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Electric Railway
S E C T I O N
O F
C
o m m e r c ia l
TH E
& p iw A m n r ^ H M ic L E
Copyrighted in 1912 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.
Vol. 95.
E
NEW YORK, SEPTEMBER 28, 1912.
l e c t r i c
R
a i l w
a y
S e c t i o n .
T h e E lectric R a ilw a y S eotton , Issued th ree tim es a y e a r , In J a n u a ry ,
M ay an d S ep tem b er, Is fu rn ish ed without extra charge t o e v e r y ann u al su b
scrib er o f th e C om m ercia l a n d F in an cial C h ro n icle . .
T h e R a ilw a y an d In d u strial S e c tio n , Issued three tim es a y e a r o n th e last
S a tu rd a y o f F eb ru a ry , Jun e a n d O c t o b e r , Is also fu rn ish ed without extra
charge t o e v e r y C h ron icle s u b scrib e r.
T he R a ilw a y E a rn in g s S e ctio n , Issued m o n th ly , co n ta in in g th e sw orn
returns o f earnings an d exp en ses tiled each m o n th w ith th e In te r-S ta te
C om m erce C om m ission , Is likew ise fu rn ish e d without extra charge t o e v e ry
ann ual C h ron icle su b scrib er.
T h e S tate an d C ity S e c tio n , issued se m i-a n n u a lly o n th e last S a tu rd a y
o f M a y and N o v e m b e r , Is also fu rn ish ed without extra charge t o e v e r y
su bscrib er o f th e C h ron icle .
T he B ank a n d Q u o ta tio n S e c tio n , Issued m o n t h ly . Is also fu rn ish ed
without extra charge t o e v e r y su b scrib e r o f th e C h ron icle.
T h e B a n k ers’ C o n v e n tio n S e c tio n , Issued y e a r ly , g iv in g th e d e ta ile d p ro
ceed in gs o f the ann ual c o n v e n tio n o f th e A m e r ic a n B a n k ers’ A s s o c ia tio n ,
is likew ise fu rn ish ed without extra charge t o C h ron icle su bscrib ers.
T erm s fo r th e C h ron icle, In clu d in g th e s ix S u p p le m e n ts a b o v e n a m e d ,
are T e n D ollars p er ann um w ith in th e U n ited S tates, T h irte e n D ollars
(w h ich Includes p osta ge) In E u ro p e , an d $11 50 In C a n a d a .
File c o v e r s fo r th e C h ron icle are so ld a t 50 ce n ts e a ch ; p o s ta g e o n th e sam e
Is 18 c e n ts . File co v e rs fo r S u p p le m e n ts c a n b e had a t sam e p rice .
C H IC A G O O F F I C E — G eorge M . S h ep h erd , 513 M o n a d n o ck B lo c k .
L O N D O N O F F I C E — E d w a rd s & S m ith , 1 D ra p e rs’ G arden s, E .C .
W IL L IA M
B . D A N A C O M P A N Y . P u b lish e rs.
F r o n t P in e a n d D e p e y s tcr S treets,
P o s t O ffice B o x . 9 5 8 .
N ew Y o r k .
THE NEW-TYPE CAR IN AMERICAN STREET
RAILWAYS.
It is more than a coincidence that the double-deck
type of car has made its appearance simultaneously in
the streets of several of the largest cities of the United
States.
The novelty marks an alteration in a
characteristic difference of car type which has dis
tinguished the great American city street railways from
the practice in European countries. Because it em
bodies the prepayment system which British and
Continental companies seem likely to adopt in due
course as soon as some necessary readjustments are
definitely arranged, the double-decker may some day
become a familiar sight in American city streets.
The two principles go very well together in car con
struction— economy in fare taking and economy in
occupying track space. In the comparatively short
time, seven years, since the prepayment type of cars
became a commercial factor, more than 16,000 cars of
this kind have been put into service, in 138 cities.
Ill the combination of advantages of greater sim
plicity in the collection of fares, with a simultaneous
reduction ot accidents, lies the greatest asset of the
prepayment car. Large installations of cars of well
accepted standard pattern-have necessarily caused the
responsible managers of older city companies to enter
upon any new departure in car construction with
deliberation and caution. The use of the prepayment
car has now, however, become so widespread that a
comprehensive collection of experience and operation
results is possible. The Brooklyn Rapid Transit
Company's report on the chief points to be noticed in
the prepayment cars used on sixteen properties, in
thirteen cities is, therefore, peculiarly appropriate
No. 2466.
and timely, and, it may be said, is extremely valuable
for comparative purposes.
Ihe introduction and use of the double-deck car in
the United States is directly traceable to the structural
alteration of cars found most suitable for the improved
system of taking fares on the prepayment system.
The pay-as-you-enter method, as designed by two
Scotsmen and initiated by the Montreal Company
some five years ago, when it was imagined to be rather
a hazardous and courageous experiment, was found not
only to check peculation on the part of the conductor,
to the increase of the company’s revenue, but in
cidentally to give passengers greater comfort, reduce
the number of accidents and consequent claims and
facilitate the more efficient operation of the cars.
The experience of the New York Third Avenue line
under the management of Mr. Whitridge, the re
ceiver, was a triumphant demonstration of the power
of the prepayment car in helping to retrieve the
fortunes of a city electric railroad. Other companies
followed suit and the prepayment system has now with
suitable adaptation to zone fares made its way abroad.
Curiously enough, the Gateshead City Company, which
operates a suburban route outside Newcastle on the
Tyne in England, has been the first to adopt the pre
payment car as it was almost the first English com
pany to employ the large double decker, drawn by a
“ dummy” steam locomotive. Congestion in the in
terior of the American cars having been relieved by the
system, it occurred to the engineers of more than one
great American city company that congestion of cars
in busy streets might also be relieved if double-decked
cars of moderate size as restricted by the clearance limits
of the locality could be constructed so as to double
the capacity of a car without the necessity of increas
ing the train crew or incurring the cost of extra
“ bogies” and car trucks, as would be the case in the
employment of “ trailers” . The trailer, as matters
now stand, is the only serious rival to the prepay
ment “ double decker” .
There are circumstances in which the double-deck
car may be found unsuitable or unnecessary and where
the trailer may provide the best means of relieving
temporary heavy pressure of traffic. But the success
which has attended the running of the double decker
in the cities where it has been put into use during the
summer seems to foreshadow the general introduction
of the car for standard practice. Certainly it has
found favor with the public. It has justified the
hopes of the engineers of the lines which, in lack of
willingness of the car manufacturers to undertake
the building of such cars, started on their own
initiative the building of the new type of car or the
conversion of old cars in their local repair yards.
2
E L E C T R IC R A IL W A Y S
There is, consequently, much difference of detail in
the internal economy and design of these prepayment
and double-deck cars. The low-stepped centre door
is the common feature of the cars designed and put
into use respectively by the New York Railways Co.,
the Brooklyn Rapid Transit Company, the Pittsburgh
Railways Company and the St. Louis United Railways
Company. The Pittsburgh low-floor car, however,
has the important distinction of two side doors
separated by six or seven feet for entrance and exit,
respectively. A new small motor has been developed
under the.direction of the company’s officials, suitable
for carriage upon a 24 inch wheel with 3 3^ inch
clearance.
The aims of the designers of the New York Railways
car, the Hedley-Doyle car, were, according to the
former Interborough’s Chief Engineer, directed to
improvements in safety, comfort, better operation
and relief of congestion. The actual operation has
shown that dangers have been eliminated in gettingon and off cars and discomfort and inconvenience
greatly reduced for the passengers. Scientific ventila
tion and heating and suitable facilities for smokers
have been provided, while open air transit during the
entire year has been made possible, with improved and
increased seating facilities. Pedestrians crossing the
street in front of the cars are less liable to injury from
the cars by the equipment of an extremely low fender
so arranged that contact with it automatically shuts
off the power, applies emergency brakes and instantly
lowers the fender to the rails. Greater sanitation is
secured throughout and motormen and conductors
are enabled to work under better conditions in all
weathers. There is every prospect that the reduction
of congestion by the doubling practically of the carry
ing capacity per foot of street occupied will aid greatly
the municipal authorities in controlling traffic con
gestion. Financially, enhanced revenues ought speed
ily to remunerate the companies for the outlay in
curred in their energetic progressive improvement
policy.
t
The trip-by-trip record of its experimental centreentrance car maintained by the Brooklyn Rapid Transit
R R ., which is to be continued for several months,
gave in July a maximum number of 108 passengers,
of whom 58 were seated. With increasing familiarity
of crew and public, the average length of stops was
reduced in July to 2.29 seconds and the speed in
creased from 8.23 to 8.47 miles per hour.
That the experiments have proved the operation of
the new type of car to be satisfactory is apparent
from the orders put in by the various companies con
cerned for the construction of new cars. The New
York City Railways Company has already given in
structions for the building of 200 cars on the pattern
of the single low-floor stepless car, and the Brooklyn
Rapid Transit has ordered 100. The latter company
has not yet ventured on a test of the suitability of the
double-decker to its system, and, owing to the clear
ance height of bridges and trolley lines in use on some
of its lines, it would seem to be impracticable. But in
Manhattan the case is different, and the City Rail
ways Company will try out the double-decker experi
mental car for some months, as the holiday sight
seeing nature of the passenger traffic using it during
the summer does not allow a fair basis on which
to form a trustworthy estimate of its annual revenue
earning capacity or its advantages over the single
deck-type car. In any case other important con
siderations must enter into the calculations, such
[VOL. LXXXXV.
as the increase in the length of stoppage and the atti
tude of the traveling public when the first curiosity
and novelty have worn off. Its suitability will be
judged, moreover, by such local conditions as the
presence of factory and other elements characteristic
of populous districts outlying.
Pittsburgh and
Boston may find the long-haul through traffic to and
from suburban crowded residential sections more
profitable than would New York. It is probable,,
however, that the double decker has come to stay in
the last-named city for the trunk routes, where it
takes up less track capacity at cross streets than
would a close line of single cars. Boston placed
fifty cars in service in July last year. It quickly in
stalled fifty duplicates and has now ordered 75 morePhiladelphia’s first fifty led to demand for 500, and
800 more are ordered. Pittsburgh has converted
fifty of its present cars into the low-floor type and has
ordered 44 double-deck trailers, and six double deckers
equipped with motors. In St. Louis no difficulty has
been experienced on account ol the novel entrance
features and it is intended to purchase a number of
trail cars to be operated during the rush hours. Mil
waukee has embarked on a program of rebuilding
the old standard, double and wooden body cars to
suit the prepayment system and with a number of
improvements and additional features.
In efficiency of operation the figures relating to
the saving of time in stoppages vary considerably, owing
to the calculations being made on different bases ac
cording to the number of stops throughout a journey
or the enumerations made at certain fixed stopping
places. But it is an interesting fact that the average
time of passenger loading is given at Baltimore as
1.75 seconds, Boston 1.57 seconds, Cleveland 1.47
seconds, Detroit 1.73 and Washington 2.00.
While greater efficiency in operation has been ob
tained, the diminution in accidents has been a gratify
ing feature of the new-type car. Thus the four years’
experience of Cincinnati has shown, according to the
records, a noticeable decrease of accidents in boarding
and alighting and better protection for the conductor..
It was the desire to reduce accidents that specially led
the officials of the Capital Traction Company of
Washington, D. C., to introduce the pay-within sys
tem, and the comparative data collected by them
show that the relative saving of expense due to acci
dents and damages therefrom is in the following rates—
“ Pay within” cars, 1, “ pay-as-you-eriter” cars, 4.03,
old standard non prepayment, 14.8.
ELECTRIC RA IL W A Y OPERATION
ECONOMIES.
While the central station power engineer is putting
forward strong arguments to demonstrate the feasi
bility of effecting economies in the cost of power gener
ation necessary for electric railway operation, workers
in other departments of electrical science are equally
active in studying how savings may be made by a re
duction in the weight of equipment. The advance in
structural design of rolling stock has been so rapid in
the comparatively short period of the electric rail
road’s existence that considerable waste has been an
almost necessary evil, equipments having become
obsolescent in half a dozen years. The latest built
roads are furnished with cars and traction apparatus
of a sumptuous and superior technical character that
has made the earlier type employed on the previously
established lines seem old-fashioned and archaic by
comparison, though for all practical purposes the
Sept., 1912. J
E L E C T R IC R A IL W A Y S
3
usefulness of such rolling stock is far from being out forced ventilation and by a change in gear ratio. In
grown, and the possibility of a long life in service may the one case the continuous capacity of motors may be
still fairly be reckoned among the assets of its owning increased from 45 to 50 per cent of the one-hour cur
company. But the efficiency engineer is not to be rent rating to 65 to 80%, even a small amount of air
denied his prerogative of investigating every means of circulating through the motor having a surprising
saving where more and better work can be accom effect on its temperature and capacity. The system of
plished. Much of the apparatus before it is really forced ventilation employed in the pioneer single
worn out must unquestionably be consigned to the phase locomotives of the New York New Haven &
scrap heap as no longer fit for operation under the Hartford has been found so useful that it is now
conditions of the high power developed in the generat generally used, not only for locomotives but for some
ing machinery. Much may b e ‘ saved for continued motor cars on the New Haven system, the Spokane
uses through reconstruction, but it is found that & Inland Empire, the St. Clair tunnel and other
the original designs are often too clumsy and heavy lines. In the case of the change in gear ratio, where
to make it desirable that the stock should be used the armature speed can be safely increased without
in conjunction with the improved motors and cars sacrificing economy of operation, it is not uncommon
turned out from the chief workshops. There is reason to save 15 or 20 per cent on power, though the weight
for the contention that as the weights of car bodies of the motors alone cannot be changed materially.
and trucks have been reduced by the use of highIt is further being proved that economy of operation
grade materials and pressed steel shapes, the weight of can be secured by the elirriination of all useless weight
the motors and control apparatus may also be ma from control apparatus. This is effected by improved
terially lessened with the diminution of the wear and design of parts, more efficient arrangement of switches,
tear on the tracks and at the same time the trust more efficient use of resistance and the better location
worthiness of operation may be increased with less of apparatus on the car. For instance the device by
cost of inspection and incidental damage.
which 13 unit switches have been connected so as to
Here then in the reduction of weight is one of the perform the same function for which 18 had previ
items in cost which may allow play for the construc ously been used in conjunction with high-voltage
tion engineer’s faculties, provided he can ensure direct current motors has resulted in a better as well
that reliability is not impaired but rather may be as lighter control. Closer co-operation between the
enhanced. To go to the extreme and endeavor to car builders and electrical manufacturers may ac
effect an immediate saving of two or three cents a complish much in reducing to a minimum the amount
pound as some have calculated by reducing the dead of wiring under a car. Two motor equipments in
weight of a car or locomotive is poor economy, if the place of four motor equipments have been found to
consequence is the more frequent renewal of wearing- give a higher weight efficiency as well as a higher elec
parts. It is nevertheless true that in the early days trical efficiency and hence have come into favor as
of the construction of electric rolling stock, develop these advantage have reinforced the consideration of
ment was so rapid that builders and repairers were economy on the first cost of maintenance.
apt to increase weight and section, using designs un
Mr. Wynne, moreover, estimates that probably
necessarily heavy. The processes in the manufacture
5% to 10% of all the power used for propelling electric
of the machinery parts have greatly improved from
cars and trains could be saved by correct gearing. It is
the forges of the rolling mill to the lathe planing of the
becoming better appreciated that questions of motor
most delicate mouldings. As was evident from the
speed and gearing must be carefully considered in
proceedings of the International Conference for Testing- framing the estimate on which the installation of a
Materials recently held at New York, metallurgical and new system or a new line should be undertaken.
chemical scientists, whose services are employed by
Many railway systems are under the necessity of
the great railway, manufacturing and operating com
operating more cars while their generating and dis
panies, have invented and introduced higher grades
tributing systems are already loaded to their full
of material and are, day by day, producing castings
capacity. Before embarking on a large expenditure
and gear of greater tensile strength and increased
for tile supply of additional power from isolated plants
capacity for sustaining stresses in operation. Mr.
or central stations, it is the engineer’s duty to weigh
F. E. Wynne has thrown much light on what is being
well what could be done by the reduction in power
done and may be done in this direction of promoting
consumption with slow speed motors, especially in city
economies in railway operation. He has pointed out
service where there are frequent stops per mile and
to his fellow members in the American Institute of
little or no necessity for running at full speed. There
Electrical Engineers that the weight of motors is being
is much truth in the remark that high speed is too often
considerably reduced by cutting out all useless weight
assumed to be the essential element in building and
in improved designs, or by re-designing so as to dis
maintaining traffic when in reality frequent service
tribute the material where necessary for strength and
and ability to receive and deliver passengers at
effecting a reduction of weight in the whole body.
several central points in the terminals and towns
The limit in the reduction of the useless weight in a
served assures all the profitable traffic.
motor, lie thinks, has been nearly, if not already,
reached. Improvements in steel castings of recent
years have further reduced useless material by the
ELECTRIC RAILROADS AND THE FARM.
employment of thinner sections than heretofore.
Among the rapid developments taking place under
Caution is needed in the use of high-grade insulation, our eyes of the commercial application of electricity
as no great increase in capacity is to be expected, while to every-day life, its use in farm operations must be
sudden heavy loads on the motors and excessive heating reckoned as full of significance. Lack of labor and
of the entire armatures might in this particular inflict difficulty of transportation are as much causes of
injuries offsetting any advantages to be gained from a anxiety to the farmer as the uncertainties of the season
little lighter weight. Engineers have found other and inclemencies of the weather. Electricity is coming
means of saving power and increasing the output by to his aid and by all the accounts that come from.
4
E L E C T R IC R A IL W A Y S
|VOL. LXXXXY.
For the reduction of food prices in the great cities
West, South and East he is bestirring himself to take
it is becoming clearer every day that we should look
advantage of its beneficent utility. The farmer’s
to the development of the “ new agriculture” . That
strength is as the strength of two and more when he includes as a necessary corollary, or precedent condi
can summon electric power to be his help without tion, the ready supply to the farmer of implements,
excessive cost. If it can insure him a fair return on seed and live stock as raw material. In the Eastern
his capital, intelligence and personal labor, electricity manufacturing States the short haul from the inland
may be expected to become a potent instrument in pasture lands and from the sea through the advantage
re-establishing the farming vocation in public estima of ocean and water routes from domestic and foreign
lands, and the proximity of great consuming centres,
tion, greatly increasing the number of small and ought to avail for the reduction of the cost of trans
medium sized farms, and re-directing to the pursuit of portation. Ample opportunity awaits the farmer
agriculture as a pleasant livelihood the younger and who takes occasion by the hand. The electric railroad
pushing generation, who may have been discouraged chiefs, following the example of many of those directing
or turned aside by the toil it necessitated and the the agricultural departments oi the great trunk lines,
have a fruitful field before them in using the ramifica
disappointments it engendered.
The rural electric trolley and the interurban electric tions of their systems to benefit the producing farmer
railroad are effecting a noteworthy change. Maps of and the consumer alike by the distribution of live
various sections of the country recently published show stock, meat and grain.
When stock feeding for the production of meat
how State after State is becoming gridironed in prosper
ous counties with electric tracks. The Central Associa becomes a great branch of the farming industry in the
tion of Electric Railroads is particularly instructive East, the transportation of the young cattle, first to
in this respect. The Ohioan system, the Kentucky, the farm as raw material, to be manufactured in due
Iowa and Illinois network of roads, in which the course into marketable carcasses, is likely to be an
country backlands are being brought into close contact important source of freight revenue for electric roads
with the towns and great cities, are fraught with im serving agricultural and inter-urban districts. Be
mediate profit in the populous heart of the country. yond, co-terminous with or intermingled with the
But in the West, as the observers of the American “ dairying” zone should be the stock-raising and feedingElectric Railway Association noted in their recent farms, distinct, however, just as the dairy breeds of
trip from ocean to ocean, the development has been cattle need specialization from the meat-producing
equally astonishing, and in no district have there been sort. The introduction broadcast of alfalfa or similar
greater strides made than around Los Angeles and m pasturage, the cutting of the “ roughage” and grinding
the valleys of California. In all sections of the Pacific the grains for ensilage need the distribution of electric
Coast the possibilities of the adaptation of electricity power for economical operation. In the West large
to almost every conceivable purpose in farming opera 'ocal supply stations are distributing light and power
tions promise important aid in the solution of the vexed over large areas. Some of these installations provide
irrigation through pumping plants and sub-stations,
question how to reduce the high cost of living.
As the great ranches have been converted into cover districts 80 square miles in area and are capable
homesteads and thousands of acres formerly devoted to of extension, it is stated, to a radius enveloping
grain fields cut up into small farms that a man and his 200 square miles of the rich lands of the lower Sacra
family can easily cultivate by intensive methods, with mento and Upper San Joaquin valleys of California.
the aid of electricity, saving labor time and money, Reasonable rates enable the rancher and small home
California and other States cannot fail to become richer stead farmer alike to increase the production of his
with added values to property and increase in popula- land and augment his revenue by 100% and more
through the saving in time and labor alone. The
Traction interests have been foremost in familiarizing telephone is also an invaluable handmaid in the
‘
the farmer with the long-distance transmission of Western farmer’s equipment.
In the East progress has been tardy, but there are
power though irrigation in .waterless areas where
electricity could be obtained for pumping purposes many instances of individual farms in Virginia, New
and the distribution of water by hydro-electric plants Jersey, New York and Maine where electricity has
of the mountain footholds may have run them a been put to successful use. In dairying for scientific
close second and in some cases led them. As the milk production and marketing it is found a con
trollev lines have stretched out from the towns aiid venient and economical form of energy for working
market places into the country, their availability for the refrigerating plant, the cream separator, the
the carriage of farm produce has been seen to offer the cream and butter working. The electric artificial
“ milker” and even the electric “ cow groomer” are
means of profitable revenue.
The generating station company has now stepped making headway in their records at experimental
forward to take off the shoulders of the electric rail dairies of the State agricultural departments and of
road company the special work of providing power. pioneer farmers.
To furnish these farmers with the means of con
It is easv for’ the power company to adjust its power
supply of electricity to the combined needs of trac venient local transportation is the next field of opera
tion, light and domestic uses. Farm operations are tion to be explored by the electric railways in their
now following in the wake of the application of elec expansion. It has been stated, and may well be be
tricity to mining and irrigation. There is already lieved, that the money expended in wagon hauling
satisfactory evidence that more than a beginning has freight to and from freight depots of one of the largest
been made through the employment of electricity on railroad systems in New England is greater than the
the farm to remedy the exhaustion produced by the gross receipts of the railroad from its freight business.
pioneers of American farming, who, after exploiting The heavy cost and comparative slowness of this
the original fertility of the soil, when land was abundant wagon haul to and from railroads must enter largely
and cheap, have .moved to another location. A new into the ultimate price paid by the consumer for farm
era began when electric transmission made it possible produce, though it rarely receives its full recognition
to give agriculture the tendency to intensive farming, in the analysis of the various factors combined in the
not only in the West and South, where there are large final charge. The work of interurban electric roads in
areas of dormant agricultural possibilities, but in the territory tributary to steam railroads has 'greatly
Eastern States also, as has been pointed out by Mr. facilitated the local collection and distribution of
Putnam A. Bates in a paper on the subject given at traffic and is capable of great development, as is
the Boston meeting of the American Institute of evidenced by the success attending the freight service
Electrical Engineers. Much work is ready to hand of many country electric railways. In the next few
for years to come in the reclamation of worn-out farms years one may look for a branching out in this direc
and the barren lands of the Atlantic Slope by the use tion that will make present achievements appear
trivial by comparison.
and distribution of electric power.
E lectric R ailways.
SECURITIES AND REPORTS.
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.
Street and Electric Railways forcibly illustrate this inter-dependence. Such roads obviously rely for their income, and
therefore in great part for the value of their securities, upon the population and activity of the country they serve.
Hence
constant reference to our “ State and City” section will be found necessary by those wishing to purchase the stocks and bonds
of street roads. Population, assessed valuation, tax rate, total debts of the counties, cities and minor municipalities are
given at length in that publication, every one of which items is an essential fact contributing more or less to any correct
estimate of the amount of suburban travel a given road commands.
The abbreviations used in our Electric Railway statements will be found explained in a table immediately following the
mst statement in this publication.
A full Index, which shows where each railway will be found, is also given on the closing pages.
ALBANY, N. Y .
A K R O N , OHIO.
N O R T H E R N O H IO T R A C T IO N & L IG H T C O .— T r o lle y . (SeeMap, p .6 .)
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io as su cce sso r In N o v . 1902 t o
the N orthern O h io T r a c tio n C o ., h a vin g e x ch a n g e d Its secu rities lo r th e
c o m m o n and p ref. s to c k o t the la tter per term s In V . 7 5 , p . 73 3 . S h o rte st
o f c o m p a n y ’s franchises (th at In A k ro n ) expires In 1924; o f to ta l franchises
4 0 % are perp etu a l.
In 1900 to o k o v e r c o n tr o l o f th e C a n to n -A k r o n C o n so l.
R y ., and gu aran tees th a t c o m p a n y ’s $ 2 ,5 0 0 ,0 0 0 c o n s o l. 5s, p rln . a n d ln t .
V.
83, p. 435, 819 . A ls o ow n s en tire ca p ita l s t o c k o f A k ro n W a d s w o r th &
W estern T r a o . C o. an d gu aran tees Its b o n d s, prln . a n d ln t. In S e p t. 1907
N orthern O h io T ra o. ft L t . sh areholders w ere a llo w e d t o ta k e $ 1 ,0 0 0 ,0 0 0 new
s to c k a t 520 per sh are. C o m m o n s to c k listed o n N . Y . S t o c k E x ch a n g e In
M arch 1909.
In M ay 1912 p ref. an d c o m m o n s to ck h o ld e rs w ere a llo w e d t o su b scrib e
a t par fo r $ 1 ,0 4 0 ,0 0 0 new p re f. s t o c k ; s u b scrip tio n s p a y a b le In cash eith er
o n J u ly 1 1912 o r In five equa l Installm ents— J u ly 1 an d O c t . 1 1912, J a n . 1,
A p r. 1 and J u ly 1 1913.
V . 94, p a g e 1384, 1180, 417 .
N o n e o f tills n e w
s to c k Is Inclu ded In a m o u n t o u ts ta n d in g b e lo w .
STOCK A N D B O N D S Date.
Interest. O utstanding.
M atu rity .
S to c k , c o m . $ 1 0 ,0 0 0 ,0 0 0 (5 1 0 0 ) ____
3 Q -M 15 SO,000 ,0 0 0 S e p t .’ 1 2 ,1 %
Pref $ 3 ,0 0 0 ,000 ($1 00) 6 % cu m . __
Q -J
1 ,0 0 0 ,0 0 0 O c t . ’ 12, 1 H
4.U B ed & C lev 1st M , $300,-1 1895
5 g M -S
300 ,000 S e p t 1 1915
000 ($1,000);M c o v crs2 7 .4 m J In te re s t a t Cen tral T r . C o ., N . Y . , T r u s te e .
N orthern O h io T r a c tio n , m o r tf 1899
5 g J -J
2 ,700,000 J u ly 1 1919
g. $3,000,000 ($1,000) - _ c * j In terest at C entral T r u s t C o ., N . Y . , T ru stee;
l o r C itizen s’ S a v . ft T ru st C o ., C levelan d .
N orthern O h io T r a c tio n ft] 1903 4 4 5 k J -J
3 ,1 0 0 ,0 0 0 Jan 1 1933
L igh t 1st con sol ($1,000) d i n t - a t C lt. S av in gs & T r . C o ., C le v e ., trusg old , $ 7,500,000 ________ c*J
tee. o r a t F irst N a t. B a n k . N ew Y o r k .
*l<. W ads ft W est m o r tg a g e ,! 1900
5 g
See te x t
J u ly 1 1933
$500,000 guar ( $ l , 0 0 0 ) . . . f
N orthern O hio T ra c. ft L t c o ll 1009 6 Q -F
900 ,000
S ec t e x t
trust m ortg age $ l ,0 0 0 ,0 0 0 ) ln t . a t C lt. S a v . ft T ru st Co , C levelan d
($ 1.000) e ________________ J trustee, o r First N at. B a n k , N ew Y o r k .
Stock.— P ref. Is r e d ., all o r p a rt, a t 110 an d d l v ., o n a n y d lv . d a te a fte r
A p ril 1 1019.
Is pref. as t o d lv . and assets and has fu ll v o t in g p o w e r.
V . 92, p. 950; V . 95, p. 48.
Bonds.— Ot the $ 3 ,000,000 N orth ern O h io T r a c tio n b o n d s, $300,000 arc
reserved to retire th e A k . B e d . ft C lev. gen . m tg e . o f 1895
B on d s listed
on P h iladelph ia S to c k E x ch a n g e In O ct. 1901. O f th e $ 7 ,500,000 N o rth e rn
O hio T r a c tio n ft L ight co n s o ls. $3,000,000 are reserved t o retire th e N o rth .
O hio '’ fa c tio n b o n d ; and $ 1 ,4 0 0 ,0 0 0 are h eld fo r fu tu re req u irem en ts;
( . p m .000 are 5s, all o u tsta n d in g ; th e rest 4s. T h e e o l. trust m o rtg a g e
of 1909 Is secured b y d e p o s it o f $ 1 ,0 0 0 ,0 0 0 N o r. O h io T r a c . ft L t . 4s,
$700,000 C a n ton -A k ron c o n s o l. 5s an d $ 2 0 0,00 0 A k ron W a d s . & W e s t 5s.
T h ese b on d s m atu re In annual Installm ents, $100,000 y e a r ly , o n N o v . 1
1911 to 1914 an d $150,000 y e a rly 1915 to 1918; 5100,000 h a v e been retired .
S u b je c t to call a t 102 in Inverse ordqr o f n u m bers o n a n y interest d a te .
V . 8 8 . p . 823.
C A N T O N -A K R O N C O N S O L I D A T E D R A I L W A Y .
STOC K A N D B O N D S —
Dale.
Interest. Outstanding. Maturity.
Oorisol M $ 2 ,5 0 0 ,0 0 0 , g o ld .] 1900
5 g J-J
a $ l , 9 4 2 ,0 0 0 Jan 1 1 9 3 3
guar p ft 1 b y N orth O h io l in t . at C itizens S a v . & T ru s t C o ., C levelan d ,
T rao & L t ($ 1 ,0 0 0 )______c*J
tru stee, or F irst N a t. B a n k , N ew Y o r k .
O an ton -A k ron
1st m o r tg a g e ,! 1902
5 g M -S
1,150,000 M ch 1 1922
$ 2 ,0 0 0 ,0 0 0 , g ($1,000) - - c * / l n t . a t K n ic k e r b o c k e r T r . C o ., N .Y ., T ru stee
O anton-M asslllon 1st m o r t ’ g e .f 1900
5 g M -N
850 ,0 0 0 M ay 1 1 9 2 0
$1,0 0 0 ,0 0 0 , g , ($1,000) — (In te r e s t a t C leveland T ru s t C o ., tru ste e , or
l a t S ta n d a rd T ru st C o ., N ew Y o rk .
1st M Can ft N P , $ 1 ,0 0 0 ,0 0 0 ,/ 1903
5 g F -A
565,000 F e b 1 1 9 2 3
gold ( $ 1 , 0 0 0 ) ....................c * \ I n t . a t A m . L o a n ft T r . C o ., B o s to n , T ru ste e .
T u s R R 1st
M , $ 1 0 0 ,0 0 0 / 1896
6 g J -D
100,000 Ju n o 1 1910
($ 5 0 0 ), g o ld _____ __________ l i n t , a t C leveland T r . C o ., C le v e ., O ., T r u s te e .
Lake V L & I m o r t g a g e -----------------5 J-J
53,000
See te x t
a O f this a m ou n t $ 7 0 0,00 0 arc p le d g e d u n d er N . O . T . & L . c o ll, tru st
m tg e. an d $225,000 are held In treasu ry o f N o r. O h io . T r a o . & L ig h t C o.
Bonds.— O f the .52,500,000 co n s o l, b o n d s, $ 1 0 0,00 0 are reserved t o retire
th e T u sca ra w a s R R . 6s an d $ 4 5 8,00 0 are reserved fo r e x te n sio n s a n d Im
p rov em en ts a t 8 5 % o f c o s t . S . R e e d A n th o n y , B o s to n , is also tru ste e .
V . O l . p . 1628, 1765. O f the $ 2 ,0 0 0 ,0 0 0 C a n to n -A k ro n 1st m tg s ., $85 0,00 0
are reserved t o retire th e C a n ton -M asslllon b o n d s.
N either Issue Is s u b je c t
t o ca ll. T h e C a n ton -N e w P h ila d elp h ia b o n d s m a y b e ca lled as a w h o le at
105 and ln t. on 3 m on th s’ n o tice . T h e L a k e V iew L . & I . b on d s m a tu re
$2,000 an n u ally to 1910, w hen w h ole issue falls d u e .
Dividends.— P ref. s tock w as Issued In 1911 an d d iv id e n d s o f 1 )4 % q u a r.
are regu larly p a id .
D ividen ds o n c o m . w ere begu n In 1906 b y th e d e cla ra
tion o f 2 % , p a y a b le In installm ents o t )4 % fro m Ju n o 15 1906.
V . 82, p.
1213.
In 1907 2 % w as again d e cla re d , p a y a b le In q u a rte rly Installm ents
from June 15 1907. In 1908, Ju n e ) 4 % . R a te then re d u ce d and d eclared
S e p t. H%: D eo., )4 % .
In 1909, M arch, H % .
R a te then again Increased,
an d decla red Ju n e, H % ; S e p t., H % ; D e c., H % .
I n l 9 1 0 , 2 J 4 % . In 1911
3K%.
In 1912, M c h ., 1 % ; Ju n e, l % ; S e p t . , 1 % . •» P L A N T .— L in e e x te n d s fro m C levelan d th ro u gh A k r o n , C a n to n . M as
sillon an d N ew P h ilad elp h ia t o U h rlch svllle In T u scaraw as C o u n ty , w ith
bran ch es t o R a v e n n a (v ia K e n t), to W a d s w o r th (v ia B a rb e rto n ) an d t o
E a st G reen ville from M assillon. O n Jan . 1 1912, o p e r a te d 2 1 5 .7 6 m iles
o f tra ck . O w ns L a k esid e P ark In A k ro n and M eyers L a k e P a rk In C a n to n .
A lso ow n s 1,011 acres ot co a l land In N o b le C o u n ty .
R a lls, 50, 56, 70
an d 8 0 -lb . T and 7 3 -lb . g ird e r; sta n d a rd -g a u g e ; op e ra te s 300 cars an d
7 s n ow -p low s an d sw eepers. E m b ra ce s e lectrlo-lign t system s o f A k ro n
and B a rb erton .
Latest Earnings.— F or 6 m o s . e n d . Ju n e 30 1912, gross, $ 1 ,6 7 4 ,5 7 1 ; net,
a fter taxes, $72 3,74 4; ln t., $30 6,73 7; s u rp ., $41 7 ,0 0 7 . In 1910-11, gross,
$ 1 ,5 0 1 ,1 0 7 ; net, a fter taxes, $ 66 3,08 1; ln t., $31 0,42 8; s u rp ., $ 35 2,65 3.
R E P O R T .— F o r ca le n d a r years (1911 re p o rt In V . 94, p . 3 4 5 );
Gross.
Net (after Tax.) Charges. Surplus.
1911 (215.76 m lle s o f t r a c k ) . .$ 2 ,6 9 4 ,0 2 4
$ 1,201,498
$531,032
------$670,466
1910 (215.20 m iles Of t r a c k ) . .
2 .4 3 7 ,4 2 6 1 ,088,463
521 ,069
567,394
1909 (214.88 m iles o f t r a c k ) . .
2,1 7 7 ,6 4 2
987 ,5 8 5
524,066
463,519
________
1908 (2 14.05 m iles o f t r a c k ) . .
1 ,890,473
804 ,049
526,532
2 7 7 ,5 W
O u t o f th e $670,461 surplus fo r 1911 d iv id e n d s a m o u n tin g to $292,500
3 ) 4 % ) o n c o m . were p a id , le a vin g $ 37 7,96 6.
D iv id e n d s o n p re f. s to c k in
1911 (4 14%) were ch arged to p ro fit and loss.
O F F I C E R S .— P res., II. A . E v e re tt, W illo u g h b y ; O .; 1st V .- P ., W ill
C h risty, A k ron ; 2d V .- P . and G en. M g r., Chas. Currie, A k ro n ; T re a s ., J . It.
N u tt, C levelan d ; S e c ., C. F . M oore, A k ro n ; A u d ., C. H . Lahr, A k ro n .
G eneral offic e s , A k r o n .— V . 92, p . 320, 322, 527, 595, 882, 956, 1109;
V . 93, p . 1534, 1789, V . 94, p . 124, 345 , 417, 1186, 1384; V . 95, p . 4 8 , 481 .
UNITED TRACTION.— A trolley road.
T h e en tire s to c k o f this c o m p a n y Is o w n e d b y T h e D elaw are ft H u d son
C o. V . 81, p . 1552; V . 8 2 , p . 160. T h e D . & I I . also ow ns the T r o y ft
N ew E n gla n d an d the P la ttsb u rgh T r a c t io n , an d has a cq u ire d a h alf lute'e^>
In th e S c h e n e c ta d y R y ., th e N e w Y o r k S ta te R a ilw a y s o w n in g th e oth er
h a lf.
O R G A N I Z A T I O N .— C h artered D e c . 30 1899 as a c o n s o lid a tio n o f the
A lb a n y R y . (ch a rte re d In 1 8 6 3 ), th e W a te r v lle t T u rn p ik e an d R R . (ch a r
tered In 1828) and th e T r o y C ity R y . (ch a rte re d Ja n . 31 186 0).
S ee V . 69.
p . 1147, 1300: V . 7 0 , p . 7 7 .
H as c o n t r a c t w ith H u d so n R iv e r E le c tr ic C o.
o f A lb a n y fo r s u p p ly o f p o w e r. V . 69, p . 541 , 909 . T h e C a pitol R v . was
org a n ize d M ay 1 1891 to secure fra n ch ise righ ts on certain streets in A lb A n v ,
T h e U n ite d T r a c tio n leases these rig h ts. F r a n c h i s e s In T r o y an d A lb a n y ,
e x c e p t th a t o f the C a p itol R y . on D elaw are A v e . (a short line on the
ou tsk irts o f A lb a n y ), w h ich exp ires A u g . 8 1951, are p e r p e tu a l.
V . 79,
p . 2 6 9 8 . H as t r a ffic a greem en ts w ith A lb a n y S o u th e rn R R .. S c h e n e c ta d y
R a ilw a y C o . a n d H u d so n V a lle y R a ilw a y C o ., b y w h ich cars o f th e firs';
t w o road s are ru n Into A lb a n y , an d cars o f th e S c h e n e c ta d y R y . C o. an d
H u d so n V a lle y R y . C o . are run Into T r o y .
T h e C oh oes C ity R y . w as sold a t fo re clo s u re In 1904 and re o rga n ized as
C oh oes R y . C o ., w ith $120,000 s to c k an d $ 8 4 ,0 0 0 b o n d s: $ 1 1 9,10 0 o f th e
s to c k an d all o f th e b o n d s o f the n ew c o m p a n y are d e p o s ite d w ith th e C entral
T ru s t C o. o f N ew Y o r k as se cu rity fo r b o n d s o f th e A lb a n y R y .
Fare Decision.— O n M a y 9 1911 th e C ou rt o f A p p e a ls a t A lb a n y a ffirm ed
a ru lin g th a t th e 6 -c e n t-fa r c ch a rg e d b y th e C oh oes R y . b e tw e e n R en sselaer
a n d A lb a n y m u st be re d u ce d t o 5 c e n ts . V . 92, p . 1312.
Acquisition of Hudson Valley.— In D e c. 1906 a cq u ire d a m a jo r ity o f the
s to c k an d b o n d s o f th e H u d son V a lle y R y . C o ., an d increa sed Its ow n
s to c k fro m $ 5 ,0 0 0 ,0 0 0 to $ 1 2 ,5 0 0 ,0 0 0 t o fin a n ce th e p u rch a se. V . 84, p. 52.
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Last dlv.,&c
4 J-J
$1 2 ,5 0 0 ,0 0 0 J u ly T 2 , 2 %
S t o c k (p a r $100) $ 1 2 .5 0 0 ,0 0 0 .............
D e b e n tu re s, $ 4 5 8 ,0 0 0 , g o ld ] 1901 4 14 g M -N
4 56 ,000 M ay 1 1 9 1 9
( $ 1 . 0 0 0 ) -----------------------------r / l n t . a t N a t. C o m m e rcia l B a n k , A lb a n y .
Cons m o r t, $ 0 ,5 0 0 ,0 0 0 , g o ld ] 1904 4 M g J -D
2 ,5 8 8 ,0 0 0 Jun e 1 2004
( $ 1 . 0 0 0 ) ---------------------------c * ( I n t . a t C en tral T ru s t C o ., N . Y . . T ru stee.
Bonds.— O f th e co n s o l, m tg e . o f 1904, $ 3 ,9 1 2 ,0 0 0 Is r e s e rv e d t o retire prior
liens. N o sk. fd . an d b o n d s are n o t s u b je c t to ca ll.
D ir e c to rs m a y fix rate o f
In terest, b u t n o t e x c e e d in g 6 % ; presen t Issue Is a t 4 yj %. T h e d eb en tu res
m a y b e ca lled o n a n y Interest d a te o n th ree m o n th s ’ n o t ic e a t “ a 5 % Interest
rate fo r th e u n exp ired term as c a lcu la te d In sta n d a rd Interest t a b le s ."
V . 73, p . 1113.
S E C U R IT IE S O F A L B A N Y R A I L W A Y .
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
M aturity.
F ifth m o r tg a g e .............................. 1888
5 M -S
$32 ,000 S ep t 1 1913
C on sol M ($ 5 0 0 ,0 0 0 ), g o ld ] 1890
5 g J-J
428 ,000 Jan 1 1 9 3 0
( $ 1 ,0 0 0 ) _________________ c* (
Interest a t C en tral T ru s t C o . , N ew Y o r k .
G eneral m o r tg a g e , $ 7 5 0 ,0 0 0 ,] 1897
5 g J -D
496 ,000 Jun e 1 1947
g o ld _________________________ J Central T ru s t C o ., N ew Y o r k , T ru stee.
Leased line securities—
W a t T ft R R —
;
1889 6 M -N
350 ,000 M ay 1 1919
1st M ln t g u a r _____________ (B o s to n S afe D e p . & T r . C o ., B o s to n , T r
2nd M , p ft ln t g u a r _______l 1890 8 M -N
150,000 M ay 1 1 9 1 9
(M e tro p o lita n T ru s t C o ., N . Y . , T ru stee.
T h e A lb a n y R y . g e n . m o r t. o f 1897 w as fo r $ 7 5 0 ,0 0 0 , o f w h ich $254,000
w as re se rve d , b u t c o n s o lid a tio n m akes re serva tion In o p e ra tive .
S E C U R IT IE S O F T R O Y C IT Y R A IL W A Y .
Date.
Interest.
Outstanding.
M aturity.
T r o y C ity 1st c o n M ,g , $ 2 .-]
1892
5 g A -O
$ 2 ,000,000 O ct 1 1 9 4 2
000 ,000 ........ ..............c * ftr /T n te r e s t p aid b y T r u s te e . C entral T ru st C o .N .Y .
T h e T r o y C ity leased road s Inclu de T r o y & C o h o e s, s to c k $ 5 0 ,0 0 0 , d i v i
d e n d s u n d er lease 7 % ; L a n sln g b u rg ft C o h o e s, s t o c k $ 1 5 ,0 0 0 , d iv id e n d s
u n d e r lease, 7 % . T h e W a te r fo r d ft C oh oes R R
$25 ,000 s to c k receives
7 % y e a r ly u n d e r lease.
D I V I D E N D S .— F irst q u a rte rly d iv id e n d , 1 X % , w as paid M ay 1, 190 0;
sam e rate co n tin u e d up to and In clu d in g J u ly 1905. For y e a r 1906 5 ) 4 %
w as p a id . O n D e c . 31 1906 s t o c k w a s Increased fro m $ 5 ,0 0 0 ,0 0 0 t o $ 1 2 ,5 0 0 ,o o o and d iv id e n d s m ade sem i-an n u al (J-J) and 2 ) 4 % paid J u ly 1 1907,
2 X
A % J a n . 1 1908 and 2 % each six m on th s sin ce t o an d tn c l. J u ly 1912.
R O A D .— O perates 100.82 m iles o f tr a c k , o f w h ich 8 1 .9 5 m . o w n e d , c o n
n e ctin g A lb a n y , T r o y , C oh oes, R en sselaer, W a t e r v lle t , L a n s ln g b u r g , G reen
Is la n d . W a t e r fo r d , & c.
H as 448 cars, In clu d in g 15 s n o w -p lo w s , 9 sw eepers
and 12 s ervice cars. S tan d ard ga u g e.
.
ANNUAL REPORT
Y e a rs e n d in g D e c. 31
1911.
1910.
1911.
1910.
G ross e a r n s ..$ 2 ,3 3 2 ,3 7 8 $2,1 9 7 ,2 2 8 T o ta l n e t -------$ 1 ,065,051 $ 1 ,034,989
O p cr.e x p e n s e s 1 ,485,837
1,371,465 ChgS. ft ta x e s
564 ,260
534,223
N e t ___________
846,541
825,763 D lv . ( 4 % ) . . .
5 00 ,000
500 ,000
O th er I n c o m e .
2 1 8 ,5 1 0
209,226 B a l., s u r p lu s .
791
766
O F F I C E R S .— P res., L . F . L o re e , N . Y .; V .- P . . C. S . Sim s; V . - P . . W . H .
W illia m s, N . Y . ; A s s t, t o P re s., W . B . S ch o fie ld ; S e c . & A u d ., W . H . E ld e r ;
T r e a s ., II. F . A th e r to n , A lb a n y : A c t . G en . M g r., Jam es F . H a m ilto n .
P rin cip a l o ffic e , A lb a n y .— V . 83, p . 1381; V . 84, p . 932, 1368, 1429; V . 92,
p . 1312.
(1) H u d so n V alley R a ilw a y .— A tr o lle y r o a d .
In D e c . 1906 a m a jo r ity o f th e s to c k and b o n d s w as a cq u ire d b y th e
U n ite d T r a c tio n Co o f A lb a n y . V . 8 4 . p . 51.
O R G A N I Z A T I O N .— I n c o r p o r a te d A u g . 14 1901 as a co n s o lid a tio n o f th e
G lens Falls, S a n d y H ill ft F o rt Fldward S treet R y .. W arren C o u n ty E lectric
R y .. S tillw ater & M ech an lcvllle Street R y .. G reen w ich & S ch u y lerv llle
S tre e t R y . C o ., S a ra to g a T r a c tio n C o ., an d S a ra to g a N o rth e rn R y ., th e
ca p ita l sto ck o f these roads b ein g ex ch a n g e d fo r s to ck In the new c o m p a n y .
See “ C h ro n icle ,” V . 73. p . 391 . Carries fre ig h t and express as w ell as
passengers. 8 0 % p rivate right o f w a y . Franchises arc all p e rp etu a l.
O w ns all the s to ck ($200,000) and all the b o n d s ($200,000) o f th e N orth
R iv e r R y ., a ro a d o p e ra te d In Saratoga b y this c o m p a n y .
In 1906 part o f th e co n s o l. 5s w ere c o n v e r te d Into d e b e n tu re s In a c c o r
d a n ce w ith a plan fo r th e re -a d ju stm e n t o f the c o m p a n y ’s fin a n ces. V . 8 2 ,
p . 1040. In M arch 1906 a u th o rize d $ 2 ,5 0 0 ,0 0 0 p referred s to c k t o p r o v id e
fo r th e co n v e r tib le fe a tu re o f th e d e b e n tu re ” B s .
V . 8 2 , p .7 5 1 .
7
ELECTRIC RAILWAYS
S e p t ., 19 1 2 .]
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity
Common, $3,OOO,000, par $ 1 0 0 ...........................
$3,000,000
...............
Preferred ($2,300,000 ( s e e l ____
_________ See text.
-----------text), 5% non-cumulatlvej
First consolidated mortgage) 1001 5 g ,T-J
2,222,000 July 1 1051
$4,000,000 (denomination /Interest at Manufacturers’ Nat. Bank, Troy
$1,000 gold)
__ _c*J May be called at 110 & lut. on any lnt. date.
Deb. " A ” Income $700,000-.- 1006
5g
474,000 Jan 11051
Deb. “ B” Income $2,500,000. 1006
2e
2,600,000 Jan 11051
Underlying Liens —
„
G F S H * F E 1st M (no opt)] 1801
6 J-J
100,000 See text
($500 and SI,000) g o ld .. .c/Central Trust Co.. New York. Trustee,
do 2d M ($500) gold-.c.J 1803
6J-J
50,000 July 11013
lin t, at Merchants’ Nat. Bank, Glens Falls.
do 3d M ($150,000)__ ] 1001
6A-O
82,000 April 1 1021
/May be called at 100
Still & Mech first m ortgage../ 1803
6A-O
47,500 April 1 1013
•
t Bankers’ Trust Co., New York, Trustee,
do
do
consol mtge] 1808
6 A-O
202.500 April 1 1013
$250.000..
— -----------/Glens Falls Trust Co., Glens Falls. Trustee.
Bonds. — Of the $4,000,000 mortgage of 1001, $482,000 Is set aside for
prior liens and $1,200,000 have been deposited as collateral for temporary
loans. The debenture “ B” bonds arc convertible Into preferred stock to
March 1 1017, Inclusive. Interest on the debenture “ A ” and “ B” bonds Is
neither cumulative nor obligatory. No Interest has been paid on either
class. The G. F. S. II. & F. E. 1st M. fell due July 1 1011, but was ex
tended for one year. To be replaced by like amount of consol. M. bonds.
REPORT.— For fiscal year ending Deo. 31 1011, gross, $622,228: net
$220,243; other Income, $2.171- fixed charges, $281,885; deficit, $53,471.
ROAD.— Main line extends from Troy northward along the Hud
son through the villages and towns of Waterford, Mechanlcvllle, Still
water, Schuylervllle, Thomson, Fort Edward, Sandy Hill, Glens Falls
and Caldwell to Warrensburg. The Saratoga Division, which branches off
the main line at Mechanlcvllle. 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. Ralls, T, girder and grooved, 48 to 141 lbs. Stand
ard gauge. Operates 94 passenger cars, 7 snow plows, 2 electric loco
motives and 7 express cars. Company owns Kaydeross Park, at Saratoga
Lake; Ondtuva Park, between Greenwich and Thompson.— V. 89, p. 286.
A L B IA , IO W A 7
ALB1A INTERURBAN RAILW AY.
ORGANIZATION.— Incorp. In Iowa In 1907. Has acquired Albla Elec.
Lt. & Pow. Co. Docs electric lighting, power and steam-heating business In
Albla. Franchises expire In 1931 and 1932. Road on private right of way
except In Albla.
STOCK AND BONDS—
Date. Interest.
Outstanding.
M aturity.
Stock $250,000 ($100) i ___________
_______
$202,000 __________
First M $300,000 gold ($100,1 1910
6 g J-D
202,000 See text.
$500 and $1,000).............. c/Interost In New York or Albla.
Bonds .— First mtgo. bonds aro subject to call after June 1 1913 at 101
and lnt. They mature serially from June 1 1913 to 1930 Incl. V. 93, p. 408
EARNINGS.— For 12 months ending May 31 1912, gross, $66,021; net,
after taxes, $23,847: lnt., &c., $12,783; surplus, $11,064.
ROAD.— Owns 10 miles of road from Albla to Hocking and to Illteman.
An extension of 8 K miles to Buxton Is under construction.
OFFICERS.—-Pres., L. T. Richmond, Albla; V.-P.. C. A. Ross; Sec.,
Calvin Manning; Trcas. & Gen. Mgr., E. C. Manning, Albla.— V. 93, p. 408.
ALLENTOW N, PA.
A 2,000-ft. bridge between Allentown and South Allentown Is to be buIR
by the controlled Allentown S
c South Allentown Bridge Co.
OFFICERS.— Pres., R. P. Stevens; V.-P., II. C. Trlxler; Sec. and
Treas., Chas. N. Wagner; Aud., C. M. Walter.— V. 90, p. 849, 1171. 1363,
1676; V. 91, p. 154, 716. 1025. 1096, 1328. 1574, 1629: V 92. p. 187. 523,
725, 882; V. 93, p. 871, 940, 1022, 1725, 1786; V. 94, p. 698, 982, 1186, 1383;
V. 95, p. 47, 750.
ALLENTOWN & READING TRACTION CO.— A trolley road.
In June 1912 lt was understood that a bill had been filed In U. S. District
Court by a stockholder of the Kutztown S
cFleetwood St. Ry. asking for a
receiver.
ORGANIZATION.— Incorporated April 25 1898, and leased the Allen
town Sc Reading Electric Street Ry. for 290 years from June 4 189*. On
Feb. 6 1902 leased for 290 years the Kutztown & Fleetwood Street R y.
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
STOCK AND BONDS.
Date.
Interest. Outstanding.
M aturity.
Stock, $750,000, $50..............
_ . _______
$250,000
.............
First mortgage, $250,000,1 1900 5 g J-J
250.000 July 11930
gold, $100, $500 and $1,000/Interest at Fidelity Trust Co.. Phlla., Trustee
First M Kutztown* Fleetw’d] 1902 5 g J-J
2 0 0 , 0 0 0 Jan
11932
$2 0 0 ,0 0 0 , guaranteed p & 1/
First consol mtge $750,000] 1902 5 g J-J
300,000 July 11932
gold ($500 & $1 .000)..c& r/In t.a t Integ.Tltle In s.* Tr.Co..Phlla..Trus.
Loans and notes payable June 30 1909 . __
_
73.476 __________
Bonds .— Of the $750,000 of new consols, $450,000 are reserved to retire
prior liens. They are subject to call at par after July 1 1917; no sinking
fund. The first moitgage bonds are redeemable ai par
EARNINGS.— For year ending June 30 1911, gross, $166,320; net, after
taxes, $90,788; lnt., rentals, Ac., $70,465; surplus, $20,323.
ROAD.— Operates 39.60 miles main line, 7.50 miles sluings—total. 47.10
miles; 43 cars.
OFFICERS.— Pres., H. E. Ahr-ns, Reading. V.-P., H. P Roeper,
Reading; Sec., S. K. Hoffman, Hamburg Treas.. Geo. B. Schaffer, Reading:
Supt.. W. J. Bear. Kuntztown.— V. 81, p. 1402 V. 82. p. 216.
A L L IA N C E , OHIO.
STARK ELECTRIC R R —An electric railro d.
ORGANIZATION.— Incorporated 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.
M aturity.
Stock $1,500,000 ($100)....................
Q-J
$1,250,000 A pr.’ 12,
First mort. $1,000,000 gold] 1903
5 g J-J
969.000 Jan. 1 1928
($1,000) sinking fund, call-fCitizens’ Sav & Tr. Co., Cleveland, Trustee.
able at 105---------------------cjln t. 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. $31,000 have been retired.
Dividends.— First dlv., % % . paid July 1908; % % has been paid quar.
since to and Including Apr. 1912.
In April 1910 also a stock dividend of
25%. V 90. p. 448, 700.
EARNINGS.— For calendar year 1911, gross, $260,582; net, $140,017.
In 1910, gross, $254,419; net, $144,717.
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. girder rails. Total mileage, Including double track, 36 miles. An
extension from Alliance to Marlborough and New Baltimore and eventually
to Akron Is proposed.
OFFICERS.— Pres., C. R. Morley, Cleveland: V .-P .. David Morlson;
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.
LEHIGH VALLEY TRANSITCO.— A trolley road. (.See map on page 8 )
AN DERSO N. IN D .
ORGANIZATION.— Incorporated In Pennsylvania on Nov. 3 1905 and
Is a reorganization under foreclosure of the Lehigh Valley Traction Go., the
UN IO N T R A C T I O N CO. OF I N D I A N A — A trolley road.
Philadelphia & Lehigh Valley Traction Co., the Allentown & Slatlngton and
ORGANIZATION.— Incorp. on May 13 1912 as a consolidation of the
the Coplay Egypt & Ironton Street R y.. as per plan In V. 79, p 733. 1462. old Union Trac. Co. of Indiana (Incorp. May 28 1903) and the Indiana
In Oct. 1911 purchased the Montgomery Trac. Co. (V. 93, p. 940), all of Union Trac. Co. (Incorp. June 9 1903) per plan In V. 94, p. 1119, 1185,
whose bonds and stock are deposited under the Lehigh Val. Transit 1st & and as a result of which capital was materially reduced. The Indiana Union
ref. mtge. of 1910. Franchises perpetual.
Trac. Co. had previously acquired the Indiana Northern Trac. Co. (V. 81,
Under agreement made In July 1907 cars of the Lehigh Valley Transit p. 1848), Muncle & Union City Trac. Co. (V. 83, p. 96) and Muncle llartf.
has Its Philadelphia terminal In the Philadelphia Rapid Transit station & Ft. W. Ry. (V. 82, p. 805, 869, 1041). The latter company was also
at Chestnut III11. V. 85, p. 99. Has started through trolley freight service leased to the Indiana Union Trac. at a rental (In addition to operating
between Allentown and Philadelphia. V. 91, p. 716.
exp., lnt, on bonds, &c.( equivalent to 5% on Mun. llartf. & Ft. W. Ry.
Owns the following stocks and leases:
$500,000 cum. pref. stock. V. 83, p. 96. The old Union Trac. Co.of Indiana
C clj) •stock,, was a consolidation of the Union Trac. Co. of Indiana (Incorp. In June 1899)
Name of Company —
Owned. Total Issue and the Indianapolis Northern Trac. Co. (Incorp. In April 1902).
Allentown Electric Light & Power Co. (common)_______$150,000$150,000
The Indianapolis Northern Traction assumed payment of prln. and Int. of
do
do
do
do
(preferred) ____ 10,000
150,000 half ($200,000( of the bonds on the Broad Ripple Traction Co. (see under
Allentown Sc South Allentown Bridge Co_____________
8,010
8,010 Indianapolis(, and also half of the Interest of the remaining $200,000 bond
Einaus Electric Light Sc Power Co___________ _______ All
(?)
for 10 years from May 1 1902. See V. 78, p. 1167.
Quakertown Traction Co...........................
275,000300,000
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Slatlngton Power Co_________________________
50,000
50,000 Common $5,000,000_________ _____
_______
$5,000,000 ---------------Rlttersvllle Hotel Co......................
100,000
100,000 First pf $1,000,000 5% c u m . . ___
A-O
1,000,000 .....................
Lease of Bethlehem* Nazareth Passenger Railway Co.; lease Is for 999 2d pref $3,000,000 (see text)______
J-J 10
3,000,000 .....................
years at 5 % on stock and bonds.
Ind Un Trac 1st M $5,000,000] 1903 5 g A-O
1,435,000 July 1 1933
Lease of Quakertown Trac. for $15,000 per annum. In 1911 offer of
($1,000) g o l d ___________ /interest at Girard Trust Co., Pnlla., Trustee.
Lehigh Valiev Trans. Co. to acquire Quakertown Trac. bonds was accepted Union Trac Co of Ind 1st gen] 1899 5 g J-J
4,554,000 July 1 1919
by all but $40,300 of the bonds. V. 91, p. 716, 1096; V. 92, p. 323, 528,
M$5,000,000 g($l,000)c& r*/lnt. at Trust Co. of Amer., N. Y ., Trustee.
660, 882.
Citizens’ St Ry (Mun) 1st Ml 1897 6 g J-D
106,000 Dec 1 1927
By ownership of a majority of stock of Allentown Elec. Lt. & Power Co.,
$250,000 sf subj to call 1 0 5 ./Interest at Guar. Trust & Safe Deposit Co.
It controls the business of the following light, heat and power companies:
($500 and $1,000)______c*J Philadelphia, Trustee.
Allentown Electric Light & Power Co.
Marlon City 1st M $400,000] 1895
6 g M-N
343,000 May 1 1915
Bethlehem Electric Light Co.
1Leased to the Allentown Electric
gold ($1,000).................... C) Interest at Trust Co. of America., N. Y.
South Bethlehem Elec. Light Co.J Light A Tower Co.
Indianapolis North Trac 1st] 1902 5 g J-J
5,000,000 July 1 1932
Citizens’ Elec. Light. Heating Sc Power Co. of Slatlngton and Walnutport.
mtge $5,000,000 g ($1,000) /Interest at Trust Co. of America, New York,
guar p * I by Un T rac--c*j Trustee.
STOCK AND BONDS—_ Date.
Interest. Outstanding.
M aturity.
___ $2,997,350
Common, $3,000,000. par $50. — .
Indiana North Trac first mtgel 1903
5 g A-O
500,000 Oct 1 1933
Preferred, $5,000,000. par $501 ----M-N
$500,000 gold ($100, $500/Interest at Trenton (N. J.) Trust & Safe
4.979,687 May ’ 12,1%
and $1,000) guar_______c*J Deposit Co., Trustee.
5% , cum. after Nov 3 1910/
First mortgage, $5,000,000] 1905 4-5 g M-S
5%
5,000,000See text
4,957,000 Dec 1 1935 M H & Ft W pref stock cu m .--------gold $1 ,0 0 0 ) .......... ........... c/Guaranty Trust Co ., New York, Trustee.
M II & Ft W first mtge $1,-1 1905 5 g J-J
960,000 Jan 1 1935
Consol mortgage, $7,500,000,] 1905 4-5 g J D
000,000 gold ($1.000)__ c*J Int. at Guard. Sav.& Tr.Co.,Cleye., Trustee.
3____
54,000 Dec 1 1935
gold ($1,000)-------------------I Lehigh Valley Tr. & S. D. Co., Allentown,Tr.
Muncle & Un C M $925,000] 1906 5 g J-J
925,000 July 1 1936
Ref Sc Imp. mtge $15,000,0001 1910 5 g J-D
3,879,000 June 1 1960
guaranteed gold ($l,000)c* jln t. at Fidelity Trust Co., Phlla., Trustee.
g ($500 and $1,000)___ o*/Lehlgh Val. Tr. Sc S. D. Co., Allentown, trus.
STOCK.— Dlvs. on 2d pref. stock are cum. from 1% semi-annually In
1913, scaling upward to 3% semi-annually In July 1918 and thereafter.
Beth & Nazar St Ry stock----- ---------------150,000 5 % guar
Bonds. — Of the Ind. U. Trac. bonds of 1903, $3,380,000 were reserved
Bonds .............................................
5 M-N
150,000 May 1 1929
for extens. and lmpts., but under terms of consolidation agreement of 1912
Allent S
cS Allent Bridge m t g l ------ 5%
225,000 - ................ ...........
($1,000) ---------- -------------/Guar. p. S
c 1. by Lehigh Valley Transit Co. these bonds have been canceled. Of the $1,435,000 outstanding, $563,000
Bonds. —Of the $5,000,000 first mtge., $2,770,000 bear 4% Interest and are owned by the company, of which $500,000 pledged to secure a loan;
arc all out and $2,230,000 are 5s. $43,000 of these bonds are reserved to besides the amount out, $185,000 have been retired by the sinking fund.
tako up the $40,300 Quakertown Trac. bonds still out. Sec V. 82, p. 628. Sinking fund, 1,K% per annum of outstanding bonds, became operative
Interest at Brown Bros. & Co., Philadelphia. The first mtge. bonds are on July 1 1904. Fund Is to be Invested In the bonds at not above 105 and
redeemable on any Interest date, the 4s at 105 and the 5s at 110. Of the Int., and bonds may be drawn at 105 and lnt. on any lnt. date. Remaining
consols $2,500,000 4s were outstanding but $2,146,000 have been exchanged Union Trac. Co. of Ind. gen. M. bonds are reserved for underlying bonds.
for ref. Sc Improv. bonds. Int. on the consol, bonds Is payable at the com See V. 71, p. 1013. Bonds arc listed on Phlla. Stock Exch. The Indiana
pany’s office or at office of Brown Bros. & Co., Philadelphia. These bonds Northern Trac. bonds are subject to call at 105 and lnt. on six weeks’ notice.
aro not subject to call. Of the $15,000,000 ref. Sc Improv. bonds $5,000,000 They are guar., p. & 1., by Ind. Un. Trac. Co. V. 82. p. 805. The Muncle
are reserved to retire 1st M. bonds; $569,000 for consol, mtge. bonds Hartford & Ft. Wayne bonds can be called Jan. 1 1925, or after, at par. A
($354,000 to take up bonds shown In table and rest for bonds previously sinking fund on those bonds of 2 Yi % of gross earns, per ann. began July 1
taken up); $5,4 51,000 for additions, betterments and Improvements, and 1905. See V. 80, p. 1059. $40,000 have been retired. The Mun. .& Union
$101,000 for general purposes. Bonds are red. at 105 and lnt. on or before City bonds are subj. to call at 105 and guar., p. & 1., by Ind. Un. Trac.
Juno 1 1920 and at 110 and lnt. thereafter. V. 92, p. 187; V. 94, p. 698, 982;
REPORT.— Of combined properties for cal. year 1911 was: Gross, $2,
V. 95, i>. 750. Int. Is payable In Allentown or at office of Brown Bros. S
c 295,798; net, $1,042,205. In 1910, gross, $2,364,628: net, $1,125,314.
Co.. Phlla.
ROAD.— Besides the city lines In Marlon, Anderson, Muncle, and
Dividends.— Initial dlv. on pref., 1%, paid Nov. 10 1911. In 1912,
Elwood, owns an lnterurban road from Anderson (via Llnwood, Alex
May, 1%.
andria, Summltvllle. Falrmount, Jonesboro, Gas City and Soldiers’
Latest Earnings.— For 12 mos. ending June 30 1912, pass, receipts,
Home) to Marlon, with a branch from Alexandria (via Orestes and Dundee)
$1,209,916; other Inc., $226,804; total Income, $1,436,720; net, $806,763; to Elwood, and from Elwood to Tipton: also an lnterurban line from
fixed charges, &c., $481,618; surplus, $325,145.
Muncle, via Yorktown, Dalevllle, Chesterfield, Anderson, Pendleton,
REPORT.— For fiscal year ending Nov. 30 1911:
Ingalls, Fortvllle. McCordsvllle and Lawrence, to Indianapolis; also an
Fiscal
Passenger
Other
TotalNet Fixed
Balance, lnterurban line from Logansport. via Kokomo, Tipton, Atlanta, Arcadia,
Year—•
Receipts.
Income.
Income. Earnings. Chges.,&c. Surplus. Cicero, Noblcsvlllc, Carmel, Broad Ripple, to Indianapolis, and from Peru
1910-11____ $1,141,138 $200,580
$1,341,718$749,260$454,584$294,676
to Kokomo; total track aggregates 210 miles of lnterurban and 50 miles of
1909-10 ___ 1,042,969 .106,708 1,209,677 647,333 437,133 210,200 city lines, standard gauge. Also a line from Anderson to Middletown,
ROAD.— Owns 121.7 miles of road and 14.6 miles of second track, con 10 miles, put In operation Aug. 1. 1905: likewise Ind. North. Trac. 20 miles
necting Allentown, Bethlehem, South Bethlehem, Hellertown, Nazareth, of track between Marlon and Wabash, also Muncle Hartf. & Ft. Wayne R y.,
Siegfrieds, Coplay, Catasauqua. Egypt. Emaus, Macunglc, Slatlngton, 42 miles, from Muncle to Bluffton. via Eaton, Hartford City, Montpelier,
Quakertown, Perkasle, Lansdalc, Norristown, Ambler and Philadelphia. Keystone and Poneto and Mun. & Union City. 34 miles, from Union
Leases 10 miles and controls 10.5 miles through stock ownership. Total City to Muncle; total, 366 miles of track. Through cars are run between
Indianapolis and Fort Wayne In conjunction with the Fort Wayne &
oper. 156.8 m. 151 passenger, 5 exprcss-and-frelght and 28 mlsc. cars.
8
ELECTRIC RAILWAYS
VOL. LXXXXY.
ELECTRIC RAILWAYS
S e p t ., 1 9 1 2 .]
Northern Indiana Traction Co. Provides package freight service berween
Indianapolis and Muncle 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.— 150 city cars, 73 Intcrurban cars, 25 freight cars and
71 service cars; total, 318.
n OFFICERS.— Pres., A. W. Brady, Anderson; V.-P., Harold B. Iltbben;
Sec.' & Treas., W in. II. Forse Jr., Anderson. General offices and transfer
offices, Anderson, Ind.— V. 94, p. 1385, 1567; V. 95, p. 298, 362.
A N N IS T O N , A L A .
ANNISTON ELECTRIC & QAS CO.
ORGANIZATION.— Incorporated In New Jersey in 1899 to take over
the Anniston Electric Co. and the Oxford Lake Line, sold at foreclosure
August 1899; also acquired at receivers’ sale the Anniston Gas & Light Co.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
Stock, $250,000 ($100)___________
_______
$250,000 Nodivspald
1st mtgc, $300,000 ($100,1 1890
5 g J-D
300,000 Dec 1 1929
$500) g o ld ------------------- c*JInt. at Balt. 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 1911, gross, $155,248; net, after taxes.
$50,861; fixed charges, $15,000; other deductions, SI 1,057: surplus, $24,804'
In 1910, gross, $133,593; net, after taxes, $45,262; fixed charges, $15,000,
other deductions, $10,934; surplus, $19,328.
ROAD.— Operates 10 miles of road from Anniston to Oxford LakeIncluding 5 miles of track on city streets.
OFFICERS.— Pres., S. Z. Mitchell, New York; V.-Ps., F. L. Dame,
N. Y ., and R. A. Mitchell, Gadsden, Ala.; Sec. and Treas., II. M. Francis,
N. Y.; Asst. Sec. and Asst. Treas., E. P. Summerson, N. Y.; Gen. Mgr.,
R. L. Rand, Anniston.— V. 68, p. 928; V. 69, p. 283.
ASBURY P A R K , N. J ,
A T L A N T I C C O A S T E L E C T R I C R Y . — T r ol le y .
ORGANIZATION.— Incorporated In New Jersey on Dec. 8 1905 as
successor to the Atlantic Coast Elec. Railroad Co., sold under foreclosure of
the 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, Allcnhurst, 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.
D ie . or
-
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Maturity.
_______
$1,000,000 In 1911 3%
Stock $1,000,000 ($ 1 0 0 )...________
1st mortgage gold $1,000,-1 1895 5 g M-N
800,000 May 1 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 11945
($1,000).....
oj Interest at Central Trust Co., N. Y ., Trustee.
Seashore El Ry sto ck ----- ------ -------------- 200,000 __________
Seashore Electric Ry lstf 1892
6 g J-J
200.000
191?
mortgage $2 0 0 , 0 0 0 .............( Int. at Seacoast Nat’l Bank, Asbury Pk.,N.J.
Atlantic Coast Electric Lightl
5 J-D
241,000 June 1 1945
First mortgage $500,000/Int. at Asbury Park & Ocean Grove Bk.,
gold-------------------------------- / Asb. Pk. Morton Tr. Co. N. Y... trustee.
Bonds. — Of the $1,000,000 firsts, $200,000 are reserved to retire a like
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:
1911.
1910.
1909.
1908.
1907.
Gross earnings----------------$422,755 $402,495 $389,619 $343,056 $305,465
Operating expenses........... 216,014 198,547 191,791 164,345 139,002
Net earns, from oper — $206,741 $203,948 $197,828 $178,711 $166,463
In 1911, misc. Inc., $2,308; fixed charges, $125,090; surplus, $83,950.
OFFICERS.— Pres., S. F. Hazclrlgg, N. Y.; Treas., H. H. Rogers
Sco., G. B. Cade: Supt.. C E. Hereth.— V. 81, p 074, 1435, 1722.
A S H T A B U L A , O H IO .
ASHTABULA RAPID TRANSIT CO.
In Feb. 1907 control of this road was acquired by L. A. Robison. Pret.
of the Penn. & Ohio R y.. and associates.
ORGANIZATION.— Chartered Oct. 7 1890.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock, $500,000 ....................................................
$500,000 ...................
1st mtge, $75,000. gold,] 1891
0 g J-J
75,000 Sec text
($1,000) .....................c*&rjInt. at Central Trust Co.. Trustee. N. Y. 0
2d mtge, $500,000.....................11907
5 M-S
372,000 Sept 15 1927
(Citizens S. & T. Co., Cleveland, trustee
Bonds. — $75,000 2d mtge. bonds arc reserved for prior liens.
1st M.
bonds originally matured July 1 1911 but were extended 10 years to
July 1 1921.
EAT
5ARNINGS.— Year ending Dec. 31 1911. gross, $77,717; net, $24,860.
ROAD.— Operates 5 miles of track on 5 miles of street.
OFFICERS.— Pres., L. A. Robison, Pittsburgh: Sec. & Treas.. Wyn B.
Morris, Pittsburgh; Gen. Supt., Palmer Wardman. Ashtabula. V.85, p.468.
PENNSYLVANIA & OHIO RY.— A trolley road.
The same Interests control the Ashtabula Rapid Transit Co.
ORGANIZATION.— Incorporated March 17 1898.
STOCK AND BONDS— Date.
Interest. Outstanding.
M aturity
Stock ($100) ,$1,600,000 auth
.
.
$1,300,000 ...........
1st mtge $600,000 gold,] 1901 5 g M-S
600,000 Mch 15 1921
$500 each---------------------e*(Int. at Citizens’ Sav. <5s Tr. Co., Clev., Trus.
Jefferson Division ($500),1 1902 5 g M-S
100,000 Mch 15 1922
$100,000------------------------- lin t, at Citizens’ Sav. & Tr. Co., Clev., Trus.
Gen. mtge., $900,000, gold] 1906
5 g M-S
200,000 Sept 15 1926
($500) — ............ ............cjln t. at Citizens’ Sav. & Tr. Co., Clev., Trus.
Bonds .— Of the new gen. mtge. bonds, $700,000 aro reserved to retire
prior Hens.
EARNINGS.— For calendar year, 1911, gross, $121,190; net, $61,387.
In 1910. gross, $115,404; net, $48,373.
ROAD.— Owns and operates the Conneaut city line, 3 miles, and has
built westward from Conneaut to Kingsville & Ashtabula. 13 miles, and
south from Ashtabula to Jefferson, 10 miles; total, 26 miles.
OFFICERS.— Pres., L. A. Robison, Plttsb.; Sec. and Treas., W. B
Moirls, Plttsb.; Gen. Supt., Palmer Wardman. Office at Ashtabula.—
V. 82. p. 929, 987.
A TH EN S, GA.
ATHENS RAILW AY & ELECTRIC CO.— A trolley road.
ORGANIZATION.— Incorporated In Georgia on April 1 1910. Pur
chased Athens Elec. Ry. Co. Leased for 99 years from Oct. 1 1910 the
James White power plant. V .9 0 ,p . 1101, 1423. Owns and operates entire
9
street railway, electric light and power systems In Athens. Franchise
perpetual. Total equipment affords 7,000 hydro-electric h. p. and 3,000
h. p. from steam turbine plant.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock, com, $750,000 ($100) _______
$750,000 Sept.12,1%
Stock, pref (5% cum), $300.
000 ($ 1 0 0 ).._______ ____________
j .j
300.000 J’ly'12 2 H %
_______
1st & ref M $2,000,000 gold/ 1910
5 g J-J
320.000_______
July 1_____
1950
sinking fund ($1,000) ..c * ]I n t at Farmers’ Loan & Trust Co.. N .Y ., trus
Athens Electric Ry 1st M 1896
6 g J-J
12,000 July 11918
$1,000, gold ($500)...........c] Columbus Savings Bank, Columbus. Ga..
...
... . , _
l trustee. Interest at Columbus or Athens.
Athens Electric Ry new 1st] 1901
6 g A-O
388.000 Oct 1 1931
mtge, $400,000 ($1,000) /Interest at Title Guar. & Trust Co., Atlanta,
gold --------------------------- c*J Trustee, or Old Colony Trust Co., Boston.
Stock.— Preferred stock Is redeemable at 105.
Bonds. — Of the 1st & ref. bonds, $400,000 are reserved to retire under
lying bonds, the remainder for acquisitions and Improvements at 75% of
cost, but only when net earnings are 1 ^ times Int. on all bonds out and
those to be Issued. $105,000 are In treasury. Sinking fund of 1% begins
In 1915. Bonds are subject to call July 1 1915 at 110. V. 93, p. 665.
Of the Athens Eleo. Ry. new 1st M., entire Issue, but no lesser part, may
be called at 106 and Int.; $12,000 reserved for old bonds.See V. 73, p.1311.
Dividends.— On pref. 2 ^ % s.-a. from Jan. 1911 to July 1912, incl. On
com., 1st dlv., 1% , paid May 1 1912; Sept., 1% .
REPORT.— For calendar year 1911, gross, $192,587; net, after taxes.
$110,547; Int., rents, &c., $65,693; pref. dlv., $15,000; surplus, $29,854.
In 1910, gross, $170,809; net, $102,060; charges (Incl. pref. dlv.), $61,505;
surplus, $40,555. #
ROAD.— Owns 10 miles of track. 40-lb., 60-lb. and 70-lb. T and girder
rails; 16 motor cars; power plants, 10,000 h.-p. capacity.
OFFICERS.— Pres., W. T. Bryan; V.-Ps., J. Y. Carlthers and O. D.
Flanlgen; Sec., J. W. Morton; Treas., C. D. Cox. Office, Athens, Ga.—
V. 90, p. 1101, 1423; V. 92, p. 185; V. 93, p. 665; V. 94, p. 1762.
ATLANTA, GA.
GEORGIA RAILWAY & POWER CO.—
ORGANIZATION— Incorp. In Georgia on Oct. 17 1911 to takeover the fol
lowing properties (V. 93, p. 1191, 1725).
Atlanta Ilydro-Elec. Power Co.
IInter-State Power Co.
Atlanta Water & Elec. Power Co.
Savannah River Power Co.
Georgia Power Co.
South Carolina Power Co.
Also leases the Georgia Railway & Electric Co. (see below).
It Is planned to construct and operate in connection with the develop
ment of the water powers a system of Intcrurban railways.
In June 1912 Judge Pendleton In the Superior Court sustained a demurre
to the suit brought to have the company declared a trust in violation of th
Anti-Trust law. V. 94, p. 1763.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common, $15,000,000_______ - .............................. $15,000,000 ___________
1st pref $2,000,000 6% cu m .. ..................... ........ 2,000,000 ...................
2d pref $10,000,000 4% non-cu ......
................. 10,000,000 ...................
1st & ref mtge $30,000,000 g] 1912
5 g J-J
See text
Jan 1 1977
($1,000( sinking fund.........J Int. at Fidelity Tr. Co., I’hlla., trustee.
Georgia Power Co 1st M______ 1911
A-O abt.$3,500,000 Oct 1 1940
Blue Ridge El 1st M $1,-1 1910
5 J-J
1,135,000 See text
370,000 g ($500)___ c*J Knickerbocker Trust Co., N. Y., trustee.
North Ga. Elec. Co 1st M__ ___
6 F-A
26,000 ____
Sav Rlv Pow Co 1st M_______ 1911
5 A-O
200,000 Oct 1 1921
Refund 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 11943
$1,500,000 g ($1,000)_____ / Knickerbocker Trust Co., N. Y., trustee.
Bonds. — Of the $30,000,000 1st & ref. mtge. bonds, It Is understood,
$350,000 would be put out Immediately on account of trolley extensions,
while a further amount (possibly 33,000,000) would be put out upon de
posit with trustee of Ga. Pow. Co. 1st M., Issuable but not yet Issued, In
connection with new construction by that company, $12,050,000 are
reserved to retire prior liens, and balance are for future additions. Sink,
fd. after 5 yrs., $98,000 each yr., will retire entire Issue. Subj. to call
on and after Jan. 1 1917 at 105. See V. 94, p. 1763. The Blue Ridge
Elec. 1st M. bonds mature on July 1 1940, but the Ga. Ry. & Pow. Co as
sumes an agreement made by Ga. Pow. Co. to purchase them on or before
Oct. 1 1916 at par and Int., and In meantime to pay Int. on the bonds.
Sec V. 94, p. 1383. Knickerbocker Trust Co .Is trustee of both Sav. Rlv.
Pow. Co. Issues. The Atlanta Wat. & Elec. Pow. bonds are subj. to call
at 105. Sk. fd. Jan. 1 1908 to Jan. 1 1917, Incl., S5.000 per aim.; there
after until maturity, $10,000 per annum. See V. 79, p. 153.
EARNINGS.— Combined earnings for all companies for cal. yr. 1911,
gross, $4,852,000, net, $2,682,932; Int. and taxes, $1,817,657; bal., surp.,
$865,275.
PROPERTY.— Owns water power sites In Northeastern Georgia capable f
an ultimate development of over 300,000 h.p. A large plant at Tallulah
Falls of a capacity of about 90,000 h.p., with transmission lines to Atlanta,
Is nearly completed and Is expected to be delivering power In spring of 1913.
Several smaller plants have been In operation for some time. Surveys are
under way for the construction of an Intcrurban line from Decatur to Stone
Mountain. See V. 94, p. 123.
OFFICERS.— Ch. of Bd., II. M. Atkinson; Pres., Preston S. Arkwright;
V.-P. & Gen. Man., G. W. Brine; V.-P. & Sec., W. II. Glenn; Treas.,
I. S. Mitchell Jr.;*Aud., II. Flynn, all of Atlanta.— V. 93, p. 730, 1191,
1725; V. 94, p. 123, 982, 1119, 1383, 1763.
(1) Georgia Railway & Electric Co.
Lease.— On Jan. 30 1912 the stockholders of the Ga. Ry. & Elec. Co.
approved the 999-year lease from Jan. 1 1912 to the Georgia Railway &
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 H In 1st pref. and $125 In 2d pref. stock of Ga. Ry. & Pow. Co.
V. 94, p. 982, 1119.
ORGANIZATION.— Incorporated In Georgia on Jan. 28 1902, and on
April 1 1902 took over the Atlanta Ry. & Power Co., the Atlanta Rap.
Tran. Co., the Georgia Elec. Light Co. and the Atlanta Steam Co. Fran
chise perpetual. Comprises the street railway, electric light, gas, power
and steam-heating Interests of Atlanta and Fulton County. Uses power
supplied by the Atlanta Water & Electric Power Co. from the latter’s plant
at Bull Sluice on the Chattahoochee River, 15 miles from Atlanta—see
V. 79, p. 153, 2149. By terms of the ordinance permitting consolidation
the company paid the city of Atlanta $50,000 In cash, aDd 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 1908 at $60 per arc per ann. In Oct. 1902 both
pref. and com. stock were listed on Boston Stock Exch. V. 75, p. 849.
They are also listed on the Louisville Exchange.
In June 1903 acquired the entire capital stock ($600,000 6% preferred
and $1,014,625 common) of the Atlanta Gas Light Co., comprising the gaj
business of Atlanta and vicinity, by exchange of stock. $ for $. V. 76,
p. 1406. The gas company, however, maintains a separate organization.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Common ($100)_____________ _____
Q-F
$8,000,000
See text
Preferred 5 % non-cum ulatlve)-----5 Q-J 2,400,000
See text
$2,400,000 (par $100)........./
Ref & imp mtge $20,000,000] 1909
5 g J-J
1.743,000 Jan 1 1949
gold ($1,000)__________ c Jlnt. at Amer. Trust Co., Boston, Trustee.
First cons mtge $11,000,000] 1902 5 g J-J
5,950,000 Jan
1 1932
gold sink fund ($1,000) _.c* JInterestat Old Colony Trust Co., Boston, Tr.
Atlanta Street Railroad first] 1890
6 g J-J
225,000 July 1 1930
mortgage gold (par $1,000) /Interest payable In New York at 4th Nat. Bk.
J
Central Trust Co.. N. Y ., Trustee.
Atl Cons St Ry 1st cons M $2,-1 1899 5 g J-J
2,075,000 Jan
11939
500,000
g ($1,000 each) sub/Interest payable In N. Y. at N. Y. Trust Co.
to call aft 5 yrs at 107 it _c*j and at Merc.Tr.A Dep. Co., of Balt., Trustee.
Georgia Elec Lt Co 1st M $2,-] 1900 5 g J-J
1,350,000 July 11930
000,000 gold. Subject to/Interest at Old Colony Trust Co., Boston,
call In 1905 at 105.......... ..J Trustee.
Atlanta Gas-Light Co, 1st M.f 1897
5 g J-D
1,150,000 June 1 1947
$1,150,000, gold ($ l, 0 0 0 )c*( Interest at New York Trust Co., Trustee, o r
1 Bank of Scotland. London, England.
Stock.— In addition to the $8,000,000 com. reported outstanding, ther
Is $514,600 In treasury.
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OF THE
UNITED RAILW AYS & ELECTRIC CO.
OF BALTIMORE
VOL. LXXXXV.
MAP
SOUTH
BALTIMORE
ELECTRIC RAILWAYS
S e p t ., 1912.]
Bonds. —-Of the $11,000,000 Georgia Railway & Electric Company bonds
(closed mtge.) of 1902, $4,000,000 are reserved to retire underlying liens.
Are subject to call on any Interest date at 110 and accrued Interest.
A sinking fund became operative In 1907 which will retire $10,000 of bonds
In each year from 1907 to 1911. Inclusive: $25,000 per annum from 1912 to
1910, 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 tho Atlanta Consolidated Street Ry. Of the ref. & lmpt.
mtge. bonds, $250,000 are In the treasury, $11,230,000 arc reserved to
retire prior Hens (Including the $400,000 Atlanta & Northern bonds) and
$6,751,000 for extensions and Improvements up to 75% of actual cost.
$26,000 have been retired. Bonds are subject to call on 50 days’ notice at
105 and lnt.; a sinking fund of 1 % of bonds out began In 1910. See V. 88,
p. 158, 505, 1196; V. 89, p. 410.
Dividends. — 5% per annum Is being paid on preferred stock. On com.,
dlvs. have been: Aug. 1905, 2% ; Feb. 1906, 2% ; May 1906, 1 >4 % (V. 82,
p. 1040): Aug. 20. 1)4% . In 1907, Feb. 20. 1)4% : May 20. 1 >4 % and
stock dlv. of 33 1-3% (V. 84, p. 803): Aug. 20. 1)4% ; Nov. 20,114% : In
1908, 6%: ’09, 6% ; in ’ 10, 6 M%: In 1911, 8% , in 1912, Feb., 2% ; May, 2% .
Dividends are now paid under lease (sec above(.
REPORT.— Pass, carried 1911, 62,246,737. Report for 1911, V. 94,
p. 1563.
Gal.
Gross
Net
In t.& P ref.l 5%)
Common
Balance,
Year— Earnings. Earnings.
Taxes.
D lv.
Dividend.
Surplus.
1 9 1 1 4 9 3 , ;ioa $2,387,824 $898,407 $120,000 (8)$681,168 *$745,375
1 9 1 0 ... 4,040,880 2,132,442 847,604 120,000(614)553,449 *657,242
‘ After allowing for $57,126 in 1911 and $45,854 in 1910 dividends received
on treasury and miscellaneous stocks and Interest on deposits.
ROAD.— Operates 195.179 miles of track.
OFFICERS.— Pres., ,Ios. T. Orme; V .-P ., John L. Hopkins; Sec. &
Treas., VV. II. Wright.— V. 89, p. 410; V. 90, p. 236, 502; V. 91, p. 1160,
1385; 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.
(a) Atlanta Northern Railway Co.— A trolley road.
ORGANIZATION.— Entire stock Is owned by the Georgia Railway &
Electric Co., which guarantees the bonds.
STOCK AND BONDS.
Date.
Interest. Outstanding.
Maturity.
Stock, $100,000.........................................................
$ 1 0 0 , 0 0 0 __________
First mortgage $400,000 guarl 1904
5 g J-J
400,000 July 1 1954
($500 and SI.000) gold..c*/Interest at Old Colony Tr. Co., Boston, Trus.
Bonds. — Are guar., p. &1., by end., by the Ga. Ry. & Elec. Co. Are sub
ject to call on any lnt. date at 110 and lnt. A sink, fund of $5,000 per ann.
began In 1910. See V. 79, p. 680.
EARNINGS.— For cal. year 1911, gross, $139,218: net, $33,794; lnt. &
taxes, $31,150; surplus, $2,644. In 1910, gross, $129,363; net, $29,365;
charges and taxes, $26,736; surplus, $2,629.
R O A D .—Operates 15 miles of track from Atlanta to Marietta, mostly on
private right of way. Commenced operation July 17 1905.— V. 79, p. 680.
A T L A N T IC C IT Y , N . J .
ATLANTIC CITY & SHORE CO.
. u
J z AT 1 N.— Incorporated in 1909 In Delaware. Owns 2,995 of
the 3,000 shares of the Atlantic & Suburban Ry. Co. stock and a majority
Of tbe stocks of the Central Passenger Ry. Co. ($40,000 bonds) and Atlantic
City « (shore TUI. Co. Also owns all of the $591,100 outstanding 1st mtge.
bonds of Atlantic & Suburban Ry.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
$936,900 .......... . . . .
Stock, 51,000,000......................................................
C°l*- Trust $591,100 ........................
4%
591,100
1940
The collateral trust 4s are secured by $591,100 Atl. & Sub. 1st mtge.
bonds and 2,995 out of 3,000 shares of stock of that company.
(1) _ Atlantic City & Shore RR.— An electric road.
ORGANIZATION.— Incorporated In New Jersey Oct. 21 1905 with a
perpetual charter. Leases Atlantic City & Ocean City R R .— see terms
below— and owns $218,500 of the common stock of the Atlantic City &
Ocean City Company, which holds all tho stock and bonds of tho Atlantic
City & Ocean City RR. V. 85, p. 158. Cent. Pass. R y. Is operated under
traffic agreement.
Contract with West Jersey * Sea Shore M l .— A traffic agreement has
been entered Into with the West Jersey & Sea Shore R R . by which the
Atlantic Ave. lino of the latter road, running from Atlantic City to Longport. 8 14 miles, Is operated by this company. The West Jersey & Sea Shore
RR. has an option to purchase from May 1 1913 to May 1 1918 a majority of
the Atlantic City & Shore RR. stock. V. 85. p. 158.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock $ 1 ,0 0 0 , 0 0 0 ($ 1 0 0 ) ........................................
$ 1 ,0 0 0 , 0 0 0
............
1st mtge & coll trust deed] 1905
5 g J-D
950,000 Dec 1 1945
$1,000,000 ($1,000) g . ,c*/ln t. at Girard Trust Co., Phlla., trustee.
—No sinking fund, but can be called at any time at 110 and lnt
i j,
— Operates 4 ■'.45 miles of track In and around Atlantic City, In
cluding a road through Pleasantvllle, Llnwood and Somers Point, to Ocean
City, the tvvo latter points being connected by 2 miles of trestle and bridge
^ A M ^ t l a n t T e City * Ocean City RR.
e a r n i n g s .— For calendar year 1911, gross, $631,007; oper. exp. and
charges, $577,866; surplus, $53,141.
OFFICERS.—Pres., Win. A. Stern; V .-P ., Charles Evans; Sec., J. M,
AarI?rtel1: Treas I. L. Stone; Gen. Supt., J. N. Akarman.— V. 85, p. 158;
V. 86. p. 1009; V. 88. p. 685; V. 90. p! 1424.
m2
%
* Ocean City Com nan y.
m e Atlantic city & Ocean City Company was organized In Delaware
and owns the entire ($180,000) stock and all the ($180,000) bonds of the
Atlantic City & Ocean City RR , and has pledged them as security for the
collateral trust bonds below. Of the common stock of the Atlantic City &
Ocean City Company. $218,500 Is owned by the Atl. City & Shore R R . The
latter leases the Atl. City & Ocean City R R . 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.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common $350,000........................ ..
. .
$220,000 ...................
Pref 5 % non cum $250,000...............
.....
175,000 ...................
Collateral trust gold $500,-1 1907
5MS
350,000 Mch 11947
000 redeemable 110 A lnt.-/G irard Trust Co., Philadelphia, trustee.
Stock. —The pref. stock Is redeemable at par.
ROAD.—The Atlantic City te Ocean City R R . owns 2.61 miles of road
from Somers Point across Great Egg Harbor Bay, on bridge and trestles,
to Ocean City. Ralls. 85 lbs. V. 85. p. 158; V. 87. p. 165.
(2) Atlantic & Suburban Ry.
ORGANIZATION —Incorporated In New Jersey Deo. 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.
Interest. Outstanding.
M aturity.
Stock. $750,000 ($50).............. - .............................
$150,000 ...................
First mortgage.
$650,000] 1909
4 g F-A
591.100 Aug. 1 1929
($1,000) ...........................c*j lnt. at Cambridge Tr. Co.. Chester Pa.. Trus.
Prior lien M. $100,000. g u a r ] ___
5%
100,000
1925
P & l. by A C A S Co...........f
Rands—-Bonds have no sinking fund. V. 87, p 1237.
EARNINGS.— For calendar year 1911, gross, $97,600; oper. exp. and
ch?,r£ c.s L $92Ar,92: surplus. $4,908.
ROAD.— Operates 16.13 miles of track from Atlantic City to Pleasant
vllle, Somers Point and Absecon. Standard gauge. 80-lb. T rail,— V. 87
p. 872, 1237, 1299, 1532; V. 88. p. 881; V 00, p. 1424.
AU GUSTA , GA.
AUGUSTA-AIKEN RAILWAY & ELECTRIC CORPORATION.
ORGANIZATION.— Incorporated in South Carolina In 1911 as a con
solidation of the following companiesAugusta-Alken Ry. & Elco. Co.
| Augusta Ry. & Eleo. Co.
Augusta & Aiken Ry. Co.
North Augusta Elco. & lm pt. 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 electrlo light and power service In Augusta and Its suburbs and owns
valuable real estate In central part of Augusta. Railway franchise In
Augusta expires 1939; electric-lighting franchise runs until 1939 or longer.
Interurban division Is on private right of way. v . 92, p. 1177. Also owns
nil securities of North Augusta Hotel Co. (owner of Hampton Terraco
Hotel), and 99% of securities of North Augusta Land Co. Likewise owns
all the common stock of the Ga.-Caro. Investment Co. sec remarks below.
II
New Hydro-Electric Development.— On July 20 1912 shareholders approved
the proposed agreements, dated July 1 1912, providing for the construc
tion and financing of the Georgia-Carollna Power Co.'s proposed hydro
electric plant and system (to be completed by July 1 1914; Initial Installs
tlon 12,000 h. p., ultimate capacity about 24,000 h. p.), on the Savannah
River, and the operation of same In perpetuity by Augusta-Alken Ry. &
Elec. Corp. They also voted to guarantee prin., lnt. and sink. fd. on
Ga.-Carolina Power Co. 1st M. bonds and dlvs. from July 1 1915 on $750,
000 pref. stock of Ga.-Carollna Invest. Co. All the pref. and common
stocks of the Ga.-Caro. Pow. Co. (Incorp. In So. Caro.) are owned by the
Ga.-Caro. Investment Co. (a holding co. Incorp. in Maine), all of the lat
ter company’s com. stock ($500,000 par) In turn being owned by the Aug.
Aiken Ry. & Elec. Corp. See abstract of plan In V. 95, p. 234. On July
23 1912 Aug.-Alken Ry. & Elec. Corp. shareholders were offered the right
*or above-mentioned $2,500,000 1st M. 5s of Power Co. and
$7o0,000 pref. stock of Ga.-Caro. Invest. Co. at $880 and lnt. on bonds
for each block, consisting of $1,000 bonds and $300 pref. stock. V. 95,
STOCK AND BONDS—
Date.
Outstanding.
M aturity.
Common $2,250,000 ($100)
$2,250,000
Preferred 6% cum beginning
Jan 1 1912 ($100)
Q-M
1,500,000 S ep t’ 12,1 J4
First mtge $7,500,000 gold] 1910
5 g J-D
2,588,000 Deo 1 1935
($1,0001----- --------------c'ICentral Trust Co., New York, Trustee.
Augusta Ry & Elec 1st M gl 1900
5 g J-D
967,000 June 1 1940
$1,000,000 ($1,000)------c * /ln t. at Mer Tr. & Dep. Co., Balt., Trustee.
Ga-Carollna Invest Co pref] ___
Quar.
750,000 __________
stock ($750,000) see text/R ed. as a whole at 105 and accrued dividend.
($100) cumulative____ _ J
Ga-Caro Pow 1st M $5,000,-]
000 g ($500 and $1,000)__ ) 1912
5 J-J
___.........July 1 1952
g u a r --------------------------- c*J Central Trust Co., New York, Trustee
Stock.— Ga.-Caro. Investment Co. pref. stock Is entitled to 5% cum.
dlvs. (guar, by Aug.-Alken Ry. & Elec. Co.) from July 1 1915, and addi
tional non-cum. dlvs. of 2% per ann. under certain conditions. Stock Is
convertible at option of Invest. Co. Into pref. stock of Aug.-Alken Ry. &
Elec. Corp., share for share.
Bonds. — Of the $7,500,000 1st mtge. bonds, $967,000 are reserved to
retire Aug. R y. & Elec, bonds and $3,945,000 are for additions, &o. 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 1915 provides for pavment 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 lnt. on 6 months’ notice: sinking fund Is >4 of 1% beginning June 1
1905 for 15 years, 1% for next 10 years and 2% for remaining 10 years.
$33,000 was held In sinking fund Sept. 1 1912.
The Ga.-Caro. Pow. bonds are subJ. to call as a whole, or In part, for
sk. fd. at 105 and lnt. Sk. fd. beginning with 1918 will be sufficient to
retire all the bonds at maturity. They are guar.,p., 1. & s. f., by Aug.Alken Ry. & Elec. Corp. V. 95, p. 179.
Dividends.— Initial dividend on preferred— 1)4% — paid Dec. 30 1911.
In 1912, Mch., 1 J4%; June, 1 >4%; Sept., 1)4% .
EARNINGS.— For consolidated properties for 12 months ending June 30
1912, gross, $612,150; net after taxes, $280,603; other Inc., $32,585; lnt.,
$178,980; sk. fd., $5,000; surp., $129,208. In 1910-11, gross, $564,461;
net, after taxes, $277,083: other Inc., $24,643.
ROAD.— Owns and operates 53.2 miles of track, of which 28.92 miles
are city lines and 24.28 miles Interurban between Augusta and Aiken. 60
to 100-lb. T rails. Standard gauge. Owns Lake View Park on Lake
Olmstead.
OFFICERS.— Pres., F. Q. Brown; V.-Ps., J. H. Pardee and James V .
Jackson; Sec. and Treas., D. H. Thomas; Mgrs.. J. G. White & Co.— V .
92, p. 794, 1177; V. 93, p. 1724; V. 94, 205; V. 95, p. 175, 234, 360.
A U S T IN , T E X .
AUSTIN STREET RY.— A trolley road.
ORGANIZATION.— Incorporated In Texas on Jan. 3 1911 as successor
to the Austin Electric Ry. Franchise expires in 1942.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common $1,000,000 ($100)__ ...............................
$560,000 __________
Pref $250,000 ($100) 6% n-c._ ___
250,000 ...................
First & ref mtge $1,500,0001 1911
5 g J-J
637,000 Jan 1 1938
gold ($1,000)...................c*J lnt. at Equitable Trust Co., N. Y ., trustee.
Bonds. — 5863,000 1st & ref. bonds are reserved for additions, &c. They
are subject to call on any int. date at 102 J4. Annual sinking fund of 2%
of bonds out begins In 1915. V. 92, p. 185; V. 93, p. 1461.
EARNINGS. For 6 mos. ending June 30 1912, gross, $102,842; net.
$41,135; interest and taxes, $21,032; surplus, $20,103.
ROAD. Operates 18.7 miles of track. 55 and 72-lb. rails; 38 cars.
OFFICERS.— Pres., W. J. Jones; V.-P., F. II. Watriss; Sec., A. L.
Kalloch; Treas., E. P. Wilmot.— V. 92, p. 185; V. 93, p. 526; 1461, 1531.
B A K E R S F IE L D , C A L .
SAN JOAQUIN LIGHT & POWER CORPORATION.
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 private
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 Mch. 1912 bankers In San Francisco offered a block of pref. stock at
85, with a bonus of 25% In common. V. 94, p. 921, 1123.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $15,000,000..._______ _
_________ $11,000,000 ...................
Pref.$ 10,000,000 ($100) 6% cum ____
Q-J
6,500,000 ...................
1st & ref mtge $25,000,000 g] 1910 5-6 F-A
3,331,000 Aug 1 1950
($1,000) sinking fund.c&r*/Trust Co. of Amer, N. Y ., trus.; Int. In N Y.
San Joaquin L & P Co 1st Ml 1905 5 J-D
2,776.000 June 1 1945
$3,000,000 s f ($1,000) ._c*jRedeemable at 110 and Interest.
San Joaquin Power Co_______ _____
5%
132,000
1942
Selma Light & Water Co...................
6%
11,000 1912-1920
Power Trans * Lt M $2,500,-] 1903 5 g J-D
111,000 June 1 1933
000 gold ($1,000)------------ /Mercantile Trust Co., San Francisco, trustee.
Bakersfield & Kern Elec R y ] 1903 5 g J-J
112,000 July 1 1931
$250,000 gold ($1,000)__ c/Unlon Trust Co., San Francisco, trustee.
Bakersfield Gas & Eleo Lt m t g ___
6 F-A 15
20,000 Periodically
Stock.— Capital stock cannot be Increased without assent of three-fourths
of stock of both classes.
Bonds. — Of the 1st & ref. mtge. of 1910, Series A ($1,500,000, all out)
bear 6% lnt.; Series B, of which sufficient are reserved for underlying liens,
bear Int. at 5% ; remainder can be Issued at not exceeding 6% Interest
for additions. Improvements, &c., at 85% of cost under certain restrictions.
Subject to call at 102)4 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 2)4% annually of bonds out from Aug. 1925-30,
Incl., to 4 J4% annually from Aug. 1945-49, incl. V. 91, p. 1332.
EARNINGS.— For cal. year 1911 (combined properties), gross, $1,106,
303; net, after taxes, $622,538; lnt. & sk. fd. (not Incl. lnt. on floating debt,
since liquidated), $310,027; surplus, $312,511.
PROPERTY.— Operates street railway In Bakersfield. Operates power
houses with 37,000 n.p. capacity. Operates 700 miles of transmission line
and 600 miles of distributing lines. Does gas business in Bakersfield,
Merced and Selma.
OFFICERS— Pres., A. C. Balch; V .-P., Kaspare Cohn; Sec., L. M.
Farnham; Treas., A. N. Kemp.; 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.
B A L T IM O R E , M D .
Street Railways of Baltimore pay a Park Tax of 9 % of gross earnings
within City Limits, except on turnpikes and private rights of w ay, and are
required to pave between tracks and two feet on each side.
UNITED RAILWAYS & ELECTRIC CO. OF BALTIMORE— Trolley.
(See map on page 10.)
ORGANIZATION.— Incorporated at Annapolis March 4 1899. Com
prises all the passenger railways In Baltimore City and Baltimore Couni v
and lines extend Into Anne Arundel County and Howard County. Through
the present and previous consolidations, embraces the following:
12
ELECTRIC RAILWAYS
Baltimore Catonsville & Elllcotts Central Railway Company.
Gwynn’s Falls Hallway of Baltimore
Mills Passenger RR,
Baltimore City Passenger Ry. Co.
City.
Maryland Traction.
Baltimore Consolidated Ry. Co.
Pimlico ft Plkesvllle RR.
Baltimore & Curtis Bay Ry.
Balt. Gardensvllle & Belalr Elec. Ry. Shore Line Electric Ry.
Baltimore ft Northern Elec. Ry. Co. Walbrook Gwynn-Oak & Powhatan.
Also owns all the stock, and holds a lease, of the Baltimore Sparrows
Point & Chesapeake Ry. Co.
. . . .
j
Allied Company. — In Aug. 1906 the Maryland Elec. R y.. which had agreed
to provide funds for needed improvements and acquisitions of the United
Ry. & Elec. Co., was consolidated with the Balt. & Annapolis Short Line,
thus forming the Maryland Elec. Rys. See statement of that co. below.
Power Contract.— Having canceled the contract for supply of power made
with McCall Ferry Power Co., made 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 old 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
to be taxable. V. 89, p. 44.
, „
On July 5 1911 stockholders authorized S3.12o,000 conv. and coll, trust
notes (see below) to take up car trust eertfs. Series “ B” and " C ” and 1st il
bonds and eertfs. of Indebtedness of Baltimore City Passenger Ry.
STOCK AND BONDS.
Date.
Interest. Outstanding. D lv .or M a t’y.
Common. $24,000,000 ( $ 5 0 ) - - .......................... $15,000,000May’ 12 1 Y,%
Pref, cum., $14,000,000, ($ 5 0 ) -----4
24,000 Junefl2 2%
Inc mtge. g, $14,000,000,1 1899 4 g J-D
13,976,000
1949
cum., tax free, Maryland)Payable at option of Co..after March 1 1949.
Tr. Co., Trustee c * ($ l,000) JInt. at Alex. Brown & Sons, Baltimore.
1st con mtge g. $38,000,0001 1899 4 g M-S
26,450,000 Mch 1 1949
( 5 1 ,0 0 0 ); Continental Trust )Interest at Alex. Brown & Sons, BaltlCo. Baltimore, Trustee.c*J more.
Incomefdg bonds ($100. $5001 1906 5 g J-D
3,920,000 June 1 1936
and $1,000), $3,920,000.-c/Maryland Trust Co., Trustee.
Convertible and collateral] 1911 5 J-J
3,125.000 Julyl5 1914
notes $3,125,000 ($100, lint, at Alexander Brown ft Sons. Balt.
$ 5 0 0 and $1.000)________cjSafe Deposit & Trust Co., Balt., Trustee.
Car trusts, Series “ A.” $350,-] 1904
5 g A-O
70,000
See text.
000, gold ($ 1 ,0 0 0 ).............jlu t. at Fidelity Trust Co., Balt., Trustee.
UNDERLYING SECURITIES.
•Baltimore Traction— 1st ($ l,-f 1880
5 M-N
1,500,000 Nov 1 1929
000) mtge, Trustee Mercan-( Interest at National Mechanics’ Bank, Baltltile Tr. ft Deposit Co----- c l more.
N. B. Dlv. 1st ($1,000) 5s,f 1892
5 g J-D
1,750,000 June 1 1942
g. Trus.,Mer,Tr.&Dep.Co.clInt. at National Mechanics’ Bank, Balt.
City & Suburban R y . Bonds— f 1892
5 g J-D
3,000,000 June 1 1922
1st mtge, g ($1,000)...........(Int. at Alex. Brown & Sons, Baltimore.
ISafe Deposit & Trust Co., Balt., Trustee.
Balt.Catonsv.&Elllcott’s M ills f 1896
5 J-J
500,000 July 1 1916
1st mtge, $500,000, pvln g .j Safe Dep. ft Tr. Co., Balt., Trustee. Int.
( at National Mechanics’ Bank, Baltimore.
Lake Roland Elevated— 1stf 1892
5 g M-S
1,000,000 Sept 1 1942
consol
mortgage,
gold] Interest at Alex. Brown ft Sons, Baltimore.
($1,000) __________ c*&r (Baltimore Trust Co., Trustee.
Central R ij— Consol mortgagel 1892
5 g M-N
700,000 May 1 1932
$700,000, gold ($1,000)__ interest at National Mechanics’ Bank, Balt.
.(Mercantile Tr. & Dep. Co. of Balt., Trustee.
Ext and Imp 1st mtge.f 1897 5 gM -S
600,000 Mch 1 1932
$600,000 g ($1,000)___ (Baltimore Trust Co., Baltimore. Trustee.
(Interest at Nat. Mechanics’ Bank. Balt.
Bonds. — Of the $38,000,000 of 1st consolidated bonds, $26,450,000 have
been Issued ($541,000 being In treasury) and $11,550,000 (of which $2,500,
000 Is deposited as security for conv. and coll. tr. notes) have been set aside
for the retirement of underlying securities. Income funding bonds are re
deemable on any Int. date at par and accrued lnt. The convertible and
collateral trust notes are secured by deposit of $2,500,000 first consol,
bonds and $6,250,000 com. stock. They are red. at par and lnt. on 60 days’
notice and are conv. Into com. stock at $25 per $50 share up to and lncl.
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 $330,000: they mature $35,000 per annum on Oct. 1 from
1905 to 1914, both Inclusive.
Stock.—The preferred stock reported above as outstanding Is all that
remains of the original Issue of $14,000,000, the rest having been converted
Into Income bonds.
DIVIDENDS.— Dividends of X of 1 % were paid In June 1899 and 2 M %
In Dec. 1899, and 2 % each six months after that to and Including Dec. 1903,
on both the Income bonds and the pref. stock, the payment on the stock
(but not on the bonds) being subject to a deduction of H of 1 % for taxes.
Payments due June and December 1904, June and December 1905 and
June 1906 omitted, and In 1906 coupons for these dates were funded, and
subsequent coupons were In like manner funded as they matured up to
and including Dec. 1910. On June 1 1911 paid 2% on both Income bonds
and pref. stock. Dec., 2 % . In 1912, June, 2 % . On com., 1st dlv.—
1 H % — paid May 1912.
ROAD.— Miles of track, 403.642; cars, 1,797; gauge, 5 ft. 4t$ In. Ralls.
70-lt>. Y and 0-ln.and 124/3-lb.girder. Capacity of (4) generating stations
41,305 K. U\; capacity of (5) sub-stations, 32,000 K. W.
REPORT for the year ending Dec. 31 1911 In V. 94, p. 1179.
1911.
1910.
1909.
1908.
Car miles run.................. 28,698,339
27,911,573 27,124,556 26,764,145
Revenue passengers____ 101,467,727 154,928,785 145,601,990 138,400,994
Transfers _______
64,643,636 60,789,807 57,030,556 54,587,949
Gross earnings___________$8,025,758 $7,687,895 $7,209,984 $6,834,802
Operating expenses____ 3,681.093
3,601,896
3,361,872
3,293,338
[VOL. L X X X X V .
1906 to adapt It to that purpose. In Aug. 1906 was consol, with the Balti
more ft Annapolis Short Line, which latter line has since been electrified.
The Maryland E ectrlc Railways then acquired car barn sites, terminals.
&c., and Is erecting buildings, constructing extensions, purchasing equip
ment, &c , which Is leased to the United Ry. & Electric Co. for an annual
rental of 6% upon the actual cost of the property. At maturity of the
$8,000,000 bonds of The Maryland Elec. Rys., the United obligates Itself
to purchase the property so leased at a sum sufficient to retire the bonds.
See plan In full In V. 83. p. 156. There is no guaranty endorsed on bonds,
but the terms are such that rental will be more than sufficient to pay Interest.
Stock listed on Baltimore Stock Exchange in Feb. 1908
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock, $1,200,000 ($50)..................
.............
$1,200,000 July’ 08, 1%
1st M, $8,000,000, g ($1,000) ,\ 1906
5 g A-O
4,000,000 Oct 1 1031
sink fd ______ _________ c*JMercantile •Tr & Dep. Co., Balt., Trustee.
Baltimore ft Annapolis lstf 1906
5 g F-A
1,000,000 Aug 1 1946
mtge, $1,000,000 ...............{Fidelity Trust Co., Baltimore. Trustee.
(interest at Alex. Brown & Sons, Baltimore.
Bonds. — A sinking fund of 1/3% on Md. Elec. Ry. 1st mtge. bonds out
began Mar. 30 1910. Bonds are redeemable at 110 and lnt. on any Int. date
upon 90 days’ notice. Int. payable at office of Alex. Brown & Sons. See
V . 83, p. 818, 970.
Dividends. — First dividend (1/3% ) was paid In Jan. 1907 and 2% was
paid July 1 1907. In 1908, Jan., 1 %; J u ly ,l% ; none since to Sept. 1912.
ROAD.— Operates 25.3 miles of track from CllETordsto Annapolis, whloh
has been converted to electricity. An extension known as the St. Paul
St. Bout, line was completed In 1907; It Is leased to Un. Rys. ft Elec. Co.
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; V. 88, p. 686.
BANGOR, M E.
BANGOR RAILW AY & ELECTRIC CO.
ORGANIZATION.— Incorporated In Maine on Feb. 16 1905 and Is a
consolidation of the Bangor Hampden ft Wlnterport R y., the Publlo Works
Co., the Bangor Orono & Old Town Ry. and the Old Town Electrlo Co.
On Feb. 1 1906 absorbed the Bangor & Northern R R .. which was a re
organization of the Penobscot Central Ry. V. 82, p. 333. In Deo. 1909
acquired all the stock of Veazle Lumber Co., owning a water power at
Veazle. Does entire electrlo lighting and power business In Bangor, Old
Town, Brewer, Milford, Orono, Veazle and Hampden, with the exception
of municipal lighting In Bangor. Also furnishes water supply to Brewer,
Veazle and Old Town. Franchise for about 12 miles of track In Bangor
expires In 1912; others are unlimited In time.
Through ownership of three-quarters of the bonds and all but one share of
stock. It controls the Bar Harbor & Union River Power Co., which had
absorbed the Bar Harbor Electrlo Light Co., Ellsworth Water Co. and
Ellsworth Electrlo Illuminating Co. (V. 87, p. 1009), which companies do
all the electric light and power business In Ellsworth and on Mt. Desert and
the water business at Ellsworth.
On Aug. 29 1911 stockholders approved the merger plan (V. 93, p. 468)
in connection with the Bangor Power Co. (Incorp. In Maine Aug. 11 1911 to
acquire the properties of the former Bodwell Water Pow. Co., V. 93, p. 471,
732), Veazle Lumber Co. and Penobscot Realty Co., under which the prop
erty of these cos. Is owned by Bangor Ry. ft El. Co., and voted to In
crease stock to $3,500,000, of which $1,500,000 Is 7% cum. pref. and $2,
000,000 com. and to guarantee the $750,000 Bangor Pow. Co. bonds Issued
In connection with merger. Shareholders of Bangor Ry. ft Elec. Co. re
ceived one share of new pref. and one of com. for one share of old stock.
See V . 93, p. 468.
STOCK AND BONDS— Date.
Interest. Outstanding.
M aturity.
----------$2,000,000 ---------------Common $2,000,000 ( $ 1 0 0 ) - - - ----Pref $1,500,000 7% cum<$100) ---7 Q-J
1,500,000 O ct.’12, 1 H
1st con M gold $2,000,000..-( 1905 5 g J-J
2,000,000 July 11935
($500, $1,000)................. c*J Guaranty Trust Co.. New York, Trustee.
Public Works Co, 1st, gold,( 1899
5 g A-O
600,000 April 1 1929
$600,000 ($500, $1,000) c*j Interest at Old Colony Tr. Co.. Boston, Trus.
Bar Harbor ft Un. Rlv. Pow ( 1907
5 M-S
208,000 Sept 1 1935
Co. 1st ft ref. $2,000,000--/Trust Co. of North America, Phlla., trustee
Bar Harbor Electric Light C o,/ 1901 4 /3 M-N
100,000 May 1 1921
$100,0 00..-........................ (Int. at Portland National Bk., Portl’d, Me.
Bangor Power Co. 1st m tge.,/ 1911 See text
1,060,000 Sept. 1 1931
$2,500,000 ...... ................. (Union Trust Co., New York, Trustee.
Bonds. —The first cousol. bonds are subj. to call on 12 weeks’ notice at
107 /3 and Int. Int. at office of trustee, N. Y., or Eastern Tenn. Bkg. Co.,
Bangor. See particulars, bonds, property, &c., V. 87, p. 1009. The Publlo
Works Co. bonds are not subj. to call., V. 80, p. 2456. Of the Bar Harbor
ft Union River Power Co. mtge., $100,000 are reserved to retire Bar Harbor
Elec. Light Co. bonds. They arc subj. to call at 107 /3 and Int. on any Int.
day on 60 days’ notice. Int. at Merrill Trust Co., Bangor. Trustee of Bar
Harbor Elec. Lt. Co. bonds Is Union Safe Deposit & Trust Co., Portland
Me. Of Bangor Power Co. 1st mtge. bonds, $750,000 Series A (all out) bear
Int. at 4% to Sept. 1 1916; 4 /3% to Sept. 1 1921 and 5% thereafter to ma
turity. Series B, $1,750,000 auth., $310,000 outstanding and $1,440,000
reserved for extens., betterments, &c., at 85% of cost of same. Subj. to
call at 105 and lnt. oh any lnt. date on 60 days’ notice. No sink. fund.
Int. at office of trustee or at office of company in Bangor.
Dividends.— 5% per ann. pal l on the old stock (all of one class) from
Oct. 1 1905 to Oct. 1909, when 1 /3% (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 lncl. Oct. 1912.
. „
EARNINGS.— Combined earnings of Bangor Ry. ft Elec. Co. and Bar
Harbor ft Union Rlv. Pow. Co. for years ending June 30.
Year—
Gross.
Net tatter taxes) Interest.
Surplus.
1911-12.. ____________ $655,622
$360,451
$181,466
$178,985
1910-11 ___ _
___ . . . 574,980
304,680
146.517
158,163
ROAD.— Operates 63.4 miles of track In Bangor and Brewer, Me., and
from Bangor to Hampden, to Orono, to Old Town and to Charleston.
Ralls, 48 to 90-lb. girder and T standard gauge. 52 pass, and 24 freight
Net earnings________ $4,344,665 $4,085,999 $3,848,112 $3,541,464
Other Income_________
2,640
2,490
2,490
3,240 cars, 7 snow plows and 2 mlscel. cars. Power stations have total capacity
Pres., John R. Graham; V.-P. Frank Stillman Jr.; Clerk
Total Income_________ $4,347,305 $4,088,489 $3,850,602 $3,544,704 ft OFFICERS*.—
Treas., Howard Corning.— V. 84, p. 338; V. 87, p. 1009; V. 89, p. 777;
Deductions—
V.
92,
p.
1374;
V.
93, p. 468, 1724.
Fixed charges and taxes $2,919,686 $2,881,635 $2,734,188 $2,637,182
Extraordinary expend..
450,944
864,049 a l ,013,413
813,751
Income bond interest--!
560,000
______
______
______
B A RRE, VT.
Preferred dividends__ /
GARRE & MONTPELIER TRACTION & POWER C O .- A trolley road.
Sold. — In May 1907 the control of this company was sold to a syndicate
Total deductions.........$3,930,630 $3,725,684 $3,747,601 $3,450,933
by Frank M. Corry, Pres, of the First Nat. Bank of Montpelier.
Balance, surplus_______
$416,675
$362,805
$103,001
$93,771 represented
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
a Includes $456,693 brought over from 1906.
$150,000, par $25..................
...........$120,000 ...................
OFFICERS.— Pres..William A. House: V .-P., Frank A.Furst; 2d V.-P. Stock,
1st
M,
gold.
$100,000
($500/
1897
5
g
M-N
100,000
Nov
1 1917
and Gen. Mgr., Thos. A. Cross; S ee., William Early; Acting Treas., .1. T.
each), not subject to call.c*(Int. at American Tr. Co., Boston, Trustee.
Staub; Auditor. N. E. Stubbs.— V. 90, p. 1045, 1359; V. 91, d . 39. 1386
EARNINGS.—
For
year
ending
Deo.
31
1911,
gross,
$59,111;
net,
$13,
1631, 1770; V. 92, p. 463, 1033, 1175, 1437, 1702; V. 93, p. 46, 165, 470, 800. In 1910, gross, $54,813; net, $18,282.
1022, 1601; V. 94, p. 418, 1058, 1179, 1187.
ROAD.— Barre to Montpelier, Vt.. 9 /3 miles, opened June 30 1898.
(1) Baltimore Soarrows Point & Chesapeake Ry
Power Is furnished by the Corry-Deavltt Frost Electrlo Co. (capital $225,
ORGANIZATION.— In Jan. 1903 was leased for 999 years to the Un 000) under a 10-year contract from March 1 1909.
Rys. ft Electric Co. of Baltimore, which guarantees the bonds below, both
OFFICERS.— Pres. F. M. Corry, Montpelier; V .-P ., H. K. Bush,
as to principal and Interest, and also owns all of the stock. See V. 79. p. Barre, Vt.; Sec. ft Treas., E. H Deavltt, Montpelier; Gen. Mgr., I. M. Frost.
2643. Has 35'miles of single track, Including a line 22 miles long connecting Montpelier.— V. 84, p. 1246.
_____
Baltimore with the Maryland Steel Works at Sparrow’s Point, and extend
ing beyond along the shore of Chesapeake Bay, where summer resorts have
B A R T L E S V IL L E , O K L A .
been established.
BARTLESVILLE INTERURBAN RAILWAY.
STOCK AND BONDS—
Date.
interest. Outstanding.
M aturity.
In Aug. 1912 II. L. Doherty & Co., New York, acquired control, and will
Stock, $2,000 000................ .. - .........................
$400,000 ...................
1st mtge., $2,000,000, gold! 1903
4 13 g F-A 2,000,000 Feb 1 1953 reorganize the property. V. 95, p. 749.
ORGANIZATION.— Incorp. In Oklahoma In 1907. Franchises arc for 49
($1 000), guar principal (Fidelity Trust Co., Baltimore, Trustee.
years. Has private right of way except In city streets. Negotiations have
and interest.............. . . c * ) Interest at Alex. Brown & Sons, Baltimore.
been
completed whereby company will do entire electrlo lighting and power
REPORT.— Operations Included in United Rys. & Elec. V. 80, p. 221.
business In Bartlesvlllo and Dewey.
(2) Baltimore Halethorpc & Elkrldge Ry.
STOCK
AND BONDS—
Date.
Interest. Outstanding.
M aturity.
ORGANIZATION.— Incorporated on Dec. 26 1905 In Maryland. Stock.
$300,000_____________ _____
_______
$146,300 f.p ------------$100,000; outstanding, $10,000. Has made a $300,000 mtge. to Fidelity Stock mortgage
$250,000 gold) 1910
6 g J-J
210,000 July 1 1934
Trust Co. of Baltimore, trustee. 2 0 -year 5% bonds, prln.and Int., payable First
($500)________________c&r/Interest at Trust Co. of America, New York.
at Alexander Brown & Sons, Balt.; not guar, by United Rys. ft Elec. Co.
Bonds.— Remaining first mtge. bonds aro reserved for additions and bet
None out. Owns 2.964 miles of road, which Is operated by United Rys. terments.
Subject to call at 102 and Int. on any int. date on 6 months’
______ _
& Elec Co.— V. 87, p. 543.
notice. Citizens' Bank ft Trust Co., Bartlesville, trustee. V. 93, p. 795.
EARNINGS.— For cal. year 1911, gross, $75,254; net, $37,633. In
THE MARYLAND ELECTRIC RAILWAYS CO.
ORGANIZATION. —In 1908 the charter of the Maryland Elec. Ry. was 1910. gross, $53,756; net, $24,521.
acquired by Interests friendly to the United Rys. & Elec, for the purpose,
ROAD.— Owns and operates 8.7 miles of railway In and between Bartles
among others, of using that company to tluance the needs of the United Rys. ville and Dewey. Standard gauge. 60-lb. rails. 6 cars. 2 additional
& Elec. Co., for additional property, and charter amended by Legislature In cars have been ordered.— V. 93, p. 795; V. 95, p. 749.
S e p t .,
191 - . j
13
E L E C T R IC R A IL W A Y S
B IR M IN G H AM , A L A .
BATON RO UG E, L A .
BATON ROUGE ELECTRIC CO.
ORGANIZATION, ETC.— Organized In Louisiana; does entire electric
railway, electric-lighting, power and gas business In Baton Rouge. Rail
way franchise expires 1040; gas 1942, electric-lighting and power 1988.
V. 8 8 .p. 881.
O u tsta n a tn g .
M a tu rity
STOCK AND BONDS—
D a te .
In ter es t.
$300,000 ...................
Common, $500,000 ($100)-------------— ----200.000 June’ 12 ,3%
Pref., $250,000 ($100) 0 % . . . -----J-D
415.000 Feb. 1 1939
1st mortgage, $750,000 gold/ 1909
5 F-A
’($500 and $ l’ 000)’______c*{lnterest at City 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 lnt. on any lnt. day. Sinking
fund of 1% per annum of bonds out begins Feb. 1 1914.
Dividends.— On prcf.,3%semI-ann.from Dec. 1911 to and Incl. June 1912.
EARNINGS.— For 12 mos. end. June 30 1912, gross, $134,811; net, after
taxes, $53,200; lnt., $20,758; balance, $32,502. In 1911, gross, $114,207;
net after taxes, 540,574; Interest, $20,078; balance, $19,890.
ROAD.— Operates 3.9 miles of track In form of a single belt through
Baton Rouge; 13 cars: standard gauge.
OFFICERS.— Pres., Chas. F. Wallace; V .-P., Edw. Godchaux: Seo.,
Alvah K. Todd: Treas., Henry B. Sawyer; Gen. Mgrs., Stone & Vebster;
Mgr., T. C. Keeling— V. 84, p. 500; V. 88, p. 881; V. 89, p. 720.
BIRMINGHAM RY. LIGHT & POWER.
Controlled by the American Cities Co., which owns 88.3% of the common
and 78.8% of the preferred stock. V. 93, p. 228.
ORGANIZATION.— Consolidation on June 13 1901 of the Birmingham
Gas Co., the Consolidated Electric Light Co. and the Birmingham R y .
Light & Power Co. Comprises all the street railways, gas and electrlc-llght
and power plants of Greater Birmingham and Bessemer, with the excep
tion of gas In Bessemer and a small electric plant In North Birmingham.
F r a n c h i s e s covering gas, electrlc-llght and power business and street railway
lines are, with some unimportant exceptions, stated to be perpetual. Owns
and operates a steam-heating plant In Birmingham.
Isidore Newman & Son, New Orleans, are Fiscal Agents.
STOCK AND BONDS.—
D a te .
In ter es t.
O u tsta n d in g .
M a tu rity .
Common ($100) $3,500,000... --1 - semi-ann.
$3,500,000 June’ 1 2 , 4%
5 g J-J
3,500,000 June’ 12, 3%
Pref($100)$3,500,000 6% c u m ___
Birmingham Ry & El 1st M gl 1894 5 g J-J
920,000 July 2 1924
$1,250,000 ($1,000)___ c* )Int. at Cent. Trust Co., N. Y ., Birmingham
J Tr. & Sav. Bank, Birm., trustee.
Gen M ref $10,000,000 goldf 1904
4 A g A-O
8,720,000 April 1 1954
($1,000)---------------------- c*( Int. at Commercial-Gcrmanla Tr. &Sav.Bk.,
.
i New Orl., Trustee, or at N .Y .Trust Co.,N.Y.
Ref & exten M $25,000.0001 1907
6 g M-N
2,300,000 May 1 1957
($1,000)
gold
sinking )Interest at Old Colony Trust Co,. Boston,
fu n d --------------------------- c* J Trustee, and N. Y. agency of company.
B o n d s .— Of the new $25,000,000 bonds, $9,667,000 are reserved for prior
BEATR ICE, NEB.
Hens, $1,200,000 for cost of new power house If first lien on same, balance for
BEATRICE ELECTRIC COMPANY.
80% of cost of additions If net earnings are l A times the lnt. on all bonds
ORGANIZATION.— Formerly operated the street railway In Beatrice, outstanding, Including those to be Issued, and provided 10% of gross earn
7 miles, but this has since been given up and there Is no street railway In ings have been expended for maintenance within previous 12 months. The
operation any longer In Beatrice. The Beatrice Electric now does only an directors may make the rate of Interest on succeeding Installments not to
exceed 6% . B o n d s n o t s u b j e c t t o c a l l . Sinking fund of H of 1% of bonds
electric-lighting business.
out. commences Sept. 1 1918. For details of bonds, property, &c., see V.
87, p. 1603. Of the gen. M. of 1904, no more bonds can be Issued. Sink,
BEAU M O N T, T E X .
fund of A of 1 % of bonds out. begins Aug. 1 1924. The bonds are s u b . t o
BEAUMONT TRACTION CO.
c a l l at 105 & Int.
For 1st 5s of 1894, $12,500 per ann. Is pay. Into a s i n k . f d .
Receivership.— The U. S. Circuit Court at Sherman, Tex., In 1909 ap $330,000 have been canceled.
pointed Jas. F. Weed of Beaumont receiver, on application of Inter-State
D i v i d e n d s .— First dlv. on pref. stock, of 3% , paid In Jan. 1902, and 3%
Trust & Banking Co., In order to protect bondholders, city having threat has been paid s.-a. since then, to and incl. June 1912; on com. stock In 1903
ened a suit to forfeit comoany’s charter. V. 89, u. 347. The company 3 % ; In 1904, 4% ; In 1905. 4% ; in 1906. 5% ; In 1907, 1908, and 1909,
In Feb. 1911, however, adjusted Its differences with City Council relative none; In 1910, 5% ; In 1911, 7% ; in 1912, June, 4 % .
• ■
to franchises, and June 1912 It was understood accountants were engaged
REPORT.— For calendar years;
In auditing the books with a view to ending the receivership. V.94, p. 1702.
N e t a fter
In terest a n d
All the receiver’s certificates have been retired, but up to Sept. 1912 re Y e a r .
G ross.
T a xes.
S in k . F u n d
Surplus
ceiver was still In charge.
$1,120,720
$ 5 6 5 ,9 1 1
$554,809
ORGANIZATION.— Stock out, 5000,000; bonds $500,000. All the 1911 ____________
1,120,862
5 7 3 ,2 9 2
547,570
stock and $100,000 of the bonds arc held by the United Public Utilities Co., 1910 ...................... ____ 2,681,960
____________ ____ 2,286,369
878,625
3 4 3 ,3 1 5
535,310
which company succeeded the Southern Electric Securities Co. sold at 1909
1908 ____________ ____ 2,167,546
733,696
527,386
2 0 6 ,3 1 0
foreclosure Oct. 19 1910.
ROAD.— Owns 12 miles of single track.
R O A D . — O p e r a t e s 1 3 5 .2 m . o f t r a c k In c i t i e s o f B i r m i n g h a m , B e s s e m e r ,
OFFICERS.— Pres., Lynn II. Dinkins; V.-P., Jonas II. Levy; Sec., II. M. a n d In J e f f e r s o n C o u n t y . S t a n d a r d g a u g e . A l l b u t 2 6 m i l e s 7 0 t o 1 0 0 - l b .
Young; Treas., Max Schwabacher, all of New Orleans.— V. 92, p. 393, 460; T a n d g i r d e r r a i l s . O w n s 2 1 5 p a s s . , 4 9 f r e i g h t a n d 3 7 m i s c . c a r s . T o t a l , 3 0 1 .
V. 94, p. 1702.
O F F I C E R S .— P r e s , a n d G e n . M g r ., A . H . F o r d , B ir m in g h a m ; A s s t , t o
BENTON H ARBO R, MICH.
BENTON HARBOR-ST. JOE RAILW AY & LIGHT CO.
ORGANIZATION.— Incorporated In Michigan In Jan. 1906 and Is a con
solidation of the Benton Harbor & St. Joseph Electric R y. & Light Co.
and the St. Joseph River Traction Co.
STOCK AND BONDS— Date.
Interest. Outstanding.
Maturity.
Common, ($100)-................... ............
..........._
$800,000 __________
Pref., $4 00,000 (5100).....................
6 F-A
400,000 ......................
Refund mtge $2,500,000 gold/ 1909 5 g M-N
200,000
June 1935
($500 and $1,000) ______cjlnterest at Columbia Tr. Co., Loulsv., trust.
1st con M. $1,000,000, goldl 1906 5 g M-N
830,000 Nov 1 1935
($500 and $1,000)_______c /ln t. at Columbia Tr. Co., Louisville, Trus.
B H & S J El Ry & L 1st M.) 1900 5 g M-S
170,000 Sept 1 1920
$200,000, gold ($1,000)__ /ln t. at Am. Tr. & Sav. Bank, Chic., Trustee.
Bonds. — Of the $1,000,000 1st cons, bds., $170,000 are reserved to retire
prior liens. They are subject to call on any Interest day at 105. The bonds
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.
bonds, $1,000,000 are reserved for prior liens.
EARNINGS.— For cal. year 1911, gross, $330,329; net, $136,100.
HOAD.— Operates Id'A miles of track In St. Joseph and Benton Harbor,
with extensions of 24 'A miles through Eau Claire to Dowaglac and 10 miles
to Paw Paw Lake, making a total of 51 miles. 60, 70 and 73-lb. girder and
T rails. 25 pass, and 13 other cars.
OFFICERS.— Pres., O. K. Mlnary, Benton Harbor, Mich.; V .-P ., Will
iam Jarvis, Louisville, Ky.; Sec., L. Yv. Botts, Louisville; Gen. Mgr., H. C.
Mason, Benton Harbor.— V. 82. p. 333.
B ID D E FO R D , M E.
BIDDEFORD & SACO RR.— A trolley road. .
ORGANIZATION— Incorporated Feb. 19 1887.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock ($50), $100,000........................
A-O
$100,000 A p r ' l l , 2 Mi
1st mort. $300,000 ($1,000)1 1900
4 g J-D
150,000 June 1 1940
goldc*. No s. f. but can be) Interest at Portland Trust Co. Portland, Me.,
called In 1920 ----------------- j trustee.
EARNINGS— For fiscal years ending June 30
Year—
Gross.
Net.
Int., etc. Dividends. Surp.
1911-12......................$72,585
$23,860
$7,745
$5,000
$11,115
1UIO-I1
-- 68.381
19,277
7,518
5.000
6,759
ROAD— Operates 8 miles of track between Saco, Blddeford and Old
Orchard Beach.
OFFICERS— President, C. H. Prescott, Blddeford: Secretary and Treas
urer, E. F. Lord.— V. 70, p. 1048; V. 73, p. 494.
BINGHAM TON, N . Y .
BINGHAMTON RAILWAY CO.—A trolley road.
ORGANIZATION.— Is a consolidation Sept. 30 1901 of the Binghamton
R R . Co (chartered Aug. 11 1892 as a consolidation of all street railways In
city) and the Iilng. Lestershlre & Union R R . Principal franchises granted
by special Acts of Legislature, and are perpetual and practically exclusive.
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity.
Stock. $1,150,000 ($100)......................................
$978,883 Aug.’ 12 2%
Binghamton R R . Co. M.,1
f
25,000 1913-1917
$900,000, g. $1,000___ c* |
I
($5,000 due yearly
(See text) Interest at Met-) 1893
5 g J-J (
50,000
1918-1922
tropol. Trust Co., N. Y ., |
(10,000 due yearlyScpt-1
Trustee.
J
l
447,000 dueSept 1 ’ 23
Bing. Lest. & Un. 1st M.l 1895 5 g J-D
147,000 June 1,1925
($250,000)
gold, prln-) Interest at Metropolitan Trust, N. Y.
clpal and lnt. guar.____ j
Binghamton Trust Co., Trustee.
Bing. Ry. 1st consol, mort. ) 1901
5 gM-N
1,234,000 Nov. 1 1931
$2,500,000
gold
($ 1,-)Interest at Fidelity Trust Co., Buffalo, Trus000)........................ ......... c*Jtee. 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 R y. 1st
consol, ratge., enough arc reserved to retire underlying bonds and the re
mainder for aoquls'ns, extens., &c., under careful restrictions. They are
sub. to call at 110 & Int. See V. 73, p. 1312; V. 78, p. 701; V. 88, p. 748.
Dividends.— 2% was paid Jan. 31 1902; 2% Mar. 3 1903; 2% Apr. 11
1904 and 2% Apr. 10 1905. A scrip dividend of 20% was paid Apr. 18
1905. In 1900, 2 1 4 % ■ In 1907, 2 A % . In 1 9 0 8 , 2 A % . In 1909, Sept.,
2A % In 1910, Sept., 2 A % . In 1911 , Sept., 3% . In 1912, Feb., 2% ;
Aug., 2 % .
ROAD.— Operates 48 miles of track. Connects Binghamton with
Lestershlre, Hooper, Endlcott, Union and Port Dickinson. An extension
from Union to Owego Is being constructed. Standard gauge, 60-lb. to 94-lb.
T and girder rail; 75 motor cars and 27 trail cars.
EARNINGS.— For year ending June 30 1912, gross, $409,675; net, $188,
653; int. & taxes, $113,231; sur., $75,422. In 1910-11, gross, $372,211;
net, $159,684; Int. & taxes, $110,780; sur., $48,904.
OFFICERS.— Pres. G. T. Rogers; V.-P. Geo. E. Greene; Secretary, John
B. Rogers; Treas. H. C. Hardle; Gen Man. and Pur. Agt., J. P. E. Clark;
Office, Binghamton, N. Y.— V. 88, p.
n V. 90, p. 770; YU 91, p. 275;
V. 93, p. 665, 1 190, 1785; V. 94, p. 205, 349, 1117; V. 95, p. 360.
P r e s . , YV . S . S l o a n ; V . - P . , L e e C . B r a d l e y , B i r m i n g h a m ; S e c . , J . P . R o s s ;
T r e a s ..a n d A u d ., T h e o . H . R a b e .— V . 8 7 , p . 1 6 0 3 ; V . 9 0 , p . 5 3 ; V . 9 1 , p .3 7
V . 93, p . 104, 1724.
BLOOMSBURG, P A .
COLUA1BIA POWER, LIGHT & RAILWAYS CO.
Proposed New Companies.— T h e p r o p o s e d p l a n ( V . 9 4 , p . 1 0 5 6 , 9 8 2 ) t o
fo r m t w o n e w c o m p a n ie s , o n e t o t a k e o v e r th e t r a c t io n p r o p e r tie s a n d a n
o t h e r t o t a k e o v e r t h e e le c t r ic lig h t a n d g a s c o m p a n ie s , h a s fa lle n t h r o u g h .
O R G A N I Z A T I O N . — I n c o r p o r a t e d In D e l a w a r e .
O w n s e it h e r th e w h o le
o r o v e r 9 0 % o f t h e c a p i t a l s t o c k , a n d In s o m e c a s e s t h e m a jo r i t y o f t h e b o n d s ,
o f t h e f o l l o w i n g c o m p a n i e s , o p e r a t i n g In t h e t o w n s o f B l o o m s b u r g , D a n
v ille , C a ta w ls s a a n d B e r w ic k ; C o lu m b ia & M o n t o u r E le c . R y . ($ 3 7 5 ,0 0 0
s t o c k ) w i t h w h i c h t h e D a n v i l l e & B l o o m s b u r g S t . R y . w a s c o n s o l i d a t e d In
M a y 1 9 1 1 ( V . 9 2 , p . 1 4 9 8 ) ;B e r w l c k E l e c . L t . C o .; Y V est B e r w i c k E l e c . L t . .
H e a t & P o w e r C o .; I r o n d a le E le c . L t ., H e a t & P o w . C o .; U n it e d G a s &
E le c . C o ., S ta n d a r d G a s C o . a n d S ta n d a r d E le c . L ig h t C o .
STOCK AN D BONDS—
Date.
Interest. Outstanding.
M aturity.
C o m m o n $ 8 5 0 , 0 0 0 _________________
$ 8 5 0 ,0 0 0
_______________
P r e f e r r e d $ 3 5 0 , 0 0 0 _______________
3 0 5 ,5 0 0
_______________
C o l l a t t r u s t m t g e $ 8 5 0 , 0 0 0 g .\ 1 9 0 9
5 g
6 2 1 ,9 0 0 F e b
1 1939
($ 1 0 0 , $ 5 0 0 a n d $ 1 , 0 0 0 ) - - / I n t . a t C o m m o n w e a lth T r . C o ., H a r r ls b .,T r .
C o l A M o n t 1 st M $ 3 7 5 ,0 0 0 g l 1 90 1
5 g J -J
3 7 5 ,0 0 0 J a n
1 1931
( $ 5 0 0 a n d $ 1 , 0 0 0 ) _____ c & r j l n t . a t C o m m o n w e a l t h T r . C o . , H a r r l s b . , T r .
D a n v & B lo o m s b S t R y
b d s .... ..............
1 5 7 ,5 0 0
............. ..............
B e r w i c k E l e c L i g h t C o b o n d s . _______
7 9 ,0 0 0
_______________
Bonds. — C o l l , t r u s t b o n d s a r e s u b j e c t t o
in p a r t a t 1 0 5 a n d I n t e r e s t .
c a l l a f t e r 5 y e a r s In w h o l e o r
E A R N I N G S . — F o r y e a r e n d in g J u ly 1 1 9 1 2 , g r o s s , $ 2 2 2 ,8 8 0 ; n e t , a ft e r
t a x e s , $ 8 8 ,1 8 5 ; ln t ., $ 6 3 ,7 1 2 ; s u r p lu s , $ 2 4 ,4 7 3 .
I n 1 9 1 0 - 1 1 , g r o s s , $ 2 1 8 '
1 3 6 ; n e t , a ft e r t a x e s , $ 8 7 ,7 1 4 ; ln t ., $ 6 8 ,7 7 7 ; s u r p lu s , $ 2 4 ,0 0 7 .
R O A D .— O p e r a te s b e tw e e n D a n v ille , B lo o m s b u r g , C a ta w ls s a a n d
w ic k .
S ta n d a rd g a u g e.
B e g a n o p e r a tio n s J u ly 1 9 0 9 .
B er
O F F I C E R S .— P r e s ., E . R . S p o n s le r , H a r r is b u r g ; V . - P . , M y r o n I . L o w ;
S e e ., A . W . D u y : T r e a s ., M . M llle ls e n , a ll o f B l o o m s b u r g .— V . 8 9 , p . 4 1 0 ;
V . 92, p . 1498; V . 94, p . 982, 1056.
BLU FFTO N, IN D .
MARION BLUFFTON & EASTERN TRACTION CO — A trolley road.
Receivership .— A s a r e s u l t o f a h e a d - o n c o l l i s i o n o n J u l y 7 , In w h i c h f o u r
p e r s o n s w e r e k i ll e d a n d 6 0 o r m o r e I n ju r e d , a n d a n o r d e r o f t h e S t a t e R R .
C o m m i s s i o n r e q u i r i n g h e a v y o u t l a y s f o r I m p r o v e m e n t s , t h e Y V e lls C o u n t y
C ir c u it C o u r t o n J u ly 24 a p p o in t e d th e U n io n S a v in g s & T r u s t C o . o f B lu ffto n a s r e c e iv e r .
T h e c o m p a n y a d m it t e d it s I n s o l v e n c y .
V . 95, p . 297.
O R G A N I Z A T I O N . — O r g a n i z e d In 1 9 0 5 In I n d i a n a . P r i v a t e r i g h t o f w a y .
L e a s e s t h e B l u l l t o n G e n e v a & C e lln a T r a c t i o n C o .
STOCK AN D BON DS—
Date.
Interest. Outstanding.
M aturity
C o m m o n , $ 8 5 0 , 0 0 0 ( $ 1 0 0 ) .....................................................
$ 8 5 0 ,0 0 0
_______________
F ir s t m t g e , $ 8 5 0 ,0 0 0 ( $ 1 ,0 0 0 ) 1 1 9 0 7
5 g J -J
7 2 0 ,0 0 0
Jan 1 1937
g o ld , n o s f & n o t r e d - . c & r i l n t a t M a rlo n T r u s t C o ., I n d ia n a p o lis ,T r u s t .
B O N D S .— $ 1 3 0 ,0 0 0
r e s t r ic t io n s .
a re
reserved
fo r
fu tu r e
b e tte r m e n ts
under
ce r ta in
R O A D . — O p e r a t e s 51 m ile s o f t r a c k ( I n c lu d in g 19 m ile s f r o m B l u f f t o n t o
G e n e v a , l e a s e d ) , b e t w e e n M a r l o n , w h e r e c o n n e c t i o n Is m a d e w i t h I n d i a n a
U n io n T r a c . C o . lin e s a n d K o k o m o M a r lo n & Y V e st. T r a c t io n C o ., a n d
B lu fft o n . I n d ia n a , c o n n e c t in g t h e r e w ith F t . Y V a y n e & W a b a s h V a lle y
T r a c . a n d I n d ia n a U n io n T r a c . C o .
S ta n d a rd g a u g e .
7 0 -lb . T r a il.
E A R N I N G S .— F o r 12 m o n t h s e n d in g D e c . 31 1 9 1 0 , g r o s s , $ 1 0 7 ,2 7 8 ; n e t ;
$ 5 0 ,5 2 0 .
I n 1 9 0 9 , g r o s s , $ 1 0 4 ,0 8 8 ; n e t . $ 4 9 ,6 3 7 .
O F F I C E R S . — P r e s . , r i . C . A r n o l d : V . - P . , L . A . Y V I l ll a m s o n ; S e c . a n d
M g r ., R . F . C u m m in s ; T r e a s .. YV. A . K u n k e l; A u d . , J . S . C la r k ; S u p t . , C . YV.
C la r k ; a ll o f B l u f f t o n . — V . 9 5 , p . 2 9 7 .
(1)
Bluffton Geneva & Cclina Traction Co.— A
tr o lle y r o a d .
O R G A N I Z A T I O N , & c . — O r g a n i z e d In I n d i a n a In 1 9 0 7 .
P r iv a te rig h t
of w ay.
W a s le a s e d J u ly 1 1 9 1 0 t o th e M a r lo n B lu fft o n & E a s t e r n T r a c .
S t o c k , $ 4 5 0 ,0 0 0 c o m . , $ 2 2 5 ,0 0 0 ( 5 % c u m .— J .- J .) p r e f.
R o a d , 1 9 m i l e s of
tr a c k b e tw e e n B lu fft o n a n d G e n e v a th r o u g h V e r a C ru z a n d L in n G r o v e .
P r e s ., I I . C . A r n o ld
V . - P . , A . G . B r ig g s ; S e c ., R . F . C u m m in s ; T r e a s .,
W . A . K u n k e l.
BOISE
CITY ID A H O .
IDAHO RAILWAY, LIGHT & POYVER CO.
O R G A N I Z A T I O N . — I n c o r p o r a t e d I n M a i n e In 1 9 1 2 w i t h $ 2 0 , 0 0 0 , 0 0 0
c o m m o n a n d $ 1 0 , 0 0 0 ,0 0 0 6 % c u m . p r e f . s t o c k t o a c q u i r e t h e f o l l o w i n g
F lo ls e
B o ise
B o is e
In tcru rb a n
R R ., L td .
V a lle y R y .
R y.
.
.
• ■
. .
| C a ld w e ll P o w e r C o .
E le c . L t . & P o w . C o .,
F a lls P o w e r C o . ^
.
. .
I • •jD ew ey
. |Sw an
Ltd,
.
14
E L E C T R IC R A IL W A Y S
In the following are shown outstanding securities of the constituent com
panies, but which It Is expected to take up presently with the securities
of the new company.
BONDS—
Date.
Interest.
Outstanding.
Maturity.
Boise & Int 1st M $5,000,0001 1896 5 g A-O
1,068,000
1936
g($l,000)s f&sub to call c& r/Int. at Colonial Trust Co., Plttsb., Trustee.
Boise RR Ltd first mortgage! 1906 5%
389,000 Deo 1 1936
$750,000 ------------------------- /ln t . at Germantown Tr. Co., Phlla., Trustee.
Boise Valley R y 1st mtgc___ _____
5%
7,500 __________
PROPERTY.— Railways comprise about 70 miles of track (incl. approx.
17 miles In Boise) extending from Boise to Caldwell, Boise to Nampa, and
from Nampa to Caldwell. Also owns a 550-ft. 5-span bridge over Boise
River and a freight terminal and city passenger terminal and office build
ing In Boise. Hydro-elec, plant on Snake River about 27 miles southwest
of Boise, present capacity 4,000 k. w.; ultimate development of about
7,500 k. w. Sec V. 94, p, 1626.— V. 94, p. 1626; V. 95, p. 236, 480.
In Dec. 1908 the Massachusetts Railroad Commission sanctioned
$6,650,000 additional stock (raising stock to $19,950,000) at $110 per share
(Instead of the $8,000,000, petition to Issue which was withdrawn, V. 85,
p. 1461), to defray the cost of the Cambridge subway and for the construc
tion of the East Cambridge and the West End elevated lines. V. 87, p.
1662. V . 88, p. 1372. On Sept. 29 1911 shareholders authorized a new
Issue of $5,000,000 bonds for construction, equipment, funding lloatlng
debt, &c. V. 93, p. 870, 1105.
Dividends. — First div., 2 K % . was paid Aug. 15 1898. In 1899, 5 H % ;
in 1900, 4 A % ; In 1901, 5 H % : In 1902 to 1912 inclusive, 6% yearly.
ANNUAL REPORT.— Report of Boston Elevated R y. for year end,
Juno 30 1911, In V. 93, p. 1384, For 9 mos. ending June 30 1910, In V. 92.
p. 115. For year ending Sept. 30 1909, In V. 90, p. 105. For 1908, In V.
88, p. 98. Fiscal year was changed in 1910 to end June 30 and report for
1909-10 is for 9 mos. ending June 30 only.
1910-11.
1909-10.
1908-09.
1907-08.
Revenue passengers...*305,098,665*220,127,890*281,008.471*273,132,584
Car miles run................. 54,647,196 39,296,522 51,127,681 51,857.889
Earnings—
BOSTON, M ASS.
BOSTON ELEVATED RAILW AY.— (See M a p on page 15.)
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 fi-'un
reduction of fares, and also other Immunities.” (See Massachusetts RR.
Commission, V 65, p. 1223.) Elevated cars run with electricity by "thirdtall” 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.
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 lloatlng debt,
&c. See V. 80, p. 1423. On June 1 1912 put in operation tho East Cam
bridge elevated extension, extending from Lechmere Sq., East Cambridge,
through the West End of Boston, to North Station. V. 94, p. 1565.
On April 29 1903 leased from the Old Colony Street R y. (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 6 A % of replacement value
(appraised at $353,979, less the rental of certrln 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 R y. Is
leased until June 10 1922.
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 R y. until June 10 1922 for a rental of A of 1 % of
earnings of all lines owned, leased or operated. The company also collects
a toll of one cent per person, which goes to the city; but under the general
extension of contracts made In 1911, this provision will bo eliminated after
June 10 1922. The tunnel was opened Dec. 30 1904. It extends from tho
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
has constructed 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 Sept. 1912 was $7,580,203 net. V. 88, p. 98. Propo
sition v/as 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 opera
tion 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 Blverbank Subway, but tills was repealed
In 1911.
Subways in Cambridge.— in June 1906 a measure passed by the Massa
chusetts Legislature became a law. which permits the Boston Elevated 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 aggregateof $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 Mch. 13 1912. V. 94, p. 1185.
New Construction of Subways and Old Contracts to be Extended.— In July
1911 Mass. Legislature passed an Act (accepted by the city and Host. Elev.
In Sept. 1911) providing for the construction by the city of three additional
subways, viz., Dorchester Tunnel, Boylston St. Subway and East Boston
Tunnel extensions and the extension of all existing contracts until July 1
1936, the date to which contracts for new lines are to run. Annual rental
after expiration of old contracts to be as follows: Tremont St. Subway
(see under West End). 4 A % on net cost; East Boston tunnel (now expiring
June 10 1922), 4 A % on net cost (provision for tolls from passengers using
the tunnel eliminated for extension period); Washington St. tunnel (now
expiring Nov. 30 1933), 4Ki% on net cost. Annual rental for new lines:
Cambridge connection, for first 20 years, 4 1 4 % on net cost; thereafter 4 A %
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.
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. Tills was affirmed April 1903
by Massachusetts Supreme Court. V. 76, p. 809.
Strike.— The strike of conductors and motormen, which began June 7
1912, was ended July 29 1912, the company having agreed not to discrimi
nate between union and non-union men. V. 95, p. 296.
Consolidation with West End Street R y . — 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 Host. Elev.
(having the ordinary voting powers, but not “ entitled to participate In any
Increase or Issue of new stock, com .or pref.” ),t o 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
R y. shall forthwith sell to the Elev. Co. all unused real estate, the proceeds
not exceeding $1,500,000 to be Invested as a special trust fund and accumu
late until June 10 1922. Thereafter the annual Income thereof shall be
applied to cancellation of 2d pref. stock.1 When all the 2d pref. has been
retired then said fund shall be applied by the Elevated R y. 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 10 1922 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. com.
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
the West End St. R y. and dismissed the suit to prevent the merger. V.
95, p. 618.
STOCK AND BONDS.
Date.
Interest. Outstanding
M aturity.
Stock, $ 23 ,000 ,00 0 ($ 1 0 0 ) ..............
F-A
$19,950,000Aug 15’ 12 .3%
Debentures, gold.............c&r\ 1905
4 g M-N
8,500,000 May 1 1935
'
jOId Colony Trust Co.. Boston, Registrar.
Debentures, gold_________ c&r 1907
4A %
4,800,000 Oct 1 1937
Debentures gold ______c*&r* 1911
4M %
5,000,000 Nov 1 1941
B onds. —-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
Issues are In denominations of $1,000, $5,000, $10,000 and $50,000.
[VO L. L X X X XV .
$
$
$
$
Passenger...................... 15,227,984
Malls, rentals, adv., &c.
407,981
Int. on deposits, &c____
63,250
10,984,441
261,182
138,064
14,024,768
331,043
138,042
13,628,383
330,205
116,108
Total gross__ ______ 15,699,215
Net earnings__________
5,580,151
11,383,687
4,062,290
14,493,853
5,005,369
14,074,696
4,620,311
Int. on West End debt.
716,180
Taxes, West End______
662,262
Taxes, Boston Elevated
437,462
Compensation tax_____
145,109
Rental of subway____
185,305
Dlvs. on West End stock 1,358,848
Other rentals__________
19,810
Rent to 01dCol.St.Ry.,&c.
48,424
274,508
Int. on Bos. El. fund d’ t
324,000
Wash. St. Tunnel rental
57,782
East Bos. Tunnel rental
Depreciation fu n d _____
510,135
468,032
342,418
106,239
138,623
967,808
6,885
36,279
281,001
255,000
41,674
680,180
631,116
293,488
139,171
186,792
1,290,410
9,180
46,566
378,009
254,924
53,216
200,000
668,280
574,113
294,017
117,189
205,522
1,270,841
9,180
41,283
348,137
Deductions—
51,685
200,000
Balance................ ...... 1,350,461
908,196
840,064
841,417
D ividend...................(6%) 1,197,000(4 H)897,750(6%)802,503(6%)798,000
Surplus for year.........
153,461
10,446
* These figures cover revenue passengers only.
free transfer passengers.
Iioad June 30 1912.
38,914
42,064
No data available os to
M iles. I
M iles.
Main 1st track(13.399m.“ L” ) 240.313] Owned by West E nd___ ...415.224
Main 2d track(13.179 m ."L ” ) 206.2351Leases,tr’k’ge,&c.(35.0l8"L” ) 91.867
Sidings, &c. (8.440 m. “ L” ) . 60.543|
--------------------- Total (lncl. 35.018 “ L” ) ..507.091
Total (incl. 35.018 m. "L ” )’507.0911Electrically equipped_______500,000
Weight of girder rails Is 70 to 100 lbs. Cars, 3,590; horses, 245; electrlo
motors, 6,627; snow plows, 306: snow sleds, 621; mlsc. vehicles, 481.
OFFICERS.— Pres., William A. Bancroft; V.-Ps., Charles S. Sergeant
and Matthew C. Brush; Treas., Henry L. Wilson; Sec., Henry S. Lyons;
Aud., .1. 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.
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 Bos
ton Elevated Ry. See particulars under latter company.
In Dec. 1896 leased the right to use the Tremont Street subway at 4 A %
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 and new construction.
On April 6 1912 Mass. R R . Comm, approved the Issue of $754,000 addi
tional 4 14% bonds of 1910 to pay In part the cost of Imp’ts 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.
STOCK AND BONDS.—
Date.
M aturity.
Interest. Outstanding.
om stock (550)512,510,150.. ___
Oct ’ 12, 3 A
7 A-O $12,510,150
;
Preferred ($50) $6,400,000__
8 J-J
6,400,000 July’ 12, 4 %
Gold bonds of 1894__________ 1894
4 A g M-S 2,000.000 Mch 1 1914
Gold bonds of 1896, $2,275,1 1896
4 g M-N
815,000 May 1 1916
000 not mortgage________ '(
Gold bonds of 1897, $2,700.-1 1897
4 g F-A
2.700.000 Feb
000 not mortgage__
cf
Currency bonds ($1,000) not! 1900
___
..
4. .F-A
4.743.000 Aug _____
1 1915
m ortgage---------------------- c]Interest at Old Colony Trust Co., Boston.
Bonds ($1.000).........
c* 1902 4 F-A
5,709.000 Aug 1 1932
Bonds ($700.000)_________ c&r 1908 4 A J-J
700.000 Jan 1,1923
Bonds ($1,000) .................c&r 1910 4 A J-J
1,604,000 July 1 1930
Bonds.— With the exception of 1900 Issue (noted above) interest on all
issues Is payable at American Trust Co., Boston.
OFFICERS.— Pres., Joseph B. Russell; Treas.. Parkman Dexter —
V. 88, p. 1()2, 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.
(2) Somerville Horse RR.
Owns 8.03 miles of track. Leased to West End Street Ry. for $9,180
yearly— 6 % on $153,000 stock. Dividends arc payable (M&N) In Boston.
BOSTON SUBURBAN ELECTRIC COMPANIES.— A trolley system.
ORGANIZATION.— This company Is a voluntary association formed In
Nov. 1901 on the same lines as the Massachusetts Electric Companies. Con
trols through stock ownership the Middlesex & Boston Street Ry. (into
which the Natick & Coehltuate St. R y., the Wcstboro & Hopkin. St. Ry.,
the Newton & Bos. St. R y., the Newton St. Ry., and the Lex. & Boston St.
Ry. have been merged.) In 1902 purchased Norumbcga Park and Lexing
ton Park. In 1908 -Massachusetts HR, Comm, sustained action Increasing
fares on several of the subsidiary lines from 5 to 6 cents. V 87 n. 345
Has acquired freight rights In several of the towns along Its lines.
STOCK.—Shares have no par value, but In case of liquidation the pre
ferred shareholders will be entitled to $100 per share, with accrued divi
dends; the common shares 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 one share of com. Jointly. Listed on Boston Stic. Exch.in Anr. 1905
Dale.
interest.
Outstanding.
M aturity.
Common stock______________ _____
_________ 50.296sh. __
Preferred stock, $4 per sh. c u m ___
Q-J
32,387 sh. July 15 *12 SI
Coupon notes, $2,000,0001 1909
4 J-D
1,100,800 Dee. 11919
($100, $500 and $1,000)__ /Interest at Boston Safe Deposit &Trust Co.
Notes. —The 1909 notes are not specially secured but are simple obli
gations of the company, subject to call on any Interest date on 60 days’
notice at 105 before Dec. 1 1914, thereafter at 102 A . V. 89. p . 1068.
ROAD.—Companies owned and controlled operate In the aggregate about
HI 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 R y. At
Westboro connection Is made with the Worcester Consolidated.
Dividends.— First of $1 on preferred paid April 1902; also $1 July 1902
and $1 Oct. 1902. In 1003, $4: in 1904, $2 50; In 1905, $2; In 1906, $2.75;
In 1907, $3. Jan., April and July 1908 dlv. passed. In Oct. 1908 divs.
resumed and paid 75 cents. In 1909, $3; In 1910, $4; In 1911, $4; in 1912,
Jan., $1; April, $1; July, $1. Arrears of dlvs. to July 1012, $10.
REPORT.— For 9 mos. ending June 30 1911; Income, gross, $151,004;
net, $97,638; dlvs., $97,161; surplus, $477.
OFFICERS.— Pres., Adams D. Claflln; V .-P., Sydney Harwood; Treas.,
Aldcn E. Vlles; Sec., A. A. Ballantino; Asst. Treas., G. M. Cox.— V. 87, p;
36. 345, 812, 1418, 1532; V. 88, p. 1126; V. 89, p. 720, 840, 1068, 1541.
V. 90, p. 53; V. 91, p. 37; V. 94, p. 281.
16
E L E C T R IC R A IL W A Y S
|V O L . L X X X X V .
(1) Middlesex & Boston Street Ry.— Trolley.
(1) Bay State Street Ry.— An electric road .— (See M ap on page 17.)
ORGANIZATION.— Organized In 1007 and took over the South Middle
ORGANIZATION.— This was the Lynn & Boston R R . (lncorp. In Mass.
sex Street R y., sold at receivers’ sale July 1 1007, and has since acquired April 6 1859), but on July 23 1901 name changed to Boston & Northern
and merged the VVestborough & Ilopkinton St. R y., the Natick & Cochltu- St. R y. and on Aug. 8 1911 name was again changed to present title. The
ate St. R y. (V. 87, p. 1420), the Newton St. R y. (into which Waltham St. following companies have been absorbed from time to time. The latest of
R y. had been merged and which had acquired Commonwealth Ave. St. R y. these absorptions was In June 1911, when the Bos. & Nor. took over the
and Wellesley & Boston St. Ry.) V. 80, p. 778, and the Newton & Boston Old Colony and Issued 7,767 shares of pref. and 80,041 shares of com. In
St. R y. (V. 80, p. 003). On May 0 1012 Mass. RR. Commission granted exchange for like amount of Old Col. Street Ry. stock.
permission to absorb by consolidation the Lexington & Boston St. Ry. and Beverly & Danvers.
Mystic Valley.
Issue $525,000 stock In exchange $ for $ for stock of absorbed company. Boston Milton & Brockton.
Needham & Boston.
V. 04, p. 1317.
Braintree & Weymouth.
New Bedford MIddleb. & Brockton.
In Dec. 1011 Mass. RR. Comm. auth. the company to Issue $1,483,000 Brldgew. Whitman & Rockland.
Norfolk Central.
ref. bonds, of which $1,200,000 have been Issued. See below and V. 03, Brockton Brldgew. & Taunton.
Norfolk Suburban.
p. 1787, 731.
Brockton & East Bridgewater.
North Woburn.
On Aug. 1 1908 Massachusetts R R . Comm, gave a decision sustaining Dlghton Somerset & Swansea.
Old Colony Street Ry.
Newton St. R y .’s right to charge 6-cent fares and to charge one cent extra East Side Brockton & Holbrook.
Providence & Taunton.
(beyond the ordinary 5 cents) for each transfer Issued. See V. 87, p. 345. Georgetown Rowley & Ipswich.
Quincy & Boston.
In Aug. 1909 Comm, granted the Middlesex & Bost. the right (for an ex Globe Street Ry.
Reading & Lowell.
perimental period of one year) to charge one cent extra (beyond the regular Gloucester Essex & Beverly.
Reading Wakefield & Lynfleld.
5 cents) for each transfer Issued: In Aug. 1010 privilege was continued for Gloucester & Rockport.
Rockland & Abington.
another year, and In Aug. 1911 privilege was again extended.
Gloucester Street Ry.
Rockport Street Ry.
Hanover Street Ry.
Salem & Wakefield.
STOCK AND BONDS.— Date.
Interest. Outstanding.
Maturity.
South Shore & Boston.
Stock, $1,987,000...............................
.............
$1,987,000 June 11,5% Haverhill & Andover.
Taunton & Brockton.
First and ref M $5,000,000/ 1912 4 'A g J-J
1,200,000 Jan 1 1932 Haverhill Georgetown & Danvers.
Taunton Street Ry.
gold ($1,000)___________ c\Int. at Boston Safe Dep. & Tr. Co., trustee Hlngham Street Ry.
Wakefield & Stoneham.
Commonwealth Ave first mtg\ 1896
5 g F-A
75,000 Feb 1 1916 Lawrence & Reading.
Lowell & Woburn.
West Roxbury & Rosllndale.
$75,000 ($500) gold__ .c * jln t. at Internat. Tr Co., Boston. Trustee.
Whitman Street Ry.
Lex & Bost 1st M, $500,000,1 1900 ’ 4 H g A-O
500,000 July 1 1920 Lowell Lawrence & Haverhill.
Woburn & Reading.
g ($1,000), callable 105.C*/Interest at Beacon Trust Co., Boston, Trust. Lowell & Suburban
,
Current liabilities June 30 1911.............................. 1,757,637 ................... Middleton & Danvers.
On Aug. 15 1912 Mass. RR. Comm, granted authority to Issue $2,000,000
Bonds. — Of the 1st & ref. bonds, $75,000 are reserved to retire under
lying bonds: $208,000 are Issuable at any time for corporate purposes and 5% coupon notes to fund (loatlng debt and $1,470,000 additional com.
$3,517,000 are for additions, exten. and impts. Callable on any Int. day 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
on 30 days' notice as follows: Jan. 1 1917 to July 1 1921 Inch, at 107/3 and
int.; Jan. 1 1922 to July 1 1026 inch, at 105 and int.; Jan. 1 1927 to July 1 towns along Its lines. In Sept. 1911 Mass. R R . Commission granted au
thority to carry coal In car-load lots or less, in Dracut, Methuen, Middleton
1931 incl., at 102/3 and int. V. 94, p. 351.
EARNINGS.— For year ending June 30 1912, gross, $906,089; net, $240, and North Andover.
Decision regarding carrying children for half-fare.— In May 1912 the full
737: charges, $169,797: surplus, $70,940.
ROAD.— Owns 95.847 miles of track In Newton, Waltham, Water bench of Mass. Supreme Court sustained the constitutionality of Chap. 576,
town, Natick, Wellesley, Framingham, Hopkinton, Needham, Westboro, Acts of 1911, providing that street railways shall carry school children un
Sherburn, Wayland, Belmont and Ashland, connecting with the Worcester 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
Consolidated Street R y., the Boston Elevated Ry. (at 4 points), &c.
I'orms a link in a through line from Boston to Worcester. Also owns 32.356 former Old Colony Street Ry. (now a part of the Bay State St. Ry.) In
miles of track, leases 0.745 mile; total, 33.101 miles, extending from Arling the city of Boston for 00 years. The lease provides for the payment of all
ton Heights (terminus of Boston Elev. system) through Lexington and Bed taxes and also 6 H % on replacement value (appraised at $353,079, less the
ford to Billerica, where cars go through to Lowell without change, and also rental of certain short pieces of track appraised at $13,866) of property
to the Sullivan Square Charlestown, station of the Boston Elev. Ry., with leased as of date Feb. 16 1903, and 4% on all additions and betterments.
branches to Waltham and to Concord. Total track owned, 128.203 miles.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last dlv.,& c
265 pass, and 13 work cars; 26 snow plows and sweepers. 60 to 75-lb. T Stock common (par $100)________
___
$20,517,200 June ’ 12,2%
and 05-lb. girder rails.— V. 89, p. 778, 093; V. 93, p. 731, 1787; V.91, p. 1st pref ($100)........................ \
F-A
2,088,600 A u g.’ 12, 3%
207, 351, 1317.
6% cum.................................(
Serial notes, $2,000,000._.c / 1912
F-A
2,000,000 .See text
(a) Newtonville & Watertown Street Ry.— Trolley.
Unterest at American Trust Co., Boston.
ORGANIZATION.— Operates about 5 miles of track. Stock, $50,000.
& Nor ref mtge, $15,000,-) 1004
4 g J-J
6,879,000 July 1 1954
outstanding, $50,000; par $100. Unfunded debt June 30 1911, $59,650. Bos
000, gold ($ 1 ,0 0 0 ) ---------c* JInt. at American Trust Co., Boston, Trustee.
No funded debt. Operated by Middlesex & Boston St. Ry. under lease of Lynn
<Jc Boston 1st mtge. g,l
1804 5 g J-D
3,723,000 Dec 1 1024
1807 at a rental of 7.2% per annum on the stock, payable Feb. & Aug.
$5,379,000 ($1,000)------c*fln t. at Old Colony Tr. Co., Boston. Trustee.
R * I lst m tc° (51.000),1
1900 5 g J-D
180,000 June 1 1920
MASSACHUSETTS ELECTRIC COMPANIES.— Street railways. (See G $180,000,
gold----------------- /Interest at City Trust Co., Boston, Trustee
M a p on page 17.)
H
G
&
D
lst
mtge.....................
1899
5
35,000 Mch 1 1919
ORGANIZATION.— Formed In May 1800. Is not an Incorporated
notes, $405,000--------- 1807 6 A-O
405,000 April 1 1 9 1 7
company, but a voluntary association managed by a board of fifteen trus Coupon
Es’x & Bev lst M,1
1896 5 g J-D
125,000 Dec 1 1916
tees, who hold the title to Its assets. Messrs. E. Rollins Morse <&Bro. and Gloucester
($1,000), gold.c*/Interest at Amer. Tr. Co., Boston, Trustee
Tucker, Anthony & Co. of Boston, who promoted the combination, In June __$125,000
& Stoneham lstl 1895
5 g M-S
150,000 Mch 1 1 9 1 5
1890, In offering some of the stock for public subscription ($1,000 of pre Wakefield
mtge, $150,000, gold___ c)
ferred and $500 common was offered for $1,050), stated that “ the Declara
The
last
Issue
Is
redeemable
at
105.
Int.
at
Am.
Trust
Co., Boston, Trus.
tion of Trust contains strict provisions against the creation of any Indebted
The Mystic Valley St. Ry. has out $60,000 gold 5s, due Jan. 1 1919.
ness whereby any shareholder or trustee can beheld to any personal lia
The
Rockport
St.
Ry.
has
outstanding
$12,500
6
%
coupon
notes dueOct.
bility.” Comprised originally between 30 and 40 separate properties, but
1016, Interest payable April and October,
through consolidation there Is now only one operating company, namely the 15The
Gloucester & Rockport has outstanding $10,000 6% coupon notes
Bay State St. R y., practically all of whose common stock is owned by the dated Feb.
1 1895 and due Feb. 1 1915.
Massachusetts Elec. Cos. The Hyde Park Elec. Lt. Co., formerly owned,
„
Lowell Lawrence & Haverhill.
was sold on Jan. 3 1912 to Edison Elec. Ilium. Co. Interests.
B
O
N
D
S
—
Date.
Interest. Outstanding.
Maturity.
The system comprises electric street railway lines In 22 cities
$802,000 June 1 1923
and 70 towns In Eastern Massachusetts and New Hampshire and Rhode Lowell Lawrence & Haverhill) 1893 5 g J-D
lst mtge, $1,900,000, gold, ISubJ. to call for the sink, fund at 105 & Int.
Island, covering the greater part of the street railway mileage north of
$1,000 ------------------------c*JInt. at Amer. Trust Co., Trustee, Boston.
Boston as far as Nashua, N. H ., and Ncwburyport and Gloucester, Mass.,
1898 5 J-J
64,000 Jan 1 1928
and south as far as Fall River and New Bedford, Mass., and Newport, People’s St Ry, West New-j
bury, Mass, lst mortgage (interest at State Street Trust Co., Boston.
R. I., connecting directly with the street railway system of Boston; also
bonds, assumed__________ J
an electric-lighting property In Newport, R. I.
Payment of Accrued Divs. on Pref. Stock.— On Jan. 5 1912 pref. sharehold
OLD COLONY STREET RY. SECURITIES.
ers received $3,647,000 in negotiable warrants for additional pref. stock, to
BONDS—
Date.
Interest. Outstanding.
M aturity.
represent accrued dividends of 17/4% on pref. shares. New pref. shares Ref M, $10,000,000, goldl
1904 4 g J-J
$5,143,000 July 11954
Issued July 1 1912; V. 93, p. 1462; V. 04, p. 68.
($1,000)_______________c*/In t. at Old Colony Tr. Co., Boston, Trustee.
689,000 Oct 1 1024
STOCK AND BONDS.— The share capital Is represented by certificates Brockton (Consol) St Ry lstl 1894 5 g A-O
mtge $750,000 g old-........../I n t . at State Tr. Co., callable at 105 & int.
of participation, which give the owners a proportion Interest In the shares
5 J-J
’
100,000 July 1 1 9 1 9
held by the trustees. Both classes of shares are reported exempt from taxa Boston Milton & Brockton) 1809
lst mtg bonds, $100,000../I n t . at Inter’l Tr. Co., Boston, Trustee.
tion In Massachusetts. Listed on the Boston Stock Exchange In April lo o i.
Br’ckt’n Bridgewater & Taunl
1897 5 g F-A
200,000 Aug 1 1 9 1 7
The consolidated balance sheet of companies controlled shows $2 1 , 1 3 5 ,9 0 6
IstM.g, $200,000($1,000)0*] Int. at Am. Tr. Co., Boston, Trustee.
tock of the controlled company June 30 1912, of which $2,088,600 Is pref.;
1898 5 g F-A
30,000 Feb 1 1918
funded debt June 30 1912, $20,627,000, and notes for amounts due Mass. Brock & E Bridgewater lstl
M ,g, $30,000____________ j Int. at Am. Tr. Co., Boston, Trustee
Elec. Cos., $3,570,000, and $400,000 to banks; total, $3,970,000.
Taunton <Sc Brockton lstl
1807 5 F-A
100,000 Aug 1 1917
Date.
Outstanding. Dividenat.
Rate.
mortgage, $100,000.......... (Int. at State St. Tr. Co.. Boston. Trustee
Common stock,
$14,293,100 ...................
N Bedford M’dleboro&Brock)
1900 5 g J-J
325,000 Jan 1 1920
($14,293,100) .
lst M,$325,000($l,000), g .lln t . at Am. Tr. Co., Boston, Trustee.
Pref. stock, par $100 4 % ‘
4 J-J
24,204,400 July’ 12, 2 %
cum .
Braintree m ortgage...........-->,„18? 4 „ ® J‘ J
35,000 July 25 1914
IState St. Trust Co., Boston, Trustee.
Coupon notes, $5,000,000,1 1910
4 H _g J-J
3,700,000 July 1 1913
Of the $10,000,000 Old Colony St. Ry. ref. mtge., $3,093,000 are reserved
red at 103/4 any Int datellnterest at Old Colony Trust Co., Bosfor prior liens. Remaining ponds can only be issued for 50% of cost of
($1,000)------; -------------- c*) ton. Trustee.
Of the coupon notes of 1910, $3,500,000 were Issued to retire prior notes. additions & improv’ts. These bonds are not subject to call. V. 93, p.1784
They are secured by deposit of 105,680 shares of Bay State St. R y. common
Globe Street Railway Securities.
stock. V. 80, p. 1507; V. 00, p. 167.
_
Interest.
Outstanding. M aturity.
1896 5 g J-D
78,000 Dec 1 1915
REPORT.— Report for the year ending Sept. 30 1911 (see “ Chron.” Dlghton Somerset & Swan]
b’ds, $125,000, g, s f, red )Int. at International Trust Co., Boston, Tr.
Dec. 9 1011, p. 1507), shows receipts from dlvs., $481,244; from Int. on
105 ($1,000)---------------------J
Sinking fund Is $3,000 a year.
notes, & o ., $162,084; total, $643,328; expenses, $20,167; int., $166,500;
1894
5 J-J
350,000 Jan 11914
dlvs., $822,206; deficit, $365,635; previous surplus, $3,015,025; total sur Taunton St Ry lst M.........--1
Do
Debentures............. (
1894
5 M-S
200,000 Mch 11914
plus, $2,650,290.
Int.on
Taunton
Street
Ry.bonds
payableat
CONSOLIDATED INCOME ACCOUNT OF CONTROLLED COS.
_ „ . ,1 Am. Trust Co., mortgage trustee, Boston.
Fiscal year was changed In 1911 to end June 30, and reports for 1911-12 Prov. & Taunton St Ry
lst gl 1898
5 g M-S
150,000 Sept 1 1918
and 1910-11 are for 12 mos. end. June 30; figures for previous years arc for
($ 1 ,0 0 0 ), author’d $2 0 0 , 0 0 / American Trust Co., Boston. Trustee.
South Shore & Boston St. Railway Securities.
1911-12.
1910-11.
1009-10.
1908-09.
Date.
Interest.
Outstanding. M aturity.
. $9,116,202 $8,881,521 $8,560,049 $8,052,356
1890
5 F-A
$335,000 Aug 1 1 9 1 0
. 5,806,410
5,557,304
5,360,295
5,148,397
$3,309,702
1,840,320
$3,324,217
1,838,579
$3,200,654
1,792,937
$2,903,959
1,778,129
. $1,469,463
1,077,681
$1,485,638
1,169,090
$1,407,717
1,130,561
$1,125,830
1,000,464
.
Balance------------------$301,782
$316,548
$277,156
$125,366
DIVIDENDS.— First dlv. on pref. stock. 2 %, was paid Dec. 1 1899; also
2% June 1 1900. Dlv. period then changed to J&J and 2 1-3% paid Jan.
1901; July 1901, 2% ; In 1902, 4% ; In 1903, 4% ; In 1904, 4% . The Jan.
1905 dividend was passed and none paid until Jan. 1909, when 1% paid:
July. 1/4 % . See V. 79, p. 2642, 2456; V. 85, p. 1646; V. 87, p. 1420,
and V. 8 9 , p. 1597. In 1010, 3 /4 % . In 1911, 4 % . In 1012, Jan.. 2% .
July, 2% . See above for payment of accrued dlvs. of 17 % % .
PLANT.— The street railways controlled own 888.78 miles of track and
own and lease 956.98 miles of track; operate 941.79 miles; own and operate
2,048 cars, of which 046 are closed and 1,102 open cars. Power capacity 49
engines, 42,000 h.p., and 52 generators, 30,505 k.w.; 10 turbines 19 300
h.p. and 13,000 k.w.
’
OFFICERS.— Pres., Gordon Abbott; V .-P., Charles E. Cottlng- Sec
Everett W. Burdett; Treas., J. H. Goodspeed; Gen. Mgr., P. F. Sullivan1
Gen. Auditor, H. II. Read.
Executive Committee: Philip Dexter’
Chairman; Gordon Abbott, Charles Francis Adams 2d, Galen L. Stone Percy
Parker, Philip L. Saltonstall and Charles E. Cottlng. Office, 84 State St
Boston. V. 88. p. 883. 1437, 1560; V. 80, p. 163, 348, 1411. 1483 154o’
1597; V. 90, p. 54, 167, 1425, 1491; V. 91, p. 1254, 1328, 1570. 1574’ 1767:
V. 92; p. 118, 1181, 1500; V. 03, p. 105, 1462, 1597, 1787; V. 94 p 68:
I
Int. at American Trust Co., Boston, Trustee
1807 5 g M-S
80,000 Mch 1 1 9 1 7
Int. at International Tr. Co., Boston, Trustee
1897 5 g M-N
85,000 Nov 1 1 9 1 7
Int. at American Trust Co., Boston.
1895
6 g M-N
100,000 May 1 1 9 1 5
Int. at Old Colony Tr. Co., Boston, Trustee.
West Roxbury & Rosllndale St. Railway Bonds.
Date.
Interest.
Oustandlng. M aturity
lst M, $150,000, g , s f ($500) ,1 1896
5 g M-S
5120,000 Sept 11916
red at 103...............
. . c ’ /In t. at Internat. Trust Co.. Boston. Trustee
Norf. Cent. ls tM .,g .$100,000] 1808
5 g J-J
35,000 Jufy 11018
SubJ. to c a ll......................( Int. at Internat. Trust Co., Boston. Trustee
l 1894
5 J-J
47.000 July 1 1914
Norfolk Suburban, lst m ort-]Int. at Internat. Tr. Co., Boston Trustee
g a g e ........................ - ......... /
Stock and Bonds .— By the terms of purchase of Old Colony by Bos &
Nor. the pref. stockholders of both companies become lst pref stockholders
of the Bay State St. Ry. Pref. stock is subject to call at 120 Of the
$15,000,000 Bos. & Nor. bonds, $5,358,500 arc reserved to retire prior
Hens. Remaining bonds can be Issued only for 50% of cost of additions
and improvements. These bonds have no sink. fd. and are not sub! to call
V. 93, p. 1784. Of the $5,379,000 1st M. bonds of the Lynn & Boston RR
$1,656,000 have been canceled. The coupon notes of 1012 mature annually
Aug. 15 as follows: 1015, $37,000; 1016, $43,000; 1917, $50 000- 1018
$57,000; 1010, $64,000; 1020, $72,000; 1921, $80,000; 1022 $88 000’- 1023’
$97,000; 1024, $106,000; 1025, $116,000; 1926, $126,000- 1927’ $136 000’
1928, $148,000; 1029, $160,000; 1030, $174,000; 1931, $188 000- 1932
$202,000. V. 05, p. 618.
'
18
E L E C T R IC R A IL W A Y S
DIVIDENDS.— Initial dlv. on Bay State St. R y. com .— 3% — paid
Dec. 30 1911; in 1912, June, 2% .
ROAD.— See description under Mass. Elec. Cos. above.
EARNINGS.— Of combined properties for year ending June 30 1912,
gross, 39,110,203; net, after taxes, $2,794,855; Interest and rents, $1,267,
249; surplus, $1,527,606.
OFFICERS.— Pres., Patrick F. Sullivan, Lowell; Treas., C. R. Rockwell.
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.
(a) Boston & Chelsea RR.— Owns 4.379 miles of track. Leased
to Lynn A Boston Street Ry. Co. at $7,260 per annum, equal to 6 % on
$121,000 stock, payable A AO.
(b) Boston & Revere Electric Street Ry.
ORGANIZATION.— Incorporated June 24 1889. Leased from July 1
1895 for 99 years to Lynn A Boston (now Bay State St. R y.), which guar
antees Interest on the $50,000 mtge. of 1908 and dividends on $50,000 stock
from July 1 1898 at 5% per annum.
STOCK AND BONDS— Date.
Interest. Outstanding.
M aturity.
Stock (par $100) ...............................
5 J-J
550,000 See text.
Bost. A Revere Elec St R y l 1908
5 g M-S
50,000 Sept 1 1928
$50,000 gold ($1.000)__ c* jln t. at Amer. Trust Co., Boston, trustee.
Bonds. — No sinking fund, but bonds may be called on any Interest date
on six weeks’ notice.
ROAD.— Total track, 3.895 miles.
(c) East Middlesex Street Ry.
ORGANIZATION.— Owns 19.394 miles of track. Leased May 1 1893
to Lynn A 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 dividends had been paid, but on May 1 1901 were Increased to 10%.
STOCK AND BONDS—
Date.
Interest.
Outstanding. M aturity.
10
$297,700
See text.
Stock ($100) $300,000 .......................
Plain bonds, lnt. gu. (end)
1898
5 M-S
120,000 Sept 1 1918
Refd bonds, lnt. gu. (end) — . 1902
4 J-J
100,000 Jan 1 1922
Interest at State National Bank, Boston.
The lessee In the lease agreed to stamp both Issues of the bonds with a
guaranty of the Interest— principal Is not guaranteed.— V.67, p. 482.
(d) Nashua Street Railway.— Trolley.
ORGANIZATION.— Incorporated Aug. 14 1885. On July 1 1900 was
leased to the Lowell A Suburban for 99 years, and lease now runs to Bay
State St. Ry.
Rental.— Dividends are payable Jan. and July at the rate of 4 % In 1901
5 % In 1902 and 6 % for the remaining 98 years of lease.
STOCK, BONDS, Ac.—
Date.
Interest. Outst’d’g. Dlv .^m aturity
Stock. $325,000 (par $100)...................................
$325,000 See text.
First mortgage,
$150,0001 1901
4 g A-O
150,000 Oct 11931
($1,000), g o ld .................c* Jlnt. at Old Colony Tr. Co., Boston, Trustee.
Bonds. — Entire Issue may be called at 105 ana accrued Interest.
ROAD.— Operates 15.69 miles of track.
(e) VVinnisimmct (Street) RR.
ORGANIZATION.— Owns 2.187 miles of track. Leased to the Lynn A
Boston for 999 years from 1880 at $3,000 per annum. Capital stock Is $50,
000 par $50. Dividends In 1894 to 1912 Inclusive 6% per annum.
(f) Newport & Fall River Street Ry.
ORGANIZATION.— Organized by special Act on Feb. 23 1898. July 1
1900 consolidated with Newport Street R y. Has also consolidated with
Newport Illuminating Co. Embraces 21.49 m. of 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 lnt. on bonds.
The Mass. Elec.!fCompanies disposed of Its holdings In Feb. 1902.
STOCK, BONDS, ETC.— Date.
Interest
Outstanding.
M aturity.
Stock, par $100----------------------------J-J
$950,000 See text.
Newport A Fall River lstl 1898
5 F-A
240,000 Aug 1 1918
m ortgage________________/American Trust Co., Boston, Trustee.
Consol mortgage, 51.000,000,1 1904
414 J-J
573,000 July 11954
gold ($1,000)________c*A r/ln t. at Am. Trust Co., Boston, Trustee.
Newport Illuminating Co 2d} ___
6g
63,500 Oct 1 1925
mortgage, g o ld __________ /Central Trust Co., New York, Trustee.
Bonds. — Of the remaining consol, mtge. bonds, $304,000 are reserved to
retire prior liens and $123,000 for future additions at 50% of cost. Not re
deemable. V. 79, p. 213, 501, 1462.
EARNINGS of the Bay State St. Ry. from operation of the Newport
6 Fall River St. Ry. for year ending June 30 1912 were: Gross, $342,971;
net, $187,815; charges, $56,959; surplus, $130,856.
BOSTON & WORCESTER ELECTRIC COMPANIES.
ORGANIZATION.— This Is a voluntary association organized under a
trust agreement dated Dec. 29 1902. Its property consists of the entire com.
■tock and $300,000 "notes payable” of the Boston & Worcester Street Ry.
It has Issued 33,936 4% cumulative preferred shares and 34,614 common
shares, no par value: but in case of liquidation preferred 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.
REPORT.— For year to June 30 1912: Dividends receved from B. & W.
St Ry. stock, $50,625; mlsc. income, $18,965; total income, $69,590;
expenses, 51,113; pref. dlv., $67,872; surplus, $605.
DIVIDENDS.— First dlv. on pref. stock. $2, paid July 1 1904; $2 Jan.
1905 and $2 July 1 1905; In 1900, 54; in 1907, $4; In 1908. S4; In 1909, $2;
In 1910, Jan., $1; none to Jan. 1912, when $1 was paid; July, $1.
OFFICERS.- Pres., William M. Butler; V.-P., A. E. Childs; See. A
Treas., George A. Butman. V. 89, p. 1662; V. 90, p. 1674; V. 91, p. 1764;
V. 93, p. 795, 1018, 1667; V. 95, p. 749.
(1) Boston & Worcester Street Ry.— Trolley.
ORGANIZATION.— Incorporated In Massachusetts on Nov. 16 1901.
Franchise perpetual. Owns the Framingham Union Street Ry., Fram
ingham Southborough & Marlborough Street Ry. and the Marlborough
& Framingham St. Ry. In March 1907 Mass. R R . Commission granted
right to do an express and freight business over entire line.
In Mch. 1910 Mass. R R . Comm, sanctioned an Issue of $350,000 bonds for
Improvements and refunding. V. 89, p. 1346; V. 90, p. 625, 770. On
Feb. 21 1911 Mass. R R . Comm. auth. an Issue of $397,200 6% cum. ($100)
pref. stock (auth. by stockholders Feb. 2 1911), of which $297,000 was used
to retire like amount of com. Issued In 1910 (V. 90, p. 625) and remainder
($97,000 Issued) to bo used to fund (loatlng debt. V. 92, p. 394, 525, 659,
724.
Fares. — In 1909 single fare unit raised from 5c. to 6c.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock, com ($100)...............................................
$2,025,000J un’ 12.1 K %
Pref, $397,200 ($100) 6% c u m . -----M-S
394.000 Sept’12. 3%
Bost A Wor 1st mortgage,$2,-\ 1903 4Vi g F-A
2.260,000 Aug 1 1923
500,000, gold ($ l, 0 0 0 )-_e*/lnterest at American Trust Co., Bos., TrusFram So A Marl l s t m t g ___ / ____
5
60,000 Jan 11919
/Interest at American Trust Co., Bos., Trus.
Notes payable July 1 1912-------------------------------*300,000 __________
* All held by B.A W.Electric Cos.
Dividends. On pref. 3% seml-ann. since Issued. On com. paid 3%
July 1904; also 3% seml-ann. until Dec. 1908, when 1
was paid. In
1909, June, U 4 % : in 1910, Jan., 1>4%; In 1911, Dec., 1%; in 1912, June,
lV o l
. lxxxxv.
ton County Trac. com.; $150,000 Galv.-Hous. Elec. Co. com.; 5350,000
North Texas Elec, com.; $112,500 El Paso Elec. com. and $500,000 Hough
ton County Elec. Lt. com. See statement of these companies (except
last one) on subsequent pages.
Stone A 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. 1H % quar.since Aug. 1909 to and Including Aug. 1
1912. On com.. 1st dlv.— 1 U % — Feb. 1 1910; Aug., 1 !4 % . In 1911,
Feb., 1 'A % ; Aug., 1 H % ; In 1912, Feb., 1 H % : Aug., 2% .
EARNINGS.— For 12 mos. ending Dec. 31 1911, gross Income, $199,614;
expenses, $1,731; balance, $197,883; dividends, $180,000; sur., $17,883.
DIRECTORS.— Henry G. Bradlee, Russell Robb, Chas. A. Stone,
Edwin S. Webster. Eliot Wadsworth (Pres.)— V .8 9 ,p . 163; V. 90, p. 628:
V. 92, p. 463; V. 95, p. 111.
B O W LIN G GREEN, OHIO.
LAKE ERIE BOWLING QREEN & NAPOLEON RY.— A trolley road.
Receivership .— Interest on bonds having been defaulted May 1 1911,
Judge Killlts 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 Killlts ordered a re-lssue of $75,000 receiver’s ctfs.
originally put out several mos. previous for improv’ ts. V. 93, p. 1786, 796.
Since taking possession receivers have paid lnt. due May 1 and Nov 1 1911.
ORGANIZATION.— Incorporated In Ohio In 1902.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common, $750,000, ($100)
.......
............
$428,400 .................
Pref, $250,000, ($100) 6 % n-c...............................
250,000 ...................
1st M, $1,000,000, gold ($500/ 1903
5 g M-N
353,500 Nov 1, 1933
and $1,000)___________ c ’ /In t. at Union Tr. Co., Detroit. Trustee.
Rec’vs’ certfs $75,000 ($1,000) 1911
6 quar.
75,000 Deo 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 receiver’s ctfs. Is payable In Bowling Green.
EARNINGS.— For year ending Deo. 31 1911, $52,866; net, $6,073.
ROAD.— Operates 25 miles of track between Tontogany, O., and Woodvtlle. Standard gauge, 60-lb. T rail. Connects at Tontogany with Ohio
Elec. Ry. at Bowling Green with Toledo Bowling Green A Southern
Traction Co., at Pembervllle with Toledo Fostorla A Findlay R y. and at
Woodvllle with Lake Shore Elec. R y. Furnishes electric light and power
at Bowling Green, as well as hot-water heating.
OFFICERS.— Pres., Robt. Place; V .-P., E. II. McKnlght; Sec., H. G.
Hankey; Treas., B. C. Harding; Gen. Mgr., C. B. Ilodgen.— V. 92, p. 1243;
V. 93, p. 796, 1786; V. 94, p. 207.
BRATTLEBORO, V T .
TWIN STATE CiAS & ELECTRIC CO.
ORGANIZATION.— Incorporated In Connecticut on Aug. 26 1906 and
acquired the Brattleboro Street R y., the Brattleboro Gas Light Co., the
Dover Gas Light Co. (V. 83, p. 562), the Bennington Electric Co. ami the
Hooslck Falls Illuminating Co. Control Is held by the National Light,
Heat A Power Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common. $1,500,000, ($100)...............................
$1,250,000 ...................
Preferred, $250,000 ($100)..................................
250,000
.................
1st and ref M, $1,500,000, g/ 1906
4H g A-O
965,000 Oct 1 192#
($500 and $1,000)______c * /ln t .a t Knickerbocker Tr. Co., N .Y ., Trustee
Dover Gas Light con m ort-/
1905
5
150,000 Sept 1 1925
gage, $500,000 ................... /Union Safe Dep. A Trust Co., Trustee
United Gas A Elec, mortgage, 1 1897
250,000 Sept. 1 ’ 17
$250,000.............................../Union Safe Dep. A Trust Co., Trustee.
5
73,000 Feb 2 1923
Brattleboro Gas L Co mtg___ 1903
Hooslck Falls Illuminating C o / ___
_________
75,500
1935
$150,000------------------------- (Knickerbocker Trust Co., N. Y ., Trustee.
Hooslck Falls Electric Co/ ...............................
65,000
1930
$75,000--------------------------- (Old Colony Trust Co., Boston, Trustee.
64,000
1924
Bennington Water Power A / ___
A Light Co $100,000_____/American Loan A Trust Co., Trustee.
Bennington Water Power A / ___
12,500
1929
Light Co $30,000________ /Old Colony Trust Co., Boston, Trustee.
Bennington Electric Co $ 1 7 5 ,-]___
98,500
1935
000 _____________________ /Knickerbocker Trust Co., N. Y ., Trustee.
Bonds .— Of the $1,500,000 new bonds, $473,000 are reserved for prior
Hens and $6 2 , 0 0 0 for acquisitions, extensions and Improvements. No
sinking fund and bonds are not subject to call.
EARNINGS.— For cal. year 1911, gross, $325,949: net, after taxes,
$156,358. In 1910, gross, $310,200; net, after taxes, $146,393; lnt., $76,
726; surplus, $69,667.
ROAD.— Operates 5 miles of track In Brattleboro. In addition to gas and
electric-light plants In Brattleboro and Bennington, V t., Hooslck Falls,
N. Y ., and Dover. N. H.
OFFICERS.— Pres., I. L. Meloon; Vlce-Pres., Wm. O. Pratt; Sec. and
Treas., John F. Reilly.— V. 83, p. 499.
BRISTOL, CONN.
BRISTOL A PLAINV1LLE TRAA1WAY CO,— A trolley road, Also
furnishes electric light, gas, steam heat and power.
ORGANIZATION.— Organized Sept. 21 1893. 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.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturlty
$375,000 1011-12,8%
Stock. $1,000,000 ($ 1 0 0 ) ............................... . .
1st mortgage $600,000, goldf 1905 4 H g M N
485,000 Nov 11945
($500 and $1,000)________(Interest at Bristol National Bank, Bristol.
(Treasurer of State of Connecticut, Trustee.
Bonds. — Are subject to call after 5 years at 102; after 10 years'at par.
EARNINGS.— For years ending June 30.
Railway
Railway Gas & Elec.
Interest
Year —
Gross.
Net.
I.to., Net. A Taxes. Dividends. Surplus.
1912...........$95,544
$35,848
$37,252
$31,160
$30,000
$11,940
1911_____ 99,052
34,308
38,016
28.514
.....................
30.000
13,810
ROAD.— Operates about 13K mllesof track laid with 56 and 60-lb. T rallfrom Bristol to Plalnvllle, with branches to Lake Compounce and to
Terryville. Standard gauge, 20 cars, 3 snow plows and 1 work car.
OFFICERS.—Pres. Miles L. Peck; V.-P. N. E. Pierce' Sec. and Treas.,
M. L. Tiffany; Gen. Mgr., G. E. Cookings.— V. 81. p. 776; V .8 7 ,p .96,414.
BRISTOL, V A .-T E N N .
REPORT.— For year ending June 30 1912, gross, $619,923; net, $258,
485; lnt. A taxes, $171,771; dlvs., $68,970; surplus, $17,744.
ROAD.— Owns and operates 82.58 miles of track, a considerable portion
over private right of way,-between Boston and Worcester, Including an ex
tension to Natick. Ralls, 75-lb. Has 79 cars.
OFFICERS.— Pres., William M. Butler; V .-P ., A. E. Childs: Sec. and
Treas., Geo. A. Butman.— V. 86, p. 601; V. 87, p. 1418,1660; V. 89, p. 222,
1346, 1662; V. 90, p. 625, 770; V. 91, p. 869, 1628; V. 92, p. 394, 525,
659, 724.
______ _
,
BRISTOL TRACTION CO.
ORGANIZATION.— Incorp. In Virginia. Was formerly the Bristol Belt
Line Ry. Co. but on Sept. 7 1911 filed a certificate changing namo to above
title, and Increased auth. stock from 8100,000 to $300,000, and par of shares
from $50 to $100. V .9 3 ,p . 1323. Owns entire stock of tho Holston Valley
Ry., a narrow-gauge steam road.
STOCK AND BONDSDate.
Interest, outstanding.
M aturity.
Stock $300,000 ($100)............. .......
- ...........
$135,000 _______
Mortgage $300,000 ($1,000)] 1911
5 A-O
150,000 Sept. 15 ’ ll
callable at 105___________ /U .S . Trust Co., Washington, D. C., trustee
ROAD. Operates 7.04 miles standard-gauge electric line In Bristol and
11.09 miles narrow-gauge steam road between Bristol and Big Creek Park,
on the Holston River. 14 motor cars, 2 locomotives, 4 passenger and 12
freight cars.
OFFICERS. Pres., B. L. Dulanov; V.-P. A Gen. Mgr., Fred Dulaney;
Sec. A Treas., N. D. Bachman Jr. V. 93, p. 1323.
PUBLIC SERVICE INVESTMENT CO.
ORGANIZATION, Ao.— Organized In Maine to hold and to deal In
stocks, bonds, notes and other 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. A Pow. Co.; $100,000
Columbus (Ga.) Elec pref.; $101,700 Tampa Elec, stock; $100,000 Hough
BROOKLYN RAPID TRANSIT— (See M a p . page 19)
ORGANIZATION.— Organized Jan. 18 1896, per plan In “ Chronicle,”
V. 80, 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
lV i% .
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and bonds of railroad companies and to aid In the construction and equip
ment ol railroads. Franchises are perpetual.
The order In which earnings of the enlarged system will be
follows:
A S S E T S.— The following Is a statement o f the stocks and bonds owned
b y the B rooklyn R apid Transit system June 30 1912.
1. T o Subway Company an amount equal to annual net earnings of the
B rooklyn Union Elevated, the Canarsle and the Sea Beach railroads.
2. T o the Subway Company an amount equal to 6% per annum on the
sum Invested b y the Subway Com pany In construction and equipment—
which on $60,000,000 would aggregate $3,600,000— equivalent to Interest
at 5 % , and sinking fund of 1% on the new bonds.
3. T o the city, Interest and sinking fund on Its Investment.
4. The remaining net earnings will be divided equally between the Sub
way Company and the city.
The Subway Com pany’s preferential paym ents will be cumulative.
Stocks
Entire capital stock Brooklyn Heights R R . Co. (p a r)................
5200,000
Entire capital stock Bkln. Q’ns Co. & Suburban R R . Co. (p a r). 2,000,000
Entire stock Sea Beach R y . C o., par value_____________________
650,000
84,997 shares out of 85,000 shares of the com . stock of the Nassau
Electric R R . C o., par________________________________________ 8,499,700
63,930.75 shares out of 65,000 shares o f the 4 % cum ulative pref.
stock o f Nassau Elec. R R . C o., par__________________________ 6,393,075
47,854.85 shares out o f 50,000 shares of the 5 % non-cum ulatlve
4,785,185
pref. stock of the Brooklyn Union E lev. R R . C o., par______
125,300.31 shares out of 130,000 shares o f the com m on stock
of the Brooklyn Union Elevated R R . C o., p a r ______________ 12,530,031
350.000
Entire stock of Coney Island & Gravesend R y . C o., p a r ---------146,228
1,462.28 shares B rooklyn R apid Transit C o., par--------------------500.000
Entire capital stock of youth Brooklyn R y . (p a r)--------------------9,800 shares out of 10,000 of the American R ailw ay Traffic Co.
980.000
(owned by Transit Developm ent C o .), par----------------------------500.000
Entire capital stock of the Transit Developm ent C o., par---------Entire stock of the Canarsle R R . Co. (owned b y the Transit
250.000
Developm ent C o .), par---------------------------------------------------------50,000
500 shares of the Bridge Operating C o., par-----------------------------.
537,834,519
Bonds
♦1st M 5 % bonds B klyn. Queens Co. & Sub. R R . (p a r)..............$2,000,000
1st con. M Bklyn. Q’ns C o .& Sub. (owned by B klyn. H ’t s C o .) , .
50,000
♦1st mortgage 5 % bonds Brooklyn City R R . (par)................ ..
1,627.000
725,000
♦Refunding gold mtge. 4 % . Brooklyn City R R ..............- ..........
♦Gold 5 % bonds Brooklyn Rapid Transit. - . ...............................
30.000
R ef m tg 4 % bonds Brooklyn Rapid Transit C o...................... ..
15,360,000
R ef m tg 4% bonds B. R . T . (owned b y Nassau El. R R . ) -----1,761.000
Consol m tg 4 % bonds Nassau Elec R R ............................................... 1.109,000
Consol m tg. 4 % bonds Sea Beacii R y . (owned by Nassau Elec.
R R . Co.)
• ................
22,500
2d mortgage bonds Brooklyn Bath Beach & W est E n d ............... ..........52,000
---------$22,736,500
* The entire am ount o f B. Q. C. & Sub. R R . 1st 5s and Bklyn. City R R .
1st 5s: also $125,000 out of the $725,000 B. C .R R .r e f. 4s held, and $25,000
out o f the $30,000 B. R . T . gold 5s held, com pose guaranty fund for per
form ance of Brooklyn City R R . Com pany’s lease.
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 o f stock. The lease Is nominally to the Brooklyn
Heights R R . C o., but the Brooklyn Rapid Transit Co. owns the entire ca p
ital stock of the Brooklyn Heights Co
In 1898 the Heights Company
leased the B rooklyn Queens County & Suburban R R . 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 E lec
tric R R - Later permanent leases were m ade, but on June 30 1904 presuma
bly In consequence of a decision (V. 70. p. 102) com pelling the Issuance of
transfers, the lease of the Nassau Electric R R . was canceled.
The Brooklyn Heights R R . In April 1899 leased for the period o f 999 years
the Prospect Park & Coney Island R R . (see terms under the latter), the
New York & Coney Island R R . and the Prospect Park & South Brooklyn
R R ., but the leases o f these companies were assigned In March 1907 to
South B rooklyn R w y ., which had been acquired by purchase In Feb. 1902.
V . 74, p. 479. In July 1912, however, the South Brooklyn R y . acquired
495 out of 500 shares of P. P. & So. Bklyn. stock and 820 out of 1.000 shares
o f N. Y . & C. I. V . 95, p. 47. The South Brooklyn R y . owns the double
track road (1 H miles) extending from New York Bay, near 38th St..
B rooklyn, to 38th St., near 9th A ve., Brooklyn, and In June 1907 Increased
Its stock from $150,000 to $500,000.
In N ov. 1905 purchased at foreclosure for $262,000 the road of the Brook
lyn & R ockaw ay Beach R R ., 3M miles, from East New York to Canarsle,
and later organized the Canarsle R R . C o., with $250,000 capital, to operate
the road. V . 82. p. 1155. The entire stock o f this com pany Is owned by
the Transit Developm ent Co. Through elevated train service from the
Broadway Ferry adjoining the Wllllamsburgh Bridge, to Canarsle was In
stltuted July 30 1906. V. 83. p. 271; through service over the bridge to
Delancey S t., New Y ork, was put In operation on Sept. 16 1908, the con
nection from Broadway Elev. to Bridge structure having been com pleted.
On May 21 1904 the Brooklyn Heights Railroad Co. signed an agree
ment with the city for operation o f trolley cars over the new W il
liamsburg Bridge. See V . 78. p. 2013, 2386. Later the Bridge Operat
ing Co was form ed, with $100,000 capital, to operate local service on the
bridge. See V . 79, p. 626. Through surface cars are operated over bridge
by Brooklyn Heights R R ., Nassau Elec. R R . and B’klyn Queens Co. & Sub.
R R Surface cars began to cross this bridge In N ov. 1904. V .7 9 , p. 2084.
In Sept. 1909 cable line on Montague St. between Court St. and W all St.
Ferry was replaced by trolley.
Decision in Suit against Brooklyn City R R .— On June 8 1912 the Appellate
DIv. of N. Y . Supreme Court, 2d Dept., handed down a unanimous decision
affirming, to the extent of $1,766,892 principal (with Int from March 3
1910), the judgm ent awarded b y 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
R R . against the B rooklyn City R R ., but modified the judgm ent of the lower
Court b y striking therefrom the sum of $1,616,680, representing Interest
to March 3 1910. V . 94, p. 1565; 1625. Brooklyn City R R . has taken an
appeal to the Court of Appeals. Pending a final decision, Brooklyn City
R y . In July 1910 reduced Its dividend to 2% quar., ^ of 1% being retained
quarterly and set aside In a special fund to be returned to stockholders If
not used In settlement of B rooklyn Heights Co. claim. V . 91, p. 93.
Proposed New Subways and Extensions.— An agreement having been
reached In May 1912 as to how the routes of the new dual subway system In
lower Manhattan should be apportioned to the Interborough and Brooklyn
R apid Transit, and the Court of Appeals at A lbany having on June 29 1912
affirmed the decision of Justice Blackmar (V. 94, p. 1057) holding to be
constitutional the terms of the proposed contracts with the Interborough
and B . R . T ., the Public Service Comm. Is now engaged In preparing formal
contracts for the proposed new subway lines. See under caption “ Rapid
Transit In New York C ity” In V. 91, p. 1384, 1449, 1566; V. 95, p. 48. I l l ,
237, 420. The new subway lines, to be built join tly b y the Brooklyn Rapid
Transit and the city, are brlcily as follows: (Sec also annual report, V . 95,
p. 294, for further details:
(а) Subway line traversing the Borough of Manhattan from the Battery
to 59th S t., m ostly on Broadway, and connected b y tunnel under the East
R iver with subway lines In Brooklyn, with rights over the B rooklyn, Man
hattan, W illiamsburg and Queensboro bridges:
(б) Center St. loop extended through Nassau and Broad Sts., Manhattan,
to a connection with the lower East River tunnel and the 4th A ve. subway
In Brooklyn, with extensions to 86th St. and Coney Island, both of which
(excluding extensions) are expected to be ready for operation within a year.
(c) Subway line extending from 6th A ve. and 14th St., Manhattan,
across Manhattan, under the East River, to Bushwlck A ve., B rooklyn, and
thence an elevated line to East New York.
(d) Subway line In Brooklyn connecting Manhattan Bridge with the
Brighton Beach R R .
In addition to the above, there arc several extensions of present lines to
be built b y the com pany as well as third tracking and making additions and
Improvements to qxlsting lines:
Track Mileage of the Unified System will Approximate 268,999 M iles.
Existing rapid transit lin e s.. 105.522 ISubways and tunnels------------- 70.580
Additional tracks on a b o v e .. 19.863|Elev. extens. duel. b rid g e s )..73.034
The estimated cost of the proposed new construction and equipment Is
stated as follows (see under “ Rapid Transit In N. Y . C ity” , V. 94, p. 1566).
B y the city— New lines------------------------------------------ $64,722,950
B y the com pany— For city lines---------------------------- 13,000,000 $77,722,950
B y city for 4th A ve. (Bklyn.) and loop lines now under con str. 28,486,000
B y com pany for elevated extensions and Improvements______
21,000,000
B y com pany for eq u ip m en t----------------------------------------------------- 26,000,000
Total Brooklyn Rapid Transit System --------------------------------- $153,208,950
A 'n ew com pany is being organized whose stock will all be owned b y one
of the companies In the B. R . T . system, to operate the proposed new lines.
A s to financing of the new construction work b y the B . It. T ., see Secured
Gold Notes In table below, and text relating thereto, and also V . 94, p. 1694.
p le d g e d
Is as
Valuation of Property.— In Dec. 1909 Blon J. A rnold, Consulting Engineer
of the P ublic Service Com ., In hearings on the application pending before
the Commission to reduce fare to Coney Island from 10 to 5 cents, estimated
the valuation of the physical property of the com pany. Including per
centages for contractors’ profits, incidentals, & c., as $100,705,689; value of
non-operative property, $2,511,099; total cost of reproduction alone, $103,
216,789. (V. 89, p. 1595.)
In this real estate has been taken at Itsassessed value, and Mr. Arnold thought that, allowing for this and other Items,
the total might be brought up to approxim ate the capitalization of the co.
Special Franchise T ax Reduced.— For decision allowing for obsolescence
In fixing special franchise tax, see V . 91, p. 1511.
Express M atter. — On Jan. 1 1909 the contract with the American Express
C o., under which the latter com pany had been using the Brooklyn Rapid
Transit system for distribution of express m atter, expired, and was not
renewed. V . 88, p. 157.
Damage S uits A gainst Line in U nion Street. — On May 2 1910 the Court
of Appeals at A lbany affirmed judgm ents in favor o f property owners claim
ing Injury from the construction of the trolley line In Union Street. V. 90,
p. 1238.
Wages.— E ffective July 1 1912, and affecting about 5,000 men, the wages
of nearly all employees of the transportation department of the surface
roads were Increased. V . 94, p. 1762.
The T ransit 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 1s authorized to
m anufacture and sell power and to d o general contracting work. On
March 1 1907 special arrangement was made by which the concern furnishes
power and takes charge of the maintenance and repair o f all the railway
properties In the Brooklyn Rapid Transit system . Including their equip
m ent. V . 84, p. 569. In June 1907 capital stock was Increased to$500,000.
fine American Railway Traffic Co. was lncorponucu In fan. 1WU4 with a
capital of $1,000,000 (of which S980.O0O Is owned be the Transit Develop
ment Co.) for the purpose of hauling and disposing 4 -I d ’ s ashes am! refuse.
Contract with city expiring Dec. 27 1908 was not renewed and com pany
will be dissolved. Is In process of dissolution.
D ivision of Territory with Long Isla n d R R . — A t an Investigation by the
Public Service Commission In N ov. 1907 It developed that on April 1 1899
an “ agreement o f alliance” had been entered Into with the Long Island
R R . for division o f territory. “ Long Island territory” Is described as
part o f Queens County and the counties o f Nassau and Suffolk, while
'"Transit territory” Includes all o f Kings County and part o f Queens.
Besides this, there Is neutral territory consisting o f College P oint, Flushing,
Jamaica and the Islands In Jamaica B ay, Into which neither m ay enter
without the consent o f the other.
Re-Classification of System L ines. — Owing to the opinion of the Court of
Appeals In Its decision upholding the right o f the Brooklyn Heights R R . to
charge 10 cents fare to Coney Island, to the effect that A rticle IV of the
Railroad Law relates only .to street surface railroads and that different
provisions govern elevated and steam surface railroads, a re-classification
of the roads of the system was made In March 1907 so as to limit the func
tions of each railroad to the operation of Its own character of railroad.
Accordingly the Brooklyn Union Elevated now operates only the elevated
roads and the street surface railroad corporations operate street surface
roads only. As part of this arrangement the leases of the Brooklyn Union
Elevated R R ., the Sea Beach R y. and the South Brooklyn R y . to the
Brooklyn Heights R R . were terminated. The leases o f the Prospect Park
& Coney Island R y ., the New York & Coney Island R y ., the Prospect
Park & So. B ’klyn R y. were assigned to the So. B ’klyn R y . V . 84, p. 569.
In July 1912 the latter com pany acquired a large part o f the share capital of
the New York & Coney Island and the Pros. P k. & So. B klyn. V. 95, p. 47.
Transfers and F ares.— For decisions as to transfers, see V . 79, p. 2204,
2587. Also see V . 82, p. 1323. In Aug. 1907 the Appellate Division of the
Supreme Court In Brooklyn held that cumulative penalties could not be
collected for refusal to Issue transfers— see V . 85, p. 404. In June 1906
transfer svstem was greatly extended. F or decision as to expired franchises,
see V. 82. p. 1101. In Dec. 1908 Public Service Commission dismissed
a com plaint to reduce the fare to Flushing from 10 to 5 cents. V. 87, p. 1604.
In A ug. 1906 the com pany’s right to charge a 10-ccnt fare to Coney Island
was disputed and riotous proceedings resulted. See V . 82, p. 379, 435, 686.
In Jan. 1907 Court of Appeals sustained the com pany’s contention as to the
legality o f the 10-cent fare. See V . 84, p. 101. On May 23 1008 G ov.
Hughes vetoed a bill which, though general In form , was Intended to provide
a 5-cent fare from Manhattan to Coney Island.
V . 86, p. 1342. On
Mch. 8 1910 Pub. Ser. Comm , also upheld the 10-cent fare to Coney Island.
V. 90, p. 696. On Jan. 31 1912 agreed to sell round-trip tickets on elevated
lines only for 10 cents, good between 6 and 9 a. m . at Coney Island terminal
and between 4 and 7 p. m . at Manhattan end from Sept. 15 to May 15.
V . 94, p. 349. The round-trip fare of 10 cents good to Coney Island be
tween 6 and 9 a. m . and good for return trip between 2 and 4:30 p. m ., tried
in summer o f 1911, will be in effect from May 15 to Sept. 15. V . 94, p. 349:
V . 93, p. 285.
On Feb. 13 1912 the Court of Appeals at A lbany held that the Brooklyn
Queens Co. & Sub. R R . Is not required to give transfers for a continuous
ride for 5 cents from Brooklyn to Jam aica. V. 94, p. 487.
Mortgages of Constituent Companies to Secure Advances by Brooklyn Rapid
Transit.— In May 1907 the New York State R R . Comm , consented to the
Sea Beach R y .. the Canarsle R R - and the South Brooklyn R y . making
mortgages o f $2,000,000. $2,000,000 and $4,000,000 respectively to secure
certificates o f Indebtedness Issued b y those companies to the Brooklyn
Rapid Transit for moneys advanced for additions, betterments, ccc. 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 or these lat
ter two mortgages. See particulars V . 87, p. 224. No bonds will be issued
under any o f these m tges., which are created sim ply to secure the certificates
of Indebtedness as Issued from time to tim e. "lhe certificates cannot bo
Issued at less than par and are deposited under the Brooklyn Rapid Transit
first refunding mtge. V . 84, p. 1181, 1246, 1550.
Maturity. A n n. chges.
STOCK AN D BON DS. Outstand'g. Interest.
Q-J
- - - - - - - - O ct.’ 12, U i %
Stock $45,000,000 ($100). $45,000,000
July 1 2002 $1,323,120
Brook R ap Tr first refl Z33.078.000 4 g J-J
mtge(1902) $150,000,-) Central Trust C o., New Y ork, Trustee.
000 gold _________ c*&rj Coupon bonds, $1,000; registered, $1,000, $5,000.
Oct 1 1945
350,000
Brook Rap Tr gold Ml 7,000,000 5 g A-O
1895 $7,000,000___c* ) d Interest at Equitable Trust Co., N. Y ., Trustee
Sec text
July 1 1918
Bklyn R ap Tr secured! 1912 5 g J-J
notes $60,000,000gc*.j Central Trust C o., New Y ork, Trustee.
Brooklyn City R R —
Z725.000 4 g F-A
Aug 1 1956
Z29.000
Refund mtge 1906 $6,-1
925,000 ($1,000).......... ] Long Island Loan & Trust C o., B klyn., Trustee.
aJuly 1 1941
218,650
First consol M 1891___ 1/4,373,000 5 J-J
200.000 4 H F-A
July 1 1941
9,000
New W & Flat 1st M ._
250.000 5 A-O
_____
April 1 1941
12,500
Brooklyn Heights RR1
People’s Trust C o., Brooklyn, Trustee.
first mortgage 1891-.J
5 g J-J
‘ July 1 1941
175,000
Brook Queens Co <Sc Sum e3 ,500,000
first mortgage 1894/ Guaranty Trust C o., New Y ork, Trustee.
2,884,000
5 g M-N
•July 1 1941
144,200
First cons M guar p& l(
(end.)$4,500,000’94J Central Trust C o., New York, Trustee.
240.000 5 g J-J
Jan 1 1930
12,000
Jam & B R R first!
Central Trust C o., New Y ork, Trustee.
mortgage 1889____ /
650.000 4 g M-S
Sept 1 1916
26,000
Sea Beach R y first m ortl
guaranteed 1896_____ / W . M. Grlnnell, VV. O. Platt & W m . Man, Trust.
Feb 1 1950
800,000
Brooklyn Union Elev lsti 16,000,000 5 g F-A
m ortgage 1899, g u a r ./ Interest at Central Trust C o., N. Y ., Trustee.
Sept., 1012.
E L E C T R IC R A IL W A Y S
STOCK AN D BON DS—
Date.
Interest. Outstanding. Ann.charges
Kings Co E lcv llrst m ort) $7,000,000 4 g F-A
A ug 1 1049
$280,000
$7,000,000 gold ($1,-[Interest at Central Trust C o., N. Y ., Trustee.
000) guar 1899..........cj
,
_ _
T
,
Nassau El R R Co cons Ml l l ,508,000 4 g J-J
Jan 1 1951
460,320
bonds ($1,000) c*& r[ Guaranty Trust C o., New Y ork, Trustee.
$15,000,000_____ 1898J Bonds guar by end b y Brooklyn Heights R R .
First m ortgage bonds)
660.000 o A-O
April 1 1944
33,000
...................... I
Hamilton Trust C o., New Y ork, trustee.
1894
A tlantic A ve general') c2 ,241,000 5 g A-O
April 1 1931
112,050
mortgage gold 1891J
Brooklyn Trust C o., liu stee.
A tlantlcaAve Imp ro v j
220,000
5 g J-J
Jan 1 1934
11,000
$220 000 gold 1894.) Central Trust C o., New York, Trustee.
6 B B & W E llrst m ortl
250,000 5 A-O
Jan 1 1 9 1 7
12,500
Set* B
........... - )
Title Guarantee & Trust Co., Trustee.
B B & w " e " general)
121,000 5 g A-O
Oct 1 1933
6,050
gold, 1893................ / Franklin Trust C o., New Y ork, trustee.
Rental payments In addition to payment of fixed charges—
Brooklyn City R R stock $12,000,000 10% Q-J 15, 999 y e a r s .. $1,200,000
ProsDect Park & Coney Island R R ., yearly rental.........................
45,000
* Subject to call July 1 1916.
a Subject to call in 1916.
& Subject to call at 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
releasing them from the liability to call.
d The Central Trust Co. of New York was trustee of tills m ortgage until
O ct. 1903, when the Colonial Trust Co. (since consolidated with the Trust
Co. of America— the latter being merged Into Equitable Trust Co.) was
substituted.
e Includes $2,000,000 held b y Brooklyn Rapid Transit Co.
x Entire amount owned by Brooklyn Rapid Transit Co.
V N ot Including $1,627,000 owned by B. R . T . system .
e N ot Including S17,121,000 owned by B . R . T. system .
Stock.— In the reorganization o f L. Isl. Trac. 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 d lv .. 1 % , paid April 1 1909; July, 1 % ; O ct., 1 % . In
1910, 4 j j % ; in 1911,15%; In 1912, Jan., 1 M % ; April, 1 * f% ; July, 1 'A%\
O ct., 1 >1%. ;|,J........................................................................................................
Interest on Bonds, Where Payable.— Interest on the B rooklyn Rapid
Transit mortgage of 1902 for $150,000,000 and the tw o Elevated Issues Is
payable at the Central Trust C o.; on the B. R . T . Issue of 1895 at the
Equitable Trust Co.; on the Brooklyn City R It. refunding bonds at com
pa n y’s office; on the Nassau Electric bonds, Including Atlantic Avenue and
W est End Issues, at the Equitable Trust Co.; on the Brooklyn Heights first
mortgage at the People’s Trust C o., B rooklyn; on the Brooklyn Queens
County & Suburban mortgages and the Jam aica & Brooklyn llrst mortgage
at the Long Island Loan & Trust C o., B ’klyn; and on the Sea Beach 1st mtg.
at the Sea Beach R y . office, 85 Clinton S t., B’klyn.
Secured Notes.— The Central Trust Co., Kuhn, I.oeb & Co., and Kidder’
Peabody & Co. have contracted to purchase $40,000,000 of the notes. The
notes are to be secured b y pledge of equal am ount o f 1st M, 5s of new com
pany, which Is to be organized to lease and equip the new subway and ele
vated lines (the bond3 o f the new Subway Co. In turn are to be guaranteed
or assumed p. & I. b y Bkiyn. Rapid Trans, and also b y either the Bklyn.
Un. E lcv. or b y a com pany form ed by consolidation of that com pany with
the Canarsle R R . and [probably] Sea Beach Ity .), and b y pledge of $10,
000,000 B. R . T . con v. 1% ref. bonds. Proceeds of notes are also to be
deposited as security for notes until expended. The notes arc con v. $ forS
Into 1st M. 5s of the new Subway Co. at any time prior to Jan. 1 1916, on
and after which date they are red, at c o ’s. option at 101 and Int. on any lnt.
day on 90 days' notice. Remaining notes can only be Issued for con
struct., equip, and open*, o f new rapid transit lines to be oper. b y B. R . T.
Interests. Sec V. 94, p. 1694. The new Subway Co. m tge. will have a
sk. fd. sufficient to retire all bonds b y m aturity. They will be subj. to
call as a whole, or In part for sk. fd ., at 107 y2 and Int.
..............................
21
R E P O R T .— The annual report for 1911-12 will be found In V . 95, p . 294.
Passengers carried during the year ended June 30 1912 amounted to 598,
555,794, an Increase of 26,674,348 over previous year.
IN CO M E A C C O U N T B R O O K L Y N R A P ID T R A N S IT A N D CON
S T IT U E N T C O M P A N IE S — Y E A R E N D IN G J U N E 30.
Revenue from operations—
1911-12.
1910-11.
1909-10.
T ra n sp ortation _______________
$22,949,021 $21,716,486 $20,746,876
M iscellaneou s________________________
277,529
270,057
232,639
T o t a l...............................
$23,226,550 $21,986,543 $20,979,515
Expenses—
$1,423,108 $1,384,581
Maintenance o f w a y ............................... $1,636,713
2,155,134
2,125,580
2,070,814
Maintenance o f equipm ent__________
Operation of power plan t____________ 1,404,160
1,339,552
1,498,712
Operation o f cars_____________________
5,450,673
5,298,863
4,994,463
Damages and legal expenses_________
978,611
1,043,585
921,538
General expenses_____________________
733,294
707,368
689,522
Freight and mall expenses____________
252,763
227,004
174,289
A m cr. R y T raffic Co. e x p ___________
711
1,306
3,192
T a x e s ---------1,775,041
1,465,535
1,454,213
T o t a l . .-------------Net earnings_____ ______
Other Incom e.................
$14,387,100 $13,631,901 $13,191,324
$8,839,450
$8,354,642 $7,788,191
317,991
297,524
278,814
Total Income______________________ $9,157,441
Fixed charges (net)---------------------------5,446,219
$8,652,166
5,503,687
$8,067,005
5,455,410
Surplus __________________________ $3,711,222 $3,148,479 $2,611,595
Special appropriations_______________
_________
88,535
108,560
Dividends ..........................................(5% ) 2,239,851 (5)2,242,690(4 H) 1906286
B a la n c e ..................................... .......... $1,471,371
$817,254
$596,749
• O F F IC E R S .— Pres., T im othy S. W illiams; Chairman of Board, A . N .
Brady; V .-P . and Treas., C. D. Meneely; V .-P . and Gen. M gr., J. F . Calderwood: Sec., J. H . Bennington; Com p., H oward A bel. Offices, 85 Clinton
S t., Brooklyn.
IN D E X .— V . 91, p. 516. 529, 1511, 1710; V . 92, p. 117, 259, 394, 593,
1177, 1635, 1701; V. 93, p. 43, 228, 285, 526, 793, 812; V . 94, p. 349, 416,487
1507, 1565, 1625, 1694, 1762, V . 95, p. 47, 294.
COM PAN IES C O N T R O L L E D B Y B R O O K L Y N R A P ID T R A N S IT CO.
(1) Brooklyn Union Elevated R R .— Form erly a steam road, now electric.
O R G A N IZ A T IO N .— Organized on Jan. 30 1899 as successor o f the
Brooklyn Elevated R R , and Its allied lines per plan In V . 64, p. 609. Em
braces the Kings County Elevated R R ., reorganized according to plan In
V. 68, p. 724, the Sea View R R . and the Brooklyn & Brighton Beach R R .
In June 1912 the Brooklyn Rapid Transit owned $12,530,031 com m on
and $4,785,485 preferred stock of the B rooklyn Union Elevated
Lease.— Leased to Brooklyn Heights R R . for 999 years from July 1 1901;
the lessee agreed to pay organization expenses, taxes and fixed charges, and
as rental all net earnings, such net earnings not to be less than $150,000 per
annum the first three years. $200,000 the next tw o years and $250,000 per
annum thereafter. Lessee also agreed to guarantee, principal and Interest,
all bonds of the Brooklyn Union and Kings County Elevated R R . com
panies, the guaranty to be stamped upon the bonds upon presentation. In
Feb. 1902 began stam ping bonds with guaranty. Certain days each m onth
are designated for stam ping. See V. 92, p. 117. In March 1907 lease was
terminated, but the lease guaranty remains unimpaired. See V . 84, p. 569.
In June 1907 a 10-year m tg e.for $20,000,000 was authorized, but In July
1908 Public Service Commission refused to approve mtge. See V. 87, p.224.
The m tge. was simply to secure certificates o f Indebtedness given to the
B . R . T . for moneys advanced from time to time. V . 84, p. 1181, 1246, 1550.
STOCK A N D B O N D S—
Date.
Interest. Outstanding. M aturity ,&c
Com stock, $ 1 3 ,0 0 0 ,0 0 0 ,($ 1 0 0 )............................. $13,000,000June’ 12,2 H %
Pref stk, 5 % n-c, $ 5 ,0 0 0 ,0 0 0 .)------------------5,OOO.OOOJune’ 1 2 . 2 H %
1st M, $16,"o'o'o",o6b',’ g’," 4 '% ) 1899
5 g F-A
16,000,000 Feb 1 1950
till '05, then 5 % ($1,000) . . / Interest at Central Trust C o., N. Y ., Trustee.
Kings County Elevated 1st Ml 1899
4 g F -A
7,000,000 A ug 1 1949
gold, $7,000,000 ($1,000) c * l Interest at Central Trust C o., N . Y ., Trustee.
Mortgage for $150,000,000.— Stockholders authorized March 20 1902
Both Issues o f bonds are listed on N . Y . Stock Exchange.
Orst refunding 4 % gold convertible bonds for $150,000,000.
$59,
304.000 Is Intended to retire all the existing bonds o f the system (Including
R O A D .— The B rooklyn Union embraces 62.796 miles of elevated track
the $7,000,000 Brooklyn Transit 5s), and the rest for Improvements, and 34.334 miles of surface track. Total, 97.130 miles. The New Y ork &
additions and new acquisitions, as needed from time to tim e. The mortgage Brooklyn Bridge has 7.264 miles of track In addition.
provides that a fund of $5,000,000 In bonds or their proceeds be at all times
On July 1 1898 the operation o f the Bridge railroad was com m enced.
at the disposal of the com pany for the purposes m entioned. See V . 74 See terms o f contract In V . 67, p. 27, 426. In April 1898 an agreement
. 377. As this fund Is reduced for any of the purposes authorized,m ore was made with Long Island R R . providing for joint construction of connect
onds may be authenticated by trustee and delivered to the com pany on ing line at East New York and running o f through trains from Jam aica to
Its order. These bonds can be converted Into stock, par for par, before Brooklyn Bridge and from R ockaw ay Park to Broadway ferries. Con
July 1 1914, and are subject to call on any Interest day until year 2000 at struction begun In N ov. 1898 and work com pleted In Feb. 1899. V . 67,
110 and Interest; after that at par and Interest. See listing applications In p .1054. On May 30 1903 through service by elevated trains (not Long
V. 81, p. 1856, 1857, for list of securities pledged for the bonds; also listing Island R R . trains) from Broadway Ferry to Jamaica was Inaugurated;
applications In V . 82, p. 517; V . 83. p. 1122; V . 85, p. 1523; V . 86, p. 923, but In N ov. 1903 the Board of Aldermen passed an ordinance prohibiting
and V . 90. p. 786.
the operating o f electric trains on Jamaica Avenue, and the next month
Bonds.— Of the $7,000,000 50-year gold 5s of the Brooklyn Rapid through service was discontinued.
D IV ID E N D S .— The first dividend of 2 % on the preferred stock was paid
Transit, $3,000,000 went to stockholders for the assessment. For descrip
tion o f property covered by the m ortgage, see V . 62. p. 1138. See also June 29 1901; In 1902, 3 % ; In 1903, 3 % ; In 1904, 3 ^ % ; In 1905, 4 % ; In
1906, 4 'A % ' 1907 to 1911, Inch, 5'% per ann. In 1912, June, 2 M % - On
application In V. 67, p. 004.
Brooklyn City R R . mortgage of 1891 Is for $6,000,000 and is a first lien co m .— 1st d lv .— 5'% paid June 10 1910; D ec., 2 }£ % . In 1911, 5 % . In
on the old Brooklyn City road and a consolidated lien on the lines acquired 1912, June, 2 'A % .
by consolidation in 1890. O f the $6,000,000 Issued. $4,373,000 are In the
A N N U A L R E P O R T .— For year ending June 30 1912, gross, $8,198,741;
hands of the public and the balance Is held In the guaranty fund.
net, $3,500,823; o th .ln c ., $169,998; charges, $2,013,696; surp., $1,657,125.
Stockholders of Brooklyn City R R . July 10 1906 authorized a new m ort
O F F IC E R S .— Pres., John Englls; V .-P . and Treas., C. D . Meneely;
gage for $6,925,000 to provide for refunding. V. 82. p. 1437. These V .-P
., J. F . Caldcrwood; C om p.. Howard Abel;* Sec., J. II. Bennington.—
bonds are subject to call after July 1 1915 at 110 and Interest.
V
.
77, p. 2389; V . 79, p. 268: V . 84, p. 1247; V . 90, p. 1295.
The total authorized Issue o f first consolidated mortgage gold 5s o f the
(2) Nassau Electric Railroad,— A trolley road.
Brooklyn Queens County & Suburban R R . is $4,500,000, o f which $1,616,
000 are reserved for extensions, on which they will be a first lien. Of the
O R G A N IZ A T IO N .— Chartered March 13 1893 under the laws o f New
$2 884,000 outstanding, $2,255,000 In 1898 were endorsed with the guaranty York. Opened In July 1895 and In April 1896 leased the A tlantic Avenue
of the Brooklyn Heights R R . Co. as to principal and Interest, and In Jan. R R ., <5ce. As stated above, the Rapid Transit Co. owns $8,499,700 out of
1899 provision was made for guaranteeing the remainder o f the paym ent of the $8,500,000 com m on stock o f the Nassau Electric and $6,393,075 out
$10 per bond. Both B. Q. C. & S. loans are subject to call In 1916.
o f the $6,500,000 preferred stock.
The Sea Beach R y . 1st 4s also are guaranteed as to principal and Interest
Lease.— W as formerly leased for 999 years from April 1 1900 to Brooklyn
by the Brooklyn Rapid Transit Co. V . 65, p. 1219.
The Nassau Electric bonds are guaranteed (by endorsement on each bond) Heights R R ., but colncldently with a decision com pelling the Issuance of
transfers
from one leased line to another (V . 79, p. 102) the lease was ter
by the Brooklyn Heights R R . Besides covering the mileage directly owned
they are a lien by a supplemental agreement upon the stock of the Coney minated on June 30 1904. F or still another decision as to transfers, see
Island & Gravesend R y . and the Sea Beach R y . and will becom e a direct V . 82, p. 1323; also V . 85, p. 404.
The assets of the Kings County Traction Co. were purchased at public
lien on these lines should the latter becom e merged In the Nassau Electric.
In July 1898 b y the syndicate conducting the consolidation. V . 67,
Of the total of $15,000,000 bonds authorized, the unissued remainder sale
p. 74, 125. Certificate o f merger of Atlantic Avenue R R . and United R R .
($3,492,000) Is for prior liens. Sec listing application In V. 72, p. 342.
(the latter being successor to the Brooklyn Cable Co. sold at foreclosure
Dec. 23 1897) was filed on Jan. 26 1899. V . 68, p. 283,821,
M IL E A G E .— The system Includes:
In June 1907 a 10-year mortgage for $5,000,000 was authorized to secure
Sidings,
Total
2d
1st
&c.
Name—
Track.
miles. certificates o f Indebtedness Issued from time to tim e to the Brooklyn Rapid
Track.
Brooklyn Heights R I t--------------0.198
4.183 Transit for advances made for Improvements, &c , but In July 1908 the
1.851
. 2.134
22.713 227.772 Public Service Commission denied application for approval o f m tge. V . 84,
Brooklyn c it y R I t------------------------ -104.987 100.072
3.223
Brooklyn Queens Co. & suburban UH. 29.712
28.987
61.922 p. 1181 1246 1550 V . 87 D. 224.
Nassau Electric I t lt ------------------------ . 67.236
65.470
1 0 .3 3 7
143.043
STOCK AND BONDS.
Date.
Interest. Outstanding.
M aturity.
Sea Beach R ailw ay............................. - 7.020
7.020
1.753
15.793 Comm on stock $8,500,000------ ------------------------$8,500,000
-----------------Coney Island & Gravesend R y .......... - 3.950
.348
3.188
7.486 Preferred 4 % cum $6,500,000............
M-N
6,500,000 M a y ’ 12, 2 %
South Brooklyn R ailw ay.................... 1.184
3.301
5.669
1.184
Bonds.— For details see R apid Transit statement above.
Prospect Park & Coney Island I t l t .. - 9.549
8.460
8.926
26.935
R O A D .— Embraces 143.043 miles o f single track.
Brooklyn Union Elevated R R .—
A tlautic Avenue R R . (now part o f Nassau Electric) owned the double
Elevated lines-------------------------------- - 28.511
28.483
5.802
62.796
track steam road (since converted to electricity) from Jam aica to Flatbush
Surface lines---------------------------------- - 7.648
19.038
7.648
34.334 Avenue
Station In Brooklyn, 9H miles (19 miles of track), which Is leased
Canarsle Itlt.—
for 99 years from June 1 1877 to the Long Island R R . C o ., affording that
.738
pany entrance Into the city o f B rooklyn— rental, form erly a percentage
.687
Surface lines------------- —---------- —
2^1 4
5i515 com
of receipts, was changed In 1895 to $60,000 yearly. V 61, p .8 2 8 . L iti
Trackage on N. Y . & Bklyn. B ridge.231
E le v a te d lin e s -----------------------------1.762
3.755 gation has arisen with Long Island R R with reference to use o f Atlantic
See V . 74, p. 1139. In O ct. 1910 N. Y . Court o f Appeals decided
1.707
Surface lines------ -------------------------3.509 Avenue.
1 .2 0 3
Trackage on C r. & Brooklyn R I t -- .
1.538
2.741 that the city had the right to tear up rails, but city has taken no action
looking to the exercise of the right.
Trackage on YVUUamsburgh B ridgeD IV ID E N D .— First dlv. on pref. under lease was paid Dec. 31 1900, 4 %;
1.635
Elevated lin e s ___________________
3.270
1 .7 4 1
.218
Surface lines______________________
3.700 1901 to 1907 lncl.. 4 % per annum; In 1908, N ov., 2 % ; In 1909, N o v., 2 % ;
in 1910, 4 % ; In 1911, M ay, 2 % ; N o v ., 2 % , In 1912, M ay, 2 % .
T otal miles operated------------------- .273.226 264.364
7 6 .3 0 9
613.899
A N N U A L R E P O R T .— For year ending June 30 1912, gross, $4,753,021;
E Q U IPM E N T, June 30 1912.— Closed cars, 1,124; open cars, 919 con net, $1,387,906; other Income, $149,374; charges, $1,053,418; surplus,
$183,862. V . 82, p. 1323.
vertible, 671; semi-convertible, 758; miscellaneous, 403. Total, 3,935,
§
E L E C T R IC R A IL W A Y S
22
(3) P rosp ect Park & C o n e y Island R R . — A trolley road.
O R G A N IZ A T IO N .— Controlled by Long Island R R ., but on June 17
1899 the Brooklyn Rapid Transit Co took possession under a lease for 999
years to the Brooklyn Heights R R . and equipped the road electrically.
(V . 68. p. 1224; V. 69, p. 654.) In F b. 1907 this lease was assigned to
the South Brooklyn R y. V .8 4 ,p 569. Rental was $40,000 per annum and
expenses until 1909, when amount Increased to $45,000. In consideration
of a guaranty by Long Island R R ., annual Interest on the greater part of
Prospect Park & Coney Island’s bonded debt has been reduced from 6 and
7% t o 4 H % - See V . 56, p. 42; V . 62, p. 187. $172,600 stock, all the 2d
M . 6s, $171,200 of Income 6s and $80,000 of 1st M . 6s are owned b y L . I. R R .
STOCK A N D BONDS
Date.
Interest. Outstanding.
Maturity.
_
$250,000
Stock $100..........................
Second mortgage now
1886
340,000 Feb 1 1926
4H F-A
($1,000 ea ch )________ c
1886
160,000 Feb 1 1926
6 F-A
Third mortgage (now secc
1891
96,000 Mch 1 1931
4H g M-S
gold ($1,000 ea ch )___c
6 M-S
104,000 Alch 1 1931
1891
Interest on above mortgages payable at U . S. Mortgage & Trust C o., N. Y .
ncom e bonds non-cum ______ 1880
6 M-N
250,000 May 1 1920
R O A D .— Embraces 26.935 miles of single track.
E A R N IN G S.— Now Included In those o f B rooklyn Rapid Transit. The
Prospect Park & Coney Island received as rental from Brooklyn Heights In
year ending Dec. 31 1911, $45,000; other Income, $29,996; to ta l,$74,996;
Interest, taxes, & c.. $73,458; surplus, $1,538.
C O N E Y IS L A N D & B R O O K L Y N R R .
In April 1912 the Lawyer's Title Insurance & Trust Co., It was under
stood, acquired over two-thirds of the outstanding stock. The purchase,
t Is said, was In behalf of A . N . Brady and associates.
O R G A N IZ A T IO N .— Chartered Dec. 10 I860. Cars com m enced running
over the Brooklyn Bridge Feb. 15 1898. See V . 66, p. 383.
Brooklyn City & Newtown was leased In N ov. 1897 for 999 years. In
1900 acquired all the stock of that com pany, but legal proceedings com
pleting merger with Coney Island & Brooklyn were not effected until 1910.
On March 8 1910 and July 30 1910 Pub. Ser. Comm , sanctioned the Issues
of $151,000 and $490,000, respectively,of 1904 consol, m tge.bonds for Im
provements, &c. V. 90. p. 697; V . 91, p. 336. Being unable to sell these
bonds. Pub. Ser. Comm. In Jan. 1911 auth. the Issue of $500,000 notes (see
below) secured by pledge of $625,000 of aforem entioned bonds. V . 92, p. 59.
STOCK AND BONDS.
Date.
Interest. Outstanding. Last dlv. ,*<
Stock $3,500,000 (par $ 1 0 0 ) . . ____
Q -F .
$2,983,000 Feb 07. 2 %
First consolidated m ortgagel 1898
4 g J-J
2,000,000 July 1 1948
$2,000,000 gold ____________ f Mercantile Trust C o.. New York, Trustee.
Consol mortgage $10 000.0001 1904
4 g J-J
1,500,000 Jan 1 1955
gold ($1.000)____________c* l Mercantile Trust C o.. New York. Trustee.
Car trust bonds $30,000 -------/ 1908
6% F-A
12,000 Aug. 1/13-14
— V . 80. p. 420 480.
I Interest at Brooklyn Trust Co.
Coll g notes $500,000 ($1,000)/ 1911 0 J-J
500,000 Jan 1 1914
\
Equitable Trust Co., N. Y .. trustee.
Brooklyn City & Newtown! 1889
5 J-J
2,000,000 July 1 1939
first mortgage $2 0 00.0 0 0 -/In terest at Mercantile Trust Co. N . Y Trus.
Real estate m ortg a g es ---------------------5%
288,062
___________
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.
R O A D .— First track, 24.14 miles; 2d track, 22.51 miles; mlsc. track, 2.10
miles; total operated, 48.75 miles. 479 passenger and 31 other cars.
F ares.— Beginning May 5 1901 fare to Coney Island on Sundays and holi
days was Increased from 5 to 10 cents. On A ug. 31 1008 fare on week days
was also raised from 5 to 10 cents. V. 87, p. 613. On July 3 1909 Public
Service Comm, held that com pany Is justified In charging a 10-cent fare on
Saturdays. Sundays and holidays, but that a 5-cent fare on other days Is
sufficient. No order, however, reducing fares was m ade. V . 89, p. 102.
On Mch. 11 1910 the Appellate D lv. of the Supreme Court affirmed a de
cision dismissing a suit to collect a penalty for charging a 10-cent fare to
Coney Island. V. 90. p. 771. On Jan. 10 1911 the Pub. Ser. Comm, dis
missed the com plaint against com pany to com pel a 5-cent fare on all days
except Saturdays, Sundays and holidays. V. 92, p. 117. In July 1911,
along with the B klyn. R ap. Tran., put Into effect between A ug. 1 and O ct. 1
a 5-cent fare to Coney Island between 6 a. m . and 9 a. m . and a return fare
of 5 cents between 2 p. m. and 4:30 p. m.
D IV ID E N D S .— In 1895, 6 % ; In 1 8 9 6 ,5 % ; In 1897, 6 % ; In 1898 « / * % .
V. 67, p. 955. In 1899, 10%; in 1900, 10% ; In 1901, 1 3 ^ % ; In 1902,
1 6% .; In 1903, 10% ; in 1904, 16% ; In 1905, 10% : In 1906, 8 %; In 1907.
F eb., 2 % : May dividend passed. None since to Sept. 1912.
R E P O R T .— For years ending June 30:
12 M os.
Gross.
Net.
Oth.Inc. Int.taxes.&c. Bat.stir
1911-12...........................$1,415,133 $421,398 $31,234 $426,736
$25,896
1910-1 1 .................... - 1,538,003
555,995 25,955
400,814
181,130
1909-10______ ________ 1,470,072 458,841
2,026 369,090
91,777
O F F IC E R S .— Pres., S. W . Huff; 1st V .-P ., Harold Fltz Gerald; 2d V .-P .,
Allan McCulloch; Sec. and Trcas., D. B. Cannon; AucL, E .T . Baker.—•
V . 89, p. 102, 1068; V. 90, p. 697, 771; V . 91, p. 336, 1629; V . 02, p. 59,
117; V . 93, p. 1105; V . 94, p. 707, 1185, 1695.
(jV o L . l x x x x y ,
STOCK A N D BONDS—
Date.
Interest. Outstanding. M aturity.
________
Comm on, $5,000,000_______________
$5,000,000
Pref. 5 % , $2,500,000 cuml
from July 1909 ___________ / ____
________
2.500.000 ____
1st and ref m tge. $12,000,-1 1906
5 g M-N
7.006.000 N ov 1 1936.
000, g ($1,000)--------------- c*/In terest at New York Trust C o., Trustee.
Erie El M 1st m tge, $200.0001 1889 6 g J-J
148,000 Jan 1 1919
($1,000), go ld ----------------- c/Central Trust C o., trustee. New Yotk City.
Erie El M 2d m tge, $150,0001
1892 6 g J-J
102,000 Jan 1 1919
($1,000), g o l d .. ------------c/C entral Trust C o., Trustee, New York City.
Erie El M 1st ref sink fund] 1901 5 g A-O
1,000,000 April 1 1941
$1,250,000, gold ($1,000). ^Interest at New York Trust C o.. Trustee,
Cannot be called_______,c*J
New York City.
Hamburg R y 1st mtge, $750,-1 1906
4 g M-N
645.000 N ov 1 1926
000, gold ($ 1 ,0 0 0 )...............Jln t. at Equitable Trust C o.. N. Y ., Trustee.
Dun & Fred ref M. $100,000,1
1902 5 g J-J
39,000 July 1 1952
gold ($100, $500 & $1,000)1
Fidelity Trust C o., Buffalo, Trustee.
Niagara & Erie Pow 1st M|
1911 5 J-J
510,000 Jan 1 1941
$l,2 50 ,0 0 0 g($ l,0 00 )g u p & I/Guaranty Trust C o., New York, Trustee.
Bonds. — Of the $12,000,000 new bonds, $2,100,000 are reserved to take
up a like am t. 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 tho Erie El. M otor
Co. Is paid b y Kountze B ros., N. Y . The Erie El. M otor ref. bonds are
secured by deposit of entire stocks of the Erie City Pass. R y . and tho Erie
Reed Park & LakesIdeSt. R y . A sink. fd . of 1 % ann. on these bds. began
April 1 1906 and will be Increased to 1 4 % In 1916. The Hamburg R y.
bonds are no longer subject to call. The Dunkirk & Fredonla refund
ing mortgage bonds are subject to call on any Interest date at 103.
Niagara & Erie 1st M. bonds are subj. to call, any or all, on any Int. day
at 105. Sk. fd. from Jan. 1 1916, 1 H % of bonds auth. Bonds are guar.,
p., 1. & sink, fd ., b y Buff. & Lake Erie Trac. and Nlag. L ock p . & Ont.
Pow. C o., one-half each. V . 92, p. 530.
R O A D .— Operates 81 miles o f track from Erie through Northeast to
Westfield, Including city lines In Erie. Also the Jamestown Chaut. & Lake
Erie from Westfield to Jam estown, 37 K miles. Also 3 miles In Dunkirk
(owned by Dunkirk St. R y.) and 4 miles form erly owned by the Dunkirk &
Fredonla. Also 15 miles from Buffalo to H amburg. T otal track, 147 m.
The gap between Hamburg and Dunkirk (about 33 miles), which completes
a through line between Buffalo, N. Y ., and Erie, P a., was put In operation
In Dec. 1908. Enters Buffalo over tracks of the Buffalo & Lackawanna
Traction C o., which see below. Grand total of track, 172.72 miles.
O F F IC E R S .— Pres., Geo. Bullock; Ch. of B d., Jos. B. Mayer; V .-P . &
Gen. M gr., J. S. Peaver; Sec. and A sst. T rcas., P. C. Schutrum; N. Y .;
Treas., M. J. Dodge; Asst. Sec., Jas. A . Byrne.— V . 88, p. 293, 1001; V 92.
p. 525.
(1)
B u ffalo & L ac k aw an n a T raction C o.
O R G A N IZ A T IO N .— Incorporated In New York In June 1906 to furnish
an entrance Into Buffalo for Buffalo & Lake Erie Trac. Co. In April 1009
was leased to Buffalo & Lake Erie Trac. for 999 years. In Mch. 1909 Public
Service Comm, approved mortgage for $1,500,000. Stock $100,000 (V . 88,
p. 748), all owned by Buff. & Lake Erie T rac. Co. Has universal transfers
throughout city of Buffalo through contract with International R y . Co.
BO N D S.—
Date.
Interest. Outstanding.
Maturity.
1st mtge $1,500,000 g o ld ------1 1008.
5 g J-D
$1,000,000 D ec.l 1928
($1,000) guar------------------- c l l n t . at New York Trust C o., Trustee.
Bonds are subject to call on or before Dec. 1 1913 at 110 and Int. T hey
have no sink. fund. Remaining bonds arc reserved for betterments and
extens. at 85% of cost. Bonds guar., p. & I., by Buff. & L . Erie Trac Co.
V. 90, p. 235.
R O A D .— Is a double-track road about 4 >4 miles long. Began operating
Dec. 22 1909.
O F F IC E R S .— Pres., Jos. B. Mayer; V .-P ., A . T . Cole: Sec., J. A . Byrne;
Treas., P . C. Schlutrutn.— V. 88. p. 293, 748; V. 90. p. 235.
BUFFALO
SOUTHERN
R Y . C O .— A tro lley ro a d .
O R G A N IZ A T IO N .— Incorporated In New York on A ug. 26 1904 and Is
a consolidation of the Buffalo Hamburg & Aurora R y . and the Buffalo
Gardcnvllle & Ebenezer R y. V . 79, p. 2146. Franchises perpetual. Has
trackage rights In Buffalo over tracks o f the International Traction Co.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $2,000.1)00 ($100)______ ____
......
$547,200
.........
1st mtge, $2 000,000, g o ld / 1904
5 g A-O 15
600,000 Oct 15 1934
($ 1 ,0 0 0 )-------------------------c*<Int. at Seaboard Nat. Bank, N. Y , or at
'F idelity Trust C o., Buffalo. Trustee.
B O N D S.— No s. f., but from $50,000 to $100,000 bonds are subject to call
at 110 and lilt., on any Int. date upon 3 m onths’ n tire. $1,400.000 b inds
reserved for future extensions and equipment
E A R N IN G S .— For cal. year 1911, gross, $74,909. In 1910, gross, $07,216.
R O A D .— Operates from Buffalo to Hamburg, East Hamourg and O r
chard Park 1514 miles; also has a line from Buffalo through Gardenvllle
and Ebenezer to Lien’s Park, 5 14 miles.
An extension to East Aurora
15 miles. Is under construction, 5>4 miles com pleted. 60-lb. T and 80-lb.
girder rail.
O F F IC E R S .— Pres., W m . M. Griffith, New York; V .-P ., Geo. F. W ells..
East Aurora, N. Y .; S ec., H . M. Gear, Buffalo; Trcas. & Gen. M gr., N. A.
B undy, Buffalo.— V . 80, p. 419.
B U F F A L O & W IL L IA M S V IL L E E L E C T R IC R Y .
V A N B R U N T S T R E E T & E R I E B A S I N R R — A tro lley ro a d .
O R G A N IZ A T IO N , & c.— Chartered Feb. 15 1861. S tock, $200,000, al
Issued; par, $10. Bonds, $75,000 1st m tge. authorized; $31,000 ou t..
T rack. 2.78 miles, changed to electricity In 1898. 6 pass. cars. F or year
end. March 31 1912, gross, $41,224; net, after taxes, $8,024; other Income,
$349; Interest, & c., $1,950; balance, $7,023.
O F F IC E R S .— Pres.. John F. Murphy; V .-P ., D . W . Sullivan; Sec. and
Treas.. W yllys Terry. Office, 264 Van Brunt S t., Brooklyn, N. Y
BUFFALO, N. Y .
B U F F A L O & D E P E W R Y . — A trolley road .
Proposed Consolidation.— Contemplated consolidation of this com pany
with Buff. & VVIlllamsvllle Elec. R y. and the projected Buff. Genesee &
R och. R y. was not pressed before the Pub. Serv. C om m ., 2d dlst., and the
latter has closed the case on Its records.
O R G A N IZ A T IO N .— Incorporated on April 27 1897. The Investm ent
Co. of Philadelphia owns about three-fourths o f the stock and the entire
$350,000 bonds.
In June 1907 Railroad Commission granted permission to the Buffalo
Genessee & R och. R y . to build an extension from Depew to R ochester.
Certain amount of grading com pleted, but no track laid up to A pr. 1912.
STOCK A N D BONDS—
Date.
Interest.
Outstanding. M aturity.
Stock, $350,000 ($100)..................................... ........
$305,000 .....................
Buff & D 1st mtge. $ 35 0 ,0 0 0 .. 1901
5 J-J
350.000 Jan 1 1031
Loans payable June 30 1 9 1 1 . . ____
_______
119.533 ___________
E A R N IN G S .—-Year ending June 30 1912, gross, $18,338; deficit under
operation, $4,049. In 1910-11, gross, $18,071; deficit u n d erop er., $4,100.
R O A D .— Operates a double-track road from Buffalo to Depew, 13.59
miles of track; 60-lb. rail; 5 cars.
O F F IC E R S .— Pres., W m . L. Nevlu; V .-P ., J. Ernest Richards; Sec,
and Treas., John J. Collier. V . 79, p. 2695.
B U F F A L O & L A K E E R I E T R A C T IO N C O .— A tro lley road .
O R G A N IZ A T IO N .— Incorporated In New York and Pennsylvania In
Dec. 1906 and Is a consolidation o f the Hamburg R y ., the Dunkirk & Fre
donla R R ., the Buffalo Dunkirk & Western R R ., the Lake Erie Electric
Traction Co. and the Erie Rapid Transit Co. Leases the Erie Electric
Motor Co. for 999 years, which com pany leases the Erie City Passenger R y.
for 999 years from O ct. 1 1888 and the Erie Reed Park & Lakeside
St. R y . fpr 999 years from March 1 1901. In 1909 leased the Buffalo &
L ack. T ract. Co. for 999 years. V. 88. p. 1001. Also owns all the 3tock
o f this com pany, and guarantees the bonds. Also owns all stock ($750,000,
all out) of the Dunkirk St. R y ., which com pany has a franchise In Dunkirk
and has built about 5 miles of track.
The Niagara & Erie Power Co. Is controlled b y the Buff. & Lake Erie
Trac. Co. and the Niagara Lockport & Ontario Pow . Co. Interests, and Its
bonds are guar., p ., I. & sk. fd ., one-half each.Jby these two com panies.
,
O R G A N IZ A T IO N .— Chartered A ug. 10 1891. In May 1904 authorized
capital was Increased from $75,000 to $3,500,000, and In July 1904 a new
m ortgage for $3,500,000 was made to provide for extension to Rochester.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
_______
$75,000 ___________
Stock ($3,500,000 authorized) ____
1st mtge, $3,500,000. goldl 1904
5 g J-J
127,500 July 1 1944
t$500 and $1,000)............... (In t. at Commonwealth T r. C o., Buffalo Trust
Bonds. -Are sublcct to call on any Interest date at 105.
E A R N IN G S .— For cal. year 1910. gross, $42,272. In 1909, gross, $30.8.39.
R O A D .— 6.65 miles of track. Buffalo to Wllllamsvlllo. An extension 'rom
Wllllamsvllle to Rochester, 00 miles, Is contem plated; has been com pleted
In village of Batavia 4.48 miles of track. Permission to build remainder
has been granted by Railroad Commissioners. Ralls 80-lb. T and 90-lb.
grooved girder.
O F F IC E R S .— Pres., L. L. Lewis Jr.: V .-P . and Gen. Mgr.. L. L. Grove:
S ec., Godfrey Morgan; Trcas., L. K . VVarnlck.— V . 84, p, 1306.
T H E T R A C T IO N A L C O . OF N E W
JERSEY.
In 1912 the United Gas & Elec. Corp. (see under New York) acquired
control.
O R G A N IZ A T IO N .— Incorporated In New Jersey on Aug. 9 1905 and
acquired $7,030,000 of the $10,000,000 com m on stock of the International
Traction Co. through exchange o f stock— 100 shares o f International stock
for one share of 'fractional Co. stock. See V . 81, p. 728. Authorized
stock. $100,000. o f which $50,000 Is outstanding. No bonds.
O F F IC E R S .— Pres., Nelson R obinson; Sec. and T rcas., Chas. E . Rlchards, 15 Exchange PL, Jersey City, N. J .— V . 81, p. 728.
I N T E R N A T I O N A L T R A C T IO N C O . - T r o l l e y .
New Control.— Through direct ownership of stock of The Tractlonal Co.
of N. J. (see above), the United Gas & Elec. Corp. (see under New York)
owns over 50% of International Trac. Co. com . stock. V. 91, p. 1383.
Default.— Int. d u eJ u ly 1 1910, Jan. 1 and July 1 1911 on coll, trust M. of
1899 was defaulted, but was subsequently paid, together with 5% Int.
thereon on July 1 1911, Jan. 2 and July 1 1912, respectively. V . 93, p. 44,
1786; V . 94, p. 1764. A bondholders' com m ittee has been form ed, A . H.
GI Hard, Sec., 23 Wall St., calling for deposit of bonds with J. P. Morgan &
Co.; V . 93, p. 1786. Through arrangements made b y the bondholders’
com m ittee, m oney to pay the July 1910 and Jan. and July 1911 coupons
(subsequently paid b y the com pany, as noted above), also the Jan. and
July 1912 coupons, was advanced b y J. I’ . Morgan & Co. V. 91, p. 945
V . 92, p. 261; V. 93, p. 44, 1786: V. 94, p. 1704.
Owing to the unwillingness of the Pub. Serv. Comm, to permit the cap
italization called for by the modified plan o f reorganization (see plan, V . 90,
p. 1675, .and modification o f same, V . 92, p. 261), on Mch. 22 1011 a "su bstltuted plan” was filed, calling for (1) exchange of old coll. tr. 4s, $ for $,
for new coll. tr. 4s o f International Trac. Co. due July 1 1049, and limiting
the Issue to $18,335,000, Instead of the $30,000,000 proposed; (2) deposit as
collateral for new bonds, all the coll, now pledged for old bonds, lncl. entire
stock of International R y., except that In place of unsecured certfs. of In
debtedness of operating cos., there be deposited at least an equal amount of
new International R y . 5s; (3) establishment of a sk. fd. to pay off at ma
turity, on or before July 1 1949, all undex-lylng bonds of operating com -
Sept., 1912.]
E L E C T R IC R A IL W A Y S
panles or any new bonds o f Railway Co. Issued to refund same; (4) creation
b y International Railway of a $60,000,000 5% 50-yr. m tge., the latter to
provide for the future capital needs of the property. See V . 94, p. 911.
O R G A N IZ A T IO N .— Organized on Jan. 18 1899 under N. J. laws and
has acquired all the electric railways connecting the cities o f Buffalo, Niagara
Falls, Lockport, North Tonawanda and Tonawanda, together with all the
street railway systems In all of said cities; also the electric railway connecting
the villages of Depew and Lancaster with Buffalo. It also acquired the
Canadian Electric Railway, traversing the entire length o f the Queen V ic
toria Niagara Falls Park and connected It with the American system b y the
acquisition of the steel arch bridge at Niagara Falls and the Suspension
Bridge between Queenston and Lewiston, which bridges have been equipped
with trolley tracks
On O ct. 30 1905 acquired the entire $80,000 capital
stock of the Electric City R y . In Jan. 1907 organized Frontier Elec. R y .,
to build a line to connect with a proposed new bridge across Niagara R iver.
Date.
Interest. OutstanCLlna.
Maturity.
STOCK A N D BONDS—
$10,000,000
Stock, com m on. $10,000,000- .............................
5,000,000 _____ _____
Pref, 4 % cum $5,000,000------ .............................
4 g J-J 18,335,000 July 1 1949
Collateral trust. $30,000,000} 1899
Guaranty Trust C o., N. Y ., Trustee. May
($1,000), gold, c*. Inter
be called at 110 and Int. on any lnt. date
est at J. P . Morgan & C o ..
1906
4 H J - D 15
240,000
1912-1916
Car trust certificates N o. 2
$600,000 ($1,000)............c* Commercial Trust C o., Phlla., Trustee.
6%
125,000
See text
Car trust certificates No 3 1907
$250,000-............................... Commercial Trust C o.. Philadelphia, Trustee
Bonds and Stock.— O f the $30,000,000 collateral trust m ortgage, $12,285,
000 were originally reserved to take up an equal amount o f the underlying
bonds of the allied and controlled companies outstanding, and $620,000
of that am ount has been Issued for that purpose, leaving $11,665,000
still reserved. Car trust certificates N o. 2 are secured b y title to 150 cars.
T hey fall due In semi-annual Installments of $30,000 each from D ec. 1906 to
June 1916 Inclusive. Car trust certificates No. 3 are secured b y title to 50
cars. They fall due In semi-annual Installments of $12,000 March 1 and
$13,000 Sept. 1 from March 1 1908 to Sept. 1 1917.
Franchises.— In June 1906 we were Informed that the m ajority oi the
franchises In Buffalo are practically perpetual, none In Buffalo or other cities
and towns having then an unexpired term of less than 40 years, ex
cepting only the Fillmore Avenue franchise, covering an extension o f 6H
miles on the east side In Buffalo, which was limited to 25 years; also portions
of Franklin, Pearl, Genesee, W . Seneca, Morgan, and VV. Chippewa Sts.;
extension of Morgan St. or Elm wood A ve.. In the Terrace and College Place.
Consolidation or Constituent C om panies. — On Feb. 20 1902 the Interna
tional Railway Company was Incorporated In New Y ork with $10,120,500
stock and In A ug. 1002 this was Increased to $17,000,000, o f which $16,
320,500 has been Issued (all owned by the International T raction C o .), asa
consolidation o f the following companies, whose shares had previously been
held by the Traction C o.; V . 74, p. 427.
Buffalo Railway Co. (after Buffalo Traction and Buffalo Bellevue &
Lancaster had first been merged In the sam e).
Buffalo & Niagara Falls Electric Railway.
Buffalo & Lockport Railway (after Elm wood A ve. and Tonawanda Elec
tric Railway had been m erged).
Buffalo Tonawanda & Niagara Falls E lectric R R . Co.
Lockport & Olcott Railway.
Niagara Falls & Suspension Bridge Railway (after the Niagara Falls
W hirlpool & Northern R y . had been merged In It).
Niagara Falls Suspension Bridge Co.
The Buffalo Railway owned the $2,860,000 stock o f the Crosstown Street
R y. of Buffalo, and this passed to the International Railway Co.
On July 1 1902 the International R y . Co. acquired b y purchase the
Niagara Falls Park & River R y ., the Clifton Suspension Bridge C o., the
Lewiston Connect. Bridge Co. and Queenston Heights Bridge Co. This
leaves the Crosstown St. R y . Co. o f Buffalo, the Electric City R y ., the
Frontier Elec. R y . and Inter. R y . Co. as the only operating com panies, and
eventually (that Is. as soon as the $1,000,000 Buffalo R y . debentures se
cured by $2,000,000 stock o f the Crosstown St. R y . are retired) the Cross
town St. R y . can also be merged, thus leaving the International Railway
C o., the Frontier Elec. R y. and the E lectric City R y . the sole operating
companies and the International Traction Co. the holding com pany.
Liens of Constituent and Owned Companies.
BON DS—
Date.
Interest. Outstanding. Maturity.
Buffalo R y 1st con m tgef 1891
5 g F-A
$5,000,000 Feb 1 1931
($1,000)$5,000,000,g, c* &r{ Int. at Co’ s, office. Buffalo, E. W . Clark A
lC o., Phlla., or Merc. T r. C o., N . Y . Trustee
Buffalo R y debentures, $1,-1
1897 6 g A-O
1,000,000 April 1 1917
000,000 gold, red at 1 05[Metropolitan Trust C o., New Y ork , Trustee
after April 1 1902 ($500 and Interest at com pany’s office, Buffalo, of
$1,000) ................................. J Mercantile Trust C o., New Y ork.
Buffalo R y R E m tg e -............. I 1894 5
J-D 20
150,000 June 201014
I
Can be paid at par on any Interest date.
oTonawanda Electric R R . 1st)
1895 4 A-O
40,000 April 1 1917
mtge ......................................./In terest at com pany’s office, Buffalo.
ftCrosstown St R y l s t m tge.gv
1892 5 g M-N
bZ,974,000 May 1 1932
($3,000,000), gu p A 1___c * /I n t. at Metropolitan Tr. C o., N. Y . Trustee.
Buffalo Traction 1st mtge,\ 1898
5 g J-D 673.000 D ec 1 1948
$5,000,000 _______________/I n t . at Metropolitan T r. C o., N . Y . Trustee.
/ 1897
5 J-D
215,000 June 1 1927
Buffalo Bellev A Lan M tge.(R ed eem able at par.
Buff A Nlag Falls Elec R y — \ 1895 5 g J-J
750,000 July 1 1935
1st M, $7i)0,000, gold ------ c /I n t . at Mercantile Trust C o., New Y ork .
2d M, $250,000, g. s f, red !
1896 5 g J-J
85,000 July 1 1921
after 1901 at 105 ($ l,0 0 0 )c /ln t. at Mercantile Trust C o., N . Y ., Trustee
Buffalo A Lockport 1st m tg e,l
1898 5 g J-J
500,000 July 1 1938
gold, $500,000-------------------/I n t . at Trust Co. o f A m erica. N. Y ., Trustee.
Lockport A Olcott R y 1st]
1900 5g j - j
800,000 July 1 1920
mtge,
$1,000,000,gold) Int. at
Morton T r. C o., N. Y .. Trustee; also
($ 1 ,0 0 0 )............................ c *1at Buffnlo. Guar., p . A I., by Inter. Trac.
Niagara
Falls
Suspension)
1897 5 g J-J
300,000 Jan 1 1028
Bridge, Clifton Suspension [T oron to General Trusts Co . Trustee.
Bridge ______ ___________ ' lo t . at American E xch. N at. Bank, N . Y .
Lewiston Connecting Bridge]
1898 5 g A-O
125,000 O. t 1 1928
Co.
Queenston H eights)Toronto General Trusts C o. Trustee.
Bridge Co
......... J Interest at American E xch. N at. Bank, N. Y .
Nlag Falls Park A River lstv
1893 5 J-J
600,000 Jan 2 1914
mtge, Canadian cu rre n c y --/In t. at Imperial Bank, T oron to, Canada,
a Nlag Falls A vSusp Bridge R y 1893 4 J-J
518,000
1913
a Nlag FallsW hlrlpoolAN o R y
1894 4 J-J
22,500
1913
oA ll owned by International Traction Co.
&Of this $350,000 owned by International Railway C o.
Bonds.— The Buffalo R y. real estate mtge. matured June 20 1904, but was
extended until 1909, when they were again extended until June 20 1914; the
Tonawanda Elec. R R mtge. due April 1 1907 was extended until 1917. The
Niagara Falls A Suspension Bridge R y . bonds of 1893 and the Nlag. Falls A
W hirlpool 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. o f New York as
additional security under the International Traction Co. collateral trust
mortgage. All the outstanding stock of the International R ailw ay. $40,000
bonds of Tonawanda Elect. R R ., $518,000 bonds of the Niagara Falls A
Supscnslon Bridge and $22,500 bonds o f the Niagara Falls W hirlpool A
Northern are pledged as security for the International Traction collateral
trust loan. The Buffalo R y. debentures are secured b y deposit of $2,000,
000 s tjc k o f Crosstown Street R y.
E A R N IN G S.— For year ending Dec. 31 1910, gross, $5,985,000; oper.
e xp ., $3,964,000; net, $2,021,000.
Income Account of International Ry,, Crosstown Street R y. and Electric
City Ry-. including Fixed Charges of International Traction Co
Calendar year ending Dec. 31—
1008.
Gross earnings from operation______ $5,159,605
Operating expenses.................................
3,228,482
1907.
$5,380,437
3,362,883
1906.
$4,972,688
2,884,986
(owned 197.49: leased 18.36; trackage 4.8 0 ), 220.65 miles: total track oper
ated (owned, 347.67; trackage, 5.15; leased, 2 2 .0 3 ), 374.85 miles. Gauge
4 feet 8 J-S Inches. Rail (steel), 45 to 140 lbs.
E Q U IP M E N T .— Sept. 1 1910 (Including Crosstown Street R y . of Buffalo
and E lect. C ity R y .); 1,070 cars of all classes. Including 917 passenger cars;
car stations, 13; sub-stations (electrical), 6; power furnished b y the Niagara
Falls Power Co. and the Cataract Power A Conduit Co.
O F F IC E R S of all operating cos.— Pres., Thos. Penney; V .-P ., Thom as
E. Mitten; Sec and C om p., W . C. Dunbar: Gen. Mgr., T W . W ilson.
O FFIC E RS of International Traction C o.— Pres., Thos. Penney; V .-P s.,
Thom as E . Mitten and E . G. Connette; Sec. and Com p., W . C. Dunbar.—
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, 6 1 8 . __________
B U R L IN G T O N , IO W A .
BURLINGTON R A IL W A Y & LIGHT CO.— A trolley road.
O R G A N IZA T IO N .— Incorp. in 1912 In Delaware and acquired the Peo
ple’s Gas A Elec. Co. and old Burlington R y . A Light Co. Does entire
municipal and commercial electric lighting and power business In Burling
ton and suburbs. Also owns steam-heating and gas plants. R ailway fra n
chises are perpetual, except for two suburban extensions of minor Import
ance. Other franchises expire In 1927.
STOCKS A N D BONDS—
Date.
Interest. Outstanding.
M aturity.
Common, $3,000,000
.
(?)
.
Pref., $2,000,000________ _________
__________
(?)
................
1st mortgage, $7,500,000, gl 1912
5 M-S
$1,400,000 Mch. 1 1932
($1,000(, sinking fu n d --C */E q u lt. Trust C o., N . Y ., trustee. In t. in N .Y .
Bonds.— Remaining bonds are for additions, betterments or extens., un
der certain restrictions, at 8 0% of cost. Callable at 105 and lnt. on any
int. day on 3 mos. notice. Sk. fd. of 5% of gross earns, begins July 1914.
V . 95, p. 678. There are $750,000 old Burlington R y . A Lt. 5s outstanding
(n o ts h o w n ln ta b le above) which have been called for payment Oct. 1 1912.
- E A H M N G S .— For cal. year 1911, gross, $306,519; net, after taxes,
$141,340; other Inc., $10,428; total inc., $151,768. In 1910, gross, $292,
856; net, after taxes, $117,099.
R O A D .— Owns and operates about 18 H miles o f track in Burlington and
its suburbs. 66 to 85-lb. T rail. 26 m otor and 26 trailer pass. cars. 10
new P-A -\ -E cars are to be purchased.
O F F IC E R S .— Pres., Geo. H . H lgbee.— V . 95, p. 678.
B U R L IN G T O N , V T .
BURLINGTON TRACTION CO.— A trolley road.
*
In Sept. 1912 details of a new $500,000 bond Issue for acquisition o f Vergennes P o w .C o. and refunding A c., had not been com pleted.— V.94, p. 1185.
STOCK A N D B ON DS—
D ate.
Interest. O utstanding.
M atu rity .
Stock, $200,000 (par $100).............._
Q-F
$200,000
See text.
Win A B Horse R R 1st M,] 1894
6 g J-J
150,000 Jan 1 1914
f 130,000, gold ($500 a n d /
Not subject to call before m aturity.
$1.000) . . . --------------------- cjIn terest at Burlington Trust C o., Trustee.
X1 “ lies o f track In city o f Burlington. Ralls 50.
60 and 75-lb. T . Owns 15 b o x cars, 18 open cars, 2 snow plows.
D ividends .— In 1903 and since, 6 % per year; previously 4 % .
Y ear end. J u n e 30— Gross
Net Charges D ies. Const.
B alance.
1911-12---------------------$122,153 $55,838 $13,401 $12,000 $32,883 def.$2,446
1910-11--------------------- 126,870 50,846 12,991 12,000
5,856 sur. 19,999
O F F IC E R S .— Pres., Ellas Lym an; V .-P ., Jno. J. Flynn; Treas., W . F .
Hendee; Sec., C. W . Brownell.— V . 94, p. 1185.
BU TTE, M ONT.
BUTTE ELECTRIC R A IL W A Y .— Trolley.
This com pany was Incorporated In W est Virginia In December 1899 as
successor to the Butte Consolidated R y ., sold at foreclosure.
STOCK A N D BONDS—
D ate.
Interest. O utstanding.
M a tu rity .
Stock $1,000,000 (par $100)..............
At-N
$1,000,000 O ct’ 06, 2 %
1st M, $700,000, gold. $1,000/ 1900
5 g M-S
700,000 Mch 1 1925
e a c h ...............................- .c * ( I n t . at Mercantile Tr. C o., Boston, Trustee.
B onds.— May be called for paym ent on Mch. 1 1915, or on any Interest
day thereafter. Sinking fund o f 10 % par value of bonds begins Mch. 1 1916.
Dividends.— In 1905, 4 % ; in 1906. May, 2 % ; O ct., 2 % ; none since to
S ept. 1912— all earnings going Into construction.
R O A D .— Operates 34 h miles of track. 56-lb T rails; 62 m otor cars.
E A R N IN G S.— Year end. Feb. 28 1911, gross, $441,406; net, $77,534.
O F F IC E R S .— Pres., W . A . Clark, Butte; V .-P ., J. R . W harton; Sec. and
Treas., J. H . Anderson. 49 W all S t.. N. Y .— V . 72. p . 190.
C A L A IS , M E .
C ALA IS STREET R A I L W A Y .- A trolley road.
O R G A N IZ A T IO N .— Stock, $100,000; first m ortgage, 1898. 5s, J-J.
$100 000 due July 1 1918.
R E P O R T .— Year ending June 30 1910, gross, $29,661; net, $3,669;
Interest and taxes, $5,571; deficit, $1,902.
R O A D .— Calais Street R ailway, lower wharf to upper bridge, Calais, 4
miles; St. Stephen Electric St. R y ., Mllltown, N. B ., to St. Stephen, N. B.
3 miles; total, 7 miles. The St. Stephen Electric St. R y . Is a separate
corporation, but Is owned entirely b y the Calais com pany. 9 cars.
O F F IC E R S .— Pres., George A . Curran; Sec., Charles F. Pray; Treas.
and Gen. Mgr., C. W . Y oung, all of Calais, Me.
CANTON, M ASS.
BLUE H IL L STREET R Y .— A trolley road.
O R G A N IZ A T IO N .— Franchise perpetual.
STOCK AN D BONDS—Date.
Interest. O utstanding. M atu rity .
Stock $300,000 ($100).............. ......................... ..
$300,000 .....................
First mortgage $500,000 1 1903
5 g A-O
250.000 O ct 1 1923
. g o ld _______ _____ _________ /In terest at City Trust C o., Boston, Trustee.
"Current liabilities” June 30 1911________________
190,364 .....................
Bonds subject to call ns a whole at 115 and Interest on any Interest day.
E A R N IN G S .— For 12 m os. ending Deo. 31 1911, gross, $95,284; net.
$36,820; interest and taxes, $24,039; surplus, $12,781.
R O A D .— Operates 19.5 miles of track Irom M attapan, where connection
Is made with the Boston Elevated R y ., to Canton and Stoughton, at which
latter point It connects wltb the Bristol & Norfolk St. R y . and the
B ay State St. R y . Standard gauge. 25 cars.
O F F IC E R S .— Pres., C. II. French: V .-P ., A . S. Pratt; 2d V .-P ., E . J. B .
H untoon; Sec., Chester M. Clark; Treas., Henry B. Sawyer; Gen. Mgrs.,
Stone & W ebster M gt. A ssn., B oston.— V . 78, p. 1906.
CAPE
$2,099,367
$2,156,813
1,787,106
1,691,959
Surplus.........................................
$172,291
$312,263
$464,854
R O A D .— Mileage Sept. 1 1910 (Including Crosstown Street R y . of Buffalo
and E lect. City R y . of Niagara Falls, N . Y .). Length of line, single track
M AY,
N. J.
. CAPE MAY DELAWARE BAY & SEWELL’ S POINT RAILROAD.—
A n electric an d stea m road .
In M arch 1912 N elson Z .G r a v e s o f P h lla.acq u ired c o n tr o l. V . 9 4 ,p .8 2 6 ,9 8 2 .
O R G A N I Z A T I O N .— O rgan ized u nd er th e general railroad law s of N e w
Jersey on J an . 19 1 8 9 3 b y con so lid a tio n o f th e D elaw are B a y & C ap e M a y
R R . (ow ner o f th e C ape M a y <5c S ew ell’ s P o in t R R .) and th e C ap e M a y <3o
Sch ellen ger’ s L a n d in g R R .
U se s electric p ow er for p assen ger service an d
steam pow er for freigh t.
STOCK A N D B O N D S—
Date.
Interest. Outstanding. Maturity.
S to c k paid In (par $ 5 0 ) _______________
____________
$ 1 5 0 ,0 0 0
______________
First m ort ( $ 1 5 0 ,0 0 0 ) . . . c u r . 18 93
5 F -A
1 5 0 ,0 0 0 F e b . 1 ,1 9 2 3 .
O th e r d eb ts D e c .31 1 9 1 0 ______ _____
________ . .
3 8 3 ,6 6 4
______________
In 1894 and 1 8 95 b u t one Interest p a y m e n t w as m a d e , by m u tu a l co n se n t
o f b ond h old ers.
In terest w as reduced to 5 % for 5 y ears from F e b . 1 1 8 9 6 ,
and em aln s a t 5 % .
T ru stee Is N . J . T ru st and S . D . C o ., C a m d e n , N . J .
H O A D .— O p erates 6 .2 9 m iles o f track ex te n d in g to C ap e M a y P o in t and
Sew ell’s P oin t alo n g th e beach fr o n t through c ity of C ap e M a y .
E A R N I N G S .— F or year en d in g D e c . 31 1 9 1 0 , gross, $ 2 2 ,2 2 8 ; e x p e n se s,
$ 3 4 ,4 2 1 ; d ef. fro m o p e r ., $ 1 2 ,1 9 3 ; In t., ta x e s, & c ., $ 1 4 ,8 7 4 ; t o ta l d eficit,
$ 2 7 ,0 6 7 .
O F F I C E R S .— P res., N e lson Z . G raves, P h ila d e lp h ia .— V . 7 2 , p . 5 3 2 ;
V . 9 4 , p . 8 2 6 , 9 8 2 . ___________ _____________
N e t e a r n i n g s ------------------- -------------- $1,931,123
$2,017,554 $2,087,702
Miscellaneous Incom e.............................
87,961
81,813
69,111
$2,019,084
Total net iacorne - - - . ..........
Fixed charges, Including lnt. on bonds
of I. T . C o., taxes A d ep recia tion .. 1,846,793
*3
CEDAR
IOWA RAILWAY
R A P ID S , IO W A .
& LIGHT CO.
O R G A N I Z A T I O N .— Is a rc-ln co rp . In 1 9 12 o f th e C edar R a p id s <3c Io w a
C it y R y . & L t . C o. an d h as acqu ired th e p roperties fo r m e r ly ow n ed b y Jhe
fo llo w in g c om p an ie s:
B o o n e E lectric C o.
|M arsh alltow n L t ., P ow er & R y . Co
C ed ar R a p id s & Io w a C ity R y .& L t . P erry E l. L t . , P o w . & H e a t. C o.
C o.
I T a m a & T o le d o E le ctric P ow er C o .
M arlon L ig h t, H e a t & P ow er C o .
|T am a & T o le d o R y . C o.
24
E L E C T R IC R A IL W A Y S
|V O L . L X X X X 1 V
Owns and operates entire electric light and power properties In Cedar :
Gross Earnings—
1911.
1910.
1909.
Rapids, .Marshalltown, Boone, Marlon, Perry, Tama and Toledo; inter Less net earnings of Des Moines and
urban road between Cedar Rapids and Iowa City; the local street railways In
................
$54,183
$372,628
T opeka properties prior to purchase
Marshalltown, Boone, Tama and Toledo; the gas plant In Marshalltown and
the heating properties In Cedar Rapids, Boone, Marion and Perry. Inter
52,768,580 $2,498,227 $1,927,264
Interest, &C......... .................................. .. $1,885,221 $1,536,687 $1,258,051
urban road is on private right-of-w ay.
Dividends
on
preferred.........................
318,276
273,286
259,146
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
Common 53,000,000_____________________ ________ 51,700,000 ................ ..
$2,203,497 $1,809,973 $1,517,197
Pref 53,000,000 7% cu m ................__
__ _ .
1,000,000 ____
____
Surplus..................................................
$565,083
$688,254
$410,067
1st & ref mtge 510,000,000 g\ 1912
5 M-S
1,087,000 Sept 1 1937
During 1911 $1,012,864 was expended for m alnt., renewals & betterm ’ts.
($500 & 5 1 ,0 0 0 )......... ......c*/IIa rris Tr. & Sav. Bit., Chicago, trustee.
Ccd. R ap. & Iowa City It & L) 1903
5 g J -D
1,313,000 June 1 1923
R O A D .— The lnterurban lines com prise 459.13 miles of track; city lines
1st M 52,000,000 gold (5 1 ,-Illin ois Tr. & Sav. B k., Chicago, co-trustee. comprise 169.60 miles of track; total of all lines, 628.73 miles. lnterurban
0 0 0 )................................... _c*J Int. at Harris Tr. & Sav. B k., Chicago.
lines have 150 passenger, 128 express and 600 freight cars; city lines have
Bonds.— O f remaining 1st & ref. bonds, 51,313,000 are reserved for prior 210 m otor cars and 149 others; 4 central power stations an d 40 sub-stations.
lien and 57,000,000 are for extensions and additions at 80% of cost for ac
O F F IC E R S .— Pres., W . B . M cK inley, Champaign; V .-P . and Gen. Mgr.,
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% p erann . of bonds out. H. E. Chubbuck, Peoria; V .-P . and T reas., Geo. M. M attis, Champaign;
beginning Mch. 1 1916 to 1921; 1922 to 1926, 2 % ; 1927 to 1931, 3 % . To Sec., T . B. Macauley, M o n tre a l— V. 88, p. 295, 374, 451, 564, 1369; V . 89,
be used for redem ption o f bonds or for extens. and betterm ’ts. V. 95, p. 225, 721; V. 90, p. 303, 559: V . 91, p. 38, 211, 589. 1328; V . 92, p. 461,
881, 1032, 1239; V . 93, p. 44, 527, 666, 1462; V . 04, p. 911, 982; V . 95,p . 172.
p. 750.
On Ced. R ap. & Iowa City R y . & Lt. 1st M. a sinking fund began April
LO CAL STREET R A IL W A Y S .
1 1908 and bonds are subject to call on or after June 1 1913 at 107 A & Int.
See V . 77, p. 2279.
(1) B lo o m in g to n & N orm al R a ilw a y & L ig h t C o.
E A R N IN G S.— Of com bined properties for year ending July 31 1912
O R G A N IZA T IO N .— Incorporated In Illinois on Feb. 23 1906 as a con
(earns, o f one small property partly estim ated), gross, $877,896; net, after solidation of the Bloom ington & Normal R y ., Electric & H eating Co. and
oper. exp., taxes, main, and renewals, 5317,444; Int., 5150,000; bal., the Consumers’ Light & Heating Co. of B loom ington. Does all local street
$167,444.
railway and com m ercial electric light and power business In Bloom ington
R O A D .— Operates an lnterurban road 27 'A miles long on private right- and Normal and operates hot water and steam heating system In Bloom
of-w ay substantially 100 ft. wide between Cedar Rapids and Iowa City; ington. Principal railway /ranchise In Bloom ington expires In 1929. In
also local street railways In Marshalltown, Boone, Tama and Toledo. An this franchise city reserves right to purchase plant at an appraised value
extension from Cedar R apids east to Mt. Vernon, 15 miles, Is under con plus 10% of same. Railway franchises In Normal that are not perpetual
struction. A 4,500 h. p. turbo-generator is being Installed; when com expire in 1922. Principal lighting franchises are perpetual.
pleted com pany will have an installed capacity o f 15,000 h. p.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
M aturity.
O F F IC E R S .— Pres., W illiam G. Dow s.— V . 95, p. 750.
Com. stock, $600,000 (5100)..................................
$600,000 ....................
Pref. stock, $300,000 6 % ....... ...................... ..
300,000 .....................
1st and gen mtge $3,500,0001 1911
5 J-J
783,000 Jan 1 1928
C E D A R B U R G , W IS .
gold ($1,000)--------------c* & rj
Illinois Tr. & Sav. B k ., Chic., trustee.
M IL W A U K E E NORTHERN RY .— An electric road.
B & N R E & H 1st m tge,) 1902
5 g J-D
557,000 June 1 1927
$600,000 ($1,000) g, s f . c '/ I n t . at 111. T r. & Sav. B k ., Chicago, Trustee.
O R G A N IZ A T IO N .— Incorporated In Wisconsin In 1905. Operates ln
terurban system entirely on private right of way. Franchise In Milwaukee
Bonds.— Of the $3,500,000 1st and gen. m tge. bonds, $600,000 are re*
expires Dec. 31 1934 and provides for 5-cent single fares and that 8 tickets
served
for prior Hens and $2,117,000 for extensions and im pts. under care
be sold for a quarter within city limits. Port W ashington franchise expires
Jan. 2 1956. All others perpetual. Enters Sheboygan over tracks of She ful restrictions. Are guar. prin. and Int. and s. f. b y 111. T rac. Co. Int.
In
N.
Y
. or Chicago. Callable as a whole or In part for s. f. at 102 A and
boygan R y . & Electric Co. under perpetual contract.
lilt, on any int. date. Sink. fd. 1% of bonds out annually. 1912 to 1919;
STOCK A N D B O N D S .—
Date.
Interest.
Outstanding. M aturity. 2 % 1920 to 1928. V. 93, p. 665. The R y ., Elec. & Heating Co. bonds are
Stock, com m on, 5 1 ,0 0 0 ,0 0 0 - .____
................. 51,000,000 ___________
subject to call at 110 and Int. Sink, fd ., $10,000 annually, began June
1st pref., 5400,000 6% c u m . . ____
M-S
400,000 M ch.’ 12,3%
1908; $43,000 are In sink. fund.
2d pref., $600,0008% n o n -c u m ____
M-S
600,000 M ch .'12,3%
E A R N IN G S.— For year end. Dec. 31 1910, gross, 5343,359; net, after
1st mtge. $4,000,000 g o ld / 1911
5 A -0
1,340,000 April 1 1931
($500 and $ 1,000)------------o\Int. at First Sav. & Tr. C o., MIlw., trustee. taxes, 5168,231; interest, $67,155; balance, $101,076. In 1909, gross.
B onds.— Of remaining bonds, $160,000 m ay be Issued only when net earn $324,805; net after taxes, $157,784; int., $63,908: balance, $93,876.
ings are twice Int. charges, Incl. bonds to be Issued, and $2,500,000 at noR O A D .— Operates 18.25 miles of track In, around and between B loom
exeeedlng 75% of cost of extensions, additions. & c., under the same limit ington and Normal. Ralls 70 and 72-lb. Has 42 pass, and 6 mtsc. cars.—
tatlon. S ubj. to call at 105 and Int. V . 92, p. 725.
V . 93, p. 665.
Dividends.— Initial dlvs., 3 % , paid on 1st and 2d pref. Sept. 1911. In
(2) S t. Louis E lectric T erm inal R a ilw a y C o.
1912, M ch., 3 % .
Owns extensive freight and passenger terminal stations costing about
E A R N IN G S .—'For year ending July 31 1912, gross, $316,781; not,
$5,000,000;
also valuable real estate and a 50-year franchise giving the Illi
after taxes, & c., 5139,448; Int., $67,000; surplus, $72,448.
nois Trac. an outlet In St. Louis. Also owns the Citizens’ R y . Co. of Venice,
R O A D .— W ill be 120 miles long, running north from Milwaukee to Cedar- which operates 4.88 miles o f street railway In Madison, Granite City and
burg, where It forks, one branch extending to Sheboygan via Port W ashing Venice. V. 91, p. 1769.
ton and the other to Fond du Lac. Operates 69 miles of track, Including
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity.
6 A miles In Milwaukee, between Milwaukee, Cedarburg and S heboygan.
All owned b y Illinois T raction Co.
The Fond du Lac Division It Is planned to com plete as far as W est Bend In Common 51,000,000 ........... ..
_______
$1,000,000
......... ......
1913. Is double-tracking line between Milwaukee and Cedarsburg, 6.04 Preferred 5 % . ..............’ "
1st M (temporary) 53,500,000) 1909
3-5 F-A >
1,724,000
1929
miles com pleted. Gauge, 4 ft. 8 'A In. 70-lb. T rail.
g ($1,000) guar p & I ,.’ __ /I n t. at Merchants’ Bank o f C anada,Montreal.
O F F IC E R S .— Pres., W m . A . Com stock; V .-P . and Gen. M gr., F. W .
Walker; Sec. and Treas., H enry A . H algh.— V . 85, p. 601; V. 92, p. 725.
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.
CH AM BERSBU RG , P A .
(3)
C H A M B E R S B U R Q & G E T T Y S B U R G E L E C T R IC R Y .
O R G A N IZ A T IO N .— Incorporated In Pennsylvania Dec. 4 1900.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity
Stock $225,000 ( $ 5 0 ) ______________
__________
$225,000 ................
1st m tge. 5225,000 ($1,000)/ 1903
5 M-N
225,000 May 1 1933
not red. no sinking fu n d .c * / Int. at N orthampton Tr. C o., Easton, trustee
E A R N IN G S .— For year ending Dec. 31 1911, gross, 542,253; net, $3,095;
other Income, $2,083; charges and taxes, $13,085; deficit. 57,907.
R O A D .— Operates 13.25 miles of track between Chambcrsburg, Stou
ferstown, Fayetteville, Greenwood and Mt. U nion. 60 to 80-lb. T and
girder rail. Gauge 5 ft. 2 A In.
O F F IC E R S .— Pres., M. C Kennedy; Sec. and Treas., W . L. R itchey;
A ud.. C. M. Davidson; S upt., D. B. Fretz.
C H A M P A IG N , IL L .
C O . — (See M ap on page 25.)
O R G A N IZ A T IO N .— Incorporated in Maine on May 13 1904 and control3 the following companies:
Bloom ington Decatur & Champ. R R . Peoria Railway Co.
Bloom ington & Normal R y . & Lt.C o. St. Louis Electric Bridge Co.
Danville A Eastern Illinois R y .
St. Louis Electric Terminal R y.
Danville & Southeastern R y. Co.
St. Louis Springlleld & Peoria R R
Danville Street Railway & Light Co. Springlleld & Northeastern T rac. Co.
Danville Urbana & Champaign R y . Topeka Edison Co.
Decatur Railway & Light Co.
Topeka Railway Co.
Des Moines Electric Co..
Urbana & Champaign Railway. Gas
Illinois Central Traction Co.
& Electric Co.
Jacksonville Railway & Light Co.
Urbana Light, Heat & Power Co.
Madison County Light & Power Co.
In April 1907 obtained a 50-year franchise on certain streets of St. Louis
and was also given authority by the U. S. Governm ent to build a bridge
across the Mississippi River between Venice, 111., and St. Louis, M o. This
bridge was opened to traffic In N ov. 1910 and, with terminals In St. Louis,
represents an Investment of over S6,000,000. V. 92, p . 259. On July 1
1911 began running express trains between St. Louis and Peoria, 174 miles,
with only two stops— at Springlleld and Lincoln— the running time to be
5 A hours, or about 32 miles an hour (V. 93, p. 44). it was also reported
In A ug. 1911 that the com pany had opened offices In Chicago with the
purpose of securing freight from points between Chicago and St. Louis,
though com pany has as yet no direct entrance Into Chicago. V. 93, p. 527.
On Dec. 31 1911 the bonded Indebtedness of the properties controlled
was $36,632,500.
STOCK AND BON DS—
Date.
Interest. Outstanding
Last D ie
Common $10,000,000 ($100)..................................
$9,969,000
Pref 6% cum $6,000,000 ($100)
Q-J
5,927.400
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 % per annum Is being paid on the preferred stock.
R E P O R T .— For cal. years. R eport for 1911 In V. 95, p. 172.
1911.
Gross Earnings—
1910.
1909.
lnterurban_____ _____________________ $2,864,793 $2,440,592 $1,980,779
1,950,880
Local street railway_________________
1,896,587
1,754,893
383,324
G a s ______________ _____ _____________
357,315
293,072
1,473,938
Electric light and pow er____________
1,322,581
1,161,128
197,737
Steam heating___________ __________
174,822
166,000
31,548
Miscellaneous_____
26,141
7,511
I L L I N O I S T R A C T IO N
Total gross earnings.......................... $6,902,220
Operating expenses_________________ .$3,867,869
General and overhead expenses_____
83,700
T a x e s _______ ________________ _
182,071
$6,218,038
$3,441,100
58,596
165,932
55,363,383
$2,874,340
43,150
146,001
T otal operating expenses__________ 54,133,640
$3,665,628
$3,063,491
Net earnings_____________________
$2,552,410
$2,299,892
52,768,580
D an ville Street R a ilw a y &
L ig h t.
O R G A N IZ A T IO N .— Incorporated In Dec. 1899 as a consolidation of all
the street railway, electric light, gas and steam -heating Interests. Entire
stock Is owned by Illinois Traction Co.
STOCK AN D BON DS—
Date.
Interest. Outstanding.
Maturity.
Stock $700,000 ($100).............. - ...................................
$700,000 ....... ..........
Refunding mortgage $700,000/ 1900
5 g J-J .
682,000 Jan 1 ’ 13 ’23
gold ($1,000).................... c * l l n t . at Harris, I'orbes & Co.. N. Y . and Chic.
Danville & Northern m ort-j 1904
5 M-S
17,000 Sept 1 1914
gage ($20,000) .................... /In terest at Second N at. Bank. Danville.
Debenture bonds_______________
5 & 6%
865,000
1929-30
Bonds.— R ef. bonds are due $6,000 annually Jan. 1 1910 to 1924 Inclusiveand remainder on Jan. 1 1925:518.000 have been retired. Sinking fund of
56,000 per year began Jan. 1 1910. bonds being drawn (at par and accrued
Int.) In numerical order, beginning with N o. 1. Mortgage trustee Is the
Illinois Trust & Savings Bank, Chicago. V. 70, p. 125.
C O M PA N Y’S P R O P E R T Y .— The com pany 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 power 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, cem etery and railway depots and
National Soldiers’ Hom e. Equipped with 50, 60 and 70-lb. Johnson T rails
with 26 m otor cars (General Electric) and 12 others.
O F F IC E R S .— Same as those for Danville Urbana & Champaign Railway
C o.— V . 76, p. 1142, 1300.
(4)
D ecatur R a ilw a y & L ig h t C o .
O R G A N IZ A T IO N .— Incorporated In Illinois In Dec. 1903 to take over
the property of the Decatur Traction & Electric C o., the Decatur Gas &
Electric Co. and the Decatur Steam Heating C o., owning all the street rail
way, gas and electric lighting business and steam-heating plant In Decatur
and suburbs.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity
Stock $1,300,000 ($100)................................................. $1,300,000 .......................
Decatur Gas & Electric C o/ 1899
5 M-N
255.000
Sec text
first m ortgage____________ l in t , at Merch. L. & T r. C o., C hic., Trustee.
Decatur Gas & Elec Co 2d MJ 1899
5 J-J
90,000 Jan 11930
$400,000(5300,000 reserved/Interest at Merchants’ Loan & Trust Co.,
for above) ($ l ,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*1 Int. at Illinois T r. & Sav. B k.. Chic., Trustee
Dec R y & Lt Co lst& C o n sM j 1903 5 g J-D
743,000 Dec. 1 1933
$1,300,000 gold ($1,000) .c*t Int. City Tr. C o.. B o s t ..T r .. & agency InN.Y
Dec R y & Lt gen m ortgage,/ 1910 5 J-D
603,000 Dec. 1 1933
$1,000,000 (S I,0 0 0 ) ............) Montreal Trust C o., Montreal, Can., trustee.
Bonds.— $557,000 Decatur Railway & Light Co. first and consols, are re
served to retire an equal am ount 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. Am ount outstanding Includes
$38,000 bonds held In sinking fund. These bonds are subject to call at
107 A and Int. on any 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 Decatur Gas & Electric Co. are redeemable at any time
at 105 and Int., but there Is no sinking fund on these bonds. General mtge.
bonds are red. at 102 A and Int. on any Int. period. Remaining bonds arc
reserved for extensions. Int. payable at agency of Merch. Bk. of Can.,
N. Y .T h ey are unconditionally guar., p. & 1., by end., by 111 Trac. Co"
V. 91, p. 38.
E A R N IN G S .— Calendar year 1910, gross, $482,877 net, after taxes,
$217,453. In 1909, gross, $388,358; net, after taxes, $186,011.
R O A D .— Operates about 15 miles standard-gauge road In Decatur and
suburbs; 60 and 72-lb. T rails. 23 m otor cars and 16 others.— V. 91, p. 38;
V . 92, p. 322.
2r>
E L E C T R IC R A IL W A Y S
S e p t ., 1912.]
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26
ELECTRIC RAILWAYS
(5) J a ck s o n v ille R y . & L ig h t C o .
O R G A N I Z A T I O N .— In c o r p o r a te d In M aine In D e c . 1005 an d Is a c o n
s olid a tion o f th e J a ck son v ille R y . C o. and th e J a ck so n v ille G as L ig h t &
C ok e C o . Franchise p erp etu a l.
STOCK A N D BO N D S—
Date.
Interest. Outstanding. Maturity.
s t o c k , $50 0,00 0 ($ 1 0 0 )............._ .................................
$50 0 ,0 0 0 ......................
J a c k R y & L t 1st c o n m t g e ,] 1006
5 g J -J
57 3 ,0 0 0
Jan 1 1031
$1,000 0 0 0 ,g u ,g ( $ l,0 0 0 )c * f C entral T ru st C o ., C h ic a g o , T ru ste e .
_
5 J-J
165 ,000
Jan 1 1031
J a c k s o n v G as L igh t & C ok el
C o 1st m t g e ------------------------ J ln t . a t M erch ants’ L o a n & T r . C o ., C h ic a g o .
Bonds.— O f th e $ 1 ,0 0 0 ,0 0 0 1st c o n s o ls, $16 5,00 0 are reserved fo r p rio r
lien s. A r e g u a r., p. & 1., b y 111. T ra c. C o. 2 % o f b o n d s o u t Is p a y a b le
a n n u a lly to a sink. fd.
A r e s u b j. t o call o n a n y Int. d a te a t 105. Tnt. a t
M e rch a n ts ’ B a n k o f C a n ., N . Y .
$ 10 ,000 J a ck . G as L. & C. retired.
R O A D .— O perates a b o u t 7.6 5 m ile s o f tra ck a n d also d o e s e le ctr ic ligh tin g
a n d gas business In J a ck s o n v ille .
14 m o to r cars a n d 0 o th e rs .
(6)
P eoria R a ilw a y C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d un d er general ra ilro a d law s o f Illin ois
In 1006 a n d Is s u ccessor to tne C entral R a ilw a y C o .
H as a c q u ir e d , ow ns
an d c o n tro ls all street railw ay lines In P eoria a n d o u tly in g su b u rb s of
A v e r y v llle , P eoria H e igh ts an d E a st P e o ria . T h e e n tire s to c k Is c o n tro lle d
b y th e Illin ois T r a c tio n C o.
N . VV. H alsey & C o ., N e w Y o r k a n d C h icago,
offered th e 1st a n d r e f. b o n d s fo r sale. V . 80, p . 42.
Favorable Decision— O n O c t . 26 1011 th e 111. S ta te S u p rem e C o u rt, re
v ersin g th e C ircu it C o u rt, h e ld th a t th e C ity C ou n cils c o u ld n o t g ra n t a
fra n ch ise to th e P eoria R y . T e r m . C o . o v e r streets t o w h ich th e P e o ria R y .
a lr e a d y h eld a fra n ch ise . V . 0 3 , p . 1535.
STOCK AN D BON DS—
Date.
Interest. Outstanding. Maturity.
S to c k $ 1 ,0 0 0 ,0 0 0 ......................................
...............
$ 1 ,0 0 0 ,0 0 0 ------------------C entral R y first m o r tg a g e ] 1805
5 g A -O
570 ,000 A pril 1 1015
$ 75 0,00 0 g o ld ( $ 1,000) . - c * l l n t . a t N ew Y o r k T ru st C o ., N . Y . , trustee.
F irst & ref m tg e $ 3 ,6 0 0 ,0 0 0 ] 1006
5 g F -A
2 ,2 7 5 ,0 0 0 See te x t
g o ld ($ 1 ,0 0 0 )____________ c * /I n t e r e s t p a y a b le In N e w Y o rk .
G eneral m o r tg a g e --------------------- 1000
5%
630,000
1026
Bonds.— O f th e $ 3 ,6 0 0 ,0 0 0 first a n d ref. b o n d s, $ 5 7 0,00 0 are reserved to
retire p rior liens a n d $ 5 3 0,00 0 fo r a d d itio n s a n d Im p rovem en ts a t 7 5 % o f
c ost: $22 5,00 0 h a v e been retired . T h e y are g u a r., p . & 1., b y endorsem en t
b y Illin ois T r a c . C o. T h is g u a ra n ty is a prior o b lig a tio n t o the s to c k o f the
111. T r a c . C o. T h e b o n d s are secu red b y th e first m tg e . u p o n all the p ro p e r
ties a n d fra nchises o f th e P eoria R y . C o ., n o w o w n ed o r hereafter a cq u ire d ,
s u b je c t o n ly t o th e $57 0,00 0 u n d e rly in g bo n d s o f the Central R y . C o. T he
tru stee Is th e Illin ois T ru st & S av in gs B a n k , C h ica go , 111. T h e bo n d s
e x p ir e o n F e b .l as fo llo w s : $2 5 ,0 0 0 In 1908, $ 30 ,000 In 1000, $35 ,000 In
1910, $ 55 ,000 In 1911, $ 60 ,000 In 1912, $65 ,000 In 1913, $ 70 ,000 In 1914,
$7 5 ,0 0 0 in 1015, $80 ,000 In 1916, $85 ,000 In 1017, $ 95 ,000 In 1018, $100,000
In 1919, $10 5 ,0 0 0 In 1020, $11 0,00 0 In 1921, $11 5,00 0 In 1922, $ 1 2 0,00 0 In
1923, $12 5 ,0 0 0 In 1924, $ 13 0,00 0 In 1925, and the rem a in in g $ 75 0,00 0 In
1926. T h e y are s u b je c t to call on a n y Interest d a te a*- 105 a n d Interest.
See V . 83, p . 3 8 , 436; V . 89. p. 42; V . 9 0 . p . 560.
E A R N I N G S fo r calen d ar years;
Year—
Gross. Net (aft. taxes). Depr’n.
Bond Int. Bal., Sur.
1 9 1 0 . ............. $685,761
$ 29 3,64 5
_______
$13 9 ,3 4 6
$15 4,29 9
1909
6 42 ,669
3 02 ,830
$29 ,910
168,158
104,762
R O A D .— O w ns a n d operates 52 miles o f sta n d a rd -g a u g e tra ck , 90 m o to r
oars, 40 oth er cars.
Also ow ns v alu able p r o p e r ty near the ce n tre o f city
a n d con sid era b le oth e r real e state, Inclu din g several a m u se m e n t park s,
e stim a ted t o b o w orth $ 5 0 0 ,0 0 0 .— V . 90, p . 560; V . 02, p . 1500; V . 9 3 , p .
153 5.
. (7) T o p e k a R a ilw a y C o.
O n M oh . 1 1910 Illin ois T ra o . C o . p u rch ased r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d un d er general ra ilw a y law s o f K a n
sas In 1892: In 1903 a b s o rb e d th e V ln e w o o d Park R y . a n d m a d e a new m tg e .
fo r $ 1 ,2 5 0 ,0 0 0 . O n Ju n e 4 1903 o b ta in e d a n ew 3 0 -y e a r franchise, ru n n in g
fro m th a t d a te , w ith th e p ro v isio n th a t 540 0 ,0 0 0 b e e x p e n d e d w ith in 3 years
o n th e sy stem . A ls o has secu red franchises In p e r p e tu ity o n c o u n t y road s
n o w o c c u p ie d , w ith priv ile g e o f h au lin g fre ig h t.
C ity agrees n e v e r to
r e d u c e rates to w h ere c o m p a n y w ill earn less th a n 1 0 % o n s t o c k . T h e
c it y is to re ce iv e 1 0 % o f earnings re m a in in g a fte r 1 0 % has been ea rn ed .
U p o n e x p ira tio n o f franchise c it y has th e rig h t t o a c q u ir e th e p r o p e r t y , b u t
n o t b e fo r e .
V . 76, p . 866 , 1302.
K a n sa s R y . & L ig h t C o. (h o ld in g c o m p a n y ) has $ 1 ,4 4 8 ,0 0 0 te m p o r a r y
b o n d s o u t , d u e 193 5.
V . 9 2 , p . 1243.
STOCK AN D BON DS—
Date
Interest. Outstanding.
Maturity
S t o c k , $ 1 ,2 5 0 ,0 0 0 ($100)
_______
$ 1 ,2 5 0 ,0 0 0 f .p ...................
1st m tg , $ 1 ,2 5 0 ,0 0 0 , g o ld
1904
5 g J-J
1 .1 9 0 ,0 0 0 Jan 1 1 9 3 0
($1 ,0 0 0 ) ................................c* J ln t . at C o n t, & C o m m . T r .& S .B k .,C h l., tru s.
Bonds.— R e m a in in g b o n d s are reserved fo r 8 0 % o f c o s t o f new pow er
h ou se an d fo r b etterm en ts and a d d itio n s .
F ifteen b o n d s p er an n u m , be
gin n in g w ith N o. 1, can b e called a t 105 an d in terest u n til J a n . 1 1915, w hen
en tire issue Is s u b je c t to call a t th a t p rice . $4 5 ,0 0 0 h a v e been re tir e d .
A
s . f. began J a n . 1 1910, w h ich Is s u fficie n t t o re tire $1 5 ,0 0 0 per a n n . at
105 a n d Interest.
R O A D .— O w ns 33 m . o f tr o lle y : 70, 75 an d 8 0 -lb . ra il. O p erates 30 cars
O F F I C E R S .— P re s ., W . B . M c K in le y , C h a m p a ign , 111.; V .- P ., Chas.
Z llly , C h a m p a ign ; S e c ., E . A . M a c N u tt, M o n treal; T r e a s ., G .M . M a ttls.—
V . 8 1 , p . 728; V . 82, p. 101; V . 90, p. 915, 978.
(8) U rb an a & C h a m p a ign R a ilw a y , (la s & E le ctric C o .
O R G A N I Z A T I O N .— A co n s o lid a tio n In 1897 o f U rb a n a & C h am paign
E le c tr ic S tr e e t., C h am paign E le c tr ic L ig h t & P o w e r , C h am paign & U rbana
G as L ig h t & C ok e an d W e st E nd P a rk c o m p a n ie s .
O w ns p e rp e tu a l ga»
an d steam ch a rter. T h e u n d e rly in g railroad ch a rte r Is also p e rp e tu a l.
Franchise In 1901 e x te n d e d fo r 20 years
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity
$500,000 ..................
S to c k $ 5 0 0 ,0 0 0 ..................................................... ................
U & C R y , G & E M $ 2 5 0 ,0 0 0 ) 1897
5 g J -D
146,000 Ju n e 1 1917
g o ld sink fu n d $8,000 y r l y [ l n t at Illin ois T r . & S a v . B a n k , C h ic ., T r u s ..
Ju n e 1 1 9 0 0 & a ft ($ l,0 0 0 )c * J
o r a t Chase N a tio n a l B a n k , N ew Y o r k C ity
O on solld a ted m ortg a g e $ 5 0 0 ,-j 1899
5gJJ
354,000 J u ly 1 1929
000 ($1,000) g o ld ..................c l l n t . P o rtla n d T r . O o .. P o r tla n d . M e ., T ru s t.
D eb en tu re b o n d s ____________________
5 & 6%
5 21 ,000 1929 & 1930
Bonds.— O f th e new Issue o f $5 0 0 ,0 0 0 , su ffic ie n t are reserved t o retire first
m o rtg a g e b o n d s. T h e bon d s are s u b je c t to call o n a n y Interest d a te a t 105
R O A D .— O perates 10 m iles o f track In and betw e e n C h am paign and
U rb a n a .
H as 20 m o to r cars and 8 oth ers.
IN T E R U R B A N R O A D S .
(9) B lo o m in g to n D eca tu r & C h a m p a ign R R .
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois o n N o v . 29 1910 as a c o n
so lid a tio n o f th e C h ica go B lo o m in g to n & D eca tu r R y . a n d S t. L ou is D eca tu r
& C h a m p a ign R y .
O perates o n p riva te rig h t o f w a y e x c e p t th ro u g h oltles
a n d to w n s (8 m lies) w here franchises e x te n d t o or b e y o n d 1953.
STOCK AN D BON DS—
Date
Interest. Ou.standing. Maturity.
C o m m o n $ 3 ,0 0 0 ,0 0 0 ___________ ______
________
$ 3 ,0 0 0 ,0 0 0 ____________
P referred 5 % ___________ ___________ _______________
525,000
1st & ref m tg e $ 1 5 ,0 0 0 ,0 0 0 g] 1910
5 g M -N
1 .5 0 0 ,0 0 0
N o v 1 1940
($ 1 ,0 0 0 c o u p & $1,000 o r fln t e r e s t a t Illin ois T r u s t & S a v in gs B a n k .
m u ltip les reg.) gu p& i.o*& r*J
C h ic ., T ru ste e , o r Chase N a t. B a n k , N . Y .
G eneral m o r tg a g e ...................... / 1910
5 M -N
9 14 ,000
1940
■
(C entral T ru s t C o . o f Illin o is, tru stee.
Stock.— O f th e $52 5 ,0 0 0 p re f. s to c k o u t . $30 0 ,0 0 0 Is Series “ A ” a n d
$ 2 2 5 ,0 0 0 Is Series " B . ”
Bonds.— O f the $13 ,5 0 0 ,0 0 0 “ 1st & r e f.” b o n d s reserved fo r variou s
p u rp oses, $ 6 ,8 5 3 ,0 0 0 are reserved fo r a cq u isitio n s o f tw o c o n n e c tin g Inter
u rb a n road s (D a n v ille U rb an a & C h am p aign an d Illinois C en tra1 T r a c
t io n ), $ 91 4,00 0 t o redeem th e gen eral m o rtg a g e b o n d s , $472,000 t o replace
general m o r tg a g e ■b o n d s Issued In the fu tu re , and $5 ,2 6 1 ,0 0 0 f o r 8 0 %
o f ca sh c o s t o f a d d itio n s and Im p ro v e m e n ts . T h e se $5 ,2 6 1 ,0 0 0 b o n d s,
e x c e p tin g $ 50 0,00 0 (Issuable a t a n y tim e fo r 8 0 % o f co s t o f a d d ition s
and Im p rov em en ts) c a n be Issued o n ly w h en th e p re ce d in g 12 m o n th s ’ gross
earnings h a v e eq u a led 5 tim es an d net earn in gs 1 J4 tim es th e Interest ch a rge
on all b o n d s ou ts ta n d in g and th o se p r o p o s e d t o b e Issued.
B o n d s are un
c o n d itio n a lly g u a r ., p . & I., b y Illin o is T r a o . C o. T h e y are re d e e m a b le at
105 on a n y Int. d a te .
V . 92, p . 259.
I n t . o n g e n . m tg e . b o n d s Is p a y a b le
a t o ffic e o f M erch a n ts’ B a n k o f C a n a d a , N ew Y o r k .
R O A D .— O w ns an d o p erates 97 m iles o f tra ck (89 m iles, m ain line; 8
m iles sidings) e x ten d in g from B lo o m in g to n th ro u g h D e ca tu r t o C h am paign
an d U rb a n a . 60 an d 7 0 -lb . rails. S ta n d a rd g a u g e . 145 cars a n d 2 lo c o
m o tiv e s .
E A R N I N G S .— F o r 12 m o s. en d in g D e c. 31 1910, gross, $ 41 5,48 4; n e t,
a fte i' ta x e s , $15 4,33 1; In t., $ 1 3 2 ,9 3 7 ; b a l., $ 2 1 ,3 9 4 . In 1909, gross
$3 6 1 ,8 1 6 ; n e t, $ 1 2 8 ,3 2 1 .
V . 92, p . 185, 259.
[VO L. L X X X X Y .
(10) D an ville U rb an a & C h a m p a ign R y .
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois u n d e r th e ra ilro a d la w on
J u ly 28 1902. O w n s th e D a n v ille P a x to n & N o rth e rn R y . M o s tly p riv a te
rig h t o f w a y .
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Maturity
S to c k $ 2 ,0 0 0 ,0 0 0 .................... ............................................... $2 ,0 00 ,000 ..........................
First m o rtg a g e $ 2 ,0 0 0 ,0 0 0 ) 1903
5 g M -S
2 ,0 0 0 ,0 0 0 M ch . 1 1923
g o ld ($1,000) g u aran teed [In te re s t a t A g e n c y o f B a n k o f M o n trea l, N .Y .
c * -----------------------------------------j
N o rth e rn T ru st C o ., C h ica g o , T ru stee.
Secon d m o rtg a g e $ 5 0 0 ,0 0 0 / 1905
6 g J-J
392 ,000 See t e x t .
g o ld ($1,000) s e r ia l -------c * ] I n t . a t A g e n c y M erch a n ts’ B k . o f C a n ., N . Y .
G eneral m o rtg a g e b o n d s ............... ..
6%
4 30 ,000 .......................
Bonds.— T h e first 5s h a v e no sin k , f d ., b u t are s u b j. t o call o n a n y Int. d a te
u p o n 8 w eeks’ n o tice a t 105 & Int. T h e bo n d s are g u a r ., p . & 1., b y e n d . b y
D a n v . S t. R y . & L t . C o . a n d U rb an a & C h am paign R y ., Gas & E lec. C o.
V. 81, p 264. T h e 2d 6s m atu re $ 50 ,000 o n Jan . 1 1908 an d $ 50 ,000 each
Jan . 1 th ereafter. T h e $5 0 ,0 0 0 d u e o n J a n . 1 1908 a n d $ 50 ,000 d u e J a n . 1
1909, as w ell as $ 42 ,000 o f th e $ 50 ,000 d u e J a n . 1 1911, w ere e x t e n d e d .
$10 8,00 0 h a v e been re tire d . T h e y are s u b je c t to ca ll a t p ar o n 30 d a y s ’
n o tice . A r e g u a r ., p . & I., b y 111. T r a o . C o . T ru stees are M o n treal T r . &
D ep. C o. an d T h o s . F y s llc.
R O A D .— O perates 70.1 m iles o f tra ck o v e r p riv a te rig h t o f w a y , c o n n e c t
in g th e cities o f D a n v ille , U rb a n a a n d C h a m p a ign , w ith branches fro m D an
ville t o G e o rgetow n a n d R id g e F a rm ; D an ville t o C atlln a n d O gd en to
H om er. 7 0 -lb . rails.
H as 22 m o to r cars, 10 e le ctric a n d ste a m l o c o m o
tives an d 86 trail cars.
O F F I C E R S .— Pres . W . B . M c K in le y ; S e c ., E . A . M a cN u tt; T r e a s .,
G eo. M . M attls.— V . 8 1 . p . 264; V . 8 3 , p . 435; V . 84. p . 338; V . 8 8 , p . 563
i l l ) Illinois Central T ra ctio n C o .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d In Illinois In 1903 u n d er g en eral
railroad law s. M o s tly p riv a te rig h t o f w a y .
STOCK A N D BO N D S—
Date.
Interest. Outstanding. Maturity.
S t o c k ....................
............................................
$ 1 ,1 0 0 ,0 0 0 ____________
1st m tge , $ 2 ,000,000 ( $ 1 ,-] 1903
5 g J -D
1 ,4 6 9 ,0 0 0 D e c 1 1933
000) gold , g u a r .................c* J In te re s t at C ity T ru st C o ., B o s to n , T ru s te e .
5 & 6
570 ,000 1929 & 1931
T e m p o r a r y general m o r t g a g e - ____
Bonds.— A re s u b je c t to call on a n y Interest d a te on 60 d a y s ’ n o t ic e at
1 0 7 and Int. A re gu aran teed , p . and 1., b y Illin o is T r a c tio n C o .
V . 82,
p. 804. A sinking fund o f 1 0 % o f net earnings b e c a m e o p e r a tiv e D e c . 1
1908. b u t n o t t o be less than 1 % o f b o u d s o u ts ta n d in g .
R O A D .— O perates 4 5 .5 m iles o f tra ck fro m D e ca tu r t o S p rin gfield , w ith
an ex te n sio n fro m B u ffa lo to M ech a n lcsb u rg ; 7 0 -lb . rails. H as 11 m o t o r
oars and 20 trailers.
O F F I C E R S .— P re s., W . B . M c K in le y ; S e c ., E . A . M a cN u tt; T r e a s ., G eo.
M. M attls; G en . M gr., M . E . C h u b b u c k .
V . 82, p . 804; V . 84, p . 3 3 9 .
(12* Illinois W e ste rn R a ilw a y C o .
C a pital s to c k , $ 5 0 0 ,0 0 0 , all o w n e d b y 111. T r a o t. C o . Is b u ild in g 35 m iles
o f ro a d fro m S p rin gfield t o J a c k s o n v ille , 111. W o r k has be e n d is co n tin u e d
(S e p t. 1912) fo r th e p re se n t.
(13) St. L ou is S p rin gfie ld & P eoria R R .
O R G A N I Z A T I O N .— I n c o r p o r a te d In Illin ois D eo. 1 1909 as a co n s o lid a
tion o f th e S t. L ou is & S prin gfield R y ., th e S t. L o u is & S ta u n to n R y . the
T r l-C lty T r a c . C o .a n d th e S t. L o u is A N orth ea stern R y .
O perates o n
p riv a te rig h t o f w a y e x c e p t th ro u gh cities and tow n s (a b o u t 17 m ile s), w hero
franchises e x te n d t o o r b e y o n d 1053. In 1911 a cq u ire d th e S prin gfield
B e lt R y .
In 1912 acq u ire d the P e o ria L in co ln & S p rln g f. R y . C o ., th e P e o ria B lo o m .
& C h am paign T r a c . C o . an d th e T e rm in a l P o w e r C o. A ls o leases f o r 40
years fro m 1912 th e S p rin gfield & N orth ea stern T ra o . Co.
Has lo n g -tim e c o n tr a c ts fo r use o f b rid ge an d term inals o f S t. L ou is E le c
tric B ridge C o. an d S t. L o u is E le c tr ic T e rm in a l R y ., e n ab lin g It t o o p e r a te
d ir e ctly Into S t. L o u is.
STOC K A N D B O N D S.
Date.
Interest. Outstanding. Maturity.
C o m m o n $5,450,000 ($100)
____
___________ $ 5 ,4 5 0 ,0 0 0 ______________
Pref. $2 ,4 0 0 ,0 0 0 ($100) 5 % . .
..............................
2 ,2 7 5 ,0 0 0 .......... ............
1st & ref m tge $ 1 5 ,0 0 0 ,0 0 0 g) 1909 5 J -D
3 ,1 9 5 ,0 0 0 D eo 1 1 9 3 9
($ 1 ,0 0 0 c o u p & $ 1 ,000 o r [Illin o is T ru s t & S av B k , C h ica g o , tru stee.
m ultiples r e g .) _____ c* &r* JIn terest in N ew Y o r k , C h icago or L o n d o n .
St L ou is & Springfield 1st M l 1903 5 g J -D
45 1 ,0 0 0 D eo 1 1933
($1,000) s f g o ld g u a r ___c* (In te r e s t a t C ity T r u s t C o , B o s to n , tru stee.
S t L S o & P ge n M $ 1 5 ,0 0 0 ,0 0 0 ____
5%
3 ,9 5 1 ,0 0 0
1939
P e o ria B lo o m ln g to n & C h am l 1906 5 g M -N
283 ,000 N o v 1 1936
T ra c 1st M $3 ,0 0 0 ,0 0 0 g o ld ) I n t . a t a g e n c y M erch. B k . o f C anada, N . Y .
($1,000) ............................... c 'j C e n t r a l T ru st C o ., C h ica g o , T ru stee.
Bonds.— O f the $ 1 1 ,8 0 5 ,0 0 0 “ 1st & r e f.” b o n d s reserved fo r va riou s p u r
poses, $50 0,00 0 are reserved f6 r a cq u isitio n o f Springfield & N o rth ea stern
T r a c ., $718,000 t o retire prior liens, $ 3 ,7 8 8 ,0 0 0 to redeem th e general m o r t
gage bo n d s, and $ 6 ,7 9 9 ,0 0 0 fo r 8 0 % o f cash c o s t o f a d d itio n s and Im pts.
T h ese $6 ,7 9 9 ,0 0 0 b o n d s, e x c e p tin g $50 0 ,0 0 0 (Issuable a t a n y tim e fo r 8 0 %
o f c o s t o f ad d itio n s an d I m p ts.), ca n b e Issued o n ly w hen fo r th e p reced in g
12 m on th s gross earnings h a v e e qu a led five tim es an d net earnings 1
tim es
the Interest ch a rge o n all b o n d s o u ts ta n d in g and th o se p ro p o s e d to b e issu ed.
R e d e e m a b le a t 105 o n a n y int. d a te .
B o n d s are u n c o n d itio n a lly g u a r.,
p .& l., b y Illinois T r a c . C o . V . 90, p. 304; V . 95, p. 177. S t. L ou is & S p rin g
field 1st M . b o n d s are s u b je c t t o call o n a n y Int. d a te o n 60 d a y s ’ n o t ic e at
107 H & Int. A r e gu a r., p .& l., b y 111. T r a c . C o .; $68 ,000 o f b o n d s held In s .f.
P eoria B lo o m . & C h a m . T r . 1st M .b o n d s are g u a r., p . & l . , b y 111.Trac. C o.
T h e y are s u b le c t to call on a n y Interest d a te a t 105 on 30 d a y s ’ n o tice.
E A R N I N G S .— F o r y e a r e n din g D e c. 31 1911 (Incl. c o s . a cq u ire d In 191 2),
gross, $1,1 9 6 ,9 8 8 ; n et, after rents & taxes, $ 33 8,00 5; Int. o n $ 3 ,9 1 3 ,0 0 0
b o n d s), $ 19 5,65 0; surplus, $14 2,35 5.
R O A D .— E x te n d s fro m V e n ice , o p p o s ite S t. L o u is, t o P e o ria an d B lo o m
in g to n , w ith b ra n ch fr o m S ta u n to n to IU U sboro. T ra ck a g e , 215 m iles
m ain line, 10 m iles b elt line, 21 miles sidings; to ta l, 246 m iles, o f w h ich
31.88 are leased. S ta n d a rd gau ge. 475 cars an d 5 lo co m o tiv e s .— V . 94,
p . 1120; V . 95, p . 177, 237 .
(a) Springfield & N orth ea stern T ra ctio n C o_
O R G A N I Z A T I O N .— $ 1 ,3 5 0 ,0 0 0 o f s to c k Is o w n e d b y Illin ois T r a c tio n Co
M ostly p riv a te rig h t o f w a y .
S T O C K A N D B O N D S .—
Date.
Interest. Outstanding. Maturity
S tock $1,500,000 ..................................................................$ 1 ,500,000 ..........................
1st m tg e $1,50 0 ,0 0 0 ($ 1 ,0 0 0 ) f 1906
5 g J -D
8 00 ,000 D e c 1 1 0 3 6
g o ld _______ _______________ c * ( I n t . a t a g r y . M erch an ts’ Bk o f C a n ad a. N . Y .
I C entral T ru st C o. o f Illin o is, trustee.
Bonds.— B o n d s are g u a r ., p . & I., b y e n d . b y 111. T r a o . C o . C allable on
a n y Int. d a te o n 4 w eek s' n o tice a t 105. N o . sin k in g fu n d .
R O A D .— O perates 3 1 .8 m iles o f tr a c k , fro m Springfield to L in c o ln .
H as
27 trail cars. V . 85, p . 655.
O T H E R P R O P E R T I E S . A N D R O A D S U N D E R C O N S T R U C T IO N .
(14i D anville C o n su m e rs C oal C o .
„
STO C K A N D B O N D S —
Date.
Interest. Outstanding. Maturity.
S t o c k ................................................ A ll o w n ed b y Illinois T r a c tio n C o.
First m ortg a ge, $ 35 ,000 g o l d ,/ 1904 5 g M -N
$25 ,000 N o v 1 1924
( $ 1 , 0 0 0 ) .......... - ...................- c ] In t. a t o ffic e o f W . B . M cK in le y . C h a m ’ n , 111.
Bonds s u b je c t to call a t 105 on a n y Int. d a y . Sinking fu n d 2 cen ts per t o n .
R oss R . M attls, trustee.
(15) D anville & E a stern Illin ois R y .
_
„
Is bu lldlu g fro m D an ville t o Indiana S ta te lin e, 7 m iles, to c o n n e ct w ith
Indiana Interu rban ro a d s . 3 m iles h a v e been co m p le te d A t T erre H a u te
c o n n e c tio n will be m a d e w ith In d ian a Interurban ro a d s . In S e p t. 1907
Increased s to c k fro m $ 5,000 to $5 0 0 ,0 0 0 . V . 85, p . 722. T e m p o r a r y b on d s
t o th e a m o u n t o f $ 5 0 ,0 0 0 (5 % ) are o u ts ta n d in g , d u e 1927.
(16) D anville & S o u th ea stern R y . C o .
.
_
O R G A N I Z A T I O N .— I n co rp o ra te d In Illin ois o n J a n . 14 1909.
STOC K A N D B O N D S—
Date.
Interest. Outstanding. Maturity.
S t o c k ..........
.
A ll o w n e d b y Illinois T ra ctio n C o.
First m ortg age $ 10 0,00 0 g o l d ,/ 1909
5 g J-J
$80 ,000 J u ly 1 1 9 2 9
($1 000) ................. ..............c & r ] I n t . a t Central Trust C o ., C h ic., trustee.
Bonds.— S u b je c t to call a t 105 an d Int. o n a n y Int. d a te . G u a ra n teed ,
p. & I., b y Illinois T r a c tio n Co
„
... „
R O A D .— O perates 7 m iles o f ro a d fro m D a n v ille C ity lim its to G ra pe
Creek coal d is trict. 7 0 -lb . rails.
„
, , m
O F F I C E R S .— Sam e as th ose fo r Illin ois Central T r a c tio n Co
(17) Des M oin es E lectric C o .
,
,
O R G A N I Z A T I O N .— Pu rchased b y Illin ois T r a c . C o. J u ly 1 1909.
F irst
m tg e . gold 5s, a u th . $ 5 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ); o u ts ta n d in g . $1,8 1 7 ,0 0 0 ; d a te,
1908; d u e N o v . 1 1938; Int. (M .-N .) at A m e r. T r . C o ., B o s to n ; s u b je c t to
ca ll a fte r N o v . 1 1914 a t 105. S in k in g fu n d , 1% o f b o n d s, N o v . 1 1914-21;
1 M % 1926 to 1931; 2 % 1931 to 1937. T h e Des M oin es R y . & L t. C o.
(h o ld in g c o .) has $ 8 3 8,00 0 (5 % J-J) te m p , bo n d s ou tsta n d in g , d u o 1935. t
S e p t ., 1 9 1 2 . ]
ELECTRIC RAILWAYS
27
R O A D .— 11.37 m iles o f track c o m p le t e d an d In o p e r a tio n ; 8 ca rs .— V
88, p . 293.
(4) G a le sb u rg R a ilw a y & L ig h t.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M aine In 1 9 * 4 , an d Is a c o n s o lid a
tio n o f th e G alesbu rg E le c tr ic M o to r & P o w e r C o . and th e G alesbu rg G as
A E L L t . C o. Franchises e x p ire In 1920. In 1910 a new gas franchise w as
gra n ted fo r 30 years.
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity.
S to c k $ 1 ,5 0 0 ,0 0 0 (5 1 0 0 )..................................... ................ 5 1 .0 0 0 ,0 0 0 ............. .........
N ew
m o rtg a g e
5 1 ,5 0 0 ,0 0 0 / 1904
5 g J -J
1 ,150,000 J u ly 1 1 9 3 4
g o ld (5 1 ,0 0 0 )---------------------c ) In t. a t P o r tla n d T r . C o ., P o r tla n d , M e .,T r u s .
G alesbu rg G as & E le c L t fir s t / 1899
5 g A -O
350 ,0 0 0 A p ril 1 1919
m tg e $ 3 5 0,00 0 ( $ 1 ,0 0 0 ) .. c ( I n t . a t P o rtla n d T r . C o ., P o r tla n d , M e ..T ru s
Bonds.— T h e new $ 1 ,5 0 0 ,0 0 0 Issue Is s u b je c t to call on a n y Interest d a te
a t 105 a n d Interest; n o sin k in g fu n d ; $35 0 ,0 0 0 are reserved fo r th e p rior
liens.
R O A D .— H as 17.57 m iles o f tr a c k . 41 ca rs .
O w ns p o w e r -h o u se , gen
eratin g cu rren t fo r b o th th e street ra ilw a y an d e le ctric-lig h t p la n t, an d also
d o c s steam h ea tin g. S u p plies 200 c o m m e rcia l arcs. 4,488 gas m eters In
u s e .— V . 78, p. 2384.
(5) Q u in cy R a ilw a y .
O R G A N I Z A T I O N .— I n c o r p . In Illinois In 1912 as su cce sso r to th e Q u in cy
H orse R y . & C a rryin g C o. V . 94, p. 1628.
D oes entire (electric) stre e t ra ilw a y business In Q u in c y .
P rin cip al
franchise Is u n lim ite d , g ran ted In 1865, an d e x c lu s iv e fo r 50 y e a rs. O ther
franchises m atu re fro m 1922 t o 1937.
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
Maturity.
S to c k . 5 1 ,0 0 0 ,0 0 0 ............................................................
(?)
_______ . . . .
B o n d s $ 1 ,0 0 0 ,0 0 0 _____ ______ - 1912
----------------- £ $ 8 0 0 ,0 0 0 ____________
x O f th e $800,000 b o n d s o u ts ta n d in g , $14 0,00 0 are 1st M . an d 5660,000
are 2d m tg e . T h e rem ain in g $20 0,00 0 unissued b o n d s arc fo r e x te n s . an d
Im p ro v e m e n ts.
R O A D .— O perates 18.45 m iles o f tra ck ; 51 c a r s .— V . 94, 1628.
(6) W ich ita R a ilroad & L ig h t .— T r o lle y .
O R G A N I Z A T I O N .— C hartered M ay 1 1900 fo r 30 y e a rs.
S tre e t rail
w a y franchise expires 1933, lig h tin g in 1919.
In 1910 e n tered in to a c o n
tra ct, e x te n d in g fo r 20 yr3., fo r pu rch ase o f p o w e r fro m K ansas Gas & E le c .
C o . On S e p t. 29 1911 Increased a u th . s t o c k fro m $ 3 0 0,00 0 to $ 1 ,5 0 0 ,0 0 0 .
O n O ct. 24 1911 P u b . U tilities C o m m , gra n te d a u th o r ity to Issue $ 1 6 5 ,0 0 0
b o n d s. V . 93, p . 1192.
STOCK AND BO N D S—
Date.
Interest. Outstanding.
Maturity
S to c k , 51,5 0 0 .0 0 0 ($100) ___________
________
$ 3 0 0,00 0 ............. .
First
m o rtg a g e ,
$ 3 0 0 ,0 0 0 / 1900
5 g A -O
300 000
O c t . 1919
.............. ..
„
„
W E S T E R N R A I L W A Y S & L IG H T CO .
($1.000) g o l d . . ........ ............cl I n t. a t P o rtla n d T r . C o .. P o r tla n d , M e .. T ru s
C on trolled b v sam e Interests th at co n tro l the Illinois Ir a c tlo n C o.
N ew m o r tg a g e S I ,5 0 0 ,0 0 0 g o ld 1907 5 g A -O
1,192 000 O ct 1 1932
O R G A N I Z A T I O N .— In c o r p o r a te d M arch 1907 In M aine, an d ow ns all the
Bonds.— 1st M . b o n d s are s u b je c t t o call at 105 on 6 m o n th s ' n o tice .
ca p ita l s to c k o f th e fo llo w in g :
R O A D .— O w ns 32 m iles o f tr o lle y tra ck In W ic h it a . K an sas, in clu d in g
|Jefferson C ity L t ., l i t . & P o w . C o.
A tc h is o n R y . L t . & P o w . C o.
d o u b le -t r a c k brid g e o v e r th e A rk a n sas R iv e r and e x te n sio n s to W o n
Q u in cy R a ilw a y
C airo ft S t. L ou is R y . C o.
derlan d P ark an d F a ir G ro u n d s; 75 c a r s .— V . 9 3 , p . 941 . 1192.
M arseilles W a te r A L ig h t C o .
Cairo R y . ft L igh t C o.
N orth ern Illinois L ig h t A T r a c . Co.
C h ica go O tta w a 5s P eoria R y . C o.
(7> C h ica g o O tta w a & Peoria R a ilw a y C o.
C itizen s' L tg . C o. o f La Salle A Peru W ich ita R R . A L ig h t C o.
O R G A N I Z A T I O N .— B o u g h t o u tr ig h t In 1909 th e Illin ois V a lle y R y .
G alesbu rg R a ilw a y A L igh t C o.
I
,
..
„
.
O perates largely o n p riv a te rig h t o f w a y . Franchises In v a rio u s tow n s
W estern R y s & L ig h t, w ith th e Illin o is T r a c tio n , w ill furnish th rou gh
m ature m o s tly a fte r 1950.
s erv ice betw een C h ica g o an d S t. L ou is w hen C h ica go c o n n e c tio n Is c o m
S T O C K A N D B O N D S .—
Date.
Interest. Outstanding. Maturity.
p le te d . V . 90, p. 238.
Lease.— Is leased to S t. L . Springfield & P eoria R R . tor 40 yrs. fr o m l9 1 2 , S t o c k __________________________ AH o w n e d b y W estern R y s & L ig h t C o.
First c o n s o l, a n d r e fu n d in g ) 1907
5 g J -D
$ 1 ,9 4 3 ,0 0 0 D e c 1 1938
STOC K A N D B O N DS—
Rate.
Outstanding. Dividends.
m tg e $ 5 ,0 0 0 ,0 0 0 ($1,000) ./C e n t r a l T ru s t C o . o f Illin ois. T ru ste e .
51,521,800
-------C om m on ($100) . . . -----------------------------------------Gen m tg e $ 1 ,2 5 0 ,0 0 0 g o l d / 1910
6 g J -D
768 ,000 D e c 1 1 9 3 8
P r e f., $2,5 0 0 ,0 0 0 ( $ 100) c u m __________ 6 Q -J
2,500,000
See t e x t
($1,000) su b j to call p a r .c )I n t e r e s t a t M e rch a n ts’ B a n k o f C a n ., N . Y .
D ebenture bon d s . ------------------------------------- 781,000
-------------Illin ois Val 1st M $ 2 ,0 0 0 ,OOOgJ 1905
5 g
1 ,500.000 S e p t 1 1935
Stock.— B efore a u th . a m o u n t o f pref. s to c k can be In cre a s e d ,s u rp lu s e a rn ($500 an d 5 1 ,0 0 0 )________ d i n t , at P o rtla n d (M e.) T ru s t C o .. T ru stee.
Ings a b o v e exp en ses and ln t. fo r previou s y e a r m ust be equa l to 9% o n all
Bonds.— C h. O tt. A P e o . 1st M . b o n d s are g u a r ., p . & L , b y W e ste rn R y s
pref. s to c k Issued and to be Issued.
V . 90, p . 238.
A L t . C o. $ 1 ,5 0 0 ,0 0 0 are reserved fo r prior liens. T h e y are s u b je c t t o call
Dividends h a ve been paid on pref. sin ce o rg a n iz a tio n .
on a n y ln t. d a y on 30 d a y s ’ n o tice at 105.
I n t . at M erch an ts B a n k o f Can
Illin ois V a lie v b o n d s h a v e a sinking fund o f 1 14% per
E A R N I N G S .— O f c o n tr o lle d c o m p a n ie s fo r c a le n d a r years. R e p o r t fo r ada In N . Y . C ity .
G en. m tg e . Is g u a r.,
1911 In V . 95, p. 233 .
In 1911 r e v . pass, ca rrie d , 2 2 ,5 5 2 ,2 4 7 , against an n u m o f a m o u n t o u t . A r c s u b je c t t o call a t 105.
p . A 1., b y W estern R y s . & L t . C o.
2 1 ,0 0 9 ,8 0 4 111 1910.
R O A D .— O perates fro m P r in c e to n , 111., via P eru , L a S alle, TJtica. O t
1908.
1910.
1909.
1911.
Darnings—
$353,198
$252,672 ta w a , M arseilles, S eneca an d M orris t o J o lie t, a b o u t 107 m iles, w ith branches
$302,893
$37 3,92 0
I n t e r u r b a n _____________
064,910 fro m S prin g V a lley to L a d d an d fro m O tta w a to S tre a to r, 16 m iles; t o ta l,
8 3 9 ,9 5 6
92 5,105
781 ,380
S treet ra ilw a y ----------------172,145 a b o u t 123 m . R o a d fro m M orris to Jo lie t w as p la ce d In o p e r. In D e c. 1911;
210
,8
5
9
310,659
188,857
G as_________ ______ ______
85 c a r s .— V . 8 7 , p . 812; V . 9 2 , p . 1374.
251 ,878
302 ,052
239,914
247,471
E lectric ligh t and pow er
27,619
2 3 ,810
12,902
27,807
S team h ea t, w ater, A c _ .
(8) N orthern Illin ois L ig h t & T ra ctio n C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d In Illinois an d Is su cce sso r In J u ly 1903
G ross earnings
. ____ $ 2 ,0 2 9 ,3 5 5
$ 1 ,6 7 9 ,7 0 1
$ 1 ,5 4 8 ,4 1 4 $1,342,544
t o the O tta w a R a ilw a y , L igh t A P o w e r C o ., sold u n d er fo re c lo s u r e .
Fran
T o t . n et r e v .a ft .t a x ., & c.
5773,913
562 0,11 9
5591,154
$166,904
chise perpetu al fo r lig h tin g and until M arch 1924 fo r r a ilw a y . H as c o n tr a c t
In terest on b on d s, Ac __
5474,691
$ 3 5 6,48 8
$269,427
5247,342
fo r c it y lig h tin g .
W e s te rn R y s . & L ig h t C o. o w n s all th e s to c k .
P referred d iv id e n d s ____
142,260
134,700
116,987
103,167
STOCK A N D B O N DS—
Date.
Interest. Outstanding.
Maturity.
S to c k . $250,000 ($ 1 0 0 ).................................. ..............
$ 2 5 0,00 0
............ ..
$150,962
$12 8,93 1
520 4,74 0
5116,395
B a lan ce, s u rp lu s _____
1st m tg e , $1 ,2 0 0 ,0 0 0 , g o ld ) 1903
5 g J-J
• 307,000 J u ly 1 1923
D u rin g 1911 $265,887 w as e x p e n d e d fo r m a in t., renew als and b e tte r m ’ ts.
($500 and 5 1 ,0 0 0 )_______c * / l n t . at A m erica n T r . C o .. B o s to n . T r u s t e e .
R O A D .— C ity lines co n s titu te 93.3 6 m iles o f tr a c k , Interurban lines c o m
* A ll b u t $265,000 o f these b o n d s are g u a r ., p . A I., b y e n d ., b y W e s tern
prise 103.02 m iles: tota l o f all lines, 196 .38 m iles o f tr a c k . C ity lines h a v e
R y s . A L ig h t C o.
173 m o to r an d 52 oth er ca rs.
In te ru rb a n lines h a v e 45 m o to r a n d 45
Bonds.— N o sin k , fu n d an d b o n d s c a n n o t b e ca lle d . R e m a in in g b on d s
o th e r ca rs. O n D ec. 31 1911 co m p a n ie s w ere su p p ly in g 798 arc an d 119,367 are fo r a d d itio n s , exte n sio n s an d new pro p e rtie s.
In can d escen t ligh ts. 9,7 2 5 gas m eters w ere In uso. 8 p o w e r h ou ses, w ith
R O A D A N D P L A N T .— O perates 6.5 m iles o f lin e , c o v e r in g th e p r in
33 gen erators; tota l c a p a c ity , 12,340 k . w .
cipal streets o f O tta w a , and also runs o u t o f th e c it y t o Ellis P a rk , a pleasure
O F F I C E R S .— -P res., W . B . M c K in le y , C h a m p a ign ; V .- P ., G eo. F . D u n resort on the Illinois R iv e r . A lso has en ten slon s fro m O tta w a t o C h a u ta u
E q u ip ., 8 m o t o r an d 3 o th e r cars.
H as b o th steam an d w a ter
c a n , P o rtla n d , M e.; V .-P . an d G en. M a n ., II. E. C h u b b u ck , P e o ria , 111.: q u a P a rk .
p o w e r plants fo r ge n e ra tin g p o w e r, w hich ca n b e o p e r a te d In d ep en d en tly
S e c .. E . A . M a cN u tt, M on treal; T r e a s ., E d w a rd W o o d m a n . P o r tla n d , M e .—
If necessary.
Is su p p ly in g 167 en closed a rc ligh ts u n d e r c it y c o n t r a c t an d
V . 87, p. 814; V . 90, p. 238; V . 94, p. 280; V . 95, p . 233 .
107 fo r co m m e rcia l ligh tin g.
(1) A tch is o n R a ilw a y , L ig h t & P o w e r C o .
E A R N IN G S .
F o r 12 m o s. e n d . O c t . 31 1911, gross. $ 11 5,76 8; n e t, a fter
In 1910 c o n tr o l o f c o m p a n y w as a cq u ire d b y W e s te rn R y s . & L t . C o. ta x e s, $57 ,4 2 7 ; in t ., $30 ,3 5 0 ; surplus, $ 2 7 ,0 7 7 .— V . 93. p . 1788.
V . 90, p . 1553.
(9) C entral L ig h tin g C o .—
O R G A N I Z A T I O N .— S u cce sso r In 1895 o f th e A tch is o n R y . E le c. L . A P .
O R G A N I Z A T I O N . A c .— S to c k a u th . and o u t $10 0,00 0 f$ 1 0 0 ): all o w n ed
C o. C on trols electric r a ilw a y , lig h tin g an d gas p ro p e rtie s o f A tch is o n .
b y W estern R y s . A L t. C o. C oll, tr b o n d s a u th . and o u t ., * 2 5 0 ,0 0 0 g .
O n O ct. 4 1910 shareholders v o t e d t o Increase s to c k fro m 5 9 0 0 ,0 0 0 , o f
($ 1 ,0 0 0 ).
D a te 1902, d u e J u ly 1 1922. I n t . (5 g . J .-J .) p a y a b le a t P o r t
w h ich $400,000 w as p r e f., to 5 1 ,5 0 0 ,0 0 0 . all o n e cla ss, an d to m a k e a m tge
land T ru s t C o ., P o rtla n d , M e ., tru stee.
fo r 5 1 ,5 0 0 ,0 0 0 , o f w hich 575 0.00 0 w as Issued Im m ed iately t o ta k e up
(10) M arseilles W a te r & L ig h t C o .
540 0,00 0 pref. s to c k , retire prior b o n d s , an d fo r Im p ro ve m e n ts, A c . V . 91.
O R G A N IZ A T IO N , A c.
I n c o r p . in Illin ois In 1910 as su ccessor to C on s.
p . 1024. 1094. 1628.
,
„ ............................
,
In A p ril 1912 the rates fo r lig h tin g h a v in g be e n s a tisfa cto rily a d ju ste d W a te r A L t. C o . S t o c k o u t , $ 5 2 ,0 0 0 . M ar. W . A L t. b o n d s. $42 ,000 5s,
b etw een the c it y an d the c o m p a n y , th e p ro p o se d b o n d e le ctio n fo r the erec d u e A p r . 1024. C o n so l. W a te r & L t . b o n d s, $30 ,000 5s, d u e D e c. 1925.
tio n o f a m u n icip a l plant w as re scin d e d . V . 94, p . 982.
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Maturity.
CHARLESTON, S. 0.
S to c k , $1,5 0 0 ,0 0 0 (5 1 0 0 )..........................................- —
AAA -----------1A1_
C H A R L E S T O N C O N S O L ID A T E D R Y . A L IG H T IN G CO.
M o r t g a g e ______________________ ____
6%
$24 ,000 J u ly
191o
O
R
G
A
N
I
Z
A
T
I
O
N
.—
In c o r p o r a te d In South C arolina on A p ril 19 1910.
F irst m tge 5 1 ,5 0 0 ,0 0 0 _________ 1910
5%
722,000 N o v
1935
R O A D .— O perates 9.84 m iles o f tr a c k . 23 cars. Sup plies c it y w ith L eases fo r a p e rio d o f 99 years fro m Ju n e 21 1910 th e C h arleston C on s. R y .
Gas A E le c. C o.
L ea se gu ar. 6 % o n pref. and 4 % t o J u ly 1 1911, 5 % to
104 a rc ligh ts and 135 In can d sccen t lam ps; also 14 .y e s fo r co m m e rcia l
ligh tin g; 2,5 5 7 n atural gas m eters In u se .— V . 91, p. 1024, 1094, 1 6 .8 , V . 94, Ja n . 1 1913 an d 6 % th e re a fte r on e o m . s t o c k ' also Int. on o u ts ta n d in g
b o n d s o f th e C har. C on s. R y ., Gas A E le c.
p . 982.
Federal Suit.— T h e a p p lic a tio n fo r a te m p o r a r y In ju n ctio n p re v e n tin g
(2)
C airo R a ilw a y & L igh t C o .— A tr o lle y ro a d .
th e c it y from e n fo r cin g th e o r d in a n ce passed Ju n e 11 1912, fix in g rates to
O R G A N I Z A T I O N .— In c o r p o r a te d on O ct. 5 1908 in M aine, to ta k e o v e r he ch arged fo r ligh t, p o w e r a n d h ea t, h a v in g been d en ied on J u ly 29 1912
(V . 95, p . 2 9 7 ), the c o m p a n y on A u g . 3 1912 filed suit In F ed eral C ou rt to
the prop erties o f the C airo E lec. & T r a c . C o. and th e Cairo C ity G as C o. V .
V . 95, p. 419 .
8 8 , p. 293 , 374. T h e C airo E lec. A T r a c . w as a co n s o lid a tio n o f th e E g y p t p r e v e n t the e n fo rce m e n t o f said o rd in a n c e .
STOCK
Outstanding. Last Dividend.
E lectric C o. and the C airo E lec. L ig h t A P o w e r C o.
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity. S t o c k , c o m m o n , $ 1 ,5 0 0 ,0 0 0 ($ 5 0 )-------------------$ 1 ,5 0 0 ,0 0 0 O ct. 1910, 1 A %
P r e fe rre d , $50 0,00 0 6 % ($ 5 0 )----------------------500,000 J u ly 1911, 1 H %
S to c k , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 )..........
All ow n e d by W estern R y s. A L t . C o.
Dividends. O n p re f. 1st d l v ., 1 % , p aid Ju n e 30 1910; O ct. 1 1910. m % ,
C a iro R v A Lt M 5 1 ,0 0 0 .0 0 0 g . 1908
5 g J -D
$725 000 D ec 1 1938
C E A T 1st m tg e. 5 1 5 0,00 0 g ) 1903
5 g J -D
150.000 Jun e 1 1923 a n d sam e a m o u n t q u a r. since t o a n d Inch J u ly 1911. On c o m ., 1st d l v .,
1 % , p aid Ju n e 30 1910; O ct. 1910, l'A % .
N on e since to S e p t. 1912 on
($500 an d 5 1 ,0 0 0 )............... c / I n t . at C entral T ru st C o .. C h icago, T ru stee.
C airo C ity Gas Co $75 ,000 g o ld 1903
5 g J -D
75,000 Ju n e 1 1933
O F F I C E R S .— P r e s ., P . H . G adsden : V .- P .. W a lto n C lark: V . - P . and
Bonds.— C. E. A T . b on d s s u b j. t o call on a n y Int. d a te a fter tO yrs. at 105. G en.
M gr., G . I I . W a rin g : S e c ., W . F . D o u th irt: T r e a s ., L ew is LillieR O A D .— O perates 9 m iles o f track in C airo, to ge th e r w ith the e lectric
lig h tin g an d p ow er plan t. 24 cars.
F u rnishes c it y w ith 119 arc and 196 A sst. S e c . & T r e a s ., C. M . B e n e d ic t.— V . 90, p . 1101; V . 9 1 . p . 214 , 1327;
V . 95, p . 297, 419 .
.
. .
In can d escen t lig h ts ; also su p p lies 40 co m m e rcia l a rcs .— V . 88, p . 293, 374.
(1) C h arleston C o n s o lid a te d R y .. G as & E lectric C o . "■st
'
(3) C airo & St. L ou is R y .
O R G A N I Z A T I O N .— O rga n ized F eb . 21 1899 as a c o n s o lid a tio n o f the
In latter p art o f 1909 W estern R y s . & L t . C o . a cq u ire d co n tr o l.
C h arleston C ity R y . an d C harleston & Seashore R R . u n d e r S p e c ia l A c t o f
O R G A N I Z A T I O N .— In c o r p o r a te d In Illinois O c t . 1908 to c o n s tr u c t a S o . Car. L egislatu re, gra n tin g p erpetu al ch arter and gas A elec, ligh t po w ers.
lin o from C airo to E a st S t. L o u is.
H as a 5 0 -y r. fra n ch ise in C a iro, M ou n d
Franchises are p e rp e tu a l. A lso ow n s th e ca p ita l s t o c k o f th e C h a rleston
C it y a n d M ou n d s.
Gas L ig h t C o. ($698,150) and th e C h a rle sto n -E d lso n L ig h t A P o w e r C o.
STOC K AN D B O N D S—
Date.
Interest. Outstanding. Maturity. ($ 1 0 0 ,0 0 0 ), an d thus c o n tr o ls the w h ole field o f ligh t and tr a n s p o r ta tio n In
C h arleston .
In A p ril 1899 b o u g h t th e s to ck o f th e M t. P leasant A S u lliv a n 's
S to c k , 5 1 0 0 ,0 0 0 .............................. - ..............................
$ 100,000 .......................
First m ort. $250,000 gold c A r ? 1908
5 g M -N
250 ,000 N o v 1 1938
Isla n d F e rry C o. and fra n ch ise o f th e M id dle S t. A S u lliv a n ’ s Island R y .
1 P o rtla n d (M e.) T r.C o .,tru s.,& F . I). L u n t .P o r t l’ d
On M ay 21 1910 sh areh olders v o te d t o Issue $ 5 0 0,00 0 p re f. s t o c k .
V.
Bonds.— C ou p on b on d s are In 51.000 pieces an d registered In a n y desired 90, p . 1169. O n M arch 22 1911 sh areholders v o te d to Increase c o m m o n
s to o k fro m $ 1 ,5 0 0 ,0 0 0 t o $ 2 ,5 0 0 ,0 0 0 . V . 9 2 , p . 880 .
.............................
a m o u n t.
I n t. a t P ortla n d (M e.) T r . C o . N o s. f. an d n o t s u b je c t to call.
(18) M adison C ou n ty L ig h t & P ow er Co.
Ib a con solid a tion In 1006 o f the E d w ardsvllle L ig h t A P ow er C o . an d th e
i Granite C ity -V e n ice E lectric C o . Sup plies ligh t an d p o w e r t o E d w a r d s v llle .
G ranite C ity . V en ice and B r o o k ly n . S to c k all o w n e d b y 111. I r a c tlo n .
S T O C K A N D B O N D S .—
Date.
Interest. Outstandlno. Maturity
___ ______
___________
$100,000 --------------- - 'S t o c k $100 000
1st m tge j i , 000',6 6 6 "($Y ,0 0 0 ) r 1906
5 g J -D
433 ,000 D e c 1 1036
c o ld
c *( In t a t a g c y . M erch an ts’ B k . o f C a n ada. N . Y
....................
IC entral T ru s t C o. o f Illin o is, tru stee.
Bonds.— G uar. p . and I. b y Illin o is T r a c tio n C o. Can be c a lle d on
fou r w eek s' n o tice o n a n y ln t. d a y a t 105. N o sin k in g fu n d .
(19) St L ouis E lectric B ridge C o .
,
.
O R G A N I Z A T I O N .— In c o r p o r a te d In Jan . 1907. O w ns a b rid g e from
S alisbu ry S t r e e t , S t. L ou is, t o V e n ice , III. In A p ril 1909 c o m p a n y In
creased c a p it a l s tock from 52,500 t o 5 1 .0 0 0 ,0 0 0 . V . 8 8 , p . 946 . S to c k all
•o w n ed b y Illinois T r a c tio n .
F o r fra n ch ise p ro v is io n s , see V . 85, p. 100.
■ C onstruction was sta rted In O ct. 1907 and brid g e w as fo rm a lly o p e n e d on
N o v . 10 1910.— V. 85, p. 100; V. 88, p . 946; V . 91, p . 1328.
First (tem p ora ry ) m tg e . g o ld (3 % to 5 % ) , a u th ., 53,000,000 ($ 1 ,0 0 0 );
ou ts ta n d in g , 5 2 ,5 4 2 ,0 0 0 ; date, 1909: d u e 1929, bu t s u b je c t to ca ll o n a n y
ln t. d a te a t par.
I n t . (M -S) a t M e rch a n ts' B a n k o f C an ada, M on treal.
(20) T o p e k a E d ison C o.
O R G A N I Z A T I O N .— O n M ch . 1 1910 Illin ois T r a o . C o . pu rch ased p r o p
e r ty . O perates e lectric-lig h t an d s te a m -h e a t p la n t In T o p e k a , K a n . B on ds
a u th ., $1 ,2 5 0 ,0 0 0 : o u t , 5 86 5,00 0; d a te d 1905. d u e S e p t. 1 1930; ln t. (5 % )
J .-J . at C on t. A C om m . T r . A S a v . B a n k , C h ica g o , tru ste e . S in k in g fund
$ 15 ,000 per a n n u m ,p a y a b le D eo. 15.
(21) U rbana L ig h t, H eat & P o w e r C o .
.
.
C on trols th e e le ctric ligh tin g an d s te a m -h e a tin g business o f U rb an a.
E n tire s to c k Is ow n ed b y Illin ois T r a c tio n Co
Outstanding. Maturity.
STOCK AN D BO N DS—
Date.
Interest. Outstanding.
See te x t
S tock 5 1 0 0 ,0 0 0 ..................................................................
532 ,0 0 0
See te x t.
5 M -N
First m tge 556 ,0 0 0 (5 0 0 ) ____ o 1903
See te x t .
79,0 0 0
First con sol m tge 5 2 0 0 ,0 0 0 ) _1909
5 J -D
7 * 1 .0 0 0 ) .. .
I I I n - - - ) Central T r . C o. o f 111.. T ru stee. I n t . In Chlo.
Bonds.— F irst m o rtg a g e b o n d s m atu re 52,0 0 0 to 54,500 a n n u a lly on
M ay I until M ay 1 1020. 524 ,000 retired up to S e p t. 1912. O f 1st co n so l,
m tg e . 542 ,0 0 0 are reserved fo r p rio r b o n d s an d 579 ,0 0 0 are fo r new c o n
s tr u c tio n .
B on d s m atu re o n M arch 1 y e a r ly fro m 1918 to 1927. T h e y
are g u a r, b y 111. T r a c . C o.
V . 8 9 , p . 167.
O F F I C E R S .— P res., VV. B . M cK in le y ; S e c ., E . A . M ac N u tt; T r e a s ..
G eo. M . M attis: G en. M g r., M . H . C h u b b u c k .— V . 8 9 , p . 167.
ELECTRIC RAILWAYS
28
STOCK AN D BONDS
Date.
Interest. Outstanding. Maturity.
S to c k c o m $ 2 ,5 0 0 ,OOCHpar $ 5 0 ) ____
Q -J
$ 2 ,1 0 3 ,8 0 0 S ee t e x t .
P r e f 6 % c u m $5 0 0 ,0 0 0 ($ 5 0 )...............
Q -J
500 ,0 0 0 S ee t e x t .
C h arleston C ity first m o r tg a g e ! 1898
5 g J-J
752 ,000 J an 1 1923
$ 1 ,000) $850,000 g o ld -------c ) T a x free. In t. a t M erc. T r . & S . D . C o ., B a lt
C on sol m tg e g old $ 2 ,5 0 0 ,0 0 0 ] 1899
5 g M -S
1,718,000 M ch 1 1999
c o u p o n ( $ 1 , 0 0 0 ) -------------- * JIn terest a t B a lt. T ru st C o .. T ru stee.
H old ers c a n also c o lle c t c o u p o n s a t C arolina S a v in gs B a n k , C h a rleston .
If presen ted b e fo re th e 10th o f the m on th
Bonds.— O f the co n s o lid a te d 5s, $75 2,00 0 a ie reserved t o retire a like
a m o u n t o f C ity R y . first 5s.
Sinking Fund.— A fte r 6 % d iv id e n d has been d e cla re d on s t o c k , a sin k in g
fu n d o f $10,000 p er an n u m b e co m e s o p e r a tiv e o n c o n s o ls.
Dividends.— See d iv id e n d s gu a ra n te e d u nd er lease a b o v e .
R O A D , & c.— O w ns 41 m iles o f e le ctric r o a d , o f w h ic h 31 m iles In C h arles
to n and 10 miles fro m M t. P leasant (co n n e c tin g b y fe rr y w ith C h arleston )
t o S u lliva n ’s Island an d Isle o f P a lm s, a p leasu re resort o n th e A tla n tic
c o a s t, Inclu din g land a t Isle o f P a lm s, fe rr y , & c. T h e c o m p a n y has c o n
solid a ted all o f Its th ree p o w e r stations; b o th ra ilw a y syste m s an d lig h t and
p ow er division are be in g o p e ra te d fro m sam e s ta tio n s; th e seash ore d iv isio n
Is con n e c te d b y su bm arin e cable
O F F IC E R S .
P res., P h ilip I I . G adsden ; S e c ., C h as. J . B e n d t, b o th o f
C h arleston; Cashier, W . B . G len n . O ffice s, N o . 141 M e e tin g S t ., Charles
to n .
V . 88, p . 504; V . 90, p . 1101, 1169; V . 92, p . 593 , 88 0 .
CHARLOTTE N. 0.
CHARLOTTE ELECTRIC RAILW AY C O — A tr o lle y r o a d .
O n J a n . 1 1911 the S ou th ern P o w e r C o . t o o k possession o f th e C h arlotte
E le c . R y ., L t . & P o w . C o . V . 91, p . 1511. T h e la tte r c o m p a n y ch a n ged
its nam e to the a b o v e title an d th e gas business w as transferred to the
C h a rlotte Gas & E le c . C o . an d th e e le ctric ligh t and p o w e r business to the
C h a rlotte P ow er C o. T h e b o n d s in th e ta b le b e lo w w ere Issued b y the
C h a rlotte E lec. R y ., L t . & P o w e r C o ., an d th erefore c o v e r the railw ay,
e le ctric and gas p rop e rtie s.
O R G A N I Z A T I O N .— T h e C h ar. E le c tr ic R y ., L t . & P o w . C o. w a s a c o n s o lld a tlo n In J a n . 1896 o f all th e e le ctric ligh tin g an d street railw ay interests o f
C h a rlotte. Since m erged th e C h a rlotte Gas L ig h t C o. S treet railw ay,
gas, e le ctric-lig h tin g an d p o w e r franchises are u n lim ited as to tim e an d are
said t o be e x clu s iv e u n til J a n . 26 1913.
STOCK AND BO N D S.
Date.
Interest. Outstanding. Maturity.
S to c k (par $ 5 0 ) ....................... ..
.....................................
$200,000 ............... ..
C har E le c R y , L & P 1st MJ 1899
5 g J -J
355 ,0 0 0 J u ly 1 1929
$ 5 0 0,00 0 g ($1,000) s f ._ c * \ I n t . a t M erc. T r . & D e p . C o ., B a lt., tru stee.
C har E lec R y ,L & P re f & e x t / 1906
5 A -O
4 8 6 ,0 0 0 A p ril 1 1936
M $ 2 ,0 0 0 ,0 0 0 g ($ 1 ,0 0 0 )_ c * l i n t . a t M erc. T r . & D e p . C o ., B a lt., tru stee.
Bonds — O n' tn e 1st M . b on d s a sink, fund Is p r o v id e d , o p e r a tiv e J u ly 1
1900, o f 1 % o f b on d s o u t , to be Invested In b o n d s draw n b y lo t a t 107
and
ln t ., If n ot o b ta in a b le a t low er figu re In o p e n m ark et; $45 ,0 0 0 h a v e been
ca n c e le d .
O f th e ret. an d e x t . m tg e . b o n d s, $ 3 8 0,00 0 are t o retire prior
lien s, $ 1 ,1 1 5 ,0 0 0 fo r a d d itio n s an d lm p ts. u n d e r c a re fu lly g u arded restric
tio n s . S in k , fu n d o p e r a tiv e A p ril 1907 o f 1 % o f b o n d s Issued, fo r p urchase
o f b on d s a t 107
an d ln t .. If o b ta in a b le ; oth e rw ise , such Investm en ts as
tru stee d eem s p r o p e r . V . 8 8 , p . 1252. $19 ,000 h a v e been re tire d .
R O A D . — O perates 19.31 m iles o f tra ck an d 46 cars.
E A R N I N G S .— F o r 12 m o s. en din g D ec. 31, 1910 (in cl. gas b u sin e ss),
gross, $29 0,79 9; net, $13 0,58 1; Int. and s k . f d . , $ 42 ,213 ; surplus, $88 , 368.
In 1909, gross, $26 8,03 2: net, $12 1,02 7; ln t., $ 35 ,275 ; su r., $ 85 ,752 .
O F F I C E R S .— P res., Z . V . T a y lo r .— V . 66, p . 384; V . 83, p . 890; V . 88,
p . 252; V . 91, p . 1511.
PIEDA10NT TRACTION CO.
Is c o n tr o lle d b y S ou th ern P ow er C o . Interests. U p o n c o m p le tio n o f Its
line an d th e tine o f th e G reen ville S p a rta n b u rg & A n d e rso n R y ., It Is p r o
posed to m erge b o th c o s . Into o n e c o .— th e P ie d m o n t & N o rth e rn R y .
O R G A N I Z A T I O N .— I n c o r p . In N orth C a rolin a. A u th . s t o c k , $ 1 ,5 0 0 ,
00 0 .
H as 6 0-year franchise In C h a rlo tte .
R O A D .— Is c o n s tr u c tin g a b o u t 37 m iles o f r o a d be tw e e n C h a rlotte and
K in gs M ou n ta in , passing th ro u gh M o u n t H o lly , L o w e ll an d G aston ia.
A b o u t 24 m iles co m p le te d , o f w hich 11 m iles w ere p laced in o p e ra tio n A p r . 3
1912; rem ain der e x p e c te d to be In o p e r a tio n d u rin g 1912.
O F F I C E R S .— P re s ., J . B . D u k e. N . Y . ; V . - P . , W . S . L e e , C h a rlo tte ;
T r e a s ., E . T h o m a s o n , C h a r lo tte .— V . 92, p . 1500.
CHICAGO, ILL.
AURORA ELGIN & CHICAGO R R — T h ird -ra il e le ctric (see Map on
paw 2 9 ).
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n In A p ril 1906 o f th e A u ro ra E lgin
& C h ica go Railway, th e E lgin A u ro ra & S o u th e rn T r a c tio n C o. an d the
C ook C o u n ty & S ou th e rn R R .
V . 8 2 , p . 27 9 , 691 , 1155. C h artered In
Illin ois u n d er law a p p ly in g to s te a m ra ilro a d s.
P r e s ., L . J . W o lf In a le tte r
d a te d M ay 20 1909 (V . 8 8 , p 1618) s ta te d th a t sy s te m Is “ In th e m ain on
p riv a te rig h t o f w a y o r p r o te c te d b y 5 0 -y e a r franchises o r grants w ith o u t
lim it .”
D oes freig h t and exp ress as w ell as p assenger business. V . 83,
p. 490 .
H as e x clu s iv e c o n t r a c t w ith M e tro p o lita n W e s t S id e E le v a te d to
o p e r a te o v e r Its tra ck s.
S to ck h o ld e rs v o t e d O ct. 18 1910 t o p u rch ase th e Ohio. W h e a to n & W e s t
ern R y ., w h ich runs fro m W e s t C h ic, t o G e n e v a , a b o u t 10 m iles. V . 91, p .5 1 7 .
STOCK AN D BO N DS—
Date.
Interest. Outst'd'g. Div.&due date.
C om m on $3,100,000 ($ 1 0 0 )..................
Q -J
$ 3 ,100,000 O c t . ’ 1 2 ,J i %
P ref $ 3 ,1 0 0 ,0 0 0 ( $ 1 0 0 ) 6 % c u m ____
Q -J
3 ,1 0 0 ,0 0 0 O c t . ’ 12, 1 H
F irst an d refu n din g m o rtg a g e l 1906
5 g J -J
3 ,0 2 9 ,0 0 0 J u ly 1 1946
$ 15 ,000 ,00 0 g old ($1,000) )In t. a t CIt. S a v . & T r . C o ., C le v e ., and also
See t e x t _____________ c*<Scr*j In N . Y . T ru s te e , N o rth . T r C o ., C h ic.
A E & C R y first m o rtg a g e l 1901 5 g A -O 15 2 ,9 0 0 ,0 0 0
A p r 15 1941
$3,0 0 0 ,0 0 0 ($1,000) g o ld }A m e r . T r . & S a v . B a n k , C h ica g o , T ru ste e .
c a n n o t be c a lle d .................... J In te re st p a y a b le In C h ica g o a n d N ew Y o r k .
E lgin A u rora & S ou th ern first! 1901
5 g J -D
2 ,0 0 0 ,0 0 0
Ju n e 1 1916
m tg e . $2,000,000 ($1,000) l i n t at A m e r . T r . & S a v . B a n k , C h ica g o ,
g old sin kin g fu n d _______ c * j
T r u s te e , an d F irst N a t. B k ., N . Y C ity .
Stock.— P ref. s to c k w as 5 % c u m . u n til A p ril 1 1909; th e r e a fte r 6 % c u m .
Bonds.— O f the $1 5 ,0 0 0 ,0 0 0 (o rig in a lly $ 2 5 ,0 0 0 ,0 0 0 , b u t r e d u ce d In 1910)
1st & r e f’g b on d s, $12 0,00 0 a rc In treas., $ 5 ,0 0 0 ,0 0 0 reserved fo r p rio r liens
and th e ba la n ce fo r Im p rovem en ts, e x te n sio n s an d s e lf-s u p p o r tin g a cqu isi
tio n s , u n d er rigid restrictio n s. T h e y are n o t s u b je c t to call n o w .See V . 88,
p . 1618. O n the A u ro r a E lgin & C h ic. R y . a s. f. o f $50 ,000 per an n u m
b e g a n o n A p r . 15 1911. See V . 74, p . 726 . $10 0,00 0 h a v e been re tire d .
O n th e E lgin A u rora & S o u th , b o n d s a sinking fund Is $17 ,000 p er a n n . first
5 y rs . an d $25 ,000 a n n . th ereafter; $ 3 0 4,00 0 h a v e been pu rch a se d a n d are
n ow h eld In sin k in g fu n d .
Dividends.— F irst d iv id e n d o n p re fe rre d — 1 H % — p aid J u ly 1906 (V . 82,
p. 143 6 ), and th e sam e a m o u n t q u a rte rly sin ce th en up to an d Inclu din g
A p ril 1909. J u ly 1909 d iv id e n d Increased t o 1
an d sam e a m o u n t paid
q u a r. sin ce to an d Inclu din g O c t . 1912.
O n c o m m o n , first d iv id e n d —
H % — O ct. 7 1907. In 1908, 3% . I n 1909, 3 % . In 1010. 3% . In 1911,
3% .
In 1912, J a n ., M % : A p r . , 3
A % : J u ly , ^ % ; O c t . , 3
A%.
Latest Earnings.— F o r 12 m o s. e n d in g Ju n e 30 1912, gross, $1 ,8 9 2 ,3 8 8 ;
n et a fter taxes, $ 75 5,21 6;
o th e r In com e, $ 8 ,2 4 0 ; d e d u ctio n s , $38 6,12 7;
sutm lus, $ 37 7,32 9.
R E P O R T .— F o r y e a r e n d in g Ju n e 30 1911 In V . 93, p . 1530.
Gross
Net
Other
Int. &
Pfd.Dlv.Com.Divs. Bal.,
Year—
Earns.
Earns.
Inc. Taxes.
(6 % )
(3 % )
Surp.
1910-11 $ 1 ,774,992 $721,644 $15,492 $42 3,37 3 $18 6,00 0 $93 ,000 $34,763
1909-10
1,536,898 634,121
71,539 373 ,823 186,000
93,000
52,837
R O A D .— O perates fro m F ifth A v e n u e s ta tio n In th e C ity o f C h ica g o , o v e r
tra ck s o f th e M etrop o lita n W e s t S ide E le v a te d r o a d ; th e n ce on Its o w n lin e
t o W h e a to n , w ith lines fro m W h e a to n t o E lg in , B a ta v ia and A u ro ra ; also
fro m E lgin t o C a rp en tersvllle, D u n d e e , S t. C h arles, G e n e v a . Y o r k v llle and
B r is to l, a n d a line fro m W h e a to n th ro u g h W e s t C h icago t o G e n e va . T o t a l
sin gle tr a c k , 166 m iles. T h ir d rail, s ta n d a rd T , 100 lb s .; track rails, 80 lb s .:
I n te ru rb a n an d c it y lines, 6 0 -9 5 -lb . T an d girder rails; 114 passenger cars;
2 ex p ress cars: 6 s n o w -p lo w s and sw eep ers; 5 o th e r cars; to ta l cars, 127.
O F F I C E R S .— P res., L. J. W o lf. C levelan d ; V .- P ., M. J. M an delbau m : Sec.
and T r e a s ., H . C. L a n g . C le ve la n d ; A sst. T r e a s ., A . B o r n ; A u d ito r ., C. E.
Flenner; G en . M g r ., E d w in C. F a b e r, W h e a t o n . 111. E x e cu tiv e o ffic e s ,
G arfleld B ld g ., C lev e la n d , O h io .— V . 8 8 , p . 1618; V . 8 9 , p . 1480, 1595; V
9 0 , p . 302; V . 91, p . 517 , 1095; V . 9 2 , p . 1563; V . 93, p . 1105, 1530.
CHICAGO CITY & CONNECTING R Y S .— A collateral tru st.
Proposed Unification of Surface and Elevated Lines.— S ee C h icago R y s .
F o rm e d In 1910 u n d er a tru st a g re e m e n t, t o tak e o v e r the s to c k o f the
C h icago C ity R y ., to g e th e r w ith th e secu rities o f th e C a lu m et & Sou th
C h ica go R y . , th elS ou th ern S tre e t R a ilw a y,Jth e H a m m o n d W h itin g & East
C h ica go R y . and the C h ica go & W e s te rn . T h ese p rop erties com p rise 430
VOL. L XXXXV .
m iles o f street ra ilw a y In sou th ern d iv isio n o f C h icago an d v ic in it y . See
ou tlin e o f plan In V . 90, p . 558 , 62 5 . T h e trustees are: E . H G a r y , A . J.
E arllng a n d S . M . F e lto n .
STOC K A N D B O N D S—
Date. Interest. Outstanding.
Maturity.
C om part ce rts 150,000 s h a r e s . ____
s-a
150,000 shs. J u ly ’ 12,
$1
P ref part ce rts 250 ,000 s h a r e s - ____
s-a
250 ,000 shs. J u l y ’ 12, $ 2 .2 5
Coll trust m tge $ 2 2 ,0 0 0 ,0 0 0 ] 1910
5 A -O
$ 2 2 ,0 0 0 ,0 0 0
Jan 1 1927
g o ld sin kin g f u n d . _ c * & r * i I n t . at 1st T r.& S .B .C h lc..T ru s . or In N Y .
Participation Certificates.— P referred p a rticip a tio n shares h a v e n o par
value bu t are en title d to preferen tial c u m . d lv s . agg re g a tin g $4 50; also,
after c o m . p artlc. shares shall h ave re ce iv e d $4 In a n y y e a r, th e rem ain in g
surplus, n o t e x c e e d in g In a n y year $ 1 ,0 0 0 ,0 0 0 , shall be p aid r a ta b ly , % to
pref. and % to c o m ., bu t In n o case will th e pref. certs, be e n title d t o m ore
than $7 each per a n n u m ; also h a ve preferen ce u p o n d is trib u tio n o f trust
fu n d to th e a m o u n t o f $100 each an d a ccu m u la te d d iv id e n d s .
Bonds.— C o u p o n b on d s In d e n o m . o f $ 1 ,000; registered b on d s $1,0 0 0 or
m ultiples. A sin k , fu n d p ro v id e s fo r r e d e m p tio n , b e g in . M arch 1 1915, o f
$105,000 o f b o n d s p . a ., th e y bein g red eem , fo r th e s. f ., or as a w h ole, at
105 and ln t. In case o f p urchase o f p r o p e r ty o f th e C h icago C ity R y . by
C ity o f C h icago, or te rm in a tio n o f trust a g reem en t o f J a n . 1 1910, th en
bond s are redeem able a t par a n d a ccru e d Interest. See V . 90, p . 558 , 625 .
B on d s are listed on N . Y . S to c k E x ch a n g e .
V . 91. p . 1118.
Stocks and Bonds Deposited to Secure the Coll. Tr. Bonds (Apr. 1 9 1 2 ).
Stocks (par).
a Bonds (par).
C h ic.C ity R y ., v a lu e S200 per $100 s h . $ 1 6 ,9 7 1 .9 0 0 N on e
C alum et & S o u th C h ica go R y .................. 1 0 ,0 0 0 ,0 0 0
__________
S ou th ern S treet R y .......... .......................... * 2 ,3 6 9 ,0 0 0
*$31 ,000
H a m m o n d W h itin g & E a st C h ica go R y * 1 ,0 0 0 ,0 0 0
*1 ,0 0 0 ,0 0 0 new 1st 5s
C h icago & W e s t e r n .. ......................... .........
*72,000
*74,000
T o t a l............................................................... $ 3 0 ,4 1 2 ,9 0 0
$1,1 0 5 ,0 0 0
* E n tire
a U nder
each as an
com pan ies
Issue.
p ro v isio n s o f th e tru st m o rtg a g e these resp e ctiv e Issues o f bond s
en tire ty m a y be c o n v e r te d Into c a p ita l s to c k o f th e r es p ectiv e
t o an equal a m o u n t.
Dividends.— O n pref. p a rt. c tfs . $2 25 p er sh. has been p aid s em l-a n n .
since Jun e 1910 to a n d Incl. J u ly 1912.
O n c o m . p a r t. c tfs . $1 per sh.
has been paid sem l-a n n . sin ce Ju n e 1910 t o an d Incl. J u ly 1912.
R E P O R T .— F o r calen d ar years:
----------------Income---------------- Bond
Gen. Dlvs. on
Surp.
Calendar Dies.
Year ■
$
Int.
Gross.
Interest.
Exp. Part.Shares. Inc.
$
$
$
$
$
$
1911 ------ 2 ,537,968
74,701 2 ,6 1 2 ,6 7 2 1,1 0 0 ,0 0 0 48,762 1,4 2 5 ,0 0 0 38,9 1 0
1910
2,3 6 1 ,8 2 8 225 ,6 6 6 2,5 8 7 ,4 9 4 1,0 9 6 ,5 2 5 4 0 ,2 6 7 1,4 2 5 ,0 0 0 25.7 0 2
B O A R D O F D I R E C T O R S .— C h airm an, Ira M . C o b e ; Jam es 13. F organ .
John J. M itch ell, Sam uel In su ll, J o h n A . S p o o r , E d w a rd M orris, H arrison
B . R ile y , E . K . B o ls o t and L . A . B u s b y .
O F F I C E R S .— S e c. & T r e a s ., W . W . C ra w fo rd .— V . 90, p . 53, 1 0 8 . 558,
625, 848, 1675; V . 91, p . 1629, 1710; V . 93, p. 345; V . 94, p . 349, 111S.
(1) C h ica g o C ity R a ilw a y .— A n ele ctric r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In F e b . 1859. a n d has e x te n s iv e sur
face road privileges In the so u th d iv isio n o f C h ica g o .
In Ju n e 1908 entered
Into a c o n tr a c t w ith the C o m m o n w e a lth -E d iso n C o ., b y w h ich the C h ica go
C ity R y . agrees to b u y all o f Its e le ctr ic p o w e r fro m th a t c o m p a n y until
June 1918. T h e ra ilw a y has a b a n d o n e d Its p r o d u c in g p lan ts bu t retain s
Its d istrib u tin g plan ts.
V . 8 7 , p . 1010.
New Ordinances and Franchises.— O n F e b . 4 1907 th e C ity C ou n cil passed
ordin an ces p r o v id in g fo r a se ttle m e n t o f th e fra n ch ise q u e s tio n . T h ese
ordin an ces w ere a p p ro v e d a t the c it y e le ctio n on A p ril 2 1907 an d fo rm a lly
a c c e p te d b y the c o m p a n y ’s b o a rd o f d ire cto rs o n A p ril 15 1907. S u it t o
set aside fra n ch ise w as dism issed In A p ril 1912. V . 94, p. 1118. A n ex
te n d e d o u tlin e o f these o rd in a n ce s, on e t o th e C h ica g o C ity R a ilw a y C o .,
aiul c o v e r in g the lines o p e r a te d b y th at c o m p a n y , an d the o th e r t o the C h i
ca g o R y s . C o ., and c o v e r in g the lines o f th e form er C h ica g o U n io n T r a c tio n
C o. (n ow the C h ica g o R a ilw a y s C o . ) , w as g iv e n In V . 8 4 , p. 1123. T h e va lu e
o f th e ta n gib le an d In tan gible p r o p e r t y o f th e C h icago C ity R y . a t d a te of
the ord in an ces w as fixe d a t $ 2 1 ,0 0 0 ,0 0 0 . T h e c it y o r a n y c o m p a n y a u
th orized b y lt Is given th e right o n F e b . 1 o r A u g . l o f a n y y e a r , on six
m o n th s’ n o tice , to pu rch ase the en tire p r o p e r ty o f the tw o syste m s, o r eith er
o f th em , at th eir value at d a te o f o rd in a n c e , plus " t h e c o s t o f reh a b ilita tion
and exten sion s, In clu din g fair a llow a n ces fo r co n s tr u c tio n , profit and
b r o k e ra g e .”
B u t lt th e pro p e rtie s arc a cq u ire d fo r o p e ra tio n b y a p ri
vate co r p o r a tio n , fo r Its o w n p ro fit, th e pu rch ase price Is to be Increased
2 0 % — barrin g the case o f a p riv a te c o m p a n y w h ich m ig h t be w illin g to
turn o v e r to the c it y all profits a b o v e 5 % o n the c o s t o f the Investm en t.
T h e com p an ies are lim ite d du rin g their o p e r a tio n to an Interest return
o f 5 % u p on the agreed v alu e plus the c o s t o f reh a b ilita tio n an d e x t e n
sions. A ll n et p ro fits a b o v e this are to be d iv id e d o n th e basis o f 5 5 %
to the c it y an d 4 5 % t o th e c o m p a n ie s, b u t a d eficit In a n y year Is to be
m ade g o o d o u t o f the p rofits o f su bsequ en t years. A fte r A p ril 15 1 9 1 0 th e
com pan ies are re q u ire d to set aside 6 % o f the gross re ceip ts fo r m ain ten an ce
and repairs a n d an a d d itio n a l 8 % o f the gross re ceip ts to c o v e r renew als
and d e p re cia tio n . W h a te v e r p o r tio n o f the tw o fu n d s Is n o t u se d , rem ains
In the fu n d s an d passes to the c it y o r Its licensee u p o n p u rch a se.
B u t If
the tw o fu n d s are n o t su fficie n t fo r the p u rp oses n a m e d , the com p an ies
are o b lig a te d to su p p iy a d d itio n a l fu n d s.
Free transfers are required o v e r all c o n n e c tin g lines w ith in th e c it y lim its
co v e r e d b y the C h ica go R a ilw a y s C o m p a n y , the C h icago C ity R a ilw a y
and the S ou th ern S treet R a ilw a y (e x c e p t te rrito ry b o u n d e d b y T w elfth
Street, south an d m ain bran ch es o f C h ica go R iv e r and L a k e M ich igan ,
until su bw ays are In o p e r a tio n , w hen transfers w ill be given a t all Inter
sections In the s u b w a y s ), p ro v id e d th e passenger has paid a ilv e-cen t
fare and Is tra v e lin g In a n y o n e general d ir e ctio n .
C ertain ex ten sion s
are p ro v id e d , an d th e C h icago C ity C o m p a n y agreed to c o n s tr u c t In a d
d itio n the e q u iv a le n t o f e ig h t m iles o f single track an d the C h icago R a il
w ays system th e e q u iv a le n t o f tw e lv e m iles o f single tra ck . In each year
a fter the th ird y e a r. T h e co m p a n ie s also agree, u p o n d e m a n d o f the c it y ,
to furnish fu n d s n o t e x c e e d in g $ 5 ,0 0 0 ,0 0 0 In tho a ggre ga te fo r the c o n s tr u c
tio n o f a cen tral d o w n -to w n s u b w a y to be b u ilt an d o w n e d b y the c it y ,
tw o-O fths o f the c o s t to be bo rn e b y the C h icago C ity R y . a n d three-fifths
b y the C h icago R a ilw a y s . S e ctio n 25 o f C h icago C ity R y . o rd in a n ce fixes
the cap ital In vestm en t lim ita tio n o f the c o m p a n y as fo llo w s ; “ T h e c o m
p a n y shall n o t be requ ired o n a c c o u n t o f a n y e x te n sio n s o r s u b w a y s ,o r on
a cco u n t o f u n d e rg ro u n d tro lle y s, o r o n a c c o u n t o f a n y exte n sion s o f Its
street railw ays, o th e r th an th e e x te n sio n p r o v id e d fo r In e x h ib it “ A , ’ ’ and
In S ection 36 o f this o rd in a n c e , an d tou r (4) m iles o f d o u b le o r eigh t (8)
m iles o f single track p er a n n u m , as In S ection 3 h e re o f p r o v id e d , to Increase
Its to ta l capital Investm ent to such an e x te n t th a t th e return th ereon o v e r
vnd a b o v e th e Interest ch arge o f 5 % thereon b y this o rd in a n ce a u th orized
w o u ld be red u ced to an In adequate o r u n re a so n a b ly sm all a m o u n t .”
T h e franchises gra n ted b y th e o rd in a n ce s run until F e b . 1 1927. T h e
c it y reserves th e rig h t at a n y tim e to c o m m u te a sum n o t e x ce e d in g the
c it y ’s share o f the n et re ce ip ts fo r the p re v io u s y e a r Into a re d u ctio n o f the
rates o f fare.
Calumet * South Chicago Operated.— U n d e r an o p e ra tin g a g reem en t en
te re d in to In 1908, o p e ra te s th e C a lu m et & S o u th C h icago R y . an d will also
d ir e ct the w ork o f Its r e h a b ilita tio n .
Southern St. Ry. Operated.— U n der o r d in a n ce w n lcli w e n t Into foroe
A p ril 1 1909, o p e ra te s the S ou th ern S t. R y . an d w ill ca rry o n w ork o f th e
reh a b ilita tio n o f th a t ro a d .
O n Jan . 29 1912 C ity C ou n cil passed an o rd in a n ce p ro v id in g fo r the a c
qu isition b y C h ica go C ity R y . o f c it y lines o f the C h icago & S ou th ern T r a c .
C o. V . 94, p. 349, 629 . T h e latter w as sold at fo reclosu re in F eb . 1912.
T h e lines o u tsid e the c it y w ere taken o v e r b y th e C h ic. & In teru rban R y .
in the Interest o f the H a m m o n d W h itin g & E a st C h ica go R y .
Wage Agreement.— S ee u n d er C h ica go R y s . an d In V . 95, p. 618.
STOC K A N D B O N D S—
Date.
Interest. Outstanding. LaslD lv..A C .
S to c k , $ 1 9 ,000 ,00 0 ($ 1 0 0 ).................... T e x t Q -M 30 $18 ,000 ,00 0 See t e x t
First m o rt. ($ 1 ,0 0 0 ), gold c & r f 1907
5 g F -A
25,7 0 0 ,0 0 0 F e b 1 1927
\F irst T ru s t & S a v . B k ., C h ica g o , T ru stee.
Bonds.— T h ere Is n o lim it to th o a m o u n t o f bon d s th a t m a y be Issued
under the a b o v e m o rtg a g e .
Ilo n d s ca n be called a t 110 and Interest on or
b efore F e b . 1 1912, b u t n o t th e re a fte r.
U n d er the C h icago c it y o rd in a n ce ,
In case o f p urchase th e c it y has th e rig h t to redeem b o n d s a t par before
m a tu rity .
V . 84, p. 1488, 1550.
DIVIDENDS.— U su ally 12%, were In 1893 2 4 % ; 1894-1900, 1 2 % ; In
1901. 1 0 H % ; in 1902-09, 9 % ; In 1910, 1 6 % ; In 1911, 1 1 / 3 % ; in 1912, M ch .,
2 H % : Jun e, 2 / 3 % ; S e p t ., 2 / 3 %
.
R O A D , & c.— C o m p a n y ow n s (n o t Incl. C h ic. & S o . T r a c . lines) 272 .34 m .
o f single track, all n o w op e ra te d b y e le ctr ic ity . S yste m co v e rs th e S ou th
Side o f C h icago, e x te n d in g fro m th e cen tre o f the business d istrict sou th to
79th Street and b etw een the S ou th B ran ch o f the C h ica g o R iv e r a n d the
L a ke. Cars required b y o rd in a n ce J a n . 1 1908, 805 d o u b le -tru ck ca rs, 251
s in gle-tru ck cars; to ta l, 1,056.
( A R P iE N T E R S V I L L E
MAP OF THE
T o B e lv ld e r e —
CONNECTING WITH
AURORA,
s$r,° G i l b e r t s
R o ck p o rt. F reep ort,
E L G IN
&
C H IC A G O
B e lo it a n d J a n e s v ille
R A IL R O A D
Almora
A
N
D
C
O
N
N
E L G I N
Schaum berg
D e s P la in e s
o S p a u ld in g
S . E L G IN
ELECTRIC RAILWAYS
Y o u n g s d a le V
ITONVILLE
o H unger
i e u s c n v ill e
A d d is o n
INGALTo "
'W H E A T O N
H ills id e
B A T A V IA
MT(. C A R M E L j%
C EM ETERY W
A Y a n -e n liu r s t j
B a ld m o u u d
warrenville
N. AURORA
H in s d a le
1
n
EOLA JCT,
P u ffin °
OAK RIDGE
CEMETERY
NAPERVILLE
D ow n ers G ro v e
A U RO RA
S u m m it
MONTGOMERY
R. R. PARK
Sept. 1912.1
W o r t h .0
c Lem ont
B lu e Is la n d o
N o rm a n tp w n \ °
YORKVILLE
E
C
T I N
G
L
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E
S
30
ELECTRIC RAILWAYS
R E P O R T .— F o r 12 m o n th s en d in g J a n . 31 1912. See V . 94, p. 078.
Pass. rets. ( ln c l.S o .S t .R y .)$ 10,321,770 In c o m e fro m o p e r a t i o n .. $2,832,502
R e o t s . o th e r s o u r c e s ____
380 ,707 O th er in c o m e (co n tr a c to r s ’
p ro fit, bro k e ra ge , & c.)
$295,260
T o t a l r e c e ip t s ................ $ 1 0 ,711 ,47 7
O p . e x p ., ta x es, ren ew ’ls,
T o ta l In c o m e _________ $ 3 ,127,762
Int. on c a p . ln v . and net
In te re st o n b o n d s _______
1,181,722
e a r n s .o l S o u . S t. R y _ _
9,037,223
N et in c o m e ______________ $ 1 ,9 4 6 ,0 4 0
N et e a rn in g s................. .. $ 1 ,6 5 4 ,2 5 4 D iv id e n d s ( 1 0 % ) ________
1,8 0 0 ,0 0 0
C it y ’s p r o p o r tio n , 5 5 % . .
$909,840
C o .’s p r o p o r tio n , 4 5 % . .
$744,414
S u r p lu s ________________
$14 6,04 0
I n t . o n c a p ita l in v e s t’ t -.z $ 2 ,0 8 8 ,0 8 8
x T h e “ Interest on ca p ita l in v e s tm e n t,” $ 2 ,0 8 8 ,0 8 8 , is th a t certified by
b o a r d o f s u p erv lsin g en g in e e rs, as p r o v id e d b y the o rd in a n ce o f F e b . 11 1907
O F F I C E R S .— C h airm an E x .C o m ., Ira M . C o b e ; P r e s ., L e o n a r d A . Ilu s b y ;
V .- P . , H . 13. F lem in g; S e c . and T r e a s ., F . D . H o ffm a n ; A u d ., A . L . D e w e y .—
V . 87, p. 677, 1010, 1419; V . 88, p . 230, 293, 748, 819; V . 89, p . 1279; V . 90,
p . 53, 372, 625, 767, 771; V . 91, p. 1629; V . 92, p . 724, 792, 1435; V . 93, p .
345 , 666, 1599, 1667, 1785; V . 94, p . 349 , 629, 826 , 978, 1118.
(2) Calumet & South Chicago Ry.— Electric.
O R G A A IZ A T IO iM .— Is a co n s o lid a tio n fo rm e d in 1908 o f the C alum et
E le ctric S treet R y . an d S o u th C h ica go C ity R y . in a c c o r d a n c e w ith the
term s o f or d in a n c e passed b y the C ity C o u n cil M arch 30 1908.
Lines
are loca ted in the sou th d iv isio n o f th e c it y o f C h ic a g o . T h e o rd in an ce
gran ts franchises until F e b . 1 1927 and p r o v id e s th a t th e c it y is to receive
5 5 % o f net receip ts a fte r a llo w in g fo r o p e r a tin g e x p e n se s, ta xes and depre
ela tion and 5 % o n p resen t v a lu e , to g e th e r w ith a m o u n ts e x p e n d e d fo r Im
provem en ts an d ex ten sio n s. In te rch a n g e o f transfers w ith C h icago City
R y . b y establish in g fo u r tran sfer zo n e s Is p r o v id e d , b u t in three o f these
zon es free transfers c a n n o t be c o m p e lle d unless n et earnings fo r p recedin g
y ea r w ere equal to 5 % o n the in v e s tm e n t an d th e c o m p a n y ’s share o f the
net earnings a m o u n ts to 1 H % a d d itio n a l. C ity m a y p urchase p rop erty
on F e b . 1 o r A u g . 1 o f a n y y e a r u p o n s ix m o n t h s ’ n o t ic e , fo r presen t va lu e ,
w h ich is fixed at $ 5 ,0 0 0 ,0 0 0 plus a m o u n t e x p e n d e d fo r Im provem en ts
a d d itio n s and e x ten s ion s , b u t o n ly fo r m u n icip a l o p e r a tio n , w h e re purchase
Is m a d e n rlor to F e b . 1 1927. W ith an a d d itio n o f 2 0 % In p rice , c lt v m ay
also p u rch ase fo r th e p u r p o s e o f tu rn in g p r o p e r ty o v e r t o o th e r p arties (If
p u rch ased fo r C h icago C ity R y . o n ly 1 2 % a d d itio n a l n eed be p a id ), bu t
this a d d ition a l sum n eed n o t be p aid w h ere these o th e r parties agree to pay
o v e r to the c it y all o f th e profits a b o v e 5 % o n th e purch ase p rice . V . 86,
p . 1223. O n Ja n . 31 1912 certltled v alu e o f p ro p e r ty an d a d d itio n s thereto
w as $ 8 ,9 1 4 ,5 6 7 .
In D e c. ’ 10 Increased s t o c k fro m $ 5 ,0 0 0 ,0 0 0 t o $ 1 0 ,0 0 0 ,0 0 0 . V . 91, p .1 6 2 8 .
Operating Aoreement with Chicago City Railway Co.— O n Jun e 29 1908 Chi
ca g o C ity C ou n cil a p p ro v e d agreem en t b y w h ic h C h icago C ity R y . agrees to
o p e r a te C a lu m et & S ou th C h icago R y . C o .’ s street railw ay s y s te m , an d to
p la ce In o p e r a tio n th e zon e system o f transfers, as d escrib ed a b o v e . T h e
la tter c o m p a n y agrees to p a y a ctu a l c o s t o f this o p e r a tio n , an d Joint costs
are t o be p a id b y b o th co m p a n ie s In p r o p o r tio n to gross receipts o f ea ch ,
w ith certa in e x c e p tio n s .
In a d d itio n , C alum et & S ou th C h icago R y .
w ill p a y C h ica go C ity R y . 'A o f th e a ctu a l s a v in g In o p e r . e x p . resulting
from Joint o p e r a tio n , su ch sa vin g to be de te rm in e d b y a b o a rd o f engineers.
See V . 87. p . 224.
STOCK A N D BO N D S—
Dale.
Interest. Outstanding. Maturity.
S t o c k , $ 1 0 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ........ .... ....................................$ 1 0 ,0 0 0 ,0 0 0
____________
First m o rtg a g e r eh a b ilita tio n ) 1908
5 g F -A
4 ,0 7 5 ,0 0 0 F e b 1 1927
($1,000) g old n o s f - C '& r / I n t . a t F irst T r . & S a v . B k ., C h ic., tru stee.
Bonds.— T h e Issue o f 1st m tg e . b o n d s Is In d e te rm in a te , a m o u n t to be
lim ited t o a m o u n t o f new w o rk d o n e o n p r o p e r t y .
T h e y are s u b je c t to
call at a n y Int. d a te b e fo re J u ly 1 1912 at 105 anil In t.; th e re a fte r, o n ly In
ca se c it y shall p u rch ase p r o p e r ty a t par an d Int. o n a n y Int. d a te . N o s. f.
E A R N I N G S .— F or y ear e n d . J a n . 31 1912 (Joint pa rtn e rsh ip a c c o u n t)
gross, $ 1 ,0 3 0 ,9 1 5 ; n e t, a fte r ta x e s , $ 3 0 9 ,2 9 0 ; Int. o n In v e s t .,‘ $ 4 1 5 ,7 0 7 ; d e f.
d u e c o . fro m n et o f su c c e e d in g y e a r. $ 1 0 6 ,4 1 7 .
F o r ye a r e n d . J a n . 31 1912
(in d iv id u a l a c c o u n t ), Int. o n c a p ., $ 4 1 5 ,7 0 7 ; o th e r In co m e , $ 1 1 0 ,4 7 1 ; I n t .o n
b o n d s , $ 1 6 7 ,4 5 5 ; su rp lu s, $ 3 5 8 ,7 2 3 .
R O A D .— O w ns a n d op e ra te s 114 m iles o f tr a c k re a ch in g S o u th C h ica g o ,
P u llm a n , W e s t P u llm a n , A u b u r n P a rk , B u rn sid e a n d M a n h a tta n B e a ch .
A ls o ex ten d s from J a ck so n P ark t o 106th S t. a n d th e In d ia n a S ta te lino a lo n g
L a k e S h ore a n d b o th sides o f C a lu m et R iv e r .
70, 7 5 , 83 a n d 8 5 -lb . rails.
O F F I C E R S .— P res., L . A . B u s b y ; V .- P ., W . W . C ra w fo rd ; S e c. & T r e a s .,
F . D . H offm a n n ; A u d ., W . W . H ill.— 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.
(3) Southern Street Railway C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— I n c o r p o r a te d In Illin ois as a re o rg a n iz a tio n o f th e
C h ica go G eneral R y . , w h ich w as b id In a t fo re clo su re sale o n S e p t. 30 1907
b y th e S ou th ern S treet R a ilw a y C o.
V . 85, p . 863.
I n D e c. 1910 Increased s to c k fro m $ 8 0 0,00 0 t o $ 2 ,4 0 0 ,0 0 0 ; Increase b e in g
used t o retire th e $ 1 ,6 0 0 ,0 0 0 1st M . 5s. V . 91, p . 1631, 1712.
Operating Agreement with Chicago City Ry. Co.— O n A p ril 1 1909, the
ord in a n ce b y w h ich th e C h ic. C ity R y . op e ra te s th e p r o p e r ty w en t Into e ffe ct
w hen th e C ity C o m p a n y to o k possession a n d b egan o p e ra tin g w ith 25 new
cars, retirin g an eq u a l n u m b e r o f o ld o n e s. T h e $ 8 0 0,00 0 1st 5s o f 1904
were all retired , and trust d eed released, a n d new b on d s p ro v id e for
r eh a b ilita tion req u irem e n ts an d fo r r e fu n d in g o f o ld ls t s . T h e C h ic. City
R y . op era tes the p r o p e r ty an d th e Incom e th e re fro m (a fte r a llo w in g 5 %
return o n th e Investm ent) Is d iv id e d betw een th e c it y and the S outhern
c o m p a n y und er the term s o f the o rd in a n ce as In V . 8 8 , p . 1003, 5 5 % goin g
to th e c it y an d 4 5 % to th e S o u th e rn . T h e c it y purch ase p rice as Uxed by
the ord in a n ce am ou n ted o n J a n . 31 1912 to $ 1 ,5 7 0 ,1 5 0 .
STOCK —
Date.
Interest. Outstanding.
Maturity.
$ 2 ,3 6 3 ,0 0 0 ......................
S t o c k , $ 2 ,4 0 0 ,0 0 0 ($ 1 0 0 )............................................
Bonds Issued u n d er 1st m tg e . o f 1909 a rc fro m tim e t o tim e ca n ce le d an d
s to c k Issued In e x c h a n g e . In S e p t. 1912 n o b o n d s w ere o u t , b u t $ 3 7 ,0 0 0
had been d e p o s ite d u n d er C h ic. C ity & C o n n . R y s . c o ll. tr . In lieu o f b o n d s
h erea fter to be Issued to th a t a m o u n t a n d th en c o n v e r te d Into c a p ita l s to c k
at par.
E A R N I N G S .— F o r 12 m o s. e n d . Jan . 31 1912, 4 5 % o f gross earns, fro m
o p e r ., $ 11 3,86 0; Int. o n c a p . In vest., $ 77 ,052 ; o th e r in c ., $ 7 ,755; gross In
c o m e , $19 8 ,6 6 7 ; exp en se s, $ 18 ,073 ; n et in co m e , $ 18 0,59 4.
R O A D .— O w ns 18.81 m iles o f single tra ck ; e x te n d s fro m W a b a s h A v e . to
40th A v e . o n 22d S t .; also o n 25th S t ., L a w n d a le A v e ., K e d z le A v e . and
T h r o o p S t.
O F F I C E R S .— P r e s .; L. A . B u s b y ; V .- P ., W . W . C raw ford ; S ee. & T re a s.,
F. D . H o ffm a n n ; A u d ., W . W . H ill.— V . 88, p . 1003 1063; V . 9 0 , p . 54;
V . 9 1 , p . 1631, 1712
(4) Hammond Whiting & East Chicago Railway Co.— A tr o lle y r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a In Ja n . 1910 as su ccessor
to H a m m o n d W h itin g & E a st C h ica go Electric R y . Franchise exp ires In
1954. P ow er Is fu rn ish ed b y C alum et & S ou th C h icago R y .
STOCK—
Miles. Date. Interest. Outstand'g. Dividends.
S to c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......... 25 .9 4 .........
............. $ 1 ,0 0 0 ,0 0 0
.......................
First m tg e . $ 5 ,0 0 0 ,0 0 0 , g o l d /
1910 5 g F -A
1 ,0 0 0 .0 0 0 F e b . 1 1930
( $ 1 , 0 0 0 ) ............... ............c & r l l n t . a t F irst T ru s t & S a v . B a n k , C h ic ., tru s.
Bonds.— S u b je c t t o call a t 105 an d Int. E . K . B o ls o t Is also tru stee.
E A R N I N G S .— F o r c a l. y e a r 1911, gross, $ 17 8,82 3; n e t, $ 61 ,266 ; Interest,
$ 5 5 ,7 2 3 ; su rplu s, $ 5,543.
R O A D .— O w ns 25.94 m iles o f t r a c k , e x te n d in g fro m S ta te line be tw e e n
Illinois an d In d ia n a at 108th S t ., C h ic a g o , t o W h itin g , E ast C h icago an d
H a m m on d In In d ia n a , an d operates in c o n n e c tio n w ith C alum et & S ou th
C h icago R y . t o 63d S t. an d M adison A v e . In C h ica g o .
11 m o to r cars; 5
oth er cars; s ta n d a rd gauge; 8 0 -lb . T rail.
O F F I C E R S .— P r e s ., L . A . B u s b y ; V .- P . , W . W . C raw ford ; S e c . and
T r e a s ., F . D . H offm a n n ; A u d ., W . W . H ill; G en. M g rs ., A . L . D ru m & C o .,
76 W . M on roe S t ., C h ica g o .— V . 79, p . 103.
CHICAGO & INTERURBAN RAILW AY.
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin o is F e b . 14 1912, In th e
in terest o f the H a m m o n d W h itin g & E a st C h ica go E le c tr ic R y ., t o tak e
o v e r th e p r o p e r ty o f the C h ica go & S ou th ern T r a c tio n C o . (sold at fo re c lo s
u re), ou tsid e the c it y lim its, th e lines w ith in the c it y h a v in g been a cq u ire d
b y C h ic. C ity R y .
V . 94, p . 697.
U nder th e term ? o f an o rd in a n ce passed
J a n . 29 1912 an op era tin g a greem en t be tw e e n the C h ica go C ity R y . an d
th e C h icago & In teru rban p ro v id e s th a t the ln teru rb an cars o f th e latter c o .
shall run to a d o w n to w n term inus a t H arrison S t. T h e o r d in a n ce also p ro
v id es th e rig h t fo r 1 y ea r fro m d a te o f o rd in a n ce t o c a r r y express m a tte r o n
th e in teru rb an cars betw e e n 11 an d 5 a . m .
S T O C K A N D B O N D S .—
Date.
Interest. Outstanding.
Maturity.
.................._ $ 1 ,0 0 0 ,0 0 0 .......................
S t o c k $ 1 ,0 0 0 ,0 0 0 ($ 1 0 0 ).......... .............
F irst m tg e . g o ld ($100, $500,1 1912
5 g J -J
1 ,350,000 J a n . 1 1 9 3 2
$1,000) n o sin kin g f u n d . c * /I n t . a t F irst T r . & S a v . B k ., C h ic., tru stee.
1V O L . L X X X X V .
Bonds.— T h e a u th . a m o u n t o f 1st M . b on d s is n o t lim ite d . B o n d s ares u b je c t t o call in w hole o r In part, b e gin n in g w ith lo w e st n u m b e r, a t 102;
o n a n y Interest d a y .
R O A D .— C on sists o f 48 m iles o f lin e be tw e e n 119th S t. a n d V in cen n es
R o a d , C h ica g o , t o K an k a k e e , III. S ta n d a rd gau g e. 7 0 -lb . T rails.
O F F I C E R S .— P res. & A lgr., J o h n L . M atson; V .- P ., C h as. It. M ooreS e c ., W . W . C ra w fo rd ; T re a s ., E d g a r H . P anic.— V . 94, p . 697.
CHICAGO & MILWAUKEE ELECTRIC R R .— A trolley road.
Receivership.— On J a n . 28 1908 J u d g e G rosscu p a p p Intel! W . Ir v in g
O sb o rn e , C h ica g o ; D . B . H a n n a , V Ice -P re s. C a n adian N o rth e rn R y ., T o
r o n to , an d I I . A . H a u g e n , P re s. S ta te B a n k o f C h ica g o , rece iv e rs.
G eorge
G . M o o re w as s u b s e q u e n tly su b s titu te d fo r M r. H a u g e n . S ee V . 8 6 , p . 284,.
337 , 1223.
In F e b . 1911 W . O . J o h n so n (a d ir e cto r o f th e W e ste rn T ru s t
G o ., C h ic.) w as a p p o in te d as re c e iv e r b y J u d g e G ro sscu p , th e fo rm e r
receivers be in g re ta in e d as a d v is e rs .
V . 92, p . 525. A p ril 1908 JudgeG rosscu p a u th o riz e d th e W isc o n s in c o r p o r a t io n t o Issue $ 1 ,0 0 0 ,0 0 0 r e c e iv
ers’ ce rtifica te s t o c o m p le te ro a d (V . 8 6 , p . 917, 1159, 122 3 ).
In te rest d u e
J u ly 1 1908 on th e $ 4 ,0 0 0 ,0 0 0 b o n d s o f 1902 Is In d e fa u lt; th e In terest d u e
on $ 1 ,0 8 0 ,0 0 0 1st M . b o n d s o f 1899, h o w e v e r , has been p a id .
D e fa u lt also
o c c u r re d o n W iscon sin D iv is io n b o n d s J u ly 1 1908.
V . 8 7 , p . 9 6 . S in k ,
fund d u e J u ly 1910 an d 1911 o n Ry. 1st M . o f 1899 w a« n o t p a id .
Foreclosure Suit.— D ecree o f fo re clo su re u nd er the III. IM v. m tg e . w as
signed b y J u d ge G rosscu p in O c t . 1911 (V . 93, p . 9 3 9 ), b u t on N o v . 24 1911
suit referred b a ck to M aster (V . 93, p . 146 1). Sale o f ro a d was to take placeS e p t. 25 1912 u nd er d ecrees en te re d In b o th W isco n sin and Illin o is.
V . 95.
p . 679.
O n J u ly 28 1911 J u d g e G rosscu p m ain tain ed th a t the en tire $ 1 0 ,0 0 0 ,0 0 0
o f W ise . D lv . b o n d s had been v a lid ly Issued. V . 93, p . 345 .
T h e new re o rga n iza tio n co m m itte e (V . 94, p . 206) c o m p o s e d o f represen ta
t iv e s o f b o th th e W isco n sin an d Illin ois d lv . b o n d h o ld e rs In J a n . 1912 p r o
p o se d a plan o f re o rga n iza tio n ca llin g fo r the fo rm a tio n o f a n ew c o m p a n y
w ith $ 6 ,0 0 0 ,0 0 0 s to c k , $1 0 ,0 0 0 ,0 0 0 1st M . 5 % b o n d s (present Issue $ 4 ,5 0 0 ,
0 0 0 ), c o v e r in g en tire p r o p e r ty , $ 4 ,5 0 0 ,0 0 0 1st 4 % n o n -c u m . Incom e b on d s
(a 2d m tg e . o n III. d lv .) and $ 6 ,0 0 0 ,0 0 0 2d n o n -c u m . Incom es (a 2d m tg e.
o n th e 16 m iles o f W ise . d lv . an d 3 d m tg e . o n 111. d l v .) .
D ep ositaries,
C h ic. T itle & T ru s t C o ., C h ic ., an d N a t. T ru st C o ., L t d ., T o r o n t o . SeeV . 94, p . 630, 1249.
Holders of
exist.Secs.
Terms of Exchange for Principal of Old Bonds.
— Receive in Exchange—
ls< Incomes.
2d Incomes.
Stock.
111. d lv . 5s
1902 . .$ 4 ,0 0 0 ,0 0 0 1 0 0 % -$ 4 ,0 0 0 ,0 0 0 ......................................................................
W is . d lv .
5 % b d s .1 0 ,0 0 0 ,0 0 0 ................................... 5 0 % -$ 5 ,0 0 0 ,0 0 0 5 0 % -$ 5 ,0 0 0 ,0 0 0
O R G A N I Z A T I O N .— In c o r p o r a te d u n d e r th e gen eral r a ilro a d la w s o f
Illin ois an d W isco n sin a n d has th e sam e privile ge as s te a m r o a d s . T h is
c o m p a n y w as s u ccessor b y p u rch a se on D e c. 31 1902 o f th e C h ic a g o M il
w au k ee E le ctric Railway C o . Leases th e C h ic. & M ilw . E le c. R R . o f W is
con sin fo r 50 years fro m 1905, an d gu aran tees Its b o n d s, b o th p rin c ip a l
an d Interest. D oes a fre ig h t business. Franchises, e x c e p t 4, are said to
be perpetu al: serves 25 cities a n d tow n s.
STOCK AN D BO N D S—
Date. Interest.
Outstanding. Maturity.
S t o c k , $ 5 ,0 0 0 ,0 0 0 .............................................................
$5,0 0 0 ,0 0 0
..
C & M E B » 1st M . $ 1 ,5 0 0 ,0 0 0 )
1899 5 g J-J
1 ,080,000 J u ly 1 1 9 1 9
g ($1,000 each ) c ; m a y b e l l n t . a t S ta n d a rd T ru s t C o ., N . Y . , a u d C lcveca lle d a n y Interest d a y a t
la n d T ru s t C o ., T ru ste e s, C levela n d T ru st
_ . . , aS;d M e r e s t -----------------JC o. an d R o y a l T ru s t C o ., C h ic a g o .
0 *
b ,I? R l8 ‘ M , $ 5 ,0 0 0 ,- f
1002 5 g J-J
4 ,0 0 0 ,0 0 0 J u ly 1 1922
000 , g o ld ( $ 1 , 0 0 0 ) -----------ci In t. a t M erch an ts’ L o a n & T r . C o ., C h ic a g o ,
„
l T ru ste e , o r N a t. B k . o f C o m m e rce , N . Y .
W isco n sin D iv is io n , 1st m tg,|
1905 5 g J-J
10,000,000 Jan
11925
?P.a r '
S old,
$ 10 ,000 ,00 0 lln t e r e s t a t W e st. T r .& S a v .B k .,C h ic .,T r u s t e e
( $ 1 ,0 0 0 ) -------------------------------J o r U . S . M o rtg a ge & T ru s t C o .. N ew Y o r k .
R e c e iv e r ’ s certs $ 1,000,000 1 1008
6 M -N 11
961 ,0 0 0 N o v 5 1911
j
( $ 1 , 0 0 0 ) ____
Car trust ce rtfs S e p t. 1 191 2............................................
* 5 9,145 ____________
* C ov er both the W iscon sin and Illinois d iv isio n s.
Bonds.— O f the $5,000,000 Railroad C o m p a n y b o n d s a u th o r iz e d , $ 1 ,0 0 0 ,
000 are reserved t o retire a lik e a m o u n t o f b o n d s o f th e Railway C o m p a n y .
B on d s are n o t s u b je c t to ca ll. S ee V . 76, p . 211: V . 7 8 , p . 1496.
S in k , fu n d o n th eRwy. b o n d s o f $ 5 0 ,0 0 0 per y r . w as to begin J u ly 1 1910,
b u t n o t p a id . N o m ore than $ 1 ,0 8 0 ,0 0 0 o f these b o n d s o u ts ta n d in g w ill b e
Issued. T h ese b o n d s are s u b j. t o call o n a n y Int. d a t e a t 105 an d In terest.
_ T h e W lseon sln D lv . b o n d s are g u a r., p rln . and Int , b y th e Chlo. & M il.,
E l. R R . o f 111. N o s. f. an d are n o t s u b je c t to call.
O f th e $ 1 0 ,0 0 0 ,0 0 0 re
p o rte d o u ts ta n d in g , $ 1 ,1 5 7 ,0 0 0 Is p le d g e d as co lla te ra l fo r n o te s an d loa n s.
A $ 2 ,0 0 0 ,0 0 0 Issue o f 6 % n o te s w as a u th o rize d In 1907 (V .8 5 , p . 9 2 0 ),
b u t It Is u n d e rs to o d th a t n o t m ore th an $12 1,00 0 o f these n o te s w ere Issued
again st w h ich $20 3,00 0 o f W isco n sin D lv . b on d s are p le d g e d . V . 8 6 , p . 337 .
T h e re c e iv e r ’s certificates are a p rio r Hen only to th e $ 1 0 ,0 0 0 ,0 0 0 W is c o n
sin D iv is io n 5s due 1925.
V . 8 6 , p. 85 6 , 1159, 1223.
E A R N I N G S .— F o r ca le n d a r years:
Calendar
Gross
Oper. Exp.
Net
Balance,
Year—
Earnings. and Taxes.
Earnings.
Interest.*
Surplus.
1 9 1 1 ...............$968,228
$67 2,29 2
$29 5,93 6
$122,218
$173,718
1910 . ............ 9 63 ,180
752 ,982
210,198
119,748
9 0 ,4 5 0
* In clu d es Interest o n first m o rtg a g e b o n d s and r e c e iv e r ’s o b lig a tio n s .
R O A D .— O perates 170 m iles fro m E v a n sto n th rou gh W a u k o g a n , K e n o
sha and R a cin e to M ilw aukee, Inclu din g e x te n sio n to L lb c r ty v llle .
L in e
from E v a n sto n (w here co n n e c tio n Is m a d e w ith C h icago) t o W a u k e g a n w as
op en ed In A u g. 1899, an d e x te n sio n t o L lb e r ty v llle In S e p t. 1903, a n d to
R o ck e fe lle r In M arch 1905; 38 m iles a d d itio n a l to Z io n C ity an d K e n osh a
w ere p laced In o p e ra tio n D e c. 2 1905 a n d the line to R a cin e on S e p t. 1 1006.
Line op en ed to M ilw aukee O c t . 31 1908.
P r a c tica lly all the road Is b u ilt
on p riva te r ig h t-o f-w a y a n d ro a d Is d o u b lo -tra ck e d th r o u g h o u t.
R a lls ,
65 and 8 5 -lb .
V . 67. p . 900.
O F F I C E R S .— P r e s ., A . C. F ro st; V .- P . , G ord on A . R a m s a y ; S e c ., Pierre
G .B e a c h ; T re a s ., W .O .K I lm a n .— V .8 8 , p .0 9 ,5 0 4 ; V .0 0 , p .3 7 2 ; V .9 1 , p .5 1 8 ,
1025; V . 92, p. 260 , 321, 525, 955 , 1635; V . 03, p . 286, 345 . 526 . 730 . 930,
1461, 1785; V . 0 4 , p . 67, 206 , 349 , 487 , 550 , 630 , 010 , 1249, 1762; V . 95,
p . 361, 679.
CHICAGO RAILWAYS C O .— An e le ctric r o a d . (See Map on page 3 1 .)
Proposition to Unite Surface and Elevated Lines.— O n M arch 27 1912, a t
the requ est o f H e n ry A . B lair, representin g C h ica go R y s ., I . M . C o b e ,
C h icago C ity & C on n . R y s ., an d Sam uel Insull, C h ica go E lc v . R y s ., th e
tra n sp o rta tio n co m m itte e o f the C ity C ou n cil a d o p te d a r e so lu tio n p r o v id
ing th a t the c o m m itte e shall at o n c e p ro ce e d to d r a ft an o r d in a n ce lo o k in g to
the m erger o f the su rface and e le va te d lines. V .0 4 , p .9 8 2 ; V . 93, p . 119 0,1599.
In J u ly 1912, h o w e v e r, n e g o tia tio n s fo r th e p r o p o s e d m erger w ere, It is
s ta te d , a t least te m p o r a r ily , b ro k e n o ff. See u nd er C h ic. E le v . R y s . In
V . 95, p . 47.
O R G A N I Z A T I O N .— In c o r p o r a te d In Illin ois In O c t . 1003 anil on J a n . 25
1908 acq u ire d a t fo re clo su re sale the p r o p e r ty o f th e o ld C h icago U n ion
T r a c tio n , co m p risin g th e lines o f the N orth an d W e s t C h ica go S treet R R .
T h e pu rch ase w as m a d e u n d er a m od ified plan o f re o rg a n iz a tio n and re a d
ju s tm e n t d a ted O ct. 15 1007 an d ou tlin e d in V . 85. p. 1269; see also p . 1576
Notice to Non-Assenting Holders.— In A p ril 1912 n o tice w as give n th a t
a fte r Ju n e 15 1912 n o a d d itio n a l am ou n ts o f s to c k (or assessm ents th e reon ),
b o n d s o r o th e r o b lig a tio n s a ffe cte d b y the re o rg a n iz a tio n plan o f O ct. 15
1907, w ill be re ce iv e d o n b e h a lf o f the ra ilw a y s C o. V . 94, p . 1185.
Franchises.— On F e b . 5 1007 the C ity C o u n cil passed o rd in a n ce s p r o
v id in g fo r a se ttle m e n t o f th e re la tio n s be tw e e n th e c it y and th e street
ra ilw a y c o m p a n ie s.
V . 84, p. 338 , 3 0 0 . T h e franchises g ran ted b y the
ord in a n ce s ex p ire F e b . 11 1927 a n d w ere a p p ro v e d a t the p o p u la r e lection
h eld A p ril 2 1007.
O n O ct. 10 1910 su p p le m e n ta l o rd in a n ce w as passed
e xp irin g F e b . 1927, co v e r in g lines o f C h lo. C on sol. T r a o . p ro p e rtie s . V . 01,
p . 1025.
In the rem arks c o n ce rn in g the C h ica go C ity Ry* on a p reced in g page o f this
p u b lica tio n w ill be fo u n d a b rie f s u m m a r y o f the m ain term s, re q u ire m en ts
an d c o n d itio n s o f these o rd in a n ce s .
A v e r y e x te n d e d o u tlin e o f the sa m e
was p rin ted in the "C h r o n ic le ” o f M ay 11 1907, pages 1123, 1 1 2 4 a n d l l 2 5 ,
to w h ich the reader Is referred fo r d e ta ile d Inform ation .
T h e o rd in a n ce fo r the C h icago R y s . C o . pro v id e s th a t the v a lu a tio n o f the
properties a cqu ired shall bo d eem ed an d con sidered to bo $ 2 9 ,0 0 0 ,0 0 0 (th e
value fixed b y a b o a rd o f e x p e rt engineers a ctin g fo r the city ) plus $ 1 ,7 7 9 ,8 7 5
fo r e x p en d itu res fro m the d a te o f th e v a lu a tio n o n Jun o 30 1906 t o F e b . 1
1907, m ak in g total v a lu a tio n o f p rop erties as recogn ized b y o r d in a n c e
$ 3 0 ,779 ,87 5 as o f F e b . 1 1907. W ith th e fu rth er ex p e n d itu re s a lr e a d y
m a d e an d u p o n th e ex p e n d itu re o f p ro ce e d s o f all b o n d s n o w o u ts ta n d in g ,
the v alu ation o f ro a d , e q u ip m e n t an d franchises will be n o t less than $ 7 6 ,
863 ,6 0 5 . V . 87, p . 677; V . 88, p . 504. See circu lar to s to ck h o ld e rs d a te d
J u ly 22 1912 In V . 95, p . 236 an d 419 , ou tlin in g the m easures taken since
1907 to reh a b ilita te the p r o p e r ty .
32
ELECTRIC RAILWAYS
All expenditures for reconstruction and extensions are being made unde
the direct supervision of a board of supervising engineers headed by Hr'
Blon J. Arnold, and the company Is required, under conservative restrlo*
tlons, 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 10% 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 R y. 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 Rwys. Co. the North and West Sides.
Right to Purchase by C ity. — Under the terms of the franchise, the company
agreed to waive all rights under previous grants, and granted 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 com
pany by 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 men
tioned, plus all expenditures after that date for reconstruction, extentlons and additions to the properties. Including any amounts advanced to
the city for construction of subways In the downtown business district.
In case the property shall not be purchased, as above stated, prior to 1927,
the expiration of the present franchise, the city covenants that It will not
then grant a franchise to any other corporation for the operation of a com
peting 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 corporation of the city, or to purchase the property Itself for munici
pal 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 cltv all profits In excess of 5% on the
Investment. In any event (1) the purchase price must be paid In cash and
deposited In national or State banks, each of which must have a capital
and surplus of at least $1,000,000,and must be approved by the company,
and the first mortgage bonds of the company will attach to such cash as a
first Hen 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
mtg. bonds, but If made at the expiration of said 20 years,the amount thereof
must also be so paid In cash.
Compensation to C ity. —The company Is entitled to a straight 5-cent fare,
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 the appoint
ment of a permanent finance committee, composed of Messrs. Henry A. Blair,
Chauneev Keep and B. A. Eckhart of Chicago.
Acquisition o f Chicago Consolidated Traction Properties.— On Deo. 27 1910
Judge Grosscup confirmed the sale of the Chlo. Consol. Trao. Co. and Its
eight underlying companies on Nov. 30 1910 to Andrew Cooke, and the
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 passed
Oct. 10 1910 (placing valuation at $4,021,982), like In tenor, amendatory
and supplemental to ordinance of Feb. 11 1907 (V. 91, p. 1025, 1159).
See reorganization plan, V. 90, p. 1613; V. 91, p. 37. The lines outside the
city were acquired by the County Traction Co., which has no connection,
either corporate or operating, with the Chicago Rys. On Nov. 1 1910 a
deposit agreement was entered Into by the holders of the securities of
Chic. Consol. Trac.and Its subsidiaries, providing for the exchange of said
securities for Chic. Rys. Co. Purchase Money 4% to 5% bonds and Adjust
ment Income 4% bonds,both dated Jan. 1 1911 and maturing F eb .l 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.Edlson Co. for Dower for a period of 6 years from Feb. 1908. V.89, p. 348,
W a g e A g r e e m e n t . — On Aug. 31 1912 the employees of the Chicago street
railways rejected the proposed wage agreement (see V. 95, p. 618) and the
matter has been referred to arbitrators.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock. $100,000...............................................See text.
See text.
I 1007
5 F-A
$45,955,000 Feb 1 1927
First mortgage (see text)___ ( Int. at Harris Trust & Sav. Bk..ChIc., Trus.,
( 5 1 non) g.-.id
- ...........c&rl nr at Harris, Forbes & Co., New York.
Consol mtge gold .................. 1907
5%
See text. Feb 11927
Collateral notes $500 000____ 1908
5 F-A
4 98 000
1913
Bonds Covering City Lines o f former Chicago Consol. Traction.
Purch. money M 56,000,000 gl 1910
4-5 J-J
$4,073,000 Feb 1 1927
($500 and $1,000).......... c*/Illinois Trust & Sav. Bank, Chlo., Trustee.
Adjust Inc M $2,500,000 g\ 1910
4 g May
2,500,000 Feb 1 1927
($100 & $500) (non-cum)o*/ Central Trust Co. of 111., Chlo., 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 Company 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 Scrles4of 50,000 parts
Series 1, 2 and 3 arc entitled, In the order of priority named, to cumulative
dlvldendsof $8 for each part, beginning with year ending Aug. 1 1908, and In
the distribution of capital to $100 for each said part. Scries 4 Is entitled
to anv remaining profits or capital distributed. V. 85, p. 1269.
Dividends on participation certificates Series 2 are limited to $4 on each
certificate so long as more than 50% of Series C bonds remain outstanding,
and thereafter to $5 per certificate until the remainder of Series C bonds
have been redeemed. Series 2, however. Is entitled to unpaid accumulation
on 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. bonus are Issued only to provide funds for rehablll
tatlon. 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 ot
supervising engineers. See full particulars of bonds, property, &c.. In
V. 86, p. 545; V. 88, p. 1436, 1619; V. 90, p. 302; V. 93, p. 162.
The consol, mtge. bonds as of Sept. 17 1912 consist of the following;
Series A, Issued, $17,699,800, of which $1,006,000 are In treasury and can
be Issued only for acquisition of additional property, and $832,000 are de
posited as collateral; Series B, $17,160,575, andSerlesC, $2,119,336. Series
C bonds have sinking fund of $250,000 per annum, If earned which began
Aug. 1 1908, but cumulative until paid. The $498,000 5% 5-year notes are
secured by the deposit of $832,000 Series A bonds. $900,000 Series A bonds
have been retired. See particulars, V. 86, p. 1223; V. 93, p. 1724. Of re
maining Series B bonds, $3,900 are In treasury. Of remaining Series C
bonds, $75,000 are In treasury. $1,467,973 Series C have been retired by
sinking fund. Bonds of three series bore lnt. at 4% until Feb. 1 1912;
thereafter, 5% . The $498,000 coll, notes are not redeemable.
Purchase M oney M tge. bonds bear Int. at 4% per ann. during first 5 years,
thereafter 5% per ann. They are red. at par and lnt. on any Int. date.
Adjustment Income Mtge. bonds are red. at par and Int. on any Int. date
Int. Is payable only It earned and Is not cumulative.
Int. on both purch. money mtge. and adjust. Ino. mtges. payable at co.’s
office or at agency of company In Chicago.
DIVIDEND.— An Initial dividend of $4 was paid Nov. 15 1908 on
Series 1 participation certificates. On Sept. 1 1909 $8 was paid on Series 1
certificates. None to Oct. 1912, when $6 was paid.
[VOL. LXXXX1V.
ROAD.— Comprises 462.209 miles of track (Including 128 miles of the
former Chicago Consolidated Traction lines), serving the downtown as well
as the entire North and West sides of the city.
EQUIPMENT.— Operates 1,470 double-truck "pay-as-you-enter” cars.
The company Is now building In Its own shops 99 additional P-A-Y-E cars
and altering 51 cars to the new type.
REPORT.— The annual report for year ending Jan. 31 1912 will be found
In V. 94. p. 1247. Pass, carried year ending Jan. 31 1912, 578,124,326,
of which 334,769,338 were revenue, 3,765,506 freeand239,589,482 transfers.
Income Account for Years ending Jan. 31.
Cross
Net
In t., 5%
Balance
— Of Which to—
Income.
Income.
on Inv.
Divisible. Citu,5f>%.Co 45%
1911-12.$17,156,495 $5,043,393 $3,549,018 $1,494,375 $821,906 $672,469
1910-11. 14,064,709 4,219,413 2,865,531 1,353,882 744,635 609,247
Income Statement (.Non-Partnership Account) for Years ending Jan. 31.
1912.
1911
1912.
1911.
$
$
$
$
Chic. Rys., 45% 672,469
609,247 Miscellaneous__
1,144
61,272
5% on Investm’t 3,549,018 2,865,531 Sink. fd. res.acct 250,000
250,000
Mlsc. Interest... 208,161
341,330 Corp. exp. & adj. 118,401
163,884
Gross Income, all
Total dedu ct.4,328,424 3,542,858
sources...........4,429,648 3,816,108
Deduct—
N e t...............j . .
101,224
273,250
Tot. lnt. on bds.3,958,879 3,067,702
OFFICERS.— Chairman Board of Directors. Henry A. Blair; Pres.. John
M. Roach; V.-P. & Gen. Mgr., Wllliston Fish; Sec., F. L. Hupp; Treas.,
M. B. Orde; Comp., F. E. Smith, all of Chicago.
IN D E X.— V. 89. p. 159, 295, 348, 720; V. 90, p. 302, 446, 559, 1099,
1362, 1424, 1489; V. 91. p. 716, 1025, 1160, 1385, 1629, 1765; V. 92. p. 59,
260, 321, 1102; V. 93, p. 162, 229, 796, 1190, 1259, 1532, 1599, 1724; V. 94,
p. 350, 982, 1185, 1247; V. 95, p. 236, 419, 618.
C O U N T Y T R A C T IO N C O .— A tr o lle y r o a d .
ORGANIZATION.— Incorp.ln 1910. Deo. 29 1910 took over the proper
ties of the Chic. Consol. Trac. lying outside the city limits. For statement
of former Pres. Blanchard with regard to through service to Chicago busi
ness district, see V. 92, p. 1435.
In Feb. 1912 Pres. Schmidt purchased the securities of the Suburban RR.
(see below) and Chicago Riverside & La Grange R R . held by the Yerkes
estate, comprising all the stock of both companies, 1,224 1st M. bonds of
Suburban RR. and notes of both companies. V. 94, p. 630.
STOCK AND BONDS.
Date.
Interest. Outstanding.
M aturity.
S to c k ...........................................................................
$300,000 ............... ..
Debenture b o n d s___________ 1912
_______
530,000 __________
ROAD.— Owns 52.6 miles of track. Pres. & Gen. Mgr., Emil G. Schmidt:
Sec. & Treas., Edward J. Werner; Gen. Supt., F. C. Chambers.— V. 92,
________
p. 186, 1435; V. 94, p. 630.
C H IC A G O E L E V A T E D R A I L W A Y S . — A voluntary association similar
to Massachusetts Electric Companies. (See map, page 33.)
Proposed Unification of Surface and Elevated Lines. — Sec under Chic.Rys.
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. R R ., Northwestern
Elev. R R . and the South Side Elev. R R . ($21,202,312 being olfered for the
$36,294,900 stock of these companies); also. If It so elects, tne stocks of the
Union Consol. Elev. R R ., Chicago & Oak Park Elev. Ry., Chicago & Oak
Park Elev. R R . and Chicago & Elmhurst R y., which companies are con
trolled by the aforementioned companies. These roads operate about
184.73 miles of track. The physical properties were valued at about
$90,000,000. exclusive of franchise valuations; the mtge. debt preceding
the notes aggregated $32,372,262, leaving an equity of $57,500,000. See
plan. <Scc., In V. 92, p. 1498, 1435; V. 93, p. 104.
Stockholders of the Metrop. West Side Elev. R R ., Northwestern Elev.
R R .and So.Side Elev. RR. wereglven the option of two oilers fordeposltlng
their stocks: one to receive full cash for their holdings, and the other to
receive part cash and part stock of the Chicago Elev. Rys. See oilers In
V . 92, p. 1498. Up to date about 98% of all the stocks had been turned In.
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 cos. and provide
ample working capital.
Transfer Suits. — On June 25 1912 the city brought 6 suits in the Municipal
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, requir
ing the elevated roads to Issue transfers. The company claims the ordi
nance is Invalid. V. 94, p. 1448; V. 95, p. 110.
Maturity.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Common 250,000 shares______ _____
________ 250.000 s h s .__________
1 6 0 . 0 0 0 shs.
See text
Pref 160,000 shares 6% c u m . . ____
Q-M
30,000,000
July
3-yr gold notes $30,000,0001 1911
5 J-J
.
.
. 1 1914
($1,000).............................. /Illinois Trust & Sav. Bk., Chic., trustee.
Stock.— Com. and pref. shares are expressed to be of the par value of
$100 each. The pref. stock Is redeemable at $100 and accrued div.
Notes are redeemable on any Interest date on 30 days’ notice at par and
Int. Int. payable In N. Y. or Chicago. They are secured by pledge of
$25,000,000 1st M. bonds of Northwestern Elev. R R ., and also by deposit
of all the acquired stocks. V. 93, p. 44, 104.
D i v i d e n d s . — On prof.. Initial div.— 1J3%— paid Dec. 1 1911.
I d 1912,
March, 1 >$%; June. 1 44%; Sept., 144%.
EARNINGS.— Combined earnings of Metrop. West Side, Northwestern
and South Side companies for year ending June 30 1911, gross, $8,250,007;
net, $3,444,895; fixed charges, $2,346,209; surplus, $1,098,626.
OFFICERS.— Pres., Britton I. Budd; Sec., Tlios. A. Reynolds; Asst.
Sec., P. D. Sexton; Comp., Edward A . Brlon.
TRUSTEES.— Henry A. Blair, Frank A. Vandcrllp and Sam’l McRoberts.
GOVERNING COMMITTEE.— Samuel Insull, Henry A. Blair, Ira M.
Cobe, F. A. Vanderlip, Samuel McRoberts, Edward W. Hardin and Fred
A. Delano.—V. 92, p. 1435, 1498, 1563; V. 93, p. 44, 104, 229, 2 8 6 , 407,
660.795, 1461;V. 94, p. 697, 982, 1448, 1507, 1702;V. 95, p . 47, 110, 749.
(1) iMctropolitan W est Side Elev. Rv.— An electric road. (See map, page
ORGANIZATION.— Organized In Illinois Jan. 16 1899. Successor on
Feb. 3 1899 (per plan In V. 07. p. 126) to the Railroad Co. sold under fore
closure on Jan. 4 1899. In July 1905 refused to accept city ordinance per
mitting It to carry express matter ana milk. V. 81, d -.§ 08._ Franchise
expires Apr. 7 1942. Voting trust expired Feb. 1 1004. V. 78, p 343.
Outstand’g. Maturity ,&c.
STOCK AND BONDS—
Date.
Interest.
$7,464,100 ...................
Common, $7,500,000________ _____
_______
8,707,900 Sept. H %
Pref. 5% non-c, $9,000,000...............
Q-S
10,000,000
Aug
lstm tg, $10,000,000 ($l,000)f 1898
4 g F-A
.
_ 1 1038
gold
c*{ Cent. Trust Co., N .Y ., and G. Sherman, Tr.
I Interest at Cent. Trust Co., N .Y. and Chic.
4 g J-J
4,733,000 July 11938
Ext. mortgage, $5,000,000 1901
($1,000), gold, red. at 105 Northern Trust Co., Chicago, Trustee.
on any Interest day on 4 Interest at company’s office in Chicago, or
___notice_________ c*
Central Trust Co., New York.
weeks’
The extension mortgage~of 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. HOO.
Has guaranteed $407,000 bonds of Union Consolidated Elevated.
R E P O R T — For year ending June 30 1911. Reports In 1910, 1909 and
1908 are for years ending Dec. 31:
1910.
1909.
1908.
1910-11.
Passengers carried........... 56,125,075 57,229,886 52,519,609 51,587,667
Passenger earnings______ $2,882,717 $2,936,999 $2,695,230 $2,643,635
132,946
123,200
Miscellaneous__________
135,610
103,205
Gross earnings__ ___ $3,018,327 $3,069,945 $2,818,430 $2,746,840
1,556,015
.. 1,544,125
1,410,801
1,418,076
Operating expenses.
..$1,474,202
8,537
$1,513,930
8,770
$1,400,354
11,160
$1,336,039
10,126
. $1,482,739
T o ta l....................
Deduct—
___ $317,713
R entals..............
180,312
Taxes. &c.......... ...... ___
578,351
Interest ___________
Preferred dividends ___ (3)261,237
$1,522,700
$1,411,514
$1,346,165
$323,186
180,252
576,531
(3)261,237
$299,674
180,893
582,029
$294,995
197,736
592,019
$181,494
$348,918
$261,415
Net earnings____
Other Income__
Balance, surplus.. ___
$145,126
Sept.. 1912. j
ELECTRIC RAILWAYS
% LINDENAVEJiVVlLMtT^Es.
I %
7 * TERMINAL'
CHICAGO ELEVATED RAILWAYS
CENTRAL A'VE.
NOYES Sis
1
' FOSTER ST.
SYSTEM
"Shurch ST.
lOEMPSl
c Xlvary
STA. 4 c a /w j> iv Cemetery
; HOWARD A V X V :
y \ \ \
C IT Y L IM IT S
BRYAN AVE
HAYES 'AVE.
DEVON AVE.
C IT Y L IM IT S
IGEWATER STA.
GRANVILLE. AVE:=i
EDG E W ATER PO W ER H O U SE
C IT Y L IM IT S
BRYN MAI
IDGEWATER STA.
B o h e m ia n
C e m e te ry
APGYLi
| LAWRENCE AVE.
n«—
— 44
NORTHWESTERN) \EL. «1
— moktrosexave^ >“
IRVING PARK DOUL.
di
aRaCELVN
0\AVE.
SHERIDAN
^raceYstA
=IRVINGpRA.RK-BOULAODISON
;osccE_eouL.
ADDISON. ST.
\\jRGiCGEST.
=8£LM0JjjT-AVE*(
^ DiyERCEYECu..\
v 11 v\
V-'
2
|| -V RIGHT*OOCAVfci
.L'erton. ave.,
grand
►WEBSTER. AVE.
:La RMITAGE_AVE.O.
PCENTER^ST,;
WjLLbWjSTl
NORTJ
NORTH-AVE;
JDIVISldM ST.
srl \
ICHIGAGO^AVE.
U
CHICAGO_AVE.
LAkE^ST.
SHLCAjS
[GRANDJO
CHICAGO
ELEVATED Hy (LAKE STo
MADISON ST.
LAKE s jM
MADISQN.S^J
Q- HARRISOMST.
fVfETPOPOlLlTAN-
12TH STi __
C IT Y L IM IT S
,--- "___ .loTH.?■/.•>
II__
// C
SOUTH SIDE
EXCHANGE AVE.
CHICAGO & JOLIET
iNCETONi
SOUTH SIOE
• SOUTH SIDE
:|L—, II
f
__ 67th ST.
:% A = uj O a k w o o d
;
J7.9TH
A x Cemetery
34
|VOL. LXXXXV.
ELECTRIC RAILWAYS
DIVIDENDS.— First dividend on pref. stock, 2 H % Feb. 28 1000 (out
of earnings for year ending Feb. 28 1000); then 2 % Aug. 31 1000; 1 H %
Feb? 1001; Aug. 31 1001, 2% ; Feb. 28 1002. 1 %; Aug. 30 1002, 1H % ;
Feb. 28 1003. 1 H %; In 1007, March 30, H %'• June 20, % % \ Sept. 30.
H % : none to March 1010 when >A% (Q.) was paid; June, f i % ; Sept..
Dec., % % ■ In 1011, March, 3A % : June, 3A % \ Sept., 3A % . In 1012,
March, 1
June, 2 % ; Sept., H % .
ROAD.— From terminal station at 5th Ave. westerly about C>H miles,
with branches; total length of road (Including Douglas Park branch and
extension and Garfield Park branch), 18.49 miles; the first 1.67 miles are
four tracks, the rest two tracks, making single-track miles 41.14; also leases
the Union Elevated, 0.38 mile, the Union Consolidated Elevated RR 4
miles, and leases 3.3 miles from Aurora Elgin & Chicago RR. Total oper
ated 51.5 miles of track, exclusive of side tracks. Right of way Is owned
In fee. Equipment Jan. 1 1912 consisted of 225 motor cars, 161 coaches
and 101 control-coaches and 17 miscellaneous. Gauge, 4 ft. 8 H 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 tra
agreement, the Met. West Side, In turn, securing the right to the territory
west of the 52d Ave. terminal on the Garfield Park line as far as the Des
Plaines River, about 3.3 miles double track. V. 70 p. 1704.
OFFICERS— Pres., B. I. Budd; Sec.. Paul D. Sexton, Treas., W . V.
Griffin; Aud., T. B. MacRae; Gen. Mgr 1B. C. Noe. Office, 160 West Jack
son Boul., Chicago.— V. 88, p. 375, 449, 1313, V. 8D, P -161
68, V. 90. P- .
236, 409, 1676; V. 01, p. 336; V. 92, p. 396, 456, 1436, V. 93, p. 469.
(o\ Nnrthwe«fern Flevatcd RR.
(See map on page 33.)
ORGANIZATION — Road was formally opened for business on May 31
l9 In Sept. 1901Pthe°Union Elevated R R . was acquired. Owns 53% of the
stock of the Chicago & Oak Park Elev. The Chicago Elevated Rys. pro
vided the cash to take up the 518,000,000 Northwest. Elev. 1st 4s which
“ OnAug C21'1911° stockholders auth. 525.000,000 1st M. 5s None of the
bonds will be sold, but they will be used as part collateral for Chic. Elev.
Rys. note Issue. V. 93, p. 527.
Maturity.
Interest Outstanding.
STOCK AND BONDS—
Date
...................
............. 54,947,000
Stock, 55.000,000------------ - - --------M-S
4.944,000 M ar.’ 12, 2%
Pref stk.5% .n-c. 525,000,000.
„ al
5%
See text
30 years
First mtge 525,000,000...........f 1911
111. Trust & Sav. Bk., Chicago, trustee.
__ _____
6%
140,000
See text.
Equipmenttnotes
notes
N o tes __Eaulome’nt" notes payable In Installments 544.000 each In 1011
and 1912; in 1913, 530.000; In 1914 to 1018. 516.000 annually.
,
REPORT — For years ending June 30 (Incl. Union Elev.). Report for
1 0 1 0 - 1 1 in V. 93, p. 1018.
Pass, carried In 1910-11.44,471,566, agst. 42.
815,132 In 1000-10 and 40,055,705 In 1908-09.
Ypar__
Gross.
Nei.
Int. & Taxes PJd.Dlv. Surplus.
1911
52,731,376 51.646,571 51.209,062 5200,000 5237.500
226,008
150,000
1010--------------- 2,632,039
1,576,352
1,200,254
355,777
1000
2,540,884
1,545,065
1,189,288
...........
Dividends .— An Initial dlv. oi 1% was paid on pref. Oct. 18 1909; In 1910,
Jan . 1%: April. 1%; July. 1%: Oct.. 1%: In 1011, Jan., 1% ; April, 1%;
none since to Mch. 1012, when 2% was paid..
ROAD.— The road starts at the Intersection of Wilson and Evanston
avenues. 7 miles from the Court House, and has 5.52 miles of four-track,
and 1.07 mile double track, making 24.22 miles of single traok. Right of
way Is all owned In fee except at streot crossings. An extension of 4.69
miles of double track to Ravenswood was put In operation In May 1907.
T°Underaan’ operating agreement with the Chicago Milwaukee & St. Paul
Railway Co. made In 1907, this company s service was extended May 16
1 nos tn Fvanston over the Kvcinston Division of the former road, which
has b e e n ^ e le c t fe ? A llT r a c k operated (all lines Including loop). June 30
1012, 59.87 miles. 348 cars, 80-lb. T rails.
n P F T P F n s__Pres Britton I. Budd; Sec.t P&ul D. Sexton! Trc<is.» W.
V °gS
Gen. Mgr/,* E . a K u d . T . B- MacRae. V 90 p. 1171.
1240; V. 01, p. 701, 866, 1768; V. 02, p. 262, 1436, 1701, V. 03, p. 408, 527,
667,’ 796, 1018.
l f u ^ d i0by a\l\ah|dChlcagoaelevated roads, and receives H o. for each
passenger carried, besides all expenses for operating, repairs and taxes.
Franchise expires In 1045.
CHICAGO & OAK PARK ELEVATED RY. (See map page 33.)
Proposed M erger. — For proposed merger with other Chicago elevated
roads, see Chicago Elevated Railways and V. 02, p. 1435, 1408.
M inority Committee.— A minority stockholders’ committee was formed,
calling for deposits with the Cont. & Comm. Trust & Sav. Bank, Chicago,
to Induce Chic. Elev. Rys. to purchase Chic. & Oak Park minority shares.
V. 03, p. 407, 666; V. 94, p. 206. Up to Sept. 1012 no oHer had been made
by Chic. Elev. Rys.
,
Receivership.— On Nov. 13 1011 Judge Kohlsaat appointed Samuel
Insull receiver for the Railroad. V. 03, p. 1386. On Deo. 29 1911 re
ceiver was authorized to Issue 5 2 ,0 0 0 , 0 0 0 receiver’s certificates for improve
ments. V. 93, p. 1785. In Jan. 1912 Francis V. Dobbins of Rahway,
N. J., was appointed receiver for the Railway Co. V. 94. p. 123.
Sale oi Securities.— On June 20 1912 Geo. II. Church bid in for $256,000
(subj. to approval of the Court) the following securities formerly owned by
the Chic. & Oak Park Elev. R y .: $859,000 Lake St. Elev. R R . 5% Inc.
bonds; demand notes of Chic. & Oak Park Elev. R R . variously dated from
April 23 1904 to June 15 1910, aggregating $1,089,528; $5,850 Lake St.
Elev. RR. Inc. bonds scrip. At Sherltf’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 bonds and
notes, also some $473,000 additional notes of the Railroad Co., and In cer
tificates for 91,651 17-40 shares of Chic. & Oak ParkElev. R R . V.94,p.l763
ORGANIZATION.— This company was Incorporated In New Jersey on
April 22 1904 to hold the securities of tho Chicago & Oak Park Elevated
Railroad Co., formerly the old Lake Street Elevated R R ., reorganized per
plan In V. 77, p. 1874; V. 78, p. 1392. Franchise expires In 1930.
Northwestern Elevated owns 51% of stock.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding
$5,667,607 ...................
Common, $6,000,000 ( $ 1 0 0 ) ..--------------3,063,940
...................
Pref. 53,200,000 5 % n-c,($100).................- - -
5,000,000 July 1 1028
Lake St El 1st M, 55,000,000,f 1893......... 5 J-J
guar bv N W El
.( American Trust & Sav. Bank, Chicago, and
B
y
\ Central Trust of Illinois, Chic., Trustees.
Deb note (C&O P El R R ) ------ 1004
2
350,000
See text.
Equipment notes................................
.............
JSn’Jinn ---------------Receiver’s certfs. $2,000,000.....................- ..........
166,000 ---------------Notes payable Dec 31 1 0 1 1 - - - ---------------1,479,200 — --------- Bonds. — First mortgage bonds 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 R R ., amounting to $770,085, a n d 's guaranteed by the
Chic. & Oak Park El. R y.; It became due Jan. 1 1900 but has been extended
on demand. Tho old Income bonds, with the exception of about $ i 2 8 ,euu,
are held In the treasury of the railway company.
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 began running around the loop In Oct. 1897. Chicago «
Harlem forms an extension comprising 4 miles more of double track, lotai
single track, 24.41 miles.
REPORT.— For years ending Juno 30 for Railroad Co.
1911.
1910.
1909.
1008.
$786,600
5802,581
5812,955
Passenger earnings------::::::
37,798
38,853
33,885
Other earnings-----------$869,892
5825,453
$840,379
5846,840
Total earnings---------537,259
517,010
568,349
639.234
Operating expenses----$332,633
$308,443
$272,030
$207,606
Net earnings________
232
3,367
Other In c o m e -_______
$332,865
$272,030
$308,443
$210,973
Total Income________
438.054
474,187
450,735
*506,396
Fixed charges_________
105,100
202,157
142,292
295,423
D eficit............................
* Fixed charges In 1910 11 lncl. lnt. on floating debt which Is not now
b e in g p a id .
_
O F F I C E R S .— P res., M . H . B r a d le y ; V .- P . , P e r c y M ayes; S e c . & T r e a s .,
B ertram S tiff.— V . 92, p . 1435; V . 03, p. 407 , 666, 039, 1386, 1785; V . 0 4 ,
p . 123, 206, 278 , 1763.
UNION CONSOLIDATED ELEVATED RY.
Proposed Merger.— S ee C h lo. E le v . R y s . an d In V . 02, p . 143 o, 1498.
O R G A N I Z A T I O N .— F o rm e d In 1806 an d b u ilt fro m U n io n E le v a te d a t
5th A v e . w est t o M arket S t .; th e n ce t o th e M e tro p o lita n W . S. E l.; t o t a l,
1-5 m ile o f tra ck ; Is o p e ra te d b y th e M e tro p o lita n W e s t b id e E l.
e x p ire s O ct. 7 1945.
_
.
^ . .
..
STOCK A N D BO N D S—
.
.
S to c k - - - - - ______—_ —- ——
------$ 1 ,0 0 0 , 0 0 0 - - - - - - - - -
Series “ A " 1st m tg e , g o ld ,) 1806
5 g M -N
4 5 3 ,0 0 0 N o v 1 1 0 3 6
gu p & I b y M et W S E I - . - J q . S h e rm a n , V . - P . . Cen. T r . C o ., N . Y -.T r u s .
M ortgage 5 1 ,0 0 0 ,0 0 0 , o f w h ich $ 5 0 0,00 0 series A .
V . 63, p . 106 5.
546 .000 o f o u ts ta n d in g b o n d s are h eld b y M e tro p o lita n W e s t S id e E le v a t e d .
O F F I C E R S .— P r e s ., S am u el In su ll; V .- P . , G ilb ert E . P o r te r ; S ec and
_______
T r e a s ., W . V . G riffin .
Franchise
Date Interest. Outstanding. Maturity
nnisrns__
Date.
Interest. Outstanding.
M aturity.
1st mtge. 55.000,000.g(51.000) 1895
5 g A-O
54 472 ,000 Oct 1 1945
Interest at Chase Nat. Bank, N. Y ., and 111. Trust & Sav. Bank, Chicago.
Bonds .— Of the 55,000,000 bonds Issued, 5528,000 are held by Northw. El.
ROAD.— The loop Is 1.98 miles In length, double tracked (80-lb. rails),
and runs on Lake St. to Wabash Ave., to Van Buren St., to Fifth A ve.. to
Lake St. Road opened Oct. 10 1897. Trains of the Chicago & Oak Park
Metropolitan West Side. Northwestern Elevated R R . and South Side
operate over the loop. Northwestern Elev also owns .18 mile of double
SUBURBAN RAILROAD.— A trolley road.
.
. „
track from connection with loop at Van Buren & State streets to connection
In F e b . 1912 E m il G . S c h m id t, P res, o f C o u n ty T r a c . C o ., pu rch a sed all
with South Side El. R R .. which Is leased to the latter.
th e securities o f th e c o m p a n y an d C h ic. R iv e rs id e & L a G range U R . held
(3) South Side Elevated RR.— (“ Alley Elevated” ) .— An electric elevated b y the Y e rk e s esta te , c o m p ris in g p r a c tic a lly all o f th e s to c k , b on d s and
n otes o f b o th c o m p a n ie s, fo r $ 3 0 0 ,0 0 0 . V . 94, p . 632.
n
.
1“ o r g a n i z a t i o n .— Successor January 1807 to Chicago & South Side
R eceiver— O n F e b . 27 1912 E m il G. S c h m id t s u cce e d e d L . S. O w sley
R T RR (foreclosed per plan V. 63, p. 1158). July 31 1000 the Appellate as receiver (V . 7 5 , p . 2 4 1 ). $250,000 re c e iv e r s c c r t fs . h a v e been a u t h .,
Court sustalneTthevalldlty of the foreclosure (V 71. p. 236). and on Feb. part o f w h ich h a v e been Issued.
. .. .
. *«•.- io n *
21 1002 that dec slon was concurred In by the State Supreme Court. V. 74.
p. 477. Franchise expires March 26 1038. Leases the Chicago Junction
STOac \ NIA N D , B O r a s “ rP'D « “
“
O. Sl SSl ^ MMr t t t .
R R .. which see below.
s tS ° 1 f o ? ™ o 5 ONDSBonds .— Are subject to call at 105 and Interest.
Dividends .— First dividend of 1 % (out of earnings for four months ending
April 30 1899) was paid May 1 1899; then Sept. 1 ,1 %: Dec. 30 1 %• In
1900. 3% . In 1901. 3 H % - In 1902 to 1007, Inclusive, 4% yearly. In
08 Mch., %%■. none until J’ne ’ 10, when H % was paid; Sep., )■$%: Deo-,
In 1 9 1 1. March,
June. % % : July, extra dlv. of 55 90. (V. 03,
p. 164.) In 1912, Mch., 1 A % \ June, 2 % % ; Sept., 1 V »% .
REPORT.— For years ending June 30 1911 and Dec. 31 1910. Passengers carried in 1910-11, 46,751,028.
1910.
1910-11.
1910.
1010-11.
Gross receipts 52,410,922 52,457,480 Other charges
550,000
5153,447
Net after taxes 807,834
803,9771Dividends
- 230,203
107,450
In terest_____ *453,080 *453,0801Bal. for year.
74,651
i includes both In 1911 and;1910 503,080 rental paid to Chicago Jet. Ry.
R O A D __Owns elevated road In operation In Chicago upon a purchased
right-of-way from Congress St. to Jackson Park and to Englewood. Elcotrfolty was introduced as motive power late In April 1808. Operates 370
motor 30 trail and 14 misc. cars. On 15.07 miles of structure has a total
of 36.51 miles of single track, including extensions. Also leases Chicago
JUOFl'UCERS’ —1Pres?CBritton'I . Budd; Sec., Paul D. Sexton; Treas.. W.
V Griffin; Aud., T. B . MacRae; Gen. Mgr., E. C. Noe. Office.1001 Royal
Insur Bldg., Chicago.— V. 88, u.296. 371: V. 90. p.304,367.373,978.
1426; V\ 92 , p . 2 64, 320, 597, 1437, V. 93, p. 161, 528.
(a) Chicago Junction RR,~(5fi6 Alap. page 33.)
ORGANIZATION.— Organized In the Interest of the South Side Elevated
RR to build lines to connect that company’s track with the Stock Yards.
Only a nominal amount of stock has been Issued (550,000). which Is held In
trust for the South Side Elevated In case that company should at any time
wish to absorb It
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.
Maturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
stnrV
—. . . —
See text.
..........
lsf m tge” ~52~327 000 gold) 1905
4 g M-S
£2,327,000 Mch 1 1045
1 i s f o o o ) . guar“ p & L -?-C *lF lrst Trust & Sav. Bank Chicago. Trustee.
Bonds .—-Are subject to call at 105 and lnt. In event of consolidation with
South Side Elev., this Issue of bonds Is to be retired. V. 80, p. 871. Bonds
are guar., p. & I., by Chic. June. Rys. & Un. Stk. Yds. Co. See V . 82, p.o68.
ROAD — Consists of an elevated road (from Junction with South Side
” L” at 40th Street) to the Stock Yards,anda loop around the same. 3.75
miles. Was completed In May 1008.
OFFICERS.— Pres., John A. Spoor; V.-P. & Sec., II. E. Poronto; Treas.,
R . B. Thompson; Asst. Treas. & See., S. A. Bracken; Aud., C. C. Chace.—
V. 87, p. 346.
? M 0 l i o r t § « e r o » 3 :6 o 6 .V o o '.i i s o i
s i n s
''[ . ’ ’ s o l o o ? l K i T i n i
gold
____ /C h ic a g o T itle & T ru s t C o ., T ru stee.
“ o ? th e " w 3 K 000 b i n d s ‘ a u t h o r i z e d $1,2 5 0 . O O O ^ W ^ ’J fS
the road o w n e d and t o eq u ip a p o r tio n o f th o .leased Baos wl1th t r o lle y .
T h e rem ain der m a y be Issued fo r exten sion s b u ilt an d e q u ip p e d a t 5 5 0 .0 0 0
per m ile fo r d o u b le an d $30 ,000 p er m ile o f single
* . o f p hI .
R O A D .— O w ns 29.8 m iles o f t r a c k , e x te n d in g
^ S 111th r o iw h r it v
O ak P ark E le v . at 52d S t. an d M e tro p o lita n E l e v . a t 48 th S t .. th rou g h c it y
nf Phirairn O lcero G rossda le. La G ra n ge, <&c. Leases fro m th e u . « O .
C h icago T erm inal R R .C o . (fo r OOyrs.) th e C h ica go & f o u f r o a d
to
H arlem race tra ck , A u s tin . R id g e la n d , O ak P a rk , A c ,. 10 m iles o f t r a c k .
A lso op erates A o f a m ile o f d o u b le tra ck o f th e C h ica g o R iv e rs id e & L a
G range R R .. h a v in g $5,000 s to c k a n d n o b o n d s . T o t a l tra ck o p e r ., 3 2 .3
m ., all tr o lle y , e x c e p t C. & S. W . tra ck s alo n g W e s t 1 6 th an d 19th streets.
O F F I C E R S . — P r e s ., E m il G . S c h m id t; S e c . & T rea s., L . J . W ern er,
G en. S u p t., F . C. C h a m b ers.— V . 75, p . 241; V . 94, p . 632.
CIN C IN N ATI, OHIO.
C IN C IN N A T I & C O L U M B U S T R A C T IO N C O . - A tr o lle y ro a d
O R G A N I Z A T I O N .— I n c o r p . J a n . 21 1903. Franchises ex p ire In 1930.
STOC K A N D B O N D S—
Date.
Interest.
Outstanding. Maturity
C o m m o n . $1,2 5 0 ,0 0 0 (5100) - .................................
o ? a ’£rin
P f. 5 % c u m . $1,2 5 0 ,0 0 0 (5100) - - - an n nnn
ir .T J V i^ iN
p
irqf m
mortirno-p
5 g J-J
oUU.UOO
1913
First
o rtg a g e . 5 0 0 0 ,o0 o0 o0 , 1i ^1905^ UnU)n
gftv Q k &
T f Co< Jcu, ly
n#f1TruB>
o e^co
nm
fT n
n ootes
/ -____
%a y B k
S
n drm
mtV
tge
te s jS250
J D U000
.u u u
j ^ ftt U nIon5 S
1 1914
&87,100
Tr. Co..Jan
Cincinnati.
Bonds.— T h e d e n o m in a tio n o f th e first m o rtg a g e b o n d s are r e s p ectiv ely :
6 550.000; 30 5 5.000; 100 $ 1 , 0 0 0 ; an d 100 $500. T h e y can be ca lled at
a n v tim e a t nar
B o n d s o rig in a lly m a tu re d J u ly 1 1900, b u t w ere e x te n d e d
tor 2 K it a r a
V 8 0 P . 102, 720 . O n J a n . 1 1912 th e y w ere again e x
te n d e d fo r 18 m o n th s . S e c o n d m tg e . n o te s fell d u e J u ly 1 1912 b u t w ere
pxtpndpd 18 tn o s . to J a n . 1 1914.
C E A R N I N G S - F o r 12 m os e n d in g D e c 31 1011, gross, $11 8 ,3 3 7 ; n e t,
S13 1 5 5
In 1910 gross, $11 0 ,6 2 5 , n et, $ o 2 ,4 3 0 .
r o a d __ O nerates 54 m iles o f tra ck be tw e e n C in cin n ati a n d H ills b o r o .
p u t in c o m p le te o p e r a tio n In F e b .. 1006
S ta n d a rd g a u g e , 7 0 -lb . T rail.
o p p i o r r s __ P r e s .. H . H . H o ffm a n ; V . - P . , L ew is S e a s o n g o o d ; 2d V . - P . ,
Ile n r v B u rk h o ld ; S e c . an d T r e a s .. W illia m T o p ic ; M g r., D an Ftcldel J r .
— V . 80, p 1234; V . 85, p . 220, 590; V . 80, p . 102, 720; V . 04, p . 278 .
CINCINNATI
GEORGETOWN & PORTSMOUTH RR.— Steam and
e le ctric.
c o n trol o f ro a d ch a n g e d han ds an d In S e p t. 1911 en tered Into
a m a n a g e m e n t ag re e m e n t w ith the F e licity & B eth el R R . an d the O h io
R iv e r & C o lu m b u s R R . (at p re se n t a steam r o a d ) . V . 03. p . 706.
O R G A N I Z A T I O N .— F o r m e r ly a n a rro w -g a u g e steam r o a d , b u t n ow
op e ra te d b y b o th e le ctr ic ity a n d ste a m . U n d er O h io law rem ain s a steam
r o a d . Franchises p e rp e tu a l.
Sept., 1912.J
ELECTRIC RAILWAYS
STOCK AND BONDS— Dale.
Interest. Outstanding.
M aturity.
Stock, $1,500,000 .............................
.............
$1,500,000 _______
1st mtge., $1,000,000 goldl 1902
5 g J-J
1,000,000 Jan. 1 1932
($1,000)---------------------- c*J Int.at Union Sav.Bk.A Tr.,Cln.,Tr.,& In N.Y
Fel & Beth 1st M $100,000, g] 1905
5 g A-O
100,000 Oct. 1 1935
($1,000) not callable__ c ’ JInt. at Union Sav. Bk. & Tr., Clnclnn.,Trust
Ohio Rlv & Col 1st M gold) 1903
5 J-J
500,000 June 1 1933
$1,000,000 ($500, $l,000)c/In t. at Union Savings & Tr Co., Cln., O.
EARNINGS.— For cal. year 1911, gross, $185,441; net, $34,190. In
1910, gross, $174,011; net, $24,448.
KOAD — Operates 49 miles from Cincinnati southeasterly to Russell
vllle 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 Rlv. & Col. extends from Ripley to Sardinia, 24 miles.
OFFICERS.— Pres., Robert I). Hackney, Cincinnati; V.-P., Jesse
Thompson, Georgetown; Sec. & Aud., Chas. J. Finger.— V. 83, p. 322;
V. 87, p. 543; V. 93, p. 229, 790.
35
OFFICERS.— Pres., W. Kesley Schoepf; Chairman Executive Com.,
W . Kesley Schoepf; V .-P., J. B. Foraker Jr.; V.-P. and Gen. Mgr., Dana
Stevens; Sec., Walter A. Draper; Asst. Sec., D. J. Downing; Treas., H. L.
Sanders: Comp., W. H. MacAlllster; Aud., A. L. Kasemeler: Asst. Gen.
Mgr.. T. Fitzgerald; Gen. Supt. R. E. Lee; Chief Eng.. Thos. Elliott;
Purch. Agt., C. Buckmyer.— V. 91, p. 154, 1327; V. 93, p. 526; V. 94, p.206.
(a) Cincinnati Street Railway.— Electric.
Was leased on Feb. 21 1901 to the Cincinnati Traction Co. for the un?Qnire<* *?rm °* 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 5 X % for the Orst year. 5J* for the
second, 5 % lor the third and 6 % for the fourth year and thereafter. V. 72,
p. 130. Franchises, It is claimed by company, mature April 22 1946.
.,.OIi 9 ANI^ATION-— Incorporated June 21 1880, and In 1896 purchased
Mt. Adams & Eden Park and Mt. Auburn roads.
STOCK AND BONDS—
Par.
Interest. Outstanding. Last d lv .,A c .
Stock $20.000,000...............
50
6 Q-J
$18,511,950 See text?
CINCINNATI LAURENCEBURd & AURORA ELECTRIC STREET RR
— A trolley road.
ORGANIZATION.— Incorporated In Nov. 1898. Franchises expire In
1924 and 1925.
and Jan. 1 and Aprll 1 1904, each 1.4375%; July'l904, 1 1*%: Oct. 1904,
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
i l * % . civ s, since have been at the rate of 6% per annum and will so con
Common, $750,000 _________ _____
____
$ 7 5 0 000
Pref. 6% cum., $250,000___ _____
Q -j
58,900
- ......... tinue to the end of lease and Us renewals.
a
n1C^ {^ v ~ p rcs•' John Kllgour; V.-P., Edward Goepper; Sec. & Treas.
1st
mortgage
$750,0001 1899
5 g J-J
750,000 July 11919 A.
J. Becht.— V. 83, p. 1523; V. 84, p. 1551; V. 91, p. 1446.
(SI,000.) gold............... - —JInterest at Un. Sav. Bk. & Tr. Co., Cln., Tr
(2) Cincinnati & Hamilton Traction.— A trolley road.
S IO C K .— Pref. stock was issued for money assessed on capital stock.
No Interest has been paid.
1ZA?.1P NGTTT'rhls company was organized In Aug. 1902 as a
EARNINGS.— For year ending June 30 1912, gross, $138,024; net, 5?
VaUey Street R y. and the Hamilton Glendale
$61,953; Oxed charges, $44,422; surplus, $17,531.
rfii«iIi,CioMai«T racti on'
75> p - 497- On Sept. 30 1902 was leased to the
ROAD.— Operates 38.14 miles of track from Anderson's Ferry, at Cin
lSterH.ribam Co; ( v - 75> p - 006>. but on July 6 1905 lease was
cinnati, to Aurora, Harrison and Lawrenceburg.
* 0 the Ohio Traction Co., and the Cincinnati Interurban Co. placed
OFFICERS.— Pres., J. C. Hooven, Hamilton, O.; Treas. and Gen. Mgr.,
t
? ear beginning Oct. 1 1002-03, $55,000; 1903-04
O. E. Hooven; Aud., E. M. Gumpt.— V. 78, p 2011, 2383.
fSSnRn:
*®6>°,00: 1905-08, $71,500; 1906-07 and 1907-08.
los'snn:
,an(l 1909-K), $82,500; 1910-11, $88,000; 1911-12.
$93,500, 1912-13 to 1914-15, $99,000; thereafter, $100,000.
CINCINNATI MILFORD & LOVELAND TRACTION CO.
ORGANIZATION.— Incorporated In Ohio In Sept., 1902, and purchased
STOCK AND BONDS—
Date.
Interest. Outstanding. Last D lv .
Stock com $1,100,000 ($100).............
Q-J
$ 1,100,000 Oct. T 2 , J* %
franchises and rights of the Cincinnati Milford & Eastern Traction Co.
$ 1 . 1 0 0 , 0 0 0 ] -----Q -J
1,1 0 0 ,0 0 0 O ct. T 2 1 K %
STOCK AND BONDS—• Date.
Interest. Outstanding. M aturity. S
($100)
5%
cumulative___
j
71
Oom., $1,000,000 ($100).............................................$1,000,000 .................
Dividends .— 5 % per annum Is being paid on the preferred stock. The
Pref., $650,000, 5% cum---------. . .
-----------649,425 No dlv. yci
1st mortgage, $500,000, g] 1905 5 g J-J
407,500 July 1 1925 Orst dividend on the common of H % was paid Jan. 1 1904 and H % was
($500) .............................c*/Int. at Prov. Sav. Bk. & Tr. Co., Cln. Trust. f 1# 1° . p,nI<L°flIl AW?} ,!• ,Jp|y la n d Oct. 1 1904. In 1905, 1 %; In 1906,
V , 9° T
7 - 2% .in 1P08. 2 % : in 1 9 0 9 . 2 )* % : In 1 9 1 0 . 2 j*% : in 1 9 1 1 .
Bonds. — Are subject to call at any time at 110. See V. 81, p. 264.
3% , In 1912, Jan., /* % : Apr., J*%; July, % % ; Oct., J*%.
•
ROAD.— Will operate 41 miles of track from Cincinnati to Loveland and
ROAD.— Owns and operates 31.32 miles of track from the ' ‘Zoo” In Cin
from Cincinnati to Blanchester. Gauge, 5 ft. 2 In.; 70-lb. rails. The line
cinnati
to
Hamilton
and
15
miles
from
Cincinnati
to
Lockland.
Gauge.
to Milford and Blanchester, 38 miles, Is now In operation. Enters Clncln
Y.J1' , ? ? V?c , . Operates over tracks of Cincinnati Traction Co. from
natl over the tracks of the Cincinnati Traction Co.
OFFICERS.— Pres., B. II. Kroger; Sec., J. Nevln Roberts; Aud., Charles ‘ ‘Zoo” to Fountain Square In Cincinnati.
OFFICERS.— Pres., H. H. Hoffman; V .-P ., B. L. Kllgour: Sec. and
J. Peurrung.— V. 81, p. 264.
Treas., A. J. Becht, all of Cincinnati. V. 75, p. 290, 497, 906.
INTERURBAN RY. & TERMINAL CO.—A trolley road.
ORGANIZATION.— Incorporated In Ohio on Nov. 3 1902, and Is a con
C L E V E L A N D , OHIO.
solidation of the Cincinnati & Eastern Electric R y., the Rapid Railway Co.
CLEVELAND RAILW AY CO.
Traction Co. In July 1907 obtained authority to issue
Company Resumes Possession.— ‘The receivers of the M unicipal Traction
$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 Co. having been discharged and the debts of that company provided for the
bond Issue has been entirely canceled. In 1908 a new mtge. made,as below. Cleveland Railway Co. on March 1 1910 resumed possession of Its lines under
ordinance (see below) of Dec. 1909. V. 90, p. 626. The lease to the
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Municipal Traction Co. was canceled of record.
Common, $2,500,000 ($100).................................
$2,500,000
New Franchise Ordinance.— The “ security" franchise ordinance granted
Pref., $ 1,000,000($ 100) ,5 % .................................
1.000,000 .............
April 27 1908 not being ratiOed (V. 87, p. 1089) and the Schmidt ordinance
First mortgage, $1,650,000,1 1908
5 J-J
See text
1928 being defeated at a referendum election Aug. 3 1909 (V. 89, p. 348), a new
gold---------------------------------/In t. at Cincinnati Trust Co., Trustee.
franchise ordinance (V. 89, p. 1667) was passed In Dec. 1909 by the City
Bonds. — Of the $1,650,000 1st mtge. bonds, a small portion has been sold
Council, and accepted by the railway co., based upon the valuation of the
the remainder Is being used as collateral for loans.
co’s property as Oxed by Judge Tayler. The ordinance grants franchises to
EARNINGS.— For calendar year 1911, gross, $329,487. In 1910,'gross. operate on existing roads to May 1 1934, subject to the right of the city to
$319,173. In 1909, gross, $304,641. In 1908, gross, $299,433.
purchase the property. In case the city shall purchase and take over the
property of the company, as Is In this ordinance provided, then It shall pay
ROAD.— Comprises 22 miles of track between Cincinnati and New Rich
mond, 33 miles between Cincinnati and Lebanon and 28 miles from Cincin for the same the capital value of said property, as Oxed by Sec. 16 plus
nati to Bethel. The latter section was leased In Aug. 1906 to the Union 10% thereof, the city at the time of such purchase assuming and agreeing
Gas & Electric Co. of Cincinnati, but lease canceled Aug. 31 1907. Gauge
to pay, in addition thereto, all the obligations. Indebtedness and liabilities
5 ft. 2J$ In. Also owns terminal station on Sycamore St., Cincinnati' of said company, and all liens other than bonded Indebtedness upon its
Oars enter Cincinnati over the tracks of the Cincinnati Traction Co. 70-lb. property then existing, which bonded indebtedness the city shall at the
and 97-lb. T rail. Total track, 101.4 miles, all operated.
time of any such purchase, provide for by assumption If the law authorizing
OFFIC E R S— Pres., Chas. H. Davis; V .-P ., Lee H. Brooks; Sec. and 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
Treas., J. M. Hutton.— V. 85, p. 221, 469; V. 86, p. 2$5.
property subject thereto If that be the mode provided by law for dealing
with such existing bonded indebtedness in making such purchase. On and
OHIO TRACTION CO.
ORGANIZATION.— Incorporated In Ohio on May 22 1905, and owns 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
the entire capital stock of the Cincinnati Trac. Co., the Cincinnati
Sradically
oologlcal Co. and the Cincinnati Car Co., besides a large Interest in the com. tion the electors ratiQed the ordinance (V. 89, p. 1667; V. 90, p. 167, 502).
and pref. stock of the Cincinnati Dayton & Toledo Traction Co. On July 6 On July 10 1911 City Council passed an ordinance amending that of Dec*
1909 providing, among other things, for additions to capital as required and
1905 lease of the Cln. & Hamilton Tract Co. was assigned to this company particularly
for the Immediate expenditure of $2,500,000 for impts., extens.
bjr the Cln. Interurban Co. and the latter company placed In liquidation. and
equipt. The new ordinance also provides that the right of the city to pro
This company also acquired the property of the Traction Building Co.
pose exten., betterm’ts or impts. shall terminate whenever the unexpired
which went Into liquidation.
Shareholders on Feb. 24 1911 authorized an Issue of $2,500,000 5% bonds. term or any renewal thereof Is less than 15 years, and also that during such
In June 1912 Ohio Pub. Utilities Comm, sanctioned the Issuance of the period the company may operate at the maximum rate of fare and Ox the
remaining $750,000 1st 5s. Up to Sept. 1 1912 these were not outstanding. schedules subject to the police power of the city. Provision Is also made for
Company has also asked permission to Issue $750,000 pref. stock. V. the use of surplus earnings during this 15-yr. period, either In the pavment of
floating debt or the creation of a s. f. to purchase securities and reduce
94, p. 1696.
capital value. At a referendum election on Nov. 7 1911, the electors ratified
STOCK—
Date.
Interest.
Outstanding.
Last Die- the ordinance amending that of Dec. 1909.
Common, $10,000,000 ( $ 1 0 0 ) .____
Q -j
$8,655,000 July T 2 ,1 %
Valuation.— Judge Tayler placed the value of the physical property of the
Pref., $10,000,000 5% cu m ..........
Q .p
8.500.000 A ug.'12,1 X Cleveland Elec. Ry. Co. at $17,511,856 and the franchise value at $3,615,
First mtge $2,500,000 gold]_1911
5g
1.750.000
1936
844; total, $21,127,700; agreed value of property purchased from Fores
sinking fund ($1,000)........./Interest at Fidelity Trust Co., Phlla., trustee City Ry. Co., $1,805,600; total valuation, $22,933,300. To this Is added
Stock.— Further Issues of stock can only bo made for acquirement of $1’, 158,300 Interest or rental accrued, making the entire "capital value"
other properties and additions to the present properties.
$24,091,600. The bonded debt of $8,128,000 and floating Indebtedness
Bonds. — First mtge. covers holdings of stock of the Cincinnati Traction as of Jan. 1 1908, $1,288,000, or $9,416,000 In all. Is deducted, leaving
Co. and Cincinnati Car Co. owned and controlled by Ohio Trac. and all other $14,675,600. The valuation Is to be Increased for the purpose of fixing the
property and franchises exception Traction cos. ownership of stock In C D price at which the city or Its nominee may purchase the property by the
& T. Trac. Co. and Cln. Zooolgical Co. Bonds are red. as a whole on and amount of future requirements, including cost of new pay-as-you-enter cars
after March 1 1916, or In part for sinking fund on March 1 1912 or any Int and 75% of the cost of remodeling old cars as pay-as-you-enter cars.
date thereafter at 103 and Int. Sinking fund provides for retirement of
Fares. — An experimental fare of 3c., with lc. extra for transfers without
bonds at maturity. V. 92, p. 726.
rebate, had to be tried to see If It would yield the auth. Int.on capital val.—
Dividends.— First dividend on pref. stock— 1 \i % —was paid Aug. 1 5% on bonds, 6% on floating debt and capital stock. On June 1 1911 author
1905; 1 Yi.% has been paid quarterly since to and Including Aug. 1912. On ities ordered the fare reduced to 3c. cash fare, lc. extra for transfer, but the
com.. 1st dlv.— 1%— paid Nov. 1 ’09. In TO, Oct.. 1%. In ’ l l , July, 1% : latter to be rebated when taken up, which In Sept. 1912 was still in ef
Oct., 1% . In 1912, Jan., 1%; Apr., 1%; July, 1%.
fect- V. 92, p. 1498; V. 93, p. 1190. Under the ordinance, fare to
OFFICERS.— Pres., W . Kesley Schoepf; V.-Ps., Chas. P. Taft, J. B. East Cleveland is same as city fare. Fare for other suburbs, 5 cents,
Foraker Jr.: V.-P. & Gen. Mgr.. Dana Stevens: Sco., Walter A. Draper; or, eleven tickets for 50 cents, according to contracts. The company’s
Asst. Sec., D. J. Downing; Treas., II. L. Sanders; Comp., W. II. McAllister: schedules and routes are subject to the supervision of the city
Aud., A. L. Kasemcler.— V. 91, p. 871; V. 92, p. 462, 726; V. 94, p. 1696. 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
(1) The Cincinnati Traction Co.
a so-called Interest fund of at least $500,000. V. 89, p. 1667.
ORGANIZATION.— Incorporated In Ohio on Feb. 19 1901 with an all times offare
allowed Is 4c. for a single fare, or 7 tickets for a quarter,
authorized capital stock of $2,000,000 (which, all except 11 shares, Is Maximum
with
lc
.
for
transfer without rebate.
owned by the Ohio Traction C o.), to take over under lease the Cincinnati
ORGANIZATION.— In 1908 changed name from the Cleveland
Street Ry. Co. See V. 72. p. 301.
Electric Railway Co. (which had In 1903 taken over the Cleveland City R y.)
In Sept. 1912 It was understood that application had been made to Ohio to
Cleveland Railway Co., and authorized new stock to the amount of $35.
Pub. Scrv. Comm, for auth. to Issue $340,000 equip, trust ctfs.
Decisions. On Dec. 27 1911 Judge Ilotlhelmcr In Superior Court decided 000,000. The old stock of Cleveland Electric Ry. was given a valuation
$55 per share, or $12,870,000 (the stock having formerly been $23,400,
that company Is accountable to city for 6% of gross earnings from all of
which valuation was agreed upon after extended conference, and
traffic within city limits, Including the part of it retained by Interurban rds. 000).
which was paid In new stock Issued by Cleveland Railway at a par ($100)
NOTES—
Date.
interest. Outstanding.
M aturity. valuation. The Forest City Ry. (which had first absorbed the Low Fare
fiq notes“ A ’ $200 000 g ($ l,000) 1908 6 g A-O
$110,000 Sec text.
Ry.) was purchased for $1,805,600 stock of Cleveland Ry., the shares of the
Equip notes Ser 'B ” $360,0001 1 9 1 0
5 g J-J
288,000 Sec text.
Forest City Ry. being accepted at their par (5100) value.
gold ( $ 1 ,0 0 0 ) ...----- - - o ’ /ln t . at Fidelity Trust Co., Phlla., trustee.
On Aug. 15 1912 shareholders were olfered the right to subscribe (to
Equip notes, series "C,"J 1911
5 g J-J
198 000 See text
Oct. 1 1912) for S3,014,920 additional stock (auth. by directors July 21
$220,000 gold ($1-,000) .cM Fidelity Trust Co.. Phlla , Tnfstee
1912, approved by Ohio P .S . Comm. Sept. 16 1912) at par, pavable in twoAll 3 Issues of notes are guar., p . & 1 . by Cln. Trac. Co. Series " A " equal Installments on Dec. 2 1912 and Feb. 1 1913. The new’ stock Is for
are 1st mtge. on 50 new cars. They mature $ 10,000 every six months from extens.. bett’ts and Impts., and to pay part of bonds due Mch. 1913.
Oct. 1 1908 to April 1 1918, Incl. Series “ B” are a 1st mtge. on 100 new V. 95, p. 230, 480.
cars and mature $18,000 every 6 mos. from Jan. 1 1911 to 1920, Inclusive.
On June 18 1910 motormcn and conductors were awarded an Increase In
V. 91, p. 154. Scries C ’ notes arc 1st mtge. on 50 new cars. They mature wages of 4 cents an hour, effective June 15 1910. V. 90, p. 1675.
$11,000 half-yearly from Jan. 1 1912 to July 1 1921. V. 93, p. 526.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
REPORT.— For 12 months ending Dec. 31 1911, gross. $5,087,149- In Stock $35,000,000 ($100)-------------Q-J
$15,074 600 Oct. ‘12, 1 •
1910, gross, $5,001,510; In 1909, gross, $4,731,731.
First mortgage $35,000,000 g] 1911
5 M-S
5,000,000 Mch 1 1931.
ROAD.— The Clnn. St. Rwy. comprises 222.26 miles of track In the city
($1,000)---------------------- c*/Interest In New York City or Cleveland.
of Cincinnati, Ohio, extending also to adjoining suburbs. The last cable Clev Elec Ry 1st cons mtge\ 1893
5 g M-S
5,000,000 Mch 1 191»
line was converted to electricity In June 1902, Gauge, 5 ft., 2}* In.
($1,000) gold, not red.c*<5crj Int. at Central Trust Co., N. Y ., Trustee,
C L E V E L A N D , P A IN E S V IL L E
E A S T E R N R A IL R O A D
SYSTEM .
Girard
Middleboro]
TRACTION CONNECTIONS
Sumnerville
Conneaut Jc,
McRane
Albion
Bushnell
Edinboro
Plymouth
PLYMC tllTH
9" |\
Griggs M
I SAYBROOKl
.NEVA' vl.unsoj
Crossingville o
o Bulah
Springboro
Beaver Center
Mechanicsvillei
MADISON HahiensfieldA^-
Giddiugs
AUSTINBURi
Pierpont
iHARPERSFIELI
Mosiertown
Conneautville
Steaml
J.eficrson'
Eagleville
Thompson
Dorset
LEROY
CONCXORD
THOMPSON
Trumbull
Ijinesvil.le
■^2)___Little o ___
Mountain
KlRTLAND
Meadville Jc.
Clark
Sentinel.
Hampden
CHARDOi
Rome
lliiirdon
Conneaut Lake
Anuover
Watson] Rum
New Lynne Sta.
Mann
!willoughb.y]
^"E U C LID
^ ]
eUCLID j MAYpield ] j Mulberry Corners
E. CLEVELAN D
| j Chesterland
>
DERMEjRE
'Headville
|
WICKLIFFE
0
S c o th ifc te w G
O H IO
V
Westford
Claridon.
■owlers Mills
Stoneville
Atlantic
c E-Orwell
E.Claridon
Z /'
Fullertown
O H IO
h&grin Falls
Vallonia
Bui 1....... 1 111 ^
TRAC.
Aliddlefie]
South Newbury
Triumph
Burton Sta.
Jamestown'
York
N .Bloomfield o
:N. Bristol
LBuchanan
ELECTRIC RAILWAYS
S e p t , 1 9 1 2 .]
Bonds. — Of the first mtge. of 1911, $5,000,000 are reserved to retire Cleve
Elec. Ry. 5s, the next $5,000,000 auth. may be Issued for 85% of cash costr
of extensions, betterments, &c., and remaining $20,000,000 bonds for 50%
of such cash cost, when net earnings for previous 12 months shall have
equaled at least twice the lnt. charge, Including bonds proposed to be Issued.
Bonds arc red on anv lnt. date at 105 and lnt. Citizens’ Savings & Trust
Co., Cleveland, and Bankers Trust Co., N. Y ., trustees. V. 92, p. 6o9.
REPORT.— For calendar year:
Year.
Oross.
Net.
Oth.Inc. Int.& Txs. Divs.(.6) B a l.,D ef.
1911__ ;•_____ $6,867,449 $1,471,480 $55,760 $907,980 $903,836 $284,385
71,478
1910________ 6,123,642 1,607,899 36,737 811,944 904,170
Dividends.— First dlv.— 1 ^ % — under new franchise ordinance of Deo
1909 paid April 1910 and 1 'A% quar. since to and lncl. Oct. 1912.
ROAD.— Operates over 260 miles of track. Mostly 82, 95, 103 and
141-lb. standard: 103-Ib. girder rails.
OFFICERS.— Pres., J. J. Stanley: V.-Ps., C. F. Emery and R. A. Ila r
man; Sec. & ’fireas., II. J. Davies; Asst. Trcas., Wm. J. Mead; Oen. Mgr.>
G. L, Radcllflc; And., Thos. P. Kilfoylc.— V. 89, p. 41, 348, 778, 918, 1223.
1667; V. 90, p. 167, 302, 502, 626, 1675; V. 91, p. 214, 1327, 1710; V. 92,
p. 260, 526, 659, 055, 1498; V. 93, p. 286, 1190; V. 94, p. 350; V. 95, p.
175, 236, 480, 749.
37
ROAD.— Owns road from Euclid, Ohio, to PalnesvlUc and Falrport,
24.02 miles (“ Main Line” ), and uses Cleveland Electric R y. from Euclid
to Public Square. Cleveland, 10 miles; also owns “ Shore Line," extending
from Willoughby to Glenvllle, Ohio, 14.89 miles, and uses the Cleveland
Electric Railway Co.’s track from Glenvllle to the Public Square, Cleveland.
5 miles. Total track operated (Including 4 A miles of double), 46 H miles.
With the Cleve. Palnesv. & Ashtabula forms a continuous line from Cleve
land to Ashtabula. Ralls 68-lb. girder on Main Line, 75-lb. T on Falrport
Line and 70-lb. T and 90-lb. girder on “ Shore Line"; 29 motor cars and 8
other cars. Power-house Is at Willoughby. Car-houses at Willoughby.
Palncsvllle and Nottingham.
REPO RT.— For years end. Dec. 31. For 1911 report see V . 94, p. 692.
„
1911.
1910.
1909.
1908.
1907.
Gross earnings..................$366,143 $355,469 $321,173 $305,745 $296,318
Expenses ........................... 189,195 175,169 163,909 168,494 *157,197
N e t ----- --------------------- $176,948 $180,300 $157,264 $137,251 $139,121
Fixed charges and taxesll 113’,045 106’,618 10l’,283
96^736
8o!.552
Surplus---------------------- $63,903 $73,682 $55,981 $40,515 $52,569
•In 1907 taxes are Included in operating expenses.
OFFICERS.— Pres., E. W. Moore; V .-P ., J. A. Beldler; V .-P . & Gen.
Mgr., J. Jordan; Treas., E. V. Hale; Sec., Fred. S. Borton; Asst. Sec. and
E. L. Schmock, Willoughby, Ohio.— V. 88, p. 374, 1313, 1615:
CLEVELAND SOUTHWESTERN & COLUMBUS R Y — A trolley road. Treas.,
V. 90, p. 621; V. 92, p. 260, 391; V. 93, p. 1785; V. 94, p. 692.
ORGANIZATION.— Incorporated In Ohio on March 4 1907 and Is a
(1)
Cleveland
Paincsville & Ashtabula RR.— A trolley road. Entirely
consolidation of the Cleveland to Southwestern Traction Co., the Cleveland over private right
way, except through some of the villages, where
Ashland & Mansfield Traction Co. and the Ohio Central Traction Co. For franchises expire In of1927.
terms of exchange see V. 83, p. 1590. Also owns the Norwalk Gas &
ORGANIZATION.— Incorporated In Ohio In 1902.
Electric Co. In 1907 acquired $505,000 of the $650,000 common stock of
the Mansfield Railway, Light to Power Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity
................. $1,000,000
__________
STOCK AND BONDS—
Date.
Interest. Outstanding. Maturity Stock $1,000,000 ($100)....................
First mortgage $1,000,000/ 1902
5 g J-J
850,000 July 11922
Common $7,500,000 ($100)......................................... $4,185,500 .....................
gold ($1,000)----------------c*\Int. at Cleveland Trust Co., Cleve., Trustee.
Pref $2,500,000 5 %cum ($ 1 0 0 ).......
................. 2,412,000 ...............
Bonds.— $140,000 bonds are In treasury. No sinking fund and bonds
First general consol mortgage/ 1907 5 A-O
945,000 April 1 1927
cannot be called. See V. 75, p. 549.
$ 10,000,000(51,000)g c*&r\Int. at Cleveland Tr. Co.. Cleve., Trustee.
Cleveland & Elyria llrst mort-1 1895
6MN
200,000 May 1 1915
REPORT.— For years ending Dec. 31:
gage on 18 miles ($500) 1Interest at Citizens’ Savings & Trust Co.. Years—
Gross.
N et.
Int.& Taxes.
Balance.
Subject to call.
J Cleveland, Trustee.
1911..................................$141,313
$37,679
$57,977
def.$20,298
Elyria to Oberiin first inort-1 1897 6 F A
100,000 Aug. 1 1917 1910 .................................. 136,273
43,166
56,511
def. 13,345
gage on 9 miles ($500) gold\Interest at Cleveland Trust Co., Trustee.
ROAD.— Operates 25 miles of track between Palnesvllle and AshtabulaSubject to call.
1
Clev Ber Elyr to Oberlln consl 1899 5 g M-S
127,000 Mch. 1 1919 Put In full operation on July 30 1904. 70-lb. T and girder rail used. Track,
standard gauge. Connects at Palnesvllle with the Cleveland Palnesvllle to
M $500,000 g ($1,000 each)) Interest at Cleveland Trust Co., Trustee.
Eastern RR. and at Ashtabula with the Pennsylvania to Ohio R y.— V 82,
Subject to call.
J
Cleveland Elyria to VVesternf 1900 5 g F-A
1,073,000 Aug. 1 1920 p. 1322, 1379; V. 86, p. 337; V. 88. p. 374; V. 92, p. 322.
first mortgage $1,500,000] lnt. at Cleve. Tr. Co., Cleve., Trustee, or at
CLEVELAND & EASTERN TRACTION CO.— A trolley road.
($1,000) gold-------------- c&rl Nat. Bank of Commerce In N. Y. May be
ORGANIZATION.— Incorporated In Ohio on May 18 1910 to succeed
l called at 100.
Elyria Grafton to Southern! 1902 5 g J-J
100,000 Jan. 1 1922 the Cleveland to Eastern division (V. 90, p. 1613) of the Eastern Ohio Tracon Co. per plan In V. 89, p. 1541, 1596.
Ry first mortgage guar-) Interest at Cleveland Trust Co.. Cleveland,
anteed by C E to VV ($100,-1 Trustee, and Trust Co. of America, N. Y..
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
000 ($1,000) gold---------- c*J Can be called at par.
Common $600,000 ($100)___ _____
_______
$381,600 ...................
Norwalk Gas to Electric first) 1900 6 A-O
110,000 April 1 1920 Pref $500,000 5% n-c ($100).................................
465,865 ................. _
mortgage $110,000 ($500) g fln t. at Guardian S. & Tr. Co., Cleveland, First mortgage, $1,000,000,1 1910
5 g J-J
764,000 July 11932
Subject to call.
J Trustee, or Chase National Bank, N. Y.
gold ($ 1,00 0)-...............c * tin t, at Guardian Sav. & Tr. Co., Cleve., trus.
Cleveland & Southwestern) 1903
5 g F-A
1,400,000 Feb. 1 1923
Bonds. — Remaining bonds reserved for extensions, &c. Bonds subject
first and consol mortgagellnt. at Guardian Sav. to Tr. Co., Cleveland, to call, any or all, on any lnt. day at 103 and lnt.; began to draw lnt. from
$3,000,000 ($1,000) g ._ c « r j Trustee, or Equitable Trust Co., N. Y.
and after Jan. 1 1912. V. 91, p. 336.
Ohio C True first mortgage/ 1899 5 g J-D
150,000 June 1 1919
EARNINGS.— For cal. year 1911, gross, $193,473; net, $56,150. In
$150,000 ($1,000) gold.-C*l lnt. N. Haven Tr. Co., N. Haven, Conn., Trus. 1910, gross, $178,619; net, $42,239.
Ohio Central Traction consoll-j 1003 5 g M-S
250,000 Mch. 1 1923
ROAD.— Operates 40 miles of track from Cleveland to Chardon, Burton
dated mortgage $400,000 [lnt. at Cleve. Tr. Co., Cleveland, Trustee, or and Mlddlefleld, O. Standard gauge. 60-lb. T rails.
($500) gold.................
o*j at National Bank of Commerce, N. Y.
OFFICERS.— Pres., H. P. McIntosh; V.-P., H. Clark Ford; Sec. and
Bonds.— o f the $10,000,000 new bonds. $3,510,000 are reserved for prior Gen.
Robt. D. Beatty; Treas., C. A. Taylor. Office, 701 Electric
liens and $5,545,000 for extensions, Improvements, &c. They are sub Bldg.,Mgr.,
Cleveland, O — V 91. p. 154. 336.
ject to call after 10 years at 105 and accrued Interest. The Cleveland
A Southwestern bonds of 1903 are subj. to call on and after Feb. 1 1913 at
CLEVELAND YOUNOSTOWN & EASTERN RY. CO.
105 and lnt. $1,600,000 of this issue arc reserved to retire certain under
ORGANIZATION.— Incorporated In Ohio on June 1 1906. On March 1
lying bonds.
.
1910 acquired the Cleveland & Chagrin Falls Ry. (Incorporated Feb. 18 1910
Of the Cleveland Berea Elyria to Oberlln 5s dated March 1 1899, $300,000 to take over the Clev. to Chag. Dlv. of the East. Ohio Trac. sold Feb. 5 1910).
remain In reserve for the retirement at or before maturity of the divisional
STOCK AND BONDS—
Date.
Interest
Outstanding.
M aturity.
fls to a like amount. Of the $1,500,000 Cleveland Elyria to Western new Stock $152,500 ($100)...........................................
$152,500 ...................
5s, $427,000 are reserved to retire prior liens. The Ohio Central Trac. Co. Clev & Chag Falls 1st M $300, 1 1910
6
g
J-J
251,900
Jan
1 1930
consol, bonds may be called upon 30 days’ notice at 105 and lnt.; $150,000
000 gold ($100and $500)c*JInt. at Guardian Sav. & Tr. Co., Clev., trus.
of consols are reserved to retire a like amount of first 5s. First mortgage Clev
Y
&
E
Ry
mtge
$52,000)
1910
6
g
J-J
52,000
Jan
1 1915
was originally $200,000 authorized, but $50,000 canceled subsequently.
gold ($1,000) see text__ c*JInt. at Citizens’ Sav. to Tr. Co., Clev., trus.
EARNINGS.— For calendar years:
Bonds.— Cleve. to Chag. Falls bonds subj. to call, any or all, on any lnt.
Year—
Gross.
N et. Olherlnc. Int.& Taxes. Surplus. date at 102 A and lnt.; $48,100 are In treasury. C. Y. & E. R y. bonds
9 1 1 .............................$1,128,522 $486,141 $9,033 $363,516 $131,658 subj. to call, any or all, at par and lnt. They are 1st mtge. on line between
1910 ............................ 1,054,088 434,188
8,313
357,527
84,974 Chagrin Falls and Garrcttsville and 2d mtge. on line between Cleveland
and Chagrin Falls.
R O A D .— Operates 209 miles o f tra c k (of w hich 132 miles are on p rlv a t
EARNINGS.— For cal. year 1911, gross, $110,510; net, $30,498. In
rig h t of way) In and fro m Cleveland to Berea, E ly ria , O be rlln , N o rw a lk .
M edina, W e llin g to n , N o rth A m h erst, L o ra in , Crcston. Chippewa Lake, 1910, gross, $106,566; net, $26,110.
ROAD.— Operates 37 miles of line between Cleveland, Chagrin Falls and
Seville, W ooster, L ln n d a lc, P u rltas Springs, G allon, B u cyrus, M ansfield
and A shland. 60 and 70-lb. ra ils. Standard gauge. Operates 70 cars. Garrcttsville. Standard gauge. 60 and 70-lb. T rail.
OFFICERS.— Pres., H .P . McIntosh; V.-P., H. Clark Ford; Sec. to Mgr..
Also does fre ig h t and express business. C om pany owns P u rltas Springs
and Seccalum P ark and reaches Chippewa Lake. Also owns and operates Robt. D. Beatty; Treas., C. A. Taylor.
e le c trlo -llg h tln g p la n t In N o rw a lk.
O F F IC E R S .— Pres., F. E . Myers: 1st V .-P ., A. E. Akins; 2d V .- P .,
L . J. W o lf; Sec. & Gen. M g r., E . F . Schneider; Treas., J. O. W ilson ; A u d i
to r. I I . B. C avanaugh. General office, C leveland.— V. 84, p. 569, 748, 995,
1113; V. 85, p .2 8 3 ; V . 88, p. 294, 504; V . 00, p. 913; V . 92, p. 260; V . 94,
p. 982.
(1) M ansfield R a ilw a y, L ig h t & Power Co.— A tro lle y road.
In 1907 co n tro l passed to tne C lev. .Southwestern to Colum bus R y . Co.
O R G A N IZ A T IO N .— Successor in A p ril 1903 to the C itizens’ E le c tric
R a ilw a y, L ig h t & Power Co . w hich In tu rn was successor to the Mansfield
E le ctric Street R v. Owns entire street ra ilw a y and electric lig h t systems
In the c ity . C ity franchise runs t ill 1925.
STO CK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
C om m on, $650,000 ($ 1 0 0 ) - .- ......................................
$650,000 ....................
P ref., $350,000 ($100) 6% c u m .............................
350,000 1907, 6%
C itizens’ firs t m o rt. ($400,-1 1901
5
200,000 A p r il 1 1923
000) ($500)....... ........ .......... (In te re s t a t Cleveland T r. Co., Cleveland, T r .
Mans R y L t to P gen mtge $1,-1 1903
5 g A-O
742,000 A p r il 1 1918
000,000.g ($ 5 0 0 * $1.000) o * i U nion Sav. B k. to T r. Co.. C ln ., Trustee.
B o n d s . — In te re st on the new bonds o f the Mansfield R a ilw a y
L ig h t to
Power Co. Is payable a t R udolph K le y b o lte ft C o.’s office , New Y o rk ,
C in c in n a ti aim Chicago. $200,000 o f the new bonds are reserved to re tire
the bonds o f the old C itizens C om pany and $58,000 fo r fu tu re a cquisitions
and Im provem ents. A reserve fund o f $10,000 per a nnum Is m a in ta in e d , to
be used fo r extens. and lm p ts . N o t su b j. to ca ll. See V . 76, p. 810.
R O A D .— Owns and operates 9 miles of tra ck In Mansfield and an In te r
urban line of 12 miles to Shelby; 60 and 70-lb. T ra il. 40 ca rs.—V . 78, p.
2442; V. 83. p. 1291; V . 85. p. 284.
LAKE SHORE ELECTRIC RY.— (See M ap on page 38.)
ORGANIZATION.— The Lake Shore Electric Ry. was Incorporated on
Sept. 25 1901 under laws of Ohio as a consolidation of the Lorain to Cleve
land R y., the Sandusky to Interurban R y., the Sandusky Norwalk to South
ern Ry. and the Tdledo Fremont to Norwalk R R . V. 73 p. 784. About
half the road Is built on private right of way; franchises for the remaining
half were In 1908 stated to have an average life of 15 years. Company has
traffic agreement by which It enters the cities of Cleveland and Toledo
over the tracks of the local street railway systems. In June 1911, through
service was inaug. between Cleveland and Lima via Sandusky and Fremont,
a distance of 165 miles. Also through service between Cleve. and Detroit.
Controls the Lorain Street RR. and the Sandusky Fremont to Southern
Ry., which sec below. In 1907 made contract to supply power to the
Toledo Findlay & Fostorla and several other roads. V. 85. p 1646
In 1910 charter was amended so as to transform the then exstlng 5%
oum, pref. stock of $3,000,000 Into 51.000,000 6% cum. , i prel and
$2,000,000 5% non-cum 2d pref. stock; V. 90, p. 698. A> the same
time accumulated dividends on old pref. stock (part of which had been
Issued later than the rest) were adjusted. V. 90, p. 1170, 1296; V. 91. p.
790.
On July 27 1912 Ohio Utilities Comm. auth. company to sell $116,000
additional gen. mtge. bonds. V. 95, p. 297. These are not lncl. In amount
outstanding below.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common, $4,500,000 (par51 0 0 )--------------$4,500,000 ...................
1st pt $1,000,000 ($100) 6% cum ___
y-J
1.000. 000 Oct. '12, 1 A
2.000. 000 No dlv. yet
2d pf $2,000,000 ($100) 5%n-c ........................
1,710,000 Jan 1 1923
1st con mtg, $4,000,0001 1903
5 g J-J
($1,000),
g
o
ld
.................c*i
lnt.
at
Citizens’
Sav.
to Tr. Co., Cleveland,
CLEVELAND PAINESVILLE&EASTERN RR.— (.See M ap on Page 36.)
\ Trustee, or Trust Co. of America, N. Y.
O R G A N IZ A T IO N . & c.— In corporated In Ohio on A p ril 25 1895. Road General mtge, $7,000,0001 1903
5 g F-A
2.255.000 Feb 1 1933
com pleted In J u ly 1908. Franchises expire fro m 1920 to 1035. In June
($1,000), g o ld .................c*l lnt. at Citizens’ Sav. to Tr. Co.. Cleveland,
1006 acquired c o n tro l o f the C lev. Palnesv. & A sh . R R . V.82, p.1322, 1379.
l Trustee, or company’s agency In N. Y.
On Jan. 25 1911 stockholders vo te d to lncreaso a uthorized stock fro m
897
5 g J-J "
750,000 July 1 1927
Lorain to Cleveland 1st,
t, gf 18!
$2,000,000 to $3,500,000. V . 02 p. 260.
Interest at Cleveland Trust Co., Trustee, or
___ ] Inti
($1,000), $1,000,000
S TO C K A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Co. of America, New York.
l Trust
T
S tock $3,500,000 (par $ 1 0 0 ).. .......
.................. $2,500,000
....................
T F to N 1st mtg, $1,500,000,1 1900
5gJJ
1,500,000 Jan 11920
F irs t m ortgage $500,000 gold f 1896
5 g A -O
500,000 A p r il 1 1916
g, guar ($500, $1,000). ,c * /ln t . at Union Trust Co., Detroit Trustee.
($1 000 each)__________ c * j In te re s t a t M o rto n T ru s t Co., N . Y ., or
Bonds.— Of the $4,000,000 first consols, $2,250,000 are reserved to retire
rlor liens; $40,000 have been canceled; $4,000,000 of the general mortgage
l Cleveland T ru s t C o., C leveland, Trustee.
per cents are reserved to retire the first consols and $745,000 for extensions
Consolidated mortgage $ 2 ,-f 1898
5 A -O
1,131,000 O ct. 1 1918
000,000 ($1,000) g o l d ------ 1 l n t . a t C itizens’ Sav. & T r. C o., Cleve.,
and lmpts., at 80% of cost. Neither Issue Is subject to call. A sinking fund
I Trustee, o r T ru s t Co. o f A m erica. N . Y . retiring $10,000 of llrst consols per annum commenced Jan. 1 1909 and runs
R cf’g and extension mtge $ 5 .-( 1908
5 g M -N
565,000 M ay 11048 until 1914. From 1920 to 1922, lncl., $30,000 bonds per annum are to be
000,000 gold ($1,000)— c M In t. a t C lev. T ru s t C o., C leveland, T ru s te e , canceled. The L. to C. bonds can be called after July 1 1917 at par and lnt
The T. F. to N. bonds can be called at 110 and lnt. on any int. date upon 90
l o r co m pa n y’s agency In New Y o rk .
Bonds.— O f the $2,000,000 consols a u th orize d, 3500,000 Is reserved days’ notice. A sinking fun d on the T. F. to N. bonds of $10,000 per annum
to re tire u n d e rlyin g liens. I t Is p rovided In new re fu n din g and extension commenced In 1905 and runs to 1909, lncl.: from 1910 to 1914, $20,000 per
m ortgage th a t rem aining consols ca nn o t be Issued. O f the re fu n d , and annum; 1915 to 1919, $30,000 per annum. $106,000 bonds are held In sk. td.
extension bonds, $165,000 are In tre a su ry, $1,631,000 are reserved to re tire
H en . — The T. F. to N. bonds are a first lien on the division between
p rio r liens, and $2,639,000 arc reserved fo r fu tu re extensions and Im p ro ve Toledo and Norwalk; the L. to C. bonds are a first lien on the road between
m ents, to be Issued o n ly when net earnings fo r preceding 12 m onths have Cleveland and Lorain; and the 1st consol, bonds a first lien on all other
been n o t less th a n 25% In excess o f Interest charges on o u tsta n d in g bonds, lines and also a second mtge. on the divisions noted above.
In clud in g those to bo issued. S ubject to call M a y 1 1938 or on a ny In te re st
Dividends.— Initial div. on 1st pref., 1H % , paid Oct. 1 1910; same
d a te ^th cre a ftcr a t par and lnterest^on 30 days’ n otice .
amount quarterly since to and Including Oct. 1912.
^
S
at
ts
o
5tf
H-*
o
>
3
>
C/3
39
ELECTRIC RAILWAYS
S e p t ., 1 9 1 2 .]
REPORT.— For years ending Deo. 31, not Incl. Lorain Street R R . nor
Sandusky Fremont & Southern R y. See report In V. 94, p. 413.
Net (after Other
Taxes). Income. Interest.
Dtvs. on
1st Pref. Surplus.
Gross.
Year__
1911.......... $1,009,639 $457,109 $25,000 $319,276 360,000 $102,833
1910
952,044 448,215
25,000
320,360 30,000
122,855
ROADT—Operates 172 miles, extending from Cleveland to Toledo
ana Sandusky, and from Sandusky to Norwalk; also city lines In Sandusky;
standard-gauge. 70-lb. rails. Through line from C eveland to Toledo was
opened for business about Aug. 26 1902. In addition owns the Sandusky
Fremont & Southern. 20 miles, and the Lorain Street R R ., 24.77 miles
making a total of 216.77 miles. 72 passenger, 5 baggage, 17 work and 47
frCOFFICc T R S .-P r e s !. 4E. W. Moore. Cleveland and N. Y ; V.-P., W . H
Price. Cleveland; V.-P. and Gen. Mgr., F. W. Coen, Sandusky, O.; Sec. and
Trcas John P. Witt, Cleveland.— V. 90, p. 110, 368. 372, 698, 1170, 1296;
V. 9 l i ’ p. 790; V. 92, p. 262, 457; V. 94, p. 413; V. 95, p. 297.
(1) Lorain Street Railroad Co.— A trolley road.
ORGANIZATION.— Incorporated In Ohio on Aug. 3 1906. and Is a con
solidation of the Lorain St. Railway and the Avon Beach & Southern R R .
Entire stock and $500,000 new consols owned by the Lake Shore Elec. Ry.
Operates on private right of way except three miles In Lorain and Elyria
on which franchises run until 1919.
STOCK AND BONDS Par. Date.
Interest. Outstanding. Maturity.
Stock. $2,000,000 __ $100 ...................... ....... $2,000,000 ..................
Lor. St. Ry. 1st M.,1 1,000 1894
6J-J
200,000 Jan. 1 1915
$200,000................./Interest Guardian Tr. Co., Cleveland, Trustee.
Lor. St. Ry. Cons.,1 1.000 1899 5 g M-N
550,000 Nov. 1 1949
M.. $750,000. gold) Int. at Guaranty Trust Co., N. Y ., Trustee.
Is* ’ consof.
mtge.j 1.000 1906 5 g J-J
500,000 July 1 1936
$2,000,000, gold, Int. at Clt. Sav. & Trust Co., Cleve.. Trustee, or
guar. ($ 1.000)..c»j
Agency In New York.
Bonds.— Of the $2,000,000 new bonds, $750,000 are reserved for prior
liens and $750,000 for extensions, etc. They are guar., prln. and Int., by
end. by the Lake Shore Elec. Ry.
.
EARNINGS.— For cal. year 1911, gross, $173,110; net, after taxes,
$80,397; int., $64,500; surplus. $15,897. In 1910, gross, $175,232; net,
after taxes, $78,795; int., $64,500; surplus, $14,295.
ROAD.— Operates 24.77 miles of track between Elyria, Lorain and
Beach Park. Standard gauge. 24 cars.
(2) The Sandusky Fremont & Southern Ry. . . . . . . .
_
, .
ORGANIZATION.— Incorporated In Ohio In April 1906. Is operated
as part of main line of Lake Shore Electric R y. between Cleveland and
Toledo. Lake Shore Electric R y. owns entire stock. Privaterlght of way.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Stock S2 000.000 .................. Owned by the Lake Shore Electric Ry.
1st mortgage,
$2,000,0001 1906
5 g J-J
$645,000 July 1 1936
gold ($1 000) guar___ c*i Int. at Clt. Sav. & Trust Co., Cleve..
I trustee, or at Agency In New York.
Bonds__Are guaranteed, prln. and Int., by endorsement, by the Lake
Shore Elec. Ry.; not sub to call. See V. 83, p. 1099.
EARNINGS.— For cal. year, 1911, gross, $67,727; net, after taxes,
$29,943: Int., $32,250; def., $2,307.
R O A D __Operates a line from Sandusky to Fremont, 20 miles. 14 cars.
— V. 83, p. 97, 1 0 9 9 . _______ _____________
CLINTON, IOWA.
CLINTON STREET RY.— Operates 15 miles of track In city of Clinton.
Main line franchises perpetual: others limited to 25 years from Nov. 1908.
72 to 80-lb. T rail. Stock $600,000 ($100). of which $599,800 Is outstand
ing. Funded debt consists of $400,000 ($1,000) auth. and out. 5% 1st M.
bonds (c&r), dated 1906, due Mch. 31 1926, Int. A. & O. at 111. Tr. & Sav.
Bk., Chlo., tr. SubJ. to call at 105. Earnings for 1911, gross, $143,782;
net, $62,428. In 1910, gross, $149,500; net, $68,200.
OFFICERS.— Pres., C. II. Young V .-P., D. Langan; Sec., A. L. Schuyer: Trcas., C. O. Coan; Gen. Mgr., Bernard Bohnsen.
COFFEYVILLE, KAN.
Bonds.— O frthe’ outstandlng 1st mtge. bonds of 1911. $60,000 are de
posited to guar. Int. on Canal Co. 6s. Of unissued bonds, $200,000 are
reserved to retire Canal Co. bonds and $4,846,000 for lmpts., additions,
acquisitions, &c., under certain restrictions. Bonds are subj. 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 lmpts., &c., against which no bonds
may thereafter be Issued, and beginning Dec. 15 1915 a further 1% for re
tirement of bonds. See V. 93, p. 229. Columbia Canal Co. bonds mature
$100,000 Jan. 1 1918 and $100,000 Jan. 1 1919.
Dividends.— First dlv. on pref.— 3% — paid July 1 1906; Jan. 1907, 3%
Subsequent dlvs. passed (all surplus being put Into property) until July
1911, when 1!4% was paid; same amount quar since to and Incl. July 1912.
EARNINGS.— For cal. year 1911, gross, $538,914; net, after taxes,
$272,199; Int. and rentals, $107,443; dlvs., $42,948; surplus, $121,808.
ROAD.— Operates 23.16 miles of track, of which 1.79 miles are leased.
50 cars. Also does all the gas, electric light and steam and hydro-electric
power business In Columbia.
OFFICERS.— Pres, and Treas., E. W. Robertson: 1st V .-P ., Henry Par
sons; Sec., It. Carlton 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.
COLUMBUS, G A.
COLUMBUS ELECTRIC CO.
ORGANIZATION.— Incorporated In Maine on Feb. 6 1903 and owns all
the securities of the Gas Light Co. of Columbus, the entire common and
$121,300 of the pref. stock (out of $350,000) 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) of the Columbus R R . Co., which companies do the entire street
railway and lighting and power business of Columbus and the adjoining
towns of Phoenix and Girard. Franchises perpetual. The freight lines
are leased to the Seaboard Air Line Ry. for 50 years from Oct. 17 1901 at a
rental of $7,500 per annum. $100,000 pref. stock Is held by the Public
Service Investment Co.
STOCK AND BONDS—
Dale.
interest.
Outstanding. M aturity.
Com., $1,500,000 ($ 1 0 0 ).......................................
$1,500,000 ...................
Pref., 6% , cum. aft. Jan. 11 ____
J-J
1,200,000 July’ 12.3%
1915 $1,200,000 ($ 1 0 0 )---/
1st coll. M.. $1,500,000 gold/ 1903
5 g A-O
758,000 Apr. 1 1933
($ 1,00 0)______________ c* lin t, at Old Colony Trust Co., Bost., Trustee.
Three-year notes. $1,000,0001 1911
5 J-J
1,000,000 July 1 1914
gold ($100, $500 &$1,000)/Int. at Commonwealth Tr. Co., Bost., Trust.
Col. R R . 1st mortgage,/ 1898
5 A-O
80,000 Oct. 1 1937
$450,000, g. ($1,000)...U n t at West End Trust Co.. Phlla.. Trustee.
Bonds.— The $1,500,000 new bonds of the Columbus Eleo. Co. are subject
to call as a whole at 105 & Int. $80,000 are reserved to retire a like amount
of Columbus R R . bonds. The remaining $370,000 Columbus R R . 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 dlv. on pref. stock, 3% , was paid Jan. 1007; 3% has
been paid semi-annually since to and Including July 1912.
ROAD.— Operates 25.9 miles of track, of which 5 miles leased to Seaboard
Air Line. 49 cars. Standard gauge. 40, 56 and 60-lb. rail.
EARNINGS.— For 12 months ending June 30 1912, gross, $516,440: net,
after taxes, $252,773; other Income, $74,880; Int., $187,378; sink. &lmpt.
funds, $34,288; balance, $105,987.
OFFICERS.— Pres., Charles F. Wallace; V .-P ., Harry H. Hunt; Sec.,
Alvab K. Todd1; Treas., Henry B. Sawyer; Gen. Mgrs. and Transfer Agts.,
Stone & Webster, Boston.— V. 82. p. 509; V. 83, p. 1590; V. 93, p. 163.
(1) Columbus Power Co.
ORGANIZATION.— Is a consolidation In March 1906 of the Columbus
Power Co., the Coweta Power Co. and the Chattahoochee Falls Co. Entire
com. stock and part of the pref. Is owned by the Columbus Electric Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Common, $1,500,000 ($100)................................
$1,500,000 ...................
Pref, $1,500,000, ($100) 6 %1
non-cum, red at 105---------/ --------------350,000 ---------------1st mtge, $4,000,000. gold.) 1906
5 g A-O
2,482,000 April 1 1936
guar____________________c/Int. at Commonw. Tr. Co., Boston, Trustee.
Bonds.— Of the $4,000,000 authorized, $1,518,000 are reserved for
future purposes. A sinking fund of 1% of bonds out began April 1 1912.
Bonds subj. to call as a whole (or In part for sink, fd.) at 110 and Int. on any
Int. date. Bonds are guar., p. &I., and s. f., by Columbus Elec. Co.
PLANT.—Controls by ownership or lease developed water power on
Chattahoochee River aggregating 11,500 h. p. Also owns steam plant of
3,000 h. p. In city of Columbus. Proposes to have an ultimate hydraulic
development of 75.000 h. p.—V. 82, p. 512.
O R G A I^Z^& IO ^^Incorporated Sept. 28 1906 In Kansas. Franchises
expire 1957. Road Is on private right of way except In Cofleyvllle and
Independence. Kangftg publ,0utility Commission granted authority to Issue
$350,000 2d mtge. bonds ($100,000 Issued). V. 93, p. 591.
STOCK AND BONDS.—
Date. Interest. Outstanding. Maturityo fnf>ir «\Q0 000
_______
________ $500,000 -------------- 1st mtge.. $l,obo',666, gold! 1907 5% J-J 1,000,000 Jan 1 1937
($1,000). sinking fund___ /Warren (Pa.) Trust Co., trustee.
Second mortgage--------------------------6%
100,000 - - - - - - - - - COLUMBUS, IN D .
Bonds.— 1st M. bonds arc red. ann. by lot at 105 and Int. beginning Jan. 1
1012, through s. f.; $6,000 have been retired. S. f. of 10% of net earnings
INDIANAPOLIS COLUMBUS & SOUTHERN TRACTION CO.— A
annually began In 1911. Int. at Nat. City Bk., N. Y.; Commercial Nat. trolley
road.
Bk., Chic., and Tradesmen’s Nat. Bk., Phlla. See V. 88, p. 1003.
In Sept. 1912 Increased Its auth. stock to $1,840,000, and, It was stated,
EARNINGS.— For year ending Dec. 31 1910, gross, $183,869; net (after had
arranged to lease Its road for 999 years to the Insull Interests, repre
taxes), $101,093, Interest, $30,731; surplus, $70,362.
by new Inter-State Public Service Co. V. 95, p. 680
ROA d .— Operates47'Amiles of road, of which 9/4 m. In Coffeyvllle,7m. sented
ORGANIZATION.— Formerly the Indianapolis Greenwood &Franklin
In Independence and 31 miles of lnterurban between Cofleyvllle. Indepen RR..
which company was Incorporated In Indiana In 1895. Name changed
dence and Cherry vale. 70-lb. T rail. Is building an extension from as above
In Jan. 1903.
Cofleyvllle to Parsons, 19 miles.
„
_
. ot ,
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
OFFICERS.— Pres., D. II. Slgglns. Warren, Pa.; Sec., II. A.Sigglns;
$910,000 ------- -------Treas., Sam. Q. Smith.— V. 90, p. 1172; V. 91, p. 590; V. 92, p. 120; Stock. $1,840,000.-.................................. - - - .........
1st mortgage, $1,000.0001 1903
5 g F-A
782,000 Feb. 1 1923
V. 93, p. 591, 1727; V. 95, p. 49.
gold ($1,000)___ w
______c */ln t. at Trust Co. of N. Amer., Phlla., Trus.
Bonds.— Cannot be called. $218,000 are reserved for exten. and lmp’ ta
at not exceeding $15,000 per mile. See V. 76, p. 654; V. 82, p.1212.
COLORADO SPRINGS, COL.
EARNINGS.— For year ending Dec. 31 1911, gross, $426,394; net, after
CO I OR ADO S P R IN G S * 1NTERURBAN RY.
,,
. ,
ORGANIZATION.— Incorporated In Aug. 1902 as a consolidation of the taxes, depreciation, &c., $167,547; Interest, $39,100; surplus, $128,447. In
Colorado Springs Rapid Transit Ry. and the Colorado Springs & Suburban 1910, gross, $418,287; net, after taxes, $177,095; interest, $39,100; deprecia
Ry. The consolidated company has Issued $1,500,000 stock, of which tion, $25,000; surplus, $112,995.
k ij AD. —Operates 62.38 miles of track between Indianapolis, Franklin
$500 000 pref
Bonds ($1,000, 5, M -S., due Sept. 1932, Cent. Trust Co.,
1er.
N Y trustee) auth . $1,500,000; issued, $1,000,000; $500,000 reserved for tnd Columbus and Seymour, of which 3 86 miles belon? to 1nd. I rao.
underlying bonds. Other information refused— “ Is a close corporation Co. Standard gauge, 60-lb. T rail. Mostly private right of way. It con
and has neither stocks nor bonds on the market.” Facts below relatesolely nects with Indianapolis & Louisville Elec. R y., thus forming a through line
from Indianapolis to Louisville.
to the oldColorado Springs Rapid Transit Ry.
OFFICERS.— Pres., Wm. G. Irwin; V .-P., L. X. Sweeney; Seo. &Treas.,
Hugh Miller; Gen. Mgr., Alex. Shane, all of Columbus, Ind.— V.77, p. 823;
STO OK*A N L>r BO N DS°Af Ues.°Daie. Interest. Outstanding. Maturity. V.
78, p. 1446; V. 82, p. 928, 1212; V. 86, p. 421; V. 95, p. 680.
Stock ( p a f l l 0 0 ) ............ - ........................................
$500.000 f .p . --------1st M $1,000 each 7^
1890
6 A-O
338,000
See text
Consol’ M $1,000 ea.l
27
1891
6g A-O
162,000 Apr. 1 1921
COLUMBUS, OHIO.
for $500000, gold /
Central Trust Co.. N. Y., Trustee.
COLUMBUS RY. & LIGHT CO.—Trolley and electric light.
Interest Is payable at Chemical National Bank, New York City.
P
ro
p
o
sed
R
eo
rg
a
n
iza
tio
n.— E. W. Clark & Co. having acquired control,
Consolidated mortgage limited to $500,000 by cancellation of $250,000 of
the bonds; $338,000 reserved for 1st mtge. First mtge. bonds matured In negotiations are In progress to rehabilitate the property, while nothing
dcllnltc relating to reorganization has been decided, any program contem
1910 but were not retired, and are held presumably by friends of the co.
plated Includes an assessment on stock (commonly reported to be 10% ). It
ROAD.— Owns 38 miles of track.
_
__
OFFICERS.— Pres., D. H. Rice; V .-P ., A. G. Sharp; Sec., W m . Lloyd; Is planned to consolidate all the companies and eliminate the lease arrange
ments. V. 95, p. 419, 297.
Treas.. C. S. Chamberlin.— V. 70. p. 75, 175, 328.
ORGANIZATION.— Incorporated In Ohio on May 12 1903 and acquired
under lease the Columbus Ry. Co. and the Columbus Edison Co. at a rental
of guaranteed dividends at the rate of 5 % per annum on the preferred stock
COLUMBIA, S. 0.
of the former and 6 % per annum on the preferred stock of the latter, and 5 %
COLUMBIA RAILW AY. GAS & ELECTRIC CO.
per annum on the common stock of each, the dividends on the common
ORGANIZATION.— Name changed from Columbia Electric Street of each company to commence Sept. 1 1903. Holders of common stock of
Rallwav Light & Power to the above on May 15 1911. V. 92, p. the two companies were allowed to subscribe to the stock of the uew com
1374. Is a consolidation on July 1 1905 of the Columbia Electric Street pany to the amount of their present holdings. 20% to be paid In cash and
Railway Light & Power Co. and the Columbia Water Power Co. The the remainder subject to call, but not more than 10% In any one year.
Irst mentioned was organized In S. Car. Jan. 61892 and was a consolidation See V. 76, p. 1142. Lease was slightly amended In Jan. 1906 (V. 82, p.
of the Columbia Electric & Suburban Ry. Co. and the Congarce Gas * 160) and bonds and stock of the Columbus Ry. Co. are to be taken by tne
Electric Co
Acquired the Columbia & Eau Claire Electric Ry. Owns all lessee at par In payment of advances made by the lessee for construction
the stock and bonds of the Columbia Gas Light Co., which Is also leased. and Improvement of property. In July 1906 the U. S. Court granted a
Operates under rights granted by State of So. Caro, (which owns the city perpetual Injunction restraining the city from enforcing an ordinance
streets), expiring Dec. 16 1941. Gasfranchises granted by State and city passed In 1904 reducing the charge for electricity. V. 83. p. 94, 323.
franchises covering all departments are without limit of time.
On March 4 1907 leased for 50 years the Columbus Traction Co., which Is
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity the successor to the Central Market Street R y.; for terms of lease see that
. ------------ $2,000,000 ...................
Com., $2,000,000 ($ 100)------- -------P re L .J l.000,000 6 % cum.j . . . .
Q-J
800.000J’ly’12.1 K % °°O n aSept.*14 1908 stockholders ratified lease of the Columbus Light, Heat
&Power Co., after the latter had acquired the property of the Cclumbus
Publlo Service Co.—see statement below. V. 87. p. 740.
Flret 0<mortgage* $7, 50o",o6oi 1911
5 J-J
2,454,000 July l 1936
Strikes.—A strike which tied up every car line In Columbus tor about a
gold ($500 & $ 1.000)-.-C *V lnt. at company s office or at Its agency In
) N.Y. Knickerbocker Tr.Co.,N.Y.,Trustee. week was settled on May 3 1910, on basis of an Increase of wages of 1 cent
an
hour, 2 cents having been demanded. V 90, p. 1238.
Col. Canal Co. mtge. $200,000 ___
6%
200,000
See text
I
40
ELECTRIC RAILWAYS
[Vol. lxxxxy
STOCK AND BONDS—
Date. Interest. Outstanding. Dividend.
Common, $12,500,000.......................
$8,000,000 .......................
Preferred, $12,500,000......... ............
................................
8,000,000 .......................
1st A ref. mtge. $15,000,000 1910
5 g J-J
4.200,000 Jan 1 1930
gold ($1,000)...................c Int. at Fidelity Trust Co., Phlla., Trustee.
Equip notes Series “ A ” $160, 1910
5 g J-J
128,000
See text
000 gold ($1,000)_______ c* Int. at Fidelity Trust Co., Phlla., Trustee.
Equip notes Series “ B” $130, 1911 5 g J-J
117,000 See text
000 gold ($1,000)...........c* Int. at Fidelity Trust Co., Phlla., Trustee.
Equip notes Series “ C” $120,-' 1912
5 g J-D
120,000
See text
000 gold ($1,000)______c* Int. at Fidelity Trust Co., Phila., Trustee,
Stock.— Preferred Is entitled to dividends of 2 % In 1908, 3 % In 1909, 4 %
in 1910 and 5% thereafter.
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 A 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. Series
A ’ equip, notes mature $8,000 seml-ann. commencing Jan. 1 1911.
Scries “ B equip, notes are 1st mtge. on 26 cars. They mature seml-ann.
{*7.000 Jan. 1 and $6,000 July 1) from Jan. 1 1912 to July 1 1921, Inch
All issues of equip, notes are guar., p. A 1., by end. of Ohio Elec. R y. Series
G equip, notes are 1st mtge. on 43 cars and mature $6,000 seml-ann.
beginning Dec. 1 1912.
EARNINGS.— For cal. year 1911, gross, from railway, $3,321,867; light
and power, $252,549: misc., $35,077; total gross, $3,609,493. In 1910,
gross from railway, $3,055,742; light and power, $229,815; misc., $21,578;
total gross, $3,307,135.
OFFICERS.— Pres., W. Kesley Schoepf; V .-P ., Dana Stevens: V .-P .,
J. B. Foraker Jr.; Sec. and Trcas., F. A. Healy; Asst. Sec. and Treas., Denis
J. Downing; Gen. Mgr., B. J. Jones.— V. 86, p. 338; V. 87, p. 38; V. 90,
p. 698, 850; V. 92, p. 323, 1500; V. 93, p. 230, 1534; V. 94, p. 1627; V.
95, p. 237.
(1) Columbus Interurban Terminal Co.
Entire stock owned by Ohio Elec. R y., which guar, bonds.
ORGANIZATION.— Incorp. In Ohio on May 24 1910. Owns and op
erates since Jan. 1 1912 passenger and freight terminal stations In Columbus.
STOCK AND BONDS— Dale.
Interest. Outstanding. Maturity
Stock $10,000 (5100)________ __________________
$1,000
First mtge $1,000,000 gold) 1910
5 g J-D
433,000 June 1 1935
($500) guar p & I---------- c*JInt. at Clt. Tr. & Sav. Bk.. Columbus, Trust
Bonds.— Remaining bonds reserved for 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 Trcas., F. A. Healy.— V. 92, p. 1564; V. 93, p. 1532, 1599.
12) The Indiana Columbus & Eastern Traction Co.— A trolley road.
Leased to the Ohio Electric Ry. Aug. 3 1 1907. Latter company guaran
tees Interest on bonds and 5% dlvs. on pref. stock, and owns entire com. stk.
ORGANIZATION.— Incorporated In Ohio on April 14 1906 and has ac
quired the Dayton Springfield & Urbana Elec. Ry.. the Columbus London
& Springfield Ry., the Columbus Grove City & Southwestern R y., the
Urbana Bellefontalne A Northern Ry.. the Springfield A Western R y., the
Dayton A Northern Traction Co., and about 12 miles of the Dayton A
Muncle Traction Co., extending from Greenville to Union City, on the
Indlana-Ohlo State line. Has also acquired the Columbus & Lake Michigan
RR., operating between Lima and Defiance; electricity for passenger, steam
for freight service.
Leases the Dayton & 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. Light
&Power Co. These leases were assigned to the Ohio Elec. Ry. Aug. 3 1 1907
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. n. 37.
STOCK AND BONDS—
Date. Interest. O
....................
utstanding. Maturity.
Common, $3,025,000 ($100)................................
$3,025,000
5%
1,000,000
See t xt.
Preferred, $1,000,000 ($100)..........
Gen and ref mtge (see text)) 1906
5 g M-N
6,150,000 May 1 1926
gold ($1,000)..................c ’ jln t.at Pa.Co.for Ins.onL.&G.A.,Phlla.,Trus.
Col Lon & Spg 1st mtge, $1,-1 1900
5 g A-O
500,000 Oct 1 1920
500,000, gold ($1,000)--c* j Int. at N. Y. Trust Co., New York, Trustee.
Day Spg
_ & Urb 1st mtge,)
_
1898
5 g M-N
750,000 Nov 1 1928
$750,000. gold ($1,000).../Interest at N. Y. Trust Co.. N Y.. 'I’rusteo.
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 $500,
000 are treas. bonds deposited with trustee and are available fqr extens. A
Impts. when net earns, are equal to 1 4 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 4 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 tnt. A sinking fund on these bonus
of 5% of gross earnings began with year ending Sept. 30 1906. See V. 71,
p. 963. The Day. Springfield & Urbana bonds arc subj. to oall at 110 and
Int. A sink, fund of 5% of gross earns, began in 1903.
ROAD.— Columbus to Orient, Columbus through Springfield to Day
ton, Dayton to Union City; Springfield to Lima, through Lima to Defiance,
Ohio, a total of 259.28 miles. Standard gauge. 5 power houses. 231 cars.
OFFICERS.— Pres., Dana Stevens: V.-Ps., D. G. Edwards and J. B.
Foraker Jr.; Sec., F. A. Healy; Treas., F. A. Healy.— V. 83, p. 37,
155, 380, 626, 1098; V. 84. p. 339: V. 85. p. 600; V. 86. p. 721: V. 87. p. 37.
(a) Daylon & Western Traction.—Trolley road.
ORGANIZATION.— Incorporated on June 26 1898. Was leased on June
15 1906 to Ind. Colum. & East. (V. 82, p. 1437). For terms, see below.
STOCK—
Dtv. Period. Outstanding. Last Dividend
Common, $900,000 ($100)________
Q-J
$747,500
Seo text
Pref, $850,000 ($100) 5% cum___
Q-J
850,000
Seo 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, 54% In 1908 and
6% thereafter.
ROAD.— Dayton, Ohio, to Richmond, Ind., 40 miles, with branch from
New Westvllle to New Paris, 24 miles; total, 424 miles. At Richmond
connection Is made with Terre Haute Ind. & East. Trac., thus making
a through line from Indianapolis, via Dayton, to Columbus, a distance of
184 miles. V. 82. p. 1437 V. 83, p. 36. 94, 379.
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.
(b) Columbus Newark & Zanesville Electric Ry. Co.— A trolley road.
ORGANIZATION.— Incorporated In Ohio on July 2 1902, and In May
1904
absorbed the Newark A Granville Street Ry. In May 1906 acquired
OHIO ELECTRIC RAILWAY CO.
the Columbus Buckeye Lake A Newark Traction Co., the preferred share
ORGANIZATION.— Incorp. May 16 1907 In Ohio. On Aug. 31 1907 holders being given $500,000 In pref. stock for their holdings. Also took
purchased the Lima & Toledo Trac. Co., which owned the line from Lima to over the Zanesv. Ry. Light & Power Co. and was then leased on June 23
Toledo, and leased the Lima Elec. R y. A Lt. Co., which operates in the city 1906 to the Indiana Colum. & East. Trac. Co. for length of franchise and
of Lima, and the Ft. Wayne Van Wert A Lima Trac., with a line from Lima, renewals thereof Rental Is Interest on bonds, an amount equal to 6% on
Ohio, to Ft. Wayne, Ind. Also acquired by lease the Indiana Col. & East. the preferred stock and $500 for organization expenses. V. 83. p. 625.
Trac., which company assigned to lt the leases of Col. Newark & Zanesville Private right of way from Newark to Zanesville; franchises on other lines
Elec. Ry. and Dayton & Western Trac. On Feb. 1 1908 purchased the expire 1925 to 1928. Entire common stock is owned by Ohio Elec. Ry. Co.
Cine. Northern Trac. (subsequently dissolved) and acquired from that com
In July 1912 Ohio P. S. Comm. auth. $250,000 gen. & ref. bonds (V .
pany its lease of Cine. Day. & Toledo Traction. On Dec. 31 1909 acquired 95, p. 47) Incl. in amt. outstanding below.
by purchase the Lima El. R y. & Light Co.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
In 1910 created a 1st & ref. mtge. (see below), $3,657,000, of which was Common, $1,525,000 ($100) . __
$1,525,000
_______
used to retire $2,250,000 1st mtge. bonds of Lima A Toledo Trac. and to Pf, 6% cum, $500,000 ( $ 1 0 0 ) .___
500,000
6 Q-J
See t"ext.
purchase the Lima Elec. Ry. A Lt. Co. subject to Its $1,250,000 out 1st mtge, $2,000,000, gold) 1004
5g MS
____________
_ -1 1924
1.250,000
Mch
standing bonds. V. 90, p. 850.
($1,000) .......................... c * / Int. at Knickerbocker Tr. Co., N. Y .. Trus.
Including city lines In Zanesville, Newark, Lima, Hamilton and other Gen & ref mtge, gold, $6,-( 1006
5 g M-N
1,204,000 May 1 1926
points, operating mileage Is 617.42 miles, extending from Zanesville on
250,000 ($1.000)....... ..-c*)In t. at Girard Trust Co., Phlla., Trustee
the east via Newark to Columbus (Including line from Columbus to Orient C B L & N 1st mtge, $1,500,-1 1901 5 g M-N
1,243.000 Nov 1 1921
and Buckeye Lake and Newark to Granville branches), thence through
000. gold ($1,000)........ c * /ln t. at Knickerbocker Tr. Co., N. Y .. Trus.
Sprngfield to Dayton, and from Dayton to Union City, where connection Is Zanesville Ry, Lt A Pow 1st) 1902
5 g A-O 15
750,000 Oct 15 1012
made with Indiana Union Trac. for Muncle, Anderson and Indianapolis,
cons mortgage, $1,000,000}lnt. at Cent. Tr. A S. D. Co., Cine., Trustee,
Ind , and from Dayton to Richmond, Ind., where connection Is made with
($500, $1,000). gold___ c*J or Trust Co. of America, New York.
T. H. I. A E. Trac. to Indianapolis. Extending north from Springfield
Registrar, Guardian Trust & Safo Deposit Co., Zanesville, Ohio.
through Urbana and Bellefontalne to Lima, and from Lima to Defiance; to Zanesv Elec 1st mtge. $250,-) 1899 4 g F-A
250,000 Jan 1 1919
Toledo, O., and Ft. Wayne, Ind.; also from Dayton to Cincinnati. Including
000, gold, subject to call [interest at International Trust Co., Boston
Germantown, Mt. Healthy and College Hill branches. Electric light and
after 1903. $1,000 each__cj Trustee.
power business Is conducted In cities of Zanesville and Lima, and steam Zanesville Elec Lt Co coupon/ 1901
5%
7,000 See text
heating plant In Lima. *
"
n o t e s -----------------------------) International Trust Co., Boston, trustee.
On July 24 1910 a new strike began which was attended by riots and
bloodshed and the destruction of many cars. This was declared off by the
strikers’ association on Oct. 18 1910, the company having won out. V. 91,
p. 1095.
STOCK—
Date. Interest. Outstanding. Dividends.
I 55.000.0001
Stock. 55,000.000 (5 1 0 0 )................
Quar. 120%pald!n.J July '10. H%
Notes 51. 000,000 g ($1,000)1 1911
5 g J-D
600.000 June 1 1914
guar p & 1 by Col Ry & L t./Trust Co. of Nor. Amer., Phlla., Trustee.
Notes are subj. to call at 101 and Int. Int. Is payable at office of E. W.
Clark & Co., Phlla. They are secured by deposit of 4,000 shares Col. Ry
com ., 2,000 shs. Col. Ed. com. and 3,250 shs. Col. Trac. pref. V. 93, p. 345.
EARNINGS.— Of Columbus Ry. & Light Co. for cal. year 1911, gross,
52,824,489; net, $1,321,432; charges, $1,233,012; dlvs., none; surplus,
$88,420. In 1910, gross, $2,396,028; net, $777,805; charges, $1,055,951;
dlvs., $112,500; deficit, $390,646.
Dividends.— First dlv. on Columbus Ry. & Light stock, 1% , was paid
Jan. 15 1906. and 1% was again paid July 16 1906; In 1907, Jan. 1. 1%;
July 15, 1%; and also 4% Oct. 1907. In 1908, 2% ; In 1909, 24%. In
1910, Jan. >4%; April, >4%; July, 4%\ none since. V. 91, p. 870.
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 and hot-water heating business of Columbus.
OFFICERS.— Pres., Samuel G. McMeen; 1st V.-P., Gen. Man. and T*'eas.,
E. K. Stewart: 2d V.-P., C. M. Clark; Sec. and Auditor, P. V. Burlngton,
Asst. Sec. and Asst. Aud., II. M. Burlngton.— V. 87, p. 740, 1478; V. 88
p. 1436, 1499; V. 89, p. 666; V. 90, p. 303, 502, 559. 1238; V. 91, p. 870,
1095, 1766; V. 92, p. 260; V. 93, p. 345; V. 94, p.278, 1249; V. 95, p.297,419.
COLUMBUS RAILW AY CO.
On Jan. 11 1912 stockholders voted to Increase stock to 58,000,000 by
Issuing $500,000 each of com. and prcf. to reimburse the Col. R y. & Lt. Co.
for additions. V. 94, p. 206; V. 93, p. 588, 44; V. 92, p. 1435.
STOCK* AND BONDS— Date.
Interest. Outstanding. Lastdlv.,Ac.
Stock, common, $4,000,0001
(S ep t.2 1912
($100) .....................
] ___
5 Q-M
$3,500,000)
14%
Stock, preferred, $4,000,000)
/A ug. 1 1912
5 Q-F
($100), 5 % cum guar_____ 1 ____
3,500,000)
14 %
5 ..g J-J
Col St Ry 1st, $4,000,000, 1892
___
3,000,000 July 1 1932
gold .................................c* Interest at E. VV. Clark & Co., Philadelphia.
Knickerbocker Trust Co.. N. Y ., Trustee
Crosstown 1st mtge, gold, gu, 1893
5 g J-D
572,000 June 1 1933
prln & ln t.................. ......c* Knickerbocker 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. VV. Clark &
Oct 1 1914 at 105 and Int.
Co., Philadelphia, or at company’ s office.
Bonds.— The Crosstcrwn Street Rg. 1st mtge. Is for $2,000,000, of which
$572,000 are outstanding: the rest have been canceled. Prln. 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. R \ 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 from time
to time In making extensions. Improvements and additions— $628,000 upoi
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 R y., $300,000 Issued under the clause providing for the retire
ment of 4% notes and $1,628,000 under the clauses concerning Improvem't?.
Franchises.— Circuit Court at Columbus, O.. on June 25 19U3 handed
down a decision sustaining the claim of the Columbus Ry. to perpetual
franchise rights on certain streets
V. 77. p. 35.
COLUMBUS EDISON CO.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity
Common ($100) $750,000 .................
5 Q-M
$750,000
See text
Pref 6 % cum ($100) $750,000..........
6 Q-J
750.000
See text
Col Elec 1st mtge, gold, g u a r .___
6 g M-N
450.000
Nov 1 1922
Col Ed El 1st mtge, gold. g u a r .___
5 g A-O
300.000
April 1 1929
Bonds.— Both underlying liens are guaranteed by Columbus Edison Co.
(1) Columbus Traction Co.— A trolley road.
ORGANIZATION — Incorporated In Ohio on Dec. 26 1906 and Is suc
cessor to the Central Market Street R y., sold under creditor’s bill In Feb
ruary 1906, subject to the $500,000 bonds. New company is leased to the
Columbus Ry. A Lt Co. for 50 years until 1957, rental being 5 % on pref.
stock; com. stock receives 1 % on Jan. 1 and July 1 1908 and Jan. 1 1909;
115 % on July 1 1909 and Jan 1 1910; 2% July 1 1910 and Jan. 1 1911 and
14% quarterly thereafter. The Col. Ry. & Light Co. owns $446,900 of
the pref. stock, leaving $53,100 in the treasury of Traction 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 s cent
cash transfer be Issued to all lines entering or using the Columbus London
& Springfield Ry. Co. Interurban loop.
STOCK AND BONDS—
Date. Interest. Outstanding Maturity.
_______
Common, $500,000 _________ _____
$500,000
Sec text.
Preferred, $500,000 _________ _____
_______
446,900
See text.
Cent Mar 1st mtge, $500,000,1 1902
5 g J-J
442,000 Jan 1 1923
gold ($1,000)..................c*JInterest at N. Y. Trust Co.. N Y ., Trustee.
Bonds.— A sinking fund of 5% of gross receipts began after 5 years
Entire issue Is subject to call after 5 years at 110 and interest. $58,000 have
been retired.
ROAD.— 13.3 miles of track, all in city of Columbus.— V. 84, p. 51,333
(2) Columbus Light, Heat & Power Co.
Lease.— Has been leased to Columbus Railway & Light Co. for 50 years
from 1908, with renewal privileges. Lease provides for 6 % on outstanding
bonds and preferred stock of company, and dividends on common beginning
In 1909 at 3% , 1910 4 % , 1911 and thereafter 5% quarterly. V 87, p.547
ORGANIZATION.— Incorporated Aug. 1 1908 In Ohio, and acquired
the property of Columbus Public Service Co. per plan In V. 87, p. 346, 547.
STOCK AND BONDS— Date.
Interest. Outstanding. 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
685,600 Feb 1 1924
$500 and $1,000) gold........./State Sav. Bk. & Tr. Co., Columbus, trustee.
Slock andBonds.— The preferred stock Is redeemable since Jan. 1 1912.
Interest on gen. mtge. bonds Is guar, by the Columbus Ry. A Lt. Go.;
$750,000 bonds are to be used to take up like amount of Col. Public Service
Co. bonds, the greater part navlng already been exchanged. $250,000 are
reserved for Improvements and extensions.— V. 87, p. 346, 547, 1481.
Se p t .
ELECTRIC RAILWAYS
1912. j
Bonds.— Of the $0,250,000 gen. A ref. bonds.$3,500,000 arc reserved to re
tire prior liens and $1,546,000 for betterm’ts and extensions. They are sub
ject to call after 5 years at 105 and Interest. Under terms of this mtge.,
none of the $750,000 1st mtge. bonds unissued can now be Issued. The
entire Issue of Col. New. A Zanesv. 1st 5s can be called at 110 and Int. on
any lnt. date. V. 80, p. 1234. The Col. Buck. L. A New. bonds arc sub
ject to call on any Int. date at 110 and lnt. on 3 months’ notice. Zanesville
El. Lt. con. notes mature $3,500 annually on Nov. 1.
ROAD.— Operates 96.70 miles of track from Columbus to Zanesville,
Including the city lines In Zanesville, Newark and Granville, and a branch
to Buckeye Lake. Standard gauge; 60 and 70-lb. T rail and 90-lb. girder.
Also owns amusement 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.; Secretary
and Treas.. F. A. Healy.— V. 86, p. 1589; V. 87. p 37; V. 95, p. 17.
(3) Lima Electric Railway & Light.— A trolley road
Acquired by purchase by Ohio Elec. Ry. Dec. 31 1909.
ORGANIZATION.—The company Is a consolidation completed Aug. 1
1900 of the Lima Ry. (Incorporated Nov. 5 1896) and the Lima Electric
Light & Power Co. Capital stook was Increased In Sept. 1905 from $850,
000 to $1,250,000. V. 81, p. 1100. Was leased July 1 1905 to the Lima A
Toledo Traction, which lease was assigned to Ohio Elec. Ry. Aug.31 1907.
STOCK AND BONDS.—
Date. Interest. Outstanding. Maturity.
$5,000 ...................
S tock,$5,000 ($100)____________ _____________
Lima Ry 1st mtge $200,0001 1896
5 g J-D
115,000 Dec 11916
gold ($500)____________ c ’ flnt. at Citizens’ Sav. A Tr. Co., Cleveland,
JTrustee;
also at Fourth Nat. Bk., N. Y .
Lima ElecLt A Power gold!
1900
5 g J-D
30,000 June 1 1917
1st M $85,000 ($1,000) __c*J Int. at Cleve. Trust Co., Clove., Trustee.
Lima Elec Ry A Lt gold lstf 1900
5 g J-J
260,000 July 1 1910
con mtge $300,000 ($500)c*( Int. at Cleve. Tr. Co., Cleve., Trustee, or
l Standard Trust Co., New York.
2d Consol mtge. $850,0001 1902
5 g A-O
350,000 April 1 1925
gold ($1,000) .................c*]ln t. at Fidelity Tr. Co., Buffalo, Trustee.
Lima Elec Ry & Lt Refund’gl 1905
5 g M-S
495,000 Sept 11925
mtge $1,250 000 gold____ /In t. at Girard Trust Co., Phlla., Pa
Bonds.—Of the (list con. mtge. gold 5s, $240,000 arc reserved to retire
the above two prior Hens. The Lima Ry. bonds may be called at par
on 4 weeks’ notice and the Lima Elec. Light A Power bonds may be
called on any Interest day on 30 days’ notice. Of the $850,000 2d consols,
$500,000 are reserved to retire a like amount of first consols These bonds
are a lien on the electric light and heating plant, as well as on the railway.
Cannot be called before maturity. Sec V. 75, p. 79.
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 .-P ., J. B. Foraker Jr., Cincinnati:
Sec. and Treas., F. A . Healy, Cincinnati.— V. 81, p. 155, 1100.
(4) Fort Wayne Van Wert & Lima Traction Co.— A trolley road.
ORGANIZATION.— On Mch. 1 1906 was leased, until expiration of fran
chises and renewals thereof, to Lima A Toledo Traction Co., which guaran
teed the bonds, p. A 1. V. 82, p. 691. Lease was assigned to Ohio Elec. Ry.
Aug. 31 1907. The latter company owns all the com. stock. Incorporate#
In Indiana and Ohio. Road Is entirely on private right of wey, except in
towns, where lt has 25 or 50-year franchises.
STOCK AND BONDS.—
Dale. Interest Outstanding. Maturity.
Common $1,000 000 ($100).........................- ........... $ 1,000,000 ..................
Pref $1,000,000 5 % n c ($100)______
_________
1,000,000 .......... .......
1st mortgage $2,000,000 gold) 1905
5 g J-J
1,470,000 July 11930
guaranteed ($1,000)
,c* JInt. at Fidelity Tr. Co. Phlla., Trustee.
Bonds.— Of the $2,000,000 bonds. $530,000 are reserved for extensions
and Improvements. V .8 2 ,p .6 9 1 . Are not subject to call.
ROAD.— 64 miles of track from Ft. Wayne via New Haven, Monroeville.
Convoy, Van Wert, Mlddlepolnt, Delphos and Ellda to Lima. Commenced
complete operation Nov. 15 1905. Connects at Ft. Wayne with the Ft.
Wayne A Nor. Ind. Trac. and at Lima with the Ohio Elec. R y., and forms
part of through line from Ft. Wayne to Toledo and to Springfield, Dayton
and Columbus. Standard gauge. 70-lb. T rail.
OFFICERS.— Pres., Dana Stcvons; V .-P., J. B. Foraker Jr.; Seo. and
Treas., F. A. Healy.— V. 82, p. 691, 804; V. 83. p. 37.
(5) Cincinnati Dayton & Toledo Traction Co.— Trolley road.
Leased to the Ohio Electric Ry. Co.; see terms below.
ORGANIZATION.— Incorporated In Ohio on May 19 1902, and Is a con
solidation of the Southern Ohio Traction Co., the Cincinnati A North
western Ry., the Mlamlsburg A Germantown Traction Co. and the Hainll
ton A Llndcnvvald Elec. Trans. Co. V. 74, p. 884, 1037. Franchises are
for 25 and 50 years. An Issue of $250,000 preferred stock was made In
April 1905 to take up floating debt. V. 80. p. 1362, 1478, 1728.
Lease.— Was leased to the Cincinnati Northern Traction Co. May 1 1905
for length of franchise and renewals thereof. Lease transferred to Ohio
Elec. Ry. Co. Feb. 1 1908. The lessee Is to pay all fixed charges. In
cluding Interest on the $1,500,000 bonds, and In addition it agrees to
pay $25,000 the first year, $37,500 the second year, $50,000 the third
year, $50,000 the fourth year, $62,500 the fifth year, $75,000 the Sixth year,
$87,500 the seventh year, $100,000 the eighth year, and an additional
$12,500 per year when the annual gross earnings of the lessee from operation
shall amount to $1,200,000, and Increasing at the rate of $12,500 per year
with each $100,000 of Increase In gross earnings, until the amount to be paid
Is $200,000; also $2,000 per annum for organization and office expenses
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Common. $5,000,000 ($ 1 0 0 ) ...........
J-J
$5,000,000
See text.
Pref., $250,000,5 % cu m ($ 1 0 0 )-----J-J
250,000 See text
Cln. Day. A Tol. 1st cons.l
1002 5 g J-J
2,700,000 July 1 1922
M.,$5,000,000,g.($l ,000) c*/Int. at Cleveland Trust Co., Trustee.
Southern Ohio Trac. 1st cons.
$2,000,000 ($1,000)gold, c* 1900
5 g M-N
1,350,000 May 1 1920
Interest at Clcv. Trust Co., Trustee, or at Standard Trust Co., N. Y
Gin. A Ham.Elec.1st g .($500)1
1898 6 g J A J
400,000 July 11918
$500 000, not sub. to call./In t. at CIt.Sav.ATr. Co., Cleve., Trustee.
Dayton Traction 1st M.,\ 1896
5 g J-J
250,000 July 1 1916
g. ($ 1,000), lnt. guar_.c*/Int. at Finance Co. of Penn., Phlla., Trustee.
Ham A Lindenwald Elect)
•Tran. 1st M. s.f. $250,000 g)
1901 5 g J-D
250,000 July 11922
($1 000); lnt. guar.. — c*J Interest at Cleveland Trust Co., Trustee.
Mlam. A Germ. 1st. guar.,1
1901 5 g J-D
50,000 July 1 1922
(.$50,000) g ($1,000)__ c*jlntcrest at Provident Sav. Bk. A Tr., Cln.
Bonds.— None of the Issues are subject to call. Of the $5,000,000 Cln
Day. A Tol. Trac. Issue, $2,300,000 Is reserved to retire prior liens. See
V. 81, p. 154.
Of the $2,000,000 So. Ohio Traction bonds, $650,000 are reserved to
retire Cln. A Dam. Electric bonds and Dayton Traction bonds. Issue
listed on Philadelphia Stock Exchange.
The Ham. A Lind. Elec. Tran, and Mlamlsb. A Germ, bonds originally
fell due Dec. 1 1911, but arrangements were made at that time to extend
them to July 1 1922. V. 93, p. 1386, 1387.
Dividends.— 5 % per annum Is paid on the pref. stock. On common divi
dends are being paid In accordance with terms of lease.
ROAD.— Owns 71.45 miles of track, connecting Cincinnati with Dayton,
Including the Germantown Mt. Healthy and College Illtl branches; also In
cluding the Hamilton City lines. Road between Hamilton and Dayton Is
being reconstructed on private right of way. 54 cars, 1 locomotive.
Carries freight and express.
OFFICERS.— Pres., Casper II. Rowe; V.-Ps., Theobald Fells and W. A.
Draper; Sec. A Treas., F. A . llcaly; Asst. Sec. A Asst. Treas., D. J. Down
ing, all of Cincinnati.— V. 81, p. 154.
CO LU M BU S D E L A W A R E
&
M A R IO N
R Y .— A holding com pany.
Receivership.— Receivers appointed by opposing courts have been con
tending for possession of the property, but Ell VVest (who was appointed by
Franklin County Court) has been In actual charge, while Geo. Whysail
(appointed by Marlon County Court) representing the Wcbb-Walkcr faction,
has not been In control at any time. V. 89, p. 847; V. 93, p. 162. On
Aug. 15 1912 Robt. W. Bingham filed a petition in U. S. Dist. Court for
appointment of a new receiver. V. 95, p. 480, 297. Int. on first refunding
bonds due Aug. 1912 Is in default, but will be paid by Feb. 1 1913.
In Nov. 1909 bondholders’ committee, with State Sav. Bank A Tr. Co.,
Columbus, as depositary, was formed to protect Col. Delaware A Marlon
Ry. 1st ref. mtge.: Col. Del. A Mar. Elec. RR. 1st mtge.; Col. N or.R y.,
41
Power A Equip. 1st mtge. and Marlon R y., Light A Power 1st mtge.,
which bonds are to be deposited. V. 89, p. 1347. In April 1912 another
committee was formed. V. 94, p. 1185.
Personal Judgment.— On May 13 1912 the Court of Common Pleas of
Green Co. gave a judgment to Receiver We3t against John 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. A Mar. R y. In
event of the guar, of that company being held valid on bonds of 3 sub. cos.,
viz.: $500,000 Col. Mar. A Bucyrus, $200,000 Mar. A West’n R y., Lt. A
Pow. and $250,000 Mar. A Suburb. Ry. V. 94, p. 1448 .
ORGANIZATION.— Incorporated In Ohio In Oct. 1904 and owns the
entire capital stocks of the Columbus Delaware A Marlon Elect. RR. ($1,000
000) the Marlon R y., Light A Power Co ($300,000) and the Columbus
Northern R y., Power A Equipment Co. ($300,000).
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Common, $2,100,000 ($ 100) ..................................... $2, 100,000 .....................
Pref. " A ” 6% cum. $500.000....................................
. .
Pref. “ B” 1 6 % cum $400,000 . .
. . . .
. .
1st ref mtge. $2,500,000,1 1904
5 g F-A
920,666 Aug. ‘l 1944
gold ($500 A $1,000)..c*J In t. at Bankers Tr. 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. No. Ry. P. A E. Co., the Marlon R y., Lt. A P. Co. and the C. D.
A M. Elec. RR.
EARNINGS.— For year end. June 30 1911, gross, $385,345; net, $161,
965; lnt., taxes, Ac., $157,662; surplus, $4,303. For year end. Aug. 6
1910, gross, $359,137; net, $152,752; lnt., taxes, Ac., $148,469; surplus,
$4,283.
OFFICERS.— Aud. for Recelv., A. F. Elkins; Pres., John G. Webb;
V.-P., O. M. Gotschall; Sec., Henry B. Hane; Treas., N. J. Catrow- Supt..
J. II. Lahrmer.— V. 89, p. 348, 528, 592, 847, 1347, 1541; V. 90, p. 372:
V. 91, p. 336; V. 92, p. 322, 1242; V. 93, p. 162, 286, 407, 1599; V.94, p.1185,
1448; V. 95, p. 297, 480.
(1) Columbus Delaware & Marion Electric RR.
Interest due Nov. 1 1911 was paid May 1 1912. Interest due May 1 1912
not paid.
ORGANIZATION.— Incorporated In 1901.
BONDS—
Date. Interest. Outstanding. Maturity.
1st *v'ortg., $1,000,000, gold/ 1901 5 g M-N $1,000,000 May 1 1921
($1,000) ......................... c*( Int. at Cleveland Tr. Co., Cleveland,
Bonds.— „See V. 75, p. 76. (Trustee, or Nat. Bank of Com. In N. Y.
ROAD.— Operates an electric railway over private right of way from
Columbus to Marlon, passing through Franklin, Delaware and Marlon
counties. Also 4 miles In the City of Delaware, a total of 57 miles. V. 80.
p. 117; V. 91, p. 945; V. 93, p. 1190.
(2) Columbus Northern Ry. Power & Equipment Co.
ORGANIZATION.— Incorporated In Ohio on Oct. 24 1904 to erect a
power house at Delaware and sub-stations to supply electricity for power
and heat. Receiver of Col. Del. A Marlon Ry. was authorized to borrow
money to pay Interest due Sept. 1 1909. V. 89, p. 592. Interest since
then has been paid.
BONDS—
Date. Interest.
Outstanding.Maturity.
1st mortgage. $300,000 gold) 1904
5 g M-S
$270,000 Sept. 1 1934
($1,000) ...........................c jln t. at Standard Trust Co., N. Y ., Trustee.
(3) Alarion Railway Light & Power Co.
ORGANIZATION.— Incorporated In Ohio on June 24 1903 and Is a con
solldatlon of the Marion Street Railway Co. and the Marlon Electric Light
A Power Co. July 1912 Interest was paid.
BONDS—
Date. Interest.
Outstanding.Maturity.
1st mortg., gold ($l,000).c*
/1904 5 g J-J
$300,000 July 1 1924
(Int. at Standard Trust Co., N. Y ., Trustee.
Bonds.— No sinking fund and bonds cannot be called.
.
ROAD.— 6 miles of track In Marlon Standard gauge. 60 and 80-lb.
rail.
COLUMBUS MARION & BUCYRUS RAILROAD CO.
Receivership.— On Sept. 9 1909 Geo. Whysail of Marlon and E. M. West
(who.was succeeded by F. E. Guthery) of Columbus were appointed re
ceivers. Defaulted on Interest due Sept. 1 1909. V. 89, p. 666. On
Dec. 3 1909 receivers filed an application to Issue $65,000 receivers’ certifi
cates for equip, and completing road. V. 89, p. 1541. $20,000 have been
Issued, of which $8,000 have been retired. In May 1912 suit was brought
to foreclose the mortgage, but up to Sept. 1 1912 no order had been made.
On Deo. 31 1910 shareholders, with view to lifting receivership, voted to
tniorease capital stock by an Issue of $100,000 pref. stock. V. 91, p. 1574,
1629; V. 92, p. 59.
ORGANIZATION.— Incorporated In Ohio on July 29 1905 to build from
Marlon to Bucyrus, Ohio, 18 miles. Put In operation In July 1908. 60-lb,
T rail.
STOCK AND BONDS—
Date. Interest. Outstmdlng. Maturity.
$500,000 ...................
Common $500,000 ____________
Preferred $100,000.....................
None __________
First mortgage $500,000 ($1,-1 1905
5 g M-S
500,000 Sept 1 1935
000) g o ld -------------------- c ’ j Interest at Troy (N.Y.) Trust Co., Trustee.
Receivers' certificates_________
14,000 _________
BON DS.—Sinking fund of $5,000 per annum begins Sept. 1 1910. Guar
anteed, prln. and lnt., by endorsement, by Columbus Delaware A Marlon
Ry. Cannot be called.
EARNINGS.— For calendar year 1911, gross, $34,417; net, $18,552;
bond lnt., $^5,000 (not paid); taxes, $1,256; lnt. on receiver's certs., Ac.,
$2,129; deficit, 59,833.
OFFICERS.— Pres., J. G. Webb; V.-P. Geo. LI. Holzbog; Sec.. H. B.
Hane; Treas., J. S. Webb.— V. 89, p. 666, 1541; V. 91. p. 1574, 1629;
V. 92, p. 59; V. 94. p. 1507.
MARION & WESTERN RAILW AY, LIGHT & POWER CO.
Default.— It Is understood Interest Is In default since Sept. 1906. Up to
Sept. 1912 no receiver had been appointed. Suit has been brought in
Federal Court at Cincinnati against the directors of the company for an
accounting of proceeds of bonds.
ORGANIZATION.— Incorporated In Ohio on Sept. 26 1906 to purchase
the Prospect Electric Light Co. and to build from Prospect to Rich wood,
Ohio, 7 miles.
STOCK AND BONDS— Date.
Interest. Outstanding. Maturity.
Stock $200,000 -------------------_______
$200,000 ...................
1st mortgage $200,000 gold) 1906
5 g A-O
200,000
1936
($500) ---------------------------/ Inte est at Cincinnati Trust Co., Trustee.
Bonds.— Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
OFFICERS.— Pres., N. J. Catrow; V .-P ., J. G. Webb; Treas., G. H.
Holzbog; Sec., J. S. Webb.
MARION & SUBURBAN RAILW AY CO.
Receivership.— Int. due Oct. 1 1909 Is In default. In Feb. 1910 Geo. Whysal! was appointed receiver. Suit has been brought against the directors
for an accounting of the proceeds of bonds.
ORGANIZATION.— Incorporated In Ohio Sept. 25 1906 to build the
necessary extensions of trackage to the local Marlon City lines demanded
by the city of Alarion. 1 H miles completed, none In operation; no work Is
being done.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Stook $250,000 ......................- ............................
$250,000 ........... .. . .
First mortgage $250,000 gold) 1906
5 g A-O
250,000
1936
($500) ................................./Interest at Cincinnati Trust Co., Trustee.
Bonas.— Subject to call after 1912 at 110. Sinking fund of $5,000 per
annum after 1912.
OFFICERS.— Pres., Geo. H. Holzbog; V .-P ., J. G. Webb; Treas., N. J.
Catrow: Sec., H. B. Hane.
COLUMBUS NEW ALBANY & JOHNSTOWN TRACTION CO.— A
trolley road.
In Aug. 1912 negotiations for sale of road were under way.
ORGANIZATION.— Incorporated In Ohio on May 4 1899. In May 1905
canceled old mortgage for $200,000 and made the new mortgage In table
below. V. 80, p. 2399. Franchises are for 25 years.
ELECTRIC RAILWAYS
42
STOCK AND BONDS—
Date. Interest.
Com., 5400,000 ($100) .............................................
Pref. (6% cum .). $ 2 0 0 ,0 0 0 )...............................
Outstanding. Maturity.
$354,000
200,000
...................
...................
($100) ........................................ /
1st mtge., $450,000 gold ( 1005
5 g J-J
440,000 Jan. 11925
($500 and $1,000)______ ( Int. at Columbus Sav. & Trust C o., Trustee,
l
or Its agency In New York.
R EPO RT.— For cal. year 1910, gross, $56,014; net, $27,490; taxes,
rentals, &o., $17,683; surplus, $9,807.
ROAD.— Operates 8.8 miles of track from Columbus to Gahanna, Includ
ing perpetual lease ot 2V
i miles of tracks of the Columbus Ry. as terminal;
gauge, 5 ft. 2 In.; 65-lb. T ra il— V. 82, p. 1211; V. 91, p. 1160, 1629;
V. 92, p. 1032, 1498.
SCIOTO VALLEY TRACTION CO^-Thlrd rail.
ORGANIZATION.— Incorporated In Ohio, with a perpetual charter. In
1904. Built on private right of way. Franchises extend beyond maturity
of 1st mtge. bonds. In 1908 canceled $2,000,000 mtge. of 1003 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).
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Com., $1,800,000 ($ 100) ...........................................$1,800,000 .....................
1st pref, $500,000, 5% cum.............
Q-J
300,000 JulyT2, 1 K
Pref., $1,200,000 5% c u m . ) ____
Q-J
1,200,000 July T 2, IK
[V O L . LXXXXV.
Bonds.— Of the first consolidated bonds of 1892 of the C. N. & C. R y .,
$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
flrst consols. Interest on those bonds Is payable at the National Bank of
Commerce. New York. First National Bank, Cincinnati, andjGerman Nat
ional 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 4Vi% Is being paid. On common stock
first dividend of V
i% was paid July 15 1907 and H% Oct. 15 1907. In
1908. 3 H % : In 1909, 3 H%: In 1910, 4 K % ; in 1911, 4 K % : in 1012. Jan.,
1 K % ; April, 1 K %; July, 1% % .
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 O. 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.
DALLAS, TEXAS.
DALLAS ELECTRIC CORPORATION.—Trolley.
ORGANIZATION.— Incorporated In New Jersey In 1902. Does an
electric railway and electric lighting business In Dallas by virtue of the
( $ 1 0 0 ) ...................................
ownership of securities of certain local companies Franchises of sub
1st mtg, $4,000,000, gold) 1908
5 M-S
1.600,000 Sept 1 1923 sidiary companies expire In 1922. See V. 84, p. 157. Shareholders In
($1,000) ...........................c* ilnt. at Harris Tr. & Sav. Bk., Chic..Trustee. July 1909 authorized an Issue of $2,000,000 first pref. stock and It was
Bonds.— The remaining $2,400,000 of 1st mtge. bonds can only be Issued sold In blocks of 10 shares of first pref.and 4 shares of common for $925,
for 75% of cash expenditures, and for permanent extensions and additions V. 89, p. 224. For decision on occupation tax on Dallas street railways,
to property, and only when net earnings are twice the Interest charge on see V. 89, p. 41.
outstanding bonds and those to be Issued. Bonds have a sinking fund of
In July 1912 the Dallas Consol. Elec. St. Ry. made application for a re
1% per annum on bonds out 1913 to 1917, thereafter 2% per annum. hearing in suit to enjoin the canvass of votes at special referendum election
They are not subject to call. See particulars, bonds, property, &c., In held April 2 1912 on ordinance prescribing rates of fare In Dallas. V. 95,
p. 113. Up to July 1912, It was understood, no action In regard to
V. 87, p. 679.
Dividends.— Dividends on old Issue of pref. stock were to accrue from canvass had been taken.
Oct. 1 1905, but amounts due Jan. 1 1906 and April 1 1906 were relinquished
Outstanding. Maturity.
STOCK AND BONDS—
Date.
by shareholders, and 1st dlv. (1 K % ) was paid July 1906 and 1M% Oct. Common
$2,870,000
($100)...............
1906. V. 82, p. 1440. 1907 to 1911. Inclusive, 5% per annum. In 1912, First pref$3,000,000
$2,000,000 6% cum.
Jan., 1 K % ; April, 1 K % ; July. 1 K % 2.000.
000 Apr’ 12. 3%
A-O
1 00 )........................................................
EARNINGS.— For 12 months ending June 30 1912, gross, $435,331; net, 2d($
2.000. 000 Apr ’ 12, 2 V
i
pf $2,000,000 5% n-c ($ 1 0 0 )____
A-O
$187,467; lnt. & taxes, $96,485; dlvs., $75,000: surplus, $15,982.
3,595,000 April 1 1922
5 g A-O
collat trust mtge $4,000,/ 1902
ROAD.— Operates 72 miles of track from Columbus to Lancaster and First
000, gold ($100, $1,000).c*)In t. at Old Colony Tr.C o., Boston. Trustee
from Columbus to Chllllcothe. Is operated by third-rail system. Standard Notes $3,500,000 gold ($500) 1912
5 F-A
1,000,000 Feb 1 1917
gauge, 70-lb. T rail. Within city limits of Columbus company operates over
and $1,000)___________ c*/In t. at American Trust Co., Boston, Trustee.
tracks of Columbus Railway &Light Co. under operating agreement.
S
to
c
k
a
n
d
B
on
d
s
.—
First
pref.
Is
redeemable
on
and
Oct. 1 1912 at
OFFICERS.— Pres, and Mgr., Frank A. Davis; VIce-Pres. and Treas., 105 and accumulated dlvs. $130,000 com. stock Is Inafter
treasury. Sinking
Edwin R. Sharp; Supt., C. Skinner.— V. 81, p. 32, 778, 1551, 1661; V. 82, fu
nd 1% per annum of bonds out, $355,000, were held In sinking fund In
p. 101, 1158, 1440: V. 87. p. 481, 615, 679; V. 91, p. 871.
July 1912. Bonds can be called as a whole on anyint.date at 105 and lnt.
$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 lnt. on any Int. day on 30
CONCORD, N . H .
days’
notice. No further mtge. can be placed on property without equally
CONCORD STREET R A IL W A Y — A trolley road extending from the
the notes with the other obligations to be secured thereby. V. 94,
central wards of Concord to Penacook. Comprises 12.71 miles of track. securing
p.
416.
In June 1901 control passed to the Boston & Maine R R ., and In 1903 the
D
ivid
en
.— On present 2d pref. (formerly “ pref.” ), In 1905, 2Vi%‘, In
New Hampshire Legislature authorized the Concord & Montreal R R ., 1906,5% : ds
1907, April, 2 Vi%: none to Oct. 1909, when 2% was paid:
which Is leased to the Boston & Maine, to purchase the property and to 1910, April,Innone;
Oct., 1%. In 1911, 5% . In 1912, April, 2 Vi%.
Issue stock and bonds to pay therefor.
EARNINGS.— For 12 mos. ending June 30 1912, gross, $1,709,020; net,
after taxes, $603,602; lnt., $224,344; sink, fd., $35,508; balance, $343,750.
CORNING, N . Y .
ROAD.— Owns and operates 01.9 miles of track In the city of Dallas and
CORNINQ & PAINTED POST STREET RY.— A trolley road.
suburbs. Ralls, 45 to 91 lbs. 164 cars. Standard gauge.
ORGANIZATION.— Incorporated Dec. 11 1894. Commenced Nov. 1
OFFICERS.— Pres., Marshall M. Phlnney; V.-Ps., Robert T. Paine 2d,
1895. Control changed hands In 1904. V. 80, p. 162.
G. L. Weymouth and Edward Byrnes; Treas., Henry B. Sawyer; Sec.;
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity. Clement
Ford. Stone & Webster, Boston, Managers and Transfer Agts.
Stock, $100,000 ($ 100) ...................
.............
$ 100,000 1905-06,4% — V. 89, R.
41, 224, 778; V. 91, p. 945; V. 93, p. 871; V. 9-1, p. 410, 910.
1st mortgage, $100,000........./ 1896
5 J-J
100.000 Jan 11916 V. 95, p.p.113.
I
Interest at Beacon Trust Co., Boston.
EARNINGS.— For year ending June 30 1912, gross, $62,016; net,
TEXAS TRACTION CO.— A trolley road.
$18,467; other Income, $333; Interest, taxes, &c., $12,629; surplus, $6,171
ORGANIZATION.— Incorp. In Texas on Sept. 25 1906. Franchises ex
ROAD.— Owns 5.9 miles of track, from Corning to Painted Post. 14 cars
In 1956 on streets and highways; rest of road built on private right of
OFFICERS.— Pres., J. L. Greatslnger, Brooklyn, N. Y. V -P ., Craig pire
way.
Graves, New York; Sec., K. V. Dougherty, New York; Tre<-s., B. A.
On Apr. 16 1911 the Texas Trac. Co. acquired all the properties of the
Van Tassel! Jr., N. Y .; Compt., Chas. McCloud, N. Y .— V. 80, p 62
Denison & Sherman Ry. Co., consisting of an Interurban railway between
Sherman and Denison and city lines In both those cities. V. 92, p. 463.
CORTLAND, N . Y .
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
CORTLAND COUNTY TRACI ION.— Trolley.
............
Common $2,000,000 ($100).......................................$2,000,000
ORGANIZATION.— Is a reorganization on Juno 22 1901 of the Cortland Pref $1,000,000 6 % cum ($ 100)............................... 1,000,000 N ov.' l l , 1 Vi
& Homer Traction, sold at foreclosure on April 23 1901. In June 1905 ab First mtge sinking fund $3,-/ 1907
5 g J-J
2,000,000" Jan. 1 1937
sorbed the Cortland & Homer Electric Co., previously controlled. Fur
000,000 ($1,000) g __ c*& rllnt. at Old Colony Trust Co.. Boston. Trust.
nishes 184 arc lights to the cities of Homer and Cortland and also light to 2d mtge. $500,000 ($1,000).. 1911
8 A-O
400,000 Apr 1 1916.
the public. Carries coal and freight as well as passengers. In May 1907 Den & Shcr first mortgage,) 1902
5 J-J
268,000 July 1 1927
was granted permission to Increase the capital stock from $320,000 to $1,
$350,000 ($1,000)______c*/In t. at Harris Trust & Sav. Bk., Chic., Trus.
000,000 and to make a new 1st and refunding mortgage of $2,000,000 for Den &Sher second mortgage) 1911
6 A-O
185,000 April 1 1916
the purpose of retiring all outstanding Indebtedness and for extensions
$185,000 ($1,000)............ . / l n t , at Western Tr. & Sav. Bit., Chic., Trus.
Bonds.— Of the $3,000,000 Texas Trao. 1st M. 51,000,000 Is reserved tor
and equip.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity. future Impts. and extensions. Bonds can be called at 110 and accrued
Stk., common, $320,000 ($ 1 0 0 ).......
.............
$320,000 ................... Interest on any Interest date upon 30 days’ notice. A sinking fund of 5 %
f 1901
4 g A -0
180,000 April 1 1920 of gross earnings, began July 1 1912, to be used In the purchase of bonds.
First mortgage, $180,000 County Sav. Bk. & Tr. Co., Scranton, Pa.,Tr. Tex. Trac. 2d mtge. bonds can be called on any Int. day at par and Int.
($500) gold____________ c*|Interest at company’s office. No sinking fd. Den. & Sher. 1st mtge. bonds are sub. to call on July 1 1917, or after, at 105
I Can be called on 6 months notice.
and lnt. A sink. fd. began July 1 1905 of 2% per ann. of bonds out until
New mortgage, $500,000, gl 1905
5 g F-A
320,000 Aug 1 1935 1913, when amount payable Is 3% per ann. until 1917: from 1918 to 1922,
($500 and $1,000)______cj Interest at Empire Trust Co., N. Y ., Trustee.
lncl., 4% per ann.; 1923 to 1926, incl., 5% per ann. $50,000 are held In s. f.
1st & ref mtge $ 2 ,000 ,000 .../ 1907
5 J-D
105,000 June 1 1957
Dividends.— Initial dlv. on pref.— 1 Vi% — paid Mch. 15 1911; July, 1 Vi:
lin t, at Trust Co. of Amer., N. Y ., trustee.
Nov., 1 Vi%■
Bonds.— Of the $500,000 Issue of 1905 $180,000 are reserved to retire
EARNINGS.— For year ending June 30 1912, gross, $524,320; net, $183,
prior liens. They are subject to call at 105.
int., taxes, &c., $175,250: bal., $7,770.
ROAD.— Operates 15.92 miles of track between Cortland, Homer, Little 020;
ROAD.— Operates an Interurban line between Dallas and_Denison, 76
York and Preble, and between Cortland and McGrawvllle; 33 cars.
also 8 miles of city lines In Denison, Sherman and McKinney. En
EARNINGS.— For fiscal year ending June 30 1912, gross, railway. miles;
$83,355; net. railway, $27,084; net from other sources, $16,228; total net ters Dallas over tracks of Dallas Consolidated Street Ry. Standard gauge.
70 and 80 lb. T rails. 45 cars.
,
Income, $43,312; charges, <%c . $34 537: surplus, $8,775.
OFFICERS.— Pres., J. F. Strickland: V.-Ps., J. S. Heard, W. R,
OFFICERS.— Pres., D. W. Van Hoesen: V .-P ., Edw. fl. Brewer; Sec., Brents:
V.-P. & Treas., Osce Goodwin; Sec., Jas. P. Griffin; Gen. Mgr.:
G. H. Garrison; Treas. and Gen. Mgr., Edwin Dutfey.— V. 81, p. 507. R.
B. Stlchter. Office, 1316 Commerce St., Dallas.Texas.— V.84. p. 627;
V. 87, p. 98; V. 88, p. 824; V. 92, p. 463, 1567; V. 93, p. 1192, 1535.
COVINGTON, K Y .
CINCINNATI NEWPORT & COVINGTON LIGHT & TRACTION CO.—
A trolley road.
Lease.— Was leased from April 1 1907 to the Columbia Gas & Electric Co.
(Incorporated In Ohio) for 45 years. The lessee guarantees Interest on
bonds and 4Vi %per annum on preferred stock. On common dividends are
to be 3 % for first year. Increasing Vi % 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.
ORGANIZATION.— Incorporated under 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 Railway.
V. 74, p. 576. The latter was organized In 1892 to buy up and consolidate
•11 the roads on the Kentucky side of the river opposite Cincinnati.
The Cincinnati Covington & Erlanger Street Ry. (providing for an exten
sion to Erlanger, 7H inlles), Incorporated Sept. 1899 with $250,000 stock
(shares, $50), Is controlled and Is being built out of proceeds of sale of the
pref. stock of the new company. About 3 miles have been completed.
Interest. Outstanding. Maturity.
STOCK AND BONDS—
Q-J
$5,000,000 Julyl5’ 12,l %
Common $5,000,000 ($100)__
Preferred 4 K % non-cum $5,-j
4,500,000 Julyl5’ 12,l V
i
4Vi Q-J
000,000 ($100).........................J _____
UnderlyingBonds—
So Cov &Cin cons M $500,000) 1892
6 g J-J
150,000 Jan 1 1932
gold ($500— $1,000).......... /Covington Sav. Bank & Trust Co., Trustee.
Newp & Day St Ry 1st M___ 1887
6 F-A
100,000 Aug 1 1917
Cincinnati Newport &Covington—
1st con,sol mtge, gold. $3,-1 1892 5 g J-J
$2,750,000 July 1 1922
000,000 ($1,000)____ c*&r/Farmers’ Loan <&Trust Co. of N. Y ., Trustee
2d mortgage, $1,000,000, g,l 1806 5 g J-J
600,000 July 1 1922
($1,000 each)...... ............. c/Farmers’ Loan & Trust Co., N. Y. Trustee.
UnionLight Heat <fc PowerCo.—
f 1001
4 g M-N
1,608,000 May 11918
1st mtge, $2,000,000, gold) Int. at Nat. Bank of Commerce, N. Y.; First
($100, $500 and $1,000)c<5crI National Bank, Cincinnati, or at German
l National Bank, Covington.
DALLAS SOUTHERN TRACTION CO.
ORGANIZATION.— Incorp. on Aug. 10 1911 in Texas. Will own and
operate an Interurban railway, 27 Vi miles, now under construction, between
Dallas and Waxahachte, and will have entrances and terminals In both cities.
Private right of way except In cities and towns. In which case franchises
expire In 1961.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Common $1,000,000 ($100).............................- - $ 1, 000,000 ...................
Pref $1,000,000 ($100) 6 % ) ____
A-O
500,000 ...................
cum after April 1 1915___ /Redeemable at 110.
First mtge $2,000,000 gold) 1911
5 J-D
850,000 Dec 1 1941
($500 and $1,000)___ o&r/Int. at American Trust Co., Boston, Trustee.
Bonds.— First mtge. bonds are subject to call as a whole or in part for
sinking fund at 105 and int. on any lnt. day. Sinking fund 1% annually
of bonds out, payable June 1 and waivable until 1917.
ROAD.— Is constructing a line between Dallas and Waxahachle, 27V
i m.,
Ps., Russell Robb and
Henry B. Sawyer; Gen.
Mgrs., Stone & Webster Management Assn., Boston.— V. 91, p. 123.
SOUTHERN TR A CTIO N CO.— A trolley road
ORGANIZATION.— Incorp. on March 27 1912 In Texas. Is construct
ing a line from Dallas to Waco, and from Dallas to Corsicana; total, 134
miles. In Nov. 1911 subscriptions were received at $85 per 5100 share for
7% pref. stock: payments to be made 10% on demand, 30 days after con
struction has commenced, remainder In 10% installments as called at least
30 days apart.
V. 93, p. 1464.
Has taken over the Waco Street Ry. Co., which company had acquired
In 1911 the Citizens’ Ry. Co. Owns and operates entire street railway
business In Waco. Also owns real estate In heart of business district of
Waco.
In May 1912 entered Into a 50-year contract with the Texas Pow. &
Lt. Co., under which the latter company will supply all the power for the
Southern Trac. Cos. lines. V. 94, p. 1567.
Sept.. 1912.]
STO C K A N D BON DS—
Date.
Interest. Outstanding. M aturity
C o m m o n $ 5 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . - - ------------------$ 5 ,0 0 0 ,0 0 0 ............... ..
P f $ 2 ,5 0 0 ,0 0 0 ($100) (see te xt) ------------------2 ,0 0 0 ,0 0 0 ------------------F irst m tg e $ 7 ,5 0 0 ,0 0 0 g o ld ) 1912
5 g J -D
5 ,0 0 0 ,0 0 0 Ju n e 1 1942
( $ 1 , 0 0 0 ) _________________ c * / I n t . a t S t. L o u is U n ion T r . C o ., S t. L ., T ru ste e
S e c o n d m o r tg a g e $ 5 0 0 ,0 0 0 -------------5 00 ,000 30 years
Stock.— P r c f. s to c k Is 7 % cu m . fro m 1 y e a r a fte r ro a d Is In o p e r a tio n .
Bonds.— R em a in in g $ 2 ,5 0 0 ,0 0 0 b o n d s are fo r e x te n s . an d Im pts. un d er
c e r ta in restriction s. SubJ. to call at 102 'A an d ln t. o n o r a fte r Ju n e 1 1915
an d also fo r sic. f d . on or a fte r O ct. 1 1918 a t sam e p rice .
B o n d s t o b e h eld
a liv e In sk . fd .
S k . fd . o f 1% per an n . o f b o n d s o u t b egin s In 1918. V .
95, p . 421 .
I n t. Is p a y a b le a t o ffic e o f trustee o r In N e w Y o r k .
R O A D .— O w ns an d operates 17 m iles o f tra ck In W a c o .
O F F I C E R S .— P res., J . F . S trick la n d : V .- P . & T r e a s ., O sce G o o d w in :
S e c ., Jas. P . G riffin .— V . 92, p . 1566; V . 93, p . 46, 164, 230, 1464; V . 94,
p . 1187, 1567; V . 95, p . 421.
D A N B U R Y , CONN.
DANBURY & BETHEL STREET RY.
O R G A N I Z A T I O N .— In c o r p o r a te d M a y 7 1886 u n d er th e law s o f C o n
n e c t ic u t .
H as a p erp etu a l sp e cia l ch a r te r , th e o n ly s treet c a r co m p a n y
s e r v in g th e c it y o f D a n b u ry an d to w n o f B eth el. Its lines also e x te n d to
t h e D a n b u r y F a ir G rou n ds an d th e pleasure resort o f L a k e K cn o sla .
In
M a y 1903 th e S ta te L egislature au th o riz e d an Increase o f $30 0,00 0 o f c a p ita l
s t o c k t o p r o v id e fo r e x ten sio n s.
STO C K A N D BON DS—
Date.
Interest. Outstanding. Last dlv , Ac
S t o c k $62 3,00 0 (par $ 2 5 )....................
J-J
$32 0,00 0 J a n .’ 1 2 , 2 %
F irst m tg e $20 0,00 0 g o ld ........... 1894
5 g M -N
200 ,000 M a y 1 1914
C on sol m tg e $30 0,00 0 g o ld I
1906 5 g M -N
100,000 M ay 1 1936
($500 an d $ 1 ,0 0 0 )..................l i n t , a t A m e rica n T ru st C o ., B o s to n . T ru s te e .
D eb en tu re
b on d s
$75,0001 1908
6 M -S
7 5 ,000 M ch 1 1918
($1,000 an d $ 5 0 0 )________ c / l n t . a t C ity N a t. B ank o f D a n b u r y .
D eb en tu re b on d s $150,000 ___ 1911
-----------------7 5,000
1921
Bonds.— O f th e $300,000 c o n s o l, m o rtg a g e , $20 0,00 0 Is reserved t o retire
th e 5s d u e 1914. T h e 1908 d e b s , are re d . a t 105 an a n y ln t . d a te a fter due
n o t ic e .
O f th e 1911 d e b s ., $75 ,000 are reserved fo r like a m o u n t o f d e b s ,
o f 1908.
Dividends.— In 1896-97, 4 % ; In 1897-98, 4 % ; In 1898-99, 2 % ; In 1899
1900 1 H % ; In 1900-01, 1 A % : In 1901-02, 3 % : In 1902-03. 3 % : In
1903-04, 1 'A%\ 1007 to 1911, Inch, 4 % a n n .; in 1912, J a n ., 2 % ; J u ly , n on e.
R O A D .— T r o lle y roa d In D a n b u ry , and fro m D a n b u ry to B e th e l, an d to
.L ak e K en osia, 15.031 m iles In all; sidin gs, A c ., 1.044 m iles; to ta l, 16.075
m iles. 42 passenger an d 7 o th e r cars. S ta n d a rd g au g e.
R E P O R T .— F o r y ea r e n d in g Jun e 30:
Gross.
Net.
Int. * Taxes. Divs.
Balance
1 9 1 1 - 1 2 __________ $138,023
$40 ,029
$31,814
$ 6,400
s u r .$ l,8 1 5
4 3 ,1 7 5
3 0,147
12,800
su r.
228
1010-11 ................. - 140.428
O F F I C E R S .— P res.. A rth u r E . T w e e d y ; V .- P ., Dr E . A S tra tto n :
S e o . a n d T r e a s ., M . I I . G rillin g .— V . 86, p . 1159.
D AVEN PO RT, IO W A .
IO W A & IL L IN O IS R Y .— A tro lle y ro a d .
O R G A N I Z A T I O N .— In co rp o ra te d In Io w a In S e p te m b e r 190 1.
Is an
e lectric roa d , w ith a steam charter
Franchises e x p ir e In 1951.
H a v in g co m p le te d Its fre ig h t term inals In D a v e n p o r t, c o m p a n y In 1012
en tered Into a fre ig h t c o n tr a c t w ith C h ic. A N o rth W estern R y . fo r Inter
ch a n g e o f tra ffic o v e r en tire C h ic. & N orth W estern system
V . 95, p . 680.
STO C K A N D B O N D S —
Date.
Interest. Outstanding. Maturity.
C o m m o n , $1 ,5 0 0 ,0 0 0 ($ 1 0 0 ).......................................
$ 1 ,5 0 0 ,0 0 0 .......................
P ref, $ 80 0,00 0, 6 % n -c ($ 1 0 0 ).....................................
55 4 ,2 0 0 ......................
1st m tg e, $2 0 0 0 ,0 0 0 , g o ld ] 1904
5 g J -J
1 ,0 6 3 ,0 0 0 Jan 1 1924
($1,000) _________________ c * j In terest at G irard T ru st C o. P lilla .. T ru s te e
Bonds.— R em a in in g b o n d s are reserved lor acq u irin g steam o r o th e r rail
w a y s an d to p r o v id e fo r steam r a ilw a y term inals an d e q u ip m e n t a t 8 0 % o f
co st.
N o sin k in g fu n d , b u t s u b je c t to call o n a n y Interest d a te a t 105 and
n t c r c s t . S ee V . 82, p . 100, 160.
E A R N I N G S .— F o r ca l. y e a r 1911, gross, $16 0,90 8; n e t (e s t.), $57 ,5 5 4 .
R O A D . — O perates 36 4 m iles o f track betw een D a v e n p o r t and C linton
on p riva te rig h t o f w a y .
7 0 -lb . T -ra ll. S ta n d a rd g au g e.
H as traffic
agreem en t fo r transferring passengers to R o c k Island and M oline. 111.
O F F I C E R S .— P res., G arrett E . L a m b ; V .- P . an d A sst. T r e a s ., F ran k W
Ellis: 2*1 V - P .. H en ry T h uenen J r.; S e c ., R . B . M cC oy; T r e a s ., C. 13. M ills.
A s s t. S ecs ., L . L a m b , E . A . M iller and E . A . S ch u ltz, C lin ton , l a .; G en.
M g r ., P . P . Crafts; A u d ., F . A . Perkins, D a v e n p o r t.— V . 80, p . 1058; V .
8 2 , p . 100, 160; V . 95, p. 680 . _______
D AYTO N , OHIO.
C IT Y R A I L W A Y C O .— A tro lle y r o a d .
O R G A N I Z A T I O N .— Chartered M ay 12 1893. Is a co n s o lid a tio n o f the
D a y to n S treet R R „ th e D a y to n & S oldiers' H o m e R R „ th e F ifth S tre e t
R R . and th e G reen lin e . Franchises run fo r 50 y ears fro m F e b . 8 1892
and A pril 19 1893.
In A p ril 1911 p aid a special d lv . o f $ 9.09 1-11 per share o n c o m . s to c k
a p p lic a b le a t o p t io n o f h o ld e r to p u rch a se o f a d d itio n a l c o m . s t o c k . V . 92,
p . 1178.
STO C K A N D B O N D S —
Date.
Interest. Outstanding.
Maturity.
C om m o n , $2,400,000 ($ 1 0 0 )...............
Q -J
$2 ,4 0 0 ,0 0 0
Ju n e T 2 2 %
P referred. $600,000 ( $ 1 0 0 ) . . . ____
6 Q -J
600 ,000 J u n o ’ 12 1 ^ %
B on d Issues h a v e been paid o ff.
D I V I D E N D S .— 6 % p e r ann um Is be in g paid o n preferred. O n c o m m o n .
In 1900, 6 % ; In 1901, 6 % ; In 1902, 6 % ; In 1903, 6 % ; also 16 2 -3 % ($250,000
In new stocK at par or In cash) d eclared N o v . 190 3), paid Jan . 1 1904; In
1904, 6 % : In 1905, 6M%; 1906 t o 1910 In ch , 7 % p er an n u m ; in F e b . 1907
p a id a sp ecial d lv . o f 5 % (V . 8 3 . p . 1590) ;In 1 9 1 1 ,J a n ., 1 If % ; A p r ., \ i i %
a n d special d lv . o f $9.09 1-11% (see a b o v e ); J u ly , 1 J £ % ; O c t. 1 « % ; In
1912, J a n ., l H%; M a r., 1 H%E A R N I N G S .— F o r ca l. y e a r 1911, gross, $ 6 5 2 ,1 2 5 ; In 1910, gross.
$ 63 3,56 5; In 1909, gross, $57 5,82 2; In 1908, gross, $5 3 8 ,7 8 8 .
R O A D .— C on trols and o p erates In all 37 m iles o f tr a c k , n a m e ly : T h ird
S treet L in e, F ifth Street L in e, G reen L ine, K a m m e r A v c . L ine a n d D a y to n
A S o ld ie r’s H om e L in e. G auge. 4 ft. 8 3$ In.; rails 70 an d 8 0 -lb . T and
70 an d 9 0 -lb . girder; op era tin g 42 G . E . 67 an d 50 G . E . 800 m o to r e q u ip
m ents; 100 m o to r cars. 10 trailer cars an d 3 sprinklers.
O F F I C E R S — P res.. E. D . G rim es; 1st V .- P ., C. B . C legg; 2 d V .- P .,
E . J . B a rn ey; 3 d V .- P ., G. G. S haw ; S e c ., M . H all; G en. S u p t. an d P u rch .
A g t ., T . E . H ow ell. O ffice , W estern a n d A u b u rn A v e s ., D a y t o n .— V . 83,
p . 1590; V . 92, p . 1178, 1564.
_______
D A Y T O N C O V IN O T O N & P IQ U A T R A C T IO N .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— This w as fo rm e rly k n ow n as th e D a y to n A T r o y
T r a c tio n , b u t nam e ch a n ge d t o th e a b o v e In A u g . 1901. T h e D . A T .
T ra ction was In corp orated In O hio In J a n . 1900 t o b u ild a s treet railw ay
from D a yton to T r o y , bu t route w as ch a n g e d , and road c o n s tr u c te d from
D a y to n t o C o v in g to n and PIqu a, a b o u t 38 m iles. C o m p a n y a cq u ire d th e
rig h t t o use th e track s o f th e P e o p le ’ s R y . In e n terin g c it y o f D a y to n .
STO C K A N D B O N D S —
Date.
Interest. Outstanding. Maturity.
S to c k a u th , $60 0,00 0 ($ 1 0 0 )________
_______
$600 000
P ref 5 % n -c , $550,000 ($100)
................................
550 000 ..................
1st m ortg a g e, $55 0,00 0 g o ld ] 1902
5 g A -O
4 50 ,000 A p ril 1 1922
($1,000) ............................... c M I n t . at O ld C o lo n y T r . C o ., B o s to n , T ru ste e .
2d m ortg a g e, $ 6 0 ,0 0 0 ................. ...........
6 g M -S
60,000 S ep t 1 1919
Bonds.— $100,000 1st m tge . bond s are reserved fo r ex te n sio n s and Im
p rovem en ts; 2d m tg e. bon d s are s u b je c t t o call o n a n y Interest d a te at 105.
E A R N I N G S .— F or y e a r e n d in g Ju n e 30 1912, gross, $13 7,36 7; n et,
$ 51 ,975 ; ln t. A ta x es. $35,866; surplus, $16 ,1 0 9 .
R O A D .— T o t a l track 38 m iles. S ta n d a rd g a u g e . 7 0 -lb . T . 80 an d 90lb . girder rails.
10 passenger cars, 2 express cars an d 5 o th e r oars.
O F F I C E R S .— P res., D . D w y e r; V .- P . a n d G e n . M g r., T h o s . T . R o b in s o n :
S u p t ., T . J . B ren n a n .— V . 77. p . 146.
D A Y T O N & T R O Y E L E C T R IC R Y .— A tro lle y r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d In 1900.
Is bu ilt e n tire ly o n p r iv a te
rig h t o f w a y . C om p leted In D ec. 1901.
R a lls 7 0 -lb . T .
P o w e r h ou se
lo ca te d a t T ip p e c a n o e C ity, O h io . S to c k , $ 50 0,00 0 ($100) c o m m o n a u th a n d Issued, and $800,000 ($100) 5 % c u m . p re f. a u th .; $64 0,00 0 Issued.
N o b o n d s co n te m p la te d .
In M ay 1902 t o o k o v e r M iam i V a lley R y . u n d e r
9 9 -y ea r lease a t a rental o f $ 9,600 p er a n n u m , w hich Is a p p lica b le to s to c k
o f $30 0,00 0, m tg e . h a v in g been c a n ce le d .
43
ELECTRIC RAILWAYS
Dividends.— O n th e p referred s to c k 5 % per an n u m Is b e in g p a id . O n
c o m ., J a n . 1 1904, 2 % ; in 1905, 6 % ; In 1906, 6 % ; In 1907, 2 % ; In 1908,
n on e; In 1909, 5 % ; in 1910, 6 % ; In 1911, 5 % ; In 1912, M arch , 1 H %;
n o n e since.
E A R N I N G S .— F o r c a l. y ear 1911, g ro ss, $ 28 1,27 9; n e t, $ 1 0 4 ,0 5 7 ; d e
d u c tio n s , $31 ,8 2 6 ; d iv s ., $ 5 0 ,0 0 0 ; surplus, $22 ,231 .
R O A D .— O w ns an d o p e ra te s 32
m iles o f tra ck (10 H m iles d o u b le . 10 H
m iles sin g le , 1 m ile sidin gs) b e tw e e n D a y to n and T r o y . Leases th e M iam i
V a lle y R y ., e x te n d in g fro m T r o y to P Iqu a a n d c o m p risin g 12.91 m iles o f
tr a c k . T o t a l t r a c k . 4 5 .1 6 m iles.
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 C ity , O .— V . 94, p. 123.
DAYTON SPRINGFIELD & XENIA SOUTHERN R Y — Trolley.
O R G A N I Z A T I O N .— In c o r p o r a t e d In 1909 as s u cce sso r t o th e D a y to n A
X e n ia T ra n sit C o ., so ld a t fo re c lo s u r e . S t o c k , a u th . a n d o u ts ta n d in g ,
$ 2 0 0 ,0 0 0 c o m . a n d $30 0 ,0 0 0 p r e f.
P a r $10 0.
1st M . a u th . a n d Is s u e d .
$ 5 0 0 ,0 0 0 .
E a rn in g s fo r y e a r e n d in g J u n e 30 1911, g ro ss, $ 1 4 9 ,3 8 3 ; n e t .
$ 3 7 ,8 7 7 ; Int. A ta x e s . $ 3 3 ,3 3 4 ; s u r p ., $ 4 ,5 4 3 .
R O A D .— O w ns a n d o p e ra te s 4 0 .4 7 m iles o f tra ck fro m D a y t o n t o X e n ia
an d fro m D a y t o n t o S p rin g V a lle y . P r e s ., C . J . F e rn cd ln g ; V .- P ., T . A .
F e rn e d ln g; S e c. A T r e a s ., H . L . F e rn e d ln g , all o f D a y t o n . V . 8 9 , p . 285.
OAKWOOD STREET RY. CO.—A trolley road.
O R G A N I Z A T I O N .— I n c o r p o r a te d J u ly 22 1870 In O h io . Franchise e x
pires 1941.
In O c t . 1909 th e O h io S u p rem e C ou rt held th e fra n ch ise v a lid
o v e r th e o b je c tio n s o f th e C ity S o licito r . S to c k au th o riz e d an d o u t s t a n d
ing, $50 0 ,0 0 0 (p a r $ 1 0 0 ).
N o b o n d s.
O perates 8 m iles o f tra ck In
D a y to n and s u b u rb s . S ta n d a rd g a u g e . P res, an d T r e a s ., C h arles B .
C legg. D a y to n ; G en . M g r ., H e n r y G e b h a rt, D a y to n .
D E L A W A R E , OHIO.
CO LU A1BU S M A G N E T IC S P R IN G S & N O R T H E R N R Y .
O R G A N I Z A T I O N .— In co rp o ra te d In O h io on O c t . 15 1906, a n d Is a
c o n s o lid a tio n o f th e D elaw are A M agn etic Springs R y . an d th e R lc h w o o d
A M agen tlc S prings R y .
P riv a te right o f w a y e x c e p t In C ity o f R l c h w o o d .
STOC K A N D B O N D S—
Date.
Outstanding.
Maturity.
C o m m o n , $20 0,00 0 ( $ 1 0 0 ) .
$ 1 3 0 ,0 0 0 .......................
P ref. 6 % n -c, $ 2 0 0 ,0 0 0 .............
1 0 0 ,0 0 0 ......................
C M S A N 1st M , $ 4 0 0 .0 0 0 ,g o ld l 1906
2 5 0 ,0 0 0 N o v 1 1931
5 g M -N
($ 1 ,0 0 0 ). c a n n o t be c a l l e d . ) In terest a t C olo n ia l T r u s t C o ., P itts b u r g h ,
and no sinking fu n d _ _ .c * J
T ru ste e .
E A R N I N G S .— F o r y ear e n d . J u n e 30 1911, g ross, $ 2 2 ,3 1 3 ; n et, a fte r
ta x e s. S l.4 7 7 .
R<i ^ ? — 0 p e r a te s 18 m iles o f tr a c k fro m D e la w a r e t o M a g n e tic S p r in g s
and R lc h w o o d .
O F F I C E R S .— P re s ., W . M. G a lb ra ith ; P it t s .; V .- P . an d T r e a s .. C .
M agee J r .. P itts .: S e c ., C h as. J . F lfe r. R l c h w o o d , O .— V . 8 3 , p . 122 8, 1469'
D E N V E R , COL.
T H E D E N V E R & N O R T H W E S T E R N R Y .— A n e le ctr ic r o a d .
O R G A N I Z A T I O N .— In c o r p o r a te d In C o lo r a d o In Jun e 1901. C u rren t
Is fu rn ish e d b y D en ver T r a m w a y P o w e r C o .
Franchise In D e n v e r runs fo r
50 years; In G o ld e n fo r 99 years; u p o n a n d a c r o s s c o u n t y roads is p e r p e tu a l.
R e m a in d e r (co m p risin g m ain m ileage) 1; o v e r p r iv a t e rig h t o f w a y .
In M ay 1902 p u rch ased s to c k o f D e n v e r C it y T r a m w a y C o. S ee V . 74.
p . 1038. T h is s to c k has been d e p o s ite d as c o lla te r a l u n d er th e new m tge.
Merger with Denver City Tramway .— It has been t e n ta tiv e ly p lan n ed fo r
s o m e tim e to m erge this c o m p a n y Into th e D e n ve r C ity T r a m w a y , b u t u p
t o S e p t. 1912 n o th in g d e fin ite h ad b e e n d e c id e d . V . 94, p . 1763.
STOCK A N D BO N D S—
Date.
interest. Outstanding.
M aturity.
Q -J 10
$ 6 ,0 0 0 ,0 0 0 J u l y '1 2 ,2 %
S t o c k $6 ,0 0 0 ,0 0 0 ($ 1 0 0 ).........................
First an d c o lla te ra l m o rtg a g e ) 1902
5 g M -N
6 ,0 0 0 ,0 0 0 M ay 1 1932
g o ld $6 ,0 0 0 ,0 0 0 ($500 a n d jln t e r e s t a t B a n k e rs T ru st C o ., N ew Y o r k .
$ 1 ,0 0 0 ) ---------------------------- c*J
T ru ste e ; also o ffic e o f c o m p a n y In D en v er.
Bonds.— Can be c a lle d on a n y Interest d a y a t 105 an d Interest u p on 90
d a y s ’ n o tice .
O n A u g . 1 1907 w h ole Issue w as called fo r p a y m e n t N o v . 1
1907, b u t , th e p a n ic In te rve n in g, the n o tice w as re scin d e d .
E A R N I N G S .— O f c o m b in e d s y s te m fo r years e n d in g D e c. 3 1 :
Sink.Fund •Fixed
Gross.
Net.
Pow.Bds. Charges.
Surplus.
1 9 1 1 . . . .................... $3,42 1 ,8 5 4
$1,68 7 ,1 5 3
$ 50 ,000 $ 1 ,0 9 4 ,9 4 3 $ 5 4 2,21 0
1 9 1 0 . . . .................... 3 ,5 9 5 ,1 5 8
1,73 5 .9 0 7
50,000 1 ,0 15,834
67 0 ,0 7 3
1 9 0 9 ............................. 3 ,3 7 4 ,1 3 3
1,69 5 ,2 9 9
5 0 ,0 0 0
9 4 1 ,9 4 0
7 03 ,359
Note.— O n D e c. 14 1910 a d e s tr u c tiv e fire d e s t r o y e d t h e m ain sh a ft an d
w ork in g s o f th e L e y d e n m ines, w h ich w ere th e n p r o d u c in g 1,000 to n s p er
d a y . T h is resu lted In a loss o f all th e fre ig h t b u s in e s s a n d m u ch passenger
business d u rin g all th e y e a r o f 1911.
N ew fir e p r o o f s h a fts w ere p la ce d In
o p e r a tio n , w ith largely Increased c a p a c it y , o n A p r il 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 sam e amount has been paid
quarterly since to and Including July 1912.
ROAD.— Operates 27.14 miles of track through former town of Berke*
ley (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: Sec. and Treas., F. G. Moffat: Aud., W. A.
Doty.— V. 85, p. 40, 1143; V . 90, p. 167; V . 94, p. 413, 1383, 1763.
(1) Denver City Tramway Co.— Electric.
In May 1902 Denver A Northwest Ry. obtained control, exchanging its
,ecuri.tles for Denver City Tramway stock. See V. 74, p 1038.
ORGANIZATION.— Chartered In Colorado In Jan. 1899 tor 50 years.
Comprises the entire street railway system of Denver. Is owner by
purchase and consolidation, of following companies, formerly operating
In and about Denver: The Denver Electric A Cable Ry.. the Denver Tram
way Co., the South Denver Cable R y., the Denver Tramway Extension
Co., the Denver Consolidated Tramway Co., the Metropolitan R y., the
Denver City Cable R y.. the West End Street R R ., the Denver City Trac
tion Co. and the Colfax Electric Ry. ALo own- 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 Tines within the City of Denver are: a franchise author
izing It to build, operate and maintain cable and electric railways, granted
Feb. 5 1885, covering all Its present lines within the city—substantially
202 miles. This franchise Is without time limit, provides for 5-cent fares,
for paving, Ac. Also operates under a 20-year grant, voted by the tax
paying electors of the city In May 1906, which authorizes It to maintain
three-rail tracks, gauges 3 ft. 6 In. and 4 ft. 8 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.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Stock $20,000,000 ($100)..................
- ................ $5,000,000 In 1908, 6 %
Denver Consol Tramw y cons/ 1893 5 g A-O
1.167,000 Oct 1 1933
mtge. $4,000,000, gold___ lin t.a t Bkrs.Tr. C o., N .Y ., Tr. A In Denver.
Purchase money mtge gold! 1899 5 g A - 0
2,000,000 April 1 1919
$2,000,000($1,000 A $500)c*l Interest at Central Trust Co.. N. Y .. Trustee.
1st A ref mtge, $25,000,000 gl 1908 5 M-N
5 ,3 9 9 ,0 0 0 Nov 1 1933
($500 A $l,000)slnk fd ..c * lint, at Bkrs. Tr. Co., N. Y ., Tr. A In Denver.
DenvReal.Co coll tr notes gu l 1911 5 H A -O
750,000 O ct 11913
$750,000 ($500A$1.000)g.cjInterest In Denver, Chicago or N. Y.
Bonds.—The mortgage of 1899 Is a first lien on the Denver City and
West End properties and a Hen 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 Hens (Including 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 retired,and thereafter only under cer
tain restrictions. See V. 88, p. 882; V. 90. p. 109: V. 92, p. 186. Bonds
are oallable as a whole but not In part, except for sink, fd., at 105 and Int.
on any lnt day after 1913 up to Nov. 1 1923; thereafter at 102 M and lnt.
on 60 days’ notice. Sinking fund of 1% of bonds out begins Nov. 1 1914
44
[Y ol. lxxxxy .
ELECTRIC RAILWAYS
until ancl in c lu d in g N o v . 1 1923; th e re a fte r 2 % o f b o n d s o u t .
D e n ve r
R e a lt y C o. n otes are c a lla b le as a w h ole b u t n o t In part a t 100 14 an d Int. on
a n y ln t. d a y o n 30 d a y s ’ n o tice .
In te rn a tio n a l T ru st C o .. D en ver, trustee.
T h e y are g u a r ., p . & 1., b y D e n v e r C ity T r a m . C o . a n d are secu red b y p le d g e
o f en tire o u ts ta n d in g s to c k a n d b o n d s o f D en ver & In te r-M tn . R R .; $ 1 7 0 .
000 1st M . b on d s o f 13oulv. R ea l E sta te C o . a n d real estate v a lu e d a t $ 20 0,
000 . V . 9 4 , p . 21 0 .
E A R N I N G S .— F o r 12 m o s . e n d . M ar. 31 1912. gross. $ 3 ,4 1 0 ,5 4 3 ; n e t.
$ 1 ,0 3 1 ,0 6 1 ; ch arges a n d ta x e s , $ 1 ,1 5 8 ,2 5 4 ' su rp lu s, $ 5 2 2 ,8 0 7 .
R O A D .— O w n s 202 m iles o f ele ctrlo tra ck .
G a u g e , 3 f t . 0 In. P rin
c ip a lly 65 an d 7 2 -lb . rail. 419 cars, o f w h ich 249 m o to r p assen ger cars;
101 trail passen ger cars an d 69 m iscella n eou s.
D I V I D E N D S .— P revio u s to M ay 1902 p aid 4 % p er a n n .; then s to c k
w as p ra ctica lly all e x ch a n g e d fo r D en ver & N orth w estern Ity .
O F F I C E R S .— P res.. W in . G . E v an s; 1st V . - P . , S. M . P e rry ; 2d V .- P . and
G en. M an., J oh n A . Beeler; S e c. an d T r e a s ., T h o s . K e e ly; A u d ., W . A .
D o ty — V . 88, p . 374, 685, 882; V . 89, p . 1596: V . 90. p . 109: V . 91, p . 870 ,
1910; V . 92, p . 186, 594; V . 93, p . 1599; V . 94. p . 207, 1185, 1382.
(a) The Denver Tramway Power Co.
O R G A N I Z A T I O N .— In c o r p o r a te d In C o lo ra d o M arch 1901 an d ow n s
the electrical p o w e r p la n t a n d d is trib u tin g s y s te m w h ich supplies th e cu r
ren t for the o p e r a tio n o f the D en ver & N o rth w e ste rn an d the D en ver C ity
T ra m w a y C o .’s lines.
Its p r o p e r ty Is o p e r a te d a n d m ain tain ed b y the
D en v er C ity T r a m w a y C o . u n d er lease. Its b o n d s are gu a ra n te e d , principal
an d Interest, b y th e D e n ve r C ity T r a m w a y C o.
STOC K A N D B O N D S —
Date.
Interest. Outstanding. Maturity.
s t o c k $500,000 ($ 1 0 0 ).........................................................
$500,000 ......................
First im p : o v m tge $ 1 ,5 0 0 ,0 0 0 f 1903
5 g A -O
1,262,000 A p ril 1 1923
g old ($1,000) gu ar p & 1___ ( In t. a t In te rn a t. T ru s t C o ., D en ver, trustee.
I o r G u a r a n ty T r u s t C o ., New Y o rk
Bonds.— O f the 1st lm p r o v . m tg e . b o n d s, $2,0 0 0 are reserved fo r futu re
Im p rovem en ts a t c o s t.
A re s u b j. to call on a n y ln t. date at 105 and lnt.
A sinking Jund o f $ 5 0 ,0 0 0 p . a ., t o retire b on d s a t 105 and ln t., c o m m e n ce d
In 1908, an d $2 3 6 ,0 0 0 h a v e been re tire d . T h is Is also gu ar, b y D en ver C ity
T ram w ay.
In terest p a y a b le In N ew Y o r k and D en ver.
P L A N T .— Is o p era ted b y an d furnish es all pow er for the D en ver T r a m
w a y C o.
N orm a l c a p a c ity o f c o m p a n y ’s p la n t, w hich Is situ ated on the
P la tte R iv er In D e n v er, Is 9,5 0 0 k . w . O w ns 4 su b -sta tio n s, o n e o f 1,500
k. w .. tw o o f 1,000 k , w . and on e o f 900 k . w . c a p a c it y .
O F F I C E R S .— P r e s ., W m . G . E v a n s : V .- P . , J oh n A . Beeler: S e c. and
T r e a s ., T h o s . K e e ly .— V . 8 2 , p . 1437; V . 83. p . 36; V 86, p . 1103; V , 90,
p . 1044; V . 9 2 . p . 1112.
Bonds.— O f th e re fu n d in g m tg e . b o n d s o f 1901, $5 3 3 ,0 0 0 are reserved
to retire th e u n d e rly in g 6s o u ts ta n d in g . O f the $ 2 ,3 8 0 ,0 0 0 5s rep orted
o u ts ta n d in g , $5,000 h a v e been d e p o s ite d w ith Illin ois T r u s t & S av in gs
Bank to be h eld in lieu o f the $4,000 D es M oin es C ity R y . 6s still o u t . B o n d s
ca n be ca lle d o n a n y in t. d a te a t 106 an d in t. S in k . f d . $ 1 0 ,0 0 0 y e a r ly o n
A pril 1 fro m 1908 t o 1910, $15,000 fro m 1911 to 1915 an d $25 ,0 0 0 fro m 1916
to 1920. T h e rem ain in g b o n d s m a y o n ly be Issued to p a y fo r n o t e x c e e d in g
8 0 % o f c o s t o f e x te n sio n s, p ro v id in g n et earnings a rc 5 0 % In e xce ss o f Inter
est ch arges u p o n all b o n d s o u ts ta n d in g , in clu d in g th ose t o be Issued.
R E P O R T .— F o r y ear e n d in g Ju n e 30 1912, gross, $1 ,1 8 6 ,9 5 9 ; n e t, a fte r
taxes, $29 3,38 1.
R O A D .— O perates 85 .0 7 m iles o f t r a c k . 35 to 12 9 -lb . rails. 170 p a s s .,
10 fre ig h t, 8 w o rk an d 7 m lscel. ca rs.
O F F I C E R S .— P r e s ., E m il G. S ch m id t; V .- P ., T rea s. & G en. M g r., C. F .
H e w itt; S e c., N . T . G u en rsey.— V . 86, p . 516; V . 88, p . 1313; V . 89, p .
224; V . 91, p . 1574; V . 92, p . 794; V . 93, p . 407 , 588.
INTER-URBAN RAILWAY CO.— A trolley road.
O R G A N I Z A T I O N .— In co rp o ra te d In Io w a to co n s tr u c t a sy stem of
Interurban roads co n n e c tin g w ith Des M oines. T h e D es M oines C ity R y .
Co. guaran tees the b o n d s, prln. an d ln t.
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity
Stock. $ 1,200,000 ($ 100) ........ ................................. ..
$ 1 , 160,000 .......................
1st m o rtg a g e , sin k in g fu n d ,) 1901
5 g A -O
1 ,160,000 A p ril 1 1921
g o ld ($ 1 ,0 0 0 ), g u aran teed A m e r, T ru s t & S av in gs B k ., C h ic ., T ru s tee,
p . & I. b y D es M oin es C ity ) In t. a t H arris, F o rb e s & C o ., N ew Y o r k , and
R y ________________________c * j
H arris T r u s t & S a v in gs B a n k , C h ica g o.
Bonds.— O th er b o n d s m a y be Issued fo r a cq u is itio n s an d exten sion s at
n o t o v e r 80 % o f c o s t an d a t n o t o v e r $16,000 p e r m ile fo r new r o a d , b u t on ly
w hen net earnings equal 1 !4 tim es all ln t. charges o n b o n d s o u t an d th ose to
be Issued.
B on d s are s u b j. to call a t 105 a n d Int. A sinking Jund o f 5 %
o f bal. o f ann ual net e a rn s., a fter p a y m e n t o f all c h a rg e s, b e c a m e o p e ra tiv e
A p ril l 1906, an d b o n d s so pu rch ased are to be k e p t a liv e fo r p u rp o se o f the
fu n d ; $9,000 Is held In sin k in g fu n d .
E A R N I N G S .— F o r y e a r e n d in g F e b . 29 1912, gross, $ 27 0,39 6; net, a fter
taxes, $84,982; in 1910-11, gross, $ 26 9,64 6; n e t, a fte r ta x e s , $ 87 ,824 .
R O A D .— O perates 73.69 m iles o f tra ck (In cl. sidin gs) co n n e c tin g Des
M oin es an d C o lfa x , D es M oines an d P e r r y , w ith bran ch t o W o o d w a r d .
S ta n d a rd gauge; 60 and 7 0 -lb . T rail.
12 p a ss., 83 fre ig h t an d 2 m lsc. cars;
4 lo co m o t iv e s . Cars enter Des M oin es o v e r tracks o f Des M oin es C ity , R y .
O F F I C E R S .— -Pres., E m il G. S ch m id t; V .- P ., T re a s . & G en. M g r .,
C. F . H e w itt; S e c ., N . T . G u ern sey.— V . 71, p. 680.
(b) The Denver Tramway Terminals Co.
O R G A N I Z A T I O N .— In c o r p o r a te d In C o lo ra d o A u g . 24 1910 t o bu ild a
term in al and a lo o p line fo r th e D en ver C ity T r a m . C o . V . 91, p. 1160;
V . 92. p. 186. E n tire s to c k is o w n e d b y D en ver C ity T ra m . C o ., w hich
c o m p a n y g u a r. T erm in a ls C o . b o n d s, p rln . an d ln t., and also leases the
la tter c o m p a n y fo r 99 years.
STOCK AN D BO N D S—
Date. Interest. Outstanding. Maturity
S t o c k $ 5 0 0 ,0 0 0 .............................. ...................... .........
$50 0,00 0 ..................
1st M $ 1 ,5 0 0 ,0 0 0 g old ($100) 1910
5 g M -S
1 ,315,000 S ee te x t
an d $1,000) gu ar p & L . c ’ / I n t . a t B a n k e r s T r . C o . , N . Y .. tr u s .,& In D en
Bonds.— R em ain in g b o n d s are fo r Im p ro ve m e n ts. T h e y m atu re $60 ,000
a n n u a lly S ep t. 1 1916 to 19 10. R e d . as a w h ole a n y ln t. d a y a t 105 and
Int. on 30 d a y s ’ n o tice .
V . 94, p . 1383.
O F F I C E R S .— P res., J o h n E v a n s : V .- P .. W m . G . E v a n s: S e e ., A . CM o n tg o m e ry ; T re a s ., F . G. M o ffa t .— V . 91, p. 1160; V . 91, p . 1383.
(c) Denver & Inter-Mountain RR.
„
O R G A N I Z A T I O N .— In c o r p o r a te d In C o lo r a d o a b o u t O c t . 29 1907 as
In ter-M ou n ta in R y ., b u t on A p ril 2 1909 c h a n g e d n am e to presen t title .
P r iv a te rig h t o f w a y . Franchises in D e n v e r a n d G olden are p e rp e tu a l.
E n tire s to c k a n d o u ts ta n d in g b o n d s aro p le d g e d t o secu re $75 0,00 0 D en ver
R e a lt y C o. n o te s . See u n d er D e n ve r C ity T r a m w a y a b o v e . H as passenger
arran gem en ts w ith D en ve r C ity T r a m w a y fo r Interch ange o f transfers on
D en ver C ity lines; also has c o n t r a c t fo r use o f tr a m w a y c o ’s tra ck s In en ter
in g D e n v er. H as freigh t t r a ffic a greem en ts w ith D e n v . & N . W . R y .
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity.
___________ $ 1 ,0 0 0 ,0 0 0
------------------S t o c k . $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 )____________
In ter-M ou n ta in R y . 1st m ort-1 1908
5 g J -J
500 ,000 J a n . 1 1938
gage g o ld , $75 0,00 0 ( $ 1 0 0 [In te r e s t a t C o n tin e n ta l T ru s t C o ., D e n v e r,
an d $ 1 , 0 0 0 ) _____________ c*J
tru stee, o r B a n k ers T ru s t C o ., N ew Y o r k .
Bonds a rc ca lla b le a t 105 o n a n y Int. d a y a fte r 1913.
E A R N I N G S .— F o r 12 m o s. e n d . Jun e 30 1912, gross, $ 14 3,49 3; n e t,
$39 ,6 0 6 ; in t. & ta x e s , $34 ,1 5 0 ; su r p ., $ 5 ,4 5 6 .
In 1910-11, gross, $13 1 ,7 4 7 ;
net, $ 3 1 ,0 7 7 ; Int. & ta x e s , $28 ,8 8 7 ; su r p ., $ 2 ,1 9 0 .
R O A D .— O perates fro m D e n v e r to G old en a n d fro m B arn um J u n e , to
an d arou n d B a rn um L o o p . M ain t r a c k , 15.25 m ilos; total tra ck , In cl. 2d
an d leased tra ck an d sid in gs, 24.13 m iles. 4 0 , 75 a n d 8 0 -lb . T rail. S ta n d
ard g a u g e.
O F F I C E R S .— P res. & G en. M g r ., W m . G . S m ith ; V .- P . & A s s t. S e c .,
A . C. M o n tg o m e ry ; T r e a s ., F . G . M o ffa tt.— V . 90, p . 697, 1675; V . 91, p .
1629; V . 94, p . i 2 0 7 . ___________ _____________
DERRY
PA
W E S T M O R E L A N D C O U N T Y R A I L W A Y CO .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n D e c. 27 1904.
Is
a co n s o lid a tio n o f th e B ra d e n v llle & D e rry S tre e t R y . an d th e B lalrsvllle &
D erry S treet R y .
STOCK A N D B O N D S—
Date.
Interest. Outstanding. Maturity.
S to c k $50 0,00 0 ($ 5 0 )...........................................................
$50 0,00 0 ..................
F irst m ortg a g e $250,000 g o ld 1 1905
5 g M -S
208 ,0 0 0 M ch . 1 1935
($100) __________________ c * ) I n t . a t E a st E n d . S a v . & T r . C o ., P i t t s ., T r
B O N D S .— N o sin k in g fu n d an d b o n d s are n o t s u b je c t t o ca ll.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1912, gross, $41 ,074 ; n e t, $1 5 ,
081; Int. & ta x es, $12 ,3 5 6 ; su r p ., $ 2 ,725.
R O A D .— O perates 7 m iles o f tra ck .
O F F I C E R S .— P res., J o h n E . P o tte r ; V .- P .s F . W m . R u d c ll and J . A .
M c C o m b .; S e c ., A . P. M eyer; T re a s ., J . G . V ilsa ck , all o f P ittsb u rg h ;
S u p t., S. F . S ch w erd t, D e rr y .— V . 82, p . 50.
DES MOINES, IO W A .
DES MOINES CITY RAILWAY C O — A trolley road.
In M arch 1911 N . W . H arris o f C h ica g o a cq u ire d p r a c tic a lly all the
s to c k n ot p r e v io u s ly ow n e d b y him o f the Des M oin es C ity R y . C o and
o f Its allied c o r p o r a t io n , th e I n te r-U rb a n R y . C o.
V . 92, p . 794 .
O R G A N I Z A T I O N .— A c o n s o lid a tio n In 1893 o f th e D es M oin es S t. R R .
C o. and the D es M oin es S u b u rb a n R y . C o.
Is au th o riz e d t o c a r r y freigh t
F ranchises In D es M oin es co n s id e re d p erp etu al und er a ch a rte r g ran ted by
the c it y o f D es M oines t o D r. M . P . T u rn e r on D e c . 10 1866. On N o v . 21
1905 th e C ity C ou n cil passed a r e so lu tio n d ire ctin g th e c o m p a n y t o re m o ve
Its tracks fro m th e stre e ts.
B u t on F e b . 27 1907 th e U. S. C ircuit Court
a t D es M oin es,In an a c tio n b r o u g h t b y th e c o m p a n y to restrain th e c ity
fro m a tte m p tin g to en fo rce this o r d in a n c e , held th a t the fra n ch ise o f the
c o m p a n y Is p erp etu al.
V 84, p . 508 . On M ay 17 1909 the U . S. Suprem e
C ourt reversed the d ecisio n o f th e C ircuit C o u rt, bu t did not d e cid e th e q u es
tion w h ether th e fra n ch ise w as p e rp e tu a l. V . 88, p . 1313; V . 89, p . 22 4 .
O n D eo. 2 1910 J u d g e A p p le g a te a t A d el dism issed the q u o w arra n to suit to
e je c t th e c o m p a n y from th e c it y s tre e ts.
V . 91, p . 1574.
G uarantees th e I n te r-U rb a n R y . C o . 1st M . b o n d s, p rln . & Int. See
b elow .
STOCK A N D B O N D S—
Date.
Interest. Outstanding. Maturity.
...............
$1,055,000 __
C om m on , $3,0 0 0 ,0 0 0 ($ 1 0 0 )...............
............................................. 250,000 ........
P re f 6 % n -c , $ 2 5 0 ,0 0 0 ...........................
D es M oines St R R 1st M f 1889
6 g A -O
248.000 O ct 1 ’ 13 to
(
($ 25,000 d u e yearly)
O ct 1 1919
g o ld , ($1,000 each ) ..
lC o n t .& C o m m .T r .& S a v .B k .,C h ic ., tru stee.
D es M oines Su b R y
1st f 1890
6 g J-J
260,000 Jan 1913 to
m ortg_____
a g e. _______
„($1,000
_ .) 0 0 1
($ 20,000 d u e y e a rly )
Jan 1921
gold
e a c h ) ---------------------------------c * I In terest at C h em ical N at. B a n k , N . Y . C ity.
I T ru ste e , Io w a L o a n & T ru st, D es M oin es
D es M oin es C ity R y _____ 1893
6%
4,000 M a y 1 1923
D es M oines C ity R y r e fu n d ’ g f 1901
5 g A -O
2,3 8 0 ,0 0 0 A p ril 1 1921
m o rtg a g e, $ 3 ,0 0 0 ,0 0 0 , g o ld I I n t . at H a rris, F o r b e s & C o ., N . Y .; also H ar($1,000)
............... ^ ...........................c * [
r is T r . & S a v . B it., C h ic. T ru ste e s, III. T r .
J & S a v . B k . an d W m . I I . H e n k lc o f Chlo.
DETROIT, MICH.
DETROIT UNITED R A I L W A Y .— (See Map page 4 5 .) — T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich igan D e c . 31 1900 an d to o k
o v e r franchises and p rop erties o f the D e tr o it C itizen s’ .Street R y .. the D etroit
E le ctric R y . , the D e tro it F t. W a y n e & B eile Isle and the D e tro it S u b u rb a n .
V . 72. p . 4 4 , 183.
E m b ra ces all the street ra ilw a y lines In D e tr o it.
L a te r a b so rb e d b y purch ase the D e tro it & N o rth w e ste rn R y ., w h ich la
kn ow n as the O rch a rd L ake d iv isio n , th e D e tro it & P o n tia c R y ., kn ow n
as the P o n tia c d iv isio n , th e W y a n d o tte <fc D e tr o it R iv e r R y ., k n o w n as the
W y a n d o tte d iv isio n , an d the D e tro it & F lin t, fo rm e rly the D e tro it R o c h e s
ter R o m e o & L a k e O rion R y ., and k n o w n as th e F lin t d iv isio n .
O w ns e n
tire c a p ita l s to c k ($ 2 ,0 0 0 ,0 0 0 ) o f th e D e tro it & P o rt H uron S h ore Line.
In A u g . 1901 pu rch ased 2,970 shares (all) o f th e s to c k o f th e S an d w ich
W in dsor & A m h e rstb u rg R y .; 180 shares (all) o f th e s to c k o f the C ity E le c
tric R y . and the P e o p le ’s E lectric L ig h t p la n t o f W in d s o r , O n t.
In F eb . 1906 Issued $ 1 ,0 0 0 ,0 0 0 n otes fo r tho pu rpose o f acq u irin g the
entire s to c k o f the D etroit M onroe & T o le d o S h ort Lino R y .
V . 8 2 , p.
392. T h ese w ere paid o ff M arch 1 1909. V . 8 8 . p . 563.
In Jan . 1907 c o m p a n y p u rchased c o n tr o l o f th e D e tr o it Y p sllan tl A n n
A rb o r & Jackson I t y ., the J ack son A n n A r b o r & D e tro it R y . and the
D etroit P ly m o u th & N orth v tllc R y ., a n d reorganized them under the nam e
o f D e tro it Jack son & C h icago R y .
V . 84, p. 450.
T h e U n ited States S u p rem e C ou rt on M arch 3 1002 d e c id e d th at the
o rd in a n ce o f 1889 co m p e llin g the C itizen s’ S tre e t R y . t o sell 8 tick e ts fo r •
qu a rter w as In valid.
(See V . 74, p . 528.)
T h e M ich . S u p rem e Cou rt on S e p t. 28 1910 (V . 01, p. 870) refused a
rehearing fro m Its d e cis io n that c o m p a n y m u st sell w o rk in g m e n ’s tickets
at rate o f 8 fo r a qu a rter w ithin specified hours am i w ith in c it y lim its as
e x te n d e d . A p p ly in g th at ruling, th e W a y n e C ircuit C ou rt o n J u ly 6 1912
held th at c o m p a n y c o u ld n o t ch arge m ore th an a sin gle fa re on all lines at
all tim es w ith in c it y lim its as e x te n d e d .
V. 95, p . 110.
In J u ly 1906 a p ro p o s e d o rd in a n ce e x te n d in g th e c o m p a n y ’s franchises
until D e c . 4 1924 w as su b m itte d t o th e C ity C o u n cil. See V . 8 3 , p . 27 1 ,
1170. V . 8 4 , p. 338 . O rd in a n ce, h o w e v e r , fell th ro u g h . Q uestion of
valu ation o f c o m p a n y ’s p ro p e rty In c o n n e c tio n w ith p ro p o se d new fra n ch ise
was in A p ril 1910 su b m itte d to a b o a rd o f a r b itra tio n .
V . 90, p . 976 , 1101.
U p to S e p t. 1912 v a lu a tio n had n o t been fixe d .
O n N o v . 13 1909 c o m p a n y d e cid e d to p a y und er protest the o c c u p a
tion ta x o f $300 a d a y called fo r b y H a lly resolu tion o f O ct. 26 1909. T h e
ta x Is for p rivilege, a fter N o v . 14 1909, o f o p e ra tin g cars in streets w here
franchises h a ve e x p ire d .
V . 89. p . 1347. O n J u ly 8 1911 W a y n e C ircuit
C ou rt d e cid e d In fa v o r o f the c ity suit b ro u g h t b y c it y on S e p t. 15 1910 to
c o m p e l the c o m p a n y to p a y $200 per d a y o c c u p a tio n ta x , in a d d itio n to
the $300 a b o v e .
V . 93, p . 163. T h e e n try o f th e decree w as w ithheld
In order th a t the C o m m o n C ou ncil m ig h t be co n su lte d as to a m o d ifica tion
o r su spension o f the o rd in a n ce or decree.
O n M ay 1 1907 th e S u p rem e C ou rt o f M ich igan d e c id e d th a t th e c it y o f
D etroit co u ld n o t la y street railw ay track s th rou gh Its D e p a rtm en t o f
P u b lic W o rk s (as a tte m p te d u nd er an o rd in a n ce o f th e C ity C ou n cil passed
In 190 5), t o be le a se d , as s u p p o s e d , to an o p e ra tin g c o m p a n y . V . 8 4 ,p . 1052.
O n A p ril 25 1907 J u d g e Sw an In th e U . S. C ou rt a t D e tro it gran ted an In
ju n c tio n (w h ich J u ly 24 1907 w as m a d e perm an en t) restraining the c ity
from en fo rcin g an o rd in a n ce seeking to co m p e l th e c o m p a n y to give 20
s e co n d s’ service o n so m e o f Its lines. V . 8 4 , n . 1052.
On J u ly 23 1907 J u d g e Sw an g ra n te d an in ju n c tio n restra in in g the c ity
from en actin g an o rd in a n ce w h ich p r o v id e d th a t c o m p a n y can use patches
o f line on w h ich franchises are said t o h a v e ex p ire d o n c o n d itio n o n ly th at
5 tick e ts be sold fo r 15 ce n ts o v e r en tire lines o r streets on w h ich patches
He. V . 85, p . 345.
In A p ril 1911 an agreem ent w as en tered Into betw een the c o m p a n y and
M a y o r T h o m p so n (ra tified b y C ity C o u n cil), w h ereby the c o m p a n y w as
p erm itted to b u ild a t o n c e e x te n sio n s an d d o u b le -tra ck Its lines. A g ree
m ent p ro v id e s th a t a t a n y tim e c it y m a y p u rch a se a n y o f th e e x te n sion s.
V . 9 2 , p . 956 .
Proposed Municipal Purchase.— O n J a n . 15 1912 the M ich . S u p rem e
C ou rt h an d ed d o w n a d e cisio n h o ld in g th a t the c it y co u ld n o t leg a lly v o t e at
p ro p o s e d ele ctio n Ja n . 23 1912 u p on ch a rte r a m e n d m e n t t o p r o v id e for
m unicipal ow n ersh ip o f stre e t ra ilw a ys. See V . 94, p . 20 7 , 123. A sim ilar
d ecision was h an d ed d o w n b y the sam e c o u r t o n F e b . 1 1911. V .9 2 ,p .3 2 2 .
Ordinance Defeated.— A t referen d u m ele ctio n o n Ja n . 23 1912, the p ro
po se d ord in a n ce (V . 93, p . 1190) passed b y the C ou ncil J a n . 16 1912, look in g
t o the settle m e n t o f all differen ces be tw e e n the c it y an d th e c o m p a n y ,
was d e fe a te d . V . 94, p . 278.
................
,
,
Wage Agreement.— F o r agreem en t e n d in g d iffic u ltie s w ith the m en, see
V . 94, p. 1507.
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
Maturity.
S to c k , $12 ,500 ,00 0 ( $ 100) ..................
Q -M
$ 1 2 ,500 ,00 0 S e p t ’ 1 2 .1 > t %
1st co n s o l m tg e , $ 2 5 ,0 0 0 ,0 0 0 , fl9 0 2
4 ^ e J-J
14,5 8 6 ,0 0 0
Jan
11932
g o ld ( $ 1 , 0 0 0 ) .................... c * | G u a ra n ty T ru s t C o ., N . Y . , T ru stee.
J In t. at a g e n c y , B a n k o f M on treal.
D e tro it U n ite d R y . s to c k an d b o n d s h a ve been listed on the N ew Y ork
S to c k E x ch a n g e .
, ,
,
B o n d s - O f th e $ 2 5 ,0 0 0 ,0 0 0 (lis t c o n s o lid a t e d m o r t g a g e b o n d s a u t h o r iz e d .
$ 8 , 8 8 0 , 0 0 0 a r e r e s e r v e d t o r e t i r e u n d e r l y i n g l i e n s a n d $ 1 , 5 3 4 , 0 0 0 a r e In
trea su ry.
E n t i r e I s s u e o r a n y p a r t t h e r e o f Is s u b j e c t t o c a l l a t a n y t i m e
a t 105 a n d In te re st o n 6 0 d a y s ’ n o t ic e .
S ee V . 7 3, p . 1111.
Detroit Electric
Date.
Interest. Outstanding.
Maturity
D etroit R y . 1st m t g e ,g ( $ l ,0 0 0 )/ 1895
5 g J -D
$ 1,800,000 D e c 1 1 9 1 2
on 56.34 m ile s.............c * & r l In t. a t C leveland T r . C o ., T ru s te e , t o 1024
D etroit E le ctric c o n M , $ 2 ,- / 1806
5 g J -D
1,000,000 Ju n e 1 1916
8 0 0 ,0 0 0 , gold ( $ 1.0 0 0 ) c + & r )I n t . a t C leve. T r . C o ., T ru ste e . A s t o D e c.
1897 Interest, see V . 65, p . 1219.
Bonds.— First m o rtg a g e b on d s o f th e D e tro it R y . n u m b e re d 1 t o 600 m a
ture In ord e r o f num bers a t $50,000 p er an n u m , begin n in g D e c. 1 1912;
n um bers 601 and a b o v e m ature D e c . 1 1924.
D e tro it E le c tr ic c o n sols for
$1,800,000 are reserved t o retire th e first m tg e . b o n d s as th e y m a tu re.
Sept., 1912. |
ELECTRIC RAILWAYS
45
|VOL. LXXKXV,
ELECTRIC RAILWAYS
46
(2) San dw ich W in d s o r & A m h e r s fb e r g R y .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d u nd er sp ecial ch a rte r fro m P r o v in c e
o f O n ta rio . O w ns en tire c a p ita l s t o c k ($100,000) o f the W in d so r A T e o u m seh E le ctrlo R y .
E n tire s to c k o f S d w . W in d s . A A m h . Is o w n e d b y D e t. U n .
STOCK AN D BO N DS—
Date. Interest.
Outstanding.
Maturity.
Detroit & Northwestern Ry.
$29 7,00 0
.....................
S t o c k , $350,000 ( $ 1 0 0 ).................................................
$85 5,00
, „ ............................,_
. 0 M ay
. 1 1021
1st
m tg e , $ 1 ,0 0 0 ,00000,, g o ld ] 1901 4 H S M - N
C on sol M tg e .,g $ 6 0 0 .0001
1902
434 g J -D
490 ,0 0 0
D e c . 1 ,1 9 2 2
($ 1 0 0 , $ 1 ,0 0 0 )....................c * J In te r e s t a t U n ion T ru s t C o .. D e tr o it. T ru stee
g o ld ($ 1 ,0 0 0 )_____ c * /N a t lo n a l T ru s t C o ., L t d ., T o r o n t o , T ru ste e .
Bonds.— A re gu a r., p . & I., b y D e tro it U n ite d R y . b y e n d ., and arc su b W in d A T e c El $300,0001
1907
5 g M -S 2
189 ,000 S ep t 2 1927
l e t to call a t 105 and ln t. o n 60 d a y s ’ n o t ic e . S ee V . 73, p . 494 .
g ($1,000) gu p A l . c * j N ation a l T ru s t C o .. L t d ., T o r o n t o . T ru ste e.
Detroit & Pontiac Ry.
Bonds.— S . W . A A m h . b o n d s are s u b j. to call a fte r D eo. 1 1912 a t 105.
•1st m o rtg a g e , $ 5 0 0 ,0 0 0 , g o ld )
1897
5 g F -A
$50 0,00 0 F e b 1 1923
W in d so r A T e c u m , b on d s are g u a r ., p . A 1., b y S a n d . W in d s o r A A m h e r s tb .
( $ 1 , 0 0 0 ) ................................ c * ) W a s h in g to n T r u s t C o ., N . Y . .T ru stee.
Ry.
T h e y are re d . o n an d a fter S e p t. 2 1917 a t 105 an d ln t. o n 60 d a y s ’
J In te re st a t P e o p le ’s S ta te B a n k , D e tr o it.
n o tice . In terest on b o th m ortg a ges Is p a y a b le a t c o m p a n y ’ s o ffic e .
1st c o n m tg e . g ($ 1 ,0 0 0 ),1 1901 4 ^ g J - D
600 ,000 Jun e 1 1926
R
O
A
D .— O perates 36.64 m iles o f tra ck In a n d be tw e e n W in d s o r , W a lk er
$ 1 ,1 0 0 ,0 0 0
..................c * A r / l n t . a t W a s h in g to n T ru s t C o .. N . Y . , T ru stee
e , S a n d w ich an d A m h e r s tb u r g , In clu d in g C ity R y . o f W in d s o r (2 .5 3
Bonds.— $50 0,00 0 co n s o lid a te d m tg e . 4 ) 4 % b o n d s are reserved t o retire vlP
m
ile
s
),
op e ra te d u n d e r le a s e .— V . 75, p . 1303, 1400.
like a m o u n t o f 1st m tg e . b o n d s.
B o n d s are s u b je c t t o ca ll at 105 an d Inter
est o n 60 d a y s ’ n o tice a fte r Ju n e 1 1911.
P rin cip a l a n d Interest o f b o th
(3) D e tro it M on roe & T o le d o Short Line R y .
Ussues gu a ra n teed b y D e tr o it U n ite d b y e n d o rs e m e n t.
In F e b ., ’06 en tire s to c k w as a cq u ire d b y D e t. U n it. R y . V . 8 2 . p. 392 .
Wyandotte & Detroit River Ry.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M ich igan o n D e ce m b e r 11 1902.
Y st
con sol
M.
$425,0001
1898
5 g J -D
$425,000 D e c 1 1 9 1 8
S
TOCKS AN D BO N DS—
Date. Interest. Outstanding.
M aturity
($ 1 .0 0 0 ). g o ld ___________c*J In terest a t U n io n T ru st C o ., D e tr o it, T ru s te e .
S to c k , $ 3,000,000 ............. ..................................................$ 2 ,5 8 1 ,0 0 0
.......................
Detroit & Flint Railway.
1st m o rtg a g e ,
$3,000,000 ,1 1903
5 g J-J
2 ,5 8 1 ,0 0 0 Ja n . 1 1 9 3 3
T h e D e tr o it & F lin t R y . w as org a n ize d t o a cq u ire th e D e tr o it R o c h e s te r
gold
($ 1 ,0 0 0 )___________ c * /
U n ion T ru s t C o ., D e tr o it, T ru ste e .
R o m e o A L a k e O rion , to g e th e r w ith th e N o r. D e t. E le c . R y , an d th e D e t.
Bonds.— In terest Is p a y a b le In N ew Y o r k . N o sin k in g fu n d an d b on d s
U tic a A R o m e o R y . T h e co n s o l, m tg e . Is a 1st lien on these last tw o p r o p ’s. are n o t s u b je c t to ca ll.
O f th e $ 2 ,5 8 1 ,0 0 0 rep o rte d o u ts ta n d in g a b o v e
Date.
Interest. Outstanding. Maturity. $97 ,000 w ere on D e c. 31 1911 In th e D e tro it U n ited tre a su ry.
D R R A L O R y 1st m t g e .] 1900 5 g J -D
$1,1 0 0 ,0 0 0 Ju n e 1 1920
R O A D .— O perates 50 m iles o f ro a d fro m T o le d o to D e tro it and 4 m iles o f
sin k in g fu n d , gold ($ 1 ,0 0 0 ), [In te r e s t a t A m e rica n T ru s t A S av in gs B a n k ,
$1 5 0 0 ,0 0 0 ; unissued b o n d s !
C h ica g o , T ru stee; also G u a ra n ty T ru st road fro m M on roe t o L a k e E rie; c o m p le t e d N o v . 5 1904. A t T o le d o c o n
n
e
c tio n Is m a d e w ith the L a k e S h ore E le ctric R y . fo r C le ve la n d .
Is o f
h a v e been c a n c e le d .......... c*J
C o ., N ew Y o r k .
steam road c o n s tr u c tio n , o n p r iv a te right o f w a y ; stan d ard g a u g e , laid w ith
D etroit * F lin t 1st c o n s o l M,1
1901
5 g F -A
$ 1 ,4 0 0 ,0 0 0 A u g 1 1921
g,
$ 3 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ) - . c * J l n t . at T r . C o . o f A m e r ic a , N . Y . , T r u s te e7. 0 -lb . T -ra lls. T o ta l tr a c k . 77 .1 7 m ile s .— V . 79, p . 2455; V . 8 2 , p . 392 .
Bonds.— O f the co n s o lid a te d m tg e ., $1,1 0 0 ,0 0 0 are reserved t o retire
(4) D etroit J a c k s o n & C h ic a g o R y .
b on d s o f lik e a m o u n t o f the D . R . R . & Lake O . R y . and $500,000 have been
O R G A N I Z A T I O N .— A h o ld in g c o . organ ized In M ich . In 1907 b y D e tro it
c a n c e le d .
C on solid a ted bon d s are s u b je c t t o call a t 100 a n d Interest U nited Interests to ta k e o v e r the D e t. Y p s ll. A n n A r b o r A J a c k . R y , th e
o n 60 d a y s ' n o tice .
B o th Issues are g u aran teed b y th e D e tro it J a c k . A n n A r b o r A D e t. R y . an d th e D o t. P ly m . A N o rth v llle R y .. p a y in g
U n ited R y .; see fo rm o f g u a ra n ty In V . 7 6 , p . 1300; as “ a d d itio n a l collateral
th erefor $ 1 ,2 3 0 ,0 0 0 .
E n tire s to c k o w n e d b y D e tro it U n ited R y .
s e c u r it y ” on th e F lint b o n d s 1st c o n s o l. 4 H % b o n d s o f th e D e tr o it U nited
STOCK AN D B O N D S—
Date.
Interest. Outstanding.
Maturity.
are d e p o s ite d , $ for $, w ith th e G u a ra n ty T ru s t C o. o f N ew Y o r k , an d w o u ld
S t o c k , $25,000 ($ 1 0 0 )..............................
...............
$25 ,000 .......................
be a v a ila b le In th e e v e n t o f d e fa u lt on the D e tro it A F lin t b o n d s.
I
s
t
c
o
n
s
M
,
$4,0
0
0
,0
0
0
($1
,0
0
0
)1
1
9
0
7
5
g
F
-A
1
,4
0
0
.0
0
0
F
e
b
1 1937
R E P O R T .— A n nual re p o r t o f th e D e tr o it U n ited R y . fo r th e ye a r e n d in g
g o l d _______________________ c * i ln t . a t S e cu rity T r u s t C o . , D e tr o it, T r u s te e .
D e o . 31 1911 w as pu b lish ed In V . 94, p . 485 .
B O N D S .— B o n d s are s u b je c t to call o n a n y Interest d a y a t 105 an d In
Detroit United Ry.. Rapid Ry. Sys.. Sandw. Wind. & Amherstb. R y.,D ct terest. G u aran teed, p. A 1., b y th e D e tro it U nited R y s .; e n ou gh b o n d s are
Monroe
Tol. Sh. Line Ry. and Det. Jack. & Chic.
reserved to retire b o n d e d d e b t o f th e D e t. Y p s . A n n A r . A J a c k . R y . V .8 5 ,
d . 345.
O f th e a m o u n t r e p o rte d o u ts ta n d in g , $ 5 1 5,00 0 w ere o n D eo. 31
1911.
1910.
1909.
1911 In the D e tro it U nited treasu ry.
R e v e n u e pa ssen gers____________________1 8 2 ,612 ,78 6 165 ,920 ,75 3 142 ,981 ,31 6
T r a n sfe r p a ssen gers___________________ 53,6 5 2 ,8 7 9
4 8 ,2 3 7 ,7 2 0 41,6 2 9 ,8 4 4
(a) D etroit Y p silan ti Ann A rb o r & J a ck so n R y .
G ross e a rn in g s __________________________ $ 10 ,253 ,13 4
$ 9 ,3 4 5 ,2 1 9 $8,0 4 7 ,5 5 5
O R G A N I Z A T I O N .— O rga n ized In M ichigan in 1001; a b s o r b e d b y p u r
O p e r a tin g e x p e n s e s ___________________
6,5 8 0 ,0 4 2
5 ,9 8 1 ,0 6 5
5,0 4 2 ,7 2 4 ch ase the D e tro it Y p silan ti A A n n A r b o r R y . an d th e Y p s ila n ti A Salin e
E lectric R y .
F ranchises w h ich are n o t p erpetu al ex p ire In 1927
$3,6 7 3 ,0 9 2
$3,3 6 4 ,1 5 4
$3,004,831
N et earn in gs fro m operatl
STOCK A N D B O N D S—
Date. Interest. Outstanding. Maturity.
152,768
178,813
144,833
I n c o m e fro m o th e r s o u r c e s .
S t o c k .c o m . ($ 2 ,6 0 0 ,0 0 0 ) ____ - ......................................$2,6 0 0 ,0 0 0
.......................
$ 3 ,8 5 1 ,9 0 5
$3,5 1 6 ,9 2 2
$ 3 ,149,664
1st c o n s o l. M .. $2,600,0001 1901
5 g F -A
1,610,000 F e b . 1 1 9 2 0
2 ,1 2 3 ,3 9 8
2 ,0 3 0 ,6 2 2
1,880,129
$500 ($ 1 ,0 0 0 ), g o l d ___ c * / l n t . a t D e tro it T ru st C o ., D e tr o it, T r u s te e .
625 ,0 0 0
D iv id e n d s ( 5 % ) ------------------- ; —
D e t. Y p . A A n n A r. 1st M .l 1897
6 g M -N
600 ,000 N o v . 1 1917
4 00 ,000
400 ,000
4 0 0 ,0 0 0
D ep recia tion ch a rg ed o f f ________
($ 6 0 0 ,0 0 0 ),
g.
$500 o r ) Interest a t U nion T ru s t C o ., D e tr o it . T ru stee
100,000
100,000
C o n tin g e n t lia b ility res e r v e _____
D et Y p s A A n n A r co n s 1st Ml 1899
6 g F -A
3 30 ,000 F e b 1 1924
T o t a l d e d u c t i o n s .................................... $ 3 ,1 4 8 ,3 9 8
$ 2 ,5 3 0 ,6 2 2
$ 2 ,3 8 0 ,1 2 9
$1,0 0 0 ,0 0 0 g ($500 A $ l ,- ) I n t e r e s t at U n ion T ru s t C o ., D e tr o it. T ru stee.
S u rp lu s in c o m e ________________________
$70 3,50 7
$98 6,30 0
$76 9,53 5
________
,
_
000)
sinking
fu
n
d
a
n
n
u
a
lly
j
D I V I D E N D S .— First d iv id e n d o f 1 % on D e tr o it U n ited s to c k w as paid
6
J -J
60,000 J u ly 1 1 9 1 9
Y p . A Saline 1st M ....................- -------M arch 1 1901 and 1 % q u a rte rly th e re a fte r until A u g . 1 1905, w h en rate
O f the new 1st m o rtg a g e o f $ 2 ,6 0 0 ,0 0 0 , $990,000 are reserved fo r u n d er
w as raised t o I K % q u a rte r ly .
O n N o v . 1 1905 1 H %.
In 1906 5 % .
In
1907, F e b ., 1 M % : M a y . 1 K % ; A u g ., 1 K % .
N o n e t o M c h . 1911. w hen ly in g liens. First co n s o ls c a n n o t be c a lle d . See V . 7 5 , p . 666.
R O A D .— C o m p le te d and In o p e r a tio n fro m D e tro it (th ro u g h W a y n e
1 K % was p a id ; sam e a m o u n t q u a r sin ce to and in cl. S e p t . 1912.
and Y p silanti) to A n n A r b o r and to J a ck s o n ; m ak in g m ileage 100 m iles, o f
R O A D .— O n Jan . 1 1912 o p e r a te d 777 .292 m iles o f tr a c k , as fo llo w s:
D e tr o it U n ite d , Inclu din g W y a n d o tt e A D e tr o it R iv e r R y ., D e tro it A w hich 40 m iles o v e r p riv a te right o f w a y . T o ta l tr a c k , 106 .78 m ile s .
R alls 70 and 7 5 -lb . T and girder.
D oes a freigh t bu sin ess.— V . 7 9 , p. 269;
N o rth w e s te r n , D e tr o it A P o n tia c , D e tr o it A F lin t, 426 .9 9 m iles; D e tro it A
V . 81, p. 1723; V . 8 4 . p. 5 1 , 450.
P o r t H u ron S h ore L in e, 129.71 m iles; S an d w ich W in d s o r A A m herstburg
R y ., 36 .6 4 m iles; D e tr o it M on roe A T o le d o S h o rt L in e , 77.17 m iles; D e tro it
J a ck son A C h icago R y ., 106 .78 m ile s.
R alls, 77. 85 an d 98 lb . steel. D oes
an express s e r v ic e . H as 1,200 clo se d passenger cars, 2 8 4 o p e n passenger cars,
D O YLE STO W N , P A .
2 3 2 freig h t a n d c o n s tr u c tio n ca rs, 35 line ca rs, 61 express cars, 12 m iscel
P H I L A D E L P H I A & E A ST O N E L E C T R IC R Y . C O .— A tr o lle y r o a d .
la n eou s ca rs, 2 lo c o m o tiv e s , 3,3 4 4 m o to rs an d 2,5 5 6 tru ck s . T h ere are 11
Receivership.— O n A p ril 5 1912 J u d g e R y a n in B u ck s C o u n ty C o u rt a p
p ow er-h ou ses, w ith a c o m b in e d c a p a c it y o f 4 7 ,5 9 0 h . p ., 2 s torage batteries
w ith a c o m b in e d c a p a c it y o f 4,5 0 0 am peres an d 23 s u b -sta tio n s w ith a p o in te d A . II. S lck ler (P res, o f C o .) an d G o d fr e y S ch m ld h elser o f P h lla .
receivers. V . 94, p . 699, 1057. It is in te n d e d t o reorgan ize an d r e d u ce
c o m b in e d c a p a c it y o f 2 0 ,8 5 0 k . w .
O F F I C E R S .— P res., J . C . H u tch in s , D e tr o it; V . - P . ’ s, A rth u r P a ck , D e
c a p ita liz a tio n .
t r o lt , E. W . M oore, C lev e la n d , an d A . J . F e rgu so n , M ontreal; T re a s ., G eorge
O R G A N I Z A T I O N .— O rga n ized In 1907 as su ccessor t o th e P h ila d elp h ia
H . R u ssel, D e tro it: S eo., A . E . P eters. D e tr o it; G en. M g r.. F . W . B ro o k s,
A E a sto n R y . (fo rm e rly th e D o y le s to w n A E a sto n S tre e t R y . ) , so ld at
D e tr o it.
G eneral o ffic e s , 12 W o o d w a r d A v e ., D e tr o it. — V . 90, p . 372 , 445, tru stee’ s sale M ay 31 1907.
976 , 1101: V . 91, p . 39 7 , 790 , 870 , 945 ; V . 9 2 , p. 59, 118, 186, 2 6 1 , 322
S T O C K A N D BO N DS—
Date.
Interest. Outstanding. Maturity.
394 , 455, 594. 659, 956. 1032; V . 93, p . 163, 1190, 1725; V . 94, p . 123, 207,
C o m m o n $26 5,00 0 ($ 5 0 )..............................................
$ 2 5 8,80 0 .......................
278, 416, 485, 767, 1507; V . 95, p . 110. 1
P ref $ 3 6 5,00 0 5 % n o n - c u m . . ------------------3 5 4 ,8 0 0 ____________
1st m tg e $ 1 ,0 0 0 ,0 0 0 ($1,000.1 1907
5 g M -S
911 ,0 0 0 S e p t 1 1937
(1)
Detroit & Port Huron Shore Line R y.— A tr o lle y r o a d .
$500 and $ 100) g o l d ____ o ’ jln t e r e s t at G irard T ru s t C o ., P h lla ., T r u s t e e .
E n tire ou tsta n d in g ca p ita l s to c k Is now o w n e d b y th e D e tro it U n ited R y .
O R G A N I Z A T I O N .— In c o r p o r a te d In M ay 1900.
Is a co n s o lid a tio n o f
S T O C K .— P referred shares h a v e n o v o t in g p o w e r.
th e R a p id R a ilw a y C o ., th e D e tr o it M t. C lem ens A M arine C ity R y . (th e
Bonds — T h e new $ 1,0 00 ,0 0 0 b o n d s are n o t s u b je c t to call and no sin k in g
p u rch aser o f th e p rop erties o f th e M t. C lem ens A L a k esid e T r a c tio n C o. and
(u n d .
In te re st w as 4 % to S e p t. 1 1911; Is n o w 5 % .
the D e tr o it A R iv e r S t. Clair R y . ) , th e P o rt H u ron S t. Clair A M arine City
E A R N I N G S .— F o r y ear e n d in g D e c. 31 1911, gross, $96 ,1 5 5 ; n e t, $25 ,078
R y ., th e C on nors Creek A C lin ton R iv e r P lan k R o a d C o. and th e City
R O A D .— O perates 31 m iles o f road be tw e e n D o y le s to w n and E a s to n .
E le c tr ic R y . o f P o r t H u ro n . T h e new c o m p a n y ow n s th e ca p ita l s to c k of
ea ch ro a d .
T h e co n s o lid a te d c o m p a n y o p e ra te s all th e tra ck s In M t. C lem O perates 8 ca rs.
ens and P o rt H u ron , an d th e th ro u g h r o u te fro m D e tr o it t o P o rt H u ron
O F F I C E R S .— P r e s ., A . I I . S lck le r. P h lla .; V . - P . , W . J . L escu re; S e o .,
ru n n in g th rou gh M t. C lem ens, N ew B a ltim o re , A lg o n a c M arine C ity and
W . S . C h am bers, D o y le s to w n ; Treas., II. G. R u sh, L a n c a s te r .— V . 8 5 , p . 4 7 0 ;
S t . Clair. A ls o ow ns th e c a p ita l s to c k o f th e D e tr o it A L a ke S t. Clair R y .
V . 04, p . 699, 1057.
STOC K A N D B O N D S—
Date.
Interest. Outstanding. Maturity
S t o c k . $ 2 ,500,000 ($ 1 0 0 )...............................................
$2,0 0 0 ,0 0 0 ......................
1st m tg e , $2,500,000 ($1,000)1 1900
5 g J-J
1 ,717,000 Jan
11950
D U BOIS, P A .
c a n n o t be c a lle d , g old c * A r [ U n lo n T ru s t C o ., D e tr o it , T ru stee.
DU BOIS ELECTRIC & TRACTION CO.— A trolley road and electrlo
j l n t . a t A m e rica n E x c h . N a t. B a n k . N . Y .
lighting plant.
„
Bonds.— O f th e new 1st m o r tg a g e , $78 3,00 0 Is set aside to retire u nd er
O R G A N I Z A T I O N .— In co rp o ra te d In N ew Jersey on N o v . l b 1901 as
ly in g Hens (n a m ely th e b o n d s o f th e R a p id R a ilw a y an d o f the C ity E le ctric
the A m erican T o w n L igh t C o . an d n am e ch a n ged later as a b o v e .
Is a
R y . an d th e P o r t H u ron S t. Clair A M arine C ity R y .) .
O f the $ 1 ,7 1 7 ,0 0 0
b on d s rep orted ou ts ta n d in g , $1 2 5 ,0 0 0 w ere o n D eo. 31 1911 held In the con so lid a tio n o f the Du Bols E le ctric C o an d th e D u B ols T r a c tio n C o. V
76, p. 972 .
T h e U n ite d T r a c tio n S tr e e t R y . (w hich Is a co n s o lid a tio n
trea su ry o f th e D e tro it U n ite d .
in 1908 o f th e U n ite d T r a c . S t. R y . an d U n ite d T r a c . E x ten sion S t. R R .)
Rapid Railway.
w ith $20 0,00 0 o f 5 % b o n d s an d $20 0,00 0 s t o c k , w hich o p era tes a lino 14
BO N DS—
Date.
Interest. Outstanding. Maturity
m iles fro m D u B ots to S y k cs v lllc an d B ig R u n , Is c o n tro lle d an d o w n ed b y
1st
m o r tg a g e ,
$300,000,1 1895
5
M -S
$30 0,00 0 M ay 1 1915
sam e Interests th a t c o n tr o l the D u B o ls E l. A T r . C o.
F ran ch ises fo r b oth
($1 0 0 0 ) _________________ c*l ln t . a t F in a n ce C o . o f P e n n a ., P h lla ., T ru stee
street railw ay an d ele ctric ligh tin g arc p erpetu al an d e x c lu s iv e .
1st C on solid a ted m o r tg a g e ,!
1896 5 g M -N
$300,000 M ay 1 1916
S
T
O
C
K
A
N
D
B
O
N
D
S
—
Date.
Interest.
Outstanding.
Maturity.
$600,000 (g old )
_______c * J ln t . at F in a n ce C o. o f P e n n a ., P h lla ., T ru stee
S to ck , $300,000 ($ 1 0 0 )............... .... .................................... $30 0,00 0
.......................
O f th e co n s o l, m ortg a ge b o n d s o f 1896, $30 0,00 0 are reserved to ta k e up
C oll.
tr.
m tg e .
$300.0001 1902
5 g M -N
2 9 7 ,0 0 0
M ay 1 1932
th e o u ts ta n d in g first m o rtg a g e b o n d s.
($ 5 0 0 ), g o l d - .......... ......... c ’ j l n t . at K n ic k e r b o c k e r T r . C o ., N . Y . T r u s t .
City Electric Railway (of Port Huron).
Bonds.— N o s . f . , b u t s u b je c t to call a t a n y tim e a t 105 an d ln t.
BO N DS—
Date.
Interest. Outstanding. Maturity
E A R N IN G S .— F o r y e a r e n d in g Ju n e 30 1912 (Incl. U nited T r a c . S t. R y .) ,
1st
m o r tg a g e . $ 2 0 0 ,0 0 0 ,1 1893
6 g M -S
$180,000 M ar. 1 1913 gross, $89,099; n et, 527,438; ch arges a n d ta x e s , $15 ,482 ; surplus, $11 ,956 .
g o ld , $1,000
_____________ ( S u b je c t to call a t 105 an d ln t.
R O A D .— O perates 19 m iles (In clu d in g U n ite d T r a c . S t. R y .) In D u B o ls .
l in t , a t H a n o v e r N a tion a l B a n k , N . Y . C ity .
and exten sion s to Fall C reek, S y k e sv llle an d to Big R u n , w here c o n n e c tio n
Bonds.— T h e m o r tg a g e tru stee Is th e U n io n T ru s t C o m p a n y o f D e tro it
Is m a d e w ith tracks o f the Jefferson T r a c tio n C o. S tan d ard ga u g e; 60 an d
Port Huron S t. C lair & M arine C ity R a ilw a y
7 0 -lb . girder an d T rail.
BON DS—
Date.
interest. Outstanding. Maturity
O F F I C E R S .— P r e s ..A u s t in B lakeslee: V . - P . , J . E . M errls: S e c ., J . H .
1st m o r tg a g e , g .. $300.0001
1900 5
M -S
$3,000 M ar. 1 1920
Crlssm an; T r e a s ., B. B . M cC rclgh t, all o f Du B o ls .— V . 89, p . 1667.
($500 an d $ 1 ,0 0 0 )................../U n io n T ru s t C o ., D e tr o it, T ru stee.
T h e rem ain in g $297,000 b o n d s h a v e been c a n c e le d .
Detroit Fort Wayne & Belle Isle.
1st
m tg e.
g.
$1,2 0 0 ,0 0 0 f 1898
5 g A -O
$1,2 0 0 ,0 0 0 A p ril 1 1928
($ 1 ,0 0 0 ) ...........................c * r (N e w Y o r k T ru s t C o ., T ru s te e .
ISubJect t o call at $105 a n d ln t. o n 60 d .n o t ic e
In terest at K ea n , V a n C o rtla n d t & C o .. N e w Y o r k .
&
Detroit & Lake St. Clair Ry. Co.
BO N DS—
Date.
interest. Outstanding. Maturity.
1st m o r tg a g e , $40 0,00 0, g o ld l
1900 5 g A -O
$300,000 A p r. 1 1920
$1,000) ............................. c * ( In te re st a t U n ion T ru st C o .. D e tr o it, T ru ste e
Bonds.— T h e bon d s a rc g u a ra n te e d , p rin cip a l and Interest, b y th e D e tro it
A P o r t H u ron S hore L in e R y . , th e R a p id R a ilw a y C o. a n d th e D e tro it M t.
C lem ens A M arine C ity R y . T h e y are n o t s u b je c t to call.
O f th e $39 0,00 0
••ported o u ts ta n d in g , $ 1 0 0,00 0 w ere held b y th e D e t. U nit. D e c. 31 1911.
R O A D .— T o ta l D e t. A P o r t H u ron S y s te m , 129.71 m iles.
E A R N I N G S .— N ow In clu d ed In re p o rt o f D e tr o it U n ited R y . — V . 77, p .
34. V 84. p . 338.
D U B U Q U E , IO W A .
UNION ELECTRIC CO. IN IOWA.— Trolley.
O R G A N I Z A T I O N .— In co rp o ra te d In Io w a In 1900 as a c o n s o lid a tio n o f
the H o m e E lectric C o ., the D u bu qu e S treet R y . and the Star E le ctric C o .,
w hich co n stitu te the entire ele ctric ligh t and street railw ay p ro p e rtie s o f th e
c it y o f D u b u q u e . I o w a . Franchises m atu re 1927.
STOCK AN D BO N DS—
Date.
Interest. Outstanding.
Maturity.
C o m m o n $75 0,00 0 ($ 1 0 0 )....................
Q -J
$70 0,00 0 M a y ’ 12, 1 %
P referred ($100) 6 % c u m ................. m o n th ly
8 07 ,000 S ec t e x t
F irst m o rtg age $ 9 8 0,00 0 g o ld ] 1004
5 g M -N
840 ,0 0 0 M a y 1 1924
( 5 1 , 0 0 0 ) _________________ c * / I n t . a t I .. T r . A S a v . B k ., C h ica g o , T ru s tee
R em a in in g $ 80 ,000 b on d s reserved fo r 8 0 % o f c o s t o f e x te n . an d im p ts .;
b u t o n ly In ev en t o f Increase o f s to c k , a n d then t o o n ly 2-3 o f su ch Increase;
b u t In n o case to bo m ad e earlier than 2 years fro m d a te o f b o n d s .
B on ds
s u b j. to call a t 103 an d Int. Sinking fund o f $15 ,0 0 0 p er a n n u m began
A p ril 30 1008. $00,000 h a v e been re tire d .
Dividends.— M o n th ly d lv s . o f /4 % o n p re f. h a v e been p a id sin ce J u ly
1907. O n c o m ., first d l v ., 1 % , paid J u ly 1911; O c t ., 1 % ; in 1912, J a n .,
1 % ; A p r ., 1 % ; M ay, 1 % .
E A R N I N G S .— F o r ca l. y e a r 1911, gross, $41 5 ,5 0 5 ; n et, $ 15 0,17 7; 1910,
gross, $38 7,38 7; n et, $14 0 ,9 4 7 .
R O A D .— O w ns and operates a b o u t 1 7 /4 m iles o f tra ck o n 1414 m iles o f
street in D u b u q u e, W est D u b u q u e and t o U n ion an d N u tw o o d p a rk s, an d
has co n tr a c t w ith th e c ity fo r su p p ly in g e le ctr ic lig h ts.
O F F I C E R S .— P res ., F . D . S to u t, C h icago; V .- P . , D . D . M yers; S ec. and
T rea s., J. R . L in d sa y , R a ilw a y E x ch a n g e , C h ica g o ; G en. M g r., S. A .
F r c s h n e y .— V . 71, p. 2043; V . 84, p . 1553; V . 80, p . 983.
D U L U T H , M IN N .
D U L U T H — S U P E R I O R T R A C T IO N .— T r o lle y .
O R G A N I Z A T I O N .— In c o r p o r a te d In C o n n e c tic u t In 1897. O w ns entire
s tock o f the D ulu th S treet R y .. th e L a k eside S tre e t R y . an d th e S up er
ior R a p id T ra n sit. T h e c o r p o r a te existe n ce o f th e D u lu th S treet R y .
Is m ain tain ed, bu t all o f Its s to ck ($2 ,0 0 0 000 a u th o r iz e d , $ 1 ,800 000 o u t
standing) Is held b y th e D u lu th -S u p e rio r T r a c t io n . T h is la tte r c o m p a n y
has n o bon d ed d e b t. T h e D ulu th Street R y . was org a n ize d u nd er A c t
o f M in nesota a p p ro v e d N o v . 17 1881 an d possesses " a n e x c lu s iv e fra n ch is e ”
w hich runs until 1931. See d ecision w ith regard t o fra n ch ises In S u p erior
In V . 80, p . 1911. T h e D u lu th -S u p e rio r B ridge be tw e e n D u lu th , M in n ., and
S u p erior, VVls., Is used b y th e ra ilw a y bu t Is a sep arate c o r p o r a tio n , and has
Issued first m ortg age b on d s fo r $85 0,00 0 an d se c o n d m o rtg a g e b on d s fo r
$ 3 0 0 ,0 0 0 — see brid g e Item s.
V . 63, p . 310 , 504 . In 1903 en tered Into
c o n t r a c t w ith th e G reat N orth ern P o w e r C o . t o s u p p ly su ffic ie n t pow er to
o p e r a te th e s treet railw ays In b o th c itie s . P o w e r w as bein g deliv e re d in
^^Strike.— In S ep t. 1912 there was a strik e o n lines o f th e D u lu th S t. R y .,
a tte n d e d b y riotin g.
Maturity.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
$ 3 ,5 0 0 ,0 0 0 O c t ’ 12,1 /4 %
C o m m o n , $ 3 ,5 0 0 ,0 0 0 ($ 1 0 0 )...............
Q -J
1 .500.000 O c t ’ 1 2 , 1 %
P ref. 4 % cu m . $1,500,000 ( $ 1 0 0 )------Q -J
2 .5 0 0 .0 0 0 M ay 1 1930
D uluth S t. R y . M .. $2,500,0001 1900
5 g M AN
gold ($1,000) ...................... o ’ / I n t . at C en t. T ru st C o ., N Y . . T ru stee.
Dul S t R y gen M $2,500,000 ,1 1910
5 M -N
5 5 7 ,0 0 0 M a y 1 1930
g o ld ($1,000) s k - fd .......... c * j I n t . a t C entral T r . C o ., N . Y . , T ru stee.
Stock.— B oth c o m . and pref. Is listed o n N . Y . S to c k E x c h . V . 90, p . 848 ,
Bonds.— T h e in tg c. o f 1900 co v e rs all th e m ileage o f th e D u lu th S treet R y ..
the p rop erty o f the L a k eside S t. R y . an d o f th e S u p erior R a p id T ran sit
h avin g first been c o n v e y e d to th e D u lu th S t. R y . T h e g e n . m tg e . b on d s are
su b ], t o call o n a n y Int. d a y a t 105 an d Int. R e m a in in g b o n d s m ay bo
Issued for a d d ition s, ex te n sio n s, & o. T h e are g u a r ., p . & I., b y D u l.-S u p .
T r a c t . C o.
V . 90, p . 1296; V . 91, p . 276; V . 9 2 , p . 186.
Dividends.— O n the p re f. s to c k 4 % p . a . Is b e in g p a id . O n c o m ., 1st d lv
— 1 % — O ct. 1909. S am e a m o u n t q u a r. to a n d Incl. J u ly 1910; in O et
1910. 1 14%. S am e a m o u n t q u a r. to a n d In clu din g O c t . 1912.
R O A D .— T h e system em b ra ce s 80.43 m iles o f tra ck a n d Inclu des all the
lines In D ulu th a n d S u p erior.
125 ca rs.
R E P O R T .— F or ca len d a r years: (R e p o r t fo r 1911 In V . 94, p . 345.)
Gross
Earns.
Net
Depreci- Int. & Pf.Dtv.
Common
Bat.,
Earns, alton. Taxes. ( 4 % ) .
Dividend. Surp.
$
$
$
$
$
$
$
1911 ........... 1 ,135,300 527 ,164 58,288 208,161 60,000 (5 % )1 7 5 ,0 0 0 25,715
1910 ........... 1,091,582 4 87 ,507 54,570 190,779 60,0 0 0 (4 14)157 ,500 24,649
In 1911 carried 2 2 ,1 8 6 ,9 3 0 re ve n u e and 3 ,7 8 7 ,7 9 1 transfer passengers,
a gain st 2 1,624,039 reven u e an d 4 ,0 3 6 ,8 1 5 transfers In 1910.
O F F I C E R S .— P res ., C. G . G o o d r ic h ; V .- P . , A . E . A m e s ; V . - P . an d G en .
M gr . H erb ert W arren ; S e c . & T r e a s ., S . L . R e ic h e r t; A s s t. S e c ., E d m u n d
Z a c lie r .— V . 72, p . 183, 627; V . 8 0 , p . 1911; V . 8 9 , p . 285 , 666; V . 90, p .
627, 1296; V . 91, p . 21 1 , 276, 654; V . 92, p . 186, 8 7 6 ; V . 93, p . 666; V .
94, ’ p . 345.
Year—
EAST LIVE R PO O L, OHIO.
T R I -S T A T E R A I L W A Y & E L E C T R IC CO .
O R G A N I Z A T I O N .— I n c o r p o r a t e d In O h io . Is a co n s o lid a tio n o f th e
fo llo w in g com p a n ies (V . 9 3 ,^ ). 165 ):
S te u b e n v . W c lls b u r g & W e lrto n R y .
B ea ver C ou n ty (P a .) L ig h t
C o . (VV. V a .) .
M id lan d (P a.) E l. L t . & P o w e r C o.
S te u b e n v . & W c lls b u r g T r a c tio n Co W e lls b . E l. L t . ,I I t .& P .C o .( W . V a .) .
( O h io ) .
L eases for 999 years th e E a st L iv e r p o o l T r a c tio n & L ig h t C o. and the
S teu b en v ille & E a st L iv e r p o o l R y . & L t . C o. (O h io ), an d c o n tr o ls the O h io
R iv e r Passenger R y . C o. th rou gh lease t o S te u b e n v ille W e llsb . & W e lrto n
R y . fo r 90 years. T h e leases o f th e S te u b e n v ille & E a st L iv e r p o o l R y . &
L t . C o. an d the O h io R lv . P ass. R y . m a y be te rm in a te d o n co n d itio n s ex
pressed In leases. T h e earnings o f th e leased co m p a n ie s , a fte r p a y in g all
fixed charges, are d istrib u ta b le o n s to c k o f T ri-S ta te R y . & E le c . C o ., on
an agreed basis, prior to d is trib u tio n o n s to ck s o f leased co m p a n ie s . T h e
co m b in e d com p a n ies ow n and o p e ra te e le ctr ic railw ays, e le ctric ligh tin g and
p ow er plants a lo n g the O h io R iv e r In O h io , P en n a. an d W e st V a ., and the
railw ay su spension brid ge b etw een E a st L iv e r p o o l an d C hester, W . V a .,
an d c o n tr o l, th rou gh s to c k ow n e rsh ip , th e railw ay brid ge b etw een S te u b e n
v ille and M iddle F erry, W . V a . T e r r ito r y served ex te n d s fro m W cllsb u rg ,
W V a ., tip the O h io R iv e r t o R o ch e s te r and B ea ver, l ’ a ., a d ista n ce o f 60
m iles. A t R och ester c o n n e c ts w ith e lectric railw ay s ervin g th a t te rritory
a n d at W clls b u rg w ith line running to W h e e lin g an d o th e r W est V a . poin ts.
Franchises range from 25 years to perpetu al.
In J u ly 1911 M unicipal & G eneral S ecurities C o ., L t d ., L o n d o n , offered
a b lo c k o f 1st M . an d c o ll, trust b o n d s at 9 5 % , w ith a bon u s o f 2 0 % co m
stock .
V . 93, p . 165.
P re f. s to c k w as so ld a t $90 per $100 share.
STOCK AN D BO N DS.
Date.
Interest. Outstanding. Maturity
C om m on 5 2 , 0 0 0 , 0 0 0 - . - ................................................... ..................................................■
P ref $1 000 ,000 ($100) 6 % ------------------------------575 ,800 -----------------F irst a n d c oll tru st m tge $2.-1 1911
6 A - 0 _____ 668 000 A p r 1 1950
tnn o o o gold sinking fu n d -J I n t . a t B ankers T r .C o .,N .Y .,t r u s t .,o r L o n d .
ng
......................................... $ 1 ,5 0 0 ,0 0 0
..........................
U nudlerlv
erly in
g b on d s (a b ou t)
Mock — P ref. s to c k d lv s . are c u m . fro m Ja n . 1 1913.
jionds __ O f the unissued 1st & c o ll. tr. b o n d s , $33 2,00 0 are fo r co rp o ra te
pu rposes and $1,5 0 0 ,0 0 0 fo r Im p ts., e x te n sio n s, & c., u n d er certa in restric
tion s
S u b je c t to call o n o r a fte r A p ril 1 1916 a t 105 an d Int. o n 60 d a y s ’
n o tice . S in k, fu n d o f 1 % per an n u m o f b o n d s o u t , begins D e c. 1 1915
B on d s a rc listed on L o n d o n S to c k E x ch a n g e .
V . 94, p . 69.
R O A D .— C om b in ed pro p e rtie s co n sist o f a b o u t 115 m iles o f sta n d a rd gau g e single track
O F F I C E R S .— P r e s ., J . I I . P a rd e e , N ew Y o r k ; V .- P ., E d w a rd M . D o n
n ell, E ast L iv e rp o o l; S e c ., T . W . M o ffa t. N ew Y o r k .— V . 93, p. 165;
V . 94, p. 69.
(1) East Liverpool Traction & Light
L E A S E .__ Is leased to T ri-S ta te R y . & E le c . C o . fo r 999 y e a rs.
V . 93,
P O R G A N I Z A T I O N .— In c o r p o r a te d In O h io on S e p t. 30 1905 an d I s a c o n
s o lid a tio n o f the follow in g co m p a n ie s t e e e ^ v . ^ . j j . 1791):
G lasgow R R .
C eram ic C ity L ig h t Co
Island R u n Coal C o.
Chester L igh t <Sc P ow er C o.
P e o p le 's L ig h t & P o w e r C o .
E a st L iv e r p o o l R y .
U n ited P o w e r C o.
E a st L iv e r p o o l B ridge C o.
E a st L iv e rp o o l
& R o c k Springs W e llsvllle E le ctric L ig h t C o .
T h e R o c k Springs P a rk .
S treet R y .
E astern O h io R R .
Date.
Interest. Outstanding.
Maturity
STOCK A N D B O N D S —
_____
.
.
C om m on , $2,500 000 ( $ 1 0 0 ) ............................................$ 2 ,5 0 0 ,0 0 0
5 0 0 ,0 0 0 ____
P ref., 5 % n . c . . $50 0,00 0 ($100)
5 g M -N
2 ,8 5 0 ,0 0 0 N o v 1 1925
1st m ort , $ 3 ,0 0 0 ,0 0 0 , g o ld ! 1905
($ 1 ,000) .......... .......................c j l n t . at U n ion T ru st C o .. P lt t s b ., T ru ste e .
E ast L iv e rp o o l R y .l s t m t g e - - ____
5%
150 ,000 Ju n o 1 1917
Bonds.— Of the $ 3 ,0 0 0 ,0 0 0 1st m tg e . o f 1905, $1 5 0 ,0 0 0 a r c reserved to
retire like a m ou n t o f E ast L iv e r p o o l R y . b o n d s . A re s u b je c t to call on a n y
Interest d ate a t 105.
.......................................
47
ELECTRIC RAILWAYS
(Se p t ., 1912. j
• R O A D .— O w ns a n d op e ra te s 35.85 m iles o f track In and b e tw e e n E a st
L iv e r p o o l a n d W e lls v llle . S ta n d a rd ga u g e, 73-lb. gird er an d T rail. A t
W e lls v llle c o n n e c ts w ith th e S te u b e n v ille & E a st L iv e r p o o l R y . & L t . C o.
an d a t E a st L iv e r p o o l w ith th e O h io R iv e r Pass. R y .
B y tr a ffic a g ree
m en ts w ith th ese t w o co m p a n ie s op e ra te s a th rou gh line b e tw e e n S te u b en
v ille , O ., an d B e a v e r, P a .
55 cars.
O F F I C E R S .— P res. & T re a s ., E d w a rd M cD o n n e ll, E a st L iv e r p o o l; V . - P . ,
C . A . S m ith , C h ester, W . V a ; S e c ., G e o . H . F a u lk ; G 6n. M g r., W . R . W .
G riffin .— V . 81, p . 1791; V . 8 2 , p . 804; V . 90. p . 1490; V . 93. p . 163.
(2) Steubenville & East Liverpool Railway & Light Co.
Lease.— Is leased fo r 999 years t o T r i-S ta te R y . & E le c . C o .
V . 93, p . 165 .
O R G A N I Z A T I O N .— In c o r p o r a te d In O h io A p ril 1906 as su ccessor to
the S teu b en ville T r a c tio n & L ig h t C o ., w h ich In Jan . 1901 had taken over
the S te u b e n v ille G as & E le c tr ic C o . an d th e S te u b e n v ille T r a c tio n C o.
O w ns th e P leasan t H e igh ts line.
L ig h t franchises p e rp e tu a l; street rail
w a y franchises e x p ire 1925 t o 1928.
B o n d s listed o n th e P h ila d elp h ia
S t o c k E x ch a n g e .
STOCK A N D BO N D S—
Date.
Interest. Outstanding. Maturity.
S t o c k , $ 3 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ....................
-, .
$ 3 ,0 0 0 ,0 0 0
.............
F irst m o rtg a g e , $ 3 ,0 0 0 ,0 0 0 / 1907
5 J -J
2 , 210,000 J a n . 1 1 9 2 7
($ 1 .0 0 0 ), g o l d -------------------c l l n t . a t C o m m e rcia l T ru st C o ., P h il., T ru stee.
S teu b en T r a c t & L t 1st m t g e ,j ____
5 g M -N
790 ,0 0 0 M ay 1 1 9 2 6
$ 1 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 ), g . . c * f l n t . a t M e tro p o lita n T ru s t C o .. N . Y . , T ru s .
Bonds.— O f th e new $ 3 ,0 0 0 ,0 0 0 b o n d s , $790,000 are reserved t o retire
prior liens. C a n n ot be c a lle d . S te u b e n v . T r a c . & L ig h t b o n d s are gu aran
teed, prin cipa l an d Interest, b y A m e rica n Gas C o.
R O A D .— O w ns a n d o p e ra te s 41.04 m iles o f track In an d b e tw e e n S te u b en
v ille an d T o r o n t o , th e n ce t o W e lls v llle .
8 5 -lb . rail.
13 clo se d an d 16 op en
cars. A ls o e le ctric-lig h t an d gas p la n ts a n d pleasure park o f 85 acres.
O F F I C E R S .— P res. & T r e a s .. E d w . M cD o n n e ll; S e e ., G eo. H . F a u lk :
G en. M g r ., W . R . W . G riffin .— V . 9 3 , p . 165.
(3) Ohio River Passenger Ry.
Lease.— Is leased t o th e S te a u b e n v llle W e lls v . & W e lrto n R y . C o. fo r
90 years.
O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y lv a n ia .
STOCK AN D BO N D S.
Dale. Interest. Outstanding. Maturity.
S to c k $ 1 ,0 0 0 ,0 0 0 ($ 5 0 )________ ______
___________ $ 1 ,0 0 0 ,0 0 0
F irst m tg e $ 1 ,0 0 0 ,0 0 0 g o l d —
1907
5 J -J
1 .0 0 0 ,0 0 0 J a n 1 1 9 5 7
R O A D .— C on n ects R o c h e s te r a n d B e a v e r, P a ., a n d E a st L iv e r p o o l, O .
L e n g th o f line, 22.48 m iles.
O F F I C E R S .— P res, a n d T r e a s ., E d w . M c D o n n e ll; A s s t. T r e a s ., A .
B a co n , b o th o f E a st L iv e r p o o l.
EASTON, P A .
EASTON CONSOLIDATED ELECTRIC.
O n M ay 1 1904 lease t o L eh igh V a lle y T r a c tio n w as ca n ce le d b y ren tals
b ein g In d e fa u lt.
See V . 7 8 , p . 1446, 1781.
In Jun e 1904 a fu rth er Install
m en t o f $5 p er share w as ca lle d o n s to c k .
V . 78, p. 2 0 1 1 , 2442.
D iv id e n d
p a y m e n ts h a v e b een : J u ly 1900, 3 /4 % o n $10 p a id In; S e p t. 1901 and
M arch an d S e p t. 1902, 3 % o n $15 p a id In; M arch 1903 (p a id In J u ly) and
S ep t. 1903, 4 % o n $15 p aid In.
In D e c . 1905 d eclared a d iv id e n d o f $2 50, and a t sam e tim e ca lled an
assessm ent o f $5 p er share o n th e s to c k ; th e d iv id e n d w as c r e d ite d o n th e
assessm ent, m a k in g th e s to c k 5 0 % p aid In.
V . 8 1 , p. 1791. Cash d iv i
den d s resu m ed In O ct. 1906 b y the p a y m e n t o f 2 1 4 % .
v. 8 3 . d . 687,
2 / 4 % again p aid A p ril 1 1907 an d 2 / 4 % O c t . 1 1907: tnen d iv id e n d s w ere
passed until N o v . 1911, w hen 2 % w as p a id . In 1912, M ay, 2 % .
O R G A N I Z A T I O N .— C o n so lid a tio n b y s t o c k ow n e rsh ip o f th e E a ston
T ra n sit C o ., th e E d ison Illu m in a tin g C o . o f E a s to n , th e E a sto n P a lm er &
B eth leh em S tre e t R y . C o ., the E a ston & B eth leh em T ra n sit C o .. N o rth a m p
ton Cen tral S tre e t R y . C o . a n d the E a ston & S ou th B eth leh em T ra n sit C o .
In c o r p o r a te d In N ew J e rse y M arch 11 1899. O w ns all th e s t o c k o f th e P e n n .
M o to r C o.
Consolidation of Subsidiaries.— O n Jan . 3 1908 th e (o ld ) E a sto n T ra n sit
C o ., the E a sto n & Bethlehem T ra n sit C o ., th e E a ston P a lm er & Bethlehem
S treet R y . and the N o rth a m p to n Cen tral S treet R y . w ere m erged Into the
(n ew ) E a sto n T ra n sit C o. (V . 8 5 , p . 1 4 6 1 ), an d In 1909 th e E a sto n & S ou th
B eth leh em T ra n s. C o . w as also m e rg e d Into th e (new ) E a ston T ra n sit C o.
S t o c k , $ 2 ,1 5 0 ,0 0 0 ; all o w n e d b y E a ston C on so lid a te d E lec.
S T O C K A N D B O N D S .— B o th th e s to c k and th e c o lla te ra l tru st 6s w ere
In J a n . 1900 listed o n th e P h ila d e lp h ia S to c k E x ch a n g e .
Date.
Interest. Outstanding.
M aturity.
S to c k $ 1 ,5 0 0 ,0 0 0 (p ar $ 5 0 )............. ..
.................... 5 0 % p d . l n M a y ’ 12, 2 %
C ollateral tru st $ 1 ,3 0 0 ,0 0 0 g f 1899
5 g M -N
1 ,2 4 0 ,0 0 0 M ay 1 1949
($ 1 ,0 0 0 an d $ 5 0 0 )_______ c * ll n t e r e s t a t G irard T ru st C o ., P h lla ., T ru stee.
P e n n sy lv a n ia M o to r C o 1st M / 1891
6 A -O
60,000 A p ril 1 1941
(ca n n o t b e c a lle d ) _________ 1 L a ck . T r . & S afe D e p . C o ., S c r a n to n . T r u s t.
Eas P al & B eth E le c 1st g o ld / 1898
5 J-J
2 00 ,000 Jan . 1 1919
$ 2 0 0 ,0 0 0 , c a n n o t b e c a lle d ! I n t. a t U . S. M tg e . & T ru st C o ., N . Y . , T ru st.
Eas & S o B eth T r 1st M $500,-1 1906
5 g J-J
4 5 1 ,0 0 0 J u ly 1 1 9 3 6
000 g u ar g o ld ($ 1 ,0 0 0 ) . _ c * iG ir a r d T ru st C o ., P h ila d e lp h ia , T ru ste e.
Bonds.— T h e c o ll, b o n d s h a ve no s. f. an d are n o t s u b j. t o call. O f th e
to ta l o f $ 1 ,3 0 0 ,0 0 0 , $ 60 ,000 Is reserved t o retire th e P e n n . M o to r b o n d s .
Issue Is secured b y a pledge o f $ 2 ,1 5 0 ,0 0 0 s t o c k (th e en tire Issue) o f the
new ) E a sto n T ran sit C o ., 12,322 shares (entire Issue) o f E d iso n Iliu m s t o c k , a n d 2,4 0 0 shares (th e en tire Issue) o f P en n M o to r s t o c k .
I n t . on
E a ston & S o . B e th . T ran sit b o n d s Is p a y a b le a t o ffic e o f E d w . B . S m ith &
C o ., P h lla ., o r a t c o m p a n y ’s o ffic e . T h e y are g u a r ., p . & I., b y en d b y h e
E a ston C on sol E le c. A sinking fund o f $5,0 0 0 p . a . c o m m e n ce d
n
1
1908; $ 25 ,000 h a v e been retired .
B on d s are s u b j. t o call a t in s
V 83, p. 323 .
R E P O R T .— F o r ca le n d a r years:
Calendar
Year—
Gross Earn. Netlnc. Net Inc. TotalE. Bd. Int.
D in
E.Tran. E. Tr. Ed.III.Co. Con. El. Taxes,&c. (2 % )
Sn
191 1________ $40 1,73 6 $87 ,479 $27 ,886 $115,365 $69 ,692 $ 1 5 ,0 0 0 $ 3 0 .6 7 *
1910 .............. 381 ,492 96,661
2 8 ,1 4 5
124,806
70,3 0 9
____
54 4 R O A D .— E m braces p r a c tic a lly th e e n tire street ra ilw a y system o f E a s1®*
an d W e s t E a s to n , P a ., an d P h lllp s b u rg , N . J ., w ith lines fro m E a s to n *
B e th le h e m , S ou th B eth leh em an d N azareth ; to ta l tr a c k , 53.879 ml)<~.
O perates th ro u g h ca rs fro m E a sto n t o B eth leh em an d S o u th B e th leh em .
107 cars.
O F F I C E R S .— P r e s ., J o s. S. L o v e r in g , F ran klin B ank B ld g ., P h lla .: 1st
V .- P ., S . H . I la c k e tt ; 2d V .- P ., H . R . F eh r; S e c. & T r e a s ., F . A . H a z z a rd ;
A s s t. S e c. & T re a s ., S. H . S a r g e n t.— V 84, p . 450 , 693 , 1307; V . 85, p . 283,
4 6 4 .1 4 6 1 .1 5 1 8 ; V . 8 6 , p . 602: V . 87. p. 226; V . 8 8 , p . 685 ; V . 90, p . 697;
V 92, p . 794; V . 93, p . 940, 1024; V . 94, p . 630.
NORTHAMPTON-EASTON & WASHINGTON TRACTION CO.
O R G A N I Z A T I O N .— I n c o r p . In 1910 In N ew Jersey and Is a c o n s o lid a tio n
o f the N o rth a m p to n T r a c tio n C o . and the E a ston & W a sh in g to n T r a c tio n
C o . T h e fo rm e r w as a co n s o lid a tio n o f th e E a ston & N azareth S t. R y .
a n d th e E a ston T a ta m y & B a n gor S t. R y . Franchises p e rp e tu a l.
In M ay 1912 lt was u n d e rs to o d th a t c o m p a n y co n te m p la te d a u th oriz in g
a n ew re f. & e x te n . m tg e . fo r $ 2 ,5 0 0 ,0 0 0 . V . 94, p . 1384.
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
s t o c k $ 1 ,2 5 0 ,0 0 0 ( $ 1 0 0 ) ......................
...............
$ 1 ,2 5 0 ,0 0 0 ------------------N orth a m T r 1st M $ 40 0,00 0) 1903
5 g J-J
3 5 0 ,0 0 0
Jan 1 1933
g o ld _____________________ c * / I n t . a t N o rth a m p to n T r . C o. (E a s t o n ) , T r u s .
N -E A W a sh 1st M $5,000,0001 1910
5
5 50 ,000 M a y 1 1 9 5 0
g ( $ 100, $500, $ 1,000) s fc* J B a n k e rs ’ T ru s t C o ., N ew Y o r k , T r u s te e .
Bonds.— A sin k , fu n d o f 1 0 % o f n e t earns. Is n o w o p e r . o n N o rth a m p to n
T r a c . b o n d s, b u t b o n d s ca n n ot be ca lle d .
N o rth a m p to n -E a s to n & W a sh .
T ra c. b on d s are ca llab le. In w h ole o r In part, o n o r a fter M ay 1 1915 until
1925 at 110; th e re a fte r u n til 1935 at 1 0 7 /4 ; th e re a fte r u n til m a tu rity a t 105
an d in t.
R e m a in in g b o n d s m a y be Issued fo r e x te n sio n t o H a ck e tts to w n
u n d er ce rta in re strictio n s. S in k . fd . 1% a n n u a lly o f av e ra g e a m o u n t o f all
b o n d s o u t from 1915 t o 1925; 1 14% to 1940 and 2 % th e re a fte r.
B o n d s are
u n c o n d itio n a lly g u a r ., p .& L , b y N o rth a m p to n T r a c . C o . (V . 92, p . 7 2 6 ).
E A R N I N G S .— F o r y e a r e n d . D e c. 31 1911, gross, $17 2 ,9 2 1 ; n e t, $77 ,3 4 1 ;
Interest, $ 45 ,000 ; surplus, $32 ,3 4 1 .
R O A D .— O perates 24 m iles o f tra ck fro m E a s to n to N azareth a n d fro m
E a sto n to B a n g o r, c h ie fly on p r iv a te r ig h t -o f-w a y . a n d 17 m iles o f tra ck
fro m P h tlllp sb u rg, N . J ., t o P o r t M u rra y , N . J . T o t a l, 41 m iles o f tra ck
o p e r a te d .
S ta n d a rd gau g e; 65, 70 a n d 8 0 -lb . steel rail.
O F F I C E R S .— P res., R . M . P e t t y : V .- P . , T . A . H . H a y ; T r e a s ., R . M .
E lle n b u rge r; S e c. & G en. M g r., W . O . H a y .— V . 92, p . 726 ; V . 94, p . 1384.
48
[VOL. LXXXXY.
ELECTRIC RAILWAYS
EAST ST. LO U IS, IL L .
E A S T ST. L O U IS & S U B U R B A N C O .— T r o lle y . (See M ao on page 40.)
O R G A N I Z A T I O N .— I n c o r p . In N . J . In 1901 an d In A p ril 1906 a b so rb e d
th e A lt o n G ra n ite & S t. L . C o. I t ow n s all th e s to c k e x c e p t d ir e cto r s ’ shares
and all b on d s o f B a st S t. L ou is R y . C o ., th e S t. L . & E a s t S t. L . E le c. R y .C o .
an d th e E a st S t. L ou is & S u b u rb a n R y . C o .; all th e s to c k o f the A lto n
G ra n ite & S t . L ou is T r a c . C o ., th e A lto n Gas & E le c. C o . an d all the b o n d s
o f th e S t . L o u is & B elleville E le c . R y . C o .; also all th e s to c k o f E a st. S t . L .
L t . & P . C o . o f E a st S t . L o u is; V . 91, p . 39 9 . T h ese c o s . ow n an d o p e ra te
all th e ele ctr ic ra ilw a y lines In E a st S t. L o u is a n d A lt o n and Interurban lines
t o B e lle v ille , E d w a rd s v ille , C ollin sv ille, C a se y v llle , O ’ F a llo n , L e b a n o n ,
B r o o k ly n , V en ice, M a d iso n , G ranite C ity a n d A lt o n , a n d th e o n ly e lectric
line across th e E ads B rid ge— the la tter u nd er a 5 0 -y e a r e x c lu s iv e co n tr a c t
fro m 1903 t o op e ra te cars o v e r this b rid g e . E a st S t . L o u is L t . & P o w . C o .
d oes en tire e lectric ligh tin g an d p o w e r business In E a st S t . L o u is an d has a
c o n t r a c t w ith th e c ity fo r m u n icip a l ligh tin g u n til 1920. A lt o n Gas & E le c .
C o . d oes en tire electric ligh t, p o w e r a n d gas business In A lt o n an d has a
c o n t r a c t fo r m u n icipa l ligh tin g u n til 1913. F ran ch ises In E a st S t . L o u is,
E d w a rd sv ille, C ollin sville, C a seyvllle, O ’ F a llo n , B elleville a n d L e b a n o n e x
pire In 1 9 4 7,19 48 an d 1 95 2,w it h e x c e p t lo n o f 5 m . In B e lleville e xp irin g 1919s
A lto n r a ilw a y , electrlc-U gh t an d p o w e r fra n ch ises e x p ire In 1948; A lto n ga5
franchise is p erp etu al; G ranite C ity a n d M adison franchises e x p ire In 1925;
V e n ic e franchise in 1920, B r o o k ly n franchise In 1921. T h e Interurban line
t o A lto n , ou tsid e o f c it y lim its, Is e n tire ly o n p riv a te rig-lit o f w a y . C o u n ty
franchises c o v e r in g rem ain in g su b u rb a n lines ex p ire fro m 1919 to 1948.
E le c t r ic ligh t and p ow er franchise in E a st S t. L ou is e xp ires 1998.
B o th s to c k and b on d s o f th e E ast S t. L o u is & S u b u rb a n C o . h a ve been
listed on the P h ila d elp h ia , L o u is v ille , C o lu m bu s a n d S t. L o u is s to c k e x c h .
O f th e s to c k s an d b on d s o w n e d , th e fo llo w in g h a v e been d e p o site d w ith
the S t. L ou is U nion T r u s t C o . as c o lla te ra l fo r th e E a s t St L ou is & S u b
urban C o. colla tera l tru st b o n d s. T h e figu res g iv e n c o v e r the entire Issues
o f b on d s a n d all s t o c k e x c e p t th a t o f S t . L o u is & B e lle v ille E le c. R y ., 250
shares o f E a st S t. L ou is & S u b u r b a n R y . a n d shares n ecessary t o q u a lify
d irectors; also e x c e p t $ 1 4 5,00 0 E a s t S t. L o u is L ig h t & P o w e r C o. b on d s.
STOC K A N D BO N DS—
Date.
Interest.
Outstanding.
Maturity.
C o m m o n , $2,0 0 0 ,0 0 0 ($ 1 0 0 )...............
M -S 15
$ 1 ,2 9 9 ,2 0 0 S e p ’ 1 2 ,3 % %
Pref $ 1 ,0 0 0 ,0 0 0 6 % n -c ( $ 1 0 0 ) ------6 J-J
1,0 0 0 ,0 0 0 J u lv 8 ’ 12, 3%
C ollat trust m tge $1,000,000 1 1902
5 gJ J
1 ,0 0 0 ,0 0 0 Jan I 1932
( $ 1 ,000) g o ld -------------------- c JInt a t S ta te S tre e t T ru st C o , B oston T ru stee.
N otes $ 5 0 0,00 0 g o ld ($100,1 1908
6 J -J 15
4 5 0 .8 0 0 Jan 15 1913
$500 and $ 1 ,0 0 0 )_________ c j l n t . a t S ta te S treet T r .C o ,. B o sto n . T rustee.
Stock and Bonds.— $ 5 0 0,00 0 o f c o m . s to c k Is reserved fo r c o n v e r s io n o f
like a m o u n t o f n o te s .T h e 1908 n otes are co n v e r tib le a t o p t io n o f h old er Into
c o m . s to c k at p a r ; $ 4 9 ,2 0 0 h a v e b e e n c o n v e r t e d . Can be called on 60 d a y s ’
n o tice o n a n y in t. d a te a t par and in t. T h e 1902 c o il, trust b o n d s c a n n o t
b e ca lle d an d n o sin k in g fu n d .
Dividends.— F irst d iv ., 3 % o n p re f. s to c k was p aid Ja n . 12 1903; also 3 %
o n J u ly 13 1903; 1904 to 1912, in c l., 6 % per a n n . O n c o m ., 1st d iv ., 2 % .
M c h . 1910, S e p t ., 2 ; in 1911, 5 % ; in 1912, M ch ., 3 % ; S e p t., 3 % % .
E A R N I N G S .— O f c o m b in e d co m p a n ie s fo r 12 m o s. e n d in g Ju n e 30 1912,
gross, $ 73 0,16 9; net, a fte r taxes, $32 1,78 0; interest, $ 82 ,125 ; b a l .,$ 23 9,65 5.
R O A D .— O perates 34 .5 m iles o f tra ck In an d be tw e e n 151 P a so , T e x .,
an d Ju a rez, M e x ico : c h ie fly 6 0 -lb . T rail; 58 cars; s ta n d a rd gau g e.
O F F I C E R S .— P res., M arshall M . P h ln n e y ; V .- P . , Josep h R e m lc k ; T reas.
H e n r y B . S aw yer; S e c ., C lem ent R . F o r d ; M g r., C . W . K e llo g g J r .; T ran s.
A g e n ts, S to n e & W e b ste r, B o s t o n .— V . 94, p . 559; V . 95, p . 618.
E R IE , P A.
E R IE T R A C T IO N CO.
In S e p t. 1912 n e g o tia tio n s w ere u n d e r w a y fo r th e a cq u is itio n o f this
ro a d b y th e N o rth w e ste rn P e n n s y lv a n ia R y .
O R G A N I Z A T I O N .— In c o r p o r a te d in P e n n s y lv a n ia o n A p ril 16 1911.
STOCK A N D BO N D S—
Date.
Interest. Outstanding.
Maturity.
S to c k $ 5 0 0 ,0 0 0 ( $ 5 0 ) ................... ............................
$50 0,00 0
F irst m o rtg a g e $ 5 0 0 ,0 0 0 g o ld ) 1907
5 g J-J
500,000 J u ly 1 1929
($ 1 ,0 0 0 ,$ 5 ,0 0 0 ,$ 1 0 ,0 0 0 ) _ c * /I n t . at S ecu r. S a v . & T r. C o ., E ric, trustee.
S econ d m tge $300,000 g o l d . . 1908
5%
3 0 0 ,0 0 0
S ec tex t
Bonds.— A sinking fund o f $20 fo r e v e r y $ 1 ,0 0 0 1st M . b on d began J u ly 1
Bonds.
Stock.
1912.
S
u
b
je
c
t
to
call
in
e
n
tire
ty
a
fte
r
5
years
at
par.
T
h
e
2d
M
.
b on d s are
E ast S t. L ou is & S u b u rb a n R y . C o ----------------------------- $ 3 ,8 3 4 ,0 0 0 $ 3 ,8 2 4 ,3 0 0
all held b y the sto ck h o ld e rs an d are bein g co n tin u e d and k ep t a liv e indefi
E ast S t. L ou is R y . C o _________________________________ 1,799,000
1,805,500
n ite ly , a lth o u g h p ast d u e.
S t. L ou is & E a st S t. L ou is E l. R y . C o ______________
500 ,000
499 ,500
E A R N I N G S .— F o r y ear en d in g D e c. 31 1911, gross, $10 2 ,3 9 3 ; n et,
S t. L ou is & B elleville El R y
C o ___________________
7 50 ,000
______
$ 3 2 ,4 6 9 ; fix ed ch arges, $ 4 4 ,1 1 8 ; d e ficit, $11 ,6 4 9 .
E ast S t. L ou is L ig h t & P o w e r C o --------------------------- -------------------733,000
R O A D .— O p erates 2 7 % m iles o f tra ck fro m E ric to E d in b o ro an d C am
b rid g e S p rin g s.— V . 92, p . 1310.
$6,8 8 3 ,0 0 0 $3,8 6 2 ,3 0 0
T h e c&Dlt&llzatlon o f th e E a st S t. L o u is & S u b u rb a n C o . Is as fo llo w s:
ESCANA BA , M ICH.
STOCK AN D B O N D S—
Date.
Interest. Outstanding. Maturity
E S C A N A B A T R A C T IO N CO.
C om m on $ 7 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) . . .......................................... $7,0 0 0 ,0 0 0
P ref $ 7 ,0 0 0 ,0 0 0 ($100) 5 % l ------Q -F
7 .0 0 0 .0 0 0 A u g .’ 12. l j i
O R G A N IZ A T I O N .— R e o rg a n iz a tio n in A u g . 1909 o f E sca n a b a E lectrio
c u m ------------------------------------- )
S t. R y . a n d E sca n a b a P ow er C o.
D oes electric ligh t an d pow er business In
C ollateral tru st m o r tg a g e $ 8 , - f 1902
5 g A -O
8 ,0 0 0 ,0 0 0 A p ril 1 1932
E sca n a b a , G lad ston e an d W ells, M ich . Is allow ed to ca r r y freigh t
0 0 0 ,0 0 0 g o ld ($ 1 ,0 0 0 )— c * il n t e r e s t at S t. L o u is U n io n T r . C o ., T ru ste e .
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
I o r at E . W . C lark & C o ., P h ila d elp h ia .
S to c k $ 5 0 0 ,0 0 0 ---------------------------------------------$500,000
A G & S t L ou is T r a c C o 1st) 1904
5 g F -A
2 ,2 6 3 ,0 0 0 A u g . 1 1944
1st & ref m tg e $60 0,00 0 g o ld } 1909
5 J -J
2 5 0 ,0 0 0 See" t e x t ”
c o n s o l M , $ 3 ,0 0 0 ,0 0 0 g o l d j l n t . a t Illinois S ta te T r . C o ., E a st St. L o u is ,
($1,000)
........................ c * J I n t . a t F irst S a v . & T ru s t C o ., M ilw au k ee.
( $ 1 , 0 0 0 ) ----------------c*J T ru stee, o r a t N ation a l C ity B a n k , N . Y .
6%
120 ,000 J a n . 1 1 0 1 4
E scan P o w Co IstM $ 1 2 0 , 0 0 0 . -----A lto n R y & Iliu m first m t g e i 1895
5 g A -O
250 ,000 O ct. 1 1915
Bonds.— O f 1st & ret. b o n d s, $12 5,00 0 aro re served to retiro E sca n a b a
$ 2 5 0,00 0 g o ld ( $ 1 ,0 0 0 ) ._ c * lI n t e r e s t a t M an h a ttan T r u s t ., N . Y . , T ru stee.
P o w e r C o. b o n d s an d $22 5,00 0 a r c fo r a d d itio n s an d Iin p’ ts a t 8 0 % o f c o s t,
A lto n R y G as & E le c tr ic C o l 1899
5 g A -O
250 ,0 0 0 O ct. 1 1939
u n d er re strictio n s.
B o n d s m atu re $10 ,0 0 0 a n n u a lly fro m 1914 to 1933 In cl..
m o rtg a g e $500,000 ($1,000) j l n t . at T ru st C o. o f A m e r ic a , N . Y . , T ru ste e . rem ain d er In 1934. T h e y aro s u b je c t t o call a t 103 an d Int. o n a n y in t.
g o l d -----------------------------------c * l
N o sinking fu n d ; b o n d s c a n n o t be c a lle d .
d a Je; T, M lchlgan T ru st C o ., G rand R a p id s , tru steo. V . 92, p . 1564.
E a st S t L L t & P o w 1st M l 1910
5 J -D
238 ,0 0 0 Ju n e 1 1940
E A R N I N G S .— F o r ye a r e n d in g D e c . 31 1911, gross, $10 4 ,7 6 5 ; n e t. a fter
g , gu a r p & 1 ($ 1 ,0 0 0 ) . . c ’ j l n t . at M erca n tile T r . C o ., S t. L o u is , tru stee. ta x e s , $ a l,9 0 8 ; interest, $ 22 ,500 ; b a la n ce , $ 2 9 ,4 0 8 .
Bonds.— C oll. tr . b o n d s are r e d e e m a b le o n a n y in t. d a y at 105 and Int. on
R O A D .— O w ns an d op erates stre e t ra ilw a y in E s c a n a b a an d an Interur
4 w eek s’ n o t ic e . S ee V . 7 6 , p . 38 2 . O f th e $ 5 0 0,00 0 A lt o n R y ., Gas & E le c. ban
road to G lad ston e, w hich was p la ce d In o p e r a tio n in J u ly 1910.
P ow crC o. b o n d s, $25 0 ,0 0 0 are r e served fo r p rio r liens. $ 2 ,2 6 3 ,0 0 0 A lt . G ran. & S t. plan t c tip a clty, 1,300 h .p . A new dam o n E s ca n a b a R iv e r , p r o v id in g 3,000
L ouis T r a c . 1st con sols are o u ts ta n d in g ; $50 0,00 0 are reserved to take up a d d itio n a l h .p ., was c o m p le te d in su m m er o f 1912.
prior b o n d s. T h e rem ain in g b o n d s are fo r e x te n sio n s and Im p rovem en ts.
O F F I C E R S .— P re s., J . K . S ta ck ; V .- P ., J . C . K ir k p a tr ic k ; S e c . & G en.
T h e y are also a lien on the p r o p e r ty o f th e A lto n G as & E lectric C o ., w h ich M g r ., P . L . U tley; T r e a s ., M . N . S m ith , all o f E s c a n a b a .— V . 92, p . 1564.
was ow n ed b y the A lton G ra n ite & S t. L . T r a c . C o ., w hen the m o r t. was
m a d e. N o sinking fu n d s, b u t b o n d s are s u b je c t to call on a n y Interest date
at 110 an d in terest u p o n 90 d a y s ’ n o t ic e .
E a st S t. L . L t . & P o w . b o n d s are
E U R E K A , C AL.
g u a r ., p . & 1., b y e n d . b y E a st S t. L o u is & S u b . C o ., ca lla b le at 105 and in t.
H U M B O LD T T R A N S IT C O .
o n 30 d a y s ’ n o tice . A u th . issue u n lim ite d , b u t a d d itio n a l b o n d s arc issu
F o r statem en t o f this c o m p a n y see “ E le ctric R a ilw a y S e c .” o f M ay 11 1912.
ab le o n ly fo r 8 0 % o f the c o s t o f a d d ’ns an d im p 'ts , an d then o n ly w hen net
earns, are a t least 1 14 tim es in t. ch arge o n bon d s o u t as w ell as those to be Iss.
Dividends.— 5 % per an n u m has been paid q u a rte rly o n preferred since
E V A N S V IL L E , IN D .
Its Issue M a y 1 1906 u p t o an d In clu din g A u g . 1 1912.
E V A N S V IL L E R A I L W A Y S CO .
A sy n d ica te co m p o s e d o f the p rin cipa l s to ck h o ld e rs o f the E v an sville
R E P O R T .— F o r y ea r e n d in g D e c. 31 1911, gross, $ 2 ,2 7 9 ,1 4 7 ; net a fte r
R y s . C o. in M ay 1910 p u rchased c o n tr o l o f the H en d erson ( K y .) T r a c . C o.
ta x e s , $ 1 ,0 0 8 ,7 9 6 ; in terest, $54 7 ,5 2 5 ; p re f. d iv ., $ 35 0,00 0; surplus $111 V . 90. p . 1362. See s t a te m e n ts o f
271 .
In 1910, gross, $ 2 ,3 6 4 ,1 4 2 ; n et a fte r ta xes, $ 1 ,0 7 6 ,5 3 8 ; interest. an d th e O w en sboro ( K y .) C ity R R .
tw o last-n a m ed co m p a n ie s o n su b se q u e n t pages.
$ 5 4 1 ,2 1 2 ; p r e f. d iv ., $ 35 0,00 0; surplus, $18 5 ,3 2 6 .
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a In A u g u s t 1907 t o c o n tr o l
R O A D .— O perates 185.3 m iles o f tra ck , In clu din g all the lines In East
S t. L o u is , B elleville an d A lt o n , a d o u b le -tra ck ro a d fro m E ast St L ou is to th e E v a n s v ille & E a stern E lectrio R y ., th e E v a n s v ille & Alt. V ern on E lectrio
R y . an d th e E v a n s v ille T erm in al R y .
O w ns all th e s to c k o f these three
B elleville, a sin g le-tra ck line to O ’ F a llo n an d L e b a n o n , a sin gle-track line to
E d w a r d s v ille , a n d also a s in g le -tra ck lin e t o A lt o n . H as 157 passenger cars ro a d s and op erates them u nd er lease. In N o v . 1907 a u th o rize d $500,000
p
re
f.
s
t
o
c
k
.
V
.
85,
p
.
1401.
a n d 810 c o a l ca rs.
O n A u g . 25 1911 the E v a n sv ille H e n d e rso n & O w e n sb o ro R y . w as In corp .
O F F I C E R S .— P r e s ., C. M . C lark; V .- P . , E . W . C lark; S e c. & A sst. in In d ia n a (co m . s to c k a u th . an d o u t ., $ 5 0 ,0 0 0 — all o w n e d b y E v a n s v .
T re a s ., G . L . E s ta b ro o k ; T r e a s ., C A . P ea rson J r .; A s s t. S e e ., T . W . R y s .; p r e f., $250,000 a u th ., $15 0,00 0 o u t.) to bu ild a lino fro m E v an sville
G reg ory . O ffice o f S u b u rban C o ., C a m d e n , N . J .. o p e ra tin g c o m p a n y a t to H en d erson an d u ltim a te ly t o O w e n s b o r o .
N ew c o m p a n y has leased
E ast S t. L ou is.— V . 83, p. 271 , 687, 969, 1170' V . 87. p . 812 , 1089: V .
6 % m iles o f 111. C en t, tracks be tw e e n E v a n s v ille a n d H en d erson an d will
90, p . 54; V . 91, p . 397 ; V . 92, p. 1032, 1242; V . 94, p . 1311.
e le ctr ify sam e. L in e was p laced In o p e r a tio n fro m E v a n s v ille to H en derson
J u ly 28 1912.
V . 93, p . 730.
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
E A U CLAIR E , W IS . •
C o m m o n , $ 1 ,000,000 ( $ 1 0 0 ) . . ................................
$84 0,00 0 .......................
P r e f., $ 50 0,00 0, 6 % c u m .......................
J-J
140,000 .......................
C H I P P E W A V A L L E Y R A I L W A Y L IG H T & P O W E R CO .
E vans <Sc E E lec R y 1st m o r t-) 1906
5 g A -O
694,000 A p ril 1 1936
O R G A N I Z A T I O N .— In c o r p o r a te d In 1898 u n d e r th e law s o f W isc o n s in .
ga ge , $ 75 0,00 0. g o ld ($500 j l n t . at A m e rica n T ru s t & S a v . C o ., E vansO w ns th e C h ip p ew a V a lle y E le c. R R . , In w h ich th e E au Claire L ig h t &
and $ 1 ,0 0 0 )______________e*J
v llle , o r P ittsb u rg h T r . C o ., P I t t s b ., T ru s.
P ow er C o. has been m erg e d . C o m p a n y has su rren d ered Its Eau Claire
& M t V E lec R y 1st M, I 1905
5 g A -O
350 .000 O ct 1 1 9 2 5
lighting fra n ch ise and op e ra te s u nd er In d e te rm in a te p e rm it as to lig h tin g . E vans
$35 0 ,0 0 0 , g o ld ( $ l , 0 0 0 ) . c * | l n t . at A m e r. T r . & S a v . C o ., E v a n s v . T ru s.
Still h old s railway franchise.
E v a n sv. T e rm . R y . 1st m tge i 1908
5 J-J
290 ,0 0 0
Jan 1 1939
O n Ja n . 1 1 9 1 1 a cq u ired the C h ip p ew a Falls W a te r W o rk s & L tg . C o. and
$300,000 gold ($ 1 ,0 0 0 )___ c j l n t . at A m . T r . & S a v . C o ., E v a n sv ille , trust.
o n J u ly 1 1911 pu rch ased the M en om in ee E Icc. L t . & P o w . C o .( V .9 2 ,p .l 8 6 .)
gu . p .& l . b y E v a n s .R y s .C o ja n d Ills. T r . & S a v . B a n k . C h icago.
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturltg.
Stock and Bonds.— P ref. s to c k can be ca lle d a n y tim e a t par. O f the
C o m m o n , $ 1 ,5 0 0 ,0 0 0 ( $ 1 0 0 ) .................................. .
$1,1 0 0 ,0 0 0 J u ly ’ 1 2 ,2 %
E v an sville
&
Eastern
E lectric
Ry.
bon d s,
$51 ,000
aro
re
P ref 7 % c u m , $50 0,00 0 ($100) ------7 Q -M
150,000 S e p t .’ 12, 1%
served fo r exten sion s and Im p ro v e m e n ts a t 85 % o f c o s t .
A re s u b je c t to
First m ortg a ge
$2,000,000 1 1907
5 J -J
1 ,350,000 J u ly 1 1 9 2 4
c a ll, In w h ole o r In p a rt, a t 105 and Interest on a n y Interest d a y u p on 90
($1,000) g o l d ...................... c* J Int. a t H arris T r . A S a v . B k ., C h ica g o , T ru st
d a y s n o tice ; $2,500 Is p a y a b le a n n u a lly to a sin k in g fund fro m 1910 to
Bonds.— O f the new $2,000,000 b o n d s, $200,000 m a y be issued fo r 7 5 % 1920; fro m 1921 to 1936, $5,000 per (a n n u m . $5,0 0 0 b o n d s w ere held In
o f c o s t o f exten sion to M cn om in le; rem ain der can be Issued fo r 7 5 % o f sink, fu n d S e p t. 1912. Sinking fund o f $ 10,500 p e r an n u m began O ct. 1
c o s t o f oth er p erm an en t e x te n sio n s, a d d itio n s and I m p r o v e m e n ts ,p r o v id e d
1910 o n E v a n s v . & A lt. V e r . E le c . R y ., t o be Invested in ten b o n d s an n . at
net earnings fo r p reced in g ye a r have been tw ice annual Interest charges,
105. Sub. to call at a n y in t. p eriod at 110. E v a n s v . T e rm . b d s. are red. a t
In clu din g interest on b on d s to be Issued. A re s u b je c t to call on and after 105 & int. o n a n y Int. d a y a t 60 d a y s ’ n o tice . S in k , fu n d begins 1912.
J u ly 1 1913 at 105 and Interest, $750 prior liens rem ain o u tsta n d in g , bu t
E A R N I N G S .— F o r y e a r e n d in g D e c. 31 1911, gross, $ 20 9,84 2; net, $ 9 8 ,
as su fficien t p roceed s have been set aside fro m sale o f o u ts ta n d in g b on d s to 284; in t., $ 63 ,310 ; surplus, $ 3 4 ,9 7 4 . In 1910, gross, $ 17 8,28 0; net, $77 ,651 ;
retire these, we o m it them fro m the s ta te m e n t. S inking fu n d begins 1013
in t., $57,350; surplus, $20 ,3 0 1 .
V . 85. p . 1461.
R O A D .— T h e E v an sville & Eastern road con sists o f 31 miles o f track
Dividends.— D iv id en d s o f 1H % are paid o n p re f. each q u a rte rly . On from N ew bu rgh (fro m w hich p o in t It enters E v a n sville o v e r tracks o f the
c o m ., first d i v .— 2 % — paid S e p t. 1909.
In 1910, M ay, 6 % %
In 1911
E v a n sv ille T erm in al R y ., 10 m iles) t o G ra n d v ie w , In clu d in g a 4-m ile branch
J a n .. 5 % .
In 1912, J a n ., 7 % ; M a y , 2 % ; J u ly , 2 % .
to R ich la n d . T h e E v an sville & Alt. V ernon road consists o f 20 m iles of
E A R N I N G S .— F or year e n d in g Ju n e 30 1912, gross, $35 7,66 2; net, after track fro m E v an sville to Alt. V e rn o n . E v a n s v . H en derson & O w e n sb oro
co m p rise s 10% m iles o f track fro m E v a n s v ille to H en derson . T o ta l length
taxes, $ 2 0 1 ,0 2 7 ; in t. on b o n d s, $ 6 5 ,8 7 5 ; surplus, $135,152.
o f lines, 71 % m iles.
First tw o road s d o a freigh t business.
R O A D .— O perates 2 2 % miles o f road in Eau Claire and C h ipp ew a Falls,
O F F I C E R S .— P re s., W . II. AIcCurdy V .- P . . W . A . K o ch ; S e c .,& Treas
in clu d in g an Interurban line betw een th em .
O w ns all the w ater pow ers C. H . B a ttin ; G en. A lgr., W . A . C a rso n .— V . 90, p . 1362; V . 93, p. 730.
’
o n R e d Cedar R iv e r and does all e le ctr ic lig h tin g an d p o w e r business in
E au C laire, C h ipp ew a Falls an d M e n om in ee.
e v a n s v il l e :su b u r b a n & n e w b u r o h r y .
O F F I C E R S .— P res., O . H . In gram ; V .- P ., Jo h n S. O w en; S e c. and Gen
O R G A N I Z A T I O N .— In co rp o ra te d In In dian a In D ec. 1888. w ith a p e r
M gr., G eo. II. W h eeler: T r e a s ., B . A . B u ffin g to n ; A sst. M gr. A E P ierce
petual charter. P assenger business hau led b y e le ctr ic ity and fre igh t b y
J r .— V. 85, p . 1209, 1461; V. 90, p . 697; V . 91, p . 1327; V . 92, p . 186. 321 .
steam . D oes a c a r -lo t freigh t and express business.
H as p riv a te rig h t-ofw ay.
ELM IR A N Y
STOC K A N D BO N DS—
Date.
Interest. Outstanding.
Maturity
„ E L M IR A W A T E R L IG H T & R A I L R O A D CO*.— See u n d er U n ited Gas & S to ck , $500,000 ( $ 100) ...................................................
$307,400 __
E lec. C o. u n d er L a n ca s ter.
1st m o rtg a ge , $ 5 0 0 ,0 0 0 , g o ld ) 1004
5 g J -J
4 9 2 ,5 0 0 J u ly 1 1534
($500 and $ 1 ,0 0 0 ).............c * jl n t e r e s t at E v an sville T ru st & S a v . C o ..
J T ru steo, o r N a t. B ank o f C o m m e rce , N . Y .
EL PASO, T E X A S .
Bonds.— A sinking fund o f $ 2 ,5 0 0 per an n u m c o m m e n ce d J u ly 1 1910,
E L PA SO E L E C T R IC C O .— In c o r p o r a te d In N ew Jersey an d ow ns th e w hich will retire b o n d s at 105. A ll o r a n y part o f b on d s are re d e e m a b le
securities o f the El P a so E leo. R y . C o; and th e E l P a so & Juarez T r a c . C o ., a fte r 15 years at 105. $ 7 ,5 0 0 h a v e been retired.
c o m p ris in g p r a ctica lly all th e e lectrio lig h tin g a n d th e entire street railw ay
E A R N I N G S .— F o r y r . e n d . Ju n e 30 1912, gross, $ 12 1,55 2; n et, $43 ,6 2 8 .
business o f E l P a so , T e x ., an d Ju a rez, M e x ic o . R a ilw a y franchise In El
R O A D .— O perates 25 m iles o f track from E vansville to N e w b u rg h , w ith
P a so expires In 1951; In J u a rez In 1988.
L igh tin g franchise In El P a so ex
a branch o ff the m ain lino th ro u g h S te v e n s S tation and C h an d ler, t o B o o n plres In 1952; In Juarez In 1915.
In 1909 Increased p r e f.fr o m $50 0,00 0 to v llle ; has also 5 m iles o f sid e -tr a c k : t o ta l. 30 m iles. 7 0 -lb . T rails.
$ 1 ,0 0 0 ,0 0 0 . V . 90, p . 109. $ 1 1 2,50 0 c o m . s t o c k Is o w n e d b y P u b . Serv.
O F F I C E R S .— P re s., F . VV. C o o k ; V .- P . an d T r e a s ., L ee H o w e ll; See
I n v e s t . C o.
an d G en . A lgr., Gus M u lh au sen .— V . 83, p . 271.
ELECTRIC RAILW AYS
50
F A IR M O N T ,
M ONONGAHELA
W .
V A L L E Y T R A C T IO N
V A .
CO.
[VOL. LXXXXV,
STOCK AND BON DS—
D ate.
Interest. O utstanding. M atu rity .
$350,000
....................
Stock $350,000 ................................................................
1st m tge. $1,500,000 gold )
1908
5 F-A
783,000
Aug. 1 1038
($500 and $1,000)..........c l Interest at W ls. Trust C o., Mllw., trustee.
B onds. — Bonds are subject to call at 105 on 6 months notice.
E A R N IN G S .— For year end. June 30 1912, gross, $194,494; net, after
taxes, $56,026; int., $39,058; sur., $16,968. In 1910-11, gross, $179,978;
net, after taxes, $55,725; int., $39,561; sur., $16,164.
R O A D .— Owns 46 miles of road— 18.5 miles In Oshkosh. 26.5 miles of
Interurban road running from Oshkosh to Neenah and to Omro and 1 mile
In Neenah.
_ _ , , ,,
„
O F F IC E R S .— Pres., II. F . W hitcom b; V .-P ., Clement C. Smith; Sec. &
Treas., H . F . W hitcom b Jr., all of Alilwaukee; Gen. Alan., J. P . Pulliam .—
V . 87, p. 348, 481; V. 88, p. 1255.
O R G A N IZ A T IO N .— Organized In W . Va. on May 18 1912. Is a con
solidation o f Fairm ont & Clarksburg Trac. Co.. Fairmont & Northern
Trac. Co. and Clarksburg & W eston Flee. Ily. Owns and controls entire
street railway business In Fairmont & Clarksburg (lncl. entire electric-light
and power business In Fairmont) and an Intcrurban road connecting the
tw o cities, with branches extending to various cities and towns. Franchises
in Fairmont are perpetual. In other cities and towns extend for 50 years,
the shortest expiring In 1952. Interurban are on private right of way.
Franchises over county roads and bridges In Marlon and Harrison counties
arc perpetual.
On Feb. 1 1911 the Fairmont & Clarksburg Trac. took over the Fairmont
& Mannlngton Trac. Co. (16 m iles), and acquired 7,600 shares of stock
(7 6 % ) and $503,000 of total Issue of $600,000 1st M. 5% bonds of said co.
STOCK AND BONDS —
Date.
Interest. Outstanding.
Maturity.
FO RT D O D G E , IO W A .
Comm on $5,000,000____________ _
_______
$5,000,000 ___________
F O R T D O D G E D E S A lO IN E S & S O U T H E R N R R .— See ’ ’ R a ilroad and
P rcf 5% (cum) $2,500,000 . . . .......
....... ........... 2,500,000 A g ’ 12,2 4*%
First & ref M $ 15 ,0 0 0 ,0 0 0 .) 1912
5 J-D
2,500,000 June 1 1942 In d u s t r ia l" section .
g ($500 & $ l,0 0 0 )_c*& r,' /F id elity Tr. C o., B alt., Trus. Int. In N . Y .
Fairm. & Clarksb. 1st M $2,-1 1903
5 g A -O
2,500,000 O ct 1 1938
FO R T SCOTT, K A N .
500,000, gold ($1,000) .c * /I n t . at Guaranty Tr. C o., N. Y ., Trustee.
Bonds.— Of the 1st (& ref.) bonds, $2,500,000are reserved to retire prior
T H E F O R T S C O TT G A S & E L E C T R I C C O .
Plant Is being entirely rebuilt.
liens and $10,000,000 are for add’ns and extens. under certain restrictions.
O R G A N IZ A T IO N .— Incorporated In Kansas In 1900, and Is successor
R ed. at 105 and lnt. on any Int. day on or after June 1 1922. See V . 94,
p. 1508. Fairmont & Clarksb 1st mtp-e. bonds subj. to call, beginning O ct. to the Fort Scott Electric Light & Power C o., Citizens’ Electric Street R y .,
Fort Scott Steam Heating Co. and Fort Scott Gas Co. Franchise expires
1913, at 105 and lnt. Listed on Phila. Stock E xchange.
April 23 1922.
Dividends.— Initial dlv. on pref., 2 4*% . A ug. 1912.
E A R N IN G S .— For year end. Dec. 31 1911, gross, $742,294; net, after
STOCK A N D BONDS—
D ate.
Interest. O utstanding.
M atu rity
taxes, S446.089; Interest, $250,000; surplus, $196,089.
Stock, $350,000 ($100).............................................
$350,000 ....................
R O A D .— Operates street railways In Fairm ont, W . V a., and in Clarks 1st m ortgage, $250,000, g o ld ) 1903
5 g A-O
185,000 April 1 1922
burg, W . V a., and an intcrurban line of 25 miles connecting the two; with
($500). sinking fun d ____c * jl n t . at Chicago Title to Trust C o., Trustee.
various small branch lines; also lines from Fairm ont to Falrvlew, 14 m ., New
mortgage
$350,0001 ____
6%
289,000 -----------------and from Clarksburg to Bridgeport, 7.6 m. Extension from Clarksburg
($ 5 0 0 )___________________ Jln t. at Vandeventer Trust C o., St. Louis, M o.
to W eston, 24 m ., under construction, 6.3 miles in operation; total track
Bonds.— Of the $250,000 1st AI. auth., $50,000 are reserved for extensions
In operation, 69.5 miles. Fairm ont & Mannlngton operates 16 miles. and $15,000 have been retired. The following amounts are payable annually
Standard gauge, 80-lb T rail.
to a sinking fu n d • In 1908 and 1909, $3,500 per annum; In 1910 and 1911,
O F F IC E R S .— Pres., S. L. W atson, Fairm ont; V .-P ., .1. H . Wheel $4,000 per annum; In 1912 and 1913, $4,500 per annum; In 1914 and 1915,
wright, Balt., Md.; Sec. and Treas., W alton Miller. Fairmont; Gen. Mgr., $6,000 per annum; In 1916 and 1917, $7,000 per annum; and from 1918 to
Jas. O. W atson, Fairm ont.— V . 94, p. 827, 912, 1384, 1508, 1627; V . 95, 1921 Inclusive. $10,000 per annum.
p . 176.
_______
E A R N IN G S .— For calendar year 1910, gross, $65,000; net, $33,000.
R O A D .— 7 miles of track In Fort S cott. Gauge. 4 ft.; 45 to 80 lb. T rails.
O
F F IC E R S — Pres., J . E . M cK inney, St. Louis; V .-P ., R . E . L . W inter,
FARGO , NORTH D A K O TA .
St. Louis; Seo.-Treas. & Gen. M gr., F . D. Martin, F t. S co tt.— V .77,p .1294.
F A R O O & M O O R E H E A D S T R E E T R Y . C O .— A tro lley road .
Stock is all owned by Consumers’ Power Co. of Minnesota.
O R G A N IZ A T IO N .— Incorporated 1902 In North Dakota. In June
F O R T S M IT H , A R K .
1912 It was stated that new 25-year franchise had been granted in Fargo.
F O R T S M IT H L I O H T & T R A C T IO N C O .
Stock $300,000 ($100) Issued. Bonds authorized and outstanding, $200,
Standard Gas & Elec. Co. (V . 93, p. 1327) owns $949,900 co m ., $798,700
000 ($500) 20-year 5% 1st mtge. and $100,000 ($500) 6% 20-year 2d m tge.;
both Issues due 1925; int. J-J and subject to call after 5 years at 105; prin pref. stock and $150,000 1st M. bonds of the com pany.
O R G A N IZ A T IO N .— Incorporated In Arkansas on April 13 1903 as a con
cipal and lnt. payable In gold, 1st mtge. bonds at State Bank o f Chicago,
trustee, 2d mtge. bonds at Northwestern Trust Co., St. Paul, Minn., trustee. solidation of the Ft. Smith-Van Buren Light to Transit Co. and the Ft. Smith
T
rac.,
L t. & Pow. Co. Owns all physical property, contracts, rights and
Operates 13 miles In Fargo, N. D., and Moorchead, Minn. Standard
gauge, 70-lb. T rail. An extension from Fargo to Dilworth, M inn., Is franchises o f Van Buren Fuel to Light Co. (now d issolved). Does the entire
electric-light, gas and street railway business of the city and the electriccontem plated.
E A R N IN G S.— For 12 m os. end. June 30 1912, gross, $95,000; net, light and gas business o f Van Buren. Street railway and electric-light
franchises In Ft. Smith expire In 1955; gas In 1953. Gas and electrlc-llght
$29,649.
franchises In Van Buren expire In 1957
STOCK A N D BON DS—
D ate.
Interest. O utstanding.
M atu rity .
F I S H K IL L -O N -T H E -H U D S O N , N . Y .
Comm on, $1,500,000 ($ 1 0 0 )....................................
$950,000 .....................
F I S H K I L L E L E C T R I C R A I L W A Y C O — A tro lley r o a d .
Pref. $5,000,000 ($100) 7 % c u m ____
Q-J 15
1,410,000 J u ly .’ 12, 1 H
Leases the Citizens’ St. R R ., Lt. & Pow . at a rental of $8,255 per annum. First mortgage $6,000,000 g f 1911
5 g M-S
2,700,000 Alch 1 1936
s f ($500 and $1,000)____c*l Int. at Illinois Trust & Savings Bank. C hic.,
STOCK A N D BON DS.
D ate.
Interest. O utstanding. M atu rity .
L trustee, or at agency of co . In N. Y. or Bos.
S tock, $50,000.................. ......................
..............
$50,000 .....................
Stock and B onds. — Pref. stock Is red. at any time after 3 years from Issue
First mortgage, $50.000_____ 1895
6 J-J
50.000
July 1915
E A R N IN G S .— For year ending June 30 1912, gross, $59,446; net, $20, at 110 and accrued dlv. Remaining 1st Al. bonds can only be Issued for
75% of cost of additions, Improvements and extensions under certain re
551; charges, $18,214; surplus, $2,337.
strictions. See V. 92, p. 956. S ubj. to call as a whole or In part on any
R O A D .— Owns 4 Vi and leases 3 miles. Total 714 miles.
O F F IC E R S .— Pres., John T . Smith; V .-P ., W . J. Conklin; S ec., W . H . Int. day at 105 and lnt. Cash sink. fd . 1% yearly 1914 and 1915, 14*%
yearly 1916 to 1918, 2% yearly 1919 to 1923, and such amounts thereafter
Southard; Treas., G. W . Patterson
as b y July 1 1935 will make total sk. fd . 40% of bonds certllled. V .9 2 ,p.956.
Bonds are listed on N. Y . Stock E xchange. V. 94, p. 487.
Dividends.— Pref. Is cum . from Jan. 1 1912. 1st d lv. on pref.— 1 M % —
F IT C H B U R G , M A S S .
paid April 15 1910; July, I M % ; O ct., 114% and 1 H % quar. since to and
F IT C H B U R G & L E O M IN S T E R ST R E E T R Y .
July 1912.
In April 1905 absorbed the Leominster Shirley & A yer Street R y . through Including
E A R N IN G S.— For year ending Dec. 31 1911, gross, $550,614; net, after
exchange of stock, share for share. V . 80, p. 1478. In Sept. 1907 Mass. taxes, $236,558; int., $136,961; pref. d iv. (7 % ), $71,015; surplus, $28,582.
R R . Commission sanctioned Increase In stock from $450,000 to $700,000.
O A D .— Owns and operates 26 miles o f track on 12 miles of streets In
New stock to be Issued at 110. Company then petitioned Comm ission to Ft.R Smith
and suburbs. Standard gauge, 56-lb. and 60-lb. 'I' rail. 60 cars.
allow stock to be Issued at 100 (V . 85, p. 722), but In Sept. 1908 Com m is Owns
a park of 110 acres. Also gas works for distributing natural and arti
sion denied application. V . 87, p. 812.
ficial gas, with 68 miles of mains; and electric power and lighting plant—
Interest. O utstanding. M atu rity . generating capacity. 5,000 horse power and pole line o f about 114 miles.
S TO C K , BO N D S, E TC.— D ate.
________
$450,000
See text
Stock $700,000 ($100).............. ____
O F F IC E R S .— Pres., A . S. H uey; V .-P ., II. M. B yllesb y;-S ec., Jas.
5 A-O
150,000 April 1 1917 Brlzzolara; Gen. Mgr and Treas., J. W . Gillette; A u d ., N. I . Garrison;
Fitch & Leo 1st m tge ($500), 1897
Interest at First National Bank, Boston.
Algrs., H. AI. Byllesby to Co., Inc.— V. 88, p. 505; V. 90, p. 236, 303, 372,
$150,000 ........................... c
1901
4
4*
F-A
150,000
Feb
1
1921
914 V. 92, p. 881, 956, 1032,1 178, 1636; V. 94, p. 487; V. 95. p. 47.
Fitch & Leo con m tge, $350,
000 ($1,000) ....................... Int. at Boston Safe Dep. & Tr. C o., Trustee.
1905 5 g F-A
100,000 Feb 1 1921
L S & A 1st m tge, $100,000,
F O R T W A Y N E , IN D .
gold ( $ 1 , 0 0 0 ) .. ...............c* Int. at Boston Safe Dep. & Tr. C o., Trustee.
Guar, p & I, b y Fltcn. & Leom . St. R y.
F T . W A Y N E & N O R T H E R N I N D I A N A T R A C T I O N C O — A trolley road.
706,584 .....................
Current liabilities June 30 191 1 ..................................
Controlled b y the same Interests as the Indiana Union Traction, the Ohio
Bonds.— Of the new consol . m tge., $150,000 are reserved to retire the Electric R y . and the Terre Haute Indianapolis to Eastern.
1st mtge. at m aturity.
.
G A N IZA T IO N .— Incorp. in Indiana on Feb. 13 1911 to take over
Dividends.— For m any years up to and Including 1900-01, 8 % ; from then theO R
F t. W ayne & W abash Valley Trac. Co. per plan In V . 92, o . 394. 594.
on to 1910-11, 6% per annum.
F t. W ayne & W abash Valley Traction Co. had previously acquired
R O A D .— Owns 40.7 miles o f track. R oad extends to Leom inster. The
Lunenburg, Shirley and A yer. 30 closed passenger cars, 25 open passenger through consolidation or purchase the following companies:
F t. W ayne Blullton to Alarion Tr. Co. Lafayette Street R y.
cars. 3 express cars and 5 snow plows.
Logansport Railway Co.
Ft. W ayne El. Lt. to Power Co.
E A R N IN G S .— For years ending June 30 1911 and Sept. 30 1910:
Logans. R och. to Nor. Trac. Co.
F
t. W ayne & Southw. Trac. Co.
1911.
1910.
1911.
1910.
W abash-Logans port Traction Co.
Ft. W ayne Traction Co.
Gross ..................... $305,608 $289,982 Dividends p a i d . . . $27,000 $27,000 Lafayette
YVabash River T raction Co.
to
Logansport
Trac.
Co.
Balance,
surplus
N e t _____________ 114,250 133,363
Furnishes electric light In Ft. W ayne, Roanoke and Delphi; municipal
15,062
14,815
for yea r__ __
In t., taxes. & C --- 72.188
91,548
extend to 1935 and 1998, except In Ft. W ayne, which for more
O F F IC E R S .— Pres., Supt. and Purch. A gent, W . W . Sargent; V .-P ., franchises
than
V\ of street railway are perpetual, the balance being for outlying exten
H . I. W allace; Clerk and Counsel, C. F. Baker; Treas., R . N. Wallis, all of sions and
extending to 1937. Lighting franchise In Ft. W. extends to 1935.
Fitchburg.— V . 80, p. 1478; V . 85. p. 468, 722: V. 87, p. 812.
$1,000,000 co m ., $1,000,000 pref. and $1,000,000 1st and ref. bonds of
the F t. W ayne & Nor. Ind Trac. were issued for $1,500,000 new cash.
Holders of Ft. W ayne to Wabash Valley com . received only 44.44% In the
FO N D D U LAO , W IS .
com . stock of the F t. W ayne & Nor. Indiana Trac.; holders of pref. received
EASTERN WISCONSIN RY. & LIOHT.— Trolley.
O R G A N IZA T IO N — Incorporated In Wisconsin In Sept. 1903 as a con $ for $, but had to pay $17 50 per share In cash.
Outstanding.
Maturity.
solidation o f the Fond du Lac St. R y . & Light Co. and the Fond du Lac &
STOCK AN D BON DS—
Date.
Interest.
Oshkosh Electric R y. Co. Comprises the entire street railway, clectrlc- Comm on, $4,000,000 ($ 10 0 '...................................... $4,000,000 .....................
2.500.000 S ept.’ l2 , 1 4*
Q-M
Ughtlng and gas plants In Fond du Lac. Franchises expire In 1951. Has Pref. 6% cum .,!$4,000,000 ($ 1 00 )____
1.092.000 Alch 1 1931
contract with city of Fond du Lac to light streets, expiring lnl913. Owns 1st to ref. mtge, $15 ,00 0 ,0 0 0.. 1911
5%
6.966.000 Mch 1 1934
all the stock and guar, bonds of the W isconsin Elec. R y . V . 88, p. 1252.
Ft W & W Val Tr 1st cons M f 1904
5 g M-S
$7,500,000, gold ($ l,0 0 0 )c * )ln t. at T r. Co. of N o. America, Phila., trust.
STOCK AN D BON DS—
Date.
Interest. Outstanding. Maturity
Ft
W
to
W
Val
Tr
car
trustl
1909
5
g
AI-S
70,000 See text
Stock, $500,000 ($100)..............................................
$500,000 In 1912, 4%
Ser “ A ” $100,000g ($1,000) [interest at Fidelity Trust C o., Philadelphia,
Fond du Lac St R y& L m t g e ) ____
5 g J-J
192,500
1920
„„„„„„
.
guar p & I (en d )................ c*J Trustee.
$250,000 ($1,000), g ..r & c * /I n t . at First Sav. & Tr. C o., M llw ., Trustee.
Wabash Rlv Tr Co 1st m tge,/ 1901
5 g F-A
275,000
1031
1st m tge, $1,500,000, gold) 1903
5 g A-O
1,108,000 O ct 1 1923
$350,000 ($1,000), g ____c*l Int. at N. Haven Tr. C o., N. Haven, Trustee.
($ 1 ,0 0 0 )________________ c * /I n t . at First Sav. to T r. C o., M llw., Trustee.
W ayne 'I'r mtge $1,500,-1
1899 4 g A-O
29,000
Oct 1 1929
Bonds.— $92,000 1st i t . bonds are reserved for Imp'ts at 90% of cost, Ft 000,
gold ($1,000)_____c* ( Int. at Guard. Trust C o., Cleveland, Trustee.
$212,000 for prior liens and $88,000 are In treasury. Bonds are subject to
St R y 1st m tge/ 1893
6 J-D
225,000 June 1 1913
call on any Int. date at 103 and lnt. upon 6 m os.’ notice. The Fond du Lac Lafayette
ea ch ), $225.000.c*l Int. at Real Estate Trust C o., Phila., Trustee
St. R y . & L. bonds cannot be called. They are guaranteed, p. to I., b y the Laf($1.000
to L og Tr 1st AI $1,000,-)
1906 5 g J-D
849,000 June 1 1936
Eastern W ls. R y . to Lt. Co.
000
g ($1,000) gu p& L c * /I n t. at Guar. T r. to S. D. Co., I'hlla., trustee.
Dividends.— 4 % per Ann. has been paid from 1907 to 1912 lncl.
Ft
W
B
to
M
1st
M
$400,000)
1905
5
g
J-J
400,000
July 1 1935
R O A D .— Operates 25 miles of track In Fond du Lac and between Fond
gold ($1,000) guar p & i ___(Int. at Guar. T r. to S. D. Co., Phila., trustee
du Lac and Oshkosh. 70-lb. T rails.
1907 5 M-N
57,700
Nov 1 1937
E A R N IN G S .— For year end. June 30 1912, gross, $296,259; net, after Ft W Power Co m tge________J1
Int. at Guar. T r. to S. D. C o., P
taxes, $114,899; Int., $52,674; surp., $62,225. In 1910-11, gross, $278,797;
Stock.— Both com . and pref. stocks are listed on Phila. Stock E xch.
net, after taxes, $101,333; Int., $50,888; sur., $50,445.
O F F IC E R S .— Pres., II. F. W hitcom b, Milwaukee; V .-P ., J. F. Pritchard, V . 94, p. 826.
Bonds.— Of the 1st & ref. m tge., $8,807,000 are reserved to retire under
M anitowoc, W ise.; Sec. & Treas., II. F. W hitcom b Jr., Alllwaukee; Gen.
lying bonds and remainder for acquisitions, extensions and additions. S u b j.
Alan., J. P. Pulliam.— V . 87, p. 346; V . 88, p. 1252.
to call as a whole on any int. day on or after Alar. 1 1916 at 105 and lnt. O f
(1) Wisconsin Electric Ry.— A trolley road.
the Ft. W ayne to W ab. Val. consol, mtge. for $7,500,000, $534,000 are re
O R G A N IZ A T IO N .— Incorporated Aug. 16 1908 In Wisconsin and served to retire underlying liens. See V. 78, p. 2011. In addition to
succeeded the W innebago Traction C o., sold at foreclosure Aug. 6 1908, bonds noted above, there are $3,500 lost bonds of the Logansport R y. out
as per plan In V. 85, p. 655. Latter com pany was a reorganization of standing, due Sept. 1 1929. The Ft. W . to W . V . consols of 1904 arc not
Citizens’ Traction Co. In 1900.
Eastern Wisconsin R y. to Lt. Co. owns subject to call before m aturity. They are listed on Phila. Stock Exch. The
stock and guarantees bonds of the W isconsin Elec. R y . V . 88, p . 1255. W ab. R lv. Trac. Co. 5s of 1901 are subj. to call at any time at 105 to lnt3 •
Lafayette & Logansport 1st AI. is closed; no more bonds can be Issued
Franchises run to 1932.
S e p t ..
Car trusts mature $5,000 s.-a. In numerical order to Sept. 1 1919 Inclusive.
T hey are a first lien on 36 cars. They were guar., p.& I., b y end. b y F t.
"Wayne & Wabash Val. Trao. Co.
Dividends.— On prel., 1
quar. since organization.
R O A D .— Operates 209 m. main track connecting Ft. W ayne, Huntington,
W abash. Peru, Logansport, Delphi. Lafayette and Bluffton; also local lines
In F t. W ayne, W abash, Peru, Logansport and L afayette. Total track,
220 miles. A t Logansport, Peru, W abash and Blutfton connection is
m ade for Indianapolis over tracks o f Indiana Union Traction Co. In May
1906 began through service between Ft. W ayne and Indianapolis over
tracks o f Indiana Union Traction Co. See V .82, p. 1101. Ralls, 60, 70, 72,80
and 90-lb. Owns 2 power houses and 4 pleasure parks. Owns 180 pass,
.cars and 60 other ca rs. Controls entire electric light and power business of
F t . W ayne.
'
R E P O R T .— For calendar years ending Dec. 31:
1911.
1910.
1909.
1908.
Revenue passengers____ 19,215,194
15,886,001 14,870,743 13,744,668
Gross earnings__________ $1,606,053
$1,526,587 $1,414,526 $1,322,720
•Operating expenses____
937,950
840,851
821,723
737,134
Net earnings................
Fixed charges..................
$668,103
550,908
$685,736
544,832
$592,803
521,350
$585,586
488,756
$117,195
$140,904
$71,453
$96,830
S u r p lu s ......... ...............
O F F IC E R S .— Pres., J . Levering Jones, Phila.: V .-P ., Jas. M. Barrett,
F t. W ayne: V .-P . & Treas., Henry C. Paul, Ft. W ayne; S ec., Henry Rainey,
P h ila — V . 92, p. 594, 794; V . 94, p. 826, 982.
FORT W A Y N E
&
51
ELECTRIC RAILW AYS
1912. J
S P R IN G F IE L D
R A I L W A Y C O .— A tro lley road .
O R G A N IZ A T IO N .— Incorporated July 2 1903 In Indiana. V . 86, P-1042.
Private right of way between F t. W ayne and Decatur. Franchise for 50
years In Decatur, 28 years In F t. W ayne. See V . 89, p. 162.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
-Comm on $1,000,000 ($100)_________
F-A
$676,300 See earnings
First m ortgage $1,000,000 gl 1910
5 g A-O
209,000 April 1 1930
($500)
____ c* J lnt. at Cleveland Trust C o.. Cieve.,Trustee
Bonds.— Are subject to call at 105 on any Interest da y.
Dividends.— In 1907, 2 % ; In 1908, 4 % ; In 1909, 4 % ; In 1910, (?).
E A R N IN G S .— For year ending Dec. 31 1910, gross, $70,284; net, $32,
429; Int. and taxes, $5,124; dividend, $12,317; surplus, $14,988.
R O A D .— Operates 21.0 miles between Decatur and Ft. W ayne. Total
track 23.7 miles. 70-lb. T rail; gauge 4 ft. 8
In. An extension from
Decatur to Berne (12 miles) Is being constructed.
O F F IC E R S .— Pres. & Mgr., W . H . Fledderjohann; V .-P , B . A . FledderJohann; Sec., John H . Koenig; Treas., Chas. Dlrkson.— V . 86, p. 1042;
V . 89. p. 162; V . 90. p. 1101.
B onds. — $ 2 5 0 ,0 0 0 1st & r ef. b on d s are reserved to retire like a m o u n t o f
prior liens.
B o n d s are s u b j. to call as a w hole on a n y ln t. d a te a t 1 0 5 .
In t.
Is p a y a b le a t c o m p a n y ’s office In F red erick .
F r e d . <Ss M Id d . b o n d s are s u b j .
to call a t 105 on a n y In t. d a te .
E A R N IN G S . — F o r c a l. y e a r 1911 (Incl. F r e d . G as & E le c . C o .) , gross,
$ 1 8 1 ,5 8 5 ; n e t, $ 6 4 ,7 4 3 ; fixed c h arge s,an d ta x e s, $ 4 7 ,0 0 2 ; su rp lu s, $ 1 7 ,7 4 1 .
R O A D .— O p erates fr o m Frederick throu gh
B ra d d o c k
H eig h ts an d
M id d letow n to M y e r sv ille , 1 4 .5 m iles; fr o m F rederick to T h u r m o n t, 18 m .;
a n d fro m B ra d d o c k H eig h ts to Jefferson , 4 .5 m .
T o t a l, 3 7 m iles.
An
e x te n sion fro m T h u r m o n t to E m m ltts b u r g an d th en ce to G e tty sb u r g Is
p rop ose d , an d p r o b a b ly a lso from Jefferson to B ru n sw ick .
O F F I C E R S .— P r e s.. E m o r y L . C o b en tz ; V . - P „ D r . F ran klin B . S m ith
T r e a s ., T h o m a s H . H aller; S e o ., Charles C . W a t e r s .
V . 89 , p. 1667: V . 9 0 ,
p 1296; V . 91, p . 1446; V . 93, p . 73 0.
FREEPORT,
FREEPORT R A IL W A Y &
FRESNO,
FORT
W ORTH,
TEXAS.
N O R T H E R N T E X A S E L E C T R I C C O .— A holding c o m p a n y .
O f the com m on stock, $350,000 Is owned b y Pub. Service Invest. Co.
O R G A N IZ A T IO N .— Incorporated In Maine N ov. 16 1905 and owns the
•entire stock of the Northern Texas Traction Co. See V . 89, p. 411.
On June 29 1911 the F t. W orth Southern Trac. Co. was lncorp. In Texas
<auth. stock $1,500,000, ou t., $1,000.000— all owned by Northern Texas
E lectric Co ) , to own and operate an lnterurban railway 28 miles be
tween F t. W orth and Cleburne.
V 92, p. 1243. In May 1911 3-year
-notes o f N or. Texas Elec. C o., secured b y a 1st m tge. on F t. W orth Sou.
'T ra c., were sold. R oad was com pleted In A ug.1912.
STOCK A N D BON DS—
Date.
interest. Outstanding. Last DIv
Q-M
$2,500,000 S ept.T 2.1 Vi
Com m on $2,500,000 ($100)................
Pref 6 % n-c $4,500,000 ( $ 1 0 0 ) ____
M&S
4,000,000 S ept'l 2 .3 %
Coll trust M $10,000,000 gold) 1910
5 g J-J
2,105,000 Jan 1 1940
sink fund (see text) .. c * &r* Jlnt. at Commonwealth T r. C o.. B os..Trustee
•Ft W orth Sou Traction notesl 1911 5 g M-N
1,000,000
May 1 1914
$1,000,000 ($1,000)____ c ’ JInt. at New Eng. Trust C o., Boston, Trustee.
Block.— The pref. stock Is redeemable at 110. V. 94, p. 1449. Both
classes o f stock are listed on the Boston Stock Exchange.
Bonds.— Of the collateral trust bonds, $2,500,000 are reserved to re
tire Northern Texas Traction first mortgage bonds and $5,375,000
■are for acquisitions, Improvements, extensions, & o., at 8 0% o f cost;
$20,000 have been retired. Coupon bonds are in denom ination o f $1,000;
regls. bonds, $1,000, $5,000 and $10,000. Callable as a whole or In part,
fo r s. f. only, at 105 and lnt. on any lnt. date. Sinking fund of 1 % o f bonds
-out began N ov. 1 1911. Bonds are secured b y deposit of all the stock of
the N or. Texas Trac. Co. V. 90, p. 373, 1239. Ft W orth Sou. T rac.
notes are a direct obligation o f the Nor. Texas E lec., but with a 1st M. on the
F t. W orth Sou. T rac.; they are callable as a whole, but not In part, at any
tim e on 60 days' notice at 101 and lnt. V . 92, p. 1243.
Dividends.— First d lv. on pref., 1 % , paid Mch. 1 1906, and 2% was paid
S e p t. 1 1906: 1907 to 1912, ln cl.,6 % per annum. First d lv. on com ., 2 % ,
paid S ept. 1 1909; In 1910, 5 54%; In 1911, 6 % ; In 1912, M ch., 1J1% ; June,
1 H % ; Sept., 1 H % .
R E P O R T .— Of the com bined companies for the 12 months ending June 30
1912, gross, $1,643,215; net after taxes, $749,186; lnt., $229,776; sink, fund,
$21,990; balance, $497,420.
R O A D .— The Fort Worth Southern operates an lnterurban road, 28
m iles, from Ft. W orth to Cleburne.
O F F IC E R S .— Pres., Marshall M. Phlnney; V .-P ., W ilbur A . Carter;
S ec., Clement R . Ford; Treas., Henry B. Sawyer; Gen. Mgrs., Stone &
W ebster Mgt. Assn., B oston.— V . 89. p. 411; V . 90. p . 373, 1239; V . 92.
p , 660, 1243; V. 94, p. 1449; V. 95, p. 680.
(1) Northern Texas Traction C o.— A trolley road.
O R G A N IZ A T IO N .— This was form erly the Fort W orth Street Railway
C o ., chartered b y the Texas Legislature In 1874 for 100 years. In 1901
•application for amendment to charter was granted, changing Its name to
the Northern Texas Traction Co. The Traction Co. then purchased the
C ity R y ., and In 1901 obtained legislative permission to extend Its road from
F ort W orth to Dallas, a distance o f 30 miles. In 1902 purchased the Dallas
& Oak Cliff Electric R y. and redeemed that com pany’s bonds; also acquired
th e Glenwood & Polytechnic College Street R y. Franchises In Fort W orth
expire In 1973; In Dallas In 1953 1945 and 1920; others between 1945 and
1950: has private right of way outside of cities.
On July 1 1911 acquired the railway property of the Citizens’ R y . & L t.
-Co. sold at foreclosure. V . 93, p. 164.
•
STOCK A N D BON DS—
Date.
Interest. Outstanding. Maturity.
S tock $4,500,000 ($100)......................
Q -F
$3,487,000 .......................
First m ortgage $2,500,0001 1903
5 g J-J
2,500,000 Jan. 1 1933
($1,000) gold— no slnklngU nt. at CltLens’ Sav. & T r. C o., C leve., Trus.
f u n d ___________________ c*J or at Chase N at. Bank, New York.
Bonds.— First mtge. bonds are subject to call as a whole on Jan. 1 1913
and on any interest day thereafter at 105 and Interest.
R O A D AND E Q U IPM E N T.— Owns and operates 105.3 miles of track In
F t. W orth and Dallas. Including an lnterurban line o f 33 miles, between
Dallas and Ft. W orth and extensions to Arlington Heights and Rosen
Heights. City line tracks, 60 to 85-lb. rails. For lnterurban use, 70-lb,
T rails; standard gauge; 176 pass, and 13 other cars.— V . 90, p. 628; V . 93,
p . 164.
________ _
F R E D E R IC K ,
F R E D E R IC K
CAL.
F R E S N O T R A C T IO N C O .— A tro lley r o a d .
In 1 9 1 0 S outhern P acific assu m ed c o n tr o l.
O R G A N I Z A T I O N .— ln c o r p . In C alifornia In 19 03 to bu ild 19 6 m . o ele c
tric ra ilw a y , Including lines from Fresno to W a w o n a , 79 m .; F resno to S e lm a ,
Fresno to T r im m e r ’ s S prin gs an d F resno to C en tral an d W a s h in g to n C o l
on ies.
S tock h old ers In 1 9 0 4 a u th . a m t g e . to secure $ 5 ,0 0 0 ,0 0 0 b o n d s .
V . 78 , p. 1222.
M ARYLAN D .
R A IL R O A D .
O R G A N IZ A T IO N .— Incorporated Dec. 7 1909 as a consolidation of the
Frederick & Middletown R R .. the Jefferson & Braddocks Heights R R . and
th e W ashington Frederick & Gettysburg R y . Also assumed lease o f the
Mycrsvllle & Catoctln Electric R R ., expiring Feb. 1 1914 (for terms of ease
eee V . 73, p. 287). V. 89, p. 1667.
Has acquired all the com . and pref. stock o f Frederick Gas & Elec. Co.
(all of whose bonds Frederick R R . now guar., p. & 1.), and Issued $40,000
addltlohal pref. stock to pay for same. V. 91, p. 1446.
STOCK A N D BON DS.—
Date.
Interest. Outstanding.
M aturity.
C om m on $ 1 ,2 5 0 ,0 0 0 .................................................
650,000 ....................
Preferred $250,000 6% cu m ................
180,000 No d lv. yet
First and refunding mtge $1.-1
1910 5 g M-S
190,000 Mch 1 1960
500,000 gold ($1,000)___ j Fidelity Trust C o.. Baltimore, Trustee.
Fred & Middletown first mtgel 1906
5 g J-J
250,000
1936
$250,000 gold ($1,000)___c/F Idellty Trust C o., Baltim ore, Trustee.
Fred Gas & Elec 1st M $200,-)
1904 5J-J
181,500 July 11929
000 g ($500&$1,000) g.p&I, in te r e s t at W est End Trust C o., Plilladelb y Fred R R : not sub to callj
phla, trustee.
IL L .
L IG H T CO.
In A u g . 1912 c o n t r o l w as a c q u ir e d b y M id d le W e s t U tlllltes C o . V . 95,
p . 480 .
O R G A N I Z A T I O N .— l n c o r p . In Illinois o n A u g . 20 1910 as a c o n s o lid a
tio n o f th e F re e p o rt R y . L ig h t & P o w e r C o, an d th e F r e e p o r t R y . & L ig h t
C o. (th e h o ld in g c o m p a n y ) .
Franchises e x p ire M arch 1 1923. H as tr a ffic a rra n gem en t fo r 50 y e a r s
w ith th e R o c k fo r d & ln te ru rb a n R y . C o ., allo w in g cars o f th a t c o m p a n y
t o enter F re e p o rt. A ls o has c o n tr a c t fo r c it y ligh tin g.
STOCK A N D BO N D S—
Date.
Interest. Outstanding.
M aturity.
........ ............
$ 7 0 0 ,0 0 0 ____________
C o m m o n $ 85 0,00 0 ............... ..................
P r e f. $ 40 0,00 0 5 % n o n - c u m .. __ .
1 50 ,000 ____________
F re e p o rt R y L t & P 1st m t g e / 1903
5 g M -N
33 5 ,0 0 0
See t e x t
$350,000 g ($ 1 ,0 0 0 )-------c* t A m e r ic a n T r. & S a v . B k , C h ica g o , tru stees.
F reep R y & L t m tg e $ 2 ,0 0 0 ,- / 1910
5 M -N
42 5 ,0 0 0 N o v 1 1 9 3 5
000 g ($100, $500 & $ l , 0 0 0 ) l l n t . a t C o n t. & C o m m . T r . & S . B ., C h .,tru st.
Bonds.— I n t. o n F . R . L . & P . b o n d s Is p a y a b le a t o ffic e s o f R u d o lp h
K le y b o lt e C o ., I n c ., In N . Y . , CIn. a n d C h lo. A r e s u b j. t o call a fter M a y 1
1913 b y lo t a t 105 & Int. $1 5 ,0 0 0 h a v e b e e n re tir e d . M a tu r ity o f b o n d s Is as
fo llo w s : $ 5,000 d u e In each o f th e years 1910, 1912 an d 1913 an d $5,000 a n
n u a lly fro m 1915 t o 1921 ln c l., th e re m ain d er In 1922. A s k .fd . p ro v id es fo r
th e p a y m e n t o f $2,000 per an n . fo r first 10 years an d $ 5 ,000 per a n n . th ere
a fte r. O f th e F re e p . R y . & L t . b o n d s, $35 0 ,0 0 0 are reserved fo r p rior liens .
T h e y are s u b j. t o call a t 102 H o n 30 d a y s ’ n o t ic e In 191 5. S k . fu n d begin s
In 1915. V . 91. p . 716.
E A R N I N G S .— F o r ca l. y e a r 1911, gross, $ 10 2,84 9 n et, $ 3 9 ,6 1 6 .
R O A D .— O perates 9 m . o f tr a c k ; 60 an d 9 0 -lb . T rail. S ta n d a rd g a u g e,
— V . 91, p . 7 1 6 ; V . 95, n . 4 8 0 .
STOCK A N D B O N D S—
D ate.
Interest. O utstanding.
M atu rity .
S to c k , $ 5 ,0 0 0 ,0 0 0 .......................................................................$ 5 ,0 0 0 ,0 0 0
.........................
M o rtg a g e, $ 5 ,0 0 0 ,0 0 0 ___________ 1 9 0 4
5%
5 8 ,0 0 0 J u ly 1 1944
F resno C ity R y first m t g e f 1 9 0 2
6 g J -J
1 2 8 ,0 0 0 J a n . 1 1 9 2 2
$ 1 5 0 ,0 0 0 gold ( $ 1 , 0 0 0 ) . _ c * iU n l o n T r u st C o ., S an F r a n ., T r u ste e .
B onds .— Fresno C ity b on d s h a v e a sinking fund o f $ 3 ,0 0 0 per an n u m for
first 2 y e a rs, $ 5 ,0 0 0 per an n u m for n ex t 5 years an d $ 7 ,5 0 0 per an n u m for
n ext 10 y e a rs, c o m m e n tin g J an . 1 1 9 0 5 .
B on d s c a n n o t b e c a lle d .
In
terest p a y a b le In N ew Y o r k and S a n F ran cisco.
R O A D .— In clu d in g th e old F resno C ity R y . (w hich th e F resn o T ra c tio n
operates u nder lease), has 31 m iles o f tra ck In an d a b o u t F re sn o .
S ta n d a rd
g a u g e, 7 5 -lb . T rail.
O F F I C E R S .— P r e s., W . F . H errin ; S e c ., F . C . A m b r id g e , F resn o; G e n .
M g r ., F . W . W e b s t e r .— V . 7 6 . p . 1 1 9 2 ; V . 7 7 . p . 1 7 4 6 ; V . 7 8 . p . 1 2 2 2 .
GADSDEN,
A LA .
A L A B A M A C IT Y Q A D S D E N & A T T A L L A R Y .
O R G A N I Z A T I O N .— In corp orated under a special ch a rter fr o m th e S ta t e
o f A la b a m a .
O p era tes, besides street r a ilw a y , a lig h t p la n t , a n Ice p la n t
and a coal ya rd .
STOCK A N D B O N D S—
D ate.
Interest. O utstanding.
M atu rity .
S to c k $ 5 0 0 ,0 0 0 ( $ 1 0 0 ) .........................
......................
$ 3 3 0 ,0 0 0
______ _______
N e w m ortgage $ 3 0 0 ,0 0 0 g o ld / 1 9 0 6
5 g M -N
2 9 8 ,0 0 0 N o v . 1 19 36
($ 1 ,0 0 0 ) .........................................1 In terest a t T ru st C o . o f A m e r .. N . Y . , T r u s t.
Bonds .— T h e unissued b on d s are reserved for fu rth e r ad d ition s a t 9 0 %
of c o st.
N e w b on d s are su b je c t to call on a n y In terest d a te a t 1 0 5 .
R O A D .— O p erates 11 m iles o f tra c k , c on n ec tin g t h e p o in ts n am ed In th e
title .
S tan d ard g a u g e, 40 lb . T rail.
A n e x te n sion o f 5 m iles to N o c c a lu la
F alls was b u ilt, b u t Is n ot now In op era tio n . E a r ly In 1 9 1 0 began op eratin g
a 2-m Ile ex ten sion to p la n t o f S ou th ern Iron & S te el Co
O F F I C E R S .— P r e s., G . H . S ch u ler, B ir m in g h a m ; V . - P . & T r e a s ., E . T .
Sch u ler, G a d sd e n .— V . 8 3 , p . 8 1 7
G A IN E S V IL L E ,
GA.
G A IN E S V IL L E R A I L W A Y & P O W E R CO.
O R G A N I Z A T I O N .- jI n c o r p o r a t e d In Georgia In J u ly 1 9 0 9 .
Is su ccessor
to th e G ain esville E leccrlc R y ., sold a t foreclosu re.
V . 8 9 , p . 103.
STOCK A N D B OND S—
D ate.
Interest. O utstanding. M a tu rity .
S tock $ 1 5 0 ,0 0 0 ($1 00 ) ........................
......... .............
$ 1 3 0 ,5 0 0 ..........................
M ortgage $ 1 5 0 ,0 0 0 gold
] 19 09
6 g J -J
1 3 0 ,5 0 0 J a n . 1 1 9 3 0
($5 00 ) _____________________c ’ / I n t . a t C e n t .B k .& T r .C o r p .,A t la n t a ,G a .,t r u s .
B onds .— R e m a in in g b ond s are for ex ten sion s an d b e tte r m e n ts. S u b je c t
to call after 1914 a t 10 5.
E A R N I N G S .— F o r c a l. y e a r 1 9 1 1 , gross, $ 2 6 ,0 2 9 .
I n 1 9 1 0 , g ro ss,
$ 2 3 ,8 0 4 .
R O A D .— O p erates 6 m iles betw een G ain esville an d N e w H o lla n d an d to
C h attah ooch ee P a r k .
S ta n d a rd g au ge.
7 0 -lb . T rail.
O F F I C E R S .— P r e s., A . G . S h arp ; V . - P . , W . A . Carlisle; S ec . & T r e a s ..
W . I I . S la c k .— V . 8 9 , p . 10 3 .
GALESBURG,
IL L .
P E O P L E ’ S T R A C T IO N C O . — A trolley road.
ORGANIZATION.— Incorporated In Illinois on May 23 1901.
D ate.
Interest. O utstanding. M atu rity .
STOCK AND BONDS—
Stock $200,000 ($100)_______ _____
_________
$150,000 .................
First mortgage $150,000 gold! 1902
5 g M-S
149,700 Mch. 1 1922
($100)_____________ c*<5er. I Interest at Farmers’ & Mech. Bk., Galesburg
Bonds. —Subj. to call after 10 years at 105. L . A. Townsend Is trustee.
$300 have been retired.
EARNINGS.— For cal. year 1911, gross, $38,817; net, $9,008.
ROAD.— Operates 12 H miles of track from Galesburg to Abingdon
Standard gauge. 60-lb. T rail.
OFFICERS.— Pres., A. P. Higgins; Sec., Treas. & Gen. Mgr., Chas. S.
Harris; Gen. Supt., S. E. Boggess.— V. 75, p. 1232.
ROCK
IS L A N D
SOUTHERN
R A IL R O A D .
ORGANIZATION.— lncorp. In 1906 under Steam R R . Act of Illinois.
Operated by electricity for passengers and steam for freight. Is controlled
by same Interests as Rock Island Southern R y . Franchises In Monmou*b
are for 20 years.
STOCK AND BONDS— Date.
Interest. Outstanding.
M aturity.
Stock' $500,000 ($100).......................................
$500,000 __________
1st M, $2,500,000 g ($1,000):/ ----5 g J-J
514,000 Jan 11947
red at 105--------------------- c 1Int. at Amer. Tr. & Sav. Bk., Chic., Trustee.
EARNINGS.— For year ending June 30 1911, gross, $80,475; net after
taxes. 540,556. In 1910, gross. $92,522: net after taxes. $50,533.
ROAD.— 16 miles between Galesburg and Monmouth. 75-Ib. rail.
Standard gauge.
OFFICERS.— Pres.. M. A. Walsh: V.-P., E. C. Walsh; Sec., J. W . Walsh;
Treas., C. II. Walsh; Gen. Mgr., W . W. McCullough.
52
ELECTRIC RAILW AYS
GALVESTON, T E XA S.
Q A L V E S T O N -H O U S T O N E L E C T R I C C O .— A holding com pany.
O R G A N IZ A T IO N .— Incorporated In Maine on May 8 1007. Controls
through ownership of stock the Galveston Electric C o., the Houston Elec.
Co. and the Galveston-H ouston E lec. R y. Co. The stock of the tw o former
companies has been exchanged for a like amount of this com pany's stock,
except $2,000 com . and $70,400 pref., which Is still unexchanged. In
April 1011 auth. com . stock was Increased from $3,000,000 to $4,000,000.
V. 92, p. 1108. $150,000 com . stock Is owned by P ub. Serv. Invest. Co.
STOCK AND IJONDS—
Date. Int. Per. Outstanding.
L a stD iv.
Comm on $4,000,000 ($100)________ M-S 15
$2,008,000
Sept. '12 2%
Pref $3,000,000 6% c u m ($ 1 0 0 )____ M-S 15
2,929,600
S ept. '12 3%
600,000
A pr 1 1914
C onv. notes $2,000,000_____ 1 1911 6 A-O
($ 1 ,0 0 0 )------------------------ c * /I n t . at State Street Trust C o., B oston, Trus.
Notes payable July 31 1 9 1 2 .......
..........
32,500
___________
Stock.— Pref. Is callable at 120 and accum . d lv .; $409,700 of pref. re
ported outstanding above Is In treasury of com pany. Both pref. and com .
are listed on Boston Stock E xchange. Unissued pref. and $2,000 com . are
reserved for exchange of an equal am ount of pref. and com . of Galveston
Electric Co. and Houston Electric Co.
N otes.— Outstanding coupon notes are con vert. Into com . stock at par
until and incl. Jan. 1 1914, remaining notes m ay be issued with or without
conversion privilege. Subject to call as a whole on 60 days’ notice at 101
and Interest. V. 92, p. 794.
Dividends.— On com m on, 114% seml-ann. since Sent. 1909 to and|incl.
March 1912, amount then Increased and paid 2 % In Sept. 1912.
E A R N IN G S.— Of the com bined companies for 12 m os. ending June 30
1912, gross, $1,733,952; net after taxes, $674,329; lnt., $260,965; sink,
fund, $57,135; balance, $356,229.
R O A D .— Controls 144.2 miles of track.
O F F IC E R S .— Pres., Marshall M. Phlnney; V .-P ., Edward Byrnes; S ec..
Clement R . Ford; Treas., H enry B . Sawyer; Gen. Mgrs., Stone & W ebster,
B oston.— V . 89, p. 593: V. 90, p. 372, 559, 1613; V. 91, p. 1327; V. 92,
p. 794, 881, 1108; V . 95, p. 679.
(1) G a lv esto n E lectric C o. — A trolley ro a d .
O R G A N IZ A T IO N .— Incorporated In Texas on May 1 1905 as successor
to the Galveston City R y . See V . 80, p. 1971. Does the entire electric
railway and part o f the electric lighting business o f the city. Franchise
expires In 1950. Substantially all the stock Is owned by the GalvestonH ouston Electric Co
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
M-S
$1,000,000 Sep. 12 , 1 H
Common $1,000,000 ($100)................
Pref 6 % n-c $1,000,000 ( $ 1 0 0 ) -----6 M-S
500,000 Sep. ’ 12, 3 %
First m ortgage $2,500,0001 1905
5 g M-N
1,269,000 May 1 1940
gold ($1,000).....................c * (I n t . at Old Colony Trust Co., Boston, Trus.,
I
or at com pany’s agency in New York.
Notes payable July 31 1912 . - ----------------175,000 ___________
Stock and Bonds.— $ 150 000 of pref. reported out Is In treasury of com
pany. Of the bonds $1,191,000 reserved for additions and lmpts. at 80% of
cost and $40,000 have been retired. A s in k ju n d of 1 \4% of bonds certified
began July l 1906, If earned, and on July 1 1911 became a fixed charge.
Bonds are subj. to call as a whole or in part for sink, fund on any lnt. date
at 110 and lnt. on 30 days’ notice. See V. 81, p. 975.
Dividends.— On com m on, first d lv., l /$ % , Sept. 1909. In 1910, 3 % .
In 1911, 3 % . In 1912, M ch., 1 )4 % ; Sept., 1J$% .
R O A D .— Embraces 37.8 miles of track. Standard gauge. 60-lb. rail.
Has 76 cars.
. E A R N IN G S.— For 12 months ending June 30 1912, gross, $455,850;
net after taxes, $195,196; lnt., $71,00?; sink, fund, $19,635; balance, $104,
559.
O F F IC E R S .— Pres., Marshall M. Phlnney: 1st V .-P ., Eliot W adsw orth;
2d V .-P ., W ilbur A . Carter: S ec., Clement R . Ford; Treas., Henry B . Saw
yer; Gen. Mgrs., Stone & W ebster, B oston.— V . 81, p. 975; V. 85, p. 599.
(2) G alveslon-H ouston Electric R y. C o.— A trolley road.
O R G A N IZ A T IO N .— Incorporated In Texas on April 17 1907. On May
14 1907 the stockholders authorized an Issue of $5,000,000 bonds for con
struction purposes. V. 84, p. 1247; V. 90, p. 372. On April 13 1909 In
creased auth. stock to $3,500,000. All the stock Is owned by the GalvestonH ouston Elec. Co. Owns and operates an interurban railway on private
right of way between Galveston and Houston, a distance of 44.5 miles.
Operation began In Dec. 1911.
STOCK AN D BO N D S.—
Date.
Interest. Outstanding.
M aturity.
Stock $3,500,000 ($ 1 0 0 )_______ _
__________ $1,650,000 .....................
First mtge $5,000,000 g guarl 1909
5 g A-O
2,750,000 Oct 1 1954
($500 and $1,000 coupon) )Int. at Old Colony Trust C o., Boston, Trustee
($1,000 & $5,000 reg ). .c& rj
Bonds.— Remaining $2,250,000 bonds are reserved for acquisitions and
Improvements. Subject to call on any lnt. day In whole or In part tor sink,
fund at 105 and lnt. Sink, fund of 1% of bonds Feb. 1 1910 to 1944; there
after 1 4$%. First five paym ents waivable. Bonds are guar., p ., i. and s.
f., bv G alv.-H ous. Elec. Co. See V. 90, p. 697.
R O A D .— Embraces 45.5 miles of track. Standard gauge. 10 passenger
and 2 other cars.
O F F IC E R S .— Pres., Marshall i t . Phlnney; V .-P ., L ukeC . Bradley; Sec.,
Clement II. Ford; Treas., Henry B. Sawyer; Gen. Mgrs., Stone & W ebster
Management Association.
(3) H o u sto n E lectric C o m p a n y .— Trolley.
O R G A N IZ A T IO N .— Chartered at Austin, T e x ., on O ct. 26 1901, and is
successor to the Houston Electric Street Railw ay C o., sold at foreclosure
O ct. 1901. Controls all the street railways in Houston. Franchise origin
ally ran until O ct. 23 1025, but in Jan. 1903 was extended 10 years; for
terms, see V. 76, p. 158. Substantially all the stock Is owned by the Galveston-H ouston Electric Co.
STOCK A N D BON DS—
Date.
Interest. Outstanding.
M aturity.
Common $2,000,000 ($100)................
M-S
$2,000,000 S ep .’ 12, 3%
Pref 6 % n-c $1,000,000 ( $ 1 0 0 ) ____
F-A
1,000,000 A u g .’ 12.3%
First mortgage $2,500,0001 1900
5 g F-A
2,500,000 A ug. 1 1925
gold ($1.000) sink fu n d ..c * l lnt. at International Trust C o., Boston, Trus.
Bonds.— Entire Issue, but not any part, can bo called at 107 4$ and lnt.
Sinking fund of 114% of bonds outstanding payable on A ug. 1 each year.
See V . 74, p. 680; $307,000 of bonds reported outstanding was held by tills
fund on Jan. 1 1912.
Dividends.— Dividend on preferred stock due A ug. 1904 and Feb. 1905
was passed because of strike and b oycott; the strike was terminated O ct. 11
1904 (V . 79, p. 1704) and dividends were resumed on A ug. 1 1905, when
3 % was paid; 1906 to 1911, incl., 6% annually. In 1912, Feb., 3 % . On
com m on, first d lv., 114% . paid Sept. 1909; In 1910, 3 % ; In 1911, 3 % ; in
1912, Mch., 2 % ; Sept., 2 % and 1% extra.
R O A D .— Comprises 60.9 miles of track. Standard gauge. 45 to 96-lb.
rail. 208 cars.
E A R N IN G S .— For 12 months ending Dec 31 1911, gross, $1,079,452; net,
$427,233; Interest and taxes, $200,571; sinking fund, $37,500; dividends,
$120,000: surplus, $69,162.
O F F IC E R S .— Pres., Guy E. Tripp: V .-P ’s Marshall M. Phlnney and
Luke C. Bradley; Sec., Clement R . Ford; Treas., Henry B. Sawyer; Gen.
Mgrs., Stone & W ebster Mgt. Assn., B oston.— V . 81, p. 1795; V. 85, p. 600.
G A R Y , IN D IA N A .
GARY & INTERURBAN R Y. C O . — (See M ap page 53) .—
O R G A N IZ A T IO N .— Incorporated In Indiana In A ug. 1907. Franchise
In Gary expires 1957: In Tolleston, 1959; In H am m ond. 1939.
For traffic agreement with Gary Connecting R ys., see that co. below.
Reported F inancing.— In Sept. 1912 It was reported that arrangements
had been made to lloat a $4,000,000 loan In London for extensions. V. 95,
p. 750.
STOCK A N D BO N D S.—
Date.
Interest.
Outstanding.
Maturity.
Stock $1,000,000 ($25).................. ..
Q-J
$885,150 J u t y 'll , 1%
Refunding & 1st mtge $10,-1 1910
5 J-J
1,000,000 July 1 1930
000,000 g ($500 & $ 1,000). lin t. In N. Y . or Chic., or through Lawrence
J Barnum & C o., W est. Tr.& Sav.Bk.,C h..tr.
Bonds.— Remaining bonds m ay be Issued for 90% of cost of extensions,
Improvements, &o., under certain restrictions. S ubj. to call at 105 and
lnt. Sk. fd. of 1% of bonds out each year from 1915 to 1920 and 2%
thereafter. V . 91, p. 1385.
Dividends.— Initial d lv., 1 % , paid July 1910; O ct., 1 % ; in 1911, Jan., 1% ;
April, 1% ; July, 1% ; none since to July 1912.
E A R N IN G S .— For 9 m os. end. Mch. 31 1912, gross, $131,421; net,
$53,636.
•
R O A D .— Operates 22 miles of track, consisting of local lines In Gary and
extension through Tolleston to Ham m ond and East Chicago. A t Ham
m ond connects with lines running to centre of Chicago. An extension to
Indiana Harbor Is under construction, half of which is In operation. Stand
ard gauge 60 and 85-lb. T rail.
[VOL. LXXXXV.
O F F IC E R S .— Pres., F . N. Gavit; V .-P . & Gen. M gr., A . C. Miller; Sec.,
Chas. W . Chase; Treas., L . E . W oodw ard.— V . 85, p. 1461; V . 89, p. 993,
1596; V . 90, p . 1675; V . 91, p. 1385; V. 95, p. 750.
G A R Y C O N N E C T IN G R A I L W A Y S — (See M ap page 5 3 ) .
O R G A N IZ A T IO N .— Incorp. In Indiana In M ay 1911. W hen com pleted,
will provide a connecting link between the Gary & Interurban R y . (see
a b o v e ), Goshen South Bend & Chic. R R . (stock auth. & ou t., $150,000; no
bonds; In operation between La Porte and Goodrum , 20 m iles), and Valpa
raiso & Northern R y . (see below ). Bankers ollerlng the bonds In 1911
stated that a 99-yr. contract provides that aforesaid interurban lines shall
transfer a minimum of 36 cars per day over the Gary Connecting R ys. at
rate of 25 cents per car mile. Transfer of cars, over and a bove minimum
am ount guar., at 25 cents per car mile for m otor cars and 20 cts. for trailers.
STOCK A N D BON DS—
Date.
Interest. Outstanding. Maturity.
S tock, $500,000 ($100)______ ______
__________
$500,000 3___________
First mtge $400,000 gold f 1911
5 g J-D
400,000 June 1 1921
($500 and $1,000), g u ..c * lW e s te r n T r. & Sav. B k.. Chic , Trustee.
Bonds.— 1st M. bonds are subj. to call at 105 and lnt. Int at Lawrence
Barnum & C o., New Y ork. The bonds are unconditionally guar., Jointly
and severally, b y the Gary & Interurban R y ., Valparaiso & Northern R y .
and Goshen So. Bend & Chic. R R . V. 93, p. 1386.
R O A D .— Is constructing 16 miles from Gary to Goodrum . Standard
gauge 60-lb. T rails.
O F F IC E R S — Pres, and M gr., A . C. Miller; V .-P ., F . II. W ood; S ec.,
C. W . Chace; Treas., L . E . W oodw ard.— V. 93, p. 469, 1386.
V A L P A R A I S O & N O R T H E R N R Y . — (See M ap page 5 3 ) .
O R G A N IZ A T IO N .— Incorporated In Indiana. Has traffic agreement
with Gary Connecting R y s., which see above.
STOCK AN D BON DS—
Date.
Interest. Outstanding. Maturity.
................$250,000 ___________
Stock, $250,000 ($ 2 5 )._ ......... .......
First m tge.$250,000 ($100),g j ____
5 g A-O
250,000 A pr 1 1930
callable at 105 __________c j l n t . at Alct. Tr. & Sav. B k., Chic., trustee.
R O A D .— Operates 12 miles from Chesterton and Porter, through Good
rum to Valparaiso. Standard gauge, 60-lb. T rails.
O F F IC E R S .— Pres. & Gen. M gr., A . C. Miller; V .-P ., Ira C. W ood ; Sec.
and Treas., L . E . W oodw ard.
GENEVA,
N
Y .
G E N E V A & A U B U R N R Y . — T r o lle y .
Receivership.— On Feb. 5 1912 Justice Sutherland at Rochester appointed
R . R . Quay, Pittsburgh, and A . B. A tw ood, Seneca Falls (Pres, and Gen.
Mgr., respectively) receivers o f the com pany, interest due O ct. 1911 being in
default. V. 94, p. 416. A Judgment in the Federal Court o f $155,000
stands against the road, but a stockholders’ protective com m ittee has the
greater part of the notes on which it is based
On June 26 1912 all the
outstanding stocks and bonds were sold at auction for $200,000. V. 05,p.47.
O R G A N IZ A T IO N .— Chartered March 18 1895 as a consolidation of the
Geneva & W aterloo and other companies. Owns the Cayuga Lake Park
property of 50 acres. V. 60, p. 562
In Sept. 1909 name of com pany was
changed from Geneva W aterloo Seneca Falls & Cayuga Lake Traction
to the above.
STOCK AN D BONDS— Date.
Interest. Outstanding.
M aturity.
Common stock, par $100_____ _____
_______
$350,000 ____ _______
Pref, $100,000 ($ 10 0 )............. ..........
6
100,000 1 9 1 0 -1 1 ,6 %
Geneva & Aub mtge $2,500,-1 1909
5 g A-O
400,090 April 1 1939
000 ($500 & $1,000) g .c & r /I n t. at West End Trust C o., P hila.. Trustee.
Bonds.— Bonds are subject to call on and after April 1 1914 at 105 and
Interest; sinking fund of 4$ of 1% begins April 1 1914.
R O A D . —The road extends from Geneva to Cayuga Lake Park, through
W aterloo and Seneca Falls. 17 miles; sidings,
mile. Ralls 70-lb. girder
and 60-lb. T . Track, standard gauge. Operates 25 m otor cars, 8 trail cars,
1 snow-plow, 1 sweeper.
E A R N IN G S .— For year ending June 30 1911, gross, $94,863; net, after
taxes, $31,582; charges, $30,223: surplus. $1,359.
O F F IC E R S .— Pres., R . R Quay. Pittsburgh, Pa.— V. 80. p. 2344:
V. 84, p. 51; V. 89, p. 721; V. 94, p. 416; V. 95, p. 47.
G IR A R D ,
PA.
C L E V E L A N D & E R I E R A I L W A Y CO.
O R G A N IZ A T IO N .— Incorporated in June 1909. Is successor to Conneaut & Erie Traction C o., sold at foreclosure. Owns all the stock and
bonds and leases the Conneaut & Erie Traction Co. of Ohio, which owns
1.99 miles of track. Franchises are for 999 years.
STOCK A N D BO N D S.—
Date.
Interest. Outstanding.
Maturity.
Stock $300,000 ....... ........................................................
$300,000 •....................
First mortgage $800,000 gold) 1909
5 J-J
500.000 July 11929
($250 and $ 5 0 0 ) ......... . . . c / I n t . at Fidelity Trust C o.. Phila.. trustee.
Incom e bonds $500,000 ($2501 1909
5 July
500,000 July 1 1929
and $ 5 0 0 ) ....... ..................... /I n t . at Fidelity Trust C o., Phila., trustee.
Bonds.— Remaining first mortgage bonds are reserved for extensions,
betterments, &c. They are subject to call at 105 and lnt. on 3 m os.’ no
tice. Int. on Income bonds Is only payable If earned, and Is non-cum.
They ore subject to call at par. Bonds have no sinking iund. No Inter
est has been paid on Incomes.
E A R N IN G S.— For 12 months ending June 30 1912, gross, $113,336;
net, $39,591; lnt.. rents and taxes, $38,856; surp., 8735.
R O A D .— Owns 31.29 miles of track. Operates between Conneaut and
Erie. Standard gauge; 60-lb. rail: 9 passenger and 8 other oars.
O F F IC E R S .— Pres., C. E. W illeek, Pittsburgh; V .-P ., J. S. Rilling,
Eric, Pa.; Treas., J. It. McDonald, Eric, Pa.; See., J. M. Smith, Girard, Pa.;
M gr., R . W . Palmer, Girard, Pa.
G IR A R D V IL L E ,
SC H U Y L K ILL
R A IL W A Y
PA.
CCL
O R G A N IZA T IO N .— Incorporated In Pennsylvania on July 20 1903 and
purchased the property of the Schuylkill Traction Co. and the Lakeside R y .
Co. V . 80, p. 1729.
„
STOCK AN D BONDS—
Date
Interest. Outstanding.
Maturity.
Stock $400,000 ($50).......................................... ..
$400,000 - - - - - - - - -
1st cons mtge, $1,450,000, gl 1905
5 g A-O
640,000 Apr 1 193o
($500 and $1.000)........... c*JInt. at Fidelity T r. C o.. P hila.. trustee.
Bonds.— Of the remaining first consol, bonds, $760,000 are reserved to
retire the underlying liens In statement below and $50,000 are In treasury.
____
Are subject to call at par and interest.
E A R N IN G S.— For year ending June 30 1912, gross, $188,471; net, iafter
taxes, $78,622; Int., A c., $51,183; other d cd uc’s, $1,917; surp., $-o,o_,2 .
O F F IC E R S .— Pres.. Powell Evans. Phila.; Sec. A Treas., J. A . M cK ee,
Phila.; Asst. Sec. & Treas., Chas. E. Hanna, Bala, l ’a.: Gen. Mgr., W . S.
Lelb, Pottsvllle.— V . 80, p. 1729; V . 82, p. 1157; V . 87, p. 286.
(1) Schuylkill Traction C o.— A trolley road.
O R G A N IZ A T IO N .— Chartered Sept. 26 1892, In perpetuity, under the
Motor Traction A ct o f March 22 1887. Road opened June 1 1893. On Jan.
6 1893 leased for 999 years the Mahanoy City Shenandoah Glrardvllle <5s
Ashland Street Railway. On Oct. 5 1893 leased for 999 years the Ashland
Locustdale A Centratla Elec. R y. Owns all the stock of these two roads,
which Is pledged under the first m ortgage. On April 27 1900 leased for 999
years the Lakeside R y ., which connects the two ends o f the com pany’s
routes from Mahanoy CItv to Shenandoah and purchased 2,600 of the 5,000
shares of the capital stock. On Jan. 24 1901 leased the Shenandoah A
Pottsvllle Street R y. for 999 years (Incorporated A ug. 1 1900), and from
Pottsvllle to Shenandoah, 13 miles, and bought all Its capital stock. The
Lakeside Shenandoah A P ottsv. stock Is pledged under consol, mtge.
STOCK AND BONDS— M iles. Date. Interest. Outstanding. Maturity.
1st M, $500,000, g, $5001 22 4$ 1893 5 g A-O
$500,000 April 1 1943
A $1,000, s f $ 10,000fInterest Is paid at Eqult. T r. C o., Trustee, Phila.
y ’ly after Apr ’ 98-C*J Bonds m ay be purchased for sinking fund at 105.
1st mtge. Lakeside R y .l 5 !4 1893 4 g M-N
150,000 N o v i 1923
g, $150,000, guar byMnterest at Equitable Trust C o., Philadelphia,
Schuylkill T ra ctio n ..]
Trustee.
. .
___
New con mtge, see text) . .
1901 4 4$ g J-J
105,000 July 1 1951
($1,000), g _______ c*]Interest at Fidelity Trust C o., Pldla., Trustee.
Power-house m ortgage_____ _ _ ____
_______
5,000 ___________
Bonds.— A uth. amount o f consol, m tge. was $2,000,000, but m tge. has
been closed with $105,000 out. Of the outstanding bonds $36,000 are held
In the treasury. Subject to call at 105 and Interest. Sinking fund of 1%
of bonds out became operative A u g. 1 1907.
GARY
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S e p t ., 1 9 1 2 . J
R O A D .— Schuylkill T r a c tio n D ivision 22
m iles o f tr a c k , begin n in g a t
L ocu std a le, th en ce th rou gh A sh lan d , H olm e svllle t o G Irardville, fo r m in g
there a Y on e branch ru n n in g th ro u gh L o s t Creek t o S h en a n d oa h an d th e
oth er branch t o M aizevtlle, G llberton and M ah an oy C ity .
L a k eside D i
vision 5 H m iles. T o ta l 28 m iles. 60 and 7 0 -lb . T rail,
e x te n s io n s o f 43
m iles p rop osed and charters o b ta in e d .
O perates 51 m o to r cars. 4 w ork
cars and 2 snow sw eepers.
E x te n siv e Im p ro v e m e n ts h a v e been m a d e .
— V . 80, p . 1729.
_
GRAN D R A P ID S , M ICH .
C O M M O N W E A L T H P O W E R . R A I L W A Y & L IG H T C O .— (See Map on
pane 54J
O R G A N I Z A T I O N .— In c o r p o r a te d In M aine F e b . 19 1910 t o c a rry o u t
th e plan o u tlin e d In V . 90. p . 1 0 8 ,4 4 7 , fo r am a lg a m a tin g ce rta in gas, e lec
tric ligh t, pow er and stre e t railw ay enterprises In M ich iga n .
O w ns p ra ctica lly all o f th e c o m . s to ck s o f the
C on sum ers P ow er C o .
IS a g in a w -B a y C ity R a ilw a y C o.
G ra n d R a p id s R y .
] C a d illa c W a te r A L ig h t C o .
M ichigan L igh t C o.
|
O n A u g . 1 1912 c o n s titu e n t c o m p a n ie s h ad o u ts ta n d in g In han ds o f th e
p u b lic $1)),360,>;00 b o n d s an d $ 8 ,6 4 4 ,0 0 0 p re f. s t o c k .
STOCK —
Date.
Interest. Outstanding. Maturity.
C om m on $1 2 ,0 0 0 ,0 0 0 ($ 1 0 0 )........................... ............ $ 1 2 ,0 0 0 ,0 0 0 ____________
P r e f( 6 % c u m )$ 6 .0 0 0 .0 0 0 ($ 1 0 0 ) ____
Q -F
6 .000,000 A u g .'1 2 . 1 H
Coll n otes $ 2 ,0 0 0 ,0 0 0 ............._ f 1912
5%
2 , 0 0 0 ,0 0 0 J ’n c 10 1913
[B a n k e rs T ru st C o .. N . Y . .tru stee.
P ref. s to c k Is red eem a b le at 105 an d a ccru e d d iv id e n d .
Dividends.—Quar. d lv s . o f 1 y$% h a v e been paid o n p re f. fro m M ay 1
1910 to an d Including A g . 1 1912.
Latest Darnings.— F or 12 m o n th s e n d . J u ly 31 1912, gross, $ 5 ,9 5 0 ,3 9 o
n et, $ 2 ,8 1 4 ,8 4 4 ; fixed ch a rge s, $ 1 ,7 1 0 ,0 9 4 ; p re f. d lv ., $36 0 ,0 0 0 ; b a l., $ 74 4,
750 .
E A R N I N G S .— F or ca le n d a r yea rs:
C a l. Y r .
C ross.
E xp en ses.
N e t.
C h a rg es.
P f .D t v .,C > % .
S u rp .
1 9 1 1 ___$ 5 ,519,639 $ 2 ,8 8 7 ,3 7 7 $2,6 3 2 ,2 6 2 $ 1 ,5 4 9 ,9 5 5 $ 3 6 0,00 0 $722,307
1910
. 5 ,072,267 2 ,638,501
2 ,4 3 3 ,7 6 6
1,474,248 3 6 0 ,0 0 0 599,518
Charges in cl. in t., taxes & d lv s . o n p re f. s to ck s o f c o n s titu e n t c o m p a n ie s.
P R O P E R T Y . A c .— T h ro u g h Its co n s titu e n t c o m p a n ie s ow n s an d op e ra te s
street ra ilw a y p rop erties in G rand R a p id s , S ag in a w an d B a y C ity a n d
ln te u rb a n lines con n ectin g Sagin a w an d B a y C ity an d S a g in a w an d F lint;
gas properties In.Jackson, K a la m a zo o , P o n tia c, F lin t, S a g ln a w a n d B a y C ity;
e lectric-lig h t an d pow er properties in G rand R a p id s , K a la m a z o o , J a c k s o n ,
F lin t, Sagin a w , B a y C ity , C adillac, P o n tia c , B a ttle C reek, L a n sin g and a
n u m b er o f Interm ediate cities and to w n s; w ater business in C a dillac, and
ow n s h v d r o -e le ctr lc g en eratin g s ta tio n s and v a lu a b le w a te r-p o w e r p ro p e rty
and rights alon g the G rand, K a la m a zo o , M u sk egon and A u S ab le liv e r s .
O F F I C E R S .— P res., A n to n G . I lo d e n p y l; V .- P . , C. M . Clark; V .- P . and
S e c ., G eo. E . H ard y: T reas. and A s s t. S e c ., J a c o b H e k m a ; A s s t. T r c a s .,
C. A . P ea rson .— 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.
(1)
G rand R a p id s R y .— T r o lle y .
P ra ctica lly all the c o m . s to c k Is o w n e d b y C o m . P o w . R y . & L t . C o.
O R G A N I Z A T I O N , A c .— I n c o r p . In M ich . In A p ril 1900 as a su ccessor
c o m p a n y to the C on solid ated S t. R y .
O w ns all street ra ilw a y p ro p e rtie s o f
G rand R a pid s. Franchises exp ire In 1920, In 1921 a n d in 1929.
STOCK A N D BO N DS—
Date.
Interest. Outstanding.
Maturity.
S tock 'ini $ 2,000,000 ($ 1 0 0 ). _______
Q -M
$ 2 .0 0 0 ,0 0 0 S e p t . ’ 12 1 %
P ref $2,0 0 0 ,0 0 0 cum 5 % ($ 1 0 0 ) ____
Q -F
1,5 0 0 ,0 0 0 A u g .’ 12, IX
G rand R a p R y Co 1st m tg e i 1900
5 g .J -D
3 ,2 1 0 ,0 0 0 Ju n e 1 1916
$ 3 ,5 0 0 ,0 0 0 gold ($1,000) c * J In te r e s t at New Y o r k T ru s t C o ., T ru ste e .
Bonds. A c . — O f th e new m o rtg age fo r $3 ,5 0 0 ,0 0 0 , $ 2 9 0 ,0 0 0 h a ve been re
tired b y sin kin g fu n d .
S inking fu n d b e ca m e o p e r a tiv e o n O c t . 1 1905,
p a y a b le 1% o f b on d s o u t up to O c t . 1 1910, then 2 % u p to 1915 (see
V. 70, p. 1149).
B on d s c a n n o t be c a lle d . See V . 72, p . 1187.
B onds
are listed on N ew Y o r k S to c k E x ch a n g e .
Dividends.— D ividends on preferred s to c k are cu m u la tiv e and 1 X %
q u a rterly has been regu larly paid up to an d Inclu din g A u g . 1 1912. T h e
llrst d lv . o n c o m m o n — 1 % — w as paid S e p t. 1 1906 and has been a t rate
o f 4 % a n n u a lly since th a t d a te to an d Inclu din g S e p t. 1912.
R E P O R T .— F or ca len d a r years:
Year—
Gross. Net (alt. Tax.) Interest.
Pref Div.
Surplus.
1011
____ $ 1 ,169,393
$50 9,11 5 $179,388
(5 % )$ 7 5 ,0 0 0
$25 4,72 7
181,272 (5 % ) 75,0 0 0 256 ,6 6 0
1910 ........ ........... 1,132,578 512,932
R O A D .— O w ns an d op e ra te s 63.5 m iles o f tra ck , 131 m o t o r pa ss, cars
an d 15 trailers.
O F F I C E R S .— Pres, and G en. M gr., B . S . H a n c h e tt, G rand R a p id s ;
V .- P s ., C. M. Clark and Lester J . R ln d g e ; S ec. A A s s t. T r e a s ., L . J . D e
L a m a rter; T rea s. & A sst. S e c ., G . L . E s ta b ro o k , P h ila d e lp h ia .
O ffic e ,
G rand R a p id s , M ich .— V . 8 4 , p . 220, 749 ; V . 85, p. 40.
(2) Saginaw-Bay City Railway Co.
E n tire s to c k (e x c e p t d ir e cto r s ’ shares) Is o w n e d b y C o m . P o w ., R y . A L t .C o
O R G A N I Z A T I O N .— T h is c o m p a n y Is a co n s o lid a tio n o f th e S aginaw
V alley T r a c tio n C o. an d railw ay d e p t, o f th e B a y C ity T r a c tio n A E le c . C o .
Franchise Defeated.— A t special fra n ch ise e le ctio n held on A u g . 20 1912,
th e p r o p o s itio n to perm it th e c o m p a n y to bu ild a n u m b e r o f e x te n sio n s w as
d e fe a t e d .
V . 95, p. 481.
STOCK A N D BO N DS—
Date.
Interest. Outstanding.
Maturity.
S to c k , $ 2 ,6 0 0 ,0 0 0 __________ ..A ll ow n e d b y C o m m o n w . P r. R y . .A L t . C o.
First and refu n din g m ortg a ge ) 1910
5 M -S
$ 1 ,1 5 0 ,0 0 0 M ch 1 1935
$ 5 ,0 0 0 ,0 0 0 ($ 1 ,0 0 0 )------- c * (M ic h ig a n T ru st C o ., G rand R a p id s , T ru stee
S agina w V a lley T ra c 1st M,jf 1899
5 g F -A
7 6 1 ,0 0 0 F e b 1 1920
$85 0 ,0 0 0 , g (8 1,000 e a c h )c * \ I n t . a t B o sto n S afe D e p . A T r . C o ., T ru stee
Bonds.— O f the 1st A ref. b on d s $ 8 5 0,00 0 are reserved to retire S a g . V a l.
T r a c . b on d s; rem ain der fo r 8 5 % o f c o s t o f a d d itio n s , A c . T h e y are re d . on
a n y ln t. d a te a fter M ar. 1 1915 o n 60 d a y s ’ n o tice at 105 an d ln t.
I n t . at
I lo d e n p y l, H a r d y A C o ., N . Y .
A sinking fund o f $ 8 ,500 per ann um o n S ag . V a l. T r a c . b o n d s b egin s F e b .
1 1907 and runs for 5 years, a fter w h ich $17 ,000 per ann um is p a y a b le , said
fu n d to be Invested In th e b o n d s at n o t a b o v e 107 Vi and ln t. S in k in g fu n d
held on M ay 1 1912 $67 ,000 o f b o n d s; $19 ,000 are also o w n e d b y C o m
m on w ea lth Pow er, R y . A L igh t.
E A R N I N G S .— F or 12 m on th s en d in g M a y 1912, gross, $ 61 6,94 3; n e t,
a fte r taxes, $22 3,98 2.
R O A D .— O perates a b o u t 59 m iles o f street ra ilw a y track in S ag in a w an d
B a v C ity, Incl. Interurban line be tw e e n the tw o citie s.
O F F I C E R S .— P res., B. C. C o b b : V .-P s ., II. T . W lck cs , J . E . D a v id s o n
and E . J. B ech tel; S ee., F . C. P o tv ln : T re a s., A . B . S lm o n e a u ; A sst. S e c. A
A s s t. T r e a s ., S. E. VVollf.— V . 94, p. 083; V . 95, p . 208, 481.
(3 )
M ich igan
L ig h t
Co.
All the c o m m o n stoeg Is o w n e d b y C om . P o w . R y . A L t. Co
O R G A N I Z A T I O N .— I n c o r p . In N ew Jersey In D eo. 1904. O w ns e n tire
s tock s o f the fo llo w in g co m p a n ie s ;
Ja ck son Gas C o.,
I F lint Gas C o .,
K a la m a z o o Gas Co
|Saginaw C ity Gas C o .,
P o n tia c L ight C o ..
|B a y C ity Gas C o.
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
C om m on $ 3 .0 0 0 ,0 0 0 ........................ ..................... .............. $ 2 ,5 0 0 ,0 0 0 __________
P referred 6 % c u m u la t iv e ....................
Q -J
2 ,1 4 4 ,0 0 0
S ee t e x t
S ag C i t y Gas 1st M , $ 1 ,0 0 0 ,- /
1901 5 g M -N
750 ,0 0 0 M a y 1 1916
0 0 0 , g ($500 A $ 1 ,0 0 0 ) ..c* 1 In t. at M ich . T r . C o ., G rd . R a p ., tru ste e .
B a y C i t y Gas 1st M. $ 5 0 0 ,0 0 0 / 1900
5 g J -D
3 7 5 ,0 0 0 Ju n e 1 1920
g ($500 A $ 1 ,0 0 0 )---------- c ’ jln t c r e s t a t N ew Y o r k T ru s t C o ., tru ste e .
F lin t Gas C o 1st M , $ 5 0 0 ,0 0 0 /
1904 5 M -N
500 ,000 N o v
1 1924
($500 A $ 1 , 0 0 0 ) ________ o * l I n t. a t M ich . T r . C o ., G rd . R a p ., tru ste e .
J a ck son Gas Co m tge, $ 3 5 0 ,-/ 1897
5 A -O
350 ,000 A p ril 1 1937
000 g old ($ 1 ,0 0 0 ).............c*1 Illinois T ru s t A S a v . B a n k , C h ic ., tru stee.
K al Gas Co 1st M, $ 4 5 0 ,0 0 0 /
1900 5 J-J
4 00 ,000 Jan
1 1920
( $ 1 . 0 0 0 ) ............................... c * l I n t. at M ich . T ru s t C o ., G rd . R a p ., tru ste e .
P o n tia c L ig h t C o con sol m t g e /
1902 5 J-J
209 .000 Jan
1 1927
323 0 ,0 0 0 , g. ($ 1 ,0 0 0 ) ---- *1 In t. at M ich . T ru s t C o ., G rd . R a p ., tru stee.
Bonds.— $107,000 an d $12 5 ,0 0 0 , re s p e c tiv e ly , o f b o n d s o f S a g . C ity Gas
1st M . an d B a y C ity Gas 1st M . are Issued in a d d itio n to a m o u n ts sh ow n
a b o v e , an d are ow n ed b y M ich . L ig h t C o .
B a y C ity an d J a ck so n b o n d s are
re d . at 110 A Int. K a la m a zo o , P o n tia c , F lint and S a g . C ity Issues are r e d .
a t 105 an d Int. I n t. on J a ck so n Gas C o . b o n d s Is p a y a b le a t I lo d e n p y l,
H a r d y A C o ., N ew Y o r k .
E A R N I N G S .— F or 12 m o s. e n d . J u ly 31 1912, gross, $ 1 ,3 7 6 ,1 9 7 ; n e t,
$61 9,10 5; fixed charges, $ 18 3,74 0; p re f. d lv ., $ 1 2 8 ,6 4 0 ; b a l., $ 3 1 0 ,7 2 5 .
Dividends on pref. h a v e been paid re gu la rly sin ce o r g a n iz a tio n .
P R O P E R T Y .— C on stitu en t c o m p a n ie s ow n and o p e r a te th e gas p ro p e r
ties In J a c k s o n , K a la m a z o o , P o n tia c , F lin t, S ag in a w and B a y C ity.
O F F I C E R S .— P res ., A n to n G . Ilo d e n p y l, N . Y .; V .- P . A S e c ., G e o . E .
H a r d y , N . Y .; V .- P ., Claude H a m ilto n , G rand R a p id s; T re a s, A A s s t. S e c .,
J a c o b H ek m a , N . Y .
•
55
(4) C o n s u m e rs ' P o w e r C o .
A ll th e c o m . Is o w n e d b y C o m . P ., R y . A L t . C o.
O R G A N I Z A T I O N .— I n c o r p o r a te d In M aine In 1910. O w ns all the c o m .
s to c k s o f C o m m o n w e a lth P o w e r C o ., G ra n d R a p ld s -M u s k e g o n P o w e r C o .
(o w n in g en tire c o m . a n d m a jo r it y o f p re f. o f G rand R a p id s E d ison C o .),.
F lin t E le c . C o .. S ag in a w P o w . C o ., B a y C ity P o w . C o ., P o n tia c P o w . C o .,
Con sum ers P o w . C o . (M ich .) an d A u S ab le R iv e r p r o p e r ty and rig h ts.
Decision.— F o r d e cisio n o f U . S. C ircuit C ou rt h o ld in g v a lid ce rta in pur
chases b y the S a g in a w P o w e r C o ., see V . 94, p . 1510.
STOCK AND BONDS.
Date.
Interest. Outstanding.
M aturity
C o m m o n $ 1 0 ,0 0 9 ,0 0 0 _________ ______
_______ ___ $ 1 0 ,0 0 0 ,0 0 0 .....................P re f $ 1 0 ,0 0 0 ,0 0 0 ($ 1 0 0 ) 6 % c u m ____
Q -J
5 ,0 0 0 ,0 0 0
S ee t e x t
1st A ref M, $ 3 5 ,0 0 0 ,0 0 0 g o l d / 1911
5 J -J
8 ,5 7 8 ,0 0 0 Jan
11935
( $ 1 , 0 0 0 ) _________________ c * ( I n t . a t H arris T r . A S a v . B k ., C h ica g o,
Itru ste e ,
o r H arris, F o r b e s A C o ., N . Y .
C o m ’ w . P o w . 1st M , $ 4 ,0 0 0 ,- / 1904
5 J -D
1 ,2 5 8 ,0 0 0 D ec
11924
000 g sink fd ( $ 1 ,0 0 0 )___c*1 I n t. a t F irst T r u s t A S a v . B k ., C h ic ., tru stee.
Gr R a p -M u s k P o w
1st M l 1906
5 M -S
8 6 8 ,0 0 0 M ch 1 1931
$ 7 ,5 0 0 ,0 0 0 g o l d ____________ l i n t , at 1st T r .A S .B ., C h ic ., o r l s t N . B . ,N .Y .
G rand R a p E d C o 1st m tg e g j 1902
5 M -N
8 5 1 ,0 0 0 M a y 1 191ft
($ 1 ,0 0 0 ) sin k in g fu n d ___ c * [ l n t . a t A m . T r . A S . B ., C h ic ., tru ste e .
___________
1 0 ,3 0 0 ____________
Gr R p E d Co u n d e rly ’ g b o n d s . ____
Stock.— P r e f. s t o c k Is r e d . o n an d a fte r J a n . 1 1920 a t 105 a n d a c c d . d l v .
Bonds.— O f 1st A re f. b o n d s , $ 2 ,9 9 0 ,0 0 0 are reserved t o retire u n d e rly
in g b o n d s; rem a in d e r are re se rv e d u n d e r ce rta in restrictio n s fo r e x te n s io n s
an d a d d itio n s a t 8 0 % o f c o s t . SubJ. t o call on J a n . 1 1916 or a n y ln t. d a y
th e re a fte r at 105 an d in t . S in k , fu n d o f 1 % o f b o n d s o u t (in cl. p r io r liens)
a n n u a lly begin s J a n . 1 1915.
V . 92, p . 465 , 526 , 1438.
Dividends o n p r e f. h a v e b e e n p a id r e g u la rly sin ce o r g a n iz a tio n .
E A R N I N G S .— F o r 12 m o s . e n d . Ju n e 30 1912, gross, $ 2 ,5 4 2 ,8 8 0 : net,.
$1 ,3 0 7 ,8 4 9 ; fixed ch arges, $68 9 ,1 4 7 ; p re f. d l v ., $24 7 ,5 0 0 ; b a l., $ 37 1,20 2.
P R O P E R T Y .— C o n stitu e n t c o s . o w n an d o p e ra te ele ctric ligh t and p ow er
p ro p e rtie s In G rand R a p id s , K a la m a z o o , J a c k s o n , F lin t, S ag in a w , B a y C ity ,
P o n tia c , B a ttle C reek, M u sk e g o n , L a n sin g , O w o sso a n d a n u m b e r o f Inter
m e d ia te cities a n d t o w n s.
H y d r o -e le c tric p lan ts h a v e a b o u t 50,000 h . p .
an d steam p lan ts a b o u t 4 8 ,0 0 0 h . p . c a p a c it y . T o t a l ge n e ra tin g c a p a c it y
a b o u t 98,000 h . p .
O F F I C E R S .— P r e s ., W . A . F o o t e , J a c k s o n ; V . - P . , E . W . C lark, P h lla .
V .- P . A S e c ., G e o . E . H a r d y , N . Y . ; T r e a s . A A s s t. S e c ., J a c o b H ek m a ,
N . Y ; .A sst. T r e a s ., C. A . P ea rson J r ., P h lla .— V . 90, p . 1680; V . 9 2 ,
p . 61, 465, 526, 1438; V . 94, p. 35 4 , 1510.
(5) C a dillac W a te r & L ig h t C o.
C o m m o n w e a lth P o w e r , L ig h t A R y . ow n s all th e ca p ita l s t o c a .
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich igan In 1905.
STOCK AN D BO N D S.
Date.
Interest. Outstanding.
M aturity.
S t o c k $ 2 0 0,00 0 ($50)
_______ ____
___________
$20 0 ,0 0 0 ....................
First m tg e . $20 0 ,0 0 0 ($500 A / 1905
5 M -S
1 28 ,000 S ep t 1 1925$ 1 ,000) g o l d _____________ c * [ I n t . at M ich . T r u s t C o ., G rd . R a p ., tru stee.
Bonas.— S u b l. t o ca ll at 102. S in k . fd . $ 4 ,0 0 0 p er a n n u m b egan S e p t. J
1906. $4,500 b o n d s are o w n e d b y C o m . P . R y . A L ., $ 1 8 ,0 0 0 are ow n ed
b y c o . an d $28 ,5 0 0 h a v e be e n re tir e d .
P R O P E R T Y .— O w ns e le ctr ic a n d w a te r pla n ts In C a d illa c.
O F F I C E R S .— P r e s ., W . M . E a to n , N . Y . ; V . - P . , W . A . F o o t e . J a c k s o n ;
T re a s. A G en. M g r., G . D . W e s t o v e r , C a d illac; S e c ., W . J . M c C o y , C a d illac;
A s s t. S e c . A A s s t. T r e a s ., S . E . W o lff, N . Y .
GRAND RAPIDS HOLLAND & CHICAGO RAILW AY.
In J a n . 1912 BenJ. S . H a n c h e tt o f G rand R a p id s a cq u ire d c o n tr o l o f r o a d .
O R G A N I Z A T I O N .— In co rp o ra te d in M ichigan In J u ly 1904 an d Is a re
organ ization o n A u g . 1 1904 o f th e G rand R a p id s H ollan d A L a k e M ich igan
R a p id R y . See V . 79. p. 627.
P ow er Is su p p lied to c o m p a n y b y G rand
R a pld s-M u sk egon P o w e r C o ., b u t c o m p a n y m aintain s ow n sta tion In readi
ness to op e ra te In ca-<e o f e m e r g e n c y . Franchises In c it y o f H o lla n d and
village streets e x p ire In 1928 to 1930; rem ain d er o n p riv a te righ ts o f w a y .
STOC K A N D B O N DS—
Date.
Interest. Outstanding. Maturity.
C o m m o n , $50 0 ,0 0 0 .......... ....................................... ..
$50 0,00 0 .......................
P re f, $85 0,00 0, 6 % ............................. ............................
850 ,000 ------------------1st m tg e . G rand R a p id s H o ll 1900
5 g F -A
1,5 0 0 ,0 0 0 A u g 1 1920
A L ake M ich, $ 1 ,5 0 0 ,0 0 0 ,)I n t. at A m erica n T r . A S a v . B a n k . C h ica g o,
gold ($500 and $ 1 ,0 0 0 )____ J T ru stee, o r a t G u a ra n ty T ru s t C o ., N . Y .
Bonds.— A sinking fund Is p r o v id e d o f $5,000 per a n n u m fo r first 5 y e a rs ,
$10 ,000 per ann um for se co n d 5 years, $15 ,000 y e a rly fo r third 5 y e a rs an d
$25 ,000 per an n u m fo r fo u rth 5 years.
B o n d s are n o t s u b je c t t o ca ll.
R O A D .— O perates 75 m iles o f tra ck fro m G rand R a p id s th ro u g h H olla n d
to M acataw a and S a u ga tu ck , w ith steam er c o n n e c tio n at H ollan d fo r C h lo.
O F F I C E R S .— P res. A T re a s ., BenJ. S . H a n c h e tt, G rand R a p id s ; V . - P . .
W . I I . B ea ch , H o lla n d ; S e c. A G en. M gr., C has. A . F lo y d , G rand R a p id s ,
— V . 75. p . 1301; V . 78. p . 702, 768 : V . 79, p . 627.
UNITED LIGHT & RAILWAYS CO.
O R G A N I Z A T I O N .— In co rp o ra te d In M aine In Ju ly 1910, p er plan In
V . 91 p. 96
H as acq u ire d th e fo llo w in g c o m p a n ie s:
G r. R a p . G r. H a v . A M u sk . (M ic h .)
C adillac (M ich.) Gas L igh t C o.
R y . C o.
C edar R a p id s (la .) Gas L t C o.
Cedar R a p id s A M arlon C ity R y . C o. L a P o rte (In d .) E le c tr ic Co.
La P o rte ( I n d . ) Gas L ig h t C o.
C h a tta n o o ga (T en n .) Gas C o.
C itizen s’ R y . A L t. C o. (M u sca tin e, O ttu m w a ( la .) Gas L ., H . A P . C o.
T rl-C Ity R a ilw a y A L ig h t C o.
la .) .
F o rt D o d g e L ig h t A P o w e r C o.
T h e G rand R a p id s G rand H a v e n A M u sk egon R y . w as a cq u ire d In J a n .
1912. V . 94, p. 209. T h e O ttu m w a Gas L t ., l i t . A P o w . C o. an d th e T r lC lty R y . A L ig h t w ere taken o v e r In J u n e 1912.
V . 94, p . 769. T h e
C edar R a pid s A M arion C ity R y . C o. was acq u ire d In J u ly 1912.
D oes entire gas business In D a v e n p o r t, C ed ar R a p id s (s u p p ly in g also
su bu rbs o f M arlon an d K e n w o o d P a rk and in te rv e n in g t e r rito r y ), F t. D o d g e
and M uscatin e, l a .; C a dillac, M ic h .;
L a P o r te , I n d .: R o c k Isla n d ,
M oline anil E a st M oline, 111.; and C h a tta n o o g a , T e n n .; entire e le ctric-lig h t
an d p o w e r business In D a v e n p o r t, F t . D o d g e an d M u scatin e, l a .; R o c k
Isla n d , M oline an d E a st M oline, 111.; an d L a P o rte , I n d .
H as h o t w ater
and steam h eatin g system in D a v e n p o rt, l a ., and L a P o rte , In d . M a jo rity
o f franchises exten d to 1929, 1930 or later and som e are p e rp e tu a l.
C h ild, Ilu ls w it A C o. o f G rand R a p id s , w h o p r o m o te d th e c o m p a n y In
A u g . 1910, offered th e s to c k in b lo ck s o f 10 shares (par $100) 1st p re f. an d
4 shares (par $100) c o m . fo r $ 1 ,0 0 0 . V . 91, p. 519; V . 92, p . 1110.
Interest. Outstanding. Maturity.
STOCK AN D BO N D S—
Date.
$ 5 ,2 8 7 ,5 0 0
C o m m o n $ 12 ,500 ,00 0 ($ 1 0 0 )...............
1st pref $ 12 ,500 ,00 0 ($ 1 0 0 )\
5 .0 0 0 . 000 J u ty ’ 12, 1
Q -J
6 % c u m ........ ..................... ......./ _____
2d p ref $5,0 0 0 ,0 0 0 ($100) 3 % 1
Q -J
3 .0 0 0 . 000 J u ly ’ 12, H
c u m u la tiv e _________________ / ------4 ,3 7 5 ,0 0 0 Ju n e 1 1932
F irst A re f M _gold ($1,000 c * / 1912
5g J -D
A $1,000 A m u lt, r * ) _____ [N e w Y ork" T ru st C o ., N . Y . .tru ste e .
N o te
________________ 1912
5%
7 5 0 ,0 0 0 J ’ne 10 1913
C a dillac Gas Co 1st M $15 0,00 0
1905
5 F -A
8 3 ,0 0 0 F e b 1 1925
C h a tta n o o g a Gas first m t g e f 1907
5 J -J
6 3 0 ,0 0 0 J an 1 1927
$ 1 ,5 0 0 ,0 0 0 g ($ 1 ,0 0 0 )___ c * ( I n t . a t C on . A C o m .T r . A S a v . B k ., C h ica g o,
i T ru stee, o r F irst N a t. B a n k , N ew Y o r k .
C h a tt Gas Co p f s to c k ($ 1 0 0 )________
6 Q uar
500 ,000 -------------------
For securities covering railway properties see separate companies below.
Note.— T h e c o m p a n y has a g re e d to retire on or b e fo re F e b . 1 1913 th e
$26 1,00 0 F t . D o d g e L t . A P . 1st M . b o n d s.
Stock.— 1st pref. s to c k is red. a t 105 an d a c c r . d lv s . 2d p re f. s to c k Is
c o n v . a t o p tio n o f h o ld e r Into 1st p f. o r c o m . stk, share fo r share, (a) $775,000
O ct. 1 1913, (6) $2,2 2 5 ,0 0 0 Jun e 15 1915. C o m . is o n ly s to c k w ith v o t in g
p o w e r. V . 91, p. 96, 519; V . 92. p . 1110; V . 95. p . 421 .
Bonds.— In t. on 1st A r e f. b o n d s Is p a y a b le at o ffic e o f trustee o r C o n t. A
C o m m . T r . A S a v . B k ., C h ica g o . A d d itio n a l b o n d s m a y be Issued fo r re
fu n d in g u n d erlyin g b o n d s an d fo r 7 5 % o f par v a lu e o f p r e f. s to c k o f u n d er
ly in g co m p a n ie s red eem ed o r p u rch a se d , 7 5 % o f c o s t o f b e tte rm en ts ,
Im pts. A aild ’ ns, an d fo r 7 5 % o f c o s t o f a d d itio n a l p r o p e r ty , u n d er certa in
re strictio n s.
R e d . as a w h ole o r In p a rt on a n y in t. d a y at 102
A Int. on
60 d a y s ' n o tice .
B o n d s h a ve a d e p re cia tio n fu n d b egin n in g 1917 o f 2 %
on all b on d s o u t . See d e scrip tio n o f b o n d s In V . 95, p . 4 9 . C h a tt. Gas
C o . b on d s h a ve a sinking fu n d o f $15 ,0 0 0 per ann um fro m 1912 to 1926,
In cl., on 1st $50 0,00 0 b on d s and 2 % a d d itio n a l on a n y fu rth er b o n d s Issued.
S u b je c t to call at 105 A Int. V . 84, p . 805 .
Dividends o f 1 H % and % % , r e s p e c tiv e ly , h a v e been p aid qu a r. o n 1st
and 2d p re f. sin ce Jan . 1911 to and Incl. J u ly 1912. A s to s to c k d lv . om
c o m m o n , see V . 94, p . 1250.
Lombard Si.
■ ® o a c
Nfo?&ant StT
CAMPBELL';
ISLAND k
Locus!
(/Wei-ttwy o
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T R I -C I T Y
R A IL W A Y
C O M P A N Y
D A V E N P O R T , l a ., R O C K I S L A N D
a n d . M O L I N E , 111.
.S E A R T O W N
a n d V ic in ity
D a v e n p o r t, I o w a , J a n u a r y , 1 9 1 1 .
VANDRUFF’ S
W ISLAND A
TrCCity Railway Company Tracks
M IL A N
Lines to be Built in I91M9I2.____
[V o l . l x x x x v .
V
Sept., 1912.J
E L E C T R IC R A IL W A Y S
E A R N I N G S .— F o r 12 m o s . e n d . A p ril 30 1912 (co m b in e d p ro p e rtie s ),
gross, $ 4 ,4 2 4 ,6 5 3 ; n et a fte r ta xes an d in su r., $ 1 ,8 0 0 ,3 0 0 ; ln t ., $ 1 ,1 5 2 ,6 0 0 ;
b a l., $64 7 ,7 0 9 .
O P E R A T I O N S .— F o r o p e ra tio n s o f the ra ilw a y c o m p a n ie s see separate
com p a n ies b e lo w .
R em a rk s a b o v e show c o m p a n y ’s c o n tr o l o f lig h tin g
business in va riou s c ities .
O F F I C E R S .— P res ., F ran k T . H u lsw it, G rand R a p id s ; V .- P s ., R ich a rd
S ch a d d elce, G rand R a p id s; J . F . P orter, D a v e n p o r t, Io w a , Claude H am il
to n , G rand R a p id s ; S ec. & T r c a s ., BenJ. C. R o b in s o n , G rand R a p id
A s s t. S e c ’s. & T r e a s ’s ., L . II. H ein k c and C. M . I lu r d , b o th o f G r. R a p id s .
M ain o ffic e , C h icago; op e ra tin g h eaquarters, G rand R a p id s .
O peratin g
h ead qu arters fo r Io w a d is trict, D a v e n p o rt, Io w a .— V . 91, p . 96, 519; V . 92,
p . 882 , 1110; V . 94, p . 69, 209, 769, 1250, 1385, 1628; V . 95, p . 49, 421 .
(1) The Tri-City Railway & Light Co.— {See Map, paoe 56).
57
E A R N I N G S .— O f co m b in e d p ro p e rtie s fo r y e a r e n d . A p ril 30 1912,
gross, $45 4 ,9 2 7 ; n e t, a fte r ta x e s, $ 13 9,78 2; in t., $ 82 ,850 ; b a l., $ 5 6 ,9 3 2 .
R O A D .— O w ns an d op e ra te s all lines In the C ity o f G reen B a y ; also a line
fro m G reen B a y t o D e P ere C ity, an d bra n ch to D u ck Creek and a line fro m
G reen B a y t o W est D e Pere, L ittle R a p id s , W rlg h ts to w n and K au k au n a;
to ta l, 41 .8 7 m iles o f tr a c k . 45 an d 7 8 -lb . rail; 30 m o to r cars; 12 trailers.
O F F I C E R S .— P r e s ., C lem en t C. S m ith ; V .- P . , O liver C. F u ller; S e c . &
T re a s ., H o w a r d G reen e; A s s t. S e c . & A s s t. T r e a s ., G eorge A llis o n , all of
M ilw au k ee.— V . 9 4 , p . 632, 1697.
GREENFIELD, MASS.
MASSACHUSETTS NORTHERN RAILWAYS.
O R G A N I Z A T I O N .— O rga n ized In B o s to n o n N o v . 16 1911. Is a v olu n
In Jun e 1912 c o n tr o l w as a cqu ired b y the U n ited l t y s . & L ig h t C o.
ta ry a s s o cia tio n m an aged b y a b o a rd o f seven trustees.
V . 93, p . 1462
T ri-C ity R y . & L t. c o m . s to ck h o ld e rs received in e x ch a n g e fo r their shares 1599, 1787. C o n tro ls th ro u gh s to c k ow n ersh ip th e fo llo w in g co m p a n ie s :
$31 ,16 2-3 cash, $16,66 2-3 U nited R y s . 6 % 1st p r e f. and $12.50 2n d A th o l & O ra n ge S treet R y .
M illers R iv e r S treet R y . (p r o p o s e d ).
C o n co rd M ayn ard & H u d son S t. R y .
p ref. 3 % s to c k .
V . 94, p . 768.
T e m p le to n S treet R y .
O R G A N I Z A T I O N .— I n c o r p o r a te d In C o n n e cticu t M arch 3 1906 and
C o n n e cticu t V a lley S treet R y .
T e m p le to n S treet R y .
c o n tr o ls th rou gh s to c k o w n ersh ip the fo llo w in g c o m p a n ie s:
G ardner W e stm in . & F it c h b . S t. R y .
U nited L ig h t & P o w e r C o.
T ri-C ity R a ilw a y C o.
'I'hc system co m p rise s 114 m iles o f r o a d , s ervin g 20 citie s an d to w n s In
M oline R o c k Island & E a s t. T r . C o.
P e o p le ’s L ig h t C o.
C entral an d N o rth e rn M assach u setts.
B o th passenger a n d e xp ress service
M oline E . M olin e & VVatert. R y . C o.
D a v e n p o r t Gas & E le c. C o.
are p r o v id e d .
R ig h ts o f w a y are be in g secu red o n th e p r o p o s e d line from
O range to Alillers F a ils.
P e o p le ’s P ow er C o.
D a v e n p o rt & M u scatin e R y . C o.
M olin e R o c k Isla n d M fg . C o.
Shares—
Outstanding. Last Div.
C on trols all gas pla n ts, ele ctric ligh tin g co m p a n ie s an d street railw ay C o m m o n $ 1 ,6 4 0 ,3 0 0 ($ 1 0 0 ).......... .................................... $ 1 ,5 1 9 ,9 0 0 .......................
5 8 ,4 0 0
.
lines In the c o n tig u o u s cities o f D a v e n p o r t, Iow a , R o c k Isla n d , M oline and C on v ertib le c o m ., $ 6 0 ,6 0 0 (5 1 0 0 )_______
E a st M olin e, 111. P o p u la tio n s erved , a p p ro x im a te ly 1 00 ,000 . R a ilw a y P re f $ 1 ,1 0 0 ,0 0 0 ($100) cu m (see te x t) Q -F _ _ .............
601 ,400 A u g ’ 1 2 , l } £
franchises e x te n d t o 1930 an d 1935; e lectric franchises until 1935 and 1943,
S T O C K .— A d d itio n a l p re f. shares o n ly to be Issued w hen n e t earn s, for
an d gas fra n ch ises to 1929 an d 1935.
12 m o s . e n d in g n o t m o re th an 180 d a y s p rior t o d a te o f issue shall h a v e been
STOCK AN D BO N DS—
Dale.
Interest. Outstanding. Maturity. 1 Vi tim es a m o u n t n ecessary t o p a y d iv . o n shares o u t a n d a p p lie d fo r .
a _________ ____________
C o n v . c o m . shares m a y be e x c h a n g e d fo r a n e qu a l a m o u n t o f p re f. w hen
C om m on $ 9 ,0 0 0 ,0 0 0 ($ 1 0 0 )___ - .................................
P re f $ 3 ,0 0 0 ,0 0 0 6 % c u in ($ 1 0 0 ) ___
6 Q -J
3 ,0 0 0 ,0 0 0 O c t . '12, 1 'A net earnings fo r 12 m o s . e n d in g n o t m o re th a n 180 d a y s p rio r to d a te o f
C oll tru st first lien m ortg a g e ] 1906 5 g A -O
8 ,1 8 9 ,0 0 0 A p r 1 1923
a p p lic a tio n fo r c o n v e r s io n shall h a v e been 1 A tim es a m o u n t necessary to
$ 9 ,0 0 0 ,0 0 0 s f g o ld _ _ c & r )
ln t. at
N . Y . T ru st C o ., N . Y ., T ru stee
p a y d iv s . on p re f. o u t an d th a t to be Issued In e x c h a n g e fo r c o n v . c o m . A s
1st & ref m tg c $ 2 0 ,0 0 0 ,0 0 0 ) 1910 5 g J -J
3 ,2 0 6 ,0 0 0 J u ly 1 1930 to d l v s .,c o n v . c o m . Is treated as c o m m o n s t o c k .
g o ld ($ 1 ,0 0 0 )________ c* & r* /In te r e s t at C entral T ru s t C o ., N . Y ., T ru stee.
D iv s . o n p re f. are 5 % to N o v . 1 1914, in c l.; 5 A % to N o v . 1 1917, Inch,
T r i-C ity R a i l w a y .. ..................................
5
54,000 S e p t 1 1922
an d 6 % th e re a fte r. In case o f liq u id a tio n p r e f. is en title d to $110 per share
Stock.— P ref. s to c k Is red eem able at 120. See V . 82, p. 1213. L isted up to N o v . I 1914, $115 to N o v . 1 1917 an d $120 th e re a fte r. V . 93, p . 1599.
on M ontreal a n d T o r o n t o S to c k E x ch a n g e s.
Dividends.— O n p r e f., 1 \i% q u a r. fro m F e b . 1912 to an d in cl. A u g . 1912.
Bonds.— O f the $ 9 ,0 0 0 ,0 0 0 c o ll, trust b o n d s. $25 0,00 0 h a v e been retired
E A R N I N G S .— O f 5 s u b -c o s . fo r y e a r e n d . Ju n e 30 1912, gross, $ 47 4,
b y sin k . fd . SubJ. to call o n a n y ln t. d ate at 105 and ln t. A sink, fund pro 227; net, a p p lic a b le to M ass. N o r. p r e f., $6 1 ,7 0 9 .
vides fo r the red em p tion o f $ 2 ,2 5 0 ,0 0 0 bon d s b y m a tu r ity .
C o u p o n bon d s
O F F I C E R S .— S e c. & T r e a s ., D . P . A b e rc r o m b ie J r ., G reen field , M a s s .—
are in d en om in a tion o f $1,000 an d registered b o n d s In $ 1 ,0 0 0 , $5,000 or V . 93, p. 1462, 1599, 1787; V . 94, p . 351 .
$10 ,0 0 0 . T h e y are listed o n N . Y . S to c k E x c h . O f th e 1st & ref. bon d s,
(1) C o n n e cticu t V a lley Street R y .— T r o lle y .
$ 9 ,2 6 0 ,0 0 0 are reserved fo r prior liens, and $ 7 ,5 3 4 ,0 0 0 fo r 8 5 % o f c o s t o f
O R G A N I Z A T I O N .— In c o r p o r a te d In 1899. C o m m e n c e d J a n . 22 1900.
a d d itio n s and im p ro v e m e n ts . S u b je c t t o call a t 105 and ln t. o n an y
Is a c o n s o lid a tio n on A p ril 1 1905 o f th e N o rth a m p to n & A m h e rs t S treet
ln t. d a te o n 90 d a y s ’ n o tice . S in k in g fu n d o f \'A% o f b o n d s o u t begins
R y ., the G reen field & T u rn e r’ s Falls S treet R y . an d th e G reen field D eerfield
F e b . 1 1924.
V. 93, p . 1465.
Dividends.— F irst d iv . o n p re f., \'A%, p aid J u ly 1906, and 1 H % QUar. & N o rth a m p to n Street R y ., as p er p lan In V . 8 0 , p . 1111.
sin ce to an d Inclu din g O c t . 1912.
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
$50 0 ,0 0 0 A u g .'1 2 . A %
E A R N I N G S .— F o r 12 m o s . e n d . D e c. 31.
R e p o rt fo r 1911, V .9 4 ,p . 1444. S to c k , c o in ., $50 0,00 0 ($ 1 0 0 )....................................... ..
P r e f.,$ 1 2 0 ,0 0 0 (6 % c u m .) ( 5 1 0 0 ) ____
AI-S
1 2 0 .0 0 0 S e p t ’ 1 2 , 3 %
Year—
Dross. Net aft.Taxes. FitedChgs. Sink.Fd. Dividends. Surplus.
C o n n e cticu t V a lle y St R y first I 1900 5 g M -S
120,000 S e p t 1 1 9 2 0
191 1____ $ 2 ,707,472 $ 1 ,1 5 5 ,9 6 2
$527,889 $50 ,0 0 0
$169,572 $408,501
m o rtg a g e , gold ($ 1 ,0 0 0 )- c * l In t. a t O ld C o lo n y T ru st C o ., B o s to n . T ru st.
191 0------- 2 ,5 1 3 ,4 8 7
1 ,031,519
481 ,408
50,000
169,572 330,539
N o rth a m p to n & A m h erst first] 1900
5 g M -S
180,000 S e p t. 1 1920
In 1911, $10 0,00 0 w as set aside fro m a b o v e surplus fo r renew als.
m tg e , $180,000 g ( $ 1 ,0 0 0 ) c ) l n t . a t O ld C o lo n y T ru st C o ., B o s to n , T ru st.
R O A D .— O perates o v e r 123 m iles o f s ta n d a rd -ga u ge tra ck , c o n n e c tin g the G reenfield D eerfield & N o rth ) 1903 5 g J-J
150,000 J u ly 1 1923
cities o f D a v e n p o rt, l a ., a n d R o c k Isla n d, M oline and E a st M oline, 111.;
first m o rtg a g e , $ 1 5 0 ,0 0 0 n ln t . at M ercantile T ru st C o ., B o s to n , T r u s .,
in clu d in g an exten sion to M uscatin e, p la ced In o p e r a tio n in 1912. 8 0 -lb .
gold ($1,000 and $ 5 0 0 ). _c*J
N o sinking fu n d an d b o n d s c a n n o t b e ca lled
girder an d 60 to 75 lb . T rail.
G reenfield & T u rn e r ’s F a lls/ 1896 5 g J -D
70,000 Ju n e 1 1916
O F F I C E R S .— P res., J . F . P orter, D a v e n p o rt; V .- P ., R ic h a r d S c h a d d c first m tg e , g , sin k in g fu n d .(I n t e r e s t a t B e a co n T ru st C o .,
B o s to n .
lec. G rand R a p id s; V .- P ., II. R . 'P obey, N . Y .: S e e ., M. K . P a rk er; T re a s .,
G reen & T u rn Falls co n s m tg e ] 1903 5 k J -D
60,000 Ju n e 1 1923
T . W . M o lla t.— 'V . 89, p . 780, 910 ; V . 90, p. 1041; V . 9 1, p, 338 , 590, 1448;
$130,000 g ($ 5 0 0 .$ 1,0 0 0 ) ,c * l In terest a t B e a co n T ru st C o ., B o s to n . T ru st.
Bonds.— G reenfield & T u rn e r’s F alls first m o rtg a g e (o rig in a lly $10 0,00 0)
V . 92, p. 882, 9 5 2 ’. V . 93, p . 1465; V . 94, p. 280, 488 , 768, 1384, 1444.
p ro v id e s fo r the p a y m e n t o f $2,000 an n u ally fro m 1897 to 1915, In clu siv e, at
(2) Grand Rapids Grand Haven & Muskegon Ry.— E le c tr ic r o a d .
a pre m iu m . S u fficie n t o f the co n so ls Is reserved t o retire th e first m o r t
T h ird -ra il s y s te m . W a ter p o w e r.
gage b o n d s a t m a tu rity . T h e N o rth a m p to n & A m h erst b o n d s are s u o je c t
O R G A N I Z A T I O N .— In c o r p o r a te d In M ich igan o n M arch 6 1899. O w ns t o call a t 105 o n 4 w eeks’ n o tice , as are the b o n d s o f th e C o n n e cticu t V alley
an d op era tes an e lectric ro a d o n fe n ce d rig h t o f w a y . co n n e c tin g the three Street R y . T h e $12 0,00 0 C o n n e cticu t V a lle y b o n d s w ere Issued u n d er the
cities n am ed In the title, a d ista n ce o f 39 m iles. 'I’ h lr ty -y c a r fra n ch ises in first m o rtg a ge o f th e N o rth a m p to n & A m h e rst Street R y ., w h ich w as o r ig i
all tow n s throu gh w hich It passes; otherw ise p riv a te rig h t o f w ay.
n ally draw n fo r $ 30 0,00 0.
STOCK A N D BO N D S—
Date.
Interest. Outstanding.
Maturity.
Dividends.— O n pref. 3 % sem l-an n . sin ce S e p t. 1910 t o an d in c l. S e p t.
1912. O n c o m m o n In 1912, F e b ., 1 % ; A u g ., A?o.
S to c k . $1,200,000 ( $ 1 0 0 ) .............................................
$ 1 ,2 0 0 ,0 0 0 .......................
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1912, gross, $21 4 ,7 5 6 ; n e t, after
1st m tge, $ 1 ,500,000 ($1,000)1 1901
5 g J-J
1 ,500,000 J u ly 1 1926
ta x e s, $6 0 ,1 1 2 .
In 1911, gross, $ 20 8,27 3; n e t, a fte r ta x e s , $59 ,4 2 3 .
gold __________________ . .c * J I n t . at S tand ard T r u s t C o ., N . Y . , T ru s te e .
R O A D .— O w n s and op e ra te s 4 7.054 m iles o f tra ck b e tw e e n M iller’s F alls,
Bonds.— T h e Interest on o u ts ta n d in g b o n d s w as g u a ra n te e d fo r 5 ye a rs
T u rn e r ’s Falls, G reen field , N o rth a m p to n and A m h erst. 41 passen ger cars,
b y the S ecu rity In v estm e n t C o. o f P itts b u rg h . S ee V . 76, p . 479.
E A R N I N G S .— F o r 12 m o s . e n d in g D e c. 31 1911, gross, $ 3 1 7 ,8 6 4 .
In 2 s n o w -p lo w s , 5 o th e r cars and 134 e le ctric m o to rs .
O F F I C E R S .— P re s ., F . E . P ierce; S e c. & T r e a s ., D . P . A b e r c r o m b ie J r .;
1910, gross, $29 4 ,3 1 1 ; n e t, $10 9 ,5 4 1 .
S u p t., J . A . T a g g a r t .— V . 89, p . 918; V . 9 0 , p . 1554; V . 91, p . 3 8 , 716;
R O A D .— E x ten ds from G rand R a p id s In a n o rth w e ste rly d ir e ctio n to
V ..9 3 , p . 1461; V . 95, p . 297.
M uskegon, w ith a branch t o S p rin g Lake an d G rand H a v e n . C o n n e cts at
(2) G ardner W e s tm in s te r & F itc h b u r g Street R y .— In D e c. 1899 a b
G ra n d H aven w ith G o o d rich L in e >f steam ers fo r C h ica g o an d C ro sb y l.lni
o f steam ers fo r M ilw au k ee, w hich are in o p e r a tio n all the year r o u n d . T o ta l s o rb e d the G ardn er E le c tr ic S treet R y .
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
tra ck , 48.13 m iles; 7 0 -lb . & 9 0 -lb . T rail. O perates 21 passenger, 12 express
- .............
$ 1 8 5,00 0 See earnings
an d 0 w ork cars. A lso d oes a fre ig h t, m all an d A m e rica n express business. S to c k $ 1 8 5,00 0 ($ 1 0 0 )............... ............
F irst m o rtg a g e ($1,000) g o ld ) 1900
5 F -A
185,000
1920
— V . 94, p . 207.
c * __________________________ / I n t . at M ercantile T ru s t C o ., B o s to n , T ru stee
(3) Muscatine Light & Traction Co.— A tro lle y r o a d .
R O A D .— O w ns 12 m iles o f m ain track fro m G ard n er, th rou gh South
O R G A N I Z A T I O N .— In c o r p o r a te d in N ew Jersey o n A u g .. 30 1906, and
G ardner and W estm in ster to F itc h b u r g , w here c o n n e c tio n Is m ad e w ith the
c o n tr o ls the C itizen s’ R y . & L ig h t C o . (in co rp o ra te d A p ril 1902), w hich
F itch b u rg & L eom in ster Street R y .; also co n s tr u c te d a branch line to
d oes en tire gas, e le ctric-lig h t an d po w e r and street railw ay business o f the W a ch u se tt L a k e , w hich w as o p e n e d fo r tr a ffic on M ay 26 1900, b u t Is
c it y .
V . 83, p . 1171. Franchises run u n til 1929. T h ere are $318,000
o p e ra te d as a su m m er bran ch o n ly .
In S e p t. 1908 w as a u th o rize d to carry
C itizen s’ R y . & L ig h t 1st 5s ou tsta n d in g in han ds o f p u b lic .
freigh t an d b a g g a g e . T o t a l, 16 m iles.
26 cars.
R O A D .— O perates 12 m iles o f tra ck . 48 & 7 0 -lb . '1' rail. .Standard gauge
E A R N I N G S .— -For ye a r e n d in g Jun e 30 1912, gross, $7 7 ,2 0 4 ; n e t, after
36 cars, 26 m o to r an d 10 trail. O w ns 25 m iles o f gas m ains an d 25 m iles ta x e s, $ 2 3 ,0 9 6 .
V . 69, p . 1247.
o f e le ctric-lig h t lines.
(3) C o n co rd M ayn ard & H u d son Street R y .— A tr o lle y r o a d .
(4) Cedar Rapids & Marion City Ry.
O R G A N I Z A T I O N .— O rga n ized in M assachusetts M arch 27 1901. A c
O R G A N I Z A T I O N .— Franchise expires In 1941.
qu ire d C on co rd & C linton S t. R y . F e b . 1 1902. O n A u g . 25 1911 a cqu ired
L ow ell A c t o n & M ayn ard S t. R y . V . 93, p . 1786. Franchises p e rp e tu a l.
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
STOCK AN D BON DS—
Date.
Interest. Outstanding.
Maturity.
S to c k $550,000 ($ 1 0 0 ).......... .............................................
$49 0,50 0 ------------------S to c k , $23 5,00 0 ( $ 1 0 0 ) _______ ______
___________
$23 5,00 0 See earnings
F irst m tge $25 0,00 0 ($ 1 .0 0 0 )c f 1891
5 J -J
46,000 J u ly 1 1 9 3 1
1st m o rtg a g e , $ 25 0,00 0, g o k ll 1902
5 g J-J
2 30 ,000 J u ly
1922
l i n t , a t A m c r . T r . C o ., B o s to n , T ru ste e .
($1,000) -----------------------c& r ) In terest a t A m e rica n T ru s t C o ., B o s ., T ru s.
E A R N I N G S .—-F or 12 m o s . e n d . June 30 1912, gross, $26 1 ,4 2 2 ; n et,
“ C urrent lia b ilitie s” S e p t. 1 1912_________________
2 7 ,900 ___________
$ 7 7 ,7 6 4 .
R O A D .— O w ns 19 m iles o f track be tw e e n C o n c o r d , M a y n a rd , A c t o n ,
R O A D .— O w ns roa d In o p e ra tio n 17.45 m iles In len gth , e x te n d in g from
C edar R a p id s , Io w a , to M arion ; se c o n d tra ck , 2 .2 8 ; sidin gs, 3 .1 7 ; to ta l o f S to w and H u d s o n . A t C o n co rd co n n e c ts w ith L e x . & B o s . an d a t H u d son
w ith W o r c e ste r C o n so l, an d Dos.J& W o rce ste r.
all, 22.90 m iles. R a lls , 45, 60 an d 8 0 -lb . T .
E A R N I N G S .— F o r y e a r e n d . Ju n e 30 1912, gross, $ 71 ,376 ; n e t, $27 ,608 ;
fixed ch arges, $1 5 ,9 6 5 ; d iv s . ( 4 % ) , 5 9 ,0 5 0 ; su rplu s, $ 2 ,5 9 3 .— V .9 3 .p . 1786.
GREEN BAY, WIS.
(4) A th ol & O ra n ge Street R y .
O R G A N I Z A T I O N .— I n c o r p . In M ass, o n J u ly 1 1894. S to c k a u th . an d
WISCONSIN SECURITIES CO.— A h old in g c o m p a n y .
o u t , $ 7 4 ,5 0 0 .
First m tg e . $ 6 0 ,0 0 0 , a u th . a n d Issued.
D ate 1905: due
O R G A N I Z A T I O N .— In c o r p . In W iscon sin o n D e c. 12 1911 an d Is a Ja
n . 1 1915; Interest 5 % J -J . F o r year e n d . Ju n e 30 1912, gross, $54,653;
p u rely fin a n cin g c o m p a n y .
(V . 94, p .6 3 2 ) .
S to c k a u th . a n d o u t , $ 1 ,0 0 0 ,0 0 0 .
H as acqu ired c o n tr o l o f W isco n sin n et a fter ta x e s, $14 ,5 1 5 . O perates 6.864 m iles o f track
(5) T e m p le to n Street R y .
P u b . S ervice C o. and ow ns $80 0,00 0 bond s o f th at c o m p a n y p laced lnlcscrow .
O R G A N I Z A T I O N .— C h artered in M ass. S to c k a u th . a n d Issued, $75 ,
O F F I C E R S .— P re s t., C lem en t C. S m ith ; V .-P s ., O liver C . Fu ller and
00 0 . M ass. N o rth e rn R y s . ow n s o u ts ta n d in g m tges o f T e m p le to n S t. R y .
W in . B igelow ; S ee. & T rea s ., H ow a rd G reen e.— V . 94, p . 632
C o . a g g re g a tin g $15 5 ,0 0 0 , an d all o f Its o th e r d e b t , be in g su b sta n tia lly
(1) Wisconsin Public Service Co.
$20 0 ,0 0 0 , th e m tg e s. an d all o f this o th e r d e b t be in g s u b je c t to a cla im b y
O R G A N I Z A T I O N .— I n c o r p . in W iscon sin In Ja n . 1912 as re o rg a n iza tio n
prior ow ners o f $15 0 ,0 0 0 , m a tu rin g In 1914, w h ich Is b e in g ca rrie d a t 4 %
and m erger o f the G reen B a y T r a c t . C o. an d N orth ern H y d r o -E le c . C o.
O w ns an d op erates en tire c it y a n d Interurban railw ay system (e x c e p t a b o u t in t. F o r year e n d . Jun e 30 1912, gross, $ 56 ,277 ; n e t, a fte r ta x e s , $13 ,2 4 1 .
1 m ile o f track) cen terin g a t G reen B a y , and furnishes gas, e le ctric ligh t am i O perates 17.873 m iles o f tra ck ; also an e x te n sio n o f 7 m iles fro m B a ld w in p ow er to G reen B a y an d su b u rb s . O wns all the s to c k and $150,000 o f the vllle t o W in c h e n d o n .
b on d s o f the G reen B a y Gas & E le c. C o. T h e la tter c o m p a n y w ill be o p
(6) M illers R iv e r Street R y .
R ig h ts o f w a y are be in g secu red on this c o m p a n y ’s p r o p o s e d lin e be tw een
erated s ep a ra tely . Sec V . 82, p . 573, 631, and V . 86, p. 172, fo r particu lars
o f th at c o m p a n y . S treet ra ilw a y franchise Is perpetu al an d e x c lu s iv e until M illers F alls an d O r a n g e . _________________________
1918.
GREENSBORO. N. 0.
S T O C K S A N D B O N D S .—
Date.
Interest. Outstanding. Maturity.
C o m m o n , $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) .. ____
_________ $ 1 ,0 0 0 ,0 0 0
_______ _
NORTH C A R O L IN A P U B L IC S E R V IC E CO .
P r e f., $60 0,00 0 6 % cu m ($100) ____
___________
600 ,000 N o d iv . y e t
O R G A N I Z A T I O N .— C hartered in N orth C a rolin a In 1909. P u rch a sed
1st m tge & ref 515 ,000 ,00 0,1 1912
5 g J -J
1,150,000 Jan
1 1942 the G reen sb oro E lec. C o ., G reen sb oro Gas C o . an d H igh P o in t E le c . P o w .C o .
g old ($1,000) —
. — - C * ]I n t . a t W isco n sin T r , C o ., M ilw aukee, trustee In 1911 a cq u ire d m a jo rity o f th e s to c k o f S alisb u ry & S p e n ce r R y . C o .,
G reen B a y G & E 1st & ref M ,\ 1905
5 g M -N
507,000 M ay 1 1935
w hich c o m p a n y it also leases fo r 50 yea rs. V . 9 3 , p . 1324. D o cs en tire gas,
$ 75 0,00 0, g, ($1,000) - , c * / I n t . a t W isco n sin T r . C o ., M ilw au k ee trustee e le ctr ic -lig h t an d p o w e r and street ra ilw a y business o f G re e n sb o ro (an d Its
Bonds.— W ise . P u b . S c r v . b o n d s are subJ. to call on a n y ln t. d a y a t 105 su bu rbs o f P r o x im ity , R e v o lu tio n , W h ite O ak a n d P o m o n a ), S a lisb u ry ,
and in t. $ 1 ,1 0 0 ,0 0 0 b on d s are held in e scro w (o f w hich $800,000 are ow n e d S p en cer an d E a st S p en cer, en tire street railw ay an d e le ctric business o f H igh
b y W ise. S ecu r. C o.) to be Issued under ce rta in r e s trictio n s . R e m a in in g P o in t and m u n icipa l street ligh tin g and stre e t ra ilw a y business o f C o n co r d .
b on d s are for a cq u is ition an d to retire u n d e rly in g b o n d s u n d er certa in re P ow er Is p u rchased fro m S ou th ern P ow er C o .
In 1910 franchises h ad the
s trictio n s . See V . 94, p . 1697. T h e G reen B a y Gas & E l. b o n d s are subJ. fo llo w in g n u m ber o f years to run: G re e n sb o ro , 28 y r s ., H igh P o in t, 59 y r s .,
t o call at 105 until 1924; thereafter at p ar; $10 ,000 h a v e been p a id and
S alisbu ry an d S p en cer, 51 yrs, W in sto n -S a le m , 58 years; also has a 30-ycar
ca n celed
franchise In G u ilford C o u n ty and to w n sh ip .
[Vol.
ELECTRIC RAILWAYS
58
STOCK A N D BO N D S—
Date.
Interest. Outstanding. Maturity.
S to c k $ 3 ,5 0 0 ,0 0 0 i $ 1 0 0 ).................................. ..............
$3,5 0 0 ,0 0 0 ----------- . . .
F irst & ret. m tg e . $3,500.000 1 1909
5 A -O
1 ,234,900 A p r 1 1934
($100, S500 an d $ 1,000) . . o j l n t , a t G uardian T ru s t C o ., N . Y . , trustee.
G reen sb El C o g o ld m tges (21
5%
210 ,000 _ .....................
Issues) ($500 A $ l , 0 0 0 ) - - c j ------S allsb A S p en R y 1st M g f 1905
5 g M -N
516 ,000 M a y 1 1945
$ 1 ,0 0 0 ,0 0 0 ( $ 1 , 0 0 0 ) ____ c " ( I n t . a t M ich . T ru s t C o ., G rand R a p id s ,
l trustee, o r W . N . C oler A C o ., N . Y .
Bonds.— O t th e 1st A r e f. m tg e ., $210,000 are reserved to retire like
a m o u n t o f m ortg a g e b on d s o f G reen sb oro E le c. C o ., $462,100 are h eld in
trea su ry a n d $ 1 ,5 9 3 ,0 0 0 are reserved fo r fu tu re im p ro v e m e n ts an d a c
q u is ition s u n d er p rop er lim ita tio n s . V . 88, p . 1128; V . 94, p . 699.
S u b je c t to call on a n y Interest d a te a t 105 and in terest. S in k in g fu n d
o f 1 % per ann um o f gross in co m e J u ly 1915 to 1920; 1J^ % J u ly 1920-1925
a n d 2 % 1925 to m a tu rity .
O f rem ain in g S allsb. A S p e n . R y . b o n d s $29 ,000
are in treas. an d $45 5,00 0 are reserved fo r fu tu re exte n sio n s an d im p ro v e
m en ts.
R ed eem a b le a t 105 an d Interest.
E A R N I N G S .— F or y ea r e n d . Jun e 30 1912, gross, $ 37 2,03 0; n e t a fte r
ta x e s , $130,019; Interest, $71 ,9 8 9 ; su rplu s, $5 8 ,0 3 0 .
R O A D .— O w ns 28.04 m iles o f tra ck . 60 and 7 0 -lb . T and 9 0 -lb . girder
rails. Stan d ard ga u g e. 38 ca rs. E x te n sio n to H igh P o in t an d an inter
u rb a n line b etw een G reen sb oro and W in sto n -S a le m are p r o p o s e d . O w n s
L in d le y P ark a t G reen sb o ro . E le c tr ic p lan ts c a p a c ity 2,8 0 0 h . p . 141.7
m iles transm ission lin es.
Gas p lan ts c a p a c it y 3 6 0 ,0 0 0 c u . f t ., 35 .5 8 m iles
o f m ain s.
„ „
O F F I C E R S .— P res., B . S . C oler; V .- P ., & G en. M g r., J . P . C larke; V .- P .,
Z. V . T a y lo r ; S ec. & T r e a s ., L . H . H o le .— V . 88, p . 1128; V . 91, p . 1512;
V . 93, p . 1324; V . 9 4 , p . 699; V . 9 5 , p . 36 1 .
............................................
G R E E N V IL L E , S. 0 .
G R E E N V I L L E T R A C T IO N CO .— A tr o lle y r o a d .
In S ep t. 1910 S ou th ern P o w e r C o . pu rch a se d c o n tr o l.
O R G A N I Z A T I O N .— In c o r p o r a te d In S o u th C a rolin a on S e p t. 7 1899.
P ow er Is su pplied to this c o m p a n y b y the G reenvllle-C arotlna P o w e r C o.
f o r particu lars o f w h ich see V . 8 5 , p . 224 . O perates 15 m iles o f tra ck .
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
s t o c k . $500,000 ($ 1 0 0 )....................- ............................
$306,000 .......................
F irst m tge $ 2 5 0,00 0 c u r r e n c y ! 1901
5 F -A
250,000 F e b 1 1931
($ 1 ,0 0 0 an d $ 5 0 0 )..........._ c * J In te re s t at G irard T ru st C o ., P h lla ., T ru stee.
O F F I C E R S .— P re s ., Z . V . T a y lo r ; V . - P . , W . S . L e e ; S e c ., N . A . C o c k e :
T r e a s ., E . T h o m a s o n .— V . 91, p . 1511.
G R E E N V IL L E S P A R T A N B U R G & A N D E R S O N R Y .— A tro lle y r o a d .
Is co n tr o lle d b y S ou th ern P o w e r C o . Interests. I t Is p ro p o se d u p o n c o m
p letion o f this c o m p a n y ’s line a n d th e line o f th e P ie d m o n t (N . C.) T r a c . C o .
t o m erge th e t w o c o m p a n ie s in to o n e c o m p a n y t o be kn ow n as th e P ie d
m o n t A N orth ern R y . C o .
O R G A N I Z A T I O N .— I n c o r p . in S o u th C a rolin a an d a cq u ire d th e A n d e r
son T r a c tio n C o ., sold a t re c e iv e r ’s sale O c t . 12 1909. S to c k a u t h ., $ 4 ,
0 0 0 ,0 0 0 .
R O A D .— Is c o n s tr u c tin g a line be tw e e n G re e n w o o d an d S p a rta n b u rg ,
to u c h in g B elton , P elzer an d G reen ville.
H as In o p e ra tio n 10-m ile exte n sio n
b etw een B elton an d A n d e r s o n . A ls o op e ra te s 8 m iles o f tra ck In and
a ro u n d A n d ers on .
O F F I C E R S .— P re s ., J . B . D u k e , N . Y . ; V .- P ., W . S . L e e , C h a rlo tte ,
N . C .: T r e a s ., E . T h o m a s o n , C h a rlo tte , N . C .
V . 8 9 , p . 1346; V A 9 2 ,
p . 1499.
________ . ______________
•
G ULFPORT, M ISS.
G U L F P O R T & /M IS S IS S IP P I C O A S T T R A C T IO N CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In M ississippi in 1905. P u rch a sed
the B ilox i E lectric R y . A P o w e r C o. and th e G u lfp o r t D e v e lo p m e n t Co.
In 1907 Increased a u th . s t o c k fro m $ 1 ,0 0 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 .
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
Maturity.
S t o c k , $2,0 0 0 ,0 0 0 ($ 1 0 0 )....................................................$ 1,000,000
.......................
1 s t m o r t., $ 1 ,0 0 0 ,0 0 0 , g o ld ,)
1905
6 g A -O
1 ,000,000 S e p t. 30 ’ 35
( $ 1 ,0 0 0 ) ____________________ J ln t . a t H ib ern ia B k . & T r . C o ., N . O rl., T ru s.
S econ d
m o rtg a g e
g o ld !
1907
6 g J-J
6 6 2 ,0 0 0 J u ly 1 1932
( $ 1 , 0 0 0 ) ___________________c )H ib e r n ia B a n k & T ru st C o ., T ru stee.
Bill. E l. R y A P . 1st m t g e .. gl
1903
6 g J-J
200 ,000
1923
($1 0 0 , $500 and $1,000) . / I n t . a t H ib ern ia B k . A T r . C o ., N ew O rleans.
Bonds.— T h e b on d s o f 1905 are s u b je c t to call o n O ct. 1 In a n y y e a r a t
105; no sin k in g fu n d .
In terest o n 2d m tg e . Is p a y a b le a t First N a t. B a n k ,
G u lfp o r t.
B on d s h a v e no s. f. an d are n o t s u b je c t to call. T h e B ilo x i
E le c tr ic H allw ay <5; P ow er b o n d s are s u b je c t t o call a t 106 and Interest.
E A R N I N G S .— F o r yea r e n d . Ju n e 30 1912, gross, $266,766; n e t, $ 9 9 ,0 9 5 .
R O A D .— O perates 13 m iles o f tra ck fro m G u lfp o rt to B iloxi an d 11 m iles
fro m G u lfp o rt to Pass C h ristian; also 6 m iles o f tra ck In B ilo x i; t o ta l, 30 m .
O F F I C E R S .— P res., J . T . J o n e s , G u lfp o r t: V .- P . an d A u d ., R . E . P o w
ers, B u ffa lo, N . Y . ; S e c ., I I . C. E lder; T r e a s ., F . V . O sb o rn e , G u lfp o rt; G en .
M g r ., W . F . G oren llo, G u lfp o r t.— V . 8 3 , p . 9 5 .
lxxxxy ,
b y N e w p o rt N ew s S y n d ic a t e ), and th e en tire b o n d Issue o f th e N ew
p o r t N ew s G as C o . T h e N e w p o rt N ew s A O . P . R y . A E le c , a n d C itizen s'
R y ., L t . A P o w . C o . ow n en tire c a p ita l s to c k o f th e H a m p to n R o a d s T r a c .
C o . C on trols the ra ilw a y, e le ctr ic -lig h tin g a n d Ice business in N e w p ort
N ew s, H a m p to n , O ld P o in t an d P h o e b u s . A ls o c o n tr o ls gas business In
N e w p o r t N ew s. A u g . 18 1908 c o m p a n y w as gra n te d p erm ission to in
crease fares fro m 5 to 10 ce n ts b etw een N e w p o r t N ew s an d H a m p to n . F are
fro m N e w p o r t N ew s t o O ld P o in t, 15 c e n ts .
In O c t . 1911 so ld Its Interest In D an ville R y . A E le c . C o .,re c e iv in g In p a y m en t 5 1 2 5,00 0 in cash and entire issue o f $40 0,00 0 1st M . b o n d s o f D an ville
T r a c . C o . T h ese b on d s are colla tera l u n d er th e g e n . M . b o n d s . T h e $ 1 2 5 ,
000 In cash w as used b y the c o m p a n y In p u rch a sin g g e n . M . b o n d s.
V . 95,
p . 48 1 .
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Maturity.
C o m m o n , $1,0 7 5 ,0 0 0 ($ 1 0 0 ).......................................
$ 1 ,075,000 .......................
P re f 5 % cu m ($ 1 0 0 )................................
5 J-J
725 ,000 J u l y ’0 2 . 2
First
m o rtg a g e ,
$900,000,1 1808
5 g M -N
900 ,000 N o v . 1 1938
g o ld ($1,000 e a c h ) _______ c*\ Interest a t A le x B o w n
A S o n s, B a lt ., M d.
First m tg e C itizens R y L t A P j 1900
5 g M -N
800 ,0 0 0 M ay 1 1 9 4 0
$80 0,00 0 ($ 1 ,0 0 0 ), g o l d .c * )
M aryland T ru st C o ., B a ltim o re , T r u s te e .
G u aran teed prln an d In t___ J In terest a t A le x . B row n A S o n s, B a ltim o re .
G eneral m o r tg a g e , $ 4 ,0 0 0 ,- f 1901
5 g M -S 1,4 5 9 ,0 0 0
M ch 1 1 9 4 1
00 0 ,
g o ld ($1,000 e a c h ) . . c * { I n t . at A le x . B row n A S o n s, B a ltim o re , M d .,
I or at c o m p a n y ’s a g e n c y In N ew Y o r k .
Bonds.— T h e M aryland T ru st C o ., B a ltim ore, Is trustee ot b o th the first
an d general m ortg ages o f the N e w p o rt N ews A O l d . P o in t R a ilw a y A
E lectric.
T h e N e w p o rt N ews A O ld P o in t b o n d s o f 1898 are s u b je c t to
call at 110 on a n y Interest d a y a t 60 d a y s ’ n o tice . T h e C itizen s' R a ilw a y ,
Light A P ow er C o. b o n d s are s u b je c t to call at 110 on a n y Interest d a y at
60 d a y s ’ n o tice ; th e y are gu aran teed b y th e N e w p o rt N ew s A O ld P o in t R y .
A E le c tr ic . S ee V . 71, p . 8 4 . O f th e $ 4 ,0 0 0 ,0 0 0 general m o rtg a g e b o n d s ,
$ 1 ,7 0 0 ,0 0 0 are reserved t o ta k e up at m a tu r ity th e o u ts ta n d in g first m ort
gage b o n d s o f th e N e w p o r t N ew s A O ld P o in t R y . A E le c , a n d th e C itizen s’
R y ., L t . A P o w ., an d $ 8 4 1 ,0 0 0 h ave be e n re tire d .
In a d d itio n t o th e m o r tg a g e lien, b o n d s are secu red b y a d e p o s it o f th e
s to c k s o f the C itizen s’ R y ., L igh t A P o w e r C o ., an d H a m p to n R o a d s T r a c .
C o ., and entire Issue o f D a n v . T r a c . C o . 1st. M . b o n d s.
E A R N I N G S .— O f th e N e w p o rt N ew s A O ld P o in t R y . A E le c , an d
c o n tr o lle d co m p a n ie s fo r 12 m on th s e n d in g O ct. 31 1910, gross, $ 8 0 0 ,3 8 1 ;
n e t. $ 33 7,54 7; d e d u ctio n s , $ 25 8,56 1; surplus, $78 ,9 8 6 .
R O A D .— In clu d in g C itizen s’ R y ., L ig h t A P o w e r C o ., H a m p to n R o a d s
T r a c C o. and th e D an ville R y . A E lec. C o ., o p e ra te s 50.60 m iles o t tr a c k .
O F F I C E R S .— P re s., C. L o o m is A lle n , S y ra cu se , N . Y .; V .- P ., E . F .
P e c k , S c h e n e c ta d y , N . Y . : V .- P . A G en . M g r ., J . N . S h a n n ah a n , H a m p
to n ; S e c . A T r e a s ., W illia m S tu a rt, H a m p t o n .— V . 88, p . 452 , 624 , 1561;
V . 91, P. 791. 1254. 1447; V . 94. p . 208: V . 95. p . 48 1 .
H AN O V ER, P A .
HANOVER & McSHERRYSTOWN STREET RAILW AY CO.
O R G A N I Z A T I O N .— In c o r p o r a te d In P en n sy lv a n ia .
O w ns all th e s t o c k
o f th e H a n o v e r L ig h t, H e a t A P o w e r C o.
STO C K AN D BO N DS—
Date.
Interest. Outstanding.
Maturity.
S t o c k $20 0,00 0 ( $ 5 0 ) _________ ____
________
$90 ,0 0 0 J a n .’ 12, 6 %
F irst m tg $50 0,00 0 g ($1,000) \ 1008
5 g J -D
143,000 Ju n e l 1928
s u b je c t to call at 1 0 5 ____ c* J In te re s t at Y o r k T r u s t C o ., Y o r k , P a ., T ru s.
Bonds.— O f rem ain in g b o n d s $200,000 are r e se rv e d fo r e x te n sio n s, A c .
Dividends.— In J u ly 1894, 2
In 1895, J a n ., 2 'A\ 1897-1902 record s
lo s t.
1903 an d 1904 n o n e .
In 1905, J a n ., 6 % .
In 1906 a m d 1907, non e;
J a n . 1908 to Ja n . 1912, In cl., 6 % p er a n n u m .
E A R N I N G S .— F o r cal. y e a r 1911, gro ss, $ 8 5 ,4 8 4 ; n e t, a fte r ta x e s .
$40 ,3 7 4 ; interest, $21 ,254 ; d iv id e n d s , $ 5 ,4 0 0 ; su rplu s, $13 ,720 .
R O A D .— O w ns 12.59 m iles ot track In a nd b e tw e e n H a n o v e r , M cS h erryst o w n , H tt le s t o w n an d C on ew ago C h apel. S ta n d a rd ga u g e. 6 0 -lb . T an d
gird er rails. A n e x te n sio n to N ew O x fo r d Is to be c o n s tr u c te d .
O F F I C E R S — P re s ., W . II. L a n lu s; V .- P ., J . W . S te a c y ; S e c. A T r e a s .,
E llis S . L ew is; G en. M g r ., R . E. M an ley.
H A R R ISB U R G , P A .
CENTRAL PENNSYLVANIA TRACTION CO.
O R G A N I Z A T I O N .— In co rp o ra te d In P e n n s y lv a n ia on J u ly 9 1903, and
leased th e H arrisburg T r a c tio n C o. and s u b sid ia ry lin es at a g u aran teed
rental o f 6 %. T h e H arrisburg T ra ctio n C o . s to c k h o ld e r s w ere a llo w ed to
su b scrib e for th e new s to c k , share fo r sh a re .
A n assessm ent ot 10_%
($5 p er share) was ca lled on the s to c k in A u g . 1905. see V . 81, p . 7 2 5 ),
1 0 % w as ca lled in 1907 an d 10% A p ril 1 1908: In M arch 1909, 4 % w as
c a lle d . V . 88, p . 563.
In M arch 1909 a n d again in F e b . 1911 a 4 % d l v .
w as d eclared an d cre d ite d in p a y m e n t o f 4 % assessm ent on s t o c k .
V . 92, p. 321 .
O n O cto b e r 17 1903 a c q u ir e d a m a jo r it y o f th e $ 2 0 0 ,0 0 0
s to c k o f th e P e o p le s ' B rid ge C o.
T h e L ln g le s to w n A B lue M o u n ta in
R a ilw a y C o ., w h ich Is c o n tr o lle d th ro u gh s to c k o w n e rsh ip , w as p u t In
o p e r a tio n t o L ln gle sto w n on J u ly 1 1904.
O w n s en tire s to c k o f th e
H arrisbu rg A H u m m e lsto w n R y . and gu aran tees Its b o n d s , prln . an d Int.
In 1907 th e D auphin S treet R y . w as In co rp o ra te d t o bu ild a tr o lle y line
H AG ER STO W N , M D .
from H arrisbu rg to D au p h in . W o r k o n this p r o p o s e d line h eld up b y
In ability to secure rights o f w a y . Franchises are p e rp e tu a l.
H A G E R S T O W N R A I L W A Y .— A tro lle y r o a d .
STOC K A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
In D e c. 1911 c o n tr o l o f ro a d w as a cq u ire d b y Interests Identified w ith the
S t o c k , $2,1 0 0 ,0 0 0 ( $ 5 0 ) ......................
A -O
($ 2 ,1 0 0 ,0 0 0 !
A p r ’ 1 2 ,3 %
■Frederick R R .
V . 9 4 , p . 350.
l (50 % p d .) j (S ee text)
O R G A N I Z A T I O N .— C h artered M arch 12 1896 In p e r p e tu ity .
F u rnishes
L in g. A B l. M tn. M tge, $ 1 2 5 ,-! 1905
5
A -O
105,000 A p r. 1 1 9 3 5
com m ercial electric lig h tin g . Franchises are p e rp e tu a l. On M ay 20 1908
000 g. ($100 and $500) . . . c f
In t. at H arrisburg T ru st C o ., T ru stee.
sh areholders v o te d to take o v e r the assets o f the H agerstow n & N orthern
H arr. A H u m . 1st M .. $200,-1 1905
4 ^ g M -N
200,000 A p r. 1 1935
R R .. (w hich had co n s o lid a te d w ith th e Fran klin C o u n ty R R . In F eb . 190 7),
000 . gu . p . and l ............. . /
the H agerstow n A B o o n s b o r o R y . and the H agerstow n A M yersvllle R y ..
First m o rtg age $2,000.0001 1909
4 ^ M -N
3 0 0 ,0 0 0 J u ly 1 1 9 2 9
and Increased s to c k from $ 2 0 0,00 0 to $40 0 ,0 0 0 .
V . 86, p . 1343.
($500 an d $ 1 ,0 0 0 )_________ (In te r e s t a t H arrisburg T ru s t C o ., T ru s tee.
Interests Identified w ith this c o m p a n y In J u ly 1901 pu rch ased a m a jo r ity
Bonds.— B o th Issues ot 1905 b on d s are g u a ra n te e d p rin cipa l and Interest
o f th e s to c k and all o f the b o n d s o f th e M yersvllle A C a to ctln E le c tr ic R y .,
b y en d o rse m e n t b y the Cen tral P en n . T r a c tio n C o.
Ot the L in g. A Blue
b u t s h o r tly th ereafter d ire cto rs o f the la tte r m a d e a new lease (e x p irin g
M ountain m o rtg a g e b o n d s, $20,000 are reserved fo r P e n n sy lv a n ia e x te n
F eb . 1 1914) o f the roa d to th e F red erick A M id d le to w n R R ., n o w m e rg e d
Into F red erick R R ., w h ich see o n a p re v io u s p a g e .
In O ct. 1911 H agers sion s. T h ese b o n d s are s u b je c t to call a fte r 1915 a t 105 an d In terest.
Dividends.— Initial d l v .— 4 % — d eclared M arch 1909 to bo cre d ited In
to w n R y . p e titio n e d M arylan d C o m m ission fo r p erm ission to p u rch a se 267
V . 88, p. 563.
O ct. 1909 2 % an d sam e
shares o f M yersvllle & C a to ctln s t o c k .
U p t o S e p t. 1912 p e titio n h ad n o t p a y m e n t o f call on the s to c k .
a m o u n t s em i-an n u ally to a n d Inclu din g O c t . 1910. In 1911, F e b ., 4 %
b e e n g ra n te d .
...............................................................
. . . .
(cre d ite d to p a y m e n t o f call o n s t o c k ); A p r ., 3 % ; O c t ., 3 % .
In 1912,
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
Maturity• A p r ., 3 % .
S t o c k , $400,000 ($50) ...................................................
$380,000 .......................
R E P O R T .— F o r fiscal y ear en d in g Jun e 30 1912, gross, $89 1 ,7 1 0 ; n et,
1st
m o rtg a g e ,
$200,000,1
1896 6 g Q -F
200 ,000 M ay 1 1 9 1 6
$507,908; rentals, ta x e s A Int., $24 2,15 3; d lv s ., $ 12 6,00 0; s u rp .. $ 13 9,75 5.
H a g e rsto w n .
g o l d _________________________ JIn te re st a t B a v y L a n e & C o .,
R O A D .— Leases a n d op e ra te s 70.32 m iles o f tra ck as fo llo w s : E a st H arris,
H ager A M yers R y , $ 1 2 5 ,0 0 0 .
1901
5%
120.000
1921 b u rg P ass. R y ., 2 2.35; H arrisbu rg C ity Pass. R y ., 15.61; C itizen s I’ ass.
H agers A B o in e s b R y 1st M l
1902
5 F -A
110,000 A u g 1 1922 R y .. 10.17; M id d le to w n II. A S ., 9.7 2 ; L ln g le s to w n A B lue M o u n ta in R y .,
$12 0,00 0 ($500 A $ l ,0 0 0 ) o * j
I n t . a t M aryland S . & T r . C o ..H a g e rsto w n
5 .63; H arrisbu rg A H u m m e lsto w n R y ., 6 .8 4 .
H as 152 cars.
H agers A N or R R 1st m tge) 1907
5 g F -A
200 .000
1927
O F F I C E R S .— P re s., F . B . M usser; V .- P ., B . F . M eyers; A c t . S e c . A
$20 0,00 0 g old ($ 1 ,0 0 0 , $ 5 0 0 1 In t. a t M arylan d 3 . A T r . C o ., H a g e rs to w n .
T r e a s ., J o h n O ’ C on nell; S u p t., F . M . D a v is , all o f H a rrisb u rg .— V . 83, p .
and $ 1 0 0 )...................... .......c*J
T ru ste e , W m . Jen n in gs.
Bonds.— T h e H agerstow n A B o o n e s b o r o R y . b on d s are red eem able 1912 491 ; V . 8 8 . p . 563, 1559; V . 92, p . 321 , 794 .
(1) Harrisburg Traction.— A trolley road.
at par. T h e H agerstow n A N orth ern R R . b o n d s are s u b je c t to call In 1917.
In June 1903 w as leased t o th e C e n tra l P e n n sy lv a n ia T r a c tio n C o . at 6 %
E A R N I N G S .— F o r 12 m o s . e n d in g D e c. 31 1911, gross, $ 1 2 5 ,6 6 9 . In o n s to c k .
A s to c k d iv id e n d o f 5 % w as p a id at th a t t im e . In creasin g o u t
1910, gross. $ 1 2 3 ,8 9 2 .
In 1909, gross, $ 1 1 0 ,2 6 3 .
sta n d in g s to c k to $ 2 ,lo o ,u u i)
T n e T r a c tio n C o. h o ld s In its treasury
R O A D .— O perates 4 0 H m . o f track as fo llo w s ; H agerstow n to W illia m s $700,000 (all) sto ck o f the East H arrisbu rg Pass. R y . and S „3n ,000 (dll)
p o r t an d F u n k s tow n . 13 m .; F u n k sto w n t o B o o n s b o r o , 10 m .; B o o n sb o ro o f c it iz e n s ’ Stock
V . 60 n S73.
_
across South M ountain to M versvllle (w here c o n n e c tio n Is m ade w ith F red S T O C K A N D B O N D S — Par. Date.
erick R R .) , 7M m iles, an d H a g e rsto w n to S h a d y G ro v e (w here c o n n e c tio n
H arrisburg
T r a c t io n !
Is m a d e w ith C h am bersbu rg G reen ca stle A W a y n e s b o r o E le c tr ic R y .) , 10
$ 2 ,1 0 0 ,0 0 0 See t e x t .
6
F -A
s to c k . $ 2 ,500,009
50 ____
■miles. S ta n d a rd gau g e.
75,000
M...
ay _1 1924
C itizen s’ Passenger— 1 ____
1894
6 g M -N
.
O F F I C E R S .— P r e s ., H e n ry H o lz a p fe l; V .- P . , M . P . M oller; S e e ., V . M .
1st M ., $ 75 ,000 , g o ld / In t. at C om ’ w ca lth G u a r . T r . C o .. H arrisburg
C u shw a; T r e a s ., A le x . A rm s tro n g ; G en . M g r ., Fran z v o n S ch illin g, all o f Leased to E. Har. Pass. Ry .—
H a g e r s to w n .— V . 84, p . 339; V . 86, p . 1343; V . 9 4 , p . 350 .
H arris. C ity Pass, stk
25 _____
12 J -J
125 ,0 0 0 Lease ren t.
M ld d let’w n H .A S .s t k
50
___
10 J -J
100 ,000 Lease r e n t.
D I V I D E N D S — T h e d iv id e n d s In F e b . and A u g . 1899 agg re g a tin g 4 %
HAM PTON, V A .
w ere p aid In s t o c k , th e m o n e y b ein g used In re d u c in g floatin g d e b t .
D iv i
NEWPORT NEWS & OLD POINT RAILW AY
ELECTRIC. „
„
d e n d p eriod ch an ged to q u a rte rly , and 1 % p aid In c a s h O c t . 1899.
In 1900
I n f Ja n . 1912 c o n tr o l o f road ch a n g e d h a n d s. " N e w p o r t News S y n d i 4 % .
D ivid e n d s again ch a n ged to s e m i-a n n u a l a n d 2l$% paid F e b . 1901
c a te , 1 9 1 2 ," w as form ed to a cq u ire th e securities o f th e c o m p a n y an d o u t and 214 % on A u g . 1. I n l 9 0 2 5 % .
In 1 90 3. 6 % . also scrip d iv id e n d o f 5 %
sta n d in g shares o f the a ffilia te d co m p a n ie s , w ith a vie w o f re o rga n izin g the on A u g . 1.
1904 to 1911 ln c l., 6 % p er a n n . In 1912, F e b ., 3 % ; A u g , 3 % .
prop erties, p rov id in g m o n e y fo r e x te n s . to the e le c, ligh tin g an d p o w e r gas
R O A D .— E m b ra ce s 47 m . o f tra ck n o w o p e r a te d b y C entral P e n n . T r a c .
p la n t “servlces an d to a d d to pow er facilities an d car e q u ip m e n t.
D etails
O F F I C E R S .— P re s ., E d w ard B a iley; V .- P .. B . F . M eyers; S e c. an d T r e a s . .
arc n ow being ca rried o u t an d th e lm p ts . are In p ro g re ss. V . 95, p . 481 ;
W .J .C a ld e r ; S u p t. and P u r. A g t .. F . B. M u s s ir , all o f H arrisbu rg. - V . 77,
V . 9 4 . p . 208.
p. 196
_______ _
O R G A N I Z A T I O N .— In 1898 pu rch ased th e N e w p o rt N ew s H a m p to n A
Old P o in t R y . and a cqu ired th e Chesapeake L ight A P ow er C o. a t H a m p t o n ,
VALLEY TRACTION CO.—A trolley road.
V a . IL a ter acq u ired the C itizen s’ R a ilw a y , L ight A P ow er C o . th rou gh
In J u ly 1912 c o n tr o l o f ro a d was so ld an d th e V a lle y R a ilw a y s C o. was
ow n ersh ip o f $19 5,00 0 o u t ot a to ta l Issue o f $20 0,00 0 c a p ita l s to c k (re m a in In c o r p ., presu m a b ly to take o v e r the p r o p e r ty .
V . 9 5 , p . 298 , 112.
i n g $5,0 0 0 Is ow n ed b y N e w p o rt N ew s s y n d ic a te ), w hich c o m p a n y In turn
T h e V a lle y R y s . C o. has filed a m tg e . fo r an a u th . a m o u n t o f $1,7 0 0 ,0 0 0
a cq u ired $76 ,000 o f the $ 1 0 0,00 0 ca p ita l s t o c k (rem ain in g $26 ,000 o w n ed
b on d s.
Interest. Outstanding. Last Dlv.
r
&
O R G A N IZ A T I O N '.— In co rp o ra te d In P e n n sy lv a n ia on N o v . 18 1903 and
c o n t r o ls throu gh ow nersh ip and lease th e H arrisbu rg & M ech a n lcsb u rg
E le c tr ic R a ilw a y C o ., th e W h ite H ill & M ech an iscbu rg E le ctric R y ., th e
W es t F a rvlew & M arysville E lectric R y ., t h e F a lrvlew & R iv e r to n P a ss. R y . ,
th e Carlisle & M echanlsburg S t. R y .. the C am p H ill & H arrisbu rg P a ss. R y ..
th e H arrisburg & R iv e r to n S t. R y . and th e U n ited E lectric C o.
In A p ril 1911 Increased a u th . c o m . s to c k fro m $50 0 ,0 0 0 t o $ 1 ,5 0 0 ,0 0 0 .
V . 92, p . 1245.
STOCK A N D B O N D S—
Date.
Interest. Outstanding.
Maturity.
C o m m on , $1,5 0 0 ,0 0 0 ( $ 5 0 ) ..............................................
$ 5 0 0,00 0 S ee B a r n ’s.
P f ., $ 50 0,00 0, 5 % n .c . ($50) ............
....................
3 9 8 ,5 5 0 S ee E a r n s .
1st m tg e ., $ 70 0,00 0, g o ld ] 1903
5 g A -O
5 5 5 ,5 0 0 O c t . 1 1933
($100 and $500) .............c * / l n t . at F a rm ers’ T r C o ., C arlisle, P a ., T r.
H . & M. 1st M .. $22 4,00 0, g. - 1894
0 g M -S
144,500 S e p t.
1914
Interest Is p a y a b le at o ffic e o f tru stee, th e H arrisbu rg T r u s t C o
Bonds.— V a l. T r a c . b on d s are s u b je c t t o call at 110.
A sinking fund o f
$5,000 per ann um co m m e n ce d O c t . 1 1908.
E A R N I N G S .— F o r cal. y e a r 1911, gross, $ 23 9,23 9; n e t, $ 99 ,093 ; o th e r
In c o m e , $26 ,5 5 6 ; ln t ., ta x e s , & c ., $ 59 ,446 ; d lv s . (c o m ., 6 % ; p r e f., 5 % ) ,
$ 4 7 ,5 0 2 ; su rplu s, $18 ,7 0 1 .
H O A D .— O perates 41.2 3 m iles o f track fro m H arrisbu rg to F a lrv le w ,
M arysville, R iv e r to n , N ew C u m b e rla n d , W h ite H ill. C a m p H ill. S h lrtm anstm vn. M ech a n lcsb u rg. B ollin g Snrlntrs and Carlisle
31 ear*
Gauge
5 f t. 2 in .; 50 and 1 0 0 -lb . girder an d T r a il.— V . 78, p . 1393; V . 92, p . 1245;
V . 95, p . 112.
H A V E R H IL L , M ASS.
NEW HAMPSHIRE ELECTRIC RYS.
„„„
O R G A N I Z A T I O N .— O rga n ized In A u gu st 1905 as su cce sso r u nd er
foreclosu re o f the N ew H am pshire T ra ctio n Co , as per plan In V . 7 9 , p.
2205. C om p a n y Is m anaged b y a board o f trustees. O w ns and c o n tr o ls
th e follow in g com p an ies;
H averh ill P la lstow & N e w to n S t. R y .
A m e s b u ry & H a m p to n S t . R y .
L ow ell & P elh am S tre e t R y .
C an oble L a k e C o.
M ass. N orth ea stern S t . R y .
C itiz e n s ’ E le c tr ic S t. R y .
R o c k ’g ’ h C o . L t . & P o w . C o.
D o v e r Som crsvv. & R o c h . S t. R y .
S
e a b ro o k & H a m p t. B ea ch S t . R y .
G ra n ite S ta te L a n d C o.
A ll o f the capital stock s o f these co m p an ies arc ow n ed b y the N ew H a m p
shire E lectric R y s ., as are also the ou tsta n d in g b o n d s o f all th e c o m p a n ie s,
w ith th e e x cep tion o f those given b e lo w . Franchises o f all th e c o n s titu e n t
com p a n ies are p erp etu al.
. . .
A fiv e -y e a r co n tr a c t for po w e r w as m a d e w ith th e E x e te r & H a m p t.
E lec. C o. In J u ly 1 9 0 8 .
„
„
In S e p t. 1912 the M ass. N orth ea stern S t. R y . (fo rm e rly th e H averh ill &
S o . N . H . S t . R y .) w as granted perm ission b y the M ass. R R . C o m m .to
p u rch ase and co n s o lid a te the H averh ill & P lalstow S t. R y ., L a w ren ce &
M ethuen S t. R y .. H averh ill & A m e s b u ry S t . R y . and H u d so n Pelham &
S a lem S t . R y ., w hich w ere o w n e d an d c o n tr o lle d b y th e N ew H am psh ire
E le c . R y s . V. 95, p. 236, 298.
Portsmouth A Exeter St. Ry. Sold.— T h is r o a d , fo rm e r ly o w n e d , w as so ld
o n A p ril 23 1912 fo r $ 5 5 ,0 0 0 . R o a d has been d is m a n tle d . V . 94, p . 1186.
STOCK A N D B O N D S—
Date.
Interest Outstanding.
$ 3 ,9 0 0 ,2 0 0
C o m m on , $ 4 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ...........................................
P r e f , 4 % n - c , $ 4 ,0 0 0 ,0 0 0 ( $ 1 0 0 ) ------J-J
3 ,3 9 9 ,5 0 0 J u ly ’ 1 2, 2 %
N o t e ____________________________ ______
6%
646 ,000
O n d em an d
UNDERLYING LIENS.
D ov er Som ers fc R o c h 1st M,1
g , $300,000 ($ 1 ,0 0 0 ), c* s f 1901
5 g J-J
See t e x t .
J u ly 1 1921
$5,000 per ann begins 1 9 0 4 ;)In te re st at A m erican T ru st C o ., B o s to n .
b on d s ca n n o t be ca lle d ____ J 1899
5 g A -O
See t e x t .
O ct 1 1919
A m esbu ry & H a m p ton 1st M ,\ In terest at B ea con T ru st C o .. B o s to n ,
gold $100 000 ($ 1 ,0 0 0 )___ J T ru stee.
C itizen s’ E lec S t R y first m t g e ] 1900
5 g J -D
230 ,000 D e c 1 1920
523 0,00 0 g o l d ......................./B e a c o n T ru st C o ., B o s to n , T ru stee.
Bonds.— O f the $300,000 o f th e D o v e r S o m . & R o c h . b o n d s, all Issued,
$ 1 6 1,000 are ow n ed by the N ew H arnp. Elec. R y s .
O f the $10 0,00 0 A m es
& H arnp. b on d s, all Issued, $42 ,000 are ow n ed b y th e N . H . E le c. R y s .
a n d $9,0 0 0 A m es. & II. b on d s and 551 ,0 0 0 D o v . Som .T& R o c h . b o n d s In
s. f. J u ly 31 1912. T h e d em an d n o te w as fo r r e fu n d , an d a c q u is itio n o f
C itizen s’ E le c . S t . R y . s t o c k .
.
E A R N I N G S .— F or y ear e n d in g Jun e 30 1912, gross, 589 8,20 8; n e t,
$ 2 8 6 ,9 1 9 ; ln t. an d ta x es, $ 76 ,277 ; surplus, $21 0 ,6 4 2 .
In 1911, gross,
$79 1 ,1 6 3 ; n et, 524 0 ,4 6 2 ; lilt, and ta x e s, $ 47 ,014 ; su rplu s, $ 1 9 3 ,4 4 8 .
D I V I D E N D S .— C om p a n y p aid 1 % each 6 m o s . on p re f. since J u ly 1908
t o an d Incl. J a n . 1910. S in ce J u ly 1910, 1 X sem l-an n , to an d in clu d .
J a n . 1912.
In J u ly 1912, 2 % .
R O A D .— C om pa n ies c o n tro lle d (In cluding the H averh ill & A m e sb u ry
S t. R y . a n d C itizen s’ E le c. S t. R y .) o p e r a te 164 m iles o f tra ck co n n e c tin g
N ash u a, P elh a m , L o w e ll, L a w re n ce , M e th u en , H av e rh ill, S a le m , M errlm ac,
A m e s b u ry , S a lisb u ry , N cw b u r y p o r t a n d S a lisb u ry , S e a b ro o k an d H a m p to n
b e a ch es.
D o v e r, S om ers w o rth , R o c h e s te r an d E ast R o c h e s te r — all p oin ts
In N . II. o r M ass. C o m p a n y ow n s several pleasure re so rts. A ls o does
c lc c tr lc -llg h tin g business. P o p u la tio n se rv e d , 5 00 ,000 .
O F F I C E R S .— P res ., D . A . B e ld cn , Ila vcrlilU ; V .- P ., M . N . B u ck n e r,
N ew Y o r k ; S ec, and T r e a s ., F . J . H o rn e , N ew Y o r k . V . 88, p . 1500; V .
9 0 . p . 237; V . 91, p . 215; V . 94, p . 1696; V . 95, p . 47, 236 , 298 .
H AZLETON , P A .
WILKES-BARRE
59
ELECTRIC RAILWAYS
Sept.. 1912,
& HAZLETON
RR.
O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew Jersey M ay 1901, and a cqu ired
the en tire ($ 1 ,5 0 0 ,0 0 0 ) ca p ita l s to c k an d ($ 1 ,5 0 0 ,0 0 0 ) b o n d s o f th e W ilk es
B arre & H a z leton Railway Co. (P e n n s y lv a n ia In corp ora tion ) and d ep o site d
th e sa m e, tog eth er w ith $140,000 (en tire Issue) o f th e L eh igh T r a c tio n C o .'s
5 % certifica tes o f In debtedness and $92 2,20 0 o f th e s to c k o f $ 1 ,0 0 0 ,0 0 0 o f
t h e L eh igh T r a c tio n C o. as se cu rity fo r th e W ilk e s-B a rre & H a z le to n R a il
ro a d C o. Issue o f first collateral tru st m o rtg a g e 5 % g o ld b o n d s.
V . 72,
p . 1281. Franchises are 999 years In and a ro u n d H a zle to n an d p erpetu al
fro m H a zleton t o W ilk es-B a rre.
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Maturity.
O om raon $2,5 0 0 ,0 0 0 ($ 1 0 0 )...............................................$2,5 0 0 ,0 0 0 ..........................
P re f 6 % n o n -cu m $ 7 0 0 ,0 0 0 ...............................................
185,600 ........ ..............
C ollateral tru st m ortg a g e $ 2 ,- / 1901
5 g M -N 15 1,9 0 0 ,0 0 0 M ay 15 1951
6 0 0 .0 0 0 g old ($ 1 ,0 0 0 )— c * ] I n t . a t G u a ra n ty T ru s t C o ., N . Y . t T ru stee.
C ollateral tru st m ortg a ge $1,-1 1905
5 g A -O
1 ,227,000 O ct. 1 1 9 4 5
500 .0 0 0 g old ($ 1 ,0 0 0 )-------c ] I n t . a t G u a ra n ty T ru s t C o ., N . Y . , T ru ste e .
Bonds and stock.— O f th e a u th orized Issue o f $ 2 ,5 0 0 ,0 0 0 c o ll, trust b o n d s o f
1901, $60 0,00 0 are reserved t o retire all b o n d s o f th e L eh igh T r a c tio n C o.
A
sin k in g fu n d o f $20 ,000 per a n n u m , w h ich began Ju n e 1 1908, Is t o be In
vested In th e colla tera l tru st b o n d s o r In b o n d s pu rch a sa b le b y s a v in g s ban k s
In N ew Y o r k S ta te. See V . 7 2 , p . 1281; V . 7 8 . p . 289 . T h e co lla te ra l tru st
b on d s o f 1905 h a v e a sinking fund o f $10 ,000 p er a n n u m , w h ich b egan In
1910.
B on d s ca n be called a t 110. P referred s to c k ca n , a t o p t io n o f
o o m p a n y , be ch a n ged a t a n y tim e Into th e b o n d s o f th e c o m p a n y a t par,
said b o n d s t o bear n o t less th an 5 % . o r m a y be re d e e m a b le a t par In ca sh .
E A R N I N G S .— F o r c a l. y r . 1911 (Incl. allied c o m p a n ie s ), gross, $42 3,09 4;
n t, $ 22 0,68 9; ln t., ta xes and renew als, > 208,828; surplus, $11 ,861 .
O F F I C E R S .— P res., A . M arkle: V .- P . & G en. M an ., C . B . H o u c k ; S e c . &
T r e a s ., N . C, Y o s t .— V . 83. p . 1292; V . 87, p . 679.
(1) L eh igh T ra ction C o .— A tr o lle y r o a d .
O R G A N I Z A T I O N .— C h artered N o v . 7 1892. Franchise p e rp e tu a l.
O w n s, c o n tro ls an d leases fo r 999 years a t an an n u al rental o f $1 ea ch th e
H a zleton & S u b u rb a n E le ctric R y ., c a p ita l $30 ,0 0 0 ; H a z le to n & S o u th
S id e E lectric R y ., c a p ita l $ 75 ,000 ; H a z le to n & N o rth S ide E le c tr ic R y .,
ca p ita l $ 7 5 ,0 0 0 . T h e $14 0,00 0 certificates o f in d eb ted n ess an d $922,200
o f L eh igh T r a c tio n s to c k are d e p o s ite d as s e cu rity fo r th e W ilk e s -B a rre &
H a z le to n R R . b o n d s.
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
S t o c k $ 1 ,0 0 0 ,0 0 0 ( $ 1 0 0 )......................................................$ 1 ,0 0 0 ,0 0 0 ..........................
F irst m ortg a g e $50 0,00 0 g o ld / 1893
5 g J -D
5 0 0 ,0 0 0 Ju n e 1 1923
($ 1 0 0 , $ 50 0, $ 1 ,0 0 0 )____ c * ]M a r k le B k g . A T r . C o .. H a z le to n . T ru ste e .
C ertifica tes o f In debtedn ess—
----------------------140 ,000 ____________
H a zle P a rk b o n d s . $ 6 0 .0 0 0 .. . 1895
5 g A -O
60,000
1925
R O A D .— O perates 22 m iles o f t r a c k , new 5 8 -lb . steel T rails, o a k ties, w ell
b a lla s te d .
R o a d e x te n d s fro m H a zle to n t o W e s t H a z le to n , t o Y o r k t o w n
(co n n e c tin g w ith P en n sy lv a n ia R R . an d L eh igh V a lle y R R . ) , t o M c A d o o
(s o u th ) and M llnesvllle. L a tim er M ines and F reelan d (n o r th ).
O F F I C E R S .— P res., A . M arkle; V .- P ., C. B . H o u c k ; S e c . a n d T r e a s .,
N . C . Y o s t ; G en. M g r., C. B . H o u c k .
. .
.
(2)
Wilkes-Barre
&Hazleton
R y .— A trolley, steam and third-rail road
O R G A N I Z A T I O N .— C h artered D e c . 13 1899 u n d e r G eneral R a ilro a d L a w
A c t o f A p ril 4 186 8, S ta te o f P e n n s y lv a n ia .
T h e W ilk e s-B a rre & H a z leton
RR. o w n s th e en tire s to c k an d b o n d s.
STOCK A N D BO N DS—
Date.
Interest. Outstanding. Maturity.
S to c k $ 1 ,5 0 0 ,0 0 0 full p a id .................................................$ 1 ,5 0 0 ,0 0 0 ..........................
F irst m o r tg a g e $ 1 ,5 0 0 ,0 0 0 ? 1901
5 g M -N
1 ,5 0 0 ,0 0 0 M a y 1 1 9 5 1
g o l d --------------------------------------- ] In te re st a t G u a ra n ty T ru s t C o ., N . Y . , T r u s t.
R O A D .— O w ns 27 m iles o f ro a d fro m H a z le to n t o W ilk e s -B a rr e , a n d uses
fo r term in als 1 m ile L eh igh T r a c tio n C o. tra ck a t H a z le to n an d 2 m iles
W ilk es-B a rre T erm inal R R . C o . track a t W ilk es-B a rre; to ta l, 30 m iles.
E n tire ro a d p la ce d In o p e r a tio n M ay 1 1903. R a lls , 95 lb s.
O F F I C E R S .— P r e s ., A . M arkle; V .- P . a n d G en . M g r ., C . B . H o u c k ;
S e c . a n d T r e a s ., N . C . Y o s t ; S u p t. o f T r a n s ., A . F . H a rge r.
(a) Wilkes-Barre Terminal RR.
O R G A N I Z A T I O N .— In c o r p o r a te d o n O c t . 9 1903.
S to c k a u th o rized
an d o u ts ta n d in g . $35 ,0 0 0 (par $ 5 0 ).
B on d s a u th o riz e d , $ 6 0 0,00 0 (o & r );
o u ts ta n d in g , $ 6 0 ,0 0 0 ($ 1 ,0 0 0 ).
D ate 1905; due O c t . 1 1945.
I n t . (5 g .
A -O ) p a y a b le In N ew Y o r k .
R O A D , 3 m iles, be tw e e n W . B . T e r . R R .
Ju n e, an d W ilk e s-B a rre .
R a lls, 9 0 -lb . T ; gau g e, 4 ft . 8 H In. P r e s ., J . T .
K e ith ; S e c ., A . P . G o e d e ck e ; T r e a s ., J . J . M cG eeh ln .
H E L E N A , MONT.
T H E H E L E N A L I G H T & R A I L W A Y C O .— T r o lle y , e le ctric lig h t and
p o w e r, gas ligh t and fuel.
O R G A N I Z A T I O N .— In c o r p o r a te d In C o n n e cticu t In S e p t. 1905 as su c
cessor t o th e H elen a L ig h t & T r a c tio n C o . V . 8 1 , p . 1043. C o n tro ls th e
H elena G as L ig h t & C ok e C o .; co m p rise s th e c it y ’s en tire street ra ilw a y s
an d gas and e le ctrlc-llg h t p la n ts .
Franchises ex p ire A p ril 4 1926.
STOCK A N D B O N D S—
Date.
Interest. Outstanding. Maturity.
C o m m o n $ 9 0 0 ,0 0 0 --------------------- --------Q -F
$ 5 6 1,00 0
A u g . ’ 12, I X
P referred $60 0,00 0 5 % c u m . .............
5 Q -F
3 74 ,000 A u g . ’ 12, I X
First m o rtg a g e
$ 1 ,5 0 0 ,0 0 0 / 1905
5 g M -S
1,0 0 5 ,0 0 0
S e p t. 1 1925
g o ld ( $ 1 , 0 0 0 ) -------------------c * ] I n t . at K n ic k e r b o c k e r T r . C o ., N . Y . . T r u s t.
Bonds.— T h e 1st M . b o n d s are su b j . to call at 105 and in t.; 541 9,00 0 are
reserved fo r e x te n s . and lm p ts ., a t 8 5 % o f c o s t . A sink. fd. o f 1 X % per
an n . o f b o n d s o u t c o m m e n ce d Jun e 1 1908, w hich w ill be increased to 2 X%
p er ann um Ju n e 1 1918; said fu n d t o b e used in retirem en t o f b o n d s a t n ot
h igher th an 105 an d ln t. S ee V . 81, p . 1550. $ 76 ,000 h a v e been retired
b y sin k . f d . to d a te .
Dividends.— F iv e per c e n t p e r an n u m In q u a rte rly In stallm en ts is bein g
paid on p re f. s t o c k .
F irst d iv id e n d o n c o m m o n . 1 % paid O c t . 31 1906.
In 1907, 3 % .
In 1909, 3 % .
In 1 9 1 0 , 4 % . In 1911, 5 % .
In 1912,
F e b ., l X % : M a y , l x % : A u g ., l x % E A R N I N G S .— F o r 12 m o s . e n d . D e c. 31 1911, gross, 533 2 ,6 9 1 ; n e t, a fter
ta x e s, $ 12 5,27 5; fixed c h a rg e s, $44 ,7 6 2 ; s k . f d ., $14 ,4 6 9 ; s u r ., $ 6 6 ,0 4 4 .
R O A D .— O perates 18.8 m iles o f tra ck
O F F I C E R S .— P re s ., P . G . G ossler, N ew Y o r k : V .- P s ., M . H . G erry J r .,
H elen a , J . H . P a rd ee, N ew Y o r k ; S e c ., H . S . C ollette, N ew Y o r k ; T r e a s ..
It. B . M arch an t, N ew Y o r k ; A s s t. S ecs. & A s s t. T r e a s ’s, T . W . M o ffa t,
N . Y . , and A . B . S ib le y , H elen a .
O p era ted und er th e general m an age
m en t o f J . G . W h ite & C o . I n c ., N ew Y o r k C ity .— V . 88, p . 1061; V . 9 1 ,
_________ .
_________
p . 1095.
HENDERSON, K Y .
HENDERSON TRACTION— A trolley road.
In M ay 1910 a sy n d ic a te c o m p o s e d o f principal s to ck h o ld e rs o f E v an sville
R y s. acq u ire d c o n t r o l. V . 90, p . 1363.
O R G A N I Z A T I O N .— In c o r p o r a te d In K e n tu c k y F e b . 22 1907 as a s u c
cessor t o th e H en d erson C ity R y .. sold at fo re clo su re o n F e b . 18 10C7.
T h e o ld railw ay had a 3 0 -y e a r franchise gran ted In O c t . 1886, and also c o n
trolled the H en derson F e rry C o ., w h ich has since been s o ld .
V . 8 4 , p . 508 .
STOCK AN D BO N D S—
Date.
Interest. Outstanding.
Maturity.
S to c k $15 0,00 0 ($ 1 0 0 ).........................
....................
$ 1 4 9,80 0 .......................
First
m o rtg a g e ,
$ 1 5 0 ,0 0 0 / 1907
5 g A -0
105 ,000 A p r .15 1927
($ 1 ,0 0 0 , $ 50 0, $100) g o l d . .1 I n t. at O h io B k g. & T ru s t C o ., H e n d e rs o n .T r.
Bonds.— R e m ain in g $45 ,000 are reserved fo r exte n sio n s and Im p r o v e m 'ts .
S u b je c t to call on A p ril 15 1917 and 1922 a t 105. N o sin kin g fu n d .
R O A D .— O perates 6 m iles o f street railw ay.
O F F I C E R S .— P re s., J . H . L y n e ; V .- P . , C. H . B a ttln ; S e c . an d T r e a s .,
C h as. E . D allam ; G en . M g r., W . A . C a rs o n ; S u p t., E . L . M o o r e .— V . 83,
p . 380; V . 84, p 339, 1428; V . 90, p . 1363.
H O L YO K E , MASS.
HOLYOKE STREET RAILW AY.— Trolley.
O R G A N I Z A T I O N .— Leases th e M t. T o m (Incline) R R . u n til Ju n e 1 1922
at 6 % per ann um o n th e $ 1 0 0,00 0 s t o c k .
In 1907 pu rch ased th e H a m p
shire Street R y . (p re v io u sly le a s e d ). V . 8 5 , p . 40. In A u g. 1907 pu rch ased
th e A m herst & S un derlan d S treet R y . (V . 8 5 , p . 2 9 4 ), g iv in g a th ro u g h
co n n e c tio n fro m H o ly o k e t o A m herst an d Su n derlan d.
STOCK—
Date.
Interest. Outstanding. Maturity,Ac.
$ 1 ,0 7 3 ,6 0 0 J u ly ’ 1 2 , 4 %
S to ck ( $ 1 0 0 ) _________________ ______
8 J-J
D eb b o n d s ($5 0 0 , $1,000) , . c * 1895
5 A -O
250 .000 A p ril 1 1915
D eb b o n d s ($5 0 0 , $ l , 0 0 0 ) . . c * 1899
5 A -O
85,0 0 0 O ct. 1 1920
D ebenture b o n d s _______________ 1903
5 A -O
265 .000 A p ril 1 1923
Leased line rental M t T o m R R l
s to ck 6 % ____________________ j -------6
100 .000 .......................
259,311
.......................
Current liabilities J u n e 3 0 1 9 1 1 ------------------.
Interest on all b o n d s p a y a b le at H o ly o k e N ation a l Bank.
Dividends.— In 1892 t o J u ly 1912, In clu sive, 8 % y e a rly .
R O A D .— H as 69.7 m iles o i tr a c k , Inclu din g M t. T o m (Incline) R R . .
i 900 feet lo n g , and co n n e c tin g w ith th e W o r o n o c o S treet R y . t o W e s tfield ,
M ass.; w ith Springfield S t. R y . to S p rin gfield , M ass., an d w ith N o rth a m p
ton S t. R y . t o N o rth a m p to n , M ass., and d ir e ct to C h ico p e e , C h icop ee F alls
S o u th H a d le y . A m h e rs t and S u n d e rla n d . P assen ger cars, 120; o th e r ser
v ic e ca rs, 27: s n o w -p lo w s , 10: o th e r v e h icle s, 7: e le ctr ic m o to rs , 269.
E A R N I N G S .— F o r y ear e n d . Ju n e 30 1911 an d 9 m o s . to Ju n e 30 1910:
1911.
1910. |
1911.
1910.
G ross e a r n i n g s ...$ 5 7 1 ,4 0 7 $ 3 8 2 ,163|B alance fo r d l v s . . $ 89 ,907 $60 ,215
N e t . ......................... 172,434
121,785 D ivid e n d s p a i d . . (8 )8 5 ,8 8 8 (4 )4 2 ,9 4 4
I n t ., ta x e s , A c . . .
82,5 2 6
6 1 ,5 7 0 1B a l. fo r y e a r ., su r . $4,019
$17,271
O F F I C E R S .— P r e s ., W m . S. L o o m is ; V .- P . & G en. M g r ., L o u is D .
P clllsler; S e c . & T r e a s ., S . D . N e vln s, all o f H o ly o k e .— V . 86, p . 52.
HOT SPRINGS, A R K .
H O T S P R IN G S S T R E E T R A I L W A Y .— T r o lle y .
O R G A N I Z A T I O N .— C h artered In 1894; su ccessor t o H o t S p rin gs B lectrlo
S treet R y .
STOCK A N D BO N DS—
Date.
Interest. Outstanding.
Maturity •
S t o c k ..........................................................................................
$ 5 0 0,00 0 .......................
F irst m o rtg a g e g o ld ($ 5 0 0 ,0 0 0 ) 1908
5%
442 ,000 Ju n e 1 1938
C o m m o n w e a lth T ru s t C o ., S t. L o u is, M o ., T r u s te e .
R O A D .— O perates 13 m iles o f tra ck .
O F F I C E R S .— P r e s ., S . W . F o r d y c e : V .- P . , W . C. F o r d y c e ; S e c . a n d
T r e a s ., H . J . L e h m a n ; G en. M g r., S . E . D illon .
HOUGHTON, M ICH.
H O U G H T O N C O U N T Y T R A C T IO N C O .— T ro lle y r o a d .
O R G A N I Z A T I O N .— O rga n ized In 1908 a n d to o k o v e r H o u g h to n C o u n ty
S tre e t R y .. w h ich la tte r o o m p a n y w as In co rp o ra te d In 1899. Franchises
In p u b lic streets e x p ire in 1929. 1930, 1932. 1933 and 1938.
P riv a te rig h t
o f w a y p e rp e tu a l. $10 0 ,0 0 0 c o m . s to c k Is ow n ed b y P u b . S e r v . In v e s t . C o .
STOCK AN D BO N DS—
Date.
Interest. Outstanding. Maturity.
C o m m o n . $75 0 ,0 0 0 ($ 1 0 0 )............................
A -O
$75 0 ,0 0 0 O ct ’ 1 2 ,2 X
P r e f., 6 % c u m $ 5 0 0,00 0 ( $ 1 0 0 ) ------------A -O
2 0 7 .2 0 0 O c t ’ 1 2 ,3 %
1st co n so l m tge $ 1 ,6 0 0 ,0 0 0 ] 1908
5 g J -J
768 ,0 0 0 Jan
1 1937
($500 and $1,000) g o l d ------ / I n t . a t O ld C o lo n y T r u s t C o ., B o s to n , T r u s t.
H ou gh C o S t R y m tge $ 7 5 0 ,-J 1900
5 g J-J
3 6 4 ,0 0 0 J u ly 1 1920
000 g o ld ($ 1 ,0 0 0 )________ c * l l n t . a t B o s to n Safe D e p . A T r . C o ., T ru stee.
Stock ana Bonds.— P referred s to c k Is red eem a b le a t 110. $36 4,00 0 co n s o l,
m tg e . b o n d s reserved fo r prior Hens $45 0,00 0 fo r fu tu re a d d itio n s a t 8 0 %
o f c o s t ; th e y are s u b je c t t o call as a w h o le o r In p a rt fo r sin k in g fu n d a t 105
an d ln t. S in k in g fu n d 1 X % o f o u ts ta n d in g b o n d s.
$18 ,0 0 0 h a v e been
c a n ce le d . T h e H o u g h to n C o u n ty S tre e t R y . b o n d s ca n b e ca lled as a w h o le
o r In p a rt a t 105 an d Interest. V . 8 7 , p . 614.
E L E C T R IC
fiO
Dividends.— O n p r e f ., 3 % s .-a . fro m O ct. 1908 t o O ct. 1912, In clu sive.
O n c o m m o n , 2 % O c t . 1909. In 1910, A p ril, 2 J 4 % a n d sam e a m o u n t s .-a .
s in c e , to a n d in c lu d in g O c t . 1912.
R E P O R T .— F o r y e a r e n d in g Ju n e 30 1912, gross, $30 1,10 8; n e t, a fte r
ta x e s , $ 1 2 0 ,9 3 1 ; Interest, $ 5 6 ,7 5 0 ; sin k , f d ., $ 7,720; b a l., $ 5 6 ,4 6 1 .
R O A D .— O w ns 32.1 m iles o f tr a c k . Inclu din g lines fro m H o u g h to n to
H a n c o c k a n d fro m H a n c o c k to L a u rlu m , R e d J a c k e t, W o lv e r in e , M oh aw k ,
L a k e L in d e n a n d T a m a ra ck C ity; 41 cars. 60, 70 a n d 8 5 -lb . ra ils . S ta n
d a rd g a u g e .
.
O F F I C E R S .— P r e s ., F re d e rick P . R o y c e , B o s to n ; V .- P s ., F r e d e r ic J .
B a w d e n , H o u g h t o n , M ich ; S e c ., A lv a h K . T o d d , B o s to n ; T r e a s ., H e n r y
B . S a w y e r , B o s to n ; M g r., G ardn er R o g e rs , H o u g h to n , M ic h .; G en. M grs.
a n d T r a n sfe r A g e n ts, S to n e & W e b s te r , B o s to n .— V . 87, p . 614; V . 8 8 , p .
1499; V . 8 9 , p . 666; V . 94, p . 1763.
H UDSON, N . Y .
A L B A N Y SO U T H E R N R R .— T h ir d ra il, e x c e p t In cities.
O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Y o r k S e p t. 14 1909 an d Is a
reorg a n iz a tion o f th e A lb a n y & H u d s o n R R . C o . so ld un d er fo re clo s u re on
S e p t. 8 1909 (per plan V . 8 9 , p . 2 2 3 ). O n S e p t. 18 1909 m erged A lb a n y &
G reen bush B rid ge C o. V . 8 9 , p . 7 2 0 . Franchises are p e rp e tu a l.
D oes a
passen ger, freig h t a n d e xp ress bu sin ess.
STOCK A N D BO N DS—
Date.
Interest. Outstanding.
Maturity.
C om m on $ 1 ,3 7 5 ,0 0 0 ($ 1 0 0 )........................... - ............
$ 1 ,3 7 5 ,0 0 0 ------------------P ref $ 2 ,1 0 0 ,0 0 0 5 % n -c ( $ 1 0 0 ) ____
F -A
2 ,0 2 9 ,0 0 0 A u g .’ l l ,
First m ortg a g e $1,500,000 1 1909
5 g M -S
1 ,3 0 2 ,0 0 0 S e p t 1 1939
g o ld ($ 1 ,0 0 0 )____________ c * jB a n k e r s T r u s t C o ., N ew Y o r k , T ru s te e .
Bonds.— $ 1 ,2 5 0 ,0 0 0 o f b o n d s w ere s o ld t o ban kers, p ro ce e d s used In
a c q u irin g A lb a n y
& G reen bu sh B rid g e C o . a n d fo r straigh ten in g
a n d d o u b le -tra ck in g r o a d , a n d to p a y fo r a p p a ra tu s th e r e to fo r e Installed.
R e m a in in g b on d s ca n be Issued fo r a d d itio n s a n d b e tte rm e n ts u n d e r certain
re s trictio n s .
R e c o r d in g ta x p aid o n these b o n d s, making them tax-exempt in
New York. S in kin g fu n d o f 1 >$% o f b o n d s a u th o riz e d fro m 1917 t o 1922;
1922 to 192 9, 2 % ; 1929 to 1939, 3 % .
B o n d s are s u b je c t t o call as a
w h ole a t 106 a n d Interest o n a n y Interest d a y . V . 8 9 , p . 1140.
D I V I D E N D S .— In itia l s e m l-a n n . d lv . o n p r e f., 1 M%, p a id F e b . 1 1911;
A u g ., K % ; n o n e sin ce t o S e p t. 1912.
E A R N I N G S .— F o r 12 m o n th s e n d in g J u n e 30 1912, gross, $47 1,22 9; n et,
$ 1 5 4 ,0 5 1 ; ln t., ta x es, & c., $1 3 2 ,3 6 2 ; su r p ., $21 ,6 8 9 . In 1910-11, gross,
$46 9,42 7; n et, $ 16 8,32 3; ln t ., ta x e s, & c., $11 7,93 1; s u rp ., $50 ,392 .
R O A D .— O p era ted b y th ird -rail s y ste m fro m H u d son via R en sselaer to
A lb a n y .
C om p rises 37 m iles o f m ain line an d 9 m iles o f sidin gs, w ith 2
a d d itio n a l m iles o f o v e r h e a d tr o lle y ro a d In H u d s o n . T o ta l, 61 m iles o f
tr a c k .
In F e b . 1900 m a d e c o n t r a c t g iv in g It p rivilege t o enter A lb a n y o v e r
th e track s o f th e U n ited T r a c tio n o f A lb a n y .
D o u b le -tra ck in g o f ro a d be
tw een R en ssela er a n d K In d e rh o o k L a k e c o m p le te d In 1910. O perates 30
passenger ca rs , 14 freig h t a n d express cars, 2 s n o w -p lo w s and 3 e le ctr ic lo co
m o tiv e s .
R a lls 70 a n d 8 0 -lb . steel; sta n d a rd g a u g e . S u p plies ligh t and
p o w e r a lo n g r o u te . A ls o ow n s th e h ig h w a y to ll b rid ge o v e r H u d s o n R iv e r
a t A lb a n y .
O F F I C E R S .— P re s ., It. A . C. S m ith ; S e c. & T r e a s ., I. W . D a y ; G en.
M g r ., R . H . S m ith .— V . 89. p . 720, 1140, 1222, 1346; V . 9 2 , p . 133 , 185;
V . 94, p. 122.
[V O I. LXXXXV.
R A IL W A Y S
R O A D .— O perates a m o d e rn h ig h -sp e e d e le ctric r a ilw a y o v e r lines
w hich co m p rise a c o n tin u o u s ro u te fro m and In clu din g the c it y o f Paris In
Illinois th rou gh th e c it y o f T erre H a u te a n d tow n s o f B razil. G reen ca stle,
A m o , C la y to n an d P lain field, t o the c it y o f In d ia n a p o lis, an d then ce th rou gh
the tow n s o f G reen field, K n lg h ts to w n , N ew C astle a n d C a m b rid ge C ity , to
the c it y o f R ic h m o n d In In d ian a; also a line ru n n in g so u th fro m I n d ia n a p
olis t o M artin sville, I n d .; a line ru n n in g w est fro m In d ian ap olis t o D a n v ille ,
I n d .; a lin e ru n n in g n o rth w e st fro m In d ia n a p o lis t o L a fa y e tte , w ith a
bra n ch to C raw ford svllle; a line ru n n in g n o r th w e st fro m In d ia n a p o lis d ir e ct
t o C ra w fo rd sv llle and fro m T erre H a u te a lin e n o rth t o C lin ton , I n d ., an d a
line so u th t o S u lliv a n , I n d . A ls o op e ra te s th e c it y lines In I n d ia n a p o lis ,
Terre H a u te an d R ic h m o n d . T o ta l m iles In single tr a c k : c it y lin es, I n d i
a n a p o lis, 1 32 .87; T e rre H a u te . 2 6 .3 9 ; a n d R ic h m o n d , 9 .7 1 ; t o ta l, 16 8 .9 7 ;
in teru rb an lines, to t a l, 388 .
G rand t o t a l, en tire s y s te m , 5 56 .97 m iles.
O F F I C E R S .— P re s., R o b t . I . T o d d ; V .- P s ., M arshall S . M o rg a n , E . B .
P e c k a n d Jo h n J . A p p e l; S e c . & T r e a s ., J o s . A . M cG o w a n .
Directors.— R o b t . I . T o d d , R a n d a l M o rg a n , W . K e ls e y S c h o e p f, H a r ry
S . N e w , J . J . A p p e l, J o s . A . M cG o w a n a n d E . B . P e c k . V . 8 4 , p . 8 6 9 ,
997; V . 88, p . 296; V . 90, p . 1103, 1240. 1364, 1491, 1555; V . 91, p . 7 1 8 ;
V . 92, p . 396, 1375; V . 94, p . 209, 156 7.
(1) In d ia n a p o lis T ra ctio n & T erm inal C o .
In A p ril 1910 c o n tr o l w as a cq u ire d b y th e T erre H a u te In d ia n a p o lis <Ss
E astern T r a c tio n .
V . 9 0 , p . 1101, 1239.
O R G A N I Z A T I O N .— In co rp o ra te d In In d ia n a o n A u g . 4 1902 w ith
$500,000 c a p ita l, w h ich w as Increased In J a n . 1903 t o $ 5 ,0 0 0 ,0 0 0 t o
lease th e In dian ap olis S t. R y . a n d t o p r o v id e te rm in al facilitie s fo r all
Interurban e lectric road s n o w e n te rin g o r y e t t o enter In d ia n a p o lis .
F ran
chise Is fo r 31 years, un d er th e term s o f w h ich th e c o m p a n y Is t o p a y t h e
c ity 4 cen ts per car fo r th e first 11 ye a rs, 6 ce n ts fo r th e n e x t 10 yea rs and 9
cents fo r the rem ain ing 10 years. O n D e c . 29 1902 leased fo r 31 y ears th e
Indianap olis Street R y . V . 7 5 , p . 1301.
In terurban railw ays e n ter th e c it y u n d e r agre e m e n ts b y w h ich th e y p a y
3 ce n ts per passenger fo r all passengers carried In th e c it y lim its an d an
ad d itio n a l 1 ce n t fo r th ose usin g the term in al s ta tio n .
V . 8 1 , p . 264 .
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Last Dlv.
S t o c k , $5,000,000 _ ...... ................................... ............ $5,000 000
J tlly ’ 12 2 %
1st m o r t., $ 5 ,0 0 0 ,0 0 0 , g o ld ) 1903
5 g A -O
4 ,8 5 0 ,0 0 0 J a n . 1 1 0 3 3
($1,000), s. f ...................c*]ln t. at Guaranty Tr.
B o n d s.— $15 0,00 0
are
reserved
&S. D. Co., Phlla., Tr.
fo r e x ten sion s an d
b e tte rm e n ts.
A
sinking fund p ro v id e s fo r th e p a y m e n t a n n u a lly o f 1 1 - 5 % o f b o n d s o u t
sta n d in g, In clu din g th ose In th e sin kin g f u n d . See V . 7 6 , p . 108 5.
Bon ds
m a y be d ra w n fo r .-Inking fu n d a t 102 M a n d Interest a n d are s u b je c t to call
a t th a t p rice . See V . 8 1 , p . 264.
Dividends.— First d iv id e n d on s to c k . 1 % . w as p aid D eo. 31 1908: In
1909, 2 % ; In 1910, 2 % ; In 1911, 5 % : In 1912, J u ly , 2 % .
R O A D , & C.— H as co m p le te d 18.75 m iles o f single tra ck a n d ow n s 9 -s to ry
o ffic e a n d term inal b u ild in g , train -sh ed s a n d 3 freig h t d e p o ts ce n tra lly
lo ca te d In In d ia n a p olis; also real estate o n w h ich sam e arc c o n stru cte d .
T h is term in a l Is used b y all Interurban roa d s (13 In nu m ber) en terin g In d i
a n a p olis. O w ns electrica l a n d steam e q u ip m e n t o f 7,0 0 0 k. w . c a p a c ity .
H as 110 d o u b le -tru ck closed a n d 35 d o u b le -tru ck o p e n c it y cars. A ls o
leases th e In d ia n a p olis S treet R y .
EARNINGS.— For calendar years:
Year— Gross.
Net.
Charges.
Surplus. Dividend. Balance.
1911 ______$3,24 2 ,7 8 4 $1 ,5 4 8 ,1 0 2 $ 1 ,2 9 2 ,8 4 8 $25 5,25 4 $ 25 0,00 0
$5,254
1910 ........... 3 ,1 4 1 ,2 1 3
1 ,574,076 1,26 1 ,5 0 4
3 12 ,572
100,000 2 12 ,573
1909 .......... 2 ,8 6 1 ,2 8 3
1 ,541,045 1,24 4 ,6 1 6
296 ,420
100,000 196 ,429
O F F I C E R S .— P re s., R o b t . I . T o d d ; V . - P . , E . B . P e c k ; V . - P . , J o h n J .
IN D IA N A P O L IS , IN D .
A p p e l; V .- P ., M arshall S . .Morgan; S e c. & T r e a s ., W . F . M llh o lla n d . V . 8 1 ,
B R O A D R I P P L E T R A C T I O N .— A trolley road.
p . 264; V . 82, p . 627; V . 83. p . 1411; V . 8 7 , p . 166 4. V . 90, p . 1101, 1239;
O R G A N I Z A T I O N .— O rganized as su ccessor t o th e In d ia n a p o lis & B road
V . 94, p . 207.
R ip p le R a p id T ran sit C o . sold a t foreclosu re J u ly 1899. T h e In d ia n a p o lis
(a) In dian ap olis Street R y .— A tr o lle y syste m .
S treet R y . ow n s a b o u t 7 5 % o f s t o c k , b u t o rg a n iz a tio n s e p a ra te .
R o a d Is
O R G A N I Z A T I O N .— In corp orated In In d ian a M arch 7 1899.
A ft e r
Join tly o p e r a te d b y th e U n ion T r a c . C o. o f I n d ia n a .a n d th e In d ia n a p o lis
a cqu irin g th e C itizen s’ Street R R . o f In dian ap olis an d the C ity R a ilr o a d ,
T r a c tio n & T erm in al C o.
m ade a c o n tr a c t w ith the C ity o l In dian ap olis agreeing to su rren d er t h e
STOCK AN D BO N D S—
Date.
Interest. Outstanding. Maturity
rights and franchises o f b o th com p a n ie s an d a c c e p t a new fra n ch ise r u n n in g
S to c k , $10 0,00 0 (par $ 1 0 0 ) _________________________
$10 0,00 0 ....................
o n ly th irty -fo u r years. T h e c o n tr a c t also p ro v id e s th a t cash fares are n o t
M tg. g o ld , $40 0,00 0 ($1,000)C* (1899
5 g J -J
4 0 0 ,0 0 0 J u ly 1 1 9 3 3
to ex ce e d five ce n ts, w ith free transfers, an d tick e ts are t o be sold at th e rate
l i n t , at G u ar. T r . & S .D .C o ( P h lla .), T ru s.
fo r tw e n ty -fiv e cen ts and tw e n ty -liv e fo r o n e d o lla r.
Bonds.— A r e gu a r. p. & 1. b y I n d . S t. R y . N o . s . f .. and b o n d s c a n n o t o f Tsix
h e c o m p a n y also bin d s Itself t o p a y o v e r t o th e c it y (w h ich Is t o e x p e n d
b e c a lled . T h e I n d . N o r. T r a c . C o . (s u b s e q u e n tly co n s o lid a te d w ith th e It on th e p u b lic w ork s) the sum o f $30 ,000 y e a rly from 1899 t o 192 5, and
U n ion T r . C o. o f I n d .) gu aran tees p . & 1. o f h alf ($ 2 00,000) o f th e b o n d s
$50,000 yearly from 1926 t o 1932, in clu siv e , the c o n tr a c t e x p irin g In 1 9 3 3 a n d h alf o f th e Interest o f rem ain in g $20 0,00 0 b o n d s u n til M ay 1913.
see V . 68, page 723. T h e c it y gets th e rig h t t o purch ase th e p r o p e r ty " a t
R O A D .— 7 y% m iles o f tr a c k fro m In d ia n a p o lis t o B r o a d R ip p le P a rk .
a n y tim e w ithin tw o years and n o t later th a n on e y ear be fo re th e e x p ira tio n
O F F I C E R S .— P r e s ., R o b e r t I. T o d d ; S e c ., J o s . A . M cG o w a n ; T r e a s ., o f this c o n t r a c t.” n o th in g t o be p aid fo r th e va lu e o f th e fra n ch ise.
Law
E . B. P e c k .
V . 69, p . 180; V . 7 3 . p . 137, 183; V . 7 8 , p . 1167.
sustained M ay 1902. V . 74, p . 936.
A s to th e th ree-cen t fare case, w h ich th e U . S. C ou rt o f A p p e a ls d ecid ed
In fa v o r o f the C itizen s’ C o . In D e c. 1897, see S u p p lem en t o f N o v . 1 8 9 8 , and
TERRE
H AUTE
IN D IA N A PO L IS
& EASTE R N TR A C T IO N .
V . 64, p . 842, 1180; V . 65, p . 51. 181, 1172.
O R G A N I Z A T I O N .— In c o r p o r a te d In In d ia n a on M arch 23 1007 and
G uarantees the ($400,000) bon d s o f B ro a d R tpp lo T ia c t io n C o ., and ow n s
a cq u ire d b y p u rch a se (1) In d ian ap olis & E a stern R y .; (2) In d ia n a p o lis
75 % o f Its s to c k .
Coal T r a c tio n ; (3) In d ia n a p o lis & W estern T r a c tio n ; a n d (4) R ic h m o n d
Lease.— O n D e c. 29 1902 w as leased t o th e In dian ap olis T r a c tio n & T e r
S treet & In teru rb a n R y .
m inal C o. fo r 31 years. See V . 7 5 , p . 1 30 1. Lease p ro v id e s fo r d iv id e n d o f
O n M arch 25 1907 leased th e T erre H au te T ra ctio n & L ig h t C o . fo r 999
1 % Jan . 1 1003, then 3 % In sem i-ann ual Installm ents for first y e a r, 4 % for
years (see term s under th a t co m p a n y b e lo w ), an d In A p ril 1907 leased fo r
999 years th e In dian ap olis & N orth w estern T r a c tio n an d th e In d ia n a p o lis & se co n d y e a r, 5 % fo r th ird y ear an d 6 % a fte r J u ly 1900.
STO C K A N D BO N D S—
Date.
Interest. Outstanding. MalurUyAc
M artinsville R a p id T ran sit (see term s und er re sp e ctiv e c o m p a n ie s ).
J-J
$5 ,0 0 0 ,0 ('0 J u l y ’ 1 2 .3 %
In A p ril 1910 p u rch a se d 4 6 ,7 1 7 o f th e 5 0,000 shares o f th e s t o c k o f the Capital sto ck ( $ 1 0 0 ) ................................
1899
4 g J-J
6.000,000 Jan. 11933
Indianap olis S t. R y . gen.
In d ia n a p o lis T r a c . * T e r m . C o ., g iv in g Its ow n c o m m o n a n d p r e f. s to ck
Safe Deposit Co.,
M.
$6,000,000 .
gold Interest at Guar. Trust
In e x c h a n g e ( V . 90, p . 1103, 124 0); an d sin ce th a t tim e has a c q u ir e d the
*
($
1
,0
0
0
),
g
u
ar..................c
Phlla.,
Trustee.
b a la n ce o f this s to c k e x c e p t d ir e cto r s ’ sh ares.
1893
5 g M-N
4,000,000 May 11933
O n M a y 1 1912 leased fo r 999 years th e In d ia n a p o lis C ra w fo rd sv llle & C itizen s' S t. R y . 1st M .,
Central Trust Co., New York, Trustee.
$4,000,000 g o ld ................. c*
D a n v ille E le c . R y . (see term s u n d er la tte r c o m p a n y b e l o w ) . V . 94, p . 1567.
140,000 See text.
Franchises.— In a lette r t o ban kers In M a y 1910, P re sid e n t o f th e c o m E q u ip , certificates Series " A ” 1909 5 M-N
$20 0,00 0 ($ 1 ,0 0 0 ).................. Fidelity Tr. Co., Philadelphia, trustee.
p a n y said: " T h e great m a jo r it y o f th e fra n ch ises u n d er w h ich th e s y s te m Is
1911
5
J-J
8 5 ,0 0 0 See t e x t.
E
q
u
ip
,
certificates
Series
“
B
”
o p e ra te d e x te n d w ell b e y o n d th e life o f these b o n d s [1st & r e f. m t g e .]. T h e
$100,000
,
__________________________F id e lity T r u s t C o ., P h ila d e lp h ia , tru stee.
franchises
'
In the c it y o f' In d ia n a p o lis e x p ire In 1 9 3 3 .”
In terest on C itizen s’ co n so ls at F o u rtn S treet N a t. B a n k . P h iladelph ia.
M a tu rity
STOCK AN D BON DS—
Date.
Interest. Outstanding.
T h e m ortg age o f 1899 w as fo r $ 7 ,0 0 0 ,0 0 0 , b u t $ 1 ,0 0 0 ,0 0 0 has been c a n
...............
$ 9 ,1 0 0 ,0 0 0
......................
C o m m o n , $ 1 2 ,5 0 0 ,0 0 0 t $ 1 0 0 ) . . ____
ce le d . N o bo n d s reserved fo r th e C itizen s’ co n s o ls. T h e c o m p a n y b in d s
P r e fe r re d ,$ 1 2 ,5 0 0 ,0 0 0 ( 5 1 0 0 ) ..............
Q -J
9 ,1 0 0 .0 0 0 O c t . '1 2 1 M Itself t o p a y t o th e In d ian a T ru st C o . a su m an n u a lly su ffic ie n t t o red eem
1st & ref m o rtg a g e $8,000,0001 1910
5 A -O
6 ,5 0 0 ,0 0 0 A p r 1 1945 at m a tu rity the greater p a rt o f th e en tire Issue o f In d ia n a p o lis Street R y .
g o ld ($ 1 ,0 0 0 ) s f -------------c* l n t . a t F id e lity T ru st C o ., P h lla ., T ru ste e . b o n d s; this p rovision Is gu aran teed b y th e In d ian ap olis T r a c tio n & T e rm in a l
1902
5 g J -J
See t e x t J u ly 1 1927 C o. S ee V . 70, p . 542. E q u ip , ce rtifica te s Series " A ” m atu re $ 10 ,000 on
In d & E a st 1st con s M ,$ 1 ,0 0 0 ,000, g o ld ($ 1 ,0 0 0 ), s f — c* l n t . a t M ercantile T ru st C o ., N . Y . , o r at M ay 1 a n d N o v . 1ea ch y ear until p aid In fu ll.
$ 6 0 ,0 0 0 h a v e b e e n retired
Central T ru st C o ., In d ia n a p o lis , T ru stee T h e y c o v e r p u rch ase o f 54 new ca rs. V . 88, p . 1499. Series “ B ” m atu re
In d . & G reen . 1st M ., $ 3 0 0 ,-f 1899
5 g J-J
188 ,000 J a n . 1 1929 $ 5 ,0 0 0 o n J a n . 1 a n d J u ly 1 in each y e a r until p aid In fu ll. $ 1 5 ,0 0 0 h a v e
000 ($ 1 ,0 0 0 ), g o ld .......... c* ( ln t . at C lt. S avin gs & T ru st C o ., T r ., C le v c .,
been re tire d . T h e y c o v e r p u rch ase o f 25 new cars.
I o r at First N ation a l B a n k . N ew Y o r k C ity .
Stock and bonds listed on Phlla Stock Exchange
V. 69, p. 851.
Stock.— P r e f. s to c k Is 5 % c u m . a fte r J u ly 1 1910. S h o u ld c o m . a t a n y
R O A D .— O perates 116.69 m iles o f tr a c k , w ith 350 ca rs. 9 0 -lb . rail.
tim e p a y 6 % , p ref. w ill p a y the sa m e. V . 90, p . 1555
O F F I C E R S .— P re s ., G eorge B row n , In dia n a p o lis; 1st V .- P ., H . S .
Bonds.— R em a in in g 1st & re f. b o n d s are reserved fo r a d d itio n s a n d Im
H en ry
p r o v e m e n ts u n d er ca refu l re s trictio n s . C allable as a w h o le o n a n d after N ew ; 2d V lc e -P r e s .. J oseph S. N eff. P h iladelph ia; .See, and T reas
Jam eson; A sst. S e c. a n d A sst. T r e a s ., C. E . M organ 3 d . P h ila d e lp h ia , and
A p ril 1 1915 a t 105 an d ln t ., o r In p a rt, fo r sin k in g fu n d o n ly , a t 102
W
.
F
.
M
llh
ollan
d
.
In
d
ia
n
a
p
o
lis
.—
V
.
79,
p
.
151;
V
.
8
8
,
p.
1499.
a n d ln t. o n a n y ln t . d a te .
S . f. $ 5 5 ,0 0 0 p . a . first 5 years an d $10 6 ,6 7 5 p . a. th erea fter; bo n d s
(2) Terre H au te T ra ctio n & L igh t C o .
a cq u ired fo r s. f. to be h eld a liv e an d ln t. a d d e d t o s. f.
V . 90, p . 1491.
Leased.— In M arch 1907 w as leased t o th e T e rre H a u te In d ian ap olis &
O f th e $ 1 ,0 0 0 ,0 0 0 I n d . & E a s t, co n so ls a u th ., $ 3 0 0 ,0 0 0 are rese rv e d to
E astern T r a c . C o . fo r 999 y e a rs. T h e la tte r c o m p a n y g u aran tees 6 % on
retire th e I n d . & G reen field 1st 5s, $ 21 ,000 h a v e been ca n ce le d b y sin k . fu n d . the o u ts ta n d in g p r e f. s to c k an d 2 % o n c o m m o n fo r 1
ye a rs, 3 % fo r
O f th e rem a in in g $67 9 ,0 0 0 o u t , $57 7 ,0 0 0 are o w n e d b y T e rre H a u te I n d . & 1 y e a i, 4 % fo r 1 y e a r, an d 5 % th ereafter, an d $ 1 ,0 0 0 per y ear fo r organ i
E a st T r a c . A sinking fund. 1 % o f bo n d s o u t , b egan J u ly 1 1908. F u n d Is z a tio n exp en ses. V . 84, p . 750.
to be Invested In th e c o m p a n y ’s b o n d s If th e y ca n be b o u g h t a t n o t m ore
T h e T erre H au te I n d . & E a s t. T r a c . o w n s all th e c o m m o n s to c k ex cep
th a n 105 a n d ln t.
B on d s c a n n o t be c a lle d . See V . 7 5 , p . 3 4 2 . O n the d ire cto rs ’ shares.
I n d . & G reen field b o n d s, $ 12 ,500 Is p a y a b le y e a r ly t o a sin k in g fu n d begin
O R G A N I Z A T I O N .— Is a c o n s o lid a tio n in 1004 o f th e T erre H au te E le c
ning O c t . 1 1904, w ith w h ich bo n d s b e gin n in g w ith N o . 1 arc bein g pur
tric C o . and th e T erre H au te E lectric T r a c tio n C o .
P rin cip al r a ilw a y
ch a sed a t 105 an d a ccru e d ln t.; $ 11 2,00 0 h a v e be e n so p u rch a s e d .
Dividends.— In itial d l v ., 1 ) 4 % , o n p r e f. p a id O c t. 1910; sa m e a m o u n t franchises e xp ire 1952; p rin cip a l lig h tin g franchise p erpetu al; o th e r fran
chises a v e ra g e 30 years fro m Jan . 1 1906. L eases T e rre H a u te & W estern
q u a r. sin ce to a n d ln c l. O ct. 1912.
R E P O R T .— F o r entire system fo r ca le n d a r yea rs 1911 a n d 191 0. R e p o r t R a il a y Co.
3T O C K A N D B O N D S—
Date.
Interest. Outstanding.
M aturity.
fo r 1909-10 Is fo r y e a r e n d in g M arch 31.
1911.
1910.
1909-10.
C o m m o n , $ 2 ,000,000 ($1001 . _______
M -S
$ 2 ,0 0 0 ,0 0 0
See t e x t.
G ross e a r n in g s ......................- ............................ $ 5 ,9 5 1 ,2 9 2 $ 5 ,8 4 0 ,3 8 5 $ 5 ,4 5 1 ,1 7 5
8 3 2 ,6 0 0 S e p t '1 2 , 3 %
Pref , $1,000,000 ($100) 6% cu . . .
M-S
O p era tin g exp en ses a n d t a x e s __________ 3 ,4 9 7 ,1 6 2
3 ,3 3 9 ,8 0 5 3 ,0 1 9 ,5 5 3
First c o n s . m tg e . $5,000,0001 1904
5 g M -N
. 0 4 ,0
. . 0. .0 ____
3 ,2
M ay _______
1 1044
g o ld ____ _______ ____________ /I n te r e s t a t S ta te Street T ru st C o ., B o s to n .
.$ 2 ,4 5 4 ,1 3 0 $ 2 ,5 0 0 ,5 8 0 $ 2 ,4 3 1 ,6 2 2
Terre H aute E lectric 1st m tg.\ 1899
5 g J -J
1 ,5 00,000 J u ly 1 1 0 2 9
.$ 1 ,4 5 6 ,6 0 4 $1,451,091 $ 1 ,4 5 1 ,7 2 8
$1,500,000 gold ($1,000) c * ) I n t . at B o s to n S a fe D e p .A T r . C o ., B o s to n .
122,463
128,547
136,417
S in k in g fu n d §, s u b sid ia ry c o m p a n ie s ------.
Bonds.— T h e U nion T ru st C o . o f In d ia n a p o lis a n d th e B oston S afe D e p o s it
2 7,500
27,500
l n t . & sin k . f d . o n d lv is. b d s . o f this C o . ..
2 7,500
<fc T ru st C o. are Joint trustees o f th e T e r r e H au te E le c tr ic m tg e O f th e
$5,000,000 co n so ls, $1,500,000 are reserved t o retire p rior lien s. T h e new
$829,931
$893,442
. $833,609
bon d s are callab le as a w h ole at 110 and In t. on a n y in t. d a te . A sinking
$ 27 5,00 0 fund o f 1 % o ' o u tsta n d in g bon d s c o m m e n ce d M ay 1 1906. $19 0 ,0 0 0 was
$27 5,00 0
I n t . o n T . II. I. & E . T . b o n d s . . .
. $299,138
49,500
S in k in g fu n d on T . II. I . & E . T r . b o n d s ..
55,917
h eld b y this fu n d S e p t. 1 1912.
T h e U n ite d S tates T ru st C o . o f T erre
H au te and th e S ta te Street T ru s t C o .o f B o s to n are trustees o f this m tg e.
$568,942
$554,931
B a l a n c e .............................................................. $47 8,55 6
See V . 78, p . 2013.
&
Sept., 1912.]
(51
ELECTRIC RAILWAYS
INDIANAPOLIS & CINCINNATI TRACTION CO.
E ARN IN G S— For calendar years:
Year—
Gross.
Net,
Olh.Inc. Deduc.
Stntc.Fd.
Balance.
ORGANIZATION.— Incorporated In Indiana on Nov. 17 1910 as succes
1911
$l 224,582 $639,827 $1,000 $255,664 $30,617 $354,546 sor to the old Indianapolis & Cincinnati Trac. Co., sold at foreclosure Nov. 10
}o „ ............ 1 221 307 614 757
1,000
255,440
30,880
329,437
1910. V. 91, p. 1385, 1025.
l o o - ) : : : : : : : 1 :0 7 2 : 1 7 0 5 4 2 : 4 3 6
1 ,0 0 0
2 4 5 .4 2 1
3 0 ,6 6 3
2 6 7 ,3 5 2
In 1911 acquired the Indianapolis & Southeastern Trao. Co. (all of whose
ROAD.— Embraces 100.25 miles of track In Terre Haute, Including lines com. and $30,000 1st M. bonds the old Indianapolis & Cincinnati Trac. Co.
from Terre Haute to West Terre Haute, Clinton, Brazil, Sullivan, Ind., had owned and to which company the Ind. & Southeastern was leased) and
canceled Its com. stock. V. 92, p. 881,956. Private right of way except In
and Paris, 111. Ralls. 60 to 80 lbs. 95 cars.
OFFICERS.— Pres., W. R. McKeen, Terre Haute; V .-P ., Robt. I. Todd, cities and towns. County franchises perpetual. Franchises In cities and
towns are for 50 years (the oldest being dated 1904), except In Indianapolis,
Sec. & Treas., Joseph A. McGowan; Asst. Sec. & Treas., E. J. Davis.
which Is for 34 years from 1900. Has contract with Indianapolis Traction
V. 84. p. 750: V. 90, p. 1555.
& Terminal Co. for 31 years allowing Its cars to enter Indianapolis.
Term Haute & Western Ry. Co.— An elcctrlo road.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Leased to Terro Haute Traction & Light Co. for 999 years from Nov. 1907.
$2 ,0 0 0 , 0 0 0 ..............................................
$2 , 0 0 0 , 0 0 0 ...................
ORGANIZATION.— Incorporated In 1907 In Illinois. Road extends Common
Pref
$1,000,000
(see
text)_________
J-J
1,000,000
In
’
ll. 1% %
from the Indiana State line near Sandford, Ind., to Paris. III., 11.6 miles. First mtge $4,850,000 ($1,-1 1910
5 J-J
1,300,000 July 1 1940
Began operation Oct. 25 1907
Is entirely on private right-of-way. Entire
c*/Interest
at
Central
Trust
Co.,
N.
Y
.,
Trustee.
000)
gold
(see
text)___
com. and pref. stock owned by Terre Haute Ind. & Eastern Trac. Co.
I & S E pf stk $600,000(3100)______
A -0
600,000 In 1911, 5%
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Ind & S E 1st M $1,000,0001 1905
5 g J-J
548,000 July 1 1935
Stock common $200,000------- -----------------5200,000 ---------------gold ($1,000)------------------- JInt. at Farmers’ Loan & Tr. C o.,N .Y ., Trus.
Preferred $150,000__________ _____
_______
150,000 ---------------- Ind Shelbyv & Southeast lstl 1902
5 g J-J
452,000 Jan 1 1932
First mortgage $250,000 gold! 1907
5 g M-N
250,000 Nov 1 1937
M $500 000 g ($1,000) s f _ ./ln t . at Amer. Tr. & Sav. Bk., Chicago. Trus.
guar p & 1 ($1,000)___ c*/Int. at New England Tr. Co., Boston, Trust.
Stock.— Ind. & CIn. Trao. pref. Is entitled to non-cum. dlvs. of 2% until
Bonds. — Are guar. p. & 1. by endorsement by Terre Haute Tr. & Lt. Co. July 1 1911, then Increasing 1% yearly to July 1 1913; thereafter 5% per
EARNINGS.— For calendar year 1911, gross. $55,006; net, after taxes, annum. Ind. & S. E. pref. Is redeemable at 105 and accrued dlv. on any
$25,547; other Inc., $500; deductions, $12,500; bal., $13,547. In 1910, dividend date. See V. 81, p. 1375.
Bonds. — Ind. & CIn. Trac. 1st M. is divided Into 3 classes. A, B and C.
gross, $54,908; net, after taxes, $26,448; other Inc., $500; deductions,
Class A, $1,300,000, all out; Class B, $200,000; and Class C, $3,350,000,
$12,500; bal., $14,448.
reserved for extensions, Improvements, &c. Entire series of bonds of each
OFFICERS.— Pres., T. F. Grover; V.-P., F. T. O’ Hair; Sec., E. J. class Is subject to call on or after July 1 1913 at 105 and Interest. As to
Davis; Treas., John E. Lamb.— V. 90, p. 1555.
. . . .
.
priority of different series, see V. 92, p. 956. Of the $1,000,000 Ind. & S. E.
(3) Indianapolis & Northwestern Traction Co.— An elcctrlo road.
bonds, $452,000 Is reserved for prior liens. They are subject to call on any
Lease — In April 1907 was leased to the Terre Haute Indianapolis & lnt. date at 105 and lnt. Of the Ind.Shelbyv. & S. E. bonds, the entire
Eastern Traction for 999 years. The latter company will pay the Interest issue may be called on any int. date at 110. A sinking fun d on these
on the bonds; also \ H % quar. or 5% per annum on the $450,000 pref. bonds of $10,000 per annum began Jan. 1 1908, for which bonds can be
stock and $500 per year for organization. V. 84. p 869.
called at 105, beginning with lowest number. $48,000 have been retired.
Entire Issue of common stock, except directors’ shares, Is owned by the
Dividends.— On pref. paid In 1911, 1 H % Terre Haute Indianapolis & Eastern Traction.
EARNINGS.— For cal. year 1911, gross, $444,924; net, $194,356; int.ORGANIZATION — Organized In 1902 In Indiana. Operates a modern taxes and dlvs. on I. & S. E. pref., $162,128; dlvs. on I. & C. Tr. pref.,
high-speed Intcrurban railroad, standard-gauge, located upon private right $17,500; surplus, $14,728.
of way outside of the city corporate limits. Extends northwesterly from
ROAD.— Operates 58 miles of track from Indianapolis via Rushvllle to
the city of Indianapolis through the cities of Lebanon and Fiankfortto the
olty of Lafayette, with a branch from Lebanon to Crawfordsvllle, each of Connersville and 47 miles of track from Indianapolis via Shelbyville to
which cities Is the county seat of Its respective county. Has trackage Grecnsburg. Total 105 miles of track. An extension from Greensburg to
Harrison, O., Is proposed. 60 and 70-Ib. T rails. 20 passenger cars and
rights to the business centres of Indianapolis and Lafayette.
The franchises run for 31 to 50 years from 1907 and permit the carrying 4 express cars.
of freight, express and mall, as well as passengers.
OFFICERS.— Pres., Chas. L. Henry. Indianapolis; V .-P ., T. F. Rose.
Muncle; Sec., John J. Appel, Indianapolis: Treas., John F. Wild, Indianap
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
olis. Office, 123-125 E. Market St.. Indianapolis.— V. 91, p. 1025, 1385:
Common. $2,550,000 ................................................ $2,550,000
..................
V. 92. p. 322, 881, 956.
Pref. ($1,000,000) 5% c u m . . ----Q-J
450,000
See text
1st mtge., $3,000,000. gold\ 1903
5 g M-S
2,470,000 Mar. 1 1923
($1,000)______________ c ’ jln t. at Knickerbocker Tr. Co., N. Y ., Trust.
IR O N W O O D , M ICH .
Bonds.— The remaining $530,000 for Improvements,&c.,at 50% and 75%
IRONWOOD & BESSEMER RAILW AY & LIGHT CO.
oi cost. No s. f., but bonds can be called on any lnt.date at 110 and lnt.
ORGANIZATION.— Incorporated in Wisconsin. Is a consolidation of
EARNINGS.— For year ending Dec. 31 1911, gross, $431,557; net,
after taxes, $164,909; other Inc., $500; deductions, $123,500; bal., $41,909; (1) the Ashland Power Co., which owns majority of stock of Ashland Light,
In 1910, gross, $428,457; net, after taxes, $168,322; other Inc., $500; Power & Street R y.; and (2) the Gogebic & Iron Counties R y. & Lt. Co.,
owner of all the stock and bonds of Twin City General Elec. Co. of Ironwood
deduct, $123,500; bal., $45,322.
HOAD.— Embraces 92.25 miles of track between Indianapolis, Zlons- and all the stocks of Gogebic Elec. Co. and Gogebic St. R y. of Bessemer.
vllle, Lebanon, Frankfort and Lafayette, Incl. a branch from Lebanon to The two latter companies have no bonds. Controls the electric light, power
Crawfordsvllle. Standard gauge: 70-lb. T-rall. Operates 20 vestibule and street railway business In Ashland, Ironwood, Bessemer and Hurley and
and 4 freight cars. Power house and car barn are at Lebanon. V. 88, the gas business In Ashland. Also owns some of the most valuable natural
water powers In Wisconsin. Franchises In Ironwood and Bessemer expire
p. 295; V. 92, p. 59.
OFFICERS.— Pros., Robt. I. Todd; V.-Ps., W . ICeslcy Schoepf, Chas. In 1941. In Wisconsin operates under Indeterminate franchise.
Wisconsin RR. Comm, has auth. the Issue $1,344,000 1st mtge. bonds, of
Murdock and Harry S. New; Sec. & Treas., Jos. A. McGowan.
which $920,000 are outstanding.
(4) Indianapolis & Alartinsville Rapid Transit Co, An electric road.
M aturity.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
Leased.— In April 1907 was leased to the Terre Haute Indianapolis &
.................
............. . $500,000
East. Trac. for 999 years. The latter co. will pay the lnt. on the bonds; also Common $500,000 ($100).................
Q-M
128.000 See text
$500 per year for organization
V. 84, p. 749. The Terre Haute Ind. & Pref $200,000 ($100) 6% cum. ----First mtge $2,500,000 gold] 1911
5 F-A
920.000 Feb. 1 1936
East, owns entire Issue of stock except directors’ shares.
sinking fund ($1,000)— c*JInt. at American Trust Co., Boston, Trustee.
ORGANIZATION.— Incorporated In Indiana on April 24 1901. Operates
Ash Lt. P & St Ry 1st mtgef 1909
5 g J-J
480,000 Jan
1939
on private right of way except In Incorporated towns.
$1,000,000 g ($1,000) .c&r( Int. at Chicago Sav. Bk. & Tr. Co., Trustee
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
l
(Leverett Thompson of Chic., co-Trustee.)
Stock, $750,000 ($ 1 0 0 )............................................
$750,000 ...................
Bonds. — Remaining Ironwood & Bessemer 1st M. bonds may be Issued
1st mtge., $750,000 ($1,000) f 1902
5 g J-J
750,000 Jan. 1 1932 for 75% of cost of new property under certain restrictions. They are sub
gold........................ c* & r.{ Union Trust Co. and Security Tr. Co. of In- ject to call on any Int. date after Feb. 1 1915 at 104 and int. for sinking fund.
l
dlanapolls. Trust.
Int. atfund
Sec.provides
Tr. Co., for
Ind.retirement of 1% of outstanding bonds beginning
Sinking
Bonds. — No sinking fund but bonds are subject to call after 10 years at with year ending Feb. 1 1916. Entire stock and bonds of Gogebio & Iron
105 and Interest. See V. 78, p. 1223.
•Counties Ry. & Lt. are deposited as additional security. See V. 93, p. 1260.
EARNINGS.— For cal. year, 1911. gross, $169,477; net, after taxes, Ashland Lt., Pow. & St. Ry. bonds are subject to call on any Int. day at
$58,471; other Inc., $500; deduct, $37,500; bal., $21,471.
104 In and after 1914. Sinking fund of 1% of bonds out began 1912.
ROAD.— Embraces 30 miles of track from Indianapolis to Martinsville,
Dividends.— 6% per annum Is being paid on preferred.
oompleted In May 1903. 70-lb. rails: standard gauge.
ROAD.— Operates 7 Vi miles of line In Ashland and also about 7 Vi miles
OFFICERS.— Prest., Robt. I. Todd; V.-Ps., W. Kesley Schoepf, Chas. In Ironwood and Hurley. An extension from Ironwood to Bessemer, 7
Murdock and John J. Appel; Sec., E. B. Peck; Treas., Jos. A. McGowan. miles. Is expected to be completed In fall of 1912.
V. 84, p. 749.
OFFICERS.— Pres., M. M. Reid, Ashland; See., Geo. F. Merrill. Ash
land; Treas., W. Louis Williams, Boston.— V. 93, p. 1260.
(5) I nd ia nap oli s C r aw fo rd s vl ll e & 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,
ISHPEMING, MICH.
p . & 1. on 1st M. bonds, 5% dlvs. on $200,000 pref. stock, and semi-annual
dlvs. on com., viz.: >4% from Nov. 30 1912 to May 31 1914; 1% Nov. 1914
MARQUETTE COUNTY OAS & ELECTRIC CO.—A trolley road.
to May 1916; 1 H % Nov. 1916 to 1918 and 2% thereafter.
ORGANIZATION.— Incorporated In Maine on Nov. 19 1906 as reor
ORGANIZATION.— Incorp. In Indiana on Apr. 20 1912 as successor
of the Marquette County Gas Light & Traction Co., sold under
to the Indianapolis Crawfordsv. & West. Trac., sold at foreclosure. Built ganization
V. 83, p. 1037. Docs gas and electrlo light business In Neentirely on private right-of-way. In cities and towns has 50-ycar fran foreclosure:
gaunee
and
Ishpeming.
chises which permit the carrying of freight, express a
w ail matter.
Franchises expire: Street railway, 1936; gas and electrlo In Ishpeming,
STOCK ANI) BONDS.—
Date.
Interest.
Outstanding. M aturity.
perpetual; In Negaunee, gas, 1933; electrlo light, 1921.
M-N
$400,000
See text
Common $400,000 ($100)-------- -----$200,000 of debs, formerly outstanding have all been canceled and a
I’ rcf $400,000 5% cum ($100) . ----J-D
200,000
See text new Issue of preferred stock has been made.
First mtge $2,500,000 gold) 1912
5 g M-N
1,000,000 May 1 1952
STOCK
AND BONDS—
Date.
Interest. Outstanding.
M aturity.
(SI 000) guar p A I -.c& r/In t. at Girard Trust Co., Phlta., trustee.
$750,000 __________
Common $750,000 (S1 0 0 )....................................
Bonds. — Of remaining 1st mtge. bonds, $1,000,000 are for extensions Pref 6% cum $250,000 ($1 0 0 ) - .......
..........
125,000
__________
and $500,000 to be Issued only under certain conditions. SubJ. to call as First mtge $1,000,000 gold! 1910
6 J-J
315,000 Jan 1 1930
a whole but not In part at 102 'A and lnt. on any lnt. day. Sk. fd. of $0,000
($1,000)---------------------- c ’ /ln t. at First Tr. & Sav. Bk., Chic., Trustee.
per ann. on Initial $1,000,000 bonds out commencing Mch. 1 1913. When
Bonds. — First mtge. bonds are reserved under certain restrictions for
add'l bonds are Issued fund shall be Increased by such amt. as will retire Impr’ ts and extens. at 85% of cost thereof. Sinking fund of 1% of bonds
2-3 of such add'l bonds Issued.
out from 1913 to 1915, Inch, from 1916 to 1929, Incl., 2% yearly. Red. at
ROAD.— Operates 45.10 miles of road between Indianapolis and Craw- 105 and lnt. on any Int. day. V. 91, p. 1767.
fordsvllle. Standard gauge. 70 and 85-lb. T rails. An extension from
EARNINGS.— For calendar year 1911, gross, $124,455; net, $39,256
Crawfordsvllle to western boundary of Indiana cast of City of Danville,
ROAD.— Operates 4 Vi miles of track In and between Negaunee and
Ind., Is proposed.
OFFICERS.— Pres., John ,J. Appel; V.-P., Marshall S. Morgan; Sec. & Ishpeming.
OFFICERS.— Pres., L. E. Myers; V.-P. & Gen. Mgr., W. J. McCorklnTreas., Jos. A. McGowan; Gen. Mgr., Robt. I. Todd. V. 94, p. 1449, 1565, dalc, Ishpeming; Sec. & Treas., W. It. P. Weston, 1117 Monadnock Bldg.,
1695.
Chicago.— V. 91, p. 1767; V. 94, p. 279, 351.
I N D I A N A P O L I S N E W C A S T L E & E A S T E R N T R A C T I O N CO.
ORGANIZATION.—Incorp. In Indiana on June 10 1912 as successor to
tlu: Indianapolis Newcastle & Toledo Elec. Ry., sold at foreclosure. Has
prlvarc right-of-way minimum width 66 ft., except In corporate limits,
where shortest franchise expires Apr. 7 1933. Under favorable contract
with Ind. Trac. & Term. Co., extending to 1933, operates through city Into
Indianapolis Intcrurban terminal.
STOCK AND BONDS.
Date.
Interest. Outstanding.
M aturity.
Common $500,000 ($100)--------------$350,000 ---------------Pref $500,000 5% cum ($10()j..........
.............. ..
350.000 __________
First mtge $1,500,000 gold) 1912
6 g J-D
800.000 June 1 1919
($1,000)__________ ____ c*/In t. at Fidelity Tr. r o-, Phlla., trustee.
Bonds. — Of remaining 1st M. bonds, $100,000 may be issued upon ful
filment of certain covenants, and balance for 75% of cost of extensions,
linpts., betterments or acquisition of unencumbered properties. Red. ns a
whole (but not less) on any Int. date on 8 weeks’ notice at 101 A and lnt.
V. 91, p. 1695. No sinking fund.
EARNINGS.— For 12 mos. end. June 30 1912, gross, $151,110; net,
$56,427; Int.,and taxes, $35,352; surp., $21,075.
ROAD.— Owns and operates 42 miles of high-speed Intcrurban railway
extending easterly from Indianapolis to Newcastle. Standard gauge.
70-lb. T and 90-lb. girder rails. 6 combination pass, and baggage and 2
express cars. An extension from Newcastle to Muncle Is proposed.
OFFICERS.— Pres., John P. Todd; V.-I’ ., C. Edgar Elliott; Sec., Will
Winter; Treas., Geo. B. Elliott; Gen. Mgr., M. E. Graston.— V. 94, p. 1565,
1626, 1695.}
ITHACA, N. Y.
ITHACA STREET RAILW AY.
Receivership .—On Jan. 6 1912, In action brought by Knickerbocker Tr.
Co. under the 1st consol, mtge., John W . Dwight and Roger B . Williams Jr.,
were appointed receivers for the Ithaca St. Ry. V. 94, p. 123. The N. Y.
Auburn & Lansing, an allied steam road, Is also In the hands of same re
ceivers. 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 II. W . Fltz, Chairman, Pawtucket, R. I. Up to Sept.
1912 no definite plan of reorganization had been formed.
ORGANIZATION.— Chartered Nov. 18 1884. In June 1908 acquired
the stocks of the Cayuga Lake Elec. Ry. and Ithaca & Cayuga Heights R y.,
which roads were formerly leased. In June 1907 the New York Railroad
Commissioners authorized a new mortgage for $750,000 as below.
Franchises granted May 13 1908 are for 99 years and cover double-tracked
portion of road. Other parts of system private right of way or franchises
perpetual.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
.................
$325,000
1908,4%
Stock. $325,000 (par $100).......... .
Consol, mortgage. $750,000,1 1907
5 g J-J
475,000 July 1 1957
g o l d ------------------ --------c* lin t, at Knickerbocker Trust Co., N .Y ., Trus.
First mortgage. $175,000------1 1892
6 J-J
175,000 July 11922
lin t, payable at Farmers L. & Tr. Co., N. Y.
S e co n d mortgage, $75.000----- 1894
6 J-J
75,000 July 11922
Cayuga Lake Elec 1st mtge gu. 1894
6 J-D
25,000 June 1 1922
62
ELECTRIC RAILWAYS
Bonds. — No more bonds of 1907 can be Issued except to retire prior liens.
They are subject to call at 107. No sinking fund. They are guar,, p. & 1.,
by N. Y . Auburn & Lansing R R .
ROAD.— Owns and operates 8.29 miles of track. Ralls 80-lb.
OFFICERS.— Pres., A. H. Flint; V.-P., Chas. W. McChesney; Sec. and
Treas., H. A . Clark.— V. 84, p. 1307; V. 85, p . 40; V. 04. p. 123.
JACKSON, MICH.
[V O L . LXXXX V
Stock.— Of the stock reported outstanding above, $1,800 pref. and
$100,000 com. Is held In treasury.
Bonds. — Of the 1st consol, bonds, $1,250,000 are reserved to retire Jack
sonville Elec. 1st M. and $3,000,000 are for additions and Impts. at 80% of
cost. Subj. to call as a whole or in part for sink, fu n d at 105 and Int. Sink,
fund 1% per annum of bonds out begins March 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. Jund of 1% annually of bonds out commenced May 1
1907, which may be used either for exten. and Impts. or in purch. of bonds.
Dividends.— On old Elec. Co. com. 6% annually from Aug. 1 1905 to
Aug. 1 1910, when rate was Increased to 7% and same amount paid to Feb.
1911. On new 7rac. Co. com. Initial dlv.— I H % — paid In May 1911; Aug.,
1M % ; Nov., 1 H % . In 1912, Feb., 1 K % ; May, 1 3A % ; Aug., 1 H %
Nov., 1 Vx%.
EARNINGS.— For 12 mos. ending June 30 1912, gross, $579,363; net,
after taxes, $217,564; lnt., $100,311; impt. fund, $12,500; bal., $104,753
ROAD.— Operates 43.6 miles of track. Has 90 cars. Rails, 40 to 70
lbs. Gauge, 5 ft.
OFFICERS.— Pres., Geo. J. Baldwin, Savannah, Ga.; 1st V .-P ., Chas. F.
Wallace; 2d. V.-P., Harry H. Hunt; Treas., Henry B. Sawyer; Sec.,Alvah
K. Todd; Mgr., Hardy Croom, Jacksonville, Fla.: Gen. Mgrs. and Transfer
Agts., Stone & Webster, Boston.— V. 92, p. 881, 1564.
MICHIGAN UNITED TRACTION CO.
All the stock Is owned by the Mich. Rys. Co., which company was Incorp. In Maine In Dec. 1911 (V. 94, p. 68) with $10,000,000 ($100) auth. stk.
ORGANIZATION.— Incorp. In Dec. 1911. Stock $100,000. Leases
the Mich. United Rys. for 999 years. On March 18 1912 the Mich. Ry
Engineering Co. was incorp. In interest of Mich. United Trac. Co. to take
care of Its repair and construction work. V. 94, p. 1317.
OFFICERS.— Pres., B. C. Cobb, New York; V.-Ps., Frank Sllliman Jr.,
Phlla., and John F. Collins, Jackson; Treas., J. W. Glcndenlng, Jackson;
Sec., Robert Morrison Jr., Jackson; Asst. Sec. and Asst. Treas., S. E. Wolf,
N. Y — V. 94, p. 631, 698, 1317.
(1) Michigan United Rys.— A third-rail and trolley system.
ORGANIZATION.— Incorporated In Michigan on March 31 1906 and
on May 1 1906 took over the Michigan Traction Co., the Michigan Traction
Extension Co., the Jackson & Battle Creek Traction Co., and the Lansing &
Suburban Traction Co. The Lansing & Jackson Railway Co. has also been
JAMESTOWN, N. Y.
deeded to the Michigan Un. Rys. In Oct. 1907 the Lansing So. Ry. was
Incorporated as a subsidiary company to build two miles of electric railway
JAMESTOWN STREET R A IL W A Y — Trolley.
through Mason, Mich. Stock, $50,000.
ORGANIZATION.— Incorporated Oct. 18 1883. Franchise runs till 1982.
In 1908 purchased Jackson Consolidated Traction Co. V. 84, p. 1183,
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
and V. 87, p. 285. Latter company’s franchises In Jackson expire In 1960.
$250,000 ...................
The city of Jackson has the right to purchase the Jackson Consolidated Stock, $250,000 (par $50).....................................
1st mortgage $300,000 gold] 1893
6 g J-J
300,000 Jan 2 1923
Trac. at an appraised value In 1930 and each 5 years thereafter.
($1,000)______________ c*JInt. at Guaranty Trust Co., N. Y ., Trustee.
In April 1911 leased for 5 years the Kal. Lake Shore & Chic. R y., which
_______
1,198,711 __________
operates a steam line between Kalamazoo and South Haven, about 54 miles, Current liabilities June 30 1 9 1 2 ____
and (during the summer only) from South Haven to Paw Paw Lake, 17m .,
EARNINGS.— For year ending June 30 1912, gross, $225,077; net,
and will equip It for electric operation. It is stated thatroad will be extended $33,007; other Income, $14,259; charges, $99,916; deficit, $52,650.
to Benton Harbor and fast boat service between that city and Chicago In
ROAD.— Owns 24.643 miles of track, 55 cars, 2 sweepers.
augurated. v . 92, p. 1178.
OFFICERS.— Pres., A. N. Broadhead; V .-P ., L. B. Warner: Sec. and
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity
Common, $6,000,000 ($100).....................................$6,000,000 ..................... Treas., S. B. Broadhead: Gen. Mgr., G. E. Maltby, all of Jamestown.
Pref $1,000,000 ($100) 6% cu...........
M-S
1 000,000
See text.
CHAUTAUQUA TRACTION CO.—A trolley road.
1st & ref’ g mtge $12,500,0001 1906
5 g M-N
7,208,000 May 11936
gold ($ 1 ,0 0 0 , $500. $250,)Int. at Knickerbocker Tr.Co., N .Y ., trustee.
ORGANIZATION.— Incorporated In New York on March 7 1903. Is
$100 and $50)_______ c&rj or Nat. Provincial Bk. of Eng., London.
controlled by the same Interests as the Jamestown Street Ry.
Mich Tract 1st m tge------------ f 1901
5 g J-J
700.000 June 1 1921
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
$700,000 ($1,000) gold-.c* 1Interest at New York Trust Co.. Trustee.
$500,000
Michigan Trac ext first mtge! 1903
5 g J-D
389,000 Dec. 1 1923 Stock, $500,000 ($100).........................................
5 g A-O
159,000 Apr. 1 1034
$500,000 ($1,000) gold--.c\ Int. at Knickerbocker Tr. Co., N. Y ., Trust. 1st mortgage, $600,000. gold] 1904
($1,000).............................c/In t. at Title Guar. & Tr. Co.. N. Y .. Trustee.
Jackson & Battle Creek first] 1903
5 g J-J
1,200.000 Jan. 1 1923
_______
535,303 ...................
mortgage, $1,200,000 ($1,-)Interest at Citizens’ Savings & Trust Co., Current liabilities June 30 1 9 1 2 ____
000) g o ld .........................c*J Cleve., Trustee, or First Nat. Bk., N. Y.
Bonds. —$100,000 are reserved for extensions, Ac. No sinking fund and
Jackson Consol Trac 1st mtge 1 1904
5 g M-N
790,000 May 1 1934 are not subject to call.
$1 ,0 0 0 , 0 0 0 gold ($100, $500 Unterest at Guardian Trust Co., New York,
EARNINGS.— For year ending June 30 1912, gross, $181,233; net, $70,
and $1,000)___________ c*J Trustee
261; other Inc., $1,598; charges, $99,028; deficit, $27,169.
Bonds. — Of the $12,500,000 1st & ref. bonds. $3,190,000 are reserved
ROAD.— Operates 26.73 miles of track from Lakewood, where connec
for prior liens now outstanding, $2,102,000 reserved for add’ns, bett’ts and
Improvements. Are subject to call after May 1 1916 at 110. V. 82, tion Is made with the Jamestown St. R y., to Mayvllle, there connecting
p. 1157. See also V. 87, p. 167, 285; V. 88, p. 1437. Bonds are listed In with the Pennsylvania R R ., and to Westfield. N. Y..connecting there with
London. V. 90, p. 914. The Jackson Consol. Trac. Co. bonds are subject the Lake Shore & Mich. So. and the N. Y. Chicago & St. Louis R y., and
to call on any lnt. date at 105. They are guar., p. & I., by Mich. Un. Rys. from Westfield to Barcelona-on-lake Erie. Standard gauge; 80-lb. T rail.
On the Michigan Traction Co. bonds a sinking fund of 5 % of gross earn
OFFICERS.— Pres., A. N Broadhead; V .-P ., Wm. Broadhead; Treas.
ings commenced In 1903, to be used In buying bonds at not to exceed 110; S. B. Broadhead; Sec., W . R. Reynolds; Mgr., Geo. E. Maltby; Supt.
otherwise to be Invested In other standard securities. V. 72, p. 391; Austin A. H a r v e y . ________ ____________
$150,000 of bonds held in sinking fund in Jan. 1912.
The Jackson & Battle Creek bonds are subject to call In any amount
JERSEY CITY, N. J.
after 10 years at 105 and Interest. V. 75, p. 1147.
PUBLIC SERVICE CORPORATION.
Dividends. — 6% Is being paid on pref. stock.
EARNINGS.— Including Jackson Consolidated Traction Co.:
HSee statement and maps under “ Newark, N. J.”
Years ending A pril 30—
1910-11.
1909-10.
1908-09.
Gross earnings.....................
$1,448,813
$1,248,889 $1,026,796
Operating expenses..................................
799,087
684,216
568,157
JOLIET, ILL.
JOLIET & SOUTHERN TRACTION CO.
Net earnings...................................... $649,726
$564,673
$458,639
Receivership.— On Feb. 4 1911 Judge Carnes In Kane County Court, on
$360,736
$305,891
Interest and taxes................................ $419,374
Preferred dividends.....................
60,000
60,000
60,000 application of creditors, appointed H. A . Fisher (Pres, of co.) and Daniel
Peterkln receivers. V. 92, d . 395. A bondholders' committee has been
Surplus.......................
$170,352
$143,937
$92,748 formed. V. 92, p. 1636. No bond interest has been paid since receivership.
Passengers carried In 1910-11, 22,046,361, against 19,860,950 In 1909-10, On Nov. 23 1911 Cont. & Comm. Tr. A Sav. Bk., as trustee, began fore
proceedings In Kane County Circuit Court. V. 93, p. 1191, 1532.
ROAD.— Operates all city lines In Jackson, Battle Creek, Kalamazoo closure
and Lansing and lnterurban lines between Jackson, Battlo Creek and Kala Up to April 1912 no date for sale of road had been set.
ORGANIZATION.— In January 1907 purchased the Joliet Plainfield &
mazoo, and between Jackson, Lansing and St. Johns, Lansing and Owosso,
and from Jackson to Grass Lake and Wolf Lake; total operated, 295 miles. Aurora R R ., which It now operates.
Through service between Jackson and Lansing began In Nov. 1909. The
STOCK AND BONDS— Date.
Interest. Outstanding.
M aturity.
extension of the Pine Lake line from Lansing to Owosso (25 miles), construc Stock, $1,500,000 ($100)...............- .....................
$1,500,000 .................
ted by allied lnterests.was placed in operation In July 1911.— V. 88, p. 295, 1st mtge, $1,500,000, gold] 1007
5 g F-A
1,211,400
See text.
1437; V. 90, p. 106, 914: V. 91, p. 1026, 1096, 1157; V. 92, p. 1178; V. 93,
($100, $500 and $1,000) -c* Jlnt. at Cont. & Com. Tr. A S. Bk.,Chlo.,Trus
p. 1787; V. 94, p. 68, 207._______
Jol P A A RR $400,000, gold] 1903
5 g F-A
397.000 Aug 1 1938
($1,000) ___________ c ’ A r/Int. at Cont. A Com. Tr. & Sav.Bk.,Ch., Tr.
JACKSON, MISS.
BONDS.— First mtge. bonds mature serially ending 1942. They arc
JACKSON LIGHT AND TRACTION CO.
subject to call at 105 and lnt. on any Int. day after 1912. $400,000 are re
Controlled by American Public Utilities Co.
served to retire the Joliet Plainfield A Aurora R R . bonds. The latter are
ORGANIZATION.— Incorp. In Miss. In May 1912 to combine local gas, subject to call on any lnt. date after 10 years at 105 and lnt.; a sink, fund of
electric light and power and street railway properties. Has contract for 2% of gross earns, began Aug. 1 1909. but at least $3,000 yearly 1909 to
city electric lighting running to April 1923. Franchises extend beyond 1929; thereafter $4,000 yearly; $3,000 have been retired.
April 1 1922.
EARNINGS.— For calendar year 1911, gross, $108,938; net, $35,284.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
ROAD.— Operates 45 miles of track between Joliet and Aurora and Joliet
Common $1,000,000 ($100)........................ ..........
$1,000,000 __________
and
Chicago Heights and 2 miles of track In Joliet. Is constructing 5 miles
Pref. 6% cum. $600,000____ _____
_______
520,000 __________
First mtge $2,500,000 gold) 1912
5 A-O
700,000 Apr 1 1922 additional track In Joliet. It Is proposed to extend road from Chicago
Heights
to Hammond, 14 miles. Forms a connecting link between Chicago
($100, $500 & $1,000) s f-c*/C hic. Savings Bank & Tr. Co., Trustee
A Joliet Elec, and Aurora Elgin & Chic. RR. Has Independent entrance
Bonds. — Remaining $1,800,000 bonds are for Impts., add’ns and extens.
under certain restrictions. Subj. to call on any lnt. date on or after and terminal at Joliet, and with a sub-station of Its own is getting Its power
April 1 1914 at 105 and lnt. Sk. fd. of 2% of bonds out begins Feb. 1 1914. from the Economy Co. Has a long-time contract for use of terminals at
Int. In Chic, and at N. Y. office of P. W. Brooks & Co. See V. 94, p. 1566. Aurora. 60-lb. T rail, standard gauge.
EARNINGS.— For 12 mos. end. March 31 1912, gross, $258,035; net,
OFFICERS.— Pres., H. A. Fisher; V .-P ., John M. Raymond; Seo.,
after taxes, $95,081. In 1910-11, gross, $248,689; net, after taxes, $82,160. J. K. Newhall; Treas., L. D. Fisher.— V.92,p.395, 1636; V .93,p.ll91, 1532.
ROAD.— Owns 14 miles of track. Standard gauge. 18 pass. cars.
— V. 94, p. 1566.
BLOOMINGTON PONTIAC & JOLIET ELECTRIC RY.—A trolley road.
Default .— Interest on 1st mtge. bonds has never been paid.
JACKSON, TENN.
ORGANIZATION.— Incorporated In 1903. Private right of way except
JACKSON RAILWAY & LIGHT CO.
ORGANIZATION.— Incorporated In Tennessee In July 1906, and Is suc In cities, where franchises run 50 years.
cessor to the Jackson A Suburban Street Railroad Co. Franchise expires
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
In 1937. Also owns a park of 15 acres. Does lighting and power business Stock, $2,500,000 ($100).......................................
$300,000 ...................
In addition to street railway.
1st mortgage, $2,500,000,1 1905
5 g M-S
480.000 Sept 1 1035
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
g ($100, $o00 and $1,000).Jlnt. at Ainer. Tr. A Sav. Bk.. Chic.. Trustee.
Stock $600,000 ($100)_______ _____
_______
$548,900 .......... .
BONDS.— Sub. to call at 105 A lnt. any lnt. dato. No s. f. V. 90, p. 235.
1st mtge $600,000 ($1,000)] 1906
5 g J-J
494,000 Jan 1 1937
ROAD.— Has under construction a line to connect the points named In
No s f. Redeem at 105._c/ColumbIa Trust Co., Loulsvillo, Trustee.
the title, of which 20 miles, between Pontiac and Dwight. Is In operation.
•Stock and Bonds.— $51,100 stock and $6,000 bonds are held In treasury.
10 more miles from Pontiac to Chenoa Is about 45% completed.
EARNINGS.— For calendar year 1911, gross, $87,340; net, $36,838;
OFFICERS.—Pres., H. A. Fisher; V.-P., D. S. Meyers; Treas., L. D.
fixed charges, $24,973; surplus, $11,865.
Fisher; Sec.. John K. Newhall; Gen. Mgr., F. E. Fisher.— V. 85, p. 1004;
ROAD.— Operates 6.2 miles of track. 60-lb. rail.
V. 90, p. 235.
OFFICERS.— Pres., Harry Welssinger; V.-P. and Gen. Mgr., S. S. Bush;
Sec. and Treas., Geo; W. Lewis, all of Louisville, K y.— V. 83, p. 95.
JACKSONVILLE, FLA.
JACKSONVILLE TRACTION CO.— Trolley.
ORGANIZATION.— Is a re-Incorporatton In Mass. In Mch. 1911 (V. 92,
p. 881) of the Jacksonville Elec. Co., which was a consolidation of the Jack
sonville St. R y. Co., the Main St. R R . Co. and the Jacksonville Eleo. Lt. Co.
Stock of old company was exchanged, share for share, for stock of new com
pany. Railway franchise expires in 1932. Does entire electric railway bus
iness In Jacksonville. $350,000 com. stock Is held by Pub. Serv. Invest. Co.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common $1,000,000 ($100)...............
Q-F
$900,000 Nov’ 1 2 , 1 ^
Pref 6% cum $500,000 ($100)...........
6 Q-F
500,000 Nov’ 12,1^
First xsons mtge $5,000,000] 1911 5 M-S
750,000 Mch 1 1931
($500 and $1,000)______c ’ /In t. at State Street Trust Co., Boston, Trus.
Jacksonv Elec 1st M $1,250,-1 1902
5 g M-N
1,207,000 May 1 1927
000 gold ($1,000)......... c ’ /In t. at American Trust Co., Boston. Trustee.
Notes payable July 31 1912.... ..........
...............
200.000
________
KANSAS CITY, MO.
KANSASCITY RAILW AY & LIGHT CO.
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 A 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 tho Kansas City Electric Light Co., It ac
quired the stock of the Edison Electric Light A Power Co. (of Kansas
City), the Consolidated Electric Light A 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
63
ELECTRIC RAILWAYS
Sept., 1912.J
Interurban South Side R y.. both having perpetual charters and being or
ganized under the General Railroad Law of Missouri; aiso acquired capital
stock of the Kansas City Heating Co., having a franchise which expires In
1835. 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
and confirmed In Julv 1002 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, name y
to Dec 10 1922. By the terms of the franchises the rate of fare Is definitely
Ixed at 5 cents, transfer privileges are provided, and the taxes practically
limited to 8% of the annual gross receipts.
Electric Light Franchise.— The franchise of the Kansas City Electric Light
Co. Is perpetual.
Receivership.— On June 3 1911 Federal Judge W . C. Hook appointed
Robt. J. Dunham (Ch. of K. C. R y. & Lt. board of directors) of Chic, and
Ford F. Harvey of Kansas City receivers for the Metropolitan St. Ry.
Central Elec. Ry. and Kansas City Kiev. Ry. (V. 92, p. 1564)
It Is stated
that receivers were 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 by
R . J. Dunham and bankers’ circular in V. 92, p. 1565. A protective com
mittee has been formed calling for deposits of Metropolitan bonds. V. 9-,
p. 1565. On June 14 1912 suit was brought to foreclose the Met. St. Ry.
cons. mtge. V. 94, p. 1627. In view of the foreclosure proceedings, a
stockholders’ committee has been formed with .Cont. & Comm. Tr. & Sav.
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 St., N. Y .. See., and New York Trust
Co., depositary: Old Colony Trust Co., Boston, agent of depositary) calling
for deposit of Kansas City Ry. & Lt. 6% notes. V. 95, p. 420, 752. Interest
on these notes was paid Sept. 1 1912. V. 95, p. 618. Sec letter from Mayor
Jost, V. 95, p. 361. On June 15 1911 Judge Hook in the United States Cir
cuit Court authorized the receivers to pay prin. & lnt. of obligations of
Metrop. St. R y. maturing In 1911 to the amount of $984,640 from earnings
of company, provided lt would not unduly hamper operation of road. See
V. 92, p. 1701. The city In Sept. 1911 having petitioned Judge Hook to
require company to live up to its franchise obligations, Special Master Brumbach on Nov. 24 1911 reported that $8,274,800 would be required, provided
lt should be determined by law that the city has the light to enforce such
requirements. See V. 93, p. 1532.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Common. $12,500,000 ($100)...............................$9,543,080
..................
Pref.. 5% , n. c., $12,500,000.
5 Q-M 9,407,500 M ch.’ l l I K %
(5100).................- ............................
1st lien refund, M.. $20,000,-1 1903 5 g M-N15 10,200.000 May 15, 1913
000 gold____________ c*&r)New York Trust Co., N. Y ., and Henry C.
i Flower, Trus. Int. at Co.’s agency N. Y.
Notes. $5,500,000 ($1,000) . . 1907
6 M-S
5,478,000
Sept 1 1912
KANSAS CITY-WESTERN RAILW AY.—A trolley road.
Formerly the Kansas Clty-Leavenworth Railroad and name changed to
Kansas City-Western Ry. Has long-time franchises In territory served.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock. 32,000,000 (5100)......................................
$2 ,0 0 0 , 0 0 0 ------- -------1st ret mtge $5,000,000 goldl 1905
5 g M-S
1,650,000 Sept 11925
(coup. $1,000; r. $1,000, /Interest at Standard Trust Co., New York,
$5,000, $10,000) ________ j trustee.
Stock and Bonds. — $1,400,000 of bonds were Issued to refund 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
Improvements under customary restrictions. Entire outstanding Issue Is
red. on any lnt. date at 105 and lnt. V. 89, p. 1483.
REPORT.— For year ending June 30 1912, gross, $348,900; net, after
taxes, $98,147; fixed charges, $82,500; surplus, $15,647. In 1911, gross,
$357,234; net, after taxes, $126,280; fixed charges, $82,500; sur., $43,780.
ROAD.— Owns and operates 43.75 miles of road, of which about 18 miles
are within the city of Leavenworth and 25 % miles between Ft. Leavenworth
and Kansas City, Kan. Enters Kansas City, Mo., over tracks of the Kansas
City Viaduct <Sc Terminal R y., 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.— C. F. Holmes, Pres.; C. F. Hutchings. V .-P . and Gen. At
torney S. D. Hutchings, Sec. and Treas.; J. W. Richardson, Gen. Supt.;
W. M. Bonar, Aud. General office, 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. R R . law. In
1909 reeeiver 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. Has private
right of way about 80 feet wide from Kansas City to Olathe.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
M aturity.
Stock, $1,000,000 ($100)........................................ .$ 1 ,0 0 0 , 0 0 0
................. ..
1st mortgage $600,000 gold! 1906 5 g J-J
600,000 Jan 1 1956
($1,000) —
____c/FIdellty Trust Co., Kansas City, trustee.
EARNINGS.— For cal. yr. 1911, gross, $104,808. In 1910, gross, $93,969ROAD.— Operates 20 miles of road, from Kansas City through Southridge, Morrison Ridge, Mllburn Place, Overland Park and Lenexa to Olathe.
Enters Kansas City over tracks of the Metropolitan Street R y. 70-lb. rails.
Has 13 cars. Including passenger and freight.
OFFICERS.— Pres., W . B. Strang: V .-P ., A. F. Hunt Jr.; Sec. & Treas.
Wm. Llttler; Gen. Mgr., Thos. Riley. General offices. Overland Park,
Kan. V. 87. p. 614; V. 89, p. 1281.
KENNETT, PA.
WEST CHESTER KENNETT & WILMINGTON ELECTRIC RY.
Bonds .— Default having occurred Dec. 1 1910 on 1st M. bonds, all the
5 g J-J
206,000 July 11916 holders assented to plan of management providing that coupons due Dec. 1
Corrigan Con. St. R y. lstl 1886
M. ($1,000) g .t red. at 110/ Int. at Central Trust Co., N. Y. Trustee.
and June 1 1910 be canceled, and coupons to June 1 1915 stamped payable
5 g M-N
7,242,000 May 1 1913 at rate of 4 % .
Metropolitan St. Ry. con. 1895
mortgage
(Sec text) lnt. at Old Colony Trust, Trustee, Boston.
ORGANIZATION.— Incorporated In Pennsylvania on May 24 1905.
gold ($1,000)________ c*&r Interest also payable In New York.
Is a reorganization of a company of the same name sold under foreclosure
5 g M-N
2,000,000 May 11913 and
Cent. Elec. Ry. 1st mort., 1899
In
April 1905. On Feb. 26 1908 absorbed the formerly controlled Oxford
$2,500,000 ($1,000) gold, Interest at Trust Co. of Am., N. Y ., Trustee
Grove & Avondale St. Ry., which was to build the extension from
Bonds may be called at 105 on any Interest West
g u a r ________ _________ c*
Avondale to Oxford. See V. 86, d . 670.
day on 30 days’ notice.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
M aturity.
5 g J-J
250.000
(See text)
East Side Elco. Ry. 1st M.,1 1901
Common $925,000 ------- -------- --------------------$525,000 ---------------$250,000 gold ($1,000),} Int. at Trust Co. of Am., N. Y ., Trustee.
75,000 ---------------not guar---------------------- c*J VVm. Iluttlg of Kansas City Is also Trustee Pref ($75,000) 6% non-cum.....................- ......... ..
1st mtge $1,000,000 gold) 1905
5 g J-D
420,000 June 11985
($500 and $1.000)_______ cj Int. at Integ. T. I. Tr. & S. D.Co.. PhIla..Tr.
Controlled Companies.
EARNINGS.— For year ending Dec. 31 1911, gross, $67,283; net, after
Kansas City Elevated Ry.l
1st M. pref.
($600,000) }1892
6 g J-J
$600,000 July 11922 taxes, $18,424. In 1910, gross, $62,034; net, after taxes, $18,179.
ROAD.— About 20 miles of track between West Grove, Avondale, Keng. ($1,000) guar. p. & 1., c*j
2d M. gen’l ($2 000,000)1 1892
4 g J-J
2,000,000 July 11922 nett Square and Wilmington, connecting at Kennett for West Chester.
The extension from Avondale to Oxford, 12 Vi miles, has been completed as
g. ($1,000) guar. p. & I.c*JInterest at Manhattan Trust Co., N. Y.
far as West Grove, and Is In operation to that point. Gauge, 5 ft. 2 /£ In.
Kan. C. & Westp. 1st M.,1
$500,000,
gold,
guar.} 1906
5 g J-J
500,000 July 11926 60 and 70-lb. T and girder rail.
($1,000)............................ /Interest at N. Y. Trust Co., N.Y ., Trustee.
OFFICERS.— Pres., Geo. Kessler, Phlla.; V .-P ., Clarence L. Harper,
Phlla.: Sec. and Treas., Philip E. Guckes, Phlla.; Supt., H. Baluss. Kennett
Bonds. — Of the new $20,000,000 mortgage of the Kansas City R y. & Light
Co., $9,800,000 are reserved for underlying liens. These bonds arc both Square, Pa.— V. 91, p. 1575, 1631, 1712; V. 94, p. 831; V. 95, p.177.
coupon and registered, the coupon bonds being In denomination of $1,000
and the registered bonds in denominations of $1,000, $10,000 and $50,000.
The new bonds are redeemable at 105 and lnt. on any lnt. date. The MetroKENOSHA, WIS.
St. R y., the Kan. City Elec. Lt. Co. and the Cent. Elec. Ry. In May
KENOSHA ELECTRIC RY.— A trolley road.
?olltan
913 mrde mtge. notes aggregating $10,500,000, which are deposited as
On Jan. 16 1912 the North American Co. purchased control.
collateral undtr the new Kansas City Ry & Light Co. mortgage: the share
ORGANIZATION.— Franchise Is for fifty years from June 2 1902.
capital acquired of the Kansas City Elec. Light Co and the Metropolitan
Street Ry. has also been so deposited.
STOCK AND BONDS.—
Date.
Interest. Outstanding.
M aturity.
Notes of 1907 consist of $4,125,000 series " A ” and $1,375,000 series “ B .” Stock $1,000,000 ($100)............................................
$150,000 ...................
They arc redeemable on 8 weeks’ notice on any lnt. date at 100 and ac First mortgage $l,000,000f 1907
5 g A-O
500,000 April 1 1927
crued Interest. They are secured by pledge of $5,721,043 notes of
($1,000) gold____________ (Western Trust & Savings Bank and WllMetropol. St. Ry., $1,008,795 notes of Kan. City Elec. Light Co. and $2,
lloughby G. Walling, Chicago, trustees.
695,000 com. and $2,977,900 pref. stock of the Kan. City Ry. & Lt. Co., and
ROAD.— Operates 7.4 m. of track In Kenosha and to N. and S.Kenosha.
such securities of subsidiary companies as are pledged under the Indenture
EARNINGS.—
For
cal.
year
1911, gross, $102,318; net, $39,652; In 1910,
of May 15 1903, securing the 1st lien ref. gold bonds. The series “ A ” notes gross, $93,191; net, $40,304.— V.
$4, p. 1052; V. 88, p. 101; V. 94, p. 1249.
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 arc in treasury.
Metropol. consol, mtge., originally for $8,500,000, fell due May 1 1910 but
KEOKUK, IA.
was extended for 3 years to May 1 1913 and new bonds offered In exch. for
KEOKUK ELECTRIC CO.
old bonds. See V. 90, p. 1045. Mtge. Is closed and limited to $7,500,000.
ORGANIZATION.— Incorp. in Illinois on Dec.5 1911 as successor to
Remaining bonds are reserved to retire Corrigan Con. St. R y. bonds.
the Keokuk Elec. Ry. & Pow. Co., Keokuk Gas & Elec. Co., Hamilton Lt.
V. 90, p. 1044, 1363. Not subject to call.
The bonds of the K. C. & Westport R y. are guar. prin. and Int. by the & Pow. Co. and Keokuk & Western 111. Elcc. Co., control of which was pur
Kansas City Ry. & Light Co., and arc subject to call on any Interest date chased In 1911 by Stone & Webster of Boston. Stock (all one class), auth.
at 105 and Int. on 90 days’ notice.
and Issued, $650,000 ($100). No bonds. Will do electric railway and
The East Side Elcc. Ry. mtge. originally fell due on July 1 1011, but was power business In Keokuk, la., Hamilton, 111., and Warsaw, 111.; electric
extended Indefinitely.
lighting business In Keokuk and Hamilton, gas business In Keokuk.
Kansas City Elevated R y . 1st M. preference 6s are guaranteed, principal
OFFICERS.— Pres., Charles F. Wallace; Sec., Clement R . Ford; Treas.,
and Interest, by endorsement by the Metropolitan Strctt Ry.: so are the Henry B. Sawyer.— V. 93, p. 1725.
2d M. general 4s. The guaranty on the latter was 3% per annum until
July 1895 and since then 4 %. For form of guaranty, see V. 73, p. 1160.
Dividends.— First dlv., U /% on pref. stock, was paid on June 1 1904
KEWANEE, ILL.
and 1/4% quar. since then, to and lncl. Mch. 1 1911. None since to Sept.
aALESBURO & KEWANEE ELECTRIC RY.
1912. Sec V. 92, p. 1375, 1436.
ORGANIZATION.— Incorporated May 1902. Is a reorganization of
REPO RT.— For years ending May 31. Passengers carried for revenue the Galesburg & Oneida Elec. Ry. Co.
III 1911-12, 119,734,910; transfers, 48,611,540. Report for 1910-11 In
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
V. 93, p. 1458.
Common, $200,000 ($ 1 0 0 ).......................................
$200,000
...............
1191-12.
1910-11.
1909-10.
Pref.. $400,000 ($100) 6% cum .............................
110,800
First mtge. $400,000. ($500 &1 1906 5 g J.-J
400,000 July 2 1926
Gross earnings______________________ $8,350,623 $7,727,680 $7,161,042
$1,000) „g ____________ c& rjlnt. at Cont. & Com. Tr.&Sav.Bk.,Chic., Tr.
Operating expenses__________________ 4,774,262
4,450,534
4,153,250
Bonds. — Are red. on any lnt. day at par and lnt. No s. f.
Net earnings......................................$3,576,361 $3,277,146 $3,007,792
EARNINGS.— For 12 mos. ending June 30 1910, gross, $72,905; net,
Allsccllaneous Income_______________
53,026
45,491
17,399 $19,573; lnt. & taxes, $23,586; deficit, $4,013.
ROAD.— Has city line In Kewance & Wethersfield, and Interurban
Total net earnings_________________ $3,620,387 $3,322,637 $3,025,191
Fixed and other charges____________ 2,384,124 2,398,890
2,157,962 between Kewanee and Galva. Total track operated 14 miles. 70-80-lb.
T and girder rails. Gauge 4 ft. 8 Vi in.
Surplus ------------ -------------------------- $1,245,263
$923,747
$867,229
OFFICERS.— Pres., W. H. Lyman: V .-P., H. W. Crane; Sec. & Treas.,
Dividends on preferred sto ck ...................... ..........(3/4)352,781
(5)470,375 F. M. Lay; Gen. Mgr.. R. H. Hayward.
Underlying Liens.
B alance.............................................$1,245,263
$570,966
$396,854
ROAD.— Comprises 138.64 miles of road and 265.9 miles of track. Light
ing (May 31 1912) equivalent to 1,303,626 16-candle-powcr Incandescent
lamps.
OFFICERS.— Pres., John M. Egan; V .-P., Frank Hagcrman; Sec. and
Trcas., J. A. Harder; Compt., R. J. Clark.— V. 90, p. 1044, 1363; V. 91,
p. 589, 714, 790, 871, 1629; V. 92, p. 395, 595, 1375, 1436, 1564; V. 93,
p. 1386, 1458, 1532, 1668; V. 95, p. 176,'236,297,361, 420, 618,680, 752.
KEYPORT, N. J.
JERSEY CENTRAL TRACT ION C O — Trolley.
ORGANIZATION.— This was formerly known as the Keyport & Matawan Street R y.. a horse line, but has been operated as an electric railway
since July 1901. and name changed as above on Oct. 4 1901. Company owns
franchises for the carrying of freight and transports brick, gravel, &o., for
local Industries.
64
ELECTRIC RAILWAYS
[V O L . L X X X X V .
Company also owns 462 of the 500 shares of stock and all of the bonds of
KOKOMO, IND.
the Middlesex A Monmouth Electric Light, Heat A Power Co., which furnlshes light to Keyport, Matawan and South Amboy.
KOKOMO MARION & WESTERN TRACTION C O —A trolley road.
ORGANIZATION.—
Incorporated
In Indiana In Feb. 1903 under general
STOCK AND B O N D S.-Date.
Interest. Outstanding.
Maturity.
railroad laws as successor to the Kokomo Converse A Marlon Traction Co.
Stock *1.500,000........................................................ $1,500 000 ...............
1st mortgage $750,000 gold) 1901
5 g M-N
353,000 Nov 1 1931 (n April 1903 acquired by purchase the entire capital stock of the Kokomo
Railway * Light Co., which was merged In Jan. 1906. Owns lighting plant
($500 and $1,000).............../Interest at Colonial Trust C o., Phlla., trustee
Franchises run 50 years.
Clen. A ref. mtge. $1,500,000) 1904
5 g J-D
1,147,000 Dec 1 1954 tn Kokomo: also private right ot way
On Sept. 21 1910 the Kokomo Public Utility Co. was incorporated In
gold ($1,000)...................c * /ln t. at Fidelity Trust Co., Newark, trustee.
Indiana
for
the
purpose
of
constructing
a
steam-heating plant In Kokomo.
Bonds. — Of the $1,500,000 new bonds, $353,000 are reserved to retire
the first 5s. The new bonds are redeemable at 105 and lnt. Dec. 1 1914 It Is owned and controlled by the Kokoino Marlon A Western Trac. Co.
and
all
Its
bonds
and
obligations
are
guar,
by
same company. Has a 25-yr.
or any Interest period thereafter. Of the $353,000 1st mtge. bonds, $122,500 franchise from 1911.
were held In Sept. 1912 ready for exchange Into gen. mtge. bonds.
Owns entire capital stock of the Kokomo Frankfort A Western Trac.,
REPO RT.— For calendar year 1911 (Incl. Mid. A Mon. Elec. Light), whose bonds It guar., p. A l. Also leases that company for 42 years.
gross, $270,975; net, $114,176.
V. 93, p. 408.
ROAD.— Owns and operates 30.09 miles of road from South Am boy. KeySTOCK AND BONDS—
Date.
nterest. Outstanding.
M aturity.
port and Belford to Red Bank; Belford through Atlantic Highlands to Common, $1,000,000 ($ 1 0 0 ) .............
F-A
$l,000,000Aug.l5’ 12,l H
Highland Beach; Freneau through Matawan to Keyport, N. J.; also operates Preferred, 6% $100,000 ($ 1 0 0 ) ___
6A O
100,000
See text
5H miles additional under contract. Standard gauge 60-lb. T and 70-lb. First mortgage $1 000,000/ 1903 5 g J-J
750,000 July 1 1033
girder rails. Nearly all over private right of way. 31 passenger cars, 2 elec
gold ($500 A $1,000)------c*) Interest at Security Trust Co , Ind., Trustee.
tric locomotives, 27 freight cars, 3 other cars and 2 snow plows. An ex Kokomo Ry A Light 1st mtge/ 1903 5 g J-J
250,000 Jan. 11933
tension from South Amboy through Mechanlcsville and over the Raritan
$350,000 gold ($1,000)— c lln t. at Security Trust Co , Ind., Trustee.
River Bridge to Perth Amboy was completed In 1910.
Kokomo Pub Util 1st M$300,-l 1911 5 g M-N
150,000 May 1 1936
000
g ($1,000) gu p & 1 -_c*]ln t at Union Trust Co., Indianapolis, Trus.
OFFICERS.— Pres., Jas. H. Morris, Morris Bldg., Phlla.; V.-P. & Gen.
Mgr., G. I. Brown, Keyport; Sec. and Treas., W . U. Moyer, Morris Bldg.,
Bonds. — $250,000 of K. M. A W. 1st M. bonds are reserved to retire a like
Phlla.; Asst. Sec. & Asst. Treas., Harry Krelder, Keyport, N. J.— V. 76, amount of bonds of the Kokomo Ry. & Lt Co.; the remaining $100,000 un
p. 1300; V. 92, p. 461.
der this latter mtge. has been canceled. Bonds are subj. to call at 105 & lnt.
See V. 76, p. 1143; V. 77, p. 451. The Kokomo Ry. & Light bonds can be
called at 105 and are guar., prln. & lnt., by Kokomo Marlon A West.
Kokomo Pub. Util, bonds are subj. to call on any lnt. date at 105 and lnt.
KEY WEST, FLA,
Remaining bonds can be Issued for 80% of cost of extensions, Ac. They
are guar., p. & I., by Kokomo Marlon & Western Trac. V. 92, p. 1377.
KEY WEST ELECTRIC CO.—A trolley road.
Dividends .— On pref. stock, 6% per annum Is being paid. On common
ORGANIZATION.— Incorporated in New Jersey In 1898 and does entire
electrlc-llght and power business In addition to entire street railway business first dlv.— 1% — paid Aug. 10 1909. In 1910, 3% . In 1911, Feb., 1 AVo ;
of the city; also owns franchises for manufacture of gas. Franchises expire Aug., l 'A % . In 1912, Feb., 1M % ; Aug., 1 'A % .
REPORT.— For calendar year 1911: Total gross (Incl. both Railway &
1997. In June 1904 acquired the Key West Electric Light & Power Co.
V. 78, p. 2334. In June 1906 was acquired by Stone & Webster of Boston Lighting), $277,385; net, $156,655; lnt., taxes, Ac., $60,392: dlvs. (3%
com., 6% pref.), $36,000; depreo’n, $20,253; surplus, $40,010.
and re-capltallzed as below. V. 82, p. 1496.
ROAD.—Operates 36 A miles of track in Kokomo and from Kokomo to
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Common $500,000 ($100).........................................
$500,000 ................... Marlon. Is connecting link between the Northern Traction Co. and the
Union Traction Co. of Indiana. Standard gauge. 70-lb. T rail. 10 cars.
Pref $230,000 ($100) 6% n-c.....................................
230 000 __________
•
First mortgage $1,000,000/ 1906
5 g F-A
450,000 Aug 11956 On Sept. 1 1912 had 2,671 light and power consumers.
gold_____________________ /Interest at State Street Tr. Co. Boston, Tr.
OFFICERS.— Pres., Geo. J. Marott; V.-P., L. J. Kirkpatrick; Seo.,
Bonds. — Are subj. to call as a whole or In part for s. f. at 105 and lnt. at Treas. and Gen. Mgr., T. C. McReynolds; Asst. Gen. Mgr., P. H. Palmer:
any time. Sink, fund of 1% of bonds out began Deo. 1 1907, If earned; on Aud., C. C. Trees; Supt., II. P. Martzolf.— V. 83, p. 1098; V. 92, p. 1375;
Dec. 1 1912 becomes obligatory. Preferred stock Is redeemable at par.
V. 93, p. 408.
L E A R N IN G S .— For cal. year 1911, gross. $144,717; net, after taxes,
(1) Kokomo Frankfort & Western Traction Co.
$61,830; Interest, $37,198; surplus, $24,632.
Entire stock Is owned by Kokomo Marlon & Western Traction Co.
ROAD.— Operates 5.1 miles of track; 60-lb. steel rails; 10 cars. Gauge
ORGANIZATION.— Organized In Indiana in June 1911 to build an
5 ft. 2 'A in.
lnterurban railway between Kokomo and Frankfort, Ind. Property has
OFFICERS.— Pres., George J. Baldwin, Savannah: 1st V.-P., Charles been leased to the Kokomo Marlon & Western Trac. for 42 years. Private
F. Wallace; 2d V.-P., Harry II. Hunt; Sec., Alvah K. Todd; Treas., Henry right of way except for street crossings, a terminal having been purchased
B. Sawyer; Mgr., Donald Stewart, Key West, Fla.; Gen. Mgrs, Stone & In Frankfort in lieu of using streets for right of way. In 1911 Kokomo
Webster Mgt. Assn., Boston.— V. 82, p. 1496; V. 94, p. 1508.
franchise had 42 years to run; that In Frankfort 50 years.
STOCK AND BONDS—
Date.
Interes
Outstanding.
M aturity.
Stock $100,000 ($100)......................................
$100,000
First mortgage $750,000 gold) 1911
5 g J-J
630,000 July \ 1941
KINGSTON, N. Y.
($1,000) guar p & 1___ c*/In t. at Ft. Dearb Tr. & Sav. Bk.,Chic..Trus.
KINQSTON CONSOLIDATED RR.
Bonds .— Remaining bonds are reserved for future additions, extensions
Change in Control.— In 1909 control passed Into hands of Fred. T. Ley and lmpts. at 80% of cost under certain restrictions. Red. on any lnt.
A Co. of Springfield, Mass., general contractors, and others. V. 88, p. 1437. day at 105 and lnt. on 60 days’ notice. Bonds arc guar , p. & I., by Koko
ORGANIZATION.— This Is a consolidation on Dec. 11 1901 of the Kings mo Marlon & West. Trac. V. 93, p. 407.
ROAD.— Operates 25.57 miles of track, Incl, sidings, between Kokomo
ton City R R . and the Colonial City Traction.
and Frankfort.. Was placed in operation In summer of 1912. Standard
STOCK AND BONDS—
Date.
Interest
Outstanding.
Maturity.
gauge. 70-lb. T rail.
Common, $200,000 ($100).........................................
$200,000 ..................
OFFICERS.— Pres., Geo. J. Marott; V .-P., L. 1. Kirkpatrick; Sec.Preferred, 4 % cum $200,000.. ___
___ ___
200 000 Jan ’ 11,4%
First consolidated mortgage/ 1901
5 g J-J
532,000 Oct. 9 1951 Treas. & Gen. Mgr., T C. McReynolds.— V. 93, p 407
$700,000 ($1,000) gold. _c*)Int. at Manhattan Trust Co., N. Y .. Trustee.
Second mortgage, $250,000/ 1909
5 J-J
none
Jan 1 1939
($1,000)_________________ )In t. at Manhattan Tr. Co., N. Y ., trustee.
LACONIA, N. H.
Kingston City RR.—
LACONIA STREET RAILWAY.
Consol $150,000 ($1,000) not/ 1893
5 M-S
150,000 Mch. 1 1923
in Nov. 1906 control changed hands, and the new Interests also acquired
subject to call before mat’y\Int. at Farmers' Loan A Trust Co. N. Y.
of the Laconia Electric Lighting Co.
5 quar.
6,000 On demand control
Mortgage on car barn------------ -------ORGANIZATION.— Formerly the Laconia & Lakcport Street R y., but
Bonds. — $156,000 of the $700,000 consolidated mortgage Is reserved to re name changed to above In 1894
tire the Kingston City R R . underlying liens; $12,000 have been canceled.
STOCK, Ac.—
Date.
Interest. Outstanding.
M aturity
Dividends.— 4 % was paid yearly on pref. stock since consolidation up to Common, $100,000 (par $50)....................................
$100,000 ...................
1908, when 2% was paid Aug. 1. None to Jan. 1 1911, when 4 % was paid. Pref., 6% cum., $40,000 ($ 1 0 0 )...............................
40 000 ...................
None since then, up to Sept. 1912.
First mtge, $91,000 ($1,000).J 1899
5 M-N
91.000 May 11919
1
Interest at American Trust Co.
ROAD.— Embraces 8 miles of track. Ralls, 70, 80 and 90-lb. 40 cars,
Second mortgage, $40,000/ 1904
5 M-N
40,000 May 1 1919
3 snow plows.
($1,000)..............................
i
Interest
at
People’s
National
Bank.
Laconia.
REPO RT.— For year end. Dec. 31 1911, gross, $160,396; net, $87,824;
Dividends .— In 1893-94. paid 5% ; In 1894-95, paid 4% : none since.
Interest, taxes, Ac., $51,615; surplus, $36,209.
ROAD.—
Owns
8.87
miles
of
track
from
Laconia
to
Weirs.
Standard
OFFICERS.— Pres., Fred.T. Ley, Springfield, Mass.; V.-P., Henry C.
.
Page, Worcester, Mass.; Sec., G. B. te Bow, Kingston; Treas., Abm. gauge. 11 passenger and 2 other cars.
EARNINGS.—
For
years
ending
June
30;
'
Hasbrouck, New York.— V. 89, p. 225, 529; V. 90, p. 303.
1911.
1910. I
1911.
1010.
Gross ...................... $36,200 $34,293 lnt. and taxes.. . . $9,631 $10,640
N e t .......................... 9,915
9,503 I Bal. for year...........sur.284 df.1,137
KNOXVILLE, TENN.
OFFICERS.— Pres., H. L. Pierce, Leominster, Mass.; Sec., Geo. P.
Munsey; Treas., Harry G. Lowe.
KNOXVILLE RAILW AY & LIGHT CO.
Controlled by American Cities Co., which owns all thestock.
ORGANIZATION.— Incorporated In Tennessee on Aug. 5 1905 as a con
solidation of the Knoxville Traction Co. and the Knoxville Electric Light A
Power Co. Does all the street railway and all municipal and commercial
electric-lighting and power business In Knoxville. Also controls the
Knoxville Park Association, owning two amusement parks. Franchises
are perpetual, except as to 1 H miles of street railway, which latter run until
Nov. 28 1946. Isidore Newman A Son of New Orleans arc fiscal agents.
In 1911 $1,500,000 com.and $500,000 pref.stock was all made one class
and Increased to $2,050,000.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
Stock $2,050,000 ($ 1 0 0 )-.-..................
J-D $2,050,000 June’ 12,3^
Ref & ext mtge $10,000,000) 1911
5 J-D
1,378,000 June 1 1946
($500 and $1,000)---------c * /ln t. at Guaranty Trust Co., N. Y., Trustee.
Consolidated mtge $3,000,000/ 1905
5 gM-S
1,173,000 Sept. 1 1945
gold ($1,000)--------------- c*( lnt..it Standard Trust Co., New York. Trustee.
Knoxville Trac 1st M $850, / 1898
5 g A-O
824,000 April 1 1938
000 g tax free($1,000)-.-0*1 lnt. at Baltimore Tr. & Gu. Co. Balt., Trus.
Bonds. — Of the ref. A ext. mortgage, $2,572,000 are reserved for prior
liens and $6,050,000 are for additions A Imp’ ts under certain restrictions.
Bonds are redeem, at 105 and lnt. on 60 days’ notice or may be purchased
In open market a at price to net not less than 4 ^ % . Annual sinking fund,
beginning Oct. 1 1915, equal to 'A of 1% of total amount of bonds out. Of
the $3,000,000 consols, $824,000 are reserved to retire Knoxville Trac. Co.
bonds and $428,000 have been retired. Bonds are redeemable at 107 A and
lnt. on 60 days’ notice. Sink. fd. annually of H of 1% of all bonds out
(incl. Knoxville Trac. bonds) began Sept. 1 1910, and aftcr5 years Is In
creased to l% annually. $29,000 of outstanding bonds were held In slnk.fd.
on Sept. 18 1912. The Knoxv. Trac. Co. first mtge. bonds are not subject
to call. $2 6 , 0 0 0 have been canceled.
Dividends.— First dividend on common— 2% —June 29 1907, 1% was
paid Sept. 1907 and 1% Dec. 1907; in 1908, 4% ; In 1909, 7% ; In 1910, 8% ;
In 1911, 10%. Then stock all made one class and In June 1912 paid 3 'A%
REPORT.— For calendar years. Pass, carried In 1911, 11,254,845.
Year —
Gross.
Net after Taxes. Interest, &c.
Surplus.
1911.................
$709,604
$352,962
$160,866
$192,096
1910________
716,110
365,054
140,371
224,683
1909______________ 613,520
302,486
138,038
164,448
ROAD.— Owns 45.82 m. of track, incl. 8.80 miles of double track, 70-lb.
and over T and girder rail. Has 66 open cars, 54 closed and semi-converti
ble cars and 11 work cars; total, 131. Owns one park and leases another.
OFFICERS.— Pres. & Gen. Mgr., C. II. Harvey; V.-P., W. S. Shields;
Sec. A Treas., Leon Fender; Aud., J. E. Tappan.— . V. 83, p. 38; V. 83,
p. 345, 405, 793; V. 88, p. 1620.
LA CROSSE, WIS.
LA CROSSE CITY RAILW AY.
ORGANIZATION.—Chartered Nov. 17 1885. F ranchlse runs till 1938.
STOCK AND BONDS—
Date.
Interest. Outstanding. Last Dlv .Ac
Stock, $500,000 (par $100)............... See below.
$500,000 In 1912, 7%
First mtge, $400,000, gold) 1909
5 g J-J
220,000
1929
($1,000).............................c /In t. at Wisconsin Tr. Co., MIIw., Trustee.
Dividends .— For 1802, 7% ; 1893, none, 1894,7% ; 1898,7%; 1899,7%;
1900,5% ; 1901,6% : 1902,7% : 1903,7% : 1904.7% ; 1905. 8%; 1906,
8% ; 1907, 7M % ; In 1908 and 1909, none; 1910,6% ; 1911, 6% ; ’ 12, 7% .
EARNINGS.— For cal. year 1911, gross, $149,544; net, $40,174.
ROAD.— Owns 16.08 miles In city of Lacrosse.
OFFICERS.— Pres., B. E. Edwards; Sec., P. J. RIegger; Treas., R. C.
Whelpley; Supt., Peter Valler.— V. 84, p. 1182.
LAKE CHARLES, LA.
LAKE CHARLES RAILW AY. LIGHT & WATER WORKS CO.
ORGANIZATION.— Incorporated In Louisiana in 1909. In June 1909
the company acquired the Lake Charles Street Ry. Co., operating an electrlo
railway In Lake Charles and Lake Charles Ice, Light A Waterworks Co.,
which operates an Ice plant, electric-light and power department and
water system.
„
.......................
■Franchises expire: street railway, 1941; cleotrld light and power, 1926;
waterworks, 1916, self-renewing every 5 years thereafter unless city buys
plant.
.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock, $200,000.......................- - - - ..........................
$200,000 ...................
First mortgage, $500,000 g / 1909
6 g F-A
285,000
See text
($500 and $1,000)...........c*)Intcr-Stato Trust A Bkg. Co., New Orl., Tr.
Bonds .— Remaining bonds are for Improvements and extensions on basis
of $1 In bonds for each $1 33 of Improvements, Ac. Bonds mature $15,000
8emi-an. from Aug. 1 1912 to Feb. 1 1922, both Inclusive; but redeemable
on and after Aug. 1 1914 on any lnt. day on 30 days’ notice. Int. Is payable
at office of trustee or at Chicago Savings Bank A Trust Co., Chicago.
$15,000 has been retired.
EARNINGS.— Of constituent companies for 1908, gross. $183,226,
oper. expenses, lnt. A taxes, $128,305; net, $54,921.
ROAD consists of 9 miles of track. 60-lb. rails.
OFFICERS.— Pres.. J. A. Landry; Seo., P. O. Moss.— V. 88, p. 919.
S e p t ., 1 9 12 . j
ELECTRIC RAILWAYS
LANCASTER, PA.
65
Nlcholasvllle, 12 miles. 50 to 80-lb. rails. Standard gauge. Owns 30
4 m lscca rs 0pen carS- 15 Interurban passenger and 3 express cars and
LANCASTER & YORK FURNACE STREET RY.—A trolley road.
ORGANIZATION.— Incorporated July 22 1001 In Pennsylvania. In
Feb. 1008 reduced stock from $280,000 to $170,000 and made 5150 000
OFFICERS.— Pres., Percy M. Chandler, Phlla.; V .-P., F. YV. Bacon
mtge., which see below. V. 86, p. 480.
Dhua
: SecV T -D .M u rray. Lexington; Asst. Sec., James K. Trimble,
r I.I,a - ', Trea^;' J •Will Stoll, Lexington; Asst. Treas., James YV. McMeekln,
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity
1 4 3 R i r n ’.
Oppenhelmer, Lexington.— V. 92, p. 1178,
Stock 5170.400 (550) . . . .......... . . ....................... 5170,400 ____________
1st mtg gold $150,000 (55001 1908 5 g J-J
150,000 Jan " l " ! 928 1436, 1564; V. 94, p. 631, 826, 1119.
and 51,000)--------------c& r/Int. at Northern Trust Co., Lane., trustee
(2) Lexington Utilities Co.
Bonds. —Are not subject to call and have no sinking fund.
sinnR™ nN1AnT J ° ? ’. & c -— Inporp on June 5 1909. Stock auth. and out.
EARNINGS.— For 12 mos. ending June 30 1912, gross, $ 3 1 647- net
»w?;iPVr„nfA11 s,tock Is owned by Kentucky Securities Corp. Does ice and
after taxes, $7,639; fixed charges, $7,500; surplus, $139
’
’
’
and.Power and gas business in Lexington. Light and power
ROAD.— Operates 1 2 'A miles of track between Mlllersvlllc and Peauea franchises expire In 1916. Gas and Ice franchises are perpetual.
60-lb. T rail. Gauge 5 ft. 2
In.
'
OFFICERS.— Pres., Meyer Schamberg; Sec. A Trcas.. W S .T W e th e rLIMA, OHIO.
111; Gen. Mgr., L. 13. Myers.— V. 86, p. 480; V. 92. p. 187. '
' wt'lucl
YVESTERN OHIO RR.
ORGANIZATION.— Incorporated In Ohio on June 7 1910 to take over
LEETONIA, OHIO.
™ J m in 88! ? 6* Western Ohio R y. Lease provides that YVestern Ohio RR.
p VOUNGSTOYVN & OHIO RIVER RR.— A trolley and steam road.
o
on Western Ohio R y. bonds as well as dlv. on both 1st
Freight service operated by steam; passenger service by electricity,
«™d„2fd7 ™ f ' ®t0<;ks ?ftb a t company and an annual rental of $ 15,000. Hold
i ORGANIZATION.-—Incorporated In Ohio on Dec. 8 1905. In 1906 ing ? fthpi?cfS^ iCkf of W e?ter.n Ohio R y . had right to exchange before Jan. 1
of Western Ohio RR. on basis of 3 shares of R w y.
leased for 99 years Salem R R . from Pittsburgh Lisbon A; Western RR Co for in * eJhf™
for one share of RR. v . 90, p. 1556. On Jan. 1 1911 27,402 shares had
7°mflc’s°00 PGr annum; the formcr runs between Salem and YVashlngtonvllle, been exchanged. Stock auth., $1,000,000; Issued. $913,400.
EARNINGS.— For 12 months ending Dec. 31:
In 1910 road was re-cap!tallzed and new securities Issued as below.
Gross
Net (after
----- Dividends----- Balance,
Q t£ iOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity
.m i r
Taxes).
Interest.
1st Pref. 2d Pref. Surplus.
Stock, common, $1.000,000_______
_______
51,000.000
} R } n .............. 5149,010
$29,680 $27,000 $50,146
Q-J_
1,000,000 July "12 " I
Preferred, $1,000,000, 5% — -----1910 - ...........5o8,375
246,621
174,700
350
27,000
44,571
Fhrst mortW
’$2.500,0 0 0 7 fi? i5 £ a -G ,
1.000,000
1 1935
goldl ($1,000)................ cMInt.
Sav.
Co. Cleve.. V ^ andEr ^ n 'T f^ eSp J hL Y.W olf’ F‘ evf - : v - p > J - Mandelbaum. Cleve.
m ata
. Citizens’
.
m
^&
IlI Triiotnn
/-»»* »—
PUof
___Tr.
1A Tn, v .U • • v / I v V 1 *
Trustee, or First National Bank, N. Y.
V. 92. p 1376; v^93 p 287arPenter’ Llma>' SeC‘ * TrCaS” H ’ ° - Lan^—
Stock and Bonds. — Pref. stock dlv. Is cumulative after Julv 1 1913
Bonds subject to call on any lnt. date after April 1 1915 at 105 and lnt!
(1) YVestern Ohio Ry.— A trolley road.
Remaining bonds are reserved for acq. and exten. under certain restrictions.
,
Incorporated In Ohio on Oct. 11 1900 This Is one
Dividends.— Initial dlv.— H % — on pref. was paid Oct. 5 1910
In 1911
0H%.
In 1912, Jan., 1%; Mch., 1 H % ; July, 1 ya% .
’ Cleveland'to' Lima. ‘ °OutsWe of'‘ muAlcblaliue.^hasbpilvitc ^ 1 0 1 ^ w a y
EARNINGS.— For 12 mos. end. June 30 1912, gross, $236 466- net
after taxes and rentals, $96,256; lnt., $50,000; bal $46 256
In 1910-11
oM hc p m a ^ in d la Y A ToiedVRy” ’ V0 ^ . ^ ? . 6 *57?^38? anHaPsrco'nSttr°aC
ct
$l13S551224’ 246: nCt aRcr taxes and rentals, $93,554; lnt., ’$50,000; bal.!
Is leased to Western Ohio R R . V. 90, p. 1615; V. 91, p. 40.
ROAD.— Operates from the terminus of the Stark Electric Rv in
STOCK AND BONDS.—
Salem, Ohio, through the city of Salem to a connection with the Salem itR.
Date.
Interest. Outstanding.
M aturity.
Common
$3o,000 ($ 1 )
and over the Salem RR. from Salem through Washlngtonvllle, Leetonla
$30,000 ...................
Lisbon and West Point to East Liverpool, Ohio, a distance of 3 6 miles’ 1st pf. $500,000 ($100)7% cum
Q-J
461.000
See text
2d
pf,
$500,000
($100)6%
cum
”
”
Q-J
At Leetonla, 6 ., connection Is made with the Youngstown & Southern Ry ’,
450.000 O ct.’ 12, 1 W
Owns 32.19 miles of track and leases 6.81 miles. Standard gauge mostly 1st mortgage $3,000,000 goldf I5oI
5 g M-N
2,500,000 Nov 1 1921
70-lb. I rail. lass, equip., 7 cars; freight, 3 locomotives, 15 cars'
($1,000) $26.500perM.c-&r( lnt at Clt Savings & Trus'rOo.P'ci'evelind!
OFFICERS.— Pres., Will Christy; V .-P., Geo A Stanlev- See and
trust mortgage.l 1910 Stt 6% r 1 irSt NatIi i aoooaju iyNi T9 3 0
Treas.. Chas. S. Thrasher: Gen. Mgr.. J. D. Dewecs-'Aud It' F Miner Collateral
---------------) Cleveland Trust Co.. Trustee
7
Ge ne ra l o f f Ice, Lee to ill a, Ohio.— V. 88, p. 824; V. 90,'p. 1556; V. 91, p. 40* rL 5500,000---------F & T 1st mtge $600,000f 1905
5 g J-J
389 ono Tnlv 1
947, V. 92, p. 457, V. 93, p. 873; V. 94, p. 913, 1117; V. 95, p. 299.
^old <5! 000)....................ct lnt. at CltlfenSJ Savings A'Tr’u V c o .. Cleve®
i land. 1 rustee, or In New York
Bonds .— The West Ohio 1st M. bonds have no sink, fd and bonds are nor
LEWISTOWN. PA.
subject
to
call.
$461,000
have
been canceled. See V . 7 6 d 16o f o S r
LEYVISTOWN & REEDSVILLE ELECTRIC RY.
ment among bondholders. Coll. tr. bonds are convertible' Into 1st Dref
ORGANIZATION.— Incorporated In Pennsylvania on March 2 4 1892. stock and are secured by deposit of $39,000 1st 5s. $461 000 have been
converted. No sink. fd.;red. on Nov. 1 1921 at 110. As bonds are convcrtecl’ proportionate amounts of the 1st 5s which are collateral will be canstock°5^oSooD($50)NDS: ~ . . D . tc:
™ ™ 3t ° u? i T o Z i o M T s T %
l8$imo°oro faSKn0nnn(?5()0 arJ.d L ^ ^ ..3 g‘ J-J
150,000 June 1 1910
The Lima Findlay A Tol. bonds have a sinking fund of $10 500 Der ann
5150,000-.- c&rj lnt. at Merchants Union Tr. Co., Phlla.,Trus
which began In 1911. Are subject to call at 105. $11,000 have been re
2d*rnnm ^ l ^ o n o * 000 4'idL 1?02^ 5 ^ 1' ”
125.000 May 1 1917
tired.
V. 80, p. 2 344.
,pl2'’ ;0? 0........ c.&rvln*- n*; Com wealth Tr. Co., Harrlsb’g. Trus.
?' 1
arc not sub. to call, but the ids can be called at par.
Dividends.— On 1st pref. regular quar. dlvs. are paid. On 2d nref first
D i v i d e n d s . — 1902 to 1908, Inclusive, 5% per annum.
None since.
dlv., 1 \4% , paid Oct. 1910, and same amount quar. to and lncl. Oct. 1912
EARNINGS.— For year end. Dec. 31 1911, gross. 596 152- net' after
ROAD.— Operates from Lima through Wapakoneta and St. Marys to
taxes, $15,515; fixed charges, $13,333; surplus, $2,182
’
’
*
Cellna; from St. Marys to Minster, and from YVapakoneta to Pioua- a total
r R PAD. Operates 10.2 miles of track from Lewlstown to Reedsvllle and of 82.01 m.; also Lima to Findlay. 31.97 m., thus completing a through line
Operates
Lewlstown Junction, with a branch to Burnham. 60 and 70-lb T and to Toledo. Total, 113. 8 m. single track. Standard gauge
28 passenger, 30 freight and 4 express trail cars.
B K operates
70-lb. girder rail.
1
OFFICERS.— Pres, and Mgr., J. I. Quigley, Lewlstown; V .-P., John E. o OFP* ? ERS- ~ p£es-> f - D. Carpenter, Lima; V .-P., J. O. Wilson Cleve
ZImmermann. Phlla.; See. and Treas., Chas. Day. Phlla., Supt., C. E.
14C9i,&16Tir5eav : ^ ’, p?Mdri55,8|72PV % 64.VA 8l945P0’. 667: V ’ 9° ’ P’ 5° 4' U26'
Gossard, Lewlstown.— V. 88. p. 1128; V. 89, p 919.
LEXINGTON, KY.
LINCOLN, NEB.
THE LINCOLN TRACTION.— A trolley road.
ORGANIZATION.— Incorporated In Nebraska In 1909. Is a consoli
dation of the old Lincoln Traction and the Citizens’ Ry. Co. V. 88 d 506
Holders of the old Lincoln pref. stock ($700,000) received 110 In the new
bonds. Holders of the old Lincoln common ($330,000) got for every share
&
f,'\u.<i“c“ r cS,0<5110t th°
Tr-aotion °I
two. ®J?ares of new pref. and four shares of new common. Holders
new common^" S^0<d£ ^5415,000) received 100% In new pref. and 80% in
ComTmoC»KK“ o.oBo ? 7 s lim
Pref $2,500,000 ($100) 6 % 1 ...........................
53,031,400 ...................
Favorable Decision.— On Jan. 3 1912 Nebraska Supreme Court affirmed
the decision of the lower Court In quo warranto proceedings by the State,
cum from Jan 1 1913_____/ ____
1 9 07 800
Stock.— Both com. and pref. arc listed on Phlla. Stock Exchange?"Pref". refusing to order the cancellation of $1,500,000 stock, lt having been claimed
the same was ’pure water.” V. 94, p. 912. See also V. 93. p. 1363.
stock Is red. after 3 years at par and accum. dlv.
STOCK AND BONDS—
Date. Interest. Outstanding.
M aturity
EARNINGS. Of combined properties for vear ondlmr Tnno 3 0 1 0 1 9
gross (Ily., Lt. & Ice), $691,912; net, $266,429- mlsJ Ineomc teas) S2 2 ’ Common $2,000,000 ($100)— ____ ________ $1,652 000 Sent ’ 12
Q-F
1.112.900 A u g ’ 12 JH %
593; fixed charges, $195,116; surp., $93,906
In 191 i gross ( R v ’ l t A Pref. $1,500,000 ($100) 6% cu . . . .
1st mortgage $1,500,000 gold 11909
5 g J-J
1,091.000 Mar 1 1 9 3 9
mK°<*->• *“ • '« « W
i K
m lV .’000/ " ^ ; .................. c .& rflnterest at New York Trust Co., trustee.
°W Lincoln Trac. mtge. g. $ 1 .- 1899
5 g J-J
250,000 Jan 1 1920
OPERAT1^ ^ . — Constituent companies operate about 9 3 miles of track,
00°) $250.000.........
c*! Interest at New York Trust Co., trustee.
rhev do the electric-light and power, gas. street railway and Ice business of
Bonds.— Of the new Lincoln Traction Co. bonds $250,000 are reserved
Lexington. Also operate city lines In Frankfort and lines radiating from for I?rJ°r “ ens and $lo9,000 are for extensions and Imp’ts at 85% of cost.
Lexington to Georgetown, Paris, Nlcholasvllle, Versailles, and from Frank
, n,rfSl,— 1H % paid quarterly on pref. from Afay 1 1909 to Aug.
fort to Versailles.
lu ij , inclusive.
OFFICERS.— Pres., P. M. Chandler; V .-P., JohnA. McCarthy See A
yu
W
W
year entUng June 30 1912, gross, $607,560; net.
Treas.. J. K. Trimble.— V. 92, p. 1436; V. 93. p. 286, 1191; V. 94,'p U 8 * $181,342, Sinterest,
taxes and dividends, $167,965; surplus, $13,377.
ROAD.—
Owns
54.59
miles of track.
(1 )
K e n tu c k y T ra ction & T erm in al C o.
ORGAN IZATION — Incorporated In Kentucky on May 18 1911 as a con n « ^ I<FERSU ^ P^ - aad Chairman of Board, W. E. Sharp: V .-P ., C. T.
’ T,rcas” s - . ? ' Burnham; Aud.,& Asst. Sec., O. J.
solidation of the Lexington R y., Blucgrass Trac. Co. and Central Kentucky Shaw8’ G m " M o?'
Trac. Co. V. 92, p. 1436. Practically the entire stock Is owned by Ken Vha88’. ^ 6 6 ? ^ 9 0 ^ p Hl'36H3| vP|’l,L^n^ 1fV .G9 t 'p SU9i2.’ F '
Br° ° kS'”
tucky Securities Corp. Franchises perpetual expect those on 7 miles of
track In Frankfort expiring In 1915 and 1925 and 1 mile in YVlnchester
OMAHA LINCOLN & BEATRICE RY.
expiring In 1927.
Is to construct 56 miles between Lincoln and Omaha, of which 6 mll.s
from Lincoln to Bethany Heights Is completed and In operation
Stanrim-n
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
Stock $2,500,000 ($1 0 0 ) .........................................
$2,093,400
g,aU? e.' u7? ;'b- 7 ralK F \™chises, 9 9 ‘ years aSd peipetuaL Furnishes
l 8 t * „r£ ratse $7,500,000 gl
1911 5g F-A
2,053,000 F 'c b 'T io iu
($1,000) guar p & I------- c ’ /Int. at Commercial Trust Co.. Phlla., Trustee
Pas?mw<;nn&f 3 ii
mtg:el 1891
0 K A-0
33,000 See text
EARNINGS.— For 12 mos.end. June 30 1912, gross, $27,147; net, $3,100.
$200,000 ($1 000)------------ tin t, at Amor. Tr. A; Sav. Bk., Chic., Trustee
0 l ' I?rCE.RS,'~J?.r.<fs-’ Harvey Musser; V .-P ., H. H. YVilson; Sec. & Treas.,
kohiy (Sl’ oooi*0 S1'5°0.000l l809 5 g J-D
1.405.000 JuAc 1 1049 ir
II. S. Norton. Office, 1400 O ’ St., Lincoln.
m r i
' f t 7 " ; ; ----- o ’ jflnt. at Continental Tr. Co., Baltimore Trus
Blue Grass 1st mtge $700,000) 1004 5 g M-S
294,000 Mch 1 1 0 3 4
ti ’ ° ? 0) -a&rJInt. at Cleveland Trust Co., Cleveland Trus
LITTLE ROOK, ARK.
Georgetown & Lexington first) 1901
5 g M-N15
200 000 Nov i n m ?i
LITTLE ROCK RAILYV AY &ELECTRIC CO.
SMU? •fml°Sl00 0 0 )>ld (51°i)' M^erest at Cincinnati TrustCo., Trustee, and
$o00 and $1,000)------- cArJ at Standard Trust Co.. New York.
Amer. Cities Co. owns 81% of com. and 80% of pref. stocks.
ORGAm ZATION.— Incorporated In Arkansas on March 17 1903 and Is a
lIcns°Zd7emalnC
d cr‘fo* extensions' ImpmAmnents
n o t™ "™ P,r,l0r consolidation of the Little Rock Traction & Electric Co (granted a new
franchise on Sept. 28 1901 for 50 years; V. 73. p. 784) and the Little Rock
Edison Electric Light & Power Co. (franchise unlimited)
O perates afi
d ay ’after N o y l i o l l a t i o o i n d h n " ' Bonds^ m u “ n W
W n i 1
street railways In city and all commercial electric lighting-also a portlnn of
the commercial lighting In Argenta and Pulaski Ark
Portion of
STOCK AND BONDS—
Date. Interest. Outstanding
Maturity
Common. $1,500,000 ($100).......... 5 J-D
$1 500 000
Ju n ci V
V n ^ - s t i t n 1
/,
Pref. 6 %cum, $750,000 ($ 1 0 0 ) . . . . 6 J-D
750 0 0 0
J u n e’ 1 2 3 8 ?
ann.; $62,000 were held In sk. fd. Sept. 1 1912
Pass A Belt. Rv
3 1st mortgage, $2,000,000,1 1903 5 g A -0
2 000 000
Anlll 1 in v i
mature $15,000 annually to April 1 1916.
as3, * Uclt
bonds
e °ld (51-000)...................CM Interest f t Com. Ger'Zni°a Trus? & sLvln|s
,.
.
,
l Bank, New Orleans, Trustee.
ROAD — Operates approximately 93 miles of track, comprising all street _ ,
Refunding and extension mtg) 1908
6 g A-O
800 000 Anrll 1 1 9 3 8
railways In and about Lexington, 15 miles, and 8 miles of cl tv ilrm In Frank
^■OOO-OO0 ($500 and $ 1 ) Int at Bank of Commerce * Trust Co . Mem
fort and Winchester: also Interurban lines radlat ng from Lexington to
000) gold .
— c I phis, Trus.. or Standard Trust Co.. N Y
Georgetown. 12 miles, to Paris, 18 miles, to Frankfort” ” miles! aSd to
Stock.— Pref. stock Is red. at 110 and accrued dlv.
1
KENTUCKY SECURITIES CORPORATION.— A holding company.
_ ORGANIZATION.— Incorporated In Virginia on Jan. 23 1911 (V. 92,
p. 32..) as successor to the Lexington & Interurban Rys. Co. per plan In
66
[V O L . L X X X X V .
ELECTRIC RAILWAYS
Bonds. — First mortgage bonds are subject to call on 60 days’ notice on
any Interest period at 107 t$. Sink, fund of H of 1% of outstanding bonds
1908 to 1917: 1% thereafter. 543,000 are held by sinking fund. The
refunding and extension bonds cannot be called; $2,000,000 are reserved to
retire 1st 5s and remainder for 80% of cost of additional property If net
earns, for 12 mos. previous have been twice the annual Int. charges on out
standing bonds, lncl. those to be Issued. A sinking fu n d of M of 1% on out
standing bonds commencing Aug. 1 1913 Is to be Invested In these bonds at
not higher than a 4y$% basis, bonds to bo kept alive In fund. The first
8500,000 are to be Issued as 6s; rate on subsequent bonds to be at dlscrct on
of board of directors at not exceeding 6% . .See full particulars regarding
bonds, property, &c., In V. 87, p. 414.
Dividends.— On pref., 6% per annum paid up to and Including June 1912.
On com., 1906, 2% ; 1907, 4% ; 1908, 4 M % ; 1909. 8% ; 1910, 8% . In 1911,
20% . In 1912, June, 5%.
EARNINGS.— For calendar years (pass, carried in 1911, 13,067,399) :
Year—
Gross.
Net.
*Interest. ------ TThPnnn16! ! ^ «i
non
1911 ...$868,874 $417,671 $139,733 pref. $45,000 com.$lo0.000 $82,938
1910
773 244 379.774 140,397 pref. 45,000; com. 142,500 51,877
1909 .V ." 720,371 366,378 133,252 pref. 4 5 ,0 0 0 ; com. 97,500 90,626
* Includes $10,000 sinking fund charge.
ROAD.— Operates 32.3 miles of track. Including 10 miles of double
track
Ralls, 65-lb. and over. 32 open, 37 closed, 16 semi-convertible and
8 work cars; total, 93.
oPT.'Tr'P' p s ;__Pres W M. Kavanaugh; V .-P ., D. II. Cantrell; Sec.,
Geo B R ose-Treas , & Gen. Mgr., Chas. J. Griffith; Aud., W. J. Tharp.—
V 86 p 918- V 87, P 414, 1064; V. 88, p. 1620; V. 90. p. 698; V. 92.
p. 1701; V. 93, p. 1725.
___________
LONG BRANCH, N. J.
MONMOUTH COUNTY ELECTRIC CO.
ORGANIZATION.— Incorporated Apr. 1 1901 as a reorganization of
the Atlantic Highlands Red Bank & Long Branch Electric Ry. In April
1903 was granted a 45-year franchise to operate In Long Branch, In con
sideration of which the town Is to receive ^ of 1 % of gross receipts.
STOCK AND BONDS—
Dale.
Interest. Outstanding.
Maturity.
STStSK-1
’! »
j * ‘T ,
and SI 000) gold...........e*JInt. at Ham. Trust Co..
v:sssi
Biooklyn, Trustee.
Cther debts Dec. 31 1910 --------------------------96,275 --------- ROAD.__Operates In and between Red Bank and Long Branch and from
Red Bank to Oceanic. Total track, 17.71 miles.
EARNINGS.— For cal. year, 1911, gross, $103,513; net, $32,174. In
m in nassenger earnings, $96,762; net receipts, $29,265; other Income,
$2 , 5 8 4 ; fixed charges, $30,812; sur., $1,037.
OFFICERS.— Pres.. William F. Hogan. Brooklyn.— V. 72, p. 86, 391.
LONG ISLAND CITY, N. Y.
Kings County Elevated Ry. at Brooklyn. Also a line from Queens U>
Mlneola via Jericho Turnpike, 5.86 miles. Total, 36.29 miles. Total,
lncl. second track. 41.11 miles. 31 passenger and 9 other cars.
OFFICERS.— Pres., C. L. Addison, Penn. Sta., N. Y .; V.-P. & Gen.
Mgr., VV. O. Wood, Long Island City. N. Y.; Sec. <fa Treas., Frank E. Haff.
Penn. R R . Sta., N. Y.— V. 84, p. 868; V. 88, p. 101; V. 94. p. 1696.
NEW
YORK
&
QUEENS COUNTY
RY.
„ h
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.
ORGANIZATION.— Incorporated June 29 1896 and reorganized on June
30 1899. Purchased the various lines of railroad In Long Island City known
as the Newtown Ry. Co., the Rlker Ave. & Sanfords I olnt R R ., the Stelnwav Railway the Long Island City & Newtown Ry. and the Hushing &
College Point R y. In May 1902 the Queens Ry. was consolidated with It.
and thereupon Increased Its stock from $2,500,000 to $o,000,000
The
Queens R y. succeeded to the property sold at foreclosure of the New York
& North Shore R y., 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. In Sept. 1006 the Railroad
Commissioners granted permission to make a new mortgage for $10,000,000
to provide for refunding, &c. V. 82, p. 1439; V. 83, p. 752.
The new Queensboro Bridge across Blackwell s Island was opened In
1909
On SeDt. 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.
) 373. Through passengers only are carried across the bridge and no extra
are is charged.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock, $5,000,000 ($ 1 0 0 )----- - - - - - - - - - ,3 ’ 225’Snn ............T5;s
Flushing & College Point first) 1895 5 g J-D
50,000
1925
mortgage $ 5 0 0 0 0 . 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
Steinway Ry llrst mortgage) 1892
6 g J-J
1,500,000 July 1 1922
$1,500,000 ($1.000) gold.o* j Int. at MortonTrust Co.. N.Y .C ity, Trustee.
New York & Queens Countyl 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 1006 4 g M-N
See text Nov 1 1936
000.000. gold ($1,000)-. 0 * JWlndsor Trust Co., New York, Trustee.
Current liabilities Dec 31 1911-...................... — - 3,222,468 - - - - - - - - -
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
prior liens. No sinking fund and bonds are not subject to call. Under the
*4. Y. & Queens Co. 1st cons. M. there were originally $2,500,000 bonds out
standing. but the company, having defaulted In payment of Int., reorganiza
tion was 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
trustee. The said bonds are redeemable at 105 and Interest. V. 69, p. 006
ROAD.—The system, with the Queens Railway, embraces 74.47 miles of
trolley track,Including main line,40.24 miles; second track, 28.06; sidings,
5.27. Ralls 77 to 107 lbs., standard gauge; 227 pass, cars, 32 other cars.
REPORT.— For flscal years ending June 30:
LONd ISLAND CONSOLIDATED ELECTRICAL COMPANIES.
ORGANIZATION.— Entire stock Is owned by the L ing Island R R . In
Gross.
Net.
Other Inc. In t.A Taxes.
Dejicit.
corporated In New York and holds majority of stock of the Huntington RR 1911-12 ...$1,298,049 def.$14,13G
$055
$333,412
$346,893
and entire stock of the Ocean Electric R y., the N°HUport Traction Co. 1910-11.
1.202,912
95,870
dcf. 058
323,580
228,368
(2.69 miles), the Nassau County R y., the Glen Cove RR. and the Jamaica
OFFICERS.— Pres., VV. O. Wood; Sec., H. M. Fisher; Treas., J. H.
& South Shore RR. Also owns one-half the stock (the Interborough Rapid Campbell.— V. 83. p. 752; V. 84, p. 804; V. 86, p. 548: V 88, p. 375.
Transit Co. owning the other half) and bonds of the N. Y. & Long Island
Traction and the Long Island Electric Ry.
M A N H A TTAN & JA M A IC A RY.
STOCK AND BONDS—
Date.
Interest.
Outstanding.
Maturity
ORGANIZATION.— Incorp. ln*N. Y. on April 30 1012 (auth .stock
Stock, $25,000 ($100).........
All owned by Long Island R R .
$300,000) to take over the partly constructed line of the South Shore
Trac. Co. (see under Patchogue) within the city limits. On Aug. 0 1912
T n , , W : . N. V .. Trustee®*8 the Pub. Serv. Comm, approved the purchase and the granting of a fran
chise. V. 05, p. 420. The proposed line will extend from 3d Ave. and
Bonds. — Are guar., principal and Interest, by Long Island RR.
o e e t p e r s __Pres
Ralph Peters; V .-P ., C. L. Addison; See., Frank E. 59th St. across the Queensboro Bridge to Central Ave. and the Nassau
County line, In Queens Boro., a distance of lo la
irarHafL N Y^ Treas. J. F. Fahnestock. P hlladelphla.-V . 83. p. 890.
Operates a local bridge service on Queensboro Bridge. V. 94, p. 1696,
(1) Huntington RR.
. . . . . .
. V. 95, p. 420.
_____
ORGANIZATION.— Chartered In 1890. Majority of the stock Is owned
by Long Island Consol. Elec. Cos. All the bonds are owned by L. I. R R .
LOS ANGELES, OAL.
STOCK AND BONDS—
Date.
Interest.
Outstanding
Maturity.
Ah toe s^ o^ ^eH 'dlrec^ ore'^ h ares Is controlled by Souther* Pacific Co.
Fl?s°tk' * mortgage,*0’ $30".65d( 1890 6'j-D
26;000 June" Y m o
ORGANIZATION — Incorp. In California on Sept. 1 1011 as a merger
F rn oo) S
D & I- ____c Int. at U. S. Mtge & Trust Co., New York
11/IlUi U AItUHlV/ w • \
P* W / •
{Metropolitan Trust Co . Trustee.
($500) guar p co ..........
San Bernardino Valley Traction Co.
Pacific Electric Ry.
Redlands Central Ry.
n n i n __Owns and operates a cross-island line from Huntington to Los Angeles Interurban Ry.
San Bernardino Interurban Ry.
Amltyvllle, via Farmlngdale, 18 >4 miles. Opened for traffic Aug. 25 1909. Los Angeles & Redondo R y .
Los Angeles Pacific Co.
Riverside & Arlington Ry.
V. 89, p. 593.
O nSeot H E P applied to Calif. RR- Comm..for permission to sell from
(2) Ocean Electric Ry.
time to tlme as occas^on may arise, $79,161,000 1st ref. bonds (auth. by
n n n ANIZATION.— Incorporated May 1 1897. Entire stock Is owned ^ a?ehold<^s Nov lT l0 t, V 93, p. 872. 1463) for refunding and Impts.,
r <™<rTsiand Consol. Elec. Cos. All the bonds are owned by Long Island extons &c V 95 p 7 5 0 . Of the bonds, $20,839,000 have been Issued.
RR ' On SeSt. 21 1808 acquired Rockaway Village R R . Co.
‘ STOCK AND BONDS.
Date.
Interest. Outstanding
M aturity.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity. Stock $100,000,000 ($100) . . . - - - - - - - - - - - $74,000,000
1 st ref mtge $ 1 0 0 , 0 0 0 , 0 0 0 g/ 1911
5%
20,839,000
Sept.
1 01
,
6( Int at jj, s> Mtgc> & T r. Co., N> Y ., trustee.
First* mortgage, $ 0 ,0 0 0 " " I IMS
5 A -'o "
20’.000 A p r 'l'ig ls ist rei. mtge.
Pac El Co 1st mtge $10,000,-) 1902
5 g J-J
8,494,000 Jan 1 1042
ROAD.— Owns 6.50 miles of track, 21 passenger cars and 2 others.
OOOcmld (SI 000)
-----O /I n t. at Union Tr. Co., San Fran., trustee.
(3) Long Island Electric R y . - A trolley road.
Los Ang & Pas El R y M $1,-1 1898 5 g J-J
1,000,000 Jan 11928
In Jan 1906 control passed to the Interborough Rapid Transit Co
M 0 0 0 0 g guar ($1,000) c*)Int. at 111. Tr. & Sav. Bk. Chic., Trustee.
and the Long Island Consolidated Electrical Companies, each owning one
Can be eMled at 105______ Jor at Chase Nat.
Bank, New York.
Pas'* Mt L 1 st mtge $500,0001 1900 4 g J-D
500,000 June 1 1930
half the stock and bonds.
gold ($1 000)
______ c* )Int. at Union Trust Co., San Fran., Trustee.
ORGANIZATION.— Chartered March 13 1897 as New York
North
Callable at 104 and Interest) or Chase Nat. Bank, New York.
Shore Ry On Oct. 11 1890 was consolidated with the former Long Island
2,537,000 Oct 1 1943
ElectrIc Ry., new company having $2 10P.U00 capital stock and $2,100,000 Los Ang Inter 1st M $10,-1 1003 5 g A-O
0 0 0 0 0 0 g ($1,000) gu-c&r Int. at Union Tr. Co.. San Han , rustee
bonds
On May 7 1902 the lines noith of Jamaica were sold under foieloU.UUU July 1 1U4I
•Unsure to the Queens Ry. Co., which company was then merged In the Cal Pnrlftn Rv 1st mtge gold! 1001 5 g J-J
<*l nnm o-iiar
c/In t. at Tit. Ins. & Tr. Co., Los Ang., trustee.
New York & Queens County Ry. On Aug. 28,1903 old name of “ Long
Island Electric R y.” was resumed. In Aug. 1909 stock was reduced from Loa^Ang-PimRR 1 st M goldl-^HJOR^
uk.& Tr.C o.li?of^n^f trustee*
$2,100,000 to $600,000 by cancellation of $1,500,000 stock “ Hglnally Issued
to represent the piece of road which subsequently became thei Queens Ry.
L<$lA
5
M
^
0
0
^
f
($1
lS
0
0
0
?
mtKe}int.at
B’wayBk.&Tr.COy4
Los?.AiSr.,trustee1.
and now forms part of the New York & Queens County R y. V.89,p.42, o93.
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity.
S teU . . . . 0 0 0 0 m o w
b. . . »J0g|8g j u i V V I H i
($1,000) .........................c*J Int. at Hamilton Tr. Co., Brooklyn,Trustee
EARNINGS.— For year ending June 30 1912, gross, $213,342; net after
taxes, $19,073. In 1910-11, gross, $2 1 4 ,0 6 7 ; net after taxes, $27,JJ0.
L° c o im fCmortgagefl0$H?5M,HInt °at T J r u
ROAD — Comprises 26.56 miles of track on 17.34 miles of road from
0 0 0 gold ($ 1 , 0 0 0 ) sk Id.o* | ^ ^ jF f^ a s ^ N a t !^ B a n k ^ N e w YorkL ° 3
Crescent Avenue, Brooklyn (at the terminus of the Kings County Elevated),
to Jamaica, Hollis and Queensland from Jamaica to Far Rockaway. 37 Los Ang Pac Co 1st ref mtge) 1910 4 (t J-J
of3San °Franm trustee0
$2 0 ,0 0 0 , 0 0 0 g ($ 1 ,0 0 0 ) -C*/ Int. at Un. it- Co. of^hai^Uan trustee.
passenger cars and 8 others.— V. 83, p. 818, V. 88, p. 101, V. 89, p. 42, ouj
(4) New York & Long Island Traction.—A trolley road.
rj°$%00 no o o \ I($CLoSo)1! . .'."o ’ U n t.a t U nlon jrust Co-.^a^Fran^. trustee.
On June 20 1905 control was purchased Jointly by
Interborougb
hOa0 0 ^ 0 0 \ h aZ % e0 0 ^ 55’"jInterest at Los Angeles Trust Co., trustee.
Rapid Transit Co. and the Long Island Consol. Eleo. Cos. v ; 80. p. 2622
Riverside
l ng Ist
M gold/ 1890
4 F-ATr.
14 Co., San
200,000
Aug
14 1919
The Interborough also controls the New York & Queens County Ry.
Kivtrsiue l* ^
Arung
isi m
^ ftt Unlon
Fran.,
trustee.
ORGANIZATION.—This was formerly the Mlneola Hempstead & Free
port Traction (Incorporated on Feb. 27 1 8 9 9 )b u t n am echangcdas above Sin Rprnnrfl Vnl Tr 1st M Kj 1901 5 A-O
44,000
Oct
1 1931
San Bernard Val tr 1 st
B{ Int at Tit. Ins.&Tr.Co., Los Ang., trustee.
on Sept. 22 1902, and stock Increased from $125,000 to $1,000,000.
Karp Decision .— On June 15 1912 P. S. Comm., 2d Dlst., decided that San Bernardino Valley Tr lstl 1903
5 g M-S
833,000 Sept 1 1933
& ref mtge $ 1 ,0 0 0 , 0 0 0 goldllnterest at I.os Angeles Irust Co., trustee.
company Is not obliged under Its franchise to limit Itself to a 5-cent fare
between Hempstead and Belmont I ark. V. 94, p. 1696.
Redl-mds St
St Ry
l?v 1Ist°nUgeC
« F-A
Aug trustee.
11919
STOCK AND BONDS—
Date.
Interest. Outstanding. Last D If. Redlands
st nugc goUl/ 1800 T lt.
ms.&Tr.Co.,50,000
Los Ang.,
Common, $750,000 ($50) .........................................
*M nn«n j^ w d v 'v e
Bpdlanrls Si Tlv 1st AI gold/ 1901 5 M-S
27,000 Sept 1 1031
^Int at T lt. Ins.&Tr.Co., Los Ang., trustee.
Pref., 5% cum., $250,000 ($ > - - - l , 000,000 Nov. 1 1942 Redlands st ity ist ivi
Redlands Cent Rv 1st M gold/ 1907 5 J-J
110,000 July 1 1937
...
<i nnn nno troldl Int. at Citizens Sav. A Tr. Co., Clevo
Redlands cent ty
\Intercst at Los Angeles Trust Co., trustee
<$1 OOOl’ o & r
K (land, trustee, or at 1st Nat. Bank N. Y .
nn M n s
Kart tie Elec . Ity. 1st ref . mtge. are to provide funds to retire
Bands.—Are subjectYo call at 107 at 30 days’ notice, but no sink. fund.
EARNINGS.— For year ending June 30 1912, ^oss, $402,227; net after underiving bonds^also for acquisitions and for corporate purposes. Bonds
taxes, $8 3 ,6 8 5 . In 1910-11, gross, $387,800, net after taaxes, $128,533. a?e tobear Interestat such rate or rates as may he fixed at time of Issue
hv d ir e c t s imt exceeding, however. 5% per ann. Int. M.-S.
ROAD.— Operates an electric line connecting Mlneola■•Hempstead and byp!ieiRr Klee Co W M tge .— A sufllclent amount Is reserved to retlro
Freennrt 7 84 miles Also operates line from Hempstead west 5.58 nrierissnes \inktnn Dtml Is $5,000 per annum, commencing Jan. 1
mlles^ t o ’Queens, where connection Is made with the tracks of the Long 1907 to^S vcfrs- then $10,000 per annum to Jan. 1 1917; $15,000 per
Island Electric Ry. Co. Also a line 17.01 miles long from Freeport westerly annum to /an l ' 1 9 2 2 ! $2 0 : 0 0 0 per annum to Jan. 1 1927; 525,000 per
via Rockville Centre. Lynbrook and Valley Stream, to a connection with the
s a i i ^
at
Sept., 1912. J
annum to Jan. 1 1032; $30,000 per annum to Jan. 1 1937 and $35,000 annu
ally thereafter, said sinking fund to be used In purchase o f the bonds, but
fund may be Invested In other securities If bonds cannot be obtained at par.
Los Angeles A Pasadena 1st Mtge.— Bonds bear the guaranty o f the Los
Angeles Hy. by endorsement. A sinking fund o f $10,500 per year on those
bonds began Dec. 1 1908, and bonds m ay be called at 105 on any Int. date.
Pasadena A Aft. Lowe bonds are guar. p. & 1. by both Los Angeles R y .
and Los Angeles A Pasadena Elec. R y . A sinking fund for those bonds be
gan 10 years from date of bonds o f $5,000 per ann. for llrst 5 years, $7,500
per ann. for second 5 years, $10,000 per ann. for next 5 years and $12,500
per ann. for remaining 5 years.
Los Angeles Interurban 1st Mtge. bonds have a sinking fund, 1908 to 1912,
Inch, $5,000 per ann., 1913 to 1917, inch, $10,000 per ann.; 1918 to 1922,
$15,000 per ann.; 1923 to 1927, $20,000 per ann.; 1928 to 1932, $25,000 per
ann.; 1933 to 1-937, lncl., $30,000 per ann., and thereafter to m aturity, $35,
000 per ann. Subj. to call for the sink, fund at a price to be determined by
the directors. These bonds arc guar., p. A 1., by Pac. Elec. Co.
California Pacific Rg. 1st Mtge. Is for no stated authorized amount, but
Is limited to $20,000 per mile of com pleted track. No sink, fund., and
bonds cannot be called. Guar., p. & 1., by Los A ng.T rac. Co.: see V . 75. p.76.
Los Angeles-Pacific R R ., lsf & Ref. Mtge.— Sufficient bonds arc reserved to
retire prior Hens. 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 1941, $80,000 ann., and 1945
to 1946, $90,000 per ann. O f the $12,500,000 auth., $5,000,000 arc re
served for prior liens.
Los Angeles P a cific Co. lsf R ef. M tge.— $9,202,000 Is reserved to retire
all underlying bonds and remainder for extens., lm pts., &c. Subj. to call
as a whole or in part on and after Jan. 1 1915 on any int. date at 105 and int.
on 3 m onths’ notice. Int. also payable at com pany’s office or agency In
New Y ork. Sink, fund o f $5,000 per ann. $5,000,000 o f the bonds are
guar., p. A 1., by Southern Pacific Co.
■
Los Angeles & Redondo Gen. Mtge. has a sink, fund of $2,500 ann., first
5 years, increasing $2,500 each 5 years thereafter.
San Bernardino Valley Traction lsf * R ef. Mtge. bonds are subj. to call at
105.
R O A D .— Owns 209.41 miles 2d main track, 269.61 miles double main
track and 11.43 miles four main track. Total road, 490.45 miles, equal to
794.35 miles o f single track (not lncl. 87.30 miles o f spurs and sidings), of
which 549.93 miles are on private light o f way and 244.42 miles on public
highway. 14 elec, locom otives, 579 pass, cars., 1,154 freight cars and 72
service cars.
O F F IC E R S .— Pres., Paul Shoup, San Francisco; Sec., If. A . Cullodcn,
Los Angeles; Treas., I. W . Ilcllm an, San Francisco. General offices, Pacific
Electric B ldg., I,os Angeles.— V . 93, p. 667, 872, 1463; V. 95, p. 298, 750.
LOS ANGELES RAILW AY CORPORATION.
Entire $20,000,000 stock, except directors’ qualifying shares, Is owned by
Mr. If. E . Huntington.
O R G A N IZ A T IO N .— Incorporated In California on N ov. 7 1910 as suc
cessor to Los Angeles R y ., and has acquired all the city narrow-gauge lines
owned by the Pacific Electric R y . and the Los Angeles Interurban R y ., and
those portions of the Los Angeles & R edondo R y. and the California-Pacific
R y . Co. lying north of an east-and-west line running through Hawthorne
and Athens, thus com prising all the street railway business of Los Angeles.
V. 91, p. 138®. Over 25% of trackage Is on private right of way. All main
line and practically all down-tow n line franchises extend beyond 1940.
In Dec. 1910 the City Railway Co. of Los Angeles was Incorp. ($5,000,000
stock: all owned by Los Angeles R y . C o rp .l.fo rth e purpose of building new
Ines for the corporation. (V. 91, p. 1766.)
lias made a $5,000,000 mtge
covering new lines when built.
STOCK AN D BONDS—
Date. Interest.
Outstanding.
Maturity.
Stock, $20,000,000......................................................... $20,000,000 .....................
1st A ref. M. $20,000,000 g 11910
5 g J-D
14,500.000 Deo. 1 1940
($1,000) sink, fund ____o * /L o s A ng. Trust A Sav. Bank, Trustee.
Los A ng. R y . M. $5,000,000.1
1899 5 g A -O
5,000,000 O ct. 1 1938
gold ($1,000 ea ch )____c ’ jln t . at Union Trust C o., San Fran., Cal., Tr.
Los Angeles Trac, 1st m tg e.l 1895
6 g M-N
250.000
May 1915
$250,000, gold ($1,000)___JSt. Louis Union Tr. C o., St. Louis, Trustee.
Los Angeles Trac 1st con M .l 1898
5 g J-D
250,000 Dec 1 1938
gold, $250,000 ($1,000) — iS t. Louis Union Tr'. C o.. St. Louis, Trustee.
City R y of L A 1st M $5,000,-1
1911 5 F-A
3,613,000 Feb 11941
000 ($1,000) gold ............c ’ j l n t . at Los A ng. Tr. A S. B k .t Los A ., Trus.
Bonds.— Of the 1st A ref. m tge., $5,500,000 are reserved to retire prior
liens. Int. Is payable at office of trustee, Bankers’ T r. C o., N . Y ., and by
arrangement at Anglo A London Paris Nat. B k., San Fran. Bonds are not
subj. to call. Bonds have sk. fd. of $10,000 per month (lncl. s. f. on under
lying bonds) to be Invested In 1st A ref. bonds at 105 and Int. or less, or In
approved securities; 1st & ref. bonds purchased for s. f. to be kept alive.
$150,000 bonds are held In sink. fd . V. 92, p. 262; V. 94, p. 1383. On
30 days’ notice Interest m ay be made payable at the N at. City Bank,
New Y ork. In t. on both the I,os Angeles T rac. Issues paid at Chase Nat.
Bank, New Y ork. City R y . Co. of L. A . 1st M. bonds have a sink, fund
2% per ann. of principal am ount of bonds, beginning Jan. 1 1916.
E A R N IN G S .— For year ending June 30 1912, gross, $6,206,294.
R O A D .— Comprises 351.08 miles of track; 60, 72 and 87-Ib. rails. Owns
800 cars of P -A -Y -E type. Also has 12 open cars for special summer use
O F F IC E R S .— Pres., II. E . Huntington; V .-P . A Gen. Mgr., Howard
Huntington; See. & Treas., C. A . Henderson.— V . 91, p. 1254, 1386. 1767
V . 92, p. 187, 262, 395; V. 94, p. 1383.
L O U IS V IL L E , K Y .
LOUISVILLE TRACTION CO.—A holding company.
O R G A N IZ A T IO N .— Incorporated In New Jersey on July 5 1903, and
acquired practically all of the stock o f the Louisville R y . Co Holders of
com m on stock of Louisville R y .. on paym ent o f $55 In cash, received three
shares of new com m on stock in exchange for each share o f old Stock held
Holders o f the old preferred stock of the Louisville R y. received share for
share of new preferred, with a bonus of 20% In com m on. The new com
pany provided the Louisville R y . Co. with needed m oney to be used for
Improvements, the railway com pany Issuing $1,100,000 com m on stock
therefor. Sec V. 79, p. 968. In April 1907 authorized com m on stock
of the Traction Co. was Increased from $12,000,000 to $15,000,000. V . 84,
p. 931. In April 1908 preferred stock was Increased from $2,500,000 to
$3,500,000 and the additional $1,000,000 ottered to stockholders at par, all
of which was taken.
The old Louisville R y . Co. was Incorporated Jan. 22 1867, and Is a Ken
tucky com pany, owning all the street railways In the city of Louisville and
Its suburbs. It has $5,500,000 com m on stock and $2,500,000 preferred
stock, practically all owned by the Louisville Traction Co. Franchise*
are partly for 99 years and partly perpetual.
The Louisville A Interurban R y . has been organized In the Interest of
the Louisville R y. to construct a system of urban and Interurban lines. It
has been authorized to borrow $3,000,000. Up to A pr. 1912 no securities
had been issued except $3,746,000 stock (Increased to that amount In Aug.
1911) to Louisville R y. Co. In Jan. 1011 the Louisville A Interurban R R .
acquired the Louisville A Eastern R R . (all of whose bonds, construction
notes, receiver’s certlfs., A c., and about all the stock, was owned bv Louis
ville A Interurban), sold at foreclosure on Jan. 3 1911. V . 92, p. 59, 262.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity
Comm on, $15,000,000 . . - - - - . . .
Q-J $11,889,700 O ct.U 2, 1%
Pref.. 5% cum .. $3,500,000 . . . .
A -O
3,500,000 O et’ 12,2 H V*
Louisville R y gen mtge, g old ,1 1910 5 g F-A
3,000,000 Feb 1 1950
$20,000,000 ($1,000) — - - i le t . at Fidelity Trust C o., Louisville, Trustee
Louisville R y . cons M., gold ,) 1890
6 g J-J
6,000,000 July 1 1930
$6,000,000 (listed N Y) c *1in te re s t payable by Seilgman A C o., N. Y.
|
Trust C o., Louisville, Trustee.
Louisville R y 2d mtge, $2,- 1 1900 4 H i? M S
2.000.000 Mch. 1 1940
000,000. g ($ 1 ,0 0 0 )............Unt. at Columbia Tr. C o.. Louisville. Trustee
Bonds.— $8,000,000 of the gen. M. bonds of 1910 are reserved to retire
prior liens: the remainder Is for extensions and Improvements. Bonds are
not subject to call.
67
E L E C T R IC R A IL W A Y S
Dividends.— On Traction pref., 5% per annum. On com . the first semi
annual dividend, 1 J4% , was paid Oct. 1 1904. In 1905. 3 % . In 1906,
4 % . In 1907, 4 % . In 1908, 3 % . 1909 to 1911 lncl., 4% per ann. In
1912, Jan., 1 % ; A p r., 1 % ; July, 1 % ; O ct., 1 % .
R O A D .— The Louisville R y . Co. owns 165 miles o f track on 72
miles of
street, with 13 H miles outside city limits; all Is electric. Affords entrance
Into Louisville for the Lou. A Nor. R y . A L tg. Co. and Lou. A Sou. Ind.
Trac. Co. The Louisville A Interurban operates 102 miles o f track In Jef
ferson County, with extensions to La Grange and to Shelbyvllle.
R E P O R T .— O f Louisville Railway Co. for fiscal years ending Dec. 31.
Cal.
Gross
Net
Other
Int. & P f.D iv . Common Balance,
Yr. Revenue. Earnings. Income.
Taxes. (5 % )
Div.
Surp.
1911 $3,030,598 $1,287,773 $210,000 $704,416 $125,000 $545,650*$122,707
1910 2,943,081 1,250,790 178,256 658,649 125,000 545,650 *99,747
* In 1911 there was deducted $20,000 ford ep rec., $25,000 for accident fund,
$20,000 for insur., $24,886 for renewals and $17,861 for bond discount,
leaving $14,960. In 1910 there was deducted bond discount, $16,000; deprec., $30,000, and accident reserve, $35,000, leaving $18,747.
O F F IC E R S .— Pres., T . J. Mlnary; V .-P ., A . P . H um phrey; Sec. and
Treas., Samuel G. B oyle. V . 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,
INDIANAPOLIS & LOUISVILLE TRACTION RY.— A trolley road.
O R G A N IZ A T IO N .— Incorp. In March 1912 In Indiana as successor to the
Indianapolis A Louisville Traction Co., sold at foreclosure on March 21 1912;
V. 94, p. 911. Franchises In cities and towns are for 50 years from 1905;
remainder Is on private right of way.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock $1,200,000_____________
_ .
(?))
First m tge $1,500,000 g o ld ) 1912
5 g A -O
$839,000 A'pril 1 1942
($100, $500 and $1,000) _c* j Int. at Colonial Trust C o., P ittsb., Trustee
Bonds.— Of remaining 1st m tge. bonds $625,000 are for lmpts. and extens.
at 80% of cost. Subj. to call on any Int. date at 105 and int. Sink. fd . of
2, %
,begins, ° c t - 1 1917- Increasing 1% each year tOj.and lncl.
April 1 1921, then reduced to 1% per ann. thereafter.
E A R N IN G S .— O f Trac. Co. for year ending D ec. 31 1911, gross, $131,768;
net, $59,562. In 1910, gross, $123,894; net, $50,353.
R O A D .— 40.9 miles o f track from Sellersburg (from which point cars
are run Into Louisville over tracks o f Louisville A Northern R y. A Ltg. Co.)
to Seym our, from which place It enters Indianapolis over the tracks o f the
Ind. Col. A South. Through cars from Louisville to Indianapolis were put
Into operation in 1908. Standardfgauge; 75-Ib. T rails.
O F F IC E R S .— Pres, Jerome Hill; V .-P ., Nathan G. Eyster; S ec., W . P .
W elker; Treas., Jas. C. Chaplin, all of P ittsb., P a .; Gen. M gr., John A .
Greeley, Scottsburg, Ind .— V . 94, p . 911.
LOUISVILLE & NORTHERN RAILW AY & LIGHTINQ.
In Sept. 1912 It was understood that control was to be acquired b y the
Middle West Utilities Co. V . 94, p. 1626.
O R G A N IZ A T IO N .— Incorporated under the general railroad laws o f
ndlana In Dec. 1905 $900,000 o f the $1,000,000 stock o f the United
las A Electric Co. and $232,700 stock o f the New A lbany W ater W orks
)o. are deposited under this com p any’s m ortgage. Has purchased the
ilectrlcal equipment of the Kentucky A Indiana Bridge C o., and leases the
lrldge for 25 years, thus affording Independent entrance Into Louisville.
Company does electric lighting and express and freight business In addition
o passenger business. R oad Is mainly on private right o f w ay.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
M aturity.
_________$3,500,000 _____________
lom m on, $3,500,000 ............. - ___
?ref, $1,500,000, series A A B . . .
Q-J
917,130
See text
st mortgage, $2,500,000, gf 1905
5 g J-D
500,000 Dec. 1 1925
($500 and $1,000)______ c*( Int. at Amer. T r. A Sav. Bank, Chicago,
l Trustee, or at Eliot N at. Bank, B oston.
Bonds.— Unissued bonds can only be Issued for 80% o f cost o f property
jullt or acquired. A re subjeot to call at 105 and Int. V . 82, p. 868.
Stock.— The Series A pref. stock Is 6% cu m ., the Series B Is cum . and
s entitled to 2% In 1906, 3% In 1907, 4% In 1908, 5% In 1909 and 6% In
1910 and thereafter.
Dividends.— Dividends from July 1 1906 on both classes of pref. stock
verc paid at rates called for up to April 1909, when U. % was paid on both
ilasses; same am ount quar. since to July 1912.
R O A D .— Operates 20 miles o f track, Louisville to Sellersburg, with a line
branching off at W atson and running to Charlestown. A t Sellersburg
connects with Ind. A Louisv. Elec. R y ., running to Seym our, where
jonnectlon Is made with the Ind. Col. A S o., thus form ing a through line
ictween Louisville and Indianapolis. The line from Louisville to Charles•own will form part of a through line between Louisville and Cincinnati,
standard gauge. 70 1b. T rail.
O F F IC E R S .— Pres., Samuel Insull, Chicago; V .-P . and Treas.. R . W .
Valte; S ec., F. J. Stratton; Gen. Mgr., Martin J. Insull.— V. 82, p. 509, 868;
V . 94, p. 1626.
1)
United Gas & Electric Co.
O R G A N IZ A T IO N .— Incorporated In Indiana In 1902 and acquired the
yew A lbany Gaslight A Coke C o., New A lbany Light, Heat A Power Co.
Jeffersonville Electric Light, H eating, Gas A Coke Co. and Jeffersonville
Light A Water C o.; also controls the Louisville A Southern Indiana Traction
Jo. Does entire gas and electric-lighting business In New Albany and
leffersonvlllc, and supplies also Port Fulton, Silver Grove and Clarksville.
Franchises, 45 years In New A lbany and 50 years In Jeffersonville from 1902;
n other towns from 20 to 40 years. Guarantees the $250,000 first mortgage
oonds o f New A lbany Street R y . Co.
STOCK A N D B O N D S —
Date.
Interest. Outstanding.
M aturity.
Stock. $1,000,Q00 ($100)..................................... ........ $1,000,000 ........................
Hrst mortgage $750,000 ( $ l.- f 1902
5 g J-J
702,000
See text.
000) g o l d .................. ...... c*( Interest at American Trust ASav. Bank,
[ Chic., l'ru s., and at Eliot Nat. B k.. Bost.
first consolidated mortgage ) 1904
5 g J-J
655.000
See text.
$1,500,000 gold ($500 and)Interest at American Trust A Savings Bank
$1,000)
-------- -------------- c* j Chic., Trus., or at Eliot N at. B k., Boston.
Bonds.— $702,000 1st consols are reserved to retire a like amount of
lrst 5s; $05,000 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
arc callable after July 1 1924 at 105 and Int. See V . 79, p. 2458.
E A R N IN G S .— For years ending June 30. Fiscal year changed In 1910
Torn May 31 to June 30. Figures for 1910 include 13 months.
1911-12.
1910-11.
1909-10.
Gross earnings-----------------------------------$312,682
$299,369
$305,629
Operating expenses and t a x e s . ,____
200,702
192,921
188 O il
Net earnings........................................
I n t e r e s t ....................................................
$112,180
71,393
$106,448
66,175
$117,618
66,484
B a la n c e ........... ....................................
$40,787
$40,273
$51,134
O F F IC E R S .— Pres., Samuel Insull, Chicago; V .-P . and Treas., R . W .
Waite; Sec., F. J. Stratton; Gen. Mgr., Martin J. Insull; Supt., J. W .
Dunbar. V. 80, p. 1236; V 81. p. 1794; V . 82, p. 871; V. 85, p. 737, 1466
(a) Louisville & Southern Indiana Traction Co.
O R G A N IZ A T IO N .— Incorporated In Indiana under the General Railroad
Laws In 1903, and Is successor to the Southern Indiana Interurban Railway
Co. Leases the New Albany Street Railway Co. for 25 years from A ug. 1
1903 (with privilege o f 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 R R . for $10,000 In bonds;
V. 79, p. 1643. In Dec. 1905 acquhed the Jeffersonville City R y . See V.
81, p. 1792. Is controlled by the United Gas A Electric C o., which see
above. Franchises owned are for 50 years: also permitted to carry freight
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity
Comm on. $2,000,000 ($10) ....................................... $2,000,000
Pref 6 % cum . $1,000,000 ( $ 1 0 ) ...............................
434.980 ..........1” "
First mortgage $1,000,000) 1903
5 g M-S 15 1,000,000 S tp t .l5 1923
gold ($500,000 and $1,000) )Int. at Amer. Trust A Sav. Bank. Chicago
c* ......... ..............................--J
and U. S. Trust Co., Louisville, Trustees
New Albany St. R y $250,0001 1902
5 F-A
250,000 A ug. 1 1927
($1,000) guar piln A Inter)Int. at U. S. Trust C o.. Louisville, trustee.
Bonds.— 1st M. bonds have no sk. fd ., but are subj. to call after 10 yrs. at
105 & int. See V . 77, p. 769, 2339. New A lbany St. R y. bonds are subj.
to call on any lnt. date at 105 & Int. and are guaranteed by United Gas & El.
R O A D .— Operates 33 miles of track, Including 10/4 miles leased from
New A lbany Street R y . and also line between New A lbany and Jefferson
ville. and city lines In Jeffersonville. An extension to Louisville was com
pleted In Sept. 1905. Has a contract with "B ig Four” R R . for the use
of Its bridge over Ohio River and with Louisville Railway Co. allowing Its
ears to enter Louisville. Has erected an Interurbau terminal on Third St.,
Louisville. Girder rails, 90 lbs., T rails 75 and 77 (-4 lbs.
O F F IC E R S .— Pres., Samuel Insull, Chicago: V .-P . and Treas., R . W.
W aite; S ec., F. J. Stratton; Gen. Mgr., Martin J. Insull.— V . 81. p. 1792.
L O W E L L , M ASS.
LOWELL & FITCHBURG STREET RY.— A trolley road.
Default.— Default occurred in payment of coupons due July 1 1908. In
J u ly 1912 such coupons were paid but subsequent coupons remain unpaid.
O R G A N IZ A T IO N .— incorporated In Massachusetts In 1903.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity
S tock, $275,000, $ 10 0 ................................- .............
$275,000
.........
First mortgage, $1 000,000/ 1906
5 g J-J
275 000 Jan. 1 1926
gold ($1,000) no s f ______ |S ubject to call at 105 and Interest.
E A R N IN G S .— For year ending June 30 1912, gross, $56,487; net, after
taxes, $19,661.
R O A D .— Operates 14 miles between North Chelmsford, a suburb of
Lowell, and the village of A yer, with a spur running from North Chelmtord to W estford; connects at North Chelmsford with Lowell St. R y .
and at A yer with Fitchburg & Leominster St. R y . Has 7 passenger
cars, 1 snow plow and 2 other cars.
O F F IC E R S .— Pres., James W . Green, Glovcrsvllle, N . Y .; S ec., D . C.
Parsons, A yer; Treas., Jeremiah W ood , Gloversvillc, N. \ . — V, 92, p,
1178, 1565.
_
M cALESTER , O K L A .
CHOCTAW RAILW AY & LIGHTING CO.
O R G A N IZ A T IO N .— Incorporated In June 1905 as successor to tht
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 BON DS—
Date.
Interest. Outstanding.
Maturity.
$740,900 -------- -------S tock, com .. $750,000 ($25)........................................
Pref. 6% cum , $250,000 ($25)......................................
248,500 ....................
1st m tge. $1,500,000 goldl 1908
5 M-S
906,500 Mar. 1 1938
($500 and $1,000)................ /M cA lester Trust C o.. Trustee.
Bonds.— In t. at Colonial Trust & Sav. Bank, Chic.; N at. City Bank,
N . Y ., and Mercantile T r. Col. St. Louis. Bonds are subj. to call after 1913
at 105. Remaining bonds m ay be Issued, under certain restrictions, for
add'ns and acquisitions. V. 88, p. 1619. $10,500 have been retired through
sinking fund.
E A R N IN G S .— For cal. year 1911, gross, $192,530; net, $71,354. In
1910, gross, $197,905; net, $63,113.
R O A D .— Operates In cities of McAlester and Hartshorne, and an Inter
urban, over private right of way, between the two cities. 23.26 m. of track
Standard gauge; rail, 66-70-lb. T . 12 passenger cars, 7 other cars.
O F F IC E R S .— Pres., William Busby. McAlester; V .-P . & Gen. M gr., L . E.
Fischer, St. Louis, M o.; Treas., C. W . Dawley; Sec. & Au<l., B . It. Stephens,
M cAlester.— V . 78, p. 2334; V . 80. p. 2458; V . 81. p. 264; V . 86. p. 546;
V. 88, p. 1619.
__
M cK e e s p o r t ,
pa
.
PITTSBURGH McKEESPORT & WESTMORELAND RY
Receivership.— On N ov. 14 19U on application of the Traction Materials
C o., in which Vlce-Pres. I. I. R obertson Joined. James B . Sccrist was ap
pointed receiver. V . 93, p. 1387.
O R G A N IZ A T IO N .— Incorporated In Pennsylvania In 1906, and on
Jan. 29 1910 took over the Plttsb. & Westmoreland R y . Co. (V . 90, p . l l l ) ,
exchanging, bond for bond.w ith the exception that the coupons for 3 years
from Dec. 1 1908 were rem oved and placed with a fiscal agent for collec
tion or cancellation, depending upon the sufficiency of earnings. All but
about $2,500 bonds (out of total Issue of $350,000) were exchanged.
Franchises perpetual and permit the carrying o f freight and coal.
STOCK A N D BONDS—
Date.
Interest. Outstanding. M aturity
S to ck , $2,000,000 ($50).................................................
$500,000 ....... ............
1st m ortgage $2,000,000 gold / 1906
5 g J-D
431,500 Dec. 1 1936
($500 and $1,000)............c ’ lln terest at Harrisburg Trust C o., Trustee.
R eceiver's certificates------------- ----------------------50,000
--------------Bonds.— Bonds have no sinking fund, but are subject to call at 110 and
int. on and after Dec. 1 1916.
V . 89, p. 994.
R O A D .__Runs between Irwin and M cK eesport, about II miles, using
W est Perin R y . Into M cKeesport. Gauge, 5 ft. 2 /4 Inch. 70-Ib. T rail
and 73 and 90-lb. girder.
O F F IC E R S .— Pres., Andrew Peck. B klyn., N . Y .; V .-P ., I. I. R obert
son, W est Newton; Treas., George D. Cook, 71 B roadway, N. Y .; See.,
Jas. B . Sccrist, W est Newton.— V . 87, p. 1421; V . 88, p . 565; V . 89, p.
994; V . 90, p. I l l ; V . 93, p. 1387.
MACON, G A .
GEORGIA LIGHT, POWER & RAILWAYS.
O R G A N IZ A T IO N .— Is a voluntary association form ed under Massa
chusetts laws In 1911. lias acquired all the com . stock of Macon R y . &
Light C o., practically all the com . & pref. stocks of Macon Gas Co. and $2,
264,800 fof the $4,000,000] stock and $450,000 notes of tho Central Georgia
Power Co.
STOCK A N D BON DS—
Date.
Interest. Outstanding. Maturity.
C om m on. $8,000,000 ($ 1 0 0 )..
.................. ........ $6,264,800 ............ ..........
Pref.,$2,000,000 6% n -c .($ 1 0 0 ) ................ ................
457,800 ----------------First Hen m tge., $6,500,000/ 1911
5 M-S
2,230,000 Sept l 194]
gold ($1,000)_________c*& r]N ew York Trust C o.. New York. Trustee.
Stock and Bonds.— Pref. shares are callable at 110 and aro pref. as to prln.
and dividend. Common stock Is listed on London Stock E xchange.
The remaining 1st 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. L t., Pow . & R ys. Red.
at 105 on any int. date on 30 days’ notice. Prln. & Int. payable at office of
A B Leach & C o., 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 and London stock exchanges.
E A R N IN G S .— For 12 m os. end. Feb. 29 1912 (Macon R y . & Lt. and Ma
con Gas C o.), gross, $640,375; net, $250,149; fixed charges, $67,744; surplus,
P R O P E R T Y .— Through controlled com panies operates entire electric
railway,electric light and power and gas business In Macon: also a substan
tlal electric power business in Forsyth, Jackson, Barnesvllle and Griffin
It was expected in April 1912 to deliver electric power in Atlanta, Thornaston and Monticello in the near future.
O F F IC E R S .— Pres., Philip G. Gosslcr, N. Y .— V . 93, p. 1532, 1668,
V. 94, p. 630; V. 95, p. 544.
(1) Macon Railway & Light Co.
Practically entire com . stock Is owned b y Ga. L t., Pow . & R ys.
O R G A N IZ A T IO N .— Incorporated In Georgia on O ct. 23 1902 by the
Railways & I lght Co. o f America as a consolidation of the Macon Consol!
dated Street R y. the Macon Electric Light & R y ., the North & South
Macon Street R y . and the Metropolitan Street R y .
The city ordinance per
mitting the consolidation, passed on S ept. 16 1902, granted a 50-year
franchise. For terms, sec V . 75, p. 733.
STOCK AN D BON DS—
Date.
Interest. Outstanding. Maturity.
Comm on, $900,000 ($100)....... ......................... ..........
JAa n /,1*. ^’ 4 %
Pref., $300,000 ($100) 6% c u m ____
6 A -O
283,600 Apr 1 2 ,3 %
Macon R y & Lt 1st cons m tge/ 1903
5 g J-J
959,000 Jan 1 1953
g, $1,000,000 ($1,000)-.c * \ I n t . at Trust Co. of Am erica, N . Y ., Trustee.
Macon Elec L t & R y 1st m tge/ 1899
6 g J-J
42,500 Jan. 1 1929
$100,000 ($500) gold ____c * l l n t . at Bowling Green T r.C o., N. Y ., Trustee
[V OLi. LXXXXV.
E L E C T R IC R A IL W A Y S
68
Bonds.— Macon R y . & L t. 1st consols arc subject to call on any Interest
date at 110 and int. $41,000 bonds, $2,300 com . and $16,200 pref. stock
are held by Savannah Trust Co. to retire tho $42,500 bonds remaining o u t.
See V. 76, p. 212.
Dividends.— 6% per annum has been paid on preferred 1903 to 1911 In
clusive. On com . 1st d lv .— 3 % — paid July 1910; S ept., 1 /4 % : In 1911,
Jan., 1 /4 % ; July, 3 % . In 1912. Jan., 4 % .
R O A D .— Owns and operates about 32/4 miles of track, all of which has
been re-lald with 70 lb rails.
R E P O R T .— For years ending Dec. 31;
Calendar Gross
Net
Tnt.& D iv. on
D lv. on
Other
B at.,
Years— earns.
earns. taxes. p f.( 6 % ) common.
exp .
surp.
1 9 1 1 ____ $512,350 $234,395 $70,771 $17,016 (4/4)$39,947 $23,526 $83,135
1 9 1 0 ____ 443,833 207,431 68,900 17,016 (4 /4 ) 39,947 23,273 58,295
O F F IC E R S .— Pres., W m . II. Felton; V .-P s., P. G. Gosslcr and T . F.
W ickham ; Sec. and Treas., M. G. Ogden.— V . 86, p. 421, 1664; V. 89,
p. 529; V. 91, p. 945; V. 93, p. 1532.
(2)
Macon Gas Co.
O R G A N IZ A T IO N .— Incorp. In Ga. In 1852. W as form erly Macon Gas,
Lt. & W ater C o., but in O ct. 1911 transferred Its water plant to the city
and changed name to present title. Controls entire gas business of M acon.
Practically all the $200,000 com . and $300,000 pref. stock Is owned b y Ga.
L t., Pow . & R ys. Company has no bonds.— V . 93, p. 942, 1537.
(3) Central Georgia Power Co.
Georgia L t., Power & R ys. owns $2,000,000 of stock and $4,500,000 notes
O R G A N IZ A T IO N .— Incorp. In Ga. on Mch. 4 1907 as Bibb P ow . Co. and
In Jan. 1908 changed name to present title. Began operations June 1 1911.
STOCK A N D BONDS—
Date.
Interest. Outstanding. M aturity.
Stock, $4,000,000____________ ____
__________ $4,000,000 ...................
Mortgage, $3,000,000 gold / 1908
5%
3,000,000 May 1 1938
(See V . 88, p. 1 1 9 9 )............/W in d sor Trust C o., New York, Trustee.
450,000 ___________
N o te s .................................................................................
Bonds.— Int. on bonds Is payable at office of A . B. Leach & C o., N . Y .,
or Bank of Scotland, London. S ubj. to call at 105 and Int. for sk. fd . or
any or all at c o ’s option on any lnt. day beginning M ay 1 1913. Sk. fd .
of 1% of bonds out begins in 1913. V . 88, p. 1199.
P R O P E R T Y — Owns hydro-elec, plant (capacity 16,000 elec, h.p .) on
Ocmulgee River, near Jackson. Transmission lines extend to M acon, F or
ty th and Griffin. Extension of lines to Barnesvllle, Jackson and T hom aston is under w ay.— V. 93, p. 1536, 1670.
(4) Central Georgia Transmission Co.
Is controlled by Ga. L t., P ow . & R ys. Co.
O R G A N IZ A T IO N .— Incorp. In Ga. In N ov. 1911 (stock $10,000) to erect
transmission lines from Atlanta to connect with lines of Cent. Ga. P ow . Co.
M ADISON , W IS .
SOUTHERN WISCONSIN R A IL W A Y CO.— A trolley road.
O R G A N IZ A T IO N .— Successor to the Madison & Interurban Traction C o.,
which was Incorporated In Jan. 1905, and on Sept. 1 1905 purchased the
Madison Traction C o., which was Itself successor to the Madison E lectric R y .
Franchises expire In 1932, 1938 and 1944, and are practically exclusive.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity
Stock, $100,000 ($100).................................................
$50 000 -----------------viad 8s Interur Trac 1st mtgel 1906
5 g M-N
685.000 May 1 1931
$685,000 gold ($1.000) .c * lin t, at Citizens’ Sav. & Tr. C o.. C leve.. Trus
Gen m ortgage, $2,000,000 g\ 1907
5 g J-J
500,000 June25 1932
($500 and $1,000)............c*\Int. at Merch. Loan & T r. C o., C hic., trustee.
Bonds. — Mad. & Interu. Trac. m tge. was for $1,200,000, but m tge. was
olosed and only $685,000 Issued, the balance being canceled. W hole Issue
oallable on any lnt. date at 102 and Int. on 60 days' notice. Originally
bonds had no s. t., but by terms of a supplemental m tge. $10,000 Is payable
Aug. 20 1912, $15,000 A ug. 20 1913 and $20,000 annually on each A ug. 20
thereafter until m aturity. V. 92, p. 1566. Of the gen. m tge., $685,000 are
reserved to retire above prior liens.
R O A D .— Owns 14 miles of standard-gauge track. Including lines In Madlion, and extension to Fair Oaks, Elmslde, Lake Park Cemetery and South
Madison.
_____
. ,,
R E P O R T .— Year ending Dec. 31 1911, gross, $196,303; net after taxes,
$83,575. In 1910, gross, $179,269; net after taxes, $88,225.
O F F IC E R S .— Pres., F. W. M ontgomery; V .-P . Dudley M ontgom ery.
Sec & Treas., W arren M ontgomery; S upt., D . M ontgom ery.— V . 79.
0. 501; V . 80, p. 1174; V . 83, p. 96, 156; V . 92, p. 1566.
M ANCHESTER, N . H .
MANCHESTER TRACTION. LIGH T & POW ER CO.
O R G A N IZ A T IO N .— Incorporated In 1901 In New Hampshire and com
prises the several light, power and street railway properties In and acround
Manchester. The com pany owns the stock of the Manchester Electric C o .,
which controls the Manchester Electric Light Co. and the Manchester Street
R y.; also owns entire $175,000 stock of the Manchester & Derry Street R y .
Manchester St. R y . stock now authorized and Issued, $1,219,500.
In June 1906 Manchester Traction Light & Power acquired the entire
$200,000 (now $240,000) capital stock of the Goffs Falls Litchfield & Hudson
Street R y. (name changed In Feb. 1907 to Manchester & Nashau Street
Ry.) and Issued $350,000 stock to pay for the same and to provide cost of
improvements, &o. See V . 82, p. 1380.
In N ov. 1908 the Comm, authorized the Manchester Trac. L t. & P ow . Co
to Issue $400,000 additional stock to take over the stocks of the Manchester
* Nashua St. R y. and the Manchester & Derry St. R y . At the same time
riie Comm, authorized an Increase of $40,000 In stock of the form er com
pany and $50,000 Increase In latter com pany’s stock. V . 87, p. 1420.
Franchises perpetual.
_
, . ..
STOCK—
Date.
Interest. Outstanding
Maturity.
Stock, $5,000,000 ($100)....................
Q J 15
$2,800,000[ O c tl5 ’ 12 2%
first consol mtge, $2,000,000,/ 1901
5 g A-O
1,750,000 April 1 1921
gold ($1,000)___________ c*lInterest at American Trust C o., B oston, I r .
Manchester Electric Light Col
1
first mortgage $250,000
J 1897
5 g A O
250,000 O ct. 1 1017
Goffs Falls Lltch & Hud 1st Ml 1006
5 g J-D
200,000 June 1 1926
gold $300,000 ($1,000)____ (Interest at American Trust C o., Boston, T r.
Man & Derry St R y 1st mtge, l 1907
5 J-D
125,000 Dec 1 1927
$500,000 ($1,000), guar___lin t, at American T rust C o., Boston, 1 rustee.
Bond*.— Of the new first consolidated mortgage $250,000 are reserved to
retire the bonds of the Manchester Electric Light Co.
1 he Goffs
Palls Litchfield & Hudson and the Manchester & Derry St. R y . bonds
are guar. prln. and Int. b y Man. T ra c.. Lt. & Power Co.
R O A D .— The different roads controlled comprise 64.0o8 miles of track as
follows; Manchester Street R y ., 41.368 miles; Manchester & Nashua Street
R y . (formerly Goffs Falls Lltch. & H ud. St. Ry.)> 14.J3o miles; Manchester
& Derry St. R y ., 8.355 miles.
, ....
Dividends.— First dividend o f 3 % on July 15 1901, *w 1002. 6 /o', In 1903
changed to quarterlvi, 7 (4 %; In 1904, 6 % : In 1905, 6 %; In 1906. 7 %: in
1907, 8 /4 % ; 1908 to 1911, IncE, 8 % per annum; 5% extra dlv. In 1911-12;
in 1912, Jan., 2 % ; April, 2 % ; July, 2 % ; O ct., 2 % .
R E P O R T .— Of the Manchester Street R y . for years ending June 30:
Gross
Net.
In t.A Fax.
•Dividends. Surplus.
1911-12
- $412,532 $93,704 $16,324
(6% )$73,170 $4,210
1910-11
397.519 93,999
12,691
(6% )73,170
8,138
i 9 0 9 - i o : : : : : : : : : : : : : 384:798 87.833
12.507
( 6 % ) 7 3 ,m
2.156
• This Is dividend on Manchester Street R y. stock
E A R N IN G S .— Of Manchester T ra c., Light & Power Co. for year end
ing June 30 1912, gross, $503,874; net, 5356,301, other income, $76,706;
Interest & taxes, $124,000; dlvs. (1 3 % ), $364,000, deficit, $o(,9 9 3.
O F F IC E R S .— Pres., E . C. Foster; Treas., S. Reed A n th on y.— V . 87
p. 1160, 1420; V . 93, p. 1 7 8 7 . ______
M A N ISTEE, MIOH.
MANISTEE LIGHT & TRACTION CO.
Sold. — Interest and taxes being In default, and a receiver having beet
appointed (V .8 8 ,p .l5 8 ), road was sold to bondholders com m ittee on Feb. 15
1911. The com m ittee (V . 88, p. 506) has been considering the advlsabl lty
of selling the property at auction. If this Is not done, the com m ittee will
raise sufficient funds to rehabilitate the property and operate lt themselves.
Up to Jan. 1912 no sale had been made.
S e p t ., 1 *12.]
E L E C T R IC R A IL W A Y S
O R G A N IZ A T IO N .— Organized In 1006 In Michigan as a consolidated
o l the Northern Michigan Traction and North Western Michigan L t. <5
Does thc Sas, electric light and street railway business In Manistee
l'ller City and East Lake. Franchise 30 years from 1904.
R O A D .— Operates 10 miles of track. Gauge 4 ft. 8 ^ In. 35 to 40-lb
T and 85-lb. girder rails. 30 cars. Operates a 50-acre park on Lakt
Michigan.— V . 85, p. 864; V. 88. p. 158.
M ARION, IL L .
COAL BELT ELECTRIC RY
In 1004 passed Into control of the St. Louis Iron Mountain A Sou. R v. Co
STOCK A N D BON DS—
Date.
Interest. Outstanding
M aturiti
S tock, $300,000 ($1001--------------------------$300,000
E A R N IN G S .— For fiscal year ending June 30 191
gross, $57,520; net
$14,825. In 1910-11, gross, $47,178; net, $7,383.
R O A D .——Operates 15.33 miles of track from Marlon to CartervlIIe am
Herrin. Standard gauge. 52 to 70-lb. T rail.
O FFIC E R S . Pres., Geo. J. Gould; V .-P ., E . J. Pearson; Gen. Mgr
A . W . Sullivan; Sec., F.
_ . . .W
. ._Irland;
„
Treas., F. M. Hickm an; Gen. And
J . G. Drew, St. Louis; Supt., W E . Merrifleld, Chester.
MASON C ITY, IO W A .
MASON CITY & CLEAR L A K E R R . CO.
V olle? road- Operated since July 1897
r
*5*1, 1 waX ®3 feet wide from Mason City to Clear Lake, 9 miles
frehdfrnnmi1!,1?^ ,wRh»V? arK! between two cities, 20.78 miles. Handles all
Wrlft ^
toC^ n/5 .? ° ^ ? r
& S t- L°uls, Cldc. R. I. A P a c., Chicago & North
Ohic. Great W est, railways between Mason City and Clear Lakt
fra n ch ises run until O ct. 31 1935.
BON DS—
Date.
Interest. Outstanding.
M aturiti
oiOCli 54UU.000____________ _ ____ __________ _
<400 000
1st mortgage $100,000 g o l d - . / -----6 J-J1 5
.'to’,000 $3io6o"y’h
b
,
„
. . .
'
I n t . a t 111. T r . & S a v . B k . , C h l o . , T r u s t e e .
F sSrVnf Mi$«., ‘>
n A j?0 0 g (510? ) r 1912
0 «■ J- n
294,000 June 1 1932
$500 and $1,000)- --------c * /I n t . at First Tr. A Sav. Bk., Chic., trustee
Bonds.— $.16,000 1st ref. bonds are reserved to retire okl 1st M bonds
remaining $2,170,000 bonds are for extens. and b ett’ ts at 75% of cost proa{io!la n?einr,a™j.nP . arc 1 K times Int. charge (Incl. bonds to be Is
sued). R ed. at 105 and Int. on any Int. day. Sinking fund of ZK. nor anbo£ds.r° V . 94e P 1i704tO provIde for add’ns and b ett’ ts or for purchase of
$3F ^ 4 0 ^ 1^ ^ ^ 9 7 lF°gros^ I$^41,<l3(); 'net? $40,935^' ^
* 10«’ 090'' nCt
Aud!',FGC ER pcckP- V . 94; i!':-1764CC; SCC’ &nd GCn' M gr" F ' J - IIanl° a
MATTOON CITY, IL L .
CEN TRAL ILLIN OIS PUBLIC SERVICE CO.— A trolley road.
a
n
? S
S
^
&
In Illln,ola ,ln 1902 as the Mattoon City R y.
" “ H on Au.?*«
changed Its name to the above. V. 91. n 055
Owns
*1° caP^a| s^ock of the Mattoon Light, Heat & Power Co. said stock be
Ing deposited under the R y . C o.'s 1st mtge. T hc Power com nanv has no
anddCharleston exnb-^?o«neXPiTC ln 1930' ,RaIlway franchises In Mattoon
T h t V n T r ? ^ « A V 96?V P 1}8 c.?atract for 10 Years from 1910 for city
s .r io '000 to simoon n ^ '
aaUL^a29
' 2 Increased capital stock from
a ( l r r f m t i .6’
5 o00,
p rct) ’ ° n A ug. 31 1912 made a 1st
1791 non
! the First Cont. Trust A Sav. Bank, Chicago, of which
i,. 9 i000
vcd to retlre prior liens. It Is understood that com pany
V 9 r))Cj ) 1 o l 8 U1 " K numerous Plants ln Central and Southern Illinois.
69
M E A D W L L E & CAM BRIDGE SPRINGS ST. R Y .— An electric road,
n
c i . 9 n P e c-, 1 fRPO Int. on 1st M. bonds was defaulted. V. 91,
Sa ', u
m tge. bondholders have form ed a com m ittee with I). R . Hill,
c o m n f n v W f a k o V- 9E p. 336, 580 . B ondholders’ com m ittee Is directing
tlon o f th is m m m n IP f’ pPt ‘ A,191? negotiations were under way for acqultlon o f this com pany b y the Northwestern Pennsylvania R y.
Fi;S7f'0mtfL,A ^ P n Bn P n P 'l7 7o1 DateInterest. Outstanding.
Maturity.
rnlHm Se 5300,000 ($o00)\ 1002
5 g J-D
$300,000 July 1 1932
g o m ............................ ........ c* /G u a r. T itle & Tr. C o., Pittsburgh, Trustee.
Bonds. Subject to call after 20 years st 105 and Interest.
I ^ ; ? K IN £ S -— For year end- Junc 30 1911, gross, $40,898- net SI M l..
Sp -lnirs 3f o 7 r o m f. 10,20 m ’,les ° f V 'T 1' between Meadvllle and Cambridge
— V 9-; p ™ 3 n th° con n cct'ng link between Meadvllle and Erie.
M EM PH IS, TEN N .
MEMPHIS STREET R A IL W A Y CO.
n R C A & m v wrli M % co n l- and 38% pref. stock.
sol?daG d w iflf ^ Ie°fuii7pna?Qferei ln Tennessee on March 28 1895 and con i h s & R M H p h W n ^ o P ? St. East End S t.. City & Suburban and Mempms * Raleigh Springs lines; franchises run until N ov. 1945
Does the
?"nelghUS n r ^
thc plty - including suburbs of Binghamton,
Memphis. Isidore Newman & S otf of New
rendered0 a ^ec^smn^hnhiin'o’ ^nPt'iiH 1907P,he Supreme Court of Tennessee
certMn reduced fni^o00 -!)’D5= nva Jd the Malone ordinance providing for
stated condrmed the mL 8 n P' ,654- , ,The Supreme Court has also, lt Is
to charge flv e ^ n t fare
P y 8 franchlses ln a“ respects. Including right
0oSmT ° $ ^ 0 A0 ^ 0 B(^00P)Sr
D ate- IntereStC r t l., s$2,500,000
t snn mw 5
i K%. cum .1 .................. - - - $ 2 ,5 0 0 ,0 0 0
($100)red at llO & accr dlvs)
2,500,000
m eg.. $10,000,000,
11905
°°g o id Tscc tex^V1’ 909' 00^'*^!-! 1
8
, 4
3 8^437,000
7
iooo
- M °turit>.
J u n e ’ 12,1%
Junc ’ 12. 1 \Z
July
1945
JJ
Uu T /112 m
i
citg80J t .(Re^ i x,i, M:;,*t-i;oco,:,f ir 8 r s^ ^ Jer a ,W o ^ o ^ jL TJu^ ie(
gold , no s f , not red ------- c* 1In t. at Arm
f N
n i at
.11 E x. Nat
J^a t - Bk
B k. oof
N .Y Y. . and
, K
'
fi , U1e ,* 1 ° i90^ 900 new bonds? $906,000 arePireserved *tc
$ lo Z000 reg!s?e?edb ° DAS- ™ f y
ln denoinlnatlons o f^ f'.o o30
o ''cco u p o n ^ n d '
510,000 registered. Are not subject to call
Sinking fundd $25.0
*2 5 0 0 0 n ».
1925-1
$?n ^ 0
5 3 B ond i 1l° 15i 1ki *3 5.000. 1920-24; $40,0000 1925-29
and
lio n 9 « ; r 5nrteB ond sJ n, sinking fund are kept alive. 628D'lB
1499- „ L75.000 "w e T e ;h e ld ir s ln \ in 7 V n d s 7 P7 . T a il.' SCC V ' 82> P'
o , ° n pref- stock 5 % paid since Issuance up to and Including
R F P n n -r
’ fl's t d iv .— 1 % — paid June 1912
R L P O R 1 .— * o r year ending Dec. 31:
1911
G$ T so ^ aTnieafter Taxes. Int. & S k .F d
Surplus.
f 9 },1, ....................^J’ 09? ’ 490
* 79?-5?9
$464,326
$236,334
V o A b m b w S . V I K S e , o f t r a c k o f ’whloh 46.03 K
la a o u b l S i f k ’
313Mcars h S End suburbs- Rails 00 to 80-lb. T and 60 to 107-lb. girder!
OF1-ICERS. — Pres, and Gen. Mgr., Thos. H Tutwiler* v -P
t
p
V r 9.!lt:,)SCi i 8& Treas-’ VV- H ‘ Burroughs; A ud ., L. L c M i i y - v . 'w ', ' pI j'564;
M ESABA, M INN.
MESABA ELECTRIC R A IL W A Y CO.
O R G A N IZ A T IO N .— Incorp. on Feb. 19 1912 In Maine as a holding
com pany to own all thc stock o f the Mesaba R y. Co., which com nanv was
Incorporated In Minnesota In Jan. 1911 as an operating com pany to build
Common $3,^?0,0?0N DSDaU '
InterCst- ° ut^ < i i n g .
M aturiti
a passenger and freight electric road on thc Mesaba Iron Range Minn
Preferred $2,500,000______
M
connecting thc towns o f R ibbing, Chisholm, Buhl, Mountain Iron Virginia’
Evcleth and Gilbert, a distance of a bou t 36 miles. V. 94 n 1317
Ron i
F1” t mortgage $330,000 gold) 1906
5 g j '- j '
280.000
See' ' t e a
will be on private right of way except in towns, with steam road construc
Firs* A°ref m o r t^ a g -e ::::.
^ " - 1: at 1St T r- & S av- BV , Chlcag0' Truster
tion. Expected to be com pleted In 1913.
Tem porary n o t e s ........................... ...
r,%
l.io 000 ..................... « i ^oao 9rst i®1’ 999k000 ^,csal?a Ry. 1st 5s were underwritten on basis of
,
'f’ he 1st mtge. bonds arc due $10,000 annually on J a n '.T fro 'n
$ l ’ 200 cash18’ JO0° PrCf" and 5750 COm' St° Ck (° f Mesaba E lec- R y ) for
are su bjcctfto c a l i W o S ^ a n d ln t ? * 210' ° 00 ° D J an‘ 1 1021’ Thcso bondt
STOCK A N D BON DS—
Date.
Interest. Outstanding. M aturity.
Common $2,500,000 ($100)
$1,500,000
o h f r i ^ ^ L b V ^ r p m s , ^ . ^ ^ 0, gr° S8> ?141>° ° 9: DCt> 545'° ° 8; flxcd Pf $1,250,000(5100) 7% n-c
500,000 ..............
Mesaba R y 1st M $2,500,0001 1912
. R ° A I ). Consists of 15 miles of track In and bet. Mattoon and Charles
3 , ^ A 8
nlmA1i ^ ' 5, 00',000.\ r1912
5 P M -S
1,000,000 Mch 1 1932
$1V?00) fink fund c * /I n t . at American Tr. Co., Boston, trustee.
and 72’ lb - r rail. Standard gauge. Also does electric light and
Remainingbornis arc reserved for future additions, Impts., &c.
povver business In M attoon, Charleston and Kansas.— V . 88, p. 52- V 91
p. 655; V . 95, p. 618.
’
^
f in l ? 1i / l / i , a 8 iV,v 1°1c o r in part for sinking fund at 105 and lnt. Sinking
°r total bonds certified, begins Jan. 1 1917.
O F F IC E R S .— Pres., R . J. Richardson; Sc
Sec., Merrill Griswold; Treas.,
S. F. Shannon.
M AUC H ^C H U N K, P A .
™ r°y.iCn S„ or Mesaba B y. (operating c o .) — Pres., Oscar Mitchell; V .-P .
CARBON TRAN SIT CO.— A trolley road.
D -B aiiey; Sec. & Treas., F. M. Emanuelson; Gen. Mgr., H . S. Newton.
__° « Q A N I Z A T I O N .— Incorporated In July 1908 ln Pennsylvania as a re U ■•
V. o4, J). 1v 17.
organization of the Carbon Street R y.sold at foreclosure sale May 16 1908.
Jmwfin^tyfhS b,e,n*i Improved b y reconstruction, new equipm ent; A c., In
sate '.tvtrn'roTeMj
M
15
s tS ?
o Sm “ ! r
Maturiti/.
1st mtge $150,000 ($100 a n d /' 1908* *5"i*F-*A**
150 000 A u i 'V i n v t
*500) gold .........................c - ( Int. at Mauch Chunk Tr. Co ,°MaucS C hink
„
l Pa., trustee.
Second m tge $100,000 gold) 1910
5 g J-D
? 500 June i m in
($100 and $500)------------- c ‘ (I n t. at Afauch Chunk Tr. c d .. Trustee
Current liabilities Deo. 31 1 9 1 0 ____
,,
$22 619
C° '
Bonds.— First mtge. bonds may be called at 105 and Int. on a n v T n t'd a v
after A ug. 1 1913. Second m tge. bonds arc red. In any amount on anv Int
day after June 1 1915 at 105.
y ln t'
E A R N IN G S .— For calendar year 1911, gross, $52,560; net, $14 848
R O A D .— Comprises 12 H miles of track; 24 cars. Owns about 425 acres
o f valuable real estate. Including 75 acres on "F lag sta d Heights ”
O F F IC E R S .— Pres., Val. Smith, W aynesboro; V .-P ..C . II. Latta, Bethle
hem; Sec. and Mgr., J. F. Gelser. Mauch Chunk; Treas.. Jno. M. W old
W aynesboro.— V. 00, p. 1674.
M E A D V IL L E , P A .
NORTHW ESTERN PE N N SYLVAN IA R Y .
O R G A N IZ A T IO N .— Incorporated In Pennsylvania In March 1911 asucccssor of the M cadvlllc & Conneaut L a k eT ra c. C o., V. 92, p. 187 (a hold
i
J5 It was understood negotiations were under way for thc nurchasc of the Erie Iractlon Co. and the M cadvlllc A Cambridge Spgs St Ry
STOCK A N D BON DS—
-------^
,y '
Maturity.
C om m on, $1,000,000 ($ 5 0 )--' ' ^ i^ on on m ?'
P rcf., $500,000 ($50) 5% n o n - o .......
.................. * ’ -mn’non
First mortgage, $1,250,000/ 1911
5 g*M-*s”
800 000 M c h 'T i o i T
gold ($1,000)--------- . . - c * l i n t , at Central Trust Co . N ° Y trustee
People's Incandescent L igh t/ 1900
5%
150 000 D ec 1 1 0 2 0
Co. 1st m tg e --------- ---------- ) Dela. Co. Tr. Safe Den & Title Ins rn tr.ia
Stock.— Entire com m on stock Is held in voting trust tlc In s- Co>> tius
Bonds.— Of the 1st M. of 1911. $150,000 are reserved to retire prior liensremaining bonds are for im pts., extensions and acquisitions under certain
restrictions. S ubj. to call on any Int. date at 105 and int. Annual s f
V . 92. p . i°0333. °i430.Cg
' Bonds rctlred t0 b e kept alive.'
E A R N IN G S .— For year end. Dec. 31 1911, gross, $173 691- net $56 107
In 1910, gross, $139,690; net, $41,545.
, *1/0 ,0 9 1, net, $56,107.
R O A D .— Operates 11 'A miles o f track In M cadvlllc and 16 'A miles be
tween M cadvlllc and Llncsvlllc, Incl. a 2-mlle extension to Conncant Lake
T otal track, 28 miles. A t Llncsvlllc connects with the Penn R R System
1033, 1436; V. 95, p. 420.
M IC H IG AN C IT Y , IN D ,
CHICAGO LAKE SHORE & SOUTH BEND R Y.
O R G A N IZ A T IO N .— Organized ln Indiana Dec. 1901.
9a8>;9,uI.,ti?i8i „ n. bands of public except equipment bonds. Rest all
owned by syndicate, which has used them as collateral only,
STOCK A N D BON DS—
Date.
Interest. Outstanding.
Maturity
Common, $5,000,000 ($100)________
________
$5,000,000
Pref, $1,000,000 ($100), 6 % n - c ____
________
1,000 000
Istm tge, $6,000,000 ($1,000)/ 1907
5 F-A15
3.860.000 A u 'g 'l5 *i94 7
gohl .
............................... Untercst at Cleveland Trust C o., Trustee.
Equipment trust, $ 3 5 0 ,0 0 0 ../ 1908
6%
200,000 See text
„
.
„
, ,
/Cleveland Trust C o., Cleveland. Trustee
Bonds.— Remaining bonds arc reserved for future extensions and ImC H Ct'1l L J hey are subJect to call at 102X at any lnt. period. Sink,
[nnd o f $50,000 per annum begins A ug. 15 1917 for ten years, then 2% of
K
8 ° u.tstan.d' “ ^ unt,l m aturity. The equipment trusts cover 31 cars.
ThD?iA1n Urn J50' 000 annually May 15 1910 to May 15 1916 Inclusive.
, W „ V T a ; ~ l >,?craK s a total, of 89 ^ m lles between South Bend and Chiu lik0r,'o„ i . S i es H ammond to Pullman, owned b y Illinois Central R R ..
8 A r m lf? ,,9 S ca?,9. Lake Shore & South Bend. 70-lb. T-rall.
O f I-ICE R S.— Chairman. H. P. M cIntosh; Pres., F. II. GofT; V .-P ., E W .
Moore, Sec. & Treas A . R . Ilorr; Gen. Mgr., C. N. W llcoxen. Michigan
City. Oper. Mgr*., the Warren Bicknell Co.— V . 86, p. 51, 167, 420, 1528 .
M ID D L E T O W N , N. Y .
W A L L K IL L TRAN SIT CO.
O R G A N IZ A T IO N .— Incorporated In New Y ork on March 30 1905 as
successor, under foreclosure, to the Mlddletown-Goshen Electric R y . and the
Middletown-Bloomsburg Elec. R y. See V. 80. p, 1059. 1425. Com pany
was placed In hands of receiver O ct., 1908, on account of a judgment for
Injuries obtained by a m otorman, but all Indebtedness having been paid off,
receiver was discharged April 23 1909.
STOCK AN D BONDS—
Date.
Interest. Outstanding.
M aturity
Stock $350,000 ($50)....................................................
$350 000
!st mtge $350,000 goM ($100,/ 1905
5 g M-N
300.000 M a y 'V 1935
$500 and $1,000)............-C 'I Int. at C om V lth T r.C o.,H arrisb u rg, T rustee.
a f ^ r ”l1f ^ a r s ’a^lO S*61^ ^ f° r *uture improvem ents. Are subject to call
caL year ,1911 gross, $73,452; net, $6,165.
*\PA P" »*Prpcrat?.s } 2 6^ miles of track extending from Middletown.
.y -'J '0 Midway Park, Goshen, Including switches, turnouts. A c. Ralls
® *"ib .T except
mile only of 80-lb. girder. Standard gauge
O F F IC E R S — Pres, and Gen. Mgr D eW ltt C. McMonagle*; V .-P ., Chas
Kunkel, See., J. F. Weiss, Harrisburg, P a.; Treas , VV M Oglesby Har
risburg, P a.— V. 80, p. 998, 1059, 1425, 2346.
" S
1 • ar
M ILFORD , MASS.
M ILFORD & U X B R ID G E STREET R Y — Trolley.
O R G A N IZ A T IO N .— Incorporated In Massachusetts In 1901. On July
10 1902 consolidated by purchase o f entire capital stock with the Milford
Holllston A tram lngliam St. R y . In 1907 the Milford Investm ent Co.
was organized to finance the floating Indebtedness o f the Milford & U xbridge.
* „ ,ar! : . I9
a
u
t
h
-.an !ssa.c of $100,000 pref. stock, part
to be used to retire $88,000 old p re f/a u th . In.Mch. 191o’ (V. 90, p. 914.)
70
ELECTRIC RAILWAYS
[Y o l . l x x x x v .
D ecisions.— For six decisions handed down on Aug. 23 1912 b y the W ise.
R R . Com m ., regarding fares and wages, see V . 95, p. 544.
interest. Outstanding. Dividends.
STOCK A N D BONDS—
$9,000,000
See text.
Q-M
Common stock $20,000,000
(par $100).............................
4,500,000 J u ly ’ 12, I X
Q-F
Preferred stock 54,500,000
6 % non-cum (par $ 1 0 0 )..
5 g F-A
6,500,000 Feb 1 1026
The Mllw El R y 4 L t Co cons 1896
__ » g
________
mtge 58.000,000
o l d - - .c .Central Trust C o .. New Y ork, Trustee.
Interest payable at com p a n y’s office, 30 Broad S t., N . Y .
The Mil El R y & Lt Co ref 4 ) 1906
4X&JJ
6,728,000 Jan 11931
ext mtge $20,000,000 gold/T rust Com pany o f Am erica, New Y ork.
($ 1 ,0 0 0 )............................. c*J Trustee.
,
Gen * ref m tge $90,000,0001 1911 5 J-D
3,021,000 See text
gold ($1,000)___________ c * /I n t . In N . Y . Bankers Tr. C o., N .Y „ Trus.
Stock and Bonds.— Consols of 1896, ref. and ext. bonds of 1906, and pref.
? 2 R O ^ b ! — Owns aV miles o f track, from So. Framingham to U xbridge and
from Milford to M edway and H opkinton.
Also controls Lake Nipanuc stock are listed on the N . Y . Stock E xchange. Of the new ref. and ext.
bonds, $6,500,000 were reserved for prior liens and $6,772,000 for exten
Park. 45 passenger cars, 8 snow plows and 4 m lscell.: 130 electric m otors
O F F IC E R S .— Pres., J o h n T . Manson, New Haven; Conn.; V .-P ., Geo. I . sions, acquisitions, 4 c ., at not exceeding $1,000,000 per year. Bonds are
H olcom b, New Haven; S ec., W endell Williams; Treas.. J . E W alker, Mil subject to call on and after Jan. 1 1916 at 108 and Interest. No sinking
ford; S upt., W . L. Adam s. M ilford, Mass.— V . 74, p. 1308; V . 76, p. 102; fund. See V . 81, p. 1724, 1792; V . 84, p . 508. Gen. & ref. m tge. falls due
Dec. 1 1951, except that In the event the com pany has not acquired a
V 88, p. 375; V . 90, p . 914; V . 9 1, p. 463, 1160.
franchise extending to 1954 on or before D ec. 1 1931, the m tge. becomes
due on that date. R ed. on any int. date on and after D e o .l 1916 at 105
M IL L V IL L E , N . J.
and Int. on 6 weeks’ notice. $13,228,000 arc reserved for prior liens; re
maining $73,151,000 are for extens., im pts. and acquisitions at 80% of
M il I V1LLF TR AC TIO N .— A trolley road.
STOCK A N D B O N D S Date.
Interest. Outstanding.
Maturity
cost thereof under certain restrictions. Seo V . 93, p. 1787.
R O A D .— Total track. 138.78 miles— all trolley. Owns 496 cars.
S fnet 31175 000
- _____ _____
__________
$175,000 ----------------Latest Earnings.— For 12 m os. end. June 30 1912,(Incl. MJlw. Cent.
1st m ortgage $400,000 goldl 1894
5 g F-A
208J100
W l4
Heat. C o.), gross. $5,460,284: net, after taxes, $1,692,236; other inc.,
(51 000 each)
____ c 'J I n t . at Land Title & Trust C o., P hlla., trust
$263,075; lnt., $701,510; bal., $1,253,801.
"O ther debts” Dec 31 1910..........................................
59,598 ..................
Bonds.— N ot subject to call.
, , ,
„
A N N U A L R E P O R T .— Fiscal years ending Dec. 31:
E A R N IN G S .— For year 1911, gross, $38,987; def. from oper., $7,358.
1911.
1910.
1911.
1910.
R O A D — Operates 12.55 miles o f track In Millville, Vineland and towoDeductions—
Gross— R a llw ’ y $ 3 ,963 ,0 7 2 5 3 ,7 8 7 ,3 2 3
■hlp o f Landis, o f which 8.67 miles put In operation In 1901.
$352,708 $328,607
L ig h t ’ll 1,075,619
907,069 T a x e s ________
' O F F IC E R S .— Pres., George W ood ; S ec., G. H . Thom as; Treas., Daniel
Depreciation .
604,613
469,439
12,597
11,736
0 . Lewis
'
T otal g ro ss-. .$ 5 ,0 3 8,691$4,694,391 Contingencies .
In te re st______
001,582
527,076
Oper. exp ., R y.
M ILTON , P A .
& L igh t____ 2,594,041 2,495.120
T otal d cd u c’s .$ l,571,53051,336,858
LEW 1SBURQ MILTON & WATSONTOWN PASS. R Y .— Trolley.
Net earn’S -.$ 2 ,444,650$2,199.271 B a la n c e ______ $999,633 $969,242
O R G A N IZ A T IO N .— Chartered Sept. 3 1897. In 1910 W hittaker &
Other In com e..
126,513
106,829
Diehl of Harrisburg purchased control from the Railways Com pany General
Under contract with Penn. R R ., the Lewlsb. Mil. & W atsont. Pass. R y.
T ot. net ln c._ $ 2 ,571,16352,306,100
.
_
agreed to electrify some 11 miles of track between Montandon and MlffllnDividend.— Regular quarterly dividends of 1 X % have been paid on the
burg, and to operate a line In conjunction with steam use of that section ol
preferred
since
Feb.
1900On
the
com
m
on
stock
In
1903,
4
%
;
In
1904,
road, connecting with present trolley line at East Lewlsburg. On A ug. 1
5 % ; In 1905. 5 % : In 1906, 6 % : In 1907, 6 % : In 1908. 6 % : in 1909,
1911 began operating Edison storage battery cars.
: ill 1910, 6 % ; in 1911, 6 % . No later Information.
STOCK A N D BONDS—
Date. Interest. Outstanding. Maturity 6 %IN
D E X .— V. 88. p. 1561; V. 89, p. 1411; V. 90, p. 372. 503, 627; V . 02,
S tock. 5150,000 _______ _________ - ................... ........
$150,000 ....... ............
First m ortgage $300,000 gold / 1910
5 g F-A
160,000 Feb 1 1940 p. 595, 725, 1109, V . 93. p. 164, 1193, 1387, 1600, 1787; V . 94, p . 827, 912
V.
95,
p. 481, 544.
($500)
- - - - - l _ . - - c » t l n t at Land Title & Tr. C o.. Phlla.. trustee.
Bonds.— Remaining bonds can only be Issued for Improvements and ex
WISCONSIN TRACTION. LIGHT. H EAT & POW ER CO.
,
,
tensions at 80% of cost. Sub. to call as a whole on any lnt. date after
O R G A N IZ A T IO N .— This com pany was incorporated at Milwaukee In
Feb. 1920 at par.
E A R N IN G S .— For 12 m os. end. June 30 1912, gross, $47,990; n e t , A ug. 1900 with a nominal capital o f $10,000 (since Increased to $1,000,000),
(or the purpose of uniting certain properties In the F ox River Valley.
Secured control of the Fox River Valley Electric R y . and the Appleton
51R O A t).— 10 miles o f track between points named In title.
O F F IC E R S .— Pres., John F . W hittaker; V .-P ., L . G. B rown; Sec. & Electric Light & Power C o., and has consolidated them . In Sept. 1004
urchased entire capital stock of the Fox River Valley Gas & Electric Light
Treas.. D. L . Diehl; Asst. Sec. & Treas,, W . B . Rankin.— V . 90, p. 1363.
o . and guarantees Its bonds, principal and Interest. See V . 79, p. 787,
1267.
.
M IL W A U K E E , W IS .
Proposed Hydro-Electric Plant.— For statement of Pres. Beggs with re
M IL W A U K E E LIGHT. HEAT & TRACTION CO.
gard to new hydro-electrlo plant on W olf R iver, see V . 91, p . 1770.
O R G A N IZ A T IO N .— Incorporated Dec. 1896. Owns and operates an
STOCK AND BONDS—
Date
Interest. Outstanding.
Maturity.
extensive system of suburban and interurban lines radiating from Milwaukee Stock, 51,000.000 ($100)_____ _____
- ............
$699,400 ------ - - - - -
t o Cudahy, South Milwaukee, Racine, Kenosha, W auwatosa North Mil First m ortgage. $3,000,000/ 1901
5 g J-J
1.120,000 July 1 1031
waukee, W hlteflsh B ay, Fox Point, W est Allis, W aukesha,W aukesha Beach,
($1,000) gold no sink f d - c * l l n t . at 1st S av. * T r. Co., MlHv Trustee
O conom ow oc. W atertow n. St. Martins, Muskego Lakes, M ukwonago. Last
Fox R iver Valley first m tge) 1901
5 g A -0
350,000 April 1 1921
T ro y . W aterford, Rochester and Burlington.
$350,000 ($1.000) go ld --,c\ M erch a n ts’ Loan 4 Trust C o.. Ohio.,Trustee.
The com pany, besides Its railway system owns and operates electric
Appleton Gas Light & Fuel................
6
15,000 N ov. 1 1914
light and power systems In Cudahy. South Milwaukee. Raclne. VVauwatos a
Bonds.— Entire Issue of Wisconsin T raction, Light Il’cat & Power Co.
East Milwaukee, W est Milwaukee, W est Allis. Waukesha and Last T r o y . bonds may be called on any Interest date at 110 and Interest. The Fox
W as furnishing Dec. 31 1911 75,285 incandescent lamps, 3,830 h .p . in River Valley bonds are subject to call at 105 and Interest
m otors. 622 arc lamps and 679 Nernst lamp glowers.
E A R N IN G S.— For years ending Dec. 31;
The capital stock Is practically all owned by The North American Co
Surplus.
Year—
Gross.
Net (aft. taxes.) Other Inc. Interest.
f«ee miscellaneous companies In "R ailw ay and Industrial S ection ). In 1 9 1 1 ............. ........ $356,203
$63,404
$129,302
$8,502
$74,400
April 1907 stockholders voted to increase stock from $1,000,000 to $30,000,
48,32*
1 9 1 0 ...... .......... .. 335,586
111,005
8.715
71,400
000
V . 85, p .1 6 0 . $9,000,000 o f new stock Issued up to S ept. 1912.
R O A D .— Operates 15 miles ol traca, connecting Nccnah, Menasha, A pple
Control Purchased.— In 1007 purchased the 59,000.000 com m on stock ot ton and Kaukana, and 5 miles locally In the city of Appleton; total, 20 miles.
The Milwaukee Electric R y. 4 Lt. Co. from The North American Co
Owns eloctrle-llglitlnj? plants In Appleton, Neenata and Menasha and supplies
This was done In order to make Mil. Light, Heat & Traction Co. tht teas to Neenah. Menasha and Appleton
im .,,,,,.
controlling com pany Instead of The Milwaukee Elec. R y. 4 Lt. Co., a?
O F F IC E R S — Pres John 1. Becrtjs: V . P .. Chas.
Pftster, Milwaukee
was form erly the case. V . 86, p. 286.
Sec. and Treas.. A K . Elll s . - V . 79, p. 787. 1267; V . 91. p. 96. 1770.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
Maturity
Common stock. $30,000,000-. .............................
$10,000,000
See text.
M IN N EAPO LIS, M IN N .
Mllw Lt H and Tr Co 1st M g ! 1899
5 g M-N
5,000.000 May 1 1929
guar55.000.000 (51.000) gc*]T ru st Co. o f Am erica. New Y ork , Trustee.
TW IN C ITY R A P ID T R A N S IT .— A n electric road.
Mllw Lt H and'T r Co ref& ext! 1907
5 g J-D
6,189 .000 June 1 1937
O R G A N IZA T IO N — Organized under the laws of the State of New Jersey
M e 530 000.000 (5 1 ,0 0 0 )-- Metropolitan T r. C o., N. Y ., and Randolph June 3 1801 and b y ‘virtue of Its stock ownership o f the underlying com
’
( R odm an, Trus. Int. at c o ’s N. Y. office
panies (to wit. The Minneapolis Street Railway Co., The St. Paul City Rail
Interest on the Milwaukee Light, Heat & Traction Co’s 1809 6% bond? way C o., the Minneapolis Lyndale & Minnetonka Railway Co. and the
Is payable at com pany’s office. 30 Broad S t.. N. Y . These bonds m ay be Minneapolis & St. Paul Suburban) controls the entire street railway system
called at 110 on any Interest date. They are guaranteed,principal and ot Minneapolis, St. Paul, Stillwater, and lines to Excelsior, Tonka Bay and
Interest, by endorsem ent, by The Milwaukee Electric R a ilw a y * Light Co
Deephaven at Lake Minnetonka. In 1906 absorbed the North Side Street
(V 86 p. 1042). Of the new refunding and extension bonds. 52,500,001
R y. (Robblnsdale line) and the St. Louis Park line; V . 83, p. 1472. In
additional can be Issued Immediately, and In June 1908 Wisconsin State R R . 1905 articles of Incorporation were amended so as to make the charter
Commission authorized com pany to Issue this am ount. This will raise perpetual. V . 80, p. 1914.
outstanding amount to $7,500,000; up to Feb. 1912 51,189,000 of $2,500,
Franchise and F ares.— Mayor Haynes of Minneapolis on F e b .18 1907 signed
000 had been issued. $5,500,000 is held to retire prior liens. These bonds an ordinance requiring street railways to sell six fares for 25 cents. V . 84, p.
may be called on any Int. day at 110 and Int. V . 84, p. 1183. First 513, 451. 509. On Aug. 24 1907, however. Judge Lochrcn of the U. S. Circuit
000 000 arc to bear 5% Interest and remaining $17,000,000 not over 5 % .
Court granted a permanent Injunction against enforcing the ordinance (see
Dividends.— 10% per annum paid from 1904 to 1907; lnl907, 2 % ; In V. 85, p. 532). On Jan. 3 1910 U. S. Supreme Court affirmed the decision
1908, 3 « % ; in 1909, 3 X % : In 1910, 4 1-3% . No later inform ation.
of Judge Lochren. This decision sustains the com pany s claim to a 50-year
R O A D .— Total mileage, exclusive of controlled Mllw. E le c .R y .4 L t. Co , franchise from July 1 1873,with the right to charge 5-cent fares. V.90, p .l 11.
was Dec. 31 191 1 223.98 miles. 80-lb. T rail. Owns/130 cars.
Settlement with City of St. P aul.— For decision as to right to build new
R E P O R T .— Fiscal year ending Dec. 31:
lines In St. Paul, see V . 79, p. 271,2087, and for settlement with City of St
1911.
1910.
1910.
1911.
Paul by which the city relinquishes Its right of appeal from this decision and
Gross— R ailway $890,243 $862,031 Total I n c o m e ..$1,420,52451,384,907 the com pany agrees to pay Into the city treasury a gross earnings tax of 6 % ,
78,484
73,972
194,718 T a x e s _________
El. light
230,962
D eprec.. & C -_ 114,924
108,317
Decisions?— On April 21 1911 Judge W illard In U . S. DIst. Court at
666,212
656,411 Minneapolis denied the application (V . 92, p. 1637) to restrain the enforce
Total g r o s s ..$1,121,20551,056.749 In te r e s t______
ment or an ordinance directing the construction of 9 X miles of extensions.
Oper. exp ., R y.
New Subsidiaries.— because of a decision of the Supreme Court holding
& Elec, light.
473,868
462,880
that suburban lines, as railways, are amenable to the Minnesota 4 /0 gross
earnings tax. lt was decided In Mch, 1910 to Incorporate the Minneapolis
Net earnings.
& S t. Paul Suburban R R . (51,000,000 stock. Increased to $3 000,000 In
Other In com e..
Jan. 1911; debt limit was also Increased to $10,000,000. V . 92, p. 187),
the Minnetonka & White Bear N avigation Co. ($2o0.000 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, & c., of
the com pany might be handled separately for taxation and accounting
Kalwelt; V .-P . & Comptroller (Mllw. Elec. R y. & L t .), C. N. D uffy. Gen
office, Public Service B ldg., Milwaukee. N. Y . office, 30 Broad St., p u ‘poses. V . 90. p. 850.
^
STOCK AND BONDS—
Date.
Interest. Outstanding.
Maturity
N. Y . C ity .— V. 85. p. 160; V. 86, p. 286, 1042, 1529; V. 04, p. 1627.
Twin
City
Rapid
T
r
a
n
s
it(1) The Milwaukee Electric R y. & Light C o.—,
.
Common stock, $22,000,-1
O R G A N IZ A T IO N .— Successor of Milwaukee Street R y. C o. Jan. 29 1896.
5 Q-J
$20,100,000 O c t .’ 12 I X
000 (par $100)................ ( --------per plan In V . 60, p. 1009. Embraces all the street railway lines in Milwau
Preferred stock, cumulative!
kee. Entire com m on stock Is owned by the Milwaukee L igh t, Heat 4
7 Q-J
3,000,000 O ct. *12,1 W
$3,000,000 ($100)______ f 1895
Traction Co. The com pany, besides Its street railway system , owns and
Minneapolis Street Railway C o.—
operates an electric-light and power system . Was furnishing on Dec. 31
6
g
M
N
600.000 Nov. 1 1913
Second
mtge
g
o
ld
.........
c
*
4
r
1883
1911 398.786 Incandescent lamps, 17.127 h. p. In m otors, 2,974 arc lights
5 g J-J 15 4,208,000 J an .15 1919
First cons M g $5,000,000 c* 1889
and 3,271 Nernst lamp glowers. Controls Milwaukee Central Heating C o .,
S< Paul City Railway C o . operating a central-station steam-heat system In Milwaukee.
________________________
6
g
A-O 224.000 April
First
mtge on real estate 4 / 1882
In 1909 entered Into a contract for 25 years to take a supply o f power
horse-car franchise......... 1 Exchangeable at 105 for first consolidated.
from the Southern Wisconsin Power Co. See V. 90, p. 372.
First
consol
m
tge
gold
.........
1884
6
g
A
-0
456.000
O
ct.
1
1934
The railway franchises of the com pany run until Dec. 31 1934. V . 70.
Cable cons gold (see text) - - 1887
6 g J-J 15
3,/0 8 .0 0 0 Jan. 15 1937
p. 39. Electric light and power franchises are unlimited In time.
„
.
„
.
On D ec. 30 1911 shareholders auth. a "gen . & r c f- m tge. for $90,000, Minneapolis A St. Paul Suburban Ry.—
1st M g $500,000. guar b y / 1899
5 g M-S
500.000 Sept. 1 1924
000. (V. 93, p. 1787) and same has been approved b y W ise. R R . C om m .
T w Cy R T 4 St P C y .c ’ l Interest at Central Trust C o.. N. Y .. Trustee,
License Decisions.— On Deo. 5 1911 W ise. Supreme Court affirmed the
______
decision o f the lower Court holding that the city Is not entitled to recover Vftnn St. A St. Paul City Ry.—
Joint consol mtge $10,000,-/ 1903
5 g A-O
9,807,000 O ct. 11928
$187,500 for licenses of $15 each on street cars from 1895 to 1910. V. 93,
000(51,000)gu d 4 I- . 0*1 Central Trust Co o f New York. Trustee.
p 11600. OnMarch 12 1912 Judge Turner held Invalid the new ordinance
All bonds are for $1,000 each, and, with the exception o f the Minneapolis
passed In April 1911 levying a license o f $15 per car. V. 04, p. 912.
Valuation.— For physical valuation by W isconsin R R . Comm . In July 4 St. Paul Suburban R y . and the Joint Issue of 1903, Interest Is payable
at Farmers’ Loan 4 Trust C o.. New Y ork.
1911 see V . 93, p. 164.
■
STOCK A N D B ON DS—
Date.
Interest. Outstanding.
M aturity.
Stock, com , $440,000 ($100)........................................
5440,000
See earns.
100,000
Sec earns
Prcf. 0% cum . 5100,000 ( 5 1 0 0 ) .......
M. H oll. 4 Fram . 1st m tge./ 1898 5 g J-J
165,000 Jan 1 1918
5165,000
(51,000) g o ld ..c * }I n t . at Amer. Trust C o.. Boston, Trustee.
Mllf. 4 U xb . gold bonds! 1902 5 g J-J
335,000 Jan 1 1918
(51,000) g o l d __________c* lin t , at A m er. Trust C o., Boston, Trustee.
Mill. Invest. Co. deb ($ 1 0 0 1 ____
6 M-S
20,000 Sept 1 1927
and 5 5 0 0 )............................../Y a le Nat. Bank, New H aven, trustee.
Bonds.— The Milford Invest. Co. bonds are secured by an equal amount
of notes of the Milford & U xb. S t. R y . They are redeemable at par and
tnt. on any lnt. day.
____ „ „ „
E A R N IN G S .— For fiscal year ending June 30 1911, gross, 5211,853; net,
after taxes, $59,761; fixed charges, $29,760; divs. (com ., 6 % ; p rcf., 4 % ),
S
71
ELECTRIC RAILWAYS
S e p t , 1 9 1 2 .]
Stock.— In May 1902 stock h old er were (riven at par $1,501,000 additional
stock (V . 74, p. 1039), In June 1905 $1,000,000 at par (see V . 80, p. 2400),
and In June 1905 $2,100,000 at par (see V . 82, p 1209). This last makes
outstanding stock $20,100,000.
Bonds. — 'T he Minneapolis Street Railway Co. Jointly and severally with
the Minneapolis Lyndale & Minnetonka Railway C o., Issued $5,000,000 5 %
30-year first m ortgage and first consolidated m ortgage gold bonds, of which
$000,000 are held In trust by the Farmers Loan & Trust Company to
redeem the $000,000 prior lien bonds. See statement to New York Stock
Exchange In June 1S05. The consols are also listed In London. V.0O,p,1149.
The St Paul City Railway Co. has Issued $4.38'»,000 5 % 50-ycar cable con
solidated bonds (Including $080,000 held by the Farmers’ Loan & Trust Co.
trustee to redeem the $680,000 prior lien bonds above), limit fixed by this
m tge was $5,500,000, but b y the Joint cons. m tge. 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. & 1.) b y end. of Twin City Rapid Transit
Co. See statement to N. Y. Stk. E xch. 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 & T r. Co. to be exchanged for the $224,000 first mtge. bonds.
The Minneapolis street R y. <* St. Paul City R y. consolidated mortgage of
1903 Is a Joint issue o f the Minneapolis Street R y .a n d the St. Paul City R y.;
remaining bonds are reserved for new construction, additions and Improve
ments at 90% of cost. Guar. p. & l .,b y endorsem ent, b y Twin City Rapid
Transit Co. (see V . 77, p. 2281 and 2340).
Dividends.— All dividends on preferred to and Including O ct. 1 1912
(154% ) have been paid. First dividend of 1 % was paid on the common
stock In A ug. 1899; In 1900. 3 % ; In 1901, 3 4 % ; In 1902, F eb., 2% .
changed to quarterly and 144 % paid May 1902; A ug., 1 4 % ; N ov.. 1 44 %
1903 to 1909, Inclusive, 5% per annum: In 1910, 0 % ; In 1911, 6 % ; In
1912, Jan., 1 4 % ; A p r., 1 4 % ; July, 1 4 % : O ct., 1 4 % .
R O A D .— Consists of 390.14 miles of track. Including four lnterurban lines
connecting the business centres of Minneapolis and St. Paul, an lnterurban
line of 22 miles connecting St. Paul and Stillwater, and lines to Lake Minne
tonka. Standard gauge.
. „
.
. .
On the principal streets of the cities 90-lb. T rail with welded Joints and
Imbedded In concrete was used.
Power.— The com pany leases water-power at St. A nthony's Falls (ca
paclty 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.
P’ A N N U A L R E P O R T .— Fiscal year ends Dec. 31. R eport for 1911 was
In V . 94, p. 315, showing results on the entire property as follows:
fn
1911.
1910.
1910.
Revenue passengers c a r r ie d .............154,380,730 146,980,553 135,729,811
Transfer passengers carried................. 51,844,378 48,813,577 44,124,296
Receipts from transportation.................. $7,749,158 $7,481,696 $6,924,656
Receipts from old er sources.................
62,035
49,953
45,120
$7,531,649 $6,969,776
Total receip ts.......... .............................. $7,811,193
Operating expenses.........................
$3,906,716
$3,667,702 $3,204,627
Net earnings.__________
$3,904,477
$3,863,047 $3,675,149
Interest and taxes--------------------------------- $1,486,129 $1,466,304 $1,466,527
Dividends on preferred stock ( 7 % ) . .
210,000
210,000
210,000
Dividends on com m on s tock ______ (6)1,206,000(6)1,206,000(5 J 4 )l,055,250
T o t a l . . . .................................................. $2,902,129
Balance, surplus______________________*$1,002,348
$2,882,394
*$981,553
$2,731,777
*$943,372
•In 1911, $750,000 was appropriated from this am ount for renewal fund,
against $736,000 In 1910 and $703,000 In 1909.
O F F IC E R S .— Pres., Calvin G. Goodrich; V .-P ., \V. J. Hleld; Sec. &
C om p., E. S. Pattee; A u d .. D. J. Strouse; Treas., E . A . Crosby: Gen. Mgr.,
H orace Low rcy.— V . 88, p. 507, 687, 744, 750; V. 89, p. 1543; V . 90. p. 54,
111, 504, 842, 850; V . 92, p. 190, 324, 793, 1637; V . 94, p. 345, 352.
M IN N E A P O L IS ST. P A U L R O C If. & D U B U Q U E E L E C . T R A C . C O .—
Com m only known as "D a n Patch Elec. L ine.” Operates a unit power
car system .
O R G A N IZ A T IO N .— Incorp. on June 10 1907 In Maine to construct a
line 300 miles long connecting Minneapolis and St. Paul., Minn., and Du
buque, Iow a. 37.34 miles of road between Minneapolis and Northfleld,
Minn., has been com pleted. Connects at Minneapolis with Twin City Rapid
Transit Co. at a private terminal owned b y the Traction Co. Entire line
on private right-of-w ay excep t for a short distance In Minneapolis. Auth.
M in. stock, $15,000,000; pref., $10,000,000 (6% non-cum ., red. after
1913).
Issued, $3,311,600 com . and $1,768,300 pref. stock. There Is
no bonded debt. Pres. & Treas., M. W . Savage; Sec., M. II. B outelle.—
V . 92, p. 1109; V . 93, p. 731.
M OBILE, A L A .
M O B IL E L IQ H T & R A I L R O A D .— T r o lle y .
O R G A N IZ A T IO N .— A consolidation on Sept. 1 1901 of the Mobile Light
6 Railroad and the Mobile Street R R .; the franchises of both com panies
were extended on Sept. 12 1901 to March 12 1955. See V . 73 p. 616
In July 1006 the Mobile Elec. Co. purchased the electrlc-llglit plant of
the com pany and under contract of purchase pays to the Mobile L t. & R R .
seventy semi-annual payments of $11,464.
STOCK AND B O N D S—
Date.
Interest. Outstanrilno ■ M aturity
Stock, $2,250,000 (par $100)...................................
$2,250 000 Jne’12.1 44%
First mortgage gold ($1,000) .1 1897
5 g J-D
400,000 July 1 193?
l i n t , at Farmers Loan & Trust C o., N. Y
Mobile Street R R first m tgef 1893
6g M-N
270,000 May 1 1923
gold, $350.000.c *( Farmers’ Loan & Trust C o., N.
V ., Trustee
l Interest at National City Bank, New York
Consolidated m ortgage,
gold ! 1901
5g M-S
1,428,000 Sept. 1 1941
($1,000) $2,250,000 ---- c*l Interest at New York Trust Co., N. Y , Trus
Ronds. — Of the $2,250,000 m tge., $670,000 reserved for prior liens. $22,
000 are In treasury of com pany; balance, $130,000, have not been certified.
E A R N IN G S.— For cal. year 1911, gross, $588,612; net (after deprecia
tion) $270,076; In 1910, gross, $379,818; net (after depreciation) ,$231,964.
D ividends— Initial dividend— 44%— A ug. 1 1909; In 1910, July, 44%;
In 1911, Jan., 44% :June, 44 % : Sept., 2 44% ;dn 1012, June, 1 44%.
RO A D & c __Owns 58.19 miles of track in Mobile and extensions to Maga
zine Point, Spring Hill, Whistler and Monroe Park. Company also owns
“ Monroe Park” and water power and 320 acres of land
O F F IC E R S __Pres , J. II. Wilson; V .-P ., J .W . W hiting: Sec. and A ud .,
M. W . Glover; Treas., C. White Spunncr.— V . 86, p. 1529.
MONMOUTH, IL L .
R O C K I S L A N D S O U T H E R N R A I L W A Y .— An electric and steam road
O R G A N IZ A T IO N .—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. 1663.
,
,
, , ,
..
STOCK A N D B O N D S .—
Date.
Interest. Outstanding.
Maturity
Stock. $2,500,000 .............................................. ..
$2,500,000 ....................
First m ortgage. $2,500,000, f 1908
5 g J-J
2,282,000 Jan 1 1947
gold ($100, $500 & $1,000)1 Interest at Central Trust Co., Chicago,
l Trustee, and through Old Col. T r.C o.,B os
Ronds. — Additional bonds may be Issued for betterments and 1 nprovements. Bonds arc subject to call after Sept. 10 1913 at 105 and iite rcst.
See V . 84, p. 104; V . 89, p. 1660; V . 95, p. 545.
R O A D .— Runs north from Monmouth to a connection with the Chlo.
Rock Island & Pac. R y. at Monmouth Junction, 31 miles, and thence op
erating Into city of R ock Island, a distance of 20 miles, by lease over the
Chic. R . I. & Pac. R y. Also 7 miles from Gilchrist June, to Aledo and 6
miles from Alexis Jet. to Alexis. R oad Is operated by electricity for passen
gers and by steam for freight. Has connections for Davenport. Ia ..
Moline and Galesburg, 111. 10 pass., 243 freight, 2 express & freight and
7 work cars; 7 steam locom otives.
O F F IC E R S .— Pres., E. C. Walsh; V .-P .,"M . A . Walsh; Sec.. J. W . W alsh;
Treas., C. II. Walsh; Gen. Mgr., W . W . McCullough.— V . 84, p. 52, 104;
V . 89. p . 1 6 6 8 . __________ ____________
MONTGOMERY, A L A .
M O N T G O M E R Y L IG H T & T R A C . C O .— A trolley road.
O R G A N IZA T IO N . E TC.— Montgomery T rac. Co. was chartered In 1893.
On Dec. 20 1911, having acquired the lighting property owned by Richard
Tlllls, name was changed from Montgomery T rac. Co. to above title (V . 94,
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 t o $1,000,000 In 1900. V . 88, p. 375. •
. .
Does entire street railway business and has an electric light and power
system In M ontgom ery and its suburbs. Street railway franchises that are
not perpetual expire between 1932 and 1942. Electric light and power
franchise runs till 1940.
Interest. Outstanding.
M a tu rity.
STOCK A N D B ON DS—
Date.
__________ $2,000,000 ---------- --------Stock, $2,000,000 ($100)_____ _____
5%
See text A pril 1 1942
1st & ref M, $5,000,000, sk f d . 1912
6 g A-O
650,000 A pril 1 1914
Secured notes, $650,000, g o ld / 1912
($1,000); rod at 101& lnt.c*( Int. at Guaranty T r. C o., N. Y ., T rustee.
Mont Street R y 1st m tg e/ 1893
6 g F-A
350,000
1923
$350,000, g o ld ....... ............ . l i n t , at Farmers’ L. & T . C o., N. Y ., Trustee.
Ronds.— Of the 1st & ref. bonds, the entire am t. ou t., $1,000,000. is de
posited under the secured notes and no additional bonds m ay be issued
during life of notes. Of remaining bonds, $350,000 are reserved for prior
lien and $3,650,000 for add’ns & betterm’ ts at 80% of cost, or for acquisi
tion or refund., $ for $. o f bonds o f other properties which m ay be acquired.
Sink. fd . equal to 1% o f all bonds authenticated annually beginning A p r. 1
1915. V. 95, p . 47.
E A R R IN G S .— Of com bined properties for cal. year 1911, gross, $379,405
net after taxes $107,851; int., $60,000; sur., $47,851. In 1910, gross,
$323,432; net, after taxes, $85,720.
R O A D .— 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 .
O F F IC E R S .— Pres., R ay Rushton; Sec., H . F . Crenshaw; Gen. M gr.,
L. D. Mathes.— V . 88, p . 375; V . 91. p. 1026; V . 94, p . 207, 1764;V.95,p.47.
M ONTOU RSVILLE, P A .
M O N T O U R S V IL L E P A S S E N G E R R A I L W A Y .— A tro lle y ro a d .
O R G A N IZ A T IO N .— Chartered In Pennsylvania June 28 1897. Com
menced operations Dec. 16 1897. Stock authorized and Issued, $75,000.
Funded debt authorized and Issued, $112,000 5% 30-year gold bonds dated
May 1 1908, Interest M. & N . Operates 5 44 miles o f track from W llllamsoort to Montoursvllle, Pa.
E A R N IN G S.— For fiscal year ending June 30 1911 were: Gross, $25,292;
aet. after taxes, $8,326; fixed charges. $5,600: surplus. $2,720.
O F F IC E R S .— Pres., C. L. Peaslee, W illiamsport; V .-P ., F .C . Leonard,
Coudersport; Sec. & Treas., J. A . Beeber, W illiamsport; Gen. M gr., J.
Harry Spencer, W illiamsport.
M ORRISTOW N, N. J.
MORRIS COUNTY TRACTION.— An electric road.
O R G A N IZ A T IO N .— Incorporated in New Jersey In 1899. Charter
gives com pany right o f eminent dom ain. Built m ostly on private right of
way. Franchises through towns are perpetual or for 35 years.
In 1912 a new $5,000,000 m tge. was auth. ($3,000,000 for ref. and $2.
000,000 to retire floating debt and exten s.), but up to Sept. 1912 nothing
definite had been done In the matter. V . 95, p . 680.
STOCK AND BONDS—
Date.
Interest. Outstanding.
M aturity.
Stock, com , $3,000,000 ($100) .......
..............
$3,000,000 .............. - - _
First m ortgage, $3,000,000) 1905
5 g J-D 15 3,000,000 June 15 ’ 35
($1,000), gold, callable a tjT ru st Co. of America, N . Y .. Trustee.
110 and Interest____ c*& rj
Int. at N at. Iron Bank, Morristown.
E A R N IN G S .— For calendar year 1911, gross. $214,789: net, $47,389.
R O A D .— Is to build 75 miles of road from Elizabeth, N . J ., to N etcong,
with a branch from Denvllle to Boonton and other branches. R oad Is In
operation from Morristown to Lake H opatcong. 21 44 miles, with branches
to B oonton, 5 miles, and to W harton, 2 44 miles; also from Elizabeth to
Springfield, 6 miles, and from Maplewood to Springfield, 2 44 miles, and
thence 8 44 miles to end of track at Danforth R oad (1 44 miles beyond M adi
son), total, 45 44 miles of road. T otal track in operation, 54 miles and 2
miles almost com pleted. From Danforth R oad to Morristown there Is a
gap of about 3 miles. Gauge, 4 ft. 8 44 in. 70-lb. T rail in cou ntry, 80-lb.
girder In cities.
O F F IC E R S .— Pres., H enry R . Rea, Pittsburgh, P a.; V .-P ., Edward E .
Dulf, Pittsburgh, P a.; Sec. & Treas.. O . G. Schultz. Morristown; A ctin g
Gen. M gr., A . Gllfillan. Morristown
MOUNT H O L L Y , N . J.
B U R L IN G T O N C O U N T Y T R A N S IT C O .— T r o lle y .
O R G A N IZ A T IO N .— Incorporated In New Jersey on July 1 1910, a i
successor to the Burlington County R y . Co. V . 90, p. 1612. Stock auth.
and issued, $120,000 ($50). No bonds.
E A R N IN G S .— For cal. year 1911, gross. $64,108; net, $6,507. In 1910;
gross, $59,317: net, $4,781. In 1909. gross. $57,865; net. $6,341.
R O A D .— A bout 15 miles of track from Burlington, through M t. H olly
and Halnesport, to M oorestown. 60-lb. T rail. Gauge, 5 ft.
O F F IC E R S .— Pres., I. Snowden Haines; V .- P „ A lbert Haines; S ec. &
Treas., A rm ltt H . Coate; Mgr.. J o '-" ’ ’ ‘■
’ mith.
M U SKEUu-1,
jLLOH.
MUSKEGON TRACTION & LIGHTING CO.
"
In Jan. 1906 almost the entire stock was acquired b y the American Light
& T raction Co. V . 82, p. 49.
O R G A N IZ A T IO N .— Incorporated In Michigan on Maroh 1 1901, and Is
a consolidation of the street railway, electric-light and g is com panies of the
city. Franchises expire: gas. 1925; electric. 1930; railway, indeterm inate.
City Light Plant.— In N ov. 1911 State Supreme Court affirmed the d e
cision of the Circuit Court (V . 92, p. 595) that the city had the right to
Issue bonds for construction of a municipal light plant (the com pany’s 10year contract for city street lights expiring In June 1911). V. 93, p. 1387.
City, however. Is not building Its own plant. Contract for lights has been
renewed, but not with Musk. Trac. & L tg. Co.
STOCK A N D BONDS—
Date.
Interest. Outstanding.
M aturity
Stock $600,000 ($ 1 0 0 )......................
..................
$600,000 ....................
Preferred $100,000 6 % cu m ................
6
63,000
See text
First mortgage $600,000 go ld f 1901
5 g M-S
600,000 Mch 1 1931
($ l,o o o )
_______________(Interest at W yom ing Valley Trust C o .,
Callable at 1 05____________ 1 W ilkes-Barre, P a.. Trustee.
Dividends.— On pref. stock 6% yearly from 1902 to date.
R O A D .— Owns 15 miles o f road and serves as a terminal for the Grand
Rapids Grand Haven & Muskegon R y ., which operates 40 miles o f track
between points Indicated In the title.
O F F IC E R S .— Pres., J. T . Young; V .-P ., A. P. Lathrop; Seo. and Treas.,
F. A . Nims, Muskegon; A sst. Sec. & Asst. Treas., C. N . Jellffe; A u d ., H . P .
Lewis.— V . 92, p. 595; V- 91, p. 1387__
M U SKO G EE, O K LA.
MUSKOOEE ELECTRIC TRACTION CO.— A trolley road.
O R G A N IZ A T IO N .— Incorporated In 1904 In Indian Territory.
STOCK AND B O N D S .—
Date.
Interest. Outstanding.
Maturity.
Stock ($ 1 0 0 )_______ _______________
______
l ^ » -5 0 0
See text
1st mtge $500,000 gold ($500 1 1905
5 g A-O
450,000
1925
& $1,000) red 1915 at 105c* JInt. at Colonial Trust C o.. N. Y .. trustee.
Dividends.— Since 1910, 8% annually.
E A R N IN G S .— For year 1911, gross, $156,428: net. $69,537; charges ana
taxes. $25,105; dividend (8 % ), $21,000; surplus. $23,432.
R O A D .— Operates 18 miles In and around Muskogee. Standard gauge.
70 and 60-lb. T rail. Is constructing extensions in Muskogee.
O F F IC E R S .— Pres, and Gen. Mgr.. Willis E . Fertlg; V .-P ., R . D .
Benson; Sec. & Treas., W . M. Cutllp; Local Mgr., R . D . L ong.
N A SH V IL L E , TEN N .
TENNESSEE R A IL W A Y , LIGHT & POWER CO.
O R G A N IZ A T IO N .— Incorporated In Maine on April 23 1912 to acquire
control of the following companies (see V . 94, p. 1120):
•
Nashville Railway & Light Co.
Tennessee Power Co.
•
Chattanooga R y. & Light Co.
|Cleveland (Tenn.) Electric Light Co.
Owns all the stock of Tennessee Power C o., a large m ajority o f the
Nashville lty . & Light Co. com . and Chatt. R y . & Lt. Co. com . and p ref.,
and all the stock and bonds of the Cleveland Electric Light Co.
Bankers olfered Tennessee Power Co. bonds and Tennessee R y ., L t. &
P ow er 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.
72
ELECTRIC RAILWAYS
STOCK A U T H O R IZ E D —
Outstanding.
Last Dlv.
Comm on $20,000,000 ($ 10 0 )..................................... .$20,000,000
....................
Pref $50,000,000 ($100) 6% cum. (see t e x t )____ 10,250,000 S ept.’ 12,1 'A
S TO C K .— Pref. stock Is entitled to cum. dlvs. from June 1 1912, except
$3,500,000, which will receive no dlvs. till after Dec. 1 1912. V. 94, p. 1120.
Dividends.— Initial d lv. on pref.— 114% — paid Sept. 1912.
P R O P E R T Y , AC.— Owns electrlc-llght, power and traction properties In
Nashville, Chattanooga and other cities. A number of other cities, Induci
ng K n oxville, T enn., and R om e, Ga., are under contract for electric service.
Later It is proposed to extend transmission lines to Louisville, K y ., Clnclnati and other Ohio R iver c it ie s — V . 94, p. 1120, 1187, 1690; V . 95, p. 481,
[VOL. LXXXXV.
P R O P E R T Y , AC.— W ill own (1) Transmission lines now In operation
and under construction, 148 miles; to be constructed Immediately, 272
miles; total, 420 miles. (2) W ater powers; Present Installed capacity,
20,000 h. p .. Installed capacity to be Immediately added, 31,000 h. p.; unde
veloped, capable of an Installed 110,000 h. p.; grand total, 161,000 h. p.
See under Tenn. R y ., Lt. A P ow . Co. in V . 94, p. 1120, for description of
p roperty.— V. 94, p. 1321; V. 95, p. 549.
N ATCH EZ, M ISS.
SOUTHERN R A IL W A Y & LIGHT CO.— Street railway, gas and electric.
O R G A N IZ A T IO N .— Incorporated In 1908 and took over Southern
(1) Nashville Railway & Light C o.— Street railway and lighting system.
Light A Traction Co. (V. 85, p. 1144), which was a consolidation of the
O R G A N IZ A T IO N .— Incorporated In Tennessee on June 26 1903. Is a Natchez Electric Street R y . A Power C o., the Natchez Light, Power &
reorganization of the Nashville Railway C o., sold under foreclosure of the Transit Co. and the Natchez Gas Light Co. Gas franchise perpetual; street
latter’s 1st consol, m tge. 'I he Nashville R y . was a consolidation In 1900 railway and electric lighting franchises expire In 1949. Does the entire
of the Nashville Street R ailw ay, the Nashville A Suburban and the C iti street railway, gas, electrlc-ilghtlng and power business of Natchez. Has
zens’ Rapid T ianslt, the Cumberland Electric Light A Power and the contract with city for street lighting which expires In 1914. *
Union Light A Power Co. Owns and operates all the street railways and
STOCK A N D BONDS—
Date.
Interest. Outstanding. M aturity
does entire commercial electric-lighting business in Nashville. Franchises
S tock, $45,670 ($ 1 0 0 )_______ ____
__________
$45,670 __________
perpetual.
So. Lt. & T ract. 1st m $500,-1 1903 5 g A -01 5
335.000 A pr 15 1933
STOCK AN D B O N D S.—
Date.
Interest. Outstanding.
Maturity
000 g ($1,000)................ c * )I n t . at Inter-State Tr. A Bkg. C o.. New
Comm on $4,000,000__________
Q-J
$4,000,000 Sept’ 12, 1 %
JOrlenns, Trustee, or at First Nat. B k., N. Y
Pref 5 % cum $2,500,000____
2.500,000 July ’ 1 2 ,1 4
Q-J
Bonds.— $160,000 are reserved for betterments and extensions. Are su b
1886
6 J-J
65.000 Jul7 1 1926 ject to call at 105 and Int. $5,000 have been retired. See V . 76. p. 1086.
do
1887
6 J-J
485,000 July 1 1937
E A R N IN G S.— For year ending Dec. 31 1908: Gross, $127,365; net
1886
8 J-J
99,000 Jan 1 1917 $45,604; Interest and taxes. $22,466; surplus, $23,138.
6 J-J
1890
274,000 Jan 1 1926
R O A D .— Operates 6 miles of track; 12 cars.
1895
5 g J J
907,000 Jan 1 1925
O F F IC E R S .— Pres., A . G. Campbell, Natchez; V .-P ., L. II. Dinkins,
New Orleans: Seo., Treas. A M gr., Frank J. D uffy, N atchez.— V. 86. p .1 5 9 1 .
Nash R y A Lt consol rrtgej 1905
5 g J-J
4,054,000 July 1 1953
$6,000,000 gold ($1,000) Hnterest at Guaranty Trust C o., N. Y ., Trus
sinking fu n d ............... ..c* J
N E W A R K , N . J.
Nash R y & Lt ref & ext m tgef 1908
5 g J-J
2,810,000 July 1 195>
PUBLIC SERVICE CORPORATION OF N. J .— Street railway, gas and
$15,000,000 ($500, $1,000)-(Int. at Guaranty Tr. C o., N. Y ., Trustee,
electric.—
(See
map
on
pages
74 and 75.)
gold _____________________ c* i or at Nashville Trust C o., Nashville.
O R G A N IZ A T IO N .— Incorporated In New Jersey on May 6 1903 and
Bonds.— The N ashv. R y . & Lt. consols o f 1903 are subject to call on
o
n
t
r
o
ls
,
through
ownership
of stock, Public Service R y. C o., Public
any Interest date on 60 days’ notice at 1 0714. No more can be Issued
Service Gas C o., Public Service Elec. C o., Orange * Passaic Valley R y. Co.
except $56,000 now In treasury. Sinking fund $30,000 per annum, com
and
United
Elec.
Co.
of
N.
J.
The stockholders of the two cos. last named
mences July 1 1913,but only If com pany has a surplus above charges and
d lv . on pref. stock; bonds to be kept alive In sink. fd. Of the new ref. and and also the stockholders of certain of the cos. out of which Public Service
ext. bonds, $6,000,000 are reserved for prior liens and $6,190,000 m ay be R y. Co. was subsequently formed (namely North Jersey Street R y. C o.,
ssued, at the rate of $1,000 for each $1,250 expended, for future Im prove Jersey City H oboken A Paterson St. R y. Co. and Elizabeth Plainfield A
Central New Jersey R y . Co.) were given certlllcates described below In exch .
ments and equipm ent, not over $700,000 to be Issued In any calendar year
and subject to certain other conditions. Bonds cannot be called. Sinking for their stock. See plan In V . 76, p. 865, and also p. 1249. The Fidelity
und of H o f 1 % o f outstanding bonds starts N ov. 1 1918, bonds In sinking Trust Co. of Newark tlnanced the transaction.
Controls practically the entire street railway business of Northern New
und being kept alive. See particulars of bonds, property, A c., In V . 87,
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 C o.,
Dividends.— The first dividend on pref. stock— 214% — was paid Jan. 1 Morristown Gas Light Co. (V . 91, p. 95), Nichols Elec. Lt. A Power Co. of
1905 and 2 )4% each six months since to and Including July 1910. In Oct. M utley, N. J ., Citizens’ Eleo. Light, n e a t A Power Co. (Perth A m b oy , N .J .),
1910 changed to quar. and paid 1 $£%, and same amount quar. since to and Burlington Eleo. L t. « Pow . C o., Shore Lighting C o., Elizabeth Trenton A
ncl. July 1912. First d lv. on com .— 1 % — was paid Julv 1 1909. In 1910, New Brunswick R y . C o., Trenton Terminal R R . and VVcehawken Contract
3 % . In 1911. Jan.. >4%: April, >4%: July. 1 % : O ct., 1 % .
In 1912, ing C o.; a m ajority of stock of Princeton Light, Heat A Power Co. and prac
Jan., 1 % ; May, ll% ;s p e c la l; July, l % ;S e p t . , 114% .
tically all of the com m on stock of New Jersey A Hudson River R y . A F y .C o.
Merger r f Subs diaries.— In 1907 North Jersey Street R y . C o., Jersey
R E P O R T .— Years ending Deo. 31. R eport for 1910 In V. 92, p. 1370
City H oboken A P iter<ou Street R y . C o., and United Street R y. Co. of Cen
Year—
Gross. N et,aft.Tares. Int.
Pref. D ies. Depr’n.
Surplus
tral Jersey were c>'Solldatcd under the name of Public Service R y . C o.,
1911 ---$1,963,784 $838,449 $404,582 $125,000 $58,982
$249,885
1910------ 1,832,465 802,439
402,427
125,000
54,861
220,151 which see beluv. V . 85. p. 406 and 470. T o Public Servloe R y . Co. also
have been transferred the leases of various railways form erly held by Public
R O A D .— Operates 81 miles of track. Has been changed from broad to Service
Corporation.
standard gauge. 70 to 100-lb. T and girder rails. 225 passenger cars.
In Oct. 1909 all leasehold Interest In gas properties and all rights under
O F F IC E R S .— Pres, and M gr., Percy W arner; V .-P ., J. C. Bradford; operating
agreement with PlalnOeld Gas Light Co. were assigned to the
Sec. & Treas., II. C. W alters.— V . 90, p. 503, 698, 1677; V . 91, p. 791; Public Service
Gas C o., which see below; also V. 89, p. 594, 721. 847.
V . 92, p. 262, 1370, 1701; V. 94, p. 351, 768, 827, 1317, 1449.
In July 1910 all leasehold Interest In electric light and power properties
(2) C h a tta n o o g a R a ilw a y & L ig h t C o .
were assigned to the Public Service Electric Co. V. 90, p. 1614.
O R G A N IZ A T IO N .— Incorporated In Tennessee on July 24 1909 as a
STOCK AN D BONDS—
Date. Interest. Outstandinn.
Maturity
consolidation of the Chattanooga Railways Co. and Chattanooga Electric Stock. $25,000,000 ($100)..................
Q-M 31 $25,000,000 S jp t.3 0 ’12.1 \4
Co. per plan V . 88, p. 1497. V. 89, p. 285. Owns entire capital stock of Trust certificates, $20,200,000/ 1903
6M -N 19,981,710
Perpetual
L ookout Mountain R y . Co. Does entire street railway and electric light
(F idelity Trust C o., N ewark, Trustee.
and power business In Chattanooga and vicin ity. Suburban lines run to General mortgage $50,000,- f 1909
5 g A-O 30,000,000
Oct 1 1959
Missionary Ridge, Chlckamauga Park and Lookout M ountain. In 1911
000 gold ($1,000) s f _c*( Int. at Fidelity T r. C o., Newark, Trustee, or
made a 30-yr. contract with Eastern Tennessee Pow . C o., under which it
l
at office of J. P. Morgan A Co.
will obtain all power required for Its purposes and will use its steam stations
Stock.— In Jan. 1911 stock was listed on N . Y . Stock Exchange.
for reserve only. Franchises, with minor exceptions, without limit of tim e.
Bonds.— The trust certs, bore 2% Int. (dating from June 1 1903) the first
STOCK A N D BONDS—
Date.
Interest. Outstanding.
M atu rity. two years, 2 14% the third year, and Increased b y 'A% each follow ing year
Comm on $3,000 000 ( $ 1 0 0 ) ........................................ $3,000,000
until 6% was reached in the tenth year, which Is the rate now paid. See
Pref $2,000,000 5% c u m ($ 1 0 0 )-----QJ
2,000,000Sept’ 12,1
V . 80, p. 164. The following shows the terms upon which the stocks of the
First and refunding m ortgage/ 1909
5 g M-N
2.153,000 May 1 1956 constituent companies were exchanged for the trust certificates. T h e
$15,000,000 g ($ 1,000)--c * jF id e lit y Trust C o., Philadelphia, Trustee.
stocks acquired arc pledged as security for the trust certificates.
Chatt R ys 1st cons m tge, seel 1906
5 g M-N
2,165,000 May 1 1956
New
Total ctft.
text ($500A$1 ,000) g.c*___Jlnt. at Trust Co. of N or. A m er., Phlla..Trust.
Total
“Total
' '
.........................
certlflIf all stock
Chatt Elec R y 1st M $625,0001 1898
5 g J-J
625,000 Jan 1 1919
deposited. cates, exchanged.
stock.
g n o ts u b j to call ($ l,0 00 )c* j ln t . at Maryland Trust C o., B alt., Trustee.
$
%
•North Jersey Street R y _________ 15,000,000 14,838,000 40
6.000,000
Stock.— Pref, shares equally with com . after com , has received 5 % .
•Jersey City H oboken A Paterson
Bonds.— The $3,000,000 Chattanooga R ys. m tge. has been closed at
Street R y .........................................20,000,000 19,974,600 35
7,000,000
$2,790,000, of which $625,000 are reserved to retire prior Hens; callable any
•Elizabeth Plainfield A Central
Int. date at 107 and Int. on 3 m os.’ notice. Of the 1st A ref. bonds, $2,790,
Jersey R y. C o............
3,000,000
3.000,000
900.000
000 are reserved for prior liens and $10,057,000 for extens., bettm ts. and
Orange A Passaic Valley R y . C o .. 1,000,000
023,500
300.000
lm pts. at 85% of cost. N o sink, fd .; bonds are subj. to call at 105 and Int. Tnlted Electric C o............................20,000,000 10,594,500
6.000,000
on any Int. date after N ov. 1 1916. Int. payable In New York or Phila
delphia. V . 89, p. 846.
Total............................................................................................................20,200.000
* Now merged in Public Service Railway C o., which see below.
Dividends.— Initial d lv ., \ )4 % , paid on pref. O ct. 1909, and same amt.
quarterly since to and Including Sept. 1912.
The trust deed provides that the stocks pledged shall not be used so as to
ncrease
the capital stock of any of the com panies, nor to create any new
E A R N IN G S .— For year ending Deo. 31 1911; Gross, $943,472; net after
lens upon the respective companies except to take up existing debt of any
taxes, $389,724; Interest, $239,713; surplus, $150,011.
tuch
com
pany or of underlying or subsidiary com panies.
R O A D .— Not Including L ookout Mountain R y . operates 59.5 miles of
$50,000,000 Mortgage.— Remaining bonds under this mortgage m ay
track, inel. 2d track and sidings. Gauge 4 ft. 8 A in. T and girder rails.
be Issued for extensions and betterments, but only and when the Income
107 cars. 2 generating stations, total capacity. 10,200 h. p.
12 calendar months, together with Income from leased
O F F IC E R S .— Pres., C. M. Clark; V .-P s., M, S. Hopkins and H. L. Clark; (or the preceding
for the same period, after deducting operating expenses, taxes
Sec. and Treas.. G. L. Estabrook: Asst. Seo. and Asst. Treas., D. S. Hahn; properties
tnd
rentals,
shall
exceed
the sum total of ann. Int. payable upon all bonds
M gr., W . E . Bolleau. Office, Chattanooga, T enn .— V . 89, p. 285, 846; '.hen out. together with those
at the time about to be Issued, by an amount
V . 95, p. 543.
)f not less than 75% of the ann. Int. For security of bonds seo V. 89, p.
('llL 'm k o u t /M ountain R y . C o .— •
1348; V.90, p. 698. R ed. as a whole (but not In part) on any int. date beginning
O R G A N IZ A T IO N .— Owns and controls the Lookout Incline Co. and the O ct. 1 1919, at 105 A int. Commencing A ug. 1 1913. an annual sink, fund
L ookout Incline A Lula Lake R y . Stock all owned by the Chattanooga paym ent of $209,500 draws bonds at 105 A int. Bonds arc listed on N. Y .
Railway A Light Co. Private right of way except short piece of track on and Phlla. Stock Exchanges. V. 91, p. 717; V. 92, p. 1179; V. 93, p. 1191.
which franchise expires in 1926.
Leases.— In the following we show the companies held under leases by
Public Service R y . C o., Public Service Gas Co. and Public Service Elec. Co.
STOCK AN D BONDS.
Date.
Interest. Outstanding.
Maturity
with the annual dividends called for on the stocks of such com panies. The
Stock ($ 30 0 ,0 0 0)..........................................................
$300,000 ............
/as leases of companies held by Public Service Corp. were all assigned to Public
First
m ortgage ($500,000)1 1906
5 z
See text May 11956
ServlceGas Co. in Oct. 1909 (V . 89, p. 594) and the electric leases of companies
gold ------------------------------------/T rust Co. o f North Am erica, Phlla., Trustee.
ield by the Corporation were all assigned to Public Service Electric Co. in
Bonds.— $50,000 has been authorized to be Issued. None Issued yet.
July 1910.
-----Annual Rental— Dividends Guaranteed----E A R N IN G S .— Included In Chattanooga R y . A L t. Co. earnings.
6th 6th 7th 1th Thereafter
1*< yr . 2d
3d 4th
R O A D .— Operates a cable road of 5,000 feet, and has 3.6 miles of elec
Company—
%
%
%
% % %
%
%
%
tric road on top of m ountain. 4 cars.
8 8 8 8 yearly.
7
Essex
A
Hudson
Gas
Co____
3>$
6
5
O F F IC E R S .— Pres., C. M. Clark; V .-P ., M. S. H opkins; Sec. & T reas.,
4 5
6 7 8 8
Hudson County Gas C o____ 2
3
’’
2H
G. L. Estabrook; A sst. Sec. & Asst. Treas., D . S. Hahn; Gen. M gr., W . E .
The Paterson A Passaic Gas
Bolleau.— V . 83, p. 323; V . 87, p. 226.
A Electric C o__________
2
2 H 3 3>* 4 5 5 5
•*
(3) T en n essee P o w e r C o.
South Jersey Gas, Electric A
Stock all owned b y Tennessee R y ., Light & Power Co.
Traction Co_______________ $>$
6 7
8 8 8 8
5
••
range A Passaic Valley R y . C o_________
a ____
O R G A N IZ A T IO N .— Incorp. In Tennessee on April 24 1912. A cquired a
Somerset Union A Middlesex Lighting Co
arge part of its property from the Eastern Tennessee Power Co.
lam
den
A
Suburban
R
allwaya________________
A N D BONDS—
Date.
Interest. Outstanding.
Maturity.
New Jersey A Hud. R lv. R y . A Ferry C o . a . .
ock $20,000,000--------- ---------— All owned by Tenn. R y ., L t. & P. Co.—
rst mtge $50,000,000 gold ! 1912
M-N
$7,500,000 May 1 1962 New Brunswick Light, Heat A Power C o..........
The Gas A Electric Co. o f Bergen C o u n t y ___
guar p. and 1. ($1,000). _c*/B ankers Trust C o., New York, Trustee.
Jnltrd Electric Co o f New Jersey....................
N ote.— The 5% Interim receipts Issued in place of bonds are convertible Middlesex Elec. Light A Power C o..............- -
nto bonds on May 1 1915, with option to Tenn. Power Co. from May 1 1913 Nichols Elec. Lt. A Pow. Co. of N utlcy, N. J
o May-1 1915 to deliver either permanent bonds or pay such holder In cash
Jltlzens’ Elec., L t., Heat A Power C o_______
St e those com panies
0 % and Int., but If cash Is oHered the receipt-holders m ay have their The East Newark Gas Light C o.........................
onds for Investment on agreeing not to sell within a year at less than 96.
Morristown Gas Light Co .
_______________
Bonds.— Remaining bonds arc reserved for extensions, acquisitions and Ridgewood Gas Co______ .
____________
m provem ents. Bonds are guar. p. & 1. b y Tenn. R y ., Light A Power Co. Weehawken Contracting Co
_________________
T hey are additionally secured by deposit of entire stocks of Chatt. R y . A Lt.
Shore Lighting C o______
__________
Sk. fd . 1% per ann. of bonds out. begins May 1 1917; to be used for extraor Princeton Light, Heat A Power C o ...................
dinary renewals, replacements or additions, enlargements and extens.; also
Burlington Electric Light A Power C o ..............
for cancellation o f bonds. R ed . In whole or inS partJu 107 'A and in
Riverside Traction C o .a ....... ......................... ......
.......
Sec V . 95, p. 549.
a These roads are now leased to Public Service R y
S e p t ., 1 9 1 2 .J
ELECTRIC RAILWAYS
Also has operating agreement (dated Dec. 30 1903) with Plainfield Gas
lit. Co. for maintenance, extens. and operation of that company’s system.
This agreement was assigned to Pub. Serv. Gas Co. in Oct. 1909.
Dividends.— First dlv. of 1% was paid June 29 1907; 1% was paid Sept. 30
1907 and 1% Dec. 31 1907. In 1908, 4% . In 1909, 4 H % . In 1910,
5% . In 1011, 6% ; In 1912, Mch., 1 H % ; June, 1M%; Sept., 1 H % .
Latest Earnings.--For 6 mos. end. June 30 1912, gross, $15,484,067; net
after taxes, $0,823,849; misc. Income (Pub. Serv. Corp.), $983,918; Int. &
I'cntals, $5,003,333; Pub. Serv. Corp. fixed charges, $1,357,130; dlvs. (Pub.
Serv. Corp.), $750,000; sur., $97,304.
REPORT.— For calendar years; 1911 report In V. 04, p. 908.
GrossEarnings—
1911.
1910.
1909.
Railway company................................$14,450,088 $13,290,432 $12,114,412
Gas company.................................. ...... 8,985,088
8,491,882
7,870,879
Electric company................................ 6,089,732
5,872,238
5,117,728
Total gross earnings........................ $30,125,508 $27,054,552 $25,103,019
Operating expenses and taxes.......... .$15,941,091 $14,483,9851$13,331,228
Amortization charges................ ..........
672,654
257,315/
Total expenses................................$16,614,345 $14,741,300 $13,331,228
Net earnings--------------- ------------------$13,511,103 $12,913,252 $11,771,791
Pub. Serv. Corp. of N. J. Income from
securs. pledged & from mlsc. sources 1,890,513
1,532,348
1,457,432
Total Income................................... $15,401,676 $14,445,600 $13,229,223
Deduct—
Interest and rentals of leased and
controlled companies..................... $11,066,651 $10,539,949 $10,111,403
Fixed charges of Pub. Serv. C o r p ... 2,540,243
1,835,350
1,689,372
Dlvs. on Pub. Serv. Corp. stock.........(6)1,500,000 (5)1,250,000(4^)853,413
73
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Stock, $200,000 .....................................................
$175,000 ...............
First mortgage, $200,000,1 1905
5 g J-J
181,000 Jan 1 195«
£otdr — --------------------------\FldelIty Trust Co., Newark, trustee.
Bonds.—Of the bonds, $19,000 are reserved for Improvements.
nnrjA(vrvhA^r^l?ctrlc Li*ht & Power Co. of Nutley. N. J.
ORGANIZATION.— Incorporated In New Jersey. Stock $25,000 ($50);
all owned by Public Service Corp. No bonds. Was leased May 1 1908 for 900
years to Public Service Corp. (lease assigned to Public Service Electric Co.
in July 1910) for an annual rental of 10% on stock.
„ „ „ a Mr-* am T.-VW eeliawken Contracting Co.
ORGANIZATION.— Inc. In New Jersey May 9 1904. Is leased to Publlo
i ni . d P.'i foJ bo,nd Int. and 6% on pref. stock. Lease assigned in July
Co- Stock all owned by Public Service Corp.
®ONDS-—
Date. Interest. Outstanding. Maturity.
Stock, com. $70,000 ($50)...............
_
*70
non
Pref. $41,050 ($50)________________ ______ I "
41050
...................
FI^ -> ^ ? rts:age’ 530(00° K°ldf 1908
6 g F ’-A 20
30,’000 Feb.20 1928
($250) ------------------------c* iInterest at Weehawken Trust Co., trustee
t
. . Citizens Electric Light Heat & Power Co.
i oin^irt t0
Service Corp. June 15 1910 for 999 years, and In July
n D ' S m W x T 10 Public Service Electric Co.
™;rJl?£?rporated ln New Jersey on March 1 1905.
iervlce Corp'oratfoti000 ?25 : outstandlng, $41,400; all owned by Publlo
r.T>r.ATVTfzA^r^r,inTeton EIectric Light & Power Co.
o ° P G^ NIZATI° N .— Incorporated Oct. 6 1888 In New Jersey. Publlo
Lcn^r? ]ssu®. °* 8tock» except directors* shares. Stock
^ $ 2 5 , 0 0 0 ($50); outstanding, $17,550. No bonds. Leased for 900
years from May 1 1911 to Public Service Elec. Co. at a rental of $2,250 per an,
Paterson & Passaic Gas & Elec. Co.................... l
Somerset Un. & Middlesex Ltg. C o-.................
So. Jersey Gas, Elec. & Traction Co.....................[See below under Publlo
Gas & Electric Co. of Bergen County................_
Service Gas Co.
Shore Lighting Co.................................
Princeton Light, Heat & Power Co.......................J
Total deductions.............................. $15,106,894 $13,625,305 $12,654,188
Balance, surplus.................. ................
$294,782
$820,295
$575,035
OFFICERS.— Pres., Thos. N. McCarter; 1st V .-P ., George J. Robert*
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
Duscnberry.— V. 89. p. 349, 594, 721, 847, 1348; V. 90. p. I l l , 699, 1236.
1293, 1301, 1614; V. 91, p. 95, 397, 717, 871, 946, 1513; V. 92, p. 263, 726.
PUBLIC SERVICE GAS CO.
795, 882, 951. 962, 1179, 1243, 1636; V. 93. p. 590, 1191, 1789; V. 94, p. 68,
stockn*r0^CC* ^ Eubdc Service Corporation by ownership of entire capita)
099, 824, 908, 916, 1696, 1764; V. 95, p. 111.
(1) Elizabeth New Brunswick & Trenton RR.
ORGANIZATION.— Incorporated ln New Jersey and was created by
ORGANIZATION.— Incorporated In New Jersey April 18 1911. Stock, ohanglng the name of the old Oxy-Hydrogen Co. of the United Statei
auth. and out, $90,000 ($100); all owned by Public Service Corporation.
(Incorporated In New Jersey ln 1873). This latter Is said to have had a
perpetual charter under legislative grant conveying the right to manufac
(2) Trenton Terminal RR.
ture and distribute gas throughout the State. Company has no bonds.
ORGANIZATION.— Incorp. in New Jersey on Oct. 29 1903. Owns track _ Leases. On Oct. 1 1909 Public Serv. Corp. assigned to Public Service Gas
in Hamilton Twp., Mercer County, connecting with the tracks of River Co. the leases of Essex & Hudson Gas Co., Newark Consolidated Gas Co.,
side Trac. Co. and Elizabeth & Trenton RR. Leases Elizabeth & Trenton The East Newark Gas Light Co. and Hudson County Gas Co.,and,In so far
R R . for 999 years from April 1 1912. Stock auth., $100,000 ($50); out as they relate to the manufacture and distribution of gas, the leases of South
standing, $15,000; all owned by Public Service Corporation.
Jersey Gas Elec. & Trac. Co., The Paterson & Passaic Gas & Elec. Co.,
Somerset Union & Middlesex Lighting Co. and The Gas & Elec. Co. of Bergen
(a) Elizabeth & Trenton RR.
Lease.— Leased to Trenton Terminal R R . for 999 years from April 1 1912. County. V. 89, p. 594, 721. For dlv. rates, see Public. Serv. Com. above.
Operating
agreement between Plainfield Gas Lt. Co. and Pub. Serv. Corp.
Rental 5% on outstanding pref.stock, and, beginning with the year ending
April 1 1915, 1% on outstanding com., with additional 1% annually until was also assigned to Public Serv. Gas Co. On July 1 1910 leased the
Ridgewood Gas Co. And Morristown Gas Light Co. Also has leased gas
4% Is paid. V. 94, p. 697.
properties of Princeton Lt., Heat & Pow. Co. and Shore Lighting Co.
ORGANIZATION.— Incorporated In New Jersey on May 19 1910 ns
Stock, $10,000,000; $7,950,000 outstanding; all owned by Pub. Ser. Corp.
successor to the Trenton & New Brunswick RR. and the New Jersey Short
Stock will be Issued (V. 89, p. 594) from time to time at par to Public
Line RR ., both sold at foreclosure. See plan in V. 89, p. 1282, 1349.
Service Corp. only for cash or for Improvements at actual cost thereof.
No bonds. Real estate mortgages, $90,000.
STOCK AND BONDS—
Date. Interest. Outstanding.
Maturity.
Dividends.— Initial dlv.— 2% — paid Dec. 31 1909. In 1910, 2M%. In
Common $900,000 ($50)............ ..
A-O
$811,350
. ..
A-O
180,300
.
. lu ll, 8% ,
Pref $300,000 5% cum ($50)_. ___
First mtge $1,200,000 gold) 1912 5 g A-O
990,000 Apr i 1962
Latest Earnings.— For 6 mos. end. June 30 1912, gross, $4,570,918; net,
($1,000) c* ---------------------- /Interest at Logan Trust Co., Phila., trustee. after taxes, $2,262,447; rentals, $1,956,872; surp., $305,575.
Bonds.— First mtge. bonds are subject to call as a whole on any hit. day
REPORT.— For cal. year 1911, gross, $8,978,130; net, $4,812,547;
at 110 and int. Interest Is guar, by Pub. Serv. Iiy.
fixed charges, $3,895,780; dlvs. (8% ), $636,000; surplus, $280,767.
EARNINGS.— For 12 mos. ending Deo. 31 1911, gross, $53,397; net after
PROPERTY, &c.— In 1911 sold 8,894,571,000 cu. ft. of gas. Aug. 1 1912
taxes, $218.
,
had 2,700 miles of mains and 398,100 meters in service.
ROAD.— Operates 26.00 miles of standard-gauge track between Trenton
_______________ _ Essex & Hudson Gas Company.
and Mliltown over private right of way. An extension from Mllltown to
ORGANIZATION.— Incorporated In Nov. 1898 In New Jersey and on
Elizabeth, 19 miles, Is under construction. 60-lb. T rails. V. 90, p. 1362; Dec. 1 1898 assumed the lease of Newark Consol. Gas Co. to United Gas
V. 94, p. 697.
Improvement Co. for 999 years from Dec. 1 1898. Essex & Hudson Gas
Co. was leased to Pub. Service Corp. for 900 years from June 1 1903 and
lease assigned Oct. 1 1909 to Public Service Gas Co. For terms of lease see
PUBLIC SERVICE ELECTRIC CO.
Pub. Service Corp. above. Stock authorized and outstanding, $6,500,000.
V. 67, p. 1002, 1160.
Controlled by Public Service Corporation by ownership of entire capital
stock.
, , MI„ , _ T_Newark Consolidated Gas Company.
ORGANIZATION.— Incorporated Nov. 30 1898 ln New Jersey. ConORGANIZATION.— Incorporated In New Jersey on June 13 191o.
•olldatlon of Newark Gas Co., Montclair Gas & Water Co., Summit Gas
L e a s e s . - — In July 1910 Public Service Corp. assigned to Public Service
Light Co.. People’s Gas Co. of Irvington and Clinton Gas Co. Owns entire
Electric Co. the leases of United Elec. Co. of N. J., Middlesex Elec. Lt. & capital stock of Orange Gas Light Co. and practically all the stock of The
Power Co., Wcehawken Contracting Co., Nichols Elec. Lt. & Power Co of East Newark Gas Light Co. Leased all Its property to United Gas Im
Nutley, N. J., and Citizens Elec. Lt., lit. & Power Co. and thcclectrlo provement Co. of Phila., Pa., for 999 years from Dec. 1 1898, and on same
properties of South Jersey Gas, Elec. & Trac. Co., The Paterson & Passaic date lease was assigned to Essex & Hudson Gas Co. and by last-named
Gas & Elec. Co., Somerset Union & Middlesex Lighting Co. and The Gas company to Public Service Gas Co. Oct. 1 1909. Lease provides for pay
« Electric Co. of Bergen County. For dividend rates of these latter see ment of all fixed charges and dlvs. on stock commencing H % July 1 1900
Public Service Corp. above. Also leases Burlington Elec. Lt. & Pow. Co
*nd Increasing M%yearly until 5 % Is reached In 1910; thereafter 5 %per an.
and electric properties of Princeton Lt.. Ileat & Pow. Co. and Shore Lights
STOCK AND BONDS—
Date. Interest. Outstanding. Maturity.
Ing Co. In addition, leases and operates the power stations owned by Stock,
$6,000,000 ($100)..................
...................$6,000,000 See text.
Public Service Ry. Co.
Cons Gas cons .mtge) 1898
5 g J-D
6,000,000 Dec 1 1948
Stock authorized, $15,000,000; outstanding, $10,250,000; all owned by Newark
$10,000,000 g ($1,000) - . c ’ /ln t . at Fidelity Trust Co., Newark, trustee.
Public Service Corp. No bonds. Real estate mortgages, $304,000.
Newark Gas 1st mtge $4,000.-1 1895
6 Q-J
3,999,700 April 1 1944
Dividends.— Initial dividend— 1%— paid Dec. 31 1910. In 1911, 8% .
000 ($100, $500&$1,000)c* j Int. at Fidelity Trust Co.. Newark.
Bonds.— Of the $10,000,000 Newark Con. Gas bonds, $4,000,000 are reLatest earnings.— For 6 mos. end. June 30 1912, gross, $3,703,754; net
•erved to retire underlying liens.
after taxes, $2,028,568; rentals, $1,366,978; sur., $661,590.
The East Newark Gas Light Co.
REPORT.— For year end. Deo. 31 1911, gross, $6,732,921; net, $3,
This company was leased to Public Service Corporation for 999 years from
547,593; fixed charges, $2,612,870; dlvs. (8% ), $820,000; sur., $114,723.
A’ r
to
r
.
annual rental of 6 % on stock, and lease assigned Oct. 11909
PROPERTY, ETC.— On Deo. 31 1911 had 30 generating stations and 46 .to PPublic
Service Gas Co.
sub-stations, with a total capacity of 186,858 k.w.; 425 miles of transmission
ORGANIZATION.— Incorporated ln New Jersey. Stock $60,000 ($25)
line and 87 miles of conduit. Meters, 73,488. On Aug. 1 1912 street arc
Ml
out;
no
bonds. Stock Is owned by Essex & Hudson Gas Co. and
lamps supplied, 11,048, and 19,043 street Incandescent lamps.
Newark Consol. Gas Co. Operates ln Harrison, Kearny, Arlington,
OFFICERS.— Pres., Thos. N. McCarter; V .-P., George J. Roberts; North
Arlington and East Newark.
Comp., Percy S. Young; Sec., Ed. VV. HIne; Treas., Jas. P. Duscnberry;
,
Hudson County Gas Co.
Gen. Mgr., Dudley Farrand.
This company was leased to Public Service Corporation for 900 years
from June 1 1903. Oct. 1 1909 lease was assigned to Publlo Service Gas Co.
United Electric Co. of New Jersey.
For dlv. rates see Public Service Corporation above.
ORGANIZATION.— Organized June 1 1890.
Incorporated In New Jersey In October 1899, aud
Lease.— Leased July 1 1907 for 999 years to Public Service Corporation Is aORGANIZATION.—
consolidation of the various gas plants ln Jersey City and Hoboken.
In July 1910 lease assigned to Public Service Elcctrlo Co.
Under
STOCK AND BONDS.—
Date. Interest. Outstanding. Maturity.
the lease the $400,000 surplus cash assets of company were divided and a
•pedal dividend of 5% was paid Juno 29 1907 (V. 85. p. 44). Rental la Stock $10,500,000 ($100).................................... .. $10,500,000 ...................
5 g M-N
10,500,000 Nov 1 1949
3% for two years, 4% for next two years and 5% thereafter. V. 85. d 44 First mortgage $10,500,0001 1899
gold------— ------------------ ./N .J.Tltle Guar.&Tr.Co., Jersey City, Trus.
Public Service Corporation owns practically all of this company’s stock'and
$683,000 of Its 1st mtge. bonds.
PLANT.— Controls all gas plants ln Jersey City, Hoboken and Bayonne.
—V. 78, p. 770; V. 84, p. 1555.
STOCK AND BONDS—
D a te .
In te r e s t.
O u tsta n d in g .
M a tu rity
Stock. $20^000,000.....................................................$20,000,000 See text
Ridgewood Gas Company.
1st mtge $20,000,000 gold) 1899
4 g J-D
18,617,500 June 1 1949
ORGANIZATION.— Incorporated April 24 1900. Is leased to Publlo
($500 and $1 000)..........c*/In t. at N.J.Tltle Guar. A Tr. Co. J.O . Trus
Service Gas Co. for 999 years from July 1 1910 at rental of $2,000 per annum.
Oon Lt Heat & Pow $1,000,-1 1898
5 g J-D
308,000 June 1 1938
STOCK AND BONDS— Dale.
Interest. Outstanding. Maturity.
000 ($500) gold.......... ....... J Int. at N.J Title Guar &Tr.Co , J.C.. Trustee Stock,
$100,000 .................................
............
$100,000 .................
No Hudson I.t Heat & Pow) 1898
5 g A-O
367,000 Oct 1 1938 First mortgage,
$100,000—
/
1900
5 J-D
100,000 June 1 1925
$2,000,000 ($1,000)...........Jlnt. at N.J.Tltle Guar.&Tr.Co. J.C.. Trus.
lin t, at Equitable Trust Co., N. Y ., trustee
Bonds.— In addition to the above there are $115,000 Con. Lt. Ht. & Pow Second mortgage, $100,000.1 1905 5 A-O
85,000 Apr 1 1925
bonds In hands of trustee. Int. on 1st mtge. Is guaranteed by Pub. Sor’
lin t, at Fidelity Trust Co., Newark, Trustee.
Corp., which also agrees to provide for payment of prln. by extension re
Morristown
Gas
Light
Co.
funding or otherwise. V. 90, p. 114. 1st mtge. bonds are reserved to re
In 1910 Public Service Corporation acquired all the capital stock of this
tire Con. Lt. Ht. & Pow. and No. Hud. Lt. Ht. & Pow. bonds.
company. V. 91, p. 95.
REPORT.— For year 1911, gross. $4,079,438; net, $2,291,367; Interest
ORGANIZATION.— Incorporated In New Jersey on Feb. 19 1855
$778,450; surplus, $1.512,917.— V. 85, p. 44. 288, 415; V. 90. d . 114* Leased to Publlo Service Gas Co. for 999 years from July 1 1910
Rentai
1106; V. 93, p. 414; V. 94, p. 987.
equal to 5% per ann. on outstanding capital stock. Stock out, $367,500
($100), all owned by Publlo Service Corporation. No bonds.
Middlesex Electric Light & Power Co.
The Paterson & Passaic Gas & Electric Co.
ORGANIZATION.— Is a consolidation of Carteret Electric Light A
This company was leased to Public Service Corporation for 900 years
Power Co. and Middlesex Lighting Co. Was leased May 1 1908 for 900 from June 1 1903. See dividend terms further above. In Oct 1909
years to Public Service Corp. for an annual rental of 5 % on stock and Int. gas part of lease assigned to Public Service Gas Co. and In July 1910 electrlo
on bonds. Lease assigned to Public Service Electric Co. In July 1910- part of lease assigned to Public Service Electric Co.
Stock all owned by Public Service Corporation, which also owns $21,000
ORGANIZATION.— Is a consolidation of the various gas and lighting
o the 1st mtge. bonds.
properties of Paterson and Passaic.
76
ELECTRIC RAILWAYS
STOCK AND BONDS.— Date.
Interest. Outstanding. Maturity.
Stock $5,090,000 ($100).....................
J-D
$5,000,000 .....................
Cons mtge $5,000,000 goldf 1800 5 g M-S
4.049,000 Mch 1 1940
($ 1.00 0)______________ f* (ln t . at First Nat. Bank, Paterson, or First
I
National Bank, New York.
Ed El 111 1st m tge.................... / 1895 5 g J-J
$585,000 July 11925
1 Paterson Safe Dep. & Trust Co., trustee.
Passaic Ltg Co con m tge----- ) 1895 5 g M-N
316,000 May 11925
1Guaranty Trust Co., trustee.
50,000 June 1 1922
Passaic Gas Lt 1st mtge...........I 1892 6 g J-D
lPaterson Savings Institution, trustee.
Bonds.— Of the new $5,000,000 mtge. of 1899, $951,000 Is reserved for
underlying Hens. The new bonds are not subject to call
The Paterson
Safe Deposit & Trust Co Is trustee.
Somerset Un«on & (Middlesex Lighting Co.
ORGANIZATION.— Incoiporated In New Jersey on Dec. I 1903, In the
Interest of Public Service Corporation, as a consolidation of Somerset Light
ing Co. of Somerville, N. J., Plainfield Gas A Electric Light Co. of PlainHeld. N. J., and Citizens’ Electric Co. of North Plainfield. (V. 78, p. 107.)
On Dec. 31 1903 Central Elec. Co. was also merged In the same. Public
Service Corp. owns $573,000 Som. Un. A 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
Dec. 31 1903 on the following terms, viz.: all Interest, expenses and
taxes to be paid by Public Service Corporation, and as rental a dividend
on the stock accruing as follows: From Dec. 1 1905, 1 %• Dec. 1 1906,
1H%; Dec. 1 1907 2%; Dec. 1 1908, 2H %; Dec. 1 1909, 3% ; Dec. 1 1910,
3 H % ; Dec. 1 1911 and thereafter, 4% . So much of lease as relates to
manufacture and distribution of gas has been assigned to PublicSer.Gas.Co.;
remainder of lease applying to electric properties has been assigned to
Publlo Service Electric Co.
STOCK AND BONDS.— Date.
Interest. Outstanding. Maturity.
Stock $1,050,000 ($100) ..................
J-D
$1,050,000
See text
Somerset Un A Mid Lt Co Ml 1903 4 g J-D
1,974,197 Dec 1 1943
$2,750,000 ($1,000) g. .c* jln t. at Fidelity Tr. Co., Newark, Trustee.
UnderlyingBondsassumed—
Plainfield Gas & Elect Lt genl 1900 5 A-O
460,000 April 1 1940
mtge $500,000 .................. (Guaranty Trust Co , New York, Trustee.
Citizens’ Electric 1st
mort-l 1895 5 M-N
40,000 Nov 1 1915
gage, $40,000 .................... /Knickerbocker Tr. Co., New York, Trustee.
Somerset Lighting Co lstl 1899 5 F-A
150.000 Feb 1 1939
mortgage. $150,000 ______/Fidelity Trust Co., Newark, Trustee.
Cent Elec consol mtge $750,-1 1900 5 g J-J
700,000 July 1 1940
000 ($500 and $1,000) g .c* j Int. at Fidelity Tr. Co., Newark, Trustee.
Edison Elect 111 of N B lstl 1888 6 J-D
50 000 June 1 1918
mortgage $50,000------- . - - /
Bonds.— $1,128,197 of the 1903 bonds have been Issued In exchange tor
the stocks of the companies consolidated and $846,000 for extensions and
Improvements: $678 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 Plainfield Gas & Electric general 5s,
$40,000 Is reserved for prior liens. Of Central Electric Co. bonds, $50,000
Is reserved to retire a like amount of Edison Elec. Ilium. Co. bonds. Cen
tral Elec, bonds are subj. to call at 110 and Int. V. 78. p. 107.
South Jersey (las, Electric & Fraction Co.
This company was leased to Public Service Corpor'u for 900 years from
June 1 1903 (see dlvs. guaranteed under Public Service Corp. further above),
and on Oct. 1 1909 so much of lease as relates to the manufacture and dis
tribution of gas was assigned to Public Service Gas Co. Its traction busi
ness Is leased to Public Service Ry. Co. and Its electric business Is leased
to Public Service Electric Co. Public Service Corp. owns $3,368,000 of
Sou. Jersey Gas, Elec. A Trac. 1st M. 5s.
ORGANIZATION.— Incorporated In 1900 to bring under one control
the gas electric light and trolley Interests In Southern New Jersey. In
Dec. 1902 purchased the entire capital stock of Bristol Electric Light A
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
A Woodbury Ry , which has been leased to Public Service Ry. Co.
STOCK AND BONDS.— Dale.
Interest. Outstanding. Maturity
Stock $6,000,000 ($100;___ - ___
J-l)
$6,000,000
See text
1st mtge $15,000,000 goldl 1903 ft g M-S
12,753,000 Mch 1 1953
($1,000)____________ ,c * jln t. at Fidelity Tr. Co., Newark,N.J. Trus.
Trenton G&El 1st M $2,000.-1 1899
5 g M-S
2,000 000 Mch 11949
000 gold ($1.000) ____ ___ j Interest at Equitable TrustCo., N. Y.,Trustee.
Burlington Gas Lt Co 1st M ..J 1901 5 g M-N
100,000 May 11921
$100.000.... ......................... \Int. at Burl’ n City L.&T.Co., Burl’n, trustee.
Bonds.— Of the new *15,000,000 Issue, $2,108,000 are reserved to retire
prior liens and $139,000 for additions and Improvements. No sinking fund
and bonds cannot be called.— V. 76, p. 332, 544, 866, 1144, 1250; V. 78,
p. 1449, V. 86. p. 1530.
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 latte'
company below.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturtti
Stock, $500,000 ($100).... ................J-J
$400,000 See text.
First mtge, $500,000. gold/ 1899 4 g J-D 15
500,000 Dec.15 1939
($500 and $1,000).......... c*(Int. at Fidelity Trust Co., Newark, tiustet
(a) The Gas Light Co. of the City of New Brunswick.
ORGANIZATION.— Incorporated on Mch. 18 1851. Stock authorlzec
and outstanding, $400,000; all owned by New Brunswick Lt.. Ht. & Pow
Co., except directors’ shares. Was leased to the Public Service Corporatloi
for 900 years from Jan. 1 1905 (June 1 1906 lease assigned to South Jersej
Gas, Elec. & Trac. Co.), rental being payment of Int. on bonds of Nev
Brunswick Lt., lit. A Pow. Co. and dlvs. on stock of said company, as fol
lows: 2 % In each of the years 1905 and 1906, 2 >3 % In 1907 and 1908
3% In 1909 and 1910. 3 V
, % In 1911. 4 % In 1912, 4 14% In 1913 and 5 %
In 1914 and thereafter. The company Is now controlled by Public Servlci
Gas Co. by reason of assignment of lease of gas properties of South Jersej
Gas, Elec. A Trac. Co. to Public Service Gas Co.
Gas & Electric Co of Bergen County.
LEASE.— Was leased to the Public Service Corporation for999 years frou
Jan. 1 1905. Dividends are 2% for first two years, 2 % tor thi
next year. 3 % tor the next two years. 4 % for the next four years and 5 94
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 July 191(
lease of electric properties was assigned to Publlo Service Electric Co.
ORGANIZATION. — Inc. May 31 1899. Is a consolidation of several
small gas and electric-light companies. Public Service Corp. owns $455,000
of gen. mtge. No. 2 bonds.
STOCK AND BONDS—
Date. Interest. Outstanding. Maturtti
Stock, $2,000,000 ($ 100).......................................
$2,000,000
See text
General mortgage, $5,000,000/
1904 5 g M-N
46.000 Nov. 1 19$«
gold ($1,000) .................... (Equitable Trust Co., N. Y ., trustee.
General mortgage $5,UU0,U00|
1904 5 M-N
2,063,000 Nov. 1 195*
(Fidelity Trust Co., Newark. Trustee.
Consolidated mortgage, $1,-1
1899 5 g J-D
1,436,000 June 1 1941
500,000 g o ld ___________ (Fidelity Trust Co., Newark. Trustee.
Englew G & E general mtge_ 1899
5 J-J
23,000 Jan. 1 1931
Hack Gas & Elec deb Series 1. 1897 6 J-J
3,000 Jan. 11911
Hack Gas A Elec 1st mtge . . . 1895 5 J-J
10.000 July 11931
Hack G L 1st mtge ($1,000) . ,c 1894 5 J-J
28.000 July 1 193<
Bonds.— Of the general mortgage tor $5,000,000. $1,546,000 Is reserver
to retire prior Hens and $1,391,000 for additions and Improvements. Thi
gon. mort. of which the Equitable Trust Co. is trustee, was superseder
by the similar mtge. of which Fidelity Tr. Co. Is trustee. V. 80, p. 65$
Shore Lighting Co.
ORGANIZATION.— Incorporated March 21 1911 In New Jersey and Is t
consolidation of Shore Elec. Co.. Sea Bright Elec. Lt. Co. and Citlzenr
Lt. A Fuel Co. of South Amboy. Stock owned by Public Service Corp.
The electric properties have been leased to Pub. Serv. Elec. Co. and thi
gas properties to Pub. Serv. Gas Co.; the leases are for 900 years from May 1
1911 and provide for payment of Interest on bonds and amount equivalent
to 5 % 'per ann. on the auth. stock.
STOCK AND BONDS—
Dale. Interest. Outstanding. Maturity,
Stock. $112,000 ($100).............................. ..............
$112,000 .................
First mtge., $400,000 gold/ 1911
5 g A-O
400,000 April 1 195
($500) .................................(Int. at Fidelity Tr. Co., Newark. N. J., trus
I V O L . L X XX XV,
Bonds.— $341,500 bonds were Issued to take up $341,500 Shore Electric
Co. bonds and $58,500 to take up $46,800 Cit. Lt. A Fuel Co. bonds; arc
guar., p. A L, by Public Service Corporation.— V. 92, p. 1640.
Princeton Light, Heat & Power Co.
In 1910 Public Service Corp. acquired control. V. 91, p. 399. Public
Service Corp. owns $115,850 stock.
ORGANIZATION.— Incorporated In New Jersey on July 31 1905 as a
consolidation of Princeton Elec. Light Works, Princeton Gas Light Co. and
Hopewell Elec. Lt., Heat A Pow. Co. Electric properties have been leased
to Pub. Serv. Elec. Co. and gas properties to Pub. Serv. Gas Co., the leases
being for 900 years from May 1 1911. and providing for payment of Interest
on bonds and amount equivalent to 2% per ann. on outstanding stock.
STOCK AND BONDS—
Dale. Interest. Outstanding. Maturity
Stock $250,000 ($50)..........................................
$122,500 ..................
1st ref mtge $250,000 g s f( 1909
5 g F-A
171,900 Feb 1 193*
($100, $1,000 or frac.) ..c * ]ln t. at Equitable Trust Co., N. Y ., trustee.
Prior lien mtges____________ _____
_______
21,000 -------------Bonds.— $21,000of 1st A ref. bonds are reserved to retire like amount of
prior liens. Bonds are guar., p. A 1., by Pub. Serv.Corp. Red. on any Int.
day at 105 and Int. Sinking fund 4% of gross earnings of company begun
in 1910.— V. 91, p. 399.
_______
PUBLIC SERVICE RAILWAY CO.—See map on pages 74 and 75.
Controlled by Public Service Corporation through ownership of 99%
of stock. No lease.
ORGANIZATION.— Organized In 1907 as a consolidation of the North
Jersey Street Ry. Co., Jersey City Hoboken A Paterson St. R y. Co. and
United Street Ry. Co. of Central Jersey. V. 85, p. 406
North Jersey
Street Ry. In Jan. 1898 absorbed the Newark A South Orange. The
Jersey City Hoboken A Paterson was a consolidation In November 1899
of the following: Jersey City Hoboken A Rutherford Electric Ry. Co., Pali
sades RR. Co., Paterson Central Electric Ry. Co., Paterson Horse RR. Co.,
Paterson Passaic A 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 Plainfield A Central Jersey Ry. Co. (which was chartered In 1900 as a
consolidation of Plainfield Street Ry. Co. and other companies) and Eliza
beth A Raritan River Street Ry. Co. (which was a consolidation on April 30
1904 of Middlesex A Somerset Traction Co. and East Jersey Street Ry. Co.,
which latter company had previously absorbed Raritan Traction Co.
Perth Amboy RR. Co. and East Jersey Traction Co.
In addition to above Public Service Ry. leases Consolidated Traction Co.
South Orange A Maplewood Traction Co., Bergen Turnpike Co., Orange A
Passaic Valley Ry. Co., Camden A Suburban Rv. Co., Camden Gloucester
A Woodbury Ity. Co., New Jersey A Hudson River Ry. A Ferry Co. and
Riverside Traction Co., which companies see below. Also owns all stock
of People’s Elevating Co.
Completed In 1912 a terminal station at Slpp Avc., Jersey City, connect
ing with the Penn. R R . station and also with the tunnel station there.
A terminal station at Hoboken connecting with the D. L. A W. R R .
station and also with tunnels terminating there was completed In May 1910
License Fee Invalid.—The Supreme Court of New Jersey Oct. 21 1911 set
aside as Invalid an ordinance of the city of Paterson Imposing a license fee
of $25 for every 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
on a transfer.
The basis of exchange of old stock for stock of this company was as follows
Name of Company—
Total
Stock.
Receive NewStock
Total
tnnew if all Stock
Deposited Stock. Exchanged
North Jersey Street R y . . . $15,000,000
$14,840,300 100%
Jersey City Hob. A P a t ...
20,000,000 19,976,400 100%
United St.Ry.Co.of Cent.J.
4,000,000
4,000,000 75 %
$15,000,000
20,000,000
3,000,000
Total................................ $39,000,000 $38,816,700
$38,000,000
STOCK AND BONDS.
Date. Rate. Outstanding. Dlv., etc.
Stock, $38,000,000 ($100).............- .................. $37,816,700 Dec31’l l , l H
Car trust certfs.. Scries” A” . / 1908 6 J-J
440,000
See text
(Int. at Fidelity Tr. Co.. Phlla., Pa., trustee.
Car trust certificates, Series! 1910 5 J-J
360.000
See text
"B "
lin t, at Fidelity Tr. Co.. Phlla., Pa., trustee.
Cam. ASub.cartrusts$70.000j 1004 5 g A-O
14,000
See texi
(int.at CaindcnlN. J.)Safe Dep.ATr.Co,Trus.
Real estate mortgages_______ _____ ________ ,
c -v r -c -Car trust certificates Series " A ” were formerly an obligation of.-rthe
Public
Service Corporation, but lease of equip, trust cars was assigned to Public
Service Ry. Co. and cert, obligation assumed by Railway Co. They mature
$40,000 semi-annually July 1 and Jan. 1. Series” !! certificates mature
$22,000 on each Jan. 1 and $23,000 on July 1. Camden A. Sub. oar trusti
mature $7,000 annually on April 1 until and Inol. 1914: $56,000 have been
retired.
SECURITIES OF NORTH JERSEY STREET RY.
Date.
interest. Outstanding. Maturity
Date.
Interest. Outstanding. Maturity.
First mortgage, $15 000,000, f 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. N\warlr. N. J
Of the 1st mtge. bonds, $7,230,000 arc owned by Public Service Corp.
SECURITIES OF JERSEY CITY HOBOKEN A PATERSON ST. R Y .
Tersey City Hoboken A Pater-1 1899 4 g M-N $14,061,000 Nov 1 1940
erson 1st mtge gold, $20, /Interest at New Jersey Title Guarantee A
000,000 ($1,000).............c*J Trust Co., Jersey City, Trustee.
Bonds of ConstituentCos.—
V. Hud. Co. Ry. mtge.($1,000) 1884
6 J-J
$620,000 Jan 1 1014
North Hudson County Ry.l
consol mortgage $3,000,000 / 1888
5 J-J
2,378.000 July 11928
$620,000 to retire 1st M .c'J Int. at First Nat. Bank, Hoboken.
N. Hud. Co. Ry. Impt. mtge..\ 1894 5 M-N
1,201,000 May 11924
$1,500,000 ($1,000)........._ )Int. at Fidelity Trust Co.. Newark, Trusteo.
Weehawken Extension Mort-( 1895
5 F-A
100,000 Feb 1 1915
gage ($100,000) ................./ Central Trust Co., New York, Trustee.
Paterson Ry Con M (now lst)( 1891
6 g J-D
1,250,000 June 1 1931
gold $1,250,000 ($ 1,000) .c/Knickerbocker Trust Co.. N. Y., Trustee.
Paterson Ry second gen mtge)
1894 6 A O
300,
@FedFRASER