June 6 1937 at $10,000 per year and owns $150,000 of the
$200,000 total capital stock of latter company (making net rental $2,500);
and owns all of the stock of the West End &
Long Branch Ry. and of the
Asbury Park & Sea Girt RR.; the former is leased from Aug. 3 1896 until
July 17 1945 at a nominal rental, and the latter for 99 years at 6% on stock
from Aug. 27 1898; both stock and bonds of Asb. Park & S. G. are
owned.
Also entire stock ($100,000) of the Atlantic Coast Electric
Light Co., which
supplies the electric lights of Asbury Park, Allenhurst, Belmar, Ocean
Beach, Como and Spring Lake.
The Seacoast Traction Co.
(capital
$100,000), running from Belmar to Spring Lake, 2 miles, has been leased
to the Atlantic Coast Electric
Ry. for 99 years; its stock and bonds are
owned.
Franchise in Belmar expires in 1947; in
Asbury Park in 1937; in
Long Branch, some expire*in 1945 and others are perpetual; in Ocean Town¬
ship, perpetual; in Sea Girt, expire in 1915, 1926 and 1956; franchises of
Seacoast Traction Co. are perpetual.
successor to
the
Div.
STOCK AND BONDS.—
Date.
Stock $1,000,000 ($100)
1st mortgage gold
$1,000,-1 1895
Interest.
or
Outstanding.
Maturity.
$1,000,000 In 1912 3%
5 g M-N
800,000 May
1945
000
/Int. at Knickerbocker Tr. Co., N. Y., Trus.
Gen
mtge
$1,000,000 gold/ 1906
5 g J-J
1,000,000 July 1 1945,
($1,000)"
c[Interest at Central Trust Co., N.Y., Trustee.
Seashore El Ry stock
200,000
Seashore
Electric
Ry
1st) 1892
6 g J-J
200,000
1917
mortgage $200,000
/Int. at Seacoast Nat. Bank, Asbury Pk.,N.J.
Atlantic Coast Electric Light
f
5
J-D
241,000 June 1 1945
First
mortgage
$500,000] Int. at Asbury Park & Ocean Grove Bk.,
gold
1 Asb. Pk. Morton Tr. Co., N. Y., trustee.
-
,..
Bonds.—Of the $1,000,000 firsts,
$200,000
are
reserved to retire
like
a
amount of Seashore
Ry. 6s.
The latter are subject to call at 105. "Entire
bonds and stock of the Asbury Park & Sea Girt
($50,000 each) and the Sea¬
coast Trac. Co. ($100,000 each) are
deposited under the new
general mtge.
ROAD.—Belt line in Asbury Park, 5.85 miles;
Asbury Park to Pleasure
Bay and North Long Branch, 14.60 miles; Asbury Park to Sea Girt, 11.86
miles; total track, 32.31 miles.
Connects at Pleasure. Bay with the New
York & Long Branch Steamboat Co.
'
REPORT.—Years ending Dec. 31:
1912
Gross
earnings
Operating expenses-l...
1911
1910
1
1909
1908
$427,883 $422,755 $402,495 $389,619 $343,056
225,683
216,014
198,547
191,791
164,345
Net
earns, from oper._
$202,200 $206,741 $203,948 $197,828 $178,711
In 1912, misc. inc., $1,520; fixed charges,
$126,155; surplus, $77,564.
OFFICERS.—Pres., S. F. Hazelrigg, N. Y.; Treas., H. II.
Sec., G. B. Cade; Supt., C. E. Hereth—V. 81, p. 974, 1435,1722.
ending Dec. 311912 (incl. Ind .-Newcastle iine from
Oct. 25 1912), gross, $2,308,649; net, after
taxes, $884,195; other income,
$8,108; int., disc. & rentals, $765,711; surplus,
$126,592.
Passengers
carried in 1912. 17.068,150.
Rogers;
year
ROAD.—Besides the city lines in Marion,
Anderson, Muncie and
Elwood, owns an interurban road from Anderson (via
Linwood, Alex¬
andria,
Summitville,
Fairmount, Jonesboro, Gas City and Soldier's
Home) to Marion, and thence to Wabash (53M miles), with a branch from
Alexandria (via Orestes and Dundee; to
Elwood, and from Elwood to Tip¬
ton (20 miles); also an interurban line from
Muncie via Yorktown, Daleville, Chesterfield, Anderson, Pendleton, Ingalls, Fortville, McCordsville
and Lawrence to
Indianapolis (563-^ miles); also an interurban line from
Logansport, via Kokomo, Tipton, Atlanta, Arcadia, Cicero,
Noblesville,
Carmel, Broad Ripple, to Indianapolis (80
miles), and from Peru to Kokomo
(19M miles); also a line from Anderson to Middletown, 10
miles, put in
operation Aug. 1 1905; a line from Muncie to Union City (33
miles); and a
line from Muncie to Newcastle
(18 miles) put in operation Aug. 31 1913;
total 290 miles of interurban and
46^ miles of city lines.
Also leases
Muncie-Hartford City-Bluffton line, 42 miles, and
Indianapolis-Newcastle
line, 44 H miles; grand total, 423 miles.
Through-cars are run between
Indianapolis and Fort Wayne in conjunction with the Fort Wayne &
Northern Indiana Traction Co.
Provides -package freight service between
Indianapolis and Muncie and Indianapolis and Logansport and Peru, and
to all other points on the system.
Operates through freight service between
Indianapolis and Fort Wayne.
By contract until Nov. 1933 cars are run
over tracks of
Indianapolis Street Ry. in Indianapolis.
Since June 1909
carries express matter per contract with U. S.
Express Co. A large central
power station, with necessary storage batteries, at
Anderson, operated on
a three-phase
system, with 19 sub-stations, likewise equipped with
storage
batteries, operates entire system.
EQUIPMENT.—156 city
cars,
83 interurban
71 service cars; total, 335.
cars,
25 freight
cars
and
OFFICERS.—Pres., A. W.Brady, Anderson; V.-P., Harold B. Hibben;
Sec. & Treas., Wm. H. Forse Jr., Anderson.
General offices and transfer
offices, Anderson, Ind.—V: 94, p.
V. 96, p. 64, 137, 717, 1083; V.
97,
(a)
N. J.
ATLANTIC COAST ELECTRIC RY.—Trolley.
1385, 1567; V.
446.
95.
p.
298, 362, 819;
p.
ASHTABULA, OHIO.
ASHTABULA RAPID TRANSIT CO.
In Feb. 1907 control of this road was acquired
of the Penn. & Ohio Ry., and associates.
'
"
'
■
•
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
$500,000
gold) 1891
6 g J-J
75,000
See text.
c*&r /Int. at Central Trust Co., Trustee, N. Y. C.
J 1907
5 M-S
372,000 Sept 15 1927
/Citizens S. & T. Co., Cleveland, trustee.
Bonds.—$75,000 2d mtge. bonds are reserved fpr prior liens.
1st M.
bonds originally matured July 1 1911 but were extended 10
years to July 1
1921.
"
■
Stock, $500,000
1st
mtge,
$75,000,
($1,000)
2d mtge, $500,000
•
•
.
EARNINGS.—Year ending Dec. 31 1912, gross, $80,603; net, $18,689.
ROAD.—Operates 5 miles of track
on
5 miles of street.
OFFICERS.—Pres., L. A. Robison, Pittsburgh; Sec.; & Treas., Wyn B.
Morris, Pitt burgh; Gen. Supt., Palmer Wardman, Ashtabula. V.85,p.468.
PENNSYLVANIA
The
same
& OHIO RY.—A trolley road.
interests control the Ashtabula Rapid Transit Co.
ORGANIZATION—Incorporated March 17
STOCK AND BONDS—
Date.
Stock ($100), $1,600,000 auth.
First mtge. $600,000, gold,!
1901
1898.
Interest.
Outstanding.
Maturity.
$1,300,000
5 g M-S
600,000 Mar 15 1921
$500 each..
c*/Int. at Citizens' Sav. & Tr. Co., Clev., Trus.
Jefferson
Division
($500),! 1902
5 g M-S
100,000 Mar 151922
$100,000
Jlnt. at Citizens' Sav. & Tr. Co., Clev., Trus.
Gen
mtge,
$900,000,
gold! 1906
5 g M-S
200,000 Sept 151926
($500)
c/Int. at Citizens' Sav. & Tr. Co., Clev., Trus.
Bonds.—Of the new gen. mtge. bonds, $700,000 are reserved to retire
prior liens.
•
Indianapolis Newcastle & Eastern Traction Co.
Leased to Union Traction Co. of Indiana on Oct. 25 1912 for
999 years.
The lease provides for the payment of all
taxes, interest on bonds, a sum
by L. A. Robison, Pres.
ORGANIZATION—Chartered Oct. 7 1890.
In
EARNINGS.—For calendar year 1912, gross,
1911, gross, $121,190; net, $61,387.
$123,030;
net, $45,801.
years and
ROAD.—Owns and operates the Conneaut
city line, 3 miles, and has
built westward from Cohneaut to Kingsville & Ashtabula, 13 miles, and
south from Ashtabula to Jefferson, 10 miles; total, 26 miles.
ORGANIZATION.—Incorp. in Indiana Oh June 10 1912 as successor to
the Indianapolis Newcastle & Toledo Elec.
Ry., sold at foreclosure.
Ha
OFFICERS.—Pres:, L. A. Robison, Pittsburgh; Sec. & Treas., W. B.
Morris, Pittsburgh; Gen. Supt., Palmer Wardman.
Office at Ashtabula.
—V. 82, p. 929, 987.
equivalent to 5% on the preferred stock, and amounts on the common stock
follows: 1% in 1913 and 1914, 2% in 1915 and
1916, 3% in the next four
4% thereafter; also $500 for organization expenses.
as
,
ATLANTA,
"GEORGIA RAILWAY &
month.
Georgia on Oct. 17 1911 to take over
1191, 1725):
I Inter-State 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 develop¬
ment 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.
Y. 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 Palls, where a large
properties (V. 93,
p.
Atlanta Hydro-Elec. Power Co.
Atlanta Water & Elec. Power Co.
Sower-plant
has atpractically
a jury
Rabun
County
uperior Court
Clayton, been
Ga., completed,
in May 1913
gavein
a the
verdict
in favor
of
the company.
V. 95,
p.
1472, 1541;
V. 96,
1629.
p.
Outstanding.
Maturity.
Common, $15,000,000 ($100)$15,000,000
1st pf$2,000,000 6% cum($100)
2,000,000
See text
2d pf$10,000,000 4%n-c($100)
"
10,000,000
1st & ref mtge $30,000,000 gl 1912
5 g J-J
See text
Jan 1 1977
($1,000) sinking fund.
/Int. at Fidelity Tr. Co., Phila., Trustee.
Georgia Power Co 1st mtge_- 1911
A-O
See text
Oct 1 1940
Blue Ridge El 1st M $1,-T 1910
5 J-J
1,135,000
See text
370,000 gold ($500)-_c*/Knickerbocker Trust Co., N. Y., Trustee.
North Ga. Elec Co 1st M
6 F-A
26,000
Savannah Riv Pow Co 1st M. 1911
5 A-O
200,000
Oct 1 1921
Refunding mtge $550,000-- 1911
5 A-O
350,000
Oct 1 1941
Atlan Wat P & El P 1st Ml 1903
5 J-J
1,400,000
Jan 1 1943
$1,500,000 gold ($1,000)--/Knickerbocker Trust Co., N. Y., Trustee.
STOCK AND BONDS—
pref. and common stocks have both received 4%
per annum for 3 successive years, the 2d pref. stock becomes com. stock.
Bonds.—Of the $30,000,000 1st & ref. mtge. bonds, $11,500,000 are re¬
served to retire prior liens, and balance is for future additions.
Sinking
fund after 5 years, $98,100 each year, will retire entire issue.
Subj. to call
on and after Jan. 1 1917 at 105.
See V. 94, p. 1763.
Of the Georgia Power
bonds, $8,315,000 have been sold against contract work now in progress
(int. on these bonds is charged to construction account); remaining $1,685,000 reserved to retire Blue Ridge Elec. 1st 5s and Savannah River Power
Co. bonds.
The Blue Ridge Elec. 1st M. bonds mature on July 1 1940, but
the Georgia Ry. & Power Co. assumes an agreement made by Georgia Power
Co. to purchase them on or before Oct. 1 1916 at par and int., and in mean¬
time to pay int. on the bonds.
See V. 94, p. 1383.
Knickerbocker Trust
lk% and
1-3% (V. 84, p. 803); Aug. 20, 13^%; Nov. 20, 1H%; in
1908, 6%; '09. 6%; in TO, 6H %; In 1911, 8%; In 1912, Feb., 2%; May, 2%.
Dividends are now paid under lease (see above).
stock div. of 33
,
REPORT.—Passengers carried 1912, 62,246,737.
Gross
Net (after
InterPref. Div. ♦Com. Div.
(8%).
$681,168
Balance,
Surplus.
$836,520
681,168
745,375
Cal.
Taxes).
$2,270,789
Year—Earnings.
.-$4,968,790
1912
1911--, 4,550,435
*
Includes
2,151,682
divs.
$514,600
on
est.
(5%).
$633,101
$120,000
605,139
120,000
common
,
stock in treasury.
ROAD.—Operates 198.785 miles of track (jingle-track basis).
OFFICERS.—Pres., F. E. Block; V.-P., T. K. Glenn; Sec. & Treas.
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; Y. 95, p. 1122,
1207; V. 96, p. 716, 1021; V. 97, p. 521.
W.
Atlanta Northern Railway Co.—A trolley road.
(a)
ORGANIZATION.—Entire stock is owned by the Georgia Railway &
Co., which guarantees the bonds.
•
—
Stock.—After the 2d
In 1907, Feb. 20, IM%\ May 20,
1040); Aug. 20, 1^%.
p.
Interest.
Date.
-
an issue of $430,000 additional bonds
was authorized in the
me
See V. 88, p. 158, 505, 1196; V. 89, p. 410.
Dividends.—5% per annum is being paid on preferred stock.
On com.,
divs. have been: Aug. 1905, 2%; Feb. 1906, 2%; May 1906, IH% (V. 82,
and
GA.
POWER CO.
ORGANIZATION.—Incoro. in
the following
11
ELECTRIC RAILWAYS
Sept., 1913.]
Electric
STOCK AND BONDS—
Interest.
Date.
Stock, $100,000
Maturity.
Outstanding.
$100,000
•--
guar! 1904
5 g J-J
400,000 July 1 1954
$1,000) gold-_c*/lnt. at Old Colony Tr. Co., Boston, Trustee.
First mortgage $400,000
($500 and
Ry. & Elec. Co.
Bonds.—Are guar., p. & i., by end., by the Ga.
Are sub-
iect to in
call1909;
on any
int. date
at 110inand
int. fund
A sink,
fund
$5,000 per
ann.
bonds
are held
sinking
but
notofretired.
See
V.
>egan
79,
680.
p.
$33,613; int. &
EARNINGS.—For cal. year 1912, gross, $138,439; net,
$31,217; surplus, $2,396.
In 1911, gross, $139,240; net, $33,794;
$31,150; surplus, $2,644.
taxes,
int. & taxes,
ROAD.—Operates 18 miles of track from Atlanta to Marietta, 15.2 miles,
are
owned and mostly on private right of way.
Has arrangements
and trackage rights into the city of
17 1905.—V. 79, p. 680.
which
with Ga. Ry. & El. Co. for terminals
Atlanta.
Commenced operation July
ATLANTIC
CITY,
N. J.
ATLANTIC CITY & SHORE CO.
Co. is trustee of both
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 owns all of the $591,100 outstanding 1st mtge.
Elec.
bonds of Atlantic & Suburban Ry.
Sav. Riv. Pow. Co. issues.
The Atlanta Water &
bonds are subj. to call at 105.
Sinking fund Jan. 1 1908 to
1917, incl., $5,000 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 on the
1st pref. stock, covering the 9 2-5 months since it was issued (March 1912).
Jan.
p.
Pow.
1
REPORT.—Of the combined properties for calendar year 1912
941):
*
earnings
$5,218,913 Deduct—Bond, &c., int
Gross
Operating expenses
Taxes
Net earnings
:
Other income
(see V. 96,
Maturity.
$936,900
4%
591,100
1940
are secured by $591,100 Atl. & Sub. 1st mtge.
bonds and 2,995 out of 3,000 shares of stock of that company.
OFFICERS.—Pres.,
$759,187
2,427,622 Georgia Ry. & Elec. and
801,168
Atl. Gas L. rental divs
349,199
84,326
Sinking fund payments
30,000
$2,442,092 Div. (Atl. W. & El. P. Co.)
94,000
77,278 1st pf. div.(Ga.Ry.& P.Co.)
Outstanding.
Interest.
Date.
STOCK AND BONDS—■
Stock, $1,000,000—
Coll trust, $591,100The collateral trust 4s
I.
1910
E.
Harry
Kohn;
Sec.,
L.
R.
L.
Stone.
(1)
Atlantic City & Shore RR.—An electric road.
Isenthal; Treas.,
.
ORGANIZATION.—Incorporated in New Jersey Oct. 21 1905 with a
perpetual charter.
Leases Atlantic City & Ocean City RR.—see terms
$218,500 of the common stock of the Atlantic City &
which holds all the stock and bonds of the Atlantic
City & Ocean City RR.
V. 85, p. 158.
Cent. Pass. Ry. is operated under
below—and
owns
Ocean City Company,
Total
of
$2,519,370
$750,689
Balance, surplus.
traffic
agreement.
Contract with West
PROPERTY.—Owns water-power sites in Northeastern Georgia capable
an ultimate development of over 346,000 h. p.
A large plant at Tallulah
Falls of
capacity of about 80,000 h. p., with transmission lines to
a
been
Atlanta,
STOCK AND BONDS—
ORGANIZATION.—Incorp. in Georgia on Jan. 28 1902, and on April 1
over the Atlanta Ry. & 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.
Com-
£rises
iterests
theofstreet
Atlanta
railway,
and Fulton
electric-light,
power
andsupplied
steam-heating
County. gas,
Uses
power
by 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 com¬
pany 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 light¬
ing for 5 years from April 1 1913.
In Oct. 1902 both pref. and com. stock
were listed on Boston Stock Exch.
V. 75, p. 849.
They are also listed on
Atlanta
Water
&
Electric
Power
from
Co.
the
the Louisville Exchange.
In June 1903 acquired
Date.
STOCK AND BONDS—
Outstanding.
Interest.
Maturity.
See text
$8,000,000
Q-F
($100)
See text
5 Q-J
2,400,000
5% non-cumulative'
$2,400,000 (par $100)-j
dan 1 1949
See text
Ref & imp mtge $20,000,000
1909
5 g J-J
gold ($1,000)
l
c* Int. at Airier. Trust Co., Boston, Trustee.
First cons mtge $11,000,000
1902
5 g J-J
5,925,000_ Jan 1 1932
gold sink Mnd ($l,000)__c*/lnt. at Old Colony Trust Co., Boston, Trus.
Atlanta Street Railroad first
1890
6 g J-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.
Atl Cons St Ry 1st consM$2,1899
5 g J-J
2,025,000
Jan 1 1939
*
Common
-
___
Preferred
—
_
500,000 g($l,000each) sub. Int. payable in N. Y. at N. Y. Trust Co. and
at Merc. Tr. & Dep. Co. of Bait., Trustee.
to call aft 5 yrs at 107 K_c*
1900
5 g J-J
1,350,000 July 1 1930
Georgia Elec Light Co 1st M
$2,000,000, gold, subject to Interest at Old Colony Trust Co., Boston,
'
call in 1905 at 105-
Atlanta Gas-Light Co, 1st M
$1,150,000,
g
($l,000)--c*
Trustee.
1897
5 g J-D
1,150,000 June 1 1947
Interest at New York Trust Co., Trustee, or
Bank of Scotland, London,
(closed mtge.) of 1902, $3,850,000 are reserved to retire underlying liens.
call on any interest date at 110 and accrued interest.
A
sinking fund became operative in 1907 which retires $10,000 of bonds
in each year from 1907 to 1911, inclusive; $25,000 per annum from 1912 to
1916, inclusive, and $50,000 per annum thereafter.
See V. 74, p. 629, 727.
A sinking fund of $6 60 per $1,000 bond on the Atlanta Gas Light Co. bonds
is operative.
A sinking fund of $25,000 per annum is also operative on the
underlying bonds of the Atlanta Consolidated Street Ry.
Of the ref. &
impt. mtge. bonds, $11,230,000 are reserved to retire prior liens (including
the $400,000 Atlanta & Northern bonds) and $5,923,000 for extensions and
improvements up to 75% of actual cost.
$46,000 have been retired.
Bonds are subj. to call on 50 days' notice at 105 and int.; a sinking fund of
1 % of bonds out began in 1910.
In Aug., 1913 $2,801,000 were outstanding
Are subject to
Outstanding.
Maturity.
EARNINGS.—Eor calendar year 1912, grbss,
$635,335;
oper. exp,
and
charges, $585,520; surplus, $49,815.
OFFICERS.—Pres., Wm. A. Stern; V.-P., Charles Evans; Sec., J. M.
Campbell; Treas., I. L. Stone; Gen. Supt., Geo. F. Faber.—V. 85, p.
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
Of the common stock of the Atlantic City &
$218,500 is owned by the Atl. City & Shore RR.
The
for 999 years, the rental be¬
ing $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.
collateral trust bonds below.
Ocean City Company,
latter leases the Atl. City & Ocean City RR.
Maturity.
$220,000
175,000
-1
1907
5 M-S
350,000 Mar 1 1947
redeemable 110 & int.-/Girard Trust Co., Philadelphia, Trustee.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common, $350,000
Pref 5% non-cum $250,000
Collateral trust gold $500,-1
000
is redeemable at par.
ROAD.—The Atlantic City & Ocean City RR. owns 2.61 miles of 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.
(2)
Atlantic & Suburban Ry.
ORGANIZATION.—Incorporated in New Jersey Dec. 4 1908 as a re¬
organization of the Atlantic City & Suburban Traction Co., sold under fore¬
closure of 1st mtge.
V. 87, p. 1237, 1532.
STOCK AND BONDS—•
Date.
Stock, $750,000 ($50)
Interest.
Outstanding.
Maturity.
$150,000
—
1909
4 g F-A
591,100 Aug 1 1929
($1,000)
c*/lnt. at Cambridge Tr. Co., Chester, Pa., Tr.
Prior lien M, $100,000, guar 1
-'--l
5%
.
100,000
1925
p & i, by A C & S Co
/
Bonds.—Bonds have no sinking fund.
V. 87, p. 1237.
First
mortgage,
$650,0001
EARNINGS.—For calendar year 1912, gross,
$94,237;
oper. exp.
and
charges, $92,814; surplus, $1,423.
ROAD.—Operates 16.13 miles of track from Atlantic City to Pleasant¬
ville, Somers Point and Absecon.
Standard gauge, 80-lb. T rail.—V. 87,
p. 872, 1237, 1299, 1532; V. 88, p. 881; V. 90, p. 1424.
OFFICERS.—Pres.,
J. M. Campbell;
Harry
E.
Kohn;
V.-P.,
Treas., Irvin L. Stone.
Eng.
Stock.—In addition to the $8,000,000 com. reported outstanding, there
is $514,600 in treasury.
Bonds.—Of the $11,000,000 Georgia Railway & Electric Company bonds
Interest.
'
Slock.—The pref. stock
the entire capital stock ($600,000 6% pref. and
$1,014,625 com.) of the Atlanta Gas Light Co., comprising the gas business
of Atlanta and vicinity, by exchange of stock, $ for $.
V. 76, p. 1406.
The gas company, however, maintains a separate organization.
In Aug. 1913 the Georgia RR. Comm. authorized an issue of $430,000
additional ref. & impt. 5s for expenditures and improvements.
Date.
mtge
ROAD.—Operates 47.45 miles of track in and around Atlantic City, in¬
cluding 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.
& Elec. Co.
1902 took
Shore RR.—A traffic agreement has
Sea Shore RR. by which the
AtlantiaCity to Long-
$1,000,000 ($100)
$1,000,000
—
& coll trust deed! 1905
5 g J-D
950,000 Dec 1 1945
$1,000,000 ($1,000) g
c*/Int. at Girard Trust Co., Phila., Trustee.
Bonds.—No sinking fund, but can be called at any time at 110 and int.
1st
Railway & Electric Co.
Lease.—On Jan. 30 1912 the stockholders of the Georgia Ry.
Sea
Stock,
Preston S. Arkwright;
W. H. Glenn; Asst. Sec.,
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.
OFFICERS.—Ch. of Bd., H. M. Atkinson; Pres.,
approved the 999-year lease from Jan. 1 1912 to the Georgia Ry. & Power
Co., which provides that the latter company guarantee all the fixed charges
and divs. on pref. stock and divs. of 8% on com. stock, the holder of each
$100 com. having received, as additional consideration for the lease, $3 12)4
in 1st pref. and $125 in 2d pref. stock of Georgia Ry. & Power Co.
V. 94,
p. 982, 1119.
&
8 Yi miles, is operated by this company.
The West Jersey & Sea
Shore RR. has an option to purchase from May 1 1913 tb May 1 1918 a
majority of the Atlantic City & Shore RR. stock.
V. 85, p. 158.
V.-P. & Gen. Mgr., G. W. Brine; V.-P. & Sec.,
Paul D. Reid; Treas., I. S. Mitchell Jr.; Aud.,
Georgia
Jersey
with the West Jersey &
port,
begun on an interurban line from Decatur to Stone Mountain, and it is
expected that same will be completed and put in operation during 1913.
Up to Sept. 1 1913, 95% completed.
(1)
entered into
Atlantic Ave. line of the latter road, running from
is being constructed and is expected to be completed during 1913.
Several
smaller plants have been in operation for some time.
Construction has
AUGUSTA,
AUQUSTA-AIKEN RY.
Robt.
Wetherill;
Sec.,
•
GA.
& ELEC. CORPORATION.—(Map p. 12.)
ORGANIZATION.—Incorporated in South Carolina in 1911 as a con¬
solidation of the following companies:
Augusta Ry. & Elec. Co.
Augusta-Aiken Ry. & Elec. Co.
North Augusta Elec. & Impt. Co.
Augusta & Aiken Ry. Co.
Augusta & Columbia Ry. 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
electric-lighting franchise runs until 1939 or longer.
private right of way.
V. 92, p. 1177. Also owns
Augusta Hotel Co. (owner or Hampton Terrace
Hotel), and 99% of securities of North Augusta Land Co.
Likewise owns
all the common stock of the Ga.-Caro. Investment Co.
See remarks below.
Augusta expires 1939;
Interurban division is on
all
securities
of
North
South Caroling
Georgia
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AUGUS
House
Clearwater
V-j*:
Warrenville/
A. A. RY. A E. CORP.
I8TERURBAN LINE
l&IKEN
Augusta-Aiken Railway & Electric Corp. Lines
ELECTRIC
Sept., 1913.]
Hydro-Electric Development.—On July 20 1912 shareholders approved
proposed agreements, dated July 1 1912, providing for the construc¬
and financing of the Georgia-Carolina Power Co.'s proposed hydro¬
electric plant and system (to be completed by July 1 1914; initial installa¬
tion 12,000 h. p., ultimate capacity about 24,000 h. p.), on the Savannah
River, and the operation of same in perpetuity by Augustar-Aiken Ry. &
Elec. Corp.
They also voted to guarantee prin., int. and sink. fd. on
Ga.-Carolina Power Co. 1st 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. Go. (incorp. in So. Caro.) are owned by the
Ga.-Caro. Investment Co. (a holding co. incorp. in Maine), all of the lat¬
New
the
tion
company's com. stock ($500,000 par) in turn being owned by the Aug.
See abstract of plan in V. 95, p. 234. On July
Elec. Corp. shareholders were offered the right
to subscribe for above-mentioned $2,500,000 1st M. 5s of Power Co. and
$750,000 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 ($4,090,000 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. divs. of 5% quar.
See V. 97, p. 119, 179.
ter
Aiken Ry. & Elec. Corp.
23 1912 Aug-Aiken Ry. &
__
Jan 1
-
First
gold!
Outstanding.
$2,250,000
Interest.
Date.
STOCK AND BONDS—
Common $2,250,000 ($100)
Preferred 6% cum since
1912 ($100)
Maturity.
1,500,000 Sept. *13,1
3,000,000 Dec 1 19.'
New York, Trustee.
947,000 June 1 1940
~
~
Int. at Mer. Tr.
& Dep. Co., Bait., Trustee.
Q-M
5 g J-D
($1,000)
c*/Central Trust Co.
Augusta Ry & Elec 1st M gl 1900
5 g J-D
...
mtg
$7,500,000
1910
si noo nnn r«i nnrv>
r*
$1,000,000 ($1,000)
c
Quar
750,000
.Ga-Carolina Invest Co, pref
stock ($750,000) see text Red. as a whole at 105 and accrued dividend.
($100) cumulative
Ga-Caro Pow 1st M $5,000,1912
5 J-J
4,090,000 July 1 1952
000 g ($500 and $1,000).—
guar
—c* Central Trust Co., New York, Trustee.
Stock.—Ga.-Caro. Investment Co. pref. stock is entitled to 5% cum.
.
.
(guar, by Aug.-Aiken Ry. & Elec. Co.) from July 1 1915, and addi¬
non-cum. divs. of 2% per ann. under certain conditions.
Stock is
of Invest. Co. into pref. stock of Aug.-Aiken Ry. &
Elec. Corp., share for share.
Bonds.-—Of the $7,500,000 1st mtge. bonds, $94,000 are in treasury,
divs.
tional
convertible at option
$947,000 are reserve to retire Aug. Ry. & Elec. bonds and $3,459,000 are
additions, &c. Subj. to call as a whole (or in part for sinking fund) at
105 and interest on any interest day on 30 days' notice. Interest is payable
at Redmond & Co., New York.
Sinking fund beginning in 1916 provides
for payment of $25,000 per ann. 1st 5 years, increasing to $40,000, $50,000
and $65,000 for each successive period of 5 years until maturity of bonds.
V. 92, p. 1177.
Augusta Ry, & Elec. bonds can be called in 10, 20 or 30
years from date at 105 and int. on 6 months' notice; sinking fund is % of 1 %
beginning June 1 1905 for 15 years, 1% for next 10 years and 2% for remain¬
ing 10 years.
$53,000 was held in sinking fund June 30 1913.
-The Ga.-Caro. Pow. bonds are subj. to call
as a whole, or in part for
sk. fd. at 105 and int.
Sk. fd. beginning with 1918 will be sufficient to
for
retire all the bonds at maturity.
Aiken Ry. &
V. 95, p. 179.
*
dividend on preferred—1^%—paid Dec. 30 1911.
Elec. Corp.
Dividends.—Initial
Same rate
i. & s. f., by Aug.-
They are guar., p.,
quarterly since to and incl. June
1913.
properties for 12 mos. ending July 31
1913, gross, $613,039; net, after taxes, $255,788; other income, $30,390;
int. & sink, fd., $200,327; pref. div., $90,000; deficit, $4,150.
In 1912,
gross, $616,186; net, after taxes, $284,684; other inc., $30,985; int., &
sink, fd., $185,647; surplus, before pref. divs. $130,021
EARNINGS.—For consolidated
REPORT.—For
report
V. 96, p. 1224.
ROAD.—Owns and operates
are
to
ending Dec. 31
for the 26 months
1912, see
miles
and Aiken, 60
53.2 miles of track, of which 28.92
city lines and 24.28 miles interurban between Augusta
T rails.
Standard gauge.
Owns Lake View
Park on Lake
100-lb.
Olmstead.
OFFICERS.—Pres., F. Q. Brown; V,-Ps., J. H. Pardee, James U.
C. Deal; Sec. and Treas.% D. H. Thomas; Mgrs., J. G.
White Mgt. Corp.—V. 93.p. 1724; V. 94, p. 205; V. 95, p. 175, 234. 360,
1121, 1683; V. 96. p. 1224; V. 97, p. 116'
Jackson and E.
TEX.
AUSTIN,
AUSTIN STREET RY,—A trolley
road.
3J1911 as successor
Outstanding., Maturity.
$560,000
See text.
250,000
See text.
1911
5 g J-J
671,000 Jan 11936
gold ($1,000)
.
c*/Int. at Equitable Trust Co., N. Y., trustee.
Bonds.—$863,000 1st & ref. bonds are reserved for addittons, &c.
They
are subject to call on any int. date at 102H.
Annual sinking fund of 2%
of bonds out begins in 1915.
V. 92, p. 185; v. 93, p. 1461.
$750,000
($100)
Interest.
Date.
STOCK AND BONDS—
———
Pref $500,000 ($100) 6% n-c.
First & ref mtg $1,500,0001
—
——
Dividends.—6% is being paid on pref. and
EARNINGS.—For cal.
and taxes, $25,326;
surplus, $70,446.
ROAD.—Operates 21.4 miles of track.
55 and 72-lb.
OFFICERS.—Pres., W. J. Jones; V.P., F. H, Watriss;
1461,1531.
rails; 34 cars.
Sec., A. L. KalTreas., E. P. Wilmot; Asst.
92, p. 185; V. 93, p. 526,
■
BAKERSFIELD, CAL.
POWER CORP.
ORGANIZATION.—Incorporated in California in July 1910 as a consoli¬
dation of the San Joaquin Light & Power Co., the Power Transit & Light
Co. (Bakersfield) and the Merced Falls Gas & Electric Co.
Franchises in
cities are perpetual; outside of cities, with two exceptions, extend beyond
1950.
About one-half the total length of transmission lines will be on priv¬
ate right of way.
Operations extend into the seven principal counties of the
San Joaquin Valley, a territory 195 miles long and 78 miles wide.
In March 1912 bankers in San Francisco offered a block of pref. stock at
V. 94, p. 921, 1123.
85, with a bonus of 25% in common.
July 1913 shareholders sold $1,375,000
V. 97, p. 241.
2 yr. 6% coll. trust notes to
N. W. Halsey & Co.
Outstanding.
Maturity.
-$11,000,000 —
6,500,000
See text.,
1st & ref mtge $25,000,000 gl
1910
4,256,000 Aug 1 1950
($1,000) sinking fund.c&r*/1Trust Co. of Amer., N. Y., trus.^ Int. in N.YI
Coll trust notes__
1913
6 Quar.
1,375,000 Aug 1 1915
San Joaquin L & P Co 1st M\ 1905
5 J-D
2,755,000 June 1 1945
$3,000,000 s f ($ 1,000)-Tc*(Redeemable at 110 and interest.
San Joaquin Power Co
5%
105,000
1942
Selma Light & Water Co
6%
10,000
1913-1920
Power Trans & Lt M $2,500,-1
1903
5 g J-D
111,000 June 1 1933
000 gold ($1,000)
„/Mercantile Trust Co., San Francisco, trustee
Bakersfield & Kern Elec Ryl 1903
5 g J-J
94,000 July 1 1931
$250,000 gold ($1,000) —_cjUnion Trust Co., San Francisco, trustee.
Bakersfield Gas & Elec Lt mtg
6 F-A 15
18,000 Periodically
Stock.—Capital stock cannot be increased without assent of three-fourths
Date.
STOCK AND BONDS—
Common
$15,000,000
'
Interest.
— -
—
-
Pref. $10,000,000($100)6%cum.
Q-J 15
5-6 F-A
of stock of both classes.
Bonds.—Of the 1st & ref. mtge. of 1910,
Series A ($1,500,000, all out)
underlying liens,
bear 6% int.; Series B, of which sufficient are reserved for
bear int. at 5%; remainder can be issued at not exceeding
6% interest
certain restrictions.
Subject to call at 102 ^ on any interest date.
Bonds have sinking fund
of $45,000 to $150,000 annually from Aug. 1 1915 to Aug. 1 1924, incl.;
thereafter ranging from 2annually or bonds out from Aug. 1925-30,
incl., to 4H% annually from Aug. 1945-49, incl.
V. 91, p. 1332. Coll.
trust notes are red. at 101 & int.; are secured by
first & ref. bonds
for additions, improvements,
included in amount out above.
Dividends.—6% is being paid on preferred stock.
EARNINGS.—For calendar years:
Gross
Exps.,Maint:
Year—
Earnings.
and Taxes.
Calendar
1912
—.-$1,404,648.
1,104,130
UNITED
RAILWAYS & ELECTRIC CO. OF BALTIMORE—Trolley
(See map on page 14).
ORGANIZATION.—Incorporated at Annapolis March 4 1899.
Com¬
prises all the passenger railways in Baltimore City and Baltimore County
and lines extend into Anne Arundel County and Howard County.
Through
the present and previous consolidations, embraces the following:
Baltimore Catonsville & Ellicotts Central Railway Co.
Gwynn's Falls Railway of Baltimore
Mills Passenger RR.
City.
Baltimore City Passenger Ry. Co.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Pimlico & Pikesville RR.
Baltimore & Curtis Bay Ry.
Elec. Ry.
Co.
Bait. Gardensville & Belair
Baltimore & Northern Elec. Ry.
Shore Line Electric Ry.
Walbrook Gwynn-Oak &
Powhatan.
all the stock, and holds a lease of the Baltimore Sparrows
Chasapeake Ry. Co.
Allied Company.—In Aug. 1906 the Maryland Elec.Ry., which had agreed
to provide funds for needed improvements and acquisitions of the United
Ry. & Elec. Co., was consolidated with the Bait. & Annapolis Short Line,
thus forming the Maryland Elec. Rys.
See statement of that co. below.
Power Contract.—Having canceled the contract for supply of power made
with McCall Ferry Power Co.
in June 1907 (V. 85, p. 163), in Feb. 1911
entered into a 15-year contract with Pennsylvania Water & Power Co. for
supplying power in conjunction with United Railways Co. for operation of
cars.
V. 92, p. 467.
Favorable Tax Decision.—On June 29 1909 the Court of Appeals of Mary¬
land held that the park tax of 9 % on gross earnings of lines within city
limits was intended to be in lieu of all other taxes, and that no further tax
on the intangible property can be levied without express legislative author¬
ity.
The easements in 14 miles of turnpikes in annexed districts are held
t/O bo taxable
V« 89$ p, 44•
In April 19i3 Judge Bond in the City Court at Baltimore decided that the
comoany 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 obli¬
gation with respect to the track area was to repair and not to re-pave.
On July 5 1911 stockholders authorized $3,125,000 con v. and coll. trust
notes (see below) to take up car trust certfs. Series "B" and "C" and 1st M.
bonds and certfs. of indebtedness of Baltimore City Passenger Ry.
.
Also
owns
Point &
Interest.
Date.
STOCK AND BONDS—
Common, $24,000,000 ($50)
$14,000,000 ($50)
Inc
mtge,
g,
$14,000,000, f 1899
cum,
tax free, Maryland {Payable
at
Tr Co, Trustee c* ($1,000) Int.
1899
1st con mtge, g, $38,000,000
($1,000);
Continental Tr Interest
Co, Baltimore, Trustee.c*
1906
Income fdg bonds ($100, $500
Pref,
cum,
Outstanding. Div. or Mat.
$19,709,000 July '13,1%
4
24,000 June'13,2%
4 g J-D
13,976,000
1949
at option of co. after March 1 1949.
Alex.
Brown
&
Sons,
Baltimore..
4 g M-S
28,277,000 Mar 1 1949
at Alex. Brown & Sons, Baltimore.
3,920,000 June 1 1936
Trust Co., Trustee.
J-J
770,500 July 15 1914
notes,
$3,125,000
($100,{Int. at Alex. Brown & Sons, Baltimore.
$500) and$1,000)
.clSafe Deposit & Trust Co., Bait., Trustee.
Car trusts, Series "A," $350,-/ 1904
5 g A-0
70,000
See text
000, gold ($1,000)
^
\Int. at Fidelity Trust Co., Bait,, Trustee.
5 g J-D
and $1,000), $3,920,000--c\Maryland
and
collateral) 1911
5
Convertible
UNDERLYING SECURITIES.
1889
5 M-N
1,500,000 Nov 1 1929
(SI,—
Bank,
at
National
Mechanics'
000) mtge; Trustee Mercan Interest
Baltimore.
tile Trust & Deposit Co__c
1892
5 g J-D
1,750,000 June 1 1942
N B Div 1st ($1,000) 5s, g;
Trus, MerTr&DepCo__c Int. at National Mechanics' Bank, Baltimore
1892
5 g J-D
3,000,000 June 1 1922
City & Suburban Ry Bonds—
Int. at Alex. Brown & Sons,
Baltimore.
1st mtge, g ($1,000) J
Baltimore Traction— 1st
Deposit & Trust Co., Bait., Trustee.
500,000 July 1 1916
Go.,. Bait., Trustee.
Int.
at National Mechanics' Bank, Baltimore.
1892
5 g M-S
1,000,000 Sept 1 1942
Interest at Alex. Brown & Sons, Baltimore.
Baltimore Trust Co., Trustee.
1892
5 g M-N
700,000 May 1 1932
Interest at National Mechanics' Bank, Bait.
Mercantile Tr, & Dep. Co. of Bait., Trustee.
1897
5 g M-S
600,000 Mar 1 1932
Baltimore Trust Co., Baltimore, Trustee.
1896
5 J-J
Baltimore Catonsville & Ellicott's Mills—1st mortgage^ Safe Dep. & Tr.
$500,000, prin, g
Roland
Elevated—1st
mortgage,
gold
($1,000)
__c*&r
Central Ry—Consol mortgage
$700,000, gold ($1,000).—
—
Lake
consol
—
and
imp
1st mtge,
$600,000, g ($1,000)
Ext
^Interest at Nat. Mechanics' Bank,
Bonds.r—Ot the $38,000,000 of 1st
Bait.
consolidated bonds, $28,277,000 have
been issued ($2,368,000 being in treasury) and $9,723,000 (of which $673,000 is deposited as security for conv. and coll. tr. notes) have been set aside
underlying securities.
Income funding bonds are re¬
int. date at par and accrued int.
The convertible and
are secured by deposit of $673,000 first consol. bonds
and $1,541,000 com. stock.
They are red. at par and int. on 60 days' notice
and are conv. into com. stock at $25 per $50 share up to and incl. Jan. 2
1914; the right to convert ceases 5 days prior to date of redemption.
See
V. 92, p. 1702; V. 93, p. 46.
The Series "A" car trusts outstanding were
originally $350,000; they mature $35,000 per annum on Oct. 1 from 1905 to
1914, both incl.
All bonds are listed on Bait. Stock Exchange and the
1st consol. 4s and $14,000,000 income 4s are listed on Phila. Stock Exch,
Stock.—The preferred stock reported above as outstanding is all that
remains of the original issue of $14,000,000, the rest having been converted
into income bonds.
Com: stock listed on Baltimore and Philadelphia
Stock Exchanges.
V. 96, p. 1631; V. 97, p. 667.
DIVIDENDS.—Dividends of M of 1 % were paid in June 1899 and 2 H'
in Dec. 1899, and 2% each six months after that to and including Dec. 190c.
on both the income bonds and the pref. stock, the payment on the stock
(but not on the bonds) being subject to a deduction of M of 1% for taxes.
Payments due June and December 1904, June and December 1905 and
June 1906 omitted, and in 1906 coupons for these dates were funded, and
subsequent coupons were in like manner funded as they matured up to
and including Dec. 1910.
On June 1 1911 paid 2% on both income bonds
and pref. stock; Dec., 2%.
In 1912, June, 2%; Dec., 2%.
In 1913, June,
2%.
On com. ,1st div.—1H%—paid May 1912; Nov., 1H%.
In 1913,
April, 2%; July, 1%, payments to be made quarterly hereafter.
(See
V. 96, p. 1841).
ROAD.—Miles of track, 403.348; cars, 1,855; gauge, 5ft. 4H inch. Rails,
70-lb. T and 9-in. and 124H-lb. girder.
Capacity of (4) generating sta¬
tions, 45,205 k.w.; capacity of (5) sub-stations, 32,000 k.w.
for the retirement of
deemable
on
any
collateral trust notes
"
ending Dec. 31 1912 in V. 96, p. 1223.
1912.
1911.
1910.
1909.
29,472,537
28,698,339
27,911,573
27,124,556
172,233,341 161,467,727 154,928,785 145,601,990
69,344,828
64,643,636
60,789,807
57,030,556
REPORT for the year
Car miles
run...
Revenue passengers
Transfers
$8,571,489
3,868,876
$8,025,758
3,681,093
$7,687,895
3,601,896
$7,209,984
3,361,872
Net earnings.
income
$4,702,613
$4,344,665
$4,085,999
2,640
2,490
$3,848,112
2,490
Total income
Deductions—
Gross earnings
Operating
____
expenses.
—
.
5,515
Other
'
&c., at 85% of cost under
not
1811
MD.
BALTIMORE,
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.
4% on common stock.
$95,772; int
loch; Asst. Sec.. G. P. Gannett, Augusta, Me.;
Treas., G. E. Macombe, Augusta, Me.—V.
In
&c., lines.
1912, gross, $218,131; net,
year
SAN JOAQUIN LIGHT &
PROPERTY.—Operates street railway in Bakersfield. Operates power¬
37,000 n.p. capacity.
Operates 2,300 miles of transmission,
Does gas business in Bakersfield. Merced and Selma.
OFFICERS.—Pres., W. G. Kerckhoff; V.-P., A. C. Balch; Sec., L. M.
Farnbam; Treas. & Comp., A. E. Peat; Gen. Mgr., A. G. Wishon.—V. 91,
p. 965, 1332; V. 93, p. 350, 412, 537; V. 94, p. 921, 1123, 1388; V. 95,
p. 240,1611; V. 96, p. 139, 558,1093.1368; V. 97. p. 241, 732.
houses with
Safe
ORGANIZATION.—Incorporated in Texas on Jan.
Ry.
Franchise expires in 1942,
to the Austin Electric
Common
13
RAILWAYS
$540,276
481,593
Net
Earnings.
$864,372
622,537
Interest
Sk. Fd., &c.
$450,319
354,191
$4,708,128
$4,347,305
$4,088,489
$3,850,602
Fixed charges and taxes.
$3,004,415
Extraordinary expend...
Depreciation
Exting. disc, on securs—
$2,919,686
450,944
$2,861,635
864,049
$2,734,188
al, 013,413
428,574
38,056
$3,725,684
$362,805
$3,747,601
$103,001
Income bond interest
V
Preferred dividends——
J
560,000
560,000
$4,031,045
$3,930,630
$416,675
Balance,
Surplus.
$414,053
268.346
Total
Balance
a
deductions
surplus.
_*
$677,082
Includes $456,693 brought over from
1906.
\lo Emory Grove, G!yndor%\.
Reisterstown, 0wings Mills\
randallstown
o
\
11 To TOWSON
carney
lakeside
pikesville?^
baynesville
?aaalstcn
mt. washington
kelly
ave-
onecker
tuxedo
rockdale o
howardyille xf/
overlea
pimlico
hamilton
ofullerton
belgravia
lockearn
west
8ELVIEU
lauravill^/
arlington
arlington
hampden
>inthonyville
MtmtebeUojMr
hebbville
"roj£'
waverly
f
J
o
Jr
poplar
gold ring
s/wnciiu,iic
^
/cifftSn^ J\ cardenville
2forest
woodlawr
^^^bellview
Lake
)
rossville0/
& \ Druid Hil],
vrf\ par/f
park
.
windsor hills
i
y<2>
-
x—
•
oickeyville
wt.hollyv^lftoi
walters'
walbrook
m
north
lorraine
allenton
calverton
MONUMENT STV
read
;entri
■eonionpson
FAYETTE
8T.
mRMnujq AVE,
hollofield
O
BALTIMORE
BALT^ST,. V
Paterson 2
| Park \ "»
ST.
L"M8ARD
"1
prospect park
LOMBARD
2
"
'RATT
turnpike
l .pratt^
.><
catonsville
^claremorlr
FORT
brooks hill
spring garden
ellicott
westpdbt/^
city
flmchenr;
arbutus*
st. helena
halethorpe
brooklyn
masonville
fairfield
south
arvjndel co
MAP
OF
THE
„
Y
UNITED RAILWAYS & ELECTRIC CO
OF
BALTIMORE
baltimore
15
ELECTRIC RAILWAYS
Sept., 1913.]
OFFICERS.—Pres., William A. House; V.-P., Frank A. Furst; 2d V.-P.,
Mgr., Thos. A. Cross; Sec., William Early; Acting Treas., J. T.
Staub; Auditor, N. E. Stubbs.—V. 92, p. 463, 1033, 1175, 1437, 1702;
V. 93, p. 46, 165, 470, 1022, 1601, V. 94, p. 418, 1058, 1179, 1187; V. 95,
p. 95. 1124; V. 96. p. 1090, 1158, 1223, 1631, 1841; V. 97, p. 667.
and Gen.
cars,
Power stations have total capacity
7 snow-plows and 1 sprinkler.
17,700 h. p.
of
OFFICERS.—Pres., John R. Graham; V.-P., Frank Silliman Jr.; Clerk
& Treas., Howard Corning.
Under management of E. W. Clark & Co.—
V. 84, p. 338; V. 87, p. 1009; V. 89, p. 777; V. 92, p. 1374; V. 93. p. 468,1724
""""
& Chesapeake Ry.
Baltimore Sparrows Point
(1)
ORGANIZATION.—In Jan. 1903
leased for 999 years to the Un.
was
MONTPELIER
both
See V. 79, p.
Rys. & Electric Co. of Baltimore, which guarantees the bonds below,
to
as
principal and interest, and also owns all of the stock.
Has 35 miles of single track, including a line 22 miles long connecting
Baltimore with the Maryland Steel Works at Sparrows' Point, and extend¬
2643.
ing beyond along the shore of Chesapeake Bay, where summer resorts
been
established.
have
Outstanding.
Maturity.
Stock, $2,000,000
$400,000
—
First mtge., $2,000,000, gold
1903
4H S F-A
2,000,000 Feb
11953
($1,000) guaranteed, prin- Fidelity Trust Co., Baltimore, Trustee.
cipal and interest
c* [Interest at Alex. Brown & Sons, Baltimore.
Date.
Interest.
— -
-REPORT.—Operations included in United Rys. & Elec.
(2)
V. 80, p. 221.
Baltimore Halethorpe & Elkridge R3\
ORGANIZATION.—Incorp. on Dec. 26 1905 in Maryland.
Stock,
$100,000; outstanding, $10,000.
Has made a $300,000 mtge. to Fidelity
Trust Co. of Baltimore, trustee.
29-year 5% bonds, prin. and int.. payable
at Alexander Brown & Sons, Bait.; not guar, by United Rys. & Elec. Co.
None out.
Owns 2.964 miles of road, which is operated by .United Rys. &
Elec. Co.—V. 87, p.
THE
543.
MARYLAND
I.
&
BARRE
&
POWER
on
Nov. 12 1912 and owns a con
LIGHT
ORGANIZATION.—Incorp. In Mass.
CO.
trolling interest in the Barre & Montpelier Trac. & Power Co.
Also owns
all the stock of the Consolidated Lighting Co., Vermont Power & Ltg. Co.,
Corry-Deavitt-Frost Elec. Co. and Molly's Falls Elec. Lt. & P. Co.
On
15 1913 the business of these companies was consolidated and leased
Consolidated Lighting Co. for 99 years from Feb. 1 1913.
In Aug. 1913 the stockholders authorised an increase in preferred stock
from $1,100,000 to $1,310,000.
The new stock is to be issued in the
discretion of the directors.
V. 97, p. 668.
Feb.
••
STOCK AND BONDS—
"""
BARRE, VT.
.
STOCK AND BONDS.
Common
Date.
Interest.
$1,000,000 ($100)
Outstanding.
$1,000,000
6%
Pref $1,310,000 ($100) cum
Barre & Montp Trac 1st M
Maturity.
ELECTRIC RAILWAYS CO.
Elec. for the purpose,
—
1,100,000
See text
100,000 Nov 1 1917
gf 1897
5 g M-N
$100,000 ($500 each), not) Int. at American Tr. Co., Boston, trustee.
subject to call
c*)
Consolidated Lighting Co.—
5 J-J
700,000 Jan
1 1926
Vermont Power & Ltg Co
5 M-S
406,000 Mar 1 1927
Corry-Deavitt-Frost El Co
6 M-S
115,000 Mar 1 1936
Bonds.—The above bonds of light and power companies are guaranteed
by the Montp. & Barre Lt. & Power Co.
Dividends.—A div. of $2 50 was paid on the pref. stock Apr.
ORGANIZATION.—In 1906 the charter of the Maryland Elec. Ry. was
acquired by interests friendly to the United Rys. &
to
1
1913,
covering the 5 months from date of organization on Nov. 12 1912 to April 12
1913; $1 50 paid July 15.
EARNINGS.—From Nov. 12 1912 to June 30 1913, revenues, $63,738;
among others, of using that company to finance the needs of the jUnited Rys.
& Elec. Co. for additional property, and charter amended by Legislature in
net, $55,845; deductions, $24,591; surplus, $31,253.
ROAD.—The Barre & Montpelier Trac. & Power Co. owns 10.5 miles
1906 to adapt it to that purpose.
In Aug. 1906 was consolidated with the
Baltimore & Annapolis Short Line, which latter line has since been electri¬
of track between Barre & Montpelier.
The Maryland Electric Rys.
fied.
then acquired car-barn sites, terminals,
&c., and is erecting buildings, constructing extensions, purchasing equip¬
which is leased to the United Ry. & Electric Co. for an annual
of 6% upon the actual cost of the property.
At maturity of the
$8,000,000 bonds of 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 fuil in V. 83, p. 156.
There is no guaranty endorsed on bonds,
but the terms are such that rental will be more than sufficient to pay inter¬
est.
Stock listed on Baltimore Stock Exchange in Feb. 1908.
ment. &c.,
58-lb. T rail.
Gauge 4 ft. 8M in.
H. Tenney; Pres., A. B. Ten-
OFFICERS.—Ch. of Bd. of Directors, C.
V.-P., D. Edgar Manson; Gen. Mgr., H. T. Sands; Clerk, H. P. Wood;
Treas., E. A. Bradley; Asst. Treas. and Aud., H. A. Gidney.—V. 95,
p. 1331; V. 97. p. 668.
ney;
rental
STOCK AND BONDS—
Stock, $1,200,000 ($50)
First
gold)
mtge, $8,000,000,
Interest.
Date.
Outstanding.
Maturity.
$1,200,000 July'08, 1%
4,000,000 Oct 1 1931
Dep. Co., Bait., Trustee.
1,000,000 Aug 1 1946
Fidelity Trust Co., Baltimore, Trustee.
1906
5 g A-O
($1,000), sinking fund._c* Mercantile Tr. &
Baltimore & Annapolis first ( 1906
5 g F-A
mortgage, $1,000.000
Interest at Alex.
Brown & Sons, Baltimore.
Maryland Elec. Ry. 1st mtge. bonds
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 (1^%) was paid in Jan. 1907 and 2% was
paid July 1 1907.
In 1908, Jan., 1%; July, 1%; none since to May 1913.
Bonds.—A sinking fund of 1M% on
ROAD.—Operates 25.3 miles of track from Cliffords to Annapolis, which
An extension known as the St. Paul St.
1907; it is leased to Union Rys. & Elec. Co.
has been converted to electricity.
Boul. line was completed in
OFFICERS.—Pres., John Wilson Brown; V.-P., C. Loomis Allen; Sec.«
Austin McLanahan; Treas., Geo. May; Gen. Mgr., T. C. Cherry.—V. 85.
p.
1577;
V. 86. p. 337. 1159;
BATON
ROUGE, LA.
BATON ROUGE ELECTRIC CO.
Louisiana; does entire electric
business in Baton Rouge.
Rail¬
1942, electric-lighting and power 1988,
ORGANIZATION, &c.—Organized in
railway, electric-lighting, power and gas
franchise expires 1940; g&s
V. 88, p. 881.
way
Interest.
Outstanding.
Maturity.
STOCK AND BONDS.
Date.
$300,000
Common, $500,000 ($100)—
J-D
200,000 J'ne,13, 3%
Pref, $250,000 ($100) 6% —
5 F-A
415,000 Feb
1 19c
1st mortgage, $750,000, gold) 1909
($500 and $1,000)
c*/Int. at Old Colony Trust Co., Boston .trustee
Stock.—Div. on pref. is cumulative after June 1912.
Redeemable at 110.
Bonds.—$10,000 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 begins Feb. 1 1914.
Dividends.—On pref., 3% s.-ann. from Dec. 1911 to and incl. June 1913.
EARNINGS.—For 12 mos. ending June 30 1913, gross, $150,215; net,
tax£s, $59,065; interest, $20,776;
In 1912, gross, $134,811; net after taxes,
sink. fd., $1,729;
after
Dal., $36,561.
$53,260; int., $20,758; bal., $32,-
501.
ROAD.—Operates 3.9 miles of track in form of a single belt through
standard gauge.
Baton Rouge; 13 cars;
V. 88, p. 686.
OFFICERS.—Pres., Harry H. Hunt; V.-Ps., Edw. Godchaux and Guy
L. Weymouth; Sec., Alvah K. Todd; Treas., Henry B. Sawyer; Gen.
Stone & Webster Mgt. Ass'n; Mgr., T. C. Keeling.—V. 84, p. 506;
BANGOR, ME.
BANGOR
p.
RAILWAY & ELECTRIC CO.
BEATRICE,
ORGANIZATION.—Incorp. Feb. 16 1905 in Maine and is a consolida¬
Bangor Orono & Old Town Ry., Bangor Hampden & Winterport Ry., Public Works Co., Old Town Electric Co., Brewer Water Co.
and Penobscot Water & Power Co.
On Feb. 1 1907 purchased the Bangor
& Northern RR.
V. 82, p. 333.
Owns the entire capital stock of the
Bangor Power Co., also the entire capital stock, with the exception of one
share, of the Bar Harbor & Union River Power Co., and all the capital
stock of the Orono Water Co.
Owns and operates without competition the
electric railway lines in Bangor and Brewer and the lines connecting Bangor
with Hampton, Orono, Old Town, Charleston and intermediate towns.
Also the entire electric lighting and power business of Bangor, Old Town,
Milford, Orono. Brewer, Hampden, Veazie, Kenduskeag and Orrington,
with the exception of the municipal lighting in Bangor, and furnishes the
water supply to Veazie, Old Town,
Stillwater, Milford, Great Works
and Brewer.
In addition to the above, the company, through its controlled
companies, does the entire electric lighting and power business in Ellsworth
on Mt. Desert Island.
Also furnishes the water supply to Ellsworth
and
Orono.
Franchises.—Franchise for about 8 miles of track in Bangor expires in
1937; franchise covering operation of 2 miles of track in the city of Brewer
expires in 1940.
All others are perpetual.
STOCK AND BONDS—
Common, $2,000,000 ($100)--
Interest.
Date.
-—
Outstanding.
$2,000,000
Maturity.
1,500,000 Oct.'13, 1
$1,500,000 7% cum($100)
7 Q-J
2,000,000 April j.
1 xcuy
1935
1st cons M, gold, $2,000,000,1 1905
5g J-J
($500, $1,000)
c*(Guaranty Trust Co., New York, Tsustee.
Public Works Co, 1st, gold,) 1899
5 g A-O
600,000 April 1 1929
$600,000 ($500, $1,000)-c*fInt. at Old Colony Trust Co., Boston, Trus.
Pref
Bar Harbor & Un Riv
Power)
5 M-S
1907
Co 1st & ref, $2,000,OQO_c* J Commercial Trust
Bar Harbor Electric Light Co) 1901
4H M-N
283,000 Sept 1 1935
Co. Phila., Trustee.
100,000 May 1 1921
$100,000 ($500)
— -lint,
at Bortland Nat. Bank, Portland, Me.
Bangor Power Co, 1st mtge,) 1911
See text
1,160,600 Sept 1 1931
$2,500,000
/Int. at Union Trust Co., N. Y., Trustee.
Orono Water Co, first mort-f 1905
4}4 J-J
60.000 July 1 1925
gage,
call
gold, not subject to {Int. at Portland (Me.) Nat. Bank and Union
)
Safe Dep.A Tr. Co..Portland, Me., Trus.
.
_
V. 88,
^
tion of the
and
Mgrs.,
881; V. 89, p. 720.
_
Bonds.—The first consoL bonds are subject to call on 60 days' notice at
107H & int. on any int. date.
Int. at office of trustee, N. Y., or Eastern
Trust & Bkg. Co., Bangor.
See particulars, bonds, property, &c., V.
NEB.
BEATRICE ELECTRIC CO.
ORGANIZATION.—Formerly operated the street railway in Beatrice,
railway in
The Beatrice Electric Co. now does only
7 miles,.but this has since been given up and there is no street
operation any longer in Beatrice,
an electric-lighting
business.
j*.v<
^
BEAUMONT,
TEX.
EASTERN TEXAS ELECTRIC CO..
ORGANIZATION.—Incorp. in Maine in Dec. 1911 and owns the stocks
Light & Power Co., Port Arthur Light
Co., which do the entire
electric-lighting and power business in Beaumont and Port Arthur and the
ice-manufacturing and refrigerating business in the latter city, and also of
the Jefferson County Traction Co., which is constructing an interurban
electric railway between Beaumont and Port Arthur, a distance of 20 miles.
Franchises in Beaumont expire in 1963; in Port Arthur in 1943.
The rail¬
way will be chiefly on private right-of-way.
In June 1913 purchased the
$600,000 stock and $206,000 of the $600,000 bonds of the Beaumont Trac¬
tion Co., with a view to operating that road in connection with the Jeffer¬
son County Trac. Co.
V. 96, p. 1629.
"
and bonds of the Beaumont Electric
& Power Co. and Port Arthur Ice & Refrigerating
STOCKS AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Common, $2,000,000 ($100)
$1,400,000
Pref cum $2,000,000 ($100)
; 6% J-J
1,400,000
See text
1st mortgage collateral trust/ 1912
5 M-N
800,060 Nov 1 1942
gold
c*&r_)Int. at State St. Tr. Co., Boston, trustee.
Coupon notes $500,000 gold/ 1913
6 g J-J
506,000 July 1 1916
($500 & $1,000)
c*)lnt. at State St. Tr. Co., Boston, trustee.
Beaum Trac 1st M $600,000
5
600,000
1943
»
Stock.—Pref. stock is callable at 110.
$50,000 in treasury (in addition
to amount shown above).
Dividends.—6% is being paid on the preferred stock.
Bonds.—Authorized amount of bonds not limited.
$400,000 in treasury
in addition to amount outstanding as above.
Additional bonds may be
issued for 75% of cost of acquisitions, impts., add'ns, &c., under certain
restrictions.
Callable as a whole (or in part for sk. fd.) at 105 and int.
Sink. fd. 1% yearly of bonds out, begin. Nov. 1 1917.
Coup, bonds in denom. of $1,000 and $500 and reg. bonds of $5,000 and multiples.
V. 95,
p. 1745.
The 3-year coup, notes are red. at 100 & int. on 30 days' notice.
87, p. 1009.
The Public Works Co. bonds are not subject to call; V.
80, p. 2456.
$934,000 Bar Harbor & Union River Power Co, bonds have
been issued, of which $629,000 are deposited under Bangor Ry. & Elec.
1st cons. M., $16,000 are owned by that co. and $283,000 in hands of
public.
$6,000 in treas. of B. H. &U. R. P. Co.
Of the remainder, $100,000 are reserved to retire Bar Harbor Elec. Lt. bonds and $966,000 for exten¬
sions, &c., at 85% of cost of same. They are guar., p. & i., by Bangor Ry. 8c
Elec. Co. and are subject to call at 107H and int. on any int. date on 60
days' notice.
Int. at Merrill Tr. Co., Bangor; also in N. Y. and Phila.
Trustee of Bar Harbor Elec. Lt. Co. bonds is union Safe Deposit & Tr. Co.,
Portland, Me.
Of Bangor Power Co. 1st M. bonds, $750,000 Series A (all
out) bear int. at 4% to Sept. 1 1916; 4H% to Sept. 1 1921 and 5% there¬
after to maturity.
Series B, $1,750,000 auth. ($1,0000*). $410,000 out¬
standing, $30,000 in treas. of Bangor Ry. & Elec. Co. ana $1,310,000 re¬
served for extens., bett'ts, &c., at 85% of cost of same.
Subj. to call at 105
and int. on any int. date on 60 days' notice. No sink. fund. Both series
guar. p. & i. by Bangor Ry. & Elec. Co.
EARNINGS.—For 12 mos. ending April 30 1913 (incl. Beaumont Traction
Co.), gross, $461,352; net, after taxes, $165,432.
Property and Plants.—The electric light and power generating plants serv¬
ing Beaumont and Port Arthur have a present combined capacity of 4,400
h. p.; ice plant at Port Arthur, as recently enlarged, 75 tons pf ice per day;
street railway in Beaumont operates 12 miles of track with 20 closed and
4 open cars and power station of about 800 h. p.
The 20-mile electric rail¬
way between Beaumont & Port Arthur is expected to be in ioperation in
Dividends.—5% per annum paid on the old stock (all of one class) from
Oct. 1 1905 to Oct. 1909, when 1H% (quar.) was paid, which rate was con¬
tinued to Oct. 1910.
In 1911, 7%.
In 1911 stock was increased and new
pref. stock was created, on which 1% % has been paid quar. from Jan. 1912
to and including Oct. 1913.
ORGANIZATION.—Incorporated in Michigan in Jan. 1906 and is a con¬
solidation of the Benton Harbor & St. Joseph Electric Ry. & Light Co.
and che St. Joseph River Traction Co.
EARNINGS.—For years ending Dec. 31. Pass, carried in 12, 6,538,645.
Year—
Gross.
Net (after Taxes).
Interest.
Surplus.
1912
—.$710,027
$389,185
$199,658
$189,527
1911
596,113
317,250
154,585
162,665
„
-
.
ROAD.—Operates 63.4 miles of track in Bangor and Brewer, Me., and
Bangor to Hampden, to Orono, to Old Town and to Charleston.
Rails, 48 to 90-lb. girder and T standard gauge.
48 pass, and 26 freight
from
the fall of 1913.
OFFICERS.—Pres., Marshall M. Phinney; V.-P., Guy L. Weymouth;
Sec., C. M. Clark; Treas., H. B. Sawyer.
Gen. Mgrs., Stone & Webster
Mgt. Assn.—V. 93, p. 1791; V. 94, p. 1766; V. 95, p. 1210, 1745; V. 96,
p. 1627, 1629; V. 97, p. 49.
BENTON
BENTON
HARBOR, MICH.
HARBOR-ST. JOE RAILWAY & LIGHT CO.
STOCK AND BONDS.
Common
Date.
Interest.
Outstanding.
Maturity.
($100)-.
$800,000
Preferred, $400,000 ($100).
6 F-A
J
400,000
See text
Refund mtge *2.500,000 gold] 1909
5 g M-N
400,000 June
1935
($500 and $1,600)
c)Interest at Columbia Tr. Co., Louisv.,trust.
1st cons M. $1,000,000. gold/ 1906
5 g M-N
840,000 Nov 1 1935
($500 and SI,000)
c)Int. at Columbia Tr. Co., Louisv., trustee.
1900
5 g M-S
BH&8 JE1 Ry&L IstM,
160,000 Sept 1 1920
$200,000, gold ($1,000) — Int. at Am. Tr, & Sav. Bank, Chic., trustee.
-
16
ELECTRIC RAILWAYS
Bonds.—Of the $1*000,000 1st cons, bonds, $160,000 are reserved to re¬
BIRMINGHAM
[Vol.
ENSLEY
&
tire prior liens.
They are subject to call on any interest day at 105. The bds.
of the old company after 1910 have a sinking fund of
$10,000 per annum,
but bonds cannot be called.
See V. 71, p. 1268; V, 72, p. 282.
Of the ref.
are
being paid.
EARNINGS.—For cal. year 1912, gross, $363,988; net, $135,431.
Bessemer under perpetual franchise and, where there are no
franchises, on
private right of way.
When line is completed to Bessemer and Pratt City
freight service will be inaugurated.
Has arranged for physical connections
ROAD.—Operates 16H miles of track in St. Joseph and Benton Harbor,
•
with extensions of 243^ miles through Eau Claire to
Dowagiac and 10 miles
to Paw Paw Lake, making a total of 51 miles.
Is building an extension of
2H miles from Coloma to Watervleit, of which 2 miles is completed.
60, 70 and 73-lb
girder and T rails.
with
the
steam
railroads
entering Greater Birmingham.
Date.
Interest.
Outstanding.
Maturity.
$3,000,000
1,500,000
2,450,000 Mar 1 1941
$500 and $100)
c*/lnt at Equitable Trust Co., N. Y., Trustee
Bonds.—Remaining $1,050,000 bonds may be issued for extensions, bet¬
terments, &c., subj. to call at 105 and accrued int. on Mar. 1 1921 or any
Common, $3,000,000--Preferred, $1,500,000---1st M $3,500,000 g ($1,000,1
int.
BIDDEFORD, ME.
date
1911
5 M-S
thereafter.
ROAD.—Operates 28 miles of track from the eastern limits of Greater
Birmingham (East Lake) through the centre of the city of Birmingham to
Ensley.
Remaining 11 miles between Bessemer and Pratt City are expected
to be completed and in operation by Jan. 1 1914.
85-ib. steel rails; standard
gauge.
Has 25 P-A-Y-E steel coaches, 30 dump cars, 12 flat cars, 4 box
BIDDEFORD & SACO RR—A trolley road.
ORGANIZATION.—Incorporated Feb. 19 1887.
STOCK
AND BONDS
Date.
Interest.
Outstanding.
Maturity.
($50) $100,000-.
A-O
$100,000 Oct,'12, 3%
$300,000 ($1,000)
1900
igJ-D
150,000 June 1 1940
gold c*, No s f but can be]Interest at Portland Trust Co., Portland,
called in 1920Me., trustee.
EARNINGS.—For fiscal years ending June 30:
Year—
Gross.
Net.
Dividends.
Int., <fcc.
Surplus.
1911-12
$72,585
$23,860
$7,745
$5,000
$11,115
1910-11
68,381
19,277
5,000
6,759
7,518
ROAD.—Operates 8 miles of track between Saco, Biddeford and Old
Stock
mort
Orchard
all
STOCK AND BONDS—
25 passenger and 13 other cars.
OFFICERS.—Pres., C. K. Minary, Benton Harbor, Mich.; V.-P., Henning Chambers, Louisville, Ky.; Sec., L. W. Botts, Louisville; Gen. Mgr.,
H. C. Mason, Benton Harbor.—V. 82,
p. 333.
1st
BESSEMER RR.
ORGANIZATION.—Incorp. in Alabama with power to own, lease and
operate electric railroads and general railroads for transportation of mail,
express, freight and passengers, also to supply current for lighting and
power purposes.
Operates under 99-year franchise through Greater Bir¬
mingham, which covers the transportation of freight.
Will operate in
bonds, $1,000,000
are reserved for prior liens.
Dividends.—Pref. divs. at rate or 6% per annum
xcvii.
cars, 8 steel gondola cars, 3 electric-motor freight
p.749; V. 96, p. 1156, 1363; V. 97, p. 363.
cars,
&c.. &c.—V. 95,
BLOOMSBURG, PA.
COLUMBIA
POWER,
LIGHT
&
RAILWAYS
ORGANIZATION.—Incorporated in Delaware.
Beach.
CO.
Owns either the whole
90% of the capital stock, and in some cases the majority of the bonds,
of the following companies, operating in the towns of Blooms
burg, Danville,
or over
OFFICERS.—President, C. H. Prescott,
Treasurer, E. F. Lord.—V. 70, p. 1048; V. 73,
Biddeford;
494.
Secretary
and
p.
Catawissa and Berwick: Columbia & Montour Eiec. Ry.
($375,000 stock),
Bloomsburg St. Ry. was consolidated in May
1911 (V. 92, p. 1498); Berwick Elec. Lt. Co.; West Berwick Elec.
Lt.,
Heat & Power Co.; Irondale Elec. Lt., Heat & Power
Co.; United Gas &
with which the Danville &
BINGHAMTON, N. Y.
BINGHAMTON RAILWAY CO.—A trolley road.
ORGANIZATION.—Is
RR. Co. (chartered
a
Elec. Co.; Standard Gas Co., and Standard Elec. Light Co.
consolidation Sept. 30 1901 of the Binghamton
Aug. 11 1892
consolidation of all street railways in
Principal franchises granted
by special Acts of Legislature, and are perpetual and practically exclusive.
as a
city) and the Bing. Lestershire & Union RR.
STOCK AND BONDS—
Date.
Outstanding.
Maturity.
4 F-A
$978,995 Aug.'13, 2%
25,000
1913-1917
($5,000 due yearly)
1893
5 g J-J
50,000
1918-1922
($10,000 dtie y'ly Sep 1)
447,000 due Sep 1 '23
1895
5 g J-D
147,000 June 1 1925
Interest at Metropolitan Trust, New York
Binghamton Trust Co., Trustee.
1901
5 g M-N
1,290,000 Nov 1 1931
Stock, $1,150,000 ($100)Binghamton RR Co mtge,
$900,000, g, $1,000
c*
(See text) Interest at Mettropol
Trust Co,
N
Y,
—
Tnistco
Interest.
s
Bing Lest & Un 1st M ($250,000), gold, principal and^
interest guar_,_
I
Bing Ry 1st consol mtge, $2,500,000 gold ($1,000)__c*]Int. at Fidelity Trust Co., Buffalo, Trustee,
(or Seaboard National Bank, New York.
Bonds.-—Of the bonds of 1893, $75,000 mature in installments as indicated
in the table and the remainder Sept. 1 1923.
Of the Binghamton Ry. 1st
consol. mtge., enough are reserved to retire underlying bonds and the re¬
mainder for acquisitions, extens., &c., under careful restrictions.
They are
sub. to call at 110 & int.
See Y. 73, p. 1312; V. 78. p. 701; Y. 88, p. 748.
Dividends.—2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% April 11
1904 and 2% April 10 1905.
A scrip dividend of 20% was paid April 18
1905.
In 1906, 2/4 %.
In 1907, 2/^ %.
In 1908, 2)4 %.
In 1909, Sept.,
2H%.
In 1910, Sept., 2)4%.
In 1911, Sept., 3%.
In 1912, 4%.
In
1913, Feb., 2%; Aug., 2%.
ROAD.—Operates 48 miles of track.
Connects Binghamton with
Lestershire, Hooper, Endicott, Union and Port Dickinson.
An extension
from Union to Owego is being constructed.
Standard gauge, 60-ib. to
103-lb. T and girder rail; 75 motor cars and 27 trail cars.
EARNINGS.—For year ending Dec. 31 1912, gross, $425,028; net,
$194,928; int. & taxes, $116,119; surplus, $78,809.
In 1911, gross, $386,631; net, $174,728; int. & taxes, $112,363; surplus, $62,365.
OFFICERS.—Pres., G. T. Rogers; V.-P., Geo. W. Dunn; Sec., John B.
Rogers; Treas., H. C. Hardie.
Office, Binghamton, N. Y.—V. 88, p.
748; V. 90, p. 770; V. 91, p. 275; V. 93, p. 665, 1190, 1785; V. 94, p 205,
349, 1117; V. 95, p. 360.
,
BIRMINGHAM, ALA.
BIRMINGHAM RY. LIGHT & POWER.
Controlled by the American Cities Co. (see under "New
owns
Orleans"), which
88.83% of the common and 79.16% of the preferred stock.
ORGANIZATION.—Consolidation
on
June 13 1901 of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the Birmingham Ry.,
Light & Power Co.
Owns and operates the greater part of the street rail¬
way, gas and electric-light and power business of Birmingham and all the
principal near-by cities and towns. Franchises covering gas, electric-light
and power business and street railway lines are, with some unimportant ex
ceptions, stated to be perpetual.
Owns and operates a steam-heating plant
in Birmingham.
In Dec. 1912 increased its authorized com. stock from $3,500,000 to
$3,900,000.
V. 96, p. 61.
*
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $850,000
$850,000
Preferred, $350,000
----*
305,500
Collat trust mtge, $850,000, gl
1909
5 g
621,900 Feb 1 1939
($100, $500 and $1,000)---(Int. at Commonwealth Tr. Co., Harrisb.,Tr.
Col & Mont 1st M, $375,000,1
1901
5 g J-J
375,000 Jan 1 1931
g ($500 & $1,000)
c&r/lnt. at Commonwealth Tr. Co., Harrisb.,Tr.
Danv & Bloomsb St Ry bds,_
157,500
Berwick Elec Light Co bonds.
79,000
Bonds.—Coll. trust bonds are subject to call after 5 years in whole or in
part at 105 and interest.
—
-
EARNINGS.—-For year ending Oct. 31
Interest.
J-D
ROAD.—Operates between Danville, Bloomsburg, Catawissa and Ber¬
Standard gauge.
Began operations July 1909.
OFFICERS.—Pres., E. R. Sponsler, Harrisburg; V.-P., Myron I. Low;
Sec., A. W. Duy; Treas., M. Milleisen, all of Bloomsburg.—V. 89, p. 410;
V. 92, p. 1498; V. 94, p. 982, 1056.
BLUFFTON, IND.
MARION BLUFFTON & EASTERN TRACTION CO.—A trolley road.
Receivership.—As a result of a head-on collision on July 7 1912, in which
four persons were killed and 60 or more injured, and an order of the State
RR. Commission requiring heavy outlays for improvements, the Wells
County Circuit Court on July 24 1912 appointed the Union Sav. & Tr. Co.
of Bluffton as receiver.
The co. admitted its insolvency.
V. 95, p. 297.
ORGANIZATION.—Organized in 1905 in Indiana.
Private right of
Leases the Bluffton Geneva & Celina Traction Co.
way.
STOCK AND BONDS—
Date.
Common, $850,000 ($100)-First mtge, $850,000 ($1,000)1
1907
—
REPORT.—For calendar years:
Net after
Taxes.
Interest and
Sinking Fund.
Surplus.
1912
.$3,005,888
$1,213,772
$597,385
$616,387
1911
2,819,586
1,120,720
554,809
565,911
1910
2,681,960
1,120,862
547,570
573,292
1909
2,286,369
878,625
535,310
343,315
Passengers carried in 1912, 46,000,782, against 44,272,042 in 1911.
.
-
5
g
J-J
Outstanding.
$850,000
720,000
Maturity.
Jan 1 1937
no s f & not red__c&r/Int. at Marlon Trust Co., Indianapolis,Trus.
Bonds.—$130,000 are reserved for future betterments under certain re¬
•
ROAD .—Operates 51 miles of track (including 19 miles from Bluffton to
Geneva, leased), between Marion, where connection is made with Union
Trac. Co. of Ind. lines and Ind. Rys. & Light Co., and Bluffton, Ind., con¬
necting there with Ft. Wayne & Northern Indiana Trac. and Union Trac.
Co. of Ind.
Standard gauge.
70-lb. T rail.
,
OFFICERS—Pres., H. C. Arnold;
V.-P., L. A. Williamson;
Sec.,
Treas., W. A. Kunkel; Acting Gen. Mgr., L. C. Davenport; Aud.,
J. S. Clark; Supt., C. W. Clark; all of Bluffton.—V. 95, p. 297.
vacant;
(1)
Bluffton Geneva & Celina Traction Co.—A trolley8 road.
ORGANIZATION, &C.—Organized in Indiana in 1907.
Private right
Was leased July 1 1910 to the Marion Bluffton & Eastern Trac.
Stock, $450,000 com., $225,000 (5% cum.—J.-J.) pref.
Road 19 miles of
track between Bluffton and Geneva through Vera Cruz and Linn Grove.
Pres., H. C. Arnold; V.-P., A. G. Briggs; Sec., R. F. Cummins; Treas.,
of way.
W. A. Kunkel.
,
BOISE
IDAHO
■
.
.
RAILWAY,
CITY, IDAHO.
LIGHT
&
POWER CO.
ORGANIZATION.—Incorp. in Maine in 1912 with $20,000,000
com.
and $10,000,000 6% cum. prer. stock to acquire the following properties:
Boise & Interur an Ry.
Caldwell Power Co.
Boise RR., Ltd.
Dewey Elec. Lt. & Pow. Co., Ltd.
Swan Falls Power Co.
Boise Valley Ry.
Also owns the
following securities of the Idaho*Oregon Lt. & Pow. Co.;
$718,000 1st & ref. 5s, $854,000 consol. 1st & ref. 6s; notes (secured by
$500,000 cons. 1st <fe ref. 6s), $250,000; pref. stock, $2,148,400, and com¬
mon stock, $6,415,100.
Plan of Readjustment and Merger.—Interest due April 1 1913 on IdahoOregon 1st & ref. 5s having been defaulted, a bondholders' committee was
formed and
a
plan of re-adjustment drawn up as shown in V. 96, p. 1091.
This plan has been changed somewhat and under the amended plan (dated
May 1 1913) the Idaho Ry., Light & Power Co. will purchase all properties,
rights and franchises of the Idaho-Oregon L. & P. Co., subject to liens of
underlying bonds aggregating $534,000, and upon such purchase will cancel
the bonds and notes held by the railway co. (see above).
The Idaho Ry. &
Light Co. will then create a 2d mtge. covering all property held by it and
by the Idaho-Oregon Co. to secure an issue of $4,660,000 5% conv. bonds
($3,212,000 to be Series "A" and $1,448,000 Series "B").
Series "A"
bonds will be conv. after 5 years into Idaho Ry., L. & P. 1st & ref. 5s
&
ref. bonds out,
bonds
are
incl. bonds to be converted.
The $534,000 underlying
outstanding and the committee advances to depositing
to remain
J
bondholders the int. due April 1 1913
Date.
BONDS—
Idaho Ry., Lt. & Pow. Co.—
First and refunding mtge
5%
Gross
Interest.
-
gold,
strictions.
Maturit
$3,500,000 June'13,3«
3,900,000 June'13,3<
'
909,000 July 2 1924
<
Earns.
$235,188; net, after
Outstanding.
J-D
Pref($100) ,$3,900,000 6% cum
5 g J-J
Birmingham Ry & El 1st M gf 1894
Int.
at
Central
Trust Co., N. Y.
$1,250,000 ($1,000)
c*Birming¬
ham Tr. & Sav. Co., Birmingham, Trus.
Not subject to call.
1904
4)4 g A-0
Gen
M,
ref,
$10,000,000,
8,720,000 April 1 1954
gold ($1,000).
—c*- Int. at Commercial-Germania Tr. & Sav.Bk.,
New Orl., Trus., or at N.Y. Tr. Co., N.Y,
1907
6 g M-N
Ref & exten M $25,000,000
3,449,000 May 1 1957
($1,000) gold sink, fund.c* Interest at Old Colony Trust Co., Boston.
Trustee, and N. Y. agency of company.
Not subject to call.
1913
6 g J-J
Debenture notes, $2,500,000
500,000 July 1 1915
($1,000)
--—-c/
/Bankers' Trust Co., N. Y., Trustee.
Bonds.—Of the new $25,000,000 bonds, $9,629,000 are reserved for prior
liens, $1,200,000 for cost of new power house if first lien on same, and re¬
maining $10,722,000 for 80% of cost of additions if net earnings are 1)4
times the int. on all bonds outstanding, incl. those to be issued, and provided
10% of gross earnings have been expended for maintenance within previous
12 months.
The directors may make the rate of int. on succeeding install¬
ments not to exceed 6%.
Sinking fund of J4 of 1 % of bonds out commences
Sept. 1 1918.
Bonds purchased to be held alive and int. thereon re-invested.
For details of bonds, property, &c., see V. 87, p. 1603.
Of the gen. M. of
1904, no more bonds can be issued.
Sinking fund of
of 1% of bonds out
begins Aug. 1 1924.
The bonds are sub. to call at 105 & int. on any int.
day on 60 days' notice.
For 1st 5s of 1894 $12,500 per ann. is pay. into
a sink. fd.
$341,000 have been canceled.
The 6% debenture gold notes
are red. at 101 and int. on any int. date.
Not more than $3,744,000 Ref.
& Ext. Mtge. bonds shall be outstanding during life of these notes.
V.
97
p
363
Dividends.—First div. on pref. stock, of 3%, paid In Jan. 1902, and 3%
has been paid s.-a. since then, to and incl. June 1913; on com. stock in 1903,
3%; in 1904, 4%; in 1905, 4%; in 1906, 5%; in 1907 and 1908, none; in
1909, 2%; in 1910, 5%; in 1911, 7%; in 1912, 8%; in 1913, June, 3%.
Year—
gross,
wick.
.
Date.
STOCK AND BONDS—
Common ($100), $3,900,000--
1912,
taxes, $90,293; int., $63,767; surplus, $26,526.
4
inc bds
See V. 96, p.
Interest.
5%
(conv into 1st &
years)
ref bonds at end of 5
Boise & Int 1st M
$5,000,000\_1896
5 g A-0
1091, 1632.
Outstanding.
Maturity.
$4,500,000
2,000,000
1,068,000
1936
Trustee.
1906
5%
389,000
Dec 1 1936
--/Int. at Germantown Tr. Co., Phila., Trustee
$750,000
Idaho-Oregon Lt. & P. Co.—
First and refunding mortgage.
2,474,000
First and refunding mortgage
738,000
g($1,000)8 f&sub
to
call.'c&r/Int. at Colonial Trust"CoPittsb.,
Boise RR Ltd first mortgage!
ROAD.—Operates 138.1 m. of track in cities of Birmingham, Bessemer,
and in Jefferson County. Standard gauge. All but 26 miles 70 to 100-lb.. Consol first and ref mtge
1,020,000
Boise-Payette Riv El P mtge. 1901
T and girder rails. Owns 224 pass., 50 freight and 37 misc. cars. Total, 311.
483,000
1921
Capital El Lt M & Gas mtge.
OFFICERS.—Pres. and Gen. Mgr., A. H. Ford,
16,000
Birmingham; Geo
Inter-State Lt & Pow mtge--- 1907
H. Davis, Chmn. Ex. Comm., New Orleans; Asst. to Pres., M. S. Sloan;
1927*
35,000
V.-Ps., Lee C. Bradley, Birmingham, and Geo. Bullock, N. Y.; Sec., J. P.
PROPERTY.—Railways comprise 72.31 miles of track (incl. approx,
Ross; Treas., Theo. H. Rabe.—V. 93, p. 104, 1724; V. 96, p. 61, 1020,
17 miles in Boise) extending from Boise to Caldwell, Boise to
Nampa, and
from Nampa to Caldwell.,
1772, 1838; V. 97, p. 363.
Also owns a 550-ft. 5-span bridge over Boise
—
SEPT., 1913.]
17
ELECTRIC RAILWAYS
MAFO!
Bolibn Elevated Railway Co,
System.
Surface
\Projected«.
"Elevated®©®©®
Projected oqooo
Under
Construction©©©©
Subway cx
Projected -m
Under,
Construction^
Car Houses#.
Power Stations®
18
ELECTRIC RAILWAYS
River and a freight terminal and city
passenger terminal and office building
Hydro-electric plant on Snake River about 27 miles southwest of
Boise, present capacity 4,000 k. w.; ultimate development of about 7,500
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.
[Vol.
xcvii.
Year end.
Year end.
9 Mos. end.
Year end.
June 30 '12. June 30 '11. June 30 '10. Sept. 30 '09.
Revenue miles run
54,790,173
54,647,196
39,296,522
51,127,681
Revenue pass, carried..310,310,009
305,098,665 220,127,890 281,008,471
Earnings—
$
$
$
$
in Boise.
.
BOSTON, MASS.
Passenger
Mails, rentals, adv., &c_
15,467,352
436,695
15,199,971
435,994
10,984,441
261,182
14,024,768
331,044
Total
Net earnings
Int. on deposits, &c
Int. from securs. owned.
Int. charged to construe.
15,904,047
4,927,413
15,635,965
5,516,901
39,070
11,245,623
3,924,226
138,064
14,355,812
4,867,328
138,041
...
BOSTON ELEVATED RAILWAY.—(See
Map on page 17.)
ORGANIZATION.—Charter granted in 1897 provides for an extensive
system of free transfers.
The company also, in addition to
regular street
railway taxes, has to pay A of 1% of gross "earnings of all lines
owned,
leased or operated by it," and a sum
equal to the excess of the dividends
over 6%.
-Its charter, however, is understood to "grant it exemption from
reduction of fares, and also other immunities."
(See Massachusetts RR.
Commission, V. 65, p. 1223.)
Elevated cars run with electricity by "thirdrail" system; surface lines by trolley.
Six miles of elevated road opened in
June 1901; in Aug. 1901 put in operation the Atlantic
Ave. Loop Division.
Total
177",091
5,861.643
4,198,288
5,182,460
725,593
613,839
716,180
662,261
437,462
510,135
468,032
680,180
631,116
293,488
West End debt..
on
West End stock
454,759
153,159
9,180
56,040
706,000
131,033
340,500
58,782
18,204
on
Cambridge Connec. rent
Depreciation fund
Total
deductions
Balance
10 1922.
Dividends
—
The tunnel
Street
Ry.—In July 1911 Massachusetts
Legislature passed an Act (signed by the Governor on July 21 1911) super¬
seding that approved May 28 1908 (V. 86, p. 917, 1342), permitting the
consolidation of Boston Elev. and West End St. Ry. at the
expiration of
the present lease, on June 10 1922.
8% cum. 1st pref. stock of Bost. Elev.
(having the ordinary voting powers, but not "entitled to participate in any
increase or issue of new stock, com. or pref."), to be issued, $ for $, for West
End pref. and 7% cum. (or 8% if arbitrators so decide) 2d
pref. (having
all voting powers without exception) for com. 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 pref. stock without the consent of two-thirds of
the
holders of such stocks, respectively."
The Act also provides that the Street
Ry. shall forthwith sell to the Elev. Co. all unused real estate, the proceeds
not exceeding $1,500,000 to be investedjas a special tnist fund and to accum¬
ulate until June 10 1922.
Thereafter the annual income thereof shall be
applied to cancellation of 2d pref. stock.
When all the 2d pref. has been
than said fund shall be applied by the Elevated Ry. Co. to
any
purpose for which stock and bonds can legally be issued.
See terms of Act
In V. 93, p. 344.
Shareholders of both the Boston Elev. and West End St.
Ry. approved the Act; the former on Aug. 24 1911 and the latter on Sept. 6
1911.
V. 93, p. 666.
Holders of West End com. and pref. stock may on
or before June 101922 exchange their stock at
par for Elevated Ry. common.
After June 10 1922 holders of Bost. Elev. 1st or 2d pref.
may exchange
their stock for an equal amount at par of Bost. Elev. common.
retired
618.
V. 95,
Date.
Interest.
Outstanding.
Maturity.
Stock, $23,950,000 ($100)
F-A
$23,950,000 Augl5'13,3%
Debentures, gold
c&r/ 1905
4 g M-N
8,500,000 May 1 1935
[Old Colony Trust Co., Boston, Registrar.
Debentures, gold
c&r 1907
4A A-O
4,800,000 Oct
1 1937
Debentures,gold
_c*&r* 1911
4A M-N
5,000,000 Nov 1 1941
Debentures, gold
c*&r* 1912
5 J-D
4,000,000 Dec 1 1942
.
Bonds.—The coupon bonds are in denominations of $500 and
$1,000
(except 1911 issue, which are for $1,000 only), and registered bonds of all
are in denominations of $1,000, $5,000,
$10,000 and $50,000.
issues
Dec.
1908
the
Massachusetts
Railroad
Commission
sanctioned
$6,650,000 additional stock (raising stock to $19,950,000) at $110
per share,
to defray the cost of the Cambridge
subway and for the construction of the
East Cambridge and West End elevated lines.
V. 87, p. 1662; V. 88, p.
1372.
In Dec. 1912 increased its stock from $19,950,000 to
$23,950,000
and offered stockholders the right to subscribe for new stock at
$105 per
share.
V. 95, p. 1272; V. 96, p. 61.
Also issued $4,000,000 30-year bonds
for construction, equipment, funding
floating debt, &c.
V. 95, p. 1272,
1606.
Dividends.—First div., 2H%, was paid Aug. 15 1898.
In 1899, 5%%;
In 1900, 4A%\ in 1901, 5in 1902 to 1912
inclusive, 6% yearly; in
1913, Feb., 3%; Aug., 3%.
Latest
Earnings.—For year ending June 30 1913, $16,808,908; net, $5,673,327; other income, $159,419; charges & deprec'n, $5,132,124; dividends,
$1,197,000; deficit, $496,377.
ANNUAL
REPORT.—Report of Boston Elevated Ry. for
June 30 1912 in V. 95, p.
1400.
-
year
ending
sur.10,446
sur.38,914
,
Miles.
Companies
Controlled
by
Boston
Elevated
Railway
Co.
(1) West End Street Railway.—A trolley road.
ORGANIZATION.—Leased to Boston Elevated Ry. until June 10 1922
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 Ry.
See particulars under latter company.
In Dec. 1896 leased the right to use the Tremont Street
subway at 4% %
of its net cost, stated approximately as $5,786,000 in
Sept. 1898, when the
third and last section was opened.
Entire length is 1 2-3 miles, with a
trackage of about 5 miles.
See V. 63, p. 1065, 1117; V. 67, p. 528.
See
Bost. Elev. for extension of contract ana new construction.
On April 6 1912 Mass. RR. Comm. approved the issue of
$754,000 addi¬
tional 4 A % bonds of 1910 to pay in part the cost of impts. made
by Boston
Elevated.
V. 94, p. 561, 1058; V. 91, p. 1631, 1575, 1513, 872, 791,
718,
655. 277; V. 86, p. 549, 482, 109, 53; V. 85, p. 1578, 1520; V. 84, p. 1553,
1369,932,805,572.
On Feb. 13 1913 the Mass. RR. Comm. granted permission to issue
$600,000 20-year 5% bonds and $220,000 additional com. stock to repay the
Boston Elevated for improvements.
Y. 95, p. 1609; V. 96, p. 489, 655.
STOCK AND BONDS—
Interest.
Date.
1896
Outstanding.
Maturity.
$12,730,150 Oct '13, 3 A
6,400,000 July'13, 4%
4 A g M-S
2,000,000 Mar
1914
4 g M-N
1916
815,000 May
1897
4 g F-A
2.700,000 Feb
1 1917
4 F-A
4,743,000 Aug
1 1915
Com stock
7 A-O
Preferred
8 J-J
($50) $12,730,150
($50) $6,400,000—
Gold bonds of 1894
Gold bonds of 1896,
1894
$2,275,-1
000 not mortgage
Gold bonds of 1897, $2,700,000 not mortgagec.
—
Currency
bonds ($1,000) not/ 1900
,
el Interest
mortgage
Bonds
($1,000)._
Jc*
-c&r
c&r
1902
1908
1910
Joseph
B.
at
Old Colony Trust Co., Boston.
4 F-A
4A J-J
4A J-J
5,709.000 Aug
700,000 Jan
1,604,000 July
1912
5 M-N
600,000 Nov
Bonds.—With the exception of 1900 issue (noted above), interest
issues is payable at American Trust Co., Boston.
Bonds
($700,000)Bonds ($1,000)
Bonds-*.---
——
-
11932
11923
1 1930
1 1932
on all
*
OFFICERS.—Pres.,
Russell;
Treas.,
Parkman
Dexter.—
V. 88, p. 102, 824, 946, 1003; V. 89, p. 44, 1484, 1544; V. 90, p. 238, 1678;
V. 91, p. 155, 277, 655, 718, 791, 872, 1513, 1575, 1631; V. 92, p. 660, 1437;
V. 93, p. 347, 409, 528, 667; V. 94, p. 561, 1058, 1121; V. 95, p. 619,
1474, 1609; V. 96, p. 489, 655.
Somerville Horse RR.
(2)
Owns 8.03 miles of track.
.
Leased to West End Street Ry. for $9,180
yearly—6% on $153,000 stock.
Dividends
BOSTON SUBURBAN ELECTRIC
are
payable M. & N. in Boston.
COMPANIES.—A trolley system.
ORGANIZATION.—This company is a voluntary association formed In
Nov.
1901 on the same lines as the Mass. Electric Companies.
Con¬
trols
through stock ownership the Middlesex &
Boston Street
Ry.
(into
which the Natick & Cochituate St. Ry., the Westboro & Hopkin St. Ry.,
the Newton & Bos. St. Ry., the Newton St. Ry. and the Lex. & Boston St.
In 1902 purchased Norumbega Park and Lexing¬
In 1908 Massachusetts RR. Comm. sustained action increasing
Ry. have been merged).
ton Park.
fares
several of the subsidiary
lines from 5 to 6 cents.
Y. 87, p. 345.
Has acquired freight rights in several of the towns along its lines.
on
STOCK.—Shares have no par value, but in case of liquidation the pre¬
ferred shareholders will be entitled to $100 per share, with accrued dividends,
the
common
shares
.
STOCK AND BONDS—
sur.153,461
4,341,043
841,417
(6)802,503
OFFICERS.—Pres., William A. Bancroft; V.-Ps., Charles S. Sergeant
.
the West End St. Ry. and dismissed the suit to prevent the merger.
53,216
Aud., J. Henry Neal.—V. 89, p. 1279,1410; V. 90, p. 105, 235, 1554; V. 81,
p. 335, 869; V. 92, p. 115: V. 93, p. 228, 344, 406, 526, 666, 730, 795, 870,
1105, 1323, 1384, 1785; V. 94, p. 67, 1185, 1565; V. 95, p. 296, 618, 1121.
1272, 1400, 1402, 1606; V. 96. p. 61.
On
Sept. 5 1911, in a suit brought to test the constitutionality Of the
Merger Act, Judge Colt in U. S. District Court sustained the demurrer of
254", 924
4,840,539
4,511,182
3,290,092
705,368
1,350,461
908,196
(6%) 1,197,000 (6)1,197,000(4^)897,750
—
End
41,674
and Matthew C. Brush; Treas., Henry L. Wilson; Sec.,
Henry S. Lyons;
New Construction of Subways and Old Contracts to be Extended.—In
July
1911 Mass. Legislature passed an, Act (accepted by the city and Bost. Elev,
1911) providing for the construction by the city of three additional
West
255,666
57,783
Weight of girder rails is 70 to 100 lbs.
Cars, 3,713; horses, 247; electric
motors, 6,613; snow plows, 302; snow sleds, 621; misc. vehicles, 486-
in Sept.
with
324",000
-
Miles.
Proposition was ratified by voters at Dec. 1902 election.
V. 75, p. 28, 496,
1315; V. 77, p. 2097; V. 82, p. 217.
The Washington Street tunnel began
operation Nov. 30 1908.
v.
87, p. 1477.
In 1907 an Act was passed
modifying plans somewhat, and permitting Boston Transit Commission to
construct a subway to be known as the Riverbank
Subway, but this was
repealed in 1911.
Subways in Cambridge.—In June 1906 a measure was passed by the Massa¬
chusetts Legislature, and became a law, which permits the Boston Elev. to
construct two subways in Cambridge, and to issue stock or bonds to meet
the cost.
At the end of 20 years the city of Cambridge is to have the
right
to purchase these subways by paying their cost
plus 7% interest, less divi¬
dends.
V. 83, p. 93.
See remarks concerning these subways in company's
report for 1906, as given in V. 84, p. 155.
Work on subways was begun
Aug. 12 1909.
The company in 1908 filed with the Mass. RR. Comm.
preliminary estimates of the cost, showing an aggregate of $10,639,278.
See
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.
Y. 94, p. 1185.
Consolidation
6,885
36,278
417,000
59,054
139,171
186,792
1,290,410
9,180
46,566
556,000
track(13.399m."L")240.313 Owned by West End
415.224
track(13.179m."L")206,235 Leases,tr'k'ge,&c. (35.018"L") 91.867
Sidings, &c. (8.440 m. "L"). 60.543
Total (incl. 35.018 "L")..507.091
Total (incl. 35.018 m. "L")507.091 Electrically
equipped.
500,600
a tunnel for elevated trains and leased same to the
Boston
Elevated Ry. for 25 years at an annual rental of 4 A
% of total cost of con¬
struction, which up to Mar. 31 1913 was $7,651,168 net.
V. 88, p. ,98.
Strike.—The strike of conductors and motormen, which
began June 7
was ended July 29 1912, the cpmpany having agreed not to discrimi¬
nate between union and non-union men.
V. 95, p. 296.
-
Main 1st
Main 2d
has constructed
1912,
9.180
556,000
Road June 30 1912.
opened Dec. 30 1904.
It extends from the
main land to East Boston, 1.4 miles, and cost
$3,500,000.
On June 28 1902 Washington Street
Subway bill became a law.
The city
Damages by Noise.—In Aug. 1902 Judge Mason, in the Superior Court
at Boston, held that the company is liable for damages from noise caused
by the operation of trains.
V. 75, p. 496.
This was affirmed April 1903
by Massachusetts Supreme Court.
V. 76, p. 809.
„
•
106,239
138,623
967.808
200", 000
Balance for year...._def.491,632
was
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), 4 A % on net cost; East Boston tunnel (now expiring
June 10 1922), 4H%on net cost (provision for tolls from passengers
using
the tunnel eliminated for extension period); Washington St. tunnel
(now
expiring Nov. 30 1933), 4M% on net cost.
Annual rental for new lines:
Cambridge connection, for first 20 years, 4K% on net cost; thereafter 4A %
on net cost; Dorchester and Boylston tunnels and
East Boston tunnel ex¬
tension, 4H % 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.
342,418
145,109
185,305
1,358,848
185,740
1,387,710
a
June 10 1922.
In
135", 998
5,545,908
Bos.El.fund debt
Int. on unfunded debt..
Wash'ton St. tunnel rent
East Boston tunnel rent
toll of lc. per person, which goes to the city; but under the
general
extension of contracts made in 1911, this provision will be eliminated after
p.
24,180
281,492
Div.onSomerv.HorseRy.
Rent. Old C.
St.Ry.,&c.
Int.
In Dec. 1896 the West End Street Ry. leased the right to use the Tremont
Street subway in Boston.
See terms under West End Street Ry.
On Dec. 24 1904 the East Boston tunnel
(under Boston Harbor) was
leased by the Boston Elevated Ry. until June 10 1922 for a rental of
% of 1 %
of earnings of all lines owned, leased or
operated.
The company also col¬
»
on
Divs.
Cambridge elevated extension, extending from Lechmere Sq., E.Cambridge
through the West End of Boston, to North Station.
V. 94, p. 1565.
On April 29 1903 leased from the Old
Colony Street Ry. (now merged in
the Bay State St. Ry.) all that
company's tracks in the city*of Boston,
amounting to 23.753 miles.
The lease is for 99 years and provides that
besides paying taxes the Elevated Co. will
pay 6K % of replacement value
(appraised at $353,979, less the rental of certain short pieces of track
appraised at $13,866) of the property leased as of date Feb. 16 1903, and
4% on the cost of all additions and betterments.
Lease of West End and Subway and Tunnels.—The West End Street
Ry.
lects
69,460
496,527
Deductions—•
Int.
Taxes, West End..
Taxes, Boston Elevated
Tax on earnings and U.S.
corporation tax
Rental of subway
Extensions.—An extension of the elevated road to Forest Hills
was put in
operation Nov. 22 1909; V. 89, p. 1410.
In April 1905 $7,500,000 new
bonds were issued to provide for this extension and for
payment of floating
debt, &c.
See V. 80, p. 1423.
On June 1 1912 put in operation the East
is leased until June
52.508
participating pro rata in
the remaining assets.
(See-
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
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
one
shares of cum. pref. stock outstanding and
the issue of notes in place of
holders having the option of taking cash or notes for their stock.
p. 1487.
Date.
Interest.
Outstanding.
Maturity.
Common stock
50,296 sh
Preferred stock, $4 per sh, cum
Q-J
32,387 sh. Julyl5'l3,$l
4 J-D
Coupon
notes,
1,100,800 Dec
11919
$2,000,000/ 1909
($100, $500 and $1,000)—[Interest at Boston Safe Deposit & Trust Co.
Notes $2,000,000-9 years
same,
V.
96,
-
Notes.—The 1909 notes are not specially secured, but are simple obliga¬
tions of the company, subject to call on any interest date on 60 days' no¬
tice at 105 before Dec. 1 1914, thereafter at 102A.
V. 89, p. 1068.
ROAD.—Companies owned and controlled operate in the aggregate about
131 miles of track from Needham on the south to Lowell on the north, and
connecting at five points with the tracks of the Boston Elevated Ry.
At
Westboro connection is made with the Worcester Consolidated.
Dividends.—First of $1 on preferred paid April 1902; also $1 July 1902
1902.
In 1903, $4; in 1904, $2 50; in 1905, $2; in 1906, $2 75;
Jan., April and July 1908 div. passed.
In Oct. 1908 divs.
resumed, and paid 75 cents.
In 1909, $3.
In 1910 to-1912, incl., $4.
In
1913, Jan., $1; April, $1; July, $1.
Arrears of divs. to Sept. 1 1913, $10.
and $1 Oct.
in 1907, $3.
REPORT.—For year ending June 30 1912:
$129,596; divs., $129,548; surplus, $48.
Income,
net,
1
'•
-A
.
•
gross,
$189,407;
Sept., 1913.J
ELECTRIC RAILWAYS
19
20
ELECTRIC
OFFICERS.—Pres., Adams D. Claflin; V.-P., Sydney Harwood; Treas.,
Alden E. Viles; Sec., A. A. Ballantine; Asst. Treas., G. M. Cox.—V. 87, p.
36, 345, 812, 1418, 1532; V. 88, p. 1126; V. 89,
V. 90, p. 53; V. 91, p. 37; V. 94, p. 281; V. 95, p.
p. 49.
(1)
720, 846, 1068, 1541;
7; V. 96, p. 1487; V. 97,
.
ORGANIZATION.—Organized in 1907 and took over the South Middle¬
Street Ry., sold at receivers' sale July 1 1907, and has since acquired
Westborough & Hopkinton St. Ry., the Natick & Cochitu87, p. 1420), the Newton St. Ry. (into which Waltham St.
Ry. had been merged, and which had acquired Commonwealth Ave. St. Ry.
and Wellesley & Boston St. Ry.), V. 89, p. 778, and the Newton & Boston
St. Ry. (V. 89, p. 993).
On May 9 1912 Mass. RR. Commission granted
permission to absorb by consolidation the'Lexington & Boston St. Ry. and
issue $525,000 stock in exchange $ for $ for stock of absorbed
company;
sex
94, p.
1317.
In Dec. 1911 Mass. RR. Comm. auth. the company to issue
$1,483;000
refunding bonds, of which $1,200,000 have beeen issued.
See below and
V. 93, p. 1787, 731.
On Aug. 1 1908 Mass. RR. Commission gave a decision sustaining New¬
ton St. Ry.'s right to charge 6-cent fares and to charge one cent extra
(beyond the ordinary 5 cents) for each transfer issued.
See Y. 87, p. 345.
In Aug. 1909 Comm. granted the Middlesex & Boston the right (for an ex¬
perimental period of one year) to charge one cent extra (beyond the regular
5 cents) for each transfer issued; in Aug. 1910 privilege was continued for
another year
and in Aug. 1911 privilege was again extended and is still
in force.
'
STOCK AND BONDS—
Date.
*
"
..
Interest.
Outstanding.
Maturity.
Stock, $1,987,000
$1,987,000 In 1912-13,4
First and ref M, $5,000,000
1912
AH g J-J
1,408,000 Jan
11932
gold ($1,000)
-c Int. at Boston Safe Dep. & Tr. Co., trustee.
Commonwealth Ave 1st mtge
5 g F-A
1896
75,000 Feb 1 1916
$75,000 ($500) gold
c* Int. at Internat. Tr. Co., Boston, trustee.
Lex & Bost 1st M, $500,000,
1900
AH S A-O
500,000 July 1 1920
g ($1,000), callable 105_ _c*l Interest at Beacon Trust Co., Boston, trustee
Current liabilities June 30 1912
1,588,937
—
Bonds.—Of the 1st & ref. bonds, $75,000, are reserved to retire under¬
lying 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 1 1921, incl.,
at 107H and int.; Jan. 1 1922 to July 1 1926 incl.* at 105 and int.; Jan. 1
1927 to July 1 1931 inch, at 102H 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
track
of
in
Waltham,
Newton,
Water-
town, Natick, Wellesley, Framingham, Hopkinton, Needham, Westboro,
Sberburn, Wayland, Belmont and Ashland, connecting with the Worcester
Consolidated
Street
Ry.,
the
Boston
Elevated
Ry.
(at
4
points),
&c.
Forms a link in a through line from Boston to Worcester.
Also owns 32.356
miles of track, leases 0.745 mile; total, 33.101 miles, extending from Arling¬
ton Heights (terminus of Boston Elev. system) through Lexington and Bed¬
ford to Billerica, where cars go through to Lowell without change, and also
to the Sullivan
Square, Charlestown, station of the Boston Elev. Ry., with
Total track owned, 128.254 miles.
264 pass, and 14 work cars; 26 snow plows and sweepers.
60 to 75-lb. T
and 95-lb. girder rails.—V. 89, p. 778, 993; V. 93. p. 731, 1787; V. 94, p.
207, 351, 1317; V. 97, p. 237.
branches to Waltham and to Concerd.
MASSACHUSETTS
{See Map on page 19.)
ELECTRIC : COMPANIES.—Street
railways.
«
ORGANIZATION.—Formed
in May 1899.
Is no(; an incorporated
voluntary association managed by a board of fifteen trus¬
tees, who hold the title to its assets. * Messrs. E. Rollins Morse & Bro. and
Tucker, Anthony & Co. of Boston, who promoted the combination, in June
1899, in offering some of the stock for public subscription ($1,000 of pre¬
ferred and $500 common was offered for $1,050), stated that "the Declara
tion of Trust contains strict provisions against the creation of any indebted¬
ness whereby any shareholder or trustee can be held to any personal lia¬
bility."
Comprised originally between 30 and 40 separate properties, but
through consolidation there is now only one operating company, namely, the
Bay State Street Ry., whose entire common stock is owned by the Massa¬
chusetts Electric Cos.
The Hyde Park Electric Lt. Co., formerly owned,
was sold on Jan. 3 1912 to Edison Elec. Ilium. Co. of Boston, but in March
1912 the Bay State St. Ry. bought back the power station.
The system comprises electric street railway lines in 22 cities and 70
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 electriclighting property in Newport, R. I.
Payment of Accrued Divs. on Pref. Stock.—On Jan. 5 1912 pref. share¬
holders were offered $3,649,000 in negotiable warrants for additional pref.
stock, to represent accrued dividends of 17% % on pref. shares. New pref.
shares issued July 1 1912.
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. Ry. which they may 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.
company,
STOCK
of
but
a
AND
participation
BONDS.—The share capital is represented by certificates
which give the
owners a
proportion interest in the shares
held by the trustees. Both classes of shares are reported exempt from taxa¬
tion in Massachusetts.
Com. stock and stamped pref. stock listed on
Boston Stock Exchange.
The balance sheet of the controlled Bay State St. Ry.
shows funded debt June 30 1913, $23,106,000, and notes for amounts due
Mass.
Elec.
Cos.,
$1,450,000.
-
Date.
Rate.
Outstanding.
Dividends.
stock,
par
$1001 ^—
$14,293,100
($14,293,100)
Pref.
stock,
par
$100 4%1
4 J-J
24,111,802 July '13,2%
cum ($24,206,400)
i
Coll trust coupon notes, gold!
3,100,000 May 1 1915
1913
5 g M-N
fc ($1,000) $3.500,000
_c*j01d Colony| Trust Co., Boston, Trustee.
Common
.
.
a
price at which the note, if held to maturity, would net the
holder 3%% per annum;
int. computed semi-annually.
REPORT.—Report for the year ending Sept. 30 1912 (see "Chron."
Dec. 7 1912, p. 1537), shows receipts from divs.,
$962,485; from int. on
notes, &c., $161,668; total, $1,124,153; expenses, $23,837; int., $166,500;
divs., $822,296;
$2,761,810.
surp.,
$111,520;
DIVIDENDS.—-First div.
prev.
surplus, $2,650,290; total surplus,
•
pref. stock, 2%, was paid Dec. 1
2% June 1 1900.
Div. period then changed to J&J and 2 1-3%
1001; July 1901, 2%; in 1902, 4%; in 1903, 4%; in 1904, 4%.
1905 dividend was passed and none paid until Jan. 1909, when
on
1899; also
paid Jan.
The Jan.
1% paid;
p. 1420,
and V. 89, p. 1597.
In 1910, 3%%.
In 1911, 4%.
In 1912, Jan., 2%;
July, 2%.
See above for payment of accrued divs. of 17%%.
In 1913,
Jan., 2%; July, 2%.
July, 1 H%.
See V. 79, p. 2642, 2456; V. 85,
p.
1646; V. 87,
ROAD, &c.—The Bay State St. Ry. ownsJ858.827miles and leases 65.909
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.
OFFICERS.—Pres.,
Gordon Abbott; V.-P., Charles E. Cotting; Sec.,
Mgr., P. F. Sullivan;
Philip Dexter, Chair¬
man; Gordon Abbott, Charles Francis Adams 2d, Galen L. Stone, Percy
Parker, Philip L. Saltonstall and Charles E. Cotting.
Office, 84 State St.,
Everett W. Burdett; Treas., J. H. Goodspeed; Gen.
Gen. Auditor, H. H. Read.
Executive Committee:
V. 88. p. 883, 1437, 1560; V. 89, p. 163, 348, 1411, 1483, 1540;
1597; V. 90, p. 54, 167, 1425, 1491; V. 91, p. 1254, 1328, 1570, 1574, 1767;
92. p. 118, 1181, 1500; V. 93, p. 105, 1462, 1597, 1787; V. 94, p. 68;
V. 95, p. 618, 750, 1123, 1403, 1537; V. 96, p. 203, 653, 716, 1089, 1298.
Boston.
V.
(1)
Bay State Street Ry.—An electric road.—(See Map
ORGAN ZATION.—This
was
the Lynn & Boston RR.
on page
19.)
(incorp. in Mass.
April 6 1859), but on July 23 1901 name changed to Boston & Northern
St. Ry. 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
xcvii.
these absorptions was in June
1911, when the Bos. & Nor. took orsr the
Old Colony and issued 7,767 shares of
pref. and 80,041 shares of com.|in
exchange for like amount of Old Col. Street Ry. stock,
Beverly & Danvers.
Mystic Valley.
Needham & Boston.
New Bedford Middleb. & Brockton.
Norfolk Central.
Norfolk Suburban.
North Woburn.
Old Colony Street Ry.
Bridgew. Whitman & Rockland.
Brockton Bridgew. & Taunton.
Brockton & East Bridgewater.
Dighton Somerset & Swansea.
East Side Brockton & Holbrook.
Providence & Taunton.
Georgetown Rowley & Ipswich.
Globe Street Ry.
Gloucester Essex & Beverly.
Gloucester & Rockport.
Quincy & Boston.
>
Reading & Lowell.
Reading Wakefield & Lynfield.
Rockland & Abington.
Rockport Street Ry.
Gloucester Street Ry.
Hanover Street Ry.
Salem & Wakefield.
Haverhill & Andover.
Haverhill Georgetown & Danvers.
South Shore & Boston.
Taunton & Brockton.
Taunton Street Ry.
Wakefield & Stoneham.
Hingham Street Ry.
Lawrence & Reading.
Lowell & Woburn.
West Roxbury & Roslindale.
Whitman Street Ry.
Woburn & Reading.
Lowell Lawrence & Haverhill.
Lowell & Suburban.
Middleton & Danvers.
On March 5 1913 the RR. Comm. auth. the issuance of
$660,000 1st
pref. stock and on April 2 1913 granted permission to issue $266,000 Boston
& Nor. ref. 4s and $163,000 Old
Colony ref. 4s (all auth. by shareholders
on Jan. 14
1913), on account of additions and improvements.
On Aug. 15 1912 Mass. RR. Comm. granted
authority to issue $2,000,000
5% coupon notes to fund floating debt and $1,469,900 additional com.
stock at par for additions and impts. V.
95, p. 418, 175; V. 94, p. 1055.
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 near the
Albany power station.
V. 95, p. 1123.
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 un¬
der 16 years of age for half fare.
V. 94, p. 1507.
Lease.—In 1903 the Boston Elevated Ry. leased all of the track of the
former Old Colony Street Ry. (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%% 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 div.,&c
$20,517,200 June'13, 2H
2,748,600 Aug'13, 3%
1912
5 F-A
2,000,000
See text
(Interest st American Trust Co., Boston.
Bos & Nor ref mtge, $15,000,-1 1904
4 g J-J
7,151,000 July 1 1954
000, gold ($1,000)
c*/Int. at American Trust Co., Boston, Trustee.
Lynn & Boston 1st mtge, g, 1 1894
5 g J-D
3,723,000 Dec 1 1924
$5,379,000 ($1,000) -_..c*/Int. at Old Colony Tr. Co., Boston, Trustee.
G R & I 1st mtge ($1,000),1 1900
5 g J-D
180,000 June 1 1920
$180,000, gold-____
-/Interest at City Trust Co., Boston, Trustee.
H G & D 1st mtge__^___
1899
5
35,000 Mch 1 1919
Lynn & B coup notes, $405,000 1897
6 A-0
'
405,000 April 1 1917
Gloucester Es x & Bev 1st
M,\ 1896
5 g J-D
125,000 Dec 11916
$125,000 ($1,000), gold-c*/Interest at Amer. Tr. Co.. Boston, Trustee.
Wakefield
&
Stoneham
1st) 1895
5 g M-S
150,000 Mch 1 1915
mtge, $150,000, gold
cj
Stock
common
(par $100)----
1st pref ($100) 6% cum
Serial notes, $2,000,000-._-cf
F-A
The last issue is redeemable at 105. Int. at Am. Trust Co., Boston, Trus.
The Mystic Valley St. Ry. has out $60,000 gold 5s, due Jan. 1 1919.
The
Rockport St. Ry. has outstanding $12,500 6%
Oct. 15 1916, interest payable April and October.
The Gloucester & Rockport has outstanding $10,000
dated Feb. 1 1895 and due Feb. 1
Lowell
BONDS—
coupon
notes due
6% coupon notes
1915.
Lawrence
Date.
•
Lowell Lawrence &
&
Haverhill.
Interest.
5 g J-D
Outstanding.
Maturity.
Haverhillf 1893
$774,000 June 1 1923
gold.jSubj. to call for the sink, fund at 105 <fc int.
1st mtge, $1,900,000,
$1,000
_c* lint, at American Trust Co., Boston, Trustee.
People's St Ry, West New-( 1898
5 J-J
64.000
Jan 1 1928"
bury, Mass, first mortgage]Interest at State Street Trust Co., Boston,
bonds, assumed
1
OLD
(
COLONY
BONDS—
($1,000)
Brockton
STREET
RY.
SECURITIES.
Date.
Ref mtge, $10,000,000,
Interest.
Outstanding.
Maturity.
1904
4 g J-J
$5,334,000 July 1 1954
—c* lint. at Old Colony Tr. Co., Boston, Trustee.
gold.l
(Consol) St Ry
lst\
689,000 Oct 1 1924
Co., callable at 105 & int.
100,000 July 1 1919
1st mtge bonds, $100,000Tr. Co., Boston, Trustee.
Brock Bridegwat & Taunton
1897
5 g F-A
200,000 Aug 1 1917
lstMg$200,000($l,000).c*/Int. at Amer. Tr. Co., Boston, Trustee.
Brock & E Bridgewater, lst\ 1898
5 g F-A
30,000 Feb 1 1918
Int. at American Tr. Co., Boston, Trustee.
mtge, gold, $30,000
Taunton
&
Brockton
first
1897
5 F-A
'
100,000 Aug 1 1917
t. at State Street Tr. Co., Boston, Trustee.
mortgage, $100,000
N Bedford M'dleboro &Brock
1900
5 g J-J
325,000
Jan 1 1920
1st M, $325,000 ($1,000), g. Int. at American Tr. Co., Boston, Trustee.
Braintree Street mortgage
6 J-J
35,000 July 25 1914
f 1894
\ State Street Trust Co., Boston, Trustee.
Of the $10,000,000 Old Colony St. Ry. ref. mtge., $3,O56,O0O are reserved
for prior liens.
Remaining bonds can only be issued for 50% of cost o.
additions & impr'ts.
These bohds are not subject to call.
V. 93, p.. 1784f
mortgage, $750,000, gold__
Boston Milton & Brockton
1894
5 g A-O
Int. at State Tr.
1899
5 J-J
Int. at Internat.
Qlobe Street Railway Securities.
The 1913 coupon notes are secured by a majority of the common stock
of the Bay State St. Ry.
V. 96, p. 1298.
Red. on any int. date on 30
days' notice at
[Vol.
Boston Milton & Brockton.
Brain tree & Weymouth.
Middlesex & Boston Street Ry.—Trolley.
and merged the
ate St. Ry. (V.
V.
RAILWAYS
Date.
Dighton Somerset & Swan
bonds, $125,000, gold, s f,
red 105 ($1,000)
Taunton Street Ry 1st mtge.
Do
Debentures
1896
Interest.
5 g J-D
Outstanding.
Maturity.
$78,000
Dec 1 1915
Int. at International Tr. Co., Boston, Trus.
Sinking fund is $3,000 a year.
5 J-J
350,000 Jan
1 1914
5 M-S
200,000 Mar 1 1914
Int. on Taunton Street Ry. bonds payable at
Amer. Trust Co., mtge. trustee, Boston.
Prov & Taunton St Ry 1st g
1898
5 g M-S
150,000 Sept 1 1918
American Trust Co,, Boston, Trustee.
($1,000), (rnth, $200,000--/
South
Shore
&
1894
1894
Boston
Date.
Street
Railway Securities.
Interest.
Outstanding.
Maturity.
Bonds, 1st M ($1,000), gold.l 1899
5 F-A
$335,000 Aug 1 1919
$1,000,000
_./Int. at American Trust Co., Boston, Trustee.
Braintree & Weymouth lstl
1897
5 g M-S
80,000 Mar 1 1917
mtge, gold, $80,000
/Int. at Internat. Tr. Co., Boston, Trustee.
Bridgewater Whit & Rock.l 1897
5 g M-N
85,000 Nov 1 1917
1st mtge, gold, $1,000-_c*/Interest at American Trust Co., Boston.
Rockland
&
Abington,
1st! 1895
6 g M-N
100,000 May 1 1915
mtge, $100,000, gold...c*/Int. at Old Colony Tr. Co., Boston, Trustee.
West
Roxbury &
Roslindale Street Railway Bonds.
Date.
Interest.
Outstanding.
Maturity.
1896
5 g M-S
$107,500 Sept 1 1916
c*/Int. at Internat. Trust Co., Boston, Trustee.
Norf Cent 1st M, gold, $100,-1
1898
5 g J-J
32,500 July 1 1918
000, subject to call.
/Int. at Internat. Trust Co., Boston, Trustee.
Norfolk Suburban, first mort-\ 1894
5 J-J
45,000 July 1 1914
gage
/Int. at Internat. Tr. Co., Boston, Trustee.
1st M, $150,000,
red at 103
g,sf ($500),\
Stock and Bonds.—By the terms of purchase of Old Colony by Boston &
stockholders of both companies become 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, $5,352,000
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
Nor. the pref.
V. 93, p. 1784.
Of the $5,379,000 1st M
Boston RR„ $1,656,000 have been canceled.
The
coupon notes or 1912 mature annually Aug. 15 as follows:
1913, $25,000;
1914, $31,000; 1915, $37,000; 1916, $43,000; 1917, $50,000; 1918, $57,000;
1919, $64,000; 1920, $72,000; 1921, $80,000; 1922, $88,000; 1923, $97,000;
1924, $106,000;
1925, $116,000;
1926, $126,000; 1927, $136,000; 1928,
$148,000; 1929,1160,000; 1930, $174,000; 1931, $188,000; 1932, $202,000.
v. 95, p. 618.
fund and
are
not subject to call.
bonds of the Lynn &
div. on Bay State St. Ry. com.—3%—paid
in 1912, June, 2%; in 1913, Jan., 3%; June, 2H%.
DIVIDENDS.—Initial
Dec. 30 1911;
21
ELECTRIC RAILWAYS
Sept., 1913. |
ROAD.—See description
under Mass.
was
changed in 1911 to end June30, andreportsfor 1912-13,1911-12,1910-11 are
for 12mos. end. June 30; figures for previous year for 12 mos. end. Sept. 30:
1912-13.
1911-12.
1910-11.
1909-10.
Earnings
$9,462,251
$9,116,202
$8,881,521
$8,560,949
Expenses.
6,109,511
5,806,410
5,557,304
5,360,295
______
Net earnings—. ..-$3,352,740
1,914,902
Charges
$3,200,654
1,792,937
$3,324,217
1,838,579
$3,309,792
1,840,329
terminal
on
freight express
Harrison Ave.
Fares.—In 1909 single fare unit raised from 5c. to 6c.
STOCK AND BONDS—
Stock,
com
Date.
Maturity.
$2,025.000JuneT3,l X %
Outstanding.
Interest.
($100)
Pref, $397,200 ($100) 6% cum
M-S
397,200 Sept'13, 3%
Bost & Wor 1st mortgage, $2,-) 1903
4H g F-A
2,400,000 Aug 11923
500,000, gold ($1,000) —c*/Interest at American Trust Co., Bos., Trus.
Fram So & Marl 1st mtg ___/
5
60,000 Jan 1 1919
(Interest at American Trust Co., Bos., Trus.
Notes
Cos. above.
Elec.
INCOME ACCOUNT OP BAY STATE STREET RY —Fiscal year
operation of express cars over that company's tracks to the
payable July 1 1913
*175,000
——
*
All held by B. & W. Electric Cos.
Dividends^—On pref. 3% seml-ann.
On com. paid 3%
July 1904; also 3% semi-ann. until Dec. 1908, when 1H% was paid.
In
1909, June, 1>£%; in 1910, Jan., 1 Yx%\ in 1911, Dec., 1%; in 1912, June,
1>£%; Dec., 1M%In 1913, June, 1M%.
REPORT.—For year ending June 30 1913, gross, $668,938; net, $251,091; int. & taxes, $172,213; pref. div., $23,687; com., $50,625; surp., $4,566.
since issued.
a considerable portion
Worcester, including an
track,
ROAD.—Owns and operates 82.58 miles of
over
private right of way, between Boston and
Rails, 75-lb.
Has 79 cars.
extension to Natick.
Divisible income..
Dividends
..$1,437,838
1,253,762
$1,469,463
1,077,681
$1,485,638
1,169,090
$1,407,717
1,130,561
$184,076
$391,782
$316,548
$277,156
—
Balance
—
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. 88, p. 748, 1436; V. 92, p. 117, 593, 659; V. 93, p. 104, 285, 1724,
1784; V. 94, p. 1055, 1507; V. 95, p. 175, 360, 418, 543, 618, 678; V. 96,
p. 200, 789, 1838.
(а) Boston & Chelsea RR.—Owns 4-352 miles of main track.
Leased
Lynn & Boston Street Ry. Co. at $7,260 per annum, equal to 6% on
$121,000 stock, payable A. & O.
to
(б)
Boston
Electric Street Ry.
Revere
&
Leased from July 1 1895
Street Ry.), which guaran¬
and dividends on $50,000
ORGANIZATION.—Incorp. June 24 1889.
for 99 years to Lynn & Boston (now Bay State
tees interest on the $50,000 mortgage of 1908
stock from July 1
1898 at 5% per annum.
Interest.
Outstanding.
Maturity.
5 J-J
$50,000
See text
5 g M-S
50,000 Sept 1 1928
$50,000 gold ($1,000)-— c*/lnt. at American Trust Co., Boston, Trustee.
STOCK AND BONDS—
Stock (par $100)
Boston & Revere Elec St
Date.
Ry) 1908
Bonds.—No sinking fund, but
six weeks' notice.
bonds
may
be called on any interest date
on
ROAD.—Total track, 3.711 miles main.
.
V
•
'
(c)
East Middlesex Street Ry.
OFFICERS.—Pres., William M. Butler; V.-P., A. E. Childs; Sec.
601; V. 87, p. 1418; 1660; V. 89, p.
91, p. 869, 1628; V. 92, p. 394,
659, 724; V. 96, p. 1020, 1421.
Treas., Geo. A. Butman.—V. 86, p.
1346, 1662; V. 90, p. 625, 770; V.
&c.—Organized in Maine to hold and to deal in
securities.
Stock $2,000,000 6% (Q.-F.)
cum. pref.
(par $100), all out, redeemable at option of company at 115,
and $2,000,000 common (par $100) all out (no bonds).
Owns the following securities: $350,000 Jacksonville Trac. com.; $21,200
pref. and $1,466,800 com. of Puget Sound Trac., Lt. & Pow. Co.; $100,000
Columbus (Ga.) Eiec. pref.; $101,700 Tampa Elec. stock; $100,000 Hough¬
ton County Trac. com.; $150,000 Galv.-Hous. Elec. Co. com.; $350,000
North Texas Elec. com.; $112,500 El Paso Elec. com.; $612,500 Minneapo¬
lis General Elec. Co. com., and $500,000 Houghton County Elec. Lt. com.
See statement of these companies (except last two) 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.
Dividends.—On pref. 4)^% quar. since Aug. 1909 to and including Aug.,
1913.
On com., 1st div.—1H%—Feb. 1 1910; Aug., 1M%.
In 1911,
Feb., 1^%. Aug., 1^%.
In 1912, Feb.. 1M%. Aug., 2%.
In 1913,
Feb., 2%; Aug.. 2%.
EARNINGS.—For 12 mos. ending Dec. 31 1912, gross income, $244,296'
expenses, $1,548; balance, $242,748; dividends, $190,000; sur., $52,748.
DIRECTORS.—Henry G. Bradlee, Russell Robb, Chas. A. Stone,
Edwin S. Webster, Eliot Wadsworth (Pres.).—V. 89, p. 163; V. 90, p. 628;
V. 92, p. 463; V. 95, p. 111.
.
,
ORGANIZATION.—Owns 19.251 miles of main track.
.
Leased May 1
divs. had been paid, but on May 1 1901 were increased to 10%.
STOCK AND BONDS—
Date.
Stock ($100), $300,000.
Plain bonds, int. guar, (end.)-
1898
Interest.
10
5 M-S
4 J-J
Ref bonds, int guar (end)
—
1902
Interest at State National Bank, Boston.
The lessee in the lease agreed to stamp both
—
guaranty of the
(d)
Outstanding.
Maturity.
$297,700
See text
120,000 Sept 1 1918
100,000 Jan 1 1922
issues of the bonds with a
interest—principal is not guaranteed.—V. 67, p. 482.
Nashua Street
July at the rate of 4% in 1901,
in 1902 and 6% for the remaining 98 years
of lease.
Outstanding.
Div.&Mat.
$325,000
See text
First
mortgage,
$150,000,1 1901
4 g A-O
150,000
Oct 1 1931
($1,000), goldc*/lnt. at Old Colony Tr. Co., Boston, Trustee.
Bonds.—Entire issue may be called at 105 and accrued interest.
•
| STOCK, BONDS, &C.—
Stock, $325,000 (par $100)
I
Date.
Interest.
—
ROAD.—Owns 15.941 miles of main track.
(e)
Receivership.—Interest on
;
_
Winnisimmet (Street) RR.
ORGANIZATION.—Owns 2.085 miles
Leased to the
of main track.
River Street Ry.
ORGANIZATION.—Organized by special Act on Feb. 23 1898.
July 1
1900 consolidated with Newport St. Ry.
Has also consolidated with New¬
port 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. Ry. (since merged in Boston & Northern,
now the Bay State St. Ry.) for a rental of 6% per annum and int. on bonds..
The Mass. Elec. Companies disposed of its holdings in Feb. 1902.
STOCK, BONDS, ETC.—
Stock, par $100 .1
—
Newport & Fall River 1st!
Date.
Interest. Outstanding.
J-J
$950,000
Maturity.
See text.
1898 5 F-A
240,000 Aug 1 1913
mortgage
/American Trust Co., Boston, Trustee.
Consol mortgage, $1,000,000,1
1904
4^ J-J
573,000 July 1 1954
gold ($1,000)
c*&r/Int. at Am. Trust Co., Boston, Trustee.
Newport Illuminating Co 2d) -—
6 g
63,500 Oct 1 1925
mortgage, gold
/Central Trust Co., New York, Trustee.
Bonds.—Of the remaining consol. mtge. bonds, $304,000 are resreved to
retire prior liens and $123,000 for future additions at 50% of cost.
Not
redeemable.
1911,
bonds having been defaulted May 1
Judge Killits in Federal Court at Toledo on May 2 1911 appointed A. E.
Royce and B.C. Harding of Bowling Green, receivers.
V. 92, p. 1243.
On Dec. 18 1911 Judge Killits ordered a re-issue of $75,000 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. 1 1911.
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. 5s of 1903 was stated as $429,500.—V. 96, p. 1488.
Outstanding.
$428,400
Interest.
Date.
STOCK AND BONDS—
Common, $750,000, ($100)--
——
Maturity:
250,000
— -—
1903 5 g M-N *
353,500 Nov 1 1933
and $1,000)
_c*/lnt. at Union Tr. Co., Detroit, Trustee.
Rec'vs certfs $75,000 ($1,000) 1911
6 quar
-75,000
Dec 1913
Bonds.—$570,500 bonds are reserved for extensions at $17,000 per mile
and $76,000 in company's treasury.
No sinking fund and bonds are not
subject to call.
Int. on receivers' ctfs is payable in Bowling Careen.
EARNINGS.—For year ending Dec. 31 1912, gross, $53,128.
In 1911,
Pref, $250,000, ($100) 6% n-c
1st M, $1,000,000, gold ($500)
;
—
.
gross,
$52,866; net, $6,073.
ROAD.—Operates 25 miles of track between Tontogany, O., and WoodStandard gauge, 60-lb. T rail.
Connects at Tontogany with Ohio
Elec. Ry. at Bowling Green with Toledo Bowling Green &
Southern
Traction Co., at Pemberviile.with Toledo Fostoria & Findlay Ry. and at
Woodville with Lake Shore Elec. Ry.
Furnishes electrie light and power
at
Newport & Fall
ohio.
ville.
Lynn 3c Boston for 999 years from 1880 at $3,000 per annum.
Capital stock
is $50,000; par $50.
Dividends in 1894 to 1912, incl., 6% per annum.
(/)
green,
GREEN & NAPOLEON RY—A trolley road*
ORGANIZATION.—-Incorporated in Ohio in 1902.
Ry.
Rental.—Dividends are payable Jan. and
5%
bowling
LAKE ERIE BOWLING
Railway.—Trolley.
ORGANIZATION.—Incorp. Aug. 14 1885;
On July 1 1900 was leased
to the Lowell & Suburban for 99 years, and lease now runs to Bay State
Street
INVESTMENT CO.
PUBLIC SERVICE
ORGANIZATION,
stocks, bonds, notes and other
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 $24,000 yearly; and for remainder of lease $30,000 yearly.
Eight
per cent
and
222,
525,
V. 79, p. 213, 501, 1462.
Ry. from operation of the Newport
Jc Fall River St. Ry. for year ending June 30 1912 were: Gross, $342,971;
net, $187,815; charges, $56,'959; surplus, $130,856.
EARNINGS of the Bay State St.
Bowling Green, as well as hot-water heating.
OFFICERS.—Pres., Robt. Place; V.-P., E. H. McKnight; Sec., H. G*
Hankey; Treas., B. C. Harding; Gen. Mgr., C. B. Rodgen.—V. 92, p. 1243*
V. 93, p. 796,1786; V. 94, p. 207; V. 96, p-1488.
brattleboro, vt.
TWIN STATE GAS & ELECTRIC
CO.
ORGANIZATION.—Incorporated in Connecticut on Aug. 26 1906
Heat & Power Co., control of
West
Utilities Co. in Oct. 1912.
which was in turn acquired by the
V. 95, p. 1750.
STOCK AND BONDS—
Date.
Common, $1,500,000, ($100)
Preferred, $250,000 ($100)
1st and ref M, $1,500,000, g)
-
Interest.
----
Outstanding.
Middle
Maturity.
$1,250,000
250,000
965,000 Oct
4^gA-0
1906
and
11926
Tr. Co., N. Y., Trustee.
150,000 Sept 1 1925
Trust Co., Trustees250,000 Septl 1917
Trust Co., Trustee.
73,000 Feb 2 1923
75,500
1935
$150,000/Col.-Knick. TrustCo., N. Y-, Trustee.
Hoosick
Falls
Electric
Co\
65,000
1930
$75,000
:
/Old Colony Trust Co., Boston, Trustee.
Bennington Water Power &(
64,000
1924
& Light Co $100,000
(American Loan & Trust Co., Trustee.
Bennington Water Power &)
12,500
1929
Light Co $30,000
-.../Old Colony Trust Co., Boston, Trustee.
($500 and $1,000)
_c*_ /Int. at Col.-Knick.
Gas Light con mort-1
1905
5
gage, $500,000
/Union Safe Dep. &
United Gas & Elec. mortgage,! 1897
$250,000-^-/Union Safe Dep. &
Brattleboro Gas L Co mtg
1903
5
Hoosick Falls Illuminat'g Col
Dover
-
BOSTON
& WORCESTER ELECTRIC
COMPANIES.
,
organized under a
Its property consists of the entire com.
$175,000 "notes payable" of the Boston
A Worcester St. Ry.
It has issued 33,936 4% clim. pref. shares and 34,614
com. shares, no par value; but in case of liquidation pref. shares receive $100
each before the participation of common.
In Jan. 1905 was listed on Bos¬
ton 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 com.
ORGANIZATION.—This is a voluntary association
trust agreement dated Dec. 29
1902.
stock, $126,000 1st mtge. bonds and
Dividends received from B. & W.
St. Ry. stock, $50,625; misc. income, $19,058; total income, $69,683;
expenses, $1,389; pref. div., $67,872; surplus, $422.
REPORT.—For year to June 30 1913:
DIVIDENDS.—First div.
on
pref. stock, $2, paid July 1 1904;
1905 and $2 July 1 1905; in 1906, $4; in 1907, $4; in 1908,
in 1910, Jan., $1; none to
$2 Jan.
$4; in 1909, $2;
Jan. 1912, when $1 was paid; July, $1; in
1913,
Jan., $1; July, $1.
Butler; V.-P., A. E. Childs; Sec. &
V. 89, p. 1662; V. 90, p. 1674; V. 91, p. 1764;
795, 1018, 1667; V. 95, p. 749, 815.
OFFICERS.—Pres., William M.
Treas., George A. Butman.
V493,
(1)
p.
Boston & Worcester Street Ry.—Trolley.
_—
-
____
Bennington
($100) pref. stock (auth. by stockholders Feb. 2 1911), of which $297,000
used to retire like amount of common issued inl910(V. 90,p. 625) and
remainder ($97,000 issued) to be used to fundifloating debt.
V. 92, p. 394,
525 659, 724.
^ In Nov. 1912ZmadeQa contract^with^the Boston^Elevated<;Ry. for the
1935
/Col.-Knick. Trust Co., N. Y., Trustee,
sinking fund and bonds are not
EARNINGS.—For
cal.
year
prior
No
subject to call.
1911,
$325,949; net, after taxes,
after taxes, $146,393; int., $76.-
gross,
$156,358.
In 1910, gross, $310,200; net,
726; surplus, $69,667.
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., L. L. Meloon;
Gen. offices, Dover, N. H.
Meloon.
ORGANIZATION." .Incorporated in Massachusetts on^Nov. 16 1901.
perpetual.
Owns the Framingham Union Street Ry., Fram-
was
98,500
Elect Co $175,-1
000
Bonds.—Of the $1,500,000 new bonds, $473,000 are reserved for
liens and $62,000 for acquisitions, extensions and improvements.
Franchise
ingham Southborough & Marlborough Street Ry. and the Marlborough
3c Framingham St. Ry.
In March 1907 Mass. RR. Commission granted
right to do an, express and freight business over entire line.
On Feb. 21 1911 Mass. RR. Comm. auth. an issue of $397,200 6% cum.
,
bristol,
BRISTOL
&
furnishes electric
Sec., A. S. Foster; Treas., W. G.
V. 83, p. 499; V. 95, p. 1750.
conn.
PLAINVILLE TRAMWAY CO.—A trolley road,
light and power, gas and steam heat.
ORGANIZATION.—Organized Sept. 21 1893.
„
Also
A gas plant was com¬
pleted in 1906.
Franchises perpetual.
In Aug. 1906 a majority of stock
was pooled for 5 years.
In Aug. 1911 pool was renewed for 5 years more.
In August 1908 a stock dividend of 50% was declared, increasing out¬
standing amount to $375,000.
V. 87, p. 96, 414.
*3
*3
s
«
O
►4
Sd
o
Sd
►
HH
t"1
i>
K!
w
<
o
t*
•
M
o
<1
ELECTRIC
Sept., 1913. |
STOCK AND BONDS—
Stock, $1,000,000 ($100)
1st mortgage $600,000,
($500 and $1,000)
Date.
Outstanding.
Interest.
$375,000
gold?
1905
Maturity.
1912-13, 8%
500,000 Nov
4t* g M-N
1 1945
-(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. *
Railway
Railway Gas & Elec.
Interest
Year— Gross.
Net.
Ltg.,Net.
& Taxes.
1913 .$100,585
$35,756
$26,117
$30,703
1912
95,544
35,848
37,252
31,160
.
.
Dividends.
$30,000
30,000
.
Surplus.
$1,170
11,940
ROAD .—Operates about 13 H miles of track laid with 56 and 60-lb. T rail"
Bristol to Plainville, with branches to Lake Compounce and to
from
Standard
Terryville.
gauge, 29 cars,
3
snow
plows and 1 work car.
OFFICERS.—Pres. Miles L. Peck; V.-P., N. E. Pierce; Sec. and
M. L. Tiffany; Gen. Mgr., G. E. Cockings.—V. 81, p.
V. 95, p. 1330.
Treas.,
776; V. 87. p. 96. 414;
_
BRISTOL, VA.-TENN.
BRISTOL TRACTION CO.
ORGANIZATION.—Incorp. in Virginia.
Was formerly the Bristol Belt
changing name to above
title, and increased auth. stock from $100,000 to $300,000, and par of shares
V. 93, p. 1323.
Owns entire stock of the Holston Valley
Ry., a narrow-gauge steam road.
Line Ry. Co. but on Sept. 7 1911 filed a certificate
from $50 to $100.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $300,000 ($100)
$135,000
Mortgage $300,000 ($1,000)1 1911
5 A-O
150,000 Sept. 15 '41
callable at 105^.
/U.S. Trust Co., Washington, D. C., Trustee
ROAD.—Operates 7.04 miles standard-gauge electric line in Bristol and
Park,
and 12
11.09 miles narrow-gauge steam road between Bristol and Big Creek
the Holston River.
on
freight
14 motor cars, 2 locomotives, 4 passenger
cars.
OFFICERS.—Pres.. B. L. Dulaney; V.-P., & Gen. Mgr., Fred
Sec. & Treas., N. D. Bachman Jr.
V. 93, p. 1323.
BROOKLYN,
N.
Dulaney;
Y.
BROOKLYN RAPID TRANSIT—(See Map. page 22).
ORGANIZATION.—Organized Jan. 18 1896, per plan In "Chronicle,"
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
having then bought control.
Is not a railroad corporation, but was or¬
ganized under the Business Corporation law of New York to hold the stocks
and bonds of railroad companies and to aid in the construction and equip¬
ment of railroads.
Franchises are perpetual.
1
ASSETS.—The following is a statement of the stocks and bonds owned
by the Brooklyn Rapid Transit system June 30 1913.
Stocks.
Entire
capital stock Brooklyn Heights RR. Co. (par)
$200,000
capital stock Bkln. Q'ns Co. & Suburban RR. Co. (par).
2,000,000
84,997 shares out of 85,000 shares of the com. stock of the Nassau
Electric RR. Co., par
8,499,700
63,941.75 shares out of 65,000 shares of the 4% cumulative pref.
Entire
6,394,175
stock of Nassau Elec. RR. Co., par.
47,854.85 shares out of 50,000 shares of the 5% non-cumulative
pref. stock of the New York Consolidated Rljl. Co., par
134,300.31 shares cut of 139,000 shares of the common stock
of the New York Consolidated RR. Co., par
4,785,485
13,430,031
Entire stock of Coney Island & Gravesend Ry. Co., par
647.82 shares of Brooklyn Rapid Transit Co., par
350,000
4,991 shares out of 5,000 shares of South Brooklyn Ry., par
9,800 shares out of lO.OOO of the American Railway Traffic Co.
(owned by Transit Development Co.) , par
i
Entire capital stock of the Transit Development Co., par
500 shares of the Bridge Operating Co., phr
1,000 shares of N. Y/Municipal Corp., par
920 shares out of 1.000 shares of N. Y. & Coney Isl. RR. Co
499,100
495 shares out of 500 shares Pros. Park & South
64,782
Bklyn. RR. Co_
980,000
500,000
50,000
100,000
•
92,000
49,500
$37,994,773
Bonds.
♦1st M 5% bonds Bklyn. Queens Co. & Sub. RR. (par)
1st
con
M Bklyn.
♦1st mortgage
$2,000,000
50,000
1,627,000
Q'ns Co. & Sub.(owned by Bklyn. H'ts Co.).-
5% bonds Brooklyn City RR. (par)
♦Refunding gold mtge. 4%, Brooklyn City RR..
I...
♦Gold 5% bonds Brooklyn Rapid Transit.
Ref mtg 4% bonds Brooklyn Rapid Transit Co
Ref mtg 4% bonds B. R. T. (owned by Nassau El. RR.)__
Consol mtg 4% bonds Nassau Elec RR
Consol mtg 4% bonds Sea Beach Ry. (owned by Nassau Elec.
RR. Co.)
——
——-
-
-
725,000
30,000
16,223,000
1,761,000
1,161,000
.<■
22,500
$23,599,500
-—
♦The entire amount of B. Q.
C. & Sub. RR. 1st 5s and Bklyn. City RR.
1st 5s; also $125,000 out of the $725,000 B.C. RR. ref. 4s 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
as
fund for performance of Brooklyn City RR. Co.'s lease.
New Subways and Extensions.—An agreement was reached in May 1912
to how the routes of the new dual subway system in lower Manhattan
should .be apportioned to the Interborough and
and the Court of
Brooklyn Rapid Transit,
Appeals at Albany having on June 29 1912 affirmed the
Blackmar (V. 94,
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, Man¬
hattan, Williamsburg and Queensboro bridges. •
(b) Centre St. loop, connecting the different bridges and extended through
Nassau and Broad Sts., 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. Two tracks in the Centre St. loop were placed
decision of Justice
road (1Yt miles) extending from New York Bay, near 38th St.,
Brooklyn, to 38th St., near 9th Ave., Brooklyn, and in June 1907 increased
its stock from $150,000 to $500,000.
Through elevated train service from Broadway Ferry, adjoining the
Williamsburgh Bridge, to Canarsie was instituted July 30 1906 (V. 83, p.
271); through service over the bridge to Delancey St., N. Y., was put in
operation on Sept. 16 1908, the connection from Broadway Elevated to
Bridge structure having been completed.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agree¬
ment with the city for operation of trolley cars over the new Williamsburg
Bridge.
See V. 78, p. 2013, 2386.
Later the Bridge Operating Co.
was formed, with $100,000 capital, to operate local service on the bridge.
See V. 79, p. 626.
On Nov. 15 1912 the Appellate Division of the Supreme
Court, First Dept., affirmed the order of the P. S. Comm. reducing the
fare charged over the Williamsburgh Bridge from 3 to 2 cents, or three
tickets for 5 cents.
V. 95, p. 1402, 1471.
Through surface cars are oper¬
ated over Brooklyn Bridge by Brooklyn Heights RR., Nassau Electric RR.,
and Brooklyn Queens Co. & Sub. RR.
Surface cars began to cross this
bridge in Nov. 1904.
V. 79, p. 2084.
Decision in Suit Against Brooklyn City RR.—On June 8 1912 the Appellate
Div. of N. Y. Supreme Court, 2d Dept., handed down a unanimous decision
affirming, to the exterft of $1,766,892 principal (with int. from March 3
1910), the judgment awarded by the lower Court (V. 90, p. 558; V. 80, p.
1174; V. 70, p. 841) in the suit (begun in April 1900) of Brooklyn Heights
RR. against the Brooklyn City RR., but modified the judgment of the lower
Court by striking therefrom the sum of $1,616,680, representing interest
to March 3 1910.
V. 94, p. 1565, 1625.
Brooklyn City RR. has taken an
appeal to the Court of Appeals.
Pending a final decision, Brooklyn City
Ry. in July 1910 reduced its dividend to 2% quar., K of 1% being retained
quarterly and set aside in a special fund to be returned to stockholders if
not used in settlement of Brooklyn Heights Co. claim.
V. 91, p. 93.
track
Special Franchise Tax Reduced.—For decision allowing for obsolescence
special franchise tax, see Y. 91, p. 1511.
Required.—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.
Y .97 ,p. 175.
Proposed Purchase of Coney Island & Brooklyn RR.—In April 1913 the
subsidiary Coney Island & Gravesend Ry. applied to P. S. Comm. for per¬
mission to purchase $2,583,100 of the $2,983,900 outstanding stock of the
Coney Island & Brooklyn RR. and to acquire the remainder in the future.
Also asked for authority to make a mortgage and to issue $2,983,000 10-year
6%_coll. notes thereunder, to purchase stock.
V. 96, p. 1020, 1088.
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 1907 special 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 equip¬
ment.
V. 84, p. 569. In June 1907 capital stock was increased to $500,000.
The American Railway Traffic Co. was incorporated in Jan. 1904 with a
capital of $1,000,000 (of which $980,000 is owned by the Transit Develop¬
ment 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 Ry. making
mortgages of $2,000,000, $2,000,000 and $4,000,000, respectively, to secure
certificates of indebtedness issued by those companies to the Brooklyn
Rapid Transit for moneys advanced for additions, betterments, &c.
In
June 1907 Brooklyn Union Elevated authorized a mtge. for $20,000,000
and the Nassau Electric for $5,000,000 for same purpose; but in July 1908
Public Service Commission denied application for the approval of these lat¬
ter 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 certifi¬
cates 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.
Stock Increase.—On Jan. 3 1913 increased its auth. stock from $45,000,000
o $90,000,000, the new stock to be issued from time to time before July 1
1914, exclusively for the conversion of 4% bonds of 1902.
V. 96, p. 61.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $90,000,000 ($100)-QiJ
$49,013,218 Oct '13,_1 H
4 g J-J
«28,901,000 July 1 2002
Brook Rap Tr 1st ref mtge,' 1902
Coupon
$150,000,000, gold—c*&r Central Trust Co., N. Y., trustee.
bonds ($1,000); registered1.000, $5,000)
Brook Rap Tran gold mtge,/ 1895
5 g A-O
7,000,000 Oct
1 1945
$7,000,000
-C*. ^ jn£ at Equitable Tr. Co., N. Y., trustee.
5 g J-J
40,000,000 July 1 1918
Brook
Rap
Tran
secured/ .1912
New York, trustee.
notes $60,000,000, gold_c*(Central Trust Co.
in fixing
Brakes
.
,
^
Brooklyn City RR—
V. 97, p. 297.
Subway line extending from 6th Ave. and 14th St., Manhattan,
across Manhattan, under the East River, to Wyckoff Ave., Brooklyn, and
(c)
id)
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 $100,500,000; of construction and equipment to the company,
$65,000,000.
See
N.
Y.
Municipal Ry. Corp.—Organized to carry out company's
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, p. 1694.
The Brooklyn City RR. Co. is held under a 999-year lease dated Feb. 14
1893, guaranteeing all fixed charges, organization expenses, taxes and 10%
dividend on $12,000,000 of stock.
The lease is nominally to the Brooklyn
Heights RR. Co., but the Brooklyn Rapid Transit Co. owns the entire cap¬
ital stock of the Brooklyn Heights Co.
In 1898 the Heights Company
leased the Brooklyn Queens County & Suburban RR.
The lease was re¬
newed year by year, rental being fixed charges, taxes and organization ex¬
penses.
On July 1 1901 the B. Q. C. & S. began operating separately again.
On April 1 1899 the Heights Company temporarily leased the Nassau Elec¬
tric RR.
Later permanent leases were made, but on June 301904, presuma¬
bly 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 latter), the
South Brooklyn
RR., but the leases of these companies were assigned in March 1907 to
South Brooklyn Ry., which had been acquired by purchase in Feb. 1902.
V. 74, p. 479.
In July 1912, however, the Soutn Brooklyn Ry. 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 Ry. owns the double-
the Prospect Park & Coney Island RR. (see terms under
New York & Coney Island RR. and the PrOspect Park &
mtge,
$6,925,000/ 1906
($1,000)
—
trustees
Brooklyn Union Elev 1st M,/ 1899
5 g F-A
16,000,000 Feb 1 1950
Int. at Central Tr. Co., N. Y., trustee.
guaranteed
1899
4 g F-A
'
7,000,000 Aug 1 1949
Kings Co Elev first mtge,
$7,000,000 ($1,000), g (gu) Int. at Central Trust Co., N. Y„, trustee.
1898
4 g J-J
11,508,000 Jan
11951
Nassau El RR Co cons M
bonds
"
($1,000),$15,000,-(Guaranty Trust Co., N. Y., trustee. Bonds
Heights RR.
1894
F A-O
660,000 Apr 11944
(Hamilton Trust Co., N. Y., trustee.
Atlantic Ave. gen mortgage/ 1891
5 g A-O
c2,241,000 Aor 1 1931
Brooklyn Trust Co., trustee
gold
220,000 Jan
1 1934
Atlantic Ave
improvement,/ 1894
5 g J-J
Central Trust Co., New York, trustee.
gold ($220,000)
5 A-O
250,000 Jan
11917
6B B & W E 1st mortgage,
000
c*&r guar, by end. by Bklyn.
__
First mtge bonds
„
/
•
....
Series
B,
B.
Title Guar. & Trust Co., trustee.
B.
&
W.
E.
gold——
elevated line to East New York.
Subway
•
4 g F-A
*$725,000 May 1 1958
(Long Island L & Tr Co, Bklyn, trustee.
First consol mtge
1891
5 J-Jr
j/4,373,000 aJuly 1 1941
New W & Flat 1st M
4K F-A
200,000 July 1 1941
Brooklyn Heights RR first? 1891
5 A-O
250,000 Apr 11941
People's
Tr.
Co.,
Brooklyn,
trustee.
mortgage
—:
1894
5 g J-J
e3,500,000 *July 11941
Brooklyn Queens Co & Sub
Guar. Trust Co., New York, trustee.
first mortgage
1894
5 g M-N
2,884,000 *July 11941
First consol M, guar p & i
Central Trust Co., New York, trustee.
(end), $4,500,000—
1889
5 g J-J
Jamaica & Brook RR first
240,000 Jan
1 1930
Central Trust Co., New York, trustee.
mortgage
1896
4 g M-S
650,000 Sept 1 1916
Sea
Beach
Ry first mtge,
W. M. Grinnell, W. O. Piatt & Wm. Man.,
guaranteed
Refund
'
in operation Aug. 4 1913.
an
—
-
p.
,
thence
23
RAILWAYS
1893
general
.
5 g A-O
121,000 Oct
(Franklin Trust Co., N. Y., trustee.
addition to payment affixed charges—
Brooklyn City RR.. stock, $12,000,000, 10% Q.-J. 15, 999
Prospect Park & Coney Island RR., yearly rental-j —
Rental payments in
*
Subj. to call July 1 1916.
a
Subj. to call 1916.
1 1933
*
.
yrs.|$l,200,000
45,000
b Subj. to call any
time.
c Atlantic Avenue general mortgage 5s of 1931 were subject to call in
1909, but many of them (how many is not known) have been stamped r
releasing them from the liability to call.
d The Central Trust Co. of New York was trustee of this mortgage until'
Oct. 1903, when the Colonial Trust Co. (since consolidated with
Co. of America—the latter being merged into Equitable Trust
the Trust
Co.) was
substituted.
e
*
y
Includes $2,000,000 held by Brooklyn Rapid Transit Co.
Entire amount owned by Brooklyn Rapid Transit Co.
Not including $1,627,000 owned by B.
R. T. system.
owned by B. R. T. system.
of the Long Island Traction, the old $30,000,000 stock paid an assessment of $10 per $100 share, the old stock being
reduced to $20,000,000, and $7,000,000 of 5% bonds being authorized,
against $3,000,000 of Long Island Traction.
Dividends.—First div., 1%, paid April 1 1909; July, 1%; Oct., 1%.
In
1910, 4^%; in 1911 and 1912, 5%; in 1913, Jan., 1 K%\ Apr., ltf%; in
July increased rate to 1 }A % quar.; Oct., 1 Vi %.
Interest on Bonds,
Where Payable.—Interest on the Brooklyn Rapid
Transit mortgage of 1902 for $150,000,000 and the two Elevated issues is
payable at the Central Trust Co.; on the B. R. T. issue of 1895 at the
Equitable Trust Co.; on the Brooklyn City RR. refunding bonds at com¬
pany's office; on the Nassau Electric bonds, including Atlantic Avenue and
West End issues, at the Equitable Trust Co.; on the Brooklyn Heights first
mortgage at the People's Trust Co., Brooklyn; on the Brooklyn Queens
z
Not including $17,984,000
Stock.—In the reorganization
ELECTRIC RAILWAYS
County & Suburban mortgages and the Jamaica &
Brooklyn first mortgage
at toe Long Island Loan & Trust
Co., Bklyn.; and on the Sea Beach 1st
mortgage at the Sea Beach Ry. office, 85 Clinton St.,
Brooklyn.
Secured Notes.—-The Central Trust
Co., Kuhn, Loeb & Co. and Kidder,
Peabody & Co. have purchased $40,000,000 of the secured notes.
The
bonds.
Proceeds of notes are deposited as
security for notes until expended.
The notes are conv., $ for $, into 1st M. 5s of toe
Municipal Ry. at any time
prior to Jan. 1 1916, on and after which date they are red. at co.'s option
at 101 and int. on any int.
day on 90 days' notice.
Remaining notes can
only be Issued for constr., equip, and oper. of new rapid transit lines to
operated by B. R. T. interests.
See V. 94, p. 1694.
Mortgage for $150,000,000.—Stockholders authorized March 20 1902
first refunding 4% gold convertible bonds for
$150,000,000. $59,304,000 to
be
retire all the then
existing bonds of the system (including the $7,000,000
rest for improvts., add'ns and acquisitions,
fund of $5,disposal of the com¬
pany for the purposes mentioned.
See V. 74, p. 377.
As this fund is re¬
duced for any of the purposes
authorized, more bonds may be authenticated
by trustee and delivered to the company on its order.
These bonds can
be converted into stock, par for
par, before July 1 1914, and are subject to
call on any interest day until the
year 2000 at 110 and interest; after that
at par and Interest.
See listing applications in V. 81. p. 1856, 1857, for
list of securities pledged for the bonds; also
listing applications in V. 82, p.
517; V. 83, p. 1122; V. 85,
p. 1523; V. 86, p. 923, and V. 90, p. 786.
t*10 $7,000,000 50-year gold 5s of the Brooklyn Tapid Transit,
$3,000,000 went to stockholders for assessment.
For description of prop¬
erty covered by toe mortgage, see V. 62, p. 1138.
See also application in
V. 67,
p. 004.
Br.
Rap. Transit 5s)* and the
from time to time.
The mortgage provides that a
000,000 in bonds or their proceeds be at all times at toe
o
Brooklyn City RR. mortgage of 1891 is for $6,000,000 and is a first lien
the old Brooklyn
City road and a consolidated lien on the lines acquired
by consolidation in 1890.
Of the $6,000,000 issued, $4,373,000 are in the
on
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
mortgage for $6,925,000 to provide for refunding.
Y. 82, p. 1437.
These
bonds are subject to call after July 1 1915 at 110 and interest.
The total authorized issue of first consolidated
mortgage gold 5s of the
Brooklyn Queens County & Suburban RR. is $4,500,000, of which $1,616,000 are reserved for extensions, on which they will be a first lien.
Of the
$2,884,000 outstanding, $2,255,000 in 1898 were endorsed with the guar¬
anty of the Brooklyn Heights RR. Co. as to prin. and interest, and in Jan.
1899 provision was made for guaranteeing the remainder of the payment of
$10 per bond.
Both B. Q. C. & S. loans are subject to call in 1916.
The Sea Beach Ry. 1st 4s are also
guaranteed as to principal and interest
by the Brooklyn Rapid Transit Co.
V. 65, p. 1219.
The Nassau Electric bonds ar guaranteed
(by endorsement on each bond)
by toe Brooklyn Heights RR.
Besides covering the mileage directly owned
they are a lien by a supplemental agreement upon the stock of the Coney
Island & Gravesend Ry. and will become a direct lien on this line should it
become merged in the Nassau Electric.
Of the total of $15,000,000 bonds
authorized, the unissued remainder ($3,492,000) is for prior liens.
See
listing application in V," 72, p. 342.
2.
To the company, 6% on Its new investment in construction and equip¬
prior to the beginning of permanent operation and thereafter interest
1% sinking fund.
3. To the city, interest and 1%
sinking fund on its investment in cost of
ment-
construction.
Any surplus remaining, after making provision for
STOCK AND BONDS—
Date.
Com stock, $13,900,000 ($100)
Outstanding.
Maturity.
$13,900,000 June'13,5%
5,000,000 June'13,5%
Bklyn UnEl 1st M, $16,000,-f 1899
5 g F-A
16,000,000
Feb 1 1950
v"Ui
000,
6viu*
gold,
t:/o ..till
1/111
JL&Udy
4%
1905,-[Interest at Central Trust Co., New York,
since 5% ($1,000)
Trust©©
Kings County El 1st M, gold,
1899
4 g F-A
7.000.000
Aug 11949
$7,000,000 ($1,000)
c* Int. at Central Trust Co., N. Y., Trustee.
Sea Beach Ry 1st M, $650,1896 4 M-S
650,000 Sept 1 1916
000 ($1,000 and $100)-— c W. M. Grinnell, W. O. Piatt and Wm.
Man,
Trust66Si
Bonds.-
on
DIVIDENDS.—The first div., of 2%, on the old Bklyn. Union Elevated
RR. pref. stock was paid June 29 1901; In 1902 and
1903,3%; in 1904,3H%;
in 1905, 4%; in 1906, 4tf%; in 1907 to 1911, incl., 5%
per annum; in
1912,
June, 2H%; Dec., 6%.
In 1913, June, 5%.
On com., first div., 5%,
paid June 10 1910; Dec., 2M%.
In 1911, 5%.
In |1912, June.l 2X%;
Dec., 6%.
In 1913, June, 5%.
ROAD.—Embraces 64.272 miles of elevated track and 55.642 miles of
Total, 119.914 miles.
The New York & Brooklyn Bridge
surface track.
has 3.755 miles of track in addition.
When all the lines embraced In con¬
tract with the city have been completed, will consist of approximately 293
miles
of track, including trackage rights over the Astoria and Corona
(Queens County) lines enjoyed mutually with the Interborough R. T. Co.
OFFICERS.—Pres., John H. Hallock; V.-P. & Treas., C. D. Meneely;
V.-P., J. F. Calderwood; Comp., Howard Abel; Sec., J. H. Bennington.—
V. 95, p. 1207, 1274, 1608;
(a)
p.
360, 653.
.
_
ORGANIZATION.—Incorp. in N. Y. oh Sept. 27 1912 to operate the
enlarged transit system (elevated roads and subways) covered by the agree¬
ment between the company and the city, and to construct and own such
parts of the system as are scheduled for private rather than public owner¬
ship.
V. 95, p. 818.
The lines to be constructed by the city are to be
leased to the company for a period of 49 years from Jan. 1 191/ (with
pro¬
vision for re-capture by the city after 10 years), and are to be operated by
the company in connection with the existing railroads of the New York Con¬
solidated RR. Co. (as enlarged and extended) as one systbin, and for a single
fare.
<
In March 1913 the P. S. Commission approved a contract with the Brook¬
lyn
Heights RR. for the
use
of the Lutheran Cemetery line.
•
Track.
Ac.
m.
sanctioned the lease and assignment to the N. Y. Consol. RR. of all rights
under the contract with the city respecting new rapid transit lines.
(See
V. 96, p. 360, 947).
The company also transferred to the N. Y. Consol.
RR. the certificates for extensions and additional tracks, as well as certain
61.922
real estate in Brooklyn and the above-mentioned contract with the Brooklyn
67.236
65.470
10.230
142.936
3.950
1.184
3.188
1.184
348
3.301
7.486
5.669
9.549
8.926
8:460
26.935
29.249
•
17.082
N. Y. & Brooklyn Bridge—
29.221
5.802
64.272
17.082
21.478
55.642
1.762
1.707
231
3.755
3.509
1.851
on C. I. &
,
1.802,
1.203
Bklyn. RR
/
1.538
2.741
Williamsburgh Bridge—
on
lines..
Heights RR. regarding the Lutheran Cemetery line.
The lease calls for
6% dividends on the N. Y. Municipal Ry. Corp. stock.
The Municipal Ry. Corp. agrees to furnish all the money necessary to
carry out the terms of the dual system contracts and has the option of doing
all the construction work and acquiring all the equipment, or of requiring
the Consolidated Co. to do
Progress of Construction
1.635
1.741
1.635
1.741
218
3.700
3.270
273.837
264.977
76.202
615.016
REPORT.—The annual report for 1912-13 will be found in V. 97, p. 361.
Passengers carried during the year ended June 30 1913 amounted to
626,304,156, an increase of 27,748,362 over previous year.
376.
INCOME,
ACCOUNT
BROOKLYN
RAPID
TRANSIT
AND
STITUENT COMPANIES—YEARS ENDING JUNE 30.
1912-13.
Transportation
1911-12.
STOCK AND BONDS—•
Total..
$24,152,288 $23,226,550 $21,986,543
Expenses—
way
$1,678,124
2,202,208
1,421,123
5,635,457
884,237
746,871
264,324
1,112
1,750,083
Maintenance of equipment
Operation of power plant
Operation of cars.
Damages and legal expenses
....
General expenses
Freight and mail
expenses
Ry. Traffic Co.
Taxes. i__£_
expenses..
.........
Total
Net earnings
Date.
$1,423,108
2,125,580
1,339,552
5,298,863
978,611
1,043,585
733,294
252,763
711
1,775,041
707,368
227,004
1,306
1,465,535
...$14,583,539 $14,387,100 $13,631,901
$9,568,749
$8,839,450
$8,354,642
339,947
317,991
297,524
j...
Other income.
$1,636,713
2,155,134
1,404,160
5,450,673
—
Total income.
$9,908,696
5,411,768
....
Fixed charges (net),....
Surplus.
$9,157,441
5,446,219
$8,652,166
5,503,687
$4,496,928
$3,711,222
$3,148,479
$88,535
(5^%)2,440,770 (5)2,239,851 (5)2,242,690
Special appropriations.
Dividends
Maturity.
Outstanding.
Interest.
All ownedby N. Y. Consol. RR.
$100,000,000/ 1912
5 g JrJ
$40,000,000
Jan 1 1966
($1,000 & $500), gold_c*&r[Int. at Central Trust Co., N. Y., Trustee.
Bonds.—Guar. prin. & int. by B. R. T. and N. Y. Consol. RR., and are
pledged as security for B. R. T. secured notes.
Semi-annual sinking fund
after July 1 1918 (minimum, .3175%; maximum, M%).
Bonds are subject
to call on 90 days' notice in any amount at 107H.—V. 95, p. 818; V. 96,
p. 360, 863, 947, 1773.
CON¬
1910-11.
$23,865,260 $22,949,021 $21,716,486
287,028
277,529
270,057
Miscellaneous
520.
First mortgage,
EQUIPMENT, June 30 1913.—Closed cars, 1,126; open cars, 919; con¬
semi-convertible, 201; miscellaneous, 465.' Total, 3,961*
Revenue from Operations—
p.
$100,000,000 5% bonds and authorized the issuance of $40,000,000 bonds thereunder, the proceeds to be applied as shown in V. 96,
p. 863.
In June 1913 the P. S. Commission granted authority to issue $400,000
additional stock, making the total out $500,000.
vertible, 1,250;
Maintenance of
Work.—See V. 97,
auth. issue of
Stock; $2,000,000 ($100)
....
(2)
Nassau Electric Railroad.—A trolley road.
ORGANIZATION.—Chartered
York.
Mar.
13
1893 under the laws of New
"$2,056,158
$1,471,371
$817,254
OFFICERSPres., Timothy S. Williams; Chairman of Board, Nicholas
V.-P. & Treas., C. D.,Meneely; V.-P. & Gen. Mgr., J. F. Calr
derwood; Sec., J. H. Bennington; Comp., Howard Abel.
Offices, 85 Clin¬
ton St., Brooklyn.
*
F. Brady;
INDEX —V. 95, p. 47, 294, 817,
1039, 1206; V. 96, p. 61, 134, 200,
V. 97, p. 175, 297, 361, 376, 442, 520, 594.
359, 715, 862, 1020, 1088, 1555;
COMPANIES CONTROLLED BY BROOKLYN RAPID TRANSIT CO
(1)
New York Consolidated
ORGANIZATION.—Incorp.
tion of the
STOCK AND BONDS—
Interest.
Outstanding.
$8,500,000
M-N
6,500,000
Rapid Transit statement above.
Maturity. '
Date.
Common stock, $8,500,000
Preferred 4% cum, $6,500,000
Bonds.—For details
see
Seejtext
ROAD.—Embraces
142.936 miles of single track.
Atlantic Avenue RR. (now part of Nassau Electric)
-
owned the double-
track steam road
(since converted to electricity) from Jamaica to Flatbush
Avenue Station in Brooklyn, 9M miles (19 miles of track), which is leased
for 99 years from June 1 1877 to the Long Island RR. Co., affording that
company entrance into the city of Brooklyn—rental, formerly a percentage
of
receipts, was changed in 1895 to $60,000 yearly.
V. 61, p. 828. LitL-O
nas arisen with
Long Island RR. regarding the use of Atlantic
RR-
V.
at
Albany on Nov. 30 1912 as a consolida¬
Brooklyn Union Elevated RR., Sea Beach Ry. and Canarsie
95, p. 1608.
Brooklyn Rapid Transit owns $15,430,031 out of
the $13,900,000 com. stock and
$4,785,485 out of the $5,000,000 pref. stock,
Owns all the outstanding stock of the N. Y.
Municipal Ry. Corp. (which
holds the contracts made with the
City of New York in 1913 for the operation of subways, &c.) and guarantees its
bonds,
•
R
i
T
p.
& I., jointly with the
i
Lease.—All rights, &c., of the N. Y.
Municipal Ry. Corp. under its con¬
tact vdth the city have been leased and assigned
dated RR.
For teraas, see statement of N; Y.
Division of Earnings with
under assignment and
to the New York ConsoliMunicipal Ry. Corp. below.
City.—As the New York Consolidated holds,
lease, all the rights acquired by the New York Munici¬
pal Ry. Corp. in the latter's
contracts with the city, all the earnings will
The division of earnings will be on the
following basis:
1. To the company, $3,500,000, as
representing the net earnings of the
existing railroads which are to form part of the new
rapid transit system.
Out of this reservation the
company pays interest charges on capital in¬
vestments prior to Mar. 19 1913 in the
existing railroads.
accrue
to it.
Avenue.
See V. 74, p. 1139.
In Oct. 1910 N.Y. Court of
that the city had the right to tear up rails, but
Appeals decided
city has taken
no
looking to the exercise of the right.
DIVIDEND.—-First div.
1901 to
on
action
■
pref. under lease was paid Dec731 1900, 4%;
1908, Nov., 2%; inl909, Nov.2%;
May, 2%; Nov., 2% reg. and 4% on account
1907 incl., 4% per annum; in
in 1910 and 1911, 4%; in 1912,
of arrears; May, 2%.
ANNUAL REPORT—For year ending June 30 1913: Gross, $4,884,255;
net, $1,680,457; other income, $200,550; charges, $1,266,182; surp.,$614,825
(3) Prospect Park & Coney Island RR.—A trolley road.
RR.
*
Opened in July 1895 and in April 1896 leased the Atlantic Avenue
RR., &c.
As stated above, the Rapid Transit Co. owns $8,499,700 out of
the $8,500,000 common stock of the Nassau Electric and $6,394,175 out of
the $6,500,000 preferred stock.
Lease.—Was formerly leased for 999 years from April 1 1900 to Brooklyn
Heights RR., but,coincidently with a decision compelling the issuance of
transfers from one leased line to another (V. 79, p. 102), the lease was ter¬
minated on June 30 1904.
For still another decision as to transfers, see
V. 82, p. 1323; also V. 85, p. 404.
In June 1907 a 10-year mortgage for $5,000,000 was authorized to secure
certificates of indebtedness issued from time to time to the Brooklyn Rapid
Transit for advances made for improvements, &c., but in July 1908 the
Public Service Commission denied application for approval of mtge.
V. 84,
p. 1181, 1246, 1550; V. 87, p. 224.
.
gation
e
Balance-u-.
.
reasonable notice.
so on
On Mar. 20 1913 the Pub. Serv. Comm. approved a mtge. to secure an
1.762
^
Total miles operated
B
V. 96,
New York Municipal Railway Corporation.
28.987
Surface lines.....
American
County Elevated RR.
4.183
lines
Elevated
Brooklyn Union and Kings
228.996
Surface lines.
Trackage
Trackage
Total
Sidings,
100,685
lines.
Surface lines
Elevated
•Bonds of the
companies are guar. p. & i. by Bklyn. Heights RR., guaranty to be stamped
upon bonds upon presentation.
In Feb. 1902 began stamping bonds with
guaranty.
Certain days each month are designated for stamping.
See
V. 96, p. 284.
Both issues are listed on N. Y. Stock Exchange.
Sea Beach
1st 4s are guar., J). & i., by B. R. T. Co.
Not subject to call.
0.198
Coney Island & Gravesend Ry
South Brooklyn
Railway
Prospect Park & Coney Island RR...
New York Consolidated RR.—
Trackage
Interest.
Pref stock, $5,000,000 ($100)
22.713
3.223
Electric RR
Elevated
moderate contingent
LEASE TO N. Y, CONSOL. RR.—On Mar. 26 1913 the P. S. Comm.
2d
1st
Track.
Brooklyn Heights RR
2.134
Brooklyn City RR___
105.598
Bklyn. Queens Co. & Suburban RR__ 29.712
Nassau
a
fund, is to be divided equally between the company and the city.
The company's preferential payments are to be cumulative.
reserve
MILEAGE.—The system includes:
Name—
xcvii.
and
notes are secured
by pledge of equal amount of 1st M. 5s of the New York
Municipal Ry. Corp.; the bonds of that company in turn are guaranteed
prin. and int. by Brooklyn Rapid Transit and also by the New York
Consolidated RR. and by pledge of
$10,000,000 B. R. T. conv. 4%ref-
[Vol.
ORGANIZATION.—Controlled by Long
Island RR., but
on
June 17
1899 the Brooklyn Rapid Transit Co. took possession under a lease for 999
years to the Brooklyn Heights RR. and equipped the road electrically.
(V. 68, p.
the South
1224; V. 69, p. 654.)
Brooklyn Ry.
V. 84,
In Feb. 1907 this lease
p.
569.
Rental
was
was
$40,000
assigned to
per annum
and expenses until 1909, when amount increased to $45,000.
In considera¬
tion of a guaranty by Long Island RR., annual int. on the greater part of
Prospect Park & Coney Island's bonded debt has been reduced from 6 and
7%to4H%.
See V. 56, p. 42; V. 62, p. 187. $172,600 stock, all the 2d
6s, $171,200 of income 6s and $80,000 of 1st M. 6s are owned by L.I.RR.
M.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Stock,
$100
mortgage, now first/
($1,000 each)
c*&rl
Third mortgage, now second,/
Second
1886
6
1886
1891
gold ($1,000 each)_--c*&r\ 1891
6
Interest on above mortgages payable at U. S.
Income bo uds, non-cum—
26.93
_
.
4^ F-A
1880
6 M-N
$250,000
340,000
160,000
96,000
104,000
Maturity.
Feb
Feb
Mar
Mar
1
1
1
1
tge. & Trust Co., N.
>
miles>f single track.
1926
1926
1931
1931
Y.
250,0001May, l 1920
/
/
EARNINGS.—Now included in those of Brooklyn
Rapid Transit.
The
Brooklyn H eights in
ending Dec. 31 1912, $45,000; other income, $33,602; total, $78,602;
Prospect Park & Coney Island received as rental from
year
interest,
25
ELECTRIC RAILWAYS
Sbpt., 1913.]
taxes, &c., $79,920;
deficit, $1,317.
1906 and will be increased to 1>^% in 1916. The Hamburg Ry.
no longer subject to call.
The Dunkirk & Fredonia refunding
bonds are subject to call on any interest date at 103.
Th«
Niagara & Erie 1st M. bonds are subj. to call, any or all, on any int. day
at 105.
Sk. fd. from Jan. 1 1916, 1H% of bonds auth.
Bonds are guar.,
i. & sk. fd., by Buff. & Lake Erie Trac. and Niag. Lockp. & Ont.
6ower Co., one-half by each. V. 92, p. 530.
1
Apr.
bonds
are
mortgage
.,
CONEY ISLAND & BROOKLYN RR.
Over two-thirds of the outstanding stock has been
acquired on behalf
to the Public
take over the
of the Brooklyn Rapid Transit and application has been made
Service Commission to let the Coney Island & Gravesend Ry.
stock.
Cars commenced run¬
10 1860.
ORGANIZATION.—Chartered Dec.
ning over the Brooklyn Bridge Feb. 15 1898.
See V. 66, p. 383.
Brooklyn City & Newtown was leased in Nov. 1897 for 999 years.
In
1900 acquired all the stock of that company, but legal proceedings com¬
pleting merger with Coney Island & Brooklyn were not effected until 1910.
On March 8 1910 and July 30 1910 Pub. Serv. Comm. sanctioned the is¬
sues of $151,000 and $490,000, respectively, of 1904 consol. mtge. bonds for
improvm'ts, &c. V. 90, p. 697; V. 91, p. 336.
Being unable to sell these
bonds, Pub. Serv. Comm. in Jan. 1911 auth. the issue of $500,000 notes (see
below) secured by pledge of $625,000 pf aforementioned bonds. V. 92, p. 59.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Last div.&c.
Q-F
$2,983,900 Feb'07, 2%
First consolidated mortgage/ 1898
4 g J-J
2,000,000 July 1 1948
$2,000,000, gold...
.1
Mercantile Trust Co., New York, Trustee.
1904
4 g J-J
1,500,000 Jan
11955
Consol mortgage ,.$10,000,000
Mercantile Trust Co., New York, Trustee.
gold ($1,000)
1908
Car trust bonds, $30,000
6% F-A
12,000 Aug.l,'13-'14
Stock, $3,500,000 (par $100)
Brooklyn Trust Co.
6 J-J
500,000 Jan
1 1914
Equitable Trust Co., New York, Trustee.
1889
5 J-J
2,000,000 July 1 1939
Brooklyn City & Newtown
first mortgage $2,000,000. Interest at Mercantile Trust Co., N. Y., Tr.
5%
288,062 _.
Real estate mortgages
Bonds.—Of the new $10,000,000 bonds, $4,000,000 are reserved for prior
liens, $625,000 are pledged under coll. gold-notes of 1911 and $3,875,000 are
reserved for extensions and improvements.
No sinking fund and bonds
cannot be called.
Notes are subject to call at 101.
(V 86, p 420, 480)
Coll g notes $500,000
Interest at
1911
($1,000)
*
track, 22.25 miles; misc. track, 6.48
479 passenger and 31 other cars. •
ROAD.—First track, 23.78 miles; 2d
miles; total operated, 52.51 miles.
DIVIDENDS.—In 1895, 6%; in 1896, 5%; in
1897, 6%; in 1898, 8H%;
67, p.r955.
In 1899, 10%; in 1900, 10%; in
16%; in 1903, 16%; in 1904, 16%; in 1905, 10%;
Feb., 2%; May dividend passed.
None since.
V.
1901, 13)4%; in 1902,
in 1906, 8%; in 1907,
June 30:
Net.
Oth. Inc. Int.,Tax.,&c Bal.Sur.
1912-13.....
.$1,646,603
$611,119
$19,411
$411,983 $218,548
421,398
31,234
426,736
25,896
1911-12
1,415,133
555,995
25,955
400,814
181,136
1910-11
1,538,003
458,841
2,026
369,090
91,777
1909-10
1,470,672
OFFICERS.—Pres., S. W. Huff; 1st V.-P., Harold Fitz Gerald; 2d V.-P.,
Allan McCulloch; Sec. and Treas., D. B. Cannon; Aud., E. T. Baker.—
—V. 93, p. 1105; V. 94, p. 767, 1185, 1695; V. 95, p. 1122; V. 96, p. 1020.
REPORT.—For years ending
12 Months—•
Gross.
.
MANHATTAN
6RIDGE THREE-CENT LINE.
ORGANIZATION.—Incorp. in New York. Began operating in Dec.'12.
On Mar. 28 1912 the Board of Estimate & Apportionment granted a
temporary franchise to operate over
the proposed route from Flat bush Ave.
Aug. 14 1912 ap¬
(Brooklyn) to Manhattan.
The P. S. Commission on
proved the franchise.
See V. 94, p. 912; V. 95, p. 420.
Date.
STOCK—•
Interest.
Outstanding.
Maturity.
Common, $1,000,000-___
:
!_
$190,000
ROAD.—Operates about 2 H miles of track from Canal St. and Bowery,
N. Y., over Manhattan Bridge, through Flatbush Ave., extension to Ful¬
ton St., Bklyn.
Contemplates extension from Fulton St., Bklyn., to Long
Island RR. depot, and from Canal St. (New York) to the North River, mak¬
ing a line from the North River to the Long Island RR. depot in Brooklyn.
OFFICERS.—Pres., Fred'k W. Rowe; V.-P.: John C. Brackenridge;
Sec., Walter Hammitt; Treas., Ed. T. Horwill.—V. 90, p. 698; V. 91, p.154;
1767; V. 94, p; 912; V. 95, p. Ill, 236, 420, 618, 1331, 1684; V. 96, p. 285,
1557, 1840.
VAN BRUNT STREET &
OFFICERS.—Pres., John F. Murphy; V.-P., D.
"W. Sullivan; Sec. and
Office, 264 Van Brunt St., Brooklyn,
BUFFALO,
N. Y.
\
BUFFALO & LAKE ERIE TRACTION PO.—A trolley road.
Default.—The company having defaulted on the interest due Nov. 1
1912 on the 1st & ref.. M. 5% bonds (May 1913 int. also defaulted), a pro¬
tective committee, of which Alvin W. Krech is Chairman and Samuel Arm¬
strong, 37 Wall St., Sec., have requested the bondholders to deposit their
bonds with Equitable Trust Co., 37 Wall St., N. Y., as depositary, or the
Girard Trust Co. of Phila. as sub-depositary.
The aforesaid committee also made arrangements for an advance on
or after Nov.
1 1912 of an amount equal to the interest due Nov. 1 as
to all bonds deposited.
V. 95, p. 1121, 1206.
Application has been made
by bondholders' committee to the P. S. Commission for approval of a plan
providing for the formation of a new company; the acquisition of over 80%
of the stock of the Buffalo Lockport & Rochester Ry. and also the capital
stock of an electric company to De organized to acquire the contract with
the Electrical Development Co., Ltd., for delivery of electrical energy at
the international boundary.
See plan, V. 97. p. 297.
In order to connect
the new company wiht the Buffalo Lockport & Roch. Ry. and obtain entry
to Niagara Falls, the new company will lease the Lockport division of the
International Railway.
In this way through service could be established
between Rochester, Buffalo and Niagara Falls and Erie, Pa.
,
„
ORGANIZATION.—Incorporated in New York and Pennsylvania in
Dec. 1906 and is a consolidation of the Hamburg Ry., the Dunkirk & Fredonia RR., the Buffalo Dunkirk & Western RR., the Lake Erie Electric
Traction Co. and the Erie Rapid Transit Co.
Leases the Erie Electric
Motor Co. for 999 years, which company leases the Erie City Passenger Ry.
for 999 years from Oct.l 1888 and the Erie Reed Park & Lakeside Street
Ry. for 999 years from March 1 1901.
In 1909 leased the Buffalo &
Lack. Trac, Co. for 999 years.
V. 88, p." 1001.
Also owns all the stock
of this company, and guarantees the bonds.
Also owns all stock ($750,000,
all out) of the Dunkirk St. Ry., which company has a franchise in Dunkirk
and has built about 5 miles of track.
The Niagara & Erie Power Co. is controlled by the Buff. & Lake Erie
Trac. Co. and the Niagara Lockport & Ontario Power Co. interests, and
its bonds are guar., p., i. & sk. fd., one-half each, by these two companies.
STOCK AND BONDS—•
Common, $5,000,000
Pref, 5%, $2,500,000, cum)
from July 1909
/
1st and ref mtge, $12,000,-/
Date.
Interest.
Outstanding.
Maturity.
$4,654,100
2,500,000
1906
5 g M-N
7,066,000 Nov 1 1936
l-_c*l(Interest at New York Trust Co., Trustee,
6 g J-J
148,000 Jan
1 1919
$200,000]r 1889
($1,000), gold
c i(Central Trust Co., trustee, New York City.
Erie El M 2d mtge, $150,00011 1892
6 g J-J
102,000 Jan 1 1919
($1,000), gold
cl(Central Trust Co., Trustee, New York,
5 g A-O
Erie El M 1st ref sink fund,]r 1901
1,000,000 Apr 11941
$1,250,000, gold ($1,000). [Interest at New York Trust Co., Trustee.
New York City.
Cannot be called
c* I
4 g M-N
745,000 Nov 1 1926
Hamburg Ry 1st M, $750,-/ 1906
000, gold ($1,000)
(Int. at Equitable Trust Co., N. Y., Trustee.
Dun & Fred ref M, $100,000,] ! 1902
5 g J-J
39,000 July 1 1952
gold ($100, $500 & $1,000) (Fidelity Trust Co., Buffalo, Trustee.
1911
5 J-J
510,000 Jan
11941
Niagara & Erie Pow 1st M,
000, gold ($1,000)
M
1st mtge,
~
York, Trustee.
Bonds.—Of the $12,000,000 new bonds, $2,100,000 are reserved to take;
up a like amt. of underlying liens.
These new bonds are subj. to call on any
int. date at 110 and int.
Int. on the 1st and 2d mtges. of the Erie El. Motor
Co. is paid by Koimtze Bros., N. Y.
The Erie El. Motor ref. bonds are
secured by deposit of entire stocks of the Erie City Pass. Ry. and the Erie
Reed Park & Lakeside St. Ry.
A sink. fd. of 1 % ann. on these bds. began
$l,250,000g($l,000)gu p&i\Guaranty Trust Co., New
OFFICERS.—V.-P. & Gen. Mgr., J. S. Pevear; Sec. & Asst. Treas.,
Treas. & Asst. Sec., A. F. Tideswell.—V. 88, p. 293, 1001;
525; V. 95, p. 1121, 1206; V. 97, p. 297.
M. D. Evans;
V. 92, p.
(1)
Co.
Buffalo & Lackawanna Traction
ORGANIZATION.—Incorporated in New York in June 1906 to furnish
entrance into Buffalo for Buffalo & Lake Erie Trac. Co.
In April 1909
was leased to Buffalo & Lake Erie Trac. for 999 years.
Stock $100,000
(V. 88, p. 748), all owned by Buff. & Lake Erie Trac. Co.
Has universal
transfers throughout city of Buffalo through contract with Internat. Ry. Co.
In Nov. 1912 P. S. Comm. authorized $160,000 additional bonds for
construction and impts., to be sold at not less than 80.
These are included
in the amount reported outstanding below.
V.95,p.l471.
an
Date.
Interest'.
Outstanding.
Maturity.
$1,500,000, gold/ 1908
5 g J-D
$1,160,000 Dec 11928
($1,000), guaranteed
c(Interest at New York Trust Co., Trustee.
Bonds are subject to call on or before Dec. 1 1913 at 110 and int.
They
have no sink. fund.
Remaining bonds are reserved for betterments and
extensions at 85% of cost.
Bonds guaranteed prin. and int. by Buffalo
& Lake Erie Traction Co.
V. 90, p. 235.
•
BONDS—•
1st
mtge,
ROAD.—Is
a
double-track road about 4J4 miles long.
Dec. 221909.
•
•
Began operating
•'
R. E. Griscom; V.-Ps., J. S. Pevear
Dodge; Sec. & Asst. Treas., M. D. Evans; Treas. & Asst. Sec.,
well.—V. 88, p. 293, 748; V. 90, p. 235; V. 95, p. 1471.
OFFICERS.—Pres.,
BUFFALO & DEPEW RY.—A
and M. W.
A. F. Tides-
trolley road.
ORGANIZATION.—Incorporated on April 27 1897.
The Independence
Trust Co. of Philadelphia owns about three-fourths of the stock and the
entire $350,000 bonds.
■
In June 1907 the Railroad Commission granted permission to the Buffalo
Genesee & Roch: Ry. to build an extension from Depew to Rochester.
Certain amount of grading completed, but no track laid up to Apr. 1912.
^
STOCK AND BONDS—.
Interest.
Date.
Stock, $350,000 ($100).
Maturity.
Outstanding.
$305,000
...
..
$350,000.1901-.
5 J-J
j 350,000 Jan
1 1931
Loans payable June 30 1911— ——
j 119,533
EARNINGS.—Year ending June 30 1912, gross, $18,338; deficit under
operation, $4,049.
In 1910-11, gross, $18,071; deficit under oper., $4,166.
Buff & D 1st M,
ROAD.—Operates a double-track road from
rail; 5 cars.
Buffalo to Depew, 13.5t
miles of track; 60-lb.
Wm. L. Nevin; V.-P., J.
and Treas., John T. Mooney.
V. 79, p. 2695.
OFFICERS.—Pres.,
BUFFALO SOUTHERN RY. CO.—A
Ernest Richards; Sec.
trolley road.
ORGANIZATION.—Incorporated in New York on Aug. 26 1904 and is
a consolidation of the
Buffalo Hamburg & Aurora Ry. and the Buffalo
Gardenville & Ebenezer Ry.
V. 79, p. 2146.
Franchisesjperpetual. Has
trackage rights in Buffalo over tracks of the International Traction Co.
STOCK AND BONDS—
Stock, $2,000,000 ($100)
1st
mtge,
$2,000,000,
($1.000)
BONDS.—No
s.
—.
Interest.
Dale.
"
f., but from $50,000 to
at 110 and int. on any
Maturity.
Outstanding.
$547,200
•—
...
gold/ 1904
5 g A-O 15
600,000 Oct 15 1934
c*ilnt. at Seaboard Nat. Bank, N. Y., Or at
(
Fidelity Trust Co., Buffalo, Trustee.
$100,000 bonds are subject to call
notice.
$1,400,000 bonds
int. date upon 3 months'
and equipment.
*
reserved for future extensions
EARNINGS— For cal. year 1912, gross,
909.
$78,442.
..
In 1911, gross, $74,-
.
ROAD.—Operates from Buffalo
15)4 miles; also has a
5)4
15 miles, is under construction, 5ft
girder rail.
•
and Ebenezer to Lien's Park,
*
Erie El
Dunkirk *
103 m.
between Hamburg and Dunkirk (about 33 miles), which completes
a through line between Buffalo, N. Y., and Erie, Pa., was put in operatlo*
in Dec. 1908.
Enters Buffalo over tracks of the Buffalo & Lackawanna
Traction Co., which see below.
Grand total of track, 136 miles. .
chard Park,
N. Y.
Erie through Northeast to
3 miles in Dunkirk (owned
The gap
ERIE BASIN RR—A trolley road.
ORGANIZATION, &c.—Chartered Feb. 15 1861.
Stock, $200,000, all
issued; par, $10.
Bonds, $75,000 1st mtge. authorized; $31,000 out.
Track, 2.78 miles, changed to electricity in 1898.
6 pass. cars.
For year
ending June 30 1912, gross, $40,184; net, after taxes, $7,168; other income,
$358; interest, &c., $1,950; balance, $5,576.
Treas., Wyllys Terry.
ROAD.—Operates 81 miles of track from
Westfield, including city lines in Erie.
Also
by the Dunkirk St. Ry.) and 4 miles formerly owned by the
Fredonia.
Also 15 miles from Buffalo to Hamburg.
Total track,
OFFICERS.—Pres., Wm. M.
to Hamburg, East Hamburg and Or¬
line from Buffalo through Gardenville
An extension to East Aurora,
miles completed.
60-lb. T and 80-lb.
miles.
<
Griffith, New York; V.-P., Geo. F. Wells,
Buffalo; Treas. & Gen. Mgr., N. A.
N. Y.; Sec., H. M. Gear,
Bundy, Buffalo.—V. 86, p. 419.
East Aurora,
ELECTRIC RY.
In May 1904 authorized
capital was increased from $75,000 to $3,500,000, and in July 1904 a new
mortgage for $3,500,000 was made tp provide for extension to Rochester.
STOCK AND BONDS—•
Date.
Interest.
Outstanding.
Maturity.
BUFFALO & WILLIAMSVILLE
ORGANIZATION.—Chartered Aug.10 1891.
($3,500,000 authorized)
$75,000
mtge,
$3,500,000, gold/ 1904
5 g J-J
127,500 July 1 1944
($500 and $1,000)
(Int. at Com'wealth Tr. Co,. Buffalo, Trustee
Bonds.-*—Are subject to call on any interest date at 105.
Stock
1st
EARNINGS.—For cal. year 1912, gross,
$44,882.
In 1911, gross, $42,-
'•
839.
ROAD.—6.65 miles of track,
from Williamsville to Rochester,
Buffalo to Williamsville.
An extension
60 miles, is contemplated; has been com¬
pleted in village of Batavia, 4.48 m. of track.
Permission to build
der has been granted by Railroad Commissioners. . Rails 80-lb. T
remain¬
and 90-
]b. grooved girder.
V.-P. and Gen. Mgr., L. L. Grove;
Warnick:—V. 84, p. 1306.
OFFICERS.—Pres., L. L. Lewis Jr.;
Sec., Godrfey Morgan; Treas., L. K.
INTERNATIONAL TRACTION
The United Gas & Electric Corp,
CO.—Trolley (see Map, p. 26).
(see statement of company under New
Co. com. stock.
V. 94, p. 1383.
York) owns over 50%of Internat. Trac.
In Dec. 1912 the Pub. Serv. Comm.
approved the reorganization plan,
calling for exchange of old coll. trust 4s, $ for $, for new col. trust 4s of
Internat. Trac. Co. due July 1 1949, and limiting the issue to $18,335-,
000 instead of the $30,000,000 proposed.
V. 96, p. 63.
The few remaining
bonds of 1890 which did not assent to plan have been called for payment
on July 1 1913 at 110 and int.
V. 96, p. 1021.
ORGANIZATION.—Organized on Jan. 18 1899 under N. J. laws and
all the electric railways connecting the cities of Buffalo, Niagara
has acqured
Falls, Lockport, North Tonawanda and Tonawanda, together with all the
street railway systems in all of said cities; also the electric railway connecting
the villages of Depew and Lancaster with Buffalo.
It also acquired the
Canadian Electric Railway, traversing the entire length of the Queen Vic¬
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 be6n
equipped with trolley tracks.
Owns entire stock and $4,984,500 bonds of
the International Ry. Co.
Has traffic agreement with Niagara Gorge RR.
for the operation of cars over the latter's 8-mile line.
Contract runs to 1941.
Strike.—On April 6 1913 a strike was begun on the company's lines, but
on April 12 1913 the men returned to work under an agreement by the com¬
pany to listen to all complaints and to arbitrate all differences.
On May 1
1913 agreement was made settling all disputes with the Amal. Assn. of
Street & Elec. Ry. Employees of Am. to continue until May 1 1916 and
toria Niagara
from year to year
thereafter.
Date.
Interest.
Outstanding.
Maturity.
$10,000,000$10,000,000
$5,000,000
5,000,000
See text
Coll trust, $18,335,000
1912
4 J-J
18,335,000 July 1 1949
Serial debenture notes, $500,-/1913 ' 6 F-A
500,000
See text
000 ($1,000), gold.
clnt. at Chase Nat; Bank, N. Y., or Fidelity
STOCK AND BONDS—
Stock, common,
Pref, 4% cum,
>
'
Trust Co. of Buffalo, Trustee.
26
ELECTRIC RAILWAYS
[Vol.
«
xcvii.
ELECTRIC
Sept., 1913. j
Date.
Interest.
Outstanding.
Maturity.
2) 1906
4H J-D 15
$180,000
1913-1916
c*/Commercial Trust Co., Phila., Trustee.
Car trust certificates No 31 1907
6%
100,000
See text
$250,000
/Commercial Trust Co., Phila., Trustee.
*
Bonds and Notes.—The debenture notes mature $50,000 annually be¬
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
installments of $30,000 each from Dec. 1906 to June 1916 inclusive.
Car
trust certificates No. 3 are secured by title to 50 cars.
They fall due in
semi-annual installments of $12,000 March 1 and $13,000 Sept. 1 from
trust
$600,000
No
certificates
($1,000)
March 1 1908 to Sept. 1 1917.
Dividends.—As a result of the reorganization bringing about the issuance
of new coll. trust bonds and the settlement of the International Ry.'s in¬
months' notice.
V. 95, p. 678.
int. day on 3
July 1914.
practically perpetual, none in Buffalo or other cities
of less than 40 years, excepting
the
Fillmore Avenue franchise, covering an extension
of 6H
on the east side in Buffalo, which was limited to 25 years; also portions
are
only
miles
of Franklin,
Pearl,
Genesee, W. Seneca, Morgan and W. Chippewa Sts.;
and College Place.
1902 the Interna¬
tional Railway Company was incorporated in New York with $10,120,500
stock, and in Aug. 1902 this was increased to $17,000,000, of which $16,320,500 has been issued (ail owned by the International Traction Co.), as a
consolidation of the following companies, whose shares had previously been
held by the Traction Co.; V. 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &
extension of Morgan St. or Elmwood Ave., in the Terrace
Consolidation of Constituent Companies.—On Feb. 20
the same).
Lancaster had first been merged in
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elmwood
tric Railway had been merged).
Buffalo Tonawanda & Niagara Falls
ROAD.—Owns and operates about
66 to 85-lb. T rail.
62 passenger cars.
OFFICERS.—Pres., Geo. H. Higbee; V.-P., E. C. Walsh;
& Gen. Mgr., C. H. Walsh.—V. 95. p. 678, 1039.
BURLINGTON,
BURLINGTON TRACTION
Sec. & Treas.
VT.
CO.—A trolley road.
The P. S. Comm. of Vermont has auth. an issue of $500,000 30-year 5%
gold bonds, of which $200,000 have been issued, the proceeds being used to
pay for power plant at Vergennes, Vt.
STOCK AND BONDS—
Date.
Interest.
Maturity.
See text
Outstanding.
$200,000
200,000
150,000
Q-F
5%
6 g J-J
Stock, $200,000 (par $100)
30-year bonds, $500,000
1912
Win & B Horse RR 1st M,[ 1894
-
Jan 1 1914
$150,000, gold ($500 and)
Not subject to call before maturity.
$1,000)
c(Interest at Burlington Trust Co., Trustee.
Bonds.—$150,000 bonds are reserved to retire the Winooski & Burlington
bonds, and the remaining $150,000 can only be issued with permission of
Public Service Commission.
11 miles of track in city of Burlington.
Rails 50, 60
Owns 15 box cars, 18 open cars, 2 snow plows.
to 1903, 4% yearly.
From 1903 to 1912, 6%
ROAD.—Owns
Dividends.—Previous
Ave. and Tonawanda Elec¬
Electric RR. Co.
Liens of Constituent and Owned
Date.
miles of track in Burlington
19 H
and its suburbs.
and 75-lb. T.
Lockport & Olcott Railway.
Niagara Falls & Suspension Bridge Railway (after the Niagara Falls
Whirlpool & Northern Ry. had been merged in it).
Niagara Falls Suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stock of the Crosstown Street
Ry. of Buffalo, and this passed to the International Railway Co.
On July 1 1902 the International Ry. Co. acquired by purchase the
Niagara Falls Park & River Ry., the Clifton Suspension Bridge Co., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. and in
Dec. 1912 merged the Electric City Ry., and in April 1913 the Crosstown
St. Ry. was also merged, thus leaving the International Railway Co. and the
Frontier Elec. Ry. the sole operating companies and the International Trac¬
tion Co. the holding company.
i
In Dec. 1912 the P. S, Comm. authorized the Railway Co. to make a
mortgage for $60,000,000 as below.
V. 95, p. 1608.
BONDS—
other
net, $152,538;
EARNINGS.—For cal. year 1912, gross, $320,240;
income, $8,395; total income, $160,933.
In 1911, gross, $306,519; net,
after taxes, $141,340;
other income, $10,428; total income, $151,768.
on the pref. stock was paid
Feb. 1 1913; also an additional 4% on account of accumulated dividends;
July 2% and an additional 2% on account of accumulated dividends.
Franchises.—In June 1906 we were informed that the majority of the
and towns having then an unexpired term
are
under certain restrictions, at 80% of cost.
debtedness to the Traction Co., a div. of 2%
franchises in Buffalo
for additions, betterments or extensions,
Callable at 105 and int. on any
Sinking fund of 5% of gross earnings begins
Bonds.—Remaining bonds
STOCK AND BONDS—
Car
37
RAILWAYS
Companies.
Interest.
Maturity.
Outstanding.
Ry ref & imp mtge) 1912
5 M-N
$8,639,000 Nov 1 1962
$60,000,000, gold
c*&r [Bankers Trust Co., New York, Trustee.
Buffalo
Ry
1st
con
mtgef 1891
5 g F-A
5,000,000 Feb 1 1931
($1,000) $5,000,000,g,c*&r)Int. atCo.'s office, Buff., E.W. Clark & Co.,
Internat
I
Phila., or Bankers Tr. Co., N. Y., Trustee.
aTonawanda St RR 1st M,1 1892
6J-J
60,000 July 1 1922
$250,000
[Interest at company's office, Buffalo.
aTpnawanda Electric RR 1st) 1895
4 A-O
40,000 April 1 1917
mtge
[Interest at company's office, Buffalo.
i>Crosstown St Ry lstmtge, g) 1892
5 g M-N
52,974,000 May 1 1932
($3,000,000), gu p & i_-c*/Int. at Metropolitan Tr. Co., N.Y., Trustee.
Buffalo Traction
1st mtge,) 1898
5 g J-D
673,000 Dec 1 1948
$5,000,000 —'
__/Int. at Metropolitan Tr. Co., N.Y., Trustee.
yearly.
In 1912 began paying 8% (1H% regular and
extra, quar.).
Gross.
Net.
Charges.
Divs.
Const.
Balance.
-$126,185 $39,537 $14,000 $16, 00
sur.$9,537
122,153
55.838
13,401
12,000 $32,883
def.2,446
Year end. June30—
1912-13
1911-12-
OFFICERS.—Pres., Eiias Lyman;
Hendee;
V.-P., Jno. J. Flynn;
Treas., W. F.
Sec., C. W. Brown ell.—V. 94, p. 1185.
BUTTE, MONT.
RAILWAY.—Trolley.
This company was incorporated in West Virginia in December 1899 as
successor or the Butte Consolidated Ry., sold at foreclosure.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 (par $100).
M-N
$1,000,000 Oct '06, 2%
1st M, $700,000, gold, $1,000/ 1900
5 g M-S
700,000 Mar 1 1925
each
c*)Interest at W. A. Clark. & Bro., Butte.
Bonds.—May be called for payment on Mar. 1 1915, or on any interest
day thereafter.
Sinking fund of 10% par value of bonds begins Mar. 1 1916.
Dividends.—In 1905, 4%; in 1906, May, 2%; Oct., 2%; none since to
Sept. 1913—ail earnings going into construction.
BUTTE ELECTRIC
•-
56-lb. T rails; 62 motor cars.
ROAD.—Operates 33.3 miles of track.
Dec. 31
EARNINGS.—Year ending
$478,465;
$464,532;
1912, gross,
expenses,
loss. $13,933.
,
-
Lancaster) 1897
5 J-D
215,000 June 1 1927
mtge
[Redeemable at par.
Buff & Niag Falls Elec Ry— ) 1895
5 g J-J
750,000 July 1 1935
1st M, $750,000, gold
c[lnterest at Bankers Trust Co., New York.
2d M, $250,000. g, s f, red) 1896
5 g J-J
55.000 July 1 1921
aft 1901 at 105 ($l,000)_c[lnt. at Bankers Trust Co., N. Y., Trustee.
Buffalo & Lockport 1st mtge,) 1898
5 g J-J
500,000 July 1 1938
gold, $500,000
/Equitable Trust Co., New York, Trustee.
Lockport & Olcott Ry 1st) 1900
5 g J-J
800,000 July 1 1920
mortgage, $1,000,000, gold)Int. at Guaranty Tr. Co., N. Y., Trus.; also
($1,000)
____c*( at Buffalo. Guar., p. & i., by Inter. Trac.
1897
5 g J-J
" 300.000 Jan 1 1928
Niagara
Falls
Suspension
Buffalo Bellevue &
Bridge, Clifton Suspension Toronto General Trusts Co., Trustee.
Int. at American Exch. Nat. Bank, N. Y.
Bridge
1898
5 g A-O
125,000 Oct 1 1928
Connecting Bridge
;•
Co,
Queenston
Heights Toronto General Trusts Co., Trustee.
Int. at American Exch. Nat
Bank, N. Y.
Bridge Co
1893
5 J-J
600,000 Jan 2 1914
Niag Falls Park & River 1st
mtge, Canadian currency., Int. at Imperial Bank, Toronto, Canada.
6 J-J
518,000 July 1 1923
aNiag Falls & Susp Bridge Ry. 1893
22,500 July 1 1923
aNiag Falls Whirlpool & No Ry 1894
6 J-J
Lewiston
,
OFFICERS.—Pres., W. A. Clark, Butte;
All owned by International
b Of this $350,000 owned by
Traction Co.
International Railway Co.
imp. bonds, $11,641,500 are re¬
prior lien bonds; remaining bonds may be issued only for
add'ns, impts., &c., with consent of the P. S. Comm.
Coup, bonds in
denom. of $1,000 and $100 and reg. bonds of $1,000 and multiples.
Red.
on any int. date at 110 and int.
Int. payable at the office or agency of the
company in New York.
Sk. fd. begins m 1912 and will provide by July 1
1949 sufficient funds to retire all outstanding underlying bonds, of a total
Bonds.—Of the Internat'l Ry. ref. and
served to retire
value of $12,651,500. V. 96, p. 62. The Tonawanda Elec. RR. mtge.
April 1 1907 was extended until 1917. The Niagara Falls & Suspension
Bridge Ry. bonds of 1893 and the Niag. Falls & Whirlpool Northern bonds
of 1894 given in the table above matured in 1903, but were acquired by the
International Traction Co. and extended ten years, and then deposited with
the Guaranty Trust Co. of New York as additional security under the
International Traction Co. collateral trust mortgage.
These were again
extended, maturity now being July 1 1923 and bearing interest at 6%.
All
the outstanding stock and $4,344,000 ref.& impt. 5s of the Internat. Ry.,
$60,000 Tonawanda St. Ry. 1st 6s, $40,000 bonds of Tonawanda Elec. RR.,
$518,000 bonds of the Niagara Falls & Suspension Bridge and $22,500 bonds
of the Niagara Falls Whirlpool & Northern are pledged as security for the
par
due
International Traction collateral trust loan.
EARNINGS.—For year ending
and
Crosstown
St.
prern. on
Dec. 31 1912 (incl. International Ry. Co.
Ry. of Buffalo), gross, $6,393,796; net, after taxes,
$2,177,625; fixed charges,
$1,458,206; sinking fund, amort, of disc,
and
debt, $33,734; surplus, $685;685.
CALAIS, ME.
STREET
CALAIS
RAILWAY.—A trolley road.
$50,000 com. and
1910, 5s, J-J, $100,000 due July 1 1930.
ORGANIZATION.—Stock,
mortgage,
REPORT.—Year
June 30
ending
BURLINGTON, IOWA.
BURLINGTON
RAILWAY
&
LIGHT
CO.—A
trolley road.
ORGANIZATION.—Incorp. in 1912 in Delaware and acquired the Peo¬
ple's Gas & Elec. Co. and old Burlington Ry. & Light Co. Does entire
municipal and commercial electric-lighting and power business in Burling¬
ton
and suburbs.
Also owns steam-heating and gas plants.
Railway
franchises are perpetual, except for two suburban extensions of minor im¬
portance.
Other franchises expire in 1927.
■■
STOCKS AND BONDS—
Date.
Interest.
Outstanding.
Common, $3,000,000-.
"
$2,000,000
Prefferred, $2,000,000
1,000,060
First mortgage, $7,500,000, gf 1912
5 M-S
1,400,000
($1,000), sinking fund-_c*)Equit. Trust Co., N. Y., Trus.
Maturity.
.......
'
Mar 1 1932
Int.inN.Y.
$36,002;
gross,
net, $8,431;
Calais, 4 miles;
St. Stephen Electric Ry., Milltown, N. B., to St. Stephen, N. B., 3 miles;
total, 7 miles.
The St. Stephen Electric Street Ry. is a separate corpora¬
tion, but is owned entirely by the Calais company.
9 cars.
ROAD.—Calais Street Ry., lower wharf to upper bridge,
OFFICERS.—Pres., George A. Curran;
Sec., Treas. &
Benjamin Y. Curran; Supt., C*. F- Pray; all of Calais, Me.
RAILWAY.—A trolley road.
HILL STREET
ORGANIZATION.—Franchise perpetual.
STOCK AND BONDS—
•
Interest.
Date.
Stock, $300,000 ($100)First mortgage, $500,000,
Outstanding.
$300,000
Maturity.
J 1903
5 g A-O
25L000 Oct 1 1923
)lnt. at Old Colony Trust Co., Boston, Trus.
gold
*
Bonds.—Subject to call
as a
EARNINGS.—For 12
mos.
whole at 115 and int. on any int. day.
1912, gross, $93,222;
surplus, $6,702.
net,
ending Dec. 31
interest, $20,475;
after taxes, $27,177;
Gen. Mgr.,
MASS.
CANTON,
BLUE
ROAD.—Operates 19.5 miles of track from Mattapan, where connection
is made with tne Boston Elevated Ry., to Canton and Stoughton, at which
latter
State
point it connects with the Brisfol & Norfolk Street Ry.
Street Ry.
Standard gauge.
25 cars.
and the Bay
V.-Ps., A. S. Pratt and E.
J. B.
Hun toon;
Clerk, William T. Crawford; Treas., Henry B, Sawyer;
Mgrs., Stone & Webster Mgmt. Assn., Boston.—V. 78, p. 1906.
Gen.
OFFICERS—Pres., C.
H.
French;
CAPE
CAPE
MAY,
N* J.
MAY DELAWARE BAY & SEWELL'S
POINT RAILROAD.
—An electric and stram road.
In Mar. 1912 Nelson Z. Graves of Phila.
acquired control. V.94,p.826,982.
ORGANIZATION.—Organized under the general railroad laws of New
Jersey on Jan. 19 1893 by consolidation of the Delaware Bay & Cape May
RR. (owner of the Cape May & Sewell's Point RR.) and the Cape May &
Schellenger's Landing RR.
Uses electric power for passenger service and
stram power for freight.
Date.
STOCK AND BONDS—
Stock
First
paid in (par $50)
($150,000)
mtge
interest.
—
cur_
1893
5 F-A
Outstanding.
Maturity.
$150,000
150,000 Feb 1
1923
391,449
made, by mutual consent
of bondholders.
Interest was reduced to 5% for 5 years Lorn Feb. 1 1896,
and remains at 5%.
Trustee is N. J. Trust & S. D. Co., Camden, N. J.
1912
In 1894 and 1895 but one interest payment was
ROAD .—Operates
6.29 miles of track extending to Cape May Point
front through city of Cape May.
and
Sewell's Point, along the beach
EARNINGS.—For year
$32,991;
$15,871.
ending Dec. 31 1912, gross, $27,322; expenses,
taxes, int., &c., $10,202; total deficit,
def. from oper., $5,669;
OFFICERS.—Pres., Nelson Z.
Graves, Philadelphia.—V. 72, p. 532
V. 94, p. 826, 982.
CEDAR
IOWA RAILWAY &
a
City Ry. & Lt. Co. and has
following companies:
Boone Electric Co.
RAPIDS, IOWA.
LIGHT CO.
ORGANIZATION.—Is
f
1913,
first
pref.;
$50,000
surplus, $2,758.
interest and taxes, $5,673;
Other debts Dec 31
ROAD.—Mileage Jan. 1 1913 (incl. Crosstown St. Ry. of BuffaloLength of line, single track (owned, 198.50; leased, 18.36; trackage, 4.80)«
221.66 miles; total track oper., 378.18 m.
Gauge, 4 ft. 8H to- " Rail
(steel), 45 to 140 lbs.
EQUIPMENT.—Jan. 1 1913 (incl. Crosstown St. Ry. of Buffalo), 1,362
cars
of all classes, incl. 1,181 passenger cars;
power furnished by the
Niagara Falls Power Co. and the Cataract Power & Conduit Co.
OFFICERS of all
operating companies.—Chairman Exec. Comm.,
Geo. Bullock;
Pres., Edward G. Connette;
V.-P., J. T. Pevear; Sec.,
John A. McKenna; Treas., Geo. W. Wilson; Aud., Charles A. Chavel.
OFFICERS of International Traction Co.—Pres., Rodman E. Griscom;
V.-P., E. G. Connette; Sec., John A. McKenna; Treas., Geo. W. Wilson;
Asst. Sec., S. A. Fahenstock.—V. 91, p. 38, 945; V. 92, p. 261;
V. 93, p.
44, 731, 1260, 1786; V. 94, p. 911, 1383, 1764; V. 95, p. 420, 618, 891;
V. 96, p. 63, 135, 285, 716, 1021.
N. Y.—V. 72, p. 190.
Treas., J. H. Anderson, 20 Exchange Place,
•
a
Sec. &
V.-P., J. R. Wharton;
re-incorp. in 1912 of the Cedar Rapids & Iowa
acquired the properties formerly owned by the
„
,
_
Marshalltown Lt., Power & Ry. Co.
Rapids & Iowa City Ry. & Lt. Perry El. Lt., Pow. & Heat Co.
Co.
Tama & Toledo Electric Power Co.
Marion Light, Heat & Power Co.
Tama & Toledo Ry. Co.
Owns and operates entire electric light and power properties in Cedar
Rapids, Marshalltown, Boone, Marion, Perry, Tama and Toledo; interurban road between Cedar Rapids and Iowa City; the local street railways in
Marshalltown, Boone, Tama and Toledo; the gas plant in Marshalltown and
the heating properties in Cedar Rapids, Boone, Marion and Perry.
Interurban road is on private right-of-way.
/
In April 1913 it was reported that the Nevada.(Ia.) Electric Co. had been
acquired. '
.
Cedar
28
ELECTRIC
STOOK AND BONDSCommon $3,000,000
Date.
Interest.
Outstanding.
RAILWAYS
Maturity.
1912.
xcvii.
1911.
1910.
Less net earnings of Des
$1,700,000
1,1
182,855
Prof, $3,000,000, 7% cum...,
[Vol.
Moines and
Topeka properties prior to purchase
1st & ref mtge $10,000,000 g
1912
5 M-S
3,279,000 Sept 1 1932
($500 and $1,000)
Harris Tr. & Sav.
c* ■
Bank, Chicago, trustee.
Cod Rap & Iowa City R & L
1903
5 g J-D
275,000 June 1 1923
1st M$2,000,000gold ($1,- Illinois Tr. & Sav.
Bk., Chicago, co-trustee.
$54,183
—
„
000)
c*
Interest, &c
Dividends
Bonds.—Of the remaining 1st & ref.
bonds, $275,000 are reserved for prior
lien and $6,446,000 are for extensions and additions
properties for
ending June 30 1913,
year
Soss,
$912,465; bal.,
net, after
oper. exp., taxes, maint. and renewals, $373,601;
t., $177,700;
$195,901.
-
„
ROAD.—Operates an interurban road 273-£ miles long on private rightof-way substantially 100 ft. wide between Cedar Rapids and Iowa City;
also local street railways in
Marshalltown, Boone, Tama and Toledo.
An
extension from Cedar Rapids east to Mt.
Vernon, 15 miles, is under con¬
struction.
A 4,500 h. p. turbo-generator
having a generating capacity of
15,000 h. p., has been installed.
A contract has been awarded fbr a new
LOCAL
2,100 h. p. turbine.
750.
CEDARBURG,
MILWAUKEE NORTHERN
WIS.
terurban system entirely on private right-of-way.
Pref. stock, $300,000, 6%
1st and gen mtge, $3,500,0001
in 1905.
Operates in¬
Franchise in Milwaukee
gold ($1,000)
B&NRE&H
expires Dec. 31 1934 and provides for 5-cent single fares and that 8 tickets
be sold for a quarter within city limits.
Port Washington franchise expires
Jan. 2 1956.
All others perpetual.
Enters Sheboygan over tracks of Sheboygan Ry. & Electric Co. under perpetual contract.
f
„
STOCK AND
BONDS—•
Date. -j
Interest.
Outstanding,
Maturity.
Stock, common, $1,000,000-$1,000,000
1st pref., $400,000, 6% cum__
M-S
400,000 Mar'13,3%
2d pref, $600,000, 6% non-cum
M-S
600,000 Mar'13,3%
1st
mtge
$4,000,000
gold/ 1911
5 A-O
1,500,000 Apr
11931
($500 and $1,000)
c\Int. at First Sav. & Tr. Co., Milw.. Trustee.
.
—
-
Bonds.—Remaining bonds may be issued only when net earnings are
twice int. charges, incl. bonds to be issued, at not
exceeding 75% of cost
of extensions, additions, &c.
Subject to call at 105 and int.
V. 92, p. 725.
Dividends.—Initial divs., 3%, paid on 1st and 2d pref.
Sept. 1911.
1912,6%.
STREET
STOCK AND BONDS-—
Date.
Com stock, $1,200,000 ($100)-
RY.—An electric road.
ORGANIZATION.—Incorporated in Wisconsin
$2,498,227
$1,536,687
273,286
RAILWAYS.
(1) Bloomington & Normal Railway & Light Co.
ORGANIZATION.—Incorporated in Illinois on Feb. 23 1906 as a con¬
solidation of the Bloomington & Normal Ry., Electric &
Heating Co. and
the Consumers Light & Heating Co. of Bloomington.
Does all local street
railway and commercial electric light and power business in Bloomington
and Normal and operates hot-water and
steam-heating system in Bloom¬
ington. Principal railway franchise in Bloomington expires in 1929.
In
this franchise city reserves right to
purchase plant at an appraised value
plus 10% of same.
Railway franchises in Normal that are not perpetual
expire in 1922.
Principal lighting franchises are perpetual.
OFFICERS.—Pres. and Gen. Man., William G. Dows; V.-P. and
Treas.,
Isaac B. Smith; V.-P., John A.
Reed; Sec., C. S. Woodward, all of Cedar
p.
preferred
$2,768,580
$1,885,221
318,276
$2,320,516
$2,203,497
$1,809,973
Surplus.
$741,917
$565,083
$688,254
During 1912 $1,168,670 was expended for maint., renewals & betterm'ts.
ROAD.—The interurban lines comprise 489.54 miles of
track; city lines
comprise 169.60 miles of track; total of all lines, 659.14 miles.
In 1912
entered into a contract with Wabash RR. for a
physical connection and
general interchange at Decatur.
Has working agreement with all steam
roads in its territory that can be of
service, except the Pennsylvania and
N. Y. Central lines.
Interurban lines have 150 passenger, 128
express and
750 freight cars; city lines have 210 motor cars and 149
others; 4 central
power stations and 40 sub-stations.
OFFICERS.—Pres., W. B. McKinley, Champaign; V.-P. and Gem Mgr.,
H. E. Chubbuck, Peoria: V.-P. and Treas., Geo. M.
Mattis, Champaign.
Sec., T. B. Macauley, Montreal.—V. 94, p. 911, 982; V. 95, p. 172, 1542;
V. 96, p. 62, 652, 1222, 1365, 1423; V. 97, p. 521.
at 80% of cost for ac¬
quisitions, &c., under certain restrictions.
Subject to call on any int. date
on or after Sept. 1 1915 at 103 and int.
Sink. fd. 1 % per ann. of bonds out,
beginning Mar. 1 1916 to 1921; 1922 to 1926, 2%; 1927 to
1931, 3%.
Sink,
fund to be used for redemption of bonds or for
extensions and better¬
ments.
V. 95, p. 750.
On Ced. Rap. & Iowa City
Ry. & Lt. 1st M. a sinking fund began April
1 1908 and bonds are subject to call on or after June
1 1913 at 107H & int.
See Y. 77, p. 2279.
Rapids.—V. 95,
on
Int. at Harris Tr. & Sav.
Bank, Chicago.
EARNINGS.—Of combined
$3,062,433
$1,975,969
344,547
$600,000 ($1,000)
-
Interest.
Maturity.
Outstanding.
$1,200,000
300,000
5 J-J
894,000 Jan 1 1928
Trust & Sav. Bk., Chicago, Trustee.
-
—
1911
—c*&r/Illinois
mtge,] 1902
5 g J-D
g, s f_c*/lnt. at 111. Trust
1st
544,000 June 1 1927
& Sav. Bk., Chic., Trustee.
$600,000 are re¬
Bonds.—Of the $3,500,000 1st and gen. mtge. bonds,
served for prior liens and $2,006,000 for extensions and
impts. under care¬
Int.
s. f. at 102H and
Int. on any int. date.
Sink., fd. 1% of bonds out annually, 1912 to 1919;
.2% 1920 to 1928.
V. 93, p. 665.
The Ry., Elec. & Heating Co. bonds are
subject to call at 110 and int.
Sink, fd., $10,000 annually, began June
1908; $56,000 are in sink. fund.
ROAD.-—Operates 20 miles of track in, around and between Bloom¬
ington and Normal.
Rails 70 and 72-lb. Has 33 pass
and 6 misc. cars.—
V. 93, p. 665.
ful restrictions.
Are guar. prin. and int. and s. f. by 111. Trac. Co,
in N. Y. or Chicago.
Callable as a whole or in
part for
.
In
(2)
EARNINGS.—For year ending June 30 1913, gross,
$344,350; net after
taxes, $157,090; int., $75,000 surplus, $82,090.
ROAD.—Will be 120 miles long, running north from Milwaukee to
Cedarone branch extending to Sheboygan via Port
Washing¬
burg, where it forks,
St.
Louis
Electric Terminal Railway Co.
<
Owns extensive freight and passenger terminal stations
costing about
$5,000,000; also valuable real estate and a 50-year franchise giving the Illi¬
nois Trac. an outlet in St. Louis.
Also owns the Citizens' Ry. Co. of Venice,
which operates 4.88 miles of street railway in
Madison, Granite City and
Venice.
V. 91, p. 1769.
In 1913, Mar., 3%.
STOCK AND BONDS—
ton and the other to Fond du Lac.
Operates 69 miles of track, including
6H miles in Milwaukee, between Milwaukee, Cedarburg and Sheboygan.
Cedarburg, 6.04 miles
completed.
Gauge, 4 ft. SH in.
70-lb. T rail.
Date.
Interest.
Outstanding.
Maturity.
All owned by Illinois Traction Co.
Common, $1,000,000
Preferred 5%
1st M (temporary),
Is double-tracking the line between Milwaukee &
$1,000,000
$3,500,-1 1909
3-5 F-A
1,724,000 Dec 1 1929
& i. /Int. at Merchants' Bk. of Canada, Montreal.
Bonds.—First M. (temp.) bonds are subject to call at
par on any interest
day.
No sinking fund.
They are guar., p. & i.„ by Illinois Traction Co.
000,
OFFICERS.—Pres., Wm. A. Comstock; V.-P. and Gen. Man., F. W*
Walker; Sec, and Treas.. Henry A. Haigh.—V. 85, p. 601; V. 92, p.,725.
g
($1,000),
-
—
—
guar p
(3)
Danville Champaign & Decatur Ry. & Light Co.
in Maine May 14 1913.
Is a holding
and controls substantially all the electric, gas, street railway
and public-heating systems in Danville, Decatur,
Champaign and Urbana.
Franchises covering gas, electric and heating, with few
exceptions, extend
many years beyond 1938.
Street railway franchises expire at various dates
before 1938, the laws of 111. not permitting
long-time street ry. franchises.
ORGANIZATION.—Incorp.
company
CHAMBERSBURG, PA.
CHAMBERSBURG & GETTYSBURG ELECTRIC RY.
ORGANIZATION.—-Incorporated in Pennsylvania Dec. 4 1900.
STOCK AND BONDS—
Stock $225,000 ($50)
Date.
Interest.
Outstanding.
Maturity.
$225,000
$225,000 ($1,000),/ 1903
5M-N
225,000 May 1 1933
red., no sink. fund_.c*llnt. at Northampton Tr. Co.,
Easton, Trust.
„
STOCK AND BONDS—
Stock. $3,700,000 ($100)--
-
-
1st mtge,
not
$12,137; deficit, V6,151.
ROAD.—Operates 13.25 miles of track between Chambersburg, Stofferstown, Fayetteville, Greenwood and Mt. Union.
60 to 80-lb. T and
girder rail.
Gauge, 5 ft. 2^ in.
OFFICERS.—Pres., T. B. Kennedy; Sec. and Treas., W. L. Ritchey';
Supt.. D. B. Fretz.
CHAMPAIGN, ILL.
ILLINOIS TRACTION CO.—( See Map
on page
ORGANIZATION.—Incorporated in Maine
on
trols the
following companies:
Bloomington Decatur & Champ. RR
Bloomington & Normal Ry. & Lt.Co.
Daqville Cham. & Dec. Ry. & Lt.Co.
Danville & Eastern Illinois Ry.
Danville & Northern RR.
Danville & Southeastern Ry. Co.
Danville Street Railway & Light Co.
Danville Urbana & Champaign Ry.
Decatur Railway & Light Co.
Des Moines Electric Co.
Illinois Central Traction Co.
29.)
May 13 1904 and
con¬
Madison County Light & Power Co.
Oskaloosa Traction & Light Co.
Oskaloosa Light & Fuel Co.
Peoria Railway Co.
St. Louis Electric Bridge Co.
St. Louis Electric Terminal
Ry.
St. Louis Springfield & Peoria RR.
Springfield & Northeastern Trac. Co.
Topeka Edison Co.
Topeka Railway Co.
.
Urbana & Champaign
Railway, Gas
& Electric Co.
\
Urbana Light, Heat & Power Co.
Jacksonville Railway & Light Co.
Jacksonville Ry.
.
In
April 1907 obtained a 50-year franchise on certain streets of St. Louis
and was also given authority by the U. S. Government to
build a bridge
across the Mississippi River between
Venice,111., and St. Louis, Mo.
This
bridge was opened to traffic in Nov. 1910 and, with terminals in St.
Louis,
represents an investment.of over $6,000,000.
V. 92,' p. 259.
On July 1
1911 began running express trains between St. Louis &
Peoria, 174 miles,
with only two stops-^-at Springfield and Lincoln—the
running time to be
5% hours, or about 32 miles an hour (V. 93,; p. 44).
In Aug. 1911 the
company opened offices in Chicago, with the purpose of
securing freight
from points betvyeeri Chicago and St. Louis,
though company has as yet
no direct "entrance into Chicago.
V. 93, p. 527.
On Dec. 31 1912 the bonded indebtedness of the
properties controlled
was $37,085,000.
STOCK AND BONDS—-
Date.
Interest.
Common, $10,000,000 ($100)
Outstanding.
LastDivid.
$9,990,900 Aug'13,M%
Pref 6% cum$10,000,000($100)
Q-J
6,820,200
See text.
Stock.—Additional preferred stock can only be issued when net
earnings
are equal to 9% on preferred stock out
and the amount proposed to be
issued.
Preferred stock is listed on Montreal Stock
Exchange.
Dividends.—6%
div.
on
com.— %
per annum is being paid on the preferred stock.
%—paid May 15 1913; Aug. '13, %%.
REPORT.—For cal. years.
Gross
Report for 1912 in V. 96,
earnings—
1912.
Interurban.
Local street railway
Gas
.
Electric light and power
Steam
heating
Miscellaneous—
j.
...
Total gross earnings
Operating
expenses.
General and overhead expenses
Taxes—
Ti—— — -——
Total operating expenses—
Net
earnings
—
_
p.
First
1222.
1911.
1910.
$2,964,955
2,030,994
428,977
1,689,477
219,170
82,074
$2,864,793
1,950,880
383,324
1,473,938
197,737
31,548
$2,440,592
1,896,587
357,315
1,322,581
174,822
$7,415,647
$4,021,994
81,205
250,015
$6,902,220
$3,867,869
'83,700
182,071
$6,218,038
$3,441,100
...
26,141
58,596
165,932
$4,353,214
$4,133,604
$3,665,628
$3,062,433
$2,768,580
^52,552,410
Interest.
Outstanding.
$3,688,000
Maturity.'
—
$15,000,000/ 1913
5g M-S
2,092,000 Mar 1 1938
g c*&r*, red at 104 and
int.jlnt. at Boston Saf6 Deposit & Trust Co
guar prin and interest
(
Trustee.
.*•
'
EARNINGS.—For year ending Dec. 311912, gross,
$42,210; net, $3,539;
other income, $2,447; charges and taxes,
Date.
Cons & ref coll tr
Bonds.—Secured by all the stocks and bonds of constituent companies,
except $2,617,000 underlying bonds (maturing from 1914 to 1933) for pay¬
ment of which
a
ing $10,291,000
like amount of
cons.
& ref. bonds is
reserved.
Remain¬
be issued for add'ns & impts. to constituent coe.
They are guar. p. & i.*by HI. Trac. Co., as are
also sub. co. bonds deposited under this mtge„
All future issues of stocks
and bonds by constit. cos. must be pledged under above coll. trust issue.
V. 96, p. 1422.
Coupon bonds in denom. of $1,000; regis, bonds $1,000,
$5,000, $10,000 or multiples of $1,000.
Sinking fund will retire before maturity about 40% of total bonded debt,
incl. underlying bonds.
may
under certain restrictions.
EARNINGS.—Of constituent cos. for cal. year 1912, gross, $1,629,892;
(after taxes), $732,220.
In 1911, gross, $1,471,783; net (after taxes),
$684,281 —V. 96, p. 1422, 1488.
net
(a) Danville Street Railway & Light.
Controlled by Danville Champaign & Decatur Ry. & Light Co.
ORGANIZATION.—Incorporated in Dec. 1899 as a consolidation of all
the street railway, electric light, gas and steam-heating interests.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,500,000 ($100)-$1,438,000
Refunding mortgage, $700,-1 1900
5 g J-J
676,000 Jan 1 '14-'25
gold ($1,000).
__c*/Int. at Harris, Forbes & Co., N. Y. and Chid.
Danville & Northern mort-l 1904
5 M-S
17,000 Sept 1 1914
gage ($20,000)
:
/Interest at Second Nat.. Bank, Danville.
Consol and ref debs, $7,500,-1 1913
5 M-S
See text Mar 1 1938
000
/Central Trust Co. of III., Trustee.
Bonds.—Ref. bonds are due $6,000 annually Jan. 1 1910 to 1924 inclusive
and remainder on Jan. 1 1925; $24,000 have been retired.
Sinking fund of
$6,000 per year began Jan. 1 1910, bonds being drawn (at par and accrued
int.) in numerical order, beginning with No. 1.
Mortgage trustee is the
Illinois Trust & Savings Bank, Chicago.
V. 76, p. 125.
Of the consol. &
ref. debs, of 1913, $871,000 are deposited under D. C. & D.
Ry. & Lt.M.
$676,000 are reserved to replace underlying bonds and $5,953,000 for cost
of new property.
\
COMPANY'S PROPERTY.—The company owns the following: 1. Gas
works operated under special charter and a perpetual franchise.
2. An
electric-light plant is operated under a 99-year franchise; also has dynamos
for furnishing poAver to street railway.
3. The entire street railway sys¬
tem of the city, 16.37 miles of track, nearly all laid in brick
pavement,
running to three parks, the fair grounds, cemetery and railway depotsland
National Soldiers Home.
Equipped with 50, 60 and 70-lb. Johnson Trails
with 26 motor cars (General Electric) and 12 others.
Furnished electric
current at Westville, Georgetown, Ridgefarm, Indianola and Sidell.
OFFICERS.—Same as those for Danville Urbana &
Champaign Railway
Co.—V. 76, p. 1142, 1300.
'
;---
.
.
(b)
Decatur Railway
& Light Co.
'
Controlled by Danville Champaign & Decatur
Ry. & Light Co.
ORGANIZATION.—Incorporated in Illinois in Dec. 1903, to take over
the property of the Decatur Traction & Electric Co., the Decatur GasJ&
Electric Co. and the Decatur Steam Heating Co.,
owning all the street rail¬
way, gas and electric-lighting business and steam-heating plant in Decatur
and suburbs.
In Dec. 1912 increased its stock from $1,300,000 to
$1,375,000.
STOCK AND BONDS—
Date.
Interest.
*****
Maturity.
$1,375,000
Decatur Gas & Electric Col 1899
5 M-N
240,000
See text
first mortgage
/Int. at Merch. L. & Tr. Co., Chic., Trustee.
Decatur Gas & Elec Co 2d M f 1899
5 J-J
"fl
90,000 Jan*1^1930
$400,000 ($300,000 reserved {Interest at Merchants' Loan & Trust
.Co.,
for above ($1,000), gold-.
Chicago, Trustee.
*■
Dec Trac & Elec 1st M $300,- .1900
5 J-J
212,000 Jan 1" 1921
000 ($500 & $1,000 each)c*
(Int. at Illinois Tr.*& Sav. Bk., Chic., Trustee
Dec Ry & Lt Co 1st & cons Ml\ 1903
5 g J-D 4
743,000 Dec 51 1933
$1,300,000, g ($1,000)
c*f Int. City Tr. Co.,Bost., Tr., & agency in N. Y
Dec Ry & Lt con & ref mtge!
1913
5%
See text Mar 1, 1938
$7,500,000 (red at 105)
/Central Trust Co of 111., Trustee.
Outstanding.
Stock, $1,375,000 ($100)
--
—
29
ELECTRIC RAILWAYS
Sept., 1913.J
Crete'
1
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TOPEKA
Nashville
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KANSAS.
oWaterlc
Hosnser
Kenneth
■—
_
u
MOUNT VERNON
City Properties controlled
King
Carvel
^
Sparta
Ina
Street Railway
c
McLeansboro
Whittington
O
Electric Light
^
Street Railway & Electric Light
.
"
Cabool
;
Bnoc^ / Mackcy
'
Rosebud
Carmi
Elberleld
Clliotl
BENTON
M
Street Railway, Electric Light and Heat
A
Street Railway, Electric Light and Gas
X Street Railway, Electric Light, Gas and Heat
A Electric Light
/SomerviUe
Fort
o
and Gas
CD Electric Current
Little
y OAKLAND CITT
IG udgel
Bonnie
by the Illinois Traction Co.
.
(Princeton/ Jlassey
Iglebart
Johnston City
Murphysboro
Spillertown
o
1
o
*
0
JI MARION
1
|'
°
St. George
Straight Liat JR.
EVAN SV1LLE
Hudgens
Henderson
Goreville
Omar
Sold to Local Companies
MAP
OF
THE
Buncombe
o
Vienna
ILLINOIS TRACTION SYSTEM
EXPLANATION
Interurban
CHICAGO, OTTAWA & PEORIA RAILWAY
SHOWING CONNECTIONS WITH
Marion
Lines
Ekctric Light
Metropoll
Transmissidi lints
CHICAGO 4 EASTERN ILLINOIS RAILROAD
CHICAGO, ROCK ISLAND 4 PACIFIC RAILWAY
TERRITORY
IN
ILLINOIS
U
K
30
ELECTRIC RAILWAYS
Bonds.—$557,000 Decatur Railway & Light Go. first and consols, are re¬
served to retire an equal amount of prior liens as above.
A sinking fund
of 10% of the net earnings, or not less than
1% of outstanding bonds, is
to be invested in the bonds.
Amount
outstanding includes $55,000 bonds
These bonds are subject to call at
107H and int.
interest date upon 60 days' notice.
Of the Decatur Gas & Electric
Co. first mtge. bonds, $15,000 must be redeemed on
May 15 1910 at 105 and
a
like amount each year thereafter in numerical order.
These bonds
are subject to call at
105 and interest.
The second mtge. bonds of the
held in sinking fund.
[Vol.
xcvii.
33 m. of trolley; 70, 75 and 80-lb. rail.
Operates 30 cars.
OFFICERS.—Pres., W. B. McKinley, Champaign,111.; V.-P., Chas.
Zillv, Champaign; Sec., E. A.MacNutt, Montreal; Treas., G. M. Mattis.
—V. 81, p. 728; V. 82, p. 101; V.
90, p. 915, 978.
on any
Decatur Gas & Electric Co.
but there is
red. at
for
102H
redeemable at any time at 105 and int.,
sinking fund on these bonds.
General mtge. bonds are
and int. on any int. period.
Remaining bonds are reserved
are
no
extensions.
Int.
payable at agency of Merch. Bk. of Can., N. Y.
They are unconditionally guar., p. & L, by end., by 111. Trac. Co.
V. 91,
p. 38.
Of the Dec. Ry. & Lt. consol. & ref. bonds $675,000 are deposited
under the Danv,. Champ. & Dec. Ry. & Lt. consol. & ref.
mtge.
$1,300,000
are reserved to retire underlying bonds and
$5,525,000 for new construction.
ROAD.—Operates about 15 miles standard-gauge road in Decatur and
suburbs; 60 and 72-lb. T rails.
23 motor cars and 16 others.—V. 91, p. 38;
V. 92, p. 322.
(c) Urbana & Champaign Railway, Qas & Electric Co.
Controlled by Danville Champaign & Decatur Ry. & Light Co.
ORGANIZATION.—A consolidation in 1897 of Urbana & Champaign
Electric Street, Champaign Electric Light & Power,
Champaign & Urbana
Gas Light & Coke and West End Park companies.
Owns perpetual gas
steam charter.
The underlying railroad charter is also
and
Franchise in
In Dec.
1901 extended for 20 years.
1912 increased its stock from $500,000 to $700,000.
STOCK AND BONDS—
Date.
Interest.
Stock, $700,000
U & C Ry G & E M
$250,000/ 1897
Consol
$500,000/ 1899
Outstanding.
$700,000
perpetual.
Maturity.
-
5 g J-D
138,000 June 1 1917
gold sink fund $8,000 yrlyjlnt. at Illinois Tr. & Sav. Bank, Chic,. Trus.
June 11900&aft($l,000).c*l
or at Chase Nat. Bank, New York City.
mortgage,
5 g J-J
354,000 July 4 1929
($1,000, gold
.CIlint, at Portland Tr. Co., Portland, Me.,Trus
U & C Ry G & E consol andl
1913
5 M-S
See text Mar 1 1938
ref debs $4,000,000.
Central Trust Co., Chicago, Trustee.
.
Bonds.—Of the consol. mtge. bonds, sufficient are reserved to retire first
mortgage bonds
The bonds
.
are
subject to call
on any
interest day at 105
Of the U. & C. Ry., G. & E. consol. and ref. debs., $541,000 are deposited
under D. C. & D. Ry. & Lt. consol. & ref. M., $500,000 are reserved
retire other bonds and $2,959,000 for additions and improvements.
ROAD.—Operates 12.60 miles of track in and between Champaign and
Urbana.
Has 20 motor cars and 8 others.
interurban
(7)
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
$150,000
•
29,000
See text.
1909
5 J-D
92,000
See text.
($1,000)
(Central Tr. Co. of 111..Trustee. Int. in Chic.
Consolidated and refunding! 1913
5%
See text Mar 1 1938
mortgage
-/Central Trust Co. of Illinois, Trustee.
Bonds.—First mortgage bonds mature $2,000 to $4,500 annually on
May 1 until May 1 1920.
$27,000 retired up to Sept. 1913.
Of 1st consol.
mtge., $36,000 are reserved for prior bonds and $72,000 are for new con¬
struction.
Bonds mature on Mar. 1 yearly from 1918 to 1927;
They
are guar, by Illinois Traction Co.
V. 89, p. 167.
The entire outstanding
amt. ($5,000) of consol. & ref. bonds are deposited under Danv. Cham. &
Dec. Ry. & Lt. mortgage.
.
■
OFFICERS.—Pres., w. B. McKinley; Sec., B. A. MacNutt; Treas.,
Geo. M. Mattis; Gen. Man., M. H. Chubbuck.—V. 89, p. 167.
Stock
$150,000--.
First mtge $56,000 ($500)-.c.
First consol mtge $200,000/
1903
5 M-N
Jacksonville Railway & Light Co."
(4)
-
ORGANIZATION.—Incorporated in Maine in Dec. 1905 and is a con¬
solidation of the Jacksonville Ry. Co. and the Jacksonville Gas Light &
Coke Co.
Franchise perpetual.
STOCK AND BONDS—
Stock, $500,000
Date.
Interest.
($100)--.
Outstanding.
$500,000
Jacksonv Gas Light &
Co first mortgage."
Cokef
&
Champaign Ry.
offered the 1st and ref. bonds for sale.
Y. 89, p. 42.
Favorable Decision.—On Oct. 26 1911 the Illinois State Supreme Court,
reversing the Circuit Court, held that the City Councils could not grant a
franchise to the Peoria Ry. Term. Co. over streets to which the Peoria Ry.
already held a franchise.
V. 93,
p.
1535.
-
_
retire
prior liens and $371,000 for additions and improvements at 75% of
$290,000 have been retired.
They are guar., p. & i., by endorsement
by Illinois Trac. Co.
This guaranty is a prior obligation to the stock of the
111. Trac. Co.
The bonds are secured by the first mtge. upon all the proper¬
ties and franchises of the Peoria Ry. Co., now owned or hereafter acquired,
subject only to the $570,000 underlyihg bonds of the Central Ry. Co.
The
trustee is the Illinois Trust & Sav. Bank, Chicago, 111.
The bonds expire
on Feb.
1 as follows: $25,000 in 1908, $30,000 in 1909, $35,000 in 1910,
$55,000 in 1911, $60,000 in 1912, $65,000 in 1913, $70,000 in 1914, $75,000
in 1915, $80,000 in 1916, $85,000 in 1917, $95,000 in 1918, $100,000 in 1919,
$105,000 in 1920, $110,000 in 1921, $115,000 in 1922", $120,000 in 1923,
$125,000 in 1924, $130,000 in 1925, and the remaining $750,000 in 1926.
They are subject to call on any interest date at 105 and interest. See
V. 83, p. 38, 436; V. 89, p. 42; V. 90, p. 560.
ROAD.—Owns and operates 52 miles of standard-gaugq track, 90 motor
cars, 40 other cars.
Also owns valuable property near the centre of city and
considerable other real estate, including several amusement parks, estimated
to be worth $500,000.—V. 90, p. 560;
V. 92, p. 1500; V. 93, p. 1535.
cost;
(6) Topeka Railway Co.
ORGANIZATION.—Incorp. under general railway laws of Kansas in
,
1892;
in 1903 absorbed the Vinewood Park Ry., and made a new mtge. for
$1,250,000.
On June 4 1903 obtained a new 30-year franchise, running from
that date, with the provision that $400,000 be expended within 3 years on
the system.
Also has secured franchises in perpetuity on county roads now
occupied, with privilege of hauling freight.
City agrees never to reduce
rates to where company will earn less than 10% on stock.
The city is to
receive 10% of earnings remaining after 10% has been earned.
Upon ex¬
piration of fianchise city has the right to acquire the property, but not
before.
V. 76, p. 866, 1302.
Kansas Ry. & Light Co. (holding company) has $1,448,000 temporary
bonds out, due 1935.
V.92, p. 1243.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,250,000 ($100)
$1,250,000 f.p
First mtge, $1,250,000, gold/ 1904
5 g J-J
1,175,000
Jan 1 1930
($1,000)
c*[Int. at Cont.& Comm.Tr.& S.B.,Chic.,Trus.
Bonds.—Remaining bonds are reserved for 80% .of cost of new power¬
house and for betterments and additions.
Fifteen bonds per annum, be¬
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.
$60,000 have been retired.
A
sinking fund began Jan. 1 1910, which is sufficient to retire $15,000 per
annum
at
105 and interest.
way
except through cities
Bank of Canada, New York.
motives.
(8)
Danville Urbana & Champaign Ry.
ORGANIZATION.—Incorporated in Illinois under the railroad law on
Owns the Danville Paxton & Northern Ry. Mostly private
July 28 1902.
right of way,
STOCK AND BONDS—
•
Date.
Interest.
Outstanding.
Stock $2,000,000
First
mortgage
$1 ,OO0)
gold
c*
Maturity.
$2,000,000
2,000,000 Mch. 1 1923
—
$2,000,000/
1903
5 g M-S
guaranteed] Interest at Agency of Bank of Montreal ,N.Y.
[
Northern Trust Co., Chicago, Trustee.
mortgage
$500,0001 1905
6 g J-J
342,000
See text.
gold ($1,000) serial
c*/Int. at Agency Merchants' Bk. of Can., N.Y.
General mortgage bonds
6%
430,000
Second
,
Bonds.—The first 5s have no sink, fd., but are subj. to call on any int. date
90 days' notice at 105 & int. The bonds are guar., p. & i., by end. by
Danv. St. Ry. & Lt. Co. and Urbana & Champaign Ry., Gas & Elec. Co.
V. 81, p. 264.
The 2d 6s mature $50,000 on Jan. 1 1908 and $50,000 each
upon
Jan. 1 thereafter.
The $50,000 due on Jan. 1 1908 and $50,000 due Jan. 1
1909, as well as $42,000 of the $50,000 due Jan. 1 1911, were extended,
$158,000 have been retired.
They are subject to call at par on 30 days'
notice.
Are guar., p. & i., by 111. Trac. Co.
Trustees are Montreal Tr. &
Dep. Co. and Thos. Fyslie.
ROAD.—Operates 70.1 miles of track over private right of way, connect¬
ing the cities of Danville, Urbana and Champaign, with branches from Dan¬
ville to Georgetown and Ridge Farm; Danville to Catlin and Ogden to
Homer.
70-lb. rails.
Has 23 motor cars, 10 electric locomotives and
164 miscellaneous
cars.
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.
Illinois Central Traction Co.—A trolley road.
(9)
ORGANIZATION.—Incorporated In Illinois
Mostly private right of way.
in
STOCK AND BONDS—
Outstanding.
1903
under
general
railroad laws.
Stock-.
Date.
Interest.
$1,100,000
-
Maturity.
_
$2,000,000 ($1,-1 1903
5 g J-D
1,469.000 Dec
11933
000) gold, guar
c*J Interest at City Trust Cq., Boston, Trustee
Temporary general mortgage.
5 & 6
570,000 1929 & 1931
Bonds.—Are subject to call on any interest date on 60 days' notice at
1st
mtge,
107H and int. Are guaranteed, p. & L, by Illinois Traction Co.
V. 82,
804.
A. sinking fund of 10% of net earnings became operative Dec. 1
1908, but not to be less than 1 % of bonds outstanding.
p.
an
ROAD.—Operates 45.5 miles of track from Decatur to Springfield, with
extension from Buffalo to Mechanicsburg; 70-lb. rails.
Has 11 motor
1 electric locomotive and 53 miscellaneous cars.
cars,
OFFICERS.—Pres., W. B. McKinley;
Sec., E. A. MacNutt; Treas.,
V. 82, p. 804; V. 84, p. 339.
Geo. M. Mattis; Gen. Mgr., M. E. Chubbuck.
.'(10)
Illinois Western Railway Co.
Capital stock, $500,000, all owned by 111. Tract. Co.
Springfield to Jacksonville, 111.
Work
Sept. 1912 and has not yet been resinned.
of road from
In Dec. 1912 increased its stock from $1,000,000 to $1,010,000.
STOCK AND BONDS—1
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,010.000r~—
$1,010,000
Central
Ry first mortgage,/ 1895
5 g A-0
570,000 Apr 1 1915
$750,000, gold ($l,000)-c*[lnt. at New York Trust Co., N.Y., Trustee.
First & ref mtge, $3,600,000,/ 1906
5 g F-A
2,369,000 See text.
gold ($1,000)
c*\Interest payable in New York.
General mortgage—
1909
5%
630,000
1926
Bonds.—Of the $3,600,000 first and ref. bonds, $570,000 are reserved to
private right of
ROAD.—Owns and operates 97 miles of track (89 miles, main line; 8
miles sidings) extending from Bloomington through Decatur to
Champaign
and Urbana.
60 and 70-lb. rails.
Standard gauge.
187 cars and 2 loco¬
Peoria Railway Co.—A trolley road.
(5)
on
_______
5 J-J
ORGANIZATION.-—Incorporated under general railroad laws of Illinois
in 1906 and is successor to the Central Railway Co.
Has acquired, ownS
and controls all street railway lines in Peoria and outlying suburbs of Avery•ville, Peoria Heights and East Peoria.
The entire stock is controlled by
the Illinois Traction Co.
N. W. Halsey & Co., New York and Chicago,
Operates
Outstanding.
Maturity.
Common, $3,000,000
$3,000,000
Preferred 5% ($637,500)
637,500
1st & ref mtge, $15,000,000, gf 1910
5 g M-N
1,500,000 Nov 1 1940
($1,000 coup & $1,000 or/Interest at Illinois Trust & Savings Bank,
multip reg.) gu p&l_c*&r*1
Chic., Trustee, or Chase Nat. Bank, N. Y.
General mortgage—
J 1910
5 M-N
953,000 Nov 1 1940
[Central Trust Co. of Illinois, Trustee.
Stock.—Of the $637,500 pref. stock out, $412,500 is Series "A" and
$225,000 is Series "B."
Bonds.—Of the $13,500,000 "1st & ref." bonds reserved for various
pur¬
poses, $6,853,000 are reserved fcr acquisitions of two connecting interurban
roads (Danville Urbana & Champaign and Illinois Central Trac.),
$953,000
to redeem the general mtge. bonds, $433,000 to
replace general mtge. bonds
issued ip the future and $5,261,000 for 80% of cash cost of additions and
improvements.
These $5,261,O0O bonds, excepting $500,000 (issuable at
any time for 80% of cost of additions and improvements) can be Issued
only when the preceding 12 months' gross earnings have equaled five times
and net earnings 1 % times the interest charge on all bonds outstanding and
those proposed to be issued.
Bonds are unconditionally guar., p. & L, by
Illinois Trac. Co.
They are redeemable at 105 on any int. date.
V. 92,
p. 259.
Int. on general mtge. bonds is payable at office of Merchants'
Maturity.
160,000
Jan 1 1931
[Int. at Merchants' Loan & Tr. Co., Chicago.
Bonds.—Of the $1,000,000 1st consols, $160,000 are reserved for prior
liens.
Are guar., p. & L, by Illinois Trac. Co.
2% of bonds out is payable
annually to a sinking fund.
Are sub. to call on any int. date at 105.
Int. at
Merchants' Bank of Canada, N. Y.
$20,000 Jack. Gas L. & C. retired.
ROAD.—Operates about 7.65 miles of track and also does electric lighting
and gas business in Jacksonville.
14 motor cars and 9 others.—V. 95, p.
1542.
'
r
RR.
in Illinois
and towns (8 miles) where franchises extend to or
beyond 1953.
In Dec. 1912 increased its pref. stock from
$525,000 to $637,500.
STOCK AND BONDS—
Date.
Interest.
Jack Ry & Lt 1st cons
mtge,/ 1906
5 g J-J "
573,000
Jan 1 1931
$1,000,000,gu,g ($l,000)c*[Central Trust Co., Chicago, Trustee.
roads.
Decatur & Champaign
on Nov. 29 1910 as a con¬
solidation of the Chicago Bloomington & Decatur
Ry. and St. Louis Decatur
to
(d) Urbana Light, Heat & Power Co.
Controls the electric lighting and steam-heating business of Urbana.
In Dec. 1912 increased its stock from $100,000 to $150,000. Entire stock
is owned by Illinois Traction Co.
Bloomington
ORGANIZATION.—Incorporated
(11)
Is building 35 miles
discontinued in
was
St. Louis Springfield & Peoria RR.
ORGANIZATION.—Incorporated in Illinois Dec. 1 1909
as a
consolida¬
tion of the St. Louis & Springfield Ry., the St. Louis & Staunton Ry., the
Tri-City Trac. Co. and the St. Louis & Northeastern Ry.
Operates on
private right of way except through cities and towns (about 17 miles), where
franchises extend to or beyond 1953.
In 1911 acquired the Springfield
Belt Ry.
Ip 1912 acquired the Peoria Lincoln & Springf. Ry. Co., the Peoria Bloom.
& Champaign Trac. Co. and the Terminal Power Co.
Also leases for 40
years from 1912 the Springfield & Northeastern Trac. Co.
Has long-time contracts for use of bridge and terminals of St. Louis Elec¬
tric Bridge Co. and St. Louis Electric Terminal Ry., enabling it to operate
directly into St. Louis.
In Dec.
1912 increased its pref. stock from $2,400,000 to $2,572,000.
STOCK AND BONDS—
Date.
Interset.
Common
Pref.
$5,450,000 ($100)
$2,572,000 ($100) 5%---
1st & ref mtge
$15,000,o6o gf 1909
5 J-D
Outstanding.
$5,450,000
2,572,000
•
Maturity.
—
3,198,000 Dec
11939
($1,000 coup & $1,000 or]Illinois Trust & Sav Bk, Chicago, trustee
multiples reg.)
c*&r* [Interest In New York, Chicago or London.
St Louis & Springfield 1st M\ 1903
5 g J-D
451,000 Dec 1 1933
($1,000) sf gold guar __c*_/Interest at City Trust Co., Boston, trustee.
St LSp&P
UJJOOX
gen ATX
M $15,000,000.
5%__
* 3,951,000
1939
1906
5 g M-N
Peoria Bloomington & Cham
280,000 Nov 1 1936
Trac 1st M $3,000,000 gold Int'. at agency Merch. Bk. of Candaa, N. Y.
($1,000)
c*[
Central Trust Co., Chicago, Trustee.
Bonds.—Of the $11,802,000 "1st & ref." bonds reserved for various pur¬
UU
JU
_
$500,000 are reserved for acquisition of Springfield & Northeastern
Trac.. $715,000 to retire prior liens, $3,788,000 to redeem the general mort¬
poses,
gage
bonds and $6,799,000 for 80% of cash cost of additions and impts.
$6,799,000 bonds, excepting $500,000 (issuable at any time for 80%
impts.) can be issued only when for the preceding
These
of cost of additions and
have equaled five times and net earnings 1 % times
bonds outstanding and those proposed to be issued.
int. date.
Bonds are unconditionally guar.,
p. & L, by Illinois Trac. Co.
V. 90, p. 304; V. 95, p. 177.
Are listed on
Chic. Stock Exch.
St. Louis & Springfield 1st M. bonds are subj. to call
on any int. date on 60 days' notice at 107H & int.
Are guar., p. & L, by
111. Trac. Co.; $68,000 of bonds held in s. f.
Peoria Bloom. & Cham. Tr. 1st M. bonds are guar., p. & i., by 111. Trac.
Co. They are subject to call on any interest date at 105 on 30 days' notice.
12 months gross earnings
the interest charge on all
Redeemable
at
105
on
any
ROAD.—Extends from Venice, opposite St. Louis, to Peoria and Bloom¬
ington, with branch from Staunton to Hillsboro.
Trackage, 215 miles
main line, 10 miles belt line, 21 miles sidings; total, 246 miles, of which
31.88 are leased.
Standard gauge.
Owns 411 cars and 4 locomotives
and leases 52 cars.—V. 94, p. 1120; V. 95, p. 177, 237.
(a)
Springfield & Northeastern Traction Co.
■■■
Lease.—Is leased to St. Louis Springf. & Peo. RR. for 40 yrs. from 1912.
(2)
ORGANIZATION.—SI,460,500 of stock U owned by Illinois Traction
Mostly private right of way.
Co.
Interest.
Date.
STOCK AND BONDS—
Stock
$1,500,000
800,000 Dec 1 1936
Int. at agcy. Merchants'Bk.of Can., N. Y.
gold
Central Trust Co. of Illinois, trustee.
Bonds.—Bonds are guar., p. & i., by end. by 111. Trac. Co.
Callable on
any int. date on 4 weeks' notice at 105.
No sinking fund.
1906
($1,000)
c*
5 g J-D
ROAD.—Operates 31.8 miles of track, from Springfield to Lincoln.
cars.
Y. 85, p. 655.
Has
27 trail
OTHER PROPERTIES AND ROADS UNDER CONSTRUCTION.
ROAD.—Operates 9 miles of track in Cairo, together with the electric
Danville & Eastern Illinois Ry.
(12)
connect with
Terre Haute
In Sept. 1907
Is building from Danville to Indiana State line, 7 miles, to
Indiana Interurban roads.
3 miles have been completed. At
connection will be made with Indiana interurban roads.
increased stock from $5,000 to $500,000. V. 85, p. 722. Temporary
to the amount of $50,000 (5%) are outstanding, due 1927.
bonds
(13) Danville & Southeastern Ry. Co.
($1,000)
•
coal
.
Guaranteed,
OFFICERS.—Same
as
those for Illinois Central Traction Co.
Des Moines Electric Co.
(14)
ORGANIZATION.—Purchased by Illinois Trac. Co. July 1 1909.
First
mtge. gold 5s, auth. $5,000,000 ($1,000); outstanding, $1,817,000; date,
1908; due Nov. 1 1938; int. (M.-N.) at Amer. Trust Co., Boston; subject to
call after Nov. 1 1914 at 105.
Sinking fund, 1% 6f bonds Nov. 1 1914-21;
1H% 1926 to 1931; 2% 1931 to 1937.
The Des Moines Ry. & Lt. Co.
(holding cb.) has $838,000 (5% J.-J.) temp, bonds outstanding, due 1935.
Electric Co.
Supplies light and power to Edwards¬
ville, Granite City, Venice and Brooklyn.
In Dec. 1912 increased its stock
from $100,000 to $335,000.
Stock all owned by Illinois Traction Co.
STOtJK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
-------$335,000
f 1906
5 g J-D
503,000 Dec 1 1936
c*{Int. at agcy. Merchants' Bk. of Canada,N.Y.
{
C entral Trust Co. of Illinois, Trustee.
and i. by Illinois Traction Co.
Can be called on
any int. day at 105.
No sinking fund.
$335,000..
1st mtge $1,000,000 ($1,000)
gold
Bonds.—Guar.
p.
four weeks' notice on
.
Galesburg Railway & Light.
(4)
Date.
STOCK AND BONDS—
105 and-int;
new
$1,500,000 issue is subject to call on
sinking fund;
no
Topeka Edison Co.
(17)
ORGANIZATION.—On Mar. 1 1910 Illinois Trac. Co.
purchased prop¬
$15,000
per annum,
March 1907 in Maine and owns all the
capital stock of the following:
Jefferson City Lt., Ht. & Power Co.
Atchison Ry. Lt. & Power Co.
Mound City Light & Water Co.
Cairo & St. Louis Ry. Co.
Marseilles Water & Light Co.
Cairo Ry. & Light Co.
Northern Illinois Light & Trac. Co.
Central lighting Co.
Quincy Railway Co. >
Chicago Ottawa & Peoria Ry. Co.
Citizens' Ltg. Co. of La Salle & Peru. Wichita RR. & Light Co.
Galesburg Railway & Light Co.
Western Railways & Light, with the Illinois Traction, will furnish through
service between Chicago and St. Louis when Chicago connection is com¬
V.90,p.238.
pleted.
•
Bate.
STOCK AND BONDS—
Common
($100).
Pref., $3,500,000 ($100) cum
Debenture bonds—
*
6 Q-J
Outstanding.'Dividends.
$4,521,800
3,169,000
See text.
1,344,735
,—.—
Stock.—Before auth. amount of pref. stock can be increased, surplus earn¬
ings above expenses and int. for previous year must
be equal to 9%
on
all
pref. stock issued and to be issued.
V. 90, p. 238.
Dividends have been paid on pref. since organization.
REPORT.—Of
companies for calendar years.
Report for
In 1911 rev. pass, carried, 22,552,247, against
controlled
1912 in V. 96, p. 1223.
21,009,804 in 1910.
Earnings—
„
Interurban
1912.
1911.
$430,679
$373,920
925,105
340,659
362,052
27,619
919,569
Street railway.Gas
354,703
528,942
33,367
Electric light and power
Steam heat, water, &c__
.
earnings
$2,267,260
aft.tax,&c.
$873,001
$2,029,355
$773,913
bonds, &c_.
$536,399
$474,691
Preferred dividends—.
160,035
142,260
Gross
Tot. net
rev.
Interest
on
1910.
1909.
$353,198
839,956
210,859
251,878
23,810
$1,679,701
$620,119
$356,488
134,700
gen¬
Quincy Railway!Co.
(5)
Stock, $1,000,000
Bonds, $1,000,000
1937._
-
ik-
Interest.
• ■
.,m
Outstanding.
Maturity.
—(?)
—
$935,000
1912
ROAD.—Operates 18.45 miles of track;
51 cars.—V. 94,
p.
1628.
Wichita^Railroad & Light.—Trolley.
(6)
ORGANIZATION.—Chartered May 1 1900 for 30
Street rail¬
years.
franchise expires 1933, lighting in 1919.
In 1910 entered into a con¬
tract, extending for 20 years, for purchase of power from Kansas Gas & Elec.
Co.
On Sept. 29 1911 increased auth. stock from $300,000 to $1,500,000.
On Oct. 24 1911 Public Utilities Comm. granted authority to issue $165,000
bonds.
V. 93, p. 1192.
way
STOCK AND BONDS—
Date.
Stock, $1,500,000 ($100)
Interest.
Outstanding.
Maturity
$300,000
—
$300,000? 1900
mortgage,
First
5 g A-O
300,000
Oct 1919
^c\lnt. at Portland Tr. Co., Portl'd, Me., Trus.
gold
1,031,000 Oct 1 1932
call at 105 on 6 months' notice.
5 g A-O
32 miles of trolley track in Wichita, Kam, including
double-track bridge over the Arkansas River and extensions to Wonderland
Park and Fair Grounds; 75 cars.—V. 93, p. 941, 1192.
ROAD.—Owns
that control the Illinois Traction Co.
ORG ANIZATION.—Incorporated
int. date at
any
Owns power-house,
ORGANIZATION.—Incorp. in Illinois in 1912 as successor to the Quincy
Horse Ry. & Carrying Co.
V. 94, p. 1628.
Does entire (electric) street railway business in Quincy.
Principal fran¬
chise is unlimited, granted in 1865, and exclusively for 50 years.. Other
"
Controlled by same interests
cars.
erating current for both the street railway and electric-light plant, and also
Supplies 200 commercial cars.
4,488 gas meters in
use.—V. 78, p. 2384.
New mtge., $1,500,000, gold. 1907
Bonds.—1st M. bonds are subject to
CO.'
41
does steam heating.
($1,000),
$60,000 have been retired.
payable Dec. 15.
WESTERN RAILWAYS & LIGHT
Maturity.
$350,000 is reserved for the prior liens.
ROAD.—Has 17.57 miles of track.
"st6C!^AND"T^N&S—Date.
erty.
Operates electric-light and steam-beat plant in Topeka, Kan. Bonds
auth., $1,250,000; out, $835,000; dated 1905, due Sept. 1 1930; int. (5%).
J.-J. at Cont. & Comm. Tr. & Sav. Bank, Chicago, trustee.
Sinking fund
Outstanding.
$1,500,000,/ 1904
mortgage,
franchises mature from 1922 to
St. Louis Electric Bridge Co.
(16)
ORGANIZATION.—Incorporated in Jan. 1907.
Owns a bridge from
Salisbury Street, St. Louis, to Venice, 111.
In April 1909 company in¬
creased capital stock from $2,500 to $1,000,000.
V. 88, p. 946.
Stock all
owned by Illinois Traction.
For franchise provisions, see V. 85. p. 100.
Construction was started in Oct. 1907 and oridge was formally opened
on Nov-10 1910.
V. 85, p. 100; V. 88, p. 946; V. 91, p. 1328.
First (temporary) mtge. gold (3% to 5%)„auth., $3,000,000 ($1,000);
outstanding, $2,542,000; date, 1909; due 1929 but subject to call on any
int. date at par.
Int. (M.-S.) at Merchants' Bank of Canada, Montreal.
Interest.
$1,000,000
5 g J-J
1,150,000 July 1 1934
gold ($1,000)
cllnt. at Portland Tr. Co., Portl'd, Me., Trus.
Galesburg Gas & Elec Lt first/ 1899
5 g A-O
350,000 April 1 1919
mtge, $350,000 ($l,000)--c\lnt. at Portland Tr. Co., Portl'd, Me., Trus.
Stock, $1,500,000 ($100)
New
Granite City-Venice
Stock
Maturity.
—
ORGANIZATION.—Incorporated in Maine in 1904, and is a consolida¬
tion of the Galesburg Electric Motor & Power Co. and the Galesburg Gas &
Elec. Light Co.
Franchises expire in 1920.
In 1910 a new gas franchise
was granted for 30 years.
Bonds.—The
consolidation in 1906 of the Edwardsville Light & Powef Co. and the
a
Outstanding.
""HOAD.—11.37 miles of track completed and in operation; 8 cars.—V.
Madison County Light & Power Co.
(15)
Is
Interest.
g-.c&r? 1908
$250,000,
88, p. 293.
rails.
70-lb.
district.
Date.
—
$100,000
5 g M-N
250,000 Nov 1 1938
lPortl'd(Me.)Tr.Co.,Trus.,&F.D.Lunt,Portl'd
Bonds.—Coupon bonds are in $1,000 pieces and registered in any desired
amount.
Int. at Portland (Me.) Tr. Co.
No s. f. and not subject to call.
First mtge,
ROAD.—Operates 7 miles of road from Danville City limits to Grape
Creek
Cairo & St. Louis Ry.
(3)
ORGANIZATION.—Incorporated in Illinois Oct. 1908 to construct a
Louis.
Has a 50-year franchise in Cairo, Mound
City and Mounds.
STOCK AND BONDS—
$100,000 gold, ) 1909
5 g J-J
$60,000 July 11929
;
c&r/Int. at Central Trust Co., Chicago, trustee.
Bonds.—Subject to call at 105 and int. on any int. date.
p. & i., by Illinois Traction Co.
'
Stock, $100,000-
Interest.
Outstanding.
Maturity.
All owned by Illinois Traction Co. ■
Date.
Stock
First mortgage
lighting and power plant.
24 cars.
Furnishes city with 119 arc and 196
incandescent lights; also supplies 40 commercial arcs.—V. 88, p. 293, 374.
line from Cairo to East St.
ORGANIZATION.—Incorporated in Illinois on Jan. 14 1909.
STOCK AND BONDS—
Cairo Railway & Light Co.—A trolley road.
ORGANIZATION.—Incorporated on Oct. 5 1908 in Maine to take over
the properties of the Cairo Elec. & Trac. Co. and the Cairo City Gas Co. V.
88, p. 293, 374.
The Cairo Elec. & Trac. was a consolidation of the Egypt
Electric Co. and the Cairo Elec. Light & Power Co.
4
STOCK AND BOND&—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 ($100)
All owned by Western Rys. & Light Co.
Cairo Ry& LtM $1,000,000 g
1908
5 g J-D
$775,000 Dec 11938
C E & T 1st M, $150,000, g/ 1903
5 g J-D
150L000 June 1 1923
($500 and $1,000)
c\Int. at Central Trust Co., Chicago, Trustee.
Cairo City Gas Co $75,000 gold 1903
5 g J-D
75,000 June 1 1923
Bonds.—C. E. & T. bonds subj. to call on any int. date aft. 10 yrs. at 105.
Maturity.
Outstanding.
$1,500,000
1st mtge $1,500,000
31
ELECTRIC RAILWAYS
Sept., 1913.J
$302,893
781,386
188,857
247,471
27,807
$1,548,414
$591,154
o $269,427
116,987
Chicago Ottawa & Peoria Railway Co.
(7)
ORGANIZATION.—Bought outright in
Operates largely
mature
on
private right of way,
1909 the Illinois Valley Ry.
Franchises in various towns
mostly after 1950.
STOCK
'
AND^BONDS—
Date.
Interest.
Outstanding.
Maturity.
All owned by Western Rys. & Light Co.
guar,/ 1907
5 g J-D
$2,723,000
Dec 1 1938
($1,000)
(Central Trust Co. of Illinois, Trustee.
Gen mtge, $1,500,000 guar, gdj 1910
6 g J-D
See text
Dec 1 1938
($1,000) sub. to call at par cllnt. at Merchant?' Bank of Canada, N. Y.
Illinois Val 1st M, $2,000,000/ 1905
5 g M-S
1,304,000 Sept 11935
g ($500 & $1,000), guar._c\Int. at Irving Nat. Bank, N. Y. City.
Bonds.—Ch. Ott. & Peo. 1st M. bonds are guar., p. & i., by Western Rys.
& Lt. Co.
$1,500,000 are reserved for prior liens.
They are subject to call
on any int. day on 30 days' notice at 105.
Int. at Merchants' Bank of Can¬
ada in N. Y. City.
Illinois Valley bonds have a sinking fund of 1^% per
annum of amount out;
mtge. was originally $2,000,000, but on merger with
Chic. Ott. & Peoria the $500,000 unissued was canceled;
$196,000 have
since been retired.
Bonds are guar., p. & i., by Western Rys. & Lt.
Portland (Me.) Trust Co. is trustee.
Are subject to call at 105.
Gen.
mtge. is guar., p. & i., by Western Rys. & Lt. Co.
$768,000 were issued,
but have been canceled.
Stock
First cons and ref mtge,
$5,000,000
EARNINGS.—For calendar year 1912, gross, $373,874;
1911, gross, $319,380;
In
net, $118,352.
net, $64,519.
ROAD.—Operates from Princeton, 111., via Peru, La Salle, Utica, Ot¬
and Morris to Joliet, about 107 m., with branches
tawa, Marseilles, Seneca
from
Spring Valley to Ladd and from Ottawa to Streator, 16 m.; total,
m.
Road from Morris to Joliet was placed in operation in Dec.
about 123
1911;
85 cars —V. 87, p. 812;
V. 92, p. 1374; V. 97, p. 520, 594.
WINorthetrTJllinois Light & Traction Co.—A trolley road.
$128,931
$204,740
renewals and betterm'ts.
ORGANIZATION.—Incorporated in Illinois and was successor in July
Power Co., sold under foreclosure.
Fran¬
perpetual for lighting and until March 1924 for railway.
Has contract
for city lighting.
Western Rys. & Light Co. owns all the stock.
ROAD.—City lines constitute 93.36 miles of track, interurban lines com¬
prise 103.02 miles; total of all lines, 196.38 miles of track.
City lines have
173 motor and 52 other cars.
Interurban lines have 45 motor and 45
other cars.
On Dec. 31 1911 companies were supplying 798 arc and 119,367
incandescent lights.
9,725 gas meters were in use.
8 power houses, with
33 generators, total capacity 12,340 k. w.
In Sept. 1913 increased cap. stock from $250,000 to $750,000.
V. 97,
p.729. .
Date.
Interest.
Outstanding.
Maturity.
STOCK AND BONDS—
Stock, $750,000 ($100)-.---- —-$250,000 ——
First mtge, $1,200,000, gold? 1903
5 g J-J
*607,000 July 1 1923
($500 and $1,000)-c*\Int. at American Tr. Co., Boston, Trustee
OFFICERS.—Pres., W. B. McKinley, Champaign; V.-Pres., Geo. F.
Duncan, Portland, Me.; V.-P. and Gen. Mgr., H. E. Chubbuck, Peoria,
111.; Sec., E. A. MacNutt, Montreal; Treas., Edward Woodman, Portland,
Me.; Asst. Treas., W. H. Carnahan, Champaign.—rV. 87, d.814; V. 90, p.
238; V. 94, p. 280; V. 95, p. 233; V. 96, p. 1223; V. 97, p. 730.
of these bonds are guar., p. & i., by endorsement, by
Rys. & Light Co.
and bonds cannot be called.
Remaining bonds
are4)for additions, extensions and new properties.
ROAD AND PLANT.—Operates 6.5 miles of line, covering the principal,
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 Chautau¬
qua Park.
Equipment, 8 motor and 3 other cars.
Has both steam and
water-power plants for generating power, which can be operated independ¬
ently if necessary.
Is supplying 167 enclosed arc lights under city contract
and 107 for commercial lighting.
1903 to the Ottawa Ry., Light &
Balance, surplus
$176,567
$156,962
Durihg 1912 $321,060 was expended for maint.,
(1)
Atchison Railway, Light & Power Co.
ORGAN IZATION.—Successor in 1895 of the Atchison Ry.
Co.
Elec. L. & P.
Controls electric railway, lighting and gas properties of Atchison.
1910 shareholders voted to increase stock from $900,000,
On Oct. 4
of
$400,000 was pref., to $1,500,000, all of one class, and to make a mtg.
$1,500,000, of which $750,000 was issued immediately, to take up
$400,000 pref. stock, retire prior bonds, and for improvements, &c.
V. 91,
p. 1024, 1094, 1628.
In April 1912, the rates for lighting having been satisfactorily adjusted
between the city and the company, the proposed bond election for the erec¬
tion of a municipal plant was rescinded.
V. 94, p. 982.
which
for
STOCK AND BONDS—
Date.
Stock, $1,500,000 ($100)
First mtge $1,500,000—
Interest.
—
1910
5%
Outstanding.
Maturity.
(?)
"/ $750,000 Nov
—
1935
ROAD.—Operates 9.84 miles of track.
23 cars.
Supplies city with
104 arc lights and 135 incandescent lamps; also 14 arcs for commercial
lighting; 2,557 natural gas meters in use.—V. 91, p. 1024,1094,1628; V. 94,
p. 982.
chise
•<
♦All but $265,000
Western
Bonds.—No sinking fund
1912, gross, $189,020;
$121,593; net, $61,567.
Y. 97, p. 729.
EARNINGS.—For calendar year
In 1911, gross,
net, $90,485.
(9)KCentrallLighting Co.
ORGANIZATION,
&C.—Stock auth.
and out, $100,000
by^Western Rys. & Light Co.
Coll. trust bonds
$250,000 gold ($1,000).
Date 1902, due July 1 1922.
payable atiPortland Trust Co., Portland, Me., trustee.
owned
(10)
($100);
all
auth. and out,
Int. (5 g J.-J.)
JMarseilles^Wateii&lLteht! Co.
ORGANIZATION, &C.—Incorp. in^Hlinois in 1910 as successor of Cons.
Water & Lt. Co.
Stock out, $52,000.%Mar. W. & Lt. bonds, $25,500 5s.
due
April 1924.
Consol Water & Lt..bonds, $30,000 5s, due Dec. 1925.
.
32
(11)
ELECTRIC RAILWAYS
Jefferson
City
Light.
Heat
&
Power
[Vol.
STOCK AND BONDS—
Co.
ORGANIZATION, &C.—Supplies gas and electricity to Jefferson City,
Mo., and furnishes current for operation of the street railway.
Has
$200,000 5% bonds outstanding, due May 1925.
Date.
Interest.
Common. $3,10\000 ($100)
Pref $3,100,000($100) 6% cum
First and refunding mortgage/
Q-J
Q-J
-
1906
5
g
.
J-J
xcvii.
Outst'd'g. Div.&duc date.
$3,100,000 Oct '13,%%
3,100,000 Oct *13, lU
3,079,000 July 1 1946
§15,000,000,
text
gold —c*&r*l
($1,000)•{int.
& Tr.North.
Co., Cleve.,
andChic.
also
in at
N.Cit.
Y. Sav.
Trustee,
Tr. Co.,
ee
A
CHARLESTON,
CHARLESTON
CONSOLIDATED
S.
cannot
RAILWAY
&
ORGANIZATION.—Incorporated in South Carolina
LIGHTING
CO.
April 19 1910.
years from June 21 1910 the Charleston Cons. Ry.,
Gas & Elec. Co.
Lease guar. 6% on pref. and 4% to July 1 1911. 5% to
Jan. 1 1913 and 6% thereafter on com. stock;
also int. on outstanding
bonds of the Char. Cons. Ry., Gas & Elec.
Rates.—As a result of a compromise with the city, cheaper gas, electric
light and power rates were put into effect Nov. 1 1912.
V. 95, p. 1206.
Leases for
a
on
period of 99
■
STOCK—
Par.
Common.........
Authorized. Outstanding.
$50
Preferred
$1,500,000 $1,500,000
500,000
500,000
50
Dividends'
(?)
(?)
OFFICERS.—Pres., P. H. Gadsden; V.-P., Walton Clark; V.-P. &
Mgr., G. H. Waring; Sec.; W. F. Douthirt; Treas., Lewis Lillie;
Treas., C. M. Benedict.—V. 90, p. 1101; V. 91, p. 214, 1327;
Y. 95, p. 297, 419, 1206; V. 96, p. 862.
Gen.
Asst. Sec. &
•
(1)
Charleston
Consolidated
Ry., Gas & Electric Co.
_
ORGANIZATION.—Organized Feb. 21 1899 as a consolidation of the
Charleston City Ry. and Charleston & Seashore RR. under Special Act of
So. Car. Legislature, granting
perpetual charter and gas & elec. light powers.
In Oct. 1912 sold to James Sottile the Seashore division, incl. wharf prop¬
erties, ferryboats, the railroad line from Mt. Pleasant to the Isle of Palms,
with its equipment, and the power house on Sullivan Island.
Sale was auth.
by an Act of the Legislature approved Feb. 12 1913 and formal transfer
was made Mar.
15 1913.
V. 96, p. 862.
See Charleston-Isle of Palms
-
Traction Co. below.
are perpetual.
Also owns the capital stock of the Charleston
Light Co. ($698,150) and the Charleston-Edison Light & Power Co.
($100,000), and thus controls the whole field of light and transportation
in Charleston.
V. 92, p. 880.
Maturity.
$2,366,550
See text.
500,000
See text.
1898
5 g J-J
'
745,000 Jan 1 1923
($1,000), $850,000 gold._c/Tax free. Int. at Merc. Tr. & S. D. Co.,Bait.
Consol mtge, gold, $2,500,-1
1899
5gM-S
1,755,000 Mar 1 1999
000, coupon ($l,000)----*/Interest at Baltimore Trust Co., Trustee.
Holders can also collect coupons at Carolina Savings Bank, Charleston,
STOCK AND BONDS—
com,
Dale.
if presented before the
amount
Outstanding.
Interest.
Q-J
Q-J
$2,500,000 ($50).
Pref 6% cum, $500,000 ($50)
Charleston
City first mtgej
Bonds.—Of
■
tracks of the
$745,000
5s,
of City Ry. first 5s.
ROAD, &c.— Owns 31 miles of electric road in Charleston.
The com¬
has consolidated its two power stations; both railway and light and
power divisions are being operated from same stations.
pany
OFFICERS.—Pres., Philip H. Gadsden; Sec., Chas. J. Bendt, both of
Charleston; Cashier, W. B. Glenn.
Offices, No. 141 Meeting St., Charles¬
V. 88, p. 504; Y. 90, p. 1101, 1169; V. 92, p. 593, 880; V. 95, p. 1122.
ton.
OF
CO.
PALAIS TRACTION
ORGANIZATION.—Incorp. in S. C. Jan. 9 1913 with auth. capital of
$1,000,000, to build railroads, steam or electric, street railways, &c.,
•perate steamboats, and to take over what was formerly the Seashore
division of the Charleston Consoi. Ry., Gas & El. Co. Also does electriclighting business.
Plans call for building from Mt. Pleasant to McClellanTille, 36 miles.
ROAD, &c.—Owns 10 miles from Mt. Pleasant (connecting by ferry with
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, &c.
Owns and operates 19 pass, and 3 freight cars and
2 ferry boats.
'
•
.
OFFICERS.—Pres., James Sottile; Chief Eng., W. W. Fuller; Charles¬
ton.—V. 96, p. 201, 862.
'
CHARLOTTE, N. C.
CHARLOTTE ELECTRIC RAILWAY CO.—A trolley road.
ORGANIZATION:—On Jan. 1
transferred fo the Charlotte Gas & Elec. Co. and the electric light and power
business to the Charlotte Power Co.
The bonds in the table belowwere
gas
Lt. & Pow. Co., and therefore cover the
The Char. Electric Ry., Lt. & Pow.
properties.
Co. was a consolidation in Jan.
Formed in 1910 under
as
Street
railway,
gas,
Afterward merged the Charlotte Gas Light
electric lighting and power franchises are unlimited
STOCK AND BONt)S—
Stock
Date.
(par $50)--.
Interest.
Outstanding.
$200,000
-------
-
Maturity.
1
1900, of 1% of bonds out, to be invested in bonds drawn by lot at 107H and
int., if not obtainable at lower figure in open market; $45,000 have been
canceled.
Of the ref. and ext. mtge. bonds, $380,000 are to retire prior
liens, $1,115,000 for additions and impts. under carefully guarded restric¬
tions.
Sink, fund operative April 1907 of 1% of bonds issued, for purchase
of bonds at 107K and int., if obtainable; otherwise, such investments as
trustee deems proper.
V. 88,, p. 1252.
$19,000 have been retired.
ROAD.—Operates 19.31 miles of track and 46 cars.
12 mds. ending Dec. 31 1910 (incl. gas business),
$290,799; net, $130,581; int. and sk. fd., $42,213; surplus, $88,368.
1909, gross, $268,032; net, $121,027; int., $35,275; sur., $85,752.
EARNINGS.—For
gross,
INDEX.—V. 83, p. 890; V. 88, p.
PIEDMONT
TRACTION
252; V. 91, p. 1511.
"
CO.
Is controlled by Southern Power
Upon completion of its
Co. interests.
line and the line of the Greenville
Spartanburg & Anderson Ry., it is pro¬
posed to merge both cos. into one co.—the Piedmont & Northern Ry,
ORGANIZATION.—Incorp. in North Carolina.'
Has 60-year franchise in Charlotte.
Auth. stock, ^1.500,"
000.
of road between Charlotte and
Kings Mountain, passing through Mount Holly, Lowell and Gastonia.
About 24 miles completed, which were placed in operation during 1912.
Contemplates building an extension from Anderson to Atlanta, Ga.
ROAD.—Is constructing about 37 miles
OFFICERS.—Pres., J. B. Duke, N. Y.; V.-P., W. S. Lee, Charlotte;
Treas., E. Thomason, Charlotte.—V. 92, p. 1500.
CHICAGO, ILL.
electric {see Map
AURORA ELGIN & CHICAGO RR.—Third-rail
page
on
33).
ORGANIZATION.—Is
a
consolidation in April 1906 of the Aurora Elgin
& Southern Traction Co. and the
RR.
V. 82, p. 279, 691. 1155.
Chartered in
to steam railroads.
Pres. L. J. Wolf, in a letter
dated M ay 20 1909 (V. 88, p. 1618),stated that system is "in the main on
private right of way or protected by 50-year franchises or grants without
limit."
Does freight and express as well as passenger business.
V. 83,
&
Chicago Railway, the Elgin Aurora
Cook County & Southern
Illinois under law applying
^490.
Has
exclusive
contract with the Metropolitan West Side Elevated
operate
over
its tracks.
,
Stockholders voted Oct. 18 1910 to purchase the
ern
Ry.,"which
runs
„
.
Chic. Wheaton & West¬
V. 91, p.517.
from West Chic, to Geneva, abt. 10 miles.
agreement, to take
over
the stock of the
Supreme Court in suit of Clar¬
Venner, affirming that of the Superior Court of Cook County,
the Chicago City tc Conn. Rys.
STOCK AND BONDS—
Date.
Com part certs 150,000 shares-
Interest.
s-a
Pref part certs 250,000 shares
Coll trust mtge
s-a
$22,000,000\ 1910
5 A-O
Outstanding.
150,000 shs.
250,000 shs.
$22,000,000
Maturity.
See text.
July'13,$2.25
Jan 1 1927
?old
sinking Certificates.—Preferred
fund--c*&r*/lnt. at 1stparticipation
Tr.&S.B.Chic.,
Trus.,
or in N.Y.
articipation
shares
have
par
no
value but are entitled to preferential cum. divs. aggregating $4.50; also,
after com. partic. shares shall have received $4 in any year ,the
remaining
surplus, not exceeding in any year $1,000,000, shall be paid ratably, % to
pref. and H to com., but in no case will the pref. certs, be entitled to more
than $7 each per annum; also have preference upon distribution of trust
fund to the amount of
$100 each and accumulated dividends.
Bonds.—Coupon bonds in denom. of $1,000; registered bonds $1,000 or
multiples.
A sink, fund provides for redemption, begin. March 1 1915 ,of
$105,000 of bonds p. a., they being redeem, for the s. f., or as a whole ,at
105 and int.
In case of purchase of property of the Chicago City Ry, 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.
Bonds are listed on N. Y. Stock Exchange.
V. 94, p. 1118.
Deposited to Secure
the Coll. Tr. Bonds (Jan.
Stocks (par).
Chic. City Ry., value $200 per $100 sh.$16,971,900
Calumet & South Chicago Ry
10,000,000
Southern Street Ry
Hammond Whiting & East Chic. Ry--
Chicago & Western—*
Total
*
*2,400,000
*1,000,000
*72,000
a
J913).
Bonds few),
None
*1,000,00#
' *74,000
n«v
1st
5s
-$30,443,900 $1,074,000
Entire issue.
Under provisions of the trust mortgage these respective issues of bonds
each as an entirety may be converted into capital stock of the
respective
a
companies to an equal amount.
pref.
part. ctfs.
$2.25
per
sh.
has
been paid semi-an.
since June 1910 to and incl. July 1913;
On com. part. ctfs. $1 per sh. has
been apid semi-ann. since June 1910 to and incl. July 1912.
Jan.and July
1913 divs. passed.
REPORT.—For calendar years:
Income—
■
Bonds.—On the 1st M. bonds a sink, fund is provided, operative July
in
H.
Dividends.—On
L & P 1st Ml 1899
5 g J-J
355,000 July 1 1$29
$500,000, g ($1,000), s f_c*/Int. at Merc. Tr. & Dep. Co., Bait., Trustee.
Char Elec Ry.L & P ref & est 1
1906
5A-0
'
486,000 April 1 1936
M $2,000,000 g ($1,000)_c*/Int. at Merc. Tr. & Dep. Co., Bait., Trustee.
trust
Favorable Decision.—As to decision of 111.
ence
..
Char Elec Ry,
a
which held valid the agreement creating
coll. trust, see V. 96, p. 1364.
1896 of all the electric lighting and street
time.
to
linr
Chicago Ry. and the Chicago & Western.
These properties comprise ap¬
proximately 458.45 miles of street railway in southern division of Chicago
and vicinity.
See outline of plan in V. 90, p. 558, 625.
The trustees are
E. H. Gary, A. J. Earling and S. M. Felton.
railway interests of Charlotte.
Co.
own
Chicago City Ry., together with the securities of the Calumet & South
Chicago Ry., the Southern Street Railway, the Hammond Whiting & East
Stocks and Bonds
1911 the Southern Power Co. took pos¬
session of the Charlotte Elec. Ry., Lt. & Pow. Co,,
V. 91, p. 1511.
The
latter company changed its name to the above title and the gas business was
issued by the Charlotte Elec. Ry.,
its
on
CHICAGO CITY & CONNECTING RYS.—A collateral trust.
reserved to retire a like
are
Dividends.—See dividends guaranteed under lease above.
CHARLESTON-ISLE
Metropolitan West Side Elevated road; thence
Wheaton, with lines from Wheaton to Elgin, Batavia and Aurora; also
Elgin to Carpentersville, Dundee, St. Charles. Geneva, Yorkville and
Bristol, and a line from Wheaton through West Chicago to Geneva. Total
single track, 166 miles.
Third rail, standard T, 100 lbs.; track rails, 80 lbs.;
interurban and city lines, 60-95-lb. T and girder rails; 114 passenger cars;
2 express cars; 6 snow-plows and sweepers; 5 other cars; total cars, 127.
OFFICERS —Pres., L. J. Wolf, Cleveland; V.-P., M. J. Mandelbaum;
V.-P. and Gen. Mgr., Edwin C. Faher, Wheaton, 111.; Sec. and Treas.,
H. C. Lang, Cleveland; Asst. Sec. and Treas., A. Born; Auditor, C. E.
Fienner.
Executive offices, New England Bldg., Cleveland, Ohio.—V. 88,
p. 1618; V. 89, p. 1480, 1595; V. 90, p. 302; V. 91, p. 517, 1095; V. 92, p.
1563; V. 93, p. 1105, 1530; V. 95, p. 817, 1201; V. 97, p. 727.
from
10th of the month.
the consolidated
railway, electric and
.
to
Franchises
Gas
Stock,
E & C Ry first mortgage! 1901
5gA-0 15
2,850,000 Apr 15 1941
$3,000,000 ($1,000), gold/Amer. Tr. & Sav. Bank, Chicago, Trustee.
be called
(Interest payable in Chicago and New York.
Elgin Aurora & Southern first ( 1901
5 g J-D
2,000,000 June 1 1916
mtge, $2,000,000 ($1,000)(Int. at Amer. Tr. & Sav. Bank, Chicago,
gold, sinking fund
c*(
Trustee, and First Nat. Bk., N. Y. City.
Stack.—Pref. stock was 5% cum. until April
1
1909; since
6% cum.
Bonds.—Of the $15,000,000 (originally $25,000,000, but reduced in 1910)
1st & ref'g bonds, $316,000 are in treas., $4,538,000 reserved for prior liens
and the balance for improvements, extensions and
self-supporting acquisi¬
tions, under rigid restrictions.
They are not subject to call now.
See V.
88, p. 1618.
On the Aurora Elgin & Chic. Ry. a s. f. of $50,000 per annum
began on April 15 1911.
See V. 74, p. 726.
$150,000 have been retired.
On the Elgin Aurora & South, bonds a sinking fund is $17,000
per ann. first
5 yearsvand $25,000 ann. thereafter; $345,000 have been purchased and are
now held in sinking fund.
1
Dividends.—First dividend on pref.—134%—Paid July 1906 (V. 82,
p.
1436), and the same amount quarterly since then up to and including
April 1909.
July 1909 dividend increased to 1)4 % and same amount paid
quar. since.
On common, first dividend—M%—Oct. 7 1907.
In 1908 to
1912, incl., 3% yearly.
In 1913, Jan., %%\April, %%', July, 54%; Oct.,
%%'
'
'
r
REPORT.—For year ending June 30 1913, in V. 97, p. 772.
Year end.
Gross
Net (after
Interest
Pf. Div.
Com.Div.
Balance,
June 30. Earnings.
Taxes).
Paid.
(6%).
(3%)
Surplus.
1912-13._$1,955,722
$790,866 * $388,244
$186,000
$93,000
$123,622
1911-12-. 1,845,487
762,288
380,825
186,000
93,000
102,463
—V. 95, p. 817, 1201.
ROAD.-—Operates from Fifth Avenue station in the City of Chicago, ovee
f
C.
Calendar
Divs.
Int.
Gross.
'
YCflr
1912
1
$
$
'
$
V
Bond
Gen.
Diss. #n
Surp.
Exp.
Part.Shares. Inc.
&
$
$
$
1,100,000 51,007 1,275,000 11,243
Interest.
2,364,181 73,069 2.437,250
2,537,968 74,704 2,612.672 1,100,000 48,762 1,425.000 38,910
BOARD OF DIRECTORS.—Chairman, Ira M. Cobe; James B. Forgan,
John J. Mitchell, Samuel Insull, John A. Spoor, Edward Morris, Harrison
B. Riley, E. K. Boisot and L. A. Busby.
OFFICERS.—Sec. & Treas., W. W. Crawford.—V. 90, p. 53, 108, 558,
625, 848, 1675; V. 91, n. 1629, 1710; V. 93, p. 345; V. 94, p. 349, 1118;
1683, 1744; V. 96. p. 419, 1555, 1772.
1911
(1)
Chicago City Railway.—An electric road.
Unified Operation of Surface Lines.—Bee Chic. Rys.
ORGANIZATION.—Incorporated in Feb. 1859, and has extensive sur¬
face road privileges in the south division of Chicago.
In June 1908 entered
into a contract with the Commonwealth-Edison Co., by which the Chicago
City Ry. agrees to buy all of its electric power from that company until
June 1918.
The railway has abandoned its producing plants but retains
its distributing plants.
V. 87, p. 1010.
New Ordinances and Franchises.—On Feb. 4 1907 the City Council passed
ordinances providing for a settlement of the franchise question.
These
ordinances were approved at the city election on April 2 1907 and formally
accepted by the company's board of directors on April 15 1907.
Suit to
set aside franchise was dismissed in April 1912.
V. 94, p. 1118.
An ex¬
tended outline of these ordinances, one to the Chicago City Railway Co.,
and covering the lines operated by that company, and the other to the Chi¬
cago Rys. Co., and covering the lines of the former Chicago Union Traction
Co. (now the Chicago Railways Co.), was given in V. 84, p. 1123. The value
of the tangible and intangible property of the Chicago City Ry. at date of
the ordinances was fixed at $21,000,000.
The city or any company au¬
thorized by it is given the right on Feb. 1 or Aug. 1 of any year, on six
months' notice, to purchase the entire property of the two systems, or either
of them, at their value at date of ordinance, plus "the cost of rehabilitation
and extensions, including fair allowances for construction,
profit
and
brokerage".
But if the properties are acquired for operation by a pri¬
vate corporation, for its own profit, the purchase price is to be increased
20%—barring the case of a private company which might be willing to
turn over to the city all profits above 5% on the cost of the investment.
The companies are limited during their operation to an interest return
of 5% upon the agreed value plus the cost of rehabilitation and exten¬
sions.
All net profits above this are to be divided on the basis of 55%
to the city and 45% to the companies, but a deficit in any year is to be
made good out of the profits of subsequent years.
After April 15 1910 the
companies are required to set aside 6% of the gross receipts for maintenance
and repairs and an additional 8% of the gross receipts to cover renewals
and depreciation.
Whatever portion of the two funds is not used remains
CO
CO
■
.
map
•
.
AURORA,
ok
ELGIN
the
&
GHICAGO
RAILROAD
AND
VI
pH
t
£
rt
o
HH
Ph
Eh
U
W
h)
H
im
o
rh
05
CONNECTING
DIN®®
34
ELECTRIC RAILWAYS
In the funds and passes to the city or Its licensee upon purchase.
But if
the two funds are not sufficient for the purposes named, the companies
are obligated to supply additional funds.
Free transfers are required over all connecting lines within the
city limits
covered by the Chicago Railways Company,
and the Southern Street Railway
the Chicago City Railway
(except territory bounded by Twelfth
Street, south and main branches of Chicago River and Lake Michigan,
until subways are in operation, when transfers will be
given at all inter¬
sections in. the subways),- provided the
passenger has paid a five-cent
fare and is traveling in any one general direction.
Certain extensions
provided, and the Chicago City Company agreed to construct in ad¬
dition the equivalent of eight miles of single track and the Chicago Rail¬
ways system the equivalent of twelve miles of single track, in each year
after the third year.
The companies also agree, upon demand of the city,
to furnish funds not exceeding
$5,000,000 in the aggregate for the construc¬
tion of a central down-town subway to be built and owned by the
city,
two-fifths cf the cost to be borne by the Chicago City Ry. and three-fiftns
are
"
by the Chicago Railways. Section 25 of Chicago City Ry. ordinance fixes
the .capital investment limitation of the company as follows: "The com¬
pany shall not be required on account of any extensions or subways or on
account of underground trolleys, or on account of
any extensions of its
street railways, other than the extensions provided for in exhibit 'A', and
in Section 36 of this ordinance, and four (4) miles of double or eight (8)
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
and above-the interest charge of 5% thereon by this ordinance authorized
would be reduced to an inadequate or unreasonably small amount."
The franchises granted by the ordinances run until Feb. 1 1927.
The
city reserves the right at any time to commute a sum not exceeding the
city's share of the net receipts for the previous year into a reduction of the
rates of fare.
Calumet &
South Chicago
Operated.—Under an operating agreement en¬
tered into in 1908, operates the Calumet & South Chicago Ry. and will also
direct the work of its rehabilitation.
.
Southern St. Ry. Operated.—Under ordinance which went into force
April 1 1909, operates the Southern St. Ry. and will carry on work of the
rehabilitation of that road.
On Jan. 29 1912 City Council passed an ordinance providing for the ac¬
quisition by Chicago City Ry. of city lines of the Chicago & Southern Trac.
Co.
V. 94, p. 349, 629.
The latter was sold at foreclosure in Feb. 1912.
The lines outside the city were taken over by the Chic. & Interurban Ry.
in the interest of the Hammond Whiting & East Chicago Ry.
Wages.—See under Chicago Railways.
STOCK AND BONDS—
Date.
Interest.
Text Q-M30 $18,000,000 Sep'13,2 H%
1907
5 g F-A
28,700,000 Feb 1 1927
[First Trust & Sav. Bk., Chicago, Trustee.
.
Bonds.—There is no limit to the amount of bonds that may be issued
under the above mortgage.
Under the Chicago city ordinance, in case of
purchase by the city or its licensee, and only in such case, the bonds may be
called as a whole, for payment at par and int., on any int. date before ma¬
turity.
V. 84, p. 1488, 1550.
DIVIDENDS.—Usually 12%; were in 1893 24%; 1894-1900, 12%; in
1901, 10K%; in 1902-09, 9%; in 1910,16%; in 1911, ll^%;in 1912,11%;
in 1913, Mar., 2^%; June, 2^%; Sept., 2H%.
ROAD, &c. (incl. Southern St. Ry.).—Company owns 314.30 miles of
single track, all now operated by electricity.
System covers the South Side
of Chicago, extending from the centre of the business district south to 79th
Street and between the South Branch of the Chicago River and the Lake.
975 double-truck cars, 522 single-truck cars; total, 1,497.
.
,
REPORT.—For 12 months ending Jan. 31 1913.
See V. 96, p. 1015.
Pass.rcts.(incl.So.St.Ry.)$10,838,714 Income from operation.__$3,008,437
Rects. other sources.
405,267 Other income (contractor's
profit, brokerage, &c.)260,172
Total receipts.
$11,243,981
Total income.........$3,268,609
Op. exp., taxes, renew'ls,
Interest on bonds........ 1,286,102
int. on cap. inv. and net
earns, of So. St. Ry—
*9,485,823
Net income..
.....$1,982,507
Net earnings.
$1,758,158 Dividends (10%)—
1,800,000
City's proportion, 55%..
$966,987
Oo.'s proportion; 45%*..
Surplus
$182,507
$791,171
Int. on capital investm't_z$2,217,266
*
Includes contingent reserve fund cf $60,000 to apply on account of in¬
of wages of trainmen and barnmen from Aug. 1 1912 to Feb. 1 1913.
crease
a;
The "interest on capital
investment," $2,217,266, is that certified by
provided by the ordinance of Feb. 111907.
board of supervising engineers, as
OFFICERS.—Chairman Ex. Com., Ira M. Oobe; Pres., Leonard A,
Busby; V.-P., H. B. Fleming; Sec. and Treas., F. D. Hoffman; Aud., A. L.
Dewey—V. 94, p. 349, 629, 826, 978, 1118; V. 95, p. 1683, 1744; V. 96.
p. 62, 1015; 1364, 1555, 1627.
;
(2)
Calumet & South Chicago, Ry.—Electric.
ORGANIZATION.—Is
a
consolidation formed in 1908 of the Calumet
Chicago City Ry. in accordance with the
Electric Street Ry, and South
terms of ordinance passed by
are
the City Council Mar. 30 1908.
Line3
The ordinance
1927 and,provides thtt the city is to receive
located in the south division of the City of Chicago.
grants franchises until Feb. 1
55% of net receipts after allowing for operating expenses, taxes and de¬
preciation and 5% on present value, together, with amounts expended for
improvements "and extensions. Interchange of transfers with Chicago City
Ry. by establishing four transfer zones is provided, but in three of these
zones'
free transfers cannot be compelled unless net earnings for preceding
investment and the company's share of the
additional.
City may purchase property on
Feb. 1 or Aug. 1 of any year upon six months' notice for present value,
which is fixed'at $5,000,000, plus amounts expended for improvements,
additions and extensions, but only for municipal operation, where purchase
is made prior to Feb. 1 1927.
With an addition of 20% in price, city may
also purchase for the purpose of turning property over to other parties (if
purchased for Chicago City Ry. only 12% additional need be paid),, but
this additional sum need not be paid where these other parties agree to pay
over to the city all of the profits above 5% on the purchase brice.
V. 86,
p. 1223.
On Jan. 31 1913 certified value of property and additions thereto
year were equal to 5% on the
net earnings amounts to 1X %
$9,192,583.
Operating Agreement with Chicago City Railway Co.—On June 29 1908 Chi¬
City Council approved agreement by which Chicago City Ry. agrees to
operate Calumet & South Chicago Ry. Oo.'s street railway system, and to
was
......
„
.
„
„
_
—
.
cago
atter in
fnace
operation
the to
zone
system
transfers,
as describedand
abovecompany
agrees
pay
actualof
cost
of this operation,
joint
The
costs
in" proportion to gross receipts of each,
with certain exceptions.
In addition, Calumet & South Chicago Ry.
will pay Chicago City Ry. H of the actual saving in oner. exp. resulting
from joint operation, such saving to be determined by a board of engineers.
are-to be
paid by both companies
See V. o7, p.
224."
"
STOCK AND BONDS—
s
Interest.
.
Outstanding.
Maturity.
$10,000,000 5 g F-A
4,825,000 Feb 1 1927
f__c*&r[Int. at First Tr. & Sav. Bk., Chic., Trustee.
Stock, $10,000,000 ($100)
■ —
First mortgage rehabilitation? 1908
($1,000) gold, no
'
-
Date.
-
Bonds.—The issue of 1st mtge. bonds is indeterminate, amount to be
limited to amount of new work done on property.
They are subject to
July 1 1912 at 105 and int.; thereafter only in
city shall purchase property at par and int. on any int. date.
No s. fd.
call at any int. date before
case
EARNINGS.—For year end. Jan.
31 1913 (joint partnership account),
$1,138,353; net, after taxes, $388,293; int. on invest., $450,373; def.
due co. from net of succeeding year, $62,080.
For year end. Jan. 31 1913
(individual account), int. on cap., $450,373; other income, $23,244; int. on
bonds, $204,683; surplus, $268,934.
gross,
miles of track reaching South Chicago,
Pullman, West Pullman, Auburn Park, Burnside and Manhattan Beach.
Also extends from Jackson Park to 106th St. and the Indiana State line,
along Lake shore and both sides of Calumet River. 70,75,83 and 85-lb.rails.
ROAD.—Owns and oper. 112.19
OFFICERS.—Pres., L. A. Busby; V.-P., W. W. Crwaford; Sec. & Treas.,
D. Hoffman; Aud., W. W. Hill.—V.90, p. 53, 1044,
1483; V. 91, p.
1628,1710; V. 92, p. 794, 880,1026; V. 93, p. 345, 666,1599; V..94, p. 629,
1311; V. 96. p. 1088, 1420, 1627.
_
.
(3) Southern Street Railway Co.—A trolley
;
road.
ORGANIZATION.—Incorporated in Illinois as a reorganization of the
sale on Sept. 30 1907
Chicago General Ry., which was bid in at foreclsoure
by the Southern Street Railway Co#
V# 85, p. 863»
xvcii.
In Dec. 1910
increased stock from $800,000 to $2,400,000, Increase being
V. 91, p, 1631, 1712.
Operating Agreement with Chicago City Ry. Co.—On April 1 1909 the
ordinance by which the Chic,
pity
Ry, operates the property went into ef¬
fect when the City Company took possession and
began operating with 25
new cars, retiring an equal number of old ones.
The $800,0001st 5s of 1904
were all retired and trust deed released.
The new bonds issued to provide
for rehabilitation requirements and for
refunding of old lsts have also since
been retired.
Chicago City Ry. operates the property and the income
therefrom (after allowing 5% return on the
investment) is divided between
thecity andtlm Southern company under the terms of the ordinance, as in
V. 88, p. 1003, 55 % going to the city and 45
% to the Southern.
used to retire the $1,600,000 1st M. 5s.
o+£T°^<P"77Cn
Date.
n™
Interest.
Stock, $2,400,000 ($100)——
Bonds issued under 1st mtge. of 1909
and stock issued in exchange.
No bonds
Outstanding.
Maturity.
$2,400,000
were
—
from time to time canceled
now out.
EARNINGS.—Included in statement of Chicago
City Ry.
ROAD.—Included in Chicago City Ry.
„'OFFICERS.—Pres., L. A. Busby; V.-P., W. W. Crawford;
F. D. Hoffinan; Aud., W. W. Hill.—V. 91, p. 1631, 1712.
Sec. & Treas..
*reas.,
(4)
Hammond Whiting & East Chicago Railway Co.—A trolley road.
All securities are owned by the Chicago City &
Connecting Rys.
ORGANIZATION .—Incorporated in Indiana in Jan. 1910
to Hammond
1954.
Whiting & East Chicago Electric Ry.
as successor
Franchise expires in
Power is furnished by the Calumet & South Chicago
Ry.
Date.
Interest.
Outstanding.
Dividends.
Stock$1,000,000 ($100)
$1,000,000
First mtge, $5,000,000, gold? 1910
5 g F-A
1,000,000 Feb
11930
($1,000)
—rc&r\Int. at First Trust & Sav. Bank, Chic.,Trust.
Bonds.—*Subject to call at 105 and int.
E, K. Boisot is also trustee.
ROAD.—Owns 26.60 miles of track, extending from State line between
Illinois and Indiana at 108th St., Chicago, to Whiting, East
Chicago and
Hammond in Indiana, and operates in connection with Calumet & South
Chicago Ry. to 63d St. and Madison Ave. in Chicago.
other cars; standard gauge; 80-lb. T rail.
16 motor cars;
9
OFFICERS.—Pres., L. A. Busby; V.-P., J. L. Matson;i Sec. & Treas.;
F. D. Hoffmann;
Aud., W. W. Hill; Gen. Mgrs., A. Li Drum & Co..
76^West Monroe St., Chicago.—V. 79, p. 103.
CHICAGO & INTERURBAN TRACTION CO.
Outstanding. LastDiv.,&c.
Stock, $19,000,000 ($100)
lst mtge ($1,000) g
c*&r*J
[Vol.
ORGANIZATION.—Incorp. in Illinois Feb. 14 1912 to take over the
property of the Chicago & Southern Trac. Co. (sold at foreclosure) outside
the city limits, the lines within the city having been acquired by Chic. City
Ry.
V. 94, p. 697.
Under the terms of an ordinance passed Jan. 29 1912
an operating agreement between the Chic. City Ry. and the Chic. & Inter¬
urban provides that the interurban cars of the latter company shall run to
a
downtown terminus at Harrison St.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,000
($100, $500,/ 1912
5 g J-J
1,350,000
Jan 1 1932
sinking fund_c*\Int. at First Tr. & Sav. Bk., Chic., Trustee.
Stock, $1,000,000 ($100)
First mtge, gold
$1,000), no
Bonds.—The auth. amount of 1st M. bonds is not limited.
Bonds
are
subject'to call in whole or in part, beginning with lowest number, at 102
en any interest day.
ROAD.—Consists of 48 miles of line between 119th St. and Vincennes
Road, Chicago, to Kankakee, III.
Standard gauge.
70-lb. T rails.
OFFICERS.—Pres. & Mgr., John L. Matson; V.-P., Chas. R. Moore;
Sec., W. W. Crawford; Treas:, Edgar H. Pank.—V. 94, p. 697; V.95,p.968.
CHICAGO
&
MILWAUKEE ELECTRIC RR
—
A trolley road.
'
Receivership and Sale.—Receivers were appointed Jan. 28 1908.
At the
foreclosure sales on Sept. 25 1912 the properties were bid in by Jacob New¬
man of the reorganization committee at $1,600,000 for the Wise. Div. and
$1,650,000 for the Illinois Div.
The sale of the latter, however, was set
Landis in the U. S. Dist. Court on Jan. 21913, on the ground
that bidding had been suppressed and that the price obtained was much
below the true valuation.
V. 95, p. 817; V. 96. p. 62,135.
He also criti¬
cized the plan of reorganization, saying it would create "a great mass of
securities which represent no investment whatever by anybody at any time."
V. 96, p. 135.
On June 6 1913 the U. S. Circuit Court of Appeals affirmed
the order of Judge Landis setting aside the sale of the Illinois Div,
V. 96#
p. 1700.
The new reorganization committee (V. 94, p. 206) composed of representa¬
tives of both the Wisconsin and Illinois Div. bondholders in Jan. 1912 pro¬
posed a plan of reorganization calling for the formation of a new company
with $6,000,000 stock, $10,000,000 1st M. 5% bonds (present issue $4,500,000). covering entire property, $4,500,000 1st 4% non-cum. income bonds
(a 2a mtge. on 111. Div.) and $6,000,000 2d non-cum. incomes (a 2d mtge.
on the 16 miles of Wise. Div. and 3d mtge. on 111. Div.).
Depositaries,
Chicago Title & Trust Co., Chicago, and National Trust Co., Ltd., Toronto
See V. 94, p. 630, 1249.
ORGANIZATION.—Incorporated under the general railroad laws of
Hlinois and Wisconsin and has the same privilege as steam roads.
This
company was successor by purchase on Dec. 311902 of the Chicago & Mil¬
waukee Electric Railway Go.. Does a freight business.
Franchises, except
four, are said to be perpetual: serves 25 cities and towns.
In May 1913 U. S. Dist. Judge Landis made an order permitting Receiver
Johnson to purchase the property of the Waukegan Fox River & Western
Electric RR. (consisting of 1 mile of track in Waukegan) for $56,000.
V. 96, p. 1364.
•
•
•
■
aside by Judge
Old Securities.
Outstahding.
Maturity.
STOCK AND BONDS—
Date.
Interest.
$5,000,000
Stock, $5,000,000—------ —*
1899
5 g J-J
1,080,000 July 1 1919
C & M E Ru 1st M?$l ,500,000
g ($1,000 each) c;
may be Int. at Standard Trust Co., N.Y.,and Cleve¬
land Trust Co., Trustees, Cleveland Trust
called any interest day at
Co. and Royal Trust Co., Chicago.
"1902
5 g J-J
4,000,000 July 1 1922
000, gold ($1,000)———c Int. at Merchants' Loan & Tr. Co., Chicago#
Trustee, or Nat. Bk. of Commerce, N. Y.
1905
5 g J-J
10,000.000
Jan 1 1925
Wisconsin Division, 1st M,
guar,
gold,' $10,000,000 Int. at Western Tr. & Sav. Bk., Chic., Trus.,
or U. S. Mortgage & Trust Co. , NewYork.
($1,000)1908
6 M-N 11
1,036,000 Nov 5 1911'
Receiver's certifs ($1,000)-The receiver's certificates are a prior lien only to the $10,000,000 Wiscon¬
sin Division 5s due 1925.
V. 86, p, 856, 1159, 1223.
V
EARNINGS .—For calendar years:
Calendar
Gross
Oper. Exp.
.
Net
Balance#
Year—
;Earnings.
and Taxes.
Earnings.
Interest*
Surplus.
1912
$977,294
$651,840
$325*454
$65,441
$260,003
1911
II
968,228
672,292
295,936
68,218
227,718
*
Interest on receiver's obligations.
105 and interest
C & M E RR 1st M, $5,000,-
„
.
.
ROAD.—Operates 170 miles of track from Evanston (where connection
Chicago) through Waukegan, Kenosha and Racine to Mil¬
is made with
waukee, including
built
on
Drivate
extension to Libertyville.
Practically all the road isand road is double-tracked throughout.
right-of-way
Rails, 65 and 85-lb.
V. 67. n. 900.
-■
OFFICERS.—Pres., A. 0. Frost;
V.-P., Gordon
Pierre G. Beach; Treas., W. O. Kilman.—V. 94, p. 67,
A. Ramsay; Sec.
206, 349, 48
559,.
630/910,1249,1762; V. 95, p. 361,679,817; V. 96, p. 62,135,1156,1364#
1700.
'
electric road (See Map on page 35).
Unite Surface and Elevated Lines.—See remarks under
CHICAGO RAILWAYS CO.—An
'Proposition to
Chicago Elevated Rys.
Unified Operation of Surface
Lines.—On May 12 1913 the Chicago Trans¬
approved, subject to ratification by the City Council#
presented by the Chicago City Ry. and Chicago Railways for an
operating agreement (to become effective as soon as approved by City
Council) which provides for unified operation of surface railways, as if all
lines were owned by one company;
a 5-cent fare throughout the city on
surface lines, also through routing of cars from one division of the city to
another.
If in any year after the establishment of unified operation the
ftftminga of the companies shall be less than under separate operation, the
shortage will be made good in subsequent years.
For further details see
V. 96, p. 1421.
The City Council Committee on Local Transportation on
May 24 1913, however, unanimously voted against the proposition.
The
committee objected to the provision requiring the city to guarantee the
companies^as good returns under unified operation as under separate oper¬
portation Committee
the plan
ation.
Sept., 1913.j
ELECTRIC RAILWAYS
LINKS
OF
THE
DEMPSTI
CHICAGO RAILWAYS
COMPANY
*r\\ Caluarjh
q-\\ Cemetery
HOWARD AVE.
mm •
—
C/TYLl&ITS
LINES INSIDE OF CITY LIMITS
EXTENSIONS PERMISSIBLE
UNDER ORDINANCES
HAMILTON ST,
•J"—u.
Car Station-,
DEVON AVE.
CITY LIMITS
NORWOOD PARK
\*
f§8ub-Station No. 7
ROSE HILT
CEMETERY
Montrose
CITY LIMITS
J
Cem.
Bohemlt
St Lucas
Cem-
\L*Cem.
MONTROSE
DUNNING,
COUNTY^
FARM J
tracela
ic\<*
Cem,
V
i
VRACELANa
B'L'V'D
Elston Ave.
MtrOujie-Cfm.
Car Station
BELMONT
Sub-Sta.No.
FULLERTON
awitip
ARMITAGE
North & 48th Ave. fl
Car Station
Sub^ta. No.
Humboldt
Park
DIV ISION
CHICAGO
CHICAGO
GRAND
'LAKE
ILLINOIS
MICHIOAI
Ridgeland Cicero <£.'
Proviso
Car Station Power
Hoi
dLAKE Sf.
GARFIELD
>
mRANDOIJ
LAKE
LWASKINSTO)
PARK
IMASlSuNCq
Jmsnsos
AiiAirs
^
WAN 6 OWN
HARBISON
TAYLOR®
Uaivndale
Car Sta.
1ISTH ST,
&&ub-Sta,
'
/Vo.
Hawthorne
-Raoe Track,
{JnJsS^T
hi
4^
'
[Vol. xcvii.
ELECTRIC RAILWAYS
36
ORGANIZATION.—Incorp. in Illinois in Oct. 1903 and on Jan. 25 1908
acquired at foreclosure sale the property of the old Chicago Union Traction,
comprising the lines of the North and West Chicago Street RR.
The pur¬
chase was made under a modified plan of reorganization and readjustment
dated Oct. 15 1907 and outlined in V. 85, p. 1269; see also p. 1576 (V. 95,
p. 1402) and issued $22,554 bonds to cover cost.
,
In Dec. 1912 purchased 6 miles of the Suburban RR. inside the city limits
(V. 95, p. 1402) and issued $22,554 bonds to cover cost.
Franchises.—On Feb. 5 1907 the City Council passed ordinances providing
for a settlement of the relations between the city and the street railway
companies.
V. 84, p. 338, 390.
The franchises granted by the ordinances
expire Feb. 11 1927 and were approved at the popular election held April 2
1907.
On Oct. 10 1910 supplemental ordinance was passed expiring Feb.
1927, covering lines of Chicago Consol. Trac. properties.
V. 91, p. 1025.
In the remarks concerning the Chicago City Ry. on a prceding page of this
publication will be found a brief summary of the main terms, requirements
and conditions of these ordinances. > A very extended outline of the same
was printed in the "Chronicle" of May 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 ofproperties as recognized by ordinance
$30,779,875 as of Feb. 1 1907.
With the expenditures already made, the
valuation of road, equipment and franchises at July 31 1913 was $78,596,130.
V. 87, P. 677; V. 88, p. 504; V. 95, p. 236 and 419.
All expenditures for reconstruction and extensions are being made under
the direct supervision of a board of supervising engineers headed by Mr.
Bion J. Arnold, and the company is required, under conservative restric¬
tions, to advance moneys for the construction of subways by the city.
The expenditures for reconstruction and extensions, including any contri¬
butions for subways, after Feb. 1 1907 are to be added to the value of the
properties recognized by the ordinance, together with 5% of such expendi¬
tures for brokerage.
As compensation for its services in construction
the company will receive an additional 15% of all expenditures for recon¬
struction and extensions, exclusive of amounts contributed for subways.
The company agreed to lower and reconstruct the tunnels under the
Chicago River at Washington, La Salle and Van Buren streets.
The
ordinance requires through routing over certain lines of the Chicago
City Ry. Co. and the exchange of transfers with that company.
The lines
of the Chicago City Ry. Co. cover what is known as the South Side of Chi¬
cago, and the lines of the Chicago Rys. Co. the North and West Sides.
Right to Purchase by City.—Under the terms of the franchise, the company
agreed to waive all rights under previous grants, and gave the city an
option to purchase all of its property for municipal operation at any time
prior to the expiration of the 20-year franchise granted the company
py the ordinance.
The price to be paid by the city to be $30,779,875,
the valuation of the properties February 1 1907, as above mentoined,
iplus all expenditures after that date for reconstruction, extensions and addi¬
tions toftne properties, including any amounts advanced to the city for
the construction of subways in the downtown business district.
In case
*
shall not be purchased, as above stated, prior to 1927, ths
expiration of the franchise, the city covenants that it will not then grant
franchise to any other corporation for the operation of a competing system
In the company s territory unless such other corporation shall purchase
the property of the company at said price.
The city also has the option
of requiring the company to sell its property to any other licensee corpora¬
tion of the city, or to purchase the property itself for municipal ownership
(with no requirement as to municipal operation), at any time during the
life of the franchise; but in case of such purchase by the city or a licensee,
the price to be paid shall be 20% more than the price above mentioned;
but the licensee shall not be required to pay the additional 20% if it shall
agree to pay over to the city all profits in excess of 5% on the investment
In any event, (1) the purchase price must be paid in cash and the first
mortgage bonds of the company will attach to such cash as a first lien in
the event of such purchase; or (2) such purchase (if made within said 20
years), must be consummated expressly subject to the lien of the 1st mtge.
bonds, but if made at the expiration of said 20 years, the amount thereof
the property
account of its $8 per certificate (beginning with the year ending Aug. 1
1908), but only when earned, and after payment of all accumulations of
sinking fund and of dividends on Series 1.
Bonds.—First mtge. bonds are issued only to provide funds for rehabili¬
tation, extensions, &c.
They may be redeemed at par and accrued interest
on any interest day.
The bonds have a first lien on the entire property,
rights and franchises of the company.
The authorized issue is limited to
the aggregate of the amounts approved from time to time by the board of
supervising engineers.
Of the bonds reported outstanding, $500,000 are
held by trustees as security against any judgment which possibly could be
recovered in various litigations going on.
See full particulars of bonds,
on
property, &c., in V. 86, p. 545; V. 88, p. 1436, 1619; V. 90, p. 302; Y. 93, p.
162.
Bonds are listed on the N. Y. Stock Exchange.
The consol. mtge. bonds as of Sept. 1 1913 consist of the following:
Series A, issued, $17,403,800, 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 O, $1,927,336.
Series O bonds have sinking fund of $250.-
which began Aug. 1 1908, but cumulative until
Series A bonds have been retired.
See particulars,
Of the Remaining Series B. bonds, $4,000 are
Series C bonds, $75,000 are in treasury. $2,072,664 Series C have been retired by sinking fund and cancellation. Bonds
000 per annum, if earned,
paid.
$1,196,000
V. 86, p. 1223; V. 93, p. 1724.
in treasury.
Of the remaining
of three series bore int. at 4% until Feb.
Purchase Money Mtge. bonds bear int.
'
1 1912; thereafter, 5%.
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
Int. is payable only if earned and is not cumulative.
Interest on both purchase-money mortgage and adjustment income
mortgages payable at company's office or at agency of company in Chicago.
initial
DIVIDEND.—An
dividend of $4 was
paid Nov.
15
1908 on
Series 1 participation certificates.
On Sept. 1 1909 $8 was paid on Series 1
None to Oct. 1912, when $6 was paid.
In Feb. 1913, $6;
certificates.
May, $6;
July, $6;
Aug., $4.
Dividends are $4 in arrears.
ROAD.—Comprises 487.11 miles of track
(including 128 miles of the
the downtown as well
former Chicago Consolidated Traction lines), serving
as the entire north and west sides of the city.
EQUIPMENT.—Operates 1,595 double-truck "pay-as-you-eoter" Cars.
ending Jan. 31 1913 will be found
Passengers carried year ending Jan. 31 1913, revenue,
256,408,891; total, 611,927,391.
REPORT.—The annual report for year
in V. 96, p.
355,518,500;
1153.
transfer,
Years ending Jan. 31.
5%
Balance
Of Which to
Inv.
Divisible. City,55%. Co.,45%.
$
•
$
$
$
$
$
1912-13—18,076,777 6,348,275 3,778,449 2,569,826 1,413,404 1,156,422
1911-12—17,156,495 5,043,393 3,459,018 1,494,375
821,906
672,469
Income Account for
Gross
Income.
Income Statement
.
Net
Income,
Int.,
on
(Non-Partnership Account) for Years ending Jan. 31.
1912.
$
$
Chic.Rys.,45% .1,156,422
672,469
5% on invest't__3,778,449 3,549,018
Misc. interest..
214,268
208,161
1913.
1913.
$
Miscellaneous
__
Sk. fd. res. acct_
Corp. exp.& adj.
250,000
120,574
1912.
$
1,144
250,009
118,401
a
must also be paid in cash.
•
Compensation to City.—The company is entitled to a straight 5-centfare,
with universal transfers.
In turn, provision is made for Special compensa¬
tion to the City of Chicago, but this compensation is payable only out of
the surplus earnings of the company after paying or providing for all op¬
erating expenses, including the charges for maintenance and depreciation
prescribed in the ordinance and 5 % upon the valuation of the company s
property at which it may be purchased by the city for municipal operation,
as above stated.
Of the surplus earnings so remaining, the City of Chicago
receives 55% and the company 45%.
Control by
Trustees.—The trust indenture securing the participation
certificates provides that until Aug. 1 1912 and to the full extent thereafter
which may be permitted by law until all of the consolidated mortgage bonds
of the company shall be fully paid and discharged, the directors of the
company shall be elected by Messrs. A.C. Bartlett, Chauncey Keep, Charles
H. Hulburd, Albert A. Sprague and Charles G. Dawes of Chicago, and pro¬
vision is made in the trust deed securing the 1st mtge. bonds for theappointment of a permanent finance committee, composed of Meesrs. Henry A.
Blair, Chauncey Keep and B. A. Bckhart of Chicago. J /
w Acquisition of Chicago Consolidated Traction Properties^^-0n Dec. 27 1910
.
,
Judge Grosscup confirmed the sale of the Chic. Consol; Tram Co. and its
eight underlying companies on Nov. 30 1910 to Andrew Cooke and
sale by the latter of all properties within the city limits to the Chicago Rail¬
ways Co. (V. 91, p. 945, 1253, 1511), pursuant to an ordinance
Oct. 10 1910 (placing valuation at $4,021,982), like in tenor, amendatory
the
passed
and
supplemental to ordinance of Feb.
11 1907 (V. 91, p. 1025,
i 159)
See'reorganization plan, V. 90, p. 1613; V. 91, p. 37. The lines outhdethe
city were acquired by the County Traction Co., which has no
with the Chicago Railways Co., but in November 1912 the latter entered
connection
an agreeniont by which it will operate the County Traction lines extending into Morton Park and Cicero.
On November 1 1910 a deposit
agreement was entered into by the holders of the securities of the Chicago
Consolidated Traction and its subsidiaries, providing for the exchange of the
said securities for Chicago Rys. Co. Purchase Money 4% to 5% bonds and
into
Adjustment Ipcome 4% bonds, both dated Jan. 1 1911 and maturing Feb. 1
1927.
For description of bonds and terms of exchange, see V. 91, p. 1384,
and compare V. 90, p. 1613; V. 91, p. 214.
Contract
for Power— On July 30 1909 reached agreement with the Com._
for a period of 6 years from Feb. 1908. V. 89, p. 348.
Edison Co. for power
Wage
Agreement—On Aug. 31 1912 the
employees of the Chicago Street
railwaysTrejected the proposed wage agreement (see V. 95, p. 618), and the
matter was referred to a board of arbiters which handed down its fmdmgs
on Mar. 29 1913, awarding the men an approximate increase of 2c. per hour,
effective Aug. 1 1912.
•
Oct. 1912 the U. S. Circuit Court of Appeals
Judge Kohlsaat, dismissing the suit brought to have
franchise of 1907 annulled.
V. 95, p. 1206.
Favorable Decision.—In
affirmed the decision of
the compromise
Dpte.
Interest.
Outstanding.
Maturity.
See text.
See text. '
f 1907
5 P-A
^49,955,000 Feb 1 1927
($1,000)
gold
c&r{Int. at Harris Trust & Sav. Bk., Chic., Trus.
1
or at Harris, Forbes & Co., New York.
Consol mtge, gold
19^7
5%
See text. Feb 11927
N*
Bonds Covering City Lines of Former Chicago Consol. Traction.
Purch-money M $6,000,000 g] 1910
4-5 J-J
$4,073,000 Feb 11927
($500 and $1,000)
c*tlllinois Tr. & Sav. Bank, Chic., Trustee.
Adjust inc M $2,500,000 goldf 1910
4 g May
2,500,000 Feb 1 1927
($100&$500) (non-cum)_c*\
Central Trust Co. of III., Chicago, Trustee.
Stock.—The capital stock of the company, which is issued in the nominal
amount of $100,000, has been made the subject of a trust agreement, dated
Aug. 1 1907 and executed Jan. 25 1908, by and between the Chicago Rail¬
ways Co. and Messrs. Adolphus C. Bartlett, Chauncey Keep, Charles H.
Hulburd,Albert A. Sprague and Charles G.Dawes,
as depositaries, and
Central Trust Co. of New York as custodian.
Under this agreement
the stock serves as a basis for the issue of the participation certificates,
representing in all 265,100 equal parts.
Series 1 consists of 30,800 parts,
Series 2 of 124,300 parts, Series 3 of 60,000 parts and Series 4 of 50,000 parts.
Series 1, 2 and 3 are entitled, in the order of priority named, to cumulative
dividends of $8 for each part, beginning with year ending Aug. 1 1908, and in
the distribution of capital to $100 for each said part;
Series 4 is entitled
to any remaining profits or capital distributed.
V. 85, p. 1269.
Dividends on participation certificates Ser. 2 are limited to $4 on each cer¬
tificate so long as more than 50% of Series O bonds remain outstanding,
and thereafter to $5 per certificate until the remainder of Series C bonds
hare been redeemed.
Series 2, however, is entitled to unpaid accumulation
STOCK AND BONDS—
struck-
ttino onn
First mortgage (see
__
text)", "
.
Total deduct-4,674,063 4,323,424
Gross income, all 1
sources
5,149,139 4,429,648
Net
Deduct—
Tot.int.on bds_.4,303,489
—
475,076
101,224
3,958,879
OFFICERS.—Chairman Board of Directors, Henry
A. Blair; Pres., John
Vice-Pres'ts, Seymour Morris and J. E. Wilkie; Gen. Mgr.,
Sec., F. L. Hupp; Treas., M. B. Orde; Comp., F. E. Smith,
all of Chicago.
M.
Roach;
Williston Fish;
V. 93, p. 162, 229, 796, 1190,
350, 982, 1185,1247; V. 95, p. 236, 419.
96, p. 201, 652, 1088, 1153, 1364, 1419,
1421, 1556, 1628, 1700, 1838; V, 97, p. 49, 364, 442, 728, 802.
INDEX.—V. 92, p. 59, 260, 321, 1102;
1259, 1532, 1599, 1724; V. 94, p.
618, 1122, 1206, 1331, 1402; V.
CHICAGO & WEST TOWNS
RAILWAY.
ORGANIZATION.—Incorp. in Blinds in 1913 as a consolidation of the
Suburban RR., which are understood to have
been purchased by the McEwen interests.
County Traction Co. and the
Interest.
Outstanding.
Maturity.
$1,000,000
6%
1,000,000
Bonds, $750,000, gold, red/ 1913
6 g M-S
556,000
1918
at 101
c*\Int. at Harris Tr. & S. Bk., Chicago, Trustee
ROAD.—Operates 70 miles of track, serving the suburbs west of Chicago.
Leases from the Baltimore & Ohio Chicago Terminal RR. (for 50 years)
the Chicago & Southwestern road to Harlem race-track, Austin, Bidgeland,
STOCK AND BONDS—
Date.
Common, $1,000,000 ($100)
Pref (cum), $1,000,000 ($100)
Oak Park, &c.;
10 miles of track.
OFFICERS.—Pres., Willard M. McEwen;
Mgr., F. L. Butler.
.EVANSTON
Sec., Chas. F. Propst; Gen.
V. 97, p. 443, 666.
COUNTY TRACTION CO.
incorporated in Aug. 1913 to take over the
This company was
Evanston, 111., formerly owned by the County
& West Towns Ry.).
The
franchise.
See V. 97, p. 443.
cago
lines In
Traction Co. (now the Chi¬
company was
granted a new 20-year
CHICAGO ELEVATED RAILWAYS.—A voluntary association similar
Companies (See Map, page 37).
Proposition to Merge Surface and Elevated Lines and Construct Subways.—
On Feb. 13 1913 Attorney William G. Beals, representing the Blair interests,
presented to the Transportation Committee of the Chicago City Council a
plan for the merger rf the surface and elevated lines and the construction
of subways substantially as outlined in the "Chronicle" - of Mar. 1 1913,
to Massachusetts Electric
Bage
submitted
651. Itatwas
an agreed
to use
this plan
as the
basis
for anthat
ordinance
to
early city
election.
It was
later
decided
legislative
e
action was required before the ordinance could be drawn.
tures of the plan, including length of franchises, were also
Some other fea¬
objected to.
On
April 28 1913 the City Council adopted resolutions ordering investigation
rf dealings in street and elevated railways with the city and suspending
negotiations for merger until inquiry is made.
V. 96, p. 1364.
Following the breaking off of negotiations for general merger of surface
and elevated roads, the company expressed its willingness (when necessary
rights are granted by the city) to through-route north and south elevated
trains, using the Loop for that purpose, and to establish free transfer sta¬
tions between said trains and trains of Metropolitan and Oak Park com¬
panies by Oct. 1 1913.
See V. 96, p. 1364, 1627.
On July 28 1913 City
Council passed an ordinance providing for through routing.
As to valuations by city's and company's experts, see V. 94, p. 1507.
ORGANIZATION.—Organized in 1911 to acquire stocks, bonds and
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
$36,294,900 stock of these companies); also, if it so elects, the stocks of the
Union Consol. Elev. RR., Chicago & Oak Park Elev. By., Chicago & Oak
& filmhurst Ry., which companies are con¬
by the afore-mentioned companies.
These roads operate about
miles of track.
The physical properties were valued at about
$90,000,000, exclusive of franchise valuations; the mortgage debt preceding
the notes aggregated $32,372,262, leavng an equity of $57,500,000.
See
plan, &c., in V. 92, p. 1498, 1435; V. 93, p. 104.
Stockholders of the Metroo. West Side Elev. RR., Northwestern Elev.
RR. and South Side Elev. RR. were given the option of two offers for de¬
Park Elev. RR. and Chicago
trolled
187.51
positing their stocks; one to receive full cash for their holdings, and the
other to receive part cash and nart stock of the Chicago Elev. Rys.
See
offers in V. 92, p. 1498.
Practically all the stocks have been turned in, a
small remnant cf Northw. L pref. being bought in Aug. 1913. V. 97, p. 728.
In July 1911 the National City Bank offered the $30,000,000 gold notes
(V. 93, p. 104), the proceeds of which, together with $16,000,000 from sale
of pref. stock, were used to retire $18,000,000 Northwestern Elev. 1st 4s
which matured Sept. 1 1911, pay floating debts of all companies and provide
ample working capital.
Transfer Suits.—On June 25 1912 the city brought six suits in the Munici¬
pal Court to enforce the ordinance passed by the City Council May 20 1912,
approved by the Mayor on May 21 1912 and effective June 4 1912, requiring
the elevated roads to issue transfers.
V. 94, p. 144o; V. 95, p. 110.
On
Jan. 24 1913 Judge Baldwin in the Circuit Court made permanent the tem¬
granted in July 1912, restraining the enforcement of
96, p. 359.
.
Controlled Companies.—On June 16 1913 State Attorney
Hoyne filed quo warranto proceedings in the State Circuit Court against
the Met. West Side, South Side and Union elevated railroad cos., claiming
porary injunction he
said ordinance.
V.
Suit
against
Sept., 1913.
ELECTRIC
RAILWAYS
37
38
ELECTRIC RAILWAYS
that they violated their State charter by issuing watered stock.
V. 97, p.
Wage Settlement.—-A threatened strike was settled April 17 1913 by the
board of arbitrators, some 4,000 men
receiving increases of from 2to
5 cents an hour.
V. 96, p. 1166.
»
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, 250,000 shares
250,000shs.
Pref, 160,000 shares, 6% cum.
Q-M
160,000 shs.
See text.
3-yr gold notes, $30,000,000/ 1911
5 J-J
30,000,000
July 1 1914
($1,000)
1 Illinois Trust & Sav. Bank, Chic., Trusted
____
Stock.—Com. and pref. shares of the par value of $100 each.
stock is redeemable at $100 and accrued dividends.
BONDS—
Lake St.
surplus,
Trains of the Chicago &[Oak Park,
Northwestern Elevated RR. and South Side
Northwestern Elev. also owns .15 mile of double
track from connection with loop at Van Buren & State streets to connection
with South Side El. RR., which is leased to the latter.
V. 97, p. 522.
TRUSTEES.—Henry A. Blair, Frank A. Vanderlip and Sam'l McRoberts.
EXECUTIVE
COMMITTEE.—Samuel
Insull,
M.
Ira
Cobe
and
Henry A. Blair.
GOVERNING COMMITTEE.—Samuel Insull, Henry A. Blair, Ira M.
Cobe, F. A. Vanderlip, Samuel McRoberts, Edward W. Harden and Fred.
A. Delano.—V. 94, p. 697, 982, 1448, 1507, 1762; V. 95,
p. 47, 110, 749,
889, 1607; V. 96, p. 359, 651, 715, 1156, 1296, 1364, 1772; V. 97,
(1)
page
Metropolitan West Side Elev. Ry.—An electric road.
37).
ORGANIZATION.—Organized in Illinois Jan. 16 1899.
p.
728.
(See map,
Successor
on
Feb. 3 1899 (per plan in V. 67, p. 126) to the Railroad Co. sold under fore¬
on Jan. 4 1899.
Franchise expires April 7 1942.
closure
STOCK AND BONDS—
Date.
Interest.
Outstand'g. Maturity,&c.
Common, $7,500,000
J-—..
$7,464,100
See text.
Pref, 5% non-c, $9,000,000
Q-S
8,707,900 June'13,IX
First mortgage, $10,000,000
1898
4 g F-A
10,000,000 Aug 1 1938
.,000), gold.
c* Cent. Trust Co., N. Y., and G. Sherman, Tr.
Int. at Cent. Trust Co., N. Y. and Chicago.
Ext
1901
4 g J-J
mortgage,
$5,000,000
5,000,000 July 1 1938
Trust
($1,000), gold, red at 105 Northern
Co.,
Chicago,
Trustee.
on any interest
day on 4 Interest at company's office in Chicago, or
weeks' notice
c*
Central Trust Co., New York.
The extension mortgage or 1901 covers the extension as a first lien,
also 68 cars, a 3,500 h. p. engine and the new down-town terminal; the
bonds also cover the rest of the property as a second lien, subject to the
$10,000,000 first mtge.
V. 72, p. 1080; V. 75, p. 29; V. 86, p. 1160.
Has guaranteed $453,000 bonds of Union Consolidated Elevated.
West
(3)
South Side Elev. RR.—(''Alley Elevated").—An electric elevated
road.
(See
map
,
REPORT.—For years ending June 30 1912 and 1911.
1909 are for years ending Dec. 31:
Reports in 1910
and
1911-12.
Passengers carried
Passenger earnings
1910-11.
55,291,839
$2,842,447
134,552
Miscellaneous
1910.
56,125,075
$2,882,717
135,610
1909.
57,229,886
$2,936,999
132,956
52,519,609
$2,695,230
123,200
page
37.)
ORGANIZATION.—Successor January 1897 to Chicago & South Side
R. T. RR. (foreclosed per plan V. 63, p. 1158).
July 31 1900 the Appellate
Court sustained the validity of the foreclosure (V. 71, p. 236), and on Feb.
21 1902 that decision was concurred in by the State Supreme Court.
V. 74,
477.
p.
Franchise expires March 26 1938.
RR., which
see
Leases the Chicago Junction
below.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $10,231,400
Q-M
$10,231,400 June'13,IX
First mortgage, $8,000,000,1 1904
4^ gJ-J
8,000,000 July 1 1924
gold ($1,000)
c*JInt. at 111. Tr. & Sav. Bank, Chic., Trustee.
Bonds.—Are subject to call at 105 and interest.
Dividends.—First dividend of 1% (out of earnings for four months ending
April 30 1899) was paid May 1 1899; then Sept. 1,1%; Dec. 30, 1%.
In
1900, 3%.
In 1901, 3H%.
In 1902 to 1907, inclusive, 4% yearly.
In
'08, Mar., H %; none until June '10, when X % was paid; Sept., H %; Dec.,
X%.
In 1911, March, %%; June, %%\July, extra div. of $5.90.
(V.93,
p. 164).
In 1912, March, 1X%\ June, 2%%', Sept., \X%; Dec., 1H%.
In 1913, March, 1H%; June, 1H%.
REPORT.—For years ending June 30.
Passengers carried in 1911-12,
47,095,489, against 46,751,028 in 1910-11.
"
..
Side,
operate over the loop.
$233,249.
OFFICERS.—-Pres. of constituent cos., Britton I. Budd; Sec., Thos. A.
Reynolds; Asst. Sec., W. V. Griffin; Comp., Edward A. Brion.
Maturity.
Road opened Oct. 10 1897.
Metropolitan
and South Side companies for year ending June 30 1912, gross, $8,632,416;
dividends, $890,992;
Outstanding.
ROAD.—The loop is 2.02 miles in length, double-tracked (80-lb. rails),
runs on Lake St.' to Wabash Ave., to Van Buren St., to Fifth
Ave., to
and
fixed charges, $3,061,501;
Interest.
g ($1,000). 1895
5 g A-O
$4,472,000 Oct 1 1945
Interest at Chase Nat. Bank, N. Y., and 111. Trust & Sav. Bank, Chicago.
Bonds.—Of the $5,000,000 bonds issued, $528,000 are held by Northw. EI.
$25,000,000 1st M. bonds of Northwestern Elev. RR. and also by deposit
of all the acquired stocks.
Y. 93, p. 44, 104.
Dividends.—On pref., initial div.—1H%—paid Dec. 1 1911.
In 1912,
6%.
In 1913, March, 1H%; June, 1H%; Sept., 1H%.
$4,185,743;
Date.
1st M, $5,000,000,
*j
EARNINGS.—Combined earnings of Metrop. West Side, Northwestern
Railroad.
Chicago elevated roads, and receives He. for each pas¬
senger carried, besides all expenses for operating, repairs and taxes.
Fran¬
chise expires in 1945.
Damage Suit Fails.—In June 1913 a jury in Judge Bowles' Court decided
in favor of the company the suit brought against the
company by the late
Potter Palmer in 1900 demanding $500,000 for damages to the Palmer
House during construction of the loop structure.
V.
97, p. 522.
int.
net,
Elevated
xcvii.
Is used by all the
The pref.
Notes are redeemable on any interest date on 30 days' notice at par and
Int. payable in N. Y. or Chicago.
They are secured by pledge of
Union
(a)
1772.
[Vol.
1911-12.
*1910-11.
1911-12.
1910-11.
Gross receipts.$2,464,020 $2,419,922 Other charges.
$238,035
Net, aft. taxes! 1,209,226
422,020
$807,834 Dividends
Interest
*453,080
*453,080 Bal. for year_
96,090
♦Includes in both years $93,080 rental paid to Chicago Jet. Ry.
$50,000
230,203
74,551
ROAD.—Owns elevated road in operation in Chicago upon a purchased
right-of-way from Congress St. to Jackson Park and to Englewood. Elec¬
tricity was introduced as motive power late in April 1898.
Operates 370
motor, 30 trail and 15 misc. cars.
On 16.24 miles of structure has a total
of 36.50 miles of single track main line, incl. 6.22 m. leased.
Also has
10.56 miles of side-track, making total track 47.06 miles.
OFFICERS.—Pres., Britton I. Budd; Sec. & Treas., W. V. Griffin;
Aud., T. B. MacRae; Gen. Mgr., E. C. Noe.
Office, 1001 Royal Insur.
Bldg., Chicago.—V. 88, p. 296, 371, V. 90, p. 304, 367, 373, 978, 1426;
V. 92, p. 264, 320, 597, 1437; V. 93, p. 164, 528.
(a)
Chicago Junction
RR.—(See Map, page 37).
ORGANIZATION.—Organized in the interest of the South Side Elevated
Gross earnings
Operating
expenses
$2,976,999
1,396,981
$3,018,327
1,544,125
$3,069,945
1,556,015
$2,818,430
1,418,076
$1,580,017
14,182
$1,474,202
8,537
$1,513,930
8,770
$1,400,354
$1,594,199
$1,482,739
$1,522,700
$1,411,514
$311,579
191,129
603,116
$317,713
180,312
578,351
(3)261,237
$323,186
180,252
576,531
(3)261,237
$299,674
180,893
582,029
$145,126
$181,494
$348,918
RR. to build lines to connect that company's track with the Stock Yards.
nominal amount of stock has been issued ($50,000), which is held in
case that company should at any time
Is leased to the South Side Elevated for 50 years (with
right to purchase at cost within 20 years), rental being interest on bonds,
taxes, &c.
Franchises are without limit.
"
•
Only
a
trust for the South Side Elevated in
Net earnings
Other income
Total
11,160
Deduct—■
STOCK AND BONDS—
Interest.
Date.
Outstanding.
Taxes, &c
Interest--.
.
dividends...(4^)370,083
Balance, surplus.....
DIVIDENDS.—First
$118,292
div.
pref. stock, 2H%, Feb. 28 1900 (out
1900); then 2% Aug. 31 1900; 1
■
Feb. 1901; Aug. 31 1901, 2%; Feb. 28 1902, 1%; Aug. 30 1902, 1
Feb. 28 1903, 1H%: in 1907, Mar. 30, H%; June 29, %%\ Sept. 30,
norm to
to March
Mar eh
iQio
whftn
none
1910,
when H
Dec., H%.
June, %%; Sept., %%.
In 1911, March
In
March, 1
June, 2%; Sept.,
apt.,
%%\ Dec., 2H%.
In 1913, March,
An initial div. of 3-10 of 1% was paid on com. stock
IX %; June, IX %.
on
of earnings for year ending Feb. 28
%^(^.) ^was paicb June, M%^Sept.,
Maturity.
See text.
Stock
Rentals
Preferred
wish to absorb it.
$2,327,000, gold! 1905
4 g M-S
$2,327,000 Mch. 1 1945
($1,000), guar p & i
_c*/First Trust & Sav. Bank, Chicago, Trustee.
Bonds.—Are subject to call at 105 and int.
In event of consolidation with
South Side Elev., this issue of bonds is to be retired.
V. 80, p. 871.
Bonds
are guar., p. & 1., by Chic. June. Rys. & Un. Stk. Yds. Co. See V. 82, p. 568.
1st
mtge,
ROAD.—Consists of
(from junction with South
elevated road
an
Side
3.75
"L" at 40th Street) to the Stock Yards, and a loop around the same,
Was completed in May 1908.
miles.
OFFICERS.—Pres., John A. Spoor; V.-P. & Sec., H. E. Poronto; Treas.,
R. B. Thomson; Asst. Treas. & Sec., S. A. Bracken; Aud., C. C.
V. 87, p. 346.
Chace.-r-
'
.....
Dec. 31
1912.
ROAD.—From terminal station at 5th Ave. westerly about 6X miles,
with branches; total length of road (including Douglas Park branch and
extension and Garfield Park branch), 19.63 miles.
Miles of single track,
owned,
43.79;
under contract, 6.53;
total operated, 50.3 miles of track,
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. 8H in.
On March 11 1905 the cars of the Aurora Elgin & Chicago Ry. began
operating over this company's lines to the 5th Ave. terminal under a traffic
agreement, the Met.. West Side, in turn, securing tbe right to the territory
exclusive
of
7.19 miles of side tracks.
,
west of the 52d Ave.
Plaines
terminal
on
the Garfield Park line
River, about 3.3 miles of double track.
as
far
as
the Des
V. 79, p. 1704.
OFFICERS.—Pres., B. I. Budd; Sec. & Treas., W. V. Griffin; Aud.,
T. B. MacRae; Gen. Mgr;, E. C. Noe.
Office, 160 West Jackson Boul.,
Chicago.—V. 91, p. 336; V. 92, p. 396, 456, 1436; V. 93, p. 469.
(2)
Northwestern Elevated RR.
ORGANIZATION.—Road
1900.
V. 70, p. 1049.
was
(See map
on page
37.)
formally opened for business
on
May 31
In Septi 1901 the Union Elevated RR. was acquired.
stock or the Chicago & Oak Park Elev.
The Chicago
Owns 53% of the
Elevated Rys. pro¬
vided the cash to take up the $18,000,000 Northwest. Elev. 1st 4s which
matured Sept. 1 1911.
On Aug. 21 1911 stockholders auth. $25,000,000 1st M. 5s.
None of the
bonds has been sold, but they are used as part collateral for Chic. Elev.
Rys. note issue.
V. 93, p. 527.
Suit.—As to suit charging that the $25,000,000 were issued to the Chic.
El. Rys. for $20,000,000 and seeking to recover the difference of
$5,000,000,
see V. 95, p. 818.
<
.
STOCK AND BONDS—
Date.
Stock, $5,000,000
Pref stk, 5% n-c, $25,000,000First
mortgage,
$25,000,-1" 1911
000
Equipment
CHICAGO & OAK PARK ELEVATED RR.—(See map page 37.)
Receivership.—On
Jill.
notes
Interest.
-
Outstanding.$4,947,100
Maturity.
L
M-S
5%
4,944,400 Mar '12,2%
See text
30 years
Trust & Sav. Bank, Chicago, Trustee.
6%
16,000
See text.
Notes.—Equipment notes payable in installments; in 1913, $30,000; in
1914 to 1918, $16,000 annually.
REPORT.—For years ending June 30 (incl. Union Elev.).
Report for
1910-11 in V. §3, p. 1018.
Pass, carried in 1911-12, 44,577,835, against
44.471,566 in 1910-11, 42,815,132 in 1909-10 and 40,955,795 in 1908-09.
Year—
Gross.
Net.
Int. & Taxes.
Pref. Div.
Surplus.
1912
$3,177,215
$1,862,821
$1,745,065
$98,888
$18,867
1911
2,776,905
1,707,429
1,269,920
200,000
237,509
Dividends.—An initial div. of 1% was paid on pref. Oct. 18 1909; in 1910,
Jan., 1%; April, 1%; July, 1%; Oct., 1%; in 1911, Jan., 1%; April, 1%;
none thereafter to March 1912, when
2% was paid.
None since.
ROAD.—Miles of single track:
Owned, main line, 38.07 m. and side¬
track, 5.72 m.; total owned, 43.79 m.
Right of way is all owned in fee
except at street crossings.
Under an operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made in 1907, this company's service was extended May 16
1908 to Evanston over the Evanston Division of the former road, which
has been electrified.
Extension to Wilmette opened April 1912.
oper. (incl. loop), 60.43 miles.
348 cars, 80-lb. T rails.
All track
OFFICERS.—Pres., Britton I. Budd; Sec. & Treas., W. V. Griffin; Gen.
Mgr., EC. Noe; Aud., T. B. MacRae. V. 90, p. 1171, 1240; V. 91, p. 791,
866, 1768: V. 92, p. 262, 1436, 1701; V. 93, p. 408„ 527, 667, 796, 1018;
V. 95, p. 818.
Nov.
1911
13
Insull receiver for the Railroad.
ceiver
Judge
V.
93, p.
Kohlsaat appointed Samuel
1386.
OnJDeC. 29 1911 re¬
authorized to issue $2,000,000 receiver's certificates for improve¬
V. 93, p. 1785.
In Jan. 1912 Francis V. Dobbins of Rahway,
was
ments.
N.
J., was appointed receiver for the Railway Co.
V. 94, p. 123.
Foreclosure.-^-Judge Kohlsaat in the U. S. District Ccurt at Chicago, on
July 17 1913, ordered the foreclosure sale of the railrcad.
The amount
found to be due is $5,080,984.
Sale of Securities.—On June 20 1912 Geo. H. Church bid in for $256,000
the following securities formerly owned by the Chic. & Oak Park Elev. Ry.',
$859,000 Lake St. Elev. RR. 5% inc. bonds; demand notes of Chic. &
Oak Park Elev. RR. variously dated from April 23 1904 to June 15 1910,
aggregating $1,989,528; $5,850 Lake St. Elev. RR. inc. bonds scrip.
At
Sheriff's sale in New York on Jan. 26 1912, Mr. Church bid in for $2,000
all title of the Ry. Co. in the foregoing bond and notes, also some $473,000
additional notes of the Railroad Co., and in certificates for 91,651 17-40shares of Chic. & Oak Park Elev. RR.
V. 94, p. 1763.
The Chic. & Oak Park Elev. Ry. was incorp. in New Jersey on April 22
1904 to hold the securities of the Chicago & Oak Park Elevated Railroad
Co., formerly the old Lake Street Elevated RR., reorganized per plan in
V. 77, p.
Northwestern Elevated owns 51% of stock.
p. 1874;
1874; V.
V. 78,
78, p.
p. 1392.
1392.
Franchise expires in 1930.
STOCK AND BONDS—
Interest.
Date.
Outstanding.
guar
5 J-J
4,432,000 July 11928
American Trust & Sav. Bank, Chicago, and
1893
M, $5,000,000,
by N W El
Central Trust of Illinois,
•
'
Income mtge, $1,000,000
Debenture note
5%
1904
'
Chic., Trustees.
128,600
350,000
2
1
See text.
189,000
Equipment notes
Real estate mtges__
,
7,462
210,000
1,479.266
,
Receiver's certfs,
Notes
[Maturity.
$10,000,000
Stock
Lake St El 1st
$2,000,000.
payable Dec 31 1912---
—
.
•_
assenting to reorganization were stamped
subject to call at 105 and interest on any interest date.
The debenture
note was issued by the Chic. & Oak Park El. RR. for the claim of the North
Western Elevated RR., amoimting to $770,085, and is guaranteed by the
Chic. & Oak Park El. Ry.; it became due Jan. 1 1909 but has been extended
on
demand.
The old income bonds, with the exception of $128,600,
are held in the treasury of the railway company.
Bonds.—First mortgage bonds
ROAD.—Owns
a
double track elevated railway from Fifth Avenue and
Lake Street to 52d St. and Lake St., with spur down Market St. to Madison
St.
Trains
running around the loop in Oct. 1897.
Chicago &
extension comprising 4 miles more of double track.
Total
began
Harlem forms
an
single-track, 22.51 miles.
REPORT.—For years ending June 30 for Railroad Co.
1912.
1911.
1910.
Passenger earnings
Other earnings
Other
income
Total income.
Fixed
charges—
Deficit
*
_
„
J
-
—
.
1909.
$835,505
39,916
$812,955
33,885
$802,581
37,798
786,600
38,853
$875,421
611,074
$846,840
639,234
$840,379
568,349
$825,453
517,010
$264,347
3,515
$207,606
3,367
$267,862
444,555
$176,693
Fixed charges in 1910-11 incl. int.
being paid.
$210,973
*506,396
$295,423
on
'
$272,030
$272,030
474,187
$202,157
$308,443
$308,443
450,735
$142,292
floating debt, which is not now
Sept.
1913.]
ELECTRIC
RECEIVER.—Samuel Insull.—V. 92, p. 1435; V.93
1386, 1785; V. 94,
UNION
ORGANIZATION.—Incorporated in Ohio on May 22 1905 and owns
practically the entire capital stock of the Cincinnati Trac. Co., the Cincin¬
CONSOLIDATED ELEVATED RY.
ORGANIZATION.—Formed In 1896 and built from Union Elevated at
west to Market St.; thence to Metropolitan W. S
El.; total,
1-5 mile of track; is operated by the Metropolitan West Side El
Franchise
expires Oct. 7 1945.
5th Ave.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,000,000
453,000 Nov 1 1936
gu p & i by Met W S El___/G. Sherman, V.-P. Oen.; Tr. Co., N.Y.,Trus
Mortgage $1,000,000, of which $500,000 series "A".
V. 63, p. 1065.
Stock
Series
"A"
1st
gold,!
mtge,
1896
5 g M-N
OFFICERS.—Pres., Samuel Insull; V.-P., Gilbert E. Porter; "Sec. and
Treas., W. V. Griffin.
cincinnati, ohio.
CINCINNATI & COLUMBUS TRACTION CO.—A trolley road.
Receivership.—The Union Sav. Bank & Trust Co. of Cincinnati, trustee
of both mortgages, was on April 12 1913
appointed receiver of company,
floods and inability to meet
maturing bona issues being assigned as the
V. 96, p. 1156.
cause.
Int.
on 2d
M. bonds is in default.
ORGANIZATION.—Incorp. Jan. 21 1903.
Franchises expire in 1930.
For decision of U. S. Supreme Court handed down on Nov. 11 1912, hold¬
ing that the B. & O. Southwestern and the Norfolk & Western (steam)
roads cannot be compelled to grant physical connection with the
comapny,
see
V. 95,
p.
1402.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$979,500
925,500
1905
5 g J-J
600,000 July-1 1913
gold
c*\Int. at Union Sav. Bk. & Tr. Co., Cin..Trust.
Second mtge notes, $250,000/
5%
148,000 Jan
1 1914
(Int. at Union Sav. Bk. & Tr. Co., Cincinnati.
Bonds.—The denominations of the first mortgage bonds are, respectively,
6 $50,000; 30 $5,000; 100 $1,000; and 100 $500.
They can be called at
any time at par.
Bonds originally matured July 1 1909 but were extended
for 2X years.
V. 89, p. 102, 720.
On Jan. 1 1912 they were again ex¬
tended 18 months.
Second mtge. notes fell due July 1 1912 but were
Common, $1,250,000 ($100)
Pf 5% cum $1,250,000 ($100)_
First mortgage, $600,000,
J
.
extended for 18 months to Jan. 1 1914.
EARNINGS.—For 12
$43,407.
1911,
gross,
mos. ending Dec. 31 1912,
$118,337; net, $43,155.
gross,
$117,598; net,
ROAD.—Operates 54 miles of track between Cincinnati and Hillsboro,
put in complete operation in Feb, 1906.
Standard gauge, 70-lb. T rail.
OFFICERS.—Pres., H. ft. Hoffman; V.-P., Lewis Seasongood; 2d V.-P.,
Harry J. Gibson; Sec., William Topie; Treas., C. J. Goldberg.—V. 94,
p. 278; V. 95, p. 1402; V. 96, p. 1156.
CINCINNATI GEORGETOWN
nati Zoological Co. and Cincinnati Car Co., besides a large interest in the
com. and pref. stock of the Cincinnati
Dayton & Toledo Trac. Co. On July 6
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.
Shareholders on Feb. 24 1911 authorized an issue of
$2,500,000 5% bds.
Agreement with City.—On Mar. 22 1913 plan made to build a municipal
the
The
agreement contemplates: (1) Surrender by the Cincinnati Street Ry. of its
present franchise; (2) acceptance of an indeterminate grant with 6 tickets
for a quarter on the Cincinnati system, and right to
city to buy the property
at the end of 5 years; (3) division of earnings with
city; (4) operation at 5%
rental of rapid transit loop to be built by city at cost of about
$7,000,000.
For further details see V. 96, p. 948.
•
In Nov. 1912 Ohio Pub. Service Comm. sanctioned the issuance of the
remaining $750,000 1st 5s.
V. 95, p. 818, 1473.
rapid transit loop and will be submitted to the City Council and
cos shareholders,
and, if approved by them, to the city electors.
•
Tax Decision.—On Oct. 24 1912 Judge Kinkead in the Court of Common
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.
Pleas
STOCK—
Date.
Interest.
Outstanding.
Last Div.
Common, $10,000,000 ($100)_
Q-J
$8,655,000
See text.
Pref, $10,000,000, 5% cum
Q-F
8,500,000 Aug 13, IX
First mtge, $2,500,000, gold,/ 1911
5 g
2,500,000
1936
sinking fund ($1,000)
(Int. at Fidelity Trust Co., Phila., Trustee.
Stock.—Further issues of stock can only be made for acquirement of
other
other
In July 1911 control of road
changed hands and in Sept. 1911 entered into
and the Ohio
ORGANIZATION.—Formerly
a
steam road, but now
Under Ohio law remains a steam
narrow-gauge
operated by both electricity and steam.
Franchises perpetual.
road.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Mdturity.
Stock, $1,500,000
$1,500,000
1st
mtge,
$1,000,000, gold/ 1902
5 g J-J
1,000,000 Jan
11932
($1,000)
c*\lnt.at Union Sav. Bk.&Tr.,Cin.,Tr.,&inN.Y
Fel & Beth 1st M $100,000,
g) 1905
5 g A-O
100,000 Oct
1 1935
($1,000), not callable
c*]Int. at Union Sav. Bk. & Tr.. Cin., Trustee.
Ohio Riv & Col 1st M,
gold,) 1903
5 J-J
500,000 June 1 1933
$1,000,000 ($500, $1,000) cllnt. at Union Savings & Tr. Co., Cine., Ohio.
____
EARNINGS.—For cal. year 1911,
1910, gross, $174,011; net, $24,448.
_
gross,
$185,441; net,$34,190.
In
.
,
ROAD.—Operates 49 miles from Cincinnati southeasterly to Russell
ville, Including branches of 3.5 m. to Batavia and 1.5 m. to Coney Island.
The Felicity & Bethel has 8.5 m. of track between the points named in its
title.
The Ohio River & Col. extends from Ripley to Sardinia, 24 miles.
OFFICERS.—Pres., A. J. Siegel, St. Louis; V.-P., E. G. ft. Kessler,
St. Louis; Sec. & Gen. Mgr., Chas. J. Finger.—Vv93, p. 229, 796.
CINCINNATI
LAURENCEBURG & AURORA ELECTRIC STREET
RR.—A trolley road.
Receivership.—On June 23
,
1913 Judge Warner at Cincinnati appointed
on application of Pres. J. C. Hoover, who,
F. S. Shutts of Florida receiver
,it is stated, loaned the company $125,000.
from the recent flood.
The
company
suffered damage
V. 96, p. 1839.
ORGANIZATION.—Incorporated in Nov. 1898.
Franchises expire in
1924 and 1925.
STOCK AND BONDS—
Common, $750,000
Pref, 6% cum, $250,000.
Outstanding.
$750,000
Maturity.
was
-
issued for money assessed on capital stock.
No interest has been paid.
cos. ownership
of stock in
T. Trac. Co. and Cincinnati Zoological Co.
Bonds are redeemable
on and after Mar. 1 1916, 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.
Dividends.—First div. on pref. stock—IX %—was paid Aug. 1 1905;
1X% has been paid quar. since to and incl. Aug. 1913.
On com., first div.
—1%—paid Nov. 1 1909.
In 1910, Oct., 1%.
In 1911, July, 1%; Oct.,
1%.
Inl912, Jan., 1%; April, 1%; July, 1%; Oct.,1%; Dec., 1%.
In
1913, April, 1%; July, none.
V. 97, p. 50.
as a
whole
OFFICERS.—Pres., W. Kesley Schoepf; V.-Ps., Chas. P.
V.-P. & Gen. Mgr., Dana Stevens; Sec., Walter
Sec., D. J. Downing; Treas., W. H. McAlister; Aud., H.
—V. 92, p. 462, 726; V. 94, p. 1696; V. 95, p. 818, 1473;
V.
1157, 1365; V. 97, p. 50.
'
Foraker Jr.;
Asst.
(1)
Taft, J. B.
A. Draper;
L. Sanders.
96, p. 948.
The Cincinnati Traction Co.
ORGANIZATION.—Incorporated in Ohio on Feb. 19 1901 with an auth.
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 Ry. Co.
See V. 72, p. 391.
Franchise Bill.—A bill to revoke the company's
50-year franchise was
passed by the House at Columbus on April 11 1913, but the Senate Com¬
mittee on Municipal Affairs refused to report the bill.
V. 96, p. 1156.
In April 1913 the Ohio Legislature passed a bill giving the city of Cincin¬
nati the power to purchase the company s property "upon paying therefor
just compensation" (but only if approved at city election), and in the mean¬
time to give the company an indeterminate grant to operate.
See also
remarks under "Ohio Traction Co." and in V. 96, p. 1364.
•
Strike.—A strike was begun on the company's lines on May 10 1913, but
on May 20 the men returned to work, an
agreement having been reached.
See V. 96, p. 1488.
Decisions.—On Dec. 27 1911 Judge Hoffheimer in Superior Court decided
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.
NOTES—
Date.
Interest.
Outstanding.
Maturity.
$100,000
See text.
5 g J-J
252,000
See text.
i.__c*tlnt. at Fidelity Trust Co., Phila., Trustee.
Equip notes,
Series
"C,"j 1911
5 g J-J
176,000
See text.
$220,000, gold ($l,000)_c*\Fidelity Trust Co., Philadelphia, Trustee.
Equip
notes,
Series
"D,"j 1912
5 g A-O
323,000
See text.
$340,000, gold ($1,000)_c*\Fidelity Trust Co., Philadlephia, Trustee.
All four issues of notes are guar.,p.&i., by Cin.Trac.Co.
Series "A" and
are 1st mtge. on 50 new cars.
They mature $10,000 every six months from
Oct. 1 1908 to April 1 1918, incl.
Series "B" are a 1st mtge. on 100 new
cars and mature $18,000 every 6 mos. from Jan. 1 1911 to 1920, incl.
V.91,
p. 154.
Series "C" notes are 1st mtge. on 50 new cars.
They mature
$11,000 half-yearly from Jan. 1 1912 to July 1 1921.
V. 93, p. 526.
Series
"D" are a 1st M. on 76 new cars and mature $17,000 half-yearly from Apr. 1
1913 to Oct. 1 1922, incl.
V. 95, p. 889.
Eqnotes"A'$200,000g($l,000) 1908
$360,000/ 1910
6 g A-O
Equip notes Ser"B"
gold ($1,000)
REPORT.—For 12
58,900
1 1899
5 g J-J
750,000 July .1 1919
(Interest at Un. Sav. Bk. & Tr. Co., Cin., Tr.
gold.-
STOCK.—Pref. stock
Interest.
CKT
First mortgage. $750,000
($1,000),
Date.
property and franchises exception Traction
C. D. &
& PORTSMOUTH RR—Steam and
management agreement with the Felicity & Bethel RR.
River & Columbus RR. (a steam road).
V. 93, p. 796.
properties and additions to the present properties.
Bonds.—First mtge. covers holdings of stock of the Cincinnati Traction
and Cincinnati Car Co. owned and controlled by Ohio Trac. and all
Co.
electric.
a
39
OHIO TRACTION CO.
p.407, 666, 939,
123, 206, 278, 1763; V. 97, p. 175.
p.
RAILWAYS
gross,
mos.
$5,087,149; in 1910,
ending Dec. 31 1912, gross, $5,251,399; in 1911,
$5,001,510; in 1909, gross, $4,731,731.
gross,
.
ROAD.—The Cincin. St. Ry. comprises 227.23 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, 23^ in.
OFFICERS.—Pres., W. Kesley Schoepf;
EARNINGS.—For year
ending June 30 1913,
864; fixed charges, $43,884; def., $6,020.
gross,
$109,179; net, $37,-
ROAD.-—Operates 38.14 miles of track from Anderson's Ferry, at Cin
cinnati, to Aurora, Harrison and Lawrenceburg.
OFFICERS.—Pres., J. C. Hooven, Hamilton, O.; Treas. and Gen. Mgr.,
E. M. Gumpf.—V. 78, p. 2011, 2383; V. 96. p. 1839.
Chairman Executive Comm.,
Kesley Schoepf; V.-P., J. B. Foraker Jr; V.-P. & Gen. Mgr., Dana
Stevens; Sec.,'Walter A. Draper; Asst. Sec., D. J. Downing; Treas., W.H.
McAlister; Aud., H. L. Sanders; Asst. Gen. Mgr., T. Fitzgerald; Supt.
Transp.,A. J. Ostendorf; Chief Eng., Thos. Elliott; Pur. Agt., C. Burckmyer.—V. 91, p. 154,1327; V. 93, p. 526; V. 94, p, 206; V. 95, p. 817. 889;
V. 96, p.1156,1364,1488.
W.
C. E. Hoover; Apd.,
(a)
CINCINNATI
MILFORD
& LOVELAND TRACTION
CO.
ORGANIZATION.—Incorporated in Ohio in Sept. 1902 and purchased
franchises and rights of the Cincinnati Milford & Eastern Traction Co.
STOCK AND
BONDS—
Common, $1,000,000 ($100).
Pref, $650,000, 5% cum
Date.
Interest.
Outstanding.
Maturity.
$1,000,000
649,425 No div. yet.
First mortgage, $500,000, g? 1905
5 g J-J
441,000 July 11925
($500)
c*\Int. at Prov,. Sav. Bk. & 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.
Gauge, 5 ft. 2 in.; 70-lb. rails.
Enters Cincinnati over the tracks of the
Cincinnati Traction Co.
OFFICERS.—Pres., B. H. Kroger; Sec., J. Nevin Roberts; Aud., A. C.
Wenzel.—V. 81,
p.
264.
ORGANIZATION.—Incorporated in Ohio
Nov. 3 1902 and is a con¬
solidation of the Cincinnati & Eastern Electric Ry., the Rapid Kail way 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 1st mtge. bonds dated 1903.
V. 85, p. 221, 469.
The 1903
bond issue has been entirely canceled.
In 1908 a new mtge. made, as below.
STOCK AND BONDS—
Date.
on
Interest.
Outstanding.
Maturity
Common, $2,500,000 ($100)
Pref $1,000,000 ($100) 5%
$2,500,000
1,000,000
$1,650,000,/ 1908
5 J-J
See text.
1928
gold
(Int. at Cincinnati Trust Co., Trustee.
Bonds.—Of the $1,650,000 1st mtge. bonds, a small portion has been sold;
the remainder is being used as collateral for loans.
First
mortgage,
EARNINGS.—For calendar year 1912, gross, $330,643.
In 1911, gross,
In 1910, gross, $319,173.
In 1909, gross, $304,641.
$329,487.
ROAD.—Comprises 22 miles of track between Cincinnati and New Rich¬
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cin¬
cinnati to Bethel.
The latter section was leased in Aug. 1906 to the Union
Gas &
Elec., Co. of Cincinnati, but lease canceled Aug. 31 1907.
Gauge.
5 ft. 2X in.
Also owns terminal station on Sycamore St., Cincinnati.
Cars enter Cincinnati over ;the tracks of the Cincinnati Traction Co.
70~lband 97-lb. T rail.
Total track, 101.4 miles, all operated.
OFFICERS.—Pres., Geo. H. Worthington; V.-P., Warren Bicknell; Sec.,
and Treas., J. M. Hutton.—V. 85, p. 221, 469; V. 86, p.
ORGANIZATION.—Incorporated June 21
2$5; V. 95, p. 1331.
1880 and in 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
•STOCK AND BONDS—
Interest.
Par.
Outstanding. Last div.,&c.
Stock, $20,000,000-,
$50
6 Q-J
$18,511,950
See text.
Dividends.—To and including April 1901, 5% per annum; July 1 and
Oct. 1 1901 and Jan. 1 and April 1 1902, 1.3125% each; July 1 1902, Oct. 1
1902, Jan. 1 1903 and April 1 1903, 1.375% each; July 1 and Oct. 1 1903
and Jan. 1 and April 1 1904, each 1.4375%; July 1904, IX %i Oct. 1904.
IX %•
Dividends since have been at the rate of 6% per annum and will
so
INTERURBAN R Y. & TERMINAL CO.—A trolley road.
Cincinnati Street Railway.—Electric.
Was leased on Feb, 21 1901 to the Cincinnati Traction Co. for the unex¬
pired 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 5X % for the first year, 5X% for the sec¬
ond, 5X % for the third and 6% for the fourth year and thereafter.
V.
p. 136.
Franchises, it is claimed by company, mature April 22 1946.
continue to the end of lease and its renewals.
OFFICERS.—Pres., John Kilgour;
Treas., A. J. Becht.—V. 83, p. 1523;
364.
V.-P., Edward Goepper;
Sec. &
V. 84, p. 1551; V.91, p. 1446; V. 97,
p.
(2)
Cincinnati & Hamilton Traction.—A trolley road.
ORGANIZATION.—This company was organized in Aug.
1902
as a
consolidation of the Mill Creek Valley Street Ry. and the Hamilton Glendale
& Cincinnati Traction.
V. 75, p. 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;
$77,000;
$93,500;
1904-05,
1908-09
1912-13
$66,000;
1905-06, $71,500;
1906-07 and
1909-10, $82,500;
1910-11, $88,000;
1914-15, $99,000;
thereafter, $100,000
and
STOCK AND BONDS—
Stock,
com,
1907-08,
1911-12,
to
Date.
$1,100,000 ($100)
Stock, preferred, $1,100,0001
($100), 5%,cumulative—/
....
Interest.
Q-J
Q-J
Outstanding.
Last Div.
$1,100,000 July'13,1%
1,100,000 July '13,1 X.
Dividends.—5% per annum is being paid on the pref. stock.
The first
div. on the com. of X % was paid Jan. 1 1904 and X % was again paid on
April 1, July land Oct. 1 1904.
In 1905,1%; in 1906,1^%; in 1907, 2%;
1908, 2%: in 1909, 2X%\ in 1910, 234%; in 1911 and 1912, 3%; (in
1913, Jan., 1%; April ,1%; July, 1%.
*
in
ROAD.—Owns and operates 31.32 miles of track from the "Zoo" in Cin¬
cinnati to Hamilton and 15 miles from Cincinnati to Lockland.
Gauge,
40
ELECTRIC RAILWAYS
5 ft. 2M 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;
Treas., A. J. Becht, all of Cincinnati.—v. 75, p. 290, 497, 906.
terms
tion the electors ratified the ordinance
(V. 89, p. 1667; V. 90, p. 167, 502).
On July 10 1911 City Council
ordinance amending that of Dec.
1909 providing, among other things, for additions to
capital as required and
particularly for the immediate expenditure of $2,500,000 for impts., extens.
and equipt.
term
The ordinance also provided that the right of the city to pro¬
exten., betterm'ts or impts. shall terminate whenever the unexpired
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 subject to the pbllce
power of the city. Provision is also made for
the
use
of surplus earnings during this
15-yr. period, either in the payment of
or the creation of a s. f. to purchase securities and reduce
floating debt
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
yalue at $3,615,844; total, $21,127,700; agreed value of property purchased from Forest
City Ry. Co., $1,805,600; total valuation, $22,933,300.
To this is added
$1,158,300 interest or rental accrued, making the entire "capital value"
$24,091,600.
The bonded debt of $8,128,000 and floating indebtedness
of Jan. 1 1908,
$1,288,000, or $9,416,000 in all, is deducted, leaving
$14,675,600.
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 of future 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 author¬
ities 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.
On
April 21 1913 the City Council ordered the fare reduced (effective May 1)
from 4 cents for a single fare, or 7 tickets for 25
cents, to 3 cents, or 2
tickets for 5 cents,'with 1 cent for transfers without rebate.
V. 96, p.
1228.
The company protested and C. N.
Duffy, A. B. du Pont and
Federal Judge John M. Killits have been chosen to arbitrate all mat¬
ters in dispute between the
city and the company.
Under the ordin¬
ance, fare to East Cleveland is same as city fare.
Fare for other suburbs
as
5c. or eleven 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 valuation
of the property and permit of the maintenance at all
times of a so-called interest fund of at least
$500,000.
V. 89, p. 1667.
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 the board of traction arbitrators on June
19 1913 on
the legal
points in dispute regarding operation,, allowances, &c., see
V. 97, p. 364.
ORGANIZATION.—In 1908 changed
tric Railway Co.
name
(which had in 1903 taken
from the Cleveland Elec¬
earnings
are
to be equally divided
On Sept. 16 1912 the Ohio P. S. 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. S. Comm.
approved,a
further $3,617,900 to be issued at par to provide funds to retire bonds
which
matured Mar. 1 1913.
Stockholders subscribed for all but about
$180,000,
which will be retained in the treasury.
V. 96, p. 789.
PTOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $35,000,000 ($100)
Q-J
$20,933,200 Oct.'13, lk
First mortgage $35,000,000 g\ 1911
5M-S'
5,495,000 Mch 1 1931
($1,000)
c*/Interest in New York City or Cleveland.
Bonds.—Of the first mortgage of 1911, $5,000,000 auth.
may be issued for
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.
REPORT.—For calendar year:
i
Year.
Gross.
1912
Net.
$6,648,756
$1,713,182
Oth. Inc.
Int.& Txs. Div.(6)
$31,017
Bal.,Def.
$1,783,134— $38,935
1911
6.367,449
1,471,480
55,760
907,989
903,836
28435
Dividends.—First div.—1K%—under new franchise ordinance of
Dec.
1909 paid April 1910 and 1H% quar. since to and incl. Oct. 1913.
ROAD.—Operates
standard;
over
103-lb.
260 miles of track.
Mostly 82,
95,
103 and
girder rails.
260. 526
,
659
,
955, 1498; V. 93, p. 286, 1190; V. 94, p. 350; V. 95, p.
p. 62, 201, 284, 419, 789,1228; V. 97, p.364
175, 236, 480, 749i, 968; Y. 96,
CLEVELAND SOUTHWESTERN & COLUMBUS RY.—A trolley road
In May 1913, stockholders and Ohio P. U. Comm.
approved a plan which
provides for
or
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 ror 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
STOCK AND BONDS—
Common $4,236,000 ($100)
Date.
Interest.
$4,236,000.
Outstanding.
$4,236,000
Pref $2,500,000 5% cum ($100)
VwFirst general consol mortgage
1907
5 A-O
Maturity.
.,
2,412,000
Z
945,000 April 1 1927
$10,000,000 ($l,000)g c*&rj Int. at Cleveland Tr. Co., Cleve., Trustee.
Cleveland & Elyria first mort¬
1895
6 M-N
200,000 May 1 191$
age
on
18 miles
($500) Interest at Citizens' Savings & Trust Co.,
.' Cleveland, Trustee,'
ubject to call.
Elyria & Oberlin first mort¬
1897 * 6 F-A
100,000 Aug 1 1917
age on 9 miles ($500) gold Interest at Cleveland Trust
Co., Trustee.
_
lubject to call'.
Clev Ber Elyr & Oberlin cons
M $500,000 g ($1,000 each)
J?.
r
1899
5 g M-S
■
,
127,000 Mch. 1 1919
Interest at Cleveland Trust Co., Trustee.
'
Subject to call.
j
Cleveland Elyria & Western'
1900
5 g F-A
1,073,000 Aug. 1 1920
first mortgage $1,500,000 Int. at Cleve. Tr.
Co., Cleve., Trustee, or at
Nat. Bank of Commerce in N. Y.,
($1,000) gold
c&r
May be
called at 100.
Elyria Grafton & Southern
1902
5 g J-J
100,000 Jan. 1 1922
Ry first mortgage guar¬ Interest at Cleveland Trust Co., Cleveland,
.
anteed by C E & W($100,-
Trustee, and Trust Co. of America, N. Y.,
Can be called at par.
1900
6 A-O
110,000 April 1 1920
Int. at Guardian S. & Tr. Co., Cleveland,
000 ($1,000) gold
c*
Norwalk Gas & Electric first
mtge, $110,000 ($500),
Subject to call.
g.
[
Trustee, or Chase National Bank, N. Y.
1903
5 g F-A
$1,400,000 Feb 1 1923
mortgage Int. at Guardian Sav. & Tr. Co., Cleveland,
$3,000,000 ($1,000) g-c&r
Trustee, or Equitable Trust Co., N. Y.
Ohio O Trac first mortgage ; 1899
5 g J-D
150,000 June 1 1919
$150,000 ($1,000), golcLc* Int. N. Haven Tr. Co., N. Hav., Conn., Tr.
Ohio Central Traction consol¬
1903
5 g M-S
250,000 Mar 1 1923
idated mortgage $400,000 Int. at'Cleve. Tr. Co., Cleveland, Trustee, or
at National Bank of Commerce, N. Y.
($500), gold
j
c*
Bonds.—Of the $10,000,000 new bonds, $3,510,000 are reserved for
prior
liens and $5,545,000 for extensions, improvements, &c.
They are sub¬
ject to call after 10 years at 105 and accrued interest.
The Cleveland
& Southwestern bonds of 1903 are subj. to call on and after Feb. 1 1913 at
105 and int.
$1,600,000 of this issue are reserved to retire certain under¬
lying bonds.
Of the Cleveland Berea Elyria & Oberlin 5s dated March 1 1899, $300,000
remain in reserve for the retirement at or before maturity of the divisional
6s to a like amount.
Of the $1,500,000 Cleveland
Elyria & Western new
5s, $427,000 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
Cleveland
first
&
and
Southwestern
consol
,
of consols, are reserved to retire
a
like amount of first 5s.
First mortgage
originally $200,000 authorized, but $50,000 canceled subsequently.
was
EARNINGS.—For
Year—
...
years:
Gross.
Net.
$1,182,156
1,128,622
$488,627
487,441
'
1912
1911
calendar
.
Other Inc.
$1,175 1
7,740
Int. & Taxes.
Surplus.-
$373,113
363,523
$116,689
131,658
ROAD.—Operates 209 miles of track (of which 132 miles are on private
right of way) in and from Cleveland to Berea, Elyria, Oberlin, Norwalk,
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.
'
OFFICERS.—Pres., F. E. Myers; 1st V.-P.,
;
2d V.-P.*
L. J. Wolf; Sec. & Gen. Mgr., E. F. Schneider; Treas., J. O, Wilson; Audi¬
tor, H. B. Cavanaugh.
General office, Cleveland.—V. 84, p. 569, 748, 995,
1113; V. 85, p. 283; V. 88, p. 294, 504; V. 90, p. 913; V. 92, p. 260; V. 94,
p.
982; V. 95, p. 1607; V. 96,
(1)
p.
947, 1296, 1556.
Mansfield Railway, Light & Power Co.—A trolley road.
In 1907 control passed to
the Clev. Southwestern & Columbus Ry. Co.
:
(1) authorizing $2,000,000 6% cun*» pref. stock to be known
1st pref., present issue to be $1,500,000;
on
divs.Q.-J. (No. 1, July 1 1913).
any div. date, or upon involuntary liquidation, at 110 and divs.,
in case of merger at 105 and div.
(2) The classification of the present
J>ref.share,
stockthe
as holders
2d pref.of
(present
pref. to be exchanged for new 2d pref., share
present stock waiving accumulated divs.) and fixing
or
the divs. to accumulate thereon at
4% for 1914, 5% for 1915 and 6% for
1016 and thereafter.
(3) Authorizing a mtge. to Citizens' Sav. & 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
ORGANIZATION.—Successor
$5,103,000
in April
1903 to the Citizens'
Electric
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $650,000 ($100)
$650,000
Pref, $350,000 ($100), 6% cum
350,000
1907,6%
Citizens' first mtge
($400,-1 1901
5
*
200,000 April 1 1923
000) ($500)
/Interest at Cleveland Trust Co., Cleve., Tr.
Mans RyLt&P gen mtge $1,-1 1903
5 g A-O
742,000 April 1 1Q18000,000 ($500 & $1,000).c*J Union Sav. Bk. & Tr. Co., Cin., Trustee.
—
Bonds.—Interest
Power
Co.
is
on
the
bonds
new
of the Mansfield
Railway Light &
payable at Rudolph Kleybolte & Co.'s office, New York,
Cincinnati and Chicago.
$200,000 of the new bonds are reserved to retire
the Bonds of the old Citizens' Company and $58,000 for future acquisitions
and
improvements.
A reserve fund of $10,000
be used for extens. and impts.
per annum
Not subj. to call.
is maintained, to
See V. 76, p. 810.
Earnings.—For cal. year 1912, gross, $231,179; net, after taxes, $80,412;
bond int., $47,100; surplus, $33,312.
ROAD.—Owns and operates 9 miles of track in Mansfield and an inter¬
and 70-lb. T rail.
40 cars.—V. 78, P2442; V. 83, p. 1291; V. 85, p. 284; V. 95, p. 1542; V. 96, p. 63.
urban line of 12 miles to Shelby; 60
CLEVELAND PAINESVILLE & EASTERN RR.—{See
map on page
41 .>
ORGANIZATION, &c.—Incorporated in Ohio on April 25 1895.
Road
completed in July 1908.
Franchises expire from 1920 to 1935.
In June
1906 acquired control of the Clev. Painesv. & Ash. RR. V.82, p.1322, 1379.
On Jan. 25 1911 stockholders voted to increase authorized stock from
V. 92, p. 260.
1912 the Ohio Pub. Serv. Comm. granted permission to issue
$2,000,000 to $3,500,000.
In Dec.
$62,000 ref.
and ext.
,
,
bonds for improvements.
Date.
STOCK AND BONDS—
Stock, $3,500,000 (par $100)--
OFFICERS.—Pres., J. J. Stanley; V.Ps., C. F. Emery and R. A. Har
man; Sec. & Treas., H. J. Davies; Asst. Treas., Wm. J. Mead; Gen.
Mgr.,
G. L. Radcliffe; Aud., Thos. P.
Kilfoyle.—V. 91, p. 214, 1327, 1710; V. 92,
Red.
see Y. 83, p.
1590.
Also owns the Norwalk Gas &
In 1907 acquired $505,000 of the
$650,000 common stock of
Railway, Light & Power Co., which in turn was successor to the Mansfield
Electric Street Ry.
Owns entire street railway and electric-light systems
in the city.
City franchise runs till 1925.
expenses, including interest, the surplus
between the two companies.
as
exchange
the Mansfield
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 Broad¬
way line on Miles Ave. to the North Randall race-track and fair
grounds,
3K miles.
The road was placed in operation July 29 1912.
The North
Randall Ry. guarantees the
company against loss.
After payment of all
p.
floating
p. 947,
1607; V. 96,
Receivership.—On Nov. 25 1912 Judge Edwin Mansfield of the Common
Pleas Court ordered the dissolution of the company, the appointment of a
receiver and the sale of the property.
S.N. Ford was appointed receiver
on Dec". 30 1912 and was directed to sell the
property within 4 months.
Application was made by several holders of pref. stock who objected to
further purch. of com. stock by C. S. W. & C. Ry. and who alleged that the
property was being handled in the interests of that company.
No divs.
on pref. stock have been paid since 1907.
V. 95, p. 1542; V. 96, p. 63.
000,000.
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 ($100)
valuation.
The Forest City Ry. (which had first absorbed the Low
Fare
Ry.) was purchased for $1,805,600 stock of Cleveland Ry., the shares of the
Forest City Ry. being accepted at their
par ($100) value.
Early in 1912 made a contract with the Cleveland Electric
141-lb.
See V. 95, p.
the Cleveland City Ry.)
Railway Co., and authorized new stock to the amount of $35;The old stock of Cleveland Electric Ry. was given a valuation
over
to Cleveland
,
of
Electric Co.
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, plus
10% thereof, the city at the time of such purchase assuming and agreeing
to pay, in addition
thereto, all the obligations, indebtedness and liabilities
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 deailng
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 of same amount.
On Feb. 17 1910 at a referendum elec¬
pose
underlying bonds.
1296, 1556.
ORGANIZATION.—Incorporated in Ohio on March 4 1907 and is a
consolidation of the Cleveland & Southwestern Traction
Co., the Cleveland
Ashland & Mansfield Traction Co. and the Ohio Central Traction Co.
For
CLEVELAND, OHIO.
an
xcvii.
bonds thereunder for the payment of certain of the bonded and
debt and to retire
Sec. &
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.
passed
[Vol.
-
= -r
Interest.
Outstanding.
Maturity.
=—$2,500,000
1896
5 g A-O
500,000 April 1 1916
$500,000,
gold ($1,000 each)
c* Interest at Morton Trust Co., N. Y., or
Cleveland Trust Co., Clev., Trustee..
1898
5 A-O
Consolidated mortgage, $2,1,131,000 Oct 1 1918
Int. at Citizens' Sav. & Tr. Co., Cleve»»
000,000 ($1,000), gold
Trustee, or Trust Co. of America, N. Y.
1908
5 g M-N
Ref and extension mtge, $5,792,000 May 1 1948
000,000, gold ($1,000)—c* Int. at Clevel Trust Co., Cleveland, Trustee,
or company s agency in New York.
First
mortgage,
,
$2,000,000 consols authorized, $500,000 are reserved
underlying liens.
It is provided in new refunding and extension
mortgage that remaining consols cannot be issued.
Of the refund, and
extension bonds, $132,000 are in treasury, $1,631,000 are reserved to retire
prior liens, and $2,577,000 are reserved for future extensions and improve¬
ments, 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. ,
Bonds.—Of
to retire
the
$
I
H-4
<!
Ph
O
t—i
Ph
H
O
3
*5
t—*
e«
&
OQ
42
ELECTRIC RAILWAYS
ROAD.—Owns road
24.02 miles
from Euclid, Ohio, to Painesville and Fairport.
("Main Line"), and uses Cleveland Electric Ry. from Euclid
extending
to Public Square, Cleveland, 10 miles; also owns "Shore Line,"
from Willoughby to Glenville, Ohio, 14.89 miles, and uses the
Cleveland
Electric Railway Co.'s track from Glenville to the Public Square, Cleveland,
5 miles.
Total track operated (including 4H miles of double), 46Yt miles.
With the Cleve. Painesv. & Ashtabula forms a continuous line from Cleve¬
land to Ashtabula.
46 motor cars and 8 other cars.
Power-house is at
Painesville.
Car-houses at Willoughby, Painesville and Nottingham.
REPORT.—For years ending Dec. 31:
1912.
1911.
Gross
earnings
Expenses
______
Net—
Fixed'chgs. & taxes._
Surplus
1909.
1908.
$366,143
189,105
$355,469
175,169
$321,173
163,909
$305,745
168,494
$196,962
138,787
$176,948
113,045
$180,300
106,618
$157,264
101,283
$137,251
98,736
$58,175
$63,903
$73,682
$55,981
$40,515
OFFICERS.—Pres., E. W. Moore; V.-P., J. A. Beidler; V.-P. & Gen.
Mgr., J. Jordan; Treas., E. V. Hale; Sec., Fred. S. Borton; Asst. Sec. and
Treas., E. L. Schmock, Willoughby, Ohio.—Y. 88, p. 374, 1313, 1615;
V. 90, p. 621; V. 92, p. 260, 391; V. 93,
p. 1785; V. 94, p. 692: V. 96, p.
o59#
55o.
(
(1) Cleveland Painesville & Ashtabula RR.—A trolley road.
En¬
tirely over private tight of way, except through some of the villages, where
franchises expire in 1927.
ORGANIZATION.—Incorporated in Ohio in 1902.
i
STOCK AND BONDS—
Date.
Interest.
Outstanding.'
Maturity.
Stock, $1,000,000 ($100)
$1,000,000
First
mortgage
$1,000,0001 1902
5 g J-J
990,000 July 1 1922
gold ($1,000)
c*/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.
REPORT.—For years ending Dec. 31:
Years—
-$143,281
141,313
1911
.
Int. & Taxes.
Balance.
$66,752
57,977
def.$27,236
def. 20,298
ROAD.—Operates 25 miles of track between Painesville and Ashtabula.
1332, 1379; V. 86,
p.
337; V. 88,
p.
374; V. 92,
p.
322.
CLEVELAND & EASTERN TRACTION CO.—A trolley road.
ORGANIZATION^—Incorporated in Ohio
the Cleveland & Eastern division (V. 90,
p.
tion Co. per plan in V. 89, p. 1541, 1596.
on
STOCK AND BONDS—
F.
&
N.
bonds
ann.;
$132,500 bonds are held in
on the division betwee
Toledo and Norwalk; the L. & O. 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. cn the divisions noted above.
are
a
first
lien
amount
div. on 1st pref., l\i%, paid
quarterly since to and including Oct. 1913.
REPORT.—For years ending Dec. 31
Sandusky Fremont & Southern Ry.
Net (after
Year—
Gross.
1910; same
1
See report in V. 96, p. 550.
Other
Divs.on
Income.
Interest.
1st Pref.
$25,000
$322,701
$60,000
25,000
319,276
60,000
Taxes).
$447,455
457,109
1912—I
$1,052,518
1911—_— 1,009,639
Oct.
,not incl. Lorain Street RR. nor
Surplus.
$89,754
102,833
ROAD.Operates 172 miles, extending from Cleveland to Toledo and
Sandusky, and from Sandusky to Norwalk; also city lines in Sandusky;
70 to 100-lb. rails.
Through line from Clev. to Toledo was
standard gauge;
opened for business about Aug. 26 1902.
In addition owns the Sandusky
Fremont & Southern, 20 miles, and the Lorain Street RR., 24.77 miles,
72 passenger, 5 baggage, 17 work and 47
making a total of 216.77 miles.
freight cars.
Total, 141.
,
OFFICERS.—Pres., E. W. Moore, Cleveland and N. Y.; V.-P's., H. A.
Everett and W. H. Price, Cleveland; V.-P. and Gen. Mgr., F. W. Coen,
Sandusky, O.; Sec. & Treas., Jno. Witt, Cleveland.—V. 91,
262, 457; V. 94, p. 413; V. 95, p. 297; V. 96, p. 360, 550.
p.
790; V. 92,
p.
•
•
Lorain Street Railroad Co.—A trolley road.
(1)
ORGANIZATION.—Incorporated in Ohio
on
Aug. 3 1906 and is
a con¬
solidation of the Lorain St. Railway and the Avon Beach & Southern RR.
Entire stock and $500,000 new consols owned by the Lake Shore Elec. Ry.
on
private right-of-way except three miles in Lorain and Elyria,
which franchises run until
1919.
STOCK & BONDS—
Par. Date.
Interest.
Outstanding.
Maturity.
$2,000,000
$100
$2,000,000
Lor
St
Ry,
1st M,] 1,000 1894
6 J-J
200,000
Jan 1 1915
$200,000
__[Interest at Guardian Trust Co., Cleveland, Trustee.
Lor
St
Ry cons M,/ 1,000 1899_
5 g M-N
550,000 Nov 1 1949
$750,000,g,$l,000.c* .Interest at Guaranty Trust Co., N. Y., Trustee.
First consol mtge, $2,1,000 1906
5 g J-J
500,000 July 1 1936
000,000, gold, guar Interest at Citizens' Savings & Trust Co., Cleve¬
($1,000)
_c*
land, Trustee, or Agency in New York.
Stock,
-
be accompanied by 60% in pref. stock
Date.
Interest.
Outstanding.
Maturity.
$381,600
465,865
First mortgage,
$1,000,000,/ 1910
5 g J-J
764,000 July 11932
gold ($1,000)
c*flnt. at Guardian Sav. & Tr; Co., Clev., Trus.
Bonds.—Remaining bonds reserved for extensions, &c.
Bonds subject
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.
Common, $600,000 ($100).
Pref, $500,000, 5% n-c ($100).
T.
Lien.—The
Bonds'.—Of the $2,000,000
May 18 1910 to succeed
1613) cf the Eastern Ohio Trac¬
Has applied to Ohio State Utilities Comm. for permission to issue $54,000
1st M. bonds, $32,400 pref. and $27,000 com. stock for impts. (V. 96, p.
1296), bonds tq be sold at 80 and to
and 50% in common.
$20,000 per ann.; 1915 to 1919, $30,000 per
sinking fund.
on
Put in full operation on July 30 1904 .
70-lb. 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.
days' notice.
A sinking fund on the T. F. & N. bonds of $10,000
commenced in 1905 and runs to 1909, incl.; from 1910 to 1914,
per annum
Operates
Net.
$39,516
37,679
Gross.
1912
xcvii.
be canceled.
The L. & O. bonds can be called after July 1 1917 at par and
int.
The T. F. & N. bonds can be called at 110 and int. on any int. date
upon 90
Dividends.—Initial
1910.
$386,967
190,005
—
[Vol.
$750,000
are
reserved for prior
EARNINGS.—For calendar year 1912, gross, $179,249;
$73,625;
net, after taxes,
int., $64,500; surplus, $9,125,
In 1911, gross, $173,110; net,
$80,397; int., $64,500; surplus, $15,897.
„
after taxes,
ROAD.—Operates
Beach Park.
(2)
____
EARNINGS.—For calendar year 1912, gross, $195,226; net, $75,629
charges, $47,684; surplus, $27,945.
In 1911, gross, $193,473; net, $64,303.
bonds,
new
liens and $750,000 for extensions, &c.
They are guar., prin. and int., by
endorsement by the Lake Shore Electric Ry.
The
24.77
miles of track
24 cars.
between
SanduSky
Fremont
&
Southern
ORGANIZATION.—Incorporated
April i906.
part
STOCK AND
BONDS—
and
mortgage,
Is operated
between Cleveland and
Private right of way.
Date.
Interest.
Outstanding.
Maturity.
—Owned by the Lake Shore Electric Ry.—
Stock, $2,000,000
First
Lorain
Ry.
in Ohio in
of main line of Lake Shore Electric Ry.
Toledo.
Lake Shore Elec. Ry. owns entire stock.
as
Elyria,
Standard gauge.
$2,000,000,/ 1906
5 g J-J
$645,000 July 1 1936
and
ROAD.—Operates 40 miles of track from Cleveland to Chardon, Burton
Middlefield, Ohio.
Standard gauge.
60-lb. T rails. Has abandoned
power plant and purchases power from Cleveland Electric Ilium. Co.
gold ($1,000), guar_____c*lint, at Citizens Sav. & Trust Co., Cleve.,
[
Trustee, or at Agency in New York.
Bonds.—Are guaranteed, prin. and int., by endorsement, by the Lake
Shore Elec. Ry.; not subject to call.
See V. 83, p. 1099.
OFFICERS.—Pres., H. P. Mcintosh; V.-P., Clark Ford; Sec. and
Robt. D. Beatty; Treas., O. A. Taylor.
Office, 701 Electric
Bldg.,Cleveland, O.—V. 91, p. 154, 336.
$25,983;
Gen. Mgr.,
*
EARNINGS.—For calendar year
interest, $32,250;
1912,
gross,
$70,116;
net, after taxes,
deficit, $6,267.
ROAD.—Operates a line from Sandusky to Fremont, 20 miles.
—V. 83, p. 97. 1099.
*
14 cars.
CLEVELAND YOUNQSTOWN & EASTERN RY. CO.
ORGANIZATION.—Incorporated in Ohio
on
June 1 1906
On Mar. 1
1910 acquired the Cleve. & Chagrin Falls Ry. (incorporated Feb. 18 1910
to take over the Clev. &
Chag. Div. of the East. Ohio Trac., sold Feb. 5 *10)
STOCK AND BONDS—
Date.
Stock, $152,500 ($100).
Interest.
^
Clev & Ch Falls 1st M$3Q0.-/ 1910
000 g ($100 & $500)
c*flnt. at
Outstanding.
#
Maturity.
$152,500
251,900 Jan
1 1930
Guardian Sav. & Tr. Co., Clev., Trus.
figJ-J
Clev Y & E Ry mtg
$52,000/ 1910 " 6 g J-J
52,000 Jan
1 191£
gold ($1,000) see text
c*[Int. at Citizens' Sav. & Tr. Co., Clev.,Trus.
Bonds.—Clev. & Chag. Falls bonds subj. to call any or all on any int.
date at
102K and int.; $48,100 are in treasury.
C. Y. & E. Ry. bonds
subj. to call, any or all, at par and int.
They pre 1st M: on line between
Chagrin Falls and Garrettsville and 2d mtge. on line between Cleveland
and Chagrin
1912, gross, $111,442; net, $34,489;
In 1911, gross, $110,510;,net, $35,476.
ROAD.—Operates 37 miles of line between Cleveland, Chagrin Falls and
Garrettsville.
Standard gauge;
60 and 70-lb. T rail.
OFFICERS.—Pres., H. P» Mcintosh; V.-P., H. Clark Ford; Sec. & Mgr.,
Robt. D. Beatty; Treas., O. A. Taylor.
•
LAKE SHORE ELECTRIC RY.—(See Map on page AS.)
cum.
pref. stock of $3,000,000 into $1,000,000 6% cum. 1st pref. and $2,non-cum. 2d pref. stock; V. 90, p. 698.
At the same time
000,000 5%
dividends 'on
the
old
pref. stock (part of which had been
issued later than the rest) were adjusted.
V. 90, p. 1170,1296; V. 91, p.790.
During 1912 a contract was made for the purchase of the entire output
of the Sandusky River Power Co., which is installing near the Fremont
plant a hydro-electric plant of 4,950 k. w. capacity.
On July 27 1912 Ohio Utilities Comm. auth.
company to sell $116,000
additional gen. mtge. bonds.
V. 95, p. 297.
These have been issued and
are held in
treasury.
STOCK AND
BONDS—
Date.
Common, $4,500,000 (par $100)
1stpf$l,000,000($100)6% cum
2d pf $2,000,000($100)5% n-c
First
cons
($1,000),
General
ing.
Funded debt consists of $400,000 ($1,000) auth. and out. 5% 1st M*
bonds (c&r), dated 1906, due Mar. 31 1926, int. A. & O. at 111. Tr. & Sav
Bank, Chicago, Trustee.
$152,500; net, $67,840.
Subject to call at 105.
Earnings for 1912, gross.
In 1911, gross, $143,782; net, $62,428.
OFFICERS.—Pres., C. H. Young;
V.-P., D. Langan;
Sec.,
Schuyler; Treas., C. C. Coan; Gen. Mgr., Bernard Bonnsen.
A.
L.
mtge,
gold
mtge,
Interest.
Q-J
Outstanding.
Maturity.
$4,500,000
1,000,000 Oct. '13 ,1H
2,000,000 No div. yet.
1,690,000 Jan
1 1923
$4,000,000/ 1903
5 g J-J
c*{Int. at Citizens' Sav. & Tr. Co., Cleveland.
I
Trustee, or Trust Co., of America, N. Y.
$7,000,009/
1903
5 g F-A
2,255,000 Feb
11933
Int. at Citizens' Sav. & Tr. Co., Cleveland,
($1,000), gold
c* ~
Trustee, or company's agency in N. Y.
Lorain & Cleveland 1st, gold
1897
5 g J-J
750,000 July 1 1927
Interest at Cleveland Trust Co., Trustee, or
($1,000), $1,000,000
Trust Co. of America, New York.
T F & N 1st M $1,500,000 g
1900
5 g J-J
1,500,000 Jan
11920
guar ($500, $1,000)
c* lint, at Union Trust Co., Detroit, Trustee.
Bonds.—Of the $4,000,000 first consols, $2,250,000 are reserved to retire
Srior
have been
canceled;
$4,000,000
the$745,000
general, mortgage
per liens;
cents $60,000
reserved
to retire
the first
consols of
and
(of which
are
$116,000 have been certified by the trustee and are in treasury) for exten¬
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
runs until 1914.
From 1920 to 1922, incl., $30,000 bonds per annum are to
sions and
COFFEYVILLE, KAN.
TRACTION CO.
THE UNION
•
ORGANIZATION.—Incorporated Sept. 28 1906 in Kansas.
Franchises
expire 1957.
Road is on private right of way except in Coffeyville and
Independence.
In Oct. 1911 Kansas Public Utility Commission granted authority to issue
$350,000 2d mtge. bonds ($100,000 issued).
V. 93, p. 591.
STOCK AND BONDS—
ORGANIZATION.—The Lake Shore Electric Ry. was,incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain & Cleve¬
land Ry., the Sandusky & Interurban Ry., the Sandusky Norwalk & South¬
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
hald were in 1908 stated to have an average life of 15 years.
Company has
traffic agreement by which it entprs the cities of Cleveland and Toledo
over the tracks of the local street railway systems.
In June 1911, through
service was inaugurated; between Cleveland and Lima via Sandusky and
Fremont, a distance of 165 piiles.
Also through service between Cleveland
and Detroit, 180 miles.
Controls the Lorain Street RR. and the Sandusky Fremont & Southern
Ry., which see below.
In 1907 made contract to supply power to the
Toledo Findlay & Fostopitrand several other roads.
V. 85, p. 1646.
In 1910 charter W3s^m ended so as to transform the then
existing 5%
accumulated
Clinton*'
Falls.
EARNINGS.—For calendar year
charges, $23,706; surplus, $10,783.
*
CLINTON, IOWA.
CLINTON STREET RY.—Operates 15 miles of track in city of
Main line franchise perpetual; others limited to 25 years from Mar. 1913*
72 to 80-lb. T rail.
Stock $600,000 ($100), of which $599,800 is outstand¬
Interest.
Date.
Stock, $500,000..
$1,000,000, gold/ 1907
($1,000). sinking fund.
[Warren
Second mortgage
First mtge,
___
Bonds.—1st M. bonds
Outstanding.
Maturity.
$500,000
See text.
5 J-J
1.000,000
Jan 1 1937
(Pa.) Trust Co., Trustee.
6%
100.000
red. ann. by lot at 105 and int., beginning Jan.
1912, through s. f.; $12,000 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.—6% is being paid on the stock.
are
ROAD.—Operates 47 M miles of road, of which 9M m. in Coffeyville, 7 m
31 miles of interurban between Coffeyville, Independ¬
* 70-lb. T rail.
Is building an extension from Coffey¬
ville to Parsons, 19 miles.
Has also commenced construction of a line
south from Independence, Kan., to Bartlesville, Okla.
in Independence and
ence and Cherry vale.
OFFICERS.—Pres., D. H. Siggins, Warren, Pa.; Sec., H. A. Siggins;
Treas., Sam. Q. Smith.—V. 90, p. 1172; V. 91, p. 590; V. 92, p. 120;
1727; V. 95, p. 49, 1474,
V. 93, p. 591,
COLORADO
COLORADO
SPRINGS
&
SPRINGS, COL.
INTERURBAN
RY.
ORGANIZATION.—Incorporated in Aug. 1902 as
Colorado Springs
a
consolidation of the
Rapid Transit Ry. and the Colorado Springs & Suburban
has issued $1,500,000 stock, of which
$500,000 pref.
Bonds ($1,000, 5, M -S., due Sept. 1932, Central Trust Co.,
N. Y., trustee) auth., $1,500,000; issued, $1,000,000; $500,000 reserved for
Ry.
The consolidated
company
Other information refused—"is a close corporation and
underlying bonds.
has neither stocks nor bonds on the market."
old Colorado Springs
Facts below relate solely to the
Rapid Transit Ry.
Colorado Springs Rapid Transit Ry.
STOCK & BONDS— Miles. Date.
Stock
(par $100)__^1
for
$500,000, gold____\
Interest Is
Interest.
—
1st M, $1,000 each.
7M 1890
Consol M, $1,000 each,/27
_1891
ich.Jl
6 A-O
Outstanding.
Maturity.
$500,000 f.p._
338,000
See text.
162,000
Apr 1 1921
_6 g A-0
Central Trust Co., New York, Trustee.
.
_
payable at Chemical National Bank, New York City.
Consolidated mortgage limited to $500,000 by cancellation of $250,000 of
$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.
the bonds;
ROAD.—Owns
38 miles of track.
OFFICERS.—Pres., D. H. Rice; V.-P., W. Lennox;
Treas., C. S. Chamberlin.—V. 70, p. 75, 175, 328.
Sec., Wm. Lloy ";
.Conneauf^HartSc
oderman
MAP OP THE
Point Pelei
LAKE
SHORE ELECTRIC
s^Sltferman^
RAILWAY
PblNT^PELEi
-yons
*
lvanja\ft^S^^jA
*• iletamora
J^jig
SYSTEM.
X
SUBSTATIONS
O
®
POWER HOUSES
fnionvilli
JEKFERSON
ELECTRIC LIGHT SUPPLIED
OLEDO^i
Dorset
^.Homestead
—*p'
P*,vanton
[KELLEY8
1
*Pera^s®rf
V ICIA M A
LJj_eu»?y />
Delta Sta.
GENOA
V
^AffBlEHEAO
Watervilli
Dowlin;
»OOSKY X'
Vdmore_,
PembervHl'
^odviule
v<
iapoleon
s.
T&
E
Q,
—-NyfVuvtice.,
Maumee^
WABASE
Wauseon
I
_
'OUTH BASS
'
K
4tA
McClure
XBowlinq
weston/f
o
BURTONV-?
<Po—-r
£hagr!n Falls
West
Green*
r,
>1 1
^^^Shawville
B^aandr!
C U
ELYRIAj
O
Rudolph
1
Risings
5
f. Burgoo^1fVenS
3j"
Hiram
ERLIN
Peninsula
4^>?WELLI N GT.O N
Ohio
_V/M
edina
CUYAHOGA
W FFIN
Fajrlawti
Xl-ON
Chippewa
New London
| p ^^^Ai^adia[
Cortland
Indepeiidence\y-—trt*<
\
I
ORWALK
Mortimer
Farmington
GARRETT8VILLE
\f\ 0
W.MillgixAel
YORK
GfvA-
BERLIN
HEIGHTS
CLVD
Cygnet
NEW
IC
Y A HVO
Attica
j£
MineraLmdge
FALLS
\>J
'°,
Lake
VFINDLAY
LOO
ohT©
Attica;
Glendorf /Ottawa
Greenwich
Carrolhera
West Salem
Chatfield,
^ J
Columbus
Grove
CoiA ^
Bluffiton
nor.
Jrestom
nihingtbn
OHIO
Mt.Blanchard
Canal
^Fulton
Ashland
Arlington
Ifrville
>per
Dunkirk
Bucyrus
Sandui
CANTON
Crestline,
Apple
PENNA,
Bayard
Lisbon
Creek/
Gallon
Frederickburg
;
Caledonia
Bellville
\
\
CAR Ri O L L\
Butler
VML Vernon
Slatei
/^v Mt.Gilead f
M/Qs/RROWi
P
Rushgylvania
Richwoodi
>/W.Mansfield
Ashley
Carilington
Saline ville
■ralClty
>udonville
M
E
S
-i
VCarrollton
Irondale
Millersburg
Toronto'
Killbuck
41
ELECTRIC
COLUMBIA,
COLUMBIA
RAILWAY.
GAS
&
S.
RAILWAYS
xcvii.
OFFICERS.—Pres., Wm. G. Irwin; V.-P., L. I. Sweeney; Sec. Sc Treas.,
Hugh Miller; Gen. Mgr., Chester P. Wilson, all of Columbus, Ind.—V. 77
823; V. 78, p. 1446; V. 82. p. 928, 1212; V. 86, p. 421; V. 95, p. 680.
C.
ELECTRIC
[VOL.
CO.
p.
ORGANIZATION.—Name changed from Columbia Electric Street Rail¬
Light & Power to the above on May 15 1911.
V. 92, p. 1374.
Is a
consolidation on July 1 1905 of the Columbia Electric Street
Railway, Light
& Power Co. and the Columbia Water Power Co.
The first-mentioned was
way,
organized in So. Caro. Jan. 6 1892 and was a consolidation of the Columbia
Electric & Suburban Ry. Co. and the Congaree Gas & Electric Co.
Ac¬
quired 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.
Gas franchises granted by State and city franchises covering
all departments are without limit of time.
In June 1912
acquired the Parr Shoals Power
Co. (stock $2,000,000
com.,
$300,000 pref.), which is building a dam and 18,000 k. w. hydro-electric
plant on the Broad River near Alston, S. C., 27 X miles northwest of Colum¬
bia, to supply the requirements of the controlling company.
V. 95, p. 1122.
STOCK AND BONDS—
Date.
InterestOutstanding.
Common, $2,000,000 ($100)..
PT$ 100)1'000'°°°' 6
First
CUm'}
Maturity.
$2,000,000
-
Q"J
831,600 July '13,1H
mortgage"$7^500,000", f 1911
5 J-J
c*{lnt. at co.'s office
2,454,000 July 1 1936
its agency in N, Y.
gold ($1,000)
or at
1 Columbia-Knickerbocker Tr.Co. ,N.'Y. ,Trus.
1st mtge, $3,-J 1912
5 g A-O
2,700,000
Oct 1 1952
000,000 ($1,000), gold
(Columbia-Knickerbocker Trust Co., Trustee.
Col Canal Co mtge,
$200,000.
6%
;
.200,000
See text.
Bonds.—Of the outstanding first mtge. bonds of 1911, $60,000 are deposi¬
ted to guar. int. on Canal Co. 6s.
Of unissued bonds, $200,000 are reserved
to retire Canal Co. bonds and
$4,846,000 for improvements, additions, ac¬
quisitions, &c., under certain restrictions.
Bonds are subject to call on any
int. date at 105 and int.
Since July 1 1912 an amount equal to 1 % of bonds
out must be expended for
impts., &c., against which no bonds may there¬
after be issued, and
beginning Dec. 15 1915 a further 1% for retirement of
bonds.
See V. 93, p. 229.
Columbia Canal Co. bonas mature $100,000
Jan. 1 1918 and $l0O,OOO Jan. 1 1919.
Parr Shoals Power bonds are guar.,
Parr Shoals P
p. & i., by the Columbia Ry., Gas & Elec. Co.
Sinking fund of 1% of
bonds out.
They are subj. to cail at 105 and int.
Int. payable in N. Y.
Dividends.—First div. on pref.—3%—paid July 1 1906; Jan. 1907, 3%.
Subsequent divs. passed (all surplus being put into property) until July
1911, when 1X% was paid; same amount quar. since to and incl. July 1913.
EARNINGS.—For calendar year 1912, gross, $601,991; fnet, after taxes.
$300,977; interest charges, $132,506; surplus, $168,471.
ROAD.—Operates 23.16 miles of track; 50 cars.
Also does all the gas,
electric-light and steam and hydro-electric power business in Columbia.
Owns 2 power plants with a total capacity of about 14,000 h.
p.
COLUMBUS, OHIO.
COLUMBUS RY. & LIGHT CO.—Trolley and electric light.
Proposed Reorganization.—E. W. Clark & Co. having taken charge of
the properties, negotiations are in progress to rehabilitate the
property.
Early in 1913 the Columbus Traction Co. changed its name to the Col. Ry.
Power & Lt. Co. and on Apr. 22 1913 it was granted
permission to increase
its stock from $1,000,000 to $10,226,800
(the new stock, $9,226,800, to
consist of $1,163,040 series A 6% pref., $4,353,260 series B
5% pref. stock,
to be participating up to 6%, and
$3,710,500 common stock) in order to
carry out a plan for the merging of the Col. Ry. & Lt. Co. and its various
operating companies.
The plan includes a 20% assessment on Col. Ry. &
Lt. stock to pay debts of $991,209.
As to abstract of plan, see V. 96, p.
1839.
In May 1913 asked the Ohio Public Service Commission for permis¬
sion to issue $1,353,930 additional common stock to provide
$500,000 work¬
ing capital, to pay debt of underlying cos. to Col. Ry. & Lt. Co., $534,630,
and to purchase certain bonds now owned by Col. Ry. &
Lt., which is to get
$3,000,000 of the common stock of the consolidated company.
The Ohio
P. S. Comm. has approved the application.
More than amount necessary
to approve had been deposited by stockholders of all
companies, but Col.
Lt., Ht.& Pow. Co. by Sept. 15 1913,
Time for deposit runs to Nov. 15 '13
ORGANIZATION.—Incorporated in Ohio
of the former and 6
on
Feb. 6 1903 and
owns
all
the $976,866 notes of the Columbus Power Co., and all the stock, all the
2d M. bonds and $370,000 of the 1st M. bonds (out of $450,000) and all of
the $158,545 notes of the Columbus RR. Co., which
companies do the en¬
tire 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
$7,500
per annum
100,000 pref. stock is. held by the
Sendee Investment Co.
STOCK AND BONDS—
Date.
Interest.
Matui ity •
Outstanding.
•Com, $1,500,000 ($100)--$1,500,000
Pref, 6% cum after Jan 11
;
~""j-j"
1,200,000
July'13,3%
1915, $1,200,000 ($100) —/
1st coll M, $1,500,000, gold/ 1903
5 g A-O
758,000 April 1 1933
($1,000)
_c* [Int. at Old Colony Tr. Co., Boston, Trustee.
Three-year notjes, $1,000,000,
1911
5 J-J
•
1,000,000 July 11914
gold ($100, $500 & $1,000) [Int. at Commonwealth Tr. Co., Bost..Trust.
•Columbus RR 1st mortgage.
1898
5 A-O
53,000 Oct
1 1937
$450,000, gold ($1,000)
\Int. at West End Trust Co., Phila., Trustee.
Notes
payable June 30 1913.
420,000
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 $370,000 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 or in
part on any int. day on 60 days' notice at 101
and int.
V. 93, p. 163.
•*.
Dividends.—First div. on pref. stock, 3%, was paid Jan. 1907: 3% has
been paid semi-annually since to and including July 1913.
—
,
ROAD.—Operates 25.4*miles of track, of which 5 miles leased
board Air Line.
53 cars; 2 steam locomotives
to Sea¬
(leased to S. A. L. Ry.).
$40,220;
balance,
$109,175.
OFFICERS.—Pres., Charles F. Wallace; V.-P., Harry H. Hunt; Sec.,
Henry B.Sawyer; Gen. Mgrs., Stone & Webster
Mgt.,Assn., Boston.—V. 82, p.. 509; V. 83, p. 1590; V. 93, p. 163.
Alvah K. Todd; Treas.,
(1)
subj. to call at 101 and int.
Int. is payable at office of E. W.
Notes are secured by deposit of 4,000 shares Col. Ry.
com. and 3,250shs. Col. Trac. pref.
V. 93, p. 345,
Columbus Power Co.
ORGANIZATION.—Is
consolidation in March 1906 of the Columbus
a
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co.
Entire
com. stock and part of the pref. is owned by the
Columbus Electric Co.
STOCK AND BONDS—
Date.
Common, $1,500,000 ($100)
Pref, $1,500,000 ($100), 6%)
non-cum.refat 105
f
1st mtge, $4,000,000,
gold.)
c/
guar
Interest.
Outstanding.
$1,500,000
Maturity.
——
Dividends.—First div. on Columbus Ry. & Light stock, i%, was paid
15 1906 and 1% was again paid July 16 1906; in 1907, Jan. 1, 1%;
July 15, 1%; and also X% Oct. 1907.
In 1908, 2%; in 1909, 2X%.
In
1910, Jan., %%\ April, Y\%\ July, %%; none since.
V. 91, p. 870.
Jan.
PROPERTIES CONTROLLED.—The Col. Ry. & Lt. operates 118.476
miles of track, 5.6 of which is a new suburban line and 12 miles interurban.
Also leases Columbus Traction lines, 13.3 miles.
Controls practically all
of the electric
light,
power
5 g A-O
,
and hot-water heating business of Columbus.
OFFICERS.—Pres., Samuel G. McMeen; 1st V.-P., Gen. Mgr. & Treas.,
E. K. Stewart; 2d V.-P.; C. M. Clark; Sec. and Auditor, P. V.Burington;
Asst. Sec. and Asst. Aud., Herbert M. Burlington.—V. 91, p. 870, 1095,
-
1766: V. 92, p. 260; V. 93, p. 345; V. 94, p. 278, 1249; V. 95* p. 297, 419;
1700; Y.
V. 97,
Y* p. 802.
'"
V. 96, p. 359, 652,
.
COLUMBUS
STOCK AND BONDS—
RAILWAY
Date.
CO.
Interest.
Outst'g.'
Last div., &c.
Stock, common, $4,000,000
/Sept 1 1913,
5 Q-M
($100)-_-.
$3,500,9001
IX %
Stock, preferred, $4,000,000
i Aug 1 1913,
5 Q-F
($100), 5% cum guar—
3,500,000)
1 X%
Col St Ry 1st, $3,000,000,
1892
5g J-J
3,000,000 July 1 1932
gold.
-C*(Interest atE. W. Clark & Co., Philadelphia.
[Col.-Knick. Trust Co.. N. Y., Trustee.
Crosstown
1st
mtge,
gold.) 1893
5 g J-D
572,000 June 1 1933
gu, prin & int
-—___c^[ Col.-Knick. Trust Co., N. Y., Trustee.
Col Ry 1st consol mtge, $7,1899
4 Q-J
3,428,000 Oct 1 1939
000,000 ($1,000), gold, c*(Interest at Union Savings Bank & Trust Co.
Bonds are redeemable after
of Cincinnati, Trustee, at E. W. Clark &
-
_
Oct 1
1914 at 105 and
int.)
Bonds —The Crosstown
Co., Philadelphia,
or at
company's office.
Street Ry.
1st mtge. is for $2,000,000, of which
$572,000 are outstanding; the rest have been canceled.
Prin. and int.
of the Crosstown bonds were guar, by the old Columbus St. Ry. Co.
Of the $7,000,000 mtge. of 1899 of the Columbus Ry., $1,500,000 were
issued in payment for the Columbus Cent. Ry. property; $3,000,000 will
be held in trust to retire the Columbus St. Ry. bonds, $572,000 to retire the
Crosstown mtge. bonds and $300,000 to take up unsecured 4% notes of the
Columbus St. Ry.; $1,628,000 was reserved to be used hereafter frc m time to
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.
This covers the whole $7,000,000.
In the table above we report as outstand¬
ing $3,428,000.
This includes $1,500,000 issued in payment for the Colum¬
bus Central Ry., $300,000 issued under the clause providing for the retire¬
ment of 4% notes and $1,628,000 under the clauses cpncerning impts.
Franchises.—Circuit Court at Columbus, O., on June 25 1903 handed
a decision sustaining the claim of the Columbus Ry. to perpetual
350,000
1906
1912, gross,
$1,272,823; sur-
year
1,233,012;
tlus,
$75,014.
surplus,
In $88,420.
1911, gross, $2,824,489; net, $1,321,432; charges,
gauge.
EARNINGS.—For 12 months end. June 30 1913, gross, $569,297; net,
after taxes, $274,334; other income, $73,414j int., $198,353; sink, and
impt.
funds,
are
2,000 shs. Col. Ed.
EARNINGS.—Of Columbus Ry. & Light Co. for cal.
$2,944,052; net, $1,347,837; charges and depreciation,
— -
Standard
Dividends'
Quar.
.
ORGANIZATION.—Incorporated in Maine
rental of
Outstanding.
J
$5,000,0001
\20% paid, in.JJ'ly'lO, % %
1911
5 g J-D
600,000 June 1 1914
& i by Col Ry & Lt_/Trust Co. of Nor. Amer., Phila.. Trustee.
guar p
com.,
the securities (incl. $65,017 notes) of the Gas Light Co. of Columbus; the
entire common stock, $121,300 of the pref. stock (out of $350,000) and all
a
Interest.
STOCK—
Stock, $5,000,000 ($100)
Notes $1,000,000 g
($1,000))
Notes
1901 at
on
of each, the dividends on the common
Sept. 1 1903.
Holders of common stock of
the two companias were allowed to subscribe for the stock of the new com¬
pany to the amount of their present holdings, 20% to be paid in cash and
the remainder subject to call, but not more than
10% in any one year.
See V. 76, p. 1142.
Lease was slightly amended in Jan. 1906 (V. 82, p.
160) and bonds and stock of the Columbus Ry. Co. are to be taken by the
lessee at par in payment of advances made by the lessee for construction
and improvement of property.
On March 4 1907 leased for 50 years the Columbus Traction Co. (now the
Col. Ry., Pow. & Lt. Co.), which is the successor to the Central Market
Street Ry.; for terms of lease see that company below.
On Sept. 14 1908 stockholders ratified lease of the Columbus Light, Heat
& Power Co., after the latter had acquired the
property of the Columbus
Public Service Co.—see statement below.
V. 87, p. 740.
Clark & Co., Phila.
COLUMBUS, GA.
Public
% per annum
per annum on the common stock
of each company to commence
Date.
OFFICERS.—Pres. and Treas., E. W. Robertson; 1st V.-P., Henry Par¬
Sec., R. Charlton Wright; Gen. Mgr., Guy K. Dustin.—V. 81, p. 507.
974; V. 84, p. 931; V. 92, p. 1108, 1374; V. 93, p. 229; V. 94, p. 206; V. 95,
p. 1122; V. 96, p. 1020.
sons;
COLUMBUS ELECTRIC CO.
on May 12 1903 and acquired
the Columbus Edison Co. at a rental
5% per annum on the preferred stock
the preferred stock of the latter, and 5 %
under lease the Columbus Ry. Co. and
of guaranteed dividends at the rate of
down
2,456,000 Apr 1 1936.
franchise rights on
V. 77,
certain streets.
p.
35.
Int. atCommonw.Tr. Co., Boston, Trustee
Bonds.—Of the $4,000,000 authorized, $1,500,000-are reserved for future
A sinking fund of 1 % of bonds out began Apr. 1 1912.
$44,000
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. & i
COLUMBUS EDISON
CO.
purposes.
and
s.
f. by Columbus Electric Co.
PLANT.—Controls by ownership or lease developed water power on
Chattahoochee River aggregating 7,500 h. p.
Also owps steam plant of
3,000 h. p. in City of Columbus.
Proposes to have an ultimate hydrauliJ
development of 75,000 h. p.-—V. 82, p. 512.
COLUMBUS,
Inter-State Public Service Co. in V. 95, p. 1745; V. 96, d. 1157.
ORGANIZATION.—Formerly the Indianapolis Greenwood & Franklin
above in Jan. 1903.
vas
incorporated in Indiana in 1895.
Stock, $1,840,000
Fir.t mortgage,
gold ($1,000)
Name changed
In Sept. 1912 increased its auth. stock to $1,840,000.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
$1,840,000
$1,000,000/
1903
5 g F-A
(1)
-
932,000 Feb
11923
—c*)Int. at Trusit Co. of Nor. Am., Phila., Trust.
Bonds.—'Cannot be called.
$68,000 are reserved for exten. and impts.
at not exceeding $15,000 per mile.
See V. 76, p. 654; V. 82, p. 1212.
EARNINGS.—For year ending Dec. 31 1912, gross, $429,755; net afte*
taxes, $184,483.
In 1911, gross, $426,394; net, after taxes, depreciation.
&c.. $167,547; interest, $39,100; surplus, $128,447.
ORGANIZATION.—Incorporated in Ohio on Dec. 26 1906 and is suc¬
to the Central Market Street Ry., sold under creditor's bill in Feb¬
1906, subject to the $500,000 bonds.
Successor company at first
known as the Columbus Traction Co., but in 1913 name changed to present
tide as part of a scheme for merging all the vatious properties as noted in
the remarks further above.
The Col. Trac. Co. was leased to the Colum¬
bus Ry. & Light Co. for 50 years until 1957, rental being 5% on pref.stock,
common stock to receive 1% on Jan. 1
and July 1 1908 and Jan. 1 1909;
1 Yx% on July 1 1909 and Jan. 1 1910; 2% July 1 1910 and Jan. 1 1911, and
IX % quarterly thereafter.
The Col. Ry. & Light Co. owns $457,400
of the pref. stock, leaving $42,600 in treas. of Ry., Pow. & Lt. Co.for better¬
ments and improvements, and owns all of the common of this company.
Franchise provides that tickets shall be sold 8 for 25 cents and that a 5-cent
cash transfer be issued to all lines entering or using the Columbus London
& Springfield Ry.'Co. Interurban loop.
STOCK AND BONDS—•
Preferred,
Cent Mar 1st mtge,
gold ($1,000)-Bonds.—A
through
See text
$500,000.) 1902
5 g J-J
Jan 1 1922
_c*/Interest at N. Y. Trust Co., N. Y., Trustee."
Entire issue is subject
of 5%
of
gross
receipts began after 5 years.
$75,000
to call after 5 years at 110 and interest.
'
ROAD.—13.3 miles of track, all injeity cf Columbus.—V.
1839.
Maturity.
See text
Outstanding.
$500,00®
457,400
425,000
sinking fund
1422.
a
Interest.
$500,000
line from
forming
Date.
Common, $500,000
have been retired.
Louisville.
are
Outstanding.
Maturity.
5 Q-M
$750,000
See text
6 Q-J
?50,000
See text
6 g M-N
450,000 Nov 1 1922
5 g A-O
300,000 April 1 1929
guaranteed by Columbus Edison Co.
Columbus Railway, Power & Light Co.—A trolley road.
ROAD.—Operates 62.38 miles of track between Indianapolis, Franklin
and Columbus and Seymour, of which 3.86 miles belong to Ind. Trac. & Ter.
Co.
Standard gauge.
60-lb. T rail.
Mostly private right-of-way.
It
■connects with Indianapolis & Louisville Elec.
Ry., thus
Indianapolis to
•...
underlying liens
Interest.
ruary
Lease.—In Dec. 1912 was leased for 999 years to the Inter-State Public
Service Co., a subsidiary of the Middle West Utiliti&s Co., at a rental of
5%
on the capital stock, or
$92,000 a year above all taxes.
V. 95, p. 680.
See
RR., which company
*750,000-_._
Pref 6% cum ($100), $750,000
Col Elec 1st mtge, gold, guar
Col Ed El 1st mtge gold, guar
Bonds.—Both
Date.
cessor
IND.
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.
as
STOCK AND BONDS—
Common ($100),
96, p. 1228,
Sept., 1913.]
(2)
ELECTRIC
Columbus Light,
Heat &
Power
bonds and preferred stock of company, and dividends on common beginning
1909 at 3%
1910 4%, 1911 and thereafter 5% quarterly.
V. 87, p. 547.
,
ORGANIZATION.—Incorporated Aug. 1 1908 in Ohio, and acquired
of Columbus Public Service Co. per plan in V. 87, p. 346, 547.
the property
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $750,000 ($100)
$210,500
See text
Pref 6%, $1,250,000 ($100)
516,300
See text
Gen mtge, $1,000,000 ($100,1 1908
6 F-A
690,000 Feb 1 1924
$500 and $1,000), gold
(State Sav. Bk. A Tr. Co., Columbus, Trustee
Stock and Bonds.—The preferred stock is redeemable since Jan. 1 1912.
Interest on gen. mtge. bonds is guar, by the Columbus Ry. A 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.
$250,000 are
reserved for Improvements and extensions.—V. 87, p. 346, 547, 1481.
........
46
of 5% of gross earnings began with year ending Sept 30 1906.
Co.
Lease.—Has been leased to Columbus Railway A Light Co. for 50 years
from 1908, with renewal privileges.
Lease provides for 6% on outstanding
n
RAILWAYS
,
$99,000 in sink, fund June 30 1913.
963.
p.
earnings began in 1903.
OHIO
ELECTRIC RAILWAY CO.
*
A sink,
fund of 5% of gross
$97,000 in sinking fund June 30 1913.
ROAD.—Columbus to Orient, Columbus through Springfield to Day¬
Dayton to Union City and Richmond, Ind., Springfield to Lima,
through Lima to Defiance, O.
Total miles of track (electric) owned, 252.99;
leased, 127.08; total operated, 380.07.
Standard gauge.
5 power houses.
ton,
231 C8»W3#
OFFICERS.—Pres., Dana Stevens; V.-P.s, D. G. Edwards and J. B.
Treas., D.*J.
p. 600; V. 86, p. 721; V. 87, p. 37.
Foraker Jr.; Sec. and Treas., F. A. Healy; Asst. Sec. A Asst.
Downing.—V. 85,
Dayton & Western Traction.—Trolley road.
(a)
ORGANIZATION.—-Incorporated on June 26 1898.
Was leased on June
15 1906 to Ind. Colum. A East. (V. 82, p. 1437).
For terms, see below.
STOCK—
Div. Period.
Outstand'g. Last Dividend.
Common, $900,000 ($100)
Q-J
$747,500 See text.
Q-J
850,000 See text.
Dividends.—Lease taking effect June 15 1906 provides for
5% per annum
on pref. stock and 5% on com. stock in 1906 and
1907, 5H% in 1908 and
Pref, $850,000 ($100) 5%
ORGANIZATION.—Incorp. May 16 1907 in Ohio.
On Aug. 311907
purchased the Lima A Toledo Traction Co. which owned the line from Lima
to Toledo, and leased the Lima Elec. Ry. & Lt. Co. (this co. being pur
chased on Dec. 31 1909), which operates in the city of Lima, and the FtWayne Van Wert & Lima Trac., with a line from Lima, O., to Ft. Wayne,
Ind.
Also acquired by lease the Indiana Col. A East. Trac., which com-
See V. 71,
The Day. Springfield A Ur¬
bana bonds are subj. to call at 110 and int.
cum
6% thereafter.
,
Eany
assigned
to it Trac.
the leases
Col.1 Newark
A Zanesville
Elec. Northern
Ry. and
►ayton
& Western
On of
Feb.
1908 purchased
the Cine.
Trac.'
(subsequently dissolved) and acquired from that company its lease
Toledo Traction.
Including city lines in Zanesville, Newark, Lima, Hamilton and other
points, operating mileage is 617.42 miles, extending from Zanesville on
the east via Newark to ColumDus (including line from Columbus to Orient
and Buckeye Lake and Newark to Granville branches), thence through
Springfield to Dayton, and from Dayton to Union City, where connection is
made with Indiana Union Trac. for Muncie, Anderson and Indianapolis,
Ind., and from Dayton to Richmond, Ind., where connection is made with
T. H. I. & E. Trac. to Indianapolis.
Extending north from Springfield
through Urbana and Bellefontaine to Lima, and from Lima to Defiance; to
Toledo, O., and Ft. Wayne, Ind.; also from Dayton to Cincinnati, including
Germantown, Mt. Healthy and College Hill branches.
Electric light and
power business is conducted in cities of Zanesville, Lima and West Alex¬
andria and steam-heating plant in Lima.
In May 1913 was granted authority to issue $3,500,000 2d mtge. bonds,
provided $5,000,000 of outstanding stock was retired.
This was accord¬
ingly done.
V. 96, p. 1365, 1840; V. 97, p. 299.
of Cine. Day. &
STOCK AND BONDS—
Date.
Common, $8,000,000 ($100)
Preferred, $6,000,000 5% non'
.cum ($100)
Interest.
_
Outstanding.
$8,000,000
Dividend.
ao
$15,000,000)
AO
_
i
,
Stock.—Preferred is red. at 105 on 30 days' notice.
Bonds.—$3,250,000 1st & ref. bonds are reserved to retire prior liens
'($1,250,000 bonds of Lima El. Ry. & Lt. Co. and $2,000,000 bonds of
Ft. Wayne Van Wert & Lima Trac. Co.)
and $7,550,000 for additions,
betterments, Ac.
Entire issue is subj. to call on or after Jan. 1 1915 on
any int. day at 105 and int. on 60 days' notice.
No sinking fund.
The
2nd & gen. mtge. issue is subj. to call on any int. date for payment in cash
or for substitution of 1st & ref. mtge. bonds of 1910 exchangeable at par
on 8 weeks' notice.
Bonds to be delivered for purposes of impts., as ap¬
proved by Public Service Commission of Ohio or other governmental
authority.
No sk. fd.
Mortgage covers all properties and leasehold
estate, subj. to underlying lien.
Series "A" equip, notes mature $8,000
semi-ann.
commencing Jan. 1 1911.
Series
B
equip, notes are 1st
mtge. on 26 cars.
They mature semi-ann. ($7,000 Jan. 1 and $6,000 July 1)
from Jan. 1 1912 to July 1 1921, incl.
All issues of equip, notes are guar.,
p. & i., by end. of Ohio Elec. Ry.
Series "C" equip, notes are 1st mtge.
on 43 cars and mature $6,000 semi-ann. beginning Dec. 1 1912.
EARNINGS.—For cal. year 1912
from railway, $3,425,682; light
gross
and power,
$280,901; misc.! $33,123; total gross, $3,739,706.
1911,
from railway, $3,321,867; light and power, $252,549; misc., $35,077;
gross, $3,609,493.
OFFICERS.-—Pres., W. Kesley Schoepf: V.-P., Dana Stevens;
236,
total
(1)
V.-P.,
.
Columbus Interurban
Terminal Co.
which
STOCK AND BONDS—
Date.
Interest.
bonds.
Maturity.
Outstanding.
$1,000
-
gold! 1910
5 g J-D
433,000 June 11935
($500) guar p A i
c*jlnt. at Cit. Tr. A Sav. Bk., Columbus, Trust,
Bonds.—Remaining bonds reserved fof acquisition of additional real
estate, additional stories on present bldg. and other impts.
Not subj.
to call.
"
OFFICERS.—Pres., Dana Stevens; V.Ps., J. B. Foraker Jr. and W.H.
McAlister; Sec.A Treas., F. A; Healy.—V. 92, p. 1564; V. 93, p. 1532,1599.
(2)
The Indiana Columbus & Eastern Traction Co.—-A trolley road.
Leased to the Ohio Electric Ry. Aug. 31
tees interest on bonds and
5% divs.
on
1907. Latter company guaran¬
pref .[stock and owns entire com. stk.
on April 14 1906 and has ac¬
quired the Dayton Springfield A Urbana Elec. Ry., the Columbus London
A Springfield Ry., the Columbus Grove City A Southwestern Ry., the
Urbana Bellefontaine A Northern Ry., the Springfield A Western Ry., the
Dayton A Northern Traction Co. and about 12 miles of the Dayton A
Muncie Traction Co,, extending from Greenville to Union City on the
Indiana-Ohio State line.
Has also acquired the Columbus A Lake Michigan
RR., a steam road operating between Lima and Defiance, which has been
converted into electricity.
"
Leases the Dayton A Western Traction Co. and the Columbus Newark A
Zanesville Elec. Ry,, which latter company had previously absorbed the
Columbus Buckeye Lake A Newark Traction Co. and the Zanesville Ry. Lt.
A Power Co. These leases were assigned to the Ohio Elec. Ry. Aug. 311907.
The new general and refunding mortgage bonds were listed on the Phila¬
delphia Stock Exchange in February 1907.
V. 84, p. 339.
See description
of bonds, property, Ac., in V. 83, p. 37.
ORGANIZATION.—Incorporated in Ohio
t
,
Outstanding.
Maturity.
$3,025,000
Common, $3,025,000 ($100)__
1,000,000
See text.
Preferred, $1,000,000 ($100)
5%
Gen and ref mtge (see text)) 1906
6,150,000 May 1 1926
5 g M-N
gold ($1,000)
c*J Int. at Pa.Co.for Ins.on L.AG.A.,Phila.,Trus.
Col Lon A Spg 1st mtge, $1,-1 1900
5 g A-0
500,000 Oct 1 1920
500,000, gold ($1,000)--CMInt. at N. Y. Trust Co., New York, Trustee.
Day Spg A Urb 1st mtge.l 1898
5 g M-N
750,000 Nov 1 1928
$750,000, gold ($1,000)
J Interest at N.Y. Trust Co., N. Y.,.Trustee.
Bonds.—The gen. and ref. mtge. was originally for $12,000,000 but auth.
amount has been reduced to $10,000,000.
Of the remaining bonds $500r
000 are treas. bonds deposited with trustee and are available for extens. A
impts. when net earns, are equal to l/$ 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 are reserved for future better¬
ments, improvements and extensions, and can only be issued as follows;
$1,100,000 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 A Spring¬
field bonds may be called at 110 and int.
A sinking fund on these bonds
STOCK AND BONDS—
Date.
Interest.
_
—
holders being given $500,000 in pref.
over the Zanesv. Ry. Light A Power
stock for their holdings.
Also took
Co. and was then leased on June 23
1906 to the Indiana Colum. A 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 AND BONDS—
Date.
Common, $1,525,000 ($100)-Pf, 6% cum, $500,000 ($100)
1st
mtge,
$2,000,000,
A
ref
c*j
mtge,
Interest.
Outstanding.
$1,525,000
6 Q-J
gold\ 1904
($1,000)'
Gen
stock is owned by Ohio Elec. Ry. Co.
500,000
5 g M-S
Maturity.
See text.
1,250,000 Mch 1 1924
„
Int. at Col.-Knick. Tr. Co., N. Y., trustee.
1906
5 g M-N
1,207,000 May 1 1926
at Girard Trust Co., Phila., Trustee.
gold,
($1,000)
~_c*J Int.
5 g M-N
$1,500,-) 1901
1,243,000 Nov 1 1921
000, gold ($1,000)
_c*J Int. at Col.-Knick. Tr. Co., N. Y., trustee.
Zanesville Ry, Lt A Pow lstf 1902
5 g M-S
750,000
See text,
cons mortgage,
$l,000,000{lnt. at Cent. Tr. A S. D. Co., Cine., Trustee,
($500, $1,000), gold—-c*l
or Trust Co. of America, New York.
Registrar, Guardian Trust A Safe Deposit Co., Zanesville, Ohio.
Zanesv Elec 1st mtge, $300,1899
4 g F-A
250,000 Feb 1 1919
000, gold, subject to call]Interest at International Trust Co., Boston,
after 1903, $1,000
each__c|.
Trustee.
Zanesville Elec Lt Co coupon! 1901
5%
3,500
See text,
notes
/International Trust Co., Boston, trustee.
C B L A N 1st mtge,
.
Bonds.—Of the
$6,250,000
gen.
A ref. bonds, $3,497,000
are reserved
retire prior liens and $1,546,000 for betterments and extensions.
They
to
are
subject to call after 5 years at 105 and int.
of the $750,000 1st mtge. bonds unissued
Under terms Of this mtge., none
can now be issued.
The entire
issue of Col. New. A Zanesv. 1st 5s can be called at 110 and int. on
any int.
date.
V. 80, p. 1234.
The Col. Buck. L. A New. bonds are subject to
call on any int. date at 110 and int. on 3 months' notice.
Zanesville Ry.,
Lt. A Power bonds fell due Oct. 1
1912 but
were
$250,000 reserved to retire underlying bonds.
mature,*$3,500 annually on Nov. 1.
notes
extended to Mar. 1 1924.
Zanesville Elec. Lt.
con.
:
-
fcJjjROAD.—-Operates
90.21 miles of track from Columbus to Zanesville,
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-lb. girder.
Also owns amuse¬
ment park on
Buckeye Lake.
Owns and operates its Hebron power plant
with its
own
natural gas.
OFFICERS.—Pres., Dana Stevens; V.-P., J. B. Foraker Jr.;
Treas., F. A. Healy.—V.187, p. 37; V. 95, p. 47, 890, 1039.
Sec. A
(3)
Lima Electric Railway & Light.—A trolley road.
ORGANIZATION.—The company is
a
Dec. 31
1909.
consolidation completed Aug. 1
1900 of the Lima Ry. (incorporated Nov. 5 1898) and the Lima Electric
Light A Power Co.
Was leased July 1 1905 to the Lima A Toledo Traction,
which lease was assigned to Ohio Electric Ry. Aug. 31 1907.
.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000 ($100)
$5,000
Lima
Railway, first mtge,/ 1898
5 g J-D
105,000
Dec 1 1916
$200,000, gold ($500)
c*llnt. at Citizens' Savings A Trust Co., Cleve.,
Trustee; also at Fourth Nat. Bank, N. Y.
Lima Elec Lt A Power,
gold,/ 1900
5 g J-D
25,000 June 1 1917
1st M, $85,000 ($1,000) _c*1lnt. at Cleveland Trust Co., Cleve., Trustee.
-
guar,
ORGANIZATION.—Incorp. in Ohio on May 24 1910.
Owns and
operates since Jan. 11912 passenger and freight terminal stations in Columb.
Stock $10,000 ($100)
First mtge $1,000,000
July 2 1902, and in April
on
Acquired by purchase by Ohio Electric Ry.
94, p. 1627; V. 95, p.^237; V. 96, p. 1365, 1557, 1840;
/
\
;■/•
Entire stock owned by Ohio Elec. Ry.,
Columbus Newark & Zanesville Electric Ry. Co.—A trolley road.
(b)
ORGANIZATION.—Incorporated in Ohio
1904 absorbed the Newark A Granville Street Ry. In June 1906 acquired
the Columbus Buckeye Lake A Newark Traction Co., the preferred share¬
gross
J. B. Foraker Jr.; Sec. and Treas., F. A. Healy; Gen. Mgr., A. Benham.
V. 86. p. 338; V. 87, p. 38; V. 90, p. 698, 850; V. 92, p. 323, 1500: V. 93,
p.
1534; V.
V. 97, p. 299.
OFFICERS.—Pres. and Treas., Valentine Winters; V.-P., J. H. Winters;
Sec., R. R. Dickey; Asst. Sec. and Treas., F. A. Funkhouser, all of Dayton.
250,000
3,000,000
See text.
1910
5 g J-J
4,200,000 Jan 1 1930
gold ($1,000)
c*/lnt. at Fidelity Trust Co., Phila., Trustee.
2nd A gen mtge $5,000,000,1 1913
5 g J-D
601,700 June 1 1943
gold ($100) ($500) ($1,000)/int. at Fidelity Trust Co., Phila., Trustee.
rtin'n
6 nwi
* * A ' ' © 1 CA
1 ftl A
5gJ-J
112,000
See text.
Equip notes Series "A ' $160,-. 1910
000 gold ($1,000)
_c*l[Int. at Fidelity Trust Co., Phila., Trustee.
Equip notes Series "B\'$130,-l 1911
5 g J-J
104,000
See text,
000 gold ($1,000)
c* lflnt. at Fidelity Trust Co., Phila., Trustee.
5 g J-D
108,000
See text.
Equip notes Series "C"$120,-11 1912
000 gold ($1,000)
c*/Int. at Fidelity Trust Co., Phila., Trustee.
n
to New Paris, 36.87 miles.
At Richmond connection is made with
Terre Haute Ind. A East Trac., thus making a through line from Indian¬
apolis, via Dayton to Columbus, a distance of 184 miles.
V. 82. p. 1437;
V. 83, p. 36, 94, 379.
\
—
1
1st & ref. mtge.
ROAD.—Dayton, O., to Richmond, Ind., with branch from New Westville
-
_
Lima
Electric
RyyA#Light,( 1900
5 g J-J
260,000 July 1 1916
fold,
first($500)—
consoljmortgage,
Cleveland
Trust
Co.,
Cleve.,
Trustee,
500,000
c* Int. at
Standard
Trust
Co.,
New
York.
or
2d consol mortgage,
gold
$850,000,/ 1902
5 g A-0
350,000
Apr 1 1925
($1,000)
c*llnt. at Fidelity Trust Co., Buffalo, Trustee.
Ry A Light, ref f 1905
5 g M-S
510,000 Sept 1 1925
mortgage, $1,250,000, gold\lnt. at Girard Tr. Co., Phila., Pa., Trustee.
Lima
Elec
Bonds.—Of the first consol. mtge. gold 5s, $240,000 are reserved to retire
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 A 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 re¬
tire a like amount of first consols.
These bonds are a lien on the electric-
light and heatingplant, aSwell
maturity.
See V. 75, p. 79.
retire prior liens.
the railway.
Cannot be called before
$740,000 refunding bonds are reserved to
as on
ROAD.—Owns 12 miles of track, also a steam-heating plant (franchise
perpetual, operated in connection with the electric-lighting plant).
Con¬
tract ordinance for city lighting expires
April 1919.
.
OFFICERS.—Pres., Dana Stevens; V.-Ps., J. B. Foraker Jr. and W. H.
Sec. A Treas,, F. A. Healy, Cincinnati.—V. 81,
MacAlister, Cincinnati;
p. 155, 1100.
(4)
Fort Wayne Van Wert & Lima Traction Co.—A trolley road.
ORGANIZATION.—On Mar. 1 1906 was leased, until expiration of fran¬
chises and renewals thereof, to Lima A Toledo Traction Co., which guaran¬
teed the interest.
V. 82, p. 691.
Lease was assigned to Ohio Electric Ry.
Aug. 31 1907.
The latter company owns all the common stock.
Incorpor¬
Road is entirely on private right-of-way, except
ated in Indiana and Ohio.
jn towns,
where it has 25 or 50-year franchises.
STOCK AND BONDS—
Date.
Interest.
Common, $1,000,000 ($100)
Pref, $1,000,000,5% n-c($100)
Outstanding.
$1,000,000
Maturity•
1,000,000
First mtge,
$2,000,000, gold/ 1905
5 g J-J
1,470,000 July 1 1930
guaranteed ($1,000)
c*\lnt. at Fidelity Trust Co., Phila., Trustee.
Bonds.—Of the $2,000,000 bonds, $530,000 are reserved for extensions
and improvements.
V. 82, p. 691.
Are not subject to call.
ROAD.—59.89 miles of electric track from Ft. Wayne via New Haven ,
Monroeville, Van Wert, Middlepoint, Delphos and Elida to Lima.
Com¬
15 1905.
Connects at Ft. Wayne with
the Ft. Wayne A Nor. 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.
menced complete operation Nov.
OFFICERS.—Pres., Dana Stevens; V.-P., J. B. Foraker Jr.;
Treas.* P. A. Healy.—V. 82, p. 691, 804; V. 83. p. 37.
(6)
Cincinnati Dayton & Toledo Traction
Leased to the Ohio Electric Ry. Co.;
see
Sec. h
Co.—Trolley road.
terms below.
46
ELECTRIC RAILWAYS
ORGANIZATION.—Incorporated in Ohio on May 19 1902, and is a con¬
Ohio Traction Co., the Cincinnati & North¬
Ry., the Miamisburg & Germantown Traction Co. and the Hamil¬
ton & 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
1556,1839) to provide for payments as follows: (a) June 24 1913, $92,000
(6) for years ending June 30, respectively; 1913-14, $266,500;
1914-15,
$266,500; 1915-16, $276,500; 1916-17, $286,500; 19l7-18, $296,500; 191819, $306,500; 1919-20, $316,500; 1920-21, $326,500; 1921-22. $346,500;
1922-23 and thereafter, $366,500 yearly.
Divs. on any pref. stock that may
be issued beyond the $250,000 outstanding at time of agreement 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
p.
by lessor to meet future expenses.
Under modified agreement of lease of June 23 1913, outstanding common
was reduced from $5,000,000 to $3,000,000—the Ohio Electric Ry.
surrendering the $1,000,OCO held by it and the other shares being exchanged
two for one.
V. 96, p. 1556.
stock
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$2,000,000
See text.
250,000
See text.
Cincin Day & Tol 1st cons M,
1902
5g J-J
2,700,000 July 1 1922
$5,000,000, 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
$2,000,000 ($1,000), goldc* Int. at Cleveland Trust Co., Trustee, or at
Standard Trust Co., New York.
Cin & Ham Elec 1st g ($500)
1898
6 g J-J
400,000 July 1 1918
$500,000, not subj to call—[Int. at Cit. Sav. & Tr. Co., Cleve., Trustee.
Dayton Traction 1st M, g( 1896
5 g J-J
250,000 July 1 1916
($1,000), int guar
c*\Int. at Finance Co of Penn., Phila., Trustee.
Ham & Lindenwald El Tranl
1901
5 g J-D
250,000 July 1 1922
1st M s f $250,000, g ($1,-}Interest at Cleveland Trust Co., Trustee.
000), int guar
c*J
Common, $2,000,000 ($100)-.
Pref, $250,000,
6% cum($100)
WU, U70
J-J
J-J
_
_
_
„
Miam & Germ 1st guar
($50,-/ 1901
5 g J-D
50,000 July 1 1922
000), gold ($1,000)
c* [Interest at Cincinnati Trust Co., Trustee.
Bonds.—None of the issues is subject to call.
Of the $5,000,000 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. 1 1911, but arrangements were made at that time to extend
them to July 1 1922.
Y. 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 com., under
modified lease, divs. are suspended until year beginning July 1 1915, when
y0 will be paid, this increasing K% annually until the year beginning
~ly 1 1921 (after a dividend rate of 3% has been reached), when the increase
is 1% per annum, until 5% is reached in the year beginning July 1 1922.
xcvii.
COLUMBUS MARION & BUCYRUS RY.
solidation of the Southern
western
[Vol.
ORGANIZATION.—Incorporated
in Ohio in May 1913 as a reorganiza¬
foreclosure per
Operated at present by Geo. Whysall.
tion of the Columbus Marion & Bucyrus RR., sold under
plan V. 96,
p.
1488, 1839.
STOCK AND BONDS—
Date.
Interest.
Maturity.
Outstanding.
$350,000
Stock, $350,000
First mtge, $100,0006% g
100,000
20 years
Gen & Ref M, $350,000, gold
See text.
250,000
Bonds.—The 1st M. 6s are red. at 102K and int. on
any int. day.
The
interest on the gen. & ref. mtge. bonds is 3% for the 1st & 2d
years,
3d & 4th years and 5% thereafter.
V. 96, p. 1488, 1839.
$100,OO0
4%
reserved to retire 1st M. bonds
MARION & WESTERN RAILWAY, LIGHT & POWER CO.
Default.—Interest has been in default since Sept. 1906.
Up to Sept. 1913
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.
no
ORGANIZATION.—Incorporated in Ohio on Sept. 26 1906 to purchase
Prospect Electric Light Co. and to build from Prospect to Richwood
Ohio, 7 miles.
the
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $200,000
$200,000
1st mortgage, $200,000, gold/ 1906
5g A-O
200,000
1936
($500)
/Interest at Cincinnati Trust Co., Trustee.
Bonds.—Subject to call after 1912 at 110.
Sinking fund of $5,000 per
_
_
.
after
annum
1912.
OFFICERS.—Pres., N. J. Catrow; V.-P., J. G. Webb; Treas., G. HHolzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILWAY CO.
Receivership.—Int. due Oct. 1 1909 is in default.
sail
for
In Feb. 1910 Geo. Why
appointed receiver.
Suit has been brought against the directors
accounting of the proceeds of bonds.
Up to Sept. 1913 was not de¬
was
an
cided.
ORGANIZATION.—Incorporated in Ohio Sept. 25 1906 to build the
extensions of trackage to the local Marion City lines demanded
by the City of Marion.
IK miles completed; none in operation; no work is
being done.
necessary
STOCK AND BONDS—
Date.
'Interest.
Outstanding.
Stock, $250,000
First
1906
5gA-0 250,000
1936
»/Interest at Cincinnati Trust Co., Trustee.
gold ($500)
Bonds.—Subject to call after 1912 at 110.
annum
after
Maturity.
$250,000
$25\000,J
mortgage,
Sinking fund of $5,000 per
1912.
OFFICERS.—Pres., Geo. H. Holzbog;
Catrow; Sec., H. B. Hane.
V.-P., J. G. Webb; Treas., N. J.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.—A
-
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.—Pres.. Theobald Felss;
V.-P., C. H. Rembold; 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.
COLUMBUS DELAWARE & MARION RY—A holding company.
Receivership.—Appointment of Eli 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, p. 652.
Int. due Aug. 1912 was paid in Feb. 1913;
1913 and Aug. 1913 int. not yet paid.
Feb. 1913 int.
was
ORGANIZATION.—Incorporated in Ohio on May 4 1899.
In May
1905 canceled old mtge. for $200,000 and made the new mortgage in table
below.
V. 80, p. 2399.
Ftanchises are for 215 years.
,
STOCK AND BONDS—
Judgment.—On May 13 1912 the Court of Common Pleas of
G. Webb for
$1,055,931 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 gurir. 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 judg'ment granted on May 13 1912.
V. 96, p. 1700.
On Apr. 28 1913 Judge Kinkead auth. receiver's certfs. for $25,650 to
ay for repairs necessitated be damage done by floods.
The certificates,
Ftt is stated, will be given second preference in claims against the receiver.
Co. gave a judgment to Receiver West against John
V.
96, p. 1296.
•
•
REPORT.—For year ending June 30
$12,099; taxes, $1,501; balance, $10,598.
owns
the
000,000), the Marion Ry., Lt. & Power Co. ($300,000)
Northern Ry., Power & Equipment Co. ($300,000).
STOCK AND BONDS—■
Date.
Interest.
'
Common, $2,100,000 ($100)-.
Pref "A," 6% cum, $500,000-Pref "B," 1-6% cum, $400,000
O. D. & M. Elec. RR.
EARNINGS.—For year end. June 30 1911, gross, $385,345; net, $161,965; int., taxes, &c., $157,662; surplus, $4,303.
For year end. Aug. 6
1910, gross, $359,137; net, $152,752; int., taxes, &c., $148,469; surplus,
$4,283.
OFFICERS.—Aud.lfor Receiver, A. F. Elkins; Pres., John G. Webb;
V.-P., O. m. Gotschall; Sec., Henry B. Hane; Treas., N. J. Catrow; Supt.,
J. H. Lahrmer.—V. 95, p. 297, 480, 1331, 1472; V. 96, p. 652, 1296, 1700.
,
not yet
paid May 1 1913.
SCIOTO VALLEY TRACTION
mort.,
$1,000,000.
($1,000)
p.
1160. 1629; V. 92.
CO.—Third rail.
ORGANIZATION.-''—Incorporated in Ohio with a perpetual charter In
Built on private right of way.
Franchises extend beyond maturity
of 1st mtge. bonds.
In 1908 caaceled $2,000,000 mtge. of 1903 and made
new mtge. for $4,000,000, 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 615);
In 1912 the Columbus Depot Co. was incorporated in the interest of the
company to build a terminal in Columbus.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Common, $1,800,000 ($100)--
Maturity.
$1,800,000
-
1st
300,000
July'13,IK
pref, $500,000, 5% cum
Pref,, $1,200,000,
5%
1,200,000
cum/
July'13,IK
($100)
^
/
1st mortg, $4,000,000, gold/ 1908
5 M-S
1,600,000 Sept 1 1923
($1,000)
c*\Int. at Harris Tr. & Sav. Bk.,Chic., Trustee.
-
Bonds.—The remaining $2,400,000 of 1st mtge. bonds can only be issued
75% of cash expenditures, and for permanent extensions and additions
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% per annum on bonds out 1913 to 1917: thereafter 2% per annum. They
are not subject to call.
See particulars, bonds, property, &c., in V. 87,
p. 679.
Dividends.—Dividends 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. (1K%) was paid July 1906 and 1K% 0ct«
1906.
V* 82, p. 1440,'
From 1907 to 1912, incl., 5% per annum.
In 1913,
Jan., 1K%; Apr., 1K%; July, 1K%.
to
EARNINGS.—For 12 months ending June 30 1913, gross, $464,236; net,
$202,619; int. and taxes, $98,670; divs., $75,000; surplus, $28,949.
ROAD.—Operates 72 miles of track from Columbus to Lancaster and
Is operated by third-rail system.
Standard
70-lb. T rail.
Within city limits of Columbus, company operates
over trades of Columbus Ry. & Light Co. under operating agreement.
from Columbus to Chillicothe.
gauge,
and
OFFICERS.—Pres.
Mgr., Frank A. Davis; V.-Pres. and Treas.,
C. Moorhaus; Supt., C. Skinner.—V. 81, p. 32,
Edwin R. Sharp; Sec., A.
778, 1551, 1661; V. 82, p. 101, 1158, 1440? V. 87, p. 481, 615, 679; V. 91.
p. 871.
•
.
m
been paid.
BONDS—
«
■
1904.
CONCORD, N.
Int. due May 1913 has
H.
CONCORD STREET RAILWAY.—A trolley road extending from the
Comprises 12-71 miles of track.
In June i901 control passed to the Boston & Maine RR., and in 1903 the
central wards of Concord to Penacook.
ORGANIZATION.—Incorporated in 1901.
1st
5 ft. 2in.;65-lb. Trail.—V.82,p. 1211; V. 91,
1032, 1498.
Columbus Delaware & Marion Electric RR.
was
•
.
for
Maturity.
ref mtge,
$2,500,000,? 1904
5 g F-A
920,000 Aug
1 1944
gold ($500 & $1,000)
c* [Int. 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., $1,580,000 are reserved to retire the bonds
of the Col. Nor. Ry., P. & E. Co., the Marion Ry., Lt. & P. Co. and the
(1)
Maturity.
1913, gross, $55,783; net profit,
gauge,
p.
and the Columbus
Outstanding.
$2,100,000
First
Interest due Nov. 1 1912
Outstanding.
ROAD.—Operates 8.8 miles of track from Columbus to Gahanna, includ¬
ing perpetual lease of 2.7 miles of tracks of the Columbus Ry. as terminal;
— —
ORGANIZATION.—Incorporated in Ohio in Oct. 1904 and
Interest.
-
,
entire capital stocks of the Columbus Delaware & Marion Electric RR. ($1,-
Date.
Common, $400,000 ($100)
"
$200,000
Preferred, 6% cum, $200,000/
200,000
($100)I
First
mtge, $450,000, gold/ 1905
5 g J-J
None. Jan
1 1925
($500 and $1,000)—-.i
[Prov. Sav. Bank & Tr. Co., Cine., Trustee.
paid Aug.
Personal
Green
trolley road.
Date.
Interest.
Outstanding.
Maturity1901
5 g M-N
$1,000,000 May 1 1921
-c*(Int. at Cleveland Trust Co., Cleveland,
I
Trustee, or Nat. Bank of Comm. in N. Y.
gold/
New
Hampshire Legislature authorized
which is leased to the
the Concord
<85 Montreal
RR.,
/Boston & Maine, to purchase the property and to
issue stock and bonds to pay
therefor.
Bonds.—See V. 75, p. 76.
ROAD.—Operates
an
electric railway
117; V
p.
91,
p.
945; V. 98, p. 1190.
ORGANIZATION.—Incorporated in Ohio
BONDS—
Date.
on
Oct.
24
1904 to erect
a
Interest.
Outstanding.
Maturity.
1st mortgage, $300,000, gold/ 1904
5 g M-S
$270,000 Sept 1 1934
($1,000)
c\Int. at Guaranty Trust Co., N. Y., Trustee.
(3)
ORGANIZATION,—Incorporated
Marion Railway, Light & Power Co.
Dec. 11
1894.
Control changed hands in 1904.
STOCK AND BONDS—
power house at Delaware ana sub-stations to supply electricity for power
and heat.
Receiver of Col. Del. & Marion Ry. was authorized to borrow
money to pay interest due Sept. 1 1909.
V. 89, p. 592.
Interest since
then has been paid.
Y.
CORNING & PAINTED POST STREET RY.-A trolley road.
tion Nov. 1 1985.
Columbus Northern Ry. Power & Equipment Co.
(2)
CORNING1 N.
private right of way from
over
Columbus to Marion, passing through Franklin, Delaware and
Marion
counties.
Also 4 miles in the City of Delaware, a total of 57 miles.
V. 80,
Stock, $100,000 ($100)
1st mortgage, $100,000
,
Date.
—-
Interest.
Commenced
V. 80,
p.
Outstanding.
opera¬
162.
Maturity.
----$100,000 1905-06,4%
5 J-J
100,000 Jan
1 1916
Interest at Beacon Trust Co., Boston.
——
/ 1896
\
EARNINGS.—For year ending June 30
1912, gross, $62,016; net,
$18,467; other income, $333; interest, taxes, &c., $12,629; surplus, $6,171.
ROAD.—Owns 5.9 miles of track from Corning to Painted Post; 19 cars.
OFFICERS.—Pres.,
J. L. Greatsinger, Brooklyn, N. Y.; Sec., K. V.
Bigoney, New York; Compt., O .P.
Dougherty, New York; Treas., D. W.
Crawford, New York.—V. 80, p. 62.
ORGANIZATION.—Incorporated in Ohio
consolidation
BONDS—
1st mtge, gold
_
.
on June 24 1903 and is a
Street Railway Co. and the Marion Electric
July 1913 interest was paid.
of the Marion
Light & Power Co.
„
Date.
Interest.
Outstanding.
Maturity.
($1,000)—c*/ 1904
5 g J-J
$300,000 July 1 1924
lint. at Guaranty Trust Co., N. Y., Trustee.
Bonds.—No sinking fund and bonds cannot be called.
ROAD.—Six miles of track in Marion. Standard
gauge.
'
V
60 and 80-lb.rail.
CORTLAND, N. Y.
CORTLAND COUNTY TRACTION.—Trolley.
ORGANIZATION.—Is a reorganization on June 22 1901 of the Cortland
& Homer Traction, sold at foreclosure on Apr. 23 1901.
In June 1905 ab¬
sorbed the Cortland & Homer Electric Co., previously controlled.
Fur¬
nishes 184 arc lights to the cities of Homer and Cortland and also light to
the
public.
Carries coal and freight as well
as passengers.
Bate.
STOCK AND BONDS—
New
mortgage, $500,000,
($500 and $1,000)
Can be called
6 months' notice.
320,000 Aug
5 g F-A
1905
gj
on
1 1935
at Empire Tr. Co., N. Y., Trustee.
1907
5 J-D
105,000 June 1 1957
/Int. at Trust Co. of Amer., N. Y., Trustee.
Bonds.—Of the $500,000 issue of 1905, $180,000 are reserved to retire
prior liens.
They are subject to call at 105.
c{lnterest
1st &ref mtge, $2,000,000—/
ROAD.—Operates 15.92 miles of track between Cortland, Homer, Little
York and Preble, and between Cortland and McGrawville, 33 cars.
EARNINGS.—For fiscal year ending June 30 1912, gross, railway,
$83,355; net, railway, $27,084; net from other sources, $16,228; total net
income, $43,313; charges, &c., $34,538; surplus, $8,775.
OFFICERS.—Pres., D. W. Van Hoesen; V.-P., Edw. H. Brewer; Sec.,
G. H. Garrison; Treas. and Gen. Mgr., Edwin
Duffey.—V. 81,
p.
507.
CINCINNATI NEWPORT &
CO.—A trolley road.
COVINGTON LIGHT &
ORGANIZATION.—Incorporated under
TRACTION
the laws of New Jersey on
March 11 1902 and purchased all the stock of the Union Light, Heat &
Power Co. of Covington and of the Cincinnati Newport & Covington Rail¬
V. 74,
p.
The latter was organized in 1892 to buy up and con¬
576.
solidate all the roads on the Kentucky side of the river opposite Cincinnati.
Lease.—The Union Lt., Ht. & Power Co. and the Cine. Newp. & Cov.
Ry. (both controlled through stock ownership by the Cine. Newp. & Cov.
Apr. 1 1907 to Columbia Gas & Electric Co.
(incorporated in Ohio) for 45 years.
The lessee guarantees interest on
bonds and 4)4 % per annum on preferred stock. On common, dividends are
to be 3% for first year, increasing )4 % 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, 7% miles (about 3 miles completed) has also been leased to the
Lt. & Tr.) were leased from
.
Columbia Gas & Electric.
STOCK AND BONDS—
Interest.
Date.
Q-J
Common, $5,000,000 ($100)—
Pref, 4)4%
non-cum,
$5,-1
000,000 ($100)
/
4)4 Q-J
Maturity.
Outstanding.
$5,000,000J'lyl5'13,1H
4,500,000 J'lyl5T3,lH
First
mtge sinking fund
000,000
6 g J-J
150,000 Jan
11932
{Covington Sav Bank & Tr. Co., Trustee.
$500,000/ 1892
gold ($500, $1,000)
Newp & Day St Ry 1st M
1887
6 F-A
*
100,000 Aug 1 1917
Cincinnati Newport & Covington—
1st consol mtge, gold, $3,-f 1892
5 g J-J
2,750,000 July 1 1922
000,000 ($1,000) —c*&r— {Farmers' Loan & Tr. Co. of N. Y., Trustee.
2d mortgage, $1,000,000, g/ 1896
5 g J-J
600,000 July 11922
I ($1,000 each)
c I Farmers' Loan & Trust Co., N. Y., Trustee.
Union Light, Heat & Power Co.—
(1901
4 g M-N
$1,608,000 May-1 1918
1st mtge,
$2,000,000, gold} Int. at Nat. Bank of Commerce, N. Y.; First
National Bank, Cincinnati, or at German
($100, $500 & $l,000)_c&r|
National Bank, Covington.
.
Bonds.—Of the first consolidated bonds of 1892 of the C. N. & C. Ry.,
$250,000 are deposited with the trustee to retire all the underlying mortgage
bonds.
The perpetual charters of constituent companies are kept alive,
and their capital stocks are deposited with the trustee as collateral for 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 improve¬
ments, additions or purchase of other companies at par for actual cost.
(
*
DIVIDENDS.—On preferred 4)4% is being paid.
On common stock
was paid July 15 1907 ana %% Oct. 15 1907.
In
1908,3)4%; in 1909, 3)4%; in 1910, 4)4%; in 1911, 4)4%; in 1912,5)4%.
In 1&13, Jan., 1
April, 1H%; July, 1)4%.
first dividend of
DALLAS, TEXAS.
•
Dallas
$7,000,000
Electric
Electric
auth.
pap.
Corporation.
Co.
incorp. in Maine on May 3 1913 with
stock, presumably as a re-incorporation of Dallas
was
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 sub¬
sidiary companies expire In 1922.
See V. 84, p. 157.
Shareholders in
July 1909 authorized an issue of $2,000,000 first pref. stock and it was
■old In blocks of 10 shares of first pref .and 4 shares of common for $925.
V. 89, p. 224.
For decision on occupation tax on Dallas street railways,
V. 89. p. 41.
On Nov. 23 1912 Judge Foree in the 14th Dist. Court granted a temporary
•ee
STOCK AND BONDS—
.
Date.
Interest.
Outstanding.
$2,870,000
Common $3,000,000 ($100)
-
First
pref $2,000,000 6% cum>
($100)
2dpf $2,000,000 5% n-c ($100)
First collat trust mtge $4,000,/ 1902
000.
Notes
A-O
2,000,000 Oct'13,3%
A-O
2,000,000 Oct'13.2)4
5 g A-O
3,539,000 April 1 1922
gold ($100, $1,000) .c*\Int. at Old Colony Tr.Co., Boston, Trustee
$3,500,000 gold ($500\ 1912
5 F-A
1,000,000 Feb 1 1917
and
preferred is redeemable on and after Oct. l
accumulated dividends.
$130,000 common stock is
1912
at
105
and
the
treasury. - $50,000 bonds are in the treasury.
Sinking fund, 1%
per annum of bonds out.
$411,000 were held in the sinking fund m
June 1913.
Bonds can be called as a whole on any int. date at 105 and int.
$25,000 of the bonds are in denomination of $100, rest being $1,000 each.
Notes of 1912 are callable as a whole at 100 and int. on any int. day on 30
days' notice.
No further mtge. can be placed on property without equally
securing the notes with the other obligations to be secured thereby.
V. 94,
P.
416.
Dividends.—On present 2d pref.
(formerly "pref."), In 1905, 2)4%;
in
in 1907, April, 2 )4%; none to Oct. 1909, when 2%
was paid.
1910, Apr., none; Oct., 1%.
In 1911 and 1912, 5%.
In 1913, Apr.,|2)4%*
Oct., 2)4%.
1906,5%:
EARNINGS.—For 12
mos.
end. June 30 1913, gross,
$2,008,281;
net,
after taxes, $833,931; int., $260,216; sinking fund, $35,544; bal., $538,171.
ROAD.—Owns and operates 64.1 miles of track n the city of Dallas and
Standard gauge.
OFFICERS.—Pres., Marshall M. Phinney; V.-Ps., Robert T. Paine 2d;
G. L. Weymouth and Edward Byrnes; Treas., Henry B. Sawyer; Sec.,
Chester M. Clark.
Gen. Mgrs., Stone & Webster Mgt. Assn.—V. 89, p.
suburbs.
186 cars.
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.
.
TEXAS TRACTION CO.—A troUey road.
ORGANIZATION.—Incorp. in Texas
Sept. 25 1908.
Franchises ex¬
pire in 1950 on streets and highways; rest of road built on private right of
way.
On
None since.
1)4%.
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
authorized amount of Its 1st mtge. from $7,500,000 to $10,000,000.
On Feb. 1 1913 acquired physical properties of Corslcana Transit Co., a
stroot rftilwsy*
—»
entered into a 50-year contract with the Texas Pow. &
which the latter company will supply all the power for the
Southern Trac. Cos. 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 construc¬
tion has commenced, remainder in 10% installments as called at least
30 days apart.
V. 93, p. 1464.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
1912
Lt. Co., under
$5,000,000
2,000,000
Common $5,000,000 ($100)
Pf $2,500,000 ($100) (see text)
First mtge $10,000,000
gold)
1912
5 g J-D
6,000,000 June 1 1942
($1,000)
c* JInt. at;St. Louis Union Tr. Co., St. L.. Trustee
Second mortgage $500,000
1912 *
—
500,000 June 1 1942
Stock.—Pref. 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 M. are subject to call at 102)4
and int. at 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.
Int. is payable at office of trustee or in New York.
*
Waco, 3)4 miles'in
Waxahachie.
Has placed an
and 2 work cars.
OFFICERS.—Pres., J. F. Strickland; V. P., Osce Goodwin; Treas.,
H. I. Gahagan; Sec., Jas. P. Griffin.—V. 92, p. 1566; V.
93, p. 46, 164
230,1464; V. 94, p. 1187,1567; V. 95, p. 421, 968, 1274; V. 96, p. 286.
ROAD.—Owns
and
operates 17 miles of track in
Corsicana and 31 miles between Dallas and
order for 32 passenger, 8 express
DANBURY, CONN.
DANBURY & BETHEL STREET RY.
ORGANIZATION.—Incorporated May 7 1886 under the laws of Con¬
Has a perpetual special charter, the only street car company
serving the city of Danbury and town of Bethel.
Its lines also extend to
the Danbury Fair Grounds and the pleasure resort of Lake Kenosla.
In
May 1903 tire State Legislature authorized an increase of $300,000 of capital
tock to provide for extensions.
necticut.
Interest.
Outstanding. Last div ,Ac
J-J .
$320,000 Jan.'12, 2 %
5 g M-N
200,000 May 11914
Consol mtge
$300,000 gold/ 1906
5 g M-N
100,000 May 11936
($500 and $1,000)
{Int. at American Trust Co., Boston, Trustee.
Debenture
bonds
$75,000) 1908
6;M-S°
75,000 Mch 1 1918
($1,000 and $500).
c/lnt. at City Nat. Bank of Danbury.
Debenture bonds $150,000
1911
75,000
Jan. 11921
Bonds.—Of the $300,000 consol. mortgage, $200,000 is reserved to retire
the 5s due 1914.
The 1908 debs, are red. at 105 an any Int. date after due
notice.
Of the 1911 debs., $75,000 are reserved for like amount of debs,
on
Date.
Stock $623,000 (par $25);
First mtge $200,000 gold—1894
...
of 1908.
Dividends.—In 1896-97,
4%;
in 1897-98, 4%; in 1898-99, 2%;
1900, 1)4%;
in 1900-01, 1)4%; in 1901-02,
1903-04, 1)4%;* 1907 to 1911, incl., 4% ann.;
since to
May 1913.
REPORT.—For year ending June 30:
.Gross.
Net.
,
1911-12
$138,023
1910-11
140,428
Int. & Taxes.
$31,814
30,147
$40,029
43,175
Dlvs.
Balance.„
$6,400
sur.$l,815
12.800
sur.
228
OFFICERS.—Pres., Arthur E. Tweedy; V.-P., S. W. O. Jones; Sec. and
Treas., M. H. Griffing; Gen. Mgr., J. Sanders.—V. 86, p. 1159.
DAYTON, OHIO.
CITY RAILWAY CO.—A trolley road.
ORGANIZATION.—Chartered May 12 1893.
Is a consolidation of the
Dayton Street RR., the Dayton & Soldiers' Home RR., the
and the Green line.
Franchises run for 50 years from
RR.
Fifth Street
Feb. 8 1892
and
April 19 1893.
In April 1911 paid a special div. of $9.09
applicable at option of holder to purchase of
p. 1178.
.
STOCK
AND
BONDS—
Date.
1-11 per share on com. stock
additional com. stock. V. 92,
Interest.
Q-M
6 Q-M
Common, $2,400,000 ($100)..
Preferred, $600,000 ($100)
Bond Issues have been paid off.
Outstanding.
$2,400,000
600,000
Maturity.
June '13 2%
June'13 1 )4 %
DIVIDENDS.—6 % per annum is being paid on preferred.
On common,
in 1900 to 1903, incl., 6%; also 16 2-3% ($250,000 in new stock at par or
in cash), declared Nov. 1903, paid Jan. 1 1904; in 1904, 6%; in 1905, 6)4 %;
7% per annum; in Feb. 1907 paid a special dividend of
(V. 83, p. 1590); in 1911, Jan., IM%\ Apr., 1%% and special div. of
(see above); July, 1M%; Oct., 1M%; in 1912, Jan., 1)4%. In
Mar. 1912 began paying divs. Q.-M. instead of Q.-J. and on Mar. 31 paid
1)4%; June, 2%; Sept., 2%; Dec., 2%.
In 1913, Mar., 2%; June, 2%.
1906 to 1910 incl.,
5%
$9 09 1-11
EARNINGS.—For
cal.
year
1912,
gross,
$659,844;
in 1910, gross, $633,565; in 1909, gross,
ROAD.—Controls and operates in all 37 miles of
$652,125;
in
1911,
gross,
$575,822.
track, namely: Third
Line, Green Line, Kammer Ave. Line and Dayton
Gauge, 4 ft. 8 )4 in.; rails 70 and 80-lb. T and
girder; operating 42 G. E. 67 and 50 G. E. 800 motor equip¬
ments; 100 motor cars, 10 trailer cars and 3 sprinklers.
OFFICERS.—Pres.. E. D. Grimes; 1st V.-P., O. B. Clegg; 2d V.-P.,
Street Line, Fifth Street
& Soldier's Home Line.
70 and 90-lb.
Denison
E. J. Barney; 3d V.-P., G. G. Shaw; Seo.,
Agt., T. E. Howell.
Office, Western ana
p.
Bethel, and to
total* 16.075
in all; sidings, &c., 1.044 miles;
other cars.
Standard gauge.
Sherman find Denison and oity lines in both those cities.
Apr. 16 1911 the Texas Trao. Co. acquired all the properties of the
& Sherman Ry. Co., consisting of an interurban railway between
V. 92, p. 463.
in 18993%; in 1902-03, 3%; in
in 1912, Jan., 2%; none
ROAD.—Trolley road in Danbury, and from Danbury to
Lake Kenosia, 15.031 miles
miles.
42 passenger and 7
Stock and Bonds.—The first
In
1 1937
_
c*/Int. at American Trust Co., Boston, Trustee,
$1,000)|
2.000,000 Jan.
SOUTHERN TRACTION CO—A trolley road.
ORGANIZATION.—Incorp. on Mch. 27 1912 in Texas. Is constructing
Dallas to Corslcana; total, 134 miles.
Entire mileage is expected to be completed in 1913.
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
Maturity.
-
J-J
line from Dallas to Waco, and from
a
.
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
3-cent fares where passengers have to stand. V. 95, p.
1541, 1472, 113.
On June 14 1913 the Civil Court of Appeals of the Fifth District affirmed the
decision of Judge Force (see above).
V. 96, p. 1772.
5 g
EARNINGS.—For year ending Dec. 31 1912, gross, $608,649; neb,
$234,954; int., taxes, &c., $178,692; surplus, $56,262.
In 1911, gross,
$497,283; net, $186,962; int., taxes, &c., $159,138; surplus, $27,824.
ROAD.—Operates an interurban line between Dallas and Denison, 76
miles; also 8 miles of city lines in Denison, Sherman and McKinney.
En¬
ters Dallas over tracks of Dallas Consolidated Street Ry.
Standard gauge.
70 and 80 lb. T rails.
45 cars.
OFFICERS.—Pres., J. F. Strickland; V.-Ps., Osce Goodwin, J. S.
Heard, W. R. Brents; Treas., H. I. Gahagan; Sec., Jas. P. Griffin; Gen.
Mgrs., J. F. Strickland Co.—V. 84, p. 627; V. 87, p. 98; V. 88, p. 824
V. 92, p. 463, 1567; V. 93, p. 1192, 1535.
STOCK AND BONDS—
OALLAS ELECTRIC CORPORATION—Trolley.
The
1907
1911
8 A-O
400,000 Apr 1 1916.
1902
5 J-J
260,000 July 1 1927
$350,000 ($1,000)
c'/lnt. at Harris Trust & Sav. Bk., Chic., Trus.
Den & Sher second mortgage)
1911
6 A-O
185,000 April 1 1916
$185,000 ($1,000)
/Int. at Western Tr. & Sav. Bk., Chic., Ttus.
Bonds.—Of the $3,000,000 Texas Trao. 1st M. $1,000,000 is reserved for
future lmpts. and extensions.
Bonds can be called at 110 and accrued
Interest on any Interest date upon 30 days' notice.
A sinking fund of 5 %
of gross earnings, began July 1 1912. to be used in the purchase of bonds.
Tex. Trao. 2d mtge. bonds can be called on any int. day at par and int/
Den. & Sher. 1st mtge. bonds are sub. to call on July 1 1917, or after, at 105
and int.
A sink. fd. began July 1 1905 of 2% per ann. of bonds out until
1913, when amount payable Is 3% per ann. until 1917; from 1918 to 1922,
incl., 4% per ann.; 1923 to 1926, lncl., 5% per ann. $50,000 are held in s.f.
Dividends.—Initial div. on pref.—1 )4%—paid Mch. 15 1911; July, 1 )4;
ROAD.—Connects Cincinnati, Newport, Covington, Dayton, Bellevue
Ludlow, Bromley and Fort Thomas.
Total in operation, 60 miles; laid
with 80-lb. Johnston girder and 72-lb. "T" rails.
OFFICERS.—Pres., James C. Ernst; V.-P., James M. Hutton; Sec.,
and Treas., George M. Abbott.—V. 83, p. 1228; V. 84, p. 449, 930, 1366,
1488; V. 88, p. 824; V. 92. p. 1313; V. 94, p. 350.
<
;
$3,-/
g-__c*&r{lnt. at Old Colony Trust Co., Boston, Trust.
($1,000)
2d mtge, $500,000 T$1,000)__
Den & Sher first mortgage,)
In May
Underlying Bonds—
So Cov&Cin cons M
Maturity
$2,000,000
1,000,000 Nov.'11,1)4
Outstanding.
Interest.
Pref $1,000,000 6%cum ($100)
Nov.,
KY.
COVINGTON,
Date.
Common $2,000,000 ($100)
$320,000
4 g A-O
180,000 April 1 1920
First mtge, $180,000 ($500), |County Sav. Bk. & Tr. Co., Scranton, Pa.,
gold
c*(
Trustee. Int. at co.'s office. No sink. fd.
f 1901
I
STOCK AND BONDS—
Maturity.
Outstanding.
Interest.
Stock, com, $320,000 ($100).
way.
47
ELECTRIC RAILWAYS
ttEJPT.j 1913.
1590;
V. 92, p. 1178, 1564..
M. Hall; Gen. Supt. and Purch.
Auburn Aves., Dayton.—V. 83,
,
ELECTRIC RAILWAYS
48
DAYTON COVINQTON &
ORGANIZATION.—This
name
was
way
changed to the above In Aug. 1001.
STOCK AND BONDS—
Dots.
stock auth, $800,000 ($100)..
Pref 5 % n-C, $550,000 ($100)
1st mortgage, $550,000 goldl 1902
Interest.
Outstanding.
Maturity.
$800,000
550,000
5 g A-O
490,000 April 1 1922
($1,000)
c*/Int. at Old Colony Tr. Co., Boston, Trustee.
2d mortgage. $60,000
6 g M-S
60,000 Sept 1 1919
Bonds.-*-$100,000 1st mtge. bonds are reserved for extensions and Im¬
provements; 2d mtge. bonds are subject to call on any interest date at 105.
EARNINGS.—For year ending June 30 1913. gross, $146,912; net,
$57,158; Int. & taxes, $38,336; surplus, $18,822.
ROAD.—Total track 38 miles,
standard gauge.
70-lb. T, 80 and 90Ib. girder rails.
10 passenger cars, 2 express cars and 5 other oars.
OFFICERS.-—Pres., D. Dwyer; V.-P. and Gen. Mgr., Thos. T. Robinson.
Supt., T. J. Brennan.—V. 77, p. 146.
.......
.......
....
STOCK AND BONDS—
Stock $20,000.000 ($100)..
Interest.
Outstanding.
Maturity,
$5,000,000
See text
1893
5 g A-O
1,167,000 Oct
1 1933
mtge, $4,000,000. gold.—VInt.at Bkrs.Tr. Co., N.Y., Tr. A in Denver.
Purchase money mtge gold! 1899
5 g A-O
2,000,000 April 1 1919
$2,000,000 ($1,000 A $500) c* l Interest at Central Trust Co., N. Yv, Trustee.
1st A ref mtge, $25,000,000 gl 1908
5 M-N
5,399,000 Nov 1 1933
($500 A $1,000) sink fd__c*j Int. at Bkrs. Tr. Co., N. Y., Tr. A In Denver,
DenvReal.Co coll tr notes gul 1911
5 X A-O
750,000 Oct
1 1913
$750,000 ($500A$1.000)g.oflnterest In Denver, Chicago or N. Y.
Bonds.—The mortgage of 1899 Is a first Hen on the Denver City and
West End properties and a lien on the Denver Consolidated Tramway
junior to its existing mortgages, to remain outstanding and be assumed.
Abstract of Denver Consolidated Tramways consolidated mortgage of
1893.
V. 52, p. 354,
Of the first and refunding bonds of 1908, $10,911,800 are reserved for prior liens (inoluding the Denver Tramway
Power bonds and the Denver A Northwestern bonds) and the remaining
$8,689,200
for additions and Improvements at 85% of actual cost,
no
more
than
$350,000 to be Issued In any one year until the $6,000,000
bonds of Denver A N."W.have been retlred.and thereafter only under oertain restrictions.
See V. 88, p. 882; V. 90, p. 109; V. 92, p. 186.
Bonds
since.
EARNINGS.—For cal. year 1912, gross, $286,935; net, $82,181; deduc¬
tions, $30,146; divs., $36,500; surplus, $15,535.
ROAD.—Owns and operates 36.41 miles of track (12.74 m. double. 10 X
miles single, 1 mile sidings) between Dayton and Troy.
Leases the Miami
Valley Ry., extending from Troy to Plqua and comprising 12.91 miles of
traok.
Total
track, 49.32
miles.
DAYTON SPRINGFIELD & XENIA SOUTHERN RY.—1Trolley.
as successor to the Dayton A
Co., sold at foreclosure.
Stook, auth. and outstanding,
$200,000 com. and $300,000 pref.
Par $100.
1st M. auth. and Issued,
ORGANIZATION.—Incorporated In 1909
Pres., C. J. Ferneding; V.-P., T. A.
Ferneding; Seo. & Treas., H. L. Ferneding. all of Dayton. V. 89, p. 285.
Dayton to Spring Valley.
DIVIDENDS.—Previous to May 1902 paid 4% per ann.; then stock
practically all exchanged for Denver & Northwestern Ry. and deposited
was
trolley road.
under that company's first and coll. mtge.
ORGANIZATION.—Incorporated July 22 1870 in Ohio.
Franchise ex¬
pires 1941.
In Oct. 1909 the Ohio Supreme Court held the franchise valid
the objections of the City Solicitor.
Stook authorized and outstand¬
ing, $500,000* (par $100).
No bonds.
Operates 8 miles of traok in
Dayton and suburbs.
Standard gauge.
Pres. and Treas., Charles B.
Clegg, Dayton; Gen. Mgr., Henry Gebhart, Dayton.
OFFICERS.—Pres., Wm. G. Evans; 1st V.-P.. S. M. Perry; 2d V.-P. and
Gen. Man., John A: Beeler; Sec. and Treas., Thos. Keely; Aud., W. A.
Doty.—V. 94, p. 207, 1185, 1382; V. 95, p. 1472; V. 96, p. 1156, 1628;
over
TlFT.A WA"R1P
•
COLUMBUS MAGNETIC SPRINGS
ORGANIZATION.—Incorporated in
V. 97, p. 298.
(a)
i
NORTHERN RY. •
Ohio on Oct. 15 1906, and is
Tramway Co.'s lines.
Its property is operated and maintained by the
Denver City Tramway Co. under lease.
Its bonds are guaranteed, principal
interest, by the Denver City Tramway Co.
a
and
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
stock $500,000 ($100)
$500,000
First improv mtge $1,500,000 r 1903
5 g A-O
1,215,000 April 1 1923
gold ($1,000) guar p A1
{Int. at Internat. Trust Co., Dehver, trustee.
I
or Guaranty Trust Co., New York
Bonds.—Of the 1st Improv. mtge. bonds, $2,000 are reserved for future
improvements at cost.
Are subj. to call on any Int. date at 105 and Int.
A sinking Jund of $50,000 p. a., to retire bonds at 105 and Int., oommenoed
In 1908, and $283,000 have been retired.
This Is also guar, by Denver City
Tramway.
Interest payable In New York and Denver.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $200,000 ($100)
$130,000
Pref. 6% n-c, $200,000
100.000
CMSAN 1st M, $400,000,goldl 1906
5 g M-N
250,000 Nov 11931
($1,000), cannot be called,}Interest at Colonial Trust Co., Pittsburgh,
and no sinking fund
-_:c»J
Trustee:
EARNINGS.—For year ending June 301913, gross, $20,597; oper. exp.,
$20,833; def., $237; taxes, $1,635; total def., §1,872.
ROAD.—Operates 18 miles of track from Delaware to Magnetic Springs
-
-
and Rlchwood.
way Co.
Normal capacity of company's plant, which Is situated on the
Platte River In Denver, is 9,500 k. w.
Owns 4 sub-stations, one of 1,500
k.
DENVER
COL
(W
——
gold $6,000,000 ($500 and
Interest.
Q-J10
Sink.Fund
$50,000 $1,127,040
50,000 1,094,943
50,000 1,015,834
50,000
941.940
1,735,907
1,695,299
Bonds.—-Remaining bonds are for Improvements.
They mature $60,000
annually Sept. 1 1916 to 1940.
Red. as a whole any Int. day at 105 and
Int. on 30 days' notice.
V. 94, p. 1383.
OFFICERS.—Pres.. John Evans: V.-P.. Wm. G. Evans; Seo., A. C.
Montgomery; Treas., F. G. Moffat.—V. 9$, p. 1160; V. 94, p. 1383.
(c>
Denver & Inter-Mountain RR.
ORGANIZATION.—Incorporated in Colorado about Oct. 29 1907 as
Inter-Mountain Ry., but on April 2 1909 changed name to present title.
Private right 'of way.
Franchises in Denver and Golden are perpetual.
Entire stock and outstanding bonds are pledged to secure $750,000 Denver
Realty Oo. notes.
See under Denver City Tramway above.
Has passenger
arrangements with Denver City Tramway for interchange of transfers on
Denver City lines; also has contract for use of tramway oo's tracks In enter¬
ing Denver.
Has freight traffic agreements with Denv. A N. W. Ry.
STOCK AND BONDS-^
Surplus.
542,210
^Den
ver City
TramAway
Co.—Electric.
May 1902
Denver
Northwest
Ry. obtained
control, exchanging its
aeourltles for Denver Olty Tramway stock.
See V. 74, p. 1038.
ORGANIZATION.—Chartered In Colorado In Jan. 1899 for 50 years.
Comprises the entire street railway system of Denver. Is owner by
purchase and consolidation, of following companies, formerly operating
..
Inter-Mountain Ry. 1st mort-1
gage gold, $750,000
and $1,000)
670,078
703,359
Bonds
are
Interest.
Date.
Stock, $1,000,000 ($100)
$531,431
Note.—On Deo. 14 1910 a destructive fire destroyed the main shaft and
workings of the Leyden mines, which were then producing 1,000 tons per
day.
This resulted In a loss of all the freight business and much passenger
business during all the year of 1911.
New fireproof shafts were placed in
operation, with largely increased capacity, on April 22 1912.
*
Fixed charges Include taxes and franchise payments.
Dividends.—Prior to July 1909 dividends were at rate of 6% per annum.
In July 1909 quar. dlv. was increased to 2 % and same amount has been paid
quarterly since to and Including July 1913.
>;
ROAD.—Operates 27.19 miles of track through former town of Berkeey (now part of City of Denver), northwesterly through Arvada to coal¬
mining town of Leyden, Including branch from Arvada to Golden.
Gauge,
3-ft. 6 In.
75 and 80-lb. T rail.
103 cars, of which 5 are motor freight,
92 gondola, flat and dump freight cars, remainder miscellaneous.
OFFICERS.—Pres., S. M. Perry; 1st V.-P., W. G. Evans; 2d V.-P. and
Gen. Supt., John A. Beeler; Seo. and Treas., F. G. Moffat; Aud., W. A.
Doty.—V. 94, p. 418,1383.1763; V. 96, p. 863; 1628; V. 97, p. 286,298,594.
Seo. and
<.
Date.
Interest.
Outstanding.
Maturity.
$500,000
1st M $1,500,000 gold ($1001 1910
5 g M-S
1,315,000
See text
and $1,000) guar p & i__o*jInt.at Bankers Tr. Co., N. Y..trus.,AlnDen
"Fixed
Pow.Bds. Charges.
$1,708,472
1,687,153
The Denver Tramway Terminals Co.
STOOK AND BONDS—
Stock $500,000
Trustee; also office of company In Denver.
Bonds.—Can be called on any Interest day at 105 and Interest upon 90
days' notice.
On Aug., 1 1907 whole issue was called for payment Nov. 1
1907, but. the panio Intervening, the notice was rescinded.
EARNINGS.—r-Of combined system for years ending Dec. 31;
.$3,422,372
1911.3,421,854
1910—3,595,158
1909..
3,374,133
capacity.
latter company for 99 years.
5 g M-N
6,000,000 May 1 1932
[Interest at Bankers Trust Co.. New York,
*
w.
ORGANIZATION.—Incorporated lh Colorado Aug. 24 1910 to build a
a loop line for the Denver City Tram. Co.
V. 91, p. 1160;
Entire stook Is owned by Denver City Tram. Co., which
company guar. Terminals Co. bonds, prin. and Int., and also leases the
Outstanding.
Maturity.
$6,000,000 July'13,2%
Net.
of 900 k.
terminal and
—-c«J
Gross,
two of 1,000 k. w. and one
V; 92, p. 186.
of exchanging their bonds for 1st & ref. bonds of the Denver City Tramway
Co., and in addition $50 in non-interest-bearing scrip exchangeable in
amounts of $500 for 1st & ref. bonds.
V. 97, p. 298, 236.
The time for
making deposits for exchange has been extended to Sept. 25 1913.
If all
the bonds are exchanged, the company will be liquidated and the stock will
be exchangeable for shares in the Tramway Co. * V. 96, p. 1628..
STOOK AND BONDS—
Date.
Stock $6,000,000 ($100).——
First and collateral mortgage) 1902
w..
""OFFICERS.—Pres., Wni. G. Evans; V.-P., John A. Beeler;
Treas., Thos. Keely.—V. 90, p. 1044; V. 92, p. 1112.
THE DENVER & NORTHWESTERN RY.—An electric road.
Control.—In Mar. 1913 a syndicate headed by Boettcher, Porter & Oo. of
Denver, acquired a controlling interest through purchase of the stock, about
$l,600,000,lield by Marsden J. Perry of Providence, this purchase making
its total holdings about a 75% interest.
See V. 96, p. 863.
ORGANIZATION.—Incorporated in Colorado In June 1901.
Current
Is furnished by Denver Tramway Power Oo.
Franchise in Denver runs lor
50 years; in Golden tor 99 years; upon and across county roads is perpetual.
Remainder (comprising main mileage) is over private right of way.
In May 1902 purchased stock of Denver City Tramway Co.
See V. 74,
p. 1038.
This stock has been deposited as collateral under the new mtge.
In June 1913 holders of the 1st & coll. mtge. 5s were offered theprivilege
---
PLANT.—Is operated by and furnishes all power for the Denver Tram¬
OFFICERS.—Pres., W. M. Galbralth; Pitts.; V.-P. and Treas.. 0.
Magee Jr., Pitts.; See., Chas. J. FIfer Rlchwood,, Q.—V. 83, p. 1228, 1469
1912..
The Denver Tramway Power Co.
ORGANIZATION.—Incorporated In Colorado March 1901 and owns
the electrical power plant, and distributing system which supplies the cur¬
rent for the operation of the Denver A Northwestern curd the Denver Olty
nWTfl
consolidation of the Delaware & Magnetic Springs Ry. and the Rlchwood
4o Magnetic Springs Ry.
Private right of way except in City of Rlchwood.
Road out of business from March flood to July 19 1913.
$1,000)
for sink, fd., at 105 and Int.
ROAD.—Owns 203 miles of electric track.
Gauge, 3 ft. 6 in.
Prin¬
cipally 65 and 72-lb. rail.
431 cars, of which 251 motor passenger cars,
115 trail passenger cars and 65 miscellaneous.
ROAD.—Owns and operates 40.47 miles of track from Dayton to Xenla
RY. CO.—A
whole but notln part, except
60
EARNINGS.—For 12 mos. end. Dec. 31 1912 (city lines only), gross,
$3,314,634; net, $1,655,455; charges and taxes, $$70,260; surplus, $785,195.
$500,000.
Earnings for year ending June 30 1911, gross, $149,383; net,
$37,877: Int. A taxes, $33,334; surp., $4,543.
STREET
as a
lnt day after 1913 up to Nov. 1 1923; thereafter at 102 X and Int.
days' notice.
Sinking fund of.1% of bonds out begins Nov. 1 1914
until and Including Nov. 1 1923; thereafter 2% of bonds out.
Denver
Realty Co. notes are callable as a whole but not In part at 100 X and Int. on
any Int. day on 30 days' notice.
International Trust Co., Denver, trustee.
They are guar., p. A1., by Denver City Tram. Co. and are secured by pledge
of entire outstanding stock and bonds of Denver A Inter-Mtn. RR.; $170,000 1st M. bonds of Boulv. Real Estate Co. and real estate valued at $200,000.
V. 94, p. 210.
.
on any
Xenta Transit
OAKWOOD
callable
are
on
OFFICERS.—Pres., H. P. Clegg; V.-P., Chas. B. Clegg; Sec., L/C.
Clegg; Treas. and Gen. Mgr., R. A. Crume; Aud., F. Sprague.
General
office, Tippecanoe City, O.—V. 94, p. 123; V. 95, p. 1744.
and from
Date.
Denver Consol Tramway oons/
DAYTON & TROV ELECTRIC RY.—A trolley road.
ORGANIZATION.—Incorporated In 1900.
Is built entirely on private
right of way.
Completed In Deo. 1901.
Rails 70-lb. T.
Power house
located at Tippecanoe City, Ohio.
Stock, $500,000 ($100) common authand Issued, and $800,000 ($100) 5% cum. pref. auth.; $644,700 Issued.
Ohio Public Service Commission has granted permission to issue.$300,000
5% cum. pref. stock to pay outstanding bills for. impts. already made.
Y. 95, p. 1744.
No bonds contemplated.
In May 1902 took over Miami
Valley Ry. under 99-year lease at a rental of $9,600 per annum, which Is
applicable to stock of $300,000, mortgage having been canceled.
Dividends.—On the preferred stock 5% per annum Is being paid.
On
com., Jan. 1 1904, 2%; in 1905, 6%; in 1906, 6%; in 1907, 2%; in 1908,
none; In*1909, 5%; In 1910, 6%; in 1911, 5%; in 1912, March, 1 H%i
none
xcvii.
In and about Denver: The Denver Bleotrlo A Cable Ry., the Denver Tram¬
Co., the South Denver Cable Ry., the Denver Tramway Extension
Co., the Denver Consolidated Tramway Co., the Metropolitan Ry., the
Denver City Cable Ry., the West End Street RR„ the Denver City Trac¬
tion Co. and the Colfax Electric Ry.
Also owns entire stock of Denver
Tramway Power Co. and Denver Tramway Terminals Co.
Franchises.—The general franchises under which The Denver City Tram¬
way Co operates Its lines within the City of Denver are: a franchise author¬
izing It to operate and maintain cable and electrtc railways, granted
Feb. 5 1885, covering all its present lines within the city—substantially
202 miles.
Also operates under a 20-year grant,
voted by the taxpaying electors of the city in May 1906, which authorizes it to maintain
three-rail tracks, gauges 3 ft. 6 In. and 4 ft. 8 X In. over all Its present lines
within the city, and permits the construction of certain viaducts and exten¬
sions.
See decision In V. 84, p. 220.
Under decision of the U. 8. Circuit
Court of Appeals on Nov. 11 1912, the company has theundisputed right to
use the streets until 1926.
The city may then raisethe question as to the
time when such rights
expire. The company claims that its franchise is
perpetual. See decision m V. 95, p. 1472.
PIQUA TRACTION.—A trolley road.
formerly known as the Dayton A Troy
The D. & T.
Traction was Incorporated In Ohio in Jan. 1900 to build a street railway
from Dayton to Troy, but route was changed, and road constructed from
Dayton to Covington and Plqua, about 38 miles.
Company aoquired the
right to use the tracks of the People's By. In entering city of Dayton.
On Jan. 11 1013 the Pa S. Comm. granted permission to Issue $40,000
1st M. 5% bonds.
'
Traction, but
[Vol.
($100
12
Maturity.
[Interest at Continental Trust Co., Denver,
o.*J
trustee, or Bankers
callable at 105 on any Int.
EARNINGS.—For
Outstanding.
$1,000,000
500,000 Jan. 1 1938
——
5 g J-J
1908
end.
Trust Co., New York,
day after 1913.
June 30
1912,
gross, $143,493; net,
$39,606; Int. A taxes, $34,150; surp., $5,456.
In 1910-11. gross, $131,747;
net, $31,077; Int. A,taxes, $28,887; surp., $2,190.
mos.
ROAD.—Operates from Denver to Golden and from Barnum Juno, to
Main track, 15.25 miles; total traok, inol. 2d
40, 75 and 80-lb. T rail, Stand?
and around Barnum Loop.
and leased track and sidings, 24.13 miles.
ard gauge.
•
-
OFFICERS.—Pres. A Gen. Mgr., Wm. G. Smith; V.-P. A Asst. Sec.,
Treas., F. G. Moffatt.—V. 94, p. 207.
A. O. Montgomery;
DERRY, PA.
WESTMORELAND COUNTY RAILWAY CO.
ORGANIZATION.—Incorporated in Pennsylvania on Deo. 27 1904.
is
a consolidation of the BradenvlUe A Derry Street Ry. and the Blalrsville A
Deary Street Ry,
STOOK AND BONDS—
Stock $500,000 ($50)
Date.
Interest.
Outstanding.
Maturity.
$500,000
208,000 Mch. 1 1935
($100)
c»\lnt. at East End. Sav. A Tr. Co., Pitts., Tr
BONDS.—No sinking fund and bonds are not subject to call.
.•
EARNINGS.—For year ending June 30 1913, gross, $47,886; net, $13.- :
464; int. and taxes, $15,248; def., $1,785.
First mortgage
$250,000 gold!
1905
ft
g
M-S
49
ELECTRIC RAILWAYS
Sept., 1913. J
7
ROAD.—Operates
1507.
V. 94, p.
STOCK AND BONDS—
DES
MOINES CITY
stock
of its
1911
c*(Guaranty Trust Co., N. Y., Trustee.
Harris
Chicago
of
$8,880,000 are reserved to retire underlying liens and $1,534,000 are la
Entire issue or any part thereof is subject to call at any time
and interest on 60 days' notice.
See V. 73, p. 1111.
treasury.
at 105
Detroit Electric
>
;
'
1
versing the decision of Judge Appiegate of the DLst. Court of Dallas Co. on
Dec. 2 1910 (V. 91, p. 1574), held that the company's franchises under the
Turner ordinance of Dec. 10 1866 expired Jan. 1 1898 instead of being per¬
petual as claimed by the company.
The co. has been granted 2 years
within which to negotiate with the city for a new franchise or to dispose of
its property.
See V. 96, p. 947.
Guarantees the Inter-Urban Ry. Co. 1st M. bonds, prln. & Int.
See
below.
STOCK AND BONDS—
Outstanding.
Interest.
Date.
Common, $3,000,000 ($100)—
Pref 6% n-c. $250.000..-
Maturity'
$1,055,000
250.000
——
—
St
RR
1889
M
1st
,6 g A-0
■,
c*
1897 Interest, see V.
retire
to
the
Chlo. Trustees, 111. Tr.
Sav. Bk. and Wm. H. Henkle of Chic.
refunding mtge. bonds of 1901, $521,000 are
underlying 6s outstanding.
Of the $2,406,000 5s
reserved
reported
outstanding, $128,000 are in the treasury and $5,000 have been deposited
with Illinois Trust & Savings Bank to be held in lieu of the $4,000 Des
Moines City Ry. 6s still out.
Bonds can be called on any int. date at 106
and int.
Sink. fd. $10,000 yearly on April 1 from 1906 to 1910, $15,000
from 1911 to 1915 and $25,000 from 1916 to 1920.
The remaining bonds
only be issued to pay for not exceeding 80% of cost of extensions, pro¬
viding net earnings are 50% in excess of interest charges upon all bonds
outstanding, including those to be issued.
Of the $252,000 Des Moines
Street RR. 6s reported outstanding, $25,000 are held in the treasury.
REPORT.—For year ending Mar. 31
1913, gross. $1,272,478; net,
mtge,
170 pass.,
10 freight, 8 work and 7 mlscel. cars.
OFFICERS.—Pres., Emll G. Schmidt; V.-P., Treas.
& Gen. Mgr., C. F.
Hewitt; Sec., O. H. Bernd; Asst. Sec., E. P. Smith.—V. 86, p. 546; V. 88,
p. 1313; V. 89, p. 224; V. 91, p. 1574; V. 92, p. 794; V. 93. p. 407, 588;
V. 95. p. 818; V. 96, p. 947.
INTER-URBAN RAILWAY CO.—A troliey road.
ORGANIZATION.—Incorporated In Iowa to construct a system of
Interurban roads connecting with Des Moines.
The Des Moines City Ry
Co. guarantees the bonds,
prln. and Int.
STOCK AND BONDS—
Date.
Stock, $1,200,000 ($100)
1st mortgage, sinking fund,)
1901
gold ($1,000), guaranteed Amer.
Interest.
Outstanding.
Maturity
----$1,160,000
5 g A-O
1,160,000 April 1 1921
Trust & Savings Bk., Chic., Trustee.
6,y<5o 1. by Des Moines City
at Harris,
& Co.,
NewChicago.
York, and
c*J Int.
Harris
Trust Forbes
& Savings
Bank,
Detroit & Northwestern Ry.
mtge,
$1,000,000, gold! 1901
4H g M-N
$855,000 May 11921
($100, $1,000)
c+iInterest at Union Trust Co., Detroit, Trustee
Bonds.—Are guar., p. & L, by Detroit United Ry. by end., and are sub¬
ject to call at 105
jl.000)
-
j Interest
guaranteed
Issues
Detroit & Flint Railway.
The Detroit & Flint
Ry. was organized to acquire the Detroit Rochester
Romeo & Lake Orion,
tpgether with the Nor. Det. Elec. Ry. and the Det.
The consol. mtge. is a 1st lien on these last two prop's.
Utlca & Romeo Ry.
Date.
D
R
R
L O
ds
sinking fund, gold ($1,000),
,
REPORT.—Annual report of the Detroit United Ry. for the year ending
1912
31
published in V. 96.
was
Monroe
ORGANIZATION.—Incorporated In Michigan Dec. 31 1900 and took
franchises and properties of the Detroit Citizens' Street Ry., the Detroit
Isle and the Detroit Suburban.
Embraces all the street railway lines In Detroit.
Electric Ry., the Detroit Ft. Wayne & Belle
by
purchase the Detroit & Northwestern Ry., which Is
known as the Orchard
as
Lake division, the Detroit & Pontlac Ry., known
Wyandotte & Detroit River Ry.. known as the
the Pontlac division, the
Wyandotte division, and the Detroit d> Flint, formerly the Detroit
ter Romeo & Lake Orion Ry., and known as the Flint division.
Roches¬
capital stock of the Detroit & Port Huron Shore Line (Rapid
Railway System); Sandwich Windsor & Amherstburg Ry. (acquired in
Aug. 1901); Detroit Monroe & Toledo Short Line Ry. (acquired in Feb.
1906) and the Detroit Jackson & Chicago Ry.
The last-named is a re¬
organization of the Detroit Ypsilanti Ann Arbor & Jackson Ry., the Jack¬
son Ann Arbor & Detroit Ry. and the Detroit Plymouth & Northville Ry.,
which were acquired in Jan. 1907.
In Aug. 1901 purchased 180 shares (all) of the stock of the City Electric
Ry. and the People's Electric Light plant of Windsor, Ont.
Ordinance Defeated.—At referendum election on Jan. 23 1912, the pro¬
posed ordinanoe (V. 93, p. 1190) passed by the Council Jan. 16 1912, looking
to the settlement of all differences between the city and the company,
Owns entire
V. 94, p. 278.Franchise Decision.—On Oct. 2 1912 the Mich. Supreme
was
Gross earnings
Court, in a deci¬
Wayne Co. Circuit Court, held that the com¬
has no right to continue to operate its cars in Fort St., the 30-year
franchise originally granted having expired.
The Court also holds, how¬
ever, 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
operation
Income from other sources.
Income from all sources.
Interest and taxes
Dividends
V. 96, p. 1556, 947.
April 7 1913 the citizens voted in favor of an amendment authorizing
See V. 96,
p.
1088.
Temporary Agreement with City.—On Aug. 8 1913 the Common
Council
rescinded the ordinance adopted Oct. 26 1909 fixing the rental on lines on
which franchises had expired at $300 per day, and adopted the recommenda¬
tion 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 construc¬
ted; 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 consider¬
ation of the foregoing.
5. The existing rights of city or the railway shall not be impaired by this
temporary agreement.
V. 97, p. 443.
$4,173,978
2,123,513
$3,851,905
2,123,398
625,000
178,813
$3,516,922
2,030,622
500,000
100,000
400,000
400,000
100,000
$3,348,513
$3,148,398
$2,530,622
$825,465
$703,507
$986,300
'
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 1H % quarterly.
On Nov. 1 1905 1
%.
In 1906 5 %.
In
1907, Feb., 1
May. 1H%; Aug., 1 H%None to Mch. 1911. wheD
134% was paid; same amount quar. to and incl. Dec. 1912.
In
1913 rate was increased to 134% quar.; June, 134%; »Sept., 134%.
March
1913 operated 793.278 miles of crack, as follows
Detroit United, Including Wyandotte & Detroit River
Ry., Detroit A
Northwestern. Detroit & Pontlac, Detroit & Flint, 438.01 miles; Detroit &
Port Huron Shore Line, 132.24 miles; Sandwich Windsor & Amherstburg
ROAD.—On Jan.
1
Ry., 38.28 miles; Detroit Monroe & Toledo Short Line. 76.70 miles; Detroit
Ry., 108.05miles.
Rails, 77, 85 and 98 lb. steel. Does
express service. Has l.274closed passenger cars, 276open passenger cars.
233 freight and construction cars, 37 line cars, 71 express oars, 14 miscel¬
laneous cars, 2 locomotives, 3,344 motors and 2,556'trucks.
There are 11
Jackson & Chicago
an
power-houses, with a combined capacity of 47,590 h. p., 2 storage batteries
with a combined capacity of 4,500 amperes and 23 sub-stations with a
ooinblned capacity
»
of 20,850 k. w.
OFFICERS.—Pres., J. C. Mutchlns, Detroit; V.-P.'s, Arthur Pack, De
Ferguson, Montreal; Treas., George
A. E. Peters. Detroit; Gen. Mgr., F. W. Brooks,
12 Woodward Ave., Detroit.—-v. 94, p. 123, £07,
V. 95, p. 110, 890, 1683; V. 96, p. 419, 483, 947,
p. 443.
.
trolt, E. W. Moore, Cleveland, and A. J.
H.
Russel, Detroit;
Detroit.
Sec..
General offices,
1088, 1556, 1628;
V. 97,
(1)
vide for cost thereof.
5,981,065
$3,364,154
152,768
Depreciation charged off
Entire outstanding capital stock
On
6,580,042
$3,673,092
Contingent liability reserve
-
$9,345,219
7,730,409
625,000
pany
Court affirmed the decision as outlined above.
1910.
.
$3,965,121
208,857
(5%)
sion affirming that of the
the city to acquire by purchase or condemnation or construction, and to
own and maintain and operate street railways and to issue bonds to pro¬
1911.
___208,538,594 182,612,786 165,920,753
61,393,877
53,652,879
48,237,720
—$11,695.530 $10,253,134
_____
Net earnings from
278, 416, 485, 767, 1507;
defeated.
483.
1912.
—
Surplus income
over
p.
Ry. Sys., Sandw. Wind. & Amherstb. Ry.. De
& Tol. Sh. Line Ry. and Det. Jack. & Chic.
Detroit United Ry.. Rapid
Operating expenses
DETROIT, MICH.
Outstanding.
J-D
*1 ,500,000; unissued bonds
canceled.
c»J
consol M.l 1901
5 g F-A
$1,400,000 Aug 1 1921
g, $3,000,000 ($1,000)-,c*jlnt. at Tr. Co. of America, N. Y., Trustee.
Bonds.—Of the consolidated mtge., .$1,100,000 are reserved to retire
oonds of like amount of the D. R. R. ds Lake O. Ry. and $500,000 have been
canceled.
Consolidated bonds are subject to call at 100 and interest
on
60
days'
notice.
Both
issues
are
guaranteed
by
the
Detroit
United Ry.; see form of guaranty in V. 76, p. 1300; as "additional collateral
security" on the Flint bonds 1st consol. 4H % bonds of the Detroit United
are deposited, $ for $, with the Guaranty Trust Co. of New York, and would
be available In the event of default on the Detroit d; Flint bonds.
have been
Total deductions.
Later absorbed
Maturity.
$1,100,000 June 1 1920
.Trust & Savings Bank,
Chicago, Trustee; also Guaranty Trust
Co.; New York.
5 g
Interest at American
Detroit & Flint 1st
passengers
▼. 72, p. 44, 183.
interest.
1900
Ry 1st mtge,
Transfer
UNITED RAILWAY.-^-(See Map page 50.)—Trolley;
Detroit.
Dec 1191$
c*JInterest at Union Trust Co., Detroit, Trustee
($1,000), gold
passengers
DETROIT
Bank,
Wyandotte & Detroit River Ry.
$425,0001 1898
5 g J-D
$425,000
Revenue
•
State
Detroit United by endorsement.
by
M.
consol
ut
but only
those to
A sinking fund of 5%
of bal. of annual net earns., after payment of all charges, became operative
April 1 1906. and bonds so purchased are to be kept alive for purpose of the
fund; $9,000 is held in sinking fund.
Debentures are red. on any int.
$291,623; net, after
taxes, $70,898; In 1910-11; gross, $272,589; net, after taxes, $90,959.
ROAD.—Operates 73.69 miles of track (incl. sidings) connecting Des
Moines and Colfax, Des Moines and Perry, with branch to Woodward.
Standard gauge; 60 and 70-lb. Trail.
12 pass., 83 freight and 2 mlso. cars:
4 locomotives.
Cars enter Des Moines oyer tracks of Des Moines City, Ry.
OFFICERS.—Pres.,, Emll G. Schmidt; V.-P., Treas. & Gen. Mgr.,
O. F. Hewitt; Sec.. O. H. Bernd.—V. 74, p. 680.
People's
at
con
mtge.
g
($1,000),\ 1901 4^ g J-D
600,000 June 1 1926
$1,100,000
c*&rj Int. at Washington Trust Co., N Y
Trustee
Bonds.—$500,000 consolidated mtge. 4ft % bonds are reserved to retire
like amount of 1st mtge. bonds.
Bonds are subject to call at 105 and Inter¬
est on 60 days' notice after June 1 1911.
Principal and Interest of both
and at not over $16,000 per mile for new road,
when net earnings equal 1 H times all Int. charges on bonds out and
at 101 and int.
EARNINGS.—For year ending Nov. 30 1912, gross,
5 g F-A
1897
1st
■ot over 80 % of cost
date
$500,000 Feb 1 192$
c*)Wash!ngton Trust Co., N. Y. .Trustee.
$500,000. gold)
Deo.
Bonds are subj. to call at 105 and int.
See V. 73, p. 494.
and Int. on 60 days' notice.
Detroit & Pontiac Ry.
1st mortgage,
T. 95, p. 818; V. 96, p. 947.
Debentures, $350,000 ($1,0001 1913
6 J-J
109,500 Jan 1 1923
and $500)
(Int. at Harris Tr. & Sav. Bk., Chic., Trustee
Bonds.—Other bonds may be Issued for acquisitions and extensions at
be Issued.
.
g.
1st
after taxes, $369,944.
35 to 129-lb. rails.
1219.
Detroit Fort Wayne & Belle Isle.
$1,200,000 f 1898
5 g A-O
$1,200,000 April 1 1928
($1,000)
c* r (New York Trust Co., Trustee.
(.Subject to call at $105 and Int. on 60 d.notlce
Interest at Kean, Van Cortlandt & Co., New York.
1st
may
ROAD.—Operates 85.07 miles of track.
65, p.
they mature.
mtge. bonds as
.
the
Maturity
Outstanding.
Bonds.—First mortgage bonds of the Detroit Ry. numbered 1 to 600 ma¬
In order of numbers at $50,000 per annum, beginning Dee. 1 1912;
numbers 601 and above mature Dec. 1 1924.
$50,000 have been retired.
Detroit Electric consols for $1,800,000 are reserved
to retire the first
:■
ris Tr. & Sav. Bk.,
&
Bonds.—Of
interest.
ture
•
($1,0001
Date.
,000) ( 1895
5 g J-D
$1,750,000
1913-1924
on
56.34 miles
c»&r\Int. at Cleveland Tr. Co., Trustee.
Detroit Electric con M,
$2,-( 1896
5 g J-D
1,050,000 June 1 1916
800,000, gold ($l,000)c»&rllnt. at Cleve. Tr. Co., Trustee.
As to Deo.
Detroit Ry .1st mtge.g($l
,
252,000 Oct 1 *13 to
($25,000 due yearly)
Oct 1 1919
gold, ($1,000 each)
.Cont.&Comm.Tr.& Sav.Bk.,Chic., trustee.
Des
Moines
Sub
Ry
lstf 1890
6 g J-J
260.000 Jan 1914 to
mortgage,
gold
($1,0001
($20,000 due yearly)
Jan 1921
eaoh)
c* Interest at Chemical Nat. Bank. N. Y. City
L'
Trustee, Iowa Loan & Trust, Des Moines.
Des Moines City Ry
1893
6%
4,000 May 1 1923
Oes Moines City Ry refund'gf 1901
5 g A-O
2,406,000 April 1 1921
mortgage, $3,000,000, gold Int. at Harris, Forbes & Co.,-N. Y.: also Har¬
Moines
Des
York
Bonds.—Of the $25,000,000 first consolidated mortgage bonds authorized.
acquired
1913 the Supreme Court of Iowa, re¬
22
Bank of Montreal.
Stock Exchange.
ORGANIZATION.—A consolidation In 1898 of the Des Moines St. RR
Co. and the Des Moines Suburban Ry. Co.
Is authorized to carry freight
Franchise Decision.—On Mar.
agency,
Detroit United Ry. stock and bonds have been listed on the New
RAILWAY CO—A trolley road.
W.
N.
Outstanding.
Maturity.
$12,500,000 Sep*T3.1M%
14,586,000
Jan
11932
Interest.
Q-M
4}$gJ-J
jlnt. at
IOWA.
practically all the
not previously owned by him of the Des Moines City Ry*Co
and
allied corporation, the Inter-Urban Ry. Co.
V. 92, p. 794.
March
In
Date.
Stock, $12,500,000 ($100)
1st consol mtge. $25,000,000.(1902
gold ($1,000)
DES MOINES,
difficulties with the men, see
Wage Agreement.—For agreement ending
of track.
miles
OFFICERS.—Pres., John E. Potter; V.-Ps. F. Wm. Rudell and J. A.
McOomb.; Sec., (vacant); Treas., J. G. Vilsack, all of Pittsburgh;Supt.,
S. F. Schwerdt, Derry.—V. 82, p. 50.
Detroit &
Port Huron Shore Line Ry.—A trolley road.
Is now owned by the Detroit United Ry.
ORGANIZATION.—Incorporated in May 1900.
Is a consolidation of
Railway Co., the Detroit Mt. Clemens d» Marine City Ry. (the
purchaser of the properties of the Mt. Clemens & Lakeside Traotlon Co. and
the Detroit & River St. Clair Ry.), the Port Huron St. Clair & Marine City
the Rapid
Creek & Clinton River Plank Road Co. and the City
The new company owns the capital stock of
the tracks In Mt. Clem¬
ens and Port
Huron, and the through route from Detroit to Port Huron
running througn Mt. Clemens, New Baltimore, Algonac Marine City and
St. Clair.
Also owns the capital stock of the Detroit & Lake St. Clair Ry.
Ry.,
the Connors
Electric Ry. of Port Huron.
each road.
The consolidated company operates all
STOCK AND BONDS—
Date.
Interest.
Stock, $2,500,000 ($100)
1st mtge, $2,500,000 ($1,000)1
1900
5 g J-J
cannot be called, gold c»Ar (Union Trust Co.,
lint
it American
Bonds.—Of the new 1st mtge., $603,000
Outstanding.
Maturity•
$2,000,000
1,897,000 Jan
Detroit, Trustee.
Exch.
Nat.
Bank
11950
N.
Y
is set aside to retire underlying
liens (namely the bonds of the Rapid Ry. and the Port Huron St. Olair &
Marine City Ry.).
Of the $1,897,000 bonds reported outstanding, $125,000 were on Dec.
31 1912 held in the treasury of the
Rapid
BONDS—
Detroit United.
Railway.
Date.
Interest.
Outstanding.
Maturity.
$300,000.1 1895
5
M-S
$300,000 May 1 1911
_c*/lnt. at Finance Co. of Penna., Phlla1., Trustee
mortgage,! 1896
5 g M-N
$300,000 May 1 1916
$600,000 (gold)
c»JInt. at Finance Co. of Penna., Phlla., Trustee
Of the consol. mortgage bonds of 1896, $300,000 are reserved to taka up
the outstanding first mortgage bonds.
•
•
•
1st
mortgage.
($1.000)
1st
Consolidated
f>0
ELECTRIC
MAP
OF
RAILWAYS
[VOL.
xcvii.
THE
DETROIT UNITED RAILWAY SYSTEM
INCLUDING
Applega
DETROIT & PORT HURON SHORE LINE RY.
(RAPID RAILWAY SYSTEM)
.Croswe)
SANDWICH, WINDSOR & AMHERSTBURG RY.
WINDSOR
THE
&
TECUMSEH
ELECTRIC
n/.
CO.
RY.
DETROIT, MONROE & TOLEDO SHORT LINE RY
DETROIT, JACKSON & CHICAGO RY.
,
.Blaine
Clifford
Atkins
Melvin
Brown
Cy.
Sarnia
pere
PORT
■OvAvoca
jjP^rt
Huron
lit Co.
FostoriaP
\
Pirysville
Mt. Salem
Burnse^
ig
/
Emmett
Goodland
Island
Carlton 1
Wales
IdlewildT
Otter^Kake^
Summerville
Lamb.
Stanley
Ottisville
ST.
Bervilla
-"Attica
•'Memphik
ith's
Lapeer,
•pkin's
Dryden
CLAIRE
The Oakland
Martin
o>
^Col.IronW
v
?r
Road^
Road)
Almonte'
.enox
trunk
Hunter Creek
Flint River Jc.
Metamora
Leprlard
ROMEO
flintF^X
Otterburn
I Washington.
Grand Blanc
/
/Swartz
§
f|
X
rf
pVCrapo
Stony Creek
Creek
Rochester
Farm
^
1
Hamli^^
v
Inglesidk 5
Duffleld
Durand
grand
\o
■\
\
Fenton\
O"
"*
Draytonp,aii^*
Linden
vGaines
Sylvan
\
Lakejig^X^ %
/^OlfluSrove
ighland'
*MilfoM
1
L.ST.
Beach
Creuse
tliimcx
\ \
L/CKkA^
ORCHA^
W
a
i
a
¥rA#P^liirview
\ \,
\
\>0
\Hfosse
CassLtfKIS
,Oak Grove
^
\
Davisburg
Club
I1 ■g(f
Jefferson
jk
-'too
trunk
Pt.
Royal Oak^Aw
wp
/in MIN GTO
XYw
^WALKERVI
ULE
Wixom.
INDSOR
Greenb^
.Fowlerville
\X^-oHaidston^
NORTH VI LLE;
/Essex
Howell"
Center
Brighton 0 " \
ChilsonX.
°Iosco
/
Hamburg Jc.
N
WAYN^^S!^^
.Sheldon^^YA
Pinckney^pV'
*
SANDWICH
P>^
Whitmore Lake
.^HamJtfUjj
\
*
\At
Pettysville^
\
DearbornyJ^vXX
•
Gregory
WYANDOTTE
/
.Dentoi
TRENTONJ
Sloeum's
Jo/*
Gibraltar/
Stockbridge
<t
Belden
:woo(
Willis,
Waltz
Munith
Chelsea
Whittaker
Newport]
Roots
Fredpnia °
Francisco
in
rrassNLi
^orns
JACKSON
Manchester
Ichigan Center
q
Dundee
Britton
Tecumseh
Brooklyn
Woodstocl
ADRIAN
Jerome,
X^.
Blissf ield
\
TOLEDO
SEPT., 1913.
51
ELECTRIC RAILWAYS
j
DUBUQUE, IOWA.
Port Huron St. Clair & Marine City Railway
BONDS—
mortgage, g., $300.0001 1900
5
M-S
$3,000 Mar.
($500 and $1,000)
/Union Trust Co., Detroit. Trustee.
The remaining $297,000 bonds have been canceled.
1st
Detroit &
1 1920
•
1900
5 g A-O
$390,000 Apr. 1 1920
c^llnterest at Union Trust Co.. Detroit, Trustee
by the Detroit
Ry., the Rapid Railway Co. and the Detroit Mt.
They are not subject to call.
Of the $390,000
reported outstanding, $100,000 were held by the Det. Unit. Deo. 31 1912.
Bonds.—The bonds are guaranteed, principal and Interest,
A Port Huron Shore Line
Clemens A Marine City Ry.
ROAD.—Total Det. A Port Huron System,
Ry.—V. 77, p.
34: V
Sandwich Windsor & Amherst berg Ry.—Trolley.
(2)
Interest.
Outstanding.
Maturity.
4 Q-J
$805,000
See text
monthly
807,000
See text
First mortgage $980,000 gold!
1904
5 g M-N
826,000 May 1 1924
($1,000)
c*/lnt. at I.. Tr. A Sav. Bk., Chicago, Trustee-1
Remaining $80,000 bonds reserved for 80% of cost of exten. and impts.;
STOCK AND BONDS—
Common ($100)
Preferred ($100)
ORGANIZATION.—Incorporated under special charter from Province
Owns entire capital stock ($100,000) of the Windsor A TecumEntire stock of Sdw. Winds. A Amh. Is owned by Det. Un.
STOCK AND BONDS—
Date.
but only in event
1907
5 g M-S 2
189,000
Sept 2 1927
($1,000) gu p A l.o* J National Trust Co., Ltd., Toronto, Trustee.
Wind A Teo El $300,0001
g
Bonds.—S. W. A Amh. bonds are subj. to call after Deo.
1 1912 at 105.
Windsor A Tecum, bonds are guar., p. A l„ by Sand. Windsor A Amherstb.
Ry.
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.—Owns and operates 18.7 miles of track on 14 ^ miles of street in
also to Eagle
opened in 1912, and has contract with the city for supplying
Also supplies light and power to East Dubuque, 111.
A
one-mile extension now being built on West Locust St.
Point Park
Short Line Ry.
Detroit Monroe & Toledo
(3)
stock,
1st
$3,000,000
$3,000,000.1
mortgage,
c*J
($1,000)
gold
Bonds.—Interest Is
on
December 11 1902.
Outstanding.
Interest.
No sinking fund and bond»
above
payable in New York.
subject to call.
Of the $2,581,000 reported outstanding
$97,000 were on Deo. 31 1912 in the Detroit United treasury.
not
are
ROAD.—Operates 50 miles of road from Toledo to Detroit and 4 miles of
At Toledo con¬
Lake Shore Electric Ry. for Cleveland.
Is of
steam road construction, on private right of way; standard gauge, laid with
70-lb. T-ralls.
Total track, 76.70 miles.—V. 79, p. 2455; V. 82, p. 392.
road from Monroe to Lake Erie; completed Nov. 5 1904.
nection is made with the
Detroit
(4)
Chicago
&
Jackson
Ry
Detroit
ORGANIZATION.—A holding co. organized in Mich, in 1907 by
Ypsll. Ann Arbor A Jack. Ry , the
Jack. Ann Arbor A Det. Ry. and the Det. Plym. A Northvllle Ry,, paying
therefor $1,230,000.
Entire stock owned by Detroit United Ry.
United interests to take over the Det.
STOCK AND BONDS—
Date..
Outstanding.
Interest.
Maturity.
Stock, $25,000 ($100)...
$25,000
L—
1st cons M, $4,000,000 ($1,000) f 1907
5 g F-A
1,400,000 Feb 1 1937
gold
c»l Int. at Security Trust Co., Detroit. Trustee.
1st cons M Det Y.A.Ar&Jack) 1901
5 g F-A
1,610,000 Feb 1 1926
$2,600,000($500,$l,000)gc*/Int. at Detroit Trust Co., Detroit, Trustee.
Yp. A Ann Ar. 1st M.j 1897
6 g M-N
600,000 Nov. 1 1917
($600,000),
g.
$500 or I nterest at Union Trust Co., Detroit. Trustee
Det.
1899
6 g F-A
830,000 Feb 1 1924
($500 A $l,-)Interest at Union Trust Co.i Detroit, Trustee
$1,000,000 g
000) sinking fund annuallyj
Yp. A Saline 1st M
6
J-J
60.000
July 11919
Of the new Det. Yps. Ann Ar. & Jack. 1st M. of $2 ,600,000, $990,000 are
reserved for underlying liens.
First consols cannot be called.
See V. 75,
,
666.
■
•
are subject to call on any interest
by the Detroit United Rys.; enough
Bonds.—Bonds of Det. Jack. & Chic,
day at 105 and int.
bonds
Guar., p.
reserved to retire bonded debt of the Det. Yps. Ann. Ar. &
Dec. 31
and
operation
In
from
Detroit
An
V. 81, p. 1723;
V. 84,
p.
appeal has been taken.
Strike.—A strike
on
V.
Sept. 9
having won out completely.
lines of the Duluth St. Ry., which began on
1912 was declared off on Nov. 6, the company
1206, 1331.
95, p.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
($100)
Q-J
$3,500,000
Oct'13,1%
Pref.4%cum.$1,500,000($100)
Q-J
1,500,000 Oct'13,1%
Duluth St. Ry. M., $2,500,00011900
"5 g MAN
2.500,000 May 1 1930
gold ($1,000)
at Cent. Trust Co., N
Y.. Trustee.
Dul St Ry gen M $2,500,000,1
1910
5 M-N
812,000
May 1 1930
gold ($1,000) sk-fd__-_.c*jlnt. at Central Tr. Co., N. Y., Trustee.
Common, $3,500,000
Stock.—Both
com.
51, 450.
V. 90. p. 848.
of the Duluth Street Ry.,
and pref. Is listed on N. Y. Stock Exch.
property of the Lakeside St. Ry. and of the Superior Rapid Transit
having first been conveyed to the Duluth St. Ry.
The gen. mtge. bonds are
subj. to call on any int. day at 105 and Int.
Remaining bonds may be
Issued for additions, extensions, Ao.
The are guar., p. A 1., 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 com., 1st div.
—1%—Oct. 1909.
Same amount quar. to and inol. July 1910:
In Oct.
1910, \M%.
Same amount quar. to and incl. April 1913.
In July 1913
reduced to 1% (V. 96, p. 1772); Oct., 1%.
the
miles of track and
ROAD.—The system embraces 82.43
lines in
Duluth and Superior.
125 cars.
,
includes all the
'
REPORT.—For calendar years: (Report for 1912 in V. 96, p. 1224.)
Gross
Net
DepreInt. & Pf. Div.Com. Div.
Balance,
Wayne
(through
and YpsllantI) to Ann Arbor and to Jackson; making mileage 100 miles, of
which 40 miles over private right of way.
Total track, 108.05 miles.
Ralls 70 and 75-lb. T and girder.
Does a freight business.—V. 79, p. 269;
Comm. ordered
Dulpth St. Ry. 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.
1912 in the Detroit United treasury.
ROAD.—Completed
1908.
Reduced Rates Ordered.—In Nov. 1912 the Wisconsin RR.
the
Jack.
Of the amount reported outstanding, $520,000 were
V. 85, p. 345.
Ry.
on
are
in
Bonds.—The mtge. of 1900 covers all the mileage
$1,000 each)
J
Det Yps A Ann Ar cons 1st Ml
p.
ORGANIZATION.—Incorporated in Connecticut in 1897.
Owns entire
Ry., the Lakeside Street Ry. and the Super¬
Rapid Transit.
The corporate existence of the Duluth Street Ry.
is maintained, but all of its stock ($2,000 000 authorized, $1,800,000 out¬
standing)
is held by the Duluth-Superior Traction.
This latter company
has no bonded debt.
The Duluth Street Ry. was organized under Act
of Minnesota approved Nov. 17 1881 and possesses "an exclusive franchise"
which runs until 1931.
See decision with regard to franchises in Superior
in V. 80, p. 1911.
The Duluth-Superior Bridge between Duluth, Minn., and
Superior, Wis., is used by the railway but Is a separate corporation, and has
issued first mortgage bonds for $650,000 and second mortgage bonds for
$300,000—see bridge items.
V. 63, p. 310, 504.
In 1903 entered into
contract with the Great Northern Power Co. to supply sufficient power to
operate the street railways in both cities.
The delivery of power was begun
ior
Maturity
$2,581,000
1903
5 g J-J
2.581.000 Jan. 1 1933
Union Trust Co., Detroit. Trustee.
Date.
DULUTH, MINN.
DULUTH—SUPERIOR TRACTION.—Trolley.
itock of the Duluth Street
Unit. Ry. V. 82. p. 392.
ORGANIZATION.—Incorporated In Michigan
STOCKS AND BONDS—
Sec. and
Mgr., E. M,
V.-P., D. D. Myers;
OFFICERS.—Pres., F. D. Stout. Chicago;
Treas., J. R. Lindsay, Railway Exchange, Chicago; Gen.
Walker.—V. 71, p. 2643; V. 84, p. 1553; V. 86, p. 983.
ROAD.—Operates 38.28 miles of track in and between Windsor, Walkerville, Sandwloh and Amherstburg, including City Ry. of Windsor
2.52
miles), operated under lease.—V. 75, p. 1303, 1400.
In Feb., '06 entire stock was acquired by Det.
net, after taxes,
In 1911, gross, $414,996; net, after taxes, $143,065.
EARNINGS.—For calendar year 1912, gross, $442,948;
$174,291.
electric lights.
c*/Natlonal Trust Co., Ltd., Toronto, Trustee.
gold ($1,000)
of increase of stock, and then to only 2-3 of such increase;
earlier than 2 years from date of bonds.
Bonds
Dubuque, West Dubuque and to Union and Nutwood parks,
Deo. 1,1922
490,000
J-D
1902
Date.
cum
quarterly since.
Maturity.
Outstanding.
$297,000
Interest.
'
•
6%
subj. to call at 105 and int.
Sinking fund of $15,000 per annum began
April 30 1908.
$74,000 have been retired.
'
Dividends.—Monthly divs. of
on pref. have been paid since July
1907.
On com., first div., 1%, paid July 1911; same rate has been paid
of Ontario.
«eh Electric Ry.
stock, $350,000 ($100)-_Consol Mtge.,£$600.0001
consolidation of
Star Electric Co.,
but in no case to be made
132.24 miles.
EARNINGS.—Now included In report of Detroit United
84, p. 338.
as a
properties of the
city of Dubuque, Iowa.
Franchises mature 1927.
On the one-mile exten¬
sion on West Locust Street, franchise is for 25 years from 1913.
Maturity
Outstanding.
Interest.
IOWA.—'Trolley.
which constitute the entire electric light and street railway
1st mortgage, $400,000. goldl
$1,000)
IN
ORGANIZATION.—Incorporated in Iowa In 1900
the Home Electric Co., the Dubuque Street,Ry. and the
Lake; St. Clair Ry. Co.
Date.
BONDS—
ELECTRIC CO.
UNION
Maturity
Outstanding.
Interest.
Date.
Year—
Earns.
Earns,
cia'n.
Taxes.
(4%)
(5%)
Surplus.
1912..$1,083,259 $453,072 $70,114 $219,296 $60,000 $175,000 def.$71,338
1911
1,135,300
527,164
58,288
208;161
60,000
175,000
25,715
In 1912 carried 21,132,003 revenue and 3,716,619 transfer passengers,
—
against 22,186,930 revenue and 3,787,791 transfer in 1911.
OFFICERS.—Pres.. C. G. Goodrich; V.-P., A. E. Ames; V.-P. and Gen.
Mgr., Herbert Warren; Seo. A Treas., S. L. Reichert; Asst. Sec., Edmund
Zacher.—V. 92, p. 186, 876; V. 93, p. 666; V. 94, p. 345; V. 95, p. 1206,
1331, 1472; Yt 96, p. 716, 1224, 1700. 1772.
DOYLESTOWN, PA.
,
PHILADELPHIA & EASTON ELECTRIC RY. CO.—A trolley road.
Receivership.—On April 5 1912 Judge Ryan in Bucks County Court ap¬
pointed A. H. Slckler (Pres. of Co.) and Godfrey Schmldheiser of Phila.
receivers.
V. 94, p. 699, 1057.
Plans of reorganization are in progress.
A
EAST LIVERPOOL,
ORGANIZATION.—Organized In 1907 as successor to the Philadelphia
Easton Ry. (formerly the Doylestown A Easton Street Ry.), sola at
trustee's
sale May
STOCK AND
Common
31
1907.
BONDS—
$265,000
Interest.
Date.
($50)
Outstanding.
*
$258,800
Maturity.
$365,000 5% non-cum__
354,800
1st mtge $1,000,000 ($1,000,1
1907
5 g M-S
911,000 Sept 1 1927
$500 and $100) gold
c*jlnterest at Glrard Trust Co., Phila., Trustee.
-STOCK.—Preferred
Bonds.—The
new
Interest
shares
have no
voting power.
$1,000,000 bonds are not subject to call and no sinking
was
4% to Sept. 1 1911; is now 5%.
EARNINGS.—For year end. June 30 1913, gross, $107,045; net,
ROAD.—Operates 31
Operates 8 cars.
miles of
road
$24,474.
between Doylestown and
Easton.
'
OFFICERS.—rPres., A. H. Slckler, Phila.; V.-P., AmOs Johnson, Seo.,
Doylestovrn; Treas., H. G. Rush, Lanoaster.—V. 85, p. 470;
1057.
'
.
DU
BOIS, PA.
ORGANIZATION.—Incorporated
the
American
Town
Light Co.
In
New Jersey on Nov. lb 1901 as
and name changed
Electric Co
and the Du
later as above.
Is a
Bols Traction Co.
V.
76, p. 972.
Franchises for both street railway and electric-lighting are per¬
petual
exclusive.
and
The United
Traction
St.
Ry.
(which is
a
consolidation in 1908 of the
United Trac. St. Ry. and United Trac. Exten. St. RR.), with$200,000 of
5% bonds and $200,000 stock, which operates a line 14 miles from DuBois
to Sykesville and Big Run, is controlled and owned by same interests that
control the DuBois Elec. & Trac. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $300,000 ($100)
$300,000
tr.
mtge.
$300,0001 1902
5 g M-N
297,000
May 1 1932
($500),
gold
c*/lnt. at Knickerbocker Tr. Co., N. Y. Trust.
Bonds.—No a. f., but subject to call at any time at 105
and int.
EARNINGS.—For year ending June 30 1912 (lncl. United Trao. St. Ry.),
$89,099; net, $27,438; charges and taxes, $15,482; surplus, $11,956.
ROAD.—Operates 19 miles (Including United Trao. St. Ry.) In DuBois,
and extensions to Fail Creek, Sykesville and to Big Run, where connection
s made with tracks of the Jefferson Traction Co.
Standard gauge; 60 and
70-lb. girder and T rail.
,
OFFICERS—Pres., Austin Blakeslee; V.-P., Walter
Treas., M. I. McCreight, all of Du Bois.—V. 89, p. 1667.
Day of the
Trust Co.,
The receivers will operate the properties of the East Liver¬
pool Trac. & Lfc. Co. and the Steubenville & East Liverpool Ry. & Lt. Co.
The receivership will not, it is stated, affect the operation of the electric
light and railway companies in Pa. and W, Va., controlled through stock
ownership.
(See V. 93, p. 165.)
It is understood
that a plan is being
prepared by bondholders and creditors for a friendly reorganization.
V. 9 6,
p.
864.
■
,
ORGANIZATION.—Incorporated in Ohio.
Is a consolidation oj the
following companies (V.
Beaver County (Pa.) Light
Midland (Pa.) El. Lt. A Power Co.
93,^). 165):
Steubenv.
Leases
Steubenv. Wellsburg A Weirton Ry.
Co.
A Wellsburg Traction Co.
(Ohio).
(W. Va.).
Wellsb. El. Lt.,Ht.AP.Co.(W. Va.).
.
for 999 years
the East Liverpool Traction
A Light Co. and the
Steubenville A East Liverpool Ry. A Lt. Co. (Ohio), and controls
River Passenger Ry. Co. through lease to Steubenville Wellsb. A
the Ohio
Weirton
The leases of the Steubenville & East Liverpool Ry. A
Lt. Co. and the Ohio Riv. Pass. Ry. may be terminated on conditions ex¬
pressed in leases.
The earnings of the leased companies, after paying all
fixed charges, are distributable on stook of Tri-State Ry. A Eleo. Co., on
an agreed basis, prior to distribution on stocks of leased companies.
The
combined companies own and operate electric railways, electric lighting and
power plants along the Ohio River in Ohio, Penna. and West Va., and the
railway suspension bridge between East Liverpool and Chester, W. Va.,
and control, through stock ownership, the railway bridge between Steuben¬
ville and Middle Ferry, W. Va.
Territory served extends from Wellsburg,
W. Va., up the Ohio River to Rochester and Beaver, Pa., a distance of 60
miles.
At Rochester connects with electric railway serving that territory
and at Wellsburg with line
_
HatteiT:
Sec. A
running to Wheeling and other West Va. points.
Franchises range from 25 years to perpetual.
In July 1911 Municipal A General Securities
a
Co., Ltd., London, offered
of 20% com.
Pref. stock was sold at $90 per $100 share.
block of 1st M. and coll. trust bonds at 95%, with a bonus
stock.
Coll.
gross,
4
,
Ry. for 90 years.
DU BOIS ELECTRIC & TRACTION CO.—A trolley road and electric
•Hghtlng plant.
consolidation of the Du Bois
OHIO.
ELECTRIC CO.
Receivership.—On Mch. 18 1913 R. G. Richards of Steubenville and W. R.
W. S. Chambers.
Y. 94, p. 699,
RAILWAY &
W. Griffin or East Liverpool were appointed receivers by Judge
Federal Court in Cleveland, on application made by the Bankers'
mtge. trustee.
Pref
fund.
TRI-STATE
V. 93, p. 165.
STOCK AND BONDS.
Date.
Common $2,000,000
Pref $1,000,000 ($100)
Interest.
Outstanding.
Maturity
$2,000,000
575,800
668,000
Apr 1 1950
Tr.Co.,N.Y.,trust.,or Lond.
$1,500,000
—
from Jan. 1,1913.
6%
First and coll trust mtge $2,-1
1911
6 A-0
500,000 gold sinking fund./Int. at Bankers
Underlying bonds (about)
„
Stock.—Pref. stock divs. are cum.
Bonds.—Of the unissued 1st A coll. tr. bonds, $332,000 are for corporate
purposes and $1,500,000 for impts., extensions, Ac., under certain restric¬
tions.
Subject to call on or after April 1 1916 at 105 and int. on 60 days'
notice.
Sink, fund of 1% per annum of bonds out, begins Deo. 1 1915.
Bonds are listed
on
London Stock Exchange.
V. 94, p. 69.
52
ELECTRIC
ROAD.—Combined
gauge
properties consist of about 115 miles of standard
69; V. 96, p. 864.
East
(1)
Liverpool Traction &
Light.
Lease.—Is leased to Tri-State Ry. & Elec. Co. for 999 years.
V. 93, p.
163.
As to operation by receiver, see above and V. 96, p. 864.
ORGANIZATION.—Incorporated in Ohio on Sept. 30 1905 and is a con¬
solidation of the following companies (see V. 81, p. 1791):
Ceramic City Light Co.
Chester Light & Power Co.
East
Glasgow RR.
Island Run Coal Co.
Liverpool Ry.
Electric Light
also except $238,000 East St. Louis Light & Power Co. bonds.
East St. Louis
& Suburban Ry. Co
East St.
Ry. Co
Louis
St. Louis
& East St. Louis El.
St. Louis
&
Belleville
East St. Louis Light
STOCK AND BONDS—
Date.
Interest,
Outstanding.
Maturity.
Common, $2,500,000 ($100)
$2,500,000
Pref., 5 %n.c., $500,000 ($100)
500,000
1st mort
5 g M-N
$3,000,000. gold! 1905
2,850,000 Nov. 1 1925
($1,000)
c/Int. at Union Trust Co.. Plttsb., Trustee.
East Liverpool Ry.lst mtge._
5%
150,000 June 1 1917
Bonds.—Of the $3,000,000 1st mtge. of 1905, $150,000 are reserved to
retire like amount of East Liverpool Ry. bonds.
Are subject to call on any
—
Interest date at 105.
ROAD.—Owns
and operates
35.85 miles of track in and between East
gauge, 73-lb. girder and T rail.
At
East Liverpool Ry, & Lt. Co.
and at East Liverpool with the Ohio River Pass. Ry.
By traffic agree¬
ments with these two companies operates a through line between Steuben¬
ville, O., and Beaver, Pa.
55 cars.
OFFICERS.—Pres. & Treas., Edward McDonnell, East Liverpool; V.-P.,
C. A. Smith, Chester, W. Va ; Seo., Geo. H. Faulk; Gen. Mgr., W. R. W.
Griffin.—V. 81, p. 1791; V. 82, p. 804; V. 90, p. 1490; V. 93, p. 163.
Standard
Wellsville connects with the Steubenville &
(2) Steubenville & East Liverpool Railway & Light Co.
Lease.—Is leased for 999 years to Tri-State Ry. & Elec. Co.
operation by receiver,
As to
see
above and V. 96,
p.
V. 93, p.165.
864.
ORGANIZATION.—Incorporated in Ohio April 1906 as successor to
the Steubenville Traction
& Light Co., which In Jan. 1901 had taken over
Co. and the Steubenville Traction Co.
Steubenville Gas & Electric
the Pleasant Heights line.
the
Owns
way
expire
franchises
1925
to
Light franchises perpetual; street rail
1928.
Bonds listed on the Philadelphia
Stock Exchange.
-
STOCK AND BONDS—
Date.
($100)
Stock, $3,000,000
First
mortgage,
Interest.
_
______
Outstanding.
$3,000,000
Maturity.
$3,000,000/ 1907
5 J-J
2,210,000 Jan. 1 1927
($1,000), gold
c\Int. at Commercial Trust Co., Phil., Trustee.
Steuben Tract & Lt 1st mtge J
5 g M-N
790,000 May 11926
$1,000,000 ($1,000), g__c*fInt. at Metropolitan Trust Co.. N.Y., Trus.
Bonds.—Of the
new
$3,000,000 bonds, $790,000 are reserved to
retire
prior liens.
Cannot be called.
Steubenv. Trac. & Light bonds are guaran¬
principal and interest, by American Gas Co.
teed,
ROAD.—Owns and operates 41.04 miles of track in and between Steuben¬
ville and Toronto, thence to Wellsville.
cars.
85-lb. rail.
17 closed and 14 open
Also electrio-light and gas plants and pleasure park of 85 acres.
OFFICERS.—Pres.
.
& Treas.,
Edw.
McDonnell;
Sec., Geo.
H.
River
(3) Ohio
Lease— Is
99
Passenger
Date.
leased
to
the Steaubenville Wellsv.
&
Weirton
Ry.
Co. for
years.
ORGANIZATION.—Incorporated
STOCK AND BONDS.
Stock $1,000,000 ($50)
First mtge $1,000,000
in
Date.
Pennsylvania.
Interest.
__
gold___
1907
ROAD.—Connects Rochester and
5 J-J
Outstanding.
$1,000,000
Maturity.
_____
1,000,000 Jan -1 1957
Beaver, Pa., and East Liverpool, O.
22.48 miles.
Length of line,
OFFICERS.—Pres. and Treas., Edw. McDonnell;
Sec., A. Bacon;
Gen.
Mgr., W. R. W. Griffin, all of East Liverpool.
Collateral trust mortgage
000,000 gold ($1,000)
G
& St Louis
$8,- f 1902
c*ilnterest
BONDS—
Date.
Tr
Interest.
Outstanding.
($50) _'
Maturity.
—
East
St
& Pow 1st Ml
1910
5 J-D
238,000 June 1 1940
&I ($1.000) __C/Int. at Mercantile Tr. Co., St. Louis, trustee.
Bonds.—Coll. trust bonds are redeemable on any int. day at 105 and
int. on 4 weeks' notice.
See V. 76, p. 382.
Of the $500,000 Alton Ry.,
Gas & El. Co. bonds, $250,000 are reserved for prior liens. Of the Alt. Gran.
& St. L. Trac. 1st consols, $500,000 are reserved to take up
prior bonds.
The remaining
$124,000 bonds are for extensions and Inptovements.
They are also a lien on the property of the Alton Gas & Electric Co., which
was owned by the Alton Granite & St. L. Trao.
Co., when the mort. was
made.
No sinking funds, but bonds are subjeot to call on any Interest date
at 110 and interest 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 issue
able only for 80% of the cost of add'ns and imp'ts, and then
only when net
earns, are at least 1H times int.
charge on bonds out as well as those to be iss.
Dividends.—5% per annum has been paid quarterly on preferred sine©
its issue May 1 1906 up to and including Aug. 1 1913.
REPORT (of operating companies).—For year ending June 30 1913.
gross, $2,565,154;
net, after taxes, $1,138,063;
int., $584,432; pref. div,
$350,000; bal., $203,631.
In 1912, gross, $2,336,283; net, after taxes,
$1,037,692; int., $563,410; pref. div., $350,000; bal., $124,282.
ROAD.—Operates 187.5 miles of single track (of which 4.8 oper. under
trackage agreement).
Has 153 passenger cars, 810 coal cars, 2 electric
g.
and
L
Lt
guar p
2
locomotives.
steam
OFFICERS.—Pres., C. M. Clark;
V.-P., E. W. Clark; 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
St.
East
Louis.—V.
Bonds.—A sink, fund of 10% of net earns, is now oper. on Northampton
but bonds cannot be called. Northamp.-East.& Wash.
Trac.1st M. bonds,
are callable, In whole or In part, on or after May 1 1915 until
until 1935 at 107
thereafter until maturity at 105
Mtge. is closed.. Sink. fd. 1 % annually of average amount of all
bonds out from 1915 to 1925; 1H% to 1940 and 2% thereafter.
Bonds
are unconditionally guar., p. & i., by Northam. Tr. Co. (V. 92, p. 726).
EARNINGS.—For year ending June 30 1913, gross, $186,198; net, after
taxes, $75,484.
ROAD.—Operates 25 miles of track from Easton to Tatamy and from
Tatamy to Nazareth and Bangor, chiefly onprivate right-of-way, and 17
miles of track from Phillipsburg, N. J., to Washington, N. J.
Total, 42
miles of track operated.
Standard gauge; 65, 70 and 80-lb. steel rail. \
Trac. bonds
1925 at 110; thereafter
and int.
OFFICERS.—Pres.. David King;
W. O. Hay.—V. 92. p. 726;
V. 94,
p.
Treas., Wm. L. Doyle;
1384.
Gen. Mgr.,
EAST ST.
ST.
EAU
LOUIS & SUBURBAN CO.—Trolley. OSes Man
on page
53.)
Co., the St. L. & East St. L. Elec. Ry.Co.
and the East St. Louis & Suburban Ry. Co.;
all the stock of the Alton
Granite & St. L. Tr. Co., the Alton Gafc & El. Co., the East St. L. Lt. & P.
Co.; also all the bonds of St- L. & Belleville El. Ry.Co. These cos.own and
operate all electric railway lines in East St. Louis and Alton and inter urban
lines to Belleville, Edwardsville, Collinsville, Oaseyville, O'Fallon, Lebanon.
Brooklyn, Venice, Madison, Granite City and Alton, and the only electric
line across the Eads Bridge—the latter under a 50-year exclusive contract
from
1902 to operate cars over this bridge.
Through arrangement with
Illinois Traction Co. the interurban cars from Alton are run into their
terminal in St. Louis.
The East St. Louis Light & Power Company
lighting and power business in East St. Louis and has a
city for municipal lighting until 1920.
Alton Gas & Eleo.'
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, Edwardsville, 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 rail¬
way, electric-light and power franchises expire in
1948; the Alton gas
franchise is perpetual; Granite City and Madison franchises expire in 1925;
Venice franchise in 1920, Brooklyn franchise in 1921.
The interurban line
to Alton, outside of city limits, is entirely on private right of way.
County
does entire electric
contract with the
does entire electric light,
lectrlo light
Sanchises
covering
remaining
suburban
linesLouis
expire
from2008.
1919 to 1948.
and power
franchise
in East St.
expires
Both stock and bonds of the East St. Louis
listed
on
& Suburban Go. have been
the Philadelphia, Louisville, Columbus and St. Louis stock exch.
Of the stocks and bonds owned, the following have been deposited with
the St. Louis Union Trust Co. as collateral for the East St
Louis & Sub¬
urban Go. oollatera
trust bonds.
p.
812.
1089: V.
VALLEY
CLAIRE, WIS.
RAILWAY,
LIGHT
&
POWER
CO.
^ORGANIZATION.—Incorporated in 1898 under the laws of Wisconsin.
Owns the Chippewa Valley Elec. RR., in which the Eau Claire Light <fe
Power Co. has been merged.
Company has surrendered its Eau Claire
lighting franchise and operates uhder indeterminate permit as to lighting.
Still holds railway franchise.
On Jan. 1 1911 acquired the Chippewa Falls Water-Works & Ltg. Co. and
on July 1 1911 purchased the Menominee El. Lt. & Pow.
(V. 92, p. 186).
In Nov. 1912 purchased the Spring Valley Light & Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $1,500,000 ($100)
$1,100,000 July '13,2%
Pref, 7% cum, $500,000($100) ____
7 Q-M
150,000 Sept.'13,l^
First
mortgage,
$2,000,0001 1907
5 J-J
1,455,000 July 1 1924
($1,000) gold—;
c*]Int. at Harris Tr. & Sav. Bk., Chicago, Trus.
cost
of
the
$2,000,000 bonds, $200,000 may be Issued
new
extension
to
Menomlnle;
remainder can
for
75%
of
be Issued for 75%
permanent extensions, additions and improvements, provided
for preceding year have been twice annual Interest charges,
on bonds to be Issued.
Are subject to call on and after
1913 at 105 and Interest, $750 prior liens remain outstanding, but
sufficient proceeds have been set aside from sale of outstanding bonds to
retire these, we omit them from the statement.
Sinking fund begins 1913,
July 1
as
V. 85. p. 1461.
Dividends.—Dividends of 1H% each ar
mid on pref. quarterly.
On
hrst div.—2%—paid Sept. 1909.
II
1910, May, 6^%.
In 1911,
Jan., 5%.
In 1912, Jan., 7%; May. 2%;
ly. 2%; Oct., 2%.
In 1913,
Jan., 2%; April, 2%; July, 2%.
EARNINGS.—For year ending Mar. 31 1913, gross, $405,326; net, after
taxes, $212,125; int. on bonds, $69,512; surplus, $142,823.
^
ROAD.—Operates 22 H miles of road In Eau Claire and Chippewa Falls,
Including an interurban line between them.
Owns all the water powers
on Red Cedar River and does all electric lighting and power business In
Eau Claire, Chippewa Falls, Menominee, Elk Mound and Altoona; also
furnishes current over 40-mile transmission line to Redwing Gas & Electric
Co., which serves Redwing, Lake City and Wabasha, Minn.
OFFICERS.—Pres., O. H. Ingram; V.-P., John S. Owen; Sec. and Gen.
Mgr., Geo. B. Wheeler; Treas., B. A. Bufflngton; Asst. Mgr. A. E. Pierce
Jr.—V. 85. p. 1209, 1461; V. 90. p. 697; V. 91, p. 1327; V. 92, p. 186, 321.
.
.
ELMIRA
ELMIRA
WATER,
LIGHT
&
*
NY
RAILROAD CO.—Controlled by the
United Gas & Elec. Co.—See United Gas & Elec. Corporation under N. Y.
ORGANIZATION.—Incorpi in New York May 26 1900
as a
consolida¬
tion of all the water, lighting, power and street railway properties in Elmlra.
Owns entire capital stock of Elmlra & Seneca Lake Trac. Co. (also all bonds
this
Glen Park Assn., West Side RR. and majority of
The latter two cos. are operated under 999In April 1913 it was stated.that all franchises had at least 72
years to rim, while some of them were peimetual.
In Feb. 1910 was author¬
ized to acquire all stock of the Montour Falls Elec. Light Co.
In May 1913 issued $500,000 debenture notes for the payment of under¬
year
ORGANIZAATION.—Inc. in N.J, in Sept.1901 and in Apr. *06 absorbed
Go.
1170' V. 87.
co.);
Rorick's
stock of West Water St. RR.
LOUIS, ILL.
the Alton Granite & St. L. Co. It owns all the stock except directors' shares
and all bonds of East St. Louis Ry.
969.
.
of
'
EAST
83,_p. 271, 687,
90, p. 54; V. 91, p. 397; V. 92, p. 1032. 1242; V. 94, p. 1311; V. 96, p. 417;
V. 97, p. 238.
• ■
'
■
com.,
$500,000
M
1st
5 g A-0
8,000,000 April 1 1932
at St. Louis Union Tr. Co., Trustee.
E. W. Clark & Co., Philadelphia.
including Interest
$400,000] 1903
5 g J-J
394,000
Jan 1 1933
gold
^
—c*j Int. at Northampton Tr. Co. (Easton), Trus.
Northam Trac ref & Cons M__ _;
5%
300,000 Jan
11942
N-E &Wash 1st M $5,000,000] 1910
5
544,000 May 1 1950
g ($100, $500, $1,000) s fc'JBankers'
Trust Co., New York, Trustee.
Northam
at
or
Trac Co
lstl 1904
5 g F-A
2,376,000 Aug. 1 1944
gold)Int. at Illinois State Tr. Co., East St. Louis,
c»J
Trustee, or at National City Bank, N. Y.
Alton Ry & Ilium first
mtge/ 1895
5 g A-0 250,000 Oct. 1 1915
$250,000 gold ($1,000) __c*Unterest at Manhattan Trust., N. Y., Trustee.
Alton Ry Gas & Electric Co]
1899
5 g A-O
250,000 Oct. 1 1939
mortgage $500,000 ($1,000) )Int. at Trust Co. of America, N. Y., Trustee.
gold—
c*J
No sinking fund; bonds cannot be called.
net earnings
ORGANIZATION.—Incorp. in Penn. Oct. 3 1902 as a consolidation of
the Easton & Nazareth Ry. and Easton Tatamy & Bangor Street Ry.
Owns practically all the stock ($1,250,000) of the Northampton Easton &c
Washington Traction-Co.
Franchises perpetual.
AND
„
M, $3,000,000
($1,000)
Bonds.—Ot
STOCK
Outstanding.
Maturity.
$7,000,000
7,000.000 Aug.'13,1 J*
consol
oost of other
NORTHAMPTON TRACTION CO.
Interest.
Q-F
I
A
of
EASTON, PA.
Stock $500,000
"
J
—
rCHlPPEWA
Ry.
$6,862,500
Power.—Early in 1913 made contract with Mississippi River Power Co.
Faulk;
Gen. Mgr., W. R. W. Griffin.—V. 93, p. 165.
$6,883,000
supply of hydro-electric power from Keokuk for street railway, light
and power purposes.
:
,
The capitalization of the East St. Louis 6t Suburban Co. is as follows:
__
,
Stock.
$3,824,300
1,805,500
499,500
for
cum
Eastern Ohio RR.
Bonds.
$3,834,000
1,799,000
500,000
750,000
733,200
Common $7,000,000 ($100)
Pref $7,000,000
($100)
5%I
Co.
The Rock Springs Park.
Liverpool and Wellsville.
Ry. Co_
El
Ry Co
& Power Co..
STOCK AND BONDS—
United Power Co.
Springs Wellsville
Ry.
_
xcvii.
of bonds and all stock except that of St. Louis & Belleville Elec. Ry., 250
& Suburban Ry. and shares necessary to qualify
directors;
People's Light & Power Co.
East Liverpool Bridge Co.
East
Liverpool
&
Rock
Street
[Vol.
shares of East St. Louis
single track.
OFFICERS.—Pres., J. H. Pardee, New York; V.-P., Edward McDon¬
nell, East Liverpool; Treas., R. B. Marchant, New York; Sec., T. W.
Moffatt, New York; Gen. Mgr., W. R. W. Griffin.—V. 93, p. 165; V. 94,
p.
RAILWAYS
The figures given cover the entire Issues
leases.
lying bonds and unfunded debt.
STOCK AND BONDS.—
Common $1,000,000 ($100)
Pref 5% cum $1,000,000____.
Interest.
Date.
'
5 M-S
Outstanding.
Maturity
$1,000,000 Sept'13,1%
683,000 Sept'13, 2 H
5 g A-0
West Side RR gold first mtge
1894
355,000 Oct. 1 1914
($1,000) (closed M)
oj Int.at Chemung Canal Tr. Co., Elmira, Trus.
Chemung Co Gas Co 1st M,
6%
(closed M)
307,000 July 1 1923
5 g J-J
Elmlra W, L &
RR 1st Ml 1900
1,661,000 Jan. 1 1949
gold
($1,000
&
$500) Int. at U. S. Mtg. & Tr. Co., N. Y., Trustee.
(closed M)
c*
Subjeot to call at 105 and Interest.
1906
5 gM-S
Elmira Wat, Lt & RR 1st con
2,367,000 Sept 1 1956
M $5,000,000($1,000) g.c* Interest at New York Trust Co., Trustee.
Deb notes
1913
6 M-N
$1,250,000 gold
602,000 May 1 1914
...
($1,000, $10,000
_
&$50,000)/Int. at New York Trust Co.,
Trustee.
Bonds.—Of Elmira W., Lt. & RR. 1st cons. M. of 1906, $2,016,000 are re¬
served for prior liens and $617,000 for ext., imp.. &c.
V. 83, p. 893; V. 86,
p. 720.
Remaining deb. notes will be issued to pay underlying bonds
and for new construction and improvements.
During the life of the notes
no add'l 1st cons, bonds are to be issued and no new mtge. created without
providing for notes.
Dividends.—On pref., 2}$ % paid semi-ann. from Sept. 1907 to and incl.
Sept. 1913.
On com., 1st div.—1%—paid Oct. 1910.
In 1911, 4%.
In
1912, Jan., 1%; April, 1%; June, 1%; Sept,, 1%; Dec., 1%.
In 1913,
Mar., 1%; June, 1%; Sept., 1%.
'
ROAD.—Comprises 45 miles of single track n Elmira and connecting the
suburban towns of Elmira Heights, Southport and Horseheads.from Horseheads to Watkins, via Millport and Montours Falls, to Seneca Lake.
cars.
75 and 90-lb. girder rails.
Owns Rorick Glen Park.
95
Sept.
53
ELECTRIC RAILWAYS
1913.]
MAP OF THE
EAST ST. LOUIS
DeHii
Brighton
j
SUBURBAN COMPANY
Mileage on Single Track
Basis 181 Miles,
Woods
Godfrey
Mora
Worden
Upper Alton
A&ONffip pj2 2,000
Manix
SUBSTATION
£ DWA RDSVI LLE
Fruit
COLUMBIA
BOTTOMS
MITCHELL
SUBSTATION
NAM EOKI
w
M ARYVI LLE
/cabaretm
island)'
Pop. 80
ndaliA
RANI^PKfey
n$uB-a
STATION
Ml
Ipil
I
f
wMkm 1
C/ioolho
A^/S
COLLI NSVI LLE
VOUNTY LIJYE
Pop. 7,500
—tw^SUB-STATION
C ASEYVILLE
Spring y^ake
T ST. LOUIS
-EBANON
^Pop.50,000
opp&5O0
CJftH&L/SE
O' FALLON"
gpp.rgPQOO
DGEMON
,WEY
SUBSTATION/
W-STATION^K.
Shiloh
orest/Lawn
East Cafrondelet
southern
LLE VI LLE
®entra
Bluff Lake
P^p.
ZCLOOO
:outah
[
54
ELECTRIC RAILWAYS
REPORT.—Earnings for
ending June 30 1913, gross, $980,666; net,
$411,978; int., $244,803; surplus, $167,175.
OFFICERS.—Pres., Ray Tompkins; V.-P., S. J. Dill; Sec. and Treas.,
C. A. Kolstad; Gen.
Mgr., H. M. Beardsley; Asst. Sec., Henry Morgan,
40 Wall St., N. Y.—V.
87, p. 778; V. 92, p. 397; V. 95, p. 176; V. 96,p. 1156;
V. 97, p. 802.
year
STOCK AND BONDS—
Stock $150,000 ($100)
(2)
$2,000,000
MICH.
ROAD.—Operates 25
92, p.
FAIRMONT, W. VA.
Is a con¬
solidation of Fairmont & Clarksburg Trac.
Co., Fairmont & Northern
Trac. Co. and Clarksburg & Weston Elec.
Ry.
Owns and controls entire
street railway business In Fairmont &
Clarksburg Unci, entire electric-light
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 cRles 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 Marlon and
Harrison counties
are perpetual.
On Feb. 1 1911 the Fairmont &
Clarksburg Trac. took over the Fairmont
& Mannlngton 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.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $5,000,000
$5,000,000 J'ly *13 1
Pref 5% (cum) $2,500,000
F-A
1564.
,
-
EUREKA, CAL.
HUMBOLDT TRANSITCO.
First
Bonds
in California July 31 1903.
5 g A-O
Outstanding.
Maturity.
$500,000
198,000 Oct
1
1934
c&r/Union Trust Co. of San Fran., Trustee.
are not
subj. to call. A sk. fd. of 2% of bonds out
began Oct. 1910.
EARNINGS.—For cal. year 1912, gross,
$86,455; in 1911, gross, $81,564.
ROAD.—Comprises 13 miles of track in city of Eureka. 45-60-lb. T
rails.
OFFICERS.—Pres., Wm. Butterworth; V.-P/, O. P. Pomeroy; Sec. and
Treas., Horace R. Hudson; Mgr., F. C.
Moryson.
EVANSVILLE, IND.
EVANSVILLE RAILWAYS CO.
ORGANIZATION.—Incorporated
in Indiana In August 1907 to control
the Evansville & Eastern Electrlo
Ry., the Evansville & Mt. Vernon Electrlo
Ry. and the Evansville Terminal Ry.
On May .19 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 Ry. was
lncorp.
in Indiana (com. stock auth. and
out., $50,000—all owned by Evansv.
Rys.; pref., $250,000 auth., $150,000 out.) to build a line from
Evansville
to Henderson and
ultimately to Owensboro.
New company has leased
6)4 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 Aug. 1913 applied to the Indiana P. U.
Comm. to sell or hypothecate
(a) $273,000 5-year 6% notes at not less than
75%, and (b) common stock
not to exceed 50 % of the notes at not
less than $20 a share, to
pay a floating
debt Of $204,732, &C.
V. 97, p. 594.
•
,
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common, $2,000,000 ($100)
,
$1,164,500
Pref., $500,000. 6% cum.
J-.T
'
354.900
Mortgage bonds, $5,000,000. f 1913
5%
See text.
1953
[Pittsburgh Trust Co., Pittsburgh, Trustee.
Notes
1913
6%.
'
See text.
691,500
April 1 1918
April 1 1936
gage, $750,000, gold ($500)Int. at American Trust & Sav.
Co., Evansand
$1,000)(closedmtge)c*J
ville, or Pittsburgh Tr. Co., Pittsb., Trus.
Evans & MtV Elec Ry 1st
M.j 1905
5 g A-O
350.000 Oct
11925
$350,000, gold ($1,000)_c*I Int. at Amer. Tr. 4> Sav. Co.. Evansv.
Trus.
Evansv. Term. Ry. 1st mtge) 1908
5 J-J
300,000
Jan 1 1939
$300,000 gold ($1,000)
cllnt. at Am. Tr. & Sav. Co.,
Evansville, trust.
Evans & E Elec Ry lstmort-1
gu. p.&l.bv Evans.
Rys.Coj
1906
and
Ills.
6 g A-O
Tr.
&
Sav.
Bank,
Chicago.
Stock and Bonds.—Pref. stock can be called
at any time at par.
Of the
$5,000,000 mtge. bonds of 1913, $1,331,500 are set aside to retire
underly¬
ing 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 Evansv. & East. El. Ry.
bds., $51,000 are reserved for ext. & impts. at 85% of cost. Are
subject to
call, In whole or ki 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.
$7,500 bonds were
•
held in
Jan. 1913.
Sinking fund of $10,500 per annum began Oct. 1
Evansv & Mt. Ver. Elec.
Ry., to be invested in ten bonds ann. at
105.
Sub. to call at any Int. period at 110.
Evansv. Term. bds. are red. at
105 & int. on any int.
day at 60 days' notice.
Sink, fund begins 1912.
sink,
1910
fund
on
EARNINGS.—For year ending Dec. 31 1912, gross,
$223,247; net, $89,845; Int., $64,110; surplus, $25,735.
In 1911, gross, $209,842;net,
$98,284;
int., $63,310; surplus, $34,974.
ROAD.—The Evansville & Eastern road consists of 31 miles
of
track
from Newburgh (from which
point It enters Evansville over tracks of the
Evansville Terminal Ry., 10 miles) to
Grandview, including a 4-mlle branch
to Richland.
The Evansville & Mt. Vernon road consists
track from Evansville to Mt.
Vernon.
Evansv. Henderson
comprises 10 )4 miles of track from Evansville to Henderson.
of lines, 71 )4 miles.
First two roads do a freight business.
of 20
&
miles of
Owensboro
Total length
OFFICERS.—Pres.. W. H. McCurdy; V.-P., W. A. Koch; Sec., &
Treas.,
C. H. Battin; Gen. Mgr., W. A.
Carson.—V. 90, p. 1362; V. 93, p. 730;
V. 96, p. 1156, 1488; V.
97, p. 594, 802.
(1) Henderson Traction.—A trolley road.
Acquired by Evansville Rys. in May 1913.
V. 96, p. 1488.
ORGANIZATION.—Incorporated In Kentucky Feb. 22 1907
aS
a
suc¬
to the Henderson
City Ry., Bold at foreclosure on Feb. 18 1907.
The old railway had a
30-year franchise granted In Oct. 1886, and also con¬
trolled the Henderson
Ferry Co., which has since been sold.
V. 84,
cessor
Newburgh. with
MONONGAHELA VALLEY TRACTION CO.
ORGANIZATION.—Organized in W. Va. on May 18 1912.
.
mtge $1,000,000 ($1,000)1
Evansville to
-
EARNINGS.—For year ending Dec. 31 1912, gross,
$111,511; net, after
taxes, $56,721; interest, $19,700;
balance, $37,021.
ROAD.—Owns and operates street
railway in Escanaba and an interurban road to Gladstone, whioh was
placed in operation In July 1910.
Powerplant capacity, 1,300 h.p.
A new dam on Escanaba River,
providing 3,000
additional h.p., was completed In summer of
1912.
OFFICERS.—Pres., J. K. Stack; V.-P., J. C. Kirkpatrick; Sec. & Gen.
Mgr., P. L. Utley; Treas., M. N. Smith, all of Escanaba.—V.
92, p. 1564.
gold
miles of track from
a
1909
5 J-J
250,000
See text
($1,000)
c*/Int. at First Sav.. & Trust Co., Milwaukee.
Esoan Pow Co
IstM'$120,000
6%*
120,000 Jan. 1 1914
Bonds.—Of 1st & ref. bonds, $125,000 are reserved
to retire Escanaba
Power Co. bonds and
$225,000 are for additions and Imp'ts at 80% of cost,
under restrictions.
Bonds mature $10,000 annually from 1914 to 1933
lncl.,
remainder in 1934.
They are subject to call at 103 and int. on any int.
date.
Michigan Trust Co., Grand Rapids, trustee.
V.
1st
.<
AND
branch off the main line through Stevens Station
and Chandler, to Boonrllle; has also 5 miles of side-track; total. 30 miles.
70-lb. T rails.
OFFICERS.—Pres., F. W. Cook; V.-P. and Treas., Lee Howell; Sec.
and Gen. Mgr., Gus Mulhausen.—V. 83,
p. 271; V. 96, p. 1365.
in Aug. 1909 of Escanaba Electric
St. Ry. and Escanaba Power Co.
Does electrlo light and power business in
Escanaba, Gladstone and Wells, Mich.
Is allowed to carry freight.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock $500,000.
Interest.
1364.
RY.
In Indiana In Dec. 1888, with a
per¬
charter.
Passenger business hauled by electricity and freight
by
Does a car-lot freight and express business.
Has private right-of-
STOCK
ORGANIZATION.—Reorganization
Date.
NEWBURGH
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)
/
$307,400
1st mortgage, $500,000, gold)
1904
5 g J-J
492,500
July 1 1934
($500 and $1,000)
__„c*
[Interest at Evansville Trust & Sav. Co.,
J
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 are
redeemable
after 15 years at 105.
$7,500 have been retired.
$2,500 have been called
for payment on July 1 1913.
V. 96, p. 1365.
EARNINGS.—For yr. end. June 30 1913, gross,
$123,296; net, $40,419.
.
.
,
ORGANIZATION.—Incorporated
petual
steam.
way.
Tex.,
reported,
$500,000
Date.
p.
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. Mgrs., Stone & Webster
Mgt. Assn.—V. 94, p. 559; V. 95, p. 616;
V. 96, p. 135, 202, 1556.
STOCK AND BONDS.—
stock $1,000,000 ($100)
BONDS—
EVANSVILLE SUBURBAN &
miles of track in and between El
Paso,
cars; standard gauge.
Will build, it is
ORGANIZATION.—Incorporated
AND
ROAD.—Owns 15 miles of street
railway In Owensboro and suburbs;
56 and 70-lb. rail; 25 motor
cars, double G. E. 800; 5 trailers; 25
10-ton
coal oars.
Power house 600 k.w. capacity.
V. 90,
EARNINGS.—Of combined companies for 12 mos. end. June 30
1913,
$859,735; net, after taxes, $393,650; other income, $5,889; int..
$51,547- balance, $347,992.
'
1st & ref mtge $600,000
gold)
to call on
V. 90, p. 1363.
-
gross,
ESCANABA TRACTION CO.
railway.
Remaining
Subject
..
sinking fund.
Dividends.—First dlv., 3% on pref. stock was
paid Jan. 12 1903; also 3%
,on July 13 1903; 1904 to 1913,
lncl., 6% per ann.
On com., 1st div., 2%,
Mar. 1910; Sept., 2; in
1911, 5%; in 1912, Mar., 3%; Sept., 3)4%; in 1913,
Mar., 3)4 %; in June began to make quar. divs. and
paid 2%; also Sept.,
2 %.
E SCANABA,
street
__
Sept *13 2%
Pref $1,000,000 6% n-c ($100)
6 J-J
.
1,000,000
July *13 3%
trust mtge $1,000.0001
1902
5 g J-J
1.000,000
Jan 1
1932
($1,000) gold
o/Int at State Street Trust Co, Boston,Trustee.
Bonds.—Collateral trust bonds cannot be called and no
66
treasury.
reserved for extensions and
improvements.
No sinking fund.
Owensboro
STOCK
Collat
from El Paso to
Maturity.
Interest.
Outstanding.
Maturity.
Common, $75,000 (par $50)
$75,000 f. p.
1st
mtge,
$200,000,
gold) 1902
5 g J-J
200,000 Jan
11932
($1,000), c&r, not red..
J Interest at Louisville Trust
Co., Trustee.
General mortgage,
$200,000-/ 1910
6 M-N
200,000 May 1 1933
I Amer. Tr. & Sav. Co., Evansv.,
Ind., trustee
EARNINGS.—For fiscal year end. June 30 1913,
gross, $73,669; net,
$21,295.
Invest. Co
On Jan. 15 1913 the directors voted
to offer stockholders $250,000comstock at par at close of business Feb. 1.
V. 96, p. 202
Up to Mch. 31 1913 $240,000 had been subscribed.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
35.4
Outstanding.
$149,800
City Railroad.—A trolley road.
Acquired by Evansville Rys. in May 1913. V.
96, p. 1488.
An exten¬
sion down the Ohio River is
contemplated.
V. 90, p. 1364.
ORGANIZATION.—Chartered In 1886.
Franchise runs till 1936 and
gives exclusive rights to operate street
railway In said city.
mon
ROAD.—Operates
and Juarez, Mexico;
are
April 15 1917 and 1922 at 105.
ROAD.—Operates 6 miles of
EL PASO ELECTRIC CO.—Incorporated In New
Jersey and "owns the
securities of the El Paso Eleo.
Ry. Co. and the El Paso & Juarez Trac. Co.,
oomprlslng 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 Ei Paso ex¬
pires In 1952; In Juarez In 1915.
In 1909 Increased pref.from $500,000 to
|l 000,000. V. 90, p. 109. $112,500 com. stock is owned by Pub. Serv
Q-M
Interest.
XCVII.
mortgage,
$150,000/ 1907
5gA-0
105,000 Apr.15 1927
($1,000, $500, $100) gold_.lint, at Ohio Bkg. & Trust
Co., Henderson,Tr.
Bonds.—$127,000 bonds issued but $22,000 held in
PASO? TEXAS.
Common, $2,000,000 ($100)
Date.
First
$23,000
EL
[VOL.
p. 508.
&
ref
2,046,300Aug'13,2
M
$15,000,000 .) 1912
5 J-D
2,500,000 June 1 1942
g
($500
& $1,000)-c* &r»/Fidellty Tr. Co., Bait., Trus.
Int. in N. Y.
Fairm. & Clarksb. 1st M $2,-1 1903
5 g A-O
2,500,000 Oct 1
1938
500,000, gold ($1,000) -c*JInt. at Guaranty Tr. 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 1 1922.
See V. 94,
1508.
Fairmont & Clarksb 1st mtge. bonds subj. to
call, beginning Oct.
1913. at 105 and int.
Listed on Phlla. Stock Exchange.
p.
'
Dividends.—5% is being paid on the pref. stock.
Initial dlv. on
mon—-2%—paid Jan. 1913; July 1913, 1)4%.
EARNINGS.—For year ending June 30 1913,
gross, $902,938;
$538,259; interest,'$250,000; balance, $288,259.
ROAD.—Operates street railways in Fairmont, W. Va., and
burg, W. Va., and
various
small
an Interurban line of 25 miles
branch lines;
com¬
net,
In Clarks¬
connecting the two; with
also lines from
Clarksburg to Bridgeport, 7.6
m.,
track in
Fairmont to Falrvlew, 14 m.,
and Clarksburg to Weston, 24 m.; total
operation, 108 miles.
Other extensions are
contemplated.
Fair¬
Mannington operates 16 miles.
Standard gauge, 80-lb. T rail.
S. L. Watson, Fairmont; V.-P., 0. H. Wheel¬
wright, Bait., Md.; Sec. and Treas., Walton Miller, Fairmont; Gen.
Mgr.,
Jas. O. Watson, Fairmont.—V.
94, p. 827, 912, 1384, 1508, 1627; V. 95,
p. 176; V. 96, p. 1840.
mont &
OFFICERS.—Pres.,
FARGO,
NORTH
DAKOTA.
FARGO & MOOREHEAD STREET RY. CO.—A trolley road.
Stock is all owned by Consumers' Power Co. of
Minnesota.
ORGANIZATION.—Incorporated
1902
in
North
Dakota.
In June
25-year franchises were granted in Fargo, Moorhead and Dilworth.
$300,000 ($100) issued.
Bonds authorized and outstanding, $200,($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d
mtge.;
both Issues due 1925; int. J-J and
subject to call after 5 years at 105; prin¬
cipal 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 Moorhead, Minn., and an interurban to
1912
new
Stock
000
Dilworth, Minn.,
a total of 15 miles.
Standard gauge, 70-lb. T rail.
EARNINGS.-—For 12 mos. ending July 31 1913, gross,
$111,977; net,
$41,591.
.
.
.
FISHKILL-ON-THE-HUDSON, N. Y.
FISHKILL ELECTRIC RAILWAY CO.—A trolley road.
RR., Lt. & Pow. at a rental of $8,255 per
Leases the Citizens' St.
STOCK 'AND
BONDS.
Date.
Interest.
Stock, $50,000
-
Outstanding.
$50,000
.
annum.
Maturity.
First mortgage, $50,000.
1895
6 J-J
50,000
July 1915
EARNINGS.—For year ending June 30 1913, gross,
$61,753; net, $21,231; charges, $17,526; surplus, $3,705.
ROAD.—Owns 4)4 and leases 3 miles.
Total 7H miles.
OFFICERS.—Pres., John T. Smith; V.-P., W. J. Conklln; See., W. H.
Southard; Treas., G. W. Patterson
FITOHBURG, MASS.
FITCHBURG &
LEOMINSTER STREET RY.
April 1905 absorbed the Leominster Shirley & Ayer Street
Ry. through
exchange of stock, share for share.
V. 80, p. 1478.
In Sept. 1907 Mass.
RR. Commission sanctioned Increase In stock from
$450,000 to $700,000;
new
stock to be Issued at 110.
Company then petitioned Commission to
allow stock to be Issued at 100 (V. 85,
p. 722), but In Sept. 1908 Commis¬
sion denied application.
V. 87, p. 812.
In
STOCK, BONDS, ETC.—
Date.
Interest.
Outstanding.
Maturity.
$450,000
See text
150,000 April 1 1917
$150,000
c/Interest at First National Bank, Boston.
Fitch & Leo con mtge, $350,-1 1901
4)4 F-A
150,000 Feb
11921
000
($1,000)
J Int. at Boston Safe Dep. A> Tr. Co., Trustee.
L S & A 1st mtge,
$100,000,( 1905
5 g F-A
100,000 Feb
11921
gold ($1,000)
c«(Int. at Boston Safe
Dep. & Tr. Co., Trustee.
(Guar, p & 1, by Fltcn. & Leom. St.
Ry.
Current liabilities June 30 1912
735,154
Bonds.—6f the new consol. mtge., $150,000 are
reserved to retire the
1st mtge. at maturity.
.*
•
Stock $700,000 ($100)
Fitch & Leo 1st mtge ($500) ,1
on
1897
Dividends.—For many years
up to and
to 1912-13, 6% per annum.
•
9
ROAD.—Owns
40.7
miles
of
Lunenburg, Shirley and Ayer.
oars,
3 express cars
and
5 snow
5 A-O
Including 1900-01, 8%; from then
track.
Road extends to
Leominster,
30 closed passenger cars, 25
open passenger
plows.
Sept. 19
55
RAILWAYS
ELECTRIC
3.]
FORT
EARNINGS.—For years ending June 30 1913 and 1912:
Net
Dividends paid—
527,000
$27,000
10,023
11,403
surplus
Balance,
for year
71,137
74,224
Int., taxes, &c___
1912.
1913.
1912.
1913.
5319,963 5305,140
111,247 .109,540
Gross
1478; V. 85, p.
Sargent; V.-P.»
N. Wallls, all ot
468, 722; V. 87, p. 812.
FOND
LAO, WIS.
OFFICERS.—Pres.,
Supt.
and
Purch. Agent,
W.
W.
H. I. Wallace; Clerk and Counsel, C. F. Baker; Treas., R.
Fitch burg.—V. 80, p.
EASTERN WISCONSIN
DU
RY. & LIGHT.—Trolley.
ORGANIZATION.—Incorp. in Wisconsin on Sept. 23 1903 as a consoli¬
dation of the Fond du Lac St. Ry. & 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. Ry.
V. 88, p. 1252.
STOCK AND BONDS—
Outstanding.
Maturity
5500,000 In 1912, 4%
Interest.
Date.
Stock, $500,000 (5100)
__
Ry & L mtgel 1899
5gJ-J
187,500 July 11924
5250,000 (5500), g
r&c*Jlrit. at Nat. Exchange Bank, Milwaukee.
1st
mtge.
51.500.000, gold) 1903
5 g A-O
1,190,000 Oct
11923
($1,000)
_c*/Int. at First Sav. & Tr. Co., Milw., Trustee.
Fond du Lac St
Bonds.—$207,000 1st M. bonds are reserved for prior liens and $103,000
in treaswr.
Bonds are subject to call on any int. date at 103 and int.
are
6 mos.' notice.
The Fond du Lac St. Ry. &
L.bonds cannot
called.
They are guaranteed, p. & i., by the Eastern Wis. Ry & Lt. Co.
Dividends.—4% per ann. has been paid from 1907 to 1912 incl,
upon
ROAD.—Operates 27 miles of track In Fond du Lac
70-lb. T rails.
be
and between Fond
net, after
$58,959.
In 1911-12, gross
(net), $52,761; surplus, $62,225[
int. (net), $56,482; surplus,
net, after taxes, $114,986; int.
OFFICERS.—Pres., H. F. Whitcomb, Milwaukee; V.-P.,
Wise.; Sec.
Manitowoc,
& Treas.,
Wisconsin
(1)
Electric
J. F.
Prltchard,'
H. F. Whitcomb Jr., Milwaukee; Gen.
Man., J. P. Pulliam.—V. 87, p. 346; V. 88, p.
1252.
Ry.—A trolley road,
Aug.
16
1908 in Wisconsin and
sold at foreclosure Aug. 6 1908,
Latter company was a reorganization of
Citizens' Traction Co. In 1900.
Eastern Wisconsin Ry. & Lt. Co. owns
stock and guarantees bonds of the Wisconsin Elec. Ry.
V. 88, p. 1255.
ORGANIZATION.—Incorporated
succeeded the Winnebago Traction Co.,
as
per
plan in V. 85,
p.
655.
Franchises expire 1932.
AND
STOCK
.
BONDS—
Date.
Interest.
1908
5 F-A
Outstanding.
$350,000
Stock $350,000
1st mtge.
$1,500,000
gold\
Maturity
801,000 Aug. 1 1938
Mllw., trustee.
($500 and 51,000)
c*J
Interest at Wis. Trust Co.,
Bonds.—Bonds are subject to call at 105 on 6 months
notice.
net, after
int. charges (net), $38,837; bal., $24,154.
In 1911^12
net,- after taxes, $56,026; int. charges (net), $39,138;
EARNINGS.—For year ending June 30 1913, gross, $202,428;
$62,990;
gross,
194,494;
bal., $16,888.
taxes,
.
ROAD.—Owns 46 miles of road—18.5 miles
In
lnterurban road running from Oshkosh to Neenah
In Neenah.
Oshkosh, 26.5 miles of
and to Omro and 1 mile
Smith; Sec. &
Treas., H. F. Whitcomb Jr., all of Milwaukee; Gen. Man., J. P. Pulliam.—
V. 87, p. 348, 481; V. 88, p. 1255.
•
OFFICERS.—Pres., H. F. Whitcomb; V.-P., Clement C.
FORT DODGE,
■'
_
and
-
FORT SCOTT,
KAN,
Electric Light & Power Co., Citizens* Electric Street Ry.,
Heating Co. and Fort Scott Gas Co.
Franchise expires
April 23 1922.
Date.
Interest.
Outstanding.
Maturity
$350,000 (5100)
$350,000
1st mortgage, $250,000, gold)
1903
5 g A-O
18 5,000 April 1 1922
($500), sinking fund
c*jlnt. at Chicago Title & Trust Co., Trustee.
New
mortgage
$350,0001
6%
289,000
($500)
-Jlnt. at Vandeventer Trust Co., St. Leuls, Mo.
STOCK AND BONDS—
Stock.
_
reserved for extensions
have,been retired. The following amounts axe payable annually
Bonds.—Of the $250,000 1st M. auth., $50,000 are
and $15,000
had to pay $17 50 per share in cash.
STOCK AND BONDS—
Interest.
Date.
$4,000,000 ($100>_>
Common,
Q-M
Pref.6%cum.,$4,000,000($100)
1st & ref. mtge,
5%
1911
1904
$15,000,000__
1st cons MJ
Ft W & W Val Tr
5 g
$7,500,000 gold ($1,000) c*llnt. at
M-S
Outstanding.
Maturity.
$4,000,000
2,500,000 See text
1,195,000 Mch
1 1931
1 1934
6,966,000 Mch
Commercial Tr. Co., Phila., trustee.
5 F-A.
50,000
See text.
5 M-S
20,000
See text.
mtge,/ 1901
5 g F-A
275,000
1931
$350,000 ($1,000), g
c*llnt. atN. Haven Tr. Co., N. Haven, Trustee.
Ft Wayne Tr mtge
$1,500,-1 1899
4 g A-O
29,000
Oct 1 1929
000, gold ($1,000)
c»l Int. at Guard. Trust Co., Cleveland, Trustee.
Lafayette St Ry 1st mtge/ 1893
<5^ J-D
225,000 June 1 1923
($1,000 each), $225.000_c«'llnt. at Real Estate Trust Co., Phila., Trustee
Laf & Log Tr 1st M $1,000,-1
1906
5 g J-D
849,000 June 1 1936
000 g ($1,000) gu p&i-.c*/Int. at Guar. Tr. & S. D. Co., Phila., trustee.
Ft W B & M 1st M $400,0001
1905
5 g J-J
400,000 July 1 1935
gold ($1,000) guar p & i___/Int. at Guar. Tr. & S. D. Co., Phila., trustee
Ft W Power Co mtge
/ 1907
5 M-N
57,700 Nov 1 1937
lint, at Guar. Tr. & S. D. Co.. Phila., Trustee
Stock.—Both com. and pref. stocks are listed on Phila. Stock Exch.
Series
"B" ($1,000)
94, p. 826.
Bonds.—Of the 1st & ref. mtge.,
V.
sinking fund' In 1908 and 1909, $3,500 per annum; in 1910 and 1911,
$4,000 per annum; In 1912 and 1913, $4,500 per annum; In 1914 and 1915,
$6,000 per annum; In 1916 and 1917, $7,000 per annum; and from 1918 to
1921 inclusive, $10,000 per annum.
to a
$65,000; net, $33,000.
Gauge, 4 ft.: 45 to 80 lb. T rails.
OFFICERS.—Pres., J. E. MoKInney, St. Louis; V.-P., R. E. L. Winter*
St. Louis; Seo.-Treas. & Gen. Mgr., F. D. Martin, Ft. Scott.—V.77,p.l294
EARNINGS.—For calendar year 1910, gross,
ROAD.—7 miles of track In Fort Scott.
$8,807,000 are reserved to retire under¬
lying bonds and remainder for acquisitions, extensions and additions. Subj.
to call as a whole on any int. day on or after Mar. 1 1916 at 105 and int.
Of
the Ft. Wayne & Wab. Val. consol. mtge. for $7,500,000, $534,000 are re¬
served to retire underlying liens.
See V. 78, p. 2011.- In addition to
bonds noted above, there are $3,500 lost bonds of the Logansport Ry. out¬
standing, due Sept. 1 1929.
The Ft. W. & W. V. consols of 1904 are not
subject to call before
They are listed on Phila. Stock Exch. The
maturity.
of 1901 are subj. to call at any time at 105 & int., •
M. Is closed; no more bonds can be issued
The Lafayette St. Ry. 1st M. 6s were extended for 10 years to June 1
1923 at 5)4% interest.
Wab. Rlv. Trac. Co. 5s
Lafayette & Logansport 1st
Car trusts axe guar., p.
Vail. Trac.
& i., by end. by Ft. Wayne & Wabash
The Penn. Co. for Ins. on Lives & Granting Annuities is
Dividends.—On pref., 1)4% quar., from organization to Sept.
Co.
May 1913 a scrip div. of 3% was paid, covering
and Mar. 1913.
See statement in V. 96, p. 1422.
trustee.
1912.
In
divs. payable Dec. 1912
None since.
ROAD.—Operates 209 m.main track connecting Ft. Wayne, Huntington,
Wabash, Peru, Logansport, Delphi, Lafayette and Bluffton; also local lines
Ft.
220
Wayne, Wabash, Peru, Logansport
At Logansport, Peru, Wabash
miles.
and Lafayette.
Total track,
and
Bluffton connection is
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,
made for Indianapolis over
Controls entire electric light and power business
and 60 other cars.
Ft. Wayne.
ORGANIZATION.—Incorporated In Kansas in 1900, and is successor
Fort Scott Steam
$ for $, but
cars
THE FORT SCOTT GAS & ELECTRIC CO.
Plant is being entirely rebuilt
to the Fort Scott
franchises extend to 1935 and 1998, except in Ft. Wayne, which for more
than % of street railway are perpetual, the balance being for outlying exten¬
1937.
Lighting franchise in Ft. W. extends to 1935.
$1,000,000 com., $1,000,000 pref. and $1,000,000 1st and ref. bonds of
the Ft. Wayne & Nor. Ind
Trao. were issued for $1,500,000 new cash.
Holders of Ft. Wayne & Wabash Valley com. received only 44.44% in the
com. stock of the Ft. Wayne & Nor. Indiana Trac.; holders of pref. received
sions and extending to
In
IOWA."
FORT DODQE DES MOINES & SOUTHERN RR.—See "Railroad
Industrial" section.
Wabash River Traction Co.
Lafayette & Logansport Trac. Co.
Furnishes electric light in Ft. Wayne, Roanoke and Delphi; municipal
Wabash Rlv Tr Co 1st
EARNINGS.—For year ending June 30 1913, gross, $316,145;
$296,345;
ORGANIZATION.—Incorp. in Indiana on Feb. 13 1911 to take over
Wabash Valley Trac. Co. per plan In V. 92, p. 394, 594.
Ft. Wayne & Wabash Valley Traction Co. had previously acquired
through consolidation or purchase the following companies:
Ft. Wayne Bluflton & Marion Tr. Co. Lafayette Street Ry.
Logansport Railway Co.
Ft.'Wayne El. Lt. & Power Co.
Logans. Roch. & Nor. Trao. Co.
Ft. Wayne & Southw. Trac. Co.
Wabash-Logansport Traction Co.
Ft. Wayne Traction Co.
the Ft. Wayne &
The
Ft W & W Vail Tr car trusts—
Series "A" ($1,000)
du Lac and Oshkosh.
taxes, 5115,441;
WAYNE, IND.
FT. WAYNE & NORTHERN INDIANA TRACTION CO.—A trolley road.
Controlled by the same interests as the Ohio Electric Ry. and the Terre
Haute Indianapolis & Eastern.
'
*
,
.
of
"
REPORT.—For calendar years ending Deo. 31:
Gross
Earnings.
$1,706,141
1,600,160
Cal.
Net
{.after
Taxes).
$645,759
611,183
Other
Income).
$6,957
5,622
Balance,
Interest.
$509,790
499,882
Surplus.
$142,926
1911
116,923
OFFICERS.—Chairman of Board, J. Levering Jones; Pres., James M.
Birrett, Ft. Wayne; V.-P. & Treas., Henry C. Paul, Ft. Wayne; Sec.,
H. E. Vordermark, Ft. Wayne; Asst. Sec., Henry Rainey, Phila.—V. 92,
p: 594, 794; V. 94, p. 826, 982; V. 96, p. 1296, 1422.
;
Year—
1912
.
FORT WAYNE & SPRINGFIELD
RAILWAY CO.—A trolley road.
of a receiver. Up
Receivership.—On Sept. 14 1912 passed into the hands
receivership mortgage interest was paid.
to date of
ORGANIZATION.—Incorporated July 2 1903 in Indiana. V. 86, p.1042.
right of way between Ft. Wayne and Decatur.
Franchise for 50
Private
years
See V. 89, p. 162.
in Decatur, 28 years in Ft. Wayne.
Outstanding.
Maturity.
F-A
$676,300
See text
First mortgage $1,000,000 gl
1910
5 g A-O
209,000 April 1 1930
($500)
c*/Int. at Cleveland Trust Co.. Cleve.,Trustee.
Bonds.—Are subject to call at 105 on any Interest day.
Dividends— In 1907, 2%; in 1908, 4%; in 1909, 4%; in 1910, (?).
EARNINGS.—For year ending Dec. 31 1912, gross, $52,179; net, after
Date.
STOCK AND BONDS—
Common
$1,000,000 ($100)
Interest.
*
___
FORT SMITH, ARK.
FORT SMITH
int. and taxes, $2,549.
LIGHT & TRACTION CO.
Standard Gas & Elec. Co. (V;93, p. 1327) owns 5949,900 com.,
pref. stock, $150,000 1st M. bonds and $300,000 deb. 6s
$798,700
of the company.
ORGANIZATION.—Incorporated in Arkansas on April 13 1903 as a con¬
Transit Co. and the Ft. Smith
Owns all physical property, contracts, rights and
franchises of Van Buren Fuel & Light Co. (now dissolved).
Does the entire
electrio-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
solidation of the Ft. Smith-Van Buren Light &
Trao., Lt. & Pow. Co.
in Van Buren
expire in 1957.
•
City Council Dec. 16 1912 fixed the price of gas at 25c. per 1,000 cu.
was
ft.,
injunction, and subsequently the ordinance
but company obtained a court
rescinded.
STOCK AND BONDS—
Date.
Common. $1,500,000 ($100)
Pref. $5,000,000 ($100) 7%cum
First
$6,000,000 gf 1911
and $1,000)
c*jlnt. at
mortgage
sf ($500
Interest.
-
Q-J 15
5 g M-S
Outstanding.
$950,000
Maturity.
Illinois Trust & Savings Bank, Chlo.,
I
trustee, or at agency of co. in N. Y. or
Debenture notes, $300,000
1913
6 M-N
300,000 May 1
Stock and Bonds.—Pref. stock Is red. at any time after 3 years from
Bos.
1918
issue
at 110 and accrued div.
Remaining 1st M. bonds can only be issued for
75% of cost of additions, improvements and extensions under pertain re¬
strictions.
See V. 92, p. 956.
Subj. to call as a whole or in part on any
int. day at 105 and Int.
Cash sink. fd. 1% yearly 1914 and 1915, 1)4%
yearly 1916 to 1918, 2% yearly 1919 to 1923, and such amounts thereafter
as by July 1 1935 will make total sk. fd. 40% of bonds certified.
V.92.D.956.
Bonds are listed on N, Y. Stock Exchange.
V. 94, p. 487.
Dividends.—Pref. is cum. from Jan. 1 1912.
1st div. on pref.—1 H%—
paid April 15 1910: July, 1 M%\ Oct., 1 %% and 1 Vi% quar. since to and
including April 1913; July 1913, none.
$616,994; net, after
deficit, $7,298.
taxes, $231,987; int., $145,090; pref. div. (7%), $94,195;
of track on 12 miles of streets in
Ft. Smith and suburbs. Standard gauge, 60-lb. and 80-lb. T rail. 58 cars.
Owns a park of 110 acres. Also gas works for distributing hatural and arti¬
ficial gas, with 68 miles of mains;
and electric power and lighting plant—
generating capacity, 5,350 horse power and pole line of about 130 miles.
ROAD.—Owns and operates 31
miles
OFFICERS.—Pres., A. S. Huey; V.-P., H. M. Byllesby; Sec., Jas.
Brizzolara* Gen. Mgr. & Treas., J. W. Gillette; Aud., W. J. Parker; Mgrs,,
H. M. Byllesby & Co., Inc.—V. 88. p. 505; V. 90, p. 236, 303, 372, 914;
V. 92, p. 881,
956,1032,1178,1636; V. 94,
p.
•
.
„
.
FORT WORTH, TEXAS.
NORTHERN TEXAS ELECTRIC CO.—A holding company.
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, 33 miles, Enters Dallas over
its own tracks.
See V. 89,p. 411.
On June 29 1911 the Ft. Worth Southern Trac. Co. was Incorp. In Texas
(auth. stock $ 1,500,000, out., $1,000,000—all owned by Northern Texas
Electric Co.), to own
and operate an Interurban railway 28 fmlles be¬
tween Fort Worth and Cleburne.
Franchises of Northern Teaxs Trac. Co.
in Ft. Worth expire in 1973; In Dallas in 1920 and 1953; others between
1945 and 1950: has private right-of-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 ex¬
pire in 1961.
V. 92, p. 1243.
Road was completed in Aug. 1912 and began
operation Sept. 1912.
On Feb. 24 1913 shareholders voted to 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. *
i
Of the common stock, $350,000 is
„
_____
1,410,000
See text
2,700,000 Mch 1 1936
EARNINGS.—For year ending Dec. 31 1912, gross,
_
ROAD.'—Operates 21.6 miles between Decatur and Ft. Wayne.
Iota!
23.7 miles.
70-lb. T rail; gauge 4 ft. 8)4 la.
An extension from
Decatur to Berne (12 miles) Is being constructed.
OFFICERS.—Pres. & Mgr., W. H» Fledderjohann; V.-P , B. A. Fledderlohann; Sec., John H. Koenlg; Treas., Chas. Dlrkson.—V. 86, p. 1042;
V. 89, p. 162; V. 90, p. 1101.
track
487; V. 95, p. 47; V. 97, p. 298.
Date.
STOCK AND BONDS—
interest.
Q-M
M&S
5 g J-J
Common $5,000,000 ($100)
Pref 6% n-c $5,000,000 ($100)
Outstanding.
Last Die .
$3,150,000 Sept'13,1^
4,000,000 Sept'13. 3%
2,084,000 Jan 1 1940
Coll trust M $10,000,000 gold!
1910
sink fund (see text) __c* &r* Int. at Commonwealth Tr. Co., Bos.,Trustee.
Ft Worth Sou Traction notes
$1,000,000 ($l,000)____c*
No Tex Trac 1st M $2,500,000
($1,000)
fund
gold—ho
sinking
c
1911
5 g
M-N
839,000
May 1 1914
Int. at New Eng. Trust Co., Boston, Trustee.
1903
5 g J-J
2,500,000 Jan. 1 1933
Int. at Citizens' Sav. & Tr. Co., Cleve.,
or
at Chase Nat.
eraJTexas Traction first mortgage bonds.
Trus.
Bank, New York.
Stock.—The pref. stock is redeemable at 110.
V. 94, p.
classes of stock are listed on the Boston Stock Exchange.
Bonds.—Of the coll. trust bonds, $2,500,000 are reserved to
1449.
Both
retire North-
$41,000 have been retired.
56
ELECTRIC
RAILWAYS
Coupon bonds are in denom. of $1,000; regis, bonds, $1,000, $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. 1 1911. Bonds are
secured by deposit of all the stock of the North.
Texas Trac. Co.
V. 90,
&orth.
873, Texas
1239.
callable
are
ROAD.—16
Ft. Worth Sou. Trac.
an
Houston,
stock is owned by Public Service Investment Co.
On Oct. 6 1913 the stockholders will vote on
authorizing an increase in
the capital stock from $4,000,000 common and
$3,000,000 pref. to $5,000,com.
cars.
OFFICERS.—Pres., Marshall M. Phinney; V.-Ps., Wilbur A. Carter
000 common and $4,000,000
ORGANIZATION.—lncorp. in Illinois on Aug. 20 1910 as a consolida¬
tion 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 cars of that company
Freeport.
Also has contract for city lighting.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Common $850,000
1
$701,300
Pref. $400,000 5% non-cum__
150,000
Freeport Ry Lt <5c P 1st mtge/ 1903
5 g M-N
332,000
See text
$350,000 g ($1,000)
c* 1 American Tr & Sav. Bk., Chicago, trustees.
Freep Ry &Lt mtge $2,000,-/ 1910
5 M-N
575,000 Nov 11935
000 g ($100, $500 & $1,000)lint, at Cont. & Comm. Tr. & S.
B., Ch.,trust.
Bonds.—Int. on F. R. L. & P. bonds Is payable at offices of
Rudolph
to enter
Notes.—Outstanding notes
into
common
stock
at
par
Galveston-Houston
Electric
fly.—Of
the
remaining
bonds,
$2,250,000
$250,000 are held in trust for benefit of company and balance is reserved
acquisitions and impts.
Denom., coup., $500 and $1,000; 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. Sinking fund of 1 % of bonds Feb. 11910 to 1944; there¬
after 1 Yi%.
First five payments waivable.
Bonds are guar., p., i. and
s. f., by Galv .-Hous. Elec. Co.
See V. 90, p. 697.
Houston Electric Co.—Entire issue, but not any part, can be called at
107K and int.
Sinking fund of 1H% of bonds outstanding payable on.
Aug. 1 each year.
See V. 74, p. 680; $368,000 of bonds reported outstand¬
ing was held by this fund On June 30 1913.
No
Standard gauge,
FRESNO, CAL.
FRESNO TRACTION CO.—A trolley road.
DIVIDENDS.—On common, 1^% semi-ann. since Sept. 1909 to and
Mar. 1912, amount then increased and paid 2% in Sept. 1912.
In
Southern Pacific assumed control.
ORGANIZATION.—lncorp. in California
convertible
for
^
1910
are
1914; remaining notes may be issued with or without
privilege.
Subject to call as a whole on 60 days' notice at 101
and int. on any interest day.
V. 92, p. 794.
Galveston Electric Co.—Of the bonds, $1,191,000 reserved for additions
and impts. at 80% of cost and $40,000 have been retired.
A sinking fund
of 1K % of bonds certified began July 1 1906, if earned, and on July 1 1911
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.
p. 975.
$5,000 due in each of the years 1910, 1912 and 1913 and $5,000 an¬
nually from 1915 to 1921 Incl., the remainder in 1922.
A sk.fd. provides for
the payment of $2,000 per ann. for first 10
years and $5,000 per ann. there¬
after.
Of the Freep. Ry. & Lt. bonds, $350,000 are
reserved for prior liens
and $70,500 (In addition to amount shown in
table) are held in the treas¬
ury.
They aresubject to call at 102^ on 30 days'notice In 1915.
Sinking
fund begins in 1915.
V. 91, p. 716.
I
Outstanding.
M-S 15
M-S 15
6 A-O
conversion
Kleybolte Co., Inc., In N. Y., Cln. and Chic.
Are subj. to call after May 1
by lot at 105 & int. $18,000 have been retired. Maturity of bonds is as
—V. 91, p. 716; V. 95, p. 480.
802.
Electric Co.
1913
$39,616.
p.
Interest.
until and Incl. Jan; 1
follows:
$102,849; net,
See V. 97,
Date.
Last Div.
$3,000,000 Sept'13,3%
2,990,500 Sept *13,3%
Conv notes $2,000,000
1 1911
600,000 Apr
11914
($1,000) ..L
c* Int. at State Street Trust Co., Bost., trustee
Galv Electric 1st M $2,500,1905
5 g M-N
1,269,000 May 1 1940
Int.
at
Old
gold ($1,000)
c*
Colony Trust Co., Boston, trust.,
or at company's
agency In New York.
Galv-Hous EI Ry 1st M $5,1909
5 g A-O
2,750,000 Oct
1 1954
000,000 g guar
c&r Int. at Old Colony Tr. Co., Bost., trustee.
Hous Elec Co 1st M $2,500,1900
5 g F-A
2,500,000 Aug 1 1925
000 g ($1,000) sk fd
c* \Int. at Internat. Trust Co., Boston, trustee.
Stock.—Pref. is callable at 120 and accum. div.
Both pref. and com.
are listed on Boston Stk.Ex. Unissued pref. ($9,500) Is reserved for
exchange
of an equal amount
of pref. of Galveston
Electric Co. and Houston
FREEPORT, ILL.
1911, gross,
pref.
STOCK AND BONDS—
Common $4,000,000 ($100)
Pref $3,000,000 6% cum($100)
FREEPORT RAILWAY & LIGHT CO.
In Aug. 1912 control was
acquired by Middle West Utilities Co., which
see in our "Railway & Industrial
Section."
of track.; 60 and 90-lb. T rail.
interurban road between Galveston and Houston. 44.5 miles, and
guar¬
bonds, p., i. and s. f.
Franchises expire in Galveston in 1950; in
1935.
The interurban is on private right-of-way.
$150,000
antees its
operate 139.5 miles of track, standard gauge; 173
m.
rail.
ELECTRIC CO.—A holding oompany.
in Maine on May 8 1907.
Controls
through ownership of stock tne 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 of Galv.-Houston Elec. Ry.,
and Guy L. Weymouth: Sec., Chester M.
Clark; Treas., Henrv B. Sawyer;
Gen. Mgrs., Stone & Webster Mgt«
Assn., Boston.—-V. 94, p. 1449; V. 95,
p. 680;
V. 96, p. 488, 654, 790; V. 97, p. 444.
ROAD.—Operates. 9
75-lb.
GALVESTON-HOUSTON
.
EARNINGS.—For cal. year
later figures have been issued.
Monmouth.
ORGANIZATION.—lncorp.
DIVIDENDS.—First dividend on pref. (1%)
paid Mar. 1 1906 and 2%
Sept. 1 1906; 1907 to 1913 (incl.) 6% per annum.
First div. on com., 2%;
paid Sept. 1 1909: in 1910. 5^ %; inl911 and
1912,6%; in 1913, Mch.. IX %;
June, 1%? m Sept. rate was increased to 1 % %
quar.
REPORT.—Of the combined
companies for the 12 months ending
June 30 1913, gross, $2,004,713;
net, after taxes, $938,633; int., $263,997;
sinking fund, $19,156; balance, $655,480.
vL-—
passenger and 16 other
and
GALVESTON, TEXAS.
V. 92, p. 1243.
The Northern Texas Traction Co. bonds are
subject to call as a whole on any int. day at 105 and int.
cos.
Galesburg
OFFICERS.—Pres., M. A. Walsh: V.-P., E. C. Walsh; Sec., J. W. Walsh;
Treas., C. H. Walsh; Gen. Mgr., W. W. McCullough.
are a direct obligation of the
Elec., but with a 1st M. notes
on the Ft. Worth Sou. Trac.;
they
whole, but not in part, at any time on 60 days' notice at
ROAD.—Subsid.
between
xcvii.
Standard gauge.
as a
101 and int.
In
miles
[Vol.
incl.
In 1903 to build 196
m.
of elec¬
1913 increased to 2 3^% and in Sept. to 3%.
EARNINGS.—Of the combined companies for 12 mos. ending June 30
1913, gross, $2,216,830; net, after taxes, $942,870; int., $353,451; sinking
fund, $57,135; balance, $532,284.
\
OFFICERS.—Pres., Marshall M. Phinney; V.-P., Edward Byrnes and
Mar.
tric railway, Including lines from Fresno to
Wawona, 79 m.; Fresno to Selma;
Fresno to Trimmer's Springs and Fresno to Central and
Washington Co onies.
Stockholders in 1904 auth. a mtge. to secure
$5,000,000 bonds.
V. 78. p. 1222.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $5,000,000
$5,000,000
Mortgage. $5,000,000
1904
5%
58,000 July 1 1944
Fresno
City Ry first mtge/ 1902
6 g J-J
128.000 Jan. 1 1922
$150,000 gold ($l,000)__c*l,Unlon Trust Co., San Fran., Trustee.
Bonds.—Fresno City bonds have a sinking
fund of $3,000 per annum for
G. L. Weymouth; Sec., Chester M. Clark; Treas., Henry B. Sawyer; Gen.
Mgrs., Stone & Webster Mgt. Assn.—V. 95, p. 679; V. 96, p. 419, 652;
V. 97, p. 666. 802.
■
<
GARY, INDIANA.
first 2 years, $5,000 per annum for next 5
years and $7,500 per annum foj
next 10 years,
commencing Jan. 1 1905.
Bonds cannot be called.
In
terest payable In New York and San Francisco.
gary & interurban rr.
.
'
ORGANIZATION.—lncorp. Jan. 28 1913 in Indiana as a consolidation
of the Gary &
Interurban Ry., Gary Connecting Rys., Valparaiso &
Northern Ry. 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 Ry. and
about 40% of the Gary & Interurban Railway's stock, the four companies
having been operated under joint contract.
*
Franchises of old Gary & Interurban Ry. expire as follows:
In Gary,
1957; Tolleston.. 1959; East Chicago &
Indiana
Harbor, 1949; Ham¬
„
ROAD.—Including the old Fresno City Ry. (which the Fresno Traction
operates under lease), has 31 miles of track in and about Fresno.
gaiige, 75-lb. T rail.
Standard
OFFICERS.—Pres., W. F. Herrlp; Sec., F. C. Ambrldge, Fresno; Gen.
Mgr., F. W. Webster.—V. 76.
1192; V. 77, p. 1746; V. 78. p. 1222
p.
CITY
GADSDEN &
of Alabama.
and
a
coal
yard.
mond,
ATTALLA
RY.
special charter from the State
besides street railway, a light plant, an Ice plant
Operates,
a
STOCK. AND BONDS—
Date.
Interest.
Outstanding.
$330,000
gold/ 1906
5 g M-N
1 Interest at Trust Co.
298,000
Maturity
Nov.
1
1936
of Amer.. N. Y., Trust
reserved for further additions at 90 %
of cost.
New bonds are subject to call on any Interest date
at 105.
EARNINGS.—For cal. year 1912, gross, $149,151; in
Bonds.—The unissued
bonds
are
1911,
330.
gross,
ROAD.—Operates 11 miles of track, connecting the points
Standard gauge, 40-lb. T rail.
Early in 1910 began
2-mile extension to plant of Southern Iron & Steel Co.
OFFICERS.—Pres., E.
T.
Schuler,
Gadsden, Ala.;
G. H. Schuler, Jacksonville, Fla.—V, 83,
p. 817.
$138,-
named In the
title.
operating
V.-P.
&
a
Treas.,
GAINESVILLE, GA.
GAINESVILLE RAILWAY &
POWER CO.
ORGANIZATION.-ylncorporated in Georgia In July 1909.
to the Gainesville Electric
Is
successor
Ry., sold at foreclosure.
STOCK AND BONDS—
Date.
V. 89. p. 103.
Outstanding.
Maturity.
Interest.
Stock $150,000 ($100)
$130,500
Mortgage $150,000 gold
1 1909
6 g J-J
130.500
Jan. 1 1930
($500)
__c*/lnt.at Cent.Bk.&Tr,Corp.,Atlanta,Ga.,tru8.
Bonds.—Remaining bonds are for extensions and betterments.
Subject
to call after 1914 at i05.
EARNINGS.—For calendar year 1912, gross, $35,304.
in 1911, gross.
$26,029.
'■
ROAD.—Operates 6 miles between Gainesville and New Holland and to
—
,
,
Chattahoochee
Park.
Standard
70-lb.
gauge.
OFFICERS.—Pres., W. A. Carlisle;
Merck —V. 89, p. 103.
„;
T
rail.
V.-P., W. H. Slack;
:
,
/ '
Sec., Ophelia
...
GALESBURG, ILL.
PEOPLE'S TRACTION CO.—A trolley road.
McKinley Syndicate, which controls the Illinois Trac.
Co., purchased the stock held by Treas. Charles S. Harris,
amounting to
In May 1913 the
137,500
out
1939
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$3,707,800
Pref.6% nonc$l,000,000($100)
1,000,000
''
*s
Gary & Interurban Ry—
Refunding
ciuuuiug
& 1st
lv
ion
mtge VJ.V7,—i
uivgo
5 J-J
1,153,000. July 1 1930
$10,-1; 1910
000,000 g ($500 & $1.000).(Int. in N. Y. or Chic., or through Lawrence
r
{
Barnum& Co.,West. Tr.&Sav.Bk.,Ch.,tr.
Conv
notes
$350,000
goldl 1912
6 g M-S
350,000 Sept 1 1915
($500 and $1,000)
c*j Baltimore Trust Co., Trustee.
Gary Connecting Rys.—
First
mtge
$400,000
goldl 1911
5 g J-D
400,000 June 1 1921
($500 and $1,000). gu-_c*j Western Tr. & Sav. Bank, Chicago, Trustee.
Valparaiso & Northern Ry.-—
First mtge, $250,000 ($100) g\
5 g A-O
250,000 April 1 1930
callable at 105_
c/Int. at Met. Tr. & Sav. Bk., Chic., Trustee.
Stock.—Authority has been given to increase stock to $7,500,000 as re¬
quired.
Pref. stock is to share in dividends on same basis with common
after latter has received 4%.
Gary A Interurban Ry.—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 $500,00Q (entire issue) East Chicago Ry. 1st M. 5s, due 1928, and all o
its $500,000 stock.
Conv. into said bonds at 90 and int. on Sept. 1 1915
upon 60 days' written notice.
The E. Chic, bonds are guar., p. & L, by the
Gary & Inter. Ry.
The deed of trust provides that the Gary & Inter. Ry.
acquire the E. Chic. Ry. upon the maturity of the notes, when an equal
amount of Gary & Inter. Ry. ref. 5s, due 1930, will be reserved for the
redemption of the E. Chic. Ry. 1st M. 5s, due 1928.
V. 95, p. 890. Notes
are listed on Baltimore Stock Exchange.
Gary Connecting Rys.—1st M. bonds are subj. to call at 105 and int.
Int.
at Lawrence Barnum & Co., New York.
The bonds are uncondiitonally
guar, by the Gary & Interurban RR.
EARNINGS.—Of old Gary & Interurban Ry. for year end. June 30 1912,
gross, $182,249; net, $77,610.
ROAD.—Operates local lines in Gary and extension through Tolleston
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 Goodrum, 22 miles: Gary to Goodrum, 16 miles; from Chester¬
ton and Porter, through Goodrum to Valparaiso, 12 miles; total miles of
track, 85.
Standard gauge; 60 and 85-lb. T rail.
OFFICERS.—Pres., F. N. Gavit. Whiting, 111.; V.-P., A. C. Miller, Chi¬
cago; Sec., C. W. Chase, Chicago; Treas., L. E. Woodward, Valparaiso.
—V. 96, p. 359, 1422..
Common $4,000,000 ($100,)._
of 150,000
shares.
V.
96,
p.
1425.
ORGANIZATION.—Incorporated In Illinois
STOCK AND BONDS—
Stock $200,000 ($100)
Date.
Interest.
May 23 1901.
Outstanding.
Maturity.
$150,000
on
.
gold/ 1902
5 g M-S
149,700 Mch. 1 1922
($100)
c*&r,(Interest at Farmers* &Mech. Bk., Galesburg.
Bonds.—Subj. to call after 10 years at 105.
L. A. Townsend is trustee
have
been retired.
EARNINGS.—For cal. year 1912, gross, $41,143; net, $10,859.
ROAD.—Operates 12
miles of track from
Galesburg to Abingdon.
60-lb. T rail.—V. 96, p. 1425.
Standard gauge.
1ROCK
•
ISLAND
SOUTHERN RAILROAD.
ORGANIZATION.—lncorp. In 1906 under
Steam RR. Act of Illinois.
passengers and steam for freight.
Is controlled
Rock Island Southern Ry.
Franchises in Monmouth
Operated by electricity for
by
same
are
for
Interests
20
STOCK
Stock'
.....
as
.
.
,
'
First mortgage $150,000
$300
____
•
-
Stock $500,000 ($190)
New mortgage $300,000
($ 1,000)
t
,
GADSDEN, ALA.
ALABAMA
ORGANIZATION.—Incorporated under
tj
GENEVA, NY..
geneva seneca falls & auburn rr.
ORGANIZATION.—lncorp. May 28 1913 as successor of the Geneva &
Auburn Ry. sold at foreclosure Mar. 14 1913.
Public Service Commission
authorized the sale of $524,000 bonds at not less than 85.
V. 97, p. 298.
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $450,000
$450,000
Mortgage bonds
1913
524,000 July 1 1943
ROAD.—Extends from Geneva to Cayuga Lake Park
through Waterloo
and Seneca Falls, 17 miles; sidings, % mile.
Rails 70-lb. girder and 60-lb.
T; track standard gauge.—v. 96, p. 1629; v. 97, p. 298.
years.
AND
$500,000
BONDS—
($100)..
1st M, $2,500,000 g
red at 105
"Date.
...
Interest.
...
Outstanding.
;•».
$500,000
5 g J-J
GIEAED, PA.
Maturity
.
521,000 Jan " 1*1947
—cllnt. at Amer. Tr. & Sav. Bk., Chic., Trustee
EARNING8.—For year ending June 30 1912, gross,
$85,603; net, after
xes,J $43,051.
In 1911, gross, $80,475; net, after taxes, $40,556.
($1,000);/
CLEVELAND & ERIE RAILWAY CO.
ORGANIZATION.—Incorporated
neaut
&
Erie Traction
In
June
1909.
Is
successor
to Con-
Co.. sold at foreclosure.
Owns all the stock and
the Conneaut & "Erie Traction Co. of
Ohio, which owns
1.99 miles of track.
Franchises are for 999 years.
bonds and leases
iSEPT.
Outstanding.
Interest.
Date.
STOCK AND BONDS.—
Stock $300,000
First mortgage
Maturity.
$300,000
$800,000 goldl
They ore subject to call at par.
has been paid on Incomes.
EARNINGS.—For 12
mos.
No Inter¬
Bonds have no sinking xund.
ending June 30 1913, gross, $118,656;
net'
$38,681; sur., $13,391
$51,855; other income, $217; int., taxes and rentals,
Operates between Conneaut and
ROAD.—Owns 31.29 miles of track.
Standard gauge; 60-lb. rail; 9 passenger and 8 other cars.
C. E. Willock, Pittsburgh; V.-P., J. S.
Erie.
OFFICERS.—Pres.,
Erie, Pa.; Treas., J. R. McDonald, Erie, Pa.; Seo., J. M.
Mgr., R. W. Palmer, Glrard, Pa.
;
Slantsaggregating
with an installed
98,800 gas
h. p.;
high-tension
transmission
905.36capacity
miles inof
length;
companies
sowing
11 cities,
nes
1909
5 J-J
500,000 July 1 1929
($250 and $500)
c/Int. at Fidelity Trust Co., Phlla., trustee.
.Inoome bonds $500,000 ($2501 1909
5 July
500,000 July 1 1928
and $500)
/Int. at Fidelity Trust Co., Phlla., trustee.
Bonds.—Remaining first mortgage bonds are reserved for extensions,
betterments, Ac.
They are subject to call at 105 and Int. on 3 mos.' no¬
tice.
Int. on Income bonds is only payable If earned, and is non-cum.
est
57
ELECTRIC RAILWAYS
1913,.J
1913 or 1,924,223,400 cu. ft.
with sales during the year ending Feb. 28
OFFICERS.—Pres., Anton G. Hodenpyl; V.-P., C. M. Clark; V.-P.,
W. S. Reed; V.-P., Geo. E. Hardy; Sec. & Treas., Jacob Hekma; Asst.
Sec. & Asst. Treas., M. C. Miller.—V. 90, p. 108, 447, 626, 916, 976; V. 91,
p.38,214; V.92, p.260,794; V. 93, p.1786; V. 94, p.767;
1296,1422,1556; V.97,p.236.
(1)
V. 96, p.135,
,
Michigan Railways Co.*
Incorp. in Maine in Dec. 1911 (V. 94, p. 68).
Under plan dated April 26
stock was exchanged for $2,000,000 in certifs. of the Common¬
Ry. & Light Co., calling for delivery of com. stock on May 1
1915.
Commonwealth Co. also acquired $2,100,000 pref. stock and ap¬
1913 com.
wealth Power,
proximately $1,500,000 notes of the
Rilling,
Smith, Glrard, Pa.;
Michigan
a.
company.—V. 96, p. 1298, 1423.
.
United Traction Co.
Mich. Rys. Co.
All the stock is owned by the
ORGANIZATION.—Incorp. In Dec. 1911.
Stock $100,000.
Leases
United Rys. for 999 years.
On March 18 1912 the Mich. Ry
the Mich.
Engineering Co. was Incorp. In Interest of Mich. United Trac.
care of its repair and construction work.
V. 94, p. 1317.
GIRARDVILLE, PA.
SCHUYLKILL
RAILWAY
CO.
ORGANIZATION.—Incorporated In Pennsylvania on July 20 1903 and
V. 80,
Eurchased
thep.property
of the Schuylkill Traction Co. and the Lakeside Ry.
1729.
o.
Outstanding.
M aturlty.
AND BONDS—
Date
Interest.
$400,000
j..'
$400,000 ($50)
640,000
Apr 1 1935
$1,450,000, g) 1905 . < 5 g A-O
Phlla., Trustee.
($500 and $1,000)
,__c*/Int. at Fidelity Tr. Co
Bonds.—Of the remaining first consol. bonds, $760,000 are reserved to
Co. to take
*
• fj
OFFICERS.—Pres., B. C. Cobb, New York;
V.-Ps., Frank Silliman Jr.,
Phila., and John F. Collins, Jackson; Treas.,
Sec., Robert Morrison Jr., Jackson; Asst. Sec.
N. Y.—V. 94. p. 631, 698, 1317.
Geo. B. Dobbin, Jackson;
& Asst. Treas., S. E. Wolf,
STOCK
Stock
1st cons mtge,
.
retire the underlying liens in statement
below and $50,000 are In treasury.
call at par and interest.
EARNINGS.—For year ending June 30 1912, gross,
Are subject to
$188,471; net, after
$25,522.
A. McKee,
Phlla.; Asst. Seo. A Treas., Chas. E. Hanna, Bala, Pa.; Gen. Mgr., W. S.
Lelb, Pottsville.—V. 80, p. 1729; V. 82, p. 1157; V. 87, p. 286.
taxes, $78,622; Int., Ac., $51,183; other deduc's, $1,917; surp.,
OFFICERS:—Pres.. Powell Evans, Phlla.; Sec. & Treas., J.
(1) Schuylkill Traction Co.—A trolley road.
ORGANIZATION.—Chartered Sept. 26 1892, In
perpetuity, under the
Road opened June 1 1893.
On Jan.
the Mahanoy City Shenandoah Glrardvllle A
Ashland Street Railway.
On Oct. 5 1893 leased for 999 years the Ashland
Locustdale A Centralla Elec. Ry.
Owns all the stock of these two roads,
which Is pledged under the first mortgage.
On April 27 1900 leased for 999
years the Lakeside Ry., which connects the two ends of the company's
routes from Mahanoy City to Shenandoah and purchased 2,600 of the 5,000
shares of the capital stock.
On Jan. 24 1901 leased the Shenandoah A
Pottsville Street Ry. for 999 years (Incorporated Aug. 1 1900), and from
Pottsville to Shenandoah, 13 miles, and bought all Its capital stock.
The
Lakeside Shenandoah A Pottsv. stock is pledged under consol. mtge.
STOCK AND BONDS—Miles. Date.
Interest.
Outstanding.
Maturity.
1893
5 g A-0
$500,000 April 1 1943
1st M, $500,000, g, $500 22M
A $1,000, s f $10,000 Interest Is paid at Equit. Tr. Co., Trustee, Phlla.
y'ly after Apr '98_c*J Bonds may be purchased for sinking fund at 105.
4 g M-N
150.000
Nov 1 1923
1st mtge, Lakeside Ry,'
5H
1893
at
Equitable Trust Co., Philadelphia,
g, $150,000, guar by Interest
Motor Traction Act of March 22 1887.
6
1893 leased for 999 years
Trustee.
Schuylkill Traction...
1901
con mtge, see text
($1,000), g
c* Interest at
105,000 July 1 1951
Co.. Phlla., Trustee.
4H g J-J
New
Fidelity
Trust
Power-house mortgage
Bonds.—Auth. amount of consol. mtge. was
5,000
$2,000,000, but mtge. has
$105,000 out.
Of the outstanding bonds $36,000 are held
Subject to call at 105 and Interest.
Sinking fund of 1%
of bonds out became operative Aug. 1 1907.
been closed with
In the treasury.
ROAD.—Schuylkill Traction Division 22 V£ miles of
track, beginning at
to Glrardville, forming
to Shenandoah and the
Mahanoy City.
Lakeside Dl
Locustdale, thence through Ashland, Holmesvllle
there a Y one branch running through Lost Creek
branch
other
to
Malzevllle,
Gllberton and
vision 5H miles.
Total 28,miles.
60 and 70-lb. Trail.
Extensions
miles proposed and charters obtained.
Operates 51 motor cars, 4
cars
and
—V.
2
snow
80. p.
1729.
sweepers.
Extensive Improvements
of 43
work
made
have been
_
GRAND
(a)
Date.
Interest.
Outstanding.
Maturity
($100)
—
$6,000,000 _
($100) 6% cu
M-S
1 000,000
See text
1st A ref'g mtge $12,500.0001 1906
5 g M-N
7,208,000 May 1 1936
gold ($1,000, $500, $250,lint, at Knickerbocker Tr.Co., N.Y., trustee,
$100 and $50)
cArJ
or Nat. Provincial Bk. of Eng.. London.
Mich Tract 1st mtge
/ 1901
5 g J-J
606,000 Jan 1 1921
$700,000 ($1,000) gold._c*(interest at New York Trust Co.. Trustee.
Michigan TracExt first mtge! 1903
5 g J-D
358,000 Dec. 1 1923
$500,000 ($1,000) gbld-.-c) Int. at Knickerbocker Tr. Co., N. Y., Trust.
Jackson A Battle Creek first)
1903
5 g J-J
1,200.000 Jan. 1 1923
STOCK AND BONDS—
Common. $6,000,000
Pref $1,000,000
$1,200,000 ($1,-)Interest at Citizens' Savings A Trust Co.,
-_c*J
Cleve., Trustee, or First Nat. Bk.. N. Y.
mtge) 1904
5 g M-N
790,000 May 11934
$1,000,000 gold ($100, $500 /Interest at Guardian Trust Co., New York,
and $1,000)-J
CJ
Trustee.
Bonds.—Of the $12,500,000 1st & ref. bonds,, $3,190,000 are reserved;
for prior liens, $2,102,000 reserved for additions, betterments and im¬
provements.
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.
mortgage,
000) gold
United Rys.
On the Michigan Traction Co.
LIGHT CO.—(.See Map on
19
1910 to carry out
gas, elec¬
the plan outlined in V. 90, p. 108,447, for amalgamating certain
tric light, power and street railway enterprises In Michigan.
Controls through stock ownership the
Consumers
Power Co.
ISaglnaw-Bay
public $22 403,300 bonds and $8,667,400 pref. stock.
The Michigan & Chicago Electric Ry. is constructing a line between Grand
Rapids and Kalamazoo in the interests of the Commonwealth Power, Ry. &
Light Co. and when completed is expected to form part of the system.
In
May 1913 it was authorized by the Mich. RR. Comm. to increase its stock
from $3,000,000 to $6,000,000 ($1,017,000 for cash), to issue $3,260,000
bonds to take
up
a
previously authorized issue, and later, when re¬
additional
bonds for new construction, &c.
V. 96, p. 1423.
Further Acquisitions.—On
May 15 1913 the shareholders approved a plan
(through exchange of new stock on basis shown in V. 96,
1296) of the outstanding capital stock of the Union Ry., Gas &Elee.
Co. and the Springfield (O.) Light Co. (V. 96, p. 1298) and the common
stock of the Michigan Railways Co. and for realizing $7,125,000 cash through
salecf $7,500,000 5-year 6% conv. bonds at 95.
See plan in detail in Y. 96,
p. 1296.
for tbe acquisition
p.
Capitalization after Issue of Aforesaid Securities.
Date.
Interest.
Outstanding.
Maturity.
*$15,500,000
See text
($100)— _-i.
Q-F
16,000,000
See text
Conv
bonds,
$10,000,0001 1913
6 M-N
7,500,000 May 1 1918
($100, $500 and $1,000)_c*/lnt. payable in New York and Philadelphia.
Coll notes $2,000,000.If 1912
5%
See text June 10 '13
tBankers Trust Co., New York, Trustee.
♦Under the plan. $2,500,000 additional common stock is to be issued
STOCK AND BONDS—
Common
($100)
May 1 1915 and $3,000,000 May 1 1916.
Pref. stock is redeemable at 105 and accrued dividends.
Bonds.—The proceeds of the conv. bonds were used (1) to retire the
$2,000,000 notes maturing June 10 1913: (2) for the acquisition of $2,100,000 pref. stock and approx. $1,500,000 notes of Mich. Rys. Co.; remainder
was
available for company's purposes.
Bonds are conv. (in amounts of
$1,000 or multiples thereof) on or after May 1 1916 into an equal amount
of pref. stock at par, and upon conversion bondholders will also receive
common stock equal to 30%
of bonds so converted.
V. 96, p. 1296,
1556.
Bankers Trust Co., N. Y., is trustee.
Dividends.—Quar. divs, of 1H % on pref. have been paid since organiza¬
First div. on
com.—1%—paid May 1 1913;
Aug. 1913, 1%.
REPORT.—The annual report for the year ending June 30 1913
found in V. 97, p. 440.
Condensed Earnings Statement for
Years ending June 30.
[Incl. earnings from May 1 1913 only on stocks
1912-13.
will be
acquired that date.
1911-12.
1910-11.
$1,015,539
$1,098,931
82,238
45,759
$1,655,515
$1,181,169
$1,061,298
on
Gross earnings
$90,186
129,094
Expenses and taxes
Interest paid
Dividends on preferred stock
Dividends on common stock
460,000
275,000
(2%)
$64,865
14,198
$33,225
360,191
359,830
Combined earnings for the 12 mos.
$5,825,822;
bond int., &c., $3,756,872; bal.,
$2,068,949.
PROPERTY, &C.—'Through its constituent companies owns and oper¬
ates electric railways serving 67 cities and towns with 889.03 miles of single
track; electric power and light companies serving 78 cities and towns with
sales during
1912.
1911.
$1,500,580
849,361
975,528
tjieyear ended Feb. 28 1913 of 277,128,062 k. w. h.; 17 hydro¬
installed capacity of 69,930h.p.; 17 steam electric
electric plants with an
divs__.-
Pref.
1911.^
1912.
Deduct—
Int. & taxes—
$449,440
$571,426
60,000
60,000
$141,779
Revenue passengers carried in 1912, 21,677,797, agst: 19,347,293 in 1911.
RoIaD.—Operates all city lines In Jackson, Battle Creek, Kalamazoo
and Lansing and lnterurban lines between Jackson,
Battle Creek and Kala¬
mazoo, and between Jackson, Lansing and St. Johns, Lansing and Owosso,
and from Jackson to Grass Lake and Wolf Lake; total operated, 295 miles.
Through service between Jackson and Lansing b^gan in Nov. 1909.
The
Net earns._
Surplus...
$651,219
$674,043
$42,617
extension of the Pine Lake line from Lansing to Owosso (25 miles), construc¬
allied interests was placed in operation in July 1911.
A new line
being built between Grand Rapids and Kalamazoo.
Also operates the
line between Allegan and Battle Creek; railway, power and light proper¬
ties in Manistee and water powers, developed and undeveloped, on the
Manistee River and tributaries.—V. 88, p. 295, 1437; V. 90, p. 106, 914;
V. 91, p. 1026, 1096, 1157; V. 92, p. 1178; V. 93, p. 1787; V. 94, p. 68, 207;
V. 96, p. 1423.
'
;
■
' .
ted by
is
.
.
(2) 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
com. stock of the Commonwealth Pow., Ry. & Lt. Co., and the $6,000,000
com. for an equal amt. of new com. or $1,500,000 pref. and $4,500,000 com.
,
•
ORGANIZATION.—Incorp.
New
In
Jersey
June 29
„
.
_
1909 and ac¬
quired practically all of stocks of Springfield (III.) Railway A Light Co.
($3,000,000 stock;), the Rockford (111.) A lnterurban Railway Co. ($4,000,000 stock), the Peoria Light Co. ($2,500,000 common and $1,000,000 preferred)
and the Evansville Light Co. ($1,500,000 common and
51,000,000 pref.), iter plan in V. 88, p. 1501; also all the stock and bonds of
the Janesville Traction Co. ($125,000 stock, $50,000 bonds) and all the stock
($497,500) and all the 1st ref. bonds ($382,000) of the De Kalb-Sycamore A
Co.
The Evansville Light Co, owns
stock and $950,000 of the preferred stock of
Traction
lnterurban
the entire
the Public
Evansville Sc
Gas & Elec.
Lt. Co. and Evansv. Pub. Serv. Co.
On Oct. 14 1912 Circuit. Judge Wil¬
liam Blakey sustained the demurrer of the Pub. Utilities Co. in a suit
brought to dissolve the company, holding that the consolidation was in ac¬
cordance with the statutes (V. 95, p. 1040), and in Dec. 1912 he dismissed
the suit.
V. 95, p. 1747.
The Union Ry., Gas & Electric subsidiary
companies own and operate street railway properties in Springfield and
Rockford, 111., Evansville, Ind., and Janesville, Wis., and lnterurban
$3,000,000
common
Utilities Co. (incorp. June 1912), which company merged the
South. Ind. Trac. (see Elec. Ry. Sec. of May 1912), Evansville
lines from Rockford to Freeport
to
and Belvidere, 111., through
Beloit, Wis.,
Janesville, Wis., from De Kalb to Sycamore, 111., and from Evansville
Princeton and Patoka, Ind., and also gas and electric properties in
Peoria, Springfield and Pekin, 111.,
in De Kalb, Sycamore, Elmwood,
Illinois.
In March
1913
and Evansville, Ind., and electric plants
Washington and other smaller places in
notesjto pay for several small
V. 96, p. 717.
issued $1,500,000 3-year
acouisitions, improvements, &e
Date.
STOCK AND BONDS—
Common, $6,000,000
trust
mtge.
($500 and $1,000).
$4,000,000
Gold notes,
000)
Interest.
gold/
Outstanding.
Maturity.
See text.
July 13, 1 H
5,200,000 July 1 1939
$6,000,000
($100)--
Pref. 112,000.000 cum. ($100)
Collateral
$701,234
$741,914
$668,243
end. June 30 1913, grcss, $13,654,375;
Balance for replacements, depr., &c_
net, after taxes,
EARNINGS.—Including Jackson Consolidated Traction Co.:
Yrs.end.Dec. 31.'
to
stocks owned in sub.cos__$l,499,959
Miscellaneous earnings
155,556
Earnings
subject tojcalljln any amount
and Interest.
V. 75, p. 1147.
Dividends.—6% is being paid on pref. stock.
,
Preferred (6% cum)
tion.
•
Battle Creek bonds are
A
Oper. expenses
City Railway Co.
Rapids Ry.
Cadillac Water A Light Co.
Michigan Light Co.
[Grand Rap. Holland & Chic. Ry.
On Dec. 31 1912 constituent companies had outstanding in hands of the
$3,512,500
Jackson
after 10 years at 105
Gross earns .-$1,649,571
Grand
quired, to issue
^
of 5 % of gross earn¬
bonds at not to exceed 110;
securities.
V. 72 p. 391;
$35,000 Mich. Trac. 1st M. bonds and $146,000 Mich. Trac. Ext 1st M.
bonds were held in sinking fund in Sept. 1913 and are not included in the
58. i
ORGANIZATION.—Incorporated In Maine Feb.
*
•
bonds a sinking fund
ings commenced In 1903, to be used In buying
otherwise
to
be Invested In other standard
The
page
-
Jackson Consol Trac 1st
amounts above.
RAPIDS, MICH.
COMMONWEALTH POWER. RAILWAY &
and trolley system.
Michigan United Rys.—A third-rail
ORGANIZATION.—Incorporated In Michigan on March 31 1906 and
May 1 1906 took over the Michigan Traction Co., the Michigan Traction
Extension Co., the Jackson A Battle Creek Traction Co., and the Lansing &
Suburban Traction Co.
The Lansing A Jackson Railway Co. has also been
deeded to the Michigan Un. Rys.
In Oct. 1907 the Lansing So. Ry. was
Incorporated as a subsidiary company to build two miles of electrio railway
through Mason, Mich.
Stock, $50,000.
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
Trac. at an appraised value in 1930 and each 5 years thereafter.
In April 1911 leased for 5 years the Kal. Lake Shore A 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, 17m.,
and will equip It for electric operation. It Is stated that road will be extended
to Benton Harbor and fast boat service between that city and Chicago in¬
augurated.
V. 92, p. 1178.
on
1909
6Q-J
5 J-J
5,250,000
c*\Commercial Trust Co.. Phila., Trustee.
($5.
c
1913
5 M-S
1,500,000 Mar. 1 1916
Interest at Bankers Trust Co.,
tee, or at
Springfield Ry.& Light Co.—
...
company's office.
N. Y., Trus¬
*
.
...
RyALt coll tr mtge/ 1903
5 g J-D
3,743,000 June 1 1938
$5,000,000 gold ($1,000) c*/Fidelity and Columbia Tr. Co., Louisv., trus
Springfield Con Ry
consol] 1893 . 5 g J-D
750,000 June 1 1938
mtge $750,000, g ($1,000)o)Columbia Trust Co., Louisville, Trustee.
Sprgfd
58
ELECTRIC
REFERENCES
o
RAILWAYS
[Vol.
xcvii.
Alfred
Manistique
Railways
o,
M^SsMackana^
Railways under Construction
Escar
Cheboygan
Rogers!
Transmission Lines
^Petoskey
BH
Water Power
©
Alpena
Bellaire
\
Generating Plants
/eon
Sub-Stations
•
Bay
Jraylmg
~A^able^\
Frankfort
Roscomfnon
Interurban Railway and Electricity
STEEja
Gas
Water and
Harrison0
n
/
II
*
MUS
vr
i
^
SCO
Albany o
>•
C^H
ke.glo
\
Ji/cJcEDAR
S
iine
Monyoe o
^
0
PER6^C
oil LA
PAR!
SY«MORE>£
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saugatj
/iW
V
°
.
0
Princeton
Arbor
O
v
FV
A
2:^\ * ^HiSae \ ^rian
CHICAGO-
Bend
Angola0
;
TOLi
^
Valparaiso
Ottawa
„
„
I Bryan
V
„
>Knox
La Salle
Fremont
•
Warsaw
o
0
Kankakee
t-
^Toulon
;fe>|\
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0 Streator
0
Rochester
Rensselaer
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ROANOKE
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cuba*
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WASHINGTON
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Syfofokb
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Decatur
Logansport;
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Marion
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Green^lle
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Virginia
Winchester
Danville
Rockville
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Dayton^
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'Wilmington
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Nasliville
Robinson o
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Ki
0.
Louisville
>
0
Olney
Salem
^Vinoennes ^hoals
PoforoVinfor'
Waverly
Co'Jtogton
Vernon
Brownstown
Madisoi
Edwardsville/
3E. St. Louis
Hillsboro
(^CINCINNATI
.Sullivai
Vandalia^
electricity and heat
Shelbyyille
^
Carlinville0
cOLUMBl/^,
SPRINGFIELD
0
/^Richmond
,
V
\0
I
,
.
ELECTRICITY,
GAS AND HEATING
O
Crawfordsville/5oblesville
t!
/Newcastiel
o' NewportJ
i
Monticello
SPRINGFIELD
STREET RAILWAY,
Jacksonville
Belief ontaine
larysville0
Frankfort
o
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0
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Tiffin
lay
Ft. Wayneo
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»
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Clemens
c*nti*/?
gp
^
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a
ELECTRICITY
LESLIE
,HAF
Laporte
i6n>
ATf
\
:MasoN^.>ontiac© 1
Av?
Ev?
KflLB
rV-
JlliANCROrs
Ann
✓
Dixon
(S^
BYRON
—li
rO*V
'
Irf^ERNON
2\rDAwnonic GRAND^^T, B fg&SP M ORRICE
^granoviue ledge JTIL/^J^^shaftsburq
iegan
r,«°CBELVIDEHE
ll
i
'Ge"
,G^
Lapeer
flint
*
ROCKTONi
FREEPORT,
ft°^^cllO
v-0oe
ffi^mt.morris
n
a^osha
/BELOIT
Sandusky
f " * nr* e n m u th
B rid g e po
^
'
h
MACATAWA
JANESV1LLE
SAGlNAWt^nj
Ithaca0
SPRINGLA.
Grand Have
IS"
I
BAY C,TY
0 Caro
[TriftP
SPRINGS
"4!
K,
°|
\fjAfc
Q
°
jy-croton
muskeg0n\hvt4,3^=^^^0via
MILWAUKEE
Bad Axe
°
£!Li*4u»
v
Edmore
..
MADISON0^
Standish
p
e$ROGERS
Street Railway
pjJy
//
Coleman
„
II BIG RAPIDS
Hart
Water
Heating
I] ffe
-
.
Electricity )r^ Qjadwin
Baldwin
Sheboygan
/AS CITY
°
& CADILLAC
m
I
West Branch
City
.£>
MAN I
A
\
,
JODA
Interurban Railway
d
0 Atlanta
„
City
1
Kewaunee
®
•
raverse
*
Electricity Served
O
*
Onawa
Transmission Lines under
Construction
: ===
Maysville
_u.°
Belleville
PATOKA
^
O
Nashville
Corydon
Carmi
Eenton»
V
PRINCETON
Mt. Vernon
.Chester
S
,
Fairfieldc
,^°_T
„
_
* frankforj
.\i Louisville
®
evansville
0w I
i street and interurb/n rys^x\J
oShepherdville
<
.
fpsJ
**
.
Mt.Vernon
ELECTRICITJ^HEAJInj,
Lexington!
0
gas.
V*
lurphyboro
Perry villec
o
Harrisburg,
Jonesboro
Morganfield
Owensboro
Elizabethtown
Xfi Jackson"
**
O
0
Greenville
iVound/y^6^3
CaircPi
Showing Properties Controlled by
fC
Madisonville
1
Morgantowna
Paducah
Hopkinsville
O
o
Poplar Bluff ^
Russellyille
New Madrid %
H
v
MAP
CalhoUD
Commonwealth Power Railway
and Light Company
Sept. 15,
Murray'
1913
Interest.
Date.
STOCK AND BONDS—
Outstanding.
Maturity.
Rockford & Inter urban Ry .Co.—
&
Inter - Urban f 1902
5 g A-O
$1,324,000 Oct 1 1922
mortgages gold ($500 and (Interest at First Nat. Bk., N. Y., or at Con$1,000) $3,000,000
c*l tinen. & Com. Tr. & Sav. Bank, Chic, trus
Rockford
A
Freeport
first] 1903
5 g M-N
607,000 May 1 1923
mtge, $750,000,
gold, guilnt. at Con. & Com. Tr, A Sav. Bk., Chicago,
p & 1 ($1,000 A $500)__c* J
Trustee.
Rockford Bel A Janesvllle 1st] 1905
5 g A-O
1,000,000 Oct
11930
mtge, gold ($1,000), s f_o*[Int. at Cont. A Com. Tr. & Sav. Bk., Cblc.,
j
Trustee, or First Nat. Bank, New York.
De K alb-Sycamore & Inter urban Trac. Co.—
De
Kalb-Sycamore
Electric) 1907
J-D
106,000
1922
first mortgage
/Int. at Cont. A Com. Tr. A S. Bk., Chlo.,Tr.
Rockford
Peoria Light Co.—
Peoria
Lt. Co. coll. tr.
mtge.) 1906
2,500,000 July 1 1936
5 J-J
$5,000,000, g ($ 1,000)..c* [Bankers* Trust Co.,
Peoria Gas A Elec. Co. 1st) 1903
5 J-J
M. $2,500,000 g ($ 1,000) c* I Bankers' Trust Co..
Citizens Gas A Electric 1st Ml
1902
5 F-A 15
New York, Trustee.
2,500,000 Jan
1 1923
New York, Trustee.
175,000
1922
jlnt. at Merchants' Loan A Trust Co., Chic.
5200,000
Evansville Light
Co.—
1912
5 J-J
23,000 July 1 1942
(Commercial Trust Co., Phila., and Charles
Pub Util Co 1st lien & ref Mf
$10,000,000 ($1,000)
P. Lineaweaver. Trustees.
l
Pub.
Util.
cum.,
pref.
3,000,000]
5% July 1913 to Jan. ■
.
2,200,000 July'13,2 y^%
1915, 6% thereafter
Pub Util coll tr notes $1,615,-f
1913
6 g M-S
1,615,000 Mar 1 1916
000 ($5,000) g
c*(Int. in N. Y., Phila. and Evansville.
Callable at par and interest (Guaranty Trust Co., New York, trustee.
Evansv. Pub. Serv. Co. 1st!
1910
6 J-D
14,700 June 1 1930
J Int. at Merc. Tr. A Sav. Bk., Evans., trustee.
con.) 1907
5 g J-J
49,000 Jan
1 1937
M $4,000,000 g ($1,000) c*/Commercial Trust Co., Phila., trustee.
Evansville EI. Ry 1st mtge,]
1901
4 g M-N
1,200,000 May 1 1921
$1,200,000, gold ($l,000)c*/lnt. at Farmers' L. A Tr. Co., N. Y., trustee.
Evansv & Prince 1st mtge,]
1903
5 g A-O
340,000 April 1 1923
$400,000,
gold
($1,000), Int. at Clt. Sav. & Tr. Co., Cleve., Trustee,
sinking fund
cArj
or at First National Bank, New York.
Evansv Gas & El Lt 1stAref f 1902
5 J-D
1,240,000 June 1 1932
M, $1,250,000, g ($l,000)o*( Int. at Cont. A Com. Tr. A Sav. Bk., Chic.,
mtge. $500,000
Evansv. & So. Ind.
1st
I
Trustee, or at First Nat. Bk., New York.
Stock.—Pref. stock Is subject to call at 105 and
'Bonds.—The Union Ry., Gas A
accrued dividends.
Elec. coll. trust mtge. Is secured by de¬
posit of practically all stocks (com.Apref.) of subsidiary cos.
Additional
ponds may be Issued only under rigid restrictions (V. 89, p. 226).
Interest
Is payable at Hodenpyl, Hardy A Co., N. Y., and E. W. Clark A Co., Phila.
Bonds redeemable at par A Int. on 60 days' notice.
Thev 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 100 and int. oh 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, $507,000 are reserved for addi¬
and improvements to constituent companies and
$750,000 for
prior liens.
The bonds are subject to call on 60 days' nqtice at 107J^ and
int.
Interest is payable at Columbia Trust Co., Louisville, and at Hoden¬
pyl, Hardy & Co., New York, and E. W. Clark & Co., Philadelphia.
Int.
on Springf. Con. Ry. bonds is payable at Fidelity and Columbia Tr. cos.,
Louisville, and at Hodenpyl, Hardy & Co., N. Y.
Rockford <fc jLnterurban Ry. Securities.—Sinking fund on Rockford A
tions
gross receipts commenced In 1908.
$124,reported outst'g above are held in the skg. fd.
for extensions and improvements at
85% of cost.
The entire Issue Is subject to call at 105 and Interest.
The
Rockford A Freeport bonds are assumed, prln. and Int., by the Rockford A
Inter-Urban Railway Co.; $18,000 are held In sinking 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
Belolt A Janesvllle bonds begins In 1915 of 2% of gross earnings of that
division.
They are subject to call at 102 H and Interest.
They are guar¬
anteed, p. As I
b" the Rockford A Inter-Urban.
Peoria Light Co. Securities.—$2,500,000
Peoria Light Co. bonds are
reserved to retire a like amount of Peoria Gas A Electric 1st mtge. bonds;
They are secured by deposit of all (except directors shares) the stock of
Cent. 111. 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
6 Co., New York.
Peo. Gas & El. bonds sink., fund of 5% of gross earnings
began Jan. 1 1910.
S. f. may be used by company for additions to property
against which no bonds have been Issued
Of Citizens' Gas A Electric
bonds, $25,000 have been retired through sinking fund.
Evansville Light Co. Securities.—Of remaining Publlo Utilities CO. ref.
mtge. bonds, $4,358,000 are reserved for prior liens and $4,700,000 are for
add'ns and impts. $918,000 6f the $942,000 bonds issued are pledged to se¬
cure
P. U. notes.
Interest at Hodenpyl, Hardy & Co., New York.
Callable on any interest date at 107% and interest.
The Evansville
Gas & Electric Light Co. must call at 105 and int. $10,000 annually on
June 1 1913 to 1922 Inclusive and $15,000 on June 1 1923 to 1932 inclu¬
sive.
$10,000 have been retired.
They are subject to call at 105 and
Interest.
Of the Evansville & South. Indiana 1st consol. bonds, $1,600,000 are reserved for prior liens.
The Evansville & Princeton first
5s have a sinking fund of $10,000 per annum, which began April 1 1908
said fund to be Invested In the bonds at 105 beginning with No. 1.
$60,000
have been redeemed.
Whole Issue of these bonds may be called at any time
at 110 and Int.
Geo. B. Denlson of Cleveland Is co-trustee of this mtge.
Evansville Elec. Ry. bonds cannot be called.
The Evansville Pub. Serv.
Co. has made a mtge. to the Bankers Trust Co., N. Y., to secure an issue
of $1,000,000 bonds.
It is said, however, that none of the new bonds will
be placed on the market.
V. 96, p. 1301.
Dividends.—First diy,, 1K%, on pref. paid Oct. 1909 and sarpe amount
quar.
since to and incl. July 1913.
First div. on com.—1%—paid
April 1 1913; July, 1%.
."
EARNINGS.—Combined earnings of subsid. cos* for 12 mos. end.
June 30 1913; gross, $4,545,575; net, after taxes, $1,981,611; int., &c.,
$1,140,932; pref. div., $315,000; surp., $525,679.
Inter-Urban
bonds
of
000 of bonds in add'n
Additional
bonds
5%
of
to those
can
be
issued
operates 33 miles of trolley In Rock¬
ford, 13 miles between Rockford and Belvldere; also 28 miles of Rockford
A Freeport Electric Ry. between points named In title, and 35 miles be¬
tween Rockford, III., and Belolt and Janesvllle, Wis.
Total, 109 miles.
Springfield Ry. ALt. Co. operates 39.6 miles In Springfield. Janesvllle Trac.
Co. operates 5 m. in Janesvllle, Wis., and De Kalb-Sycamore & Inter Trac.,
7 m., connecting De Kalb and Sycamore, 111.
Public Utilities Co. operates
abt. 65 m. In Evansville and between Evansville. Princeton and Patoka.Ind.
ROAD.—Rockford
A Inter-Urban
..'OFFICERS.—Pres., Anton G. Hodenoyl, New York; V\-P., Clarence
M. Clark, Phila.; V.-P. A Sec., Geo. E. Hardy, N. Y.; Treas. A Asst. Sec.,
Jacob Hekma, N. Y.; Asst. Treas., 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.
(3) Springfield (O.) Light Co.
Under the acquisition plan, the company's $500,000 common
and $500,-
like amounts of new common and pref.
Ry. & Lt. Co.
ORGANIZATION.—Incorp. in Maine in April 1913 and controls the
Springfield Light, Heat & Power Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
futurity.
000 pref. stock is to be exchanged for
stocks of the Commonwealth Pow.,
Common
Preferred
Spring Lt Ht & P gen & ref M
$5,000,000 ($1,000).
Red
$500,000
500,000
1913
5 A-O
300,000 April 1 1933
Int. at N. Y. and London.
Mich. Tr. Co.,
Hefferan, Trus.
750 000 Feb 1 1929
Grand Rapids, and Geo.
at 105 and interest
Spring Lt Ht & P 1st M
J 1909
5 F-A
Bonds.—Sufficient gen. and ref. bonds are reserved to retire at or before
maturity the outstanding 1st M. bonds.
(4)
Grand
V. 96, p. 1298.
Rapids Ry.—Trolley.
All the common stock Is owned by Com.
ORGANIZATION,
company
Pow. Ry. & Lt. Co
Ac.—Incorp. In Mich. In April 1900 as a successor
Ry.
Owns all street railway properties of
Franchises expire in 1920, in 1921 and in 1929.
to the Consolidated St.
Grand Rapids and vicinity.
Possible Municipal
Ownership.—On Oct. 1 1912 a commission was ap¬
pointed by Mayor Ellis to study the question of street railway transporta¬
tion.
59
ELECTRIC RAILWAYS
Sept., 1913.]
V. 95. p. 891.
,
STOCK
AND
Date.
Interest
Outstanding.
Maturity
($100)__A11 owned by Com. Pow., Ry. & Lt. Co.
BONDS—
Stock com $2,000,000
$2,000,000 cum 5% ($100)
Q-F
1,500,000 Aug '13, 1 X
Grand Rap Ry Co 1st mtgel
1900
5 g J-D
3,147,000 June 1 1916
$3,500,000 gold ($1,000) c*jInterest at New York Trust Co., Trustee.
Bonds. &,c.—Of the new mortgage for $3,500,000, $353,000 have been re¬
Prel
by sinking fund.
Sinking fund became operative on Oct. 1 1905,
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 Stock
Exchange.
Dividends.—Dividends on preferred stock are cumulative and 1M %
quarterly has been regularly paid up to and including Aug. 1 1913.
REPORT.—For cal. years.
Pass, carried in 1912, 31,481,909.
Year—
Gross.
Net (aft. Tax.) Interest.
Pr f Div.
Surplus
1912
$1,233,588
$532,206
$174,073
(5%)$75,000
$283,133
1911
1,169,393
509,115
179,388
(5%) 75,000
254,727
ROAD.—Owns and operates 64.59 miles of track, 141 motor pass, cars
and 15 trailers; 13 work cars and 1 electric locomotive.
OFFICERS.—Pres. and Gen. Mgr., B. S. Hanchett, Grand Rapids;
V.-Ps.,.C. M. Clark and Lester J. Rindge; Sec. A Asst. Treas., L. J. Do
Lamarter;
Treas. A Asst. Sec., G. L. Estabrook, Philadelphia.
Office,
Grand Rapids, Mich.—Y. 84, p. 220, 749; V. 85, p. 40; V. 95, p. 891.
tired
-
(5)
Saginaw-Bay City Railway Co.
directors' shares) Is owned by Com. Pow.,Ry. ALt.Co
ORGANIZATION.—This company Is a consolidation of the Saginaw
Valley Traction Co. and railway dept. of the Bay City Traction A 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. (l Maturity.
Stock, $2,600,000__;
All owned by Commonw. Pr. Ry. A Lt. Co.
Entire stock (except
First and refunding
mortgage)
5 M-S
1910
$1,150,000 Mch
1 1935
$5,000,000 ($1,000)
c* (Michigan Trust Co., Grand Rapids. Trustee
Saginaw Valley Trac 1st M,J 1899
5 g F-A
752,000 Feb 1 1920
$850,000, g ($1,000 each)c*)Int. at Boston Safe Dep. A Tr. Co., Trustee
Bonds.—Of the 1st A ref. bonds $850,000 are reserved to retire Sag. Val.
Trac. bonds; remainder for 85% of cost of additions, Ac.
They are red. on
Int. date after Mar. 1 1915 on 60 days' notice at 105 and Int.
Int. at
Hodenpyl, Hardy A Co., N. Y.
A sinking fund of $8,500 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 107 H and Int.
Sinking fund
held on July 1 1913 $87,000 of bonds;
$11,000 are also owned by Com¬
monwealth Power, Ry. A Light.
EARNINGS.—For 12 months ending Dec. 31 1912, gross, $628,362; net.
after taxes, $218,219.
ROAD.—Operates about 59 miles of street railway track in Saginaw and
Bay City, incl. interurban line between the two cities.
OFFICERS.—Pres., B. C. Cobb; V.-Ps., H. T. Wlckes, J. E. Davidson
and E. J. Bechtel; Sec., F. C. Potvin; Treas., A. B. Simoneau; Asst. Sec. A
Asst. Treas., S. E. Wolff.—V. 94, p. 983; V. 95, p. 298, 481.
any
_
Michigan Light Co.
is owned by Com. Pow. Ry. A Lt. Co.
ORGANIZATION.—Incorp. In New Jersey In Deo. 1904.
Owns entire
stocks of the following companies:
Flint Gas Co.,
Jackson Gas Co.,
Saginaw City Gas Co.,
Kalamazoo Gas Co
Bay City Gas Co.
Pontiac Light Co..
Interest.
Outstanding.
Maturity
STOCK AND BONDS—
Date.
$2,500,000
Common $3,000,000...
Q-J
2,144,000
See text
Preferred 6% cumulative
1901
5 g M-N
750,000 May 11916
Sag City Gas 1st M, $1,000,000, g ($500 A $1,000)-.c*! Int. at Mich. Tr. Co., Grd. Rap., trustee.
5 g J-D
375,000 June 1 1920
Bay City Gas 1st M, $500,000) 1900
Interest at New York Trust Co., trustee.
g ($50Q & $1,000)..--.-cr
1904
5 M-N
500,000 Nov 1 1924
Flint Gas Co 1st M, $500,0001
($500 A $1,000)
0*1 Int. at Mich. Tr. Co., Grd. Rap., trustee.
1897
5 A-O
350,000 April 1 1937
Jackson Gas Co mtge, $350,-J
000 gold ($l,000)..J._.o*] Illinois Trust A Sav. Bank, Chic., trustee.
1900
5 J-J
400,000 Jan
11920
Kal Gas Co 1st M. $450,0001
($1,000)
0*1 Int. at Mich/Trust Co., Grd. Rap., trustee.
1902
5 J-J
209,000 Jan
1 1927
Pontiac Light Co consol mtge)
5230,000, g. ($1,000)....*1 Int. at Mich. Trust Co., Grd. Rap., trustee.
(6)
All the common stocx
,
Bonds.—$107,000 and $125,000, respectively, of bonds of Sag. City Gas
1st M. and Bay City Gas 1st M. are Issued In addition to amounts shown
above, and are owned by Mich. Light Co.
Bay City and Jackson bonds are
red. at 110 A 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 A Co., New York.
EARNINGS.—For 12 mos. end. June 30 1913: gross, $1,520,257; net,
$698,612; fixed charges, $187,970;
Dividends
on
pref. divs., $128,640; bal., $382,002.
pref. have been paid regularly since organization.
PROPERTY.—Constituent companies own and operate the gas proper¬
ties In Jackson, Kalamazoo,
Pontiac, Flint, Saginaw and Bay City.
OFFICERS.—Pres., Anton G. Hodenpyl, N. Y.; V.-P. A
Hardy, N. Y.; V.-P., Claude Hamilton,
Jacob Hekma, N. Y.
Sec., Geo. E.
Grand Rapids; Treas. A Asst. Sec.,
(7) Consumers' Power Co.
Ry. A Lt. Co.
ORGANIZATION.—Incorporated In Maine In 1910.
Owns all the com.
stocks of Commonwealth Power Co., Grand Raplds-Muskegon Power Co.
(owning entire com. and majority of pref. of Grand Rapids Edison Co.),
Flint Elec. Co., Saginaw Pow. Co., Bay City Pow. Co., Pontiac Pow. Co.,
Consumers Pow. Co. (Mich.) and Au Sable River property and rights.
Decision.—For decision of U. S. Circuit Court holding valid certain pur¬
chases by the Saginaw Power Co., see V. 94, p. 1510.
Interest.
Outstanding.
Maturity
STOCK AND BONDS.
Date.
All the com. Is owned by Com. P.,
$10,000,000
Common $10,009,000
Pref $10,000,000($100)6%cum
1st A ref M, $35,000,000 gold f
($1,000)
__.o*
•_
Com'w. Pow. 1st M, $4,000,000 g
sink fd ($1,000) „.c*
Gr
Rap-Musk
Pow
1st M
$7,500,000 gold.
Grand Rap Ed Co 1st mtge g
($1,000) sinking fund
c*
Int.
at
A ref.
Tr.
Harris
11,560,000 Jan
1 1936
A Sav. Bk., Chicago,
trustee, or Harris, Forbes A
5 J-«
1,222,000
1904
Co., N. Y.
Deo
11924
Int. at First Trust A Sav. Bk., Chic., trustee.
1906
5 M-S
808,000 Mch 1 1931
Int. at 1st Tr.AS.B., Chic., or
1902
lstN.B.,N.Y.
May 1 1916
777,000
5 M-N
Int. at Am. Tr. A S. B., Chlo., trustee.
Gr Rp Ed Co underly'g bonds.
Stock.—Pref. stock Is red. on and after
Bonds.—Of 1st
See text
5,500,000
Q-J
5 J-J
1911
10,000
Jan. 1
1920 at 105 and accd.dlv.
bonds. $2,817,000 are reserved to retire
underly¬
ing bonds; remainder are reserved under certain restrictions for extensions
and additions at 80% of cost. ' Subj. to call on Jan. 1 1916 or any lnt, 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.•
June 30 1913: gross, $2,998,584; net,
&c.f $653,391; pref. div., $288,500;bal ,
EARNINGS.—For 12 mos. end.
after
taxes,
$1,394,566; Interest,
$452,675.
PROPERTY.—Constituent cos. own and operate electric light and power
properties In Grand Rapids, Kalamazoo, Jackson, Flint, Saginaw, Bay City,
Muskegon, Albion, Owosso and a number of inter¬
mediate cities and towns.
Hydro-electric plants have about 66,000 h. p.
and steam plants about 57,000 h. p. capaolty.
Total generating capacity
Pontiac. Battle Creek,
about 123,000 h.
p.
V.-P., E. W. Clark, Phila.
A Asst. Sec., Jacob Hekma,
90, p. 1680; V. 92,
1683.
OFFICERS.—Pres., W. A. Foote, Jackson;
V.-P.
N.
p.
A Sec.,
Geo. E. Hardy, N. Y.; Treas.
Y; .Asst. Treas., C. A. Pearson Jr., Phila.—V.
61, 465, 526, 1438; V. 94, p. 354, 1510; V. 95. p.
(8)
Cadillac Water & Light Co.
Commonwealth Power, Light A Ry. owns
all the capital stock.
ORGANIZATION.—Incorporated In Michigan in 1905.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Stock $200,000 ($50).
First mtge, $200,000 ($500
-
Maturity.
$200,000
Af 1905
5 M-S
132,000 Sept 1 1925
$1,000) gold
c*]Int. at Mich. Trust Co., Grd. Rap., trustee.
Bonds.—Subj. to call at 102. Sink. fd. $4,000 per annum began Sept. 1
1906.
$4,500 bonds are owned by Com. P. Ry. A L., $18,000 are owned
by co. and $33,000 have been retired.
\
PROPERTY.—Owns electrlo and water plants In Cadillac.
OFFICERS.—Pres., W. M. Eaton, N. Y.; V.-P., W. A. Foote, Jackson;
Treas. A Gen. Mgr., G. D. Westover, Cadillac; Sec., W. J. McCoy, Cadlllao;
Asst. Sec. A Asst. Treas., S. E. Wolff. N. Y..,^.
•
•
...
60
ELECTRIC
KEY
o
©as
x
Meetrk
TO
RAILWAYS
[Vol.
xcvn.
PROPERTIES
fcmly)
(only)
©as and Electric
0
©as, Bfeetok and Railways
5S
TftStmban Railways and Terminals
A
Kasraad Railways
¥
|Str««**nd Jnterurban)
,
^
Hlwtrmn
/
n\
'McDonough
\Q/—r\ V
Iowa & Illinois Ry. and Icwa City
(9) Grand Rapids Holland & Chicago Ry.
organization on Aug. 1 1904 of the Grand Rapids Holland ds Lake Michigan
Rapid Ry.
See V. 79, p. 627.
Power Is supplied to company by Grand
Rapids-Muskegon Power Co., but company maintains own station In readi¬
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.
Maturity.
$487,000
836,800
1st mtge. Grand Rapids Holl
1900
5 g F-A
1,475,000 Aug 1 192(1
& Lake Mich, $1,500,000,lint, at American Tr. & Sav. Bank, Chicago,
gold ($500 and $1,000)
J
Trustee, or at Guaranty Trust Co., N. Y.
Bonds.—A sinking fund Is provided of $5,000 per annum for first 5 years,
■$10,000 per annum for second 5 years, $15,000 yearly for third 5 years and
$25,000 per annum for fourth 5 years.
Bonds are not subject to call,
v
RC AD.—Operates 75 miles of track from Grand Rapids through Holland
to Macatawa and Saugatuck, with steamer connection at Holland for Chlo.
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.
AND
Date.
BONDS—
Interest.
Light & Power Co.), gross, $5,698,929;
net, aft. taxes, &c., $2,361,274; int., &c., $1,209,121; net profit, $1,152,153.
Earnings of United Lt. & Rys. for year end. June 30 1913, earns, avail,
on stocks owned, $1,049,930; receivable on investments, $206,014; misc.,
Lt. Co. owns all the pref. and practically all the com.stk
ORGANIZATION.—Incorporated In Michigan In July 1904 and Is a re¬
Com. Pow. Ry. &
STOCK
61
ELECTRIC RAILWAYS
Sept.. 1913. |
$58,680; total, $1,314,624; expenses, $79,930; int., $343,978; pro rata dlvs.
1st & 2d pref., $444,821; balance, surplus, $445,895.
OFFICERS.—Pres., Frank T. Hulswit, Grand Rapids; V.-Ps., Richard
Schaddelee, Grand Rapids; J. F. Porter, Davenport, la.; Sec. & Treas.,
Benj. C. Robinson, Grand Rapids; Asst. Sees. & Treas., L. H. Heinke and
O. M. Hurd, both of Grand Rapids.
Main office, Chicago; operating head¬
on
Outstanding.
quarters, Grand Rapids.
Operating headquarters for Iowa district, Daven¬
port, la.—V. 91, p. 96, 519; V. 92, p. 882, 1110; V. 94, p. 69, 209, 769, 1250.
1385, 1628; Y. 95, p. 49, 421, 819; V. 96, p. 421, 488, 555, 1490; V. 97,
•Common, $500,000
Pref, $850,000, 6%
178, 300.
p.
.
Rapids
Grand
(1)
Haven
Grand
Third-rail system.
&
Ry.—Electrio
Muskegon
road
•
ORGANIZATION.—Incorporated in Michigan on March 6 1899.
Owns
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.
STOCK AND
Date.
BONDS—
Outstanding.
Interest.
Maturity.
$1,200,000
Stock, $1,200,000 ($100)
$1,500,000 ($1,000)1 1901
5 g J-J
1,500,000 July 1 1926
gold
-_c*flnt. at Standard Trust Co., N. Y., Trustee.
Bonds.—The Interest on outstanding bonds was guaranteed for 5 years
by the Security Investment Co. of Pittsburgh.
See V. 76, p. 479.
EARNINGS.—For 12 mos. ending Dec. 31 1911, gross, $317,864.
In
1910, gross, $294,311; net, $109,541.
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
of steamers 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, mall and American Express business.—V
94, p. 207.
1st mtge,
(10)
Saginaw & Flint Ry.
Practically all the stock and bonds
owned by Comm. Power, Ry. & Lt. Co.
ORGANIZATION.—Incorporated In Mich, on Aug. 20 1908. Is successor
Saginaw Ry., sold at foreclosure. V. 87, p. 678; V. 90,
to the Detroit Flint &
Franchises between Saginaw and Flint are perpetual
Has terminal
agreement with Saginaw-Bay City Ry. and Detroit United Ry.
Fare Decision.—in Nov. 1912 the Genesee Circuit Court, in a suit brought
p. 168.
by the company, held that the company must put Into effect a 5-cent fare
within the entire city limits as extended by the annexation of a large amount
of territory.—V. 95, p. 1404.
•
Date.
STOCK AND BONDS—
Stock
($100)
Interest.
-
Outstanding.
$1,000,000
Maturity.
$1,500,000 ($500\ 1908
5 g F-A
800,000 Aug. 1 1938
and $1,000) gold
c*/Int. at Detroit Trust Co., Detroit, trustee.
Bonds.—Unissued bonds are reserved under rigid restrictions for exten¬
sions and Improvements.
Sinking fund, beginning Aug. 1 1915, Is estimated
to retire $1,300,000 by maturity.
Fund may be Invested by purchase of
bonds at not exceeding 103 and Int.
V. 90, p. 168.
First
mtge
ROAD.—Operates 29.63 miles between Saginaw
mlle extension to
Frankenmuth.
90, p. 168; V. 92, p. 119;
and Flint and a 5.35-
Total mileage owned, 34.98
miles.—V.
V. 95, p. 1404.
UNITED LIGHT & RAILWAYS CO.—(Sec Map, page 60.)
ORGANIZATION.—Incorporated In Maine In July 1910, per plan In
91
p. 96
Has acquired the following companies;
Iowa City Light & Power Co.
Cadillac (Mich.) Gas Light Co.
Iowa & Illinois Ry.
Cedar Rapids (la.) Gas Co.
La Porte (Ind.) Gas & Elec. Co.
Cedar Rapids & Marion City Ry. Co.
Mason City & Clear Lake RR.
Chattanooga (Tenn.)
Gas Co.
Ottumwa (la.) Gas Co.
Fort Dodge Gas & Elec. Co.
People's Gas & Elec. Co., Mason C'y.
Gr. Rap. Gr. Hav. & Musk. (Mich.)
TrI-Clty Railway & Light Co.
Ry. Co.
V.
Rapids Grand Haven & Muskegon Ry. was acquired in
1912. V. 94, p. 209.
The Tri-City Ry. & Light Co. was taken over in
1912; V. 94, p. 769.
The Cedar Rapids & Marion City Ry. Co.
acquired in July 1912.
The Grand
Jan.
June
was
In Feb. 1913 purchased the People's Gas & Electric Co., the Mason City
the Iowa City Light & Power Co.
In 1913 also
acquired the Iowa & Illinois Ry.
OPERATIONS.—Does entire gas business in Davenport, Cedar Rapids
(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, 111.; and Chattanooga, Tenn.;
entire electric-light and power business in Davenport, Ft. Dodge, Iowa
City, Mason City and Muscatine, la.; Rock Island, Moline and East
Moline, 111., and La Porte, Ind.
Has hot water and steam heating system
in Davenport and Mason City, la., and La Porte, Ind.
Operates street
railways in Cedar Rapids, Marion, Mason City, Muscatine and Davenport,
la., and Rock Island, Moline and East Moilne, 111.; interurban railways
are
operated between Cedar Rapids and Marion, la.; Mason City and
Clear Lake, la.; Davenport and Clinton, la.; Davenport and Muscatine,
la.; Davenport, la., and Rock Island, Moline and East Moline, 111., Grand
Rapids, Grand Haven and Muskegon, Mich.
Majority of franchises
extend to 1929, 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 $100) com. for $1,000.
V. 91, p. 519; V. 92, p. 1110.
Maturity.
Outstanding.
STOCK AND BONDS—
Date.
Interest.
See text
$6,303,875
Common $12,500,000 ($100)__
1st
pref $12,500,000 ($100)1
7,348,400 Oct.'13, 1H
6% cum...
/
Q-J
& Clear Lake RR., and
2d pref
$5,000,000 ($100) 3%1
3,005,280 Oct.'13,
*A
/
Q-J
5,221,000 June 1 1932
c*/„1912
5g J-D
_lNew York Trust Co., N. Y. .trustee.
220,000 Jan
1 1915
Note
1913
6%
500,000 Jan 1 1916
Note
1913
6%
100,000 Feb 1 1925
Cad Gas LtC 1st M $100,0001 1905
5 F-A
Grand Rap., Trustee.
(call at 105 & int)
jlnt. at Mich. Tr. Co
616,000 Jan
1 1927
Chattanooga Gas first mtgef 1907
5 J-J
$1,500,000 g ($l,000)_^.c*(lnt. at Con. & Com.Tr. & Sav. Bk., Chicago,
(.
Trustee, or First Nat. Bank, New York.
Chatt Gas Co pf stock ($100)..
6 Quar »
500,000
—
Iowa City Light &
Power f 1912
5 M-S
400,000 Sept 1 1932
refunding
mortgage
$l,-( Interest at Continental & Comm'l Trust &
000,000 ($1,000)
c*l
Sav. Bank, Chicago, trustee.
Iowa City Gas & Electric lstj 1909
6 M-N
265,500 See text.
mortgage $400,000-_.i-__\Int. at Chic. Tr. & Sav. Bank, trustee.
People Gas & El l$t ref M—1 1901
5 A-O
.119,000 April 1 1916
$150,000
Jlnt. at First Tr. & Savs. Bk., Chicago.
Peoples Gas & El Gen Mtgel 1906
6 A-O
370,000 April 1 1931
$500,000
Jlnt. at Central Tr. Co., Chicago, Trustee.
For securities covering railway properties see separate companies below.
Stock.—1st pref. stock is red. at 105 and accr. dlvs.
2d pref. stock Is
conv. at option of holder into 1st pf. or com. stk, share for share, (a) $835,000
Oct. 1 1913, (b) balance June 15 1915.
Com. 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. & Sav. Bk., Chicago.
Additional bonds may be issued for re¬
funding underlying bonds and for 75% of par value of pref. stock of under¬
lying companies redeemed or purchased, 75% of cost of betterments,
lmpts. «fc 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 102 K & Int. on
60 days' notice.
Bonds have a depreciation fund beginning 1917 of 2% on
all bonds out, but a portion cf the earns. to 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 $15,000 per annum from 1912 to 1926, incl., on 1st $500,000
bonds and 2% additional on any further bonds issued.
Subject to call at
cumulative
First & ref M
& $1,000
gold ($1,000
& mult. r*)_
—
,
V. 84, p. 805.
Of the Iowa City Lt. & P. Co. bonds,
105
& int.
$265,000 are reserved to retire
1927, and $135,000 in 1928.
Subj. to call at 105 and int.
int. date after May 1 1919.
Add'l bonds may be issued for 80% of
and betterments.
The Peo. Gas & Elec. 1st ref. M. bondsnre
1 1912 to May 1
on any
cost of exts.
retired $3,000 annually by sinking fund; may be
on
any
called at 105 and int.
int. day.
The two notes dated
from earnings and are redeemable at any time
deposit of collateral.
Sk. fd.
on
Chatt.
to be retired
and are issued without the
1913 for $220,000 and $500,000 are
1st
Subject to call on
Gas bonds of $15,000 per ann. 1912 to 1926 on
$500,000 issued, and 2% additional on
further issue.
after Jan. 1 1927 at 105 and int.
/
and H%, respectively, have been paid quar. on 1st
1911 to and incl. July 1913. As to stock div. on
common, see V. 94, p. 1250.
An initial div. of 4% on the common stock
was declared payable in equal quar. installments beginning March 1913.
ojr
Dividends of 1H%
and 2d pref. since Jan.
^SEARNIN§S.—bt
(incl.
tor full period
RR.,
subsidiary cos. for 12 mos. end. June 30 1913
the Peoples' Gas & El. Co. .Mason City & Clear Lake
and
1933
In
1943.
April 1913 it was reported that the subsidiary
People's Light Co. had
increased its auth. capital stock from $1,500,000 to $2,500,000.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $9,000,000
($100)
($100)
$9,000,000
3,000,000 Apr.'13, IK
6 Q-J
Pref $.1,000,000 6% cum
1906
5 g A-O
8,039,000 Apr 1 1923
$9,000,000 s f gold-_c&r)Int. at N. Y. Trust Co., N. Y., Trustee.
1st & ref mtge $20,000,0001
1910
5 g J-J
4,101,000 July 1 1930
Coll trust first lien mortgage!
c*&r*/Int. at Central Trust Co., N. Y., Trustee.
gold
Tri-City
1902
Railway
54,000 Sept 11922
April 1 1917
See V. 82,
5 M-S
Citizens' Ry & Lt Co($500)c* 1902
5 A-O
303,000
Stock.—Pref. stock is redeemable at 120 and accum. divs.
p.
1213.
Listed on Montreal, Toronto and Louisville Stock Exchanges.
Bonds.—Of the $9,000,000 coll. trust bonds, $250,000 have been retired
by sink. fd.
Subj. to call on any int. date at 105 and int.
A sink, fund
of $50,000 per ann. from Jan. 1 1908 to 1913; $150,000 for succeeding 5 yrs.;
then $250,000 per ann. to maturity.
Coupon bonds are in denomination
of $1,000 and registered bonds in $1,000, $5,000 or $10,000 and multiples.
They are listed on N. Y. Stock Exchange.
Of the 1st & ref. bonds, suf¬
ficient are reserved for prior liens, and remainder for 85% of cost of ad¬
ditions and improvements.
Subject to call at 105 and int. on any int
date.
Sinking fund of \\i% of bonds out begins Feb. 1 1924.
V. 93,
p. 1465.*s>c
Citizens'Ry. & Lt. Co. bonds subj. to call on any int. date at 110 and
int.js, Int. at Cleve. Trust Co., trustee, or Nat.
Bk. of Comm., N. Y.
Dividends.—First div. on pref., 1M%, paid July 1906, and 1K% quae
Apr. 1913.
^
since to and including
mos. end. Dec. 31.
Report for 1911, V. 94, p. 1444.
Gross. Net aft.Taxes. FixedChgs. Sink.Fd. Dividends. Surplus.
$2,707,472 $1,155,962
$527,889
$50,000
$169,572 $408,501
1910
2,513,487
1,031,519
481,408
50,000
169,572
330,539
In 1911, $100,000 was set aside from above surplus for renewals.
REPORT.—For 12
Year—
1911
ROAD.—Operates over 123 miles of standard-gauge track, connecting the
la., and Rock Island, Moline and East Moline, 111.;
an extension to Muscatine, placed In
operation In 1912.
80-lb.
cities of Davenport,
including
girder and
60 to 75-lb. T rail.
As to operating contract with Iowa 8c
remarks under that company and United Light & Rys. Co.
Illinois Ry., see
OFFICERS.—Pres., J. F. Porter, Davenport;
V.-P., Richard
Schadde¬
lee, Grand Rapids; V.-P., H. R. Tobey, N. Y.; Sec., J. 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.
Cedar Rapids & Marion City Ry.
(3)
ORGANIZATION.—Incorp.
May 1891 in Iowa.
Rapids expires 1941 and indeterminate oh interurban.
Franchise in Cedar
»"
Outstanding.
Maturity.
Stock $1,000,000 ($100)
$650,000
First mtge $250,000 ($l,000)c/ 1891
5 J-J
184,000 July 1 1931
\Int. at Amer. Tr. Co., Boston, Trustee.
EARNINGS.—For 12 mos. end. June 30 1912,
gross,
$261,422; net,
STOCK AND BONDS—
Interest.
Date.
$77,764.
22.90 miles in length, extending from
Marion; second track, 2.28; sidings, 3.17; total of
Rails, 45, 60 and 80-lb. T.
ROAD.—Owns road in operation
Cedar Rapids, Iowa, to
all, 22.90 miles.
(4) Mason City & Clear Lake Railroad
1913 the United Light & Rys. Co.
ORGANIZATION, ETC.—A trolley road.
In Feb.
Owns right of way 33
Co.
acquired control.
Operated since July 1897.
feet wide from Mason City to Clear Lake, 9 miles.
Length of line within and between two cities, 18.6 miles.
Handles all
freight coming over Minn. & St. Louis, Chic. R. I. & Pac., Chicago & North
West, and Chic. Great West, railways between Mason City and Clear Lake.
Franchises run until Oct. 31 1935.
-
gold! 1897
cjlnt. at
$2,500,000 gold! 1912
c*/Int. at
mortgage
Interest.
Date.
STOCK AND BONDS—
Stock $1,000,000
1st
Srior
liens& and
for new
construction
at$9,000
85% of
cost. from
The Iowa
ity Gas
Elec.$334,500
bonds mature
serially
$4,000 to
annually
May
The Tri-City Railway & Light Co.—(See Map, page 62).
June
1912 control was acquired by the United Rys. & Light Co
(2)
In
Tri-City Ry. & Lt. com. stockholders received in exchange for their shares
$31.16 2-3 cash, $16.66 2-3 United Rys. 6%
1st pref. and $12.50 2nd
pref. 3% stock.
V. 94, p. 768.
ORGANIZATION.—Incorporated In Connecticut March 3 1906
and
controls through stock ownership the following companies:
Tri-City Railway Co.
United Light & Power Co.
Moline Rock Island & East. Tr. Co.
People's Light Co.
Moline E. Moline & Watert. Ry. Co.
Davenport Gas & Elec. Co.
People's Power Co.
Davenport & Muscatine Ry. Co.
Moline Rock Island Mfg. Co.
Citizens' Ry. & Lt. Co. of Muscatine.
Controls all gas plants, electric lighting companies and street railway
lines in the cities or Davenport, Muscatine, Bettendorf and Rockingham,
la., and Rock Island, Moline, East Moline and other smaller towns in
Illinois, and an interurban connecting Muscatine and Davenport.
Popu¬
lation served, approximately 132,209.
Railway franchises extend to 1930
and 1935; elec. franchises to 1935 and 1943 and gas franchises to 1929,
$100,000
Outstanding.
$400,000
6 J-J 15
Maturity.
10,000 Jan. 1 1917
111. Tr. & Sav. Bk., Chic., Trustee.
6 g J-D
320,000 June 1 1932
First Tr. & Sav. Bk., Chic., trustee.
Bonds.—Of the 1st mtge. bonds, a sinking fund retires $3,000 yearly at
103.
$36,000 1st ref. bonds are reserved to retire old 1st M. bonds; re¬
maining $2,170,000 bonds are for extens. and bett'ts at 75% of cost, pro¬
viding annual net earnings are 1 % times int. charge (incl. bonds to be is
($1,000)
General
M
($1,000)
sued.T
num
int. day. Sinking fund of 2% per an¬
provide for add'ns and bett'ts or for purchase of
Red. at 105 and int. on any
began June 1 1913 to
V. 94, p. 1764.
bonds.
EARNINGS.—For
$35,040.
year
ending June 30
In 1911, gross, $94,130; net,
1912,
gross,
$104,090;
net,
$40,939.—V. 94, p. 1764; V. 96, ».
420.
(5)
Iowa & 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.
Having completed its freight terminals in Davenport, company in 1913
entered Into a freight contract with Chic. & North Western Ry. for inter¬
change of traffic over entire Chic. & North Western system
V. 95, p. 680.
>
o
M
•
o
>
02
s
J
t—I
P3
O
i—i
H
O
w
J
W
©i
(2) Northern Massachusetts Street Ry,
ORGANIZATION.—Incorp. in Mass. on July 1 1894 as the Atbol7&
Name changed to above on May 1 1913.
In Jan. 1913
In Feb. 1913 entered into an agreement with the Davenport & Musca¬
tine Ry. (controlled by the Tri-City Ry. & Lt. Co.) by which the two com¬
Orange Street Ry.
panies have established through service between Clinton and Muscatine,
via Davenport.
Tri-City Ry. & Lt. Co. furnishes power and will install
additional equip.
It is contemplated furnishing electric-light and power
along the route of the Iowa & Illinois Ry.
,
STOCK
AND
63
ELECTRIC RAILWAYS
Sept., 1913.J
BONDS—
Date.
Interest.
Kurchased
lar. 1 1913
theabsorbed
property the
and Gardner
franchisesWestminster
of the Templeton
& Fitchburg
Street Ry.
andRy
on
Street
As
Common, 31.500.000 (5100)
$1,500,000
Pref,$800,000. 6 % cum($100)
554,200
1st
mtge.
$2 000,000. gold! 1904
5 g J-J
1,200,000 Jan 1 1924
($1,000)
c*/Interest at Girard Trust Co. Phlla.. Trustee
Bonds.—Remaining bonds are reserved lor acquiring steam or other railWays and to provide for steam railway terminals and equipment at 80% of
oost.
No sinking fund, but subject to call on any interest date at 105 and
Interest.
See V. 82, p. 100, 160.
'
.
EARNINGS.—For
cal.
year
1912, gross,
,
a
result of these acquisitions, stock was increased from $74,500, all of
class, to $500,000, of which $150,000 is 6% cum. pref. stock.
STOCKS AND BONDS— Date.
Interest.
Outstanding.
dalurity.
one
Maturity.
Outstanding.
$350,000
Common
subj to call on 4 H % int bas)Int. at American Trust Co., Boston, Trustee.
1905
5 J-J
60,000
Jan 1 1915
Gard Westm & Fitchburg
$18?,742; net, after taxes,
an
1920
equivalent amount of underlying bonds.No sinking fund.
companies for year ending June 30 1912,
$188,134; net, after taxes, $50,852.
ROAD.—47.7 miles of track.—V. 97, p. 365.
(3)
Concord Maynard & Hudson Street Ry.—A trolley road.
1901.
ORGANIZATION.—Organized in Massachusetts March 27
Ac¬
quired Concord & Clinton St. Ry. Feb. 1 1902.
On Aug. 25 1911 acquired
Lowell Acton & Maynard St. Ry. V. 93, p. 1786. Franchises perpetual.
STOCK AND BONDS—
WIS.
($1,000)
Interest.
Date.
Maturity.
$235,000 See earnings
Outstanding.
gold) 1902
5 g J-J
230,000 July
1922
c&r)Interest at American Trust Co., Bos., Trus.
-
"Current liabilities"
Smith; V.-Ps., Oliver C.
Greene.—V. 94, p. 632
185,000
EARNINGS,—Of combined
Sept. 1
27,900
1912__
.
Concord, Maynard, Acton,
Stow and Hudson.
At Concord connects with Lex. & Bos. and at Hudson
with Worcester Consol. and Bos. & Worcester.
EARNINGS.—For year end. June 30 1912, gross, $71,376; net, $27,608;
fixed charges, $15,965; divs. (4%), $9,050; surplus, $2,593.—V.93,p.l786.
ROAD.—Owns
ORGANIZATION.—Incorp. in Wisconsin on Dec. 12 1911 and is a
purely financing company.
(V. 94, p. 632).
Stock auth. and out, $1,000,000.
Has acquired control of Wisconsin
Pub. Service Co. and owns $800,000 bonds of that company placed in escrow.
(1)
5 F-A
gross.
WISCONSIN SECURITIES CO.—A holding company.
OFFICERS.—Prest., Clement C.
1st) 1900
mtge ($1,000) gold—__c*j Int. at Mercantile Tr. Co., Boston. Trustee.
Bonds.—Of the $500,000 1st & ref. bonds, $245,000 are reserved to retire
.
Stock, $235,000 ($100)
1st mortgage, $250,000,
Wm. Blgelow; Sec. & Treas., Howard
5 g M-N
1913
Athol & Orange first mtge
$54,782; int., $63,077; deficit, $8,295.
ROAD.—Operates 46.91 rbiles over owned and leased tracks on private
right of way, connecting Davenport and Clinton,
la.
70-lb. T rail,
Standard gauge.
Has agreement with Davenport & Muscatine Ry. for
joint operation between Clinton and Muscatine via Davenport.
Also
has traffic agreement for transferring passengers to Rock Island and
Moline, 111.
OFFICERS.—Pres., J. F. Porter; V.-Ps., P. P. Crafts and F. W. Ellis;
Sec. and Treas., H. E. Weeks.—V. 82, p. 100, 160; V. 95, p. 680.
GREEN BAY,
$350,000
150.000
255,000 May 1 1943
Pref 6% cum $150.000
Ist&refM $5,000,000 ($1,000) f
Fuller and
miles of track between
19
I
(4) Millers River Street Ry.
Rights of way are being secured on this company's proposed line between
Wisconsin Public Service Co.
Millers Falls and Orange.
_
ORGANIZATION.—Incorp. in Wisconsin In Jan. 1912 as reorganization
merger of the Green Bay Tract. Co. and Northern Hydro-Elec. Co.
and
GREENSBORO, N. 0.
Owns and operates entire city and interurban railway system (except about
1 mile of track) centering at Green Bay, and furnishes gas, electric lightand
NORTH
eower
onds of
to the
Green
Bay Bay
and Gas
suburbs.
Owns
thelatter
stockcompany
and $150,000
of the
Green
& Elec.
Co. all
The
Is operated
Interest.
Date,
Outstanding.
Maturity.
Common, $1,000,000 ($100)
$1,000,000
Pref., $600,OuO 6% cum ($100)
600,000 No div. yet
1st mtge & ref $15,000,000.)
1912
5 g J-J
1,150,000 Jan
1 1942
gold ($1,000)
c»J Int. at Wisconsin Tr, Co., Milwaukee, trustee
Green Bay G & E 1st & ref M,\ 1905
5 g M-N
502,000 May 1 1935
$750,000, g, ($1,000)
_..c*/Int. at Wisconsin Tr. Co., Milwaukee trustee
Bonds.—Wise. Pub. Serv. bonds are subj. to call on any int. day at 105
and int.
| $1,100,000 bonds are held in escrow (of which $800,000 are owned
Wise.1 Secur. Co.) to be issued under certain restrictions.
Remaining
by
bonds
for acquisition apd to retire underlying bonds under certain re¬
strictions.
See V. 94, p. 1697. The Green Bay Gas & El. bonds are subj
call
to
105
until
1924;
thereafter at par; $20,000 have been paid and
,
STOCK AND BONDS—
EARNINGS.—Of
combined
properties
for year
end.
June 30
1913:
First & ref. mtge.
OFFICERS.—Pres., Clement C. Smith; V.-P., L. Patton; Sec. &Treas.,
Howard Greene; Asst. Sec. & Asst. Treas., George Allison, all of Milwaukee.
'
'
'
GREENFIELD, MASS.
.
MASSACHUSETTS CONSOLIDATED RAILWAYS.
ORGANIZATION.—Organized in Boston on Nov. 16 1911 as the Massa¬
chusetts Northern Rys.
In May 1913 name was changed to the Massa¬
chusetts Consolidated Railways.
Is a voluntary association managed by
a board of seven trustees.
V. 93, p. 1462, 1599, 1787.
Controls through
stock ownership the following companies:
Concord Maynard & Hudson St. Ry.
I Millers River Street Ry. (proposed).,
Connecticut Valley Street Ry.
| Northern Massachusetts Street Ry.
The system comprises 114 miles of road, serving 20 cities and towns in
Central and Northern Massachusetts.
Both passenger and express service
are provided.
Rights of way are being secured on the proposed line from
Orange to Millers Falls.
Shares—
Outstanding.
•
Common $1,640,300 ($100)
Convertible com.,, $60,600
Pref $1,100,000 ($100) cum
($100, $500 and $1,000)._c]lnt.
El Co gold mtges (2)
($500 & $l,000)._cj
5%
203,500
& Spen Ry 1st M gf 1905
5 g M-N
516,000 May 1 1945
$1,000,000 ($1,000)
c*(Int. at Mich. Trust Co., Grand Rapids,
I
trustee, or W. N. Coler & Co., N. Y.
Bonds.—Of the 1st & ref. mtge., $203,500 are reserved to retire like
Salisb
bonds of Greensboro Elec. Co., $219,100 are held in
are reserved for future improvements
and ac¬
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; 1H% July 1920-1925
and 2% 1925 to maturity.
Of remaining Salisb. & Spen. Ry. bonds $29,000
are In treas. and $455,000 are reserved for future extensions and improve¬
amount
92,000
quisitions
mortgage
ments.
under
proper
Redeemable at 105 and Interest.
EARNINGS.—For year end.
-
691,900
EARNINGS.—Of 5 sub-cos. for year end. June 30
227; net, applicable to Mass. Nor. pref., $61,709.
1912,
gross,
$474,-
OFFICERS.—Sec. & Treas., D, P. Abercromble Jr.. Greenfield, Mass.—
V. 93, p. 1462, 1599, 1787; V. 94, p. 351; V. 96, p. 1489; V. 97, p. 365.
Street Ry.—Trolley.
ORGANIZATION.—Incorporated in 1899.
Commenced Jan. 22 1900.
Is a consolidation on April 1 1905 of the Northampton & Amherst Street
Ry., the Greenfield & Turner's Falls Street Ry. and the Greenfield Deerfleld
& Northampton Street Ry., as per plan In V. 80, p. 1111.
ROAD.—Owns
Standard gauge.
35 cars.
Connecting extensions between the
are proposed.
Owns Lindley Park at Greensboro.
Electric
plants capacity 2,800 h. p.
175 miles transmission lines.
Gas plants
capacity 3620,000 cu. ft., 68 miles of mains.
OFFICERS.—Pres., B. S. COler; V.-P., & Gen. Mgr., J. P. Clarke; V.-P.
Z. V, Taylor; Sec. & Treas., L. H. Hole Jr.; Asst. Sec., E. B. Coler; Asst.
Treas., C. B. Hole.—V. 94, p. 699;
5 g J-D
66,000 June 1 1916
first mtge, g, sinking
fund.)Interest
Green & Turn Falls cons mtge] 1903
•$130,000 g
at Beacon Trust Co., Boston.
5 g J-D
64,000 June 1 1928
($500.$l,000).c») Interest at Beacon Trust Co., Boston. jTrust.
Bonds.—Greenfield <So Turner's Falls first mortgage (originally $100,000)
provides for the payment of $2,000 annually from 1897 to 1915, inclusive, at
premium.
Sufficient of the consols Is reserved to retire the first mort-
a
fage
bonds
aton
maturity.
The Northampton
& Amherst
bonds are suDject
call
at 105
4 weeks' notice,
as are the bonds
of the Connecticut
Valley
o
Street Ry.
The $120,000 Connecticut Valley bonds were Issued under the
Northampton & Amherst Street Ry., which was origi¬
$300,000.
Dividends.—On pref. 3% semi-ann. since Sept. 1910 to and incl. Sept.,
1913.
On com., in 1912. Feb.. 1%; Aug.,
In 1913. Feb., f[%;
May, 1%; Aug., %%\ Nov., H%.
first mortgage of the
nally
drawn for
EARNINGS.—For year ending June 30 1913, gross, $237,051; net, after
taxes, $71,083.
In 1912, gross, $214,756; net, after taxes, $60,112.
ROAD.—Owns and operates 47.054 miles of track between Miller's Falls,
Turner's Falls, Greenfield* Northampton and Amherst.
2 snow-plows, 5 other cars and 134 electric motors.
41 passenger cars#
OFFICERS.—Pres.. F. E. Pierce; Sec, & Treas., D. P. Abercromble Jr.;
Supt., J. A; Taggart.—V. 95, p. 297; Vi 96, p. 1296; V. 97, p. 298.
V. 95, p. 361; V. 96, p. 790;
V. 97,p.50.
GREENVILLE, S. 0.
GREENVILLE TRACTION CO.—A trolley road.
In Sept.
1910 Southern Power Co. purchased control.
ORGANIZATION.—Incorporated in South Carolina on Sept. 7 1899
supplied to this company by the Greenville-Carolina Power Co.
for particulars of which see V. 85, p. 224. * Operates 15 miles of track.
Power Is
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $500,000 ($100)—
$306,000
First mtge $250,000 currency) 1901
5 F-A
250,000
Feb 1 1931
($1,000 and $500)
interest at Girard Trust Co., Phila., Trustee.
-
OFFICERS.—Pres., Z. V. Taylor; V.-P., W. S. Lee;
Treas., E. Thomason.—V. 91, p. 1511.
Sec..
N. A. Cocke;
"
GREENVILLE SPARTANBURG & ANDERSON RY—A trolley road*
Is controlled by Southern Power Co. interests.
It is proposed upon com¬
pletion of this company's line and the line of the Piedmont (N. C.) Trac. Co.
to merge the two companies into one company to be known as the Pied¬
mont & Northern Ry. Co.
ORGANIZATION.—Incorp. In South Carolina and acquired the Ander¬
Traction Co., sold at receiver's sale Oct. 12 1909.
Auth. stock is re¬
ported to have been increased by $2,500,000 to $6,500,000 or $7,500,000 in
son
1913.
derson.
Falls] 1896
after
60 and 70-lb. T and 90-lb. girder
various cities
from Greenville and
5 g M-S
180,000 Sept. 1 1920
mtge, $180,000 g ($l,000)c)Int. at Old Colony Trust Co., Boston, Trust.
Greenfield Deerfleld & North) 1903
5 g J-J
150,000 July 1 1923
first
mortgage,
$150,000,)Int. at Mercantile Trust Co., Boston, Trus.,
gold ($1.000 and $500)„ „c»J
No sinking fund and bonds cannot be called
Turner's
•
$400,225; net
rails.
Northampton & Amherst first/ 1900
,
&
miles of track.
28.5
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com., $500,000 ($100). „■
J.
$500,000 Aug '13, % %
Pref.,$120,000(6%cum.) ($100)
M-S
120.000 Sept'13, 3%
Connecticut Valley St Ry first 1 1900 ,' 5 g M-S
120,000 Sept. 1 1920
mortgage", gold ($1,000)-c*) Int. at Old Colony Trust Co., Boston, Trust.
Greenfield
'
Dec. 31 1912, gross,
taxes, $136,863; interest, $75,696; surplus, $61,167.
1
Aug'13, IK
ending not more than 180 days prior to date of issue shall have beer
1 H times amount necessary to pay div. on shares out and applied for.
Conv. com. shares may be exchanged for an equal amount of pref. when
net earnings for 12 mos. ending not more than 180 days prior to date of
application for conversion shall have been 1 H times amount necessary to
pay divs. on pref. out and that to be Issued in exchange for conv. com.
As
to divs.,conv. com. is treated as common stock.
« •
Divs. on pref. are 5% to Nov. 1 1914, incl.; 5H% 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. 1 1917 and 5120 thereafter.
V. 93, p. 1599.
Dividends.—On pref., 1 H% quar. from Feb. 1912 to and lncl. Aug 1913.
Connecticut Valley
of
treasury and $1,532,500
mos.
(1)
Maturity.
Apr 1 1934
atEquitable Trust Co., N. Y., trustee.
1,544,900
issues)
STOCK.-r-Additlonal pref. shares only to be Issued when net earns, for
12
Outstanding.
$3,500,000
5 A-O
1909
$1,610,000
-
($100)
(see text) Q-F--
Last Div.
$3,500,000)
Greensb
Green Bay to West De Pere, Little Rapids, Wrightstown and Kaukauna?
total, 41.87 miles of track.
45 and 78-lb. rail; 30 motor cars;612 trailers.
—V. 94, p. 632, 1697.
Interest."
Date.
Stock $3,500,000 ($100)
oanoeled
gross, $452,418; oper. exps. and taxes, $289,614; net, $162,804.
ROAD.—Owns and operates all lines in the City of Green Bay; also a line
from Green Bay to De Pere City, and branch to Duck Creek and a line from
CO.
In 1911 acquired majority of the stock of Salisbury & Spencer Ry. Co.,
which company it also leases for 50 years. V. 93, p. 1324. Does entire gas,
electric-light and power and street 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., High Point, 59 yrs.,
Salisbury and Spencer. 51 yrs, Winston-Salem, 58 years; also has a 30-year
franchise in Guilford County and township.
In 1913 obtained a 60-year
franchise for a street railway in Lexington,
•
>
are
at
SERVICE
ORGANIZATION.—Chartered In North Carolina In 1909.
Purchased
Co. and High Point Elec. Pow.Co.
the Greensboro Elec. Co., Greensboro Gas
separately. See V. 82, p. 573, 631, and V. 86, p. 172, for partlcularsof that
company.
Street railway franchise is perpetual and exclusive until 1918.
STOCKS AND BONDS.—
PUBLIC
CAROLINA
,
/
.
.
between Greenwood and Spartanburg
touching Belton, Pelzer and Greenville.
Has in operation 61 miles between
Greenville and Greenwood and a 10-mile extension between Belton and An¬
ROAD.—Is
summer
Also
constructing a line
8 miles of track in and around Anderson.
Line
Spartanburg, 32 miles, was expected to be completed in
delayed by litigation instituted by a property-
operates
of 1913, but work
owner.
OFFICERS.—Pres., J. B. Duke, N. Y.j V.-P., W. S. Lee, Charlotte,
E. Thomason,
Charlotte, N. C.
V. 89, p. 1346; V. 92,
1499; V. 97, p. 803.
N. C.: Treas.,
p.
,
GULFPORT, MISS.
GULFPORT & MISSISSIPPI COAST TRACTION CO.
ORGANIZATION.—Incorporated In Mississippi In 1905.
Purchased
Biloxi Electric Ry. & Power Co. and the Gulf port Development Co.
In 1907 increased auth. stock from $1,000,000 to $2,000,000.
the
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,000,000 ($100)
$1,000,000
1st mort., $1,000,000, gold.) 1905
6 g A-O
1,000,000 SeDt. 30'35
($1,000)
J Int. at Hlbernla Bk. & Tr. Co., N. Orl., Trus.
Second
mortgage
gold) 1907
6 g J-J
692,000 July 1 1932
($1,000)
cj Hlbernla Bank & Trust Co., Trustee.
*
Bill. El. Ry &P. 1st mtge., g) 1903
6 g J-J
170,400
Jan 1 1924
($100, $500 and $1,000)
./Int. at Hlbernla Bk. & Tr. Co., New Orleans,
Bonds.—The bonds of 1905 are subject to call on Oct. 1 In any year at
105; no sinking fund.
Interest on 2d mtge. 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.
_
EARNINGS.—For year end. June 30 1913.' gross, $272,679,
<
64
ELECTRIC
ROAD.—Operates 13 miles of track from Gulfport to Blloxl and 11 mile8
also 6 miles of track In Blloxl; total, 30 m
OFFICERS.—Pres., J. T. Jones, Gulfport; V.-P. and Aud., R. E. Pow¬
ers, Buffalo, N. Y.; Sec., H. C. Elder; Treas., F. V. Osborne, Gulfport; Gen.
Mgr., W. F. Gorenflo, Gulfport.—V. 83, p. 95.
from Gulfport to Pass Christian;
HAGERSTOWN, MD.
HAGERSTOWN & FREDERICK RY.
,
ORGANIZATION.—Incorp. Apr. 7 1913 In Maryland as a consolida¬
tion of the Frederick RR., Frederick Gas & El.
Co., Myersvhle & Catoctln Ry.. Hagerstown Ry., Hagerstown & Boonsboro RR.. Hagerstown &
Myersville RR., Hagerstown & Northern RR. and Frederick & Hagerstown
Power Co. Auth. by stockholders on Mar. 21 and 22. V.96, p. 947, 1422,
STOCK AND BONDS—
Date.
Interest.
Outstanding'
Maturity.
.
'
Common, 32,000,000 (550)
52,000,000
Pref, 7% cum, 51,000,000(550)
635,000
First & ref mtge,
510,000,000/ 1913
5 g M-N
See text.
May 1 1943
(51,000) sinking fund.c&r(Interest at Baltimore Trust Co., Trustee.
Hagerstown
Ry
1st
mtge/ 1896
6 g Q-F
200,000 May 1 1916
520.0,000 gold
(Interest at Eavy Lane & Co., Hagerstown.
Hager & Myers Ry, 5125,000. 1904
5%
120.000 July 1 1924
Hagers & Boonsb Ry 1st M\ 1002
5 F-A
110,000 Feb 1 1022
5120,000 (5500 & 51.000)o* j
Int. at Maryland S. & Tr. Co.,Hagerstown
Hagers & Nor RR 1st mtge) 1908
5 g F-A
200.000 Mch 1 1927
5200,000 gold (51,000, 8500 )Int. at Maryland S. &Tr. Co., Hagerstown.
and 5100)
c*J
Trustee, Wm. Jennings.
Fred & Hag Pow 1st M
1912
6%
•
300,000 Apr 15 1922
Myersv& Catoc 1st M_
1904
5%
35,000 July 1 1929
Frederick RR 1st & ref M 51
1910
5 g M-S
190,000 Mch 1 1960
500,000 gold (51,000)
/Fidelity Trust Co., Baltimore, Trustee.
Fred & Mlddletown first mtgel 1905
5 g J-J
250,000
Dec 1 1935
8250.000 gold (51,000) ___cj Fidelity Trust Co., Baltimore, Trustee.
Fred Gas & Elec 1st M 5200,'
1904
5 J-J
181,500 July 11929
000 g (5500&51.000) g,p&I, •Interest at West End Trust Co., Philadel¬
by Fred RR; not sub to call
phia, trustee.
" j
1908
Monocacy Valley Ry first
5%
30,000
1925
Steiner Schley & Leonard Waesche of Freder¬
mortgage
ick, Md., Trustees.
Stock.—The pref. stock is redeemable at par and dividends.
Bonds.—Of tne new 510,000,000 mtge., 51,515,000 are reserved to retire
prior lien and 51,785,000 to retire floating debt and for impts., &c.
Sinking
fund, beginning Jan. 1919 to July 1933, }4, % semi-ann. of all bonds issued.
Thereafter, H % semi-ann. until maturity.
Red. at 105, all or part, by lot.
The Hagerstown & Boonesboro Ry. bonds are redeemable 1912 at par.
The
Hagerstown & Northern RR. bonds are subject to call in 1917.
5280,000 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. A; 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.
HAMPTON, VA.
NEWPORT NEWS & OLD POINT RAILWAY & ELECTRIC.
1912 control of road changed hands.
"Newport News Syndi¬
cate, 1912." was formed to acquire the securities of the company and out¬
standing shares of the affiliated companies, with a view of reorganizing the
properties, providing money for extens. to the elec. lighting and power gas
plant services and to add to power facilities and car equipment.
Details
are now being carried out;
improvements and extensions are under way.
V. 95. p. 481; V. 94, p. 208.
In Jan.
ORGANIZATION.—-In 1898 purchased the Newport News Hampton &
Old Point Ry. and acquired the Chesapeake Light & Power Co. at Hampton,
Later acquired the Citizens* Railway, Light & Power Co. through
Va.
ownership of 5195,000 out of a total issue of 5200,000 capital stock, which
company in turn acquired 576,000 of the 5100,000 capital stock, and the
entire bond issue of the Newport News Gas Co.
The Newport News &
O. P. Ry. & Elec. and Citizens' Ry., Lt. & Pow. Co. own entire capital
stock of the Hampton Roads Trac. Co.
Controls the railway, electriclighting and ice business in Newport News, Hampton, Old Point and
Phoebus.
Also controls gas business in Newport News.
Aug. 18 1908 com¬
pany was granted permission to increase fates from 5 to 10 cents between
Newport News and Hampton. Fare from Newport News to Old Point, 15c.
In Oct. 1911 sold its interest In Danville Ry. & Elec. Co.. receiving in pay¬
ment 5125,000 in cash and entire issue of 5400,000 1st M. bonds of Danville
Trac. Co.
These bonds were deposited as collateral under the gen. M.
bonds, but were sold in 1912.
The 5125,000 in cash was used by the
company in purchasing gen. M. bonds.
V. 95, p. 481.
Date.
Common, 51,075,000 (5100)
Preferred, 5% cum (3100)
First
mortgage,
5900,000,(
Interest.
5 J-J
Outstanding.
Maturity.
51.075,000
725,000 July '02, 2H
1898
5 g M-N
900,000 Nov. 1 1938
gold (51,000 each)
c*\Interest at AlexBown & Sons, Bait., Md.
First mtg Citizens Ry, L & Pj 1900
5 g M-N
800,000 May 1 1940
$800,000 ($1,000), gold-cH
Maryland Trust Co., Baltimore, Trustee.
Guaranteed prin and int.. Interest at Alex. Brown & Sons, Baltimore.
G eneral
1901
5 g M-S
mortgage,
$4,000 ,1,456,000 Mch 11941
000, gold ($1,000 each)„c* Int. at Alex. Brown &> Sons, Baltimore, Md.,
or at company's agency In New York.
Maryland Trust Co., Baltimore, Is trustee of both the first
and general mortgages of the Newport News & Old Point Railway
&
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 qpll at 110 on any Interest dav at
60 days' notice; they are guaranteed by the Newport News & Old Point
Ry.
& Electric.
See V. 71, p. 84.
Of the 54,000,000 general mortgage bonds,
51,700,000 are reserved to take up at maturity the outstanding first mort¬
gage bonds of the Newport News & Old Point Ry. & Elec. and the Citizens'
Ry., Lt. & Pow., and 8844,000 have been retired.
In addition to the mortgage lien, bonds are secured by a deposit of the
stocks of the Citizens' Ry., Light & Power Co., and Hampton Roads Trac.
Co.; and entire issue of Danv. Trac. Co. 1st. M. bonds.
ROAD.—Including Citizens' Ry., Light & Power Cp. and Hampton
Roads Trac. Co., operates 42.98 miles of track.
OFFICERS.—Presi, C. Loomis Allen, Syracuse,. N. Y.; V.-P., E. F.
Peck, Schenectady, N. Y.; V.-P. & Gen. Mgr., J. N. Shannahan, Hamp¬
ton; Sec. & Treas., William Stewart, Hariipton.—V. 88, p. 452, 624, 1561;
V. 91, p. 791, 1254. 1447: V. 94. D. 208: V. 95. D. 481.
"
.
Bonds.-
-The
Hanover Light, Heat
BONDS—
STOCK AND
&
Interest.
,
.
,
.
Outstanding.
/Int. at Com'w'th Guar.
ROAD.—Owns and operates 72.91
F.
EARNINGS.—For
cal.
interest, $20,906:
1912, gross, $87,653;
net, after
dividends. $5,400; surplus, $19,694.
year
taxes.
McSherrys-
town, Littlestown and Conewago Chapel.
Standard gauge.
60-lb. T and
girder rails.
An extension to New Oxford is under construction; about
1-3 of a mile is completed and in operation.
«
OFFICERS.—Pres., J. W. Steacy; V.-P., W. D. Himes; Sec. & Treas..
Ellis S. Lewis; Gen. Mge., 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.
miles of line.
OFFICERS.—Pres., H. D. Walbridge, N. Y.;
B. Musser, Harrisburg;
Sec., Jas. O'Connell.
V. 95, p. 1745;
VALLEY
V.-P. & Gen. Mgr.,
Office, Harrisburg.—
V. 96, p. 202.
RAILWAYS.
ORGANIZATION.—Incorporated in Pennsylvania in July 1912 and in
Sept. 1912, after increasing its stock from $10,000 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 &
Mechanicsburg St. Ry., West
Fairview & Marysville Elec. St. Rys.,
Harrisburg & Riverton St. Ry.,
Fairview & Riverton Ry. and the United Electric Co.
STOCK AND BONDS—
Common $2,000,000 ($100)
Pref cum $500,000 ($100)
Date.
Interest.
Outstanding.
-
Maturity.
$2,000,000
6%
Collateral trust $1,700,000
Valley Trac 1st M $700,000)
500,000
1912
5%
1,000,000 Aug 3
5 g A-0
1903
555,500 Oct
1
gold ($100 & $500)_____c*/Int. at Farmers' Tr. Co., Carlisle, Pa.,
H'& M 1st M $224,000 gold. J 1894
6 gMS
144,500
Sept.
1952
1933
trus.
1914
1 Int. at office of
trustee, Harrisburg Trust Co.
Bonds.—Remaining coll. trust bonds ($700,000) are reserved to retire
prior liens.
Valley Traction bonds are subject to call at 110.
A sinking
fund of $5,000
per annum commenced
Oct.
1
1908.
ROAD.—Operates 44 miles of road from Harrisburg
to
Carlisle.
to Marysville and
OFFICERS.—Pres. & Gen. Mgr., O. H. Bishop, Lemoyne, Pa.; Sec. Jc
Treas., C. M.wDavidson.,
General offices, Lemoyne.—V. 96, p. 64.
-
HAVERHILL, MASS.
NEW HAMPSHIRE ELECTRIC RYS.
ORGANIZATION.—Organized
In
August* 1905
as
successor
under
foreclosure of the New Hampshire Traction Co
as per plan In V. 79. p.
2205.
Company Is managed by a board of trustees.
Owns and controls
the following companies;
Canoble Lake Co.
|Mass. Northeastern St. Ry.
Dover Somersw. & Roch. St. Ry.
Rock'g'h Co. Lt. & Pow. Co.
.
„
Granite State Land Co.
|
.
.
All of the capital stocks of these companies is owned
by the New Hamp,
shire Electric Rys., as are also the outstanding bonds of all the
companies,
with the exception of those given below.
Franchises of all the constituent
companies are perpetual.
A five-year
contract for power was made with the Exeter & Hampt.
Elec. Co. in July 1908.
In Sept. 1912 the Mass. Northeastern St. Ry.
(formerly the Haverhill &
So. N. H. St. Ry.) was granted permission
by the Mass. RR. Comm.to
purchase and consolidate the Haverhill & Plalstow St. Ry., Lawrence &
Methuen St. Ry., Haverhill & Amesbury St. Ry. and Hudson Pelham &
Salem St. Ry., which were owned and controlled
by the New Hampshire
Elec. Rys. (V. 95, p. 236, 298) and in Dec. 1912 further
permission was
granted to purchase the Citizens' Elec. Ry.. Seabrook & Hampton Beach
St. Ry. and Haverhill Plaistow & Newton St. Ry. and to issue
$455,000
new stock in exchange.
V. 95, p> 1608.
In March 1913 the BR. Comm. tranted the Mass. Northeastern St.
Ry.
permission to purchase the Lowell A Pelhara Street Ry. and the Amesbury
&, Hampton St. Ry. and to issue $140,000 stock in exchange for $40.00#
stock or the former and $100,000 stock of the latter.
V. 96, p. 863.
The Mass. Northeastern St. Ry. in Sept. 1913 asked the Mass. RR.
Comm. to sanction $675,000 additional pref. and $45,000 additional com.
stock (see V. 97, p. 803), which will be owned by the New
Hampshire Elec.
Rys. and not offered to shareholders, and $1,000,000 of a
proposed $2,000,000 issue of 20-year 5% mtge. bonds,
$670,000 to pay floating debt and
$330,000 to Retire the $230,000 bonds of the Citizens Elec. St. Ry. and
$100,000 bonds of the Amesbury & Hampton St. Ry.
V. 97, p. 803.
Portsmouth & Exeter St. Ry. Sold.—This road, formerly owned, was sold
on April 23 1912 for $55,000.
Road has been dismantled.
V. 94. p. 1186.
.
STOCK
AND
BONDS—
Date.
Common, $4,000,000 ($100).
Pref.4%n-c, $4,000,000 ($100)
Mortgage bonds, $2,000,000._
Interest
1913
Note
5%
6%
....
UNDERLYING
Dover Somers & Roch 1st M.l
g,
5300,000 ($1,000), c*
$5,000 per ann begins
s
f
•
•
1901
1904;(interest
bonds cannot be called
J
Outstanding.
Last Div.
$3,900,200
3,399,500 July *13. 2%
670,000
1933
646,000
On demand
J-J
....
1899
LIENS.
,
5 g J-J
See text.
at American
Trust
July 1 1921
Co..
Boston,
See text.
Oct 1
1919
Beacon
Trust
Co..
Boston,
5 g A-O
Amesbury & Hampton 1st M,\Interest
at
gold. $100 000 ($1.000)
J
Trustee.
Citizens'Elec St Ry first mtgel 1900
5 g J-D
$230,000 gold
230,000
Dec
1
1920
/Beacon Trust Co., Boston, Trustee.
Bonds.—Of the $300,000 of the
Dover Som.
&
Roch. bonds, all issued,
$161,000 are owned by the New Hamp. Elec. Rys.
Of the $100,000 Ames
& Hamp. bonds, all Issued, $42,000
are
owned by the N. H. Elec. Rys.
and $11,000 Ames. &H. bonds and $54,000 Dov. Spm. & Roch. bonds
s. f. April 30 1913.
The demand note was for refund, and acquisition
Citizens' Elec. St. Ry. stock.
EARNINGS.—For
$274,737;
$898,208;
year
ending June
30
1913,
gross,
$911,992;
in
of
net,
int. & taxes,
$89,380;
surplus, $185,357.
In 1912, gross,
net, $286,919; int. & taxes, $76,277; surplus, $210,642.
DIVIDENDS.—Company paid 1% each 6
mos. on pref. since July 1908
July 1910. 1H semi-ann, to and includ.
In 1913, Jan., 2%; July, 2%.
ROAD.—Companies controlled (including the Haverhill A Amesbury
St. Ry. and Citizens' Elec. St. Ry.) operate 164 miles of track connecting
Nashua, Pelham, Lowell, Lawrence, Methuen, Haverhill, Salem, Merrimac,
to and incl. Jan. 1910.
Since
Jan. 1912.. In July 1912, 2%.
Amesbury, Salisbury, Newburyport and Salisbury, Seabrook and Hampton
beaches.
Dover, Somers worth, Rochester $nd East Rochester—all points
N. H. or Mass.
Company owns several pleasure resorts.
Also does
electric-lighting business.
Population served, 500,000.
in
D. A.
Belden,
Haverhill; V.-P., M.
N.
Buckner,
V. 88, p. 1500; V.
90, p. 237; V. 91. p. 215; V. 94, p. 1696; V. 95, p. 47. 236, 298, 1608; V
96, p. 863; V. 97, p. 803.
Maturity.
($50)
•
$90,000 Jan.'13, 6%
First mtg $500,000 g ($1,000)1
1908
5 g J-D
152,000 June 1 1928
subject to call at 105
C*/Interest at York Trust Co., York, Pa., Trus.
Bonds.—Of remaining bonds $100,000 are reserved for
extensions, &c.
Dividends.—In July 1894, 2M%; in 1895, Jan., 2
1897-1902 records
lost.
1903 and 1904 none.
In 1905, Jan., 6%.
In 1906 amd 1907, none;
Jan. 1908 to Jan. 1913, incl., 6% per annum.
ROAD.—Owns 12.59 miles of track in and between Hanover,
Tr. Co., Harrisburg.
STOCK.—Pref. stock is cum. at 5% until 1915, and
6% thereafter.
REPORT (of merged companies).—-For fiscal year
ending June 30 1913,
gross, $944,045;
net, $572,721; rentals, taxes and int., divs. and better¬
ments, $484,933; surplus, $87,788.
'
'
Stock 5200,000
540,600:
_
.
$L5A00£-go,d
New York; Sec, and Treas., F. J. Home, New York.
stock
Power Co. '
Date.
[Vol.-xcvii.
bonds, $3,000,000 have been issued, theproceeds of which will
retire or provide for retirement of all
underlying bonus except the Citizen"'
Passenger first mortgage 6s.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common $3,000,000
$3,000,000
Preferred cum $2,100,000
See text
2,100,000
First & ref mtge $10,000,0001
1912
5 J-D
See text
1942
($1,000 and $500)
/Harrisburg Trust Co., trustee.
Ling & B1 Mtn mtg $125,000
1905
5 A-O
105,000 Apr 1 1935
gold ($100 & $500)
c Int. at Harrisburg Trust Co., trustee.
Harr & Hum 1st M $200,000
1905
4H g M-N
200,000 Apr 1 1935
guar prin and interest
Cent Penn Trac 1st M $2,1909
4K M-N
6,500 July 1 1929
000,000 ($500 & $1,000)
.Interest at Harrisburg Trust Co., trustee.
Citizens Passenger first mtgel 1894
6 g M-N
75,000 May 1 1924
new
OFFICERS.—-Pres.,
HANOVER/ PA.
HANOVER & McSHERRYSTOWN STREET RAILWAY CO.
ORGANIZATION.—Incorporated in Pennsylvania.
Owns all the
Of the
Of the
,
•
ROAD.—Operates about 81 miles of track.
,/
OFFICERS.—Pres., Edw. F. Peck, Hagerstown, Md.; V.-Ps., E. L.
Coblentz, Frederick, Md., and H. Holzapfel Jr., Hagerstown;
Treas./
Thos. H. Haller, Frederick;
Sec., Victor M. Cushwa; Asst. Sec. & Asst.
Treas., C. A. Hoag;
Gen. Mgr., Wm. J. Harvie.NHagerstown, Md.—
V. 96, p. 947, 1228, 1422. 1488.
\-
STOCK AND BONDS—
RAILWAYS
HAZLETON, PA.
WILKES-BARRE & HAZLETON RR.
ORGANIZATION.—Incorporated In New Jersey May 1901, and acquired
the entire ($1,500,000) capital stock and ($1,500,000) bonds of the WllkesBarre & Hazleton Railway Co. (Pennsylvania Incorporation) and
deposited
the same, together with 5140,000 (entire Issue) of the Lehigh Traction Co.'i
5 % certificates of Indebtedness and $922,200 of the $1,000,000 stock of
the Lehigh Traction Co.
as security for the WIlkes-Barre & Hazleton Rail¬
road Co.
p.
1281.
from
Issue of
first collateral trust
mortgage 5% gold bonds.
V. 72.
Franchises are 999 years In and around Hazleton and perpetual
Hazleton
to
Wilkes-Barre.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$2,500,000
185,600
1901
5 g M-N15
1,900,000 May 15 1951
500,000 gold ($1,000)—c*\Int. at Guaranty Trust Co., N. Y., Trustee.'
Collateral trust mortgage $
1,-f 1905
5 g A-O
1,227,000 Oct. 11945
500,000 gold ($1,000)
cilnt. at Guaranty Trust Co., N. Y., Trustee.
Bonds and stock.—Of the 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 fund of $20,000 per annum, which began June 1 1908, Is to be In¬
vested In the collateral trust bonds or In bonds
purchasable by savings banks
Common $2,500,000 ($100)
Pref 6 % non-cum $700,000—
Collateral trust mortgage $2,-/
Sept..
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
65
ELECTRIC RAILWAYS
1913.J
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 redeemable at par In cash.
EARNINGS.—For cal. yr. 1912 (lncl. allied companies), gross, $427,885;
net, $211,446; Int., taxes and renewals, $210,392; surplus, $1,054.
OFFICERS.—Pres., A. Markle; V.-P. & Gen. Man., C. B. Houck; Sec. A
Treas,, N. C, Yost.—V. 83, p. 1292; V. 87, p. 679,
Dividends.—On pref., 3% s.-a. from Oct. 1908 to Oct. 1913, lncl.
On
and same amount s.-a.
2% Oct. 1909.
In 1910, April, 2\4%
since, to and including Oct. 1913.
common,
REPORT.—For 12
taxes, $133,665;
mos.
net, after
balance, $65,685.
ending June 30 1913, gross, $311,526;
int., $56,300; sinking fund, $11,680;
ROAD—Owns 32.2 miles of track, including lines from Houghton to
Hancock and from Hancock to Laurium, Red Jacket, Lake Linden and
Hubbell, and the mining locations of Quincy, Osceola, Wolverine, Allouey,
Mohawk; 41 cars.
Standard gauge.
Ahmeek and
'
(1)
Lehigh Traction Co.—A trolley road.
ORGANIZATION.—Chartered
Nov.
7
Franchise
1892.
perpetual.
Owns, controls and leases for 999 years at an annual rental of $1 each the
Hazleton A Suburban Electric Ry., capital $30,000;
Hazleton A South
Side Electric Ry., capital $75,000;
Hazleton A> 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 As
OFFICERS.—Pres., Frederick P. Royce, Boston; V.-Ps., Guy L. Wey¬
Frederic J. Bawden, Houghton, Mich.; Sec., Alvah
Todd, Boston; Treas., Henry B. Sawyer, Boston; Mgr., Gardner
Rogers, Houghton, Mich.; Gen. Mgrs., Stone & Webster Mgt. Assn.,
Boston.—V. 87, p. 614; V. 88, p. 1499; V. 89, p. 666; V. 94, p. 1763.
mouth, Boston, and
K-
Hazleton RR. bonds of 1901.
HUDSON, N. Y.
STOCK AND BONDS—
Stock $1,000,000 ($100)
First mortgage $500,000
Interest.
Date.
Maturity.
Outstanding.
$1,000,000
gold/ 1893
500,000 June 1 1923
5 g J-D
c*lMarkle Bkg.
($100, $500, $1,000)
Certificates of Indebtedness
____
As Tr. Co., Hazleton, Trustee.
140,000
60,000
>
1895
5 g A-0
1925
ROAD.—Operates 22 miles of track, new 58-lb. steel T rails, oak ties, well
Road extends from Hazleton to West Hazleton, to Yorktown
(connecting with Pennsylvania RR. and Lehigh Valley RR.), to McAdoo
(south) and MllnesvUle, 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..
.
Hazle Park bonds, $60.000
ballasted.
(2) Wilkes-Barre & Hazleton Ry.—A trolley, steam and third-rail road
ORGANIZATION.—Chartered Dec. 13 1899 under General Railroad Law
Act of
RR.
April 4 1868, State of Pennsylvania.
the entire stock and bonds.
The Wilkes-Barre & Hazleton
owns
STOCK AND BONDS—
Interest.
Date.
Outstanding„
Maturity.
$1,500,000
Stock $1,500,000 full paid
First
mortgage
$1,500,000/
1,500,000 May 1 1951
(Interest at Guaranty Trust Co., N. Y., Trust.
gold
5 g M-N
1901
ROAD.—Owns 27 miles of road from Hazleton to Wilkes-Barre, and uses
•
mile Lehigh Traction Co. track at Hazleton and 2 miles
Terminal RR. Co. track at Wilkes-Barre; total, 30 miles.
terminals 1
for
Wilkes-Barre
placed In operation May 1 1903.
Ralls, 95 lbs.
OFFICERS.—Pres., A. Markle; V.-P. and Gen. Mgr., C.
Sec. and Treas., N. C. Yost; Supt. of Trans., A. F. Harger.
Entire road
B.
Houck*
(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):
outstanding, $60,000 ($1,000).
Date 1905; due Oct. 1 1945.
Int. (5 g.
A-O) payable In New York.
ROAD, 3 miles, between W. B. Ter. RR.
June, and Wilkes-Barre.
Ralls, 90-lb. T; gauge, 4 ft. 8K in.
Pres.,
C. J. Kirschner; Sec.-Treas., N. O. Yost.
MONT
HELENA
THE HELENA LIGHT & RAILWAY CO.—Trolley,
electric light
and
ORGANIZATION.—Incorporated in Connecticut In Sept. 1905 as suc¬
cessor to the Helena Light As Traction Co.
V. 81, p. 1043.
Controls the
Helena Gas Light As Coke Co.; comprises the city's entire street railways
and gas and electrlc-llght plants.
Franchises expire April 4 1926.
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—
Common $900.000
Preferred $600,000 5%
Date.
Interest.
Q-F
5 Q-F
cum
Outstanding.
Maturity.
$561,000
M*y *13, 1 K
374,000
Aug. *13, 1 M
$1,500,000/ 1905
5 g M-S
1,000,000
Sept. 1 1925
c»lint, at Knickerbocker Tr. Co., N. Y.. Trust.
Bonds.—The 1st M. bonds are subj
to call at 105 and Int.; $405,000 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 2
per annum June 1 1918; said fund to be used In retirement of bonds at not
higher than 105 and Int.
See V. 81, p. 1550.
$95,000 have been retired
First
*
mortgage
gold ($1,000)
.
by sink. fd. to date.
Dividends.—Five per cent per annum In Quarterly Installments Is being
paid on pref. stock.
First dividend on common, 1
paid Oct. 31 1906
In 1907, 3%.
In 1909, 3%.
In 1910, 4%. In 1911 and 1912, 5%. In
1913, Feb., tX%: May, 1X%.
EARNINGS.—For 12 mos. end. Dec. 31 1912, gross, $333,773; net,
after taxes, $124,713, fixed charges, $48,085; sk. fd., $15,613; sur., $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. Toilette; Treas., R. B. Marchant; Asst. Sees.
T. w. Moffat (all of New York) and A. B. Sibley, Helena.
general management of I. G. White Mgt. Corp.,
—V. 88, p. 1061; V. 91, p. 1095; V. 96, p. 1422.
the
& Asst. Treas's,
Oporated under
New York City.
HOLYOKE, MASS.
RAILWAY.—Trolley.
ORGANIZATION.—Leases the Mt. Tom (Incline) RR. until June 1 1922
at 6% per annum on the $100,000 stock.
In 1907 purchased the Hamp¬
shire Street Ry. (previously leased).
V. 85, p. 40. In Aug. 1907 purchased
the Amherst A Sunderland Street Ry. (V. 85, p. 294), giving a through
connection from Holyoke to Amherst and Sunderland.
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 con¬
struction and to provide for floating debt.
V. 96, p. 652, 716, 1840.
HOLYOKE
STREET
•
-8J-J
Debenture bonds
Leased line rental Mt Tom
1899
1903
)
on
all
Dividends.—In
Outstanding. Maturity, Ac
$1,551,500 July'13,4%
250,000 April 1 1915
85,000 Oct. 1 1920
265,000 April 1 1923
.
RR1
stock 6%
Interest
5 A-O
5 A-O
5 A-O
$1,000)--C« 1895
($500, $l,Q00)__c*
Deb bonds
Interest.
Date.
STOCK—
Stock ($100)
Deb bonds ($500,
6
bonds payable at Holyoke National
1892
69.7
1913.
1912.
1913.
.
1912.
Balance for divs. $88,061
$81,895
Dividends paid._(8)85,888 (8)85,888
Int., taxes, &c
95,552
94,635 Bal. for year
sur.2,173 def.3,993
OFFICERS.—Pres., Wm. S. Loomis;
V.-P. & Gen. Mgr., Louis D.
Peliisier; Sec. & Treas., S. D. Nevin, all of Holyoke.—V, 86, p. 52; V.
96, p. 652, 716; V. 96, p. 1840.
Net
183,614
$578,206
176,530
•
HOUGHTON, MICH.
HOUGHTON COUNTY TRACTION CO.—Trolley road.
ORGANIZATION.—Organized In 1908 and took over Houghton County
Street Ry., which latter company was Incorporated In 1899.
Franchises
in public streets expire In 1929, 1930, 1932, 1933 and 1938.
Largely on
private right of way. $100,000 com. stk. owned by Pub. Serv. Invest. Co.
Outstanding.
Maturity.
A-O
$750,000 Oct'13,2}$
A-O
207,200 Oct'13,3%
1st oonsol
mtge $1,600,0001 1908
5 g J-J
770,000 Jan 1 1937
($500 and $1,000) gold
/Int. at Old Colony Trust Co., Boston, Trust.
Hough Co St Ry mtge $750,-/ 1900
5 g J-J
350,000 July 1 1920
000 gold ($1.000)
c«\lnt. at Boston Safe Dep. As Tr. Co.. Trustee.
Stock and Bonds.—Pref. stock is redeemable at 110.
$354,000 consol.
mtge. bonds reserved for prior liens; $33,000 are in treas.; $417,000 for fu¬
ture additions at 80 % of cost; they are subject to call as a whole or in part
for sinking fund at 105 and Int.
Sinking fund 1H % of outstanding bonds.
$26,000 have been canceled.
The Houghton County Street Ry. bonds can
be called as. a whole or in part at 105 and int.
V. 87, p. 6141
$400 000
STOCK AND BONDS—
Interest.
Date.
Common. $750,000 ($100)
Pref., 6% cum$500,000 ($100)
have been
canceled.
;
,
t
-
"
,
Date.
$1,375,000 ($100)
($100)
Interest.
_
Pref $2,100,000 5% n-c
DIVIDENDS.—Initial semi-ann. dlv. on pref., 1 H%. paid Feb. 1 1911
H%;
Aug.,
none
since to May 1913.
•
$471,229; net,
EARNINGS.—For 12 months ending June 30 1912, gross,
$154,051; Int., taxes, &c., $132,362; surfi., $21,689.
In 1910-11, gross,
$469,427; net, $168,323; Int., taxes, &c., $117,931; surp., $50,392.
ROAD.—Operated by third-rail system from Hudson via Rensselaer to
Comprises 37 miles of main line and 9 miles of sidings, with 2
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 be¬
tween Rensselaer and Klnderhook Lake completed in 1910.
Operates 30
passenger cars, 14 freight and express cars, 2 snow-plows and 3 electric loco¬
motives.
Ralls 70 and 80-lb. 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., R. A. C; Smith; Sec. & Treas., I. W. Day; Gen.
Mgr., James E. Hewes.—V. 89, p. 720, 1140, 1222, 1346; V. 92, p. 183,
Albany.
additional
V. 94, p. 122.
,
INDIANAPOLIS, IND.
BROAD RIPPLE TRACTION—A trolley road.
ORGANIZATION.—Organized as successor to the Indianapolis &
Broad
Ripple Rapid Transit Co. sold at foreclosure July 1899.
The Indianapolis
75% of stock, but organization separate.
Road is
jointly operated by the Union Trac. Co. of Indiana.and the Indianapolis
Street Ry. owns about
Traction
& Terminal Co.
Maturity.
Outstanding.
Interest.
Date.
STOCK AND BONDS—
$100,000
400,000 July 1 1933
lint, at Guar. Tr. & S.D.Co (Phila.), Trus.
Bonds.—Are guar. p. As 1. by Ind. St. Ry.
No. s. f., and bonds cannot
be called.
The Ind. Nor. Trac. Co. (subsequently consolidated with the
Union Tr. Co. of Ind.) guarantees p. & 1. of half ($200,000) of the bonds
Stock, $100,000 (par $100)
5 g J-J
($l,Q00)c*/1899
Mtg. gold. $400,000
and half of the int. on the
remaining $200,000 bonds.
ROAD*—7H miles of track from
Indianapolis to Broad Ripple Park.
Treas..
OFFICERS.—Pres., Robert I. Todd; Sec., Jos. A. McGowan;
V. 69, p. 180; V. 73, p. 137, 183; .V. 78, p. 1167.
E. B. Peck.
TERRE
HAUTE
INDIANAPOLIS
&
TRACTION.
EASTERN
ORGANIZATION.—^Incorporated In Indiana on March 23 1907 and
acquired by purchase (1) Indianapolis & Eastern Ry.;
(2) Indianapolis
Coal Traction;
(3) Indianapolis & Western Traction;
and (4) Richmond
Street & Interurban Ry.
v
.
Light Co. for 999
April 1907 leased for
and the Indianapolis A
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. A Term. Co., giving Its own common and pref. stock
In exchange (V. 90, p. 1103, 1240); and since that time has acquired the
On March 25 1907 leased
the Terre Haute Traction &
years (see terms under that company below), and In
999 years the Indianapolis As Northwestern Traction
remainder of this stock except
directors' shares.
*
1912 leased for 999 years the Indianapolis Crawfordsvllle A
under latter company below).
V. 94, p. 1567.
Franchises.—In a letter to bankers In May 1910, President of the com¬
On
May 1
Danville Elec. Ry. (see terms
pany said: "The great majority of the franchises under
operated extend well beyond the life of these bonds [1st
franchises In the city of Indianapolis expire In
STOCK AND BONDS—
•
Date.
Common, $12,500.000($100)—
1st A ref mortgage
$8,000,0001
1910
which the system Is
A ref. mtge.]. The
1933."
Interest.
—
Preferred,$12.500,000($100)
Q-J
5 A-O
,
Maturity.
$9,100,000
9,100,000 Oct. '13 IH
6,500,000 Apr 11945
Outstanding.
A East
1st
Sold
($1,000)
s fM,$1,000M
c*jInt.
Co.,text
Phlla.,
Trustee.
1902at Fidelity
5 g J-J Trust See
July
1 1927
cons
($1,000), s
f—c*[Int. at Mercantile Trust Co., N. Y., or at
J
Central Trust Co., Indianapolis, Trustee
1899
5 g J-J
171.000 Jan. 1 1929
c*(Int. at Clt. Savings A Trust Co., Tr.. Cleve.,
I or at First National Bank, New York City.
Stock.—Pref. stock Is 5% cum. after July 1 1910.
Should com. at any
time pay 6%, pref. will pay the same.
V. 90, p. 1555
Bonds.—Remaining 1st A ref. bonds are reserved for additions and Im¬
provements 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 H
and int. on any int. date.
$178,000 held in sinking fund Sept. l 1913.
S. f. $55,000 p. a. first 5 years and $106,675 p. a. thereafter; bonds
acquired for s. f. to be held alive and Int. added tb s. f.
V. 90, p. 1491.
Of the $1,000,000 Ind. A; East, consols auth./$300,000 are reserved to
retire the Ind. A Greenfield 1st 5s, $41,000 have been canceled by sink. fund.
Of the remaining $659,000 out, $564,000 are owned by Terre Haute Ind. A
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.
On the
Ind. As Greenfield bonds, $12,500 Is payable yearly to a sinking fund begin¬
ning Oct. 1 1904, with which bonds beginning with No. 1 are being pur¬
chased at 105 and accrued Int.; $129,000 have been so purchased.
Dividends.—Initial dlv., 1 H%, on pref. paid Oct. 1910; same amount
quar. since to and lncl. Oct. 1913.
REPORT.—For entire system for calendar years:
1912.
1911.
1910.
Ind.
EARNINGS.—For year end. June 30:
Gross earnings.—$617,714
Outstanding.
Maturity.
$1,375,,000
F-A
2,029.000 Aug.'ll,H%
First
mortgage
$1,500,000) 1909
5 g M-S
1,302.000 Sept 1 1939
gold ($1,000)
c» J Bankers Trust Co., New York, Trustee.
Bonds.—$1,250,000 of bonds were sold to bankers, proceeds used In
acquiring Albany
As
Greenbush
Bridge Co. and for straightening
and double-tracking road, and to pay for apparatus theretofore Installed.
Remaining bonds can be Issued for additions and betterments under certain
restrictions.
Recording tax paid on these bonds, making them tax-exempt in
New York.
Sinking fund of 1
of bonds authorized from 1917 to 1922;
1922 to 1929, 2%; 1929 to 1939, 3%.
Bonds are subject to call as a
whole at 106 and Interest on any Interest day. V. 89, p. 1140.
"
STOCK AND BONDS—
Common
000, gold
100,000
Bank.
to July 1913, Inclusive* 8% yearly.
miles of track, Including Mt. Tom
(Incline) RR.,
4,900 feet long, and connecting with the Woronoco Street Ry. to Westfleld,
Mass.; with Springfield St. Ry. to Springfield, Mass., and with Northamp¬
ton St. Ry. to Northampton, Mass., and direct to Chicopee, Chicopee Falls
South Hadley, Amherst and Sunderland.
Passenger cars, 120; other ser¬
vice cars. 27: snow-plows, 10; other vehicles, 7: electric motors, 269.
ROAD.—Has
ORGANIZATION.—Incorporated In New York Sept. 14 1909 and Is a
reorganization of the Albany A Hudson RR. Co. sold under foreclosure on
Sept. 8 1909 (per plan V. 89, p. 223).
On Sept. 18 1909 merged Albany As
Greenbush Bridge Co.
V. 89, p. 720.
Franchises are perpetual.
Does a
passenger, freight and express business.
185;
light and fuel.
power, gas
ALBANY SOUTHERN RR.—Third rail, except In cities.
A Green. 1st M., $300.- f
000
($1,000),
gold
Gross earnings
Operating expenses and taxes
$6,432,060 $5,951,292 $5,840,385
3,814,428 3,497,162 3,339,805
Net earnings
•
$2,617,632
Rentals and other deductions, sub. cos ..$1,532,673
Sinking funds, subsidiary companies
145,730
Int. A sink. fd. on dlvls. bds. of this Co..
27,500
-
-..2
Iht. on T. Hi I. As E. T. bonds-:
Staking fund on T. H. I. As E.Tr. bonds.
Balance
Balance
-
...
-
$2,454,130 $2,500,580
$1,456,604 $1,451,091
136,417
1 128,547
27,690
27,500
$893,442
$325,000
55,000
$833,609
$299;166
55,917
$531,729
$478,556
$911,729
$275,000
49,500
•
$568,942
ELECTRIC RAILWAYS
66
EARNINGS—For calendar years;
Year—
Gross.
Net,
Oth.Inc.
1912.;.
Indianapolis Traction & Terminal Co.
April 1910 control
was
1910---
STOCK AND BONDS—
•
Date.
Interest.
Outstanding.
Maturity.
$200,000
$200,000
$150,000-^
150.000
First mortgage $250,000 goldl
1907
5 g M-N
250,000 Nov 1 1937
guar p & 1 ($1,000)—-c*jlnt. at New England Tr. Co., Boston, Trust.
Bonds.—Are guar. p. & 1. by endorsement by Terre Haute Tr. &
Lt, Co.
Stock common
Preferred
EARNINGS.—For
Ry.
V. 75, p. 1301.
Interurban railways enter the city under agreements by
$26,495;
which they pay
Date.
Interest.
Outstanding.
Last Die
i$5,000 000
Dec.'12 2%
gold] 1903
5 g A-0
5,000,000
Jan. 1 1933
_>o*)lnt. at Guaranty Tr. & S. D. Co., Phlla.. Tr
(3)
STOCK AND BONDS—'
price.
paid Dec. 31 1908:
1909. 2%; In 1910, 2%; In 1911, 5%; in 1912, July, 2%; Dec., 2%.
was
In
ROAD, &C.—Has completed 18.75 miles of single track and owns 9-story
and terminal building, train-sheds and 3 freight depots centrally
office
Has
110
leases
ol
OFFICERS.—Pres., Robt. I. Todd; V.-P., E. B. Peck; V.-P., John J.
Indianapolis Street Ry.—A trolley system.
In
Indiana
March
1899.
7
Date.
Interest.
1909
5 M-N
120,000
miles of track, with 350 cars.
ROAD .—Operates ,116.09
Terre Haute Traction
&
90-lb. rail.
Light Co.
Leased.—In March 1907 was leased to the Terre Haute Indianapolis &
Eastern Trac. Co. for 999 years.
The latter company guarantees 6% on
outstanding pref. stock and 2% on common for 1M years, 3% for
5% thereafter, and $1,000 per year for organi¬
750.
The Terre Haute Ind. & East. Trao.
owns all
the common stock except
directors' shares.
ORGANIZATION.—Is
tric
Co.
and
the
Terre
consolidation In 1904 of the Terre Haute Elec¬
Haute Electric Traction Co.
Principal railway
An electrlo road.
East,
on
owns
entire Issue of stock except directors' shares.
ORGANIZATION.—Incorporated in Indiana on April 24 1901. Operates
private right of way except In Incorporated towns.
STOCK AND BONDS—
Stock, $750,000 ($100)
1st mtge.,
gold
Date.
Interest.
——
—
Outstanding.
$750#000
Maturity.
$750,000 ($1,000) f 1902
5 g J-J
750,000 Jan. 1 i932
-rC* & r.{Union Trust Co, and Security Tr. Co. of Inl dlanapolls. Trust. Int. at Sec, Tr. Co.; Ind.
Bonds.— No
sinking fund but bonds are subject to call after 10
See V. 78, p. 1223.
years at
105 and Interest.
EARNINGS.—For
cal.
year,
1912,
gross,
$173,134; net,
bal., $25,341.
after taxes.
ROAD.—Embraces 30rmiles of track from Indianapolis to Martinsville,
70-ib, rails;
standard
gauge.
OFFICERS.—Pres., Robt.I. Todd; V.-Ps., Harry S. New, Chas. Mur¬
and John J. Appel; Sec., E. B. Peck; Treas., Jos. A. McGowan.
dock
V. 84. p. 749.
(5)
„
Indianapolis Crawfordsvilie & Danville Elec.
Ry.
Lease.—On May 1 1912 was leased to the Terre Haute Indianapolis &
Eastern Trac. for 999 years.
Under the lease the latter company guars,
& I. on 1st M. bonds, 5% dlvs. on $200,000 pref. stock, and semi-annual
14% from Nov. 30 1912 to May 31 1914; 1% Nov. 1914
to May 1916; 1 \i% Nov. 1916 to May 1918 and 2% thereafter.
p.
dlvs. on com., viz.:
ORGANIZATION.—Incorp. in Indiana on Apr. 20'1912 as successor
to the Indianapolis Crawfbrdsv. & West. Trao.,
sold at foreclos re.
Built
entirely on private right-of-way.; *In cities and towns has 50-year fran¬
chises which permit the carrying of freight, express and mall matter.
STOCK AND BONDS.—
„
Date.
Interest.
Outstanding.
Maturity.
Common $400,000 ($i00).
Pref $400,000 5% cum ($1001
M-N
$400,000
See text
J-D
200,000
See text
First mtge $2,500,000
gold\ 1912<
5 g M-N
1,000,000 May 1 1952
($1,000) guar p & 1—:.c&r/Int. at Glrard Trust Co., Phila., trustee.
Bonds."—Of remaining
bonds,
$1,000,000 axe for extensions
Subj. to call as
Sk. fd. of $9,008
per ann. on Initial $1,000,000 bonds out commencing Mch. 1 1913.
When
add'l bonds are Issued fund shall be increased by such arnt. as will retire
2-3 of such add'l bonds issued.
$9,000 held alive in sinking fund.
1st mtge.
and $500,000 to be issued only under certain conditions!
whole but not In part at 102 )4 and Int. on any int. day.
a
EARNINGS.—From May 1 to Dec. 31 1912, gross, $14*6,488; net, after
taxes, $53,679; other inc., $291; bond int., $33,333; sink, fd., $6,000;
surplus, $14,637.
ROAD.—Operates 45.10 miles of road between Indianapolis and Craw¬
Standard gauge.
70 and 85-lb. T rails.
An extension from
fordsvllle.
Crawfordsvllle to western boundary of Indiana
east of City of Danville,
Ind., Is proposed.
OFFICERS.—Pres., John J. Appel: V.-P., Robert I. Todd; Sec. & Treas.
Robt. I. Todd. V. 94, p. 1449, 1565, 1695.
Jos. A. McGowan; Gen. Mgr.,
a
franchises expire 1952; principal lighting franchise perpetual; other
chises average 30 years from
Jan. 1 1906.
fran¬
Leases Terre Haute As Western
Railway Co.
STOCK AND BONDS—
Common, $2,000,000 ($100)
Date.
Interest.
—M-S
Outstanding.
Maturity.
.See text,
$2,000,000
1,000.000 Sept'13, 3%
First cons, ratge. $5,000,000"! 1904
3,170.000
May
1 1944
5 g M-N
gold..
J Interest at State Street Trust Co., Boston.
Terre Haute Electric 1st mtg.l 1899
5 g J-J
1,5.00,000 July 11929
$1,500,000 gold ($1,000) c*jlnt. at Boston Safe Dep.A Tr. Co.. Boston.
Bonds.—The Union Trust Co. of Indianapolis and the Boston Safe Deposit
& Trust Co, are joint trustees of the Terre Haute Electric mtge
Or the
$5,000,000 consols* $1,500,000 are reserved to retire prior liens.
The new
bonds are callable as a whole at 110 and Int. on any Int. date.
A sinking
..
Pref., $1,000,000 ($100) 6 % cu
Indianapolis & Martinsville Rapid Transit Co.
Leased.—In April 1907 was leased to the Terre Haute Indianapolis &
East. Trac. for 999 years.
The latter co. will pay the Int. on the bonds; also
$500 per year for organization
V. 84, p. 749.
The Terre Haute Ind. &
completed in May 1903.
the
1 yeai, 4% for 1 year, and
zation expenses.
V. 84, p.
(4)
*
;
OFFICERS.—Pres., Henry Jameson; V.-P., H. S. *NeW; V.-P., H. P.
Hibbon; Sec. & Treas., Jos. A. McGowan; Asst. Sec. & Treas., W. F.
Milholland, Indianapolis.—V. 79, p. 151; V. 88, p. 1499
(2)
OFFICERS.—Pres., Robt. I. Todd; V. Ps., Chas. Murdock and Harry
_
Deposit Co.,
See text.
text"
S. New; Sec. & Treas., Jos. A. McGowan.
$62,341; other Inc., $500; bond int,, $37,500;
$200,000 (SI,000) —
J Fidelity Tr. Co., Philadelphia, trustee.
5 J-J
75,000
See text.
Equip- certificates Series "B"| 1911
$100.000,
----J Fidelity Trust Co., Philadelphia, trustee.
1913
5
M-S
95,000
See text
Equip, certificates Series ' O '
Fidelity Trust Co., Philadelphia, trustee.
$100,000.
Interest on Citizens' consols at Fourtn Street Nat. Bank, Philadelphia.
The mortgage of 1899 was for $7,000,000, but $1,000,000 has been can¬
celed.
No bonds reserved for the Citizens' consols.
The company binds
Itself td pay to the Indiana Trus,t Co. a sum annually sufficient to redeem
at maturity the greater part of the entire Issue of Indianapolis Street Ry.
bonds; this provision Is guaranteed by the Indianapolis Traction & Terminal
Co.
See V. 76, p. 542; $475,000 held In sinking fund Sept.- 11913.
Equip,
certificates Series "A" mature $10,000 on May 1 and Nov. 1 each year until
paid in full.
$80,000 have been retired.
They cover purchase of 54 new
cars.
V. 88, p. 1499.
iSeries "B" mature $5,000 on Jan. 1 and July 1 in
each year until paid in full.
$20,000 have been retired.
They cover pur¬
chase Of 25 new cars.
Series "G" mature $5,000 on Mar. 1 and Sept. 1 each
year until paid in full.
They cover 25 new cars.
'
Stock and bonds listed on Phila. Stock Exchange.
Y. 69, p. 851.
.
2,470,000 Mar. 11923
($1,000)
c*JInt. at Knickerbocker,Tr. Co., N. Y., Trust.
Bonds.—'The remaining $530,000 for Improvements, Ac.,at 50% and 75%
cost.
No s. f., but bonds can be called on any Int.date at 110 and Int.
July'13,3%
Jan. 1 1933
May 11933
Central Trust Co., New York, Trustee.
See
5 g M-S
Crawfordsvllle.
Outstanding. Maturity Ac
Capital stock ($100)
----•
J-J
$5,000,000
Indianapolis St.
Ry. gen.) 1899
4 g J-J
6,000,000
M.
$6,000,000,
gold ^Interest at Guar. Trust it Safe
($1 000), guar
—-_c*J
Phlla., Trustee.
Citizens'
St.
Ry.
1st M.,\ 1893
5 g M-N
4,000,000
Maturity.
____
450,000
ROAD.—Embraces 92.25 miles of track between Indianapolis, Zlonsvllle, Lebanon, Frankfort and Lafayette, incl. a branch from Lebanon to
Standard gauge; 70-lb.
T-ratl.
Operates 20 vestibule
and 4 freight cars.
Power house and car barn are at Lebanon.
V, 88,
p. 295; V. 92. p. 59.
After
acquiring the Citizens' Street RR. of Indianapolis and the City Railroad,
made a contract with the City of Indianapolis agreeing to surrender the
rights and franchises of both companies and accept a new franchise running
only thirty-four years.
The contract also provides that cash fares are not
to exceed five cents, with free transfers, and tickets are to be sold at the rate
of six for twenty-five cents and tWenty-five for one dollar.
The company also binds itself to pay over to the city (which is to expend
It on the public works) the sum of $30,000 yearly from 1899 to 1925, and
$50,000 yearly from 1926 to 1932, inclusive, the contract expiring In 1933—
see V. 68, page 723.
The city gets the right to purchase the property "at
any time within two years ahd not later than one year before the expiration
of this contract." nothing to be paid for the value of the franchise.
Law
sustained May 1902.
V. 74, p. 936
As to the three-cent fare case, which the U. S. Court of Appeals decided
In favor of the Citizens' Co. In Dee. 1897, see Supplement of Nov. 1898, and
V. 64, p, 842, 1180; V. 65, p. 51, 181, 1172.
Guarantees the ($400,000) bonds of Broad Ripple Traction Co., and owns
75 % of its stock.
Lease.-—On Dec. 29 1902 was leased to the Indianapolis Traction & Ter¬
minal Co. for 81 years.
See V. 75, p. 1301.
Lease provides for dividend of
1 % Jan. 1 1003, then 3 % In semi-annual Installments for first year, 4 % for
second year, 5% for third year and 6% after July 1906.
Outstanding.
$2,550,000
Q-J
EARNINGS.—-For year ending Dec. 31 1912, gross, $441,461; net, after
taxes, $149,903; other inc., $500; bond Int.. $123,500; surplus, $28,903.
In
1911, gross, $431,557; net, after taxes. $164,909; other inc., $500; bond int..
$123,500; bal., $41,909.
Appel; Sec. & Treas., W. F. Milholland.
V. 81, p. 264; V, 82, p. 627;
V.83, p. 1411; V. 87, p. 1664; V. 90, p. 1101, 1239; V. 94, p. 207.
$4,000,000 gold($1,000)_c*f
Equip, certificates'Series "A'
Interest.
Pref. ($1,000,000) 5% cum.- —
1st mtge.,
$3,000,000, gold] 1903
-----
STOCK AND BONDS—
Date.
Common, $2,550,000
——
(a)
J.
i
Northwestern Traction Co.—An electric road.
STOCK AND BONDS—
.
EARNINGS.—For calendar years:
Year—
Gross.
Net.
Charges.
Surplus. Dividend. Balance.
1912 .>_.„$3,343,640 $1,465,477 $1,326,181 $139,296 $200,OOOdf$60,704
1911
3,242,784
1,54.8,102
1,292,848
255,254
250,000
5,254
1910
3.141,213
1,574,076
1,261,504
312,572
100,000
212,572
ORGANIZATION.—Incorporated
E.
.
Owns electrical and steam equipment of 7,000 k. w. capacity.
double-truck closed and 35 double-truck open city cars.
Also
the Indianapolis Street Ry.
Seo.,
6f
located in Indianapolis;
also real estate on which same are constructed.
This terminal Is used by all interurban roads (13 in number) entering Indi¬
anapolis.
Indianapolis &
O'Halr;
ORGANIZATION.—Organized in 1902 In Indiana.
Operates a modern
high-speed Interurban railroad, standard-gauge, located upon private right
way outside of the city corporate limits.
Extends northwesterly from
the city of Indianapolis through the cities of Lebanon and Frankfort to the
city of Lafayette, with a branch from Lebanon to Crawfordsvllle, each of
which cities Is the county seat of Its respective county.
Has trackage
rights to the business centres of Indianapolis and Lafayette.
The franchises run for 31 to 50 years from 1907 and permit the
carrying
of freight, express and mall, as well as passengers.
$602,000 held in sinking fund Sept, 11913.
1%,
$58,936;
net, after taxes,
surplus, $14,495.
In
other income, $500; deduc¬
gross,
■tock and $500 per year for organization.
V. 84, p 869.
Entire Issue of common stock, except directors' shares. Is owned by the
Terre Haute Indianapolis & Eastern Traction.
sinking fund provides for the payment annually of 1 1-5% of
See V. 81, p. 264.
1912,
deductions, $12,500;
Lease.—In April 1907 was leased to the Terre
Haute Indianapolis &
Eastern Traction for 999 years.
The latter .company will pay the Interest
on the bonds; also IW%
quar. or 5% per annum on the $450,000 pref.
bonds outstanding. Including those in the sinking fund.
See V. 76, p. 1085.
Bonds may be drawn for sinking fund at 102 H and int. and are subj. to call
Dividends.—First dividend on stock,
year
OFFICERS.—Pres., T. F. Grover; V.-P., F. T.
Davis; Treas., John E. Lamb.—V. 90, p. 1555.
for all passengers carried in the city limits and an
additional 1 cent for.those using the terminal station.
V. 81, p. 264.
at that
cal.
other Income, $500;
1911, gross, $55,006; net, after taxes, $25,547;
tions. $12,500; balance, $13,547.
cents per passenger
Bonds.—A
$394,342
354,546
329,437
com.
Indianapolis Street
$5,000,000,
($1,000), s. f
Balance.
$31,530
30,617
30,880
Began operation Oct. 25 1907
Is entirely on private right-of-way.
Entire
and pref. stock owned by Terre Haute Ind. & Eastern Trae. Co.
-•
acquired by the Terre Haute Indianapolis &
.
mort.,
Sink.Fd.
ORGANIZATION.—Incorporated In 1907 In Illinois.
Road extends
from the Indiana State line near Sandford, Ind., to Paris, 111., n.6 miles
city 4 cents per car for the first 11 years, 6 cents for the next 10 years and 9
cents for the remaining 10 years.
On Dec. 29 1902 leased for 31 years the
1st
—
Deduc.
$261,030
255,664
255,440
(a) Terre Haute & Western Ry. Co.—An electric road.
Leased to Terre Haute Traction & Light Co. for 999 years from Nov. 1907.
Interurban electric roads now entering or yet to enter Indianapolis.
Fran¬
chise is for 31 years, under the terms of which the company is to pay the
Stock, $5,000,000
—
$1,000
1,000
1,000
OFFICERS.—Pres., (vacant;;
V.-P., Robt. I. Todd; Sec. & Treas.,
Joseph A. McGowan; Asst. Sec. & Asst. Treas., E. J. Davis.—V. 84.? p.
750; V. 90, p. 1555.
ORGANIZATION.—Incorporated In Indiana on Aug. 4 ,1902 with
$500,000 capital, which was increased in Jan. 1903 to $5,000,000 to
lease the Indianapolis St. Ry. and to provide terminal facilities for all
3
639,827
614,757
ROAD.—Embraces 100.25 miles of track In Terre Haute, Including lines
Terre Haute to West Terre Haute, Clinton, Brazil, Sullivan. Ind..
and Paris, 111.
Ralls, 60 to 80 lbs.
95 cars.
V. 90, p. 1101, 1239.
Eastern Traction.
$685,902
1,224,582
1,221,307
from
Appel; Sec. & Treas., Jos. A. McGowan;
Directors.—Robt. I. Todd, Randal Morgan, W. Kelsey Schoepf, Harry
8. New, J. J. Appel, Jos. A. McGowan and E. B. Peck.
V. 90, p. 1103,
1240, 1364, 1491, 1555; V. 91, p. 718; V. 92, p. 396, 1375; V. 94, p. 209,
1567; V. 95, p. 892; V. 96, p. 717.
(1)
.$1,311,772
1911
OFFICERS.—Pres., Robt. I. Todd; V.-Ps., E. B. Peck and John J.
In
xcvii.
fund of 1 % of outstanding bonds commenced May 1 1906.
$224,000 was
held by this fund Sept. 1 1913.
The United States Trust Co. of Terre
Haute and the State Street Trust Co.of Boston are trustees of this mtge.
See V. 78, p. 2013.
ROAD.—Operates a modern high-speed electric railway over lines
which comprise a continuous route from and Including the city of Paris in
Illinois through the city of Terre Haute and towns of Brazil, Greencastle,
Amo, Clayton and Plalnfleld, to the city of Indianapolis, and thence through
the towns of Greenfield, Knlghtstown, New Castle and Cambridge City, to
the city of Richmond In Indiana; also a line running Bouth from Indianap¬
olis to Martinsville, Ind.; a line running west from Indianapolis to Danville,
Ind.; a line running northwest from Indianapolis to Lafayette, with a
branch to Crawfordsvllle; a line running northwest from Indianapolis direct
to Crawfordsvllle and from Terre Haute a line north to Clinton, Ind., and a
line south to Sullivan, Ind.
Also operates the city lines In Indianapolis,
Terre Haute and Richmond.
Total miles In single track: city lines, Indi¬
anapolis, 132.87; Terre Haute. 26.39; and Richmond, 9.71; total, 168.97;
Interurban lines, total, 388.
Grand total, entire system, 556.97 miles.
,
[Vol.
——
M-S
INDIANAPOLIS & CINCINNATI TRACTION CO.
ORGANIZATION.—Incorporated In Indiana on Nov. 17 1910 as succes¬
to the old Indianapolis & Cincinnati Trao. Co., sold at foreclosure Nov. 18
1910.
V. 91, p. 1385, 1025.
In 1911 acquired the Indianapolis & Southeastern Trao. Co. (all of whose
com. and $30,000 1st M. bonds the old Indianapolis & Cincinnati Trao. Co.
had owned and to which company the Ind. & Southeastern was leased) and
sor
V. 92, p. 881, 956.
Private right of way except in
and towns.
County franchises perpetual.
Franchises In cities and
50 years (the oldest being dated 1904), 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. & O. Light & Power Co. was incorporated with nomi¬
canceled Its com. stock.
cities
towns are for
nal ($900) capital
and power to the
stock In the interest of the traction co. to furnish light
communities along the company's route".
Sept..
In Feb. 1913 the I. & C. Electric RR.
was
Franchises granted May 13 1908 are for 99 years and cover double-traoked
portion of road. Other parts of system private right of way or franchises
perpetual.
incorp. with $10,000 capital
Cincinnati by way
later be merged with the
stock to extend the traction co's lines from Rushville to
of Brookville, Ind., and Harrison, O.
It may
Cincinnati Harrison & Indianapolis Trac. Co.
In
STOCK AND BONDS—
1913 acquired control of the Cincinnati <fc Westwood RR., a
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.
April
BONDS—
STOCK AND
Date.
Pref $1,000,000
(see text)
$4,850,000 ($1,-1
First
mtge
000) gold
1910
Ind
except to retire prior liens.
They are guar,, p. «Ss 1.,
No sinking fund.
.
JACKSON, MISS.
jackson light and traction co.
Controlled by American Public Utilities Co.
ORGANIZATION.—Incorp. in Miss, lq May 1912 to combine local gas,
electrio light and power and street railway properties.
Has contract for
city electric lighting running to April 1923.
Franchises extend beyond
April 1 1922.
Bonds.—Ind. & Cin. Trac. 1st M. Is divided Into 3 classes, A. B and C.
Class A, $1,300,000, all out; Class B, $200,000, none issued, and Class O,
f3,350,000
which
$100,000
outst'g),
for
iraprovem'ts,
Entire(of
series
of bonds
of each
class reserved
is subject
to extens.,
call on or
after July 1
c.
Maturity
$1,000,000
520,000
First mtge $2,500,000 gold! 1912
5 A-0
;
894,000 Apr 1 1922
($100, $500 & $1,000) 8 f.c*/Chic. Savings
Bank & Tr. Co., Trustee
Bonds.—Remaining $1,606,000 bonds are for impts., add'ns and extens.
under certain restrictions.
Subj. to call on any int. date on or after
April 1 1914 at 105 and int.
Sk. fd. of 2 % of bonds out begins Feb. 1 1914.
Int. in Chic, and at N. Y. office of P. W. Brooks & Co.
See V. 94, p. 1566.
EARNINGS.—For 12 mos. end. Mar. 31 1913, gross, $298 393; net,
after taxes, $124,030; int. on bonds, $44,700; bal. for divs., $79,330.
ROAD.—Owns 14 miles of track.
Standard gauge.
18 pass. cars.
—V. 94, p. 1566.
■
■
BONDS—
STOCK AND
As to priority of different series, see V. 92, p. 956.
Ind. & S. E. bonds, $452,000 is reserved for prior liens.
They are subject to call on any int. date at 105 and int.
Of the Ind. Shelby.
& S. E. bonds, the entire issue may be called on any int. 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
1913 at 105 and int.
Outstanding.
Interest.
Date.
Common $1,000,000 ($100)
Pref. 6% cum. $600,000
Of the $1,000,000
retired.
paid in 1911, 1%%; in 1912, 1%.
net, $183,727;
E. pref., $165,597;
EARNINGS.—For calendar year 1912, gross. $454,731;
other income, $2,920; int., taxes add divs. on I. & S.
dlvs. on I. & O. Tr. pref., $10,050; surplus, $11,001.
1908,4%
Treas.", H. A.Clark.—V.84,p. 130/7; V.85.p.40; V.94.p. 123; V.95, p. 1207;
V. 96, p. 1021.
■.
■
'
Stock.—Ind. & Cln. Trac. pref. is entitled to non-cum. dlvs. of 2% until
July 1 1911, then Increasing 1% yearly to July 1 1913; thereafter 5% per
annum.
Ind. & S. E. pref. Is redeemable at 105 and accrued dlv. on any
dividend date.
See V. 81, p. 1375.
been
Maturity.
$325,000
475,000
J-J
by N. Y. Auburn & Lansing RR.
ROAD.—Owns and operates 8.29 miles of track.
Ralls 80-lb.
OFFICERS.—Pres., A. H. Flint; V.-P., Chas. W. McChesney; Sec. and
-
Dividends.—On pref.
g
„
& S E
have
5
Bonds.-r— No more bonds of 1907 can be Issued
They are subject to call at 107.
(see text)
o*j Interest at Central Trust Co., N. Y., Trustee.
pf stk $600,000($100)
A-0
600.000 In 1911, 5%
1st M $1,000,000T 1905
5 g J-J
548,000 July 1 1935
gold ($1,000)
jlnt. at Farmers' Loan & Tr. Co.,N.Y., Trus.
Ind Shelbyv & Southeast lstl
1902
5 g J-J
452,000 Jan 1 1932
M $500 000 g ($1,000) s
f__/Int. at Amer. Tr. & Sav. Bk., Chicago, Trus.
I & S E
1907
-
Maturity
$2,000,000
1,000,000 In 1912,1%
1,400,000 July 1 1940
J-J
5 J-J
Outstanding.
Interest.
July 1 1957
gold
-C* [Int. at Knickerbocker Trust Co., N.Y., Trus.
1892
6 J-J
First mortgage, $175,000
175,000 July 1 1922
J
Int. payable at Farmers L. & Tr. Co., N. Y.
Second mortgage, $75,000_._; 1894
6 J-J
75,000 July 1 1922
Cayuga Lake Elec 1st mtge gu. 1894
6 J-D
25,000 June 1 1922
Outstanding.
Interest,
Common $2,000,000
Date.
stock. $325,000 (par $100)
Consol. mortgage, $750,000,1
narrow-gauge
•
67
ELECTRIC RAILWAYS
1913.]
-
ROAD.—Operates 58 miles of track from Indianapolis via Rushville to
49 miles of track from Indianapolis via Shelby ville to
,
Connersville and
Greensburg.
Total 105 miles of track.
An extension from Greensburg to
Harrison, O., is proposed.
60 and 70-lb. T rails.
20 passenger cars and
JACKSON, TENN.
jackson railway & light co.
ORGANIZATION.—Incorporated in Tennessee in July 1906, and is suooessor to the Jackson & Suburban Street Railroad Co.
Franchise expires
4 express cars.
OFFICERS.—Pres., Chas. L. Henry. Indianapolis; V.-P„ T. F. Rose,
Sec., John J. Appel, Indianapolis; Treas., John F. Wild, Indianap¬
Office, Indianapolis.—V. 91, p. 1025, 1385; V. 92, p. 322, 881, 956;
Muncie:
V.
96,
p.
1297.
owns
STOCK AND BONDS—
1st
ironwood & bessemer railway &
light co.
„
ORGANIZATION.—Incorporated in Wisconsin.
Is a consolidation of
Counties Ry. & Lt. Co.
Controls the electric light, power and street railway business 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.
Franchises in Ironwood and Bessemer expire in 1941.
In Wisconsin operates under indeter¬
the Ashland Power Co. and the Gogebic & Iron
($100)
Wisconsin RR. Comm. has auth. the issue of $1,344,000 1st mtge.
$1,179,000
are
EARNINGS.—For
STOCK AND
BONDS.—
Maturity.
161,000 See text
First mtge $2,500,000
gold] 1911
1,179,000
Feb. 1 1936
sinking fund ($1,000)
c*J Int. at American Trust Co., Boston, Trustee.
Ash Lt. P & St Ry 1st mtgef 1909
5 g J-J
480,000
Jan
1939
$1,000,000 g ($1,000)-c&ri Int. at Chicago Sav. Bk. & Tr. Co., Trustee
I
(Leverett Thompson of Chic., co-Trustee.)
Bonds.—Remaining Ironwood & Bessemer 1st M. bonds may be issued
for 75% of cost of new property under certain restrictions.
They are sub¬
ject to call on any Int. date after Feb. 1 1915 at 104 and int. for sinking fund.
Sinking fund provides for retirement of 1 % of outstanding bonds beginning
with year ending Feb. 1 1916.
Ashland Lt., Pow. & St. Ry. bonds are sub¬
ject to call on any int. day at 104 in and after 1914.
Sinking fund of 1 %
of bonds
out
Q-M
5 F-A
per
annum
ROAD.—Operates 7M miles of line in Ashland and also
in July 1913.
about 7 Vi miles
<
OFFICERS.—Pres., M. M. Reid, Ashland; Sec., Geo. F. Merrill, Ashand; Treas., W. Louis Williams, Boston.—V. 93, p. 1260; V. 96, p. 63.
Maine on
19
1906
as
reor¬
ganization of the Marquette County Gas Light & Traction Co.. sold under
foreclosure.
V. 83, p. 1037.
Does gas and electric light business in Ne-
Ishpemfng.
Street railway, 1936: gas and electric In Ishpeming,
perpetual; In Negaunee, gas, 1933; electric iight, 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.
$750,000
125,000
First
mtge
1910
6 J-J
361,000 Jan 1 1930
($1,000)
c*jlnt. at First Tr.'& Sav. Bk., Chlo., Trustee.
Bonds.—First mtge. bonds are reserved under certain restrictions for
Impr'ts and extens. at 85% of cost thereof.
Sinking fund of 1% of bonds
out from 1913 to 1915, Incl., from 1916 to 1929, incl., 2% yearly.
Red. at
Common
105 and
($100)
$250,000 ($100)
$1,000,000 gold)
$750,000
Pref 6% cum
Int.
on
any
Int. day.
V. 91, p. 1767.
co.—Trolley.
re-incorporation in Mass. In Mch. 1911 (V. 92,.
Does entire electrio railway bus¬
Railway franchise expires in 1932.
pany.
iness In Jacksonville.
$350,000 com. stock Is held by Pub. Serv. Invest. Co.
STOCK AND BONDS—
Date.
Outstanding.
Interest.
Maturity.
$900,000 Aug '13.1 H
500,000 Aug *13,1H
Q-F
6 Q-F
Common $1,000,000 ($100)
Pref 6% cum $500,000 ($100)
First
cons
mtge $5,000,000 \ 1911
5 M-S
750,000 Mch 1 1931
($500 and $1,000)
c^jlnt. at State Street Trust Co., Boston, Trus.
$1,250,-1 1902
5 g M-N
1,245,000 May 1 1927
000 gold ($1,000)
o* j Int. at American Trust Co., Boston. Trustee.
Jacksonv Elec 1st M
2-yr gold notes, $500,000, gj 1913
6 J-D
500,000 June 1 1915
($500 & $1,000), red at lOOilnt. at State Street Tr. Co., Boston, Trustee,
and interest
c*(
the
stock
reported
outstanding
above,
$100,000
com.
Is
held In treasury.
Bonds.—Of the 1st consol. bonds,
$1,245,000 are reserved to retire Jack¬
sonville Elec. 1st M., $5,000 are in treasury and $3,000,000 are for addi¬
tions and impts. at 80% of cost.
Subj. to call as a whole or in part for sink,
fund at 105 and int.
Sink, fund, 1 % 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 sink, fund of 1% annually of
bonds out Commenced May 1 1907, which may be used for exten. and impts.
in
purchase of bonds.
$5,000 bonds have been canceled.,
Elec.
old
rate
CC
com.
6%
annually from Aug.
1
1905 to
quarterly since to and incl. Aug. 1913.
EARNINGS.—For 12
after taxes, $193,464;
Franchises expire:
t
a
881) of the Jacksonville Eleo. Co., which was a consolidation of the Jack¬
sonville St. Ry. Co., the Main St. RR. Co. and the Jacksonville Eleo. Lt. Co.
Stook of old company was exchanged, share for share, for stock of new com¬
Dividends.—On
Nov;
$37,268;
net,
Aug. 1 1910, when rate was increased to 7% and same amount paid to Feb3
1911.
On new Trac. Co. com. initial div.—%—paid in May 1911; same
marquette county gas & electric co.—a trolley road
ORGANIZATION.—Incorporated In
$95,083;
gross,
p.
or
ISHPEMING, MICH.
and
ORGANIZATION.—Is
Stock.—Of
is being paid on preferred.
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
gaunee
jacksonville traction
began in 1912.
Dividends.—6%
1912,
JACKSONVILLE, FLA.
bonds,
$500,000
>
year
surplus. $12,328.
ROAD.—Operates 6.2 miles of track.
60-lb. rail.
OFFICERS.—Pres., Harry Weissinger; V.-P. and Gen. Mgr., S. S. Bush;
Sec. and Treas., Geo. W. Lewis, all of Louisville, Ky.—V. 83, p. 95.
$200,000 to $400,000.
Outstanding.
Interest.
Date.
Common $500,000 ($100)
Pref $400,000 ($100) 6% cum
calendar
fixed charges, $24,940;
outstanding.
In Jan. 1913 increased its auth. pref. stock from
Maturity.
—
$600,000
mtge
minate franchise.
of which
Outstanding.
Interest.
Date.
$548,900
1
($1,000)1 1906
5 g J-J
494,000 Jan
1 1937
No 8 i.
Redeem at 105_.cfColumbia Trust Co., Louisville, Trustee.
Stock and Bonds.—$51,100 stock and $6,000 bonds are held in treasury.
Stock $600,000
IRONWOOD, MICH.
Does lighting and power business
park of 15 acres.
a
addition to street railway.
In
^
'
Also
In 1937.
olis.
„
EARNINGS.—For calendar year 1912, gross, $128,303; net,$44 ,757;"
charges. $31,241; surplus,$13,516.
ROAD.—Operates 4 H miles of track in and between Negaunee and
Ishpeming.
OFFICERS.—Pres., L. E. Myers; V,-P., W. J. McCorkindale; Gen.
Mgr., A. O. Harrington, Ishpeming; Sec. & Treas., W. H. P. Weston, 1117
Monadnobk Bldg., Chicago.—V. 91, p. 1767; V. 94, p. 279, 351. '
mos. ending June 30 1913,.gross, $593,015;
net,
int., $114,553; impt. fund, $12,442; bal., $66,469.
ROAD.—Operates 45.01 miles of track.
Has 92 cars.
Gauge 5 ft.
OFFICERS.—Pres., Geo. J. Baldwin, Savannah, Ga.rV.-Ps., Chas. F.
Wallace, Guy L. Weymouth and Harry H. Hunt; Treas., Henry B. Sawyer;
Sec., Alvah K. Todd; Mgr., Hardy Croom. Jacksonville, Fla.: Gen. Mgrs.,
Stone & Webster Mgt. Assn., Boston.—'V. 92, p. 881,
1564^ V. 97, p. 117.
JAMESTOWN,
N. Y.
jamestown street railway.—Trolley.
ORGANIZATION.—Incorporated Oc$- 18 1883. Franchise runs till 1982.
Strike.—On May 1 1913 the employees of this company and the Chau¬
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.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $250,000 (par $50)
--$250,000
1st mortgage $300,000 gold!
1893
fl g J-J
' 300,000 Jan
2 1923
($1,000)
o'JInt. at Guaranty Trust Co., N. Y., Trustee.
Current liabilities June 30 1913
1,058,987
EARNINGS.—For
$18,877;
ITHACA, N. Y.
ithaca street railway.
Receivership.—On Jan. 6 1912,'in action brought by Knickerbocker Tr.
Dwight and Roger B. Williams Jr.,
appointed receivers for the Ithaca St. Ry. V. 94, p. 123. Int. due
July 1 1911 on consol. mtge. is in default.
Coupons on all other issues have
been paid to date.
A bondholders' committee has been formed with H. W.
Fitz, Chairman, Pawtucket, R. I.
The N. Y. Auburn & Lansing RR., an
allied steam road, is also in the hands of the same receivers.
The bond¬
holders' committee of this road has applied to the P. S. Comm. for approval
of a plan of reorganization which provides that the successor company, which
would take over the Auburn Co. after foreclosure sale, shall lease the suc¬
cessor of the street railway co. and shall
be auth. to issue new securities
Co. under the 1st consol. mtge., John W.
were
as
follows:
year ending June 30 1913, gross, $239,070;
net
other income, $13,052; charges, $99,816; deficit, $67,887.
ROAD.—Owns
26.545
miles of track,
55 cars,
2 sweepers.
Broadhead; Sec. and
Maltby, all of Jamestown.
OFFICERS.—Pres., A. N.
head: Gen. Mgr., G. E.
chautauqua traction co.—A trolley road.
ORGANIZATION.—Incorporated In New York
on
March 7
190*.
controlled by the same Interests as the Jamestown Street Ry.
Strike.—-See remarks under Jamestown Street Railway.
STOCK
AND
Stock, $500,000
BONDS—
Date.
Interest.
Outstanding.
($100)
1st mortgage, $600,000,
($1,000)
Bonds.—$100,000 are reserved for extensions, &c.
are not
Maturity.
$500,000
goldl 1904
5 g A-O
159,000
Apr. 1 1934
c/Int. at-Title Guar. &Tr. Co., N. Y., Trustee.
Current liabilities June 30 1913
(1) $1,450,000 cum. pref. stock in exchange, $ for $, for such of the $475,000 consol. 5s of the Ithaca St. Ry. and the $975,000 1st M. bonds of the
N. Y. Auburn & Lansing as shall assent to the plan.
(2) $1,000,000 com.
stock to besoid, along with $900,000 new bonds.
(3) $4,000,000 1st & ref.
5% bonds, of which $900,000 would be sold forthwith (to take up receivers'
certificates, cover cost of reorganization, &c.); $310,000 would be reservedto retire at maturity $275,000 underlying bonds of Ithaca St. Ry. and $2,$790,000 would be held for future extensions and additions. SeeV. 96, p.1022
Treas., S. B. Broad
568,733
No sinking fund and
subject to call.
the stocks of the Cayuga Lake Eleo. Ry. and Ithaca & Cayuga Heights Ry..
which roads were formerly leased*
In June 1907 the New York Railroad
ending June 30 1913, gross, $178,341; net,
$69,923; other income, $3,132; charges, $99,270; deficit, $26,215.
ROAD.—Operates 26.73 miles of track from Lake wood, where connec¬
tion Is made with the Jamestown St. Ry., to Mayvllle, there connecting
with the Pennsylvania RR., and to WCstfleld, N. Y.,connecting there wltn
the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis Ry., and
from Westfleld to Barcelona-on-lake Erie. Standard gauge; 80-lb. T rail.
OFFICERS.—Pres., A. N
Broadhead; V.-P., Wm. Broadhead; Treaa.
S. B. Broadhead; Sec., W. R. Reynolds; Mgr., Geo. E. Maltby; Sunt.
Commissioners authorized a new mortgage for $750,000. as below.
Austin A.
ORGANIZATION.—Chartered Nov.
18
1884.
In June
1908
acquired
EARNINGS.—For
Harvey.
year
f
68
ELECTRIC RAILWAYS
JERSEY
STOCK AND BONDS—
CITY, N. J.
*■
JOLIET, ILL.
JOLIET & SOUTHERN TRACTION CO.
-.
Receivership.—On Feb. 4 1911 Judge Carnes in Kane County Court, on
epplication of creditors, appointed H. A. Fisher (Pres. of oo.) and Daniel
Peterkin receivers.
V. 92, d. 395.
A bondholders' committee has been
formed.
V. 92, p. 1636.
No bond interest has been paid since receivership.
On Nov. 23 1911 Cont. & Comm. Tr. & Sav. Bk., as trustee, began fore¬
closure proceedings in
Kane County Circuit Court.
V. 93. p. 1191. 1532.
The property is to be sold under foreclosure of both mortgages on Nov. 18
V. 97, p. 803.
ORGANIZATION.—In January 1907 purchased the Jollet Plalnfleld
Aurora RR., which it now operates.
STOCK
AND
BONDS—
Date.
Interest.
&
Outstanding
Maturity.
$1,500,000
—
J.
stock, $1,500,000 ($100)
1st
mtge,
$1,500,000,
gold!
1907
5 g F-A
1,211,400
See text.
($100, $500 and $1,000) _c»/Int. at Cont. & Com. Tr. & S. Bk.,Chic.,Trus
Jol P & A RR $400,000, gold) 1903
5 g F-A
397,000 Aug 1 1938
($1,000)
..c^&r/Int. at Cont. & Com. Tr. & Sav.Bk.,Ch., Tr.
BONDS.—First mtge. bonds mature serially ending 1942.
They are
subject to call at 105 and int. on any int. day after 1912. , $400,000 are re¬
served to retire the Jollet Plalnfleld & Aurora RR. bonds.
The latter are
subject to call on any int. date after 10 years at 105 and Int.; a sink, fund of
J2% of gross earns, began Aug. 1 1909, but at least $3,000 yearly 1909 to
1929; thereafter $4,000 yearly; $3,000 have been retired,
EARNINGS.—For
calendar year 1911, gross, $108,938; net, $35,284.
ROAD.—Operates 45 miles of track between Jollet and Aurora and Jollet
and Chicago Heights and 2T miles of track in Joliet.
It was proposed to ex¬
tend road from Chicago Heights to Hammond, 14 miles.
Forms a connect¬
link between Chicago & Joliet Elec. and Aurora Elgin & Chic. RR.
Has
entrance and terminal at Joliet, and with a sub-station of its
is getting its power from the Economy Co.
Has a long-time contract
for use of terminals at Aurora.
60-lb. T rail, standard gauge.
ing
independent
own
OFFICERS.—Pres..
H.
A.
Fisher;
V.-P.,
Raymond; Sec.,
V.93,p.ll91. 1532.
M.
John
J. K. Newhall; Treas., L. D. Fisher.—V.92,p.395, 1636;
V. 97, p. 803.
/
».
BLOOMINGTON PONTIAC & JOLIET ELECTRIC RY.—A trolley road.
It was reported In Feb. 1913 that the road, w 1th all its franchises between
by the Public Service Corp. of
Joliet and Bloomington, had been purchased
Northern Illinois.
V. 96, p. 651.
Default.—Interest on 1st mtge. bonds has never been paid.
ORGANIZATION.—Incorporated In 1903.
Private right of way except
In cities, where franchises run 50 years.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2,500,000 ($100)
$300,000
1st
mortgage,
$2,500,000,1 1905
5 g M S
480.000 Sept 11935
g ($100, $500 and $1,000).Jlnt. atAmer. Tr. & Sav. Bk.. Chic.. Trustee.
BONDS.—Sub. to call at 105 & int. any int. date. No s. f. V. 90, p. 235.
ROAD.—Has under construction a line to connect the points named in
the title, of which 20 miles, between Pontlac and Dwight, is in operation.
10 more miles from Pontlac to Chenoa is about 45% completed.
OFFICERS.—Pres., H. A. Fisher; V.-P., D. S. Meyers; Treas., L. D.
Fisher; Sec., John K. Newhall; Gen. Mgr., F. E. Fisher.—V. 85. p. 1004:
V, 00, p. 235: V. 96, p. 651.
Oorrigan
M.
Franchise.—The franchise of the Kansas City Electric Light
perpetual.
Receivership.—On June
Robt. J. Dunham (Ch. of
'
'
.
3 1911 Federal Judge W. G. Hook appointed
K. C. Ry. & Lt. board of directors) of Chic, and
F. Harvey of Kansas City receivers for the Metropolitan
Central Elec. Ry. and Kansas City Elev. Ry. (V. 92, p. 1564)
It
Ford
St. Ry.
Is stated
appointed at the instance of bankers to conserve the
property until satisfactory franchise relations with the city can be effected.
No defaults have occurred.
V. 93, p. 1191.
See formal, statement byR. J. Dunham and bankers' circular in V. 92, p. 1565.
Protective com¬
mittees have been formed calling for deposits of Kansas City and Metro¬
politan bonds.
V. 92, p. 1565.
On June 14 1912 suit was brought to
foreclose the Met. St. Ry. consolidated mortgage.
V. 94, p. 1627; V. 95,
p. 1207.
Payment of the matured Kansas City and Metropolitan bonds
can only be made through a re-financing/ to which the present franchise
(expiring in 1925) is unfavorable.
Negotiations are being carried on with
the city officials, and it Ls hoped that in the near future a franchise which
will make re-financing possible will be granted.
On June 24 1913 Judge
Hook of the U.S. District Court Instructed the receivers of the Metropolitan
* St.
Ry. to resume negotiations with the city on the basis of the offer
of Mayor Jost.
See V. 97, p. 49 and 443.
Interest due May 1 1913 on
Met. St. Ky. cons, bonds was paid.
V. 96, p. 1297.
Int. due May 151913
on Kansas City 1st lien ref. bonds was also paid.
V. 96, p. 1423. Inviewof
foreclosure proceedings, a stockholders' committee has been formed with
Continental & Commercial Trust & Savings Bank, Chicago, depositary.
V. 95, p. 176, 236.
See that committee's circular in V. 95, p. 297.
A
noteholders' protective committee has also been formed (C. M. Travis,
24 Broad Street, New York, Secretary, and New York Trust Co., deposi¬
tary;
Old Colony Trust Co., Boston, agent of depositary), calling for
deposit of Kansas City Ry. & Light 6% notes.
V. 95, p. 420, 752.
Int.
on these notes was paid Sept; 1
1912.
V. 95. p. 618.
Int. from Sept. 1
1912 to Mar. 1 1913 and from Mar. 1 1913 to Sept. 1 1913; at the rate of 7%
that receivers
were
per annum,1 was also paid.
V. 96, p. 653.
On June
Hook in the United States Circuit Court authorized the
15 1911 Judge
receivers to pay
prin. & int. of obligations of Metrop. St. Ry. maturing in 1911 to the amount
from earnings of company, provided it would not unduly hamper
of $984,640
-■
operation of road.. See V. 92; p. 1701.
The city in Sept. 1911, having pe¬
titioned Judge Hook to require company to live up to its franchise obliga¬
tions, Special Master Brumbach on Nov. 24 1911 reported,that $8,274,800
would be required provided it should be determined by law that the city
has the right to enforce such requirements.
See Y. 93, p. 1532. *
In Dec. 1912 the company, as holder of the Metropolitan St. Ry. notes
deposited as part security under the bonds of the K. C. Ry. & Lt. Co., de¬
manded payment of the notes and filed a bill of foreclosure of mtge. securing
ths notes.
V. 96, p. 789.
9,407,500 Mch.'ll 1 M %
10,200.000
May 15. 1913
Co., N. Y., and Henry C.
Int. at Co.'s agency N. Y.
5,478.000
See text
Underlying Liens.
lstl 1886
5 g J-J
July
156,000
11916
red. at 110/Int. at Centra)[ Trust Co., N. Y. Trustee.
Controlled Companies.
City
Elevated
Ry.l
$600,000 July 1 1922
pref.
($600 000) [1892
6 g J-J
g. ($1,000) guar. p. & i., c*J
2d
M.
2,000,000 July 1 1922
gen'l
($2 000,000)1 1892 '
4 g J-J
g.
($1,000) guar. p. & l.c»/Interest at Manhattan Trust Co., N. Y.
Kan. C.
& Westp. 1st M.,1
$500,000,
gold.
guar.) 1906
5 g J-J
500.000 July 11926
($1,000)
-.--J Interest at N. Y. Trust Co., N. Y., Trustee.
Bonds.—Of the new $20,000,000 mortgage of the Kansas City Ry. & Light
Co., $9,800,000 are reserved for underlying liens.
These bonds are both
ooupon 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 new bonds are redeemable at 105 and Int. on any Int. date. The Metro¬
politan St, Ry., the Kan. City Elec. Lt. Co. and the Cent. Elec. Ry. in May
19J3 mrde mtge, notes aggregating $10,500,000, which are deposited as
collateral under the new Kansas City Ry
& Light Co. mortgage; the share
capital acquired of the Kansas City Elec. Light Co and the Metropolitan
1st
M.
Street Ry. has also been so
deposited.
The 6% notes of 1907 were due Sept. 11912 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 ac¬
crued
Interest.
They are secured by pledge of $5,721,043 notes of
Metropol. St. Ry., $1,008,795 notes of Kan. City Elec. Light Co. and $2,695,000 com. and $2,977,900 pref. stock of the Kan. City Ry. & Lt. Co., and
inch securities of subsidiary companies as are pledged under the Indenture
of May 15 1903, securing the 1st lien ref. gold bonds.
The series "A" notes
are convertible at option of holder into 6 H shares of com. and 7 shares of
pref. stock.
V. 85, p. 284; V. 85, p. 469; V. 86, p. 285.
$22,000 of Ser.
"A"
notes are In treasury.
Metropol. consol. mtge., originally for $8,500,000, fell due May 1 1910 but
extended for 3 years to May 1 1913 and new bonds offered In exch. for
old bonds.
See V. 90, p. 1045.
Mtge. ls closed and limited to $7,500,000.
Remaining bonds are reserved to retire Corrlgan Con. St. Ry. bonds.
V. 90, p. 1044, 1363.
Not subject to call.
;
The bonds of the K. C. & Westport Ry. are guar. prin. and Int. by the
Kansas City Ry. & Light Co., and are subject to call on any Interest date
at 105 and Int. on 90 days' notice.
,
.
•
The East Side Elec. Ry. mtge. originally fell due on July 1 1911, but was
extended indefinitely.
was
1st M. preference 6s are guaranteed, principal
by endorsement by the Metropolitan Street Ry.; so are the
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.
Kansas City Elevated Ry.
Interest,
M
Dividends.—First div.,
ORGANIZATION.—Incorporated' in 1903 In New Jersey and ac¬
quired the entire outstanding capital stock of the Metropolitan Street Rail¬
way of Kansas City and the Kansas City Electric Light Co.
(Plan In V.
76. p. 1143.) Through Metropolitan Street Railway stock, the Kansas City
Railway & Light Co. acquired the stock of the Central Electric Railway
Co. and practically all of the stock of the Kansas City Elevated Railway
Co., and, through the stock of the Kansas City Electric Light Co., It ac¬
quired the stock of the Edison Electric Light & Power Co. (of Kansas
City), the Consolidated Electric Light & Power Co., the Standard Electric
Light Co. and the Kansas City Electrical Wire Subway Company—except,
of course, in each Instance the qualification shares held by directors.
Controls all the street railway, electric-lighting and power business In cities
of Kansas City, Mo., and Kansas City, Kan.
«
Owns entire stock of the
Kansas City & Westport Belt Ry. (a steam
road, since converted to electricity), which on June 16 1906 absorbed the
interurban South Side Ry., both having perpetual charters and being or¬
ganized under the General Railroad Law of Missouri; aiso acquired capital
cstock of the Kansas City Heating Co., having a franchise which expires In
1985.
This last distributes steam In the business centre of the city.
Street Railway Franchises.—The franchises of the railway lines in Kansas
City, Mo., in which city the greater part of system Is located, were revised
«nd confirmed In July 1902 and franchises granted for extensions and valu¬
able trackage rights in newly populated portions of the shopping and
delivery districts, all of which franchises are operative to the, uniform date
of June 1 1925.
The railway franchises in Kansas City, Kan., in Dec. 1902
were renewed, and authority was given to build extensions, all for the
maximum period for which the city had power to grant the same, namely
to Dec. 19 1922.
By the terms of the franchises the rate of fare Is definitely
•xed at 5 cents, transfer privileges are provided, and the taxes practically
limited to 8 % of the annual gross receipts.
•
As to the valuations of the Metropolitan Street Ry. property
made by
the company and the city in connection with the negotaitions for a new
.franchise, see V. 96, p. 553.
\
is
^.,
St.
Ry.
M aturi
$9,543,080
Kansas
kansas city railway & light co;
(Oo.
($1,000)
St.
xcyii.
1895
5 g M-N
Ry.
con.
7,242,000
May 1 1913
mortgage
(See text) Int. at Old Colony Trust, Trustee. Boston.
gold ($1,000)
c*&r Interest also payable In New York.
1899
5 g M-N
Cent. Elec. Ry. 1st mort.,
2,000,000
May 11913
$2,500,000
($1,000)
gold, Interest at Trust Co. of Am., N. Y., Trustee
Bonds may be called at 105 on any Interest
guar
c*
day on 30 days' notice.
East Side Elec. Ry. 1st M.,'
1901
5 g J-J
250,000
(See text)
$250,000
gold
($1,000), Int. at Trust Co. of Am, N. Y., Trustee.
not guar,
c* Wm. Huttlg of Kansas City Is also Trustee
2d
KANSAS CITY, MO.
Con.
Metropolitan
and
Electric Light
Outstanding.
Interest.
($100)
Pref., 5%, n. c., $12,500,0005 Q-M
($100)..
1st lien refund, M., $20,000,1903 5 g M-N15
000 gold
c* &r New York Trust
Flower, Trus.
Notes. $5,500,000 ($1,000)
1907
7 M-S
See statement and maps under "Newark. N. J."
1913.
Date.
Common, $12,500,000
public service corporation.
,
[Vol.
and 1H %
1912.
quar.
1H% on pref, stock, was paid on June 1 1904
since then, to and lncl. Mch. 1 1911. None since to Sept.
1375, 1436.
See V. 92, p.
REPORT.—For years ending May 31.
In
1911-12,
119,734,910;
transfers,
Passengers carried for revenue
48,611,540.
Report for 1910-11 In
V. 93, p. 1458.
Gross earnings
1911-12.
1910-11.
1909-10.
$8,350,623
$7,727,680
4,450,534
$7,161,042
53,026
$3,277,146
45,491
$3,007,793
17,399
$3,629,387
2,384,124
$3,322,637
2,398,890
$3,025,191
2,157,962
.$1,245,263
$923,747
(3^)352,781
$867,229
(5)470,375
$570,966
$396,854
.
Operating expenses
4,774,262
Net earnings
$3,576,361
>-
Miscellaneous income
-
Total net earnings
Fixed and other charges__
Surplus
Dividends
on
preferred stock..
.
Balance
$1,245,263
4.153.250
ROAD.—Comprises 138.64 miles of road and 265.9 miles of track. Llghtng
(May 31 1912) equivalent to 1,303,626 16-candle-power Incandescent
amps.
OFFICERS.—Pres., John M. Egan; V.-P., Frank Hagerman; Sec. and
Treas., J. A. Harder; Comp., R. J. Clark.—V. 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.
kansas city-western railway.—A trolley road.
Formerly the Kansas Clty-Leavenworth Railroad and name changed to
Kansas City-Western Ry.
Has long-time franchises In territory served.
Date.
Interest.
Outstanding.
Maturity.
$2,000,000
$5,000,000 gold! 1905
5 g M-S
1,650,000 Sept 1 1925
(coup,
$1,000; r, $1,000,/Interest at Guaranty Trust Co., New York,
$5,000, $10,000)
J
trustee.
Stock and Bonds.—$1,400,000 of bonds were Issued to ref und alike 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 Improve¬
ments; remaining $3,350,000 to be Issued for acquisitions, extensions and
STOCK AND BONDS—
Stock. $2,000,000 ($100)_„.
1st
-
ref mtge
Improvements under customary restrictions. Entire outstanding Issue la
on any Int. date at 105 and Int.
V. 89, p. 1483,
red.
REPORT.—For year ending June 30 1913, gross, $341,822; net, after
fixed charges, $82,500; surplus, $9,662.
In 1912, gross,
$348,900; net, after taxes, $98,147; fixed charges, $82,500; surplus, $15,647.
taxes, $92,162;
ROAD.—Owns and operates 43.75 miles of road, of which about 18 miles
within the city of Leavenworth and 25 M miles between Ft. Leavenworth
are
and Kansas City, Kan.
Enters Kansas City, Mo., over tracks of the Kansas
City Viaduct & Terminal Ry., which owns and operates a steel and con¬
crete viaduct connecting Kansas City, Kan., with Kansas City, Mo.
Has
second entrance into Kansas City over tracks of the Metropolitan Street Ry.
OFFICERS.—O. F. Holmes, Pres.; 0. F. Hutchlngs, V.-P. and Gen. At¬
torney; S. D. Hutchlngs, Sec. and Treas.; J. W. Richardson, Gen. Supt.;
W. M.. Bonar, Aud. - General offloe, Leavenworth, Kan.—V. 89, p. 1483;
V. 90. p. 110, ,368.
missouri & kansas'interurban ry.—Known
as
"Strang Line.'
ORGANIZATION.—Incorporated in Kansas under Gen. RR. law.
In
appointed the previous year was discharged, and old company
resumed control. V..86, p. 1467; V. 89, p. 1281. Motive power changed
from Strang gasoline cars to electricity in 1908. V. 87, p. 614. Hasprivate
right of way about 802feet wide from Kansas City to Olathe.
1909 reeelver
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 ($100)
$1,000,000
1st mortgage $600,000 gold!
1906
5 g J-J
600,000 Jan
1 1956
($1,000)
----O/Fidelity Trust Co., Kansas City, trustee.
—
cal.
EARNINGS.—For
$104,808.
.
•
r
yr.\
1912,
gross,
$108,463.
In* 1911,
gross.
:
ROAD.—Operates 20 miles of road, from Kansas City through Southridge, Morrison Ridge, Milburn Place, Overland Park and Lenexa to Olathe.
Enters Kansas City over tracks of the Metropolitan Street Ry.
70-lb. rails.
Has 13 cars, Including passenger and freight.
OFFICERS.—Pres., W. B. Strang; V.-P., H. C. Brent; Sec. & Treas.,
General offices, Overland Park,
p. 1281.
E. N. Daniels; Gen. Mgr., Thos. Riley.
Kansas.—V. 87, p. 614; V. 89,
KENNETT
PA
Bonds.—$156,000 of the $700,000 consolidated mortgage Is reserved to re¬
City RR. underlying liens; $12,000 have been canceled.
Dividends.—4% was paid yearly on pref. stock since consolidation up to
tire the Kingston
WILMING10N ELECTRIC RY.
having occurred Deo. 1 1910 on 1st M. bonds, all the
plan of management providing that coupons due Deo. 1
canceled, and coupons to June 1 1915 stamped payable
WEST CHESTER KENNETT &
Bonds.—Default
holders assented to
and June 1 1910 be
at rate of 4%.
STOCK AND BONDS.—
$525,000
Common $925,000
($75,000) 6%
Maturity
Outstanding.
Interest.
Date.
gold)
cjlnt. at Integ. T. I. Tf. & S. D.Co..
Grove, Avondale, Ken-
ROAD.—About 20 miles of track between West
Wilmington, connecting at Kennett for West Chester.
The extension from Avondale to Oxford, 12 H miles, has been completed as
Square and
far as West Grove, and is In
60 and 70-lb. T and
OFFICERS.—Pres.,
Gauge, 5 ft. 2\i
operation to that point.
n.
girder rail.
Geo. Kessler, Phlla.; V.-P., Clarence L.
Phlla.; Sec. and Treas., Philip E. Guckes, Phlla.; Supt., H. Baluss,
OFFICERS.—Pres.,
Square, Pa.—V. 91, p. 1575, 1631, 1712; V. 94. p.
$85,652
FrecLT^LeyV Springfield, Mass.; V.-P., Henry O-
Page, Worcester, Mass.;
Seen, Gv B. te Bow, Kingston;
Hasbrouek, New York.—V. 89, p. 225,-529; V. 90, p. 303.
Treas., Abm*
KNOXVILLE, TENN.
PhUa.,Tr.
EARNINGS.—For year ending Dec. 31 1912, gross, $69,973; net, after
taxes, $24,320; 1911, gross, $67,283; net after, taxes, $18,424.
nett
40 cars.
plows.
REPORT.—For year end. 6ec. 51 1912, gross, $156,058; net,
nterest, taxes, &c., $46,434; surplus, $39,218.
;
420,000 June 1 1911
5 g J-D
1905
Rails, 70, 80 and 90-lb.
ROAD.—Embraces 8 miles of track.
snow
75.000
non-cum__
mtge
$1,000,000
($500 and $1,000)
1st
Jan. 1 1911, when 4% was paid.
1908, when 2% was paid Aug. 1.
None to
None since then, up to Sept- 1913.
5
ORGANIZATION.—Incorporated In Pennsylvania on May 24 1901,
and Is a reorganization of a company of the same name sold under foreclosure
In April 1905.
On Feb. 26 1908 absorbed the formerly controlled Oxford
West Grove <fc Avondale St. Ry., which was to build the extension from
Avondale to Oxford.
See V. 86, p. 670.
Pref
69
ELECTRIC RAILWAYS
Sept., 1913.]
Harper.
Kennett
831; V. 95, p.177.
KNOXVILLE RAILWAY &
Controlled by American Cities
LIGHT CO.
Co. (see under New Orleans), which owns
all the stock.
ORGANIZATION.—Incorporated In Tennessee on Aug.5 1905 as aeonand the Knoxville Electric Light A
and all municipal and commercial
electric-lighting and power business In Knoxvllle.
Also controls the
Knoxvllle Park Association, owning two amusement parks.
Franchises
are perpetual, except as to 1 hi miles of street railway, which latter run until
■olldatlon of the Knoxvllle Traction Co.
Power Co.
Does all the street railway
190.
Nov. 28 1946.
In 1911
$1,500,000 com. and $500,000 pref.stock was all made one class
$2,050,000.
contract with Tennessee Power Co. for the pur¬
and Increased to
.
Has favorable long-term
chase of electric power.
KEOKUK, IA.
KEOKUK
Illinois on Dec.5 1911 as successor to
ORGANIZATION.—Incorp. In
the Keokuk Elec. Ry. & Pow. Co., Keokuk Gas & Elec. Co., Hamilton Lt.
& Pow. Co. and Keokuk & Western 111. Elec. Co., control of which was pur¬
Webster of Boston.
Stock (all one class), auth.
($100).
No bonds.
Will do electric railway and
chased In 1911 by Stone &
and
Issued,
$650,000
Bower
business
ghtlng
businessinInKeokuk,
Keokuk la.,
and Hamilton,
Hamilton,
OFFICERS.—Pres., Charles F. Wallace;
Henry B. Sawyer.—V. 93, p.
111.,
and Warsaw,
111.; electrlogas business
In Keokuk.
Sec., Clement R. Ford;
Treas.",
STOCK AND BONDS—
May
1902.
7
t
,
of
Is a reorganization
Co.
t
Outstanding.
Maturity
$200,000 M
Interest.
Dots.
Common, $200,000 ($100)
Pref., $400,000 ($100) 6% cum
110,800
First mtge, $400,000. ($500 &\
1906
5 g J.-J
400,000 July 2 1926
$1,000)_g-_.
_c&r/lnt. at Cont. & Com. Tr.&Sav.Bk.,Chlo., Tr
-
—
Bonds.—Are red. on any Int. day at par
EARNINGS.—For 12
No s. f.
and int._
ending June 30
mos.
1910, gross, $72,905; net,
'
>
deficit, $4,013.
Wetherafleld, * and lnterurban
operated 14 mlles^
70-80-lb
$19,573; int. & taxes, $23,586;
ROAD.—Has city line In Kewanee &
Kewanee and Galva.
Total track
between
T and girder
rails.
Gauge 4 ft. 8 Ml In.
OFFICERS.—Pres., W. H. Lyman;
F. M. Lay; Gen. Mgr.,
$2,050,000
&
ext
mtge
000 g tax free($l,000)--.c*|lnt. at Baltimore Tr. Co.
Bonds.—Of the ref. & ext. mortgage, $3,000,000 are
liens and $5,372,000 are for additions &
Bonds are redeem, at 105 and Int. on 60
market at a price to net not less than 4H%.
Annual sinking fund,
beginning Oct. 1 1915, equal to H of 1 % of total amount of bonds out.
Of
$3,000,000 consols, $824,000 are reserved to retire Knoxvllle Trae. Co.
bonds and $428,000 have been retired.
Bonds are redeemable at 107 H and
Int. on 60 days* notice.' Sink. fd. annually of M of 1% of all bonds out
•. • "> •...
„
V.-P., H. W. Crane; Sec.
<
: >
.
8b Treas.,
R. H. Hayward.
began Sept. 1 1910, and after 5 years
(lncl. Knoxvllle Trac. bonds)
creased tol % annually.
$29,000 of outstanding bonds were held
on
Jan. 1
1913.
The Knoxv. Trac. Co. first mtge. bonds are
$26,000 have been canceled.
Dividends.—First dividend on common—2%—June
to call.
Owns one
freight and transports brick, gravel,
&c.% for local industries.
'
.
Company also owns 462 of the 500 shares of stock and all of the bonds
($100,000) 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.
*
Date.
STOCK AND BONDS—
Interest.
Maturity.
Outstanding.
($100)
$1,500,000
$750,000 gold/ 1901
5gM-N
353,000 Nov 11931
($500 and $1,000)
(interest at Colonial Trust Co., Phila., trustee
Gen & ref mtge $1,500,000/ 1904
5 g J-D
1,147,000 Dec 1 1954
gold ($1,000)
c*(Int. at Fidelity Trust Co., Newark, trustee.
Bonds.—Of the $1,500,000 new bonds, $353,000 are reserved to retire
the first 5s.
The new bonds are redeemable at 1Q5 and int. Dec.l 1914
or any interest period
thereafter.
. *
Stock
1st
$1,500,000
mortgage
(incl. Mid. & Mon. Elec. Light),
$8,383; int., $79,091; sur., $35,035.
ROAD.—Owns and operates 36.09 miles of road from South Amboy,
Keyport and Belford to Red Bank; Belford through Atlantic Highlands to
Highland Beach; Freneau through Matawan to Keyport, N. J.
Standard
gauge 60-lb. T and 70-lb. girder rails.
Nearly all over private right of way.
32 passenger cars, 2 electric locomotives, 29 freight cars and 1 snow-plow.
An extension from South Amboy through Mechanicsville and over the
Raritan River Bridge to Perth Amboy was completed in 1910.
OFFICERS.—Pres.. Jas. H. Morris, Morris Bldg., Phila.; V.-P. & Gen.
Mgr., G. I. Brown. Red Bank; Sec. and Treas., R. A. Taussig, Morris Bldg.
Phlla.; Asst. Sec. & Asst. Treas., F. A. Cater, Keyport, N. J.—V. 76,
REPORT.—For calendar
gross,
year
1912
$281,706; net, $122,509; taxes,
'
1300; V. 92, p. 461.
p.
KEY
KEY WEST ELECTRIC
WEST, FLA.
ORGANIZATION.—Incorporated In New Jersey In 1898 and does entire
addition to entire street railway business
franchises for manufacture of gas. Franchises expire
acquired the Key West Electric Light & Power Co.
V. 78, p. 2334.
In June 1906 was acquired by Stone & Webster of Boston
and ref-capltallzed as below.
V. 82, p. 1496.
Interest.
Date.
STOCK AND BONDS—
($100).
Pref $350,000 ($100) 6% cum
First
mortgage
$1,000,000/
Q-M
5 g F-A
1906
Outstanding.
Maturity
$500,000
350,000
504,000 Aug 11956
(Interest at State Street Tr Co, Boston, Tr.
fold
'ref.
Stock.—Of the $350,000 pref. stock reported outstanding above,
$80,000 is held in trust for the benefit of the co.
Red. at 110.
*
Bonds.—Are subj. to call as a whole or in part for s. f, at 105 and Int.at
any time. A sink,
fund of 1 % of bonds out began Dec. 1 1907, if earned;
Dec. 1 1912 became obligatory.
$6,000 bonds have
EARNINGS.—For cal. year 1912, gross, $144,255;
on
been canceled.
net, after taxes,
$56,490.
ROAD.—Operates 5.4 miles of track; 10 cars.
Gauge 5 ft. 2^ in.
OFFICERS.—Pres., George J. Baldwin, Savannah; 1st V.-P., Charles
F. Wallace; 2d V.-P., Harry H. Hunt; Sec., Alvah K. Todd; Treas., Henry
B. Sawyer; Mgr., Donald Stewart, Key West, Fla.; Gen. Mgrs., Stone &
Webster Mgt. Assn., Boston.—V. 82, p. 1496; V. 94, p. 1508.
KINGSTON, N. Y.
KINGSTON CONSOLIDATED RR.
1
Seoond
mortgage,
Maturity.
Interest.,
Jan
Oct.
,
Kingston City RR.—
Consol $150,000 ($1,000)
,
not/
1893
subject to call before mat'yilnt. at
Mortgage on car barn
__
____
"'11.
9
4 %
1951
1 1939
trustee.
Mch. 1
1923
5 M-S
150,000
N. Y.
Farmers' Loan & Trust Co..
On demand
5 quar.
KOKOMO, IND.
INDIANA RAILWAYS &
LIGHT CO.
ORGANIZATION.—Incorp. In Indiana on Dee. 7 1912 as a Consolida¬
& 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
railway franchises extend to 1953; electric-lighting, power and steam-heating
franchises are limited to 25 years (subj. to renewal) and extend to 1932 or
beyond.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $2,000,000 ($100)
$2,000,000
Pref cum $1,000,000 ($100)
'
6 Q-M
350,000
See text.
1st & ref M sk fd $5,000,000/ 1912
5 g J-J
1,180,000 Jan 1 1943
($500 and $1,000), goldc*. (Union Trust Co. of Indianapolis, Trustee.
Kok Mar & W 1st M $1,000,-/ 1903
5 g J-J
650,000 July 1 1933
000 gold ($500 & $1,000) c*(Interest at Security Trust Co., Ind., Trustee.
tion of the Kokomo Marion
Stock.—Preferred stock is non-voting.
.
Subj. to call at 105.
reserved to retire the K. M •
$50,000 for corporate purposes and $3,120,000 for additions,
betterments, &c., under certain restrictions.
Red. on any int. date at 105*
Sk. fd. 1 % beginning Jan. 1 1917.
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 1
% of total
amount of refund, bonds out.
Int. payable at Spencer Trask & Co., N. Y.
Bonds.—Of the 1st & ref. bonds, $650,000 are
6 W. bonds,
V. 95, p. 1684.
K. M. & W. 1st M.
See V. 76, p. 1143; V. 77, p. 451.
bonds
are
subj. to call at 105 and int.
-
net, $185,-*
pref. div., &c., $106,778; surplus, $79,028.
ROAD.—Operates 36miles of track in Kokomo and from Kokomo to
Marion and 25 M miles of track, incl. sidings, between Kokomo and Frank¬
fort; total miles of track, 62.
Is connecting link between the Terre Haute
Ind. & East. Trac. Co. and the Union Traction Co. of Indiana.
Standard
On Sept. 1 1913 had 3,322 light apd pow. consumers.
Geo. J. Marott; V. P., L. J. Kfrkpatrick; Sec..
C. McReynolds; Asst. Gen. Mgr., P. H. Palmer;
& Asst. Sec., C. C. Trees.—V. 95, p. 1684; V. 96, p. 486.
gauge.
70 lb. T rail.
OFFICERS.—Pres.,
Treas. & Gen. Mgr., T.
Aud.
LACONIA, N. H.
LACONIA STREET RAILWAY.
In Nov. 1906
control changed hands, and
Electric Lighting Co.
the new Interests also acquired
control of the Laconla
ORGANIZATION.—Formerly the Laconla & Lakeport
name changed to above In
1894.
STOCK,
Date.
&c.—
Common, $100,000 (par
Pref., 6% cum., $40,000
Interest.
$50).
($100)
($1,000)./ 1899
Street Ry., but
Outstanding.
Maturity
$100,000
40,000
91,000 May 1 1913
5 M-N •
(Interest at American Trust Co.. Boston.
$40,000/ 1904
5 M-N,
40,000 May 1 1919
($1.000)
«.
(Interest at People's National Bank, Laconla.
Dividends.—In 1893-94. paid 5%; In 1894-95, paid,4 %: none since.
ROAD.—Owns 8.87 miles of track from Laconla to Weirs.
Standard
gauge.
11 passenger and 2 other cars.
EARNINGS.—For years ending June 30;
First mtge, $91,000
9econd
mortgage,
1911.
1911.
1910
1910.
$9,631 $10,640
$36,200 $34,293 Int. and ta^es..
sur.284 df.1,137
9,915
9,503 Bal. for year
OFFICERS.—Pres., H. L. Pierce, Leominster, Mass.; Sec., Geo. P.
Munsey; Treas., Harry G. Lowe.
•
6,000
Net
Y., Trustee.
Jan
1909
5 J-J
none
Y.,
--(Int. at Manhattan Tr. Co., N.
$250,000/
($1,000)
Fender; Aud., George
345, 405, 793; V. 88, p. 1620;
Gross
Outstanding
Common, $200,000 ($100)..
_•
$200,000
Preferred, 4 % cum $200,000
200 000
First consolidated mortgage/ 1901
5 g J-J
532,000
$700,000 ($1,000) eold-.c*\lnt. at Manhattan Trust Co.. N,
Date.
of the Klngs-
11 1901
ORGANIZATION.—This Is a consolidation on Deo.
ton City RR. and the Colonial City Traction.
STOCK AND BONDS—
C. H. Harvey; V.-P., W. S. Shields!
Cooper.—V. 83, p. 38; V. 85.
V. 96, p. 716. 1021.
OFFICERS.—Pres. & Gen. Mgr.,
Sec. & Treas., Leon
p.
806; int., taxes, deprec'n,
of the city; also owns
1997.
In June 1904
Common $500,000
of track, Incl. 10.62 miles of
70-lb. and over T and girder rail.
Has 66
54 closed and semi-convertible cars and 11 work cars; total, 131.
park and leases another.
.
.
;
\ ; ;
Dividends.—6% is being paid on the preferred stock.
EARNINGS.—For year end. Dec. 31 1912, gross, $341,684;
CO.—A trolley road.
electilc-llght and power business In
1% was
,
open cars,
ORGANIZATION.—Chartered Mar. 26 1891, in N. J., as the Keyport
line, but has been operated as an electric
railway since July 1901, and name changed as above In Nov. 1901.
Com¬
franchises for the carrying of
29 1907,
double track; standard gauge;
KEYPORT, N. J.
CENTRAL TRACTION CO.—Trolley.
8f Matawan Street Ry., a horse
pany owns
Is in¬
In sink. fd.
not subject
paid Sept. 1907 and 1% Dec. 1907; in 1908, 4%; In 1909, 7%; In 1910, 8%i
in 1911,10%.
Then stock all made one class and In June 1912 paid 3
Dec., 3H%.
In 1913, June, 2M%.t
LATEST EARNINGS.—For year ending June 30 1913, gross, $779,789;
net, $346,416; int., $175,629; surplus, $170,787.
; ; ,
REPORT.—For calendar years.
Pass, carried In 1912, 10,960,344.
Year—
Gross.
Net alter Taxes.
Interest, Ac. ■ ■ Surplus
1912
$728,035
$339,654
"
$181,410 ' >
$158,244
1911
709,604'
352,962 1 > »■160,866.; , l4i , 192,096
1910
716,110
565,054
140,371
- 224,683
613,520
"
302,486
.138,038
164,448
ROAD.—On Dec 31 1912 owned 46.18 m.
JERSEY
Bait., Trus.
reserved for prior
Imp'ts under certain restrictions.
days' notice or may be purchased
the
KEWANEE ELECTRIC RY.
ORGANIZATION.—Incorporated
the Galesburg & Oneida Eleo. Ry.
Ref
In open
l725-mm
KEWANEE, ILL.
GALESBURG &
BONDS—
Date.
Interest.
Outstanding.
Maturity.
($100)--J-D „> $2,050,000 June'13,2H
$10,000,0001 1911
5 J-D
1,628,000 June 1 1946
($500 and $1,000)
c*/lnt. at Guaranty Trust Co., N. Y., Trustee.
Consolidated mtge $3,000,000/ 1905
5 gM-S
1,173,009 Sept. 1 1945
gold ($1,000)
c*(Int.a t Standard Trust Co., N ew York. Trustee.
Knoxvllle Trac 1st M $850.-1 1898
5 g A-O
824,000 April 1 1938
STOCK AND
stock
CO.
ELECTRIC
LA
CROSSE,
WIS.
& POWER CO.
ORGANIZATION.—Incorp. in Wisconsin on Jan. 16 1913 and has ae
quired and now owns in fee all the property formerly belonging to the La
Crosse Water Power Co., the La Crosse City Ry. and the Winona (Minn.)
WISCONSIN RAILWAY. LIGHT
70
ELECTRIC
RAILWAYS
Ry. & Lt. Co. Does elec.-light & power business in Winona, Minn., and
Onalaska, Wis., and operates street railways in Winona and La Crosse.
Also operates under contract the La Crosse & Onalaska St.
Ry., an interurban line about 3 miles long, connecting the cities named.
Owns hydro¬
electric plant at Hatfield, Wis., with transmission lines to La Crosse and
Winona, at which cities it also has steam
STOCK AND BONDS—
Date.
reserve
(a)
plants.
to
Interest.
to
bonds
be
can
released
from
escrow
int. date at 105 and int.
Int. payable at office of trustee or at the of¬
fice of the company or its New York agency.
ROAD.—24 miles of track.
73
236.
p.
Ephrata &
Adamstown Ry.—A trolley road.
ORGANIZATION.—This
capital stock
on
was
Incorporated with $225,000
Owns road from Ephrata to Adamstown
Traction Co. for a rental
company
Sept. 17 1901.
(d)
Lancaster &
Rocky Springs Ry.
ORGANIZATION.—Operates 4.56 miles of track.
bonds.
New
(e)
Stock, $200,000.
Holland
Ball
Blue
&
Terre
Hill
ORGANIZATION.—Operates
leased to the
a line from
Conestoga Traction Co. for 999
Street
Blue
years
Ry.
Ball
(f)
water
Capital, $430,000.
m.
Was leased
Lancaster &
(g)
of track from Lancaster to Chris¬
June 1 1906 to Conestoga Trac¬
on
Quarryville Street Ry.
system.
,
'
expire: street railway, 1941; electrid light and power, 1928;
waterworks, 1916, self-renewing every 5 years thereafter unless city buys
plant.
STOCK AND BONDS—
Date.
Outstanding.
$200,000
Interest.
Stock, $200,000.,..
First
mortgage,
$500,000
g/
($500 and $1,000)
Bonds.—Remaining bonds
Maturity.
1909
6 g F-A
255,000
See text
Inter-State Trust & Bkg. Co., New Orl., Tr.
are
for Improvements and extensions on basis
Bonds mature $15,000
of $1 in bonds for each $1 33 of Improvements, &c.
semi-an. from Aug. 1 1912 to Feb. 1 1922, both inclusive; but redeemable
on and after Aug. 1 1914 on any Int. day on 30 days' notice. Int. is
payable
at office of trustee or at Chicago Savings Bank
& Trust Co., Chicago.
$45,000
has
been
to
»
of track.
on
Oct. 11908
was
$220,000 stock.
leased
^
Christiana & Coatesville St. Ry.
(j)
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 Ry.
ORGANIZATION.—Incorporated Nov. 15 1900.
On June 1 1902
leased to Conestoga Trac. Co. for 999 years at a rental of 6%
stock.
Operates 11.12 miles of track.
•
•
OFFICERS.—Pres.. J. A. Landry;
\
ORGANIZATION.—Organized in Pennsylvania March 15 1909.
Is a
reorganization of the Phlla. Coatesville & Lane. St. Ry.
$400,000 ($50)
stock, $350,000 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.
retired.
ROAD consists of 9 miles of track.
m.
Conestoga Traction at rental of 6%
(i)
Is leased to Cones¬
Ellzabethtown & Florin Street Ry.
ORGANIZATION.—Consists of 6.40
Franchises
Is
tion Co. at 6 % on stock.
LIGHT & WATER WORKS CO.
In June 1909
Hill.
Lancaster & Eastern Ry.
ORGANIZATION.—Operates 17.84
tiana.
(h)
ORGANIZATION.—Incorporated in Louisiana in 1909.
Terre
to
at 5% on Its $120,000
capital stock.
LAKE CHARLES, LA.
the company acquired the Lake Charles Street Ry. Co., operating an electrio
railway In Lake Charles and Lake Charles Ice, Light & Waterworks Co.,
which operates
an Ice plant, electric-light and power department and
No
Leased to Conestoga Traction Co. for 999 years at 6% on stock.
ORGANIZATION.—Consists of 8.39 miles of track.
toga Traction at rental of 6% on its $225,000 stock.
LAKE CHARLES RAILWAY.
Capital stock,
8.11 m., which was leased in 1903 to the Conestoga
of 6 % on the stock.
No funded debt.
any
OFFICERS.—Pres., Clement C. Smith. Operations will be directed from
President's office in Milwaukee in connection with the operations of the
Wisconsin Public Service Co. and other Wisconsin properties.
a rental of 8 % on stock.
Stock Is not owned by lessee.
No bonds.
V.
(c)
onds which may be issued for certain add'l property; remaining $7,480,000
onds are issuable at par (a) to redeem at par any underlying bonds or any
tge. debt existing against any property acquired, not exceeding, however,
■'
Rohrerstown Landisvilie & Mt. Joy Ry.—Trolley.
debt.
only in lots of
/par the reasonable value of such property, and (b) for not exceeding 75%
«>f cost of any additional property, with certain restrictions. Bonds red. on
Conestoga Traction Co. for
(b)
$50,000 or multiples thereof, under certain restrictions.
A further $200,000
of bonds reported as outstanding is
deposited in escrow apd may be sold
to provide for certain contingent liabilities or for
impts.
$220,000 bonds are
served to retire La Crosse City bonds and $75,000 to retire a like amount of
j
New Holland Ry,—A trolley road.
ORGANIZATION.—Owns an electric roado'f 13.15 miles from Lancaster
through Landlsvllle, Salunga, Mt. Joy and Florin.
Is leased for 999 years
to the Conestoga Traction at rental of 6 % on Its
$400,000 stock.
No funded
Stock.—Entire stock placed in escrow for 5 years under a voting trust
agreement for the establishment of a definite management and control of
property, the voting trustees consisting of Fred. Vogel Jr., Frank O. Wetmore, Harrison B. Riley, H. L. Stuart and Clement O. Smith.
Bonds.—$825,000 of bonds have been deposited with trustee by owners,
under an agreement which provides
that, while so in escrow, they shall be
subordinate and junior in every respect to $1,200,000 bonds sold to the
escrow
Lancaster Mechanicsburg &
ORGANIZATION.—Incorporated May 16 1899.
Runs from Lancaster
New Holland, with an extension to
Ephrata, 20.76 miles.
Is leased
$300,000.
—
Such
xcvix.
OFFICERS.—Pres., W. W. Griest; V.-P., George Bullock; See. and
Treas., H. Morgan; Asst. Sec. & Treas.. J. S. Graybilland M. D. Evans.—
Y. 91, p. 463, 1447; Y. 93, p. 1783.
Outstanding.
Maturity.
Common, $1,230,000
$1,230,000
First & ref, M
$10,000,000/ 1913
5 F-A
2,225,000 Feb
1 1933
($1,000), gold
_'c*\First Savings & Tr. Co., Milw., Trustee.
La Crosse City Ry 1st Ml 1909
5 g J-J
220,000 July 1 1929
(closed M)
($1,000)
_c\lnt. at Wisconsin Tr. Co., Milw., Trustee.
banks.
[Vol.
was
$225,000
on
"
(1)
Lancaster & Columbia Ry*
...
....
ORGANIZATION.—Consists of 8.43 miles of track between Lancaster
Is leased to Conestoga Trac. Co. for 20% on its $37,500 stk.
and Columbia.
60-lb. rails.
.
(
Sec., P. O. Moss.—V. 89. p. 919.
LANCASTER &
YORK FURNACE STREET RY.—A trolley road..
ORGANIZATION.—Incorporated
LANCASTER, PA.
..
Feb.
1908
reduced
stock
COUNTY RAILWAY & LIGHT.
Controlled by the United Gas & Elec..Corp.—See under New York.
mtge., which see below.
ORGANIZATION.—Incorporated
stock $170,400 ($50)
1st mtg gold $150,000
LANCASTER
June 15 1901 In New Jersey. Owns
gas and electric properties, whose stocks
are placed under the mortgage of 1901:
Conestoga Traction Co.,
I Edison Electric Co.
Lane. Gas Light & Fuel Co.,
<
|
Also controls the Conestoga Realty Co.
on
and controls the following railway ,
Franchises
are
perpetual.
of Lancaster and Columbia,
com
STOCK AND BONDS—
and*$l,000)
Bonds.—Are not
and practically all in Lancaster County.
Date.
Interest.
$1,350,000 ($50)
Q-M
Pref
Date.
Interest.
Outstanding.
Maturity.
$170,400
150,000 Jan
11928
...c&rilnt. at Northern Trust Co., Lano., trustee.
subject to call and have no sinking fund.
-
-
($5001
1908
5 g J-J
EARNINGS.—For
after taxes,
Does all the gas and electric lighting in cities
STOCK AND BONDS—
Stock
July 22 1901 In Pennsylvania.
In
$280,000 to $170,000 and made $150,000
V. 86, t>. 480.
from
12 mos. ending June 30 1912, gross,
$7,639; fixed charges, $7,500: surplus, $139.
$31,647; net,
ROAD.—Operates 12 H miles of track between Mlllersvllle and Pequea*
Gauge 5 ft. 2
in.
60-lb. T rail.
Outstanding.
Matu/lty.
$1,345,000 Jne'13,2 H%
1,000,000 « Jne'13,1 rx %
$1,000,000($50) 5% dum_
Q-M
$1,000,000
gold/ 1901
5 g J-J
1,000,000 July 1 1951
($500 and $1,000)
c*i Interest at Lancaster Trust Co., Trustee.
Securities of Lines Controlled—
Conestoga Trac 1st M$2,000,1900
4 J-J
1,277,500
Jan 1 1950
000 ($100, $500&$l,000)c
Int. at Prov. Life & Tr. Co., Phila., Trustee.
Lancaster City RR 1st M
1890
5 g A-O
160,000 Apr. 1 1920
($100 and $500)
c* Int. at Metropolitan Tr. Co., N. Y., Trustee.
W E St Ry 1st M $225,000
1891
5 M-N
225,000 May 1 1921
($100 and $500)
c* Int. at Metropolitan Tr. Co., N. Y., Trustee.
Lancaster Trac first mtge
1893
5 A-O
225,000 Apr. 1 1923
($100, $500 & $1,000) _c* Int. at Lancaster Trust Co., Lano., Trustee.
Conestoga Trac car trusts_
90,000
Lano G L & F 1st M $300,000"
5 J-J
300,000 Jan
1 1925
($1,000)
~C Int. at Lancaster Trust Co., Lane., Trustee.
Second mortgage $400,000
1906
5 J-J
100,000
Jan 1 1936
($1,000)
1
c* Int. at Lancaster Trust Co., Lane., Trustee.
Third mtge $100,000 gold
1911
5%
100,000
Jan 1 1936
($1,000)
c* Int. at Lancaster Trust Co., Lano., trustee.
Columbia Gas Co 1st mtge
1911
5-J-J
75,000
Jan 1 1941
OFFICERS.—Pres., Meyer Schamberg; Sec. & Treas., W. S. J. Wether111; Gen. Mgr., L. B. Myers.—V. 86. p. 480; V. 92, p. 187,
Mortgage,
LEETONIA, OHIO.
YOUNQSTOWN & OHIO RIVER RR.—A trolley and~steam road.
Freight service operated by steam; passenger service by electricity.
ORGANIZATION.—Incorporated
In
J 910 road
was
STOCK AND
re-capltallzed and
BONDS—
Date.
—
$200,000 ($1.000)
c*
Edison Elec Co 1st & ref M
$5,000,000
Ilium
Edison Elec
M
Co 1st
$300,000 ($100,
and $1,000)
Int. at Farmers' Tr. Co., Lancaster. Trustee.
5 F-A
1,000,000 Feb 1 1943
Lancaster Trust Co., Lancaster, Trustee.
1895
5 J-J
300,000 July 1 1925
$500{Interest at Lancaster Trust Co., Lancaster,
c&r[
Trustee.
Col El L, H & P 1st M gold)
1905
5 M-N
125,000 May 1 1935
$125,000 ($1,000)
c&r/Int. at People's Trust Co., Lancaster, Trust.
Conestoga Realty Co 1st M{ 1908
5
270,000 May 1 1958
$500,000 sinking fund g_c*Tnt. at Lancaster Trust Co., Lane., Trustee.
Bonds.—Of
Erior liens,
Conestoga Trac.
1st M.
bonds
$610,000 reserved to retire
$11£,500 reserved to be used for the reduction of rentals.
Of
ano. Gas Lt.
& Fuel 2d M. $300,000 are reserved to retire lst.M. bonds.
Lanoi Gas Lt. & Fuel 3d M. bonds are redeemable at 105 and int. on any int.
date
105
85%
3 mos' notice.
on
and
of
int.
cost
Columbia Gas Co. bonds
are
red.
on any
Int. date
at
90 days' notice. $125,000 reserved for future imp'ts at
thereof.
Of Edison Electric Co. 1st & ref: bonds, $425,000
on
reserved to retire underlying bonds; $3,575,000 held in treasury for
imp'ts,
exten., &c., at 85% of cost thereof-., Columbia Elec. Lt., H. & P. bonds are
red. at 110 and Int. on any Int. date.
The bonds are guar, by the Lane.
County Ry. & Lt. Co.
Conestoga Realty Co. bonds are red. at par and int.
after Jan. 1 1915, upon 3 mos.' notice.
Sinking fund
an amount set up monthly sufficient to retire bonds at maturity.
Dividends.—The first dividend on the preferred stock (3 %) was
paid on
on any
int. date
on or
July 1 1904 and 3% was again paid on Oct. 1 1904.
In 1905, Jan.
3%
(see V. 79, p. 2796); July, 3%; Dec., 4 *$%. In 1906. 6 K%.
Inl907,7%.;
in 1908 to 1912, incl., 5%; in 1913, Mar., 1 M%\ June ,1*1%.
On
com.,
in 1908 to 1912, incl., 10%; in 1913, Mar., 3lA%; June, 2**%-
REPORT.—For calendar year 1912: Earnings (less exp.) of Lancaster
Co. Ry. & Lt. Co. (incl. stock div. of Lane. Gas Lt. & Fuel Co.) and
pro¬
portion of surp. of sub. cos.,
000; surplus,$234,709.
$334,709; bond int., $50,000;
pref. div., $50,
ROAD.—The Conestoga Traction Co. (the operating company) leases
162.69 miles of track, Including the Lancaster City Street Ry., 16.29 miles;
Lancaster & Columbia, 8.43 miles; Lancaster & LItltz,
9.92 miles Colum¬
bia & Ironvllle, 4.38 miles: Columbia & Donegal, 5.06 miles; Lancaster &
Mechanlcsburg & New Holland, 20.76 miles; the New Holland Blue Ball &
Terre Hill Street Ry., 4.99 m; the Rohrerstown Landlsvllle & Mt. Joy Ry..
13.15m.; the Lancaster & Eastern Ry., 17.84 ra.; the Lancaster & Quarryvllle Street Ry., 8.39 miles; the Ellzabethtown & Florin Street Ry.. 6.40
m.;
the Christiana & Coatesville St, Ry., 10.69 miles; Lancaster & Mlllersvllle
Ry., 4.30 miles; Lancaster Willow Street Lampeter & Strasburg Ry., 11.12
miles; the Lancaster Petersburg &Manheim Ry., 8.30miles; the Ephrata &
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
Sub. gas and electric cos. had 9,858 gas and 3,978 electric meters in
Jan. 1 1913.
stock.
use
on
in
Ohio
on
Dec.
8
In
1905.
1906
ased 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.
1
new
securities Issued as
Interest.
Stock, common, $1.000,000
Preferred. $1,000,000, 5%
First
mortgage,
gold
-($1,000)
Stock
_
Outstanding.
below.
Maturity.
$1,000,000
1,000,000 June'13, H%
5 A-O
$2,500,000, f 1910
1,000,000 Apr 1 1935
o*(Int. at Citizens' Sav. & Tr. Co., Cleve.,
I
Trustee, or First National Bank, N. Y.
and
Bonds.—Pref. stock div. Is cumulative after July 1 1913.
Bonds subject to call on any Int. date after April 1 1915 at 105 and Int.
Remaining bonds are reserved for acq. and exten. under certain restrictions.
Dividends.—Initial div.— % %—on pref. was paid Oct. 5 1910.
InM911,
3yK%.
In 1912, Jan., 1%; Mch., 1H%: July, 1 Vi%\ Sept., 1K%:
Dec., 1 Yi%.
In Mar. 1913 red. to %%\ June, %%.
See statement in
V. 96, p. 1023. "
EARNINGS.—For cal. year 1912, gross, $239,528; net, after taxes and
$93,989; bond int., $50,000; pref. divs. (4*£%), $45,000; deficit,
In 1911, gross, $234,459; net, after taxes and rentals, $96,094;
rentals,
$1,011.
bond int.,
$50,000; pref. divs.
(3>£%), $35,000; surplus, $11,094.
ROAD.—Operates from the terminus of the Stark Electrio Ry. in
Salem. Ohio, through the city of Salem to ft connection with the Salem RR.,
and
over
the
Salem
RR.
from
Salem
through Washingtonville,
Leetonla.
Lisbon
and West Point to East Liverpool, Ohio, a distance of 36 miles.
At Leetonla, O., connection is made with the Youngstown & Southern Ry.,
Owns 32.19 miles of track and leases 6.81 miles.
Standard gauge, mostly
70-lb. T rail.
Pass, equip.,
7 cars; freight, 3 locomotives, 15
cars.
OFFICERS —Pres., Will Christy; V.-P., Geo. A. Stanley; Sec.
and
Chas. S. Thrasher; Gen. Mgr., J. D. Dewees; Operating Mgrs.,
Treas.;
The Warren
Bicknell Co.; Aud.,
Ohio.—V. 90, p. 1556; V. 91, p.
p. 913, 1117; V. 95, p. 299; V.
R. F. Miller.
General office, Leetonia,
40, 947; V. 92, p. 457; V. 93, p. 873; V. 94,
96, p. 362, 948, 1023, 1420.
LEWISTOWN,
LEW I STOW N
&
REEDSVILLE
PA.
ELECTRIC
RY.
Controlled by the Penn Central Light (&JPower Co. (V. 96, 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. & Pow. Co.
ORGANIZATION.—Incorporated in Pennsylvania on March 24 1892.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
$150,000 1907-08,5%
150,000 June 1 1919
$1,000)
$150.000
c&r/Int. at Merchants Union Tr. Co., Phlla.,Trus
2d mortgage gold ($500 andl
1902
5 g M-N
125,000 May 1 1917
$1,000)
$125,000
c&r/Int. at Com'wealth Tr. Co., Harrisb'g, Trus.
Bonds.—The lsts are not sub. to call, hut the 2ds can be
called^at par.
Dividends.—1902 to 1908, Inclusive, 5% per annum.
None since.
Stock $150,000 ($50)
1st mortgage gold ($500
and!
1899
5 g J-J
EARNINGS..—For
taxes,
$13,750;
year end. Dec. 31 1912, gross, $104,541; net, after
bond int., $13,750 balance, none.
ROAD.—Operates 10.2 miles of track Irom Lewlstown to Reedsvtlle and
Lewlstown Junction, with a branch to Burnham.
60 and 70-lb. T and
70-lb. girder rail.
OFFICERS.—Pres. and Mgr., J. I. Qulgley.
Lewlstown; V.-P., John E.
Zlmmermann, Phlla.; Sec. and Treas., Chas. Day. Phlla., Sunt.,
Gossard. Lewistown.—V. 88, p. 1128; V. 89, p. 919; V. 96,
p. 487.
0.
E.
-Mmamtwtmm mmmm mmmm
ELECTRIC
SEPT., 1913.]
LEXINGTON,
71
RAILWAYS
OFFICERS.—Pres., F. D. Carpenter, Lima; V.-P., J. O. Wilson, Cleve.;
& Treas., A. Born.—V. 88, p. 620; V. 89, p. 667; V. 90, p. 504, 1426.
1492, 1615; V. 91, p. 40, 155, 872, V. 94, p. 1450
KY.
Sec.
KENTUCKY SECURITIES CORPORATION.—A holding company.
1011 (V. 92
the Lexington & Interurban Rys. Co. per plan in
the entire stock of the Kentucky Traction <fc Ter-
ORGANIZATION.—Incorporated In Virginia on Jan. 23
as sucoessor to
p. 322)
V. 92, p. 461.
BONDS—
STOCK AND
Outstanding.
Interest.
Date.
($100)
$2,500,000
Maturity
0%)
_
new
Dividends.—Initial div. on
preferred—1J^%—paid July 15 1913.
surpluss
$93,935.
93 miles of trackThev do the electric-light and power, gas, street railway and ice business of
Lexington.
Also operate city lines in Frankfort and lines radiating from
Lexington to Georgetown, Paris, Nicholsville, Versailles, and from Frank¬
OPERATIONS.—Constituent companies operate about
fort to Versailles.
*
McCarthy; Sec. &
286, 1191; V. 94, p. 1185;
OFFICERS.—Pres., P. M. Chandler; V.-P., John A.
-
Treas., J. K. Trimble.—V. 92, p. 1436; V. 93, p.
V. 95, p. 176.
Kentucky Traction & Terminal Co,
(1)
ORGANIZATION.'—Incorporated In Kentucky on May 18 1911 as a con¬
solidation of the Lexington Ry., Bluegrass Trac. Co. and Central Kentucky
Traction
Co.
V.
92, p.
1436.
The entire stock Is owned by Ken¬
tucky Securities Corp.
Franchises perpetual except those on 1 mile in
Winchester expiring in 1927.
1
'
Strike.—The strike which began on July 11 ended on July 16, the com¬
pany
having agreed to recognize the union and to
STOCK AND
BONDS—
Date.
&
1st
-
ref mtge $7,500,000
reinstate strikers.
Outstanding.
$2,093,400
Interest.
.
Stock $2,500,000 ($100)
Maturity'
,
gold ($500 and $l,000)_c&rjlnt. at Cleveland Trust Co., Cleveland, Trus.
Georgetown & Lexington first) 1901
5 g M-N15
200,000 Nov 15 1921
mtge $250,000 gold ($100, [Interest at Cincinnati Trust Co., Trustee, and
$500 & $1,000) gup &i.o&rJ
at Standard Trust Co., New York.
reserved to retire prior
&c., at not exceeding
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.
day after Nov. 1 1921, at 105 and int.
Bonds are guar., p. & L, by end. by
the Kentucky Securities Corp.
Sinking fund
per ann. of bonds out,
1921 to 1930; 1% 1931 to 1950. V. 92. p. 1564.
The bonds are listed on
Phila. Stock Exchange. V. 94, p. 1119.
$18,000 Lexington Ry. bonds are
reserved to retire Pass. & Belt bonds.
Sink, fund will retire 1% of bonds
ann.; $79,000 were held In sk. fd.Sept. 1 ,1913.
Pass. & Belt Ry: bonds
mature $15,000 annually to April 1 1916.
Georgetown & Lex. bonds are
guar., p. & i., by the Kentucky Securities Corporatiou
Bonds.—Of the 1st & ref. bonds, $1,915,000 are
ROAD.—Operates approximately 93 miles of track, comprising all street
railways in and about Lexington, 15 miles, and 8 miles of city line In Frank¬
and Winchester;
also Interurban lines radiating from Lexington to
fort
Georgetown, 12 miles, to Paris, 18 miles, to Frankfort, 28 miles, and to
50 to 80-lb. rails.
Standard gauge.
Owns 39
15 interurban passenger and 3 express cars and
Nlcholasville, 12 miles.
17 open cars.
closed and
cars.
;
.
Percy M. Chandler.
OFFICERS.—Pres.,
Phila.;
"
Lexington.—V. 92. p. 1178, 1436. 1564; V. 94, p. 631,
1472;V. 97, p. 237.
826, 1119; V. 95,
p.
Lexington Utilities Co.
ORGANIZATION, &C.—Incorp. on June 5 1909.
Stock auth. and out,
$100,000.
All stock Is owned by Kentucky Securities,Corp.
Does Ice and
electric-light and power and gas business in Lexington.
Light and power
franchises expire in 1916.
Gas and ice franchises are perpetual.
LIMA, OHIO.
WESTERN OHIO RR.
ORGANIZATION.—Incorporated In Ohio on June 7 1910 to take over
under lease the Western Ohio Ry.
Lease provides that Western Ohio RR.
pay prln. & Int. on Western Ohio Ry. bonds as well as div. on both 1st
and 2d pref. stocks of that company and an annual rental of $15,000.
Hold¬
ers of com. stock of Western Ohio Ry. had right to exchange before Jan. 1
1911 their stock for stock of Western Ohio RR. on basis of 3 shares of Rwy.
for one share of RR. V. 90, p. 1556.
On Apr. 28 1913 29,278 shares had
been exchanged.
Stock auth., $1,000,000; issued, $972,600.
'
Net (after
Earnings.
Taxes).
$235,617
240,690
Gross
Year—
Dividends
Interest.
$151,504
158,916
1st Pref.
$32,492
20,177
Balance,
2d Pref. Surplus.
$27,000 $84,112
1911-12
$7,000
34,597
OFFICERS.—Pres., J. L. Wolf, Cleve.; V. P., M. J. Mandelbaum, Cleve.
V.-P. and Gen. Mgr., F. D. Carpenter, Lima; Sec. & Treas., H. C. Lang.—
$608,972
597,776
V. 92.
p.
1376; V. 93, p. 287.
Western Ohio Ry*—A trolley
(1)
($1,000) $26,500perM.c*&r{ Int. at Clt. Savings & Trust Co.. Cleveland,
I
Trustee or First National Bank, N. Y.
Collateral
trust
mortgage,1 1910
6%
30,000 July 1 1930
) Cleveland Trust Co., Trustee.
1905
5 g J-J
379,000 July 1 1925
gold ($1 000)
cilnt. at Citizens Savings & Trust Co., Clevel
land. Trustee, or In New York.
Bonds.—The West Ohio 1st M. bonds have no sink. fd. and bonds are not
F
&
1,120,000 Mar.
1 1939
at New York Trust Co., trustee.
5 g J-J
250,000
Jan 1 1920
000) $250,000)
c*l Interest at New York Trust Co., trustee.
Bonds.—Of the new Lincoln Traction Co. bonds
$250,000 are reserved
for prior liens and $130,000 are for extensions and lmp'ts at 85% of cost.
Dividends.—1 H% paid quarterly on pref. from May 1 1909 to Aug
1913, inclusive.
On common, 2% paid Sept. 1912.
EARNINGS.—For year ending June 30 1913: gross, $655,138; net,
$194,700; int., taxes & divs., $169,746; surplus, $24,954.
1st mortgage
T
1st
mtge
$1,500,000 gold
11909
_
_
ROAD.—Owns 54.59 miles of track.
E. Sharp; V.-P. & Sec.,
Asst. Sec., O. J. Shaw;
V. 90, p. 1363; V. 91, p. 94;
OFFICERS.—Pres. and Chairman of Board, W.
R. Morrison Jr.; Treas., S. H. Burnham; Aud. &
J. M. Bramlette.—V. 88, p. 506;
912; V. 97, p. 521.
Gen. Mgr.,
V. 94, p.
OMAHA
LINCOLN &
Is to construct
BEATRICE RY.
and Omaha, of which*6 miles
56 miles between Lincoln
Heights is completed and in operation.
Standard
70-lb. T rail.
Franchises, 99 years and perpetual.
Furnishes
electric light and power to village of Bethany.
Stock authorized. $2,250,000
($100); outstanding, $200,000.
In Mar. 1913 the Nebraska Ry. Comm.
granted permission, with certain conditions, to issue $850,000 stock and
$2,250,000 bonds to complete the road, and is now considering an amended
petition asking that the amount of stock and bonds to be finally issued be
made definite before work is started.
from Lincoln to Bethany
gauge.
12
EARNINGS.—For
small
end.
mos.
June 30 1913, gross,
$27,099; net,
deficit.
OFFICERS.—Pres.,
Office, 1400 "O" St.,
Sec. &
Harvey Musser;
Treas., H. S. Norton,
Lincoln,.
LITTLE ROOK, ARK.
LITTLE ROCK RAILWAY & ELECTRIC CO.
Cities Co. (see under New Orleans) owns
Amer.
of
pref. stocks.
■
,
81% of com. and 80%
'
ORGANIZATION.—Incorporated In Arkansas on March 17 1903 and Is a
of the Little Rock Traction & Electric Co. (granted a new
1901 for 50 years; V. 73, p. 784) and the Little Rock
Edison
Electric Light & Power Co.
(franchise unlimited).
Operates all
street railways In city and all commercial electric lighting: also a portion of
the commercial lighting in Argenta and Pulask
Heights, Ark.
In the latter part of 1912 acquired control of the Garland Power & De¬
velopment Co., which controls water powers on Ouachita River, 45 miles
from Little Rock.
Hydro-electric developments with a capacity of 28,000
consolidation
franchise on Sept. 28
V. 95, p. 1746.
Date. Interest.
Outstanding.
Maturity.
($100).
Semi-ann $1,500,000
July'13,5%
Pref, 6%cum, $750,000 ($100)
6 J-J
750,000
July *13, 3%
1st
mortgage,
$2,000,000,1 1903 5 g A-O
2,000,000
April 1 1933
gold ($1,000)
c*( Interest at Com. Germania Trust & Savings
I Bank, New Orleans, Trustee.
STOCK AND BONDS—
Common.
$1,500,000
Refunding and extension mtgl
1908
April 1 1938
1,000,000
6 g A-O
$5,000,000 ($500 and $1,-[Int. at Bank of Commerce & Trust Co., Mem000) gold
__c*J
phis, Trus., or Standard Trust Co.. N. Y.
Stock.—Pref. stock Is red. at 110 and accrued div.
Bonds.—First mortgage bonds are subject to call on 60 days' notice on
any Interest period at 107)^.
Sink, fund of M of 1% of outstanding bonds
1908 to 1917; 1 % thereafter. ' On Dec. 31 1912 $53,000 were held in sk. fd.
The refund. & extension bonds cannot be called; $2,000,000 are reserved to
retire 1st 5s and remainder for 80% of cost of additional property If net
earns, for 12 mos. previous have been twice the annual Int. charges on out¬
standing bonds, lncl. those to be Issued.
A sinking fund of M of 1 % on out¬
standing bonds commencing Aug. 1 1913 Is to be Invested In these bonds at
not higher than a4^% basis, bonds to be kept alive In fund.
The first
$1,000,000 Issued as 6s; rate on subsequent bonds to be at discretion
of board of directors at not exceeding 6%.
See full particulars regarding
bonds, property, &c.. In V. 87, p. 414.
paid up to and Including July 1913,
1908, 4 H%: 1909, 8%; 1910, 8%.
In 1911,
In 1913, July, 5%.
EARNINGS.—For calendar years (pass, carried in 1912, 12,956,965);
Year—
Gross.
Net.
*Interest.
Dividends
Survlus.
1912
$874,527 $398,986 $157,513 pref.$45,000; com.$150,000 $46,473
1911
868,874
417,671
139,733
pref.45,000; com. 150,000
82,938
1910
772,244
379,774
140,397
pref.45,000; com. 142,500
51,877
1909_
720,371
366,378
133,252
pref.45,000; com.
97,500
90,626
Dividends.—On pref., 6% per annum
20%.
In 1912, 10%.
♦Includes
.
$500,000..
$1,652,000 Sept. '12, 2%
1,113,100 Aug'13,1 H%
($1,000)
c & r]Interest
Old Lincoln Trac. mtge. g. $1,-] 1899
road.
ORGANIZATION.—Incorporated In Ohio on Oct. 11 1900.
This Is one
link In the through car service from
Cleveland to Lima.
Outside of municipalities has private right of way.
Franchises In towns axe for 25 years.
Owns entire common and pref. stook
of the Lima Flndlay & Toledo Ry.
V. 83, p. 97, 157, 381.
Has contract
to furnish power until April 30 1923 to Lima & Toledo Traction, Ft. Wayne
Van Wert & Lima Traction and Indiana Columbus & Eastern Traction.
,
Is leased to Western Ohio RR.
V. 90, p. 1615; V. 91, p. 40.
In April 1913 applied to Ohio Pub. Serv. Comm. for auth. to issue $50,000
2d pref. stock to reimburse company for betterments and extensions.
Outstanding.
Maturity*
STOCK AND BONDS.—
Date.
Interest.
$30,000
Common $3u,000 ($1)
470,000
See text
1st pf, $500,000 ($100)7% cum
Q-J
450,000 July'13, 1H
2d pf, $500,000 ($100)6% cum .... ■ .
Q-J
2,500,000 NOV 1 1921
1st mortgage $3,000,000 goldf 1901
5 g M-N
of the Mandelbaum roads and forms a
L
Q-F
5 g J-J
Maturity
Outstanding.
Interest.
Date.
On com., 1906, 2%; 1907, 4%;
EARNINGS.—For fiscal year ending June 30:
1912-13.
BONDS—
Pref. $1,500,000 ($100) 6% cu
h.p. are contemplated.
V.-P., F. W. Bacon.
Lexington: Sec., T. D. Murray, Lexington; Asst. Sec., James K. Trimble,
Phila.: Treas.. J. Will Stoll, Lexington; Asst. Treas., James W. McMeekln,
(2)
AND
STOCK
Common $2,000,000 ($100)
remainder for extensions, improvements,
liens and
misc.
refusing to order the cancellation of $1,500,000 stock. It having been claimed
"pure water." V. 94, p. 912. See also V. 93, p. 1363.
the same was
—
($1,000) guar p & 1
c*i I Int. at Commercial Trust Co., Phila., Trustee
1891
6 g A-O
18,000
See text
Passenger & Belt first mtge]
flnt. at Amer. Tr. & Sav. Bk., Chic., Trustee.
$200,000 ($1,000)
1899
5 g J-D
1,421,000 June 1 1949
Lex Ry first mtge $1,500,000]
gold ($l,000)-J...i_-;-..o< (Int. at Continental Tr. Co., Baltimore, Trus.
1904
5 g M-S
294,000 Mch 1 1934
Blue Grass 1st mtge $700,0001
4
the decision of the lower
2,200,000 Feb 1 1951
5g F-A
g\ 1911
....
;
1912 Nebraska Supreme Court affirmed
Court in quo warranto proceedings by the State,
common.
Favorable Decision.—On Jan. 3
Lex.
other
inc., $29,846; int. sink. fd. & taxes, $225,268; surplus, $145,644.
In 1912;
gross, $689,832; net, $264,349; other inc., $24,702; int. sink. fd. & taxes,
EARNINGS of combined properties (Ken. Trac. & Term. Co. &
Util. Co.) for year end. June 30 1913: gross, $742,980; net, $341,066;
$195,116;
road.
1909.
Is a consoli¬
Citizens' Ry. Co.
V. 88, p. 506.
Holders of the old Lincoln pref. stock ($700,000) received 110 In tne new
bonds.
Holders of the old Lincoln common ($330,000) got for every share
of old, two shares of new pref. and four shares of new common.
Holders
of Citizens' Ry. stock ($415,000) received 100% In new pref. and 80% In
Nebraska in
dation of the old Lincoln Traction and the
2,015,000 July'13 ,1
from Jan 1 1913
j
Stock.—Both com. and pref. are listed on Phila. and Louisville stock
exchanges.
Pref. is also listed on Cincinnati Stock Exchange.
Pref.
stock is red. after 1914 at par and accum. div.
cum
THE LINCOLN TRACTION CO.—A trolley
ORGANIZATION.—Incorporated In
$2,031,487
Common $2,500,000 ($100)
Pref
LINCOLN, NEB.
Utilities Co.
and Lexington
Co.
mlnal
Owns
$600,000f
subject to call.
$470,000 have been canceled.
See V. 76, p. 160, for agree¬
ment among bondholders.
Coll. tr. bonds are convertible Into 1st pref.
stock and are secured by deposit of $30,000 1st 5s.
$470,000 have been
-converted.
No sink. fd.;red. on Nov. 1 1921 at 110.
As bonds are con¬
verted, proportionate amounts of the 1st 5s which axe collateral will be can-
sinking
fund charge.
*
•
ROAD.—Operates 32.3 miles of track, Including 10 miles of double
Ralls, 65-lb. and over.
32 open, 37 closed, 16 semi-convertible and
8 work cars; total, 93.
Operates Forest Park, located about 6 miles from
the centre of the city.
•
track.
,
D. H. Cantrell; Sec.,
Aud., W. J. Tharp.-—
1746; V. 96, p. 1022.
OFFICERS.—Pres., W. M. Kavanaugh; V.-P.,
Geo.B. Rose; Treas., & Gen. Mgr., Chas. J. Griffith;
V.
92. p. 1701; V. 93, p. 1725; V. 95. p.
LONG
MONMOUTH
|
BRANCH, N. J.
COUNTY ELECTRIC CO.
ORGANIZATION.—Incorporated Apr. 1 1901 as a reorganization of
Highlands Red Bank & Long Branch Electric Ry.
In April
was granted a 45-year franchise to operate In Long
Branch, In con•lderatlon of which the town Is to receive ^ of 1 % of gross receipts.
Che Atlantic
1903
STOCK AND BONDS—
Interest.
Date.
Stock, $500,000 ($50)
1st
mort.,
$500,000
($1001 1901
and
$1,000) gold..
c^jlnt. at
Other debts Dec. 31 1912
Outstanding.
100,973
ROAD.—Operates In and between Red Bank and
Red Bank to Oceanic.
Total track. 17.71 miles.
net, $32,174.
...
Long Branch and from
EARNINGS.—For calendar year 1912, gross,($101,378.
$103,513;
Maturity.
$325,000
4 g J-J
500.000 Apr. 1 1951
Ham. Trust Co., Biooklyn, Trustee.
In 1911, gross,
*
OFFICERS.—Pres., William F. Hogan,
Brooklyn.—V. 72, p. 86, 391.
'Cclcd#
The Lima
'•«
$10,500 per ann.,
$21,000 have been re¬
Flndlay & Tol. bonds have a sinking fund of
which began In 1911.
tired.
Are subjeot to call at 105.
LONG ISLAND
CITY, N.
Y.
V. 80, p.2344.
On 2d pref. first
amount quar. to and lncl. July 1913.
Dividends.—On 1st pref. regular quar. dlvs. are paid.
div., 1 Yi%, paid Oct. 1910, and same
ROAD.—Operates from Lima through Wapakoneta and St. Marys to
Cellna; from St. Marys to Minster, and from Wapakoneta to Piqua; a total
of 82.01 m.; also Lima to Flndlay, 31.97 m., thus completing a through line
to Toledo.
Total, 113.98 m. single track.
Standard gauge.
Operates
28 passenger, 30 freight and 4 express trail cars
LONG ISLAND
CONSOLIDATED ELECTRICAL COMPANIES.
ORGANIZATION.—Entire stock is owned by the L>ng Island RR.
In¬
corporated in New York and holds majority of stock of the Huntington RR
and entire stock of the Ocean Electric Ry., the Northport Traction Co.
(2.69 miles), the Nassau County Rv. and the Glen Cove RR.
Also owns
one-half the stock (the Interborough Rapid Transit Co. owning the other
half) and bonds of N. Y. & L. I. Trac. and Long Island Elec. Ry.
72
ELECTRIC RAILWAYS
STOCK
AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock, $25,000 ($100)
All owned by Long Island RR.
tr. bonds, $10,000,0001 1905
4/* g
None.
'
1945
gold, guar
ill. S. Mtge. & Trust Co., N. Y., Trustee.
Bends.—Are guar., principal and Interest,
by Long Island RR.
(1)
Huntington RR.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $30,000 ($10)
$30,000
First
mortgage,
$30,000 f 1890
5 J-D
26,000 June 1 1920
($500) guar p & 1
cjlnt. at U. S. Mtge & Trust Co., New York
[Metropolitan Trust Co
Trustee.
ROAD.—Owns and operates a cross-Island line from Huntington ta
Amityvllle, via Farmlngdale, 18.6 miles.
Opened for traffic Aug. 25 1909.
T. 89, p. 593.
__
-
.
Ocean
Electric Ry.
Entlfe stock Is owned
by Long Island Consol. Elec. Cos.
All the bonds are owned by Long Island
RR.
On Sept. 21 1898 acquired Rockaway
Village RR. Co.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$35,000
20,000
Apr 1 1918
Stock, $50,000
($100)
mortgage, $20,000
1898
5 A-O
ROAD.—Owns 4.64 miles of track, 21 passenger
(3)
cars
and 2 others.
Long Island Electric Ry.~A trolley road.
In
Jan. 1906 control passed to the Interborough
Rapid Transit Co.
and the Long Island Consolidated Electrical
Companies, each owning one
half the stock and bonds.
ORGANIZATION.—Chartered March 13
as
New
closure to the Queens Ry. Co., which
company was then
New York & Queens County Ry.
On Aug. 28 1903 old
Island Electrio Ry." was resumed.
In
York
&
North
In the
of "Long
merged
name
Aug. 1909 stock was reduced from
$2,109,000 to $600,000 by cancellation of $1,500,000 stock originally Issued
to represent the piece of road which
subsequently became the Queens Ry.
and now forms part of the New York & Queens County
Ry. V.89,p.42, 593.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $600,000 ($100)
$600 000
L. I. El. 1st M.
$600,0001 1895
5 g J-D
600,000
June 1 1925
($1,000)
_c»jlnt. at Hamilton Tr.Co.,Brooklyn,Trustee.
*
EARNINGS.—For year ending June 30 1913, gross, $234,214; net, after
taxes, $19,378.
In 1912, gross, $213,342; net, after taxes, $19,071.
ROAD.—Comprises 26.56 miles of track on 17.34 miles of road from
Crescent Avenue, Brooklyn (at the terminus of the Kings
County Elevated),
Jamaica, Hollls and Queens, and from Jamaica to Far Rockaway.
37
passenger cars and 7 others.—V. 83, p. 818; V. 88, p. 101; V. 89, p. 42,
593.
(4) New York & Long Island Traction.—A trolley road.
On June 20 1905 control was
1902, and stock increased from $125,000 to $1,000,000.
Fare Decision.—On June 15 1912 P. S.
Comm., 2d Dist., decided that
company Is not obliged under Its franchise to limit Itself to
between Hempstead and Belmont Park.
V. 94, p. 1696.
STOCK AND BONDS—
Date.
Common, $750,000 ($50).
Pref, 5% cum, $250,000 ($50)
mtge,
$1,000,000,
;
:
Interest.
...
,
a
5-cent
fare
$750,000
250,000 No div. yet
f 1902
4^gM-N
1,000,000 Nov 1 1942
gold) Int. at Citizens Sav. & Trust Co., Cleveland,
c&r[ Trustee, or at First Nat. Bank, N. Y.
BONDS—
Date.
Interest.
Outstandingi
Maturity
Stock, $5,000,000 ($100)
$3,235,000
Flushing & College Point first 1 1895
5 g J-D
50,000
1928
mortgage, $50,000, gold.__/New York Trust Co., Trustee.
Newtown Ry first mortgage,! 1894
5 g J-D
150,000
Deo 1 1924
$150,000 gold.
/New York Trust Co., Trustee
Stelnway Ry prst mortgage) 1892
6 g J-J
1,500,000 July 1 1922
$1,500,000 ($1,000) gold.c»/Int. at MortonTrust Co., N.Y. City, Trustee.
New York & Queens County) 1896
4 g A-O
1,300,000
Oct 1 1946
first consol mtg, $3,000,000 [Mercantile Trust Co., New York, Trustee.
gold, $1,000 each
J
Interest at office of company, New York.
First & refunding mtge, $10,-1 1906
4 g M-N
See text
Nov 1 1936
000,000, gold ($1,000)-_c* /Windsor Trust Co., New York, Trustee.
Current liabilities Dec 31 1912
2,086,827
Of the new $10,000,000 mtge., $2,08 6,827 are deposited as collateral for
loans from Interborough Rap. Transit and
$3,065,000 are reserved for
.
1
Srlor
'. Y. liens.
No Co.
sinking
andthere
bonds areoriginally
not subject
to call. bonds
Underout¬
the
& Queens
1st fund M.
$2,500,000
were
standing, but the company having defaulted In payment of Int., reorganiza¬
made, under which the holders surrendered $1,200,000; interest
was reduced to 4% and the Mercantile Trust
Co., N. Y., was made the new
tion was
redeemable at 105 and interest.
V. 69, p. 906
ROAD.—The system, with the Queens Railway, embraces 73 27 miles
ol
trolley track,Including main line,36.92 miles; second track, 29.01; sidings,
7.34.
Ralls 77 to 107 lbs., standard gauge; 276 pass, cars, 36 other
REPORT.—For fiscal years ending June 30:
Gross.
1912—13
1911-12
$1,372,871
1,298,049
Net.
$225,082
def.14,136
Other Inc.
def.$385
655
Int.&Taxes.
$339,415
333,412
cars.
Deficit.
$114,718
346,893
OFFICERS.—Pres., W. O. Wood; V.-P., W. L. Pepperman; Sec., H.
M. Fisher; Treas., J. H.
Campbell.—V. 83, p. 752; V. 84, p. 804; V. 86,
p.
548;
V. 88,
p. 375.
MANHATTAN
&
QUEENS TRACTION
ORGANIZATION.—Incorp. in N. Y.
on
CORPORATION.
Nov. 2 1912 to take
over
the
rights of the South Shore Trac. Co. in New York
City (see uDder Patchogue,
and also under Manhattan & Jamaica
Ry. in V. 95, p. 1207, 420; V. 94,
p. 1696.)
g guar ($1,000)
Can be called at 105
at Union Tr. Co., San Fran., trustee.
5 g J-J
1,000,000 Jan
1 1928
1898
c*}lnt. at 111. Tr.
& Sav. Bk., Chic., Trustee.
j
or at Chase Nat. Bank, New York.
Pas & Mt L 1st mtge $500,0001
1900
4 g J-D
500,000 June 1 1930
gold ($1,000)-,c* [Int. at Union Trust Co., San Fran., Trustee.
Callable.at 104 andlnterestj
or Chase Nat.
Bank, New York.
.
•
Pacific Ry 1st mtge
gold) 1901
5 g J-J
480,000 July 1 1941
($1,000) guar
c/Int. at Tit. Ins. & Tr. Co., Los Ang., trustee
Los Ang-PacRR 1st M gold-./ 1898
5 J-D
10,000 J'ne 10 1928
lint, at B'way Bk.d;Tr.Co.,LosAng., trustee.
Los Ang-Pac BR 1st con
mtge) 1901
5 A-O
1,465,000 Apr
1 1931
$1,500,000 g ($1,000)
Jlnt.at B'way Bk.&Tr.Co., Los..Ang.,trustee.
Los Ang Hei; B & Red 1st Ml 1902
5 g M-N
74,000 May 1 1942
$500,000 gold ($1,000)
/Int. at Tit. Ins. & Tr. Co., Los Ang., trustee.
Los Angeles Paciflo RR flrstl
1903
5 g M-S
3,451,000 Sept 1 1943
and
ref
mtge
$5,000,000 [Int. at Los Angeles Trust Co, trustee, or at
gold ($1,000)
—cj • U. S. Mtge. & Trust Co., New York.
Los Angeles Pacific Co genl 1906
5 g J-J
1,273,000 Jan
2 1946
Cal
consol
000
mortgage
$12,500,-[Int. at Union Trust Co., San Fran., trustee,
gold ($1,000) skfd-c*|
at Farmers' & Mech. Nat. Bank, Los
Angeles, or Chase Nat. Bank, New York.
4 g J-J
8,323,000 Jan
1 1950
$20,000,000 g ($1,000)-c*/Int. at Un. Tr. Co. of San Fran., trustee
Los Ang & Redon 1st mtge) 1902
5 g J-J
500,000 Jan 15 1932
$500,000 g ($1,000)
c*/Int. at Union Trust Co., Sah Fr., trustee.
Riverside & Arling 1st M gold/ 1899
4 F-rA 14
200,000 Aug 14 1919
lint, at Union Tr. Co., San Fran., trustee.
San Bernard Val Tr 1st M g/ 1901
5 A-O
44,000 Oct
1 1931
or
J
.
1910
,\Int. at Tit. Ins.&Tr.Co., Los Ang., trustee.
Valley Tr 1st) 1903
5 g M-S
833,000 Sept 1 1933
$1,000,000 gold [Interest at Los Angeles Trust Co., trustee.
($1,000)
c*&rj
Redlands St Ry 1st mtge gold/
sink fund
.
1899
6 F-A
50,000 Aug
11919
lint.at Tit. Ins.&Tr.Co., Los Ang., trustee.
Redlands St Ry 1st M gold/ 1901
5 M-S
27,000 Sept 1 1931
\lnt.at Tit. Ins.&Tr.Co., Los Ang., trustee.
1907
5 J-J
110,000 July 1 1937
llnterest at Los Angeles Trust Co., trustee
Redlands Cent Ry 1st M gold/
BONDS.—Pacific Elec. Ry. lsf ref. mtge. are to provide funds to retire
underlying bonds; also for acquisitions and for corporate purposes.
Bonds
are to bear interest at such rate or rates as
may be fixed at time of Issue
by directors, not exceeding, however, 5% per ann.
Int. M.-S.
Pacific Elec. Co. lsf Mtge.—A sufficient amount is reserved
to
retire
prior issues.
Sinking fund Is $5,000 per annum, commencing
Jan.
1
1907,
for
annum
to
annum to
5
years;
then $10,000
per
annum
to
Jan.
1
1917; $15,000 per
Jan. 1 1922; $20,000 per annum to Jan. 1 1927; $25,000 per
Jan. 1 1932; $30,000 per annum to Jan. 1 1937 and $35,000 annu¬
ally thereafter, said sinking fund to be used in purchase of the bonds, but
fund may be invested In other securities If bonds cannot be obtained at
par.
Los Angeles & Pasadena Is* Mtge.—Bonds bear the
guaranty of the Los
.
e
are
000,000
per ann.
Is charged.
L373.
Through passengers only are carried across the bridge and no extra
The said bonds
c/Int.
Los Ang & Pas El Ry M $1,-1
per ann.
way Railway
the Long Island City & Newtown Ry. and the Flushing &
College Point Ry.
In May 1902 the Queens Ry. was consolidated with It,
and thereupon Increased Its stock from $2,500,000 to
$5,000,000.
The
Queens Ry. succeeded to the property sold at foreclosure of the New York
& North Shore Ry., comprising a line of 6 miles from
Flushing to Jamaica,
with franchises for lines between Flushing and
College Point,Flushing and
Bayslde and Manhasset.
V. 74, p. 1197,
The new Queensboro Bridge across Blackwell's Island was
opened In
1909.
On Sept. 19 1909 the City of New York's
municipal trolley across
the bridge began operation.
The round trip fare Is 5 cents.
On Deo. 16
1909 New York & Queens County Ry. was granted a permanent
franchise
to run cars over the bridge.
Operation began on Feb. 5 1910.
V. 90,
cons.
STOCK AND BONDS.
Date.
Interest.
Outstanding.
Maturity.
Stock $100,000,000 ($100)
$100,000,000
1st ref. mtge. $100,000,000 gf 1911
5%
25,373,000 Sept. 1 '61
Int.
at U. S. Mtge. & Tr. Co., N.
I
Y., trustee.
Pac El Co 1st mtge $10,000,-1 1902
5 g J-J
8,449,000 Jan
1 1942
10 years from date of bonds of $5,000 per ann. for first 5 years, $7,500
for second 5 years, $10,000 per ann. for next 5 years and $12,500
for remaining 5 years.
California Pacific Ry. ls( Mtge. is for no stated authorized amount, but
Is limited to $20,000 per mile of completed track.
No sink, fund., and
bonds cannot be called.
Guar., p. & 1., by Los Ang.Trac. Co.: see V. 75. p.76.
Los Angeles-Pacific RR., 1st & Ref. Mtge.—Sufficient bonds are reserved to
retire prior liens.
A sink, 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.
next 5 years, $80,000 yearly following 5
years, $90,000 per ann. next 5 yrs.,
$100,000 yearly following 5 years and $150,000 per ann. thereafter.
Not
subj. to call.
Los Angeles Pacific Co. Gen. Consol. bonds have a sink,
fund, 1911 to 1915,^
$10,000 per ann.; 1916 to 1920, $15,000 per ann.; 1921 to 1925, $40,000
ann.; 1926 to 1930, $75,000 per ann.; 1931 to 1944, $80,000 ann., and 1945
to 1946, $90,000 per ann.
Of the $12,500,000 auth., $5,000,000 are re¬
served for prior liens.
Los Angeles Pacific Co. 1st Ref. Mtge.—Subject to call as a whole or In
part on and after Jan. 1 1915 on any int. date at 105 and int. on 3 months*
on June
Purchased the various lines of railroad In Long Island
City known
Co., the Rlker Ave. & Sanfords Point RR., the Stein-
the Newtown Ry.
trustee.
ANGELES, OAL.
gan
ORGANIZATION.—Incorporated June 29 1896 and reorganized
AND
LOS
ELECTRIC RAILWAY.
i
All the stock except directors' shares Is controlled
by Southern Paolflo Co.
ORGANIZATION.—Incorp. In California on Sept. 1 1911 as a merger
of the following subsidiaries of the Southern Pacific Co.
(V. 93, p. 667);
Pacific Electric Ry.
San Bernardino Valley Traotlon Co
Los Angeles Interurban Ry.
Redlands Central Ry.
Los Angeles & Redondo Ry,
San Bernardino Interurban Ry.
Riverside & Arlington Ry.
Los Angeles Pacific Co.
Angeles Ry. by endorsement.
A sinking fund of $10,500 per year on those
bonds began Dec. 1 1908, and bonds may be called at 105 on
any int. date.
Pasadena &, Mt. Lowe bonds are guar. p. & 1.
by both Los Angeles Ry.
and Los Angeles & Pasadena Elec. Ry.
A sinking fund for those bonds be¬
NEW YORK & QUEENS COUNTY RY.
32,048 shares out of total Issue of 32,350 Is owned by the
Interborough
Rapid Transit Co., which also owns one-half of the stock of the Long Island
Electric Ry. and the New York & Long Island Traction.
STOCK
OFFICERS.—Pres., Robt. S. Sloan; V.-P., Harold B. Weaver; Sec.,
& Gen. Mgr., S. B. Severson;
Asst. Treas. & Asst. Sec., G. J.
Johnstone.—V. 95, p. 1207, 1274; V. 96, p. 360,
790, 863.
Treas.
& ref mtge
7.84 miles.
Also operates line from Hempstead west 5.58
miles to Queens, where connection Is made with the tracks of the
Long
Island Electric Ry. Co.
Also a line 17.01 miles long from Freeport westerly
via Rockvllle Centre, Lynbrook and Valley Stream, to a connection with
the
Kings County Elevated Ry. at Brooklyn.
Also a line from Queens to
Mineola via Jericho Turnpike, 5.86 miles.
Total, 36.29 miles.
Total,
tnol. second track, 41.24 miles.
30 passenger and 10 other cars.
OFFICERS—Pres., C. L. Addison, Penn. Sta., N. Y.; V.-P. & Gen.
Mgr., W. O. Wood, Long Island City, N. Y.; Sec. & Treas., Frank E. Had,
Penn. RR. Sta., N. Y.—V. 84, p. 868; V. 88, p. 101; V.
94, p. 1696.
as
thereof, along Thomson Ave., Hoffman Boulevard, and other streets and
boundary line between the City
together with the right to operate
upon the Queensboro Bridge.
The line has practically been
completed to
the Long Island RR. station in the former
village of Jamaica and cars are
in operation as far as Forest Hills, L. I.
in the Borough of Queens to the
of New York and the County of Nassau,
Last Div.
Freeport,
30 1899.
790.
San Bernardino
Outstanding.
Bonds.—Are subject to call at 107 at 30 days' notice, but no sink. fund.
EARNINGS.—For year ending June 30 1913, gross, $403,905; net, after
taxes, $4,966.
In 19l2, gross, $392,227; net, after taxes, $74,662.
ROAD.—Operates an electric line connecting Mineola, Hempstead and
•
96, p.
Los Ang Pao Co 1st ref mtge)
purchased jointly by the Interborough
Rapid Transit Co. and the Long Island Consol. Elec. Cos.
V. 80, p. 2622.
ORGANIZATION.—This was formerly the Mineola Hempstead & Freeport Traction (incorp. Feb. 27 1899), but name changed as above Sept. 22
($1.000)
V.
000 gold ($1,000)
1897
Shore Ry. On Oct. 11 1809 was consolidated with the former
Long Island
Electric Ry„ new company having $2 100.000
capital stock and $2,100,000
bonds.
On May 7 1902 the lines noith of Jamaica were sold under fore¬
1st
bonds.
PACIFIC
ORGANIZATION.—Incorporated May 1 1897.
lrst
of the
ROAD.—Has a franchise In the City of New York to
operate a street
surface railroad over the Queensboro
Bridge from the Manhattan terminal
avenues
ORGANIZATION.—Chartered May 13 1890. Majority of stock Is owned
by Long Island Consol. Eleo. Cos. SU the bonds are owned by L. I. RR.
(2)
xcvii.
Has asked P. S. Comm. for permission to issue
$1,500,000 stock and
$1,500,000 1st M. 5% bonds.
The McArthur Bros. Co., who are con¬
structing the road, are to receive $1,480,000 of the stock and $1,500,000
Ooll.
OFFICERS.—Pres., Ralph Peters; V.-P., O. L.Addison; Sec.,Frank E.
Haff, N. Y.; Treas., J. F. Fahnestock, Philadelphia.—V. 83,
p. 890.,;
[Vol.
notice.
,
Int. also payable at company's office or agency in New York.
Sinking fund of $5,000 per annum.
$4,481,000 of the bonds are guar.,
& i., by Southern Pacific Co.
San Bernardino Valley Traction 1st & Ref. Mtge. bonds are
subj. to call at
p.
105.
ROAD.—Owns 268.85 miles 2d main track, 270.71 miles
miles four main track and 113.49 misc.
Total
to 972.02 miles of single track, of which 724.68
of way and 247.34 miles on public highway.
14
track, 11.41
miles, equal
private right
motives, 579
passenger cars,
double main
road,
1,154 freight cars and 72 service
miles
550.97
are
on
electric loco¬
cars.
OFFICERS.—Pres., Paul Sboup, San Francisco; Sec., H. A. Culloden,
Los Angeles; Treas., I. W. Hellman, San Francisco.
General offices, Paciflo
Electric Bldg., Los Angeles.—V. 93. p. 667,872,1463; V. 95, p.
298,750,1208;
V. 96. p. 203, 1298, 1365, 1773; V. 97, p. 522.
i
LOS
ANQELES
RAILWAY CORPORATION.
Entire $20,000,000 stock, except directors'
H. E. Huntington.
Mr.
qualifying shares, is owned by
ORGANIZATION.—Incorporated In California on Nov. 7 1910 as suc¬
Los Angeles Ry., and has acquired all the
city narrow-gauge lines
by the Paciflo Electric Ry. and the Los Angeles Interurban Ry., and
those portions of the Los Angeles & Redondo Ry. and the Californla-Paciflc
Ry. Co. lying north of an east-and-west line running through Hawthorne
and Athens, thus comprising all the street railway business of Los
Angeles.
V. 91, p. 1386.
More than 85 miles of track is on private right of way. All
main line and practically all down-town line franchises extend
beyond 1940.
In Deo. 1910 the City Railway Co. of Los Angeles was
incorp. ($5,000,000
stock; all owned by Los Angeles Ry. Corp.),for.the
purpose of building new
lines for the corporation.
(V. 91, p. 1766.)
Has made a $5,000,000 mtge
covering new lines when built.
cessor to
owned
STOCK AND BONDS-—
Dale.
Interest.
Outstanding.
Maturity•
Stock, $20,000,000
$20,000,000
1st & ref. M. $20,000,000
g-)1910
5 g J-D
14,305,000 Deo. 1 1940
($1,000) sink, fund
o«/Los Ang. Trust & Sav. Bank, Trustee.
Los Ang. Ry. M. $5,000,000,1
1899
5 g A-O
4,852,000 Oct. 1 i938
goldJ&_($l,000 each)
c'/Int. at Union Trust Co., San Fran., Cal., Tr.
.
Id
Sept., 1913.]
ELECTRIC RAILWAYS
STOCK AND BONDS"—
Date.
Los Angeles Trao( 1st mtge.l 1895
Interest.
Outstanding.
Maturity.
8 g M-N
$250,000
May 1915
$260,000, gold ($1,000)... jst. Louis Union Tr. Co., St. Louis, Trustee.
Los Angeles Trac 1st eon M.1 1898
i 5g J-D
250,000
Deo 1 1938
^.gold, $250,000 ($1,000)...ISt.Louis Union Tr. Co., St. Louis. Trustee
City By of L A 1st M $5,000,1911
5 F-A
8,613,000 Feb
1 1941
000 ($1,000) gold
--c»JInt, at Los Aug. Tr. & S. Bk., Los A., Trus.
Bonds.—Of the 1st Ab ret. mtge., $5,352,000 are reserved to retire prior
lions, 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 Ab London Paris Nat. Bk., San Fran.
Bonds are not
subj. to oall.
Bonds have sk. fd. of $10,000 per month (inol. s. f. on under¬
lying bonds) to be invested in 1st 8s ref. bonds at 105 and int. or less, or in
approved seouritles; 1st & ret. bonds purchased for s. f. to be kept alive,
$348,000 bonds are held in sink. fd.
V. 92, p. 262; V, 94, p. 1383; V. 95,
6.ank,
1273.
On 80
days'
notice
be made
at the
Nat. Nat.
City
N. Y.
Int.
on both
theint.
Losmay
Angeles
Trac.payable
issues paid
at Chase
Bank, New York.
City By. Co. of L. A. 1st M. bonds nave a sink, fund
2% per ann. of prinoipal amount of bonds, beginning Jan. 1 1916.
EARNINGS.—For
ending June 30 1912, gross, $6,205,601; net,
$1,977,260; int. and taxes, $1,401,815; net income, $575,445.
Passengers
carried, 122,702,682.
year
PROPERTY.—Comprises 370.27 miles of track; 60, 72, 87 and 116-lb.
rails.
Owns and controls 800 passenger cars, of which 451 are of P-A-Y-E
Has favorable power contract with the Pacific.
type, and 87 misc. cars.
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., H. E. Huntington; VwP. As Gen. Mgr., Howard
Huntington;
1273;
Sec. & Treas., C. A. Henderson.—V. 94, p. 1383;
V. 96, p. 487, 1365; V. 97, p. 521.
V. 95, p.
LOUISVILLE, KY.
—
■
fiany
provided the
Ry. Co. with
needed
money common
to be used
for
mprovements,
the Louisville
railway company
Issuing
$1,100,000
stock
therefor.
See V. 79, p. 968.
in April 1907 authorized common stook
of the Traction Co. was Increased from $12,000,000 to $15,000,000.
V. 84,
?. 931. In April 1908 preferred stock was Increased from $2,500,000 to
3,500,000 ana the additional $1,000,000 offered to stockholders at par, all
of which was takem
The old Louisville Ry. Co. was Incorporated Jan. 22 1867, and Is a Ken¬
tucky company, owning all the street railways In the city of Louisville and
its suburbs.
It has $5,500,000 common stock and $2,500,000 preferred
stock, practically all owned by the Louisville Traction Co.
Franchises
are partly for 99 years from 1886 and partly perpetual.
The Louisville & Interurban Ry. has been organized in the interest of
the Louisville Ry. 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 Ry. Co.
In Jan. 1911 the Louis¬
ville Ac 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 Ry. issued an additional $1,000,000 gen. M.
bonds to pay for improvements.
V. 96, p. 553.
.
,
Date.
Interest.
-
Outstanding.
Maturity.
Common, $15,000,000
Q-J
$11,889,700 Oct '13. 1%
Pref., 5% cum., $3,500,000
A-0
3,500.000 Oct'13,2
Louisville Ry gen mtge, gold.) 1910
5 g F-A
4,000,000 Feb 1 1950
$20,000,000 ($1.000) .1 -o*) Int. at Fidelity Trust Co., Louisville, Trustee
Louisville Ry. cons. M>., gold, [ 1890
5 g J-J
6.000.000 July 1 1930
$6,000,000 (listed N Y) CM Interest payable by Sellgman As Co., N. Y
I
Fidelity Trust Co., Louisville, Trustee.
Louisville Ry 2d mtge, $2,- 1 1900
g M-S
2,000.000 Mch. 1 1940
000,000, g ($1,000) ...— JInt. at Columbia Tr. Co.. Louisville. Trustee
...
.
prior liens; the remainder Is for extensions and Improvements.
Bonds are
not subject to call.
Dividends.—On Traction pref., 5% per annum.
On com. the first semi¬
annual dividend, 1 H%, was paid Oct. 1 1904.
In 1905, 3%.
In 1906.
4%.
In 1907, 4%.
In 1908, 3%.
1909 to 1912 lncl„ 4% per ann.
In
1913, Jan., 1%; April, 1%; July, 1%; Oct., 1%.
ROAD.—The Louisville Ry. Co. owns 175H miles of track on 77 X miles of
street, with 13 M miles outside city limits; all is electric.
Affords entrance
Into Louisville for the Lou. & Nor. Ry. Ab Ltg. Co. and Lou. As Sou, Ind.
Trao. Co.
The Louisville As Interurban operates 102 miles of track in Jef¬
ferson County, Incl. extensions to La Grange and to Shelbyville in Oldham
and Shelby counties.
An extension from Kosmosdale to West Point, 3
miles, is proposed.
'
REPORT.—Of Louisville
See 1912 report
Gross
in V. 96,
Net'
p.
Railway Co. for fiscal
years
ending Dec. 31.
1015.
Other
Int. A
Pf.Div.
in 1911, leaving a surplus of $28,563 in 1912, against $14,960.
OFFICERS.—Pres., T. J. Minary; V.-P., A. P. Humphrey; Sec. and
Treas., Samuel G. Boyle,
y. 88, p. 564, 686, 823; V. 90, p. 167, 372, 503,
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.
'■ ,
.
INDIANAPOLIS & LOUISVILLE TRACTION RY.—A trolley road.
pRGANIZATION.—Incorp. in March 1912 in Indiana as successor to the
Indianapolis Ab Louisville Traction Co.. sold at foreclosure on March 211912;
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
------$596,500
Preferred stock $600,000—
576,750
First mtge
$1,500,000 goldl 1912
5 g A-O
849,800 April 11942
($100, $500 and 81,000)-c* J Int. at Colonial Trust Co., Pittsb., Trustee
Bonds.—Of remaining 1st mtge. bonds $650,200 are for impts. and extens.
at 80% of cost.
Subj. to call on any int. date at 105 and int.
Sink. fd. of
2% per ann. begins Oct. 1 1917, increasing 1% each year to and incl.
April 1 1921, then reduced to 1% per ann. thereafter.
EARNINGS.—For year ending Dec. 311912, gross, $137,364; net,
ROAD,—Operates 20 miles of track, Louisville to Sellersburg, with
ROAD.—40.9 miles of track from Sellersburg (from which point cars
are run into Louisville over tracks of Louisville As Northern Ry. Ac Ltg. Co.)
Seymour, from which place it enters Indianapolis over the tracks of the
Ind. Col. Ac South. (Interstate Public Service Corp.)
Louisville to Indianapolis were put into operation
Through cars from
in
1908.
Standard
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. Strattan, New Albany, Ind.—
V. 82, p. 509, 868; V. 94, p. 1626.
(I)
United Gas & Electric Co,
ORGANIZATION.—incorporated In Indiana in 1902 and acquired the
New Albany Gaslight As Coke Co., New Albany Light, Heat As Power Oo.
Jeffersonvllle Electric Light, Heating, Gas As Coke Oo. and Jeffersonvllle
Light Ab Water Co.; also controls the Louisville As Southern Indiana Traction
Co.
Does entire gas and eleotrio-lightlng business In New Albany and
JeffersonviUe. and supplies also Port Fulton, Sliver Grove and Clarksville.
Franchises, 45 years in New Albany and 50 years in Jeffersonvllle from 1902;
in other towns from 20 to 40 years.
Guarantees the $250,000 first mortgage
Interest.
Outstanding.
Maturity.
$1,000,000 —
—
1902
6 g J-J
702,000
See text.
———-c*( Interest at American Trust As Sav. Bank,
I
Chic., Trus., and at Eliot Nat. Bk., Boat.
Date.
Stock, $1,000,000 ($100)—
—
-
First mortgage $750,000 ($1f
000) gold
-
First consolidated mortgage *)
See text.
680,000
5 g J-J
1904
$1,500,000 gold ($500 and)Interest at American Trust Afc Savings Bank
$1,000)
Chic., Trus., or at Eliot Nat. Bk., BostonBonds.—$702,000 1st consols are reserved to retire a like amount of
lrst 68;
$70,000 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.
Gen. Mgr., John E.
Greeley, Scottsburg, Ind.;
V.-P., Mark Stoven; Scottsburg, Ind.; Sec., W. A. Gadienth, New Albany,
Ind.; Treas.. E. S. Gwin, Scottsburg, Ind.—V. 94, p. 911.
LOUISVILLE & NORTHERN RAILWAY & LIOHTINO.
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 laws of
Indiana In Deo. 1905
$900,000 of the $1,000,000 stock of the United
Gas As Electric Co. and $232,700 stock of the New Albany Water Works
Co, are deposited under this company's mortgage.
Has purchased the*
electrical equipment of the Kentucky As Indiana Bridge Co.. and leases the
bri ge for 20 years, thus affording independent entrance Into Louisville.
Company does electric lighting and express and freight business In addition
to passenger business.
Road Is mainly on private right of way.
■
,
,
EARNINGS.—For years ending June 30: • Fiscal year changed In 1910
Picture* for 1910 include 13 months.
•'
1912-13.
1911-12,
1910-11.
1909-10.
from May 31 to June 80.
Gross
earnings—:--—
Oper. exp. & taxes
$317,625
202,361
Net earnings——
Interest
$115,264
73,809
Balance————
$41,809
—
'
$312,682
200,702
$299,369
192,921
$305,629
$111,980
71,393
$106,448
66,175
$117,618
66,484
$40,587
$40,273
$51,134
188,011
OFFICERS.—Pres., Chester P. Wilson; V.-P.. Howard L. Olds; 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.
(a)
Louisville & Southern- Indiana Traction Co.
ORGANIZATION.—Incorporated in Indiana under the General Railroad
Laws in 1903, and Is successor to the Southern Indiana Interurban Railway
Oo.
from Aug. 1
Leases the New Albany Street Railway Co. for 25 years
1903 (with privilege of renewal for 25 years) at a yearly rental of $500, the
Int. charges and taxes and divs. of 4% on $100,000 preferred stock.
V, 77,
p.
769.
In Sept. 1904 acquired the Highland RR. for $10,000 In bonds;
V. 79, p. 1643.
In Dec. 1905 acquiied the Jeffersonvllle City Ry.
See V.
81, p. 1792.
Is controlled by the United Gas Ac Electric Co., which see
above. Franchises owned are for 50 years: also permitted to carry freight
,
STOCK AND BONDS-"
Date.
Interest.
Outstanding.
Maturity.
Common, $2,000,000 ($10)
$2,000,000
Pref 6 % cum. $1,000,000 ($10)
434,980
First
mortgage
$1,000,0001 1903
5 g M-S 15
1,000.000 Sept.l5 1928
gold ($500,OQO j^nd $1,000) )Int. at Amer. Trust Ac Sav. Bank. Chicago,
c*
.J
and U. S. Trust Oo., Louisville, Trustees.
Yew Albany St. Ry $250,000/ 1902
5 F-A
350,000 Aug. 1 1927
($1,000) guar prln As Inter) Tnt. at U. S. Trust Co . Louisville, trustee.
Bonds.—1st M. bonds have no sk.'fd.. but are subj. to call after 10 yrs. at
105 Ac int.
See V. 77, p. 769, 2339.
New Albany St. Ry. bonds are subj.
to call on any int. date at 105 Ac Int. and are guaranteed by United Gas As El.
_
__
.....
... — —
——
ROAD.—Operates 33 miles of track, Including 10 ^ miles leased from
Yew Albany street Ry. and also line between New Albany and Jefferson¬
vllle, and city lines In Jeffersonvllle.
An extension to Louisville was com¬
pleted in .Sept. 1905.
Has a contract with "Big Four"
RR. for the use
of Its bridge over Ohio River and with Louisville Railway Co. allowing Its
ears to enter Louisville.
Has erected an interurban terminal on Third St.,
Louisville.
Girder rails, 90 lbs., T rails 75 and 77 4 lbs,
OFFICERS.—Same
as
for Louisv. Ac Nor. Ry. & Ltg.
Co.—V.81,p.l792.
<s>
LOWELL, MASS.
LOWELL & FITCHBURO STREET RY.—A trolley road.
In 1913 W. W. Sargent, Pres. of the Fitchburg Ac Leominster St.
and associates acquired control.
ORGANIZATION.—incorporated
Massachusetts
In
In
Ry,,
1903.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
Stock. $275,000, $100....
—$275,000
,.r
First mortgage, see text
\ 1906
5 g J-J
275 000 Jan. 1 1928
gold ($1,000) no s f_/Subject 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 1913, gross, $57,545; net, after
taxes, $18,805.
——
ROAD.—Operates 14 miles between North Chelmsford, a Suburb of
Lowell, and the village of Ayer, with a spur running from North Chelmto 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.
....
ford
OFFICERS.—Pres., W. W. Sargent; V.-P.. O. F. Baker; Sec. & Treas.,,
R. N.
Wallis, all of Fitchburg, Mass.
McALESTER, OKLA.
CHOCTAW RAILWAY &
LIGHTING CO.
ORGANIZATION.—Incorporated in June 1905 as successor to the
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.
"
•
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, com.* $750,000 ($25)
$740,900
Pref. 6% cum, $250,000 ($25)
248,500
1st
mtge.
$1,500,000 goldl 1908
5 M-S
906.500 Mar. 1193$
($500 and $1,000)
/McAlester Trust Co., Trustee.
-—
75-lb. T rails.
OFFICERS.—Pres. &
lino
a
thus forming a through line between Louisville and Indianapolis.
The
line from Louisville to Charlestown will form part of a through line between
after
J
taxes, $54,929.
gauge;
>■
branching off at Watson and running to Charlestown.
At Sellersburg
connects with Ind. Ac Louisv. Trac. Ry. Co., running to Seymour, where
connection is made with the Ind. Ool. & So. (Interstate Public Service Oo.),
—
to
:
•
paid at rates called for up to April 1909, when H% was paid on both
classes; same amount quar. since to July 1913.
Common
Balance,
Yr.
Revenue.
Earnings.
Income.
Taxes.
(5%)
Div.
Surp.
1912.$3,130,492 $1,340,455 $234,885 $786,127 $125,000 $545,650*$118,563
1911- 3,030,598
1,287,773 210,000,704,416 125,000 545,650 122,707
♦In 1912 there was deducted $90,000 for deprec'n, Acc., against $107,747
-
*
were
..
Bonds.—$8,000,000 of the gen. M.-bonds of 1910 are reserved to retire
Cat.
,
■
STOCK AND BONDS—
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 com-
STOCK AND BONDS—
———
bonds of New Albany Street Ry. Co.
ORGANIZATION.—Incorporated In New Jersey on July 5 1903, and
acquired practically all of the stock of the Louisville Ry. Co
Holders of
common stock of Louisville Rv., on payment of $55 in cash, reoelved three
shares of new common stock in exchange for each share of old stock held.
•
—
—
LOUISVILLE TRACTION CO.—A holding company.
*
rt_
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity,
Common, $3,500,000
$3,500,000
Pref. $1,500,000, series A As B
Q-J
917,130
See text "
1st mortgage, $2,500,000, gf 1905
5gJ-D
500,000 Deo. 1 1925
($500 and $1,000).—oM Int. at Amer. Tr. As Sav. Bank, Chicago,
I
Trustee, or at Eliot Nat. Bank, Boston.
Bonds.—Unissued bonds can only be Issued for 80% of cost of property
built or acquired.
Are subjeot 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% la 1909 and 6% In
1910 and thereafter.
Dividends.—Dividends from July 1 1906 on both classes of pref. stock
.
-
Bonds.—Int. at Colonial Trust Ab Sav. Bank, Chlo.; Nat. City Bank,
N. Y., and Mercantile Tr. Col. St. Louis.
Bonds are subj. to call after 1913
at
105.
Remaining bonds may be Issued, under certain restrictions, for
V. 88, p. 1619. $18,500 have been retired tliroug
add'ns and acquisitions.
sinking fund.
.....
EARNINGS.—For cal. year 1911,
gross, $197,905; net, $63,113.
gross,
$192,530; net, $*1,354.
1910,
,3
.
•
.
ROAD.—Operates In cities of McAlester and Hartshorne, and an lntei3
urban, over private right of way, between the two cities. 23.26 m. of
Standard gauge; rail, 66-70-ib. T.
12 passenger cars, 7 other cars
track.
OFFICERS.—Pres., William Busby, McAlester; V.-P. & Gen. Mgr.,
L. E. Fischer, St, Louis, Mo.; Treas., Russell Palmer, St. Louis, Mo.
Sec. Ac Aud., B. R. Stephens, McAlester.—V. 88, p. 1619? V. 97, p. 175,
*l
_
5
^
e
■
"
I
'
'
'
*
i
'
i
■
:
•
V;
74
RAILWAYS
ELECTRIC
McKEESPORT &
•on,
WESTMORELAND RY.
Madison.
Sale.—The road was bid in at the receiver's sale oil Feb. 25 1913 by An¬
drew Peck, I. I. Robertson (former President and
Vice-Pres., respectively)
and William Chilvers.
Compare V. 96, p. 361, 716.
ORGANIZATION.—Incorporated in Pennsylvania in 1906, and on
Jan. 29 1910 took over the Pittsb. & Westmoreland Ry. Co. (V. 90, p. 111).
Franchises perpetual and permit the carrying of freight and coal.
REPORT.—Year ending
and after $10,301
Dec. 31 1912, gross, $228,586; net (after taxea
deprec.), $80,918.
In 1911, gross, $196,303;
net, after
taxes, $83,575.
OFFICERS.—Pres., F. W. Montgomery; V.-P
Dudley Montgomery.
A Treas.,
Warren Montgomery; Supt., D. Montgomery.—V. 79,
601; V. 80, p. 1174; V. 83, p. 96. 156; V. 92, p. 1566.
,
Seo.
D.
ROAD.—Runs between Irwin and McKeesport, about 11 miles, using
West Penn Ry..into McKeesport.
Gauge, 5 ft. 2% inch.
70-lb. T rail
73 and 90-lb. girder.—V. 89, p. 994; V.
90, p. Ill; Y. 93, p. 1387;
V. 96, p. 361, 716.
•,
MANCHESTER, N. H.
and
MANCHESTER TRACTION. LIGHT & POWER CO.
ORGANIZATION.—incorporated in 1901 in New Hampshire and com-
.
.
Srises the several light, power and street railway properties In and acround
ianchester.
The company owns the stock of the Manchester Electric Co.,
which controls the Manchester Electric Light Co. and the Manchester Street
MACON. GA.
GEORGIA LIGHT, POWER & RAILWAYS.
ORGANIZATION.—Is a voluntary association formed under Massa¬
chusetts laws in Sept. 1911.
Has acquired all the com. stock of Macon Ry.
& Light Co., practically all the com. & pref. stocks of Macon Gas Co., $3,660,000 (of the $4,000,000] stock of the Central Georgia Power Co. and the
.entire capital stock of the Central Georgia Transmission Co.
Also owns
over $1,300,000 6% securities of its constituent
companies issued for new
construction, &c,
____
EARNINGS.—For the 12 mos. end. Dec. 31 1912 (with the extension
to Atlanta only completed in Sept. 1912), interest, div. and surplus earn¬
ings accruing to Georgia Lt., Power & Rys., $260,050; less all income de¬
ductions, incl. int. charges and general expenses, &c., $144,320; balance
applicable to dividends, $115,730.
'
'
-
PROPERTY.—Through controlled companies operates entire electric
railway and gas business in Macon; furnishes electric light and power in
Macon, Monticello, Forsyth, Barnesville, Griffin, Bibb and Hampton, Ga.;
also sells a large amount of electricity in Atlanta.
OFFICERS.—Pres., Phillip G. Gossler, N. Y.; V.-P., J. D. Everett;
Sec. & Treas., Herman S. Swift; Asst. Sec. & Asst. Treas., W. E. Fulcher.
—VJ. 93, p. 1532, 1668; V. 94, p. 630; Y. 95, p. 544.
1)
Macon Railway &
com.
Ry.; also owns entire $175,000 stock of the Manchester A Derry Street Ry.
Manchester St. Ry. stock now authorized and Issued, $1,219,500.
In June 1906 Manchester Traction Light A Power acquired the entire
$200,000 (now $240,000) capital stock of the Goffs Falls Litchfield & Hudson
Street Ry. (name changed in Feb. 1907 to Manchester & Nashau Street
Ry.) and Issued $350,000 stock to pay for the same and to provide oostof
improvements. Ac.
See V. 82, p. 1380.
In Nov. 1908 the Comm. authorized the Manchester Trao. Lt. & Pow. Go.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $8fOoo,000 ($100)
$7,660,600
Pref.,$2,0004000 6% n-c.($ 100)
500,000
Apr 13 3%
First lien mtge.,
$6,500,000/ 1911
5 M-S
3,280,000 Sept 1 1941
gold ($1,000)
;
c*<5crlNew York Trust Co.. New York. Trustee.
Stock and Bonds.—Pref. shares are callable at 110 and are
pref. as to prln,
and dividend; are listed on Pittsburgh Stock
Exchange.
Common stock
is listed on
Pittsburgh, Chicago and London stock exchanges.
The
remaining $3,220,000 first lien bonds are reserved under careful restrictions
for acquisition of other securities and for extensions and
impts.
Bonds are
secured by deposit of all the securities owned by Ga. Lt. P. & Rys. Red. at
105 & int. on any int. date on 30
days' notice.
Prin. & int. payable at office
of A. B. Leach & Co., N. Y., or Bank of Scotland, London. Annual sk. fd.
$50,000 1916
to 1920, $75,000 1921 to 1925
and $100,000
1926 to 1940.
V. 93, p. 1532.
Bonds are listed on Chicago, Pittsburgh and London stock
exchanges.
Entire
Light Co,
by Ga. Lt., Pow. & Rys.
stock Is owned
ORGANIZATION.—Incorporated in Georgia
on Oct.
23 1902 by the
Railways & T ight Co. of America as a consolidation of the Macon Consoli
Street Ry., the Macon Electric Light & Ry., the North & South
Macon Street Ry. and the Metropolitan Street Ry.
The city ordinance per¬
mitting the consolidation, passed on Sept. 16 1902, granted a 50-year
franchise.
For terms, see V. 75, p. 733.
dated
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $900,000 ($100)
$887,700 Mch'13,3%
Pref., $300,000 ($100) 6% cum
6 A-0
283,600 Apr '13, 3%
Maoon Ry & Lt 1st cons mtge] 1903
5 g J-J
1 1953
959,000 Jan
g, $1,000,000 ($l,000)__c*/lnt. at Equitable Trust Co., N. Y., trustee.
Macon Elec Lt&Ry 1st mtge(
1899.
6 g J-J
42,500 Jan. 1 1929
$100,000 ($500) gold
c*jlnt. at Equitable Trust Co., N. Y.; trustee.
Bonds.—Macon Ry. & Lt. 1st consols are subject to call on any Interest
date at 110 and int. $41,000 bonds, $12,300 com. and $16,400
pref. stock
are beld by Savannah Trust Co. to retire the
$42,500 bonds remaining out.
.__
....
See V. 76, p. 212.
Dividends.—6%
per
annum has been paid s.-a. on pref., 1903
1st div.—3%—paid July 1910;
Sept.,
to April
incl.
On com.
1H%.
In
1911, Jan., 1H%; July, 3%.
In 1912, 6%.
In 1913, Mar., 3%.
ROAD.—Owns and operates about 36.6.3 miles of track, all of which has
1913
been re-laid with 70-lb. rails.
61 cars.
EARNINGS.—For years ending Dec. 31:
Year end.
Gross
Net (after
Int. on
Pfd.Div.
Dec. 31.
Earns.
Taxes).
Bds.,&.c.
(6%).
1912
$554,742
$219,264
1911
512,550
214,439
$58,477
,51,800
Common
Dividends.
to Issue $400,000 additional stock to take over the stocks of the Mancheste*
& Nashua St. Ry. and the Manchester A Derry St.
the Comm.
Macon
Gross
Gross
_
Net
Earnings.
$140,915
120,463
_
1911
(iafter
Taxes).
$43,672
Interest
Notes.
on
$3,145
35,905
Preferred
Balance,
Dividends.
Surplus.
$10,000
10,000
$30,527
Has 3 gas
holders and over 50 miles of mains, &c.
Output
100,000,000 cu. ft. per annum.—V. 93, p. 942, 1537.
'3)
-
(n
Central
412,532
$104,365
93,704
1910-11
397,519
93,999
•
alent)
_
c*&r*J
r
_I
590,600
A. B. Leach A Co., N. Y.,
Scotland, London.
Subj. to call at 105 and int. for sk. fd. or
any or all at co's option on any Int. day beginning May 1 1913.
Sk. fd.
of 1 % of bonds out begins in 1913.
V. 88, p. 1199.
EARNINGS.—For 12 mos. ending April 30 1913, net, $231,338.
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
notes are owned by Ga. Lt., Power & Rys.), running to
Hampton and
Atlanta.
Total length of transmission lines, 125 miles.—V. 93, p. 1536,
or
_—
on
bonds is payable at office of
Bank of
1670.
_
STOCK
AND
BONDS—
Date.
Interest.
Outstanding.
Maturity
$50,000
Mad A lnterur Trac 1st mtgel 1906
5 g M-N
660,000 May 1 1931
$685,000 gold ($1,000) _c*jlnt. at Citizens' Sav. A Tr. Co., Cleve., Trus.
Gen mortgage, $2,000,000 g) 1907
5 g J-J
500,000 June25 1932
($500 and $1,000)
c*\Int. at Merch. Loan & Tr. Co., Chic., trustee.
Bonds.—Mad. & Intern. Trao. 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 days' notice.
Originally
bonds had no s. f./bjut by terms of supplemental mtge. $10,000 was made
payable Aug. 20 1912, $15,000 Aug. 20 1913 and $20,000 annually on each
Aug. 20 thereafter until maturity. " V. 92, p. 1566.
$10,000 have been
canceled.
Of the gen. mtge., $675,000 are reserved to retire above prior
liens.
Light,.
Tr.,.
on
Surplus.
*Dividends.
$19,320
16,324
(6%)$73,170
12,691
Manchester Street Ry. stock.
(6%)73,170
(6%)73,170
$11,875
.
4,210
8,138
OFFICERS.—Pres., E. C. Foster; Treas., S. Reed Anthony.—V. 87,
V. 93, p.1787; V. 97, p.117,176.
p.1160,1420;
MANISTEE, MICH.
manistee
railway
co.
Successor to Manistee Lt. & Trac. Co., sold at foreclosure in 1912.
Gas
and electric departments were taken over by the Manistee Pow. & Lt. Co.
Does the street railway business in Manistee, Filer City and
Parkdale.
Franchise 30 years from 1904.
ROAD.—Operates 10 miles of track. * Gauge 4 ft. 8 Yi in. 35 to 100-lb.
T and 85-lb. girder rails. 28 cars. Operates a 50-acre park on Lake Mich.
OFFICERS.—Mgr., Charles E. Ruger.—V. 85.
p.
864; V. 88, p. 158.
MARION, ILL,
COAL
BELT
ELECTRIC
RY
In 1904 passed Into control of the St. Louis Iron Mountain A Sou. Ry. Co%
SrOCK AND BONDS—
Datel
Interest.
Outstanding
Maturity.
J
$300,000
_
EARNINGS.—For fiscal year ending June 30 1912, gross,
In 1910-11, gross, $47,178; net, $7,383.
$14,825.
$57,520; net,
.
ROAD.—Operates 13.43 miles of track from Marlon to Carterville and
Standard gauge.
52 to 70-lb. T rail.
Herrln.
OFFICERS.—Pres., Geo. J. Gould; V.-P., E. J. Pearson; Gen. Mgr.*
Higgins; Sec., F. W. Irland; Treas., F. M. Hickman; Gen. Aud.
Livergood, St. Louis; Supt., W. E. Brooks, Illmo, Mo.
J. W.
J. G.
MATTOON
illinois
public
CITY,
ILL.
service co.
ORGANIZATION.—Incorp. in Illinois in 1902
as the Mattoon City Ry.
V. 91, p. 655.
Up
1912 did merely an electric light, power and heat business to
Mattoon and an electric light and power business in Charleston and Kansas,
111., besides operating street railways in Mattoon and Charleston and an.
interurban railway between those two points.
But on July 29 1912 in¬
creased capital stock from $330,000 to $6,000,000 ($2,500,000 pref.), and
on Aug. 1 1912 began acquiring additional public service properties in Cen¬
tral, 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. &
Sav, Bk., Chicago.
and
to
on
Aug. 25 1910 changed its name to the above.
Aug.
1
.
STOCK
AND
BONDS.—
Date.
Common $3,500,000
Preferred 6% cum. $2,500,000
Interest.
__
_
Outstanding.
$3,500,000
Maturity.
_____
2,500,000
and
ref.
mtge.
gold! 1912
5 F-A
3,000,000 Aug 1 1952"
($1,000)
c*j Interest payable in New York.
Underlying bonds (incl. $456,990 owned)
1,525,500
10-year gold debentures
6%
135,000
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 com-
First
f>any
in its treasury
$456,990,
it will,
unds,has
exchange
for its own
bonds,which
par for
par. as it may require additional
MADISON, WIS.
SOUTHERN WISCONSIN RAILWAY CO—A trolley road
ORGANIZATION.—Successor to the Madison A Interurban Traction Co.,
which was Incorporated In Jan. 1905, and on Sept. 1 1905 purchased the
Madison Traction Co., which was Itself successor to the Madison Electric Ry.
Franchises expire in 1932, 1938 and 1944. and are practically exclusive.
Stook, $100,000
142«
p.
EARNINGS.—Of Manchester Trac.* Light A Power Co. for year end¬
ing June 30 1913, gross, $506,050; net, $369,956; other income, $74,951;
interest an<l taxes, $135,151; dividends (8%), $224,000; surplus, $85,756.
central
,
Notes
V. 87
25,905
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $4,000,000
$4,000,000
Mtge, $3,000,000, g ($1,000,) 1908
5 M-N
3,000,000 May 1 1938
$500 & $100, or £ equiv-)) Windsor Trust Co., New York, trustee.
Bonds.—Int.
This is dividend
now exceeds
Georgia Power Co.
Georgia Lt., Power & Rys. owns $3,660,000 stock and $590,600 notes.
ORGANIZATION.—Incorp. in Ga. on Mch. 4 1907 as Bibb Pow. Co. and
Jan. 1908 changed name to present title.
Began operations June 1 1911.
.....
Ry.
At the same time
stock of the former com¬
Int. A Tax.
$463,021
1911-12
Stock, $300,000 ($100)
Was formerly Macon Gas,
Co., but in Oct. 1911 transferred Its water plant to the city
and changed name to present title.
Controls entire gas business of Maco ,
Practically all the $300,000 com. and $210,200 pref. stock is owned by Ga.
Lt., Power & Rys.
Company has no bonds.
<
EARNINGS.—For years ending Dec. 31:
1912
Net.
1912-13
$17,016
(6%)$62,139
$81,632
17,016
V.-Ps., P. G. Gossler and T. P.
Gas Co.
$40,000 in
Light & Power Co. and $40 in cash.
Offer remains open until Oct. 1 191&
and must be accepted by 90% of stock.
V. 97, p. 120, 180.
Franchises perpetual.
STOCK—
Date.
Interest.
Outstanding
Maturity.
Stock, $5,000,000 ($100)
Q-J 15
$2,800,000 July'13, 2%
Firirtconsol mtge, $2,000,000,/ 1901
5 g A-O
1,750,000 April 1 1921
gold ($1,000)
cMlnterest at American Trust Co., Boston, Tr.
Manchester Electric Light Col
first mortgage; $250,000
J 1897
5 g A-O
250,000 Oct. 11917
Golls Falls Lltch & Hud 1st Mi 1906
5 g J-D
200,000 June 1 1926
gold $300,000 ($1,000)
iInterest at American Trust Co., Boston, Tr.
Man A Derry St Ry 1st mtge, I 1907
5 J-D
125,000 Dec
11927
$500,000 ($1,000), guar
jlnt. at American Trust Co., Boston. Trustee.
Bonds.—Of the new first consolidated mortgage $250,000 are reserved to
retire
the
bonds
of
the
Manchester
Electric
Light Co.
The Goffs
Falls Litchfield & Hudson and the Manchester A Derry St. Ry.
bonds
are guar. prln. and int. by Man. Trao.. Lt. & Power Co.
ROAD.—The different roads controlled comprise 64.058 miles of track a»
follows: Manchester Street Ry., 41.368 miles; Manchester & Nashua Street
Ry. (formerly Goffs Falls Lltch. A Hud. St. Ry.), 14.335 miles; Manchester
A Derry St. Ry., 8.355 miles.
Dividends.—First dividend of 3 % on July 15 1901; in 1902, 6 %', In 1903
(changed to quarterivi, 7 HI %: in 1904, 6 %: in 1905, 6 %; In 1906. 7%; in
1907, 8
%; 1908 to 1912, Incl., 8% per annum; 5% extra div. in 1911-12;
in 1913, Jan., 2%; April, 2%; July, 2%.
'*
REPORT.—Of the Manchester Street Ry. for years ending June 30:
Balance,
Surplus.
& Water
Years—
Increase of
In July 1913 offered to exchange the $600,000 stock of the Nashua
ORGANIZATION.—Incorp. In Ga. In 1852.
Dec. 31
an
Heat & Power Co., each share to receive one share of stock of Manch.
OFFICERS.—Pres., Wm. H. Felton:
Sec. & Treas., Richard Oudersluys.—V. 86, ii. 421,1664; V.
89,
p. 529; V, 91, p. 945; V. 93, p. 1532.
(2)
authorized
pany and $50,000 Increase In latter company's stock.
Wickham;
Lt.
xcvii
ROAD.—Owns 14 miles of standard-gauge track, including lines in Madland extension to Fair Oaks, Elmslde, Lake Park Cemetery and South
McKEESPORT, PA.
PITTSBURGH
[Vol.
street railways in Anna,
Mattoon, Taylorville and
The Central Illinois Traction Co., whose stock and bonds
deposited under the mortgage, owns an interurban railway between
Mattoon and Charleston and a street railway in Paris.
It is contemplated
ROAD.—Owns
Charleston.
are
later to extend the interurban to a connection at Paris with
line
($100)
now
an
interurban
operating between Paris and Indianapolis.
OFFICERS.—Pres., Marshall E. Sampsell; 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'. '
&
MAUCH
CHUNK, PA.
CARBON TRANSIT CO.—A trolley road.
ORGANIZATION.—Incorporated In July 1908 in Pennsylvania as a re¬
organization of the Carbon Street Ry.sold at foreclosure sale May 16 1908.
Property Is being Improved by reconstruction, new equipment, Ac., In¬
cluding the development of Flagstaff Park on Flagstaff Mountain, whloh is
850 feet above and overlooks the picturesque Mauch Chunk.
Sept., 1913.]
ELECTRIC
STOCK AND BONDS.—
Daie.
Interest.
Outstanding.
RAILWAYS
Maturity.
Stock, $150,000 ($50)
$150,000
1st mtge $150,000 ($100
and/ 1908
5 g F-A
150,000 Aug 1 1933
$500) gold
o*(Int. at Mauch Chunk Tr. Co., Mauon Chunk,
Bonds.—Remaining bonds are reserved for future addltio
Subject to call as a whole or in part for sinking fund at 105 a
und, 2K% of total bonds certified, begins Jan. 1 1917.
OFFICERS.—Pres., R. J. Richardson;
I
Pa., trustee.
mtge $100,000 gold} 1910
• 5 g J-D
20,000 June 1 1940
($100 and $500)
c*/Int. at Mauch Chunk Tr. Co., Trustee.
Current liabilities Deo. 31 1912
21,557
S.
Second
.
$52,425; net,
$14,859; bond
ROAD.—Comprises 12 H miles ol track; 24 cars.
Owns about 425
of valuable real estate.
Including 75 acres on "Flagstaff Heights.",
acres
OFFICERS.—Pres., Val. Smith, Waynesboro; V.-P.,C.H.Latta, Bethle¬
hem; Sec. and Mgr., J. F. Gelser, Mauch Chunk; Treas.. Jno. M.
Wolff,
Waynesboro.—V. 90, p. 1674.
MEADVILLE, PA.
NORTHWESTERNIPENNSYLVANIA RY.
ORGANIZATION.—Incorporated
In Pennsylvania In March 1911 as
Meadville & Conneaut Lake Trac. Co., V. 92,
p. 187 (a hold¬
ing company), and its controlled companies, the Meadville Trao. Co. (V.
92,
p. 262)?and the People's Incandescent Lt. Co., V. 92, p. 1033.
Franchises
in Meadville expire ln31944.
Interurban franchise perpetual.
Affords con¬
nection for Penn. RR. System with Meadville.
In the latter part of 1912 purchased the Erie Traction Co. and
the Mead¬
ville & Cambridge Springs Street Ry.
Has made an offer to Erie RR. to purchase for
$150,000 its old main line
track between Meadville and Cambridge
Springs, which is to be abandoned
when the Erie completes its new double tracks at low
grade.
If offer is ac¬
cepted, this company will abandon its own line to Cambridge,
except a 4mfle spur to the Country Club, and will use the old Erie
main line
successor of the
instead,
thereby cutting down the running time between Meadville and Erie to
1M hours.
STOCK AND BONDS—
Date.
Interest.
Common, $1,000,000 ($50)
&c.
Sinking
impts.,
int.
Sec., Merrill Gr'swold;
Treas.,
sumnon.
'"
■
■■
.""i
'
•
MICHIGAN
1
-
m
CITY, IND,
CHICAGO LAKE SHORE & SOUTH BEND RY.
ORGANIZATION.—Organized In Indiana Dec. 1901.
No securities In hands of public
except
equipment bonds.
owned by syndicate, which has used them as collateral only.
"STOCK
AND BONDS—
Date.
Rest
all
Interest.
Outstanding.
Maturity.
Common, $5,000,000 ($100)
$5,000,000
Pref, $1,000,000 ($100),6%n-c
1.000,000
Istmtge, $6,000,000 ($1,000)/ 1907
5 F-A15
4.004.000 Aug 15 1947
gold
\Interest at Cleveland Trust Co., Trustee.
Equipment trust, $350,000 _-f 1908
6%
150,000
See text
(.Cleveland Trust Co., Cleveland. Trustee.
Bonds.—Remaining bonds are reserved for future extensions and Im¬
■
.
provements.
They are subject to call at 102 ^ at any Int. period.
Sink,
fund of $50,000 per annum begins Aug. 15 1917 for ten 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.
ROAD.—Operates a total of <59 vjj miles between South Bend and Chi¬
cago;
5 H
miles Hammond to Pullman, owned by Illinois Central RR.,
Is leased to Chicago Lake Shore & South Bend.
70-lb. T-rall.
OFFICERS.—Chairman, H. P. Mcintosh; Pres., F. H. Goff; V.-P., E. W.
Moore; Sec. & Treas., A. R. Horr; Gen. Mgr., C. N. Wllcoxen, Michigan
City,
Oper. Mgra., the Warren Bicknell Co.—V. 86, p. 51, 167, 420, 1528.
MIDDLETOWN, N. Y.
»
WALLKILL TRANSIT CO.
ORGANIZATION—Incorporated In New York on March 30 1905 as
foreclosure, to the Mlddletown-Goshen Electric Ry. and.the
Middletowu-Bloomsburg Eleo. Ry.
See V. 80. p. 1059, 1425.
Company
was placed In hands of receiver Oct., 1908, on account of a
judgment for
Injuries obtained by a motorman, but all Indebtedness having been paid offj
receiver was discharged April 23 1909.
*uccessor, under
Outstanding.
Maturity.
$1,000,000
500,000
__
Pref., $500,000 ($50) 5% non-o
mortgage,
$1,250,000/ 1911
5 g M-S
600,000 Mch
11941
gold ($1,000)---:.
.c'llnt. at Central Trust Co., N. Y., trustee.
People's Incandescent Light/ 1900
5%
150,000 Dec. 1,1920
Co. 1st mtge
_.\Dela. Co. Tr. Safe Dep. & Title Tns. Co., trus.
1st M. (Erie Div.) $1,500,000. 1912
5 J-D
250,000 Sept 1 1947
.....
First
STOCK AND BONDS—
See
M^(ErieDiyO $305,000.__ 1912
1912,
See text
text
305,000 Sept 1 1947
5 g J-J
Div.)$500,000\ 19071
500,000 July
ly 1 1929
g($l,000,$5,000,$10,000) c*/Int. at Secur. Sav. & Tr. Co., Erie/Trustee.
1st mtge
Erie Trac.(Erie
-Entire
common stock is held in
voting trust.
-Of the 1st M. of 1911, $150,000 are reserved to retire
prior liens;
remaining bondsSare for impts., extensions and acquisitions un<
ider 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, $500,000
are reserved to retire the Erie Trac. bonds and
$550,000 for extensions and
betterments and $200,000 are in treas.
Sink,
Bonds,
_
Date.
Interest.
Outstanding.
Maturity.
$350,000
300,000 May 11935
$500 and $1,000)___
c*llnt. at ComV'lthTr.Co.,Harrlsburg, Trustee.
Bonds.—$50,000 reserved for future Improvements.
Are subject to call
Stock $350,000
2d
stock.-
s,
Officers of Mesaba Ry. (operating co.)—Pres., Oscar Mitchell;
V.-P.,
W. D. Bailey; Seo. & Treas., F. M. Emanuelson; Gen.
Mgr., II. S. Newton.
—V. 94, p. 1317.
Bonds.—First mtge. bonds may be called at 105 and Int. on
any Int. day
alter Aug. 1 1913.
Second mtge. bonds are red. In any amount on any Int.
day alter June 1 1915 at 105.
EARNINGS.—For calendar 1912, gross,
Int. and taxes, $10,511;
surplus, $4,348.
75
($50)
$350,000 gold ($100,f
1905
5 g M-N
after
10 years at 105
EARNINGS.—For year ending June 301912, gross, $79,114; net, $9,550.
ROAD.—Operates 12.84 miles of track extending from Mlddletown,
N. Y., to Midway Park, Goshen, Including switches, turnouts, &c.
Ralls
65-lb. T except H mile only of 80-lb. girder.
Standard gauge.
OFFICERS.—Pres. and Gen. Mgr., DeWltt C. McMonagle; V.-P., Chas.
A. Kunkel; Sec., J. F. Weiss, Harrlsburg, Pa.; Treas., W. M. Oglesby, Har-
rlsburg, Pa.—V. 80,
p.
fund, 1 % annually, commenc¬
Erie Trust Co., Erie, trustee.
The 2d M. bonds bear 2%
the first year, advancing 1% yearly to
5%.
Int: J.-D. .Colonial
998. 1059.
1425. 2346.
ing April 1917.
int.
Trust Co., Pittsburgh, trustee.
The Erie Traction bonds have
of $20 for every $1,000 1st M. bond,
beginning July 1 1917.
a
lUTTT TPftPTl
sink, fund
ROAD.—Operates 11H miles of track in Meadville, 16^ miles be
tween Meadville and Linesville, incl. a 2-mile extension to
Conneaut Lake,
and 42 miles between Meadville and Erie.
Total track, 70 miles.
At
Linesville connects with the Penn. RR.
System.
EARNINGS.—For year ending Dec. 31 1912, gross, $250,342;
net, $86,In 1911, gross, $173,691; net, $56,107.
OFFICERS.—Pres., H. W. Thornton, Long Island City, N. Y.; V.-P.,
T. D. Rhodes, New York; Sec., Wm. Goodman, New
York; Treas., Charles
Fahr, Meadville; Mgr., Charles M. Hatch, Erie.
Gen. office, Meadville;
N. Y. office, 30 Broad St.—V. 92, p. 1033, 1436; V.
95, p. 420.
245.
ivr A QQ
MILFORD & UXBRIDGE STREET RY.—Trolley.
ORGANIZATION.—Incorporated In Massachusetts In 1901.
10
On July
1902 consolidated by purchase pf entire capital stock with the Mllford
& Framlngham St. Ry.
In 1907 the Mllford Investment Co,
Holllston
was
organized to finance the floating Indebtedness of the Mllford & Uxbridge.
STOCK AND BONDS—
Stock,
com,
Date
Interest.
Outstanding.
$440,000
$440,000 ($100)
Maturity•
See earns.
See earns.
1&98
165,000 Jan
11918
er. Trust Co., Boston, Trustee.
$165,000 ($1,000) gold
c*
Mllf.
&
Uxb.
5 g J-J
gold
bonds
335.000 Jan
1 1918
at Amer. Trust Co., Boston, Trustee.
($1,000) gold
c
EARNINGS.—For fiscal y
ending June 30 1913, gross, $223,337; net,
after taxes, $55,376; other
ges, $25,906; divs., $28,000 (5% on com.
and 6% on pref.);
surplus, $ ,470.
ROAD.—Owns 36 miles of
ack, from So. Framlngham to Uxbridge and
from Mllford to Medway and Hopklnton.
Also controls Lake Nipanuo
Park.
47 passenger cars, 8 snow plows and 4 miscell.; 134 electric motors.
OFFICERS.—Pres., John T. Manson, New Haven; Conn.; V.-P., GeP. F.
Holcomb, New Haven; Sec., Wendell Williams; Treas., J. E. Walker, Milford; Sfipt., W. L. Adams, Mllford, Mass.—V. 74, p. 1308; V. 76, p. 103;
V 88. p. 375; V. 90. p. 914; V. 91, p. 463, 1160.
Preferred $100,000 ($100)
M. Holl. & Fram. 1st mtge./
100,000
5 g J-J
.
MEMPHIS, TENN.
MEMPHIS^STREET
RAILWAY
CO.
Amer. Cities Co. (see under New Orleans) owns
86% com. and 88% pref
stock.
ORGANIZATION.—Chartered In Tennessee on March 28 1895 and con¬
solidated with the Citizens' St., East End St., City 8s 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 (excl. the
building owned in Mem-
£his and the car barns) of the Lakeview Traction Co. (sold
at foreclosure
Lakeview
l Sept. 1912) for
$160,000, payment to be made in 20-year
Traction bonds bearing 2% int. for 2 years, 3% for 3
years, 4%
and 5% for the last 7 years.
V. 96, p. 863.
Litcxsion
for 8
years
to Fares.—On
Sept. 7 1»07 the Supreme Court of Tennessee
holding invalid the Malone ordinance providing for
certain reduced fares.
V. 85, p. 654.
The Supreme Court has confirmed
rendered
a
as
decision
the co.'8 franchises in all respects, including right to charge 5-cent fare.
STOCK AND
BONDS—
Oom., $2,500,000 ($100)
Pre!.. $2,500,000 5 %. cum.,\
($100)red at llO&accr dlvsj
.Date,
interest.
Outstanding.
$2,500,000
Maturity.
Mch'13,1%
5 Q-M
2,500,000
June '13. 1 M
Oons.
meg..
$10,0o0,000,.
11905
5 g J-J
8,437,000
July 11945
gold (see text)
c»&rf Interest at Central Trust Co.;N. Y. Trustee.
Olts. St. RR. 1st M., ($1,000)1
1887
6 gJJ
906,000
Jan. 1 1916
gold, no s f, not red
c*/Int. at Am, Ex. Nat. Bk. of N. Y.
—•-
Bonds.—Of the $10,000,000 new bonds, $906,000 are reserved to retire
Citizens' St. RR. bonds. They are In denominations of $1,000
coupon and
$10,000 registered.
Are not subject to call.
Sinking fund $25,000 per
1910-14; $30,000,1915-19; $35,000,1920-24; $40,000 1925-29 and
1930-45.
Bonds in sinking fund are kept alive.
See V. 82, p
628, 1496.
$75,000 was held in sinking fund Dec. 1912.
S. P. Read and
M.S. Buckingham are trustees of Citizens' St. RR. mtge.
annum.
$50,000
Dividends.—On pref. stock 5% paid since issuance up to and
including
June 1913. On com., first div.—1%—paid June 1912. In 1913,
Mar., 1 %.
REPORT.—For year ending Dec. 31:
Gross Earns
Net after Taxes.
$1,937,308
$712,175
1911
1,890,496
700,660
Int. & Sk.Fd.
1912
-
.
$481,298
Surplus.
$230,877
464,326
236.33
Passengers carried in 1912, 48,498,486, against 46,439,655 in 1911.
ROAD.—Owns 124.74 miles of track, of which 49.19 miles Ls double
track in Memphis and suburbs.
Rails 60 to 80-lb. T to 107-lb. girder
311
nassenger
and
26
miscellaneous
cars.
OFFICERS.—Pres. & Gen. Mgr.. Thos. H. Tutwiler; V.-P.,
Wright; Sec. & Treas., W..H, Burroughs; Aud., L. Le May.—V. 88,
V. 92, p. 118; V. 94, p. 1627; V. 96, p. 863, 1022.
L. E.
564;
p.
MILLVILLE, N. J.
MILLVILLE
TRACTION—A
STOCK AND BONDS—
Stock
trolley road..
Date.
Interest.
Outstanding.
Maturity
$175,000..-
$175,000
mortgage $400,000 goldl 1894
„5 g F-A
208,000
1914
($1,000 each)-.
-_-c*jlnt. at Land Title & Trust Co., Phila., trust.
'Other debts" Dec 31 1912—
103,631
1st
-
Bonds.—Not
subject to call.
EARNINGS.—For year 1912, gross, $48,385; def. from oper., $13,494.
ROAD.—Operates 12.55 miles of track In Millvllle, Vl'neland and town¬
ship of Landls, of which 8.67 miles put In operation in 1901.
OFFICERS.—Pres., George Wood; Sec., G. H. Thomas; Treas., Daniel
C- Lewis.
'
•
"
MILTON, PA.
LEWISBURG MILTON
&
WATSONTOWN
PASS.
RY,—Trolley.
ORGANIZATION.—Chartered Sept. 3 1897.
In 1910 Whittaker &
DIehl of Harrlsburg purchased control from the Railways Company General.
Under contract with Perin. RR.. the Lewisb. Mil. & Watsont. Pass. Ry.
agreed to" electrify some 11 miles of track between Montandon and Mlfflfnburg, and to operate a line in conjunction with steam use of that section of
road, connecting with present trolley line at East Lewlsburg.
On Aug. 1
1911 began operating storage-battery cars, 1 Edison and 1 Brill car.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $150,000--.
$150,000
First mortgage $300,000 gold/ 1910 ■
5 g F-A
160,000 Feb
1 1940
($500)_
c*{lnt. at Land Title & Tr. Co., Phlla., trustee.
Bonds.—Remaining bonds can only be Issued for Improvements and ex¬
tensions at 80% of cost.
Sub. to call as a whole on any Int. date after
Feb. 1920 at par.
EARNINGS.—For
12
mos.
end.
June
30
1913,
gross,
$54,;219
net,
$18,639.
ROAD.—10 miles of track between points named In title.
OFFICERS.—Pres., John F. Whittaker; V.-P., L. G. Brown; Sec. &
Treas., D. L. Dlehl; Asst. Sec. & Treas., W. B. Rankin.—V. 90, p. 1363.
v
MESABA, MINN.
MESABA
MILWAUKEE, WIS.
ELECTRIC RAILWAY CO.
ORGANIZATION.—Incorp.
on Feb.
19 1912 In Maine as a holding
all the stock of the Mesaba Ry. 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 Hlbblng, Chlsholm, Buhl, Mountain Iron, Virginia,
company to own
Eveleth and Gilbert, a distance
is
on
of about 36 miles.
V. 94, p. 1317.
Road
private right of way except in towns, with steam road construction.
Placed in operation March 1 1913.
THE
WISCONSIN
EDISON
CO.,
INC.
ORGANIZATION.—Incorp. in N. Y. on Nov. 7 1912 to take over the
North American Co.'s holdings in Milwaukee and other Wisconsin public
utilities.
Owns or controls, through stock ownership, the following cos.:
Milwaukee Light, Heat & Trac. Co.
Milwaukee Elec. Ry. & Light Co.
Wisconsin Gas & Elec. Co.
Watertown
Gas
&
Electric
North Milwaukee Light & Power Co.
Wisconsin General Ry.
Burlington Elec. Light & Power Co.
Co.
The first
$1,000,000 Mesaba Ry. 1st 5s were underwritten on basis of
$1,000 bonds, $500 pref. and $750 com. stock (of Mesaba Elec. Ry.)
for $1,200 cash.
»
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
$1,500,000
7% n-c
500,000
Mesaba Ry 1st M $2,500,0001 1912
5 g M-S
1,000,000 Mch 1 1932
gold ($1,000) sink. fund_c*j Int. at American Tr. Co., Boston, trustee.
Common $2,500,000 ($100)
Pf $1,250,000($100)
-
.
STOCK AND BONDS—
Common, 200,000 shares (no
par value)
Pref cum $10,000,000 ($100)
Date.
Interest.
Outstanding.
Maturity.
200,000 sh.
6%
$1,000,000
1912
5 g J-D
6,000,000 Dec 1 1922
par or nominal value.
Debentures are convertible at any time between Dec. 1 1915 and Dec. 1
1920 ifito pref. stock, at par.
Int. payable at company's N. Y. office.
Conv
debentures
Common stock has
no
EARNINGS.—Of combined properties for year ending Dec. 81 1912,
?ross,
$7,733,151;
expenses,other
$3,998,480;
and taxes,
516,278;
net, $2,449,581;
income, depreciation,
$48,168; int. $768,812,
charges, $1,507,575;
surplus, $990,204.
i
Pres., Jas. D.
Mortimer; V.-P., H. H. Pierce; Sec., Jos. F. Fogarty;' Treas., Robt.
Sealy; Asst. Sec., Robt. Randall; Asst. Treas., Ferdinand Sherwood.—
V. 95, p. 1279, 1335.
(1) Milwaukee Light, Heat &
Traction
'
Co.
Co.
Owns and operates an
Milwaukee
North Mil¬
waukee, Whitefl8h Bay, Fox Point, West Allls, Waukesha.Waukesha Beach,
Oconomowoo, Watertown, St. Martins, Muskego Lakes, Mukwonago, East
Troy, Waterford, Rochester and Burlington.
The company, besides its railway system, owns and operates electric-light
and power systems in Cudahy, South Milwaukee,
Racine, Wauwatosa,
East Milwaukee, West Milwaukee, West Allis, Waukesha, East Troy, North
Milwaukee and Burlington.
1896.
extensive system of suburban and interurban lines radiating from
to Cudahy, South Milwaukee, Racine, Kenosha, Wauwatosa,
Control Purchased.—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.
Common stock, $30,000,000..
Mllw Lt H and Tr Co 1st M gf 1899
Interest.
.
...
Outstanding.
Maturity.
$10,000,000
See text.
5,000.000 May 1 1929
5 g M-N
$5,000,000 ($1,000) g.c*lInterest at Equitable
Mllw Lt H and Tr Co
Mg $30,000,000
refAextf 1907
;
5
g
Trust Co., New York.
6,189,000 June 1 1937
J-D
($1,000)..jMetropolitan Tr. Co., N. Y., and Randolph
(
Rodman, Trus.
Int. at co's N. Y. office.
These bonds may be called at 110 on any int. date.
They are guar.,
*
-
prin. and int., by endorsement, by The Milwaukee Elec. Ry. & Light Co.
V; 86, p. 1042).
Of the new ret. and ext. bonds, $2,500,000 additional can
be issued immediately, and in June 1Q08 Wisconsin State RR..Comm. auth¬
orized company to issue this amount.
This will raise outstanding amount to
$7,500,000; up to Sept. 1913 $1,189,000 of $2,500,000 had been issued.
$5,500,000 is held to retire prior liens.
These bonds may be called on any
int. day at 110 and int.
V. 84, p. 1183.
First $13,000,000 are to bear 5%
int. and remaining $17,000,000 not over 5%.
Int. payable at company's
office, 30 Broad St., New York.
Dividends.—10% per annum paid from 1904 to 1907; in 1907, 2%;
1908, 3H%: in 1909, 3)4%; In 1910, 4 1-3%.
No later information.
In
ROAD.—Total mileage, exclusive of controlled Milw. Elec. Ry. & Lt. Co.
was Dec. 31 1912 225.34 miles.
80-lb. T rail.
REPORT.-—Fiscal
years'ending Dec. 31:
Gross..
$1,237,384 ,$1,121,204 Other income.
Expenses--. J
DepreciationTaxes
•
550,626
144,504
86,617
—
Net--.
1912.
1911.
1912.
1911.
$748,894
Gross
inc
Interest-
$1,204,530 $1,227,116
665,706
666,212
-
STOCK AND BONDS.—
Com stock $1,000,000 ($100)Pref cum $1,000,000 ($100)-—
—
-;
OFFICERS.—Ch. of Bd., James Campbeil; Pres. & Gen. Mgr., J. D.
Mortimer; V.-Ps. & Asst. Gen. Mgrs., R. B. Stearns and S, B. Way; V.-P.
Treas.> Geo. R. Sheldon; Sec. & Asst. Treas., Jas. F.
Fogarty; Asst. Sec. & Asst. Treas., F. J. Boehm, Milw.; Asst. Sec., Robt.
Randall, N. Y.
Gen." office, Public" Service Bldg., Milwaukee.
N. Y.
office,-3dBroad St., N. Y. City.—V. 85, p. 160; V. 86, p. 286,1042,1529;
V. 94, p. 1627; V. 95, p. 1274.
(a) The Milwaukee Electric Railway & Light Co.
/ ORGANIZATION.—Successor of Milwaukee St. Ry. Co. Jan. 29 1896,
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 .beside
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.
$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 1911 levying a license of $1$ per car. V. 94, p. 912.
Valuation.—For physical valuation by Wisconsin RR. Comm. In July
1911 see V. 93, p. 164.
Decisions.—For six decisions handed down on Aug. 23 1912 by the Wiso.
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 insteadof 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 Wise.
Supreme Court decided that the company must
Walnut St. with asphalt, to make it the same as
the remainder of the street.
V 96, p. 203.
between its tracks
on
Date.
STOCK AND BONDS—
Common stock $20,00Q,0001
6%
Interest.
Q-M
Dividends.
See text.
Outstanding.
$9,850,000
$100).
stock
non-cum
$4,500,0001
(par $100).. (
The Mllw El Ry A Lt Co cons] 1896
mtge $8,000,000 gold...c*J/Central
Q-F
ter June 11917.
PROPERTIES.—Miles of single track, 7.87; miles of
4,500,000 July'13, 1H
F-A
6,500,000
Feb
11926
Trust Co., New York, Trustee.
>
Stock and Bonds.—The bonds and the pref. stock are listed on the N. Y.
Stock Exch.
Of the ref. and ext. bonds, $6,500,000 are reserved for prior
liens, $3,000,000 are deposited as collateral to gen. and ref. M. bonds, and
the remaining $3 >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. 11951, except that
in the event the company has not acquired a franchise extending to 1954 on
or before Dec. 11931, 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 int.
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
undor certain restrictions.
No sinking fund.
See V. 93, p. 1787.
.
REPORT.—Fiscal years ending Dec.
WISCONSIN TRACTION. LIQHT. HEAT & POWER CO.
ORGANIZATION.—This company was Incorporated at Milwaukee In
Aug. 1900 with a nominal capital of $10,000 (since Increased to $1,000,000),
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 A Power Co., and has consolidated them.
In Sept. 1904
Burchased
and guarantees
entire capital
stock ofprincipal
the Fox and
River
Valley Gas
Electric
its bonds,
.interest.
SeeAV.
79, p.Light
787,
o.
1267.;
Proposed Hydro-Electric Plant.—For statement of Pres. Beggs with re¬
gard to new hydro-electric plant on Wolf River, see V. 91, p. 1770.
STOCK AND BONDS—
Date
Interest.
Outstanding.
Maturity.
Stock, $1,000,000 ($100)_$699,400
-----First
mortgage, $3,000,000? 1901
5 g J-J
1,120.000 July 11931
($1,000) gofdnoslnk fd-c*llnt. at 1st Sav. A Tr. Co., Milw., Trustee.
Fox-River Valley first mtgej 1901
5 g A-O
850,000 April 1 1921
$350,000 ($1,000) gold
ctMerchants' Loan A Trust Co., Chic.,Trustee.
Appleton Gas Light A Fuel
6
15,000 Nov. 1 1914
Bonds.—Entire Issue of Wisconsin Traction, Light
Heat A Power Co.
bonds may be called on any Interest date at 110 and interest.
The Fox
River Valley bonds are subject to call at 105 and interest.
—
EARNINGS.—For years ending Dec. 31:
Gross.
Net (aft. taxes.) Other Inc.
Interest.
Year—
1912:.—.$359,382
1911 -i —i—- 356,203
$139,134
129,302
.
.
$8,822
$74,400
8,502
74,400
Gross$5,682,356 $5,134,111
2,669,383
Expenses.
2,985,770
604,643
Depreciation.
545,525
Other income.
Taxes
Interest.....
398,766
361,841
Gross
$61,189
1911.
$126,818
inc..$1,813,484
$1,625,062
715,206
617,501
Net
--$1,752,295 $1,498,244
Surplus—.$1,098,278 $1,007,561
Passengers carried in 1912, 97,037,976, against 92,860,945 in 1911.
Dividend.—Regular quarterly dividends of 1
% have been paid on the
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.
OFFICERS.—Same as for Milw. Lt., Ht. & Trac. Co., except that O. N.
Duffy is V.-P. and Comp. in place of V.-P. Chas. F. Pfister.
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.
Wisconsin
Gas
&
Electric Co.
ORGANIZATION.—Succeeded in 1912 the Racine Gas Light Co/ (in1867) and acquired the Kenosha Gas & Electric Co. and Ke¬
nosha Electric Ry.
Does entire gas business in Racine and Kenosha and
the entire electric-lighting, power and street railway business in .the latter
ci ty,
Elec. light and power business in Kenosha is done under indeter¬
corp. in Feb.
Surplus.
$73,556
63,404
ROAD.—Operates 15 miles of track, connecting Neenah, Menasba, Appleton and Kaukana, and 5 miles locally In the city or Appleton; total, 20 miles.
Owns electric-lighting plants In Appleton, Neenah ana Menasha and supplies
gas to
Neenah, Menasna and Appleton;
V. P., Chas. F
Pfister, Milwaukee
Sec. and Treas., A. K. Ellis.—V. 79. p. 787. 1267; V. 91. p. 96. 1770.
MINNEAPOLIS, MINN.
TWIN CITY RAPID
TRANSIT.—An electric road.
ORGANIZATION.—Organized under the laws of the State of New Jersey
ownership of the underlying com¬
panies (to wit, The Minneapolis Street Railway Co., The St. Paul City Rail¬
way Co., the Minneapolis Lyndale A Mlnnetonka Railway Co. and the
Minneapolis A St. Paul Suburban) oontrols the entire street railway system
of Minneapolis, St. Paul, Stillwater, and lines to Excelsior, Tonka Bay and
Deephaven at Lake Mlnnetonka.
In 1906 absorbed the North Side Street
Ry. (Robblnsdale line) and the St. Louis Park line; V. 83, p. 1472.
In
1905 articles of Incorporation were amended so as to make the charter
perpetual.
V. 80, p. 1914.
f
.
June 3 1891 and by virtue of its stock
Franchise and Fares.—Mayor Haynes
ordinance requiring street railways to
of Minneapolis on Feb.18 1907 signed
sell six fares for 25 cents. V. 84, p.
On Aug. 24 1907, however. Judge Lochren of the U. S. Circuit
Court granted a'permanent Injunction against enforcing the ordinance (see
V. 85, p. 532).
On Jan. 3 1910 U. S. Supreme Court affirmed the decision
451, 509.
of Judge Lochren.
This decision sustains the company's claim to a 50-yeftr
franchise from July 1 1873,with the right to charge 5-cent fares. V.90,p.lll.
■Settlement with City of St. Paul.—For decision as to right to build new
lines in St. Paul, see V. 79, p. 271, 2087, and for settlement with City of St
Paul by which the city relinquishes Its right of appeal from this decision and
the company agrees to pay Into the city treasury a gross
see V. 80, p. 1175.
earnings tax: of 6 %,
21 1911 Judge Willard in U. S. Dlst. Court at
Minneapolis denied the application (V. 92, p. 1637) to restrain the enforce¬
ment of an ordinance directing the construction of 9 H miles of extensions .
Decisions.—On April
New Subsidiaries.—Because of a decision of the Supreme Court holding
amenable to the Minnesota 4% gross
earnings tax, lt was "decided In Mch. 1910 to Incorporate the Minneapolis
A St. Paul Suburban RR. ($1,000,000 stock, Increased to $3,000,000 In
Jan. 1911;
debt limit was also increased to $10,000,000;
V. 92, p. 187),
the Mlnnetonka A White Bear Navigation Co. ($250,000 stock) and the
Rapid Transit Real Estate Corp., $15,000 stock, and to rearrange matters
so that the suburban lines, the steamer lines and the hotels, parks, Ac., of
that suburban lines, as railways, are
company
purposes.
might be handled separately for taxation and accounting
D. 850.
V. 90.
STOCK AND BONDS—
Date.
interest.
Outstanding.
Twin City Rapid Transit—
'
Com $22,000,000 ($100)
Pref cum $3,000,000 ($100)
1895
Minneapolis Street Railwau Co.—
Second mtge gold.
c'Ar 1883
FlrBt cons M g $5,000,000 c* 1889
St Paul CitV Railway Co.—
First mtge on real esiate A/ 1882
horse-car franchise——_1
First consol mtge gold
Cable cons gold (see text)
—
5 Q-J
7 Q-J
6 g \I-N
5 g J-J 15
6 g A-O
Maturity.
"
$20,100,000 Oct *13, IK
3,000,000 Oct '.13,1%
595.000 Nov. 1 1913
4,213,000 Jan.15 1919
,
224,000' April 1 1932
Exchangeable at 105 for first consolidated.
1884
6 g A-O
456,000 Oct. 1 1934
1887
5 g J-J 15
3,708.000 Jan. 15 1987
Minneapolis A St. Paul Suburban Ry.—
1st M g $500,000, guar by/
Tw Cy R T A St P Cy-c*[
1899
5 g M-S
, 500,000
Sept. 1 1924
Interest at Central Trust Co., N. Y., Trustee.
Minn St. A St. Paul City Ry.—
Joint consol mtge $10,000,-/ 1903
5 g A-O
9,807,000 Oct. 11928
000($1.000)gu d A I—c*iCentral Trust Co. of New York. Trustee.
All bonds are for $1,000 each, and, with the exception of the
A St. Paul Suburban
Minneapolis
Ry. and the joint issue of 19031 Interest is payable
Stock.—In May 1902 stockholders were given at par $1,501,000
31:
1912.
1911.
1912.
mains, 121;
OFFICERS.—Pres:, J. D. Mortimer; V.-P., Clarke M. Rosecrahte1
Sec.-Treas., F. J. Boehm.—V. 95, p. 986, 1124, 1275; V. 96, p. 424.
at Farmers' Loan A Trust Co.. New York.
'ROAD.—Total track, 143.86 miles—all trolley.
ANNUAL
gas
capacity of electric plant, 2,200 n, p.
the
5 g
Interest payable at company's office, 30 Broad St., N.' Y.
The Mil El Ry A Lt Co ref AV 1906
4X g J-J
6,728,000 Jan
1 1931
ext mtge $20,000,000 goldlTrust Company
of America, New York,
($1,000).
u
c*j
Trustee.
Interest ait company's office.
Gen & ref mtge $90,000,000]
1911
5 J-D
4.498.000 See text
gold ($1,000) Ser "A"---C»/Int. in N.Y. Bankers'Tr.Co., N.Y., trustee.
(b)
—
6%
EARNINGS.—For year ending Dec. 311912, gross, $683,967; net, after
taxes, Ac., $200,917; other income, $4,749; interest, Ac., $105,973; sur¬
plus, $99,693.
In 1911, gross, $584,955; net, after taxes, A6., $181,150;
other income, $4,930; inoerest, $102,218; surplus, $83,862,
an
,The railway franchises of the company run until Dec. 31 1934.
V. 70,
p. 39. ' Electric light and power franchises are unlimited In time.
License Decisions.—On Dep. 5 1911 Wiso. Supreme Court affirmed the
decision of the lower Court holding that the city is not entitled to recover
Preferred
...
5 g J-D
payable In New York.
Harris Tr.
( & Savings Bank, Chicago, trustee.
Bonds.—Additional 1st M. bonds can be issued only for 80% of cash cost
of permanent impts., &c., when the annual.net earnings are
times the
int. charge, incl. bonds to bel ssued
Bonds red. at 105 and int. on and al¬
Chas. F. Pfister;
(par
'
—-
Outstanding..
daturity.
$1,000,000
200,000
2,000,000 June 1 1952
OFFICERS.—Pres.. John I. Beggs;
$455,636
$453,929.
Surplus
$538,824
$560,904
Passengers carried in; 1912, 10,998,492, against 10,409,995 in 1611.
pave
Interest.
First mortgage gold ($1,000 f 1912
& $500)-.
—
c*jInterest
$773,187
,476,671
112,120
78,484
pany
^
The capital stock is practically all owned by the Wisconsin Edison
ORGANIZATION,—Incorporated Deo.
Franchise for street railway extends until 1952.
The com¬
has the right to conduct its gas business either under an indeterminate
permit or under the special (perpetual and exclusive) franchises originally
granted.
)
.
'
minate permit.
.
OFFICERS.—Chman. of Bd. of Dir., James Campbell;
gu
[Vol. xcvii.
ELECTRIC RAILWAYS
76
additional
Stock (V. 74, p. 1039), In June 1905 $1,000,000 at par (see V. 80. p. 2400),
and in June 1906 $2,100,000 at par (see V. 82, p. 1269).
This last makes
outstanding stock $20,100,000.
Bonds.—The Minneapolis
Street
Railway Co. jointly and severally with
the Minneapolis Lyndale A
Mlnnetonka Railway Co., issued $5,000,000 5 %
30-year first mortgage and first consolidated mortgage gold bonds, of which
$595,000 are held in trust by the Farmers' Loan A Trust Company to
redeem the $595,000
prior lien bonds.
See statement to New York Stock
Exchange in June 1895.
The consols are also listed in Loudon. V.60,p.ll49.
The St. Paul City Railway Co. has issued $4,388,000 5 % 50-year cable con¬
solidated bonds (Including $680,000 held by the Fanners' Loan A Trust Co.,
trustee, to redeem the $680,000 prior lien bonds above): limit fixed by this
mtge. was $5,500,000, but by the joint cons. mtge. of 1903 no further un¬
derlying bonds can be put out.
V. 77, p. 2281.
Part of these cable
consols ($1,138,000) are guar. (p. A i.) by end. of Twin City Rapid Transit
Co.
See statement to N. Y. Stk. Exch. In June 1895.
V. 60, p. 1150.
Of
the 1st cons. mtge. of the St. Paul City, $224,000 are held by the Farmers'
Loan A Tr. Co. to be exchanged for the $224,000 first mtge. bonds.
The Minneapolis street Ry. A St. Paul City Ry. consolidated mortgage of
1903 is a Joint issue of the Minneapolis Street Ry.and the St. Paul City Ry.;
remaining bonds are reserved for new construction, additions and improve¬
ments at 90% of oost.
Guar. p. A 1., by endorsement. byTwin City Rapid
Transit Co. (see V. 77, p. 2281 and 2340).
Sept.,
1
Dividends.—All
dividends
prefeired
on
to
Oct.
Including
and
1913
(1H%) have been paid.
First dividend of 1 % was paid on the common
stock In Aug. 1899;
In 1900. 3%; In 1901, 3.4%; In 1902, Feb., 2%;
changed to quarterly and 1 H % paid May 1902; Aug.,'l H %; Nov., 1 H %
1903 to 1909, incl., 5% per ann.; 1910 to 1912, 6%; In 1913, Jan.,
1H%;
lj/%;
July,
April. 1^%;
77
ELECTRIC RAILWAYS
1913.J
'
Oct., 14%.
'
EARNINGS.—Of combined properties for cal. year 1911, gross, $379,405;
after taxes
$107,851; Int., $60,000; sur., $47,851.
In 1910, gross,
$323,432; net, after taxes, $85,720.
ROAD.—Operates 38 miles track (of which 4 miles are double track) in
Montgomery and to Pickett Springs; 56 cars.
Standard gauge; 70-lb T
and 95-lb. girder rail.
Power house capacity, 4,000 k.w.
OFFICERS.—Pres., Richard Tillis; Sec., H. F. Crenshaw; Gen. Mgr.,
ti. D. Mathes.—V. 88, p. 375; V. 91, p. 1026; V. 94, p. 207,1764; V. 95,p.47
net
,
ROAD.—Consists of 401.92 miles of track, Including four Interurban lines
connecting the business centres of Minneapolis and St. Paul, an Interurban
line of 22 miles connecting St. Paul and Stillwater, and lines to Lake Minne-
''
MONTOURSVILLE, PA.
Standard gauge.
tonka.
On the principal streets of the cities 90-lb. T rail with welded
Imbedded In concrete was used.
Power.—'The company leases water-power at St. Anthony's
Joints and
MONTOURSVILLE
PASSENGER
RAILWAY.—A trolley road.
ORGANIZATION.—Chartered in
Falls (ca¬
menced
pacity 22,000 h.-p.), which power Is now used In conjunction with power
generated at new steam power plant to run the entire railway system In
Both cities.
See V. 64, p. 704.
.
operations Dec. 16 1897.
Pennsylvania June
28
Com¬
1897.
Owns all the stock of the Montoursville
Electric Light Co.
Stock authorized and issued, $75,000.
Funded debt
auth. and issued, $112,000 5% 30-year gold bonds dated May 1 1908; int.
.
■;
Revenue
passengers
Transfer
passengers
carried
carried
Receipts from transportation
Receipts from other sources
Operates 5 H m. of track from Williamsport to Montoursville. Pa.
(incl. Mont. Elec. Lt. Co.),
$32,580; exps., taxes, int., Acc., $27,678; surplus, $4,902.
OFFICERS.—Pres., C. L. Peaslee, Williamsport; V.-P., F. C. Leonard,
Coudersport; Sec. Ac Treas., W. P. Beeber, Williamsport; Gen. Mgr.,
Frank Renninger, Montoursville.
,
M. Ac N.
Report for 1912 was
the entire property as follows:
1912.
1911.
1910.
162,407,993 154,380,730 146,980,553
57,584,451
51,844,378
48,813,577
$8,147,199
$7,749,158
$7,481,696
' 61,768
62,035
49,953
ANNUAL REPORT.—Fiscal year ends Dec. 31.
In V, 96, p. 859, showing results on
EARNINGS.—12 mos. end. June 30 1913
gross,
.
MORRISTOWN, N. JJ
$8,208,967
$7,811,193
$7,531,649
$4,198,001
$3,906,716
$3,667,702
$4,010,966
$1,529,230
210,000
1,206,000
$3,904,477
$1,486,129
210,000
1,206,000
$3,863,947
$1,466,394
210,000
1,206,000
$2,945,230
$2,902,129
*$1,065,736 *$1,002,348
$2,882,394
i
Total receipts
Operating expenses
earnings..
Net
—
Interest and taxes.
Dividends
Dividends
on
on
preferred stock (7%)._
common stock
(6%)
Total
Balance,
surplus
*$981,553
appropriated from this amount for renewal fund,
against $750,000 in 1911 and $736,000 in 1910.
*
In 1912, $775,000 was
OFFICERS.—Pres., Calvin G. Goodrich; 1st V.-P., Horace Lowry;
2d V.-P., John R. Mitchell; V.-P. & Sec., A. M. Robertson; Aud., D. J.
Strouse; Treas., E. A. Crosby.—V. 92, p. 190, 324, 793, 1637; V, 94, p.
845, 352; V. 96, p. 361, 859.
'
___
MINNEAPOLIS ST. PAUL ROCH. & DUBUQUE ELEC. TRAC. CO.—
Commonly known as "Dan Patch Elec. Line.
- Operates a unit power
oar system.
.
,
•
...
ORGANIZATION.—Incorp. on June 10 1907 in Maine to construct a
Minneapolis and St. Paul., Minn., and Du¬
MORRIS COUNTY TRACTION—An electric road.
ORGANIZATION.—Incorporated In New Jersey In 1899.
Charter
gives company right of eminent domain.-. Built mostly on private right of
way.
Franchises through towns are perpetual or for 35 years.
On Feb. 21 1913 the N. J. Pub. Utility Comm. approved the plan to Issue
$300,000 cap. stock to retire the $3,000,000 existing stock (one new share
for ten old), and $4479,000 bonds of an auth. $5,000,000, to be secured by
a mtge. to the Safe
Dep. Ac Tr. Co. of Pittsburgh, as trustee; $3,000,000 for
refunding existing bonds and $1,179,000 for other indebtedness. V. 95, p.
1746, 680; V. 96, p. 653.
STOCK AND BONDS—
Stock, common (see text)
First
mortgage,
~
Gen mtge $5,000,000
gold
Interest.
Date.
Outstanding.
Maturity.
$293,830
'
1948
($1,000)1 1913
5 g J-D
1,179,000
*
c*/Int. at Safe Dep. Ac Tr. Co., Pittsb., ^Trustee
Bonds.—Of the gen. mtge. bds.,
$3,000,000 are reserved to retire the
1st M. 5s.
No sk. fd.
May be called at 105.
EARNINGS.—For calendar year 1912, gross, $257,547; net, $53,023.
ROAD.—Is to build 75 miles of road from Elizabeth, N. J., to Netcong,
a branch from Denvllle to Boon ton and other branches.
Road is in
line 300 miles long connecting
with
buque, Iowa.
37.34 miles of road between Minneapolis and Northfleld,
Minn., has been completed and put in operation. It was expected to add 35
miles in 1913.
Entire line on private right of way., Temporarily connects
at Minneapolis with Twin City Rapid Transit Co. at a private terminal
owned by the Traction Co.
Has secured private right of way to centre of
Minneapolis retail and wholesale district and expects to operate its cars
to
its
downtown
station in
1913.
Auth. com. stock, $15,000,000;
operation from Morristown to Lake Hopatcong, 21 ^ miles, with branches
to Boonton, 5 miles, and to Wharton, 2 M miles; also from Elizabeth to
Springfield, 6 miles, and from Maplewood to Springfield. 2 M miles, and
thence 8 M miles to end of track at Danforth Road (1 % miles beyond Madi¬
son), total 46.95 miles of road. Total track in operation, 58 miles.
From
Danforth Road to Morristown there is a gap of about 3 miles.
Gauge,
4 ft. 8H in.
70-lb. T rail In country, 80-lb. girder in cities.
OFFICERS.—Pres., Henry R. Rea, Pittsburgh, Pa.; V.-P., Jos. K.
Choate, Morristown; Sec. Ac Treas., O. G. Schultz, Morristown; Gen. Mgr.,
C. O. Weidman.—V. 95, p. 680, 1608, 1746; V. 96, p. 63, 653; V.97, p. 521.
pref.,
$10,000,000 (6% non-cum.,;red. after 1913).
Issued, $4,012,900
$2,415,700 pref. stock.
There is no bonded debt.
Pres. &
M. H. Boutelle.—V. 92, p. 1109; V. 93, p. 731.
and
com.
Treas., M. W. Savage; Sec.,
'
'
MOBILE, ALA.
MOUNT HOLLY,
.
MOBILE LIGHT & RAILROAD —TroUey.
■i
ORGANIZATION.—A consolidation on Sept. 1 1901 cf the Mobile Light
A Railroad and the Mobile Street RR.; the franchises of both companies
were extended on Sept. 12 1901 to March 12 1955.
See V. 73. p. 616
In July 1906 the Mobile Elec. Co. purchased the electrio-llght plant jof
the company and under contract of purchase pays to the Mobile Lt. & RR.
•eventy semi-annual payments of $11,464.
STOCK AND BONDS—
Date.
Interest.
Stock. $2,250,000 (pai $100)—
First mortgage gold
($1,000) ./
1897
lint,
Mobile Street RR
first mtgef
at
1893
5 g JiD
Farmers
Maturity
$2,250 000 Sept.'13,2%
400,000 July 1 1937
Outstanding.
Loan
6 g M-N
As Trust Co.,
270,000
May
N. Y.
MUSKEGON, MIOH.
1 1923
c*( Farmers' Loan & Trust Co., N. Y., Trustee.
gold, $350.000
I Interest at National City Bank, New York.
Consolidated mortgage, gold/ 1901
5 g M-S
1,416,000 Sept. 1 1941
($1,000) $2.250.00C
.
_c*l Interest at New York Trusc Co., N. Y , Trus.
Bonds.—Of the $2,250,000 mtge., $670,000 reserved for prior liens,
$104,000 are in treasury of company, $30,000 have been retired by sinking
fund and $30,000 have been canceled.'
EARNINGS.—For cal. year 1912, gross, $609,559; net, after taxes
muskegon traction & lighting co
In Jan. 1906 almost the entire stock was acquired by the Amerloan Light
As Traction Co.
V. 82, p. 49.
*
$224,823.
1 1909; In 1910, July. H%;
H%; June, M%\ Sept., 2M%1 in 1912, June, 1H%: in
1913, Sept., 2%.'
•
'
'■«
ROAD, Ago.—Owns 58.19 miles of track In Mobile and extensions to Magatlne Point, Spring Hill, Whistler and Monroe Park.
Company also owns
"Monroe Park" and water power and 320 acres of land.
OFFICERS.—Pres.; J. H. Wilson; V.-P., J.W. Whiting: Sec. and Aua
If. W. Glover; Treas., C. Whit* Spunner.—86, p. 1529.
-
Dividends.—Initial dividend—M%—Aug.
in 1911, Jan.,
MONMOUTH, ILL.
;
rock island southern railway.—An electric
.
and steam road.
ORGANIZATION.—Incorporated In Illinois under the steam railroad
law on April 25 1905.
Has private right of way between cities and through
Monmouth. V. 89, p. 1668.
STOCK AND BONDS.—
Date.
Interest.
Outstanding.
Maturity.
Stock, $2.500,000
$2,500,000
First mortgage, $2,500,000, f 1908
5 g J-J
2,282.000 Jan 11947
gold ($100, $500 As $1,000)(Interest
at Central Trust Co., Chicago,
I
Trustee, and through Old Col. Tr.Co.,Bos.
Bonds.—Additional bonds may be issued for betterments and Improve¬
ments. Bonds are subject to call after Sept. 10 1913 at 105 and interest.
See V. 84, p. 104: V. 89, p. 1660; V. 95, p. 545.
'
ROAD.—Runs north from Monmouth
to a connection with the Chlo.
Rock Island & Pao. Ry. at; Monmouth Junction, 31 miles, and thence op¬
erating Into city of Rock Island, a distance of 22 miles, by lease over the
Chic. R. I. & Pac. Ry., which has been electrified.
Also 7 miles from
Gilchrist June, to Aledo and 6 miles from Alexis Jet. to Alexis.
Total
miles of single track operated, 72.29.
Has connections for Davenport,
la., Moline and Galesburg, 111.
10 pass., 243 freight, 2 express and freight
and 7 work cars; 7 steam locomotives.
„
EARNINGS.—For cal.
year
1912
(Dec. partly estimated), gross,
$262,273; net, $85,237.
•
' " '
OFFICERS.—Pres.; E. C. Walsh; V.-P., M. A. Walsh; Sec., J. W. Walsh;
Treas., C. H. Walsh; Gen. Mgr., W. W. McCulloUgh.— V. 89, p. 1668.
_
"
MONTGOMERY, ALA.
montgomery light & trac. co.—A trolley road.
chartered in 1893.
owned by Richard
Trac. Co. to above title (V. 94,
ORGANIZATION, ETC.—Montgomery Trac. Co. was
On Dec. 29 1911, having acquired the lighting property
Tlllls, name was changed from Montgomery
p.207), and in June 1912 stock was increased from $1,000,000 to $2,000,000,
to pay for new property. V. 94, p. 1764. Stock had previously been de¬
creased from $2,000,000 to $1,000,000 In 1909. V. 88, p. 375.
Does entire street railway business and has an electric light and power
system in Montgomery and its suburbs. Street railway franchises that are
not perpetual, expire between 1932 and 1942.
Electric light and power
franchise runs till 1940.
Outstanding.
Maturity I
Date.
Interest.
STOCK AND BONDS—
$2,000,000
Stock, $2,000,000 ($100)
See text
April 1 1942
5%
1st As ref M, $5,000,000, sk fd_ 1912
6 g A-0
650,000 April 1 1914
Secured notes, $650,000, gold/ 1912
ity Tr. Co.^N. Y., Trustee.
($1,000); red at 101Aslnt_c*l Int. at Guaranty
1893
6 g F-A' .
'350,000
1923
Mont
Streets Ry. 1st mtge
•
.
.
$350,000, gold
\Int. at Farmers' L. &.T. Co., N. Y., Trustee,
Bonds.—Of the 1st As ref. bonds, the entire amt. out., $1,000,000, is de-
Sosited
under
the secured
notes and
no additional
bonds
may be
uring life
of notes.
Of remaining
bonds,
$350,000 are
reserved
forissued
prior
add'ns As betterm'ts at 80% of cost, or for acquisi¬
$ for $, of bonds of other properties which may be acquired.
lien and $3,650,000 for
tion or refund.,
Sink. fd. equal to 1%
1915.
V. 95, p.47.
N. J
BURLINGTON COUNTY TRANSIT CO.—Trolley
ORGANIZATION.—Incorporated in New Jersey on July 1 1910, aa
successor to the Burlington County Ry. Co.
V. 90, p. 1612.
Stock auth
and
issued.
$120,000 ($50).
No bonds.
EARNINGS.—For calendar year 1912, gross, $67,166; net, $4,891.
In
1911, gross, $64,108; net, $6,507.
In 1910, gross, $59,317; net, $4,781.
ROAD.—About 15 miles of track from Burlington, through Mt. Holly
and Halnesport, to Moorestown. 60-lb. T rail.
Gauge, 5 ft.
OFFICERS.—Pres., I. Snowden Haines; V.-p., Albert Haines; Sec. As
Treas., Armitt H. Coate; Mgr., John M. Smith.
of all bonds authenticated annually beginning Apr.
1
a
ORGANIZATION.—Incorporated In Michigan on March 1 1901, and la
consolidation of the street railway, electrio-llght and gas companies of the
Franchises expire: gas, 1925; (electric, 1930; railway, indeterminate.
city lighting.
V. 93, p. 1387.
Date.
Interest.
Outstanding.
Maturity
Stock $600,000 ($100)
......
$600,000
Preferred $100,000 6% cuni-_
6
63,000
See text
First mortgage $600,000 gold f 1901
5 g M-S
600,000 Mch 1 1931
($1,000)
(Interest at Wyoming Valley Trust Co.,
Callable at 105
1
Wllkes-Barre, P§.. Trustee.
Dividends.—On pref. stock 6% yearly from 1902 to date.
ROAD.—Owns 15 miles of road and serves as a terminal for the Grand
city.
Does not now do
STOCK AND BONDS—
-
...
...
Rapids Grand Haven As Muskegon Ry., which operates 40 miles of track
Indicated In the title.
OFFICERS.—Pres., F. A. Nims; V.-P., J. T. Young; Sec. and Treas..
H. P Lewis, Muskegon; Asst. Sec. Ac Asst. Treas., C. N.Jeliffe; Aud., H. P
Lewis.—V. 92, p. 595; V. 91, p. 1387; V. 96, p. 1840.
between points
MUSKOGEE,
OKLA.
j
muskogee electric traction co.—A trolley road.
ORGANIZATION.—Incorporated in 1904 In Indian Territory.
In Oct.
1912 acquired the People's Electric Ry., which Was merged with this prop¬
erty, and issued $600,000 new 1st M.. bonds to refund an earlier isaue of
$450,000 and in part payment for the People's Elec. Ry.
$200,000 addi¬
tional bonds will be issued in final payment when annual net earns, are twice
the int. charges on bonds out, incl. these $200,000.
Franchises are unlim¬
ited
as
to time.
'
Right of Purchase by City.—The city has the right to purchase all the comtny's property within city limits in 1934 and
pany's
anc at the end of every 15-year
period thereafter, at a
a price determinable by
bj arbitration, but in case of
such purchase the bonds must be either paid off or assumed by the city.
and in the latter event the company must be allowed to operate its cars
from suburban or interurban points to the centre of the city on a rental
basis.
See V. 95, p. 1331.
Has favorable long-time power contract with the Muskogee Gas Ac El. Go.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
,Maturity.
Stock $500,000 ($100).
$500,000
See text.
1st mtge, $5,000,000, sk fd, 1
1912
5 g M-N
600,000 Mayl 1934
gold ($1,000)
„.c*/lnt. at Equitable Tr. Co., N. Y.. Trustee.
Remaining bonds may be Issued for additions and betterments at 80%
of cost, with certain restrictions
SubJ. to call as a whole, or in part, at
105 and int. on any int. day on 3 weeks' notice.
Semi-annual sink, fund
beginning Jan. 1 1914 of H of 1 % of all bonds outstandings V. 95, p. 1331,
Dividends.—1908, 5%; 1909, 6%; 1910 to 1912 Incl., 8%.
EARNINGS.—For year end. Dec. 311912, gross, $163,329; net, $73,251;
charges and taxes, $26,930; dividends (8%), $23,344; surplus, $22,977.
ROAD.—Operates city lines, 16.13 miles, and interurban and suburban,
15.13; total, 31.26.
Standard gauge, 70 and 60-lb. T rail. .. 47 pass, cars
(of which 34 pre-payment); 2 misc. cars and 1 elec. locomotive.
Also owns
an amusement park on Arkansas River about 5 miles from Muskogee.
OFFICERS.—Pres. and Gen. Mgr., Willis E. Fertig; V.-P.; R. D. Ben¬
son;
Sec. Ac Treas., W. M. Cutlip; Local Mgr., R.
D. Long.—V.95,p.1331*
NASHVILLE, TENN.
TENNESSEE RAILWAY,
LIGHT & POWER CO.;
,
ORGANIZATION.—Incorp. in Maine on April 23 1912.\ V. 94, p. 1120r
Is a holding company and owns all the stock of Tennessee Power Co.,
a
large majority of the Nashville Ry. Ac Lt. Co. com; and Ohatt. Ry. Ac Light
Co. com. and pref., and all the stock of the Cleveland Electric Light Co.?
also smaller electric companies.
••
•
' ' • ? •••»'.
Bankers offered Tennessee Power Co. bonds and Tennessee Ry., Lt. A
Power com. and pref. stocks in April 1912 on basis of $1,450 for each block
of $1,000 bond and $500 pref. and $1,000 com. stocks.
V. 94, p. 1120.
STOCK AUTHORIZED—
Outstanding.
Last DU.
Common $20,000,000 ($100)
$20,000,000
J
Pref $50,000,000 ($100) 6% cum. (see text)
10,250,000 Sept. *15,1 #
.
78
ELECTRIC RAILWAYS
STOCK.—Pref. stock Is entitled to
cum. dlvs. from June 1 1912, except
divs. till after Dec. 1 1912.
V. 94, p. 1120.
pref., paid Sept. 1912, 1M%; same amount
quarterly since to and incl. Sept. 1913.
[Vol.
xcvii.
power
Bonds.—Remaining bonds are reserved for extensions, acquisitions and
Improvements.
Bonds are guar. p. A I. by Tenn. Ry., Light A Power Co.
They are additionally secured by deposit of entire stocks of Chatt. Ry. A Lt.
Sk. fd. 1% per ann. of bonds out.
begins May 1 1917; to be used for extraor¬
dinary renewals, replacements or additions, enlargements and extens.; also
for cancellation of bonds.
Red. iniwhole or in part at 107 V4 and Int.
several
See V. 95, p. 549.
$3,500,000, which received
Dividends.—Initial div.
no
on
PROPERTY, &c.—The constituent cos. own and operate electric-light,
and traction properties in Nashville, Chattanooga, Cleveland and
Smaller cities.
A number of other cities, including Knoxville,
Tenn., and Rome, Ga., are under contract for electric service.
Later it is
proposed to extend transmission lines to Louisville, Ky., Cincinnati and
other Ohio River cities.
OFFICERS.—Pres., Henry M. Byllesby; V.-Ps., E. W. Clark, G. E.
Hardy and F. C. Wolcott; Sec., Robert Graf; Treas., J. J. O'Brien.
Under
management of E. W, Clark & Co. and H. M. Byllesby & Co.—Y. 94, p.
1120, 1187, 1696; V. 95, p. 481, 549.
PROPERTY, &c.—Owns (1) transmission lines (on private rIght-of-Way)
aggregating 420 miles and extending to Chattanooga, Knoxville, Nashville
and Cleveland, Tenn., as well as to the
Georgia State line, where connec¬
tion is made with the Ga. Power Co,.,
serving Rome, Ga.
(2) Water powers:
Present installed capacity, 27,000 h.
p.; and an additional 21,600 is to be
completed by Oct. 1913; undeveloped, capable of an Installed 111,400 h. p.;
grand total, 160,000 h. p.
See under Tenn. Ry., Lt. & Power Co. in V. 94,
1120, for description of property.—V. 94, p. 1321; V. 95, p. 549.
p.
(1)
Nashville Railway & Light Co.—Street railway and lighting system.
ORGANIZATION.—Incorporated In Tennessee on June 26 1903.
Is a
reorganization ol the Nashville Railway Co., sold under foreclosure of the
latter's 1st consol. mtge.
The Nashville Ry. was a consolidation In 1900
of the Nashville Street Railway, the Nashville A Suburban and the Citi¬
zens'
Rapid Transit, the Cumberland
Electric Light & Power
and the
Union Light A Power Co.
Owns and operates all the street railways and
entire commercial electrlo-llghtlng business in Nashville.
Franchise*
19
does
perpetual.
Cafe.
Interest.
5% cum $2,500,000.
licG AMtY Horse RR 1st M_
2d series
Outstanding.
$4,000,000
Q-J
Q-J
Pref
1888
8
j-J
1887
6
J-J
1886
6
J-J
1890
6
J-J
Maturity.
See text
2,500,000 July'13.1H
85,000 July 1 1926
485,000 July 1 1937
99,000 Jan
11917
274,000 Jan
11920
Nashville St Ry 1st mortgage) 1895
5 g J-J
907,000 Jan
1 1925
$2,000,000 gold ($1,000).. jInt. on above 5 Issues payable In New York
Nash Ry A Lt consol mtgel
1903
5 g J-J
4,054,000 July 1 1953
$6,000,000
gold
($1,000) /Interest at Guaranty Trust Co.,N. Y., Trus.
sinking fund
c»J
1
Nash Ry A Ltref A ext mtgef 1908
5 g J-J
8,010,000 July 1 1958
$15,000,000 ($500, $l,000)(lnt. at Guaranty Tr. Co., N. Y., Trustee,
gold
c* I
or at Nashville Trust Co.. Nashville.
Nashville A Edgefield 1st mtge
Consol mtge $400,000
Bonis.—The Nashv. Ry. A Lt. consols of 1903 are subject to call on
Interest date on 60 days' notice at 107 H.
No more can be Issued
except $56,000 now In treasury.
Sinkino fund $30,000 per annum, com¬
mences July 1 1913,but only If company has a surplus above charges and
dividend on pref. stock; bonds to be kept alive in sinking fund.
Of the
new
ref. and ext. bonds,
$5,940,000 are reserved for prior Hens and
$6,050,000 may be issued at rate of $1,000 for each $1,250 expended for fu¬
ture impts. and equip., not over $700,000 to be issued in any calendar year,
and subject to certain other conditions.
Bonds cannot be called.
Sinking
fund of H of 1 % of outstanding bonds starts Nov. 1 1918, bonds In sinking
fund being kept alive.
See particulars of bonds, property, Ac., In V. 87,
p
227.
Dividends.—The first dividend on pref. stock—2M%—was paid Jan. 1
1905 and 2H% each six months since to and Including July 1910.
In Oct.
1910 ohanged to quar. and paid 1
%, and same amount quar. slnoe to and
lnol. July 1913.
First dlv. on com.—1%—was paid July 1 1909.
In 1910,
3%.
In 1911, Jan., «%; April, M%\ July, 1%; Oct., 1%.
In 1912,
Jan., 1%; May, 11%, special; July,l%; Sept.,lM%-, Nov.,2%. In 1913,
Feb., 1K %, special.
any
REPORT.—Years ending Dec. 31:
Gross.
Net aft.Tax.
Int.
1912
_$ 2,074,990
1,963,784
$886,047
838,449
$434,812
Pref.Div.
$125,000
404,582
Deprec.
Surplus.
$61,897
$264,338
249,885
125,000
58,982
ROAD.—Operates 81 miles of track.
Has been changed from broad to
standard gauge.
70 to 100-lb. T and girder rails.
225 passenger cars.
OFFICERS.—Pres. and Mgr., Percy Warner;
V.-P., J. C. Bradford;
Sec.
A Treas., H.
V. 92, p. 262,
C. Walters.—V. 90, p. 503, 698, 1677; V. 91, p. 791;
1370.1701; V. 94, p. 351, 768, 827, 1317, 1449; V. 95, p. 1608;
V. 96, p. 420, 863.
(2)
STOCK AND BONDS—
Date.
Interest.
Common $3,000 000 ($100)
Pref $2,000,000 5% cum($100)
First and refunding mortgage\
1909
Outstanding.
$3,000,000
Q-J
2,000,000
5 g M-N
2,214,000
Maturity
See text
.
See text
May 1 1956
$15,000,000 g ($1,000)--c*jFidelity Trust Co., Philadelphia, Trustee.
Chatt Rys 1st cons mtge,.seel
1906
5 g M-N
2,165,000 May 1 1956
text ($500&$1,000) g.c*.__/Int. at Comm. Tr.Co. of Phiia.,
Phila., Trust.
Chatt Elec Ry 1st M $625,0001
1898
5 g J-J
625,000 Jan
1 1919
gnotsubj to call ($l,Q00)c*Jlnt. at Maryland Trust Co., Bait., Trustee.
Stock.—Pref. shares
equally with
com.
after
com.
has received
5%.
$3,000,000
Chattanooga Rys. mtge. has been closed at
$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 A ref. bonds, $2,790,prior liens and $9,772,000 for extens., bett'ts and
impts. at 85% of cost.
$224,000 bonds in treas.
No sink, fd.; bonds are
subj. to call at 105 and int. on any int. date after Nov. 1 1916.
Int. paya¬
ble in New York.
V. 89, p. 846.
Dividends.—Practically all the com. and pref. stock is owned by the Ten¬
nessee Ry.. Lt. & Power Cp.
>
000
are
reserved
for
EARNINGS.—For 12
OFFICERS.—Pres., H. H. Mayberry; V.-P. & Gen. Mgr., R. A. Bailey
Jr.; Se«. & Treas., H. T. Allison.—V. 95, p. Ill, V. 96, p. 1157.
NATCHEZ, MISS.
SOUTHERN RAILWAY & LIGHT CO.—Street railway,
ORGANIZATION.—Incorporated In 1908
Light A Traction Co. (V. 85, p. 1144), which
Natchez
Electric
Street
Ry.
end.
June 30
1913;
A Tract. 1st
000
($1,000)..
g
m
electric line on top of Lookout Mountain
through stock ownership, controls the Lookout Incline Co: (whose
stock and bonds are deposited under the company's mortgage).
Stock
all owned by the Chattanooga Railway & Light Co.
Private right-of-i
except short piece of track on which franchise expires in 1926.
Interest.
Outstanding.
Maturity.
Stock ($500,000)
$500,000
1st mtge $2,000,000 ($1,000)/ 1913
6 M-N
307,000 May 1 1956
gold
c*fPhila; Tr. Safe Dep. & Ins. Co., Phila., Pa.
Bonds.—Lookout Mtn. Ry. bonds are red. at 105 and int. on any int date.
EARNINGS.—Included In Chattanooga Ry. A Lt. Co. earnings.
ROAD.—Operates a cable road of 5,000 feet, and has 3.6 miles of elec¬
on top of mountain.
4 pass, and 1 work car.
OFFICERS.—Pres., C. M. Clark; V.-P., M. S. Hopkins; Sec. A Treas..
G. L. Estabrook; Gen. Mgr., W. E. Boileau.—V. 83, p. 323; V. 87,
p. 226.
tric road
(3)
Tennessee
Power Co.
,
owned by Tennessee Ry., Light A Power Co.
ORGANIZATION.—Incorp. in Tennessee on Apr. 24 1912
as a consoli¬
dation of the Eastern Tennessee Power Co. and Great Falls Power Co.
STOCK AND BONDS—
Stock $20,000,000
Date.
Interest.
Outstanding.
Maturity.
—All owned by Tenn. Ry., Lt. A P. Co.—
$50,000,000 gold! 1912
M-N
$7,500,000
May 1 1962
guar p. andl. ($1,000) __c* JBankers Trust Co., New York, Trustee.
•Note.—The 5% interim receipts Issued in place of bonds are convertible
Into bonds on, May 1 1915, with option to Tenn. Power Co. from
May 11913
to May 1 1915 to deliver either permanent bonds or
pay such holder in cash
90% and int., but if cash Is offered the receipt-holders may have their
bonds for investment on agreeing not to
spll within a year at less than 96.
mtge
the
---
.
Bonds.—$160,000
are reserved for betterments and extensions.
ject to call at 105 and Int.
$5,000 have been retired.
ROAD.—Operates 6 miles of track; 12
Are sub¬
See Y. 76, p. 1086.
cars.
OFFICERS.—Pres., A. G. Campbell, Natchez; V.-P., L. H. Dlnklns,
New Orleans: Sec., Treas. A Mgr.. Frank J. Duffy, Natehez.—V. 86. p.1591.
NEWARK, N. J.
PUBLIC SERVICE CORPORATION OF N. J.—Street railway, gas and
electric.—{See map on pages 80 and 81.)
ORGANIZATION.—Incorporated
In
New
Jersey
May 6
on
1903
and
controls, through ownership of stock. Public Service Ry. Co., Public
Service Gas Co., Public Service Elec. Co., Orange A Passaic Valley Ry. Co.
and United Elec. Co. of N. J.
The stockholders of the two cos. last named
and also the stockholders of certain of the cos. out of which Public Service
Ry. Co. was subsequently formed (namely North Jersey Street Ry. Co.,
Jersey City Hoboken A Paterson St. Ry. Co. and Elizabeth Plalnfleld A
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
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 A Power
Co.,
Morrlstowh Gas Light Co. (V. 91/*p. 95), Nichols Elec. Lt. A Power Co. of
Nutley. ly. J., Citizens' Eleo. Light, Heat A Power Co. (Perth Amboy, N.J.),
Burlington Elec. Lt. & 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 Jer¬
& Hudson River Ry. & Fy. Co.
sey
]
Merger of Subsidiaries.—In 1907 North Jersey Street Ry. Co., Jersey
City Hoboken A Paterson Street Ry. Co., and United Street Ry. Go. of Cen¬
tral Jersey were consolidated under the name of Publlo Service Ry. Co.,
which see below.
V. 85, p. 406 and 470.
To Public Service Ry. Co. also
have been transferred the leases of various railways formerly held by Publlo
Service
Corporation.
•
In Oct. 1909 all leasehold Interest in gas
properties and all rights under
operating agreement with Plalnfleld 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
assigned to the Public Service Electric Co.
V. 90, p. 1614.
The Public Service Newark Terminal Ry. Co. was incorp. in
Apr. 1913
with $5,000,000 capital stock to further the plan of the Corporation with
were
regard to its proposed terminal improvements for the Pub. Serv. Railway
STOCK AND BONDS—
Date.
Stock. $25,000,000 ($100)
Trust certificates, $20,200,000 f
Interest.
Outstanding.
Q-M 31 $25,000,000
6M-N z20,046,770
,
1903
.
Maturity,
Sept. '13.1 H
Perpetual
1 Fidelity Trust Co.. Newark, Trustee.
General
000
mortgage
gold
($1,000)
$50,000,-/ 1909
5 g A-O 1/35,560,000
Oot 1 1959
s f
c*{Int. at Fidelity Tr. Co., Newark, Trustee, or
at office of J. P. Morgan A Co.
I
.
x
Of which $798,425 owned by the
y
Of which $2,500,000 in treasury.-
Corporation.
Stock.—In Jan. 1911 stock was listed
1
on
,
N. Y. Stock Exchange.
Bonds.—The trust certs, bore 2% int. (dating from June 1 1903) the first
two years,
the third year, and Increased by J^% each following
2
year
untif 6%
was reached in the tenth year, which Is the rate now paid.
See
V. 80, p. 164.
The following shows the terms upon which the stocks of the
constituent companies were exchanged for the trust certificates.
The
stocks
acquired
are
pledged
as
security for the trust certificates.
Total
deposited,
cates.
$
$
14,991,900
40
6,000,000
19,984.600
35
7,000,000
3,000,000
923.500
19,594,500
30
♦North Jersey Street Ry.L
.15,000,000
♦Jersey City Hoboken A Paterson
Street Ry
...20,000,000
♦Elizabeth
Plalnfleld
A
Electric Co
Total
♦
Now
-
%
exchanged.
$
Central
Jersey Ry. Co
Orange A Passaic Valley Ry. Co..
United
New
Total ctfs.
certifi- if all stock
Total
stock.
3,000,000
1.000,000
.20,000,000
-
-
merged In Public Service Railway Co., which
see
30
900,000
800,000
30
.6,000,000
20,200.000
below.
The trust deed
provides that the stocks pledged shall not be used so as to
Increase the capital stock of any of the companies, nor to create any new
liens upon the respective companies except to take ud existing debt of any
of underlying or subsidiary companies.
Mortgage.—Remaining bonds under this mortgage may
extensions and betterments, but only and when the Income
for the preceding 12 calendar months, together with Income from leased
properties for the same period, after deducting operating expenses, taxes
and rentals, shall exceed the sum total of ann. Int. payable upon all bonds
then out. together with those at the time about to be Issued, by an amount
of not less than 75% of the ann. Int.
For security of bonds see V. 89, p.
1348: V.90, p. 698. Red. as a whole(butnotin part) on any Int. date beginning
Oct. 1 1919, at 105 A int.
Commencing Aug. 1 1913, an annual sink, fund
payment of $209,500 draws bonds at 105 A int.
Bonds are listed on N. Y.
such company or
$50,000,000
be Issued for
Stock all
First
Southern
Date.
Interest.
Outstanding.
Maturity •
$45,670
$500,-1
1903
5 g A-OIS
335,000 Apr 15 193$
c*/Int. at Inter-State Tr. A Bkg. Co., New
J Orleans, Trustee, or at First Nat. Bk., N. Y
ORGANIZATION.—Owns
Date.
and electrio.
over
consolidation of
A
Co/—
and,
STOCK AND BONDS.
gas
took
a
STOCK AND BONDS—
Stock, $45,670 ($100)
So. Lt.
gross,
.
Lookout Mountain Ry.
and
was
Power Co., the Natchez Light, Power A
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 1914.
.
mos.
$1,161,121; net,
after taxes, $466,872; fixed charges, $281,103; surplus, $185,769.
Passen¬
gers carried in 1912, 16,641,504.
ROAD.—Not including Lookout Mountain Ry., operates 60.7 miles of
track, incl. 2d track and sidings.
Extensions to Chicamauga Park and
Lookout Mountain are under construction.
Gauge, 4 ft. 83^ in.
T and
girder rails.
107 pass, and 8 work cars.
2 generating stations, total
capacity 9,400 h. p.
OFFICERS.—Pres., C. M. Clark; V.-Ps., M. S. Hopkins and H. L. Clark;
Sec. and Treas., G. L/ Estabrook; Asst. Sec. and Asst. Treas., D. S. Hahn;
Mgr., W. E. Boileaul. Office, Chattanooga, Tenn.—V. 89, p. 285, 846;
V. 95, p. 543, 1122.
(a)
28 miles between Nashville and Gallatin.
Road was placed in operation for
passenger service on Apr. 5 1913.
Total
length of track, 30 miles.
70-lb. A. S. C. E. rails.
Standard gauge. Enters
Nashville over tracks of Nashv.
Ry. & Lt. Co. Am extension to Bowling
Green and Franklin, Ky., 50 m., is contemplated.
approx.
Trust Co. of Newark financed the transaction.
Chattanooga Railway & Light Co.
ORGANIZATION.—Incorporated in Tennessee on July 29 1909 as a
consolidation of the Chattanooga Railways Co. and Chattanooga Electric
Co. per plan V. 88, p. 1497.
V. 89, p. 285.
Owns entire capital stock of
Lookout Mountain Ry. Co.
Does entire street railway and electric light
and power business in Chattanooga and vicinity.
Suburban lines run to
Missionary Ridge, Chickamauga Park and Lookout Mountain.
In 1911
made a
30-yr. contract with
Tennessee
Pow. Co.,
under which it
will obtain all power required for its purposes and will use Its steam stations
for reserve only.
Franchises, with minor exceptions, without limit of time.
Bonds.—The
»
ROAD.—Operates
STOCK AND BONDS.—
Common $4,000,000
do
NASHVILLE-GALLATIN INTERURBAN RY.
ORGANIZATION.—Incorp. in Tennessee.
Capital stock auth. and
outstanding, $750,000.
Has authorized, but not yet offered, $600,000 30
year 5% gold bonds (c*), dated July 1 1911 and due July 1 1941.
Callable
on or after
July l 1916 at 105 and int.
Int. J. & J. in Nashville. • Nash¬
ville Trust Co., trustee.
and Phila. Stock
Exchanges.
V. 91, p. 717; V! 92,
p.
1179; V. 93,
p.
1191.
Dividends.—-First div. of 1% was paid June 29 1907; 1% was paid Sept. 30
and 1% Dec. 31 1907.
In 1908, 4%.
In 1909, 4X%.
In 1910,
1907
5%.
In 1911
1 H%-
& 1912, 6%.
In 1913, Mar., ltf%; June, 1^%; Sept.,
•
•
Sept..
1910.
$13,290,432
8,491,882
5,872,238
1911.
$15,262,426 $14,450,088
9,809,670
8,985,688
7,582,374
6,689,732
1912.
Earnings—
Railway company
■Gas company
company
--_
Operating expenses and taxes
Amortization charges
..$18,501,512 $16,614,345 $14,741,300
earnings
$14,152,958 $13,511,163 $12,913,252
Pub. Serv. Corp. of N. J. income from
securs. pledged 6s from misc. sources
1,939,339
1,890,513
1,532,348
Total expenses..
Net
Date.
Interest.
Outstanding.
Heat
Power
Stock, com. $70,000 ($50)--..
Pref. $41,050 ($50)
First mortgage. $30,000
($250)
—-,—
Citizens
..$32,654,470 $30,125,508 $27,654,552
$17,779,434 $15,941,691 $14,483,985
722,078
672,654
257,315
Total gross earnings
Maturity.
$70,000
41,050
gold/ 1908
6 g F-A 20
30,000 Feb.20 1928
c*\Interest at Weehawken Trust Co., trustee
STOCK AND BONDS—
1912 report in V. 96, p. 941.
REPORT.—For calendar years;
Gross
Electric
79
ELECTRIC RAILWAYS
1913.]
Electric
Light
&
Co.
Leased to Public Service Corp. June 15 1910 for 999 years, and In July
lease assigned to Public Service Electric Co.
1910
ORGANIZATION.—Incorporated in New Jersey on March 1 1905.
auth., $125,000 ($25); outstanding, $41,400; all owned by Public
Stock
Service Corporation.
Burlington Electric Light & Power Co.
\
ORGANIZATION.—Incorporated Oct. 6 1888 in New Jersey.
owns entire issue of stock, except directors' shares.
Service Corp.
Total
income.
$15,401,676 $14,445,600
$16,092,297
Deduct—
and
Interest
controlled
rentals
of
and
leased
*
$11,289,076
companies
Fixed charges of Pub. Serv. Corp...
2,749,997
Dlvs. on Pub. Serv. Corp. stock
.(6)1,500,000
Total deductions...
$15,539,073
$553,224
Balance, surplus
$11,066,651 $10,539,949
2,540,243
1,835,356
(6)1,500,000 (5)1,250,000
$15,106,894 $13,625,305
$294,782
$820,295
OFFICERS.—Pres., Thos. N. McCarter; 1st V.-P., George J. Roberts
2d V.-P., John J. Burleigh; 3d V.-P., Randal Morgan; 4th V.-P., Anthony
R. Kuser; Comp., Percy S. Young.; Sec., Ed. W. Hine; Treas., Jas. P
Dusenberry.—V. 89, p. 349, 594, 721, 847. 1348; V. 90, p. Ill, 699, 1236.
1293, 1301, 1614; V. 91, p. 95, 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. Ill, 1208; V. 96, p. 136, 941, 951;
V. 97, p. 238, 366, 522.
(1) Public Service
ORGANIZATION.—A consolidation
(under agreement dated June 30
1913) of the Elizabeth New Brunswick & Trenton RR. and the TrentOn
Terminal RR.
Capital stock, $105,000, all owned by Public Serv. Corp. of
N. J.
Regular trolley service between Newark and Trenton inaugurated
July 1 1913.—V. 97, p. 522.
Elizabeth & Trenton RR.
*
to Trenton Terminal RR.,
subsequently merged in
Co., for 999 years from April 1 1912.
Rental 5% on
outstanding pref. stock, and, beginning with the year ending April 1 1915,
1% on outstanding com., with additional 1% annually until 4% is paid.
(a)
Lease.—Leased
Public Service RR.
V. 94, p. 697.
-
.
ORGANIZATION.—Incorporated in New Jersey on May 19 1910 aa
successor to the Trenton 6b New Brunswick RR. and the New Jersey Short
Line RR., both sold at foreclosure.
See plan in V. 89", p. 1282, 1349.
STOCK AND BONDS—
$900,000 ($50)--
Date.
Common
Pref $300,000 5% cum ($50)
First
mtge
$1,200,000 gold)
Paterson & Passaic Gas & Elec. Co
Somerset Un, & Middlesex Ltg. Co
--
700,000 Apr
1, 1962
($1,000) c*.------J Interest at Logan Trust Co., Phlla., trustee.
Bonds.—First mtge. bonds are subject to call as a whole on any Int. day
at 110 and Int.
Interest Is guar, by Pub. Serv. Ry.
ROAD.—Operates 26.06 miles of standard-gauge track between Trenton
and Milltown over private right-of-way.
60-lb. T rails.
An extension
from Bonhamton to Elizabeth, 15 miles, is under construction.
80-lb. T
rails.
Will be completed about June 1913.
V. 90, p. 1362; V. 94, p. 697.
ELECTRKTCOT
of entire capital
ORGANIZATION.—Incorporated In New Jersey on June 13 191o.
Leases.—In July 1910 Public Service Corp. assigned to Public Service
Electric Co. the leases of United Elbe. Co. of N. J., Middlesex Elec. Lt. 6t
Power Co., Weehawken Contracting Co., Nichols Elec. Lt. & Power Co. of
Nutley, N. J., and Citizens Elec. Lt., Ht. & Power Co. and theelectrlc
properties of South Jersey Gas, Elec. & Trac. Co., The Paterson & Passaic
Gas 6s Elec. Co., Somerset Union & Middlesex Lighting Co. and The <?a»
& Electric Co. of Bergen County. Also leases Burlington El. Lt. & Pow. Co.
and electric properties of Princeton Lt., Heat 6b Pow. Co. and Shore Light¬
ing Co.
In addition, leases and operates the power stations owned by
Princeton
SERVICE
PUBLIC
ORGANIZATION.—Incorporated in New Jersey and was created by
the United States
(incorporated in New Jersey In 1873).
This latter Is said to have had a
perpetual charter under legislative grant conveying the right to manufac¬
ture and distribute gas throughout the State.
Company has no bonds.
Leases.—On Oct. 1 1909 Public Serv. Corp. assigned to Public Service Ga«
Co. the leases of Essex & Hudson Gas Co., Newark Consolidated Gas Co.,
The East Newark Gas Light Co. and Hudson County Gas Co.,and,In so far
as they relate to the manufacture and distribution of gas, the leases of South
Jersey Gas Elec. & Trac. Co., The Paterson 6s Passaic Gas 6s Elec. Co.,
Somerset Union 6s Middlesex Lighting Co. and The Gas 6s Elec. Co. of Bergen
County.
V. 89, p. 594, 721.
Operating agreement between Plainfield
Gas Light Co. and Public Service Corp. was also assigned to the Public
Service Gas Co.
On July 1 1910 leased the Ridgewood Gas Co. and Morristewn Gas Light Co.
Also has leased gas properties of Princeton Light,
Heat & Power Cp. and Shore Lighting Co.
^
Stock, $30,000,000; $9,250,000 outstanding; all owned by Pub. Ser. Corp.
Stock will be Issued (V. 89, p. 594) from time to time at par to Public
Service Corp. only for cash or for Improvements at actual cost thereof.
changing the name of the old Oxy-Hydrogen Co. of
Real estate mortgages,
bonds.
No
one
Stock
the Cinnaniinson (N. J.)
simplifying the corporate
merging the Cinnaminson company
of the Public Service operating company.
authorized, $30,000,000; outstanding, $13,000,000, all owned
No bonds.
(except directors' shares) by Public Service Corp.
Real estate
mtges., $442,000.
In Oct. 1912 obtained permission from N. J. Pub.Utilitias Comm. to issue $2,750,000 stock for extensions, &c., which stock is
included in amount reported outstanding.
Dividends.—Initial div., 1%, paid Dec. 31 1910. In 1911 & 1912, 8%.
REPORT.—For year ending DqC. 31 1912, gross, $7,592,003;
902,006;
net, $3,-
fixed charges, $2,737,932; divs. (8%), $1,040,000; sur., $124,074.
PROPERTY, &C.—On Dec. 31 1912 had 32 generating stations and 50
sub-stations, with a total capacity of 212,358 k. w.;
sion line and 101 miles of conduit.
Meters, 83,350.
amps,
12,297,
and street incandescent lamps,
OFFICERS.—Pres.,
Thos.
475 miles of transmis¬
Number of street arc
20,347.
*
V.-P., George J. Roberts!
W. Hlne; Treas., Jas. P. Dusenberry;
McCarter;
N.
Comp., Percy S. Young; Sec., Ed.
Gen. Mgr., Dudley Farrand.
United Electric Co. of New Jersey.
ORGANIZATION.—Organized June 1 1899.
to Public Service Corporation.
In
July 1910 lease assigned to Public Service Electric Co.
Under
the lease the $400,000 surplus cash assets of company were divided and a
Lease.—Leased July 1 1907 for 999 years
special dividend of 5% was paid June 29 1907 (V. 85, p. 44).
Rental is
8% for two years. 4% for next two years and 5% thereafter.
V. 85, p. 44.
Public Service Corporation owns practically all of this company's stock and
$683,000 of its 1st mtge. bonds.
Date.
STOCK AND BONDS—
Interest.
Outstanding.
Maturity
---$20,000,000 See text
Stock, $20,000,000.
mtge "$20,000,000
gold] 1899 • 4 g J-D
18,617,500 June 1 1949
($500 and $1 000) ......CM Int. at N.J.Title Guar. 6s Tr. Co.. J.C.. Trus
Oon Lt Heat & Pow $1,000,-1 1898
5 g J-D
308,000 June 1 1938
000 ($500) gold
/Int. at N.J Title Guar &Tr.Co .J.C., Trustee
No Hudson Lt Heat & Pow] 1898
5 g A-O
367,000 Oct 1 1938
1st
$2,000,000 ($1,000)
-.----jlnt. at N.J.Title Guar.&Tr.Co. J.C., Trus.
there are $115,000 Con. Lt. Ht. & Pow.
Int. on 1st mtge. Is guaranteed by Pub. Ser.
Bonds.—In addition to the above
bonds In hands of trustee.
Oorp., which also agrees to provide for payment of prin. by extension, re¬
or otherwise.
V. 90, p. 114.
1st mtge. bonds are reserved to re¬
tire Con. Lt. Ht. 6s Pow. and No. Hud. Lt. Ht. & Pow. bonds.
$4,580,150; net, $2,713,644; Interest.
surplus, $1.935.194.—V. 85, p. 44, 288, 415; V. 90, p. 114.
REPORT.—For year 1912, gross,
p.
414; V. 94, p. 987.
Middlesex
Electric
Light &
flat, and in pursuance of the board's recommendation set the same reduced
rate throughout the State on May 1 1913. • See under Pub. Serv. Corp. in
Validity of order was upheld on July 7 1913 by the New Jer¬
the Court of
V. 96, p. 136.
sey
Supreme Court (V. 97, p. 238).
Appeal has been taken to
Appeals.
V. 97, p. 366, 445.
Errors and
to Public Service Corp. for an annual rental of 5 % on stock and Int.
on bonds.
Lease assigned to Public Service Electrlo Co. in July 1910.
Stock all owned by Public Service Corporation, which also owns $21,000
of the 1st mtge. bonds,
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity.
Stock, $200,000
$175,000
First
mortgage,
$200,000,/ 1905
5 g J-J
181,000 Jan
11955
\Fidelity Trust Co., Newark, trustee.
Bonds.—Of the bonds. $19,000 are reserved for Improvements.
Electric
Light
&
Power Co. of
Nutley,
cal.
year
6ce.—In 1912 sold 9,637,555.000 cu.ft.of gas. Dec. 311912
miles of mains and 410,649 meters in service.
PROPERTY,
Essex & Hudson Gas Company.,
ORGANIZATION.—Incorporated in Nov. 1898 in New Jersey and on
1 1898 assumed the lease of Newark Consol. Gas Co. to United Gaa
Improvement Co. for 999 years from Dec. 1 1898.
Essex 6b Hudson Gas
Co. was leased to Pub. Service Corp. for 900 years from JuDe 1 1903 and
lease assigned Oct. 1 1909 to Public Service Gas Co.
Under lease, div.rate
is now 8% per annum.
Stock auth. and outstanding, $6,500,000.
V. 67,
p.
1002, 1160.
,
•
Dec.
Gas Company.
ORGANIZATION.—Incorporated Nov. 30 1898 In New Jersey.
Con¬
Newark Gas Co., Montclalr Gas 6b Water Co., Summit Gas
Light Co.. People's Gas Co. of Irvlngton and Clinton Gas Co.
Owns entire
capital stock of Ofange Gas Light Co. and practically all the stock of The
East Newark Gas Light Co.
Leased all Its property to United Gas Imsolidation of
Srovement
ate lease Co. of
Phlla., to
Pa.,Essex
for 999
from
Dec.
1898,byand
on same
assigned
6s years
Hudson
Gas
Co.1 and
last-named
was
company to Public Service Gaa Co. Oct. 1 1909.
Lease
ment of all fixed charges and divs. on stock commencing
and increasing
H % yearly
provides for pay¬
^ % July 1 1900
until 5 % Is reached in 1910; thereafter 5 % per an.
Interest.
Outstanding.
Maturity.
.
$6,000,000
See text.
1898
5 g J-D
6,000,000 Dec 1 1948
$10,000,000 g ($1,000) -_c*J Int. at Fidelity Trust Co., Newark, trustee.
Newark Gas 1st mtge $4,000,-] 1895
6 Q-J
4,000,000 April 1 1944
000 ($100, $5006b$1 ,000)c*J Int. at Fidelity Trust Co., Newark.
Bonds.— Ot the $10,000,000 Newark Con. Gas bonds, $4,000,000 are reSTOCK AND BONDS—
Date.
Stodr, $6,000,000 ($100)
Newark Cons
Gas cone
-
mtge]
terved to retire underlying liens.
,
C'O*
This company was leased to Public Service Corporation for 999 years from
Sept. 1 1909 for annual rental of 6 % on stock, and lease assigned Oct. 1.190ft
to Public Service Gas Co.
TTli© Enlist NdWflriik Gets
ORGANIZATION.—Incorporated in New Jersey.
Stock $6Q,000 ($25);
no
bonds.
Stock is owned by Essex 6s Hudson Gas Co. and
all out;
Newark
North
Gas
Consol.
Arlington and
in
Co. * Operates
East Newark.
Harrison,
Weehawken Contracting Co.
ORGANIZATION.—Inc. In New Jersey May 9 1904.
Is leased to Public
Service Corp. for bond Int. and 6% on pref. stock... Lease assigned In July
1910 to Public Service Elec. Co.
Stock all owned by Public Service Corp
Kearny,
Arlington,
r
Hudson County Gas Co.
This company was leased to Public Service Corporation
from June 1 1903.
Oct. 1 1909 lease was assigned to Public
for 900 years
Service Gas Co.
Under lease, div. rate
is now 8% per annum.
ORGANIZATION.—Incorporated in New Jersey in October 1899, and
various gas piants In Jersey City and Hoboken.
te a consolidation of the
STOCK
First
.Maturity.
gold-__i
--
5 g M-N
1899
PLANT.—Controls all gas plants in Jersey
—V. 78. p. 770;
Outstanding.
$10,500,000
10,500,000 Nov 11949
.jN.J.Title Guar.6bTr.Co., Jersey City, Trus.
•
..
$10,500,0001
mortgage
Interest.
Date.
BONDS.—
AND
Stock $10,500,000 ($100)
'City, Hoboken and Bayonne.
V. 84, p. 1555.
Ridgewood Gas Company.
April
ORGANIZATION.—Incorporated
24
Service Gas Co. for 999 years from July 1 1910 at
STOCK
AND
mortgage,
Interest.
Date.
BONDS—
1900.
Is leased to Publlo
rental of $2,000 per annum.
$100,000—f
5 J-D
1900
lint, at Equitable
Second
mortgage,
$100,000./ 1905
5 A-O
Outstanding.
Maturity.
$100,000
100,000 June 1 1925
Trust Co., N. Y., trustee.
85,000 Apr 1
1925|
]Int. at Fidelity Trust Co., Newark, Trustee.
Light Co.
In 1910 Public Service Corporation acquired all the capital stock of this
Morristown
Gas
V. 91, p. 95.
ORGANIZATION.—Incorporated
company.
In New Jersey on Feb. 19 1855.
999 years from July 1 1910.
Rental
outstanding capital stock.
Stock out. $367,500
($100), all owned by Public Service Corporation.
No bonds.
Leased to Public Service Gas Co. for
equal to 5%
per ann. on
The Paterson & Passaic Gas & Electric Co.
N. J.
ORGANIZATION.—Incorporated In New Jersey.
Stock $25,000 ($50).
No bonds. Was leased May 1 1908 for 900
years to Public Service Corp. (lease assigned to Public Service Electrlo Co.
In July 1910) for an annual rental of 10% on stock.
all owned by Public Service Corp.
In
June 30 1913, 4%.
had 2,741
First
ORGANIZATION.—Is a consolidation of Carteret Electric Light &
and Middlesex Lighting Co.
Was leased May 1 1908 for 900
-
In 1910, 2M%.
Dec. 31 1909.
Dividends.—Initial div.—2%—paid
1911,8%.
years
Nichols
,
Stock, $100,000
Power Co.
Power Co.
gold
•
of the Board of Public Utility Com¬
Dec. 27 1912, the company reduced its rates in the
Passaic division on Feb. 1 1913 from $1 10 per 1,000 cu. ft. (with a reduc¬
tion of 10c. if bill is paid within a certain time) to $.90 per 1,000 cu. ft.
funding
$778,450;
1106; V. 93,
§90,000.
Rate Reduction.—Accepting the order
Newark Consolidated
April 1913 the N. J. Board of Public Utility Commissioners approved
relations between the two companies by
with
~~
GAS CO.
Controlled by Public Service Corporation by ownership of entire capita)
stock.
Public Service Ry. Co.
the company's application for a one-year lease of
Elec. Lt., Ht. & P. Co.
The board recommended
Publle
Service Gas Co.
1912, gross,
$9,801,453; net,
$4,879,432;
fixed charges, $3,912,075; divs. (8%), $740,000; surplus, $227,357.
■took.
In
See below under
Lighting Co
Light, Heat & Power Co-------—
Shore
REPORT.—For
PUBLIC SERVICE
Controlled by Public Service Corporation by ownership
'
So. Jersey Gas, Elec. & Traction Co—
Gas & Electric Co. of Bergen County--
missioners made on
180,300
A-O
5 g A-O
1912
Maturity.
Outstanding.
$811,350
Interest.
A-O
-
Publlo
Stook
auth., $25,000 ($50); outstanding, $17,550.
No bonds.
Leased for 900
years from May 11911 to Public Service Elec. Co. at a rental of $2,250 per an.
This corabany was
from June 1
1903.
leased to Public Service Corporation for 900 years
Under lease, div.rate was gradually increased and is
per annum.
In Oct. 1909 gas part of lease
Service Gas Co. and in July 1910 electric part of lease
now
5%
assigned to Public
assigned to Public
Service Electric Co.
ORGANIZATION.—Is
a
consolidation of the various gas and lighting
properties of Paterson and Passaic.
Public Service Corporation owns
$269,700 of the stock.
80
ELECTRIC
RAILWAYS.
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1.889
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ELECTRIC RAILWAYS
SEPT., 1913.]
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LAKEWOOD
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Electric Railway
Lines
Controlled by
1,582.
c
\
K
MAP OF
1,433/
/
PUBLIC SERVICE
A
CORPORATION
OF NEW JERSEY
'
•
r
s
21,31 £§
J
.4
i
SCALE OF MILES
0
5
CONNECTING LINES—
10
15
,
i
A-
82
ELECTRIC RAILWAYS
STOCK AND BONDS,—
Stock $5,000,000 ($100).
Date.
Interest.
$5,000,000
mtge
goldf 1809
c*(Int.
($1.000)
Ed El 111 Jst mtge, (600.000.
j
1895
4,049,000
5 g
J-J
[Paterson Safe Dep.
Pas Ltg Co con m, $450,000.
1895
I
Maturity.
5 g
M-N
11949
Mch
or
1892
In
6 g
J-D
50,000 June 1 1922
LPaterson Savings Institution, trustee.
$5,000,000 mtge. of 1899, $951,000 is reserved for
underlying liens.
The new bonds
Safe Deposit & Trust Co Is trustee.
not
are
subject to call.
The Paterson
Somerset Union & Middlesex Lighting Co.
ORGANIZATION.—Incorporated In New Jersey on Dec. 1 1903, In the
Interest of Public Service
Corporation,
as a consolidation of Somerset
Light¬
ing Co. of Somervllle, N. J., Plalnfleld Gas & Electric Light Co. of PlainHeld, N. J., and Citizens' Electric Co. of North Plalnfleld. (V. 78, p. 107.)
On Dec. 31 .1903 Central Elec. Co. was also merged in the same.
Publio
Service Corp. owns $422,400 of the stock, $573,000 Som. Un. & Mid.
Ltg.
Co. bonds, $21,000 Somerset Ltg. Co. 1st 5s and $20,000 Cent. Elec. Co. 5s.
LEASE.—The co. was leased to Pub. Serv.
Corp. for 900 years from
Deo. 31 1903 on the following terms, viz.:
all interest, expenses and
taxes to be paid by Public Service
Corporation, and as rental a dividend
the
on
accruing as follows: From Dec. 1 1905, 1 %• Dec. 1 1906,
1H%; Dec. 1 1907 2%; Dec. 1 1908, 2X %; Dec. 1 1909, 3%; Dec. 1 1910,
3^%; Deo. 1 1911 and thereafter, 4%.
So much of lease as relates to
manufacture and distribution of gas has been assigned
toPublloSer.Gas.Co.;
of lease applying to electric
properties has been assigned to
Service Electric Co.
STOCK AND BONDS.—
Date.
Interest.
remainder
Public
Stock $1,050,000 ($100)
& Mid Lt Co
$2,750,000
($1,000)
g.
Underlying Bonds assumed—
Plalnfleld Gas & Elect Lt
gen) 1900
mtge $500,000
Oltlzens'
Electric
5
A-O
—(Guaranty Trust Co
.
1st
Outstanding.
$1,050,000
J-D
Maturity.
See text
•
M) 1903
4 g J-D
1,974,328
Dec 1 1943
,c*JInt. at Fidelity Tr. Co., Newark, Trustee.
mort-i
$40,000
Somerset
Lighting
Co
mortgage, $150,000
1895
460,000 April 1 1940
,
New York
Trustee.
40,000 Nov 1 1915
Tr. Co., N. Y., Tr.
5 M-N
/Columbia-Knickerbocker
gage,
5 F-A
150,000 Feb 1 1939
1st) 1899
/Fidelity Trust Co., Newark, Trustee.
Cent Elec consol mtge
$750;-) 1900
5 g J-J
700,000 July 11940
000 ($500 and $1,000)
g_c*/Int. at Fidelity Tr. Co., Newark, Trustee.
Edison
111
Elect
of
N
mortgage $50,000
lsti
B
1888
J-D
«
50 000
June
1
1918
JB. F. Howell, T. E. Townsend, trustees.
...
Bonds.—$1,128,328 of the 1903 bonds have been issued In exchange for
the stocks of the companies consolidated and $846,000 for extensions and
Improvements; $547 Is reserved for Central Electric stock not yet acquired
(the company having previously obtained the remainder of the $750,000
total stock of that company), $775,000 to retire the
underlying bonds and
$125 for future additions and Improvements.
No sinking fund, and bonds
cannot be called.
Of the $500,000 Plalnfleld Gas & Electric
general 5s,
$40,000
reserved for prior liens.
Is
is reserved to retire
Of Central Electric Co. bonds, $50,000
like amount of Edison Elec. Ilium. Co. bonds,
a
tral Elec. bonds are subj. to call at 110 and Int.
South
Jersey
Gas,
Electric
&
V. 78, p. ID
Traction
Co.
This company was leased to Public Service Corpor'n for 900
years from
1903 (at a graded rate of dividend, the maximum of
June 1
8%
per annum
having been reached in the eighth year), and
on Oct. 1 1909 so much of the
as relates to the manufacture and distribution of
gas was assigned to
the Public Service Gas Co.
Its traction business is leased to the Public
Service Ry. Co. and its electric business is leased to Public Service Electric
ORGANIZATION.—Incorporated
Public
Service
1st M.
Traction
Corp.
$3,507,000
owns
of So.
Jersey Gas,
Elec.
Stock $250,000 ($50)
1st ret mtge $250,000
($100, $1,000
5s.
ORGANIZATION.—Incorporated In 1900 to bring under one control
gas
electric light and trolley Interests In Southern New Jersey. "la
Dec. 1902 purchased the entire capital stock of. Bristol
ElectricvLlghtrA
Power Co. of Bristol, Pa.; the latter has no bonded debt.
Also oWns'the
capital stock of the Yardley (Pa.) Elec. Lt. Heat & Power Co.
Also owns the entire capital stock ($600,000) of the Camden Gloucester
& Woodbury Ry
STOCK
.
which has been leased to Publlc>Servlee Ry. Co.
AND BONDS.—
Date.
Interest.
....
J-D
Outstanding.
Maturity
$6.000 000
See text
1903
5 g M-S
12,892,000 Mch 11953
($1,000)
.cMInt. at Fidelity Tr. Co., Newark,N.J.. Trus.
Trenton G&E1 1st M $2,000.-1
1899
5 g M-S
2,000 000 Mch
1 1949
000 gold ($1,000).
../Interest at EquitableTrustCo., N.Y.,Trustee.
Burlington Gas Lt Co 1st M__f 1901
5 g M-N
100,000 May 11921
stock $6,000,000 ($100)....
1st
mtge
$15,000,000
gold)
.
$100.000..
(Int. at BurrnCity L.&T.Co., Burl'n, trustee.
$15,000,000 issue, $2,108,000 are reserved to retire
prior liens.
No sinking fund and bonds cannot be called.—V. 76, p. 332.
544, 866, 1144, 1250; V. 78, p. 1449; V. 86, p. 1530; V. 95, p. 1685.
New Brunswick Light, Heat & Power Co. "
ORGANIZATION.—Incorporated In New Jersey on Dec. 7 1899.
Owni
all the stock of The Gas Light Co. of New Brunswick,
except directors
shares.
Int. on bonds and dlv. on stock Is paid by Public Service
Corpora
tlon through lease of The Gas Light Co. of New Brunswick.
See latter
company below.
Bonds.—Gf the
new
STOCK AND BONDS—
Stock, $500,000 ($100)
First mtge,
$500,000,
($500 and $1,000)
Date.
Interest.
J-J
Outstanding.
$400,000
Maturity
Prior lien
in
or
....
mtges
15,000
company begun
1910.—V.
91. p.
399.
SERVICE RAILWAY CO,—See map on
Controlled by Publio Service Corporation
through
Of Stock
ORGANIZATION.—Organized in
Perth
STOCK AND BONDS—
Date.
Interest.
Stock, $2,000,000 ($100)..
General mortgage,
Maturity
See text
46.000 Nov. 1 1954
1904
5 g M-N
(Equitable Trust Co., N. Y., trustee.
General mortgage
85,000.000( 1904
5 M-N
2,064.000 Nov. 1 1954
(Fidelity Trust Co., Newark, Trustee.
Consolidated mortgage, $1,-/ 1899
5 g J-D
1,440,000 June 1 1949
500,000 gold
.[Fidelity Trust Co., Newark, Trustee.
$5,000,000/
gold ($1,000)
Englew G & E general mtge...
Hack Gas & Elec deb Series 1
Hack Gas & Elec 1st mtge
_
—
1899
5 J-J
1897
6 J-J
23,000
3,000
Jan.
11917
1895
5 J-J
10,000 July
1 1935
Jan.
11939
Hack G L 1st mtge ($1,000) _.c 1894
5 J-J
24,000 July 1 1934
Bonds.—Of the general mortgage for $5,000,000, $1,545,000 Is
reserved
to retire prior liens and $1,391,000 for additions and
Improvements.
The
Sen.
mort.
of mtge.
which ofthewhich
Equitable
Co.isIstrustee.
trustee, was
y the
similar
FidelityTrust
Tr. Co.
V. superseded
80, p. 653.
Shore Lighting Co.
ORGANIZATION.—Incorporated March 21 1911
consolidation
of
Shore
Elec.
in New Jersey and Is a
Bright Elec. Lt. Co. and Citizens
$104,800 of stock owned by Pub. Serv.
Co., Sea
Lt. & Fuel Co. of South Amboy.
Corp.
The electric properties have been leased to Pub. Serv. Elec. Co. and
th»
properties to Pub. Serv. Gas Co.; the leases are for 900 years from May 1
gas
1911 and
provide for-payment of interest
on
bonds and amount equivalent
to 5%
per ann. on the auth. stock.
STOCK AND BONDS—
Date.
Stock, $112,000 ($lp0)
First
mtge.,
$400,000
($500)
gold/ 1911
Interest.
Outstanding,
*
$112,000
Maturity
5 g A-O
400,000 April 1 1951
..lint, at Fidelity Tr. Co., Newark, N. J., trus.
99%
consolidation of the North
Completed in 1912 a terminal station at SIpp Ave., Jersey City, connect¬
ing with the Penn. RR. station and also with the tunnel station there.
A
terminal
station
Hoboken
at
connecting with
the
D.
L.
&
W.
RR.
station and also with
tunnels terminating there was
completed In May 1910.
Proposed Terminal.—See remarks under "Public Service Corporation."
License Fee Invalid.—The Supreme Court of New
Jersey Oct. 21
aside as invalid an ordinance of the city of Paterson
1011 set
Imposing a license fee
trolley car operated within the city limits.
Transfer Decision.—On June 21 1912 Court of Errors and
Appeals af¬
firmed the decision of Supreme Court on Dec. 26
1911, which sustained the
order of the Public Utility Comm., requiring
company to continue the issue
of transfers to all intersecting lines In Newark, but did not
grant transfers
of $25 for every
on a
transfer.
The basis of exchange of old stock for stock of this
company was as follows
•
•
Receive
New Stock
Total
'
Total
in new
if all Stock
Name of Company—
Stock.
Deposited
Stock.
-
■
.
Exchanged
.
North Jersey Street Ry—.$15,000,000
Jersey City Hob. & Pat— 20,000,000
United St. Ry.Co.of Cent J.
4,000,000
Total..
Car
BONDS.
Date.
1908
$15,000,000
20,000,000
3,000,000
.
$38,816,700
Rate.
$38,000,000
Dlv., etc.
Outstanding.
$37,980,600
-
f
100%
100%
75%
6 J-J
Decl912,lt4
360,000
See text.
(Int. at Fidelity Tr. Co., Phlla., Pa., trustee.
Series) 1910
5 J-J
315.000^
See text
lint, at Fidelity Tr. Co.. Phlla.,
Pa., trustee
certificates. Series) 1912
5 M-S
475,000 •
/Penn. Co. for Ins. on L. & G. A., Trustee.
trust
certificates.
"B"
Car
$14,840,300
19,976,400
4,000.000
$39,000,000
STOCK AND
Stock, $38,000,000 ($100)
Car trust certfs.,Series" A"_
trust
...
"G"_
Cam. & Sub.
car trusts
$70,000/
1904
5 g A-O
7,000
See text
.*
[Int.at CamdeniN. J.)Safe Dep.& Tr.Co,Trus.
Real estate mortgages
210,185
Car trust certificates Series "A" were formerly an
obligation of the Public
Service Corporation, but lease of equip, trust cars was
assigned to Publio
Service Ry. Co. and cert, obligation assumed by
Railway Co.
They mature..
$40,000 semi-annually July 1 and Jan. 1.
Serles"B" certificates mature
$22,000 on each Jan. 1 and $23,000 on July 1.
Series "C" certificates ma¬
ture $25,000 every Mar. 1 and Sept. 1.
Camden & Sub. car trusts mature
$7,000 annually on April 1 Until and Jncl. 1914; $63,000 have been retired.
SECURITIES OF NORTH JERSEY STREET RY.
.
.
...
Date.
Interest.
Outstanding.
Maturity.
$15 000,000,/ 1898
4 g M-N
$15,000,000 May 1 1948
gold ($1 000 each)
(Bankers Trust Co.. New York, Trustee
I Interest at
Fidelity Trust Co.. Newark. N. J
Of the 1st mtge. bonds, $7,230,000 are owned by Public Service
Corp.
First mortgage,
Date.
HOBOKEN
Interest.
& PATERSON
Outstanding.
ST. RY.
Maturity.
Jersey City Hoboken &
1st
erson
000,000
mtge
Pater-) 1899
4 g M-N $14,061,000 Nov 1 1949
gold, $20.-/Interest at New Jersey Title Guarantee
c*J
($1,000)
Trust Co.. Jersey City,
Trustee.
Bonds of Constituent Cos.—
N.
Hud.
North
Co.
Ry. mtge.($1,000) 1884
Hudson
County
6 J-J
$620,000
Jan
/ 1888
5 J-J'
2,378.000 July
$620,000 to retire 1st M.o'jlnt. at First Nat. Bank, Hoboken.
N. Hud. Co. Ry. lmpt.
$1,500,000
mtge.,1
gage ($100,000)
Paterson Ry Con M
1914
1894
5 M-N
1,291,000
May
1 1928
11924
-/Int. at Fidelity Trust Co., Newark, Trustee,
($1,000)
Extension
1
Ry.)
consol mortgage $3,000,000
Mort-) 1895
5 F-A
100,000 Feb
1 191$
j_;—f
Central Trust Co., New York, Trustee.
(now l«t)) 1891
6 g J-D
1,250,000 June 1 1931
gold $1,250,000 ($1,000)_c\Columbia-Knickerbocker Tr.Co.,N.Y.,Trus.
mtge)'1894
6 A-O
300,000 Oct
1 1914
$300,000, red at any time/Paterson Savings Institution. Trustee.
Bonds.—$5,939,000 J. C. fi. & P. first. 4s are reserved for prior
liens.
Paterson Ry second gen
Of the J. C. H.
The second
were
& P. bds. outst., $1,498,000 are owijied by Pub. Serv.
Corp.
North Hudson County Ry. expired May l
1904, but
5s of the
extended
until
May 1
See V.
1924.
redeemable at 110 and Interest
Outstanding.
$2,000,000
a
In addition to above Public Service Ry. leases
Consolidated Traction Co.,
South Orange & Maplewood Traction Co.,
Bergen Turnpike Co., Orange &
Passaic Valley Ry. Co., Camden & Suburban Ry.
Co.. Camden Gloucester
& Woodbury Ry. Co., New Jersey & Hudson River
Ry. & Ferry Co. and
Riverside Traction Co., which companies see below. Also
owns all stock
of People's Elevating Co.
Gas & Electric Co
of Bergen County.
LEASE.—Was leased to the Public Service Corporation for999 years fron
Jan. 1 1905.
Dividends, are
2%
for
first
two
years,
2M% tor th«
Public Service Electric Co.
Is a consolidation of several
Public Service Corp. owns $455,000
as
Jersey Street Ry. Co.,
latter company had previously absorbed Rarltan
Traction Co.
Amboy RR. Co. and East Jersey Traction Co.)
1
WeehawkCn
electric-light companies,
No. 2 bonds.
1907
81.
of
1904 of Middlesex & Somerset Traction Co. and East
which
4 g J-D 15
500,000 Dec.15 1939
c*\Int. at Fidelity Trust Co., Newark, trustee.
properties was assigned to
ORGANIZATION.—Inc. May 31 1899.
ownership
1^"O l6cLS6
SECURITIES OF JERSEY CITY
small gas and
of gen. mtge.
pages 80 and
Jersey Street Ry. Co., Jersey City Hoboken & Paterson St. Ry. Co. and
United Street Ry. Co. of Central
Jersey.
V. 85, p. 406
North Jersey
Street Ry. in Jan. 1898 absorbed the Newark & South
Orange.
The
Jersey City Hoboken & Paterson was a consolidation In November 1899
of the following: Jersey City Hoboken & Rutherford
Electric Rv. Co., Pali¬
sades RR. Co., Paterson Central Electric
Ry. Co., Paterson Horse RR. Co.,
Paterson Passaic & Rutherford Electric
Ry. Co., Saddle River Traction Co.,
White Line Traction Co., formerly the New
Jersey Electric Ry. Co.
In
1901 It absorbed Paterson Ry. Co. and North Hudson
Co. Ry. Co.
United
Street Ry. Co. of Central Jersey was a consolidation in
July 1907 of Eliza¬
beth Plalnfleld & Central Jersey Ry. Co. (which was
chartered in 1900 as a
consolidation of Plalnfleld Street Ry. Co. and other companies) and Eliza¬
beth & Rarltan River Street Ry. Co. (which was a
consolidation on April 30
gold/ 1899
lease of electric
Public
on
$122,500
g s fl
1909
5 g F-A
169,300 F~eb
1 1938
frac.) -.c*/Int. at Equitable Trust Co., N. Y., trustee.
(a) The Gas Light Co. of the City of New Brunswick.
ORGANIZATION.—Incorporated on Mch. 18 1851.
Stock authorized
and outstanding, $400,000; all owned by New Brunswick Lt., Ht. & Pow
Co., except directors' shares.
Was leased to the Public Service Corporation
for 900 years from Jan. 1 1905 (June 1 1906 lease assigned to South
Jersey
Gas, Elec. & Trac. Co.), rental being payment of Int. on bonds of Nev
Brunswick Lt., Ht. & Pow. Co. and dlvs. on stock of said company,as fol
lows:
2% In each of the years 1905 and 1906, 2M% In 1907 and 1908,
3% In 1909 and 1910, 3^ % In 1911, 4% In 1912, 4 H % in 1913 and 5 7,
In 1914 and thereafter.
The company Is now controlled by Public Servlct
Gas Co. by reason of assignment of lease of gas properties of South
Jersey
Gas, Elec. & Trac. Co.
% 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 anc
distribution of gas was made over to Public Service Gas Co. and In
Jujy 191(
New Jersey
PUBLIC
See text.
next year. 3
in
1640.
91, p. 399.
Bonds.—$15,000of 1st & ref. bonds are reserved to retire like amount of
prior liens.
Bonds are guar., p. &i., by Pub. Serv.
Corp.
Red. on any Int.
day at 105 and int.
Sinking fund 4% of gross earnings of
&
the
92, p.
Co.
July 31 1905 as a
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 leasea
being for 900 years from May 1 1911, and providing for
payment of Interest
on bonds and amount
equivalent to 2% per ann. on outstanding stock.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity•
lease
Co.
1910
Public Service Corp. acquired control.
V.
Service Corp. owns $115,850 stock and
$1,600 bonds.
stock
Somerset Un
Princeton Light, Heat & Power
„
$585,000 July 1 1925
& Trust Co., trustee.
316,000 May 1 1925
xcvii.
Bonds.—$341,500 bonds were issued to take up $341,500 Shore Eleotrlc
Co. bonds and $58,500 to take
up $46,800 Clt. Lt, & Fuel Co. bonds; are
guar., p. & L, by Publio Service Corporation.—V.
First
Guaranty Trust Co., trustee.
Pas Gas Lt 1st m, $50,000_
new
5 g M-S
First Nat. Bank, Paterson,
National Bank, New York.
I
Bonds.—Of the
Outstanding.
$5,000,000
J-T)
....
(Jons
[Vol.
on
Bonds of Constituent Cos.—
Eliz. Plain.
&
Cent.
Jers. Ml
Date.
1900
RY.
Plalnfleld
p.
1392.
These
bonds
are
•
Interest.
Outstanding.
Maturity
$2,400,000 Dec
1 1950
Fidelity Trust Co., Newark,
.
5 g J-D
$2,500 000 ($1,000) gold.c*/Interest
at
s. t. & cannot be called/
Trustee.
No.
78,
date.
V. 78, p. 1392.
CO. OF CENTRAL
JERSEY.
any interest
SECURITIES OF UNITED ST.
Street
Ry. first M) 1892
5 J-J
100,000 July 1 1922
Call in 1904/Int. at Fidelity Trust Co., Newark, Trustee.
St.) 1904
5 g M-N *
1,50),000 May 1 1954
Ry. gen. mtge, $3,500,000/FIdellty Trust Co., Newark Trustee.
Brunswick Traction mtge, g)
1896
5 g J-J
500,000 July 1 1928
($1,000) c*cannot be called/Fidelity Trust Co., Newark, Trustee.
Middlesex & Somerset Trac g) 1900
5 g J-J
1,000,000 .Tan
1 1950
M $1,500,000
($l,000)-.c*/lnt. at Fidelity Trust Co., Newark, Trustee.
East Jersey first mtge, $500,-1
1904
5 g M-N
500,000 May 1 1944
000. gold, guar p and 1
/Perth Amboy Tr Co.. Perth Amboy, Trus.
Bonds.—Of the total Issue of Ellz. Plain. & Cent. Jer. Ry. Co. bonds
dated
1900, $100,000 Is held to provide for like amount of Plalnfleld Street
Ry. Co.
bonds.
See V. 71, p. 1310.
Of Ellz. & Rarltan River Street Ry. Co.
gen. mtge. of 1904, $2,000,000 are reserved to retire prior liens.
Pub. Serv.
Corp. owns $154,000 Eliz. Pi. & Cent. Jers. 5s and $274,000 Eliz. & Rar. R.
St. Ry. bonds.
($1,000) c*
Elizabeth & Rarltan Rlv.
.
Divs.—First
dlv.—2-3%—hpaid Dep. 31 '08; In '09,Deo., 2%; In '10. 2%
in'11, Dec., 1^%; in'12, Dec., 1^%.
REPORT.—See Public Service Corporation and V.
96, p. 941.
For cal.'
year 1912, gross, $14,968,338; net, after taxes, $5,529,858;
fixed charges,
$4,961,302; divs., $567,251; surplus, $1,305.
Passengers carried in 1912,
382,715,018, of which 292,707.377 were revenue and 90,007,641 transfers
and passes.
In 1911,
total. 362.550.395.
277,730,238 revenue, 84,820,157 transfers
,
and passes;
miles 2d main
yard track, &c.
closed cars.
ROAD.—Owns 518.501 miles 1st main track, 275.489
track and turnouts and 51.605 miles of connections, loops,
Total, 843.775 miles of track.
503 open and 1,667
OFFICERS.—-Pres., Thos. N. McCarter; 1st V.-P.. Geo.
2d V.-P., J. J. Burleigh; 3d V.-P., Randal Morgan; 4th V.-P..
J. Roberts;
A. R. Kuser,
Oomp., P. S. Young; Sec.. E. W. Hine; Treas., J. P. Dusenberry;
Mgr., R. E. Danjtorth; Gen. Aud., M. R. Boylan.—V. 85, p. 406,
V. 88. p. 53; V. 89, p. 226.
Gen.
1271;
(1) Consolidated Traction Company.
Incorporated March 15 1803.
On June I 1898 leased to North Jersey
Street Ry. for 999 years, and lease has now passed to Public Service By. Go.
V. 66, p. 1141.
Validity of leasp was affirmed In Feb. 1902 (V. 74, p. 380)
and again In Feb. 1903,
V. 76. p. 382.
Dividends under lease are now 4% per annum.
'■ /
.
—
ROAD.—Operates about 190 miles of traok, Including:
N. J. Traction Co
.Stock owned J. C. Har. A K. RR—Stock owned
Newark Passenger Ry.Stock owned Newark Plank Road—Stock owned
J. 0. & Bergen RR
Stock owned
Passaic A Newark El ..Stock owned
Funded
debt.
""**
Stock.
Allies.
......None'
$500,000
6,000,000
504,000
1,000,000
♦100,000
Newark Passenger Ry
83
Rapid Transit Street Ry
12
Jersey City & Bergen RR
..41 M
Jersey City Harrison & Kearney Ry.10
Newark Plank Road
$6,000",666
600,000
258,000
162,000
4 4-5
Passaic & Newark Electric Traction. 10 %
Port Richmond A Bergen Point Ferry
550,000
1,000,000
4,000 shares
On this $18,000 has been paid In.
(a)
Jersey City & Bergen Railroad.
ROAD.—Owns from Jersey City to Bergen Point, Ac., total track, 41H
miles.
Controlled by Consolidated Traction Co., all the stock being de¬
posited as part security for the Traction Co. 1st mortgage.
STOCK AND BONDS—
Stock
Date.
Outstanding.
Maturity.
$1,000,000 f.p
Interest.
1873
4 H J-J
258,000 Jan 1 1923
.w..c*jlnt.at Bkrs.Tr.Co.,N.Y.,or 1st Nat.Bk.,J.G.
Bonds.—The bonds (originally 7s) matured Jan. 1 1903, but were ex¬
tended as 4 bis for 20 years from that date.
mortgage,
($1,000)
(b)
$1,000,0001
Newark
Passenger Railway,—Electric.
ORGANIZATION.—Incorporated June 16 1890.
On July 29 1893
leased to New Jersey Traction for 999 years, and so controlled by the Con¬
solidated Traction Co. of New Jersey, N. J. Traction Co. having been leased
to Consdl. Trao. Co. Jan, 2 1894 for 998 years.
Charter said,to be perpetual.
LEASE AND
RENTAL.—Rental under the lease,
STOCK AND BONDS—
Stock
Par.
Interest.
$100
Text
$105,000
yearly.
Maturity.
36.000.000Own.byC.Tr.
Outstanding.
Pass
Ry
1st
con] 1,000
5 g J-J
6,000,000 July 1 1930
1890, J6,000,000, gold~-c*/N. J Title Guar* As Trust Co., Trustee.
$6,000,000 stock is all deposited as security for the Consolidated
Traction Co. first mortgage.
Interest on consol. 5s is payable at First National Bank, Jersey City.
Newark
The
The consols
are guar., p. A 1., by Consol. Trac. Co., and In Feb. 1895 the
guaranty was stamped on bonds.
V. 59, p. 969; V. 81,, p. 900.
ROAD.—Embraces about 83 miles of traok.—V. 81, p. 900.
(c)
Rapid Transit Street Ry. Co. of the City of Newark.
ORGANIZATION.—June 1 1893 leased to Newark Passenger Ry., and
included with it in lease to New Jersey Traction, and bo forms part of
Consolidated
Traction
system.
STOCK, BONDS, ETC.—
Stock
(6)
Par.
Interest.
11
a-
^ J-D30
30.11
of
miles
from which Is paid 24%
A1
on stock.
track.
Camden Gloucester & Woodbury Railway Co
Leased to Public Service Ry. Co.
ORGANIZATION.—Entire $600,000 stock Is owned by South Jerse)
Gas, Electric A Traction Co.
All bonds have been canceled.
ROAD.—Comprises 25 miles of road.
(7)
People's Elevating Co.
ORGANIZATION.—Incorporated In New Jersey May 81 1899.
Service Ry. Co.
AND BONDS—
Date.
Stook
Is all owned by Public
STOCK
Stock,
First
gold
Interest.
Outstanding.
Maturity,
$250,000
175,000 Oct 1 1939
$250,000 ($100)
—i—
$250,000,1 1899
5 g A-O
($i,000)-._.—
o'jlnt. at N.J.TltleGuar.ATr.Co.,Jer.G., Trus.
— —
—_
—
mortgage,
New Jersey & Hudson River Ry. & Ferry Co.
1910 Pub. Serv Corp. acquired $2,444,600 of the $2,500,000
stock.
V, 91, p. 95.
Is leased to Pub. Serv. Ry. for 900 years
from May 1-1911 for Interest on bonds and 6% on both com. and pref. stks
ORGANIZATION.—Incorporated at Trenton, N. J.,on Feb. 25 1910 as
a consolidation of New Jersey A Hudson River Ry. A Ferry Co. and Hudson
River Trac. Co.
This company owns the entire capital stock and bonds of
The Riverside A Fort Lee Ferry Co., owner of the West 130th St. Ferry.
These seourltles are all deposited under the $5,000,000 mtge.
Franchises
perpetual except one for 50 years and one for 99 years.
Chiefly private
right of way.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Dividends
Stock,
common,
$5,250,000
($100)
—
$2,500,000 See text.
Stock, pref., $750,000 6% cum
6 F-A
750,000 See text.
N J A H RR A F Co 1st M,] 1900
4 g M-S
4,011,000 Mch. 1 1950
$5,000,000 g ($1,000)—c*[Int. at U. S. Mtge.ATr.Co., N.Y.. Trustee.
Hud Rlv Trac 1st M, $1,000,-1 1902
5 g M-S
631,000 Mch. 1 1950
000 g ($1,000)
—jlnt. at U. S. Mtge. A Tr. Co.. N.Y.. Trustee.
Stock.—Pref. stock is red. at 115 and accr. divs.
$7,200 pref. stock in
(8)
On Oct. 1
common
-
Stock, debts and mileage of the leased and controlled lines:
New Jersey Traction Co.
First
ROAD.—Has
BONDS^—
Date.
Interest.
Outstanding.
Maturity.
Stock, all paid in ($100)
J-J 15
$15,000,000
See text
Underlying bonds—see below
7,308,000
1st morteag3. gold, $15,000,-1 1893
5 g J-D
15,000,000 June 1 1833
000 ($1»00)
J Interest at Bankers Tr. Co., N. Y., Trustee
The gold bonds of 1893 are secured not only by mortgage, but also by
deposit of $1,000,000 stock of J. O. A Bergen RR., $161,625 stock of
Newark Plank Road Co., $6,000,000 stock Newark Passenger Ry. and $99,100 stock of Jersey City Harrison A Kearney Ry. Co..
•
Ac., received, $60,000 per annum,
bonds have been canceled.
_
_
STOCK AND
83
ELECTRIC RAILWAYS
SEPT.. 1913.]
Outstanding. Last die.,Ac
$504,000
See text
First mtge, $500,000, g—o*] 1,000
5 g A-O
500,000 April 1 1921
Subj. to call at 110 & int./Int. at Fidelity Trust Co., Newark, Trustee.
Dividends of 11 % % yearly are guaranteed by the Newark Passenger and
treasury.
Bonds.—N. J. A Hud. River
Ry. A Ferry Co. bonds
be called on any
by N. J. A H. R. Ry. A 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 Hasbrouok
Heights, Woodrldge, Rutherford to Arlington and a branch line from Hat*
brouck Heights to Lodi.
The cars of this company operate to the business
centres of Newark, Passalo and Paterson.—V. 82, p. 510, 1323; V. 87,
p. 1479; V. 88, p. 53, 375; V. 91, p. 95, 946; V. 92, p. 462.
(9) Riverside
Traction Co.—Trolley.
Lease.—Company is leased for 999 years from April 1 1912 to Publlo Ser¬
Ry.
The lease provides for int. on bonds 5% divs. on outstanding
pref. stock and a div. on com. amounting to $14,193 the first year, increasing
annually until 7th year, when the maximum of $20,169 will have been
reached.
V. 94, p. 699.
ORGANIZATION.—Incorp. in New Jersey June 20 1910 as successor to
Camden & Trenton Ry., sold at foreclosure.
See plan, V. 88, p. 1126.
Owns 395 out of 400 shares (par $50) of the capital stock of the Cinnaminson Elec. Lt., Pow. A Htg. Co. of Riverton, N. J., which supplies the
towns of Beverly, Delanco, Riverside, Riverton and Palmyra, with light.
Also owns entire capital stock ($50,000) of the Bordentown Eleo. 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 ($100,] 1910
5 g J-D
1,368,000 June 1 1960
$500 & $1,000) call, at HOJInt. at West End Trust Co., Phlla,, 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 guaran¬
teed by Public Service Ry.
V. 94, p. 280, 352.
ROAD.—Comprises 32.96 miles of track between Trenton and Riverton
(where connection is made with Camden & Suburban Ry. traoks).
By a
contract between this company and the Camden A Suburban, the Riverside
Trao. cars run direct to Philadelphia Ferry at Market and Federal streets,
Camden.
Pres., A. Merritt Taylor; Sec., C..L. Rlhl.—V. 93. p. 408
V. 94. p, 280. 353, 699. "
vice
—
(10)
—
Paterson & State Line Traction Co.
Stock all owned by the Public Service Railway Co.
New Jersey traction companies upon the stock.
(d)
Passaic & Newark Electric Traction Co.
ORGANIZATION.—Incorporated April 30 1895 and acquired all the
$1,000,000 stock of Passaic A Newark Electric Ry.
Consolidated Trac¬
can
int. day at 105 and Int. upon six weeks' notice. V. 80. p. 998. Hud.Rlvev
Trao. bonds are subject to call on any int. date at 110.
$67,000 are owned
-
ORGANIZATION.—Incorp. in New Jersey Nov. 15 1901.
Stock
authorized, $300,000 (increased in July 1913 from $100,000; V. 97, p. 522);
outstanding, $56,000.
>
tion Co. owns all the stock and guarantees the bonds.
STOCK AND
BONDS.—
Date.
Stock $1,000,000 ($100)——
1st M $1,000,000 guar p A In]
by Consol Trac of N
....
1897
J—..J Int.
Interest.
»
.
Maturity.
Outstanding.
550,000 June 1 1937
at N.J.Title Gu.A Tr..
Jersey City.Trus.
(2) South Orange & MaplewoodTraction Co.
This oompany was leased on Oct. 1 1903 to North Jersey St. Ry. Co. (now
merged In Public Service Ry. Co.) In perpetuity, the rental being $2,000
the
year,
preferred stock for first year and increasing $500 yearly until nlntb
when $6,000 Is paid, which amount Is to be paid thereafter.
Rental is
guaranteed by Public Service Corporation of New Jersey.
ORGANIZATION.—Consolidation
in
July
1901
of
V. 77,
South
d.
824.
Orange
(3) Bergen Turnpike Co.
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 miles, over which an electric road was constructed In 1902.
Jersey City Hoboken & Paterson (now merged In the Public Service Rwy.
Co.) owned a majority of the stock and guaranteed Its $1,000,000
5%
bonds, dated l901, due July 1 1951; Interest J-J; prln. and lnt payable at
New Jersey Title Guarantee & Trust Co., Jersey City, Trustee.
Leased to Public Service Ry.
Orange
&
Passaic
Valley
Ry, Co.
assigned to North Jersey Street Ry. Co. July 23-1907 and now held by
Public Service Ry. Co.
ORGANIZATION.—Incorporated in 1898 as successor of
Traction Co., sold In foreclosure July 6 1898.
BONDS.—
Date.
Interest.
Outstanding.
f
1898
.ft
J-D
$833,000
Suburban
(5)
are
Maturity ?
Dec
11938
owned by Public Service Corporation.
Camden
& Suburban Ry. Co.
on May 1 1904 to Public Service Corporation
for 999 years
being (in addition to fixed charges) $30,000 the first year (1905),
$36,000 the second year, $42,000 the third year, $48,000 the fourth year,
$54,000 the fifth year, $72,000 the sixth year $84,000 the seventh year,
$96,000 the eighth year, $108,000 the ninth year and $120,000 the tenth
year and
thereafter.
V. 78, p. 2383.
Lease was assigned to Pubic
Service Ry. Co. Sept. 24 1907.
ORGANIZATION.—Formed In 1896
Controls Camden Horse RR.
(which Is leased) and West Jersey Traction Co. (stock $60,000).
Was leased
rental
STOCK AND BONDS.—
Date.
Stock $3,000,000 ($25)
1st mortgage $3,000,000 gold] 1896
-
interest.
Q-F
Outstanding.
See text
Maturity.
See text
5 J-J
$1,940,000 July 1 1946
($1,000)
c/Int. at N.J.Tr.ASafeDep.Co.,Camden,Trus.
Stock.—The stock is all outstanding; 20% paid In.
Bonds.—Of the 1st mtge. bonds, $1,000,000 are reserved to retire stook of
Camden Horse RR. and $60,000 are for extensions.
V. 94, p. 1185.
.EARNINGS.—For cal. year 1911, gross, $1,004,375; net after taxes,
$312,361; flx-ed charges and rental, $157,000; surplus, $155,361.
ROAD.—Operates 91.3 miles of track.
Connection through to Trenton
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 RR. Co.-—
ORGANIZATION.-r-lncon>. Mch. 23 1866.
Stock, $250,000
($25.)
Leased to Camden As Suburban Ry. from May 1 1896 for 999 years.
Rental,
A Buzzard's Bay Street Ry., which wa« a reorganization of the Mlddleboro
Wareham A Buzzard's Bay Street Ry.
STOCK AND BONDS—
Date.
Stock, $550,000 ($100):First
mortgage,
$500,000.)
gold ($1,000)..
c*)
J
M
V. 82, p. 1438.
Interest.
Outstanding.
Maturity,
$550,000 Dec.'12,3%
1902
5 g J-J
280,000 Jan. 1 1922
Int. at International Tr. Co., Boston, Trus.
No sinking fund and not subject to call.
W A B B first mortgage,/ 1901
4 g A-O
150,000 Oct. 11921
$150,000 ($1,000) gold—cllnterest at Federal Trust Co.. Boston, Trus.
Bonds.—The Mlddleboro Wareham A Buzzard's Bay bonds have no sink,
fund, but are subject to call before Oct. 1 1921 at 105 and int.
See V. 78,
p. 1313.
Int. was formerly 5%, but on consol. with New Bedford A Onset
was reduced to 4%.
I
ROAD.—Owns. 44.119 miles of track between Falrhaven and Onset ahd
In Mlddleboro and to Buzzards Bay and to Monument Beach
28 passenger
cars, 4 snow-plows. 4 miscellaneous and 104 clectrlo motors.
EARNINGS.—For 12 mos. ending June 30 1913, gross, $153,060; net,
$45,159; chges. & taxes, $28,383; div., $16,500; surplus, $275.
"
Revenue passengers carried in 1912-13, 2,583,157, against 2,506,415 in
OFFICERS.—Pres., H. H. Crapo; V.-P., E. S. Wilde; Sec., Clarence
Treas., E. F. Nicholson; Supt., Geo. P. Dole.—V. 82, p. 1438.
A. Cook;
UNION STREET RAILWAY.—A trolley road.
ORGANIZATION.—Incorporated In Massachusetts on Match 18 1887
consolidation of Acushnet St. Ry. and New BedfordA Falrhaven St.
Ry.
On Nov. 1 1910 consolidated with Dartmouth A Westport St. Ry.
as a
lN-J.Tit Guar. A Tr. Co. of Jersey City. Trus.
$83,000 of outstanding bonds
com-
1911-12.
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
latmtge $1,000,000
This
{>any
owned In
thestook
BameinInterest
as the
Union
St. Rwy.
Co.ofIn
June
1908
ssuedIs$50,000
new
exchange
for tne
$150,000
stock
the
Tautonn
A
Maplewood Tr. Co. and South Orange A Maplewood St. Ry. Co.
Stock
auth. and out., common, $75,000; preferred, $150,000,
No bonds.
(4)
'NEW-BEDFORD & ONSET STREET RY.—A trolley road.
ORGANIZATION.—Incorporated in Massachusetts in 1901.
$1,000,000
5 g J-D
.
on
NEW BEDFORD, MASS.
V. 91. P. 465. 519. 718. 1096.
STOCK AND BONDS—
Date,
Interest. Outstanding. Lastd%v..Ac
Stock. $1,625,000 (par$100)..
Q-F
$1,625,000 Aug'13, 2%
Consol mtge for $500,000, g/ 1894
5 g J-J
500,000 Jan. 2 1914
b 1, not subject to call
e*iInt. at Old Colony Trust Co., Boston, Trust.
Dividends.—In 1896-97, 10%; In 1897-98, 6%; 1898-99 to 1906-07, inol..
8% per annum; 1908 to 1912 incl., 8% per annum.
In 1913, Feb., 2%:
2%j Aug., 2%♦
ROAD.—Operates 63.92 miles (of whloh 51.09 miles are owned) In New
Bedford and adjacent towns and connects New Bedford and Fall River.
220 passenger oars; 14 freight and service cars and 14 snow plows.
EARNINGS.—For 12 mos. ending June 30 1913, gross, $959,734; net,
$406,061; chges. & taxes, $121,196; div. (8%), $130,000; surplus, $154,865.
Revenue passengers carried in 1912-13, 18,404,656, against 17,393,657
in 1911-12.
I
OFFICERS.—Pres., H. H. Crapo; V.-P., E. S. Wilde; Sec., O. 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; V. 91.
p. 465, 519, 718, 1096,
NEW HAVEN, CONN.
NEW YORK NEW HAVEN & HARTFORD RY. (Trolley lines).
The New York New Haven A Hartford's Interests in trolley lines is very
extensive, and control) originally was held through three organizations,
the Connecticut lines having been comprised in the Consolidated Ry. Co.,
subsequently merged in the New Haven (and now the Connecticut Co.).
the Massachusetts street ry. properties (except as noted below) beingh eld
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
84
:
ELECTRIC
RAILWAYS
noted below, the New Haven
company severed direct connection with the
Massachusetts
trolley lines.
Later,
however,
bonds outstanding.
basis or better, and
Massachusetts policy was
July 1910 by the N. Y.
modified and the Berkshire St.
Ry. was purchased in
N. H. & H. from the New
Eng. Invest. & Secur.
under
New
Haven's interests
following companies;
/
in
trolley properties is
now
vested in
Berkshire Street Ry.
is
enlarged company.
ORGANIZATION.—Incorporated
all owned by N. Y. N. H. A H.
In
Connecticut.
June 1 1907
Stock,
$40,000,000
began operating the lines
com¬
prising the Consolidated Ry. (merged In 1907 In the N. Y. N. H. &
H.)
Feb. 28 1910 purchased substantially all the
various street railway prop¬
erties of the N. Y. N. H. & H. in Connecticut.
On Mch. 1 1910 all the gas, water and
electrlc-llght properties formerly
operated by the Connecticut Co. were transferred to the Housatonic Pow.
Co., which company Increased Its stock from $l,000,000to $3,000,000. to
Say for
the Housatonic
acquisitions.Power
On Jan.
1 1912,
the gas-distribution
of the
Co. and
also however,
the lines supplying
electricity
nes
(not the power plants) in Waterbury, New Britain,
Greenwich, Norwalk
Naugatuck were taken over under a sub-lease for 994 years dated Oct. 1
1911 by the United Elec. Lt. & Water Co.
V. 94, p. 71; V. 93, p. 1669.
Re-financing.—In Sept. 1910 arrangements were made for
re-flnancing
the Connecticut Co., whereby the N. Y. N. H. & H. will
take care of Its
bonds as they mature, thus
ultimately leaving the Connecticut Co. free
and
V. 91, p. 870.
Lease.—The Connecticut Co. lines north from New
London to East
Thompson, 104.8 miles (comprising the New London St. Ry., the Norwich
St. Ry., the People's Tramway Co. and the Putnam &
Thompson St. Ry.),
to the Shore Line Elec. Ry.
This road is controlled by Morton F. Plant.
R. W. Perkins, Treas. & Gen. Mgr. of the Norwich &
Westerly Traction
Co., is President. .
•
The following companies have been absorbed or are
leased or controlled:
Branford Lighting A Water Co.
V. New England Navigation Co.
V.
84,
81, p. 155, 210.
Connecticut Railway A Lighting Co.
V. 83. p. 1524.
Danielson & Norwich Street Ry.
p.
Ry.
V.
V. 78, p. 989.
79, p. 268.
Hartford A Glastonbury St. Ry.
Fair Hav.A Westv RR. Y. 78,p. 989.
New Hav. A W. Haven Horse RR.
New London Street Ry. V.
79, p.268
Norwich Street Ry.
V. 79, p. 268
Putnam A Thompson Street Ry.
E.
Farmlngton
Street
Ry.
V.
69,
p.
283; V. 89, p. 593, 1542.
Greenwich Tram. Co.
V. *0, p. 118.
Shore Line El. Ry. Y. 97,
p.445, 597.
Stafford Springs Street Ry.
Stamford Street Ry.
Suffleld Street Ry.
V. 80,
Hart.Man.&Rockv.T.Co. V.82,p.280.
Hartford A MIddletown Street Ry.
Hartford Street Ry.
Merlden Electric Ry.
1052.
New Haven St. Ry.
V. 79, p. 989.
New Haven A Centreville Street
p.
Torrlng. & Win. St. Ry. V.85,p.l463
Village Water Co.
V. 80, p. 1914.
Walllngford Tramway Co.
Waterbury & Pomperaug Val. St.Ry.
Tramway Co.
V. 83, p. 1524.
West Shore Ry. Co. V. 78,
p. 989.
MIddletown Street Ry. V. 79, p. 268. Wllllmantlc
Trac. Co. V. 81, p. 1176.
Montville Street Ry.
V. 79, p. 268. Winchester Ave. Ry. V.
78, p. 989
The N. Y. N. H. & H. RR. offered to
exchange $100 of Its stock for $200
V. 79, p. 268.
of certain Issues of the Consol. Ry. Co.'s
debentures.
See V. 82, p. 803, and
V. 83, p. 1037.
$17,347,000 of debentures have been so
exchanged for
$8,673,500 N. Y. N. H.. & H. RR. stock.
See V. 84, p. 1114.
The follow¬
ing shows the details for each Issue of debentures:
Debentures of The Consolidated Railway
Company.
:
*
>
,
Issue—
:
Authorized.
July 1 '04, 50-yr., 4g J-J $5,000,000
Jan. 2 '05, 50-yr., 4g J-J
4,000,000
Aprill *05, 50-yr., 4gA-0 3,500,000
Jan. 1'06, 50-yr., 4g J-J 10,000,000
Mch.l'07, 10-yr,5%,con 15,000,000
Total
.
or
Pur.ACancel.
$5,000,000
1,691,000
2,160,000
7,989,000
5,000,000
*3,500,000
*10,000,000
5,000,000
exchangeable..$37,500,000 $27,500,000 $17,585,000
Total of all
..$38,500,000
Still Out
$745,000 a$4,255,000
4,000,000
b Feb. 1 1905, 25-yr., 3,
,
.*
3 H and 4 g F-A—1,000.000
•
Ex. for Stk.
Issued.
1,000,000
a2,309,000
al,340,000
a2,011,000
$9,915,000
.28,000
972,000
$28,500,000 $17,613,000 $10,887,000
•
Guaranteed, principal and Interest, by N. Y. N. H. & H.
RR.
These amounts cannot be increased, as
remainder of Issues has been
canceled,
ft 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.
•
a
BONDS—
-
'
Date.,
N H
& Centerville first mtgel
gold, assumed by F H & W/
1893
Interest.,
5 g M-S
,
'
'
1
'
,
Outstanding. Maturity.
$283,000 Sept. 1 1933
r
,
New Haven Street RR.Consol. mortgage
$250,000 gf 1894
5J-D
($1,000) not subj to call--c\Int. at American Tr.
Hartford St. Ry,now 1stmtgl
1900
4 g M-S
-
1
Hart Man
c«llnterest
A Rock first mtgel
$300 000 ($1,000) gold
]
MerldenHorse Railroad con-f
sol. mort.,
1894
June
1 1914
at New York Trust Co., Trustee.
5 A-O
200,000 Oct. 1 1924
;
1894
5 g
J-J
Mer South
$200,000
A
iState Treasurer
Comp 1st M g.l
($1,000) c*. call-1
1898
5 g J-J
of
Jan.
Connecticut, Trustee.
175,000
July
1 1928
Optional at 110 and interest.
J Interest at Trust Co. of America, New York.
mortgage,] 1897
5 g J-D
150,000 Dec. 1 1917
$150,000, gold..
c*ilnt. at Hurlburt Nat. Bank, Wlnsted, Conn.
Montville Street Ry first mtgel 1900
5 g M-N
250,000 May 11920
$350,000
($1,000),
gold/Interest at American Trust Co., Boston.
(cannot be called)
c*j
Greenwich
Tramway
first) 1901
5 g J-J
320,000
>
July
11931
gage,
$400,000
($1,000),/Interest at New York Trust Co., New York.
gold
^-.c»J
State Treasurer of
Connecticut, Trustee.
Midd. Horse RR 1stg ($500).. 1894
5 J-D
150,000 Dec. 11914
Portland St Ry first mortgage.. 1896
5 M-N
30,000 Nov. 1 1916
Stafford Springs St'Ry 1st M g
5 J-J
400.000 July 11956
Bonds.r—The Consolidated. Ry. debentures are
not subject to call.
All
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
the security of such
mortgager The debentures due in 1930 bear 3%
interest from Feb. 1 1905 for
flfst 5 years, 3 ^ % for next 5 years, and 4 % for
following 15 years, and were Issued to pay for
acquiring the Berkshire
....
Street
Ry. (V. 80, p. 471).which
company.was subsequently acquired by the New
England Investment & Security Co., then in turn
re-acquired by the N. Y.
N. H. & H.
The $3,500,000 debentures due
April 1 1955 were Issued to aoqulre the Hartford Street Ry.
.,Tbe $10,000,000 debentures of Jan. 1906
Issued to the N- Y. N. H. A
Hartford for advances.
Of the Worcester «& Connecticut
were
*
sinking fund
on
line
(of
mileB
cities
and
annum
on
both com.
and
pref. shares. All the stock has assented to this
Preferred shareholders agreed to
accept 4% dividends dur¬
ing the term of the lease. Instead of 5%.
V. 84, p. 507.
Pref. stock was
Issued In satisfaction of unpaid
accumulations of dividends on pref. shares
to Aug. 1 1906.
Dividends since on pref. stock have been 1
arrangement.
% each quarter.
ORGANIZATION.—-United Gas Improvement Co. of
Philadelphia holds
controlling Interest.
Originally chartered In Connecticut July 2 1895 as
the Gas Supply Co.
Charter amended and name changed March 2 1899 to
Connecticut Lighting & Power Co., for the
purpose of uniting various street
railway and light and power properties In Connecticut.
Name changed as
at present on Jan. 10 1901.
V. 71, p. 1269; V. 72,
p. 44.
It Is a consolida¬
tion of the following
companies, whose franchises are said to be perpetual:
Bridgeport Traction Co.
Norwalk & So. Norwalk El.
Light Co.
Central Ry. & El. Co. of New Brit.
Norwalk Street Railway Co.
Cheshire Street Railway Co.
Norwalk Tramway Co.
Derby Street Railway Co.
Shelton Street Railway Co.
Greenwich Gas A Electric Ltg. Co.
Southlngt'n A Plantsvllle Tramway.
Milford Street Railway Co.
Thomaston & Watertown Eleo.Ry.Oo
Naugatuck Electric Light Co.
Waterbury Traction Co.
Naugatuck Valley Electric Ry. Co.
Westport A Saugatuck Street Ry.Oo.
Norwalk Gas Light Co
STOCK AND BONDS.—
Common stock ($100)
Date.
Interest.
Pref 5 % cum after Jan 1 19041
($100)
(reduced to 4% un-1
der lease to New Hav. Co.) j
1st
Q-F 15
Outstanding.
$8,977,200
Maturity.
See text
8.142.000 Aug.'13,1%
A
ref
$15,000,000 gold) 1901
4HKJ-J
12,551,000 Jan
119*1
($1,000) sinking fund
c^JInt. at Trust Co. of Amer.. N. Y.. Trustee.
Traction
mort-f 1893
5 g J-J
706.000 July 11923
„
v.
Bridgeport
.
gage$2.000.000g($l,000)c*(Tru8tee, Fidelity Tr, Co., Newark, N.
J
(Interest at Redmond A Co., New York.
Connecticut Lighting 6b Power 1899
5
J-J
209.000 Jan
1 1939
Bonds.—Of the 1st A ref. mtge. bonds,
$915,000 reserved to retire the
Srior
bonds. but
The
remaining
was reserved
for extensions or
etterments,
under
lease to $1,534,000
the New Haven
road cannot be issued for
without consent of lessee. V. 84, p. 507. Statement to New
York Stock Exchange In V. 73, p.
852; also V. 79, p. 2745; also V. 85, p. 921.
Bonds were formerly not subject to call, but on June
23 1904 a supple¬
mental mortgage was made giving the
right to call bonds on any interest
date at 105 and Interest, and
establishing a
any purpose
sinking fund of ^ of 1 % per an¬
num on bonds
outstanding; bonds acquired by tne sinking fund are to be
kept alive and bear interest.
$584,000 bonds in sinking fund June 30 1913.
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 167.802 miles main, 69.060 miles second and 8.756
miles
side tracks;
total, 245.618 miles, reaching Milford,
Bridgeport, Stratford,
Southport, Shelton, Derby,
Ansonla,
Seymour, Westport, Saugatuck
Norwalk, South Norwalk, New Britain, Darlen and Stamford; also lines In
Naugatuck, Waterbury, &o.
System connects with the Fair Haven A
Westvllle RR. into New Haven from
Bridgeport and Derby, and company
also has a traffic contract with the Hartford Street
Ry. for reaohlng Hart¬
ford.
Gauge, 4 feet 8H inches.
35
to 95-lb. rails.
EQUIPMENT.—Total cars, 474; closed passenger. 199;
open passenger;
201; miscellaneous, 74.
Carbarns, 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 1913; rental.
$1,373,398; dividend
fund, $2,172; gross income, $1,375,570; interest, $610,545; expenses,
$1,361;
sink, fund, $62,755; dividends,
$684,804; surplus, $16,105.
OFFICERS.—Pres., R. A. C. Smith; V.-P., Walton Clark; Sec., W. F.
Douthirt; V.-P. & Treas., Lewis Lillie.
Main office, New Haven, Conn.—
V. 84,p. 390. 507, 1113, 1366; V.
85, p. 921; V. 86, p. 228.
(2) vV'cst Shore R,fiiilwfly#
*
■
,
ORGANIZATION.—Organized Dec. 15 1893.
Eastern bonds, no more will be issued.
these bonds commenced in 1908 of not to
exceed 1% of
Leased
on
Deo. 14 1895
to Winchester Ave. RR. for 99
yrs.
for int. on bonds and 5% dlv. on stook.
Lease assumed by Consolidated
Ry., which latter has since been merged
Into N. Y. N. H. A H. Road Is operated
by Connecticut Co.
STOCK AND BONDS—
Stock $200,000 ($25)
First
mortgage $30,000
subject to call-.
Date.
Interest.
Outstanding.
Maturity.
$80,000
See text
1894
,5 J-J
30,000 July 1 1914
jInt. at Merchants' Nat. Bank, New Haven
gold"!
track,
11924
Co. of Philadelphia.
able at 110 since 1903
Torr & Win first
A
of
8.754
(1) Connecticut Railway & Lighting Co.
Lease.—Leased for 999 years from
Aug. 1 1906 to the Consolidated Ry.
Co., which latter has since been merged In the N. Y. N. H. &
H. RR. Co.
Rental amounted to $975,000 for the
year 1906-07 and increases
gradually
to $1,400,000 for the
year 1914-15 and for every year thereafter.
The
common shareholders paid the Colonial
Trust Co., trustee, $10 per share
on their
stock, which, with the surplus rental received under tne
lease,
provides a fund which, it is announced, is sufficient to
pay 4%
per
ROAD.—Operates 7.42 miles of
415,000
gold,$500,000..] Interest at Glrard Trust
'
767.246
miles
miles are owned, 286.825 miles
leased and
under
trackage
rights),
serving
the
following
Cities of New Haven,.
•
250,000
Co., Boston, Trustee.
2,500,000 Sept 1 1930
$3,000,000 ($1 000) g—c*)Conn. Tr. & Safe Dep.
Co., Hartford Trusj
tee.
Interest at New York or Boston.
Hartford St Ry deben "M"... 1900
4 J-J 15
165,000 Jan. 11930
Wore & Conn East 1st M s f gf 1902
4^gJ-J
1,992,000 Jan. 11943
$3,100,000 ($1,000)
ending June 30 1913, gross
$62,078; interest
Hartford, Bridgeport, 'Waterbury, New
Britain, Merlden, New London, Norwich,
MIddletown, Stamford, South
NorWalk, Rockville, Derby, Shelton,
Ansonla, and the towns of East Haven,
Branford, North Haven, Walllngford, Hamden,
Orange, Southington,
Plainville, Farmlngton, Putnam, Thompson,
Killingly, Plainfleld, Waterford, Montville, Norwich, Lisbon,
Windham, Sprague, Grlswold, Portland,
Mlddlefleld, Cromwell, Rocky Hill, Wethersfleld, West
Hartford, Bloomfield, Windsor, Windsor Locks,
Coventry, Stafford, East Hartford, East
Windsor, South Windsor, Manchester, Vernon,
Enfield, Glastonbury,
Suffleld, Greenwich, Stratford, Milford, Huntington,
Fairfield, Westport,
Norwalk, Darlen, Naugatuck, Watertown,
Mlddlebury, Thomaston, Torrlngton, Winchester, Beacon Falls, Seymour,
Cheshire, Newlngton and
Berlin, Connecticut.
Cars operated June 30
1912,1,708 passenger and 345
freight, &c., cars; total, 2,053.
Standard gauge.
OFFICERS.—Pres., Howard Elliott; V.-Ps., Lucius S. Storrs and H. M.
Kochersperger; Sec., A. E. Clark; Asst. Sec., C. H. Hempstead;
Treas.,
A.S.May; Asst. Treas., T. F. Paradise; Aud., I. A.
May; Gen. Mgr.,
J. K. Punderford, all of New
Haven.—V. 84, p. 102, 507, 995, 1052,
1113,
1242, 1367, 1425; V. 86, p. 1285, 1467; V. 87,
p. 873; V. 91, p. 870; V.
97, p. 666.
1914.
Merlden Horse RR.
V. 79, p. 268.
Merlden Southington A Compounce
3%
other income,
471.667
towns:
company which operates the trolley lines in Connecticut
controlled by the N. Y. N. H. A H. and which
formerly were comprised In
the Consolidated Railway Co.
The latter company, the whole of whose
*10,000,000 stock was owned by the N. Y. N. H.
A H. RR. Co., was on
May 31 1907 (after It had previously taken over the New
Eng. Nav. Co.at a
valuation of $20,000,000 and Increased Its
stock to $30,000,000 for the
purpose) consolidated with and merged Into the New York New Haven &
Hartford 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 merger, and new stock of the New
Haven Co. was Issued, share for
ahare, to represent the $30,000,000 stock of the Consolidated
Railway Co.;
▼. 84, p. 1052, 1308.
It was distinctly provided that the
rights, powers
and franchises of both companies should be vested
in the
year
$1,039,154; surplus, $1,609,022.
ROAD.—Connecticut Company operates
which
the
from debt.
rentals, &c.,
operated
CONNECTICUT COMPANY.
This
EARNINGS.—Of Connecticut Co. for
$8,454,624; net, after taxes, $2,586,099;
the
N. Y. Westch. A Bost.
Rhode Island Co.
Westchester Street Ry.
a
was
V
Connecticut Company.
New York A Stamford Ry.
Bonds cannot be called, but may be
bought on
impts. or additions to property.
Original
mortgage of the Montville Street Ry. provided that bonds
might be called
In 1905 at
105, but through a supplemental
mortgage this redemption clause
eliminated, so bonds are not now subject to call.
Legislature passed in June 1910.
V. 90, p. 1612; V.
91, p. 154.
In June
1913 the Massachusetts Legislature
passed a bill over the veto of Gov. Foss
the consolidation of trolley lines in Western Massachusetts
under the name of the Consolidated Berkshire
St. Ry. and their acquisition
by the N. Y. N. H. & H.
V. 96, p. 1630, 1702.
permitting
The
xcvn.
kept alive for sink. fd. See V. 75, p. 1204. Of the Mont¬
ville St. Ry.lst mtge.
gold bonds, the balance unissued can only be issued for
66% of actual certified cost of
Act of Mass
an
[Vol.
;Standard gauge.
SHORE LINE ELECTRIC RY. (Conn.).
Organized June 6 1905 in Conn.
In Aug. 1913 the New York P. S. Com.
authorized the N. Y. N. H. & H. RR. to acquire all of the
capital stock of
the company, to be authorized by the Commission.
Has leased the New London St. Ry., the Norwich St.
Ry., the People's
Tramway Co., the Putnam & Thompson St. Ry. and the New London &
East Lyme St. Ry.
V. 96, p. 1298; V. 97, p. 445, 597.
STOCK AND
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Common, $700,000 ($100)
$700,000
Preferred, $300,000 ($100)
300,000
1st mtge, $2,O0O,OOO__
5
1907
g F-A
2,000,000 Feb
1 1937
New London St Ry first mtgel 1893
5 g A-0
150,000 Oct 2 1923
$150,000, gold
/Int. at American Trust Co., Boston.
Norwich
St Ry first mtge.l 1893
5 g A-O
350,000 Oct 2 1923
$350,000 ($1,000), gold
/Interest at American Trust Co., Boston.
M,t 1905
5 g A-O
200,000 April 1 1935
$2,000, gold ($1,000)__c*JInt. at Thames Loan & Trust Co., Norwich.
Gauge, 4 ft. 8K in.—V. 96, p. 1298; V. 97, p. 445, 597.
New Lond & E Lyme 1st
THE RHODE
ISLAND
CO.
~
The New England Navigation Co., as successor to the
Providence Se¬
curities Co;, owns all the stock of the Rhode Island Co.
ORGANIZATION.—Created In 1902 by Special Act of the Rhode Island
Legislature.
Leases the Union Railroad Co., the Pawtucket Street
Railway
Railway Co—see terms upder United
below.
The Rhode, Island Co. has
no bonds.
In
June 1907 purchased the Providence & Burrlllvllle Street
Ry., the Column
blan Street Ry. and the Woonsocket Street
Ry; companies.
V. 84, p. 1368;
In June 1911 leased the Providence A Danielson
Ry., the Seavlew RR.
and Narragansett Pier RR.—see terms under
separate companies below.
V. 92. p. 1566.
>
<
Oo. and the Rhode Island Suburban
Traction' A
Electric,
.Franchise.—On May 27
1912 entered Into an agreement
approved an issue of another $1,000,000 to pay cost of building the Becket
extension (formerly called East Lee extension).
None of the new stock is
included in the amount in the table.
with olty of
granting the company a 20-year franchise from July 1 1912
under regulations as to operations, equlp't, &o., principally mentioned In
Providence
p. 619.
STOCK AND BONDS—
Maturity.
$9,685,500 1910-11,6%
1,775,000
Outstanding.
Interest.
Date.
$100
par
Notes
'The $1,775,000 notes were
& H.
out
JuneSOJOlB and were all held by N.
Stock
Y.
347.02 miles of line, of which
88.67 miles are owned and 308.35 miles are leased.
It serves the cities of
Providence, Pawtucket, Central Falls, Woonsocket and Cranston in Rhode
Island and Danielson. Conn., and the towns of Warwick, North Provi¬
dence, East Providence, Johnston, Smlthfltld, North Smitbfleld, Burrillville, Cumberland, Lincoln,
Barrington, Coventry, Scltuate, Warren,
Bristol, East Greenwich, Foster, North Kingston, South Kingston and
Narragansett.
Its equipment consists of 907 passenger cars, 48 freight
oars and 81 miscellaneous cars: total, 1.036.
'
ROAD.—The Rhode Island Co. operates
EARNINGS.—For year end. June 30 1913, gross,
Company, chartered In
and
counties of Kent, Washington, Bristol and Provi¬
Pawtucket St. Ry. Co., and the Rhode Island
leased for 999 years from July 1 1902 to The
Suburban Ry. Co. have been
an amount of rental permitting the United Trac.
Electric, the, owper^oMhe shares of the three leasing companies, to pay
yearly fixed dfaafrgcs and dividends of 5 % on Its stock.
l6l$nd Co. for
Rhode
2
Stock
5Q-J
El Co. Prov &} 1893
5gM-S
Paw Issue, 1st (coll) mtge\lnterest at Central
Tr A
Jnlted
&
Its
Outst'd'g. Die.,Mat.,Ac.
Interest.
Date.
STOCK AND BONDS.—
June 30 1912, gross receipts, $887,78#!
$204,735; int., rentals, &c., $164,986; surplus, $39,749.
miles of line serving the city of PittaNorth Adams, Clarksburg, Adams,
Hinsdale. Lee. Stockbrldge, Great
Barrington, Egremont and Sheffield, Mass.
An extension from Lee to
Huntington, 35 miles, is under construction.
130 pass, and 33 other cars.
—V. 92, p. 955; V. 93, p. 870; V. 94, p. 205, 1117; V. 95, p. 967, 1039;
ROAD.—Owns and operates 111 .88
field and the towns of Williamstown,
Cheshire, Lanesboro, Dalton, Lenox,
Pawtucket
controls
Central Falls, and of the
V. 96, p.
(1)
000 temporary
(a) Hoosick Falls Ry.
Incorp. in 1910 to acquire that portion of the former Bennington &
Ry. lying in New York State.
On Feb. 1 1913 was leased to
the Vermont Co. and on same date was turned over to the Berkshire St.
North
Adams St.
Ry. to operate.
All the stock
operates 7.10 miles of line serving
and Hoosick Falls, N. Y.
•
PLEDGED.—The bonds are secured by the pledge of the
following securities deposited with the Central Trust Company of New
York, as trustee of the bondholders: All of the $9,000,000 capital stock of
the Union RR. of Providence, all of sfche $500,000 capital stock of the Paw¬
tucket Street Ry. (no bonds) and all of the $3,000,000 first mortgage bonds
of the Union RR. of Providence.
(These bonds matured July 1 1912 and
has applied to the R.I. Assembly for auth. to refund them with
M. bonds due Mar. 1 1933.)
Also, through
the ownership of the Union Railroad Co., $299,800 of the $300,000 capital
stock, being all but two shares, of the Providence Cable Tramway Co. (no
bonds).
The Providence Cable Tramway Co. is leased to the Union Rail¬
road Co. for 50 years for 6% on its capital stock.
company
a
new
issue of $3,000,000 1st
Traction & Electric Co. has
($5,000,000) of the Rhode Island
TREASURY SECURITIES.—The United
In its treasury the
Suburban Ry.
entire capital stock
Co.—V. 87,
p.
Bennington and Pownal),
Bennington & North Adams St. Ry. lying
Also owns the stock of the Hoosick Falls Ry.
H. & H. owned 6,500 shares of stock, $846,1st M. bonds and $59,500 notes.
being that part of the former
within the State of Vermont.
On June 30 1912 the N. Y. N.
Dividends.—Company started paying dividends with 1% In 1897.
In
1898 3% was paid;in 1899,3$*%; In 1900. 4%; In 1901. 4%: In 1902. 41*%;
1903 to 1912, incl., 5% per ann.; in 1913, Jan., 1 M%\ Apr., \M%\ July,
SECURITIES
1912.
Berkshire St. Ry. for 99 years from Feb. 1
20.85 miles of line (serving
Owns and operates
$8,000,000 Oct'13 \H%
8,894,000 Mch 1 1933
Trust Co., N. Y., Trustee.
IK%\ Oct., 1M%.
.
1088, 1627.
Vermont Company.—
Lease.—Is leased to the
J
ll.OOjpLgold
'■
net, after taxes,
int.,
699,
New Jersey, owns the Union Railroad Co. of Providence, the
Street Ry. Co. and the Rhode Island Suburban Ry. Co., and thus
the entire street railway system of the cities of Providence, Pawtucket
dence.
The Union RR. Co., the
J
EARNINGS.—For year end.
$5,322,646; net, after
United Traction & Electric,
(a)
ORGANIZATION.— United Traction A Electric
Maturity.
$4,068,100
5 g J-D
800,000 June 1 1922
($1,000)
c*JGirard Trust Co., Philadelphia, Trustee.
Berkshire Street Ry deb
1905
5 g M-S
200,000 Moh 1 1925
Hoosac
Valley
first
mort-1 1897
5 J-J
100,000 July 1 1917
gage
Jlnt. at New Eng. Tr. Co., Boston, Trustee.
Hoosao Valley ref mtge $400,-1
1904
4 g M-S
300,000 Sept 1 1924
000 gold ($1,000)
/Int. at Berkshire L. & Tr. Co., Pittsf., Trus.
PIttsf Elec St Ry 1st mtge) 1904
4 g J-J
300,000 July 1 192#
gold $300,000 ($l,000)__c*JInt. at Berkshire'!.. & Tr. Co., Pittsf., Mass.
Notes payable Aug 31 1911—
1,615,000
Bonds.—The Berkshire St. Ry. 1st M. are not subj. to call.
Int. payable
and bonds may be registered at office of N. W. Harris & Co., Boston.
The Berkshire St. Ry. deb. are guar, by Consolidated Ry. Co.
First mortgage
N. H.
taxes, $1,761,033; other income, $134,336; total income, $1,895,369;
rentals, &c., $1,229,319; surplus, $670,050.—V. 89, p. 43; V. 90, p.
1677; V. 92. p. 1566; V. 95. p. 619; V. 97. p. 667.
Outstanding.
Interest.
BONDS.—
Date.
$4,068,100 ($100)___
$800,000 gold! 1902
STOCK AND
W 95
Stock
85
ELECTRIC RAILWAYS
Sept., 1913.]
1012; V. 89, p. 105.
(b) Rhode Island Suburban Railway,—A trolley road.
ORGANIZATION.—Chartered June 2 1899 by the Legislature of the
to construct, purchase, lease or operate
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
mall In any territory where It Is authorized to do business.
Leased to
Rhode Island Co. June 30 1904
is owned by Vermont Co. Owns and
the towns of Walloomsac, North Hoosick
.
RAILWAY CO.
& H. owned entire capital stock, $27,000
$712,906 notes.
ORGANIZATION.—Chartered in New York on Aug. 3 1901 as a con¬
solidation of Port Chester St. Ry. and Larchmont Horse Ry.
On Feb. 4 1913 the P. S. Comm. auth. the issuance of $573,000 1st & ref.
M. bonds to pay notes and loans made for impts.
V. 96, p. 420.
STOCK AND BONDS.—
Date. ' Interest.
Outstanding.
Maturity.
NEW YORK & STAMFORD
On Apr. 30 1913 N. Y. N. H.
1st & ref. mtge. bonds and the
—
$500,000 In' 11-12 3%
1901
5 g A-O <
426,000 Oct 11931
_c*]lnt. at New York Trust Co., N. Y., Trustee.
First & ref mtge $2,000,0001 1908
4%
274,000 Nov 1958 1 gold
__jGuar., p. & I., by N. Y. N. H. & Hartford.
N. Y. & Stamford Ry. notes..
712,906'
EARNINGS.—For year end. June 30 1912, gross, $356,495; net after
taxes, $84,934; int., rentals, &c., $78,92.9; surplus, $6,005.
ROAD.—Operates 34.315 miles of line (of which 22.20 miles are owned,
6:794 leased and 5.321 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.
82 pass and
$500,000
Stock
$450,000 ($1,000)1
First mtge,
gold
-
9
snow-plows.
other cars and 3
V. 96, p. 420.
State of Rhode Island with power
Interest.
Date.
STOCK AND BONDS—
Stock, $5,000,000
I
Outstanding.
$5,000,000
Maturity.
4,682,000 Jan.
4 g J-J
1900
1 1950
1stmtgg.($1,000) guar.p.& !.(
Union Trust Co., Providence, Trustee.
$5,000,000. gold
c*l
Int. at office of the Ry. Co., Providence.
The United Traction & Electric Co. owns the entire capital stock and
guarantees the bonds, principal and
Interest.
Bonds.—There are reserved In the hands of the trustee $318,000 to take
and retire $247,200 5 % gold first mortgage bonds of the Pawtuxet Valley
Company and $70,000 6 % gold first mortgage bonds
Railway Company, the former Issue being guar¬
anteed, principal and Interest, by the United Traction & Electric Company,
which guarantees the payment of the Interest on the Cumberland bonds.
SECURITIES PLEDGED.—The bonds are secured by a mortgage on all
the property owned or hereafter acquired by the company, and by pledge of
the following securities: 700 shares of the Cumberland Street Ry. Co.; 3,985
shares of the Pawtuxet Valley Electric Street Ry. Co. and 5,000 shares of
the Barrington Warren & Bristol St. Ry. Co.
ROAD.—Consists of 71 miles of track.
up
Electric Street Railway
of the Cumberland Street
Danielson Railway Co.—A trolley road.
England Nav. Co. owned $913,200 stock and the
entire $600,000 1st 5s.
See New Haven report, V. 95, p. 963.
Lease.—Is leased to Rhode Island Co. for 999 yrs. from June 30 1911;
lessee to pay 1% on stock, int., taxes and all charges. V. 92, p. 1501.
STOCK AND BONDS—
Date.
Interest.
Outstanding. Maturity.
Providence &
(c)
On June 30 1912 New
Stock $1,000,000
($100)
$1,000,000
-
......
5 g M-N
600.000 May 1 1931
Industrial Tr. Co:, Providence, Trus
ROAD.—Operates from Prdvidence, R. I., to Danielson, Conn., 26.09
miles; 60-lb. T-rails; standard gauge.—V. 90, p. 447; V. 92, p. 726, 1501.
M
1st
No
(d)
s
$600,000 g ($1.000).\ 1901
f. and not callable.__ _jlnt. at
Schview Railroad.
1912 New
On June 30
entire $600,000
'
1
1
Eng. Nav. Co. owned 6,500 shares
.
#
#
of stock and
1st 5s.
to Rhode Island Co. for Int. on bonds
and 1913; 2% In 1914, 1915 and
3% in 1917, 1918 and 1919; 4% in 1920 and 1921
and 5% yearly
WESTCHESTER
ORGANIZATION.—Incorporated in New York on Dec. 1
Int., rentals,
1
&c., $7,483; deficit,
ROAD.—Operates 28.60 miles
*
STOCK AND BONDS—
Stock
First
Date.
NEW YORK WESTCHESTER
On June 30 1912 the N. Y. N. H. &
..4.."
mortgage
Outstanding. . Maturity.
$700,000
600,000 July 1 1948
1898
5 J-J
../Equitable Trust Co.. New York. Trustee
road between East Greenwich and Wake
exten. will be built to Westerly.—-V. 92, p. 726, 1501
$1,000,0001
gold ($1,000)
-
ROAD.—Operates 19.1 miles of
field.
and $5,708,000 notes.
ORGANIZATION.—Incorp. on Mar. 20 1872 and on Mar. 23 1875 went
receiver, where it continued until Jan. 14 1904, when new
Interests succeeded to control.
See V. 78, p. 343. • The franenlse to operate
In New York City was signed by Mayor McClellan on Aug. 2 1904.
V. 79,
1st M. bonds
§ate
628.
withIn
the
Dec.
New
1909
York
Public
& Port
Service
^Chester
Oomm
RR. granted
and to abandon
permission
such
to portions
consollof proposed routes of the two corporations as are not necessary to form one
It Is stated an
Narragansett Pier RR.
Westchester & Boston
On
1908
20
Nov.
company
with
Seavlew
RR.
STREET RAILWAY.
In June 1910 a law was enacted In Mass. allowing N. Y. N. H. & H. to
purchase control of this road on certain conditions—see V. 90. p 1612.
On June 30 1912 N. Y. N. H. & H. owned all thestock, the entire ($200.000) issue of debentures and the $2,040,000 notes.
£
In June 1913 the Mass. Legislature, over the veto of Gov. Foss, enacted
a law permitting the consolidation of trolley lines in Western Mass. under
the name of the Consolidated Berkshire St. Ry. and their acquisition by
the N. Y. N. H. & H.
ORGANIZATION.—Incorp, in Mass. on Juae_20 1901.
Franchise per¬
petual.
In 1906 absorbed the Hoosac ValleylSt.?Ry. through exchange of
stock.
In May 1910 took over the Plttsfleld Eleo. St. Ry., issuing $300,000
stook in exchange for stock of that company.
V. 90, p. 1295.
In Jan. 1912 Mass. RR. Comm. authorized an issue of $2,120,000 addi¬
tional stock, which is Included in amount outstanding below.
V. 94,
BERKSHIRE
p.
205; V. 93. p. 870.
April 1912 Mass. RR. Commission
In
approved the 99-year lease
Berkshire St. Ry.
Comm. authorized an Issue of $330,000
build the State line extension (V. 95, p. 1039) and in
of the
Vermont Co. to the
In Oct. 1912 the RR.
stock'to
additional
Mar. 1913
Ry.
the
to change its route
in order to connect
road and to operate its line by overhead
to New Rochelle and from Mt. Vernon to
on
May 29
trolley.
with the New Haven
Lines from New York
White Plains were put in opera¬
and July 1 1912, respectively.
V. 94, p. 1508,1627; V. 95,
1911nPub. Serv. Comm., 2d
(total auth. issue
Dist., auth. $20,100,000
$60,000,000), of which $17,200,000 were
1st M.
issued
issued in
In Apr.
additional
4
bonds, proceeds to be used for construction of main line double track
from New Rochelle 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
forthwith.
V. 93, p. 286.
$2,000,000 additional bonds were
Oct. 1912 for construction of White Plains branch. V. 95, p. 1208.
1913 the P. S. Comm. granted permission to issue $6,044,000
In Dec.
ORGANIZATION.—Is leased to Rhode Island Co. for 99 yrs. from June
1911; lessee to pay Int. on bonds and 4% on stock.
Stock, $133,800. IstM.
4s, $70,000, due Aug. 1 1916; Int. F.-A. at Rhode Island Hosp. Tr. Co.,
Prov., trustee.
Extends from Narragansett Pier to Kingston, 8H miles.
Is now operated by steam, but will be electrified and operated in connection
line.
V. 89, p. 1597.
On Jan. 19 1910
RR. was consolidated with the New York
V. 90, p 237.
Board of Estimate granted application of
continuous route on proposed
the New York & Port Chester
$356,000 for the
(e)
1121, 1765.
& BOSTON RY.—An electric road.
H. owned $4,924,800 of stock, $800,000
into the hands of a
bonds
Interest.
leased) I
Greenburg.
N. Y.—
V. 93, p. 1536; V. 94, p.
V. 90, p. 504;
tion
1501.
$14,540.",
of line (22.63 m. owned, 5.97 m.
serving city of Mt. Vernon and towns of Tarrytown, Elmsford,
White Plains, Harrison, Scarsdale. Eastchester and Mamaroneck.
P'On'jidy*26
p.
Plains &
sections, two
June 30 1912
on that date
held $160,771 Westchester St. RR. notes.
On April 24 1912 Pub. Serv.
Comm. auth. the issue of $434,000 stock and also auth. the N. Y. N. H. &
H. to acquire said stock.
On June 13 1912 P. S. Comm. auth. company to
Issue $386,000 1st 5s (M. & N.), due May 1 1942 (authorized $2,000,000).
denom. $1,000.
V. 94, p. 1765. In Oct. 1912 the Court of Appeals affirmed
an
order of the Appellate Division, 3d
Dept., awarding a mandamus
and injunction restraining the company from charging more than a 5-cent
fare between Mamaroneck and White Plains.
See also V. 93, p. 1536;
V. 94, p. 1121.
Standard gauge, 70-lb. and 107-lb. rails. Earnings for
12 mos. end. June 30 1912, gross, $240,815; net after taxes, def. $7,056;
1916;
thereafter.
V. 92,
1909 with
to the Tarrytown White
$1,000,000 capital stock, as successor
Mamaroneck Ry. sold at foreclosure (V. 89, p. 1282) in three
of which form the road of this company. V. 89, p. 1484. To
the New Haven had advanced $915,675 to the company and
Lease.—On June 30 1911 was leased
and dividends on stock of 1% In 1912
ORGANIZATION.—Incorporated In Rhode Island on July 28 1887.
STREET RR.
White Plains branch.
West. & Bost. and the
1912 the N. Y.
jointly petitioned the P. S.
former.
V. 95, p. 1746.
Westchester Northern
the name of the
Comm. to consolidate under
BONDS.—
Date.
Interest.
Outstanding.
Maturity.
($100)
$4,945,250
,
$60,000,000 goldl 1911
4 )4i J-J
21,200,000 Ju'y 1 1946
Ser 1 (see text)
Jlnt. on $ bds. in N. Y.; on £ bds. in London.
Notes (all owned by N. Y. N. H. & H.)
5,427,923
Bonds.—Remaining bonds are reserved for construction.
Par, c*.
$1,000
or
£200 and £100; r*. $1,000 and multiples.
Bonds of £200
or multiples convertible into $ coupon bonds at $4 85 per £, with adjust¬
ment of interest at current exchange rates.
Any series or not less than
$5,000 000 of one or more series red. 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.«
ROAD.—-Operates a line extending from the Harlem River about Willis
Ave., N. Y. City, to Mt. Vernon (4 tracks);
thence (a) north through
Scarsdale to White Plains (2 tracks) and (6) east through Pelham to New
Rochelle (2 tracks).
From the Harlem River to about 174th St. the rail¬
road operates under contract (granting perpetual rights—V. 93, p. 731)
over the Harlem River & Port Chester RR. (owned by the N. Y. N. H.
&
Hartford
RR. Co.).
Further extension from New Rochelle through
STOCK AND
Stock $5,000,000
First
mtge
Larchmont,
Mamaroneck and Rye to Port
Operated by electricity
crossings.
p.
501.
90-lb. rail.
Chester is to be constructed.
and has fenced-in private right of way with no grade
For description of road see V. 93, p. 346;, V. 79'
-
•
\
86
ELECTRIC RAILWAYS
OFFICERS.—Pres., Leverett S. Miller, N. Y.; V.-P., Thomas
Treas., Augustus S. May; Sec., Arthur E. Clark.—V.
D. Rhodes!
87, p. 415, 480, 936,
1421; V. 88. p. 507, 1128; V. 89, p. 1597; V.
90, p. 237, 914; V. 91, p. 337.
1161, 1630; V. 93, p. 286, 346, 731; V.
94, p. 699, 768, 1508, 1627; V. 95,
p. 48, 298,1040,1208,1746; V. 96,
p. 420, 1022, 1089.
NEW
ENGLAND INVESTMENT &
In July 1913 Sanderson &
Porter,
stock.
V. 97, p.299, 595.
mon
ORGANIZATION.—Is
of the
com¬
a
voluntary association and was organized on
the street railway
properties In Massachusetts
ormerly controlled by The Consolidated
Railway Co
V.
83,
p. 492.
New Haven Road Divests
Itself of Control,-— In Feb. 1909 the N. Y. N. H.
A H. announced to the
Massachusetts Legislature (V. 88,
p. 506) that It
had disposed of all of Its interest In
the common shares of the N. E. In v.
A Seo. Co. for cash to
Individuals and that it no longer had
any Interest In
the same, direct or
indirect; see remarks concerning the matter under
N. Y. N. H. & H. on
ajpreceding page and V. 88, p. 945.
In July 1909
Pres. Mellen of the N. x. N. H. A
H. wrote C. E. Mann, Clerk of Mass.
RR. Comm., "this
company Is no longer directly or Indirectly concerned
In the control of
any street railways In
Massachusetts," thus complying
with the Court decree that It
must divest itself of all its
holdings In street
railways In Massachusetts by July 1 1909.
See V
89, p. 163.
On July 1 1910 Mass. RR.
Comm., having auth. the N. Y. N. H. & H.
to purchase control of the
Berkshire Street Ry., the N. E. Inv. & Seo. Co.'s
June
25
1906
to
@FedFRASER