Full text of Commercial and Financial Chronicle : September 29, 1894 : Investors' Supplement, Vol. 59, No. 1527

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Inkstors’
OF THE

C

ommercial

&F

inancial

C hronicle

[Entered according to act of Congress, in year 1894, by the Willlam B. Dana Company, in the office of the Librarian of Congress, Washington, J). c.]

YOL. 59.
2 p x je

NEW YORK, SEPTEMBER 29, 1894.
(§ îx x im x tU .

The I nvestors' Supplement is published every other month—viz.,
January, March, May, July, September and November, and one copy
of each issue is furnished, w ithout e x tra charge, to all regular sub­
scribers of th e Commercial and F inancial Chronicle .
WILLIAM B. DANA CO., Publishers,
Pine Street, com er o f Pearl Street, New York.
P. O. Box 958.

HOW TO INTERPRET CURRENT RETURNS
OF EARNINGS.
Statements of railway earnings for current periods
possess uncommon interest at the present moment.
Within certain limits they afEord a clue to the course
of trade, and they bear directly on the value of rail­
road properties. The last twelve or fourteen months
have been a very lean period for the railroad-carry­
ing interest, and the revenues of the leading trans­
portation lines have contracted in a marvelous
manner. Before the advent of the panic in 1893 the
losses since experienced would have been deemed out
of the question. But all this is now past, and every­
body is looking forward to greatly improved returns
hereafter. This makes it particularly important that
the returns of earnings as they are received from week
to week and from month to month should not be mis­
understood—that proper consideration be given to all
the elements entering into the comparisons, lest disap­
pointment be felt if in the immediate future the returns,
for special reasons, should fail to come fully up to
expectations.
Looking at the trade conditions prevailing there is
certainly every reason why the revenues of the roads
should show improvement^—
especially as compared
with the period of lean earnings last year. The un­
certainties regarding tariff duties have been removed,
the condition of the United States Treasury is improv­
ing, Government revenues are increasing, gold exports
have ceased, the railway strike and the strike of the
bituminous coal miners are things of the past, stocks
of goods all over the country are low* and everywhere
mills, factories and furnaces are starting up, giving
work to men previously idle or ensuring full employ­
ment to those who before had only partial employment.
For over a year all classes of the population have
passed through a period of enforced economy. The
effect of course was unsettling ,and disturbing in the
extreme. But this very action had in it an element of
strength. When the depression came and inquiry and
demand fell off, manufacturers and producers at once
shut down in nearly all the leading industries. Ob­
viously a totally different policy might have been pur­
sued. Production could have been kept up very close
to the full limit and stocks allowed to accumulate in




the "hope that trade revival, when it ensued, would
quickly absorb the accumulations. In the earlier stages
of previous periods of depression this was the
course followed to a large extent. But in the present
case that policy has been the exception rather than
the rule. In fact while the falling off in consumption
was radical—jobbers and consumers alike having sud­
denly stopped making purchases or giving orders—
the falling off in production was in some instances even
more radical, because manufacturing establishments by
the wholesale concluded to stop work. Moreover,
when the coal strike occurred and cut off the supply of
fuel, what had previously been done from choice was
now obligatory ; whatever the desire of the manufac­
turer, if he could obtain no fuel he had to close up
his establishment. The result is that now that every
one feels the need of buying again, after having rigidly
curtailed his purchases, the only way to supply these
wants (there having been no extensive accumulation of
stocks) is by the resumption of work.
There is therefore in these facts full assurance of
increased commercial activity, and with the volume of
trade expanding, the Volume of traffic over the railroads
must also expand. But a word of caution here is in
order. The revival will not occur all at once. Tne
process of recovery and of growth and development
will necessarily be slow. First one branch of trade,
then another, will feel the effects of the restoration of
confidence and the increase in consuming and buying
power. The demand will show itself more quickly in
some departments than in others ; some mills and fac­
tories will start up at once, others will proceed more
cautiously and with greater deliberation. Confidence
begets confidence, and as one establishment after another
resumes work or increases production, thus giving
employment to additional men, the movement will
gain force, until finally business in all its branches and
ramifications is again in full swing.
We see how
quickly and decidedly the situation may change by the
monthly record of the iron furnaces in blast, reviewed
by us two weeks ago. Not unlikely the iron trade
must be regarded as exceptional in that respect. In
most instances, doubtless, the process of growth will
be much slower. It is to be remembered, too, that as
far as the effect on railroad revenues is concerned, some
time must necessarily elapse even after an establishment
resumes work before its product can appear in the
tonnage of the roads. The fuel and raw materials will
count early in such tonnage, but the goods and finished
product must first be made before they can be shipped.
Bat whether the recovery be slow or be rapid, the
important fact is that the basis for a full recovery
exists in the absence of accumulations of stock and in

INVESTORS’
the extent to which the wants of the whole population
have been restricted during the last twelve months.
Of course, in a measure, the failure of the corn crop
introduces a disturbing element in the calculation.
Aa far as the sections immediately affected are con­
cerned, this crop failure is a serious matter, and the
roads traversing those sections can hardly fail to suffer
more or less in consequence. It is not merely that
they will lose the tonnage in corn but that the buying
and consuming capacity of the sections will be greatly
curtailed and restricted. As far as the country as a
whole, however, is concerned, the effects of the crop
failure are more likely to be exaggerated than to be
under-estimated. East of the Mississippi and in the
South the crop situation is satisfactory and the States
having a surplus of corn will be able to dispose of it at
high figures. But entirely apart from this the experi­
ence of the last year has demonstrated that normal
conditions regarding general trade are of vastly more
importance to the roads in affecting tonnage and
revenues than even good crops (important though
good crops always are), and such normal conditions are
now being gradually restored.
We think very few persons will be inclined to take
issue with what has been said in the foregoing. But
there is one point we desire especially to bring out and
emphasize in this article, and that is that if the returns
of earnings for the current month and for October
should fail to show gains in earnings, it will not by
any means indicate that the traffic of the roads is not
heavier than a year ago or that the revival in business
is not being fully maintained. This follows from the
fact that the passenger traffic of the roads was excep­
tionally heavy at this time last year by reason of the
holding of the World’s Fair, and if one would inter­
pret the returns correctly, that factor must be taken
into account and very carefully considered. The effects
are already becoming apparent. Thus while during
August our weekly returns showed better results each
week, and in the fourth week we had a gain of as much
as 6*64 per cent, for the current weeks of September
this gain has not been kept up, and for both the 1st
and 2d weeks there is a slight decrease.
The explanation is very simple. The comparisons are
less favorable simply because of the growing importance
ofjthe World’s Fair business in the 1893 result. It is well
to note that in the August compilations we were com­
paring with unusually poor earnings last year, August
1893 having been one of the very worst months of that
year. In that month the decrease, according to our
regular monthly statement, reached the large figure of
$6,344,348, or 13*00 per cent. After August the
returns improved again for a time, as is evident from
the fact that in September the decrease was only
$4,971,502, or 9*77 per cent, and in October but $1,245,892, or 2*38 per cent. Hence this fact alone would
account for the adverse change now noted ; the compari­
son is with less unfavorable results in 1893. But the
improvement in the returns after August last year fur­
nishes in itself the strongest testimony to the part
played by the Fair in swelling earnings. For while
without doubt the trade situation temporarily grew a
little better, the paramount, if not controlling, factor
was the extra earnings derived from the Exposition.
As that influence was so important in swelling rev­
enues last year, so its absence the present year counts as
an equally important influence in reducing the totals
of earnings. We showed two weeks ago in reviewing
earnings for August how great had been the falling




SUPPLEMENT.

[Vol.

lix

off in passenger revenues this year even in that month^
the Chicago & Grand Trunk for instance having
earned only $94,127 from passengers in August, 1894
against $305,108 last year, the Grand Trunk of Can­
ada $745,627 against $908,936, the Big Four $366,550
against $462,892, the Wabash $284,586 against $455 .
804 and the Evansville & Terre Haute $27,797 again st
$41,890, &c. But in September and October the Fair
business last year became yet more important.
As it is very desirable, in order to obviate disappoint­
ment and avoid erroneous conclusions, to have an idea
of the magnitude and extent of the gains in passenger
revenues a year ago 'from the cause mentioned, we have
brought together the figures for a few leading roads
where it was possible to obtain the passenger earnings
separately. It js difficult to realize or appreciate how great
was the part played by the Exposition in affecting the
revenues of the roads unless one sees the actual figures.
Beginning with the Milwaukee & St. Paul and compar­
ing 1893 with 1892 (not 1894 with 1893), we find that
that road gained in passenger revenues $159,807 in July,
$134,184 in August, $219,891 in September and the
large amount of $400,097 in October. The Rock Island
gained $90,276 in July, $62,674 in August, $286,663 in
September and $289,775 in October. The Illinois
Central in the first two months gained respectively
$327,538 and $385,106, and in September and
October gained respectively $511,142 and $693,637.
Of course we all know that the position of
the Illinois Central was very exceptional, and
yet its gains were only a little more striking
than those of the
Lake Shore & Michigan
Southern. The Lake Shore does not furnish monthl y
totals except in the annual report, but may be taken
as representative of trunk line conditions ; in July and
August its gains in passenger revenues were only
$178,878 and $238,341, but in September and October
the amounts of gains were $434,951 and $498,930. On
some of the smaller roads, like the Louisville New
Albany & Chicago, the passenger revenues jumped up
in several of the months considerably over 100 per cent,
the New Albany reporting for September passenger
receipts of $188,454 against only $80,993, and for
October $178,397 against $71,619. Below we give the
figures for the roads mentioned (and also the Burling*
ton & Quincy) in tabular form.
PASSENGER EARNINGS.

r-<Jhic.Bwl.&Q,
1893,
1892.
Month—
$
$
July....... ............ 990,868 801,235
August...............1,009,216 883,754
September......... 1,150,646 1,028,103
October..............1,268,797 887,790

Chic. R. I. & Pac.s
1893.
1892.
$
$
585,671 495,395
724,988 662,314
900,540 613,877
834,198 544,423

CMc. Mil. & St.P.->
1893.
1892.
$
$
798,406 638,599
808,619 674,385
931,978 712,087
1,049,963 649,866

< Lake Shore.---, .—
—
Illinois Central.— r-Lou. N.'A. &Ch.-^
,
1893.
1892.
1893.
1892.
1893.
1892.
Month—
$
$
$
$
$
$1
July.................
703,772 524,894
709,749 382,211
138,114
77,305
August............... 764,155 525,814
797,030 411,924
153,464
76,696
September........ 956,157 521,206
954,687 443,545
188,454
80,993
October...........1,001,656 ‘ 502,726 1,158,193 464,556
178,397 71,619

The deductions from these results are perfectly
plain. If during September and October the roads
fail to record improvement on the aggregate of
their gross earnings last year (passenger and freight
combined) it will not be surprising. Indeed, our rail­
roads will be doing remarkably well if they maintain
the level of earnings prevailing in 1893, for that would
mean that they had made gains in freight earnings
equal to the very heavy increase in passenger earnings
last year resulting from the Fair and now lost—and
such gains would indicate that business revival was
progressing in a clear and unmistakable manner.

S eptember, 1894.]

INDEX.

INDEX TO RAILROAD MORTGAGES.

3
Page.

Southern Pae. of Cal. 1st consol. M. of 1893, due 1937
57 1041
"""4 7
Texas & Pacific 1st M. 5s, due June 1, 2000.........
82
2d M. 5s, due Deo. 1, 2 0 0 0 ..................... .................... J
47
Abstracts of leading railroad mortgages published from time
82
Toledo Peoria & Western 1st M. 4s, due July 1 ,19 i 7 ............ 45
242
to time in the Chronicle are indexed below:
Toledo St. L. & Kansas City 1st M. 6s, due Ju n e 1 ,1 9 1 6 .....' 45
403
528
VOL. P age . union Pacific collat. tru st notes, 6s, due Aug. 1,1894 . . 53
K
6s, due May 1, 919...!.!!" 58
Atchison Topeka & Santa Fe. Old m ortgages...................... 49
988
546 Unionansas Pacific consolidated M. 5s, due Deo.11,1939
Pacific Denver & Gulf
51
New consol. M. 4s, due 1989; new incomes, due 1989_
244
_ 49
857 Virginia Midland general M.eon. due May 1,1936
5s,
47
2d Mortgage, due July 1,1 9 8 9 ........ .................................... 55
23
101 Wabash 1st M. 5s, due May 1,1939
............ 49
St. Louis & San Fran, consol. 4s, due Oct. 1,1990 ............ 54
270
244 Wabash 2d M. 5s, due Feb. 1
, 1
9
3
9
............ 49
Atlantic & Pac. RR. 1st Guar. T rust M. 4s, due Jan . 1,1937. 49
272
302
Deb. M. 6s, due July 1.1939................................! ........... 49
1st M. W estern div. 6s, due Ju ly 1 ,1910 ............................ 49
273
302
Detroit &
Exten. 1st M. 5s, due Ju
2d M. W estern div. 6s, due Sept. 1,1907........................... 49
303 Western New Chicago Penn. 1st M. 5s, due Jan. ly 1,’ 1941.'."’ 54 1049
York &
1,1937.
47
Income M, W estern div. 6 s, due Oct. 1,1910.................... 1 49
109
304
2d M., 3 to
Oct. 1,1927
47
110
Atl. & Pac. RR. 1st M. Central div. 6s, due March 1,1922.
49
303 W st Shore 1st 4 per cent, duedue 2361............. !.’!!!!!!.’!!!!!* 42
M. 4s of 1889,
Balt. Belt 1st m ort. 5s, due 1990.......; ...................................... 52
176
205 Wisconsin Central Co. & RR. Im prov. 5s, due May i , 1931.’.’ 53
Baltimore & Ohio Consol. M. 5s, due Feb. 1 ,1988.......... .
759
46
804
Terminal 1st mortgage, 412S, due June 1 ,1934............... 59
71
Balt. & Ohio Southwestern 1st M. 4 ^ s , due Jan. 1,1990_ _ 51
_
245
1st, 2d and 3d income mortgage, due Jan. 1,1990 ...
51
246
Brooklyn Elevated—Un. El. 1st M. 6s of 1887, due 1937_
_ 49
OTHER MAPS IN THE
583 RAILROAD AND
Union Elevated 2d M. of 1887, due 1927............................ 49
584
Buffalo & Susquehanna 1st M. 5s, gold, of 1893, due 1913. 57
639
SUPPLEMENT.
Cambria & Clearfield 1st M 5s, 1891, due 1941....................... 52
976
Central RR. & Bk. Co. of Ga. Col. Trus 5s, due May 1,1937! 45
242
T h e ra ilro a d m a p s in th e S u p p l e m e n t a n d m a p s o f c e rta in
Consol. Mort. 5s, due April 1,1937...................................... 51
571
Central RR. Co. of N. J. Gen. M. 5s, due July 1,1987!!.!!!!! 45
402 c o a l c o m p a n ie s’ p ro p e rtie s m a y b e re fe rre d to e asily b y th e
Central Pacific M. 6s, due Oct. 1 ,1936..................................
45
241 in d e x below . T hese m a p s a re p re p a re d w ith m u c h c a re in th e
Chesapeake & Ohio 1st M. 6s, due Ju ly 1 ,1908.......... !!!!'!"" 45
54
1st M. Peninsula ext. 6s, due Jan. 1,1911.................!!!!! 45
55 C h r o n ic l e office, a n d a re in te n d e d to sh o w a s c le a rly as po ss­
1st M. extensions, 6s, due June 1 ,1922......................!!!!’ 45
55
1st consol. M. 5s, due May 1,1939....................... !!!!!!!!! 49
147 ib le th e p re cise lo c a tio n o f th e v a rio u s ra ilro a d s re p re se n te d
1st consol, on Rich. & All., due 1989....................... !!!!!!! 51
144 a n d t h e ir stra te g ic p o sitio n in c o m m a n d in g b u sin ess.
2d consol, on Rich. & All., due 1989.......................... !!!!!" 51
144
General mortgage, gold, 4*28, due March 1 ,1 9 9 2 ....’.’.
54
Map<
P age.
644
Chicago Burl. & Q., Nebraska ext. 4s, due May 1 ,1 9 2 7 ........ 45
441 Atlantic & Pacific. See Atchison Topeka & S anta F e ........... 8, 9 ,1 0 ,1 1
Chicago & E rie 1st and income mortgages, due 1 9 8 2 .......... 51
911 Atchison Topeka & Santa F e ............................ ....................... 8, 9 ,1 0 ,1 1
0. M. & St. P ., 1st M., Chic. & L. Sup’r div. 5S, due Ju ly 1,1921 45
146
1st M. Chic. & Milwaukee 7s, due Jan. 1,1 9 0 3 ...............
45
85 Baltimore & Ohio........................................................................................ 15
1st M. Chic. & Mo. River 5s, due Ju ly 1,1926.................! 45
213 Baltimore & Ohio Southwestern. See Baltimore & O hio.................... 15
1st M. Chic. & Pacific 6s, due Jan. 1 ,1 9 1 0 ................!!!! 45
144 B ridgeport Traetl on Co............................................................................. 140
1st M. Chic. & Pacific Western 5s, due Jan. 1,1921,! if iH 45
145
Consol. Mort. 7s, due Ju ly 1 ,1905...................................... 45
85 Buffalo Rochester & P ittsb u rg .................................................................. 17
1st M. Dakota & Great Southern 5s, due Jan. 1,1916!!!! 45
213 Buffalo & Susquehanna............. ............................................................... 19
1st M. Dubuque 6s, due Ju ly 1,1 9 2 0 ..................... . . . . ! ’!’ 45
144 Canada Southern. See New York C entral............................. .......... .
91
1st M. Fargo & Southern 6s, due Jan. 1 ,1924 __ !!!!!!!! 45
212
1st M.. H astings & Dakota exten. 7s, due Jan. 1910. ! ”" .45
144 Centralia & Chester........................................................ ............................ 25
1st M. Iowa & D akota 7s, due Ju ly 1 ,1908....................... 45
114 Central Pacific. See Southern Pacifie..................................................... 123
1st M. Lacrosse & Davenport 5s, due Ju ly 1,1919_
_
45
114 Central RR. of New Je rse y ....................................................................... 23
1st M. Mineral Point 5s, due Ju ly 1 ,1910 ............. ."!!!!!. 45
145
27
1st M, River division 7s, due Jan. 1,1902.............!!!!!!
45
85 Chesapeake & Ohio..................................
Is tM ' Southern Minn. 6s, due Jan. 1 ,1910.......!!!!!!!!!’ 45
29
114 Chicago Burlington & Quincy.............................
Terminal Mort. 5s, due Ju ly 1,1914....................... !!!!!!!! 45
212 Chicago & E astern Illinois...................................................................
31
1st M. Western Union 6s, due Ju ly 1,1909........ !!!!!!!!! 45
114
33
1st M. Wisconsin & Minn. 5s, due July 1 ,1 9 2 1 ..!!!! "!’ 45
145 Chicago G reat W esterh...............................
1st M. Wisconsin Valley 6s, due Ju ly 1 ,1920.......!..!!
45
145 Chicago Milwaukee & St. Paul...................................... ........................... 34
General M. 4s of 1889, due 1989..... ............................ !!!!! 48
830 Chicago & Northern Pacific....................................................................... 33
Chicago & Northern Pacific 1st m ort. 5s, due April i", i94o ! 52
465
Lease to Wisconsin Central, dated April 1,1890 ..........
52
468 Chicago & Northw estern......................................................................! ... 39
C. Rockl. &Pac. lstM .,C. Kan. &Neb. Ry. 6s, due Ju ly i , ¿934 47
262 Chicago Rock Island & Pacific................................................................... 41
1st M. Extension & Collat. 5s, due Ju ly 1,1934. . _
_
47
260 Chicago St. Paul & Kansas City. See Chicago & G reat W estern....... 33
1st M. St. Joseph & Iowa 6s, due Ju ly 1 ,1935 ........ ......... 47
261
1st M. Wis. Minn. & Pae. 6s, due Oct. 1,1934................... 47
261 Cincinnati Hamilton & D ayton........................ ............ ........................... 43
dnein. Jackson & Mack’w 1st Con. M. 5s, due Dec. 1,1930, 45
574 Cleveland Akron & Columbus.................................................................... 45
Clev, Cin. Chic. & St. L.—Collat. tru st St L.Div. 4s, due 1990 52
42 Cleveland Cincinnati Chicago & St. Louis................................................ 46
Colorado Midland 1st M. 6s, due June 1 ,1936....................... ! 45
540
Consol mort. 4s, due Feb. 1 ,1 9 4 0 ......... ....... ........... !!!!!!! 51
572 Cleveland Lorain & Wheeling...................................................... ............ 47
Denver & Rio Grande 1st Con. M. 4s, due Jan. 1, 1936.!!!!’ 47
228 Colorado Midland. Nee Atchison Topeka & Santa F e ....................... . 10
Im provem ent M. 5s, due June 1,1928.........................!!’. 47
229 Columbus Hocking Valley & Toledo..................................................... 49
Denver Tramway consol, mort. 6s, due Jan. 1,1910!!.’."!! " 52
354
Duluth South Shore & At. 1st M. 5s, due Jan. 1,1937.
45
274 Delaware & Hudson Canal Co.’s L ines................ ................................... 5 1
East Tenn. Va. & Ga., Cinn. Extension 5s, due 1 9 4 0 ...!.!’" 52 - 83 Delaware L ackaw anna & W estern........................
53
Fort Worth & Denver City 1st M. 6s, due Dec. 1,1923........... 45
440 Denver & Rio G rande............................................................................... 55
Georgia Car. & North’n 1st M. 5s, due Ju ly 1 ,1929.......!! ! " 49
239
65
Houston & Texas Central, all new m ortgages of 1890.!!!!!! 52
242 Dubuque & Sioux City. See Illinois C entral......................................
Iowa Central 1st M. 5s of 1888, due 1938.........................! ! " ’ 49
57
582 Elgin Joliet & E aste rn ..... . ...................... ........................................ .
Kan. City Memphis & Birm. 1st M. 5s, due March 1, 3927
45
575 Galveston H arrisburg & San Antonio. See Southern Pacific............ 123
Kentucky Central 1st M. 4s, due Ju ly 1 ,1987 ....................!!! 45
372
Kings County Elev. 1st M. 5s, due Jan. 1 ,1925........... ! . ........ 49
237 Grand Rapids & Indiana. See Pennsylvania R R .................................. 107
Lake Erie & W estern 1 st M. 5s, due Jan. 1 ,1937.......!!......... 46
62
45 G reat N orthern.................. ............................. ............................ .
2d M. 5s, due July 1,1 9 4 1 ..... .................... ..................!!!!" 54
444 Houston & Texas Central. See Southern Pacific............................... ..123
Lehigh Valley of New York 1st 4^8, due Ju ly 1,1940 ! !
51
114
05
Louisv. Evans. & St. L. 1st Con. M. 5s, due Ju ly 1,1939.
49
208 Illinois C entral.........................................................
Louisville & Nashville Unified mort. 4s, due Ju ly 1,1940
51
613 Kanaw ha & Michigan. See Toledo & Ohio Central...............................128
M anhattan Elevated consol. 4s, due April 1,1990.............
51
248 Kansas City & Independence Air Line........ ............... .......................
69
Mexican Central eonsol. M. 4s, due 1911 and 1939.......!!!!!! 49
177
M. St. P. & S. Ste. Marie 1 st Cons. M. 5s, due Ju ly 1, i938."" 47
142 Kansas City Pittsburg & Gulf.................................................................. 67
1st M. Minn. S. Ste. Marie & Atl. 5s, due Jan. 1,1926
45
243 Kansas City Suburban B elt....................................................................... 69
Minneapolis Street R’y consol, mort. of 1890, due Jan. 15,1919 52
356 Lake Erie & W estern.................................................................................... 7 1
Mo. Kan. & Texas Ry. 1st M. 4s, due June 1,1 9 9 0 ................. 51
495
2dM . 4s due June 1 1990.............................................!!!! 51
495 Lake Shore & Michigan Southern. See New York C entral................. 91
Missouri Pacific 1st Cons. M. 6s, due Nov. 1,1 9 2 0 ........ !.’!"" 47
73
287 Lehigh Valley..........................................
Mobile & Birmingham IstM . 5s, due Jan. 1,1937........... !!! 45
274 Louisville & Nashville..... ......................................................... ............... 75
Mobile & Ohio General M. 4s, due Sept. 1 ,1 9 3 8 ................ .
47
83
New York Chicago & St. Louis 1st M. 4s, due Oct. 1,1937"' 45
541 Louisville New Albany & Chicago.................. ......................... ............... 77
N. Y. Ontario & W estern Cons. 1st M. 5s, due June 1,1939 49
238 Mexican Central..... . ................................................................................... 80
N. Y. Susquehanna & West. 1st mort. 5s, due Aug. 1,1940
52
84 Michigan Central. See New York Central............................................. 91
Terminal 1st M. 5s, due May 1,1943................................. ! 57
512
Norfolk & W estern 1st M. Clinch Val. 5s, due Ju n e 1,1957* 45
541 Minneapolis Street Railway (See Twin City Rapid T ransit)............... 149
One-hundfed-year mortgage 5s, due Jan. 1,1990............ 50
208 Minneapolis St. Paul & S. Ste. M arie............................... ........................ 83
M aryland & Wash. Div. 1st M. 5s, due Jan. 1 ,1941........ 54
204 Missouri Kansas & Texas.......................................................................... 85
Northern Pacific general 1st m ortgage 6s, due 1921............. 58
903
87
General 2d mortgage 6s, due 1933............................
58
941 Mobile & Ohio.............................
3d M. 6s. due Dec. 1 ,1 9 3 7 .............................................!!!! 47
22 Nashville Chattanooga & St. Louis........................................................... 89
D uluth & Manitoba 1st M. Dak. Ex.6s, due June i , 3.937! 45
91
273 New York Central &"Hudson R iver...................................................
Consol, m ortgage of 1890, due 1989.................................... 50
279 New York Chicago & St. Louis. See New York Central...................... 91
Collateral T nist Notes of 1893............................... ¿...!!!! 56 1017 New York Ontario & W estern................................................................... 94
Omaha & St. Louis 1st M. 4s, due Jan. 1 ,1937............. !!!!!!! 45
213 New York Susquehanna & W estern.......................................................... 96
Oregon Pacific 1st M. 6s, due Oct. 1,1900............................!!! 49
240 Norfolk & W estern....................................................................................... 98
Oregon Ry. & Navigation Col. T rust 5s, due Sept. 1,1919! ” 51
101
243 Ohio R iver.......... ......................................................
Oreg. Short Line & U tah No. con. M. 5s, due April 1,1919.. 51
242 Ohio Southern..................................................................................... . . ! . . . 103
Collateral Trust 5s, due Sept. 1,1919................................... 51
243 Oregon Short Line & U tah Northern. See Union Pacific.................. !l3 0
Peoria & Eastern—O. Ind.& West. 1st M.5s, dueA pr.l, 1938! 47
105
201 Pecos Valley................
Consol. 1st mortgage 4s, due April 1,1940....................... 51
246 Pennsylvania................................... ......................................................... .! 107
Income mortgage bonds, due April 1,1990....................... 51
247 Philadelphia & Erie. See Pennsylvania Railroad............................ ..1 0 7
Philadelphia & Reading general M. 4s, due Jan. 1 ,1 9 5 8 ...!! 46
679 P ittsburg Cincinnati Chicago & St, Louis............................................... i l l
1st, 2d and 3d Prel. Inc. M. 5s, due Jan. 1,1958_
_
47 141-2 Pittsburg F o rt Wayne & Chicago. See Pennsylvania R ailroad.........107
Pittsburg & Western 1st M. 4s, due Ju ly 1 ,1917 .................... 45
113
439 P ittsburg Shenango & Lake E rie...................
Poughkeepsie Bridge Co. 1st M. 6s, due Aug. 1,1936............ 45
275 Rio Grande Southern. See Denver & Rio Grande............................!!! 55
Richmond & W. P. Ter. Co. Col. Trust 6s, due Feb. 1,1897.. 45
575 Rio Grande W estern................
.......1 1 6
Consol. 1st collateral M. 5s, due March 1 ,1914............... 49
115 St. Louis Alton & Terre H au te..... ................................................ . . . ! . . *118
Rio Grande Southern 1st mortgage 5s, due Ju ly 1,1940....... 54
n
163 St. Louis & San Francisco. See Atchison system...... .......................
Rio Grande West. 1st M. 4s, due Ju ly 1,1939.......................... 49
237 St. Paul City. See Twin City Rapid T ransit..........................................149
St. P. M. & M. 1st M. Mon. ext., 4s, due June 1 ,1937_ !!.. 45
_
98
342 Shenandoah Valley. See Norfolk & W estern..............................
Pacific Extension 1st mort. 4s, due Ju ly 1 ,1940............. 52
82 Southern Pacific Company..........................................................................123
St. Louis & San Fran, consol, mort. 4s, due Oct. 1,1990 ....... 54
244 Southern R ailw ay....................................................................................... 125
San Ant. & Aransas Pass 1st M. on ext., 6s, due Ju ly 1,1926. 45
372 Toledo & Ohio C entral................................................................................. 128
San Fran. & North Pacific 1st M. 5s, due Jan. 1,1919............ 49
241 Twin City Rapid T ransit............................................................................ 149
Savannah & Western 1st Cons. M. 5s, due March 1,1929
49
240 Union Paciflo................................................................................................1 3 0
Southern Pacific gen. M. 5s of 1888, due 1938......................... 49
509 Wisconsin Central Companies............................................................. ....1 3 6




INDEX

4

[V ol. LIX.

INDEX TO COMPANIES—CONSOLIDATED, &c.
The names of companies not given in the S u pplem en t tables in their alphabetical order will be found in the Index below.
Many railroads have lost their original-title by foreclosure or consolidation, while others have been practically merged bylease or by purchase of their stock ; the names of such companies are given below, together with the title of the present
organization under which their securities may be found.
NAME.

, W ILL BE FOUND UNDER—

Akron & Chicago Junction...............Baltimore & Ohio.
Alabam a C entral............................... Southern Bailway Co.
Alley E levated.. ............................... . Chicago & South Side Kapid Transit.
Am erican Dock & Improvem ent Co..Central ol New Jersey.
Annapolis & Balto. Short Line........ Balto. & Annapolis Short Line.
Ashtabula & P ittsb u rg .. ................ P ittsburg Youngstown & Ashtabula.
Aspen Short Line..... .........................Atchison System—Colorado Midl’d.
Atchison & Nebraska.........................Chicago Burlington & Quincy.
Atchison & Pike’s Peak........ .............Central Branch Union Pacific.
A tlantic Coast Line........................... Wilmington & Weldon.
A tlantic & Great W estern.................New York Pennsylvania & Ohio.
A tlantic & Gulf................................Savannah Florida & W estern
A tlantic Mississippi & Ohio.............. Norfolk & Western.
A tlantic & Northwest........................ Canadian Pacific.
A tlantic & Pacific............... ........ ...... See Atchison System.
Augusta & Knoxville......................... P o rt Koval & Western Carolina.
B altim ore B elt.......................... /-....Baltim ore & Ohio.
Baltimore & Cumberland.................. W estern Maryland.
Baltimore & H anover......... ............. W estern Maryland.
Baltimore & H arrisburg................... Western Maryland.
Baltimore & New Y ork.. .................. Baltimore & Ohio.
B attle Creek & Sturgis......................Lake Shore & Michigan Southern.
Bay City & Battle Creek....................Michigan Central.
BeUefontaine & Indiana....................Clev. Cin. Chic. & St. Louis.
Belleville & Carondelet......................St. Louis Alton & Terre Haute.
Belleville & Eldorado.........................St. Louis Alton & Terre Haute.
Belleville & Southern Illinois.......... St. Louis Alton & Terre Haute.
Bell’s Gap............................................ Pennsylvania & Northwestern.
Birmingham E quipm ent................. Kansas City Memp. & Birmingham.
Bluff Point Im provem ent.................Delaware & Hudson Canal.
Booneville Bridge______ ________ Missouri Kansas & Texas.
Boston Barre & G ardner..................Fitchburg.
Boston d in . Fitch. & New Bed.......Old Colony.
Boston Concord & M ontreal..............Concord & Montreal.
Boston H artford & E rie.................... New York & New England.
Boston Hoosac Tunnel & W estern..Fitchburg.
Boston & N. Y. Air Line.................. N. Y. New H aven & H artford.
_
Boston Winthrop < Shore.._ ___.Boston Bevere Beach & Lynn.
fc
Brooklyn & M ontauk........................Long Island.
Brunswick & Chillicothe..................Wabash.
Brunswick & W estern.......... ..Savannah Florida & Western.
Buckingham B ailroad_ . . . . . . . . . ..Chesapeake & Ohio.
_
Buffalo & E rie......................................Lake Shore & Michigan Southern.
Buffalo New York & Philadelphia..W estern New York & Pennsylvania.
Burlington & Missouri Biver............Chicago Burlington & Quincy.
Busk Tunnel.................... ..Atchison Sys.—Colorado Midland.
Cairo A rkansas & T e x a s..................MissouriPacific—St. L. I. M. & So.
Cairo Short L in e ................... .......S t . Louis Alton & Terre Haute.
Cairo Vincennes & Chicago............. Cleveland Cin. Chicago & St. Louis.
California & Oregon..........................Central Pacific.
Camden & Amboy ..............................United New Jersey.
Canada C entral..................................Canadian Pacific.
Cape Girardeau Southwestern........St. L. Cape Girardeau & F o rt Smith.
Carbondale & Shawneetown............St. Louis Alton & Terre Haute.
Cedar Kapids Iowa Falls & N. W .. .Burlington Cedar Kapids & North’n.
Cedar Bapids & Missouri B iver.......Chicago & Northwestern.
C entral Io w a .................................... .Iow a Central.
C entral W ashington.......... ................Northern Pacific.
Charlotte Columbus & A ugusta__ Southern Bailway.
Charlottesville & K ap id an .............. Virginia Midland.
Chattanooga Borne &• Columbus_ Savannah & Western.
_
C heshire..............................................Fitchburg.
Chicago & A tlan tic ........................... Chicago & Erie.
Chicago & Calumet Term inal.......... Chicago & Northern Pacific.
Chicago Clinton Dubuque & Minn..Chicago Milwaukee & St. Paul.
Chicago & G reat E a s te rn .................P ittsburg Cin. Chicago & St. Louis.
Chicago & G reat W estern.................Chicago & Northern Pacific.
Chicago & Indiana Coal....................Chicago & Eastern Illinois.
Chicago & Iow a................................. Chicago B urlington & Quincy.
Chicago Kansas & N ebraska............ Chicago Bock Island & Pacific.
Chicago Milwaukee & N. W...............Chicago & Northwestern.
Chicago & Milwaukee....-.................Chicago & Northwestern.
Chicago & North M ichigan.............. Chicago & West Michigan.
Chicago & Ohio B iver....................... Peoria Decatur & Evansville.
Chicago & Paciflo..... ......................... Chicago Milwaukee & St. Paul.
Chicago Santa Fe & California........ Atchison Top. & Santa Fe System.
Chicago & St. Louis............................Atchison Topeka & Santa Fe.
Chicago St. Louis & New O rleans.. .Illinois Central.
Chicago St. Louis & Paducah.......... St. Louis Alton & Terre Haute.
Chicago St. Louis & P ittsburg .........P ittsb’rg Cincinnati Chicago & St. L.
_
Chicago St. Paul & Kansas City_ Chicago G reat Western.
Chicago St. Paul & Minn.................. Chicago St. Paul Minn. & Omaha.
Chicago & Southwestern.................. Chicago Bock Island & Pacific.
Chicago & Springfield.........................Illinois Central.
Chicago & Toman............. ................. Chicago & Northwestern.
Chicago Wisconsin & M innesota... .Wisconsin Central Co.
Choctow Coal & Bail w a y .................Choctaw Oklahoma & Gulf.
Cincinnati & Baltim ore..................... Baltimore & Ohio Southwestern.
Cincinnati Ind. St. Loins & Chicago. Cleveland Cin. Chic. & St. Louis.
Cincinnati Lafayette & Chicago....Cleveland Cin. Chic. & St. Louis.
Cincinnati Kichmond & Chicago... .P ittsb’rg Cincinnati Chicago & St. L.
Cincinnati Sandusky & Cleveland..Cleveland Cin. Chic. & St. Louis.
Cincinnati Southern.......................... Cincinnati New Orleans & Tex. Pae.
Cincinnati & Springfield.................. Cleveland Cinn. Chic. & St. Louis.
Cincinnati Wabash & M ichigan.....C leveland Cin. Chic. & St. Louis.
Cincinnati Wash. & B altim ore......B altim ore & Ohio Southwestern.
Clearfield & Jefferson........................ Pennsylvania & Northwestern.
Clearfield Bituminous Coal............... Beech Creek.
Cleveland & Canton...........................Cleveland Canton & Southern.
_
Cleveland Columbus Cin. & I n d _ Cleveland Cin. Chic. & St. Louis.
Cleveland & Southwestern............. Cleveland Lorain & Wheeling.
Cleve. Tuscarawas V. & Wheeling..Cleveland Lorain & Wheeling.
Coeur d’Alene.................................... N orthern Pacific.
Colorado Central................................Union Pacific Denver & Gulf.
Colorado M idland..............................See Atchison “ System.”
Columbia & G reenville.....................Southern Kailway.
Colo)ado B rid g e ...............................International & G reat Northern.
Columbus Connecting ¿ T e rm in a l.. Norfolk & Western.
Columbus & Hooking Valley............Columbus Hocking Valley & Toledo.
Columbus & Indianapolis C entral...Pittsb. Cincinnati Chic. & St. Louis.
Columbus & Borne............................ Savannah & Western.
Columbus Shawnee & Hocking.......Columbus Sandusky & Hooking.
Columbus & Toledo............................ Col. Hocking Valley & Toledo.
Columbus & W estern........................ Savannah A Western.
Concord...............................................Concord & Montreal.
Consolidated Term inal Kailway.......Kansas City Suburban Belt.
Consolidated Vermont......................Central of Vermont.
Corning Cowanesque & A ntrim .......Fall Brook.
^Coshocton & Southern....................... Cleveland Canton & Southern,




NAME.

W ILL BE FOUND UNDER—

Covington & L exington. ................Kentucky Cent.—Louisville & Nash.
Current Biver............. ....“. ......... ...... Kansas City F o rt Scott & Memphis.
D akota Central........ .........................Chicago & Northwestern.
Dakota & G reat Southern..... .......... Chicago Milwaukee & St. Paul.
Dallas & Waco.......... .................. ...... Missouri Kansas & Texas.
Danbury & Norwalk..... ..................New York New Haven & Hartford.
Danville & Grape Creek....................Chicago & E ast Illinois.
Dayton F o rt Wayne & Chicago.......Cincinnati Dayton & Ironton
De Bardeleben.’.......... ........................Tenn. Coal & Iron (Miscel.i
Delano L and.......................................Lehigh Valley.
Denver Pacific............. ...... .............. .Union Pacific.
Denver & Bio Grande W estern .......Bio Grande Western.
Denver Texas & F o rt W orth.......... .Union Paciflo Denver & Gulf.
Denver Texas & Gulf......................’ .Union Pacific Denver & Gulf.
.
Des Moines & Minnesota.................. Chicago & Northwestern.
D etroit & Bay C ity ..... ......................Michigan Central.
D etroit Mackinac & M arquette.......See Miscellaneous Companies.
Detroit Monroe & Toledo.................. Lake Shore & Michigan Southern.
Duck Biver......................................... Nashville Chattanooga & St. Louis'
D uluth & Manitoba............................N orthern Pacific.
D uluth Short Line............................. St. Paul & Duluth.
Dutchess County..... ......................... Phila. Beading & New England.
E a s t Line & Bed B iver.......... .......... Missouri Kansas & Texas.
E ast Biver G as.................................. New York & E ast Biver Gas.
E astT enn. Va. & G a.........................Southern Bail way.
E astern of M assachusetts............. .-.Boston & Maine.
E astern of Minnesota........................ G reat Northern.
E aston & A m boy. . . . _ : ..................Lehigh Valley.
_
Elizabethtown Lexing. & BigSandy.Chesapeake & Ohio.
ft
E r ie ........ .......... ..............- ................New York Lake Erie < Western.
Erie & K alam azoo........ .................... Lake Shore & Michigan Southern..
E scanaba & Lake Superior............... Chicago & Northwestern.
European & North A m erican......... Maine Central.
Evansville & Crawfordsville........... Evansville & Terre Haute.
Evansville Henderson & Nashville. .Louisville & Nashville.
Evansville Koekford & E aste rn .......Louisville Evansville & St. Louis.
F arg o & Southern.............................Chicago Milwaukee & St. Paul.
Florida Southern............................... Jacksonville Tampa & Key West.
F ort Smith & Van Buren Bridge_ Atchison Sys.—St. Lo. & San Fran
_
F rankfort & Southeastern................ Toledo Ann Arbor & No. Michigan»
Franklin & P ittsylvania..................Virginia Midland.
Frem ont Elkhorn & Missouri V al... Chicago & Northwestern.
FultonElevated...................................Kings County Elevated.
Georgia Pacific...... ...........................Southern Bailway.
Grand Bapids Lansing & D etroit__ D etroit Lansing & Northern.
Grand Bapids Newaygo & L. Shore.Chicago & West Michigan.
Grand Biver Valley.............. ............ Michigan Central.
Grand Tower & Cape G irardeau... .Chicago & Texas.
Grand Tower & C arbondale..........Chicago & Texas.
H arlem B iver & P o rtch ester..........New York New H aven & Hartford
H astings & D akota..................... ...... Chicago Milwaukee & St. Paul.
Helena & Bed M ountain................... Northern Pacific.
H ereford......................... .................... Maine Central.
Holly Wayne & Monroe....................F lint & Pere M arquette,
H ousatonic........ . ...............................New York New Haven & Hartford,
Humeston & Shenandoah.................Chicago Burlington & Quincy.
H untinburg Tell City & Cannellton.Louisv. Evansv. & St. Louis Consol.
H untington & Big Sandy..................Ohio Biver.
Illinois & St. L ouis............................. Louisville Evansv. & St. L. Consol
Indiana, Bloomington * Western__ Peoria & Eastern.
Indiana & Lake Michigan..... ........... Terre H aute & Indianapolis.
Indianapolis Cin & Lafayette........... Cleveland Cin. Chic. & St. Louis.
Indianapolis D ecatur & Springfield..Indiana D ecatur & W estern.
Indianapolis & St. Louis...................Cleveland Cin. Chic. & St. Louis.
Ionia & L an sin g ................................ D etroit Lansing & Northern.
Iowa City & W estern.........................Burlington Cedar Kapids & North’ll»
Iowa & Dakota..................................Chicago Milwaukee & St. Paul.
Iow a Falls & Sioux City.................... Dubuque & Sioux City.
Iowa Midland......................................Chicago & Northwestern.
Iowa & Minnesota..............................Chicago Milwaukee & St. Paul
Jackson Lansing & Saginaw............Michigan Central.
Jacksonville Southeastern............... Jacksonville Louisv. & St. Louis.
Jam es Biver V alley.......................... Northern Pacific.
Jam estow n & Franklin......................Lake Shore & Michigan Southern.
Jefferson Madison & Indianapolis..Pittsburg Cincinnati Chic. & St. L.
Joliet & Chicago........ ........................ Chicago A Alton.
Ju n c tio n * B re a k w a te r................. Delaware Maryland & Virginia.
K alam azoo Allegan & Gr. Kapids. .Lake Shore & Michigan Southern.
Kalamazoo & South H aven.............Michigan Central.
Kalamazoo & White Pigeon..............Lake Shore & Michigan Southern.
Kanaw ha & O hio...............................K anaw ha & Michigan.
Kansas & Arkansas Valley............. Missouri Pac. (St. L. L Mt. & So.)
Kansas City & Beatrice....................Kansas City W yandotte & N. W.
Kansas City Bridge & Term inal.......K ansas City & Atlantic.
Kansas City F o rt Scott & Gulf........K ansas City F o rt Scott & Memphis.
Kansas City & Memphis By. Bridge.Kansas City Fort Scott & Memphis.
Kansas City & Omaha...................... St. Joseph & Grand Island.
K ansas City & Pacific...................... Missouri K ansas & Texas.
Kansas City St. Louis & Chicago— Chicago & Alton.
Kansas City Southeastern & Memp.Kansas City Fort Scott & Memphis.
Kansas City & S outhw estern..........Atchison Sys.—St. L. & San Fran.
Kansas City Springfield & Memphis.Kansas City F o rt Scott & Memphis.
Kansas City Topeka & W estern.......Atchison Topeka & Santa Fe.
Kansas City W yandotte & N’th ’w’n.Kansas City & Northwestern.
Kansas E quipm ent........... ............... K ansas City F o rt Scott & Memphis»
Kansas M idland.................................. Atchison Sys.—St. L. & San Fran.
Kansas & Missouri............................. Kansas City F o rt Scott & Memphis.
Kansas Pacific...................................Union Pacific.
Keithsburg Bridge............................ Iowa Central.
Kentucky C entral............................... Louisville & Nashville.
Knox & Lincoln................................ Maine Central.
Knoxville Southern...... ....................M arietta & North Georgia.
L ackaw anna & Southwestern..........Central N. Y. & Western.
Lackaw anna & Susquehanna..........Delaware & Hudson.
Lawrence.............................................Pittsburg Youngstown & Ashtabula.
Leeds & Farm ington......................... Maine Central.
Lehigh & Susquehanna.......... .......... Lehigh Coal & Navigation.
Leroy & Caney Valley......................Missouri Pacific.
Lincoln & N orthw estern....................Chicago Burlington & Qumcy..
Lincoln P ark & Charlotte.................Buffalo Bochester & P ittsburg
Little Bock Junction........................ MissouriPacific.
Little Bock & F ort Sm ith................. Missouri Pacific.
Long Branch & Sea Shore.................Central New Jersey.
Long Dock Company......................... New York Lake Erie & Western»
Long Island City & Flushing...........Long Island.
Louisiana & Missouri B iver............ Chicago & Alton.
Louisville Cincinnati & Lexington..Louisville & Nashville.

S eptember, 1894,]

INDEX.

NAME.
WILL BE FOUND UNDER—
Uouisville New Orleans & Texas__ Illinois Central (Yazoo & M. V.).
Louisville & St. Louis.........................Chicago Peoria & St. Louis.
Lowell & L aw rence.. . ..................... .Boston & Lowell.

5

name
w ill b e found under —
Ravenswood Spencer & Glenville..Ohio River.
^alley ..............................Chicago Burlington & Quincy
Rich Hill
................. ............... Kansas City F o rt Scott & Memphis*
Richmond & Alleghany......................Chesapeake & Ohio.
M acon & A ugusta..............................Georgia BE. & Banking Co.
Richmond < Danville........................ Southern Railway.
fc
Mahoning Coal.................................... Lake Shore & Michigan So. System. Richmond York R iver & Ches..........Southern Railway.
Malone & St. Law rence.....................Central Vermont.
Rochester & P ittsburg....................... Buffalo Rochester & Pittsburg.
ManitobaSouthwest’nColonization.Canadian Pacific.
Roanoke & Southern..........................Norfolk & Western.
M arietta Columbus & N orthern.......Toledo & Ohio Central Extension.
Rome Carrollton...........................-.Savannah & Western.
M arietta Mineral............................... Toledo * Ohio Central Extension.
Maple E iver........................................ Chicago & Northwestern.
ai 1
W estern.......... . . . . .......... Detroit Lansing & N orthern
St. Charles Bridge..............................Wabash.
M arquetteH ougton & Ontonagon...Duluth South Shore & Atlantic.
M aryland C entral............................. Baltimore & Lehigh.
St. Joseph & W este rn ....................... st. Joseph & Grand Island.
St. Lawrence & Adirondack.............Central Vermont.
M assawippi.........................................Connecticut & Passumpsio.
Maysville & Lexington..................... Kentucky Central.—
Louis. & Nash. St. Lawrence * O ttaw a.....................Canadian Pacific.
McKeesport & Belle Vernon............Pittsb.M cKeesport &Youghlogheny. St. Louis Alton & Springfield.......... St. Louis Chicago & St. PauL
Memphis Clarksville & Louisville.. .Louisville & Nashville.
St. Louis A rkansas & Texas............. St. Louis Southwestern.
Memphis E quipm ent........................ Kansas City Memphis & Birming’m , St. Louis Bridge & Tunnel................ Term inal Association of St. Louis.
Memphis K ansas & Colorado............Kansas City F ort Seott & Memphis. St. Louis & Chicago............................ North & South RR, of Illinois.
Memphis & Ohio................................. Louisville & Nashville.
St. Louis Council Bluffs & Omaha...W abash.
Merchants’ Bridge....................... ....S t. Louis Merch’ts’Bridge Ter. KR. St. Louis Iron Mount’n & Southern..Missouri Pacific System.
Menominee River......................... . Chicago & Northwestern.
i St. Louis Jacksonville & Chicago_ Chicago & Alton.
_
M etropolitan E levated.....................M anhattan Elevated.
1 St. Louis Kansas City & Northern.. .Wabash.
Metropolitan F erry ........................... Long Island.
St. Louis Kansas & Southw estern... Atoh. System, St. Louis & San F ran.
Michigan Air Line............................. Michigan Central.
St. Louis Keofcuk & S. W ...,............Chicago Burlington & Quincy.
Michigan Equipm ent........................ Chicago & West Michigan.
St. Louis Salem & A rkansas............. Atch. System, St. Louis & San F ran .
Midland of Indiana............................ Chicago and Southeastern.
St. Louis & San Francisco................. See Atchison “ System.”
Midland of New Jersey......................New York Susquehanna & Western. St. Louis Southern.............................. st. Louis Alton & Terre H aute.
Milwaukee Lake Shore & W estern..Chicago & Northwestern.
St. LouisW ichita & Western............Atch. System, St. Louis & San Fran.
Milwaukee & Madison....................... Chicago & Northwestern.
St. Paul E astern G rand T runk........ Chicago * Northwestern.
Milwaukee & N o rth ern .................... Chicago Milwaukee & St. Paul.
St. Paul Minneapolis & M anitoba.. .G reat Northern.
Minneapolis & D uluth....................... Minneapolis & St. Louis.
St. Paul & Pacific............................... G reat Northern.
Minneapolis & Pacific........................ Minneap. St. P. & SaU Ste. Marie. St. Paul & Sioux City......................... Chic. St. Paul Minn. & Omaha.
LLt
Minneap. Sault Ste. Marie & Atl’tic. Minneap. St. P. & Sault Ste. Marie. St. Paul Stillwater & T. F ................. Chic. St. Paul Minn. & Omaha.
Minneapolis Union.......... .................. G reat Northern.
Salem & Lowell........ ..........................Boston * Albany.
Minnesota Central..............................Chicago Milwaukee & St. Paul.
Sanford & Lake E ustis.......................Jacksonville Tampa & Key West.
San Joaquin Valley...........................Central Pacific.
Minnesota & N orthwestern..............Chicago G reat Western.
Minnesota St. Croix & Wisconsin.. .Wisconsin Central Company.
Sandusky & Columbus Short Line..Columbus Sandusky & Hocking.
Minnesota Valley.............................. Chicago & Northwestern.
Sault St. Marie & Southwestern.......Chic. St. Paul Minneap. & Omaha*
Missisquoi Valley.........................Central Vermont
Savannah & A tlantic..... ........... .
Central of Georgia.
Mississippi River Bridge.................. Chicago & Alton.
Savannah Albany & Gulf.................. Savannah Florida & Western.
Missouri Kansas & E astern .............. Missouri K ansas & T exaü
Savannah & Charleston.--------------- Charleston & Savannah.
Missouri Valley & Blair RR. Bridge. Chicago & Northwestern.
Schuylkill River E ast Side................ Baltimore & Ohio.
Scioto Valley & New England.......... Norfolk & Western.
Missouri & W estern............................Atchison System—St. L. & S. Fran.
Seaboard Air Line............................. Seaboard & Roanoke.
Monongahela River............................Baltimore & Ohio.
Montana C entral
. . . .................... Great N orthern.
Seattle & Northern.............................Oregon Improvement.
Montreal Portland & Boston...........Central Vermont.
Shenandoah Valley............................Norfolk & Western.
Morris Canal.......................................Lehigh Valley RR.
Sherman Denison & D allas............. Missouri Kansas & Texas.
Muskegon Grand Rapids & Indiana. Grand Rapids & Indiana.
Sherman Shreveport & Southern...M issouri K ansas & Texas.
Shore L ine........................................... N. Y. New Haven * H artford.
N ashua & Lowell..... ......................... Boston & Lowell.
Short Creek & J o p lin ......................K ansas City F ort Scott & Memphis.
Nashua & Rochester..........................W orcester Nashua & Rochester.
Sioux City & Pacific— ...................Chicago & Northwestern.
National Cordage..... .........................United States Cordage.
Sioux City & St. P au l.......................S ee Miscellaneous Companies.
Smithtown & P ort Jefferson............Long Island.
Nebraska.............................................. Chicago Burlington & Quincy.
Nebraska & W estern........................... Sioux City O’Neill & Western.
Sodus Bay & S outhern.......................Elm ira & Lake Ontario.
New Albany Belt & T erm inal..........K entucky & Indiana Bridge.
Sonora.................................................. Atchison Topeka & Santa Fe.
New Brunsw ick.................................. Canadian Pacific.
South Carolina....................................South Carolina & Georgia,
Newburg & New Y ork..............| ....... New York Lake Erie & Western.
South F lorida.....................................Savannah Florida & Western.
New H aven & Derby.........................New York New H aven & H artford, South Georgia & Florida..................S avannah Florida & W estern.
New Jersey Midland...........................New York Susquehanna & Western, South Side (Va.).................................. Norfolk & Western.
New Jersey Southern.........................Central of New Jersey.
Southeastern & St. Louis.................. Louisville & Nashville.
New Mexico & Southern Pacific.......Atchison Topeka & Santa Fe.
Southern California............................ Atchison Topeka & Santa Fe.
New Orleans & Gulf............................New Orleans & Southern.
Southern Georgia & Florida............. Savannah Florida & Western.
New Orleans & Mobile....................... Louisville & Nashville.
Southern Minnesota........................... Chicago Milwaukee & St. Paul.
New Orleans Pacific.......................... Texas & Pacific.
Southern Pacific B ranch................... Southern Pacific of California.
Newport & Richford............... .......... Connecticut & Passumpsio.
Southern Pennsylvania.....................Cumberland Valley.
Newtown & F lushing ............... ......... Long Island.
Spokane & Palouse.............................N orthern Pacific.
New York Bay Extension............... Long Island.
Steubenville & Indiana..................... Pittsburg Cinn. Chic. & St. Louis,
New York E levated............................M anhattan Elevated.
Stockton & Copperopolis....................Southern Pacific of California.
New York & E rie.................................New York Lake Erie & Western.
Sturgis Goshen * St. Louis............... Lake Shore & Michigan Southern,
New York & Long B ranch.................Central of New Jersey.
Sugar T ru st..................'...................... Am erican Sugar Refining.
New York & M anhattan Beach........ N. Y. Brooklyn & M anhat. Beach. Sunbury & E rie.................................... Philadelphia & Erie.
New York & N orthern..................... New York & Putnam .
Syracuse N orthern.............................Rome W atertown & Ogdensburg,
New York Providence & B oston.......New York New H aven & H artford. Syracuse Ontario & New York..........West Shore.
New York & Oswego M idland.......... New York Ontario & Western.
T aylor’s Falls & Lake Superior.......St. Paul & Duluth.
New York & R o c k a w a y .................Long Island.
Tarkio Valley......................................Kan. City St. Jos. & Council Bluffs.
N. Y. Woodhaven & R ockaw ay.......New York & Rockaway Beach.
Tebo & Neosho.................................... Missouri Kansas & Texas.
Nodaway Valley............. ...................Kan. City St. Jos. & Council Bluffs.
Tennessee M idland......................... Paducah Tennessee & Alabama.
Norfolk & P etersburg......................... Norfolk & Western.
Terre Haute & S outheastern........... Evansville & Indianapolis.
Norfolk Southern.................................Norfolk & Southern.
Texas M exican................................Mexican National.
N orthern Illinois.................................Chicago & Northwestern.
Texas & St Louis............................. 8t. Louis Southwestern.
N orth Missouri.....................................Wabash.
Thurber-W hyland.............................Am erican Grocery Co. (miscel.).
N orth Shore...........................................Canadian Pacific.
Toledo Ann Arbor & Cadillac..........Toledo Ann Arbor & No. Michigan,
N orth Wisconsin.................................. Chic. St. Paul Minn. & Omaha.
Toledo A nn Arbor & Grand Trunk.Toledo A nn Arbor & No. Michigan.
Northern Pacific & Manitoba T e r.. .N orthern Pacific.
Toledo Ann Arbor & L. Michigan. .Toledo Ann Arbor & No. Michigan,
Northern Pacific & M ontana........... N orthern Pacific.
Toledo Ann Arbor & Mt. Pleasant.Toledo Ann Arbor & No. M ichigan,
N orthw estern Grand T runk.............Chicago & Grand Trunk.
Toledo B elt........................................Wheeling & Lake Erie.
Northwestern Union...........................Chicago & Northwestern.
Toledo Cincinnati & St. Louis........ Toledo St. Louis & K ansas City.
Northwest Virginia........ ....................Baltimore & Ohio.
Toledo Columbus & Cincinnati.......Toledo & Ohio Central.
Ocean Steamship................................ Cent. RR. & Banking Co. of Georgia Toronto Grey & Bruce..................... Canadian Pacific.
Troy & B oston...................................Fitchburg.
Ogdensburg T ransit.......................... Ogdensburg & Lake Champlain.
Ohio Central........................................Toledo & Ohio Central.
Tunnel Railroad of St. Louis.......... Terminal Ass’n of St. Louis.
Ohio Indiana & W estern.................... Peoria & Eastern.
U nion............... ...................................N orthern Central.
Ohio Land & Ry. Co..................... ...Colum bus Hocking Val. & Toledo.
Union Railway of Chattanooga.......Chattanooga Union.
Ohio & Mississippi.................. .......... Baltimore & Ohio Southwestern.
Union E levated...................................Brooklyn Elevated.
Ohio & West Virginia.........................Col. Hooking Valley & Toledo.
Union & L o g an sp o rt...................... Pittsburg Cincin. Chicago & St. L,
Old Colony Steam boat Co...............Old Colony RR.
Union Ter. Ry. of Kansas City, K an.K ansas City Suburban Belt.
Omaha & Southwestern.....................Chicago Burlington & Quincy.
Upper Coos..................... . ...................Maine Central.
Ontario & Quebec...............................Canadian Pacific.
U tah & N orthern...............................
U tah North’X
Oregon Short Line............................. Oregon Short L ine& U tahN ortbern. U tah Southern.................................... Oregon Short Line & U tah North’s ,L
Oregon Short Line*
Oswego & Rome.................................Rome W atertown & Ogdensburg.
Utica & Black River.......................... Rome W atertown & Ogdensburg.
Ottaw a Oswego * Fox River........... Chicago B urlington* Quincy.
Ottumwa Cedar Falls & St. P au l_ Chicago & Northwestern,
_
Venice & Carondelet.........................Louisville Evansville & St. Louis.
Oxford & Clarksville............. ........... Southern Railway Co.
Verdigris Val. Independ’ce & W est..M issouri Pacific.
Vicksburg & Meridian....................... Alabama & Vicksburg.
Pacific Coast...................................... Oregon Improvem ent Co.
Virginia & Tennessee........................ Norfolk & Western.
Pacific of Missouri............................. Missouri Pacific.
Pacific Short Line..............................Sioux City O’Neill & Western.
W aco*N orthw estern............... .....H o u sto n & Texas Central.
Paducah & Elizabethtown......... ......Chesapeake Ohio & Southwestern.
W a re ................................................... Boston & Albany.
Peninsular (Mich)...............................Chicago & Northwestern.
W arren & F ranklin............................ W estern New York & Pennsylvania,
Pennsylvania & N, Y. Canal.............Lehigh Valley.
Warwick Valley.................................. Lehigh & Hudson River.
Penobscot Shore Line....................... Maine Central.
W ashington City & Point Lookout.Baltim ore & Ohio.
Pensacola & A tlantic....................... Louisville & Nashville.
W aynesburg & C anton......................Cleveland Canton & Southern.
Philadelphia M arlton & Medford.. .Camden & Atlantic.
W estern Minnesota........................... St. Paul & Northern Pacific.
Pittsburg Cincinnati & St. Louis_ Pitts. Cinn. Chic. & St. Louis.
_
W estern North Carolina................... Southern Railway.
P ittsburg & Connellsville..................Baltimore & Ohio.
*
W estern Pacific..................................Central Pacific.
Pittsfield & North Adams.................Boston & Albany.
West Wisconsin............. .................... Chic. St. Paul Minneap.* Omaha.
P la n t System ......................................Savannan Florida & W estern.
Wichita & W estern............................. Atchison Topeka & Santa Fe.
Pleasant Hill & De Soto.......... ......... Kansas City Clinton & Springfield. W ilkesbarre & E aste rn ..................... N. Y. Susquehanna & W estern.
Plym outh & M iddleboro..................Old Colony RR.
Willmar & Sioux F alls......................G reat Northern.
P ort H uron & N orthw estern..........F lin t & Pere M arquette.
Winona & St. P e ter............................Chicago & Northwestern.
P ortland & Kennebec........................Maine Central.
Wisconsin & M innesota....................Wisconsin Central Company.
Portland & Ogdensburg...................Maine Central.
Wisconsin Minnesota & Pacific........ Minneapolis & St. Louis.
Portsm outh G reat Falls & Conway .Boston & Maine.
Wisconsin Valley................................Chicago Milwaukee & St PauL
Prairie du Chien................................. Chicago Milwaukee & St. Paul.
Y ork & Peach Bottom ....................... Baltimore & Lehigh.
Quincy Alton & St. L o u is...............Chicago Burlington & Quincy.
Zanesville Term inal......................... Columbus Sandusky & Hooking.




STOCK AND

BOND TABLES
N O TES.

These tables are expressly Intended to be used in connection w ith the inform ation concerning investm ent m atters published from week
to w eek in the Ch r o n ic l e . A t the conclusion of the statem ent for each company, therefore, is furnished a complete index of a ll items per.
taining to th a t company published in the Chron icle w ithin the last eighteen months. Annual reports are in black-faced figures.
Any company not in its regular alphabetical order m ay be found by m eans of the index to roads leased and consolidated.
The “ dividends ” appearing in the te x t are those wfiich have actually been p a id during the calendar years named, irrespective of when
they m ay have been earned; hence they often differ from the dividends reported w ith the earnings for th e same years respectively.
By “ net earnings” as used in this Supplement is m eant the earnings rem aining after deducting operating expenses, b u t not interest on
debt, rentals or other fixed charges. Some companies report n et earnings before and some after deducting taxes.
The following will give explanations of each of the columns of the tables below :
Description.—Abbreviations used a r e : M. for “ m ortgage; ” gen. M. for “ general m ortgage; ” con. M. or consol. M. for “ consolidated mort­
g a g e ;” inc. M. for “ income m o rtg ag e;” g. for “ g o ld ;” guar, for “ g u a ran tee d ;” guar. p. &
i.
for
“ guaranteed principal and
te re s t;” cum. for “ cu m ulative;” non-cum. for “ non-eum ulative; ” conv. for “ convertible;” pref. for “ p re fe rre d ;” s. f. for “ sinking
fu n d ; ” 1. gr. for “ land g ra n t; ” r. for “ re gistered; ” c. for “ coupon; ” c.* for “ coupon b u t m ay be registered as to principal; ” c. *
r. for “ coupon and re g iste red ;” br. for “ b ra n c h ;” end. for “ endorsed-;” “ red.” for redeemable, meaning subject to call before
m aturity (so “ red. a t 100 ” m eans subject to call a t p a r); “ d’r n ” or “ d ra w n ” for subject to call for the sinking fund from time to
tim e when draw n by lo t; “ p. m.” for “ per mile,” thus $15,000 p. m. means $15,000 per mile.
Date o f Bonds.—The date of issue on the face of the bonds is referred to in this column.
Miles o f Road.—Opposite stocks, this means the miles of road ow ned; opposite bonds, the miles covered by th e mortgage.
Size or Par Value.—Shows (in dollars unless otherwise m arked), the denominations or p a r value, “ 100, &c.,” signifying $100 and larger.
Rate Per Cent.—The interest per annum, is given for bonds, and the dividends p e r annum, for stocks; g. means gold; x, e x tr a ; s. stock or scrip;
per an. means per annum , so 6 per an. (M. & N.) means 6 per cent yearly, p ay ab le^ per cent in May and 3 per cent in November.
When Payable.—J. & J. stands for January and J u ly ; P. & A., February and A ugust; M. & S., March and Septem ber; A. & O., April and October;
M. &N., May and Nov.; J. & D., Ju n e and Deo.; Q.—J., quarterly from Jan.; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds,principal when due, etc.—This column shows the d ate when the bonds m ature and when the last dividend was paid on stocks.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
Bonds—
Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
P a r Outstanding R ate per When Where Payable, and by Stocks—'Last
For explanation of column headings, &c., see notes of
Road. Bonds Value.
Cent. Payable
Whom.
above.
Dividend.
Addison < Pennsylvania—1st m ort. for $350,000..
6
Second m ortgage, $350,000....................................
Adirondack.—1st M., $2,000,000, g., gu. p. &i. end.
Alabama Great Southern—Common “B” shares_
_
Preferred “A” shares ,6 p ercen t (cum. for 6 years)
1 st mortgage, gold................................................... c
Gen. M. stefl. £1,160,000, red. a t 110 Ju n e 1, ’98 .c
Debentures, gold........................................................
Income certificates sinking fund.............................
Alabama Midland—Common stock............................

57
290
290
290
290

1st Mort., guar. p.&i. end. Sav. Fla. & W., gold..c
1st M., Sprague to Luvem e, $15,000 p. m, gold.. o*
A la.N . 0. Tex. Pac. June.—Deferred “B” shares...

175
33

“A” deben., income till Nov. 1895—See te x t.......o
“B” debentures, income, red. after 1910 a t 115.c
“ C” deb., income, subject to call any tim e a t 100.
In terest cert, (secured by £34,193 “ C ” deb.)__
Alabama < Vicksburg—Stock......................................
&
Vicks. & Mer. 1st M. gold., subj. to call till 1897.
Ala. & Vicks, consol. IstM ., ($1,800,000) gold__
2d mortgage, inc.till Apr., 1894, non-cum., gold.

....

143
143
143
143

1892
1892
1892

$ 1,000
£10
£10

5
4
4*2 g.
See text.
6 per an.
6 g.
5 g6 g.
4

J. & D. New York, 49 B’way.
J. & D.
do
do
M. & S. N.Y.Of.,21 CortlandtSt.
London.
M. & N.
do
J. & J. N. Y. .Farm.L. &Tr. & Bos
J. & D. London, Glyn Mills.
F. & A.
do
do
do
do
—

£1,566,000
£676,070
1878
$1,750,000
£100
£476,000
1888
1886
£100
£134,000
£53,257
1888 Various.
$100 $2,625,000
$100
1,600,000
2,800,000
1888 $ 1,000
5 g. M. & N. N.Y.,Met’politan Tr.Co.
1,000
500,000
1890
6 g. J. & D.
£10 £2,500,000
£10 £1,500,000
£100
£748,850
1890
See remarks.
5 g- M. & N.
£100 £1,048,390
1890
See remarks.
5 g. M. & N.
£810,652
See remarks.
£100
1890
5 g. A. & O.
£28,494
100
Cincinnati, Office.
$700,000 See text. Yearly.
1 ,000,000
1,000
1881
6 g. A. & O. N. Y., Central Trust Co.
587,000 '
do
do
1889 100 &c.
5 g- A. & O.
700,000
See text.
1889 100 &c.
5 g. A. & O.
....

$ 1,000

Addison Sc Pennsylvania.—
-Owns road from Addison, New
York, to Gaines, Pa., 41 miles; leases Gaines to Galeton, Pa., 5m . A reorganization in 1892. Stock authorized—Common, $600,000; pre­
ferred, $350,000; outstanding Ju n e 30, 1893—Common, $568,000;
preferred, $193,357. Loans and bills payable, $262,898. E arnings.—
Ja n . 1 to Mar. 31,1894 (3 months), gross, $18,911, against $21,981 in
1893; net, $6,252, against $7,515. From Dec. 1, 1892, to June 30,
1893 (7 months), gross, $53,032; net, $18,377; other income, $3,301;
deduct interest and taxes, $12,624; balance, surplus, $9,054. Road
w as formerly narrow-gauge. Standard gauging completed in Novem­
ber, 1893. New York oifice, 49 Broadway.
Adirondack
—Owns from Saratoga to North Creek, N.Y., 57 miles.
Stock authorized, $4,000,000; outstanding, $2,600,000; par, $100. The
bonds carry the endorsed guaranty of the Delaware & Hudson as to
principal and interest; the $ 1 ,000,000 bonds unissued m ay be sold for
extensions a t $20,000 per mile of completed road—trustee, U. S. T rust
Co. In year ending June 30,1894, gross earnings, $165,235; n e t over
taxes, etc., $32,985; other income, $6,807; deficit under interest
charges, $5,208. fn 1892-3 gross, 175,309; net, $46,200. (Y. 55, p.
588; V- 59, p. 374.)
Alabama Great Southern.— Wauhatchie, Tenn., to Merid­
O wns
ian, Miss., 290 miles; leases W auhatchie to Chattanooga, 5 miles. Track­
age,Ga. Pac. RR., Woodlawn-Bessemer branch, 19 miles.
Organization .—An English company of the same title owns all the
stock and was Itself controlled by the E ast Tennessee Virginia & Georgia
RR. Co. The E ast Tennessee pledged th e stock owned by it as security
for its Cincinnati Extension bonds; these defaulted Aug. 1,1893. Ap­
plication for the sale of Alabama Gt. So. stock so pledged is under
consideration by the court. V. 59, p. 371. (*ee V. 57, p. 852; V. 58,
p. 386.) In March, 1894, parties in Cin. H. & D. interest p ur­
chased Baron Erlanger’s Cin. Exten. bonds, thus obtaining control of
the voting power of the Alabam a G reat S. stock. V. 58, p. 549, 594.
In September, 1894, alm ost the entire m inority interest in these bonds
was purchased by the Southern Ry. Co. SeeV. 59,472. The English
and American companies own jointly $1,000,000 Cincinnati N. O. &
Texas Pac. stock. See also Chattanooga Union.
Stock .—Of the capital stock of the English Company the E ast Ten­
nessee
Virginia & Ga. in April, 1890, purchased £340,000 “A” shares
and £783,010 “ B ” shares. V. 50, p. 560. Of the preferred shares
authorized $619,650 were unissued June 30,1893. As to application
of n et profits see Supplement of March, 1894.
D ividends .—On “A” assenting shares: In 1889, 6 per cent; in 1890,
9 ; in 1891, 6 p. c.; in 1892, 6 ; m 1893, none. On Class “ B ” 1*2 p. o.
was paid in 1891; in 1892, December, l ^ p. c.
B onds.—Of the general m ortgage unissued £484,000 is in tru st to
retire the 1st mortgage bonds and debentures a t m aturity. Car tru st
June 30,1893, including interest, $333,567; bills payable, $51,828.
A nnual R eport .—Year to June 30, 1893, gross were $1,818,229 »
net, $321,651; other income, $527; interest on bonds, $259,742;
Income tax, etc., $20,215; balance for stock, $42,221. In 1891-92
gross, $1,881,940 ; net, $444,732; balance for stock, $206,653.—(Y.
55, p. 7 2 1 ; V. 56, p. 883; V. 57, p. 852, 549; V. 59, p. 70,115, 371.)
Alabama Midland.—
Owns from Bainbridge, Ga., to Montgomery,
Ala., 175 m iles; branch, Sprague Junction to Luvem e, 33 m iles; total




$69,000
289,000

1 ,000,000

Dec. 1, 1932
Dec. 1, 1932
Mar. 1, 1942
Dec., 1892
Deo., 1892
Jan. 1, 1908
Deo. 1, 1927
Aug. 15,1906
By sink’gfund
Nov. 1, 1928
Deo. 1, 1929
N ov.l,1910-40
N ov.l, 1910-40
Nov. 1, 1940
Nov. 17,1892
Apr. 1, 1921
Apr. 1, 1921
Apr. 1, 1921

owned, 208 miles. Operates Abbeville Southern, Abbeville Junction
to Abbeville, 27 m iles; completed Nov., 1893. In terest on the 1st mort.
due 1928 has been reduced from 6 to 5 p. c. and bonds stam ped princi­
pal and Interest guaranteed in gold by the Sav. Florida & West, which
controls the stock. There are $85,000 bonds unassented. No ar­
rangem ent w as made w ith the branch line bonds, mostly held by the
P lan t Investm ent Co.
E arnings.—From Jan . 1 to Ju n e 30,1894 (6 months), gross $270,464,
against $238,086 in 1893; net, $6,357, against der. of $7,467 in
1893. For year ending Ju n e 30. 1893, gross earnings, $490,768;
operating expenses, $542,861 ; deficit $52,093, against $78,897 in
1891-92; interest, etc., $247,653; to ta l deficit for year, $299,746. Plant
Investm ent :o. owns $2,425,000 common and $1,200,000 pref. stock.
Alabama New Orleans Texas & Pacific Junction (Lim­
ited.)—
This is an English company controlling the Alabama & Vicks­
burg, 142 m iles; Vicksburg Shreveport & Pacific, 189 m iles; New
Orleans & North E astern, 195 m iles; Spanish F ort Railway, 13 miles.
B onds.—Until Nov. 1,1895, th e “ A ” debentures receive interest only
if earned, b u t unpaid interest is cumulative. They, as also the “ B ”
debentures, are subject to call after Nov. 1,1910, a t 115. Coupons
p a id : On A debentures to and including May 1,1894, all in full. On
B debentures: In 1891 21 per c e n t; in 1892, 2*2 p. e.; in 1893, none.
a
Securities o w ned .—Ala. & Vicksburg $30,000 1st m ort., $141,100
consols, $387,700 2d mort. incomes and $387,700 stock; Vicksb. Shreve­
port & Pacific, $3,692,000 1st mortgage, $1,364,000 3d mortgage,
$494,860 4 p, c. incomes and $1,594,000 stock; New Orleans & North
E astern, $4,900,000 1st m ortgage and $4,320,000 stock; New Or­
leans Spanish Fort & Lake RR., $300,000 first mortgage and $200,000
common stock; Cincinnati Southern, $532,000 sto ck ; overdue coupons,
N. O. & N. E. and V. S. & Pac. to Dec. 31,1893, £765,230.
E arnings.—See separate statem ent for each of the controlled com­
panies. For 12 months ending Deo. 31,1893, n et receipts from invest­
m ents were £39,726; paid general expenses (£3,656), income tax
(£1,594), interest on “ A ” debentures (£36,417), &c., balance £555
(including £2,496 surplus of previous year), against £28,050 in 1892.
Alabama& Vicksburg.—
Owns Vicksburg to Meridian, Miss., and
branch, 143 miles, all steel rails. Controlled by the Alabama New
Orleans Texas & Pacific Junction Co.—which see. Reorganization of
the Vicksburg & Meridian foreclosed Feb. 4,1889 (see V .48,p. 190).
D ivid e n ds .—From Nov., 1890, to Nov., 1892, incl., 3 p. o. yearly;
none since, v
B onds.—The new seconds were income till April 1,1894, and are a
first lien on the lands—111,349 acres. Trustees, Central Trust Co.
April, 1894, coupons on seconds paid Aug. 1,1894, a t Central T rust Co.,
N. Y. Of the $1,800,000 consols authorized, $1,000.000 are with
trustee to retire V. & M. firsts. Vicks. & Meridian bonds assenting to
reorg. plan of 1889 are stam ped subject to call till 1897; a few did not
assent. Oct., 1894, coupons on assenting V. & M. bonds paid when due
a t Central Trust Co.
E arnings.—From Ju ly 1 to May 31,1894 (11 months), gross $533,615,
agst. $547,188 in 1893; net, $129,000, agst. $99,253. In year 1892-93
gross earnings were $588,299; net, including land sales, $121,910;
interest on bonds, etc., $121,910. In year 1891-92 gross $692.741; net,
$141,811. (V. 55, p. 543; V. 56, p. 5 0 0 ; V. 57, p. 4 6 7 , 762.)

RAILROAD

S
eptem
ber 1894.]
,

STOCKS

AND

7

BONDS,

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.'
Bonds—
Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due.
Par
For explanation of column headings, &c., see notes of
of
R ate per When Where Payable and by Stocks—L ast
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Whom.
Dividend.
Albany < Susq.—Stock, divi’ds guar, by D.& H. (end).
&
Albany City loan (sinking fund, 1 per ct. yearly).c Ï42
Con. M. (guar. p.&i. by D. & H. end. on bonds).c*&r 142
Albany & Vermont—Stock............................................
12
Allegheny < K insua—1st M., for $500,000, gold, .e*
£
Allegheny Valley—Common stock for $12,600,000.. 259
Preferred stock for $18,000?000, 3 per cent cum. 259
1st m ort m ain line (River Division).................... 0* 132
1st M., low grade, E ast’n E x t., guar. Penn. R R ..e 110
Mort. to State Pa., $100,000 due Jan. 1, yearly..r 242
Gen. M. ($20,000,660) g., guar. p. &i. (end.) .c*&r 259
Allentown Terminal—ls tm ., guar. p.&i. (end.)gold.
3
Annapolis < Baltimore Short Line—See B altim or e & A nn
6
Annapolis Washington < Baltimore.—Stock............ 20 ia
&
Arcadia, Qulf, Coast,Lakel’d—Stock ($1,500,000).. _
1 st mort., $ 10,000 p. m., s. f. 10 p. c ...................... . . . .
Consol, land g rant mort. for $3,500,000, gold__
Ark. Midland.—IstM . ($6,000 p. m .)g.,red.atll0.c*
74
Asheville dt Spartanburg — 1 st mortgage, gold........ c
66
2d mortgage for $506,000, gold ..................................... c
66
Astoria & Portland.—1st m ortgage .....................................
Atchison Col. < Pacific—1st M. ($16,000 p. m.) g u . . 0* 254
&
Atchison Jewell Co. < West.— 1st M., guar. C. B. U. P.c
6
34
Atchison Topeka < Santa Fe— Stock .....................................
6
Receivers’ certificates ..............................................................
Chicago & St. Louis 1st mort. ($10,000 per mile). 141
Old bonds not assenting to reorg. (see te x t) ...........
General M.,gold (as to am ount out see te x t).. c*&r 6,634

$100
1,000
1,000
100
1,000

$3,500,000
1 ,000,000
10 ,000,000
600,000
1890
485,000
50 10,544,200
50 15,663,900
18è’
6
1,000
4,000,000
1870 $ & £
9,998,000
1870 100,000
1.500.000
1892
1,000
1.380.000
1889
1,000
450,000

1865
1876

&
&
&
&
&

J. N. Y. ,Del. &Hud. Can. Co.
N.
do
do
O.
do
do
N.
Troy, N. Y.
A.
Iq default.

Ju ly 2, 1894
1895-1897
April 1, 1906
May 5, 1894
In installm ’ts.

7-30 J. & J. N.Y.,Phila. & Pittsburg. Mch. 1, 1896

6 g. or 7 A. & O. Phil.,Pa. RR. Co. &Lon. April 1, 1910

5
J. & J. Philadelphia,Pa. RR.Co 100,000 J a n .l
do
do
4 g- M. & S.
Mch. 1, 1942
4 g. J. & J. New York and Phila. Ju ly 1, 1919

AJPOLIS Sh o r t L in e .
__
100
358,000 See text. J. & J.
Baltimore.
Jan . 2, 1894
....
100
j In July, 1894, road )
m
500
500.000
6
J. & J. ( w as ordered sold. 5
1912

1893
1891
1885
1887
1892
1879
1879

1894
1885

(?)

1,560,330
1889 500 &c. 130,324,000

Stock.—Stock authorized $30,000,000, of w hich $18,000,000is cumu­
lative 3 per cent preferred stock. P ennsylvania RR. Co. owns $9,653,800 common and $10,411,350 preferred stock.

B onds.—See May, 1894, Supplement .
E arnings.—7 m onths 51894, gross, $1,150,453; net, $410,444.

Jan. 1 to July 31. (1893, gross, 1,526,190; net, $522,961.
Annual R eport .—R eport for 1893 in V. 59, p. 27, showed gross, $2,436,816; net, $877,027; capital tax, $26,188; interest charges $1,127,887; balance, deficit, $277,048. In 1892 gross, $2,636,697; net, $1,033,694; deficit under charges $89,845. (V. 57, p. 103; V. 59, p. 37.)
Allentown Terminal.—
Owns 3 miles of railroad in Allentown,
Pa., connecting the E ast Pennsylvania (Philadelphia & Reading) w ith
the Central of New Jersey. Leased for 999 years to Philadelphia &
Reading and Central of New Jersey (by assignm ent from Lehigh Coal &
Navigation) a t interest on bonds and 5 per cent on $450,000 stock (par
$50), bonds being guaranteed, principal and interest, by Philadelphia &
Reading and Lehigh Coal & Navigation.—(V. 50, p. 422.)
Annapolis & Halt. S h o r t Line.
—See B alt . & A. S. L.
Annapolis Washington& Baltimore.—
Owns road from An­
napolis to Annapolis Junction, 201 miles. Organized in 1886. No
e
bonds. Dividends: In 1887, 5 ; in 1888, 4 1e ; in 1889,4; in 1890,
414; in 1891, 5%; in 1892, 6 %; in 1893, 5*2 p. o.; in 1894, Jan., 3 p. c
Arkansas Midland.—
Owns from Helena, Ark., to Clarendon, 50
miles; Pine City to Brinkley, Ark., 24 miles: total, 74 miles. Stock, $1,500,000; par, $100. Mortgage is for $516,000, to cover 86 miles, but
$216,000 can only be issued after entire 86 miles has been laid w ith 56
pound steel rails. Central T rust Co., trustee. In February, 1894,
$167,000 bonds were held in the treasury; bills payable, $45,000.
) 1894, gross, $44,353; net, $20,260.

5 g. J. & J.
J. & J.
A. & O.
J. & J.
M. & N.
Q .-F .
Q .-F .

1,000
133.000
6 g.
1,000
500,000
6 g.
1,000
215,000
1,000
480,000
If
1,000
4,070,000
6
1,000
542,000
6
100 102 ,000,000 See text.
1 ,000,000
1,000
1,500,000
6

Albany & Susquehanna.— Map Delaware <&Rudson.)—~R .T>
(See
oA
Owns Albany, N. Y., to Binghamton, N. Y., 142 miles. Leases,
Duanesburg Junction, N. Y., to Schenectady, 14 miles; Cobleskili,
N. Y., to Cherry Valley 21 miles; Lackawanna & Susquehanna HR.. 22
miles; E ast Glenville to Coons, 10 miles; to tal operated, 209 m
iles.
Leased for 150 years from February, 1870, to Delaware & Hudson
Canal Co., which Dec 31,1893, owned $450,000 stock. Lessee guaran­
tees 7 per cent per annum on stock till the Albany City loan for $1,000,000 is paid by sinking fund, thereafter 9 per cent. (See wording of
guaranty in V. 56, p. 774.) The Albany sinking fund receives $10,000
per annum and interest on investm ents, the la tte r in June, ’94, amount­
ing to $571,393. Additions and betterm ents charged to lessors, and cost
made p art of investm ent. B onds—The consolidated mortgage is for
$10,000,000, of which $3,000,000 are 7 p er cents, currency; the princi­
pal of the 6s is also payable in “ lawful money,” but the interest in gold.
E arnings.—In year ending June 30,1894, gross $3,988,795, against
$4,298,894, in 1892-93; net, $1,782,796, against $2,018,722; surplus
over charges, $61.1,144, against $835,948. (V. 55, p. 298, 806; V. 56, p.
290,774,793; V. 57,p. 300, 809; V.58, p. 306,817; V. 59, p. 291.)
Albany & Vermont.—
Owns road from Albany, N. Y., to W ater­
ford Junction, N. Y., 12 miles, Leased to Rensselaer & Saratoga in
1860 and now operated by D. & H. Canal Co. A nnual rental, $20,000.
Allegheny Valley Railway.— from Pittsburg to Oil City,
Owns
Pa., 132 m iles; branches—Red Bank, Pa., to Driftwood, 110 m iles;
others, 18 m iles; to tal operated, 260 miles.
Organization, &c.—Reorganization March 1,1892, of the Allegheny
Valley Railroad, sold in foreclosure Dec. 15,1891. Plan of reorganiza­
tion, etc., was in V. 53, p. 324,368, 520; V. 54, p. 409,524. Road con­
trolled, as m ajority stockholder, by the Pennsylvania RR. Co.

E arnings .—7 m onths,

See text. J.
M.
6
6 g & 7 A.
3 per an. M.
5 g- F.

Jan. 1 to Ju ly 31,
J 1893, gross, 42,783; net, 14,812.
In year 1893 gross, $87,362; net, $35,063.
Asheville & Spartanburg.—
Owns from Spartanburg Junction,
S. 0., to Asheville Junction, N. C., 66 miles. Controlled by Richmond
Terminal, (now Southern Ry. Co.) which owns $1,047,981 of the $1,050,000 stock and $215,000 2d mort. bonds. Default occurred Oct., 1892.
In September, 1894, Jam es Swann was appointed receiver and the
road ordered to be sold. The R. &W. P. Ter. plan of Feb. 20,1894, ex­
cludes this company’s securities from the proposed reorganization. See
V. 58, p. 386. In 1892-93 gross $143,215, against $153,357 in 1891-92;
deficit from oper. $904. Floating debt in 1893, $397,000. (V. 56, p. 881.)
Atchison Colorado & Pacific.—
Owns W aterville, Kan., to
Lenora, Kan., 193 m iles; G-reenleaf, Kan., to Washington, Kan., 7
miles; Downs, Kan., to Alton, Kan., 24 m iles; Yuma, Kan., to Warwick,
Kan., 31 m iles; total, 255 miles. An extension of the Central Branch
Union Pacific, which Leased it in 1879 for 25 years, and guaranteed the
bonds, principal and interest. Controlled by Union Pacific, but oper­
ated by Mo. Pacific. Stock , $1,522,400 (par $100), of which U. P. owns
$920,300. R ental , $254,370 yearly. Interest due Nov. 1,1893, was
not paid. In year 1893 gross earnings including operations of Atchi­
son Jewell Co. & W estern were $486,880 against $710,382 in 1892;
deficit under operating expenses and taxes, $33,635, against surplus of
$180,181; interest on bonds, $276,720; other charges, $10,640; to ta l
deficit for 1893 $320,995 against $107,156 deficit for 1892.

1923
N. Y. ,H.Tallmadge& Co. Ju ly 1, 1911
April,’92, coup, last pd. April 1, 1925
Ju ly 1, 1937
In default.
1932
Aug., ’93, coup, last pd. May 1, 1905
A ug.,’93, coup, last pd. May 1, 1905
Nov. 15,1888

M. & S. N.Y., Farm ’s L. &Tr. Co. Mch. 1, 1915
Various.
4 g. J . & J. July, ’93, coup, last pd. Ju ly 1, 1989

Burr Oak, Kan., 34 miles. Under same auspices and control as Atchison
Colorado & Pacific. Stock, $202,400 (par $100), of which Union Pacific
owns $105,000. R ental, S34.000 per annum. In terest due Nov. 1,1893,
was not paid. Earnings included in Atch. Col. & Pacific.
Atchison Topeka & Santa F e . - (See Maps.)—R oad .—The sys­
tem, well shown on the adjoining m ans, operated on June 30,1893,
9,344 miles of road, including the St. Louis & San Francisco and Colo­
rado Midland, and extending from Chicago, 111., to Denver, Col., E l
Paso, Tex., Guaymas, Mex., San Francisco, Cal., etc. For description
of mileage see Supplement of May, 1894.
Organization , H istory , &c.—The m ain line, 471 miles, was opened
December 23, 1872. The whole system outside of this m ain line is
nominally under different corporations, whose stocks and bonds (ex­
cepting those of the St. Louis & San Francisco and the Colorado Mid­
land) are nearly all deposited in tru st under the Atchison’s blanket
mortgage. The system is therefore in effect one line.
In 1889 the company was reorganized by plan of October 15 [see
V. 49, p. 504], and m 1892 the incomes were m ostly converted into
second m ortgage bonds, paym ent of interest on which is obligatory.
In May, 1890, control of the St. Louis & San Francisco Railway Com­
pany was acquired, and in October, 1890, of Col. Mid. (V. 51, p. 608.)
In March, 1892, the Atchison contracted to sell its real estate in Chi­
cago for $8,102,264 to the Chicago Elevated Terminal Co., which is an
entirely separate company organized to furnish term inal facilities to
any road entering Chicago. (V. 53, p. 921; V. 54, p. 158, 287, 525.)
R eceivership .—Dec. 23,1893, J. W. R einhart and J. [J. McCook of
Boston, and Joseph C. Wilson of Topeka, Kan., appointed receivers.
Aug. 10,1894, Mr. R einhart resigned as receiver, president and direc­
to r of the Atchison and subsidiary companies, and late r Major Aldace
F. Walker was appointed receiver of the Atchison to fill the vacancy.
—V. 59, p. 290.
For board of directors as constituted m Sept., 1894, see V. 59, p. 472.
R eorganization .—In April, 1894, a general reorganisation committee
to represent all interests was formed, oomposed of R. Somers Hayes,
Chairman, 32 Nassau St.,N . Y., L, A. Von Hoffmann, Edw ard N. Gibbs,
Frederic P. Olcott, Louis Fitzgerald. George G. Haven, A drian Iselin,
Jr., all of New York; William Rotch, B. Rodman Weld, of Boston; H er­
m an Kobbe is Secretary. (V. 58, p. 635.)
The prelim inary rep o rt of expert accountant Stephen L ittle m ade to
the Reorganization Committee on Aug. 9,1894, stated th a t the income
of the property for the four years ending Ju n e 30,1894, had been
over-stated to the am ount of $7,491,500, of which $7,285,621 was in
the Atchison proper and $205,879 in the St. L. & San Fran. See Mr.
Little’s prelim inary report in V. 59, p. 232; also editorial p. 209.
Protective Reorganisation Committee is composed of Theodore W.
Myers, Benjamin F. Tracy, H enry Clews and E. N. Tailer, all of New
York, and M. V. B. Edgerly, of Springfield, Mass., and Charles H. Allen
and M. F. Dickinson, Jr., of Boston. The committee is opposed to the
$12 assessment on Atchison stock (V. 59, p. 70), and invite deposits of
“ A ” and “ B ” and general m ortgage bonds and stock. Depositaries—
Farm ers’ L; & T. Co. and A tlantic T rust Co. of New York and Amer­
ican L. & T. Co. of Boston.
R eorganization P lan.—In the advertising columns of the Chron ­
icle of Ju n e 23 w ill be found in full the plan presented by the General
Reorganization Committee under date of June 19,1894. The discov­
eries of Mr. Little, however, which are referred to above, m ay necessi­
tate some im portant changes in the plan and the Committee are now
awaiting Mr. L ittle’s full report before reporting a new plan. The
present plan provides as follow s:
1. Foreclosure under either the general mortgage of 1889 or second
mortgage of 1892, and form ation of a new company.
2. New company to issu e :
A. New capital stock for $102,000,000, same am ount as a t present.
B. New second mortgage for $35,000,000 of 4 per cent 50-year gold
bonds, of which not more th an $5,000,000 may be sold a t once
for floating debt, etc., and thereafter not more th an $3,000,000 in any one year for improvements, equipm ent, etc.
O. New 50-year non-cumulative 5 per cent income bonds for $115, 000,000, to cover same property as present 2d mortgage.
3. Assessment of $12 per share on present capital stock, new in­
comes to be given therefor.
4. New income bondholders to be given same voting power as stock­
holders (one vote for each $100 of income bond) till interest a t 5 per
cent per annum has been paid on incomes for three successive years.
5. Amount to be raised by assessment on stock and sale of $5,000,000
new seconds, to be applied to paym ent of floating debt, including in­
terest pa st due on general m ortgage bonds, thus leaving the new com­
pany free and clear of floating debt; balance to new company.
6. New income bonds to be issued as follow s:
To second mortgage A bonds r> 105..................................... $84,000,000
a
To second mortgage B bonds @ 112............... ......................
5,600,000
For assessment on scock, $12 per share............................... 12,240,000
To acquire securities of auxiliary companies as hereafter
determ ined— ............... ...................................................... 13,160,000

$115,000,000
) 1894, gross, $218,217; net, $9,846.
A tlantic & Pacific, Colorado Midland and St. Louis & San Francisco
Jan. 1 to Ju ly 31.
5 1893, gross, 311,661; net, 9,354.
companies may be reorganized, if deemed advisable, according to plans
Atchison Jewell County& Western.—
Jamestown, Kan., to to be hereafter submitted. ,
E arnings .—7 m onths,




INVESTORS’
SUPPLEMENT.
[VoL.
lix ,




September 1894.J
,

RAILROAD
STOCKS
AND
BONDS,




INVESTORS’
SUPPLEMENT,




S eptember , 1894.j

RAILROAD
STOCKS AND
BONDS^

WESTERN DIVISION
OF THE

ATLANTIC & PACIFIC
RAILROAD
*

AND CONNECTIONS.
R educed Sca le




INVESTORS’

is

SUPPLEMENT,

[Voi,. IIX.

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles D ate Size, or
Amount
P a r Outstanding R ate per When Where Payable, and by Stocks—
of
Forexplanation of column headings, etc., see notes of
Last
Cent. Payable
whom.
Road. Bonds Value.
on first page of tables.
Dividend.

Atchison Topeka dt Santa Fe —( Concluded.)—
471
G uarantee fund notes, extended, red.at 100,gold
Mew 2d mortgage gold, class A, (see te x t). . . .c&r 6,634
do
do
class B, see rem arks............. c&r 6,634
Equip. Tr., Ser. A, g., $250,000 dm . y’rly a t par..o,
Atchison System.—Atlantic dt Pacific.—
1st guar, tru st M., $20,000,000, gold.................. 0] 692
West. Division 2d M. guar. ,k. (s. f. draw n a t 105) .C 560
Inc. bonds, non-cum., W.D. ($18,750p.m.)..o*&r
CentralDiv., 1st land grant m ort., cum ulative., c’
Income bonds, non-cum. ($18,750 per m ile)..o’ ....
Atchison System—Cerrillos Good MR.—
1st M., gold, guar., s. f., subject to call a t par.-c" — ■
»
Atchison System—Chic. Santa Fe dt Cal.—see te x tAtchison System—Colorado Midland —
240
1st mortgage, ($25,000 per mile) gold................c’
267
Consol. M. for $6,000,000, gd., guar p.&i. (end.) c
Equipm ent bonds, s. f., draw n a t 105, gold.......c*
Equip, bonds, B., dr’n a t 105 after 1894, g o ld ...c
7
Aspen Short Line, 1st M., gold, interest as rental
Bush Tunnel R’y 1st M.f gold, guar., red. a t 105.C’
Atohison System—St. Louts & San Francisco—
294
2d m ort. (now 1st), A, gold) (Pacific to Seneca,c
294
do
Series B, gold.........> Mo.,& branches, o'
294
do
Series C, gold........ j
294 miles.
c'
82
Mo.&West.RR.lst M., g.,$5,000yearly dr.at 105.o

6 g.
1888 $5,000 $7,000,000
1892 500 &c. 80,000,000 3 to 4 g.
4 g.
1892 500 &o. 5,000,000
1892 500 &o. 2,000,000
5 g.
1,000 18,794,000
1887
1,000 See remarks
1887
50 &C. 12,000,000
1880
796,629
1871 500 &o.
1,823,000
1,000
1882

1,000
1,000
1,000
1,000

6,250,000
4,886,000
303,000
216,000
110,000
1,250,000

6 g.
4: g7 g.
6 g.
8 g.
7 g.

J.
F.
M.
J.
J.
J.

&
&
&
&
&
&

D.
A.
S.
J.
J.
J.

See te x t as to receiver.
Aug.,’93,coup.last paid.
Mch., ’94, coup, last pd.
N.Y. Baring,Mag’n&Co.
J a n .,’94, coup, la s tp ’d.
J a n .,’94, coup, last p’d.

June
Feb.
Mch.
Jan.

500,000
2,766,500
2,400,000
1,056,000

6
6
6
6

M.
M.
M.
F.

&
&
&
&

N.
N.
N.
A.

N ov.,’93, coup, la s tp ’d.
Nov., ’93, coup, last p ’d.
Nov., ’93, coup, last p’d.
Feb., ’94, pd. April, ’94.

Nov.
Nov.
Nov.
Aug.

1,000

1876 100&C.
1876 500 &c.
1876 500 &c.
1,000
1879

1893.
7,481
$41,316,547
$5,543,541
4,559,120
17,162,650
1,340,488

T otal operating expenses.
Net earnings..........................
P e r c. of oper. ex. to e a rn s..

$24,043,169 $25,210,933 $28,605,799
$9,620,547 $11,227,255 $12,710,746
69-24
71-42
69-l9

INCOME ACCOUNT OF CONSOL. SYSTEM.




$11,227,255
818,280

$12,710,746
828,358

$12,045,535

$13,539,104

1,
1,
1,
1,
1,

1937
1907
l9 io
1901
1922

4 g. J . & J. N.Y.Baring,Mago’n&Co Jan. 1, 1904

1886
1890
1888
1890
1889
1890

1891.
7,114
$33,663,716
$5,074,672
3,399,204
14,482,151
1,087,142

Total net income............. $10,390,702

Jan.
Sept.
Oct.
Nov.
June

916,000

OPERATIONS AND FISCAL RESULTS.

$9,620,547
770,156

4 g. J . & J. Ju ly '93 coup, last paid.
In default.
6 g. M. & S.
A. & O.
6
A t Mat.
6
J . & D.
6

Nov. 1, 1898
July 1, 1989
July 1, 1989
Jan .l ’95-1902

1,000

Year ending June 30—
Miles operated Ju n e 30._
_
T otal gross earnings...........
Maintenance of road, &c..
M aintenance of equipm’n t.
T ransportation and traffic..
G eneral..... . . .........................

Net earnings...........................
Inlcome from invest., &c.......

& N. N. Y., Bank of N. Amer.
& 0 , Oct., ’93, coup, last pd.
do
do
& 0.
& J. New York and London.

18G2

Stock .—Company reports $102,000,000 outstanding; New York
Stock Exchange in Sept., 1894, $101,492,787.
D ividends —In 1879, 3 per cent; m 1880, 8* ; in 1881, 6 cash and 50
2
stock; from 1882 to 1886, 6 p. o.; in 1887, 6 ^ ; in 1888, 5*4; none since.
R eceivers ’ Certificates .- In August, 18S4, issue of $1,000,000 re­
ceivers’ certificates was authorized of which $250,000 were for over­
due wages. Y. 59, p. 228.
B onds—The guarantee fu n d notes (for $9,000,000) were secured by a
second mortgage of the Atchison m ain line in Kansas and by the
deposit in tru st of the entire capital stocks of the Chicago Santa Fe &
California (see th a t company below) and of th e A. T. & S. Fe Co. in Chi­
cago, which owns the term inals in th a t city and whose bonds are all
held under the general m ortgage of 1889. To retire the notes a t
m aturity alike am ount of general mortgage 4s is reserved. As to the lien
of the guarantee fu n d notes upon the m ain line in Kansas, it should be
observed th a t the old first m ortgage on th a t line, dated 1869, is still
held alive as security for the general m ortgage of 1889, it being pro­
vided in the general mortgage th a t the underlying bonds shall not be
canceled until it has been ascertained “ th a t all the security of the
bonds so to be canceled will, upon such cancellation and discharge, be
preserved to and vested in the holders of the bonds secured h ereb y ”—
i. e., th e general mortgage.
____
Of the unassented bonus $629,000 were in June, 1893, Chicago Santa
Fe & California guaranteed 5s, due Jan u ary 1,1937.
The general mortgage 4s, Union T rust Company of New York
Trustee, cover the entire property of the company, all shares ol
stock owned or controlled and named in circular 63 (V. 49, p. 504), ah
bonds owned and pledged under tru st deeds, and all securities deposited
under the reorganization. The 4s were authorized to an am ount not
exceeding $150,000,000 on present property, to carry out the reorgani­
zation plan, and additional amounts a t $ 20,000 per mile for extensions
or double track. In terest on old incomes was paid as follows: In 1890,
2% p e rc e n t; in 1891, 2 per cen t; in 1892, 2*2 per cent. N. Y. Stock
Exchange in Sept., 1894, reported $130,161,500 gen. 4s outstanding.
Abstracts of all the principal prior mortgages of the Atohison Topeka
& Santa Fe Railroad Company were published in the Chronicle , V. 49.
p. 546-551, and of the general mortgage in Y. 49, p. 857,861, and of the
new second m ortgage m V. 55, p. 101.
. ..
The second mortgage of 1892 covers all the property of the Atchison
nam ed in circular 63 (see Y. 49, p. 504), and secures $80,000,000 of class
A bonds,which were given in exchange dollar for dollar for the income
bonds, the class A bonds bearing 2 ^ per cent interest till Oct. 1,1893;
then 3 per cent till Oct. 1,1894; then 3*2 per cent till Oct. 1,1895, there­
after 4 p er cent till m aturity. Also Class B 4 per cent bonds to be sold
for improvements a t not over $2,500,000 per year. Practically all the
Incomes have been exchanged; Stock Exchange in Sept., 1894, reported
$77,924,000 Class A outstanding. Mortgage trustee Union Trust Co.
F loating D ebt .—The floating debt on Dec. 23,1893, was reported
to include loans and bills payable for $6,300,000; interest due Jan. 1,
1894, $3,900,000. See also V. 57, p. 1100 and 1121. In Jan., 1894, a
$2,000,000 loan in London, secured by $5,000,000 second mort. “B”
bonds, w as extended, p a rtial paym ents to be made. Y. 58, p. 222.
F ix e d Charges , F inances , &c. ~ On the Sonora subsidy, payable in
Mexican currency, paym ents began in August, 1890, and were to con­
tinue till $1,681,400 in all has been paid. See V. 52, p. 49.
E arnings.—On Atchison system proper, 7,476 miles, for—
Eleven months,
51893-4, gross, $32,193,585; net, $8,736,471.
Ju ly 1 to May 31. (1892-3, gross, 38,021,243; net, 11,656,843.
A nnual R eport .—Fiscal year ends Ju n e 30. A nnual m eeting is
held on last Thursday in October. The annual report for 1892-93 was
given a t length in the Chronicle , V. 57, p. 962, 977, 985 to 997, show­
ing figures as follows, but Mr. Little’s exam ination in 1894 disclosed
in th e official reports an apparent over-statem ent of earnings, which
for the net of the entire system amounted to $2,697,086 in year 189091, $1,512,224 in 1891-92 and $2,401,587 in 1892-3; and in 1893-4,
prior to receivership, $880,603.
1892.
7,130
$36,438,188
$4,954,113
4,064,561
14,956,485
1,235,773

M.
A.
A.
J.

g.
g.
g.
*•

1,
1,
1,
1,

1936
1940
1898
1900

July 1, 1935

Deduct—
1891.
1892.
Interest on guar, fund notes. $420,000
$407,822
“
“ 4 p. c. generals_
_
5,024,286
5,102,182
“ .“ 5 p .c. incom es.... (2)1,587,791(212)1,992,160
“ “ 2 d m ortgage........................................... .................
M « Col. Mid. bonds............................
..................
Share of A. & P., int., e tc .. . .
478,255
470,902
Ren. of track and roll, stock.
614,979
619,820
Ren. of Mojave Div., (^ J.......
218,133
218,133
1,103,500
Taxes......................................... 1,240,018
8t. L. & S. F. (agr. Oct., ’86)..
260,302
323,309
Miscellaneous......................
92,395
242,802

1,
1,
1,
1,

1906
1906
1906
1919

1893.
$420,000
5,121,908
.................
2,139,256
595,023
466,360
688,392
218,133
1,278,488
342,164
351,000

Total deductions............... $9,936,159
$10,480,630 $11,620,724
Balance, surplus......................
$454,543
$1,564,905 $1,918,380
—(V. 57, p. 298, 375, 468, 638, 682, 721, 9 6 2 , 9 1 7 , 978, 985«
1038,1100,1121; V. 58, p. 42, 81,126, 222, 430, 549, 635, 681, 987.
1034,1054| 1108; V. 59, p. 70,135,151, 209, 228, 232, 290,472, 514.)
Atchison System.—
Atlantic & Pacific
.—(See Map).—Line of
R oad.—Owns w estern division from Isleta, N. M., near Albuquerque,
to Big Colorado River, 560 miles, w ith branch, 4 miles, and Central
Division, from Seneca, Mo., to Sapulpa, Ind. Ter., 112 miles. Leases
from Big Colorado River to Mojave, Cal., 242 miles; trackage Atch. T.
& S. Fe to Albuquerque, N. M., 13 m iles; branches to mines, quarries,
etc., 16 m iles; total operated, 947 miles.
H istory and Stock .—Chartered by act of Congress July 27,1866'
an Im portant link in the Atchison system. Authorized stock $100,000,
000 (par, $100), of which $79,760,300 has been issued, $51,503,800 of
this being owned by the Atchison Topeka & Santa Fe and the St. Louis
& San Francisco companies equally and deposited in tru st for thirty
years. The stock is classed th u s : Common, $78,317,600; Missouri Div.
pref., $42,700; Central Div., pref., $1,400,000.
R eceivership .—The Atchison w ent into receivers’ hands Dec. 23,
1893, and in January, 1894, its receivers, J. W. R einhart, J. J. McCook
and J. C. Wilson, were appointed receivers of the Atlantic & Pacific.
Mr. R einhart resigned as receiver Aug. 10, 1894, and Major A. F.
Walker has been appointed.
Committees.—Francis S. Bangs, J. G. McCullough, Otto T. Bannard,
G. J. W etzlar and William Basset are acting as a bondholders’ commit­
tee of 1 st mortgage 4 per cent guaranteed tru st bonds, in concert with
Amsterdam and F rankfort holders. Depositaries: State Trust Co., N.
Y., and ShaWmut Nat. Bank, Boston. The Atchison reorganization
plan makes no provision for A tlantic & Pacific bonds. V. 59, p. 70,290.
B onds, &c.—The tru st bonds due in 1937 are guaranteed severally
(but not jointly) by the Atohison and St. Louis & San Francisco, each commany guaranteeing one-half of each bond. They are secured by deposit
m tru st of $16,000,000 Western Div. and $2,794,000 Central Div. first
mortgage bonds, and coupons for $2,524,150. The second mortgage
($5,500,000) is held by the guarantors. [Abstracts of mortgages in V.
49, p. 302.1 Deferred liabilities [diie Atch. and St. L. & S. F. ] June 30,
1893, $15,568,079. In terest on 1st guaranteed 4s due Jan. 1 and July
1,1894, was not paid.
P urchase from So . P ac.—In 1884 the Southern Pacific sold the 242
miles of road from Mojave to The Needles, to this company for $7,271,100, p a y a b l e in Apr., 1905, in A. & P. first mort. bonds, issued on said 242
miles to am ount of $6,059,250, and $1,211,850 in cash. Until clear title
to this piece of road is given, the Atlantic & Pacific has possession and
pays 6 per cent per annum on the $7,271,100. The same negotiation
gave a right to run through trains to San Francisco over the Southern
and Central Pacific lines either on a mileage basis or a t 3 per cent per
annum on $40,000 per mile. See V. 39, p. 208; V. 40, p. 50.
L and Grant.—The grant claimed under the old A. & P. charter of Ju ly ,
1866, is 25,600 acres per mile in Territories and 12,800 acres in States.
On the Western Division the company has earned under its grant 20,295,296 acres of land, 5,308,683 of which were sold to June 30,1893,
leaving 14,986,613 acres undisposed of. Map of land g rant was publish­
ed in Chronicle , V. 36, p. 468. Expenses and cancellations exceeded
receipts for year 1892-93 by $61,336.
E arnings.—In year ending June 30, 1893, gross were $3,564,045,
against $3,361,400 in 1891-92; net, $478,106, against $550,064.
Fixed charges: Taxes, $120,000; interest on guar. 4s, $7ol,7b0: m t.
on 2d mort., $330,000; ren tal of Mojave Division, $436,266; rentals of
cars and tracks, $68,299; to ta l dcncit, $1,227,416, against deficit in
1891-92 of $1,161,450; interest on unfunded debt due Atch. and St. L.
& San Fran. $689,912. (V 55, p. 638,989; V. 57, p. 9 9 0 ; V. 58 ,p. 42,
987,1108; V. 59, p. 70, 290.)
Atchison System—
Cerrillos Coal R . —Owns 26,000 acres of
H
coal lands a t Cerrillos, New Mexico. Control acquired by Atchison m
J a n u a r y , 1892, and above bonds guaranteed. The sinking fund is to
retire the entire issue by m aturity. See V. 55, p. 983.
Atehlson System.—
Chicago Santa Fe d California.—
c
See
Supplement of May, 1894.
Atchison S y s t e m . —Chicago Santa Fe & California.—
E xtends from Corwith near Chicago, 111.,to Big Blue ne ar Kansas City,
w ith branches, 498 miles in all, of which 8 miles leased. Trackage
into Chicago and Kansas City 17 miles. Atchison owns all the stock,
and of the $15,350,000 1st mortgage 5 s of 1937 all b u t $629,000 are

September, 1894.]

RAILROAD STOCKS AND

BONDS.

13

Subscribers will confer a great favor by giving immediate notice of any error discovered in tliese Tables.
Bonds —
Prinoi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles D ate Size, or
pal,When Due*
Amount
of
Par
For explanation of column headings, &c., see notes of
When
Outstanding R ate per Payable Where Payable and by Stocks—Last
Road. Bonds Value.
on first page of tables.
Cent.
Whom.
Dividend.
Atchison System—St. L. & San Fr.—( Concluded)—
St. L. & SanF. col. tru st gold, sink. fd. not drawn, c* 103
Gen. M., g. (1st on 365 m.) $7,807,000 are 6s.c* 964
Collat. Tr. M. o nbr’ches ($20,000 p. m.),gold. .c*
55
Cons.M. $50,000,000,goid,guar.p.«fci.by At.c*&r 1327
Equip. M., gold, $80,000 dr. ann’lly a t 105. e* . .. .
St. L.Wich. < W. 1st M., red. a t 105, g., guar.p.&i.c* 145
&
62
Kan. C. &S. W. lstM .,g .,re d . a tllO , fnt. guar..e*
St. L. Kan. < S. W. IstM ., g., guar., red. a t 110.c
fc
70
St. L. Salem & A .lstM .,g., guar.p.«fci.,red. a t 105.c*
54
Kan.Mid. 1st M.,gold,$15,000p. m., guar. p.&i..c 107
Ft. S. «feV.B.Bridge 1st M.,g.,dr.at 105, guar, p.&i.c* _
Atchison System—Southern California—Pref. stock. 491
Atlanta &Charlotte—Stock (5-6 p. c. rent. Rich. & D.) 269
Preferred mortgage, subject to call a t 100.......o* 2651
a
1st M. [carries voting power 10 votes for ea. bond] r 265ia
Income bonds (not cumulative), guaranteed_ r _
_
Atlanta < Florida—1st mort. ($8,000 p. m.) gold..c* 105
6
Atlanta d West Point—Stock........................................
86
Debenture certificates............................................... ....
Atlantic City—1 stM., g., gu. p.&i. (end.) by P.&R.c*
83
Atlantic <Danville— mort. gold, $16,000 p. m.c* 283
£
1st
Atlantic <c
fNorth Carolina— m ortgage...............
1st
Atlantic < St. Lawrence—
£
Stock, 0%rental Grand Tr’k Ì50
Atlantic Tennessee < Ohio— m ortgage.................
&
1st
44
Augusta C Savannah—
t
Stock 1% rental Central G a..
53
Augusta Southern—1st pref. lien, g., red. a t 105. c&r
85
First consol, mtge. $680,000, gold................... c&r
85

1880 I$1,000
1881
1,000
1887
1,000
1890 100 &c.
1880
1,000
1879
1,000
1886
1,000
1886
1,000
1886
1,000
1887
1,000
1,000
1885
....
100

$ 1 , 100,000
20, 100,000
1,099,000
See text.
80,000
2 ,000,000
744,000
890.000
810.000
1,608,000
367,000
See text.
100
1,700,000
1877
1,000
500,000
1877
1,000
4,250,000
1880
500
750,000
1889
1,000
840,000
100
1,232,200
1,000
1881
1,232,200
1889
1,000
2, 200,000
1887
1,000
’ ,952,000
4
1887
1,000
325,000
_ £&$100 5,484,000
1883
150,000
$100
1,032,200
1893
500
60,000
1893
500
350,000

deposited in tru s t under the Atchison mortgages, the $629,000 being
still in the hands of the public. There are also $1,500,000 Chicago &
St. Louis 6 s outstanding—see Atchison—and $733,000 Pekin Division
6s in tru st. For year 1891-92 gross earnings w ere $6,105,100; net,
$1,331,872; interest, $901,480; improvements, $109,962; balance,
surplus, $320,430. In 1890-91 gross, $5,218,691; net, $742,137.
Atchison System.—
Colorado Midland.— Map.)—Owns
(See
from Colorado Springs to New Castle, Col., 234 miles; Aspen branch, 18
miles; Jerom e Park branch, 15 miles; leases New C astle'to Rifle Creek,
14 miles; Rio Grande Junction RR., Rifle Creek, Col., to Grand Junction,
on the Denver < Rio Grande, 62 m iles; other, 7 m iles; total, 350 miles.
fe
Busk Tunnel, from Busk to Ivanhoe, w as completed in Dec., 1893.
H istory and Stock.—Completed Oct. 15,1888, and in October. 1890,
Atchison purchased entire capital stock of $8,000,000. V. 51, p. 608.
R eceivership , E tc .—The Atchison having gone into receivers’
hands Dec. 23,1893, J. R. Busk, W. D. Sloane and F. F. Thompson
were appointed a bondholders’ committee for Colorado Midland and
Aspen Short Line bonds. There is also a consolidated bondholders’
committee. Consol, mort. interest due Feb. 1,1894, was not paid. Re­
ceivers are J. J. McCook, J. C. Wilson and A. F. Walker. In terest on
Aspen Short Line and Busk Tunnel bonds due July 1, ’94, w as not paid
Bonds.—A bstract of first mortgage in Y. 45, p. 540, and of consol
mortgage in V. 51, p. 572. Central T rust Company is trustee of both
The consols are guaranteed by Atchison. Both issues of equipment
bonds are redeemable by sinking funds a t 105, and are to be paid at
m aturity a t same rate. The B u sk Tunnel bonds ($1,500,000 author ­
ized) are guaranteed principal and interest by the Midland. Due
Atchison Ju ly 1,1893, $1,249,401.
Annual R eport .—Report for 1892-93 in V. 57, p. 977 and 991.
Year.
Gross.
Net. Rentals, etc. Interest. Deficit.
1892-93.............$2,140,006 $341,629 $235,970 $595,023 $489,364
1891-92 ............ 2,103,600 563,583 205,120 596,860 238,397
-(V . 56, p. 164, 247, 834; V. 57, p. 22, 9 7 7 , 9 9 1 ; V. 58, p. 81, 222.)
Atchison System.—
St. Louis San Francisco.— Map.)
Sc
(See
Owns St. Louis. Mo., to Seneca, 326 m iles; Pierce City to Wichita,
Kan., 217 miles ; Monett, Mo., to Paris, Tex., 303 miles ; branches, 199
miles; total owned June 30,1893,1,046 miles. Leases 282 miles, and
half owns the Atlantic < Pacific, 947 miles; Wichita & Western, 125
fc
miles; to tal (counting one-half of mileage half owned), 1,864 miles.
Committee .**-Consolidated Mortgage Committee: Francis Peabody,
Jr., J. Kennedy Tod and F. W. W hitridge; depositaries, Am erican L. &
T. Co., Boston, and M anhattan T rust Co., N. Y.
R eceiversh ip .—Receivers are J. J . McCook, J. W. Wilson and
A. F. Walker. In January, 1894, Louis Fitzgerald, E dw ard King,
Isaac W. Seligman, E rnst Thalm ann and S. D. Davis were appointed a
St. L. & San Fran, bondholders’ committee. Bill for foreclosure under
St. L. & San. Fr. general mortgage was filed in May, 1894. V. 58, p. 774.
Coupons.—The coupons in default on Ju ly 15, 1894, included Series
A, B and C of May, 1894, general 5s and 6s of July, 1894, and consol­
idated 4s of April, 1894. January, 1894, gen. mort. coupons were
paid June ? 9 , 1894» Y. 58, p. 1108. See table above for date of pay­
ment of overdue coupons. Interest due Feb. 1 on coll. tr. 6s was paid
in April a t U. S. T rust Co., N. Y., St. L. Wichita < Western 1st m ort. in­
&
terest due March 1 w as paid Ju n e 1. K. C. & S. W. July, 1894, int., St. L.
Salem & A. June, 1894, int. and Kan. Mid. June, ’94, int. was n ot paid.
S t L. K. & S. W. first mort. int. due Sept. 1,1894, was pot paid.
Capital Stock .—Common, $35,500,000; preferred,$10,000,000; 1st
pref., $4,500,000. The stock is all owned by the Atchison.
B onds.—Of the consolidated mortgage, see full abstract in V. 54, p244. On Ju ly 1,1893, consols outstanding w ere $11,494,800; demand
loans due Atchison secured by consols (additional), $1,453,155; bills
payable, $448,651. N. Y. Stock Exch. in September, 1894, reported
$14,294,500 consols outstanding
Lands.—Assets were estim ated Ju n e 30,1893, a t $429,965.
L atest E arnings.—From Jan. 1 to May 31,1894 (5 months), gross
$2,973,142. agst. $3,581,714 in 1893; n et $719,234, agst. $1,090,657.
For 6 months ending December 31 earnings w e re :
6 mos.
Gross.
Net.
Charges. Bal.incl.otherinc.
1893........$4,240,062
$1,457,853
$1,710,000
def. $252,147
1892........ 5,091,264 2,010,700
1,650,000
sur. 360,700
Annual R eport .—R eport for 1892-93 was in V. 57, p. 977, 992.
Years ending June 30.—
1891.
1892.
1893.
Mileage......................................... .
1,329
1,3281,328
Gross earnings....................................$6,748,508 $7,053,228 $7,542,658
Net earnings.......................................$2,907,650 $3,040,044 $3,089,507
Other income......................................
72,926
156,992
163,804
Total............................................. $2,980,576 $3,197,036 $3,253,311
Charges (incL imp’ts in 1890-91).. 3,079,920 2,610,418 2,763,545
Balance St. L. & 8. F.proper..def.$99,344sur.$586,618sur.$489,766
A. «&P. and Wich. &West. i n t . .. .. ..
650,129
627,679
564,918
S t L. « S. F. System....................def.$749,473 def.$41,061 def.$75,153
fc
- V 57, 977, 992; V 58, p. 69,384,430,595, 681, 774,1108,1109.)
.
.




6 g
5 & 6 g.
5 g4 g.
7 g.
6 g.
6 g.
6 g5 g.
4 g.
6 g.

F. & A.
J A J.
A. < O.
fe
A & O.
.
J. & D.
M. & S.
J. & J.
M. « s.
fc
J. « D.
fc
J . < D.
fc
A. & O.

Feb., ’94, pd. Apr. 2, ’94.
Ja n .,’94, pd. June 29,’94
N. Y., Union Trust.
Oct.. ’93 coup, lastpaid.
June,’94, pd. Aug. 1,’94
M ar.,’94, pd.June 1,’94.
J a n .,’94, coup, lastpaid
Mch., ’94, coup, la st pd.
Dec., ’93, coup, last paid
Dec., ’93, coup, last paid
N.Y.,B’ring,Mago’n&Co

See te x t .M. &’s. N.Y.Cent.Tr.Co.,54Wall
A. « o.
fc
7
do
do
J. & J.
do
do
7
A. & o.
do
do
6
fe
6 g. M. < N. May, 1892, coupons on.
f
See text. J. «cJ.
A tlanta, Ga.
f
A tlanta, Ga.
6 J. «cJ.
M. «c Phila., Read. Ter. Bldg.
f N.
5 g.
f
6 g- A, «cO. Oct., ’90, coup.last paid.
f
6 J. <eJ. Balt. ,N1. F ’rm ’rs’<c
fP.Bk
& .
6 per an. M. < H London and Portland.
6 A. &0. Oct., ’93, paid Dec., ’93
7 per an. J. < D.
&
See text.
f D.
fc
7 g. J. «c N. Y., < Augusta, Ga.
do,
do
See text. J. «cD.
f

Aug.
July
Oct.
Oct.
June
Sept.
Jan.
Sept.
Dec.
June
Apr.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1920
1931
1987
1990
1895
1919
1916
1916
1936
1937
1910

Sept. 6, 1894
Apr. 1, 1897
Jan. 1, 1907
Apr. 1, 1900
Nov. 1, 1993
Ju ly 3, 1894
Co’s option.
May 1, 1919
Oct. 1, 1917
Ju ly 1, 1917
Sept., 1894.
1913
Dec., 1893.
Dec. 1, 1923
Dec. 1, 1923

A t c h is o n S y s te m —S o u t h e r n C a l i f o r n i a .—(See Map )—Owns
all the California lines operated by Atchison, reaching Barstow, San
Diego, Los Angeles, etc., 491 miles in all. Atchison owns ail the $ 6,732,000 com. and $3,046,800 of the $6,072,000 pref. stock. Bonded
debt on 475 miles Ja n . 1,1892, including incomes, $12,284,740. An­
nual interest charge, including incomes, $737,084, the bonds being all
6s and practically all held in tru st under the Atchison m ortgages;
n et floating debt Jan. 1,1892, $965,188. In year 1891-92, gross earn­
ings, $2,187,627 ; net, $717,137, against $511,764 in 1890-91.
Atlanta Sc Charlotte Air Line.—
Owns from Charlotte, N C., to
.
A tlanta, Ga., 269 miles. Formed February 27,1877, after foreclosure.
L eased on March 26,1881, to the Richmond & Danville for 99 years,
a t a rental of $466,500 per year, equal to the interest on debt and 5
per cent on stock; if gross earnings exceed $1,500,000, dividends to be 6
per c e n t; and if they exceed $2,500,000, 7 per cent. Lease assumed by
Southern Ry. Co.—see p lan below.
R. & W. P. T er . R eorganization .—Under Term inal Reorgan­
ization plan, modified Feb. 20,, 1894, the bonds of A tlanta < Charlotte
fc
were left undisturbed, but it was suggested th a t the ren tal m ight have
to be modified so th a t stock should receive smaller dividends until the
7 per cent bonds can be refunded iat m aturity) a t a lower ra te of in­
terest. See Y. 58, p. 385.
D ividends have been—From 1881 to 1889, inclusive, 5 per centyearly;
in 1890, 5 * ; in 1891, 6; in 1892, 6; in 1893, 6 p. o.; 1894, 6 p. c.
2
E arnings.—From July 31 to Dec. 31,1893 (5 months) gross were
about $637,000; n et about $131,000. From Ju n e 16, ’92 to Ju ly 31,
’93 (13*2 months) gross $1,785,076; n e t $193,916; ren tal $543,000;
construction $51,334; balance,deficit, $400,418.
AtlantaSc Florida.—
Owns from A tlanta southerly to F ort Valley,
Ga., on Central Railroad of Georgia, 105 miles. Sold a t auction May 2,
1893, for taxes due the State. Receiver has been discharged. Reorgan,
pending. Stock, $1,115,000; p a r $25. Mortgage trustee Central Trust
Company. In year ending June 30, 1892, gross earnings were $103,324;
deficit under operating expenses, $229. In year 1890 gross, $128,842;
net, $7,550. (V. 54, p. 287; V. 56, p. 578, 792,972.)
AtlantaSc West Point.—
Owns from Atlanta, Ga., to W est Point,
Ga.,
miles. In April, 1881. control was acquired by the Central
RR. of Georgia through lease of the Georgia Railroad, etc.
D ividends begun in 1855 were for m any years 8 p e rce n t per annum
From Jan . 1,1884, to Ju ly 3,1894, 6 per cent yearly.
Annual R eport .—Fiscal year ends June 30. For 1893-94, gross
$479,768; net, $180,176. Report for 1892-93 shows the following,
over $39,000 for extraordinary expenses having been charged to oper­
ating expenses: Gross earnings, $446,732 net. $ 1 3 1 ,1 7 4 ; interest on
bonds, $ 7 3 ,9 3 2 ; dividends paid, $73,932 ; deficit, $16,690. In 1891-92
gross, $475,802. (V. 57, p. 465.)
Atlantic City.—
Camden to Atlantic City,57 miles; w ith branches,&
c.
of 40 miles, of which 14 leased. Consolidation in 1889. Controlled by
Philadelphia & Reading RR. Stock , common, $1,200,000; preferred,
$1,000,000; par, $50. Trustee of mortgage, G uarantee Trust <
&
Safe Dep. Co. of Phil. In year ending Nov. 30,1893, gross earnings
were $813,241; net, $206,133; interest, charges and rentals, $124,993; balance, surplus, $81,140, against surplus of $88,664 in 1891-92.
Atlantic Sc Danville.—
Completed February, 1890, Portsm outh
near Norfolk, to Danville, Va., 204 miles, and Jam es River Junction to
Claremont (3 feet gauge) 51 miles; branches, 28 miles; trackage, 2
m iles; total, 285 miles, of which 56 miles 3 foot gauge.
H istory .—Receivers appointed in January, 1891. Road was sold
April 3,1894, to B. Newgass & Co. of London for $1,100,000. Operated
by A. B. Thom, Receiver, pending organization of a new company.
Under reorganisation plan, bondholders paying an assessment of 25
p. c. to receive 25 p er cent in new 5 p. c. bonds, 60 per cent in preferred
and 40 p er cent in common stock for old bonds. See plan V. 58, p. 815.
Stock, $5,754,890; par, $100; car trusts, $313,960 Ju n e 30, 1892.
E arnings.—In year 1892-93 gross, $576,812; n et overtaxes, $13,60ft
—perm anent improvements, $43,656; deficit for year, $30,056. (V
56, p. 164; V. 58, p. 512, 594, 815.)
Atlantic Sc North Carolina.—
From Morehead City to Golds*
boro, N. C., 95 miles. Chartered in 1853, road opened In 1858. State
of North Carolina owns $1,266,500 of the $1,797,500 stock. Dividends
of 2 p. c. are paid; in 1893 paid an additional dividend of 2 p. c. The
mortgage is for $325,000. Mercantile Tr. < Dep. Co.,Balto., is trustee.
fe
Atlantic Tennessee Sc Ohio.—
Owns road from Charlotte, N
C ., to Statesville, N. C., 44 miles. Leased for 99 years from Oct. 1,
1881, to Charlotte Col. & A ugusta for interest on bonds and 4 p. o. on
stock. Operated under tem porary arrangem ent by Southern Railway
Co. Stock .—$400,000; p a r $50. U nder the Richmond Term inal re­
organization plan of Feb. 20, 1894, the first mortgage 6s are not dis­
turbed, b u t the stock is reserved for future negotiations.
Augusta Sc Savannah.—
Owns from Millen to Augusta, Ga., 53
miles. Leased in perpetuity to Central of Georgia for $73,000 p e r
annum. Lessee is In receivers’ hands, and June, 1893, dividend was not
paid. Dec., 1893, dividend was paid April 9, 1894. The U. 8. Cir­
cuit Court in June, 1893, decided th a t if the A. & S. stockholders were
not willing to accept in lieu of rental all net earnings not in excess oi
the agreed rental, th a t the road should be surrendered to them.

14

INVESTORS’

SUPPLEMENT.

[V l L IX .
o.

Subscriber« will confer a great favor by giving Immediate notice of any error discovered In these Tables.
RAILROADS.
Miles 1 D ate
of I of
Forexplanation of column headings, &e., see notes
Road. Bonds
on first page of tables.
A u stin dt Northwestern—1st mort. g., gu. p & i. .c**r 103 1891
90 1880
Bald Eagle Valley—1st m ort. (s. f., draw n a t 100). .r
28 1894
Baltimore t6A»naj>.S.L.-lstM.(4p.c. aft. J a n .l,’97)g.
1894
Baltimore Chesapeake < Atlantic—1st mort., gold..
&
40 1882
Balt. < Lehigh.—York & Peach Bottom, ser. A. & B.
&
44 1889
M aryland C entral 1st M., int. 4 p. c. till Jan., 1899
Baltimore < Ohio—Stock (see rem arks)....................
6
1st and 2d pref. stock, cum., $3,000,000 is 1st pref
379 1853
Loan due in 1880. extended, payable a t will.
379 1853
Loan, 1853, extended in 1885, gold..............
Loan, 1870. sink, fund £16,000 yearly, not draw n 379 1870
Mortgage 1872, sink, fund £12,000 semi-annually 421 1872
Mortgage 1874, sink, fund £9,000 semi-annually 421 1874
Bond to City Baltimore (payable $40,000 yearly) 379 1875
Consolidated mortgage (for $29,600,000) gold.c* - 511 1887
Loan, 1877 (s. f. dPn a t 100) (B.& O.&Ch.bds.col’l) c 263 1877
N W. Virginia RR. 1st M. (ext. in 1888) assum.o | 104 £ 1855
.
1879
B. & O. loan 1879 (Parkersb’g Br. bonds collat.).
Mort. on Phila.Br., w ith Balt. &Phila. bds.as ool.c 108 1883
12 1873
Wash C.& P.L. (Alex.Br.) 1st M.g.s.f.$36,000 p.an
149 1868
Pittsburg & Connellsville 1st mortgage...............
149 1876
Consol, m ort., gold, guar. (s. f. £7,200 per yr.)
B. & 0. loan,’85,g. (Pitts. & Conn.bds. as col.). c*á¿r 149 1885
1894
1st Term inal mortgage, gold (see tex t)..........c*
1887
Car tru st loan, gold ($250,000pd.yearly J a n JL).c
1889
'
Equipm ent tru st ($100,000 paid yearly April 1)
1890
Equip, trust, Ser.B.,$200,000 due y’rly Nov. l.o*
10 1886
■ w ( Schuyl. R. E ast Side RR. 1st M., g. (guar.)
e
32 1889
I Monongahela River RR., 1st M., g, guar.o*
“ o ' Balt. & N. Y. RR., 1st M., gold, g u a r.. .c&r 5ia 1889
73 1890
“ A ] Akron & Chic. Juno, ls tm ., gold,int. gu.c"
i Balt.Belt. 1 stM .for$ 6,000,000,g.,int.gu.c
8 1890
1894
T 2d mortgage, $2,500,000, gold.............

INTEREST OR DIVIDENDS.
Size, or
Amount
P a r Outstanding R ate per When Where Payable, and by Stocks—L ast’
Value.
Cent. Payable
Whom.
Dividend.
$ 1,000 $1,920,000
5 g. J. & J. N. Y., Cent. T rust Co. July 1, 1941
1,000
348,000
6
F. & A. Phila.,F.Ins.Tr.&S.Dep. Jan. 1 , i 9io
3-4 g. J. & J.
500,000
Jan. 1 , 1944
1,250,000
5 g. M. & S.
1934
Various Oct. & Nov. ’93, last p’d.
50,&o.
250,000
5
1932
500 &o.
850,000
4-5
J. & J. Jan., ’93, coup, last paid Jan. 1 , 1919
100 25,000.000 See text. M. & N. Balt. Office, Cent. Bldg. May 17,1894
100
5,000,000 6 per an. J. & J.
do
do
July 2, 1894
500 &c.
4
J. & J.
579,500
do
do
At will.
500 &c. 1,709,500
do
do
4 g. A. & O.
Oct. 1 , 1935
£200
3,454,792
6 g. M. & S. Lond’n,Baring Bros&Co Mch. 1 , 1895
£100
9,301,512
do
do
6 g. M. & S.
Mch. 1, 1902
£200
9,634,504
6 g. M. & N. London, J. S.Morgan&Co May, 1910
240,000
6
J. & J.
Baltimore, Office.
July, ’95-1900
1,000 10 ,100,000
5 g. F. & A. N. Y., Union Trust Co. Feb. 1 , 1988
£200
6,934,752
5 g• J. & D. London, J. S.Morgan&Co June 1 , 1927
$ 1,000
140,000
6
J. & J. Baltimore, B. & 0. RR. Mch. 1, 1902
1,000
A. & O. N.Y., D. M. & Co. & Balt. Apr. 1 , 1913
3,000,000
6
£200 11,616,000
4^a g. A. & O. London, Brown, S. & Co. Apr. 1 , 1939
1,000
540,000
6 g. J. & D.
Baltimore, Office.
June 1 , 1913
1,000
4,000,000
7
J. & J. Baltimore, B. & 0. RR. July, 1898
£200
6,567,880
6 g. J. & J. Lond’n, J.S.Morgan&Co. Jan. 1 , 1926
$ 1,000 10 ,000,000
5 g- F. & A. N. Y„ Union T rust Co. Peb. 1 , 1925
1,000
New York.
8,500,000
4^a g. J. & D.
June 1, 1934
1,000
750,000
4*3 g. J. & J. Balt’me, Merc. Trust Co. 10 p. c. yearly.
1,000
A. & O. Phila., Fin’ce Co. of Pa. 1895 to 1899
500,000
5
1,000
do
do
1,400,000
5
M, & N.
Nv. 1,’ 94-1900
1,000
4,500,000
5 g- J. & D. Phila., Solicitors’ Co. Dec. 1, 1935
1,000
5 g. F. & A. N. Y., Central T rust Co. Peb. 1, 1919
700,000
1,000
350,000
5 g. M. & N. N.Y., Drexel-M.; &Balt. May 1, 1939
1,000
1,500,000 x 5 g. M. & N. N. Y., Merc. T rust Co. Nov. 1, 1930
1,000
6,000,000
5 g- M. & N. N. Y., Brown Bros.&Balt Nov. 1, 1990
Sep.’94,none
Apr. 1, 1944
413 A. & 0.

E arnings.—For year ending June 30, 1893, gross were $254,945 ; I ive, 19; in 1886, 8 ; in 1887, 4 ; then none until 1891, when paid 20
net, $91,688. In year 1890-91 gross, $232,405 ; net, $72,310.
| p: c. in stock Dec. 31 ; in 1892, 3 ^ p. c. cash ; in 1893, 5 p. c.; in 1894,
May, 212 p. c.
L atest E arnings —9 mos. 51893-4, gross, $165,304; net, $46,667.
B onds.—In addition to bonds given above as outstanding the B. & o.
Ju ly 1 to Mar. 31,
11892-3, gross, $208,024; net, $85,498.
sinking funds held June 30,1893, consols of 1887 to the amount of
Augusta Southern.
—Owns from A ugusta to Sandersville, Ga., 80 $5,055,000 (interest on which is paid in consols themselves) and other
miles (narrow gauge), and Sandersville & Tennille RR., 4 miles. The first-class interest-bring bonds to the am ount of $5,645,004.
The loan of 1883 is secured by first mortgage on the road from Can­
Au. So. was a reorganization in May, 1893, of the Augusta Gibson &
Sandersville. S tock .—Authorized $400,000, p a r $100. O utstanding ton, Md., to Delaware State line, 52 miles, ana by pledge of first mortage bonds of Balt. & Phila. RR., Delaware S tate line to Junction near
March 1,1894, $381,037. B onds .—The rst consols bear interest till
hiladelphia, and Landenberg, etc., branches, 56 m iles; total, 108
Deo. 1,1894 a t 2 p. e.; then till Dec., 1,1895, a t 3 p. c. and thereafter
mile s.
a t 5 p. c. President, Jam es U. Jackson, A ugusta, Ga.
The consolidated mort. o f 1887 (trustee. Mercantile T rust & Dep. Co.)
Austin & Northwestern,—
Owns from Austin to Llano, Texas, covers the m ain line, Baltimore to Wheeling, and branches, 444 miles,
the two Ohio River bridges, stock of the Washington branch for $1,028,99 miles; branch, Pairland to Marble Palls, etc., 6 miles; total, 105
miles, all standard gauge. Stock authorized and outstanding $1,016,- 000, and the entire issue of first mort. bonds ($5,000,000) on the road
000; p a r $100, of which the Southern Pacific Company owns $1,008,- between P ittsburg and Wheeling. The consols unissued are reserved to
000. The land grant was 600,000 acres. M ortgage trustee Atlantic retire priorbonds not held by sink, funds. Mort. abstract V. 46, p. 804.
The terminal mortgage of Ju n e 1,1894 (trustee, M ercantile Trust Co.
T rust Co. The 5 per cents are for $20,000 per m ile and have principal
ofN . Y.), covers certain lands and term inal properties used by the
and interest guaranteed by the Southern Pacific Company.
company in Baltimore, Cumberland, Brunswick and Benwood, Md.,
E arnings .—7 m onths. 5 1894............. gross, $133,950; net, $42,701
and a Phila. and Pittsburg, Pa. t
Jan. 1 to Ju ly 31.
¿1893.............gross, 139,038; net, 50,479 undert of certain stocks ana bondsI ofis also secured by deposit there­
the M etropolitan Southern RR.,
For year 1893 gross $254,986, against $304,266 in 1892; n et $103,- Schuylkill River E ast Side RR., W ashington & W estern Maryland R.R.
482 against $130,561; other income, $13,851; interest and taxes, and Georgtown Barge Dock Elevator & Ry. companies, amounting to
$102,704; balance, surplus, $14,629. (V. 54, p. 1009 ; V. 56, p. 331. par value of $4,773,250. See abstract in V. 59, p. 71. The mortgage
a
Bald Eagle Valley.—
Owns from Vail Station, Pa., to Lookhaven provides for a present issue of $8,500,000 gold 4 1 per cent bonds and
I*a., 51 m iles; branches to Sugar Camp, etc., 39 miles. Leased to an additional issue of $6,500,000.
Pennsylvania Railroad Company for 99 years from December 7,1864.
Guaranties .—In addition to th e bonds given in the table, the com­
R ental, 40 per cent of gross earnings. Rental in 1893 $219,174. In pany guarantees the following bonds. See statem ent for this co.H
1892, $258,632; surplus over fixed charges, $228,625, out of which B. & O. Southwestern 1st 4 1as. IT Win. & Potomac, $147,250 1st 6s.
paid dividends (10 per cent) $140,625. Stock authorized, $2,000,000;
Columbus & Cin. Midland 4^8. IT
do
do
1 st consols.
outstanding,$1,535,000 (par $50), of which Pennsylvania RR. Ja n . 1,
Staten Island R. T. 2d 5s.
IT Pitts. Clev.& Tol., as to in t., 1st 6s.IT
1894, owned $706,250. Dividends are paid F&A. (V. 56, p. 625.)
Valley of Va., $413,000 1st 6s. IT West Va. & Pitts., as to int., 1st 5s.11
General F inances, &c.—This company operates one of the leading
Baltimore & Annapolis Short Line.—
Owns road from B alti­
more to Annapolis, Md., 28 miles. Form erly Annapolis & B. S. L., sold trunk lines to Chicago, as well as a line to Cincinnati and St. Louis.
in foreclosure in 1894. Sto c k .—Common, $400,000; pref’d, $500,000. After having paid dividends for m any years the company passed the
November, 1887, and subsequent dividends on common stock. In 1892
Mortgage is for $600,000, bonds for $100,000 being reserved.
cash dividends were resumed. Special loans and bills payable were
Baltimore Chesapeake & Atlantic By.— Claiborne to $3,726,789 Ju ly 1,1893. F or offsets see Chronicle of November 25,
O wns
Ocean City, Md., 89 miles; from Claiborne to Baltimore, 42 miles, tra n s­ 1893. The term inal bonds (see mortgage above) for $87500,000 were
fer is made by water. H isto r y .—A reorganization in 1894 of the sold in London in June, 1894. The m ortgage provides for the lease by
Baltimore & E astern Shore, which was sold Aug. 29,1894 (V. 59, p. the B. & O. of certain real estate and term inals in Baltimore, Phila­
delphia, Pittsubrg, etc., a t an aggregate annual rental of $375,000. V.
371), the M aryland Steam boat Co. and C hoptank S. B. Co.
Sto c k s .—Preferred is $1,500,000, entitled to 5 per c e n t; common, 59, p. 72.
By consolidation of the B. & O. Southwestern and Ohio & Mississippi,
$ 1,000 ,000.
B onds .—F irst m ortgage is for $1,250,000 40-year gold bonds. Presi­ Nov. 1,1893, the B. & O. gained a direct line to St. Louis.
E arnings.—1 m o n th ,) 1894...........gross, $1,792,255 ; net, $472,580
dent, Jo h n E. Searles, New York. V. 59, p. 152, 371.
Ju ly 1 to Ju ly 31. 51893...........gross, 2,112,071; net, 686,875
Baltimore & Lehigh.—
Owns from Baltimore, Md., to York,'Pa.,
A nnual R eport .—Fiscal year now ends June 30. Annual meeting
79 miles, and branch, 5 m iles; total, 3 foot gauge 84 miles.
a t Baltimore on the third Monday of November. R eport for 1892-93
H is t o r y .—A consolidation in May, 1891, of M aryland Central and was given in full in V. 57, p. 878, 892, 895. For year 1893-94 gross
York & Peach Bottom railroads. In 1893 receivers were appointed— (June estim ated), $22,439,602; net, $6,871,439.
W. H. Bosley for Maryland end and W. J. Taylor for P ennsylvania end.
1893.
1892.
Year ending June 30—
M aryland divison, Baltimore, Md., to D elta, Pa., 44 miles, was sold in Gross earn in g s........................................ . $25,877,358
$26,214,807
foreclosure in June, 1894. V. 58, p. 1034. Pennsylvania division, Operating expenses................................ . 18,432,956
19,041,982
D elta to York, Pa., was sold Aug. 6, 1894. V. 59, p. 228. General
mortgage 5s for $2,400,000 are also outstanding.
$7,172,825
Net earnings..................................... . $7,444,402
2,251,377
A.dd income from other sources.......... . 1,850,701
Baltimore& Ohio.— Map).—Operates from Baltimore to P hila­
(See
delphia and Baltimore to Chicago, and has, via the Baltimore & Ohio
$9,424,202
To*al n et ncom e.............................. . $9,295,103
Southwestern, a direct route to Cincinnati and St. Louis, the to ta l Net earnings W ashington B ranch.......
213,537
177,744
mileage leased, owned and operated ("excluding the Balt. & Ohio South­ Fixed charges........................................ . 6,535,212
6,697,225
western) being in July, 1893, 2,053 miles, of which 756 miles are Dividends on 1st and 2d pref. stock..
300,000
300,000
w est and 1,297 miles east of the Ohio River. The “ Blue L in e” (see Dividends on common stock............... . (1*4) 312,429
(2ia) 624,922
Central RR. of N. J.) enables it to reach New York, near which, on Paym ents to retire bonds.....................
759,711
696,436
Staten Island, it has freight term inals. See 8. 1. Rapid T ransit. Also
operates the Valley RR. of Virginia, 62 miles, and F airm ont Morgan­
$828,807
Leaving a balance o f .. ................. . $1,273,282
tow n & Pittsburg. V. 57, p. 255. Controls the Valley of Ohio, and is
interested in the West Virginia & P ittsburg (see th a t co.)
-1893.-1892.Net.
Year end. June 30—
Gross.
Net.
. Gross.
H isto r y , L eases , &c.—Chartered in M aryland Feb. 28,1827, and in
Virginia March 8,1827. F irst section opened May 24,1830. The Tele­ Main Stem, &c............... $12,505,983 $4,468,434 $12,155,766 $4,093,078
Parkersburg B ranch_
_
859,782
160,302
827,779
145,744
graph Co’s, stock was sold to Western Union for $5,000-000 W estern
213,537
769,388
727,523
177,745
Union stock a t p a r and a ren tal of $60,000 per year for fifty years. A Washington Branch.......
640,393
Philadelphia Division... 1,966,466
577,410 2,139,325
contract or lease made with the Chic. & N. Pac. in Dec., 1891, gives use
961,571
Pittsburg Division........ 3,127,781 1,037,460 3,209,092
of ample term inals in Chicago. See Ch. & N. P. and V. 55, p. 898.
40,627
655,396
657,479
67,033
A controlling interest in the stock of the P ittsburg & W estern (which Wheeling & Pitts. D iv..
34,613
^ 372,526
349,117
33,970
see) was acquired in 1891—see below. Also owns a controlling interest Midland Division. .......
240,043
Central Ohio Division... 1,404,983
250,317 1,326,853
in the B. & O. S. W., which see. For contract with Akron & Chicago
189,480
946,262
Lake Erie Division........ 1,031,922
194,127
Junction and Baltimore Belt roads see V. 51, p. 344.
df.8,829
148,544
Straitsville Division_
_
147,551 def.5,722
571,884
3,288,086
Ca pit a l Stock .—See application for listing in N. Y. in V. 54, p. 368, Chicago Division............ 2,909,953 _ 509,433
50,685
375,789
188,817 def. 26,108
Preferred stock carries 6 per cent dividends only.
Akron Division.
In Nov. 1891, the stock was increased from $14,792.566 to $25,000,T o ta l...................„....$25,877,358 $7,444,402 $26,214,807 $7,172,825
000 to pay a 20 per cent stock dividend, $2,161,800 for purchase of - (V. 55, p. 678; 8 7 8 ,8 9 3 ,8 9 4 ,8 9 6 ,1 0 7 7 ; V. 57, p. 21,255,763,808,
P ittsburg & West. RR. stock and about $5,000,000 for improvements.
8 7 8 , 8 9 2 , 893, 8 9 5 ,1 1 2 2 ; V. 58, p. 681, 715,1108; V. 59, p. 70, 71,
D ividends on Common S tock .—In 1880, 9 ; in 1881 to 1885, inclus- 291.)




f

September, 1894.J

KAILKOAD

STOCKS

AND

BONDS.

K5




16

INVESTORS’

SLPPLEMEN £.

[V .
ol

1 ix.

RAILROADS.
INTEREST OR DIVIDENDS.
Bonds—P rS cf
Miles Date Size, or
Amount
F o r explanation of column headings, &c., see notes of
of
P ar Outstanding Rate per When Where payable, and by pal, When Due
Stocks—Last
on first page of tables.
Road. Bonds Value.
cent. Payable
Whom.
Dividend.
Balt. A Ohio Southwest.—O n. & Balt. 1st mortgage.
B. & 0 . 8.W. -Rif., IstM ., gold (guar. p. &i., end.).o*
Ohio & Miss., 1st eon. M., s.f. ($112,000 are 6s) c*
_
2d consol, mort. (sink, fund), no drawing_ c*
Spring.Div. (Sp.& Hl. S. E.) 1st M. ($3,000,000)o*
Equip. Tr.,3 series, 10 p. ct. dm . yearly a t 100.o*
B. & O. S. W. By., 1st con. M., g., gu. (end.).c*&r
Income mort., A & B (A, $8,581,000)............c&r*
B. & O. 8. W. Term. Co. 1st M. gold, guar., p&i..*
Balt. A Potomac—IstM . (tun.) g., s. f.lp.o.,notdr’n.o*
1st M., road,guar., gold, s. f. 1 p. o., not drawn, .o*
Consolidated mortgage for $10,000,000, gold..c*
Bangor A A r.—1st M.$3,360,000($16,000 p.m.) g.o*
Bang. & Piscata.—Prer.M. Green E x t., “ assumed, f ’
Bonds held by City of Bangor, “ assum ed”.......
B ath A Hammondsport—1st mortgage, gold............
Second mortgage, gold..............................................
Beech Greek—Stock (guaranteed 4 per cent by end.)
1st M .,g,guar.p.& i.(end.)...................................o&r
2d M. for $1,000,000, gold, guar. p. & i. (end.) .c<fcr
Clearf.Bitum. Coal 1st M.,int.gu. by Bh. Cr., gold.o
BeUaire Zanesville A Gin.—Prior lien m ort.,red.atl05
IstM . for $1,000,000 ($262,000 res.for pr.l’n bds.)
Belt RB A Stock Yard o f Indianapolis—1st m ort..
do
mortgage for $ 1 ,000,000 gold.......
Belvidere Del.—1st M., ext’d i n ’77, conv., guar...... c
Cons. M. of ’76, guar, by Un. Co’s & Pa. RR.,s. f . .r
do
sinking fund..................... ......................r
Bennington A Rutland—1st m ortgage......................

5
281
303
393

222

909
909
'Íi¿
90
92
95
77
77

10
10

149
149
149

Í 02
102
64
67
67
59

1869 $ 1,000
$333,000
J. & J. N. Y., Farm ers’ L. & Tr.
7
1,000 10,667,000
1889
do
do
4 ^ g. J. & J.
1,000
1868
See text.
6 & 7 J. & J.
do
do
1,000
do
1871
7
A. & O.
do
do
1874
1,000
do
M. & N.
7
do
do
’87-’91 1,000
357,000
6
Various N.Y.BaringMagoun&Co
1893 l , 000&c 10 , 202,000
4fo g. J. & J.
New York.
1,000 17,450,000
1893
5
1,000
1892
1,500,000
5 g- M. & N. N. Y., Farm ers’ L. & Tr.
1,000
1,500,000
1871
6 g. J. & J. Balt. Office and London.
1,000
3,000,000
1871
6 g. A. & O. Balt. Office and London.
1.000
1889
3,000,000
5 g. J. & J.
do
Calvert St.
1,000
1893
1,504,000
5 g- J. & J. N. Y., Guar. & Ind. Co.
1883 500 &c.
300,000
5
A. & 0. Boston, Merch. Nat. Bk.
1869
1,000
925,000 6 & 7 A. & O.
Bangor, Me.
1889
1,000
100,000
New York City.
5 g. J. & D.
1893
1,000
200,000
A. & O.
do
do
5 g50
5,500,000 4 per an. Q .-J . N.Y., Grind Cent. Depot
1886
1,000
5,000,000
4 g. J. & J.
do *
do
1892
1,000
500,000
do
do
5 g- J. & J.
1891 100 &c.
825,000
J. & J. N. Y., Knickerb’r Trust.
4 g.
1889
1,000
250,000
6
J. & J. N. Y., Farm ers’ L. & Tr.
1890 . 1,000
738,000
4
J. & J.
1876
500,000
6
J. & D.
Indianapolis.
1881
1,000
500,000
fc
6 g- M. < N. Phila., W. H. Newbolds.
1867
1,000
1 ,000,000
6
J. & D. Philadelphia, Pa. RR.
1885-7 1,000
1,249,000
4
Various Philadelphia, Pa. RR.
1893
1,000
600,000
4
J. & J.
do
do
1877
1,000
475,000
M. & N. N.Y., Union Trust Co,
7

Jan. 1, 1900
Jan. 1, 1990
Jan. 1 , i 898
£pr. 1, 1911
Nov. 1 , 1905
10 p. c. yearly.
July 1, 1993
July 1, 2043
May 1 , 1942
July .1, 19H
£P,r. 1, 1911
July 1 , 1929
Jan. 1 , 1943
Apr. 2, 1913
Apr, 1 , I 899
June l , 1919
Apr. 1 , 199,3
July 2, 1894
July 1, 1936
July 1 , 1930
Jan. 1, 1940
July lj I 899
Jan. 1, 1940
Deo. R ¿896
Apr. 30,1911
June 1,' 1902
Sent., 1925-27
Jan. 1, 1933
Nov. 1', 1897

Baltimore &Oblo Southwestern—Map of Baltimore A Ohio). Central’s guaranty of principal and interest. See V. 52, p. 570. In
(See
Road Owned—
Miles. June. 1892, stockholders authorized the issue of $ 1 .000.000 new second
Road Owned—
Miles.
_
C incinnati to E ast St. Louis_ 339 Blanchester to Hillsboro.......... 22 mortgage 5 per cent bonds and $1,000,000 new stock, both guaranteed
by the New York Central. These securities will be issued from time to
Ho. Vernon to Jeffersonville... 53 New Albany & E astern.............
B eardstow n to Shawneetown..228 Cincinnati & B edford............... 11 time to pay for extensions of the road through Clearfield in a south­
C incinnati to Belpre...................193 Trackage in Cincinnati................... 1 westerly direction about 70 miles, reaching undeveloped coal fields.
In September, 1894, $500,000 of these 5 per cents and $500,000 of stock
M arietta to Belpre...................... 11
Portsm outh to H am den............ 55
Total operated Apr., 1894___921 had been issued to pay for extensions, etc. Car tru sts (5 per cents!
June, 1894, $259,500.
'
Double track and sidings 270 miles.
D ividends —On preferred, 1886 to 1888, inclusive, 5 p. o. per annum;
H is t o r y , E tc .—This railway co. was a consolidation on Nov. 1,1893,
in 1889, 2 H; in January, 1890, 5 p. c ; in 1891 stock all made common,
>
o f the B. & O. S. W. RR. and the Ohio & Miss, per plan in V. 56, p. 504»
and dividends of 4 per cent guaranteed. See guaranty V. 52, p. 570.
Ca pit a l Stock .—Stock is $30,000,000, of which $20,000,000 is 7 p.
A nnual R e p o r t .—Fiscal year ends June 30. Report for 1892-93
o. non cumulative preferred. The $10,000,000 common is held by the
was in Y. 57, p. 720, showing gross earnings $1,347,200, net $729,970;
B. & O. and carries control. All the stock has been issued.
first charges, $331,285; dividend, $217,500; balance, surplus, $181,185.
B onds .—A bstract of first mortgage of 1889 (guaranteed by B. & O.) In 1891-92
n et $528,177. (V. 55,
was in V. 51, p. 245. Of the $37,500,000 first consols.. also guaranteed V. 56, p. 331;gross $1,230,834;0 , 723; V. 58, p. 344.) p. 21, 542, 551;
V. 57, p. 639, 7 2
principal and int. by B. & O., $11,000,000 are reserved to retire a t ma­
tu rity the B. & O. S. W. firsts; $1,500,000 to retire a like am ount of
Bellalre Zanesville &, Cincinnati.—
Owns Bellaire, 0., to
B , A O. S. W. Terminal firsts ; $20,500,000 were to be issued in ex­ Wilhelm Station, O., 102 miles, three foot g au g e; Muskingum County
change for Ohio & Mississippi bonds of the several issues and the pre­ kailroad, Wilhelm to Mill Run, 9 miles; trackage B. & O. RR., Mill Run to
ferred stock; and $4,500,000 will be available for improving the Ohio Zanesville, 1 mile; total operated, 112 miles. Reorganized in 1889.
A Mississippi and for other purposes. The to tal m ay be increased by Stock is: Common, $832,000; preferred, $795,910; par $50. In year
issue of four per cent bonds for term inals, double tracks, equipment, etc. 1893 gross, $103,498; net, $14,971, agst. $13,754 in 1892.
Of the first consols $9,080,000 were reported outstanding in April,
Belt Railroad & Stock Yard, of Indianapolis.— 14
Owns
1894, ot which $6,615,980 were issued for exchange of old securities
miles of belt road, etc., a t Indianapolis. Leased for 999 years to In­
nnd $2,464,020 for improvements, etc.
dianapolis Union—which see. Stock is: Common, $1,000,000; pre­
The income mortgage 5 per cent gold bonds (Farmers’ Loan & T. Co.,
^
trustee) are non cumulative. Series A ($8,750,000) are prior to B ($10,- ferred 6 per cent ( l 1 per cent quarterly), $500,000; par, $50. In 1892
000 ,0001 for principal and interest. In August, 1894, $3,581,000 the company stated th a t the “ common stock had not paid less than 3
series A had been listed on N. Y. Stock E xcha g e ; num bers A 8,000 p. c. semi-annually (J. & J.) and a t times more for past fifteen years.”
The mortgage of 1876 is held by the C ny of Indianapolis.
4o 8,169, inclusive (not listed), are reserved for old securities.
Ohio A Miss, general mortgage b inds were all deposited for exchange,
Belvidere Delaware,—
Owns from Trenton, N. J., to Manunka
b u t bonds o f the other issues to a considerable aggregate still remain Chunk, N. J., 6 7 miles; FlemingtonRR.,&o., 14 miles; operated cut-off, 1
outstanding—
exact am ount unknown. These other issues were origi­ mile; total operated, 82 miles. Leased to United Companies, and trans­
nally as follows: 1st consols, $6,613,000; 2d consols, $3,213,000; ferred to Penn. RR. March 7,1876. Net earnings paid as rental. The
SpA ng Div., $2,009,000; Cinn. & Bedford 5s, $135,000; New Albany & first mortgage (convertible into stock) and the $1,249,000 4 per cents of
E ast. 5s, $150,oOO. For term s of exchange see Sept., 1893, S u ppl e m ’t . 1885 7 are guaranteed by the United Companies, and their guaranty
E arnings .—From Nov. 1 to Apr. 30, 1894 (6 months), earnings of assumed by the Penn. RR. under its lease. In 1893, net, $301,959, agst.
«consolidated company were, gross, $3,052,801, against earns, of both $216,141 In 1892; interest on bonds, $143,680, agst. $160,248; interest
companies in 1893 of $3,363,813; net, $1,094,937, against $1,089,630. on rolling stock, $17.865, agst. $26,784. Dividends of 6 per cent are
The combined results of before consolidation are given below :
paid. Stock, $1,150,000 (par $50).
Years—
oross earns.
Net.
Charges, Ac. Bai., surp.
Berkshire.—
Owns from Connecticut State Line to West Stook1892-93..............$6,958,597
$2,207,246
...............
........
1891-92............. 6,877,146
1,961,265
$1,741,257
$220,008 bridge, Mass., 21 miJes. Leased from A pril 1,1893, for 99 years to the
1890-91.............. 6,435,646
1,923, 16
1,714,654
214,262 New York New Haven & H artford a t 6 per cent on stock. Old lease to
1889-90.............. 6,510,762
2,047,711
1,472,185
*575,526 Housatonic is suspende l but not canceled.
Birmingham Sheffield A Tennessee River.— —Sheffield
R oad
—<V.55, p. 297, 5 4 2 , 639, 8 7 9 . 8 9 3 , 8 99; V. 56. p 332,414,440,464,
504, 580, 669,1057; V. 57, p. 341, 721, 763; V. 58, p. 382, 635, 637.) to Parrish, Ala., and branches, 119 miles. E. A. Hopkins, of Philadel­
phia, was appointed receiver in June, 1893. Extension from Parrish
Baltimore & Potomac.— from Baltimore, Md., to South End to Birmingham, 40 miles, is proposed. Stock —$3,275,000: par,
Owns
L
ongBridge, Va., and branch, 44 miles; and from Bowie to Pone’s $100. M ortgage trustee is Knickerbocker Trust Co. E arnings —From
Creek, 49 miles; total, 93 miles—including tunnel in City of Baltimore; July 1 to Apr. 30, 1893 (10 months), gross earnings were $214,366,
leases branch 4 miles; total 97 miles. Controlled by Penn. RR. Co.
against $192,177 in 1891-92; net, $60,470, agst. $72.780 In year
Stock .—$4,914,250 (par $50), of which Pennsylvania RR. owns 1892-93 gross, $233,891; net, $43,026; interest on bonds, $148,750.
$4,081,100 and N orthern Central $622,850. B onds .—Consols are In 1891-92 gross, $227,311; net. $87.650. Matured coupons unpaid
reserved to retire all the prior bonds as they m ature. The first m ort­ June 30,1893. $440,069; car tru sts, $222,763. V. 56, p. 1014.
gage bonds are guaranteed by Pennsylvania RR. and Northern Central.
Boston & Albany.—
Owns from Boston, Mass., to Albany, N. Y„
E arnings .—In year ending Oct. 31,1893, gross earnings, $1,945,571» 202 miles; numerous branches, 104 miles; leased lines, 83 miles; tothl
met (including $300 of “ other income”), $396,647; interest on bonds» operated, 389 miles. A consolidation of December, 1867.
$420,000; int on equipment, $51,853; other charges, inel. $65,452 for
Stock —In 1889 obtained permission from the Legislature to issue
improvements, $ 97 , 494 ; deficit for year, $172,700.
$10,000,000 additional stock, $7,000,000 being for bonds due in 1892,
the rem ainder for improvements. On Jan. 5,1892, $5,000,000 of this
B a n g o r & A r o o s to o k .—Owns from Brownville to Monticello,
Me., 105 miles. The road is being extended tow ard Presque Isle, new stock was issued to retire 7 per cents due Feb. 1.
D ividends —Cash dividends at the rate of 8 per cent yearly have been
.a to ta l distance of 200 miles. I t operates under 999-year lease
■(terms V. 56, p. 204) the Bangor & Piscata. RR., Oldtown to Greenville paid for many years. Stock dividend, 10 p. c. in 1883 and 3 ^ p. o. in 1886.
(Moosehead Lake) 77 m., with its leased line to the K atahdin Iron Wks.,
B onds.—New bonds for $5,000,000 were authorized in Se it., 1893; of
17 miles, and has assumed Bangor & Pisoataquls bonds. Total oper­ these, $2,000,000 to retire bonds m aturing in 1895, balance for con­
ated in March, 1894, 189 miles. Stock authorized and outstanding— struction. V. 57, p. 547. In July, 1894, $3,627,000 had been Issued.
■Common, $1,050,000; preferred, 5 p. c., non-cum., $1,100,000—p a r $100. Bills payable Ju n e 30,1894, $480,500; cash on hand, $2,738,207.
Mortgage trustee is N. Y. G uaranty & Indem nity Co. V. 56, p. 204.
Annual R epo r t .—Fiscal year ends June 30. Report for 1893-94 in
E arnings .—In year ending Ju n e 30, 1893, gross, $184,581; net, V. 59, p. 191, stated th a t of the $528,028 spent during the year for
$67,098; rents and taxes, $52,887.
3d an 14th tracks, elimination of grade crossings and improvements,
Bath & Hammondsport.—
Owns road from Bath, N. Y., to $328,028 were charged to operating expenses and $200,000 carried
Ham m ondsport, N. Y,, 10 miles. Chartered in 1872. Stock , $100,0Q0; forw ard to debit of 3d and 4th tracks.
par,$100. E arnings .—For year 1893 gross, $35,560; net, $19,609;
Year ending June 30—
1892.
1893.
1894.
balance, surplus over interest and charges for year, $4,287.
Gross earnings..........................$9,863,316 $10,169.875
$9,190,276
Beech Creek.— Map adjoining N. Y. Central.)—R oad—J erpey Operating expenses and taxes. 7,403,183
('Nee
7,750,089
6,720,288
Shore, Pa., to Mahaffey, 113 miles; branches, to Philipsburg, to mires,
Net earnings.....................$2,460,133
$2,419,786
$2,469,988
«fee., 36 miles; total, 149 miles; trackage to Williamsport, 16 miles, and
to P atto n 20 miles; to tal operated, 185 miles.
Interest paid.............................. $517,067
$312,900
$381,410
L ease ,
—From October 1, 1890, leased to the N. Y. C entral & Rentals.......................................
78,000
78,000
78,000
Hudson River RR. for 999 years a t interest on bonds and 4 per Cent Dividends (8 per cent)............. 1,800,000
2,000,000
2,000,000
■on stock. Carries mostly coal and coke: in 1892-93, 2,985,127 tons: in
1891 92, 2,799,089 tons. The operating expenses are relatively low Balance, surplus....................... Y $65,066
$28,886
$10,578
since the trains carry extraordinarily heavy loads of freight, the aver­
Ÿ Dt duct Government d a im allowed, $43,006; surplus, $22,060.
age per train in ’92-93 being 515 tons. Average ra te per ton p. mile A 8 c. -(V . 54, p. 243, 762; V. 55, p. 2 5 4 . 3 1 7 , 806; V. 56, p. 247, 754; V.
Stock and B onds.—The bonds are endorsed w ith the New York 57, p. 216, « 9 6 , 5 4 7 , 8‘ 9; Y. 58, p. 224, 817,902; Y. 59, p. 151, 191.)




Septem ber , 1894.
J




RAILROAD STOCKS AND

BONDS.

17

18

INVESTORS’

SUPPLEMENT.

[V l Hx,
o .

Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Tables
RAILROADS.
Bond»—Prinei:
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due
Amount R ate per When
of
For explanation of column headings, &c., see notes of
P ar
Where Payable, and by Stocks—t
ROad. Bonds Value. Outstanding C ent Payable
on first page of tables.
Whom.
Dividend.
Berkshire—Stock 6 p. c. (rental N. Y. N. H. & H art.)
Birm. She/. œTenn. Riv.—1st M., $25,000 p.m., g,c*
Boston < Albany—Stock ($30,000,000 authorized)..
&
Bonds of 1875 not m ortgage..............................c&i
Bonds (not mort.) issued to State for its stock_ r
_
Bonds (not mortgage) for $5,000,000.................. c
Pittsfield & North Adams (leased) s to c k :............
Ware River RR. stock, 7 p. o. re n ta l 999 years ...
Boston < Lowell—S to c k ..’)
t
f
B onds,not m ortgage..
j
Bonds,
do
j
Bonds,
do
Bonds,
do
^Boston & Maine gives!
Bonds,
do
a rental guarantee
Bonds,
do
o*..
for 99 years.
Bonds,
do
c*..
L.&L. and S.&L. bonds.
Nash. &Low plain b’ds
Boston < Maine—Stock, com m on...............................
&
Preferred stock, 6 per cent, non-cumulattve........
Im p’n t bonds (*1,000,000 due Feb., 1905) s. f _
_
Im provem ent bonds...
Bonds (not mortgage) for imp. & ref................ c<fer
Bonds, not mortgage, gold.......................................
E astern RR .certs.ofindebt.lstM ., g.,s.f.,notdm .c
Portsm outh G reat Falls & Conn. 1st mortgage, .c
Boston A Prov.—Stook, 10 p. c. guar. 99 yrs., Old Col.
Bonds, not mortgage__
Boston Revere Beach < L y n n —Stock..........................
&
1 st m ortgage..................
Boston Winthrop & Shore 1st m ort assumed ...
Brooklyn Bath A West E nd—1st m., A. (See te x t). .c
1st rnortg., series B, subj. to call after Jan. 1, ’97.

21

119
389
19
49
_
_

.

.

1889
_
_
1875
1882
1893
1875
1876
1879
1883
1885-9
1892
1893
1880

$100
1,000
100
1,000
....

ÌOO

100
100

1,000
1,000

id o

.

68
_
__

9

8
61
«

61«

Boston 6c Lowell.—oad —Owns Boston to Lowell, 27 miles;
R
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 32 miles; Middlesex Central, 11 m iles; leases—Manchester &
Keene RR., 29 miles (ownedjointly w ith Concord & Mon. RR.); Central
Massachusetts, 104 miles ; Connecticut & Passumpsio, 147 miles; total
leased, 280 miles; total owned and leased, 369 miles.
L eases .—Leased in 1887 for 99 years to the Boston & Maine a t 7 per
c en t on stock till January, 1897, and 8 per cent thereafter
Stock and B onds.—Stock authorized, $6,529,400. In January, 1894,
$400,000 o f 4s due 1913 were issued, and in February $200,000 stock
a n d $200,000 more 4s of 1913 were issued for improvem ents and
•elevator a t Mystic Wharf.
D ivid e n ds sinae 1880— 1881 and 1882, 4 per cent; in 1883, 5; in
In
1884, 5*3 ; in 1885 and 1886, 6 ; in 1887, 6 1« ; in 1888 and since a t rate
o f 7 per cent yearly; b u t see term s of lease above. (V. 54, p. 78.)
Boston 6c Maine.—oad—The system includes the follow ing:
R
L i n a owned.
M ila. Other branches leased............... 637
Boston, M
ass., > Portland, M
o
e.116
_
_
Boston to N H State Line41 Total operated Ju ly 1,1893.. 1,293
. .
C
onw Juno., M to N
ay
e.,
orth Double tra c k .......................2 7 1
Conway, N. H........................... 73 Controls Me. Cent, (which see) .822
Sundry branches.......... ............. 136
Portland & Rochester_
_ .. 55
L i n a leased.
M ila.
St.Johnsbury & Lake Champ. 131
B oston to Sherbrooke, Can ....2 9 0
York H arbor & B eao h .......... 11
The leased lines include: Boston & Lowell, Central of Mass., Nashua
A Lowell, Northern of N. H., Worcester Nashua & Rochester, Con­
necticut River, etc.—for term s of leases see each company.
Organization, E tc . -In 1890 a consolidation was made w ith the
E astern Railroad of Massachusetts and the Portsm outh G reat Falls &
Conway, on term s in V. 50, p. 589. Authority to consolidate w ith its
o ther leased lines was granted in 1891. In January, 1893, authority to
acquire th e Concord & Montreal was sought from the M assachusetts
Legislature. See V. 56, p. 205, 463, 668. From Jan. 1,1893, the Con­
necticut River Road was leased for 99 years. See Y. 56, p. 245.
In October, 1892, Mr. McLeod became President, a n d m May. 1893,
resigned, th e Reading having sold its stock. An agreement w ith N. Y.
N. H. &H. regarding division of territory was made in ’93. (V. 56, p.464.)
, Stock .—Common stock authorized, $21,819,300; preferred stock
653,149,800; outstanding in May, 1894, as in table above. In 1891-92
$4,592,100 stock w as issued to stockholders a t par. (V. 52, p.
164,349,) and in July, 1892, $750,600 more was authorized to re tire
the stock of the Chelsea Beach, &c., roads, mostly owned by B. & M.
Of the common stock $945,200 held by m ortgage trustees of E astern
RR. and $374,400 held by B. & M. Ju n e 30* 1893, draw no dividends.
D ividends .—On preferred in full to date. On common since 1880:
Year.. 1881-85 ’86 ’87 ’88-89 ’90 ’91 ’92-93 ,------------- 1894.------------- ,
Per cl.
8
9^2 10
9 9^2 9
8
F b . l ^ May
A ug.li«
B onds.—In 1892-93 issued $2,500,000 of 4 per cent bonds, of which
$1,500,000 to retire a like am ount of 7 per cents due Jan. 1,1893, and
$1,000,000 for improvements, etc. In December, 1893, $6,000,000
4*2 per cent plain bonds (no sinking fund) were sold to fund floating
debt and to retire $2,0o0,000 of 7 per cents due Jan. 1,1894. See also
leased lines, Boston & Lowell, Conneetii u t River and St. Johnsbury &
Lake Champlain, for bonds sold by them in December, 1893.
There were outstanding Ju n e 30, 1893, $3,235,000 loans and bills
payable. Charleston land m ortgages are $597,300. Jointly with
Maine Central guarantees $300,000 P ortland Union Ry. Station bonds.
L atest E arnings.—For 12 months from Ju ly 1 to June 30 from oper­
atio n of road w e re :
12 mo8. Gross earns.
Net.
Oth. income. Charges.
Bal., surp.
1893-94. $15,962,277 $5,128,600 $625,962 $4,346,779 $1,407,783
1892-93. 17,225,326 5,521,252 577,226 4,000,918
2,097,560
A nnual R eport .—Fiscal year changed to end June 30. Annual
m eeting second Wednesday in October. Annual report 1892-93, for
nine months to June 30, w as in Y. 57, p. 635. For the f u ll years ending
Ju n e 30 earnings were as follow s:
Year E nding June 30.
1891.
1892.
1893.
Miles operated............................
1,210
1,210
1,293
Passenger depa tm e n t.............. $8,172,085 $8,488,289
p9,237,474
F reight d e p a r tm e n t............ 7,184,805
7,262,675
8,012,811
Miscellaneous.............................
25,630
32,830
7,701
T otal...................................... $15,382,520 $15,783,794 $17,257,986
Oper, expenses, excl. ta x e s
10,083,498 10,335,890 11,708,363
N et earnings......................... $5,299,022
Total net, inelud. other income. 5,651,865
I n te r e s t......... ........................... 1,147,548
R entals............. : . . . . . . ......... .
2,011,800
T axes...................
710,238
Dividends..................................... 1,390.816
Sinking fund................................
72jl99

$5,447,904
5,875,194
1,177,791
2,013,845
695,352
1,354,890
72,129

$5,549,623
6,092,759
1,101,650
2,167,414
726,136
1,580,155
80,414

Balance, surplus........................
$319,264
$561,187
$436,990
-HV. 56, p. 82, 205, 245, 289, 463. 464, 668, 835; V. 57, p. 3 4 1 ,6 3 5 ,
638, 853, 938 ; V. 58, p. 305, 866 ; V. 59, p. 331.)




100,000

18,738,425
3,149,800
1885-7
1,500,000
1887
1,919,000
1892 1000&C. 2,500,000
1894
1,000
6 ,000,000
1876 $ & £
8,911,325
1877 500&C. 1 ,000,000
100
4,000,000
’88-’93 1,000
2,170,000
100
850,000
1,000
1877
350,000
1886
1,000
289,000
1887
1,000
250,000
1,000
250,000
1887
100
1,000
1,000

119
73

$600,000
2,975,000
25,000,000
1.990,000
3,858,000
3,627,000
450,000
750,000
6,329,400
500,000
750,000
620,000
250.000
3,675,000
1 ,000,000
1 ,000,000
426,900

See text. Q.—J. Stockbridge '»’roasurer.

Oot., 1894

7 per an. J. & J.
do
do
See text. J. & J.
Boston, a t Office,
M. & S.
7
do
do
6
J. & J.
do
do
5
J. A J.
do
do
4 1 M. & N.
«
do
do
4
Various
do
do
A. & O.
4
do
do
4
F. & A.
do
do
6
A. & O.
do
do
J. & J. Nashua. Co.’s Office.
5 g.
See text. See tex t
Boston, a t Office.
6 per an. M. & S.
do
do
4
F. & A.
do
do
F. & A.
4
do
do
4
F. & A.
do
do
J. A .T
_
6 g. M. & S. Bost.: Lond.. Baring Br.
41« J. & D.
Boston a t office.
10 pr.an. Q.—J. Boston, Of., Sears Bldg.
4
J. & J.
do
do
See text. J. & J.
Boston.
6
J. & J. Boston, Of. A tlantic Av.
5
M. & S.
do
do
5
J. & J. N. Y.. Seligman & Co.
A. & O.
5
do
do

Ju ly 3, 1894
July 2 , 1894
Mch. 1 , 1895
July 1 , 1896
July 1 , 1899
May 1 , 1903
1905-6-7-9
Apr. 1, 1932
Feb. 1 , 1913
Oct.l897&’98
July 1 , 1900
Aug. 15,1894
Sept. 1 , 1894
Feb.,1905&’07
Feb. 1 , 1937
Aug. 1, 1942
Jan. l. 1944
Sept. 1 , 1906
June 1 , 1937
July 2 , 1894
July 1 , 1918
July 2, 1894
July 15,1897
Sept. 1 , 1906
Jan. 1, 1907
Jan. 1, 191

5 g. A. & O.
In default.
Apr. 1 , 1929
8 per an. Q.—M. Roston.Of.Kneeland St. Sept. 29,1894
6
J. A J.
do
do
July 1, 1895
5
A. & O.
do
do
Apr. 1 , 1902
4
A. & 0.
do
do
Oot. 1 , 1913
5 per an. J. & J.
do
do
July 2, 1894

Boston 6c N. IT Air Line.—e N. Y. N ew H aven & H artford.
.
Se
Boston 6c Providence.—
Owns Boston, Mass., to Providence, 3 . 1
44 m iles; branches, 20 m iles; leases to North Attle iorough, 4 miles '
Leased for 99 years, vpril 1, 1888, to Old Colony RR.; rental, 10 per
cent yearly on stook. Old Colony to Ju ly 1,1892, had invested «¡1,671,938 in road on lease improvem ent account.
Boston Revere Beach 6c Lynn.—
Owns narrow-gauge road
from Lynn to E ast Boston, Mass., 9 miles, connecting with Boston by
•jompany’s ferry boats; Boston, Winthrop & Shore Div., E ast Boston to
Winthrop, 5 miles, w ith branches 3 miles. Notes payable (net) June
30, 1894, $89,635. D ividends: From 1888 to 1891 inclusive, 7 o.’
per ann.; in 1892, 5 1 ; in ’93,5 p. o.; in ’94, Ja n ., 2 1 p. c.; July, 2 p. o.
«
«
Earnings .—In year ending June 30, 1894, gross, $301,383; net, $95,521; interest, $38,342; taxes, $14,679; d ivid en ds,5 p. ct., $42,500. In

189293, gross, $317,471; net, $96,258. (V. 55, p. 297; V. 56, p. 289.
754; V. 57, p. 2S9.)
’
Brooklyn 6c Brighton Beach. Owns double-track road from
—
Atlantic Ave. corner Franklin Ave., Brooklyn, to Brighton Beach, L. I.,
7*a miles. Sold in foreclosure in Oct., 1887. Connection is to be made
w ith Kings Co. Elevated by extension along Franklin Ave. Stock is—
common, $500,000; pref., $500,000. Stock assessed 31« p. c. in 1893.
In year 1893-94 gross earnings were $91,183, against $98,713 in 1893;
net, $8,587, against $19,150; interest and other charges, $42,915.
“ term inal property,” $32,577; b dance, deficit, for year, $66,905.
Total deficit June 30,1894. $269,652. On Ju ly 1, 1894, loans and bills
payable were $325,350. In terest due in Sept., 1893, was paid Nov. 29,
1893. Mar., L894, coupons were paid May 1 a t Cen. Tr. Co. Pres., Gen.
J . Jourdan, Brooklyn. (V. 55, p. 506; V. 57, p. 426; V. 59, p. 421.)
Brooklyn Bath 6c West End.—
Owns double-track road from
Brooklyn, Fifth Avenue and 36th Street, via B ath Beaoh and Bensonhurst to Coney Island, 6 *« miles, w ith trackage to 39th Street Ferry.
Electricity introduced early in 1894. Leased May 1,1893, for 41 years
to A tlantic Avenue RR. Co., which owns the capital stock and on May
17,1894, held the $448,000 outstanding consols. See Brooklyn Traction
Co. in ” Miscellaneous Companies.”
Securities .—Common stook, $500,000 (par $100). Preferred, $52,000Increase of stock to $1,000,000 w as authorized in June, 1893. V. 57,
p. 2 1. Real estate m ortgages $37,983. The series A bonds are subject
to call a fter Jan. 1,1897.
E arnings .—In year ending June 30,1894, gross $107,304, against
$108,513 in 1893; net, $L9,392, against deficit, $9,840; interest, $34,222; deficit for year, $14,830. (V. 55, p. 5 0 6 ; V. 57, p. 21, 7 7 0 ; V. 59,
p. 514.
Brooklyn Elevated.—
Owns from Fulton F erry and Brooklyn
Bridge to E ast New York, 5-73 miles; Broadway and Lexington Avenue
to Broadway Ferry, 2-78 miles, and Myrtle Avenue to Adams Street and
Brooklyn Bridge, 4*82 m.; branch to Greenwood, 3*58 m.; Seaside & B. B.
E. R R .to Cypress Hills, 1*4 m., and to 65th St., 1 8 m.; total, 20*11 m.
H isto r y .—In October, 1890, consolidated w ith the Union Elevated.
On completion of the Seaside %Brookly n Bridge Elevated RR. eonsolidatie n with th a t company will take place.
Stock .—Stock is $13,283,600 (par $100).
B onds .—When n et earnings suffice, a sinking fund will purchase
Brooklyn Elevated 2d 5s if obtainable a t 90 and first 6s a t 105—no
bonds drawn. Union Elevated first m ortgage is for $7,000,000; the
second for $2,500,000; trustee of both, Central T rust Co. Abstracts in
Y. 49, p. 583. See also V. 48, p. 129; V. 49, p. 471.
The Seaside Company's mortgage is for $4,000,000, of which $3,000,000 for the construction and equipm ent of the roads north of Sixtyfifth Street and $1,000,000 for those south of it. V. 55, p. 722.
Loans and bills payable Ju n e 30,1894, $300,000; receivable, $275,496.
E arnings .—1 month, J 1894, gross, $131,495; net, $50,037
Ju ly 1 to Ju ly 31.
\ 1893, gross, 138,528; net, 49,251
A nnual R eport .—Fisca l year ends June 30. Annual statem ent for

189394, w ith balance sheet, was in V. 59, p. 370, showing:
Year.
Gross.
Net. Oth. income. Int., taxes, Ac. Surplus.
1893-94...$1,755,262
$678,600
$5,917
$811,135 df.$126,618
1892-93... 1,935,683
843,970
11,447
744,309 111,108
1891-92... 1,825,327
794,799
9,327
661,374 142,752
—(V. 57, p.342, 5 9 4 ,5 9 5 ; Y. 58, p. 42,307,864; Y. 59, p. 115 ,3 7 0 .)
Brooklyn 6c Rockaway Beach.—
Owns road from E ast New
York (Brooklyn) to Canarsie Landing, Jam aica Bay, 31« miles (of which
3 miles double track), and operates ferry to Rockaway Beach. Rails
50-56 pounds steel. Does a large sum m er excursion business, running
42 trains daily each way. Stock is $150,000; par, $50. D iv id e n d s .—
In 1890 and 1891, each 5 per c e n t; 1892, 6 p er c e n t; 1893,10 per cent.
In 1892-93 gross earnings were $75,965; net, $30,878; fixed charges,
$13,172; surplus for year, $17,706. In 1891-92 gross, $72,250.
Buffalo Bradford6c Pittsburg.—
Owns from Carrollton, N. Y.,
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie & W estern for 499 years. Rental, 7 per cent on out­
standing bonds, $40,600 a year. Capital stock, $2,286,400; par $100.
Advances by lessee to Ju ly 1,1892, $243,544.
B u f f a lo C r e e k .—Owns 6 miles of term inal road in Buffalo, N. Y
In January, 1890, leased for term of charter less one day, to th e

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[V l I ix ,
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Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables

RAILROADS.
INTEREST OR DIVIDENDS.
tsonds—Princi
Miles D ate Size, or
Amount
pal, When Due
For explanation of column heading, &e., see notes of
of
Par
When
Outstanding Bate Per Payable When Payable, and by Stocks—Last"
|Road. Bonds Value.
on first page of tables.
Cent.
Whom.
Dividend.
Brooklyn Bath dt West E nd—(Concluded)—
2d M. for $100,000, subj. to call after July 1 ’96. 6 J3 1891 $ 1,000
$52,000
5
J. & D. N. Y., Seligman & Co. June 1 , i 9 ll
1,000
6 ^ 1893
General mortgage, $1,000,000, gold................... c*
448,000
5 g. A. & O.
do
do
Oct. 1 , 1935
Brooklyn dt Brighton Beach—1 st m ortgage............c
1,000
712 1887
500,000
5
M. & S. Mar., ’94, pd. M a v l.’94. Sept. 1 , 1927
Brooklyn Elevated—lstm ., gold, s. f., not draw n.. .c*
6 1884
1,000
3,500,000
6 g. A. & O. N. Y., Cent. Trust Co.
J, 1924
2d m ortgage, gold, sinking fund, not draw n_ c*
_
6 1885
1,000
1,250,000
do
do
5 g. J. & J.
July M 1915
Union EL, 1st M.,$550,000 p. m., gold,assumed.o*
11 1887
1,000
6,150,000
6 g. M. & N.
do
do
May 1 , 1937
2dM .,inc., non-eum., $185,000per mile, gold.c*
11 1887
1,000
2,068,000
J. & J.
do
do
5 g.
Jan. l, 1927
Seaside & B’klyn B. 1st M. gold, guar. p. & i. .c&r
4 1892
1,000
1,500,000
5 g. J. & J. N. Y., Cent. Trust Co. July 1, 1942
Brooklyn dtRockaway Beach.—1st M., $350,000, g. c* 313 1891
300,000
Brooklyn, N. Y.
6 g. M. & N.
May 1 , 1931
Buff. Brad, dt Pitts.—Gen. M. (10,000 acres la n d ). .r
26 1865
1,000
580,000
7
J. & J. N. Y. L. Erie & W. RR. Jan. 1, 1896
Buffalo Creek—1st m ortgage.................................... r
6 1882
1,000
250,000
6
J. & J. N. Y., Farm ers’ L. & Tr. Jan. l, 1907
Consol, mortgage for $1,000,000 gold................ c*
6 1891
1,000
238,000
do
do
5 g. J. & J.
Jan. 1 , 19H
Buff. N . Y . dt Erie —
Stock (7p. c. rent. N.Y. L. E.&W.) 142 . . . .
100
950,000 7 per an. J. & D. N. Y. L. Erie & W. RR. June 1 , I 893
1 st m ortgage........................................................... c* 142 1876
1,000
2,380,000 7 per an. J. & D.
do
do
June 1 , i 9i 6
Buff. Roch, dt Pitts.—
Stock, ^ p re f., 6 p. c. non-cum. 334
100 12 ,000,000 See text.
N. Y., 36 Wall Street.
See text.
R. &P. IstM , gold, Rochester to Salam anca_ c* 108 1881
_
1,000
1,300,000
6 g. F. & A. N. Y., Union Trust Co. Feb. 1 , 1921
R. & P. consol, m ort., $20,000 per mile, gold, g.c*
1882
1,000
3,920,000
do
do
6 g. J. & D.
Dec. 1, 1922
B. R. &P. 1st general M. ($10,000,000) gold__ c* 272 1887
1,000
4,118,000
5 g. M. & S.
do
do
Sept. 1 , 1937
R. & P., car trusts, $675,000 are gold..............c*
Var’s
1,000
844,000 5 ,6 & 7 Various N. Y., Gallatin Bank. Var. to 1900
Lincoln P ark & Charlotte 1st m ort.,gold,guar. c*
11 1889
1,000
350,000
5 g. J. & J. N. Y., Union T rust Co. Jan., 1939
B. R. & P. car trusts, $220,000...............................
1894
130,000
5
June 1 , 1895.
Buffalo dt Southw.—IstM ., gold, int.guar. by Erie.c*
67 1877 50 &c.
1,500,000
6 g. J. & J. N. Y., F irst Nat. Bank. July 1 , 1908
Buffalo dt Susg.—l s t M., $15,000 p. m., g., s. f .c*<fcr
62 1893 500 &c.
853,000
Oct., 1013
5 g- A. & O. N. Y., H. Fisk & Sons.
_
Burlington Oeaar Rapids dt Northern—Stock............ _
....
100
5,500,000 See text. F. & A. N. Y., Com Exch. Bank. A u g .l, 1894
1st mortgage........................................................c*&i 369 1876 lOO&c.
6,500,000
5
J. & D. N. Y., Central Trust Co. June 1 , 1906
IowaCity &W est.,lstM .,g.,int.gu.,red.at 105.c*&r
73 1879
1,000
584,000
7 g. M. & S.
do
do
Sept. 1 , 1909
C Rap. I. F. &N. W., IstM . g., guar.,red. a t 105
ed.
55 1880
1,000
825,000
do
do
6 g- A. & O.
Oct. 1 , 1920
Consol. 1st M., gold, guar. (See text) $4,000,000. c . . . . 1881
1,000
1,905,000
5 g. A. & O.
do
do
Oct. 1 , 1921
B.C.R.&N. con. IstM . &col. tru st,g o ld ..........e*&r All 1884 l , 000&c 5,841,000
do
do
5 g. A. & O.
Apr. 1 , 1934
Minneapolis & St.Louis, 1st mort., gold (assumed)
12 1877 500 &c.
150,000
7 g. J. & D. N.Y. Continental Trust. June 1 , 1927
Butte Anaconda dt Pacific.—1st mort., $3,000,000.
1893
5
(Î)
(1)
1923
Oalgary dt Edmonton—IstM ., red. a t 110, Ju ly 1,’96 3Ö0 1890
ii ’d ¡81,140,400
o
London.
6 g. J. & J.
July 1 , 1910
Lehigh Valley and the N. Y. Lake E rie & W estern, which together own
entire capital stock of $250,000.
Buffalo New York; & Erie.— from Buffalo, N. Y., to Cor­
O wns
ning, N Y., 142 miles. Leased in 1863 to the Erie Railway Co. for 490
.
years, and new operated by the New York Lake Erie & W estern Com­
pany. Rental, $238,100—viz., 7 per cent on stock and bonds, and
organization expenses. Dividends and interest paid directly by lessees.
Buffalo Bochester & Pittsburg Railway.— Map.)—Oper
(See
atesfrom Buffalo and Rochester, N. Y., to the bitum inous coal regions
around Walston, Pa., 334 miles in all, including:
Lines owned in fee—
Miles.
Leased—
Entire s f k own'd— Miles.
Buffalo Creek, N. Y., to Howard
Johnsonburg & Bradford RR.~
June., P a ......................
80
Howard June, to Mt. Je w e tt. 20
Clarion Juno., to W alston, P a . 66 Lincoln P ark & C h a rlo tte.._ 11
_
Rochester to Ashford, N. Y_ 93 P erry RR..................................
_
1
Thrt e branches to m ines.......... 13 Clearfield & Mahoning—if
Trackage—
Clearfield to Beech Creek RR. 26
Erie—Mt. Jew ett to Clarion J . . 20
Buffalo Creek RR. into Buffalo,- 4
Total OfSee this Co.)............334
Organization , etc .—Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in October, 1885. In April, 1890, con­
trolling Interest in the stock was purchased by a Buffalo syndicate,
headed by the Bell, Lewis & Yates Coal Mining Company, a certain
coal tonnage being guaranteed to the railroad for five years. See V.
50, p. 560, 589. The entire capital stock of the Rochester & P ittsburg
Coal & Iron Company is owned.
In May, 1893, the Clearfield & Mahoning RR. w as completed and
leased, and its securities guaranteed. The road affords connection
w ith the Beech Creek a t Clearfield, and o utlet for coal to seaboard. See
C. & M On June 1st, 1893, the proprietary line, the Johnsonburg &
.
Bradford RR., was opened, replacing Erie trackage.
D ivid e n ds .—On preferred, in 1892, 5 ; in 1893, Feb., I 1 p.o..
*
B onds.—Of the general m ortgage (trustee Union T rust Co. of N. Y.)
for $10,000,000, there were $6,000,000 reserved for prior bonds. The
general mortgage 4s cover 22 miles of road built since 1887.
There are also $5,000 incomes due in 1921 , m ortgages on real
estate for $314,500, and $20,000 Perry RR. guar. 7s due 1902.
General F inances .—The change in control in 1890, m entioned
above, greatly improved this company’s business, and large expendi­
tu res have since been made to p u t road in first class condition. In
year 1892-93 $1,000,000 general 5s were issued for new equipment,
new road from Howard Junction to Mount Jew ett, Pa. [Johnsonburg
& Bradford RR., 20 miles to replace Erie trackage], etc. Gold car
,
tru sts for $470,000 were issued in 1892-3. Loans and bills payable
Ju n e 30, 1894, $820,605.
E arnings .—One m o n th ,) 1894, gross, $271,151; net, $94,109.
Ju ly 1 to Ju ly 31.
51893, gross, $317,310; net, $108,557.
A nnual R eport .—Fiscal year ends June 30. The anim al meeting is
held a t New York on the third Monday in November. The report for
1892-93 in full was in V. 57, p. 852, 855. In 1892-93 carried 1,924,275
tons of coal, against 1,675,684 tons in 1891-92. E arnings for 1893-94
given below.
Year end. June 30— 1891.
1892.
1893.
1894.
Gross earnings..............$2,511,484 $2,947,106 $3,308,740 $2,780,276
N et earnings................ $628,974
$756,726
$857,235
$729,841
Other income................
30,674
52,555
45,724
39,547

B onds .—Mortgage is for $2,000,000 (Mercantile T rust Co., Trustee)
See abstract in V. 57, p. 639, and application to the N. Y. Stock
Exchange in V. 58, p. 1036. Bonds cannot be issued to exceed $15,000
per mile of road completed and equipped. The mortgage is also a lien
on about 89,394 acres of tim ber lands, estim ated as worth $1,700,000
The sinking fund will retire each year th a t proportion of the outstand­
ing bonds indicated by the years the bonds have yet to run, purchas­
able in the open m arket, or subject to call a t par in order of numbers
beginning with the highest. I n July, 1894, $47,000 bonds were redeemed
by the sinking fund.
E arnings .—8 mos. 5 gross, $181,692 ; interest, etc., to date, $37,363
Oct. 1 to May 31, ’94. ( net,
$92,372 ; balance, surplus,
$55,009
—(V. 57, p. 547, 639; V. 58, p. 1034, 1035.1036.)
Burlington Cedar Rapids &Northern.—
Operates as follows
Lines owned in fee—
Leased—A ll slock owned—
Burlington, la., to State Line,
Iowa City & W estern RR.,
Minn, (including 11 miles
Iowa City toW hat Cheer,&c. 73
leased)....................................... 241 Cedar Rapids, I. F. & N. W.,
State Line to Albert Lea, Minn.
Holland, la., to Watertown,
(leased)_________
12
So. Dak., &c.......................... 493
Branches owned to Postville,
Ced. Rap. & Clinton RR., Ac. 111
Riverside, Holland and Dav­
enport............................
204 operated Jan. 1,1894.1,134
Total
of which 1,085 miles are steel rails, An extension was being built from
Forest City to Esther ville, la., of which 46 miles completed m 1892, but
work has been stopped.
H istory .—Successor to the B urlington Cedar Rapids & Minnesota
RR. Co., foreclosed June 22,1876. Leases in perpetuity the Iowa City
& Western and Cedar Rapids Iowa Falls & N orthwestern, Cedar Rapids
& Clinton and Chicago Decorah & Minnesota railways.
Stock .—Authorized, $30,000,000; outstanding, $5,500,000; par, $100.
The Rock Island Co. is understood to be a large stockholder.
D ividends —F irst dividend (Us per cent) was paid in February, 1893;
in August paid 1*3 p. o.; in 1894, Feb., l^ j p. c.; Aug., m p. c.
B onds .—
Iowa City dt Western bonds are guaranteed as to interest
and are subject to call a t 105; see guaranty V. 56, p. 695. Cedar
Rapids I. F. dt N. W. bonds are guaranteed, principal and interest,
and so endorsed; the 6s are subject to call a t 105; of the 5 per
cents of 1881 $825,000 are reserved to retire the 6s and certain others
are deposited as collateral under the B. C. R. & N. consol, mort. There
are also 5 per ceuts issued under a $10,000,000 mortgage of 1884,
which are all deposited as security under B. C. R. & N. mortgage
of 1934.
Of the B. O. R. dt N. 5s o f 1884 (Central Trust Co., Trustee', bonds are
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds m ay be issued a t $15,000 per mile for single and $7,500 per mile for second track, the to tal author, issued not being limited..
Minneapolis dt St. Louis bonds due June, 1927, num bered from 1,101
to 1,400, for $500 each ($150,000 in all), were assumed by the Bur­
lington Cedar Rapids & N orthern Railroad. Due on equipm ent Jan­
uary 1, 1894, $44,000.
E arnings .—7 months, \ 1894, gross, $1,986,175; net, $470,640.
Jan . 1 to Ju ly 31,
) 1893, gross, 2,159,631; net, 460,455.
A nnual R eport .—Fiscal year ends December 31. A nnual meeting
ts held on last Tuesday in May. Report for 1893 was in V. 58, p. 813.
Year ending Bee. 31-- 1890.
1891.
1892.
1893.
Miles operated.........
1,046
1,083
1,090
1,134
Earnings—
Total receipts....... $659,648
$809,281
$902,959 $769,388 Passenger................. $716,484
$798,708
$938,514
$973,815'
Interest on b o n d s....
$496,357 $518,781
$554,247 )
F reight...................... 2,430,457
2,928,628
3,249,818
3,084,481
In k on floating d e b t..
15,841
23,709
24,030 >$848,417 Mail, express, & c...
157,041
159,003
166,457
166,458
R e n ta ls .....................
72,984
73,195
72,981 >
Total gross e arns.$3,303,982 $3,886,339 $4,354,789 $4,224,754
Balance, s u rp lu s ..... $74,465
$193,595
$251,701 def.$79,029 Op. exps. and taxes. 2,487,835
2,613,643
3,193,141
3,078,435
—(V. 55,p. 257,806,855, 894,937; V. 56, p. 207, 247,502,668,752,972;
Net earnings........ $816,147 $1,272,696 $1,161,648 $1,146,319V ,5 7 ,p .3 0 0 ,8 0 9 ,8 2 5 ,8 5 2 , 8 5 5 , 893; V .58,p .2 2 4 ,774; V. 5 9 ,p.332.)
P.c. op.exp.to earns. (75-29)
(67-25)
(73-32)
(72-86)
Buffalo Jk Southwestern.—
Owns from Buffalo to Jam estow n
105,256
24,410
22,922
36,94g
N. Y., 67 miles. In July, 1880, leased to the New York Lake Erie & Other receipts........
W estern for 99 years—a t 35 per cent of gross earnings, but interest on
Total net incom e... $921,403 $1,297,106 $1,184,570 $1,183,268
bonds guaranteed. Rental m year ending Ju n e 30, 1893, $133,042,
778,055
810,680
788,180
against $144,516 in 1892; surplus over interest $37,022, against $48,- Interest on debt........ 775,479
375 ; dividends, $33,028. Stock, $471,833 common and $471,833 7
Surplus over in t.. $145,924
$519,051
$396,390
$372,588
per cent preferred; par, $100. Common stock shares dividends after 7
328,896
323,281
332,259
on preferred. Dividends—On common, in 1889,1890 and 1891,1 per Add cash assets........ 235,990
Deduct im pts., & c... 150,314
632,871
279,197
811,634
cent; in 1892, August, 2 per cent ; none since.

Buffalo & Susquehanna.— Map.)—Owns from Keating Sum­
(See
m it, on the Western New York & Pennsylvania RR., to Galeton, Pa., on
the New York Lake E rie & W estern RR., 49 miles, w ith branches 26
miles; total, 75 miles, of which 13 miles have been in operation since
1885 ; the rem aining mileage was completed in Sept.. 1893. E xtension
Galeton to Ansonia, 13 miles, completed in A ugust, 1894. The road
passes through an extensive tim ber section (upwards of 220,000 acres),
to which it affords an outlet to Buffalo on the west, and to New York
and Philadelphia, via connecting lines, as shown by accompanying map.




Cash assets Dec. 31. $231,600

$215,076 *def.$82,985 sr,$416,672

* Add sale of bonds $514,000; balance, $431,015.
-(V. 54, p. 6 4 1 ; V. 55, p. 1036; V. 56, p. 7 9 1 ; V. 58, p. 813.)
Butte AnacondaA Pacific.—
Completed in 1893 from Butte t©'
Anaeonda, Mont., 27 miles. Bonds for $2,000,000 were to be issued at.
once and balance a t $40,000per mile of completed road. Operated by
G reat Northern.

Septem ber , 1894.]

RAILKOAD

STOCKS

AKD

BONDS.

« i

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bond«—Princi­
INT
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Dae.
Miles Date Size, or
Amount
P a r Outstanding Rate per When Where Payable, and by Stocke—L ast
of
For explanation of column headings, &e., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
$100 $ 12 ,000,000
California Pacific—Stock...................................
N.Y., S.Pac.Co., 23 Br’d. Jan. 1, 1912
2,232,000
4Îag,
1,000
114 1867
1st mort., gold (ext’d in 1887)...................
Jan. 1, 1911
do
do
1,595,000
1,000
4 12g.
2d M.t goLa,gu.p.&t., end. by Cen. Pac., ext. m ’91 114 1871
July 1, 1905
do
do
2.998,500 3 g. & 6 g.
500
3dM.. gold, guar.by Cent. Pac. ($1,000,000 are 3s) 114 1875
1,280,550
50
Cambria c6 Clearfield—Stock, $2,150,000 au th .......
1,000
1,279,000
80 1891
5 g- J. & J Phila., Of., 233 S. 4th St. Jan. 1, 1941
1st M. ($2,000,000) gold....................................... c*
Phila., Of., 233 S.4th St. Sept. 15,1894
1,258,150 See text.
50
79
Camden & Atlantic—Stock ($880,250 of it pref.)
Oct. 1, 1899
do
do
& O.
497,000
6
1,000
79 1879
2d m ortgage............................................ - -............ c*
Ju ly 1, 1911
do
do
& J
1 ,000,000 5 & 6
1,000
79 1881
Consol.mort. ($650,000 are 5s; balance 6s coupon).
J.30& D
Dec. 31,1903
do
do
5
385,000
1893
Debenture certificates........................................ - - -.
Ju ly 1, 1911
do
do
J. & J
5
100,000
1,000
12 1891
July, 1894
381,925 6 per an. J. & J Phila., Penn. RR. Co.
25
31
Camden Burlington County—Stock.......... ...........
Feb. 1, 1897
do
do
F. & A.
350,000
6
31 1867 500 &c.
1st mort., guar. p. & i. by Pa. RR. Co................ c’
Apr. 1, 1920
Philadelphia.
100,000
1,000
7 1890
5 g- A. & O
Camden County—1st M., g., gu., p. &i. Phila. & R,c'
2 ,000,000
Canada A tlantic—Common stock..............................
1 ,000,000
Preferred stock.........................................................
Jan. 5, 1909
3,450,000
1,000
5 g. J. & J
1 st mortgage, gold................................................. o’ 142 1889
100 15,000,000 See text. F. & A N. Y ., Gr’d Cent. Depot. Aug. 1, 1894
456
Canada Southern—Stock...........................................
J. & J N. Y., Union Trust Co. Jan. 1. 1908
5
1,000 13,923,707
404 1878
Mch. 1, 1913
do
do
M. & S
5
404 1883 LOOO&c 5,650,000
100 65,000,000 See text. F. & A, N. Y., 59 Wall St. & Lon, Aug. 17,1894
Canadian Pacific- -Stock (See te x t).
Apr. 2, 1894
London, Co.’s Office.
*1,320,000 4 per an.
Pref. stock for $a,uuu,uuu, non-eum. i»ee t o x d - . j
Montreal.
1899 & 1910
5 & 6 Various
*100 &e $1,823,333
Can.Cent.RR.lst and 2d m orts.,lstM .s.f.,dr.at 10? . . . .
1902 & 1904
do
A. & O
7,000,000
5
’82-’83
Quebec Prov. due on Q. M. O. & O. and N. S. RR
Montreal,N.Y.or Lond’n Oct. 1, 1931
1881 500 &C. 3,426,000
5 g- A. & O
Can. Pacific, land more, gold (redeem a t 110) —
5 g. J. & J. London, Baring B. & Co, Ju ly 1, 1915
2,856 1885 £100 &c 34,998,633
1 st mortgage debenture sterling...
Ju ly 1, 1937
do
do
5 g. J. & J.
183 1888 *100 &c 3,650,000
1st mort. on Algoma Branch, gold.
Ju ly 1, 1938
do
do
3Ljg. J. & J.
1888 *100 &c $15,000,000
Land g rant bonds, int. gu. by Can. Gov’t.
London, Comp’ys office Irredeemable.
4
J. & J.
39,819,675
1889
Consolidated perpetual debenture stock.
1,000 $2,544,000
213 1884
5 g- J. & D. N. Y., 59 WaB & London Ju n e 1, 1934
325 1887 *100 &c *1,330,000
5 g- J. & J. London, Baring B. & Co. Jan. 1, 1937
Apr. 20,1904
do
do
A. & O.
*99,600
5
North Shore Railway* 200,000
(6) 4 15J.&D. Can. Pac. office, London, June 15,1910
b. 58 1876 *50 &c
„
,
OQ_ .,
v.„ I by reduction of its interest charges, received more than two-thirds.
Calgary & E d m o o t o n . - O m s 29Z j^ } ifla ^ fiQ^0an i, n ^ atnnt'fhy The contract provided for a re-apportionm ent every five years,
Canadian Pacific, from Calgary _on the Canadian Pacific, north and in December, 1892, it was agreed to give the Canada South­
erly to Edmonton, 190 m ile s.a n d southerly to F ort Maclead, 107 e ra 40 per cftnt and the Mich. Cent. 60 p e rce n t of the first $1,000,mfies. Leased a t cost of operating t ^ J o l y l , 1896, to the Canadian 0 00of
earnings, any am ount over th at to be divided on the basis
Pacific, which a t th a t date has the privilege of retiring the first m ort- of one-third and two-thirds, as - - - - ” ’ - iw *
before. — • adds to Canada Southern’s
This -- - a
gage bonds a t 110. The am ount requisite in addition to the Govern­ share ju st *2 p. c. per annum on its capital stock. V. 55, p. 1078.
m ent subsidy (of *16,000 per annum for 20 years for transportation of
D iv id e n d s since 1880—In 1881, 21 per cent; in 1882, n il; in 1883
a
Government freight) to provide the interest on the bonds to Ju ly 1,
3
1896, has been deposited in trust, to be used for th a t purpose, it having and 1884, 2 ; in 1885 and 1886, nil; in 1887, 1888 and 1889, 2 * ; in
1890, 3 * ; in 1891, 2 V , in 1892, 3 ; in 1893, 3 per c e n t; in 1894, Feb.,
2
been derived from land sales. The land grant was 1,920,000 acres, of
which 605,000 acres are held by the Government against the subsidy 13t per cent, of which *2 e x tra ; Aug., l i t p. c.
B onds .—In terest on the 1st m ortgage is guaranteed by the New York
and by the Canadian Pacific Railway under the lease. See V. 54, p.
Central till 1898 but the principal is not guaranteed. V. 56, p. 696.
$47. Stock $1,000,000; par $100.
A nnual R eport .—Report for 1893 in V. 58, p. 986, showed Canada
California Pacific.—
Owns from Vallejo, Cal., to Sacramento, Cal.,
fiO miles; branches to Calistoga, &c., 55 miles; total, 115 miles. In Southern’s share of n et earnings as $456,648, against $380,712 in
1892; other income, $7,320; balance income previous years, $176,632;
November, 1886, leased for 50 years to Southern Pacific Company.
Rental, $600,000 per annum. Capital stock, $12,000,000; par, $100. total, $640,600; dividends $450,000; to tal surplus Jan. 1,1894, $190,In 1893 gross earnings, $1,359,455; net, $638,936, against $691,739 600. For latest earnings see Michigan Central.—(V. 55, p. 2 1 ,1 0 7 7 ,
In 1892; taxes, etc., $48,297; rental, $600,000; loss to lessee, 1 0 1 4 ,1 0 5 6 ; V. 57, p. 1082; V. 58, p. 9 8 6 , 1072.
$9,361. Lessor's account, rental, $600,000; paid interest, etc.,
Canadian Pacific.— —Owns from Montreal to V
R oad
ancouver on
$351,396; surplus to lessor, $248,604.
the Pacific Coast in British Columbia, 2,905 miles. There are branches
and
owned of 1,249 miles, and
leased
Cambria & Clearfield.— operation from Cresson to Glen lines;auxiliary lines jointly; 776 miles operated2,232 miles of for ac­
In
miles used
independently
Campbell Junction, 48 m ile s; branches, 49 m ile s; total, count 56 owners, including the Calgary & Edmonton RR., making the
■97 miles. Stock—
authorized, $2,150,000 (par $50); paid in whole of
system on January 1,1894, 7,218 miles, of which 6,327 inoluded
$1,280,550 all owned by the Pennsylvania RR. Co., which operates
traffic returns and 215 miles
construction.
the property under an arrangem ent term inable a t option of either inAlso controls the Minneap. St.underSault Ste. Marie (1,278 miles) com­
P. &
party. Net earnings are paid as rental. A full abstract of the mortgage pleted Sept., 1893, affording a direct route from the West to St. Paul and
was in V. 52, p. 976. In 1893 gross earnings $256,224, against $150,- M inneapolis; also controls D uluth South Shore & Atlantio, 584 miles,
140 in 1892; net, $57,460, against $31,764.
and in February, 1893, acquired D uluth & Winnipeg—which see.
H istory , E tc.—Incorporated Feb. 18,1881, under charter from Do­
Camden4 Atlantic.—
Owns Camden, N. J., to Atlantic City, and
minion of Canada, receiving $25,000,000 in cash as a subsidy, also
branch, 62 miles; Atlantic City to Longport, 6 miles; Chelsea Branch RR.,
1 mile; ferries, 2 miles; operates Philadelphia Marl son & Medford Rail­ 25,000,000 acres of land, all to be fit for settlement. The O ntario
& Quebec, Montreal to Toronto Junction, 334 miles, was leased in 1883
road—Haddonfield to Medford, 12 miles; total operated, 83 miles.
and its stock
bonds guaranteed. In July,
Stock , E tc.—Preferred stock is entitled to 7 per cent if earned, and- for 999 years, Brunswick Ry.and 990 years.—(See V. 51, p. 113.)1890,
leased the New
for
to as high as paid to common if more th an 7. Pennsylvania RR. owns
Stock .—The Dominion Government guaranteed and paid 3 per cent
$234,100 common and $451,950 preferred. There are other bonds and
dividends per annum on the stock from November, 1883, till August,
m ortgages outstanding, $88,300.
1893. Preferred stock
interest
D ividends since 1880: On common, in 1880,3'•a per cent in preferred be non-eumulative, wasfor $8,000,000, to bear 4 per cent 10,1893, and
scrip, and none since; on preferred, in 1880, 3 ^ in scrip; in 1882, 4; in improv. and equip.; but authorized by stockholders May issued. for
only *1,320,000 of this stock was
1884,7; in 1887, 5; in 1888, 2hi; in 1889, 3; in 1894, Feb., 4 p. o. Sept.,
D ividends paid—On common in 1883, 2*2 per cent; in 1884, 5; in
2*2 p. o.
1885,4; from 1886 to 1889 inclusive, 3 p. o. yearly; from 1890 to
E arnings . -From Ja n . 1 to Ju ly 31 (7 m onths)—
1893, inclusive, 5 per cent yearly, but only 2 per cent of it from
7 Mbs.
Gross.
Net. Int., rentals, etc.
Balance. earnings; in 1894, Feb., 2 ^ p. c.; Aug., 2 ^ p. o. On preferred in April,
$122,741
$85,7L4
s ’ir.$37.027 1894, a t ra te of 4 p. o. per annum. A fter 1894 dividends on oommon
1894=......- ..............$484,147
1893...................... 465,487
70,926
77,383
def. 6,45. will be paid in April and October.
Annual R eport .—The report for 1893 in V. 58, p. 511, show ed:—On
B onds , D ebenture Stock , G uaranteed B onds , E tc.—In May,
main line and branches, gross earnings, $843.324; net, $182,085, 1888, the company relinquished its exclusive right to operate in Mani­
against $137,553 in 1892; other income, $10,274; interest on bonds toba lines to the international Boundary, receiving the Dominion Gov­
$87,970; rentals, &o., $53,872; extraordinary repairs, $12,558; sur­ ernment. guarantee of interest on $15,000,000 of land grant bonds.
plus, $3 ‘,959, against $4,393 in 1892. (V. 54, p. 7 2 0 ; V. 56, p. 9 7 1 ; These bonds are a lien on 15,444,200 acres of land subject only to $3,V. 58, p. 4 2 9 , 511.)
426,000 land g rant bonds of 1881, which are redeemable a t 110 .
As to consolidated debenture stock see V. 49, p. 116. V. 58, p. 596.
Camden& Burlington County.—
Owns from Camden, N. J., to
In June, 1890, company agreed to guarantee the principal and inter­
Pemberton. N. J., 23 m iles; branch, Burlington, N. J., to Mount Holly, est of $20,000,000 4 per cents, to be issued by the Duluth South Shore
7 m iles; total, 30 miles. Operated by the Pennsylvania Railroad, & Atlantic; also 4 per cent interest on bonds of the Minneapolis St. Paul
w hich guarantees bon is, principal aud interest, and 6 per cent on stock & Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) Of
Lease rental, $44,415, yielding 6 per cent on stock and bonds. Stock, the Dul. S. S. & At. consols it owned Jan. 1,1894, $14,600,000.
$381,925; par $25. Dividends in Jan. and July. In 1893 gross, $269,To the Atlantic < Northwest Railroad, crossing the State of Maine,
6
756; net, $50,658, agst. $70,939 in ’92; profit to lessee in ’93, $6,243.
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
Camden County.—
Owns from Mt. E phraim to Spring Mills, N. J.
St. Lawrence d Ottawa bonds are endorsed w ith the Canadian Paoifio s
>
7 miles. Controlled by Philadelphia & Reading.
acceptance of a 999 years’ lease a t a rental sufficient to pay 4 per cent
interest ou bonds, and the bondholders’ agreem ent to accept In tere st
Canada Atlantic.— Ottawa, Canada, to Rouse’s Point,Vt., 142
Owns
of 6 per cent as
miles, w ith bridge over St. L aw rence; trackage to St. Albans, 24 miles. a t 4 per cent (instead of priucipal duringform erly), and to refrain from
continuance of lease.
Leases for 99 years the Central Counties Ry., extending from Glen demanding paym ent
The New Brunswick Railway consolidated debenture stock has
Robertson to Hawkesbury, 21 miles. The Ottaw a A rnpnor & Parry Interest guaranteed by C. P.; interest on the first mortgage bonds,
Sound Ry. is being built in the interest of this company from Ottaw a though not guaranteed, is paid out of rental under 990 year lease.
to P arry Sound, 248 miles, of which on the eastern end about 142 miles,
L ands.—Lands unsold D ec.31,1893, were 15,792,388 acres of Can­
O ttaw a to Long Lake, was completed and in operation in Aug., 1894,
a n d on the western end 40 miles was completed. Trustee of mortgage adian Pacific grant and 1,09 3,086 acres of M anitobaSouthW estern grant.
of 1889 is Farm ers’ Loan & Trust Company. Stock , $2,000,000 com­ Total sales iu 1893, from both grants, w ere 107,348 acres for $352,847,
mon and $1,000,000 preferred. E arnings in year ending June 30, against 392,467 acres for $1,355,618 in 1892; net from town sites,
1893, were, gross, $571,372, against $570,697 in 1892; net. $201,322, $15,244, against $344,552. See V. 56, p. 838.
ag ain st $201,420; interest on bonds, $172,500; balance, surplus, $28,G en era l F inances .—In addition to 3 per cent dividend guaranteed
822. In 1890-91 gross, $558,831. (V. 51, p. 493.)
by Government till August, 1893, 2 per cent yearly was paid out of
In 1893
Canada Southern.— Map New York Central < Hudson River earnings.company’sit was decided to place $4,000,000 on speoial deposit
(See
6
bankers to meet any possible deficiency a t any tim e
Railroad.)—R oad —Main line from Suspension Bridge station, includ­ with the
5 per cent
ing the Cantilever Bridge to Windsor. Ont., 226 miles; branches to in m aintaining dividends a t $4,866,667 on the ordiaary stook. See V.
56, p. 810. In 1893 issued
consol, debenture stook. As to
Courtright, Ont.,eto., 230 miles; total, 456 miles, of which 98 miles are preferred stock, see a preceding paragraph.
nominally owned by proprietary companies. Double track, 98 miles.
E arNings.—7 mos.,
\ 1894, gross, $9,655.378; net, $2,760,499.
Organization , Contracts, E tc .—The Company was chartered in
Canada February 28,1868, and debt readjusted in 1878. In Nov., 1882, Jan u ary 1 to Ju ly 31, 5 1893, gross, $11,323,264; net, $3,760,207.
A nnual R etort.—Fiscal year ends Dec. 31. A nnual m eeting is held
a close contract was made with the Michigan Central for 21 years
from January 1,1883. providing for the paym ent to Canada Southern a t Montreal on the second Wednesday in May. The report for 1893 in
o f one-third the joint income o v e rall fixed charges, but Mioh. Central, full was in V. 58, p. 593, 596.




» 2

m VESTOKS’

SUPPLEMENT.

[V l Hx.
o.

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.

RAILROADS.
Miles Date Size, or
F or explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
Canadian Pacific—( Concluded)—
Ontario & Quebec stock guaranteed In perpetuity 334
$100
Ont. A Que. deben., interest guar, in p erpetuity..
....
Toronto Grey A Bruce, 1st M., gold, int. as rental. Ì9Ó 1883
£100
New Brunswick Ry. 1st M.,gold,int.from rental, c* 174 1884
£100
Perpetual consol, debent, stock, int. guar..........
Cape Fear < Yadkin Val.—1st M iseries A,gold.o*&r Ï50 1886 $1,000
6
1st M., Ser. “ B,” gold (2d on 233 tu.)_. . ____ c**r
73 1886
1,000
1st ., series C, gold (2d mort. on 225 miles.).c*<fcr
82 1886
1,000
Consolidated mortgage $15,000 per mile,gold.e*&r 329 1889
1,000
8. Car.Pac. (leased) IstM .State line to B ennettsv. 10*2 1884 100 Ac.
Carolina Central—Stock.......... ................................... 276
1st mortgage, gold, (Wilm. to Shelby, 240 m .). .c* 240 1881
1,000
2d and 3d mortgages, gold, income, non-cuniul. ,r 240 1881
1,000
Carolina Currib. Cap < Chic.—1st M., gold.......c*<fcr
&
25 1882
1,000
Carson dt Colorado—1st M. for $3,500,000,g..s.f.c*<fcr 300 1892
1,000
Carthage < Adir.—IstM . $1,600,000 g..gu.p.Ai.c*&r
t
43 1892
1,000
Carthage Water.& Sack.Har.—1st M. g.,gu.n.&i.end.
30
1891
Catasauqua < Fogelsville—Debs, ext., g., 88’ & ’93.
6
1878
1,000
Oatawissa—Prei. stocks, 7 p. o. gu. P. & R. See te x t '9 8
50
Mortgage bonds........................................................ 0 93 1870 500 Ac.
1 st mort., assumed by Philadelphia & Read.......r
1882
500
Catskill Mountain—F irst mortgage.......................... * ïé 1885
....
1 st income bonds........ i .............................................
1885
Cayuga & Susq —Stock, 9 p. c. rental D. L. & W . .. . *84
"30
Cedar Falls <■Minn.—Bonds on 2d div. sink. fund, c*
£
61 1866 500 Ac.
Cent. Br. U. P.—1st M. Ateh. A P. P. RR., gold.......c 100 1865
1,000
Fund int. (mort.) bds. (coup, held in trust) gold.c 100 1879
1,000
2d m ortgage (Government subsidy)........ : ............. 100 ’66-7-8 1,000
Central Massachusetts—1st m ortgage.................... c*
99 1886
1,000
Central N. Y.<£ Western—1st mort. $1,000,000, g..c* . . . . 1892
1,000
Central Ohio—Stock ($411,550 of this is preferred).
....
50
Con. IstM . (for $2,850,000) now 1st lien, gold, c 137 1886
1.000
Year ending Dec. 31.
1891.
Miles operated December 31..
5,766
Passenger earnings.................. $5,459,789
F re ig h t...................................... 12,665,540
M ail.expr’ss and miscellaneous 2,115,767

1892.
6,015
$5,556,316
13,330,540
2,522,496

1893.
6,327
$5 656,205
12,673,075
2,633,037

INTEREST OR DIVIDENDS.
Bonds —
Priicil
Amount
pal, When Due
When
Outstanding Rate per Payable Where Payable, and by Stocks—
Last '
Cent.
Whom.
Dividend.
$2,000,000
£4,007,381
£719,000
£600,000
£791,707
$L,500,000
734,000
820,000
1,868,700
104,600
1,200,000
2,000,000
2,700,000
375,000
2,000,000
1,100,000
300,000
135,000
3,200,000
1,300,000
230,500
50,000
238,000
589,110
1,377,000
1,600,000
630,000
1,600,000
2,000,000
242,000
2,860,048
2,500.000

6 per an.
5
4 g.
5 g.
4
6 g6 g.
6 g.
6 g.
6

J.
J.
J.
F.
J.
J.
J.
J.
A.
A.

A
A
A
A
A
A
A
A
A
A

D.
D.
J.
A.
J.
D.
D.
D.
O.
O.

Montreal and London. June 1 ,
Loudon, Morton, Rose. Irredeemable
Toronto and London. July 26, 2882
London.
Aug. I, 1934
do
Irredeemable.
See text.
June 1, 1916.
do
June 1 , 1916.
do
June 1, 1916
Oct. 1 , 1919.
N. Y., 4th N. Bank, Ac. Oct. 1 , 1914

6 g. J. A J. J a n ,,’94, coup, last paid
6 g. J. A J.
6 g. M. A N.
In default.
4 g. J. A J.
New York Citv.
4 g. J. A D.
5 g. J. A J. N.Y.,Grand Cent.Stat’n
6 g. J. A J.
Catasauqua, Pa.
7 per an. M. A N.:Philadelphia Co.’s office
7
F. A A. Phila., Phila.A Read. Co.
6
F. A A. Phila., Phil. A Read. Co.
5
F. A A. C’skill.N.Y..Tan.Nl Bk.
6
F. A A. Dividend paid in 1893.
9 per an. J. A J. New York, 52 Wall St.
7
J. A J. L ast paid July. 1887.
6 g. M. A N. Nov., ’93, coup, last pd.
7 g. M. A N. Nov.. ’93, coup, last pfi.
6
.......
U.S. Treas., a t m aturity.
5
A. A O. Boston Office A Int. Tr.
5 g- J . A J. New York, 15 Wa l St.
6 per an. J. A J. Balt., a t B. A O. office.
419 g M. A S. N. Y.. Union T rust Co.

July 1 , 19201910 A 1915
NOV. 1, 1912;
1941
Dec. l, 1981
July 1 , 1931
July 1 , 1898May 18, 1S94
Feb. 1 , I90o
Aug. 1, ipo 2
Aug. 1 , 1905
Aug. 1 , 1915
Ju ly 2, 1894
Jan. 2, 1907
May 1. 1895
May 1, 1895*
1896, ’97, ’98
Oct. 1 , 1906
Jan. 1, 1943c
July 31, 1894
Sept. 1 , 1930

Catasauqu i & Fogelsville.— from Catasauqua, Pa., to RltR oad
tenhouse Gap, Pa., 27 miles. Opened in 1857, and n 189 ) tfie Pfi la
delphia & Reading acquired control through ownership of a majority of
the capital stock of $426,900 (par, $25.) Debentures due 1893 were
extended a t 6 p. o. till Ju ly 1, 1898, payable p. & i., in gold.
C & ta w is s a .—Owns from Taimanenl, Pa., to Williamsport, Pa., 93
Total earnings..................... $20,241,096 $21,409,352 $20,962,317
Operating expenses................. 12,231,436
12,989,004
13,220,901 miles, and branch. 4 miles. Leased Nov. 1,1872, for 999 years to Phil.
* Reading. Rental, 30 per ct. of gross earnings and $8,000 for organi­
P er ct. of oper. exp. to eam ’gs.
60-43
60-67 ,
63 07
zation expenses. Funded debt was assumed by lessees. There are
Net earnings............................. $8,009,660
$8,420,348
$7,741,416 also chattel mortgage 5s due 1900 $24,500; 7 per cent construction;
bonis due June 1, 1917, $62,000, and other bonds, $185,000. Seven per
Fixed charges........................... $4,664,493
$5,102,018
$5,338,597
Supplem entary dividends....... 1,300,000
1,300,000(38ä) 2,275,000 oent is guaranteed on preferred stocks, of which $ 2 ,200,000 is first pref
Common stock, $1,159,500, par $50. In 1892-93 rental $338,830.
Balance, surplus............. $2,045,166
$2,018,330
$127,819
Catskill mountain Railway.—
Owns narrow-gauge road from
To surplus for 1893 as above add interest on loans and deposits Catskill, up the Catskill M ountain, to Palenville, N. Y., 16 miles; leases
$209,863. Total surplus December 31, 1893, $7,261,732.
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles
—(V. 56, p. 205, 245, 331, 414; V. 56, p. 578, 621, 710, 792, 810, 833, Reorganization after foreclosure of June 15,1885. Stock, $89,000;
par, $100. B onds.—Firsts outetanding ($50,000) were issued for the*
837, 972; Y. 57, p. 255, 375, 721; V. 58, p. 593, 594, 590, 619.)
paym ent of unpaid coupons on old firsts. There are also first incomes
Cape Fear Sc Yadkin. Valley.— operation from Wilming­ for $238,0' 0 and second incomes for $15,200 entitled to interest up to»
In
6 p r cent only when earned. F irst incomes have one vote for each
ton, N. C., to Mount Airy, 248 miles; branches to Bennettsville, etc.,
90 m.; total, 338 miles, of which 10 tn. leased. Mostly 50-pound steel
$100. E arnings.—Year ending Ju n e 30,1893, gross. $49.482; net,
R eceivership .—On Mar. 31, 1894, Gen. John Gill was appointed $21,893; surplus over charges, taxes, etc., $14,205. In 1891-92.
gross, $45,489; net, $19,341. From earnings of 18 J2 paid $3,585 on
receiver.
first incomes in 1893.
B ondholders’ Committee .—W. H. Blackford, W. H. Perot. John A.
Cayuga Sc Susquehanna.—
Owns from Susquehanna River to
Tompkins, Frank T. Redwood, Basil B. Gordon and J. W. Middendorf;
deposit iries, Mercantile Trust & Deposit Co. of Baltimore or Farm ers’ Ithaca, N. Y., 34 miles. Charter expires in 1899. Leased till then to
Delaware Lackaw anna A Western a t a rental of $54,600 a year.
Loan & T rust Co., N. Y. V. 58, p. 1034.
Cedar Falls Sc Minnesota.—
Owns from junction near Cedar
STOCK authorized, $3,000,000; outstanding, $1,972,900, of which
Falls, Iowa, to Minnesota State Line, 76 miles; of which 56 miles iron..
Ju ly 1,1892, North State Im provem ent Co. held $1,608,000.
L ea se .—Leased to Dubuque & Sioux City for 40 years from Jan. 1»
B onds.—F irst mortgage (trustee Farm ers’ Loan A T rust Co.) is in 1867, a t minimum rental ol $113,370 per annum.* See V. 51, p.493.
three series, each a first lien on one division of the road and a second Case has been appealed to the United States Supreme Court. Interest
lien on the otner divisions. North State Improvement Co., virtually the was defaulted January, 1888, and rental is paid into court pending
owners of the road, held the $1,868,700 consols outstanding, and litigation. The Dubuque A Sioux City is controlled by the Illinois Cen­
agreed not to draw interest upon them unless fully earned. December, tra l Stock, $1,586,500, par $100.
1893, coupons of first mortgage were purchased by Farm ers L. & T.
E arnings .—In year 1892-93 gross, $118,346; deficit, a fter payment
Co., acting as agents. V. 57, p. 979. June, 1894, coupons were not
of taxes, $16,436; rental, $113,370; loss to lessee, $129,806.
paid. The coupons have a prior lien under the mortgage.
Central Branch Union Faclflc.— from Atcmson, Kan., to
O wns
A nnual R eport .—Fiscal year ends June 30. Report for 1892-93 in Waterville, Kan., 100 miles; leases Atchison Colorado A Pacific, 255
V. 57, p. 1038, showing gross earnings $549,355; net, $195,446; obli­ m iles; Atchison Jew ell County & Western, 33 miles.
gatory interest charge, $183,240. In 1891-92, gross, $550,552 ; net,
Organ iza tio n .—United States subsidy was $1,600,000. Controlled
$196,591. (V. 55, p. lo34; Y. 57, p. 979, 1038 ; V. 58, p. 81, 178, 305,
594,682,1034.
i by Union Pacific, but leased to Missouri Pacific for 25 years from
Sept.. 30, 1885; rental, net earnings. Accounts payable Jab, 1, 1894,
C a r o l i n a C e n t r a l . —Owns from Wilmington, N. C., to Rutherford- $1.426,008; interest on Government loan accrued and unpaid Jan. 1,
ton, N. C., 267 miles, of which 2*3 miles (the Wil. R. Bridge) owned 1894, $1,944,628. The November, 1893, interest on Central Branch 7sjointly. Sold in foreclosure May 31,1880. Controlled by Seaboard & ' and Atchison & Pike’s Peak 6s was paid in January, 1894. See UJ P,
Roanoke and Raleigh & Gaston. July, 1891, coupon w ent to default.
Stock .—$1,000,000 (par, $100), of which Un. Pac. owns $874,200.
Bondholders’ committee consists of W. H. Blackford, E. N. Rich, F.
D iv id en d s .—In 1885, 5 per cent; in 1886,10; in 1887, 10.
T. Redwood and J. Willcox Brown, of Baltimore, and A. J. Onderdonk
E arnings .—7 m onths,) 1894, gross, $241,419; net, $89,882.
and Charles W. Opdyke ot .New York. I t is understood th a t no receiver
Jan. 1 to July 31. 51893, gross, 277,949 ; net, 91,750.
is to be applied for. V. 59, p. 28 and 228.
In August, 1894, the Seaboard Airj Line guaranteed 4 p. c. per annum In year 1893 gross on the 100 miles Atchison & Pike’s Peak were
for 5 years on the firsts, giving scrip for the rem aining 2 p. c. V. 59, $ 184,620; net, $143,619; other income, net, $5,623; interest on bonds,
p. 331. In year ending Ju n e 30, 1893, gross earnings were $504,193; $140,100; U. S. charges, $15,119; balance, deficit, $5,977. In 1892
net, $91,957; interest, rentals, &c., $130,108; balance, deficit, $38,151, gross, $609,509; net, $243,733; surplus over charges, $90,451. For
against deficit in 1891-92 of $48,012. There are also $181,000 Wil­ earnings of leased lines see Atchison Colorado & Pacific.
Central Massachusetts.—
O wns North Cambridge to Northamp­
m ington Railway Bridge 1st mort. bonds, guaranteed by Carolina Cent.,
Wil. Col. A Aug. and Wil. & Weldon. A consol, mort. for $250,000 upon ton, Mass., 99 miles. The stock is $7,419,202 (par $100), of which
the bridge was authorized in 1893 to retire t h e l s t s as they m ature, $3,949,102 is preferred and controls the company until 8 per
etc. Bills payable Ju n e 30,1893, $238,065 —(Y. 58, p. 1109; V. 59, p. cent dividends shall have been earned thereon in any one year. Leased
28,228.331.)
to Boston & Lowell for 99 years from October 1,1886, a t a rental of 20
per cent of gross earnings up to $ 1 ,000,000, but w ith a guarantee of
C a r o l i n a m i d l a n d . —Owns road m operation from Allendale, S. C., sufficient rental to pay interest. New issue of $500,000 bonds author­
to Severn, S. C., 55 miles. A consolidation in 1891 of the Barnwell and ized by Legislature, but none issued to Ju ly 5,1894.
the Block viile Alston & Newberry RR. Cos. Bonds a t $12,000 per mile
C e n t r a l N e w Y o r k Sc W e s te r n .—R oad —Belfast, N. Y., to Perwere authorized in August, 1891. In year 1892-93 gross earnings were kinsville, 41 miles; branch to Hornellsville, 11 miles; Anglioa, N. Y,,
$60.871; net, $8,072, against $8,614 in 1891-92; fixed charges, $33,102. to Olean (narrow gauge), 40 miles; total, 92 miles, of which only a p art
in operation. The narrow-gauge division is being made standard.
C a r s o n Sc C o j ^ r a d o .—(3-foot gauge.)—From Mound House, Nev., Successor in December, 1892, to Lackaw anna A Southwestern, sold in
to Candelaria,Nev., 158 m iles; Junction, Nev., to Keeler, Cal., 142 foreclosure in 1892. Y. 55, p. 977. Stock authorized, $1,000,000.
m iles; total, 300 miles. Stock, $6,300,000 authorized; $4,380,000 Bonds for $108,000 are in treasury.
issued. Reorganized in 1892. In 1892-93 gross, $213,409; net, $74,E arnings —F or year ending June 30, 1894, gross, $64,833; n e t,
959, against $84,673 in 1891-92; interest, etc., $107,702.
$4,260; deficit under interest and taxes, $10,791. In 1892-93 gross,
$33,639; net, $6,331.
a t u u E g e ec A d i r o n d a c k . —( See Map N. Y. Central.)—Owns from
Carthage to Benson Mines, New York, 43 m iles; branches, 5 ^ miles.
Central Ohio.
—Owns from Bellaire, Ohio, to Columbus, Ohio, 137
The entire stock, $500,000, is owned by N. Y. Central, which in April, miles, of whioh Newark to Columbus (33 miles double tracked) is owned
1893, leased the property in perpetuity and guaranteed its $1,600,000 Jointly with Pittsburg Cin. Chic. & St. Louis; operates branch, 7 miles.
of new 4 per cents, of which $500,000were reserved for improvem ents
L eased to Baltimore & Ohio till
or extensions if desirable. In year 1892-93 gross earnings, $133,080; 35 per cent of gross earnings, w ith1926, w ith option of renewal; re n ta l,
minimum guaranteed of $166,000,
n et $48,775, against $48,273 in 1891-92. (V. 56. p. 502; V. 57, p. 218.) rental in 1892-93 being $464,399, against $474,092 in 1891-92.
Dividends on common stock since 1880 have b e en : In 1881, 6 ^
C a r th a g e W a te rto w iY f& S a c k e t u s J H a rb n r.—(See Map W. Y.
Central.)—Owns from Carthage to Sackett’s Harbor, N. Y., 30 miles. from 1882 to Ju ly 31,1894, both inclusive, 6 per cent yearly.
Controlled and operated by N. Y. Central, which guarantees the bonds.
E arnings.—In 1892-93 gross, $1,326,854; net, $240,043; in terest
Capital stock $465,845 common and $21,500 preferred.
$112,500; taxes about $21,000.




S eptem ber , 1894.]




RAILROAD

STOCKS

AND

BONDS.

9 3

94

INVESTORS’ SUPPLEMENT.

[V L Lix
O .

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
P ar Outstanding R ate per When Where Payably, and by Stocks—Last
of
F or explanation of column headings, &c., see notes of
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Dividend.
OentralPacific—Stock for $68,000,000............
Text.
1st M.,ser. A to I, inch, gold (see te x t)........
146
1st M. S. Joaquin Yal. Br., g. (s. f.) not drawn
737
U. 8. Loan (2d lien on certainterm s).............
West.Pac., old issue, 1st M. S. Jose east’ly 100m..g 100
do
San Jose to Brighton, Cal., series A, g. 123
24
do
series B, 1st M., to Oakland, gold.......
do
Governm ent lien, gold............................. 123
Cal. & 0 . 1st M., ser. A, g. (exte’d )) s. f. yearly, 296
Do
do ser. B, g. (exte’d) 5 not draw n.. 296
Land grant 1st M., gold, guar., extended in 1890.
Mort. gold 6s, 1936, Id. gr. s. f., not draw n..........
Mort. gold, 5s, 1939, Id. gr., guar., s. f., n ot d r’n.c 1,360
Notes due land grant fund ($500,000 due yearly.)
31
Cent. Pa. < West’n.—Wilkesb. & West., 1st M., g.c*
6
Central BR. < B anking Co. o f Georgia—Stock........
&
General m ortgage “tripartite” bonds..................c* 620
Consol, mort. for $13,000,000, gold, red. at llO.c* 311
Collateral tru st bonds, gold, redeemable a t llO .c '
Certs, of debt, payable at option.............................
Equipm ent notes on Ju ly 1 ,1893 ..........................
Ocean SS. Co. 1st mortgage, gold, guaranteed...c ....
Hoboken W harf notes, includingint. to m atur''
' 18
Savannah & A tlantic 1st mortgage, assumed..
Cent. BB. o f N. Jersey—Stock ($30,000,000 author.)
Bonds, secured by consolidated m ortgage of 1874
Consolidated m ortgage (now first m ortgage)... c*
Convert, debentures, convert, into stock till 1907
6
Long Br. & Sea Shore, 1st m.,Sandy H k to L.Br.c’
suejUN

1865-8
1870
1865
1869
1869
1865-9
1868
1872
1870
1886
1889

$100 $67,275,500 See text.
1,000 25,883,000
6 g.
6,080,000
1,000
6 g.
25,885,000
6 g.
1,000
111,000
6 g.
1,000
1,859,000
6 g.
765,000
1,000
6 g.
1,970,000
6 g.
1,000
5,982,000
5 g•
4,358,000
1,000
5 g.
1,000
2,837,000
5 g.
56,000
1,000
6 g.
1,000 1 1 ,000,000
5 g.

1,500,000

4

1872
1890
1887
1881

620,00©
1,000
5 g.
100
7,500,000 See text.
1,000
4,999,000
7
1,000 As collateral
5 g1,000
4,880,000
5 g.
100
4,600,000
6

1890

1,000

1886

1,262,612
1 ,000,000
5 g.
196.000
5
250.000
1890 500 &c.
100 22,497,000 7 per an.
1,167,000
1,000
7
1872
3,836,000
1874
1,000
7
1,000
465,000
6
1883
1,000
197,000
7
1869

See te x t N. Y., S.Pac.Co., 23 Br’d.
do
do
J. & J.
A. & O.
do
do
J. & J. United States Treasury.
J. & D. N.Y., S.Pac.Co., 23 Br’d.
do
do
J. & J.
do
do
J. & J.
Various United States Treasury.
J. & J. N.Y., S.Pac.Co., 23 Br’d.
J. & J. N.Y.,S.Pac.Co.&London
A. & O.
do
do
A. & 0 ,
do
do
A. & O. N. Y. & San Francisco.
New York.
J. & J. July ,’94, int. to be adj’d.
Jan., ’92, div. lastpaid.
J. & J. Ja n .,’92,coup, lastpaid.
A. & O.
M. & N. N. Y., Security & Tr. Co.
J. & J. Jan..’92.coup, last paid.

See text.
L895,’96,’7&’8
Oct. 1 , 1900
1895 to 1898
Dec. 1 , 1895
July 1, 1899
July 1 , 1899»
1895 & 1899
Jan. 1 , I 9i s
Jan. 1 , 1913
Oct. 1, 1900
Oct. 1 , 1936
Apr. 1 , 1939
O ct.l,’94 to ’9©
July 1, 192©
Jan., 1892
Jan. 1, 1893
Apr. 1, 1937
May 1, 1937

1893
J. & J. N.Y., Security & Tr. Co. July
1895
M. & S. Mar.,’92,coup, lastpaid. Mch.
Q .-F . N. Y., Liberty Nat. Bk. Aug.
M. & N.
do
do
Nov.
July
do
do
Q .-J .
May
M. & N.
do
do
Dee.
J. & D.
do
do

to
1,
to
1,
1,
1,
1,
1,
1,

1897
1920
1899
1920
1894
1902
1899
1908
1898

Central ^Pacific.
—(See May o f Southern Pacific.)—L ine op R oad.—
H istory , R eceivership , &c.—This road was w as opened in 1843"
46. In 1888 the Richmond
Trackage—
Miles' the holder of a m ajority of & West Point Terminal Company became
Lines owned—
Miles.
the stock and thereby exercised control
Northern Ry., Main Line________ 6 until April, 1892, when receivers were appointed. See V. 57, p. 59.
San Francisco, Cal., to near
Ogden, U tah......................... 872 Union Paific into Ogden................... 5 The perm anent receivers are H. M. Comer and R. S. Hayes. Fore­
Lathrop, Cal., to Goshen, Cal. 146
under the trip a rtite mortgage has been deferred. Reor­
T o ta l.......... ........................ .1,360 closure salemay preclude necessity for foreclosure. See V. 58, p, 263.
Roseville Junction, Cal., to
ganization
Oregon State L ine............... 296
Branches to San Jose, etc_
_
35
B ondholders ’ Committee composed of Frederick Cromwell, Chair *
man, 32 Nassau street, N. Y., Edw ard N. Gibbs and Adrian Iselin,
L ea se .—In March, 1885, leased to Southern Pacific Company for the Jr., request deposits of trip a rtite bonds w ith N. Y G uaranty & Indemn­
n e t income over charges, b u t not less than $1,360,000 yearly. In ity Co.
Dec., 1893, under a provision th a t its term s might be altered if they *
others,
proved inequitable to either party, the lease was so changed th a t hence­ a Henry P. Talmadge, 68 William Street, N. Y.. and V. 58, p.constitute
committee of holders of “ certificates of debt.”
1034.
forth the Central Pacific stockholders will receive dividends only if
earned. I t is claimed th a t since the lease w as made the dividends
R eorganization .—P lan of reorganization as reported m July, 1894,
have not been earned more th an once. The amended lease was given was given in V. 59, p. 28. P lan of the Thomas-Ryan committee will
be issued shortly.
in fuB in V. 58, p. 819.
Coupons in D efault .—For the last coupon paid on the several loans
Su b sid y .—Interest is not payable on subsidy loan till the bonds
m ature, b u t the “ Thurman ” act provides for paym ents yearly to the see the table above and the statem ents for each of the leased lines.
Interest due May 1,1894, on the collateral tru s t bonds, and July 1,
sinking fund. See V. 50, p. 276. Ju ly 1, 1894, principal due Govern­
m ent on C. P. loan was $25,885,120; interest, $32,036,488; on Western 1894, on the Ocean SS. bonds was paid when due.
Pacific loan, principal, $1,970,560; interest, $2,900,335. P a r value of
Guaranties
securities in U. S. sinking fund Jan. 1,1894, $5,176,500. There are con rentals under , E tc.—See Supplement of July, 1894. There are also
leases, m
charges in Sept., 1892, about
siderable claims against the U. S. for ti ansportation on non-aided lines. $2,500,000 per annum , aking aggregate on floating debt and car trusts.
exclusive of int.
P lan for readjustm ent of G overnm ent claims see Pacific RRs., V. 59,
p. 153.
F loating D ebt .—Total floating debt June 30,1893, was $5,803,025.
The items to be funded were in November, 1892, as follows (see state­
D iv id e n d s —From Feb., 1888, to Feb., 1893, inclusive, 2 p. ct. yearly' m ent V. 55, p. 805): T ripartite bonds overdue, $4,999,000; floating
In Sept.. 1893,1 p. c .; none since. See “ Lease ” above.
debt, $5,232,025; past-due coupons, $427,340; past-due interest on
f B onds .—Of the first mortgage 6s o f r86j- 8, Series A to D, aggregating certificates of indebtedness, $138,000; equipment notes, in which is in­
$6,378,000, cover the road from Sacramento to the California State cluded interest to m aturity, $872,439; w harf notes, in which is in­
line, 140 miles, and Series E to I, aggregating $19,505,000, cover the cluded interest to m aturity, $287,935; additions and improvements
recommended by General Superintendent, $4,575,000; total, $16,531,road from the State line to five miles w est of Ogden, 598 miles.
The s per cents o f i 88g are guaranteed principal and interest by the 739. As security were pledged Cent, of Ga. consols for about$ 8,000,000,
Southern Pacific Com pany; th e m ortgagers for $16,000,000. the Metro­ Sav. & West, consols for $1,628,000, etc.
politan Trust Co. of New York being trustee. (V. 49, p. 340.) Of the
Stock .—Of
am ount authorized $2,250,000 are reserved to retire a t m aturity any Southern Ry. the stock $4,220,000 is held by the R. & W. P. Term, (now
own nam
land grant bonds not redeemed from land sales, and $2,750,000 can oe of the CentralCo.) $220,000 in itsSuit as to e and $4,000,000 in the name
Trust Co., N. Y.
stock see V. 55, p. 422,938.
applied only to the improvem ent or purchase of property on which the
m ortgage shall have a first lien. The land grant j s o f igoo carry South­
L atest E arnings.—From Ju ly 1 to Mar. 31, 1894 (9 m onths), from
ern Pacific guaranty of principal and interest.
combined roads, steam ships and bank, gross, $6,035,834; net, $1,667,Several o f the loans have sinking funds b u t none of the bonds are 751. V. 58, p. 990.
subject to call before m aturity. The to tal holdings of the sinking
Annual R eport .—Fiscal year ends June 30. Following figures are
funds on Jan. 1,1894, exclusive of the land g ra n t fund—which see be­
low—were $8,572,622, including $2,035,000 So. Pac. of N. M. 1st 6s ; from report for 1892-93. (See V. 57, p. 851. ) Of the surplus for 189293, $493,187 w as spent for improvements.
$2,926,350 Southern Pacific Co. Steamship first 6s; $1,788,000 G uate­
m ala Central RR. first gold 6s; also other securities and $120 in cash.
Tear ending June 30,1893. Earnings.
Expenses. Net or deficit.
$722,274
Central R ailroad.......................$2,588,410
$1,866,136
L and G rant .—1 otal land g rant was about 12,000,000 acres, of which Augusta & Savannah...............
T
91,688
163,257
254,945
about 2,828,000 acres had been sold to December 31,1893. Sales in Southwestern, Georgia............. 1,016,769
59,000
957,769
1893, 39,259 acres; cancellations, 45,008 acres. Land contracts on Montgomery & E ufaula................................ 255,131
def.28,020’
283,151
hand January 1, 1894, $1,028,147; cash, $1,126,080; notes of C entral Mobile & G irard.........................
11,532
207,925
196,393
Pacific RR., $1,000,000.
1,568,715 def.297,325
Savannah & W estern.................. 1,271,390
def. 16,874
39,963
Savannah & A tlantic.................
23,089
E arnings .—7 m onths,) 1894, gross, $6,862,065; net, $2,420,230.
5,935
76,360
Macon & Northern......................
82,295
Jan. 1 to Ju ly 31. j 1893, gross, 8,001,349; net, 2,991,874.
303,777
1,803,703
Steamships...................
2,107,480
A nnual R e p o r t .—Report for 1893 was in V. 58, p. 796, 814, 817, B a n k .............................................
3,286
12,406
15,692
showing gross earnings of $14,261,224; net, $5,739,336; net profit
for year under lease, $784,717; deficit under guaranteed re n ta l,'p a id
3,967,853 net.$855,273
T o ta l...................................... $7,823,126
by So. Pacific, $575,283; total to lessor under lease, $1,360,000; other Loss on three auxiliary roads (355 m iles)..
...........
$ 112,201
income, net, $11,011: dividends paid (2 per cent), $1,345,510 ; surplus,
The following shows earnings for a series of y e a rs:
$25,501 In 1892, gross, $14,612,990; net, $5,707,579. (V. 56, p.
9 2 2 , 9 2 9 ; V. 57, p. 1122; V. 58, p. 263, 365,549,715, 7 9 6 , 8 1 4, 8 1 7.)
Tear ending June 30—
1889.
1890.
1891.
!! 1893.
Mileage...............................
1,667
1,743
1,898
2,021
W Central Pennsylvania & Western
—Owns from Watsontown, Gross earnings........$5,844,465
$6,847,997 $7,065,823 $6,256,596
Pa., to Orangeville, Pa., and branch 31 miles. Projected to Williams­ Net, incl. bank & SS.earn. 2,421,270 2,176,391 1,978,971 743,072
port. Successor in 1893 to W ilkesbarre & W estern foreclosed.
Investm ents............
132,368
224,145
284,716
47,705
1,896,193 2,084,471
........
K S to c k .—Capital stock is $5,620,650; par, $50. B onds . - The first Fixed charges.......... 1,668,729
!!No report for full year 1891-92 was issued.
mortgage of 1893 (N. Y. Security & T rust Co., trustee,) is for $5,000,000
gold 5 per cent 50-year bonds and provides for the proposed extension. —(V. 5 7 ,p. 21, 59, 105, 144, 375, 468, 595, 638, 8 5 1 ,8 9 3 ; V. 58. p. 43,
263, 383, 512, 987, 988, 990,1034; Y. 59, p. 28, 277.)
Central RR. of Pennsylvania.—
Owns Bellefonte (Penn. RR.)
Central RR. of New Jersey.— Map)—R oad —
(See
Operates from
to Will Hall, Pa. (on Beech Creek RR.) 27 miles. Opened in Dec., 1893.
Jersey City, opposite New York City, w esterly to W ilkesbarre andf
Scranton, Pa., and the neighboring anthracite coal fields; also south­
■[Central Railroad Ranking Co. of Georgia.— system
&
Tne
erly to th e seashore resorts along the coast of New -Jersey, etc.:
on Ju n e 30,1893, w as made up as follow s:
Lines owned in fee.
Miles. Nesquehoning Valley !f............ 17
Miles.
Lines owned—
Miles. Earns, kept separately—
_
Sav’h to A tlanta and branch. 312 W estern of Alabama!!............ 138 Jersey City to Phillipsburg_ 72 Lehigh & Susquehanna, Phil­
lipsburg to Union June., eto.t.168
Savannah & A tlantic R R ....
18 Georgia R R .!!......................... 314 Sundry branches......................... 84
W ilkesbarre & Scranton 1!....... 5
E ntire stock owned.
P o rt Royal & A ugusta!!....... 112
Lines leased, etc.—
Augusta & S a v a n n ah ^ ........
53 A tlanta & West P o in t!!......... 87 Long Branch & Seashore.......... 6 Lehigh & L ackaw anna !i.......... 35
Other lin es.................................. 9*
E atonton Branch R R ............
22 P o rt Royal & West’n Carol.!!. 227 New York & Long B ranch RR.,
P erth Amboy to Bay H ead... 38 Allentown Term. (oper. jointly) 6
35
Southwest’n & Branches,gu.IT 332 W rightsville & Tennille........
Trackage—
16 New Jersey South’n RR., Long
Mobile & G irard!!.................. 122 Upson County R R ..................
Branch to Atsion, e tc ............ 78 Union Coal R R .......................... 9*
Savannah & W estern!!.......... 622 Gainesville Jeff. & Southern. 65
Pa. Pough. & B oston................. 2
Other lines (no d e b t)................. 130
M ontgom ery& E ufaula!!—
80
Leased (mostly fo r 999 yrs.)Miles.
Macon & Northern!!............... 105
Grand to ta l.......................... 2,660
Total operated Jan . 1,1894.666
Ogden Mine RR. 1!...................... 10
!!See statem ents for each co.
If See this company, t See Lehigh Coal & Nav. in “Misc. Companies
E T otal system proper............1,666 Ocean SS.„Co., est. equiv. of. 300




S eptember 18P4]




KÂILKOAD

STOCKS

AND

BONDS.

2 «£

»6

INVESTORS*

SUPPLEMENT

Vol LIX,
.

Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables

RAILROADS.
INTEREST OR DIVIDENDS.
bona*—FrlndD ate
Amount
F or explanation of column headings, &c., see notes of
of
P ar Outstanding Rate per When Where Payable, and by pal,When Due
Stocks—
on first page of tables.
Road. Bonds Value.
CenC Payable
Whom.
Dividend.

Central Railroad o f New Jersey—(Concluded)—
N. J. So. 1st M., L. B r.to Atsion,etc.(assumed).c*
, Cent.RR.of N.J., Gen. mort. for $50,000,000,g.,c&r
Real estate bond and m ortgages.........................
Lehigh Coal A Nav., mortgage, gold, assumed_
_
Guaranteed Bonds—
Am.DockAImp.Co.lstM ., gu., redeem. a tllO .-.c ’'
N. Y. A L’g Dr’ll 1st M.,red. in 1899 at 110,gold.. .o*
Gen. M., for $2,500,000, g.,P.Amb.to B.Head.c*
Central o f South Carolina—Stock.............................
1st m ortgage, gold..................................
o
Central Vermont—ConsolidatedRR. of Vt. I s tM ...
Cent. Yt. 1st consol. M. for $15,000,000, gold.e&r
Malone & St. Lawrence, 1st mort., gold, g u a r....
St. Lawrence & Adirondack, 1st M., gold, guar.c
Centralia < Cheslet'—1st M. $12,000 perm ., gold.c*
6
Char. O. < Chic.—Old 1st M., g., ($25,000 p. m.).o*
&
Charleston < Savannah—Stock...................................
6
General mortgage, gold..........................................c*
1st and 2d pref. ine., $1,000,000 each, non-oum..
Charleston Sumter < North.—Receiver’s Certificates
&
1st mortgage, $15,000 per mile, gold...................e
Charlotte Columbia <•Augusta—1st mort. consolid.
£
2d m ortgage............. . . . . . . . . . .....................................
Consol, m ort., gold, for $3,000,000, guar. p. & i.c
Atlantic Tenn. A Ohio, stock. See te x t...............
1st m ortgage...........................................................

78
AU.

....

1879
$600
$411,000
1887 500 Ac. 39,960,000
_
....
207,100
1867 500 Ac. 2,310,000

38
38

1881
1882
1891

1,000
1,000
1,000

40
185

1881
1883
1892

lOO&c.

....
....

....

50 1889
See text.

50

1,000

1,000
1,000
1,000
1,000

100
1,000
1,000

103
103

1886
1886

150
191
191
191
44
44

1,000
1890
1869 500 &c.
1872
1,000
1883
1,000

....

1883

100

There are 261 miles of second and 29 miles of four tracks. With the
Balt. & Ohio and the Phila. & Reading operates the “ Blue Line ” be­
tw een W ashington and the Southwest ana New York, ihe B. & O. tracks
being used to Philadelphia, the Reading to Bound Brook and th e Cen­
tra l N. J . to Jersey City. See also Lehigh A Hudson.
H istory .—Chartered in 1849. From May, 1883, to Jan. 1, 1887,
leased to Philadelphia A Reading. Receivers were in possession from
Jan. 1,1887, till January, 1888. Reorganized in 1887 w ithout fore­
closure—see plan V. 44, p. 714, 716. O perated from February to
August, 1892, under lease by P o rt Reading RR. Co. Dividends were
resumed August, 1889 and increased to 1% quarterly in August. 1891.
Concerning coal properties see Lehigh A Wilkesb. in “ Miscellaneous.” *
D ividends .—In 1883, 1*2 per cent; in 1884, 4 ^ ; in 1889, 3; In
1890, 6; in 1891, 6 * ; from February, 1892, to Aug., 1894, both
2
inclusive, 7 per cent, payable quarterly.
B onds.—New Jersey Southern 6s carry the endorsed guaranty of the
New York & Long Branch. Central N. J. general 5s are reserved to
retire them a t m aturity. Total issue $1,500,600, all but $411,000 being
held under the ( entral’s general mortgage.
Of the general mort. o f 1887 (see abstract of mort. V. 45, p 402) $ 8,399,100 on Jan . 1,1894, were reserved for th e prior Cent. N. J. b o n 's
and also for the following: N. J Southern 6s, $411,000; Lehigh Coal
6 Navigation 6s of 1897, $2,310,000; Long Branch & Seashore 7s
$197,000. All the old bonds, it will be noticed, m ature w ithin a few
years. There were also in Aug., 1894, $1,640,900 general 5s available
for other purposes. In terest on the genera« mortgage coupon bonds is
payable J. A J.; on the reg. bond» Q.— trustee is the Central Tr. Co.
J.;
The N. F. < Long Branch is leased jointly by the Central and the
£
Penn. RR. a t a guaranteed rental equal to interest on m ortgage debt,
7 per cent dividends on stock and organization expenses. Its
bonds are guaranteed principal and interest by the Central, which
owns all its stock, and are so endorsed. Of the general 5s $1,500,000
are reserved to retire the 5s of 1882.
G eneral F inances , &c.—The earning capacity of this company has
increased largely since the reorganization in 1888. In 1893 $2,000 000
general mortgage 5 per cent bonds were sold for purchase of Tom’s
R iver & W aretown RR,. for betterm ents, equipment, etc. In August,
*94, $1,500,000 more general s s had been issued for advances to Lehigh
A W ilkesbarre Coal Co. and general purposes.
E arnings.—7 m onths,) 1894, gross, $6,876,249 ; net, $2,241,655.
Jan u ary 1 to Ju ly 31. 5 1893, gross, $ 8 ,4 1 8 ,3 3 6 ; net, $3,253,218.
Annual R eport —Fiscal year ends Deo. 31. Annual m eeting is held
on Friday n e x t preceding second Monday in May. The report for 1893,
in full, was in V. 58, p. 382, 390. (See also editorial, V. 58, p. 366.)
Fear ending Dec. 31.
1891.
1892.
1893.
Passenger and freight......... . $6,906,211 $7,310,422 $6,966,198
A nthracite coal.......................... 7,004,145
6,556,993
6,788,543
Mail, express, etc.......... ............
291,411
351,132
472,709
N. Y. A L. B. D iv isio n ............
451,920
497,689
485,233
T ra c k a g e ...................... .................................
...............
255,273
Total gross earnings............$14,653,687 $14,716,236 $14,967,956
Operating expenses and taxes. 8,526,168
8,821,009
9,117,052
Net earnings......................... $6,127,519
Income from investm ents........ $844,628
Premium account.......................
52,648

$5,895,227
$856,774
127,755

$5,850,904
$868,617
154,918

Total net income................. $7,024,795
$6,879,756 $6,874,439
Rentals paid ............................... $1,897,771
$1,839,442 $1,896,370
2,709,929
2,839,279
Interest on d e b t........................ 2,739,579
Dividends............................... (O^) 1,455,431 (7)1,572,725 (7)1,574,143
Balance, su rp lu s .............
$932,014
$757,660
$564,647
- (V. 56, p. 82. 247, M 3 , 330, 333, 538; Y. 57, p. 422, 894; V. 58, p.
3 6 'I, 3 8 2 , 3 9 0 ; V. 59, p. 291.)
Central Vermont.—
Operates from Rouse’s Point a t the north
end of Lake Champlain across Vermont and Massachuseti s to New
London, Conn,, on Long Island Sound, with branches. The system is
made up as follow s:
Hoad owned. •
Miles.
Leased Lines— non'd.
Miles.
Windsor to Rouse’s P o in t........ 158 Malone A St. Lawrence—Ma­
E ssex J unction to B urlington.. 8
lone, N. Y., to Canada lin e ... 12
Sw anton J unction to Province. 11 M ontreal Portland & B oston.. 40
M ontpelier to Willi’m st’wn,&o. 16 Montreal & V e r m o n t Ju n o ... 23
New London & Northern H .....121
Total owned......................... 193 Ogdensburg & Lake Champ. 11-118
Leased lines.—1 See these co’s.
1
Rutland RR. If............................ 120
Addison RR................................. 15 St. Lawrence & A dirondack.. 20
Brattleboro & W hitehall.......... 36 Stanstead Shefford & Chambly 43
Burlington & Lamoille_ ____ 34
_
Mississquoi V alley .................... 28
Total operated Ju n e 30, ’93..803
H istory .—A consolidation in June, 1892, of th e Central Vermont,
Vermont & Canada, Montpelier A White River and Consolidated Rail­
road of Vermont.
Stock .—Before consolidation Central Verm ont had $1,000,000 stook
and Consolidated of Vermont $750,000 pref. and $800,000 common.




4,987,000
1,500,000
142.000
170.000
300.000
7,000,000
See text.
240,000
400,000
600,000

6
J. & J. N. Y., Liberty Nat. Bk.
5 g. See text.
do
do
5 & 6 Various N. Y., 143 Liberty St.
6 g. J.&D.15 PhUa., Leh.C. A Nav. Co. t>ec. 15,1897
5
J. & J. N. Y., Cent. RR. of N. J. July 1, 1921
5 g. J. & D.
do
do
Dec. 1 , i 93i
do
do
5 g. M. A S.
Sept. 1 , I 94i
6 g. J. & J. N. Y., Cuyler, Morgan. July 1 , 1921
J. & J. Boston, Am. L. A Tr. Co. June 30,1913
5
do
do
4 g. J. & J.
Jan. 1 , 1943
M. & S. New York Agency.
5 g.
Sept. 1 , 1991
5 g. M. & S. New York Agency.
Mch. 1 , 198J
5 g. J. & J. N. Y., Farm. L. A Tr. Co. July 1 , 1919

500.000
1.500.000
2 ,000,000
?*
192.000
2.082.000
6 g.
2 ,000,000
7
500,000
7
500,000
6 g.
400,000 4 per an.
150,000
6

J. & J. N.Y.,12 W.23 A Cha’st’n Jan. 1, Ï 936
Irredeemable.
A. & O.
Apr. 2, 1910
J. A J. N. Y., St «te T rust Co. Jan. 1, 1895
A. A O. O ct.,’93 pd. Oct. 26, ’93 Oct 1, 1902
J. A J. Jan., ’93, coup, last pd. July 1, 1933
A. A O. Apr., ’93, div.'last paid. Apr. 10,1893
A. A 0. Oct. ’93, paid Dec., ’93
1918

B onds.—Of th e consolidated mortgage fours for $15,000,000 [trustee
American Loan & T rust Co. of Boston] $7,000,000 are reserved for the
rettren ent a t m aturity of the $7,000,0« <0 fives due in 1913, and, if the
trustee so requires, an additional $700.000 will be held for same pur­
pose; $ 1,488,000 were to replace certain tem porary bonds and $2,500 000 to pay floating debt, the balance being issuable for permanent
improvements on the system, etc. The m ortgage covers the road
owned and all interest in leases and securities own d. There are 6 per
cent equipment bonds outstanding. No consols sold to June 30,1894.
A nnual R eport .—Fiscal year ends June 30. Report for 1892-93
was in V. 57, p 806; gross receipts, including steam er earnings, were:
Int., rental,
Og. Tran- Balance
Fear.
Cross.
Net.
taxes, <c.
6
sit Co.
surplus.
1892-3..$5,574,398 $1.588,791 $1,471,602 $100,926 $16,263
1891 2 .. 5,450,582 1,664,895
1,449.404
80.551 134,940
—(V. 53, p. 712, 880; V. 56, p. 4 1 ; V. 57, p. 8 0 6 , 979.)
Centralia6c C h e s te r .—(See Map.)—Chartered to build from Ches.
ter, HI., to Altamont, HI., with branch to a point opposite St. Genevieve.
Total distance, 140 miles, including sidings. The section between
Sparta and Centralia, 46 miles, was completed and p u t in operation in
spring of 1893. A t Centralia connection is made with the Illinois
Central. Bonds authorized, $12,000 per mile, covering roadbed, equip­
m ent and term inal facilities; stock issued and subscribed for like
amount. The road is standard gauge and laid with 56-pound steel rails.
The road was not turned over to the railroad company till Feb. 14,
1894, b u t the company states th a t “the earnings for 6 months ending
D c. 31,1893, showed the operating expenses and all fixed charges, in­
cluding int. on the m ort., taxes, etc., and a small surplus on the stock.’»
Charleston Cincinnati6c Chicago.—
Completed in 1890 from
Camden, 8. C. to Marion, N. C., 171 miles. Also in operation in Tenn­
essee from Allesons’ Mills to North Carolina State line, 32 m iles; and
in Kentucky from Richardson to W hitehouse, 8 miles.
Tennessee portion of road was bought by bondholders a t foreclosure
sale in May,1892, and the rem ainder or the property on May 2,1893. See
V. 56, p. 413, 752. Road turned over to purchasers in October, 1893,
and in July, 1894, no new mortgage had been issued. Reorganization
plan V. 57, p. 638. The new company will be called Ohio River &
Charleston.
E arnings.—6 m onths, ) 1894, gross, $81,496; net, $9,791.
Jan. 1 to June 30.
] 1893, gross, 77,497; def., 27, »04.
The Receiver’s report for year ending March 31,1893, showed gross
earnings $155,425, as against $170,245 in 1891-92; and a deficit from
operating of $25,602, as against $15,096 in 1891-92.
Office, 310 Chestnut st, Philadelphia. John J . Collier. Secy and Compt.
—(7. 55, p. 21,145,462; V. 56, p. 413, 668, 752; V. 57, p. 638.)
Charleston 6c Savannah.—
Owns from opposite Charleston,
8. C., to Central RR. a t Savannah, Ga., 115 miles, and branch 6 miles,
all steel. Operates from Ashley Junction to Charleston, 8. C., 11 miles.
Branch to Waterboro, 8. C., 14 miles, is controlled in same interest but
operated separately. Belongs to P lan t system. See Sav. Fla. & West.
B onds.—Interest on first incom es: for 1888, 1*2 per cent, for 1889,
2; for 1890, 6; for 1891, 6; for 1892, 6; for 1893, 5 per cen t; in 1894,
April, 4 per cent.
E arnings.—From Ja n u a ry 1 to June 30, 1894 (6 months), gross
$361,766, avainst $382,557 in 1893. For year 1893 gross $631,973
against $596,528 in 1892, In year to Ju n e 30,1893, gross $625,397
against $650,993 in 1891-92; net $135,073 against $96,509; surplus
over charges In 1892-93 $32,033, against deficit of $39,450 in 1891-92.
—(V. 54, p. 405; V. 56, p. 887; V. 58, p. 81.)
Charleston Sumter 6c Northern.—
Operates from Pregnalis,
8. C., to Gibson Station, N. C., on the Seaboard Air Line, 132 miles, ana
branches, 18 miles. Receiver appointed Jgth., 1892, and receivers’ certitioat s for $300.000 authoriz a, of which $192,000 issued. Reorgan­
ization in progress. Mortgage trustee is A tlantic T rust Co. of New
York. From Jan. 1 to Ju ly 31,1894 (7 months), gross earnings were
$87,336 against $91,399, in 1893. In year ending June 30 1893, gross,
$165,478; deficit from operating, $1,981. (V. 54, p. 168 ,403, 525.)
Charlotte Columbia c Augusta.—
6
Owns from Charlotte, N C
. ..
to Augusta, Ga., 191 miles; leases Atlantic Tennessee & Ohio RR.,
Charlotte to Statesville, 44 m iles; total operated (including 10 of
Western North Carolina), 245 miles.
Sold in foreclosure Ju ly 10,1894, and acquired by Southern Railway.
Coupon P ayments.—Second mortgage coupons due Oct. 1,1893, were
paid Dec. 26,1893, a t Cent. T rust Co.,N. Y. October, 1893, interest on
A tlantic Tenn. & O. firsts was also paid in December. In terest due Jan.
1,1894, on Char. Col. & Aug. firsts was paid May 1,1894, a t Central
T rust Co., N. Y. See below.
R eorganization .—The Rich. & West Point Term inal plan as modi­
fied iu F ebrua’y, 1894, provides th a t this company’s fir st mortgage
bonds shall be undisturbed; th a t the second mortgage bonds shall also
be undisturbed, except th a t three coupons shall be funded into pref.
stock of new company a t p a r ; th a t the consols for $500,000 shall be
exchanged for 100 per cent in the 5 per cent bonds [interest on same
funded from Jan. 1, 1893, to Jan . 1, 1896, including new preferred
stock a t par] and 20 per cent in the preferred stock of the proposed
consolidated company. The A tlantic Tennessee A Ohio bonds are n o t
disturbed but the stook is to be dealt w ith later.

BONDS.
AND
STOCKS
J AILKOAD
R
S eptem ber , 1894. J



INVESTORS’

s s

SUPPLEMENT,

F ol
V .

Lix.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables

RAILROADS.
F o r explanation of column headings, &c., see notes
on first page of tables.

INTEREST
D ate
Amount
of
P ar Outstanding R ate per When Where Payable, and by
Bonds Value.
Cent. Payable
whom.
1871 $ 1,000
$500,000
7
A. & O. Philadelphia, Penn. RR.
100
95,000
1887
200,000
F. & A.
6
Plattsburg, N. y .
145.000
1889
1,000
1,440,000
6 g. J. & D. June, ’91,coup, lastpaid

Bonds—Prlnclpal,When Due,
Stocks—Last
Dividend.
Oct. 1 , 1901

Ohartiers—1st mortgage, gu. p. & i. by Perm. RR,
Chateaugay R R .—Stock...............................................
Chateaugay B’y—1st M, Lyon Mt. to Saranac Lake
Aug." Ï," 1907
Chattanooga Southern—Receivers’ certificates........
1st M. ($15,000 p. m.) gold................................... c*
Deo. ' ï , Ï919
Chattanooga Union—Receiver’s certificates............
(11
Union Railway mortgages.................................. .
’85-’87 1,000
200.000
6
J. & J. July,’91, coup, lastpaid J ’y,’05-Jan’07
Chat. Union consol, mort. for $600,000, gold...c*
1888
1,000
400,000
6 g. J. & J.
do
do
July 1 , 1918
Union Depot 1st M., guar, by Chat. Union, gold.
1890
1,000
150,000
6 g. J. & J.
do
do
1920
Cheraw dt Chester—Stock..............................................
29
50
273,350
October Oct., ’92, div. last paid. O c t,1892
1st & 2d m ortgages ($50,000 are 2ds)......... ” ..! J
29 1877
500
150,000
7
J. & J. July, ’92, coup, lastp d . July, 1897
•Cherry Valley Sharon dt Albany—1st m ortgage_
_
1869
300,000
J./j-D./y
7
Chester dt Lenoir—S tock.............................................. "Ï4
....
100
345,400
A. & O. Oct., ’92, div. last paid. Ju n e 15,1899
Oct.,
1st m ortgage...............................................................
44 ....
350,000
7
J. & J. July, ’92, coup, last pd. July 11892
, 1900
Ches.dt Nash.—lstM .,$25,000p.m .,g.,s.f.,notd’m.c*
35 1887
1,000
875,000
In default.
5 g- F. & A.
Aug. 15,1937
Chesapeake dt Ohio—Purch. money funding, gold c* 428 1878
1,000
2,287,000
6 g. J. & J.
Drexel,Morg.&C
July 1, 1898
Mortgage 6s, gold, series “A” See te x t .. . . . . . o* 503 1878
1,000
2,014,379
6 g. A. & O.
do
do
July 1, 1908
1st m ort., of 1911, Penin. E xt., gold. See text.e*
75 1881
1,000
2 ,000,000
do
6 g. A. & O.
do
Jan. 1, i o n
T er’) 1st m.,1922, covering 8 m., to Phoebus.g.e*
8 1882 50Ó &c.
142,000
6 g. J. & D.
do
do
June 1 , 1922
1st consol, mortgage for $30,000,000, g o ld . .c*<fcr 655 1889
1,000 23,452,000
do
5 g- M. & N.
do
May 1 , 1939
Rich. &All Div. 1st consol. M., gold. See text.c* 256 1890
1,000
6,000,000
4 g- J. & J.
do
do
Jan. 1 , 1989
2d cons. M., Richm. via. Lynchb’g to Clifton F. 256 1890
1,000
1 ,000,000
do
do
J g- J. & J.
Jan. 1 , 1989
Craig Valley branch 1st mortgage, gold............c*
26 1890
1,000
650,000
5 g. J. & J.
do
do
July 1, 1940
Warm Springs Branch 1st mortgage, gold........c*
22 1890
1,000
400,000
5 g- M. & S.
do
do
Men. 1, 1941
General mortgage (for $70,000,000, etc.) gold..c* 1,174 1892
1,000 21,786.000
4*2 g. M. & S.
do
do
Mch. 1 , 1992
Eliza. Lex. & Big Sandy 1st m .,g.,guar. p.& i..c* 109 1872
1,000
3,007,000
5 g. M. & 8.
do
do
Mch. 1, 1902
Ches. & Ohio Equipm ent tru st bonds, gold.......c*
Var.
1,000
118,000
do
6 g. Various
do
Various.
Alleghany Car Trust, Series A, B and C ................
....
160,000
5
Various
do
do
Equipm ent n o tes............................................... .......
__
718,848
6
Various
do
do
Various.
Elevator Co. 1st M.,gold,p. &i. guar, by C. & O.'o*
1888
1,000
820,000
4 g. A. & O.
do
do
Oot. 1 , 1938
2d mortgage, for $500,000, income, non-cum.c*
1888
1,000
315,000
4
Oct. 1.
Oct. 1 , 1988
New River Bridge Bonds, gold............................. ..
1888
1,000
170,000
6 g. M. & N. N.Y., Drexel,Morg.&Co. May 1, 1898
Buok’am Br.RR.lstM ., $15,000 p.m.,g.gu.,p.<fei.c*
18 1892
1,000
260,000
5 g. M. & S.
Richmond.
Sept. 1, 1942
C h a r t l e r s . —Owns from Mansfield, Pa., to Washington, Pa., 23 miles
On Jan. 1,1894, the voting tru st expired. The road is operated in
Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now P itts­ harm ony w ith the Cleveland Cincinnati Chicago & St. Louis.
burg Cincinnati Chicago & St. Louis); the rental is net earnings. In
Capital Stock.—Common stock is $60,469,100; increased from
1893 gross $281,638, against $277,967 in 1892; net, $131,710, against
$120,412; surplus over rentals and fixed charges, $65,882. Capital $45,000,000 to this figure in 1892-93 through exchange of practioallv
stock, $645,300 (par $50), of which the Pennsylvania Railroad owns all the $25,000,000 o f preferred stocks for common stock and general
$333,85 0. Dividends since 1886 as follows: In 1887,1888 and 1889,5 mortgage 4*2 per cents in certain proportions. First Preferred for
per c e n t ; in 1890, 5 ^ ; in 1891, 7 ^ ; in 1892, 8 ; in 1893, 10; in 1894, $45,700 and second preferred for $57,600 only was outstanding Julv
April, 5 p. c.
1,1894. See term s of exchange in V. 54, p. 642.
Bonds.—The series A bonds o f 1878 cover, subject to the purchase
Chateaugay RR.—
Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the Adirondack money 6s, the m ain line from Richmond, Va., via Charlottesville to
M ountains, 73 miles. Of this it owns from Dannem ora to Lyon Mt., Ashland, Ky., 428 miles, and are equally secured w ith the Peninsular
18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranac Extension 6s by first mortgage on extension to Newport News, 75 miles
The consolidated mortgage due in 1939 is for $30,000,000 (trustee’
Lake, 39 miles, and the P lattsburg & Dannem ora RR. (so called),
P lattsburg to Dannemora, 16 m. The la tte r road is leased from the State Central T rust Company), and sufficient bonds are reserved to
of N. Y. for one dollar and th e free transportation of freight to the provide for prior liens. This m ortgage is also secured by deposit in
S tate’s Prison a t Dannemora. The Chateaugay Railway is leased for tru st of the $11,000,000 bonds and two-thirds of the stock of the Mays­
in te rest on its bonds. B uilt in interest of certain iron-mining company ville & Big Sandy RR., Ashland to Covington, Ky., and the Bridge to
an d to carry summer travel to the Adirondacks. In year 1892-93 gross Cincinnati, all owned by the Ches. & O. RR. (See abstract, V. 49, p. 147.)
Richmond dt Allegheny Division bonds cover the im portant freight
^arningH $180,366; net, $64,132; rentals and taxes, $15,261; balance,
route from Richmond via Lynchburg to Clifton Forge and branches
surplus, $48,871. Chateaugay Ry. has $168,000 stock outstanding.
Chattanooga Southern.—
Owns road, completed in June, 1891* All carry 4 p. c. from January, 1894 (Mort. abstracts, V. 51, p. 144.)
The general mortgage o f 1892 (Central T rust Co. and H. T. Wickham
from Tennessee State line to Gadsden, Ala., 86 miles; branches, 3 miles;
-trackage to Chattanooga, 5 miles. In February, 1892, J . W. Burke trustees) is for $70,000,000, but additional amounts a t $25,000 per mil«
may be issued for double-tracking. Of the $70,000,000 as above,
was appointed receiver. Sale of road has been postponed to Oct. 20,
1894. Receiver’s certificates for $255,000 have been authorized. $32,691,000 bonds were reserved to provide for the $30,000,000 con­
Issued as in table, m ainly for rolling stock and improvements. In vear sol® of 1889, issued or to be issued, etc. The balance unissued may be
rolling
etc., b u not
than
1892-93 gross, $86,308; net, $1,656. (V. 54, p. 287,485,886; V. 55, p. sold for new acquisitions,one year. stock, m ortgaget coversmore entire
The
the
722; V. 56, p. 578, 710; V. 58, p. 222.)
v $2,000,000 thereof in any
property of the company, real and personal, a t the time the
Chattanooga Union.—
Owns 43 miles of b elt railroad in C hatta­ deed w as made, and all additional property and mileage
nooga, Tenn., connecting the ten lines entering th a t city. H. S. Cham- acquired w ith the proceeds of the bonds. See full abstract of mortgage
berlain appointed receiver in Feb., 1892. Majority consols deposited in V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. There were issued
v n th Wm. H. Blackford, of Baltimore, Md., and large m ajority of un- in June, 1894, $21,786,000, but listed on New York Stock Exchange
•deriving issues with H. W. Bartol, of Philadelphia (Drexel Building) - September, 1894, $19,674,000, the balance being held in the treasury
pending foreclosure. Road to be sold under foreclosure of first m ort­ for sale a t any time, or due from trustee.
gage on Nov. 15,1894. Receiver’s certificates have been issued.
The Elisabetht’n Lexington dt Big Sandy first m ortgage bonds, interest
Cheraw & Chester.—
Owns narrow-gauge road from Chester to on which has been reduced to 5 per cent, have been endorsed w ith the
Lancaster, S. C., 29 miles v Form erly leased to C. C. & A., b u t not in­ 0. & O. guaranty of principal and interest, aiid general mortgage bonds
cluded in Richmond Term inal reorg. plan as amended Feb. 20,1894. have been set aside to retire them a t m aturity. There are also Man­
chester City 8s, $60,200, and 5s, $36,000.
P resident W. H. H ardin was made receiver in January, 1894.
. Cherry Valley Sharon & Albany Owns from Cherry Valley
—
Operations , F inances, &c.—
Since the reorganization in 1888, when
N. Y., 21 miles. In 1876 road was acquired (through the control of the company was placed for five years in the hands of
Albany & Susq.) by D. & H. Canal Co., which now operates it. Opera- trustees, the property has been greatlji enlarged and improved. It is
stions inclnded in Albany & Susq. reports. Stock, $289,100; par, $50.
operated in harmony w ith the Vanderbilt lines.
The funded debt during the year 1893-94 w as increased $2,564,353
Chester & Lenoir.—
Narrow-gauge road from Chester, S. C., to
Lenoir, N. C., 109 miles, of which 99 miles Is owned. Form erly leased to for improvements, equipm ent, etc. Ju n e 30, 1894, the company re­
C. C. & A., but not included in Richmond Term inal as amended Feb. 20, ported $1,952,598 bills payable issued to pay subscription to stock of
1894. Receivers were appointed in January, 1894, b u t M arch 10 the new steamship line betw een Newport News and Liverpool and improve­
road w as again turned over to the company.
m ents, against which there were $2,241,000 general i ^ s in Treasury.
opened
R eorganization .—Plan of June, 1894, provides for issue of (1.) new This line, form allysteam ers. Sept. 7, 1893, has w harves a t Newport
com. stock, $172,700, in exchange for old com. a t 50 p. c. (2.) New pre­ News and six new
ferred 5 p. c. non cum , $49,000, given for two years’ interest due on
E arnings.—1 m o n th ,> 1894, gross, $809,452; net, $299,304.
1st m ortgage bonds. (3.) New mortgage bonds, $400,000, a t 5 p. c. for
Ju ly 1 to Ju ly 31. 5 1893, gross, $855,114; net, $293,375.
th re e years from Ja n . 1,1895, and 6 p. c. thereafter; $350,000 to replace
Annual R eport .—Fiscal year ends June 30. Annual meeting is
old bonds and $50,000 to build road Newton to Hickory, 10 miles
Bondholders agreed to accept 2 ^ p. o. interest on bonds for coupon held a t Richmond on the Tuesday preceding the last Tuesday in
October. Report for 1893-94 was given in full in V. 59, p. 331 and
(3is p. C.) due Jan. 1 ,1 8 9 5 .
The above plan has been accepted by the stockholders and a maioritv 332, and showed the following. See also editorial p. 309.
of th e bondholders.
te a r ending Ju n e 30—
1892.
1893.
1894.
1,078
1,277
1,363
Chesapeake& Nashville.—
Road owned from Gallatin to Seotts- Miles operated...................
$1,913,187
ville, Ky., 36 miles, and branch, G allatin to H artsville, 12 miles in Passenger earnings..........
$2,356,975
$2,011,977
6,694,953
progress. On December 8,1890, Gen. John Echols was appointed re- Freight................................
7,565,511
6,630,201
396,460
414,324
401,930
8ee v - 51> P- 829. Stock, $1,050,000; par, $100. In. year Express, m ail and miseel.
1892-9B gross earnings on 36 miles, $54,405; net, $13,389, against
$11,761 m 1891-92; paym ents, $4,942.
s
Total earnings............
$9,004,600
$10,336,810
$9,044,108
Oper. expenses
taxes.
6,731,732
7,132,761
6,027,127
Chesapeake& Ohio.— Map.)—Operates from Newport News, Per ct.expensesand earns..
(Nee
to
(75)
(69)
(67)
Va., and W ashington, D. C., to Cincinnati, Ohio, w ith branches.
Lines owned in fee—
Miles.
Lines contr'd by stock, etc. MilesNet earnings...............
$2,272,868
$3,204,049
$3,016,981
Old Point Comfort and New­
Bridges—Covington, Ky., to
Other income....................
23,680
13,366
port News via Charlottes­
Cincinnati, Ohio..................
2
ville to Ashland, K y............ 519 Elizabethtow n Lexington &
Total net income........
$2,272,868
$3,030,347
$3,227,729
Richm ond via Lynchburg to
Big Sandy R R .. ................. 103
$1,798,095
$2,948,112
$2,738,304
Clifton Forge, V a................. 232 Sundry branches..................... 248 Interest on bonds.............
of tracks
10,916
2,622
cr.
Lines controlled by stock, etc.—
Trackage to W ashington.......
85 Rentals grain e le vnet.......
Loss on
ato r....
8,165
14,411
9,789
M aysville & Big Sandy RR.
L ea se d .................
30 Discount and exch’ge, &c.
64,372
50,964
47,374
Ashland, Ky., to Covington, 144
1,363
Balance........................ Sur.$391,320
$18,860
$427,640
Of th e above mileage 19miles is narro w-gauge road. Of the “leased” — . p .4 0 3 ; V. 57, p. 278, 29 7, 300,422, 469, 938, 1122,1123!
(V56,
"21 miles is on E. L. & B. S. and 9 miles on W ashington line.
V. 58 ,p. 816; V. 59, p. 151, 309, 331, 332,
476.)
H istory , &c.—The form er Chesapeake & Ohio was sold in foreolosure April 2,1878, and this company organized. In 1888, under
Chesapeake Ohio & Southwestern.—
Louisville, Ky., to Mem­
th e directum of Drexel, Morgan & Co., reorganized without foreclosure, phis, Tenn., 392 miles, and branch Elizabethtown to Cecilian Junction
and th e road extended to Cincinnati. The consolidation with the Rich­ 6 miles, 398 m iles; of which is leased from Louisville & Nashville th eir
mond & Alleghany was consummated in January, 1890. The E lizabeth­ Cecilian branch, 46 miles. Also operated separately the Ohio Valley
tow n Lexington & Big Sandy and other roads were absorbed in 1892. Ry., Hopkinsville via Princeton to Evansville, Ky., branches, etc., 160
In September, 1893, the Chesapeake & Ohio Steamship Co., controlled m iles.; and the Hodgensville & Elizabethtown and the Troy Tiptonby this oompany, began operations. See below and V. 55, p. 1078.
ville railroads, 16 miles in all, m ost of whose securities are owned.




_

BONDS.
AND
STOCKS
Ra ILJROAD



30

INTESTORS’

SUPPLEMENT.

[V ol . L1X

Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables
Bonds—P rt^j
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
FOr explanation of column headings, &o., see notes of
P ar Outstanding R ate per When Where Payable, and bv pal, When Due.
of
Stocks—Lsst
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Ohesapeake < Ohio—(Concluded.)—
6
Greenbrier & New River RR. bonds....................
$1,000
M. & N.
$327,000
5
Richmond.
Aug. l , 1942
Ohes. Ohio dt Southwestern.
Paduc. & Eliz.,lstM.,s. f., dr’n a t 100($300,000 8s) 186 1877
1,000
500,000 6 & 8 F. & A.
See text.
Feb. 1 , I 897
C. O. & S. W. 1st mort., gold ($19,000 per mile).c* 352 1881
1,000
6,176,000
do
6 g. F. & A.
2d mortgage ($11,000 per mile)...................... c* 352 1881
1,000
F. & A. Aug., ’93, coup, last p’d. 4 U& 1. 1911
3,865,000
6
4-Ug. 1, 1911
Equipm ent tru st bonds, not draw n........ ....... c* . . . .
1,000
Semi-an
....
685,000
6
New York City*
June, 1901
Chicago < Alton—Common stock...............................
6
100 18,764,200 8 per an. Q.-M . 5 N. Y., Cuyler.Morg’n ) Sept. 1 ,/1894
Preferred stock (7 percent yearly not cumulative)
100
3,479,500 8 per an. Q.—M. ( &Co &Chic.Tr. Office s Sept. 1 1894,
Gen. M., Joliet to E. St. Louis & br., sterling. ..c* 322 1873
1,000
4,379,850
fi g. J. & J. Lond’n,J.S.Morgan&Co. July 1 , 1903
S.f. bonds (K. C. St.L. &C. IstM.col.).gold,not dr’n . c* 162 1878
1,000
1,853,000
6 g- M. & N. N. Y., Cuyler,Morg.&Co. May 1 , 1903
Kansas City St. L. & C. pref. stock, guaranteed.. 162
100
1,750,000 6 per an. Q .-F .
do
do
Aug. 1, I 894
Joliet & Chic., 7 p.c. stock, perpet.,guar. by C.&A.
100
38
1,500,000 7 per an. Q —J. N. Y., U. S. Trust Co.
Oct.,
St. L. Jack. & Ch., 2d M.(now 1st), end. by C.& A.
1,000
37 1868
J. & J. N, Y.,Cuyler,Morg.& Co. July 1 ,1894
188,000
7
1898
2d mortgage, Bloomington to Godfrey,assumed 150 1868
1,000
J. & J.
42,000
7
do
do
July 1 , 1898
Louisiana & Mo., guaranteed preferred stock_
_ 101
100
329,000 7 per an. F. & A.
do
do
Aug. 1, I 894
1st mort. bonds, assumed by Chic. & Alton....... 101 1870
1,000
F. & A.
439,000
7
do
do
Aug. 1, 1900
1st mort. (interest guaranteed Chic. & Alton)
101 1870
1,000
F. & A.
1,287,000
7
do
do
Aug. 1, 1900
Do do (special account) ...... ........................... 101
1,000
7
F. & A.
59,000
do
do
Aug. 1, 1900
2d mort. (interest guaranteed Chicago & Alton) 101 1877
1,000
M. & N.
300,000
do
do
7
Nov. 1, 1900
Miss. River Bridge,stock (7 perct. guar. (C.&A)..
300,000 7 per an. J. & J. Chic., Treasurer’s Office July, 1894
1,000
571,000
1st M., gold, assumed, sink, fund, dr’n a t 1 00..c* . . . . 1877
6 g- A. & O. N. Y.,Cuyler,Morg.& Co. Oct. 1 . 1912
Chicago Burlington dt Northern—
Stock.....................
100
9.571.500
1st m ortgagersink’g fund, redeemable a t 105..c* 363 1886 500 &c. 8.334.500
A. & 0. N.Y., F.L.&T.Co.&Bost. Apr. 1, 1926
5
2d M. ($10,000 p. m.) red. after May 3 1 ,1 8 9 8 ..c* 363 1888
1,000
2,215,000
6
J. & D.
do
do
June 1, 1918
Ten-year debentures....................... ...................... c*
1886
1,000
J. & D.
935,000
6
do
do
Dec. 1, 1896
Equipm ent mortgage—see te x t...............................
1,000
1888
908,000
F. & A.
5
do
do
Feb. 1, 1903
Chicago Burlington dt Quincy—Stock, see te x t........
100 32,002,700 See text. Q.-M . N. Y., Boston and Chic. Sept. 15,1894
Con. M. cov’ng Ch. Term, (now 1st lien) see text.c* 757 1873
1,000 26,677,000
7
J . & J. N. Y., Bk.of Com.& Bost. July 1, 1903
Plain b o n d s ............... ^...................................c*
1,000
1871
547,500
J. & J.
do
do
7
Jan. 1, 1896
Sinking fund bonds, (1st M. as coll.) not dr’n.c*
1,000
33 1875
330,000
5
J. & D. Boston, Co.’s Office.
June 1, 1895
Sink, fund bonds (1st M. as coll.) hot dr’n.c*&r 286 1876
1,000
2,315.000
A. & O. N.Y., Bk.of Com. & Bost. Oct. 1, 1901
5
Burl. & Mo. Riv. (in Iowa), 1st M. conv. bonds.c*
40 ’69-’70 500 &c.
62,500
8
J . & J. Boston, Co.’s Office.
July 1, 1894
H istory .— The Newport News & .Mississippi Valley Co., formerly oonG eneral F inances.—The Chicago & Alton Road has been par­
troliiug and operating this company, in November, 1893, soLd its in ­ ticularly strong in having a large local business between Chicago and
tere st to the Illinois C eutral on a deal made jointly with the Louis- St. Louis. Its leased lines are as completely controlled as if owned
villh & Nashville. See below. (V. 57, p 1083). In December, 1893, pre­ and the system is very conservatively managed, no extensions’
paratory to a transf r to the Central, Messrs. John Echols and St. iohn having been built or new lines acquired of recent years. Since the
Boyle were appointed receivers of C. O. & S. W. In June, 1894, the year 1883 $2,371,703 income has been expended in the purchase of
courts decided th a t control of C. O. & S. W. by L. & N. would be un­ additional real estate, rolling stock, etc., and the bonded debt has been
constitutional: V. 59, p. 28. In 1891 purchased $1,297,500 (60%) of reduced by the purchase and cancellation of $799,000 of bonds.
Ohio Valley stock, guaranteeing its $2,162,000 bonds; V. 52, p. 321,71.
A
year ends December 31. The annual meet­
In August, 1892, a controlling interest in Owensooro Falls of Bough ing nnual R eport .—Fiscal first Monday in ApriL Annual report for
is held in Chicago the
& Green River RR. was purchased by Ches. O. & S. W. parties.
1893 was in V. 58, p. 304, 323.
Securities . Common stock, $6,030,600, and preferred $3,860,000 Year ending Bee. 31— 1890.
1891.
1892.
1893.
<$164,uoo additional unissued), of which the Illinois Central i n Jan . 1/ Totalgross eamings$7,065,754 $7,590,881 $7,730,610 $7,566,639
¿894, held $5,714,200 common and $3,511,600 preferred.
Net earnings............$2,683,754 $3,132,131
$2,922,811 $2,910,750
In May, 1894, $80,000 receivers’ certificates were authorized.
273,497
272,567
272,866
305,336
In December, 1893, the Illinois Contr 1 pledged as p a rt security for Other receipts.........
............
305,917
131
its collateral tru st 4 per cent bonds of 1904 [first issue $5,000.000] all Prem ’s on new stock................. .
the capital stock of this company whioh it owns, and also $2 369,000 of
Total receipts.......$2,957,251 $3,404 698 $3.501.594 $3,216,217
th e 2d 6s $470,000 equipm ent tru st bonds, $779,970 over-due cou­
pons of the 2d 6s and equip lent bonds, and $1,783,544 of floating Rentals paid.. $652,411
$674,722
$674,053
$653,892
debt formerly due by the C & O. 8. W. to C. P. H untington and the Construct.,equip.,&e.
184,271
200,220
238,841
217,833
Newport News Co. The Illinois Central loan is for $12,750,000, and Interest on debt......
816,161
810,387
804,108
632,037
$1,500,000 can be issued only to take up additional O. dt O. S. W. 2d 6s Dividends....... 1,407,560
1,407,560
1,407,560 1,582,386
an d certain other bonds, and $6,250,000 only in exchange for a like Miscellaneous..........
189,227
88,742
169,986
57,342
am ount of Ohes. dt O. S. W firsts.
.
Balance.......... ....... def.$292,379 sr.$223,067 sur.$207,046 sur.$72,727
P Coupons.—Coupons due Feb. 1,1894, on Paducah A Eliz. firsts and
C. O. & S. W. firsts were bought by Speyer & Co., N. Y., for account of (V. 56, p. 3 2 9 , 3 5 6 ; V. 57, p. 217, 468; V. 58, p. 82, 3 0 4 , 3*3.)
the Illinois Central RR. August, 1894, coupons on Pad. & E. l s t s and
C h ic a g o B u r l i n g t o n & N o r t h e r n . —Owns from Oregon, HI.
C. O. & s. W. ls ts were not paid. V. 59, p. 331.
to St. Paul, Minn., 318 miles; Fulton to Savanna, 111., 17 miles; branches
E arnings .—7 mos. > 1894, gross, $1,123,271; net. $353,326.
6 miles; trackage to Minneapolis, etc., 30 miles; total, 371 miles. Com­
Jan . 1 to Ju ly 31.
) 1893, gross, $1,342,521; net, $460,926.
pleted Aug., 1886. Stock authorized $12,000,000; par, $100; outstand­
Annual R eport .—Fiscal year changed to end Ju n e 30. Report for ing in November, 1893, $9,571,500, of whioh C. B. & Q. owned
$9,555,600. (See V. 50, p. 390.)
year 1891-92 in V. 55, p. 855.
B onds .—The C. B. & Q. and Chicago & Iowa give a traffic guarantee
Year—
Gross earns.
Net
Other ine. Int.,ete.
Balance.
1892-93........ $2,410,208 $847,8°2
............................ .
............ for 20 years from ’85 of one-half of their net earnings derived from busi­
ness Co and from the Northern (to be not less th an $100,000 per year)
1891-92........ 2,297.825 823,156 $45,528 $889,303 def. $18,619
for the retirem ent of Chicago Burlington & Northern firsts a t 105; and
1890 9 1 . . . . . . 2,311,280 739,428 ................................
.........
—(V. 57. p. 218, 510, 763,1039, 1082, 1083, 1122; V. 58, p. 127, V. 59, after March 31,1896, the whole issue may be retired a t 105.
The equipment bonds were called for paym ent a t 105 on Feb. 1,1893,
p. 28, 331.)
and holders given the privilege of retaining their bonds upon agreeing
^ C h i c a g o & A l t o n .—R oad—Operates from Chicago to St. Loo if-, to 5 per cent interest and the waiving of the sinking fund provision.
Kansas Citv, etc., owning 542 miles and operating in all 843 miles, of
E arnings.—7 months, <1894, gross $901,563; n et $175,160.
wh eh 110 miJes double track.
Jan u a ry 1 to Ju ly 31, \ 1893, gross $1,352,138; net $448,438.
L in s Owned—
Miles.
Lines Leased—
Miles.
in 1893 gross earnings were $2,361,155; net, $848,070; rentals,
Jo liet to East St. Louis..............244 Joliet & Chicago—
$681,994; taxes, $89,128; balance,
Dwight to Wash, and i.acon... 80
Chicago to Jo liet...................... 37 $114,895; interest, 1892 gross, $2,208,972; net, $807,938. deficit for
year, $37,947. In
(V. 52, p.
St. L. Jack. & Chic. Division—
Louisiana & Missouri Riv.—
641; V 55, p. 215.)
Bloomington ro Godfrey.......150
Louisiana to Cedar City......... 101
Rood house to Quincy Ju n e _ 37 Kan. ity 8t. L. & Chicago—
_
C h ic a g o B u r l i n g t o n & C ^ulncy.—(See Map.) — oad.—Operates
R
Jo liet to Coal City, etc.............. 25
Mexico to Kansas City...........162 a great system of roads extending from Chicago westerly, reaching St.
O ther l i n e s . .. .. . ......................... 6 Mississippi River Bridge............l ^ Paul and Minneapolis, Minn., St. Louis and K ansas City, Mo., Omaha,
Neb., Denver, Cot., and Cheyenne and the Black Hills in Wyoming.
Total of all (70 lb. sti el)....... 843 The ac jompanying map shows clearly the lines of this system, which
H isto r y .—Reorganized in October, 1862, after foreclosure. In 1884 include the following:
consolidated with the St. Louis Jacksonville & Chicago RR.
Oontroll'd—op.separately. t Miles.
Road owned, leased, etc. Miles.
St. Louis K. & N.W.(see below) 225
Stock .—Stock for 82,185,900 was sold to stockholders a t 114, to Chicago to Denver, Col........ 1,024
Chicago Burl. & Kansas City ..195
retire $2,383,000 of 7 per cent bonds due Jan u ary 1,1893. In August, Kan. C. St. J. & Conn. BluffsIT—
Kan. C. to Coun. Bluffs, etc. 316 Humeston & Shenandoah, half
1893, the company sold $2,500.000 new stock to stockholders a t
interest with W abash............ 95
114 to retire $2,929,000 7 per cent bonds due April 1,1894.
Other branches, and leased
_
The Chicago & Alton preferred stock has prior right to a non-oumula- ' lines, practically owned__ 4,103 Chicago Burl. & Northern_ if 371
tive dividend not exceeding 7 per cent from net earnings and (aftei Used jointly w ith other Co.’s. 153 H annibal & St. Jo s e p h .......... f 295
paym ent of 7 on common) also shares with common in any surplus.
System proper, J a n .,’94.. .5,596
D iv id e n d s since 1879—In 1880, preferred 7, common 6hj; in 1881,
Second track, 297 m iles; third track, 30.
both 8; in 1882, both 8; in 1883, both 8 ; in 1884, both 10; from 1885
If These properties, having securities of th eir own held by the public,
to Sept., 1894, both inclusive, both 8 (2 per cent quarterly.)
are separately described in this S u ppl e m e n t .
f- L eased L in e s .—The Kansas City St. Louis dt Chicago is leased in p e r­
t Of this mileage 59 miles are already included in the system proper
petuity from Nov. 1, 1877, a t rental of 35 per cent of gross earnings.
Its bonds are held by the U. S. Trust Co. as security for the Chicago and 106 miles are trackage outside of system.
In 1893 road was extended to Spearttsh in South D akota, 32 miles,
& Alton bonds of 1878, which have a sinking fund of $60,000 per annum.
and to Alger in Wyoming, 8 miles The St. L. Keokuk & N. W.,
Common stock, $271,700, of which $157,600 is owned by the C. & A.
extended in 1894, so as to afford entrance into St. Louis.
The Joliet dt Chicago is leased from Jan u ary 1,1864, forthe term ot its
Extension from Sheridan to Billings, on Nor. Pac., 120 miles, about
charter, and forms p art of the main line. Rental, 7 per cent on stock.
The Louisiana dt Missimri River RR. is leased for 1,000 years. completed.
Organization , &c.—This was a consolidation in July, 1875, of the
Rental, 35 per cent of gross earnings, after taxes, &c., have been
deducted from them, but interest guaranteed on bonds and $329,000 Chicago Burlington & Quincy in Illinois and the Burlington & Missouri
preferred stock; other preferred stock is $1,010,000 and common River in Iowa. In 1880 the Burlington & Missouri in Nebraska was
$2.272,700, neither of which have ever paid dividends. Rental in 1893. ibsorbed. The leased lines are practically owned and there is no charge
for rentals in the income account, except as interest on bonds. The
$140,897, against $161,468 in 1892
As to progress of La. dt Mo. River toward paym ent of dividends on ownership in the other roads above-mentioned is in the stocks and
unguaranteed stock, it may be said th a t after paym ent of the debt to bonds thereof, and their accounts are kept separate.
the C. & A. [of which pi in ipal and iuterest $36,295 remained unpaid
Lands .—The lands have m ostly been sold, but 46,535 acres remain­
Jan. 1,1894] and the redem ption of the $59,000 special account bonds, ing ; land notes outstanding, including interest payable, $515,942.
the yearly rental will be applicable as follows; To interest on guaran­
Capital Stock.—The stock has been increased for the acquisition
teed stock and remaining bonds [excluding the $439,000 assumed by
C. & A. aud provided for by th at company], $134,120; current expense's if new lines, and in 1880 a distribution of 20 per cent was made. Stock
about $2,200; balance to dividends on La »fcMo. unguaranteed stock. for $5,595,300 was sold a t par to stockholders in February, 1893.
D ividends .—From 1881 to 1887 inclusive, 8 ; in 1888, 5) in
The Missiasippi River Bridgeis leased in perpetuity from Dec. 3,1877,
a t 7 p. c. oh $300,000 stock (all owned by C. & A.) and 6 p. c. on bonds. 1889,4; in 1890,5; in 1891,4iq; in 1892, 5; in 1893,5; in 1894, March,
1*4 p. o.; June, l i t p. c.; Sept, l i t p. c.
V. 59, p. 423.




.




3 2

INVESTORS’

SUPPLEMENT.

[VOL. L ix .

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables
RAILROADS.
INTEREST OF DIVIDENDS.
Bonds—PrhÙ?.
Miles Date Size, or
Amount
P a r Outstanding R ate per When Where Payable, and bv pal,When Due.
of
F or explanation of column headings, &c., see notes of
Stocks—Last
Cent. Payable
Road. Bonds Value.
on first page of tables.
Whom.
Dividend.
Chicago Burlington & Quincy—(Concluded)—
Ch. Burl. &Q. Iowa Div., s.f. 5s, draw n a t 1 0 5 ..) 787
Iowa Div., s. f. mortgage 4s, draw n a t 100.c&r 5
Sink, fund'4s (for B. & S. W.) draw n a t 100. c&r>
D enverexten. (collat. tr.) b’ds, s.f. dr’n a t lOO.c* 415
Ch. Burl. & Q. Debentures for Han. & St. Jo stk.o*
Nebraska ex t.,$20,000 p. m. (s. f., not dr’n).c*&r 1,432
Convertible debentures (See rem arks)...............
Omaha & S. W., 1st mortgage, guaranteed........ o*
49
Nebraska Railway consolidated mort, guar........ c 132
B.&Mo.RR. in Neb. ( Land grant, s. f., dr. a t 1 0 0 ) 628
Con.M$14000000 ( Exem pt, not dr’n till 1908 j
Burl. & Mo. RR. inNeb., s. f. for At.&Neb.RR.st’k ..
Quincy Alton & St. L. (leased) 1st m ortgage__ c*
46
Rep.Val. R .,lst M.g., (dr. a t 100) s.f.,$14,000 yr’ly.c
90
70
Ottaw a Oswego & Fox River, 1st m ortgage_ c*
_
80
Chicago & Iowa 1st and 2d m ortgages...................
24
Chicago Rockford & N orthern 1st m ortgage........
Atch.&Neb., IstM ., At. to Lin., Neb., etc., guar.c* 148
2d mort. on Atch. & Neb. RR. (1st M. on bridge) 148
Lino’n& N .W .R R .lstM . guar., s.f.lp .c .,n o td r’n ..
73
C. B. & Q. System—St. L. Keokuk dk N. W. 1st M __
Ohio. < East. Illinois—Com. stock ($15,000 p. mile).
6
_
Preferred stock, 6 per cent ($10,000 per m ile)_
1st mort. (s. f. $20,000, no drawings).................. ol 107
Danville & Grape Creek RR.—1st M., assumed, .o*
7
Extension, 1st m ortgage......................................c*
15
Consol, mortgage (for$6,000,000),gold s. f .......c* 127
Collateral tru st bonds, sinking fu n d .................. c*
General consolidated and first m ortgage........ e&r 256
Chic. & Ind.Coal—1st M. $25,000p.m. ,guar.p &i. c* 174

) 1879
S1879
1881
1881
1883
1887
1890-2
1871
1877
( 1878
11878
1880
1876
1879
1870
’69-’71
1875
1878
1887
1880
1890

...

1877
1880
1881
1884
1887
1887
1886

$1,000 $2,861,000
5
A. & O. N.Y., Bk.of Com.& Bost.
4
A. & 0.
1,000
7,964,000
do
do
1,000
4,300,000
4
M. & S.
do
do
4
1,000
7,896,000
F. & A.
do
do
9,000,000
5
M. & N.
1,000
do
do
4
M. & N.
l.OOO&o 27,700,000
do
do
M. & S.
100 &e. 15,263,900
5
do
do
669,000
J. & D. Boston, Co.’s Office.
1,000
8
349,000
A. & O.
1,000
7
do
do
600 &c. 7,894,000
6
J. & J. Boston, Bk. of Com’rce.
600 &c. 5,000,000
6
J. & J.
do
do
1,000
3,347,000
4
J. & J.
do
do
840,000
1,000
5
F. & A. N. Y., F.L.&T.Co.&Bost.
600 &C. 1.078.000
6
J. & J. Boston, Bk. of Com’rce.
1,000
1.076.000
J. & J. N.Y., F.L.&T.Co.&Bost.
8
1,000
See text.
J. & J.
8
do
do
.... See text.
A. & O.
8
do
do
100 &c. 1,125,000
M. & S. Boston, Bk. of Com’rce.
7
See text.
6
J. & D.
Boston.
1,000
600,000
7
J. & J. Boston, Co.’s Office.
See text.
F. & A. Boston, C. B. & Q. office
6
6,195,200
ib o
100
4,830,700 6 peran. Q .-J . N.Y., Hanover Nat. B’k
100 &c. 2,989,000
6
J. & D. N. Y. ,4th Nat.Bk. &Bost.
M. & N. Boston. Globe Nat. Bk.
1,000
119,000
6
1,000
103,000
6
J. & D. N. Y., Fourth N at. Bank.
1,000
2,788,000
6 g. A. & O. N. Y., Central Trust Co.
1,000
42,000
do
do
6 g. F. & A.
M. & N.
l,000&o 7.393.000
5
do
do
1,000
4.587.000
5
J. & J. N. Y., Met. Trust Co.

Oct. 1, 1919
Oct. 1, 1919
Sept. 1 , 1921
Feb. 1, 1922
May 1, 1913
May 1, 1927
Sept. 1 , 1903
June 1, 1896
Oct. 1, 1896
July 1, 1918
July 1, 1918
Jau. 1, 1910
Feb. 1, 1896
July 1, 1919
July 1 , 1900
1900 & 1901
Oct. 1,1895
Mch. 1, 1908
Dec. 1 , 1927
Jan. 1. l9io
Feb. 1, 1930
Oct.
Deo.
May
Dec.
Oct.
Feb.
Nov.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,

1894
1907
1920
1931
1934
1912
1937
1936

Sinking F unds .—Included in the bonds outstanding in the table —(V.
646, 6 6 , 6 6 ,
V. 57,
above are sundry bonds of the com pany which are held alive and Y. 58,56, p.4164, 5 4 , 733,7773; 9V.834; p. 116.)p. 21, 22, 105, 342,1122
p. 5 9 , 5
59,
drawing interest for account of the various sinking funds.
C. B. Sc Q. S y s te m —S t. L o u is Keokuk Sc N . W.—oad —
R
B onds .—The consol, mortgage of 1873 is for $30,000,000, of which
$1,076,000 reserved to retire a like am ount of Ottaw a Oswego & Fox From Keokuk, Mo., to St. Louis, Mo., 170 miles, aud branch Keokuk to
Mt. Pleasant, 55 miles; total, 225 miles. Controlled by C. B. & Q. Stock
River guaranteed bonds—
the rem ainder for construction and equip­
m ent. The consols are a first lien on 750 miles of road in Illinois and —Stock increased from $8,000,000 to about $20,000,000 in 1893
B onds. - All of the $8,000.000 bonds are held in the C. B. & Q. treasury
on Chicago term inal property.
The Iowa Division bonds cover the m ain line in Iowa from E arnings.—F or year ending June 30, 1893, gross, $1,767,266; net
Burlington to B ast Plattsm outh on the Mo. Kiver, 279 miles, $558.536.
and 16 branches, 511 miles. These bonds have a sinking fund
Ch
Sc E a s t e r
I l
Map.)—Operates double­
of 1*2 per cent ($203,800) yearly, for which the 4s are track ic a g ofrom Chicago,n111., ltoi n o i s . —('»See Ind., and the bituminous
road
Terre
subject to call a t 100, the 5s a t 105. The Denver Extension bonds are coal fields, w ith various branches. (IT Haute, oo.)
See this
secured by deposit w ith the trustee of first m ortgaged per cent bonds
Lines owned in fee.
. Miles.
Proprietary lines (leased.) Miles.
(limited to $20,000 per mile of main track and $10,000 per mile of sec­
ond track) upon about 400 miles of road, representing five different Dolton to Shelby ville, 111...........199 Evans. T. H. & Chic. RR., Dan
ville, to O tter Creek June. H.. 49
lines, of which the most im portant is th a t from west line, Red Willow Rossville to Sidell, HI............... 35
Ind. Block Coal RR., Otter
County, Neb., westerly to Denver, Col., 248 miles. They have a sinking Momence to Ind. State line—
June. Chic. & Ind. Coal R y... 11
Creek June, to Brazil, Ind.... 13
fund of 1 per cent for which they are subject to call a t 100.
Cissna June, to Cissna P a rk ... 11
Trackage, etc.
The collateral tru st Nebraska extension bonds of 1887(New England
O tter Creek June, to Terre H.. 6
T rust Co., of Massachusetts, trustee) are issued a t $20,000 per mile for Chic. &Indiana Coal Di v.,Brazil
to La Crosse, Ind., etc............ 174 Dolton to Chicago, Ch.&W.Ind. 17
single track and $10,000 per mile additional for second track. See
Double trac k ........ ...................... 106
abstract of mortgage in V. 45, p. 441
Total operated Nov., 1893 ...515
Burlington & Mo. in Nebraska consol, mortgage of 1878 is for
14,000,000, of which $1,018,000 reserved to retire in 1896 Omaha &
H istory , L eases , &c.—Reorganized under existing title September
. W. and Nebraska Railway bonds, the only prior liens. The mortgage 1,1877. On June 7,1894, form ally consolidated with the Chicago &
covers 628 miles in Nebraska, including lines from Omaha via Oreopo- Indiana Coal RR. See V. 58, p. 987. Also owns control of Evansville
Us to Grand Island, Lincoln via H astings to Amboy, and from Nemaha Terre H aute & Chicago RR. and $1,000,000 stock of the Chicago &
via Beatrice to Crete, etc. Of the consols outstanding all except the W estern In d ian a—
which see, having all the local traffic of the latter
$5,000,000 of exempt bonds are subject to call for the siB king fund a t road from Dolton into Chicago. Extension to Sidell, 35 miles, com­
ar, $193,815 having been retired in 1893. The “ exem pt” bonds may pleted in 1893.
e called after 1908. The sinking fund Dec. 31, 1893, held alive
In January, 1890, a ten-year traffic contract was made with the
$3,420,308 of th - bonds included above as outstanding.
Evansville & Terre H aute for the operation of a through line between
The 5 per cent debentures of 1890 and 1892 are convertible into stock, Chicago and Evansville. Y. 55, p. 995.
a t any tame prior to December 1, 1902, except when books are closed.
C
tock .—The common
to
See term s of conversion on page 2 of the S upplement for March, 1893 perapital Sthe preferred stock. stock is entitled the all surplus after 6
cent on
In addition to
amounts outstand­
Many of the bonds are redeemable (may be drawn) before m aturity at ing in the table, $2,161,400 common and $407,400 preferred were held
various prices, plus accrued interest, as stated in the table above.
in the company’s treasury.
Chicago & Iowa 1st and 2d m ortgage 8s for $1,750,000; Chicago
D iv id e n d s .—On new preferred in 1888, 7*2; in 1889, 6 ; in 1890, 6; in
Rockford & No. 1st 8s, $250,000; Atchison < Nebraska 2d 6s, $901,
£
280, released from B. & M. R. sinking fund, were held in C. B. & Q. pref. stock; in 1891, 4*3 cash; in 1892, 6; in 1893, 6; in 1894, Jan., l ^ ;
April, l 1 July, 1 3a; Oct., lljjr per cent.
^;
treasury Jan. 1,1894.
B onds, Guaranties , &c.—The Chicago & E astern Illinois guaran­
General F inances .—The Chicago Burlington & Quincy Railroad
tees the m terest on Evansville Terre H aute & Chicago issues (see that
has been one of the m ost profitable in the country, as its numerous
branches tributary to the m ain line were built into choice agricultural company) and interest on $150,000 Indiana Block Coal 1st 7 s; some
territory. Corn, however, being one of the principal articles carried Block Coal 7s have been draw n for the sinking fund.
Tne general consolidated mortgage of 1887 (trustee, Central Trust
by it. its earnings vary greatly according to the size of the crop.
In January, 1893, the company offered a t par to stock holders Company) provides for the retirem ent of $6,042,000 prior bonds and
new capital stock for $5,876,500, and the same am ount of consoL for issue of bonds on new road a t $18,000 per mile for single track;
7s, due in 1903, the new securities being issued on Ju ly 1, 1893. also for bonds for equipm ent a t $7,000 per mile and for double track at
The proceeds were used for new equipment, improvements, con­ $8,000 per mile. These bonds are a first m ortgage on 124 miles of road,
struction, St. Louis term inals, bridge across the Missouri, and for the including the line from Rossville via Sidell to Shelbyville, etc., also on
paym ent of $3,542,550 Burlington & Missouri 7s due Oct. 1,1893. The equipm ent valued a t $2,355,000, and upon real estate in Chicago cost­
paym ent of the B. & M. 7s freed about $6,635,000 of bonds drawing ing over $1,200,000. They also cover 106 miles of double track from
interest in the sinking fund; but in January, 1894, some of the bonds Danville to Dolton, 111., and the rest of the property subject to prior
set free were sold. See V. 56, p. 164 ; V. 57, p. 105. In April, 1894, liens.
Chicago &Indiana Coal first mortgage of 1886 (trustees, Metropolitan
$1,500,000 consol. 7s were sold, and in Ju ly $1,000,000 more were
issued to reimburse the company for construction expenditures made Trust Company and R. B. F. Pierce) is for $1,000,000 on road from
Yeddo to Brazil and $25,000 per mile ($7,000 of this for equipment)
in 1888.
for extensions; second track, $8,000 per mile. The bonds are guaran­
L atest E arnings .—From Jan. 1 to Ju ly 31 (7 months) earnings teed principal and interest under the lease. (Y. 54, p. 964.)
including lines controlled, w e r e :
General F inances .—This company owns most of the capital stock
7 mos.
Cross.
Net.
Charges.
Bal., surplus.
1 8 9 4 .... $17,616,735
$6,155,594
$5,600,000
$555,594 of the Brazil Block Coal Co., an d carries all its coal. I t carries also
the coal of the Grape Creek region. I t has bought within a few years
1 8 9 3 .... 21,925,383
6,742,505
5,760,166
982,339
term inal property in Chicago w orth over $1,200,000. In December,
A nnual R eport .—Fiscal year ends Dec. 31. Annual m eeting is held 1892, issued $1,007,000 general consols for double track, etc., and in
the th ird Wednesday in May. Report for 1893 was published a t much Nov., 1893, issued $946,000 for construction (Rossville to Sidell, &c.)
length in the Chronicle , V. 58, p. 549, 554.
and equipment.
The operations and fiscal results for the system proper, not including
Latest E arnings .—From Ju ly 1 to April 3 0,10 m onths—
the lines controlled, have been as follow s:
Year end. Dec. 31— 1890.
1891.
1892.
1893.
10 mos.
Cross.
Net.
Other in. Int.,divs.ete. B a l.su r■
Miles operated..
5,216
5,325
5,556
5,596
$307,485
1893-4..$3,514,993
$1,413,554
$92,219 $1,198,288
To. gro8searns.$27,725,967 $27,916,127 $33,002,394 $31,042,989 1892-3.. 3,724,877
112,793
1,198,493
59,960 1,145,660
Oper. exp. & tax. 18,749,699
18,549,257
22,469,011
21,224,504
Annual R eport .—Fiscal year ends June 30. A nnual m eeting is held
in Chicago on the first Wednesday in June. The annual report for
Net earn in g s..,.$8,976,268
$9,366,870 $10,533,383 $9,818,465
P .o .o p .e x .to e ..
67-62
66-45
68-08
68‘37 1892-93 was in V. 57, p. 718, and stated th a t m any item s th a t might
The company’s income account, including the receipts and disburse­ properly be called construction had been charged to operating expense.
m ents on account of lines controlled, has been as follows:
Year end. June 30.
1890.
1891.
1892. ;
1893.
1890.
1891.
1892.
1893
Gross earnings.......... $2,911,723 $3,567,195 $3,775,546 $4,416,959
N et earn in g s....$8,976,268
$9,366,870 $10,533,383 $9,818,465 Oper. exp. & ta x e s ... 1,731,369 1,946,499 2,503,523
2,990,314
Int, & exch’ge..
806,035
1,371,627
1,281,818
1,771,092
N etB . &M. 1. gr. 178,455
156,848
188,572
108,422
Net e a rn in g s............. $1,180,354 $1,620,696 $1,272,023 $1,456,644
Total income. $9,960,758 $10,895,345 $12,003,773 $11,697,979 Net(incl.oth.incom e).$l,212,346 $1,660,279 $1,340,987 $1,523,386
$837,340
$913,016
Rentals p a id .... $206,078
$230,280
$314,573
$310,260 Interest p a id ................ $771,514 $769,904
204,226
210,655
221,071
Interest on debt 5,491,992
5,817,266
6,113,738
6,538,911 R entals........................... 200,061
Div. on pref. stock.. (3%) 133,956 (6*) 275,949 (6 0 283,986 (6%) 283,986
Dividends.......(5)3,819,630(434-3,246,686 (5)3,819,922 (5)3,960,252
C ar.tosink’g f d .
745,492
764,839
765,186
765,090
Balance.................. sr.$106,815 sr.$410,198 sur. $9,006 sur. $105,313
Balance, s u r..def. $302,434 sur.$836,274 sur.$990,354 sur.$123,466 -(Y . 56, p. 81 , 578; V. 57, p. 7 1 8 , 894, 979; V. 58, p. 987.)

§

E




S eptem ber , 1894. J




BAILEOAD

STOCKS

AN D

BONDS

33

INTESTOES*
SUPPLEMENT.




S epte m b e r 1894.]

RAILROAD

STOCKS AND

35

BONDS.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
mutas—princi­
;
INTEREST
RAILROADS.
pal,When D ae.
Miles D ate Size, or
Amount R ate per When
Stocks—Last.
of
P ar
fFor explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.

-Chicago < Erie—Stock (all held by E rie)..........
&
IstM ., gold, interest guar, till principalis paid..c* 249 1890
Income bonds for $10,000,000 non-cum ulative .. 249 1890
1888
Terminal 1st m ortgage, g o ld ... — .............. - — -1891
-Chicago Fort M adison < DcsMoines—1 s l mort. ,gold
&
Chicago & Orand Trunk—Stock..........................
1880
66
Northwest Grand Trunk,, 1st mortgage.......
1st mortgage for $6,000,000, $ & £ . ..................c<fer 327 1880
2d mortgage, $ and £ ........ ............
e*&r 327 1882
Ch 01. West.—C.St,P. &K.C.pr.loan,red.at 105.assum 815 1889
Debenture stock, $15,000,000, guar. 4 per cen t..
1894
Debenture scrip (see te x t)..............................- ..........
Pref. stock A, 5 per cent, gold, $15,000,000.........
Pref. stock B, 4 per cent $10,000,000.....................
Common stock, $30,000,000....................................
Collateral sterling notes (£80,000)..........................
C St. P. & K. C. equip, lease warrants, assumed.
For Chicago St . P aul & K ansas City securities unex c h an g
,ichic. June. Rys. < Tin. Stk. Yard—See Miscellan EOUS C o m p a
&
45
-Chic. Kalamazoo < Saginaw—Stock ($2,000,000 au.)
&
Chicago Milwaukee < St. Pautr-Comm on stock.......
&
Preferred stock 7 per cent yearly, not cum ulative.
Iowa & Minn. 1st M. convert, into pf. stock..c* 230 1867
Prairie du Chien 1st M. (Mil. to Pr. du Chien) .c* 195 1868
2d m ortgage, convertible into pref. stock . .c* 195 1868
Iowa & Dakota 1st M., conv. into pref. stock. ,*c 126 1869
River Div. (St.P.&C.) IstM . con. into pf. stk. g.c* 129 1872

$100
$ 100,000
1,000 12 ,000,000
5 g.
5
l , 000&c 10 ,000,000
5 g.
300,000
1,000
See text.
5 g.
100
6,600,000
546,000
500&C.
C
£100 &c 5,454,000
6
l.OOO&c 6 ,000,000
5
2,823,150
5 g.
100 11,271,000 4 per an.
4
100 11,125;200
100
7,444,190
100 20,808,345
387,*79
6
1,444 085
ed, see text.
7

J.
J.
J.
J.
J.

&
<
fc
&
&
&

100 July’94none
100 46,027,261 See text.
100 25,973,900 7 per an.
1,000
2,842,000
7
1,000
3,674,000
8
1,000
1,197,000
7’3
1,000
540,000
7

$&£

C h ic a g o G r e a t W e s t e r n . — (See Map.)— oad.—Operates and
R
•owns by deed the Chicago St. Paul & Kansas City Ry., whicn extends as
follows: Main lines (all steel) Chicago to St. Paul and St. Joseph, 690
miles; Hayfield to Manley Junction, 47 miles; branches—Sumner to
Hampton, 64 m iles; to coal mines, &o., in Iowa, 1 0 ^ miles; other, 4
miles; total owned, 815 miles; and leases—St. Paul to Minneapolis, lO ^
miles; Chicago term inals, 10 m iles; Dubuque to Aiken, 16 m iles; Des
Moines term inals, 2-70 m iles; Leavenworth to Kansas City, 44% miles;
to tal leased. 84 miles. TnejChiaago Great W estern a'so owns, in fee,
Bee Creek to Beverly, 23 miles. Total operated, 922 miles.
Organization—Incorporated under laws of Illinois in January,
1892, to facilitate reorganization of the Chicago St. P. & Kan. City Ry.
On Sept. 7,1893, the company having become the owner of over
97 per cent of the 1st mortgage bonds and over 99 per cent of th e gen­
eral mortgage bonds, acquired by deed the title of the Chicago St. Paul
-& Kansas City Ry. (815 67 miles), subject to the mortgages, the bonds
which it owns being kept alive. I t had prior to th a t tim e acquired the
title to the Leav. & St. Joseph Ry. (23 miles), which is unincumbered.
Securities .—The company w as authorized to issue (1) $15,000,000
of 4 per cent debenture stock, interest payable Jan u a ry and J uly in
gold; (2) $15,000,000 of 5 per cent preferred stock “ A,” dividend con
tingent upon earnings, payable half-yearly in gold; (3) $10,000,000 of
4 per cent preferred stock “ B,” dividend contingent upon earnings,
and (4) $30,000.000 common stock, these securities being given in ex
•change for the old stock and bonds of the Ch. St. P. & K. C. on certain

3,804,500

A.
A.
J.
F.
F.
J.
7 g. J.

J.
J.
J.
J.
J.

5 N. Y. Agency, Bk. of
\ Montreal &London.
do
do
N. Y. ,Lon. & Amsterdam
London,R.Benson & Co.
do
do
do
do

.

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NIÉS.

C h ic a g o & E r i e . —Owns from Marion, Ohio, to Hammond, Ind.
349 miles, and leases trackage over Chicago & W estern Indiana to
■Chicago, 20 miles. Connecting line for the New York Lake Erie &
Western and the New York Pennsylvania & Ohio to Chicago.
H istory and Stock.—Reorganization per plan in Y. 44, p. 369 of
Chic. & Atlantic, sold in foreclosure August 12,1890. The N. Y. Lake
Erie & West, owns the entire stock of $100,000. There were car trusts,
Ju n e 30,1894, for $126,107. for which $179,000 1st mort. bonds are
reserved. The N. Y. L. E. & W. is in receivers’ hand but interest on
4 his company’s bonds has been paid regularly.
B o n d s . —The first mortgage (trustees Central T rust Co. aDd Edw ard
Daniels) bore 4 per cent interest till May 1, 1892, and thereafter
¡5 p. ot. This interest is guaranteed by Erie. See Y. 56, p. 695.
ithe first and the income mortgage cover 249 miles of road, the
•contract w ith the Chicago & Western Indiana, $1,000,000 of th a t com­
pany’s stock and $240,000 stock of the Chicago Belt Railway. See full
¡abstracts of m ortgages in V. 51, p. 911 to 913. See also V. 54, p. 203.
A certain percentage of the gross earnings is each year to be applied,
•first, to paym ent of interest on the first mortgage bonds, second to the
payment of interest on the incomes. If the gross earnings in any year
amount to $2,250,000 or less, then this percentage is to be 22*2 per
•cent; if to more than $2,250,000 and less than $2,750,000, then 25 per
cent; if to $2,750,000 or more, and less than $3,250,000, then 2 7 ^ per
•cent; if to $3,250,000 or more, then 29 per cent. In case the percentage
of gross earnings is not sufficient to meet interest on the first mortgage
•bonds and the Erie has to make up the deficiency, then the am ount of
such deficiency, with interest a t 5 per cent, is payable to Erie in subse­
quent years prior to the paym ent of interest on the income bonds.
Interest ou the incomes has been paid as follow s: For year 1890-91,
none; for 1891-92, 3 per cent, Oct. 1; for 1892-93, 2 per cent, Oct. 2.
L atest E arnings.—From Jan. 1 to Ju ly 31,1894 (7 months), gross
■earnings were $1,231,123, against $1,717,170 in 1893.
Annual R eport .—Fiscal year ends Ju n e 30. Gross earnings for
wear 1892-93 were $2,916,901; net, $102,540; other income. $69,500;
Interest on bonds, including 2 per cent ou incomes $317,946; taxes,
■$82,461; other payments, $11,683, net deficit;, $440,050.
Unrler the arrangem ent with the Erie 271 per cent of the gross
a
■earnings was applicable for interest on bonds, equal to interest on
first mortgage bonds, and 2 per cent interest on the income bonds,
payable October 2,1893. See Y. 57. p. 936. For year ending June 30,
1892, gross, $2,886,583. (V. 52, p. 428, 498; V. 53 p. 795; V. 54, p.
"203; V. 55, p. 331, 941; Y. 57, p. 936.)
C h ic a g o F o r t M a d i s o n & D es M o in e s .—Road completed
from F ort Madison to Ottumwa, la., 71 miles, in December, 1892.
Capital stock June 30, 1892—authorized, $5,000,000; outstanding
Ju n e 30,1893, $1,970,200 par, $100; the funded debt was $1,313,000.
In year 1892-93 gross earnings, $57,497; net, $9,796, against $18,243
in 1891-92; charges, $46,638.
C h ic a g o ik G r a n d T r u n l c .—Owns from P ort Huron, Mich., to
Elsdon, 326 m iles; leases Grand Trunk Junction Railroad, 4 miles, and
«trackage Chicago & West. Indiana, 5 miles; total, 335 miles. Stook,
$6,600,000 m $100 shares. Controlled by the Grand Trunk of Canada,
which gives a traffic guarantee of 30 per cent of gross earnings. Third
mortgage for $6,000,000 was authorized in April, 1893, but will not be
issued to the public. On Jan. 1,1894, bills payable were $74,750; int.
■due Jan. 1, $223,600; sundry outstanding accounts and wages, $ l ,•632,983, against which the company had cash $187.803; “ sundry
-assets,” $336,203, and outstanding traffic balance, $355,126.
From January 1 to May 31 in 1894 (5 months), gross earnings were
-$1,204,766, against $1,429,451 in 1893; net, $34,445, against $172,354.
In 1893 gross, $4,181,733; net. $843,425; deficit under charges,
$59,479. In 1892 gross, $3,764,171; net, $818,833. (Y. 56, p. 621.)




May 1, 1982
N. Y. L. E. & W.
M. & N.
Oct. 1, 1982
N. Y., when earned.
Oct. 1.
J. & J. N. Y. ,Drexel,Morg. & Co. July, 1918
1911
J. & J.

&
&
&
&
&
&
&

0. N. Y., Office 42 Wall St.
do
do
O.
do
do
J.
do
do
A.
do
do
A.
do
do
J.
J. London and New York,

Jan. 1, 1910
Jan. 1, 1900
Jan. 1. 1922
Jan. 1, 1934
See text.
See text.
1894-1901
Oct. 22,
Oct. 22,
July 1,
Feb. 1,
Feb. 1,
Ju ly 1,
Jan. 1,

1894
1894
1897
1898
1898
1899
1902

term s—see full particulars in V. 55, p. 856. The 'priority loan and th e
equipment lease warrants were assumed by the Chicago G reat Western.
The holders of debenture and preferred A stock appoint “ the finance
committee of the company,” which exercises general supervision of its
finances. Upon default in paym ent of interest on the debenture stock
or of dividends, if earned, on preferred A, holders of said securities will
have the sole right through the finance committee and a receiver for
them appointed to direct the m anagement of the property until default
is müde good, when the m anagem ent again reverts to the company.
Additional securities of said issues can be p u t out, blit only w ith con­
sent of a m ajority of both said classes of stock present a t a meeting.
Securities of other issues having a lien prior to preferred A can be
created, but only w ith consent of two-thirds of both classes. The sev­
eral classes in case of liquidation will have principal paid in gold, ac­
cording to their priority right to uividends. A deed of the property to
the M anhattan T rust Co. secures the rights of the debenture and pre­
ferred A stockholders in respect to dividends See below.
On June 30,’94, $2,066,500 of debenture stock a n d $79,800 preferred.
A was in the treasury.
General F inances.—In April, 1894, debenture stockholders an d
preferred “ A” stockholders were asked to subscribe in the am ount of
12 ^ p. c. of their holdings of these stocks to additional debenture stook
a t 80 p. c. Stockholders so subscribing to receive their interest a n d
dividends in cash; those not subscribing to receive int. and divs. in
debenture scrip until 121a p. c. ot their holdings has b en so received.
Debenture stock for $1,999,814 was subscribed for a t 80 p. c., which
will realize $1,551,397 (of which third and last instalm ent, $328,133, is
due Jan. 1,1895,) to be applied to the floating debt.
F loating D ebt .—On June 30,1894, there were bills payable $437,524; accounts payable, $140,000; advanced by operating account,
$358,263. Against this the company had $505,599 cash in hands of
Finance Committee, and there will be due Jan. 1,1895, for debenture
stock, as above, $328,133. Also debenture stock for $1,079,750 is issu­
able in payment of interest and dividends, as they m ature, to holders
who did not subscribe as above.
On July 15, ’94, company paid one year’s interest on debenture stock
in cash to holders subscribing and in debenture scrip to non-subscribers.
No dividend on preferred A-had been paid to July, 1894.
L atest E arnings.—From Jan. 1 to Sept 7,1894 (8% months), gross,
$2,343,276, against $2,837,898.
Annual R eport .—
Fiscal year ends Ju n e 30. R eport for 1893-94
was in V. 59, p. 470, showing:
Year ending June 30.
1892.
1893.
1894.
Average mileage owned and oper’d
922
922
922
Total gross earnings.....................
$5,024,740 $5,083,014 $4,011,710
Operating expenses and ta x e s ... 3,764,677 4,063,175 3,002,897
Netincom e..........................
$1,260,063 $1,019,839 $1,008,812
In year 1893-94 rentals paid $454.963; int. on floating debt, $25,585
int. on 5 p. o. priority loan $141,157; int. on 4 p. o. debenture stock
issued and issuable in exchange for 1st m ortgage bonds, $379,080;
balance to credit of income account $8,027’
Officers .—A. B. Stiokney, President, St. Paul, Minn. New Y ork
Transfer office, 18 Wall Street. (V. 56, p. 700, 923; V. 57, p. 7 1 8 ; V.
53, p. 81, 430, 682, 815; V. 59, p. 470.)
C h ic a g o K a l a m a z o o & S a g i n a w .—Under construction from
Kalamazoo, Mich., to Saginaw, Mich., 125 miles, of which 45 miles,
Kalamazoo to Woodbury, in operation. In July, 1894, no securities
were outstanding. In 1893 gross, $53,514; net, $18,450.
C h ic a g o M i l w a u k e e & S t. P a u l . —(See Map.)—Operates from
Chicago westerly to Omaha, Neb., and Kansas, City. Mo., w ith exten­
sive lines traversing Wisconsin, Minnesota and the D akotas, includ­
ing
Road.
Miles.
Road.
Miles.
Trackage.................................
62
Lines owned (of which 9
2nd & 3rd tra c k s................... 216
miles owned jointly) in­
Controlled, over, separately,
cluding Milw. & Northern,
426 m ile s............................6,148 Des M, No. & W estern...................... 156
H istory , <fcc.—The Milwaukee & St. Paul RR. Co. was organized May
5, 1863, and on Feb. 11,1874, took its present name. The system has
since been greatly extended by the construction and acquisition of
other lines. The stock of the Milwaukee & N orthern was acquired in
September, 1890, in exchange for common stook, and in Sept., 1893,
the sale of the M. & N. to the St, Paul was r atified. In August, 1894,
a co'itrolling interest in the Des Moines Northern & Western had been
acquired. The road will be operated separately. V. 59, p. 228.
Capital Stocks.—The preferred stook has a prior right over the
common stock to a dividend of not over 7 per cent from net earnings in
each year, but if not earned it has no cumulative right. A fter paym ent
of 7 per cent on preferred and 7 on common, both classes share pro rata.
Common stock authorized, $47,062,560. Preferred stock on Ju ly 1,
1892, was $24,364,900, and it has been increased to present figures by
exchange of convertible bonds for stock.
D ividends since ’78. >Y’r. ’86. ’87. ’88. ’89. ’91. ’92. ’93.
’94.
On common.
jP .c . 5 5
2*2 0
0
2
4 A .2,0.2
On preferred. >Y’r. 1879 to 87.
1888.
1389. 189«to 93. 1894.
since 1878. SP.c.
7
6
48» .
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36

INVESTORS’

SUPPLEMENT.

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Enlarged Scale Map Showing the Chicago and
Northern Pacific’s Terminal and Grand
Central Passenger Station in Chicago.
1 Northern Pacific
4 Chi. & North-Western
Wisconsin Central
5 Illinois Central
Baltimore & Ohio
Cleve. Cin. Qhi. & St. L.
Chi. St. Paul & Kan. Cy.

Michigan Central
2 Chi. Rock Island & Pacific
Lake Shore & Mich. Sou.
6 Atch. Top. & Santa Fe
Chicago & Erie
New York, Chi. & St. Louis
Chicag o & Eastern 111.
8 Chicago & Alton
Chicago & Grand Trunk
Chi. Burlington & Quincy
Chicago & Western Ind.
Louisv. New Alb. & Chi.
Chi. Milwaukee & St. Paul
Wabash R. R.
Pitts. Cin. Chi. & St. Louis
Pitts. Ft. Wayne & Chicago

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S e p t e m b e r , 1894. J

RAILROAD

STOCKS

AND

37

BONDS.

Bonds—Prinoi*
INTEREST OR DIVIDENDS.
_________ RAILROADS.________________ Miles Date Size, or
pal,When Due.
Amount
L
When Where Payable, and by Stocks — ast
of
P a r Outstanding R ate
of
iv^p.xDlanation of column headings, &o., see notes
Dividend.
P er cent. Payable
Whom.
Road. Bonds. Value.
i!0
e
on first page of tables.
trhimao Milwaukee < St. Paul—( Concluded)—
6
83
Ohio & Mil. 1st mort. (conv. into pref. stock). . 0’
Ohio' wn. & St. P. prior lien consols, co n v ert... 1.435
Xh Tvm. & St. P. eonsol. M.,conv. intopf. stock, e 1.435
335
I & D. E xt. 1st M., convert, into pref. stock.c’
«' W. Div. 1st mortgage Western Union RR..C 212
419
go Minnesota Div. 1st m ortgage..................... e
133
Mineral Point Division 1st m ortgage............. c
395
Hast. & Dak. Div., extension, 1st m ortgage..c
395
do
do
do
e
185
Lacrosse & Dav. Div. 1st m ortgage............... .0
Wise Yal.RR.Co. lstM .,Tom ahto Wausau,Wis.c 107
Wte. Val. Div. 1st M. of 1880, s. f., not dr’n.o* 161
Dub. Div.(Ch. Cl. D.&M.) IstM ., s. f.,n o td r’n.o* 351
■Chic. & Pac. Div. 1st M. (Chic, to K ittredge). .o* 120
Western Div. 1st m ort., (see text) g old.......o 1,117
68
•Ohio. & Lake Superior Div. 1st mort., gold., .e
230
Wis. & Minn. Div. 1st mortgage, gold...............
Fargo & Southern 1st m ort., gold, assum ed.......... 119
Oh Mil. & St. P. Terminal mortgage, gold........ c*
Ï59
Dakota & G reat Southern 1st mortgage, gold—
77
Chicago & Missouri River Div. 1st m ortgage. ..c
525
Inc. M.,convert., s. f. $80,000 yearly (dr. a t 105) c
Gen. mort, (for $150,000,000), gold Series A.c*&r All.
Milw. & North’n 1st mort., Schwarz.to Gr. Bay..o* 126
Con. M. ($17,000 p.m .),lst M. north of Gr.Bay.c* 362
10
Chic. &North. Pac.—Ch. & Gt. W est.lst M. gold. ..o '
First mort, for $30,000,000, gold.................. c*«fcr 65ifl

1873 $ 1,000
1,000
1874
1,000
1875
1,000
1878
1,000
1879
1,000
1880
1,000
1880
1,000
1880
1,000
1880
1,000
1879
500
1879
1,000
1880
1,000
1880
1,000
1880
1,000
1881
1,000
1881
1,000
1881
1,000
1883
1,000
1884
1,000
1886
1,000
1886
1,000
1886
1,000
1889
1,000
1880
1,000
1884
1,000
1886
1,000
1890

b o n d s . — Abstracts of some of the principal mortgages were
pub­
lished in the Ch r o n ic l e , V. 45, pp. 85,114,144, 212, and V. 48, p. 830.
The following bonds are convertible into preferred stock a t any tim e
within ten days after a dividend shall have been declared and become
navable on the preferred: Iowa & Minnesota 7s, due 1897, Prairie du
Cmen 2ds, Iowa & Dakota 7s, Iowa & Dakota E xtension 7s, River
Division 7s, Chicago & Milwaukee 7s of 1903, H asting & Dakota 7s of
1903 and Ch. MU. & St. P. consols of 1875. The consols of 1874 also
are convertible into preferred w ithin 15 days after dividend day. The
convertible bonds were fully described in Su ppl e m e n t for Mar. ’93, p. 2.
Chicago < Pacific Western Division 1st 5s were issued a t $20,000
&
per mile for road, w ith additional amounts for equipm ent and
bridges; no further bonds can be issued. The mortgage covers the
following miles of road: Farley, la., to Kansas City, Mo., 341 miles;
Marion, la., to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen,
North Dak., 352 miles; branches 162 miles; total, 1,117 mUes.
Terminal five per cent bonds of 1884 cover term inal property
•of several hundred acres in Chicago and MUwaukee. On the
■
“income” bonds of 1886 paym ent of interest is now obligatory.
They are convertible into common stock w ithin 60 days after any
dividend day, and have a sinking fund of 4 per cent, $80,000 of them
being drawn for paym ent yearly a t 105. In addition to above bonds
there are $89,000 H astings & Dakota 7s, due Jan., 1903, convertible
into preferred stock.
The general mortgage of 1889 is for $150,000,000, to the United
S t a t e s Trust Co., of New York, as trustee, and covers the entire rail­
way property and franchises of the company (therein described) subject
to prior liens as below mentioned. I t is agreed th a t the prior lien
bonds cannot be extended, but wUl be paid off a t m aturity.
On June 30,1894, the following amounts of general mortgage bonds
had been issued or were reserved for the purpose indicated, viz
$17,806,000
L i s t e d on New York Stock Exchange........................... .
Unlisted and in treasury of the company.........................
2,682,800

$2,393,000
7
186,000
7
7
11.299.000
3.505.000
7
4.000.
000 6
6
7.432.000
2.840.000
5
7
5.680.000
5
990.000
5
2.500.000
1,106,500
7
2.316.000
6
6
6.565.000
3.000.
000 6
25.340.000
5 g.
1.360.000
5 g.
4.755.000
5 g.
1.250.000
6 g.
4.748.000
% g2.856.000
3.083.000
i g1.600.000
5
See text.
2.155.000
i g5.092.000
6
394.000
5 g.
25.523.000
5 g.

N. Y., Office, 42 Wall St.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Boston, Lee Higginson.
N.Y. Office, 42 WaU St.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.Y., Ch. MU. & St. Paul
do
do
Chicago.
Apr. ,’93, coup.last paid,

Jan. 1,
Jan . 1,
Ju ly 1,
Ju ly 1,
Ju ly 1,
Jan. 1,
Ju ly 1,
Jan. 1,
Jan. 1,
July 1,
Jan. 1,
Ju ly 1,
Ju ly 1,
Jan. 1,
Jan. 1,
Ju ly 1,
July 1,
Jan. 1,
Ju ly 1,
Jan. 1,
Ju ly 1,
Jan. 1,
May 1,
June 1,
Ju n e 1,
Ju n e 1,
April 1,

1903
1904
1905
1908
1909
1910
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1916
1989
1910
1913
1936
1940

1891,92.
Net earn in g s...................... $11,468,504
(64-48)
Perot, of op. exp. to earns.
237,354
Other incom e......................

1892-93.
$11,486,947
(66-19)
122,140

1893-94.
$11,213,619
(64-21)
100,684

Total n et incom e........ $11,705,858
7,161,736
Interest on debt.................
Dividends on pref. stock.. (7)1,572,612
Dividends on com. stock.
112,414
Miscellaneous....................

$11,609,087
7,065,216
(7) 1,751,357
(4) 1,838,306
21,470

$11,314,303
7,503,748
(7) 1,809,213
1,838,307
95,822

$67,213
$932,738
$2,859,096
Surplus.........................
Following are the results compared for three years, the operations o
Milwaukee & Northern being included in each y e a r:
1894.
1893.
1892.
Tear ending June 30—
6,148
6,109
6,077
Average m iles...................
$35,743,429
$31,327,951
Gross earnings................. .$34,048,875
20,114,333
23,712,943
E xpenses..... . . ................. . 21,937,467
$11,213,618
$12,030,486
..$12,111,408
Net earnings........ .
CONDENSED GENERAL BALANCE SHEET JUN E

1892.
Assets—
Road and equipment, etc. $207,838,998
4,043,530
Cash.....................................

1893.
$215,937,204
2,662,814

30.
1894.
$220,198,172
3,676,586

Total assets.................. $211,882,528 $218,600,018 $223,874,758
Inabilities—
$46,027,261
$46,027,261
Stock, common.................. $46,027,261
25,767,900
25,973,900
24,364,900
Stock, preferred.................
138,801,000
130,805,500
129,195,000
Funded debt............... .
1,669,179
2,665,149
2,722,549
Pay-rolls, vouchers, &o...
3,581,983
3,447,223
3,486,339
Interest accrued, n ot due.
Total given as outstanding.......... .................................
$20,488,800 Loans and bills payable..
3,240,000
1,000,000
Reserved for prior liens........................................................ 111.065,200 Miscellaneous....................
300,395
159,086
217,269
Available for improvements, etc ........................................
18,446,000 Income account.................
6,521,040
6,487,899
5,869,209
Total authorized..................................--........................ $150,000,000
Total liabilities.......... $211,882,528 $218,600,018 $223,874,758
The $20,488,800 outstanding include $6,000,000 issued to pay for —(V. 56, p. 42, 331, V. 57, p. 22, 422, 4 4 3 , 4 6 6 , 4 7 0 1038, 1040,
178 mUes of sundry sm all branches on which the general m ortgage is V. 58, p. 1035; V. 59, p. 152, 228, 3 9 4 , 4 2 0 , 427.)
a first lien, and to re tire the $2,500,000 first mortgage bonds of
C h ic a g o & N o r t h e r n P a c if i c . —( See Map)—Organ iza tio n ,
Chicago Evanston & Lake Superior Railway, a Chicago suburban
road; also $2,918,000 issued to replace prior lien bonds paid and can- P r o pe r t y Ow n e d , E tc .—Organized in 1889 in interest of Northern
Pacific to acquire term inal property a t Chicago. Its owns 332
The $18,446,000 of bonds above m entioned are applicable for premiums acres (46 acres in the h eart of the city), w ith 6513 miles of track in
paid in retiring or refunding convertible and other prior lien bonds operation; a freight house with a capacity of 80,000 square feet; a new
bearing a higher rate of interest th an 4 p. c., for cost of branches, sec­ passenger station, street ana dock frontage on the Chicago River,
ond and side tracks, real estate, bridges, rolling stock, equipm ent, etc. round houses, a surburban line running from 40th Street in Chicago,
a distance of 9 miles, and a line southerly from Chicago to Chicago <
fc
V. 48, p. 830; V. 50, p. 205.
Calumet Term, a t Blue Island. (V. 55, p. 58; also p. 682; V. 56, p. 363.)
Genera l F inances , &c.—A considerable am ount of the stock is held
L ea s e , R ental , E tc .—In May, 1890, this property was leased
by parties also interested in the Chicago & Northwestern, so th a t the
two roads are operated as a rule in harmony. Dividends on common through the medium of the Wisconsin Central to the N orthern Pacific a t
a minimum rental sufficient to pay all fixed charges. See abstract of
stock were resum ed in October, 1892. See “ dividends ” above.
In Dec., 1893, $3,000,000 gen. mtge. 4s were listed in N. Y., having lease in V. 52, p. 468. In September, 1893, the lease of the W isconsin
been sold for equipment, improvem ents and additions (V. 57, p. Central to the N orthern Pacific was abrogated. October interest on
1038), and in June, 1894, $3,000,000 more. N. Y. Stock Ex. in Sept., Chicago & N orthern Pacific 1st 5s was not paid, and on October 11
1894, reports $17,806,000 listed. Milwaukee & Northern earnings Henry E. Howland, W alter Van Norden and Richard P. Morgan were
appointed receivers. V. 57, p. 638. The Wisconsin Central claims it
since July 1,1893, have been included in those of the St. Paul.
was merely the interm ediary through which the lease w as made.
F loating D e b t .—According to the annual report, the floating debt
In November, 1893, the Wisconsin Central was operating the prop­
June 30,1894, consisted of loans and bills payable, $1,000,000, against erty under a tem porary arrangem ent with the Ch. & N. P. receivers.
which were held $3,990,800 of negotiable bonds. The floating debt The Chicago Great W estern (formerly Chicago St. Paul & K ansas City)
was mostly incurred to redeem La Crosse Div. and other underlying and the Baltimore & Ohio are tenants of the Ch. & N. P. and pay
bonds; also for building 64 miles of Milwaukee & Northern extension, rentals, the form er of $150,000 and the la tte r of about $175,000 per
for which $1,089,000 Mil. & No. consols are in St. Paul treasury.
annum. The Wiscon. Cent, in May, 1894, was paying $150,000 yearly.
E arnings .—1 month, 1894, gross, $1,779,226 ; net, $378,170.
R e o r g a n i z a t i o n . — Bondholders’ Committee consists of J. Edw ard
f 1893, gross, $2,593,355 ; net, $736,334.
July 1 to Ju ly 31.
Simmons, Chairman, H enry Budge, R. C. Martin, Simon Sterne, William
Annual R e p o r t .—Fiscal year ends June 30. Annual m eeting is Mertens, W. Allen Butler, Jr. and Alfred S. Heidelbach. In Sept.,
held in September. Report for 1893-94 was given in full in V. 59, p. 1894, the U. S. Trust Co.’s receipts for $25,523,000 1st mort. 5s depos­
420,427. See also editorial, p. 394. These figures, except for 1893-94, ited under this committee’s agreem ent of Deo. 5,1893, h ad been listed
do not include the Milwaukee & Northern. For the comparison includ­ on N. Y. Stock Exchange. V. 58, p. 306.
ing the M. & N. for all the years see further below.
B onds .—There is a purchase money mortgage to the City of Chicago
1893-94. for $650,000, bearing 5 p. c. and due May 1,1938. The Farm ers’ Loan
1892-93,
1891-92.
& Trust Co. is tru stee o f the first mortgage of 1890, on which default
6,148
5,724
5,721
Miles operated June 30..
$7,311,687 occurred Oct. 1,1893. See m ortgage abstract V. 52, p. 465. The in­
$7,138,561
Passenger earnings........ . $6,639,137
21,550,822 terest due Dec. 1,1893, on Chicago & Great W estern bonds was paid.
24,393,849
23,241,421
2,465,442
Sto c k .—Stock outstanding. $30,000,000 (par, $100), of which over
2,442,645
2,402,951
Mail, express, &o.,earns..
$15 000,000, owned by Nor. Pac., was to be pledged along w ith $3,000,$31,327,951 000 of the bonds under N. P. tru st of 1893. The N. P. claims a con­
$33,975,055
$32,283,508
siderable sum due for advances, against which there are counter claims.
Expenses—
$4,469,838 In April, 1894, one year 6 p. c. receivers’ certificates for $200,000 w ere
$5,004,161
$4,235,514
2,698,459 issued.
3,661,243
3,884,373
Maint, cars and engines..
11,503,142
12,507,270
11,515,811
E arnings .—Recent earnings are stated to have been about $40,000
1,199,077
1,058,320
933,148
T axes,.............
243,816
257,114
246,'158
■Miscellaneous.
—(V*56, p. 363. 463, 886; V. 57, p. 547, 548, 638, 763, 853, 9 3 8 ,1038r
$20,114,332 1082,1122; V. 58, p. 81,126, 178, 263, 306, 594, 682, 733, 866, 902.)
$22,488,108
$20,815,004
Total expenses




38

INVESTORS’

SUPPLEMENT.

[V o l . L IX .

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
Bonds—Prineb'
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
When
of
Par
F o r explanation of column headings, < ., see notes of
ko
Last
Outstanding R ate per Payable Where Payable , and by Stocks—
Cent.
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
O
$100 $39,054,907 6 per an. J.&D. S N.Y.,Co.’s Oifice,52 Wall July 5. lftiLt
Chicago t6 North- Western—Common stock................ 4,273
do
100 22,335,170 7 per an. Q.-M.30
do
Preferred stock (7 p. c. yearly, not cum ulative).. 4,273 . . . .
Sept. 24, 189A
M. & S.
do
1,000
126,000
7
do
Peninsular RR. IstM . convertible (assumed)........ 109 1863
Sept. 1.189«'
Q.—F.
1,000 12,774,000
do
7
do
Ch. & N. W. con. s. f. M. ($12,900,000), not d r’n.c* 788 1865
Feb. 1, 1915
1,700,000
J. & J.
do
1,000
7
do
85 1863
Chic. & Mil. 1st M. Chicago to Mil. (assumed)..
July 1, 1898
Cedar Rapids & Missouri Riv.—Bonds assumed.
M. & N.
do
7
do
1st mort. 3d Div., Des. M. River to Mo. River 149 1866 500 &c. 2,332,000
May 1. 19ir
....
769,000
J. & D.
do
7
do
Mort. of 1884, Ced. R. to Des M. River............. 124 1884
June 1. 1909.
A. & 0.
1,000
1,350,000
do
8
do
71 1870
Iow a Midl’d IstM ., Lyons to Anamosa (assumed)
Oct. i; 1900
do
do
7 g. A. & O.
Madison extens.lstM ., g. (s.f. $23,000, not dr’n) 129 1871 500 &c. 2,977,500
Apr. 1, I9 ii
do
do
7 g. J. & D.
Menominee e xt.lstM ., g. (s. f. $20,000, not dr’n» 114 1871 500 &c. 2,546,500
June 1. 1911
do
do
62 1872 500 &c. 3,365,000
7 g. M. & S.
Northwest. Union 1st M.,g.,Mil.to Fond-du-Lae.
June 1. 1917*
do
do
Chic. & N.W. gen. consol. M., g., s.f., not d r’n c.*&r 1,670 1872 500&C. 12,336,000
7 g . J. & D.
Deo. i ; 1902*
_
_
J. & J.
do
560,000
do
7
31 ’76-’80
Menominee River 1st M., two series (assumed)...
July 1, 190®
M. & S.
do
1,600,000
do
1,000
6
82 1880
Mil. & Mad. 1st M., Mil. to Madison (assumed) .o*
Sept. 1, 1905M. & N.
do
1,528,000
6
do
....
Chicago & Tomah 1st mort., guar, (assumed).. . )
Nov. 1, 1905152 ( 1880
do
601,000
M. & N.
6
do
( 1882
Nov. 1, 1905
Chicago Milwaukee & N.W .construe, do
... $
do
720,000
6
J. & J.
1,000
do
July 1, 1901
43 1881
Escanaba & Lake Superior RR. IstM ., (assumed).
F. & A.
do
600,000
do
1,000
7
57 1882
Feb. 1, 1907
Des Moines & Minn. 1st M.,Des M.to Jew ell Jc.,&c.
M. & S.
do
1,600,000
5
do
1,000
1884
64
Mch. 1, 190»,
Ottumwa C.F.&St. P. Is tM .($25,000p.m.), gu..c*
M. & S.
do
5
do
1,000
1,500,000
Mch. 1, 1910,
75 1885
Northern Hlinois 1st M. ($20,000 p. mile), guar, .c*
do
do
Oct. 1, 1929*
C.&N.W.s.f.b’ds of ’79 ($15,000p.m. )red.atl05.c*r 1,041 1879 l.OOO&c 13,779,000 5 & 6 A. & O.
do
4*3 A. & O.
1,000
1,411,000
do
71 1891
Apr. 1, 1902:
Iow a Div. IstM . for $Í,4Í1,0(J0 ($20,000 p.m.)o*
M. & N.
do
5
do
l.OOO&c 9,800,000
May 1, 1933
1883
Sinking fund debentures of 1933 (not dr’n).c*<fcr
M. & N.
do
do
5
1884 l,000&c 3,869,000
Nov. 1, 1909»
25-year debentures of 1909 ($6,000,000)...c*&r
do
A 15& 0
do
5
1891 l.OOO&c 9,819,000
|A pr. 15,1921
30-year debentures for $10,000,000............o*&r
F 15&A.
do
4
do
1886 l,000&c 18,632,000
Aug. 15,1926
' Extension 4s, $20,000,000 ($20,000 p. m.)..o&r
do
Various
do
250,000
7
Various, 190®
Other small issu¿s (see rem arks)............................
M. &N.
do
do
1,592,000
7
Nov. 1, 1907
Winona & St. Peter 2d mortgage (now 1st) guar.. 139 1870-1 1,000
do
do
Deo. 1, 193®
7 g. J. &D.
1st mortgage extens., gold,land grant,s.f.,guar. 184 1871 100 &o. 4,038,500
do
J. & J.
do
402,500
7
....
July 1, 1897
60 1877
Maple River 1st M., Br. to Mapleton, (assumed)..
M. & S.
do
do
200,000
7
Sept. 1, 190®
....
24 1878
Roch. &No. Minn. lstM .,gu. (assumed by.W&St.P.)
Chicago& North-Western.— Map.)—Operates an im portant
•(See
system of roads uniting Chicago, 111., w ith Omaha, Neb., St. Paul,
Minn., w ith the great wheat belts of Dakota, Nebraska, etc., and with
th e m ining regions of Michigan and the Black Hills, including—
Miles.
Road owned—
Miles. Controlled by stock,
operated separately—
Lines owned in fee................. 3,085
F rem ontE lk Horn & Mo. Val. 1,301
Entire stock owned—
W inona & St. P e te r................ 449 Sioux City & Pacific.............. 107
D akota C entral....................... 724 Chicago St. Paul Minn. & 0.111,481
Princeton & W estern.............. 16
Total of a l l .. .. ............... ....7 ,8 2 0
Milwaukee Lake Shore & W... 757

L atest E arnings.—From Jan. 1 to Ju ly 31,1894, 7 months, gross,.
$16,174,906, against $18,702,342 in 1893.
12 mos.
Gross.
Ret.
Charges, die. Dividends. Surplus.
1893IF..$32,472,219 $10,719,871 $5,933,123 $3,906,594 $880,154
1 8 9 2 .... 32,821,689 11,006,329 5,937,799
3,906,098 1,162,432.
IF Includes results from operating M. L. S. & W. since Sept. 1,1893.
a n n u a l R eport .—Fiscal year ends May 31. The annual meeting is
held the first Thursday in June. The report for 1893-94 was in V. 59,.
p. 229. See also editorial, p. 254.
The surplus of the year 1893-94 over dividends was as follows:
From the Chicago & Northwestern Railway, $400,950; from theFrem ont E. & Missouri Valley, $65,545; from the land department,.
$245,827; total, $712,322, available for improvements, &c.
The following statistics are for the Chicago & Northwestern proper;
the statistics of the Fremont Elkhorn & Mo. Valley are given below,,
and in the Chronicle , V. 59, p. 290.
Year ending May 31.
1891.
1892.
1893.
1894.
Average miles oper.. ' 4,254
4,273
4,273
4,841
Passenger earnings.. $6,700,351 $7,298,880 $7,956,440 $9,226,467
19,829,341 22,788,423 23,377,715 21,234,929
Freight....................
Mail, express, & c .... 1,263,982 1,334,969 1,375,592
1,474,78®

IF Which see.
2d track, 386 m t
Total incl. in earns............. 5,031
H istory , &c.—The Chicago & Northwestern Railway was organized
In 1859, and has since absorbed many other roads.
In December, 1882, a controlling interest was acquired in the stock of
th e Chicago St. Paul Minneapolis & Omaha Co., which see.
In July, 1884, the capital stocks (except a few shares) of the F re­
m ont Elkhom & Mo. Valley and the Sioux City & Pacific were acquired
on the term s stated in th e S upplement of June, 1885, and prior issues.
T heir securities, except those held bv Chic. & N. W.. are in table above.
In December, 1891, the Milwaukee Lake Shore & Western RR. was
"bought by an exchange of stock, and on Sept. 1,1893, it was formally
Total earn in g s...$27,793,674 $31,422,272 $32,709,747 $31,986,187
m erged into the Ch. & N. W., all its liabilities and duties being a s­
M aintenance of way. $3,353,694 $3,920,697 $4,471,160)
sumed. See V. 57, p. 375; V, 56, p. 792.
“
cars, &c. 2,855,480 3,164,548 3,386,053^19,867,62®
Capital Stock.—Of the common stock $2,332,958, and preferred
$3,284 rem ained in the co’s treasury in June, 1894. Pref. stock has a Transport’n& misoel. 11,227,355 12,323,031 13,433,750) 1,040,302
T axes............... .
854,476
928,162
1,002,190
a prior right to 7 p. c.; then common 7 p. c.; then preferred 3 per cent;
th en common 3 per cent; then both classes share. Dividends are
Total expenses..$18,291,006 $20,336,438 $22,293,153 $20,907,930
usually paid as in table, but sometimes a few days later.
earnings.............
D ividends since 1881.) Year. 1882-84. 1885. 1886-93. 1894. Net exp. to earnings.$9,502,668 $11,085,834 $10,416,594 $11,078,252:
665*81)
(64*72)
(68*15)
(65*37)
. On common.
5 Per ct.
7
6*2
6
July» 3 P. c.
Investm ents, e tc .....
259,585
317,736
767,635
431,673
On preferred— \ Year. 1882. ’83. ’84. ’$5. ’86-93.
1894.
since 1881. >Per ct. 7%
8
8 71
a
7 M.,1%; J.,1%; S.,1%
Total receipts... .$9,762,253 $11,403,570 $11,184,229 $11,509,925B onds .—The general consol, mortgage of 1872 is a m ortgage on all
th e property of the company a t the date of the m ortgage; the issue Interest on d e b t...... $5,880,390 $6,072,960 $6,204,319 $6,875,232
Dividends................... 3,445,804 3,675,735 3,906,562 3,906,594
can be increased only to re tire a like am ount of prior bonds.
201,301
410,425
200,200
327,150
Sinking fund..............
The sinking fu n d bonds of 1879 are secured by deposit in tru st Milwaukee Fire acot.
— ....................... . . .
222,870
...........
of $15,000,000 of 1st mortgage bonds a t $15,000 per mile on sub­
sidiary lines, the m ost im portant being described in S u p p l e m e n t of
Totaldisbursm ’ts. $9,527,495 $10,159,120 $10,533,951 $11,108,978
May, 1894. Of the sinking fund bonds of 1879 $6,305,000 are 6s ;
$650,278 $400,949
th e sinking fund is a t least 1 per cent of_outstanding bonds, which Balance, surplus....... $234.758 $1,244,450
FREMONT ELKHORN < MISSOURI VALLEY.
fc
are subject to call a t 105; and through its operation the am ount
outstanding has been reduced from $15,000,000 to the present figure.
Yr.end.May31.
1891.
1892.
1893.
1894.
The Iowa Division bonds of 1891 cover road from Wall Lake to G rossearnings.......... $3,310,239 $3,481,236 $3,653,678 $3,334,756
Kingsley, Iowa, 71 miles. See V. 55, p. 217.
1,104,349 1,151,236 1,093,852
Net e a rn in g s ............ 1,051,612
990,411
1,031,477 1,030,669 1,028,308
The sinking fu n d debentures of 1933 have a sinking fund of $200,000 Total charges............
p e r year, if they can be redeemed a t 105.
Balance, surplus.......
$61,201
$72,872
$120,567
$65,544
Debentures of 1884 and 1891 will be secured by any future m ortgage
B alance Sheet .—Balance sheets of Ch. & No. W. May 31 as below :
excepting any mortgage “ for the enlargem ent, improvem ent or exten­
sion of the company’s property.”
1892.
1893.
1894.
Assets—
The Chicago & Northwestern extension bonds o f 1886 are secured by Road and equipment............... $161,107,982 $165,935,481 $180,209,711
deposit in tru st of first mortgage bonds at a ra te not exceeding $ 20,000 Bonds owned............... / ........... *14,892,419 *15,000,087 *23,921,022
p e r mile. Included in the collateral Feb. 1,1893, were $10,675,000 Stocks owned........................... 22,051,957 22,053,474 14,317,742
Frem ont Elk H orn & Mo. Valley ls ts and $2,560,000 Wyoming Cen­ Land grant investm ents........
1.146.760
420,925
457,982
tra l ls ts [the Wy. Cent, having been consolidated with F. E. & M. 7.], Bills and accounts receivable.
1,994,771
1,980,464
1,700,008
2,143,382
1,886,959
1,777,254
etc. See F. E. & M. V. bonds below. Union Trust Co. of N. Y., trustee. Materials, fuel, &c....................
The Fremont E lk h o m < Missouri Valley conso's have a first lien on Cash on h a n d ...................... .
&
2,422,769
2,793,753
2,309,607
1,170 miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and Trustees of sinking fund.........
6.129.761
6,486,181
6,817,106
branches to Hastings, Albion, &e., 613 miles), but besides the amount
of issue given as outstanding in the table $10,675,000 are held as p a rt
Total a s s e ts ....................... $211,889,801 $216,557,324 $231,510,432
collateral for Chicago & Northwestern extension bonds of 1886. The
Liabilities—
N orthw estern assumed $3,600.000 of the Frem ont Elkhom & Missouri Stock, common and preferred. ${63,723,320 t$63,724,321 $63,726,321
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
519.510
519.510
519,510
St’cks of propriet’ry roads, &c.
The Milwaukee Lake Shore < Western debentures are convertible into Bonded d e b t............................ 114,235,500 117,100,500 130,113,500
6
8,550,000
stock a t par a t any time within ten days after the date fixed for paym ent Purchase acct. M. L. S. & W...
1,562,434
of dividends on common stock. The equipment bonds of 1885 are sub­ Dividends declared, not d u e ..
1,562,434
1,561,997
je c t to call $100,000 per year a t 105, and the Ontonagon 1st m ortgage Sinking funds p a id ..................
5,405,696
6,129,761 > 6,817,106
$25,000 per year a t par, and all redeemable a t 105; The extension and Accretions to sinking fu n d ...
724,065
356,420 5
2,334,267
improvem ent mortgage sinking fund commences in 1893, and will re­ Securities for cap. stock iss’d. 10,009,823 10,009,823
890,000
ceive not less than $25,000 yearly ; these bonds are not subject to call. Securities retired from income
335,000
640,000
1,802,232
Paym ent of interest on the $1,120,000 St. P. E astern Grand Trunk Current bills, pay-rolls, &o---2,390,486
2,470,10'
175,748
6 s which was guaranteed by Mil. L. S. & W. has been assumed by Chic. Uncollected coupons, &e.........
123,356
164,8/6
1,440,077
& N. W., b u t no liability is incurred for the paym ent of the principal.
1,141,802
1,186, ,35
Due to roads in Iow a...............
174,569
There are several small issues of bonds in addition to those in the Consolidation Coal Co.............
128,520
131,325
1,846,387
tab le above, viz.: Minnesota Valley Railroad, $150,000 7s (April and Accrued and accruing inter’st.
1,674,428
l , 6 r 2,589
167,525
October), due Oct. 1, 1908; Plainview, $100,000 7s (M. & S.), due Sept. Miscellaneous...........................
284,429
100,580
3,624,345
1 ,1 9 0 8 ; Sioux Citv & Pacific car tru st 6s, March 1,1896, $78,000.
3,403,267
2,956,300
Land income account..............
7,766,411
In addition to the company’s bonds, as shown in the table above, Railroad income a cc o u n t.......
6,715,183
7,365,462
th ere were May 31,1894, $2,312,500 alive in the sinking fund.
Total liabilities.................$211,889,891 $216,557,324 $231,510,432,
Land Grant .—The report for 1893-94 showed th a t the total consider­
ation for the lands and lots sold in th a t year amounted to $175,065.
* Includes $13,235,000 bonds pledged as collateral.
Total cash receipts were $342,286. The statem ent of amounts secured
1 Including $2,345,164 common and $2,284 pref’d in co.’s treasury,,
to be paid to the company by outstanding contracts of sale in force a t
t Including $2,331,958 common and $2.285 pref. in co.’s tre a s u .v
th e end of the fiscal year showed a total of $1,385,018. The lands
1 Including $2,332,958 common and $3,285 pref. in Co.’s treasury.
F
unsold and uncontracted for May 31,1894, were 748,565 acres.
— . p. 225, 525, 903, 923; V 55. p 199, 213, 21 7.
(V54,
.
.
1036: V. 56.
p. 226, 792, 923,1015: V. 57, 275, 297, 302,
375; V. 58, p. 452, 987;
General F inances .—To Sept.. 1894, E xtension 4s for $18,632,000
V. 59, p. 228, 229, 254, 290.)
h a d been listed ©n N. Y. Stock Exchange.




STOCKS AND BONDS
JEIAILROAD



40

INVESTORS’ SUPPLEMENT,

[V l
o .

lIX,

Subscribers Trill confer a great favor by giving immediate notice of any error discovered in these Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles D ate Size, or
Amount R ate per When Where Payable, and by
Par
of
F o r explanation of column headings, &c., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page of tables.
M. & S. N. Y., Office, 52 Wall St.
6
1882
$1,007,000
71
Chic. < North-W.—( Con.)—Dakota Cent. IstM ., gu.
6
M. & N.
6
2 ,000,000
do
do
D ak.C ent.lst M. on So’eastD iv. (to Hawarden) gu. 125 1882
A. & O.
6
7,725,000
do
do
Frem . Elk. &M. V. consolM. $20,000 p.m. see text. 1,170 1883 $ 1,000
169,000 7 per an. A. & O.
do
do
100
6
Sioux City & Pac. pref. stock (1st mort. on 6 m .).
6
J. & J.
500 &c. 1,628,000
do
do
1st M. Sioux City to Frem ont (assumed.)........ 101 1868
6
J. & J. U.S. Treas., a t m aturity.
2d M. Govemm’t lien (accrued int. $2,271,476). 101 1868 500 &o. 1,628,320
6 g. M. & N. N. Y. Office, 52 Wall St.
5,000,000
1,000
Milw. L. Sh. & W., Consol. M. (now 1st, gold.. .c* 416 1881
6 g. J. & ,1.
do
do
1,000
1,281,000
MichiganDiv. 1st mort. (for $3,000,000), g..e*
85 1884
6 g. M. & 8.
1 ,000,000
do
do
1,000
40 1885
Ashland Division 1st mortgage, gold...............c*
6 g. A. & O.
do
do
1,000
47,000
16 1886
1st Ms. Hurley& Onton. br’ches,g., (dr’n a t 100). c
5 g. F. & A.
do
do
1,000
436,000
Conv. debentures, secured by m ort of ’89, g-.c" 697 1887
do
do
1,000
4,148,000
5 g- F. & A.
697 1889
E xt. &Imp. M. for $5,000,000, g., s.f. not dr’n.o
6
M. & N.
do
do
1,000
500,000
1881
Income bonds (not cum ulative)............... .........r
6
J. Á J.
do
do
107,000
1885
1,000
Equip, bonds 1885 ($100,000 drawn yearly) ..o
A. & O.
5
do
do
1,000
400,000
40 1892
Marsh. E x.lstM .for $600,000($15,000p.m.. ..c*
do
do
6 g- J. & J.
1,000
1 , 120,000
56 1883
St. P. E. Gr’dT. lst,M . g.,int.gu.by M. L. S.&W.o*
1894
300,000
6
Chicago Peoria < St. Louis—Receivers’ certificates.
&
1,500,000
5 g. M. & S. M ch.,’93, coup, last pd.
12 Ó 1888
1,000
1 st mortgage, gold............................................ . . . c
1,041,000 5 & 6 g- M. & N. May, ’93, coup, last pd.
1,000
170 1889
1st eonsol.M.g. ($15,000 p. m) ($300,000 are 6s).c
5 g. J. & D. June, 93, coup last pd.
1,000
1,276,000
1891
100 46,156,000 See text. Ci-~ *'. New York and Chicago.
Chicago Rock Island &Pac.—
Stock (for $50,000,000)
6
J. & J.
N. Y., Broad St.
1st mort., Chic., 111., to CouncilBluffs&branches.e* 736 1877 l , 000&c 12 , 100,000
M. & N.
do
do
7
Chic. & Southw. 1st M. (g’d in cur. by C.R.I.&P.). 268 1869 100 &o. 5,000,000
do
do
J. & J.
5
1st M. ext. and col. ($20,000 p. m.) red. aft. ’94.c<fci 2,153 1884 l , 000&c 40,457,000
M. & S.
do
do
5
1891 1,000&C 4,500,000
D ebenture bonds (redeemable a t 105).......... c*&r.
6 g- J . & J.
1,000 Nil. Feb. ’93.
Chic. & St. L. Electric—1st M. for $7,000,000, gold. 248 1893
Chicago St. Paul < Kansas Oity—S ee Chicago G REAT Weste RN.
&
100 18,559,360
Chicago St. Paul Minneapolis & Omaha—Com. stock.
100 11,259,913 See text. F. & A. N. Y., Office, 52 Wall St.
Preferred stock, non-cumulative (see te x t).
do
do
J. & J.
334,800
7
21 1878 500 &o.
do
do
125,000
8
J. & J.
1,000
12 1878
do
do
Ch.St. P.&Minn. 1st M.,g.,Elroy to L. St.C.ass’d.c’ 177 1878 500 &c. 3,000,000
6 g. M. & N.
C h ic a g o P e o r i a Sc S t, L o u is .—Owns from Pekin, 111., to Jackson­
ville, 111., and H avana to Springfield, 120 miles, and Litchfield to E ast
0t. Louis, 50 miles; uses Merchants’ Bridge into St. Louis, 2 miles.; track­
age, 13 m. Extension to Rock Island partly graded.
H istory .—Organized in 1887. W ith its allied lines formed the J acksonville Southeastern system. D efault on 1st mort. occurred Sept.,
1893, and on Sept. 21 C. H. Bosworth and E. E. Anderson were made re ­
ceivers. Suits to foreclose th e mortgages are in progress. In June,
1894, Mr. A l derson resigned as receiver.
R eorganization .—The plan provides tor first mortgage $5,000,000,
old, 4 per cent till Ju ly 1, 1897, then 5 per cent; second mortgage
2,500,000, gold, to be income 5 p. c. bonds, company to have right to
reduce them to 4 p. 0. as a fixed charge; $2,500,000 non-cumulative
5 p. o. p re f erred stock., and $2,500,000 common stock. Stockholders of
the. company to be assessed $5 per share, receiving therefor new
pref. a t 40 p. o. See V. 58, p. 81. Depositary, Mercantile Trust Co.. N. Y.
In March, 1894, th e plan was declared operative as to Chic. P. & St.
Jj„ b u t Jack. L. & St. L. securities were excluded, and the North &
South of Illinois (which see) was substituted. V. 58, p. 512. Reor­
ganization expected to be completed in six months.
E xchange of B onds .—
New Firsts. New Seconds. New Pref.
$200
$400
Ch. P. & St. L. 1st M........................ $900
F irst consols...................................
900
200
400
Second consols...............................
.....
1,150
250
North. & South, of Illinois l s ts .. 1,000
_
_
_
_
F loating D ebt .—On Sept. 21, 1893, the Chic. Peoria & St. L. had
unpaid taxes, vouchers and pay rolls, $334,600; car trusts and equip­
m ent notes, ¡8407,922; loans, including jo in t liability on advances for
betterm ents by Adams E xpress Company, $402,402; total, $1,144,924.
In May, 1894, $300,000 receivers’ certificates were authorized.
E arnings.—Including Jacksonv. Louisville & St. L., 112 miles. From
Ja n . 1 to Sept. 7, 1894 (8H months), gross earnings were $595,802,
»gainst $713,795 in 1893. For year 1891-92 gross earnings $1,288,095; net, $386,400, against $272,400 in 1891. (V. 57, p. 510,763, 808;
V 58, p. 81, 512.
.
Chicago Hock IslandSc Pacific.— Map)—R oad .—Operates
f See
from Chicago, 111., via Omaha, Neb., to Denver and Colorado Springs,
Col., and via K ansas City, Mo., to F ort Worth, Texas, w ith branches.
The system, as will be seen on adjoining map, includes:
Lines leased, etc.—
Miles.
Lines owned—
Miles.
Chic.,111., to Council Bluffs,la. 499 Peoria & Bureau Valley__ IT 47
Davenp’t,I a .,to Atch’n,K an. 342 Keokuk & Des Moines........ IT 162
E l wood to Liberal, K an......... 440 Des Moines & F o rt Dodge..if 143
H erington,K an.,toTerral,I.T. 349 Trackage to Kansas City,
No. Topeka, Kan., Denver,
H orton, Kan., to Roswell,Col. 569
Col., Pueblo, Col., etc....... 338
B ranches...........................
682

f

Tot. linesoper. Apr. 1,1894.3,571
Total owned Apr. 1,1894..2,881
" if See separate statem ents for these companies.
The Chicago Rock Island & Texas, from Te> ra l to F o rt Worth, Tex.,
93 miles, was completed in July, 1893. I t is owned by th e Rock Island,
and its bonds are all deposited for the R. I. extension and collateral
m ortgage, but the road in March, 1894, w as operated separately.
H istory .—The present Chicago Rock Island & Pacific was a con­
solidation June 4, 1880, w ith $50,000,000 stock authorized, and a
Stock dividend of 100 per cent to the holders of Rock Island stock.
Chicago Kansas & Nebraska is now owned in tee simple. V. 53, p. 223.
D ividends .—In 1880, 8*2 cash and 100 per cent in stock; from
1881 to 1887, inclusive, 7; in 1888, 6 * ; in 1889, 4; in 1890,4; in 1891,
2
3; in 1892,4; in 1893, 4; in 1894, Feb., 1 p. c.; May, 1 p. c.; Aug., l p .c .;
Nov., *2 p. c.
B onds.—
The extension and collateral tru st 5 per cent bonds (trustee
o f m ortgage United States T rust Company) are issued a t the ra te of
$15,000 per mile for single track, $5,000 per mile additional for equip­
m ent and $7,500 for second track. They are secured by the
direct lien of a first m ortgage or by deposit with the trustee of an equal
am ount of first mort. 6 p. c. bonds of branch lines, and (since July 1,
1894,) are red’le a t 105 in the order of their num bers.beginning with the
lowest. On A pril 1,1894, there were $40,457,000 of these bonds out­
standing, and $255,000 had been canceled for the sinking fund; of
th e total originally sold $32,295,000 were issued a t $15,000 per mile
On 2,153 miles of tra c k ; $1,200,000 for Kansas City term inal property
and $7,214,000 for equipment. See m ortgage abstract, V. 47, p. 260.
The debentures of 1891 (U. S. T rust Co., trustee) were issued to pay
for term inals and betterm ents as needed. The issue is for $10,000,000
and the bonds are redeemable on notice any coupon day a t 105. In
Ju n e , 1894, $1,500,000 debentures were sold for improvements.
General F inances.—The reorganization of the Minneapolis & St.
Louis—
which see—
will increase th e Rock Island’s quick assets. In
Ju n e and July, 1893, $1,230,000 extension aad ooilat. tru st 5s were is­
sued for 82 miles of road tow ard F ort Worth, Tex.; the rem aining 9
miles to th a t city were completed in July, 1893, and $175,000 of 5s
w ere issued for road and equipment.
E arnings.—From Jan . 1 to Aug. 31,1894 (8 months), gross $10,598,009, against $12,339,380 in 1893.
A nnual R eport .—The fiscal year ends March 31. A nnual m eeting
is held in Chicago on the first Wednesday in June. R eport for 1893-94
in full was in Y. 58, p. 964,986,989. Earnings, &c., have b e e n :




Sfocfes—Last ’

Dividend.
Sept. 1 , 1907
Nov. 1 , 1907
Ort. 1, 1933
Oct. 1894
Jan. 1 , 1898
Mar. ’98 &’90>
May 1 , 1921
July 1 , 1924
Mch. 1, 1925
Apr. 1 , 1896
Peb. 1 , 1907
Peb. 1 , 1929
May 1 , 1911
Jan. 1 , 1895
Oct. 1 , 1922
Jan. 1 , 1913
Inorbef. 2 yrs.
Mar. 1 , 1928
May 1, 1939
June 1 , 1941
Nov. 1 , 1894
July 1 , 1917
Nov. 1, 1899
July 1, 1934
Sept. 1 , 1921
Dec. 31,1912
Aug. 20,1894
Jan. 1, 1908
July 1 , 1908
May 1 , 1918

1892.
3,456
$5,216,761
12,289,636
1,183,678

1893.
3,610
$5,843,146
13,302,196
1,825,768

1894.
3,571
$6,538,56$
12,852,9791,647,527

Gross earnings................. $18,690,075
Operating expenses............... 13,14*7,057

$20,971,110
15,083,689

$21,039,074
14,977,480

$5,887,421
(71*93)
$60,000

$6,061,594
(71-14)
$43,038

Year ending March 31—
Miles owned and operated..
Passenger e a rn in g s.............
F reight....................................
Mail, express, rentals, e to ...

N et earnings....................
P. c. of oper. exp. to earns...
From land departm ent, eto.
Chic. Kan. & Neb. in te rest...

$5,543,018
(70*341
$70,000
52,200

$5,947,421
Total incom e.................... $5,665,219
$6,104,632
Rent leased roads...................
$774,806
$739,016
$692,617
Interest on debt..................... . 2,813,325
3,038,786
3,199,825
Missouri River bridges. . . . . .
143,858
121,566
157,460
Dividends................................ .(3)1,384,674 (4) 1,846,232 (4) 1,846,232
$201,821
$548,556
Balance, surplus....................
$208,49$
—(V 56, p. 247, 700, 9 7 2 ,9 7 4 , 992,1015; V. 57, p. 181, 639, 723, 853;
V. 58, p. 9 6 4 , 9 8 6 , 987, 9 8 » , 1035.
Chicago St. Paul Kan. City.— Chicago Great Western»
Sc
See
.
Chicago St. Paul Minneapolis Omaiia.-(See Map Chicago
Sc
d North Western.)—R oad.—M ainline—Elroy, Wis., to Omaha, Neb., 593
t¡
miles ; other lines, 899 miles ; total, 1,492 miles, of which 1,412 miles
are owned, 69 miles leased and 11 miles proprietary road. Extension
from Ponca to Newcastle, Neb., 11 miles, w as opened August 24,1893.
H istory .—This was a consolidation July, 1880, of the Chicago St.
Paul & Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago & Northwestern Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
Stock.—Authorized common, $21,403,293; preferred, $12,646,833.
Preferred stock has a prior right to non-cumulative dividend of 7 per
cent; b u t common is never to receive more th an is paid on preferred.
D ivid e n ds .—On preferred stock: From 1881 to 1884, inclusive, 7 per
cent; in 1885,4% ; from 1886 to 1888, inclusive, 6 per cent; in 1889,3;
in 1890,4; in 1891,4; in 1892,
in 1893,7 p.c.; in 1894, Jan., 3^ p. c.;
Aug., 3 ^ p. c. In 1894 dividends, form erly J. & J., were changed to
F. & A.
B onds .—In 1893 consols for $276,000 w ere issued. There are also
$75,000 Minneapolis E astern 1st me., guar., 7s, due Ju ly 1,1909,
L ands.—The land sales in 1893 were 15,947 acres, for $44,936, in­
cluding lots; land contracts and notes on hand December 31,1893,.
$501,968; lands undisposed of, 468,996 acres.
Latest E arnings.—From Jan. 1 to Ju ly 31, 1894(7 months), gross
earnings were $3,950,144, against $4,422,474 in 1893.
A nnual R eport .—Report for 1893 was in V. 58, p. 494, 510,1034.
1893.
Year ending Dec. 31—
1891.
1892.
$2,072,099
Passenger earnings.................... $1,956,982
$2,135,338
5,893,011
6,689,015
Freight......................
5,718,281
363,819Mail, express, &c......................
346,049
372,589
.$8,021,312
. 5,446,114
Net rentals paid.
Loss on prop, roads.

$9,196,942
6,368,296

$8,328,928
5,843,533:

.$2,575,198
89,021
1 1,346,827
.(5) 562,840
16,972

$2,828,646
92,672
1,346,78-2
(7) 787,976
34,524

$2,485,395
141,720
1,378,590
(7)787,976

$559,538
$566.692
$177,100
Surplus of RR. Co............... .
Net from land sales .................. $468,728
$368,468
$132,332
-(V . 56, p. 205, 4 6 1 , 9 7 2 , 9 7 4 , 375; V. 58, p. 305, 4 9 4 , 5 1 0 , 1034*,
V. 59, p. 152.)
Chicago Sc Southeastern.—
Operates from Anderson, Ind., to
Brazil, Ind., 106 miles, of which 12 miles, W aveland to Land Creek, is
trackage over St. L. Van. & T. H., leaving 94 miles owned. Formed in
189 L to succeed Midland of Indiana, reorganized. The Midland of
Ind. mortgage (assumed) has been lim ited to $375,000 (V. 58, p. 941.)
Chicago &South Side Rapid Transit —
(“Alley Elevated.”
—Owns elevated road in operation in Chicago upon a purchased right
of way from Congress Stree to Jackson Park, about 8 % miles of double
and triple track. Financial provision has also been made for extend­
ing the road to Englewood and other points in the southern district of
Chicago, and for building a loop north of Congress Street. Exten­
sion on W abash Avenue to Lake Street also proposed, and in March,
189 4, property owners were said to have consented. Stooi,.
$7,500,000; par, $100. Mortgage of 1889 covers road from Congress
Street to 63d Street, and the bonds are subject to call for paym ent after
Oct. 1,1899, a t 110 and interest on any coupon d a r. The mortgage
of 1893 is a first lien on extensions south of 63d Street. In Feb., 1894,.
$2,000,000 extension bonds were unissued. Trustee of both mortgagee
is the N orthern T rust Co. of Illinois. V. 56, p. 331.

M
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STOCKS

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S e p t e m b e r , 1894,]

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SUPPLEMENT.

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Subucrlbarw will confer a great favor by giving Immediate notice of any error discovered In these Tables

RAILROADS.
on first page of tables.

INTEREST OR DIVIDENDS.
Bonds—
Miles
Size, or Amount
of
P ar
of
R ate per When Where Payable, and by pal,When D us.
Stocks—Lust r
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.

Chic. St. P aul Minncap. & Omaha—(Goncl’d)—
S t P. ASi’x C. 1st M.,g. ($7,000,000)$10,000p.m.< 607
No. Wls. 1st M. Lake Sf.C. to n’r Spooner ass’med.c'
80
Sault Ste. Marie & Southwest’n 1st M., assumed.!
37
Ch.St.P.M.&0.con.M.,$30,000,000($15,000p.m)c’ 1,412
Chicago <6Southeastern—Mid.of Ind. 1st M.f gold..<
94
Consol, mortgage, $20,000 per mile, gold............
94
Chic. < S. S. Sapid Tran.—1st M., g.,s. f . See text, o’ . . . .
&
1st mortgage on extension, $5,000,000, gold_ c
_
Chicago < Texas—1st m ort,,$2,500,000, gold...c&r *60
t
Chic. < W. Ind.—1st M., g., s. f., subj. call a t 105.0” 48
6
General mort., gold, sinking fund, see te x t.......e*
48
Chicago dt West Michigan—Stock (in tru s t $63,600). . . . .
Grand Rapids Newaygo & Lake Six. 1st M.2d Div.
10
Ohio. & West Mich, general mort. ($12,000p.m.). e* 482
Ch.& No.Mich.lstM.,gu.,p.&i.end.$18,OOOp. m.o*
93
Mich. Equip. Co. IstM ., gu.p.&i., s.f. red. a t lOO.r
Choctaw Oklahoma < Gulf It It.—Prior lien,g.,te x t.c*
£
97
. General mortgage, $5,500,000...................... .......
3d M. income bonds.................................... ..............
Cin. Dayton < lronion—1st M., gold, guar. p. & i.c* 164
6
Cincinnati Hamilton & Dayton—Stock...................... . . . .
Preferred stock, Series A & B, $500,000 e a c h _
_ ». ..
do
“ Eagle” .........................................
Consolidated mort. (now 1 -t) $ & £, sink, fund.c*
60
do
do ............................. c*
60
do
do ............................ c*
60
Second mortgage, gold.......................................... c*
69
General mortgage, $7,800,000, gold.................. c*
60
Cin. Hamilton <•Indianap.—1st M., guar. p. & i . ..
£
99
General mort. for $3,800,000, gold, to be g u a r...
99
Cinn. Jackson < Mack.—1st M. for $4,800,000, g.c* 331
6
Cincinnati Lebanon < Northern—1st m ortgage...c
6
38

1879 $1,000 $6,070,000
6 g. A. & O. N. Y. Office, 52 Wall St. Apr. 1 , 1919
1880
1,000
800,000
6
J. & J.
do
do
Jan. 1, 1930
1890
1,000
400,000
M. & N.
5
do
do
Nov. 1 , 19 1&,
1880
1,000 14,006,327
6
J. & D.
do
do
Jnne 1, 1930
1887
1,000
375,000
» g. J. & J.
Jan. 1 , 1917
1891
(1)
Oct. 1 . 1921
* s- A. & O.
>
1,000
1889
7,500,000
5 g.
<N.Y.,Bk.of Com. & Ch. Oct. 1, 1929
1893
1,000
3,000,000
5 g- J. & J. 1N orthern T rust Co.
Jan., 1933
1893
1,000
950,000
5 g. A. & O. N. Y., Mercantile Tr. Co. Apr. 1 , 1933,
1879
1,000
1,548,000
6 g. M. & N. N. Y., Drexel, M. & Co. Nov. 1 , 1919
82-92 1,000
9,652,666
6 g. Q.—M.
do
do
I>ee. 1, 1932
100
7,448,200 See text. F. & A.
See text.
Feb.
1875 500 &c.
19,000
J. & D. N. Y., Un. Tr. & Boston. June 15,1893
7
1, 1905
1881
1,000
5,758,000
5
J. & D.
See text.
Dec. 1, 1921
1891
1,000
1,667,000
M. & N. Bost’n, Nat. Webster Bk. May 1 , 1931
5
1892
1,000
342,000
6
J . & D.
Boston.
June 1, 1902
1894
1,000
1,000,000
A. & 0.
Philadelphia.
Oct. 1, 19191.
1894
4.500.000
do
5
1.100.000
do
1891
1,000
3,500,000
5 g. M. & N. N. Y.,Kessler&Co54Wall May 1 , 194]
....
100
4,000,000 See text. Q .-F .
Cincinnati.
Aug. 4, 1894
....
100
1,000,000 4 per an. Q .-J .
do
Oct. 2, 1894
....
100
613,900 4 per an. Q .-M .
do
Sept.. 1894
1875
1,000
996,000
A. & O. N.Y.,Kessler&Co54Wall Oct. 1 , 190Î
7
1875
1,000
1,347,000
6
A. & O.
do
do
Oct. 1 , 1903
1875
1,000
410,000
A. & O.
5
do
do
Oct. 1 , 190!
1887
1 000
2,000,000
4 1 J. & J.
ag.
do
do
Jan. 1 , 1931
1892
1,000
3,000,000
5 g. J. & D. N.Y., Blair < Co.,33Wall June 1 , 1945
fc
1873
1,»)0
2,500,000
7
J. & J. N.Y.,Kessler&CÓ54W all Jan. 1 , 190!
1,000
1893
See text.
do
do
5 g. J. & D.
June, 1943
1892
1,000 BJ4,250,000
4 g- J. & D. N. Y., Central T rust Co. June 1, 199]
1,000
1886
200,000
5
J. & J. Cinn., Fourth Nat. Bank Jan., 1916
Chicago & Texas.—
Owns from Cape Girardeau, Mo., to Carbon- remaining after the paym ent of operating expenses, taxes and interest
dale, 111., and branch to Harrison, 111., 60 miles.
Proceeds of $500,000 of the bonds were reserved for extensions.
K
A consolidation in 1893 of Grand Tower & Cape Girardeau and Grand
E
T ow er & Carbondale. Common stock authorized, $1,500.000; non-cu- net,arnings.—For year ending June 30,1893, gross earnings $760,017;
$301,671; charges, $175,218 ; new construction,
m ulative 5 per cent preferred, $1,000.000; par, $100. Outstanding surplus, $69,227. In 1891-92 gross, $600,469; net, $57,226; balance ’
$189,399. See v
Eeb. 1,1894, $1,025.000 common and $137,000 pref. F irst 5s for $1,- 52, p. 534, 680; V. 57, p. 1038. Stock, $5,000,000; owned by C. H. & D„
500,000 are reserved for extensions.
Cincinnati Hamilton & Dayton.— Map.)—Owns froir Cin­
(See
Earnings 6 months ending Dec. 31,1893, gross, $105,980; net, $34,cinnati, O., to Dayton, O., 60 miles ; leases Dayton & Michigan, Dayton,
106; interest on bonds, $23,750; (V. 57, p. 255.)
to Toledo, 142 miles, and Cincinnati Dayton & Ironton, Dayton to
Chicago & Western Indiana.—
Owns a valuable term inal sys­ Ironton and branches 184 miles. Controls
Indiana­
tem of roads affording entrance into Chicago to the roads named polis. Hamilton to Indianapolis, 99 miles ; Cin. Hamilton &Hamilton
Cin. & Dayton,
below. Its lines extend from D earborn Station, Polk Street, Chicago, to Middletown, 13 miles ; Cincinnati Dayton & Chicago, Dayton to.
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to Delphos, 95 m iles; Troy & Piqua, 8 m iles; Columbus Findlay &
Cragin, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total Northern, Deshler to Findlay, 18 m iles; Bowling Green R. R.,
track, including 2d, 3d, 4th tracks and sidings, 194 m iles; also owns Tontoganyto North
miles. Total 641
860 acres of real estate, passenger and freight yards, warehouses, jointly with Big Four Baltimore, 21 Union—which see. miles. Owns
the Dayton &
elevators, etc. The B elt Ry. of Chicago, held in the same interest,
H istory , E tc.—Chartered in 1846. Main line opened In 1851,
leases and operates 72 m ilts of the 194 miles owned by the Ch. & W. I.
L eases .—This company’s road and term inals are leased under per­ Leased lines added a t various tim es since.
D ividends on common stock since 1882—In 1883, 9 per cent; in 1884 ►
petual contracts to the VVabash, the Chic. & Grand Trunk, the Chicago &
E astern Illinois, the Chicago & Erie and the Louisville New Albany & 6; in 1885,6; in 1886, 7 ; in 1887,6; in 1888 and 1889, nil; from
Chicago, each of which five companies owns $1,000,000 stock. Tney 1890 to Aug., 1894, both inclusive, 5 p. c. yearly, payable quarterly.
Dividends on preferred stock from January 1,1883, to July, 1886, at
are also leased to the Atchison and the B elt Railway. The annual
rentals provided by the leases m ust always exceed by a t least 20 per rate of 6 per cent; from Dec., 1886, to date, a t rate of 4 per cent yearlycent the interest on the bonds a t any tim e outstanding.
B onds.—The general m ortgage is for $7,800,000, of which $4,800,000
Capital Stock , $5,000,000, all owned as above stated. Dividends reserved to retire the p rior liens a t m aturity; the prior bonds m ust not
p aid a t irregular intervals—6 per cent in 1892, and in 1893 6 p. c.; in be extended; trustee, Mercantile Trust Company of N. Y. The mortgagecovers the perpetual lease of the Dayton & Michigan, the profits un­
1894, for 1st quarter, l ^ per cent.
B onds.—Sinkingfund paym ents (amountingin 1893to about $135,000) der which are large. V. 54, 799; V. 55, p. 373.
G uaranties.—The C. H. & D. guarantees certain securities of the-annually retire a portion of the first m ortgage bunds a t 105 and inter­
est, and after they are all drawn the general mortgage bonds become following companies, fully described under th eir own titles: Cincinnati
subject to same sinking fund and will be draw n a t same price in such Dayton & Ironton, Cin. Ham ilton & Ind., Dayton & Michigan.
annual am ounts as w ill retire the debt a t or before m aturity. In Sept.,
Annual R eport .—Fiscal year now ends Dec. 31.—For years ending1894, $14,152,000 general 6s had be n issued, of which $2,500.000 June 30 results were as follows, the interest on bonds including:
w ere reserved to retire firsts and $1,999,333 had been paid back to fixed charges of Cin. Dayton & Ironton, D ayton & Michigan, etc.
com panj for debt and canceled.
Tear ending June 30.
1892.
1893.
R eport for 1893 was in V. 58, p. 986. (V. 56, p. 373, 1014; Y. Gross e arn in g s.......... .
.$5,018,983
$5,412,912:
57, p. 144,178; V. 58, p. 430, 476, 9 8 6 ; V. 59, p. 423, 476.)
Net earnings..................
$1,682,447
$1,844,280
Chicago & West Michigan.—
Owns from Lacrosse, Ind., to Interest on bonds___
$647,396
$8C 0,462
Traverse City, 301 miles; Allegan to Pentw ater, 98 miles; Big Rapids C. H. & D. dividends,
264,303
264,55&
Junction to Big Rapids, 52 miles; other branches, 31 miles; proprietary D. & M. dividends__
180,786
180,788
line, Chicago & North Michigan (opened in July,1892), Traverse City to
E lk Rapids and Bay View, 93 miles; total of all, 575 miles.
Balance, surplus............................. ................. $589,962
$598.474,
Organization , &c.—Successor of Chicago & Mich. Lake Shore Jan. 1, -(V . 55, p. 145, 215, 373,
1110; V. 56,
1879. Equipm ent bonds authorized, $500,000. Bills payable $198,000 59,144,179, 298,1122: V.639, p. 81, 549.) p. 81, 246, 463; V. 57, p,
58,
Jan ., 1894. June, 1894, coupons on gen. mort. were purchased a t
Cincinnati Hamilton A Indianapolis.— Map C. H.d!D.)—
(See
Union Tr. Co., N. Y., and Old Colony T rust Co., Boston. V. 58. p. 941.
D ividends —In 1887, 2 ^ p. c .; in 1888, 2; in 1889, 2; in 1890, 3; in Owns Ham ilton, Ohio, w est to Indianapolis, Ind., 99 miles.
Stock .—Common stock ($2,500,000) is all owned by the Cincinnati
1891, 3!g; in 3 892, 3*2; in 1893, Feb., IL j p. c.; none since.
Ham ilton & Dayton, which operates the road. V. 57, p. 144. P re­
L atest Earnings.—From Jan. 1 to Ju ly 31 (7 months):
7 months.
Gross.
Net.
Int., rentals, tèe.
Balance. ferred non-oumulative 7 p er oent stock, $281,679.
B onds.—The general mortgage, of which Continental Trus t Co. of New
1894.....................$864,026
$122,880
$229,308
def. $106,428
1 8 9 3 .............. 1,090,499
172,766
228,698
def. 55,932 York and the Union T rust Co. of Cincinnati are trustees, is for $3,800,000, of which sufficient reserved to retire first mort. bonds a t m aturity Annual R eport .—Report for 1893 was in Chronicle , V. 58, p. 865,
E arnings.—In year to June 30,1893, gross $805,068; net, $88,320;
ahowing gross earnings, $1,892,710; net, $398,567; charges, $392,490;
other payments, $3,903; balance, surplus, $2,174. In 1892 gross, int., $126,000; deficit, $37,680. In 1892 gross, $726,263; net, $88,080.
$2,032,540; net, $527,155. (V. 55, p. 100, 255, 297; V. 56, p. 5 00; V.
Cincinnati Jackson& Mackinaw.—
Owns from Carlisle, O,,
57, p. 298; V. 58, p. 303, 8 6 5 , 941.)
to Addison, Mich., 188 m iles; Allegan to Dundee, Mich., 133 m iles;
branches, 3 m.; traokage to Toledo, 23 m.; total operated, 347 miles.
Choctaw Oklahoma & Gulf BB.—
Wister, Indian Territory,
to South McAlester, Indian Territory, 65 m iles; F o rt Reno to Okla­
H istory .—This railway company succeeded on April 1,1892, a rail­
hom a City, 32 mileB; total, 97 miles. Contracts have been let for ex- road company of same name, sold in foreclosure in 1891.
tensipn to L ittle Rock, etc., 123 miles. Holds valuable coal leases.
The proposed lease to the C. H. & D. was dropped from the plan in
H istory .—A reorganization of the Choctaw Coal & Railway Co., sold February, 1894—see V. 58, p. 344. Cin. Van Wert < Mich, firsts and
&
an foreclosure Sept. 9,1894.
Jack. < Mack, consols, each with Deo., 1894, coupon attached, receive
£
Stock and B onds.—Capital stock, $3,750,000; par, $50. The bond p a r in new bonds and interest a t 4 p.c.from July, 1889, to June 1,1894.
issues are as follows, generals being reserved to retire the prior lien also in new bonds. Of new bonds, $270,000 used to pay floating debt,
bonds—$1,000,000 p rior lien 6 s ; $5,500,000 general m ortgage 5 s ; $1,- etc. The first coupon on new bonds is payable on Dec. 1,1894.
100,000 13d m ortgage income 5s. This provides $2,488,000 for re­
B onds.—The whole issue of new 4s will be $4,800,000, of which
ceivership claims and to complete the road.
$550,000 reserved
future
V. 58,
t is
The prior lien 6s are redeemable a t 105 after five years. They cover proposed to extend for road to requirem ents. See miles), p. 345. ICin­
Jackson, Mich. (; 0
and
about 220 miles to be owned by the company, are a first lien on the cinnati (50 miles). the securities w ere to be issued in spring into
New
of 1894.
coal estate owned, and cover equipm ent owned or hereafter acquired.
Capital Stock authorized and outstanding, $16,300,000.
See adv. Chronicle , Sept. 22,1894.
A nnual r e p o r t .—Report of C. C. & Ry. Co. for 1893 in V. 58, p.
E arnings.—1 m onth.— 5 1894, gross, $54,456; net, $12,082.
382, showed gross, $265,247; net, $r 5,701; profits on coal, $73,470;
Ju ly 1 to Ju ly 31.
( 1893, gross, 54,486; net, 4,925.
n e t receipts, $159,171. (V. 58, p. 382,1109; V. 59, p. 116, 290, 472.)
Annual R eport .—Gross for year 1893-94 was $618,123 ; net, $88,Cincinnati Dayton & Ironton.— m ap Cincinnati H am il­ 780. Report for year ending Ju n e 30, 1893. was in V. 57, p. 851.
(See
ton < Dayton.) Operates from D ayton to Ironton, Ohio, 162 miles; Gross earnings $735,537, against $696,588 in 1891-92; net, $177,367;
£
standard gauge, of which 8 miles between Bakers and Byers and 12 rental, $18,302; taxes, $28,448. (V. 55, p. 639, 1110; V. 56, p. 246,
m iles between Deans and Ironton under trackage c ontracts; also owns 463; V. 57, p. 638, 808, 8 5 1 , 979; V. 58, p. 344, 512, 715.)
from Wellston to Buckeye Furnace, 12 miles, and coal branches, 10
Cincinnati Lebanon Northern.—
&
Cincinnati, O., to Dodds, O.
m ile s; total owned, 164 m iles; total operated, 184 miles.
36 miles; branches, 2 miles; total, 38 miles, p a rt narrow-gauge,’
H istory .—Succeeded to a portion of the Dayton F o rt Wayne & Chi­ which is to be made standard. Operated to Lebanon only,
cago sold in foreclosure Jan . 20,1891 (see Y. 52, p. 164). L eased in 30 miles. See V. 57, p. 638, 808. Capital stock authorized, $1,000,A pril, 1891, for 99 years (renewable forever) to the Cincinnati Ham il­ 000; outstanding, $902,000; non-interest bearing certificates, $172,to n & Dayton, which guarantees the bonds, principal and interest; by 440. In year 1892-93 gross $134,797 (against $132,640 in 1891-92;
endorsement, and will tu rn over to lessor one-half the n et income net, $48,957; surplus ovei charges, $33,648.—(V. 57, p. 979.j




F

4»

M A P OK T IIE

CINCINNATI, H A M ILTO N
DAYTON RAILROAD

Septem ber

KAILROAD

STOCKS

AND

BONDS.

A N D CONNECTIONS.




44

INVESTORS’

SUPPLEMENT.

(Tol L.X,
.

Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
RAILROADS.
INTEREST OR DIVIDENDS,
| , î—
Prlnei
Miles D ate Size, or
Amount
pal, When Due •
Par
When
of
For explanation of column headings, &c., see notes of
Outstanding R ate per Payable Where Payable and by Stocks—
Last
Cent.
Road. Bonds Value.
on first page of tables.
Whom.
Dividend.
7
J . & J. J a n .,’87, paid Dec..’92. Jan. 1 , 1901
Cincinnati A Muskingum Talley—1st m ortgage.. .0 148 1870 $ 1,000 $1,500,000
100
3,000,000 See text.
Cincinnati New Orleans A Texas Pacific—Stock....... 336
Oct. 19,1891
1.566,000
Cincinnati Portsmouth A Virginia—Common stocfc 107
594,000
Preferred stock (see te x t)........................................ 107
1,800,000
86 1871 ' 1,000
Oin. Richmond A Ft. IT.- 1st m ort., gold,"tat. gu.c*
7 g. J. & D. N. Y. Winslow.
June 1 , 1921
53 1890
1,000
1,680,000
Oin. Saginaw A Mack.—1st M., $2,000,000, gold.. c*
5 g. J. & J. New York and London. Jan. 1 , 1920
1,000
650,000
OlearfieldA Mahoning—1st M.g. ,gu.p. &i. (end.). c*&r
26 1893
5 g- J. & J. N. Y., Gu. & Indem. Co. Jan. 1 , 1943
100
4,000,000 See text. Ann’lly.
Cleveland A kron A Columbus.—Stock.......................
Oct. 3, 1892
General mort. (now 1st,) for $1,800,000 gold_ 0 Ì78 1887 500 &o. 1,800,000
_
5 g. M. & S. Ham ilton Tr., Bk’lvn. Mch. 1 , 1927
1,000
730,000
Eauip. Tr. & 2d M., for $890,000 gold, (See text).o' 178 1890
6 g. F. & A. do & 32 Liberty,N.Y. Aug. 1 , 1930
1,000 Sep. .94 none
F irst consol, mortgagefor $4,000,000, gold....... 0* 178 1893
New York.
5 g. J. & D.
Deo. 1 , 1943
J. & D. Boston, Co.’s Office.
900,000
5
Cleveland Belt A Terminal—1st m o rtg a g e.............
6 ^ 1891
1941
100
See text.
1 ---Oleve. Canton A South.—Bret. 6 p. o. stock (See text).
(1)
Receivers’ certificates .........................................
2 ,000,000
1,000
5
J. & J. Jan. ,’94,coup, last paid. July 1 , 1917
Cleveland & Canton 1st mortgage, assum ed_ c 161 1887
_
1,065,000
1,000
Eauip. Tr. & Improve. 2d M. ($2,000,000) gold 0* 161 1891
5 g- A. & O. Apr.,’93,coup.last paid. July 1 , 1917
1,000
600,000
5
J. & J. July, ’93, coüp. last pd. July, 1917
Coshocton & Southern 1st m ort., gold., assum ed..
30 1887
1,000
200,000
W aynesburgh & Canton 1st M., gold, assum ed . ..0
6 1888
5 g. J . & D. June,’93, coup, last pd. June 1 , 1928
1892
1,000
5 g. M. & N.
CL Can. & So., consol. M., $26,000 p. m., gold. . 0*
May 1, 1942
134,371
6 K M. & N.
Boston.
Car tru s t bonds.......... ............. .................... ..........
100 28,000,000 See text. F. & A. Drexel, Morgan & Co. Aug. 1 , 1893
Oleve. Cinn. Oh. A St.L.—Com. st’k($28,700,000 au.)
do
100 10 ,000,000 5 per an. Q .-J .
do
Preferred stock, 5 per cent, non-cumulative.........
Oct. 1 , 1894
379,000
F. & A.
1,000
7
do
do
Indianapolis Cincinnati & Laf. m ortgage............o 154 1867
Peb. 1 , 1897
M. & N.
731,000
6
do
1,000
do
G. I. St. L. & C. con. M.,drawn a t 105, s.f. 1 p. c.c 175 1880
May 1, 1920
do
1886 l.OOO&o 7,755,000
Gen. IstM .. $10,000,000 gold, s.f. not dr’n..c<fcr
do
4 g. Q.—F.
Aug. 1, 1936
105,000
J. & J.
do
1,000
7
do
Bel. & Ind. 1st mortgage (part due yearly)............ 119 1864
J a n .’95 to ’99
M. & N.
1,000
3,000,000
do
7
do
Clev. Col. Cin. & Ind. 1st M., sinking fund............ 391 1869
May 1, 1899
do
1,000
4,029,000 7 or 6 g. J. & D.
do
Con. mort. (see text) draw n a t 100 if unst’mp’d 391 1874
June 1, 1914
do
1,000
3,205,000
do
Gen. consol, m ort, ($12,000,000) gold.......0* & r 391 1884
6 g- J. & J.
Jan. 1, 1934
Various
2 ,000,000
7
do
1,000
do
72 1869
Indian & St. L. 1st mort., in 3 ser. of $667,000.c.
July 1, 1919
do
1,000
500,000
do
72 1882
6 g. M. & N.
2d M. ($2.000,000), gold, Indianap. to Terre H. o.
Nov. 1 , 1912
do
1,000
650,000
do
62 1890
4 g. J. & J.
CLCin.Ch.&St.L., White W ater branch,1st, gold.o*
July C. 1940
M. & 8.
7
1,000
78,000
do
do
45 1871
Columbus Springfield & Cincinnati 1st m o rt...
Sept. 1, 1901
H istory .— Reorganized under this title in January, 1886. In March’
Cincinnati Sc Muskingum Valley.— map Pittsburg Cin­
(See
cinnati Chicago A St. Louis.) Owns Morrow, Ohio, to Trinway, O., 148 I 1893, persons interested in Ohio Southern acquired control, and in June’
miles. Reorganized as now January, 1870. Am ount due Pitts. Cin. 1894, both companies had been brought under one management. V’
Chicago & St. Louis Dec. 31, 1893, $1,081,013, and on unpaid co u -. 58, p. 1035.
pons including Jap.» 1894, $736,190. Capital stock, $3,997,320—par, [ D ividends .—In 1886 and 1887, each l ^ per cent; for 1888 and 1889,
$50—of which Penn. Co. Dec. 31,1893, owned $2,430,900. Pennsylva­ each 1 p. c.; in 1890 1 p. 0.; in 18911 p. c. in Nov.; in 1892, 1*4 in Oct.
nia Railroad owns $754,000 of the bonds. (V. 55, p. 1078.)
B onds.—The equipment bonds are redeemable a t 100 and interest on
Suit to compel the paym ent of overdue coupons ($630,000) and the
August 1,1900, ana a t 105 and interest on any August l thereafter
enforcement of the old lease was still pending in July, 1894.
E arnings.—In 1893, gross, $483,345; net, $27,042. Int. and other prior to 193o. See V. 56, p. 87. In October, 1893, $4,000,000 first
charges (including $30,088 for rolling stock and steel rails), $149,170; consolidated bonds were authorized, $2,530,000 being reserved to retire
present issues; balance for equipm ent and improvements. (Union
balance deficit, $122,128. In 1892 gross, $476,077; net, $59,503.
T rust Co., trustee.) See V. 57, p. 853, 979.
Cincinnati New Orleans Texas Pacific.— .—Operates
Sc
R oad
L atest
Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 miles. $681,255,E arnings.—From Ju ly 1,1893, to Mar. 31,1894 (9mos.),gross,
against $762,621 in 1892-3; net, $193,328, against $196,671.
H istory , E tc .—Organized in 1881 under law s of Ohio to lease the
Annual R eport .—Fiscal year ends June 30. Report for 1892-93
Cincinnati Southern Railroad, owned by the City of Cincinnati. In
April, 1890, the E ast Tennessee Virginia & Georgia obtained voting was in V. 57, p. 892. Gross earnings (including Dresden branch) were
power on $1,000,000 stock, through purchase of a controlling interest $1,030,240, against $967,943 in 1891-92; net, $274,411, against
m the Ala. Gt. South’n. In 1894 a m ajority interest in Alabama G reat $262,792; other income $899; rentals, taxes, &c., $71,195; interest,
So. stock was obtained by Cin. Ham. & D. interest. See V. 59, p. 371. $129,539; capital expenditures, $18,223; balance surplus, $56,353.
Control will depend upon the outcome of the demand for sale of collat­ —(V. 57, p. 638, 853, 8 9 2 , 979; V. 58, p. 474,1035.)
eral securing Cincinnati E xtension bonds.
C l e v e l a n d i R e l t Sc T e r m i n a l . —Owns 6 ^ miles term inal road at
R ental due City of Cincinnati is now $1,012,000 till Oct. 12,1896;
$1,102,000 till Oct. 12,1901, and $1,262,000 till 1906. B etterm ents of Cleveland, Ohio. Capital stock, $3,072,000.
about $150,000 revert to lessor annually.
Cleveland Canton Sc Southern.—
Owns Cleveland to Zanes­
R eceiversh ip .—S. M. Felton, the President, was on March 19,1893 > ville, O., 145 m iles; Canton to Sherrodsville, 43 miles; other branohes,
appointed receiver. Statem ent in June, 1893, showed to ta l assets» 22m.; total, 210miles. A consolidation May, 1892. (V.54,p.84).
$890,975; total liabilities, $1,210,371. Car tru st 6s July, 1892»
R eceivership .—In Sept., 1893, J. W. Wardwell and Fredk. Swift
$351,686,
were appointed receivers. V. 57, p. 510. In July Mr. Swift resigned.
Dividends since 1881: In 1882,1*2 p er cent; in 1883, 3; in 1889, 3; Floating debt secured by collateral was about $900,000. In January,
in 1890, 6 per c e n t; in 1891, 4 per cent.
1894, issue of $1,100,000 receivers’ certificates was authorized. See
E arnings.—Ju ly 1 to May 31,1894 (11 months), gross, $3,325,972» V. 58, p. 42. Litigation pending. See bondholders’ committee in V.
58, p. 512; V. 59, p. 228.
against $3,831,355 in 1893; net, $840,000, against $910,184.
Coupon P ayments.—
Coupons due Jan u ary 1,1894, on first mortgage
A nnual R eport .—Report for 1891-92 w as in V. 55, p. 721.
were paid after one day’s delay. October, 1893, interest on equipment
Year end. June 30. 1890.
1891.
1892.
1893.
mortgage went unpaid. Coshocton A South’n Jan., ’94, and Waynesb'g
Gross e a rn in g s.........$4,309,144 $4,379,143 $4,337,498 $4,174,970 A Canton Dec., ’93, interest had not been paid to Ju ly 15,1894.
$998,715
Net earn in g s............$1,580,963 $1,354,640 $1,137,688
Stock .—Common stock, June 30,1893, $4,151,209. In March, 1893»
Rental paid............. $912,000
$912,000 $1,124,121
1,116,285
$9
D ividends.................
180,000
60,000
60,000
....... , 100,000 of 6 per cent non-cumulative 1 st preferred was authorized
Sinking fund, e tc ...
90,912
100,750
............
............ to retire at p a r the old cumulative preferred.
E arnings.—1 month, > 1894, gross, $63,148; net, $19,129.
N et surplus........ $398,051
$281,890 def.$46,433 df.$117,570
Ju n e 1 to Ju n e 30
3 1893, gross, $85,224; net, $18,396.
—fV. 53, p. 289, 601 ,9 6 8 ; V. 55, p. 543, 721,1034; V. 56, p. 500, 883.
Annual R eport .—
Fiscal year ends June 30. Report for 1891-92
was given a t length in V. 56, p. 81, 87. In 1892-93, gross, $961,545;
Cincinnati Portsmouth Sc Virginia.—
Owns from Idlewild,
1891-92. gross,
O., to Sciotoville, 107 m iles; trackage (Cin. Lebanon & Northern) net, $275,836; deficit under charges, $35,057. In Tagst.
to Cincinnati, 4 m iles; total, 111 miles. Ohio & N orthwestern was sold $786,552, against $660,668 in 1890-91; net. $263,611 (V. 56, $227,888];
p. 81 , 87,
in foreclosure March 13,1890, and reorganized. Preferred stock is en­ interest paid, $227,576; balance, surplus, $36,035. 58, p. 42, 512,716;
246, 538, 578, 973; V. 57, p. 510,683,763,1082; V.
titled to 5 p er cent dividends, then common to 5, then both pro rata.
V. 59, p. 228.)
E arnings.—7 m o n th s,) 1894...............gross, $137,584 ; net, $24,510
Cleveland Cincinnati ChicagoSc St. Louis.—
(See Map.)—
Jan . 1 to Ju ly 31.
) 1893...............gross, 152,827 ; net, 24,868
In year 1892-93 gross $277,135; net, $44,744; no charges—n et spent Operates an extensive system of roads radiating fr m Indianapolis,
Ind., w esterly to Chicago, Peoria and Cairo, 111., and St. Louis, Mo., and
for equipment and im provem ents. In year 1891-92, gross, $254,247;
easterly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, with
net, $41,499. (V. 52, p. 899; V. 53, p. 48; V. 55, p. 1081.)
branches. The system, clearly shown on accompanying map, is made
Cincinnati Richmond.Sc Fort Wayne.—
Owns from Rich* up as follow s:
mond, Ind., to Adams, Ind., 86 m iles; leases 5 miles of P. F. W. & C.
Leased and controlled.
Miles
Owned directly
Miles.
Leased for 99 years to Grand Rapids & Indiana for net earnings. Interest Cleveland, 0 .,to —
& Cleve. Ry. —
Columbus,O.. 138
is guaranteed by the lessee and by the Pennsylvania Company and P itts­ Galion, O., to In d ian a p o lis,....203 Cincin. Sandusky D ayt’n, O.etc. 170
Sand’sky, O., to
burg Cincinnati Chicago & St. Louis Company jointly. Gross earnings Delaware to Springfield............ 50 Cincinnati & Springfield Ry.—
JanT 1 to Sept. 7, 1894 (8 ^ months), $263,125, against $311,579 In Cincinnati to L afayette.........1 7 4
Lud.G’ve(6m .fr.Cin.)toDay’n 48
1893. In 1893, gross, $436,832; net, $117,784; interest on bonds (13
Colum. Hope & Greensb’g RR.— 26
months), $136,500; rental, etc.. $29,883; deficit for year, $48,599. In Indianapolis to Terre H au te— 72
Trackage into Cincinnati, &o. 46
H arrison B ranch................
7
1892—gross, $496,602; net, $168,428. Stocx, $1,709,313—par, $50, of
Leased-rentire stock owned—
which Penn. Co. Dec. 31, 1893, owned $1,256,900. Due guarantors Cincin. Lafayette & Chic. Ry.— 56
Total included in earns... 1,895
Dec. 31,1893, $1,207,706.
Operated; earnings kept separate—
Cairo Vincennes & Chic. Ry.—
352
Cairo, 111., to Tilton & branch.267 Peoria & E ast’n Ry. (6).—
Cincinnati SaginawSc Mackinaw. Owns D urand to West
—
42
St. Lou. Div. T. H. to E. St. L.194 Kankakee & Seneca RR.—
Bay City, Mich., 53 miles. In October, 1890, leased till Jan . 1,1920, to
Mt. GileadShort Line..........
2
Grand Trunk and Chicago & Grand Trunk co’s a t a percentage rate, Columbus Springfield & Cin.—
Columbus, O., to Springfield.. 45 Dayton & Un. RR. (b)............• • 47
coupons purchased by them to be held alive and to be unenforceable
Trackage 111. Cent, into Chioago. 56
till toe m aturity of the bonds. Of the $2,000,000 bonds $320,000 were White W ater—H arrison, Ind., to
Hagerstown, Ind..................... 62
reserved for new term inals, extensions, &c. In 1893 gross earnings
Grand total, June 30,1893.2,394
were $165,190; net, $18,135; interest on bonds, $84,000; deficit for Cin. Wabash & Michigan Ry.—
47
Benton Harb. to Rushv. & Br.249 Double tr a c k ......................
year, $65,865—advanced by Grand Trunk and Ch. & Gr. Trunk Co’s.
Other lines (a)................... .
88
In 1892, gross, $214,698; net, $48,693. Stock, $1,500,000.
ClearfieldSc Mahoning.— map B uf. Boch. A Pitts.)—Owns
(See
a No debt, or bonds all owned by Clev. Cin. Chic. & St. L.
road, completed in 1893, from Du Bois, P enn., on Buff. Rook & Pitts.,
b More fully described in separate statem ent for this company.
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
The company is also one-fourth owner of the Peoria & Pekin Union
existence and renewals thereof to Buffalo Rochester & Pittsburg— Ry., one-seventh owner in the Term inal R ailroad Association of St.
which see—at a ren tal payable in gold and equal to 6 per cent on Louis and two fiths owner of the Indianapolis U nior Railway.
$650,000 stock, p a r $50, and 5 per cent on bonds, the la tte r being guar,
H istory , E tc .—A consolidation of the Cincinnai. Indianapolis St
p. & i., by indorsem ent on each. (V. 56, p. 695,972; V. 57, p. 1039.)
Louis & Chicago Railway Company, the Cleveland 'iilum bus Cincin­
Cleveland Akron Columbus Railway.—
&
(SeeM ap.)—Owns n ati & Indianapolis Railway Company and the Indianapolis & St. Louis
from Hudson, O., to Columbus, O., 144 miles; Dresden branch, Kilbrnk Railway Company, made in July, 1889. I t is one of the so-called
to Trinway, 34 miles, and trackage, Cinn. & Muskingum Valley Ry., V anderbilt roads. The St. Louis Alton & Terre H aute m ain line and
T t* * i/> wata nnpfthasftd in 1890 for SB .000.000 of 4 T6r C n t bonds.
v 5 .T .h
LO
)
6
Trinw ay to Zanesville, 16 m.; coal branches, 12 m ; total, 206 miles.




BONDS
AND
STOCKS
RAILROAD
S epte m b e r , 1894. J




INVESTORS’
SUPPLEMENT.
[V l
o.

u x.




BONDS.
AN D
STOCKS
RAILROAD
Se p t e m b e r , 1894.1




INVESTORS’

48

SUPPLEMENT.

[V o l . H X .

INTEREST OR DIVIDENDS.
1
RAILROADS.
" uou X ,
JixQ
Miles D ate Size, or
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—
of
Last
F or explanation of column headings, &o., see notes of
Whom.
Cent. Payable
Road. Bonds Value.
Dividend.
on first page of tables.
Cleveland Cin. Ohic. £ St. Louis/C oncluded)—
N. Y. Drexel, M. & Co. Sept. 1 , 1940
45 1890 $500 &o $1,103,730
Spring. & Col. Div. (Col. 8p. & C in.),lstM .,g.c
do
do
Jan. 1, 1939
4.763,000
C C. C. & St. L., Cairo V. & Ch. Div. 1st M., gold..C 267 1890 l , 1,000 10 ,000,000
do
do
Nov. 1 , 1990
000&e
St. Louis Div. (St. L. Alt. & T. H.) coll, tr., g.,c*&r 194 1890
do
do
4,000,000
July 1 , 1991
1,000
203 1891
Cin. Wab. &Mich. Div. 1st mortgage, gold........c
do
do
5,000,000
June 1 , 1993
1,000
1,808 1893
Gen. mort. 100 year bonds for $50,000,000 g.c
Obligations fo r P roprietary L ines .
do
do
792,000
Sept. 1 , 1901
1,000
56 1871
Cincinnati L afayette & Chicago.lst mort., gold..
New York and London. May 1, 1894
428,850
50
Cincinnati Sandusky & Cleveland—Pref. stock...
N. Y., Drexel, M. & Co. Jan. 1, 1928
2,571,000
1,000
Consol, m ort. ($3,000,000) gold (Seetext). . ---.c 170 1888
do
do
2 ,000,000
Apr. 1, 1901
1,000
48 1871
Cincinnati & Spring.—1st m., P i * 166 text"®
do
do
Jan. 1, 1902
125.000
1,000
48 1872
2d mortgage, Big Pour owns $526,000 m ore, .c
N. Y., B lair 33 Wall St. Oct. 1 , 1898
700.000
1,000
158 1878
Clevel. Lor. £ wheel.—Cl. Tusc. Val. & W.. 1st mori
do
do
Oct. 1, 1933
3 ,200,000
1,000
165 1893
Clev. Lor. & W. By., cons. M., $5,000,000, gold.c
70,000
N.Y.,Winslow,Lan.&Co Sept.’Ï5,Ï896
487,900
57 1876 500 &c.
Clev. £ Mahoning Veil.—C1.&Mah.3d M. (nowlet).O'
do
do
Jan. 1 , 1938
Cons. M. for $3,000,000, gold, ( ls to n 58 miles).c<W 125 1888 l.OOO&c 2,281,000
N. Y., Cuyler, Morgan. Aug. 1, 1937
590,000
1,000
97 1887
Cleveland dk Marietta—1st M. ,g., subj. to call a t 110
N. Y., Winslow, Lanier, Sept. 1 , 1894
50 11,236,900
Clcve. dk Pittsb.—Stock, 7 p. c. gaar. by Penn. Co...
do
do
Nov. 1, 1900
1,584,000
1,000
Consol, sink, fund mort. for $5,000,000,notdr’n.< 199 1867
do
do
Jan. 1, 1942
3.000,000
1,000
Gen. M. for $10,000,000 gold) series A............c’ 199 1892
do
do
Oct. 1, 1942
743,000
1,000
199 1892
guar. p. & i. (end.) Pa. E E . > series B . . . . . . —
do
do
Jan. 1, 1913
719.000
__ 1873 1,000
Constr’n and equip’tin c ., Ser. “A, d r n a t 100 -<
Phila., Phil. & R. Office, June 1 , 1898
Colebrookdale—1st m ortgage....................- -............ ' 3 13 1868 10 Ó &c. 2,600,000
See text.
Jan. 1, 1916
000,000
1,000
164 1881
Columbia < Oreenville—1st mortgage, gold......... e
6
Oct., ’92, coup, last pd. Apr. 1, 1926
1 ,000,000
1,000
164 1881
Balt., N. Farm.& Pl.Bk. Jan., 1937
707,000
1,000
1887
CohimbiaW&cb. ¿Laurens—istM ,for$i2,000 p.m.,i% 63
2 ,000,000
Columbus dk Cincinnati Midland—Common stock.
1 ,000,000
Preferred stock (see remarks) non-voting^. . . . . J. & J. N.Y.,Farmers’L.&T.Co, Jan. 1, 1939
2 ,000,000
1,000
70 1884
1st M .,ext., guar. p.&i. (end.)Cent.O.andB.&O.0
J. & J.l Balt., B. & O. RR. Co. Jan. 1, 1895
240,000
1890
Debentures, g u aranteed.
.............. - - - - 100 11,696,300
Columbus Hocking Valley £ Toledo—Common stock
July 2, 1894
2 ,000,000 5 per an. J . & J.l N. Y., Co’s. Office.
100
....
Preferred 5 per cent stock, non-cum ulative......
and has trackage into Wheeling. E xtension, Elyria to Cleveland, under I
In 1889 acquired the entire stock of the Cairo Vincennes\ & Chicago
and in 189() leased the Peoria & E astern (which see). In 1890 also construction. Reorganized in 1883 after foreclosure.
is
o r y . — This railway is a
1893,
practically absorbed the C olum bus Springfield & ^ ^ f Y h e nia tte r &HW. trailroad w ith the Cleve. consolidation in Nov., Y. 57, of the C. L. I
& Southwestern. (See
p. 808.)
Cincinnati Sandusky & Cleveland. E ntire common stock of the la tte r
is owned, and under a lease running till 1969 interest is paid on bonds
S t o c k . — Common, $8,000,000, and preferred, $5,000,000.
and dividends on preferred stock. V. 51, p. 457, 608.
B o n d s — The new consolidated mortgage for $5,000,000 (U.S. Mtge. I
Capital Stock .—According to Ohio statutes company has privilege Co N Y , trustee) covers 165 miles m ain line, the extension of 30 ■
of retiring preferred stock a t pa r after June 27,1892. On Jam L 1890» miles now being built to Cleveland, also 70 miles sidings, and equip- ■
the common stock w as $20,500,000, and it has been increased to pres­ m ent valued a t over $1,000,000. The mortgage provides for the retire- ■
m ent of th e Cleve. Tusc. Val. & Wheeling firsts a t m aturity.
en t figure to acquire stocks of lines absorbed, etc.
D ividends .—On preferred stock 1*4 per cent quarterly to date.
D iv id e n d s on preferred: In 1887, 3 p. c.; in 1888,2 p. c.; i n ’89,2 p. c. I
On common, in 1890, 4 per cent (1 per cent being e x tra m July), in
E arnings .—Earnings of the old company w ere: From July 1 to Dec. I
31 1893 (6 months), gross $720,955, against $763,602 in 1892; net ■
’91, 3 p. o.; in ’9 2 ,3 p. c.; Aug., 1*2; in 93, 3 p. o.; in 94, Feb., none.
B onds.—The Cincinnati Indianapolis St. Louis £ Chicago 4 per cent $235,456, aguinst $23o;988. For year 1892-93 gross $1,442,182, I
m ortgage for $10,000,000 w ill retire all prior bonds as they fall due, against $1,412,186 in 1892 and $1,332,534 in 1891; net $361,101, ■
against $329,217 and $323,355.-(V . 56, p. 463; V. 57, p. 341,808,979.) |
an d also the Cincinnati L afayette & Chicago 7s due September, 1901.
The sinking fund provision of the Cleveland Columbus Cincinnati £
C le v e la n d & M a h o n i n g V a lle y .-O w n s from Cleveland, O., to I
Sharon Pa.. 81 miles [57 double track]; Niles, O., to New Lisbon, 0.,and ■
Indianapolis consol, bonds of 1874 m ay be c a n c e le d a t option
branched 44 miles. Leased to N. Y. Penn. & Ohio till 1962; rental $514,- I
holders, and th e bonds so stamped. The principal of
payable in gold, b u t the interest is payable a t °Ption of holder either in 180 uer vear. payable monthly. Consols (trustee Central Trust Co.) are I
law ful money a t 7 per cent per annum or in British sterling a t 6 p c reserved^to retire prior bonds in 1896. Bonds for $127,000 were issued I
J.
Of the Indianapolis £ St. Louis first ^mortgage bonds senes A are in 1894. Coupon interest is J . & J., registered interest, Q.— Stock ■
is $2,759,2007 of which $2,758,250 is held by “Atlantic First Leased ■
J '<M th c c fG O . &’St^Louis ’ ir stm o rt.'Cairo Div. for $5,000,000, bonds Lines R ental T rust Co., Limited,” of London. Dividends, 11 to 12^ I
f
for $237,000 are held in reserve pending certam litigation. As to per cent per annum. V. 57, p. 179.
these bonds see Supplement of July. 1893.
.
, . t1l.
Cleveland & Marietta.—
Owns t o m M arietta, O., to Canal«
The $10 000.000 St. Louis Division bonds of 1890 issued to the St. Dover, and branch, 97 miles, and 8 miles, Valley Junction to Canal «
Louis Alton & Terre H aute in paym ent for its m ainline are now a Dover, leased. Pennsylvania, R R . obtained control m October, 1893, I
first collateral lien on th a t lin e ; $250,000 bonds are field. nu*be sinking having purchased about two-thirds of the stock. Stock, $2,000,000— ■
fund The bonds are not subject to call. They are direct bonds of the ■nar $100- car tru st Dec. 31, 1893, $228,173. In year 1892-93 gross I
Clev.’ Cin. Ch. & St. L. and are secured by deposit in tru s t of a purchase Ifm in g s were $362,025 / n e t , $47,892; interest, $55,267; taxes, 1
money mortgage for $10,000,000 executed by the Cairo Vmcennes & $ 9 ^ u f ;8 deficit, $16,593. In 1891-92 gross $337,077; net, $79,320. I
CM cagm w hlcf purchased the St. Louis Division in 1890. For deed of —(Y. 57, p. 721,979}
I
t o s t see V .52, p. 42-45. To Sept. 17,1894, $7,250,000 listed on N. Y.
Cleveland & Pittsburg
.—(See Map Pennsylvania Railroad.) I
Rochester, Pa., 124 miles; branches—Bayard, O.,to New
8 AertcrtbC Cincinnati W abash£M ich. 4 per cents, see V. 52, p. which Cleveland, O., to miles; Yellow Creekto Bellaire, 43 m.; trackage, Roch- II
e
The 100 year mortgage of 1893 is lim ited to $50,000,000, of which Philadelphia,31
$29,252,000 reserved to retire a t m aturity
bonds now out­ ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles I
L e a s e — Leased for 999 years t o m Dec. 1,1871, to Pennsylvania RE. I
standing on the various lines (exclusive of those on the Cano S ?
’
Cm, and lease transferred to Pennsylvania Co. Rental, 7 per cent on 1
tlx© Peoria division, tli© Michigan division and tli© St. Louis divisio
w est of Terre Haute). Of the balance $5,000,000 were authorized to stock, and organization expenses, the lessees assuming all liabilities.
be sold a t once for double-track, equipment, etc., and the remaining
B onds .—General mortgage bonds are all equally secured and bonds I
$15,748,000 can now be issued (since J uly 1,1894,) for new construction, cannot be called for the sinking fund. See guaranty, Y. 56, p. 604.
I
etc., a t the ra te of $1,000,000 a year. See V. 56, p. 578,792. Union
I n c o m e . — In year 1893 loss to lessee $225,792, against profit m 1892 I
T ru st Co. of Indianapolis is trustee, vice Theodore P. Haughey.
of $440, and losses of $14,795 in 1891, of $|>5J 7
and oi|
I t is a question whether or not the Cincinnati Sandusky £
I
consols of 1888 are now a first lien, some perspns claimmg th a t the $229/740 in 1889.—(V. 56, p. 164,332,604; Y. 58, p. 81, 556.)
f n i n m h i a *- i j r e e n v l l l e (S. C .) —Columbia to Greenville,|
preferred stock is secured by lien of prior bonds in t o s t . V .^8, p. 476.
V The Cincinnati £ Springfield firsts are guaranteed, one-half oi t b®^ S. C., 143 miles, w ith branches 21 miles. Also owned Laurens!
by C. C. C. & Ind. (now consolidated with Cl. Cin. Ch. & St. L.) ana one RR., 31 miles, and leased Blue Ridge RR-» 32 m.,
I
burg Un. &Col.RR., 69 m. Sold m foreclosure July 10,1894, ana ac I
h alf bv th e Lake Shore & Mich. So.
. I
Obneral F inances.— May 1,1894, there were outstanding $1,885, quired by Southern Ry. Co.
On
R e o r g a n i z a t i o n .— The Rich. & W. P. Term, plan as amended provides a
116Ebm s payable and $1,779,363 equipm ent bonds, the la tte r Payable
in yearly instalm ents. In July, 1893 $2,000,000 general m ort. 100- th a t this company’s first mortgage bonds shall receive interest at 5 per I
cent in cash Mid 1 per cent in preferred stock of the new company for I
y e ar 4s were sold and proceeds applied to reducing floating debt, and
E ? J u ie ,^ 8 9 4 ,th e rem ainder of the $5,000,000 given in f e balance f i v e v earffrom J a n 1,1893, and a t 6 per cent in cash thereafter. Their I
sheet of Ju n e 30,1893, as outstanding were listed o j N.Y . Stock nxen. uresent mortgage lien to rem ain undisturbed (except as to interest as |
above)- “ r S t o o r d e r to c a rry o u t this arrangem ent foreclosure be
L atest E arnings.—From Ju ly 1 to Ju ly 31 (1 m onth)—
found necessary, new bonds of eo.ua! lien to be TObstituted^ 8
j
1 month.— Cross earn’gs. N etm pdgs.
mort« a pebondsto receive 125 p. c. in pref. stock of new company.
ibqa
$921.562
$104,719
$232,468 def. $127,74«
Cninmbug& Cincinnati Midland.— Map Balt. £ Ohw.)~
(See
1893
1,205)252
236,577
218,383
sur. 18,194 Owns t o m Columbus, O., to Midland City, O., 71 miles; trackage to
ANNUAL REPORT.—A nnual m eeting la st Wednesday in October. Re­ Columbus, 1*2 miles. In January, 1890, leased for 999 years ^ Central
p o rt for 1892-93, w ith balance sheet, &c., m V. 57, p .4 6 6 , 472. For Ohio bv which assigned to Baltimore & Ohio. See V. 51, p; 718. The I
vear 1893-94, gross, including other income, was $13,034,050, n et $3,- B ^tim ore & Ohio assumes the Central Ohio’s guaranty
iTitfvrest, of the bonds and of 3 per cent per annum, payable semi-an
283,546, against $3,704,268 in 1892-93.
n u X c o m C n c i S g w i t h Jan. 1 1895, on the preferred, “ unless.sag
1893.
1892.
Tear end’g June 30— 1890.
1891- _
$3,824,201 $4,307,371 stock be redeem ed/’ etc. B. & O. owns the common stock. Neti m
9,338,787 1892-93® $34?613 ; interest, $108,892; deficit, $74,279, against deficit
I r e i l h l 6 ;.6^ ! ' . ' .
$i;608,219 9,129,417
769,993 in 1891-92 of $75,773.
.
631,768
Mail and ex p ress....
617,435
630,892
Tntal ftamiu^s $12 639.145 $12,888,616 $13,585,386 $14,416,151
O perigexp & to le ¿ '$ 8;739;Ì82* 9 ;i93;992* 9’838,542 10,964,787
,
N e t e a r n i n g s . . . . $ 3 ,8 9 9 ,9 6 3

$ 3 ,6 9 4 ,6 2 3

$ 3 ,7 4 6 ,8 4 4

$ 3 ,4 5 1 ,3 6 4

H i s t o r y . &o.—A consolidation in July, 1881, of
Hocking Valley, Columbus & Toledo and Ohio &
Capital Itock of $1,500,000 of the Mockung Coal & RR. Co co^romhg
10.000 acres of coal lands, w as purebasedin 1881 for $8,00 ,
Total netincome. $4,223,125
(niarantv on Toledo & Ohio Central 5s is disclaimed. V. 53, p. 43b.
^ S to t i i ^ p ro g re ss against parties formerly to control to re a v e r the
In terest on bonds ... $1>788,257
nroceedsof sale of $1,000,000 consolidated 5s, claimed to have been
R en tals. . . . . . . . . . . . . .
936,585
wrongfully diverted from treasury. General Term reversed deois
Dividends.......f . ........ 1,320,000
lower court and held defendante lia b le ; suit before the
Miscellaneous............
14,940
tember 1894. V. 57, p. 683; V. 58, p. 474, 635.
S urplus...............
$163,344
$101,561
$80,742 df.$362,003
Stocks —In Dec., 1891, $2,500,000 pref. 5 per c e n t stock, non-omnu__(V, 57 , p . 4 6 6 , 4 7 2 . 894, 979; V. 58, p. 636, 9 0 4 ,1035;V. 59, p. 152.) lative? was authorized, $2;000,000 being soM to old stookhohtors at
50 -S ee bonds below. I t is redeemable a t th e option of tbe eomp y
Cleveland Lorain &Wheeling.— J ^ ^ —Owns from Lorain, a t'n a r a t any time after three years t o m its date of issue. V. 54, P- 446.
(See
O.. to West Wheeling, O., 158 miles, and branch to Bellaire, O., 7 mues.

R e n ta ls......................
Interest, &c.......... .




265,513
57,649

245,823
232,730)
252,904
82,938 ____ 11,342 5
__
$4,023,384 $3,990,916 $3,704,268
$2,123,303 $2,293,642 $2,445,135
207,826
276,532
469,406
1,318,322 1,340,000 1,340,000
73,310
10,792




SO

INVESTORS’

SUPPLEMENT.

[V LLix
O .

Subscribers will confer a great favor toy giving Immediate notice of any error discovered In these Tatoles.
RAILROADS.
INTEREST FOR DIVIDENDS.
Bonds—
Prinol
Miles Date Size, or Amount
Outstanding Rate Per When Where Payable, and bv bal,When Due
Par
of
STor explanation of column headings, &c., see notes of
Slocks—
Last
Cent. Payable
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
•Columbus Hocking Valley < Toledo—( Concluded)—
£
Col. & Hook. Val. 1st mort., Colum. to Athens..c*
Ool. & Toledo 1st M. (Columbus to Walbridge)..c*
CoL & Tol. 2d mort. (Columbus to Walbridge).. .0
Ohio & West Va. lstm o rt. (Logan to Pomeroy)..o*
Consol, m ort., g., on road andH ocklng Coal & RR.
Gen. mort.,gold,on road & Hocking Coal& RR.Co.c
C ar tru sts...........................................- -.........- -- v• - - •
Car tru s t bonds for $1,750,000, gold, see te x t....
Ohio Land.& Ry.Co.purchasemoney M.,g., see te x t
Columbus Sandusky < Hocking—S tock ....................
&
Col. Sh. & Hock. 1st mort. for $5,000,000, gold.c*
Equipm’tM ., sub. to caU a fte r’96,($1,000,000) g.e*
Sandusky & Columbus Short Line—1st M., gold, c*
Equipm ent mortgage for $1,000,000................
Col. Sand. & Hock. gen. m ort., $10,000,000, gold
Zanesville Term’l Co. 1st m. for $500,000, gold.c*
Columbus Southern.—1st mtge., $12,500 p.m. gold.
Columbus < Xenia—Stock, 825 per cent rental
6
Concord < Claremont (N. H.)—1st mortgage..
6
Concord < Montreal—Stock, Class I. (B. C. & M pf.)
£
Stock, Class II (B. C. & M. new ).......................
Stock, Class III. (B. C. & M. old stock)..........
Stock, Class IV. (Concord) $6,000,000 auth. Text
Bost. Con. & Mon. improvem ent m ortgage......... c
Conoord&Montrealconsol.mort.for$5,500,OOO.c*
Conn. & Possum.—Pvet. stock, 5-6 p. c.ren’l,99yrs.c*
1st mort. (White Riv. June, to Canada line) gold.c*
Massawippi st’k, guar, same div. as Conn. & Pass.
Newport & Richford 1st mort. guar, by C. & P.c*
Concord < P orts—Stock,7 p .c.m T , 9 9 yrs. Conc’d ..
&
l
ConnecticutRieer—Stock ($2,670,000 authorized)..
Scrip, redeemable in ten years in cash or bonds..

76
118
118
85
325
325
Í62
115
115
110

4

88

55
71

166
262
110

37

22

47
80
80

1867 $500&c. $1,401,000
1,000
2,500,000
1875
1,000
600,000
1880
1,000
1,584,000
1880
8,000,000
1,000
1881
1,618,000
1,000
1884
900,000
1,000
1894
See text.
1.400.000
1894
1,000
(1)
3.545.000
1,000
1890
1,000
685,000
1891
3,000,000
1,000
1891
83,000
1893
1,000
1894
(1)
453.000
1,000
1890
1,000
1,087,500
1889
1,786,200
50
500,000
1894
800,000
100
540,400
100
459,*«00
100
4,200,000
100
500,000
1,000
1881
3,430,000
1,000
1890
2,500,000
100
1,900,000
1,000
1893
400,000
100
350,000
1,000
1881
350,000
100
2,580.000
100
1,290,000
1893

7
7
7
7
5 g.
6 g.
6 &7
6 g6 g-

A.
F.
M.
M.
M.
J.

&
&
&
&
&
&

O. N. Y., Atlantic T rust Co.
A.
do
do
8.
do
do
N.
do
do
S.
do
do
D.
do
do
New York City.
do
do
Q .-J .
J. & J. N. Y., Atlantic Tr. Co.

5 g- J. & J.
6 g. A. & O.
5 g- M. & N.
6
5 g. F. & A.
5 g. J. & J.
5 g. F. & A.
See text. Q.-M .
4*2 J. & J.
Q .-F .
6
Q .-F .
6
Q .-F .
6
Q .-F .
6
J. & J.
6
J. & D.
4
5 per an. F. & A.
4 g. A. & 0.
5 per an. F. & A.
J. & J.
5
7 per an. J. & J.
10 p. an. J. & J.
4 per an. J. & J.

See text.
N. Y., Metropol. Tr. Co.
See text.
N. Y., Metropol. Tr. Co.
N. Y., H atch & Foote.
See text.
Aug., ’92, coup, last pd.
Columbus, O., Treasurer
Bost., Treasurer’s office.
See text.
do
do
do
B’ston,Faneuil Hall B’k
Boston Safe D. & Tr.Co.
Boston, S. Dep. & Tr. Co.
do
do
do
do
do
do
Manchester, N. H.
Springfield, Mass.
do
do

Oct.
Aug.
Sept.
May
Sept
June

1,
l,
1,
1,
1,
1,

1897
1905
1900

1910

1931
190^

A p r.'l,'1904
Jan. 1 , 1914
Jan. I,'l9 4 0
Apr. C 1916
Nov. 1 , 1941
feb. 1 , 1944
July 1 , 1940
Feb., 1929
Sept., 1894
Jan. 1 , 1914
Aug. 1 , 1894
Aug. 1 , 1894
Aug. 1 , 1894
Aug. 1 , 1894
Jan. 1 , 1911
June 1 , 1920
Aug. l , 1894
Apr. 1 , 1943
Aug. 1 , 1894
Jan. 1 , 1911
July 2, 1894
July 2, 1894
Jan. 1 , 1903

Columbus& Xenia.—
Owns from Columbus, Ohio, to Xenia, Ohio»
D ividends .—On common stock since 1881: In 1883, 2*2 per cent; in
1885,1338 in stock; none since. Dividends on preferred: In 1892, 55 miles. Operated as a division of the Little Miami, and is leased for
Ju ly ,
per cent; in 1893, 5 p. c.; in 1894, Jan., 2 ^ p. e.; July, 2 ^ p. c_ 99 years from December, 1869,in connection w ith th atro ad ,to the Pitts­
St.
B onds—Consolidated mortgage was for $14,500,000, of which $ 6 ,- burg Cincinnati Chicago &the Louis, which pays 8 per cent on stock.
The
500,000 reserved to m eet prior liens; b u t in 1892 $777,000 consols The lease is guaranteed byk p erPennsylvania Railroad Company. cent
& Xenia pays
reserved for 7 per cents due Jan. 1,1892, were canceled, the 7 per cents Columbus and September82 andcent dividend per annum, 2i5 per
March 10
10
2 per cent June 10 and Dec. 10.
having been retired w ith preferred stock. The Central Trust Company
4g trustee. The general mortgage of 1884 is for $2,000,000.
Concord& Claremont(N . H . ) . —Owns from Concord to Clare­
The car trust bonds are secured on equipm ent costing over $2,600,- mont, N. H., 56 m iles; branch, Contoooookville to Hillsborough, N. H.,
000, on which $1,500,000 had been paid in 1894, and they will also 15 miles; leases—Peterboro & Hillsboro RR.. 18 miles; total operated,
«cover $390,000 of new equipm ent to be purchased w ith th eir proceeds. 89 miles. Controlled by Boston & Maine, which, w ith Boston & Lowell,
The «inking fund will retire about one-tenth of the issue yearly, the guarantees interest under lease of N orthern RR. 8tock, $412,100. The
7 per cent bonds due Jan. 1, 1894, were paid a t m aturity, and new 4*2
bonds being subject to call a t p a r and interest.
The Ohio L a n d & By. bonds ($1,500,000 authorized, N. Y. Security & per cents for a like amount, $500,000, were issued.
T ru st Co., trustee) are guaranteed principal and interest by the C. H.
Concord& Montreal.—
Operates from Nashua, N. H via Concord,
.,
V. & T. Ry., and are so endorsed. They cover about 11,000 acres of Plymouth, etc., to Groveton and the White Mountains, 564 miles in all.
00al lands, and are subject to call for the sinking fund a t 110 and ac­
Organization .—The Concord and the Boston Concord & Montreal
crued interest any Jan . 1 after Jan . 1,1896. Sufficient of the loan is
railroads were consolidated in September, 1889, forming this company,
reserved to tak e up all prior liens.
but the constituent companies retain a nom inal existence to preserve
G eneral F inances.—In April, 1894, $1,400,000 6s of Ohio Land &
Ry. Co. and $1,400,000 car tru s t 6 s were offered to stockholders a t the legality of certain leases.
Stock .—The Boston Concord & VLontve&lpreferred ( Class I.) is entitled
75. I t was said the funding into car tru st bonds would reduce the com­
pany’s annual charges by $200,000. The entire floating debt w as to to 6 per cent yearly; the Boston Concord & Montreal new stock (Class
be paid w ith th e proceeds of these loans, and a balance left in the II.), and old stock (Class III., amounting to $459,600) are entitled to
treasury. See Y. 58, p. 594. Estim ated earnings and charges, 6 mos., not exceeding 6 per cent yearly out of the saving which results
from the refunding of the funded and floating debt of the Boston
to Ju n e 30,1894, in V. 59, p. 152.
Concord & Montreal. The Concord stock ( Class IV .) will receive such
E arnings .—(6 months) 5 1894, gross, $1,112,478; net, $436,152.
dividends as m ay be declared after providing for the dividends on Class I.
Ja n u a ry 1 to Ju n e 30.(1893, gross, 1,647,110; net, 692,123.
Loans and bills payable Ju n e 30, ’94, $395,000 agst. $1,553,135 in ’93.
Annual R eport .—Fiscal year ends December 31. Annual m eeting
Dividends .—In 1890, on class I. and class IV., 6 per cent; in 1891,6;
will hereafter be held the th ird Tuesday in March. R eport for 1893
w as in Y. 58, p. 511. Traffic is mostly freight, and about 70 per cent of in 1892, 6; in 1893, 6. On Class II. Dec., 1891, 2 per cent; in 1892,
th is bitum inous coal. The grades have been so reduced th a t the average Oct., 3; in 1893, 6. On class III. in 1893, Nov., 1*2 per cent. In 1894,
on all four classes, Feb., 1 *2; May, 1 * ; Aug. 1*2 p. c.
2
tra in load of freight is very large—in 1893, 400 tons.
___
Tear ending Dec. 31—
1890.
1891.
1892.
1893.
B onds. &c.—The consolidated m ortgage was authorized to fund
Gross earnings........................................$3,056,752 $3,263,554 $3,372,585 $3,270,362 debt, to provide for retirem ent of prior bonds when due, and
the floating
for improvements. On Ju ly 1,1894, of th e consols unissued $500,000
Net earnings........................................... $1,308,200 $1,415,556 $1,482,141 $1,368,930
were
Miscellaneous.........................................
32,147
40,371
10,000 10,000 in possession of m ortgage trustee for bonds due 1911.
eport .—Fiscal
Ju n e
Total receipts..............$1,340,347 $1,455,927 $1,492,141 $1,378,930 inAnnual R721. For year year ends gross 30. R eport for 1892-93 was
V. 57, p.
1893-94
earnings, $2,413,907; net,
In tere st on bonds............. $977,420 $977,420 $923,030 $923,030 $691,680; rentals, $76,241; interest, $241,200; dividends, $360,000;
In terest on car trusts, etc.
38,205
60,850
55,782
67,265 balance, surplus to credit of operating account. $14,239. In 1892-93
In t. to Pa. Co. on lease,&c.
24,490
24,525
26,804
25,646 gross, $2,509,948 ; net, $624,344. (V. 55, p. 373, 421, 678 ; V. 56, p,
Dividend on preferred..................
............(2*2)50,000 (5)100,000 82, 205, 463, 668 ; V. 57, p. 7 2 1 , 938.)
Concord& Portsmouth.—
Owns Portsm outh, N. H., to Manches
B alanc e,su rp lu s........ .
$300,232 $393,132 $436,525 *$262,989
branch 7 miles. Leased
* Of t.nia am ount $261,514 w as spent for construction and equip­ ter, N. H., 40*2 miles, andrental, $25,000; 7 per cent to Conoord RR. in
1862 for 99 years. Lease,
on stock.
m ent, &c., leaving a surplus of $1,475. (V. 55, p. 589, 927; V. 56, p.
8 0 ,1 6 4 , 205, 4 6 2 ; V. 57, p. 683,1038; Y. 58, p. 474, 5 1 1 , 594, 635;
Connecticut& Passnmpslc.—
Owns White River Junction. Vt.,
to Canada Line, 110 m.; leases 999 years Massawippi Valley, 37 m.
Y. 59, p. 152.)
Columtous Sandusky & Hocking.— oad—Sandusky via
—
R
L ease .—From Jan u
1, 1887, leased to the Boston <
S
Columbus to Zanesville and southerly to Glouster, Shawnee and Lowell for 99 years onarybasis to pay Connecticut & Passumpsio stock
Shawnee Junction, w ith branches; total, 272 miles, of which 227 5 per cent per annum a
for ten years and 6 per cent thereafter. In
miles are owned and 45 miles leased.
October, 1887, the Boston & Lowell, carrying this road, was leased to
H istory .—Formed in December, 1893, by consolidation of the San­ Boston & Maine. Stock authorized, $3,000,000; outstanding, as in table.
dusky & Columbus Short Line and the Columbus Shaw. & Hocking.
Securities .—Massawippi stock receives same dividends as stock of
STOCK.—Common, $5,000,000. Pref. non-cumulative 5 p.c. $5,000,000. lessee, and $400,000 of it [not included in the am ount outstanding]
is pledged as p a rt security for 4s of 1893 [$1,900,000 authorized]
B onds.—Col. Shaw. & H. fir st mortgage o f 1890 (trustee, Met. T rust
Co.) covers the 115 miles of road from Col. to Shawnee and branches. which replaced $1,500,000 of 7s due April 1,1893. (V. 57, p. 1040.)
The Sandusky & Columbus Short L ine first m ortgage covers th e line
D ividends since 1880—In 1881, 5 per c e n t; in 1882 and 1883, 6 ; in
from Columbus to Sandusky; the mortgage is for $3,000,000. Metro­ 1884, 5%; in 1885 and since a t ra te of 5 yearly. See rental above.
politan T rust Co. is trustee of both mortgages.
Average annual n et earnings years 1890 to 1392, $219,883.
In Jan., 1894, there were also outstanding equipm ent notes of Col.
Connecticut River.—
Owns from Springfield, Mass., to Keene, N.
Bhaw. & H., $674,630, of San. & Col. Short Line, $454,997.
The Ool. Sandusky & Hock'g general mortgage of 1894 is for $10,- H., 75 miles; branches, 5 miles; total, 80 miles.
000,000 gold, of which sufficient bonds are reserved to retire all out­
L ease .—Leased for 99 years from Jan. 1, 1893, to the Boston &
standing bonds of both the old companies as they m a tu re ; $750,000 Maine, annual ren tal being $258,000 (equal to 10 per cent per annum
on present capital stock), payable in semi-annual instalm ents Jan. 1
consols were offeied to security holders a t 90 and interest.
Zanesville Terminal Railway is leased for 99 years, and its bonds guar­ ana Ju ly 1, and in addition thereto interest on 4 per cent bonds and scrip
anteed as to interest. This Term inal Company paid a dividend of 2 p 0. and $2,000 for expenses. Lessee pays all taxes, operating expenses,
in cash in August, 1892, and of 2*2 per cent in bond scrip in May, 1894. etc., b u t lessor shall issue its stock or bonds to meet the cost of per­
m anent improvements.
Stock is $453,000.
D ividends 1876 to 1892 inclusive 8 per cent per annum, and now
Coupons.—U nder term s of consolidation holders of Col. Shaw < H.
&
fir st mort. and Sand. < Col. Short Line first mort. bonds quite generally under lease 10 per cent. In January, 1893, paid *2 per cent extra.
&
B onds.—In 1893 $1,000,000 bonds were sold to pay floating debt.
agreed to accept in place of cash for th eir coupons m aturing in 1894
bonds of the consolidated company a t 90. Paym ent of July, 1894, in­
Earnings.—Earnings are now included in Boston & Maine operate re st on Zanesville Term inal firsts deferred till Oct., 1894.
ms. In year ending Ju n e 30,1892, gross earnings were $l,161,oio>
•ainst $1,120,645 in 1890-91; n et income (applicable to^dividends),
E arnings.—From Ju ly 1,1892, to Ju n e 30,1893 (12 months), gross
er rentals, interest, &c., $206,644, against $236*400 in 1890-91. (V.
earnings on 162 miles were $768,616; net, $299,524, against $257,160;
charges, $302,989; deficit for year $3,466.—(V. 57, p. 938,1083.)
» p. 256, 4 6 1 , 806, 1035,1077, 1110; V. 56, p. 82, 245, 289, 835; V.
,
’, p. 510.)
Columtous Souttoern.—
C ompleted in 1890 from Columbus, Ga., to
Connecting (Philadelptoia).— from M antua Junction t®
O wns
Albany, Ga., 88 miles. Stock, common, $880,000; preferred, $440,000.
’ankford Junction, Pa., 7 miles; to ta l mileage including 2d, 3d, « n
O perated by Georgia Midland & Gulf. For year ending June 30,1893,
acks and sidings, 44 miles. Leased to Philadelphia & Trenton ior
gross earnings w ere $82,229; net, $8,612, agst. $17,034 in 1891-92.
>9 years, and w ith th a t road operated by Pennsylvania RaUMaa.
Columtous Springfield Cincinnati.— Cleveland Cin ­
&
See
sntal pays interest, taxes and 6 per cent on $ 1 , 278,300 capital stook
cinnati Chicago & St . L ouis .




eptem ber

,

1891. J




RAILROAD

STOCKS AND

BONDS,

51

52

INVESTORS’ SUPPLEMENT.

LY . Llx,
ol

Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Tables.
RAILROADS.
INTEREST OR DIVIDENDS.
■tiunus—princi­
Miles D ate Size, or Amount
Due,
of
P ar Outstanding Rate Per When Where Payable, and by pal, WhenLast
Forexplanation of column headings, &c., see notes of
Stocks—
Road. Bonds Value.
Cent. Payable
on first page of tables.
Whom.
Dividend.
Connecticut River.—( Concluded.)
Bonds, not mortgage, for $1,000,000, g o ld ..........
Connecting (Phila.)—1st m., gu. p. & i. Pa. RR. en. o
Cornwall < Lebanon.—Stock...............— ..............
&
New 1st m ortgage for $800,000............................ r
Oresson < Olearf. Co. <& T. Short Route—1st M., g.
6
N.
Oumberl’d < Ohio—So.Div.lst M., p.&i. gu.by L.& N.
6
Northern Division 1st m ortgage,not guaranteed.
Cumberland < Pennsylvania— lstm o rt. gold, guar.
6
Cumberland Valley—Stock ($484,900 is preferred).
1st and 2d ms., gold (2d$109,500 due Apr, 1908.)
Danbury dt Norwalk—See New Y ork New H aven
Dayton < Mich.—Com. stock (S ^p.e.guar. C.H.&D.)
6
Preferred (8 per cent guar. C. H. & D.) endorsed.
1st mortgage, guar. p. & i. end by C. H. & D ....C
Dayton < Union—lstm o rt., sink, fund (notdrawn)c
6
Income m ortgage bonds, sinking fund.................r
Dayton < Western—1st M., guar. L. M. and C. & X .e
&
Dec.Chesap. <6New Orl.—1st M., $20,000 p. m.,g.c*
Delaware—-Stock—6 p. c. guar, till 1898, P.W.&B....
1st mortgage, convertible, guar., P. W. & B — c*
General m ortgage for $2,000,000, gold............. o*
Del. < Bound Br.—Stock—8 p. c. gu. Phila. & Read.
&
1st m ortgage................................... tSS............— ...
1st m ort. on Trenton Br., 2d mort. on m ain line.
Delaware & Hudson Canal—Stock..............................
1st mort. on Pennsylvania Div. ($10,000,000) c&r
Bluff P oint Land Improve. Co. 1st M.,gold,guar.c*
Delaware Lackawanna < Western—Stock.................
6
Con. M. now 1st M. on road & equip ($10,000,000) c

7

24
24
29
57

82

&Ha

1893 $1,000 $1,000,000
4 g.
1864
1,000
6
991,000
50
800,000 See text.
1891 100 &o.
800,000
5
1884 500&C.
750,000
6 g.
300,000
7
300,000
7
1,000
1891
1,000,000
5 g.
__
50
1,777,850 8 per an.
1856 500 &C.
270,500
8 g.

RTPOR D.

50
2,403,243 3*2 p. an.
50
1,211,250 8 per an.
1,000
2,728,000
5
1,000
225,000
7
I f >00
6
53,000
1,000
495,000 6 & 7
J ,000
6 g.
0)
25
2,218,132 6 per an.
100
85 1875 '.0 &c.
535,000
6
1,000
500,000
117 1892
4 1 g.
a
100
1,800,000 8 per an.
1,000
1875
1,500,000
7
27
1,000
4 1879
300,000
6
100 35,000,000 7 per an.
1877 l,000&o 5,000,000
7
1,000
1890
300,000
4 g.
___ '
50 26,200,000 7 per an.
1,000
3,067,000
288 1877
7
142
32
32
37

1871
1881
1879
1879
1864
1889

M. & S.
Boston.
M.15 &s . Phila., Penn. RR. Office.
J. & J. Co.’s off., Lebanon, Pa.
A. & O.
do
do
M. & N. In default; see text.
M. & S. N.Y., L.&N., 120 B’way
J. & D.
M. & N. N. Y.,Consol. Coal Office,
Q.—J. Phila. & Chambersburg.
A. & 0 .
do
do

Sept. 1 , 1943
1900-’l-’2-’3-»4
i'eb. 1 , I 894
Apr. 1 , 1921
May 1 , 1904
1898
1899
May 1 , 1921
July 2, 1894
Apr. 1 , 1904-8

A. & 0 .
Q .-J .
J. & J
J. & D.
J. & D.
J & J.
J. & J.
J. & J.
J. & J.
J. & J.
Q .-F .
F. & A.
M. & N.
Q—Mch.
M. & S.
J. & J .
Q.—J.
M. & S.

Oct. 1 , 1894
Oct. 2, 1894
Jan. 1 , I 9i i
Dec. 1 , 1909
After 1910
Jan. 1 , 1905
July 1, 1921
July, 1894
July 1 , 1895
July 1 , 1932
Aug. 20, 1894
Aug. 1 , 1905
Nov. 1, 1899
Sept. 15,1894
Sept. 1, 1917
Jan. 1, 1940
July 20,1894
Sept. 1 , 1907

Cincinnati.
do
N.Y., Kessler & Co., Cin.
N.Y., Am. Exch.Nat.Bk.
N. Y., Bank of America.
Dover, Co.’s Office.
Phil., Fid. I.T. &S.D.CO.
Philadelphia.
Phila., 240 So. Third St.
Phila. , Guar.T.& S.D.Co.
Phila., Of., 240 So.3dSt.
N.Y.Of.,21 Cortlandt St.
do
do
do
do
N. Y., 26 Exchange PI.
do
do

(par $50)—of which $1,277,700 owned by Pennsylvania Railroad.
Delaware Sc Bound Brook.—
Owns from Bound Brook (Central
ofNew Jersey) to Delaware River, 27 m iles; branch to Trenton, etc., 7
C urrent liabilities Dec. 31,1893, $1,113,139.
Cornwall & Lebanon.—
Owns from Lebanon. Pa., to Conewago. miles. In connection w ith Central of New Jersey and North Pennsylva­
22 m iles; branches, 2 miles. Dividends, form erly 4 to 4*2 per cent nia forms a line betweenNew York and Philadelphia. In May, 1879, th e
yearly, were in 1893 6 p. c.; also in 1892-93 paid a special dividend property was leased for 990 years to Philadelphia & Reading, the lessee
of 13 p. c.; in 1894, Feb., 2 p. c. In year 1892-93 gross earnings were paying interest and 8 per cent on stock. Rental $275,000. November,
$251,956; net, $129,955; interest, etc., $42,738; surplus for div., $87,- 1893, dividend was declared as usual. Gross earnings in 1892.
217/. In 1891-92 gross, $230,664. In Aug., 1893, car tru st 6s, $201,000. $1,132,441; net, $611,272, against $520,648 in 1891.
Cresson & Clearfield County New York. Short Route.— Delaware Hudso n—
Sc
Sc
(SeeMap J —Owns canal from Rondout, N. Y..
Owns from Cresson, Pa., to Irvona, Pa., 27 miles, and branch to Rich­ to Honesdale, Pa., 108 miles (completed in 1828), and operates railroad
land Mines, 2 miles. Leased for 99 years from Jan. 2, 1893, to the lines extending from Wilkesbarre, Pa., via Albany, N. Y., to Rouse’s
Pennsylvania RR. Co., which owns $910,150 of the stock. Point, on Canada line, w ith branches, 685 miles in all. The system is
Coupon due May 1, 1893, was not paid and some of the previous well shown on the adjoining map, and includes:
coupons are also held against the company. Bought by Pennsylvania
Lines owned—
Miles.
Lines leased—ITSee these cos. Miles.
RR. a t foreclosure sale early in 1894. The road is operated a t Lackaw anna & Susquehanna.. 22 IFAlb any & Susquehanna.......... 142
cost. Stock, $1,000,000; par, $50. Car trusts due Feb. 1,1900, $90,- Valley RR. of P a ....................... 17 ITNew York & Canada............... 150
000. In 1893 gross earnings $79,402; net, $32,469. (Y. 55, p. 1078.)
G ravity R R ..... ........................... 56 ITRensselaer & Saratoga............192
CumberlandSc Ohio.— Map Louisville < Nashville.)—
(See
6
Owns Schenectady & Mechanicville. 10 ITUnionRR................., ..........
22
as follow s:—Southern Division, Cumberland & Ohio Junction to ITCherry Val. Sharon & Albany 21 Jefferson RR. (trackage).......... 35
Greensburg, Ky., 31 miles; N orthern Division, Shelbyville to Bloom­ ifSchenectady & D uanesburg.. 14 Other lines................................... 4
field, 27 miles. The Southern Division was leased to L. & N. Sept. 19,
1878, for 25 years, and the 7s of 1898 guaranteed principal and inter­
Total operated ..... .............................................................................. 685
est. The N orthern Division w as leased Ju ly 28,1879, for 30 years to
Also leases U tica Clinton & Bingham ton and Rome & Clinton RR.,
th e Louisville Cincinnati & Lexington (now Louisville & Nashville), the 44 miles, sub-let to New York Ontario & W estern.'
net earnings to be applied to interest on bonds and sinking fund. Interest
H istory , E tc.—This company was chartered April 7,1823. It is
on N orthern Div. bonds w as in default in 1893. In year 1892-93, net
earnings of Southern Division, $21,137, against $15,635 in 1891-92, one of the largest miners and carriers of anthracite coal. See V. 54,
p. 799. In June, 1889, the Adirondack Railroad (60 miles) was pur­
and of Northern Div., gross, were $29,021, agst. $26,005 in 1891-92.
chased. Of the R utland Railroad stock D. & H. owns $3,000,000 pref.
CumberlandSc Pennsylvania.—
Owns from Cumberland, Md., and $1,000,000 common; road is leased to Central RR. of Vermont.
to Piedmont, Md., and several branches, 57 miles. Owned and oper­
Stock .—In May, 1894, $5,000,000 stock (making to tal $35,000,000>
ated by Consolidation Coal Co., which guarantees by endorsem ent the
w as offered to stockholders a t par, 20 per cent to be paid July 10 and
first mortgage. V, 52, p. 390. Stock, $1,500,000; par, $100.
balance Sept. 15,1894; proceeds to be used to retire $4,829,000 deben­
Cumberland Valley.—
Owns from H arrisburg, Pa., to Potomao tures due Oct. 1,1894.
River, Md., 82 miles (and w ith leased lines operates to Winchester, a
D ividends since 1880: In 1881,4*a; in 1882, 7; in 1883, 7; in 1884,
to ta l distance of 116 miles). I t leases—Cumberland Valley & Martinshurg Railroad, 34 miles; Dillsburg & Mechanicsburg Railroad, 9 miles; 7; in 1885, 6; in 1886 and 1887, 5; in 1888, 6; from March, 1889, to
Dec., 1893, both inclusive, 7 per cent yearly; for 1894 also the rate
Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad,
18 miles, b u t accounts are kept sep arate; to tal operated, 165 miles. has been fixed a t 7 p. c., payable 1% per cent quarterly.
B onds.—Adirondack R ailroad bonds carry the endorsed guarantee
New entrance into H arrisburg is proposed.
Stock .—Authorized, $2,000,000; outstanding, $1,292,950 common, of the D. & H. as to principal and interest. See th a t company.
The Pennsylvania Division bonds cover coal lands, collieries, rail­
$241,900 first pref. and $243,000 second pref.; of this $975,800 com­
m on and $237,200 preferred are owned by Pennsylvania RR. Co. Large roads, canal, equipm ent and all other property in Pennsylvania.
Annual Report .—Fiscal year ends Dec. 31. A nnual meeting is held
advances have been made to branch roads.
D ividends .—In 1880 to 1884, 10 per cent yearly; from 1885, to on the second Tuesday in May. Report for 1893 was in Chronicle ,
V. 58, p. 343. Coal (anthracite) carried in 1893, 6,177,659 tons,
July, 1894, both inclusive, a t ra te of 8 per cent yearly.
against 6,225,296 tons in 1892.
E arnings .—7 m onths.— 51894, gross, $417,813; net, $119,592.
1892.
1893.
Tear ending Dec. 31. 1890.
1891.
Jan u ary 1 to Ju ly 31. (1893, gross, 502,647; net, 123,054.
Receipts from coal. $7,800,207 $8,335,010 $9,629,333 $9,939,648
In year 1893 gross m ain line were $792,467; net, $188,353;
R ailroads.............. 10,670,732 10,062,324 10,356,443 10,212,412
Interest paid on bonds, $21,640; dividends paid (8 p. c.), $142,228;
452,765
520,258
Miscellaneous.......
911,968
711,869
balance, surplus, $24,485. In 1892 gross, $845,073; net, $228,629.
Dayton Sc Michigan.—
Owns Dayton, O., to Toledo June.. O., 141
T o ta l.................. $19,382,907 $19,109,203 $20,438,541 $20,672,318
miles, and leases Deshler to Findlay, 11 miles. Trackage (Lake Shore) Operating expenses. 13,303,234 13,511,776 13,977,757 14,050,131
into Toledo, l ^ miles.
N e t ...................... $6,079,673 $5,597,427 $6,460,784 $6,622,187
L ease .—Leased May 1,1863, in perpetuity to Cincinnati Ham ilton &
Dayton. R ental is the interest and sinking fund of debt, and 8 per Int., taxes & rentals. 3,511,333 3,393,377 3,425,320 3,407,637
cent on preferred stock and 3 *3 per cent on common.
Balance for stock. $2,568,340 $2,204,050 $3,035,464 $3,214,550
Securities .—G uaranty on preferred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of —(V. 56, p. 163, 286; V. 58, p, 222, 263, 343, 550, 595, 636, 773,
1856 is held alive under mortg. o f 1881, which is therefore a first Ben. 815,1034.)
E arnings.—Profit to lessee in 1887-8, $363,933; in 1888-9, $348,Delaware Lackawanna Sc Western,—
('«See lfop).-K oA D 068; in 1889-90, $379,494; in 1890-91, $392,365; in 1891-92, $386,400. Operates m ain line from Jersey City, N. J., opposite New York City, to
Gross earnings in year ending June 30, 1893 (including Troy & Piqua Buffalo, N. Y., 409 miles, w ith branches to coal region, etc., 491 miles.
branch, 8 miles), were $1,859,547; net, $712,118; surplus over interest The system, as clearly indicated on accompanying map, includes :
and dividends, $393,870. Current liabilities Ju ly 1,1893, $921,086.
Lines leased—
Miles.
Lines owned—
Miles.
Dayton Sc Union.—
Owns from Dodson, O., to Union City, Ind.. N. J. State line to N.Y. line ....1 1 5 TSyracuse Bing. & N. Y............. 81
T
32 m iles; leases Dayton to Dodsdon, 15 miles; total operated, 47 miles, B r’nchestoN ’rthum berl’nd,&c. 97 ijuticaC henango & Susq.......... 97
Operated by Cleveland Cincinnati Chicago & St. Louis, which, jointly
ITValley RR. of N. Y .................. 12
Lines leased—
with the Cincinnati Ham ilton & Dayton, owns the capital stock. All ITMorris & E ssex..........................120 ITW a rre n ................................... 18
surplus earnings over interest goes to a sinking fund for the redemption iTN.Y. L ackaw anna & W estern. 214 Sussex, &e.................................... 77
of bonds a t not above 100. Capital stock, $86,300. In year ending ITCayuga & Susquehanna......... 34
Oct. 31,1893, gross, $151,346; net, $73,648, against $73,833in 1891-92; TTOswego & Syracuse..... ........... 35
Total o p e ra te d ................... 900
taxes, $3,469; surplus over interest on incomes, $37,362.
1 See these companies for term s of leases, etc.
T
Dayton Sc Western.—
Owns from Dayton, O., to State line, Ind.,
H
one of the m ost im
37 miles, and leases 4 miles to Richmond, Ind. Leased from Jan u ary 1, coalistory , E tc .—This iscompany chartered portant of the anthracite
roads. Original
1849; pre’ ent title
s
1865, for 99 years, renewable forever, to Little Miami, and so operated assumed in 1853. Its leased lines are in ostly held under long
m
by Pittsb. Cm. Chic. & St. Louis. These companies are virtual owners leases, and the system is compact. In 1894 representatives of the
and answerable for all obligations. Of bonds $32,000 are 7s.
Vanderbilts entered the directory. See V. 57, p. 721
Decatur Chesapeake N. ©.—See March, 1894, Supplement .
Sc
D ividends since 1880—In 1881, 6% ; in 1882,1883 and 1884, 8; in
Delaware.—
Ownsfrom Delaware Junction (Phila.Wilmington &Bal­ 1885, 7%; from 1886 to July, 1894, Doth inclusive, a t ra te of 7 per cent
timore), Del., to Delmar (Maryland line), 95 m iles; branches, 22 miles. per annum.
Leased till 1897 to the Philadelphia Wilmington & Baltimore,
G eneral F inances.—On Deo. 31,1893, accounts receivable (includ­
which owns $1,181,325 of the stock. Rental, 6 per cent on stock ana
interest on bonds; any surplus of n e t earnings, after paying rental, ing cash and Goal on hand, &o.) were $8,309,192, against $9,189,258
divided equally between lessee and lessor. In year ending October 31, Dec. 31,1892; accounts payable, $6,563,553, against $8,854,475.
E arnings.—The leased lines for 12 months ending Ju n e 30, 1894,
1893, gross earnings were $1,389,220; net, $525,739; interest, divi­
dends, etc., $212,945; surplus, $312,794, against $105,490 in 1891-92. had surplus overcharges of $1,434,826, agst. $2,199,462 in 1892-93.




STOCKS AND BONDS.
RAILROAD
18 4
9 .}
Septem ber,




5 4

BTVESTORS’

SUPPLEMENT.

[V o l . LIX.

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these
RAILROADS
INTEREST OR DIVIDENDS.
Miles D ate Size, or
Bonds—Prima,
Amount Rate Per When
For explanation of column headings, &c., see notes of
of
pal, When Due,
P ar
on first page of tables.
Road. Bonds Value, O utstanding Cent. Payable Where Payable, and bv Stocks—Last
Whom.
Dividend.
Delaware Maryland < Virginia^-Stock..
6
$25
$526,758
Junction & B.—1st m. to State, red. aft. Jan. ’95
44 1860
185.000
3
J. & J. Phila.,233 So.Fourth St, Jan. l , 1932
Junction & Breakw ater 2d m ortgage............. ...o*
44 1879
1,000
250.000
4
F. & A.
do
do
Break. & Frank. 1st m. to State, red. aft. Ja n .’95.
Feb., 1899
19 1874
200.000
3
J. & J.
do
do
Worcester RR. 1st. M. (s.f. n o tin o p e rat’n) gold.o*
Jan. 1 , 1932
35 1876 500 &c
400.000
4 g. A. & O.
do
do
Denver Leadville < Gunnison—1st M., g o ld ...c * sr
£
April, 1896
2.308.000
4^2 g. M. & N.
New York.
Denver < Rio Grande—Stock, com., ($45,500,000)
£
Nov. 1 , 1918;
100 38,000,000
Pref, stock, 5 per cent non-cum. ($28,000,000)...
100 23.650.000 See text.
Office, 47 Wm. St., N. Y,
1st mort. $1,000 gold or £206 sinking fund. ,c*&r 295 1871 500 &c. 6.382.500
See text.
M. & N, N. Y .,F ourthN at. Bank, Nov. 1 , 1900
1st consol, mortgage (for $42,000,000) gold c*&r 1,621 1886 500 &o. 28.650.000
& J,
do
do
Jan. 1 , 1936
Im provem ent Mort. ($5,000 per mile) gold.. .c*&r 1,621 1888
4g
> & D,
500
8.103.500
do
do
5 gDes Moines dk Fort Dodge—Common stock.......
June 1 , 1928
100
4,283,100
Preferred stock.......................... ...................... -___
100
763,500 See text.
Chicago, C. R. I. & Pac. •Aug. l , 1894
1st M. Des M. to Ft. Dodge, Series A, int. guar.,end
88 1874
1,000
1.200.000
4
N.Y.,Chic.R.I.&Pao.Co. Jan. 1 , 190 a
1st m ort., Series B, income, int. guaranteed, end.,
88 1874
1,000
1,200,000
2*2
do
do
1st mort. on extern, T ara to Ruthven, int. g u a r..
June 1 , 1905
56 1881
1,000
672.000
4
do
do
Des Moines < Kansas Oily—S to c k ............. .
6
June 1 , 1905
112
100
800.000
1st M. funding and imp. ($2,000,000), goid! "c*&r 112 1892
1,000
ml
5 g- J. & J.
Jan. 1 , 1932
Des Moines No. dk Wes*.—Stock ($15,000,000 auth.)
300
4.200.000
1st mortgage, gold ($18,500 p er mile)................o 150 1892
1,000
2.770.000 4 to 5 g. J. & J. N. Y., Metropol. Tr. Co. Jan. 1 , 1932
Des Moines Union—1st M. for $800,000, gold.
c*
3 1887
1,000
552.000
5 g. M. & N. N. Y., Central Trust. Nov. 1 , 1917
Detroit Bay Oity dk Alp.—Stock ($2,000,000 auth.)..
100
1.670.000 See text,
1st mortgage, gold................................................. c*
See text.
1883
1,000
2.500.000
J. & J. Jan ., ’93, la st coup. p ’C.
1. 19Í3
Detroit Grand Haven < Mi*.—1st equip. M. gu "c* 189 1878
6
1,000
2, 000,000
I 8- A. & O. ■N.Ÿ.Ag’cyBk. Com., > Jan. 14,1918
Nov.
Consol, m ort., guar, by Gr. Trunk of Can..........c* 189 1878 200 &o. 3.200.000
6
A. & O.
Canada & London. < Nov. 15,1918
Detroit Hillsdale dk S.W.—St’k,4p. c.ren t’l,L.S.&MS.
65
100
1.350.000 4 per an. J. & J. N. Y., Farm . L. & Tr. Co. July 5, 1894
Detroit Lansing < Northern—Stock, com m on.. . . . . .
&
100
1,825,600
F. & A.
Preferred stock.........................................................
Feb. 15, 1887
100
2.510.000
F. & A.
Feb. 15, 1888
Ionia & Lansing 1st M.,extended in"i889,guar."c*
55 1869
1,000
770.000
5
J. & J.
See text,
July 1, 1899
D.L. & N. consol, mort. (1st m ort.on 167 m.)...o* 222 1877 500 &c. 2.672.000
7
J. & J.
do
Jan. 1 , 1907
Saginaw & West. 1st M., gold, guar.,endorsed..c*
43 1883
1,000
566.000
J. & J.
do
Ju ly 1, 1913
Gr. R. L. & D. 1st M., ($20,000p. m.) endorsed. . c*
55 1887
1,000
1.108.000
I * ’ M. & S.
do
Sept. 1 , 1927
-A^p^UAi' R eport .—Fiscal year ends Dec. 31. A nnual m eeting is held
on the Tuesday preceding the last Friday in February. The report for
1893, w ith balance sheet, was in Chronicle , V. 58, p 177
Year end. Dec. 31.
1890.
1891.
1892. '
1893
Total grossreceipts.$40,688,645 $41,849,754 $46,226,283 $48,790 973
Operating expenses.. 32,409,859 33,894,519 37 ,781,880 > K ’
O
240,019
121,474
464^540 5 40,537,572
Betterm ents, &c.......

1892.
_
;
10(7^.
Interest on bonds....................... $1,986,675
Taxes and insurance........
362,127
240,000
B etterm ents.............. ...............
Miscellaneous..............................
269,989
Di vidend on preferred stock....
Nil.

1893.
$1,986,675
352,088
240.000
109,065
473.000

1894.
$1,993,873
347,227
85,030

$929,309
$87,663
Total e x p en ses....$32,739,878 $34,016,065 $38.246,420 $ 40,537,572 Balance, su rp lu s........................ $914,113
Net receipts.........
7,948,767 7,833,689 7,979,863 8 253 401 —(Y. 56, p. 42, 205 ; V. 57, p. 59, 3 9 6 , 4 2 1 . 422, 4 2 3 , 683 721 763
938,1039; V. 58, p. 1072; V. 59, p. 234, 3 9 6 , 4 2 0 , 4 2 4 ,)
’
Interest and rentals. 5,328,494 5,418,226 5,366,406 5,360 490
Denver Texas &Fort Worth.— U nion P aC. le n v e r &G »
See
ulf
Balance, su rp lu s.... $2,620,273 $2,415,463 $2’613,457 $2’892,911
Des Moines
Dodge.—
Owns Des Moines to Fort Dodge
Dividends (7 p. c )... 1,834,000 1,834,000 1,834,000 1,834,000 la., 87 miles, and& FortRuthven, 56 m iles; trackage, Illinois Central
Tara to
Fort
J unction. Leased
Balance a fte rd iv s ...
$786,273
$581,463
$779,457 $1,058"911 Tara tofor 18Dodge a t rental of 30 perJan . 1,1887, to Chi. Rock Island
Pac.
years
—(V. 55, p. 257, 806; V. 56, p. 163, 793; V. 57, p. 299, 721, 854; V. 58, guarantee of 4 per cent interest on the cent of gross earnings, with a
first mortgage and extension
p. 1 7 7 ,3 0 6 ,3 4 5 ,8 1 7 ; V. 59, p. 234.)
’
’
’ bonds, and 2Lj per cent per annum on the incomes. D iv idend s _On
D e l a w a r e M a r y l a n d & V i r g i n i a . —Owns from H arrington to Preferred in 1893, Aug., 2 p. c.; 1894, Aug., 4 i> c. Rental in year
.
Rehoboth, Del., 44 m iles; Georgetown to Franklin City, Va., 54 miles- 1892-93 was $142,077 (of which $104,880 required for interest on
total, 98 miles. Controlled by Philadelphia Wilmington & Baltimore, bonds), against $143,432 in 1891-92.
and so by Pennsylvania Railroad. See V. 50, p. 498. In 1892-93
n et earns., $45,340; surplus, $3,703, against deficit, $15,978 in 1891-92. , D e s M o in e s & K a n s a s C ity .—Des Moines, la., to Cainsville, Mo.
Under
D e n v e r L e a d v il l e & G u n n i s o n . —Narrow-gauge road from | I ^ M , 3 - f o p t SauS6- Foreclosed in 1887. trustee),the mortgage for
$480,000 bonds
Denver, Col., to Leadville, 151 m iles; Como to Baldwin Mine, 131 $2,000,000 (Massachusetts Safe Deposit Co., new equipm ent, repairs,
are pledged as collateral for notes given for
m iles; and other branches, 43 m iles; total, 325 miles.
etc.—the authorized issue is $8,000 p er mile on narrow gauge, $16 000
The Union Pacific owns all of the stock ($3,000,000) and the bonds
of this company. Of the $2,308,000 bonds, $2,254,000 are held as per mile on broad gauge road. Y. 55, p. 297. In year 1892-93 gross
net, $10,554; against $7,077 in 1891-92; charges,.
security for the Union Pac. coll, tru s t bonds of 1889.—See Union Pao
<ck
V. B.
In Aug., 1894, F ran k Trumbull was appointed receiver and bill of &4:1.?.4: s tJ ? n held by President, M.(Y. 55, Edgerly, as Trustee. Current
liabilities a 1,1893, $638,509.
p. 297.)
foreclosure filed. V. 59, p. 291.
i
Des Moines Northern Western.—
Sc
Owns from Des Moines to
E arnings . In year 1893 gross, $685,678; other income, $3,510;
Fonda, Iowa, 115 miles, and from Clive (7 miles from Des Moines) to
S rn S & T
and *“ “ ■« “ .818. In 1892 gr»»., Boone, 35 miles; total, 150 miles—all standard. A consolidation of
bonds bear 4 per
D e n v e r dp R i o G r a n d e .—(See Map)—Road—
The lines of th is! Jan . 1,1892. The Mortgage trustee cent interest till Jan. 1 ,1897; there­
5 per cent.
is the M etropolitan
company, well shown on the adjoining m ap, reach all the im portant afterAugust, 1894, a controlling in terest was acquired T rust Co., N. Y.
o
points in Colorado, while its standard gauge line from Denver via Pueblo i. as St. Paul, which will operate the road separately. V. by Chicago Mil.
59, p. 228.
westerly, via Leadville and Rifle C reek, forms a link in the trans-1
Continental route to Ogden, Salt Lake City, &c. Its to ta l mileage I E arnings. - I u year 1893 gross $397,778; n et $119,020, against
$141,800 m 1892; deficit under charges in 1893, $6,939.
m ain lin e Ju n e 30,1894 (including Rio Grande Junction RR., etc., 62 I
milef!
18 mll.es owned but leased to Rio Grande Western). *
A
miles in length, in Dea
™ 1,632 miles, of which 682 miles w as standard or laid w ith a third ! Des Moines Union.— term inal road, 5 Western and Des Moines
r a il ; 2d track and sidings 357 miles, of which 257 m. standard or 3-rail. N. & W. Phased to Wabash RR., Chicago G reat
Rental equal to expenses and fixed charges paid m onthly by
H istory .—Reorganization of a railway company of same name fore- lessees on wheelage basis. Stock authorized, $2,000,000; outstanding.
olosed Ju ly 12,1886. The Rio Grande Junction is leased jointly by $400,000— a r $100. Due on real estate F eb .l, 1894, $54,775.
p
this company and the Colorado Midland, and its bonds guaranteed.
Detroit Bay City
&
Owns from Alger, on Michigan Cen­
, D ^ dends .—On preferred stock: In 1 8 8 7 ,2 ^ per ct.; in 1888. 3%; in tral, to Alpena, 105 miles;Alpena.—
Mud Lake
1889, niy m 1890, 2%; in 1891, Feb., 2 ^ p. c.; then none till 1893, 38 m.; other branches, 49 Loon Lake Branch, 32 m .;224 miles. B ranch.
miles; total Jan. 1,1893,
Much
when in Feb. 1 p. c. was paid and May 1 p. c.; in Aug, none. See below. the branch line mileage is tem porary, built only to bring out lumber. of
$ rst mortgagesevens are payable a t option of
R eceiversh ip . -O ct. 26,1893, D. M. Dickinson was made receiver.
holder either in N. Y. City $35 U. S. gold, in London, £7 4s. 5d. sterling,
or m Amsterdam 86 florins, all free of U. S. taxes. Of the first con­ B onds, E tc .—Loans and bills payable Jan . 1, 1893, were $120,396.
July, 1893, coupons were not paid. See V. 57, p. 255. A m ajority of
solidated goldbonds (United States Trust Co., trustee) $6,382,500 were
reserved to retire the first sevens when due, and they can be issued at the bonds has been deposited w ith Drexel, Morgan & Co.
such rates of interest up to 7 p. c. as will retire said bonds. Upon pay­ m KNIN6S~ From J a n - 1 40 Sept. 30 (9 months), in 1893 gross.
^
m ent of th e first 7s the first consols will be a first lien on all the prop­ $324,918, against $272,255 in 1892; net, $147,585, against $85,600
erty, as they are now on about 1,300 miles of road and all the equip­ In 1892 gross earnings, $351,706; net, $95,506; interest on bonds,
m ent. Consols for $6,900,000 are also reserved for extension to Ogden, $150,000; balance deficit, $54,494. In 1891 gross, $117,674; net.
if deemed advisable. Those unissued m ay be used w ith the consent of $132,819.—(V. 51, p. 113; V. 52, p. 3 2 0 ; V. 55, p. 995; Y. 57, 468,72J.)
of. the preferred stock for extensions a t not exceeding
Owns from D etroit.
$20,000 p er mile. 8ee abstract of mortgage in Ch r o n ic l e , V. 47, p 228 „D e trD it Grand Haven & Milwaukee.—
The improvement m
ortgage (U. 8. T rust Co., trustee), is issued on the Migji., to Grand Haven, Mich.., 189 miles. A reorganization of Septemproperty covered by the consolidated mortgage, and so eovers all the oer, 1878. The bonds are guaranteed by the Grand Trunk of Canada,
company s property, following immediately after the consolidated. Stock, $1,500,000; par, $50. Real estate mortgages, $226,000.
From January 1 to May 31,1894 (5 months), gross earuings were
Mortgage abstract in Chronicle , V. 47, p. 229.
$36,137,
G en e r a l F inances .—In February, 1893, the company having dis­ $384,096, against $436,932 in 1893; net, $187,114; against $49,394.
Gross
charged all of its bills payable and loans, resumed paym ent of divi- terest, earnings in 1893, $1,112,722; net, Trunk Ry. deficit under in­
etc., $177,083—advanced by Grand
dends out of earnings, but in June, 1893, the directors decided to pass
the quarterly dividend upon the preferred stock, because of the uncer­ , Detroit Hillsdale Sc Southwestern.—
Owns from Ypsilanti,
tain ty regarding the mining industry in Colorado; none has been paid Mich., to Bankers, Mich., 65 miles. Succe-sor to Detroit Hillsdale &
since. On June 30,1894. the company held in its treasury stocks and Indiana, foreclosed Jan. 28,1875. Leased in perpetuity from Ju ly 1,
bonds valued a t $1,503,711, for the acquisition of a p a rt of which it 1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
awed $150,000. There was no other floating debt. The “ special re­ per year—4 per cent. I n year 1893 gross $42,208, agst. $44,937 in 1892.
new al fu n d ” held $437,647.
Detroit Lansing& Northern.—
Owns from Grand Trunk JunoL atest E arnings.—From Ju ly 1 to Ju ly 31 (1 month):
taon, Mich., to Howard City, Mich., 157 miles; branches—Stanton Junot Month. Gross earnings. Net earnings. Interest, etc.
Balance. tion to Big Rapids, Mich., 63 miles; Belding Branch, li« miles; total
2§g4 ..........
$438,861
$135,593
$203,039
def.$68,346 owned, 222 miles. Leases: Grand Trunk Junction to Detroit, etc., 13
1893..........
478,891
110,713
201,871
def. 91,158 miles; Lansing to North Lansing, 1 m ile; Saginaw < Western RR.—
fc
j A nnual R eport .—Fiscal year now ends Ju n e 30. Annual meeting Alma to Howard City, 43 miles; Grand R apids Lansing & Detroit Rail­
is held a t Denver the third Tuesday in October, Full rep o rt for road—Grand Rapids to Grand Ledge, 53 miles, and branch, 2 miles;
yea-' 1893 94 was in V. 59, p. 396, 420, 424,
total, & m il A; also operates Saginaw Valley & St. Louis, 45 miles,
34
Year ending June 30—
1892.
and pays interest on its debt, but reports earnings separately.
1893.
1894.
Average miles operated............ 1,610
1,646
1,654
—On Jan . 1, 1894, current liabilities exceeded assets
Gross earnings............................ $8,830,947
$9,317,647
$6,476,044 by $417,338. Friends of the company purchased the July, 1893.
N et earnings............................... 3,709,354
4,035,562
2,503,493 coupons. The Sept ,’93, coupons of the G. R. Lan. & D etroit were also
O ther incom e..........................
63550 54,575
10,300 purchased, see V. 57, p. 22, but coupons due in January, 1894, w ent to
in March,
T otal n e t incom e....................... 3,772,904
4,090,137
2, 513,793 default. Plan of reorganization presented 50 year 4s,1894, and given
in V. 58, p. 474, provides for $6,500,000
dated Ju ly 1,




S e p t e m b e r , 1894.]




RAILROAD

8TOOK8 AND

BONDS.

DENVER & RIO GRAN!
RAILROAD
lo g o

3e lo s P oa u a f t

SS

5 6

m VESTOKS’ SUPPLEMENT.

C O .LIX,
V L

Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.

O




©
*0

RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Due.
Amount
P a r Outstanding Rate per When Where Payable, and by pal, WhenLast
of
F or explanation of column headings, &c., see notes of
Stocks—
Road. Bonds Yalue.
Cent. Payable
Whom.
on first page of tables.
Dividend.
$100
6
A. & 0. N. Y., 143 Liberty st.
$140,000
Dover & Rockaway—Stock 6 p. c., rental 999 years.
1,000
6
J. & J.
5 1881
35,000
do
do
1st m ortgage.............................................................
100
8,000,000 See text.
N. Y., Office, 214 B’way. July 19,1894
Dubuque dt Sioux City—Stock............... ...................... 524
5 g. J. & D
do
do
General mortgage for $3,000,000, g o ld .......... c&r 143 1888 1,000«fee 2,231,000
June 1, 1938
7
A. « O.
fe
do
do
Iow a Falls & Sioux City 1st M., Ia. F. to S. City.. 184 1869 500 &c. See text.
Oct. 1, 1917
3,930,000
5
J. « D.
fe
do
do
Cher & Dak and Cedar Rap. & Chic. 1st m o rts... 197 1888
Dec. 1, 1935
5
A. < O. N. Y., Office, Müls Bldg. Oct. 1, 1937
fe
Duluth & Iron Range—1st mortgage.................. c&r 149 1887 l,000&c 5,758,000
3,500,000,
6
Income certificates....................................... ..........
'6
1892
1,200,000
J. « J.
fe
Duluth Missabe & Northern—1st mortgage, gold...
Jan. Ï," 1922
1,000
6
J. « J. N. Y., Central Trust Co. Jan. 1, 1923
fe
1893
1st consol, mortgage, $3,500,000, g o ld .................
(?)
25 1888
1,000
500,000
fe
Dul.Red Wing < So.—1st M.,g. ,$20,000 permile.c*&r
&
5 g. J. « J. N. Y., Central T rust Co. Jan. 1, 1928
1,000
1,400,000
6
A. < O. N. Y., Third Nat. Bank. Apr. 1, 1925
fc
Duluth South Sh.dHAtlantic—Marq.H.&On.Gen.M.o’ 156 1885
“
1,000
4,000,000
fc
do
do
D uluth South Shore & A tlan., 1st m ort., gold.. c&r 366 1887
5 g. J. < J.
Jan. 1, 1937
1,000 14,600,000
4 g. F. < A. New York or London. Aug. 1, 1990
fe
F irst consol, mort., gold, interest guar.......o*&r 580 1890
3,000,000
4
Inc. certs. ($3,000,000 held by C. Pac. Jan., ’94)
1892
Deo. 31, 1912
1,000
875,000
D uluth Transfer—1st mortgage for $2,000,000_
_
6 g. J. « J. N. Y., Metropol. Tr. Co. Jan., 1921
fe
20 1891
1,000
2,000,000
fe
D uluth < Winnipeg.—1st M.for $7,000,000,gold, .c* 100 1889
t
5 g. J. « J. Jan., ’93, coup, last pd. July 1, 1929
1892
1,000
250,000
fe
Dul.&Winn.Ter.Co. lstM .,$250,000,g.,guar.p.&i.
6 g. J. « J. Jan., ’93, coup, last pd. July 1, 1922
1,000
2,000,000
D unkirk Allegh. Yal. < Pittsburg—1st m ort., gold.. c
&
90 1870
fc
7 g. J. < D. N. Y., N. Y. Cent.<& Hud. June 1, 1900
1,000
900,000
A. < O.
&
do
do
90 1872
7
2d and 3d mortgages ($200,000 only are 3d M.).c
Oct. 1, 1900
500,000
1,000
4
30 1873
J. « J. Jan., ’85, in t’st last pd. July 1, 1903
fe
Mast Broad Top—1st m ortgage. ..............................r
50
1,730,450
6
J. « J. PML, PhU. < Read. RR. July, 1894
fe
&
East Pennsylvania—Stock 6 p.o gu.999 yrs.Phil.&R.
36
1,000
495,000
fe
IstM ., gold, guar. p.&i. by Phil. & Read, (end.).e*
36 1888
4 g. M. « S.
Mch. 1, 1958
1,000
1,000,000
fe
East Shore Terminal—1st mortgage, g o ld ............c*
Aug. 1, 1915
See text.
5 g. F. < A.
_ 1890 Text.
1894
166,480
Funded coupon scrip (1st and consol, mortgages)
Text.
277,000
1892
1,000
fe
2d M. ($300,000), g., red. a t 105 & int. any M.&S. .
See text.
8 g. M. « S.
Mch."Ï," 1902
100 27,500,000
East Tennessee Virginia < Georgia—Common stock.
£
_
1st preferred stock (5 p er cent non-cumulative)..
100 11,000,000 See text.
Nov., ’91, div. last paid. Nov. 30,1891
2d preferred stock (5 per cent non-cumulative)..
18,500,000
Old lstM .s.f. (Bristol,Tenn.,viaChat.toDalton, Ga) 272 1870
1,000
3,123 j)00
7
J. < J.
&
do
do
July 1, 1900
Divisional M., g.,(Bristol, Term., to Selma, Ala.).o* 552 1880
1,000
3,106,000
fe
do
do
5 g. J. « J.
July 1, 1930
E. Tenn.Va. & Ga. consol. M., g. ($20,000,000) .c&r 1,020 1886
1,000 12,770,000
&
5 g- M. < N. N. Y., Chase Nat. Bank. Nov. 1, 1956
1,000
Im provem ent and equipm ent m ort., gold....... c&r 1,020 1888
6,000,000
fe
5 g- M. « Si Sept., 1892, last paid. Sept. 1, 1938
1894, and $1,808,394 non-oum. first preferred stock, entitled to 6 per
Capital Stock .—Common stock is $12,000,000 ; preferred, $10,000,
oent if earned, ahead of th e present preferred. Old securities receive : 000 ; p a r both $100. Preferred stock is 6 per cent, non-oum. Canadian
New 4s. 1st pref. st’k • Pacific J an. 1,1894, owned $6,100,000 com. and $5,100,000 pref. stock.
$500 00 B onds, «fee.—Car tru st 6s, Dec., 1893, $184,115, due in instalments,
D etroit Lansing < N orthern 7 s................................ $1,000
&
G rand Rapids Lansing & D etroit 5s....................... 1,000
166 67
aturing Nov. 7,1895. A bstract first
p. 274.
Saginaw < W estern 6 s............................................. 1,000
fe
333 33last m first consolidated mortgage of 1890 mortgage, V. 45, 4 per cent,
has interest a t
Saginaw Val. < St. L. 8s.......... ................................ 1,000
fe
200 00 The
guaranteed by Canadian Pacino, which Jan. 1,1894, held the entire
Saginaw < Gd. Rapids stock................................... 1,000
fe
200 00
[$14,600,000] in its treasury as security
All unpaid coupons, including those of Ju ly 1 , 1894, will receive new outstanding issue consols for $5,400,000 are reserved forfor its 4 p. c.
prior
4s a t par. Ionia < Lansing firsts are not disturbed. In July, 1894, debenture stock; ounts m ay be issued a t $20,000 per mile of new bonds
fe
and additional am
lines,
about % of the bonds were said to have assented to the plan.
E arnings.—From Jan u a ry 1 to Aug. 31, 1894 (8 months), gross.
L atest E arnings .—
-From Jan. 1 to Ju ly 31 (7 m o n th s)
$1,105,619, against $1,475,690 in 1893.
7 mos.
Cross earn'gs. Net earn'gs. Interest, tic
Balance.
For year ending Dec. 31,1893, gross $2,078,778; net, $604,248. In
1894................... $588,298
$78,326
$210,875
def. $132,549
1893..................
687,445
116,414
184,007
def. 67,593 1892 gross $2,249,194; net, $719,929; interest on bonds, $622,650;
rentals, eto., $165,716; balance, deficit, $68,437.—(Y. 55, p. 765,1110;
Annual R eport .—R eport for 1893 was in V. 58, p. 865.
V. 57, p. 979.)
Year end. Dec. 31.
1890.
1891.
1892.
1893.
Total gross earnings. $1,219,663 $1,254,100 $1,265,572 $1,205,093
Duluth Transfer.—
Mileage of road in June,’94, was 20 miles. The
Net over exp. & taxes. 392,797
375,446
341,502
234,306 mortgage for $2,000,000 is to the M etropolitan Trust Co. of New York,
DOO
O
tf
A AAA
328,036 as trustee, and provides for bonds a t $50,000 per mile for road between
In terest p a *•A.............Ol O 318,6330 1 D K316,587 0*1314,909 OOO AO
id
Balance....................... sur. 74,164 sur. 58,859 sur. 26,593 def. 93,730 Ironton and Lake Avenue, Duluth, a t $20,000 for additional single
Def. S. Y. < St. L. RR.
fe
Profit.
19.149
16,907
13,559 track, a t $13,200 for double track; ana for $750,000 for bonds for
Total deficit from operating S. V. & St. L. to Dec. 31,1893, $138,234. depot grounds, depot in Duluth, wharves, freight houses, eto. Stock
—(V. 56, p. 5 3 7 ; V. 57, p. 22, 298,1039,1122;Y. 58,p. 3 0 3 , 474, 865.) authorized and outstanding, $2,000,000; p a r $100. The D uluth & Super­
ior Belt has been organized to extend the system to Superior, Wis.
Dover & Rockaway.-(See Map Central RR. o f N. J.)—Owns
Duluth Sc Winnipeg.—
Owns road completed in 1892 from New
“ o rt Oram to Rockaway, N. J., 5 miles. Leased to Central of N. J. in
P
April, 1881, for 999 years a t 6 p er cent on stock and bonds, taxes, etc. D uluth to Deer River, Minnesota, 100 miles, and leases Superior Belt &
Term inal Ry., 12 miles. In February, ’93, control was acquired in in­
Dubuque Sc Sioux City.—
Owns from Dubuque, Iowa, to Iowa terest of Canadian Paciflo. Extensions projected. V. 56, p.245. Stock
Falls, 143 miles ; Iowa Falls to Sioux City, 184 m iles; M anchester to authorized—common, $3,000,000; pref., 5 p. c., non-cum., $2,000,000.
C
edar
Rapids, 42 m iles; Onawa, Iowa, to Sioux Falls, Dakota, 155 miles;
B onds.—Trustee of m ortgage for $7,000,000 is the Guar. T rust &
totalowned, 524 miles. Also leases Cedar Falls & Minnesota, 76 miles.
Safe Deposit Co. of Philadelphia. E arnings.—In the fiscal year ending
. L ease , E tc .—In April, 1887, a controlling interest in stock was Ju n e 30,1893, gross earnings were $226,188; net over expenses ana
waB sold to Illinois Central which Co. in February, 1891, leased the taxes, $94,173. (V. 55, p. 297; V. 57, p. 979.)
ro a d ; rental is n et earnings and lease term inable on 60 days notice.
East Pennsylvania.—
Owns double track from Reading, Pa., to
Y. 52, p. 350. A suit to annul the lease of the Cedar Falls & M innesota
Allentown, Pa., 36 miles. Leased for 999 years from May 1,1869, to the
RR. has been appealed to U. S. Supreme Court.
Philadelphia & Reading RR. a t a rental of 6 per oent per annum on the
Stock and B onds.—The Illinois Central Railroad Company Ju ly 1,
1893, owned $7,917,800 stock and $1,731,000 5 per cents; also all the stock and interest on the bonds. Of the stock $887,750 was deposited
&
Cherokee & Dakota and Cedar Rapids < Chicago 5s, due in 1935, which by the lessee under its collateral tru s t of 1893.
are pledged as p a rt security for its 4 per cents of 1952. Iow a Falls
East Shore Terminal.— .—Owns term inal road in Charles­
R oad
and Sioux City mortgage is for $2,800,000, of which $460,500 Ju ly 1, ton, 8. C., 3 miles double track laid w ith 60 pound steel; sidings
1893, held in th e Dubuque & Sioux City treasury. Dub. < S. C. firsts owned, 4 miles.
fc
for $586,000 were paid a t m aturity, Ju ly 1,1894, and will be refunded.
Company also owns 14 wharves, 30 warehouses, about 30 acres of
D ividends —In 1888, of 1 per cent; in 1891, 2; in 1892, about I 5 of land, 4 cotton compresses, etc., on th e city’s w ater front, these being
1 p. c.; in ’93, Jan., I I 4 p. c.; July, none; i n ’94, Jan . lp .c .; July, l^ jp . c. connected by its own road with the other railroads entering the city.
Securities .—Stock authorized, $5,000,000; outstanding, $1,120,000.
E arnings.—In year ending June 30,1894, on 600,miles (incl. Cedar
F. & Minn.), gross, $2,538,923; net, $876,329; other income, $6,730; In 1894 four first m ortg’e coupons (Feb. 1894, to Sept., 1895, inclusive)
v e n t of C. F. & Minn., $113,370; int. on debt, $517,835; dividends (2*2 and six consol, coupons (Sept., 1893, to March, 1896, inclusive, were
p. 0.) $199,990; bal. surplus for year $51,864. In 1892-93, gross $2,- funded into 5 per cent scrip.
548,768; net, $732,914. (V. 54, p. 159; V. 55, p. 542; V. 57, p. 5 4 6 ; Y.
Operations .—Net earns, for year end. March 3 1 ,1 8 9 4 , $44,528; in
58, p. 773; V. 59, p. 191.)
1893 about $65,000.
President, Samuel D. Davis, 40 Wall Street, New York. Principal
Dulutli Sc I r o n R a n g e . —Owns D uluth to Ely, Minn., 116 miles,
w ith branches to Mesaba Range Mines, etc., 45 miles. Also owns ore office and address, Chaileston, S. C.
docks, shops and yards on Lake Superior costing over $1,500,000.
East Tennessee Virginia Georgia.—
Sc
Lines w as follows
ere
Stock , E tc.—Stock authorized, $3,000,000; outstanding, $500,000; M ain lines.
Miles.
Miles. Branches, dc.
p a r $100. Land grant from Minnesota about 506,000 acres, of which B risto lto Chattanooga, T enn..242 11 b ra n ch e s............................ 298
about 184,000 acres had been patented to it prior to June 17,1893. See Cleveland, Tenn., to Lauder­
Trackage to M eridian...................... 18
V. 51, p. 875. The Minn. Iron Co. owns the stock, the $3,500,000 6
dale. Miss.................................359
p. c. income certificates and $400,000 bonds. The bonds are author- A tlanta June., Ga., to Bruns­
Tot. of all oper. June 30,’93.1,265
feed a t the rate of $25,000 per mile for construction and $7,000 for
wick, G a . . . . . . . _ ..........* 3 4 8
_
equipment, th e Metropolitan T rust Company of New York being trustee.
* Of this A nstell, Ga., to A tlanta, 18 m., is owned jointly w ith Ga. Pac.
Earnings.—In 1893 gross $1,202,865; net, $611,906; interest
Organization , E tc .—Sold in foreclosure May 25, 1886. In April,
$255,564; rentals, $1,890; interest earned on loans, $24,208; balance,
an
by
surplus, $378,660; int. paid on inc. certifs. $210,000. Total surplus 1890, acquiredCin. interest in the Ala. G reat South, system 549.purchase
of stock. See
N. O. & T. Pac., V. 50, p. 560; Y. 58, p.
Dec. 31,1893, $1,477,239. In 1892 gross, $1,547,476; net, $853,631.
In 1891 gross, $1,154,129; net, $618,321. President, J . L. Greatsinger,
F oreclosure .—The road w as bought a t foreclosure sale under
D uluth.—(V. 56 ,p. 330,332,1015; Y. 57, p. 723; V. 58, p. 389.)
improvem ent and equipm ent mortgage July 7,1894, by the Southern
Duluth Missabe Northern.—
Sc
Owns from D uluth to M ountain Ry. Co. for $1,505,000. V. 59, p. 70.
Iron, Minn., 73 miles; branches, 47 miles; total, 120 miles. In Septem­
R eorganization .—The
&
inal reorgan­
ber, 1893, control of this road was obtained by the Lake Superior Con­ ization plan as modified to Richmond < West Point Termupplem ent .—
Feb. 20,1894—See Mar.,’94, S
solidated Iron Mines, w ith a capital of $30,000,000. I n year 1892-93, offers the following term s to this company’s securities, those n o t men­
on 76 miles, gross $90,363; deficit from operating $74,140.
tioned being left undisturbed. Modified plan of Feb. 20, 1894, was
Duluth Red Wing Sc Southern.—
Projected from D uluth via in V. 58, p. 385. New 5s given for stock w ill bear interest after Jan. 1,
Red Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha. 1896. In tere st on new 5s given for extension 5s and general mortgage
Neb. In operation from Red Wing, southerly to Zumbrota, 25 miles; bonds w ill be funded from Dec. 1. 1892, to Jan . 1,1896, inclusive, info
branches, 3 miles. Stock, $375,000, of which $125,000 is preferred. new preferred stock a t p a r. Exchanges to b e :
Trustee of mortgage is Central T rust Company. In year 1892-93 gross
Assessment. New ss. Pref. stock. Gom.stk.
Old issue.
$71,032; net, $28,454. President T. B. Sheldon. (V. 56, p. 403.)
Common s to c k ............ $7'20 per share. 18ip p. c. 54 o P* 0. 60 p. c.
Duluth South ShoreSc Atlantic.—
Operates D uluth to Sault 1st preferred stock_
$3 per share.
% p. 0. 17*4 p. c. 85 p. c.
_
Ste. Marie, 411 m iles; “Soo” Junction to St. Ignace, 43 m iles; other 2d preferred stock.......
$6 p er share.
1*2 p. c. 4*2 p. c.
80 p. c.
lines, 128 m iles; total, 582 miles. Connects w ith Canadian Pacific.
Reserved for investigation.
Ala. Central 1st 6 s .. . . .
\M................. 25 p. c.
80 p. 0....................
Organization , «fee.—In July, 1888, a controlling interest in this 1st extension 5 s...........
See text.
company’s stock was sold to Canadian Pacific parties. The M arquette Imp. and equip. 5s.......
Excluded by p lan of Feb., 1894—see below.
Houghton & Ontonagon was sold in 1890, except its franchise, to the Cin. extension 5s..........
BE
25 p. C.
80 p. 0.
.......Ifi
Gen. mort. 5 s............. - BIIC -------. . . . . . .
D uluth South Shore & Atlantic, which assumed its debt.

S e p t e m b e r , 1894.]




RAILROAD

STOCKS

AND BONDS.

37

S8

INVESTORS’
' '

SUPPLEMENT.

_________________

______________________

[ V « l . L IX .

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables ~
RAILROADS.
INTEREST OR DIVIDENDS.
Bonds— nci
PH
Miles D ate Size, or
Amount R ate P er When
Pal,When Due.
of
of
Par
on first page of tables’
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv Stocks—Last
Whom.
Dividend.

Cincinnati E xtension Collat. Tr., gold .................o’
Gen. M. for $15,000,000 ($20,000p .m ), gold.c*]
East A West HR.—Stock (owned by E. Kelly.)........
¿¡astern (N. H .)—Stock.................. ............... ..............
Eel River—Stock, 21 to 3 p. o., guar, by W abash...
a
Elgin Joliet A Eastern—1st M. ($10,000,000) gold.c*
Elizabethtown Lex. A Big Sandy—See Chesapeake
Elm ira Oortland A Northern—1st pref. M., gold, .c
1st mortgage, gold................................„............
Elm ira A Lake Ontario—Sodus Bay & So.—1st M., g. c
Elmira A William sport—St’k, com., 5 p. o. ren’l, N7C.
Preferred stock, 7 p. c. rental, 999 yrs., No. Cent,
lstm o rt., convertible into common stock a t par.r
Income bonds, 999 years to ru n ........................ o*
Erie A Pitts.—Stock, 7 p. o. rental,999 yrs..PennCo.
Consol, mort. (for $4,500,000) free of State tax .o
Equipm ent bonds..................................................... c
General m ort., $4,500,000 series A, gold, g u ar...
Eureka Springs—1st mortgage, gold........................o
2d mortgage income bonds, non-cum.....................
Evansville A Indianapolis—T . H. & Southe.lst M.o*
S
Evansville & Indianapolis 1st mort., gold,guar..c*
Con. M. ($2.500.000) g.,gu.p. < (end.)E v. &T. H. c*
fci.
Evansv. A Richm 'd—West’n Div. ls tm o rt., gold.c*
1st gen. M., $12,500 p.m., g., guar. p. & i. (end.). . 0"
Evansville A Terre Haute—
Stock.................................
Consolidated mortgage (now 1st lien), gold........
1st consolidated mortgage," gold...........................o*
Mt. Vernon Branch mortgage, gold.....................o*
Sullivan County Coal branch mortgage, gold.. o*
1st general mortgage for $7,000,000, gold.......o*

1,247

....

16
94
177
& Ohi
120
120
34
75 ig
75 *2
751
e

....

85
81
81
81
19

....

40
55
135
80
112

__

115
144
25
15
182

1890 $1,000
1890
.... 1,000
100
....
100
....
100
1891
1,000
o.
1884
1,000
1884
1,000
1884
.... 1,000
50
50
1860
1,000
1863
500
50
1868
1,000
1870
1,000
1890
1,000
1883
1,000
1883
500
1879
1,000
1884
1,000
1886
1,000
1,000
1888
1891
1,000
....
50
1880
1881
1,000
1883
1,000
1890
1,000
1892
1,000

$6,000,000
5 g. F. < A. Feb., ’93, coup, last nd.
fc
See text.
5 g. J. & D. June, ’92, cou. last paid.
1,500,000
738,750 3 per an. J. < D. Boston, by Treasurer.
fe
3,000,000 2 Aperan A. & O. Boston, by Treasurer.
6,079,000
5 g- M. & N. N. Y., Drexel, M. & Co.
750,000
6 g. A. & O. N. Y., 192 Broadway,
1,250,000
5 g- A. & O.
do
do
500,000
5 g. J. & J. N. Y., Nat. Bank Com.
500,000 5 per an. M. & N. Phila., Penn. RR. Co.
500,000 7 per an. J. & J.
do
do
1,000,000
6
J. & J.
do<-~
do
570,000
5
A. < O.
fc
do
do
1,998,400 7 per an. Q.—M. N. Y., Union Trust Co.
2,109,000
7
J. & J.
do
do
511,000
7
A. & o.
do
do
775,000
4 g- J. < J.
fe
do
do
500,000
6 g- F. & A. N. Y., Mercantile Tr. Co.
500,000
6
Feb’y 1. ’92-3 pd. 3% ’93-4 none.
;
251,000
7
M. & 8. N. Y., Farm. L. & Tr. Co.
653,000
6 g. J. & J.
do
do
1,596,000
6 g. J. * J.
fc
do
do
91,000
5 g. M. & S. Sep.,’93,coup.last paid.
1,309,000
5 g- M. & S. Sep.,’93,coup, last paid.
4,000,000 See text. See te x t N. Y., Farm . L. & Tr. Co.
30,000
6 g- j . & J.
do
do
3,000,000
6 g- j . & J.
do
do
375,000
6 g- A. & o.
do
do
450,000
5 g- A. < o.
fe
do
do
1,947,000
5 g. A. & o.
do
do

1, 1940

Deo. 1, 1940
Ju n e ib , 1893
^ P r. 5, 1894
M»y 1, 1941

Apr- 1, 1914
Apr. 1 , i 914
Juiy 1, 1924
May 1 , I 894
July 2, 1894
Jan. 1 , I 9i 0
Oot. 1 , 2862
Sept. io , 1894
July 1, 1898
Oct. 1, 1900
July 1, 1940
Feb. 1 , 1933
Feb. 1 , 1933
Sept. 1 , 1909
July 1 , 1924
Jan. 1 , 1926
Sept. 1 , 1928
Sept. 1, 1931
Aug. 1 , 1893
July 1 , 1910
July 1 , 1921
Apr. 1, 1923
Apr. 1 , 1930
Apr. 1, 1942

-----—--- -------- - ----- -----------I V V U U . »» JJL l i o v v i y u ( t /
t / V U U 111
bonds having present lien or lien equal thereto, and bearing in te rest a t 5 ^PpesWent^ Sam uelSpencer,N. Y. (V. 55, p. 6 7 7 ; V. 5 7 ,p. 719; y
4 per cent for 5 years from March 1,1893, and a t 5 per cen t thereafter,
and 50 per cent in preferred stock of new com pany; b u t March, 1893,
Elizabethtown Lexington B i g Sandy.— Ches . & hio
Sc
See
O
coupon, and all new coupons to March 1, 1895 (inclusive), will be
.
Cortland Sc Northern.—
Owns Elm ira, N. Y., to Canastofunded into new 5s a t par, bearing interest from Jan . 1,1895.
The final paym ent of assessments was due Ju ly 23,1894, and con­ ta, N.Y., 119 m., and leases during corporate existence, Canastota North­
ern, Canastota to Camden. N. Y., 21 m. Stock $2,000,000; par, $100T
sisted of $2 00 on common, $0 75 on 1st pref. and $1 50 on 2d pref.
E arnings.—From Jan. 1 to March 31,1894 (3 months), gross *80 7«4
B onds.—The am ounts of extension bonds of 1887 and general mort­
gage 5 s outstanding are variously given in official reports. Of the two against $89,834 in 1893; net, $20,477, against $22,135. In year
1893-94 gross, $365,026, against $419,188 in 1893; net, $93 502
issues, however, $7,000,000 in the aggregate have been created, of
which $2,030,000 on Ju ly 1,1893, were pledged as collateral for loans. against $121,668; interest on preferred mortgage, eto., $46.400- rent­
In addition to th e Knoxville A Ohio bonds the company guarantees als, etc., $18,000; surplus, $29,102, against $57,§68. V. 57. p s q u ’ v *
$3,000,000 Mobile A Birm ingham 5 per cents and $5,000,005 Louisville 59, p. 4 9 2 .
Southern 5 per cents—see those companies.
.Elmira Sc Lake Ontario.—
Owns from Canandaigua, N Y to
Consolidated bonds were reserved to retire prior bonds of the Ala­ Chemung Junction, 64 m iles; Sodus Point to Stanley, 34 miles • other 2
bam a Central RR. and the E ast Tennessee Virginia < Georgia.
fc
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bav
The Cincinnati Extension bonds of 1890 are secured oy pledge of & Southern and other railroads. Leased a t cost of operating to the
Alabam a G reat Southern stock, etc. (see th a t Company). Default Northern Central, which owns all the $1,500,000 stock. Lease mav
occurred Aug., 1893, and the bonds were excluded from the Richmond S S iei ‘ ? in.a ted on
i
days’ notice. In 1893 gross earn. $668,385; net
Term inal reorganization plan of Feb., 1894. In Mar., 1894, Cincinnati $36,681; interest, $25,000; other charges, $21,980.
H. & D ayton parties acquired Baron Erlanger’s bonds. In September,
1894, the m inority bondholders sold their bonds to the Southern Ry.
i a &
ia m s
Williamsport, Pa.,
Co. • The sale of th e collateral for the Cincinnati Extension bonds will mE l m Nr.Y ., 7W^i l lmiles. p o r t . —Owns from Northern Central to Elira,
5
Leased to the
Rail­
now be pushed to a conclusion. See V. 59, p. 472.
way for 999 years from May 1,1863, a t a rental of $151,500 per annum
Bondholders’ com m ittee: George Coppell, Frederic Taylor, Jam es after January 1,1880. The dividends on the common stock are 5 ner
Swann and John Greenough, 20 Wall St., New York. See abstract of cent and on the preferred 7 per cent, less taxes, making dividend on
m ortgage, V. 52, p. B3.
common 4-58 p. c. and on preferred 6-38 p. e. Gross earnings in 1893.
F loating D ebt .—Ju ly 1,1893, car trusts, $321,875; net floating debt
H ^ S
o*b j rental,^<plo0,002.’135’940 ln 1892 5 nec>$315,882, against $332,and receiver’s obligations, $1,959,049; overdue coupons* $398,500.
L atest E arnings.—From Jan . 1 to Ju ly 31,1894 (7 months), gross
Erie Sc Pittsburg.—
Owns New Castle, Pa., to Girard, Pa., 81 miles$2,825,945, against $3,289,035 in 1893. In y ear 1893, gross* $5,709,branch, to E n e Docks, 3 miles; trackage, to Erie, 17 miles; total
620, against $6,323,605 in 1892. L ast report V. 57, p. 850.
operated, 101 miles. Leased to the Pennsylvania Railroad for 999
(V. 55, p. 21, 255, 856, 895, 938,1110; V. 56, p. 206, 5 3 7 , 579, 874;
V. 57, p. 763, 8 5 0 ,1 0 8 4 , 1123; V. 58, p. 127, 476, 595, 636, 866; V years from March 1, 1870, a t a rental of 7 per cent on stock and
interest on the bonds, and the lease transferred to the Pennsylvania
59, p. 29, 70,115,152.)
Company. Under the general
East Sc West Railroad.—
Cartersville, Ga., toPellCity, Ala., 117 to retire prior bonds when due.m ortgage sufficient bonds are reserved
The lease has been quite unprofitable
m iles; branch, 2 miles. Form erly the East A West RR. o f Alabama, to the lessees, the deficiency being in 1889. $290,734: in 1890, $267.705soldIn foreclosure May 29,1893. (V. 56, p. 923.) The present company in 1891, $201,724; in 1892, $206,430; in 1893, $188,216.
w as incorporated under laws of Alabam a Ja n . 11, 1894. No bonds
issued. President, Eugene Kelly, New York. In year ending June 30,
E u r e k a S p r i n g s .—Seligman, Mo., to E ureka Springs, Ark., 181
®
1893, gross earnings of old company $110,530; (net, $5,915. In 1891- miles. Stock, $500,000; par, $100. In year 1892-93 gross, $88,247:
92 gross, $128,030; net, $11,821. (V. 55, p. 938; V. 56, p. 463, 923.) net, $47,051, against $43,807; interest, $45,000; other, $3,301.
Eastern (N . H.)—
Owns from Portsm outh, N. H., to Seabrook
(Massachusetts State Line), 16 miles. Leased to the E astern RR. (now
Evansville Sc Indianapolis.—
Owns Evansville to Terre Haute,
consolidated w ith Boston & Maine) from October 1,1878, for 60 years Ind. (via W orthington), 138 m iles; branch 6 m .; leases branch, 12 m.
and 2 months a t $22,500 per year. In June, 1891, a stock dividend of 50
H istory , E tc.— consolidation in October, 1885, of the Evanville &
A
per cent was paid. Dividends since increase, 3 per cent per annum.
Indianapolis, the Evansville Washington & Brazil and the Terre
E e l R i v e r . —Owns from Logansport, Ind., to Butler, Ind., 94 miles. H aute & Southeastern RRs. Of the consols $904,000 are reserved to
Foreclosed Ju ly 6,1877. Leased for 99 years, April 1,1887, renewable m eet prior liens. The consols, and the bonds of 1924 are guaranteed by
forever, to Wabash, a t 2 per cent yearly on the stock till April, 1892, Evansv. & Terre Haute., which owns entire capital stock, $2,000,000.
then 2*3 till 1895 and 3 per cent thereafter. In June, 1894, W. O
L atest E arnings.—From Jan. 1 to Aug. 31,1894 (8 months), gross,
Johnson was appointed receiver—see V. 58, p. 1110. (See V. 53, p. 436;
$181,593, agst. $243,582 in 1893. In year 1893 gross, $360,648, agst.
$379,576 in 1893. In year 1892-93 gross, $391,629; net, $196,131;
Elgin Joliet Sc Eastern.— Map)—Owns from Waukegan HI.,
(See
on Lake Michigan, via Spaulding and Joliet, to Porter, Ind., fixed charges, $184,830; surplus, $11,301. In 1891-92 gross, $368,795;
130 miles, and branches Normantown to Aurora, 9 miles—Walker to Cos­ net, $179,216. (V. 54, p. 119.)
ter,IQ.—32 miles; other, 11 miles; total, 182 miles. A nother belt line
Evansville Sc Richmond.-Owns E lnora to Westport, Ind., 102
affording facilities a t Chicago for transfer of freight from one line to
another w ithout breaking bulk. Also reaches coal fields. In 1894 miles, and coal spurs 10 miles. Projected to Richmond, 65 miles.
trackage to navigable w ater of Lake Michigan was secured by 99-year
R eceiversh ip .—On Feb. 28,1894, Col. Jam es Montgomery of Evans­
contracts with L. N. A. & Chicago from Dyer, Ind., to Illinois State line ville, Ind., was appointed receiver, and interest due March 1 was not
(near Hammond), 10 miles, and w ith Chicago & W. Ind. from there to paid. In July, 1894, the court held Evansv. & T. H. liable for its guar­
South Chicago, 5 miles, where the company has purchased extensive anteed interest on the E vansv. & R. 1st gen. m ort. 5s. V. 59, p. 116.
term inal property on Calumet River, including 1,255 feet of w aterfront.
B ondholders’ A greement .—Under the agreem ent of April 1 9 1
STOCK.—Stock, $6,000,000; par, $100.
1894, $996,000 bonds have been deposited with H arvey Fisk & Sons,
B onds, E tc .—F irst m ortgage (trustees Central T rust Co. and J. M- and the guarantee of Evansville & T. H. on these bonds will be
Butler) is for $10,000,000; the balance unissued can be disposed of for enforced. The plan of consolidation w ith Indiana Stone RR. & Quarries
extensions, betterm ents, etc. Equip, notes June 30,1894, $236,862.
Co., etc. (see Y. 59, p. 182), has been abandoned. V. 59, p. 472.
Loans and bills payable, $287-,520.
S
and B onds.—Evansville & Terre H aute guaranteed the princi­
E arnings.—1 m o n th ,> 1894.....................gross, $62,574 ; net, $7,409 paltockinterest of the general m ortgage 5s and owns the entire capital
and
Ju ly 1 to Ju ly 31. 5 1893.....................gross, 63,838 ; net, 11,936 stock of $1,500,000. See E. & T. H. Co. The authorized issue of these
Annual R eport .—Fiscal year ends Ju n e 30. R eport for 1893-94 bonds is $2,000,000, of which $94,000 held to retire a like amount of
w as given in full in V. 59, p. 471, 475. The property has been fully Western Division gold 5s.
maim ained during the year, $99,310 having been spent for “ m ainten­
E arnings.—From Jan. 1 to Aug. 31,1894 (8 months), gross $69,169,.
ance of w ay” against $94,091 in 1892-93, and $109,266 for « m ainten­
against $91,002 in 1893. For year ending Ju n e 30, 1893, gross,
ance of equipm ent ” against $101,804.
$146,505; net, $49,378; deficit under charges $42,752. See Y. 54, p.
Year end. June 30 1890-91.
1891-92.
1892-93.
1893-94.
Tons carried 1 mile.
............ 101,572,866 126,824,946 137,983,578 366,587,643; V. 58, p. 382, 430, 904; V. 59, p. 116,182, 472.
Av. ra te p. ton per m
............
$0-0076
$0-0068
$0 0072
Evansville Sc Terre Haute.—
Owns from Evansville to Terre
Gross earnings.......
$631,282
$815,134
$920,032 $1,020,326 Haute, Ind., 109 m iles; F o rt Branch to Mt. Vernon, 37 m iles;
Expenses ana taxes
435,449
547,932
677,674
699,865 other branches, 15 miles. Proprietary Lines—Evansville Belt Railway
5 miles; to ta l operated directly, 166 miles. Operates, keeping earnings
N et earnings....... $195,833 $267,202
$242,358
$320,461 separately, Evansville & Indianapolis (which see), 144 miles, and leased
Fixed charges...........
239,350 278,900
289,084
303,950 line, 12 miles. U ntil Feb. 28,1894, also operated Evansville & Rich­
mond RR., Elnora to Westport, 102 miles, and coal spurs 10 miles. The
Balance............... def.$43,517 def.$ll,698 def.$46,726 sur.$16,5ll Rockville Extension, 23 miles additional, is leased to other companies.




Septe m b e r , 1894.]

RAILROAD

STOCKS AND BONDS.

89

Subscribers will confer a great favor by giving Immediate notlee of any error discovered In these Tables.
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When D ug.
Miles D ate Size, or
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—L ast
of
of
ivTiorolaaation of colum n headings, &e., see n otes
Dividend.
Cent. Payable
Whom.
Road. Bonds Value.
For
on
p age of tables.
"iiwmgtmlle Terre H. < Okie.—1st M., g.,int. guar..c*
6
2d mortgage, gold, int. guar, by Ch. & E. I ll— o*
Cor. Cow’ Antrim deb., red. a t 100. o"
Z X u i e d P ow hatan- 1st m ort, for $5 5 0 ,0 0 0 ....
SAnond mortgage for $500,000, incomes................
nndlavFL Wayne$ T C - l s t M ,g.,$18,000p.m.c*
admortgage for $400,000, gold..................... . . . . .
E a s t e r n extension 1st M. for $1,650,000, gold...
PreT4 per cent stock, non-cum...............................
Bon&hoo'.OOO V rty,’99to r9 6 3 iici.‘,bal.i'908.c*
Bonds to State"of Mass. (34 p. c. int. tm Feb., ’97)
Bonds.......... ..............- .............. --................ . — c&r
Bonds'($i3oO,o6o" ’ ue 1907, interest A. & 6 )—
d
B o n d s

for $2,5(j6i6bo (See tex t.).......... , ................

Boston' Barre & Gardner 2d"& 3d m ortgages.......
Troy & Boston 1st mort. (V. 53, p. 405).................
Bos Hoosac Tun. & W. deben/, subject to call, .c*
Cheshire RR. plain bonds, $550,000 due 1898..cv
Brookline & Peppereil plain bonds, guar, (end)..
f t <Pere M ar—Pi. stk., non-cum(for $6,500,000)..
t

F &P. M. IstM . P o rtH . Div. ($3,500,000),gold.c’
Eouinm’t bonds, $40,000 due annually Nov, l . c ’

49
49

60
60

1870 $1,000
1,000
1872
1881
1,000
1883
1 889
1890
1 898
1893

1877
’79-’88
1889
1887
1887
1890
’84-’87
1890
1893
1894
1875
35 1874
1883
76-’78
65
281
395
216
235

1871
1880
1889
1879
1889
1887

1,000

$775,000
325,000
150,000
530,000
320,000
500,000
1,440,000

6 g. M. & N. N. Y., Farm. L. & Tr. Co.
do
do
6 g. J. & J.
M. & N.
6
do
do
M. & N. Phila., Fidelity Trust.
6
M. & N.
6
6
F. & A.
5 g- J. & J. Ja n .,’93, coup, last paid

5 g7,000,000
17,000,000 See text.
6
500,000
4,500,000
5
750,000
5
5,000,000 3*2 to 4
2,250,000
1,000
5
500,000
1,000
4
2,500,000
1,000
4
500,000
1,000
5
1,876,000
1,000
500,000
4^2
153,000 3 & 6
577,000
7
1,000
5
1,364,000
1,000
800,000
6
500 &c.
100,000
5
100
6,342,000 See text.
1,000,000
1,000
8
3,999,000
1,000
6 g.
5 g.
1,810,000
1,000
7
104,000
1,000
3,125,000
5 g*
5
1,000
160,000
TOO
100
1,000
1,000

Organization , E tc .—F ormerly Evansville & Crawfordsville RR. Has
close traffic contract w ith Chicago &E astern Illinois for route to Chicago.
S t o c k . — In November, 1893, stock was increased from $3,000,000 to
54 000 000, and “ scrip dividend” equal to one-third of their holdings
was offered to stockholders, such scrip to be convertible into new stock
on payment of $20 per share (par, $50).
D i v i d e n d s since 1880.—In 1881, 4^2 p e rc e n t; in 1884, 5; in 1885,
3 . ja 1886,4 ; from 1887 to 1890, inclusive, 5 per cent per annum ; m
1891 7; in 1892 , 7 per cent cash and 5 per cent in general m ortgage
bonds; in 1893,7*2 p. c. cash, see also “ stock” above.
Bonds, G u aranties , E tc .—E vansville* Richmond bonds for $1,400,000 were guaranteed, b u t default w as made on March 1,1894. InJuly ,
1894, the Court held the E. & T. H. liable under said guarantee. Y. 59,
d 116. The Evansville & Terre H aute endorsed Peoria D ecatur & E.
notes for $475,000. Certain Evansville & Indianapolis bonds are also
guaranteed. There were car tru st notes Ju n e 1,1894, for $379,509.
8 The Ev. & T. H aute general mortgage covers 182 miles of road owned
and $3,500,000 of stock of proprietary roads, having a mileage 9f 277
miles. Of the authorized issue $3,855,000 are held in tru s t to retire the
prior bonds a t m aturity, the m ortgage providing th a t the prior liens
shall be paid and not extended. A sufficient am ount is also held to
retire the car tru s t notes. In February, 1894, $226,000 additional
bonds were issued for term inals, equipm ent, floating debt, etc.
General F inances .—An im portant change in the directory took
place in Oct., 1893 and capital stock was issued to pay the floating debt
— above. D. J. Mackey has resigned as president and director.
see
The road has been operated a t an abnorm ally low ra te (about 50 per
cent), and has paid large dividends, b u t it is understood th a t the p res­
ent management will be more conservative. In 1893 4,000 acres of
coal lands in Sullivan County, Indiana, were bought.
Latest E arnings .—Jan. 1 to Aug. 31, 1894 (8 months), gross,
$714,832, against $850,293 in 1893. From Ju ly 1 to Sept. 30,1893 (3
months), gross, $387,719, against $376,177 in 1892; net, $207,469,
agst. $213,649; surplus over charges, $126,119, agst. $148,840 in 1892.
Annual R e p o r t .—Fiscal year ends Ju n e 30. Annual m eeting at
Evansville third Monday in Oct. R eport for 1892-93 in Y. 57, p. 1037.
1893.
1892.
Year ending June 30—
1891.
165
165
Total miles operated..............
161
$1,285,672
$1,225,413
Gross earnings........................$1,102,629
589,908
607,777
Net earnings........................... 494,685
46,651
100,233
Other income....... ...................
44,056

May 1, 1909
Jan. 1, 1900
May 1, 1920
May 1, 1898
May, 1922
Ju ly 25,1923
Ju ly 1, 1940
1943

Ju ly 16,1894
J. & J.
Boston, Office.
do
Oct. 1, 1897
A. & O.
do
Var.’9 9 to l9 0 8
Various
do
do
Mch. 1, 1899
M. & S.
do
do
Feb. 1, 1937
F. & A.
do
do
Sept. 1, 1897
M. & S.
do
do
Ju n e 1, 1900
do
J. & D.
do
1904-5-7
do
do
Various
Ju n e 1, 1920
do
do
J. & D.
Various, 1903
Semi-an
do
do
May 1, 1914
M. & N.
do
do
July 1, 1895
do
do
J. & J.
July 1. 1924
do
J. & J.
do
M. & S. N. Y., Kountze Bros. Sept. 1, 1913
J. & J. Boston, Fitchburg RR. J u ly l,'9 6 -’98
Dec. 1, 1911
do
do
J. & D.
See tex t.
F. & A. E ast Sag., Mich., Treas.
J. & J. N. Y., Merchants’ N.Bk. Jan. 1, 1901
A. & O. N. Y., Mer. Ex. Nat. Bk. Oct. 1, 1920
May 1, 1939
do
do
M. & N.
Oct. 1, 1899
do
do
A. & O.
Apr. 1, 1939
do
do
A. & O.
M. & N. Boston, In tem ’l Tr. Co. N ov.l,’94to’97

F i t c h b u r g . —Owns from Boston. Mass., to Greenfield, Mass., 50
miles; Greenfield to Troy, N. Y. 84 miles; Vermont to Rotterdam Ju n c ­
tion, 61 m iles; Boston Barre & Gardner Railroad, W orcester to Winr
chendon, 36 miles; South Ashbumham, Mass., to Bellows Falls, Vt.,
54 miles; branches, 71 m iles; Monadnock Railroad, 16 m iles; to tal
owned, 372 m iles; leases—Vermont & Mass. RR. (which see), Fitchburg
to Greenfield, 56 m iles; other, 22 m iles; total leased, 78 m iles; to tal
June 30,1893,450 miles, of which 162 miles double track. E xtension
Brookline to Milford, 7 miles, to be completed in October, 1894.
Organ iza tio n .—On Oct. 1,1890, consolidated w ith the Cheshire Rail­
road and on October 1,1892, with the Boston Hoosac Tunnel & W., th e
Troy Saratoga & N orthern and th e Monadnock.
Consolidation w ith Brookline & Peppereil, Brookline RR. and Brook­
line & Milford is proposed, the capital stock of said companies to b e
exchanged share for share for Fitchburg RR. preferred.
Stock —The State of Massachusetts owns $5,000,000 of the common
stock. The preferred stock is entitled to 4 per cent dividends, then,
common and preferred receive dividends share and share alike. In
year 1892-93 the preferred stock w as increased from $16,498,000
to $17,000,000 for consolidation—see also above.
D iv id e n d s .—On p referred : In 1887 and in 1888, 2; in 1889, nil; in
1890, 2; in ’91, 3 * ; in ’92 a n d ’93, each 4; ’94, Jan., 2 p. 0.; July, 1 p. c..
2
B onds .—There are also $51,000 plain 4s of 1893 due March 1 ,1 9 0 3 ;
$48,000 Monadnock R ailroad 5 per cent bonds due July 1,1897; and
a 434 p. c. m ort. note of the H. T. D. & E. Co. for $500,000 due April 5,
1895. For Vermont & Mass, guaranteed securities see th a t company.
G e n e r a l F ina n ces .— On June 30, 1894. there were outstanding,
loans and bills payable amounting to $415,000.
In Sept., 1893, bonds for $2,500,000 were authorized for refunding
bonds <fiie in April, 1894, and for funding floating debt; of these $2,376,000 had been issued in June, 1894. V. 57, p. 510, 547.
A nnual R e p o r t .—Fiscal year ends Ju n e 30. The annual report for
1893-94 was in Ch r on icle V. 59, p. 512.
Year ending June 30.
1891.
1892.
1893.
1894.
436
436
4 ^ ^ . ^ i 4 5 ( L __
Total miles operated.......
Total gross earnings.......$6,851,002 $7,348,805 $7,707,298 $6,865,155*
Op. expenses and tax e s.. 5,133,465 5,336,778 5,768,472 5,038,169’

Net earnings.................$1717,537 $2,012,027 $1,938,826 $1,826,986
Rentals p a id ...................... $274,980 $260,980 $264,147 $264,980
'In terest on d e b t.............
869,068
945,271
953,254
985,487
Other interest..................
20,216
18,793
21,639
59,223
$636,559 Dividends.......................
$708,010
$538,741
562,749
649,238
668,133
502,000’
Total net income..........
$277,487
$231,346
Interest on debt, etc ............. $221,175
$137,745
$31,653
$15,296
300,000 Balance, surplus..............def. $9,475
180,000
Dividends.....................
165,000
In 1893-94 company also received $32,054 for premium on bondsBalance, surplus.................... $152,566
$296,664
$59,072 —(V. 56, p. 247, 754; V. 57, p. 255, 5 0 8 , 510, 547, 809, 979, 1039; V
-(V . 56, p. 165, V. 57, p. 144,179,422,468, 5 56,722,8 0 8 ,1 0 3 7 ,1 0 3 9 , 58 ,p. 224,774; V.59, p. 191, 512.)
1122 ; V. 58, p. 382,383,430,866; V. 59, p. 116.)
Flint & Pere Marquette.—
Owns from Monroe, Mich., to
Evansville Terre Haute & Chicago.— from Terre Haute Ludington, Mich., 254 miles; 14 branches to E ast Saginaw, Fostorla,
Owns
Junction, Ind., to Danville, 111., 49 m iles; leases to T erre H aute 6 miles etc., 150 m iles; P o rt H uron to E ast Saginaw, 90 m iles; P ort H uron to
and Indiana Block Coal Road, 15 miles. On April 30,1880, leased to Sand Beach (3 feet), 70 m iles; Palm to Grindstone City, etc. (3 feet), 40
the Chic. & East. 111. for 999 years; term s, $75,000 per annum and pay­ m iles; Port H uron to Altmont (3 feet), 34 m iles; trackage to D etroit
ment of all rentals and taxes. Stock, $581,370, of which $47 3,700 and Bedford, 17 m iles; total in 1894, 655 miles, of which 144
owned by Ch. & East. 111., which guar. int. on 1st and 2d mortgages.
were 3-feet gauge; “ business-producing branches (not bonded),” n o t
including above, 137 m iles; spurs and sidings, 167 miles. The com­
Fall Brook Ballway.—
Owns from Coming, N. Y., to Antrim ’ pany also owns 5 steam ers valued a t $453,564, running from LudmgPa., 53 miles; branch to H arrison Valley, Pa., 33 miles; Fall Brook ton and M anistee to Milwaukee, etc.
branch, 7 miles; leases Syracuse Geneva & Coming Ry., Coming, N. Y.,
Organization , Securities , E tc .—Sold in foreclosure August 18,
to Geneva, N. Y., 58 miles, and branch, 6 miles; and Pine Creek Ry.,
Stokesdaie Junction to Newberry Juno., Pa., 75 miles; total, 232 miles. 1880, and reorganized. In 1889 absorbed Port Huron (^N orthw estern,
etc. Large interest in stock w as said to have been acquired by parties
H istory , E tc .—Formerly Coming Cowanesque & Antrim. Name
changed July 1,1892, and stock increased to $5,000,000, of which interested in Col. Hock. Val. & Tol. in Dec., 1893.
Stock .—Common, $3,500,000; outstanding, $3,298,000; par, $100.
$500,000 pref.—par, $50. See V. 55, p. 21. Dividends paid quarterly,
March 31, etc. The coal line of Phila. & Reading and New York Central
D ividends .—On preferred stock since 1885—In 1886,4*2; in 1887,51
*;
is over the road of this company, which jointly w ith said companies in 1 888,7 and 5 e x tr a ; in 1889, 6 ^ ; in 1890, 6 per ce n t; in 1891, 3*«;
guarantees the bonds of the Pine Cr. RR. Co. See C. C. & A., V. 58, p. 430. in 1892,4*2; in 1893, Feb., 2 p. ct.; none since.
E arnings.—In year ending June 3 0 ,1 8 9 4 , gross on 93 miles, $643,B onds, E t c . — The consolidated mortgage of 1939 is a first m ortgage
011; net, $218,710; net, inc. other income, $429,029; taxes, etc., $33,- on 11414 miles of road. Trustee Central Trust Co. P ort H uron Divis­
104; dividends (8X p. c on preferred and 6 p. 0. on common), $305,000; ion mortgage is for $3,500,000, of which $125,000 reserved for $104,4
balance, surplus, $90,925. In 1892-93 gross, $777,987; net, $307,900. 000 P. H. & N. W. 7s. On Jan. 1,1894, there were outstanding bills
pavable for $714,598. Land grant was 513,000 acres, of which 56,185-(V . 53, p. 5 6 8 ; V. 54, p. 469; V. 55, p. 21; V. 59, p. 2 9 0 .
acres unsold Jan. 1,1894; sales in 1893—8,605 acres
Farmvllle& Powhatan.—
OwnsBermudaHundred,Va., to F arm ' receivable Jan. 1,1894, including interest, $144,090. for $85,773; bills
ville, 89 miles, and branches to Coalboro, etc., 7 miles; to tal 96 miles»
3-ft'. gauge. Completed March 3,1890. Stock: Common, $460,850 > L atest E arnings.—From Jan. 1 to Ju ly 31, 7 months—
7 Months.
Gross.
Met.
In t’st, etc.
Balance.
preferred, $500,000; par, $100. Loans and bills payable July 1,1893,
....... $1,384,879
$361,065
$361,158
def. $93:
$53,898. In year encung Ju n e 30,1893, gross earnings, $74,050; net, 1894
1893” ............
1,708,005
395,756
350,239
sur.45,517
$2,834; taxes, $4,035. In year 1891-92 gross, $86,578; net, $13,875.
Annual R eport .—Report for 1893 was in V. 58, p. 814, show ing:—
Findlay Fort Wayne & Western.—
Owns road in operation
1893.
1892.
Year ending Dec. 31.
1891.
from Findlay, O., to Indiana State line 60 miles, and partly completed
to Fort Wayne, Ind., 20 miles. On Ju ly 17, 1893, M. A. Smalley was Total gross earnings.........................$2,900,624 $2,886,715 $2,725,238
$861,961
$658,184
Net earnings over taxes............ $861,213
made receiver. The contractor claimed a first lien on the property for
607,943
605,161
$350,850, and under it sale took place April 7, 1894. I t is Interest on debt................................' 581,771
said $414,000 will complete the road. Trustees of mortgage of 1890 D iv id en d s........................................(4) 253,680 (4) 253,680
are Washington T rust Co. of New York and Allen Zollars of Ft. Wayne.
Stock authorized and outstanding, $1,440,000; par, $100. In year Bai for the y ear...............................sur.$25,761 sur. $338 sur.$53,023
- (56, p. 667; V. 57, p. 217,1038 ; V. 58, p. 8 1 4 , 902.)
1892-93 gross on 60 miles, $41,857; ejefleit from operating, $3,350.




«©

INVESTORS’

SUPPLEMENT.

V o l . L ix .

Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Table ~

RAILROADS.
INTEREST OR DIVIDENDS.
B o n d p p fg jr
Miles D ate Size, or
Amount R ate per When
F or explanation of column headings, &c., see notes of
of
Par
pi^ w,ken Due.
on first page of tables.
Road. Bonds Value. Outstanding Ceni. Payable Where Payable, and bv
Whom.
Dividend.
Florida Central < Pen.—1st M. $5,226 p. m, gold.o* 575 1888 $ 1,000 $3,000,000
&
J. & J, N. Y.,Guar.& Indem.Co.
2d M. (1st on ext., 92 miles) $5,226perm ., gold.c* 666 1890
J«iy i , 1918
1,000
423.000
J. & J,
do
do
Jan. 1 , 1930
Consol, mort., $7,800,000 ($10,000 p. m.), gold, .c* 780 1893
1,000
4.081.000
J. & J,
do
do
South Bound 1 st M., gold, int. ren tal................. c* 136 1891
1,000
2.033.000
A. & O. Merc.Tr.& Dep.Co.Balt. Jan. l , 1943
Florida M idland By.—Receiver’s certificates..........
Apr. 1, 1941
20,000
Fonda Johnstown A Oloversville—IstM .,s.f.,not dn. o*
1870 iò ó ‘ &c.
300.000
J . & ’ j. N. Y. ,Imp. &Tra.Nat.Bk.
Cons. M. for $500,000 ($300,000res’d for 1st M.)c
1881 100 &o.
July i','1900
200,600
A. & O.
do
do
Johnstow n G. & Kingsboro 1st M., a ssu m e d ......
1893
50.000
J. & J.
Fort Wayne < Jackson-Com m on stock......................
&
" id o
436,132
Pref. stock (8 p. c.), 5 ^ p. c. rental Lake Shore...
100
2,291,416
m ! &"s. N. Y„ Farm. L. & Tr. Co.
Sept.'l7 1894
Fort Worth < Denv. City—1st M., g., $18,000 p. m.o*
&
1881
1,000
7.963.000
J. & D. June, ’93, coup, last pd. Dec. II 1921
Equipm ent bonds.................................................... o
1889
1,000
160.000
M. & S. Sept.,’93, coup, last pd. Moh. 1 , I 899
P a n Handle RR. 1st m ortgage...............................
1889
1,000
225.000
J. & J.
Fort Worth & New Orleans—1st m ortgage.............
July 1, 1929
1885
709.000
J. & J.
In default.
Fort Worth < Bio Or.—1st M., gold, $20,000 p. m.c
&
146 1888
i',odo
2.923.000
J. & J. N. Y., Nat.Bk.of No. Am. t , 1925
Galveston Harrisb. (6 8. Antonio—1st M.,g.,land gr.c
1, 1928
’
71-’80 1,000
4.756.000
F. & A. N.Y.,So.Pac.Co., &Bost„ July 1 , i9io
Feb.
2d mortgage, H arrisb. and Houston to San Ant.c
225 1880
1,000
1 ,000,000
J. & D.
do
do
June 1, 1905
West. Div. IstM ., g., SanA.toElPaso,636 m.&br.c
671 1881
1,000 13,418,000
M. & N. N.Y.,So.Pac.Co.,23 B’rd May 1 , I93i
2d mortgage (see rem arks)................................ c
671 1881
1,000
6.354.000
J. & J.
Galveston Houston <•Hend. o f 1882—1st M., guar, .o
£
50 1883
1,000
2.200.000
A. & O. N. Y., 195 Broadway. July 1 , 1931
Apr. 1 , 1913
Georgetown < Western—1st mortgage, gold...........o
6
36 1887
200.000
M. & N.
May 1, 1917
Georgia Carolina < Nor.—IstM ., gold, guar.p.&i.o* 268 1889
6
i',òdo
5.360.000
J. & J. N. Y.,Brown Bro.&Balt. July 1, 1929
Georgia Co.—Tr’stb’ds,s.f.,dr.at 110 aft.July,92,g.c*
1887
1,000
4,000,000
J. & J. J uly,’92, ooup.last paid. July 1, 1937
Georgia Midland < Qulf—1st M., gold (See text)c&r* ido 1893
&
1,000
1.650.000
J. & J.
•See text.
July 1 , 1926
2d m ort., incomes, non-cum., $7,500 per m ile....r 100 1893
500
750.000
& J.
Jan. 1, 1926
Incom es..................................................................
105.000
Ten-year notes...........................................................
93-’94
78,460
A. & Ò.
New York.
1903-4
Georgia Pacific—1st M., $10.000 p. m.,gold, int. gu. 566 1882
1,000
5,663,900
J. < J.
fc
Jan. 1, 1922
Con. 2d M. ($9,000 per mile) gold, interest guar.c* 566 1888 500 &c. 4,711,510
A. & O. Apr.,’92, coup, last paid Oct. 1, 1923
Con. 2d income, non-cum. i$9,000p. m.), gold. .c<fcr 566 1888 500 &o. 4.660.000
A. & O.
Oct. 1 , 1924
Equip. M., g., gu. p. & i. (end.) s.f., subj. to call.c*
1889
1,000
931.000
F. & A. N. Y., C entrai Trust Co. Aug. 1, 1904
Equip, M., g., p. & i. gua. R.&D., subject to call..o*
1891
1,000
47.000
M. & N.
Car trusts, June 3 0 ,1 8 9 2 .................... .................
664,650
M. & S. N. Y., A tlantic Tr. Co. May,’94-1906
Florida CentralSc Peninsula.—
Operates from Columbia, S. C.,
Organ iza tio n , Stock , E tc .—Operated by the Southern Pacific Comvia Savannah, G a.,to Jacksonville, Fla., Tampa, Cedar Keys, etc., 933
m ile s; of which Columbia to Savannah, 136 miles, is South Bound RR. pany, which owns all but $570,812 of the $27,093,012 stock (par,$100)B onds.—First m ortgage covers 256 miles of road and 1,076,331 acres
H istory .—Sold in foreclosure in 1888 and reorganized by plan in
about $1,467,000. t has a sinking fund of per cent
V 46, p. 289. South Bound RR. was leased for 99 years from Oct. 1, of land valued a t w ith bondholders to I surrender their bonds1if drawn’
.
but it is optional
1893; its entire capital stock of $2,033,000 was subsequently purchased In 1893 holders of Western Div. 2ds agreed to cancel claims for ac­
The Florida Central completed in Deo., 1893, a line from H a rt’s Roads crued interest and th a t interest on these bonds should be paid only if
to Savannah, 114 miles, to connect the systems.
earned and should be non-cumulative. Y. 58, p. 719. Texas school
Stock .—Common stock is $20,000,000, p a r $100; preferred, 4 per debt, $12,586. Floating liabilities Jan., 1,1894, $3,327,483, including
cent cumulative [with preference as to both principal and accumulated $2,241,721 due Southern Pacific Co.; current assets, $662,042.
°
dividends], $4,500,000. Preferred is exchangeable for any subsequent
E arnings .—7 months, ) 1894, gross, $2,191,598; net, $532,680
4 per cent mortgage.
Jan. 1 to Ju ly 31,
) 1893, gross, 2,484,510; net, 553,247.
B onds.—Car tru sts 7s, June 13, 1892, $177,698, due in five years.
In year 1893 gross, $4,204,754; net, $997,453
Under the consolidated m ortgage for $7,800,000 (Trustee, N. Y. Guar­ age, etc., $81,137; to tal net income, $1,078,590;; receipts from track­
charges, taxes,
anty & Indem nity Co.) sufficient bonds were reserved to retire the $1,272,016; deficit from operations, $193,426. In 1892, gross etc 84
prior bonds a t m aturity. Consols for $3,382,000 have been issued to 556,423; net, $1,094,058. (V. 54, p. 800; Y. 55, p. 100,146!)
retire 1st preferred stock and build Savannah extension, and $698,000
Galveston Houston Henderson of1 8 8 2 .—Owns from Gal­
&
for rails, equipment, extensions and branches. A rental equal to 5 per
c e n t per annum on South Bound bonds is undertaken. Mercantile Trust veston. Texas, to Houston, Texas, 50 miles. Foreclosed in 1871, and
again in 1882. Control vested in Mo. Kan. & Tex. Leased for 99 years
& Deposit Co. of Baltimore is trustee of South Bound mortgage.
to International & Great Northern and bonds guaranteed by that com­
E arnings—Six m onths, ) 1894, gross, $1,319,276; net, $430,676.
pany. The lessee it is said pays interest and turns over to this com­
Ja n . 1 to June 30,
>1893, gross,
878,719; net, 293,425.
pany all surplus earnings over expenses, taxes, etc. Stock, $1,000,000For year 1892-93 gross, $1,655,721, against $1,645,655 in 1891-92; par, $100. E arnings .—For year 1892-93 gross, $561,192, agst. $505.’
net, $522,786, against $551,488; taxes, $66,000, against $64,500; 096 in 1892; net, $151,000, against $126,885.—(Y. 58, p. 512,773.)
interest, $210,950, against $163,714; balance, surplus, 1893, $245,836,
Georgia Carolina Northern.—
Sc
Owns road from Monroe, N. G
.
ag ain st $323,272 in 1892, on 660 miles in both years. (V. 55, p. 215 to A tlanta (Inman Park), Ga., 266 m iles; completed in April, 1892!
297, 503, 995. 1 0 3 4 , 1035; V. 56, p. 403, 502; V. 57, p. 255, 547, 595 Belongs to “ Seaboard ” system, and bonds guaranteed (by indorsement
1122; V. 58, p. 383, 733, 1035.)
on each bond) by lessees, Seaboard & Roanoke and Raleigh & Gaston
Florida MtdlandJ,Ry.—
Kissimmee to Longwood, Fla., 44 miles- RR. Cos. Mercantile Trust & Safe Deposit Co. of Baltimore is trustee
Road is bonded for $8,0»»0 per mile. Receiver’s certificates for $39,500 of mortgage; see abstract, V. 49, p. 239. Stock authorized, $1,000,have been issued, of which in Sept., 1894, $20,000 had been sold. Re­ 000; outstanding, $535,300 (par $100), mostly owned by the lessees.
ceiver is H enry 8. Chubb, Kissiu mee, Fla.
Loans and bills payable, Ju ly 1, 1893, $807,643. E aknings .—From
Fonda Johnstown Sc Oloversville.—
Owns from Fonda, N. Y.> Jan. 1 to July 31,1894 (7 months), gross, $373,707, agst. $273,936 in
to Northville, 26 miles. In November, 1893, leased Johnstow n Glovers- 1893. In calendar year 1893 gross, $551,390, agam st $292,413 in
ville & Kingsboro Horse RR. (now electric) for 999 rears, assum ing its 1892. For year ending June 30,1893, gross, $443,525; operating ex­
first mort. bonds and guaranteeing 8 per cent on its $50,000 stock. The penses, $545,929; other income, $275,015; rentals and taxes, $172,611,
stock is $300,000; par, $100. In year 1893-94 gross earnings, $217,141,
Georgia Company.— S u ppl e m e n t of January, 1894.
See
against $273,187 in 1892-93; net, $50,800, against $94,640; int.land
Georgia Midland Gulf.—
Sc
Owns from Columbus, Ga., to MoDonrentals (net), $35,511; dividends (8 p. c,), $24,000.
ough, 100 miles. Completed in September, 1887. Operates Columbus
Southern, Columbus to Albany, Ga., 88 miles.
D ividends .—In 1891-92,10 p. c.; 1892-93, 5 p. c.; 1893-94, 83p. c.
—(V. 55, p. 5 8 9 , 856,1035; V. 57, p. 7 70; V. 59, p, 422.)
Stock and B onds . - Stock authorized, $2,000,000; outstanding,
Fort WayneSc Jackson.—
Owns from Jackson, Mich., to F ort $1,245,000; par. $100. Car trusts, $53,900. In 1892 practically
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to all the old 6s were exchanged for new 4s and incomes. For extensions
Lake Shore & Michigan Southern a t a rental of $126,027, equal to 5*2 additional 1st 4s m ay be issued a t $15,000 per mile. The January
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any and July, 1893, interest on 1st mort. was paid in ten year 5 p. c. notes,
netearnings over 8 per cent on preferred stock to be paid as dividends and the January, 1894, interest was paid ^ in cash and ¿j in such notes.
on common stock, but not exceeding 2 per cent a year. In year 1893 July, 1894, interest not paid. Deposits of bonds with Central Trust Co.
have been called for. R. A. Lancaster & Co., 10 Wall St., flsoal agents.
gross earnings, $194,543, against $234,853 in 1892.
Fort Worth Sc Denver City.— Map Onion Pacific Denver & E arnings —In year 1893-94 gross, $164,200; net, $25,171; interest,
(See
Gulf)—Owns from F ort Worth, Texas, to Texline, 455 miles, and etc., $28,853; balance, deficit for year, $3,682. In 1892-93 gross,
$162,914; net, $11,300. (V. 56, p. 42, 164.)
operates Pan Handle RR., 15 miles, owning its stock.
Georgia Pacific.—
Atlanta, Ga., to Greenville, Miss., 455 miles;
Organization , E tc .—U. P. Denver & Gulf owns $7,766,000 of the
$9,375,000 stock; par $100. F irst 6s for $213,000 (additional to those branches 121 miles, of which 22 miies 3-foot g auge; total, 576 miles.
above) were held in company’s treasury Jan. 1. 1894. See abstract of
F o r ec lo su r e .—Bought for Southern Railway Co. a t foreclosure sale
mortgage, V. 45, p. 440 (trustee. Mercantile T rust Co. of New York.) August 18,1894, and now operated as p a rt of th a t system, under the
Equipm ent 6s are all owned by the Union Pacific.
name of Southern Railway Company in Mississippi. (Y. 59, p. 331.)
R eceiversh ip .—President Morgan Jones and John D. Moore were
R eor g a n iza tio n .—The Rich. & W. P. Term inal reorganization plan
appointed receivers Oct. 24, 1893. The December coupon went to as amended provides th a t the first mortgage bonds shall receive inter­
default. In Dec., 1893, George M. Pullm an, F. B. Lord. W. T. W alters est a t 5 per cent in cash and 1 per cent in preferred stock of the new
Sidell Tilghman and G. M. Dodge, Chairman, were appointed a first company for five years from Jam 1, 1893, and a t 6 per cent in cash
m ortgage bondholders’ committee. In March, 1894, loans and bills thereafter. Their present m ortgage lien to rem ain undisturbed (except
payable were $396,899; overdue interest, $254,115. In M ay,’94 (net as to interest as above); or if, in order to carry out this arrangement,
earnings for 3 m onths to Mar. 31 having fallen $88,516 behind fixed foreclosurebefoundnecessary, new bonds of equal lien to be substituted.
charges for 3 months), the bondholders' committee suggested the funding Consolidated second mortgage bonds to receive 125 per cent in preferred
■of a portioD of the in te re s t; see Y. 58, p. 941.
stock of the new company. Income bonds to receive 35 per cent in
preferred stock of the new company. Stock to receive 50 per cent in
E arnings.—Six m o nths,) 1894, gross, $513,654; net, $39,582.
common stock of the new company.
Jan. 1 to June 30,
) 1893, gross, 760,866; net, 170,320.
Sto c k .—Stock is $8,555,000 (par $100), of which $4,378,432 is held
Year 1893 gross, $1,498,731; net, $322,846; other income, $23,800;
int., charges and rentals, $520,875; deficit for year, $174,229. In by Southern Ry. Co. (formerly the Richmond & West Point Terminal
y e a r 1892 gross, $1,750,285; aet, $501,243; other income, $18,780; Co., etc.)—(V. 57, p. 144; V. 58, p. 43, 550; V. 59, p. 331.)
fixed charges, $516,643; balance, surplus, $3,380. In 1891 gross.
Georgia Railroad Sc Banking Company.—
Owns from
$2,014,720; net, $592,946. (V. 57, p. 722,1039; V. 58, p. 550, 941.)
Augusta, Ga., to A tlanta, Ga., 171 miles; branches to Washington
miles;
RR. (proprietary
Fort Worth Sc Rio Grande.—
Owns from F o rt Worth, Tex., to and Athens, 58 Ga., 74Macon & Augusta 4 miles; total, 307road), Camak,
miles; trackage,
miles.
Brownwood, about 146 m iles; completed in August, 1891. Mortgage Ga., to Macon,
Or ganization .—Owns also one-half the stock of the Western Railway
trustee is Central T rust Company, New York. Stock authorized, $3,500,000; outstanding,' $2,777,100; par, $100. Loans and bills payable of Alabama (the Central Railroad of Georgia owning the other half),
and has a one-fifth interest in the P o rt Royal & Augusta and a thirtyJu n e 30,1893, $189,135.
five one-hundredths interest in the A tlanta & W est Point (which see).
E arnings .—From Ja n u a ry 1 to August 31,1894 (8 months), gross, Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,$152,015, against $230,732 in 1893. In year 1893 gross, $379,038, 000 first mortgage 4*2 per cents of Western Railway of Alabama.
agst. $387,682 in 1892; net, $120,115, against $120,456. For year
In April, 1881, the railroad (307 miles)
ending June 30,1893, gross, $405,538; net, $134,219, against $144.487 railroad companies were leased for 99 and its interest in the other
years to W. M. Wadley and
in 1891-92. (V. 52, p. 81, 351, 642.)
associates, for the Central of Georgia and the Louisville & Nashville, at
Galveston Harrisburg San Antonio
Sc
.—(See Map o f Smith. $600,000 per year. Dec. 31,1892, the banking departm ent was turned
Pacific.)—Owns Houston, Tex., to San Antonio, Tex., 217 m.; San An­ over to the “Georgia Railroad Bank,” a separate corporation, a majority
tonio to Rio Gr. River, 636 m.; br’ches, 72 m.; leases 12 m.; total, 937m. [$198,200] of whose stock is held by the Georgia RR. & Banking Co.




Se p t e m b e r , 1894.]

KAILBOAD

STOCKS

AND

BONDS,

61

S u b s c r i b e r s will confer a great favor by giving immediate notice of any error discovered in these Tables.

RAILROADS.
Miles
For explanatnn 0j Coiumn headings, &e., see notes of
Read.
H first page of tables.
Georgia R a ilroads Tianking Oo.—Stock.................. 307
Bonds, not mortg^g*,
"
. 0*&r
Bonds, not m ortgage," ‘
e* S
< cr
Bonds not m o r t g a g e . ..........................
c*&r
..
Bonds not m ortgage.... ..............................
Georgia Southern < Florida'. JatoV.k"...............
&
1st mortgage ($12,000 p.
.......... ..........
285
Gettysburg dk Harrisburg—Stock__ " ...................
35
So. Mountain 1st mort., guar, by FhB i' X'ppfwV "
Getty sb’g & H. 1st M., old issue, gu. b y S & n “
Con. M. $565,000, g., gu, p.<fci. (end.)by Ph.^ r '¿*
35
Gouverneur < Oswegalchie—1st M., gold, gu. p.«, \ c
&
13
Grand Rapids < Indiana—Stock.......................... A*
&
1st M., land grant, g., s. f. (guar, by Pa. RR,). .c 335
IstM., g., ($293,000 land g ra n ts, f. not drawn), o’
1st mort., extended, gold. guar, by Pa. RR....... c
33 î>
2nd mortgage, redeem, a t 105 till Aug. 1,1894. o’ 367
367
Funded coupon scrip for $1,498,400.....................
Musk. G. R. & Ind. RR. 1st M., gold,traf. guar.c* ”37

Jtsonds—r'n n o lj
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due»
Amount
P a r Outstanding R ate per When Where Payable, and by Stocks—L ast
of
Bonds Value.
Cent. Payable
Whom.
Dividend.
1877
1880
1882
1887
1887
1882
1891
1892
1869
1869
1891
1884
1886
1892

2d mortgage, gold (does not cover lands).......c*

620
620

Dakota Extension 1st M., gold.......................... c* 1,212
2,470
Minneap. Un.RR.lstM .,g.,gu. ($650,000 are 5s).&

802
"70
256
205

1879
1879
1880
1883
1887
1890
1882
1888
1887
1888

$100
1,000
1,000
1,000
1,000
100
1,000

50

1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000

100,000

1,000
i 100
1,600

lOb

100 &c.
1,000
1,000
1,000
l , 000&c
£ 100 &c
$ 1,000
l , 000&c

l.OOO&c
1.000

Dividends since 1880—In 1881, 9 ^ per cent; in 1882, lO ^; from
1883 to 1887, 10; in 1888, 10%; from 1889 to Oct., 1894, both
inclusive a t ra te of 1 1 per cent per annum (2 % p er cent quarterly).
Company’s R eport .—In year ending March 31, 1893, rental, etc.,
was $600,150; dividend (No. 7) from bank, $50,000; total, $650,150;
interest, $148,000; dividends paid (11 percent), $462,000; balance,
$40,150; taxes, etc., $75,106; deficit, $34,957. Net earnings of bank for
year 1891-92 were $65,380, and bank surplus Mar 31,1892, $203,067.
Earnings oe R ailroads .—> 1894, gross, $182,428; net, $48,071.
July 1 to Aug. 311(2 m os.)) 1893, gross, $179,882; net, $40,759.
In 1893-94 gross, $1,367,185; net, $497,201; total net, including In­
terest and dividends received, $589,953. In 1892-93, gross, $1,480,252;
net, $392,019.—(Y. 53, p. 2 8 » ; Y. 55, p. 461.)
Georgia Southern & Florida.—
Owns from Macon, Ga.,
to Palatka, Fla., 285 miles, and operates the Macon & Birmingham
(which see), 95 miles. Completed in January, 1890. In 1891 Mr. Willis
B, Sparks, w as appointed receiver. The Jan., 1892, coupons were paid
in May 1892, ana the Ju ly coupon went to default. (See Y. 52, p.
796; V. 53, p. 95.) Coupons due and unpaid in July, 1894, $513,780.
A bondholders’ committee w as appointed (see V. 55, p. 722, 856), and
a majority of the bonds has been deposited with the trustee of m ort­
gage, the M ercantile Trust & Deposit Co. of Baltimore. (V. 55, p. 938.)
Foreclosure sale postponed in March, 1894, has again been ordered.
Reorganization plan provides for $4,000,000 of 1st 5s, $1,855,000 pre­
ferred and $4,000,000 common stock. V. 57, p. 853,1122.
Earnings.—1 month. 5 1 894 gross, $75,197; net, $15,024.

July 1 to Ju ly 31. \ 1893 gross, $64,838; net, $6,929.
In the year ending June 30,1894, gross earnings were $831,052; net,
$180,886. In year 1893 gross, $817,322; net, $176,970.—(V. 57, p.
105,179, 853, 893,1122; V. 59, p. 234.)
Gouverneur& Oswegatchie.—
Owns from Gouverneur to Ed.
wards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Central,
—
which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Grand Rapids & I n d i a n a . —(See Map o f Pennsylvania R R.)—
Owns from F ort Wayne, Ind., to Mackinaw City, 367 m iles; Manistee
Branch, 25; other branches, 4 4 m iles;total owned, 436 m iles; leases,
and operates Cincinnati Richmond & F ort Wayne RR., 86 mil««; Tra­
verse City RR., 26 m iles; Muskegon Grand Rapids < Indiana RR., 37
fc
miles—149 m iles; total, 585 miles. Second track 3 miles.
History and Stock .—Formed in 1854 and operated in interest of the
Pennsylvania Railroad, which votes a m ajority of stockuntil July, 1941
Bonds.—In May, 1894, of the 1st mortgage land g rant 7s $2,350,000
guaranteed by the Penn. RR. and $293,000 were unguaranteed;
$935,000 had no lien on the land grant.
A portion of the 7 per cent first mortgage land g rant bonds have
been extended at 4*2 per cent. They are endorsed w ith the guaranty
or the Pennsylvania RR. Co. to purchase the coupons as they m ature,
and the bond itself a t m aturity if not paid by the Grand Rapids
company. The extended bonds have no lien on the land grant. See
guaranty Y. 56, p. 649.
Pennsylvania RR. on Dec. 31, 1893, owned $2,700,000 2d mort8*ge bonds and $836,521 coupons.
The rental of the Muskegon < Grand Rapids it was understood should
¡6
equal interest on the bonds; in 1892 Muskegon road had profit over all
S S 68 °f $1,147, against $18,456 in 1891, b u t coupons due Jan. 1,
1804, were not paid. See V. 58, p. 127. As to guaranty of interest on
u n . Rich. & F ort Wayne, see th a t company, and Traverse City, see
that company in Supplement , November, 1892.
F unding P lan.—Default was made Sept. 1,1892, on coupons of general mortgage 5 per cents, and in 1893 m ost of the holders consented
to fund the interest from March 1,1892, to March 1,1900, into scrip,
upon which 4 jjer cent interest shall be paid semi-annually until the
senp is paid in full. This plan reduces the annual current liabili­
ties till 1900 to $681,261. See plan V. 56, p. 413; V. 57, p. 144.
. F l o a t in g D e b t , E t c .— On June 1 , 1 8 9 4 , car tru sts due and unpaid,
s j “ 0 ’9 9 6 ; not yet due, including locomotives, $ 3 0 8 ,6 8 1 ; bills payable,
$ 4 8 8 ,1 0 1 ; 7 per cent coupons purchased by Penn. RR., $ 5 1 2 ,5 2 1 ; 6 p. c.
coupons held by Penn. RR., $ 3 2 4 ,0 0 0 ; real estate rnorts., $ 5 2 ,0 5 0 .
AiIiAlrDSi'—The eothpany has a land g rant and in 1 8 9 3 sold 4 1 ,6 2 0 acres
¿ami land and 400 acres of pine land, for the aggregate price of
$•¿87,865. The lands unsold on Jan. 1, 1894, were about 248,491
acres. Assets, $1,343,265 bills receivable, etc., and $493,909 cash.
E arnings.—7 m onths 51894 gross, $1,348,468; net, $291,646.
January 1 to Ju ly 31. (1893 gross, $1,731,057; net, $312,215.
Annual R eport .—R eport for 1893 was in V. 58, p. 813, showing
results below; rentals and miscellaneous in 1892 included $163,870 for
oar trusts, betterm ents, etc.; and in 1893, $87,682 for construction.
Year end’g Dec. 31. 1890.
1891.
1892.
1893.
Miles operated............
428
432
438
438
Gross income............. $2,601,979 $2,400,414 $2,516,640 $2,185,899
N etoverexp’s ¿ ta x e s
859,382
694,788
732,654
388,283
Interest on bonds, etc. 739,700
751,929
724,850
524,199
Int. on floating d e b t..
58,630
52,186
46,997
78,975
Rentals and m iscel...
30,760
208,431
203,972
127,537
Balance......................sur.$30,292 df.$317,758 df.$243,165 df.$342,428
-(V 56, p. 413, 649, 6 6 6 ; V. 57, p. 144; V. 5 8 ,p. 127, 3 8 2 , 813.)




$4,200,000 See text.
1 ,000,000
6
1 ,000,000
6
300,000
6
200,000
5
4.275.000
3.420.000
6 g.
600,000
250,000
215,000
300,000
4,986,081
2,308,000
1,207,000
1,860,000
2,975,000
3,746,000
1,498,400
750,000
25,000,000
15,000,000
20,000,000
2,321,000
8. 000,000
5,676,000
31,907,000
7,616,000
£3,000,000
$2,800,000
4,700,000
8.700.000
3.625.000

Q .-J . N.Y.,Am.Ex. B’k & Aug.
J. & J.
do
do
J. & J.
do
do
J. & J. N.Y.,Am. Ex.Bk.&Aug.
J. & J.
do
do

Oct.
Ju ly
Jan.
Jan.
Jan.

15,1894
1, 1897
1, 1910
1, 1922
1, 1922

J. & J. Jan. ’92 coup, last paid. July 1, 1927

6
6

A. & O. Phila., P. & R. office.
1898
do
do
A. & 0.
1914
do
• do
5 & 6 Various
Oct. 1, 19265 g. J. & D. N.Y.,Gr’d Cent.Station. June 1, 1942

7 g. J. & J. N. Y., Winslow, L. & Co.
do
do
7 g. A. & O.
do
do
4 1sg. J. & J.
6
M. & N.
M. & S. Mar.’92, coup, last paid
5
4
M. & S.
Philadelphia, Pa.
5 g. J. & J. Julv,’93, coup, last paid
5 per an. Q .-F . N. Y. Office, 27 Pine St.
do
do
4: g. M. & S.
6 per an. Q.—F.
do
do
7 g. J. & J. New York and London.
do
do
6 g. A. & O.
6 g. M. & N. New York, 27 Pine St.
J. & J.
do
do
4*2 & (Tg.
4 g. J. & D.
do
do
4 g. J. & J. N.Y.& Lon. .Baring Bros
5 & 6 g. J. & J. New York, 27 Pine St.
5 g. A. & O. N.Y.27Pine; Bos.,Lee,H
5 & 6 g . J. & J. New York, 27 Pine St.
5 g. J . & D.
do
do

Oct.
Oct.
July
Nov.
Sept.

1,
1,
1,
1,
1,

1899
1899
1941
1899
1924

Ju ly
Aug.
Sept.
Aug.
Ju ly
Oct.
Nov.
July
Ju n e
Ju ly
Ju ly
Apr.
Ju ly
Ju n e

1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1926
1894
1902
1894
1909
1909
1919
1933
1937
1949
1922
1908
1937
1938

. G r e a t N o r t h e r n . —!See Map.)—Operates under lease the St. P a u l
Minneapolis & Manitoba Railroad, 3,709 m iles of road. Also owns
the entire stock of the following lines, b u t keeps th eir earnings
separate, their income appearing in the G reat N orthem income account
only as revenue from stocks and bonds owned or as other re ce ip ts:
The Willmar & Sioux Falls, Willmar, Minn., to Sioux Falls, Dak., 147
miles; the D uluth Watertown & Pacific, W aterto wn, Dak., to H uron,
Dak., 70 miles; the Minneapolis Union, 2'5 miles; the Eastern of Minne­
sota, 72 miles; the Montana Central, G reat Falls, Mon., to Butte,M on.,
257 miles, including branches. Total operated J u ly 1,1893, was 4,257.
Also owns the Seattle & Montana, Fair Haven & Southern and New
W estminster South. RRs., extending from Seattle, Wash., to S. West­
m inster, 159 miles. Extension to Seattle, Wash., w as opened May 5,
1893, and to Yankton, So. Dakota (Will. & S. Falls RR.) in Sept., 1893.
H istory , Stock, L eases, E tc.—
This corporation in February, 1890
leased the St. Paul Minneapolis & Manitoba for 999 years, assuming its
funded debt and guaranteeing 6 per cent per annum in gold on its $ 20,000,000 stock. The Great Northern’s authorized capital was $40,000,000,
of which $ 20,000,000 is preferred 6 per cent non-cumulative, and this
only is a t present outstanding. The Manitoba stockholders were offered
the privilege of taking it a t 50, the remaining 50 per cent being paid by
a transfer to the Great Northern of all the securities owned by the Man­
itoba Company, amounting to over $22,000,000. The securities acquired
by the G reat N orthern have been placed in tru st to secure the unity of
the system. (See V. 49, p. 435; V. 50, p. 205.) The preferred stock can
be increased with the consent of three-fourths the pref. outstanding.
Stock—In 1893 $5,000,000 preferred stock w as sold to pay for
equipment, term inals, etc. See V. 56, p. 753. See also above.
L ands.—St. P. Min. & Man. land grant was 3,848,000 acres. Land
sales are applied to the redemption of 1 st mort. bonds a t or under 105.
Sales for year ending June 30,1893, were 34,514 acres, for $291,596, and 319 town lots, for $13,293. The net am ount due on land con­
tracts June 30,1893, was $1,472,585; lands unsold, 1,494,909 acres, of
which 118,000 acres in dispute with St. P. & N orthern Pacific.
Minneapolis & St. Cloud grant was 476,864 acres; unsold Ju ly 1,
1893,416,280; sales in 1891-92, 2,720 acres, for $11,543.
D ividends , &c.—Dividends on Great N orthern preferred sto ck : In
November, 1890, 1 per cent; in 1891,4%; in 1892, 5 per c e n t; in 1893,
5 p. o.; in 1894, Feb., 1% p. o.; May, 1% p. o; Aug., 1% p. o.
Dividends on Manitoba stock have been 6 per cent yearly since 1880
B onds.—In 1892 the G reat Northern issued its collateral trust bonds
for $15,000,000, secured by deposit w ith the trustee of £3,000,000 Pacific
Extension 4s of the St. Paul Minn. & Manitoba Ry. Co. V. 54, p. 525.
The St. Paul Min. & Man. consol, mort. of 1883 is for $50,000,000, of
which $15,096,900 are reserved to pay prior liens. The m ortgage on
Montana Extension is for $25,000,000 for extensions, $15,000 per mile
being allowed for second track; bonds for $11,502,000 secured by th is
mortgage, additional to am ount in table, are deposited as p a rt security
for Pacific extension bonds. A bstract V. 45, p. 342.
Pacific extension mortgage for £6,000,000 (trustee of mortgage Cen­
tra l T rust Company of New York), provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of M ontana; £3,000,000
of this issue are pledged to secure the G reat Northern’s collateral
tru st bonds. See abstract of mortgage, V. 52, p. 82.
Minneapolis Union bonds cover the passenger term inals a t Minne­
apolis, including Union depot and double-track stone arch bridge
across the Mississippi.
Eastern Railway o f Minnesota runs from Hinckley northw ard 70
miles, to a point near D uluth; the m ortgage covers equipment, ter­
m inals and elevators. Montana Central bonds cover several roads
(See adv. Chron . Dec. 12,1891.) The Manitoba guarantees both these
issues, and the G reat Northern assumes the guaranty.
The Willmar < Sioux Falls bonds are endorsed w ith jo in t and several
&
guaranty of the Manitoba and G reat N orthern companies. F urther
issues m ay be made a t $17,500 p. m. for additional road. V. 56, p. 247.
General F inances.—The earnings of the company from Ju n e 18,
1893, include the Pacific Extension, 819 miles. The rental due the
Manitoba road for 1893-94 will be $5,295,758 against $4,640,286 in
1892-93, the increase being principally for this extension. The Willmar
6 Sioux Falls bonds and $5,000,000 pref. stock were sold in 1893. In
May, 1894, $700,000 Montana Central 1st 5s and $178,000 St. P. M. <
fc
M. consol. 4 12S were issued. V. 58, p. 816.
In August, 1894, traffic arrangem ents were made w ith Oregon Ry. &
Nav. Co. giving Gt. Northern a through line from St. Paul, Minn., to
Portland, Ore., via Spokane. V. 59, p. 152,191.
E arnings.—Jan. 1 to Aug. 31, 1894 (8 months), gross, $7,980,466,
against $9,445,795 in 1893. Results irom G reat N orthern system for 6
m onths ending December 31,1893, were as follow s:
Gross e arn in g s............. $9,197,040 Int. and guar. dividends$3,155,419
N et earnings.................. 3,435,036 Div. on Gt. No. stock...
562,500
Int., divs., &c., rec’d ... 314,702
Net from steamships,&c 267,373
Balance, surplus....... $899,192
Annual R eport .—Fiscal year ends Ju n e 30. Annual m eeting is held
a t St. Paul on the second Thursday in September. The annual rep o rt
for 1892-93 was published in the Chronicle of Nov. 25,1893.
The following tables shows (1) earnings of the lines leased from St.
Paul Minneapolis & Manitoba Co., (2) th e Gt. N orthern income account,
(3) the earnings of the E astern of Minnesota, Montana Central, etc.

INVESTORS’
SUPPLEMENT.




63
•S
eptem
ber 1894]
,
KAILKOAÜ STOCKS A N D BOJIOS.
"— ■ ■
■
■ y * —■
■
J
l-—
■
...........
!
'
......................
.....
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
Bonds—P rin d
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When D ue.
Amount
of
P ar Outstanding Rate per When Where Payable, and by Slocks—Last
For explanation of column headings, &c., see notes of
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.

w

Oreen Bay Winona < St. Paul—Common stock........
&
~ Preferred stock..................................... ................. c*
First consolidated mortgage, gold....................... c
2d mortgage, income, non-cumulative.................o
Half d Chicago—Stock..................................................
Gulf Western Texas < Pacific—Stock.........................
£
~ Tgt mortgage ($20,000, per mile) gold....................

215
215
62
111

22
Consol, mortgage, gold, redeemable a t 105..........
Hannibal < St. Joseph—Common................................
6
Preferred.....................................................................
Consol, mortgage, now 1st m ortgage.................c* 292
Harlem River & Poftchester—See N. Y. N e w H ave N & H
Harnsb. Portsm’th Mi. Joy < Lane.—Stock,7 p. e.gu.
£
54
54
1st mortgage (ext’d in 1883), guar.p.&i.Pa. RK..r
Hartford < Connecticut Western—BtocM.................... 109
è
1st" m ortgage.............................................................. 109
Hereford—See Ma in e C entral .
Hibernia Mine RR.—Stock.........................................
4^
Housatonic—See N ew Y o r k N e w H aven & H artf ORD.
Houst.East < West Texas—1st M.($20,000 p.m.),g.c&r 192
t
Houst. dk Tex. Cent. EE.—Common stock..................
State of Texas prior lien on first 75 miles...........
75
1st M. l.gr. ,g. ,red. 110,int. gu.end., $8,634,000.c*&r 453
•Cons. M., ld.gr., gold, rèd.at 110, int. guar., end.c*&r 453
Gen. m ort..gold, int. guar, by So. Pàc., e n d .. .C'&r 453
Debent., p. and i. gu. So. Pac., end. See text.c*&r . . . .
Debent., p. and i. gu. So. Pac., end. See text.e*<fcr
Hud. Sus. Bridge < N. B. Ry.—lstM.$10,000,000. c*<fcr
&

$100 $8,000,000
100
2,000,000
1892 500 &c. 2,500,000
5 g.
1892
1,000
3,781,000
4
_
_
100
400,000 1 p. c. in
500,000
1891
2,220,000
5 g•
100
350,000
1,000
1891
330,000
5 g.
100
....
9,168,700 See text.
100
5,083,024 See text.
1881
1,000
8,000,000
6
ART.
50
1,182,550 7 per an.
1853 500 &e.
700,000
4
_
_
100
2,700,200 2 per an.
1,000
1883
700,000
5
100

F. & A.
F. & A.
J a n .,’94

1,000

1870
1890
1890
1890
1890
1890
1888

1,344,000
10,000,000

1,000
1,000
1,000
1,000
1,000
1,000

7,429,000
3,497,000
4,300,000
705,000
411,000
1,266,000

5
6
5
6
4
6
4
5

Feb. 1, 1911
Aug. 1, 1906
Jan ., 1894

J. & D. N. Y., Mfiis Building.

Dec. 1, 1941

J. & J. N. Y., Third Nat. Bank.
Dec’ber.
Boston „Office.
d8
Dec’ber.
M. & S. N.Y.,Bk.ofNo. America.

Jan . 1, 1931
Dec. 31,1893
Dec. 31, 1893
Mch. 1, 1911

J.
J.
F.
J.

&
&
&
&

J. Phila., Company’s Office July, 1894
July 1, 1913
J.
do
do
Aug. 31,1894
A.
Hartford.
July 1, 1903
J.
do

200,000 6 per an. A. & 0.

1893

See text.
N. Y., when earned.
Ripley, Miss.

g- M. & N.

See C entral of N. J.

Oct., 1894

New York.

May 1, 1933

g- J. & J. N. Y., Central Trust Co. July 1, 1937
Oct. 1, 1912
do
do
g. A. & 0.
Apr. 1,192 1
do
do
g. A. & O.
A. & O.
Oct. 1, 1897
do
do
A. & O.
do
do
Oct; 1, 1897
In default.
Feb. 1, 1938
g. F. & A.

K
N ote —The surplus earnings of th e proprietary companies w ere not surplus for year over int., taxes, etc., $36,308. In 1892 gross, $185,

«divided in 1892-93, and hence are not included in the G reat Northern’s 262; net, $57.047.
income account.
Hannibal & St. Joseph.—
Owns from Hannibal, Mo., to S t .
(1.) OPERATIONS ST. PAUL MINNEAPOLIS & MANITOBA.
Joseph, Mo., 206 miles; branches—Cameron to Kansas City, 53 miles ;
Year end. June 30. 1890.
1891. a?
1892.
1893.
8t. Joseph to Atchison, Kan., 20 miles; Palmyra to Quincy, 111., 13 miles ;,
Av. miles operated. 2,784
a p s ïp *
2,865
3,352
teases, a m iles; total operated, 295 miles. Owns bridge a t Kansas City.
Passenger earng’s. $1,774,568 $1,876,960 $2,028.949 $2,145,293
Sto
Burl. &
Freight earnings. .. 6,915,167
7,628,011
9,720,486 10,522,805 stock c k .—Chic.right to Quincy RR. ow ns $14,244,900 stock. c Preferred
has prior
a non-cumulative
t; then
Mail, exp., r ’nts, &o. 684,265
776,743
854,693
854,483 common to 7; then both share. D ividends dividend of 7 per e nin 1881
.—On preferred stock
and 1882, 7 ; in 1 8 8 3 ,3 ; in 1887, 7 ; in 1888, n il: in 1889, 5 ; in 1890
Tot. gross earns..$9,374,000 $10,281,714 $12,604.128 $13,522,581 nearly 2 per c e n t; in 1 8 9 1 6*82 per c e n t; in 1892, 7 per cent on p re ­
Maint, of way, &o.. $776,506 $1,243,001 $2,243,543 $2,107,413 ferred and 7io p. c. on comm on; in 1893, 7 p. c. pref. and 23 p. e. com.
Maint, of c a r s ........
487,517
513,670
I ncome accounts have show n: Surplus over charges: In 1893, $646, 2,230,530 ^ 1*945,419
_
Motive p o w e r_ _ 1,478,640
1,628,645
Transportation....... 1,242,490
1,302,052
1,541,454
3,473,277 8 7 1 ; in 1892 $ 4 2 2 ,0 5 2 ; in 1891, $409,780; in 1890, $102,071.
General....................
531,620
476,587
505,876
709,308
Harrisburg Portsmouth Mount Joy & Lancaster.—
Owns
Taxes..............
274,351
299,651
367,551
375,554 from Dillerville, Pa., to Harrisburg, Pa., 36 m iles; branch, Middletown,
Pa., to Columbia, Pa., 18 miles; total operated, 54 miles. Leased to the
Total expenses.$4,791,124 $5,463,606 $7,500,849 $7,710,971 Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
Net earnings........ .$4,582,876 $4,818,108 $5,103,279 $5,811,610 being 7 p er cent on the stock and interest on the bonds, taxes and ex­
P.e.of exp. to earns.
51*11
53*14
59*51
57*02 penses of organization. Stock, $1,182,550; p a r $50.
(2) gkeat n o rthern railr o a d INCOME ACCOUNT.
Hartford Sc Connecticut Western.—
Owns from H artford,
re a r ending June 30.
1891.
1893.
1892.
Conn., to Rhinecliff, N. Y., 109 miles. Reorganized in 1881 and in.1888
_
Net earns St. P. M. & Man_ $4,818,108
$5,103,279
$5,811,610 a controlling interest in the stock was purchased by parties interested in
285,704
Interest on bonds ow ned........
244,040 the Poughkeepsie Bridge. Leased till August, 1939, to the P hila­
340,187
Dividends on stocks owned....
21,036
18,036
70,136 delphia Reading & New England (for which in 1893 receivers were
Rentals of leased lines..............
185,705
178,256
191,518 appointed), the rental paying charges and 2 per cent per an­
Interest and exchange.......... ..
118,586
249,763
256,688 num on the stock. There are $33,000 Conn. Western RR. 7 per cent
Bills receivable..........................
198,480
135,630
92,830 bonds, due 1900, convertible into stock a t 60 per cent. Of the stock
Other income ............... ............
114,424
163,339 $1,390,000 is owned by the lessee and pledged under its m ortgage.
17,547
H i b e r n i a M in e K B . —Owns from Rockaway, N. J., to Hibernia
$6,042,698 $6,830,161
Total receipts........... $5,742,043
Paid rental 8t. P. M. & M an.. 4,084,672
4,099,224
4,647,831 Mines, N. J ., 4*4 m. Leased to Cent, of N .J. in 1890 for $12,000 per an.
G reat N orthern dividends_(S^jeSOJKH)
(5)1,000,000 (5)1,000,000
H o u s t o n B a s t Sc W e s t T e x a s .—Owns (rom Houston, Texas, to
Miscellaneous..... .......... ..........
18,750
........
Sabine River a t Logansport, 192 miles. Standard gauged Ju ly 29,1894.
H isto r y .—This railroad is the successor in 1893 of the railway of
Surplus.......... ......................
$988.621
$943,474 $1,182,330
same name sold in foreclosure Aug. 2,1892. Lands were 73,800 acres
(3) EASTERN MINNESOTA, MONTANA CENTRAL, ETC.
R eorganization .—The new first mortgage is for forty-year gold
Year end. June 30,’93. Gross.
Net. Fixed charges. Balance.
fives a t $20,000 a mile on the 192 miles, making a total issue of $ 3 ,-/
Eastern M innesota...$1,355,236
$742,675
$235,000 sr.$507,675
Montana C entral....... 1,157,385
354,474
460,000 df.105,526 840,000. About $2,000,000 were to be used to settle the principal and
Minneapolis U nion... 306,660
240,090
161,500 sr.78,590 interest on the old firsts and $300,000 for prior judgments. The re ­
Willmar A Sioux Falls 500,014
236,167
142,187 sr.93,980 m ainder of the issue used to standard-gauge the road.
The net earnings here include “ other income,” which for E astern
E arnings .—F rom J u ly 1 to M ay 31,1894 (11 m os.), gross $416,981,
Minn., was $167,527; for Mont. Cent., $2,154; for Minn. Union, $500. a g a in s t $428,009 in 1893; n et, $163,125, a g ain st $121,926. In y e a r
—(V. 56, p. 42, 752, 887; V. 57, p. 144,170, 375, 8 8 0 , 8 9 3 , 8 9 7 , 958; 1892-93 gross, $457,563; n e t, $134,104; tax es, im provem ents, &o.,
V. 58, p. 263; Y. 59, p. 152,191.)
12,731; balance, surplus, $121,373. In 1891-92 gross earuingH were
Green Bay Winona St. Paul.—
Sc
Road owned from Green Bay, 422,933; net, $77,637. Total surplus June 30. 1893, after “ deduc­
Wis., to Marshland, Wis., 209 miles; branches, 13 miles; trackage to tions,” $6,991. (V. 56, p. 835; V. 57, p. 144; V. 59, p. 234.)
Winona, 4 miles; total, 225 miles, of which in March, 1893,172 miles
H o u s t o n Sc T e
were steel. Also leases the Kewaunee Green Bay & Western RR., Pacific)—Owns fromx a s C e n tr a l Railroad.—(See Map o f Southern
Houston, Texas, to
Kewaunee to Green Bay, 30 miles. The Winona & Southwestern Hempstead, Texas, to Austin, Texas, 115 mDenison, Texas, 338 miles ;
iles; total owned, 453 miles.
•(which see) was operated in the same interest.
Also operates Fort W orth & New Orleans Ry., G arrett to Fort Worth,
H istory .—In August, 1892, reorganized w ithout foreclosure by plan 41 miles; Central Texas & Northwestern, 12 miles; Austin & N orthw est­
-of Feb. 24,1892. Bee S u ppl e m e n t of July, 1892, and V. 54, p. 443, ern, 102 miles; other, 4 miles. The Waco & Northwestern, Bremond to
486, 643, 800. Del. L. & Western parties are interested tn the property. Ross, Tex.. 58 miles, was sold in foreclosure Deo. 28,1892—see th a t com­
As to traffic agreem ent w ith Toledo Ann Arbor & North Michigan, pany. Land grant from the State of Texas was 10,240 acres per mile.
see V. 55, p. 331. Due on rails and equipm ent Jan. 1,1893, $87,830.
H is to r y .—Successor to a railway company of the same nam e fore­
B onds .—The first consolidated mortgage is to the Farm ers’ Loan & closed Sept. 8,1888. Reorganization plan V. 45, p. 792, 820. April
Trust Co., as trustee, and covers the entire property and its equipment, 11, 1893, the new company, w ith Thos. H. Hubbard as President,
•excepting the La Crosse branch 6 miles in length.
took possession.
Interest due Aug. 1,1894, a t Farm ers’ L. & Tr. Co., N.Y., was not paid,
Stock.—The new stock is $10,000,000 (par $100) and the old stock­
¡but it is said default will be only tem porary.
holders paid a cash assessm ent of $71 40 per share to obtain their pro
E arnings .—From Ju ly 1 to December 31,1893, gross earnings were rata share of the n ew stock. (See V. 51, p. 493.)
$203,032. For year ending June 30, 1893, gross, $481,934; net,
B onds .—The
$106,419; interest, taxes, etc., $121,269; deficit, $14.850. In 1891-2, land sales. In bonds are being gradually reduced w ith proceeds of
December,
Morgan’s
& Texas
gross $449,187; net, $46,112; deficit under charges, $77,505; improve­ RR. & SS. Co. brought suit to1892, the $1,343,538. Louisiana mortgage
recover
The
ments, $76,251; total def. in 1891-92, $153,756. Samuel Sloan, Presi­ was for $8,634,000, of which $570,000 reserved against first of State
claim
dent. (V. 55, p. 255; V. 56, p. 887; Y. 57, p. 9 7 8 ;'Y. 59, p. 191.)
of Texas upon 75 miles of the road. Balance issued, but reduced to
Gulf BeaumontSc Kansas City.—
Organized in 1893 to buildTa present figure by land sales.
The Southern Pacific Company guarantees interest on all the bonds
road from Beaumont, Tex., through the pine lands and stone quarries
to a point In the northern p a rt of Jasper County. Tex., about 70 miles. and both principal and interest of the debentures. The first mortgage
In September, 1894, 40 miles from Beaum ont to Buna were built bonds and the consolidated mortgage bonds may be called for redem p­
•and 15 miles more nearly completed. Office, 12 Pearl St., Boston, Mass. tion a t 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. The first mortgage was a first lien on some­
Gulf Western TexasSc JPacItIc.— rt Lavaca to Cuero, Texas, thing less than 2,000,060 acres of land and the consoli >ated mortgage
Po
•56 m iles; Victoria to Beeville, 55 m iles; total, 111 miles. A Southern a first lien on about 1,000,000 acres. Of the $ ,068,000 consolidated
Pacific property, the Morgan’s Louisiana & Texas owning all b u t $3,500 6s authorized $1,149,000 (not included in the am ount outstanding
•of the $500,000 stock. Jan. 1,1893, owned 207,380 acres of land valued above) are held as p art security for the general m ortgage 4s. Trustee
•at $224,854. In 1893 gross earnings, $97,574; deficit from operating of general mortgage is M etropolitan T rust Co. of N. Y. There are $13,$73,014, against $82,248 in 1892; interest $111,200; taxes $8,276.
000 Union Depot bonds. The debentures have interest b ut not princi­
payable in gold.
^Hancock Sc Calumet.—
Owns narrow-gauge road from Hancock palune 30,1893, current liabilities exceeded current assets by $375,486.
J
to Fulton, Mich., 19 miles; branch, 3 miles. Stock, $350,000; par,
E arnings .—The earnings, &c., were as follows :
$100—of which $250,000 is owned by Mineral Range RR. Co.—which
see. Two dividends, 2-*a p. c. each, for year 1893 were paid on June 30,
Year ending June 30—
1891.
1892.
1893.
1894, and in July, 1894, 2 ^ per cent for first 6 months of 1894. Mort­ Passenger, mail, etc.................. $1,024,959
$982,183
$1,003,437
gage is for $400,000. In year 1893 gross earns., $187,276; net, $58,645; Freight.......................................... 2,550,084
2,788,247
3,185,873




f

64

-

;■

INVESTORS’

SUPPLEMENT.

_____________

[VOL. L ix .

Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese tables
RAILROADS.
INTEREST OR DIVIDENDS.
B onos—Prima"
Miles D ate Size, or
Amount
F or explanation of column headings, &c., see notes of
of
P a r O utstanding R ate per When Where Payable, and bv pal, When Due.
Stocks—
Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Huntingdon A Broad Top—Common stock...............
67
Preferred stock, 7 per cent, non-cumulative........
67
1st m ort., extended in 1890 (int. only in gold)...
67
2d mort, (interest but not prin. payable in gold) .
67
3d m ortgage, consolidated.......................................
67
Illinois Central—Stock................................................
....
Leased line 4 per cent stock, guar, (see rem arks.) . . . .
1st m ort.- o f f Sterling bonds of 1895............... j
f
1 8 7 4 f o r ] Sterl. of ’03, *10,000 dr’nyrl.c*
$15,000,000 <Sterling bonds of 1905............... > 706 <
secures all 4s of 1886, due 1951, gold_ o*
_
equally....... [ 3Hss of 1886, due 1951, gold.. o* J
{
T rust bonds sterl. (secured by Ch. St.L. AN. O. cons.)
1st M., Spring. Div. (Gilman to Sp.),$2,000,000.c i ï ï
1st M., Middle Div.,Otto to Norman Juno. A brs.r 131
Collateral tru st bonds, gold, $ ......... ....................e* 854
__
Cairo Bridge bonds, gold (see rem arks)__ c*<fer..
Col. trust. $25,000,000, gold, on L. N. O. A T..c*&r 798
Collateral tru st of 1904, gold (see t e x t) ..__ c*&r __
Chic. St. Louis A N. O., 1st M, (pridr lien in Tenn.
567
1st mortgage, Cairo, 111., to N. 0.,L a.andbranchf 567
2d m ortgage..... ......................................................“ 567
Consol, mort. ($18,000,000), gold (see text).c*&r 567
Memphis Div. 1st M., gold, guar. p. &i. (end.) .o* 100
Indiana Decatur A Western.........................................
Indiana Illinois A Iowa—IstM ., gold, red. a t p a r .. c* 118
> f s t and 2d inc.Ms. ($250,000 each) 4 p.c.non-cum.r 118
» 1st M. So. Bend Ext. <$500,000) g., red. a t 105.c*
35
Indiana A Illinois Southern—B onds...................... c
Indianapolis Tin —ls tm ., g., s. f. not subj.to call.c* . . . .
T ear ending June 30—
1891.
T otal gross earnings..................$3,575,043
O perating expenses.................. 2,610,154

1889
1889
1893

1,000
500
1,000

1886

1,000

....
__

$1,371,750
2,000,000
416,000
367,500
1,497,000
50,000,000
10,000,000
2,500,000
3,550,000
1,000,000
1,500,000
2,499,000
5,266,000
1,600,000
968,000
15,000,000
3,000.000
21,534,000
5,000,000
539,000
828,000
80,000
11,281,000
3,500,000
See text.
800,000
457,500
301,000
790,000
965,000

See text.
7 per an.
4 g.
7 g.
5
See text.
4 per an.
6 g.
5 g.
5 g4 g3 ifl g.
3 in g.
6
5
4 g.
4 g.
4 g.
4 g.
7
7
6
5 g.
4 g.

J. A J. Phil. Of. ,4th AWalnutSt.
J. A J.
A. A O.
F. A A.
A. A O.
do
do
M. A S. New York, 214 B’dway.
J. A J.
A. A O.
London.
A. A (). London,Morton,R. A Co
.1. A D.
do
'do
J. A J. New York, 214 B’dway.
J. A J.
do
do
J. A J. London, Baring Bros.
J. A J. New York, 214 B’dway.
F. A A.
do
do
A. A O.
do
do
J. A D.
do
do
M. A N.
J. A J.
do
do
M. A N.
do
do
M. A N.
do
do
J. A D.
do
do
J 15AD15
do
do
J. A D.
do
do

July 30,1894
July 30,1894
Sept 30,1920
feb. l , 1895
J» 1895
Sept. 1 , 1894
July 2, 1894
4-Pr- 1, 1895
Apr. 1, 1903
Dec. 1 , 1905
Jan. 1 , 1951
Jan. l , 1951
July 1, 1950
Jan. 1, 1898
Aug. 1 , 1921
Apr. 1, 1952
Dec. 4, 1950
Nov. 1, 1953
Jan. 1, 1904
Nov. 1, 1897
Nov. 1, 1897
Dec. 1, 1907
June 15,1951
Dec. 1, 1951

4 g. J. A D. N. Y., Metropol. Tr. Co. Dec. 1, 1939
4
A. A O.
do
do
Dec. 1, 1939
New York City.
5 g- M. A S.
Mar. 1, 1943;
41 M. A N. Phila., Fidelity Trust. May i",’ l*926
ag.

1893.
these consol. 5s $5,266,000 additional to the am ount outstanding above
$4,189,310 are pleged as security for the Illinois Central tru st bonds of 1886.
2,737,768
General F inances .—Bills payable were, Ju ly 1 ,1 8 9 4 , $2 448 574
coupons and rents payable, $504,227; contra, cash assets, $253 217
N et earnings............... . .............. $964,889
$1,122,493
$1,451,542 bills receivable secured by collateral, $2,512,226. In January 1894
______
______ for acquisition of
Miscellaneous income............... $168,813
st bonds*
Total interest charge about.........................
..........
900,000 were issued, the the Ches. O. & S. W., $5,000,000 collateral truwith the
deal being made under an arrangem ent
--(V. 55, p. 927,1033; V.56, p. 621, 835; V. 57, p. 853.)
Louisville A Nashville. See Ches. Ohio A Southwestern.
Huntingdon & Broad Top.—
Owns from Huntingdon, Pa., to
E a r n i n g s —1 month, < 1 8 9 4 , gross, $ 1 ,2 1 2 ,1 1 8 ; net, $ 2 2 5 ,8 9 7
Mount Dallas, Pa., 45 m iles; branches, 22 m iles; to tal operated, 67.
July 1 to Ju ly 3 1 . I 1 8 9 3 , gross, 1 ,7 8 9 ,7 3 6 ; net, 5 3 1 ,4 0 4
S e c u r i t i e s .—Preferred stock is 7 per cent non-cumulative. Deo. 3 1 ,
A n n u a l R e p o r t .— Fiscal year ends June 3 0 . A n n u a l meeting is held
1 8 9 3 , car trusts were $ 5 8 9 , 4 5 9 ; bills payable, $ 3 0 ,0 0 0 . Bonds due in a t Chicago the second Wednesday in October. Report for 1 8 9 3 -9 4 was
1 8 9 5 and 1 9 2 5 have Interest but not principal payable in gold.
published a t length in C h r o n i c l e of Septem ber 2 9 , 1 8 9 4 . The follow­
D i v i d e n d s o n p r e f e r r e d —I n 1 8 8 4 , 1 ^ p e r c e n t ; i n 1 8 8 7 , 2 ; i n 1 8 8 8 ing does not include Yazoo & Mississippi Valley—which see below
a n d 1 8 8 9 , 5 y e a r l y ; i n 1 8 9 0 , 5 ^ ; i n 1 8 9 1 ,7 ; i n 1 8 9 2 ,7 ; i n 1 8 9 3 , 7 . O n
Tear ending June 3 0 —
1892.
1893.
1894.
c o m m o n s t o c k i n ’9 1 , 2 p . c . ; i n ’9 2 , 4 ; i n ’9 3 , 5 p .o .; i n ’9 4 , 5 p . c.
2,883
Miles operated............................
2,888
2,888
Passenger earnings..... ............. $4,388,269 $5,151,398 $6,116,603
R eport .—Report for 1893, in Y. 58, p. 344, showed gross earnings,
$703,608; net, $369,419; n e t from collieries, etc., $3,185"; interest. Freight earnings......................... 12,809,973 12,781,201 12,253,612
2,162,591
$117,295; dividends, common and preferred $208,587. In 1893 $54,821 Mail, express A miscellaneous. 2,093,518
2,287,249
w as spent for improvements. In 1892, gross, $678,122; net, $365,712.
Total e a rn in g s....................$19,291,760 $20,095,190 $20,657,464
—(V. 56, p. 1 0 5 5 ; Y. 58, p. 344.)
Illinois Central.—
(»See Map.)—R oad .—Operates from Chicago, Operating expenses.................... 14,070,020 14,283,934 14,369,416
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux Net earnings............................... $5,221,740 $5, «11,256
$8,288,048
City, la., 509 miles, With num erous branches. Its road, clearly shown Net receipts from interest, &c.
913,733
1,259,586
1,865,325
on the accompany ing m ap, is m ade up as follow s:
Miscellaneous........................
61,038
66,906
41,120
Road owned:
Miles. Branches................................... 819
Chicago to Cairo, 111.. Main >365
Total re ce ip ts.,.................... $6,196,511 $7,137,748 $8,194,493
Centralia, 111., to E ast stem.
Total owned Jan. 1, ’94..3,095 Interest on 111. Central bonds.. $1,459,925 $2,077,42 * $2,665,265
Dubuque, l a ............
1341
Leased.—Control owned.
Int. on Chic. St. L. A N. O. bonds. 1,196,845
1,217,840
1,217,840
Chicago St. L. & N. O. RR.
Dubuque & Sioux City and
Rental Dub. A Sioux City R R ..
776,413
732,914
867,148
Cairo, 111., to New Orleans. 547
branches................................ 600 Dividends on 111. Central stock 2,250,000
2,500,000
2,500,000
Mem., Ten., to Grenada,Miss. 100
Dividends on Leased Line stock
400,000
400,000
400,000
Yazoo & Mississippi Yal. RR.
Total oper. Jan . 1, ’94...3,695 Miscellaneous..............................
98,921
80,910
80^965
Memphis to N. O. and b rs .. 923
$14,407 Sur.$128,659 Sur, $463,275
H istory , L e a s e s , Ac.—Chartered in December, 1 8 5 0 , and organized Balance................................ Sur.
in March, 1 8 5 1 . The company pays to the State 7 per cent of gross
Y azoo A Mississippi Valley .—Results on 807 miles from July 1,
earnings yearly in lieu of taxes. The Chicago St. Louis & New Orleans 1893, to June 30,1894 (one year), w e re : Gross earnings, $3,338,860;
is leased for 4 0 0 years from Ju ly 1 ,1 8 8 2 , a t 4 per cent per anuum on net, $969,398; income from investm ents, $4,230; to tal net, $973,628;
its $10,000,000 stock all of which is deposited to secure the leased line deduct interest on bonds and notes ($694,995) and loss on sale of
slock. Dunleith A Dubuque Bridge stock, $ 1 ,0 0 0 ,0 0 0 , is owned.
securities, ($59,500), $754,495; surplus, $219,134.
In 1892 practically all the stock and bonds of the Louisv. New Orleans —(V.56, p. 103,127; V. 57, p. 298, 5 3 3 , 5 4 6 , 5 4 9 , 683, 763, 808,
& Texas (807 miles), were acquired for $5,000,000 in cash and 1040,1083; V. 58, p. 127, 716; V. 59, p. 290.)
$20,000,000 in 4 per cent bonds, and the company then merged in the
Indiana Decatur& "W
estern.—
Indianapolis, Ind., to Decatur,
Yazoo & Mississippi Valley, m aking 923 miles, as above, [n 1887 the •111., 152 miles.
Dlinois Central acquired th e stocks of the leased lines in Iowa. In
HiSTORV.--Organized by bondholders’ committee in 1894 to succeed
December, 1893, control of the C. O. & S. W. was acquired by Illinois
Indianapolis Springfield A Western, sold under foreclosure of old In­
Central and Louisv. & Nashv. under joint control. (V. 57, p. 1083.)
dianapolis Decatur A Springfield first mortgage of 1876. See S upple ­
C a p i t a l S t o c k .—The leased line stock is secured b y deposit of ment of July, 1894. H. W. Smith, President, 7 N assau Street, N. Y.
$10,000,000 Chicago St. Louis & New Orleans stock, and in case of
Leases
default for sixty days in the paym ent of any semi-annual dividend of 2 tion plan D ecatur A E astern included in mileage above. Reorganiza­
will be form ulated later. See V., 59, p. 234.
per cent the stockholder is entitled to his share of the stock pledged.
E arnings of Indianapolis D ecatur A W estern w e re :
D i v i d e n d s .— On common stock since 1884—In 1885,8; in 1886, 7 ^ :
\ 1893-94, gross, $387,870; net, $70,910
in 1887 and 1888, 7; in 1889, 5 ^ ; in 1890, 6; in 1891, 5; in 1892, 5; in JuFor1year from
ly to Ju n e 30. 5 1892-93, gross, 504,931; net, 147,216
1893, 5; in 1894, March, 2 ^ percent; Sept., 2 < per cent.
2
Indiana Illinois & Iowa.—
Owns from Streator Junction, 111.,
B o n d s .—Cairo bridgebonds are secured by deposit of a like am ount of
118 miles; trackage (Wabash Railway) into Streator, 1*70
Chicago St. Louis & New Orleans 1st m ortgage Cairo Bridge 5 per cents. to Knox, Ind.,W. M.) La Crosse, Ind., to New Buffalo, Mich., 38; (Chic.
miles; (Ch. A
The ren tal for the bridge is $180,000 in gold annually, of which $30,000 A E. 111.) Wheatfleld to La Crosse, Ind., 13: (Kan. A Sen. RR.) Kanka­
goes to a contingent and sinking fund till 1902, then $20,000 to regular kee to Seneca, 111., 38 miles; to tal of all, 209 miles.
sinking fund. See advertisem ent in C h r o n i c l e , May 7,1892.
Organization , E tc .—E xtension to South Bend, Ind., is all graded and
The collateral trust bonds of 1952 are secured by pledge w ith the U. S.
T rust Co. of New York of $16,350,000 5 p e r cent 1st m ortgage gold expected to be in operation by Nov. 1,1894.
Securities .—Stock, $3,597,800; par, $100. Car trusts Deo., 1893,
bonds of subsidiary railroads covering 850 miles. See list, V. 55, p. 550.
Of the $25,000,000 collateral trust bonds o f 1953 issued on pledge of were $107,513. The 1st and 2d incomes, as well as the 1st 4s, are sub­
th e Louisv. N. O. & Texas securities purchased in 1892, $5,000,000 were jec t to call a t pa r and interest after 30 days’ notice. The 5 per cents o f
held by 111. Cent, for Louisv. N. O. A Texas extensions, im provem ents, 1893 are secured by the jo in t mortgage of the p arent company and the
Ac., and of these bonds $3,466,000 were still in its treasu ry Dec. 15, Indiana company, and are a first iien on th e line from Knox to South.
1893. Trustee of deed, U. S. T rust Company. $318,000 L. N. O. A T. Bend, Ind., 35 miles, and a consolidated m ortgage on main line.
E arnings. - In year ending Ju n e 30,1893, gross $782,840; net, $164,
1st m ortgage and $162,000 land gran t income bonds were unexchanged
and outstanding June 30,1893. See advertisem ent C h r o n i c l e , June 614; interest, $50,300; rentals, etc., $15,600; car tru sts and extraor­
dinary im provem ents, $$61,396. In 1891-92 gross, $601,306. Balance
11,1892, and \ . 54, p. 964.
The Illinois Central collateral trust bonds of 1 Q , (United States Trust sheet, etc., in V. 55, p. 146. (V. 55, p. 146, 331; V. 56, p. 413.)
04
Co., Trustee.) were authorized to a total of $12,750,000 to acquire the
Indiana & Illinois Southern.—
Suitz City, Ind., to Effingham,
Chesapeake Ohio A Southwestern system. They are redeemable a t 111., 90 miles. Stock, $740,900. In year ending June 30,1893, gross,
th e company’s option on Ja n u a ry 1,1896. or on any coupon day there­ earnings were $98,764, against $91,202 in 1891-2; net, $9,036, against
after^ F irst issue was $5,000,000 secured by real estate and by sundry $18,431. Other liabilities, July, 1893, $67,746. In 1892-93 road was
securities of the Chesapeake A Ohio S. W. system, including th e follow­ purchased by the St. Louis Indianap. A 111. South’n and debt readjusted
ing of the Chf sapeake A Ohio S. W. itself: 2d mtge. 6s, $2,369,000 and
Indianapolis Union.—
Owns 3 miles of track w ith
$673,950 overdue coupons th ereo n ; equipm ent tru st bonds $470,000 dianapolis, Ind., and leases for 999 years the Belt RR. ofterm inals at In­
Indianapoli'j—
and $106,040 overdue coupons thereon; $3,511,600 preferred and which see—consisting of 14 miles of road eHclrcling the city,
$5,714,200 common stock and $1,783,000 floating debt. Of the rem ain­ etc. Formed in 1850 and furnishes term inal facilities to the several
der authorized, $6,250,000 can be issued hereafter only on deposit of a railroads entering Indianapolis. Stock—The Cleveland Cincinnati
like am ount of Chesapeake A Ohio Southwestern firsts, and $1,500,* 00 Chicago A St. Louis, the Pittsburg Cincinnati Chicago A St. Louis and
is reserved to take up additional Chesapeake Ohio A S. W. 2nds; Owens­ the Terre H aute A Indianapolis are virtual proprietors, they hav ing in
boro Falls of Rough A Green R. firsts, etc.
vested in it $851,172 to Jan . 1,1894. No stock outstanding. B onds
For the Chicago St. Louis A New Orleans thd lessee guarantees the —
Trustee of mortgage is the Fidelity Ins. T rust A Safe Deposit Co. of
principal and interest of all the outstanding bonds prior to the 5 per Philadelphia. Bonds for $35,000 have been canceled by sinking fund,
cen t bonds, and by an endorsement on the latter bonds guarantees the b u t he bonds are not subiect to call before m aturity. E arnings .—in
paym ent of the interest on the same until the principal is paid. Of year 1892-93 gross, $456,137; net, $151,396; charges, $92,613.




1892.
(»3,770,430
2,647,937

1875
1874
1875
1886
1886
1886
1877
1881
1888
1890
1892
1894
1877
1877
1877
1881
1889

$50
50
500
500
1,000
100
100
*200
*200
£200
1,000
1,000
*200
1,000
1,000
500 Ac.
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000

....

1854
1857
1865

■Se p t e m b e r , 1894.]




.RAILROAD

STOCKS

AND

BONDS.

65

6 6

INTESTORS’

SUPPLEMENT.

[V l L
o .
îx

Subscribers will confer a great favor by giving Immediate notice of any erro^discoYeredjintthese TablZT
RAILROADS
Biffi H U O
OH
INTEREST OR DIVIDENDS.
Bonus—Pri55i_
Miles D ate Size, or
Amount
Forexplanation of column headings, &c., see notes of
pal,When Due.
of
P ar
Outstanding R ate per When Where Payable, and bv Stocks—
on first page of tables.
Last
Road. Bonds Value.
Cent. Payable
Whom.
Indianapolis & Vincennes—1st M., guar. p.&i. (end.)c
2d M., guaranteed p. & i. Penn. RR. Co. (end.)_ c
_
International & Great Northern—1st m ort., gold_
_
Certificates of indebt. seo. by ls tm . coupons, gold.
Purchase money 2d mort. incomes, non-cum__
2d M. gold, int. 4^a p.c. till Sept.’97, then 5 p.o..c*
3d m. ($3,000,000) mcome till Sept. 1,1897, g. .c*
Colorado Bridge bonds, sinking lu n d ................. .
Iowa Gent.—Stock ($5,545,166is pref. 5 p.c. non-cu.)
1st M., for $7,650,000; $15,000 p er mile, gold, .o’'
1
Keithsburg Bridge 1st mortgage, gold, guar_ c*
_
Iron R a ilw a y s Stock.................................................
Jacksonville Louisv. < St. L.—Jack. S. E. isF m o rt"
6
J. L. & St. L. cons. M., gold, guar, p.&i., end...... o*
Jacksonv’e St.Aug,<eind.Riv.—J.8t.A.&Hal.n.latM..
St. Augustine & Halifax River 1st M. bonds.......
St. Johns & H alifax River 1st M. bonds...............
Jacksonville Tampa < Key West— Receiver’s certifs.
&
‘
1st, gold, redeemable a t 110..... ...........................o*
A tlantic Coast St. Johns & Indian R. 1st M.,gold c
Sanford & Lake Eustis 1st M. ($350,000), gold...
J. T. & K. W. consol, mortgage for $4,000,0000..
Collat. Trust loan on Pla. So. bonds, Series A.......
Do
do
do
stock, Series B.......
Equipm ent bonds, Series A and B .................
St.Johns& LakeEustis lstM.,gu.p.&i.byFla.So.Ev,
Jefferson—1st & 2d Ms,ext. in ’87&’89 (H’daleB r.)c
1st M. Carbondale to S. depot, gold, guar. p. & i . .c*
Joliet d Northern Indiana—1st M. gu. p. & i. M. C.e
Junction (Philadelphia)—1st m .,guar.p.& i.(ext’d).
2d mortgage, guaranteed prin. & in t......................
Kanawha < Mich,.—Stock, $10,000,000 authorized.
6
1st mortgage, $15,000 per mile,gold,guar. p.& i . c*

133
133
776
776
776
776
776

1867
1870
1879
1892
1879
1881
1892
1880

503

1888
1885

___
__

20

54

112
....
....
....

1880
1890
1888

$ 1,000
1,000

50Ó &c.
Various
500 &c.
500 &c.
500 &c.
1,000
100
1,000
1,000
100
1,000
1,000
1,000

....
....

1893
1301a 1884
37 1886
29 1886
200 1890
1888
....
1888
88-89
"48
8 1867
37 1889
45 1877
3-56 1882
3-56 1865
....

....

165

....

1890

ì.o o ò

1,000
1,000
1,000
1,000
1,000

500

1,000
1,000
1,000
1,000
1,000
100
1,000

i ii t ti a ii i ij i u ii » « v m c e n n e s . —ow ns irom Indianapolis, Ind., to
Vincennes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
—Connecting line for Penn. RR. to Vincennes. Stock,
Par, $50: of which Pennsylvania Company on Jan. 1
1894, owned $1.401,900. The Penn. RR. Co. guarantees by endorse­
m ent on each the principal and interest of the bonds.
E arnings .—In 1893 gross, $520,908; net, $102,977; interest, $203,1 1 8 ; rentals, etc., $3,563; deficit, $103,704, against $94,566 in 1892.
International& Great Northern.—
Owns Longview, Texas, to
Laredo, Texas, 496 m iles; and Palestine, Texas, to Houston, Texas, 150
m iles; branches—
Houston & Columbia, 50 miles; Phelps to H unts­
ville, 7 miles; Mineóla to Troupe, 44 miles; leases—Round Rock to
Georgetown, 10 m iles; Henderson to Overton, 16 m iles; Galveston
H oust. & Hend., Galveston to Houston, 50 m iles; total, 825 miles.
Organ izatio n —Reorganized without foreclosure in 1892 under plan
In V. 54, p. 203, 366. Road turned over to company lulv 11.1892. V.
55, P -100,177. In 1892 the M. K. & T. disposed of its interest in the
stock to Mr. Gould. (See V. 50, p. 313; V. 54, p. 366.)
Stock—Stock authorized is $25,000,000; outstanding, $9,755,000;
p a r, $100; controlled in interest of Missouri Pacific as stated above.
B onds.—In the reorganization the first 6s were unchanged. The
second mortgage interest was scaled to 4% per cent from Sept. 1,
1891, until and including Sept. 1, 1897; thereafter it will be 5 per
c e n t; but in case of default the ra te reverts to 6 per cent as formerly.
Second m ortgage bonds are reserved to take up the $85,000 old incomes.
The third mortgage 4 per cent bonds for $3,000,000, until after
Sept. 1,1897, draw interest only if earned, non-cumulative. See pro­
vision respecting paym ent of interest in V. 56, p. 82. There is also
outstanding fractional bond scrip (in March, 1894,) for $42,975. The
certificates o f indebtedness are secured by first m ortgage coupons held
in tru st and are payable p a rt yearly. See V. 54, p. 203, 366.
. The International & G reat N orthern guarantees $2,000,000 of Galves­
ton Houston & Henderson 1st mortgage 5 per cent bonds.
■ E arnings .—From Jan. 1 to Sept. 7, 1894 (8*4 months), gross earn­
,
ings were $1,934,110, against $2,569,250 in 1893. In calendar year
1893 gross on 825 miles, including Gal. H. & H., were $4,088,036: net.
$1,241,763. In 1892 gross, $4,195,833; net, $894,515. (V. 56, p. 82;
V. 57, p. 256, 298, 341, 375, 853; V. 58, p. 430, 512, 595, 773.)
Iron Railway.—
Owns road, Ironton, O to Centre, O 13 miles,
.,
.,
and branches 7 miles. Dividend in 1 8 9 1 ,IL 3per cent. No fund d debt.
BiUs payable June 30,1894, $47,000. In year end. lim e 30,1894, gross
$38,07 7, agst. $43,357 in ’92-3; net, $3,026, agst. $3,340; taxes, $37351.
Iowa Central.—
Operates from Peoria, 111., w esterly to Oskaloosa>
la-, thence northerly to Manly Junction, la., and branches, 498 miles.
nifi'W
e-ÍI/T /X
Í7 1
-»-•»
*
Owns—
Miles.
Leases—
'
Miles,
Iow a June.,111., to Miss. River. 89 Keithsburg Bridge over Miss.. 2^a
Miss. River to Oskaloosa, la .. 95 Trackage, Iowa Junction to
Oskaloosa to Manly Junction.. 154
Peoria......................................... 31^
Branches to Albia, etc............... 165
Total of a ll.............................. 509
Total ow ned.................. ......5 0 3
ut which uumaiiGU vmy 498
of wuwu operated only
Burl. Cedar R. & No. leases Manly June, to Northwood, 11 miles.
H istory. Reorganization (by plan in V. 44, p. 653) of the Central
Iow a sold, m foreclosure in 1887-88.
Capital Stock .—Common stock authorized, $11,000,000; preferred
authorized, $7,400,000. The preferred is entitled to 5 p e rc e n t (noneumulative), then common to 5, then both share p ro ra ta .
D ivid e n ds .—On preferred stock in 1892 paid 1 per cent.
B onds , E tc.—Trustee of first mortgage, Mercantile T rust Co. See
fooo ct V. 49, p. 582. In February, 1892, $400,000 five per cents of
1388 were issued for new equipm ent and improvements. On Ju ly 1,
1894, $244,940 bills payable were outstanding, agst. $470,635 in 1893.
E arnings . —1 m o n th .) 1894, gross, $127,047; net, $39,441.
Ju ly 1 to Ju ly 31, j 1893, gross, 131,378; net, 39,067.
,
R eport .—Fiscal year ends June 30; report for 1893-94 was
m Y-50, p. 513. Soft coal tonnage in year 1893-94,701,518 tons,being
54’3 per cent of the to ta l tonnage; inl892-93, 765,811 tons.
Tear ending June 30.
1892.
1893.
1894.
Av’ge miles of road operated.
498
498
498
Gross earnings........................ $1,888,260
$1,942,564
$1,811,567
Net earnings (overtaxes)_
_
475,491
509,036
552,367
P e r ct. ex. to e a rn in g s ..........
74-81
73-79
69-51
Total net rec’ts (inol. rentals)
489,759
523,317
566,792
Interest, rentals, &c...............
399,530
392,686
388,283
D ividends....................
(l p.c.) 55,364

Balance, surplus
$34.865
$130,631 ”
Of the surplus for 1894 $33,081 was applied to construction and the
balance crediteu to income account. No dividends wt-re paid. Presi
dent, Russell 8age. (V. 55, p. 420; V. 57, p. 592; V. 59, p. 513.)
<a e k n o n ville L o u is v il l e & St. L o u is .—Owns Jacksonville to
f
C entralia, 111., 112 miles. Form erly belonged to Chicago Peoria & St.
Louis S' stem, but in 1894 the bondholders declined to accept term s of
T
0? er ed by th a t company. See V. 58, p. 81,512. May 16,
1894 s. R. Wheeler was appointed receiver. V. 58, p. 815. Foreclosure
proceedings under Jacksonville S. E. 1st m ortgage of 1880 were




Dividend.

$1,700,000
1,401,000
7,954,000
498,969
85,500
6,968,500
2,652,000
206,000
13,760,323
6,327,370
591,000
600,000
300,000
1,380,000
1 ,000,000
360,000
390,000
49,300
1,566,000
360,000
290,000
1,784,000
J 3,673,000
30,500
285,500
300,000
2,800,000
800,000
425,000
300.000
9,000,000
2.469,000

7
F. & A N. Y , Farm. L. & Tr. Co
6
M. & N
do
do
!M. & N N.Y. , office, 195 B’w ay
6 S5 g* M. & N, !n . y ,., Central Trust Co
M. & S
do
do
4*2 to5 g M. & S,
do
do
4 g. M. & S,
See remarks,
7
M. & N, N.Y., office, 195 B’way,
See text,
N. Y. office, 11 Wall St,
5 g. J . '& D N. Y. , Mercantile Tr. Co,
J. & D, N. Y , Central Trust Co.
« 6 g- yearly.
See text,
Boston.
6
J. & J. July ’93, coup, last pd.
! g. J. & J. July , ’93, coup, last pd,
6
F. & A, N.Y. , Mercantile Tr. Co

Feb. 1, 1908
May 1 , i9oq
Nov. i, 1919
N ov.l,’94-j§7
Sept. 1, 1909»
Sept. 1, l909
Sept. 1, 1921
May; 1, 1920
Apr. 11,1892
June 1, 1938
June 1, 1925
July 10,1891
July 1, 1910
Jan. 1, 1940»
Aug. 1, 1918.

6 g. J. & J. Ja n .,’94, paid Mar., ’94, Jan. 1 , 1914
6 g. M. & 8. Sept.,’93, coup, last pd, Jan. 1, 190&;

M. & S. Sept.,’93, coup, last pd.
6 g" M. & S.
No coupons paid.
F. & A.
See text.
F. & A.
See text.
6
N.Y., Mercantile Tr Co.
6
M. & 's.
In default.
413 & 6 J. & J. Phila., Fidelity Tr. Co.
A. & O. N.Y., N.Y. L.E. & W.RR.
I e- J. & J. N. Y., Farm. L. & Tr. Co.
4% J . & J. Phila., 233 So. 4th St.
6
A. & O.
do
do

Sept. 1, 1916
1940
Aug. 1, 1898Aug. 1, 1898
$7,500 s.-an.
1916
Jan. 1, 1927Jan. 1, 1909
July 10,1907
July 1, 1907
Apr. 1, 1900

4 g. A. & O. N. Y., Central Tr. Co. Apr. 1, 1990
brought m August, 1894. V. 59, p. 331. On Sept. 12,1893, unpaid?
4 ^ a «q«C ’w 8
'
$238’23° ; claims of Chicago Peoria & St. Louis,
$552 926 ’ JrV 59 ap ll331 ) CC0Unt Adams Express Co.. $100,000; total,'.
'n
a

Jacksonville St. Augustine& Indian River.—
Owns from
JacksonviUe,
a., yia St. Augustine to West Palm Beach (on Lake
Worth), Fla 302 mUes; branche- to alatka, San Mateo and Toooi 19
miles; Atlantic & Western Blu Springs to New Smyrna, Fla., 28 miles
Extension ol 105 miles from Melbourne to Lake Worth was completed
m March, 1894. A consolidation in 1893. Henry M. Flagler, President
26 Broadway, New York, is said to own all the securities.
*
sonyHie Tampa & K e y West.-Lineof road Jacksonville, Fla., to Sanford, 125 m iles; E nterprise branch. 4 miles Deland ^branch, 6 m iles; A tlantic Coast St Johns & Indian River *
*
Enterprise to Titusville, 37 miles; Sanford & Lak*- Eustis Div.. Sanford
to Tavares, 29 m iles; total J.T . & K. W., 200 miles. Operates lines as
Florida South., Palatka, Fla., to Brooks ville, and branches
179 miles, naraow gauge; and Bartow to P unta Gorda, 80 miles. St.
Johns & Lake Eustis, Leesburg to Astor and Lane Park, 48 miles nar­
row gauge, was in Aug., 1893,placed in hands of C. P. Lovell as receiver.
R eceivership , E tc.—Opened March, 1886, and consolidated with
other companies. Receiver appointed Aug. 4,1892. Receivers are row
Jam es H. Durkee and R. B. Cable. See V. 55, p. 100,146 679- V 56
p. 623. The land grant was about 1,500,000 acres. Decree of sale forabout 40 miles of road and 361,000 acres of land, subject to all mort­
gage liens was rendered August 24,1894. I t is understood there is nointention to force an imm ediate sale.
R eceivers ’ C ertificates to the total am ount of $215.000 have been
authorized. On March 31,1894, only $49,300 had been issued.
Coupon P ayments .—The first mortgage Intel est due Ju ly 1,1893,
was Paid m January, 1894: January, 1894, interest was paid in March;
July, 1894, interest not paid.
Of the interest due Aug. 1,1893, on the collateral tru st loan (series
A and B), one-half was paid a t th a t date and the balance Jan. 29,1894the February and August, 1894, interest was not paid.
Stuck—Stock Ju ly 1, 1892, was $3,010,000, 01 which it is said
the Florida construction Co. owns $2,715,300.
B onds .—Certain consols bearing num bers higher than 2,216 are out­
standing as collateral.
January, 1889, control of the Florida Southern was purchased and
a collateral tru st loan Series A for $2,905,000 issued on its bonds and
Senes B for $900,000 on its stock.
E arnings .—Seven m onths,) 1894, gross, $510,473; net, $215,973.
Jan. 1 to Ju ly 31,
5 1893, gross, 524,473; net, 196,937.
R eceiver ’s R eport .—From April 11,1893 to March 31,1894 (11%
months), gross earnings, $766,328; net, $263,137; other receipts, col­
lections and credit balances, $130,217: to ta l receipts, $393,354.—Dw?bursements: extraordinary repairs, taxes, etc., $120,312; for account
of Mason Young, Receiver, $103,191; for 'account ol J. T & K. W. Rv...
$175,657; total, $415,976. In 1891-92 gross, $781,824; net, $341,709.
In 1890-91 the gross earnings on 200 miles were $705,267: net. $228.33 9 .- (Y. 57, p. 217,341; Y. 58, p. 127; V. 59, p. 2 7 , 423.)
Jefferson.—
Owns from Lanesboro, Pa., to Carbondale, Pa., 37
miles double tra c k ; branch, Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the New York Lake Erie & Western
for $140,000 per annum for main line and $14,940 for branch. Used by
Delaware & Hudson to reach Carbondale. Mortgage of 1889 is guar­
anteed principal and interest by lessee. Stock, $2,096,050; par, $50.
Joliet & Northern Indiana.—
Owns from Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as p a rt of the Michigan Central sys—
tern. Road opened in 1854 and leased to the Michigan Central. Stock
($300,000, p a r $100) carries dividends of 8 per cent per annum
Junction (Philadelphia).—
Owns from Belmont, Pa., to Gray’sFerry, Pa., about 4 miles. I t connects the Pennsylvania, the Philadel­
phia & Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into Philadelphia, which three companies jointly guaranteeprincipal and interest of bonds. Stock $250,000 (par $50), is all held by
these three cos., and pays dividends of from 20 to 50 per cent per annum'.
K a n a w h a &. M i c h ig a n .—(See Map Toledo < Ohio Central.)—Owns
£
Corning, O., to Gauley on the Ches. & Ohio, 173 miles, less 17 miles,.
Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where C. H. V.
& T. tracks are used. Also owns branch of 11 miles leased to Toledo &
Ohio Centr U and Col. Shawnee & Hocking Ry.
H istory , E tc .—Foreclosed March 4,1890, and reorganized. (Y. 50,.
pp. 451, 483.) In October, 1890, a large interest in the stock was
acquired by parties interested in the Toledo & Ohio Central, which
has guaranteed the bonds, principal and interest. (See V. 52, p. 165,
$178^509
351.) The first mortgage bonds m ay be increased to any amount at
$15,000 per mile of road actually constructed. In 1893 on the extension
of 31 miles to mouth of Gauley River, and for betterm ents, equipm ent,
etc., $1,000,000 bonds were issued. See balance sheet of April 30,1893.
with earnings, etc., in V. 57, p. 62.
L aTest E » rnings .—July 1 to M ay31,1894 (11 mos.), gross $336,981,
against $339,174 in 1893: net, $99,013, against $111,245. A nnual
Statem ent .—Fiscal year ends June 30. In year 1892-93 gross, $361,229; net, $102,602; interest, rentals, etc., $72,154; surplus for year,
$30,448. In 1892 gross $360,091; net, $95,831. (V. 57, p. 22, 62.)

S eptem ber , 1894.J




RAILROAD STOCKS

AND BONDS

« 8

INVESTORS’

SUPPLEMENT

rv o L . n x ,

Subscribers will confer a great favor by giving Immediate nottee of any error discovered in these Tables

RAILROADS.
INTEREST OR DIVIDENDS.
BonSs^pHntì.
Miles D ate Size, or
Amount R ate per When
Porexplanation of column headings, &c., see notes of
pal,When Due.
Of
Par
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv Stocks—L&st
Whom.
Dividend.
K ansas City < Atlantic—1st mortgage, gold..........
£
1893
6 « . J. & J. Bos on, 18 P.O. Square.
Kansas City Belt—1st ($534,000 gu. K.C.F.S.&M.).c
10 1886
1,000 $1,950,000
6
J. & J. Boston, Of., 50 State St.
Kansas City Clinton & Spring.—1st M., g., guar..c* 174 1885
''ï
1,000
3,192,000
5 g- A. & O. Boston, Merch. Nat. Bk. J ÿ 'ï , 1, 9 i 6
Oct.
1925
P leasant Hill & De Soto 1st m ortgage, gold........
1877
500
58,000
7 g. A. & O.
do
do
Oct., 1907
Kan. City Elevated.—IstM .preferencebds., gold.c*
15 1892
1,000
600,000
6 g• J . & J. N. Y., Manhat. Trust. July 1, 1922
F irst m ortgage common bonds, gold....................
15 1892
1,000
2,000,000
5 g. J. & J.
New York.
Kansas City Ft. Scott < Memphis—Stock.................... . . .
&
1, 1922
_
_
100
9,997,000 See text. F. & A. Boston, Of., 50 State St. July 16,1891
Peb.
Preferred stock contracts, 8 per cen t........ ........... ' _
_
100
2,750,000 See text. F. & A.
do
do
Feb. 15,1893
K. C. F. S. & G. 1st M., I’d. gr.,8. f., dr’n a t iio .c * 160 1879 100 &c
2,197,000
7
J. & D. Bost., Nat. Webster Bk. June 1, 1908
Mortgages, guaranteed (part drawn, a t 1*>5) .c* 202 ’80-’84 1,000
1,214,000
7
M. & S.
do
do
Sept. 1, 1910
Kansas & Missouri RR. 1st m ortgage. . . n* 1 26 1882
1,000
390,000
5
F. & A.
do
do
Aug. l, 1922
K. C. Ft. S. & G. Ten-year coupon notes . . . . . . . . . . . . 85A86 5,000&c
320,000
6
Various Boston, Of., 50 State St. Var. 1895-96
Consol, m ortgage ($25,000 per mile) not dr’n . .c* 671 1888
1,000 11,974,000
6
M. & N. Bost., Nat. Webster Bk. May 1, 1928
C urrent Riv. RR. 1st m ort., $20,000 p. m., guar.
81 1887
1,000
1,606,000
5
A. & O. Boston, Nat. Union Bk. Oct. 1 , 1927
Kan. C.& M. R’y &B’dge lstM .g.,s.f.,dr’n a t llO.c*
1889
1,000
3,000,000
5 g- A. & O. N. Y., Un. Tr. Co. & Bost. Oct. 1, 1929
K ansas Equip. Co. 1st M. guar., s. f., red. a t 110.
1889
1,000
761,000
5
J. & J. Bost., Nat.W ebster Bk. Jan. 1, 1905
K an. City < Indep. Rapid Tr.—l st M. $1,000,000.c
£
1889
1,000
475,000
5
M. & S.
See text.
Mch. 1, 1909
Kan. C. Memph. < Bir.—General m ort., $4,500,000
&
1894
See text. See text. M. & S.
1934
Income, non-cumulative, $7,000,000.....................
1894
See text.
5
Sept. 1
Birmingham equipm ent M.,g.,gu. (red. a t 110)..c*
1888
1,000
1,000,000
6 g• M. & S. Boston,OldCol’nvTr.Co Mch. 1 , i 90;
Memphis Equipm ent Co., guar., red. at 110.......c*
1890
1,000
189,000
6
F. & A.
Bòston Office.
Aug. 1 , 190J
K an. City Northwestern—Mortgage, gold. See tex t
1894
See text.
5
1933
Kansas City & Pacific—1st M., gold, int. gu. (end.) .& Ï25 1890
1,000
2,500,000
4 g. F. & A. N. Y.. Office, 45 Wall St. Aug. 1, log,
K an. O. Pitts. < Gulf.—1st m ort., gold, inc. 4 yrs.c* 137 1893
6
1,000
2,600,000
Incomes till 1897.
5 g- A. & O.
Apr. 1 , 192;
K.O. St. Jo.<i; Coun.Bl.—Con. M. (Nos. 1 to 500 pf.)e* 274 1877 100 &c. 5,000,000
7
J. & J. Boston, 2d N at’l Bank. Jan. 1 , 190'
1st Ms. Nod. and Tark. Yal. RRs. s. f. (dr.atlOO) .c*
61 1880
1,000
545,000
7
J. & D.
do
do
June 1, 192,
K an. City Suburban Belt—S tock................................
100
4.750,000 See text.
June 1, 189:
1 st mortgage, gold...................... ...............
”c
30 1890
1,000
1,000,000
6 g- J. & D. Phila., Union Trust Co. June 1, 192<
Consol. Terminal Ry. of K. C., 1st M., gold.....c* . . . . 1892
1,000
750,000
5 g- F. & A. Phila. of., 439 Chestnut Feb. 1, 192;
Union Ter. RR. C o.lst M. ($2,000,000) g. guar.c*
10 1893
1,000
1,000,000
&
do
do
Feb. 1, 192;
5 g- F. & A.
K ansas City & Indep. Air Line 1st M., gold, c&r 5^2 1892
1,000
300,000
S. Phil., Prov. Life & Trust Mch. 1, 192;
5 g- M.
2d m ortgage for $200,000....................................
5^2 1893
(?)
Kansas City « Atlantic RR.— icu
&
A
j.gitu
i/.a.u u H xo»o ox Stock , T r
iu
u
rn
G uaranty E tc .—The stock is
K ansas City Bridge & Terminal and Chicago K ansas City & Texas The Kansas a ffic ort Scott &,Memphis owns half $5,956,000; par. $loo
City F
the stock and ¿ves a
companies, which see in V. 55, p. 1034; V. 56, p. 246.
baffle guarantee of 10 per cent of gross earnings derived from business
Kansas City Relt.—
From Argentine to Talley of Blue River, 10 to and from this road, to be applied to interest.
nules. Mortgage is for $2,500,000. Stock authorized $2,500,000 (par
R
iza tio n
$ 100); outstanding $100,000 (par $100); owned one-half by Atchison [seeeo r g a np. 938], .—The reorganization plan presented in Dec. 1893
V. 57,
provides for the
of
Topeka & Santa Feand three-tenths by Kansas City F ort Scott & Mem­ March 1,1894, to bear interest a t 2 issue fir it$4,500,000 c.bonds dated
p.
year, 3 p. second year
phis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked and 4 p. c. thereafter, and for $7,000,000 c.
non-cumulative 5 p. c. incomes
uud used for a term inal road a t Kansas City. The m ortgage is for $2.- Holders of old firsts, coupon extension notes and overdue coupons to
500,000. In 1893 gross, $237,988; net, $139,964; interest, $117,191; receive 40 p. c. of face of such securities in new bonds a t par and so
balance, surplus, $22,773. In 1892 gross, $233,945; net, $132,184.
p. c. m incomes. The old stock is not disturbed.
..^ a*
Isa8 City Clinton & Springfield.— from Cedar JunoOwns
B onds .—Under the
are
general mortfraee
Kan., to Ash Grove, Mo., 164 miles, and branch, to Pleasant Hill, bonds and $6,340,640plan thereissued $3,170,320 issued. The equip­
incomes,
and to be
Alo., 10 miles; total, 174 miles, b u t only 163 miles operated.
m ent loans are both guaranteed by this Co., and are redeemable on
Stocks , E tc.—Built in interest of Kansas City F ort Scott & Memphis notice a t 110 and interest.
10 guarantees the bonds. Stock authorized, $2,500,000: par,
11
L atest E arnings .—From July 1 to Ju ly 31,1894 (1 month)§£2?; issued, $1,775,400, of which one-half is owned by the Kansas
City F ort Scott & Memphis RR.; due th a t Co. Ju ly 1,1892, $345,000.
£Sg
t t s
» fM r
From Jan. 1 to Aug. 31,1894 (8 months), gross earnings
72,895 def. 6,305
39,107
45^412
f l 9 0 ’2 7 ^ a^ m st $17°,259 in 1893. For half-year to Dec. 31,1891, 1893--............
A nnual R e p o r t .—In 1892-93 gross earnings were $1.168 948- -not
gross $170,908, against $173,974 in 1892; net, $70,807, against $55,916.
i?ong traffic guaranty,
under all charges, $253?-’
c
R eport .—F iscal year ends June 30. R eport (see K. C. F. foZ9’7r57’-i^?iU gross, $1,174,372;deficit$215,591; total net, adding
825. In 1891-92
net,
^ reP°ft) f< 1892-93 showed gross earnings, $351,560; net, traffic guar., $236,477. (V. 57, p. 298,938; V. 58, p. 716; V. 59, p. 291.)
F
“ terest, $163,060; deficit, $40,460. In 1891-92 gross
K a .n s a s C ity N o r t h w e s t e r n . —Road from Kansas CitytoBea3pdl7,549; deficit under operating expenses, $68,056. Y. 56, p. 246.
which Seneca
- KaiisasCity Elevated.—
i
K ansas City, Mo., to K ansas City, Kan., tnoe, Neb., 175 miles, of trackage, and to Axtell, 10 miles and Virginia
are
20 miles, Summerfleld to Vir15 miles. Organized m 1892, completed in 1893. Stock authorized t 9 Beatrice, 14 milesK ansas City & Beatrice, which was foreclosed in
ginia. are owned by
and outstanding, $ 2, 600,000.
May,’94. Branches, 17 miles. Total, 192 miles.
i orA Scott A Memphis.—
Owns m ain line from
A reorganization of the K. C. W yandotte & N. W., sold in foreclosure
K ansas City, Mo., to Memphis, Tenn., 485 miles, w ith branohes, 186 Jan. 5,1894. Kan. City & Beatrice bought by Mo. Pacific in Mav ’94
. ’
Junes; to tal owned, 671 miles. Current River RR., Willow Springs, Mo., a t auction.
uu.^jundm , 8i m.; total, 752 miles. Owns one-half capital stock of K. C.
B onds
(Mercantile T rust Co., N. Y,.
Clinton & Springfield and of K. C. Memphis & Birmingham RR. (see trustee) .—Mortgage for $3,500 000 bonds, $900,000 are “ preferred”
issued m July, 1894. Of the
those cos.; also 300 shares Kan. City Beit and $942,000 Current River.
series A, proceeds of which used to pay purchase price, etc. Bal­
n
131 April, 1888, by consolidation of the Kan. ance of issue for betterm nts. Road belongs to Mo. Pac. V. 59, p 152
'!/• at* Scott & Gulf and Kansas City Springfield & Memphis railroads.
7 n fr M 93 gross ear?™«8 of K - 0. W. & N. W. were $325,094; net',
D ividends .—On |y e a r , 1886, 1887, 1888, 1889, 1890, 1891, none $45,403; other income, $34,365; rentals, $25,907; taxesTinterest! etc ’
common since 85, ( p. c., 4,
4^ ,
2
3* ,
2
3,
3^ ,
2
1, since. on receiver s certificates, $42,218; rental, etc., of equipment, and other
year’ l 8,81’ 1882 to 1-890, 1891, 1892, 1893, none charges, $95,746; deficit for year, $84,103. (V. 59, p. 152.)
since 1880, * p. c., 8^ ,
2
8,
4,
8,
5 , since. „ Kansas C M Pittsburg & Gulf.— Map.)—Operates road
J y
(See
B onds.—Under the consolidated mortgage (trustee New England Trust from Kansas City, Mo., to Siloam Sprigs, Ark., 230 miles, of which 206
Company of Boston) sufficient bonds are reserved to provide for all miles, G rand View, Mo., to Siloam, Ark., owned and 24 leased.
prior bonds when due. The Fort Scott Southeastern & Memphis, Rich
H isto r y —Completed as now in December, 1893. Contract let for
B ill and Short Creek & Jophn roads have a sinking fund w ith which construction to F ort Smith. Texar kana & F o rt Smith from Tex­
w w i!
a t 110’T
or>if u ° t offered, are draw n a t 105 (of these arkana north to Wilton was purchased by parties interested in K. C. P
bonds $277,000 were on June 30,1893, held alive in the sinking fund). & G., and extended to L ittle River, Ark., to ta l length 44 miles;
The Current' River RR. bonds are guaranteed. SeeV. 44, p. 246. the line wifi be extended to Shreveport, La., etc. I t will form part of
illie Kansas City < Memphis Railway < Bridge bonds are guaranteed m am line to Gulf of Mexico. Congress has granted right of way in
&
&
9^ endorsement as to principal and interest and are subject to sinking Indian Territory. Stock authorized, $25,000 per mile; total authorized
ta n d drawings, $9,000 bonds yearly a t 110. See V. 54, p. 410,965. The was increased In April, 1894, from $3,500,000 to $10,000,000; outK.ansas Equipm ent bonds are guaranteed, and the issue is redeemable stan d in g m April, 1894, $3,425,000; p a r $100.
a? y tuue a t 110 and interest, and is entitled to an annual
B onds .—F irst mortgage gold bonds a t $25,000 per mile of main track
^
$ 12 ,000, for which the bonds m ay be purchased but
interest
A1?0 guarantees $534,000 Kansas City Belt and will be payable onlyApril, 1893, Mortgageon which for first four years
if earned.
covers equipment. Missouri
Springfield bonds—see those com­ Kansas & Texas Trust Co., of K ansas City, Mo., and the State Trust Co.,
panies. On Ju ly 1,1893, bills payable for $835,957 were outstanding. of N. Y., trustees. E arnings . —From Jan. 1 to Aug. 31,1894 (8 months).
L atest E a rnings .—From Ju ly 1 to Ju ly 31 (1 month) :
gross $229,024, against $94,274 in 1893. New&
York office,36 Wall
Street. (V. 56, p. 668; V. 57, p. 422,1039.)
io q T °
'
0roJ L e^ r is
Y A
earns- Int.,rent.,<ic. Balance.
$f£2,918
$102,530
$108,271 def. $5,741
— ..........
P a c if i c .—R oad .—Paola to Stevens, 130 miles.
¡1893..................
353,383
38,412
108.897 def 70 485
& Texas m ain line
J 803-94 including K. C. Clinton & S. and Current River roads, Forms p a rt of the Missouri Kansas for 999 years from to Kansas City,
been leased to th a t company
August 1,1890.
I ? I ™ % ? 90’01^ agam st $5,661,307 in 1892-93; net, $1,438,034, agst.
ja^ 8 m *®
res.t on t be 4 per cent bonds (see guaranty
$1,500,011; surplus over charges, $68,232 against $12,524.
6
Ya
p’
„
lf Prior to Aug. 1,1895, 30 per cent and thereafter
A nnual R eport .—Report for 1892-93 was in V. 57 , p. 851.
33 per cent of the gross earnings shall exceed the interest on the bonds,
Year end. June 30.
1890.
1891.
1892.
1893
taxes and corporate expenses, the am ount of such excess (all advances
Gross earnings.............$4,937,431 $4,703,142 $4,991,278 $ 5 ,ll l ,i 5 2 by Missouri K ansas & Texas having been settled) is to be paid to the
N et earnings............... $1,550,786 $1,313,924 $1,356,603 $1,308,217 Kansas City & Pacific See V. 51, p. 457. Stock is $2,500,000, of which
In te re st and m isceli.. 1,042,549 1,068,846 1,111,644 1,104,606 $1,725,000 is owned by M. K. & T, (V. 51, p. 457,494.)
Kansas OUy St. Joseph & C o u n c il Bluff's.(See map
Bal., inch other ine.. $569,161 $256,881
$244,959
$203,611 Chicago Burlington < Quincy.)—Owns from K ansas City to Council
6
Dividends paid...........
566,414 208,972
219,984
137)490
Bluffs, 197 miles, branches 58 m iles,proprietary lines (Nodawav Val­
ley and Tarkio Valiev railr< ads), 61 m iles; to ta l operated, 316
f^!.ai Qai ‘ÖÖ'
n
-4 • dot-$2,747 sur.$47,909 sur.$24,975 sur.$66,121 miies. The capital stock of $5,262,600 was purchased by the Chicago
%
ai<^
Current River RR. and the Kansas Burlington & Quincy in 1880, and the road is operated as p art of th at
fvS^ rß
mÄ ß
amounting to $72,829 and in 1892-93 system. Consols. Nos. 1 to 500, both inclusive, have a prior lien under
«50%o3,596. (V. 56, p. 246, 331; V. 57, p. 298, 8 5 1 ; V. 59, p. 228.)
the mortgage. In 1893 gross earnings were $2,019,008; net, $869,118;
Kansas City Independence Air Dine.— K. C. Sub . B el t . I P ^ e s t, rentais, &c., $412,466: dividend (8-65 p. c. Dec. 31, 1893),
&
Se e
$455,267; balance, surplus, $1,385. In 1892, net, $803,654.
^Independence Rapid Transit.—
K ansasC itj
Kansas City Suburban Belt.—
fSee Map.)—RoAD-Extends
SM o m T n n d A n’*M -;’i?
opened March, 1889. Capital Stock,
and Broadway around K
the East
thé°Kaù°qas>i?^(4P i i i i u 1894^ tM A C2ÎIlpailjr was Consolidated w ith from Second Streetvalley of the Blue and ansas City, via providing
h
T
Brush Creek,
55?
5- 5 r y Ä 16.? ali^,ay Co. Mortgage trustee, C entral T rust Co. Bottoms and the
term inal facilities for the railroads centering a t Kansas City, and
i l l 8? th€ ^iU s payable were $168,759. Earnings—In
furnishes quick tra n s it from the m anufacturing suburbs along the
1891 gross, $95,978; net, $41,740; interest on bonds, $23,125.
B1u 6 Valley. By connection w ith Union Term inal RR., now under con
B i ™ iMg h a r n .- O w n s from Memphif struction in K ansas City, Kansas, this road also reaches the West Bot<^a-’-,258 p iles, and branches to Aberdeen, Miss., and
viaducts, and here makes direct
Bessem er, Ala., 23 miles; total, 277 miles; completed in Ootober, Î887. toms by a system ofKansas City from northwest, w estconnection with
every road entering
and southwest-




RONDS
AND
STOCKS
RAILROAD
September 1864.j
,




70

d ît e s to es’

supplem ent.

[Vol. L)X.

Subscribers will confer a great favor by giving Immediate notice of any error discoveredTn these Table
RAILROADS.
IN I
INTEREST OR DIVIDENDS.
Bonds—PrincMiles Date Size, or
Amount Rate per
F o r explanation of column headings, &c., see notes of
of
P ar
pal,When Due.
When
on first page of tables.
Road. Bonds Value. Outstanding Cent.' Payable Where Payable, and bv Stocks—Last '
Whom.
Dividend.
Kansas City W atkins < Gulf—1st mort., gold ...c
6
Kearney < Black H ills— mortgage.......................
£
1st
Kentucky < Indiana Bridge—1st mortgage, gold..
£
■2d mortgage, gold...................................................
Term inal bonds, gold.................................
New Albany Belt & Term. RR. 1st" M. end." gold!
K entucky Midl’dr-l s t M., $25,000 p.m., red. atp ar.c’
Kentucky Union—1st mort. for $3,000,000, gold.c
2d mortgage, income, bonds for $1,300,000.......
K eokuk < Des Mo.—
6
Preferred stock, 8 per cent .
1 st mortgage, interest guar. C. R. I. & P ............. c
Keokuk < Western—Common stock........ . ................
&
Kinder hook < Hudson—1st m o rt, gold, $375,000.
&
K ings County Elevated—Stock.......................
1st mort., gold, series “A,” $550,000 per mil"e..c'
Funded coup, scrip of 1890....................................
Fulton jElev. 1st M. ,Ser. A,$550,000 p.m. ,g. ,guar.c:
Ki igston & Pembroke—1st M.,gold,(redem. a t 105)
K n xv. Cum. Gap < Louis—1st mortgage, gold_ o’
6
_
Receiver’s certificates (auth. $250,000).......
1 mortgage, gold................................................... o’
Knoxv. & Ohio—1st m ort., gold, guar, by rent. c*&r
L a t Erie Alliance< Souths—lstM .for$l,250,000.C*
6
I ic. bonds, non-cum., g. (red. after 1897 a t 106)c*
L a k t tr ie < Western—Com. stock, $20,000 per mile
6
P r i. stock, 6 per cent (not cum.) ($20,000 p. m).
1st >ortgage, ($10,000 per mile) gold.......... ...c*
2d u o rt, for $3,625,000 ($5,000 per mile) gold.c
L ake Roland Elevated (Balt.)—1st M. gold__ c*&r

100
66

1890
$ &£
1890 $1,000
1881
....
1889
....
1886
2 1890
40 1888
1,000
92 1888
1,000
92 1890
1,000
162
100
162 1878 100 &c.
148
100
17 1889
6
100
6 1885
1,000
6 1890
3% 1889
1,000
113 1882
1,000
70 1888
1,000
1894
70 1889
i,oöö
66 1885
1,000
36 1887
1,000
36 1887
1,000
725 ....
100
725 . . . .
100
725 1887
1,000
725 1891
1,000
....
1892 ' 1,000

O r g anization .—In 1892 consolidated with the Consol. Term inal Ry
Co., and in January, 1893, boughttheentire capital stock of the Kansas
•City & Independence Air Line Company. (V. 55, p. 995.) Capiial stock
i s $4,750,000, all of which has been issued.
Dividend of 2 per cent in stock was paid Nov. 1,1893, and 2 p. c. in
etock in May, 1894. Trustee of the Suburban Belt mortgage Is the Mis­
so u ri Kansas & Texas T rust Co., of Kansas City.
E arnings .—From Jan. 1 to Sept. 7, 1894 (8X months), gross $180,4
«821, agst. $168,079 in 1893. N. Y. office, 36 Wall St,—(V. 58, p. 1072.)
Kansas City Watkins & Gulf.—
Completed in 1892 from
¡Lake Charles, La., northerly to Alexandria, 100 miles. Bonds m ay be
increased to $20,000 per mile for future requirements. Mortgage tru s­
tee, Farm ers’ Loan & Trust Co. Stock authorized, $10,000,000—par
$100. Loans payable were Jan. 1,1893, $17,172. J. B. Watkins, Presi­
dent, No. 2 Wall Street, N. Y. (V. 56, p. 164.)
■Kansas City Wyandotte & Northwestern.— ansas C it y
Se e K

$1,400,000
5 g.
862,000
5
1,000,000
5 g.
600,000
5 g.
400,000
5 g.
300,000
6 I962,000
6 S
2,500,000
5 g.
800,000
1,524,600 See text.
2,750,000
5
4,000,000 2 per an.
As collateral
6 g3,250,000
3,377,000 5 g & 6
448,950
6
1,979,000
5 g.
572,000
6 8
1,650,000
5 g.
88,000
6
500,000
6 g.
2,000,000
6 g366,000
6 g.
1,669,000
6 g11,840,000
11,840,000 See text.
7,250,000
5 g.
1,800,000
5 g1,000,000
5 g.

J. & J.
M. & N.
M. & S
A. & O
J. & D
J. & D
F. & A
J. & J,
J. & J.
See tex t
A. & O.
A. & O,
J . & D.
J. & J.
April 1
M. & S.
J. & J.
J. & D.

July,’94,int. pd in scrip Jan. l, 1930
N. Y., Un. Tr. & Boston. May 1, 1920
Mar.,’94, pd. Sept.1,’94. Mar., 1911
Apr., ’93, coup, last pd. April, 1919
June,’93,coup, last paid Dec., 1916
June,’93,coup, last paid June 1, 1920
Aug. 1, 1918
Jan., ’9 i, coup.lastpaid July 1, 1928
July 5, 1920
N. Y., Office, i.3 Wm. St, May 1, 1893
do
do
Oct. 1, 1923
N. Y., Cuyler, Morgan Oct. 1, 1894
Dec. 1, 1909
N.Y., Mercantile Tr.Co. Jan. 1," "Ï925
New York.
Apr. 1, 1900
N. Y., Mercantile Tr. Co. Mch. 1, 1929
In default.
Jan. l, 1912
June ’92 coup, last paid June 1, 1928

A. & O.
Oct. Ï , "Í919
.J & J. N. Y., Chase Nat. Bank. J u if 1, 1925
J. & J. Last coup, paid in 1888, Jan. 1, 1917
Jan. 1 , 1917
Q.—F. N. Y. Office, 80 Br’dway Aug. Íá” l894
N. Y., Chase Nat. Bank. Jan. 1, 1937
do
do
July 1 , 1941
Balt. Tr.&Gu. Co., Balt. Sept. 1, 1942

B onds.—Interest on second mortgage bonds for three years ending
Oct. 1,1892, was funded into scrip.
8
A plan of readjustm ent proposed in -June, 1894, and given in V 5ft
p. 1034, was as follows :
,
’
$3,377,000 K. C 2d m ortgage 5s with one year’s interest added, to
receive new income non-cum. debenture 6s.
$448,950 funded coupon scrip of 1890
receive new 2d mortgage
a,i „„„ IJz. „
(cum ulât, income “ B ” 6s.
$1,000,000 of new 2d m ortgage cum ulative income “A” 6s to be issued
fr r floating debt and future needs.
I t is also proposed to consolidate the Fulton and Kings County com­
panies, bringing the Fulton road under the Kings County 2d m ortgage
Of the Kings County 1st m. $200,000 are 6s ; trustee is Mercantile
TrustCompany of New York. (See abstract of first mortgage in V. 49
p. 237.) The Fulton Elevated Railroad is leased for 99 years, and its
bonds guaranteed, principal and interest. Loans and bills payable were
$230,968 Ju n e 30, 1894 ; unpaid interest on seconds, $168,850.
H o r t h w estern.
, ^ o Iîi.AL R eport — Fiscal year ends Ju n e 30. Annual statem ent for
Kearney& Black Hills.—
Owns road from K earney to Callaway, 1893-94, w ith balance sheet, was in V. 59, p. 421, showing gross earn­
ings $742,230; net. $233,257; interest on bonds, $269,800; other
Neb.,66 m iles; opened in 1890. Belongs to Union Pacific system.
C a p it a l S tock is $1,577,280. Stock for $858,099 and 1st m ortgage interest, etc., $17,758; taxes. $47,920 ; deficit for year, $102,221. In
bonds for $369,325 were owned by Union Pacific on Jan. 1,1894. Nov., 1892-93, gross, $941,620; net, $377,797. Presid’t, Gen. Jam es Jourdan
1893, interest was paid Dec. 15. E arnings for 1893, gross, $104,387; —(V. 57, p. 5 1 0 , 104< ; V. 58, p. 430, 773, 774, 1034; V. 59, p. 421.)
net, $32,353; deficit under interest and sinking fund charges, $19,578.
Kingston & Pembroke.— S upplement of March, 1894.
See
I n 1892 net, $59,279.
s
’
Knoxville Cumberland Gap & Louisville.—
Knoxville
K e n t u c k y & I n d i a n a B r i d g e . —Owns steei cantilever bridge Tenu., with tunnel a t Cumberland Gap, to L. < N. a t Middles
fe
o v er the Ohio River a t Louisville and 5 miles of railroad between boro, 74 miles; branches, 7 miles
Default on 1st mortgage
Louisville, Ky., and New Albany, Ind., and 5 miles of belt line in coupons occurred December 1, 1892, and Clarence Cary was made
Louisville; also operates New Albany Belt & Term inal RR., 2 miles re ceiver. Receiver’s certificates for $88,000 issued in July, 1894
;and o wns Louis. & New Albany F erry Co. and N. Albany S treet Car Co. for building bridges. Mortgage trustee Central T rust Co. Stock paid
R e c e iv e r s h ip .—Defaulted on coupons Sept., 1893. See V. 57, p. 51«» m, $2,730,000; par, $100. Current liabilities Ju ly 1,1892. $508,377.
-596. John McLeod, F. W. Tracy and S. M. Felton are receivers. Reor­ E arnings.—In year 1892-93 gross, $157,840 ; deficit irom operating,
ganization, giving Balt. & Ohio RR. control, was said to be under way. $20,195, against net of $29,418 in 1891-92. (V. 55, p. 1078.»
-See V. 57, p. 722.
Knoxville & Ohio.—
Owns from Knoxville, Tenn., to Jellieo,
Se c u r it ie s .—Capital stock $1,700,000 (par $100). City of New Al" Tenn., and branch, 69 miles Leased Nov. 1,1888, to E a t Tenn. Va. &
Ga. for 99 ye «rs for net earnings, but interest oc bond g taranteed b?
4>any, Ind., guarantees $250,000 of 1st mortgage bonds.
rental. Lease assumed by Southern Ry. Co. and first mortgage 6s left
I n t e r e st P aym ents .—F irst m ortgage interest due Sept. 11, 1893»
w as paiu a t Louisville T rust Co. on Ju ly 1, 1894, and the March 11> undisturbed. Stock is $ l,lz 2 ,200. Southern Railway owns $767,000
Lake Erie Alliance4k Southern.—
Owns from Bergholz, O., to
1894, int. paid a t American Nat. Bank of Louisville, Ky., Sept. 1 ,1894In 1892 93 gross earnings were $215,343; net, $126,703; interest, Alliance, O., 36 miles. Major E. E. Scranton appointed receiver in
November, 1893. See V. 57, p. 938. This road will be sold in 1894.
$100,0< 0. In 1891-92 gross, $198,359. (See V. 57, p. 510, 596, 683,
722; V. 58, p. 682,773.)
E arnings , 7 m onths, ) 1894................g ro ss , $38,819 ; net, $4,911
Jan. 1 to Ju ly 31, 51893................... gross, 45,604; net, 7,181
Keutucky Midland.—
Owns road Frankfort, Ky., to Paris, Ky.,
40 miles; completed in 1890. Extensions projected. Stock authorized, In year 1893 gross, $77,792 ; net, $13,388. In 1892 gross, $83,659;
$1,250,000; issued, $910,000; par, $100. F irst mortgage is for $5,- net, $20,768. (V. 57, p. 938 ; V. 58, p. 716.)
•000,000, trustee, Central T rust Co. In \e a r 1892-93 gross, $67,614;
Lake Erie4k Western R a i l r o a d . —(See Map.)—Owns from San­
Met, $ 1 1 , 622. In 1891-92 gross, $63,383; net, $13,537.
dusky, O., to Peoria, 111., 420 miles, and branch to Minster, 10 miles,
K e n t u c k y U n i o n .—Owns from Lexington, Ky., to Jackson, Ky., Indianapolis to Michigan City, 162 miles ; F o rt Wayne to Connersville
a b o u t 92 miles.
and branch to Rush ville, 133 miles; total, 725 m
iles, which 691 steel.
of
March, 1894, road was bought for J . Kennedy Tod & Co. for $1,000,H istory , E tc.—Company formed in 1887 after foreclosure of the
000 under foreclosure of first mortgage. See V. 58, p. 474.
Stock, Lake Erie & Western B ail way. In March, 1887» purchased rndianapolis
■$5,000,000 (par, $100). There are about $49,000 car trusts. In year Peru & Chicago, 162 miles, and in June, 1890. acquired Fort Wayne
1892-93 gross, $226,847; net, $66,075, against a deficit of $2,258 in Cin. & Louisville. (See V. 50, p. 590.) . The term inals a t Indianapolis,
1891- 92. (V. 55, p. 146, 938, 1078 ; V. 57, p. 979; V. 58, p. 178, 474.) Peoria, Fort Wayne and New Castle are operated partly under lease.
1 K ,ei>llu.k * West M o in e s .—Owns from Keokuk, la., to Des Moines, The company lets about 88 miles of trackage and term inai rights, re­
la.., 162 pules. Leased for 45 years from October 1,1878, to the Chicago ceiving about $57,000 yearly.
Rook Island & Pacific Railroad, the lessee to pay 25 per cent of the
D iv id e n d s ) Year.. 1890. 1891. 1892. 1893.
1894.
gross earnings, but guarantees the interest (not the principal) on the
o n p re f.—JP erc t.
4
4
4%
5F .l^ .M ’y l^ .A g
bonds. The stock is $1,524,600 8 per cent preferred and $2,600,400
Bonds .—A bstract of first mortgage (Central Trust Company and A. L.
common (par of each $100), a m ajority of which is held by the lessee.
Mason, trustees), in V. 46, p. 45; of 2d mortgage (Cent. T rust Co. of N. Y.
Surplus for year 1891-92 was $21,221, against $8,525 in 1890-91.
T otal cash surplus to Sept. 30,1892, $36,619, from which paid divi­ and Robt. C. Bell of Ind., trustees), in V. 54, p. 444.
dends on preferred in May, 1893, of $2 40 p er share. Rental in year
L atest E arnings .—Jan u ary 1 to Ju ly 31 (7 months):
1892- 93 $158,721, against $146,025 in 1891-92.
7 months—
Gross.
Net. Fixed Charges. Bal.,Surp.
$715,816
$393,338
$322,478
iKeoknk & Western.—
Owns Alexandria, Mo., to Van Wert, la., 1894......................$1,779,098
1 8 9 3 .................... 2,084,040
837,976
376,8 70
461,106
143 m.; operates to Keokuk, 5 m. Organized in 1886 after foreclosure.
Annual R eport .—Fiscal year ends Dec. 31. A nnual meeting is held
M ortgage No t e .—A 6 per cent note for $200,000, secured by mort
gage, payable a t will, is outstanding. D iv id en d s —In 1888,1 per cent a t Peoria on first Wednesday in October. Annual report fo> 1893 was
in 1891, 2; in 1892, April, 1; Oct., 1; in 1893, April, 1 p. c.; Oct., 1 p. o.; in V. 58, p. 548. The traffic is well distributed, only 7 per cent being
from coal. Average ra te per ton per mile in 1893 was 0-704 cents.
1894, June, 1 p. c.; October, l p . c .
£
Year end. Dec. 31.
1890.
1891.
1892.
1893.
E arnings , 7 m onths,) 1894..................gross, $204,632 ; net, $60,295
lro88 earnings.......... $3,074,438
$3,273,355 $3,558,482 $3,512,620
Jan. 1 to Ju ly 31, 51893..................gross, 210,601; net, 62.545 f e t e arn in g s............ $1,275,656
$1,447,897 $1,620,359 $1,463,877
A nnual R e p o r t .—Report for 1893 was in V. 58, p. 902.: Gross, Ratio op.exp. to earn.
(58-51)
(55-77)
(54-46)
(5833)
$386,645; net, $128,247; interest, $12,053; taxes, $15.934; construc­ interest on bonds_
_
332,750
363,771
434.667
444,972
tion, etc., $6,632; dividends, $80,000; balance $13,628; balance Dec. Taxes and re n ta ls__
146,503
155,068
200,033
205,498
31, 1893, $55,143. In 1892, gross, $407,151; net, $135,373. F. T. Dividends....................(4) 473,600 (4)473,600 (5)592,000 (5)592,000
Hughes, President, Keokuk, Iowa. (V. 56, p. 4 6 2 ; V. 58, p. 902.)
Balance, surplus. $322,803 $455,479
$393,659
$221,407
Kings County Elevated.—
Owns double-track road through Ful­
to n Street, Brooklyn, to form er eity line, 6-14 m iles; leases Fulton B e tte rm e n ts........... . $223,256 $216,509
$119,219
$207,016
Elevated, form er city lim its to Montauk Ave., thence to new city line,
Calvin 8. Brice, N. Y., President.—(V. 54, p. 4 4 3 ,4 4 4 ,5 5 9 ; V. 56,
3-78 miles, of which Logan St. to term inus, 0-9 miles, completed in p. 3 3 0 , 6 6 6 ; V. 57, p. 556 ; V. 58, p. 344, 548.)
J u ly , 1894. Extension from Fulton St. and Franklin Ave. to connect
L a k e B < »land E le v a te d (of Baltimore, Md.)—Operates 9*2 miles
w ith Brook yn & Brighton Beach RR. is proposed.
do ible track, 1*2 miles single track road in Baltimore, p a rt of which is
Sto c k .—Under plan below mentioned company is to absorb the Ful- an elevated steel structu e, completed in summer of 1893. Earnings
to n Elevated company and K. C. stock to be increased from $3,250,000 from July 1 to Sept. 30,1893 (3 months), said to be $50,039. Stock,
t o $4,700,000 in exchange for like am ount of Fulton stock.
$1,000,000; par, $100. Mortgage trustee, Balt. T rust & G uarantee Co.




/

BONDS.
AN D
STOCKS
KAILKO AI)
1894 1
e

S

e p t b

m

b

-

MAP OF TH E




LAKE ERIE & WESTERN
RAILROAD

INVESTORS’

7 2

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Subscribers will cooler a great favor by giving Immediate notice of any error discovered In tbese Tables
RAILROADS.
Miles Date
Forexplanation of column headings, &c., see notes of
of
on first page of tables.
Road. Bonds
___
L ake Shore < Michigan Southern—Stock..................
&
Guar. 10 per cent stock (Mich. So. & No. Ind.) ...
Buffalo & Erie 1st m. (Buffalo,N.Y.,to Erie, Pa.) .c
88 1868
Lake Shore div. bonds (Buffalo to Toledo, O.)_ c 258 1869
_
Consol. 1st m ort.sink.fund $250,000 yearly.c&r 859 1870
Consol. 2d mort. (for $25,000,000), do.........c&r 859 1873
D etroit Monroe & Toledo 1st mortgage, guar..-c
62 1876
Kalamazo & White Pigeon 1st m ort., guar..........o
37 1890
B at. Cr. & Stur. 1st M., g., guar. p. & i. (see M.Cen.)
41 1889
Sturgis Goshen & St. L. 1st m ort., g., p. & i. guar.
29 1889
Kal. Allegan & Gr. Rapids stock, 6 p. c. guar.......
58 . . . .
1st mortgage, guaranteed........ ........................ .c
58 1888
Jam estow n & Prank. 1st M. (L.S. owns $251,000) .c
51 1863
E rie & Kalamazoo (leased) st’k, Toledo to Adrian
26 . . . .
L a ke Shore System—
Mahoning Coal RR.—Stock__
43 ___
Preferred stock, guaranteed 5 p. c. See te x t...
43
1st M., Youngs, to And., etc., guar. p.&i.(end).c
43 1884
L a k e St. (Chic.) Elevated—1st M. $6,500,000,gold. 7^2 1893
Leav. Top. < S. W.—1 st M., *2guar, by At. &^bylJn. P.
6
46 1882
Lehigh < Hudson River—1st M.,g.,int.red’c’dto5p.c.
6
41 1881
2d m ortgage...............................................................
63 1887
Warwick Valley 1st & 2d Ms. ($240,000 2ds,1912) Text. 79-’81
W awayanda RR. 1st m ortgage...............................
7 1880
Leh. & Hud. River Con.M.for $3,000,000,gold..o*
63 1890
Lehigh < Lackawanna—1st mort. ($100,000)........
&
25 1877
Lehigh Valley—Stock ($106,300 is 10 p. o. pref.)...
- . ..
1 st mortgage, coupon and registered.................... . i o i 1868
2d m ortgage............... .............................................. r 101 1870
Con. M., sterling, g.,s.f.2 p.c.y’rly, dr’n a t par.c&r 285 1873
y do
coup, and regis., $4,762,000 are 4 ^8 . c&r 285 1873
W do
annuity, $2,538,000 are 4 ^ s .................... 285 1873
Leh.Val. of N.Y., 1st M., gold, gu. p. & i.(end.)c*&r 283 1890
Leh. Va-l. Terminal 1st M. g., gu. p.&i., end..c*&r.
31 1891

INTEREST OR DIVIDENDS.
Bonds—PrinoT
Size, or
Amount
pal. When Due
P ar
When
Outstanding R ate per Payable Where Payable, and by /Stocks—
Last
Value.
Cent.
Whom.
Dividend.
$100 $49,466,500 See text. F. & A. N. Y., Grand Cent. Office.
100
533,500 lO p e ran F. & A.
do
do
500 &c. 2,755,000
7
A. & O.
1,000
1,355,000
7
A. & O.
1,000 15,140,000
7
See tex t
1,000 24,692,000
7
J. & D. C o u p o n s are paid
924,000
F. & A.
1,000
7
by Treasurer a t
1,000
400,000
G r a n d C e n tra l-!
5 g- J. & J.
1,000
79,000
Stat’n, New York,
3 g. J. & D.
322,000 ■ 3 g. J. & D.
'
and registered in- Dec. 1, 1Q89
100
610,000 6 per an. A. & O.
terest by Union
4,000
840,000
5
J. & J.
T rust Company.
Julv 1, 1938
1,000
298,000
J. & J.
7
1
300,000 10 p. an. F. & A. N. Y., Gr. Cent. Station.
5Ó
1,500,000 See text. F. & A. N. Y., Gr’d Cent. Stat’n. AuiL i . 1SQ
/I
50
661,850 5 per an. J. & J. N. Y., Union Trust Co. Julv 1, 1894
1,000
1,500,000
5
J. & J.
do
do
1,000
5,500,000
5 g. J. & J. N.Y.Farm’L.&T.& Chic. Julv 1, 1998
1,000
1,380,000
4 g- J. & J. July, ’93, coup, last pd. July 1, 1912
1,000
800,000
5
J. & J. N. Y., Nat. Exch. Bank. July 1, 1911
1.000
209,800
5
J. & J.
do
do
July lj 1917
50Ó &c.
385,000
6
A. & O.
do
do
1899 & 1911
65,000
6
J. & J.
do
do
Jan. 1, 1909
1,000
584,000
do
do
5 g. J. & J.
Julv lj 199,0
500
100,000
7
J. & D.
Philadelphia.
Dec. l ' 1907
50 40,441,310 See text. Q .-J . Phila., 228 So. Third St.
1,000
5,000,000
6
J. & D. Reg.atoffice; cp.Bk.N.A. June 1, 1898
1,000
6,000,000
M. & S. Phila. Of., 228 So. 3d St. Sept, lj 1910
7
1,000
1,329,000
6
J. & D.
do
do
Dec. 1, I 897
1,000 10,400,000 412 & 6 J. & D. Reg.at offlce;cp.Bk.N. A. Dec. lj 1923
1,000 11,000,000 4*2 & 6 J. & D. Phila.. Of.,228 So. 3d St. Irredeemable.
1,000 15,000,000
4*2g. J. & J. N. Y.,Merch.N. Bk.&Ph. July 1, 1940
1,000
10,000,000
do
do
5 g- A. & O.
Oct. 1, 1941

Lake ShoreSc Michigan Southern.— Map N. r. Central.)
(See
Stock , fully paid, $10,000,000; par, $100. B onds—Provision was
Op erates from Buffalo to Chicago w ith branches. The system, well made by the company for interest on the bonds during construction and
show n on the m ap ,is made up as below. The m ain lin e (540 miles) for the first two years thereafter. The bonds are not to exceed $850,includes 26 miles betweenToledo and Adrian, Mich., under lease from 000 per mile on extensions of road and equipment. Financial agent’s
th e E rie & Kalamazoo.
and trustees un ler the mortgage, American T rust & Savings Bank
Road owned directly.
Miles.
Leased, [ifsee this Go..']
Miles. Chicago; Farm ers’ Loan & T rust Co., co trustee, New York.
Buffalo, N. Y., to Chicago, H I..540 Kalamazoo A. & G. R ...................... 59 Leavenworth TopekaSc S. W.—
Owns from Leavenworth to
Sundry branches.................... ..319 Jam estow n & F ra n k lin .................. 51Meriden Junction, in Kansas, 47 miles. Union Pacific ceased operating
E ntire stock owned.
Mahoning Coal R R .................
50
road in March, 1894. C. L.
D etroit & Chicago..............
62 Erie & Kalamazoo (26 m .)_ Text. this of foreclosure filed in April.McLellan appointed receiver April 2(1
_
Bill
D etroit Monroe & Toledo........ 62 D etroit Hillsdale & S. W .. . f
65 owned $550,900 each by Un. Pac.V. 58, p. 716. Stock ($1,380,000) is
and Atch. Top.
Of the
Kalam azoo & White P igeon... 37 F ort Wayne & J a c k s o n _ Ü 98 bonds $690,000 are guar, by U. P., the balance by & Santa Fe. Coupons
_
Atchison.
N orthern Central Michigan_ 61
_
due Jan. 1, 1894, were not paid. Accounts payable were $1,046,350
Sturgis Goshen & St. Louis, &c. 45
Grand tot. oper. Jan. 1, 94.1,449 Jan. 1.1894. In 1893 gross $29,341; deficit from operating, $30,151,
Of th e m ain line 499 miles has double track. By control of “ Nickel against $30,735 in 1892; interest charges and taxes, $64,108; deficit
under charges in 1893, $94,259. (V. 58, p. 430, 512, 716.)
P la te ” the Lake Shore has still another line from Buffalo to Chicago.
O rganization , &c .—A consolidation on Aug. 16,1869. The N. Y. Ch. &
Lebanon Springs
Railway.—Chatham, N. Y„ to Bennington, Vt.,
8 t. Louis (Nickel Plate) road has been controlled by ownership of 57 miles. Successor to the Lebanon S pringsRailroad sold in foreclos­
stock since 1882, Lake Shore now owning $6,240,000 of its common, ure in May, 1893. Capital stock $1,427,500. In year 1892-93 gross,
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock. $64,652; deficit under oper. exp., $6,921, against $9,192 in 1891-92.
The company also controls and leases the Mahoning Coal RR. [see Lake
8 hore “ System ” below] and owns (b&sides the entire stock o f the pro­
Lehigh Sc Hudson River.—
Owns from Greyeourt, on Erie Road
p rie ta ry lines) $2,000,050 P ittsburg & Lake Erie stock.
to Belvidere, N. J., 63 miles. P roprietary line—Hudson Junction to
Maybrook, N.Y., on P. R. & N. E. (Pough. Bridge route) 11 miles; track­
Ca pit a l S tock .—The stock has rem ained a t $50,000,000 since
to Phillipsburg, 13
other mile­
1871. The guaranteed stock of $533,500 oarries 10 per cent dividends. age Pennsylvania RR., Belvidere miles. In August, miles ; the Central
age, 3 miles ; total operated, 90
1888,
of N. J. purchased about one-tbird the company’s stock, and this, with
D iv id e n d s .—O n) Y r...’84. ’85-6. ’87-8. ’89-90. ’91-2. ’93. ’94.
com. since ’8 3) P.c.. 7 None.
4
5
6*2
6 F.3,Ag.3 the stock held by the Lehigh Coal & Nav. Co., controls the road. Car
trusts, June 30,1894, $104,595; loans and bills payable, $397,946.
B onds .—Interest on the consol, first m ort. is paid on coupon bonds Stock, $1,340,000; par, $100. W arwick Valley 1st mort. covers 15
J . & J., on registered bonds Q.—J. The first consol, or the bonds prior miles of ro a d ; 2d m ort. covers 22 miles.
th e re to are redeemed each year by $250,000 contributed to the sinking
E arnings .—I n year ending June 30, 1894, gross, $480,856; net,
fund. The bonds outstanding are given above less the am ounts held in $133,128; other income, $16,801; interest, rentals and tax e s, $142,th e sinking funds, which amounted to $5,750,000 Jan . 1,1894.
271; balance, surplus, $7,658. In 1892-3, gross, $507,167; net $164,G u a r a n t ies .— In addition to securities in table above, company 606. Grinnell B urt, President, 80 Broadway, N. Y. City. (V. 55, p.
g u aran tees by endorsem ent on each bond $1,000,000 Cincinnati & 298, 5 4 3 , 935, 1 0 7 6 ; V. 56, p. 290, 836; V. 57, p. 510, 1082; V.
Springfield 1st 7s, described under Cl. Cin. Ch. & St. Louis. See also 58, p. 345, 864; V. 59, p. 291, 421.)
D e tro it Hilsdale & S. W. and F ort Wayne & Jackson.
Lehigh Sc Lackawanna.— Map Central RR. o f New Jersey.)
(See
G e n e r a l F inances , &c .—Vanderbilt road having a large business —Owns from Bethlehem, Pa., to Wind Gap, P a , 25 miles Operated by
greatly dependent on traffic from competitive points.
Central of N. J. under special contract. Stock $370,500; par, $50.
Nothing has been charged to construction or equipm ent account since Second mortgage for $500,000 is held by the Lehigh Coal & Nav. Co.
1883, the outlays therefor charged to operating eXpfenses amounting in and no bonds issued.
1893 to $2,164,619 for new equipm ent and $478,822 for construction,
Lehigh Valley.—
(¿feeMopj—M ainline, Jersey City,N. J., opposite
th ese item s being exclusive of expenditures for renewals. Profit and
N. Y. City, to Buffalo, N. Y., 448 m iles; branches to Audenried, Tomloss surplus Ja n . 1,1894, $12,019,106.
hioken, Hazleton, &c., 442 miles; Southern Central Railroad, 114 miles;
L atest E arnings .—F or 6 m onths ending June 30;
State Line & Sullivan Railroad, 24 miles. Total system 1,028 miles ;
6 mos.— Gross.
Net.
Int., rent., etc.
Div’nds. Bal., surp second track, 525 miles. Trackage: Penn. RR., 59 miles; N. Y. Central,
15
1 8 9 4 ..
..$9,396,327 $3,201,241 $1,680,000 (3) $1,483,995 $37,246 miles; Penn. Division of Pa. Poughkeepsie & Boston.
1 8 9 3 .. ..11.816.580 3,437,910
1,680,000
(3) 1,483,995 273,915
H is to r y , E tc .—Company opened a through line of its own from
A nnual R e p o r t .—Fiscal year ends December 31. A nnual m eeting New York to Buffalo Sept. 1,1892, and discontinued trackage of 188
is held the first W ednesday m May, a t Cleveland. The annual report miles over the Erie. L°ase to Philadelphia & Reading for 999 years
from December 1,1891, was term inated Aug. 8,1893.
fo r 1893 was published in V. 58, p. 754, 772.
Years—
1890.
1891.
1892.
1893.
Coal P r o p e r t y .—The Lehigh Valley RR. Co. owns 3,619 acres of
Miles o p e ra te d ...... 1,445
1,445
1,445
1,440
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
T o ta l gross earnings $20,865,760 $21,431,385 $22,415,382 $23,685,932 which in tu rn owns anthracite coal and surface lands as follows:
O per. exp. & taxes. 14,220,481 14,632,675 15,830,190 17,123,913
Total acres. Coal acres.
Est'd. yield
7,242
124,000,000
N et earn in g s....
$6,645,279 $6,798,710 $6,612,192 $6,562,019 Owned in fee...................................15,217
Perpetually leased......................
8,123
5,741
111,000,000
P .a o f op.ex.toear’gs
68-15
68-27
70-50
72-29
1,708
1,708
47,000,000
N et, incl. oth. inc’me
$7,144,037 $7,254,333 $7,095,433 $7,021,151 Term leases..............................
Controls through stock ow ned.. 9,229
4,519
50,666,666
R entals paid .............
$564,419
$557,153
603,546 $597,395
There are 46 collieries, w ith a daily capacity of about 30,000 tons.
In te re st on debt....... 3,225,723
3,204,370 3,201,710 3,173,762
The Coal Co. in 1893 sold 1,748,545 tons oi coal. V. 58, p. 383, 636.
D ivid’s on guar. s’k .
53,350
53,350
53,350
53,350
D iv id e n d s .—O n) Y r...’8 6 .’87. ’88-91.’92.
1893.
none
D ividends
......... (6)2,967,990 (6)2,967,990 (6)2,967,990 (6)2,967,990
com. since’85. 5 P. C. 4 4 ^
5
5*4 J . l ^ j A p . l ^ J l . l l i since.
Surplus over divs. $332,555
$471,450
$268,837
$228,654
B onds .—The consolidated mort. of 1873 (trustee, Fidelity Insurance,
—(V. 56, p. 375, 500, 7 3 3 , 7 5 1 , 923,1056; V. 57, p. 6 , 342, 894,1064' Trust & 8. D. Co. of Phil.) is for $40,000,000, of which $12,000,000 are
reserved to retire $11,000,660 prior liens when due. The bonds are
1083; V. 58, p. 384, 7 5 4 , 7 7 2 , 902,1073,1092; V. 59, p. 423.)
Issued in three series, of which the sterling issue, “class A ,” is subject to
Lake Shore System.—
Mahoning Coal RR.—
O wns from call a t p a r in increasing am ounts each year, $302,000 being the amount
Youngstow n to Andover, 0 ., and branch, 50 miles. Leased in per- payable in 1893. A second series is composed of the “ coupon and reg­
etu ity for 40 per cent of gross earnings to Lake Shore, which Ja n . 1, istered” bonds, which are not subject to call, but which prior to Nov.
894, owned $865,900 of its common and $399,500 of its preferred 13,1893, were convertible a t option of holders into bonds of the third
stock. The preferred stock certificates contain a clause m aking them series, these last being annuity bonds and irredeemable, never falling
redeem able a t p a r a t option of Company, but it is understood the due except in case of default. All these issues are equally secured.
option will not be exercised. Dividends paid on common stock:
G u a ra n ties .—Lehigh Valley Railway Co. o f New York.—Owns road
I n 1889 4*2 p. e.; in 1890,5; In 1891, 4 ^ ; in 1892, Feb. 5*a; Aug., 3; from Buffalo, N. Y., to near Sayre, Penn., 175 miles double track, and
In 1893, 8 p. c.; in 1894, Feb., 5 per cent; Aug., 3 per cent. Gross branches to Ithaca, Auburn, Cayuga, etc., 105 miles; total, 280 miles.
earnings in 1893 were $591,877, against $614,502 in 1892; rental, Stock all owned by Lehigh Val. RR. Trustee of mortgage, Girard Life
$245,134; surplus over interest and dividends, $15,228.
Insurance Co., P h ila .; abstract V. 51, p. 114, and V. 54, p. 203, 965.)
Lake Street (Chicago) Elevated.
—Owns in Chicago a double­
LehighValley Terminal R ailw a y—Owns double-track road from South
tra c k elevated railway, M arket St. from Madison St.to Lake St., thence Plainfield, N. J., to Jersey City, w ith about 125 acres at Jersey City and a
to the Western city lim its; also a single track loop from M arket St., large w ater front there and other p ro p e rty ; its stock of $ 10 , 000,000
through the business centre, making altogether 7*2 miles. Road turned is owned by the Lehigh Valley RR. (See V. 53, p. 640, 886.) Central
o v e r to the company by the contractor March 1,1894.
Trust Co. of Ne w York, trustee.

S




BONDS’
STOCKS AND
ÌIAILROAD
, 1894. j
m b e r

So




74

INVESTORS*

SUPPLEMENT

[V ol. LI2L.

Subscribers will confer a great favor toy giving Immediate notice of any error discovered In these Tables
RAILROADS.
INTEREST OR DIVIDENDS.
Bonds—PrtEëîI
Miles D ate Size, or
Amount Rate per When
P&Wheu Du®
of
of
Par
on first page of tables.
Last
Road. Bonds Value. Outstanding Cent Payable Where Payable, and bv Stocks—
Whom.
Dividend.
105 1866 $ 1,000 $3,000,000
7
J. & D Phila., Bk. N. America.
105 1888
1,000
7,000,000 4 & 5 A. & O Phila., Lehigh Val. RR. Ju n e ,’96& ’06
60 1880
1939
1,000
6,000,000
5
M. & N Phila., Of., 228 So. 3d St, May !» 1920
1,
Delano Land Co. bonds, gold, guar. p. &1. (end.).. . . . . 1892
1,000
1 ,200,000 . 5 g- J. &
do
do
Jan. 1 , 1932
___
100
1,025,000 4 per an F. &
do
do
Aug. 1, 1894
... .
100
1,175,000 10 p e ran F. &
do
do
Aug. 1, 1894
1893 1 ,000&c 3,400, <00
5 g- J. &
N, Y. and Philadelphia. Jan. l ( 1933
Snow Shoe, 1st mortgage, not guaranteed.......1
500
500,000
5
J. &
Jan. 1 , ig lò
Litchfield Carroll. & West.—Receiver’s certificates.
1894
75,000
1 st m ortgage ($10,000 per mile), gold...............c’
52 1886
1,000
516,000
6 g. J. & J July, ’93, coup.lastpaid
l, 19ib
Little Miami—St’k,com.,gu.8 p.c.,99yrs.,P.C.&St.L,
50
4,943,100 8 per an. Q.-M. Cinn.,Office, IstN at.B k. Jan. 10,1894
Sept.
2 1864-8 1,000
275,000
6
Various
do
do
Renew al m ortgage
.......... ..........................c
1898
84 1882
1,000
1,500,000
5
M. & N. N. Y., Bank of America, Nov. 2, 1912
B etterm ent bonds ($3,000,000) convertible........
84 1892
1,000
694,000
7
A. & O.
do
do
Apr. 1 , 1932
L ittle Hock < Memphis—F irst mortgage, gold........ c 133 1887
6
1,000
3,250,000 _ 5 g- M. & S.
See text.
L ittle Schuylkiltr-iitock.................................................
28 . . . .
50
2,487,850 7 per an. J. & J. Phila., Of., 410 W alnut Sept, l, 1937
Long Islands-Stock......................................................
....
50 12 ,000,000 3ee text. Q.—F. N. Y., Corbin Bank’g Co, J»ly 10,, 1894
Aug. 1 I 894
1st mort., main line, L. I. City to G reenport... .e*
94 1868
500
1 , 121,000
M. & N.
7
do
do
May 1 , 1898
2d m ortgage..........................
c* 158 1878 100 &c.
268,703
7
F. & A.
do
do
Aug. 1 , 1918
•Consol, mortgage, gold, $5,000,000....................... 180 1881
1,000
3,610,000
Q .-J .
do
do
July 1 , 1931
»General mortgage, gold..........................................c* 180 1888
1 g1,000
3,000,000
4 g. J. & D.
do
do
June 1, 1938
.Metropolitan Ferry Co. 1st M., gold,red. a t llO.c* ___ 1887 50Ó &c. 1,250,000
5 g. M. & N.
do
do
Nov. 1 , 1937
T j. I. RR. mort. on ferry for $2,750,000, gold...c* _
_ 1892
1,000
1,500,000
do
#sg* M. & S.
do
Mch. 1, 1922
M ortgage bonds of 1932 for $500,000, gold........
1892
1,000
325,000
J. & D.
do
do
June 1 , 1932
New York & Flushing 1st mortgage, assum ed__
2 1880
1,000
125,000
6 g" M. & S.
do
do
Mch. 1, 1920
Brooklyn & Montauk 1st M., $250,000 are 6s...c*
76 1881
1,000
1 ,000,000 5 & 6 g. M. & S.
do
do
Mch. 1 , I 9i i
2d M., g., assum., Bush. Sta. to Eastp. & b rs.c ’
76 1888
1,000
600,000
J. & D.
do
do
June 1 , 1938
Long Island City & Flushing 1st M,. assumed, .c* _
_ 1881
1,000
600,000
I 8' M. & N.
do
do
May 1 , 19H
Consol, mortgage gold, assum ed.......... ........... o* i .
1887
1,000
650,000
5 g- M. & N.
do
do
May 1 , 1937
New York & Rockaway 1st mort., int. only guar.. 3V 1871
500
250,000
7
A. & O.
do
do
Apr. 1 , 1901
Smithtown & P ort Jeff 1st M., guar. p. & i . (end.) 1 19 5 1871
500
75,000
7
M. & S.
do
do
Sept. 1 , 1901
L.I.RR. North Sh.Br.consol.M.$l,500,000,guar.e* 5
1892
1,000
1,075,000
l
5
do
Q .-J .
do
Oct. 1 , 1932
N. Yj Bay Ext. RR. 1st M. gold, gu. p. & i., end..c
6 1893
1.000
200,000
5
J. & J.
do
do
Jan. 1 , 1943
Morris Canal. — Leased for 999 years and dividends guaranteed. miles. Total of all, 362 miles, of which 92 miles has second track
Bonds all owned by Lehigh Valley. Water-shed supplies city of Newark Also operates N. Y. & Rockaway Beach RR., 12 m .,earns. kept separate
w ith water. See V. 50, p. 137.
The N. Y. Bay Extension RR. was completed from Hempstead to Valiev
Pennsylvania & New York Canal & Railway.—Leased for 99 years Stream, 6 miles, in July, 1893. Line from Valley Stream easterly to
*
from December 1,1888, to Lehigh Valley, which has assumed its debt afford access for freight to Bay Ridge proposed.
•and owns all its stock. General mortgage bonds of 1889 (trustee, Girard
O rganization , Sto c k , E tc .—Control was acquired in December
Life Insurance Co.) are reserved to take up prior bonds when due.
by the “ Long Island Company,” controlled by Austin Corbin
Lehigh Valley Goal Co.—See ‘‘C oalP ro p erty ” above.
and others. In July, 1881, the stock was increased from $3,260.700 to
$10,000,000, and in 1889 to $12,000,000 to purchase Brooklyn & Mont’k
F loating D e b t .—Company reported floating debt Nov. 30,1893, to
A controlling interest in the stock of the Pros. Park & Conev Island'
be $3,870,000, secured by L. V. Coal Co. bonds.
~~
-- - - - “ “,uu
—whi c hseé—
1
a ---- - G en e r a l F inances .—In 1894 the Lehigh V^Uey owned $8,600,000 1893,the
-Rbliigh Valley Coal Company bonds, the balance having been sold. the Stew art
_ JM H M I _
Dividends had been paid regularly for 35 .years, when in 1893 the Oc­ organized, w ith capital of ,$500,000, to fenilelto Cull'oden Point, 25mfl«L
tober dividend was omitted. I t was thought.tfle suspensiQn of dividends
D iv id e n d s .—In
. 1890, both inclusive, at the
•would be tem porary. In Jan., 1894, $1,750,000 received from its int
i n N ewark W ater Co. was to be applied to the float, debt. V. 58, p; 223] ra te of 4 per cent per aphum ^tìi I$ 9 1 , 4V ; in 1892,5 ; in 1893 5 n c •
m 1894, Feb., IV p5fl^W^-^rtdÌifid--.l!èdaoèd-- to 1 p. c. on account of
A nnual R eport .—The fiscal year ends Noyem ber 30. The report for general depression,in bu'SnjLefeh&d extraordinary expenses; Aug.,1 p.c.
1892-93 w as in the Chronicle , V. 58, p. 80.
B onds . —G entry T^ust Có3s--|rustè6'of </e>i-em( mortgage ot 1888
Tear ending Nov. 30
1891.
1892.
*;
1893.
The ferry
all the real and personal
. $8,679,884
' $9,225,027
ferries (34th Street and James
5,944,820
6,009,420 Slip); $l,250,0p0 bbnd|bhm !p#sSive.d to retire the Metropolitan Perm
<
D
rö ,
¿Passengers............. ............ . 2,149,298
2,606,026 mortgage. Tffist-ec. Cimtrat ^ ist'C S . Sec V. 54, p. 597.
O* .
M ail, express, etc...............
554,307
•••770,:304 *The m ortgage 4 p e r
892 a re secured by purchase money lien.
rri C
3
G u ra n t
guarant eed' ' bonds in table above the
$17,328,309
$18,610,777 LongaIslandies .—
guarantees bonds p f'th e follia win* companies—which see
13,075,909
12,705,360 New York Brooklyn &• M anhattan Beach, New York & Roekawav
®0
0
26
$4,252,400
$5,905,417 Beach and Prospect Park & Coney Island.
The L. I. RR. North
are an absolute
incom e from invest, etc_
_ 1,581,951
363,233 first mortgage (exoept Shore Branch Company’s bondsJefferson bouds
s i
for $75,000 Sm ithtown & P o rt
not yet exchanged) upon th e roaiTfrom Northport Junction to Port
<r
P>
$5,834,351
$6,268,650 Jefferson, 19 miles, and on the easterly extension of 12 miles, which
o*
o2
2,817,240
4,179,860 is to be built with bonds held in reserve. The bonds are uncondition­
5 *2
723,510
522,377 ally guaranteed
to principal and interest,
are so
o
2,070,370
1,016,343 Mortgage trustee as Central T rust Company. V. and p. 322. endorsed
A
is
55,
The New York Bay Extension RR. bonds (Central T rust Co., trustee)
WUUWUVVJ
.....
$266,231
m G jV ( V
UV /
$550,070 will
about
road
—IV. 56, p. 1 25, 288, 373, 413, 463, 753; V. 57, p. 145, 255, 510, 548, to Mbe a first mortgage on 6 miles 17 miles of to tal from Garden City
anhattan Beach RR.;
now built;
authorized, $600■€38, 853, 854, 893, 979; V. 58, p. 80, 1 2 5 ,1 2 7 , 223, 306.)
000. Capital stock, $600,000. See V. 57, p. 723.
Litchfield Carrollton Western,—
&
Owns from B arnett to Co­
G e n e r a l F inances .—Loans and bills payable Mar. 31,1894, $1,275 lum biana, 111,, 52 miles. This road, form eily operated by the C. P. & 8t. 000. On Dec. 31,1893, m ortgages on real estate, $286,238 ; equipment
L., was returned to its owners in Nov., 1893. In May, 1894, C. H. Bos- tru st, $150,473 ; the funded debt in year 1892-93 increased $520,000.
w orth was api ointed receiver. Bondholders’ Committee—Louis Fitz New York Bay E xtension Railroad bonds for $200,000 were issued in
gerald, Henry W. Putnam, Jr., Daniel B. Hatch, William D. Guthrie; October, 1893. Renewals of rails are being made w ith 76 to 80-pound
depositaries—Mercantile T rust Co., N. Y., and Fidelity Ins. Tr. & S. D. steel rails.
Go., Philadelphia. ’Stock, $600,000. Consol, mort. for $15,000 per mile
L atest E arnings .—Ju ly 1 to Mar. 31 (9 months) earnings were:
w as authorized in April, 1893.
9 mos.
dross.
Net.
Other ine. Int.,rent.,taxes. Bal.surp.
Receiver’s certificates for $75,000 were authorized Sept. 7,1894, for 1893-94...$3,055,933
$987,262
$64,053
$756,176
$295,139
ffaxes, claims and improvements. (V. 56, p. 668; V. 59, p. 473.)
1892-93... 3,172,410 1,021,564
104,232
716,308
409,488
Little Miami.—
Owns from Cincinnati, O., to Springfield, O., 84
A nnual R e p o r t .—Fiscal year ends June 30. Annual meeting is held
m iles; branch, Xenia, O., to Dayton, O., 16 m iles; leases, Columbus & the second Tuesday in April. Report for 1892-93 was in V. 57, p. 594.
X enia RR., Xenia, O., to Columbus, Ohio, 55 m iles; Dayton & Western See also article p. 807. In year
the gross $2,455,921
RR., Dayton, O., to Indiana State Line, 38 m iles; Ohio State Line to from passengers; $1,369,863 from1892-93 ofbalance, mail, express, was
freight;
&c.
Richm ond,Ind.,4 m.; Cin. St. Connecting RR., 2 m.; tot. operated, 199 m.
Year ending June 3 0 1891.
1892.
1893.
L ea se .—On Dec. 1, 1869, leased to P ittsburg Cincinnati & St. Louis, Gross earnings........ ..........................$4,061,899 $4,171,524 $4,300,336
<now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years, Operating expenses......................... 2,529,239 2,734,416 2,833,892
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental is 8 per cent on $4,943,100
Net earnings................................ $1,532,660 $1,437,108 $1,466,444
sto c k and interest on debt. There is $100,000 6 per cent perm anent Total net, including other incom e.$1,593,257
1,518,246 1,59-1,189
capitalized d e b t; interest J. & J. Lessee’s report for this road shows In terest on bonds.. . . . . . . ......
528,043
556,705
576,859
met loss to lessee: In 1887, $298,405; in 1888, $421,355; m 1889,
131,276
130,878
155,563
s$385,873; in 1890, $384,451; in 1891, $452,748; in 1892, $230,636; in T axes.............................................
R entals............................................
175,582
211,633
178,603
11893, $204,871. Stock authorized, $8,000,000.
In terest and discount........................
25,191
28,874
29,839
B onds.—In January, 1890, stockholders authorized $3,000,000 7 per Dividends.......................................... (4) 480,000 (5) 600,000 (5) 6001000
«cent bonds (to be issued to the lessee from tim e to tim e m paym ent for
betterm ents), and also $3,000,000 stock, into which the bonds shall be
Balance, surplus......................... $253,165
$23,186
$19,295
convertible. E arly in 1894 $694,000 of these bonds were issued. Ju ly —(V. 55, p. 22,146, 322, 5 0 2 , 857,1036; V. 56, p. 42, 164, 247, 608,
II, 1894, $250,000 firsts falling due were paid.
625, 973 ; V. 57, p. 510, 5 9 4 , 8 0 7 , 936; V. 58, p. 307, 682, 816.)
Little Rock& Memphis.—
Owns from Little Rook, Ark., to Missis­
Los Angeles Terminal.— 51 miles of road connecting Los
Owns
sip p i River, opposite Memphis, 133 miles. Of the coupons due Sept 1, Angeles, Cal., w ith Pasadena, E ast San Pedro, Verdugo and Altadena;
1892, p a rt only were paid. (See V. 56, p. 463.) In June, 1893, Rudolf standard gauge. Completed as now in 1891-92. Stock authorized, out­
F ink was appointed receiver.
standing, $3,000,000 ; par, $100. Mortgage Is for $1,500,000 on 45
R eorganization .—Bondholders’ committee consists of F. P. miles and $ 20,000 per mile for additional road ; it covers 60 acres of
«Olcott, Chairman, 52 Wall Street, N. Y.; Augustus D. Juilliard, Jam es term inal lands in heart of Los Angeles and 40 acres of w ater front and
H. Smith, H enry De Coppet and Henry K. Sheldon. Bonds to be de­ term inals—a t San Pedro, the seaport of Southern California. In Jan.,
’94, the bonds were held by the trustee. Trustee, St. Louis Trust Co.
posited w ith Central Trust Co., N. Y. V. 58, p. 636.
STOCK, $3,250,000; par, $100. In 1892 gross earns., $519,230; net. For 6 months ending June 30,1893, gross on 67 miles was $86,127;
$47,181. In 1891 gross, $709,083; net, $186,345.—fV. 58, p. 550, 636.) net, $2,297. President, Geo. B. Leighton, St. Louis.
Louisiana Western.—
(See
Little Schuylkill.—
Owns from P o rt Clinton to Tam anend, 28 Lafayette, La., to Orange, Texas,Map o f Southern Pacific.)—Owns from
112 miles. Operated under lease by
miles. Leased Ju ly 7,1868, to Philadelphia & Reading for 93 years.
the Southern Pacific Co., which owns all but $50,000 of the $3,360,000
Long Island.—
Owns from Long Island City, N. Y., to Greenport, stock. The lessee pays all charges and tu rn s over to this company 7
N. Y., 95 miles; Long Island City to Great Neck, 14 m iles; Bush- per cent of the to tal ne t profits under the omnibus lease.
wick to Sag Harbor, 97 m iles; branches, 98 m iles; total owned, 304
E a rnings .—7 m onths, >1894. gross, $515,844 ; net, $221,663.
miles. Operates North Shore Branch road (formerly Smithtown &
Jan. 1 to July 31, M51893, gross, 649,283;■net, 296,983.
I „
.
W
—
I
■■ ■■
P o rt Jefferson RR.), 19 miles; leases New York---------------- InRR., 3 V
& Rockaway 1893 gross, $1,106,144; net, $529,708 ; surplus over charges,
.
mules; Brooklyn & Jam aica RR., 10 m iles; New York Brooklyn & $387,389; am ount of net profit due this company, as per lease, $185.299.
M anhattan Beach Railway and branches, 20 m iles; to tal leased, 52 I In 1892 gross, $1,098,470; net, $549,073.




S e p t e m b e r , 1894*1




RAILROAD

STOCKS

AND

BONDS.

7S

76

INVESTOKS’

SUPPLEMENT.

r v o u ,< l x .

subscribers will confer a great favor by giving Immediate notice of anÿerror discovered i„
RAILROADS.
" ' '
*
------- ------------------------------------------- — -----* « » ie s .
INTEREST OR DIVIDENDS.
Miles D ate
Rowas—
Princi­
Wot explanation of column headings, «fee., see notes of
of
Due
Where Payable, and bv pal, WhenLast
on first page of tables.
Road. Bonds
Stocks—
Whom.
y
Dividend.
Louisiana Western—1st mortgage, gold
c’ 112 1881 $1,000
N.Y., 8. Pac. Co., 23 B’rd July 1 , 1921
Louisv. Evansv. < St. L. Consol.—1st mort.E.R!&E
6
72
1,000
,1 st mortgage, gold.......................... ,...................... c. 182 1881
July,’94, pd. Aug. 30 ,’94
1,
1886
1,000
N. Y., N. Y. S. & Tr. Co June J , 1921.
2d
v®^ing power, gold, unassented.c1 182 1886
1,000
got1926
do
do
H unt. Tell. City < C. RR. 1st mort. gold, guar.e’
fe
24 1887
get. 1, 1936
1,000
Illinois < St. Louis 1st m ortgage
fe
a
■ do
do
20 1875
Out. 1 , 1927
500
Dec., ’93, coup, last pd June 1 , I 895
Yen.&Car. 1st Ms., due Dec.,1900 &Apr! i ',1902. &
7 1880-2 1,000
Li. E .
st. Li. consol, m ort., gold ($8,000,000). c 353 1889
1,000
1900-1902
July, ’93, coup, last pd July 1 , 1939
General mortgage for $15,000,000, gold.
c’ 353 1893
1,000
Louisville < Nashville—Stock..
6
Sept., ’93, coup, last pd Mar. 1 , 1943,
100
N. Y., 120 Broadway.
Consol. 1st mortgage (now 1st i i e n j '. '. '. '. ’.'.'.‘.'c; 419 1868
See text.
1,000
do
do
Memphis & Ohio 1st M., Paris to Mem., g.,guar c- 130 1871
Apr.
1898
$ &£
London and New York June 1, 1901
Mem. Clarks. &L. 1st M.,£, Ghthrie to ParisTTenmc'
83 1872
1,
£200
do
do
Br.lstM.,CecU. to Louis.,s.f.,dr’n a t 100.c*
46 1877 $ 1,000
Aug- 1, 1902
N. Y., 120 Broadway. Men. 1 , 1907
E.H.&N.lstM .,Henderson toNash.,g,dr’n a t IlO.c* 151 1879
1,000
do
do
^ « ^ • ^ . i ^ ^ e n e r a l M., gold, drawn a t 110.0* 802 1880
Dee. 1 , 191 ®
.
1,000
do
do
r ^ O ^ s t m e n t Mort., gold (red. aft. 1894).c* 785 1884
June 1 , 1930
1,000
do
do
^ ®
(notdr’n) Louis, to Newp’t.c* 175 1867
Nov. 1 , 1924»
1,000
do
do
r
suiting fund, not d ra w n ...........e* 175
Jan. 1 , 1897
fee
do
do
L. & Nash.bds., S.&N. Ala.RR., 2d m. as coi.goid.c* 189 1877 100 « .
Oct. 1 , 1907
1880
1,000
do
do
Pensacola Division 1st m., gold (dr’n a t 105). .o
Apr. 1, 1910
45 1880
1,000
do
do
Moh. 1 , 1920«
N o9 \ t ^T0bA ^ lv; ^ 8t M *N.O.to Mobile, gold.c
141 1880
1,000
do
2d M., N. O. to Mobile, gold..
o’ 141 1880
do
Jan. 1 , 19301,000
do
do
Southeast & St. L. Div. 1st Mort., g o l d .! " " " ! #
Jan. 1 , 1930
208 1881
1,000
do
do
2d M. , gold, E ast St. L. to Evansville & br. c’ 208 1881
Mch. 1, 1921
1,000
do
General mortgage L. C. & L., gold
o’ 175 1881
do
Meh, 1 , 198©
1,000
do
1st M. (50-year 5s), $15,000 p. m., gold...........& 118 1887
do
Nov. 1 , 1931
1,000
do
do
1st mortgage, collat. tru st ($7,000,000), gold V
May 1 , 1937
1,000
do
do
Unified m ortgage for $75,000,000, gold!...c*&r Text. 1888
Nov. 1 , 1931
1890
do
do
Pens. &At. 1st M.. gold, s.f.jttr’n a t 110 assum ed. c* 160 1881 l.OOO&o
July 1 , 1940
1,000
do
K entucky Central—Coving. & Lexing. m o rt, ext
do
Aug. 1, 1921
80 1855
1,000
do
do
Maysville < Lex. RR. m ort., Mavsy. to Paris
fe
June 1 , 1895
49 1876
1,000
do
New mortgage ($7,000,000) gold................... ‘¿* 220 1887
do
Jan. 1 , i9oe
1,000
do
July 1, 198 T
Doulsville Evansville & St. Louis Consolidated — nerntes
O
Evansville Henderson <- Nashville bonds are draw n a t 110 bv lot
£
-» i® E ast St. Louis, 111., 275 m iles; branches to Evansm October, for paym ent Dec. 1; $30,000 a year till 1895 then6'
Vfile, Rockport, etc., m Indiana, 93 m iles; total, 368 miles of which
353 miles owned and 16 miles trackage ; 345 miles are steel from 56 to ^ e a s i n g each five years until $150,000 per year is finally reached A
70 pounds. Also owns Venice & Caronde let, leased to E ast St. Louis «'^oon^tufT oon D.WI?WV/ b°uds are subject to a drawing sinking fund
7 .ndlos. Portions m ain line operated under trackatra $5.000 tiU 1900, inclusive, then $10,000, and so increasing
fights ; Louisville to N Albany, 6 m.; W alnut Hill to Centralia, 7*2 m
ew
Okgaotzàiton.—A consolidation in 1889 of the Louisville Evansville
& St. Louis and other companies. It belonged to the "Mackey” system. B
M
K
°“ r"ed
*“ »
r
«
«
R e c e iv e r s h ip . On Jan. 4,1894, E. O. Hopkins and Jam es H Wilson
In June, 1890, the “ unified ” mortgage (trustee, Central Trust Comw ereappointedreceivers. V. 58, p. 43. Charles S. Fairchild, 46 Wall P u uylfor $75,000,000 was authorized, $41,917,660 bonds* being reSt.f N. i .i is chairm an of bondholders’ committee. V. 58, p. 82.
re^ re ab prior liens (none of the prior liens can be extended)
toe b a la n ce fo r d— in m im t l
(at luc te of $32,000 nep’
pep
, , j.
r
nr 1
When Due.
When Paid.
__________
mile, ^inoTlldlno- iimprovements, extensions \iiiu the raTheor *J2 .0 0 0cove d l n g e q n nm e n t ) , and for other purposes.
^
mm-tgage
................— • J a n - 1,1894
Not paid.
.. (besides 1,080 miles of road and its equipment) $16,209,?00 stock
Feb. 26,1894 of compames controlled, which is subject only to the 10-40 adjustment
F ' v ' P a i T M‘ 6nr"t.........................
St
J a n - 1» 1894
Not paid.
T* T* t m T *
P
48..................----- Mar- !> *894
h1^ ^,4 9
1
and 1
any
April, 1894 lien. See abstract of8 ,4 0 0 stock V. 51.$p., 100,000 bonds free from *uy
m ortgage in
613.
*
Aur 1 18Q4
L. E. & St. L. 2d. M............. ........... .
April, 1894
Qvfitral m ortgage (Metropolitan Trust Co. of New
Huntingbuxg Tell C. < C. 1st M ........* Apr', l ] 1894
&
E . R. & E. 1st M. 6s........ ........................ Ju ly i , 1894
^ April, 1894 York, trustee), see ab stract V. 4o, p. 372.
s . 30,1894
Aug.
The Pensacola^< A tlantic was purchased a t foreclosure sale in 1891
£
Capital Stock .—Common stock issued, $3,790,747; p a r *100 /See and its outstanding first m ortgage bonds for $ 2 ,000,000 were asV, 56, p. 289, 413.) In January, 1894, $4577162 piefd. Outstanding
b Z l % r a d u X rr e S d . C tt° o a U fo rth e sinking fuad a t 110, and are
A bstract of consolidated mortgage in V. 49 n 208
Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued
^ e x c h a n g e for preferred stock, settlem ent of E. & T .H account etc
$p77,000 were held as collateral for loans and $695,400 were in hands ^ „ ^ e°at,u r (which see); for $9,864,350 bonds South & North Alabama
Stee8to beJ.8® f,o r Preferred stock. On Sept, 17,1894, the Stock
,uSo
bonds of Louisville Transfer Co., and
Exchange reported $2,432,000 listed, (See V. 56, p. 289,413.)
for $2,096,000 Nashville Florence & Sheffield bonds-see th a t companyF inances .—The receivers report dated March 4 1894 ,
F inances . &c .—The Louisville & Nashville system has
Stated th a t about $1,000,000 should be expended during the nex t six’ been developed m its present extensive form since 1879. From February> io
w ere paid to represent
Son $ 287U
non6iiSad needed in S y its 8afe and
|
tion, $237,000 being m °5.h t < . forear 1894-95. economical opera­ in!?"* » 8, to 1890 stock dividends was paid partly m cash, surplus earnthe
v
August, 1890, dividend
and aU since
On Jan. 5,1894, current liabilities were $801,116- current assets to a t date in cash. As a precautionary measure no dividend was paid in
H0t including m aterials on hand, $ 229 ,75 9 .
current assets,
none m Aug., 1894. See earnings below,
m I8
was increased $13,000,000 for the purpose of
E Jan.^ltiT T u i^ 0? ! 118’ \¿1893, gro88’ ^ 7 8 6 ,0 6 8 ; net, 232 451
J a n to J u ly 31.
j o o f ’ gross, 1 ,008,207; net, $153,547 retiring89-90 the stockcollateral tru st bonds of 1882. lM s reduced the
the 6 per cent
R eport .—Fiscal year ends Ju n e 30. Receivers’ report shows • ’
$100,00(1ffir ali$70aof)Ooy $600’000’ a n d the sinking fund charge by
Years
Other I n i , rentals,
^ ^ ^ o 18^ - 93 company increiised its bonded debt $2,226,000, of
«
end. June 30. Cross earns.
Net.
Income, taxes, die.
Balance.
Chattanooga
$262,000 for
1892-93............$1,786,484 $574,588 $19,200 $683,829 def.$90,041 which $432,000 unified 4s for new improvem ents stock, construction.
sinking funds and $1,532,000 for
and
1891-92........... 1,411,552 328,265
1890-91............ 1,462,973 507,374 21.600 606,676 def.256,811 Bonds canceled were $293,000.
21.600 521,664
sur.7,310
In May, 1894,
Ex­
1889-90........... 1,151,412 443,671 21.600 396,296 sur.68,975 change, raising to$178,000 unified 4s were listed on N. Y. Stock com­
tal listed to $12,975,000. In June, 1894, the
pany reported $13,462,000 as outstanding.
£^372*)’ P’ 289’ 413 5 V‘ 57, P- 170; V- 58>P- 43- 82, 595, 8 6 4 ; V. 59,
L atest E arnings —1 month, \ 1894, gross, $1,428,903; net, $540,590
Ju ly 1 to J u ly 31,
5 1893, gross, 1,687,209; net, 536,754
f r o m n n H n n i ^ t ^ I w Í ’- r ^ ^ M apJ-R miles, w ith branches to
from Cincinnati. ^O., to NewÍ Orleans, La., 921 oA D .-O peratesm ain line
Y e a r ’s E arnings . —For the years ending Ju n e 30 the earnings have
8
J u n e ’3oT1893, 2,955 m iles;2’0?4 except makktg ilesta fsy s with been as follows. (See Y. 59, p. 70, 291.)
8P948’2TQ
e??*’
mile8’ 196 m to lam te m
OToper June JO,
all
Cross
Nei
Other
Fixed
Balance,
fite â rails. The system, well portrayed on accompanying map, includes •
. earmngs.
earnings, inc. (net).
charges.
for divs.
Lines owned absolutely or
Reported separately.
Miles iqqo ’o
$7 '110 >
552 $107,575 $5,665,636
$1,552,491
through entire capital stock. Miles.
Nashville Flor.& Sheffield.... 105
8,020,996 loss7,649
5,490,796
2,522,551
Louisville to Nashville.......... 185 ijNashville Chatt. & St. L ouis..810 1892-3. 22,403,639
A nnual R eport .—Fiscal year ends Ju n e 30. A nnual meeting is held
Sundry other lin e s........ ........ 2,416 IfHenderson B rid g e .................. 10
in Louisville the first Wednesday in October. R eport for 1892-93 w as
Lines leased, <tc.
iTNashville & D ecatur............ 119 ITGeorgia Railroad system .. ...7 2 1 given m fu llm V , 57, p. 5 9 7,601. See also editorial p. 577.
Operated for other co’s ............
South & N orth Ala. R R ....... 182 Owned b ut leased to other co’s. 88
Year end. June 30.
1890.
1891.
1892.
1893.
66
th er lin e s ..........................
53
Average m ile a g e ....
2,198
2,250
2,857
2,943
(ITSee this company.)
Freight earnings... .$12,845,951 $13,113,965 $14,604,220 $15,450,163Total system p ro p e r...... 2,955
Total of all Ju n e 30, ’93.. 4,755 Passengers................ 4,704,769 4,800,688 5,137,017 5 213,533
t e r e J, *
^
J< ^ 8 v mT & Nashville Nashville Mail, express, e tc ... 1,295,285 1,306,076 1,494,444 1 ,739,943
i
perea maron d 1850,Sn
and opened between Louisville and w as charGross earnings----$18,846,004 $19,220,729 $21,235,721 $22,403,639
iFbe system has been increased to its present size bv
ransnnp. expenses. A A
Y kA lflA
n ’Q H
A rK
7O
irm oi?i
a
trim
absorbing other roads, and by building extensions. The Transpor. A T T fl 4,458,786 4,752,901 -5,176,354 $5,435,490
Motive p o w e r....... 2,633,130 2,738,354
3,195,008 3,154,403
t«r tv? ° t
a7
,,xiliary roads axe treated mostly as be- M aint’nceo f c a rs... 1,196,718
directly to tee Louisville & Nashville Co. A list of the secu1,267,128
1,505,617 1,573,685
“
of ways, «fee. 2,040,334 2,097,670
rities owned and in the sinking fund was in V. 57, p. 602
2,404,712 2,570,492
1,510,731 1,648,573
stock of Kentucky Central was acouired For General...................... 1,090,123 1,202,391
Henderson Bridge see Miscellaneous Companies.
,, to,N ovem ber, 1893, control of the C. O. & S. \V was purchased hir
’
Total oper. expen.$ll,419,092 $12,058,444 $13,792,122 $14,382,643
57e ¿ 7631853n tval57rif CC 6 °T Lf "i18^ «q A : ashviUef See also V Net earnings..............$7,426,912 $7,162,284 $7,443,599 $8,020,99©To^q f
N
P ct.o fex p fA Cl O i >rea ' 60-59
7 ai
a»
P. or. AT AVT».to e a r’i’gs . UA.KA
' AA.t .■
62-74
64-20
purchase of the c
w 3b + n J " 1^ i 894»the courts decided th a t
l
64-95
the
°* & S- W- by tbe L- ® N. would be unconstitutional. Net, incl. invs’ts........ 8,065,598 7,880,160 7,976,892 8,437,105397,721
410,810
Taxes paid..................
579,538
513,185
_ 4,524,694 4,207,629 4,860,878 4,911,258
oiM^non
ruvi
^ w as voted to increase th e stock from $48,- Interest and re n t_
purchase of Kent. Cent. RR., <fec. Of the new Georgia RR. deficit..
90,339 P rof.62,530
70,978
124,695
186,203
205,494
Ju lv 1 ^ 8 9 ^ ’ $^200 onnk™+ + stockholders of Ju ly 21 a t 70, leaving Loss on other roads..
y
127,043
128,001
.........
to^soiMM?onn
bKI88ued- F urther increase in stock H ardin su it.................
T
225,737
to $o0,000,000 was authorized in November, 1893. V. 57, p. 596, 809 Dividends (see below). 2,405,367
2,400,000 2,376,000 2 ,112,000

8

l ^ 4 frEin 1882, ^ n 1888 1^8i°ooe’
f i
100 per 1«90. 6. of which
io i T k» m > s 82 Cq- \in8i°aaanand 1889, 5 in stock; in cent 111 stock; in B alanc e . .. .................. sr.$461,275 sr.$656,226 def.$25,867 sr.$410,551
48io in sto ck ; in 1891, 5 in cash; 1892, 4 p. c.; in 1893. Feb 2 p c Aug., 2 p. c.; in Feb., 1894, none; Aug., none. See V. 58, p. 81. ’ P’ ’! i These dividends w e re : In 1889-90 4-90 per cent stock and 1*10 cash;
_ B onds.—The 10-40 adjustment mortgage of 1884 itrustcc PAntrai in 1890-91 5 cash; in 1891-92 4*2 p. o.; in 1892-93 4 p. o.
—(J-5 6 . p. 57, 83, 165. 217, 246. 500; V. 57, p. 22, 105, 375, 510».
348, 5 7 7 , 5 9 3 , 596, 5 9 7 ,7 2 1 , 763, 808, 853, 938,1039; V. 58, p. 81,.
& ^ ’ ^ t# ,p 84raiana
e
m i6 2 ’700 01
512, 716, 904; V. 59, p. 28, 70, 291.)




S e p t e m b e r , 1894.]




K A IL R O A D

STOCKS

AND

BONDS

77

78

INVESTORS’

SUPPLEMENT.

|V o l . L1X.

Subscribers will confer a great favor by giving Immediate notice of any error discovered lq these T^iZT~
RAILROADS
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per
•v u v i w i u m u
of
of
P ar
pal,When Due
When
on first page of tables.
Road. Bonds Value. O utstanding Cent. Payable Where Payable and bv Stocks—Last
Whom.
Dividend.
Louisville New Alb.d Okie.—Stock, $4,500,000ispref.
$100 $13,500,000 See text.
N. Y., Office, 80 B’way
1st M. Lou. Div.—New Albany to Micb. City...c* 288 1880
See text.
1,000
3,000,000
6
J. < J N. Y., Chase Nat. Bank
fe
1st M., Chic. < Ind’polis Div.,Chic, to Ind.,gold.c* 158 1881
fe
1,000
Jffiy i, 1910
2,300,000
6 g- F. & A
do
¿o
Consolidated mortgage (for $10,000,000) gold.e
512 1886
Aug- 1, 1911
1,000
4,700,000
do
do
General mortgage, $25,000 p. m.,'gold............... e* 512 1890
£ g- A. & O
A.PL 1, 1916
1,000
2,800,000
fe
5 g. M. < N,
do
do
Equipm ent notes on June 30, 1894............ . .........
May 1, 194C
589,739
Equipm ent s. fund bonds, $1,000,000, see te x t..
1894 to 1899»
1894
See text.
do
do
iMuxsville New Orleans < Texas—See I l l in o is C ent RAL.
6
1914
Louisville St. Louis < Texas—Stock.......... ..................
fi
100
3,071,100
1st mortgage, gold .............., .................................c* 122 1887
1,000
2,800,000
6 g- F. & A. L ast paid Feb., 1893. Feb. l , 1917
1st consol, mort., $5,000,000, gold......................c* 146 1892
1,000
1.629.000
5 g- M. & S. Mch., ’93, coup, last pd, Sept. 1 , 1942*
Louisville Southern—1st M. $5,000,000, gold, gu c* 126 1890 500 &c
4.340.000
5 £• J. & J.
Lykens Talley—St’k.lOp.c.rental, 999 yrs. Nor.Cent.
21
20
600,000 10 p. an, Q .^J. N. Y., Office, 13 Wm. St, July 1, 1940,
Lynch. tGDur.—1st M.$3,000,000,$20,000 p.m.,g.o* 115 1890
Oct.,
1,000
2.012.000 see text, J. & J. N. Y., Mer.Tr.Co.&Phil, Jan. 1 ,1894
1940Macón < Birmingham—1st M.for$20,000 p.m.,gold
6
97 1890
1,000
1.940.000
5 g. M. & N.
Macon < Northern—1st M. gold, gu. p. &i. (end.) .c* 107 1891
&
1940
1,000
2.200.000
4*2 g. M. & S. Sept.’92,coup. last paid. Mch. 1 , 1990
Maine Central—Stock....................... ...........................
100
4,984,800 See text, Q.—J.
Portand, Me., Office. Oct. , 1894
Port. &Kennebec con. M., Port, to Aug. & brch* ’c *72 1865 100 «fee.
821,900
6
A. & O. Bost., N.Rev. Bk.; Port, Apr. 1 , 1895
Me. C. loan for $1,100,000, Danv. Jc. to Bangor.e 109 1868 100 «fee.
1
756,800
7
J. & J.
do
do
Extension IstM ., gold, Cumberl. June, to Dan..c
July 1, 1898
18 1870 500 &e.
496,500
A. & O.
do
do
Leeds & Farm . RR. 1st M., Leeds to Farm ington.c
Oct. 1 , 1900«
36 1871 100 &c.
633.000
I®' J. < J.
fe
do
do
Me.C. IstM ., cons., A. B. C. D. ($269.500 5s)...e*
July 1, 1896.
1872 100 &o. 4.176.700
A.
do
do
Apr. 1, 1912
Do
do
do
($10,000 4 s ).... o* i 304 1872 100 &o. 1.530.000 5 & 7 A. & O.
4*2
& O.
do
do
Apr.
1912
Collateral tru st bonds for Mt. D esert Branch . c ’ 41 1883
1,000
679.000
5
J. « D. Bost., Ara.L.&Tr.; Port. June 1, 1923
fe
Sinking fd. 10-20s,gold, red.on or aft. Feb. l , ’95.c
1,
1885
1,000
600.000
fe
6 g. F. « A. Portland Tr. Co., Port. Feb. 1 , 1905
Im provem ent bonds,“A” and “ B.” gold, not mort.
1886-7
450.000
&
4*2 g. J. < J. Bost., N.Rev. Bk.; Port. July 18,’16-1 7
Me. Cent. Eu. & No. Am. refunding mort., gold...
56 1893
1,000
1, 000,000
fe
1 , 1933
E uropean & N. Am. stock, 5 p. c. rental 999 years 114
K r g- J. « J. Boston and Portland,
100
2.488.700 5 p e4 an. A. « C. Bangor, Treas. Office. Jan. 16,1894
fe
Portland & Ogdens, stock (2 p. c. rental, 999years) 109
100
4,381,883 2 per an. Q.—F. Portland, Me. Cent. Of. Apr. 1894
1st mortgage, gold, interest guar........................o
Aug.,
62 1870 500 «fee,
800.000
&
6 g. J. < J. Bost., N.Rev.Bk.«fe Port. July 1 , 1900
Consol. M. $20,000 p. m. (guar, by e n d .)........... c 107 1888
1,000
1.319.000
M. « N. iBos., N. Rev. Bk. < Bos. Nov. 1 , 1908
fe
5
fe
D exter «fePiscataquis stock 5 p.c. rental 999years.
17
100
110,000 5 per an. J. & J.
Dover, Me., Office.
July, 1894
1st M., D exter to Dovei, etc., guar, by end.......
17 1889
1.000
175.000
4
J. < J. IBost. N. Rev. Bk., Port. July 1 , 1929»
&
L o u is v il l e N e w A lb a n y & C h ic a g o .—(See Man)—Operates the . 4i ? u L8V,11« S o« t h e .r n — ° wned from Louisville, Ky., southwesterly
‘‘Monon R o u te’’ from Chicago, 111., via Monon, Ind., to Indianapolis, to Burgin on Cincinnati Southern Railroad, 83 miles, with branches toIna., ana Louisville, Ky., ’
with branches—the system including:
Lexington and Georgetown, 47 miles; total, 130 miles.
6810
Lines owned—
Miles.
Oper, under contract— Miles.
EiohmondA W- p - Terminal plan provides
Indiana State Line to Indianap. 162 Chicago to Ind. State L ine... 20
a
8hall be -txoi anged for 70 per cent of a new consoli­
New Albany to Michigan City .289 New Albany to Louisville....... . 5
per
of its
Lines controlled,
Connection in Indianapolis__ 2 dated company s 5bond een«. oonds and 30 per cent S. s to nrefn stork
For each $1.000
accompanied by $1,000 L.
X a adffi. securities all owned—
i^ n a l $150 of new pref. stock will be given. See V. 56, p. 882. In Mav
Bedford & Bloomfield RR........ 41
Total of a ll.. . ..........g......... . 537
^ 94i the. Plan bad been accepted; V. 58, p. 815. Road was sold um
Orleans, West Baden & French
Of which narrow gauge......... 35
der foreclosure on Aug. 16,1894, to Southern Ry Co. (V. 5 9 d 2 9 1 v
.
L ick Springs R y...................... 18
and forms the Southern Railway in Kentucky.
TV
y
Of the 510 miles owned. 180 miles are laid w ith 52 to 56 pound steel,
E arnings .—12 m onths,) 1893-94, gross, $601,457; net, $46.885
295 miles "with 60 to 67 pound steel and 35 miles narrow gauge with
Ju ly 1 to June 30.
) 1892-93, gross, 690,609; net, 182 ,533.
iron rails. A lease for 999 years w ith Chicago < Western Indiana (of
fe
whose stock this company owns $1,000,000) gives entrance to Chicago ~ (7a J?52 p; 462 : v - 56, P- 882! v *57. P- 60; V. 57, p. 105.1039- V 58
p. 127, 474, 512,636,815; V. 59, p. 28, 291, 331.)
’
58v
on a mileage basis.
i ¿Organization .—The Louisville New Albany < Chicago was opened in „.1 ^ e n \ v a lle y .—Owns from Millersburg, Pa., to Williamstown, Pa
fe
1852 and sold in foreclosure Dec. 27,1872, and reorganized. In August 20 miles; branch, 1 mile; total operated, 21 miles. I t is a coal road’
leased and operated by the Northern Central Railroad since July 1880*
1881, consolidated with Chic. < Ind. Air Line.
fe
Capital Stock.—In November, 1893, the $12,000,000 of stock then and previously by the Summit Branch Railroad. The lease is for 999
outstanding was classified into $9,000,000 of common and $3,000.000 years from March 1,1866, and the rental is $62,500 per annum.
E arnings .—From m ining and selling c o a l—Jan. 1 to July 31 1894
of preferred, an additional $1,500,000 preferred being sold to stock­
holders a t 40 per cent to p ay for equipm ent. For future capital re- (7 m onths), gToss $467,898, against $639,293 in 1893 ; deficit, $19 850quirem ents it is proposed to issue from tim e to tim e an additional against net, $66,251. In 1893 gross, $1,112,548, against $1 069 833.
.
* J
$2,500,000 of preferred. The preferred is entitled to 6 p, c. dividends, m l e 9 2 ; net, $68,568, against $35,582.
ii earned, n on-cumulative, common to receive all remaining profits.
Lynchburg & Durham.
—Completed in 1890 from Lynchburg..
D ividends .—On new preferred February 15,1894, m per cent.
7^’
N. C., 114 miles. Leased for 999 years from March 1,
B onds .—The general mortgage of 1890 is for $25,000 per m ile of road 1893, to Norfolk & Western. Stock authorized, $2,000.000; outstand­
and $ 10 ,000,000 bonds are reserved to retire the ls ts as thev m ature ing, $1,876,500 (par, $100). Mortgage trustee is the Mercantile Trust
Trustee Central Trust Co. The Bedford & Bloomfield Railroad and V°; „ in te re s t on the bonds was reduced for one year from March
the Orleans West Baden ^ French Lick Springs Railway have no l , 1893, to 3 per cent and then for one year to 4 per cent, thereafter to
u^bt, a n d : th eir entire capital stock is deposited as security for be 5 per cent, the priiieipal and this interest being unconditionally
the Louisville New Albany < Chicago consolidated and general mort- guaranteed by the lessee by endorsement. President, W. C. Houston
fc
gages, as is also the $1,000,000 of Chicago & West Indiana RR. stock Jr., Philadelphia. In year 1891 gross earnings were $166,132 No­
separate rep o rt of earnings now made. (V. 51, p. 84; V. 54, p. 159.)
and'$240,000 stock of the Belt Railway of Chicago.
The equipm ent bonds were issued in September, 1894. New bonds
Owns Macon Junction to La Grange.
oe Issued as title of equipment is vested in trustee. ID is said G Macon* Birmingham.—
a.,97 miles. Messrs. Gill, Shaw«fe Ober of Baltimore are a bond
$350,000 of the bonds will be sold a t once.
™ tlers committee. Foreclosure proceedings were instituted in April.
Bills payable June 30,1894, were $342,081. American E xpress Co 1892, by the mortgage trustee. As to status in Nov., 1893, see V. 57 p
10 -year instalm ent loan, $ 200,000.
853, under Ga. So.«feFla,. item. F irst mort. bondholders’ committee
General F inances .—Under the new m anagem ent more th an $1,682,- request deposit of bonds m N .Y . Security & T rust Co. V. 58, p. 82. W B
000 has been expended for improvements, th e entire line being now laid Sparks is receiver. Receiver’s certificates for $30,000 have been authorw ith steel except the narrow-gauge branch to Switz City, which branch iZ «& n ? year
q
June 30,1894, gross, $71,050; net, $12,331. In
is being made standard.
1S92-93 gross, $69,761; net, $11,200. In 1891-92, gross, $79,624;.
EARMNGS.-From Jan . 1 to Sept. 7,1894 (8^4 months), gross, $1,852, deficit under operating expenses, $988. (V. 54, p. 683; V. 58, p. 82.)
208, against $2,328,732in 1893.
’
Macon & Northern.—
Owns from Macon, Ga., to Athens, Ga., 105
,
Repo rt .—Fiscal year changed to end June 30. Report for ffiM8* Successor to Covington & Macon, sold in foreclosure May 21.
1893-94 in V. 59, p. 470. Earnings have been as follows for the calen­ 1891. In 1891 leased for 99 years to the Richmond < Danville and the
&
d a r year 1890 and the fiscal years ending Ju n e 30,1892, ’93 and ’94
Central of Georgia, the lessees jointly guaranteeing interest and prin­
„
,
1890.
1891-92.
1892-93.
1893-94.’ cipal of th e bonds. See V. 52, p. 321; Y. 53, p. 223. N. E. H arris was
Gross e a r n in g s ........ $2,630,132 $3,067,108 $3,416,488 $ 3 , 135,882 made receiver March 24,1893. In terest due March 1, 1893, was not
Net earnings...............
917,176
952,160 1,060,622 1 0 1 7 272 paid. The Richmond Term inal plan of Feb. 20,1894, excluded this
Dividends received...
25,000
45,000
74,400
60 000 company s securities from the proposed reorganization.
r0
Total n et income.
$942,176 $997,160 $1,135,022 $1,077,272 $1*070 0°0 deT 59 ^ ^ 3^ orecI°8Ure October 2,1 8 9 4 ; m inimum price.
filterest on bonds, etc
651,781
768,243
763,810
772 599
From Ju ly 1, ’ 892, to Ju n e 30,1893 (12 months), gross earns., $82,l
R entals....................... .
155,297
163,001
191,031
226,688 295; net, $5,935. (V. 55, p. 177, 216, 412; V. 56, p. 463, 538, 579, 881 ;
V• 0\j f p.
)
Balance, surplus.. $135,098
$65,916
$180,181 If$77,985
Maine Central.— of road, Portland to Vanceboro, Me., via
Line
divldend 011 preferred $57,252; balance surplus, 1893-94, Augusta, 251 miles; branches, Cumberland Junction to Skowhegan,
9 a0,7 o3.
91,pules; B ath to Lewiston and Farm ington, 76 miles; branchesSamuel Thomas, Pres., N. Y. (Y. 56, 886, 923, 973; Y. 57, p. 374, BeKast, D exter, Bucksport and Mt. Desert Ferry, 133 miles; Portland <
fe
375, 4 2 1 ,5 3 0 , 639,722,853, 894; V. 58, p. 82, 941; V. 59 p 191 Ogdensburg Railroad, Portland, Me., to Lunenberg, 109 miles; small
4 2 3 ,4 7 0 ,4 7 3 ,5 1 5 .)
*
* * W #T
’ branches, 6 miles; Upper Coos and Hereford railways, Lunenberg, N. H..
Ridge,
Rockland (including steam,
L o u is v il l e S t. L o u is dc T e x a s .—R oad .—Louisville to Hender­ to Limemiles) Quebec, 108 miles; B ath to which 345 miles owned, 429
ferry, 7
son Ky., 142 miles, of which West Point to Louisville, Ky., 20 miles is miles operated,48 m iles; total, 822 miles, ofpractically owned; 33 miles
leases, and
tra c k a g e ; owns also Irvington to Fordsville, Ky., 44 miles, and branch operated under under 999 year and 15 miles ferry lines.
50-year leases
1 mile ; total operated, 166 miles. Extension of 15 miles to a connecOrganization .—A consolidation in 1862 of the Androscoggin < Ken­
fe
n o n w ith the Louisville < Nashville is partly graded.
fe
and the Penobscot &
which have sinceR eceiversh ip .—
August, 1893, coupon was not paid, and A ttilla Cox nebecmerged the Portland Kennebec railroads, into Kennebec < Leeds
been
< Kennebec, Somerset
fc
fe
Was appointed receiver. Bondholders’ committee, W. H. Male, Samuel and Leeds < Farm ington RR. Co.
&
D. Dav; s and Jo h n J . McCook. In June, 1894, comm ittee were holding
Stock .—Of the stock $2,516,000 is owned by Boston < Maine.
fe
any reorganization plan till road’s earning power is determined. Consols are outstanding only as collateral. No receiver’s certificates out­ 1
2 per o e n t; lu 1883,51«: from 1884 to October „
standing m September, 1894. See V. 57, p. 1039.
1894, both inclusive, a t the ra te of 6 per cent yearly.
,
1892, was executed a consolidated mortgage
B onds , G u a ra n ties .—Consols of 1872 are held in tru s t to retire all
fo r $5,000,000. of which $2,800,000 is reserved to retire the first m ort­ underlying bonds a t m aturity. The E uropean < N orth American 6 per
fe
gage 6s a t m aturity. The consols have first lien on 44 miles from Ir­ cents due Jan . 1,1894, were refunded into the Maine Central gold 4 per
vington to Fordsville, Ky. Feb. 9,1893, there were outstanding $294.- oeP i 8’ i 8
PPP^PPd?r,I?lortP a«e m ade jointly with the E. < N. AT
fe
■300 car tru st notes and certificates. Mortgage trustee, Central Tr. Co
The $600,000 sinking fund 6s of 1885 have been called for redemp­
tion on Feb. 1,1895. Holders m ay have their bonds extended for 10
E arnings.—7 ffios., ) 1894, gross, $233,359; net, $40,683.
yea™ a t 43« p c. by giving notice prior to Oct. 1,1894. Interest to Feb.
Jan. 1 to Ju ly 31. $ 1893, gross, 341,990; net, 118,226.
on
be paid t once. Vol. 58, p. 1109.
Annual R eport .—Fiscal year ends June 30. Report for 1891-92 in I ’.A?95’ are extended bonds will Line 6s,adue 1923; also $150,000 Bel­
There
also $42,000
W 55, p. 1077. In year 1892-93 gross earnings w ere $628,112. against fast < Moosehead Lake mShore oonds, due 1920, not guaranteed, infe
ortgage
n 1891* 2 ; n et $250,952, against $229,770. (V. 55, p. 256, t e ^ f r and sinking fund for which are paid out of the rental. Jointly
9
373 723, 1 0 7 7 ; V. 56, p. 331, 332; V. 57, p. 217, 298, 510,1039.)
w ith B. < M. guarantees $300,000 Portland Union Station bonds.
fe




S f p ie h b e b , i t s t J

R A liitv O A i)

STO CK S

AND

BO N D S.

J »

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Table*.
juntas— iuicj r
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles D ate Size, or
Amount
P a r Outstanding R ate per When Where Payable, and by Stocks—L ast
of
onr ftXDlanation of column headings, &c., see notes of
Dividend.
Cent. Payable
Road. Bonds Value.
Whom.
t0
v
on first page of tables.
irnine C e n tra l— ( C o n c lu d e d .)

$100
$800,000 4 per an. M. & N. Portland, Me. Cent. Of. May 1, 1394
53
H e r e f o r d R’y stock (4 p. c. rental for 999 years)..
1,000
4
800,000
M. & N. Boston, Mass. Nat. Bk. May 1, 1930
53 1890
1 1st mortgage, guar. p. & 1. (endorsed)........ .
100
350,000 6 per an. M. & N. Portland, Me., Office. M a y 'l, 1894
22
TJnper Coos RR. stock, 6 p. c. rental 999 years
1,000
350.000
4
M. & N. Bost., N. Rev.Bk.; Port. May 1, 1930
22 1890
i 1st mort., guar. p. & i. (endorsed)...................
1,000
566,000
4*a M. & N. Portland, Me., Office. May 1, 1930
33 1890
I Extension M., $21,000 p. m., guar. p. & i.(end.
100
200,000 5 per an. F. & A. Portl’d,Me.,Me.Cent.Of. Aug. 1, 1894
48
Knox & Lincoln stock, guar., 5 p. o., 999 y e ars...
1,000
1,300,000
4
F. & A. Boston, Nat. Revere Bk. Aug. 1, 1920
48 1890
1 st M Penobscot S h o re lin e RR. Co., assumed.
1,000
F. & A.
114,000
Ju ly 1, 1921
48 1891
5
do
do
K & L. 2d mortgage (for $400,000) assum ed...
100
122,000 6 to 5 M. & S. Dexter, Me., Office.
Sept., 1894
14
Dexter & Newport, stock, 5 p. c. a fter Nov. 25,’98.
100
200,000 4*0 p. an. M. & N. Rockland, Me., Office. May 1, 1894
18
Eastern Maine, stock, 4*2 p. ct., rental 999 years
1,000
65 1893
975,000
J. & J. Balt©., Safe Dep. & Tr. Jan. 1, 1943
5 gManchester d A u g u s t a —1st mortgage, gold......... c*
100
1,000,000 10 p. an. M. & N. Manchester and Boston. May 1, 1894
22
Manches. d L a w .— Stock, 10 p.c.ren’l till 1937.B.&M.
1,000
1892
274,000
4
J. & J. Boston, B. & M. RR. Jan. 1, 1922
Beal estate bonds (not mort.) int. gu. by B.& M-c
100 30,000,000 6 per an. Q .-J .
36 .
Oct. 1, 1894
N. Y., 71 Broadway.
M anhattan E le v a te d . —Consolidated stock...............
18 1878 £ & $ 10,818,000
Metropol. El. 1st M., $600,000 p.m ., assum’d g.c
6 g J. & J. N. Y., Mercantile Tr. Co. July 1, 1908
1,000
M. & N.
Nov. 1, 1890
4,000,000
6
do
do
18 1879
2d mortgage (assumed)..................................... c*
14 1876 $ & £
8,500,000
Jan. 1, 1906
J. & J.
do
do
7
N Y. El. 1st M.(payable a t 105 aft. 1895)$&£.c&r
1,000
Mch. 1, 1916
32 1886
1,000,000
M. & 8.
do
do
5
N Y. El. deb., secured by consol, mort. of 1890..
1,000 11,567,000
32 1890
4 g. A. & O. N. Y., Of., 71 Broadw’y. Apr. 1, 1990
Manhattan Elevated consolidated mort., gold..o*
1,000
34 1886
540,000
6 g. M. & N. N. Y., Farm. L. &Tr. Co. Nov. 1, 191G
Maricopa d P h oen ix— 1st mortgage, gold.............. c
1,000
July 1, 1911
1881
383,000
Marietta & No. 6 a . ~ 1st m ort., $7,000 p. m., gold...
6 g. J. & J. July, ’90, last paid.
1,000
Jan. 1, 193T
3,821,000
do
do
Con.lst.M.,g.,$4,500,000,s.f.$15,000 after 1897 c* 224 1887
6 g. J. & J.
E & A TLANTIC
Marquette H o u g h to n d O n to n .—See Duluth South Shor
92 1886
July 1, 192G
1,380,000
In default.
Mason O ity & F o r t D odge —lstm .$15,000 p. mile, g.
6 g. J. & J.
25
5,312,725
Memphis & C h a r le s to n — S tock............................... .
93
Tenn. State lien$1,736,906,1st M.on line in Tenn.
7
’54-’67
Jan. 1, 1915
Ala. & Miss, old 1st and 2d morts. ,(See te x t).......
1,000
2,155,000
Bonds of 1880, secured by old morts.in tru st, gold. See 1880
7 g. J. & J. Jan.. ’93,coup, lastpaid Jan. 1, 1915
Jan. 1, 1915
1,000
105,000
do
do
7
J. & J.
Old 2d mortgage bonds, extended (See te x t)----c text. 1867
1,000
do
do
Jan. 1, 1915
1,400,000
7 g. J. & J.
Cons. M. of ’77 w ith 1st lien on 93 m. in Tenn., g.c 293 1877
Jan. 1, 1915
1,00
do
do
293 1877
864,000
Consol, mortgage of 1877, gold......................... c
7 g. J. .& J.
1,000
1,000,000
6 g. J. & J. July, 1892, last paid. Jan. 1, 1924
General mortgage, gold.......................................o&r 293 1884
Marietta Sc North Georgia.
—Owns road completed in A u­
F loating D eb t .—Notes payable were $388,000 Oct. 1,1893.
gust, 1890, from Knoxville, Tenn., to Marietta, Ga., 217 m iles,
Annual R eport .—Fiscal year ends Sept. 30. Report for 1892-93 w as branch, 7 m iles; trackage, Western & Atlantic Railroad, M arietta, Ga.,
in V. 57, P -1037. Of 1893 surplus $60,000 was credited to bridge to A tlanta Ga., 20 m iles; to ta l operated, 244 miles.
fund ana $10,000 to injury fund.
H isto r y , R e c e iv e r s h ip , &c .—Completed in 1890 and consolidated
1893.
Fear ending Sept. 3 0 — 1890.
1891.
1892.
with Knoxville Southern. Interest defaulted Jan. 1,1891, and J. B.
822
741
821
822
Miles operated...............
Glover appointed perm anent receiver on Feb* 23. At foreclosure sale
Total gross earnings__ $4,226,465 $4,324,905 $4,757,603 $4,951,835 May 8 , 18»4, there were no bidders. The Atlantic Trust Co. reorgani­
,$1,367,798 $1,382,527 $1,695,813 $1,610,311 zation plan declared operative. See the plan in V. 54, p. 887.
Net earnings...
I t is proposed to consolidate M arietta & North Georgia, 231 m iles;
59,835
43,765
39,074
60,817
Other receipts
Knoxville Belt, 4 m iles; Knoxville Cumberland Gap & Louisville, 103
Total net income.......$1,411,563 $1,421,601 $1,756,630 $1,670,146 m iles; Morristown & Cumberland Gap, 40 m iles; Chattanooga South­
$483,196 ern, 96 miles—a total of 474 miles of constructed road. See each com­
$284,655 $360,093 $480,887
Rentals paid........
829,936 pany. Extensions to Bristol, Atlanta, Chattanooga and Birmingham
821,165
828,189
830,308
Interest on bonds
276,248 involve the construction of 174 miles of road. (V. 55, p. 995.)
215,616
215,628
268,485
Dividends.............
Obligations .— Tuly 1, 1893, Receiver’s certificates and obligations
Balance, su rp lu s........... $90,127
$17,691 $176,950
$80,766 were $410,000; Mar. & Nor. Ga. old 2ds, $6,000; cash outlay needed
to complete improvem ents deemed essential. $500,000. Stock (includ­
-(V. 56, p. 164, 8 5 2 ; Y. 57, p .8 5 2 , 1 0 3 7 ; V. 58, p. 1109.)
ing Knoxvlile Southern), $5,250,000. Contractor’s claim of $293,000
M a n c h e s te r & A u g u s t a . —Owns road completed in July, 1894, reported as decided against the company in February, 1894.
from Sumter, Ga., to Denm ark, South Carolina, 65 m iles; p a rt of
E arnings .—For year ending Feb. 28, 1893, gross, $215,853 ; net
Atlantic Coast Line System. Connects a t Denm ark w ith South Caro­ $27,674. (V. 55, p, 857, 995 ; Y. 56, p. 923, 1015; V. 57, p. 683, 979
lina and with South Bound roads. See traffic contract below.
V. 58, p. 430, 595, 815, 866.)
Bonds.—F irst mortgage 5s are lim ited to $15,000 per mile and $200,Marquette Houghton & Ontonagon. D u lu th S. S. & AT.
—See
000 for term inals. Under a jo in t traffic contract with the Richm ond
Mason City& Fort ©odge.—
Owns road from Mason City, la .,
Fredericksburg & Potomac, Richmon t & Petersburg, Petersburg RR.,
Norfolk & Carolina, Wilmington & Weldon, Wilm. Col. & Augusta and to Lehigh, la., 88 miles, and branch, 4 miles. Stock authorized, $5,Florence RR., those companies agree to set aside m onthly 20 per cent 000,000; outstanding, $920,000; par, $100. In year 1892-93 gross
of gross receipts from traffic w ith Manchester & Augusta, same to be earnings, $140,500; net $27,179, against $35,771 in 1891-92: charges,
$91,376. Interest due and accrued July 1,1892, $496,800; bills pay­
used each year to make up any deficit for interest on M. & A. bonds
able, $3,483. Total deficit to June 30, 1892, $401,464. President,
Manchester& Lawrence.-Ovnsfrom Manchester, N H to Jam es J . Hill, of St. Paul.
. .,
Methuen (State Line), 22*4 miles. Leased for 50 years from September
Memphis & Charleston.—
R oad .—Owns from Memphis to Stev­
1,1887, to Boston & Maine a t a rental paying 10 per cent dividends.
Suit has been instituted to recover $1,000,000. said to be due from enson, Ala., 272 miles; branches to Florence, etc., 20 m iles; leases to
Chattanooga, 38 m iles; total, 330 miles—largely 56 pounds steel.
Concord Railroad. See V. 56, p. 82, under item as to Boston & Maine.
R e c e iv e r s h ip , E tc.—The East Tenn. Virginia & Georgia RR. on J u n e
Manhattan Elevated.— .—Controls and operates all the
R oad
$2,733,040 o the stock, but
right to
elevated railroads in N. Y. City, its m ain track aggregating 32 miles. 30,1893, owned (V. 50, p. 703;' V. 52, p. 831.) its July 14. vote thereon
was contested.
On
1892, Henry
Besides these it owns and operates the Suburban R. T. RR., 3% miles.
Fink was appointed receiver, and on Ju ly 25, C. M. McGhee jo in t re ­
History, E tc .—Formed Nov. 24,1875, to operate elevated railroads ceiver in interest of the E ast Tennessee. Y. 55, p. 100,177.
in New York City. In June, 1884, all liabilities of the leased lines
Coupon P ayments — Coupons due July 1,1892, were paid with inter­
were assumed and $26,000,000 new stock w as authorized to retire est Jan. 3,1893. Coupons due Jan u a ry 1,' 1893, excepting general
old stocks. The exchange was completed in May, 1894, and the prop­ mortgage coupons w ere paid with interest jtan. 2,1894.
erties of the consolidated companies are now owned in fee. In May,
R eo rganization ,—The
1891, $4,000,000 stock was issued to acquire the Suburban Rapid 1893, provided th a t this Richmond & W. P. Term inal plan of May.
as
s th e
Transit RR., owning a bridge across the Harlem River, and a road in general bonds, should becompany’s $864,000 consol. 7s.newwell apany
exchanged for securities of a
com
operation to near 171st St., N. Y., 21 miles. V. 52, p. 642.
n
to succeed the Rich. Terminal. The holders of these bonds refused to
Bonds and Liabilities .—There are considerable claims pending accept the term s offered, and in the modified plan of Feb, 20,1894, this
against the elevated roads for damage to property on their lines, ana company was not included. Large expenditures for im provem ents are
many of these are before the courts. See Chronicle V. 56, p. 289. said to be necessary. V. 56, p. 882. Foreclosure proceedings u n d e r
The consolidated mortgage (trustee, Central Trust Co.) is limited the general m ortgage w ere commenced in June, 1894.
on present mileage to $40,000,000, and will provide for prior bonds
B onds .—The 7 p er cent bonds o f 1880 are all equally secured by
when due. F urther amounts m ay be issued for extensions if desired deposit in tru st of the entire issue of the company’s old first m ort­
at the rate of $300,000 per mile of single and $600,000 p er mile of gage bonds of 1854, and of all but $105,000 of its second m ortgage
double track. (See abstract of mortgage in Y. 51, p. 248, and applica­ bonds of 1867. The bonds of 1880 have therefore a first lien on the
tion to New York Stock E xchange in V. 52, p. 353.) On the Stock E x­ 200 miles of road in Mississippi and Alabama and cover, subject to
change in Sept., 1894, $11,963,000 consols had been listed, but of the Tennessee State loan, the 93 miles in Tennessee. The consols o f
these the company held $300,000 against “ special account” and 1877 cover all the property, subject to the prior liens, and $1,400,000
$96,000 consols to redeem convertible certificates.
of them have a first lien on the 93 miles in Tennessee through assign­
Dividends .—In 1884, 3 p. c.; in 1885 to 1887, inclusive, 6; in 1888, m ent in Trust therefor of the Tennessee State lienfor $1,736,906. The
Farm ers’ Loan &
the deeds of 1880 and 8 7 7
5; in 1889,1 in cash and 4*a in scrip; in 1890, 4*2 cash and 1*3 scrip the Central Trust T rust Co. is trustee of In June, 1894, oar trusts,1p rin;­
Co. of deed of 1884.
from January, 1891, to Oct., 1894 (inclusive), 6 p. o. (1*2 quar.)
cipal and interest, w ere $90,517; loans and bills payable on Deo. 3 1 .
General F inances , E tc.—Cash dividends were resumed in April, 1893, were $133,400.
1890, after four dividends of 1*3 per cent each had been paid in scrip.
E arnings .—Jan. 1 to Aug. 31,1894 (8 mos.), gross, $807,209, a g a in st
Annual R eport .—Fiscal year ends June 30. A nnual m eeting is $920,853 in 1893. inJu ly 1 to Dec. 31,1893 (6 months), gross, $675,896,
against $790,011 1892; net $156,139, against $ 197,704.
held the second Wednesday in November.
A nnual R e p o r t .—Fiscal year ends Ju n e 30. Report for 1892-93 in
Year ending June 30—
1891-92.
1892-93.
1893-94,
V. 57, p. 850, showed the following. The
in
Gross e a rn in g s.........................$10,695,977 $11,086,359 $10,153,576 interest on bonds (not paid), $376,680; chargessts, 1892-93 include
car tru
$2,730; miscel­
Net over operating exp............... 5,270,629
5,500,059 • 4,621,536 laneous, $33,131.
Other income...............................
140,000
140,000
311,678
Year.
Cross.
Net.
Charges.
Balance.
Interest; rentals and ta x e s_
_ 2,414,916
2,668,767
2,600,567 1892-93............ :.$1,520,241 $293,709 Other inc. $412,541 df.$118,347
$485
Dividends.................
1,800,000
1,800,000
1,800,000 1891-92.............. 1,531,514 307,281
240 384,553 def. 77,032
1890 91 ............
29,181 395,868 sur. 96,163
Surplus over dividends....... $1,195,713 $1,171,292
$532,647 1889-90.............. 1,747,461 462,850
1,783,730 514,730
11,751 390,149 sur.136,331
Number of passengers carried and gross earnings have b e e n :
-(V . 55, p. 21, 100, 177; V. 56, p. 5 3 7 , 882; V. 57, p .8 5 0 ,1 0 8 4 :
Year end.
V. 58, p. 12, 223.)
Year end.
Sept. 30. Passengers. Earnings. Ju n e 30. Passengers. Earnings.
Meriden Waterbury Connecticut.—
Sc
Owns from Cromwell,
1889188485... 102,354,729 $7,000,566 90...185,833,632 $9,388,681 Conn., via Meriden to W aterbury, Conn., 30 miles. Leased for 99 year»
91. .196,714,199
9,959,710 Sept. 1,1892, to N. Y. & New England a t $22,500 per annum ,
1885-86... 115,109,591 7,426,216 1890from
188687... 158,963,232
8,102,662
189192...213,692,570 10,835,978
payable in semi-annual instalm ents directly to trustee of m ortgage
1887-88... 171,529,789 8,673,871 1892- 93...221,407,197 11,226,359 (Farmers’ Loan & Trust Co.), to be applied to interest on bonds. Stock
1888-89... 179,497,433 9,080,881
authorized, $500,000; par, $100. The New E ngland w ent into receiv­
-(V. 55, p. 639, 679, 806, 857, 1035 ; V. 56, p. 127, 206, 289, 621, 835* ers’ hands in December, 1893. January, 1894, coupons of 1st m ort­
836,1056; V. 57, p. 105, 256, 298, 469, 8 0 8 , 809, 854; V. 58, p. 264* gage have been paid. (V. 54, p. 367, 648.) In 1892-93 gross, $13,582; deficit from operating, $4,348, against deficit $8,433 in 1891-92.
816, 902,1073; V. 59, p. 291, 371, 42 1 .)




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Se p t e m b e r , 18P4.J

EAILKOAD

STOCKS

AND

BONDS.

81

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
P a r Outstanding Rate per When Where Payable, and by Stocks—L ast
of
W explanation of column headings, &c., see notes of
nr
Road. Bonds Value.
io r e
on first page of tables.
Cent. Payable
Whom.
Dividend.
30 1888
$450,000
5
J. & J. Jan., 1894, last paid. Ju ly 1, 1925
Meriden W a terb u ro & C o n n .— 1st m ortgage.............
100
2.500.000
U eirovolitan W est S id e E le v a te d ( o f C h ic a g o )—S tock.
1,000
1892
4.000. 000
5 g. F. & A. N.Y., 32 Nassau & Chic. Aug. 1, 1942
1st M. ($15,000,000) gold............... . i ............e&r
100 47,844,100
Mexican C e n tra l—S to c k , $25,600 per m ile...............
1,000
642,982
1881
1 st mortgage (unassented) and scrip.....................
(7) 4 J. & J. Boston, SafeDep. &Tr.Co July 1, 1911
1,000 57.021.000
Consol, mortgage, $32,000 per mile, gold....c*<fcr 1 832 1889
do
do
4 g. J. & J.
July 1, 1911
1,000 17,256,300
July 10 Boston, when earned. Jan. 10, 1939
1st consol, incomes,non-cum.($9,600p.m.),gold.c* 1 832 1889
1,000 11.222.000
2d con.inc.$6,400p.m.red. a t 50p.c.till Aug. 1929c* 1 832 1889
l gJan. 10, 1939
1,000
Ju ly 1
578.200
1881
3
Registered income bonds, unassented . . . . . . . . . . . r
Ju ly 1, 1911
1,000 14.000.
M exican I n te r n a tio n a l— 1 st M., $30,000 p . m.,g. c\fcr 573 1892
000 4 g. M. & S. N. Y., Of., Mills Build’g. Sept. 1, 1942
100 33.350.000
Mexican N a tio n a ls - Stock..............................................
1,000 11.578.000
1st M., subsidy, gold, subject to call a t 100— c* 1 Ò64 1887
6 g- J. & D. N. Y., Nat. City Bank. June 1, 1927
2dM. ser.“A,” g., inc. accum. (for $16,675,000)c*il 064 1887 500 &c. 12.265.000
6 g. M. & S. Paid 2 p. ct. Mar. 1, ’93 July 1, 1917
2d M.’ser.“B,” g., inc. non-ac. (for $16,675,000) .r 1 064 1887 500 &c. 12.265.000
6 g. April 1.
July 1, 1917
1,000
1887
3d mortgage, deb. (income not cumulative) gold.r
7.040.000 i
July 1, 1937
6 g- May 1
100
3.000.
000 text. Q .-J . N. Y., office, 42 Pine St. Oct. 20, 1894
See
M exican Northern—Stock..............
........ " 83
1,000
83 1890
1.660.000
1st mortgage, U. S. gold com, s. f. not called— c*
do
do
6 g. J. & D.
Dec. 1, 1919
100 18,738,204 See text. F. & A. N. Y. Gr’d Cent. Depot. Aug. 1, 1894
M icfiioon C en tra l —Stock..............................................
Consol, mort.—
now 1st M. ($2,000,000 are 5s). .c* 270 ’72-’82 1,000 10 .000 . 000 & 5 M. & N. N. Y., Union Trust Co. May 1, 1902
7
4
M C. Michigan Air Line, 1 st m ortgage............c&r 115 1890 l , 000&c 2,600,000
J. & J.
do
do
Jan. 1, 1940
1,000
M. & S.
M C. 1st M. on Det. & Bay City ($4,000,000)— c 147 1881
do
do
Mch. 1, 1931
5 5
do
do
do
. .. r 147 1881 l.OOO&c £ 3,576,000 ( 5
Q.-M . N.Y., Gr’d Cent. Station. Mch. 1, 1931
84 ’79-’86 1,000
1.500.000
M. C. 1st mortgage on G rand R iver Yal. R R ... .c*
6
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
39 1889 l.OOO&c
700.000
M. C. 1st mortgage on Kalamazoo & S. H av en .. .r
5 . M. & N. N. Y., Gr. Cent. Stat’n. Nov. 1, 1939
84
50
G’d River Valley stock, 5 p.c. rental in perpetuity
491.200 5 per an. J. & J.
Jackson, Mich.
July 1, 1894
1872
1,000
M. & N. N. Y., Union T rust Co. May 1, 1902
274.000
Det. & B. City bonds, endorsed, no mort. lie n .. .c
8
1873
1,000
Bridge bonds, endorsed, no m ortgage lie n ........
M. & N.
150.000
8
do
do
May 1, 1903
100
jack.Lans.& Sag. stocn, 3*2 p.c. y’rly, guar.by end. 295
3*2
2.000.
000p. an. M. & S. N. Y., Gr. Cent. Station. Sept. 1, 1894
M. & S. N. Y., Union Trust Co. Sept. 1, 1901
Cons, mortgage, assumed, extended in 1891. .c* 295 7Ì&80 1,000
5
2.204.000
1,000
250.000
Bay City & Battle C., 1st M., gold, gu.p.& i. end.c* 18 1889
do
do
Dec. 1, 1989
3 g. J. & D.
1,000
Battle C. & Sturgis 1st M., gold, gu. p. & i. end.c'
41 1889
do
do
421.000
3 g. J. & D.
Dee. 1. 1989
Joliet & North.Indiana le t M., guar. p.&i. (end.).c
45 1877
1,000
800.000
7
J. & J. N. Y., Farm. L.& Tr. Co. Ju ly 10,1907
Metropolitan West Side Elevated (Chicago).—
Organized to
build an elevated railw ay in Chicago, running from the Board of Trade
Building westerly about 6 miles, w ith branches; the total length to be
I 6I3 miles; first two miles to be four tracks, the rest two tracks, fn
July, 1894, about 10 miles had been erected. The road will be operated
by electricity. See V. 58, p. 866. The right of way is to be bought and
owned in fee, and is mortgaged to secure the bonds. Stock
authorized, $15,000,000; issued to subscribers to bonds on dual
payment of subscription, June 15, 1894, $2,500,000. Road is being
built under contract by the West Side Construction Company, and dur­
ing construction the voting power on the construction company’s stock
will be in the hands of G. C. Clark, of Clark, Dodge & Co., N. Y .; George
C. Allen, late of Busk«fejevons, N. Y., and H. L. Higginson, of Lee,
Higginson & Co., Boston. V. 55, p. 1035; V. 56, p. 206; V. 58, p. 866.
M
exican Central (Mexico).— Mop)—Mileage—Main line
(See
Mexico City north to Juarez City, 1,224 miles, 412 miles on Tampico
Division, 11 miles on Guanajuato Branch, 161 miles on Guadalajara
Division and 17 miles on the San Bias Division, 44 miles on Pachuca
Division, and branches 7 m iles; total Dec. 31,1893,1,876 miles. All
standard gauge and 56-pound steel rail.
Organization .—Incorporated February 25, 1880, under the general
.aw of Massachusetts, and also holds a charter from the Mexican Gov­
ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327.
Subsidy.—Jan. 1,1894, there was left of the subsidy in tru s t $4,027,522, to be used w henever necessary for the paym ent of principal and
interest of the consolidated mortgage bonds. In addition to which
was $3,000,000 receivable under the Tampico H arbor concession. See
further facts in Supplem ent of March, 1894.
Bonds.—The $7,000,000 priority bonds were paid off w ith proceeds
of subsidy collections, interest ceasing April 10, 1891. See V. 52, p.
390. Of these $1,403,000 have been canceled and balance are held by
Trustee of consol, mort. The consol, m ort. 4 p. c. (trustee, Boston
Safe Deposit & Trust Company) cover the entire property, all old firsts
deposited, and the subsidy earned and to be earned. (See abstract of
mortgage in Ch r o n ic l e , V. 49, d . 177.) Both series of incomes are
non-cumulative and secured by one indenture to the American L. & T.
Co. First consol, incomes received 3 per cent interest Ju ly 10,1890, and
3 per cent in July, 1891, and 1892, respectively; none since.
General F inances .—The report for 1893 states th a t the depreciation
in silver caused a loss during the year of $386,074, as compared with
the year 1892, from operations and depreciation in Mexican currency
assets. On Jan. 1,1894, notes outstanding were $1,000,000, the same
as 1893. Notes and accounts receivable, $1,709,046.
Earnings.—Mexican cur. 5 1894, gross, $4,929,763; net, $1,595,115

Jan. 1 to Ju ly 31 (7 mos.) ( 1893, gross, 4,639,491; net, 1,560,686
Annual R eport —Fiscal year ends Dec. 31. Report for 1893 was in
V. 58, p. 715, w ith earnings, balance sheet, &e. The gross earnings
below are Mexican currency, all other figures 77. S. currency. In 1893
the company received an average of only 62-02 cents for its Mexican
dollars, against 68-26 cents in 1892 and 76-74 cents in 1891.

Texas, and branch, 163 miles; other lines, 5 miles; total 1,232 miles»Gauge, 3 feet; ra il (steel and iron) 40 and 45 pounds to the yard.
Organization .—Successor of the Mexican National Railway, sold in
foreclosure May 23,1887. Owns all the Texas Mexican Railway first
and second mort. bonds and $2,453,750 of its $2,500,000 capital stock.
S ubsidy .—As to subsidy, see full particulars in Supplement for J a n u ­
ary, 1893. Total subsidy applicable to the new first mortgage bond»
was $6,003.120, Mexican money, of which in March, 1894, $2,667,434
had been paid. Receipts are applied to interest on bonds, in case of
deficiency from earnings, or to their paym ent when drawn by lot. An­
nual paym ents on subsidy from Mex. Gov. were 6 per cent of custom »
receipts, but for three years from S e p t 1,1893, this has been reduced
to 2 p. 0., the rem aining 4 p. c. to be deferred and bear 6 p. c. interest.
Stock .—Stock, $33,350,000 (par $100), placed in tru st w ith th e
Farm ers’ Loan & Trust Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classesof bonds for two consecutive years. The first mortgage bonds h a v e
two votes, the 2d mortgage, A. & B., bonds one vote each. The Mexican
Nat. Const. Co. is supposed to own a majority of the stock and $7,000,000 of the incomes. Cauital reserve fund Jan . 1,1894, held $786,004..
B onds .—The first mortgage of 1887 is a prior lien upon all th e
lines in Mexico, constructed or to be constructed, and upon the Texas
Mexican securities. The bonds are redeemable on notice a t par. Trus­
tees Hugh M. Matheson and Capt. W. G. Raoul. Original issue $12,500,000, which has been reduced to present figure bv redem ption w ith sub­
sidy of $319,000 in 1891, $305,000 in 1892 and $298,000 in 1893.
The 2ci mortgage bonds, series “A,” are strictly cumulative, and not
foreclosable while stock remains in tru st as above sta te d ; the 2d m ort­
gage bonds, series “ B,” are non-cumulative; trustees, W. G. Raoul
and J. A. Horsey; $200,000 of 2d mortgage bonds are reserved for bet­
term ents. Third mortgage trustees, C. J . Canda andH . A. Risley.
On series “ A” bonds from earnings of 1892, 2 per cent w as paid
March 1,1893. Loans and bills payable Jan. 1,1894, $39,216.
Of the 2d mortgage bonds $5,000,000 [one-half each series A and B]'
entered into a special tru st arrangem ent by which they are draw n for
paym ent w ith proceeds of certain subsidy certificates. See V. 56, p. 20,
and F inancial R e view for 1890, page 59.
E arnings —7 months, 5 1894, gross, $2,439,882 ; net, $1,012,302
Jan. 1 to July 31.
(1893, gross, 2,533,928 ; net,
916,433
Net available for interest, including earnings from Governm ent,
$574,953 in 1894 against $494,933 in 1893. Above figures are in
Mexican cuirenoy to be valued a t 80 cents on the dollar in U. S.
money, all other depreciation having been allowed for.
Annual R eport —Fiscal year ends Deo. 31. Report for 1893, w ith
the balance sheet, etc., was given in full inV. 58, p. 453, 473, 475.
Gross below are in Mexican currency, all other figures in IT. S. currency..
Mexican currency is reduced to United States currency a t 80 per cent,
all loss above this being charged off in exchange account shown below.
INCOME ACCOUNT—(U. S. CURRENCY EXCEPT GROSS EARNINGS).

1892.
1893.
Year end'g Dec. 31— 1890.
1891.
1,218
1,218
Miles operated............
1,218
1,218
Year ending Dec. 31—
1890.
1891.
1892.
1893.
Gross earnings......... $3,754,966 $4,206,422 1*4,756,030 $4,224,804
_
1,527
1,665
1,825
1,847
Av’ge miles operated._
Net earnings.............. $625,169
$892,788 f l,346,898 $1,296,096Gross earnings, Mex. cur. $6,425,694 $7,374,539 $7,963,254 $7,981,768
305,314
112,500
Net earns. Mex. c u r........ $2,424,524 $2,694,750 $2,961,467 $2,845,588 Subsidy receipts........
Do do in U . 8. c u r .... 1,978,157 2,068,013 2,021,515 1,764,823
Total net income..
$930,483 $1,005,288 $1,346,898 $1,296,096
Subsidy aco’t in U. 8. cur. 601,127
300,000
500,000
500,000 Int. on I s t M. bonds..
$809,500 $738,835
$720,185 $702,130
Miscellaneous in U. 8. cur.
17,953
............
7,170
............ Exchange.....................(er.) 14,671 loss 51,796
248,622
434,242
Mise., bet’m’ts, etc..
135,654
360,341
132,598
137,156
Total net income.........$2,597,237 $2,368,013 $2,528,685 $2,264,823
Interest on bonds............. 2,434,581 2,321,180 2,667,769 2,226,962
............ df.$145,684sr.*$245,493 sr.$22,568
Balance.............
Miscellaneous............... .
261
39,374
16,387
* Paid 2 p. c., $243,290, on 2d mort. A in March, 1893,
Balance ............. .......... sr.$162,395
$7,459 tfdf139,084 sr. $ 2 1,474 —(V. 57, p. 11; V. 58, p. 4 5 3 , 4 7 3 , 4 7 5 , 512.)
Mexican Northern.— from Escalon, Mexico, on the Mexican
Owns
1i Balance to credit of income account Dec. 31,1893, was $76,219.
Central Ry., to Sierra Mojada, 83 miles, all steel, completed Ju ly 1891.
-(V. 56, p. 7 3 4 , 7 5 2 , 973; V. 58, p. 7 1 4 , 7 5 5 ,7 7 3 , 776.)
D ividends .—From February, 1892, to November, 1892, both
Mexican International.
—(See Map Southern Pacific)—R oad—
Owns in Mexico a standard gauge road from Ciudad Porfirio Diaz, on inclusive, 1*2 per cent quarterly (6 p er annum.) In February, 1892, an
2
Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 extra dividend of *2 per cent was paid. In 1893 paid in March 1 * ;
2
miles, with branches, 33 miles. Completed in October, 1892. E xten­ in June, 1 * ; Oct., 1*2 per cent. In 1894, Jan., l^a; April, 1*2 pe r cent;.
sions are under construction. Capital stock Deo. 31,1893, $16,975,- July, 1 per cent; Oct., 1 per cent.
000. Trustee, M etropolitan T rust Co. of N. Y.
B onds .—The m ortgage of which the State T rust Co. of New York i»
Earnings—6 m onths, 5 1394, gross, $1,062,363 ; net, $457,749 trustee, is for $1,660,000, of which $135,000 bonds have been purchased
Jan. 1 to Ju n e 30.
(1893, gross, 1,069,283 ; net,
304,170 for the sinking fund. The bonds are not subject to call.
E arnings .—Jan. 1 to Ju ly 31,1894 (7 months), gross, $371,111; net,.
Annual R eport .—Report for 1893 was in V. 58, p. 593, showing gross
earnings on an average of 573 miles, $2,050,934 (Mexican currency); $195,287. In year end. June 30,1893, gross $1,160,148; net, $566,673.
net, $749,540; exchange on purchases in United States and duties,
M i c h ig a n C e n tr a l .—(See Map adjoining New York Central'
net, $93,260; total, $842,800, equal in U. 8. currency to $561,867; page.)—L ine op R oad .—Main line—Kensington to Detroit, 270 m iles,
other income, $64,651; total, $626,518; deduct interest, &c., $577,477; ana Windsor to Suspension Bridge (Canada Southern), 226 miles^
balance, surplus, $49,011. In 1892 gross, $2,095,726; net, $766,815. total m ain line, 496 miles. Branches owned and leased 1,124 m iles;
President, C. P. Huntington, N. Y. City. New York office, 23 Broad trackage 111. Cen., 14 miles; to tal January 1, 1894, 1,634 miles.
St. (V. 56, p. 8 1 1 , 834; V. 57, p, 179,181; V. 58, p. 593; V. 59, p. 371.) There are 244 miles of second track and 839 miles of side tracks.
Mexican National.
—Owns narrow gauge road from Laredo
Organization , L eases , &c.—The Michigan Central was chartered in
to City of Mexico, 842 miles; Acambaro to Patzuaro, 96 m iles; El 1846; the whole line, D etroit to Kensington, was opened in 1852. The
Salto branch, 45 miles ; M atamoras to San Miguel, 76 miles ; sm all lines described above as leased are all held by the Michigan Central
branches, 5 miles ; to tal owned, 1,064 miles ; controls through owner­ nominally under leases a t fixed rentals, b u t are practically owned. Toship of stock, Texas Mexican Railway, Corpus Christi to Laredo, enter Chicago uses the Hlinois Central under a perpetual lease.
INCOME ACCOUNT—(U. S. CURRENCY EXCEPT AS INDICATED).




8S8

USYESTOKS’

SUPPLEMENT.

LVol. L1X

Subscribers will confer a great favor giving Immediate notice any error discovered, in these
by
of
Tables
RAILROADS.
INTEREST
Bonds—Pi5öT
Miles D ate Size, or
Amount R ate per When
F o r explanation of column headings, &c., see notes of
of
Par
Where Payable, and bv pal,When Due.
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Last
Whom.
Dividend.
Middle Ga. <• Atlantic—Stock, $12,000 per m ile_
£
_
Mortgage, $18,000 per mile, g o ld ......................... ....
Middlesborough Belt—ls tm o rt. for $1,000,000
c
16
Middlesex Valley—Stock................. u......................
22
1st mort., $600,000, gold, ($20,000 per m ile). .c*
22
Middletown tin. < ff. Gap—IstM ., ext. in ’86........e*
t
13
2d mort. guar, interest, reduced to 5 per cent...c*
Milwaukee Lake Shore & Western—See Chicago & N o rt
Milwaukee < Lake Winnebago—Common stock....... 100
£
Preferred stock, 6 per cent, cum ulative.......... .
1st mortgage, gold.................. ....................... ...... o*
66
Income mort. (cumulative), gold, interest paid.o*
66
Debentures, convert., gold, see rem arks.......... .c*
Milwaukee & Northern—See Chicago Milwaukee & St. Pa
Mine Hill < Schuylkill Hav.—Stock (7*2 p. ct. re n t’l)
&
53
Mineral Range—New consol. M., gold, red. atl0 5 ..c
17
Minneapolis < St. Louis—
£
Common s to c k ...................... .................................
Preferred s to c k .................................... ................
1st M.,Minn, to Merriam Jc .......................... "c*
27
lstm o rt.. Merriam Junction to State Line,gold.c*
93
IstM . Mmn.&Dul.,Minn.to White B.Lake..........*
15
Iowa exten. 1st M., g. (Al. Lea to P ort Dodge). .c* 102
Mort.on Southwestern extension($12,000 p.m.je*
53
Pacific extension 1st mortgage, gold..................e*
92
Bonds to be re ired by reorganisation—
2d M., income, gold (W hiteB’r to Ft. Dodge)*...o* 224
Consolidated m ortgage.............................................
Imp. & equip. M., 1st < 2d ser., jun. lien on road.c* 360
fc

$100
1,000
1,000
100
1892
1,000
1866 100 &e.
1871 500 &C.
1892
1890

h -W es

1882
1882
1884
ul.

__

1891

__

1877
1877
1877
1879
1880
1881
1880
1882
1882-7

TERN.

50
500
100
100
1,000
5Ö0&C.
1,000
1,000
1,000
1,000
1,000

Canada So u th er n Contract .—In Nov., 1882, a close contract was
m ade w ith Can. So. for the operation of its road. The contract provided
lo r a re-apportionm ent every five years and in the re apportionm ent
December, 1892, it was agreed th a t the Canada Southern snould there­
a fte r receive 40 per cent and the Michigan Central 60 per cent of the
first $1,000,000 ol net earnings, any am ount over th a t to be divided
a s theretofore—one-third to C. S. and two-thirds to M. C. Y. 55, p. 1078
Ca pit a l Stock .—The stock has remained a t same am ount since 1873
D iv id e n d s since 1882—In 1883,5; in 1884,3; in 1885 and 1886, nil; in
1887 and 1888, 4; in 1889, 4 ; in 1890, 5 ; in 1891, 5; in 1892, 5*2; in
1 8 9 3 ,5 ^ p. c.; in 1894, Feb., 3*2 per cent, of which l 1 extra; Aug. 2 p.c.
^
B onds .—The Jackson Lansing < Saginaw bonds were assumed by
£
Michigan Central, which also guarantees in perpetuity 3 *2 per cent on
the stock. The B ay Gity & Battle Greek m ortgage is for $1,800,000,
b u t am ount outstanding is lim ited to $15,000 per mile. The
total issue of Battle Greek & Sturgis bonds is $500,000, but
■of this $79,000 was sub-guaranteed by the Lake Shore & Michgan
Southern, 7 miles of the B. C. & S. being operated by th a t company
The Bay City & B attle Creek and the B attle Creek & Sturgis issues both
•carry the guaranty of th e Michigan Central endorsed on the bonds.
Oper a t io n s , F inances , &c .—The road is operated under a close con
tra c t w ith Canada Southern, and the earnings of both roads are included
m the statistics below. Nothing has been charged to either the constructioi. or equipm ent account since 1883, w ith the exception of land
for right of way and term inals. All betterm ents and improvem ents to
th e road have been charged to operating expenses.
L atest E arnings .—Jan. 1 to Ju n e 30 (6 months).
Gan. So. Mich.Gent.
45 Months. Gross.
Net.
ln t., rentals, etc. share.
share.
1894....$6,169,000 $1,740,000 $1,200,000 $152,000
$388,000
162,000
403,000
1 8 9 3 ---- 7,550,000 1,765,000 1,200,000
A nnual R eport .—Fiscal year ends Dee. 31. Annual m eeting is held
on the Thursday following the first Wednesday in May. Report for
1893 was in V. 58, p. 773.
Tear ending Dec. 31— 1890.
1891.
1892.
1893.
Miles operated...........
1,609
1,609
1,639
1,634
Dross earnings.......... $14,490,711 $15,162,960 $15,908,292 $16,178,031
Operating expenses.. 10,731,754 11,107,569 12,046,095 12,287,792

Net earnings. . . . .
P. 0. op. ex. to earns..
N at,incl’g other in o ..
Rentals p a id ......: ..
In terest on debt.......
Can. Southern share.
Dividend's............... .

$3,758,957 $4,055,391 $3,862,197 $3,890,239
7406
73-25
75-72
75-95
$3,816,450 $4,114,019 $3,908,995 $3,936,029
$184,310
$184,310
$184,310
184,310
>2,270,022 2,254,977 2,220,054 2,217,494
355,633
446,776
380,712
456,648
(5) 936,910(5ia) 1030601(5^2)1030601 (5* )1030601
2

Surp lu s................ def.$65,148

$197,355

$93,318

$46,976

* Balance to credit of income account Dec. 31,1893, was $2,437,043
—(V. 54, p. 742, 760; Y. 55, p. 4, 21, 1078; V. 56, p. 403, 500, 7 5 2
1057; V. 57, p. 6, 1065,1083; V. 58, p. 7 7 3 , 1073,1092.)
Middle Georgia d Atlantic
e
—Owns from E atonton to Covington,
Ga.j 44 m iles; operates Milledgeville & E atonton RR., 21 m ile s; total,
65 miles. Extension 7 miles to Covington, Ga., was completed in 1894.
Stock and bonds all held as security for a loan of $185,000. None sold
in March, 1894. Sold in foreclosure Sept. 11, 1894, to H erm an Myers
a n d others for $195,000. Projected from Savannah to A tlanta, about
236 miles.—(V. 53, p. 126; V. 59, p. 291.)
Middlesborough Belt.—
Road around City of Middlesborough,
Ky., 11 m iles; branches to coal mines, 10 m.; sidings, 7 m.; total, 28
aVopened Ja n u a ry 1,1891. Capital stock authorized, $1,000,000;
par, $50. There are car tru sts outstanding. Ju ly 1,1893, interest was
not paid and in Oct., 1893, J. H. B artlett was appointed receiver. In
1892-93 gross, $25,816; net, $2,742.
Middlesex Valley.—
Opened for business in October, 1892, from
Naples, N. Y., n orth to Stanley, N. Y., 22 miles, e x ten sio n projected
40 Geneva- In 2 mos. ending Ju n e 30, ’93 gross, $22,643; net,
Middletown Unionville & Water Gap.— Map N. T. Sus­
(See
quehanna < Western.)—Owns from Middletown, N. Y., to Unionville,
6
N. J . State line, 14 miles. Stock, $149,850; par, $50. Is controlled
through ownership of stock by New York Susquehanna & Western,
which pays interest on bonds. In year ending June 30, 1893, net
income from operation, $21,192, against $13,921 in 1892; deficit under
fixed charges, $835, agst. $7,842; to tal deficit Ju n e 30,1893, $278,958.
MilwaokeeLiike Shore& Western.—
Merged into Chicago &
Northwestern RR. Co, Sept. 1,1893. V. 57, p. 375. See Y. 56, p. 792.
M l.w»Y.kee & Lake Winnebago.— Neenah to Schleisin*
Owns
geryille, Wis., 65 miles. Leased for 99 years to Wis. Cent, a t 37 Lj per
cent of gross earnings as re n ta l; b u t after $175,000 per year is re­
ceived, the balance of n e t earnings is to be equally divided,
D iv id e n d s .—Preferred has paid regularly 9 per cent per annum,
being regular preference of 6 per cent, and on account of accrued back
dividend an additional 3 per cent. In February, 1893, an extra divi­




5
6

J. & J.
J. & J. Jan., ’93, coup, last pd.
5 g. M.
N. N. Y., Central Trust Co,
5 g. M. & N. N. Y., N. Y. Susq. & W.
5
J. & D.
do
do

520.000
780.000 See text. F.
1,430,000
6 g. J.
520,000
5 g. J.
244,000
6 g. A.

100
1,000
1,000
1,000

1,000

See text.
See text.
$552,000
500,000
440,000
150,000
250.000

&
&
&
&

A.
J. N.Y., 36 WaH St. & Bost.
J.
do
do
0.
do
do

4,210,200 J.3 i2Ju 4 J. & J. Phila.,Office, 119 S. 4th.
340,500
fe
5 g. J. < J. N. Y., Third Nat. Bank.
5,769,700
4,000,000
455,000
7 g. J.
J. July, ’94, pd. when due.
950,000
D.
7 g. J.
See text.
280,000
7 g. M. & N. Last paid May, 1894.
1,015,000
7 g. J. & D. Last paid June, 1894.
636,000
D. June, ’88, pd. Aug. ’94.
7 g. J.
1.382,000
6 g- A. & 0. Last paid April, 1894.
500,000
J. Last paid Jan., 1888.
7 g. J.
108,000
6
J.
J. Ju ly ,’90, pd. Aug. 15,’94
3,887,000
6
J. & J. July,’90,pd. Aug. 15,’94

July 1 , 1930
Nov'.'ï/Ï9 4 2
Nov. 1, i 9 u
Dec. 1 , 1896
U\g-'Ï,''Ï894
July 1 , 1912
July 1, 1912
APr- 1, 1904
July 16,1894
Jan. 1, 1931
Jan. "ï," Ï90'
June 1, 192'
Jan. l, Igo'
June 1, loot
Dec. 1 , 19!,
Apr. l, 192:
Jan. 1, 189;
Jan. 1 , 192;
July 1, 192!

dend of 10 per cent on account of accrued back dividends, of whir»*
| only $5 00 per share rem ained unpaid in June, 1894.
B onds.—Debentures Nos. 1 to 200 are convertible on any coupon
into preferred stock, and Nos. 201 up into common; the lessee navs in
terest on them during first ten years a fter issue.
^
R en t a l , E tc .—Rental in 1892-93, $204,324; in 1891-92, $200 843- in
1890-91, $198,591. In 1892-93 gross receipts were $207,759; net over

expenses and taxes, $200,465; interest on bonds, $ 1 1 1 ,800.

M i n e r a l R a n g e . —Houghton, Mich., to Calumet, Mich., 15 m iles •
branch, Franklin Station to Franklin, 2 m.; total, 17 miles (3-foot gauge!
H isto r y , E tc .—Operated in close connection w ith Hancock & Calumet
(whichsee.) Reorganized in 1891. Capital stock, $400,000; par, $100
B onds .—The consolidated m ortgage covers all the propertv. including
$250,000 of Hancock & Calumet stock, which is five-sevenths of the
whole issue. Mortgage is for $600,000, of which $252,5d0 are in com
pany’s treasury and $7,000 w ith trustee.
L atest E arnings —From Jan . 1 to Jan. 31, 1894 (1 month) cross
$23,539, against $22,514.
sross’
In 1893 gross earnings, including operations of Hancock & Calumet
were $304,767; net, $106,177. In 1892 gross, $314,329; net, $117 878*
President, W. F. Fitch, Marquette, Mich. Secretary, Geo. H. Church E
William St., N. Y. (V. 54, £ 557; V. 55, p. 1110.)
en’45
M i n n e a p o l i s & S t .L o u i s .—Owns m ainline, Minneapolis to Angus
la., 259 m iles; Pacific Division, Hopkins to Morton, 92 miles - Kalo
Branch, 2 m iles; Lake P ark Branch, I t s m iles; total operated, 354t>
miles. Leases trackage from Minneapolis to St. Paul over St. Paul &
Northern Pacific R ailroad; also owns from Minneapolis to White Bear
12 miles, which is leased to the St. Paul & D uluth Railroad.
’
H isto r y , D e f a u l t , E tc .—This company w as organized in 1870 The
Jan., 1888, coupon on equipm ent bonds went to default. W. H. Truesdale, President, was appointed receiver in June, 1888, in the foreclosure
suit under im provem ent and equipment mortgage. See V. 56, p. 538.
In August, 1892, the stockholders appointed a committee consisting
of F. P. Olcott, August Belmont, W. A. Read, W. L. Bull and J. Ken­
nedy Tod to protect their interests. A m ajority of the stock is depos­
ited with the Central T rust Company. Most of im provem ent and equip­
m ent bonds are owned by the Rock Island. V. 58, p. 1109.
Foreclosure sale under im provem ent and equipm ent mortgage is or­
dered for October 11, 1894.
s s
B onds, E tc .—Bonds issued under the mortgage due June, 1927, num­
bered from 1,101 to 1,400, for $500 each, additional to those above,
were assumed by the Burl. Cedar Rapids & Northern RR.
The rental from the St. Paul & Duluth RR. Co. is applicable by orderof court to coupons on Minn. & D ulutn bonds, due May 1,1907.
PAYMENT OF Coupons .—On Ju ly 1,1894, coupons due and unpaid
am ounted to $1,588,687. The table gives the date of the last coupon
paid on each of the several issues of bonds, Paym ent of coupons in
default has included interest accrued to date of payment. See pay­
m ents V. 56, p. 164, 753; V. 57, p. 683, 979, V. 58, p. 127.
R eo rganization . —August, 1894, plan of stockholders’ committee
(see V. 59, p. 371) provides f o r a new company w ith securities as fol
lo w s:
$2,500,000 first preferred 5 p. c. cumulative stock.
4.000. 000 second preferred 5 p. c. non-cum. stock.
6.000. 000 common stock.
10,000,000 first consol., 40-year, 5 p. c. gold bonds, of which are reserved
$4,718,000 for underlying m origage, the rem ainder to pay past-due
coupons, to retire or acquire certain outstanding bonds, and for ex­
penses, etc. By foreclosure or purchase it is proposed to free the
new company from all liability on the consols of 1882, the improve­
m ent an d equipm ent loan and the second m ortgage incomes.
The plan also calls for an assessment of $25 per share (of which $10
by Sept. 17) on old preferred and common, the $2,500,000 new 1st pre­
ferred to be issued therefor. E stim ated fixed charges under plan are
•p580,540 per year. A guarantee syndicate will purchase outright
$5,000,000 of tlie new 40*year 5 per cent bonds, and will pay the assessm ent and take the place of non-assenting stockholders. See V. 59, p. 371.
E arnings—1 m onth, >1894, gross, $112,331; net, $39,228.
Ju ly 1 to Ju ly 31,
51693, gross, 140,025; net, 46,134.
Tear ending June 30—
1892.
1893.
1894.
Annual R eport .—Fiscal year ends Ju n e 30. Report for 1893-94 was
given in Chronicle , V. 59, p. 513.
$1,974,498
$1,708,871
Gross earnings.......................... $1,985,033
Net e a rn in g s .............. ........
798,432
706,813
656,412
Total n et income.................
925,724
845,174
813,621
Rentals paid..............
61,797
62,554
63,657
Interest paid during y ear.......
35,525
.......
Balance, surplus.........................*$828,402
*$782,620
*$749i964
*Additional expenditures for im provem ents, equipment, &c.,$269,294 in 1890-91, $247,230 in 1891-92 $271,576 in 1892-93, $36,215 in
1893-94. In 1893-94 there was paid as interest on bonds $896,070
from accumulated surplus in receiver’s hands.
—(V. 56, p. 127,164, 502, 538, 668, 753. 792; Y. 57, p. 217. 255, 596
683, 979; V. 58, p. 127,1109; V. 59, p. 116,152, 332,.371, 453, 513.)

BONDS.
AND
RAILROAD™ 8TOCKS



84

INVESTORS’

SUPPLEMENT,

V o l . L1X.
^Subscribers will confer a great favor by giving Immediate notice of any error discovered
these Tables.
_________ RAILROADS.
|
|
------------------------------INTEREST OR DrVTDEisma
Miles D ate Size, or
Bonds—
PrinoiFor explanation of column headings, &c., see notes of
Amount
7
of
P a r Outstanding " a te per ---------- ---------------pal.Whdi Due.
When
on first page of tables.
Road. Ronds Value.
Cent. Payable Where P,aXable. and by Stocks—
Last
Whom.
Dividend.
& Sault Ste. Marie.—Common stock
$100 $14,000,000
Preferred stock, 7 per cent, non-cumulative_
_
100
7.000.
000
Minn. Sault Ste. Marie & Atlantic 1st M. gold c 495 1886
1,000
8,280,000
Minneapolis & Pacific. 1st mort., $15,000 p. m. c’ 286 1886
N. Y., Morton, B. & Co
1,000
3.216.000
t gJuly 1, 1926
Consol. M., gold, int. guar, (end.)—See te x t... c* 970 1888
do
do
1,000
Jan. l , 1936
14.284.000
4 g.
Income certificates.................
do
do
1890
771.000
Car tru s ts .......................................... ..........................
July 1, 1938
July l 1900,
303,905
Mississquoi Fa«cy—Stock, i ’p.'c." rental Ceut." Vt ’
New York & Chicago.
28
500.000 4 per an.
1896 &’1897
Missouri Kansas < Texas.—Common stock............"
6
St. Albans, Vt.
100 47.000.
000
July 2, 1894
Preferred stock, 4 per cent non-cumulative!.......
100 13.000. 000
* Neosho 1st m ort., gold, s. f., red. a t 100 . 100 1870
1,000
187.000
7 g. J. & D. N. Y. Office, 45 Wall St,
M. K. & T. 1st mortgage, g old ...............
1,601 1890
June 1 , 1903
J. & D.
2d m ortgage, (income till Aug., 1895) gold!....... 1,601 1890 500 &c. 39.813.000
do
do
8‘
June 1 , 1990
Kan. City& Pacific 1st mort., gold, int.gu. end c* 125 1890 500 &e. 20 .000 . 000 Î g- F. & A. £ eb;>’94, coup, was pd. June 1 , 1990
A g. F. & A.
1,000
2.500.000
4
Dallas & Waco 1 st M .,$20,000p.m.,g.,p.&i. gu.c*
Office, 45 Wall St. Aug. 1 , logo.
67 1890
1,000
1.340.000
M. & N. N. Y.,do
Mo. Kan. & E astern 1st M., gold, gu. p.&i (end 1 c* 162 1892
do
g
>
Nov. 1 , 1940
1,000
4.000.
000 I g- A. & O
2d M. for $500,000 gold,’ g u a rfp .& ll (end.)!
do
do
5
162 1892
Apr. 1 , 1942
1,000
500.000
A.
M.K.&T. m Texas 1 s tM.,$20,000p.m., gold, gu c* 132 1892
do
do
« g< M. & O
Apr- l , 1942
1,000
2.635.000
& S,
5 g.
BooneviUe Bridge, 1 s t M.. gold., gu., dr’n a t iOO c*
do
do
1873 $& &
»opt. 1, 1942
666.000
7 g. M. & N,
do
do
w i / companies operat’d separately—
May 1, 1906
H hf ^ f V r * :“ -*$20,000p.m.g. ,gu.,p.&i. (end.) c* 155 1893
hw
1,000
1.200.000
5 g. . & D,
8. w. Coal & Im p IstM . guar. p. & 1. end. s. f. in ’99,
do
do
1889
1,000
June 1 , 1943;
800,000
6
.
M ts s e u n P a n n c -fto c k , $55,000,000 authorized.
do
do
100 47,436,575 See text, Q & J,
1929
—J. N. Y., Mercantile Tr. Co.
Pac. RR. of Mo. 1st mort., extended in 1888, gold 2*83 1868
1,000
July 15 ,1891
7.000.
000
F. & A.
do
2d m o rt ext. in 1891 in gold, St. L. to K. C. c* 283 1871
do
i g J. & J.
>
1,000
Aug. 1 , 1938
2.573.000
do
do
i 8i X ’»« LoP,s real estate, ext. in 1892, gold.
1872
£ g&c.
800,000
July 1, 1938
do
^ arondelet Br., g., gu. p.& i.(end.)ext.’93 13 1873 500500
do
Al5 g. M. & N.
May 1 , 1938
245.000
4*8 g- A. & O.
do
^dM . (covePg all property of Pacific RR. of Mo.) 296 1876
do
1,000
Oct. 1, 193 &
3.828.000
7
M. & N.
do
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
55 1880 '500 &e.
do
Nov. 1, 1906
650.000
5 g. F. & A.
do
Consolidated mortgage, $30,000,000, gold c* 1 076 1880
do
Aug. 1 , 1920
1,000 14,904,000
6 g. M. & N.
do
do
Nov. 1, 192©'
St. Paul Sc Sault Ste. Marie
.—(See Man
Owns Minneapolis to Sault Ste. Marie, Mich., 491 miles • branches’
Item Minneapolis northw est to Kulm, No. Dak., 308 miles'
Hankinson to International Boundary Line, No. Dak., 342 miles • track'
age in Minneapolis, 8t. Paul, etc., 19 m iles; total, 1 175 miles P x+au
“ i® »Prthwesteriy t.o the International B o u n d a ^ was com plS edX '
Sept., 1893, connecting with the Canadian Pacific.
^ompieteatm
s ^ iT T
«°^YV7F?rnl ed*l nn<h 1888' by consolidation of the Minneapolis
46V n S^ i s M
|oQe\ & Atlantic P1« Minneapolis & Pacific, etc. (See °
»
46, pp. 538, 609.) Controlled m the interest of the Canadian Pacific.
Stock .—After 7 p. c. on pref., common and preferred share pro rata,
Can. Pac. guarantees by endorsement 4 per cent interest
v ^i n T
7S ? t lng to a reduction of interest to 4 per cent (See
t
bonds and^praTticai^r ¡o f nf tbe other issues the Minneapolis .& Pacific
one‘lialf assented. V. 54 p. 799
r
n
Minneapolis Sault Ste Marie < A tlanticmortgage in V 45
£
gage absteactC R n m r r ^ ^ ei ^ 18^ . (trustee, Central T rust Co., mort^

i»ai?^w>im ^1 i ^ 9 |2 8 7 . rUS*0 M ai
^

life?

o S d S i f r a s s ? f;r i r '& '
8

«*

N ovem bei

c l ? ? “ 41“ * “

4 the St. Louis extension was opened for regularry f i§94,Th on Mar?h
4 thffSf11r anisa«tefr line was C0mpleted in Ja n u a traffic and §
for year 1893-4 will
*2
§-A
due O a iad lal interest and rentals (if earned) $ 800,000 be about ^ ’200 nnn°.bH tor?
on second mortgage
00,000 5 lnterest
Sherman Shrevep’t & 8outh’n bonds.for $1 050 000 wata in «,0

1893'

V y e 7 ““of f «
L i
V
*
3
9
s
«
’

surnlus «108 QS-f Tu8 i om
5 S . 72f^995?V .

not exceeding^folooC^per^xm ie s^ au th o rS ^ f^^io o ^ O O o ’19?
at
$2,050,000 pledged under the m ! k .& T m o T t^ ™ % ? 2 £ ? 0’ ,? L wbicli
000 issued to M. K. & T. for standard-iai^?nlg th« L 18^90i and $1,050,E ast Line & Red River. See btfow. The f in f i s ^
foriuerly the
I he Southeastern Goal < Improvement Oo
6
d separately.
The company’s propertv^^includes
nnn ^;^H 011t8 are, guaranteed.
Denison & Washita R ^ 1S miles mines
1l i ld8’ tbe
the direct revenues in vear 1892-03 it is 001
epera,tion, etc.,
m eet the Interest on the Ironap The m W te JIfi* S ? r| l ooo S
to

»

’ $ 81 '? 1 0 ; sundries,$67,627; balance
^ .5 8 6 ,8 2 1 ; net, $1,026,174. (V

Coal S r i s t ^ I s ^ ^ O O O O D ^ sab^ r i b e ! a tP f o r ^ O OOO S. W.
70
be applied to im provem ents.

os’ "ae proceeds toK a n s a s Sc Texas.—
(See M ap.) R o a d _The lines
clearly shown on the m ap, embraced Jan . 1 , 1 ^ 93 , the foll'owing:
$ ^ 9 4 2 ,^ 5 4 ^ ^ in ^ t $6^293 Ip fl
w f ’ 7 ’ 18i94 i 8'4 months), gross
Lines owned and controlled. Miles. St. Louis E x te n sio n ............... 157 $10,370,325 a |a in s \ $9,838,074 te 1892‘ In caleudar year 1893 grossH ’nnibal,Mo.,to Ho’ston,T ex.l ,005 Sundry b ra n ch e s............... .... 324
Denison via Greenville to
Hillsboro.............................. 172
Total operated Nov., 1893.1,945
Parsons, Kan., to June. C ity.. 157
Operated separately.
the interest paid Inohulm i *400,000 ( ¿ ^ f i e M i 'o S a a m 2r t g ^ e “ °T ’
K ansas City & Pacific Ry,—
Sherman Shrev. & Southern—
Stevens, I.T ., to Paola,• Kan. P S
.. „ . ff
H
. ■ 130
J ’ffers’ntoGreenv.,Tex.,& c. 155
.........
4 t^
4 '
,) S 9 3
J® X a ip e ^ “ |- rt
Holden B ra^h,°54m ilesfovraed
leased to M Pac., and not included in above mileage
O.

i ? 2" ts ! 2.ea 2“ ln.?8: : : : : ; ........ f e W l z
e?
Mail, express, e tc ..................
’515,252

H ,U ton i
< S

5? w'

7,319,912
560,382

7,876,357
614,847'

Gross earnings....................... $9,352,491
Operating expenses and taxes $6,583,842
Net earnings, incl. oth. income 2,774.578
In terest on bonds and rentals.
Renewals, JMStm'
............

$9,750,563
$7,317,493
2,433,070
2,259,827

$10,388,191
$7,810,734
2,597,490»
2,359,443

to‘^ 9 If ‘7 iQI'i,h S T S ei S " * lz2 1
wi t hout foreclosure, [plan
The “MPK ’ ^
71^ ^
m ortga^® bemg Paid off a t par.
LP
o< * 8,000.00b
2 K
i a 8¥e™ e X
»a
0e S i K
a
w® V the Mlss0uri Kansas & E astern see below.
P' 298'
& T - owns entire capital stock of the Galveston Houston x,
Henderson, operated under lease by International & G reat Northern,
tJ?ANT-~Band grant in Indian Territory 3,110,400 acres sub
iect to extinguishm ent of the Indian title. (V. 55, p. 937 .)
’ ”
«iSnnn^»‘!v*B .si<i e8 sto^ as above the BoonviUe RR. Bridge Co has
$ 1 ,000,000 stock—p a r $100; the Dallas & Waco h a s « 6vn <§in 0+^1
? a| ^ , a n d Sherman^Den. & d X s | ioo !oOO; J n i S e ° d by M .V
® t* tn its balance sheet in the outstanding capital.
T m r c o m m v f 8»

b
k

S

S

i , T ” ?„8 0 i a 5 % e r, .

?

«

&

/ flrst m °rt9affe of 1890 (trustee Central

H

ir S

w

t„RM:

94,300

Balance, surplus.
$78,943
$238,047
P*
873, 579, 819; V. 57, p. 91; V 57 d 256 298 3 Ai
763, 764,786, 8 0 5 ,8 5 3 ; V. 58, p. 223, 430, 476.)
’ 98’ 4 ’ 375’
Missouri Pacific.— —The lines operated are as follows
R oad
Lines owned and controlled. Miles. Leased hues and trackage. Miles.
St. Louis, Mo., to Omaha,
S
Neb......... .... . . . . . . . . . . . . . . . . 495 BoonviUe St. L. && outhern... 44
Osage Div. M. K. T
54
Pleasant Hill to Joplin, Mo.. 133 Verd. Valley Ind. & W est........ 81
12 branches owned..........
445 Leroy & Caney Valley.............. 52
P roprietary lines [entire st’e k '
K ansas City & S. W .............. 48
own’djform’gline to Pueblo,
Col7, eJ
tc..T.f.7!t!!.”7 . t r owiV,,l 833 I Trackage to St. Joseph, e tc .... 29
Total Mo. Pacific and branch lines Dec. 31,1893
3 214

S
Mo. Pacific loansP The
Pra otically all pledged to secure
AiflA ^ be I ? 31 M ountain stock is mostly owned by the
Northern was secured ^ 1 8 9 2 . T e e V. 54 , ^ « g g ^ ^ a t i o n a l & Great
1 Q i? C £ V nor7a86 ° i stooli: to $55,000,000 was authorized in Tulv
S 7
J
1890, and mayvbe made as stockholders from tim e w tim e M-cwsrnune*
to w
tv,,™ ____
wuf? determine.
M is s o u r i

j bT
from^Oct
branch.houds were extended for 45 years
^O iO O O .W ^trustees ^ o h ^ ^ F ^ T m o n a T E d S r d D ^ f c s - t h e
18 m , ^ e bands of trustees to redeem prior bonds as
t m? tall due if deemed best. See abstract of mortgage in V 47 d 287
T e o l 62 mae8- 116 m ortga«a ” " < * » . 0« :
trust bonds due 1917 (Union T rust Comnanv of New
^
of uew roads a t $ 12^000
°r
^ b e , these embracing the line from F o rt Scott Kan
Pueblo, Col., etc. F or securities pledged, etc., see V. 46, p. 678.

™ S e 6 Bo2L f a ° c K“ r a c s i
0iTv ^ d interest on Dallas & Waco bonds (issue limited to $’l 340 000)
>!]Q

¡¡Sfas^saaiWas s s a s S ®



S e pt e m b e r , 1894. J




EAILB O AB

STOCKS

AND

BONDS.

MAP OF THE

M I S S O U R I,

KANSAS & TEXAS
R A IL W A Y .

85

86

INVESTORS’ SUPPLEMENT,

[V L LIX.
O .

Subscriber» will confer a great favor by giving Immediate notice of any error discovered in tbese
Miles
F or explanation of column headings, &o., see notes of
on first page of tables.
Road.
Missouri Pacific—( Concluded.)—
Gold collateral tru st bonds ($15,000,000)._. c*&r 1,120
1st collateral m ort. bonds for $10,000,000 gold.o1 671
1
Ler. < Caney Y a l.lst M. ($10,000 p.m.bgold^gu.c*
fe
52
Verdigris Val. Independence & W. 1 st M.,g.,guar.
81
Missouri Pacific System—St. Louis Iron. Mt. < So...
£
8t. L. IronMt.& So.lstM ., extended a t5 p.c.in’92.c 210
2d m ort., gold, $1,000 or £200, a t hold, opt’n.c* 310
Arkansas Branch 1st mort., land grant, gold.c
99
Cairo Arkansas & Texas lstmortgage,gola.c*&r
71
Gen. consol. & land gr.M. ($45,000,000), gold.c* 1.428
Bo
do
gold, stamped, guar. p. < i..o* 1.428
fe
Car trusts, Dec. 31, ’93, due 10 per cent yearly
1st prif. income bonds c u m u lativ e.................. r
Baring Cross Bridge Co., 1st mort., gold...........
Kansas < Ark. Val. 1st M. $20,000 per m., gold.. 165
fe
Little Rock &Ft. Smith 1st M.,land gr. sink.fund.. 165
Little Rock June. IstM ., guar, p.&i.by Iron Mt..c*
2
Mobile < Birmingham.—Stock............................... . .
&
Receivers’ certificates (authorized $263,000)..’..
1st, ($20,000 per mile) gold, guar. p. & i .......... c&r 146
2d mortgage for $1,500,000, gold........................... 146
Mobile < Girard—1st mortgage ($200,000 are 6s).c
t
85
Consol, m ortgage for $4,000,000............................ 122
Mobile < Ohio—Stock ($10,000,000 authorized) gold
6
IstM.,Mob. to Col. (prin.gold,int.lawfulmoney).c* 472
1st m ort., exten.,Colum. to Cairo ¿branch,gold.c*
55
General mort. for $10,500,000, land grant, s. f. .c 527
Equipm ent bonds.......... ...........| ..............................
Moh.&Mcdone-lst M.,$15,000p.m.,g.,gu.p.&i. (en.)c* 181
_
Income bonds non-cum., 5 per cent (see tex t)_
M o n o n g a h e la R iv e r —Be e B altimore & Oh io .

INTEREST OR DIVIDENDS.
D ate Size, or
Bonus—PHneT
Amount R ate per When
of
Par
When Due.
Bonds "Value. O utstanding Cent. Payable Where Payable, and bv Stocks—
Last
Whom.
Dividend.
1887 $ 1,000 $14,376,000
1890
1,000
9.636.000
1886
1,000
520.000
1886
1,000
806.000
1,000
$&£
1,000
1872
1,000
81to’7 1,000
1,000

1867
1872

1870

1879
1873
1,000
1887
1875 500 ¿c,
1891
1,000
1893
1887
1890
1877
1890

100

1,000

Ì,Ò0Ó
1,000
100

1879 500 &c.
1,000
1883
1888 500 &c.
84-’90 1,000
1892
1,000
1892

£
5
£
5

M. & S. N. Y., Mercantile Tr. Co Jan. 1 , 19X7
gg. F. & A.
do
do
£ u,g- 1, 1920
J. & J.
do
do
gJnly 1, 1926
do
do
g. M. & S.
Mch. 1, 1926
F. < A. N.Y. Mercantile Tst Co May 1 , 1897
fc
M. < N. New York or London. May l , 1897
&
J. < D.
fe
Mercantile Tr. Co, June 1 , 1895
g- J . & D. N. Y.,do
do
June 1, 1897
g- A. & O.
do
do
Apr. 1, 1931
g- A. & O.
do
do
Apr 1, 1931
g- Quar’ly.
do
do
1894-1902
March.
do
do
May l , 1897
do
gdo
Apr. 19,189*
J. & "J.
do
do
Jan. 1 , 198,
do
- J. & J.
do
Jan. l , 1905
A. < O.
fe
do
do
Apr. 1, 1916

4.000.
000 5
6.000. 000
2.500.000
z
1.450.000
Z
21,898,000
7.000.
000 £
1.988.500
i
153,020
7
200,000
7
3.412.000
2.342.500
9
435.000
6
3.000.
000
229.000
3.000.
000
£ g.
1.100.000
5 g1.000.
000 & 6
4
590.000
5
5,320,600
7.000.
000
1.000.
000
8.239.500
i*
487,027
6
2.500.000
4 g.
3.900.000 Up to 5

J.
J.
J.
J.

& J. Ja n .,’92,coup, last paid. Jan. 1 , 1937
< J.
fe
Jan. 1, 1937
& D. June, ’92, last paid.
June 1. 1897
< D.
fe
1940
J. & D. N. Y., Farm . L. & Tr. Co. Bee. 1 , 1927
0.—Jan.
do
do
1,
M. & 8. N. Y., Gallatin Nat. Bk. July 1, 1927
Sept.
1938
Vario’s. N. Y., Farm. L. & Tr. Co, Var., ’94-1899
M. & S. N. Y., Knickerb. Tr. < o, Sept. 1 , 1991
Aug. 29 IN. Y. Of., when earned. Sept. 1 , 1992

As to collateral trust bonds due in 1920, see V. 50, p. 669, 874.
Bonus.—The
bond»
The Leroy £ Oaney Valley Railroad in Kansas, 52 miles, is leased and being reserved general consolidated m ortgage is for $45,000,000 mil««
to
all prior
these covering
bonds guaranteed by Missouri Pacific as also the Verdigris Valley Inde­ The mort. is a firstretireon the 947issues, in A rkansas a idonly 485
lien
miles
LouisianTand
pendence < Western, 81 miles. The Booneville St. b. c6 So. RR. (Boone- on all unsold lands, amounting to 735,365 acres on Jan. 1,1894 Tm«
h
ville to Versailles, Mo., 44 miles) is leased a t $25,000 per annum. B. St. tee of mortgage, Mercantile T rust Co. of New York. As indicated m
L. < So. 1-st m ort. 6s for $400,000 due Aug. 1,1911, are outstanding; the table above, p a rt of the general m ortgage 5s (Nos. 11,001 to 18 ooo
fc
interest is payable F. & A. a t Am. Ex. Nat. Bank, New York.
inclusive) are endorsed with the Missouri Pacific’s guarantv of nr’nci
i
General F inances.—Dividends were discontinued in October, 1891’ pal and in te re s t; form of guaranty was m V. 56, p. 650. “ Advanced
by directors ” J an. 1, 1894. $1,887,787; due Mo. Pac., current ac­
On Dec. 3 1.1893, the floating debt of Mo. Pac. am ounted to $6,779,302,
including notes payable, $431,388, and “ advances by directors,” $4, ■ counts. $2,333,313. In 1893 car trusts decreased $287,500. In isoa
142,033. Current assets, $4,464,954, including cash, $658,538, ancl general consols for $2,857,000 were issued to purchase the Central
due from St. L. I. Mt. & So. on current account, $2,333,313. The annual Ark. & Northern, making to tal issue guaranteed and unguaranteed
$28,898,000;
report for 1893 states th a t the company holds in its treasury stocks outstanding. N. Y. Stock Exchange in Sep., 1894, reported $25,338 000’
and bonds available for sale of a p a r value of $16,487,432, costing
$9,321,549, and which paid dividends in 1893 of $529,022.
A nnual R eport .—Report for 1893, in V. 58, p. 473, showed:
The St. Louis I. M. < So. floating debt was $4,459,«87, including the
fe
Tear ending
1891.
1892.
1893
above $2, 33,313 due Mo. Pac. and $1,887,787 advanced by directors. Miles operated Dec. 31—
1,547
1,770
1 773
Dec. 31.............
C urrent assets, $479,192. Total am ount of Mo. Pacific and Iron Mount,
securities funded from 7 and 8 per cent into 5 per cent bonds during Gross earnings............................. $11,581,034 $11,689,789 $11,713,465.
m e past three years am ounts to $14.516,000, effecting an annual re­ N et e a rn in g s............................ $3,877,034 $3,289,327 $3,485,714
duction in interest charges of $298,320.”
Other re c e ip ts ..........................
20,413
32,511
156*606
J an. 1 to Sept. 7,1894 (S ^ months), gross of Mo. Pacific
Total n et income................. $3,897,447 $3,321,838 $3,642,320
1893St L' L M‘ & S°' combined>$14,506,987, against $16,798,724 in
Interest on bonds..................... $2,271,471
$2,259,103 $2,246,074
977,535
1860,691
Annual R eport .—Fiscal year ends Dec. 31. A nnual meeting is held Taxes, bridge exp., re n t’ls, «fee. 1,586,229
Dividends.................................... ..............................................
(5) 515,620
a t St. Louis m March. Report for 1893 was in V. 58, p. 472—see also
editorial p. 454. Earnings of Missouri Pacific system, excluding oper­
Balance for y e a r .................sur. $39,747 sur. $85,200 sur” $19,932:
ations of Central B ranch U. P., have been as follows. “ Other income ”
in 1893 includes dividend on Iron Mountain stock, $514,322; do. on
tT his item includes: Taxes, $249,969; rentals, $390,169; commis­
Pacific Express stock, $216,000, etc.
sion for extending bonds, car tru st expenses, etc., $220,553.
1892.
1893.
—(V. 55, p. 100, 551; V. 56, p. 465, 4 9 9 ; V. 57, p. 1039; V. 58, p. 473.
Miles operated............................... .
4,984
4,987
Mobile dc
R oad —Owns
Marion
. $26,344,789
$24,018,339 J unction, Ala., Birmingham.—to Selma, 14from Mobile to in July
149 m iles;
m iles;- opened
. 20,077,040
19,091,191 1888. Line of 3 miles intotrackagecompleted in September, 1893.
Mobile
$6,267,749
H istory , E t c —East Tennessee Virginia < Georgia, which guaranteed
&
$4,927,148
first mortgage, in June, 1892, w ent into receiver’s hands,' and T. G
Ratio oper. expenses and taxes to earns
(76-209)
(79-486)
Bush, was appointed receiver of Mobile < Birm. Coupons due Julv 1
fe
Other income, dividends, interest, &c.......
698,704
1,543,711 1892. were not paid. See V. 55, p. 21,59. Net current liabilities June 30.
1893, were $215,710. The Richmond ¿ W e st P oint Terminal reorgani­
. $6,966,453
$6,470,859 zation plan issued in Feb., 1894, excluded the M. & B. bonds as their
. $4,99£L953
$5,026,922 holders had refused term s previously offered. M ortgage abstract V.
R e n ta ls___ $___
532,650
529,851 57, p. 274.
Sundry accounts.
636,233
805,282 „ -^nnual R epo rt .—The receiver’s rep o rt for the year ending June
™4’-wi 8 L v -,59’ P- 290. Gross, $282,998, against $281,373 in
,
---$803,617 $108,804 deficitnunder operating exps. and taxes, $8,154, agst. $54,824®
u^Plus1
^.-......................
For the Missouri Pacific proper and branches (3,214 miles), not in­ 1892-93;
cluding Iron M ountain and other auxiliaries, the report was as follows: —(V. 51, p. 612; V. 55, p. 21, 59; V. 56, p. 882; V. 59, p. 290.)
Tear encUng Dec. 31—
1891.
1892.
Mobile & Girard.—
Owns Columbus. Ga., to Searight, Ala., 122 m.
1893.
Miles operated December 31.......
3,195
3,214
3,214
R
.—Was leased to Central RR. of Georgia, b u a receiver
Passenger earnings........................$2,663,798 $2,641,684 $2,393,776 waseceivershipNov. 11, 1892, and in July, 1893, suit was tbrought toappointed
Freight......................... ................... 8,865,315 10,301,205
8,190,509 foreclose the m ortgage of 1877. I t is said sale will be in 1894.
Mail, express and miscellaneous.. 1,691,984
1,712,111
1,720,588 Receivers are now H. M. Comer and R. Somers Hayes.
Stock .—Common stock, $1,251,208; preferred, $11,344, and $2,530Total earnings— ................ $13,221,097 $14,655,000 $12,304,873
Total operating expenses............ 9,920,148 10,837,725 10,029,417 Pike C ounty; par, $100. Cent. RR. of Georgia owns $816,200 stock.
Bonds.—The first m ortgage bonds, of which $200,000 are 6s and $800.
Net earnings
.................... $3,300,949 $3,817,275
$2,275,456 000 4s, are guaranteed, principal and interest. Consols, a t $12,600 pe r
Dividends, interest, &c., received.
634,054
664,287
1,387,094
were authorized, the total issue not to exceed
$4,000,OOO. The Central of Georgia owns the $590,000 consols issued.
Total n et incom e...................... $3,935,003
$4,481,562 $3,662,550 D efault on dividends and 1st mortgage interest occurred Dec. 1, 1892Interest on b o n d s................$2,776,580
L atest E arnings.—9 mos., <1893-4, gross, $178,846; net, $56,177$2,734,850 $2,780,848
Dividends......................................... 1,422,859
July 1 to Mar. 31.
(1892-3, gross, 168,472; net, 19,066.
Taxes, rentals, «fee.......................... 1,824,796
1,028,095
t792,841
For year ending Ju n e 30, 1893, gross $207,925; net, $11,532. In,
1891-92
Balance for y e a r.......................... —$2,089,232 +$718,617 +$88,861 $4,815. gross, $182,532; net, $5,130; in 1890-91 gross $205,145; net___
In 1889-90 gross, $274,082; net, $68,017.
t This item includes: Taxes, $584,054; rentals, $139,682; miscel­
Mobile &
(See
laneous, $69,105. (V. 56, p. 463, 484, 4 9 8 , 501, 668; V. 57, p 469* V- bus, Ky., 472 Ohio.— Map.)—Owns from Mobile, Ala., to Colummiles, proprietary line,
fe Tennessee Railroad
5 8 ,p . 4 5 4 ,4 7 2 ,4 7 4 , 11097)
’
’
’
’P
V to Cairo, 21 m iles; also branches to Kentucky <<& 34 m iles; total
Starkville,
c.,
Missouri Pacific System-St. Louis Iron Mountain &owned, 527 m iles; leases 8t. Louis & Cairo (which see), Cairo to St. L.,
152 miles, and track to Millstadt, 9 miles; to tal operated, 688 miles.
Southern.—
Owns St. Louis to Texarkana, Texas Line, 490 miles:
branches to Belmont, Mo., Bird’s Point, Mo. (Cairo), Camden. Ark
H istory , E tc.—Opened in 1861, reorganized in 1879 w ithout fore­
Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Mem-’ closure. As to proposed extension to Montgomery, Ala., see Montgom­
&
phis, Tenn., «fee., 747 miles; Houston Central Arkansas < Northern Rail­ ery Tuscaloosa < St. Louis.
fe
way« MoGehee, Ark., to Alexandria, La., 190 miles; total owned Ja n u ­
L ands.—Lands June 30,1893, were 567,968 acres, valued a t $298,619*
ary 1894,1,427 miles. Leases Little Rock & F ort Smith and Little
Stock .—Stock authorized, $10,000,000; outstanding, $5,320,600;
Bock Junction railroads, 176 miles; Kansas < Arkansas Valley RR..
fc
par, $100. The voting power on $4,942,100 of the stock is exercised by
170 miles. Total operated December 31,1893,1,773 miles.
virtue of the deposit in tru st
STOCK.-Stock $25,788,925, of which $25,716,105 Jan . 1,1894, was tu.6 general m ortgage bondholders bydebentures of 1879, upon which
jw ned by Missouri Pacific—m ostly acquired in 1881. L ittle Rock < under the general mortgage of the old Supreme Court
fe
F ort Smith was acquired by exchange of stock in 1887. See title of this voting power was conferred. The st is still in forceof Alabama in
April, 1893, decided th at the voting tru
and valid.
th a t company in Supplement of May, 1888, and previously.
B onds.—
Under the general mortgage o f 1888 (trustee, Farm ers’ Loan
®oI£ ? 1>s~ Tlie sal«8 oi land in Arkansas for 1893 were 28,393 acres a t & Trust Co.) there can be no foreclosure till four coupons are in default.
S3 08 per acre, the to tal sales, including tow n lots, being $87,517; in Of the $10,500,000 authorized, the am ount canceled by sinking fund is
Missouri were 3,003 acres for $4-17 p e r acre, the total sales including
$1,552,000. Mortgage abstract, V, 47,
tow n lots, being $12,537; from L ittle Rock < F o rt Smith grant 12,404 $708,500, in reserve in treasury June 30,1893, $511,616.
fe
Loans and
payable
acres for $2-83per acre. Lands in Arkansas unsold Dec. 31,1893. 659 - p. 83. Ja n u a ry 1 billsAugust 31, 1894 (8 months), gross, E arnings—
Froni
to
$2,034,462,
951 acres; in Missouri, 75,414 acres; of L. R. < F. 8., 537,185 acres
fe
against $2,124,814 in 1893.
\
’
*




S e p t e m b e r , 1894. J

JBeaumonfc




RAILROAD STOCKS

AND

EONDS.

87

88

INVESTORS’

SUPPLEMENT.

[V o l .

l ix

.

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tabl7~
INTEREST OR DIVIDENDS.
- Miles D ate Size, or
IBonda—
PrinciAmount R ate per
s of
of
Par
When
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv W ’WhenDue.
—
Aast
Whom.
*
Dividend.
Monterey A Mean. Gulf— 1 M. $25,000 per m., g.c * 389 1888 $1,000 $9,727,000
st.
M. & N, Nov.,>91,coup, last paid
Montgom A E ufaula—1st, s. f., $15,000 not dr’n . c*
81 1879
1938
1,000
1,500,000
l S- J. & J J an.,’93,coup, last paid £ov. l1, i9og
Mont. Tusc. A St. L .—1st M., g., $3,500,000 gu. p. ‘ '
July
1893
1,000
5
Morgan’s La. A Texas—N. O. Opel. & Gt.West. Is
.
80 1859
678
249,002
5
A. & O. N.Y.,S.Pac.Co*,23Broad l 1943
1st m ortgage (New Orleans to Morgan C ity).. .c * 102 1878
1,000
5,000,000
-fPr- 1, 1899
7A. & O.
do
do
1st mortgage, Alexandria Extension, gold..........
157 1880
1,000
1,494,000
1, 1918
J. & J.
Morris A Essex—Stock, 7 p. c. guar. D, L. & W.......
50 15,000,000 7 per an J. & J. N. Y., do Lack. doWest, July 1 , 1920
7 6 gDel.
&
1st mortgage, sinking ra n d ....................................
'8 4 1864 500 &c. 5,000,000
Juiy J, 1894
7
!m . & N.
do
do
Convertible bonds.............................................. ’’" ........... Var’us 1,000
May l , i9 i4
281,000
7
J. & J.
do
do
Gen. M. & 1st on Boonton Br. &c. (guar. D.L.&W.
Jan. 1 , i9oo
1871
1,000
4,991,000
7
A. & O.
do
do
Consol. M. (for $25,000,000) guar. D. L. & W.c*&:r 137 1875
Oot. 1, i9 o i
1.000 12,151,000
7
J. & D.
do
do
Special real estate bonds........................................ . _
_ Var’us
J u n e l , 1915
2,795,000 4*2 & 5
do
do
_
2 _
100
, various.
221,000 i per an. M. & N.
do
do
¿Kits/ / V 9W W IVV C
wuv*
l
b 11TL.
v v u p .U l.,
v
40 1891
May, 1894
1,000
1,000,000
J. & J.
ML Holly Lumb. A Meclfd—1st M. gu. p.& i. Pa.RR
Jan. 1 i92i
....
75,000
I e- A. & O. Phila., Pa. RR. Co. £p r. 1,, 1899
Nashua A Lowell—Stock,9 p.c. rental,92 yrs. B.&M
_
15 _
iö ö
800,000
M. & N. Nashua, Indian Hd. Bk
Bonds not m ortgage.......................................... ....... . . . . 1880
May 1 , I 894
100,000
J. & J.
do
do
Nashville Chattanooga A St. Louis—Stock.............
_
_
100 10,000,000
Q.—P.
N. Y. and Nashville. July 1, 1900
340 1873
1,000
6,300,000
7
J. & J, N.Y.. Continental N. Bk, May 1 , 1894
321 1881
July 1 , 1913
1,000
1,000,000
6
J. & J.
do
do
vu Aajcil/c. diiU iU lTl«M S \«pOjvyMp.IIl.JC (B 125 1877
*
-O
A*
J
Jan. 1 , i 9oi
1,000
750,000
6
J. & J.
do
do
1st mortgage on Lebanon Branch...............
o’
29 1877
Jao- I, 1917
1,000
300,000
6
J. & J.
do
do
1st M. on Jasper Br. ($90,000 are 8s, due 1906)0'
Oct. 1 , 1917
43 ’77-’83 1,000
461,000 6 g. & 8 J. & J.
do
do
1st mortgage on Centreville Branch, gold... c*&i
46 1883
Jan.,1906&’23
1,000
376,000
& J.
do
do
1st M. on Tracy City Br. (Tenn. C. & I. RR.).c*&i
Jan. 1 , 1923
20 1887
1,000
540,000
**
& J.
do
do
1st M. on Bon Air Br., red. a i p a r aft. J u ly ’97,.. c*
7 1887
Jan.1895 to’17
1,000
130,000
6
& J.
do
do
Consol. M. ($20,000,000), $20,000 p. m., gold.. e* 740 1888
July 1 , 1917
1,000
4,958,000
& O.
do
do
Duck River RR. 1st mortgage, 1st, 6 & 8 per cent
Apr. 1, 1928
48 1876
86,000
e lf
& J.
do
do
2d m ortgage.................................... ......................
Jan. 1 , 1896
48 1881
22,000 . * * . M. & N.
do
do
Nashville A Decatur—Stock, guar. 6 p. c. by L.& N . 119 . . . .
Nov. 1, 1909>
25
2,303,582 i>per an. J . & D.
Nashville.
1st m ort., guar., s. f. ($200.000 held in sink, fd.)
June 1 , 1894,
119 1870
1,000
2,100,000
7
J. & J. N. Y., 120 Broadway. July 1 , 1900
Nash. Flor. A Sheff.—1st M. ($2,500,000), gold, gu.c
91 1887
1,000
2,096,000
P. & A.
Nashville A Knoxville—1st mort. for $2,000,000..c*
73 1888
1,000
1,179.000
I I M. & N.l N. Y, and Louisville. A” * i „ V w
■ X VX WAiUMII JUC/aiUlUKOj
V i

on first page of tables.

in V. 57, p. 6 3 6 . ______ _ HBR
1893-94 earnings â Y. 59, Æ 191. $3,253,691; for early 8tatement of !
see w
n.
£ 1 1 9 3 gross earnings of road
a f ô ï i t e « we& $5 791 267Tear end’g June 30— AU»/V.
1890.
-v « .. wvw y V w .w w v—
AOÎ7A.
1892.
iô ÿ ÿ ,
1891.
1893.
net, $1,164,471. In 1892 gross, $5,772,665; net, $1,149,429. a1’467’
Total gross earnings. $3,173,431 $3,559,138 $3,443,760 $3,358.471
NAT. earnings.......... .. 1,172,297
1 171) OQ7 -I QOO Knc 1 n n , ’o . ,
, N a s h u a * L o w e ll .—Owns from Lowell, Mass., to Nashua N w
Net Afl.-miTlO'a
1,322,596 1,201,841
1,213,952 15 miles. On October 1,1880, a lease for 99 years to the Bnstôii Â
In t., taxes & rentals. 1,055,708
1,165,148 1,159,679
1,159,052 Lowell was made. In 1887 lease was transferred to Boston & Maine
Pays a re:Qtal of $73,000 (9 per cent on stock!
Balance, surplus.... *$116,589 *$157,448
*$42,162
*$54,900
f jmd.e<l debt is assumed by the lessee, and the lessor holds thé'
*There was also expended for equipm ent and new construction lessee s notes for same amount. Bonds due Aug. 1,1893, were paid. 6
(additional to operating expenses) $208,481 in 1889-90, $451,980 in
N a s h v i l le C h a t t a n o o g a Sc S t. L o u is .—(See Map.)—Owns from
1890-91, $218,070 in 1891-92, $210.902 in 1892-93; $172,331 in
1893-94.—(Y. 57, p. 60, 6 3 6 ,7 2 2 ; V. 58, p. 223, 866, 987; V. 59, p.l9l7) Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to Lebanon
mii ori teases W estern & Atlantic, Chattanooga, T^nn., to At­
8
M o h a w k Sc M a l o n » . - (See Map N. T. Central.)—Owns from Her- lanta, Ga., 137 miles; to tal operated Ju n e 3 0,1894,884 miles, of which,
’ wmcn,
5 m£r ’ T-’ on
N. Y. Central’s m ain line northerly to Malone, on 74 miles completed in 1893-94.
the Central Vermont, w ith branches, 181 miles in all.
r Organization .—A m ajority of the stock ( $ 5 ,5 0 0 ,5 0 0 ) is owned bv th e
H istory , L ease , E tc .—Completed in November, 1892. Furnishes
& Nashville, and pledged under its unified mortgage, etc so.
access to h eart of Adirondacks and forms link in a new through a+tÎ *5e
sy8*ems are operated in close harmony. The Western &
line from New York City to Montreal. In 1893, N. Y. Central leased
8tate of Georgia for 2 9 years from Dec. 27,
th e road and guaranteed its first mortgage bonds. The surplus in anv 1 8 9 0 , a t $ 4 2 0 ,0 1 2 per a n n u m
year after paym ent of the first mortgage interest for th a t y e a rto p a v -l
s1no. 1886—In 1887, 4; in 1888, 434; from 1889 to August
i e
Rpt de,xÎSe<ilng 5 Per cent interest on the incomes. N. Y. Central owns
>
PAh11?®lQ81ve’ a t ra te
p. e, yearly; in Nov., 1893, nonef^In’
the $4,500,000 stock, and has the option of retiring the incomes a t any i sqa’ Feb., 114 p. c.; May, 1*4of 5c.; Aug., none. (See V. 59, p. 234.v
1894,
p.
time, and issuing in lieu thereof 2d mortgage guaranteed gold 4 per
cents, due Sept. 1, 1991. See official statem ent V. 56, p. 501 . As to -, o ^ NPs%~ïhe Tracy City branch 6s fall due $20,000 yearly on Jail 1
1895, to 1916 inclusive, and $100,000 on Jan. 1 ,1 9 1 7
ÿ
‘
bonds, see V. 56, p. 782. (V. 57, p. 22.)
mortgage of 1888 (United States Trust Co., trustee).
, M o n te r e y Sc M e x ic a n G u lf.—Owns road completed in August. ?n«®?nnAAa* ad P.î^or bonds shall be paid off a t m aturity; sufficient of
1891, from Venadito (on th e Mexican International Railroad) via the $20,000 p er mile are reserved for them.
M onterey to Tampico, on the Gulf, about 390 miles. See V. 54, p. 964.
General F inances.—In 1893-94 $162,000 1st consols were issued!
H istory .—April 23,1892, J. Robertson w as appointed receiver. In
iïïwîrUcî 0i j ’ ?tC-’ oUt ^ ese were held in treasu ry June 30,1894.
October, 1893, a bondholders’ committee organized a corporation in 5 Art0
S0Üeld June 30»1893, having been sold during the year.
Belgium—The Société Anonyme Belge de Chemin-de-fer au Mexique—
Bills payable w ere $768,718 on Ju ly 1,1894.
y
which holds 51 per cent of the M. & M. G. stock. N early all th e M. &
net, 323,733
1894...............
^ P°uds and past due coupons have been exchanged a t p a r for the E arnings .—2 months, > 1893........ ....ggross, $743,325; net, $ 290,580 :
Ju ly 1 to Aug. 31. J
ro ss, 762,622;
$1,000 shares of this co. Coudert Bros., 68 William St.,N. Y . f attorneys
A nnual R eport .—Fiscal year ends June 30. The report for 1893-94
Augustus Frasez, President, Brussells, Belg. The Central T rust Co. of
N. Y. is trustee of the mortgage. Mexico gave this road a subsidy of was given a t length in Chronicle , September 29, 1894. The Western
6 A tlantic w as included for the first time in 1891-92
$14,222 per mile in 6 p. c. silver bonds. Stock $100,000.
Year
1891.
1892.
1893.
1894
E arnïngs.-— anuary 1 to Aug. 31, 1894 (8 months), gross, $748.471. Mileageends Junee 30.
J
end of y ar.........
652
810
810
884’
kI a1? 8^ $££3.758 in *893. In year 1893 gross, $997,810, against $774,580 in 1892 and $883,462 in 1891. (V. 56, p. 463, 835; V. 57, p?638.) Gross earnings....................................... $3,943,304 $5,353,288 $5,131,779 $4,521,662
N et earnings. ................. 1,619,581 2,029,007 1992 374 1,850 482
o,^r<?1 tg o ,ïïle iT & E u f a u l a . —Owns Montgomery to Eufaula, Ala., Investm ents, etc....................................
n
37,482 / / 31,886
170^06133^ .
443
80 miles. Foreclosed May 1,1879, and re-organized. Operated under
contract by Central of Georgia, which guaranteed the principal and Net income.
$1,657,063 $2,060,8.93 $2,162,435 $1,883,925interest of bonds. Stock is $620,000, all owned by Cent, of Ga. Judg- Interest on debt and taxes 914,799
950,5Î5 1 ,012,331 1 022 571
R ental W. & A. R R ........................
420,012
420,012
420’012
,
$ie,640Î000r V°5t9 ap ei52tained by F ' Ll & T ' Co• in Ju lF’ 1894’
frnprovements..................
142,617
118.111
51 355
25 537
L atest E arnings.- 9 ? 1893-4, gross, $160,832 ; oper. def., $ 13,923 Dividends.............. ........... (5)333,427 (5)500,000(5)500,000(213)250 000•
mos., Ju ly 1 to Mar. 31. ) 1892-3, gross, $212,061 ; oper. def., $6,759
$72.253 $178,738 $165,805
In year ending June 30,1893, gross, $255,131 ; deficit under operat Balance, surplus.. . . . . . . . . $266.220
i ^ r ? « P enses’ $28,020 ; in 1892, gross, $289,845; net, $42,669. In —(V. 57, p. 4 9 4 , 5 0 9 , 5 1 4 , 684,1039; V. 58, p. 344; V. 59, p. 234.)
Nashville & Decatur.— Map Louisville A Nashville.)—Owub
See
f
1890-91 gross, $307,613; net, $58,553. See Central of Ga. July, ’93,
interest was not paid. (V. 59, p. 152.)
Decatur, Ala., 119miles. Leased to Louisville&
July
a rental of 6 p. c. per ann.
M o n tg o m e r y T u s c a l o o s a Sc S t. L o u is .—Projected Montgomery. onNashville for 30 years fromall the1,1872, a towns $894,800 of its stock.
stock. The lessee assumed
debt and
Ala., to Columbus, Miss., w ith branches, 198 miles. In 1893 contract °R.'J}*R® 30,1894, sinking fund held bonds of face value, $602,700 of
was made w ith Mobile & Ohio to guarantee the bonds. Road to be
built when tunes improve ; will connect w ith P la n t System. (See V. which $200,000 were N. & D. firsts.
1892-93. gross $1’468’199 ; net, $$450,664; interest,
O/j p. 722.)
bala? ° £ I«ro&vldends’ etc., $303,664. In 1891-92 gross .
$1,443,431 ; net, $484,318;
,
Morgan’s Louisiana &Texas RR. &Steamship Company.
o f Southern Pacific.)—R oad—Owns New Orleans to ChenevNashville Florence Sheffield.— Map Louisville A NashSc
(See
ville, 204 miles; branches, 55 miles ; trackage to Alexandria, 24 miles.
mile.)—Owns j r o m Columbia, Tenn., to Florence, Ala., 79 mües, with
œ i ^ S ^ ^ TI9N “Tlie Southern Pacific Company, on Jan . 1,1894, held branch Iron City» Tmm., to Pinckney, Tenn., 12 miles, and has trackage,.
J,r
$14,995,000 of the $15,000,000 stock and operated road under fease. Florence to Sheffield (Memphis & Charleston Railroad), 3 m iles; operJ.ne lessee pays all charges and also 23 per cent of the net profits under ates Napier branch, 11 miles ; total, 105 miles. Operated by Louisvillethe omnibus lease.” Company has 12 iron steamships and 9 ferry & N ashw le, which company guarantees the principal and interest of
and river steam ers and tugs plying between New York and New Or- the S? aa8 by endorsement, and owns $729,400 of the $862,050 stock,,
iean8 and between Gulf ports ; also wharves, warehouses, and on Ja n p a r $100. Stock authorized, $2,000,000. !Due L. & N. on open accountr
1,1894, owned $740,500 bonds and $781,248 stock of other companies. J u ne 30, 1893, $386,979. In 1892-93 gross earnings were $199,922 ;
E arnings.—7 months, > 1894, gross, $3,016,123; net, $441,972.
* 125’374 : a 6 M t’ $ io 3 -2is>J an. 1 to July 31
5 1893, gross, 2,979,809; net, 480,978.
Nashville Sc Knoxville.—
Owns from Lebanon, Tenn., to Mon­
year *893 S™88. $5,687,297; net, $1,379,183, against $1,454,633 in 1892; surplus over charges, $251,962; net profits due com­ terey, Tenn., 79 milep, and branch to Carthage, Tenn., 8 miles. Extenpany under lease to Southern Pacific, $608,842.
OookviUeto Monterey, ciimpieted in 1894. Stock, authorized,
„ M o r r i s S c E s s e x .—(See Map o f Delaware Lackawana A Western.)— $500,000; outstanding, $372,700; par, $100. Trustee of mortgage!
Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles; branch, Mercantile Trust Co. of New York. In year ending June 30,1893. gross
ÏÏÏ1a?,8
Denvule, N. J., via Morris & Essex Tunnel, to Hoboken, N. J., 35 miles; 1891-92, wef 6J 7 A 982 ; net. $29,916; interest on bonds, $70,200. In
net, $25,920.
eases 16 miles; total operated, 136 miles.
Nesquehonlng Valley.—
Owns
L ease .—Leased in perpetuity to Delaware Lackawana & West., which to Tamenend, Pa., 17 miles; Tunnel from Nesquehoning Junction. Pa.,
Branch, to Lansford, Pa., 1 mile,
assumed all liabilities and pays 7 p. c. per annum on the capital stock,
years to the Lehigh Coal & Navigation Company. In
th e y also agree to pay 8 per cent in case 30 per cent of the gross earn­ 1884 th©tor 999 to
option
suspended
ings in any one year shall be sufficient to pay all charges and 10 per for 20 years, w ith purchase tho stock at par and interest wasstock.
a guarantee of 5 per cent per annum on
cent on the stock. See form of guaranty, V. 56, p. 812.
Nevada Central.—
B attle Mountain to Austin, 94 miles (3-ft. guage.)
E arnings.—The road is im portant to the Delaware Lackaw anna &
w estern as a route w ith term inal facilities on New York Harbor, but Stock, $750,000 ; par, $100. Reorganized in 1888. In year ending
Ju n e 30,1894, gross, $28,663, against $48,325 in 1893; net, $ 2, 842,
the actual earnings on the road show a large annual deficit for the against $10,899»




S eptem ber , 1894 .J

RAILROAD

STOCKS

AND

BONDS.

Ä
Q
C




» »

INVESTORS’

SUPPLEMENT.

(V l Lix
o.

Subscribers wtll confer a great favor by giving immediate notice of any error discovered In
RAILROADS.
INTEREST
\Bônd»Z
Miles Date Size, or
Amount Rate per
For explanation of column headings, &c., see notes of
of
P ar
When
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv pal,Whenr.?e:
Stocks—
Last
Whom.
Dividend.
Naugatuck—See N e w Y o r k N e w H aven & H a RTFOR D.
Nesquehoning Val.—Stock, 5 p.c. gu. till 1904 ..........
18
$50 $1,418,600 5 per an. M. & 8. Phila., 226 So. Third St,
Nevada Central—IstM . g., income (sinking fund)..
94 1888
1,000
750,000
5 g. J. & J.
8ePt- 1, 1894
No coupons paid.
Nevada Southern—1st M., $1,500,000, gold_ c*&r
_
30 1893
Jm y 2, 193%
1,000 Ja n .’94,none
5 g.
Newark < Hudson—1st m ortgage.. . . . .
6
c
6 1871
1,000
250,000
7
M. & 8. N.Y., L. E. & West. RR Jan. l, 1923
Newark Somerset d Straitsv.—1st M.,ext.in"’89", g ."o'
44 1869 500 &c.
800,000
5 g. M. & N. N. Y., Union Trust Co 8ePt. 1, 1901
Newburg Dutchess d Connecticut—Col. tru st bonds.
1891
59
226,000
5
M. & N. N. Y., Central Trust Co
I Income mortgage for $1,625,000. .
r
1877
N y 99
oii8 2
1,164,500
6
When earned.
New Castle d Beaver Valley—Stock..........................
’Ï5
50
700,000 See text. Q.—J.
Newcastle, Pa.
New Castled: Shenango Valley—IstM ., Jnt. guar...
17 1887
1,000
250,000
9 g. J. & J. N. Y., Farm. L. & Tr. Co
New Haven & Derby—See N aw Y o r k N ew H aven & H a RTFOR D.
Juiy l, 1917
New Haven & Northampton—See N e w Y o r k N e w H a v e N & H A R TFOR D.
New Jersey Junction—1st. M., guar, by N.Y.Cent.c&r
5
1886
1,000
1,700,000
4
F. & A.
New Jersey & New York—1st M. (reorganization).c*
34 1880 5 0 0 &C.
P?b. 1, 198Ç
400,000
6
M. & N.
2d m ortgage............
i
May l, iglò
34 1885 500 &c.
100,000
5
J. & J.
do
do
General M., $1,200,000 (red. 105 after 5 years)!. . . . . 1892
Jan. l, i 986
364,500
5
J. & J.
do
do
N. J. < N.Y. Extension 1st M., int. g u ar...............
fe
1932
120,000
New London Northern—Stock .
Ï2 Ï
■ Ï00
1,500,000 8 per an. Q.—
J.
New London, Office.
Consolidated M., now 1st M. ($688[ÔÔ0 are 4s) ."c* 121 1880
TOct., 1894
1,000
1,500,000 4 & 5 J. & J.
New Orleans & North Eastern—Prior lien m., gold o ' 196 1885
July 1, 1910
1,000
1,280,000
6 g- A. & O.
1st mortgage, gold.......................
196 1881
1,000
ntov- 1, 1915
5,000,000
6 8 J. & J.
*•)
, tJUUOUOi1
N. OrVns &North WesVn—1 stM. ,$20,000p.m. ,g. ,c*Ar
Jan., 1911
77 1890
1,000
See text.
5 g. J. & J.
In default.
NewOrl.dSo.—Prior lien M. scrip,gold,red. a t 105 c*
Jan. 1, 1949
66 1891
100
250,000
5 g. A. & Ó.
London Agency.
1st mort, for $1,000,000, income for five years...
Oct.,1931
66 1891
924,000
6 S
Newport News & Mississippi Valley—Stock.............. . . . .
1931
....
100 13,679,000
N .Y . Brooklyn & Manhat Beach—Common stock.
100
350,000
Preferred stock, non-cumulative.......................
" 2Ö
100
650,000 5 per an. A. & O. N. Y., L. I. RR. Co.
5 ‘ 5 M anhattan Beach 1st mortgage........... c*
Oct.,
14 1877 500 &c.
500,000
7
J. & J. S . Y., Corbin Bank’g Co Jan. 1 1893
T
N. Y. B. & M. B. 1st con. M., gold, guar, by L. I.e*
, 1897
20 1885
1,000
1,178,000
5 g. A. & O.
do
do
New York d Canada—1st M. ster. .guar.D. &H., Can. o’ 150 1874 Ä100&C 4,000,000
1,
6 g . M. & N. London, Baring Bros. Oct. 1 , 1935
New York Central d Hudson River—Stock
May
1904
100
See text. - See text. Q .-J .
N. Y. C. & H., | $30,000,000
July 16,1894
819 1873
1,000 30,000,000
7
J. & J. j
£ 2 !000’,000 ( coupon or reg.
1 st mort.
Jan. l, 1903
819 1873
1,000
9,733,333
6 g. J. & J.
do
do
Jan. 1 , 1903
S o u t h e r n R a i l w a y . —L in e of R oad.—Blake (formerly ' ».,E^ i ? riNGS-—^ rom July 1 to May 3 1 , 1 8 9 4 (1 1 months) g r o s s
F
rnim!!
California on Atlantic & Pacific to Good Springs, Nev., 100 $ 1 ,2 0 9 ,9 4 0 , against $ 1 ,3 1 2 ,8 8 5 in 1 8 9 3 ; net, $ 2 2 8 ,0 0 0 ’S s t $ 2 i 6 9l 5
miles, of which 35 m. from Blake northerly wascom pleted to Dec., 1893;
J o r / e a r ending Ju n e 3 0 , 1 8 9 3 , with balance fh e e l was hi
ua£I°ilectedJ t0 Cedar City, Utah. Contract for 25 miles more said J - .
gross, $ 1 1 9 ,9 6 2 ,
,
aii aaV6»?e£J1 s gDed 13 Dec., 1893. Stock authorized, $2,000,000; par, net,5 y ’ P 9 7 9014?, showing $ 2 7 3 ,4 4 3 ;,4 interest, against 7$11 , 2b9a0 a6 2 6 in 1 8 9 ?
3
$ 2 2 ,0
n
tru8t® M etropolitan T rust Co. of N. Y. Bonds are is- $ 1 3 7 ,8 6 7 , agst.against5 3 in 1 8 9 2 . In 1 8 9 0 -$ 3 6 6 8 - ® 1 l1 3 8c e a l ®
6
$ 9 0 ,3
9 1 ? ctoss
j f i - ’00? p e r mile for road m actual operation and $ 5,000 per $ 2 6 4 ,5 4 0 . (V. 5 6 , p . 3 3 2 ; V . 5 7 , p . 761; V 58,’ p ? 9 0 4 , l 6 3f ) 5 9 ’ n 6 t'
S sy
equipment. In January, 1894, no bonds had been
sold. Isaac E. Blake, President, Denver, Col.—(V. 56, p. 464.)
+eND ^ e r l T
am8rT^: Northwestern.—
Owns from Natchez, Miss
to Bastrop, La., 77 m iles; extension to CoUins La., 7 miles- t o t a l ’
? ^ , ^ d* o S ,““° ^ ns, fri >m Bergen Junction to Newark, N. 84 miles. Projected to Little Rock, Ark. Stock, paid in $4 500 1
s
Eeased to New York Lake Erie & Western a t a rental of 000, p a r $100. Bonds for $1,500,000 are hypoVefiated feV
per annum. Stock, $250,000; par, $100.
lo ee ^ e
August, 1891, receivers were appointed and $500 000
5 ? ln .fr s *t & S tr a lts v llle - O w n s from Newark, O., to receivers certificates were authorized for repairs, etc. Louis K Hvile.
S i ^ 11£,e’i2 ,i 44 mile8; branch 3 miles. Leased to B. & O. till Nov. 1 1929 is now receiver. I t is said the company will complete the roa<i
(with right to perpetual renewal a t B. & O’s option) a t 30 per cent of $6a4 ? ? 5 e t0 9 °llin8 r t h e M o.PacP In y e a r i S ? gro^s earn tog?
y
gross earnings and a minimum rental of $40?000 (interest on debt)!
|to c b, common $795,600, and preferred, $230,900 (par both, $50). $ li;0 4 4 . (V?5°7?p. 4 6 7 ?) $17’269' ln 1891' 92 gross, $47,538? nft,’
Ob?o ,5 t2 if8ooe<Q t and $191-850 of the latter owned by Baltimore &
? rs
* S o u t h e r n . —New Orleans south along the Missis
a ^ t o s t d e f . ^ 2!8 9 1 ^^ ,8$lo!627.^14^
’ defl0it
«Per., $8,830, sippi Ri ver to Bohemia, with a branch, 66 miles in all. Successor to the*
qqV ^ r 1! ! 118 &i? ^ Lf’a8i?ld. m foreoiosure March 5,1891. See V .52p
VV1
1
*5 & Connecticut.—
Owns from Dutchess
l l 9 j , f i 2 l ’ 6 o f J 'a r W > 0 .“UtllOnZea’ *200’000i
/
0
Junction, N. Y., to Millerton, N. Y., 59 miles. Foreclosed Jan., 1887.
E arnings .—7 m on th s,) 1894, gross $54,245; def. $2.726.
Stock .—Common $500,000 and preferred stock $600,000; par $50.
Jan. 1 to July 31.
> 1893, gross 71,519; def. 3,493
J iS e N S^ ^ q 4 “« ^ n n n e Si £oUat- tru st is Central Trust Co. There were m % g a t o s t 8
30
$8?6Sr9SS’ $136,169’ against $151,104 in 1892; net, $10»2
payable 1894’ “ 50>
999 of 5 Per cent mortgage notes and $13,495 bills
Newport News Mississippi Valley.— untington comora&
AH
y e a r ®n d l n S J u n e 3 0 , 1 8 9 4 , gross, $ 1 5 7 ,9 5 2 ; net» tion organized to control a system of railroads, but its interest in these
n i t ’« to
cbarS®8’ $ |, 5 8 7 . In 1 8 9 2 -9 3 , gross, $ 1 6 7 ,5 8 7 ? was disposed of in 1893 and on Mar. 20, 1894, Edmund Zacher wls
net, $ 3 2 ,4 0 8 . Total surplus June 3 0 , 1 8 9 4 . $ 1 0 4 ,5 6 1 . John 8. Schultze, made receiver pending liquidation. (See V. 57, p. 218 ) Loans and
President, M atteawan, N. Y. (V. 5 7 , p. 515; V. 5 9 , p. 376.)
K
&ayable^were $818,435 July 1,1892. Offices, No. 23 Broad St. a?d
Castle & Beaver Valley.—
Owns from Homewood, Pa., to New Haven, Conn.—(V. 57, p. 218; V. 58, p. 513.)
New Castle, Pa., 15 miles. Leased to P itttsburg Fort Wayne & Chicago
New York Brooklyn & Manhattan Beach
.—(See Man Lona
Railroad for 99 years a t a rental of 40 per cent of gross earnings and
P 'orn ,F re?1 p °ud Jim ction to M anhattanPBeacf
lease assumed by Pennsylvania Company.
*
earnings, ana
w h L 11
1 «113-; al? branches to Bay Ridge and Greenpoint, 20 miles,
, Q^i7 Ii END8'~ J n 1884>19 per c en t; in 1885,10 per c en t; in 1886 and of which 16 miles double track. Greenpoint branch is not operated.
V
L ease , E tc .—A consolidation August 27,1885. Leased for 99 veara
PqniSe? « ^ o o 6; m ^ m ? i 18- 9’1894, Jan ., 1each; in 1890,11;
■ 1893, 6 ; m 10 per cent ^ p. c.; Apr. l 4
8
In 1891 3012: m 1892,
1,1882, to the
Cm at 35 p lr cent of 3
p. c.; July, 113 p. c.; October, l^a p. c.
v
p
^ from Mayrental guaranteedLong Isfand RR.per cent on pref. stock. £
earnings,
to be a t least 5
E arnings.—Gross earnings in 1 8 9 3 , $ 1 6 3 ,7 0 5 ; net. $ 6 1 .3 6 4 - r e n t a l
D ividends .—On preferred from 1883 to 1893, inclusive, 5 p.c. per an.
received, $ 6 5 , 4 8 2 ; loss to lessee, $ 4 ,1 1 8 . In 1 8 9 2 gross $ 1 5 8 534.- n e t
$ 5 3 ,8 0 4 ; loss to lessee, $ 9 ,6 0 9 . ( V. 5 8 ? 7 1 6 J
g
’ it’1 5 8 ’5 3 4 ’ n e t - * ^ o N
A?A_ ? ° nS0li <ated-,m0Stg^ge of 1885 38
l
$2,000,000, of which
t i i i (?p000, ,® e r d t0 rmureTflrst mortgage a t m aturity; trustee is Cens
tra l T iust Company. The L. I. RR. has attached to the bonds its unt
S1, c Va,1^ ° V a lle y .—Owns from Newcastle, Pa.,
guaranty of principal and interest in addition to the mem­
forT lnL ^nd d89 t X
f
,„Pai ’ 17 m^ es' L«a8e<* to N. Y. Pa. & Ohio till 1982 ^
for rental of 32 p. c. of gross earns., but interest on bonds guaranteed. orandum as to the lease previouslj printed upon them. V. 56, p. 812
In June, 1894, $245,000 consols were sold for im provem ents. P
J e r s e y J u n c t i o n . —Terminal road through Jersey Citv,
i eQ?^oen<H?gKiUnei% o18l r 57, p. 723; V. 58, 5 1035.)
$110,850 m E
Hoboken and Weehawken, connecting the trunk lines term inating a t *iti??a^n’ ^ i1891-92. (V. 54, p. 1048; V.3;?,£eiltal was $ m ,6p. 0 , against
% 8ed for 199 yearT from /u ^ e
York Central which guarantees the bonds abso­
lutely and owns $100,000 stock. The mortgage is for $4,000,000.
i?,r
w Y o r k . —Owns from Erie Junction, N. J., to
Y., 29 miles; branches to New City, etc., 5 miles; ope?
f t ? 8 ? f S r ^ r8tri w’ et0-’ 14 ^ 8 , ; total operated,’48 ndles. Reorgan­
a
ized after foreclosure in April, 1880. Stock outstanding $1 440 800
w n?lr$17’000^Line^3O>T8qTed^nP? i ’i^.109:+. o a n s ^ ^ stock p ^ a
1
were ipi7,U00 June 30,1894. Control is withBpreferred n§in8 ana ’ Me
first
mm^gage till 6 per cent has been paid on preferred for three years.
general m ortgage bonds ca.n be issued to redeem firsts, seconds
and extension bonds and for rolling stock and double-track.
E arnings. In year ending June 30,1894, gross eamine-s ®qoi qqa
against $331,833 in 1892-93 ; net, $63,028 S a in s t $57 l l s • s u r S s
58ep°80rf e8’ $12’281’ again8t $13,750 in 1892-93. (V. 55, p. 8 5 5 ? v!
1 9 ’„i„ 8b’/.t0 tae ™
+

1Lo» 5 ° n W ° rth e rn .-O w n s from New London. Conn to
u ^ i i i l6i!0r0V South Londonderry, Vt., 37 miles.
V
5nd leases Brattleboro & Whitehall RR ’
Brattleboro to o’
L e a s e d for 9 9 years from Dec. 1 , 1 8 9 1 , to Central Vermont T h e
v id iifff f n i? ? « tA ° ° 0 + e r a ^ nc fm ’ which leaves a small surplus after pro­
p
viding for inter., etc., and 8 p ercen t dividends. Taxes and improve­
m ents m et by lessee, without claim on New London Northern. P
D i v i d e n d s .— From 1 8 8 8 to Jan., 1 8 9 2 , inclusive, a t rate of 7 per c e n t
per annum ; thereafter 2 p er cent quarterly under lease.
P
E a r n i n g s .— For year 1 8 9 3 -9 4 gross. $ 6 4 7 5 3 1 a g a i n s t
in
1 8 9 2 - 9 3 ; net, $ 2 8 3 ,6 2 8 , against $ 3 2 9 , 2 8 7 ( V . 5 3 , p. 2 5 6 , 8 8 1 ?
M ils q b miles, all
E a s t crn*-N eW O $5,000 000 ioar «inn*
jmss.,^iy^ m if e s ^ fi 60 lb. steel rails. Stock is rleans, La., to Meridian,
iC $^>320,000 and $4,900,000 1st mortgage bonds are held bv
^
&T
,exa8 Pacific Junction R ^ a y Company
account ana? $740,768 on other accounts.1893’ $1.062,232 on coupon
ju ly l * In February 1893 sn on
account a n *740 7?«

issuedr$l! 320 J)00 . d8 Trere 8old *>£ improvements^X^iiakfng^oTal
U




New York & Canada.—
Owns from Whitehall, N. Y to Rouse’s
P? m \N - Y H 3 m iles; branches to Baldwin, Au?4bto an d p fo X c ^
Line, 38 miles; total operated, 151 miles.
^ ^ A ExrE? C 4l®
i
< !'— ased m Perpetuity and virtually owned by the Dela­
ware & H. CanalCo., which guarantees the bonds, and has $4,520 977
mvested in it. The stock is $4,000,000; par, $100.
June 30, 1894, gross earnings were $805 327»
against $938,934 m 1892-93; net, $154,604, against $188,270; deficit
under charges $155,263, against $124,458. (V. 54. p 289 888- V 55
P; I 98; I f i f . 56, p. 290; V. 57, p. 300, 809; V. 58, p! 307; 817; V. 59,’
.New York Central Hudson River.—
&
(SeeMap.)-The system,
clearly shown on the accompanying map, is m ade up as follow s:
Lines owned. IT 'eethisco. Miles. Mohawk & M alonef.......
173
New York to Buffalo............. 442 Carthage & Adirondack!).... 43
Branches N. Y. Central Div.. 377 Gouvem eur & Oswegatchief 13
Lines leased. ITSee this co.
New York & P u tn a m !!....... 54
West Shore ir............................ 425 Branches leased...................... 206
Troy & Greenbushlf.............
6
Spuyten Duyvil & Pt. M If. - 6
Total in earns. June, ’94...2,396
New York & HarlemU............ 127
Oper’d, earns, kept separate.
New Jersey Junction!!..........
5 D unkirk A. V. & P.!f............. .
9]
Rome W atertown & Og.H
519 Beech C re ek !!....................... i 4g
Carthage Watertow n & S .H .f 3C
About 300 miles of N. Y. Central Division has four tracks.
This company was formed by a consolidation oi
the New York Central and the Hudson R iver railroads October 1,1869.
ih e leased fines have been acquired a t various dates since The Mo
hawk & Malone, Carthage & Adirondack and Gouverneur & oswe& h,e^%®eacb «pmpany] a total of 235 miles, were leased in April,
1893. V. 56, p. 501. N. Y. & Putnam was leased in 1894—see that
company.
Capital Stock.—Stockholders voted April 19 , 1893, to increase the
* 8 9 ?« 8oank t ? « new89; 42,?’300 offered to " 9-999 for improvements*
f
$8,942,800 of the ? ^ stock was ? $199. stockholders of June 15 af
par, paym ent to be made 50 p. c. Ju ly 1,1893, 25 p. c. Jan. 2 , 1894

BONDS
STOCKS AND
BAILKOAD



« 3

INVESTORS’

SUPPLEMENT,

____________ ol LIX,
[V .

Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables

RAILROADS.
INTEREST
nonds—Prfim.
Miles Date Size, or
Amount
P ot explanation of column headings, &c., see notes of
of
P ar Outstanding R ate per When Where Payable, and bv pal, When Due,
on first page of tables.
Stocks—
Last *
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Arew York Central < Hudson River—Continued—
£
D ebt certif’s (N. Y. Central), gold, e x t.in ’93..c&r
Debentures, 1884, mort. priv., non-convert...c&r
Debentures, 1889, conv., no mort. privilege..c&r
Debentures, $15,000,000, gold, s. f. not dr’n.o&r
Sterling notes June 30,1894 ..................................
V , Y. Chicago &St. Louis-r—
Common stock..................
2d preferred (5 per cent, non-cumulative)............
1st preferred (5 per cent non-cumulative)............
1st m ortgage gold, sinking fund not draw n.......c*
If. Y. Elevated—Se e Manhattan E lev a ted .
N .Y .d i Greenwood L aker—P rior lien M., *500,000
Inc.lst& 2dM .; lstM .red .atl0 5 ; 2dM .$l,800,000
H .Y . (&Harlem—Common, 8 p. c., guar, by N. Y. C.
Pref. stock, 8 per cent, guar, by N. Y. Central .t .
Consolidated mortgage, coupon or registered..c*
« • Y. Lackawanna & Western—Stock, guar. 5 p. ct
1st mortgage, guar, by Delaware Lack. & West.c*
2d mortgage, guar, by Delaware Lack. & West.e*
3 d M. Terminal Imp. (for $5,000,000), gu. p. & i..
Ndw York Lake Erie < Western—Stock, common....
&
Preferred stock, not cum ulative..............................
N.Y. & E. 1st M.,PiermonttoDunkirk,N.Y.,ext.c*
2d mortgage, (extended in 1879) gold.............c*
3d mortgage, (extended in 1883) gold......... c*
4thm ortgage, (extendedin 1880) g o ld .......c *
5th mortgage (extended in 1888), g o ld .......e *
Erie R’y ,ls t M.,Buff. Br. Homellsv. to Attica, g.c*
1st consol, mort., $30,000,000, gold, $ &

___
T ...
....
523
523
523
505
40
40
145
145
136
214
200
200
200
—
446
446
446
465
465
60
526

1853
1884
1889
1890
1893

$500&c. $6,450,000
4 g.
l,000&c 10,000,000
5
l.OOO&c 1,000,000
5
l,000&c See text.
4 g.
3,224,382
5 g100 14,000,00u
100 11,000,000
100
5.000,000 See text.
1887
1,000 19,425,000
4 g.
1892
1,000
328,000
5
1878 100 &c. 2,700,000
6
_
_
50
8,646,050 See text.
50
1,353,950 See text.
1872 l,000&c 12,000,000
7
100 10,000,000 5 per an.
1880
1,000 12,000,000
6
1883
1,000
5,000,000
5
1890
1,000
4,350,000
4
....
100 77,837,000
100
8,536,600
" 3"
1847
1,000
2,482,000
7
1879
1,000
2,149,000
5 g.
1853
1,000
4,617,000
4^.
1857
1,000
2,926,000
5 g.
1858 500 &c.
709,500
4 g.
1861 LO &c.
O
182,600
4 g.
1870
1,000 16,891,000
7 g.

N e w Y o r k C e n tr a l 8c H u d s o n I t i v e r . —(Concluded.)—
aud 25 p. c. July 2,1894. See Y. 56, p. 463, 501. In January, 1894,
$6,000,000 of this stock was listed on the N. Y. Stock Exchange making
to ta l listed $95,428,300. Dividends on stock registered in London are
payable m gold a t 49^d. to dollar.
DiViPENDS.—From 1869 to 1884, inclusive, 8 p. c. per annum; in 1885»
332 P- o. From 1886 to 1889, inclusive, 4 yearly; in 1890, 41 in 1891 1
«;
4ig; in 1892, 514; in 1893, 5; in 1894, Jan. 1 34; April, 114; J u l y .l^ p . c„ P onds.—Of t h e $11,000,0005per cent debentures due 1904, $1,000,000 registered bonds, dated in 1889, have no m ortgage privilege, but
have a stock conversion privilege, which debentures of 1884 have not.
In June, 1890, $15,000,000 debenture 4 per cents were authorized
for improvements. They are to be included in any new mortgage, and
have a sinking fund of $300,000 yearly—no drawings. The N. Y. Stock
E xchange in Sept., 1894, reported$11,500,000 of these bonds as listed.
The debt certificates due May 1, 1893, were extended for twelve
years a t 4 per cent, interest and principal payable in gold. Stock E x ­
change reports only $6,440,000 listed in September, 1894.
G u a ra n ties .—The company guarantees the securities of its leased
lines to a considerable aggregate—see separate statem ent for each com­
p a n y m arked w ith a ITin the table of mileage preceding. I t also guar­
a n tees Western T ransit Co. 4 ^ s for $1,000,000 due February, 1903.
G en e r a l F inances .—A new four-track bridge over the Harlem River
Is to be constructed 24 feet higher th an the present bridge a t an outlay
of between $3,000,000 and $4,000,000. See V. 54, p. 560. New stock
for $6,000,000, for improvements was sold in 1893-94.
The sterling notes were issued pending the issue of additional stock,
•to m eet heavy expenditures for construction and equipm ent in 1892-3
and on account of reorganization of Carthage & Adirondack and N. Y.
& Northern. Original issue $4,837,587; outstanding June 30,1894,
$3,224,382; balance retired.
. L a test E arnings .—From July 1 to Aug. 3 1 ,1 8 9 4 , (2 months) gross»
$7,052,471 against 7,990,144 in 1893.
A nnual R e p o r t .—Fiscal year ends June 30. Report for 1893-94
was in Ch r o n ic l e of Sept. 29,1894. The mileage and operations of

N. Y. & Putnam RR. are included from Feb. 1,1894.
Year end. June 30.
1892.
1893.
Miles operated Ju n e 30
2,096
2,096
$46,936,693
Gross earnings.......... $45,478,625
Oper. exp., includ. tax e s... 31,139,113
32,291,877

1894.
2,396
$43,678,201
29,508,406

Net earnings............... $14,339,512
P. c. of oper. exp. to earns.
(68-47)
Reb. State ta x prior years..
77,351

$14,644,816
(68-80)
6,349

$14,169,795
(67-57)
87,727

Total n e t income....$14,416,863
Rentals paid..................
$5,303,704
Interest on debt............
3,987,818
Taxes oneam .& cap.st’k
214,359
Reserved for deb’tures.
300,000
D iv id e n d s.................... (5)4,471,415
Miscellaneous........ .
6,245

H$14,651,165
$5,391,137
4,179,595
214,898
300,000
(5)4,471,415
26,319

$14,257,522
$5,745,936
4,214,716
194,384
300,000
(5)4,588,826

B a la n c e ......................... sur. $133,322 Usur. $67,801 def. $786,340
IFAlso received in 1892-93 $221,074 profit on sale of Beech Creek
stock, m aking to ta l surplus $288,875.
—(V. 56, p. 463, 501, 668, 700, 753; V. 57, p. 22, 489, 5 0 9 , 5 32, 548,
765,1040,1065,1083,1122; Y. 58, p. 82, 265, 474, 1073,1090.)
N e w Y o r k C h ic a g o 8c S t. L o u is .—(See Map o f New York Cen
Iral dt Hudson River.)—Owns from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased betw een D unkirk and Silver Creek, leaving 494
m ile s; leases the proprietary line, Chicago & State Line RR., 111., State
Line to Grand Crossing, 10 miles; also leases D unkirk to Silver Creek,
8 m ile s; trackage in Buffalo, N. Y., l ^ miles, and Grand Crossing to
Chicago, 111. (Lake Shore RR.), 9 m iles; total, 523 miles. Old m ain
line, D unkirk to Silver Creek, 8 miles, has been taken up.
H isto r y .—Known as the “ Nickel Plate.” Sold in foreclosure May
19,1887, and present company formed in September, 1887.
Sto c k .—Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
D iv id e n d s .—On first p re fe rrred : In 189 1 ,3 ^ per cent; in 1892,3 per
c e n t ; in 1893, 3 per c e n t; in 1894, March, 4 per cent.
B onds .—A sinking fund of $100,000 per year is provided when net
earnings a re $900,000 or upwards, if bonds can be bought a t or below
102; if not, the sinking fund lapses for th a t year, thus leaving $100,000
m ore for dividends. The original issue of bonds was $20,000,000, and
It has been reduced to present am ount by the sinking fund purchasesT he m ortgage covers the 495 miles owned in fee, Buffalo to Illinois
S ta te Line, 503 miles, less 8 miles between Silver Creek and Dunkirk,
N. Y., w here road owned was abandoned in 1893, and th e leased line
is now used; it also covers, through deposit of all its securities
($1,500,000 stock), the Chicago & State Line RR., Illinois State Line to
G rand Crossing, 10 m iles; total, 505 miles. See abstract of mortgage
^Central T rust Company of New York, trustee), V. 45, p. 541. There are
5 p er cent gold equipm ent trusts for $540,000, [issued in 1892, Central
T ru s t Co., trustee,] $60,000 being payable Sept. 1 yearly till 1902.




M.
M.
M.
J.

&
&
&
&

N. London, Union Bank.
S. N. Y., Gr. Cent. Station,
S.
do
do
D.
do
do

May l , 1905
Sept. 1 , 1904
Sept. 1 , 1904
June 1, 1905
to Nov. ’94.

N. Y., Gr. Cent. Station.
A. & 0. N. Y., Union Trust Co. Mch. 1 , I 894
Oct. 1, 1937
New York.
1942
M. & N.
None paid.
See te x t N. Y., Gr. Cent. Station, Nov. 30,1908
July 2, 1894
See te x t
do
do
July 2, 1894
M. & N.
do
do
May 1, 1900
Q.—J. N. Y., by Del. Lack.& W. Oct. 1, 1894
J. & J.
do
do
Jan. 1, 1921
F. & A.
do
do
Aug. 1, 1923
M. & N.
do
do
May 1, 1923
N. Y., 21 Cortlandt St. Jan. 15," 1892
M. & N.
do
do
May 1, 1897
M. & S.
do
do
Sept. 1, 1919
M. & S.
do
do
Mch. 1, 1923
A. & O.
do
do
Oct. 1, 1920
J. & D.
do
do
June 1, 1928
do
J. & J.
do
July 1, 1921
M. & S.
do
do
Sept. 1, 1920

L atest E arnings .—Jan. 1 to;June 30,1894 (6 mos.), gross $2,538,073
against $3,144,826 in 1893; net, $322,779, against $585,004.
’
A nnual R e p o r t .—Report for year 1893 was in V. 58, p. 772. The
road is used principally as a freight line, the earnings from freight m
1893 amounting to $5,187,335 out of the total $6,787,748.
Year end. Dec. 31— 1890.
1891.
1892.
1893
Gross earnings.......... $5,820,306 $6,171,088 $6,467,165 $6,787,748
Oper. expen. & taxes. 4,678,251 5,056,082 5,375,162 5,479,238

Net earnings..........$1,142,054 $1,115,006 $1,092,003 $1,308,510
Net,inc. other income $1,154,828 $1,128,574 $1,102,209 $1,314,829
Interest on bonds_____________ $784,570
$780,422
$781,059
$780,000
Equip, tru st charges.....................
30,000
89,000
R en tals................
87,685
90,551
91,320
92,227
93,748
Sinking fjind...............
99 940
48,794
99,460
Div. on 1st p re f ........(S^s)175,000 (3) 150,000 (3) 150,000 (4) 200,000
Balance, surplus.
$13,826
$7,667
$1,036
$54,142
—(V. 57, p. 256, 854; V. 58, p. 382, 7 7 2 , 864; V. 59, p. 291.)
New York8c Greenwood Lake.— from Jersey City, N. J.»’
Owns
to Greenwood Lake, 41 miles, and branches to Ringwood, etc., 8 miles >
operates Watchung Ry., Woodside to Orange, N. J., 4 miles, and the
Arlington Ry., 1 mile; total, 54 miles. The N. Y. Lake Erie & W. and
Cooper, H ew itt & Co. control the property. Stock, $100,000; outstand­
ing, $75,000; p a r $100. Floating debt Jan. 1,1894, $68,323.
E arnings .—Gross earnings in 1893, $349,015; net, $53,152; interest,
etc., $51,819; balance, surplus, for year, $1,333.
New York 8c Harlem.—
Owns from New York City to Chatham
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Boston &
Albany Railroad is used. Also owns the Fourth Avenue street railroad.
L e a s e .—The property (except the horse railroad) was leased April 1,
1873, for 401 years to the N. Y. Cent. & Hudson River RR. a t 8 per cent
dividends on the stock and the interest on the bonds.
D iv id e n d s .—The 8 per cent per annum guaranteed is paid semi-an»
nually, Jan . 1 and July 1. In addition both stocks have received divi­
dends out of the earnings of the Fourth Avenue horse railroad* annually
in April, as follow s: From 1882 to 1889, inclusive, 2 per cent yearly;
in 1890,1891.1892 and 1 8 9 3 ,2 ^ per ce n t; in 1894, 3 per cent.
E arnings .—In year 1893-94 horse railroad showed $86,296 surplus
over 3 per cent dividends. Railroad operations included in New
York Central. (Y. 55, p. 3 7 2 ; V. 57, p. 467; V. 59, p. 371.)
New York Lackawanna Wester . —fSee Map o f Delaware
8c
n
Lackawanna < Western.)—From Binghamton to Buffalo and Interna­
£
tional Bridge and branches, 214 miles, of which the m ain line, 213
miles, is double track; Delaware L. & W. has a lease for duration of
charter from October, 1882, giving a guaranty of the bonds and 5 per
cent yearly on the stock, the guaranty being endorsed on the bonds and
stock certificates. Due the lessee Ju ly 1,1893, $858,026. In year 1893
gross, $9,081,790; net, $4,334,948, against $4,189,377 in 1892; inter­
est and guaranteed dividends, $1,644,000.New York Lake Erie Western.—
8c
Jersey City to Dunkirk, N.
Y., 460 miles, w ith branches 643 miles; total 1,103 miles including:
Lines owned.
Miles.
Lines leased (continued). Miles.
Piermont, N. Y., to D unkirk.. 446 Buffalo Bradford & Pitts.RRTf 26
Branches to Attica, etc.......... 105 Buffalo New York & E rie RR1F 140
Lines leased —'IFSee each co.)
Suspen. Bridge &Erie J.RR1F. 24
Jersey City to Suflferns, N. Y.
Rochester & Genesee Val.RRIF 18
Long Dock Co.’s R R ...
1
Buffalo ¿S outhw estern RR1F- 66
P aterson & Hudson IF.......i
„1 N orthern of New Jersey RR11. 26
Paterson & Ramapo T -__ (
F
Sundry short lines...................176
Union R R ................ ......... . j
Jefferson RR1F........... , . . . . ....... 45
Total N. Y. L. E. & W ... f . .1,103
Also leases New York Pa. & Ohio and branches, 598 miles, and owns
entire stock of Chicago & Erie (which see), owning from Marion, O., to
Hammond, Ind., 249 miles, and leasing trackage over Chicago & Western
Ind., 20 miles, to Chicago. Grand total Oct. 1,1893,1,970 miles.
H isto r y , &c .—The New York & Erie Railroad was reorganized
as Erie Railway Company in 1861, and sold under the second consoli­
dated m ortgage in 1878; reorganized as a t present June 1,1878. Erie
holds $4,500,000 Chicago & E rie incomes and all its $100,000 stock
and guarantees interest on its $12,000,000 first 5s—see th a t company.
R e c e iv e r s h ip .—On Ju ly 25,1893, John King and J. G. McCullough
were appointed receivers.
I n te re st P ayments .—The only coupons in default in May, 1894,
were those of the first lien m ortgage due November, 1893, and May 1,
1 8 9 4 ; and 2d consol, and funded coupon bonds of 1878 due Dec, 1893.
R eo rganization .—On Jan. 2,1894, a reorganization plan was pre­
sented, securities assenting to be deposited with Drexel, Morgan & Co.
The plan (V. 58, p. 43) provides for the issue of a $70,000,000 5 per
cent 100-year consol, m ortgage with adequate foreclosure rights and to
cover ail the property of the company, including its lease of the N. Y.
Penn. & Ohio Railway and the Chicago & E rie Ry. capital stock. The
new bonds to be applied as follow s:
(1.) $33,597,400 to acquire second consols a t par.
(2.) $4,031,400 to acquire fun d ed coupon bonds of 1885 a t par.
To make these exchanges bondholders pay a cash assessment equa
to 2 2 ^ per cent of their holdings, receiving therefor new bonds a t 90.

September , 1894,]

RAILROAD

STOCKS

AND

BONDS.

99

Bonds—Princ i INTEREST
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—Last
of
vnr expiai on flrst page of tabieB. &c., see notes of
explanation of column headings,
For
Whom.
Dividend.
Cent. Payable
Bonds Value.
Road.
W York Lake Erie dt Western—( Continued.)—
ere
N Y L. E. & West, funded coupon bonds, gold.c*
1st lien mort., gold, sink, fund (not draw n).. .c*

2d eonsol. m ortgage bonds, g o ld .......................o' ^
2d consol, funded coupon bonds, gold............e* x

Collat. tru st bonds, s. f. draw n a t 110, gold..o*
Funded coupon bonds, gold (red. at 105).......c*
Income bonds (non-cumulative)..........................
Old car trusts, ser. B. to G. incl., p artpd. a n n . c*
New car and engine tr u s ts ............. .
N Y. Car trust, 1888, ser. A. (guar, oy D. & H .)..
Long Dock Co.cons.M.,g.(now 1st M.) (seetext).c*
Newburg & N. Y. 1st mort., extended in 1889..c*
N Y. L. E. & W. C. &RR. IstM ., gu. p. & i.(end.)o*
N Y.L.E. & W. D & I. Co. IstM ., see v. 56,p. 82.c*
N Y < Long Bt anch—See Central of N. J.
f>
y y . dt N. England—Stock ($20,000,000 authoriz’d)
Pref. stock, 7 p. ct. cumulative, without in te re s t.
Receivers’ certificates..............................................
1st mortgage ($6,000,000 are 7s)........................o '
2d mortgage ($998,000 were 5s till Feb.,’92).c*&r
Consolidated m ortgage for $25,000,000, gold—
Boston Terminal 1st mortgage for $1,500,000. c*
Due on purchase Curtis W harf...............................
Due on purchase Piper’s Wharf..............................
Mortgage notes on land a t Springfield & H artford
Notes securing equipm ent lease (see tex t)..........c
Locomotive notes (bal. due Jan. 1,’94, on 10 eng.)

526
534
c
>

_
—
12
—

1878
1878
1878
1878
1882
1885
1878

_

1888
1885
1868
1882
1883

$500&c. $3,705,977
1,000
2,500,000
500 &c. 25,000,000
500 &e. 8,597,400
1,000
3,344,000
4,031,400
1,000
30Ó &c.
508,008
1,000
3,418,000
1,000 £ 2,661,661
7,500,000
1,000
1,000
250,000
3,000,000
1,000
4,000,000
1,000
100
100

321
360

....
....

1876
1882
1892
1889

1,000
1,000
1,000

1890
1893

1,000

(3.) $508,008 to acquire the present income bonds a t par.
Bondholders making this exchange m ust pay a cash assessment equal
to 90 p. c. of their holdings, receiving in retu rn new bonds a t 90.
(4.) $9,915,208 to be taken by bondholders as above.
(5.) $6,512,800 to be reserved to acquire or provide for the present
reorganisation first lien and collateral tru st bonds.
(6.) $15,435,184 reserved for construction, equipment, betterm ents,
etc., not exceeding $1,000,000 in any one year, except th a t $500,000
per y^ar additional may be used to acquire existing car tru st liens.
In March, 1894, Drexel, Morgan & Co.’s certificates of deposit for second
consols of 1878 and forfu n d e d counon bonds of 1885 were listed onN. Y.
Stock Exchange. In May, 1894, more th an 80 per cent of all classes of
securities called for had been deposited thereunder and the new con­
sol. mortgage had been recorded. See Y. 58, p. 941.
E. H. H arrim an, 43 Wall Street; Henry Budge, 28 Broad Street; John
J. Emery, and Sidney Webster, constituting a committee of bondholders
in opposition to the above plan, request bondholders to send names and
amounts of holdings to Central Trust Company, New York, See V. 58,
p. 383, 430, 474, 636,1109.
Capital Stock .—Preferred stock has a prior right to 6 per cent
(non'-cumulative) from the net profits, “ as declared by the board of
directors,” but the U. S. Supreme Court held, in 1886 th a t this stock lias
no legal right to claim a dividend, though net earnings are sufficient.
Dividends on preferred stock from 1882 to 1884, 6 per cent—none
afterwards till Jan. 15,1892, when 3 per cent was paid; none since.
Bonds.—The first lien bonds o f 1878 have a sinking fund of $100,000
yearly and m ight be called for payment, but the company “ has decided
that redemption shall be by purchase only.”
For second consolidated mortgage see Su ppl e m e n t of March, 1894.
The collateral trust bonds of 1882 (the U. S. Trust Co., trustee, see V.
38, p. 509), are subject to call a t 110. The second consolidated funded
coupon bonds of 1885 were issued to fund three past-due coupons and
the coupon of June, 1886, the coupons being deposited as security.
See full description of Long Dock 6s in March, 1894, S u ppl e m e n t .
The N. Y. Lake Erie < W. Coal < RR. bonds are guaranteed, principal
6
6
and interest (by endorsement on bonds), the property being leased to
Erie till July 1,1925, a t a rental equal to interest. See V. 51, p. 752
and description of property in V. 52, p. 642.
Of the $4,000,000 Dock < Improvement Company’s bonds, $604,000
6
are deposited under Erie’s collateral tru st of 1882. See Y. 56, p. 82.
On Oct. 1,1893, the new car trusts amounted to $1,752,156, the new
engine tru st to $909,505, and old car trusts, $3,418,000.
F loating D e b t .—On Mar. 31,1894, the floating debt was reported as
about $9,000,000, exclusive Of $6,000,000 car trusts. There were loans
and bills payable Ju n e 30, $3,403,449; interest on funded debt due,
$2,340,785; due for supplies, $1,176.378; rentals of leased lines due
and unpaid, $354,921; due receivers for claims paid, $4,639,018.
E arnings .—For 9 months ending June 30,1894, deficit under inter­
est, taxes, rentals, etc., was $968,545, against surplus of $636,980 in
1893. Y. 59, p. 291. Frcm Oct. 1 to Ju ly 31 (10 m onths):
10 months— Cross.
Net.
Due leased lines. Bal., net.
$5,811,288
$1,844,611
$3,966,677
1893-94........... $20,705,037
1892-93........... 24,883,889
7,937,047
2,205,168
5,731,879
Annual R e p o r t .—Fiscal year ends September 30. Annual meeting
Isheld on last Tuesday in November. The annual report for the year
1892-93 was published in the C h r on icle , V. 57, p. 918, 936. The
gross earnings include the N. Y. Penn. & Ohio and all the leased lines.
Year ending Sept. 30.
1891.
1892.
1893.
Miles operated Sept. 30.................
1,698
1,968
1,968
Total gross e arn in g s..................... $30,090,699 $31,261,784 $29,993,160
Proportion paid leased lines......... 2,587,066 2,628,043 2,652,534
Leaving as gross re v e n u e .............$27,503,633 $28,633,741 $27,340,626
Total operating ex p en ses............ 20,243,936 21,466,784 20,147,778
Net earnings.................................... $7,259,697 $7,166,957 $7,192,848
P. 0. oper. exp. to total gross earn’s. 67*2763
68*667
P R O F IT AND LOSS STATEM ENT.

Year ending Sept. 30—
1891.
Total credits......................
$8,299,730
Expenses—
Pavonia ferries....................... $323,962
Interest on funded debt........ 4,688,880
Interest on loans....................
114,592
Interest on mortgages, & e... '
25,590
Interest on equipm ent..........
294,438
Rentals of leased lin e s .......... 1,518,086
Taxes.........................................
120,239
Claims of prior y ears.............
51,955
Other debit item s....................
156,610

1892.
$8,307,798

1893.
$8,236,756

$327,922
4,680,781
176,803
9,275
303,836
1,609,673
128,478
89,375
248,396

$312,760
4,680,781
129,897
8,800
254,151
1,614,188
142,651
46,509
129,581

Balance, surplus.................. $1,005,378
$733,259
$917.438
-(V. 56, p. 247,793; V. 57,p.164,179,298,341,342,511,548,638,723»
765,894, 9 1 8 , 9 3 6 ,9 3 8 ,1 0 8 3 ; V. 58, p. 43, IT8, 2/3, 263, 345, 383»
430, 458,595, 636, 716, 864, 941,1073, 1109 ; V. 59, p. 291.)




M.
M.
J.
J.
M.
J.

&
&
&
&
&
&

8.
N.
D.
D.
N.
D.

New York and London.
May ,’93,coup, last paid.
June, ’93, coup, last pd.
June, ’93, coup, last pd.
N. Y., 21 Cortlandt St.
do
do
Paid 6 p.c. Jan. 15,1893
Various N. Y., 21 Cortlandt St.
do
do
do
do
J. &‘‘J.
6 g. A. & O. N. Y., Drexel, Morgan.
J. & J. N. Y., 21 Cortlandt St.
5
do
do
M. & N.
6
do
do
J. & J.
6

7
6
6
6
6
5
6

g.
g.
g.
g.
g.
g-

11

20,000,000
3,816,000 See text. M. & N.
J. & J.
See text.
10,000,000 6 & 7 J. & J.
F. & A.
5,000,000
6
See text.
5 g. J. & D.
1,500,000
4
A. & 0.
52,000
Boston.
M’thly.
200,000
6
39,300 5 & 6
F. & A. Boston, ÓidCoìonyTr. Co
6
360,910
112,545

Sept. 1, 1920
Dec. 1, 1908
Deo. 1, 1969
Deo, 1, 1969
Nov. 1, 1922
Dec. 1, 1969
June 1, 1977
1900, ’02, ’05
By Aug., 1898
$63,000 Jan. 1
Oct. 1, 1935
Jan. 1, 1929
May 1, 1922
July 1, 1913
Nov., 1891
Jan. 1,
Aug. 1,
June 1,
Apr. 1,
Dec. 23,

1905
1902
1942
1939
1896

Aug.,’95 t o ’97

N e w Y o r k & N e w E n g la n d ..—Road extends as follows:
Lines Owned.
Miles. Leased. (* See separate statement.)
Boston to Hopewell June, N.Y.215 'Norw ich & Worcester R R ....... 66
Wicopee to Fishkill L anding... 2 Rhode Island & Mass. RR......... 14
Providence to Willimancic....... 58 Rockville R R ..................... ........ 5
Newton to Woonsocket, R. I .. . 29 B. & A. RR., in Springfield....... 1
E ast Thompson to Southbridge 17 Milford & Woonsocket, e tc ....... 20
E ast H artfort, Ct., to Springf d 27 'Providence & Springfield RR. 28
Other lines................ . ................ 12 Woonsocket & Pascoag R R ---- 10
*Mer. W aterbary & Conn R— 30
Total m ain track owned........ 360
Total leased lines operated.. 174
Double tr a c k .............................. 114
Trackage, Hopewell Junction to Wicopee Junction, 1 1 miles, and in
Providence to station, 1-10 miles. Total operated Jan. 1,1894, 545 nx
Its trains are also h a u le i over New London Northern RR. from
Norwich to New London, 13 miles. Comp m y controls, through lease
of N. & W. the Norwich & New York Transportation Co.’s line of
steam ers between Norwich, New London and New York, 125 miles.
Organization .—Successor in 1873 to Boston H artford & Erie RR.
R e c e iv e r s h ip .—On Dec. 27,1893, tem porary receiver was appointed,
and on Jan. ¿4,1894, Thomas C. P latt and Marsden J. Perry w ere made
perm anent receivers. V. 58, p. 178. In September, 1894, the receiverswere granted the right to operate the branoh lines.
R eorganization Com m ittee .—John I. W aterbury, No. 1 Nassau St.,.
N e w ’io rk ; H. W. Cannon, Chase National Bank, New York, and T.
Jefferson Coolidge, Jr., Ames Building, Boston, Mass.; depositaries,
M anhattan Trust Co., New York, and Old Colony T rust Co., Boston.
R eorganization .—Plan of April, 1894, has been accepted by holdersof nearly all the stock and most of the 2d mortgage bo ids (Y. 58, i>
.
941). Itprovides for a new company with$17,500,000 new m ortgage 5s,.
$5,000,000 new 5 per cent non-cumulative preferred and $20,000,00(>
new common stock.
(1.) Of new 5s $10,000,000 to be reserved to retire old firsts, but the
committee may extend the old bonds a t lower rate of interest or leavethem undisturbed. (2.) Old seconds to receive for each bond and in­
terest to Aug. 1,1894, either $424 in cash and $675 in new 5s, or alL
cash for par and interest as above. (See V. 58, p. 815.) (3.) T erm inal
bonds are undisturbed. (4.) Each share of old pref. stock on paym ent
of $25 to be exchanged for $125 in new pref. (5.) Each share of old
common pays $20 and exchanged for $100 new common.
On preferred stock $6 25 and on common $5 per share was payable
May 20,1894; balance of assessments in like instalm ents on calls a t
intervals of not less than 30 days, payable in 10 days; second in stal­
m ent was payable Ju ly 16; “ th ird ” on August 21.
After completing the above exchanges there will be available for th e
floating debt, betterm ents, etc., $4,135,000 of new 5s and $230,000
new preferred. If the assessments are paid on the entire outstandingstock the new company will receive $4,954,000 in cash.
Stoqk.—Common includes $169,000 “Berdell Bonds” conveitible.
D iv id e n d s .—On pref. from 1886, when issued, to Nov., 1891, both
incl., 7 p. c. yearly. Dividend May 2,1892, was enjoined. Y. 54, p. 964.
R e c e iv e r s ’ Cer t ific a te s —f ir s t Mortgage in t e r e s t . —In Ju n e,
1894, upon application of a m ajority of all interests, the court per­
m itted the issue of $500,000 6 p. c. receivers’ certif., of which $330,000
to pay interest on first mortgage bonds due Jan. 1,1894. Tnis interest
was accordingly paid, preventing suit for foreclosure, such suit being
possible only after six m ouths’ default. The certificates are to be
paid out of income. A further issue of $927,679 certificates w as
authorized in September, 1894, a t not exceeding 5 per cent interest.
Equipm ent notes m ature Aug. 1, 1895 and 1896, $100,000 yearly;
Aug. 1, 1897, $160,910. June 30, L894, there were also equipm ent
notes for $12,823; loans and bills payable, $675,000.
Second mortgage interest due Feb. l was not paid. V. 53, p. 223.
L eased L in e s .—As to liability on leased lines’ securities, see each.
L atest E arnings .—For 6 months ending June 30:
6 mos.—
Cross.
Net.
Other Inc. Ini., Taxes, etc. Bal.,Defi
1 8 9 4 .. ..$2,473,256
$504,270
$872
$933,636
$428,494
1 893.. .. 3,098,570
756,765
3,340
944,373
184,268A nnual R e p o r t .—Fiscal year ends Dec. 31. Annual meeting in Bos­
ton second Tuesday in March. Annual report for 1893 in V. 58, p. 473..
Year ending Dec. 31— *
L891
1892.
1893.
Total gross earnings...................... $0,229,030 $6,220,494 $6,019,208
Net earnings....................................$1,915,684 $1,808,347 $1,561,236
Other receipts..................................
7,204
• 5,354
5,351
Total income..............................$1,922,888 $1,813,701 $1,566,587
Rentals paid.........................-........... $460,240
$476,479)
Interest; etc...................................... 1,116,056
1,143,250 £ 1,893,986
Taxes........ ............ . . . . . . . . . . . . . . . . .
264,704
254,4031
7 p. c. div. on pref. stock...............
210,000
............
............
Balance, surplus............................ def.$128,172 def.$60,431 df,$327,399
-(V . 57, p. 299, 511, 722, 764, 809, 854, 894, 939, 1122 ; V. 58, p. 43,
178, 223/263 306, 345, 47 3 , 476. 5131 550. 595, 682, 716, 762, 774,
815, 902, 904, 941, 987,1109; V. 59, p. 70, 332.)

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September 1894. J
»

KAILKOAD

STOCKS

AND

95

BONDS.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Princi­
INTEREST OR DIVIDENDS.
------r a il r o a d s .
pal, When Due.
Miles Date Size, or Amount 1
Where payable, and by Stocks—L ast
Rate per When
of
P ar
sw exnlanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value Outstanding Cent. Payable
1
*
on first page of table.
$100 $37,942,900 See text. Q .-J . New Haven, Co.’s Office. Oct. 1, 1894
hue Fork New Haven < Hartford—Stock. See text.
£
J. & D. N. Y., Chem’al Nat. Bk. June 1, 1903
4
i£t mortgage (for $5,000,000).........................- - - r Ì23 1883 1.00060 2,000,000
See tex t.
New York.
A. & O.
4
1893 100 &c. See text.
D e b ^ tu res ($15,000,000) exch. for stockl903. .«*
J. A J. N. Y., Central T rust Co. Jan. 1, 1899
7
1,000,000
1,000
N Y Prov. A B. IstM ., Prov. to Ston.(assumed).o* "50 1869
Apr. 1, 1901
do
do
A. & O.
4
300.000
1,000
12 1881
1st M. (Stonington to New London) assumed.c*
Apr. 1, 1942
do
do
1,000,000
1,000
62 1892
4 g. A. A O.
Gen’lm o rt. for $4,000,000, gold, assumed..c&r
B onds o f P r o p r ie t a r y , etc ., L in e s :
N.Y., Lincoln Nat. Bank Aug. 1, 1905
F. & A.
5
500.000
1,000
51 1880
Bos &N.Y. AirL. lstM .,N . H .to Williman., Ct.c*
Ju ly 1, 1920
500.000 5 & 6 J. A J. New Haven ,Conn.
1,000
36 1880
Danbury & Norwalk con. M. ($100,000 are 6s).c
Apr. 1, 1925
do
do
A. & O.
5
150.000
100
36 1883
Genl. M.,Danbury,Conn.,to Wilson Point, &e.c*
2,000,000 6 & 7 A. & O. N. Y., Chem’al Nat. Bk. Oct. 1, 1903
1,000
12 1873
Harlem River A Portchester 1st mort. g u a r. .e&r
June 1, 1911
do
do
J . & D.
4
1,000,000
1,000
12 1881
2d mortgage, guar. (See V. 56, p. 813)........ c&r
Apr. 1, 1910
A. A O. New H aven, Conn,
4
100.000
74 1880 500 &c.
Housatonio old consolidated m ortgage................
Oct. 1, 1912
do
do
A. & O.
5
61,000
1882
Danbury Branch bonds, subject to call—,.. — .
M. A N. N. Y., Farm. L. A Tr. Co. Nov. 1, 1937
2.839.000
1,000
"80 1887
5 gNew consol, m ortgage (for $ 3 ,000J) 00) gold .c
Ju n e 1, 1913
J . & D. New Haven, Ct., Treas.
4
150.000
55 1883 1.000&C
Naugatuck IstM ., Nauga. Juno, to Winsted, C t.r
Feb. 1. 1900
F. & A. New Haven, Conn,
225.000
7
13 1870 500 Ao.
New Haven A Derby 2d m ort. (now 1st)............o
May 1, 1918
do
do
M. & N.
1,000
5
575.000
13 1888
Consol, m ort for $800,000........ ........................ o
Feb. 1, 1900
do
do
F. A A.
480.000
6
1,000
1888
Funded coupon certificates................................. Aug. 1, 1900
do
do
F. & A.
6
175.000
1888
Real E state Certificates............... ..........................
1910
do
do
F. & A.
6
71,900
1888
J A. Bostwick certificates..................... .............Jan. 1, 1899
J. & J. N.Hav.,N. Tradesm’sBk
7
1.300.000
1,000
N Hav.& North. 1st M.,N. H.to ConwayJ. .Mass, o* "92 1869
Apr. 1, 1909
do
do
A. & 0.
1,200 000
6
1,000
Consol, sink. fd. $15,000 per year, not drawn.o* 114 1879
Apr. 1, 1911
do
do
A. & O.
5
700.000
1,000
27 1881
Northern Extension bonds.......................... - - -c*
Ju ly 1, 1896
do
do
J. & J.
5
700.000
1,000
1886
Bonds (not mortgage) convertible into stock..c*
Apr.’98A1911
do
do
260.000 4 & 6 A. & O.
1,000
Holy & W., leased, 1st & 2dM., ($200,000 gu.)c* " Ï7 1870
Old Colony—See th a t company. K; . ' '•_
200,000
413 M. & S. N. H., Nat. N. H. Bank. March, 1910
49 1880 1.C00&C
Shore T-in« 1st M., N. H aven to N. London, Ct—
J. & D. N. Y. Office & London. Ju n e 1, 1939
5.600.000
U v Ont.dW.—Oon.M.,nowlst,g.,red.at 105in ’99.C‘ Text. 1889 $ or £
4 g. M. & S. N. Y. Office, 56 Beaver. Ju n e 1, 1992
Refunding mortgage for $20,000,000, gold...c*<fcr Text. 1892 1.00060 7.625.000
6 g. M. & S. N. Y., Farm. L. & Tr. Co. Mch. 1, 1895
$500&c. $8,000,000
New York Penn. dOhio—Prior lien M., gold, $ A£.e* 431 1880
Ju ly 1, 1905
See text.
J.
1st mort., gold, $1,000 or £200 a t hold, option.cr 431 1880 500 &o. 44,342,000
1 g. J . & N.
May, 1910-15
None paid.
5 g- M. &
9
A 3d Ii4.7inc!, gold. $ & £ (3d M. $30,000,000) c* 431 1880 500 &e. 1 44,500,000 1
N e w Y o r k N e w H a v e n Sc H a r t f o r d . —Owns from Woodlawn,
N Y to Springfield, Mass., 122 miles; branches to New B ntam , Middleto'wn’ New Canaan, etc., 75 miles; N. Y. Providence & Boston Division,
.
New London to Providence, 62 miles, and branches, 23 miles; to tal
owned 282 miles, of which 22 miles has four tracks; leases, and for
the most p a rt practically owns, lines running to Winsted, Conn.,
Turner's Falls, Mass., Willimantic, Conn., etc., 501 miles; also leases
Providence & Worcester, 48 miles; has trackage into New York, 12
miles, and other trackage, 5 miles; Old Colony (which see) 603 miles
.{since Ju ly 1,1893); to ta l Ju ly 1,1894,1451 miles.
H i s t o r y . — A consolidation in 1872 of the New York & New Haven
and the New Haven & H artford. The N. Y. Providence & Boston was
formally merged with the New H aven in 1893 and a m ajority interest
thereby secured in the Providence & Stonington Steamship Line.
In October, 1892, the Housatonio Kailway, the New Haven & Derby
and the D anbury & Norwalk were leased for 99 years, and their stock
exchanged for stock of the New Haven company on certain term s. See
V 55, P. 463, 501. See also V. 56, p. 579. In 1893 the Old Colony
road was leased and its stock offered an exchange for lessee’s sto c k see Old Colony. Through the Old Colony BE. control was acquired of
the Old Colony Steamship Company. In March, 1893, an agreement
was made with Boston & Maine. Y. 56, p. 865.
Ca pita l Stock .—Stock authorized, $100,000,000. I t m ay be issued
for improvements, buying stocks and bonds of leased roads, &c.
Authority to increase the capital stock to $100,000,000 was granted
bv the Connecticut Legislature in February, 1893. Of the increase
*15 000,000 will be needed to take up the convertible debentures in
1903 (V 56, p. 289, 373, 579.) See President’s statem ent as to
acquisitions in V. 56, p. 579. Stock outstanding is given as reported by
New York Stock Exchange Sept. 17,1894.
D i v i d e n d s . — From 1872 to April, 1894, inclusive, 10 per cent yearly
paid, 2*2 p er cent quarterly; in July, 1894, only 2 p. o. was paid; Oct., 2
p. c. See V. 58, p. 1034.
B onds.—The convertible debentures of 1893 for $15,000,000 are ex­
changeable a t option of holder “on April 1,1903, or within 60 days
thereafter, and no longer,” for company’s stock a t par. If not then
exchanged they will m ature and be paid m cash April 1,1908. The
subscriptions for them were payable in instalm ents of 25 per cent cash
on April 1,1893, Oct. 1, 1893, April 1, 1894 and Oct.. 1, 1894, re­
spectively. The proceeds will be held as tru st fund and disbursed only
for completion of four tracks on N. Y. division, including Harlem River
branch, for completion of two tracks between New H aven and New
London, for term inals a t Providence, New Haven, New York, etc., for
•equipment, elim inating grade crossings, etc. See V. 55, p. 1035. On
dune 30,1893, $13,122,800 had been subscribed for. Listed on N. Y.
Stock Exchange in Sept., 1894, $1,150,000.
Under the lease the New H aven road “ assumed” the debt o f Old
Colony road. The bonds of the Providence Company are n 9W direct
obligations of the New Haven Company, legal m erger having taken
place in 1893. Of the Providence Company's $4,000,000 of general
mortgage bonds $1,300,000 can be issued only to retire prior bonds at
m aturity. In addition to bonds given in table there are outstanding
Colchester Railroad 1st mortgage 7s, $25,000; P aw tuxet Valley 2d
mortgage 6s, $60,000. (See V. 54, p. 964.) There are “ deferred La­
bilities. $323,500, being rolling-stock certificates and certificates of
indebtedness of the Housatonic BR., due 1894 to 1899. Loans and bills
payable Ju n e 30,1894, $3,000,000.
L e a sed L in e Stocks .—The stocks of the leased lines unexchanged
on Nov 1,1893, and the dividends payable thereon are shown below,
the shares being all $100 each excepting D anbury & Norwalk, which
are $50 each. The leases are for 99 years.
....
v
UnexDivid'd Divid'd
Storks—
Total issue.
changed, per an. period.
Berkshire
$600,000
$599,000 6 p. C. Q .-J .
1,427,500 4 p .c . A. AO.
b ; & i T y . Air Line pref............ 3,000,000
do
do
common.. 864,231
864,231 Pays no divid’d.
D a n b u r v & Norwalk.................. 600,000
153,600 5 p. c. J . & J.
Housatonic pref. . . . . ......
2,891,100
638,300 1 p. c. July.
Naugatuck ............................... 2 000,000
1,044,900 10 p. c. J. & J.
N lL & Derby (1)...................... 447,000
97,300 3-4
J. & J.
n ! H. & Northam pton (2).........2,460,000
„££’§99 ^-4
A. & O.
Old Colony .............................. 13,878,500
8,360,o00 7
Q--—
JShore Line (3).............................1,000,000
193,200 7*4
J . & J.
Stockbridge & Pittsfield.......... 448,700
447,200
6
Q. J.
(1) A fter Ju ly 1,1895, pays 4 per cent. (2) A fter April, 1896, pays
4 per cent. (3) Generally 3 ^ per cent in January, and 4 m July.
A n nual R e p o r t .—Fiscal year ends Ju n e 30. A nnual m eeting is
held th ird Wednesday in October. Report for 1892-93 was in V. 57,p.
635. Figures for 1893-94 include operations of Old Colony, not here^°The rem jrtf states th a t “ the construction work of the Providence
term inals has been continued. The disbursement s by the various rail­
roads interested now am ount to $906 067 69. Probably a special issue
of bonds will be made by the New York Providence & Boston and Old
Colony Railroad Term inal Company to m eet the cost as authorized by
th e Legislature of Rhode Island. Im portant improvements are in
progress a t Brockton and in the City of Boston, both a t South Boston
and along the Boston & Providence road.”




Tr. end. June 30. 1891.
Miles operated..
508
Gross earnings..$11,323,617
Net earnings.___ $3,394,715
Other income___
188,365
Tot. netincom e $3,583,080
Interest paid.......
$80,000
R e n ta ls_______
984,06®
T a x e s .._ __ . ..
_
616,923
Dividends (i.0%).. 1,865,000

1892.
1893.
1894.
508
848
.„4>44Y .
$11,913,701 $17,923,068 $25,281,876
$3,640,690 $5,517,134 $7,349,167
189,238
400,418
404,489
$3,829,928
$80,000
981,685
605,962
2,103,750

$5,917,552
316,165
1,757,531
845,858
2,945,535

$7,753,656
590,543
3,379,975'
1,409,460
3,631,293

Balance, surplus. $37,097
$58,531
$52,463 df.$1,257,615
—(V 56. p. 42, 83,127,164, 227, 247, 263, 289, 373,464, 579,793,835,
865,1015; V. 57, p. 469, 6 3 5 , 722, 809, 853, 936, 1084; V. 58, p. 816,
1034; V. 59, p. 512.)
N e w Y o rk : Sc N o r t h e r n . —See N ew Y ork & P utnam.
N e w Y o rk : O n t a r io *fc W e s te r n .—(See Map.)—Owns Oswego;
N Y to Cornwall, N. Y., 272 miles ; branches to New Berlin, 22 miles;
to' Delhi, 17 miles ; to Ellenville, 8 miles ; total owned, 319 miles ; leases
Randallsville to Utica, 31 miles, and Clinton to Rome, 13 miles; (in perpetuitvl Ontario Carbondale & Scranton Railway, Hancock, N. Y., to
Scranton, Pa., 54 miles; W harton Valley RR., 7 m.; trackage -W est
Shore RR., Cornwall to Weehawken, 53 miles ; to tal operated, J u 'y 1,
1893,477 miles.
Organization.—The New York & Oswego Midland was sold in fore­
closure Nov. 14,1879, and this company organized.
Stock .—Stock is $58,119,982, (par, $100), of which $6,000 is old pref.
B onds, E tc .—The mortgages eover 319 miles of road owned, and aU
securities of Ont. Carb. & Scran. Ry., 54 miles, are owned and pledged
retire $5,600,000 consol. 5s, balance for improvements, &c. The m ort.
covers all the company’s property, real and personal, acquired and to
be acquired; mortgage trustee is The Mercantile Trust Co. The 5 per
cent bonds are redeemable in and after 1899 a t 105 and accrued in ­
terest. The $6,500,000 of new fours issued entailed an additional charge
of only $20,000 per annum, after making allowance for the saving in
interest from refunding the flrstm ortgage 6s. In Dec., 1893, $875,000
refunding 4s w ere issued for additional equipm ent, etc. See V. 54, p.
444,683,721,954. There art* $75,000 W harton Val. guar. 5s, due 1918.
E arnings.—1 month, > 1894, gross, $369,781; net, $122,612
July 1 to Ju ly 31. $ 1893, gross, 398,091; net, 136,571
Annual R eport .—Fiscal year ends June 30. Annual m eeting last
Wednesday in September. R eport for 1892-93 w as given a t length in
V. 57, p. 546, 555: see also V. 57, p. 530. Coal traffic in 1892-93 w as
1,352,225 tons, against 1,120,416 in 1891-92 and 811,485 in 1890-91.
Figures for 1894 are from quarterly reports to State RR. Comm rs.
Tear ending June 30.
1892.
1893.
1894.
*3,26M 17
$ 3 ,6 8 8 !m
*3,842,21»
O perat’g expenses and taxes. 2,461,136
2,798,226
2,732,539
$889,948
$1,109,680
Balance, n et earnings—
$804,281
$965,008
$1,184,770
Tot. netincom e, incl. “other.” $879,306
528,349
>
Interest on m ortgage bonds..
507,261
Or. 633
>765,104
Miscell. interest and discount Or. 11,559
180,439
)
R entals paid ............... .............
176,585
_________
_________
Balance, surplus..................... $207,019
$256,853
$419,666
—(V 56 p .290, 502; V. 57. p. 340, 341, 5 3 0 , 5 4 6 , 548, 5 5 5 ,5 5 6 ,8 5 4 ,
1040; Y. 58, p. 245, 817; Y. 59, p. 423.)
N e w Y o r k P e n n s y l v a n i a Sc O h io .—Owns from Salamanca, N.Y.,
to Dayton, O., 388 m iles; branches—to Oil City, 34 miles, other
branches, 9 miles; total owned. 431 miles. Leased Imes—Cleveland A
Mahoning Valley RR., 124 miles; Sharon Railway, 16 miles; New Castle
& Shenango Valley, 17 miles; Youngstown & Austintown Ry., 10 miles;
W esterman RR., 2 miles; total leased, 169 miles; to tal operated. 600 m.
H istory .—Formerly Atlantic & Great Western RR. Leased to E rie
for 99 years from May 1,1883. In July, 1893, th e E rie w ent into r e ­
ceivers’ hands. The receivers pay over the net earnm gs of the N. Y.
P. & O. property, leaving any ren tal differences to be settled w ith th e
E rie Co.
Stock .—Stock is $44,999,350—par $50—voted by five trustees.
L ease .—Rental 32 per cent of all gross earnings until these reach
$6.000,000, and this proportion decreases by 1-10 of 1 per cent for each
$100 000 of gross earnings above $6,000,000 until the gross earnings
are $8,000,000. See also other provisions in V. 49, p. 793.
B onds.—F irst mortgage interest not earned is payable in deferred w ar­
rants. to be capitalized in bonds of the same class; paym ent of interest to
become absolute not later th an Ju ly 1,1895, and until July 1» 1895.
the right to foreclose the mortgage is suspended. On the second ana
third mortgages there is no right to sue the company or to foreclose.
1July, 1894, interest on first m ortgage was paid in deferred w arrants-

®6
INVESTORS’
SUPPLEMENT,




S e p t e m b e r , 1894, J

RAILROAD

STOCKS

AND

BONDS,

97

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds—Prino
INTEREST OR DIVIDENDS.
RAILROADS
pal,When Due.
Miles D ate Size, or
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
C ent Payable
Road. Bonds Value.
on first page of tables.
1908 & 1910
London.
Various
£427,842
5 g.
’88-’90 £100
V YPa.dt O.—Ooncl.—Eq. tru st s.f. 3 p.c. (dr’n a t 100)
24,544,755
Deferred int. w arrants, conv. into 1st M. bonds..
Jan. 1, 1923
See text.
J. & J.
1.848.000
1,000
V Y Phila. dt Norfolk—1st M., $16,500 p. m., gold.c* Ï12 1883
Oct. 1. 1933
1 > J. & J.
1,000,000
1,000
income mort., gold, non-cum., $10,000 per m ile.r 112 1883
Oct. 1, 1927
New York City.
A. & O.
1.200.000
1,000
57 1887
V Y. dt Putnam.—N. Y. & No. 1st mortgage, gold.c
1 g- A. & O. N.Y., Gr. Cent. Station. Oct. 1, 1993
4.025.000
1,000
57 1894
N Y. &P. 1st con., $6,200,000, g., gu. p.&i. end..c*
£ g- M. & S. N. Y., Corbin Bank’g Co. Sept. 1, 1927
878.000
1,000
1887
v Y. dt Rock. B ’h.—1st M., $1,000,000, gold, gu..c*
S ept 1, 1927
None paid.
i g- Jan. 1
1,000,000
1,000
1887
Income bonds, non-cumulative........................----r
100 12,810,800 See text. Various N.Y.,Of. 15 Cortlandt st Nov. 27, 1893
jo y Susquehanna < West.—Prof, stock (See te x t)...
&
6 g. A. & O. N. Y.. Nat. P ark Bank. Apr. 1, 1910
'*72 1880 500&C. 3.500.000
Midland RR. of N. J , 1st mortgage, g o ld .......... e*
J. & D. N.Y.Of.,15 Cortlandt St. June 1, 1910
250.000
1,000
1 1881
Paterson Extension RR. 1st M., real estate, g. .c
£ g'
3.750.000
1,000
5 g. J. & J. N. Y.. Nat. P ark Bank. Jan. 1, 1937
N Y. Bus.&W. 1st M., refdg,g. (2d M on73m .).c* 134 1887
557.000
41 F. & A. N.Y. Of.,15 Cortlandt St. Feb. 1, 1937
ag.
1,000
2d mort. ($1,000,000 gold) 3d M. on 73 miles.c* 134 1887
Aug. 1, 1940
do
do
1.329.000
1,000
5 g- F. & A.
General mortgage for $3,000,000, gold.......... .c* 134 1890
May 1, 1943
do
do
1893 l.OOO&o 2,000,000
5 g- M. & N.
Terminal 1st mort. for $2,000,000, gold........ c*&r
June 1, 1942
do
do
3.000.
000 5 g. J. & D.
1,000
”65 1892
Wilkesb. & E ast’n, 1st M., gold, gu. p. & i. (end.)c*
N.Y..S.Pac.Co.; London. Apr. 1, 1912
1,457,500
4 g. A. & O.
91 1882 $ & £
v T.TexasdtMex —1st. M .,g.,$or £,gu.bySo.Pac.c*
1.320.000
5 g. A. & O. N. Y., Central T rust Co. Apr. 1, 1930
1,000
Norfolk dt Carolina—1st M. for $1,500,000, gold.c* 110 1889
See
2.000.
000 text. Q .-J . N. Y., Atlantic Tr. Co. Oct. 10,1894
100
Norfolk Southern—Capital stock............................ 104
May 1, 1941
do
do
700.000
1,000
5 g. M. & N.
104 1891
1st mortgage, $10,000 per mile, gold.................. o*
See text.
100 50,000,000 See text. A. & O. Phila., 333 W alnut St.
Norfolk dt Westem^-Pret. stock, 6 pr. ct,. non-cum.
J. & J. N.Y.,Merc.Tr.Co.&Phil. Ju ly 1, 1900
5
496.000
1,000
"8 Ï 1868
N orfk& Petersb’g—2dM. (now 1st) N or.toPet’g.o
Ju ly 1, 1900
do
do
290.000 5 & 6 J. & J.
1,000
South Side—ConsoL m ort., 1st pref., extended, .o 133 1868
Ju ly 1, 1900
do
do
270,500 5g.& 6g. J. & J.
Consol. M. 2d pref., gold, extended................... c 133 1868 100 &c.
Jan. '96-1900
do
do
J. & J.
6
452,800
Consol. 3d pref., Petersburg to Lynch. & br’s-.c 133 1868 100 &c.
do
do
June 30,1900
J. & J.
5
980.000
1,000
214 1854
Virginia & Tenn. enlarged M. (extend in. 1884). .c
Mch. 1, 1900
do
do
J. & J.
8
1,000,000
1,000
4th M., now 2d, Lynchb’g to Bristol and br’ch. .c 214 1866
May 1, 1931
do
do
7.283.000
1,000
6 g. M. & N.
1881
Norf.&West.Gen.M.,Norfolkto Bristol, etc. gold.c* 428
Apr. 1, 1932
do
do
2,000,000
1,000
6 g. A. & O.
New River division 1st mortgage, gold..........c* 160 1882
Feb. 1, 1934
do
do
5,000,000
1,000
6 g. F. & A.
1883
Im provement & Extension Mortgage, gold...c* 588
Dee. 1, 1924
do
do
Q,—M.
1.500.000
1,000
Adjustment Mort., gold (red. Oet.’9 4 a tllO )..c* 588 1884
I g. M. & S.
do
do
June 1, 1957
2.500.000
1,000
5 g<
1887
ClinchVal.D.lstM.,Graham to Norton&brs.,g.c* 105
E arnings.—From Jan. 1 to Ju ly 31,1894 (7 months), gross, $3,012,- 1894 from Stroudsburg to the coal fields a t and around Wilkesbarre.
This line is built w ith 71-pound steel rails and iron bridges.
The New Jersey Midand junior securities were exchangeable into
Annual R eport .—Fiscal year ends Sept. 30. R eport ior 1892-93 in stock of this company on certain term s, and have m ostly been so
V 57, p. 1037, showed figures as below, but no n et earnings. The Erie exchanged. There are also $6,000 old firsts of 1911 and $93,500
report gives net in 1892-93 as $2,059,960, agst. $1,793,370 in 1891-92. debentures of 1897 outstanding, besides $75,000 Passaic & N. Y. RR. 6s,
O f the ren tal due from the E rie for the year ($2,269,432) $441,567 due 1910 (int. J & D) ; interest is guaranteed under 999 year lease.
was still unpaid in January, 1894.
Loans on collateral June 30,1894, $542,809.
Year.
Oross.
Rental.
Charges, lsf M. int.
Balance.
E arnings.—7 months, ) 1894........ gross, $947,950; net, $341,333
1892-93.$7,379,349 $2,327,179 $1,578,371 $303,565 sur.$445,243
Jan. 1 to Ju ly 31.
5 1 8 9 3 ......gross, 997,043; net, 428,825
1891-92. 7,209,717
2,287,358 1,608,372
693,785 def. 14,799
Annual R eport .—Fiscal year ends June 30. Report for 13 m onths
Charges in 1892-93 included: Hire of equipm ent, $273,920; rentals,
from date of consolidation to June 30,1894, was in V. 59, p. 420. and
$595,334 ; interest on prior lien bonds, $480,000; additions and better­
ments, $130,111; general expenses, etc., $99,006; total, $1,578,371. showed an increase in gross of $25,078 over corresponding period (in
1893) of old com panies; a decrease of $13,836 in net was caused by
-(V . 57, p. 511, 548, 638, 722, 7 4 5 , l u 3 7 , 1123.)
large expenditures for maintenance and improvements. In 1893-4 car­
New York Philadelphia & Norfolk.—
O perates from Delmar, ried 1,387,981 tons anthracite, an increase of 210,000 tons over pre­
Del., to Cape Charles, Va., 95 miles, and King’s Creek, Md., to Crisfield, vious year.
The following is a com parative statem ent for the calendar years
17 miles. Under a traffic contract, expiring in 1894 [see V. 47, p. 802],
the Penn. RR. Co. has purchased a portion of the coupons. I t is said named, the figures for 1893 being approxim ate.
this contract will not be extended as it is claimed the company is able
Year ending Dec. 31.
1890.
1891.
1892.
1893.
to pay its own interest. A six per cent bottom ry m ortgage for $225,- Gross earnings...................$1,592,083 $1,656,522 $1,713,909 $1,782,909
000 is due Jan. 1,1895. On July 1,1892, there were 5 per cent oar
Net earnings.................... $670,946 $716,455 $730,504 $797,634
trusts for $160,000, “ miscellaneous obligations” for equipment, $225,30,401
30,051
52,752
30,435
000, and current liabilities, including $776,100 m atured interest cou­ Other incom e..................
pons unpaid, $1,014,415. Stock, $1,714,375; par, $100. In 1893 gross
$701,347 $746,505 $783,256 $828,069
Total................
earnings were $886,727 against $795,881 in 1892; net, 194,247, against
$445,459 $469,586 $501,463 )
$156,446 in 1892 and $155,739 in 1891. (V. 47, p. 807; V. 57, p. 1123.) In tere st on bonds
26,446
26,446
26,725 > $587,301
New York & Putnam.—
Owns from 155th Street and 8th Ave. R entals..................
25,776
14,993
2,906 )
N. Y. City (terminus M anhattan Elevated), to Brewsters,N. Y., 54 miles Miscellaneous.__
............
100,000
200,000
............
double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles D ividends............
H istory .—Successor to the N. Y. & Northern, sold under foreclosure
Surplus...................... $203,666 $135,480
$52,169
of 2d mort. Dec. 28,1893, and purchased for N. Y. Central & Hudson
—(V. 56. p. 4 6 2 ,5 7 9 , 711, 793,1015; Y. 57, p. 469, 511, 512, 854; Y.
River RR., which operates it under lease. V. 58, p. 127.
58, p. 178, 306, 866; V. 59, p. 420..)
Stock .—Capital stock is $6,500,000; par, $100.
New Y ork Texas & Mexican.— from Rosenberg to Vic­
O wns
B onds.—The N. Y. Central guarantees the $6,200,000 of new consol,
mortgage bonds; of which $1,000,000 were reserved for improvements toria, 91 miles. Stock, $630,040, of which Southern Pacific Company
owns all but $22,040. There are also $60,500 old sixes outstanding.
and $1,200,000 to be held to retire a t m aturity the first mortgage 5s.
Annual R eport .—E arnings (sineeFeb., 1894) are included in N. Y. Operated by the Southern Pacific Co., which guarantees th e 4 p.c. bonds.
C entral Operations. Fiscal year ends June 30. Report of N. Y. & On Ju n e 30,1893, loans and bills payable, $600,276.
E arnings.—7 m onths, ) 1894. gross, $122,355; net, $30,912.
N orthern for 1892-93 in V. 57,' p. 807, showed gross earnings $616,304;
Jan . 1 to Ju ly 31,
$ 1893, gross, 132,738; net, 31,866.
net, $59,452. V. 56, p. 373; V. 57, p. 341, 545, 807, 854, 939,1081,
1083,1123; V. 58, p. 43; V. 58, p. 127, 223, 306, 595, 636, 774.)
In 1893 gross, $272,904 ;net, 104,389; surplus over charges, $1,349.
NeW York & Rocka w a y B e a c h . - i See Map Long Island RR.)— In 1892 gross, $253,350; net, $83,311. Due Southern Pacific Co., etc.,
Owns from Glendale Junction to Rockaway Park, w ith branch, 12 Jan. 1,1893, $614,768.
miles, mostly 80-lb. steel, of which 10 miles double tra c k ; trackage to
Owns Berkely, Va., to Edenton, N. C., 74
Long Island City, Brooklyn, F ar Rockaway, etc., 18 miles. Stock au­ m Norfolk & Southern.— Sound to Mackey’s Ferry, 9 miles v)
iles; (ferry
Albemarle
thorized and outstanding, $1,000,000; par, $100. Controlled by Long thence road to across Haven, 30 m iles; to ta l m ain line, 104 miles.
Belle
Island Railroad Company, whose endorsement is printed on first m ort­
H istory .—Successor to Norfolk Southern, foreclosed April 29,1891.
gage bonds. In year ending June 30, 1893, gross earnings were
$252,700; net, including other income, $53,363; Interest, $39,057; In July, $40,000 first 5s ¡were issued for term inals a t Norfolk, Va.
balance over charges, $14,306, against $6,487 in 1891-92. Balance
D ividends .—Paid first dividends in 1892, 2 p. e.; in 1893, 4 p. c.; in
sheet June 30,1893, V. 57, p 547. (V. 55, p. 5 4 3 ; V. 57, p. 547.)
1894, Jan., 1 p. c.; April, 1 p. c.; July, 1 p. c.; Oct., 1 p. c.
N ew Y o r k S u s q u e h a n n a & W e s t e r n . —(See Map.)—Operates
E arnings.—1 month, ) 1894, gross. $31,469; net, $7,746.
direct line from Wilkesbarre and the Wyoming Valley coal fields to Je r­
Ju ly 1 to July 31.
$ 1893, gross, 34,718; net, 8,437.
sey City opposite New York City, with branches, a total of 222 miles:
For year 1893-94 gross $435,383; net, $146,149; other income
Lines owned in fee.
Miles. I Lines leased, etc.
Miles. $2.f i l l ; surplus over charges and 4 per cent dividends, $18,186. In
Jersey City to Gravel PI., P a .. 101 | Middletown Un. & W ater GapIT 14 1892 -93 , gross, $437,160; net, $138,104. (V. 57, p. 5 1 0 , 723 ; V. 59,
[Double track 19 miles.]
I W ilkesbarre & E a s te r n Two bridges, N. J., to Union ville 21 I W ilkesbarre to Stroudsburg.. 65 p. 151,152.1
O ther branches.......................... 12 Trackage, etc.............................. 9
N o r f o lk & W e s t e r n .—(See Map.)—'This system, shown to ad­
vantage on accompanying map, consists of the follow ing:
I Total (Usee this c o .)...............222
Road leased.
Miles.
Road owned.
Miles.
H istory .—Consolidation in June, 1881, of the Midland of New Jersey Norfolk. Va., to Columbus, 0 ..7 1 0 Lynchburg & Durham—
and other railroads and on April 25,1893, w ith the Hudson River RR. Radford, Va., to Bristol, Tenn. 107
L ynehburgto Durham, N. C. 115
& Term inal Co. The W ilkesbarre & E astern, completed in 1894, and Roanoke, Va., to H agerstow n.238 Roanoke & Southern & br.—
controlled by ownership of stock, affords independent access to the Graham to N orton.....................100
Roanoke to Winston-Salem. .124
anthracite coal fields.
Nor. Car. June, to Iron Ridge. 45
Total of all June 1, 1894 ..1,574
Stock .—New preferred, $13,000,000; new common, $13,000,000. Sundry branches................. ....1 3 5
Double tra c k ....................... .
49
As to re-arrangem ent of stock in 1893, see March. 1894, Supplem nt .
The new preferred is 6 per cent non-cumulative. The N. Y. Stock E x­
Organization , E tc .—The Atlantic Mississippi & Ohio was a consoli­
change on Sept. 20, 1894, reported outstanding: New common, dation of Norfolk & Petersburg, South Side and the Virginia & Ten­
$11,238,100; new preferred as in table above.
nessee roads; foreclosed February 10,1881, and reorganized as now.
The Ohio Extension of 184 miles was completed in September, 1892,
D ividends .—On preferred stock from November, 1891, to Novem­
affording a through line to Columbus, O. The Shenandoah Valley RR.
ber, 1893, 2*2 p. c. per annum ( l ^ M. & N .); May, 1894, none.
was purchased Sept. 30,1890, and became the Maryland & Washington
B onds.—The issue of refunding mortgage bonds is lim ited to $3,750,- Division. In May, 1893, leased Lynchburg & Durham—which see.
000. Of the general mortgage 5s $1,000,000 were reserved to retire
Capital Stock.—Preferred stock is entitled to 6 per cent, nonthe second mortgage. See mortgage abstract, V. 52, p. 84.
The terminal bonds listed in Sept., 1893, (U. S. T rust Co., trustee) are cumulative, the am ount outstanding being $50,000,000, having been
an absolute first mortgage on the extensive term inal property obtained increased from tim e to tim e for new construction, etc. In June, 1893,
from the Hudson River RR. & Term inal Co. and on all improvements $5,000,000 of pref. was sold. See below and V. 56, p. 931. Preferred
to be made thereon. They thus cover 3 miles of road, of which about stock m ay also be increased for purchase of the Roanoke Machine
•one-third is a double-track tunnel under the Palisades, completed in Works & Virginia Co., V. 58, p. 1035. In May 1894, the balance of
May, 1894 ;See V. 58, p. 866), and 62 acres of term inal property on the preferred, $2,000,000, had been sold to pay for Col. Connecting Termi­
Hudson, opposite 96th St., N.Y. City. See abstract of mort. V .57,p.512. nal stock, etc. V. 58, p. 816. Common stock is $9,50 j ,000; par, $100.
D ividends on preferred stock—In 1882, 4 per c e n t; in 1884, 3*2 in
The Wilkesbarre dt Eastern 1st 5s are unconditionally guaranteed as
to principal and interest by the Susquehanna, the guaranty being e n ­ scrip; in 1888,1*3; in 1889, 3; in 1890,3; in 1891,3; in 1892, April, H * ;
Oot.,1 p. ct. in scrip, convertible into debentures; none since.
dorsed on each bond. They cover the connecting line completed in
921 , against $4,188,233 in 1893.




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Se p te m b e r , 1 8 9 4 ]

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BONDS,

99

Subscribers will confer a great favory giving Immediate notice of any error discovered In these Table*.
b
Bonds —
Princi­
DIVIDENDS.
pal,When Due.
RAILROADS.
Miles Date Size, ór
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—L ast
of
ívñ^éxplanation of column headings, &o., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
*or v
on first page of tables.
Jan. 1, 1990
N.Y.,Mer. Tr.Co. < Phil,
fe
5 g. J. &
& r . _ r oon.;-100-yr. M , $45,000,000, g..c* 936 1889 $100&e, See text.
Nov. 1, 1989
do
do
M. <
fe
$5,000,000
1,000
Valley & New England, IstM ., assum.,g.e* 129 1889
i g. J. &
Jan. 1, 1941
do
do
5 g257 1891 500 &c. 7.050.000
lo rf. & ’West.—1 stM. Maryland & Wash Div.,g.o
Oct. 1, 1912
do
do
A. <
fe
5
430.000
500
1892
Tiebentures for dividend (subject to call) . . . . . .
June 1, 1908
do
do
4.192.000
1,000
1888
5 g- J. &
Equipment M., 10-20s, g.,dr’n a tl0 0 aft.May, 98
do
do
Various 2,184,609
O ct’94-Oct.’02
New York < Phila.
&
742.000
1,000
1892
G r t d S t i ^ X ' l S r : by' R R V E ^ p ^ L t C o ^ c
T g- Q.— •«
O ct’94-Jan’03
do
do
765.000
1,000
1893
5 g- Q .—
Car tru st of 1893, gold, not subject to c a ll.. .c
Mch. 1, 1922
do
do
5 g. M. &
2.041.000
1,000
122 1892
Roanoke < So. IstM ., g., $15,000p.m ., gu.p.&i.o
&
Balt., Mer. Tr.«feDep.Co, $21,000 D ec.l.
J. &
6
86,000
1,000
1891
Equip, trust, $210,000, guar. p.&i.byN. & W.o*
r vnobburg & Durham bonds, guar.—see th a t Co.
1, 1922
&
600.000
500
1892
5 g- J. & J. N. Y., Atl. Tr. < Phila. Jan. 1, 1894
CoL Con. & Term. 1st M., gold. gu. p. & i. (end.)c
Sept.
Burlington, N. C.
4,000,000 6 per an. M. & S.
100
North Carolina—Stock, 6p. c. till 1901. R ich-A P - 223
M. & N. San Fran., Co.’s Office, Nov. 1, 1901
590.000
1,000
76 1881
worth Pacific Coast—1st M., gold, sub. to call atlOO.c
£ gJan . 1, 1912
do
do
903.000
1,000
5 g- J. & J91 1892
General M. for $1,500,000, gold.......................... o
Overdue.
do
do
100.000
1,000
5 g. J. & J,
5 1883
i at, mort. North Pacific Coast ExtensionCo.,gold.c
4,720,750 8 p er an. Q .-F . Phila. Of., 240 So. 3d St Aug. 25,1894
50
86
No Penn.—Stk,. 8 p. c. gu.990yrs.,$6,000,000 auth.
May 1, 1896
do
do
M. & N,
7
56 1866 500 «fee 1.500.000
Jan. 1, 1903
do
do
Ij. & J
7
4.500.000
86 1873
General mortgage bonds ------------.................
Sept. 1, 1905
do
do
M. « S,
fe
6
1.200.000
1881
■Ronds secured by $1,200,000 stock............ ......... r
1940
5 g.
1,000
1890
(? )
n T A of i u . - l s t M.for $600,000 ($10,000p.m.) g.
Nov., 1926
See text.
M. < N,
&
7
260,000
500
40
Northeast] C a .-ls i, m ort., guar, by State of Ga c
&
400.000
5 g. A. < O Phila., Phila. & Read’g. Apr. 1, 1920
1890 1,000
26
No. Past Penn.—1st M., g., gu. p.& i. P.ot R. (eua.)c
July 2, 1894
Charleston, Office,
fe
900.000 6 per an, J. « J.
50
North-Pastern (S. O.)—Stock........ ..............................
Sept. 1, 1899
do
do
M. « S.
fe
820.000
500
1 st mortgage, provided for by consol, m o rtg ag ee Ï02 iéè*9
Sept. 1, 1899
do
do
M. & S.
322.000
500
2d mortgage, provided for by consol, m ortgage.c 102 1869
fe
694.000
6 g. J. « J. N. Y., Cuyler, Morgan. Jan. 1, 1933
1,000
Consol, mortgage, (for $1,836,000) gold------- --C 102 1883
July 2, 1894
Boston, 19 Milk St.
2,997,300 6 per an. Q .-J .
100
83
Northern, (N.
Stock, 5 p.o.ren taltill July,1897
July, 1899
J. « J.
fe
6
77,000
56 1*889 1,000
No Adirondack—1 st M., subjectto call any J& J.. . .
1920
J. « J.
fe
6
1,000 As collateral
56 1890
Ais t consol, mortgage for $825,000.........................
J. « D N. Y., So. Pac., 23 Broad June 1, JL929
fe
1.074.000
1,000
54 1889
5 x t J . < J Balt.«fePhil.,233 S.4thSt. Ju ly 16,1894
Si
Northern California—1st mortgage, gold.. . . . . . . . . &
7,518,150 See te
50
Northern Centrals-Stock ($8,000,000 authorized) .
Annapolis._____ Irredeemable.
Q —J.
6
1.500.000
" 1st mortgage, -‘ i of M aryland loan...................... 13*8 1855
----- “
Successor to St. Louis & Chicago foreclosed, ^¿tigatiori pendmg, th
Bonds.—A bstracto! Clinch Valley mortgage (Fidelity Insurance Trust receiver has not been discharged. In A pril, 1894, ™
»
* safe Denosit Co. of Philadelphia, trustee) in V. 45, p.541.
eluded in the
Ch.
& St. L.
&ThelOO-vear mortgage of 1889 (trustee Mercantile Trust Co.) is a first So. of I. firstsreorg. planpofr the new Peoria < Stock—w ^ Í ' q ’i s o ’
receiving a m
bonds.
^
mortgage upon tiie Ohio Extension, 192 m iles; the steel bridge across 000; pref., $1,300,000, 5 p. c. non-cum.; par, $100.—(V. 57, p. 91,180.
the Ohio R iv er; upon various short branches, and upon the extensive
N o r t h e a s t e r n UR. o f G e o r g i a . —Owns from Athens to L ula,
tenffinals a t Lam bert Point and Norfolk; it is also a general mortgage,
snhiect to prior mortgages, upon the rem aining property of th e com- G a.,40 mUes. Stock is $231,000, and a majority of it was owned by th e
Rich. Terminal, which held also $315,000 general
p a n y t h e ^ d a t“ of the8 mortgage, October, 18§9, the to tal mileage
revered in June, 1893, being 936 miles. The mortgage is for $45,000,- The Rich. Term inal plan of February 20,1894, excluded this com/irs i
000, of which $25,000,000 held by trustee to retire prior mortgages. 'namv’a sfifìuriti68 from tli© proposed reorcoinizoition. ^ o v ••
mortgage interest was paid in Jane, 1894, a t Bank of the University,
AAs rto *Scioto5 Va?iey°l N m ^P n g la n d m ortgage and guaranty see Athens, Ga. (Y. 58, p. 988.)
VAPth.VüiBt ¥ * e n iis v lv a u la .—Owns road from Glenside to New
division mortgage for $10,000,000 H?pe P^', 26 mites CoutroUed by P.«&R. Capital stock, $400,000.
rHaeerstown, Md.,to Roanoke, Va., 238 miles, w ith branches 20 miles],
North-Eastern(S. C.)—
Owns from Charleston, S. C., to Florence,
$1,500,000 bonds were reserved to extend the t o e to Washington, S. C., 102 m iles; leases jointly, Lane, S. C., to Sumter, S. C.. 40 mites ;
n G and S I 000,000 for other purposes. See abstract V. 54, p. 204.
total operated, 142 miles. Of consolidated m ortgage $1,142,000 was
DThe a oldcar trusts for $900,000 were issued in 1892, each being in- held to retire debts of prior lien. Stock, $900,000 ; par, $50. D iv id e r s
d o rs l/ w ith a guaranty of principal and interest by. the R ailroad from 1888 to July, 1894, 6 per cent per annum. In year end. Ju n e 30,
Eauipment Company; They m il due in forty quarterly instalm ents of 1893, gross earnings were $620,307 (against 8t ó , 9 > ^ 6 n^ ,
abV t $23,000 each. The car trusts o f 1893 are sim ilarly payable.
$168.402 : n e t including other income, $201,668, against $ 1 9 4 , , in
Xanofcé <• Southern bonds for $2 041,000 were guaranteed m ^Febru£
paid, $133,000;
(6
$54,000
oi*vr 1 Q 9_qaa th a t company in Supplement for January, 189u, äiso tere st$14,668. (V. 55, dividends0 3 4 per cent), 1038.) ; balance, sur­
Q
p. 461, 1
; V. 57, p.
Y y54 Ä l ? 6 8 L N .T w owns $1,837,000 of the R. « S. stock for plus,
fe
Northern (New Hampshire).— from Concord,^N. & , to
O wns
$2 39ffi400 and leases the road for 999 years. Bonds may be increased
West Lebanon, N. H., 70 miles ; branch to Bristol, N. H., 13 m , total,
to $4,041,000 for additional mileage.
83 miles. Lease to Boston < Lowell for 99 years from
fe
F inances.—I n June, 1893, to m eet the collateral loan of $2,000,000 assigned to Boston « Maine, rental bemg 5 per w n t on stock till Jiily 1,
fe
due in December, the convertible debentures, the bills payable and ex- 1897 , and 6 per cent thereafter, payable m gold. In addition to to e ^ 5
pens™ for eqitipment and completing the Ohio extension, etc., the per cent divmends provided for by the lease,
shareholders were offered $5,000,000 of the 100-year bonds and $5,000, annum has been paid regularly from the c<mtingent fund, which on
noo of irreferred stock for $5,250,000 in cash and accrued interest on
amounted to
hoSda the issue heinff underw ritten. This made th e am ount of 100- Mayo1,1893, |A d ir o n d .a c$366,426. SSee V. 53, P-, 95. 1894.
N r tlie m
l£ s —Se e upplem ent May,
Northern California.— from Knight’s Landing to Orovilte,
Owns
Sept. 17,1894, had been listed $12,265,000. See V. ob, p. y«Ji. u n
Cal., 54 mites. Leased to Southern Pacific Company, which owns
Dec. 31,1893, bills payable were $382,918.
$1 277,500 of the $1,280,000 stock. This is not the N orthern Railroad
E arnings .—7 m onths,) 1894, gross, $5,698,252; net, $1,411,163.
of California—see th a t company. In 1893 gross earnings were $176,January 1 to July 31,5 1893, gross, $5,879,330, net, $1,504,275.
212; net, $35,531, against $35,598; deficit under charges, $22,232.
A w n at. R eport .—Fiscal year ends Dec. 31. A im u a lm e e tin g is
Northern Central.—
Owns from Baltimore, Md., to Sunbury, P a.,
held a t Roanoke, Va., on first Wednesday in May. Report for 1893 139 miles, of which 117 mites double track—branch, 9 miles ¡leases—
Shamokin Valley < Pottsville Railroad, 28 mites ; Elm ira _& Williams­
fe
was in the Chronicle , V. 58>
]P-9^48’ 551i 8fi.e 8180 ei892. 1P* &
1893.
port Railroad, 78 m iles; operates a t cost—Elm ira < Lake Ontario R ail­
&
ites;
Branch
m iles; Pennsylvaute
S S m Ä S r “ '. *1,612,260 *1,819,593 $1,880°S20 * l , 7 ¡ l ? m road, 100 3mmiles; Summitoperated, Railroad, 20 Also uses New York
Railroad,
to tal
377 miles.
Lake Erie < Western tracks, 7 miles, and PhUadeiphia & E n e traoks
fe
6
;Ä
«
7® 3 S
between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles.
O r g a n i z a t i o n . — This was a consolidation of several roads in 1854.
Total gross e a rn in g s..... $7,561,915 $9,188,042 $9,952,881 $10032618
Controlled by the Pennsylvania RR., which owns $3,488,950 stock.
Oper, expen. (inol. taxes). 4,838,610 6,009,767 7,03i,t>/d
Securities Ow ned —On Jan. 1, 1894, among tiie assets held were
N eteam ings............... . . . . * 2.723,305 $3¡178,275 $2,921 208 $2,833 158 B alt & Potom ac stock (par) of $622,850; Elm ira « Lake Ontario stock
fe
faH),* i l 3 8 S 000; Shamokin VaUey & Pottsville stock $619,400; Union
RR. stock (all), $1,200,000, etc. Value of all. as p er books, $3,o89,228.
» o
f Ä
From Shen. Valley fund t
-------135,000 t!36,260
............ The income from investm ents in 1893 was $470,454.
TìTa uilities _Jointly with the Penn. RR. and Phila. < Erte tiiis com­
fc
Total net income.......... $2,957,225 $3,469,920 $3,202,074 $ ||7 4 ,3 4 7 pany guarantees the Allegheny Valley 5 per
sfo ? ' “ o th ^
Interest on bonds, «fee.... 1,814,008 2,266,130 2,428,454
gages and ground rents on Jan u a ry 1,1894, were $319,830, other
Interest on coll, loan, «fee.__ - - , viszVAk 1>030,000
non Vino
’
liabilities,” $1,234,682.
Dividend on pref. stock.. (3)735,000(o)l,072,500
D ividends paid since 1 8 8 2 -F ro m l8 8 3 1» 1886 inclusive, 8 ; in 1887,
Miscellaneous..................
88,607
............
47,308___ 64,871
8 and 10 stock ; in 1888, 7 ; in 1889, 8; in 1890, 8 p. c., in 1891, 7 p. 0.
Balance, surplus....... . $319,610 $131,290df.$303,688 df.$99,742 in 1892, 7 p. c.; in 1893, 9 p. o.; in 1894, J an., 4 p. o.; July, 3 p. c.
farntngs —7 m onths, ) 1894, gross, $3,197,065 ; net, $884,631.
—
"^Dividend 2te per cent, of which 1 per cent in scrip convertible into
bondsT
t Derived from a special fund of $270,000 created under J a n ™ 1* to Ju ly 31, \ 1893; gross, $4,060,716; net, $1,196,823.
A nnual R e p o r t . — Fiscal year ends Deo. 31. President’s report fo r
agreement w ith the Shenandoah Valley.
_
—IV 55 t> 100 463 544,639; V. 56, p. 165, 538, 647, 6 6 7 , 6 7 3 , 753, 1 893fgivenat length in V. 58 p. 325, 343¡.346, showed the follovung :
931 9 ? 3 ? V .57, P -22; V. 58, p. 43, 5 3 4 , 5 4 8 , 5 5 1 , 816, 904,1035.
G ross^arnings 31
$6,608,797 $6,820,568 $7,191,290 $6,881,806
ivni-tli fia r o li n a . —Owns from Goldsboro to Charlotte, N. C., and tic t e a m iS S .......... . 1 6 8 7 038
1,903 346 2,078,930 ,2,118,650
branch 226 mnes? L e a s X s e p t .ll , 1871, to the Richmond A Daqyille o th e r S i t s : : ; * . : : : : :
’522:951 ’377,181
333,886
496,979
(now Southern Ry. Co.) for 30 years a t $260,000 per year. There is
no bonded debt. Dividends of 6 P1 S$ 7 8 ) ° f ^ M°h
the State of North Carolina holds $3,000,000. (V. 56, p. 878.)
^ S r ¿ ¿ noom6-~ $2«
82 $2«
7
N o r t h H u d s o n C o u n t y .—Se e . “ Miscellaneous Companies.”
(7)62^|?* (8)60& 2|
tv« t-tli 'P a c ific C o a s t ( N a r r o w G a u g e ).—Owns San Francisco to
226,654
229,558
129,341
94,174
Cazadero 87 miles; branches to San Rafael and Mill Valley, 4 miles, Miscellaneous..............
leases to* San Quentin, 3 m iles; to ta l operated, 94 miles, including
Balance, surplus---$57,462
$170,244
$3Zo’l 92 .
ferrv to San Francisco, 6 miles; also has ferry to San Quentin, 11 miles.
Stock authorized, $3,000,000; issued, $2,709,500; par, $100. E xten­ —(V. 54, p. 3 2 7 , 844; V. 56, p. 3 3 5 , 625 ; V 58, p. 3 2 5 , 3 4 3 , 346.)
N o r t h e r n o f N e w J e r s e y . —Owns from Bergen, N. J., to Sparkill
sion Co. friendly foreclosure suit settled. In addition to bonds in table
there are $7 000 2d mortgage bonds of 1881 outstanding, l o r year N J 21 m iles; teases Sparkill to Nyack, 5 miles. Operated under
enffingTJu n e 30,1894, gross, $383,195; net, $92,189; in t taxes, etc., contract of April, 1869, New York Lake Erie & Western a t 35 p er cent
$90,1?0; balance, surplus, $2,079. In 1892-93, gross, $418,625; net, of its gross earnings and five fifty-sixths
¿
*1 ooofooo; par, $100. Dividends .—From 1884 to Ju ly 15, 1893,
$122,294.
....
„
x
inclusive, 3 to 4 per cent yearly; 1894, July,
p.
Jan. 1,1893,
N o r t h P e n n s y l v a n i a . —Owns from Philadelphia, Pa., to Beth­
floating debt $176,891. In year ending June 30,1894, gross was $130,lehem, Pa., 56 n ^ e s; branches to
L e a se d V r^ ffi) 1 R e t over expenses,
against $104,540 in 1892-93; interest,
Ground rents and m ortgages Ju ly 1,1893, $458,128. Leased ior y»u r e 7 -ns ^ a M ^ t o ^ s f ^ è$96,803, G e M s ^ ^ p. A)^$42,500; balance,
n^
^ ^ l ^^
years from May 1,1879, to Phila. < Reading a t 8 per cent on stock.
fc
deficit, $1,386, agam st surplus, $5,161 in 1892-93.—(V. oo, p. G o t, y.
North Sc South of Illinois.—
Owns from Springfield to Litch­
field, 111., 43 miles, and from Litchfield to Mount Olive, 7 miles, 57, p. &15; V. o9, p. 331.)




100

INYESTOKS’

SUPPLEMENT.

LVol.

l ix .

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables

RAILROADS.
INTEREST OR DIVIDENDS.
benas—BrinciMiles Date Size, or
Amount
F o r explanation of column headings, &c., see notes of
of
P ar Outstanding R ate per When Where Payable, and bv pal,When Due.
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
* Stocks—Last
Dividend.
Northern Central—( Concluded)—2d m ortgage__o* 138 1865 $500&c. $1,126,000
6
A. & O. Baltimore & Philadelp’a
-^Pr. 1, 1900
Consol. M., gold; coup., int. J & J; reg., A & O.c&r 138 1868
1,000
2.804.000
6 g. Various Baltimore, Treas. Office. July 1, 1900
Consol, gen. mort. ( gold, s.f.. drn. a t 100, A&B.o 138 1874-5 $ & &
1.727.000
6 g. J. & J. London and Baltimore
of 1874, gold, se-3 gold, $, C & D ......................c 138 1876-7 $1,000
2 , 000,000
6 g. J. & J. Baltimore, Treas. Office. July 1 , 1904
July 1, 1904
cures all equally. ( gold, E ...................................c 138 1885
1,000
1.400.000
4*ag. A. & O.
do
do
2d gen. m ort., series “A” & “B” (A $2,593,000).. 138 1876
1,000
3.593.000
5
J . & J. Baltimore,Treas. Office. Apr. 1 , 1925
Jan. 1, 1926
Union R R .,lst(ass’d)$117,000 end. byBalt.City.c*
9 ’67-’70 500 &c.
900.000
6
J. & J.
do
do
2d m ortgage (assumed) $ or £ , gold.................. c
1,000
9 1873
6 g. M. & N. N. Y., London & Balt. Jan. 1 , 1895
600.000
May 1 , i9oo
Northern o f New Jersey—Stock...................................
100
1,000,000 See text.
3d m ortgage, now 1st (for $700,000).................. c "21 1887 100 &c.
654.000
6
J. & J. Jer. City, Hud’n Co. Bk. July 10,1894
Apr. l , 1917
Northern Pacific—Common stock..............................
100 49,000,000
Preferred stock (8 per cent, not cum ulative)........
100 35,504,131 See text.
s 1892
1st M. and Id. gr. Missouri Div., dr’n a t par.c*«fcr 205 1879 100 &e. | 2,521,000
M. & N. N. Y., Mills Building, April i1, , 1919
6
May
1st M. and Id. gr. P. d’Or. Div., draw n atpar.c*&r 225 1879 100 &e.
M. & S.
6
do
do
Sept. 1, 1919
G en.lstM . Id. gr., g., $25,000'p. m.,dr. atllOe*& i 2.146 1881 l.OOO&c 43.393.000
6
J. & J.
do
do
Jan. 1 , 1921
Receiver’s certificates, gold, e x ten d ed in l8 9 4 _
_
1893
See text.
6
do
do
Oct., 1894
Gen. 2d mort., gold, land grant, draw n a t 110.c*<fcr 2.146 1883 l,000&o 19.216.000
e g . A. & O. Apr., ’93. coup, last pd. Deo. 1, 1933
Gen. 3d m ort., gold, sinking fund, not drawn.e*«fer 2.146 1887 l,000&c 11.461.000
J. & D. June, ’93, coup, last pd. Deo. 1, 1937
Consol mortgage for $160,000,000, gold.......c*<fer 3,476 1889 l,000&c See text.
J. & D. June, ’93, coup, last pd. Dec. 1, 1989
Coll.tr.notes ($15,000,000) g.,red. af.May l ’96.c<fcr
1,000 10.275.000
1893
M. & N. N. Y., Mills Building. May 1, 1898
Dividend certificates, ext’d ln ’88, red. a fter 1892
1888 500 &c.
519,500
t * J. & J. July, ’93, coup, last pd. Jan. 1, 1907
T ru st equipm ent........................... ...........................
1888
3,000,000
7
Q.—J. N. Y., Mills Building. Oct. 1, 1898
Jam es R iver Valley RR. 1st M., gold..o*
1,000
64 1886
963.000
6 g. J. & J. July, ’93, coup, last pd. Jan. 1, 1936
Coeur d’Alene 1st M., g., not draw n.. .o"
500
39 1886
360.000
6 g. M. & S. Sept., 93, coup, last pd. Sept. 1, 1916
Gen. M.,$25,000 p.m ., g . . „ ............. o*
1,000
49 1888
878.000
6 * A. & O. Apr., ’93, coup, last pd. Oct. 1, 1938
Spokane & Palouse 1st M., gold.......... o*
1,000
110 1886
1.766.000
6 g. M. & N. May, ’93, coup, last pd. May 1, 1936
D uluth & Manitoba 1st m ort., gold.. ..c*
1,000
110 1886
1.650.000
6 g. J. & J.
See text.
July 1, 1936
Dakota extension 1st m ort., gold___ _
1,000
96 1887
1.451.000
6 g. J. & D.
See text.
June 1, 1937
H elena & Red Mountain 1st M., gold.c* g 3 'a ©
1,000
17 1887
400.000
§ g. M. & S. Mch., ’93, coup, last pd. Mch. 1 , 1937
No. Pac. & Mon, 1st M., g.. not dr’n..o*<fcr
Text. 1888 1.000&C 5.381.000
6 g. M. & S. Mch., ’93, coup, last pd. Sept. 1, 1938
Cent. W ashington RR. 1st M., gold..c*&r fl sc® S 108 1888 l,000&e 1.750.000
M. & S. Mch., ’93, coup, last pd. Sept. 1, 1938
t g- J . & J. July, ’93, coup, last pd.
Nor. Pac. & Manitoba Term. 1st M.,g..c*
.9+2 9
1,000
1890
750.000
8May 1, 1939

h

5

N o r t h e r n P a c if i c .— ine of R oad—Main line—Ashland, Wis.,
-L
-to Portland and Wallula Junction, Ore., 2,137 m iles; D uluth to
Northern Pacific Junction (Jg interest), 24 miles; N orthern Pacific &
M anitoba (connecting w ith Canadian Pacific a t Winnipeg and Brandon),
264 m iles; various other lines and branches, 875 miles. Total owned,
8,354 miles. Leases—St. Paul & Northern Pacific, Brainerd to St. Paid,
and branches, 182 m iles; trackage—St. Paul Minneapolis & Manitoba,
8t. Paul to Minneapolis, 12 m iles; Minneapolis Union term inals, 3
miles; other lines, 3 miles; total, 18 miles. Also operated sundry branch
lines, making grand total Oct. 1, 1893, 4,374 miles. See also Seattle
Lake Shore & E astern and Wisconsin Central.
H istory , E tc.—Chartered by act of Congress July 2 ,1 8 6 4 . The road
opened, 450 miles, to Bismarck, was foreclosed in 1875, and reorganized.
Chicago & Northern Pacific stock for $15,010,000 (a m ajority interest)
w as acquired in 1890. The Chicago & Calumet Terminal R ail­
w ay also was purchased, all its $6,000,000 of bonds being pledged as
collateral under the N. P. tru st deed of 1893. See Chicago & Northern
Pacific. The leases of the Wisconsin Central and Chicago & Northern
Pacific were term inated September 25,1893. See those companies.
.Receiversh ip .—On Aug. 15, 1893, the property was turned over to
Thomas F. Oakes, H enry C. Payne and H enry C. Rouse as receivers.
In September, 1894, 24 separate branch line receiverships were te r­
m inated and their legal adm inistration placed in the hands of the trustee.
They will be operated by the N orthern Pacific under traffic agreements.
Coupon P ayments.—Of the interest m aturing since the receivership
began the interest on the following loans had been regularly paid up
to Sept., 1894: Pend d’Oreille and Mo. Division 6s, the first 6s of
1881, the receivers'1certificates, the collateral trust notes. The interest
due October 1,1893, on N. P. 2d mortgage was not paid. Foreclosure
suits under the second and third general mortgages and consol, m ort­
gage was filed on October 18,1893. (V. 57, p. 684.) July, 1894, in­
tere st on yen. first mort. was paid when due. See below and V. 58,p.903.
R eorganization .—Second mortgage bondholders’ committee, Johns­
to n Livingston, Chairm an; Luther Kountze, Dumont Clarke, Henry S.
Redmond and Charles S. Fairchild, all of N. Y., Charles B. Wright,
Phila., and Benjamin P. Cheney, Jr., B oston; Secretary, S. E. Kilner,
care of estate Fredk. Billings, 120 Broadway, N. Y. V. 59, p. 70,116.
Third Mortgage Committee.—Evans R. Dick, C. B. Van Nostrand, May
Ruckgaber, Jr., of N. Y., and Charlemagne Tower, J r., of Phila.,; de­
positary, N. Y. G uaranty & Indem nity Co. See committee’s circular of
Aug. 15,1894, V. 59, p. 319. See also V. 59, p. 153, 332.
Consolidated Mortgage Committee.—Edw ard D. Adam s,Chairm an;
Jo h n C. Bullitt, Louis Fitzgerald, Charles H. Godfrey, J. D. Probst,
J a m 38 Stillman and E rn st T halm ann; depositaries, M ercantile T rust
Co., N. Y., Pennsylvania Co., of Philadelphia, and Deutsche Bank of
Berlin. This committee also receives deposits of 2d and 3d mortgage
bonds. There is a Berlin consol, committee also. Deposits of consols,
$18,137,000; 2d m ortgage bonds, $5,558,000; 3d m ortgage bonds,
$5,788,000, had been received by Consol. Committee in July, 1894. (V.
59, p. 70,153. See application to Stock Exchange, V. 58, p. 1099,1109.)
James River Valley bondholders’ comm ittee: Jam es Timpson, 32
Nassau St., N. Y., William M. Cole, William A. Wheelock; depositary.
U. S. Mortgage Co., 59 Cedar St., N. Y.
Omur d' Alene general mort. bondholders’ committee: W. J. Quinlan,
J r., Chemical Nat. Bank, N. Y., M. L. Scudder, John P. Townsend; de­
positary, Farm ers’ Loan & T rust Co. V. 58, p. 1072.
Spokane < Palouse first mort. bondholders appointed a committee in
6
Dec., 1893, Geo. R. Skeldon, Chairman, N. Y., Security A T rust Co.,
D epositary, 46 Wall Street, N. Y. In Mav, 1894, certificates of deposit
fo r $1,072,000 bonds were listed on th e New York Stock Exchange.
R ental.—Leased to Nor. Pac. in A ug.,’94, for 4 p . o. on bonds Mav
1 , ’93, to Nov. 1, ’94; 5 p. c. Nov. 1 , ’94, to May 1 , ’97; also taxes,
m aintenance, etc., V. 59, p. 192, 277. Lease confirmed in Sept., 1894.
V. 57, p. 980; V. 58, p. 514, 736, 904.
D uluth < Manitoba bondholders’ com m ittee: Frederick Cromwell
6
Chairm an, 32 Nassau St., N. Y., Cornelius B. Gold, E. R. Dick, Charle­
m agne Tower, Jr., and C. B. W right, Jr. In June, 1894, D. & M. was
leased to No. Pacific from Aug. 15,1893, to Ju ly 1, 1896. R ental
4 p. c. per annum on D. & M. firsts for first 18 m onths (including cou­
pons due Dec., 1893, and Jan., 1895), and 5 p. c. per annum for re­
m aining period (including coupons due June, 1895, and July, 1896
Coupons due Dec., 1893, and Ja n ., 1894, to be paid a t above ra te s
a bout Aug. 1,1894; Ju n e and July, 1894, coupons to be paid Oct. 5,
1894; remaining coupons a t m aturity of e oh. Above lease confirmed
in Septem ber, 1894. V. 58, p. 263, 941,1072,1109; V. 59, p. 319.
No. Pacific < Montana bondholders communicate w ith George R. Shel­
6
don, 4 Wall St., or A rthur Lincoln, 38 Broad St., N. Y.
Central Washington com m ittee: A. M. Hoyt, Chairma-n, No. 1 Broad­
way. C. T. Barney and Charles E. Eddy; depositary, Knickerbocker
T ru st Co. T rust Co. receipts listed in N. Y. in July, ’94. V. 59, p. 116.
Capital Stock.—The preferred stock has a preference for 8 per
oent in each year if earned, but is not cumulative. Until default on
th e general first m ortgage the preferred was to be receivable in paym ent
fo r lands east of Missouri River a t par, and the proceeds of said lands (in
1892 about 3,000,000 acres), were t >go to its retirem ent. The prefer­
red stock was thus reduced from $51,000,000 bo the present figure.
The back surplus due the preferred for dividends earned but not dis­
trib u te d is invested in consolidated bonds of the p a r value of $ 3,347 000, which are held by the Farm ers’ Loan & Trust Company,




D ividends on preferred —in 1.883, l l l 10; from 1884 to 1889 Inclusive
nil; in 1890 and 1891, each 4; in 1892, Jan ., 1; April, 1; since, none. ’
B onds.—See ab stract of general Urst mortgaqe inV . 58. n 9ftq- nf
generai 2d mortgage V. 58, p. 942; and of general 3d mortgage V 47
P' j^ .T h e g r e n e r a i 1st, 2d and 3d mortgages have a first, second
and th ird lien respectively on the company’s m ain line and on the
lands, except as to th e parts subject to the two divisiofial mortgages of
1879 and the lands east of the Missouri River, which until default on
the general first m ortgage bonds are subject to the rights of the pre­
ferred stockholders. A fter default, however, on the genera1 first
mortgage, th a t m ortgage becomes a prior lien on the lands east of the
M ^souri River, the pref. stock then ceasing to have any claim thereon
The 2d- 3d and consol, mortgages have no claim on the lands east
of the Missouri River.
The consolidated mortgage covers the main line and branches, a onehaif undivided interest m 24 miles more, and all the land grant except
th at east of the Missouri River, which is subject to the preferred stock
and has a first lien on 1,330 miles of branches. (Abstract of mortgage
—trustee, Farm ers’ Loan & Trust Co.—V. 50, p. 279.)
6 s
Receiver Rouse’s report on Deo. 1,1893, showed th a t $62,443,000 con­
sols had been executed. Of these $4,846,000 were on hand or piedgedas
collateral on loans and receivers’ certificates and $8,850,000 were de­
posited under coHaterai tru st and Northwest equipment contracts. In
Sept,, 1894, $45,676,000 had been listed on N. Y. Stock Exchange
A bstract of deed securing collateral trust notes of 1893 [Farmers’Loan
Co., trustee] was in 56, p. 1017. Notes listed to Sept. 17,1894
$7.500,000. Issued to Dec. 1,1893, $10,275,000, of which $8,940,000
deuvered to subscribers.
JiPrT - ^ e A Montana bonds of 1888 are outstanding to the amount
A
of $8,843,000 on 354 miles of road, but of these $3,462,000 are pledged
under the N .P. consoL mortgage of 1890. In the same way, of the
Spokane & Palouse mortgage for $2,984,000 there are $1,218,000,
covering the mileage in Idaho, pledged for No. Pac. consols.; the bonds
in the table cover the road in Washington.
F loating D ebt .—J uly, 1894, floating debt, including receivers’ certifi­
cates, w as $7,344,348; past-due coupons m ain line bonds, $4,116,000.

L ands.—See Supplement of May, 1894, and V. 58, p. 941.
General F inances.—Issue of $5,000,000 receivers' certif. was ex­
tended in April., ’94, for 6 m onths an l are to be extended in October.
They can be used soiely for redem ption of securities held against the
floating debt, and they rank in lien subsequent to the genera1 first
mortgage of 1881. The collateral redeemed therew ith were to be
held as security for the receivers’ certificates, except when to carry
out the collateral trust agreement, and then the collateral tru st notes
themselves, to an equivalent amount, are to be pledged for said cer­
tificates. Up to Sept., 1894, about $2,100,000 had been issued. In
In June, 1894, the consol, mortgage committee lia n e d the receivers
$1,000,000 to prevent default Jutv 1 on general first mortgage, the
road’s earnings having been otherwise applied. In Sept., 1894, this
$1,000,000 loan and the receiver-’ certificates representing the same
had aU been paid off. V. 59, p. 515.
E arnings L eased L ines .—For the fiscal year 1892-93 the receivers
repoited the loss to the No. Pac. on the leased lines, after payment of
charges, to have been as follows. (See V. 57. p. 854):
Jam es River Valley............$65,479 Helena & Red M t.............$30,270
Coeur d’Atene......... ............ 98,931 No. Pac. & M ontana........... 423,659
_
Spokane & P a lo u se ...._ 87,407 Central W ashigton..............117,989
Duluth & M anitoba............ 158,625 Other lines...........................923,251
Mr. Rouse’s report of December, 1893, states th a t several of the
branch lines were alio wed an arbitrary in the division of through
earnings which entitled them to doutde their actual mileage; yet in
the year 1892-93 only two out of 27 earned fixed charges, and most
barely earned operating expenses. Their aggregate net earnings were
only $583,209 and their deficit under fixed charges $1,844,703. On
the other hand the business orginating on or destined to points on the
said branches am ounted in gross to $11,670,000, of which about
$8.000,000 was credited to main line.
Mr. Rouse reports th a t about 1,450 miles of the main line require to
be laid w ith heavy rati, m any wooden bridges and trestles must be
rebuilt, grades m ust be reduced and ballasting com peted. This he
thinks wili cost about $9,885,000. The n et earnings for the year 189394 he estim ated would be only about $4,600,000 (against $8,985,986 in
1892-93) owing to depression in business, new competition, etc. The
total annual interest and sinking fund charge is $9,712,750.
L atest E arnings.—From Jan . 1 to Sept. 7,1894 (814 months),gross,
$8,957,767, against $13,197,853 in 1893. In year 1893 gross, $23,236,980, against $28,899,432 in 1892. For receiver’s statem ent to Apr. 30,
1894, see V. 59, p. 28.
Annual R eport .—Annual m erting is h “ld a t New York on the third
Thursday in October. Report for 1892 93 was in V. 57, p 682, 704.
Trs. ending J u n e30. 1890.
1891.
1892
1893.
M ileage....................
3,585
4,222
4,412
4,443
Passenger earnings. $6,167,702 $6,680,492 $6,296,285 $5,917,054
Freight earnings... 15,600,320 17,531,222 17,383,771 17,017,629
Mail, express, &c—
842,481
939,830
981,401
985,425
Gross earnings.. $22,610,503 $25,151,544 $24,661,457 $23,920,108
Net earnings............ $9,146,757 $9,750,548 $10,084,108 $8,985,996

•September , 1894. J




RA.ILROA.D STOCKS AND BONDS,

101

103

IH 7EST0KS’

SUPPLEMENT.
[Voi*. I ix .

Subscribers
RAILROADS.
on first page of tables.
NorthernPac. Ter.Oo.—IstM ., gold, red., a t 1 1 0 ...o’
Northern Railway ( Val.)—1st M., int. guar., gold..
Consol. M. ($21,000,000),gold,1st M.on 197m.c*&r
Norwich & Worcester—
Pref. stock, 8 p. c. re n ta l....
1st M., principal and int. guar, by N. Y. & N. E.o*
Oconee <¡ Western—1st M., $9,000 p. in., gold..........
S
O gdenM ineRR.—Stock (5 p.c.rent.Oen. of N. J .)...
Ogdensb. < Lake Ohamplain—Consol. M. (now 1st M.)
6
Income bonds, not cum ulative................................
Guaranteed debenture bonds................................. r
Ogdensb T ransitC o.lst M. (Cent.Vt.& Ogdens.,gu.)
Saratoga & St. Law. 1st M., for $200,000, guar, .r
Ohio <&Mississippi—S e e B alt . & Ohio Southwest .
Ohio River—le t m. [$2,000,000], $12,000 p. m., g.c*
Gen. M. (for $3,000,000), gold,1st on 39miles. .cv
Ravensw. Sp. & G len.lst M.,gold,gu.,p.&i. (end.) e
H untington & BigS. IstM . ($400,000), gold, gu.c’
Ohio South.—IstM .,$4,000,000($15,000p.m .)g.. .c’
General mortgage, (for $2,800,000) gold............c
Ohio Valley, Ky. -1 st mortgage, g o ld .................... c’
General consolidated mortgage, gold, guar....... o’
Old Oofcmy—Stock. .......... .......................................c
Bonds, not m ort., ($2,000,000 F.& A.,Aug.’97)c<fer
Bonds
do
.................................................... r
Bonds for Fram ingbam & Lowell bonds_ ."... !c
_
Bonds not mort. ($750,000 ’84, due July, 1904) .r
Bonds (authorized $3,000,000)........................... c*r
Boston Clin. F. &N. B. mort., int. guar, by rental.o
Old Colony Steamboat bonds, gold.........................
Plym outh & Middleboro 1st M., int.guar.(end.).c*

All A U iltPiO l
Miles Date Size, or
—
Prinot.
Amount R ate per When
of
of
Par
pal. When Due.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by
Last
Whom.
Dividend.
1883 $ 1,000 $3,563,000
6 g. J. & J. July, 94, pd. Sep. 10,’94
Í49 1877
Jan. l , 1933
1,000
5.156.000
J. & J.
,23
386 1888
1,000
4.751.000 « 5 g- A. & O. N.Y., So.Pao.Co.do BFd Jan. 1 , 1907
„
66
100
2,767,800 8 per an, J. & J. Boston, Second Nat. Bk 9® b 1938
,*48 1877
1,000
400.000
6
M. & S. Boston, N. E. Trust Co! J^ Y 5, 1894
40 1893
Moh. 1 , 1897
1,000
360.000
5 g. M. & S.
10
100
450.000 5 per an. J. & J. ™ a V 237 So. 4th St, Moh. l , 1923
118 1880 500 &o, 3.500.000
6
A. & O. N. Y.Mer.Ex.Bk. & Bost! July, 1894
1880 100 &o.
Apr. 1, 1920
999,750
6
A. & O.
. . . . 1888
1,000
334.000
4
Apr. 1, 1920
J. & J.
St. Albans",'v t.
759,500
6
F. & A. Boston Security Co. Apr. 1, 1920
Aug. l , i909
” 9 1889
100.000
5
J. & D. Ogdensburg, N. Y.
June 1 , w ig
169 1886
1,000
2,000,000
5 g - J. & D. N.Y., Central Tr. Co. June 1 , 1936
208 1887
1,000
2.598.000
A. & O.
do
do
33 1890
1,000
Apr. 1, 1937
300.000
6 g. F. & A. „
do
do
12 1892
1,000
Aug. 1 , 1920
300.000
fc
6 g. J. < J. New York or Phila.
208 1881
1,000
3.629.000
J. & D. N. Y., Central Trust Co, July 1 , 1922
June 1 , i92i
Ì= g- M. & N. , do
1,000
1889
2.542.000
4 g.
do
May 1 , i92i
108 1886
1,000
J . & J.
’93,
last
^ 5 gg- J. & J. July, do coup,do pd. July 1 , 1926
108 1888
1,000 £ 2,394,600
(
.
July l , i938
100 14,178,600 See text. Q .-J .
Boston, Office,
July 2, 1894
’75-6-7 1,000
3.604.000
6
Various
do
1895-’96-’97
1882
1,000
200.000
4Lj J. & D.
do
I>ec. 1 , I 897
___ 1884
1,000
498.000
4ifl A. & O.
do
Apr. 1 1904
’84-’88 1,000
4.250.000
4
J . & J.
do
1904 & 1938
1894 ,000&c 2.500.000
4
F. & A.
do
Feb.
125 1880
1,000
1.912.000
5
J. & J. Boston, N. E. Trust Co. Jan. 1 , 1924
1 , 1910
1893
500.000
5 g.
Boston.
1903
15 1892
225.000
5
J. '& J.
Boston.
Jan. l, 1912

Trs. ending June 30,
1890.
1891.
59-54
uo ÜÏ
01 40
59*11
OZ'43 i net, $286,814; interest, $238,157; other charges, $26,276- halan™
61*23
62-43
Other income, & o... $1,341,172 $1,593,135 $1,664,204 $2,166,727 j surplus, $22 381. In 1892, gross, $795,136; net, $342,345 Geo W
5 3 8 ,T 7 3 ? V r|8 p n8 6 4 T ker8b^ g’ W' V a _ (V - 54’ p< 1 0 4 6 i V- 56, p.’
Total net ino...... $10,487,929 $11,343,683 $11,748,312 $11,152,723
S o u t h e r n .—(See Map)—Owns Springfield, O., to Wellstrm
In terest on bonds...
$5,115,752 $6,247,074 $6,901,956 $7,092,160 ,
R e n t a l s .. .. .. .. .. .. ..
1,424,021 1,362,114
1,230,214 1,198,333
----------- miles. an<i branches, 40 m iles; extension from Springfield to Lima’
G uarantees...............
1,333,008
1,014,698 1,086,908 1,453,972 68 miles (completed in Dec., 1893) ; total, 226 miles. Wellston exten­
P a y ’nts, other lines.
144,630
387,365
394,953
519,423 sion, 9 m iles, about completed. Lines from Springfield to Columbus
£ e o n n e c t with the Clev. Akron & Columbus controlled in the same
Dividends.................(3) 1,112,732 (4)1,472,466 (2) 731,862
301,918
73,600
1,188,018 1,117,537 m terest, and from Lima to Toledo, are proposed. V. 56, n 973 • v
Sinking funds------ Miscel. (gen. int.,&c.)
108,708
348,078
111,375
660,552 n li
1894’ the «Mo Southern and Clev. A
Col. had been brought under one management. V. 58, p. 1035. ta-oi&
E tc .—stock authorized, $5,500,000; outstanding, $3,840.000Balance, su rp lu s....
$947,159
$438,288 $103,026def $889,254
—(V. 57, p. 22, 91,180.299,341,376,423,469,511, 548, 556, 596, 639, p a r $100. An increase of $2,500,000 in the capital stock was voted in
am
6 8 2 , 684, 7 0 4 , 723, 765, 809, 854, 939, 979, 1040,1083,1123; V. 58. April, 1894. Traffic principally bituminous coal.
p. 127,178, 223, 264, 383, 431, 513, 550, 637, 682, 716, 903, 941,942
B onds. -B o th the first and the general mortgage are to the Central
| §7,1035,1099,1109; V. 59, p. 26,28,70, 115,116,152,153,192. 319,
k1 5i£aiiy’ a8 trustee. The first m ortgage is lim ited to $4,000,000
?
oo2 94.73, 515.)
i
I s non non
m ile * comPleted road. In May, 1894, issue of
of
a*-*]1c r 11 P a c if ic T e r m i n a l C o m p a n y .—Owns term inals on $8,000,000 fifty-year 5 p. c. gold bonds was authorized to redeem
th e Willamette River, Oregon, a t Portland, E ast Portland and Albina, P « o r bonds, etc In 1893-94 $1,302,000 first 6s were issued for Lima
comprising lands 270 acres, trackage 24 miles, buildings 39, dock extension, etc. In Sept., 1894, $172,000 issued for P o rt William extern
frontage 7,904 feet. In March, 1894, a large union passenger station smu. 1 4 unles April 30,1894, there were $217,564 loans and bills pay­
1 i
2 * 8 under construction a t Portland. F irst 6s of 1883 for $300,000 able and $255,000 car tru st 6s, due p a rt yearly.
will be issued to m eet the expense.
a ^ t.llf f i^ S o i^ if lS Q l11,1 t0 May 31’ 1894 (5 m08-)’ gr° 88’ $243,734,
^Leased for fifty years from Jan. 1,1883, jointly and severally
to Northern Pacific, Oregon Ry. & Navigation and Oregon & California,
Annual R eport .—Report for 1893 in Chronicle , V. 59, p. 330
^ g u a r a n t e e d rental to pay interest, sinking fund and taxes. G reat Gross earnings were $702,360; net, $370,454; interest on bondsT$241.N orthern Ry Co. in August, 1894, arranged w ith Oregon Ry. & Nav. i § 0;
$128,574. In 1892 gross, $711,541; net, $362,049 —(V.
Co. to run train s into Portland.
56, p 206, 331, 4 6 2 . 700, 973; V. 57, p. 1 4 3 , 299, 376, 596,765,894;
Stock .—Stock ($3,000,000) owned by said three companies (40 p. c. V. 58, p. 513, 683, 904, 1035; V. 59, p. 3 3 0 , 476.)
by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific and 20 per cent by
O h io V a lle y .—Completed from Evansville, Ky., via Princeton on the
Oregon & Cal. RR.), and held by Central T rust Co. of New York, to be Chesapeake Ohio & Southwestern, to Hopkinsville, 130 miles, of whioh
delivered after paym ents to the sink, fund, which is to cancel the bonds 21 miles, Princeton to Gracie, is lea se d ; branches, 9 miles.
, B onds .—The first m ortgage is for $5,000,000. The sinking fund began -I
$2,162,200 (par,
of which in
*u 1893, and is to retire the bonds by m aturity, bonds being draw n a t 1891 $1,297,500 E tc.—stock is by the Chesapeake$100), & Southwestwas purchased
110 and interest. The Jan., 1894, interest was paid a t m aturity, but ern, which guaranteed the bonds by endorsement. Ohio
See
in V.
owing to default of Oregon Ry. & Nav. in its share of the rental, the u 2 , p. 974. Extension to Hopkinsville completed in guaranty 1892.
August,
Ju ly coupons were not paid till Sept. 10,1894, by Messrs. Winslow, Due_ C. O. & S. W. Ju ly 1,1892, $254,103. The general mortgage trus­
L anier & Co. (V. 59, p. 28,423.)
’ tee is Central T rust Co. In Dec., 1893, John McLeod was appointed reN o r t h e r n R a i l w a y C o. ( C a li f o r n i a ) .—This was a consolida­
tion in May, 1888. Owns 390 miles of railroad, leased fo r 99 years from C o T f N YPliCatl0:D t0 foreclose made in Feb., 1894, by Central Trust
J uJy L 1888, to the Southern Pacific Co. Lessee pays fixed charges
E arnings.—In 1892-93 gross, $358,526; net, $7,661. In 1891-92
And 6 p. c. on stock, if earned, and retains surplus.
stoob authorized is $21,000,000; issued $12,896,000, all but gross, $279,588; net, $18,887. (V. 54, p. 800; V. 58, p. 264.)
f ly S ’SOO being owned by Southern Pacific Co. The consolidated 5s of ronl d :iC#1? n> ( M ^ S .) —Owns from Boston to Provincetown, Mass.,
1888, issued under mortgage for $21,000,000, are a first lien on 197 120 m iles; lines to Kingston, Plymouth, Somerset Junction, New Bed­
“ Dies. and have a sinking fund after 1897, but bonds cannot be called. ford, Lowell and Fitchburg, Mass., and to Newport, R. I., 249 miles, and
BosP 1 1893’ JF oss’ $2,439,927; net $892,118, against $1,159,725; other numerous branches 126 miles in a ll; to tal owned, 495 m iles; leases—
a
ton « Providence Railroad, Boston to Providence,44 miles, and branches
income, $94,926; surplus over charges in 1893, $440,058.
iQfio
N o r w ic h Sc XV o r c e s t e r .—Owns from Norwich, Conn., to Worces­ n§«o\ino’ other lines, 44 miles; total owned and leased, September,
603J
ter, Mass., 59 m iles; branch, Norwich to Allyn’s Point, 7 m iles; total, 1892 for " ? ile8-sPlym outh & Middleborough RR., 15 miles.was leased in
year
on its bonds
66 miles. Also owns entire capital stock ($500,000) of the Norwich & m ent till principaland interest V. 55, p. 420. guaranteed by endorse­
is paid. See
E ew York Transp. Co., operating boat line to N. Y. City. Leased to N. Y.
L ease .—In 1893 leased to the New York New H aven & Hartford,
& N. E. for 99 years from Feb. 1,1869; rental is 8 per cent on preferred
possession being given Ju ly 1,1893. About $5,500,000 of the stook
stock. Common is $6,600. Notes payable June, 1894, $275,500.
was exchanged for New Haven stock. The lease provides for dividends
O c o n e e Sc W e s t e r n . —See S upplem ent of May, 1894.
7p. o. per annum on stock not exchanged. See V. 56, p. 247,374. The
O g d e n M in e .-.O w n s from Nolan’s Point (Lake Hopatoong) to Old Colony Steamboat stock for $1,200,000 was m ostly exchanged for
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from stock of the Old Colony RR. Co. Dividend due in July, 1894, on
Jan . 1,1882, to Central RR. of N. J. for 5 p. c. per annum on capital
stock was not paid. The Steam boat Co. in November,
stock and $500 yearly for organization expenses.
1893, sola $500,000 of 10-year 5 p er cent gold bonds for new steamers.
.. O.gdenHbii r g Sc L a k e C h a m p l a i n . —Owns from Rouse’s Point,
Stock, E tc .—An increase of stock from $12,000,000 to $15,000,000
N. Y., to Ogdensburg, N. Y., 118 miles, and leases branch, 9 miles. On was authorized m Nov., 1889, and on Sept. 27,1892, a further issue
Jim e 1,1886, leased In perpetuity to the Central Vermont RR. Co. for was authorized in order to raise the grade of Boston & Providence
m te r est on bonds. i Stock, common, $3,077,000 (par, $100), of which teack for four miles, as ordered by the Legislature. In Aug., 1892, $200,$1,591,000 is owned by Central Vt.; preferred, $500. On June 30,1894, 000 stock was issued; in Jan. and Mar., 1893, $400,000 more was sold
loans and bills payable, $ 60,000.
f l o a t i n g debt afte r deducting cask assets June 30,1894,
ye,a r ending Ju n e 30, 1894, gross, $781,090; net, $556,554. In 1894 $2,500,000 4s of 1924 were issued. In Sept., 1894,
$220,565; deficit under interest, etc., for year, $4,650. In 1892-93, $ 200,000 of stock was sold to p ay for Dover St. bridge and other im­
provements.
f8?pS3 8 4 a n o ! Vne5t9,$p 671 .I,_(V - &6’ P> ^
213
V> 57’P‘ 5 »4,1040; V.
D ividends since 1881—In 1882, 6*$; 1883 to July, 1891, both in­
Map)— oad.—Owns from Benwood, opposite clusive, a t the ra te of 7 per cent y e arly ; in December, 1891 (dividends
R
Wheeling, West Va., to H untington, W estV a.,211 m iles; trackage into changed to quarterly), 2»10 per cent; in 1892, 7 ; in 1893, March, 1%
Wheeling, 3 m iles; leases H untington & Big Sandy Railroad (opened per cent; June, 2*$; thereafter 1% per cent quarterly under the lease.
early in 1893), Huntington to Kenova, West Va., on the Norfolk &
in V.
Statement
w estern s new line, 12 m iles; operates Ravenswood Speucer & Glen- f°Annual R eport .—Report for 1892-93, 512. 57, p. 546. since July
t
ending Ju n e 30,1894, in V. 59, p.
Operations
ville Railway, Ravenswood to Spencer, 33 miles; total, 259 miles.
1,1893, are included in N. Y. N. H. & H. report.
Stock .—Authorized, $6,000,000; outstanding, $5,915,430; par, $100Year ending June 30.
1891.
1892.
1893.
x Bo!S?sr f ? 18i.ee ° l tlie flr8t and the general mortgage is the Fidelitv Gross earnings...............$8,376,452
^
8,744,812
$9,408,88
io n ^ ^ T
8afe Dep. Co. of Phila. The R. S. & G. m ortgage is for $400“- Net earnings.................. $1,906,177
2,050,426
$2,228,35
Total income............$2,145,231
¿ oqo 'tq *Lme 30’
Principal and interest, am ounted to
$2,210,233
$2,364,42
Iq
o’ i iUs Payable, $317,500, and m treasury were $402,000 of the Rentals paid................... $563,373
o
$582,908
$606,74
$3,000,000 general M. 5s and $132,050 H unt. & Big Sandy 6s.
In te re s t...........................
696,213
716,949
729,04
(6%) 827,611 (7-5813)1,027,91
E arnings.—O n215 miles, > 1 8 9 4 ....gross,$360,559; net, $122.053 Dividends.................... . (7) 872,690
Ja n . 1 to Ju ly 31,7 mos. > 1893----gross, 440,909; net, 155,262
Balance, surplus-. -. $12,955
$82,765
$675
A nnual R eport .—Fiscal year ends Dec. 31. R eport for 1893. w ith —(V. 56, p. 247, 289, 374, 793; V. 57,
469, 5 4 6 , 556,1084; V. 59,
balance sheet, was in V. 58, p. 864, showing gross earnings, $790,262; p. 512.)
P
. ve.rvct. v»r . to eam ’s
» exp. iuvcuiii:




§

10 3
BONDS.
AND
STOCKS
BAILROAD
S epte m b e r , 1894.]




1 0 1

1ÊTVESTOBS

SütFLEMEJSl.

[VOL, L1X,

Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Table».
INTEREST OR DIVIDENDS.
J
______
RAILROADS.
Miles D ate Size, or
Amount
P ar Outstanding R ate per When IWhere Payable, and bv * Stocks—Last
of
F o r explanation of column headings, &c., see notes of
Whom.
Cenf. Payable
Road. Bonds Value.
Dividend.
on first page of tables.
In default.
4 g. J. & J.
Jan. 1, 1937
145 1887 $1,000 $2,717,000
Omaha A St. Louts—1st mortgage, gold................ c*
do
51,000
5 g. J. & D.
1,000
May 1, 1940
145 1890
2d m ortgage ($4,000 per mile) gold........ -.-.o
J. & J.
do
5
271,700
Jan. 1, 1937
1891
Fund. int. certs, sec. by 1st M. ooups.,red. a t 100
'5 g. J. & J. N. Y., South Pacific Co. July 1, 1927
i'ooo 18.707.000
Oregon A Oal.—lstM .,g.($30,000p.m.)dr’n a tl0 0 .c * 596 1887
IES.
Oregon Improvement—See Miscellaneous Compan
A. & O. Apr., ’92, coup, last pd.
8
850.000
Oregon F a c ile —Receiver’s certificates........ .
000 6 g. A. & O. Apr., ’90, coup, last pd. Oct* *1 ,* 1900
1,000 15.000.
1 st m o rt.,lan d grant, s. f., g., $25,000p. m — c <
fer Ï36 1890
See text.
6 per an. Q—J.
000
100 24.000.
Oct. 2, 1893
Oregon Railway A Navigation—Stock.. . . . . . . - ... - - 750.000
1894
Receiver’s certs., ($500,000 are prior to 1st M.)..
J. & J. July, ’94, pd. Aug. 1,’94 Juiy 1,* 1909
6 g.
i'ooo 4.940.000
1st m ort. bonds, gold, sink. fd. (drawn a t 100). .e 819 1879
12.583.000
5 g. J. & D. Juné, ’93, coup, last pd. June 1, 1925
1,000
Consol, mort., gold, $25,000 per mile (see text)c&r 819 1885
5.182.000
5 g. M. & S. Sept.,’93, coup, last pd. Sept. 1, 1919
1,000
Collateral tru st, gold, redeem able a t 1 0 5 ....... c* 223 1889
100 26,244,853
Oregon Short L. AU.Nor.—Stock, $27,000,000 auth,
F. & A. Feb.’94, cou. p’d Mar. 19 Feb! i',' 1922
*6*
14.931.000
1,000
1882
©re. Sh. L. 1st M., prin. gold, int. lawful money.c*
J. & J. Jan., ’94,coup, last paid 4t Co.’s option
7
424.000
1,000
1870
U tah Southern 1st mortgage, cu rren cy ... . . . . . . . .
do
do
J . & J.
7
1.526.000
July 1, 1909
1,000
U tah So. m o rt, S. Lake to Juab (for $1,950,000). c 105 1879
do
do
J. & J.
7
1.950.000
July 1, 1909
1,000
1879
U tah South. Extension., 1st M., Juab to Frisco.c 138
do
do
J. & J.
7
4.995.000
July 1, 1908
1,000
1878
U tah & N orthern 1st m ort., $12,000 per mile..c*
do
do
July 1, 1926
1.831.000
5 g. J. & J.
1,000
1886
ConsoL M.,guar., $15,000 p. m.,s. f.not dr’n.g.C 489
See text.
A. & O.
5
107.000
Apr.l,yearly.
1,000
1887
E quipm ent Donds ($35,000 payable yearly).—
J. & J. J an., ’9 4, coup, last paid Jan. 1, 1917
6
131.000
1,000
1887
Id ah o Central 1st mort. Nampa to Boise City ..o^ "Í9
10.895.000
5 g. A. & O. Oct., ’93, coup, last pd. Apr. 1, 1919
1,000
1,482 1889
Con. M., see tex t, gold, red. a t 105......................e*
000 5 g. M. & S. Sept. ,’93, coup, last pd. Sept. 1, 1919
1889 500 &c. 13.000.
Collateral trust, gold (redeemable a t 105) guar.c*
Oswego A Rome—See R ome Watertown & Ogden SBURG
1,320,400 9 per an. F. & A. N. Y., Del. L. & W. RR, Aug., 1894
50
35
Oswego A Syracuse—Stock, 9 p. c. guar., D. L. & W
do
do
M. & 8.
Mch. 1, 1907
7
438.000
1,000
35 1876
Consolidated m ortgage (guar. D. L. & W .). . . . . . . .
M. & N. N. Y., Farm . L. & Tr. Co. May, 1923
5
668.000
1,000
35 1883
Construction M., guar.pnn. &int. (for $1,000,000)
5
560,000
Owensb. Falls o f Rough A G. Riv.—Old 1st m o rt...
R&
1943
See text.
1892
Consol, mortgage, $20,000 per mile, gold........ .
6 g. M. & N. N. Y., 120 Broadway. Nov. 1, 1931
2,000,00_
1,000
88 1881
Owensboro A Nashville—la t mortgage, gold.. . . . . . e
2.432.000
5 g. J. & J Jan ., ’94, coup, last pd. July 1, 1920
1,000
118 ’90-’92
Paducah Tenn.A Ala.—IstM ., $20,000p. m., goldc
5 g. M. & N May, ’93, coup, last pd. May 1, 1922
1.491.000
1,000
135 1892
Tennessee Midland 1st M., gold, interest g u a r.. c
1.220.000
5 g. Ij. & J July, 1893, last paid. July 1, 1922
1,000
135 1892
2d m ortgage, gold, interest guaranteed..........c
Oregon Short Line & 1)tali Nortnern
.—(¡see
O m a b a & S t. L o u is .—Owns Council Bluffs la., to Pattonsburg, Mo.> Pacific.)—R oad .—Owns road from Granger, Wyoming, to Map Union
Huntington,
144 miles. In June, 1893, John F. B arnard was appointed receiver.
Oregon, 542 m iles; branch Shoshone to Ketchum, Idaho, 70 miles;
On M arch 2,1894, the first m ortgage bondholders’ committee, W. Ogden to McCammon, Idaho, 111 m iles; Pocatello to Silver Bow, Mon- j
Em len Roosevelt, Chairman, reported th a t $450,000 would
ueces- ta n a , 256 m iles; Lehi Junction to Tintic, U tah, 54 m iles; Ogden, Utah,
sary to place the road in an independent position. V. 58, p. 384. JJesundry branches, 117 miles (ef
40 miles
n ositary tor first mortgage b o n is is N. Y. G uaranty & Indem nity OO., to Frisco, 275 m iles;1,425 miles. Also owns but leases which Montana
narrow gauge); total,
to the
59 Cedar St., N. Y. Receipts listed on N. Y. Exchange. V. o9, p. 291.
Union Ry., Silver Bow, Idaho, to B utte, Garrison, Mont., etc., 57miles.
St o c k —Pref. 6 p.c. non-cu., $2,220,500; com., $2,313,000; par, $100. Also leases and controls the Ore. R. & Nav. Co., which see above.
B onds .—Five coupons to Jan. 1,1893, were funded. In terest due
Organization .—Form ed in 1889 by a consolidation of the Oregon
Ju ly 1,1893, w as not paid. A bstract of mortgage, V. 45, p. 213. Bills Short Line, the U tah N orthern and other lines. I t is controlled by the
Union Pacific Railway Co, which, operated it under a traffic agreement.
payable Ju ly i , 1892, $50,212.;
E arnings.—From Jan. 1 to Ju ly 31,1894 (7 mos.), gross, $227,269,
R e c e iv e r sh ip .—On Sept. 6, 1894, the receivers of Union Pacific,
ag ain st $326,889 in 1893. For year 1892-93 gross, $ 608,468 agatast Messrs. Clark, Mink, Anderson, Coudert and Doane, were appointed
$575,310 in 1891-92; net, $97,171, against $75,673.—(V. 59, p. 28,291.) receivers for Oregon S. L. & U tah Northern.
Coupon P ayments .—Of the coupons due Jan. 1.1894, those held by
O r e s o n & California.—
From Portland, Ore., to California State
Una, 367 m iles; Albany Junction to Lebanon, 12 m iles; Portland to the public were paid Feb. 19,1894, by Union Trust Co., N. Y., or Union
Pac. Treasurer in Boston. Receivers have applied to court to pay
Corvallis, 97 miles; Woodburn to Natron, 9 3 miles; purchased in 1893
O regonian RR. and Portland & Yamhill RR.; Portland, Ore., to Airlee, those held hy U. P. Company. Oregon Short Line interest due Feb. 1,
1894, was paid March 19. U tah & N orthern equip, tru st 5s, int. and
Ore”, and branch, 86 miles. Total, 653 miles.
paid May 21, 1894. July and
L ease , E tc.—Leased to Southern Pacific Co. for 40 years from Janu­ sinking fund due April 1, 1894, wasloans were not paid at maturity.
August, 1894, coupons of th e several
a ry 1,1887, the lessee guaranteeing interest on the bonds, and the lessor
Capital Stock.—Stock authorized $27,000,000 (par, $100); outstand­
receiving any n e t profit and being charged with, any deficit after pay­
m ent of charges. Betterm ents are payable by lessor. Pacific Improve- ing $26,244,853, of which Union Pac. Jan . 1,189^, owned $15,116,703,
m en t Co. owns the bulk of its $19,000,000 stock, $ 12 >
000,000 of wffioh pledged as p a rt security for the U. P. collateral tru s t notes of 1891.
F loating D ebt .—J an. 1 ,1 8 9 4 , $5,878,674, of which $3,389,858 due
is 7 p. o. pref.; par is $100. Due So. Pac. Co. J a n 1,1894, $94,394.
B onds.—Land grant was about 4,000,000 acres, p a rt of which is cov­ tt "P Assets_Comnanv’sbonds, $1,567,011; accounts receivable,$251,ered by the mortgage, proceeds of land sales going to redeem bonds drawn i s *
a t par, unless purchasable lower. Trustee of mortgage, Union Trust the $10,895,000 consols outstanding Jan. 1, 1894, $1,501,000 were
Company, New York. The Southern Pacific guaranty of principal and pledged with U. P. as collateral for advances, w ith power to sell.
BONDHOLDERS’ Committees.—Oregon Short Line first mortgage 6s—
Interest is printed on each of the 5 per cents. In 1893 n et land sales
subject to m o rt were 19,224 acres for $64,577; cash receipts, $21,900 Com m ittee: R. C. M artin, Chairman, 50 Broadway, N.Y.; John Bige­
low, Cyrus J. L aw rence-B ernhard Mamzer and Gordon Abbott, SecE arnings.—In 1893 gross earnings were $1,863,140; net, $569,691
(against $484,929 in 1892); fixed charges, $1,012,523; deficit for r e t a r y f a P. Butler, 54 V ail Street, N .Y.; depositaries, CentralTrust,
N. Y., and Old Colony Trust, Boston. V. 59, p. 2 8 ,1 1 7 , 192 , 319.
year, $442f833.-(V. 56, p. 165; V. 57, p. 469; V. 58, p. 384.)
collatorcd trust 5s
O r e g o n P a c if i c .—owns from Yaquina to Detroit, Ore., 138 miles 8. Consolidated 5s of 1919 andan: W. G. Oakman, of S. Bitz, George C.
Endicott Peabody, C hairm
W.
Land g ra n t of 850,000 acres was subject to a lien of $600,000.
Lee Howland Davis, B arthold Schlesinger and Francis S. Bangs, Sec­
S ale.—On Oct. 22,1894, the court will fix a date for the sale of this retary, N. W. Jordan, Exchange Building, State Street, B oston; deposi­
taries N Y. G uaranty & Indem nity Co., N. Y., and American L.& T.
road. Receiver is F. L. Hadley. Stock is $30,000 per mile.
E arnings. - I n year 1891-92 gross, $117,339 ¡deficit under operating Co., Boston. A committee formed in Am sterdam will also work in
expenses, $80,465. Office, 45 William St., N. Y. (V. 57, p. 723,1084. harm ony with this committee. Y. 59,p. 71.
B onds.—The Oregon Short Line Qs cover th em ain line'from Grauger,
1123; V. 58, p. 431, 774, 988 ; V. 59, p. 153.)
Wyo., to Huntington, Ore., and branch to Ketchum,
O r e s o n R a i l w a y Sc N a v i g a t i o n .—(See Map "Union Pacific.)
idated mortgage due 1919, trustee is American Loan & Trust Co. ad
ROAD.—E ast Portland, Ore., to H untington, Ore., 403 m iles; branches
„
656 m iles; to tal Jan. 1,1893,1,059 miles, of which 13 miles narrow stract of m ortgage Y. 51, p. 242.
gauge—269 miles are iron rails. Ocean line to San Francisco, 670 miles.
The collateral trust bonds of 1889 are secured by deposit of $ i3r
000 000 of Oregon Ry. & Nav. stock. The Union P a0-rK|ia^an^® ^ „ f
e?
O r g a n i z a t i o n . — Leased for 9 9 years from Jan. 1 , 1 8 8 7 , to the Oregon
Short Line & Utah Northern RR.; rental 6 per cent per an. on stock and
interest on bonds. This lease (see abstract V. 4 5 , p. 5 3 9 ) was guaranteed
by the U. Pac. Oregon Short Line owns majority of stock. V. 5 9 , p. z» i.
R eceiversh ip , E tc . — June, 1894, E. R. McNeil was appointed
In
■ fflET&SWr.
Set»
ann u al R eport .—R eport for 1893 showed as follows. The charges
separate receiver. V. 58, p. 1110. Of the $750,000 receiver’s certifi­
cates authorized, $500,000 are a prior lien to 1st mortgage and issued in l8 9 3 do not include any sum due Uu. Pac for carrying the floating
fo r repairs, etc.; $250,000 are subject to 1st mortgage. V. 59, p. 153. debt, the annual expense for which w as about $ 200,000.
1893.
1892.
Coupon P ayments.—
First mortgage interest due Ju ly 1,1894, was
Year ending December 31
1891.
1,425
•»aid Aug. 1 a t N. Y. Security & T rust Co. December, 1893, consol, mort- Average miles operated..............
1,425
oowe coupons were not paid, b u t in March, 1894, Deutsche Bank, Berlin Gross earnings.....------------- - -$7 ,&/a.^ od $ 7 , 201,200 $5,861,634
2,078,540
announced th a t it would purchase them.
2,670,122
Net earns, (after deducting taxes). 2,783,914
630,945
842,400
B ondholders ’ Committees .—Consolidated bondholders’ committee. Dividends Ore. Ry. & Nav. stock.
848,049
66,789
183,735
A lfred S. Heidelbach, 29 William Street, N. Y., Chairman, W. T. Bull, Other income from invest., e tc ...
i »7, oUj
George Coppell, Charles S. Fairchild and A. Marcus, w ith H ow ard G.
$2,776,274
Tracy, Secretary, 41 Wall Street, N. Y. Depositary, N .Y . Security &
Total n e t incom e..................... $3,819,566 $3,696,257 $2,794,726
T ru st Co., 46 Wall St., N. Y. V. 57, p. 980,1040,1084. V. 58, p. 942.
$2,804,627
Interest on bo
220,390
Coll, trust bondholders’ com m ittee: J. Crosby Brown, Jam es Jackson ftin Inti < fund. n d s..............-..........
220,497
>
■
................................. .
217)458
1,992,459
a n d Robert Flem ing; depositary, U. S. T rust Co., N. Y. V. 59, p. 71.
1,564,441
Loss on 1’sedlin’s (O. Ry.&N.syst’m)1,126,949
M inority Shareholders' Committee is composed of H enry K. Reed, Miscellaneous....... .....................
cr.73,526 ____ cr.486
________
Chairm an, Thomas L. Livermore and Joseph S. Fay, Jr.
There is also a Berlin com m ittee; address, Deutsche Bank, B enin.
Ralance
.......... .................... df. $409,106 df. $819,781 df. $2,230,815
B onds.—First mortgage has a sinking fund ($116,000 in 1892) to —(Y. 54, p. 7 1 9 5 V. 56, p. 247; V. 59, p. 28, 71,117,192, 423.)
buy bonds a t or below 110, or else draw them a t par on January 1.
Collateral trust abstract, V. 51, p. 243.
F loating D ebt on Dec. 31,1893, was $1,569,468, of which $1,094,- Y .^fl'm ites.*
717 accounts payable and $469,489 coupons unpaid. Assets, $1,160,- thereof to the Delaware Lackaw anna & W estern R ^ o s m Lompaaij
9 per cent per year on $1,320,400 stock and interest on bonds.
284, including bills and accounts receivable, $1,120,932.
Owensboro Falls of Rough & Green River.-SeeJuly,
E arnings.—6 m onths,) 1894, gross, $1,228,691; deficit, $176,947.
Jan . 1 to June 30, J 1893, gross, $1,855,510; net, $339,918.
1894, SUPPLEMENT.
A nnual R eports .—Union Pacific reports have shown:
O w e n s b o r o & N a s h v i l le .-S e e Su pplem en t , May, 189L
Gross Net, incl.other Interest Dividends,
Paducah Tennessee& Alab ama.-fi«AD.
Lexington,
Deficit.
etc.
Tear.
Earnings.
income.
on bonds.
cah Ky. to junction w ith T en n essee M idland a t , L e » n |w ^
1893.$ 3,868,113
$863,812 $1,184,650 $1,671,620 ? 1,992,458 Tenn 119 m iles, and operates the Tennessee Midland RR. **
1892. . .. 4,831,793 1,321,929 1,076,461 1,809,909 1,564,441
1891. 5,673,172
1,726,046 1,070,367 1,782,628 1,126,949
fc a B flft& th M jR jf e s i
1,789,190
1890. 4,954,711
908,336 1,016,456 1,681,070
—(V 5 7 ,p. 980,’ 1,040,1,084,1,123 ; V. 58, p. 942,1035, 1110 ; V. 59
p. 71,153, 291.)




RAILROAD

S e p t e m b e r , 1894.J

I

*

r o s3

Hondo Reservoir No.l
Under Construction,
CavacuvÆmÈ
cu.ft.




AND

BONDS.

10S

MAP OF

I o
7-

STOCKS

:

t* 1

THE PECOS VALLEY
SHOW
ING THE

PECOS VALLEY RAILWAY
THE IRRIGATING CANALS
A N D T H E L A N D S W A T E R E D BY T H E M .

ALL CONTROLLED BY

T H E PECOS CO.
INDICATES IRRIGATED LANDS
4 0 0 ,0 0 0 ACRES.

NORTH

A

1 0 6

INVESTORS’ SUPPLEMENT.

[V o l . LIX.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
RAILROADS.
Miles D ate Size, or
P ar
of
F o r explanation of column headings, &c., see notes of
Road. Bonds Value.
on first page of tables.
$100
48
Panama—Stock....................................................
*200
48 1867
General M. for *1,000,000 sterling (See te x t).. .c
48 1880 $1,000
Sinking fund subsidy bonds.,gold, draw n a t lOO.c*
50
15 . . . .
Paterson dt Hud.Riv.—Stk., 8p.c. rent. N.Y.L.E.&W.
Paterson dt Ramapo—S tock............................-............
1,000
89 1890
Pecos Valley;- 1st m ort., gold, $12,000 per mile, .o*
50
Pennsylvania—Stock............................... ......... ..........
General mort. bonds, $1,000 and *200 each..c&r 568 1867 $ or *
1,000
9
( Currency registered bonds.................. r 568 1875
1,000
Currency coupon bonds......................c 568 1875
Seo «¡^ J Sterling bonds....................................... o 568 1873-4 *200
1,000
g S | Gold registered bonds..........................r 568 1879
1,000
Si-i 3 & Gold coupon bonds...............................c 568 1879
1,000
o ° ® ® (Gold sink, fund, 1 p. c., not draw n, .c* 568 1893
1,000
1881
Bonds (P. W. & B. stock as collat.) n ot d ra w n ...r
5,000
1881
Navy Yard m ort. (extended 20 years in 1881).. .r
1,000
1883
Collateral tru st loan, gold, not draw n................c*
1,000
1889
Equip. Tr. gold bonds (s. f. 5 p.c.) not draw n— c*
1884-8 1,000
Penn. Car Trust (in series payable Lo yearly)—
’86-91 1,000
Penn. Equip. Trust (in series payable ijo yearly).
1,000
1892
Penn. Rolling Stock T rust (1-10 payable yearly).
5,000
1889
Del. Ave. M arket 1st mortgage............................. r
1,000
1892
1,000
1893
50
Pennsylvania Company—Stock...........I ............
1,000
1877
Bonds, sec. by P . F t W.&C. stock (s.f .dr’n a t ]
1,000
1881
Bonds, gold, sec. by pl’ge & guar, (not dr’n)..c*&r . . . .
Car tru s ts ................................................. . - - - - -----50
"62
Pennsylvania dt Northwestern—Stock (see te x t)---1,000
24 1875
Bell’s Gap Extension 1st m ortgage....................o
24 1883 50Ó &c.
Consol, mort. (for $550,000) s. fund not dr’n .c ’
38 1886 500 &c.
Clearfield & Jefferson 1st m ortgage........ .......... c’
1,000
62 1890
Perm. & N. W. gen. mortgage for $2,500,000...c
S tock authorized, $20,000 per m ile; outstanding, $2,432,000
B onds . —Car tru sts Feb. 20,1893, $85,609. Nov., ’93, interest on Tenn

Mid. w ent unpaid. Jan ., 1894, interest on P, T. & A. firsts was paid
When due, b u t Ju ly interest is in default.
E arnings .—On Paducah road proper from Jan. 1 to Aug. 31,1893,
gross $207,766, against $129,207 in 1892; and on Tennessee Midland,
sam e period, $148,228, against $117,046. (V. 56, p. 502; V. 57, p. 765.)
Panama.—oad —Owns from Colon to Panam a, 48 miles.
R
H istory . —
Completed Jan . 28, ’55. In June, ’81, 68,534 shares of the
stock was sold to parties interested in the De Lesseps Panam a Canal Co.
The contract (see V. 57, p. 145) w ith the Pacific Mail 88. Co. expired
Ju n e 15,1894, and was not renewed. The Panam a Co. has chartered
three other steam ers. V. 58, p. 1036.
D ividends since 1884: In 1885,10; in 1886 and 1887, nil; in 1888»
23; in 1889, 9; in 1890, 5; in 1891, 5; in ’92, 2 p. c.; in ’93, Jan. 2 p. c.
B onds .—As to holders’ right to extend the general mortgage bonds
issued in 1892 see S upplem ent of January, 1894.
The subsidy bonds are secured by pledge of $225,000 annual sub­
sidy payable by the U. 8. of Colombia to the company, and are draw n
and paid off on November 1 , yearly, w ith any surplus of the subsidy not
needed for interest, $90,000 bonds being paid Nov. 1,1893. Sinking
fund Ja n . 1,1894, held $633,000 of the 7s and $368,000 of th e 6s.
Ia n n u a l R eport .—
The report for 1893 in Chronicle , V. 58, p. 593»
showed gross earnings of $1,047,010, against $1,435,990 in 1892; net,
$130,249, against $487,636; other income, $367,114, against $332,752.
I n 1893 there was a deficit of $18,570 under interest, sinking fund and
other charges, against a surplus of $182,816 in 1892. (V. 55, p. 374,
503, 723, 996,1111; V. 56, p. 127, 375, 5 7 8 , 580, 887; V. 57, p. 145,
468; V. 58, p. 5 9 3 , 716,1036.)
Paterson & Hudson River.—
Owns from Weehawken, N. J., to
Paterson, N. J., 13 miles, double track. Leased in perpetuity a t $48,400
p e r year to New York Lake Erie & West., form ing p a rt of its main line.
Paterson & Ramapo.—
Owns from Paterson, N. J., to New York
State Line, 14 miles, double track, p a rt of main line of N. Y. L. E. & W.,
to which it was leased Sept. 9,1852, during legal existence, a t $26,500.
Pecos Valley.— M ap.)—Projected from Pecos City, Tex., on the
(See
Texas & Pac. RR., via the valley of the Pecos River, to Albuquerque, New
Mexico, on the Atchison Topeka & Santa Fe, about 340 miles; completed
In January, 1891, from Pecos City to Eddy, about 90 m iles; extension
Eddy to Roswell, 80 miles, about completed in September, 1894. The
m ortgage (trustee, Mercantile T rust Company of New York) is for
$5,000,000. Stock authorized, $5,000,000; outstanding, $1,105,000;
p a r $100. E arnings .—In year 1892-93 gross earnings $122,634; net,
*30,035, against $13,526 in 1891-92; charges, $7,274. J. J. Hagerman,
President, Colorado Springs, Col. (V. 51, p. 458; V. 58, p. 637, 904.)
P e n n s y l v a n i a . —(»See -Map;—L ine op R oad—The Pennsylvania sys­
tem embraces about 8,800 miles of railroad, including all east and west
o f Pittsburg. A t the close of 1893 the mileage operated east of Pitts­
bu rg & Erie, on which earnings as reported were based, w as divided as
follows: Pennsylvania Division and branches, 1,591; Philadelphia &
E rie Division, 546; United Railroads of New Jersey and branches, 521;
to ta l operated, New York to Pittsburg, w ith branches, 2,658.
Organization , Leases , &c.—The charter of the Pennsylvania Rail
road was dated April 13,1846. The Pennsylvania Company controls
a ll the lines west of Pittsburg and Erie, the Pennsylvania Railroad
Company holding all its stock. Control of Cresson Clearfield Co. &
N. Y- Short Route, Terre H aute & Indianapoiis, Toledo Peoria & W,
and Cleveland & M arietta was obtained in 1893, thus adding 965 miles
to the system. Piers 3, 4 and 5 North River were purchased.
S e c ur it ie s Ow n e d .—The total cost of the stocks and bonds of other
companies held in the treasury was to Jan u ary 1,1894, $118,686,409,
m ost of which are pledged to secure Pennsylvania issues. Revenue
derived from these securities in 1893, $4,955,037.
Capital Stock.—Stock authorized by law $151,700,000; the am ount
outstanding has been increased from tim e to time, chiefly by sale a t
p a r to stockholders, for new acquisitions, etc. (V. 54, p. 447.) In 1893
stock was increased $2,496,550, m aking to ta l Dec. 31, $129,271,050.
D ividends .—In 1883, 8* ; in 1884, 7; in 1885 and in 1886, 5; in 1887
2
5 ig ; in 1888 and 1889, 5 per cent yearly; in 1890, May, 5*$; in 1891,
6 ; in 1892, 6 ; in 1893, May, 212 per cent in cash and 2 per cent in
scrip convertible into sto c k ; Nov., 2 ^ p. c. c a sh ; in 1891, May, 2 ^ p. c.
B onds .—Interest on general mortgage 6s of 1867 is payable on coupon
bonds January 1 and Ju ly 1; on registered bonds, April 1 and October 1.
T h e consolidated mortgage of 1873 for $100,000,000 secures all the
con sols equally, though issued a t different dates; of the am ount author­
ized , a sufficient am ount is reserved to retire the general mortgage of
1867. I t covers all the property and franchises of the company,
including its m ain line from Philadelphia to Pittsburg, and branches,
being a total of 568 iriles, partly four-tracked, together w ith real
e state and equipment. I t is also a first lien on the comp any’s leasehold
in te rest in other railroad lines and canals, as well as on shares and
bonds of other companies of an estim ated cash value of over $50,000,000. These securities produced in 1892 an income of over $2,600,000.
Sinking fund for consols Jan. 1,1894, held—Consols canceled, $1,771,980; other securities, $3,386,375.




INTEREST OR DIVIDENDS.
Amount
When
Last
Outstanding R ate per Payable Where Payable, and by Stocks—
Cent.
Whom.
Dividend.
$7,000,000 See text. Various N. Y., 29 Broadwav. Jan. 3, 1893
*800,000
7 g. A.10&O. N. Y. Office & London. Oct. 10,1897
$2,055,000
6 g. M. & N. N. Y., 29 Broadwav. Nov. 1, 1910
630.000 8 per an. J. & J. N. Y., 44 Exchange PI. July 2, 1894
298.000 8 p er an. J. & J. N. Y., 21 Cortlandt St. July 2, 1894
987.000
5 g- A. & O. N.Y., Mercantile Tr. Co. Oct. 1, 1920
129,271,050 See text. M. & N. Philadelphia, Office. May 31,1894
See te x t Phila. Office & London. July 1, 1910
6
19,997,820
Q.-M. is Philadelphia, Office. June 15,1905
6
1,961,000
J.&D. is
6
do
do
2,757,000
June 15,1905
6
J. & J. Phila. office and London July 1, 1905
22.762,020
Q.-M .
Philadelphia, Office.
3,498,000
5 g.
Sept. 1, 1919
do
do
1,500,000
5 g- M. & S.
Sept. 1, 1919
3,000,000
4 g. M. & N. N. Y., Farm ’s L. & T. Co. May 1, 1943
4
J. & J. Phila.,Pa. Co.for Ins.&o. July 1, 1921
7,788,000
5
J. & J.
Phila., Co.’s Office.
1,000,000
Jan. 1, 1901
9,900,000
4*ag. J. & D. Phila.,Provid’tL.&T.Co. June 1, 1913
M. & S. Phila., Gir’d Life &c. Co. Sept. 1, 1914
2,728,000
4 g.
QuarTy. Phila.,Provid’tL.&T.Co. 1894 to 1898
5
200,000
Q .-F . Phila. ,Tr. 8. Dep.& I. Co. 1896 to 1901
4
4,187,000
Quar. Phila., Gir’d Life &c. Co.
4
3,270,000
1902
300,000
43io M. & S. Phila., 233 So. 4th St.
Mar. 1, 1909
M. & 8.
Philadelphia.
200,000
Sept. 1, 1912
1,675,000
4 g- M. & N. N. Y., Farm ers’ L. & Tr. May 1, 1923
Pittsburg, Co.’s Office. May 9, 1894
21,000,000 See text.
6
963,000
Q .-J . Phila., Tr. S. D. & I. Co. July 5, 1907
19,467,000
4*ag. J. & J. N. Y., N at’l City Bank. July 1, 1921
4
2,423,059
Various dates.
2,250,000 See text. J. & J. Phila., Gu.Tr. & S. D.Co. Jan. 10, 1894
F. & A. Phila., 105 S. Fourth St. Aug. 1, 1905
6
81,000
A. & O. Phila., Gu.Tr. & S. D.Co. Apr. 1, 1913
148,000
6
do
do
J. & J.
6
1,000,000
Jan. 1, 1927
do
do
J. & J.
645,000
5
Jan. 1, 1930

The 4 per cent loan 0 I 88I is sesured by pledge of Philadelphia Wil­
/
m ington & Baltim ore stock.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the pa r value of $13,600,000.
The guaranteed securities are bought w ith 1 per cent of the net income
yearly, and $8,847,690 so purchased were held Jan. 1,1894.
G uaranteed B onds.—For a list of the bonds guaranteed see Sup ­
plement of March, 1894.
General F inances.—Mortgages and ground rents Jan. 1, 1894,
$3,919,800. In May, 1893, were issued $1,675,000 real estate bonds
($2,000,000 authorized) for pier property in N. Y. City and $3,000,000
consol. 4s for other improvem ents ($6,000,000 authorized).
L atest E arnings.—January 1 to Ju ly 31,1894 (7 months), gross on
lines east of Pittsburg and Erie were $31,007,502, against $39,437,464
in 1893; net, $8,279,534, against $10,365,972 in 1893. For same
periods on lines w est of P ittsburg and Erie gross earnings in 1894
showed a deer ease of $5,251,442 compared w ith 1893 and the net earn­
ings a decrease of $1,756,649.
Annual R eport .—Fiscal year ends Dec. 31. Annual meeting is held
a t Philadelphia on second Tuesday in March. The report for 1893 was
in the Chronicle , Y. 58, p. 411, 428, 431, giving full particulars.
EARNINGS ON ALL LINES BOTH EAST AND WEST OP PITTSBURG AND ERIE.
Tear ending Dec. 31—
1891.
1892.
1893.
Gross earnings..................... $134,254,613 $138,974,520 $135,059,787
Operating expenses..........
91,819,660
98,352,083
95,491,558
Net earnings................. $42,434,953
$40,622,437 $39,568,229
The income account has been as follows, the “ n et income ” given in
the first line being the am ount of income after deducting interest paid.
INCOME ACCOUNT OP PENNSYLVANIA RAILROAD COMPANY.
1891.
1892.
1893.
Year ending Dec. 31—
Net income Penn. RR. Div’n $12,257,432 $10,794,260 $10,296,248
—276,456
—299,199
—194,529
Net loss or gain on N. J. Div.
9,135 profit 10,849 profit 14,716
Loss on Pitts. & Erie D iv...
Balance of incom e........
Payments—To tru st fund .
Consol, m ortgage redeemed.
AUegh.Val.RR. Co.—Defic’y
Extraordinary expenses....
Balance to credit of income
Dividends........ .....................
To credit of profit and loss.
Bal.in set’m ’t of claims, &c.

$11,971,841
98,622
324,780
274,062
1,510,758

$10,505,910
89,179
324,780
1,263,137

$10,116,435
73,855
324,780*
242,975
2,163,210

$1,677,096
$2,804,820
$2,208,222
8,828,814
7,311,615
9,763,619
(6) 7,495,598 (6) 7,606,456 (5) 6,400,508
$911,107
$2,268,021
$1,222,358
+904,669 +1,640,673
+49,019

$2,317,040
$2,127,027
$2,551,780
Balance....................—
Bal.proflt and loss Dec. 31. $24,334,833 $26,461,860 $29,013,641
.........
.........
$2,535,490
Deduct scrip dividend.
—(Y.56, p. 4 3 ,3 9 3 , 4 1 2 , 4 1 5 ,5 0 2 ,5 3 8 , 711,753,782; V. 57, p. 3,61,
721, 874, 979, 980,1099, 1123 ; V. 58, p. 4 1 1 , 4 2 8 , 431.)
P e n n s y l v a n i a C o m p a n y .—Chartered in Pennsylvania April 7,
1870, and operates all the Pennsylvania’s leased lines west of Pittsburg.
Its stock is owned by the Pennsylvania Railroad. On Dec. 31,1893, the
Pennsylvania Company owned sundry bonds having a pa r value of
$6,053,500, and stocks of p a r value of $55,383,518, these stocks and
bonds representing on the company’s books a value of $30,633,179
and yielding from Jan. 1 to Dec. 31, 1893, an income of $2,075,684.
Of these securities p a rt are pledged as said below.
D ividends .—In 1883,4 per cent; then none till 1892, when 4 per
cent was paid in March; in 1893, March, 4 p. c.; in 1894, May, 4 p. 0.
B onds.—Besides th e bonds given above as outstanding $2,237,000
of 6s and $533,000 of 4 ^ s are held in the sinking fund.
Six per cent bonds are secured by deposit of $4,000,000 of n tts burg F ort Wayne & Chicago special stock. If not offered under sinking
fund provisions a t 105 they are drawn a t 100. The gold bonds o f 1921
are secured by a deposit in tru st of th e leases of the Pittsb. F o rt Wayne
& Chic., the Cleve. & Pittsb. and Erie & P ittsb. railroads, and of bonds
and stocks having a p a r value April 1,1881, of $24,171,630, as wefl
as by lien on certain real estate. They are also guaranteed
as to principal and interest by the Pennsylvania Railroad Comnanv. and are so endorsed; the trustees of the mortgage are W. H,
Barnes, John P. Green and H enry D. Welsh. In 1892 and 1893 the com­
pany guaranteed certain P ittsburg Cincinnati Chicago & St.Louis bonds.
E arnings.—The to ta l mileage operated or controlled by this company
Dec. 31.1893, was 3,600—operated directly by Pennsylvania Co. 1,247
milfta. i n year 1893 gross, $21,681,237; net, $7,930,662; charges,
$6,880,185; balance, surplus, $1,050,476; dividends paid (4 per cent),
$840,000; in 1893 profit, $1,050,476. In 1892 gross, $22,506,656; net,
$8 052 353.
* Income account has shown after paym ent of all obligatory charges:
deficit in 1886 of $200,674; in 1887, net profit, $675,516; In 1888, loss,
$74,891; in 1889, net profit, $727,802; in 1890, net profit, $1,081,958;
in 1891 n et profit, $1,725,938; in 1892, profit, $1,229,974. In 1893
profit, $1,050,476. (V. 55, p. 5 7 ,1 6 1 , 973; Y. 57, p. 638; V. 58, p. 81.)

107
BORDS.
STOCKS A U D
RAILROAD
September1894.]
,




1 0 8

LNYESTORS’ SUPPLEMENT.

[V ol . L IX .

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
RAILROADS.
INTEREST OR DIVIDENDS.
Honas—Princi­
Miles D ate Size, or Amount
For explanation of column headings, &c., see notes of
of
Par
R ate per When Where Payable, and bv pal,When Due»
Stocks—Last
on first page of/tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Pennsylvania Poughkeepsie dt Bost.—1st M., gold.e*
73 1889 $ 1,000 $1,500,000
6 g. J. & J. July,’90, coup, last paid Jan. 1 , 1939
2d mortgage for $500,000, gold...........................
1,000
73 1890
465.000
J. & J.
do
do
Jan. 1 , l9 io
Slate Valley RR. 1st m ortgage................................
1886 500 &c.
61,500
I * ' J. & J.
Peoria < Bureau Val.—Stk., 8 p. o. rent’l C. R.I.&P.
6
100
47
1.500.000 8 per an. F. & A. N.Y. jCh.R.I. & Pac. RR. July 1, 1916
Aug., 1894
Peoria Decatur dt Evansville—Stock.......... .................
100
8.400.000
1st mort. (Peoria Div., Pekin to Mattoon) gold.e* 108 1880
1,000
1.287.000
T g- J. & J. Ja n ., ’94, coup, last pd. Jan. 1 , 1920
1st m. (Evansv.Div., M attoon to Evansville,) g.o* 128 1880
1,000
1.470.000
M. & S.
6 g- M. & N. Mar.,’94,pd.A ug.l 5 ,’94. Sept. 1 , 1920
Second mortgage, g o ld ......................................... c* 244 1886
2.088.000
Nov., ’93, coup, last pd. Nov. 1 , 192®
Chicago & Ohio River Div. 1st mort., $500,000...
77 1886
250.000
i g- M. & N. Nov., ’92, coup, last pd.
1916
Income mortgage, $750,000......................... .......
77 1886
618,300
6
1916
Peoria dt Eastern— tock.........................................
S
100 10 ,000,000
"f
ind. Bloom. & West. 1st M., pref., int. g u a r.. .c&r 2Ö2 1879 100 &e. 1 ,000,000
J. & J. N. Y., Drexel, M. & Co. Jan. 1, 1900
Ohio Indiana & West. 1st M., pref., gold, int. gu.o” 342 1888 500 &o.
500.000
do
do
Q .-J .
Apr. 1, 1938
P. & E. consol. M. $10,000,000, interest guar..c* 202 1890
1,000
8.103.000
î ë - A. & O.
do
do
Apr. 1, 1940
2 d consol, mortgage,income, non-cumulative. ..e 202 1890
1,000
4.000.
000 4
April 1 N. Y., when earned.
Apr. 1, 1990
Peoria dl Pekin Union—1st mortgage, gold............c
1,000
20 1881
1.495.000
6 g- Q.—F. N. Y., Central T rust Co. Feb. 1, 1921
2d mortgage, gold....................................................o
20 1881
1,000
1.499.000
do
do
4*2g. M, & N.
Feb. 1, 1921
Perkiomen—1 stM., ser. I (1st l’n) gold, gu. p. & i.c*
38 1887 100 &e.
799,600
Q .-J .
Jan.
1918
1 g- Q .-J . Phila., Pa. Co. Ins. on L. Jan. 1, 1918
1st M., ser. 2 (2dl’n) gold, guar. p. & l. (end.)..c*
1,000
38 1888
1.125.000
do
do
5 g>
1,
Petersburg—Stock.................... ........................... .........
100
59
960,800 See text. J. & J.
Richmond,
July 2, 1894
Guar. pref. stock, 3 per cent, lien prior to m ortg.
100
59
323,500 See text. J. & J.
do
July 2, 1894
1st mort. (payable $25,000, due yearly Jan. l)c«fcr
59 1869 500 &c.
100.000
J. & J. Richm’d and Petersb’g. Jan.,1895-’98
8
Mort. bonds, class A,$200,000 reserved for 1st M.
1,000
59 1881
693.000
5
J. & J.
do
do
July 1, 1926
Mortgage bonds, class B ...........................................
1,000
59 1881
800.000
A. & O.
6
do
do
Oct. 1, 1926
Phil.dtBalt.Cent.—lstM .$2,500,000,$1,200,0004*28
1,000
73 1881
2 .200.000 4*s & 5 M. & N. Phila., Penn. RR. Co. Nov. 1, 1911
P hila. < Chester Val.—1st M., pref. ($480,000) g.e*
ts
500
1888
280,510
5 g. A. & O.
Philadelphia,
April, 1938
1 st mortgage, not pref., $ 100,000, gold............. c*
500
1888
100,000
do
4 g. A. & O.
April, 1938
Phila. < Erie—Common stock ($10,000,000 author.) 287
&
50
7.985.000 See text.
Phila. Of., 233 S. 4th St. Mch. 1, 1894
Preferred stock, 7 p er cent, special....................... 287
50
2.400.000 7 per an. Yeariy.
do
do
Deo. 31,1893
Sun. & E. 1st M., (ext. in 1877).........................c&r
1,000
40 1857
976,000
A. & 0. Phila., Penn. RR. Co. Oct. 1, 1897
7
General m ort., gold, guar. p. & i. by Pa. R R .......c 287 1869
1,000
8.680.000
6 g- J. & J. Phil., Pa. RR. & London. July 1, 1920
Gen. m ort., gold, guar. p.&i. ($5,263,000 are 5s).r 287 1869
1,000 10,143,000 4g. &5g. A. & O. Phila., Penn. RR. Co. July 1, 1920
PMla. Germ. <•Chestnut Hill—1st M., gu. by Pa. RR.r
£
1,000
1 .000.
000 4*2 M. & N. Phila., Penn. RR. Office. May 1, 1913
7 1883
Pennsylvania Sc N o r t h w e s t e r n . —Owns Bellwood, Pa., to
H oratio, 62 miles ; total, including branches, 75 miles. A consolidation
Jaû. 1,1890, of the Bells Gap and Clearfield & Jefferson roads.
STOCK.— March, 1893, increase to $2,500,000 was authorized.
In
D ividends .—In 1890, 5 p. o.; in ’91, 5 ; in ’92, 5*2; in ’93, 6 p. c.; in
1894, Ja n ., 2 per cent ; in July none.
B onds.—Of the $2,500,000 general mortgage bonds authorized by the
m ortgage, sufficient are held to retire the prior issues, when due. Five
p.C. car trusts due 1895 to 1903, $584,000, due $86,000 yearly on Mar. 1.
E arnings,—In year 1893 gross $612,535 against $856,282 in 1892 ;
net, $171,380 against $250,196 ; interest, $115,880 ; dividends, $130,0 00; balance, deficit for year, $74,500. Total surplus Jan. 1, 1894,
$68,827. E. J. Berwind, Pres’t, Philadelphia.—(V. 56, p. 414.)
Pennsylvania Poughkeepsie Sc Boston.—
Operates from
Slatington, Pa., to Campbell Hall, N. Y., 96 miles, o f which three
sections, aggregating 44 miles, belong to other companies.
H istory , E tc .—In terest defaulted Jan . 1, 1891, and in February,
H. H. Kingston, of Philadelphia, was made receiver. In August the
Hew York Susquehanna & W estern began operating the New York &
New Jersey division, and the Lehigh Valley the Pennsylvania division
for a percentage of earnings. Receiver’s certificates in June, 1894,
$243,097 ; floating debt Ju ly 1,1893, $1,534,451. Stock, $2,000,000.
Foreclosure sale of road postponed till October 18,1894, but equip­
m en t covered by ear tru sts was sold Sept. 18. In April, 1894, bond­
holders’ committee consisted of William B. Scott, J. F. Sinnott, S. G.
DeCoursey, H. F. P ick ett^n d William McLaughlin. Depositary, Fidel­
ity Ins. Tr. & S. D. Co., of Philadelphia.
E arnings.—In year 1892-93, gross, $202,859; net, $24,488 ; charges,
$1$3,141; n e t loss, $158,653. In 1891-92 gross. $197,985; deficit from
operating, $23,378. Total def. to June 30,1893, $963,888. V. 57, p .8 5 2 ;
V. 58, p. 716, 816,1035,1110.
Peoria DecaturSc Evansville.—
Owns from Pekin to E vans­
ville, 227 miles; branch, 6 miles; Chicago & Ohio River Division, Sidell
to West Liberty, 78 miles; to tal owned, 311 miles; joint track to Hervey
<hty, 8 miles; Leases. Pekin, 111., to Peoria, HI., 10 miles; through De­
catur, 3 miles; total, 332 miles,
H istory .—Company owns $250,000 Peoria & Pekin Union stock.
Consolidation with Chic. & Ohio River was effected in August, 1893.
R eceiversh ip ,E tc .—Belonged to “ M ackey” System, and on Ja n .
10,1894, after the Evansville & Terre H aute had passed under differ­
e n t managem ent the P. D. & E. was placed in receivers’ hands. The
receivers are E. P. H uston and E. O. Hopkins.
C oupon P ayments.—See table for the date of last coupon paid.
B ondholders ’ Committees.—First and second mortgage bondholders
com m ittee is as follows: Charles S. Fairchild, Jam es Stillman, Edward
N. Gibbs, Jam es H. W ashburn and E. Randolph Robinson. Address,
N. Y. Sec. & Tr. Co., 46 Wall St., N. Y. V. 58, p. 223. See also V. 59, p. 423.
First mortgage bondholders’ committee (both divisions) consists of
W alston H. Brown, Chairman; 20 Nassau St.; Wm. A ugustus White,
130 W ater St.; E. H. Ladd, Jr., 31 Pine St.; Morton S. Paton, 1 Broad­
way; Charles A. Peabody, Jr., 2 Wall St. Depositary, A tlantic T rust
CO.» N. Y. V. 58, p.514.
Stockholders ’ Committee .—R. S. Anderson, F. M. Weeks, E. v.
Xioew, E. Chamberlain and W. F. Owens. V. 58, p. 774.
F loating D ebt .—On Jan. 13,1894, there was due the Evansville &
T erre H aute on loan account $150,000, and bills payable were $658,802. Excess of liabilities over assets in Ja n ., 1894, $218,682. In Sept.,
1893, outstanding notes for $475,000 endorsed by Evans. & T. H.
B onds.—A general m ortgage for $10,000,000 was executed in 1892,
h u t no bonds certified. Car tru sts in January, 1894, $53,252.
E arnings.—7 months, ) 1894, gross, $444,103; net, $109,525.
Jan u a ry 1 to Ju ly 31. ) 1893, gross, $509,040; net, $205,500.
R eceivers ’ R eport .—From Ju ly 1, 1893, to Jan. 13,1894 (about
months) and for full years 1892 and 1893» results were as follow s:
1894.
1893.
1892.
$850,800
$827,816
G ro ss............................................. $489,244
N e t ................ ................................ 229,908
377,054
367,278
Charges............................. ....... . . . 219,953
370,012
367,413
Surplus....................... ................. $9,955
$7,042
def. $135
—(V. 58, p. 82, 223, 514, 683, 774 ; V. 59, p. 153, 291, 372, 423.)
Peoria Sc Eastern.— Map Olev. Oin. Chic. < St. Louis.)—Owns
C
See
&
from Pekin, 111., to Indianapolis, Ind., 202 miles, and has a lien of $5,600,000 on Springfield Division, Indianapolis to Springfield, Ohio, 141
miles; trackage, Pekin to Peoria, 9; total operated, 352 miles.
L ease , E tc.—Form erly Ohio Indiana & Western, sold in foreclosure
In 1890, reorganized per V. 49, p. 616, and leased till Apr. 1,1940, to
Cleveland Cincinnati Ch. & St. L., which guarantees interest, but
not principal, of the first consols, and owns one-half the $10,000,000
Stock, p a r $100. See Supplement of Jan., 1894, as to provisions res­
pecting any surplus over charges.
B onds.—The consolidated mortgage of 1890 covers, besides th e road
owned, the $5,000,000 purchase money lien on the Springfield Division.
Bee abstracts of mortgages of 1890 in Y. 51, p. 246, and of O. Ind. &
Western mortgage, V. 47, p. 201. Due lessee Ju ly 1,1892, $199,062.




E arnings .—From Ju ly 1 to Ju ly 3 1 ,1 8 9 4 (1 month), gross, $127,453..
against $143,330 in 1 8 9 3 ; net. $29,836, against $ 2 0 ,3 2 6 ; deficit under
charges, $6,966, against deficit $16,476 In 1893.
Year.
Oross.
v Net.
Interest, etc.
Balance.
$1,609,806
1893-4.........
............
$177,190
1892-3..............
1,740,502
272,352
$441,620 def. $169,268
1891-2...................... 1,833,143
523,434
454,519 sur. 68.915
-(V . 55, p. 461.)
Peoria Sc Pekin Union.—
Owns from Pekin to Peoria, 10 miles
on each side of Illinois R iver; total operated 20 m ile s; also owns
about 50 miles of sidings. The road is a union road, and the stook of
$1,000,000 was taken by the different Peoria RR companies, and they
pay a rental and also term inal charges. See V. 36, p, 253. In year 1893
gross, $616,717; net, $227,128: paid interest, $157,155; rentals, etc.,
$9,318; balance, surplus, $60,655.
Perklomen.—
Owns from Perkiomen Junction, Pa., to Bmaus Juno
tion, Pa., 39 miles. Stock subscription, $38,040. Reorganized in 1887
There is due Phil. & Read. RR. on loan account upwards oi $900,000.
In year end. June 30,1893, gross earns, were $358,794; net, $109,217,
against $126,416 in 1892; interest, etc. (net), $107,071; surp , $2,146.
Petersburg.—
Owns Petersburg, Va., to Garysburg, N. C., 59 m iles;
rents Garysburg to Weldon (Seaboard & Roanoke), 2 m iles; total, 61
miles. Reorganized in 1877 without foreclosure. Preferred stock is
guaranteed 3 per cent yearly, then common receives 3 p e r cent, then
both stocks share pro rata. Dividend on each stock in 1892,6 per oent;
in 1893, 6 p. c.; in 1894, Jan., 3 p. c.; July, 2*2 p. c.
E arnings.—From Ju ly 1 to May 31,1894 (11 mos.), gross $459,997,
against $492,985 in 1893 ; net $152,205, against $196,935.
Annual R eport .—Report for year ending June 30,1893, in V. 58, p.
177, showed gross earnings, $548,030; net, $214,006. In 1891-92,
gross, $526,460; net, $229,853. (V. 53, p. 8 7 9 ; V. 58, p. 177.)
Philadelphia Sc Baltimore Central.—
West Philadelphia to
Octoraro Jc., Md., 63 miles; Wawa to West Chester, Md., 9 m. (double
track, 12 m.); branch, 1 m.; leased, Chester Creek RR., 7 m. Phila. Wil­
m ington & Baltimore Railroad holds practically all the $2,495,650
stook, and road is a p a rt of Pennsylvania system. In 1892-93 gross
earnings, $958,622 ; net, $166,128, against $211,442 in 1891-92; sur­
plus above charges, $20,466, incl. interest on deposits, etc., of $24,983.
Philadelphia Sc Erie.—
(See Map Pennsylvania RR.)— oad—
R
Owns Sunbury to Erie, Penn., 287 miles—double track, 78 miles.
Organization , L ease , &c.—Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual n et receipts paid as
rental. Pennsylvania RR. owned Deo. 31, 1893, $3,501,800 common
and $2,400,000 special stock and $4,069,000 general mortgage bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
D ividends .—On common in 1892, Mar., 2 p. c.; 1894, March, 2 p. c.
B onds .—The general m ortgage is guaranteed by Pennsylvania RR.
In January, 1894, $125,000 general mortgage 4s w ere sold.
E arnings.—7 mos., ) 1894, gross, $2,072,456; net, $495,255
Jan . 1 to Ju ly 31. $ 1893, gross, $3,004,232; net, $948,479
Annual R eport .—Report for 1893 w as in Chronicle , Y. 58, p. 343.
Year end. Dee. 31—
1890.
1891.
1892.
1893.
Gross e a rn in g s...,.......... $5,113,787 $5,201,361 $5,256,551 $5,104,879
E xpenses.......................... 3,389,920 3,347,859 3,740,942 3,549,883
Taxes.............. ...................
25,675 1(168,532
18,991
27,567

Net e a rn in g s.............$1,698,192 $1,684,970 $1,496,618 $1,527,429
Total n et income...........$1,716,440 $1,702,985 $1,516,571 $1,546,783
In terest on debt................$1,034,470 $1,042,470 $1,042,470 $1,042,470
Interest on special stock. 168,000
168,000
168,000
168,000
In tere st on equipm’t, &c. 191,614
164,003
132,307
128,827
Surplus (see divs. above). $322,356 $328,512 $173,794 $207,486
If Includes exceptional taxes.
-(V . 54, p. 3 6 5 , 406; V. 56, p. 2 8 7 ,3 3 2 ; V. 58, p. 343.)
Philadelphia Germantown & Chestnut Hill.—
In Philadel­
phia from Germantown Junction, on Connecting Railway, to Chestnut
Hill, 7 miles. From May 1,1883, leased for 30 years to the Pennsyl­
vania Railroad Co., which guarantees principal and interest on the
bonds, and owns $999,750 oi the $1,000,000 stock (par, $50). Gross
earnings in 1893, $259,038, against $264,728 in 1892; net, $99,800,
against $89,443; interest, $63,630; rentals, etc., $10,636.
Philadelphia Germantown & Norristown.—
P hiladelphia,
Pa., to Norristown and Germantown, Pa., 20 miles; Plym outh RR., 9
m iles; Chestnut Hill RR., 4 m iles; total, 34 miles. Leased November
10,1870, to Philadelphia & Reading Railroad for 999 years a t a rental
of $269,623 and $8,000 yearly for organization expenses. Dividends
are 3 per cent quarterly (12 per annum), b u t in March and September,
1893, only 2*2 p. c. each w as paid on account of certain losses.
Philadelphia HarrisburgSc Pittsburg.—
Owns from H arris­
burg, Pa,, to Shippensburg, on the Western M aryland Railroad, 41 miles,
sidings and laterals 14 miles. Opened in April, 1891, and leased for 999
years to the Philadelphia & Reading, which by endorsement on each,
guarantees the bonds, principal and interest. The rental oovers in­
terest on bonds, taxes and expenses. Stock, $2,000,000; par, $50.
Mortgage is for $2,000,000. (V. 51, p. 383,459; V. 52, p. 124) 643.)

September
,

RAILROAD

STOCKS A ND

109

BONDS.

—
rs will ----------- -------------------------------Subscribers win cc

—■■
...■■■
............. ■ ■
—
— ==;
/ R O A D S * * a great iavor toy giving immediate notice of any error discovered in these Tables.
Bonds—Princi­
INTEREST OR DIVIDENDS.
For explanation of column headings, &c.,
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due.
*“
v
on first page of tables.
rtes of
of
P ar
Stocks—L ast
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
phi la derm.&Norrist’n—Stock re n ta l.,P . & R. R R
PKUa Harrisburg &P ittsb u rg - 1st m o r t . , gold.o*&r
$50 $2,246,900
12
Q.-M . PhUa., 132 So. 3d St. Sept. 4, 1894
lb .
iPhil. Newtown <& Y.—IstM ., gold, gu. p.&i.(end.)o
N.
1,000
500.000
A & 015 Phila., Comp’y’s office. Oct. 15,1925
Philadelphia < Beading—Stock.................................
&
£ g0.00
1,600,000
1893
5 g. A. & O Phil., Phil. & Read. RR. Oct. 1, 1942
AU
94 1843 $ <S\ 40,141,361
l^ ^ Ie x tC
tol86o!pii'iia! to Pottsvm e, $& *--<
6
J. & J. Philadelphia, Office.
94 1844-9 1,000 3,640,000
Mortgage loans of 1844,1848 and 1849.............. c
J. & J. Philadelphia & London, Ju ly 1, 1910
6
1857 500 &C. ^ 2,700
M ortgage loan of 1857 convertible. . . . . . . . . . . . . - -c
2,70000
1,000
6
J. & J. Phila., Read. Ter. Bldg, July 1, 1910
Mortgage loan of 1868, gold, extended m 1893. .c Ï48 1868 200 &c. 18,811,001
do
do
4ka J. & J.
July, 1910
254 1871
Consol, mortgage <$8.1®jOOO.aregold6 s)--. - - •-c
9.364.000
A. & O.
do
do
Oct. 1, 1933
rnior’t M., gold, s. f., drawn a t 100, V. 48, p.^bO.c 325 1873 $ or £
J. & D.
do
do
June 1, 1911
325 1874
General m ortgage of 1874 (see t e x t ) ...... . . . — 51
do
do
Oct. 1, 1897
327 1882 500&C. 5,767,042
Consol. M.of 1882, gold, stamped, pay. atnotice.c
4 g. ^ ° *
44,663,000
General m ortgage ($100 ,000,000), gold... ...o*&r 327 1888 1,000&C 23,949,951 1 Up to
1,000
tPhila., Read. Ter. Blde . May 1, 1922
327 1888
1st nref. Inc. M., not cum. ($24,400,000) gold...o
’93, coup, last pa. Jan. 1, 1958
1,000 16,176,589 I 5 p ct. pen. l
2d nref. inc. M., not cum. ($22,500,000) gold.. .0 327 1888
[ when Feb. 1
See text.
1,000
327 1888
chjCouP* last pd. Jan. 1, 1958
3 d pref. inc. M., not cum., gold............ ------- -• •0
4.709.000 J earned Feb. 1
1,000
Jan. 1, 1958
327 1888
3d nref. inc. M., gold, non-cum., eeavertib le .....
Q .-F . Phila., pW ^ 4®
8.139.000
1,000
Jan. 1, 1958
1891
k g- F. & A.
do
<0.
Term inal M., gold, gu. by P. & R- Term. R,R..c &r
1.938.000
1,000
■ ___ 1, 1958
1892
I s> M. & N. Phila., Guar. T ru^ Jan. 1, 1941
Ten-year sinking fund gold loan, red. a t 100. ..c
700.000
1,000
May
1892
Philadelphia.
l g- J. & J.
Delaware River Terminal Pur. Money M., gold.c
1.222.000
1,000
>*b. 1, 1902
1892
k g- J. & J.
Delaware River Term. Ext. Pur. Mon. M., gold.c
1,000 As collateral
Irr8& 1942
1892
Collateral tru st bonds ($10,000,0W) gold .. c &r
I 8'
1882 50 &c. 25,568,090
Phila., Fidelity Tr. Co. 120,0^94=2
Deferred incomes (after stock) .See V. 54, p. 239.
5
450.000
1,000
1887
Phila., Prov’t Life & Tr. 3 1 0 ,0 0 U ^ .
Car tru st, Series C, $30,000 due Q.—
-M....... - - - -°
1,860,000
5 g.
1,000
1890
1 8 9 4 -% sy
Car tru st’ Series D, $310,000 due Nov 1., gold, .c*
5,223,000
Equipm ent notes.........-................................... .........
1,593,397
TÓ'Ì9<A
Phila., Read. Ter. Bldg,
Mortgages on real estate............... -— v ■' i" Y’W
’72-’84 500 &c. 112484,606 15, 6& 7 Various
1897 to 18o
do
do
P & R, Coal & I. purchase money & real estate M.
i 6 g. Semi-an
500 &c.
Apr. 1, 19«
Philadelphia.
Do
do
guar, ext’d-in 1892-94, gold..
6 g. Q .-J .
1,000 ’ 5 ,000,000
Î894
Coal tru st, 5-10 year certifies, gold. See tex t.
r

a t t

The aeneral mortgage 7s and 6s of 1874 for $24,686.000 andV
v i i i l a d e l v h i a & R e a d in g .-L iN E of R oad- O wus m ain line, other prior bonds are held alive as coUateral security for tne general \
PhH adeU ^a to M ount Carbon, Pa., 98 m iles; branches owned, m ort of 1888. The consol. 5s of 1882 are payable a t par a t any time. \
229 m iles; (second track, 168 m iles; to ta l tracks owned, including
sililigs, etc., 926 nules); leased lines, 554 miles; roads controUed, 289
miles; total operated November, 1893,1,170 miles.
tttstouy L eases , &c.—The PhUadelphia & Reading Company was
«bartered In rU 4, 1833. Itleases anum ber of roads in Pennsylvania; i °in > > t e u ^ ^ C 8 9 ^ the^flrrtXint^secoiffipr^efence bonds received fu ll
^
^
also th e North Pennsylvania Railroad and Delaware & Bound Brook, in te re s t S h e t h i d 2 ^ per cent. In 1§90
w
ffirm the Une from Philadelphia to New York.
ing
„ . paid on the first incomes; in Feb., 1891, n U ,m Feb., 1 8 9 ^ 5 per cent
T o w e r s were in possession from May, 1880, to February, 1883, and on firsts and 4 ^ per cent on seconds; in February, 1893, fuU m te re st
from ™ , T ? 8 4 ,te January, 1888. In February, 1886, reorganized
without, foreclosure. Voting tru st expired Aug. 1,1892.
The X
S
f b ^ A r the construction
^ e Central of New Jersey and the Lehigh VaUey systems were ° > > are i n a l m o r m g bonds, and ar© secured by aof the Term inal
tt
Reading’s own
mortgage upon
leased early in 1892, b u t in August, 1892, the lease of the Central, and all the property of fh e Term inal Co. and by a traffic contract
in August, 1893, th a t of the -Lehigh Valley, w as term inated,
R e a d U ^ ^ n tth e Term inal Co. The ^ a s te e ^ tbe P r e s e n t Life &
The^Xarket street station in PhUadelphia was opened m March, 1893. T rust Co. of PhUa. Amount authorized, $8,500,000. see V. Dd, V.
.
T h l tm year sinking fu n d loan due 1902 is secured by g , l § 6^00
r e c e iv e r s h ip .—On Feb. 20, 1893, receivers were again appointed,
t h e f l o a t i n g debt having become unm anageable. The receivers are J. nnai lnorl mortgage bonds deposited w ith the Penn. oo. to r insuranoe,
L ^ ^ e r Welsh, Judge E. M. Paxson and Joseph S. H a m s President Am the trustee The bonds are subject to call a t par and m terest.
&Th a c S i l a l trust bands o f iS<?2( trustee, Penn. Co. for Insurance
of the Reading. Mr. McLeod resigned the presidency on May 1,1893.
on I ives e tc ) are secured by deposit of stocks and bonds, having a
r eo r g a n iza tio n Committee composed of F. P. Olcott, Chairman; uar value of $15?58L500Tand which earned i t.i s said, m the year
.a
TaAiin Tt j Kennedy Tod, Henry Budge Rud ThomRS D enny>
^ i o ^ N e w ^ r k f G e o ^ ^ H f ^ r i e j J r . , and S. F. Tyler, of PMladelphia, 1892-93 $550)000, or $50,000 in excess of the m terest on the tru st
had in September, 1894, form ulated a plan (see V. 59, p. 515) which l0CbattelinortEiwes*ot*403,'oo<> o i ^iiuipm eut w ere reported filed in
which was then merely waiting the sanction of the court before being
aiihrnittftd to aeeuritv holders. It; provides as follow s.
..
'.truncates were authorized Maroh 0.1891. for W,<W0c
1 Purchase of general mortgage coupons.—Holders to consent to sell
a t n a r th e three overdue coupons and the seven m aturing to and in­
cluding Ja n 1898. I t is expected, however, th a t cash interest paymente w illb e resum ed after Ja n ., 1896. A syndicate has agreed to
advance $9 000 000 to buy such coupons as may be necessary as they by a syndicate for money advanced to pay the Speyer loan.
m ature Cou7ons so purchased will be deposited as security for
H ty e a r c o u p ^ s c r ip to be retired a t 105 and interest out of surplus
F loating DEBT.-The annual report for l893 states R e gress cash
liabilities o fth e Railroad Company on Nov. 30, l»y3, as $iu,»o / ,4 4 ,
er ^ o f coUateral tru st bonds of 1892 .—A ssessm ent—To pay the S o S a *1182 117 Coal & Iron Co. gross cash liabilities, $7,receivers’ certificates, $2,000,000, equipm ent notes and the secured
642®^iSsh^^Isets ^
^$5,797^741. Excess cash liabilities both comflo°atffig debfi the $10,000,000 coUateral tru st bonds of 1892 o an tes Nov. 30aS1893, $8,220,231; decrease in excess since Ju ly 31,
are to be sold.
The holders of stock and preference m- «4 41 4 563' The Speyer loan was paid March 5,1894, thereby.releasing
«omes wBl be allowed to choose between subscribing a t par I f ooo' 000 ^third^preFincomes and $5,790,000 collateral tru st b o n d s .to these bonds to the am ount of 10 per cent of their holdings and pay- l e f V . 59 ) p 372. Hi Sept., 1894, the “ general indebtedness” was
teg aTuOT cent cash assessment, for which latter option they will given as $3,843,000.
receive nothing? A syndicate has agreed to buy a t 70, less 2% P .c.
g f n f r a l F inances .—The Speyer loan was paid m March, 1894. In
iominfsrton such of the coUat. tru st bonds as are not thus subscribed for.
3 V oting’ ru st.—The income bonds and stock are to be transferred Ju n e ? 1894, the courts a u th o m e d th s P ^ ^ ^ ^ ^ ^ ^ h o w e v e r 1
t
in+ATAat as same shaU become due, on one-half (said hail. However,
to the Central T rust Company as trustee, in order to secure to th e geueral m ortgage bondholders the right, until the purchased coupons are not to exceed $3,000,000) of the sub-way bonds to be issued by the city
redeemed to appoint the president and one-half the directors. There­ of*PMlaXelphia for the purpose of abolishing grade crossings, and the
after the ’general mortgage bondholders wUl appoint one-third the niivment of the urincipal of one-half of said bonds a t m aturity.
directors S
tTe tacome mortgages one-third and the stock one-third, P^ e c eiv ers’ certificates for $3,640,000 for the Railroad Cmnpany and
the stock’ also electing the President. The income bondholders also $197 526 for 'the^^Coal^^ & Iron ’Co. have been authorizea to proa ^ e e to fo re g o a n y claims for interest until the general mortgage vide for pare of tbe floating debt.
T . test E
ending Ju ly
results were as
T e P r T r u ! t VComTaXy irdepX L X Iry for assenting securities follows the arnings .—For 8 m onths including the Lehigh Valley coal
X
Coal Company report not
as to ^ l a t e r a l tra s t bonds see below.. If the plan is n o t accepted
w ithin 60 days it is proposed to foreclose immediately under the. .gen«ral mortgage The committee claims th a t the c harter of the National $2,040,908 against a deficit of $1,806,130 in 1892 93. (V. 09, p.
RR Co 1872 which they hold, would enable the reorganized comRAILROAD COMPANY.
p ^ y to ’e x e rc is ^ a llth e rilh ts aAdprivUeges of the present company.
~C om m itted consisting of Gen. Louis Fitzgerald, C hairm an; J . Ed­
ward*Sm m ons H enry W. Whitney, J. G. K. Duer and H enry Dechert
ta S e ro jn U te x fe s t Oo N. Y „ or Com m onw eal»
Title I. & T. Co., PhUa, (See V. 58, p. 816.)
Co u po n P a ym ents .—The July, 1893, interest on the general mortnaai w as stiU unpaid in Sept., 1894. Coupons of the improvement
mortaaae due April 1,1893, and of the consol. 6s and 7s due J m e 1, 93
w h i ^ w ire nurchased have been redeemed and canceled and subsea^Bnt S t e r ^ t o n these loans and aU other interest due by the Co. on
its direct obligations except the generalm ortgage coupons, hud.to Sept.,
i Qoi ubati paid at, m aturity. Of the guaranteed interest, th a t due
A u g ’l 1893, ¿n P h U ^ Reach & N E. and PhUa. & Frankford bonus
w as no’ paid. See V. 57, p. 60; V. 58, p. 43.
t
coat p r o p e r t ie s .—The Company owns aU the stock ($8,000^000) or
theL U m adX lS a& R eadingC oal & Iron Co. The estates of the coal
■company aggregate upw ards of 194,000 acres, classified as follow s.
Cnal lands owned (acres)....95,144 I Timber lands owned (acres) 70,489
Coal lands leased (acres).. - - 7)429 | Iron ore lands (a cre s)-. . . 21 000
Capital Stock.—The dividends paid on PhUadeiphia & Reamng
«took from 1870 to 1875, inclusive, were 10 per cent each year; in 1876
2k>ner cent was paid and nothing since. In Nov., 1893, there were
«4 739,000 th ird preference bonds, convertible into common stock.
Guaranties .—See Supplement of January, l g 93. The term s o fth e
income m ortgages of 1888 are understood to forbid the paym ent of
in te rest on any bonds since guaranteed unless such interest is earned
by the property covered by the guaranteed loan. See page VII. of advertisem ents in Chronicle of Juno 10,
B onds.—The mortgage loan 7s o f 1868 due Oct. 1,1893, were pur
•eftasetfand extended as gold bonds for 40 years a t 5 per cent




sbs

S

« : s

COAL COMPANY.

Balance.
Net. Improv'ts. Charges,<&c.
8 mos. dross earns.
$936,008 def.$824,257
1893-4 $14,145,023 $486,477 $374,726
866,564 def. 722,486
647,914 503,836
1892-3.. 14,708,753
I t R e p o r t —Fiscal year ends Nov. 30. Annual m eeting is
pbar-ved to onerating expenses (as has been done w ith the $1,694,286
aim il^rtvlnent in 1892-93) th e surplus of th e raUroad company for
1891-92^VoiUd^bA$990,786, as against $3,157,147 previously reported.
The full^Report^of 'th¿ receivers,together w ith Mr. Stephen L ittle s
report was in V. 58, p. 698,726.
1893.
1892.
Year8 ending Nov. 30—
1891.
$4,267,021 '
Passenger traffic. $4,045,862
18,272,167
Coal traffic. -------.s 17,250,083
$22,828,846
Merchandise traffic...... - - 1
...
370,809
Miscellaneous.......
482,694
76,250.
United States m ail..........
75,162
Income from stks. & bds.,
1,327,049
1,337,817
from steam colliers, &c. 1,257,307
Total earnings RR. Co.. $23,111,109
Operating expenses......... 13,176,ojx
Net earnings RR. Co. $9,934,478

$24,324,065
13,656,828

$24,155,895
*16,582,195

$10,667,237

*$7,573,700

\

lio

INVESTORS’ SUPPLEMENT.

^d in these Tables.
«U^jyiD N h
E T
)
Subscribers will confer a great favor byIvlng immediate notice of any error
jsotMs—
PrineT
pal,When Due.
INTERET
RAILROADS.
Stocks—Last
Miles Date Size, or
Taxable
Amount
Par
of
Dividend.
For explanation of column headings, &c., see notes of
Outstandin
Road. Bonds Value.
on first page of tables.
£ &
£eb., ’93, coup, lastpd, Nov. 1 , 1942
$2,000,$)
Phila. Bead. t£ New E n g —Bret, stock, 5 per cent
™ $ S ’ S 0Y” 92>C0UP*last Pd Nov. 1 , 1942
58 1892 $ 1,000
3,Tiferai
1st M., gold (See text.) guar. p. &i. (end).......; .c*
M. & N. Nov., ’92, coup, lastpd. Nov. 1 , 1942
1,000 .*$50,000
58 1892
Do (4 p.c. till Sept.’95; then 5 p.c.) guar.p. & l.c*
Oct. 1
None paid.
9 ct- 1, 1952
58 1892
350.000
...............
J. & D.
Do 5 p er cents (See text) gold, guar. p. & i .......
June 1 , 1940
ÏJO
58 1892
See text.
Inc. M, non-cu., Ser.A,$1750,000; B,$2100,000.c '
TQ-—Jv Company’s
Office J 'd y
50 11,819,350
12 1890
Dutchess Co. RR. 1st M., gold, guar. P. R. & N. E.c*
J. & J. Phila., 233 S. Fourth St. July 10,1894
2, 1894
1,000
27
800.000
Phila. & Trenton—Stock 10 p. c. rental, Penn R R ..
Phil. Of.; Bost. ,Kid.Peab f p r . 1, 1900
d80
1,000
1 , 000,000
Philadelphia Wilmington & Baltimore—Stock.........
do
do
June 1 , 1910
1887
1,000
1 , 000,000
Plain bonds, s. fund $16,000 yearly, not draw n, .r
do
do
Apr. 1 , 1917
1887
1,000
1 , 000,000
Plain bonds, s. fund $20,000 yearly, not draw n. |
Phila., 233 S. Fourth St Nov. 1, 1922
1891
1,000
930.000
Plain bonds...................................-................ ■•
do
do
Jan. 1 , 1926
1892
1,000
1,000,000
P lain bonds....................................-.........>> .......
do
do
Oct. 1 , 1932
50
650.000
P lain bonds, gold............................... ............. £i
March, 1894
29 1886
1,000
650.000
Plain bonds, gold.....................
New York & Baltimore Aug. 1 , 1911
75 1885
1,000
3.500.000
Pied mont & Cumberland—
(eud.)r
N. Y. Gd. Cent. Station I>eo. 1 , 1932
75 1887
1,000
25,000
do
do
1st mortgage, gold.... Receiver’s certificates.
Dec. 1 , 1932
241.000
Pine Greek—1st M., jr))00, gold.................. .
c
Í65 1890
1,000
3.630.000
Apr. 1 , 1940
' m&Youghiogtieny—1st mortgage
<
16 1882 500 &c
320.000
Pittsburg Office,
Pittsburg Akrjooo, gold, gu. p.&i. (end.) S e e te lt.
Feb. 1 , 1902
16 1892
1,000
380.000
do
do
Apr. 1 , 1932
^ -^ jn s y iic in n a ti Chicago dk St. Louis—Prat, st’k 1,083
100
N.Y.,Farmers’ L’n & Tr. Apr. 25,1894
I * m r & Gt. East. 1 s tM. (Chic, to Logansport)..c* 117 1863-5 1,000 22,591,257
I 16,000
N. Y., Union Trust Co. April, 1895
Cbl,&Ind. Cent. IstM . (Colum. to ln d . & br.).c* 187 1864
1,000
2.631.000
do
do
Nov., 1904
•Tool & Indianapolis Central 2d m ortgage.......c* 208 1864
1,000
780.000
do
do
Nov., 1904
l Diion & Logansp’t 1st M. (U’n City to Logans. )c*
93 1865
1,000
715.000
do
do
Ajjj: St. L. & P itts, cons. M. ($22,000,000) gold c* 580 1883
Dec., 1905
1,000
1.506.000
do
do
Oct. 1, 1932
nnati Richmond & Chicago 1st mortgage
36 1866
1.000
552.000
do
do
July 1, 1895
jS/nville, Mad. & In. 1st M. (s. f. drawn a tllO ).c 222 1866
1,000
2.392.000
N. Y., Farm . L. & Tr. Co. Oct. 1, 1906
*2d m ort., Jeffersonv., Ky., to Indianap. & b r’h.c 222 1870
1,000
1.995.000
do
do
Ju ly 1, 1910
j Steub. & Ind., 1st mortgage, extended in 1884.r 116 1864
1,000
3,000,000
N. Y., N at’l City Bank. Jan. 1, 1914
\ Pitts. C. & St. L., 1st consol, m ortgage..........c*r 216 1868
1,000
6.863.000
Phila., Penn. RR. Office. Aug. 1, 190®
1891.
1892.
1893.
Pittsburg Akron & Western.— Akron. O.. to D e ln h o s 1a*.
O wns
N et earnings RR. Co....... 59,934,478
$10,«67,237
*$7,573,700 miles compTeted in 1892. Stock authorized, $4,230,000; par, $100
N et earnings C. & I. Co...
482,665
1,273,148
1,104,195
A- Lynch was appointed receiver July 3 0 ,1 8 9 3 . Foreclosure sale
ordered for about October 1 ,1 8 9 4 . Central T ru s t Co. of New York is
Total n et both Co’s ... $10,417,143
$11,940,385
$8,677,895 hi rtgage trustee. (V. 57, p. 218, 939; V. 58, p. 476, 904; V. 59, p. 192.V
R entals RR. Co.......... .
2,838,351
2,840,098
2,907,028
In tere st RR. Co................. 4,502,882
Pittsburg Chartiers Youghiogeny.—wns from Chartiers
&
O
4,669,992
5,273,364
Stock anthnriVaa8
In terest Coal & Iron Co..
815,526
1,060,828
1,299,845 to Beechmont and branches, 17 miles in all
Sinking fund Coal & I. Co.
395,423
$1,000,000; par, $ 50; outstanding, $700,000, owned jointly by gramm­
187,980
a rs
below. Trustee of general mortgage** for $1,000 000 is
Total deductions......... $8,552,182
$8,758,898
$9,480,237 Fidelity Title & T rust Co. of Pittsburg. Of the 4 per cents issued or to
Balance,both companies.sr.$1.864.961 sur.$3,181,487 def.$302,342 be issued, one-half are to be endorsed w ith the guaranty of the 'pittsI
]JF13L
atl Chicago * jN* Louis, the other half w ith the guaranty
* Includes $1,694,286 spent for im provem ents and equipment.
of the Pittsburg & Lake Erie. See guaranty, V. 56, d. 650. Thev are
~(V. 56, p. 42, 59, .80,82, 85,165, 311, 332, 373, 374, 414, 437, 464.
subject to call. E arnings in year 1893 were gross. $174,327 agst
502,539, 665, 669, 711, 754, 793, 887, 931, 973, 1015,1057; V. 57, p $159,191 m 1892; net, $43,722, against $58,494. (V. 56, p. 127.) ® *
22, 61,105. 218, 255, 341, 376, 4 23,469,511,557, 639,684,723.765.
_ (Bee Man 1—
Pittsburg Cincinnati Chicago& St. Louis _
809,854, 894, 936, 980, 1040, 1084; V. 5H, p. 43, 58, 69, 79.127. 179
228,306, 345, 384, 431, 513, 550, 683, 698, 714, 716, 7*6, 733. 774* The system, clearly seen on adjoining m ap, includes:
816,942,1035,1110; V. 59, p. 153, 234, 372, 423, 476, 515.)
’
Lines owned.
Miles. Lines leas’d( IfSee these co’s.) Miles.
Philadelphia Reading & New England.—oad —
R
This Pittsburg,Pa., to Chicago,111. 504 IfC h a rtie rs........ ....................... 23
_ 166 if Little Miami and depend’s " 192
Company owns from Campbell Hall, crossing the Hudson River Rencomb Jc. to Anoka J c _
3
St Poughkeepsie by its own bridge, to Silvemails, 58 m iles; and leases Bradford Jc. to Indianapolis. 104 Cincinnati S treet Con. Ry
and controls H artford & Conn. Western, H artford to Rhinecliff, 109 Indianapolis to Jeffersonville 108 Pitts. Wheeling & K y..........
28
m iles; total, 167 miles; also,assumed lease of Dutchess Co. RR., from B ra n ch e s................................. 208 Eng. Connecting Ry. in Chic.
2
Other lines................................
5
Poughkeepsie to Hopewell June., 12 m iles; trackage, 1 mile.
Total ow ned..........................1,090
R eceivership , &c.— consolidation in July,’92, [by plan in V. 54 p
A
Leased jointly with T. H. <61.
Trackage—
597] of Central New England & Western and Poughkeepsie Bridge
ITSt. Louis Vandalia & T. H ... 158
5
companies. Road was controlled and operated by Phila. & Reading Indianapolis to Kokomo.................. 5
Louisville Bridge, etc.............
5
h u t the guaranteed interest due May 1 and August 1, 1893, was not
Total of all Jan . 1 ,1 8 9 3 .. .1,561
paid, and on August 22 J. K. O. Sherwood was appointed receiver
&c- 1890 by consolidation (per
Bondholders’ committee consists oí G. A. Fletcher, H. L. Davis C 50, p. 875) of Chicago |'o r m ed in& Pittsburg, Jeffersonville term s in V.
St.
Madison &
Tower, J r., J. M. Shoemaker, J. W. H am er, Alfred N. Chandler, Phila­ Indianapohs, Cincinnati &Louis
Richmond and P ittsburg Cin. & St. L Con­
delphia ; A rthur Brock, L ebanon; H. O. Seixas, New York.
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock.
STOCK—Common is $4,600,000, all owned by Phila. & Reading.
Capital Stock .—The
authorized i s : Common,
000
B onds .—Both the m ortgages (Guaranty Trust & Safe Deposit Co preferred, $30,000,000; stock $100. Outstanding May 3 1$45,000 com-•
par,
,1894,
trustee) cover $1,390,000 H artford & Conn. Western stock, etc.
mon, $24.292,i s o ; preferred, $22,591,257; also held in reserVe t o
In January, 1894, there were said to be outstanding $235,000 of
A
unexchanged, common, $583,485; preferred,
notes pledged for interest paym ents, and secured by $407,000 first |qaC
^ r i ? ’^ 9' .
Lsted, common, $25,539,300, preferred, $24,000,000.
m ortgage bonds as collateral.
The preferred stock is “ non-cumulative and entitled to a dividend
E arnings .—For year ending Ju n e 30, 1893, gross, $1,023,218; net Rnpf,J>eLi+Knt+i?er annum out
the
declared by the
$34,356; fixed charges, $365,735; loss, $331,380. In 1891-92 gross Board, with the right after €3 per net eam ings as declared on the
cent has been
*666,358; net, $66,675. (V. 56, p. 207, 375, 754, 932 ; V. 57, p f 218
0t0 a + “
0Iial 1 Per ceQt, making 5 per cent in all."
842,684,765, 852; V. 58, p. 128,179, 345; V. 59, p. 192.)
After 5 per cent on both common and preferred, the two share pro ra ta
Philadelphia & Trenton.—
Philadelphia (Kensington), Pa., to
D ividends on preferred: In 1891, 3 per cent; in 1892,4 p e rc e n t’;
Morrisville, Pa., 23 miles, double tracked, and branch 3 miles. On Deo m 1893, April, 2 per c e n t; Nov., 2 per cent; in 1894, April, 2 per cent.
1,1871, leased with the United Cos. of N. J. for 999 years to the Penn*
E xchange of Stock .—In the consolidation Pittsburg Cin.& St. L. first
RR, a t 10 p. c. on $494,100 stock, the to ta l issue being $1,259,100.
and second pref and common received $100 of new preferred for two
Philadelphia Wilmington& Baltimore.—
(See dap Penn shares ($50 each) of old stock; Chicago St. Louis & Pittsburg Railroad
JtB.)—Operates from Philadelphia to W ashington, D. C., and from Wil­
r®
ceived $66 66 new preferred and $33 34 new common t o
auigieii, u ei..
m ington, Del.; to Delmar, Del., with branches as follows;
each $100 share of old stock; Chicago St. Louis & P ittsburg old com­
Lines owned —
’ Miles. Delaware RR.If__ f....................157 mon, exchanged for new common, share for share.
jfjjH
8
. Philadelphia to Baltim ore....... 94 Delaware Md. & Va.1T............"! 98
: Pittsb. Cin. &St. L. common, $255,000,
(all double track.)
Baltimore & Potom acH .........I 97
,£ ° ^ 18 < 1t'' 8b., common, $564,667, and preferred, $48.353:
Tk.P
Branches to Delaware City, etc. 23 o th e r lin es.................................. 155 SteubenvUle & Indiana, common, $87,764, and preferred, $2,950; Jeff.
IAnes controlled, leased, etc.—
J L & A. »pD,4:UU*
M
'
Philadelphia & Balt. Central If. 80
Total (If see this com pany)...664
$75,000,000 (Farm ers’ Loan
Organization .—Penn. RR. owns $10,890,950 stock (mostly pur­ (STrust Co. of N. Y. and W. N. Jackson trustees) covers the entire nronchased in 1881), and controls the opera don. Ten miles, Fernwood to erty. Consols for $ 2 0^ 13,000 are reserved for the purpose of retiring
N ew ton Square, Pa., completed in August, 1894.
all sectional bonds. The Railway Company has agreed th a t it will,
D ividends .—From 1868 to 1887, inclusive, 8 per cent v e a rlv : in a t the time of the m aturity of the latter, pay them off, to the end thad
1888and 1889, 7 ; in 1890, 6; in 1891, 6; in ’92, 7; in ’93, Jan . 4 p c • the consolidated mortgage may become the first lien ou the whole pronrem ainder of the consolidated m ortgage bonds are to be hiJuly 3 ^ p. c.; in 1894, Jan., 4 p. c.; July, 3 p. c.
*
’
sued from tim e to time for improvement of the compauy's property,
B onds.—All to be secured by any future mortgage.
the purchase and constructiou of additional railway and for other law­
A nnual R eport .—Y ear ends Oct. 31. Report for 1892-93 showed ful furposes. All of series A and B, and series C Nos. 20 0 0 1 to 23 000'
gross earnings $ 9 ,8 6 8 ,0 0 0 ; net, $2 ,6 5 3 ,4 0 9 ; other income, $405,994 • inclusive, equaling $23,000,000 in all, are guaranteed unoonditioially
Surplus over charges, $1,330,640; dividends, $886,451. In 1891-92 as to principal and interest by the Pennsylvania Company, in accord­
gross $9,437,802; net, $2 ,1 6 2 ,6 2 7 ; surplus over charges, $1,033,183 ance with the vote of its Board of Directors, and are & endorsed.
—(V. 56, p. 1 2 6 ; V. 58, p. 177.)
In Sept., 1894, only $1,508,000 series C bonds had been listed on New
P i e d m o n t & C u m b e r l a n d .—Road extends from Piedmont, West YorJi 8tock Exchange The three series are all equally secured. There
Va., to Cumberland, Md., 29 miles. In February, 1894, the road was are 4 per cent car oriists for $262,590 due a t various dates. See adv.
leased to the West Virginia Cent. & Pittsb. RR. till Aug. 1, 1911 for 37 Chronicle May 2 1 ,1 8 9 2 , and guaranty, V. 56, p. 604.
p e r cent of gross earns. Penn. RR. Co. on Dec. 31, 1893, owned $200 E arnings.—F rom Jan. 1 to Ang. 31,1894 (8 months), gross showed a
000 of the $650,000 stock—p a r $50. F irst div.,5 p.c., paid m Mai., 1«94 decrease of $1,497,928 from 1893; net a decrease of $258,606.
Nor year 1892-93 gross $218,177; net, $79,648; interest, $32.900. * annual R eport . Report for 1893 was given in full in V 58 n 685
V*» 8, p. t,35„
P i n e C re e k .—Owns from Stokesdale Junction to Newberry Junc­ 638, and showed the following re su lts:
tion, Pa., on the Fall Brook Road, 75 miles. Organization . — Y
N
Tear ending
1891.
1892
1893
Central controls the capital stock and the road is leased to the Fali Miles operated Dec 31. proper) 1,143
(system
1 144
l 144
Brook Railway Co., forming a connection between the Central and
to e Philadelphia & Reading. The 1st m ortgage is guaranteed by Gross earnings............................$14,895,591 $16,160.675 $15,750,808
12,034)631
fjxuB Central, the Reading and the Corning Cowanesque < Antrim Operating expenses................... 10.939.808 12,260.984
fc
(now Fall Brook Ry. Co. (jointly and severally. See form of g uaranty
N e te a m in p
$3,955,783 $3,899,691 $3,716)l7T
y , 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1,1893, N. Y Net earnings, incl. other inc... $3,961,946 $3,912,605 $3 730 223
Central owned $999,000.
Net earns, of L. M iam i* 5„
w
*
E arnings.—Year ends June 30,1894. Lessee reports gross, $852,470*
profit or loss St. L.V. & T. H
367,171
483,983
439,354
n e t, $353,580; rental. $255,740. In year 1892-93, gross, $986,410;
net, $405,272; rental, $296,795. (V. 59, p. 3 7
6.)
8
v
T o ta l.....................................
$4,329,117 $4,396,58J $4,169,577




BOtfDS
STOCKS AKD
RAILROAD
S e p t e m b e r , 1894,]




113

INVESTORS’ SUPPLEMENT,

[Vo . LIX
l

Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables
RAILROADS.
INTEREST OR DrVTDF.Nms
BowdiZpJgjgMiles D ate Size, or
Amount
F or explanation of column headings, &c., see notes of
pal, When Due.
of
P ar
R ate per When
on first page of tables.
Last
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv Stocks—
Whom.
JJrvidend.
Pitts. Ginn. Chic. A St. Louis— ( Consol. ) " A,” g.c*
(1890 $1,000 $10,000,000
4*s g. A. & O. N.Y.,Farmers’ L’n & Tr.
(Concluded).—
< mort. >“ B,” g.c* 1,083 < 1892 1,000 10,000,000
Oct. 1,1940
4*2 g. A. & O.
do
do
Apr. 1, 1942
“
( gold. 3 “ C,” g.c*
(1892 1,000
2.956.000
4*2 g. M. & N.
do
do
Pittsb. Cleve. A Toledo—1st M., gold, int. guar. B.&O..
77 1882
1942
1,000
2.400.000
6 g. A. & O. N. Y., Cent. Trust Co. £» 7 * 1 , 1922
Pittsb.Ft. Wayne A Chic.—Stock, 7 p. ct. guar. Pa. RR. 470
100 19,714,286 7 per an. Q .-J . N. Y., Winslow, L. & Co. Oct.
3, I 894.
Guaranteed special imp. stock, 7 p. c. guar, by eu d 470 1871
100 18,877,403 7 per an. Q .-J .
do
do
July 2, 1894
lstm ortgage,seriesA to F ) Sink, fund, cum ula-) 468 1862 500 &c. 5.250.000
7
Various
do
do
2d
do
seriesG toM ) tive, not drawn.o* > 468 1862 500 &c. 5.160.000
July U 1912
7
Various
do
do
July 1 , 1912
3d m ortgage................................................................ 468 1862 500 &o. 2,000,000
7
A. & O.
do .
do
July
Pittsburg Junction—1st mortgage, gold.................o*
8 1882
1,000
1.440.000
J. & J. N.Y ., 3d N. B. & Pitts, July 1 , 1912
1 , 1922
2d mortgage, for $500,000, g o ld .........................c*
t g. J. & J.
1894
1,000 J ’y,’94, none
5 g‘
do
do
July 1 , 1922
Pitts. June. Term inal 1st M., gold, guar. p. & i . ..
500.000
A. jc O.
5 g.
Oct. 1 , 1907
Pittsburg < Lake Brie—Stock......................................
&
“ ‘ 5Ó
4.000.
000 text. F. & A. Pittsburg, Co.’s Office. Aug. 1 , I 894.
See
1st mortgage, gold.......... ........................................c " i i 1878
1,000
2.000. 000
J. & J.
do
do
Jan. 1 , 1928
2d mortgage, gold, Series A. & B ...........................c
£ g71 1889
1,000
2,000,000 l
5 g- A. & O. N. Y., Security & Tr. Co.
1928
Pittsburg McK. A Yough.—Stock guar., see te x t.......
1884
50
3,959,650 6 per an. J. & J. N. Y., Union Trust Co. Jan. 1 , 1894
July 1 ,
1st mortgage, guar, by P. & L. E. and L. S. & M. S.c P i t 1882
1,000
2.250.000
6
J. & J.
do
do
July 1 , 1932
2d M., gu. p.&i. (end.) by P. & L. E. and L. S. &M. S. e
57 1884
1,000
900.000
J. & J.
6
do
do
McKeesport & Belle Vernon, 1st M., gold, assumed
28 1888
1,000
600.000
6 g. J. & J. P ittsb’g, Fidelity Tr.Co. July 1 , 1934
July 1 , 1918
Pitts. Ohio Val. A Gin.—1st M. gold, s. f. not drn.c*
15 1890
1,000
300.000
5 g. A. & O. Phil.,Pa.RR.,233 So.4th Oct. 1,1920
Pittsb. Painesville A Fairport—IstM ., gold, int. gu.c*
63 1886
1,000
1,000,000
J. & J. N. Y., Mercantile Tr. Co. July 1, 1916
Terminal mort., interest guar, by Pittsb. & west.
1889
1,000
I g- J. & J.
250.000
do
do
July, 1916
Pitts. Shenango A Lake Erie—1st mortgage, gold, o'1 Ï43 1890
1,000
3.000. 000
5 g- A. & O. N. Y., Central Trust Co. Oct. 1 , 1940
Consol. 1st M. for $4,800,000, gold....................o*
1893
1,000
See text.
do
do
5 g. J. & J.
July 1 , 1943;
Pittsburg Virginia A Charleston—Stock..................... '7 3
50
2.025.000 See text. May.
Philadelphia Office,
May 1 , 1894
1st mortgage, gold..............................................
73 1882
1,000
3.000.
000 5
A. & O.
do
do
Sept. 1, 1912
Pittsburg A Western—IstM ., Pitts. Newcastle &L. E.
30 1878 500 &c.
219.000
J. & D. Allegheny,Pa.,IstN.Bk. June 1 , 1898
7
Old Pittsburg & W estern 1st m ortgage...............
45 1880
1,000
81,000
6
N. YT, Drexel, M. & Co. Oet, 15,1900
1st (consol.) mortgage for $10,000,000, gold,...c* 310 1887
1,000
9.700.000
do
do
4 g. J. & J.
July 1 , 1917
2d m ortgage for $3,500,000, g o ld ...................... c* 324 1891
1,000
3.500.000
M. & N.
do
do
May 1 , 1941
Foxburg Bridge Co. 1st M., guaranteed by P. & W.
1882
100.000
I 6' M. & S. N. Y., Union Trust Co. Sept. 1, 1902
Ellwood Short Line, 1st M., gold, gu. by P. & W. ” 3 1890
300,000
New York City.
5 g. F. & A.
Aug 1920
Pittsburg Youngstown A Ashtabula—Common stock 125
50
1,333.342 See te x t M. & S. N. Y., Farm . L. & Tr. Co. M ch.24,1894
Pittsburg Cincinnati Chicago & St. bonis.—
(Concluded.)— Pittsburg P a i n e s v i l l e & Fairport.—
Owns from Fairport O
1891.
to Youngstown, etc., O., 63 miles. Operated a t cost by Pittsburg & West-*
1892.
1893.
In tere st on bonds....................... $2,358,025 $2,323,594 $2,387,215 ern, but interest of bonds is guaranteed. Common stock, $800,000- nreR entals paid.....................
802,053
802,084
813,921 ferred, $250,000 (par, $50), of which in 1892 the Pittsburg & Western
Car trusts (including in terest).
144,826
102,214
94,897 purchased all the common and $160,000 preferred.
In terest on L. Miami securities
79,444
Pittsburg Sbenango
(¿fee
M iscellaneous............................
7,736
5,682
48,910 Butler, Pa., to Girard, Pa., or& Lake Erie.— Map.)—Owns from
Wallace Junction, 107 mues; branches to
Conneaut, etc., 40
leases to term inals, Erie, et Pa., 3 miles*
Balance, surplus T.....................
T
$937,033 $1,163,014
$824,634 Meadville Conneautmiles; & Linesville RR., Linesville to Meadville 21
Lake
IT From which dividends of 4 per cent were paid in 1893, 4 per cent miles; trackage, N. Y. Chic. & St. L., to Erie, 10 m.; total, 181 miles.’
in 1892 and 3 p er cent in 1891.
Organization , E tc .—In April, 1893. consolidated w ith the Erie Ter­
—(V. 56, p.461, 872; V. 57, p. 145, 854, 1123; Y. 58, p. 635/638.)
m inal and Conneaut Terminal Co’s. Stock, $4,800,000; par, $50.
B onds .—Consolidated mortgage is for $4,800,000, of which $3,000,000
Pittsburg Cleveland & Toledo.—
—From Newcastle Junction.
Pa., to Akron, O., 77 miles. Stock, $3,000,000 (par $50), of which B a li is reserved to retire the n rst mortgage a t m aturity and S I,250 000
& Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to to redeem a like am ount of bonds of the Erie Terminal and Con­
P ittsburg & Western. The Baltimore & Ohio guarantees interest on the neaut Terminal companies, which latter bonds to be canceled. The re­
bonds (see term s in V. 39, p. 607.) In year ending June 30, 1893. m ainder of the authorized issue, $550,000, to be used in payment of
gross, $787,750: net, $144,772; interest, $144,320; other charges equipment already purchased. The lake traffic secured in 1893 through
(net), $3,561. In 1891-92 gross, $58.5,163 ; net, $102,751. Loans and the opening of the Conneaut H arbor term inals largely increased the
bills payable, $3,076,448, June 30,1893.
earnings. In Sept., 1893, m ade contract w ith Lake Superior Consol
Pittsburg Fort Wayne & Chicago.— Map Penn. R R .)— Iron Mines for transportation of ore. On July 1 ,1 8 9 3 , funded debt
(See
R oad.—Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles. was $ 4 ,4 5 5 ,4 5 1 ; current liabilities, $827,767. (Y. 56, p. 841.)
Double track, 271 miles, of which p a rt w as built in 1893.
E arnings.—From Jan. 1 to Aug. 31,1894 (8 months), gross, $268,L ease , &c.—Foreclosed Oct. 24, 1861, and reorganized. From July 067, against $314,252 in 1893. From Jan. 1 to Dec. 31, 1893 (12
1,1869, leased in perpetuity to the Penn. RR. a t a rental equivalent to in­ months), gross, $500,835; net, $191,038; surplus over oharges,.
terest, sinking fund of debt and 7 per cent on $19,714,286 stock. The $33,038.
In calendar year 1892 gross earnings were $390,903, against $336,lessees keep road in repair and pay taxes and expenses. Annua,! rental
955 in 1891; net, $156,821; rental, $10,917; interest, $141,212; bal­
and interest charge, $3,390,000. The profit to lessees has been large.
ance, surplus, $4,692.—(V. 56, p. 841; V. 58, p. 69.)
Capital Stock .—The special improvement stock is issued to Penn­
Pittsburg Virginia & Charleston.— South Pittsburg, Pa.»
From
sylvania RR. for improvements, &c., under article 16 of lease, which
provides th a t the lessor m ay issue special bonds or stock. See V. 50, p. to Uniontown, Ac., Pa., 75 miles. Operated bv Pennsylvania RR. which
139, and wording of endorsement in V. 56, p. 774. Of this stock the owns $1,636,950 stock, and pays net earnings as rental, the bonds
Penn. RR. Jan . 1,1894, owned $2,348,500, and Penn. Co., $7,543,176. being pledged under its “ collateral tru st of 1883.” Stock authorized
Since Jan. 1,1893, guaranteed special stock has been issued for bet­ (formerly $2,300,000) increased to $6,000,000 in July, 1894. V. 59,
term ents in 1891, $479,042; m 1892, $2,107,820; in 1893, $1,916,253. p. 28. Dividends were form erly 5 per cent per annum, payable in May,,
B onds.—The first mortgage is in series of $875,000 each and second but in May, 1894, only 3 per cent w as paid. There are $1,050,000
m ortgage of $860,000—date of interest paym ent on each in Su pple ­ debenture 5s due Dec. 31, 1895. In 1893, gross, $1,149,058; net.
r
ment of March, 1894. Of the above 1st m ortgage bonds, $2,333,000, $293,398.
Pittsburg & Western.— Map o f Baltimore < Ohio.)—R oad—
(See
£
and of the second m ortgage $2,614,000, and $1,930,383 cash, w ere held
Lines owned in fee—
Miles
in the sinking funds Jan. 1,1894.
Leased and coitrolled— Miles»
A nnual R eport .—Report for 1893 in V. 59, p. 69, showed gross, Allegheny, P a.,to W. Sewickly. 46 P itts. Cleve. & Totedo IT........ . 77
$12,659,668; net, $3,712,937; loss on New C. & Beaver Yal., $4,118; Rock Point, Pa., to New Castle 11 Pitts. Painesville & Fairport If. 62
profit to lessee over interest, etc., $335,791; also paid to sinking fund H azleton to N ile s..................... 12 Elwood Short Line—
W. Sewiekley to Rock Point. 3
$104,100, leaving a balance of $231,691. In 1892 gross, $12,769,832; Frisco to Crow thers............. . . .6 13
Callery Junc. to B
net, $3,576,738. (V. 52, p. 498, 9 3 8 ; V. 56, p. 774; V. 57,p. 59, 218 3-ft. gauge lines toutler__ . e tc .136
Jew ett,
Total (ITsee this co.)............... 366
V. 59, p. 6 9 , 352.)
Double tra c k ....................... over 40
Pittsburg Junction.—
Owns 8 miles of tracks a t Pittsburg,
The 3-foot gauge lines are laid with 40-pound r a il; the remainder of
Penn., connecting the Baltimore & Ohio and the Pittsburg lines owned w ith 60 to 70-pound steel. Company is said do own nearly
& Western, which companies in 1882 agreed to pay the P ittsburg the entire w ater front a t Allegheny, Pa., 7 miles, with term inals, etc.
Junction $2 for each car passing over its road. New 2d m ortgage for
Organization, E tc.—In Feb., 1891, th e Baltimore & Ohio bought
$500,000, and increase in capital stock of like am ount authorized in
1894; proceeds to be used for improvements. In July, the new stock, $6,050,000 common stock, and in May, 1893, began to use the road as
p a rt of a through passenger route to Chicago. The Allegheny < Law­
fc
b u t no new bonds, had been issued. In 1892-93 gross earns. $301,696,
to Moravia,
agst. $287,114 in 1891-92; net, $222,730, agst. 212,725; fixed charges, rence RR. was to be built from B ryant V. 55, p. 237.Penn., 40 miles, to
shorten this route and lessen the grade.
136,205; surplus, $86,525. Common stock is $1,460,000; preferred,
Stock.—Common, $8,500,000, and preferred, $5,000,000, 5 per cent
480,000; par, $50. Dividends of 7 per cent are paid on preferred
stock.
non-cumulative; both in $50 shares. Control held by Baltimore & Ohio.
Common stock was increased by $1,500,000 in ’92 to purchase $960,000
Pittsburg & Lake Erie.—
Owns from Pittsburg, Pa., to Youngs­
town, O., 68 m iles; branch lines to Newcastle, Pa., 3 m iles; total stock of the Pittsburg Painesville & Fairport, $1,300,000 (of the $1,500,owned, 71 miles (of which 66 double track); leases Pitts. McKeesport & 000) stock of the Allegheny & Lawrence (see “organization” above),
Yough. (which see), 98 m iles; to tal operated, 169miles. Owns $350,000 and $382,500 Trumbull & Mahoning securities. V. 55, p. 332, 680.
B onds.—For abstract of first mortgage (trustee, Mercantile Trust
stock of the Pitts. Chartiers & Yough.—which see. The P. & L. E. is
operated in interest of L. 8. & Mich. So., which owns $2,000,050 of stock. Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
lien on term inals a t Youngstown, O., and on 12 miles of newdoubletrack
D ividends .—1884 to February, 1892, inclusive, 6 per cent yearly ; in
52, p. 238,
56, p. 625»
August, 1892, 5 p. c.; in 1893,10 p. c.; in 1894, Feb., 5 p. e.; Aug., 5p. c. road along ihe Mahoning River. V.car trusts, 499, 762; V. Interest is
Real estate mortgages $315,375;
$448,207.
Annual R eport .—Report for 1892 was in V. 57, p. 21. In 1893 gros guaranteed on $1,250,000 Pitts. Painesville & Fairport bonds.
earnings were $4,040,784; net, $1,136.072; interest and rentals
E arnings.—
From Jan. 1 to Aug. 31,1894 (8 months), gross earnings
$707,935; dividends (10 p. c.), $400,000; balance, surplus, $28,L37
system were $1,447,971, against $1,770.106
In 1892 gross earnings $4,350,126. Real estate m ortgages Jan. 1 total gross, $2,689,658, against $2,366,478 in 1892. in 1893. For year
1893, $136,242; balance to credit of income, $1,551,860. (V. 54. r 1893 vear ending Ju n e 30,1893, gross earnings were $2,586,185; net,
For
6 4 1 ,8 8 9 ; V. 56, p .3 7 5 ; V. 57, p. 21.)
$527,274; interest and taxes, $868,391; deficit, $341,117. In 1891-92
P i t t s b u r g M c K e e s p o r t & I T o u g h lo g h e n y .—Owns from Pitts, gross, $2,402,565; net, $462,326. (V. 55, p. 100, 147, 257, 332, 680»
to N. Haven, Pa., 57 m.; McKeesp. to Belle Vernon, 28 m.; branches, 11 895 ; V. 56, p. 625.)
rn.; leases 2 m.; Jan. 1,1893, total, 98 miles, of which 16 miles double
Pittsburg YoungstownJk Ashtabula.—
Owns Kenwood, Pa.»
track. Road opened November, 1883, and in 1890 consolidated w ith
McKeesport & Bellevernon. In July, 1893, a branch to Perryopolis, 5 to Ashtabula Harbor, O., 99 m iles; Niles to Alliance Junction, O., 2 5
m iles; Canfield Branch, 1 m ile: trackage, 3 miles. Total, 128 miles.
miles, w as completed, and an extension was proposed.
Organization .—Consolidation of Ashtabula & Pittsburg and other
L ease .—Leased to P ittsburg & Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, principal and interest of the P ittsburg McK roads in 1887. Leased from August 1, 1887, to Pennsylvania Com­
& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake pany, which Jan. 1,1894, owned $375,000 common and $1,550,000 pre­
Shore & Michigan Southern companies, the guaranties being endorsed on ferred stock; rental net earnings. Lease m ay be term inated a t option
th e share certificates and bonds. The guaranty of the stock is on the of either party on one year’s notice. Stock authorized—Common.
express condition th a t the holder shall accept par for the same on July $2,000,000, and preferred, $2,000,000; both in $50 shares.
1, 1934. See wording of guaranty in V. 56, p. 774. Profits to lessees
D ividends .—On preferred stock a t rate of 7 per cent yearly since
in 1893, $50,711, of which one-half was payable to the Lake shore & 1887; on common, in September, 1890, 2*2per cent; in September
Michigan Southern.—(V. 52, p. 126; V. 56, p. 403; V. 58, p. 178 )
1891,3 per cent; in 1892, 6 p. o.; in 1893, 6 p. o.; in 1894, March, 3.

I

i'òdó

t

\ Ww




*

S e p t e m b e r , 1894.]




RAILROAD

st o c k s

and

bo n d s.

113

114

INYESTOKS* SUPPLEMENT.

I V o l , L IX .

Subscribers will confer a great favor by giving: immediate notice of any error discovered in these Tables
RAILROADS.
INTEREST OR DIVIDENDS.
Bond,»—Princi­
Size, or
Amount R ats per When
of
Of
Par
Where Payable, and bv pal,When Due,
Stopfe«—
-Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Pitts. Young. < Ash.—( Con.)—Preferred stock.......
6
125
$50 $1,700,000 7 per an. M. & S. N. Y., Far. L. & Tr. Co. Mch. 24, 1894
Lawrence RR. IstM .,Lawrence June, to Y’ngst’n.i
17 1865
1,000
F. & A. N. Y., Winslow. L. < Co. Aug. l, 1895
310,000
7
fc
Ashtabula & Pittsb. 1st M., Y’ngst’n to Aslitab.o
62 1878
1,000
1,500,000
6
F. & A. Phila., Fidelity Tr. Co. Aug. 1 , 1908
Consol, mort. (for $4,000,000) s. f. 1 p.c., not dr.c
125 1887
1,000
1,562,000
5
M. & N. N. Y., Farm. L. & Tr. Co. Nov. 1 , 1927
Pontiac Oxford < Northern.—Stock........... ............
£
100
100
1,000,000 4 in 1892
Pt. Jervis Monticello dt N. Y.—1st M.,g($10,000 p.m.)
1887
1,000
364,000
&
6 g. J. < D.
Dec. 1 , 1927
20 1891
1,000
1,500,000
5 g. J. & J.
See text.
Jan. 1 , 1941
Port Royal dt Augusta—1st mort. and 2d m o rt.. . . . . 112 ’78-’82
500
6
362,000
J. & J. July, ’93, coup, last pd. 1898 & 1899
General mortgage income bonds, gold............... c* 112 1878 100 &e. 1,500,000
6
J. & J.
Port Royal dt West Carolina—Augusta & Knox. M.c*
68 1880
500
630.000
7
J. & J. July,’92, coup.last paid Jan. 1 , 1899
July 1, 1900
Consol. M. for $2,500,000, redeemable a t 110..o* 227 1887
1,000
1.870,000
6
M. & N.
May 1 , 1937
Portland Saco < Portsmouth—
6
Stock (guar, by rental)
51 ....
100
1,500,000 6 per an. J. & J. Boston, Treasur. Office. July 16,1894
Portsmouth dt Dover—Stock, 6 p. c. guar. East. Mass.
11 ....
100
769,000 6 per an. J. & J. Portsm outh, Treasurer. July 2, 1894
Potomac Valley—1st M. $2,000,000, gold,guar..c*&r
15 1891
1,000
See text.
5 g. J. & J.
Baltimore.
Jan. 1 , 1941
Prescott < Arizona Central—1st M., g, s.f. not dm .o
£
73 1886
1,000
775,000
6 g. J. & J. Jan., ’93, coup, last nd. Jan. 2 , 1916
2d mortgage, incomes.................................... .
73 1886
1,000
775,000
6
J. & J. N. Y., when earned.
Jan. 2, 1916
Prosp. Pk. & Coney Jsl’d—1st M. ($361,000 7s)c*&r
10 1874
1,000
500,000 4ic & 7 J. & J. 1 stN at.B ank of Br’klyn Jan. 1 , 1895
2d mortgage for $500,000 ($80,000 are 6s) .c*&r
10 1886
1,000
420,000 4ic & 6 F. & A. Of., 4 Court Sq. B r’kiyn. Feb. 1 , 1926
3d m ort.for $200,000 gold ($104,000 are 6s).c*&r
10 1891
1,000
200,000 4ic & 6 g. M. & S.
do
do
Mch. 1 , 1931
Debentures,income, non-cum. . . , ..........................
250.000
May 1 , 1920
Providence < Springfield—1st M. gold, guar., p&i.o'
£
30 1892
1,000
750.000
5 g. J. & J. Provid’ce, Globe N. Eb. July 1 , 1922
Providence Worcester—Stock (10 per cent ren tal).
51
100
3,500,000 10 p e ran Q.—M.
Providence, Office.
Sep. 29,1894
1st m ortgage.......................................
c*
51 1877
1,000
1,500,000
6
A. & O. Prov. ,R. I.Hosp. &Tr. Co. Oct. 1 , 1897
Quincy Omaha < Kansas City—Pref. 1st mortgage. 134 1887
£
1,000
5
250,000
J . & D. N.Y., Gilman, Son & Co. Deo. 1 , 1917
1st m ortgage.............................................................. 134 1887
1,000
1,489,240 3, 4 ,5 J. & D. June ’90 coup, last paid. Dec. 1 , 1917
Raleigh dt Augusta—1st mortgage, funding.......... c*
98 1886
1,000
1,000,000
6
J. & J. Bait. & Phil. Mech.N.Bk. Jan., 1926
c
Raleigh dt Oaston—1st m ortgage.................
97 1873
1,000
1,000,000
8
J. & J. Balt.& Phil. Mech.N.Bk. Jan. 1, 1898
Seab. Air Line Eq. bonds, Ser. A&B, ( ¿ 3 issue)__
1890-1 1,000
197,500
5
J. & D. Balt.Merc.Tr.& Dep.Co. $25,000 J ’ne 1
Reading dt Columbia—1st mortgage (extended)..c* *40 1862 100 &c.
650,000
5
M. & S. Phila., Phil.& Read. RR. Mch. 1 , 1912
2d mortgage, coupon (extended in 1884)............c
40 1864
1,000
350,000
5
J. * D.
do
do
June 1 , 1904
c
Debentures.....................................
1877
1,000
1,000,000
6
J. & D.
Dec. 1 , 1917
Rensselaer dt Sara.—Stock,8p.e.gu.Del.&Hud.)end.) 192
100 10,000,000 8 per an. J. & J. N.Y., Del. & H.Canal Co. July 2, 1894
1st mortgage, consolidated................................c**r
79 1871
1.000
M. & N.
2,000.000
7
do
do
May 1 , 1921
B onds.—Bonds of 1887 (trustee, Farm ers’ Loan & T rust Co.) are re­ interest on th e greater p a rt of P. P. & C. I.’s bonded debt was reduced
served to retire divisional bonds. A sinking fund of 1 per cent p ur­ from 6 and 7 per cent to 4*2 per cent. See V. 56, p. 42.
chases bonds of 1887 a t p a r; otherwise paym ents lapse.
S ecurities .—On June 30.1894, there were mortgages on real estate
E aknings.—8 months, \ 1894, gross, $695,864; net, $258,672 for $14,883, and $104,972 loans and bills payable. The company sold
Jan. 1 to Aug. 31.
5 1893, gross, 979.576; net, 404,204 its horse-car property and franchises to tne A tlantic Horse RR. Co.
I n 1893 gross earnings, $1,293,316; net, $483,153; interest on bonds. and holds a 5 percent bond and mortgage of th at company for $120,OOoi’
$189,800; other charges, $1,834; dividends (6 per cent on common,
E arnings .—For year ending Ju n e 3 0 ,1 8 9 4 , gross, $144.920; deficit
7 on preferred), $198,736; balance, surplus, $92,783.
under operating expenses, $3,287; income from rents, $18,533; charges
Plant System.— Savannah FnoRfDA &Western .
See
$59,541; deficit, $49,295. In 1892-95 gross, $ 1 7 1 ,3 3 2 ; net, $31,273 •
Pontiac Oxford & Northern.—
Operates road from Pontiac, Total deficit June 30, 1894, $174,484.
Mich., to Caseville, Mich., 100 miles. Successor to Pontiac Oxford & -(V. 55, p. 3 7 2 ; V. 56, p. 42,164; V. 57, p. 547; Y. 59, p. 376.)
P o rt Austin RR., sold in foreclosure in 1889. In year 1893 gross earn­
Providence& S p
I., to Douglas,
ings were $128,444; net, $34,657; dividends (4 per cent), $40,000; on the N. Y. & N. E. mr in g f ie ld .—Providence, R. $517,450 (par, Mass
ain line, 30 miles. Stock is
$100)’
balance, deficit $5,343, against surplus, $9,096 in 1892. D ividends: a majority of which was acquired in July, 1890, in interest of the New’
In 1890,1 p. c.; 1891, 3 p. c.; in 1892, 4 p. c.; in 1893, 6 y. c.; 1894, York & New England, and road leased to th a t company for 99 years
March, 3 p. c. President, Hugh Porter, New York.
from October 1 a t 6 per cent on stock. See V. 51, p. 458; V. 55, p. 177
Port Royal & Augusta.— from Port Royal, S. C., to Augus­ The bonds are guaranteed by the New York & New England RR., and
Owns
ta , Ga., 112 miles.
were to be guaranteed by the City of Providence, but certain taxpay­
R eceivership E tc .—Stock is $750,000; p a r $100, and Central Ga. ers secured an injunction in Dec , 1893, restraining the city. Feb. 28
Ju ly 1,1892, owned $401,500 stock and $1,176,600 general m ortgage 1894, injunction was continued. V. 57 p. 1123. N. Y. & N. E. went
bonds. Central of Georgia is in receiver’s hands, but interest due July. into receivers’ hands in December, 1893. E arnings.—In 1893 gross
® ’
1892, and Jan. and July, 1898, on the P. & A. first and second m ort­ $182,450; net, $28,073.
gages was paid a t m a tu rity ; January, 1894, interest was not paid. In
Providence
Owns from Providence, R.
May, 1893, J. H. Averill was made receiver of the P. R. & A. in the suit Worcester, Mass.,& Worcester.— 5 miles are owned jointly I., to
44
with
brought by the State of South Carolina. F irst m ortgage ($250,000) Boston & Providence; miles, of which
branches, 7 miles; total operated, 51 miles;
m ay be redeemed a t any tim e a t 105.
From Ju ly 1,1892, leased for 99 years a t 10 per cent per annum on
E arnings.—7 months, ) 1894, gross, $158,220; def., $4,071.
the stock to the N. Y N. H. & Hartford. E x tra dividend of 412
".
Jan . 1 to July 31,
51893, gross, 164,894; net, 20,943.
per cent was paid out of assets in March, 1893. In 1892-93, total
income was $491,511; surplus a f t r expenses, charges and 10 per cent
In year ending June 30, 1893, gross, $269,538: net, $21,975. In
calendar vear 1892 gross $238,718, against $359,749 in 1891. In year dividends. $43,973, against $8,767 in 1891-92. Total surplus June 30,
’90-91 gross $364,707; net, $73,935. (V. 56, p. 836,972 ; V. 57, p. 939.) 1893, $208,309. (V. 48, p. 829; Y. 51, p. 681; V. 56, p. 83.)
Quincy Omaha & Kansas City.— Quincy to Trenton, Mo.,
West
Port Royal & Western Carolina.—
Owns Augusta, Ga., to
Spartanburg, S. C., Laurens to Greenville, S. C., and McCormick to 134 m iles; trackage (C. B. & Q.), to Quincy, 3 miles.
H istory .—Successor to Qhiacy Missouri & Pacific sold in foreclosure
Anderson, S. C., 227 miles. A consolidation in 1886 of the Augusta
& Knoxville, &c. In terest on Augusta & Knoxville bonds due Jan. 1, and reorganized. Default was made on Dec., 1890, coupons, but pref.
1893, w ent to default. Foreclosure suit was instituted in May, 1893, 1st mortgage coupons have since been paid in full. The stock is
and on June 28, ’93, J. B. Cleveland was made receiver. See V. 56, p. 972. $1,489,240 (par $100).
E arnings.—7 months, > 1894, gross, $128,636; net, $36,421.
Stock .—Common, $1,234,000 and 6 p. c. non-cum. pref., $184,0 0 0 Jan. 1 to Ju ly 31.
J 1893, gross, 155,134; net, 36,828.
p a r $100. Central RR. of Georgia Ju ly 1 ,1 8 9 2 , owned $1,767,000 of
th e above bonds, $694,000 common stock and all the preferred.
For year ending Dec. 31,1893, gross earnings were $271,013, against
$279,035 in 1892; net, $67,383, against $65,744.
E arnings. — From January 1 to May 31, 1894 (5 months),
ross earnings $148,688, against $141,330 in 1893. In year ending
Ralelgli & Augusta.—
Owns from Raleigh, N. C., to Hamlet, N. C.,
une 30,1893, def. under oper. exp., $129,536. In calendar year 1893 97 miles; H am let to Gibson, 10 miles; leases M oucureto Pittsboro, 12
gross $366,682, agst. $295,001 in 1892. In year 1890 91, gross, $428,- miles; total, 119 miles. Coutrolled by Raleigh & Gaston, which July
426, against $380,291 iu 1889-90 ; net over expenses, betterm ents and 1,1893, ow ned$772,200 stock, and so by Seaboard & Roauoke. Stock
taxes, $7,155, against $9,703; charges, $156,300. (V. 56, p. 972.)
is $873,600; par, $100. In 1892-93 gross earnings, $308,587; net,
Port Reading;.—
Owns 20 miles of road, completed in Stpt. 1892 $66,708; surplus (including other receipts) over fixed charges, $3,599,
from Bound Brook, N. J.. to Staten Island Sound, where extensive agst. $2,671 in 1891-92; net current liabilities July 1,1893, $306,896.
term inals were established. Capital stock authorized $2,000,000— Raleigh & Gaston.—
Ownsfrom Raleigh to Weldon, N. C., 98 miles
outstanding, $1,565,000, par $100. The Philadelphia * Reading RR. and Louisburg branch, 10 miles. Controls Raleigh & Augusta RR., 107
Co. guarantees the bonds, principal and interest, by endorsement on each miles, and has large interest in Durham & N orthern RR., Durham to
bond, but see th a t company. (V. 54, p. 762; V. 55, p. 544, 639, 680.)
Henderson, N. C., 42 m iles; and with Seaboard & Roanoke controls
Portland Saco & Portsmouth.—
P ortland, Me., to Portsm outh, Carolina C entral; also controls Georgia Carolina & Northern and
N H., 51 miles. I t was leased May 4,1871, in perpetuity to the Eastern jointly guarantees the bonds. Seaboard & Roanoke owns $742,200 of
.
Railroad, Mass, (now merged in Boston & Maine), a t 10 per cent on the Raleigh & Gaston $1,500,000 sto ck ; par, $100.
stock. Lease rental changed May 21,1877, and now 6 per cent. .
D ividends .—In 1889,1890 and 1891, 6; in 1892, 4 p. c.; none since.
Portsmouth & Rover.—
Portsm outh, N. H., to Dover, N. H., 11
E arnings.—In year ending June 30, 1893, gross, $475,675; net
miles. Opened February 1,1874, and leased for fifty years to Eastern $147,909, against $151,722 in 1891-92; income other sources, $81,269;
NewHampshire a t 6 per cent per annum on th e stock, rental guaran­ interest paid, $80,000; dividends (2 p. ct.) $30,000; “other deductions,’’
teedby the E astern RR. of Mass. Lease assumed by Boston & Maine. $138,069; deficit for 1893, $18,891, against surplus $16,547 in 1892.
Potomac Valley.— September, 1893, completed from Williams­
In
Reading & Columbia.—
Owns from Columbia to Sinking Springs,
port, Pa., to Cherry Run, W. Va., on the B. & O., 15 miles, and from P a .,40 m iles; branches, 13 m iles; Lancaster * Reading RR. (narrow
Porters, Pa., to York, Pa., about 16 miles. Road also to be built gauge), leased, 15 miles; operates M arietta Junction to Chickies, 6
from York to the Philadelphia & Reading RR. near Mari­ m iles; to ta l operated. 74 mii03. Quarry ville branch of L ancaster &
e tta , Pa., and from Thomasville, Pa., to the Philadelphia Har- j Read, was sold in June, 1894, a t auction. Stock, $958,373; par, $50.
risburg & Potomac Railroad, 8 miles w est of Harrisburg, 21 The road is controlled and operated by the Philadelphia & Reading
miles, m aking to tal mileage 65 miles. The property is leased to the (which holds the above debentures), but accounts kept separate. In
Western Maryland, and the bonds have principal and interest guaran­ year ending Nov. 30,1893, gross earnings were $328,051; net, $94,427;
teed, jointly and severally, by the W estern M aryland RR. Co. and the interest and rentals, $130,360; deficit for year, $35,933. In 1891-92
Baltimore & H arrisburg RR. Co., and are so endorsed. They are also se­ gross $348,334; net, $85,464. Total deficit to Nov. 30, ’93, $1,319,791.
cured by traffic contracts w ith these companies. (V. 52, p. 121.) In
Rensselaer «^Saratoga.— line of road is as follows :
The
Nov., 1893, $737,000 bonds were out, of which $177,000 as collateral.
Road
Miles.
Leased ( Continued)—
Miles
Prescott & Arizona Central.—
Owns from Seligman, on the Troy to owned—
Lake Champlain.......... 79 Vermont line to Castleton, V t. 7
A tlantic & Pacific RR. to Prescott, Arizona, 73 miles. Stock, $1,200,Leased—
Eagle Bridge, N. Y., to R ut­
000. Central Trust Co., is m ortgage trustee. July, 1893, interest on first Troy to W aterford June., e tc .. 7
land, V t............... .................... 62
m ortgage bonds was not paid. W. N. Kelly was made receiver. In Schenectady to Ballston........... 15
November, 1893, it was reported operation of road was suspended.
Ft. Edward to Caldwell............ 15
Total operated......................192
E arnings.— 1891 gross, $139,822; net, $60,907, against $82,269 W hitehall to Vermont line....... 7
In
In 1890; fixed charges, $59,290 ; surplus, $1,617. Office, 15 Wall St.
L ease .—Leased in perpetuity M^rch 1,1871, to the D elaware & H ud­
Prospect Park& Coney Island.—
Owns from 9th Avenue and son ; rental, 8 per cent on the *to< k a n l interest on the bonds. Word­
20th Street, Brooklyn, to Coney Island, etc., 6 m iles; leases to Coney ing of guaranty on stock was in V 06, p. 773 .
Island Point, etc., 2 ^ m iles; other, 1 m ile; trackage, P arkville to Bay
E arnings.—For year to Ju n e 30, 1894, gross, $2,174,133, against
Ridge, 3*2 m iles; total, 13 miles. Stock is $250,000; par, $100.
$2,510,925 in 1892-93: net, $758,395, against $1,002,017; deficit under
H istory .—The Long Island RR. acquired controlling interest in stock charges and taxes, $434,778. (V. 56, p. 290, 793; V. 57, p. 300, 809;
i n 1893, and in consideration of a guaranty by th a t company, annual Y. 58, p. 306, 817; V. 59, p. 291.)
1
’ t ’,Q W ' o w ,

f




S e p t e m b e r , 1894.]

• ATTERO AD
R

STOCKS

A ®

BONDS.

115

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Princi­
INTEREST
RAILROADS.
pal .When Due.
Miles Date Size, or
Amount
Stocks—
Last
Par Outstanding R ate per When
of
of
pnr att> au «.t,ion of column headings, &o., see notes
1
For expían» on lirst page of tables.
Dividend.
Road. Bonds Value.
Whom.
Cent. Payable
virh Fred, dk Poi.—St’k.com.($1,071,100 div.,oblig.)
^Htock. guar. 7 p. e., except $19,300 guar. 6 p . e . .
1st mortgage, convertible ($26,840 are 7s) ------(jo
do
....................—
do
coupon bonds due in London...........
do
do
due in U. 8 .................
do
certificates of debt, due in U. S.......
2d mortgage
do
do ^
Consol mortgage for $2,000,000, gold.......... e*<fcr
Richmond dk Mecklenburg—1st m ortgage............... Rich. N/ichol. Ire. dkB —1st mortgage, gold....... ...c*
Richmond Petersburg—Stock----- -------- --— . — .
First mortgage ($30,000 are 7s)............... .............
Consolidated mortgage for $1,000,000, gold— c*
Richmond Fork River dk Chesapeake—Stock, 6 p. c..
2d mort., Riehm’d to W. Pt., Va., exten. in 1893.
Rio Qrande Junction—S tock.......................................
1st mortgage, gold, guar, jo intly ............... . . . . . . c*
Rio Qrande Seuthenv—Stock, $25,000 per mile.......
1st mortgage, $25,000 per mile, gold............ c*&r
Rio Qrande Western—
Common stock.........................
Preferred stock ($7,500,000 authorized).............
1 st trust mortgage, for $16,000,000,goid..........c*
River Front—Stock, 5 per cent, guar. Penn. R R —
1st mortgage, guar. p. & i. by Penn. R R ...............
Roanoke «• Southern—Stock............. ...................... .
£
1 st Mortgage, gold, $15,000 p. in., guar. p. & i.. .c*
Equip, tru st ($210,000) guar. p. <&i. by N. <fcW. .c*
Roch. ds Genesee Val.—Stock. 6%rentalN.Y.L.E.&W.
Rock Island dkPeoria—Sto ck............................. ........
1st mortgage............................................................. r
Consolidated 1st mortgage.......... ............................r

79
79
79
79
79
79
79
31
23
23
27
38
62
62
180
180
529
433
122
122
18
113
91
113

185C
1856
1858
1870
1858
’44-66
1890
1882
1889
1875
1890
1880
...

1889
1890
„

1889
1882
1892
1891
1878
1885

$100 $2,238,000 7 p er an. J. & J. Phila. & Richmond,
S
100
500,400 7 per an. M. «s N.
do
do
Various
35,370
do
do
6 & 7 J. & J.
Various
J. & J.
99,070
5
do
do
Various
5
J. «5 J.
$
do
do
48,687
M. « N.
fe
do
do
Various
300,000
6
Various
J. « J.
fe
do
do
83,363
7
J. « J.
fe
do
do
5
53,511
fe
$1,000
500,000
4*2g. A. < O. N.Y., Phila. or Richm’d.
M. < N.
fc
315,000
6
1,000
fe
In default.
2,375,000
6 g- J. « J.
Richmond, Office,
100
fe
1,000,000 See text, J. « J.
do
do
fe
500 &c.
380,000 6 & 7 M. « N.
&
1,000
4igg. A. « O. N. Y., Brown Brothers.
300,000
100
fe
497,500 6 per an. J. « J. July, ’93, div. last paid.
See text.
1,000
fe
500,000
4 ^ M. « N.
100
2,000,000
1,000
1,850,000
fc
5 g- J. < D. N. Y., Maitland, P.& Co.
•100
4,510,000
1,000
4,510,000
fe
5 g- J. « J. July, ’93, coup, last pd
N. Y.,office, 32 NassauSt.
100 10,000,000
do
do
100
6,250,000 See text. Q .-F .
l,000&c 15,200,000
fe
4 g- J. « J. N. Y., State Trust Co.
All owned by Penn. RR,
50
216,000
5
Phila., Co.’s Office.
1,000
216,000
413
100
2,396,450
1,000
fe
2,041,000
5 g. M. « S. ST. Y.. Ed. Sweet & B alt
1,000
106,000
6
J. « D. Balt. Merc.Tr.&Dep.Co
fe
100
555,200 6 per an. J. « J. N.Y.,byN.Y.L.E.«feW.Co
fe
fe
1,500,000 5 per an. J. « J. N. Y., Com Exch. Bank,
do
do
25,000
150,000
10
J. « J.
fe
do
do
5,000
J. « J.
fe
450,000
6

Richmond Sc Danville.— Southern Railway Co. For state­
See
ment previous to reorganization see S upplement of May, 1894.
Reorganization.—
The reorganization plan of the Richmond & West
Point Terminal as modified Feb. 20,1894, offered the following term s
to such of the securities as it disturbed, those not mentioned below
being left undisturbed. [For earnings, explanations, etc., see plan Y.
56, p. 858, 874,1016,1058; V. 57, p. 61; Y. 58, p. 385.]
Old issues.
New js. P f.stk. Interest accrues on new j s
R. & D. Deb. 6s (see below)
In cash from Jan. T, 1896.
R. < D. cons. 5s (see below) .100%
&
From Jan. 1,1896.
80%
N. W. Carolina 1st 6 j. .......... 35%
do
do
85%
Ox. & Clarks. 1st 6s— ....... 30%
do
do
85%
Clarks. &N. C. 1st 6s........ 30%
110%
Dan. & Western l6 t 5 s........ —
Rec’rs certs.of ’93 (em erg.) 100%
ftno,
In cash from Ju ly 1,1895.
loan) & int. to Ju ly 1,’95. > x u/0
R.dkD. debenture 6s are to have coupons from Oct., 1892, to Oct.,
1895 (inclusive) exchanged for $25 per coupon in new 5s bearing
interest from Jan. 1,1895, interest thereafter to be reduced to 5 per
cent per annum in cash—the ine me clause to be canceled. In terest on
R. é D. consol. 5s, due Oct. 1, 1892, and April 1,1893, and all interest
on new bonds exchanged therefor to Jan. 1, 1896, inclusive, will be
funded into preferred stock a t par. For term s offered other companies
of system see statem ent for each.
Richmond Fredericksburg Potomac.—
Sc
Owns from Rich­
mond, Va., to Quantico, 79 miles; Jam es River branch. 3 miles; leases
Quantico to Junction, etc., 3 miles. The dividend obligations receive
same dividends as common stock, but carry no voting power. The
guaranteed stock is said to be secured by a m ortgage ahead of the
consols. Consols are reserved for prior bonds maturing.
Dividends of 7 per cent paid on common stock and dividend obliga­
tions in 1888 and 1889 ; in 1890, 6*2 per cent; in 1891, 7 per cent; in

1892, 7; in 1893, 7 p. e.; in 1894, Jan ., 3% p. c.; July, 3 p. c.
Earnings.—1 months, ) 1894, gross, $53,576 ; net, $17,581.
July 1 to Ju ly 31, 5 1893, gross, $54,4 54 ; net, $12,662.
In 1893-94 gross, $673,520 ; net, $230,363. Y ear to June 30,1893,
gross, $783,400; net, $285,967; other income, $12,882 ; surplus over
int. and div., $47,099, against surplus of $49,833 in 1891-92; better­
ments, $13,280. (V. 53, p. 7 6 3 ; V. 55, p. 9 7 7 ; V. 57, p. 1082.)
RichmondSc Mecklenburg.—
Owns road from Keysville, Va., to
Clarkesville, Va., 31 miles. Form erly leased to Richmond < Danville,
fe
but excluded from system by Richmond Terminal reorganization plan
as modified Feb. 20,1894. Road is operated by Southern Ry. Co. under
operating contract by which R. & M. gets the n et earnings and certain
per cent on traffic derived from Southern Ry. w ithin lim ited territory.
Stock.—$357,900; p a r $100. B onds.—There is also a second mortgage,
due 1937 for $160,000 a t 6 p. c., all the bonds being owned by R. T. Co.
Richmond Nicholas ville IrvineSc Beattyville.—
Line of
road—
Versailles, Ky., to Beattyville a t the Three Forks of the Kentucky
River, 97 miles, of which 62 miles, Versailles to Irvine, Ky., are in
operation. In Dec., 1891, John MacLeod was appointed receiver.
Foreclosure sale has been postponed. Proposition for reorganization
of the road is under consideration.
In April, 1894, bondholders were said to have made arrangem ents
to buy the road a t foreclosure and extend it to Beattyville, 36 miles.
V. 58, p. 683. The claims against the company are said to be about
$1,000,000. Stock authorized, $2,425,000 ; par, $100. The guaranty
placed on certain of th e bonds by officers of the Louisville New Albany
& Chicago w as declared illegal by Judge B arr in Federal Court a t
Louisville, Ky., in September, 1894. See L. N. A. & C. item, V. 59, p.
473. (V. 51, p. 609 ; V. 53, p. 846; V. 55, p. 257; V. 58, p. 683,1036 ;
V. 59, p. 153.1
RichmondSc Petersburg.—
-Owns from Richmond to P etersburg,
Va., 23 miles. Jam es River branch, 4 miles.
Dividends since 1883—In 1884,1885 and 1886, 5 per cen t; in 1887,
6; from 1888 to July, 1894, inclusive, 7 per cent per annum.
E arnings.—1 m onth, ) 1894__ gross, $29,493; net, $9,549.
July 1 to Ju ly 31.
> 1893__ gross, 28,393; net, 3,959.
Annual R eport .—Fiscal year ends June 30. For year 1893-94
gross from traffic (not including “ miscel. incom e”), $318,011, against
$359,773 in 1893 ; net, $70,888, against $105,207. Annual report for
1892-93 in V. 58, p. 126, showed gross receipts, $401,435 ; net, $146,869 ; total n e t income, $152,141; interest, $36,600; dividends, $70,000.
For 1891-92 net, $126,298—(V. 55, p. 97 7; V. 58, p. 126.)
Richmond York River Sc Chesapeake—Owns road from
Richmond, Va., to W est Point, Va., 39 miles. Form erly leased to
Richmond & Danville, which guaranteed interest on the bonds and 6
per cent on th e stock. The last dividend was paid in July, 1893.
Under the Richmond Term inal reorganization the first mortgage 8s, due
January 1,1894, were purchased by N. Y. G uaranty & I. Co., 59 Cedar
St., N. Y., a t pa r and 6 per cent interest from Jan. 1, 1894, and bonds
extended a t 5 per cent. Second mortgage 6s w ere extended from Nov. 1,
1893, to Nov. 1, 1910, a t 4 ^ pér cent, the coupon due Nov. 1, 1893,
being allowed for in cash. Stock receives 120 per cent in new preferred.
E arnings.—For year ending June 30, 1893, gross, $169,264 : net,
$7,772; interest on bonds, $60,560; dividends, $29,208; deficit, $86,936.




July 2, 1894?
May 1, 1894: '
July, 1895
1901
1901
1901
July, 1899
1901-1902
Apr. 1, 1940
Nov., 1921
July 1, 1919
July 2, 1894
May 1, 1915
Apr. 1. 1940
See text.
Nov. 1, 1910
Dec. 1, 1939
Ju ly 1, 1940
Aug. 1, 1893
Ju ly 1, 1939
May 1, 1912:
Moh. 1. 1922
$21,000 Deo. 1
Ju ly 2, 1894
Ju ly 2, 1894
Jan. 1, 1906
Jam 1. 1925

In 1891-92 gross, $191,918; net, $16,634. In 1890-91 gross, $203,560y
net, $26,218. (V. 58, p. 385, 716.)
Riehmoud Sc West Point Terminal Railway Sc Ware­
house Co.— Soulhern Railway Company. For statem ent previ­
See
ous to reorganization see Supplement of May, 1894.
Rio Grande Junction.—
Owns road from Rifle Creek, Col., to a
connection: with the Rio Grande Western a t Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado Midland and
Denver & Rio Grande a t 30 per cent of gross earnings, which companiesJointly and severally guarantee the bonds, principal and interest.
Stock is $2,000,000 (par, $100), of which Colorado Midland (Atchison)
July 1 1892, owned $737 150 (V 51, p. 829, 830; V. 52, p. 204.)
Rio Grande Southern.— Map Denver dk Rio Qrctnde.)—Road
(See
completed Jan., 1892, from Dallas (new name Ridgeway), Col., on th e
Denver & Rio Grande, southerly to Durango, 162 miles, and branches to
Telluride and coal fields near Hesperus, 18 miles, all narrow gauge. B uilt
in the interest of the Denver & Rio Grande. Mortgage (trustee, Central
Trust Company of New York) is for $5,000,000 a t $25,000 per mile on
road and equipment. See abstract of mortgage V. 51, p. 163, and
application to New York Stock Exchange in full in V. 54, p. 446. On
Aug. 1,1893, E. T. Jeffery was appointed receiver. V. 57, p. 218.
E arnings.—7 months, ( gross, $192,958; net, $90,917.
Jan u ary 1 to Ju ly 31, ( gross, 323,754; net, 133,083.
In year ending June 30, 1893, gross earnings, $710,218; net, $310,275; other income, $53,550; int. charges, etc., $279,752; balance, sur­
plus, $84,073. In 1891-92 gross, $491,607; net, $267,400; balance, sur­
plus, $127,400.—(V. 55, p. 463, 7 6 4 ,1 0 3 6 ; V. 57, p. 218, 1037.)
Rio Grande Western.— Map.)— ine op R oad—Owns uretSee
L
vasse, Col., to Ogden, Utah, 310 m , to Wasatch, Bingham, Coal Mines,,
etc., 51 m.; San Fete branch. Thistle to Manti, 61 m iles; Sevier Railway
(proprietary line—all securities owned), Manti to Salina, 26 m iles;
Tintic Range Ry. (proprietary line, all securities owned)—Springville
to Mammoth, a ud spurs. 52 miles; total owned, 500 miles. Leases Cre­
vasse to Grand Junction, 18 miles. Total operated, 518 miles, o f
w hi-h 2 miles owned jointly w ith Union Pacific. All the m ain line in­
laid with 65 lb. steel. Also owns 11 miles of tram ways.
H istory .—Formed in June, 1889, to succeed th e Denver & Rio
Grande Western, by plan of March, 1889, for widening gauge and re­
tiring old securities w ith new issues. See V. 48, p. 429; V. 52, p. 941.
Capital Stock .—Preferred stock is entitled to 5 per cent dividend,
non-cumulative, then common stock to 5 per cent, after which both
classes of stock snare pro rata.
D ividends .—Preferred stock—A dividend of 2 per cent in preferred
stock was paid February, 1891, and the first quarterly cash dividend
of lH per cent May, 1891; Aug. l it ; Nov., l i t . In 1892, 5 p e rc e n t;
in 1893,Feb., l l4 per cent; May, I I 4 ; August, l i t p. c.; inN ov. none.
See V. 58, p. 384.
B onds.—See abstract of mortgage (Central T rust uo., trustee) in V .
49, p. 237, and statem ent to New fo rk Stock Exchange in V. 50, p. 73.
In December, 1893, $1,200,090 fi-'st mortgage 4s were issued to fund
floating debt ($731,000) and for improvements. This m ortgage cover»
the 433 miles owned in fee, including 11 miles of tram w ays, but notthe Sevier Rv. securities nor the Tintic Range securities, both of which
issues are held as available assets in the treasury.
E arnings.—1 month, ) 1894, gross, $143,049; net, $44,713
July 1 to Ju ly 31.
5 1893, gross, $197,916 ; net, $85,025
F or year 1893-94 gress, $2,101,319; net, $724,305; surplus over­
charges, taxes, etc., $9,305, V. 59, p. 234.
Annual R eport .—Fiscal year ends June 30. A nnual m eeting is held
on fourth Monday in October. Full report for 1892-93 with balance
sheet, etc., was in V. 57, p. 920, 937, 939.
1893.
Fear end. June 30—
1890.
1891.
1892.
514
M ilea g e....................
387
407
512
Gross e a rn in g s...... .$1,622,234 $2,346,130 $2,643,924 $2,496,462
“ income ..
856,783
928,571
520,686
846,468Net
535,500
560,000
560,000
393,500
Interest on bonds.......
15,144
37,120
60,558
11,143
Rental, etc..... ............
255,369
312,398
312,416
Dividends ..................
Total paym ents.. $101,613 $306,013
$909,519
$932,974
$19,051 def.$86,506
B alance.................. $116,013 $50,770
-(V . 55, p. 100, 4 2 0 , 1 0 6 3 . 1 * 7 7 ,1 0 7 9 ; V. 57, p. 91, 894, 9 2 0 ,9 3 7 »
9 3 9 ,1 0 4 0 ; V. 58, p. 384; V. 59, p. 234.)
Roanoke Sc Southern.— Norfolk & Western .
See
Rochester & Genesee Valley.—
O wns from Avon to Rochester.
N. Y., 18 miles. Leased Ju ly 1,1871, in perpetuity, to Erie Railway.
Rental, $34,012. Jam es Brackett. President. Rochester, N. Y.
Rock Island Sc Peoria.—
Owns from Rock Island, 111., to Peoria*
111., 91 m iles; Rock Island & Mercer County Railroad, 22 m iles; total,
113 miles. The Peoria & Rock Island was sold in foreclosure April 4,
1877, to the bondholders. In year 1892-93 gross earnings w ere
$682,720; net, $279,144; surplus over interest, taxes, &c., $220,035;
dividends, 5 per cent, $75,000. In year 1891-92, gross earnings.
$759,208. Semi-annual dividends a t 5 per cent per annum have been
[paid. President, R. R. Cable.

116

INYESTOKS’ SUPPLEMEKT.




X

S e p t e m b e r , 1894.]

117

RAILROAD STOCKS AND BONDS,

S u b s c r i b e r s will confer a great favor by giving immediate notice of any error discovered in these Tables.

RAILROADS.

INTEREST OR DIVIDENDS.

Miles Date Size, or

Bonds—Princi­
pal,^When Due.

Amount R ate per When Where Payable, and by Stocks—L ast
P ar
of
of
Qnof colum n headings, &c., see notes Road. Bonds Value. Outstanding Cent. Payable
flrgt p age of taWe8>
Dividend.
Whom

wat ex olanation

For e x p ia i

Home (Ga.)—Mortgage for $ 2,000,000.................. o*
Rome Watertown < Ogdensburg—Stock, guar, (end.)
n
97
1 st M Wat. & R.,Rome to Cape Vin.,s.f. ,not dr’n.c*
45
Syracuse North’n, 1st M. Syracuse to Sandy Cr.c*
Consol. M. (int. but not prin. payable in gold). .c. AH
18
Oswego Bridge and Syr. Pb. & Os. 1st mortgages
13
Norw’d & Mont. 1st M., g., $360,000; $10,000p.m.
14
r W. & Og.Term. RR. 1st M., gold, assumed ...o*
28
Oswego & Rome, 1st mortgage, guaranteed..........
28
2d M., gold, guar p. & i. (end) by R. W. & O..o*
9
N Falls Br. RR. stk., ($243,000own. by R.W.&O.)
150
Utica & Bl. Riv. st’k,7 p. c. perpet. gu. by R.W.&O.
16
Clayton & Theresa 1st m ortgage....................... c
U. &B.R. 1st M., $2,000,000, g., gu. p. &i. (end.). c 134
2
Rupert &Bloomsb'g—1st M.gu.p. &i. (end.)P. &R. g. c*
R utland-Stock, preferred.......................................... 120
1 st mortgage (8 per cent, reduced to 6)............... c 120
2d mortgage and first on rolling stock................. c 120
First consol, mort. for $3,500,000, gold........ e*&r 120
67
Sag Tuscola &Huron—1st M., $15,000 p.m.,gold_c*
36
Saginaw Talley dt St. Louis—1st m ortgage........ c<fcr
St. Johnsbury & Lake Ohamplain—Common stock..
Preferred stock....................... ..............................
First mort., ($1,328,000, guar, by B. & M.)gold.c* 131
St. Joseph, eg Grand Island—Stock.................. ...........
igt mortgage, gold., interest guar, by U.P— ..c* 252
2d mortgage, income, gold....................................c* 252
Kan. C. & O. RR. IstM. ($15,000p.m.)g.,int.gu.c*&r 196
St. L. Alton < Spring,field.—S e e St . L ouis Chicago & St . P a
k
St. Louis Alton < Terre Haute—Common stock..........
£
Pref. stock (7 p. o. cum.), convert, into common.
Dividend bonds, income (V. 48, p. 389).................
14
is t M. and term ’l ($2,500,000), g., red, a t 105.c*<fcr

1890 $ 1,000

Ak
417,800
500.000
9.076.000
275.000
130.000
375.000
350.000
400.000
250.000
2.223.000
200.000
1.750.000
50,000
4.239.100
1.468.100
1,491,900
540.000
See text.
446.000
2,550,090
1,298,500
2.068.000
4.600.000
6.998.000
1.679.000
2.713.000

100 $ 10, 000,000

1855 100 &C.
1,000
1871
1874 1,000
1885
1886
1,000
1888
1,000
1865
1,000
1891

"1Ö0
’68-71
1873 500 &c.
1,000
1890
1,000
1889
100

1872 100 &c.
1878 100 &c.
1,000
1891
1,000
1891
1,000
1872
50
50
1,000
1894
100
1,000
1885
1,000
1885
1887 500 &c.
UL.

1881
1894

2.300.000
100
1,170,800
100
1.357.000
1,000
1,000 Sep.’94,none

5 g5 p e r an.
6
7
5
6 & 6 g.
5 g5 g.
7
5 g.
7 p er an.
7 per an.
7
Í g5 g4 per an.
6
5
4 ^ g.

i g-

F. & A.
Q .-F . N. Y., Gr. Cent. Station.
M. & S.
do
do
do
do
J. & J.
A. & O.
do
do
F. & A.
do
do
A. & O.
do
do
M. & N.
do
do
M. & N.
do
do
do
do
F. & A.
do
do
do
do
M. & S,
do
do
J. & J
do
do
J. & J
Philadelphia.
J. & J
J. & J Rutland, Clem. Nat. Bk.
M. & N Boston, Globe Nat. Bk.
do
do
F. & A
J. & J N. Y., U. S. Mort’ge Co.
M. & S
See text.
M. & N,

5 g. M.
ï g‘ M.
J.
l g5 g- J.

Feb. 1,
Aug. 15,
Sept. 1,
Ju ly 1,
Ju ly 1,
Feb. 1,
Apr. 1,
May 1,
May 1,
May 1,
May 1,
Sep. 29,
Ju ly 1,
July 1,
Ju ly 1,
Ju ly 2,
Nov. 1,
Aug. 1,
July 1,
Sept. 1,
May 1,

1920
1894.
1910
1901
1922
1915
1916
1918
1915
1915
189#
1894
1898
1922
1918»
1894
1902
1808
1941
1931
1902

& 8. Boston, Comp’ys Office. Mch. 1, 194#
& N. Nov., ’93, coup, last pd. May 1, 1925
Ju ly 1, 1925
See text,
& J.
& J. July, ’93, coup, last pd. Jan. 1, 1927

June 1
J. & D

See text.

Jan. 10, 1889*

New York.

June Ï , Ì914

H isto r y , G uaranty , E tc .—Successor of the St. Jo se p h # West., sold
Rocky Fork Sc Cook City.— e M iscellan eo us Co m pa n ies .
Se
in foreclosure in 1885. Operated by Union Pacific, which owns $2,301,R o m e W a t e r t o w n Sc O g d e n s b u r g .—(See Map New York Cen­ 500 of the $4,600,000 stock (par, $100), and guarantees interest on
tral < Hudson River Railroad.)—Owns from near Niagara Falls to first mortgage. Net “ accounts payable” Jan . 1,1894, $422,700.
£
Massena Springs, N. Y., 299 miles, less 28 miles, Richland to E ast
In January, 1892, a new adjustm ent was made with Union Pacific by
Oswego, leased from the Oswego &Rome RR.; Richland to Rome.41 miles; which $35,000 is deposited m onthly for interest on the 1st mortgagebranches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc., 109 m iles; bonds, and the St. Joseph & Grand Island is not responsible for more
total owned, 421 miles. Leases Utica & Black River Railroad, Utica to than half the interest on the Kansas City & Omaha bonds. As to in ­
Ogdensburg, and Clayton branch, 150 m iles; Oswego & Rome Railroad comes See V. 54, p. 79, 965. In Oct., 1893, the U. P. wenc into receivers’“
as above, 28 m iles; total, 599 miles. Also trackage— Niagara Falls, 2 hands, but coupons of this company due Nov. 1,1893, were paid Jan.,.
to
miles; Fulton to E ast Oswego (New York Ont. & Western, 12 miles.
1894. Coupons due May 1,1894, were not paid a t m aturity.
L ease .—In March, 1891, leased during its corporate existence • B o n d h old er s ’ Com m ittee .—F. P. Oicott, Chairman, 54 Wall St., N...
and renewals thereof to the New York Central & Hudson River RR. Y., Bernhard Mainzer, William L. Bull, of N. Y., and Gordon Abbott,.
Co., which assumes the debt and guarantees 5 per cent on the stock. Old Colony T rust Co., Boston, call for deposit of 1st mortgage bonds
For wording of guaranty see V. 52, p. 463. Stock increased $500,000 w ith Central Trust Co., N. Y., or Old Colony T rust Co., of Boston. De­
(to $10,000,000) in May, 1894. Earnings are included in those of the posits subject to penalty after Ju ly 31. In August, 1894, a m ajority of'
lessee.
the firsts had been deposited w ith this committee. V. 59, p. 291.
Div id en d s .—From 1887 to February, 1891, both inclusive, a t ra te of 6
K ansas C it y & Om aha bonds have interest guaranteed by St.
per cent y e arly ; March, 1891, 20 per cent in sto ck ; in May and th ere­ Joseph & Grand Island and Union Pacific under a perpetual agreement
after 5 per cent per annum guaranteed.
for operating the road. The Union Pacific owns $1,595,500 bonds and
B onds.—Utica < Black River is leased in perpetuity, interest on bonds $1,725,375 of the $4,410,000 stock of the Kansas City & Omaha,
g
and 7 per cent on stock being guaranteed. The first m ortgage bonds of and St. JoseDh & Grand Island owns $1,822,500 stock. Coupons due
1890 are guaranteed, p. and i., by the R. W. & O.; they are a first mort. Jan . 1,1894, on K. C. & O. bonds were not paid. K. C & O. bondholders’"
on 134 miles and second mort. on 16 miles. See V. 50, p. 771. In 1893 committee: F. P. Oicott, E. C. Benedict, Simon Wormser and 8. L. P a r­
$500,000 Utica & Black River firsts were issued to take up th a t am ount rish; depository, Central T rust Co., N. Y. V. 58, p. 1072.
of Black River & M orristown first 7s due Jan. 1,1894.
E arnings —7 months, ) 1894, gross, $466,346; net, $101,172".
The Oswego < Rome road is leased in perpetuity, and the second
t
Jan. 1 to Ju ly 31.
51893, gross, 576,945; net, 174,255.
mortgage bonds guaranteed by Rome W atertown & Ogdensburg. (V.
In 1893 gross earnings, $1,005,698; net, $337,912; o th er
53, p. 713, 793,1015 ; V. 57, p 1124; V. 58, p. 733.)
income (including guaranty account $145,888), $147,650; taxes, $64,R u t l a n d . —Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120 276; interest on bonds, $420,000; corporate expenses, $1,286; due
miles. This road has been through m any changes. L eased in 1890 Kansas Citv & Omaha under traffic agreement, $112,355: deficit fo r
for 999 years from Jan u ary 1, 1891, to the Central Vermont, the year, $112,355. In 1892, gross, $1,085,813; net, $416,517. V. 59, p. 291
rental now being $365,557 per annum; this will be increased as new
St. Louis Alton Sc Terre Haute.— Map.)—Operates the(See
equipment and other perm anent improvements are put upon the prop­
erty to $370,000 per annum, payable m onthly in gold. The net in ­ “ Cairo Short L in e ” route from St. Louis, Mo., across the coal fieldsof Southern Illinois to Paducah, Ky., w ith branches.
come will pay 4 per cent on the preferred stock now, and after the
funding of existing mortgages m ay pay 5 per cent. See V. 53, p. 124
Leased Lines—(Ooncl.)— Miles*
Proprietary Line—
Miles.
Stock .—The Delaware & Hudson owns $3,000,000 of the preferred E. St. Louis to Belleville, In d .. 15 St. Louis Southern—
,
and $1,000,000 of the $2,480,600 common stock, par $100. D iv id e n d s
Pinckneyville to Carbondale. 3 9
Leased Lines—
on preferred stock since 1880—In 1881, l 1 per cent; in 1882, 2 ; in Belleville & Southern Illinois—
^
Carbondale & Shawneetown—
1884 and 1885, 1; in 1886 and 1887, 1 ^ ; in 1888, 1; in 1889, He; in
Carbondale to Marion........... IT
Belleville to D uquoin...... 57
1890, 3; in 1891, 2 ; in 1892, 4; in 1893, 4 p. e.; in 1894, J a n , 2 p. c.: Belleville & Eldorado —
Chicago St. Louis & Paducah —
July, 2 p. c.
Marion to Paducah, e tc ....... 53
Duquoin to Eldorado........ 50
B onds.—The second mortgage is a first lien on rolling stock and per­ Belleville & Carondelet—
Total operated......................239
Belleville to E ast Carondelet. 17
sonal property. The consolidated m ortgage (trustee, U. 8. Trust Co.
of N. Y.,) is for $3,500,000, b u t of this $3,000,000 can be issued only
Organization .—Successor to the Terre H aute Alton & St. Louis
as prior bonds for like am ount retired.
sold in foreclosure in 1861. In October, 1890, the m ain line, 193
Annual R e p o r t .—The annual .report for the year ending June 30, miles, which had been leased to the Cleveland Cincinnati
1894, which w as in V. 59, p. 115, stated th a t $33,252 had been ex­ Chicago & St. Louis was sold to th a t company for $10,000,000 of 4 per
pended during the year for b ridges; “ cash borrowed tem porarily,” cent 100-year gold bonds. See below and V. 51, p. 52,114, 383, 494.
$204,246. (V. 55, p. 2 5 5 ; V. 57, p. 180; V. 59, p. 115.)
D iv id e n d s .—On preferred. In 1881, 3 p. c., and 55 in bonds; 1882 t o
S a g i n a w T u s c o l a Sc H u r o n . —Owns from Saginaw, Mich., to 1885,- 7 yearly; in 1886, 2 ^ ; in 1888, 1%; in 1889,1; none siaoe.
Bad Axe, 67 miles. Opened as a standard gauge road June 29, 18 >
1.
Stock and B onds .—The preferred stock has a prior right to a cumu­
Common stock authorized, $600,000; p a r $100. No first m ortgige
per
bonds had been sold to January, 1891, but the $1,000,000 i- sued w >ro lative dividend of 7Ju ly cent before any is declared on common and thearrears accrued on
1 , 1894, was 61% per cent.
held as collateral for the floating debt. Wm. L.Webber, Pres., Saginaw.
The sale of the main line did not affect the status of this company’s
E a r nings .—7 m onths,) 1894, gross, $65,659; net, $15,693.
securities. Of the $10,000,000 bonds received, $290,000 are in sink­
Jan. 1 to Ju ly 31. > 1893, gross, 73,380; net, 24,359.
ing fund for loan itself and $6,700,000 were issued for prior bonds m a­
In year 1893 gross, $125,729; net, $38,474; from quarries, etc., turing July 1,1894. There had been retired to Dec. 31,1893, $1,297,$4,208. In year 1892 gross, $123,765; net, $36,533.
600 of preferred stock and fra c tio n a l.
Saginaw Valley St. L o u i s . —Owns from Ithaca to Pains, Mici > The new first mortgage authorized in June, 1894, covers the com­
Sc
36 miles, and leases Alma to St. Louis and Pains to Saginaw, 9 miles; pany’s valuable real estate in St. Louis and the 14 miles of road ownedtotal, 45 miles. Opened January, 1873. Operated in connection with The bonds are redeemable a t 105 per cent on one year’s notice.
Detroit Lansing & No. Coupon due Nov. 1,1893, was purchased n o t ! A djustm ent o f S e c u r it ie s .—The p lan of the Board of Directors^
paid. Stock authorized, $300,000; outstanding, $264,804; par, $100.» dated June 15,1894, is as follow s:
The pref. stock is to exercise its right of conversion into commoa
E arnings .—7 months. ) 1894, gross, $49,245; net, $14,998.
stock, share for share, and will receive thereupon its arrears of ac­
Jan. 1 to Ju ly 31.
5 1893, gross, 55,581; net, 16,706.
crued dividends in cash, and, in addition, as a suitable equivalent fo r
Deficit under 7 m onths’ charges, $9,900 in 1891, against def., $8,192
in 1893. In 1893 gross, $92,554, against $94,063 in 1892; net, surrender of its preferential rights, 110 per cent in p a r value in th e
$27,517, against $24,272; other income, $1,604; charges, $42,680; 4 per cent gold bonds C. C. C. & St. L. Ry. Co., St. Louis Div., (subject!
to an option of purchase now held by bankers) or an equivalent of
deficit, $13,559, against deficit of $16,907 in 1892.
be hereafter agreed
St. Johnsbury Sc Lake Champlain.—
Owns from Lunenberg value to dividend bondholdersupon.
The
in exchange for the surrender
Vt., to Maquan Bay, on Lake Champlain, 120 miles, and branch from of“their bonds and transfer of to acceptsame to this company, 100 per­
North Concord, Vt., to E ast Haven, 11 miles; total, 131 miles. Reor­ cent of their par in the said 4 title to
per cent bonds of the 0. C. 0. & St. Lganized in 1880. The road is operated independntly althougn a major­
ity of the stock is owned by the Boston & Lowell, which is now leased Ry. Co. (subject to an option of purchase now held by bankers) or a n
equivalent of value to be hereafter agreed upon.
to the Boston & Maine.
“
either case, upon m itual agreement
The new lirrts were issued to retire prior bonds and other obliga­ thisIno., a satisfactory equivalent in cash orbetween the holders and
<
securities m ay be substi­
tions ; am ount authorized, $2,500,000 ; issued in March, 1894, $2,068,- tu ted for the C. C. C. & St. L. bonds or the arrears of cash dividend.”
000. of which $1,328,000 are guaranteed by the B. & M. In year
The new first mortgage was authorized in Ju n e and the plan carried
ending June 30,1893, gross earnings were $367,338, against $391,468
follow s:—
in 1892; deficit, $39,736, against $13,511; interest, &c., $53,790; deficit o u t asAccrued dividends on preferred stock (being 61% p. o. to July l h
(1.)
under charges, $93,526. Total deficit to June 30,1893, $614,704.
1894) to be paid in cash, am ounting to $722,969.
(2.) Preferred stock, $1,170,800, to be converted into common stook
St. Joseph Sc Grand Island.— Map o f Union Pacific.)—
(See
L in e o f R oad —St. Joseph, Mo., to Grand Island, Neb., 251 miles; Kan­ a t par, and to receive in addition 110 p. c. in C. C. C. & St. L., (St. L.
sasCity & Omaha Railroad, Stromsburg to Alma, 150 miles and McCool div.) 4s a t par.
(3.) Dividend bonds, $1,357,000, to be exc’g’d fo r St. L. div. 4s a t p a r.
Junction to K ansas City & Omaha Junction, 44 miles; total, 445 miles.




118




IN V E ST O R S’

STTPPT/EMENT

RAILKOAD

S
eptem
ber1894. J
,

STOCKS AND

119

BONDS.

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.

Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.Miles D ate Size, or
Amount
P ar Outstanding R ate per When Where Payable, and by Stocks—Last
of
¿ T T ^ ia n a tlo n of column headings, &c., see notes of
For e x p i a i 0n ftpgt page of tables.
Whom.
Dividend.
Payable
Cent.
Road. Bonds Value.

& T0uis Alton < Terre Haute—( Concluded.)—
£
°

l e a se d

L in e s .

57
Belle & So. 111.—1st M. (int.guar.) s. f., not dr’n.c*
17
Belleville & Carondelet, 1st M.,Belle. toE. Caron. c*
51
Belleville & El Dorado—1st (int’est guaranteed) c*
51
2d mortgage, Du Quoin to Eldorado...............c*
30
8t Louis Southern—1st mort., gold, int. g u a r.. .c*
30
2d M inc., non-cum., Pinckneyv. to Carbond.c*
17
Carbondale & Shawneet’n IstM ., g.,int. guar.c*
53
Chic St.L.& Paducah 1st M., g.,red a t 105 guar.c*
53
2d M g., inc. (non-cum.) Marion to Pad.& br.c*
161
st Louis dt Cairo—1st M., gold, int. guar. M. & O..C
St Lou Cape Oirard’u & Ft. Smith—Old dlv. bonds
94
Cane Girardeau S.W. consol, m ortgage.......... gold
65
Arkansas Extension lstm o rtg ag e, gold...c*&r
St Louis Chic, a St. Paul.—Eec’rs’ cert. ($400,000)
lstm ortgage, $1,250,000 gold.............................c 102
20
St Louis Kennett < Southern.—1st mort., gold...c*
&
St Louis Merchants’ Bridge Terminal.—1st m ort. .c
Merck Bridge 1 s tM.,recLafter F eb .l, 1909, at 110 . . . .
St L. < San Fran.—Bee Atchison T. < S. Fe system
&
&
si Louis Southwestern—Common stock.................. .
Preferred stock (5 p e r cent non-cumulative)........
1st mort. certificates, $16,500 p. m., gold........c' 1,222
2d M.income cert., $ 10 ,000,000,non-cum., gold.c’ 1,222
Car trusts July 1,1893 .................................... .......
St Louis Van. d TerreH.—1st M., guar. s.f. not dr.c* 158
2dmort., sink, fund, not dr’n ($1,600,000 guar.) .e* 158

A. & O. N. Y., State T rust Co.
8
1866 $ 1,000 $1,009,000
do
do
6
J. & D.
1883
1,000
485.000
do
dG
7
J. & J.
220.000
1880
1,000
F. & A. Pd.in’91,coup. Feb..’80
6
1,000
330.000
1880
1,000
d g. M. & S. N. Y., State T rust Co.
550.000
1886
do
do
M. & s.
5
525.000
1886
1,000
do
do
4 g. M. & 8.
1,000
250.000
1887
do
do
1,000
1,000,000
1887
5 g. M. & S.
1 , 000,000
1887
1,000
5 g. M. & S. Paid l% p.c. Nov.,1893.
1886 50Ó &c. 4.000.
000 4 g. J. & J. N. Y., Farm. L. & Tr. Co.
In default.
130.000
1880-5 1,000
6 g. M. & 8.
In default.
889.000
1,000
6 g. M. & 8.
1888
In default.
10,000
1890
1,000
6 g. J. & J.
225.000
1893
In default.
1892
1.250.000
1,000
6 g. M. & S.
St. Louis, Mo.
6 g. F. & A.
1,000
135.000
1891
A. & o. N.Y.,F’rsL.&Tr. &St.L.
5
1890 50Ó &c.
(?)
F. & A. N. Y., Farm . L. & Tr. Co.
2.000.
000 6
1889
1,000
100
100

1890
1,000
1890 500 &c.
1891 various
1,000
1867
1,000
1868

Oct. 1, 189»*
June 1, 1923
Ju ly 1, 1910
Aug. 1, 1920*
Sept. 1, 1931
Sept. 1, 1931
Mch. 1, 1932
Sept. 1, 1917”
Sept. 1, 1917
Jan. 1, 1931
Sep.1900-1-2-»
Sept. 1, 1908
Jan., 1910
Sept,
Feb.
Oct.
Feb.

i,
1,
1,
1,

1912;
1921
1930s
1929'

Nov.
Nov.
1893
Jan.
May

1. 1989
1, 1989
to 1898»
1, 1897
1, 1898

16,500,000
20,000,000
20 , 000,000

8,000,000
714,340
1.899.000
2.600.000

4 g. M. &Tn . N. Y., Central T rust Co.
d g* J. & J. A fter ’90, when earned.
various N. Y.,Central T rust Co.
j . & J. N. Y., Central Trust Co.
7
do
do
M. & N.
7

6&7

Under the abo ve plan the only securities outstanding will be —
Capital
stock, $3,470,800; 1st m ortgage bonds, $2,500,000.
St. L. Alt. & T. H. dividend bonds are not entitled to receive anything
for principal or interest until all arrears of dividend upon the preferred
stock and other prior legal claims shall have been adjusted, and sur
plus annual earnings rem ain applicable to such dividend bonds.
Leased L in e s —Belleville < So. Ilhnois is leased for 999 years—rental
£
40 p. c. of gross earnings up to $7,000 per mile (except on coal, &c.),
30 per cent above $7,000 and Up to $14,000 per mile, and 20 p er cent
on any excess of $14,000. Interest and sinking fund guaranteed.
Common stock of Belleville & Southern Illinois is $417,000 and pre­
ferred $1,275,000, and dividends on preferred stock have been since
2836—634 in 1887; 6 % in 1888 and 1889; in 1890, 825 ; in 1891, 8-53;
in 1892, 8; in 1893, 8 per cent; in May, 1894, 4 per cent.
The Belleville d Carondelet is leased for 983 years from Ju n e 1,1883,
at a rental of $30,000 per year, which is a guarantee of interest on the
bonds, the stock of $500,000 being owned by the St. L. Alt. & T. H.
The Belleville d Eldorado is leased for 985 years from Ju ly 1,1880,
at a rental of 30 per cent of the gross earnings, b u t $15,400 per year
guaranteed. Stock, $1,000,000; par, $100. The St. Louis Southern
Railroad (including Carbondale d Shawneetown) is leased for 980 years
for 30 per cent of gross earnings, minimum to be $32,000, and interest
on bonds being guaranteed to th a t extent. Stock $500,000 (par $100),
fisted in New York in Dec.'. 1892. Dividends p a id : In 1892 to 1894, in­
clusive, 5 p. c. vearly in March. In year 1892-93 ren tal was $80,156,
against $75,384 in 1891-92. The Chicago St. Louis & Paducah is leased
for 978 years from March, 1888, a t 30 per cent of gross earnings, with
guarantee of principal, and rental to pay first mortgage interest. (V.
47, p. 801.) The first mortgage bonds on this road are redeemable aftei
September 1,1892, a t 105. In March, 1892, 2 per cent was paid on
second mortgage incomes, and Nov. 2 9 ,1 8 9 3 ,13 per cent.
4
General F inances .—On July 1,1894, the $6,700,000 of 7 per cents
matured and were paid. When the plan given above is carried out
the C. C. C. & St. L. bonds rem aining m the treasury of the company
will be available for im provem ents, etc.
Company owns $500,000 Belleville & Carondelet stock, $900,000 Ch.
St. L. & Paducah stock and $500,000 of the la tte r road’s income bonds.
E arnings .—6 months, > 1894, gross, $617,081; net, $242,059.
January 1 to June 30, S 1893, gross, $786,010; net, $297,592.
Annual R e p o r t .—Fiscal year ends Dec. 31. Annual meeting is held
at St. Louis first Monday in June. Report for 1893 was in Y. 58, p. 681.
1890.
1891.
1892.
1893.
Year ending Dec. 31.
Gross earnings............. $1,336,910 $1,435,624 $1,531,861 $1,553,975
527,767 580,956
586,079
583,730
Net earning..................
417,282
426,932
Rentals paid................. . 362,149 393,911

Sept., 1893, coupon was not paid. Receivers’ certificates for $400,000*
have been authorized, of which $225,000 issued to Feb. 1,' 1894.
S tock outstanding, $2,000,000—p a r $100. B onds —The first m ort
gage trustee is the A tlantic T rust Co. E arnings —In year 1892-93
gross, $92,583; net, $301. In year 1891-92 gross, $135,467; net,.
$29,563. (V. 55, p. 100; Y. 56, p. 1016.)
St. Louis]Iron Mountain &Southern.—M isso u r i P a c ific
Se e
St. Louis Merchants’ Bridge Terminal.—g anization .—
Or
Organized to construct a double-track railroad in the city of
St. Louis, extending from near the Union Depot on 12th Street, via M ain
Street, H all Street, &c., to F erry Street opposite the Merchants' Bridge,.
7 miles. I t owns and controls the Electric City & Illinois RR., connect­
ing the tow n of Madison and E ast St. Louis, 8 m iles; and leases th e
Venice & Carondelet B elt RR., which forms an outside belt round E ast
St. Louis, 10 m iles; total, 25 miles. I t leases the Merchants’ Bridge,,
agreeing to pay the interest on the Bridge Co’s $2,000,000 bonds.
B onds , E tc .—The mortgage of 1890 is for $3,500,000 to the St.
Louis T rust Company, as trustee. Both issues of bonds are subject to*
call after 20 years a t 110 and interest. Stock authorized, $3,500,000;
par, $100. In November, 1893, Term inal RR. Association of St. Louis
acquired control of this company and guaranteed by endorsem ent the
principal and interest of its $3,500,000 first mort. bonds and the inter­
est on the $2,000,000 Merchants’ Bridge first 6s. The properties w ill
be operated jointly.
St. Louis& San Francisco.—e A tchison T o pe k a & Santa F e Se
St. Louis Southwestern.— extends from Bird’s Point, Mo.
Road
opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesville, 305 m iles; total, m ain line. 723 m iles;
branches, Mt. Pleasant to Sherman, 110 m iles; Tyler to Lufkin (narrow,
gauge), 88 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
F ort Worth, 97 miles; Lewisville. Ark., to Shreveport, La., 60 m iles;
Altheimer to L ittle Rock, Ark., 42 miles; Malden, Mo., to Delta, 51
miles; other branches, 12 miles; total, July, 1893,1,223 miles. Of the
m ain line, 132 miles are laid with 35 lb. steel rails, rem ainder 56 lb.
O r g a n i z a t i o n .—Reorganization per plan in V . 5 0 , p. 1 4 1 , 5 6 1 of the-'
St. Louis Arkansas & Texas, sold in foreclosure in October, 1 8 9 0 , thesame property having been previously foreclosed in 1 8 8 5 - 8 6 . Consistsof three corporations—the St. Louis Southwestern Railway Co., the St.
Louis Southwestern Railway Co. of Texas and the Tyler Southeastern.

Net revenue................ $165,618 $187,045 $168,797 $156,798
Add rental m ain line, etc. *440,412 *368,135 *351,573 *343,528

The incomes are entitled to such interest up to 4 per cent per annum,,
as can be paid out of n et earnings of the railways during the preceding
fiscal year, after paym ent of operating expenses, repairs, renewals, re­
placements, taxes, insurance and interest on prior liens. The issue of
these certificates m a y b e increased up to $ 10 ,000, 000, subject to re­
strictions in the mortgages. Up to July, 1894, no second m ortgage
interest had been paid.
Ju ly 1,1893. to tal floating debt $1,003,149, including $270.131 bills
payable. There are some St. L. Ark. & Texas car trusts outstanding..
Current assets, $968,356, including, a t par, $500,000 St. L. S. W. firsts*
in treasury and $221,236 m aterials and supplies on hand.
E arnings .—3 months, 51893-94, gross, $3,714,179; net, $726,295.
Jan. 1 to March 31, (1892-93, gross, $3,994,161; net, $819,783.
A nnual R epo r t .—Fiscal year ends June 30. Annual m eeting is heldl
a t Texarkana, Texas, on the Monday preceding first Wednesday in MayReport for 3892-93 was in V. 57, p. 592, showing earnings as follows,,
the road having been in the hands of the receiver until May 20,1891..
In the operating expenses are included in 1890-91 $1,089.160 for bet­
term ents, against $129.267 in 1891-92 and $182,665 in 1892-93.
Year ending June 30—
1891.
1892.
1893.
1 999
-« ooQ
1,222
Miles operated..........
$4,636,461
$5,116,080
$4,323,656
Gross earnings........
4,849,654
3,824,294
4,281,833
Operating expenses

Total n et receipts
$606,030
Interest, funded debt, etc. 479,608

$555,180 $520,370
469,000 469,000

$500,326
469,000

Balance, surplus............. $126,422
New eq’pt. and bet’ments. $136,388

$86,180
$161,505

$31,326
$26,137

$51,370
$49,009

* Including interest on Big Four bonds.
-(V . 54, p.524, 7 2 0 ; V. 56,p. 5 0 0 , 577,980,1084; Y.58, p. 6 8 1 , 716,
1073.)
St. Louis Arkansas & Texas.— St . L o u is S o u th w e st e r n .
Se e
St. Louis& C a ir o .—(See Map Mobile d Ohio.)—Owns Cairo to E ast
St. Louis and branch, 161 miles. Reorganized after foreclosure July,
1881. Stock is $6,500,000. Leased from Jan., 1886, till Jan. 1,1931, to
the Mobile & Ohio RR.—rental of 25 per cent of 150-640ths of the gross
revenue of the whole line, Mobile to St. Louis, this rental being guaran­
teed by the lessee to am ount to $165,000 per year. In year ending June
30,1893, gross, $890,877; net, $241,262 (against $166,749 in 1891-92),
rental to St. Louis & Cairo, $183,093. Rentals in 1891-92, $185,790.
St. Louis Cape Girardeau & Fort Smith.— from Cape
Owns
Girardeau, Mo., to H unter, Mo., 94 m iles; leases branch to Zalma,
9 m iles; to ta l operated, 103 miles. Successor in 1891 to Cape G irar­
deau Southw. March 4,1893, Louis Houck w as appointed receiver, b ut
litigation re arding his tem oval is pending. Stock authorized, $2,000,000; outstanding, $1,150,000; par, $100. A general mortgage for $7,:
500,000 was authorized. There are also outstanding $150,000 7 per
cent incomes. Cape G. & S. W. consol. 6s have been deposited w ith U.
S. Mortgage Co., whose receipts have been issued therefor. From
March 5 to Dec. 31,1893, gross, $121,504; net, $16,363. In year 1892
gross earnings, $145,908; net, $29,422. In 1891, gross, $174,612. (V.
54, p. 4 4 1 ; V. 56, p. 465, 974.)
St. Louis & Chicago.—e N o r th & So u th I l l in o is .
Se
St. Louis Chicago & St. Paul.R oad —Owns from Springfield»
—
111., to G ranite City, HI., 103 mile*; branches to Bates, 3 miles, and to
Grafton, 8 miles. Connects a t E ast St. Louis w ith Term inal Ry. Asso­
ciation for St. Louis, etc. Successor to the St. Louis Alton < Springte
field sold in foreclosure Ju ly 9, 1892. In June, 1893, Charles E.
Kimball and Joseph Dickson of 3t. Louis were appointed receivers.




B onds .—The first m o rtg ag e certificates a re issued a g a in st a likeam o u n t of first m o rtg a g e bonds secured up o n th e c o n s titu e u t lin es a t •
a r a te n o t exceeding $16,500 p e r m ile, a n d th e second m o rtg a g e certifi­
cates a g a in s t second m o rtg ag e bonds a t $8,250 p e r m ile.

Net earnings................. def.$525,998
Total net, incl. other inc...
............
Taxes .................................
............
Interest on bonds...............
............
Rentals, e tc .........................
............

$812,167
$937,268
107,326
800,000
10,248

$834,247
$903,383
109,650
800,000
40,117

............
$19,694
def.46,384
Balance, surplus..........
—(V. 54, p. 34, 846; Y. 55, p. 463, 587; V. 57, p. 5 9 2
St. Louis Vandalia & Terre Haute
.—(See Map Pittsburg Cin­
cinnati Chicago d St. L .)—E ast St. Louis to Ind. State line, 158 miles.
L ea se .—Leased for 999 years from 1870 to Terre H aute & Indianap.
RR. (jointly w ith Pitts. Cincinnati Chicago & St. Louis) a t rental of 30
per cent of gross earnings—
profits and losses assigned to lessees in
proportion of five-sevenths to P ittsburg Cin. Chic. & St. Louis and
two-sevenths to Terre H aute & Indianapolis. V. 54, p. 846.

130

INVESTORS’ SUPPLEMENT.
RAILROADS.
on first page of tables’

INTEREST OR DIVIDENDS
Miles Date Size, or
uonds-Prim fi
Amount
of
of
P ar
When
Outstanding R ate per jPayable Where Payable, and bv pal, When Due.
Road. Bonds Value.
Stocks—Last
Cent.
whom.
Dividend.

St. Paul A Duluth—Common stock.

— - X
---------- « *V W X / OUM U KJ l O M
* * I, V iJL
J. U J J_ IV aiJ
O

1st m ortgage.................. , .............................
o' 167
'2d m ortgage............... .........................
167
Taylor’s Falls & Lake Sup., 1st M. gu., s. ¿.’not dr*o’
21
D uluth Short L. 1st M, guar.,p.&i.,s.f. not dr’n .c ’
25
Stillwater & St. Paul 1st mort., g. (not guar)........
12
•St. Paul Minn. A Manitoba—See G reat Northern—
Bt^Paul A No.Pacific—Stock($10,000,000) authoriz’d 184
w estern RR. Minn. 1st M. RR. covered by gen. M 60^2
G eneralm ortg., guar., land gr. ($10,000,000).o*&i 182
San Ant. A Aransas Pass—Stock..........................
___
■~ 7 v v v q.f ^ uuu. • ¿»i ub x*
r w
/ -V O
> tiJ
689
tsandusky A Columbus Short Line.—Se e Colum bi !! Shaw
Sandusky Mansfield A Newark—Re-organized stocl 116
lstM .,int. gu.underleasebyB.& O.and Cent.O.. c’ 116
San Francisco A North Pacific.—Stock....................
Ì65
80
•Saratoga A Schenectady- Stock.............................
Savannah Americas A Montgomery—Stools. '............ . . . .
Am. Pres. & Lumpkin 1st M. ($Ì00,000 dueÌ905)
Consol. mort. $4,100,000,gold, $12,000per mile.c* 265
.Second m ortgage..........................
265
Alb. Flor.&Nor. 1 st M., gold, $12)000 p’.m .,guàìne*
35
Montgomery Term inal Co. 1st m ort., gold, guar.e . . . .
Savannah Florida A Western—Stock.......................... . . . .
A tlantic & Gulf consol. m ortgage... .........
347
fio. Ga. & Fior.. 1st Ms., end by State of Georgia'.o*
58
c
2d mortgage...........................
58

$100 $4,660,207 See te x t
N. Y., Of., 32 Nassau St,
....
100
4,792,325 See text, M. & S.
do
do
1881
1,000
1,000,000
5
F. & A.
do
do
1887
1,000
2,000,000
5
A. & O.
do
do
1884
1,000
210,000
6
J. & J.
do
do
1886
1,000
5
500,000
M. & S.
do
do
1870 500 &c.
224,000
7
J. & D.
do
do
100
7,000,000 6 per an. Q.—F. All o wned by No. Pac.
1877
1,000
438,000
7
M. & N. N. Y., Office, 35 Wail St.
1883
1,000
7,985,000
6 g. See rem.
do
do
....
100
4,800,000
1893
1,000 18,817,000
i g- J. & "j. N. Y., Cent. T rust Co.
NEE & H ockin G.
___
50
1,068,400
Feb. 1. Muss N. Bk., Sand’ky, O,
1869
1,000
2,300,000
J. & J. N. Y., Union Trust Co,
___
100
6,000,000
1889
1,000
4.162,000
5 g- J. & J. N.Y.,46Wail,& F r’nk’frt
1892
1,000
2,000,000
5 g- !M. & S. N. Y., Merc. T rust Co.
___
100
450,000
N.Y., Del. & Hud. Canal
___
100
1,614,200
1885-6
500
250,000
7
J. & J.
1889
1,000
3,350,000
6 g. J. & J. July,’92. coup, last paid
1891
1,000
1,590,000
6 g- A. & O.
None paid.
1890
1,000
500,000
& J.
6 g.
1892
1,000
208,000
6 g* M. & S. Balt., Hambleton & Co.
100
6,793,900
text,
N.Y.,H.B.Plant,12W.23
1867 500 &c. 1,780,500
7
J. *& J.
do
do
1869
1,000
464,000
7
M. & N.
do
do
1869
1,000
200,000
7
M. & N.
do
do

p e r cent cumulative pref.; p a r $100. The Terre H aute & Indian­
apolis owns $326,000 preferred and $500,000 common stock, the Pennayivam a RR. $837,0°0 preferred and $225,000 2d mort. unguaranteed
Z«/ia ffiQQ^nrtenilsJ lYaiiia Company, Ju ly 1,1892, $1,350,000 common
a n d $381,700 preferred. In 1891 and 1892 back dividends on the
©referred were paid for 1879 to 1884 inclusive.
Th? flrs! m ortgage and $1,600,000 of second mortgage
H
a^® endorsed by lessees, and also by Pittsburg Cincinnati ! I t.
Fitts. Cm. Chicago & St. Louis RR.), w ith agreem ent to
purchase the bond and its coupons as they m ature. See V. 56, p. 649.
endingO ct. 31, 1S93, gross $1,884,746; net,
$536,952, rental to St. L. V. & T. H., $565,424; expenses, $60,949; car
S?S
ltsqai q 4 n* i l i ^ « l 9 ; ^ ltere8i on b9nd8’ $314,930; balance, surplus?
t
mBiih9Iq9 3^ ln K 1,866^ Ge^ ra l surplus Oct. 31, 1893, $458,999, of
Q
which $235,205 was due from lessee, $191,032 represented by new
3? ’7,6^ cash- Proflt t0 lessee in 1889-90,
1^i2’43j?i> j ? 1391-92, $37,598; loss to lessee in
1892-93, $28,472. (V. 54, p. 2 8 6 ; Y. 56, p. 460.)

p .ai11 * Duluth.—
Owns St. Paul, Minn., to Duluth, Minn., 155
m iles, branches, 29 miles; leases—Stillwater & St. Paul RR., 13 m.:
RB;>13 m,; Taylor’s Falls & Lake Superior, 20
Duiuth
Line, Thomson to West Superior, 18 m .; total, 248
iwhf+n S
oi50nn track - 47 miles, Ju ly 1 , 1893. Between Carlton and
PplotU ’ 24 miles, road is owned jointly w ith the Nor. Pacific, but of th is
“ ¡dof between Thomson and West E nd is but little used, the D uluth
S h o rt Line affording the St. P. & D. access to Duluth.
H istory .—Sold in foreclosure May 1,1877, and reorganized.
C apital Stock .—From the earnings of the railroad the preferred
«toek has a prior right to 7 per cent yearly, then common to 6 per
-cent, any surplus going to retirem ent of preferred. The preferred
stock is also received In paym ent for lands a t par, and is entitled to
receive from land sales any p a rt of its 7 per cent dividend yearly for
^ m c h railroad earnings do not suffice. The preferred is subject to
« a n a t p a r for redem ption w ith land sales, „fter drawing bv lot, if not
purchasable below par in the open m arket, the sums applied to its re
demption and retirem ent being as follows: In 1891 Si 82 coo • i qqo
$ 2 2 j 00° ; 1893, $165,000. Y. 5f , p. 6 1 T h re e shares ofco ^m o ii stock
have one vote and each share of preferred has one vote.
D ividends .- O n common stock: In 1887, 3 and 15 in com. stock; none
^ V
^ rrf/e ^ l ^ cK
e,1833 : 4n 4884>313 and 7 ln Pref. stock from
T^^iacM March, 2*2 p. c.; ; m 2*2 p. c.
™’
I n 1894, 8 7 V1^,^889’ 5^Sept., 1890’ 6^> 1111891* ’92 and ’93, each 7
R ands.—The company has a land grant, of which 1,093,180 acres re
m am ed unsold Ju ne 30,1893, and 61,455 acres of the Taylor’s Falls
Vo3™?? £ran4‘ I a year 1892-9 3 sales from company’s gran t were
wmvm $141,046 from stumpage); n e cash receipts $168,329.
which44!i^ri6o i 2 rf ^ 76’6^ 2’ and grosat casl1 receipts, were $193,000 (of
E a rnings . - 1 month, ( 1894, gross, $123,612; net, $44,976
Ju ly 1 to Ju ly 31.
( 1893, gross, 151,841; net, 38,035
_ A nnual R e p o r t .—Fiscal year ends June 30. Annual m eeting a t St
Paul secondThursday in October. Report for 1892-93 in V. 57, p 594
F or year 1893-94, gross, $1,513,393; net, $463,869,
,P
Tear ending June 30—
1891.
1892.
1893
o ^ « amillS8 ............W .............$1,621,939 $1,934,510 $2,105,275
O perating expenses and taxes ... 1,071,192 1,291,924
1 )495 ,807
Net earnings.......... ................
$550,747
$642,586
$609,468
Total net incom e................... „ $575,893
$678,987
$676,738
R entals paid......................... .........
$93,548
$96,497
$111,829
In tere st on bonds..........................
150 000
150,000
150,000
Dividends..............
(6^)348,749 (8) 423,001 (7) 355,043
Miscellaneous................
31,900
69,394
68,826
Balance from RR.operations.def.$48,304 def.$59,906 def. $8,960
■Beets, from stumpage and lands. $249,546
$75,207
$ 168,329
—(V. 53, p 157, 5 67; V. 54, p, 276; V. 55, p. 6 7 7 ; V. 57, p. 61, 594.)
& N o r t h e r n P a c if i c .—R oad—
Brainerd to St. Paul, 148
m ile s, L ittle Falls to Staples Mills, 34 m iles; total, 182 miles. Owns
term inals m Minneapolis on 20 acres, and some 400 acres about St
Paul and Minneapolis.
+JL? n 8E'~~:Leafle d i or 999 years to Northern Pacific, a t net rental equal
™ 49 i 61- cent of gross receipts, but any surplus over 6 p. c. on stock
^v id e d equally between lessor and lessee. In Nov., 1893, the Court
authorized the N. P. receivers to ratify the lease and to pay the rental
8TO? n .- T h e stock of $7.000,000 is all owned by Northern Pacific
a n d pledged under its collateral tru st of 1893.
_ .®ONi ,8l ~ Tll6 bonds of 1883 are guaranteed by Nor. Pac. See V. 56. d .
m i l in terest o n coupon bonds is payable F. & A.; on registered, Q._F
The f^)L gi)aid:. i 478,998 acres unsold May 1,1893,) is between Bram erd
\F^+S TWTto^ia?la8i,«rACe+K8
West, Minnesota bonds, then to lands are flrst applied to purchase of
general mortgage a t not exceeding 120
• O A - m ^ ^ - r ^ n ^ n o i 891'? 2^ 088’ $2,266,416, against $2,110,926 in
90-91, net, $1,070,936, agst. $1,024,058 in ’90-91. (Y. 56)p. 289,649.)




IVol Lix-

July
Sept.
£ug.
Oct.
Jan.
Sept.
Dec.

5,
1,
l,
1,
1,
1,
1,

1887
I 894
i 931
1917
1914
19i 6
1900

See text.
May 1 , 1907
Feb. 1 , 1923
Jan." i’,’ 1943
Feb. 1 , I 894
Jan. 1 , 1909
JanJ 1,1919
Sept. 1, 1942
1905 & 1906
July 1 , 1919
Oct. 1, 1921
July 1, 1920
Mch. 1 , 1932
Jan. 11, 1894
July 1 , 1897
May 1, 1899
May 1, 1899

.,« u a . h u u i u ac A r a n s a s j r a s s .—(See Map So. Pacifie I_Own a
£n Kem dUe to Houston, 308 miles.; Kenedy to Corpus Christ!, tI x
°™
90 m ile s, Yoakum to Waco, 172 m iles; Skidmore to Alice 4 3 m ile s ’
Shiner to Lockhart, 54 miles; branches, 22 miles; total, 689 miles.
S’
H is t o r y .—Reorganized in 1893, managem ent passing to So. Pac.
Sto c k . Stock $5,000,000, of which So. Pac. Co. owns $2,000 000
i a f o r $21,600,000 (trustee, Central Trust Co)
and tke So. Pacific Co. by endorsement on each bond guarantees uiiOfnt1 î e « 9i U in n pu actaal paym ent of the principal and interest“ ’
finn
Of tiie $:21>^p0,000 authorized, $17,100,000 was to be used in the reorganization, $1,800,000 to be applied to improvements and equipment
P o s e n t mileage and $2,700,000 reserved for extensions, limited
J0,.499 mfies a t $27,000 per mile, constructed and equipped. See
M «djstrâct of mort. m V . 56, p. 540. Listed on N. Y. Stock Ex., $18 .
817,000 to Sept. 17,1894. E quipm ent tru sts Ju n e 30,1893, $622,904
E a rnings .—6 months, C 1894, gross, $681,352 ; net, $38,444’
Jan. 1 to Ju n e 30.
\ 1893', gross', "853)256; net) ^79)206
In calendar year 1893 gross earnings, $1,881,551, against $1 689

ll§;

I t , 1036! T- 56- *

S a n d u s k y & C o l. S h o r t h t n e . —
See C olum . Savdusky & H ock.
S a n d u ^ y M a n s f ie ld & N e w a r k . —Owns from Sandusky, O., to
Newark, O., 116 miles. Leased to Central Ohio, guaranteed by Balti53PF® $ Ohio, Feb. 23,1880, till Dec. 1,1926, w ith option to the Balt. &
reae^ J ° ,r 4611118 of 20 years each. Rental is $201,850
ih e Baltimore & Ohio s guarantee of interest is endorsed on the bonds
i
1881!° 1884>2 P- c-; 1885 to 1888, 3 p. e.; 1889 to
189*, inclusive, 3*2 per cent yearly; in 1893,3 p. e.; in 1894, Feb., 3 p. o.
111 1892-93 gross, $948,462; net, $194,127; loss to les­
see, $8,723. In 1891-92 gross, $1,032,207; net, $199,128.
n5ia , i ^ r a iic ls c o / i N o ri l1 P a c if i c ,—Point Tiburon, Cal., to Ukiah,
OSi’A 10d mil6s, and branches, 59 miles. Consolidation of March 19.
1889. H as steam er connection (6 miles) w ith San Francisco.
Stock is $6,000,000. (See V. 56, p. 165, 375.)
B onds .—Issued a t $25,000 per mile; trustee, Mercantile Trust Co.,N Y
i uild’ f 2
J?’°.9P Per annum, and bonds drawn a t 110 and interest.
[Mort. abstract V. 49, p. 241.] Bonds canceled to June, ’93, $102,000.
L atest E arnings . —
From Ju ly 1 to Aug. 31 (2 months).
2 Months.
. Cross.
Net.
Int.chgs. Bal.,surp.
4894......................$167,465
$75,538
$33,467
$41,071
1893...................... 158,075
58,983
34,686
24,297
Aiwual R eport .—Fisca,1 year ends Ju n e 30. Report for 1893-94 in
V. 59, p. 228, states th a t no expenditures have been charged to capital
Tde gross earnings were $808,336, against
$876,277 in 1892-93{; _net, $265,396, against $297,015 ; surplus over
charges, $22,035, against $61,745.—(V. 53, p. 1 8 6 ; Y. 55, p. 3 1 4 ; V.
56, p. 165, 375; V. 57, p. 2 5 4 ; V. 59, p. 22 8 .)
S a n t a F e P r e s c o t t de P h o e n i x . —Projected from Ash Fork on
A tlantic & Pacific via Prescott to Phoenix, Arizona, about 200
mues, o£ w toicli80 Elites (to 20 miles south of Prescott), completed in
May, 1894. Stock authorized for $10,000 perm.; outstanding, $ 600,000.
Mortgage is for $5,000,000—Mercantile T rust Co. New York, trustee.
A 30-year contract w ith the Atchison Topeka & Santa Fe provides for
paym ent or an arbitrary 5 per cent of the gross earnings upon all business interchanged w ith S. F. P. & P. Ry. to the trustee of the flrst mortgage bonds, to be applied to paym ent of interest. F. M. Murphy, President, 640 Monadnock Block, Chicago, 111. (V. 55, p. 590; V. 57, p. 179 ;
V. 58, p. 595.)
S a v a n n a h A m e r lc n s & M o n t g o m e r y .—Owns from Lyons, Ga.,
west to Montgomery, Ala., 265 miles, and A. F. & N. Railroad from
Cordele to Albany, Ga., 35 miles; to ta l operated 300 miles. Extension
to Montgomery, Ala , 80 miles, opened in April, 1892.
R e c e iv e r s h ip .—In Nov., 1892, S. H. Hawkins and T. E. Hambleton
were appointed receivers. Bonds deposited w ith Merc. Trust Co. of
Baltimore, pending reorganization.
R eorganization .—Plan presented in May, 1894, provides for extension of 74 miles to Savannah, and for the exohange of old firsts for
$800 in new 1st 5s (issue limited to $15,000 p er mile), $800 in new 6
per cent preferred and $500 in new common stock. See V. 58, p. 904.
• BoN1ls-~ Car tru sts and notes July, 1893, $688,716. Authority to
issue $146,000 receivers’ certificates was granted in April, 1893.
Total floating debt in May, 1893, including car trusts, etc., was said to
be about $1,000,000. Second mortgage used as collateral only. Valid­
ity of charter and bonds was confirmed in suit before Supreme Court
of Georgia in September, 1894. Y. 59, p. 423.
E arnings .—7 mos., 5 1894, gross, $240,445 ; net, $10,821.
Jan. to July 31.
(1893, gross, 297,802; net, 26,603.
In year 1893 gross $492,500, against $536,697in 1892; n e t,$50,964,
against $148,484. In year 1891-92 gross, $500,823; net, $189,760;
JRtcrest on bonds, $136,800. In 1890-91 earnings on 175 miles, $491,499; net. $209,203. (V. 55, p. 927; V. 56, p. 280; V. 58, p. 431, 904; V
59, p. 423.)

S
eptem , 1894. J
ber

RAILROAD STOCKS A M )

BONDS.

191

"snbscrlbers~will confer a great favor by giving immediate notice of any error discovered In these Table».
_____ PrincF
INTEREST OR DIVIDENDS.
pal, When Due.
RAILROADS.
Miles D ate Size, or
Amount
P a r Outstanding Rate per Wben Where Payable, and by Stocks—Last
of
¿viTexplaiiatioii of column headings, «fee., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
For e i»
on fjj-gt page of tables.
Florida d Western.—( Continued.)
Fla. & West.,consol.M. ( $ 6 ,5 0 0 ,0 0 0 ) ,gold.c &r
M o n t i » ext. bonds, 1st M., g., Thos’v. to Mont,
so Florida 1st mort. ( $ 1 2 ,0 0 0 per nule), gold.-C^
sav Fla. & W. con. 1st M. ( $ 2 0 ,0 0 0 ,0 0 0 ) gold..c*
Brunswick & W. 1st M. Bruns, to Albany, g, gu.e*
Income bonds, uon-cumulative. - - - - - - ..........
savannah d Western^-Columb. & W est.lst M., gu.c
rolumbus & Rome 1st mortgage, guar ............o
istconsol. mort. ($18,000 per nule), gold, guar.c*
Tfnme & Carrollton, 1st M. g..........- -..............- - - - -;
S t . Rome & Col. 1st, gu ,$16,000 p.m ., gold.e*
Sctenfrtady d D uanesb.-l& t mort., interest guar..
tohuulkilld L e h ig h - 1 s tm .,guar. p. & L by P. & R.
SehboarddRoanoke—St’k ($244,200 is pf. gu. 7 p.c.)

& O. N.Y.,H.B.Plant,&Savan Apr. 1, 1934
6 g.
1884 $1,000 $4,056,000
Apr. 1, 1899
do
do
& O.
290,400
1889
6 gJan. 1, 1915
& J,
1,000
3.000. 000
1885
6 gMay 1, 1943
New York.
&N
5 g.
1,000
See text.
1893
& J N.Y.,12 W.23d St.& Sav. Jan. 1, 1938
000
1888 500 &c. 3.000.
Irredeemable.
None paid.
1,000
3.000.
000 f g1888
& J. July ,’92, coup, lastpaid. Jan. 1, 1911
6
1,000
800,000
Ï57 1881
& J. July ,’92, coup, lastpaid. Jan., 1914
6
1,000
200,000
50 1884
& S. Mch., ’92, coup, la st pd. Mch. 1, 1929
5 g.
1,000
7.755.000
1889
& J. Ju ly ,’92, coup, last paid. Jan. 1, 1916
150.000
”22 1885 100 &C.
i g& s. Mch., ’92, coup, last pd. Sept. 1, 1937
5 g.
1,000
2.090.000
138 1887
Sept.
& s. N. Y., 21 Cortlandt St. Nov. 1., 1924
6
500.000
14 1874 100 &C.
I 1902
& N. Phila., Phil. & Read.RR.
4J&
1,000
600.000
44 1872
See text.
& N. Balt., Farm.& Plant.Bk.
100
1,302,900 See text.
81
Aft. July,1916
Portsm outh, Va.
& A.
6
C,
690.000
1886 100 &
Debentures, re g iste re d ....................................-J
& J. N. Y.,Baltimore &Phila. Ju ly 1, 1926
5
1,000
2.500.000
81 1886
1 st mortgage for $2,500,000...................... -........c*
& D. Balt.,Merc.Tr.& Dep.Co $25,000 Ju n e !
5
290,500
1890-1 1,000
Sea Air Line Equ’t Tr. ser. A, B & C ( ^ each)— c
& A. Feb., ’93, coup, la st p’d Aug. 1, 1931
1,000
5.675.000
1886
SeaMe L a k e l d E a s t .- 1st M.’, g. $25,000 p. m e*
& N. Phila., Phil. &Read.RR. May 1, 1912
1,000
1.000.
000 1 *
31 1882
8hamoKin Sunbury^d Lewisburg—1st m o rt....c &r
July 1, 1925
do
do
& J.
1,000
1,000,000
6 g31 1890
& A. Phila., Penn. RR. Co. Aug. 1, 1894
50
869,450 6 per an.
29
Shamokin T ^ ’ I°Po'(tem:«e—Stock'.guar. by Nor. C.
Ju ly 1, 1901
do
do
& J.
7 g.
2,000,000
28 1871 500 &c
S 1st mortgage, gold, on road and lands................. e
Sept. 1, 1894
& S.
50
453,350 6 per an,
15
Sharon—Stock..............................................................*
& D, N. Y., Farm . L. & Tr. Co. June 1, 1919
4 12 g.
1,000
164.000
15 1889
1st mortgage, gold............................... -..................c
Aug. 1, 1912
& A.
6
500.000
1*2 1882
short Route By. Transfer Co—1st m ortgage........ .
& J, N. Y., 12 West 23d St. July 1, 1918
1,000
1.500.000 See tex t
74 1888
Silver S n Ocala d « - 1 s t , 1. gr. ($15,000 p.m.)g.c*
Denver State Nat. Bank Oct. 1, 1908
& O
1,000
425.000
17 1888
Silverlon-lBt mort. for $ 5 0 0 ,0 0 0 gold. ........ c&r
Jan. 1, 1920
& J
1,000
1.920.000
II:
96 1890
Sioux City d N orthern- 1st mortgage, gold.......... c
& O Oct. ,’92, coup, last paid. Oct. 1, 1921
1,000
2.340.000
S iZ x City O’N. d W esi.-lst M. ($18,000 p. m.) g.c* 130 1891
Ju ly 1, 1917
In default.
& J
I g1,000
1.850.000
70 1887
smith Atlantic d Ohio—1st m ortgage. . . . . . . . . . . - 1919
New York.
&N
5
1,000
5.250.000
South Carolina d Georgia—1st M. $5,250,000, gold 245 1894
Oct. 1, 1923:
& O
5 g.
500
1893
Smith Jersey—Mort. bonds, $12,500 p. m., g— e &r
SeaboardSc Roanoke.—
Owns Portsm outh, Va., to Weldon and
S a v a n n a h Florida Sc Western.—
Owns from Savam ah, Ga., to
. C., 81 m iles; leases Roanoke & T. R. Railroad, 32 m
Tnliette Fla., 225 miles; w ith branches to Jacksonville, Fla., Chatta-1 branch,Na controlling interest in the Raleigh _&Gaston Railroad, des.
Also has
10$
koochee, Fla., Tampa, Fla., e tc .,628 m iles; to ta l owned, 853 miles; miles, and thus in the Raleigh & Augusta Air Line, 107 miles, and Caro­
operates 33 m ile s; total, 886 miles. From Santa Fe Junction to lina Central, 269 iniles; also controls Pittsboro Railroad, 11 miles;
Juliette, Fla., 55 miles, w as completed in December, 1893.
Carthage Railroad, 11 miles; and the Georgia Carolina & N orthern,
p i ant System . -B elongs to P lan t system, which unites Charleston, 266 miles (completed in April, 1892), affording a through line to At­
9 o with Montgomery, Ala., etc., and also w ith Tampa and other lanta; to tal of all, 884 miles. This is the “ Seaboard Air L ine system Florida points. Besides the 886 miles described above, the system
Stock .—Total authorized, $1,790,000; outstanding, $1,058,700 com­
includes the Charleston & Savannah, 133 miles; toe Brunswick &
Western, 171 miles; toe Alabama Midland, 209 miles; the Silver Springs mon, $200,0001st pref. 7 p. c. guaranteed and $44,200 is 2d pref. guar.
D iv id e n d s .—On common from Nov., 1890, to May, 1892,7 p. c. p e r
Oeala & Gulf, 75 m iles; total, 1,463 miles. [See separate statem ent
for each company, except Brunswick & Western, whose bonds are annum; in Nov., 1892, 3; in 1893, May, 2 p. c.; none since.
riven above.] There are also 1,277 miles of steam er lines, including
B onds .—The debentures are to be included in any 2d mortgage issued.
lines to Havana, Mobile, etc. In May, 1893, toe Savannah Florida & After Aug. 1,1916, they are payable at will as a whole, or in 10 p ercent'
instalm ents. With Raleigh & Gaston guarantees bonds of Georgia Caro­
Western was consolidated with, the South Florida.
B onds —Tire consolidated mortgage executed in December, 1893, lina & Northern (which see) and issued car tru sts for $2o0,000.
There are also “ divid. obligations,” $85,500; convert, loan, $55,412..
covers all road, equipment, etc., now owned or hereafter acquired with
the proceeds of its b o n d s; issue’lim ited to $20,000 per mile. Sufficient
E a r n in g s —In year ending June 30,1893, gross on road proper, 114
consols are reserved to retire all prior liens, including South Florida, miles, $719,910; net, $225,612; other income, $143,773; total net income,.
andMonticello E xtension bonds, w h ich itis proposed to retire forthwith; $369,385; interest, rentals, taxes, &c., $331,309; surplus for year,
$3 210 000 are to be issued to pay for construction and equipment, and “ 38,076; in 1890-91, gross, $771,572.
the balance ($7,000,000) for future betterm ents and extensions.
Seattle Lake SkoreSc Eastern.r O ns
w from Seattle, Wash., toGuaranties . - I n addition to Brunswick & W estern bonds above, this
company guarantees certain bonds of the Alabama Midland and Silyer Sumas, 125 miles, and branches in W ashington, 121 miles; total, 246.
H is to r y . -Completed in 1891. The Nor. Pac. guaranteed by endorse­
Springs Ocala & Gulf— those companies.
see
1,1892,
Dividends .—In 1882, 6^2 per cent; in 1883,7; in 1884, 4; in 1887, m ent both principal and interest of the bonds, and owned Ju lyJune
$4,150,000
On
1%; in l8 8 9 ,4 ; in 1891, 2; in 1892,5; in l8 9 3 ,3 1a; m l8 9 4 , Jan., 6 p. c. $3,162,650 of the Brown was stock. See V. 55, p. 682. in D ecem 27,
1893, Thomas R.
appointed receiver, and
ber
Latest E a r n s —12 m os., 5 ’93-94, gross, $3,038,444; net, $1,109,558 John H. B ryant was made an additional receiver. Interest due Aug. 1,
July 1 to June 30.
( ’92 93, gross, 2,999,978; net, 1,085,478 1893, was not paid. V. 57, p. 23, 91. Bonds deposited w ith M anhat­
Annual R e p o r t .—Fiscal year ends June 30. R eport for 1892-93 ta n T rust Co., whose receipts therefor were listed on New York Stock
Exchange. Foreclosure of first mortgage begun in December, 1893.
was in V. 57, p. 978.
EARNINGS.-D eficit after fixed charges was : For year 1892-93,
1893.
1892.
Year ending June 30—
1891.
$3,025,299 $257.701; for year 1891-92, $467,701. In 1893 there was due toe N. P.
$3,055,535
Gross earnings......................$3,254,249
19,602 for advances, $1,335,460. (V. 57, p. 23, 91, 218,469,1124.)
157,533
-----Other income.......................
1,130,402
1,129,621
Net receipts........................... 955,663
Shamokin SunburySc Lewisburg.—
Line from Shamokin to
583,856
624,929
Interest, taxes, etc ........ : - 532,377
over
miles.
(6%) 564,774 West Milton, Pa., w ith iron bridgely 20, Susquehanna, 31for coalLeased
(5%) 339,695
Dividends.........................(2%) 131,946
to Philadelphia & Reading till Ju
2883, and used
traffic
aef. $18,228
Balance............................sur. $291,340 sur $164,997
northward. Stock, $2,000,000; par, $50. (V. 51, p. 21.)
—(V. 54, p. 441; V. 56, p. 43; V. 57, p. 9 78, 980.)
Shamokin ValleySc Pottsyille.-fSeeMap Pa, R R J -S m b u ry ,
S a v a n n a h Sc W e s t e r n . —Owns from Birmingham, Ala., to Amer
ious, Ga., 221 m iles; Columbus to Greenville (narrow gauge), 49 Pa., to Mt. Carmel, Pa., and branch, 30 miles. Leased Feb. 27,1863, for
999 years to the N orthern Central Railway Co., w ith a guarantee of
miles; Opelika to Roanoke, 37 m iles; Euf aula to Ozark, 60 nn; Meldrim
to Lyons, 58 m.; Griffin to Carrollton, 60 m.; C. B. d C'.BB., Carroll taxes, interest on the bonds and 6 per cent on the stock,,
of which $619,400 is owned by the Northern Central. Pennsyl­
ton, Ga., via Rome to Chattanooga, Tenn., 137 m.; total, 622 miles.
$225,000. additional were
H isto r y , E tc .—A consolidation in August, 1888. I t belongs to the vania RR. owns $580,000 7 per cents, and the depreciation in value of
held January 1,1893, in the fund to cover
Cent, of Georgia system. In May, 1891, the roadbed and all the assets the S. V. & P.’s coal lands. Gross earns. 1893, $489,203; net, $276,134,
of the Chattanooga Rom© & Columbus, Chattanooga to Carrollton, 138
miles, were purchased, and its $2,240,000 first mortgage bonds guarain- against $359,732 in 1892.
Sharon.—
Owns from Sharon, Pa., to Pym atuning, Pa., w ith
teed. The stock of the C. R. & C. is m ostly owned by Central of Georgia
Leased
30, 1982,
No\y
R e c e iv e r s h ip .—Interest on bonds due Sept. 1,1892, was not paid, branches, 16 miles in all. ren tal of till April per annumto which York
t
$36,426
,
pays
and in March, 1893, the C. R. & C. corporation was placed in hands of a Pennsylvania & Ohio,6ap er cent on stock.
interest on bonds and
receiver. (See V. 57, p. 468,1082.) Receiver is now Eugene E. Jones.
Silver Springs Ocala Gulf.—
Sc
Owns from Ocala to Inverness»
Sale has been ordered. V. 59, p. 191.
Gulf
B o ndholders ’ Com m ittees .—In November, 1893, Simon Borg, R. C with branch from 1893, Junction (near DunneUon) to Homosassa, 74
a controlling interest
Martin, H. E. Garth, F. L. Lehman, Edwin S. Hooley and Jos. M. Licht miles. In January,ent Company [see Savannahin stock was acquired by
Florida &
enauer, bondholders’ committee, requested deposit of bonds w ith cen toe P lant Investmfrom 6 to 4 per cent, guaranteed by Western], a n d
interest reduced
endorsement.
tral Trust Company. For circular of April, 1894, see V. 58, P- 637, Stock, $1,500,000, par $100. There is a land grant of 13,840 acres per
Committee’s address, 20 Nassau St., N. Y. As to Col. & W. committee: mile, of which the m ortgage covers 4,000 acres per mile. E arnings .—
see V. 57, p. 853; V. 58, p. 636.
^
In August, 1894, i t was reported th a t the pending plan of the Central For 6 m onths ending Ju n e 30,1893, gross, $58,055; net, $23,460;
Georgia would give S. & W. consols 90 p. c. in new bonds and 15 p. c- surplus over interest charges, $1,060.
Silverton.—
Owns from Silverton, Col., to Ironton, 22 miles, of
Anotoer committee consists of Louis Fitzgerald, John P. Townsend, which 4 miles b uilt w ith surplus earnings. Stock authorized and out­
standing. $350.000; par, $100. E arnings .—From Jan. 1 to Aug. 31,
Emanuel Lehman and Thomas Denny, of New York, and F. M. Colston
of Baltimore. Depositary is the Mercantile Tr. Co., N. Y. V. 58, p. 595 li^M (8 mos.), gross $23,597, against $39,195 in 1893. In 1893 gross
were $68,397; net, $25,712 in 1892 gross, $105,058; net, $50,036.
Stock .—$3,000,700 (par $100), owned by Central of Ga., which see.
In 1891 gross, $121,621; net, $65,388.
B onds.—A bstract of consolidated m ortgage (trustee, Central Trust
Sioux
Sc Northern.—
Owns road, completed t
Co., N. Y.), in V. 49, p. 240. See default above. Central of Georgia on ary, 1890, City Sioux City northerly to Garretson, So. Dak.,o Febru
from
96 miles.
July 1,1892, owned $1,628,000 consols. Floating debt Ju ly 1,1893, The mortgage trustee is M anhattan Trust Co., N. Y. Stock authorized^
including note for $1,000,000 due Ga. Central, $1,734,960, secured by $10,000,000; outstanding, $1,440,000. Judge Warwiok P. Hough m
deposit of $1,096,064 consol. 5s.
Mr. S. J. Beals were appointed receivers in Oct., 1893. V. 57, p. 596.
L atest E arnings .—9 mos., 5 1893-4, gross, $844,288; net, $197,060 Petition for sale of road filed in July by m ortgage trustee. V. 59, p. 117.
July 1 to March 31.
i 1892-3, gross, 781,157; net, 58,802
L atest E arnings .—Jan. 1 to Mar. 31,1894, (3 mos.) gross $62,220,
In year ending Ju n e 30, 1893, gross, $1,2/1,390; defirit from
’93; n e t
For year ending Juneoperating, $297,325. In 1890-91 gross, $1,161,187; net, $90,828. agst. $72,810 in$398,922;$23,719 agst. $17,412 under charges, $3,529.
30, 1893 , gross,
net, $149,629; deficit
In 1889-90 gross, $963,929; net, $208,086. Interest charge^for,1892-93
R e p o r t —Report for 1892 w ithbal. sheet was in V. 56, p. 1056, show­
on Sav. & W. $447,750 and on Chat. Rome & Col. $113,500. (V. 56, p
ing gross. $487,767; net, $215,637; taxes, $17,565. In 1891 gross,
625, 700, 841; V. 57, p. 853, 9 7 7 ; V. 58, p. 595, 637; V. 59, p. 277.)
S c h e n e c ta d y Sc D u a n c s h u r g l i . —Owns from Duanesburgh to & % 2 6 net, $193)l44. (V. 56, p. 1 0 6 6 ; V. 57, p. 469, 557, 596; V.
Schenectady, N. Y., 14 miles. Operated by D. & H. Canal Co. which 59, p. 117.)
Sioux City O
’Neill & Western.— from Covington, opposite
Owns
guarantees the interest on th e bonds. Stock $100,900, p a r $100.
miles. Stock is $3,600,000 (par
Schuylkill Sc L e h i g h . —Owns from H igh’s Farm , n ear Reading Sioux City, tomO’Neill, Nebraska, 130 $2,340,000 (trustee M anhattan
$100) The
ortgage is lim ited to
Pa., to Slatington, Pa., 44 miles. Reorganized in 1880, and in 1883 T rust Co of New York). F. C. Hills appointed receiver Nov. 1,1893.
leased to Philadelphia & Reading for 999 years. Rental, $27,000 per I n 1893 gross,^$230,896; net, $132,640. In 1892 gross, $230,895 ; n et
annum. Reading owns the stock ($50,000) and $400,000 second mort- $132,639. (V. 56, p. 1 0 1 3 ; V. 57, p. 557, 684, 765.)
bonds The first m ort. bonds are guaranteed.
D
iaot
iSfffl
u




545
24
250
819
171

1 2 2

INVESTORS’ SUPPLEMENT

[ V ou IIX

Subscribers «rill confer a great favor by giving Immediate notice of any error discovered In these Tables
RAILROADS.
INTEREST OR DIVIDENDS.
Bonds—Pnno/
Size, or
Amount
8 Of
P ar Outstanding Rate per *Vi,en Where Payable, and by pal,When Due
of
on first page of tables.
Road. Bonds Value.
Slocks—Lott
C ert. Payable
Whom.
Dividend.
So. (6No. Alabamar. 189 1873 ?£200
£837,800
6 g. M & N. London, Baring Co., L’d May l, 1903
189 1880 $1,000 3 $2,000,000
6 g. A. & O. N. Y. Of.,120Broadw’y
* 189 1886
1,000
3,811,000
fc
5 g. F. < A. N. Y., Office, 120B’wav. ^P r. 1, 1910
S outh Fac. Coastc 104 1887
1,000
1936
5,500,000
4 g. J. & J. N. Y., S. Pac.. 23 Br’d St. -fug1, 1937
c 114 1882 200&C.
3,300,000
F. & A. Aug., 1889, coupon on. July 1, 1922
5
Feb.
Southern Pacific OOMPANY)) 5,931
100 118,858,170
1891
2,929,000
J. & ,T N. Y., 23 Broad St.
~6
.
l 392 1879
Ì,Q0Ó
6,000,000
6 g. J. < J. N. Y., S. Pac., 23 Br’d St. Jan. i ," i 9 i i
fe
Mch., 1909
do
do
Series B, gold, guar.......e r 392 1880
1,000
4,000,000
6 g- J. < J.
fc
do
do
Mch. 1, ig lò
■Southern Pacific (Cal.)—Stock............. ...............
100 67,895,900
All
f Jst.M .^eries A,gold ) land grant..o’
fÏ8 7 5 500 &c. 13,123,500
*6 g. A. & O. N. Y., S. Pae., 23 Br’d St. Apr. 1 , 1905
Series B, gold.......... I sink’g fund.o* i 1,042
1875 500 &c.
4,734,000
6 g- A. & <).
do
do
equally
Oct. 1 , loos
Series C & D, gold., [n o t subject.c*
1876 500 &c.
8.193.000
6 g- A. & O.
do
do
«ecured.
9 ct- 1» 1906
Series E & F, gold. J to call___
1882 500 <fcc.
5.243.000
6 g- A. & O.
do
do
Apr. 1, 1912
n
93 1887
1,000
3,578,000
6 g. A. & O.
do
do
Apr. 1 , 1937
r 1,587 1888
1,000
1,662,000
5 g- A.
O.
do
do
9 0t- 1, 1938
45 1875 50Ó &c.
500,000
5 g. J.
J.
do
do
Jan. 1 , 1905
Consol, mort., gold, $89,293,500 s f . not d m < ï ---- 1893 500 &c. 15,141,000
5 g- M.
N.
do
do
Nov, 1 , 1937
l 167 1881
1,000
4,180,000
6 g- J. < J.
fe
Jan. 1, 1911
_
_
...........
See text.
See text.
A.—P roperties merged into Southern R 1 lway Co.
Richmond & Danville cons, mortgage, gold_ e 170 1874 $1,000 $5,997,000
_
6
J. & J.
New York City.
Jan. 1 , 1915
Debenture mort., formerly 6s (see te x t)........
-• 1882
1,000
3,368,000
A. < O.
5
fc
See text.
Apr. 1, 1927
Equipm ’t T rust bonds, gold, s.f.,subj. to call..
1,000
1889
—
1,194.000
5 g- M. & s.
New York City.
Sept. 1. 1909
Equipm ent notes......................................... .......
507,835
do
do
Various.
Rich. Y. Riv. & Cbes. 1st M., ext. in 1894........
38 1873
1,000
400,000
5
J. & J.
do
do
Jan. 19101
2d M., extended from 1900........ ......................
38 1880
1,000
500,000
M. & N.
do
4^
do
Nov. 1910
W ashington Ohio & W estern 1st m o rtg a g e.....
50 1884
1,000
1,025,000
E. < A.
4
do
fe
do
Feb. 1, 1924
A tlantic Tennessee & Ohio 1st m ortgage.......... .
44 1883
150,000
A. & O.
6
do
do
Apr., 1913
West. Nor. Car., 1st con. M., g ...................... ....c" 309 1884
1,000
2,531,000
6 g. J. & J.
do
do.
July J, i> 14
.
191 1869 5Ó0&C.
do
2,000,000 1
7
J. < J.
fc
do
Jan. 1, 1895
2d m ortgage.
191 1872
1,000
500,000 1
A. < 0.1
7
fe
See t e x t ;
Oct. 1 , 1902Somh Atlantic & Oblo.— Supplem ent of July, 1894.
See
j Report for 1893 was given a t much length in V. 58, p. 702, 717 sh ow
ing for the whole system, including steamship lines, as below. ’
South Bound.— F lorida Central &P eninsular .
See
Year ending Dec. 31—
1891.
1892.
1893.
South Carolina.— S outh Carolina & Georgia .
S ee
Average mileage operated....... 6,376
6,486
6,599
South Carolina& Georgia.—
Owns from Charleston to Augusta, Gross earnings..........................$50,449,816 $48,972,195 $48,049,548
ip. C., 137 miles; branches to Columbia, 68 miles, and to Camden, 37 Operating expenses................ 31,163,612
31,288,199
30,576,244
miles; extension, 3 miles; to tal main line and branches, 245 miles, of
w hich 213 miles is 56-lb. steel rail and 32 miles is 70-lb. The Carolina Earnings over operating exp.. $19,286,204 $17,683,996 $17,473,304
-Cumberland Gap & Chicago Railroad, from Aiken to Edgefield, 24 Trackage and re n ta ls .............
564,193
625,926
658,610
m iles, is leased, making 269 miles operated. A reorganization in May,
1894, of the old south Carolina RR. per plan given in Y. 58, p. 867.
Total net income...........„$19,850,397 $18,309,922 $18,131,914
The “ A tlantic Coast Line” reaches A ugusta from Denmark, 57 miles, T a x e s .......................
$1,261,984
$1,249,849
$1,360,845
over this line.
Betterm ents and additions_
_
259,570
339,078
311,568
Stock and B onds .—Capital stock $5,000,000. F irst m ortgage 5 per Interest on bonded debt.......... 10,629,900
10,512,478
10,786,310
-cent gold bonds $5,250,000. The old South Carolina first consols to Rentals, &o................................ 4,334,983
3,598,167
3,677,001
receive 94 per cent in the new firsts, 10 per cent in new stock and cash
fo r the six unpaid coupons. The South Carolina junior securities
Balance, sur. before division
received nothing under the plan.
of profits to prop’y comp’s $3,363,960
$2,610,349
$1,996,190
The sum due the proprietary companies practicall . inures almost en­
E arnings — > 1894.............................Gross, $77,886; net, $10,512
tirely to the Southern Pacific Company as the principal owner of the
Month of May. 51893.................. _____ Gross, 90,989; net, 1,194
South J e r s e y . —See S upplem ent of July, 1894. In August, ’94, stock of saidp.proprietary companies. See V. 56, p. 928, audV. 54 n
5
2 , 92
Francis I. Gowen, of Phila., was appointed receiver. Appointim n t is 804.—(V.956, 595, 777 ,9 ,2 7 1 7 .) 4 ; V. 57, p. 469, 6 8 4 ,1 0 4 0 ,1 1 2 2 ; V. ML
02
’
said to be a friendly one to enable Company to settle claims amounting p. 305, 5 4 ,
to about $35,000.
S o u t h e r n P a c if i c o f A r i z o n a . —See July, 1894, S upplement.
S o u t h e r n P a c if ic ( o f C a l i f o r n i a ) . —(See Map.)—A. consollda
South & North Alabama.— Map o f Louisville & Nashville.)—
(See
-Owns from Decatur, Ala., to Montgomery, Ala., and branch, 189 miles tion of May, 1888, amended in November, 1892, of several lines in Cali­
Controlled by the Louisville & Nashville RR. Co., which owns m ost of fornia. Total mileage Dec. 3 1 ,1 8 9 3 , was 1,861 miles, of which 1,854
th e stock [$3,481,400 of which $2,000,000 preferred] and guarantees miles was owned, but of this 242-5 miles perpetually leased to and oper­
th e first and consol, m ortgage bonds. On June 30, 1893, loans and ated by the Atlantic & Pacific RR. Co.. Balance leased to the Southern
bills payable amounted to $1,022,635, and there was due Louisville & Pacific Co. for fixed charges, betterm ents and additions, and 44 per cent
Nashville $234,800. In year ending June 30,1893, gross earnings were of the surplus income under the “ omnibus lease.”
■$2,147,566; net, $481,801; deficit under interest, &e., $188,143. In
Stock.—Authorized stock, $90,000,000, par $100; outstanding, $671891-92 gross, $2,073,778; net, $468,959. (V. 56, p. 1015.)
895,900, all but $2,780,930 being held by Southern Paciflo Company.
South Pacific Coast.— S upplement of July, 1894.
See
B onds .—
The first 6s are being gradually retired with proceeds of
Southern Central (N. Y).— from North F air Haven, N. Y., land sales, &o., but are not subject to call. There is also a sinking
Owns
to Pennsylvania State Line, 115 miles. The Lehigh Valley leased this fund of $100,000 per year. General Mortgage of 1888 abstract was
road from January 1,1887, for 975 years, w ithout any guaranty of in V. 49, p. 509; these bonds are being retired fly consols and deposited
interest. There are $90,000 of 7 per cent prior bonds due in 1899. Six as collateral for them. Consolidated Mortgage authorized in Sept., 1893,
-coupons from Aug. 1,1886, inclusive, $475,740. were funuea a t 4 p. c. (see full abstract V. 57, p. 1041), provides for all prior liens and new
The overdue coupons (unfunded) and “ sundries” am ounted on June construction. Bonds m ay be issued not exceeding $30,000 per mile, of
-30,1893, to $556,124. Stock, $1,774,950; par, $100. In July, 1894, which $7,500 a mile is reserved for additions and betterm ents. See V
Thomas C. P la tt was appointed receiver. Earnings now included in 57, p. 469, This mortgage covers several new branch lines, total 122
lessee’s accounts. (V. 55, p. 257.) For year 1892-93 gross $541,722; miles, not covered by any other mortgage. See V. 57, p 1040.
■against $177,757 in 1891-92; net, $12,860 against $58,528.
L and G rant.—The land grant was 12,840 acres per mile, and proceeds
Southern Pacific COM
PANY.— Map).—Organization .— of sales go to retire bonds, but a large proportion of the lands bar­
(See
This corporation was organized Aug. 14,’84, under the laws of Kentucky ren and useless for agricultural purposes w ithout irrigation. In 1893
I t has acquired a trans-Continental system of railroads, w ith steam­ the net sales were 530,603 acres, for $1,405,505, against 31,996 acres
sh ip lines from New Orleans to New York, etc. On Jan. 1,1894, it had in 1892 for $157,309; interest on deferred paym ents, $69,958; land
proprietary iines in its A tlantic system aggregating 1,742 miles; in its notes outstanding Jan. 1,1894, $3,748,615.
Pacific system, 2,723 miles; total proprietary lines, 4,465 miles; leased
E arnings.—7 m onths.— <1894, gross, $5,028,379; net, $1,860,759.
lines (other than proprietary lines) in Pacific system, 2,135 miles: Atlan­
Ja n u a ry 1 to Ju ly 31. ( 1893, gross, 6,073,109 ; net, 2,397,805.
t i c system, 24 miles: total RR. lines, 6,624 miles; 49 miles double track.
A nnual R eport . —Separate Report for year ending Dec. 31,1893»
P roprietary L ine s .—These, with a to tal m ortgage indebtedness Jan. was given in V. 59, p. 370 and 374. See also editorial, p. 356.
1,1894, of $125,876,v 16, are all practically owned—only $3,665,002 out In 1893 gross earnings of both divisions were $10,669,223; net,
■of their to tal stock of $166,967,152 not being held on Jan. 1,1894, by $4,312,190; adding rental ($436,455) received from A tlantic & Pacific
th e Southern Pacific Co. Five of the proprietary companies as below RR., etc., to ta l net income, $4,789,718, against $4,778,413 in 1892;
designated are operated for 99 years from April 1,1885, under the surplus over charges, $1,898,211, against $1,682,376 in 1892; net
so-called omnibus lease, under which the Southern Paciflo Company profit due company under lease, $1,164,741. (V. 55, p.765; V. 57. p.
agrees to m aintain the roads, to pay all fixed and other charges, includ­ 469,1040,1041; V. 58, p. 556, 636, 816; V. 59, p. 28, 3 5 6 , 3 7 0 , 374.)
ing interest on bonds and floating debt, and to divide the to tal net
S o u t h e r n P a c if ic o f N e w M e x ic o .—Owns Arizona State Line to
profits from operating, after making these payments, among the several
bridge, etc., 171
parties to the lease, the So. Pac. Co. to receive 10 per cent of such profits. Rio Grandethe lessee payingmiles. Operated under lease by So. Pacific
Company,
all charges and 6 per cent of net nroflts
And the other five companies the percentage indicated below.
under the omnibus lease. Stock, $6,888,800 (par $100), all but $2,500
Proprietary lines operated under omnibus lease: Southern Paciflo of being held by South’n Pacific Co. Sinking fund Jan. 1,1894, $395,908.
California, receiving 44 per cent of net profits; Southern Pacific of Ari­
E arnings .—7 m onths.— (1894, gross, $510,501; net, $70,548.
zona, 10 per cent; Southern Paciflo of New Mexico, 6 per cent; Mor­
Jan u a ry 1 to Ju ly 31. (1893, gross, 568,384; net, 224,763.
g a n ’s Louisiana & Texas, 23 per c e n t; Louisiana Western, 7 per cent
Proprietary lines not operated under omnibus lease: South Pacific
In 1893 gross, $943,728; net, $352,283; surplus over charges, $75,Coast, N orthern Railway, N orthern California, Texas & New Orleans, 756, against $210,131 in 1892. Net profits under lease in 1893, $158,Galveston H arris. & San Antonio, Gulf West. Texas & Pac., N. Y. Texas 828. In 1892 gross, $1,013,547; net, «485,425.
& Mexican. For further inform ation see separate statem ent for each.
S o u t h e r n R a i l w a y C o m p a n y .—(Nee Map.)—Company operates
L eased Line s .—The leased lines other th an proprietary lines are: Cen­ about 4,590 miles of road extending from Washington, D. C., and West
t r a l Pacific, Oregon & California and California Pacific. See each co.
Point and Richmond, Va., to Danville, Va., Charlotte, N. C., Columbia,
Capital Stock.—Stock authorized, $150,000,000. See Y. 48, p. 428 8. C., and Atlanta, Ga., thence northerly to Bristol, Tenn., southeasterly
to the
a t Brunswick, Ga., and westerly across the States
G uaranties , E tc.—In Deo., 1892, company agreed to guarantee San bam a coastMississippi to the Mississippi River a t Greenville. of Ala­
and
Water
Antonio & Aransas Pass new first 4s for $21,600,000. Other guaran­
Co. and Baltimore
te e d issues are Houston & Texas CentraL bonds; Austin & N. W. 5s; lines—Ocean SS.system includes the Chesapeake & Richmond S. B. Co.,
200 miles. The
folio w ing:
Oregon & Cal. 5s; N. Y. Texas & Mexican 4s; certain of the Central
Lines owned, 3,109 m iles; controlled by ownership of a ll or nearly
Pacific’s bonds, etc.—see those companies.
all capital stock, 565 m iles; leased, 492 miles; operated under various
G eneral F inances .—On Jan. 1,1894, loans and bills payable $3,742,- arrangem ents, 175 miles; Knoxville & Ohio (nearly all stock owned), 66
•339, aganist $1,934,535 in 1893. In Jan., 1894 the So. Pac. received m iles; steam boat lines, 200 m iles; to tal steam boat and railroad lines
$1,662,500 capital stock of Wells, Fargo & Co., in retu rn for express Sept., 1894, 4,607 miles. Lines operated independently in which com­
privileges for 21 years.
pany is interested as bondholder, 184 miles. Grand total, 4,791 miles.
The mileage in detail was in Chronicle , V. 59, p. 517.
E arnings .—7 mos., < 1894, gross, $23,429,233; net, $7,169,428.
Jan . 1 to July 31. (1893, gross, 27,165,503; net, 8,962,213.
O rganization , E tc.—A reorganization in 1894 of the old Richmond
A nnual R epo r t .—Fiscal year ends Deo. 31. A nnual m eeting is held & West Point Terminal Railway & Warehouse Co. and its subordinate
fit San Francisco on first W ednesday following first Monday in April co npanies, including the Richmond & Danville and E ast Tennessee




»*»
BONDS.
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S e p t e m b e r , 1 8 8 4 .J




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[V . L IX .
ol

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RAILROADS.

INTEREST OR DIVIDENDS
Bonds—Prlnoi'
Miles D ate [Size, or
Amount R ate per When
of
of
Par
Pal’When Due!
Last
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and bv Stocks—
Whom.
* Dividend;

on first page of tables.

Southern Mailway.—(Concluded.)
Col. & Greenv. 1st m. (6 p. e. after J a n ,’98), g..c; 164
Ga. Pacific 1st mort., $10,000 per mile, gold___
566
Equipm ent mortgage, gold, s. f., subj. to eall.c
—
Equipm ent notes...................................................
E ast Tennessee Virginia & Georgia—
Old 1st M. s.f. (Bristol,Tenn.y. Chat.to Dal.,Ga.) 272
Divis’n ’l M.,g.,(Bristol, Tenn. to Selma, Ala.)c* 552
E. T. Va. & Ga. consol. M.,g. ($20,000,000) .c&r 1,020
Equipm ent notes (including Louisville South.)
Ala. Cent. 1st M., Selma to Meridian, gold............
95
South. Ry.—E, Tenn. lien, gold (5 after Mar.,’98)

B . —On

p r o p e r t ie s pr actically o w n e d by

(*)

1881 $1,000
1882
1,000
1889
1,000
1870
1880
1886

1,000
1,000
1,000

1879
1,000
1894
D TO(if ) South
1881 lOO&c.
1886
1,000
28 3 879 lOO&c.
31 1879
....
100
1,000
265*2 1877
265*2 1877
1,000
. . . . 1880
500

or EA SE
L

*1FVirginia Midland—Serials....................................
General m ortgage.. .................. ..........................
*irCharlottesville & Rapidan, 1st mortgage.........
*ITFranklin & P ittsylvania 1st m ortgage..............
^A tlanta & Charlotte—Stock..................................
Preferred mortgage, subject to call a t 100.c*
1 st m ortgage.......................... ...........................r
Income bonds (not cum ulative)................... .r
UNorth Carolina—Stock ren tal 6*2 per ce n t........
*Knoxville & Ohio, 1st m ort., gold.................c*&r
66
C. —On a ll p r o p e r t y o p So u th er n R y ., in c lu d in LEA S
G
Southern R y.— cons. M. g. ($120,000,000)..
1st
Southwestern (Ga.)—Stock (see te x t)............. .......
333
Southwest Pennsylvania—Stock. [$3,000,000 auth... 109
1st M., sink, fund $5,000 yearly, not draw n.......r 109
Spolcane Falls A North.—1st M., $20,000 p. m., g.o* 140
Spuyten Duyvil AP ’tMor.-Stock,S p.c.gu. N.Y.Cent.
6
State Line A Sullivan—1st m ortgage..................... c*
24
Staten Island—1st M., $1,000,000, gold, gu. p.&i.c*
13
Staten Isl. Bap. Tr.—1st M„ g.. $ or £, s.f., not d r.. c* All.

$2,000,000 5 to 6 J. & J.
5,660,000 5 to 6 g. J. & J.
787,000
5 g. F. & A.
359,006

New York,
do
do

3,123,000
7
J. & J.
3,106,000
■5 g. J. & J.
do
do
12,770,000
do
do
5 g- M. & N.
415,832
do
do
1,000,000
6 g. J. & J.
See text.
4,500,000 4 to 5 g. M. & S.
Seé text.
E R N RY.
7,635,000 4, 5, 6 M. & S.
New York City.
4,859,000
M. & N.
5
421,700
6
J. & J.
70,900
6
J. & J.
do
do
1,700,000
5-6 M. & S.
500,000
7
A. & O.
do
do
4,250,000
7
J. & J.
750,000
A. & O.
6
do
do
4.000.
000 6
J. & J.
2.000.
000 6 g. J. & J.
1st L IE N ON A BT. 900 M IL E S O F R O A D AND ON STEAMBO
21,911,628
5 g. J. & J.
See text.
5,191,100 7 per an. J. & D. Savannah and Macon.
1,499,900 See text.
Phila., 233 S. Fourth St.
900,000
F. & A.
do
do
2,812,000
6 g. J. & J. N. Y., Chase Nat. Bank.
989,000 8 per an. J. & J. N. Y.. Gr’d Cent.Station
300,000
6
J. & J. N. Y., Union T rust Co.
500,000
4*2 g. J. & D.
New York City.
1.000,000
6 g. A. & O. N. Y., foot Whitehall St.

Jan. i,. iQie;
Jan. 1 , 1922
Various.
Various.
July 1, 1900
July 1 , 1930
Nuv. E i 956
Various.
July !, 1918
Mch., 1938-

Var. 1906-13
May, 1936
July 1 , 1913
July, 1913
Sept., 1894
Apr. 1 , 1897
Jan. 1 , 1907
Apr. 1, 1900
July 1, 1894
1885
1,000
E - H O L D S, & C .,
ATSly 11 1925
1894
Juiy 1 , 1994
....
100
See text.
50
Oct. 1 , 1894
1877
1,000
Feb. 1 , 1917
1889
1,000
July 1, 1939
100
July, 1894
1879 100 &c.
Jan. 1, 1899
1893
1,000
June 1, 1943
1883
1.000
Jan. 1, 1913
000 m ay be specifically appropriated, w ith the unanimous consent of
presented in May, 1893, was given in full in V. 56, p. 858, 874, and cer­
stock trustees, for the
tain changes thereof in pp. 1016,1058, and V. 57, p. 61. The modified th e en w ithin 3 years afterbuilding of branches or extensions, if under­
tak
the creation of the new mortgage.
plan of Feb. 20,1894, was given in full in V. 58, p. 363, 385; see also
G en e r a l F in a n c es .—Under the plan, $10,550,000 in eash is to ho
each com pany in March and May, 1894, S u ppl em en t s .
Reorganization Committee are Messrs. C. H. Coster, George Sherman raised from the sale of $8,000,000 new 5s a t 85 per cent and $25 000000 new common a t 15 p. c., and $7,620,000 from assessments! thus
and Anthony J . Thomas.
avoiding fixed charges on this sum. This to tal ($18,170,000) is to h*
A fter its reorganization the Central of Georgia system m ay be in­ applied as follow s:
'
cluded in the Southern Ry. Co.—V. 59, p. 153.
.......... .......................................$11,300,000
Minority interest in Cincinnati Extension bonds w as purchased in For floating debts ........
1 or equipm ent notes m aturing nex t two years................
900 000
September, 1894.—See V. 59, p. 472.
For new construction................................................................ 5 000 000
Stock .—Authorized about $125,000,000 common and $60,000,000 Expenses and contingencies.................................................... 970 000
five per cent non-cumulative preferred stock. The new company may
This and other savings are expected to give a large earning power to
a t any tim e exercise any charter right to redeem this preferred stock in the new preferred stock so soon as the railw ays are brought ud to a
cash, a t par.
proper physical condition.
Both classes o f stock o f the new company (except sufficient to qualify
The capitalization of the new company outstanding on completion of
directors) are to be deposited with three stock trustees, who shall be
may be estim ated per mile of railroad owned or
appointed by Messrs. Drexel, Morgan & Co. The stock shall be held by the reorganization the follow ing:—
controlled a t about
the stock trustees and their successors, jointly for five years, and for
Per mile—bonds, $22,000; pref, stock, $10,000; common, $26,000.
such further period (if any) as shall elapse before the preferred stock
E arnings , E tc . —Fixed charges were $9,900,000.
Under the
shall have paid five per cent cash dividend in one year, although the
stock trustees may, in their discretion, deliver the stock a t an earlier modifications proposed fixed charges will be $4,100,000 in 1894
’
date. Certificates of beneficial interest, entitling the holder to divi­ $4,700.000 in 1895 and $5,401,000 in 1896.
dends, w ill be issued in lieu of the stock so deposited.
L atest E arnings .—Ificlud. ng the Richmond & Danville, Georgia
Pacific. Char. Col. & Aug. and Columbia & Greenville roads—
Coupon P aym ents —Under term s of reorganization certain of the
From Ju ly 1 to
$ 1893-4, gross, $10,800,506; net, $2,785,673.
bonds in the table above either had their interest p a rtly funded or
May 31, llm o s . ( 1892-3, gross, 11,529,127; net, 3,329,199.
made payable in full only after a certain interval. A list of these
bonds is given below, interest a t the old rate being payable afte r the
Of f ic e r s .—President, Samuel S pencer; 2d Vice-President, Alexan­
period named. Those loans not m entioned receive th e ir interest regu­ der B. Andrews, Raleigh, N. C.; 3d Vice-President, W. H. Baldwin, Jr.:
larly a t ra te shown in table :
Secretary, W. A. C. Ewen, 80 Broadway, New York.
Title o f bonds—
Interest payable.
—(V. 57, p. 24, 61, 91,105,342,765,854,1084,1123; V. 58, p. 128,179
Charlotte Col. & A ugusta 2ds.. ..Till April, 1895, inclusive, funded into 265, 307, 363, 384, 431, 476, 514, 637,1073,1110; V. 59. p 29,74 153
192,332,372,472,515.)
’ ’
’
preferred stock.
Columbia & Greenville, 1st M .. .F or 5 years from Jan. 1,1893, interest
S o u t h e r n By. in Kentucky.— map Southern By.)—Road
(See
_
. _ .„
5 p. ct. cash and 1 p. ct. pref. stock. from Louisville, K southwesterly to Burgin on Cincinnati Southern
Georgia Pacific, l s t s ............. ........For 5 years from Jan. 1,1893, interest Railroad, 83 miles,y., ith branches to Lexington and Georgetown, 47
w
.
. . _
5 p. ct. cash and 1 p. ct. pref. stock. miles; total, 130 miles.
Richmond & Danville, Debent’s..T ill Oct., ’95, inclusive, to be funded;
A reorganization of the Louisville Southern sold a t foreclosure in
thereafter 5 per cent cash.
August, 1894, and bought by the Southern Ry. Co.—V. 59, p. 331.
Alabam a C entral........................... Reserved for investigation.
Sto c k s .—Capital stock is $1,000,000, p a r $100.
Southern R’way Consols for $3,105,000..Draw int. from Jan. 1,1895.
B onds.—Bonded debt is lim ited to $10,000,000.
“
“
$1,180,000.. Draw int. from Ju ly 1, 1895*.
“
for about $8,000,000. .Draw int. from Jan. 1,1896*.
Southwest Pennsylvania.—
Greensburg, Pa., to Fairchance, Pa.
“
balance..........................D raw int. from date of issue. 44 miles, and branches, 65 miles; total, 109 miles. Leased to Pennsylva­
“
E ast Tennessee lien for equipm ent and im provem ent nia RR., which pays n et earnings as rental and owns $1,057,250
bonds, interest funded to Mar. 1,1895, inclusive. stock and $600,000 bonds. In 1893 gross, $740,982; net, $219,588,
agst. $356,108 in 1892. Dividends in year 1891-9210 p. c.; 1893,10 p. 0.;
* In tere st prior to this either funded or not to be paid.
in 1894, April, 5 p. c.; Oct., 5 p. c.
B onds .—The new issue will be $120,000,000 first consolidated mort­
Southwestern (Ga.)— Macon, Ga., to Eufaula, 144
Owns
gage and collateral trust one-hundrea-year five per cent gold bonds, se­ branches to Columbus, <fec., 188 miles. Leased in perpetuity miles, and
cured by mortgage and pledge of all the property-of the new company. 1869, to Central RR. of Georgia, which guaranteed 7 per centAugust 1,
on stock.
The fixed am ount of this m ortgage may hereafter be increased, with
D e f a u l t .—The lessee defaulted on dividend due Dec. 31,1892.
tne ‘ ritten consent of tlie Stock Trustees hereinbefore mentioned, for
w
two purposes: (1st) To acquire the Central RR. and Banking Co. of
L a test E arnings —9 mos., s 1893-4, gross, $925,255; net, $355,370.
Georgia, or additional securities thereof, or modified interests therein.
Ju ly 1 to Mar. 31.
\ 1892-3, gross, 828,653; net, 98,740.
(2d.) To acquire, in such form as may be determined, the ownership of
For year ending
the Cincinnati Southern Railway, now leased to the C. N. O. & T. P. year 1890-91 gross Ju n e 30,1893, gross $1,016,769, net $59,000. In
$1,161,133; net, $200,254, against $276,932 in
Ry. Co., or any other line as a substitute therefor. All properties ac­ 1889-90 and $436,133 in 1888-89. Rental, $363,422. (V. 57, p. 21,
quired w ill be subjected to the lien of the mortgage.
59,595,1084; V. 58, p. 4 i, 988.)
Richmond York River & Chesapeake 2d m o rtg a g e e s due Nov. 1,
Spokane Falls& Northern.—
Owns from Spokane Falls, Wash­
1900, were extended a t 4*2 per cent to Nov. 1,1910.
The Southern R ailw ay E ast Tennessee lien bonds were issued for ington,to Northport (near Canada line), 131 miles. The Nelson & Fort
Sheppard Ry., completed in March, 1894, in the interest of the Spokane
the old E. T. Va. & Ga. equipm ent and im provem ent 6s. Each im ­
provement and equipment bond received under the plan 75 per cent in Falls & Northern, from Northport, Wash., to Kootenai Lake, British
bonds having present lien or lien equal thereto, an d bearing interest Columbia, 67 miles, has a land subsidy from Canada of 10,240 acres
a t 4 per cent for 5 years from March 1,1893, and a t 5 per cent there­ per mile. M anhattan Trust Co., N. Y., is trustee of Spokane Falls &
after, and 50 per cent in preferred stock of new com pany; b u t March, Northern mortgage. Stock $2,500,000; par, $100.
1893, coupon, and all new coupons to March 1,1895 (inclusive), funded
Spuyten Duyvil Port Morris.—
&
Road is 6 miles in length and
into new 5s a t p ar bearing interest from Jan. 1,1895.
connects the New York Central & Hudson w ith the New York & Harlem.
Charlotte Col. & A ugusta first 7s due Ja n . 1,1895, are extended to Leased to New York Central till Deo. 31,1970, a t 8 per cent on stock.
July, 1909, a t 5 per cent.
State Line & Sullivan.—
Owns from Monroeton, Pa., to Berenice
Old B. A D. debenture 6s have coupons from Oct., 1892, to Oct., 1895 Pa., 24 miles. Stock, $990,000 (par, $50.) The m ortgage covers 5,000
(inclusive), exchanged for $25 per coupon in new 5s bearing interest acres coal lands. Road leased till 1934 to the Pennsylvania & New
from Jan. 1,1895, interest thereafter to be reduced to 5 p e r cent per York Canal & Railroad Company (rental, $40,000 per annum) and so
annum in cash— e income clause being canceled.
th
operated by Lehigh Valley. Stock, $990,000; par, $50. In 1893 gross
. A d d itio n a l B ond and S tock I ssues .—The am ounts of new securi­ receipts were $405,239; net, $54,669; interest charges, $16,800?
ties may be increased to acquire interests in any lines contem plated in balance, surplus, $37,869.
the original plan and now not provided for. but not in excess of the
Staten Island.—
totals contem plated in said plan, b u t no additional m ortgage shall be Island Rapid T ransit Clifton to Tottenville, 13 miles. Leased to Staten
Co. till 1983, a t $80,600 p er annum, which pays
p u t upon the property to be acquired hereunder, nor shall the author­ $4 per share on stock, interest on bonds and organization expenses. ,
ized amount of the preferred stock be increased w ithout the consent of
Sto c k .—Authorized, 60,000 shares originally $15 per sh a re ; out­
a m ajority of the preferred stock.
A pp l ic a t io n o p N e w Se c u r it ie s .—Under the modified plan of Feb. standing, 14,000 shares. In 1893 changed formally p a r value, making
20,1894, it is estim ated th a t about $101,000,000 new bonds (incl. $78,- each certificate $75, and hence to tal outstanding $1,050,000.
000,000 to provide, as necessary or desirable, for bonds or guaranteed
B onds —Of the 4*2 per cents no more th an $500,000 to be issued ex­
stocks not disturbed), $48,000,000 preferred stock and $120,000,000 ception two-thirds vote of stockholders. They are guaranteed principal
common stock will be necessary to carry out the plan. The remainder and interest by Rapid Transit Co., and are so endorsed. Mercantile Tr.
“ as finally ascertained ” to be reserved and restricted for future needs Co., trustee. (V. 56, p. 887.)
a sm the original plan, except th a t only $2,000,000 (instead of $2,500,Staten Island Rapid Transit RR.— line of road around
O wns
000) shan be used in anyone calendar year; but an additional $3,000,- the Staten Island shore, east and north sides, from South Beach to a




t9 S
.

BONDS.
STOCKS AUD
KAILROAD
S e p t o m œ b , 1894.J

MAP




ÖF

THE

SOUTHERN RAILWAY CO.
SYSTEM
AND

C O N N E C T IO N S .

121»

INVESTORS’ SUPPLEMENT.

ÎV L L IX .
O .

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these
Tables.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When
Forexplanation of column headings, «fee., Bee notes of
of
P ar
pal,When Due.
on first page of tables.
Road. Bond« Value. Outstanding Cent. Payable Where Payable, and bv
—
Last
Whom.
Dividend.
Staten I.Rap.Tran.—(Con.)2d M.,g.,gu.p.«fei. (en.)c&i
1886 $ 1,000 $2,500,000
5 g. J . & J. N.Y., foot Whitehall St Jan. l , 1926
Incomes, gold (non-cumulative).............................. . . . .
1885
1,000
4,500,000 up to 6 g.
1, i946
Stockbridge <- Pittsfield —6 p.c. ren tal N.Y. N.H.«feH,
£
23 . . . .
100
448,700 6 per an. Q .-J .
Stockbridge. Mass.
StuttgartdArkansas Riv.~ 1st M. for $500,000, g..t
34 1891
1,000
450,000
&
5 g- J. < J. July, ’92, coup, last nd. „Oct., 1894
Sum m it Branch (Pa.)—S tock.....................................
20
50
4,010,350
Phiia., 233 S. Fourth St feb.1921
16,1876.
1 st mortgage, sinking fund, not draw n........ ..........
20 1874
1,000
1 , 122,000 See text. J. & J.
SunV ru Haste. < Wilkesb.-Stock (owned ny Pa. RR.)
ë
43
J an- 1, 1904
1 ,000,000
M. <fe N.
7
do
do
May, 1893
1st, Ser. A < B, dr’n a t 100 ($1,000,10© are 5s).c
&
43 1878 100 «fee. 1,185,000 5 < 6 M. « N. Philadelnhia, Perm
&
fe
May 1 , 1928
43 1878 100 «fee. 1,350,000
M. <fe N.
6
Sunbury < Lewistown—S to c k ........................ ........
6
43
50
600,000 8 per an. A. <fe 0. Phiia., Guar. T. < D. Co May |1|, 1938„
&
Oct.
1894;
1st m ortgage........ j ................................................ c’
43 1876
500
500,000
7
J. & J.
Suspension Bridged: Erie Junction—1st M.gu. bj Erie
23 1870
1,000
1 ,000,000
7
J. & J. N. Y. Lake Erie & West. J a |y 1, 1896
Syracuse Binghamton & New York—Stock................
81 ..w.
100
2,500,000 See text. Q .-F . N. Y., D. L. & W. RR. Co. July i ,, 1900
Aug. 1 1894
Consol. M.(p. and i. guar, (end.) by D.L.&W.). c*<fcr
81 1876
1,000
1,966,000
A. <fe O.
7
Oct. 1 , 1906
Syracuse Geneva < Coming—lstM .,s.f.d r’n a tp a r.c
6
57 1875 100 «fee.
748,300
7
M15«feN. N. Y., Farm . L. <fe Tr. Co. Nov. 15,1905.
2d m o rtg a g e.,,_ ____.......... ................................o
_
57 1879
1,000
600,000
5
M. <& S. N. Y., Gr’d Cent. Depot. Mch. 1, i9oo
Tennessee Midland —S e e P ad oca h T en n essee < A LABA MA.
&
Terminal Railroad Association—F irst m ort., gold.c*
1889
1,000
7,000,000
fc
4 12g. A. < 0 . N. Y., Drexel, M. <& Co. Oct. 1, 1939
2d mortgage, gold.......... ....................... ........... ....... . . . .
1893
1,000
5 g.
(?)
do
do
St. Louis Bridge Co. 1st pref. stock, guaranteed. . . . . . . . . .
100
2,490,000
6
J. & J.
do
do
July, 1894
2d preferred stock, guaranteed, endorsed........ . . . .
....
100
3,000,000
3
J. <& J.
July, 1894
1st mortgage, guar, p & i., end., gold..........o* . . . .
1879 500 «fee. 5,000,000
7 g. A. <fe O. New York and London. Apr. 1 , 1929
Tunnel Railroad of St. Louis, stock, guar. (end.). . . . .
....
................
1,250,000
6
J. <fc J. N. Y., Drexel, M. <fe Co.
July 1, 1894
Terre Haute & Indianapolis—Stock .......................c . . . .
50
1,988,150 6 per an. F. <& A. N. Y., Farm . L. & Tr. Co.
See text.
Consol, mortgage, now 1st mortgage, gold.......... 125 1885
1,000
1,900,000
5 g- J. <fc J.
July 1, 1925
New cons. M., g., red. aft. Ju ly 1,1902, a t 1C5..C 125 1892
1,000
600,000
5 g. J. & J.
July 1,
Ind. < L. Mich. 1st m .,$12,000 p. m., gold, guar.,c*
fe
40 1889
1,000
480,000
M. & S. N. Y., Central T rust Co. Sept. 1, 1925
5 g1939
Terre Haute & Logansp.—Is tM., guar, by T.H.«felndJ
93 1879
1,000
500,000
6
J. <fe J. N. Y., Farm . L. <fe Tr. Co. Jan. 1, 1910
1st M. on Logans, to South Bend (2d on 93 m.)gu.
65 1883
1,000
1 ,000,000
6
J. <& J.
do
do
Jan. 1 , 1913
Terre Haute as revria.—1st M., $2,500,000, g., gu.c* 144 1892
1,000
2, 000,000
5 g. M. <fe S. N.Y., Blair, 33 Wall St. Sept. 1 , 1942
Texarkana <• Fort Smith—1st m o rtgage...............
£
. . . . 1889
1,000
200,000
6
1943
30-year gen. 1st mtge., draw n a t 105, g o ld ... c«fer . . . .
1893
1,000
fc
(?)
See text.
5 g- A. < O.
Apl. 1, 1923.
point opposite Elizabetbport, N. J.; total own« d 11 miles; leases Staten I contract to use the property forever and to p ay as tolls a sum intended
Island Railway, 13 m iles; total operated 24 miles. I t has a 99 years' j under ordinary circumstances, to he sufficient to provide for interear
lease of the Staten Island Railway and controls the ferries between
addition to taxes,
New York City and Staten Island and Bay Ridge, L. L; also the ferry 1 on these bonds, in porary unforeseenrentals and other charges and if
owing to any tem
circumstances the net ear nines
betw een Tottenville, S. I., and P erth Amboy, N. J . The bridge over the should not he sufficient to m eet the fixed charges, each line will eon
Kills a t E lizabetbport was completed in 1£90, and since Ju ly 1, tribute its proportion to the ex ten t of one-seventh of $1 000 000 to
1890 the entire freight traffic of the Baltimore < Ohio RR. Co. to and make up any deficiency. Control of the St. Louis Merchants’ Bridge&
from New York has been handled by this company. See V. 51, p. 718 Terminal RR.—see th a t company—was obtained in November 1893.
S e c u r it ie s ,—The Baltimore < Ohio g u araitees the 2d mortgage (V. 57, p. 1084.)
&
bonds and owns a majority of the stock of $5( 0,000 (par $100). The
L ea s e ».—The leases of the Bridge and the Tunnel are for their
second m ortgage covers all the company’s pi operty, franchises, etc.. corporate existence, and were made July 1,1881, to the Missouri Pacific
4‘ except its franchise to be a corporation.” The income bonds are held and the Wabash, bv which companies they were assigned to the present
b y the B. < O. and th e Staten Island Rapid Transit, one-half each. association. The lease guaranteed 6 p er cent on the Bridge Co’s $2 fe
Loans and bills payable, $817,025 on Ju n e 30,1894.
490,000 first pref. stock, 3 p. c. on its $3,000,000 second pref. and 6
p jc ^ jn th e Tunnel Co’s. $1,250,000 common stock.
E arnings .—1 month, > 1894, gross, $155,967; net, $89,002.
Ju ly 1 to Ju ly 31.
$ 18tt3, gross, $147,149 ; net, $83,669.
-»•J^ds” E tc .—’ he mortgage o f 1889 (trustee, Central T rust Company,
T
Fiscal year now ends June 30. In year endii g June 30,1894, gross was described m advertisem ent in C h r o n ic l e of February 13,1892
earnings were $1,031,371; net, $366,640; inteiest, rentals and taxes This mortgage also covers re al estate since acquired, costing $1.539 $309,625; balance, surplus, $57,015. In 1892 93, gross, $1,054,029: 787, subject only (in December, 1893,) to $433,333 of the real estate
net, $337,965. (V. 56, p. 207, 793; V. 57, p. 2£ 6, 412, 809 ; Y. 58, pi notes outstanding. (V. 57, p. 1084.) The second mortgage of 1893 (Cen­
265, 774; V. 59, p. 234, 472.)
tra l T rust Company, trustee), was authorized for $5,000,000 to com­
Stockbridge & Pittsfield.—
V andeusenville to Pittsfield, Mass. plete new depot in St. Louis (expected to be finished in July, 1894) and
23 miles. Leased for 99 years from A pril 1,1893, to N. Y. N. H. < for other improvem ents including the erection of six large terminal
fc
H a rt., a t 6 p er cent on stock. Lessee pays taxes. Old lease to Housa- warehouses on the site of the old passenger station (V. 57 , p. 1124)
hut no issue had been made to July, 1894. I t is said this mortgage will’
tonic is suspended but not canceled.
he canceled and a new one issued. Bills payable Dec. 31,1893 (real
Stuttgart & Arkansas River.—
S tuttgart to Greenwald, Ark., 34 estate) $496,733.
miles. Opened in 1892. Capital stock outstanding, $500,000; par,
Stock .—in April, 1893, stockholders voted to increase stock from,
$100. Mortgage Trustee, Farm ers’ Loan < Trust Co. In terest defaulted $7,000,000 to $12,000,000. O utstanding Dec. 31,1893, $1,441,200.
fc
Ja n u a ry , 1893, and in June, 1893, A. V. Stafford m ade receiver.
In November, 1893, the Term inal RK. Association guaranteed prin­
Summit Branch (Pa.)—
This company’s business Is almos cipal and interest, by endorsement, the $3,500,000 St. Louis Mer­
Bridge
entirely in mining c o al; it leases the Lykens Valley RR., Millersburg chants’ Bridge 1st 5s, and the interest on the $2,000,000 1st 6s of Mer­
proper.
to Y illiam stow n,P a., 26 miles, and has a small branch of its own to chants’
Summit Mines, % of a mile. Operated by the F orthem Central under
A nnual B e p o r t .—Y ear ends December 31. R eport for 1893 in V.
contract. Pennsylvania RR. owns $2,190,200 stock a n d $480,000 bonds 58, p. 1108, showed earnings as follow s:
Gross
Net.
Other inc. Charges.
Surplus.
E arnings . - The earnings from the railroad are included in the North­
e rn Central report, the following being lrom m ining operations only' 1 8 9 3 ...... $1,862,123 $1,055,493 $127.747 $1,031,305 $151,935
1,050,465
142,375 1,006,322 176,518
1 8 9 2 ........ 1,908,001
For 7 m o n th s,) 1894, gross, $525,555 ; deficit, $12,932.
1891......... 1,756,430
938,477
123,665
941,902 120,241
Jan . 1 to July 31. ) 1893, gross, $742,607; net,
$88,986.
In 1893 out of surplus were p a id : improvements, $54,776; int. on real
In 1893 gross, $1,267,210; net, $93,924, agst. net, $114,552 in 1892, estate notes. $26,473. (V. 56, p. 4 6 2 , 669; V. 57, p. 809, 1084,1124r
Sunbury Hazleton& Wllkesbarre.—
Sunbury to Tomhicken V. 58, p. 1 1 08.)
Pa., 43 m. A coal road operated by the Penn. RR. Co., which owns th e
Terre Haute & Indianapolis.— Map Pa. RR.)—Owns from
(See
entire capital stock and $177,000 ls ts (series B) and $488,600 incomes. Indianapolis to Illinois State line, 80 miles, w ith coal branches, 49*
Sinking fund for 1st m ortgage now draws about $9,500 bonds yearly m iles; total, 129 miles. Leases Terre H aute < Logansport RR., 183
&
a t par. Of 1st mortgage $1,000,000 is series A. D ividends .—From May miles; St. Louis Vandalia < Terre Haute, 158 miles; Indiana < Lake
&
&
1889 to ’92, 6 p. c. yearly; in 1893, 8 p. c .; payable semi-ann. Gross Michigan RR., South Bend, Ind., to St Joseph Harbor, Mich., 40 m.; Terr»
earnings in 1893, $668 .s8 9 ; net, $317,915, against $267,822 in 1892; H aute < Peoria [less 7 miles trackage], 165 m.; total, 675 miles.
&
interest, $142,100; dividends, $80,000.—(V. 54, p. 761, V. 56, p. 792.)
H is to r y .— 1893 the Pa. RR. purchased m ajority of stock.
-In
SunDury Lewistown.—
&
Selmsgrove Junction to Lewistown, Pa.,
L ea ses , E tc.—Leases St. Louis Vandalia & Terre H aute RR. (which
43 miles. Leased for 99 years from Ju ly 1,1876, to Pennsylvania Rail­ see) on joint account with Pittsburg Cincinnati Chic. < St. L. RR., at 30
fe
road for contingent interest in net earnings, which in 1888 were per cent of gross earnings, and owns $500,000 of its eom. and $326,000 of
$123,619; in 1889,$171,210; in 1890, $224,967; in 1891, $216,634; in its preferred stock. The Indiana & Lake Michigan is leased for 99
1892, $207,708; in 1893, $197,900. Dividends—From 1883 to 1889, years and its bonds guaranteed, principal and interest. In year 1891-92
inclusive, 6 p. ct. per an.; from 1890 to Oct., 1894, a t ra te of 8 p. c.
the I. < L. M. showed deficit from operating of $6,598, against $7,273
&
&
which see,
Suspension Bridge& Erie JTunctlon.— Buffalo Junction in 1890-91. In October, 1892, leased Terre H aute < Peoria—
E ast
to Niagara Falls and Suspension Bridge, 23 miles; Lockport < Buffalo
fe
D iv id e n d s since 1876: In 1877, 6 per cent; from 1878 to 1884,
Railroad leased, 14 m. Leased to N. Y. L. E. < W. a t 30 per cent of gross inclusive, 8 ; from 1885 to Feb., 1894, inclusive, 6 p. c. per annum ; in
fe
receipts, which are guaranteed to be not less th an interest on bonds, August, 1894, none.
$70,000 per annum. R ental in 1892-93, $75,249. Lessees own $203,000
B onds.—The new consolidated mortgage of 1892 is limited to $600,of the stock ($500,000).
000, and the first mortgage has been restricted to $1,900,000. Re­
S y r a c u s e B i n g l i a m t o n & N . Y .—Geddes, N. Y., to Binghamton funding, etc., of bonds in 1893 reduced annual interest charge by
N. Y., 81 miles. Controlled since 1857 by Delaw are Lack. & Western $17,000. In 1893 six per cent equipm ent notes for $400,000 were is
•which, Ju ly 1,1892, owned $1,972,900 stock and guarantees the bonds sued, m aturing $5,556 monthly. The Vandalia will pay 42 p. o. of thesethe T. H. < L. 17 p. c. and the T. H. « I. 41 p. c. On Oct. 31,1893, bill
fc
fe
D iv id e n d s .—In 1888, 8 p. c. and 4 extra; 1889,8; in 1890, 8; in 1891 payable, $355,593.
|
’
8 and 5 e x tr a ; in 1892, 8 ; in 1893, 8 per c e n t; in 1894, Feb., 2 p c.
E a r n in g s —Di year ending June 30, 1893. gross on 634 miles, $4r
May, 2 p. c.; Aug. 2 p. c.
458,514; net, $1,146,650; fixed charges, $953,271; dividends, $119,In year ending June 30,1894, gross, $888,095, against 289; balance, surplus, $74,090. In 1891-92 net, $1,215,839.—(V. 54, p.
$936,350 in 1892-93; n et $402,634, against $432,620; surplus over 846; V. 55, p.590,766.)
charges and dividends, $24,533. V. 55, p. 4 6 J , 806; V. 56, n. 290
Terre K aute& Peoria.—
K
Road operated from Terre Haute,
Y93; V. 57, p. 299, 375, 854; V. 58, p. 306, 817; V. 59, p. 234, 422.)
Ind., via Decatur, to Peoria, 111., 172 miles, of which 144 miles are
Syracuse Geneva«k Corning.—
Owns from Coming, N. Y., to owned and 28 miles is by trackage over other roads. From Oet. 1,1892,
Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 m. Leased to Fall leased for 99 years to the Terre H aute < Indianapolis a t rental of 30
&
Brook Railway Co. Stock is $1,325,000 (par $100), of which N. Y. Cen­ per cent of gross earnings, with a minimum sufficient to pay interest
tra l < Hudson R iver owns $662,600. In 1893-94 gross earnings were on debt. See V. 55, p. 766. Stock is $1,837,400 preferred 6 per oent
fe
$645,158, against $789,771 in 1892-93; net, $209,143, against $281,- non-cumulative and $1,926,800 common; par, $100—of which the lessee
©89; rentals and taxes, $224,705; loss to lessee, $15,562, against profit owns $544,200 preferred and $1,388,000 common.
$11,650 in 1892-93. (V. 59, p. 29 0 .)
6
*
The bonds of 1892 [Union T rust Co., mortgage trustee], carry the
guaranty, endorsed on each, as to principal and interest of the Terre
Terminal RR. Association of St. Lonis.— p e r t y .—Owns H aute < Indianapolis. In year ending Oet. 31, 1893, gross earnings,
Pr o
fc
an d operates extensive term inals a t St. Louis, with, belt lines and $416,157; net, $22,689; loss to lessee, $102,159. (V. 55, p. 590,766.)
bridges, and a tunnel 4,800 feet in length.
Texarkana & Fort Smith.— Map K. C .P. & Gulf.)—
(See
Owns
Organization ,—Organized in 1889. The following companies are road in operation in March, l« y i, from icA araaua, Texas, north to
eoie ow ners: Cleveland Cincinnati Chicago < St. Louis, Louisville A Alieue, Ark.. 51 miles, and 47 miles more graded. Projected northward
fe
Nashville, St. Louie Iron M ountain & Southern, Ohio « Mississippi, to t o r t Smith and southward to near Galveston Bay, Tex., with an
&
Missouri Pacific and
These companies have a g im i imdei extension to New Orleans. Capital stock authorized, $4,000,000; out-




Septem ber , 1894.]

RAILROAD STOCKS A N D

127

BONDS.

Subscribers will confer a great favor by giving immediate notiee of any error discovered in these Tables.
Bond«—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due«
Miles Date Size, or
Amount
P ar Outstanding R ate pier When Where Payable, and by Stocks—L ast
of
an at,ion of column headings, &c., see notes of
For e x p i a i onflrst page of tables.
Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
! fiant
5 p.o. non-oum.
fee.•V6n —Stock ($1,324,500 isgold, red. a t 105 pf.)
- - - - - for $2.000,000
.. 0*
u t mortgage ^«fco Ann nnn «-old, re
,xas dt N. Orleans o f ’74—Land grant, 1st M..o*&r

177
105
104
209
1,499
505
1,387
1,387

rnnsoL^mortgage for $4,19?,000...................e*&r
nnn non
ftvasM. (E astern Div.), gold, s. f. red. a t 100....C
*
■
1st <
1st consol, mort, for $25,000,000, gold............. o
i l consol. M. ($25,000,000), gold (seerem .)....c
Car trusts (as on Dec. 31,1893, payable m onthly
» ....
ml a t
38
Terns iabine Val.<& N. T V ___l o f TIT $12,000 r\ m ., g..o
W.—1st M. A nn p.m cr n
General m ortgage, $17,500 p e r m ile....................... —
Third Avenue^-se e “ M iscellaneous Com panies .”
S S I r r .—Stock '$189,700 is p refe rred )..................
46
11st M due 1882 an d extended, g o ld .................
Third-rail mortgage
46
Extension bonds.. . . . . . . . . . . . . . ----......................
7
Elmira State Lme Railroad 1st mortgage, guar
Toledo Ann Arbor < North Michigan—Stock.........
£
55
Toledo Ann Arbor & Gr. Trunk 1st mort., gold.o*
97
Tol A. A. & N.M. lstM .,E m eryto St. L.,Mich.g.c*
21
Tnl A.A.&Mt. PleasantlstM .,St.L.toM t.P.gold.e*
63
Tol A. A. & Cadillac lstM .,M t. P. to Cadil., gold.c*
40
Tol A A. & L. Mich. 1st M., Cadillac to Copemish..
Tol' a'. A. < N. M. i Vmsoi. M. $10.000,OOO.gold.o* 283
S
Car trusts. Jan. 1.1894, incl. interest $222,000..
23
Frankfort & So. E astern 1st mortgage, gold
Toledo Columbus Cincinnati—Se e T oledo & O h i o Cen
loledo < Ohio central—Common stock......................
t
preferred stock.......... .........................M......... .........
1st mortgage, gold (See te x t)................................... 197
Western Div. 1st mort. for $2,500,000, gold....c* . . . .

1893
1875
1882
1893
1875
1888
1888
1888
1893

$1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000

$3,974,000
500,000
1,620,000
2,575,000
1,620,000
38,710,900
3,784.000
21,037,000
23,158,000
435,5 52
473,000
50,000

1889

1,000

580,900
239,500
125,000
265,000
160,000
6,500,000
1,260,000
2,120,000
400,000
1,260,000
767,000
1,343,000
65.000
234,000

1885
1892

100
100
1,000
1,000

6,500,000
3,708,000
3,000,000
2,500,000

50
1852 500 &c.
1,000
1876
1,000
1875
1875 500 «fee.
100
1*881 1,000
1,000
1883
1,000
1886
1,000
1886
1,000
1889
1,000
1890
TRAL.

6 g. A. & O. N.Y., Moran, 68 Wm. St
P. & A. N. Y .,S.Pao.,23B r’dSt.
7
M. & S.l
do
6 S- J . & J. N. Y.,do
Central T rust Co.
5 g.

Apr.
Aug.
Sept.
Ju ly

1,
1,
1,
1,

1923
1905
1912
1943

6 g. M. & S.!N.Y.,Merc.Tr.Co.&Phil. Mch. 1, 1905
J . & D.
do
do
June 1, 2000
Deo. 1, 2000
None paid.
i l : Mch. l.J
1894-’98.
J . & J. Jan., ’93, coup, last pd. Ju ly 1, 1938
Jan. 1, 1943
ï s- J . & J.

?g
>
7
7

M.
M.
A.
A.

&
&
&
&

N. Phil. ,Newbold’s Son&Co
N. N. Y., N. Y. L. E. & W.
O. Elmira, ChemungCo.Bk.
O.
do
do

J.
M.
M.
M.
J.
J.

& J. J a n .,’93, coup, last pd.
& N.!Nov.,’92, coup.last paid
< S.lMch., ’93, coup, last pd.
fe
& S.¡Mch., ’93, coup, last pd.
& J. J a n .,’93, coup, last pd.
& J. J a n .,’93, coup, last pd.

Nov.
Nov.
Oct.
Oct.

1,
1,
1,
1,

1915
1896
1905
1905

Jan. 1, 1921
May 1, 1924
Sept. 1, 1916
Mch. 30,1917
Ju ly 1, 1919
Jan. I, 1940
$10,500 m’tly.
6'g. J. & J. J a n .,’93, coup, last pd. July 1, 1919

6'g.
6 g.
6 g.
6 g.
6 g.
5 g.

Q .-J .
J. & J.
% g.
5 g- A. & O.

N. Y., Central T rust Co.
do
do
do
do
do
do

Nov. 25,1893
Aug. 20,1894
July 1, 1935
Oct. T, 1935

standing, March, 1894, $100,000: par, $50. General mortgage is for began to exchange trafflo w ith the Green Bay Winona & St. Paul
495 000 per mile of single or $40,000 per mile of double track. Cou- j across Lake Michigan. (V. 56, p. 247.) On April 28,1893, Wellington
nons up to and including th a t of April 1, 1897, are payable only to R. B urt of Toledo, Ohio, was appointed receiver. In terest due May 1,
istent earned and are non-Cumulative. Mo. K. & T. Tr. Co. is trustee. 1893, was not paid. V. 56, p. 574, 841. Foreclosure suits pending.
Bill for foreclosure of F rankfort & Southeastern filed in Feb., 1894,
In 1893 gross earnings, $59,437; net, $14,051.
and Mr. B urt was appointed receiver of th a t road also.
Texas C e n t r a l . —See July, 1894, S u ppl e m e n t .
B onds .—The first mortgage of
from Toledo to
Texas & N e w O r l e a n s ( o f 1 8 7 4 ).—Houston, Tex., to Orange, South Lyons, 63 miles, of which 1881 covered roadthe 8 miles frbm
in August, 1890,
(Sabine River), 105 m iles; and Sabine City to Rockland, 103 miles.
Emery to South Lyons was solo and is no longer operated. Consoli­
Securities E tc .—A reorganization in 1874. The stock is $5,000,000 dated mortgage trustee is Farm ers’ Loan & Trust Company.
all but $2,500 of it being owned by the Southern Pacific. In addition
Of th e consols for $1,343,000 outstanding Jan. 1,1894, $850,000
to above bonds there are $405,997 Texas S3hool bonds. Subsidy lands were pledged to secure floating debt.
Jan. 1,1894, were 734,969 acres; other lands 115,523 acres. In April,
C o m m ittees .—Bondholders’ comm ittee: G. W. Quintard, Chairman,
1893, $500,000 S abiie Division 6s were issued. The consolidated
Simmons, R. M. Gallaway and E.
mortgage of 1893 (N. Y. G uaranty & Indem nity Co., trustee) secures 6 Wall St., N. Y., A. F. Eno, J. E dw ard Co., 54 Wall St.,N. Y. A reorganiK. W right; depositary, Central T rust
equally both the consols and the Sabine div sion bonds; the la tte r zation plan has been prepared and will soon be made public. V. 59, p. 71.
being exchangeable for consols, prior to July 1,1894. Debentures due
Grand Trunk”
Michigan” committee
December 1,1893, for $584,000 were retired a t m aturity from the pro- Simon Borg, C. J. and “ NorthH. K. McHarg and J. H.are R. C. M artin,
Lawrence.
Oliphant; depos­
eeeds of consols sold in August, 1893.
itary, M etropolitan Trust Co., 37 Wall St., N. Y. V. 59, p. 192.
Earnings.—7 months, ) 1894, gross, $839,127; net, $329,931.
A committee is being formed by Henry Clews & Co. to represent T. A.
Jan. 1 to Ju ly 31.
) 1893, gross, 1,080,859; net, 500,045.
A. & Cadillac, T. A. A. & Lake Michigan and T. A. A. & Mt. P leasan t
In year 1893 gross, $1,759,301; net, $784,938.
firsts. V. 59, p. 516.
Gross in 1893 $1,765,301; net, $790,940; surplus including other
eorganization P lan .—In September, 1894,
com m ittee composed
income over charges and taxes, $477,500. In 1892 gross, $1,690,227; ofRGeorge W. Murray, Chairman, Thomas A. aM cIntyre, William H.
net, $764,279. (V. 56, p. 700; V. 57, 218, 256.)
Male, Joseph Richardson and Henry S. Redmond presented a plan,
T exas & P a c if ic .—Road New Orleans, La., westerly to E l Paso, given in V. 59, p. 516. The p lan proposes the form ation of a new com­
Texas, 1,159 miles; Marshall via Texarkana Junction and Whitesboro pany to issue (1) $7,000,000 gold 50-year, 5 p. o. bonds, of which $5,to Fort Worth. 318 m iles; branches, 22 m iles; total, 1,499, of which 93 767,100 to be reserved for outstanding bonds. (2) New 5 p. o. nonmiles, Sierra Blanco to E l Paso, is trackage, and 19 miles, Shreveport cumulative preferred stock, $1,232,900. (3) New common stook,
to State line, leased, leaving 1,387 miles owned.
$6,500,000. Old Toledo A. A. & N. M. common is assessed $5 per share,
Organization —In 1888 reorganized by the plan in V. 43, p. 164, and receiving new preferred therefor.
The plan will reduce fixed oharges from $420,570 per annum to
V 45, p. 401, without having the foreclosure sale confirmed, thus pre­
,
serving the original Federal oharter. Land assets Jan . 1, 1894, were $288,355. Depositary for old bonds under above plan is Farm ers’
92,870 acres, valued w ith town lots a t $500,000, and land notes $94,- Loan & Trust Co., N. Y. For stook, A tlantic T rust Co., N. Y.; $1 per
share is payable on deposit of stock.
372. See also Texas Pacific Land Trust in “ Miscellaneous Cos.”
F loa tin g D eb t .—On Jan . 1,1893, balance sheet showed bills pay­
Stock.—Mo. Pacific Ju ly 1,1892, owned $6,525,000 stock.
and accounts, $212,686; accrued interest due
Bonds.—Trustee of first mortgage of 1888 is Fidelity Ins. T rust & Safe able, $149,073; vouohers in January, 1894,
after Jan 1, $54,400; but
Deposit Co., of Philadelphia; of second mortgage of 1888 Mercantile overdue .interest, but not car trusts, wasthe floating debt, including
about $L,250,000. This
Trust Co., of New York. (See mortgage abstracts, V. 47, p. 82.)
Deo. 31,1893, Texas school loan was $138,500. for which $167,000 includes receivers’ certificates for $142,000 See V. 56, p. 751,754.
E arnings .—6 months, ) 1894, gross, $496,711; net, $120, 96.
first consolidated 5s are reserved; $89,000 old bonds unredeem ed; in­
Ja n . 1 to June 30,
> 1893, gross, 515,674; def., 10,924.
terest scrip, income and land gran t bonds (retirable under reorganiza­
tion agreement), $298,493 ; other serip, $15,912.
Annual R eport .—Fiscal year ends Dec. 31. Report for 1892 was in
General F inances .—N o interest was paid on second m ortgage bonds V. 56, p. 751. Operating expenses it is understood were excessively
March 1,1892. See provision above and V. 54, p. 486. On Dec. 31, low and did not allow o f proper m aintenance.
Year ending Dec. 31—
1891.
1892.
1893.
1893, besides car tru sts as in table there were outstanding only $100,284
303
307
900 bills payable, against $323,281 Deo. 31,1892. The company has Average mileage...........................
$1,038,243
been spending much money in needed improvements, $281,268 of the Gross earnings............................... $977,254 $1,099,651
Operating ex p en ses...................... 579,272
678,106
1,055,469
amount so spent in 1893 being included in operating expenses. About
59-28
61-67
187 miles o f iron rails rem ain to be replaced by steel, and this, it is Per cent of expenses to e am ’gs.
hoped, will be accomplished by Jan. 1,1895.
$421,543 def. $17,226
Net earnings............................... $397,982
Latest E arnings .—Jan. 1 to Sept. 7, 1894 (81* months), gross
$421,543
$5,840
Net, including other incom e....... $397,982
$4,017,753, against $4,315,892 in 1893.
405,912
408,544
396,597
Annual R e p o r t .—Fiscal year ends Deo 31. Annual m eeting is held interest, taxes, etc .......................
in New York on the th ird Wednesday in March. Report for 1893 was
$13,001 def.$400,072
Surplus for year..........................
$3,852
in the Chron icle , V. 58, p. 493,510.
(V. 56, p. 754.841.1058; V. 57, p. 423, 557 , 684, 723, 765 ; V. 58, p.
Year ending Dec. 31— 1890.
1891.
1892.
1893.
Gross earnings.......... $7,327,711 $7,226,462 $6,987,701 $7,334,294 514, 641, 683, 736; V. 59, p. 71,192, 516.)
Net earnings.............. 1,467,006
1,510,741
1,309,492 1,912,765
T o le d o Sc O h io C e n t r a l .—(See Map)—Owns from Toledo, O., to
151,156
96,151
115,920
117,768 Corning, 185 miles, including 12 miles leased; Toledo, via Columbus to
Other receipts...........
Thurston, 161 miles, including 5 miles leased; total owned, 329 miles.
Total income ....$1,618,162 $1,606,892 $1,425,412 $2,030,533 Leases also, Corning southwardly, 13 m iles; Glouster to Carrington,
Paid rentals, etc....... $94,978
$82,079
$84,955
$91,127 11 miles; total leased, 41 miles; to tal operated, 368 miles. The ex­
1,279,490
1,279,490
1,279,490 tension from Kenton to Columbus, 60 miles, was completed in Sept.,
Interest on debt........ 1,279,490
1893, affording a short route to Chicago via Chicago & Erie.
Surplus for year. $243,694
$245,323
$60,967
$659,916
O rganization .—Formed after
of the Ohio Central
Newequip. &real est. 390,383
212,302
204,424
132,819 main fine on ADril 15, 1885. Insale in foreclosure large interest in the
October, 1890, a
Kanawha & Michigan (which see) was acquired, and in June, 1893, an
Balance............def.$146,689 sur.$33,021 def.l43,457sur.$527,097 extension of the K. & M. connecting with the Ches. & Ohio was opened.
-(V. 55, p. 314, 332, 857; V. 56, p. 4 6 0 , 465; V. 58, p. 4 9 3 , 510.)
The Toledo Columbus & Cincinnati was purchased in 1892—see term s
T e x a s S a b in e V a lle y & N o rth w e s te r« » .—Longview Junction, V. 55, p. 590, and as since extended forms the Western Division.
Texas, to Carthage, Texas, 38 miles. Extension of 30 miles proposed
C apital Stock .—Common stock
increased in February, 1891,
under charter of Texas & Sabine Valley RR.,of which 2 miles to Boren, from $1,849,000 to $4,849,000, and was March,
in
Tex., built in 1893. Sto c k .—Authorized and outstanding $475,000; extensions, rolling stock ana improvements. 1893, to $6,500,000, for
par $100. Leon H. H art appointed receiver Sept. 20,1893.
The preferred Is entitled to 5 per cent non-oumulative, then common
Earnings.—7 m onths, ) 1804, gross, $23,207; def., $3,306.
to 5, then preferred to 2, then common to 2, then both share, pro rata.
Jan. 1 to Ju ly 31,
) 1893, gross, 30,867; net, 9,633.
D iv
.
per
For year ending Ju n e 30,1893, gross, $55,731; net, $20,481; interest, 1893, id en d s1—On common: In 1891, 256, cen t; in 1892.4 p. o.; in
June, p. c.; Nov., 1 p.
See V.
froth
taxes and im prov ments, net, $50,070; deficit for year $29,589. In October, 1890, to Aug., 1894, o. p. c. yearly p. 887. On preferred Ju ly ,
5
(11* quar.) Div. due
1891-92, gross, $48,274; net, $12,0o3.
1894, on preferred postponed till August, 1894.
T io g a .—See July, 1894, S u ppl em en t .
B onds .—Issue of bonds u nder the first mortgage has been limited by
T o le d o A n n A r b o r A N o r th M i c h ig a n .—Owns from Toledo, terms of Western Div. mort. to $3,000,000 in all, See V. 53, p. 436.
0., to Beecher, 272 miles, and branches, 8 miles; trackage, 4 miles >
IVestern Division mortgage for $2,500,000 covers the road from
total, 284 miles. Proprietary line Frankfort & Southeastern RR., Toledo to Columbus, 132 miles, w ith branch, 3 miles, and also
Beeoher to Lake Michigan, 23 miles. Total 307 miles.
(subject to the first mortgage of 1885) the rest of the property. The
R e c e iv e r s h ip .—A consolidation of the several Ann Arbor companies final issue of $199.000 West. Div. bonds sold for term inals, equipm ent,
whose bonds appear in the table above. In December, 1892, company ! etc., w as liBtedin N. Y, in June, 1894. See V. 55, p. 322,545, 590, 625.




1*8
INVESTORS’ SUPPLEMENT.




S e p t e m b e r , 1894.]

KAILKOAD

STOCKS AND

BONDS.

1 9 9

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds—Princi­
RAILROADS.
INTEREST OR DIVIDENDS.
Miles D ate Size, or
pal, When Due
Amount Dn+A
ÄUUIUUU
of
P a r OutstandingI!Kr JAA. When Where Payable, and by Stocks—L ast
Axnianation of column headings, &c., see notes of
er Payable
Road. Bonds Value.
*or v
on first page of tables.
Whom.
Dividend.
vnledo dk 0. Cent—(Conel.)—Gen. M. ($2,000,000).
rax trusts, Series 2, 3, 4 and 5, Dec. 1 ,1 8 9 3 .......
vnUdo dk Ohio Cent. Extension—Stock.......................
^Marietta Mineral 1st M., g.......................................
1 st m ortgagefor $1,500,000,gold......................c*
General mortgage......................................................
ToUdo Peoria TFesi.-lstM ., (for $5,000,000), g.o*
vnledo St. Louis dk Kansas Oity.^Common sto ck ...
^ Preferred stock, 4 per cent, non cumulative........
1st mortgage, gold (redeemable a t 105)............e*
Eauipment contracts.......... - - - - . ............................
foieilo Saginaw dk Jfws/befirow—Stock.......... ...........

—

1894

....

45
15
230
451
451
451

1885
1888
1891
1887
1886

5
$764, 999
7
1.500, 000
lOO&c.
650, 000
J &
1,000
850, 000
1,000
600, 000
i g1,000
4,895, 000
4 g.
100 11,250, 000
100
5,805, 000
9,000, 000
1,000
6g.
397, 865
1,600, 000
1,000
1,560, 000
100
2.500, 000
1,000
1.500, 000
4^2 g.
1,000
1,008, 000
4 ^ g.
100
205, 000
1,000
250, 000
”3’
1,000
190, 000
5
50
274, 000 7 per an.
.........

$100

96 1888
Toledo1
Wa^umding Valley & Ohio—Stock................. 125Gen. M. ($20,000 p. m.), gold, A, guar. p. <fei..e*&r 125 1891
1893
do
do
B,
do
c*
— -------Traverse City BE.—Stock........
26 1883
1st mortgage, rental guaranty, Gr. Rap. & In d ...
1883
Incomes (not to exceed 5 per cent).........................
Troy d Greeribush—Stock, 7 per cent rental, N.Y.C. ‘ 6
k
Tunnel BR. o f St. Louis—See T er m in a l A ssn , o p St . L o UIS.
1,000
Tyrone dk Clearfield—1st M., guar. p. & i. Pa. R R .. 105 1882
100
Tflster dkDelaware—
Stock ($3,000,000 authorized)..
1,000
Consol. M. for $2,000,000, gold.........................o* ÌÒ2 1888
100
Unadilla Valley—Stock................................................
1st M., $250,000, $12,500 p. m., gold, red. a t 110 . . . .
1893 500 &o.
TJnion Elevated—See B rook ly n E le v a ted .
100
Union Pacific—Stock....................................................
1st M-, Omaha to near Ogden, 1,035 miles, gold.. 1,035 1866-9 1,000
2d mortgage, currency (Government subsidy)— 1,035 1866-9 1,000
1,000
S. F. 3d M. on road (1st on land) g., see tex t. .c<fcr 1,035 1873
Omaha bridge bonds (s. f. draw n a t 110),gold.c*&r
4 1871
£200
4 1885
1,000
Renewal (sinking fund, n ot drawn), gold........ o
The Toledo & Ohio Central guarantees principal and interest on
Kanawha & Michigan bonds—see th a t company. As to Tol. & Ohio
Central Extension bonds, see th a t company.
General F inances .—Interest charge for 1893-94 will be $275,000,
the increase being due to extensions. Issue of $2,000,000 5 p. c. bonds
secured by a general mortgage on the entire property was authorized
in July, 1894, of which for purchase of coal properties, $400,000; Col­
umbus term inals and for extensions, $400,000; car tru sts as they
mature, $700,000; balance for general purposes. V. 58, p. 943. Loans
and bills payable June 30,1893, $223,465.
Earnings.—1 m onth, 5 1894, gross; $169,886; net, $62,276.

July 1 to Ju ly 31, (1893, gross, $165,463; net. $57,631.
Surplus over 7 m onths’ charges $27,425 in 1894, against $32,515.
A nnual R epo r t .—Fiscal year ends June 30. Annual m eeting is held
at Toledo on the first M onday in September. R eport for 1892-93 was
in V. 57, p. 593, and includes operations of the Toledo Columbus &
Cincinnati, about 80 miles, from Nov. 1,1892. F or year 1893-94 (in­
cluding T. Col. & .C. entire year) gross, $1,648,539; net, $553,682.
1892.
1893.
Tear ending June 30—
1890.
1891.
285
Mileage operated.______
235
238
238
Gross earnings............... .$1,388,749 $1,501,822 $1,561,339 $1,963,651
Net over op. ex.& taxes. . $545,639 $468,015 $506,306 $642,317
30,760
25,564
15,568
Gther income...................
33,018
Total net income.......... . $576,399
Paid interest on bonds.. . $150,000
31,636
Interest on car tru sts ...
30,133
Rentals.............................
92,625
Dividends........................
555
Miscellaneous .-..............

$501,033
$150,000
36,878
33,019
167,966
14,802

$531,870
$150,000
31,226
34,267
294,488
3,738

$657,885
$190,000
40,371
35,885
327,136
13,310

$18,151
$51,183
Balance, su rp lu s............ . $271,450
$98,368
-(V . 57, p. 22, 300, 547, 5 9 3 , 854, 894; V. 58, p. 476, 943, 1035.)
Toledo Sc Oblo Central Extension.—
Owns from M arietta to
Newton, Ohio, 45 miles, connecting w ith the Toledo & Ohio Central
main Line; branches to Stewart, etc., 15 miles; trackage M arietta
to Moore’s Junction, Ohio, 3 miles. Of the firsts $300,000 (Nos.
1 to 300) had interest guaranteed by the Toledo & Ohio Central Rail­
road Co.; but all the coupons due Nov. 1, 1893, went unpaid. The
guaranteed interest is being paid by th e T. & O. C. A receiver was ap­
pointed in Nov., 1893; receiver now is T. D. Dale, of M arietta, Ohio.
Receivers’ certificates for $25,000 have been issued. Foreclosure suits
under three mortgages have been consolidated. J. S. Duran, 146 Broad­
way, N. Y., is secretary of bondholders’ committee. (V.57, p. 854,894.)
Toledo PeoriaSc Western.—
Owns from Effuert, Indiana State
line, to Warsaw, HI., 220 m iles; La Harpe to Iowa, 111., 10 miles;
trackage to Peoria and Burlington, la., 17 miles; total operated, 247
miles. H istory .—Form erly leased to W abash; sold in foreclosure
October 29, 1886. Stock , $4,500,000, of which $423,100 is in the
treasury. B onds .—A bstract of mortgage (Charles Moran, Thomas
Denny and Cornelius B. Gold, trustees) V. 45, p. 242. Company owns
$105,000 of the bonds.
In 1893 control was purchased by the Pa. RR. In 1894 jo in t owner­
ship and m anagem ent by Pa. RR. and C. B. & Q. was arranged.
Interest due Ju ly 1,1894, on 1st m ortgage 4s was not paid. I t is
proposed to fund coupons of Ju ly 1,1894, and Jan. 1, and Ju ly 1,1895
(3 coupons), giving therefor $5 in cash and $15 in debenture 5 p. c.
scrip payable 10 years from Jan. 1,1895, and secured by deposit of
the coupons funded. Bills payable Ju n e 30, ’94, $47,900.
E arnings.—2 m onths, 5 1894, gross, $160,072; n et, $40,832.
July 1 to Aug. 31, (1893, gross, $158,924; net, $36,476.
Annual R eport .—Fiscal year ends June 30. R eport for 1893-94 in
V. 59, p. 514, showed results as follow s:
Inl.dk Taxes.
Balance.
Year.
Gross Earns. Net Revenue,
$232,003 sur. $50,602
1891- 92........... $1,017,791
$282,605
1892- 93..........
985,633
232,240
sur. 12,984
245,224
1893- 94..........
914,782
183,961
234,400
def. 50,439
-(57, p. 5 93; V. 57, p. 9 8 0 ; V. 59, p. 29, 514.)
Toledo St. Louis Sc Kansas City.— —Owns from Toledo
R oad
to E ast St. Louis, 451 miles (61 ^ lbs. steel); sidings, etc., 72 miles,
also has trackage to St. Louis and Toledo Union depots.
H istory .—Successor to Toledo Cincinnati & St. L oris narrow-gauge
road, foreclosed December 30,1885, and in 1890 made standard-gauge.
R eceivership , R eorganization . &c.—On May 1 9 ,1 8 9 3 , S. R. Calla­
way, the President, was made receiver. See V. 56, p. 841. In Novem­
ber the bondholders’ committee (address, Continental T rust Co., N. Y.),
consisting of John O. Havemeyer, H. O. Armour, R. B. Hartshorne,
0. T. Bannard and Morton S. Paton, announced th a t over $7,000,000
bonds had been deposited w ith them. See V. 57, p. 894. Continental
Trust Co. certificates of deposit of bonds were listed on New York Stock
Exchange in Nov., 1893. Suit filed to foreclose the first mortgage.
Stock.—The preferred is a 4 per cent coupon stock, non-cumulative,
and without voting power, b u t the certificates contain the following
provisions; “ This stock constitutes a lien upon the property and net




1,000,000
1,794,600
1.852.000
200,000
Nil, Feb., ’93
60,868,500
27,229,000
27,236,512
3.730.000
386,000
1.056.000

5

Quar.
M.
M.
F.
J.

&
&
&
&

Quar. instai.

N. May, ’93, coup, last pd.
N,
See text.
A
In default.
J, Jan., ’94, coup, last pd.

May
Nov.
Aug.
Ju ly

1,
1,
1,
1,

1915
1938
1911
1917

J. & D. Dec. ’92, coup, last paid June 1, 1916
Monthly.
J. & J. N. Y., Office, 271 B’way. Ju ly 1, 1918
J. & J. N.Y., Farm ers’ L’n & Tr. July 1, 1931
J. & J.
do
do
Ju ly 1, 1933
J. & J. N. Y., Winslow, L. & Co. Jan. 1, 1933
Jan. 1, 1933
N. Y., Gr. Cent. Station.
J. & J. All owned by Penn. RR. Jan. 2, 1912

"d
s ’g. J. " & " . N. Y., Central T rust Co. Ju n e Ï , Í928
5 g. J. & J.

New York City.

J. & J .'J a n .,’94, coup, last pd.
....... U.S.Treas., atm aturfty.
6 g'
8 g. M. & S. N. Y., Un. Trust & Bost.
8 g. A. & O. Lon. & N. Y., Drexel M.
5 g. A. & OJN.Y., Union Tr., & Bost.

Jan. 1, 1933
Apr. 1,
1896 to
1896 to
Sept. 1,
Apr. .1,
Oct. 1,

1884
1899
1899
1899
1896
1915

earnings of the company nex t after the company’s existing first m o rt,
gage. The company will create no m ortgage of its m ain line other
than its first mortgage, nor of any p a rt thereof, except expressly sub­
jec t to the prior lien of this certificate, w ithout the consent of the
holders of a t least two-thirds of this stock present a t a m eeting.”
Preferred stockholders committee appointed in July, 1894, consists of
J. M. Quigley, of N. Y., H alsey J. Boardman, Boston, and Charles
Hamlin, Bangor, Me.—V. 59, p. 154.
B onds .—The first mortgage, $20,000 per mile, covers the term inal
property a t Toledo and E. St. Louis. Farm ers’ Loan & Trust Co. (and
J. E. McDonald, m ortgage trustee). A bstract of mort. in V. 45, p. 403.
On Ju ly 1,1892, there were $450,297 notes payable, and $397,865
equipm ent contracts, and in March, 1894, these amounts were said to
be still approxim ately correct. Coupons of Ju n e 1,1893, are unpaid.
L atest E arnings .—From Jan. 1 to Sept. 7,1894 (8X months), gross,
4
$1,009,036, agst. $1,225,761 in 1893. For receiver’s report of receipts
and disbursements to M arch 31,1894, see V. 58, p. 683.
A nnual R eport .- Fiscal year ends June 30. Report for 1891-92
w ith balance sheet was in V. 55, p. 542. In year 1892-93 gross earn­
ings, $2,167,074; net, $412,977, against $554,815 in 1891-92; charges,
$622,500. N. Y. office, 44 Wall S tre et—(V. 57, p. 91,145.218,470, 583,
894,1040; V. 58, p. 224, 683; V. 59, p. 154.)
Toledo Saginaw Muskegon.—
Sc
From Muskegon, Mich., to A
sh­
ley,Mich., 96 miles, connecting w ith the Toledo Ann Arbor & North
Michigan. On August 1,1888, th e Grand Trunk of Canada purchased
the$1,600,000 stock issued ($2,800,000 authorized), and above bonds
were issued having a traffic guarantee from th a t road and the Chicago
& Grand Trunk. In 1893 gross earnings were $106.210; net, $1,009;
interest, $78,000; deficit, $76,991, of which $35,566 was advanced by
Gr. Trunk and Ch. & Gr. Trunk. In 1892 gross, $124,420; net, $19,047.
Toledo Walhonding Valley Ohio.
Sc
—Owns road in opera­
tion from Toledo Junction to Toledo, O., 80 miles, and from Loudonville to Coshocton, O., 45 miles; trackage, 7 m iles; completed as now
in April, 1893, to en ble Penn. RR. to share in Toledo coal traffic, &0.
Leased for ne t earns, to the Penn. Co., which guarantees prin. and int.
of the bonds. The mortgage is for $4,000,000; there is a sinking fund
of 1 per cent, if bonds can be purchased a t par or less; otherwise it
lapses, the bonds not being subject to call. In 1893, gross, $556,501;
net, $111,200. Surplus over charges, $21,264. In 1892 gross, $506,238; net, $97,625; surplus, $7,606.
Troy Sc Greenbush. -Owns from Troy to Albany, 6 miles ; leased
to N. Y. Central in 1851.
Ulster & Delaware.—
Owns from Rondout (Hudson River), N. Y
.*
to Stamford, 74 miles; proprietary roads leased, entire stock owned.
Delaware & Otsego RR., H obart to Bloomville, 9 miles; Stony Clove &
Catskill Mt. RR. (narrow gauge), Phoenicia to H unter, 15 m iles; H obart
Branch RR., 4 miles. Owns K aaterskill RR., 7 miles. Total, 109 miles.
B onds .—The Delaware & Otsego is to be extended to Oneonta,
18 miles. In June, 1893, $334,000 first mortgage bonds were issued
to purchase all the securities of the Stony Clove & Catskill Mt. road.
The mortgage of 1888 covers all the property owned or acquired w ith th e
bonds except the franchise to be a corporation.
E arnings .—7 m onths, ) 1894, gross, $224,104; net, $55,619.
Jan. 1 to July 31.
) 1893, gross, 235,061; net, 69,887.
In year ending June 30,1893, the gross earnings were $433,469; net,
$125,120; interest. $73,646; surplus, $51,474. In 1891-92, gross,
$399,866; net, $111,927. (Y. 56, p. 403, 502; V. 57, p. 22, 595.)
Union Pacific Railway.— Mo».;—Lines owned directly.—
(See
Main line (former U. Pao. RR.) Council Bluffs to Ogden and branches,
1,039 miles; former Kansas Pacific Railway, Kansas City to Denver,
643 miles, and Leavenworth to Lawrence, 34 m iles; former Denver
Pacific R’y, Denver to Cheyenne, 106 m iles; total owned, 1,822 miles.
The Kansas Pacific was organized as “ Leavenworth Pawnee & West­
ern” in 1861; then changed to “ Union Pacific, E astern Division,” Ju n e
6,1863, and to “ Kansas Pacific” on March 3,1869.
The “ Union Pacific System ” on Jan u ary 1,1894, com prised:
Lines owned dk controlled. Miles
Lines owned dk controlled. Miles.
"
Union Pacific........................ 111,822 Kansas City & Omaha........ H 193
Denv. Leadville & Gunnisonll 325 Un’n Pac. Denver & Gulf. ..111,003
Ft. Worth & Denver City_ IT 469
_
Kansas C entral.................... 165
Omaha & Republican Y al.... 482 U. P. Lincoln & Colorado... IT 225
Oregon S. L. & U tah N o r....Ill,425 Seven small roads.................. 272
Ore. R &N. Co.’s, rail lines.fil,059
Total “ Un. Pac. Sys.” ...7,691
St. Joseph & Grand Isl’d....IT 251
1 These properties, having securities of their own held by the public,
1
are separately described in this Su ppl em en t .
Also controls the Central Branch Union Pacific and leased lines (388
miles) which are operated by the Missouri Pacific under an
agreement w ith Union Pacific for twenty-five years from 1885.
Also owns jointly w ith other companies the Leavenworth Topeka Sc
Southwestern, 47 miles; M anhattan Alma & Burlingame, 56 miles:
Montana Union, 72 m iles; grand total of all lines, including one-halx
lines operated jointly, 8,167 miles.

UNION PACIFIC
RAILWAY

180

AND IT S CONNECTIONS.

INTESTOHS’ SUPPLEMENT,



?8

M AP OF T H E

*3

O?

s+

rir iO O O rlr lb a r -* ! » .«

nHHWWHMno

Ä Mm ,

S e p t e m b e r , 1894]

RAILROAD STOCKS AJND BONDS.

131

S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d is c o v e r e d I n t b e s e T a b l e s .
Bonds—P m letRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
P ar Outstanding R ate per When Where payable, and by Stocks—L ast
of
For explanation of column headings, &e., see notes of
Road. Bonds Value.
Dividend. *
Cent. Payable
on first page of tables.
Whom.

Union Pacific.—( Concluded.)
Kansas Pac. E astern Div. 1st M. ,$16,000p.m.,gold 140 1865 $1,000
1,000
Middle Div. 1st mort., $16,000 per mile, gold.. 254 1866
2d mortgage (toU. 8. Gov.) on394m.W . Mo. R. 394 1865-7
32 1866
1,000
Trfiavenworth Br., 1st M. (t>582,000 in tru s t)...
1,000
Denver Pacific, 1st M. gold ($971,000 in tru st).. 106 1869
1,000
it an Pao.Den.Ex. lstM.,2,443,OOOacres,goldc*«fcr 242 1869
50 &c.
“ income mortgage ($253,850 held in tru st).......c 661 1866
Income M., subordinated, $3,991,100 held in tr. 661 1866
1,000
i t P.Oons.M. $30,000,000,1. gr. gold, n o td r’n.o* Text. 1879
_ 1879
1,000
T Pac. collateral tru st, gold, s', f. draw n a t 105.0* _
T
1,000
... 1883
Unilateral tru st of 1883, gold, s. f. not dr’n ..........
1,000
Uollat. trust. Den. L. & Gun. ($3,250,000) ,g........ o* 325 1889
1,000
it a«. Div. and Col. Tr. M., gold, red. a t 110— o**r 767 1891
1891 l.OOO&c
Collat. tru st sold notes for $24,000,000............. c<fcr
1,000
1887
Equip, bonds Series A, i10 due yearly in Oct
c*
1,000
1888
_
Do
Series B, ijo due yearly in April_
1890
1,000
Do
Series C, iio due yearly in A pril....

H istory, <fcc.—This Railway company was formed by consolidation,
Jan. 24,1880, of the Union Pacific R ail'oad and the Kansas Pacific and
Denver Pacific. The Union Paciflo Railroad was chartered by Act. of
Congress of July 1, 1862, which gave it a land grant estim ated a t
12,083,227 acres, and a subsidy in U. 8. bonds of $27,236,512 on 1,033
miles of road. The Kansas Pacific had a subsidy of $6,303,000 and a
land grant of about 6,000,000 acres. Much additional mileage has been
built and acquired through subordinate corporations.
R e c e iv e r s h ip .—
President S. H. H. Clark, Oliver W. Mink and E.
Ellery Anderson were appointee} receivers October 13, 1893, (Y. 57,
p. 639). In November Frederic R. Coudert and J. W. Doane ap­
pointed additional receivers. New York office 36 Wall Street.
B ranch L iv e s .—In July, 1894, the receivers petitioned the Court to
release the Union Pacific from its guaranties and obligations regarding
the “non paying” branch ines. The Denver Leadville & G was
was turned over to the owners Aug. 7,1894. See Y. 59, p. 117,152.
R eorganization .—B ondholders ’ Co m m ittees .—InNovember.1893,
A. A. H. Boissevain, Gen Louis Fitzgerald. J Pierpont M rgan, Samuel
Carr, Gen. G. M. Dodge, Henry L. Higginson and Calvin S. Brice were
appointed to prepare a reorganization plan; Mr Brice, chairman, 80
Broadway, N. Y. Deposits of all bonds and stock in the Union Pacific
system are requested to be made a t Mercantile T rust Co., N. Y.; Amer­
ican Loan & Tr. Co., B oston; J. S. Morgan & Co., London, or Adolph
Boissevain & Co., Amsterdam. V. 59, p. 71. For olau outlined in
June. 1894, see V. 58, p. 988. Committee of Amsterdam and F rank­
fort bondholders also formed. V. 57, p. 1124.
In January, 1894, Henry Budge, 26 Broad St., N. Y.; Charles A Pea
body. Jr., and Henry De Copper, were appointed a bondholders’ com­
mittee for the collateral trust 4 ^8 on Denver Leadville & Gunnison
road. Central T rust Co. certificates of deposit for said bonds were
listed on N. Y. Stock Exchange in April, 1894. Receiver for D. L. & G.
is Frank Trumbull, appointed in August, 1894. See th a t Co.
Kansas Pacific consols committee consists of Silas B. Dutcher, Henry
N. Whitney, Otto T. Bannard, Theo. W. Myers, W. A. Nash and Charles
P. Daly; depositaries, Continental T rust Co., N. Y., and S ta ti Street
S. D. & Tr. Co., Boston. V. 58, p. 1Q72. On Ju ly 16, 1894, S. H. H.
Clark, Oliver W. Mink and E. Ellery Anderson were appointed receiv­
ers of the Kansas Paciflo. V. 59, p. 116. Suit was brought in July,
1894, to recover from m ortgage trustee certain securities deposited as
collateral under mortgage. V. 59, p. 152.
As to the bill presented to the House of Representatives, Washing­
ton, on April 26,1894, see V. 58, p. 775.
Coupon P ayments.—The coupons paid by the receivers a r e :
Coupon.
When due.
When paid.
St. Joseph & Grand Island 1 st................... Nov., 1893
A t m aturity.
K. P. consol 6 s....................
..Nov., 1893
Dec. 15,1893
Denver exten. 6 s ......................................... Nov., 1893
Deo. 15,1893
Kearney & B. H. 1 st..... ...................... ....N o v ., 1893
Deo. 15,1893
K. P. Middle Div. 6s.......................................Dec., 1893
Dec. 15,1893
U. P. collateral tru s t 5s................................ Dec., 1893
Jan. 15,1894
U. P. first 6s................................
Ja n ., 1894 A t m aturity.
0. P. col. tru st 6s........ ............
Jan., 1894
Jan. 15, 1894
Central Branch 7s..........................
Nov., 1893
Jan. 22,1894
Atch. & Pike’s Peak 6 s___________
Nov..1893 Jan. 22,1894
U. P. col. tr. gold notes of 1891.................Feb.1,1894
A t m aturity.
Kan. Pao. E astern Div., 1st M. 6 s..............Feb.1,1894
A tm aturity.
Utah Southern gen. and 1st exten..............Jan., 1894
Feb. 19,1894
Utah & Northern 1st and ¿onsol.................Jau., 1894
Feb. 19,1894
Feb., 1894
Mar. 19,1894
Oregon Short Line 1st 6s.......................
Sinking fund 3d mort. extension 8s........ Mar., 1894
A t m aturity.
Utah & North’n equip, tru s t5 s in t. & s.f.Apl. 1,1894
' M a.v2l,1894
A t m aturity.
U. P. coll. tr. gold notes of 1891.............. Aug.1,1894
Overdue interest on eollatei al tru st 5 and 6 per cent bonds expected
to be paid shortly.
Capital Stock .—The capital stock issued and outstanding is $60,868,500, having been increased about $10,000,000 since 1880.
D ividends —Since 1879—In 1880, 6 per ce n t; in 1881, 6%; in 1882,
7; in 1883, 7; in 1884, 3^2; none since.
Debt to U. S.—Interest on the U. S. loans is not obligatory till the
principal is due, b u t the Thurm an act of May, 1878, provides that
25 p ercen t of the net earnings after deducting interest on the first
mortgage bonds and construction and equipment expenditures
shall be applied annually to interest and sinking fund.
Total Tin. Pac. debt to T . 8. was thus stated Ju ly 1,1894: Principal,
T
$27,236,512; interest accrued and not paid, $817,095; interest paid by
United States, $42,116,853; repaid by Union Pacific, $14,753,493 ;
balance of interest paid by U. S., $27,363,361. On Kansas Pacific
there was due for principal, $6,303,000; interest, $5,819,460. Total
debt, principal and interest, less sinking fund, am ounted in 1893 to
about $52,000,000, m aturing in 1895-99. V. 57, p. 596.
On January 1,1894, the sinking fu n d for U. P. debt invested in RR.
and U.S. bonds (par value) was $13,117,500, and the'prem ium paid on
bonds and cash uninvested was $1,986,339; total, $15,103,839.
Guaranties.—As to guaranties see S upplement November, 1893.
B onds.—The first mortgage bonds of 1866-9 by their term s were
payable, principal and interest, in law ful money, but by a covenant




$2,240,000
4,063,000
6,303,000
15,000
4,000
5,887,000
|
30,400 5
\
11,724,000
3,672,000
4,677,000
2,030,000
See text.
11,224,000
287,000
842,000
597,000

6 g.
6 g.
6
7
7
6 g.
7
7
6 g.
6 g.
5 g.
4*2g.
5 g6 g.
5
5
5

F. & A. Feb., ’94. coup, last pd. Aug. 1, 1895
J. & D. Dec.,’93,coup, last paid. Ju n e 1, 1896
1895 to 1897
M. & N. May, ’93, coup, last pd. Jan. 1, 1896
M. & N.
do
do
May 1, 1899
M. & N. Nov.,’93,coup.last paid. May , 1899
M. & S. N. Y., Bk. of Commerce. Ju ly 1, 1916
M. & S.
do
do
I »ly 1, 1916
M. & N. Nov.,’93, pd. Dec.15,’93 May 1, 1919
J. & J. Jan.,’94, pd. Jan. 15,’94 July 1, 1908
J. & D. Dec. ,’93, pd. Jan . 15.’94 Dec. 1, 1907
M. & N. May. ’93, coup, la st pd. Nov. 1, 191»
May 1, 1921
M. & N.
See text.
F. & A. N. Y., Drexel, M. & Co.
$72,000 y’rly.
A. & 0.
do
do
A. & O.
210,000 ÿ’rlÿ.
do
do
Apr.’95& 1906
A. & O.
do
do

executed in 1868 and duly signed by the President and T reasurer, it
was agreed to pay both principal and interest in gold coin.
Of the sinking f u n d 8s due Sept. 1,1893, $3,7 30,000 were extended
a t the same ra te of interest for six years. See V. 57, p. 257. These
bonds can now be draw n a t par. They covered, Jan. 1,1894, 3,312,000 acres of land, of which 74,000 acres agricultural. 2,438,000 acres
grazing and 800,000 acres a rid ; also land contracts for $3,148,229.
The collateral trust 4^* of 1889 on Denver Lead. < Gun are secured b y
fc
deposit of $2,254,000 first mort. bonds on th a t narrow-gauge road. See
D. L. & G. committee above.
The Denver Extension bonds are a first lien on the 236 miles east
from Denver and a blanket m ortgage from th a t point to Kansas City,
394 miles. Their sinking fund receives $255,000 yearh till 1898, and
on Jauuary 1,1893, held the following live bonds, given above as out
standing: Denver Extension 6s, $1,451,000; Eastern Division bonds
$304,000 ; Middle Division bonds, $347,000 ; total, $2,102,000. These
bonds are called assented because in 1879 their holders agreed to re­
ceive 6 p. c. interest in place of 7 p. c. as formerly. Lauds pledgi d for
this loan Jan. 1,1894, were 2,444,000 acres, valued a t $6,879,500.
The Kansas Pacific consols, see mortgage abstract V. 58, p. 988 and
V. 59, p. 8, cover the road from Kansas City to Denver, and branches,
673 miles, subject to the divisional bond»- (to retire which sufficient
bonds are held) and also the United States lien on 393 miles.
Through pledge of $971,000 (entire issue except $4,000» Denver
Pacific firsts they also cover 104 miles from Denver to Cheyenne, and
through pledge of other bends they cover several branches, aggregat­
ing 223 miles. On Jan . 1,1894, th e lands pledged for this mortgage
am ounted to 738,000 acres, valued a t $3,338,500: of these 455,000
acres agricultural, balance grazing lands. Besides this it has a second
lien on the Denver extension lands. Sales from lands in 1893, 39,692
acres for $213,025; cancellations, $229,447; deficit, $14,422. Land
contracts outstanding Jau. 1,1894, under Kan. Pao. consols $1,705*624 and under Denver Pao. m ortgage (all b u t $4,000 of which bonds
are held under K. P. consols) $500,283. Consols for $4,739,000 have
been canceled with land sales. Kan. Pac. consol, coupons have a prior
lien under the mortgage. Mortgage trustees, Geo. J. Gould and Russell
Sage. As to security under the mortgage in June, 1894, see V. 58,
p. 965; V. 59, p. 8.
The Kansas Division and collateral mortgage for $20,000,000 wab
pledged as collateral for the collateral tru st gold notes of 1891, as w ere
also $671,000 “ C” equipm ent bonds and other securities.
The Union Pacific collateral trust 6s and 5s are secured by deposit in
tru st of branch lien bonds. (See list, V. 59, p. 192.)
Of the $18,530,000 collateral trust gold notes which were issu 'd
in August, 1891, to fund floating debt $7,100,000 had been re tired
through sale of collateral prior to Ju ly 24,1893. A full abstract of th e
tru st deed was given in V. 53, p. 528-531. The stocks deposited carry"
the control of all the most im portant branches of the system. The
notes are redeemable a t the company’s option a t par on 30 days notice.
On Jan. 1,1894, of the $11,224,000 outstanding $183,000 was in tru st
under K. P. consol, m ort., and $180,000 in treasury of Receivers.
These notes (of 1891) were due Aug. 1, 1894, but interest w as paid a n d
holders were advised not to press collection a t thattim e. V. 59, p. 154.
L and G rant .—Lands unsold on the several divisions am ounted J an. 1,
1894, to 6,494,000 acres, valued a t $13,350,000, and pledged to secure
mortgages as shown above. Of these, 800,000 acres were arid, 1,439,000 agricultural and 4,255,000 grazing lands. In the year 1893 gross
sales were 145,351 acres for $568,956; cancellations of sales of pre­
vious years were 167,576 acres for $569,362. Total land contracts
outstanding Jan u ary 1,1894, $6,728,496.
F inances , &c.—Report of Government Directors for year e n d in g
June 30.1893, was in Y. 57, p 596. For plan of adjustm ent of Gov­
ernm ent claims see “ Pacific RR’s.” V 59, p. 153. As to o p eratio n
of branch lines by the receivers, see V. 59, p. 192.
Latest E arnings .—F or 7 months ending July 31 earnings were:

----- Gross Earnings.---- > ,----- Net E arnings.——
.
Jan. 1 to Ju ly 31.
1894.
1893.
1894.
1893.
Union Pacific Ry........$7,663,835 $9,844,103 $2,084,714 $3,537,245
Oregon S. L. & U. N.. 2,679,353 3,679,657
687,687 1,392,659
8t. Jo. & Grand Isl’d...
466,346
576 945
101,172
174,255
K. C. & Omaha............
65,794
102,066 def. 10,726 sur.-. 0,642
All other lines............ 1,474,072
2,006,790 def. 109,398 sur.49,003
Tot.“ Un. Pao.Sys.”$12,349,400 $16,209,561 $2,753,449 $5,173,80 4
91.75 0
Cent. B r.& l’sedlines. 241,419
277,949
89,882
4 9 ,3 6 3
JfiR’ds jointly ow n..
110,881
252,114
9,298
Grand to tal of all..$12,701,700 $16,739,624 $2,852,629 $5,314,917
Jan. 1 toJune30,6m os —
O. Ry. & N. rail lines. .$1,228,091 $1,855,510 df.$176,947
$339,918
U. P. Den. & Gulf....... 1,307,474
1,990,024
201,567
351,124
Ft. W orth & Den. City. 513,654
760,866
39,582
170,320
A nnual R e p o r t .—Fiscal year ends Dec. 31.A nnual m eeting in Bos­
ton last Wednesday in April. Report for 1893 was given a t length In
Ch r onicle , V. 58, p. 714, 722; see article p. 700.

132

INVESTORS’ SUPPLEMENT.

LVol .

Lix.

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
— ------------------------<
INTEREST OR DIVIDENDS.
B o n d .» —
Bonds—Princi RAILROADS.
Miles D ate Size, or
pal,When Due.
Amount
of
P ar Outstanding R ate per When Where Payable, and by Stocks—
Last
j o r explanation of column headings, &c., see notes of
Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.

Union Pacific Denver & Gulf—Stock for $36,000,000
Colorado Cent. 1st M., La Salle to Julesburg, &c.c
Denv. Tex. & Ft. W orth 1st M. ($20,000 p.m.)g.c*
Denver Texas & Gulf 1st M. ($20,000 p. m.)g. .o&r
U.P. Den. & Gulf con. M., gold, sub. to call a t 105.O*
Ft. W orth & Denver City—See th a t company.
Ynion Pacific Lincoln A Colorado—Stock........
1stM. ($20,000 per mile), gold, guaranteed— c
Wnited N. J. PR. A Canal Co.—Stock, 10 p. c. guar.
©en. M. of I loans of 1901, gold........................... c
’71 (now loan of 1908, gold....... .................
Istm o rt.) Vloan of 1923, gold.........................
sec’res all (loan of 1929, gold.........................c&r
equally J loan of 1944, gold.............. .
WHca Chen. A Susa. Yal.—Stock, 6p.c.gu. by D.L.&W.
Utica Clinton A Bingh’ton^-latM., guar. D. & H ...0
Policy (N. r.>—Stock, 5 p. c. guar, by D. L. & W ...
1stm ortgage (for $500,000)....................................
JaUcy (Ohw)—Receivers’ certificates.......................
1stm ortgage, Cleveland to Canton, g o ld .......... c*
©onsol-mort. ($4,000,000) gold, s.f.,not dr’n.e*<fer

$100 $33,837,093
J . & J. Ja n .,’94, pd. in June,’94
4.788.000
7
1,000
1879
M. & N, May, ’93, coup, last pd.
721.000
1,000
1887
ì g- a . os V. Oct., ’93, coup, last pd.
A. & O
1887 l,000&c 1.032.000
K g.
15,801,000
5 g- J . & D. June, ’93, coup, last pd.
1,000
1890
2,309,800
4.380.000
5 g. A. & O. Oct., ’93, coup, last pd.
1,000
225 1888
21,240,400 10 p. an. Q —J. Phila. and N.Y., Offices,
100
do
do
5.669.000
6 g- M. & S.
’73-’76 1,000
do
do
M. & S.
841.000
1,000
1878
a g- F. & A.
do
do
1.824.000
1,000
1883
a g- M. & S.
do
6.020.000
1,000
1889
f g- M. & 8. N.Y.,N. Bk.Com.do Phil
&
5.646.000
4 g.
1,000
1894
4,000,000 6*per an. M. & N. N. Y., Del. L. & W. RR
100
J. & J, N. Y., Security &Tr. Co
5
800.000
1,000
1889
750.000 5 per an. J. & J. N. Y„ Del. Lack. & West,
100
do
do
F. & A
5
400.000
1881
185.000
1.600.000
' 7'g. J. & D. Dec.,’91, coup.last paid,
1879 100 &c
2,400,000
6 g. M. & S. Mar.,’92, ooup.lastpaid
1881
1,000

271
165
138
876

The following income account includes results on all lines operated :
1893.
1892.
Year ending Dec. 31—
1891.
Passengers........ .......................... $8,484,227 $8,439,624 $7,286,617
F reig h t......................................... 30,550,555 31,051,238 25,168,690
2,536,379
2,598,446
Mail, express, etc....................... 2,586,974
478,568
490,308
Car se rv ice.................................
629,817
583,148
555,483
Miscellaneous.....................
448,015
$43,135,099 $36,053,402
Total gross earnings...........$42,699,588
Net earnings................................$13,539,310 $14,370,120 $9,996,243
109,984
423,913
168,818
Cent. Branch U. P .net e a rn ...
660,444
844,445
837,151
Investm ents out. 6f system—
99,920
244,720
In t. on S. F. 8 p. c. bonds..........
220,000
486,230
377,100
tut. on K. P. con. bds. rep’d—
173,410
272,223
172,955
Miscellaneous.............................

1891.
In tere st on bonds...................... $1,202,620
Discount, interest, e t c ..............
26,852
Balance, deficit...........................
Profit on F t. W. & D. C.......... .

$26,852
64,735

1892.
$1,219,027
4,480

Ju ly
Nov.
Apr.
Dec.

1,
1,
1,
1,

1909
1937
1937
1939

Apr. 1, 1918
Oct. 10, 1894
Moh. 1, 1901
Sept 1, 1908
Feb. 1, 1923
Sept. 1, 1929
Mch. 1, 1944
May 1, 1894
July 1, 1939
July, 1894
Aug. 1, 1911
JuneÌ5,Ì906
Sept. 1, 1921

1893.
$1,217,877
Cr. $1,647

None.
None.
3,380 Loss.174,229

Surplus for year........................
$37,883
$3,380 def.$174,229
(V. 57, p. 980,1040; V. 58, p. 307,345, 635,1073; V. 59,p. 117,372.)

Union Pacific Lincoln & Colorado.—
Owns from Salina to
Junction w ith the Kansas Pac. Ry. at Oakley, K an., 225 miles. The bonds
are guaranteed by Union Pac., by endorsem ent; trustee of mortgage is
the American Loan & Trust Co. of Boston. Union Pacific owns all the
stock except w hat is held by certain counties in Kansas. In 1893 gross
earnings, $204,562; net over taxes, &c., $88,028 (against $205,411 in
1892); traffic guaranty, $130,654; total net Income, $218,682; inter­
Total receipts.................. $15,340,054 $16,496,851 $11,160,081 est, $220,787; «inking fund and expenses, $30,083; balance, deficit,
ftiterest on bonds...................... $10,191,682 $10,844,044 $10,700,498 $32,188.
977,532
1,093,239
Sinking funds.............................. 1,087,901
United
Railroad
(«See
600,810 sylvania R. New Jerseyan im portant& Canal Co.— map Penn­
597,600
Biv. on O. Ry. & N. stock............................... 591,951
R.) Controls
system of roads in Northern
Discount and in terest..............
687,469
N. J ., having a four-tracked line from N. Y. to Philadelphia, also a
4,174 line P erth Amboy to Camden, opposite Philadelphia, and branches to
Discount on bonds sold, &o............................. 4,032 111,223
Loss on roads op. jo in tly .........
............
etc., N. J., and
Pa.
220,143 Long Branch, Berkeley,principal lines to Manunka Chunk,JerseyTotal
Misc. incl. N .P. Ter. in t..............
257,252
357,7 l i
miles.
owned directly
City
34,340 mileage 450 56 milesThe tracks), and from Camden to are
65,144
Profit and loss........................
161,495
to Trenton,
(four
South Amboy,
61 miles, of which 26 double tr a c k ; 9 branches, 29 m iles; total (owned
Total disbursem ents.......... $12,981,782 $13,068,961 $12,537,497 directly) 146 miles. Also owns the Delaware & R aritan Canal, 66 miles.
3,427,890 df.1,377,416 Among the lines leased are the Philadelphia A Trenton and the Belvi,lus........................................ 2,358,272
1,218,422 dere Delaware—
1,358,134
which see.
States requirem ents... . 1,293,230
L ea se . - Leased in June,
Balance........................................................................................ su.$l,065,042 su.$2,069,756df.$2,595,838 1871, to the Pennsylvania Railroad for 999
years, a t a rental of 10 per cent on the stock, besides interest on bonds.
—(V. 56, p. 42, 84, 165, 502, 6 9 3 , 700, 7 1 0 , 7 1 2 , 841; V. 57, p. 181,
B onds .—The general m ortgage of 1871 is for $20,000,000 (trustee,
257,300, 376, 596, 639,684, 722,765, 809,828,854, 894,939,979,
980,1040,1123,1124; V. 58, p. 82,128, 224, 307, 345, 384, 556, 636, Fidelity Insurance T rust & Safe Dep. Co. of Philadelphia), and secures
equally all the bonds in the table, though issued a t different dates. The
7 0 0 , 7 1 4 , 7 2 2 , 736, 775, 988,1072; V. 59, p. 71,117,154, 192.)
6s due in 1894 were plain bonds merely until secured by this indenture.
U n i o n P a c if i c D e n v e r & G u lf .—This company’s road Sinking funds Dec. 31,1893, held securities for $2,576,540. In Jan.,
« te n d s from Cheyenne, Wy., to Orin Junction, 154 miles; Denver 1894, $5,646,000 gold 4s were issued to take up the sterling and cur­
to Bessemer Junction, Col., 128 m iles; Trinidad, Col., to Texas State rency bonds falling due in March and October, 1894. Special bonds
lin e , Tex., 135 miles; La Salle, Col., to Julesburg, 151 miles; branches and m ortgages outstanding March 1,1894, $618,142.
(69 miles of which narrow gauge), 332 miles; total, 900 miles. Track­
E a r n in g s —In 1893 gross $18,805,758; net, $3,986,607,. against
age, Denver & Rio Grande, Gulf Junction to Trinidad, 92 miles, and
branches, 16 miles. Controls F o rt W orth & Denver ( it? RR., Texline $3,865,708 in 1892. Net loss to lessee in 1885, $159,496; in 1886,
Texas, to F o rt Worth, 455 miles, and Pan-Handle Ra lroad, 15 miles, $179,016; in 1887, $227,991; in 1888, $160,501; in 1889, $138,712;
in 1890, $396,885 ; in 1891, $276,455; in 1892, $299,198 ; in 1893,
making a grand total in system of 1,478 miles.
O rganization .—This was a consolidation in April, 1890, of the $194,529. Net profit in ’89, $138,712, in 1890, $396,885. (V. 58, p 179,
Colorado Central, Denver Texas & F ort W orth and several Union Pacific 636, 816.)
lines. I t was controlled and operated under traffic contract by the
Utica Chenango & Susquehanna Valley.— from Utica,
Owns
Union Pacific, which guaranteed the Denver & Gulf enough business to N. Y., to Greene, N. Y., 75 m iles; branch to Richfield Springs, 22 miles;
pay interest and taxes. See V. 49, p. 720.
total, 97 miles. Road opened October, 1872. Leased to Delaware
R e c e iv e r s h ip .—Bondholders’ committee, G. M. Dodge, Geo. M. Pull­ Lackawanna & Western a t 6 per cent on stock. Has no bonded debt.
m an, U riah H errm ann, Oliver Ames, H. W alters and Henry Lewis.
Utica Clinton & Binghamton.—
Owns from Utica, N. Y., to
V. 57, p. 809. Mr. Frank Trum bull was appointed separate receiver
m December, 1893. As to business w ith Un. Pac. during the receiver Randallville, N. Y., 31 miles. Leased during continuance of charter
and renewals thereof to Delaware & Hudson Canal Company, which
ship, see V. 58, p. 307 and U. P. item p. 556. (V. 59, p. 117.)
D e f a u l t .—The last coupon paid on eaehloanis shown in table above pays rental of $61,500 per annum. Operated by the New York Ontario
Jan ., 1894, coupon on Colorado Central 1st 7s was paid in June, 1894. A Western. The street lines owned by the company are leased to Utica
Belt Line Street Railroad Company for $15,000 per annum. Capital
r . 58, p. 1073.
3tock, $849,285 (par $100), of which city of Utica holds $200,000, with
S to c k .—Capital authorized $36,000,000, of which $32,786,982 had Interest guaranteed 5 per cent, the balance paying 1% per cent.
been issued on Oct. 12,1893, $13,251,882 of this being owned by the
Union Pacific Company and $3,406,800 by the company itself. In ad
Valley (N . Y .j Railroad.—
Owns from Binghamton, N. Y., to
&itlon the stock of constituent companies outstanding on October 12 State Line of Pennsylvania, 12 miles. Opened October, 1871. Leased to
1893, am ounted to $1,050,111. In the table above the stock is given Delaware Lackaw anna & Western a t 5 per cent per annum on stock,
as reported by the company on Oct. 12,1893. TheN. Y. Stock E xchan
the lessee assuming the interest on bonds.
®n Sept. 17,1894, gave the stock as $31,151,700. The company hoi
Valley (Ohio).—
Owns from Cleveland, O., to Valley Junction, 0.
Sn its treasury $7,766,000 of the capital stock of $9,375,000 of the F ort
75 miles, and 13 miles of small branches.
W orth & Denver City Railway Co., which see.
B onds .—Consols are indorsed w ith the U. P. guaranty of
H is to r y , R e c e iv e r s h ip , E tc .—In 1889 B. & O. acquired control,
terest. See V. 56, p. 696. A bstract of mortgage V. 51, p. 244. The but in June, 1892, receivers were appointed. H enry M. Keim and N.
to tal issue of Denver Texas & Ft. Worth bonds is $4,575,000, and of M onsarrat are now receivers. V. 54, p. 1011; V. 55, p. 23. InSeptember,
Denver Texas & Gulf bonds $3,000,000; the balance of the issues 1892, certain first m ortgage bondholders protested in court againsu
being held for the U. P. Denver & Gulf consols.
foreclosure. Receivers’ certificates had been issued in August, 1894,
The Union Pacific report for 1893 gave consols, for $15,801,000 out­
standing, of which the U. P. held $7,338,000 and th e company itself for $185 000. 1894, the Wheeling & Lake Erie proposed to retire the
In August,
$826,000. The floating debt a t latest date, was $2,170,090.
Valley’s bonds and issue therefor new guaranteed 1st 4s and incomes
in like amounts. Incomes to be entitled to surplus revenues of Valley
E arnings .—6 months, > 1894, gross, $1,307,474; net, $201,567.
Jan. 1 to June 30, ) 1893, gross, 1,990,024; net, 351,124.
Company. V. 59, p. 332.
A nnual R e p o r t .—R eport for 1893 was in V. 58, p. 635. The profit
B onds .—Of the $2,400,000 consols given above as outstanding
from th e F o rt W
rorth & D enver City is added to get th e final result.
$876,000 on March 1,1892, were pledged as collateral for loans, ims
1893,
Year ending Dec. 31.
1891.
1892.
m ortgage is a first lien on the Cleveland term inal property. On Juiy i,
1,003
Average miles operated...................... 983
986
1893?funded debt, as reported bv the Ohio State RR. Commissioners,
$3,510,962 was $3,259,274; current liabilities, $307,669. Capital stock, $l,2oi,Gross earn in g s.....................
$3,732,244 $4,135,241
$385,604 973; par, $50.
Net earnings............................... $656,993
$760,178
47,450
Add income from invest’s, &e.
81,539
83,874
EARNiNGS.-Eam ings in 1892-93 $794,042; n et, $97,099, against
783,176
G uaranty account...................... 464,089
379,455
$178,932 in 1891-92; p ay m en ts, $22,397. (V. 55, p. 2 3,178,422, V. 59,
Total inco m e...................... $1,202,620
$1,223,507
$1,216,230 p. 332.)




S
eptem
ber1894 ]
,

RAILROAD STOCKS AND

133

BONDS,

S u b s c r i b e r s will confer a great favor by giving immediate notice of any error discovered in tbese Tables.

Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, Wh n D m
Amount
of
P ar Outstanding R ate per When Where Payable, and by Stocks—L ast
vnr explanation of column headings, &c., see notes of
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
*
on first page of tables.
62
59
....
24
24
188
188
188

1881
_
_
1883
....
1880
1885
1881
1886
1887
1881
1881
1881
1881
1881
1881
1886
1886
1879
1879

$1,000
100
1,000
50
1,000
1,000
1,000
1,000

Gen^mort., int. guar, by R. & D., $12,500,000.c*
General mort., prin. and int. guar, (endorsed)gold
Charlotev.&Rapid, (l’sed) lstM ., s. f.,dr’n a t lOO.c*
Franklin & P ittsylvania (leased) 1st m ortgage..
Virginia < Truckee—Stock— ....................................
£
Wabash RR.—North Mo. RR. (St. L. K. C & No.)... 354
St. L. K. C. & No. 2d M.. real estate andrailw ay.. c 373
St. Charles Bridge 1st mortgage, gold.............c*
•_
2d mortgage
Wabash 1st mortgage, gold, ($34,000,000)-----c* 1,545
1,012
2d mortgage, gold................. ... . .. . . . . . . . . c
Deb. mort., inc., non-cum., series A, red. a t par. 1,545
Do. do. tnc., non cum., series B, red. a t p a r .. 1,545
Det. & Chic. Exten. 1st M., gold, red. a t 110.e* 150

1865
1,000
1874
1,000
1878
1,000
1878 50Ó &c.
1889
1,000
1889
1,000
1889
1,000
1889
1,000
1891
1,000

$750,000
3,193,000
1,000,000
1,000,000
800,000
1,323,000
4,000,000
2,021,875
494,860
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
2,392,000
2,466,000
401,900
85,000
5.000.
6.000.
3,000,000
1,000,000
388,500
23,755,000
14,000,000
3,500,000
26,500,000
3,500,000

42
22
38

1878
1,000
1873
1,000
1878 100 &cJ

577,000
100,000
304,500

Valiev (Virginia)—1st m ortgage for $1,000,000 ..c
Vermont < Mas«.—Stock, 6 p. c. guar, by Fitchburg
&
Bonds, not m ortgage (guar, by Fitchburg RR.). o*
Vermont Valley o f 1871—Stock.- -- -- ----..........
r 1st M with $500,000 Sul. Co. RR. stock as col. .c*
Vicks. Shrevep. < Pacific—Prior lien mort., gold..c*
6
—
1st mortgage, gold, see te x t.......... .
3d mortgage and 1st mortgage on land, gold.. .c*
Inc bds., non-cum. (there are also $127,000 old 6s)
Va Midland—ls ts e r.,ls tM . Alex.to Gordonsv.&br
M 2d series, 1st mort., Chariot, to Lynch., 60 m.)
3d series, 2d lien on 60 miles; 3d on 97 m iles...
4th series, 4 per cent till March 1,1901.............
5th series-, 1st on 115 m iles...................................

L eased L in e B onds —

St. Louis Council Bluffs & Omaha 1st m ortgage..
Boone Co. & Booneville 1st m ortgage, int. g u a r..
Brunswick & Chillicothe 1st mortgage, int. guar.

97
157
157
157
272
75
347
347
28
31

100 &c.
100 &c.
100 &c.
100 &c.
100 &c.
1,000
1,000
1,000
100 &c.

Talley(Virginia).—
Owns from H arrisonburg to Lexington,Va., 62
miles. By this and connecting lines under Baltimore & Ohio control,
the distance from Lexington is 243 miles to Baltimore and 217 miles
to Washington. Stock is authorized to the amount of $3,200,000;
outstanding, $2,712,200 (par, $100). Of the bonds $413,000 are guar­
anteed by the B. & O. In year 1892-93 gross earnings were $126,282;
net, $1,568; deficit under taxes and charges, $43,687. In 1891-92,
gross, $146,405} net», $22,563.
Vermont & Massachusetts.— of road, Fitchburg to Green»
Line
field, Mass., 56 m iles; branch, 3 miles. The road is leased to the Fitch­
burg RR. for 999 years a t 6 per cent on stock. The lessee to September
30 1892, had invested $1,544,526 in improvements for this road.
Vermont Valley of 1871.—
Owns from Bellows Falls to B rattleboro, Vt., 24 miles ; and by ownership of stock the Sullivan County RR.
from Bellows Falls to Windsor, Vt., 26 miles ; total, 50 miles. Controlled
in the interest of the Connecticut River RR., which is now operated by
the Boston & Maine. The Sullivan County RR. stock of $500,000 is
deposited as additional security for the above m ortgage bonds. Divi­
dends sine© 1880 have been : In 1 8 8 1 ,4 ^ per cent; in 1882, 4 ; from
1883 to Jan., 1894, 6 per cent yearly. In year 1893 gross earnings
$188,548, against $202,738 in 1892 ; net, $53,454, against $60,565.
Vicksburg Shreveport Pacific.— Map Cincinnati New
&
(See
Orleans < Texas Pacific.)—Owns Delta, La., on Mississippi River, to
k
Shreveport, 170 miles. Also extension to Texas State Line, 18 miles,
leased to Texas & Pacific Of the road 167 miles is 60-lb. steel.
Organization and Stock .—Successor to Vicksburg Shrev. & Paci­
fic sold in foreclosure Dec. 1, 1879. The stock is $1,601,500 (par
$100), of which the Alabama New Orleans & Texas Pacific Junction
Railroad Company holds a majority, together with $3,692,000 of the 1st
mortgage and $965,500 3d mortgage bonds.
Bonds, E tc.—Third mortgage carried 4 p er ct. till 1894, thereafter 5*
Interest began January, 1888, b u t only the first coupon has been paid.
These bonds are received in paym ent for lands, fat 25 per cent of
par for year 1893-94] and prior to July 1,1893, the bonds outstanding
had been reduced from $2,500,000 to $2,087,250. Lands unsold June
30,1893, were 220,442 acres. Trustees of prior lien m ortgage and of
3d mortgage, Cent. T rust Co.; of 1st m ort., Farmers’ Loan & T rust Co.
Coupons due and unpaid to June 30,1893, lstm ortgage, $1,144,520 ;
3d mortgage, $310,965.
L atest E arnings .—From Ju ly 1 to May 31,1894 (11 month)s, gross»
$518,914, against $527,961 in 1893; net, $133,000, against $124,910.
Annual R e p o r t .—Fiscal year ends Ju n e 30. For year 1893-94 gross»
$548,914. Report for 1892-93 was in V. 57, p. 719, and showed gross
earnings were $561,925, against $632,870 m 1892; net, $122,359,
against $153,882 ; income from land sales, etc., $4,096; interest, $404,058; balance, deficit, $277,603, against $199,933. (V. 55, p. 543, 8 0 4 ;
V. 57, p. 4 6 7 , 71».)
Virginia Midland.— e ' o f R oad .—From A lexandria to GorL in
donsvfile, 88 m iles; Warren ton Branch, 9 m iles; Charlottesville to
Lynchburg, 60 m iles; Lynchburg to Danville, 66 miles; Pittsville
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of
which 51 miles leased to Baltimore & Ohio), small branches, 9
miles; total owned, 348 miles. Leases: Charlottesville & Rapidan
Railroad, Orange Court House to Charlottesville. 28 miles ; Franklin
& Pittsylvania Railroad (3 feet), Pittsville to Rocky Mountain, 30
miles; total leased, 58 miles. Total owned and leased, 406 m iles;
of which 51 miles, Strasburg Junction to Harrisonburg, is leased to the
Baltimore & Ohio (in perpetuity a t B. & O.’s option for $89,250 yearly),
and 9 miles to Chesa. & 0., leaving 347 miles operated.
Operated under lease by Southern Ry Co.
B onds.—As to the liens of the several series of bonds given in t h e
table, see Su ppl e m e n t of May, 1894.
E arnings .—For the year ending June 30,1893, gross $2,076,475
net, $681,159; deficit under charges, $31,789. In 1891-92 gross
$2,113,124; net, $798,981.—(V. 53, p. 843.)
Wabash Railroad.—
Operates as follows, viz.:
Leases East o f Miss. River.
Owns East o f Miss. River. Miles.
Eel River RR. (which see),
Toledo, O., to E ast Hannibal,
B utler to Logansport, In d .. 94
Camp Pt. and Elvaston, 111. 536
16
Decatur, 111., to E. St. Louis.. 110 Other lin e s ...... . . . .................
June, near Chicago to Effing­
Leases West o f Miss. River.
ham and Altamont, 111......... 216
80
Streator to F airbury...............
32 Brunswick to P attonsb’g,Mo.
Centralia to Columbia, M o...
21
Edwardsville to Edwardsville Crossing, 111.................
8
Total leased, 1894............... 211
Delrey,near Detroit, to B utler 110
Montpelier, O., on line to De­
Total owned and leased_ 1,813
_
troit, to Clarke Junction,
near Chicago......................... 150
Trackage, etc.
Owns West o f Miss. River.
26
St. Louis to near Kansas City. 275 Chicago to Clarke Ju n ctio n ..
St. L. Levee to Ferguson, Mo. 11 8 short lines to Quincy, De­
troit, & e ..........................
70
Moberly to Ottumwa, Mo_
_ 131
Salisbury to Glasgow,Mo., etc 23 Operat’d for Purchasing Com. 70
Total owned, 1894............1,602




6
6 per an.
5
6 per an.
5
6 g6 g4-5 g.

A.
A.
M.
J.
A.
M.
J.
J.

&
&
&
&
&
&
&
&

0.
0.
N.
J.
0.
N.
J.
J.

N. Y„ Merc. Tr. & Balt.
Boat., 53 Devonshire St.
Boston, Fitchburg RR.
Bellows Falls.
Boston, S. Dep. & Tr.Co.
N. Y., Central Trust Co.
N. Y., Farm. L. & Tr. Co.
July, ’88, coup, last p’d.

Oct.
Apr.
May
Ju ly
Oct.
Nov.
Jan.
Jan.

6
6
6
4-5
5
5
5
5 g.
6
6
000 m
000 7
7
6 g.
7
5 g.
5 g.
6
6
5 g.

M.
M.
M.
M.
M.
M.
M.
M.
J.
J.

&
&
&
&
&
&
&
&
&
&

8.
S.
S.
S.
S.
S.
N.
N.
J.
J.

N. Y., Drexel, M. & Co.
do
do
do
do
do
do
do
do
do
do
N. Y., Central T rust Co.
do
do
Phila. Tr. & Safe Depos.
N. Y., Central Trust Co.

J.
M.
A.
A.
M.
F.
J.
J.
J.

&
&
&
&
&
&
&
&
&

J.
S.
O.
O.
N.
A.
J.
J.
J.

N. Y., Bk.of Commerce.
do
do
do
do
do
do
do
do
N. Y., Central T rust Co.
N. Y., Company’s Office.

Mch. 1, 1906
Mch. 1, 1911
Mch. 1, 191«
Mch. 1, 1921
Mch. 1, 19$«
Mch. 1, 19S&
May 1, 1936
May 1, 1936
Ju ly 1, 191®
July, 191®
(i>
Ju ly 1, 1895
Sept. 1, 1895
Oct. 1, 1906
Oct. 1, 1903
May 1, 193®
Feb. 1. 193$
Ju ly 1, 193®
Ju ly 1, 193«
Ju ly 1, 1941

6
7
6

N. Y., Central Trust Co.

1,
7,
1,
2,
1.
1,
1,
1,

1921
1894
1903
1894
1910
1918
1916
1920

J. & J. N. Y., Bank of Com’erce July 1, 190«
May 1, 1908
do
do
M. & N.
F. & A. Boston,Bank Redemp’n Aug. 1, 1908

H isto r y , &c.—Successor in 1889 to th e Wabash St. Louis & Pacific,
which was sold in foreclosure. See Su ppl em en t up to January, 1889.
The Boone Co. & Booneville RR. is leased till Mays 1973. The Bruns­
wick & Chillicothe was leased to St. Louis Kansas City & Northern foar
999 years. Its bonds bear 6 per cent interest till August 1,1900, then
8 per cent till m aturity. E ntrance to Chicago is secured over wie
Chicago & West Indiana, of whose stock this company owns $1,000,000.
The Eel River RR., 94 miles, leased by the Wabash, w as places
in receiver’s hands in June, 1894. V. 58, p. 1110.
Ca pit a l Stock .—The capital stock is $52,000,000, of which $24,00®,000 is preferred, having a preference of 7 per cent per annum noEoumulative, and $28,000,000 is com m on; p a r both, $100.
B onds .—Abstracts of th e m ortgages of 1889 were in V. 49, jsjl
270-273. The first mortgage covers all the lines owned both east anft
west of the Mississippi, excepting the D etroit & Chicago extension,
150 miles— below—and enough bonds are retained to retire the prior
see
liens on roads w est; but the second mortgage covers only lines east of
the river, 1,012 miles. No prior lien bonds can be extended. Of the
debenture mortgage bonds $3,500,000 are series A (preferred in respect
to interest paym ents only) and $26,500,000 series B. Series “ A” re­
ceived 6 per cent interest in 1890; in 1891, 6; in 1892, 6; in 1893, 6
per cent; in Jan u ary and July, 1894, none. (V. 57, p. 1124.)
The Detroit < Chicago Extension bonds cover 150 miles, completed
6
in May, 1893, from Montpelier, Ind., to Clarke Junction, 26 miles
from Chicago. The company agrees to keep the earnings of this
division separately, and having paid therefrom the interest or.
these bonds, to apply the surplus earnings in any year up te
an am ount equal to 2 per cent of the bonds outstanding, to e
sinking fund for the issue, the bonds to be purchased or draw n by lost
and paid a t 110; but no more than $70,000 bonds are to be redeemed a®
any one year. Mortgage is for $3,500,000. Trustee, Central TrasS
Company. See full abstract in V. 54, p. 1049.
Ob ligations on L ea sed L in e s other th an on the bonds in the tabs*
above are: Eel River Railroad Co.—Annual rental charge, $75,000 per
annum, April 1,1892, to April 1,1895; $90,000 per annum, April 1«
1895, and thereafter. Also $500 per annum for organization expenses.
Louisiana & Pike County Railroad—Annual rental charge, $800.
G en e r a l F inances .—The company in May, 1893, completed the line
from Montpelier, Ind., to Clarke Junction, near Chicago, on which it
had issued $3,500,000 bonds. The annual rental for trackage between
these points was form erly over $90,000, w ithout the right to local
traffic. The new road, taking local business into account will, it is
believed, earn more th an its interest charge of $175,000 per annum.
On Ju ly 1, 1894, bills payable $250,000, and $373,339 rolling
stock notes payable monthly, chargeable to operating expenses. In
April, 1894, holders of North Missouri 7s and St. L. K. C. & No. 7s, due
respectively Ju ly 1 and Sept. 1,1895, were offered Wabash tlrst 5s at
p a r in exchange for each of these issues. The exchange when com­
pleted will save the company over $180,000 per annum.
E arnings .—1 m o n th , ) 1894, gross,

$763,601; n et, $116.936.
July 1 to July 31, 51893, gross, $1,150,783; net, $243,570.
a n nual R eport .—Fiscal year ends June 30. Annual m eeting at Wt,
Louis second Tuesday in September. Report for 1893-94 a t length in
Chronicle , V. 59, p. 448, 471, 474, showing results as follow s:
Tear ending June 30—
1892.
1893.
1894.
Average m ile ag e .......................
1,917
1,890
Passengers carried one mile. 170,201,067 177,119,065 210,281,487
Rate per passenger per mile
2*057 cts.
2*009 cts.
1*877 cts.
Freight (tons) car’d one mile. 1,390,510,1611,409,033,000 1,097,585,00®
R ate per ton per m ile ..........
0*705 cts.
0*683 cts.
0*698 cts.
Gross e a rn in g s....................... $14,389,331 $14,220,444 $12,551,4*6
$1,897,413.
$1,934,704
$1,936,902
Maintenance of w ay............
2,932,828
2,528,508
2,826,392
Motive pow er.........................
1,163,602
1,048,152
1,287,647
Maintenance of cars.............
4,356,308
4,776,471
4,781,586
Transportation and general.
Total oper. expenses— $10,832,527
$3,556,804
Net earnings..........................
75*28
Per ct. oper. exp. to eam ’gs.
388,618
From rent of tracks, &e.......

$10,807,604
$3,412,839
76*00
519,086

$9,830,38®
$2,721,06©
78’32
439,460

$3,945,422
$464,549
505,272
2,674,125
210,000

$3,931,925
$457,368
512,273
2,714,704
210,000

$3,160,52®
$497,098
475,764
2,859,431

Total n et income............
T ax es......................................
Track, bridge rent., &c........
In t’st on bonds and rentals.
Div’nds on pref. debentures

$91,476
$37,580 def.$671,764
Net surplus............................
-(V . 55, p. 23, 60,216, 333, 4 2 2 ,4 4 0 , 4 6 0 , 4 6 6 , 504,1036; V. 5«,
p. 754; V. 57, p. 24, 218, 4 4 5 , 4 6 6 ,4 7 0 , 4 7 3 ,7 2 3 ,1 1 2 4 ; V. 58, p. 733,
Gr. to ta l oper’d June, 1894.1,979 1110; V. 59, p, 4 4 8 , 4 7 1 , 474.)

134

INVESTORS’ SUPPLEMENT.

[VOL. IIX

8n bscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.

INTEREST OR DIVIDENDS.
Bonds—PrinofRAILROADS.
Miles Date Size, or
Amount
pal, When Due.
When
P ar
of
Forexplanation of column headings, &c., see notes of
Outstanding R ate per Payable Where Payable, and Dy Stocksr-Last
Cent.
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
Wabash Chester < Western—1st m ortgage...............
6
1 st consolidated mortgage, $ 1 ,000,000, gold...c*
Wallkill Valley—1st m ortgage....................................
2d m ortgage......................................................-........
Ware Rivet— S ee B oston & A lbany .
Warren (N. J.)—Stock,7 p. c. perp., guar. D. L.& W
2d mortgage, now 1 s t ..................................... -........
1 st consolidated m ortgage ......................................
Wash. Ohio West.—IstM . guar.,Alex, to R. Hill.c*
West Chester—l s t m o r t , int. guar, oy Penn. R R ...
West Jersey—Stock, $104,300 is 6 p. c. “special” ..
1 st M., cum.sink. fd.$12,500 yearly, not drawn.c*
1 st consolidated m ortgage.....................................c*
•Consolidated mortgage.................... .................... r
Salem RR. and Ocean City RR. bonds............... r*
Swedesboro Railroad bonds.....................................
Woodstown & Swedesboro 1st m ortgage.............o*
West Jersey dt Atlantic—Stock......................................
IstM .N ew fleldto Atlan.C., 33 m .,d r’n a t 100. c*r
Pleasantville & Ocean City 1st m ortgage.......c&r
West Shore—1st M.,, gu. p.& i., end. by N.Y.C.&H.e&r
Syracuse Ontario & New York 1st mortgage.......
West Virginia Central < Pittsburg—Stock.................
&
1st mortgage, ($25,000 per mile) gold................. c*
West Virginia < Pittsb.—IstM ., s. f. not dr’n, gold. c*
k
West'n (Ala.)—Con. M.,g.,gu.byC.Ga. andG a. KR.c*
Western Maryland—1st & 2dpref. M’s (1st M. end’d)
3d mortgage, endorsed by City of Baltimore.. . . . .
4th mort., in return for City of Baltimore stock..
5th m ortgage, held by City of Baltimore, sink’g f’d
City loan.....................................................................

65
18
18
18
50
38
63
128
11
11

33
7
448
45

1888
1893
1877
1877

$1,000

1855
1870
1875
1884

100

....

....

50

1,000

50
1866 500 &c.
1869 500 &c.
1879 500 Ac.
1,000

1868 500 &c.
1,000
1882
50
1,000
1880
10 Ó &c.
1880
1885 l , 000&c
1,000
1883
100

1,000
122 1881
1.000
160 1890
1,000
133 1888
90 ’58-’68 50Ó &c.
90 1870 500 &o.
90 1872
90 1887
___
__

$300,000
390,000
250,000
330,000

5
J. &
5 g. 1. &
J. &
7
J. &
7

3,800,000 7 per an.
750,000
7
600,000
7
4
1 ,000,000
75,000
5
2,727,100 7 per an.
1 ,000,000
6
1 ,000,000
7
6
752,000
200,000 4 & 5
200,000
7
90,000
6
1,008,250 See text.
78,000
6
80,000
6
4
50,000,000
1 , 100,000
6
1
5,500.000
3,000,000
6 g.
4,000,000
5 g.
1,543,000
4iag
222,000

875,000

1 ,000,000

1,704,000
684,000

6
6
6
314

4

J. St. Louis, Nat. Bk. Com.
J. Jan. ’93 coup, last paid.
J. N. Y.,Of.,5 Vanderbilt Av
J.
do
do

A.15&0 N. Y., Del. L. & W. RR.
A. & O.
do
do
M. & S.
do
do
F. & A. N. Y., Drexel, M. & Co.
Phila., Penn., RR. Co.
M. & S. Phila., Of., 233 S. 4th St.
J. & J.
do
do
A. & O.
do
do
M. & N.
do
do
Various
do
do
J. & D.
do
do
M. & N.
do
do
M. & S.
M. & S. Phila., Fidelity I. T. Co.
J. & J. Phila., Penn. RR. Office.
J. & J. N. Y., Gr’d Cent. Depot.
J. & D.
Yearly. Baltimore, Co.’s Office.
J. & J. Balt., Hambleton & Co.
A. & O. N. Y., Farm. L. < Tr. Co.
fc
A. & O. N. Y. Guar. & Indem. Co.
J. & J.
J. & J. Balt., N. Mechanics’ Bk.
do
do
J. & J.
J. & J.
do
do
J. & J.
do
do

July
Jan"
Aug.
Aug,

3,
l’
l)
1;

1QJ8

1928
1017
19 J 7

Apr. 1 5 , 1894
Oct. 15, 1900
Mch. 1 ,’ 1905
Feb. 1, 1924
Sept.. 1919 1
Sep't. 15,1894
Jan. 1 , 1896*
April,' 1899’
Nov. 1 , 1909
1912 <i 1925
S
Dec., 18981
May l. 1912
Sept. 15,1890
Sept. 1.1910
July % 1910
Jari. 1 , 2361
1933
Mch., 1894
July 1 , 1911
Apr. 1, 1990
Oct. 1 , 1918
1890 & 1895
Jan., 1900
Jan. 1 , 1902
Jan. 1 , 1927
July 1, 1925

Sto c k .—Stock authorized, $6,000,000, of which $500,000 unissued
June 30,1893. V. 52, p. 204. Bills payable June 30,1893, $165,000.
D ividends .—From 1889 to 1894, both inclusive, 1 p. c. yearly in March
B onds .—F irst m ortgage is for $3,600,000 to W. P. Whyte and the
M etropolitan Trust Co., as trustees. See V. 52, p. 204.
1894, gross, $208,827; net, $74,507
E arnings .—2 months,
1893, gross, 174,344; net, 56,767
Ju ly 1 to Aug. 31.
Y e ar’s E arnings .—Year ending June 30,1894, gross, including min
ing departm ent, $979,662, against $1.163,985 in 1892-93; net, $347,158, against $420,480; surplus over charges, 1893-94, $88,577.
A nnual R eport .—Fiscal year changed to end Ju n e 30. The annual
report for the year ending June 30, 1893, was in V. 57, p. 720, and
showed gross earnings of railroad were $551,766; net, $188,584; profit
from operating P. & C. RR., $91; profit on coal sales, $144,554; total
n et earnings, $333,229; bond interest, &c., $195,396; balance.surplus,
$137,833. In year 1891-92 gross, $525,203 ; net, $191,123 ; total net,
including profit >n coal sales, &c., $300,080. H. G. Davis, Baltimore,
President. (V. 54, p. 4 8 5 ; V. 55, p. 723; V. 57, p. 7 2 0 ; V. 59, p. 360.)
W e s t V i r g i n i a & P i t t s b u r g . - (See Map Baltimore < Ohio.)—
6
R oad .—Opened in 1892 from Clarksburg, West Va., on the B. & 0.. via
Weston, southerly to Camden-on-Gauley, West Va., 104 miles, (of which
1 ig miles owned by B. & O.), with branch, 6 miles; also from Weston
via B uckhannon to Pickens, 50 m iles; total, 160 miles.
L ease .—Leased to the Baltimore & Ohio for 999 years, from Jan. 1,
1890. The rental is 6 2 ^ per cent of the gross revenue. The remaining
371^ is to be applied by B. & O. to paym ent of interest on bonds, the
B. & O. agreeing to advance any sums needed to pay this interest in
full, such advances to be a charge against future net earnings. For
first two years of the operation of the road, the W. Va. & P. is to
make up any excess of operating expenses over 6 2 ^ per ceut of gross
earnings, and for the following three years such excess up to 67^ per
cent of said gross, ~ee V. 51, p. 718. In 1905 and a t end of every ten
years thereafter rental may be altered by arbitration.
Stock—Com., $2,500,000; pref., 5 p. c., non-cum., $900,000; par, $100
B onds .—The first mortgage for $4,000,000 (trustee, Mercantile Trust
Company of Baltimore) covers besides the road and its equipment
L34.842 acres of timber, coal and m ineral ands in West Virginia. There
s a sinking fund, but the bonds cannot be called. (See V. 54, p. 725.)
^oans and bids payable June 30,1893, $309,743; car trusts, $127,820.
B alance,surplus.. $1-3,463
$66,806
$98,045
$29,936
E arnings .—6 mos., 5 1894, gross, $178,026; net, $95,869.
—(V. 54, p. 276, 6 4 2 : V. 56, p. 5 7 7 , 607; V. 58, p 4 2 9 512.)
Jan. 1 to June 30. (1893, gross, 198,815; net, 98,138.
West Jersey Sc Atlantic.—
Owns Newfleld, N. J., to A tlant c City»
A nnual R eport .—Fiscal year ends June 30. Report for 1892 93 in
N J., 33 m iles; Pleasantville & Ocean City RR., 7 m iles; total, 40 miles.
Opened June 17,1880, and operated by West Jersey RR. on a joint V 57 , p. 852, showing gross, $102,717, against $287,762 in 1891-92;
trattic agreement and 25 per cent of gross receipts on West Jersey from let, $214,185, against $158,117; interest, taxes, &c., $202,100; bal
trafiic of this road to be applied to any deficit m interest and then as Mice, surplus, 1893, $12,085; profit and loss account balance June
sinking fund for bonds purchasable a t 105, or draw n a t 100, if over 105. 10,1893, $47,590. (V. 55, p. 898; V. 56, p. 82, V. 57, p. 852.)
L ast dividend was 2 per cent in September, 1890. In 1893 net earn­
W e s te r n A l a b a m a .—R oad—Selma to West Point, 133 miles.
ings were $21,988, against $9,819 in 1892; received under contract
from C. & A., $8,636: interest, etc., $15,845; balance.surplus, $14,779, Owned jointly by the Georgia RR. and Central RR. of Ga.
against deficit, $3,605 in 1892. In 1891 net earnings « ere $24.241.
E arnings .—1 month, • 1894, gross, $33,974; net, $9,589.
—(V- 54, p. 276; V . 56, p. 205; V. 57, p. 255; V. 58, p. 263; V. 59, p. 191.)
i 1893, gross, 33,157 ; net, 6,595.
Ju ly 1 to Ju ly 31.
* W e s t S h o r e .—('-See Map New York Central < Hudson River.)—Line
6
For year ending June 30, 1894, gross, $512,022; net, $151,608
of road from Weehawken, N. J., opposite New York City, to Buffalo, n 1892-93, gross earnings were $499,482; net, $121,133; interest
N. Y., with brancher to Albany City and Rochester City, about 448 miles 569,435; dividends (2 p. e.), $60.000; deficit, $8,302. In 1891-92
in all. Also leased, and afterw ards absorbed, the Syracuse Ontario & rross, $536,402; net, $162,055. Stock, $3,000,000 (par, $100), of which
New York, Syracuse to Earlville, 45 miles. Successor in 1885 to the Centra) of Georgia and Georgia Railroad each owns $1,500,000.
New York West Shore A Buffalo, sold in foreclosure.
W e s te r n O T a ry la n d .—L ine of R oad —Baltimore to Williamsport,
L ease .—Leased in 1885 for 475 years to the New York Central &
Hudson and all earnings, <ftc., included in th a t company’s report. The Md., 90 miles. Leases—Baltimore & Cumberland Valley Railroad and
jxtension, Edgemont to Shippensburg, Pa., 34 m iles; Baltimore & Har$10,000,000 of stock is owned by the New York Central Company.
•isburg Railroad, Emory Grove, Md., to Ortanna, Pa., 59 miles, and
B onds .—The West Shore m ortgage is made to the Union Trust Com­ iranches, 7 m iles; western extension. 15 m iles; Potomac Valley RR.,
pany as trustee, and covers the line of road, Weehawken to Buffalo, iVilliauisport to Cherry Run on the B. & O., 15 miles, and Porters to
w ith branches, 448 miles in all, and also the term inals a t Weehawken STork, about 16 miles (completed September, 1893); total, 236 miles.
by ownership of all the stock and bonds of the Terminal Company.
Stock .—Common stock is $684,750; par, $50; six per cent first pre­
The guarantee of the New York Central & Hudson is absolute as to
interest and principal and is endorsed on each bond. See abstract of ferred stock, $324,000. The company has been largely assisted by the
m ortgage in V. 42, p. 176. The Syracuse Ontario & N. Y. bonds “ were >itv of Baltimore, which, Jan. 1, 1893, owned $200,000 of its common
stock, $4,263,000 of its m ortgages and $2,924,850 overdue coupons.
n o t assumed as p a rt of the West Shore mortgage.”
Washington County, Md., also in October, 1892, owned $110,000 com­
West Virginia Central & Pittsburg.— coal and railroad mon and all the $324,000 preferred stock. Of the thirteen directors
A
company in West Virginia in the upper Potomac region—the Elk Garden the city has a pointed eight and the county two. V. 55, p. 545.
Coal Field. Owns road in operation from junction near Piedmont.
A commission in May, 1893, advised the city of Baltimore to defer
W. Va., to Belington, W. Va., 102 m iles; Elkins Junction to Beverly, 6 for two years the sale of its interest in this road. See V. 56, p. 841.
miles; branches to Mineville, Elk Garden, &c„ 15 miles; total owned,
B o n d s —Cf the issue of $690,000 Baltimore & H arrisburg bonds,
123 m. Leases Pied. & Cumb. RR. 29 m.; total operated, 152 miles.
H isto r y .—Main line completed iD 1889. Company owns 32,244 $162 000 are held in tru st to pay off prior mortgages, as follows:
Hanover Junction H. & G. first 6s, due January 1,1895, $42,000; Bal­
acres of coal and lumber lands covered by the first mortgage and has
m ineral rights on 5,407 acres more. Extensions southerly to iron beds timore & Hanover first 6s, due Ja n u a ry 1,1899, $120.000.
From July 1,1892, to Jan. 1,1894, both inclusive, the company paid
and easterly to Baltimore are projected. In 1892 the Baltimore &
Cumberland RR. was organized to build from Cumberland to Hagers­ regularly a portion of the annual interest due the City of Baltimore.
The floating debt Oct. 1,1893, was as follow s: F irst mortgage, over­
tow n, Md , 70 miles. In Feb., 1894, the Piedm ont & umb. was leased
till Aug. 1,1911, for 37 per cent of the gross earnings. An im portant due, $43,500; bills payable, $287,271; funding certificates held by
traffic contract was made w ith the B. & 0. in 1891. V. 52, p. 204, 796. mf/tr 'Ra.lt.1morfi. $226.530.

Wabash ChesterSc Western.—
Chester, Dl., to Mt. Vernon,
HI., 65 miles (and branch, 1 mile), of which 22 miles, Tam aroa to Mt.
Vernon, is the Tamaroa & Mt. Vernon RR., purchased in 1892. Stock
increased in 1893 from $250,000 to $1,250,000 ; par, $100. July, 1893,
coupon was not paid on 1 st consolidated m ortgage bonds.
P o r year ending June 30,1894, gross earnings were $87,828, against
$94,492 in 1893; net, $16,656, against $21,457; deficit, 1814, $17,913.
Waco Sc Northwestern.—
Bremond to Ross, Texas, 58 miles.
Operated by H ouston & Texas Central. Sale of Dec. 28,1892, to E. H,
R. Green fo r$1,375,000 not completed; re-sale ordered in November,
1893. (V. 55, p. 1111 ; V. 57, p. 91, 854.)
Warren, N . J.—
New Ham pton June, to Dela. Bridge, N. J., 18’8 m.
Leased in perpetuity to Dela. Lack. & West, a t 7 p. c. on stock and bonds.
Washington Ohio & Western.— road from Alexandria,
O wns
Va., to Round H ill Va., 50 miles. Leased Oct. 30, 1883, to Richmond
& Danville for 999 years, rental guaranteed to equal interest on the
bonds. Road acquired in 1894 by th e Southern Ry. Co. and bonds
left undisturbed. Stock, $1,500,000; par, $100.
West Jersey.—
Owns Camden to Cape May, Bridgeton, Riddleton,
Sea Isle, Ocean City, &c., 185 miles; operates West Jersey < Atlantic
fe
r r ., 40 m.; branch, 4 m.; total, 229 miles—30 miles double track.
Stock .—Stoek authorized, $5,350,000. In 1893 sold $521,850 a t par
to stockholders. See V. 56, p. 607.
D iv id e n d s smce 1880—In 1881,4; from 1882 to 1884, inclusive. 3 and
3 scrip; from 1885 to 1887, inclusive, 6 ; in 1888, 6 * ; from March,
2
1889. to Sept. 15,1894, 7 per cent yearly (3*2 semi-annually.)
B onds —Sinking fund for bonds of 1896 invested in bonds of thePennsylvania system am ounted to $876,100 January 1,1894.
E arnings .—From Jan . 1 to Ju ly 31,1894 (7 m onths)—
7 months—
Gross.
Net.
Charges, etc. Bai. sur.
1894.............................. $862,883
$217,075
$135,854
$*1,221
1 8 9 3 ............................ 974,402
225,825
133,762
92.063
A nnual R eport .—Fiscal year ends Dep. 31. Report for 1893 was m
Chronicle , V. 58, p. 512. Earnings, including leased lines, have b e en :
1892
1893.
Year ending Dec. 31. 1890.
1891.
Gross earnings........ $1,633,745 $1,658,090 $1,746,322 $1,688,047
477,892
420,093
T otal n e t income_
_
52-,917
450,998
226,715
237,140
Interest, rentals, &o. 2^1,237
233,552
Dividends................ (7) 148,217 (7)150,640 (7) 153,132 (7) 153,017




■

S e p t e m b e r 1894, J

EAILROAD

STOCKS AND

BONDS.

■

1 9 »

X bwcrtbers will confer a ¡great favor by giving immediate notice of any error discovered In these Tables.
n
RAILROAD8.
Bonds—Princi­
INr
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Dub.
Amount
of
of
P ar
Stocks—Last
Outstanding R ate per Payable
on first page of tables.
Road. Bonds Value.
Cent.
Whom.
Dividend, f
Western Maryland—( Concluded)—
Balt. & H arrisb. RK.; p rio r m orts. see re m a rk s_
_
’72-’79
$162,000 5 & 6 Various Baltimore, Co.’s Office 1895 & 1899
M ortgage (for $690,000), gold............................c l
32 1886 $1,000
528,000
5 g. M. & N.
do
do
Nov. 1, 1936
1st M. West. E xt. ($16,000 p. m.), gold, guar... c;
15 1888
1,000
240.000
5 g- M. & N.
do
do
May 1, 1938
Balt. & Cumb. Val., 1st m ortgages (see remarks)
34 ’79-’81
351,300
6
J. & J.
do
do
July,1929&’31
Western N. F. <• Pennsylvania —Stock (see tex t)_
£
_
633
100 19,730,444
Warren & F ra n k lin 1st m ortgage..........................
50 1865 500 &e.
773,000
F. "& A. Phila., Office, 104 S. 5th Feb. 1, 1896
7
West. N. Y. & Penn. 1st M., ($10,000,000), gold.c
633 1887
1,000
8,967,000
5 fir. J. & J. N. Y., Continental Tr.
1, 1937
2d mortgage (1st on equipment, etc.), g o ld .. .c
633 1887
1,000 19,984,000 See text. A. & O. Apr. ’93, coup, not paid, Jan. 1, 1927
Oct.
2d mortgage, deb., inc., non-cum., red. at option _
_
Var.
1,879,000
5
A. & O.
None paid.
After 20 years.
Income sc’p, convert, into debent.,red. at option ___ Var.
2,982,919
5
A. & O
None paid.
After 20 years.
Non-convert, income scrip............ ..J
391,247
West. Wo. Car.—1st con. M., g., ($1,273,000 guar.).c
3Ö9 1884
i,òoó
3,856,000
6 g- J. & J N. Y., Central Trust Co July19071914
l,
2d consolidated m ortgage ($15,000 per m ile)___
309 1884
1,000
4,110,000
6
A. & O
Oct., 1914
Western Penn.— 1st mort., Freeport to Allegheny.
28 1865 10Ó &c.
435.000
6
J. & J, Philadelphia, Penn. RR Jan. 1, 1896
Consol. M. ($5,000,000),gold,guar. p.& i.Pa.RR.c
116 1888
1,000
4,000,000
4 g- J. & D
do
do
June 1, 1928
Wheeling dk Lake E rie-C om m on stock.....................
......
100 10,000,000
Preferred stock, 6 p er cen t, n ot cu m u lativ e........
100
4,500,000 See text. Q .-F . N. Y„ Office, 40 Wall 8t. May 15, 1894
1 stM., Lake E. Div., Bowerston to L akeE .,gold.c1 3.87 1886
1.000
3,000,000
5 g. A. & O. N. Y., Mercantile Tr. Co. Oct. 1, 1926
1st M. Wheeling Div., $ & £ (2d on 187 m iles)..o’
50 1888
1,000
1,500,000
5 g. J. & J. N.Y., Cent.Tr.Co.& Lon. July 1, 1928
Toledo Belt Railway 1st m ortgage, gold, gu -r...
5 1888
1,000
338,000
5 g. M. & S. N. Y., Central T rust 00. P a rt each year
Exten. and Impr. mort. ($1,900,000), gold, $ & £ .c’ 260 1889
1,000
1,562,000
5 g. F. & A.
do
do
Feb. 1, 1930
_
Consol, m ortgage for $8,000,000, g o ld ..$ & £ _ (
260 1892
1,000
1,100,000
4 g. J. & J.
do
do
July 1, 1992
Wichita Valley—1st M. subj. to call at 1 0 5 ,g ...c >
'&r
51 1890
1,000
769,000
5 g- J. & J. N.Y. Mercantile Trust. July 1, 1940
Wilkes arre & Eastern—See N ew Y ork S usqukha NNA & West ERN.
Wilkesbarre eh cranton—Stock, 5 per cent ren tal..
5
50
500.000 5 per an.
Phila., 226 So. 3rd St.
First m ortgage gold, guar. p.&i. by L. C. & N. Co..
5 1888
500,000
4^2 M. & N.
do
do
May 1, 1938
Willrnar eh Sioux Falls.—See G r ea t N o r th er n .
Wilm. uolum. & Aug.—Stock, 6 p. e., guar. Wil. & Wei.
100
960,000 6 per an.
& J.
Wilmington, N. C.
July, 1894
1st m ortgage...............................................................c
Ï92 1880
1,000
1,600,000
6
& D. New York & Baltimore. June 10,1910
Wilmington - North.—1 s t M.,sub.to call in 1 9 0 7 ...r
88 1887
500
354.000
5
J. & D. Rég.; Co. mails checks. 1907-1927
G eneral m ortgage fo r $1,000,000, g o ld .............r
88 1892
1,000
396,000
5 g. Q.—F.
do
do
Aug. 1, 1932
Wilmington $ Weldon—Stock..............................
—
100
3,000,000 See text.
Wilm., N.O.. Do.’s Office. M av3i. 1894
L eased L in e s .—As to leases and leased lines see S u ppl em en t of
Wheeling & Lake Erie.—
Owns Toledo, O., to Bowerston, O »
November, 1893.
174 miles, and branch to Huron, O., 12 miles'; Wheeling Division;
Potomac Valley RR. bonds are guaranteed by the W estern Maryland Bowerston to M artin’s Ferry, opposite Wheeling, 42 m iles; Steubenville
and the Baltimore & Harrisburg. See Potomac Valley and V. 52, p. 121. branch, 14 m.; Toledo Belt, 5 m .; coal, etc., branches, 13 m. Total, 260
E arnings .—10 mos., S 1893-4, gross, $920.096; net, $282,984.
miles. Owns large interest in Wheel. L. E. & Pitts. Coal Co —which see.
Ocu 1 to Ju ly 31. (1892-3, gross, 955,007; net, 284,1 »1.
Extension to Bellaire, O., under construction in February, 1894. In
Annual R epo r t .—Fiscal year ends September 30. Report for 1892- August, ’94, it was proposed to guarantee Valley of Ohio RR. bonds—
93 in V. 57, p. 1121, showed gross earnings $1,322,320 ; net earnings, see th at company.
$461,890; int., rent., &c., $383,717; balance, $78,173. In year 1891-92
H istory and Stock .—Sold in foreclosure April 2 3 ,1 8 8 6 . Preferred
gross, $1.083,321; net, &c., $392,293; betterm ents, $86,236; balance, stock is entitled to 6 per cent non-cumulative, then common to 6 per
$306,057; in 1890-9 L, gross, $904^,378. (V. 55, p. 545, 639, 8 9 2 ; V. cent, then boih share pro rata. In 1891 the preferred stock was in ­
56, p. 841; V. 57, p.1121.)
creased from $3,600,000 to $4,500,000. Common stock increased
W e s te r n N e w Y o r k Sc P e n n s y l v a n i a . —Owns Buffalo to E n r from $6,000,000 to $10,000,000 in 1893.
porium, Pa., 121 m iles; Buffalo to Oil City, Pa., 136 m iles; Oil City to
D iv id e n d s .—On pref. stock—From April, 1888, to February. 1891, a t
Olean, 116 miles; branches; including proprietary lines, 268 miles; ra te of 4 p. c. per annum; in 1891, 4%: in 1892, 4%; in 1893. 4 p. 0.; in
total owned, 641 miles, of which 70 miles is narrow gauge; trackage, 1894, Feb., 1 per cenc; May, 1 per cent; Aug. none. See V. 59, p. 154.
6 miles; total operated in January. 1894, 629 miles; 18 miles narrow
B onds .—
-The extension and improvement mortgage for $1,900,000 (of
gauge, Bradford to Eldred, not operated.
which sufficient is reserved to retire the Toledo Belt bonds) covers,
Organization .—Reorganization Nov. 22,1887, p er plan V. 42, p. 242 subject to prior liens, all the property of the company, and is a first lien
of Buffalo New York & Philadelphia, sold in foreclosure Sept. 15, 1887. upon the extension to Bellaire and upon the Steubenville branch
Consolidated mortgage for $8,000,000 authorized July, 1892, of
On April 1,1893, the President, Samuel De Coursey, was made receiver
pending settlement concerning 2d mortgage, interest on which became which $6,400,000 to retire prior bonds a t or before m aturity, $600,000
a fixed charge in December, 1892. See below and V. 56, p. 580.
were issued a t once, and $500,000 in May, 1893, for extensions equip­
||
R eorganization .—Deposits of st »ck and scrip and seconds u n derthe m ent, etc. See V. 54, p. 965.
plan are now subject to a penalty, It of 1 p. c. for stock »nd 1 p. 0. for
L atest E arnings ,—From Jan. 1 to Aug. 31, 1894 (8 months), gross
bonds. Over 95 p. c. of the seconds have been deposited and 85 of the $758,854, against $1,011,700 in 1893.
stock has paid the assessment. The p an dated Dec. I, 1893, calls for
A nnual R e p o r t .—Fiscal year ends Ju n e 30. R eport for 1892-93 w as
an assessment on the stock of $3 50 per share, and the exchange of each m C h r on icle , V. 57, page 806. In year 1892-93 carried 1,367,958 tons
$100 of stock paying the assessment for $75 in new stock and $12 50 in of coal, being 65 per cent of to ta l freight handled.
new 5 per cent noi -cumulative income bonds. The face value of the
Year ending June 30— 1890.
1891.
1892.
1893 :
shares to be reduced from $100 to $50 and the total capital stock from
Gross e a rn in g s ........$1,047,419 $1,225,305 $1,430,128 $ 1 ,595,991
$30,000,000 to $20,0 0,000.
452,535
513,005
547,884
Western New York < Pennsylvania first mortgage bonds and Warren Net receipts................. 398,088
6
Interest paid................ 187,500
290,541’
301,133
320 694
ehFranklin bonds will not be disturbed
144,000
167,000
225,000
180,000
The old second mortgage bonds are to receive 5 > per cent in new Divid’s on pref. stock.
Miscellaneous.............
............
761
19,782
14,941
general mortgage gold bonds, 25 per cent in new incomes and 25 per
cent in new stock.
B alance...............sur.$66,588 def. $5,768 def.$32,910 sur.$32.2i9
Second mortgage debentures and convertible scrip to receive 5 per cent
-<V. 57, p.723, 8 0 6 ; V. 58, p. 476; V. 59, p. 154, 332.)
’ Jin new general mortgage bonds an 1 50 per cent in new incomes.
Inconvertible scrip to receive 50 per cent in new stock.
Wlchita Valley.—
Owns from Wichita Falls to Seymour, Texas,
The fund raised by the assessment on he stock (amounting to about 51 miles; comp] .¡ed in September, 1890. Stock authorized, $6,000,000)
$691,000) is to be used to p aj $5 in cash on each overdue second m ort outstanding, $1,020,000; par $100. Mortgage is for $6.000,000 a t
gage coupon of April, 1893, and the balance held to pay interest on $20,000 p. m.; trustee, Mercantile T rust Co. Earnings for year ending
the new general mortgage.
June 30, 1893, gross, $64,413; net, $33,798; surplus over charges for
New Stock.—The new capital stock is to be held in tru st for five year, $7,035. In 1391-92, gross, $t>4,299; net, $60,535.
years by George E. Bartol, Nicholas Thouron and Samuel G. de Cour­
Wilkesbarre H Eastern.— e N. Y. S usquehanna & e s te r n
e
Se
W
sey, with full power to vote thereon.
New Bonds.—(he general mortgage (limited to $10,000,000) will
Wilkesbarre & Scranton
.—(See Map Central RE. o f N. J .)—
bear interest till April 1,1897, a t 2 per cent, then till 1901 a t 3 per Owns from Scranton to Minooka Junction, Pa., 5 miles, of which iig
cent and thereafter a t 4 p er cent.
miles is double track. Leased from May 1,1888, to Lehigh Coal. & Nav.
The new incomes are non-cumulative 50-year 5 per cent gold bonds Co. (see “ Miscellaneous Com panies”) during its corporate existence
issue limited to $10,000,000.
less one year, a t $47,500 per annum and taxes. Lease assigned to
B onds.—Of the first mortgage bonds sufficient are reserved to retire Central of N. J. a t 6 per cent on cost of road ($1,065,000) and taxes.
Warren & Franklin bonds a tm a tu rity .
In June, 1894, Lehigh Coal & Nav. Co. held all the stock.
As to second mortgage of 1887 see Su ppl e m e n t of November, 1893.
Wilmington Columbia Augusta.—
&
Owns from W ilmington
Abstracts of first and second mortgages in V. 47, pp. 109, 110.
New equipment notes Ju n e 30,1894, $620,281; bond and mortgage on N. C., to Columbia, S. 0., 192 milos. Leases jointly w ith N ortheastern
(South Carolina) Railroad, the Central Railroad of South Carolina, Lane
real estate, $270,764; Kinzua Valley freight w arrants. $59,000; int.
C..
Total operated,
miles.
on, »J??.'1 debt>due and accrued, $1,173,911; loans and bills payable S. Soldto Sumter, S. C., 40 miles. and reorganized. 232June, 1885, leased»»
in foreclosure Oct., 1879,
In
only $3,256.
for 99 years to the Wilm. & Weldon, the lessee to pay all fixed charges»E arnings .—1 month,
1894, gross, $309,051; net, $127,338
July 1 to Ju ly 31.
1893, gross. 302,315; net,
72,120
Annual R eport .—Fiscal year ends June 30. R eport for 1892-93,
given at much length in V. 57, p. 745, 762, 769. Surplus of recent & W., $27,074, against surplus $46,425 in 1891-92.—(V. 53, p. 835^
’
below 8,81,6611 devoted to improvements. Earnings for 1893-94 given 55,p. 9 7 7 ; V. 58, p .2 2 2 .)
Wilmington & Northern.—
Owns from Wilmington, Del., to Year ending June 30.
1892.
1893.
Highs Junction, Pa., 71 m iles; branches, 17 m iles; to tal owned, 88
1894.
Gross earnings......................$3,580,156
$3,716,638
$3,011,900 miles ; trackage to Reading, Pa., etc., 4 miles. Organized Januarv 18
Operating expenses.............. 2,398,360
2,517,127
2,214.356 1877, after foreclosure sale.
B onds .—Under the general mortgage for $1,000,000 sufficient bonds »
N eteam ings....................$1,181,796
$1,199,511
$797,544 are reserved to retire present indebtedness a t m aturity. Stock author- *
Total net income.............
1,181,796
1,200,519
805,852 ized, $1,500,000; outstanding, $1,278,050; p a r $50 Gross earnings in»
Interest, rentals and taxes. 652,740
679,249
1893, $454,630; net, $64,570; interest less interest ($1,334) received
Sur. over 1st M. int., etc. $529,056
$521,270
.......... - ( ^ i ^ p ^ ï ^ v ^ i b ’ï . ^ s y 1 1892 gros8’ $482>607; n et>
)
298> 7 8 5 >8 0 4 , 806,8 0 7 ; V. 56,p. 165, 217, 375, 414, 580,
Wilmington& Weldon.—oad—Owns Wilmington to We rtbn
R
X V. 57, p. 3 0 0 ,7 2 1 ,7 4 5 ,7 6 * , 7 6 9,809,980; V. 58, p. 69,224,384 N.C., 162 mTles,and from South Carolina State line ^ o C ^ te n tn e a ’
98:
774, 816, S17, 943; V, 59, p. 332.
N. C., 116 m iles; branches, Scotland Neck (Halifax to K ingstonf 84
Clinton, etc., 95 ; to tal
458
io?X i?r,i .N<>rtl1 Carolina.—
68
Bought by Southern Ry. August 21, miles; Tarboro, Nashville,Raleigh RR., Tarboro to ownedouth miles
Operates Albemarle <
fc
Plym
54 mile« 1894. For history see Supplem ent of July, 1894.
Florence RR., 24 miles; Manchester & Augusta, 19 miles Learies
Western Pennsylvania.—
Owns from Bolivar to Butler, 71 Wilmington Columbia & Augusta, 192 m iles; Central South C a fo b H
miles, and B utler Junction to Allegheny City, 27 miles double track ; (jointly with N ortheastern South Carolina RR.), 40 miles• H a S u A
Draneh, 17 miles. Leased to Pennsylvania RR. for 40 years from RR., 10 miles. Operated in same interest are Wilmington Chadhau™
dune 1,1888, ren tal being the n et earnings. In 1893 rental $371,095 k Conway, 50 miles; Cher. & Dari., 65 miles; Petersburg 61 mibfs
interest, $204,034; dividends, $159,750. In 1892 re n ta l 607,312 Rich. & Petersb 23 m.; Norf. & Car. RR., 110 ¿ilesT totolA ’.lo e S fies’
Perm. RR. owns $1,753,500 of the $1,775,000 stock. Dividends, A. &
linae&°Georgia1 l f ’
R
Denmark, S. C., 57 miles, oil South C a ^
o., 3 to 4 per cent each.




INVESTORS’ SUPPLEMENT.
[Vol. l ix .




RAILROAD

September 1894.J
,

STOCKS AND

137

BONDS,

S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r b y g iv in g I m m e d ia te n o tic e o f a n y e r r o r d is c o v e re d I n th e s e T a b le s .
Bonds—Princi­
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal, When Due.
P ar O utstanding Rate Per When Where Payable, and by Stocks—L ast
of
. of
Por explanation of column headings, &c., see notes
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Dividends.
'Wilmington < Weldon.— ( Concluded.)—
6

Certifi.of indebt, for div’d in ’87,non-cum., income.

Sinking fund, gold,, interest bonds..........................
Gen’lm o rt. for $4,000,000 ($12,000 per mile)..c*
New equipm ent n o te s .................- - -- - -................
Special tru st certificates..................................-----Winona dt Smith W —1st M., $18,500 p. m., gold..o*
Wisconsin Cent. Co—Chippewa Falls & West. IstM .
Wisconsin & Minnesota 1st m ortgage. . . . . . . . . —
Tvnn-n. St. Croix & Wisconsin, 1st m ortgage..........
Terminal mortgage notes.................. ...................
Improvement mortgage no tes.............................
Penokee 1st mortgage.................- .......... .
Wis. Cent. R. R.—Consol. M., 1st series,gold— c&r
Consol. M., 2d series, income(not cum.)gold.c*&r
Wisconsin Central Co. IstM .,$12,000,060, gold.c*
Income M., non-cum., $9,000,000, gold.......... c*
Wis. Cent. Co.& RR. Imp. bonds, gold, convert.c*
L eased L in e B onds—

,„

j

Chicago Wis. & Minn, (leased)—1st m ort., gold.c*
Income bonds, 6 per cent, cum ulative.................
Milw. & Lake Winnebago—See th a t company.
Woonsocket dt Pascoag—w k, 5 p.c. rent. N. Y & N. E.
1st mort., interest guar, by City of Woonsocket.c
Worcester Nashua dt Rochester- Stock ($3,600,000).
jg-gos ® > f W orcester & Nashua RR. bonds. ..c
>
. h S' § i-i ’ I Wor. Nashua & Roch. RR. bonds.. .e
S
g $ 1 1 1 ,1
do
do
do . .. .
k jz S g
do
do
do ...c
Zones. dt Ohio River—1st M., $25,000 p. m., gold, .c*

457
457

....
1885

117

1888
1874
1880
1884
1885
1886
1887
1879
1879
1887
1887
1891

10

.

54
__

416
416
All.
All.
122
....

10
10
94
47
47
47
47
80

1885
1885

$2,500,000
936,000
3,000,000
450,000
380,000
1,000
1,937,000
1,000
150,000
810,000
180,000
400,000
215,000
30,000
500 &c. 1,522,000
500 &c.
12,000
1,000 11,265,000
1,000
7,427,166
3,642,122
1,000
$100
1,000
1,000

1,000

2,860,000
1,040,000

100
1,000
100
1875 l,000&c
1886
1,000
1893
1890
1886 100 &c,

1890

A. & O. Wilm., N.C.,Co.’s Office. Irredeemable.
7
7 g - J. & J. N.Y.,Balt. and Wilming. May 1, 1897
J. & J.
do
do
ft
1935
6
M. & N.
Wilmington, N. C.
At Co.’s optiox
6 g. A. & 0. Apr., ’93, coup, last pd. Apr. 1, 1928
M. & N. Boston, 50 State St.
7
May 1 , 1904
A. & O.
7
do
do
Apr. 1, 1910
M. & N.
6
do
do
May 1 , 191«
8
F. & A.
do
do
Feb. 1, 1896
M. & S.
8
do
do
Sept. 1, 1906
1937
5
5 g. J. & J. N. Y. ,36W allSt. &Boston Jan. 1, 1909
7 g. J. & J.
Jan. 1, 1909
See text.
5 g. J. & J.
Ju ly 1, 1937
No coupons paid.
5 g. A. & 0.
Ju ly 1, 1937
5 g. M. & N. N. Y., 36 Wall; Boston. May 1, 1931
6

5

200,000 5 per an.
100,000
5
3,099,800 Text.
385,000
5
150,000
4
332,000
4
4
735,000
2,000,000
6 g.

M. & S. Bost’n, Meich. Nat. Bk. Mch. 1, 191«
M. & S.
i See text.
Mch. 1, 1916
A.
J.
F.
J.
J.
J.
F.

&
&
&
&
&
&
&

Providence, R. I.
O.
do
do
J.
Worcester, Office.
A. Boston, Globe Nat. Bk.
J.
do
do
J.
do
do
J.
do
do
A. L ast paid Feb. 1,1889.

5 p c.
Oct.
Ju ly
Feb.
Ju ly
Jah .
Jan.
Feb.

Oct.,’93
1, 1910
2, 1894
1, 1895
1, 1906
1, 1913
1, 1930
1, 191«

Organization .—Organized in 1836. This is the Atlantio Coast Line. Wisconsin Central. The improvement bonds of 1891 (total authorized
An extension to Denmark, S. C., was completed in April, 1894, by the issue $12,000,000) are the joint and several obligations of th e

Manchester & Augusta for this system. Bonds a t $15,000 per mile
and $200,000 for equipm ent are authorized thereon.
D iv id e n d s .—From 1884 to July, 1891, both inclusive, a t rate of 8
per cent per annum; in November, 1891, 4 per cent; in July, 1892, 4
per cent; in 1893, Jan ., 3 per cent; in Ju ly none; 1894, May, 3 p. c.
A nnual R e p o r t .—Fiscal year ends June 30. Report for 1892-93
was in V. 58, p. 222, showing for road p ro p e r:
1893.
Year end’g June 30.
1890.
1891.
1892.
.$1,350,853 » $1,535,714 $1,452,012 $1,569,296
Gross earnings.
993,936
681,137
855,679
824,169
Expenses........
Net earnings.........

$669,716

$680,035

$627,843

$575,360

In 1892-93 to tal n e t income, $600,222. Deduct interest on bonds, etc.,
8435,820; loss on W. C. & A. lease, $29,575; dividends, $210,000;
balance, deficit, $75,173, against surplus for 1892, $256,037. (Y. 53,
p. 5 3 5 ; V. 55, p. 9 I t ; V. 58, p. 222.)
WinonaSc Southwestern.—
Owns from Winona, Minn., to beyond
Osage, 117 miles. H as traffic agreement with Green Bay Winona &
St. Paul, the Winona RR. Bridge, completed in August, 1891, connecting
the roads. See V. 52, p. 974. Trustee of mortgage (for $6,950,000)
Farmers’ Loan & Trust Company. Coupons due Oct. 1, 1893, were not
paid. In November, 1893, Tilden R. Selmes was made receiver. Hoad
sold Sept. 15, 1894, to V. Simpson for $400,000, but it is not thought
the sale will be confirmed. Stock authorized, $20,000,000; outstanding,
$2,290,000, par $100. There is said to be $181,250 of bond scrip out­
standing. For year ending June 30, 1893, gross in ome, $162,475;
net income, $47,032; deficit under charges, $80,063. (V. 52, p. 974; V.
53, p. 326; V. 57, p. 596, 894; V. 58, p. 514; V. 59, p. 372.)
Wisconsin Central Company.— Map.)—Owns junction near
(See
St. Paul to Abbottsford, Wis., 157 m iles; branch to Bessemer, 34 miles;
other branches to E au Claire, &c., 12 m iles; spurs, 44 miles. Leases
Chicago Wisconsin & Minnesota, Chicago to Schleisingerville, 112 miles,
and spurs, 11 m iles; trackage to Chicago, Minneapolis, &c., 25 m iles;
Milwaukee to Rugby, 27 miles; total, 422 miles. Controls Wisconsin
Central Railroad, owning from Menasha to Ashland, 253 miles; Stevens
Point to Portage City, 71 miles; branches and spurs, 93 miles, and
leases Milwaukee & Lake Winnebago (which see), Neenah to Schlesingerville, 64 miles, spur 3 miles; Packwaukee to Montello, 8 miles;
trackage, 1 mile. Total Wisconsin Central Railroad, 493 miles. Grand
total, 915 miles. Of this 672 miles represent Wisconsin Central
Company’s stock. Also operates, tem porarily for C. & N. P. receivers,
the Chicago & Northern Pacific, w ith its large term inals in Chicago.
H istory , E tc .—Organized June, 1887, to gather into a single
corporation the Wisconsin Central Associated Lines. Nearly all the se­
curities of the Wisconsin Central Railroad are now owned, b u t for
legal reasons its separate corporate existence is maintained.
The road was leased for 99 years from April 1,1890, to the Northern
Pacific, (see lease V. 51, p. 713,) but the Northern Paoiflo receivers
failed to pay the ren tal due Aug. 1,1893, and the lease was canceled
Sept. 25, on application of Wisconsin Central officials. (V. 57, p. 548.)
The Chicago & N orthern Pacific was leased on May 1. 1890, through
the medium of this company, to the N orthern Pacific, but the No. Paoiflo
receivers having abandoned the lease in September, 1893, the Wis.
Cen. is now operating th a t property under a tem porary arrange­
ment. The Wis. Cen. disclaims any liability for C. & N. P. rental.
The Chicago Wisconsin & Minnesota, from Schleisingerville to Chicago
Northern Pacific term inals in Cook County, 111., 122 miles, is leased in
perpetuity. R ental is 37*2 per cent of gross earnings, less its propor­
tion of term inal charges ; but surplus ren tal over $350,000 yearly is
divided equally w ith lessee. As to Mil. & Lake Winnebago, see th a t Co.
R eceivership .—Sept. 2 7 ,1 8 9 3 , H. F. Whitcomb and How ard Morris
were appointed receivers. See Y. 57, p. 557.
Coupon P ayments.—All interest due Jan 1,1894, was paid a t m atur­
ity, but July, ’94, interest on Wis. Central Company 5s w as not paid.
See V. 58, p. 1110.
Chicago Wis. & Minn, income bond interest due Sept. 1,1894, was
paid in bonds.
R eorganization Committee .—In July, 1894, George Coppell, W. L.
Bull and Gerald L. Hoyt, of New York, Rowland H azara of Rhode
Island, and Edw in H. Abbot of Boston, were appointed a committee
to reorganize the Company, if possible, “ unifying ” the properties now
composing the “ Wisconsin Central lines.” The proposition to fund
seven coupons of the first mortgage (V. 58, p. 1110) has been w ith­
drawn. See V. 59, p. 117.
Stocks.—Pref. (6 p. c. cum.), $3,000,000; common, $12,000,000.
Voting power on entire stock is held by Messrs. Colby, Hoyt and Abbott.
B onds.—The first mortgage bonds of 1887 and (subject to these) the
incomes cover all interest in the lines which a t the tim e of the
making of the mortgage were operated in th e system. They
therefore cover all th e seourties of said lines held by the




Wisconsin Central Co. and Railroad Co. and are further collaterally se­
cured by purchase money first lien upon all property bought w ith their
proceeds. They have precedence in paym ent of interest over th e in­
comes, no new mortgage can be put ahead of them, and if either com­
pany hereafter issues a new mortgage, the im provem ent bonds will be
exchangeable for bonds thereby secured a t par. Full statem ent con­
cerning these bonds was in Y. 53, p. 22, 757. On June 30,1893, bill«
payable, exclusive of book accounts, were $766,000, secured bjr
$891,000 5 per cent bonds.
L and Grant.—The Wisconsin Central Railroad had a land g ra n t «1
839,348 acres, of which on Ju n e 30; 1892, 579,550 acres rem ained
unsold, and $98,948 land contracts were outstanding.
L atest E arnings.—From Ju ly 1,1892, to June 30,1893 (12 inos.), th e
Northern Pacific rental for the 672 miles covered by the Wisconsin
Central securities was $1,276,754; inoom>i from securities, $439,923;
other income, $8,332; to tal income, $1,725,009; total charges, $1,620,531; balance, surplus, $104,477; total surplus, June 30,1893, $333,606.
G eneral F inances.—Since the Wisconsin Central Company owns
practically all the securities of the Wisconsin Central Railroad, tho
entire earnings of both companies go into the Wisconsin Company’s
treasury, from them being paid the to ta l charges of both companies.
The company’s officials state th a t less th an 19 per cent of the Wis.
Central traffic has been derived from the Nor. Pae., the balance being
from local business. In March, 1894, the Ch. Wis. & Minn, income
bondholders were offered for the ten coupons due and unpaid, w ith
interest thereon a t 5 p. c., Wis. Cent, im provem ent bonds a t par. See
V. 58, p. 384. Paym ent of Sept. 1,1894, coupons on above “incomes”
was also offered in “ im provem ent bonds.” In July, 1894, the floating
debt was said to be about $900,000. See V. 58, p. 384,1110.
Annual R eport .—Fiscal year ends Ju n e 30. Report for 1891-92
given a t length in Chronicle , V. 55, p. 783, 805, 808. The statem ent
of ren tal from the Northern Pacific for 1892-93 is shown below.
INCOME ACCOUNT (EXCLUDING CHIC. & NOR. PAC.)

1892.
Year ending June 30—
Total N orthern Pacific rental, etc.......... . $1,834,155
For Mil. & Lake W. and Ch. Wis. & Min.
597,002

1893.
$1,887,481
602,396

To Wis. Cent, proper, 676 m iles.......... .. $1,237,153
Net interest on bonds.................................
649,913
Int. on debentures of leased lines...........
35,370
25,074
Int., exchange and commissions.............
Engine and car re n ta l...............................
287,166
65,553
Trackage rights...........................................
105,491
General expenses, etc................................

$1,285,085
632,024
37,523
49,526
298,281
62,688
100,566

$68,587
160,542

$104,477
229,129

Balance surplus for the y e ar..................
Add surplus of previous y ear..................

Surplus Ju n e 30............................ .. $229,129
$333,606
The figures below indicate the grow th of the business of th e e n tire
system, b u t include accounts entirely independent of Wis. Centred.
Year ending June 30.
1891.
1892.
1893.
Freight earnings............................. $3,743,347 $4,018,823 $4,126,03$
Passenger......................
1,259,857
1,357,196 1,447,439
Mail, express and miscellaneous. 242,510
167,945
177,127
Total gross earnings............. ...$5,245,714 $5,543,964 $5,750,601
—(V. 55, p. 7 8 3 , 8 0 5 , 8 0 8 , 1079; V. 56, p. 363, 375; V. 57, p. 342,
375, 469, 548, 557, 723,1084; V. 58, p. 384,1110; V. 59, p. 117.)

1 Worcester Nashua Sc Rochester.—
Owns from W orcester via

I Nashua to Rochester, 94 miles. Consolidation 1883, of W orcester <
fe
Nashua and Nashua & Rochester.
! Leased for 50 years from Jan. 1,1886, to the Boston & Maine a t ren­
ta l of $250,000 and taxes. The mortgage of 1879 secures equally on
the road from Worcester to Nashua the debentures of 1873 and 1875.
and all the other bonds, including the Nashua & Rochester 1st
I mortgage bonds of 1874. On April 1,1894, $251,500 of 5 p e r cents
I m aturing were replaced by 4 per cents and $11,000 are still un­
exchanged. For 1892-93 ren tal $250,000; net over fixed charges*
$155,634 against $157,486 in 1891-92; paid dividend of 6 p e r cent,
$183,864; deficit charged to profit and loss, $28,230. D ividends: From
1887 to Jan., 1894, both inclusive, at rate of 6 per cent yearly, but
, July, ’94 div. was only 2 p. c.
Zanesville Sc Ohio River.—
Owns from Zanesville, Q to H
.,
ar1m ar, on the Ohio River, opposite M arietta, about 80 miles, including
branches, 3 miles. In Aug. ,1889, interest was defaulted. ForeolosuresuS
in progress. See V. 50. p. 140. On Ju ly 19,1892, J . Hope Sutor w
as
made receiver. SeeV. 55, p. 147. Total funded debt June 30, 1893,
$2,113,033. In year ending Ju n e 30,1894, gross earnings, $128,367,
against $120,968 in 1892-93; net, $13,486, against $1,846; in te rest on
bonds not paid. (V. 55. p. 147.)

1 »8

INVESTORS’ SUPPLEMENT

[V o l . n x ,

^subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Bonds—Princi­
D ate Size, or
Amount
Du©,
P ar Outstanding R ate Per When Where Payable, and by pal,WhenLast
F o r explanation of column headings, &c., see notes on of
Stocks—
first page of tables.
Bonds Value.
Cent. Payable
whom.
Dividend.
MISCELLANEOVS.
A dam s Express—Stock........................................................
$100 $ 12,000,000 8 per an, Q —M. New York, 59 Broadw’y Sept. 1, 1894
American Bell Telephone—Stock.......................................
100 20,000,000 See text, Q .-J . Boston, Comp’y’8 Office. July 16,1894
Debentures, subject to call a t 110............................... e&r 1888 500 &c
2,000,000
7
F. & A.
do
do
Aug 1, 1898
American coal (Maryland)—Stock........................................
25
1.500.000 6 per an, M. & S. N. Y., Office, 1 B’dway. Sept. 1, 1894
American Cotton Oil-Common stock (see V. 54, p. 7611...
100 20,237,100
100 10,198,600 6 per an, J. & D. N. Y., Winslow, L. & Co. June 1, 1894
Pief. stock 6 per cent non-cum., sub. to call a t 105.......
1,000
Debentures for $5,000,000, subject to call a t 110,gold.e* 1890
3.326.000
8 g. Q —F.
do
do
Nov. 1, 1900
American District Teleg.—Stock, $4,000,000 authorized...
100
3,844,700 See text,
N. Y., Office, 8 Dey St. May 28, 1894
American Express—Stock.......... .............................................
100 18,000.000 6 per an, J. & J. N.Y.,Co.’s Of., 65 B’way July 2, 1894
American Soda Fountain—Common stock.........................
100
1.250.000 10 p eran Q .-F .
Company’s Office,
Aug. 4, 1894
F irst preferred, 6 per cent cum ulative..............................
100
1.250.000 6 per an. Q .-F .
do
do
Aug. 4, 1894
Second preferred, 8 per cent cumulative..........................
100
1.250.000 8 per an. Q .-F .
do ■
do
Aug. 4, 1894
Am erican Steamship—1st M., guar. p. & i. by Pa. RR .......
1.500.000
500 &c.
6
A. & O. Phila., 233 So. 4th St. Oct. 1 ,1896
American S rawboard—Stock.................................................
100
6,000,000 See text. Q —M.
See text.
1st mortgage, gold, subject to call after Feb., 1901......... 1891
1,000
1.081.000
6 g.
Boston, Internal Tr. Co. Feb. 1, 1911
American Sugar Refining—Common stock.........................
100 36.773.000 See text. Q .-J . N. Y. Office, 117 Wall St. Oct. 2, 1894
100 36.773.000 7 per an. See tex t
P rei. stock, 7 p. c. cum. (see editorial in May,’93, Sup .).
do
do
Oct. 2, 1894
1st mortgage for $10,000,000............................................
1,000 None.Jy. ’94
6
J. & J. N. Y,, Central Trust Co. Jan., 1911
American Tel. < Cables-Stock............................................ .
&
100 14,000,000 5 per an. Q.-M . N. Y., West. Union Tel. Sept., 1894
American Tobacco Co.—Com. stock, $21,000,000 a u th __
50 17.900.000 See text. Q .-F . N. Y., Farm . L. & Tr. Co. Aug. 1,1894
100 11.935.000 8per. an Q .-F .
Pref. stock, 8 p.c. non-cum.; pref. as to assets and d iv s..
do
do
Aug. l , 1894
American Type Founders—Stock, $4,000,000 is preferred.
100
9.000.
000 text.
See
N.Y.,Guar. &Indem. Co.
See t< xt.
Barney < Smith Car—Common stock.................................
t
100
1.000 .000 See text Annual. From D y ton by check, June 15,1893
Pref. stock. 8 p. c. cum., pref. as to dividends only..........
100
2,500,000 8 per an. Q .-M .
do
do
Sept. 1, 1894
1st m ort., gold, subject to call a t 110 after Ju ly 1,1902.. 1892
1,000
1 ,000,000
6
J. & J.
New York.
July 1, 1942
A m e r ic a n B e ll T e l e p h o n e C o.—Dividends.—From re a r 1887— A m e r ic a n S t e a m s h i p . —Stock authorized, $5,700,000; par, $100»
in 1888,18; in 1889,18; in 1890,18; in 1891, 18 p. c.; in 1892,15 p. c.; j paid in, $1, ¿01,400. No dividends. Bonds guar, oy Penn. RR. Co. ’
in ’93,18 p. c.; in ’94, J a n .,3 p. c. and 3 extra; Apr., 3 p. c.; July, 3 p. c.
American Straw Board.—
Incorporated under the laws of Illi­
Stock.—Stock increased $2,500,000, to $20.000,000, in May, 1893.
sheets
See V. 56, p. 463. In 1894 capital stock was increased from $20,000,- nois. Balance of Dec. of Nov. 3 0 ,1K93, and Dec. 31, 1892, were in V
31,
. 58 p.262.
quarterly
000 to $50,00(1,000, chiefly to extend the long distance service. In 58, p. 42, andper cent, paid 1893, in V and June, b u t In 1893,Sept mber
dividends, 2
in March
none in
September, 1894, outstanding as in table.
December. General office, Pullm an
On Jan u ary 1, 1894, the company had 566,491 instrum ents in or 1 ; V. 57, p. 341; V. 58, p. 42, 26 2 .) Building, Chicago. (V. 56 u
use in hands of licensees and 3 53,480 miles of wire, against 552.720 3 3
instrum ents and 307,791 miles of wire in January, 1893; num ber of
American Sugar Refining.— New Jersey corporation be
This
stations was 237,186, against 232,140 in 1893.
came in Jan., 1891, the owner of all the property theretofore belonging
One of th e company’s patents expired Jan. 30,1894, b u t m any im­ to the Sugar Refineries Co. See reorganization plan, V. 51, p. 609.
provem ents are secured to the company for a num ber of years.
It also purchased the capital stock of the four Philadelphia refineries
and a controlling interest in the Baltimore refinery. Spreckels’s re­
Annual R epo rt .—ReportOAA 1893 OA 1 in V. 58, p. 549. O
for
was
V
V
finery in California is under a lease for ten years to the “ Western
. Year ending Dec. Ol
31. 1 1890. 1 1891. l OAA 1892. AA
1893.
Total gross earnings....... $4,375,291 $4,736,007 $5,100,887 $5,781,076 sugar Refining Company,” of which the “ tru st” owns one-half the
Net earn., incl.int.,ch’ges 2,869,418 3,126,820 3,411,676 3,925,485 stock. Claus Spreckels and A. B. Spreckels are officers of the Western
Paid dividends................. 1,463,913 1,725,000 1,927,227 2,214,156 Company, and own the other half of the stock.
In January, 1893, Mr. Searles gave a list of the refineries in the
E x tra dividends...............
750,000 900,000
991,863 1,125,000
D epreciation reserve.......
655,505 501,820
492,586
586,329 United States not controlled by the Sugar T rust and with which the
tru st has no friendly understanding. They were: Revere, of Boston, daily
Total p a y m e n ts...... $2,869,418 $3,126,820 $3,411,676 $3,925,485 capacity, 1,000 barrels; Henderson, of New Orleans, daily capacity
300 to 400 barrels; Cunningham, near Galveston. Texas, about same;
—(V. 54, p. 443, 5 5 9 ; V. 56, p. 463, 5 3 7 ; V. 58, p. 222, 549,1108.)
of Brooklyn, which claims daily
American Coal.—
There are mortgage bonds for $200,000. Divi­ Mullineaux,capacity of refineries operated orcapacity of 2,000 barrels.
The daily
controlled
Sugar
dends of 6 p. c. per an. have been paid. In 1891 paid, March, 3 p. o.; Refining Co. was said to be about 40,000 barrels a day. V.by the 12#.
56, p.
September, 3*2 p. c. N. Y. office, No. 1 Broadway.
S tock .—Stock authorized is $75,000,000 (half preferred), of whieh
American Cotton Oil.— ganization .—Incorporated Oct. 12
Or
1889, under the laws of New Jersey, to succeed the American Cotton Deo. 1,1892, $727,000 common and same preferred in Treasury.
Oil Thrust, of which it was a reorganization. Owns the following prop­
D iv id e n d s .—On preferred
to
pre­
erties, all of which are free from mortgage lie n : 73 crude oil mills, 14 ferred dividends are Q.—J.; stock in full J.& date. On portion of1891,
on balance,
J. On
refineries, 4 lard plants, 9 soap factories, 15 cotton ginneries, 4 cotton July, 4 per cent; m 1892, lO1 p. c.; in 1893, Jan.,common, in
^
2 ^ p. o. (quar.g
compressors and 8 fertilizer factories; in all 127 properties, of which 35 April, 3 p. c., and 10 p. o. *x t r a ; July, 3 p. o.; Oct., 3 p. c.; in 1894,
were not active on Aug. 31,1893. See V. 55, p. 767.
Ja n ., 3 p. 0.; April, 3 p. c.; July, 3 p. c.; Oct., 3 p. c.
C a pit a l Sto c k .—Common authorized, $21,092,000; preferred, $15
A nnual R epo r t .—Fiscal year ends Nov. 30. The report for 11 months
000,000,of which$4,363,700 held to e i.u b n g e io r the debentures. Pre
stock is entitled to 6 per cent, non-cumulative, and is subiect to call a t ending Nov. 30,1892, was in V. 56, p. 79, and showed net earnings
$8,615,837, from which paid 9 per cent on the common and 7 on pre­
105. See pref. certificate in editorial of May, 1893, S u p p l e m e n t .
$2,732,157.
D iv id e n d s .—Preferred stock from June, 1892, to June, 1894, both ferred, leaving surplus for the eleven months ofcompanies, the returns
These figures did not include the controlled
inclusive, p a d 6 per cent per annum (3 p. c. semi annually).
from which in March, 1893, were such th a t the directors decided to
D e b e n t u r e B onds .—The debentures are subject to call a t 110, on two divide the surplus of 1891 and 1892, and so declared an extra dividend
m onths’ notice, and no mortgage lien can be created without the w ritten of 10 per cent on the common stock. For year 1892-93 no report had
consent of the holders of 80 per cent of them. D ebenture bonds for been issued in Sept., 1894.
$434,000 were canceled in ’92-’93 and $240,000 in 1894.
D ir ec t o r s .—H. O. Havemeyer, T. A. Havemeyer, F. O. Matthiesen
A nnual R e p o r t .—Fiscal year ends August 31. Annual meeting o*
W.
Treasurer.
N.
stockholders on th e first Thursday of November. R eport for 1892-93 J . E. Searles, Wm. Dick, (V. B. Thomas. V. 56, p. 79John E. Searles.57, Y,
117 WaU Street.
, 126, 413; V.
p.
published in full inV . 57, p. 766, showing property as follow s: Real office,V. 58, p. 81,178, 222,55. p. 177; p. 115, 472.)
595:
866; V. 59,
estate, machinery, &c., $10,387,666; cash in banks, $671,395; bills
and accounts receivable, $2,046,491; m arketable products and supplies
American Telegraph Cable.—
Sc
Owns two cables between Nova
on hand, $4,379,759; to tal valuation, $17,485,311. See also p. 741.
Scotia and England. Leased to W estern Union—which see.
For the year ending Aug. 31,1893, the profits of the whole business
American Tobacco Company.—
Organized in 1890 under laws
w ere $1,800,040, less expenses of adm inistration, interest on bonds, &c.,
$652,932; balance, n e t income, $1,147,108. The profits from all the of State of New Jersey to m anufacture and sell tobacco in all its forms.
properties, exclusive of interest charges and general office expenses
S tock
and
nave been as follows since 1888: Fifteen m onths to Aug. 31,1889, also as .—Preferred” is 8 per cent, non-cumulative, pref.has preference
“ assets in case of liquidation. See
certificate in
$1,835,795; year 1889-90, $129,979; year 1890-91, $1,902,181; year editorial to May, 1893, Su p p l e m e n t . Pref. stock [$14,000,000 author­
of
1891-92, $2,527,699; 1892-93, $1,800,040.
ized] was listed in Sept., 1890. V. 53, p. 21; V. 51, p. 349.
D ir ec t o r s .—E dw ard D. Adams, John El. B artlett, T. R. Chaney»
D iv id e n d s .—On preferred to May, 1894, inclusive, 8 per cent
Charles F. Clark, Jam es A. Garland, Charles Lanier, Mayer Lehman»
Alfred B. Mason, George A. Morrison, R. T. Wilson, all of New York City» per annum. On common stock in 1891,12 per c e n t; in 1892,12 p. c.;
N. K. Fairbank, Chicago, 111.; M. Frank, A tlanta, Ga.; G. A. Hobart» in 1893, 12 p. 0.; in 1894, Feb. 3 p c.; May, 3 p. c .; Aug., 3 p. c.
Paterson, N. J.; E. U rquhart, L ittle Rock, Ark.; John H. Maxon, St»
A nnual R e p o r t .—For year 1893 w as in V. 58, p. 305, show ing:
Louis, Mo. Chairman of the Board of Directors, E dw ard D. Adams»
Div on Pref.
Div. on Com.
Surplus.
President, Thomas R. C haney; Second Vice-President and Comptroller» 12 Mos. Net Earns.
$956,800 (12%) $2,152,500
$1,225,167
Robert F. Munro; Treasurer, Ju stu s E. Ralph. Office, 29 Broadway, N. 1893........$4,334,467
1892........ 4,739,301
960,800 (12%) 2,166,000
1,612,501
Y (V. 55, p. 746, 766; V. 56, p. 834,923 ; V. 57, p. 741, 763, 766.)
.
American District Telegraph.— S pplem nt Jan., 1893» General balance sheet of Dec. 31,1893, in Ju ly 1894, Su ppl em en t .
See u
e of
In both Feb. and May, 1893,
paid I3 p. c .; in A none; in Dec., 1p. c.;
*
ug.
D ir
Pope, George Arents, Jam es B.
in 1894,May, 1p. o. Office, 8 Dey St. N. Y. City. (V. 56,p. 886 ; V. 58, Duke,ec tor s .—Lewis Ginter, JohnW. W atts, W. H. Butler, Charles G.
Beniamin N.-Duke, George
p, 177.)
Emery, W. S. Kimball, William A. Marburg, Geo. W. Gail, Josiah Brown,
American Express.—
Dividends, 6 p. c. yearly since 1882. Office, Pres.,Jam es B. Duke; Sec., Wm. H. B utler; Treas., Geo. Arents. N. Y.
65 Broadway, N. Y. City. (V. 56, p. 500, 578.)
office,45 B’way. (V. 54,p. 4 8 5 ; V .56,p. 1 63; V. 58, p. 305,866,902.)
American Grocery Company.—
A reorganization in June, 1894,
Type
—
&c.—Incorporated
of the Thurber-W hyland Co., which see. Officers—T. L. Marsalis, Pres, InAmericanlaw s of Founders. Organization , business of manu­
1892 under
New Jersey to
an d Gen. M anager; F. W. Hopkins, Vice-Pres.; E. F. Cuming, T reas.; facturing and selling type. See adv. incarryoonicthe of Oct. 15,1892.
Ch r n l e
W. B. Nash, Secy. (V. 58, p. 1110.)
Sto
The preferred is
to
8 per cent dividend, cumula­
American soda Fountain Co.
—Formed in 1891 under laws of tive. cIk ./— a prior lien on entitled and anentitled to two votes for each
t is
assets,
is
New Jersey to m anufacture soda w ater apparatus and supplies.
share. See pref. certificate in editorial of S u ppl e m e n t for May, 1893.
D iv id e n d s .—Dividends on preferred stock have been paid in full up
D iv id e n d s .—On pref. in 1893, Feb., 2 p. c.; May, 2 p. c.; none since
to date. On common stock 10 per cent was paid in Feb., 1892 and 1893.
D ir ec tor s .—Robert Allison (President), G. Frederick Jordan, John
In Feb., 1893, all dividends were changed to quarterly, and on com. from
Marder, Wm. B. MacKellar (Vice President), John J. Palmer, J. W.
May, 1893, to Aug., 1894, both inclusive, 2*2 p. c. quarterly paid.
L oans and B il l s P a y a ble .—On Feb. 1,1894, due m anagers $427, Phinney, E dw ard F. C. Young, Henry B arth, L. Boyd Benton, A. T. H.
Brower [Secretary], George R. Turnbull [Treasurer]. N. Y. office, 39
007; bills payable, $95,000, against bills receivable, $704,068.
A nnual R e p o r t .—Fiscal year ends Dec. 31. Report for 1893 in V; Cortlandt St. (V. 55, p. 625, 638.)
58, p. 304, showed total sales of $3,026,117; net earnings, $329,055 ,
Baltimore Traction.— 56, p. 608; V. 58, p. 4 2 9 .
V.
dividends, $300,000; balance, $29,055; total surplus Dec. 31, 1893.
B a r n e y Sc S m i t h . —See Supplement N ovember , 1893.
$250,012. In 1892 sales, $3,116,743; net earnings, $410,487.
D ir ec t o r s .—Jam es W. Tufts, Boston, P resid en t; A. H. Lippincott,
B e c k t o n C o n s t r u c t i o n C o. ( L i m i t e d ) . —Organized under the
Philadelphia, F irst Vice-President; John H. Matthews,N.Y.,Second Vice- laws of Pennsylvania to consolidate the m anagem ent of the gas com­
President; Jam es N. North, Treasurer, B oston; F. W. Hopkins, New panies in Brooklyn, N. Y ., Controls the Brooklyn, Metropolitan and
Y ork; Walter S. Blanchard, B oston; Daniel J. Puffer, Boston; I. F. Citizens’ G <s-Liglit companies. S tocks .—See New York and Brooklyn
>
North, Sec’y, N. Y. Office, Boston,Mass. (V. 56, p. 2 0 4 ; V. 58, p. 304.) Gas companies, back of this S u p p l e m e n t . V. 56, p. 82.




S
eptem
ber 1894.]
,

MISCELLANEOUS STOCKS AND BONDS.

139

Subscribers will confer a great favor by {giving Immediate notice of any error discovered in these Tables.
tsonAis—Pt-iuol
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal, When Due
Date Size, or
Amount
Last
P ar Outstanding Rate Per When Where Payable, and by Stocks.—
wr_ nyT.io.ilat,ion of column headings, «feo., see notes on of
Whom.
Dividend.
Cent. Payable
Bonds Value.
y
first page of tables.
fe
5 g. J. « J. N. Y., Redmond,K. «feCo. Ju ly 1, 1923
1893 $1,000 $1,300,000
nridaeport Traction—1st mortgage, gold...........e '
fe
7,650.000
1,000
5 g. J. « D. N. Y., Nat. Union Bank. Dec. 1, 1943
g E
d 7th Ave. 1st oon. M. $1^,500,000, gold.o*&r 1893
>
2,240,000
1,000
5 g. J. «fe J. Brooklyn, 1st Nat. Bk. May 1, 1941
1894
Brooklyn Querns Co. < Suburban.—1st M. $3,500,000, g..
£
May 1, 1941
do
do
2,500.000
1,000
5 g. M. «fe N.
” First comtolidated mortgage $4,500,000, gold. ............. 1894
Jan. 1, 1930
J. « J.
fe
do
do
240.000
1,000
lamaica & Brooklyn Road—1st mortgage, gold.............
fe
Co’s, option.
I s - J. « J.
250.000
1,000
Broadway (of Brooklyn) 1st m ortgage............................
J. « J.
fe
Co’s, option.
100.000
5
1,000
....
1 st mortgage Yates Avenue (guaranteed)...............
6,000,000
100
rmnlclva Traction—Common stock. . . . . . . . . . . . . . . . . . . . . . . .
fe
See text.
3,000,000 See text. J . « J. From office, by check.
100
Preferred stock, 6 p. o. cum., sub. to call a t 110 and int.
fe
160,000
1,000
e g . J. « D. Deo.,’93, coup, last paid Deo. 1, 1896
Brunsvnck Company— B- nds, gold......................... .............. 1891
3,391.300
100
/innton Company—Stock,
....................... - -................
6,500,000 7 per an. Q .-J . N. Y., Office, 37 Wall St. Oct. 3, 1894
100
Ventral < Smith American Telegraph—Stook $8,000,000..
&
5
conv. into stk.
1,417,600
F. < A.
fc
do
do
Construction certificates to be converted into stock....... 1892
July 1, 1916
fe
See text.
ohejnmea e > Delaware Canal—1st M. (extended in 1886)r 1886 500 «feo. 2,602,950 See text. J. « J.
fe
J. < J. N. Y., W. « J. O’Brien. Jan. 1, 1915
fc
743,000
6 g.
1,000
(ihicaqo < Atchison Bridge—1st M. for $1,000,000, gold..e 1885
£
100 24,885,800 See text. Quar’ly. N.Y., Central Tr. Co. Ju ly 23, 1894
(ihicaao Cos—Trust Co.’s receipts of equitable interest...
fe
500
2,100,000
6 g. M. « N. N.Y..Cent. Tr.«fe Lond’n. Nov. 1, 1904
People’s Gas Light & Coke 1st mortgage, g o ld ............. c 1874
Dec. 1, 1904
fc
do
do
2,500,000
500
6 g. J. < D.
2d mortgage............................................. -- ................... < 1874
See text.
1,000
6 g. A. «fe O. N. Y., Central T rust Co. Apr. 1, 1943
1st consol, mortgage for $10,000,000gold................ o 1893
2,000,000
fc
1,000
6 g. J. < J. N. Y.,Cent.Tr.«fe Chic.Of. July 1, 1905
Equitable Gas Light & Fuel 1st m ortgage.....................o’ 1885
4,346,000
fc
1,000
5 g. J. < D. Chioago, Union Nat. Bk. Deo. 1, 1936
1886
Consumers’ Gas 1st m o rtgage, gold.....................
fe
1,000 10,000.000
5 g. J. « J. N. Y., Central Trust Co. July l , 1937
Chicago Gas Light < Coke 1st mortgage, g. (seetext)..< 1887
&
fc
6,500,000 See text. J . < J. N. Y., Office, 45 B’way. Ju ly 28,1894
100
Chicago Junction Railways < Onion Stock. Yards—Stock.
&
do
do
Ju ly 28,1894
fe
6,500,000 6 per an. J. « J.
100
Preferred, 6 per cent cum ulative..... ................................
fe
1,000 10,000,000
1890
5 g. J. « J. N.Y., Cent. Tr.; London. Ju ly 1, 1915
Collateral t r u s t bonds, gold, $ o r & ............. .. .c’
See tex t .N.Y. Of.—When earned. Ju ly 1, 1907
2,864,000
5
1,000
Income bonds, 5 per cent, non-cum. (See rem arks)... c’ 1892
B r i d g e p o r t Traction Company.— Map.) -C hartered in
(gee
Tulv 1893. A consolidation of the Bridgeport Railway, Bridgeport
Horse By. and E ast End Ky. companies, and operates by electric!« y the
entire system of street roads in the city. Owns a perpetual and ex­
clusive franchise from the State of Connecticut and is exem pt from all
city taxation.
—Now in operation and under construction; 32 miles of track
laid with 70 to 90-pound steel rails,
E or ipm ent .—Road is equipped w ith modern m otor oars of General
Electric make. The power house, car barns, etc., and other real estate
are owned by the compauy.
Stock.—
Authorized and issued, $2,000,000; par, $100; fully paid in
and non-assessable.
Bonds.—
The m ortgage is for $2,000,000 (Trustee, Fidelity Title <
fe
Dep. Co., Newark, N J.), an i is a first lien on the franchises and all
property now owned, or which m ay be b ereatter acquired, and is
«sued at 75 p. c. of actual cost thereof as required under the laws of
Connecticut. BondB are certified by ■State Auditor as issued.
The unissued bonds m ay be sold for improvem ents and new con­
struction, but a t not to exceed 75 per cent of the actual cost of such
improvements, eto.
OrriCERS.—Pres’t, N athan H. H e ft; Y. Pres., Elias S. Ward, (Newark,
N. J.); Treas., Wm. Scheerer (Newark, N. J.); Seo’y., ThomasL. Watson.
General Office, Bridgeport, Conn.
Broadway & Seventh Avenue (Street) BB.- 1893 issued
In
above consol, mortgage to pay for laying cable on Broadway, N. Y.
city. Authorized issue, $12,500,000, of which $4,850,000 reserved to
take up underlying issues, including Broadway Surface and South
Fern bonds—see Street Railroads in back of this Supplement . Road is
controlled by M etropolitan Traction Co. (V. 58, p. 733.)
Brooklyn City J®1
“
i see L n Island ractio C .
o g
T
no
Brooklyn Heights BB - )
Brooklyn Queens County Suburban.— consolidation in
&
A
January, 1894, of Broadway RR. of Brooklyn, Jam aica < Brooklyn
fe
Boad Co. and Broadway Ferry & M etropolitan Ave. RR., with a total
mileage, existing and to be constructed, of about 106 m les. Through
trolley line W illiamsburgh to Jam aica opened Aug. 1,1894.
Stock .—Capital stock $2,000,000, all owned by Long I. Traction Co.
Bonds.—First mortgage bonds for $350,000 reserved to retire B road­
way Co. bonds, and $910,000 are to “trolley” the system. Consolidated
mortgage bonds for $2,000,000 to be used for extensions and equipment.
Consols are redeemable after 1916.
B r o o k ly n T r a e t l o n . —Organized in 1892 and purchased the stock
of the Atlantic Avenue Street RR. Co. of Brooklyn. The road is
operated with electricity. The Brooklyn Bath & West End Railroad
(see Railroads) has been bought in same interest. The securities
of the Atlantic Avenue Company are described a t the back of this
S upplement in table of N. Y. < Brooklyn street railroads.
fe
E arnings .—Combined earnings of A tlantic Avenue and Brooklyn B. <
fe
W. E. f. r June, 1894, were gross $105,627, against $91,780 in 1893;
net, $43,148. D ividends: In July, 1893, on pref. 3 p. e . ; in 1894, Jan.
and July, none. Office, Brooklyn. (V. 57, p. 978; Y. 58, p. 733.)
Brunswick Company.—
Owns real estate and w ater front in
Brunswick, Ga., and stocks in looal cos. Stock, $5,000,000; par, $100.
Canton Company.— Supplement of September, 1892.
See
Central Jersey Traction.—
Incorporated in July, 1894. See V.
-59, p. 115. Central&. South American Telegraph.— cable line from
O wns
Yera Cruz, Mexico, to Valparaiso, Cmli, 4,750 miles, and land lines
350 miles, etc. Also the Trans-Andine telegraph lines, 1,200 miles,
purchased in 1891, and connecting Valparaiso with Buenos Ayres.
Connects a t Yera Cruz w ith Mexican Telegraph Co., and owns an inter­
est in cable betw een Galveston and Coatzacoalcos, 825 miles, eto.
Stock, E tc.—In June, 1892, $1,417,600 construction certificates were
sold at par to nay for second cable between Salina Cruz, Mexico,
and Chorillas, Peru. These certificates are to be converted into stock
within three years from May 29,1893 (when the work was completed),
during which period also the Mexican Telegraph Co. has contracted to
pay this company $20,000 annually. See Mex. Tel. See V. 54, p.
1047. Increase of stock to $8,000,000 was authorized Jan . 18,1893.
Dividends.—In 1885 and 1886,4 per cent; in 1887, 6 per cent; from
1888 to Oct., 1894, both inclusive, a t rate of 7 p. c. per annum,
payable quarterly; in March, 1890, paid stock dividend of 20 per cent.
E arnings.—Est. surplus March 31,1894, $529,657. For year 1893
gross, $818,421; net $ 535 ,009, against $502,000 in 1892; dividend and
interest, $455,933; balance, surplus, $79,076. Office, 37 Wall St., N.
Y. (V. 55, p. 1077; V. 56, p. 127, 538.)
Chesapeake & Delaware Canal.— canal from Delaware
Owns
City to Chesapeake City, Md. In June, 1893, bondholders were asked
to accept 4 per cent interest (in place of 5 per cent) until contingent
fund, reduced to $49,613, should again am ount to $100,000. Interest
is payable a t the office in Philadelphia. In year 1892-93 gross receipts
were $156,235; net, $113,683; interest a t 5 per oent on bonds,
$130,147. Stock, $1,903,238; par, $50.
Chicago & Atchison Bridge Co.— and operates a railw ay
Owns
and highway toll bridge across the Missouri River a t Atchison, Kansas,
used by the Chicago Rock Island & Pacific, H annibal < St. Joseph, Kan­
fe
sas City & Council Bluffs, Missouri Pacific and Atchison Topeka < Santa
fe
Fe railway companies. There are 2d 7s for $142,550.




C h ic a g o G a s .—Organization.—The Chicago Gas Co. no longer
exists, but the tru st receipts of the Fidelity Insurance T rust <
fc
Safe Deposit Company of Philadelphia certify th a t the holder is
entitled to his ratable proportion of the ownership in all the stocks of
the several Chicago gas companies held by the Fidelity Company (sub­
ject to the lien of the bonds), and has the right to receive the dividends
thereon and to vote the same as he may choose.
B onds.—See application in full to New York Stock Exchange in
Chronicle , V. 47, p. 746. The guaranty of the Gas T rust Co. as to
principal a «d interest is endorsed upon the bonds of the everal issues
in the table above. The Gas Trust Co. has ceased to exist, but the
bonds are said to retain “ a full and equal lie n ” upon the securities
held in tru st by the Fidelity Co. See above. See also “ Finances” below.
D ividends .—In 1889,4 p. o .; in 1890, 3; in 1891, 3; in 1392. 514 p. o.
in 1893, March, l 1 p. e .; m June. 1*3 p. o.; in Oct., I 'a p .o . in sorip, ex
»
changeable for People’s Co. consols; in 1894, Jan., l 1 per cent in oash
^
April, lLj per cent; Ju ly 1*2 per cent.
Securities Owned .—The Fidelity Co. holds $14,887,625 of the $14,984,200 stock of the companies whose bonds are given in the table
above, this sto k having been trusteed for the benefit of the
shareholders of the Chicago Gas T rust Company, and for the security
of the holders of the mortgage bonds th at were then, or might there­
after, be issued by any of said companies. Through the interest in said
companies there are also controlled all but $15,800 of th e $1,650,000
stock of four sm aller companies, three of which have outstanding
the following bonds: Lake Gas Company, $300,000 1st m ortgage
6s; Hyde Park Gas Co., $200,000 1st mortgage 6s; and Illinois lig h t
Heat < Pow er Co., $500,000 1st 7s guaranteed by the Peoples’ Co.
fe
D ealings w ith City .—In June, 1891, a settlem ent was reached by
the several companies on the basis of the city getti ng 3 per cent of the
gross receipts, or a t least $150,000 per annum, and paying $1 ner 1,000
feet for its gas—the price of gas to other consumers to rem ain a t $1 25
until 1893, when a reduction of 5 cents in the price m ust be made each
year following until $1 has been reached. Se* V. 52, p. 939.
In April, 1894, the Attorney-General of Illinois began proceedings
against the companies to annul their charter on the ground th a t they
were m aintaining a trust. These proceedings have since been discon­
tinued and litigation betw een the company and the State of Ilinois is
term inated. Each company now m aintains a separate existence. See
V. 58, p. 1109; V. 59, p. 28.
E conomic Gas Company.—The Chioago Economic Fuel Gas Co.,
controlled in the interest of the Chicago Gas Co., has issued $2,500,000
of 5 per cent gold bonds, due Jan . 1,1916, interest J. < J., secured by
fe
mortgage to the Central Trust Co. of New York. The Economic m ort­
gage is for $5,000,000, and bonds additional to the $2,500,000 can be
issued, but only for extensions, equipm ent or betterm ents to the am ount
of 90 p. ct. of the cost thereof. See V. 54, p. 366,405,799; V. 56, p. 501.
F inances.—Of the $25,000,000 tru st receipts, $114,200 have been
canceled. The People’s Gas Light Co. in September, 1893, executed a,
consolidated m ortgage for $10,000,000 of 6 per cent bonds, of which
$4,600,000 are deposited w ith Central Trust Co. to redeem all prior
bonds; and in November, 1893, $2,000,000 were in treasury and
$3,400,000 were to be issued for construction. V. 57, p. 899. Of
these la tte r $1,450,000 had been listed on N. Y. Stock Exchange in
Sept., lo94. Y. 58, p. 264.
E arnings, E tc .—The Chicago Gas earnings have been as follow s:
Surplus.
Net Earnings.
Interest..
Year.
$2,053,304
.. $3,219,864 $1,166,560
1 8 9 3 ..
.
..
3,035,604
1,087,508
1,948,096
1 8 9 2 ..
.
..
2,787,835 1,044,250
1,743,585
1 8 9 1 ..
.
..
2,389,709 1,035,100
1,354,609
1 8 9 0 ..
.
New York Office, 29 Broad Street.—(V. 56, p. 331,1015 ; V. 57, p.
217, 375, 422, 468, 853, 893, 899 ; V. 58, p. 512, 715, 815, 902, 1109;
V. 59, p. 28, 514.)
Chicago Junction Railways & Union stock Yards.—
Or ­
ganization .—This company,incorporated in 1890 under the laws of New
Jersey, has purchased 98 per cent of the stock of the Union Stock Yard
& T ransit Company of Chicago, which latter company owns the entire
stock of the Chicago «cIndiana State Line Railroad Company. The
S
property thus controlled is situated in Chicago, and consists of 470
acres of land (with one mile of w ater front) containing warehouses,
sheds and pens (to accommodate 25,000 head of cattle, 160,000 hogs,
etc.); also 130 miles of railway, connecting w ith all the railroads entering
the city. See adv. in Chronicle Ju ly 19,1890, and V. 52, p. 203.
A greement w ith P ackers .—Under a fifteen-year agreement dating
from Ju ly 1, 1891, th e Chioago packers, Messrs. Armour, Morris and
Swift, and others, guarantee to give this company the business of pack­
ing all live stock slaughtered by them within 200 miles of Chioago.
See V. 54, p. 328, 923; V. 55, p. 99, 297.
In July, 1892, a five-year contract was made w ith th e rem aining
packers, the so-called Stackney packers. See V. 55, p. 99.
Capital Stock .—The common stock authorized is $6,500,000; pre­
ferred, $6,500,000. The preferred stock is 6 per cent (cumulative), and
in case of liquidation will have priority over common as to all assets.
D iv id e n d s .—On preferred, 6 per cent yearly to date. On common
in 1891,10; in 1892, 8 p. c.; in 1893,8; in 1894, J a n .,4 p . o.; Ju ly ,4 p .o .
B onds .—See S u ppl e m e n t of May, 1894. Ja n u a ry and July, 1894,
coupons of incomes were paid.
A nnual R e p o r t .—Fiscal year ends June 30. Annual meeting in J e r ­
sey City first Thursday in July. Report for 1893-94 was in V. 59, p. 69.

140
INVESTORS’ SUPPLEMENT.
[Voi,
lix




S e p t e m b e r , 1894.]

MISCELLANEOUS

STOCKS AND

BONDS.

141

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
Bonds—P rinci INTEREST OR DIVIDENDS.
MISCELLANEO!! S.
pal,When Due.
D ate Size, or Amount
When Where payable, and by Stocks—L ast
Par
R ate per
i¡v,r explanation of column headings, &c., see notes on of
Whom.
Dividend.
Bonds Value. Outstanding Cent. Payable
*
first page of tables.
5 g. J. & D. New York & Baltimore. June 20,1922
Mtu & Suburban H y —1st M. consol. $3,000,000, gold..1 1892 $1,000 $2,430,000
1
3,829,100 See text. Q .-J. N. Y.,Office— Church St July 15, 1894
100
maftin (H. B.) Company—Common stock..............-■ -- - Aug. 1, 1894
100
2,600,300 5 per an. Q .-F .
do
do
1st nref. 5 per cent,gold, cum .... $pref. as to princiAug. 1, 1894
2,570,600 6 per an. Q.—F.
do
do
100
2d nref 6 per cent, cum ulative.... ( pal and dividends.
1,000
700,000
5 g. J. & J. N. Y., Company’s Office. Ju ly 1, 1909
Col. Coal < Iron Devel.—1st M., g., gu., red. a t 105. .. c*&r 1889
&
1,000
558,000
1897
6 g. J. & D. N.Y.,Real Est.L.&Tr.Co
Collateral t r u s t b onds, gold, secured b y la n d n o te s....... 1892
9,250,000 See text.
100
N. Y., 18 Broadway. May 15,1893
Colorado Fuel < Iron—Common stock, $11,000,000..........
6
2,000,000 See text. F. & A.
do
do
Feb., 1894
100
Preferred stock, 8 per cent, cum ulative.................... ........
1,000
3,021,000
■Col Coal & Iron 1st consoL M., gold, s. f., not draw n., c* 1880
6 g. F. & A. N.Y.,Knickerbocker Tr. Feb. 1, 1900
1,000
1,040,000
6 g- M. & N. N. Y., Atlantic T rust Co. May 1, 1919
Colorado Fuel Co’s gen. m ort., gold, s. f. red. a t 11 0 ..o' 1889
1,000 None A’g.’94
5 g- F. & A N.Y., Office 18 Br’dway Feb. 1, 1943
•Col Fuel & Ir. gen. M. ($6,000,000) g.,s.fd., red. 105.c*&r 1893
New York.
Apr. 1, 1919
1,000
768.000
•Grand River Coal & Coke 1st mortgage, gold, see text.c* 1889
6 g- A. & O.
Aug. 20,1891
100
4,890,000 See
Columbus 4 Hock. Coat d i r on Go—Stock, $190,000 is pref.
960.000
1,000
6 g. J. & J. N. Y., Central Trust Co. Jan. 1, 1917
1st M., g. (13,351 acres land, mines, &o., s. f., not dr’n.c* 1887
100 10,000,000 See text. Q.—J. N. Y., 253 Broadway. Oct. 1, 1894
Commercial Cable—Stock ($ 1 0 ,0 0 0 ,0 0 0 )........... -------4 g. M. & N. N. Y.—when earned. Sept. 1, 1919
Comstock Tunnel—Income, non-cum. ($3,000,000) ,gold.c 1889 500 &c. 1.908.000
N. Y.,Co.’s Of.,120B’way Oct. 1, 1890
2.500.000 See
100
Consolidated Electric Light—Stock— ................................
1895
95,100
J. & J. N.Y., Am.Exch. Nat.Bk.
6
Debenture bonds, sinking fund.......................................c
100 35,430,060 See text. Q.-M . N. Y., Office, 4 Irving PI. Sept. 15,1894
Consolidated Gas (N Y .j- Stock................................ . . . . . . .
do
do
J. & D.
June 1, 1898
1,000
366,000
6
Knickerbocker Gaslight, 1st mortgage, sinking fund.c* 1878
F. & A. N. Y., Farm. L. & Tr. Co. Aug. 1, 1901
658,000
6
Metropolitan Gaslight Co., 1st m ortgage.....................c ’ 1881 500 &e.
M. & N. N. Y., Office, 4 Irving PI. May 1, 1908
1,000
1,500,000
5
D eb en tu res................................................... - • • - ......................r 1888
N. Y. Of., 20 Nassau St. Mch. 1, 1893
2,800,000 8ee text.
25
Consol. Kan. City Smelt’g &Re fin ’g—$t’k($2,500,000)com.
1,000
1,000,000
6 g. M. & N. N. Y., Of. 20 Nassau st. May 1, 1900
1st M., gold, subject to call a t 105 after May 1,1895. . 0* 1890
100 10,250,000 See text. Yearly. N. Y.,Co.’s Of.,71 B’way. Feb. 1, 1894
Consolidation Coal o f Maryland—Stock...............................
do
do
Jan. 1, 1897
1,000
6
J. & J.
1,100,000
1st m ortgage, co n v ertible into stock a t p a r ................... c 1872
1.000
3,581,000
6 g. J. & J. July, ’93, coup, last pd. Jan. 1, 1908
]Denver City Cable—1st mortgage, gold.........................c*<fcr 1888
The present m anagement only took charge in May, 1892, and no re­
1892-93.
1893-94.
$1,631,277 $1,733,005 port for year 1891-92 was made.
Balance previous y e ar....................
60,650
210,638
21,835
A nnual R epo r t .—Fiscal year ends Mar. 31. Report for 1893-94
General expenses, rents, &c............ 167,247
113,232
120,921 was inV . 58, p. 1108. Iron production for year, 4,180 tons; coal,
Interest on bonds...............................
500,000
796,850
644,025 356,402 tons. There were car trusts for $112,112.
Dividends ...........................................
889,204
910,000
910,000 Year to Mar. 31. Gross.
Yet. Int., taxes, etc. Imp., etc. B al.,def.
$3,465
$71,305
$13,867
$81,702
Balance, surplus............................... $210,638
$21,834
$79,894 1893-94..............$412,H 3
1892-93.............. 717,752 6,953
72,175
36,680
101,902
Directors .—Chauncey M. Depew (C hairm an),---------- ------- ---------Total deficit March 31,1894,
N.
office, 80 Broadway.
/President), Edward J . Phelps, of Burlington, W , W. J. Sewell, Cam­ -(V . 52, p. 507, 643, 831; V. 53,$409,670. 8 8 ; Y. 58, p. 1.108.)
p. 187, 2
V.
den, N. J.; F. H. Prince, Boston; Fred H. Winston and Albert H. Yeeder,
E. J. Martvn of Chicago, M artin L. Sykes and George Peabody Gardner. Commercial Cable Company.— is popularly known as the
This
N. Y. office, 45 Broadway.—(V. 57, p. 59, 1 0 4 ; Y. 59, p. 69.)
Mackay-Bennett Cable Company, owning three cables from Nova Scotia
France; one from Ireland to
Citizens» Gas Co. (Brooklyn.)— New York and Brooklyn to Ireland; one from Ireland to Havre,Scotia to New York and one to
See
Bristol, England; also one from Nova
companies in the back of this S u ppl em en t and also S u p . of May, ’94. Rockport, Mass., &c. In September, 1887, the authorized stock was
CitySc Suburban.— Su ppl e m e n t Ja n ., 1893, and V. 68, p. 476. raised to $6,000,000, and in October, 1888, to $10,000,000. New stook
See
Claflin( H . B .) Company.—
Incorporated under the laws of New for $1,929,000 was sold in July, 1893, for third cable, Nova Scotia to
Jersey in May, 1890, to carry on the m ercantile business of the firm of Ireland, completed in August, 1894. No bonded debt Sept., 1894.
D iv id e n d s .—In 1889,
p. c.; in 1890, 6 per cent; in 1891, 7;
H. B. Claflin & Co., of New York City. The company’s premises have a
frontage of 375 feet on W orth Street, and with all appurtenances are in 1892, 7 ; in 1893, 7 p o.; in 1894, Ja n .,l% p . e.; April, l% p . o.; July,
valued at $2,739,181, its total assets June 30,1894, including merchan­ 1% p. c.; Oct., 1% p. c.
dise, accounts receivable, etc., being p u t a t $13,955,437. V. 59, p. 69.
E arnings .—In 1893 gross, *1,842,346, against $1,890,377 in 1892 »
Dividends and report for 6 m onths ending June 30,1894, were in net, $1,057,746, against $1,099,588 in 1892. Mr. J. W. Maokay, Presi­
Ju ly , 1894, S u ppl e m e n t . Office corner Church and Worth Streets, New dent, 1 Broadway, New York.—(V. 54, p. 5 2 5 ; V. 56, p. 501; Y. 57, p.
York. (Y. 55, p. 99; V. 56, p. 80; V. 57, p. 104; V. 58, p. 8 0 ; V. 59, 218, 255,1038.)
p. 69.)
Comstock Tunnel Co.— Sutro Tunnel on Comstook Lode for
O wns
Colorado CoalSc Iron Development.— erly controlled
Form
operations and has contracts w ith
by Col. Coal & Iron Co. The total real estate owned Nov. 1,1892, was facilitating gold and silver mining rate of per
for
at
bullion
valued a t $6,209,623 (including town lots in Pueblo, e tc .); land notes, mining companiesgold. royalty $4,000,0004 (par, cent on In terestyield
a t m arket price in
Stook,
$2-00).
paid
$900,000; other assets, $220,377; to tal assets, $7,330,000. Stock, on incomes Nov. 1,1892,1*2 per c e n t; none since.
$6,000,000; par, $100. Liabilities as in table above. See full state­
A nnual R epo r t .—Report for year ending August 31,1893, was in Vment to N. Y. Stock Exchange in December, 1892, in V. 55, p / 1112.
57, p. 637, showing royalty received $48,443 (against $71,401 in
N. Y. Office, 45 Wall Street.
1891-92); other earnings,
Colorado Fuel Sc I «-on.—
Organization and P r o per ty .—A back royalty, $8,070; to tal $10,903; miscellaneous receipts, $9,154;
receipts,
Disbursem ents—Oper­
Colorado corporation formed in October, 1892, by consolidation ating, etc., expenses, $95,024; bond $76,570. paid, $26,365; deficit
[V. 55, p. 373, 639,] of the Colorado Fuel and the Colorado Coal & Iron for 1892-93, $44,819. against deficit of interest in 1891-92. New York
$25,615
Cos., the former controlling the Grand River Coal & Coke and the Denver office, No. 115 Broadway. (V. 55, p. 5 9 9 ; Y. 57,p. 637; V. 58, p. 430.)
Fuel companies and the Huerfano Land Association. Application to
N. Y. Stock Exchange w ith balance sheet on Nov. 1,1892, was in V.
Consol. Electric Julgkt.— S u ppl e m e n t Jan u ary , 1893.
See
55, p. 1040. Cash and convertible assets in excess of liabilities June
Consolidated Gas of e w York.—
N
This company was organized
JO, 1894, $1,345,729, includ. $669,585 of stocks and supplies on hand.
11, 1884,
The
Stock.—The authorized capital stock is $2,000,000 of 8 per cent November merged in under chapter 367, laws of New York, 1884. Gas­
companies
it were the New> York Gaslight, the Municipal
cumulative preferred stock and $11,000,000 common stock. Of the light, the Metropolitan Gaslight, the M anhattan Gaslight, the Knicker­
common $1,750,000 rem ains in the treasury. Pref. stock “ dividend bocker Gaslight and the Harlem Gaslight. The total stook was $39,scrip” outstanding Ju ly 1,1894, $159,616.
078,000, of which $3,647,940 was reserved for working capital and for
Bonds.—The consolidated company assumed the bonds of the Colo­ indebtedness of old companies. Dividends, formerly 6 per cent per a n ­
rado Coal & Iron, the Colorado Fuel and the Denver Fuel Company, num, were in June, 1893, increased to 8 per cent (2 per cent q uarterly).
and has executed a general mortgage for $6,000,000 covering its
Consolidated Kansas City Smelting Beflntng.—
Sc
Incor­
entire property, $4,194,000 bonds secured by which were reserved
to retire the prior bonds at or before m aturity. Of the $1,806,000 bonds porated in 1887 under laws of New York, and owns extensive works a t
available for other purposes $1,000,000 will be sold to pay off time Argentine, a suburb of Kansas City for smelting and refining gold, lead,
loans made to secure working capital after reorganization. The annual silver and copper ores. Also has smelting works near El Paso, Texas,
sinking fund for the consols is 2 cents per ton of coal and 5 cents per and Leadville, Colorado. In Mexico it owns three valuable mining
ton of iron mined, the consols being subject to call for redemption from properties. Dividends from August 1,1887, to February, 1892, both
inclusive, a t rate of 10 per cent per annum in oash, and in 1892 I2*a
this sinking fund (but not otherwise) on any interest date a t 105.
In August, 1894, no generals had been sold, b u t loans for $906,648 Der cent also in stook to represent earnings spent in improvements; in
March, 1893,10 per cent in stock. Preferred 7 per cent cumulative
were secured by these bonds.
The Fuel & Iron Co. also assumed the Col. Coal & Iron Co’s guaranty stock for $1,000,000 authorize l in January. 1834, has prior lien on
of Colorado Coal & iron Development bonds for $700,000. The asi-ets and earnings; $300,000 issued tp Aug. 1,1894. In 1892 net
Grand River Coal & Coke Co.’s bonds are not guaranteed but earnings were $244,000. Mr. N. Witherill, Vice-President, 20 N assau
a majority of the company’s stock is owned by the Colorado Fuel & Iron. Street, N. Y. City. V. 56, p. 403.
Dividends ,—On common: In 1893, May., l ^ per cent. On preferred,
Consolidation Coal.—
Report for 1893 was in V. 58, p. 344. Ooa
In 1893, Feb., 4 p. o.; Aug., 4p. c., in scrip; in 1894, Feb., 4 p. c. in scrip. mined in 1893,107,559 tons, agaipst 938,695 in 1892.
1892.
1893.
Annual R eport . — Report for year ending June 30, 1894, was l’he gross receipts from mines, railroads, rents,
&c. (including value of stock of ooUlon hand).$2,424,994 $2,377,527
given at length in V. 59, p. 370, 373, and showed:
Net re c e ip ts.......................................................... $354,217
$368,508
The interest in 1893 took $116,900; balance, surplus, for dividends,
"l892-93.<?i'0Si893-94. ' 1892 93. * 1893-9L $251,608. Baltimore & Ohio Railroad owns $3,810,000 stook.
Fuel departm ent............ $3,605,103 $2,294,569
$816,187 $449,380
This company guarantees $1,000,000
Cumberland &
Iron departm ent........... 2,951,105
1,775.562
204,661 145,428 Pennsylvania RR., whose stock it owns.bonds of the since 1883: for
Dividends
Retail dept., etc.............. 411,754
305,617
68,590
65,957 1884 and 1885,1; for 1886, %; for 1887, 1% for 1888, 2 k ; from 1889
Total......................... $6,967,962 $4,375,748 $1,089,438 $660,765 to Feb., 1894, inclusive, 2 p. c. yearly. (Y. 56, p. 3 7 3 ; V. 58, p. 34 4 .)
Deduct general expenses.......................................
124,906
98,656
Delaware Division Canal.— L e h ig h C oal & N a v igation .
See
Denver City Cable.— an extensive system of cable lines In
Owns
Balance to income account...................................
$964,532 $562,109 Denver, Col., and has the exclusive right to operate horse railways in
. Interest on bonds, $318,840; taxes, sink, funds, etc., $116,249 ; div­ thateity till 1902. On November 10, 1893, George E. Randolph and
idends, $80,177 ; balance, surplus for year, $46,843. Total surplus Cornelius S. Sweetland appointed receivers. Reorganization plan of May
July 1,1894, $78,047.
1,1894, offers (1) bondholders a new 25-year 3-5 per cent bond and 6
D ir ec t o r s .—John C. Osgood, H enry R Wolcott, Dennis Sullivan, p. o in new first preferred stock, (2) preferred stockholders share for
th are in new second preferred, (3) old common paying an assessm ent
John L. Jerome, Charles H. Toll, William H. Jam es, J. A. Kebler, D.
ew
0. Beaman, A. C. Cass, of Denver ; Paul Morton, of <hicago ; C. F. Meek, of $10 per share to leceive share for share in new common. N
E. Thalmann, of New York ; W. L. Graham, of Pueblo. J. C. Osgood, issues to be 1st mortgage bonds, $4,000,000; 1st preferred, $1,000,000;
President. Office, 18 Broadway, New York.—(V. 55, p. 22, 100, 145, 2d pref erred, $200,000; common, $2,500,000. See al-o V. 58, p. 941.
177, 331, 373, 639, 6 7 8 , 679, 894, 1036, 1040; V. 56, p. 500, 579, Mileage owned: Cable lines, 30 miles single track; horse car lines,
1014; V. 57, p. 179, 217, 3 7 3 ,1 0 8 2 ; Y. 58, p. 474; V. 59, p. 330, 3 70, 10 miles single traok; total owned and operated in March, 1894,40 miles.
Stook authorized, $3,000,000; outstanding, $2,770,000; par $100. Ap­
to N.
p. 487. Bonds listed were $3,397,000
ColnmbnsSc Hocking CoalSc Iron Company.—
Organized at plication1894. Y. Stook Ex V. 50,Central Trust Co.
Mortgage trustee,
Columbus, O., Jan u ary 26,1883, and owns large coal a n d iro n pro p er in Sept.,
R eo k g a 'T Z \ tio n Co m m ittee .—F. W. Roebling, C. S. Sweetland, B. F
ties, (13,250 acres of land) w ith extensive works thereon, in Ohio, a
full (it-.-cription in Chron icle of February 26,1887, V. 44, p. 278. Vaughan, H. St. John Smith, G. E. Taintor. Chairman, 11 Wall Sr,, N. Y
The Central T rust Company of New York is trustee of the mortgage. Foreclosure sale has been ask d for by Cent. T rust Co. of N,v ., Trustee.
—(V. 54, p. 203; V. 57, p. 808; Y. 58, p. 941; V. 59, p. 472.
Dividends on preferred: In 1891, 5 per c e n t; none since.
Year ending June 30—

1891-92.

Dividends of U. S. Y. Co., &c..........$1,706.440




INVESTORS’ SUPPLEMENT.

14S

[V l HX.
o.

Subscribers will confer a great favor by giving immediate notice of any error discovere in these Tables
MISCELLANEOUS.
first page of tables.
Denver City Water—General M. for $7,000,000 gold__ c
Denver Consolidated Oas—Stock........................................
1st m ortgage, gold (see rem arks)...................................c’
Denver Consolidated Tramway—Denver Tram. 1st M., g ..
Denver Tram. Consol, mort., for $2,000,000, gold.. .o*<sa
Met.St. RR.Co. IstM . fo r$1,000,000 ($20,000 p.m.)g.gu
Consol, m ortgage for $4,000,000, gold
.................... c’
Detroit Gas—
Underlying bonds................................. ............
Coupon funding boDds..........................................
DelroitMack. < Marquette R. R.—Land M. (ine.) red.at 100.r
P
.
Diamond Match.—Stock—
Listed in February, 1893............
Distilling < Cattle Feeding- Stock.......................... ..............
k
1st M., $8,000,000, gold, subject to call a t par in 1903.
Edison Electric Illum inating o f Brooklyn—Stock.............
IstM . ($2,500,000) ,g., sub.to call a t 110aft.0c.l,1900 c*<fer
Edison Electric Illum inating o f New York—S tock.............
IstM ($5,000,000)g.,conv.,red.at llO a ft. Sept.l,1900.c*
Equitable Cas Light Co. o f New York—Stock.................. .
F irst mortgage............v-...................... .................... ............
Consolidated mortgage for $4,000,000, gold.................. c
E rie Telegraph < Telephone—Stock ($5,000,000)................
£
Collat. tr. gold bonds, ($500,000) s. f., not subj. to call..
do
do
($1,000,000)...................................
Fort St. Union Depot (Detroit) 1st mortgage, gold........ c*
General Electric—Common s to c k ............................... ...........
Preferred stock 7 per cent cum. (not pref. as to assets).

Bunas—1' nLcj
INTEREST OR DIVIDENDS.
D ate Size, or
Amount
of
P ar Outstanding P ate Per When Where Payable, and bv pal, When Due
Stocks—
Last *
Bonds Value.
Cent. Payable
Whom.
Dividend.
1890 $1,000 $1,288,000
5 g. M. & N. In default -See text.
1, 1910
100
1,500,000 See text. See tex t N.Y..Maitland, P. & Co. Feb. 15. i 894
1891 100 &o. 1,500,000
6 g. J. & J. N. Y.,Atlantic T rust Co. Nov. 16,1911
1,000
1888
498,000
6 g. J. & J. N. Y., MercantUe Tr. Co. July 1, 1908
1890
1,000
1,219,000
6 g. J. & J.
do
do
Jan. 1 , i9io
1891
1,000
953,000
6 g. J. & J.
do
do
Jan. 1, i 9 ii
1,000
1893
850,000
5 g. A. & O. New York and Denver. Oct. 1, 1933
2,000,000
1893
1,000
2,000,000
F. & A.
See text.
Feb. Ï/Ï9 1 8
1894
i g(?)
1904
1,000
1881
3,118,000
A. & O.
7
See text.
Oct. 1 , 1911
....
100
9,000,000 See text. Q.-M .
Sept. 12,1894
100 35,000,000 See text. Q.—J.
Peoria, IU.
See text.
1893
1,000 See text.
6 g. semi-an
1903-1913
100
3,000,000 See text. Q .-J .
Brooklyn.
Oct. 15, 1894
1890
1,000
500.000
do
5 g. A. & O.
Oct. 1, 1940
....
100
7,938,000 See text. Q.—F. N.Y., Of. Pearl cor. Elm. Nov. 1, 1894
1,000
1890
4,312,000
5 g. M. & S. N. Y.,Guar. & Indem.Co. Mch. 1, 1910
100
4,000,000 See text. Q .-J . N. Y., Office, 340 3d Âv. Oct. 15, 1894
1,000
F. & A. N. Y., Central T rust Co. Aug. 1, 1899
1,000,000
6
1892
1,000
2,000,000
5 g. M. & S. N. Y., Central T rust Co. Mch. 1, 1932
....
100
4,800,000 4 per an. Q .-F . Co.’s Of., Lowell, Mass. Aug. 20,1894
1,000
1893
300,000
6 g. J. & J. Bost. SafeDep. &Tr. Co. Jan. 1, 1903
1893 500,etc
500,000
6
A. & O. Boston, Old olonv Tr.
1909
1,000
1891
1,000,000
4*gg. J. & J. N. Y. Central Trust Co. Jan. 1 , 1941
100 30,460,000 See text. Q.—F. Cos.Of.,N. Y. & Boston.
See text.
100
....
4,252,000 7 p er an. J. & J.
See text.
July 1, 1893

Denver City Water.—p . Ja n ., ’93, and Y. 57, p. 105; V. 58. p. 636
Su
Denver Consolidated Gas Co.—
Organized Nov. 16,1891, to take
over the old gas company in Denver, Col. Capital stock, $1,500,000.
Mortgage covers aU the corporate property, which includes valuable real
estate in Denver. The bonds are subject to redemption a t 105 and
interest in case of any sale of property under the mortgage. In 1893
gold debenture 6s for $115,000 were issued, payable AprU 1,1899, but
redeemable a t pa r after April 1,1895. In terest A. and O. a t Maitland,
Phelps & Co., New York. Dividends from April, 1892, to July, 1893,
inclusive, 4 p. o. per an , quarterly; in Nov., 1 p. c.: in 1894. Feb., 1 per
cent; none since. Gross earnings in year 1893, $311,570; net, $173,315;
taxes, $6.838; interest, etc., $103,161; balance, surplus, $63,316.
In 1892 gross, $378,685; net, $197,211. J. B. Grant, Denver. Pres.
Denver Consolidated Tramway.—
C onsolidation in 1893 of
D enver Tramway and M etropolitan St. RR. Co. Owns 18 miles of cable
road and 35 miles of electric railw ay in the city of Denver, Col.
Capital stock, $3,000,000; par, $100; dividend of 1 p. c. was paid in
Ja n ., 1894. The consolidated mortgage of 1893 is for $4,000,000, of
which $2,670,000 reserved to retire prior liens (see table), and $800,
000 were to fund floating debt and balance for improvement. Full
abstract of the consol, m ortgage of 1890 was in V. 52, p. 354. *From
Ja n u a ry 1 to March 31, 1894 (3 months), gross, $162,107, against
$223,5 i 8 in 1893; net, $57,000, against $54,966. surplus over charges,
$3,915, against $14,044 in 1893. For year 1893 gross earnings of both
companies were $861,509; net, $273,240: otner income, $8,805;
interest on bonds, $158,905; balance, surplus, $123,140. Office,
Denver, Col. (V. 55, p. 1036.)
Detroit Gas.—
Organized in November, 1892, to control all the gas
properties in D etroit, Mich. See application to N. Y. Stock Exchange
in V. 56, p. 672. Stock, $4,000,000; par, $50. $500,000 of the $4,500,000 consol. 1st mort. bonds are retained in the trustee’s hands; only
$4,000,000 of bonds issued on present property. Three ooupons. Aug.,
1894, to Feb., 1896,incl., funded into 10-year 5p.c. bonds. (V. 57, p. 808.)
Detroit Mackinac Marquette Land Grant Bonds.—
&
Owns
about 1,300,000 acres of land in Northern Michigan, along the Une of
the D etroit Mackinac & M arquette RR. Lands are free from taxation
14U 1898. Of the total issue of $4,560,000 bonds, $1,442,000 had been
purchased and canceled prior to Jan. 1,1894, a t prices ranging from
29 to 39 ^ p e rce n t. In October, 1892,2 per cent interest was p a id ;
in 1893, 2 per cent; in 1894, April, 1 per cent a t Central Trust Co., N. Y.
Y. 55, p. 589. Jam es McMUlan, Detroit, President.
Detroit Union RR. Depot.— S upplem ent , Jan u a ry , 1893See
Diamond Match«—
Organization , etc .—Organized in 1889
under laws of IUinois. Owns factories a t Boston, Mass., Akron, O.,
St. Louis, Mo., Detroit, Mich., etc., nine places in a ll; also store prop­
erties a t Baltimore and Philadelphia, and saw,mills a t Ontonagon,
Mich,, w ith extensive pine stum p age tributary thereto.
Stock .—Increase from $7,500,000 to $9,000,000 was m ade in March,
1893, to pay for new plant, etc.
D ividends .—In 1893,10 p. c.; in 1894, March, 2*$ p. c.; June, 21 p. c;
a
Sept., 2 ^ p. c.
a n n u al R eport .—Fiscal year ends Dec. 31. Report for 1893 in V.
58, p. 389, showed n et earnings, $1,359,577, agst. $1,050,979 in 1892.
The balance sheet of Deo. 31,1893, was in July, 1894, S upplement .
D irectors .—O. C. Barber (President), J. Hopkins, W. H. Moore, G.
T Smith, J. K. Robinson (Treasurer). Main office, Chicago. New York
.
office, 88 Hudson Street. (V. 56, p. 2 4 5 ,4 0 3 ; V. 58, p. 389.)
Distilling & Cattle Feeding.— company, incorporated un­
This
der the laws of Illinois, held Mar. 31,1893, distiHenes as fOHows: In
Illinois, 31 (of these 8 in Chicago and 14 in Peoria); Ohio, 16 (of these
8 in Cincinnati); Indiana, 11; Missouri, 8; Wisconsin, 2; Minnesota, 1;
Kentucky, 7; Nebraska, 3 ; Iowa, 1; New York, 2; California, 2 ; total
distilleries, A pril 1,1893, 84. Also one alchohol works in IHinois and
3 in Iowa. Stock Hsted on N. Y. Stock Exchange in September, 1890.
D ividends .—In 1890 paid 3 per cent; in 1891, 5 p. c.; in 1892, 3 ^
p. c.; in 1893, January, 1*2 per cent; none since.
General F inances .—April 1,1894, HabHities w e re : Rebates due the
trade, $1,860,525; balance due on the four distiHertes last purchased,
$127,000; biHs payable, $300,000; accrued interest, $20,000; ground
ren t, $35,000; total, $2,007,525. In May, 1893, $8,000,000 o f 6 per
cent bonds were authorized for funding floating debt and to enable
company to do ite own distributing business. Mortgage trustee is the
^Central T rust Co. of N. Y.
In 1898-94 $1,000,000 of bonds were sold and $2,500,000 placed
w ith trustee to secure outstanding rebates.
I n September, 1894, M artin R. Cook, 144 FrankUn St., N. Y., Henry
E. G. Luyties, 204 William 8t., N. Y., and S. M. Rice, 56 New St., N. Y.,
were appointed a committee to protect th e interests of holders of
rebate vouchers. V. 59, p. 472.
A nnual R eport .—Fiscal year ends March 31. R eport for 1893-94
In V. 58, p. 715, shows as follow s:
Year ending March 31—
1892.
1893.
1894.
E arnings from b u sin e ss.............. $2,466,086 $2,281,375
$980,186
Contracts, ren ts and in te rest.......
193,660
151,313
106,716
Total earnings..................... . $2,659,746
Expenses paid............:..............
442,306
In te re st on bonds..........................
1,890,698
Dividends paid............... ..........

$2,432,688 $1,086,902
392,159
329.958
............
30,000
875,000

Balance, s u rp lu s ........... .
$326,743
Cash and cash assets AprU 1 ...................... ..
lia b ilitie s—rebates, bills payable, etc.«,",....

$1,165,529
3,188,809
3,068*287




$726,944
3,272,339
2,007,525

Sales of the company’s product, during last four fiscal years, were:
Sales for fiscal year.
GaUons,
Sales for fiscal year.
Gallons
188990.................. 40,832,220 189192..................45,661,717
189091...
44,738,171 1892-93................
45,087,634
D irectors and Officers .—Directors are, for one year, P. J. Hennessy
Nelson Morris; two years, William N Hobart, Lewis H. Greene, John e ’
Beggs; three years, Joseph B. Greenhut, J. W alter Freiberg. President
J. B. Greenhut; Treasurer, Wm. N. H o b a rt; Secretary, P. J. Hennessv’
Office, Peoria, 111. (V. 55. p. 856, 1035; V. 56, p. 205, 463, 621. 834
886, 923, 973, 1014; V. 57, p. 144; V. 58, p. 682, 7 1 5 ; Y. 59, p. 472.)
E a s t^ B iv e r G a s .—See New York & E ast R iver Gas.
Edison Electric Illuminating of Brooklyn.—
Stock and
bonds listed on N. Y. Exchange in September, 1892. see adv. Chron­
icle of March 12,1892. S tock increased from $1,500,000 to $2,500 000 in March, 1893, and to $3,000,000 in April, 1894, to extend the
system, $125,000 new stock to be held in the treasury for future
needs. V. 58, p. 682. D ividevds —From June. 1891, to Nov., 1892. 4
per cent per an n u m ; in 1893,5 per ce n t; in 1894, Jan ., 1*4 p. c.; April
lL jp . «.; July, H a p . c.; O c t ./ l^ p. c. Mortgage —
Trustee Franklin
T rust Co.
E arnings —8 m o n th s,) 1894, gross, $243,370; net, $100,605.
Jan. 1 to Aug. 31, ) 1893, gross, $189,559; net, $76,301.
For year ending Dec. 31,1893, gross, $347,919, ag inst $250,681 in
1892; net, $169,069, against $110,397 in 1892. Office —Brooklyn.
—(V. 55, p. 551; V. 56, p. 625; V. 57, p. 179; V. 58, p. 682, 816.
Edison Electric Illuminating Co. of New York.—
Operates
unoer the Edison patents in N. Y. City. On Dec. 31,1893. its incan­
descent lam ps num bered 192,691, against 142,492 in 1892, and 94,485
in 1891; its arc lam ps 2,?>38 against 1,637 in 1892; its motors, horse
power, 5,529, against 3,807 in 1892.
Stock.—laorease to $10,000,000 was voted in March, 1893, and in
June, 1893, $750,000 of this was sold and $688,000 was issued in
exchange for bonds. (V. 56, p. 463,538.) Listed in N. Y. in May, 1889.
D ividends .—From 1885 to 1891, both inclusive, 4 per cent per annum;
in 1892, 5 per cent; 1893, February, lA* per cent; in May increased to
I 3 per cent quarterly; in August paid IL j per cent; Nov., H 2 p. c.; in
«
1894, Feb., l 1 per cent; May, l ^ per cent; Aug., 1*2 p. c . ; Nov., 1^
^
p. o .; in 1887 an extra dividend of 7 p. c. and in 1891 of 5 p. c. paid in
scrip.
B onds .—Mortgage trustee is the Central T rust Company. See terms
of convertibility in S upplement for January, 1894. The issue of
$1,750,000 additional bonds was authorized in November, 1893.
G eneral F inances .—On January 1, 1894. there were about $400,000 liabilities in connection with the purchase in 1892 of largi in­
terests in the Harlem and M anhattan electric companies. About
$600,000 M anhattan bonds are held for improvements to be made to
th a t plant when deemed advisable.
E arnings .—8 m onths,) 1894, gross, $866,359; net, $454,358.
Jan. 1 to Aug. 31, j 1893, gross, $765,289; net, $340,675.
A nnual R eport .—Year ends Deo. 31. For 1893 fuU statem ent was
in V. 58, p. 126. showing gross earnings $1,193,339; other income,
$52,186: n et appUcable to interest ana dividends $605,642, against
$475,138 in 1892. Spencer Trask, Pres. General Office, Pearl St.,
cor. Elm St.—(V. 55, p. 256, 639, 723; V. 56, p. 125,165,463.538,668,
700, 886; V. 57, p. 22,179, 763, 893,1039; V. 58, p. 12 6 , 556, 636.)
Edison General Electric.— the General E lectric Co.
See
Equitable Gas Light.— S upplement of Jan., 1893. V. 56, p.
See
887. Dividends form erly 8 per cent yearly w e re : In 1893, April, 3
p. c.; July, 3 p. c.; Oct., 3 p. c.; in 1894, Jan., 3 p. c.; AprU, 3 p. o.; July,
3 p. c.; Oct., 3 p. c.
Erie Telegraph & Telephone Co.—
Organization —Owns 65 per
cent of the Cleveland Telephone Co.. 70 per cent of the Northwestern
Telephone Exchange Co., and 70 per cent of the Southwestern Tele
graph & Telephone Co., operating in the States of Ohio, Minnesota,
North and South Dakota, Texas and Arkansas, under Ucenses from
Am. Bell Telephone Co. On June 30, 1894, these had 15,508 sub­
scribers. Loans and bills payable Apr. 1,1894, $140,000. In Dec., 1893,
the company authorized $1,000,000 6p. c 15-year gold coU tru st bonds
for extending its Unes, erecting buildings, etc. For the extension of
their long distance metallic circuit $400,000 has been appropriated.
D ividends since 1887—In 1888, 4 ; 1889, 3 ^ ; 1890, 4; in 1891,4;
in 1892,4 ; in 1893, 4 ; in 1894, Feb., 1 ; May, 1 p. c.; Aug., 1 p. c.
E arnings .—From April 1 to June 30 (3 mos.), 1894, E rie’s proportion
of dividends, $59,487; bal. surplus over expenses and Aug. ’94 div.,
$23,311. For year ending Mar. 31,1894, companies controUeo had gross
income, $1,009,733 (agst. $941,813 in 1892-93); surplus over dividends,
$37,022. For the same period E. T. & T. Co. proportion of dividends,
$235,270; dividends paid by E rie (4 per cent) $192.000; surplus, $43,270; expense account, $24,136; n et surplus, $19,134, against $25,994
in 1892-93. Office, LoweU, Mass.
Fort Street Union Depot (Detroit.) See S upplement of
—
March, 1894.
General Electric Company.—
Organization , E tc .—Organized
under the laws of New York, April 15, 1892, and acquired practicaUy
all of the capital stocks of Edison Electric Light, Edison General
Electric, Thomson-Houston Electric and Thomson-Houston Interna­
tional E lectric companies. I t thus owns the Edison and other patents
for electric lighting in the United States and m any foreign countries,
and grants exclusive franchises for specified territories to local com­
panies whose apparatus it suppUes. It also m anufactures outfits for
electric railw ays and aU kinds of electrical suppUes.

S
eptem
ber 1894.]
,

RAILROAD

STOCKS AND

BONDS.

143

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Prinoi
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
ue.
D ate Size, or
Amount R ate Per When Where Payable, and by pal,When D
SlocJes—L ast
P a r Outstanding
sw^éxDlanation of column headings, &c., see notes on of
Dividend.
Whom.
Cent. Payable
Bonds Value.
*u
y
first page of tables.
Electric—(Oon.)—Debentures, gold, convertible....c
T H El. col. tr., g., red. a t 105 i n '99............................... o
(hrard Point Storage—1st M., gu. p. &i. Pa. RR-- - -......... r
ffenderson Bridge Go—1st M., gold, draw n a t 105........ o*
nerrina-Hall-Marvin—Common stock.................................
Preferred stock 8 per cent cum ulative..............................
Illinois Steel—Stock, $50,000,000 authorized.. . . . . . . . . . . - debentures, subj’t to call a t 105, convertible m to st’k.c*
Non-convertible debentures for $7,000,000, A & B — c
Mortgage on r a ilro a d ro llin g s to c k ...1................................
,

won Steamboat Company—Stock..........\....................-.........
1st mortgage for $500,000..................................................
Keokuk & Hamilton Bridge Co—1st mortgage................c
Laclede 6as L ig h t- Stock ($2,500,000 is pref.5 p.c.cum.)..o
Consol, iro n Mines—1st M., $10,6o6,6bo, g.c*
Leavenworth Terminal By. Bridge—1st M., gold.......
Lehigh Coal < N avigation-Stock.
6
...................
IsfM., canal, 6,030 acres coaland76m . L. & S. R R ...... r
lstm o rt., Leb. &Sus. RR.Mauch Chunk to E asto n .......r
2d M. Can. Coal & RR. and 1st M. Nant. RR., gold........ c*
Cons. 3d M. Canal, Coal & 122 m. RR.; 2d M. 26 m. R R .r
General m ortgage for $15,000,000, gold.. . . . -------- - -r
Delaware Div. Canal 1st M., see text, (ext’d in 1878)... o
LeUah& WilkesVre Coal—Leh.Coal&Nav.M.,g., assumed.
1st gen. m ort. sterling loan, sink, fund, draw n a t 100..C
Consolidated mortgage (see t e x t ) ..................— .... - ■

1892 $1,000 $10,000,000
500,000
1,000
1889
2,394,000
1,000
1890
1,749.000
1,000
1881
1,500,000
100
1,800,000
100
100 18,650,635
6,200,000
1,000
1890
1893 50Ó &c. 7,000,000
1,900,000
1894
2,'000j000
100
443,000
500
1881
1,000,000
1,000
1869
100 10,000,000
1889 100 &o. 10 .000,000
1,500,000
1,000
1893
600,000
1,000
1893
50 14,366,650
5,000,000
1864 Various
2,000,000
1867 Various
1867 500 &c. 1,842,500
2,466,000
1,000
1871
3,686,000
1,000
1884
494,000
1,000
1858
500,000
500&C.
1867
837,000
£200
1874
11,500,000
1,000
1875

5 g. J. & D. N.Y.Gu.&Ind.Co.& Bos.
5 g- J. & J. N.Y., Holland T rust Co.
3L>, A. &.O. Phila., 233 So. 4th St.
6 g. M. & "S. N. Y., 120 Broadway.
See text. Ann.
N. Y., by check.
8 per an. Q.-M .
do
do
N. Y. .MetropolitanTr. Co
See text.
5
J. & J. N. Y., Cuyler, M. & Co.
do
do
A. & 0.
5
6
N. Y., Pier 1, North Riv.
See text.
6
J. & J. N. Y., F irst Nat. Bank.
A. & O.
See text.
8
See text. See te x t N. Y.,H.B.Hollins; St.L.
do
do
Q.—F.
5 g.
6 g. M. & S. N.Y.,Farmers’ L.&T.Co.
5 g. J. & J. N. Y., Central T rust Co.
See text. M. & N. Philadelphia, Office.
do
do
4ig
Q .-J .
do
do
6
Q .-F .
do
do
6 g. J. & D.
do
do
J. & D.
7
do
do
41
ag. Q .-F .
J. & J. Phila., 226 So. Third St.
6
J. & D. Phila., L.Coal & N av. Co.
6 g.
M. & N. New York and London.
6
Q .-M . New York and London.
7

Ju n e 1, 1922
Ju ly 1, 1919
Apr. 1, 1940
Sept. 1, 1931
J u n e 10,1893
See text.
Apr. 1, 1893
Ja n . 1, 1910
Apr. 1, 1913
Oct., 1892
Ju ly 1, 1901
Apr. 1, 1899
Ju n e 15,1894
May 1, 1919
Sept. 1, 1903
Jan. 1, 1923
May 25,1894
Ju ly 1, 1914
Feb. 1, 1897
Dec. 15,1897
June 1, 1911
May 1, 1924
Ju ly 1, 1898
Dec. 15, 1897
May 1, 1899
Ju n e 1, 1900

Keokuk & Hamilton Bridge Co.—
Owns bridge across Mis­
The total num ber of central station lighting companies usm g its ap­
paratus on Jan u a ry 31, 1894, was 1,479, supplying about 6,000 cus­ sissippi River a t Keokuk, la., for railroads and foot passengers. The
railroad portion of the property was originally leased to four com­
tomers w ith 2,738,846 incandescent and about 129,289 arc lamps.
The electric railw ays equipped by it in Jan., 1894, were 541, against panies, but only two companies now use it, these being the Toledo
435 in 1893 and 214 in 1892. As to adverse decision in Sept., '94, m Peoria & W estern and the Wabash. Im portant suits are pending against
the other lessee companies. Stock, $1,000,000; par, $100. Coupons
“feeder and m ain ” p a te n t case see V. 59, p. 472.
are in default, but m ortgage has never been foreclosed, and p a rt of
Capital Stock .—The to tal authorized capital stock is $50,000,000, overdue interest is paid as earnings permit. Theodore Gilman, Treas­
of which $10,000,000 m ay be pref. 7 per cent cumulative, w ithout urer, 62 Cedar Street, New York.
preference as to principal, b u t w ith same voting power as common,
gee preferred certificate in editorial of May, 1893, Su ppl e m fn t
Laclede Gas Light.—
Organ iza tio n .—Incorporated in 1857, and
Div id en d s .—The General E lectric on common stock paid in Aug., 1892. in 1889 secured control of all the other gas companies in St. Louis.
Stock.—Preferred is 5 per cent cum ulative, and in March, 1894, there
2p. c.; Nov., 2 ; in 1893, Feb., 2; May, 2 ; Aug., 2 p. c.; none since,
January, 1894, dividend on preferred w as not paid. See V. 57, p. 979 was 1114 per cent of accumulated dividends unpaid.
Bonds.—The debentures are all convertible into stock a t the ra te
D ividends on P re fe r re d .—In 1 8 92,5 p. c.; in 1893, March, l i t p. 0.;
of $100 in stock for $120 in bonds. (See term s in S u ppl e m e n t of J u n e ,l i t p . c. Dec. 1 5 , 1893, 2*2 p .c . Div. changed to semi-annual.
March, 1893, on page 3; also V. 55, p. 146.) As to the Thomson- In 1894, June, 21 per cent.
a
Housten collateral tru st bonds, see Su ppl e m e n t for January, 1893.
B onds .—Central T rust Co. is trustee under the mortgage. See ap­
General F inances .—In August, 1893, because of financial pressure, plication to Stock Exchange in V. 49, p. 657. There are $125,000 Carabout $12,000,000 of miscellaneous securities were turned over to the ondelet Gas 1st mortgage 6s.
i Street Ry. and Illum inating Properties,” organized to receive them,
E arnings
for $4,050,000 in cash. The policy followed by the Edison and Thom- $460,624 in .—Jan. 1 to Aug. 31,1894 (8 months), n et $471,381, against
1893.
son-Houston companies, of accepting securities of local compames in
A nnual R e p o r t .—Statem ent for 1893 showed n et earnings from gas
payment for sales, has been discontinued, and sales are now made only
$699,761; net from Carondelet, etc., $63,024; total, $762,785, against
on a cash basis, or short credits to desirable customers.
$698,090 in 1892 and $582,460 in 1891. In 1892 the sales of gas were
Annual R e p o r t .—Fiscal year ends Ja n u a ry 31. Annual meeting 929,611,400 cubic feet, against 851,110,200 in 1891 and 726,576,200
will hereafter be held the second Tuesday in May. Report for 1893-94 in 1890. New York office, 40 Wall St.—(Y. 52, p. 718, 899, 939; V. 56,
was given in full in Y. 58, p. 600. No detailed statem ent of operations
is furnished, b u t the report shows th a t $14,587,466 was chargfd to 126; V. 57, p. 144, 422; V. 58, p. 178.)
“ profit and lo ss” for decrease in value of securities, plants, patents,
Lake Superior Consolidated Iron Mines.—
Incorporated in
1893, and owns or controls nearly all the im portant properties on th e
etc., leaving a debit to account of profit and loss of $12,454,967.
Directors for the year 1893-94: H. McK. Twombly, Oliver Ames, 2d; Missabe Range, Minnesota, including the M ountain Iron Co., Missabe
C. H. Coster, C. A. Coffin, T. Jefferson Coolidge, Jr., T. A. Edison, Mt. Iron, Lone Jack, N. Y. & Missabe Iron, etc., and the D uluth Mis­
F. S. Hastings, H. L. Higginson, Eugene Griffin, D. O. Mills, J. Pierpont sabe & No. Ry., which see.
Sto c k .—A uth., $30,000,000. Issued (Jan., 1894), about $25,000,000.
Morgan, Robert T reat Paine, 2d; Gordon Abbott. President, C. A.
Coffin; Treasurer, B. F. Peach, Jr., Boston; Secretary, M. F. Westover;
B onds .—F irst mortgage (Farm ers’ L. & T. Co., trustee) for $10,000,office, Schenectady, N. Y.—(V. 56, p. 621, 6 2 5 , 668, 792, 886 ; V. 57, 0 0 0 provides fo r a sinking fund. “ Unless previously converted into
p. 22,144, 217, 298, 422, 722, 893, 979, 1039, 1122; V. 58, p. 42, 178, stock,” bonds can be drawn a t 105 after Sept. 1,1896.
305, 594, 6 0 0 , 636, 866, 902; V. 59, p. 472.)
D ir e c t o r s ,—George D. Rogers, Fred. T. Gates, D. B. Searle, E dw ard
Gold & stock Telegraph Co.—W este r n U n io n T e l e g r a p h S. Cary, George Elwood Murray, Lewis J. M erritt and Charles E.
See
Scheide. Pres., Fred. T. G ates; Secretary and Treas., Chas. E. Scheide.
Henderson Bridge Co.— bridge across Ohio River a t H en­
Owns
derson, Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), of
Leavenworth Terminal Hallway& Bridge.—
Owns high­
which the Louisville & Nashville Co. holds $501,000; th e Bridge Co., way and railroad bridge (opened Jan. 1,1894), 1,110 feet long, over
is guaranteed gross receipts of $200,000 per year by the several roads Missouri River, a t Leavenw orth, Kan., and valuable term inal property
using it and dividends of 2*3 p. c. are paid each F. & A. $220,000 in th a t city. Chicago B. & Q. and Chicago R. I. & P. use the bridge a t
bonds retired were in sinking fund in January, 1894. (V. 57, p. 375; an annual ren tal of $18,000 each, under a 30-year contract from 1894.
V. 59, p. 290.)
Lehigh Coal &Navigation.— canal from Coalport to E as­
O wns
Herring-Hall-Marvln Company.—
Organization , P r o p e r t y , ton, Penn., 48 miles, and leases Delaware Division Canal, 60 miles.
etc.—Organized in 1892, to m anufacture fire and burglar-proof safes Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union
and vaults. See advertisem ent in Ch r o n ic l e of May 14,1892.
Junction, Pa., 105 miles, w ith branches, 56 miles, and leases for 999
Stock .—Preferred has preference to assets as well as income. Com­ years Nesquehoning Valley Railroad, 17 miles; Trescow Railroad, 7
mon is “ entitled to the surplus earnings, when declared in dividends, miles; other lines, 17 m ile s; total, 202 miles, of which 115 miles double
after the paym ent of 8 per cent on the preferred.” No bond or m ort­ tra c k s ; but all these roads are leased for 999 years from 1871 to Central
of New Jersey RR., ren tal being 33Lj p er centof gross earnings, w ith a
gage can be created w ithout consent of 90 per cent of preferred.
Dividends on common: In 1893, June, 4 per cent. Dividend on pre­ minimum rental of $1,414,400; Delaware Div. Canal leased for 99 years
from 1866 a t interest on the bonds and 4 p. c. on stock, paid as rental.
ferred due in June, 1894, w as not paid.
B onds .—In addition to the company’s bonds in the table are the fol­
Annual R e p o r t .—R eport for 1892-93, w ith balance sheet of May 15,
lowing assumed by other companies: By Cent. RR. of New Jersey,
1893, was in Y. 57, p. 21.
$2,310,000 of the gold loan due 1897; by Lehigh & W ilkesbarre Coal
Directors .—Edw ard C. Hall, President; Jo h n Farrel, Willis B. Mar­
vin, Frank O. H erring, W right D. Pownall, Richard T. Pullen, William Co., $500,000 of the gold loan due 1897. The general mort. of 1884 (trus­
H. Hall, Richard Dymond, Jos. Rawson, Jr., and W. S. Rowe, Cincinnati; tee, Fidelity Insurance Company of Phila.) covers, subj. to prior bonds,
J. H. Davis. Transfer office, Connor & Co., 71 Broadway. (V .57,p.21.) 7,460 acres coal land, 48 miles canal and 161 miles railroad. estim ated
in 1884 as together w orth $25,278,000; bonds are reserved to retire all
Illinois Steel.—Organization —Formed May 1, 1889, by consol­ prior issues not assumed by other companies. Securities owned by com­
idation of the Joliet Steel, Union Steel and North Chicago Rolling Mill. pany are p u t in balance sheet Jan. 1,1894, as equal to $3,973,194.
Bills payable, $250,000; Central of N. J . loan account, $72,150; ground
See statem ent to Stock Exchange in March, 1894, V. 58, p. 514.
Se c u r ities .—As to term s of convertible bonds of 1890, see Su p p l e ­ rents, mortgages, etc., $360,111.
D iv id e n d s since 1886—In 1887, 4 ; in 1888, 4 ^ ; in 1 889,5; in
ment of March, 1893, on page 3. In 1893 $6,743,000 non-convertible
debentures were issued fo r new mills, etc., and while any of these 1890,5; in 1891,5; in 1892,5*a; in 1893,6 p. e.; in 1894, May, 2 ^ p. c.
“ bonds rem ain unpaid, no m ortgage shall hereafter be placed upon
A nnual R e p o r t .—Report for 1893 was in Ch r o n ic l e , V. 58, p. 344.
any of the property of this company.”
In 1893 produced 1,445,341 tons coal, against 1,293,662 in 1892.
In 1894 a m ortgage for $1,900,000 was issued on the rolling stock of
Year ending Dee. 31.
1891.
1892.
1893.
the company.
From railroads and Nesque. Tunnel. $1,835,754 $1,745,474 $1,814,887
D iv id e n d s .—For 1889, 4 per c e n t; for 1890, 3 p. c. in cash,5 in stock Canals.....................................................
38,161
31,344
16,987
for 1891 none; in 1893, March, $13’51 in scrip, and in April 5 p.c. in cash. Net profit on Lehigh Coal....................
158,837 343,077
489,847
Annual R e p o r t .—Annual report for 1893 showed net income, $1,- Royalty on coal mined, &c..................
96,808
104,817
79,946
214,695 (including $269,187 income from securities owned), against
Total receipts................................. $2,129,560 $2,224,711 $2,401,667
$2,019,268 from operations of year 1892; interest on bonds, etc., $633,128. Total deficit Dec. 31, 1893, after charging off $1,467,372 for Interest, rentals, taxes, &c................ $1,147,223 $1,230,067 $1,230,631 ^
96,790
99,857
108,450
depreciation in value of m aterial and improvements was $349,472, agst. Less siuk. fd. of 10 p.c. p. ton on coal.
100,680
50,058
110,268
surplus Dec. 31,1892, of $536,331. In 1893 company received 1,283,- Less deprec’n on coalimprov’m’ts,&c.
428 tons of raw m aterial, against 3,604,964 tons in 1892, and shipped
422,784 tons of finished product, against 784,733 in 1892. Average Surplus for year.................................... $784,867. $844,729 $952,318
Dividends............................................... (5)715,150(5^)789065 (6)860,799
number of men employed per day, 4,264, against 8,208 in 1892.
Office, Chicago. (V. 56, p. 2 8 7 ,4 0 2 , 419; V. 58, p. 476,512,514,636.) —(54, p. 3 6 4 , 3 3 0 ; V. 56, p. 3 3 0 , 700; V. 58, p. 3 4 4 .)
International Ocean Telegraph..— W e s te r n U n io n T e l .
See
Lehigh & Wilkesbarre Coal,—
Controlled by Central RR. of New
Interior Conduit.— Supplem ent of January, 1893. On June Jersey and owns 21,000 acres of anthracite coal lands and holds 3,000,
See
additional acres under lease. I t operates thirteen collieries and leases
29,1894, a scrip dividend of 5 per cent was declared.
about 4,000 acres of its coal lands to various individuals, who operate
Jarvls-Conklin mortgage Co.— V. 58, p. 512,1109; V. 59, collieries thereon. S tock .—$10,000,000, of which $9,212,500 outr
See
standing, $6,600,000 of this being owned by Central RR. of N. J.
p 116,334.




144

JLNTESTOKS’ SUPPLEMENT.

[Vol. XIX.

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables

MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Bonds—Princi--------- — ---------------------------------------------------------------- D ate Size, or
Am ount
pal’When Due.
For explanation of column headings,&e., see notes on! of
Far
When
Outstanding R ate Per Payable Where Payable, and bv «Stoc& Last
s—
first page of tables.
Bonds Value.
Cent.
Whom.
Dividend.
Leh. < Wilk. Coal—(Con.)—5s of 1912, cum. s. f. (not dr.)c 1888 $1,000
6
Income “ B ” bonds,not cumulative, held by Cent. N.J..I .......................
Long Island Traction—Spools................................................... I . . .. I
100
_ 1894 I ........
Collateral tru st notes, gold, redeemable in one y ear_
Louisville Bridge Co.—Stock........................................ ..........I ___ |
100
Low. <■
£ Jeffer. Br. Co.—1st M.,$5,000,000 end.C.C.C.&St.L. j 1893
Louisville By. Co.—Stock ($2,000,000 is pref. 5 p. c. cum.)
100
Bonds of old co’s (of which $1,000,000 payable in gold) ’64-88 50 &c.
Louisville By. consol, m., $6,000.000, g., listed in N.Y.c* 1890
1,000
Madison Square Garden—1st m ortgage, gold................. e* 1889
1,000
2d mortgage, gold.................................................................. 1891
500
Man. Beach Hotel < L a n d —Gen. M. for $1,500,000 gold.o* 1890 500 &c,
6
M aryland Coal—Stock.......................................................... .
100
1,000
1st M., drawn a t 100 (s. f. has retired $173,000)........ c*
MaxwellLd. Or.—P r’rlienM .g.,red. a t 100 (or 110 a tm a tjo 1888
500
Metropolitan Street Railway—Stock, $13,500,000.............. 1893
1st mortgage, see te x t..................................................;----- 1894
MetropolitanTel.<£Teleg. Co.—1 stM.,gold, s.f. (notdr’n),c&r 1888
1,000
Metropolitan Traction—Stock, $30,000,000 authorized...
100
Mexican Telegraph—Stock........................................................
100
Michigan < Peninsular Car—Common stock $3,000,000.
&
100
Preferred as to assets and dividends (8 p. c. gold, cum.)
100
1st mortgage, gold.......................... ................................. c* 1892
1,000
Minnesota Iron Co.—Stock .....................................................
100
National Lead Co.—Stock, common, $15,000,000 auth’d,.
100
Preferred stock (7 per cent, cum.) $15,000,000 a u th _
_
100
D ebentures..... .......................................................................
B onds, E tc.—Of the consolidated mortgage seven per cent bonds only
$54,000 are guaranteed by the Central BR. of N. J., the holders of the
other bonds having freed th a t company from liability therefor, on con­
dition th a t it shall not collect interest on the $6,116,000 consols which
it holds prior to their m aturity unless such interest is earned, this
agreem ent being stam ped on the bonds. The authorized issue of con­
sols is $15,000,000, b u t those unissued are in reality unavailable, since
by the term s of the agreement ju st mentioned they would not if issued
be entitled to stand ahead of the consols owned by the C entral of N. J.
A sinking fund for bonds due igi 2 is provided from sales of surface
lands and from 10 cents for each ton of coal mined on property in ­
cluded in the first lien ; no drawings. Real estate mortgage 6s,
$137,313.
G e n e r a l F ina n c es .—The Central of N. J. Jan . 1, 1894, owned
$2,353,000 of th e incomes and $4,188,192 consol, m ort. coupons
p a st due. Bills payable outstanding were $2,954,491; bills and ac­
counts receivable $1,382,340. Lehigh Coal & Nav. bonds for $600,500
due Sept. 1,1894, w ere paid a t m aturity.
Annual R epo r t for 1893 (V. 58, p. 430) showed to tal receipts of
$11,088,212, [against $6,506,821 in 1892]; net over operating expenses
and taxes, $1,435,630, (against $1,271,495); interest and sinking fund
charges, $986,602; balance, surplus, $449,029, against $298,783 in
1892, from which paid 7 per cent on consols owned by Central of N. J.
—(V. 54, p. 4 0 5 , 683; V. 56, p, 42, 792, 886 ; V. 58, p. 430.)
Long Island Traction.—
Formed in Dec., ’92, to lease through the
medium of the Brooklyn Heights RR. [whose stock for $200,000 it owns]
the Brooklyn City RR., w ith lines aggregating 200 single track miles of
m ain line, which are equipped w ith trolley. The lessee guarantees
for 999 years 10 per cent on $12,000,000 Brooklyn City stock and is to
pay all fixed charges, etc. A guarantee fund of $4,000,000 was depos­
ited to secure this rental. The Brooklyn City stockholders were given
th e option of subscribing to $27,000,000 of the Traction Company’s
stock a t 15. See Brooklyn City among street railroads a t back of this
S u ppl em en t and annual report for 1891-92 in V. 55, p. 214 ; also par­
ticulars as to lease in V. 56, p. 42, 288. The guaranty fund was draw n
on for $250,000 in July, 1894.
In Jan u ary , 1894, the Long Island Traction acquired the entire
stock ($2,000,000) of the Brooklyn Queens County & Suburban RR.
(which see), a recent consolidation of Broadway of Brooklyn, Jam aica
& Brooklyn Road Co., and Broadway Ferry & M etropolitan Avenue.
To fund indebtedness incurred for extensions, trolleying, etc.,
$3,000,000 collateral tru s t notes were authorized in September, 1894,
of which $2,500,000 were sold Sept, 21,1894. See V. 59, p. 371, 514.
E arnings (Brooklyn Heights, including Brooklyn City RR.) for year
to June 30,1894, were given in V* 59, p. 423, showing gross, $4,303,117; net, $1,629,725; other inoome, $189,339; interest and rentals,
$1,455,885; taxes, $308,627. Balance, surplus for year, $54,552.
—(V. 56, p. 886; V. 57, p. 105, 216, 853, 978, 1039; V. 58, p. 126,178,
345, 866; V. 59, p. 27, 371, 4 2 3 , 514.)
Louisville BridgeC o .—Owns bridge 5,294 feet long over Ohio
River a t Louisville, Ky., and about 3 miles track additional in Louis­
ville. Used by several railroads (Penna. RR., Louisv. New Albany &
Chic., etc.), under contracts guaranteeing 8 p. c. dividends and opera­
ting expenses. Surplus earnings are paid back to roads using bridge.
Stock is $1,500,000. No bonds.
E arnings .—In year 1893 gross were $452,$42; net, $325,350; sur­
plus over dividends, $205,350. President, C. H. Gibson, Louisville, Ky.
Louisville & Jeffersonville Bridge.—
Incorporated Ju n e 27,
1892, to complete the new bridge a t Louisville. The securities of the
old company have been retired. The Big Four and other roads are said
to have contracted to use the bridge. Bridge nearly constructed was
blown down in fall of 1893. See Y. 57, p. 22. Samuel A. Muller, Pres,
Secretary, Joseph W. Huffaker.
Louisville Bail way Co.—
A
Kentucky company, owning all the
stre et railw ays in the city of Louisville and its suburbs, aggregating 145
miles of track, of which 90 miles operated by electricity, the rem ainder
by mules. The real estate of the company is valued a t $750,000.
D iv id e n d s .—On common, none to March, 1894. On preferred in 1892
5 per cent; in 1893,5 p. c.; in 1894, April, 2*2 per cent. E arnings .—For
year 1893 to tal gross were $1,281,993; net over oper. exp. and taxes,
$512,840; surplus over fixed charges and dividends, $73,437. In 1892
gross, $1,270,827; net, $481,378. J . B. Speed, President.
Manhattan Beach Hotel & Land.— Supplem ’t of Sep.,92
See
’
Maryland Coal Co.—
Controls 6,000 acres of land in Alleghany
and G arrett counties, Md. In 1893 produced 356,819 tons of coal,
against 286,213 in 1892. Surplus earnings in 1893 over interest,
eto., were $94,782, against $96,948 in 1892; dividends (5 per cent)
$94,180. As to old stock and exchange for new preferred see S u p p l e ­
m en t of March, 1894. On new preferred in July, 1893, paid 2*3 p.o.;
in 1894, Jan. 2 ^ p. c.; Ju ly 1 p. c —(Y. 54, p. 3 6 4 ; V. 56, p. 127, 2 4 5 ,
246, 625; V. 58, p. 306.)
Maxwell Land Brant Co.— Supplem ent of May, 1893.
See
Metropolitan St. By. Co.—consolidation in December, 1893,
A
of the Houston West St. & Pavonia Ferry, Broadway Ry. and South
F erry RR companies. In May, 1894, the M etropolitan Cross-Town
Ry. and Lexington Ave. & Pavonia F erry RR. companies were con­
solidated w ith the Metropolitan St. Ry. V. 58, p. 987.
The Met. St Ry. Co. th u s becomes the lessee (through the H. W. S. &
P. F. Co.) of the 6th Ave., 9th Ave. and 23d St., B’way & 7th Ave.
B’way Surface, Belt Line, So, Ferry and 42d St. & Grand St. F erry cos.
Stock .—The stock is all owned by the Metrop. Traction Co. Original­
ly authorised, $8,200,000, b u t increased to $13,500,000 in May, 1894.




$2,872,000
5
2.353.000
30.000.
000
See text.
6 g.
1.500.000
Text.
4*3 g.
1
6 , 0 0 0 , 0 0 0 Pref. 5
1.400.000
6
4.600.000
1.250.000
750.000
i g1.300.000
4 g.
1.876.000 See text.
77,000
7
3.000.
000 6 g.
13.500.000
500.000
1.961.000
5 g30.000.
000 text.
See
2 .000 .
000
10 per an
2 ,000,000 See text.
5.000.
000 text.
See
2.000.
000 5 g16.500.000 See text.
14,905,400 See text.
14.904.000 7 per an.
Nil J u n e ’94
6

M. & N. New York and London. Nov. 1 , 1912
F. & A.

Louisville, Ky.

A. & 0.
Various
J. & J.
M. & N.
M. & N.
M. & N.
J. & J.
M. & N.
J. & J.

Louisviile, Co.’s Office.
N.Y. Cont.Nat.Bk.&Lou
N.Y.,Seligman&Co.&Lo
N. Y., Merc. Trust Co.
Nov.’93 co’p.pd. Feb.’94
N. Y., Corbin Bkg. Co.
New York, 1 B’dwav.
do
do
N.Y.,Lond. & Ams’dam.
New York.

M. & N.
Q .-'J.
Q .-J .
A. & O.
Q.-M .
M. & S.
Q .-J .

N. Y., 18 Cortlandt St.
N. Y., 621 Broadway.
N. Y., Office, 37 WaU St.
N. Y. Guar. &Indem. Co.
do
do
do
do
N. Y., Mills Building.
N, Y., 1 Broadway,
Q .-M .
do
do

New.
Aug. 1, 1897:
Aug., 1894
1943

See text.

var.1894-1909
July 1, 1930
Nov. 1 , 1919
Nov. 1 , 1919

Nov.
July
Nov.
Jan.

1, 1940

11,1894

1, 1896

1 , 1913

May 1, 1918
July 16,1894
Oct. 10,1894
Oct. 1, 1893
See text.
Sept. 1, 1942
See text.
Oct. 1, 1894
Sept. 15,1894
In 30 years.

B onds .—Bonds to the am ount of $9,250,000 are outstanding on the
property of the original companies; see each in back of this Su pple ­
under “N. Y. & Brooklyn Street Railroads.” Bonds can be issued,
to redeem above-mentioned outstanding bonds, of which $500 000 H
W. St. & Pavonia F erry 7s fell due July, 1894. V. 58, p. 987.
Metropolitan Telephone & Telegraph Companv.—
8e«
Su p p l e m e n t of May, 1893.
*
Metropolitan Traction Co.—
O rganized under laws of N. Y to
control horse railroads in N. Y. City. (See V. 55, p. 421) It controls bv
ownership of stock the Broadway & Seventh Avenue, the Broadwav
Surface, the 23d Street, Houston West Street & Pavonia Ferry, the 6th
Avenue, the 9th Avenue, the M etropolitan Crosstown, the Belt Line
and the South Ferry railways, all these ^ ein g leased for convenience in
operation to the Houston West Street & Pavonia Ferry. The 42d
St. & Grand St. F erry is leased to the M etropolitan Cross Town and the
Houston West St. & Pavonia Ferry companies. (See Met. St R’way Co.).
S ecurities .—The funded debts, stocks, etc., of the several com­
panies will be found on a page a t the back of this Supple­
ment
under “ New York ana Brooklyn Street Railroads.”
In January, 1894, the Broadway & Seventh Avenue company sold $7 650,000 of five per cent first consols issued to pay for cable.
D ivid e n ds .—In 1891, 4 p. o.; in 1892, 3 p. c.; in 1893, none; in 1894
Jan., 1^4 p. c ; April, l l i p. c.; July, l ^ p . c. New York office, 621 Broad­
way. (V. 55, p. 167, 297, 421, 723; V. 57, p. 1039; V.58, p. 987.)
Mexican Telegraph.—
Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tampico and Vera Cruz
738 m iles; land line, Vera Cruz to Mexico City, 267 miles. Also direct
cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, dup­
licating the Mex. Tel. and Cen. & So. Am. Co.’s Gulf cable system. Has
exclusive right for 50 years for all foreign telegram s to Mexico,
except telegram s to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Pacific Ocean. Owns
2,125 shares of the Central & So. Am. Telegraph «ki , which see.
D ividends —In 1882 to 1886, inclusive, 8 per cent yearly; from 1887
to Oct., 1894, both inclusive, a t ra te of 10 per cent per annum.
E arnings .—Est. surplus Mar. 31, 1894, $373,246. Gross earnings,
for year 1893, including income from investm ents, $354,481; net,
$258,971; dividends, $191,260; bal., sur., $67,711. In 1892 gross,
$358,000; net, $279,000. J. A. Scrymser, President, 37 Wall St.,N. Y.
Michigan-Peninsular Car Co. O r ganization , E tc . —An
—
Illinois corporation formed in 1892 by consolidation of several Detroit
companies, w ith an aggregate capacity of 100 freight cars a day.
Business established in 1864. Stock and bonds listed in New York in
January, 1893; see application in full in V 56, p. 208.
D ividends .—On common in 1893, 8 p. c. On preferred, from Dec.,.
1892, to Sept., 1893, 2 p. c q uarterly; none since.
N et E arnings .—For year ending Aug. 31, 1893, net earnings were
$866,691; surplus over int., div. on pref. and 8 p. o. on com., $206,691,
—(V. 55, p. 86; V. 56, p. 165, 206; V. 57, p. 638.)
Minnesota Iron Co.—
Owns about 14,270 acres of land and six
iron mines in St. Louis and Lake counties, Minnesota; also $500,000
stock, $400,000 1st mortgage bonds and $3,500,000 6 per cent income
certificates of Duluth & Iron Range RR. Co.—which see. Also in June,.
1893, owned eight large steel steam ers costing over $1,600,000, etc.,
D iv id e n d s .—In 1890,3 per cent; in 1891, 6; in 1892, 6 ; in 1893,
January, l ^ ; April, l 1 p. e.; July, none, because of uncertainty pre­
^
vailing in iron industry. Offices, Mills Building, N. Y., and Chicago.
m ent

M i n n e a p o l i s S t r e e t B a l l w a y . —See T w in Cit y R a pid T ransit .

Nassau ElectricB B . —
This company has obtained the franchises
which were granted to Kings County Electric, Coney Island Fort Hamil­
ton & Brooklyn and Union Street roads. A m ortgage for $6,000,000'
was filed in April, 1894. V. 58, p. 716.
National Cordage.— U nited States Cordage .
See
National Lead Company.— an iza tio n .—Organized under
Org
the law s of New Jersey on Dec. 7,1891, as successor to the National
Lead Trust. I t controls 26 extensive plants in different States for the
m anufacture of white lead and other products. Only $302,000 certifi­
cates of the old tru s t were outstanding December 31,1893.
S ecurities .—The preferred stock is entitled to 7 p. c. per annum cu­
mulative. Seeeditorial of May, 1893, S upplem ent . The debenture bonds
were to be used for working capital in carrying on the various enter­
prises of the Trust, etc., but none had been issued up to Jan. 1,1894.
D iv id e n d s .—The new company has p a id : On preferred in 1892, 7
per cent; in 1893, 7 per cent; in 1894, March, 1% p. c.; June, 1% p. c.
Sept., 13¿ p. c.
On common in 1893, 2 p. c.; in 1894, July, l p . c ; Oct., 1 p. c.
A nnual R e p o r t .—Fiscal year ends Dec. 31. Annual meeting is held
on a Thursday in February. The annual statem ent of the Company
issued in February, 1894, was in V. 58, p. 262, and gave the following
profit and loss account for the year 1893: Net earnings, $1,428,037,
against $1,906,986 in 1892 ; dividends, $1,341,388; balance to credit
of profit and loss, $950,355. The mortgage liability was reduced
from $153,728 in 1893 to $12,000 in June, 1894.
D irectors.—W. P. Thompson, A. T. Goshom, F. W. Rockwell, L. A .Cole, R. R. Colgate, A. P. Thompson, D. B. Shipman, J. A. Stevens,
George O. Carpenter, Jr., E dw ard F. Beale, Jr., John H. McKelvy, J. L.
McBimey and R. P. Rowe. Officers .—W. P. Thompson, President; L..
A. Cole,Vice-President; R. R. Colgate, 2d Vice-President; J.L. McBimey,
T reasurer; Charles Davison, Secretary. N. Y. office, No. 1 Broadway—(V. 55, p. 4 6 2,765,1035; V. 56, p. 42, » 8 7 ; V. 58, p. 26».)

Septem , 1894.]
ber

MISCELLANEOUS

STOCKS

AND

BONDS.

145

Subscribers will confer a great fav o r b y g iv in g im m ed iate notice of a n y error discovered in these Tables.

Bonds—
Brinci
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,When D ue.
Date Size, or
Amount
P a r Outstanding Rate Per When Where Payable, and by Stocks—L ast
of
war explanation of column Leadings, &c., see notes on
Whom.
Dividend.
Cent. Payable
Bonds Value.
Bor
fir8t page of tables.
Aug. 1, 1891
Chicago, Office.
$100 $18,000,000 See text. Q —F.
3.000.
000 6 g- M. & S. N.Y. Cent.Tr. &St. Louis. Men. 1, 1904
1,000
^p X sn tu re bonds, s. f.. purchased a t par, gold
.c* 1894
See text.
2,219,400 8 per an. M. & N. N. Y., Office, 1 B’way.
100
¡¡rationalStarch—1stpref. stock,cum .8 p.c. ($3,000,000)..
do
do
See t e x t
1,846,800 12 per an J. & J.
100
^ S f e r e n c e l t o c k , cumulative, 12 p.cent ($2,500,000)
3.837.000
6 g. M. & N. N.Y.,ChaseNationalBk. May 1, 1920
1st mortgage,(for $4,500,000), gold.................................. 1890 1,000
New York Office.
Jan. 24,1894
5.000. 000 See text. Yearly.
100
New Central Coal—Stock.
........
- -...........................
Boston, 125 Milk St.
Aug. 15,1894
10,394,600 See text. Q —F.
100
New England Telephone < Telegraph—Stock.........................
6
A. & O. Boston.Bank of Repub. Apr. ’99-1900
1.000.
000 6
Ronds 1st and 2d Series, each $500,000.................-----C 89-’90 1,000
A. & O.
do
do
Apr. 1, 1906
6
500.000
1,000
Ronds 3d Series, subject to call after April 1,1901,a t 102 1891
do
do
Apr. 1, 1907
A. & O.
6
500.000
1,000
Ronds 4th Series,subject to call after April 1,1902,a t 102 1892
A. & O.
do
do
Apr. 1, 1908
6
200.000
1,000
Ronds 5 th Series,subject to call after April 1,1903,a t 102 1893
5
15J.& J. 1. E. Gates, 35 Wall St. Apr. 15,1990
2 ,000,000
1,000
Nnnvort News Shipbuilding < Dry Dock.—1st m o rt.. .c*&r 1890
6
do
do
J. & J.
Apr. 15,1937
5
600,000
1,000
" rifosaneake Dry Dock & Construction 1st m ortgage... 1887
Chicago, 111.
Apr. 1, 1893
See
9.000.
000 text. Quar.
100
New York Biscuit Company—Stock ($10,000,000)..........
1.341.000
6 g. M. & S. N. Y., Kountze Bros. Mch. 1, 1911
1,000
"wirst, mort. gold, sinking fund, not subject to call— c&r 1891
See text.
it.... York & East River Gas—Stock ($5,000,000 is pref.)
1,000
3.228.000
1894
5 g- J . & J. N. Y., Guar. & Trust Co. Jan. 1, 1944
Fbstm ortgage ($3,500,000),gold
..................
1.957.000 ■ 6 g. M. & N. N. Y., West. Union Tel. May 1, 1911
1,000
n Y Mutual Tel.—M utual Un. Tel. 1st M., g.,gu„ not dr’n.o 1881
2.535.000 6 p er an. Q .-J . Brooklyn, 16 Smith St, Ju ly 16, 1894
100
New York & New Jersey Telephone—Stock, $3,500,000...
M. & S. N. Y., Nat. Park Bank, Mch., 1905
404,800
6
"wirst mortgage, gold, red. in March, 1895,a t option of Co 1885 100 &c
928,000
1,000
5 g. M. & N. N. Y., A tlantic Tr. Co. May 1, 1920
Gen M. for $1,500,000, g., s. f. $20,000 y’rly, not dr’n .. c* 1890
See text.
1,000
6 g- M. & N. Nov. 92 coup, unpaid. May 1, 1920
N Y.<t Perry CoaUIron Co.—lstM .,g.,s.f.,not sub.to call.c 1890
N.Y.,J.S.Wetmore2Wall
1.500.000
50
(Î)
(1)
N Y < Texas Land (Limited)—Stock....................................
£
3.000.
000
100
Niagara Falls Power Company—Stock for $10,000,000..
N. Y. Agency.
Jan . 1, 1932
3.648.000
5 g. See tex t
1891 500, &o
1 st mortgage for $10,000,000, gold—
........ ..c& r
Nicaragua Canal Construction—Stock, $12,000,000........
National Linseed Oil.— company, incorporated in 1887 161. Treasurer, G. P. Johnson, 10th Ave. and 15th St., N. Y. City.
This
nnder the laws of Illinois, has acquired all the property of the Linseed Main office, American Express Building, Chicago, 111. V. 58, p. 3 0 4 .
nil Trust, consisting of the real estate, machinery, patents, etc., of 52
New York * East River Gas Co.—
Incorporated under the laws
oil works situated in 42 cities of the United States, including
1894, to succeed to the business
s
'fhieago.St. Louis, Minneapolis, etc. Its product is both linseed oil and oil of New York in January, been merged into N. Y. & E. R. of the E aoft ,
River Gas Co. which|has
Capacity
„ow—
used for stock food and fertilizer—and it is said to employ in the p lant a t Long Island City reported to be 24,000,000 cu. ft. per day.
manufacture of these from 60 to 70 per cent of the country’s annual
Company will supply gas in New York City through tunnel 2,541
nroD (of ten to tw enty million bushels) of flaxseed. Stock listed in New feet long from Ravenswood, L. I., under E ast River to E ast 71st St.,
York in September, 1890. See V. 51, p. 348.
New York, completed in July, 1894.
Bonus.—
Debenture bonds for $3,000,000 a t 6 per cent were author­
Stock.—In May, 1894, capital stock was increased from $200,000
ized bv stockholders in February, 1894, to reduce the floating debt preferred and $500,000 common to $2,000,000 preferred and $5,000,and BUDUlv working capital. The debentures have a sinking fund of 5 000 common. Outstanding in July, common, $4,705,750; preferred,
ner cent per annum after March 1,1895. V. 58, p. 306. Debentures non-eumulative, 6 p. c., $668,250. B onds.—The first m ortgage is for
for SI 400,000 were listed on N. Y. Stock Exchange in Sept., 1894.
$3,500,000.
Balance sh eet Ju ly 31,1893, in July, 1894, S u ppl e m e n t .
Stock of the E ast River Gas Co. for $1,000,000 is held in the tre a s ­
On July 31,1893, bills and accounts payable, $3,289,116; cash in ury. Emerson McMillin, President, 40 Wall St., N e w \o rk . See V. 58,
bank, $150,636; bills receivable, etc., $644,379.
p. 866, 902; V. 59, p. 116,191.
Dividends .—In 1890 4 per cent; in 1891, 2 ^ per cent; since, none.
New York Mutual Telegraph.— Western U nion T e l .
See
Directors .—Alexander Euston, P resident; R. D. Hubbard, W. P.
N e w York & N e w Jersey Bridge Co.—
Charter obtained in
Orr Samuel Thomas, A. C. Abbott, Marcus Simpson, A. O. Hall, J . A. 1894. Organized to build a suspension bridge across the Hudson River
Willard, P. C. Hanford, T. G. McCulloh, Secretary and Treasurer. E x­ from between 59th and 69th Sts., N. Y. City, to New Jersey. Bridge to
ecutive offices, Old Colony Building, Chicago, 111. N. Y. Office, 81 John have headway of 150 feet above high water. Secretary, C. H. Swan.
Street.— 5(1, p. 2 4 4 , 414; V 57, p. 422; V. 58, p. 306, 716, 1035.)
(V.
Office, 214 Broadway, N. Y. See North River Bridge item V. 58, p. 866
National starch.—
Incorporated in February, 1890, under the laws
New York & New Jersey Telephone.—
O perates telephone
of Kentucky, and owns properties capable of producing from 230 to 240
million pounds of starch yearly. The tw enty concerns whose plants, lines under perpetual license from the Bell Company in Staten Island,
Long Island (including Brooklyn), in New Jersey in oounties of Bergen,
trade marks, patents, business and good will it purchased were located
In the States of New York, Ohio, Indiana, Illinois, Iowa and Kansas. Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset and
The preferred stocks have preference as to principal as well as divi­ Union. Its total subscribers on Jan. 1, 1894, were 9,671 (of which
dends. Wording of pref. certificates was in editorial of May, 1893, 4,775 in Long Island), against 9,418 on Jan . 1,1893, and 9,044 in 1892;
Supplement . The bonds were issued a t a ra te not exceeding 75 per revenue from toll messages in 1893, $216,091.
Stock .—In Jan u ary 1894, increased from $2,535,000 to $3,500,000.
cent, of the company’s real estate.
On March 1, 1894, there were in the company’s treasury $549,300
B onds .—Of the general mortgage bonds sufficient are reserved to take
common stock, $780,600 first preferred and $653,200 second preferred, up the first mortgage at maturity; trustee gen. mort., A tlantic T rust Co.
and $663,000 first mortgage bonds.
D iv id e n d s .—Dividends in 1892, 6 per c e n t; in 1893, 6 per c e n t;
Stock .—Common authorized, $5,000,000; outstanding, $4,450,700; in ’94, Jan., 1 ^ p. e. regular and 1 p. c. extra; Apl., 1*2 p. c.; July, l ^ p . o.
par, $100.
E arnings .—In year 1893 gross earnings were $1,183,832, against
Dividends on preferred stock were paid in full u n til 1893, when the $1,050,125 in 1892; net over expenses and taxes, $698,145, against
dividend on the second preferred due Ju ly 1 was not paid because $359,478; interest, $76,520; dividends, $152,100; balance, surplus,
competition had been severe and trade dull. On first preferred no $215,276, against $130,446 in 1892.
dividend was paid in Nov., 1893. Common paid in 1891, March, 1 p. c.
New York& Perry Coal& Iron Company.—
Owns 640 acres,
Annual Me e t in g is held on first Wednesday in February.
controls 800 acres and leases 430 acres of coal and iron land in Hocking
Directors .—W. F. Piel, Jr., President ; William Duryea, Chester W. Valley region a t Shawnee, Perry County, O. Has five coal mines ana
Chapin, Charles C. Burns, Secretary and Treasurer; David A. Geraty, two blast furnaces. The November 1892, coupon went unpaid. Bought
John Duryea, Edgar E. Duryea, Jam es K. O. Sherwood, W illett H. a t public sale in September, 1893, in behalf of bondholders. New se­
C. Coles, Albert Erkenbrecher, Clifford B. Wright, H enry R. Wood, curities, under reorganization, will be $1,500,000 common stock,
John G. Agar, H enry W. Piel, Louis T. Duryea,W illiam F. Piel, Richard $700,000 4 p. c. preferred non cumulative, and $700,000 1st mortgage
Johnson, A. R. Beardsley, Fred M. Gilbert, Chas. Lautz, F. C. M. Lautz. 5 p. e. bonds. Old securities are deposited w ith Central Trust Co.
New York office. No. 1 Broadway. (V. 54, p. 643 ; V. 56, p. 247,1015.)
New York & Philadelphia Traction.—
Incorporated in July,
N ew Central Coal (Md.).— annual report for 1893, in V. 58> 1894. See V. 59, p. 115.
The
New York& Texas Land.— company took the lands granted
This
p. 177, showed 223,503 tons mined, against 201,428 tons in 1892; net
profits for year of $40,344, against $35,126 in 1892, and balance to to the International and Houston & Great Northern railroads, about
credit of profit and loss December 31, 1893, of $188,266. Dividends 5,000,000 acres. On June 30, 1893, company had 2,103,579 acres un­
since 1880—In 1881, 2 per c e n t; in 1882 and 1883, n i l ; in 1 884,1; in sold, and there was $802,080 of land scrip receivable fo rlan d sat7 5 p er
1885, n il; from 1886 to 1888 inclusive, 1 per cent yearly; in 18 9 1 ,1 ; cent of its face.
in 1892, March, 1 per cent; in 1893, Feb., 1 per cent; in 1894, Jan., 1
Niagara Falls Power Company.—
O rganized in 1886 and u n ­
per cent. (V. 52, p. 2 0 2 ; V. 56, p. 2 4 5 ; V. 58, p. 177.)
der special acts of New York State has authority to transm it Niagara
New England Telephone & Telegraph.— company does a water, and light, heat or power developed from it, to practically any
This
telephone business in Maine, New Hampshire, Vermont and Massachu­ point in New York State. Its hydraulic works, which are to produce a t
setts under license from the American Bell Telephone Co. On January least 100,000 horse power, were to be in operation to the ex ten t of 15,1,1894, it had 21,648 subscribers (against 20,721 in 1893) and exchange 000 horse power in 1893. The cost of constructing these works, includ­
ing the building of 7,000 feet of tunnel, purchase of 1,486 acres of land,
offices in 104 cities or villages.
Stocks and B onds .—Stock $12,000,000, of which, on March 1,1894, w ith basins, wheel-pits, right-of-way, eto., under te r n s of contract,
$1,605,400 was in the treasury. The bonds are to be secured by any was not to exceed $2,600,000 in stock and *3,500,000 in bonds. See
article in Chronicle , V. 57, p. 809. In Jan., 1894, the hydraulic tunnel
mortgage placed on the property. The fifth series is for $500,000.
was first used, 3,300 horse-power being furnished the Niagara Falls
D iv id en d s .—Dividends from 1886 to May, 1894, a t rate of 3 ^ per Paper Co’s mill. V. 58, p. 178,1035.
cent per annum, three dividends yearly being for 75 cents, and one
The C ataract General Electric Co., organized in 1893, in March,
(paid February 15), for $1‘25; b u t in Aug., 1894, paid $1.
1894, obtained a 50-year perm it to construct upon all canals in New
E arnings .—In 1893 gross earnings were $2,042,749; net over inter­ York State, a system for propelling canal boats by electricity, and also
est charges were $482,668, against $436,444 in 1892. In 1893 spent to furnish electric light, heat and power to cities along the canals.
This company will obtain its power from the Niagara Falls Pow er Co.
$357,088 for construction.
The E rie E
Power Co.
Newport News Shipbuilding & Dry Dock. Co.
—Organ­ interest, wlectric Towing &York City. has been organized in the same
ith office in New
Directors of both these com­
ized under an act of Virginia of Jan u ary 28,1886, as amended Febru­
panies—
William Mertens, Frauk W. Hawley, Thomas C. P iatt, Commo­
ary 17, 1890. The stock is $2,000,000. The company owns sixty
acres of land w ith w ater front, and has large plant, costing $561,954 dore P. Vedder; Charlton T. Lewis, Secretary and Treasurer.
Sto c k .—Niagara Falls Pow er Co. stock, authorized by charter $10,for the dry dock and crib work, and over $2,750,000 for th e other
property, as stated to the Stock Exchange. The Chesapeake Dry Dock 000,000. Am mint, authorized by stockholders to be issued was in
& Construction m ortgage covers the dry dock as a first lien and the creased in Sept., ’94, from $2,600,000 to $3,000,000 for extending com
Newport News Shipbuilding & D ry Dock mortgage is second to this. pany’s p lant a t N iagara Falls.
Bee statem ent to New York Stock Exchange in V. 53, p. 716.
B onds .—Under the mortgage (trustee Central Trust Company) there
New York Biscuit Com pany.—This company is incorporated is no right of foreclosure till after Jan . 1,1895. Coupon bonds are for
under the laws of Illinois, and owns and leases property in New York $1,000 each and have interest payable J. & J . Registered bonds are
J.
City, Chicago, Cambridgeport (Boston), Des Moines, la., Denver, Col., $500, and draw interest Q.— Coupon bonds are convertible w ithout
&e., 14 cities in all. The real estate, buildings, patents, machinery, etc., charge into registered bonds. Mortgage covers all b u t 400 of the 1,486
were valued in balance sheet Jan . 1,1894, a t $7,740,322; construc­ acres of land. Office, 15 Broad Street, N. Y. City. (V. 56, p. 819; V.
tion account a t $2,025,523; m erchandise accounts receivable, etc., a t 57, p. 723, 809; V. 58, p. 178, 1035.)
$1,692,869; cash, $179,960. Bills payable were $985,000; accounts
Nicaragua Canal.— statem ent of Sept., 1893, in V. 57, p. 376.
See
payable, $113,644. Trustee under the m ortgage is the Central Trust
Plan of reorganization of Dec , 1893, given m V. 57, p. 1040, was de­
Co. of New York. Sinking fund, $50,000 a year.
Dividends from October 1,1890, to Jan . 1,1892, both inclusive, 11 clared operative in January, 1894, and all the property of the com pany
p. c. per annum ; in 1892, 4 per c e n t; in 1893, April, 1 per c e n t; none w as bought a t foreclosure sale for the reorganization committee.
since. Profits in 1893, $411,910; in 1892, $548,359; in 1891, $453,- 57, p. 376; V. 58, p. 383, 941.




146

INVESTORS’ SUPPLEMENT.»

|V ol . L1X.

Subscribers w i l l confer a great fa v o r b y g iv in g Im m ediate n otice o f a n y error discovered in tbese Tables

MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Bonds—Princi­
D ate Size, or
Amount
For explanation of column headings, &e., see notes on of
P a r Outstanding R ate per When Where Payable, and by pal,When Due.
Stocks—Last
first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend.
North American—Stock for $50,000,000...............................
North Hudson Go. (St.) R ’y —Stock authorized, $1,250,000
1 st m ortgage..........................................................................
Consol, mort. ($3,000,000)—$620,000 to retire 1st M. .o'
Debenture 6s ..........................................................................
Northwest Equipment—Stock...................................................
Northwestern Tel.—Stock, 4 rising to 6 p.c., guar. West.Un.
1 st m ort., sink, fund, bonds not drawn, interest guar-C"
Ohio Falls Oar M anufacturing Go.—Common stock........
Preferred stock, 8 per cent, cumulative, g o ld .................
1st M.. gold, $20,000 per an., subj. to cadi a t 105...c*&r
Oregon Improvement Go.—Stock, com m on...........................
Preferred stock, 7 per cent, non-cumulative....................
1st mortgage, gold, sink, fund 1 p c. yearly. See te x t
Consolidated m ortgage for $15,000,000, gold............. c*
Pacific Mail Steamship—Stock................................................
1st M. for $5,000,000, subject to call a t 110 and in t.. c*
Pennsylvania Oanal—Gen. M., int. guar, by Penn, RR.c*
Pennsylvania Goal—S to ck .................. ....................................
Peoria Water—IstM ., g., red. aft. Nov. 1,1899, a t 105.C*
Philadelphia Oompany— (Natural Gas) Stock......................

1888
1892
1874

$100 $39,733,600
25
1 , 100,000 See text.
Hoboken, Co.’s Office.
620,000
6
J . & J. Hoboken,N.J. IstN .B k. Jan. 1 , 1914
T
l
2.378.000
5
J. & J.
do
do
July 1 , 1928
500.000
6
F. & A.
do
do

1,000
1,000
1,000
100

50
500

1890
1870

100
100
1,000
100
100
1,000
1,000
100
1,000
1,000

1889

1,000

1892
1880
1889

50

50

N orth A m erican Com pany.—Org anization .—Organized in 1890
under laws of New Jersey, as successor to the Oregon & Trans-Conti­
nental Co., to engage in railroad financiering and the prom oting of elec­
tric light and power companies. The business has thus far been mainly
confined to street railw ay and electric enterprises.
M il w a u k e e St r e e t R a ilw a y and E lectric L ig h tin g .—The Mil­
waukee Street Railway Company, of whose stock for $5,000,000 the
N. A. Co. on May 31,1894, owned $2,861,700, came in 1891-92, in con­
nection w ith the N. A. Co., into control of the entire system of stre e t
railw ays in Milwaukee, 140 miles of road, built and to be built.
The N. A. Co. also secured exclusive franchises for distributing
electric light aDd power in Milwaukee, and entered into a contract
running till November, 1895, for furnishing street lights. The Milwau­
kee enterprises were not completed till May, 1893. The n et earnings
in 1893 were $408,625, against $405,495 in 1892.
, On May 31,1894, the No. Am. Co. owned $5,172,000 of the Milwau­
kee Street Railway Company 5 per cent 30-year consolidated m ortgage
gold bonds, executed December 27, 1890, for am ount of $10,000,000;
$1,000,000 consols were to be reserved to m eet underlying bonds.
Holders of nearly all of the $8,912,000 of these bonds outstanding
Nov. 25,1893, had agreed to cancel the 3 coupons from Dec., 1893, to
Dec., 1894, inclusive.
Cin c in n a ti E d iso n E lec tr ic Company .—This company, has se'
cured the contract for the public lighting of the entire city of Cin­
cinnati for eleven years and w ith it a valuable franchise for commercial
lighting for the term of tw enty years. The report for 1893-94 states
th a t “ the business of this company has been affected by the general
financial depression, etc., but it is proposed to extend the connections
so th at, both city and commercial, they will reach the equivalent of a t
least 50,000 lam ps, of 16 candle power each, by the close of the year.’
Ca pit a l Sto ck .—The North American authorized capital is $50,000,
000, of which only $40,000,000 has been issued, this having been ex
changed, share for share, for stock of the Oregon & Trans-Continental
A n nual R e p o r t .—Fiscal year ends May 31. Annual meeting is held
in Jersey City on third Wednesday in June. Report for 1893-94 was in
V. 58, p. 1072. The report states th a t the N orthern Pacific stock,
N orthern Pacific consols and Chicago & N orthern Pacific firsts owned
by the company were sold during the year, but no income account
is given, only the following statem ent of May 31,1894: A ssets .—Mil.
St. Ry. 1st and 2d M. bonds (at par),$6,447,000, and stock, $2,861,700;
other stocks, etc., valued a t $723,984; notes and accounts receivable,
$103,218; cash, $64,648; to tal assets, $10,200,550. L ia b il it ie s .—
Bills p ayable,$1,791,800; accounts payable, $16,218.
D ir ec t o r s .—Edw ard Q. Keasbey, John I. Beggs, C. W. Wetmore, 8. W.
Burt, J. H obart Herrick, D. S. Wegg, G. R. Sheldon, Edw ard Edes,
H enry C. Payne. President. C. W. Wetmore; Secretary and Treasurer,
E dw ard Edes; New York Office, 15 Broad St. (V. 56, p. 887, 931,
1 0 5 5 ,1 0 5 7 ; Y. 58, p. 866, 1072.)
N ortli H u d so n Cou nty (Street) R a ilw a y ,—Owns 50 miles of
street railw ay and elevated cable lines in Hoboken, N. J., and vicinity,
upon which electricity is being introduced on both surface and elevated
roads. A stock dividend of 40 p. c. was paid in July, 1892, to represent
surplus earnings expended on the p ro p e rty .' In 1892 gross earnings
were $860,322; dividends, 8 per cent, In 1891 gross, $763,816; net,
$197,804; interest on bonds, $120,408; dividends, € per cent, $38,186;
balance, surplus, $39,210.
N orth w est E q u ip m en t.—Owns railroad equipm ent costing $3,000,000, leased to North. Pacific RR. R ental 7 per cent per annum on
$3,000,000 and 10 per cent yearly to the sinking fund. B ut in August,
1893, the application for a receiver for the N orthern Pacific stated
th a t no paym ents to the sinking fund had been m ade in cash, but
th a t $2,000,000 N. Pacific consols had been deposited in lieu thereof
w ith the Trust Co. See statem ent to New York Exchange in Ch r o n i ­
c l e , V. 50, p. 73. Stock paid in 1890 6% p. c.; in 1891, 7 ; in 1892,6%;
in 1893, Feb., 214 ; M ay,H a; Aug., H a; Nov., H a; in 1894, Feb., IL j ;
April, 1*2 p. c.; Aug., l ^ p . c. President, Colgate Hoyt, 36 Wall St.,N.Y.
N orthw estern T eleg rap h .—See W e s t e r n U nio n T e l e g . Co .
Ohio F a lls Car M a n u fa ctu rin g Co.—Incorporated under the

Q

3.000.
000 text.
See
2.500.000 See te x t
1.180.000
7
400.000 See text.
800.000
8 g.
580,000
6 g.
7.000.
000 text.
See
327,800 See text.
4.146.000
6 g6.468.000
5 g20,000,000 See tex t.
J ’ne’94 none
3.000.
000
5.000. 000 16 p. ann
1.254.000
6 g.
7.500.000 See tex t.

P

Feb., 1902
Aug. 1 , 1894
July 2, 1894
Jan. 1 , 1904
July 24,1893
July 2, 1894
Oct. 1, 1922
Aug. 1 , 1890
Mch. 1 , 1893
Dec. 1 , l9 io
Oct. 1 , 1939
Sept. 15,1887
New York, 15 Broad St. Aug. 1 , 1908
Phila., 233 So. 4th St,
July, 1910
New York, 1 Broadway. Aug. 1, 1894
See text.
Nov. 1 , 1919
Pittsburg,820 Penn Av. Oct. 1 , 1894

Q .-F . N. Y., Hoyt, 36 Wall St.
.J. & J N. Y., West. Un. Tel. Co.
J. & J
do
do
yearly. N. Y., Maitl’d, Phelps,
Q .-J .
do
do
A. & O.
do
do
M. & S. N. Y. Of., 22 William St.
J. & D. N. Y., Farm . L&. Tr. Co.
A. & O.
do
do

F. & A.
J. & J.
Q.—F.
M. & N.
Q .-J .

D iv id e n d s —On preferred stock (issued in 1888)—In 1888 3L» • from
March, 1889, to September, 1890, 7 per cent yearly ; then’none until
1892, when 7 p. c.; in 1893, March, 3 ^ p. c.; September, none; inl894
March, none. On common—In 1883,71 ; in 1888, l ^ ; in 1889 4V in’
a
1890, 3 per cent; none since.
; ’ ’
B onds .—Under consoLmortgage for $15,000,000 (trustee, Farmers
Loan & Trust Co.), bonds are reserved to retire the preferred stock and
the first mortgage bonds not in the sinking fund. See V. 54 p 484
The first mortgage bonds by their term s are subject to call for the
sinking fund a t pa r if not purchasable a t 106. In January, 1893 it was
proposed on request of bondholders to cancel the sin k in g fund provis­
ions, b u t no action had been taken up to March, 1894. See V. 56, p. 42.
E arnings .—8 m onths,) 1893-94, gross, $2,463,796 ; net, $417 757
Dec. 1 to Ju ly 31, 5 1892-93, gross, $2,475,709; net, $387,021.'
A nnual R e p o r t .—Fiscal year ends November 30. Report for 1892-93
was in V. 58, p. 428. In 1893 of the net earnings before deducting
taxes there w as derived from steam ships $438,263; from the coal
partm ent $155,876; from railroads $190,849; from real estate, etc
$16,798; total, $801,786.
’
’
INCOME ACCOUNT (ALL COMPANIES).

Tear ending Nov. 30.—
1891.
1892.
1893.
Gross................................................... $4,300,960 $3,891,975 $3,898,418
Net over taxes and gen. expenses.
829,690
759,948
747,064
14,357
25,370
Income from investm ents, &c........
16,937
$785,318 $764,001
N et incom e....................................... $844,047
In terest on bonds. — ..........................$553,793
$623,400 $575,100
Other interest, &c.................................. 75,344
22,946
59,773
Sinking fu n d .......................................... 50,000
50,000
50,000
Balance s u rp lu s ...............................$164,910
$88,972
$79,128
D irectors —The directors a r e : W. H. Starbuck, C. B. Tedcastle and
Edwin S. Hooley, of New Y o rk ; F. H. Prince, of Boston; C. A. Dolph,
William M. Ladd, Henry Failing, Joseph Simon, C. H. Lewis and Jona­
th an Bourne, all of P o rtlan d ; and C. J. Smith, of Seattle, Wash. W. H.
Starbuck, P re sid e n t; C. A. Dolph, Vice-President; C. J. Smith, General
Manager. N. Y. office,22 William St. (V. 56,p.42, 3 3 1 ; Y. 58, p. 428.)
P a c if i c M a i l S t e a m s h i p . —The trans-Continental railroads gave
to this steam ship company a subsidy of $75,000 minimum per month,
but this was discontinued in 1892, necessitating a term ination of the
arrangem ent with the Panam a RR. Co. From June, 1893, to June 15,
1894, however, the P anam a RR. chartered three Pacific Mail steamers.
See V. 57, p. 145. This contract was n o t renewed on June 15, 1894.
No dividends since 1887.
B onds .—The mortgage for $5,000,000 (Trustee, Central Trust Com­
pany), covers all the company’s franchises, shares of stock in the
China S. S. Co. limited, and other property, real or personal, including
its present fleet of vessels and seven vessels to be constructed subse­
quent to the m aking of the m ortgage, and all other property acquired
with the proceeds of the bonds. In June, 1894, no bonds had been
issued. On April 30,1894, current liabilities (including loans and bills
payable $504,399) were $895,273; current assets, $501,439. Total
liabilities, capital stock, etc., $21,042,449. Total assets, $9,717,877.
A nnual R e p o r t .—Fiscal year ends A pril 30; report for 1893-94 was
in Ch r o n ic l e , V. 58, p. 1071, showing:
Tear ending Apr. 30.
1891.
1892.
1893.
1894.
Atlantic lines.......... . ........... $697,291 $684,870 $688,389 $170,839
Panam a lines......................... 2,262,638 2,363,613 2,032,152 1,730,845
Trans-Pacific line................. 1,107,601 1,082,936 1,235,224 1,498,410
Subsidies............................... 103,000
103,000
27,733
69,487
Interest and dividends.___
33,463
25,729
24,180
.........
Miscellaneous_ -----.......... 94,578
_
149,114
110,795 364,512
Total earnings............$4,298,571 $4,409,262 $4,118,473 $3,834,093
E xpenses........................... 3,495,650 3,688,055 4,175,215 3,358,632

Net e arn in g s.................$802,921
$721,207def. 56,742 $475,461
D ir ec tor s and Of f ic e r s —Henry H art, Isaac E. Gates, Calvin S.
law s of Indiana in 1892 as successor to Ohio Falls Car Co., established
in 1865. Located a t Clarksville, near Jeffersonville, Ind. See adv. Brice, Samuel Thomas, Edw ard L auterbach, Geo. J. Gould, Russell
Ch r o n icl e of Oct. 22,1892, and Maitland, Phelps & Co., 24 E xchange S age; Collis P. H untington, P resident; R. P. Schwerin, Vice-President;
Place. F irst dividend—On common in July, 1893,12 p. c.; in July, 1894, William H. Lane, Secretary; Jos. Hellen, Treasurer. Office, Mills Build­
none. On preferred 2 p. c. quarterly Jan., ’93, to July, 1894, inclusive ing, New York C ity.-(V . 56, p. 375, 836, 887, 9 2 3 ,1 0 5 7 ; V. 57, p. 145,
1123; V. 58, p. 384, 716, 867, 942, 1071.)
Oregon Im provem en t Com pany.—This company controls the
P e n n sy lv a n ia C an al.—Worked in interest of Pennsylvania RR.,
Pacific Coast Steamship Company (owning its entire capital stock)
and operates five steamship lines running between San Francisco which guarantees interest on bonds and owns $3,517,150 of the $4,
Portland, Victoria, Sitka, F o rt Bragg, San Diego, &e. Also owns all 501,200 stock. Earnings in 1893, gross, $118,850, against $112,481
the securities of the Columbia & Puget Sound Railroad (narrow gauge), in 1892; net, $29,515, against $7,948; interest, $153,180; loss, $123,Seattle to Franklin, etc.,'w ith sidings, 57 miles, and its New Castle 665, against $145,232 in 1892.
mine; the Pacific Coast Railway (narrow gauge), P o rt Harford, Cal.,
Pe
ia Coal.—Dividends since 1881—From 1882 to May,
to Los Olivos, 80 m iles; the Seattle & N orthern Railway, 1894,n n s y lv a n16 per cent per an. In Feb., 1894, paid 4 per cent extra.
inclusive,
Anacortes to Ham ilton, Wash., 36 m iles; the P o rt Townsend
Southern RR.; P o rt Townsend to Quilcene, Wash., 28 miles, and
P eo ria W ater.—Owns w ater works a t Peoria, 111., purchased from
Olympia to Tenino, Wash., 15 m iles; operates the Franklin Coal Co. the city in 1889. See full statem ent in Ch r o n ic l e , V. 52, p. 535. The
owning the F ranklin mine. (See Y. 51, p. 570, 747.) Company also m ortgage is for $2,000,000, and of the bonds $295,000 are held to
has some 3,688 acres coal land.
entire a like am ount of city water bonds. Nov., 1893, coupon was paid
one-half in cash and one-half in sc rip ; this scrip redeemed May 1, ’94.
H isto r y .—Defaulted in Dec. 1890, on 1st mort. coupons, and Joseph C. B. Gold made receiver Ja n ., 1894. Stock, $1,000,000; par, $100.
Simon was appointed receiver. A change in the m anagem ent fol­
lowed, Mr. W. H. Starbuck became P res’t, the receiver was discharged,
P h ila d e lp h ia Com pany.—In 1887 the Chartiers Company was
and th e overdue coupons were paid. See V. 52, p. 351; V. 54, p. 288. ‘ leased for 99 years The Philadelphia Company controls the natural




September , 1894.]

MISCELLANEOUS STOCKS AND BOND,

14 ?

Subscribers w i l l confer a great favor by giving immediate notice of any error discovered in tbese Tables.

MISCELLANEOUS.
Bonus—Princi­
INTEREST OR DIVIDENDS.
pal,When Due.
Amount
For explanation of oolumn headings, &c., see notes on of
P a r Outstanding R ate per When Where Payable, and by Stocks—Last
first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend.
Phila Go.—(Con.)—lstM .,s.f.,$250,000yrly.,notdrawn.c* 1888 $1,000
$64,000
6
J. & D. N; Y. City, Merc. Tr. Co. Dec. 1, 1898
p Lorillard Co—Common stock......................................... . ....
100
3,000,000 See text. F. & A.
Feb. 15,1893
Pref. stock, 8 p. c., cum., pref. as to assets and eam ’gs. —
100
2,000,000 8 p. ann. Q.—J. N. Y., Baring, Magoun. Oct. 1, 1894
100
Postal Telegraph Gable Co.—Stock, $10,000,000..................
8,600,000
100
Procter dt Gamble—Common stock........................................ —
2,250,000 See text. Yearly. N. Y., A. M. Kidder & Co. Aug. 15,1894
Pref. stock (8 p.c., cum.). See term s in ed.M ay,’93, Su p .
100
2,250,000 8 p. ann. Q.—J.
do
do
Oct. 15,1894
1,000
1st M., g-, subject to call a t 110 after Ju ly 1,1900_ c* 1890
_
2,000,000
6 g. J. & J. N. Y., Mercantile N at. Bk Ju ly 1,1940
PullmanPalace Oar—Stock...................................... ..............
100 36,000,000 8 p. ann. Q .-F . N. Y., Farm . L. & Tr. Co. Aug. 15,1894
Quicksilver Mining—Common stock............................ ........
100
5,708,700 See text.
June 1,1882
* P referred sto c k ,7 p e r c e n t,n o t cu m u lativ e.......................
100
4,291,300 See text.
N. Y., Of., 20 Nassau St. June 2,1891
Railway Equipment Gompany o f Minnesota.—Stock.......
100
996,500 6 per an. M. & N. New York & London. May 10,1894
1st Mortgage, gold, $50,000 red. yearly in Nov. a t 100. 1891
663,000
6 g. J. & D. N. Y., Maitland. Phelps.
1901
Rhode Island Perkins Horse Shoe—General (com.) stock.. ....
100
1,000,000 See text. Q .-J . Co.’s Office, Providence Oct. 15,1894
P referred, 7 p e r cen t cu m u lativ e.......................................... ....
100
1.750.000 7 per an. Q .-J .
do
do
Oct. 15,1894
Rocky Fork & Oook City Railway < Goal—Trust certfs__
&
100
2.345.000
(?)
(?)
St Paul Oity Railway—See T w in Cit y R a pid T r a nsit .
1,000
Salt Lake Oity RR.—lstM .,g.,red a t 100 aft.Jan.l,1903.c* 1893
650,000
6 g. J. & J.
New York City.
J a n .l, 1903-13
500
Sioux Oity < St. Paul.—Land grant m ortgage.................... 1871
6
576,500 See text. M. & N.
St. Paul, Minn.
Not fixed.
Southern dt Atlantic Telegraph—Stock (guar. 5 per cent)..
...
25
948,875 5 per an. A. & O. N. Y., West. Union Tel. Apr. 2, 1894
Southern Cotton Oil—Stock ($5,000,000 authorized)........ --100
4,000,000 See rem.
From Camden-by ch’ck J u n e 15,1893
Standard Gas Light—Pref. stock authorized $5,000,000..
100
3,501,000 See text. Q .-J .
N. Y., 71 Broadway.
Oct. 10, 1894
New 1st mortgage $1,500,000, gold.................................c 1890
1,000
1.104.000
5 g. M. & N. N. Y., Merc. Trust Co.
May, 1930
Street Railway < Illum inating—Com. stock $4,500,000..
&
4.500.000
Pref. stock $4,500,000 6 p. c. cum. (subj. to call a t 110) ....
2,965,600 6 per an. F. & A.
N. Y. City.
Aug. 1, 1894
Sunday Greek Goal—Preferred stock, 5 per cen t...............
100
1,500,000 See text. F. & A. N. Y.,Davis &Co~.40Wall Aug. 15,1894
1st Mort., gold., sinking fund., subject to call a t 105.c* 1892
1,000
400,000
do
do
Dec. 1, 1912
6 g- J. & D.
Susgueh’na Goal.—1 s tM., gu. p. & i., s. f. not sub, to call.c —
1,000
1,563,000
6
J . & J.
Phila. Co.’s Office.
Jan., 1911
gas production about P ittsburg and vicinity, owning or leasing over
R h o d e Isla n d -P erk in s H orse Shoe Com pany.—Or Ga n iza 50,000 acres gas territory and over 700 miles of pipes.
vio n .—M anufactures horse shoes and toe calks a t Valley Falls, R. I., 6
E arnings.—In year ending March 31,1894, gross from gas sold, $1,- miles from Providence. Commenced business in 1874 and incorporated
428,709; from oil, $132,913; dividends received, $76,750; to tal receipts, as a joint-stock company July, 1891, under laws of New Jersey.
$1,638,372; operating expenses, interest, rentals, etc., $1,069,749;
Stock .—After 7 per cent per annum on cumulative preferred, com­
balance due on new lines, $30,000; dividends, $431,250; balance, sur­ mon receives up to 10 p. c., th en both share pro rata.
plus, $107,373. In 1892, gross from gas, $2,147,878 ; oil, $18,277.
D iv id e n d s .—On preferred 7 per cent per annum. On common, in
Dividends .—The January, 1891, and subsequent dividends were 1892,12*2 p. e.; in 1893, 10 p. e., 2*2 p. e. quarterly; in 1894, Ja n .,
passed, but in 1892, paid 41i p. ct.; in 1893, 4*4 p. ct.; in 1894, Jan., 2*2 p. c.; April, 214 p. c.; July, 2*2 p. c.; October, 2 ^ p. c.
1^2 p. ct.; April, Ha p. c t ; July, 1 p. c.; Oct., 1 p. c. (V. 54, p. 1008.)
E arnings.—In year ending June 30,1892, net over all expenses, $316,P. Lorillard Com pany. —Incorporated under laws of New J e r­ 902; surplus after dividends, $94,402. In 1890-91 net, $268,960; in
sey July 1,1891, for the purpose of carrying on the tobacco business of ’89-90, $265,448. For years 1887 to 1891, inclusive, n et earns, averaged
p. Lorillard & Co. in Jersey City. Dividends on preferred in 1892, 8 $262,654 73. Stock listed on N. Y. Exchange in December, 1892.
p.c.; in 1893, 8 p. c., paid quarterly; in 1894, Jan., 2 p. c.; Apl., 2 p. c.;
D ir ec t
W. Carpenter, R. W. Comstock, C.
G. P.
July, 2 p. c.; Oct., 2 p. c. On common in 1892,10 p. c.; in 1893, Eeb., Wetmore,o r s .—F. Hoyt, E. C. Larned, F. E. Perkins. H Perkins, F. W.
President,
5 p. c.; in Aug., none. For year 1891-92 net profits applicable to divi­ Carpenter, G. L. Providence, R. I. Transfer Agents, Maitland, Phelps
Esq.,
dends were $496,313; paid on preferred, $160,000; on common, $150,000; balance, surplus, $186,313. See report, Y. 55, p. 373. Main & Co., New York. V. 55, p. 1036.
R o c k y F o r k & C ook C ity R a ilw a y & Coal T r « s t.—This
office, Jersey City, N. J. Baring, Magoun & Co., Transfer Agents in
tru st, organized in the interest of the Northern Pacific Railroad Co.,
N. Y. (V. 53, p. 641; Y. 55, p. 373.
owns coal mines a t Red Lodge, Montana. I t also form erly owned the
Postal T elegrap h Cable. —This company is successor to the
Rocky Fork
City RR.,
the mines,
Postal Telegraph Company and Postal Telegraph & Cable Company. miles, which& Cook to the Nor.Laurel, on the N. P. RR., to contracted 45
Pacific.
to
Stock increased in 1890 to $10,000,000 for franchises, extensions, &e. purchase 500it soldof coal daily a t $2 50The Nor. Pacific
tons
per ton, w ith rebates, and it
On June 30,1892, when stock outstanding was $8,600,000, there w as was agreed th a t whenever the tru st should declare a dividend a sum
funded and floating debt of $2,399,178. In Jan ., 1893, the Commercial equal to two-thirds of the sum so applied should be used to purchase
Union Telegraph Company’s lines were leased for 99 years at 6 per cent the tru st certificates, if obtainable a t or below par. The certificates
on stock. In 1894 the property of the New Jersey Postal Tel. Co. was
purchased. In 1893 gross earnings $3,565,293; net, $537,272. A. B. have thus been reduced from $4,000,000 to the present figure. In year
1892-93,142,349 tons of coal were shipped from the mines.
Chandler, President, New York. (V. 56, p. 43, 336, 414.)
St. P a u l C ity R a ilw a y .—S e e T w in Cit y R a pid T r a nsit .
Procter & G am ble C o .—Form ed in 1890 under law s of New
Salt L a k e C ity R a ilr o a d .—Owns 13 miles of doubled-tracked
Jersey to carry on the soap, candle, oils and glycerine business of
Procter & Gamble. The m ortgage covers about 67 acres of land ad­ and 16 miles of singled-tracked street railroad in Salt Lake City, Utah,
joining the city of Cincinnati, together w ith the 29 factory buildings operated by electricity. Stock is $650,000; p a r $50. Mortgage is for
thereon. Of the common stock $1,000,000 is not to receive dividends $20,000 per mile of completed track, and th e bonds are subject to
call after Jan. 1,1903; total authorized issue, $1,500,000. Trustee, New
until 12 per cent has been paid on the rem ainder of the common.
Dividends —On common stock—in 1891, August, 8 per cent; in 1892, York G uaranty & Indem nity Co. In year 1892 gross earnings were
August, 12 per cent; 1893, August, 12 per cent; 1894, August, 12 j>er $264,014; net, $75,248, against $52,808 in 1891. V. 56, 887.
Sliver R u lllo n Certificates. — The silver bullion certificates
cent. On preferred, in full to October, 1894.
E arnings—For year ending June 30,1894, n et profits w ere $688,008, dealt in on the N. Y. Stock Exchange represent each 1,000 ounces of
the
Deposit Co. of
(against $651,360 in 1892-93); deduct interest on bonds, $120,000; fine silver bullion deposited w ith to a Mercantile Safeof one cent per New
storage charge
day,
dividend on preferred stock, $180,000; dividend (12 per cent) on York City, and are each subject
Siou x C ity & St. P a u l Lan d G ran t. —The bonds above were all
common, $270,000; balance surplus, $118,008; total surplus fund J lv
1, 1894, $450,029. Office, Cincinnati. (V. 55, p. 298; V. 57, p. 376 ; th a t rem ained on Mar. 1,’94, of an issue originally $2,800,000. On Deo.
28, ’93, coupon num ber 19 was paid. The bonds are secured on a specific
V. 59, p.291.)
body of lands, and principal and interest are payable only from land
Pullm an’ s P a la ce Car C o .—The stock has been increased fi im sales. A. M. Drake and A. H. Wilder, trustees, St. Paul, Minn.
time to time to provide new capital, as wanted, and $6,000,000 new
Southern
stock was issued in April, 1893 (V. 56, p. 669). Bonds all paid off and crushing mills Cotton O il.—A New Jersey corporation owning eight
in the South with an aggregate capacity of 1,600 tons of
surplus July 31,1893, $25,791,643.
seed per day; also owns 6 refineries, etc., valued April 30,1894, a t $3,Dividends since 1876—From 1877 to 1880 inclusive, 8 per cent; from 755,213. On April 30,1894, bills and accounts payable were $547,173
1881 to 1883 inclusive, 91 from 1884 to August, 1894, both inclu­ [these had been reduced by $431,000 prior to June 16,1894]; bills and
a;
sive, at the ra te of 8 per cent yearly.
acots. receivable, $183,998; m erchandise and supplies on hand, $456,Annual R eport .—Fiscal year ends Ju ly 31. R eport for 1892-93, 201; cash, $250,803. About $103,000 spent for repairs, betterm ents,
etc., during 1893-94 and charged to expenses.
with balance sheet, was in V. 57, p. 720, showing the following:
Year ends Ju ly 31.
1891.
D iv id e n d s .—In 1889 8 per cent, in 1892, March, 2 ^ per cent; June,
1892.
1893.
Earnings................, ..........................$7,871,146 58,061,081 $9,200,685 2 le; in 1893, March,
June, 2 ^ per cent. See statem ent to N. Y.
Patent royalties,manuf. profits,&c. 1,901,178
1,941,275 2,189,211 Stock Exchange in full in C h r o n ic l e , V. 49 p. 404.
A nnual R e p o r t .—R eport for year 1893-94 was in V. 59, p. 115,
Total revenue............. ............... $9,772,324 $10,002,356 $11,389,896 showing n et loss for year $146,011; balance from last account, $262,Operating expenses........................ ..$3,569,681 $3,438,863 $3,825,940 668; balance April 30,1894, to next account, $116,657. In 1892-93
Paid other sleeping-car associations 1,008,324
947,504 1,037,508 profits were $271,477. President, H enry C. Butcher. Office, Camden,
Coupon interest on bonds......... .
65,600
65,600
N. J. (V. 57, p. 58; V. 59, p. 115.)
Dividends on capital stock.............. 2,000,000 2,300,000 2,520',ÖÖÖ
Southern & A tla n tic T elegrap h .—Lines leased to W estern
Repairs of cars in excess of mileage 139,496
Union (which owns $390,475 of stock) and stock guar, by re n ta l 5 p. c.
Contingency account........................................ .
Standard Gas L ig h t.—Organized in 1886. Owns 140 miles of
Net result............................................$2,989,223 $3,250,389 $4,006,448 gas pipes on east side of New York, north of 13th St. Common stock
authorized is $5,000,000; issued $3,000,000. Dividends on preferred
N. Y. office, 15 Broad St. (V. 57, p. 7 2 0 ; V. 59, p. 28, 291.)
in 1891, 3% p. o.; in 1892, l ^ p . o.; in 1893, 4p . o.; in 1894, Jan ., 1 p. o.;
nQ uicksilver Mining;.—Owns quicksilver mines a t NewAlmaden, April, 1 p. c.; July, 1 p. c.; Oct. 1 p. c Russell Sage, Vice-President.
cal. The preferred stock is entitled to 7 per cent per annum, non
Sterling Iro n & R a ilw a y .—See S upplement of March, 1894.
cumulative’ and any surplus goes to the common and preferred equally.
Street R a ilw
an d Illu m in
g Properties.—O
table shows the result of operations of this company tio n .—Organized a y 1893 to enable a tinGeneral Electric to rg an iza ­
in
the
fund its
at different periods, the to tal quicksilver production of California floating debt, its stock being offered to the General Electric stockhold­
having decreased from 33,760 flasks in 1887 to 22,904 flasks in 1891. ers. The $12,000,000 of notes receivable and interest-bearing stock
Flasks
Quicksilver, Value
Total
Total
and bonds it was calculated would yield a yearly income of about
Year. I
produced.
value.
per flask. earnings.
profit.
$400,000. As the notes and other securities are liquidated, the pro­
1887....... .. 20,000
$774,389 16 $38 72
$825,793 $345,411 ceeds will be applied to cancellation of the principal of the p referred
1890.......... .. 12,000
620,007 96 51 66
688,010
281,535 stock, to be draw n for paym ent a t a premium. When the pref. stock
.. S.ZÛ0
324,718 19 39 60
341,179 def. 57,523 has been canceled, the rem aining asset s will stand to the credit of the
1892.!'.'"'
5,000
179,022 00 35 81
192,315 def. 74,273 common stock. See V. 57, p. 217, 298, also term s of tru s t deed in
Div id e n d s .—On common, in 1881, 24i per cent; in 1882, %; nothing General Electric item V. 57, p. 722. The pref. stock is being redeemed
since. On preferred—In 1881, 9 ^ ; in 1882, 6; in 1883, n i l ; in 1884 , and canceled. Sept. 21, 1894, $2,965,600 pref. was outstanding. D iv id e n d s .—On pref., 1894, Feb., 3 p. c.; Aug., 3 p. c.
i qoa l ?85’ 1111; in 1886>2%; in 1887, 3 ; in 1888, 6%; in 1889, 3 ; in
1890, February, 3, 1 ^ ; May 1 , 1 ^ ; August 1, 1 ^ ; in 1891, Jan. 2,
Sugar T ru st.—Se e A m erican Sugar R e p in in g Company .
i-*fl; June 2, l ’i. New York office, 20 Nassau street.
Sunday Creek Coal Com pany o f Colum bus, O hio;—Or ­
ganization , P r o p e r t y , et c .—An Ohio corporation for m ining and
E q u ip m en t Com pany o f M innesota.—Owns equip­
ment costing over $1,500,000, which is leased to the Chicago St. Paul & m arketing m ineral coal, m anufacturing coke, etc., its property con­
Kansas City Railway Company a t a re n ta l which is to be more than sisting of about 14,000 acres of coal lands in P erry and Athens coun­
w o o l i i to Pay th® interest on the bonds, to retire $50,000 bonds ties, Ohio, with improvements thereon; also dock property a t West
l Qrii t Par an<^ redeem the balance of the issue a t m aturity in Superior, Wis. Full statem ent to N. Y. Stock Exchange in V. 56, p. 503.
t&rf: H68® 6 is to beeP tlle property in repair. Stock paid in $996,500.
®
Sto ck .—Preferred stock, $1,500,000, entitled to 5 per cent per annum;
Dividend—3 p. c. paid Nov., 1892; in 1893, 3 p. c.; 1894, May, 3 p. c.
common stock is $2,250,000; par, $100.




14 S

INVESTORS’ SUPPLEMENT.

I Vol, L1X,

Subscribers w il l confer a great favor b y g iv in g Im m ediate notice or an y error discovered in these Tables.

MISCELLANE 0U8.
INIDEREST
Bonds—Princi­
Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes on of
P ar
When
Stocks—Last
Outstanding Rate per Payable
first page of tables.
Bonds Yalue.
Cent.
Whom.
Dividend.
len n . Goal I. <tBR. Go.—Common stock $20,000,000.........
$100 $19,850,000
Preferred stock (8 per cent cum ulative).........................
100
1 ,000,000 8 per an. J. & J. N. Y., 4th Nat. Bank. Ju ly 15,1893
•Consolidated m ortgage......................................................... 1881
1,000
25,000
M. & N. N. Y., Mechanics’ Bank, Nov. 1, 1901
6
South Pittsburg Purchase, 1st m o rtg a g e......................... 1882
1,000
121,000
6
F.
A. N. Y., Fourth .Vat. Bk. Feb. 1, 1902
Alice Furnace Co., Alabama, 1st m ortgage.................. c” 1882
1,000
300,000
A. & O. N. Y., Mechanics’ Bank.
7
1902
P ra tt Coal & Iron Co., Ala., 1st M., s. f., not draw n. ...c* 1883
1,000
675,000
M. < N.
7
fc
do
do
Nov. 1, 1903
Birmingham. Ala., Div., con. M., g., s. f. 1%, not d’rn..c* 1887
1,000
3,482,000
6 g. J. & J. N. Y. Hanover Nat. B’k Ja n . 1, 1917
Tennessee Div. bds, gold, s.f. 1*2%yearly, n o td r’n ...c* 1887
1,000
1,296,000
6 g. A. & O. N. Y.,4th National Bank Jan. 1, 1917
4 De Bard. con. M.,gd.,guar.,s.f. $30,000 y’ly,not dr’n .c ’' 1890 500 &c. 2,056,500
6 g- F. & A. N. Y., N at’l. Park, B’k. Feb. 1, 1910
l Eureka Co. bonds............................... ...............................
400,000
A. & O. Cincinnati, Merch.N.Bk.
7
1904
Cahaba 1st M., $1,100,000 gold, gu., s. f., red. a t 110. .c* 1892
1,000
1 ,000,000
6 g. J. & D. N. Y.,4th N ational Bank. Dec. 1, 1922
Texas Pac. L and Trust—“Certificates of propriet’y in t’st” .
100
9,193,500
Third Avenue By. (N. Y .)—Stock $7,000,000.......................
100
7,000,000 See text. M.
N.
New York.
May 16, 1894
1st mortgage, gold...............................................................c 1887
1,000
5,000,000
5 g- J. & J. N. Y. .Farm ers’L. &Tr. Co July, 1937
Trenton helaware B ridge.- 1st M., gu. p. & i., Pa. R R _
_
1,000
350,000
7
J. & J. Phila., Penn., RR. Co. July, 1917
Trenton Potteries.—Common stock............................... ........
100
1,750,000 See text.
N. Y., A. M. Kidder & Co. Feb. 1,1893
Pref. stock, 8 p. c. cum.—See term s in ed’l May,’93, Sup .
100
1,250,000 8 pe r an. Q Æ
.
do
do
See text.
Trow Directory Printing & Bookbinding—Stook common.
100
750,000
Preferred, 8 p er cent cum ulative......................................
100
750.000 See text. Q.—F.
New York.
See text.
Twin City Rapid Transit—Stock ($20,000,000 authorized)
1,000 15,010,000
Minneapolis St. R’y Co. 1st M., gold, red. yearly a t 105. 1880
1,000
370,000
7 g. M. & N. N.Y., Farm . L. & Tr. Co. Nov. Ï , 19io
Second mortgage, gold............................................... e*&r 1883
1,000
600,000
N.
6 g. M.
do
do
Nov. 1, 1913
1st con. g., $5,000,000................................................... c*<fcr 1889
1,000
4,030,000
do
do
5 g. J15& Jl5
Jan. 15, 1919
St. Paul City Railway Co., 1st consol, mortgage, gold... 1884
1,000
680.000
6 g. A. & O.
do
do
Oct. 1, 1934
Cable consol., M.,gold, p a rt guar, by T. C. Rap.Tr.Co.c* 1887
1,000
3,482,000
do
do
5 g• J15&J15
Jan. 15, 1937
Debentures, gold................................................................. 1890
1,000
1 ,000,000
6 g. M. & N.
do
do
May 1, 1900
Union Perry—Stook..... . . . .......................................................
100
3,000,000
Co. office, Brooklyn.
Q J.
Oct. 1. 1894
D iv id e n d s .—Preferred in 1892 was paying l ^ p . c. semi-annually.
Third. A venue R a ilw a y , N. Y .—This company owns a street
I n 1893, Feb., l 1 p. e.; Aug., none; 1894, Feb., 3 p. c.; Aug., none.
^
horse railw ay from Park Row, New York City, via Third Avenue, to the
Oper a t io n s .—Output has been—In 1889, 581,501 tons; 1890, 557,- Harlem River, 8J4 m iles; and a cable road from M anhattan Street,
North River, to 125th Street, Harlem River, with branch 5% miles
458 tons; 1891, 619,988 to n s ; 1892, 648,172 tons; 1893,678,891 tons.
miles double track. Extensions to 116th St. and also
Net income for 1893, after paying taxes, &c., $112,884, against $84,- total, 14Ship Canal were projected in March, 1894. An increase of across
stock
153 in 1892; interest on bonds, $24,000; re-investments, $26,702; sur­ Harlem
from $5,000,000 to $7,000,000 was made in 1893, to cover cost of lay­
plus for 1893, $62,182; dividend, 1 ^ p. c. on pref., $22,500. Total ing a cable on Third Avenue line. Operation of cable began on Dec. 5.
surplus Dec. 31,1893, $62.950. Y. 56, p. 502. N. Y. office, 40 Wall St. 1893. See Y. 56, p. 128. Paid dividends of 11 per cent in 1889 and
Susquehanna Coal.—Owns coal property a t Nanticoke, Luzerne of 12 per cent in 1890 and 1891; in 1892, 7 ; in 1893, 4 per c e n t;
Co., Pa. Pennsylvania RR. owns all the $2,136,800 stock and guaran­ jn 1894, May, 4 p. c. In year ending June 30, 1894, gross earnings,
$1,777,971; net, $737;713; surplus over interest, taxes and rentals,
tees the bonds principal and interest. Dividends, 6 per cent.
$428,202; dividends, $420,000; to ta l surplus, June 30,1894, $232,093.
Tennessee Coat Iro n & Railroad. Com pany.—This company In 1892-93, gross, $1,657,538; surplus over interest, etc., $352,139.
owns blast furnaces, coal mines, iron mines, foundries, <fco., and coal —(V. 55, p. 4 6 1 , 723, 857; V. 56, p. 128, 502, 700; V. 57, p. 4 6 7 ; V
an d iron lands in Tennessee and Alabama. The total area of mineral 59, p. 371.)
lands and rights owned and controlled in 1893 was about 400,000 acres,
T liu r b e r -W h y la n d .—See American Grocery Co.
of which 274,000 acres are in Alabama and 126,425 acres are in Ten­
T ren ton Potteries Com pany.—Organization , E tc .—Incorpo­
nessee. Of the latter 58,135 lie in Cocke and Green counties, in the
rated under laws of New Jersey in May, 1892, to take over and con­
eastern portion of the State on the borders of N. Carolina. Blast fur­
naces Jan. 1, 1893, numbered 17, and daily output of coal 13,000 tons tinue the business of five Trenton, N. J.. pottery companies which
On Dec. 1 9 , 1 8 9 2 , the Cahaba Coal Mining Company was absorbed, were then supplying, it was said, about 75 per cent of the country’s
its property consisting of some 4 4 ,0 0 0 acres of coal and iron lands total output of sanitary plumbing ware.
situated in the counties of Bibb, Shelby and Jefferson, Alabama, with
D iv id e n d .—On common stook in 1893, February, 5 per cent. On
an output of about 8 0 0 ,0 0 0 tons of coal per a n n u m . V. 5 5 , p. 6 0 , 4 6 3 . preferred regularly to June 11,1894. September, 1894, dividend on
An amalgam ation with the De Bardeleben Coal & Iron Company was preferred was not paid.
consummated in September, 1892. Merely a formal existence is re­
A nnual R epo rt .—Fiscal year ends December 31. Total surplus
tained by the De Bardeleben Co. and the Cahaba Co.
Jan. 1, 1894, $146,046. Profit for 1893, $178,447; paid preferred
Stock . - Common stock authorized, $20,000,000. The am ount o u t­ stook dividend, 8 p. c., $100,000; surplus for year, $78,447. F irst
standing was increased by $10,850,000 in 1892 to purchase the DeBar- report (for 7 ^ months to December 31,1892), was in V. 56, p. 288, and
deleben, Cahaba and Excelsior companies. N. Y. Stock Ex. Sept. 17, showed net earnings, $216,534; expenses of administration. $11,435 ;
1894, reports $19,842,800 listed. (V. 55, p. 463.) Common and pre­ dividends (4 per cent on preferred and 5 on common), $137,500; bal­
fe rre d receive same dividends after each has received 8 p. ot.
ance, surplus, $67,599. See adver. in Ch r on icle June 11,1892. A. M.
D iv id e n d s .—On common in l8 8 7 ,l p e r cent, and none since. On pre­ Kidder & Co., 18 Wall St., N. Y., Fiscal Agents. (Y. 56, p. 28 8 .)
ferred, from 1889 to 1893 inclusive, 8 percent per annum ; January, , T r o w Directory P r in tin g & B o o k b in d in g .—Organized in
1894, none; July, none.
1891 under laws of New Jersey to carry on the business of the Trow Di­
B onds .—The two issues, known as the Birmingham Division and rectory Co., established in 1786, and of Trow’s Printing & Bookbinding
th e Tennessee vivision bonds, are each a lien on their own property, Company, established in 1826. See advertisem ent in Chron icle of
as described in the mortgage, and a second lien on the property of Ju ly 18,1891. Quarterly dividends of 2 per cent (8 per annum) were
th e other division. The total authorized issue of the Birmingham paid on preferred stock regularly until 1893, when on account of certain
Div. loan is $5,000,000 [of which $540,000 bonds have been cremated] uncollected claims (V. 59, p. 117) the February dividend was deferred.
and of the Tenn. Div., $1,400,000, of which $104,000 are in the sinking None paid since. Stockholders’ committee appointed in July, 1894.
fund. The consolidated 6s due in 1901 are exchangeable a t p a r for D ir ec t o r s . —Robert W. Smith, President, N. Y. City, W. H. Bates,
bonds of the Nashville Chattanooga & St. Louis Railway Company held Franklin W. Hopkins, G. P. Morosini, M. R. Lawrence, S. D. Page and
by the Central T rust Company. The De Bardeleben mortgage is for E, M. Barnes. Y. 59, p. 117.
$3,000,000, of which $96,000 canceled by sinking fund, $400,000 in
T w in C ity Rapid. T ran sit.—fSee Map.)—This company, w ith a
tru st for E ureka bonds and $447,500 in treasury. The De Bardeleben
of which $15,000,000 has been
and
bonds were assumed by the Tenn. Coal A Iron, under term s of pur­ capital of $20,000,000, company’s treasury, owns, controls issuedoper­
$5,000,000 is still in the
and
chase. See Y. 56, p. 604. De B. C. & I. first 6s listed on N. Y. Stock ates, under exclusive charters, all the street railw ay lines of the two
Exchange in Sept., 1894, for $2,056,500.
cities, Minneapolis and St. Paul.
F loating D e b t , E tc .—On Jan. 31, 1894, total floating debt w as
The entire system now consists of 218 miles of standard gauge road,
$1,814,796 (against $2,994,435 Jan. 31,1893), of which $907,500 bills of which 212 miles is electric and 6 miles cable, all of which has been
payable and $761,758 due from sundry creditors on open account recently built or rebuilt, and thoroughly equipped. A double track elec­
Total quick assets, $2,417,311 (against $3,883,177 in 1893), of which tric line, 9 miles long, connects the business centres of the two cities.
$559,000 treasury bonds, $671,597 salable p a rt of inventory and $ 1 ,B onds .—The Minneapolis Street R’y Co. jointly and severally with
•022,494 due from sundry debtors on open account.
the Minneapolis Lyndale & M innetonka Railway Company has issued
E arnings .—
Net.
Int., rentals,die.
Balance.
$5,000,000 (which includes $970,000 held in tru st by the Farm ers’ Loan
$358,200
def. $104,200 &Trust Company to redeem the $970,000 prior lien bonds) 5 per cent 306 months,
>1894.......... $254,000
Feb. 1 to Ju ly 31.) 1893.......... 413,400
361,800 sur.
51,600 year first mortgage and first consolidated mortgage gold bonds.
The St. Paul City Railway Company has issued $4,280,000 5 per cent
A nnual R epo r t .—Fiscal year ends Jan u ary 31. Report for 1893-94,
given a t length in V. 58, p. 715, 734, gave earnings of the several divis­ 5 0 y e a r cable consolidated bonds (including $680,000 held by the
ions separately. For the whole property reports have shown as fol­ Farm ers’ Loan & Trust Company, trustee, to redeem the $680,000 prior
lows : Bessemer Div. included in ’92-93 for 11 and Cahaba for 7 months. lien bonds above) under a mortgage lim ited to $5,500,000. Under
the mortgage these bonds can only be issued against the actual cash
Year end. Jan. 31. 1891.
1892.
1893.
1894.
$15,000 per mile. Part
Total net profits.......$663,890
$692,071
$923,551
$685,031 cost of construction, under a mileage lim it of ent of Twin City R T. Co
these consols are guar.
In terest oh bonds... 355,956
351,193
547,893
655,074 ofThe Minneapolis Street p. and 1. by endorsem
Railway and St. Paul Street Railway have
Misceli, interest, &c. 18,033
8,885
5,589
84,129 each issued
Rapid Transit
per cent
Dividends.................
80,000
80,000
80,000
40,000 indebtedness to Twin City $1,000,000, total,6$2,000,000,certificates of
(of 1893) for
whose re-pay­
Totl disbursem’ts. $453,989
$440,078
$633,482
$779,203 m ent covers five years from Jan u a ry 1,1894.
Accounts , E tc . , P a y a b l e — On Dec. 3 1 , 1 8 9 3 , the Minneapolis and
Balance, surplus.... $209,901
$251,993
$290,069 def.$94,172
St. Paul companies had outstanding bills payable aggregating $ 3 5 5 ,Total undivided surplus Jan. 31,1894, was $1,228,257.
3 7 5 , against $ 1 ,0 1 9 ,7 6 2 for both companies August 1 , 1 8 9 3 ; notes and
DiRECiORs—D. Roberts, M. E. Lopez, J. E. Adger, T. H. Aldrich, W. accounts receivable were $ 1 4 3 ,5 0 3 . There were also outstanding mort.
Percy, J . C. Haskell, T. W. Myers, W. 8. Gurnee, John H. Inm an, C. C, notes of the Minneap. Co. for $ 9 7 ,1 0 0 and of the St. Paul Co. $ 1 7 ,5 0 0 .
Baldwin, Jas. T. Woodward, A. M. Shook, A. T. Smythe, T. T. Hillman,
A ssets .—The assets Jan. 1,1894 (not including the franchise or right
A. B. Boardman, N. Baxter, Jr., H. F. De Bardeleben; President, N.
Baxter, Jr.; Secretary and Treasurer, Jas. Bowron. Office, Nashville, of way), were $14,208,422, of which $2,633,142 was real estate.
E arnings .—8 months,
Tenn.—(V. 55, p. 463,551,810; V..56, p. 247, 403, 465, 539, 580, 7 1 0 ,
1894, gross, $1,306,171; net, $699,100
Jan. 1 to Aug. 31.
7 9 1 ; V. 58, p. 556, 7 1 5 , 734; V. 59, p. 476.)
1893, gross, 1,499,054; net, 622,100
A nnual R e p o r t .—Report for 1893 in Ch r onicle V. 58, p. 865,
T exa s P a cific L a n d T r u st,—The certificates of this T rust repre­
showed results on the entire
sent the ownership of the lands form erly belonging to the Texas & Pa- spent for improvements and property. During the year $750,167 w as
equipment.
oiflo Railway. The trustees of the land tru st are Messrs. Charles J.
Year—
Or. earnings.
Net.
Interest, etc.
Bal. sum .
Canda, Simeon J. Drake and William Strauss, of New York. On Jan.
1,1894, there remained to the tru st 3,058,255 acres of land. $353,- 1893............... $2,164,925
$738,589
$622,299
$116,290
186 deferred paym ents and $214,378 bills receivable. Cash, $8,197. 1892............... 2,136,658
738,436
497,871
240,565
The liabilities w ere: Proprietary certificates, $9,207,400; outstanding
Fiscal Agents, J. Kennedy, Tod & Co., 45 Wall Street, N. Y. (V. 56. p.
Texas & Pacific Railway, Eastern Division, land securities, $334,134; 4 6 1 ; V. 58, p. 865.)
'
due Central T rust Co., $68,000; vouchers unpaid, $21,250. In 1893
U nion F e r r y . —This company operates five ferry lines between
*®o7,rere 80ld 9> acres and 66 town lots for $29,409, against sales
604
of $24,413 in 1892. Rentals received from grazing lands, $33,251. New York and Brooklyn. Capital stock is $3,000,000; par $100. The
Sales of 2,059 acres for $5,559 were canceled in 1893. New York mortgage covers all the company’s property, including 19 ferry­
Office, No. 1 1 Pine Street.
boats, real estate, etc. F irst dividend of new company (1 per oent)
was paid J an. 2,1894; in April, 1 p. o.; Ju ly 1 p. c.; Oct., 1 p. o. Presi­
T e r m in a l R R . A ssociation o f St, L o u is.—See R ailroads . dent, W. H. Male.




14»
MISCELLANEOUS STOCKS AND BONDS.
S e p t e m b e r , 1894.




1 9 0

INVESTORS* SUPPLEMENT.

[V ol . LIX,

Subscriber» w il l confer a great favo r b y g iv in g Im m ediate n otice ot an y error discovered In these

MISCELLANEOUS.
Date Size, or
For explanation oi column headings, &c., see notes on of
Par
first page of tables.
Bonds Value.
Union Ferry■
(Concluded)—
1st M., gold, red. at 110 after Nov. 1.1 8 9 5 ................
1890 $100&c
Union Pacific Coal Company—1st m ortgage..................... 1890
Umted States Book—1st mortgage, gold.................. .."
c 1890
United states Cordage—Guar. 6 p. c. stock, $6,000,*000.
100
Preferred stock, 8 p. e., $8,000,000..................
100
Common stock, $20,000,000......................................
100
Underlying liens oh Security and Union miiis ...............
Var.
Consol. M., $7,500,000, gold (s. f. 1897 draw n 105). c* 1894 100, &c.
T rust certificates for $875,581..................................
United States Express—Stock..................
100
United States Leather—Piet, st’k $60,000,000, cum. S n’c’
100
Deb. for $10,000,000, g.,s.f., 4 p. c., sub. to call a t llO.c* 1893
1,000
United States Mortgage—Stock.......................
100
1st mort. tru st bonds, “ A” gold, red. after 1898’ ’ c*&r 1893 100 &c.
/
_ ..do
do
“ B” gold, red. after 1 899... c ‘&r 1894 100 &c,
United States Rubber—Common ($25,000,000 authorized)
100
Preferred ($25,000,000 authorized) 8 p. c. non-cum
100
Wagner Palace Oar Co..... ..............................................
Wells, Fargo < Co. Express—Stock........ ............................
6
100
Western Transit Co —Bonds gu.p.&i.by N. Y C. ext. in ’94 1884
1,000
Western Union Telegraph—Stock
100
Beal est. bds., g., (hen on W.U.Bldg., N.Y.C.’is.’" (not’dr.)’ 1872
f
1,000
Debentures (if drawn, surrender is optional).. . c &r 1875
1,000
Debentures, sinking fund 1 p er cent, draw n a t 100
c 1875
Collateral T rust bonds......................
r> 1888 ÄlOO&c
*
1,000

Tables.

INTEREST OR DIVIDENDS.
Bonds—Princi­
Amount
pal, When Due.
Outstanding Rate per When Where payable and by Stocks—Last
Cent. Payable
Whom.
Dividend.
$ 2,200,000
M. & N
5.000.
000 I e1.000. 000
J. & J
6 S-

6, 000,000
8, 000,000
20 , 000,000

1.336.500
6.163.500
See text.

10, 000,000

m

6 , 000,000
2, 000,000
1, 000,000

1, 000,000

20,166,000
19,400,500

21, 000,000
8 , 000,000

1.500.000
95,370,000
1.211.000
4.920.000
770,840
8.353.000

6
8

N. Y., H. B. Hollins.
In default.

Nov. 1, 1920
May 1, 1921
1910

6’
Var.
1894 to 1901
6 g- J. & J. N.Y., M anhattan T rust Ja n 1 , 1924
See text. M. "& " . N. Y., Office, 49 B’way. May 15,1894
n
6 g- M. &”n . N. Y .,ParkB k.; Boston. May 1, 1913
J. & J. N. Y., Guar. & Ind. Co. July, 1894
F. & A.
do
do
Aug. 1, 1913
M. & N.
do
do
May 1 , 1914
New
ì per an. See tex t N. Y., H.B.Hollins&Co. Ju ly 14,1894
M’thly.
N. Y. Office.
Text. J. & J. N. Y., Office, 63 B’way. Ju ly 16, 1894
4*2 F. & A.
1,
See text. Q .-J . N. Y., Office, 195 B’way. Feb. 15, 1903
Oct.
1894
M. & N. N. Y., Union T rust Co. May l , 1902
I * M. & N. N. Y., Treasurer’s Office. May 1, 1900
M. & S.
1,
I*' J. & J. London,Morton,R.& Co. Mch. 1, 1900
N. Y., Office, 195 B’way. Jan.
1938

U nited States Boole Com pany.—No reorganization plan pre­
r&
Jam
sented to March, 1894. N. Y. Office, 310 to 318 Sixth Avenue. See v 6< Josiah T. Tubby, Brooklyn, N. Y.; Treasurer, 145; es R. Plum, N
Y. City. N. Y. Office, 26 Ferry Street. (V. 57, p. 23,
V. 58, p. 384.)
S u ppl e m e n t of July, 1893.
t e d States M
,
S*a t e s C o r d a g e .—Organ iza tio n .—Incorporated Dec 20, 1 (J “ l company passedortgage Co— Chartered in 1871. In January
1893,
under new control.
y
1893, under laws of New Jersey to succeed N ational Cordage.
Stock .—Capita,1 stock is $2,000,000; par, $100. Surplus and undi
the Plan (given in full in V. 57, p. 900) all the property of the
old National Cordage, the 8 mills of the Security Corporation (form- vided profits June 3 0 ,’94, $705,574. D iv id e n d s .—I n 1894, July, 3 p. c.
erly lcaiscd till 1911 to National Cordago) and tlio 6 Union Mills wer©
B onds.—In Aug., ’93, $1,000,000 first mortgage bonds tru st “ A” were
acquired. In all 22 mills are owned or controlled, among wliicli issued, secured by deposit w ith m ortgage trustee of first mortgages on
are those of L. W aterbury & Co., Wm. Wall’s Sons, the Boston, Stand­ improved real estate “ m am ounts a t least equal to the am ount of
ard¿Sewall &Day, Chelsea, etc. The num ber of spindles controlled is
In May’ 1894’ 9eries “ B” bonds w ere authorized
6,104, representing it is said about 66 per cent of the m anufacturing f o r $ l OOiHMxf111^
capacity of all the cordage mills in the United States.
U nited States R u b ber.—Org an iza tio n and P r o p e r t y —Or.
Stocks.—The guaranteed stock (for $6,000,000) is entitled to diviiaw? of
Jersey in Ootobei,>!892, for the m anufac­
dends (cumulative after Jan. 1, 1895), before anything is paid on comand
mon or preferred. I t was issued to retire the Security Corporation ture of rubb erb o o ts nine shoes, etc., and either owned absolutely or per
m anently controUed
out of the
then engaged in
bonds, and beginning w ith 1896 it is proposed to set aside $100,000 this busmess. i n c i t i n g the Americanfifteen concernsBoston, the Cam
Rubber Co. of
annually out of the net profits, before paym ent of any dividend on
?-aven’ fkg. Goodyear
common stock, for its redem ption; can be draw n a t 105; has prefer­ Real estate, machinery, lasts, etc., were Rubber Co. tof Naugatuck, etc.
appraised a $5,0557000; other
ence over preferred and common stock in case of liquidation.
assets, m anufactured goods, bills receivable, etc., a t $6,491 900 Ap­
Thepreferred is for $8,000,000, of which $5,000,000 given for like plication to N. Y. Stock Exch. in 1892, in V. 55, p. 1039 • also 'see V
am ount of old preferred (assessed 20 per cent) and $ 3 ,000,000 issued 56, p. 539. In May, 1893, the Woonsocket Rubber, Marvel Rubber and
to represent the assessments on common and preferred. Preferred Lawrence Felting Companies were absorbed, $5,851,400 preferred and
stock has preference in case of liquidation, and dividends are cumula­ the same am ount of common stock being issued therefor, and $149 000
tive after Jan. 1,1896.
preferred and $323,400 common were issued in August for stock of
The common stock ($20,000,000) was issued for a like am ount of Colchester Rubber Co. and Rubber M anufacturers’ Selling Co.
National Cordage common upon paym ent of 10 p. c. assessment.
Stock .—Preferred stock has preference as to
earnings,
8ei)V
Y. Stock Exchange had listed—Common, $17,003.- and no bonded or mortgage debt oan be createdassets andconsent in
without
300; preferred, $6,568,560; guaranteed 6 p. c., $6,000,000.
writing of holders of three-fourths of each class of stock. Common is
118,9 executed a mortgage for $7,500,000 entitled to all surplus after eight per cent on preferred. See wording
(United States T rust Co., trustee), of thirty-year 6 per cent gold bonds of pref. certificate in editorial of May, 1893, Su ppl em en t .
for $100 or $ 1,000 each,’ dated Jan. 1 , 18947 and secured upon aU its
D
n
May
property, including stocks and bonds. Under the agreem ent with the ber,iv id em d s .—Dividends on preferred were payable Ju ly ;and Novem­
but October,
1894, Jan.,
Security bondholders its lien is to extend over the eight Security mills 5*3 per cent; Ju ly 41893, changed to January and
per cent.
’
(Boston^ Standard, New Bedford, Lawrence, Middletown, Chicago, Ohio
E arnings .—The annual statem ent (V, 58, p. 681) gives no earnings,
and American), and when the Union Mills are acquired it will be a
but contains a balance sheet of Mar. 31,1894, showing bills and accounts
mortgage upon twenty-two mills in a l l ; the new bonds will have sink­
ing fund of $100,000 per annum after Jan. 1,1897. Of bonds $1 441 - S
b ] d u e to im ese., $349,527! a g a in s tW s and^accolnts
000 were reserved to pay underlying liens on the Sec. and Union Mills. receivable, $576,095; mdse, on hand, $1,156,498; cash, $103,956.
D ir ec t o r s .—Joseph Bannigan, Charles A. Coffin, Samuel’ P. Colt.
Trust liquidation certificates for $875,581 were issued to pay p a rt of
the floating debt. To secure these certificates there were pledged ac­ Robert D. Evans, Jam es B. Ford, Charles R. Flint, J. Howard Ford.
counts receivable and personal assets of the National Cordage Co. esti­ Robert M. Gallaway, William H. Hill, Henry L. Hotchkiss, H. B. HolGeorge H. Hood, Charles L. Johnson, Jam es P. Langdon, George
m ated to be w orth $1,711,762. The certificates will be liquidated as
rapidly as possible.
dwl?, A‘ Le^ris’ ^ c - Martin, Frederick M. Shepard, Richard C. Sibley, George W atkmson, John J. Banigan, William L. Tren­
General Finances .—Under the reorganization plan the cash con­
1»
N. Williams, W alter S. Ballou, George
The
tributions paid by old common and preferred stockholders amounted t o 11 1 Samuel President, Joseph Banigan; Treasurer,W. Allerton.Flint.
Charles R.
to about $2,500,000, which will be used as working capital. In Mav officers are;
1894, new securities listed on N. Y. Stock Exchange. (See V. 58, p. 8 20. ’ T O o y ^ f r 5 ? f p El f f i | teJ I 7 p .(i 8 U - P- 1036' 1039' v - W. PD irectors of U. S. Cordage Co.—F. K. Sturgis, President; William
W agn er P a la ce Car Co.—Owns and operates the W agner cars in
H. Corbin, Vice-President: Rudolph Keppler, W. W.
e.F C
Young, G. G. Williams, W. B. SewallKFrancis Smith, Valentine p ! use on m any of the m ost im portant railroad systems of the United
Snyder, John Scott, E. Thalmann, G. H. Gossler, H. A. Herrold, John ot3il6S. V• 0*7f p. 360.
L W aterbury, New York. Sec’y and Treas., W. C. Lane. Office, 135
E arnin g s .—Year > 1894, gross, $4,263,259: net, $1,439,556
F ront Street. (V. 57, p. 1083,1124; V.58, p. 816, 820; V. 59, p. 154.)
ending June 30. 5 1893, gross, 4,108,589; net,
759,429.
T n I *«‘l States Express.—In September, 1887, the stock w as in­
W elis, F arg o E xpress.—No annual reports or information. In
creased $3,000,000, raising it to $10,000,000, and the Baltimore & Ohio March, 1888, this company bought the E rie Express of the New
Express was purchased. Business on the Lehigh Valley system was York Lake Erie & Western Railroad Company. Dividends of 8 par cent
acquired in February, 1893 and on the Chicago Milwaukee & St. Paul yeariy were paid for m any years, but the semi-annual dividend paid in
in February, 1894. Dividends since 1880—From 1881 to 1887 inclu- July, 1894, was reduced to 3 p. c. Stock was increased $1,750,000
^ Per cent; in 1888, 5; in 1889 5. In May, 1890, 2; in November, Jan u ary 1,1894, to $8,000,000. New issue given to Southern Pacific
2 , in 1891, May, 2; then none till November, 1892, 2; in 1893 4 n n • for express privileges for 21 years. (V. 57, p. 684; V. 58, p. 82.)
in 1894, May, 2 p. c. (V. 56, p. 207; V. 58, p. 224.)
ft 1
’
"Western T ra n sit C o .—Owns the piers in Buffalo, N. Y., fleet of
f e a t h e r . —Organization , ETC.-Incorporated Feb. 19 steam ers and also the barges used by. the N. Y. Central on the Great
25,1893, under the laws of New Jersey to take over the properties and g ^ 8aaa AAAa lu a * ^ * estate ln Buffalo. The N. Y. Central owns
eai
pusiness of a large num ber of concerns for m any years engaged in the j its $1,000,000 capital stock.
tanning and sale of sole and belt leather. Assets, it is sa il, am ount
to a t least seven times the am ount of the debentures, about 40 per cent „ W e95‘lr n CI.nl<)1 T e l e g r a p h . —Chartered under the laws of New
n,
representing real estate and the balance hides, bark and other personal York S tate on A prd 4,1856. On Jan. 19, 1881, was dated the grand
property. V. 56, p. 757; V. 57, p. 23. Commenced business May 2,1893. consolidation, m which the W estern Union raised its stock to $80,000.Sto c k —The capitalization consists of $60,000,000 of 8 per cent 000, giving par, or $15,000,000, for the stock and bonds of the AmeriUn.,
cumulative preferred stock, issued for actual property, exclusive of oan Uffion> 60 per cent in new West. West.for old A t. & Pac. stock and a
per cent to
Union shareholders
good will, and $60,000,000 of common stock. See wording of pref cei> stock distribution of 48^ issue of $5,000,000 of stock was m ade in pavIn November, 1887, an
tificate in editorial of May 1,1893, Supplement .
m en tfo r the telegraph system of the Baltimore & Ohio Telegraph Co.
B o n d s —The debentures were issued to furnish working capital. I t is
« » ^ ^ ^ n n ff$ -i8«i2AA1
AAAtAAAboiderXv£ted to lllcrea90 the stock from
Provided in the certificate of incorporation and in the by-laws th a t no $86,200,000 to $100,000,000, of which $8,620,148 was then paid as
£ ^ heXdel3entu/ es or, 1)011(19 (excepting the $ 10 ,000,000 debentures of scrip div. to represent surplus earnings expended on the property? Loans
93) and no m ortgage bonds can be issued by the company unless bv the and bills Payable June 30,1893, $1,902,380, against $1,846,885 in ’92.
consent of 80 p e r cent of the preferred stock outstanding a t the tim e ;
$550’°9.° stock was issued for purchase of American
and it is agreed m the debentures th a t if any mortgage is p u t upon the Rapid Tel. Co. lines, until recently operated under lease
property this issue of debentures shall be equally secured pro ra ta by
D iv id e n d s .—In 1887 2 per cent; from Oct., 1888, to Oct., 1894, in­
ft. Sinking fund 4 per cent of issue yearly, the debentures to be pur­
cent per annum. In
an extra
chased or drawn a t 110. See adv. in Ch r o n ic l e of May 6,1893 and clusive, 5 percent was paid and on January, 1890, stock div.dividend of
% of one per
Dec. 3,1892, a
of 10 p. c.
application to N. Y. Stock Exchange V, 57, p. 23.
B onds.—The collateral tru st bonds of 1888 (trustee, Mercantile Trust
D ir ec t o r s , E tc .—Thomas E. Proctor, Mark Hoyt, Jam es Horton,
Company) are issued to retire an equal am ount of stock and bonds of
Vailv ^ ormT Schultz, E dw ard R. Ladew, Jam es R. Plum!
a11
i f ™ 0? c - Costello, Je rry Crary, Lewis H. Lapham, Nehemiah W. various telegraph and cable companies for the interest or dividends on
Union
Rice, Joseph H. Ladew, Lormg R. Gale, Charles G. Rice, H enrv B be held as W estern for the Company is iiable, these when so retired to
security
new bonds. On Ju n e 30,1893. the following
S i f t
^ • ^ i 10a<iX’ Gurdon B. Horton, Samuel P. Davidge', stocks were pledged for the collateral tru st bon d s: Gold & Stock TeleH i e o (n ^ i / i rli t’aYllllanl
Humphrey, A. Augustus Healy, Charles graph, $981,200; International Ocean Telegraph, $1,885,400; N. Y.
^.aniel T*S te r n s , Charles M. Vail, Frank H. Goodyear. Ed$2,380,400; and bonds, M utual Union Telegraph,
w ard C. Hoyt, Jam es H. Proctor. Officers include: President^ Thomas
these being included
E. Proctor, B oston; F irst Vice-President, Mark Hoyt, Brooklyn • 6s, $3,043,000, following statem ent. in the am ounts owned by the
company m the
y




S e p t e m b e r , 1894.]

MISCELLANEOUS STOCKS AND BONDS.

151

Subscribers w il l confer a great fa v o r b y g iv in g Im m ediate n otice o f an y error discovered In these T ab les.

Ronds—
Princi­
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,When Due.
Date Size, or
Amount R ate per When Where payable and by Stocks—L ast
P ar
For explanation oi column headings, &c., see notes on of
Dividend.
Whom.
Bonds Yalue. Outstanding Cent. Payable
first page of tatoles.
Westinghouse Electric & M anufactur’g.—Old com. stock...
Assenting sto ck .. . ................ ................................................
F irst pref. ($4,000,000) stock, 7 p.c., cum. (see rem arks).
U. S. Electric Light Co. bonds ($50,000 paid yearly)---Old scrip for dividend........ ..................................................
Wheeling Bridge < Terminal. By—1st M., gold.............. c*
&
Second mortgage (income till March, 1892), gold..........
Wheel. L. Erie & Pittsb. Goal—1st M., gold, red. a t 105..c*
Whitebreast Enel—Common stock, $1,200,000.....................
Preferred stock, $800,000................ -..................................
Scrip for preferred stock dividends 1893-’94..................
Gen. M., (now 1st) gold, s. f., $30,000, drn. a t 110.c*&r.
Iowa & 111. COal 1st M., gold, guar., s. f., red. a t 110. .c*
Winona Bridge—1st M., gold, s.f., red. a t 110 aft. Mar ’98.
Henry B. Worthington (Pump)—Common stock......... ........
Preferred as to assets and dividends 7 p. o. cum...........

$50
50
50
1889
1890
1889
....

1888
1890
1890
—

1,000
1,000
1,000
100
100
1,000
1,000
1,000
100
100

$179,150
5.165,481
4,000,000
550,000
194,560
2,000,000
1,500,000
927,000
780,000
520.000
41,600
480.000
560,000
385,000
5,500,000
2,000,000

■

. ..

7 per an. Seetext. N. Y., Office, 120 B’way
6
M. & S. N. Y., 120 Broadway.
6 g. J. & D. Dec. ’91 coup, la st paid.
None paid.
6 g. M. & S.
5 g- J. & J. N. Y.,M ercantile Trust.
See text. Seetext. N. Y., Office, 18 B’way.
See text.
8 per an. F. & A.
N. Y., Office, 18 B’way.
6
6 g. J. & D. N. Y., A tlantic T rust Co.
do
do
6 g. J. & D.
5 g. M. & S. N. Y., J. W alker & Son.

Oct. 1, 1894
In 15 years.
Sept., 1900
Dec. 1, 1939
Sept. 1, 1940
Jan. 1, 1919
Oct. 1, 1891
Feb. 1, 1894
June 1, 1908
June 1, 1920
Sept. 1, 1915

7 per an. M. & N. N. Y., Guar. & Ind. Co. May 1, 1894

tions and additions to buildings and m aintaining m achinery and tools
in high order. Total to credit of income account as per balance sheet
March 31,1894, $3,822,049; accounts payable, $311,750; bills pay­
able, $814,234; bills receivable under discount, $528,551. On May
16,1894, bills payable were only $380,575.
• D irectors .—Brayton Ives (Chairman of the Board), Charles Francis
Adams, Lemuel B annister, August Belmont, N. W. Bumstead, A. M.
Byers, Marcellus H artley, G. W. Hebard. H enry B. Hyde and George
Westinghouse, J r President, George Westinghouse, Jr.; Vice-Presi­
dents, Lemuel Bannister, George W. H ebard; Treasurer, P. F. Kobb6.
N. Y. office is a t 120 Broadway. (V. 56, p. 8 7 4 ,9 3 2 ; V. 58, p. 8 1 4 ,
867.)
W h eelin g B rid ge & T erm in a l H a llw a y .—Receiver’s certifi­
cates for $75,000 authorized to complete extension Wheeling to Benwood, 3 miles, which was finished in May, 1894. See Supplement ,
November, 1893. Stock .—Authorized $1,500,000; par, $100. No
reorganization plan in July, 1894. C. O. B rew ster is receiver.
W h eelin g L ak e E rie & P itts b u r g C oal.—See Supplement
of November, 1893.
W hitebreast F u e l.—Owns 10,690 acres coal land in fee in Bureau
ITDividends increase ^ p. o. yearly to 6 p. c. in 1898 and afterward. County, 111., and M arion County, Iowa, and leases in perpetuity 1,650
acres coal land in Fulton County, H I, and a t Marysville and
L atest E arnings.—Earnings for 3 months ending Sept. 30 were as Swan, Marion County, Iowa, and leases till 1907 the property
follows. (See Y. 59, p. 476.)
of the Iowa and Illinois Coal Company (21,700 acres coal and. 500
3 mos.
Net revenue. Interest.
Dividends.
Surplus• acres surface) and guarantees its bonds. See application to
1894, June e s t... .$1,800,000 $243,500 (1 * %) $1,192,000 ff$364,500 New York Stock Exchange in full, Chronicle , V. 45, p. 676. The Iowa
4
1893, actual........ 1,749,615 243,262 (1M%) 1,184,992 321,361 & Illinois Coal Co.’s bonds are guaranteed as to both principal and
Nominal surplus Sept. 30,1894, $6,822,133.
interest. They are redeemable $20,000 yearly a t 110, and on June 1,
1907, the whole issue may be paid a t same rate. R eport for 1890-91
IT Purchased Am. Rapid Tel. Co. w ith 5,500 shares of stock, leaving was in V. 53, p. 367. Total stock authorized, $2,000,000. The August,
deficit of $185,500 for quarter.
1893, and Feb., 1894, dividends, 4 p. c. on pref., were paid in. scrip.
Annual R eport .—Fiscal year ends Ju n e 30. Statem ent for 1892-93 The August, 1894, dividend was n o t paid.
was in Y. 57, p. 636. For year 1893-94 estim ated net, $5,844,316;
E arnings.—Ju ly 1 to Ju ly 31,1894 (1 m onth), n e t earnings $4,409»
surplus for year, $130,208.
against $4,171 in 1893.
In year ending June 30, 1893, gross earnings were $1,586,600;
1889-90. 1890-91. 1891-92. 1892-93.
net, including other income, $128,927; interest, rentals, etc., $91,181;
Year ending June 30.
$
$
$
$
dividends (8 per cent on preferred stock), $41,600; deficit for year,
Revenues for the y e a r... .22,387,029 23,034,321 23,706,405 24,978,443
Oper. exp’s,rent.,t’xes,&c.l5‘074,30416,428,74616,307,857 17,482,406 $3,854. In year 1891-92, gross, $1,064,630; net, $165,721. N. Y. Office,
,
18 Broadway. (V. 53, p. 3 6 7 , 881.)
Net profits................ .. 7,312,725 6,605,585 7,398,547 7,496,037
W in o n a B rid g e.—Owns bridge over the Mississippi a t Winona,
Dividends paid.................. 4,956,008 4,309,606 4,309,639 4,631,820 Minn.; leased to the Chicago Burlington & N orthern, W inona & South­
875,135
891,218 890,532
893,386 western and Green Bay Winona & St. Paul. Stock authorized and o ut­
In terest on bonds.............
Sinking funds....................
40,000
39,991
39,991
39,991 standing, $400,000; par, $100. The sinking fund begins March 1,
1898, after paym ent of 2*2 p. c. yearly on stock. E arnings in 1893,
Total disbursem ents.. 5,871,143 5,240,826 5,240,161 5,565,197 gross, $22,230; net, $17,213. Y. 53, p. 437.
Balance of profits....... 1,441,582 1,364,759 2,158,485 1,930,840
H en ry B . W o r th in g to n .—Organized In 1893 under laws of
The following table shows the property and business of the company. New Jersey to take over and carry on the extensive business of m an­
ufacturing steam pum ps and pum ping engines, established in 1845 by
Miles of Miles of No. of
H enry R. W orthington. The to tal assets áre said to be nearly double
Year. Poles&C’bl’s. Wire. Offices. Messages. Receipts.
Profits.
1866-67.. 46,270 85,291 2,565 5,879,282 $6,568,925 $2,624,919 the entire issue of pref. stock and the profits for three years p a st to have
1869-70.. 54,109 112,191 3,972 9,157,646 7,138,737 2,227,965 averaged $480,078 per annum, the am ount neccessary to pay th e divi­
1879-80.. 85,645 233,534 9,077 29,215,509 12,782,894 5,833,937 dend upon the preferred stock being $140,000. Company began busi­
ness
189091..187.981 715,59120,098 59.148,343 23,034,326 6,605,587 w ithout bonded or floating indebtedness, and no m ortgage can be
placed on' the property except by a vote of holders of 75 per cent of th e
189192..189.576 739,105 20,700 62,387,298 23,706,404 7,398,545
preferred stock. Dividends on preferred, 3*2 p. o. Noy., 1893; in 1894,
189293.-189,936 769,20121,078 66,591858 24,978,443 7,496,037
Office, 195 Broadway, New York City. (V. 56, p. 331,1016; V. 57, p. May, 3*3 p .c . (See V. 56, p. 234.) New York office, 86 Liberty St.
470, 6 3 6 , 639,1040; V. 58, p. 81, 263, 476,1036; V. 59, p. 116, 476.)
W estin gh o u se E lectric & m a n u factu rin g Co.—Organiza ­ NEW YORK AND BROOKLYN TRUST CO/S
tion .—A Pennsylvania corporation m anufacturing and selling dynamos
(See
156, 157,
158
this S
for isolated and central station lighting, m otors and generators for sheets, pages Chronicle . and 58, p.of131, forupplement for balance
and
V.
names of officers and
stationary work and street lailw ays, arc and incandescent lamps, and directors.
a general line of appliances used in the commercial applications of
electricity for lighting and power purposes. Statem ent to N. Y. Stock
Surplus & D ividends paid in 1892 & 1893
Exchange w as in V. 54, p. 763.
Capital .
Undiv’ed I
and date and amount.
Owns a valuable factory plan t in Pittsburg. I t operates, under lease
UOMPANJJfiS.
Profits
agreements, the factories of the United States Electric Lighting ComP ar Amount. ^11630,94 Period. ’92. ’93. L ast Paid. %
any a t Newark, N. J., and the factory of the Consolidated Electric
ight Company in West Twenty-third Street, New York City, in the
$
name of the Sawyer-Mann Electric Company,
—J. 12 12 Oct., ’94. 3
500,000 6 tI,7 9 4
A tlan tic .........
In 1891 by exchange of stock secured 14,624 shares of the United Brooklyn........ 100 1,000,000 1,494,517 Q —J. 20 20 Oct., 94. 5
100
Q
States Electric Lighting Company out of a to tal of 15,000.
C e n tra l.......... 100 1,000,000 5,666,018 Bi-mon 50 50 Sep., ’94. 5
The report for 1893-94 stated th a t work on the new m anufactory a t C ontinental. . 100 500,000 359,929 __ . .. . Odti, ’94. 1 ht
E ast Pittsburg had been begun in January, 1894. In 1893 the com­ Farm . L.
—F. 30 30 Aug.,’94. 5
25
pany was awarded the contract for the three 5,000 horse-power gener­ F ra n k lin & Tr. 100 1,000,000 4,263,192 Q.—J. 8
1,000,000 800,219 Q.
8 Oct., ’94. 2
........
ators now being constructed for the C ataract Construction Co. a t H a m ilto n _ 100 500,000 351,288 Q.—F. 3
6^3 Aug.,’94. 2
_
Niagara Falls.
In liqu idat ion. Nov., ’93. 2*3
100 500,000
Capital Stock .—The capital stock is $10,000,000; in treasury Kings County. 100 500,000 566,094 Q. —F. 6
6 Aug., ’94. 2
March 31, 1894, $328,034 preferred (which had been sold in May, Knickerbock’r 100 750,000 340,650 J. & J. 6
6 July, ’94. 3
1894,' and $655,369 assenting. All classes of stock have same LongI.L.&Tr.. 100 500,000 308,219 Q —J. 8
8 Oct., ’94. 2
voting power. The first preference stock carries cum ulative divi­ M anhattan ... 30 1,000,000 227,808 J. & J. 5
5 July, ’94. 2 *»
dends of 7 per cent per annum, w ith right to participate equally with M ercantile_ 100 2,000,000 2,011,505 J. & J. 10 10 July, ’94. 5
_
other stock after the same shall have received 7 per cent, and prefer­ M etropolitan. 100 1,000,000 1,033,279 J. & J. 6
8 July, ’94. 4
6 Aug.,’94. 3
ential as to principal. See wording of preferred certificate in edi N assau............ 100 500,000 192,106 F. & A. 6
torial of May, 1893, Supplement .
100 2,000,000 1,552,412 Jan. .... 6 Jan., ’94. 7
N. Y.Guar.&I.
D ividends .—On preferred stock an interim dividend of 1 per cent N.Y.Lf. I.&Tr. 100 1,000,000 2,423,134 J. & D. 30 30 June,’94.15
_ __ new May. 94. 5
was paid Feb. 1, 1892; in July paid 3*2 per cent; in 1893, Jan .,
; N.Y.Sec.&Tr. 100 1,000,000 1,056,162
8
4
July, 3*2 per cent; in 1894, January, 3*2 per cent. Dividends were People’s .......... 100 1,000,000 964,955 <-—F. .... 8 Aug.,’94. 2
5 July, ’9 4 . 3
100 500,000 298,462 J. & J.
J & J., but in April, 1894, a quarterly dividend of 1% p. o. was p a id ; Real E state...
6 Aug., 9 4 . 3
S ta te ............... 100 1,000,000 856,316 F. & A. 6
July, 1% p. e.; Oct., 1% p. c.
6 July, ’9 4 . 3
2,000,000 968,235 J. & J. 6
A nnual R eport .—Fiscal year ends March 31. Report for 1893-4 in Title Gu.&Tr.. 100
Q —J. 20 24 July, ’9 4 . 6
U io n .............
V. 58, p. 814, showed n et earnings from business $1,610,504; from U.nS. Mortgage 100 1,000,000 4,731,640 See Mi seel lan eous Co s
2,000,000 705,574
100
other sources, $30,304; total, $1,640,809; interest paid on bonds and
32 July, ’94.16
J.
100
scrip, $47,673; dividends on pref. stock, $257,213. The net earnings United States. 100 2,000,000 9,288,040 J. & J. 28^3 6 July, ’94. 3
& J. ....
500,000 446,162
are given after charging to operating expenses large sums for altera- W ashington. .

L eased Companies.—Under leases the company aside from other
rentals pays interest and dividends as below. On June 30,1893, the
company owned the following amounts of the several issues included
below as outstanding: Franklin Tel., $632,900; Gold & Stock Tel.,
$2,425,000; Int. Ocean Tel., $1,908,500; N. Y. M utual Tel., $2,380,400;
Pacific & At. Tel., $1,457,500; M utual Union Tel. 6s, $3,043,000.
Int. or die.
Bonds
Lease
% Period, mature,
expires.
Amount.
Company, &c.
Q—M No bonds.
1932 $14,000,000 5
Am. Tel. & Cable stock.
Q—M No bonds.
300,000 4
Empire& Bay State, st’k
1989
F ranklin Tel. stock.......
1975 1,000,000 2ia M&N No bonds.
Q—J No bonds.
Gold & Stock Tel. stock. Ja n .,1981 5,000,000 6
M&N May 1,1895
500,000 6
Bonds $500, not mort.
000 Q—J No bonds.
6
Intem .O cean Tel.stock. Jan .,1981 3.000.
N.Y.Mut.Tel.stock($25) Feb.,1982 2.500.000 6
10 , 000,000 6g. M & Ñ M a y ,' Ï 9 Ï Î
M utual Un. Tel. 1 s t ..
J & J ------ -------Northw. Tel.stk. ($50).My7,1980 2.500.000 i
J & J Jan., 1904
1.180.000 7
1st mort, in t guar_
_
J & J No bonds.
4
000
Pac. .& Atl. stock ($25). 99 years 2.000.
A &0 No bonds.
948,875 5
Sou. & Atl. stock ($25).999 years

E




Id 2

BANK, GAS, INSURANCE AND HORSE RAILROAD STOCKS.

NEW YORK CITY BANKS.
(* Indicates State banks.)
(See officers, V. 58, p. 82, 83 and 130.)
R
C ompanies*
.

Capital .

Surplus

D ividends .

[v o l .

l ix

NEW YORK AND BROOKLYN FIR E INSURANCE COMPANIES.
Companies.

Net
DrVTDEi
Surplus,
Dec. 31,
Par. Amount. 1893.* 1891. 1892. 1893. L ast Paid.
$
; $
50 400,000 138,818 10
10
10 Ju ly ,’94. 5
25 200,000
44,286 6
6
Ju ly ,’94. 3
25 200,000
53,242 11
10
10 Aug.,’94.
20 300,000 160,578 6*2 6*2 3*2 Ju ly ,’94. 5
100 500,000
22,110 3
6
3 J a n .,’93. 3^8
3
100 1,000,000 1,576,595 14
14
15-4 Ju ly ,’94. 7-7
40 300,000 609,988 10
12^2 10 A pr.,’94. 7*2
100 200,000
24,541 6
3 Ju ly ,’94. 3
50 200,000
22,760 10
10
10 Ju ly ,’94. 3
100 1,000,000 1,655,835 20
20
20 Ju ly ,’94.10
50 1,000,000 960,333 10
10
10 Ju ly ,’94. 5
50 200,000
5,075 8
8
6 Ju ly ,’93. 3
25 200,000 117,575 10
10
10 Ju ly ,’94. 5
15 150,000
1
3
32,397 6
6
50 1,000,000 219,320 10
10
10
5
100 3,000,000 519,935 10
10
10
5
20 150,000 165,508 12
12
12
50 200,000 228,291 10
10
10
50 500,000 303,419 10
10
10
’94. 5
25 350,000
16,136 6
6
6
'94. 3
25 200,000 198,012 11
10
10
’94. 5
20 150,000 148,289 11
10
10
94. 5
50 1,000,000 161,437 10
10
10
94. 5
25 200,000
68,419 10
10
10
94. 5
25 200,000
18,078 6
6
6
94. 3
25 250,000 100,693 10
10
10
94. 3
10 300,000 327,471 10
10
10
94. 5
50 250,000 597,390 20
20
20 July, ’94.10
Capital .

Pai Amount. dates, t Period 1892 1893 .[ Latest. %
$
$
$
America* .. 10( 3.000.00C 2,144.301 ) J . & J
8
8 J u ly ’94. 4
A m erican...
.. 10( 5,000,00C 2,303,60i »M. «SsN
7
7 M ay’94. 3*2 Bow ery.......
i* 10< i 250.00C 319,801 »...........
B roadw ay. .
.. 10( 250,00C 543,90C|J . & J 12
12 J u ly ’94. 6
Citizens’ _
_
B roadw ay. 2£ 1,000,00c 1,551,80« J. & J 16
..
14 J u ly ’94. 6
Com’nw’l t h .
)r 21 300,00C 265,40< J. & J
8
8 J u ly ’94. 4
Continental.
C entral. .. 10( 2.000.00C 502,80C>J. & J
7
7 J u ly ’94. 3*2 E ag le ...........
C hase... .. lo t 500,00C 1,162.80C J. & J 10
10 J u ly ’94. 5
Empire City.
.. 21 450,000 963,50C Q.—J. 16
16 J u ly ’94. 4
_
F a rrag u t_
.. IOC 300,000 7,272.20C Bi-m’ly 150 150 Sept.’94.25
Citizens’ .
600,000 378,30C>J. < J
fc
7
7 J u ly ’94. 3*2 German Am.
G erm ania...
C ity ....:., .. IOC 1,000,000 2,890,70C M. & N 15
15 M ay’94.10
Globe...........
d in to n * . .. IOC 300,000
37,30( J. & J
5
2 Jan. ’93. 2
Greenwich..
Colonial*
100, oot
30,00( ..........
H am ilton. . .
.. IOC 300,000 264,30C J. & J
8
8 J u ly ’94. 4
H anover_
_
Commerce. IOC 5,000,000 3,499,20( J. & J
..
8
8 J u ly ’94. 4
H om e..........
1. IOC 1,000,000 211,40t J. & J . 7
7 J u ly ’94. 3
Kings Co_
_
.* IOC 1,000,000 1,183,10t F. & A 12
12 Aug.'94. 6
N assau........
.. 25 250,000 135,50t J. & J
8
8 J u ly ’94. 4
N iagara_
_
. 100 100,000
32,200
5
2*2 M ay’93. 2*2 North River
". 25 100,000 231,40t J. & J
8
8 J u ly ’94. 4
Pacific........
*. 100 250.00C 104,30C J. & J
Peter Cooper
Federal*.
100 ,00c
12,80C
Phenix........
F ifth .......
lo t 200,000 311,000 J. & J
6
16 July ’94. 8
Rutgers’___
. 100 100,000 1,018.20C Q.—J. 100 100 Oct. ’94.25
S tu y v esan t.
F i r s t ...
. IOC 500,000 7,301,00C Q .-J . 100 100 Oct. ’94.25
Unit’d States
Fourth.
. IOC 3,200,000 1,966.00C J. & J.
7
7 J u ly ’94. 3*2 Westchest’r .
;* 100 100,000
73,800 M. & N.
6 M ay’94. 3
Williamsb’g.
Franklin.
200,000
43.60C
. 50 1,000,000 1,602,400 A. < O. 12
fe
12 Oct.,’94. 6
* 50 200,000
55,00C
* Over all liabilities, including re-insurance, capital and scrip.
Garfield., . 50 200,000 537,200
n
* 75 750,000 273,100 F. & A. 7
Aug.’94. 3
Germ’n Ex. * 100 200,000 621,400 May.
16
16 May ’94.16
Germania*. . 100 200,000 603,100 M. & N. 10
*Diviclends and
10 M ay’94. 5
R ailroads.
Greenw ich’\ 25 200,000 177,800 M. & N. 6
6 May’94. 3
Par. Amount.
(For earnings, etc.,
H am ilton*. . 100 200,000
32,200
R ate %
$
Period
$
see Chronicle .)
Date,
H ’rl’m Riv. * _ Receiver appointe d in M ay, 1 894..
_
’92 ’93.
H anover__ . 100 1,000,000 1,901,200 J. & J.
t %
10 J u ly ’94. 5
r 100 500,000
83,900
Atlantic Av.(B’klyn) st’k
k
5C 2,000,00c ...........
Apr.,'94,1
Hom e*.
100 100,000
74,700 M. «s N. 6
S
6 M ay’94. 3
General mortgage g .... 1,00C 759,00C A. «s O 5
S
5 g. Oc. 1,1909
S u d Ri
* 100 200,000 169,100 F. & A.
6 Aug.’94. 3
Cons. M.., $3.000,000, g 1.00C 1,546,00C A. «SsO
5g. Oct. 1, ’31
Imp.tfc T
. 100 1,500,000 5,460,700 J. & J. 20
20 J u ly ’94.10
Imp. M., $1,500,000 g. 1,00C 1,500,00C J. «s J 5g 5g. Janl,1934
;.
S
5g
Ir v in g .. - 50 500,000 332,900 J. < J.
fc
8
8 July ’94. 4
Prospect P ’kDiv. mort 1,00C 420,00C J. «s J 5
*t
S
5 J an. 1, ’95
L eather 1 . 100 600.000 531,100 J. & J. 10
10 J u ly ’94. 5
So. Brook. Cent. 1st M,
1
50C 125,00t F. «s A 7
S
7 Aug. 1, ’97
L iberty.
500,000 103,000
2d m ortgage__
50( 150,00t F. «s A 6
S
6 Aug. 1, ’97
. 100 300,000 510,900
7
10^2 Aug.’94. 2Lj
II
IOC 900,00t J. «s J l*î 1*2 Ju ly ’94, %
S
M anhattan * 50 2,050,000 1,923,000 F. & Â. 7
7 Aug.’94. 3 Lj
1st m ortgage...
. l,00t 700,00t J. «s J. 7
S
7 Janl,1900
Mkt & Fult.. 100 750,000 789,600 J. < J. 8
fc
10 J u ly ’94. 5 ” 5’way & 7th Av.—Stockfi
U
loo 2,100,00t Q.—J. 10 10 J ’ly,94,2*2
Mechanics’ 25 2,000,000 2,060,000 J. & J. 8
8 J u ly ’94. 4
1st m ortgage...
. 1,00C 1,500,00t J. «s D. 5
S
5 June,1904
Mech. < Tr 3 25 400,000 403,300 J. & J. 8
fc *
9 J u ly ’94. 3
2d m ortgage...
. 1,00t 500,00t J. «s J. 5
S
5 July, 1914
Mercantile, . 100 1,000,000 1,100,600 J. & J. 6
6^2 J u ly ’94. 3*2
B’w’ySurf.-lstM .,guar 1,000 1,125,00t J. «s J. 5
r
S
5
M erchants’ 50 2,000,000 964,300 J. & J. 7
7 J u ly ’94. 3*2
2d M., int. as rental.. 1,000 1 ,000,00c J. «s J. 5
S
5
Merch. E x. 50 600,000 148,100 J. & J. 6
6 J u ly ’94. 3
So. Ferry RR. IstM.gu,L l.ooc 350,00C A. < 0. 5
fc
5 Ap.1,1919
Metropolis* 100 300,000 744,700 J. «s D. 11
S
12 J ’ne ’94. 6
B’y«fc7thAv.Con. .M.,g 1,000 7,650,00c J. < D.
&
Mt. Morris*. 100 250,000 314,600 J. & J. 6
5g.
6 J u ly ’94. 3
See Brooklyn Queens tfo &
Murray Hill* 50 100,000 401,700 Q .-J . 16
16 July ’94. 4
10 1200000C Q.—J. 8
923
Mutual* ...
200,000
60,600
lstCon.M .,red.l916.c* 500 «fee 6,000.00C J. «s J. 5
*
S
5
Nassau* ... 100 500,000 288,700 M. & N. 8
8
B’klyn Crosst’n 1st M.. 1,000 200,000 J. «s J. 5
S
5
N. Amst’m’ 100 250,000 164,500
Gr. St. & Newt’n 1st M 1,000 200,000 F. «s A. 5
I
S
1906
New York. 100 2,000,000 1,989,100 1 & J. 10
10 J u ly ’94. 5
Cal.Cem.G.P.&B.lstM 1,000 200,000 J. «s D. 6
I
S
6
100 200,000 556,400 J. < J. 8
fc
8 J u ly ’94. 4
New.Wmsb.&Fl’t.lstM 1,000 200,000 F. «s A. 7
I
S
7
1897
100 300,000 139,000 F. « A. 6
&
6 Aug.’94. 3
G.P.&Lorimer St.lstM 1,000 125,000 M. «s N. 6
I
S
6
1910
N in th ........ 100 750,000 369,200 J. < J.
fc
ìrooklyn City & Newt’n
l
100 1,000,000 Q—F 4
8
Nine’thW ’d 100 100,000
36,300 J. < J. 6
fc
6 J u ly ’94. 3
Consol. M., $2,000,000 1,000 1,900,000 J. «s J. 5
5
S
5
N. America 70 700,000 615,400 J. & J.
6
6 July ’94. 3
1
. 1,000 250,000 A. «s O. 5
S
5
O riental*.., 25 300,000 412,400 J. & J. 10
10 J u ly ’94. 5
Pacific* __ 50 422,700 479,600 Q.—F.
■ 1 See Miscellan eous C omp arde
8
8 Aug.’94. 2
]
P a rk ........... 100 2,000,000 3,081,400 J. «s J. 10
S
10 Ju ly ’94. 5
(
100 600,000 Q.—J. 7
7
25 200,000 259,200 J. «s J. 10
S
10 Ju ly ’94. 5
1st m ortgage.......
1,000 250,000 M. « N. 6
fc
6
20 1,000,000 447,300 J. «s J.
S
6
6 Ju ly ’94. 3
( Jent. Park. N. < E. I
fc
s
100 1,800,000 Q.—J. 5^2 8
P laza*.......
100,000 114,900
Consol, mortgage
1,000 1,200,000 J. «s D. 7
S
7
Prod. Exch. 100 1,000,000 335,200 A. < 0. 6
fc
6 Apr.’94. 3
( ’hristopher < 10th i
&
100 650,000 Q.—J. 8
8 ¿
Republic ... 100 1,500,000 926,600 J. < J. 8
&
8 Ju ly ’94. 4
1st mort., 5s, 6s & 7 s.. 1,000 210,000 A. « O. 5 «fcc 5 «fcc
fc
Riverside*.. 100 100,000
77,300
100 1,000,000 A. «SsO. 4
6
Seaboard... 100 500,000 225,300 J. < J.
&
6
6 Ju ly ’94. 3
1st m ortgage.. . . . . . .
1,000 300,000 J. «s J. 5
S
5 J
Second....... 100 300,000 572,400 r. «s j . 10
S
10 Ju ly ’94. 5
Certificate of indebt
1,000 200,000 J. «s J. 6
S
6 C
Seventh ... 100 300,000 112,400 r. «s j . 6
S
6
). D. E. B. & Bat.—Stock
100 1,200,000 Q.—F. 8
4*a î
Sherman*.. 100 198,800 n liquid ition.
New mort., gold, 1892 1,000 875,000 J. «s D. 5g. 5 g. 1
S
100 1,000,000 255,500 r. «s j . 8
S
8 Ju ly ’94. 3
Cert.of debt,sub.to call 6 p.cts. cxch’g’d for 5s.
S ix th .......... 100 200,000 342,400 r.-«s j . 12
S
12 luly ’94. 6
Do
not s’bject;
100 1,100,000 F. «c A. 5
S
5 I
Southern.... 100 500,000 567,700 r. «s j . 6
S
TEighth Avenue—Stock.
6 July ’94. 4
100 1,000,000 Quar. 17 13 J
State*........ . 100 ,100,000
19,900
Scrip.............................
100 1,000,000 F. «s A. 6
S
6 I
State of N.YV100 L,200,000 510,600 V «s N. 6
I. S
6 May’94. 3
4
100 748,000 Q-—F. 16 161g S
T h ird .......... 100 L,000,000 174,700 1 «s J.
S
Nil. lu ly ’90. 2*2
1st m ort, extend. 18931 1,000 236,000 A. «s O.
S
_ J
_
Tradesmens 40 750,000 153,200 r . «s J. 4
S
4 Ian. ’94. 2
4
100 2,500,000
Twe’f.Ward* 100 200,000 110,600
1,000 1,200,000 M. «s 8. 6
S
6 H
23d Ward*.. 100 100,000
20,200
2d mort, income 6s. [ 1,000 1,500,000 J. «s J.
S
.... J
Union.......... 100 ,200,000 279,500
sfew.
i
|See Me tropoiit’n 8t. R’y in Mis c
Union Sq,*.. 100 200,000 197,600
See Brooklyn Queens Co. «s 8
S
U. States_ 100 500,000 514,800 Q.—
_
J.
8
6 Jluly ’93. 2
I
-1st M,
5,000,000
W estern_ 100 2,100.000 238,200 .
_
ft ... j
6
tion.a.
100 30000000
West Side*.. 100 200,000 281,200 Jr. & j . 12
12 Jrulv’94. 6
T
V
-1st mort. 1,000 600,000 A. «SsO. 5
5 A
Yorkville.. *
100,000
60,500 .
’New
2d mortgage.
1,000 300,000 May.
.... »
Metropolitan T j_______
100 3OOO0OOO J. < J. 3 . . . . J
fc
Ninth Avenue—Stock...
100 800,000 Q.—
J. 4*2 6 J
NEW YORK AND BROOKLYN GAS COMPANIES.
Second Avenue—Stock..
100 L,862,000 Q.—J. 4*2 4 J
Gas Companies.
1st mortgage
1,000 L,600,000 M «SsN. 5
.
Dividends and Interest.
5 JS
(Brooklyn compan’s, Par. Securities Period.
D ebentures..
1,000 300,000 J. «s J. 5
S
5 J
afloat.
see Y. 56, p. 82.)
Sixth Avenue—Stock b..
’92. ’93. *Date. %
100 2,000,000 Q.—
J. 9
7^4 J
Third Avenue—Stock a
100 7,000,000 M «SsN. 7
.
4 jy
Beckton Construct. $100 $2,500,000
1st mortgage, gold...
1,000 5,000,000 J. «s J. 5g. 5g. J
S
Pref., (V. 56, p. 82) 100 2,500,000
Twenty-third St.—St’k.&
100 600,000 Q.—F. 0 L3Ja A
Brooklyn G.-L.—Stk.
25 2,000,000 M. «s N. 4
D ebentures.................. 1,000 150,000 r. «s j . 5
S
4
S
May, ’94.2
5 J
Central—S to c k ........
50
500,000 F. «s A 4
B’way, 1st M., g u a r... 1,000 375,000 r. «s j . 5
S
4 Aug'.i,’94.2
S
5 J
Citizens’ Gas-L. - s t k 100 1,750,000
Union Railway—Stock..
100 2,000,000
2*2 2 Aug., ’93.2
1st mortgage....... 1,000
250,000 A. «fe O. 5
1st mortgage, gold_
_ 1,000 2,000,000 ?. «s a . 5g. 5g. A
5 Apr. l , ’95-’05
S
Cons. ($750,000) g 1,000
500,000 F. < A. 5g. 5g. Feb. Í, 1940
fc
Westch. lstM . gu.p.<fci. 1,000 500,000 T. «s J. 5g. 5g,
S
1943
Union G.-L.lstM. 1,000
250,000 J. «s J. 6
S
6 July 1, 1905
Consol., gold... 1,000
250,000 J. < J. 5g. 5g. Jaii. li 1920
fc
Fulton Munic.—Stk.. 100 3,000,000 Q .-J .
8
8 Oct.15’94.112
Bonds, red. a t 100. 1,000
300,000 J. < J. 6
fc
6 J a n .l, 1900
Metrop. (B’kln)—Stk. 100
870,000 J.«SsD.30 6
8 J ’»930’94.4
* For stock ra te of dividends, for bonds ra te of interest, per annum,
1st m o rtgage........ 1,000
250,000 A. < O. 5
fe
5 Apr. 1,1898
M utual (N. if.)—Stk. 100] 3,500,000 J. «s J. 6*2 8 J ’ly lO ’94.5
t This column shows last dividend on stocks, and m aturity of bonds.
S
II Leased to Twenty-third Street.
Nassau (B’kln)—Stk.
25 1,250,000 Q .-J .
6
7 Oct. 1 ,’94.112
"Scrip.................... Var’s
■i In June, 1890, leased to Central Crosstown a t 8 per cent per annum.
700,000 M. «s N. 5
S
5 Co.’s option.
People’s, (B’kln)-Stk.
ITLeased to Houston West St. « Pavonia Ferry a t 10 p. c. per annum.
fc
10 1,000,000 Q.—M. 6
6 Deo.,1893.112
1st M. red. a t 100. 1,000
§ See Long Island Traction Company in “ Miscellaneous.”
400,000 M. «s N. 5
S
5
May, 1907
a —See “ Miscellaneous Companies.”
Debenture, 10-20s. Var’s
94,000 A. «s O. 6
S
6
Apr., 1900
W illiamsburg............
6 Leased to Houston West Street & Pavonia Ferry.
50 1,000,000 Q.—J. 6
6 J ’ly 23 ’94.1ia
1st mortgage
c Leased to H. W. S. & Pav. Ferry, etc., for 999 years. Rental 8 per
1,000 1,000,000 A « O. 6
fe
6
Apr. 1,1900
cent on stock till Oct. 1,1897: thereafter 9 per cent. See Y. 55, p 894.
This column shows last dividend on stocks, and m aturity of bonds.
d Leased to Met. Cross Town and Houa. West St. < P. F. companies
fc




S eptem

ber,

RAILROAD EARNINGS,

1894,]

MONTHLY EARNINGS OP PRINCIPAL
Jan,

Feb.

M arch .

A p r il.

M ay.

June.

J u ly .

1 0 »

RAILROADS.

A ug.

S ep t.

O o t.

N ov.

D ee.

T o ta l.

¥
<
¥
¥
$
t
$
$
$
¥
S
$
2,359,035 2,737,342 2.823.942 3,130,026 3.012.508 3.119,224 3.323.791 3.005.593 3,753.017 3,479.197 3,274,330 37,260,425
2.785.120 2.800.407 3,048.518 3.251,161 3,250.425 3,267,229 3,021,747 3,855,953 3.944,427 3.742.275 3.396.234 39,815,495
2,980,774 3,341,577 3,210,084 3,003,440 3.295,304 3.008,320 3,017,257 3,255,280 8,705,090 3,475,095 3,000,800 89>,pli,187
2,259,471 2,049,810 2,061,859 2,022,423 *2,099,854 1,852,018 *2,652,002
901,572 812,888 772.005 9.065.803
639.250 687,020 625.309 698.064 724.704 750.817 902.301 951,82
058.107 788,963 696,091
762,858 744,181 719.349 046,015 717,025 807,270 723,119 626,083 8,565,956
551,244 034,703 611,004 601,958 *500,433 543,333 *710,025
3,424,370 3,554,087 3.673.887 3,949.225 3.981.189 4,018.046 4,524,048 4.807.775 4,845.999 4.554,981 4,168.299 48,881,358
3.638,881 4,130,540 3,912,175 4,300,298 4,039.485 3,727,072 3,063,872 3,972,905 4,512,360 4,198,814 3,686,943 47,577,143
2.810,715 3,284,579 3,272,923 3,224,381 *2,066,29? 2,395,951 *3,368,027
1,709,920 1,845,180 1.943,240 1,905,300 1.999,003 2,219,077 2,372,159 2,322.948 2,303.791 2,119.008 2.242.344 24,945,182
1,934,079 2.090,590 2.054,952 2,059,800 2.095.639 2,086,556 2,415.112 2.015.629 2.339,607 2,138.538 2.199.657 20.093,180
1,846.000 2,205,104 2,070,828 2.104,848 2,232,129 2,112,071 2.220,997 2,320,220 2,312,721 1,985,890 1,803,047 +25,800,000
1,397,908 1,765,541 1,630,928 1,610,079 *1,673,520 1,823,240 *2,138,361
476,338 534,149 487.537 520.533 486.371 572.438 083,367 645.744 039.963 547.874 612,347 6.717.880
543,099 557,288 483,901 502,259 495.992 541,773 689,818 65*,0O4 638,271 538.307 571.425 6.810,012
555,305 581,042 520,302 517,858 534,044 537,106 594.226 590,220 577,334 *518,492 *530,04» 00,668,398
494,052 543,027 *469.020 ♦453,103 *453,767 *486,869 *594,877
180,355 218,390 240.302 242,943 236,309 222,338 200,705 257.250 280,945 225.982 240,41« 2.809,363230,399 230,000 285,494 268,592 254.642 277.206 286.621 290,611 309.322 282.913 251.568 3.204.205
232,949 274,089 321.080 307,951 303.850 317,310 310,4)0 290,982 280,183 270,908 255,097 3,393,157
94,807 119.851 271,151 *298,781
209,391 223,774 210,291
205,851 305.571 254,207 201,828 268,340 272,073 330,757 420.874 458.573 396.915 394.957 3,886.340
336.497 304,538 292.957 277.460 338.421 315,055 352,729 437.400 477.002 418.905 413,355 4.354.790
295,022 3)2,010 280,865 310,858 319,853 275,071 310,005 450,097 524,080 405,219 375,010 4,224,755
293,924 333,257 272,628 283,659 273,083 223,863 319,955
1,338,494 1,510,039 1,608,308 1.002.920 1,006,482 1,680,592 1,734,985 1.835.059 2.012.502 2,031.030 1,914.814 20,241,096
1,450,369 1,589,799 1,671.317 1,702,024 1,793.277 1.796.095 1.820.388 1,875.031 2,112.703 2,088.457 1.894,128 21.409,350'
1,200.323 1.508,402 1,599,214 1.005.542 1,890.873 1.803,287 1,873,026 1,918,324 2,104,821 2,048,397 1,633,884 20,962,316
1,154,252 1,382.119 1,301,471 1,450,489 1,453,083 1,517,609 *1,010,000
943,294 1,019,341 1,054,950 1,148.050 1,250.443 1.334.528 1.305.042 1,271,038 1,408,412 1,221,471 1,155,408 14,201,707
1,138,334 1.170,230 1,090.643 1,146,787 1.202.002 1,247.528 1.311.944 1,343.298 1,271.708 1,109.780 1,145,042 14,163,007
1,100,055 1,223,690 1,104,473 1,203,970 1,320,297 1,281.409 1,281,943 1,214,792 1,303,033 1,174,509 1,090,051 14,482,724704,001 895,258 912,383 1,009,446 t, 219,425 1,120,903
623,075 665,000 070,407 720,825 080.815 804,112 925.718 898,609 939.395 863.754 826,938 9,333.909
761,673 747,420 734,097 744,455 823,185 877,210 1.002.370 940,804 902,540 831.305 839.083 9.959,208
700,822 870,807 801 624 803,120 841,572 855,113 892,872 352,098 831,422 768,775 718,339 9,860,525
060,377 740,719 692,204 571,800 098,321 809,452 935,388
2,237,904 2,489,279 2.484.068 2,018.707 2.609,199 2,701.495 3,101,840 3,713,130 3,880.730 3.541.110 3,524,478 35.352,375
3,008,385 3.252.750 2,757,629 2,822,975 3,326.295 3,214.130 3.720,196 4,135,598 4,038.453 3,522.902 3.544,276 40,412,400
2,982,230 3,307,559 2,990,399 3,290,842 3,292,079 2,949,374 3,070,390 3,520,193 3,843,746 3,094,534 2,890,231 38,356.482
2,427,892 2,719,855 2,495,640 2,510,316 2,363,448 2,456,595
278,410 327,294 294,700 234.313 298,507 343,183 344,798 341.039 358,650 236,282 279,502 3.634.102
290,920 325.003 318.948 299,012 319,970 337,308 400.273 403,180 415.234 370.900 399,534 4,198,032
345,558 308,980 330,180 300,150 301,931 308,035 397,140 *428,235 *483,031 *341,543 *352,528 c4,488,225
*278,791 *281,024 *273,401 *170,040 *171,094 *214,748 *371,118
289,261 865,108 867,078 373.089 308,416 808.001 442,291 527,472 483.702 400,102 438,08) 4.785.780374,102 414,852 353.035 360.987 445,042 402.713 507,348 564,008 528.258 449,956 458.885 5,216,240
347,547 378,814 348,065 353,592 369,610 310,428 301,977 452,983 456,286 306,226 303,001 4,488,7c 6*290,100 337,857 282,049 272,278 254,92e *224,862 *360,441
1,878,993 2.131,893 2.105,500 2,097,548 2,147.014 2,309.552 2,307,000 3,093,009 3,470.856 3.214.162 3.092.049 29.860.837
2,304,102 2.741,041 2.428,017 2,251,019 2.584.77'« 2,710,999 2.760.012 3,109.375 3,553.520 3.340.281 3,138,9)3 33.349,613
2,161,446 2,706,356 2,044,658 2.540,294 2,747.979 e2,593,855 e2,407,843 e3,023,550 e3,922,058 e3,168,070 e2,534,174 33,005,571
e2,100,780 e2,515,797 «2,257,234 e2,259,714 e2,333.912 el,779,220 e2,493,070
1,707,841 2,029,078 2,023.432 2,131,002 2,375,595 2,503.123 2,747,108 3,180,213 3,278,597 2.792,881 2,585,817 29.314,072
2,200,183 2,498,069 2,356,214 2,535.790 2,970,238 2.796,631 3,002.525 3.207.880 3.304.420 2.874.653 2,001,057 32.770.962
1,978,550 2,480,017 2,305,007 2.818,836 2.912,241 2,609,422 2.002,076 53,325,121 53,079,740 02,677,974 52,592,259 32,291,170
52,182,082 52,428,963 52,177,409 52,508,315 2)2,440,044 52,208,198 52,750,557
1,022,872 1,219,803 1,207,815 1,281.798 1,287,692 1.370.919 1,058,452 1,847,489 1.739.477 1.559.633 1,482,967 10.842,404
1.321,438 1,403,388 1,336.421 1.250.890 1,470.910 1,475.417 1,935,840 2,170,799 1,915,240 1.583.990 1,533.168 18.701.050
1,334,705 1,558,608 1,393,052 1,010,757 1,717,164 1,542,114 1,802,712 2,118,589 2,143,294 1,539,303 1,400,958 19,541,520
1,234,787 1,611,074 1,373,370 1,370,774 1,223,097 1.018,436 l,540,7o0
457,246 550,411 570,050 578,012 576,274 050,562 080.329 802.312 977.373 831,445 817,781 8.050.731
037,598 747,878 028,505 572,404 768.987 720,682 788.483 870,831 1,028,972 965.394 872,089 9.232.912
600,530 718,559 599,216 037,853 055,385 550,203 561,803 768,417 990,830 845,291 740,114 8,328,929
550,958 614,035 511,921 601,973 010,200 408,046
331,702 347,302 343,422 832.022 343.404 392,508 375,543 387,320 407.483 360,327 303.620 4,338,202
346,595 359,338 304.302 302.537 873,205 348,754 359.748 4,210,700
368,942 342,103 328,098 344,901
319,827 374,105 324,579 343,016 343,614 330,230 311,088 307,048 342,00) 333,000 310,000 3,942,937
280,000 319,000 249,U00 247,000 251,000 203,000 292,000
193,050 181,509 180,705 1,932,924
148,199 154,837 150,099 150,308 144.456 158.519 148,800 150.651
1,790,848
160,787 143,457 129,989 133,090 134.873 141.983 145.003 151.273 165.554 105.513 109.082 1,778,959
148,123 101,480 131,279 144,791 139.829 131,027 121.720 121,244 175,000 186,000 160,000
95,000 102,000 100,000 119,000
110,000 119,000 100,000
735,945 671.252 098.419 668.718 642.544 059,820 720,478 098,540 705,990 889,514 831.960 854,635 8.850,340
1891.
680,212 762.033 078.327 030,001 654,304 055,005 708,739 695,023 704,053 785.282 707,200 802.090 8.630.724
1892. ............. (1,140 m.).
694,698 684,519 749.726 031,858 672,807 602,443 629,263 585,414 595,436 827,000 825,000 758,000 c8,319,046
1893.
483,000 497.0UÜ 506,000 578,000
644,000 569,000 624,000 495,00.
1894.
C l. C in C h i c , (fe S t . L .—
1891... (1.032 to 1,850 m.) 1,070,897 980,595 1.050,008 1.040.052 1.020.723 1,000,751 1.233.075 1,848,882 1,305,134 1,291,502 1,227.903 1,338,899 13.992,082
1,100,015 1,106,496 1,178.795 1.113.078 1,097.354 1.301,019 1.200,750 1,444,909 1.397,847 1,351,086 1,235,339 1,300,208 14.894.074
1892d.
1,000,760 961,899 1,202,446 1,108,971 1,184,755 1,208,103 1,205,252 1,207,142 1,237,763 1,250,460 1,100,039 1,110,076 13,789,605
1893d..
940.212 876,393 1,055,342 1,004,223 1,020,084 1,021,000 921,502 *1,214,474
1894d. .............(1,850 m .).
C o l. H o c k . Y . (fe T o l . —
209,277 178,170 220,440 250.079 231,504 282,150 318.856 332,134 348,523 335,484 287.587 293,098 3.293,925
1891...
247,599 221.030 234,804 285,929 287,204 278.677 277,500 306,334 322.581 316,410 294,004 290,734 3.372.580
1892... ................(329 m .).
278,427 248,508 275,522 270,830 245,411 322,347 303,008 210,301 307,997 321,117 256,320 218,442 3,270,362
1893 ..
180,589 *170,062 *219,500 *232,055 *104,880 *198,585 *208,254 *340,536
1894...
D en v , Á R io G rande8.484.408
1891.. .. (1.575 to 1,637 m .). 051,027 550,215 005,213 050,936 681,827 714,109 708.211 784.003 807,698 854.244 741,514 062,090 9,221,741
1392.. ..(1,037 to 1,040 m .). 720,842 701,993 698,733 624,080 085,495 775,285 770,576 943,408 825,740 815,561 848.699 803,229
1893.. . (1,640 to 1,657 m .). 748,016 670,278 731,800 052,834 757,717 747,189 478,891 484,248 578,86« 068,429 637,609 575,430 7,731,910
530,008 482,146 480,468 500,408 557,011 501,808 438,801 *015,500
1894 ................ (1,057 m .).
F l i n t & P e r e M a r q .—
253,905 226,330 280,794 259,469 214.450 220,074 225.111 239,558 245,150 250,800 218,540 254.364 2.900.024
1891.....................(027 m .).
242,108 250,270 307^539 230.412 218,590 212.009 210,032 225,434 237,704 240.808 235,015 204,272 2.880,714
1898.................... (030 m.).
230,291 203.125 283,302 203,615 233,611 243.009 225,992 206,099 210,013 214,385 189,804 190,272 2,725,238
1893 .....(030 to 039m.).
177,138 208,812 253,758 190,727 187,781 180,158 180.505 *205,207
1894 ................ (839 m .).
G t. N o r th ’n S y s t e m 793,703 050,020 882,531 903,331 1.024,956 1.026.244 1.001.318 980.511 1.500.859 1.808,918 1.880,495 1,518.779 14,173,078
1891*.
....(3,122 m .).
958,102 1,013,045 1,444,630 1,081.541 992,169 1.142,663 1,178,367 1.181.940 1,650,735 2,021,794 1,935,449 1.575.698 10,170,139
1892»..(3,192to 3,215m.).
1893*...(3,215 to 4,037 m .). 1,067,154 900,639 1,251,331 1,173,058 1,145,494 1,441,405 1,309,821 1,150,232 1,013,443 1,977,922 1,805,191 1,253,956 10,096,311
837,127 837,821 948,821 605,512 1,043,443 982,837 1,801,550 1,363,349
1894*.................(4,037 m .).
I l l i n o i s C e n t r a l .—
1891. ...(2,875 to 2,884 m .). 1,516,182 1,408,310 1,425,330 1,370,572 1,423,573 1,411,325 1,501,856 1,576,241 1,063,700 1,859,185 1,743,779 1,830,780 18.730,905
1892. ...(2,884 to 2,888 m .). 1,504,832 1,570,103 1,500,000 1.410,308 1.458,354 1.605.825 1,449.560 1,591,017 1,762.824 1.878.110 1,709,131 1.803,713 19,310,509
1893 ..............(2,888 m.). 1,540,595 1,462,194 1,607,131 1,512,998 1.739,507 1,952,406 1,789,736 1,908,856 2,170,817 2,068,313 1,872,008 1,730,319 22,040,970
1894 ..............(2,888 m .). 1,486,030 1,428,810 1,489,847 1,347,425 1,427,371 1,337,330 1,212,118 *1,477,757
I o w a C e n tr a l156,812 181,452 196.663 178,853 183,711 1.803,890
127,341 140,059 152,684 127.784 100.320 117,589 128.028
1891 ................ (497 m .).
165,807 189,700 198,018 169.080 183,343 1.924,395
173,956 150.262 14«,690 128,897 123,508 152.799 143,901
1892 ................. (497 m.).
152,659 139,209 171,220 131,001 155,147 158,299 131.378 146,433 177,721 201,300 176,040 181,308 1,922,501
1893 .................(497 m .).
149,950 151,051 156,125 127,094 124,242 105,142 127,047 *148,644
1894 ............... (497 m.).
L a k e E r i e & W e s t ’n —
313,820 3.273,355
1891 .................(722 m.).
251,998 226,835 253,454 230,952 251,429 238,455 307.003 316.464 295,893 308,555 278,491
285,279 203.325 270,075 202,135 253,003 202.391 300,166 353,225 348.219 344,905 293,580 310.170 3,558,483
1892 .................(725 m.).
271.008 289,204 334,909 294.816 302,080 307.785 282,978 300,540 310,850 286,030 254,918 270,240 3,512,621
1893.. ..............(725 m.).
1894. ................ (725 m .). 234.008 237.047 268,825 245,101 259,517 258,508 275,942 *353,894
L o u i s v i l l e (fe N a s h v .—
1,590,515 1,529,781 1,552,039 1.507.048 1,490,504 1,510.407 1,800,791 1.796,054 1.823,100 *1,963,028 1,821.043 1,791,151 20,247,527
1891.. ..(¿,«48 to 2,866 m .).
21.859,477
1892. ..,(2,800 to 2,943 m .). 1,581,584 1,784,656 1.758,407 1,026.027 1,707.078 1.710,190 1.834.271 1.917.875 1,907,125 2.038,152 1,950,009 2.030,897 20,474,032
1893.. .(2,943 to 2,955 m.) 1.857,009 1,817,508 1.892,514 1.075.503 1,701.013 1.713.843 1.8*7.209 1.523.033 1,480,559 1,619,552 1,734,117 1,074,850
1894............. ..(2.955m .) 1.054.010 1,481.127 1,058,489 1,397,709 1.431,409 1,544,8 9 *1,423.903 *1,083,735
•..........
$
A t. T o p . & 8 . F e S v s —
1891* .. (7,404 to 7,474 m .). 2,042,754
1892*...(7,474 to 7,481 m .). 2.779,939
3.051,503
1898*................ (7,481m .).
1894*.. (7,481 to 7,458 m .) , 2.477,510
S t. L . A 8 . F r . S * s .—
599,533
1892 .............(1,804 m .).
675,695
1893 ........ (1,804 m .).
574,113
1894. .•..............(1,804 m .).
A tc h . & S a n F r a n .—
3,379,472
1892.. (9,338 to 9,345 m .).
8,727,198
1893.............(9 ,3 4 5 m .).
3,051,623
1894..
(9,345 to 9.322 m .).
B a ltim o r e & O h io 1,903.453
1891.. .. (1,894 to 1,900 m .).
1892. ...(1,900 to 1,999 m .). 2.050,305
1893.. . . (1,99a to 2,053 m.) 1,840,076
1894..................... (2,053 m.) 1,541,169
B a l t . & O h io S o u t h w . —
511,219
1891/....................(9 1 7 m.)
594,875
1892/....................... (917 m.)
591,433
1893/....................... (917 m.)
496,951
1 8 9 4 /............,....( 9 1 7 m.)
B u fl. R o c h , dts P i t t s b . 191,422
1891.......................(294 m .)
230,891
1892 ........................ (294 m.)
215,090
1893........... (294 to 334 m .).
218,714
1894.. ................ (834 m .).
B a r l. C ed . R . & N o .1891.. ..(1,040 to 1,083 m .). 251,734
831,811
1892 ................ (1,083 m .).
824,047
1898.. ..-......... (1,184 m .).
302,161
1894 ................(1,134 m .).
C a n a d ia n P a c i f i c 1,365,221
1891.. .. (5,504 to 5,731 m .).
1892. ...(5,707 to 5,958 m .). 1,609.102
1893. ...(5,958 to 0,290 m .). 1,535.583
1894..
.. (8.290 to 0,827 m 1,390,755
.).
C e n t . ©1 N e w J e r s e y —
18910...........
.(024 m .). 1,089,190
974,305
18920.......................1024 m .).
18930..........(020 to 028 m .). 1,003,782
894,113
18940.......................(028 m .).
C h e s a p e a k e & O h io —
654,663
1891a... (931 t o 1,254 m .).
754,560
1892a...(1,254 t o 1,209 m.).
737.950
1 8 9 3 a .................(1,209 m .).
766,070
1894a...................(1,209 m .).
C h ic . B a r i . & Q u i n c y 2,329,830
1891...... (0,497 to 0,092 m.)
1892. ...(0,692 to 6,823 m.) 3.008,799
1893. ...(0,822 to 0,887 m.) 3,052,293
1894..................... (0,887 m.) 2,630,980
C h ic . (fe E a s t . I l l i n o i s 296,820
1891............(436 to 480 m .)
311,574
1 892.. . ...............(480 m.)
353,603
1893 ....... (480 to 515 m.)
*300,992
1894 ....................(515 m.)
C h ic a g o & G t. W e s t .302.260
1891 ....................(922 m.)
855,274
1892 ....................(922 m.)
373,031
1893 ................... (922 m.)
250,993
1894 ....... ....(9 2 2 m.)
C h ic . M l l w . (fe S t . P . 1,946,196
1891 .................(5,721 m.)
1892 ................ (5,721 m.) 2,420,917
189Se.. .(5,721 to 0,080 m.) 2,555,182
1894e................... (6.086 m 3 e2,154,823
C h ic . & N o r t h w e s t ’©—
1891. ...(4,258 to 4,273 m.) 1,893,407
1892..................... (4.273 m.) 2,236,702
18935. .(4.273 to 5,031 m.) 2,242,130
18945................... (5,031 m.) 52,109,315
C h ic . R . I s l . & P a c . —
1891*.. (3,409 to 3,450 m.) 1,097,487
1892*................... (3,456 m.) 1,292,545
1,380,150
1893*... (3,456 to 8,571 m.)
1,312,505
1894*...................(3,671m .)
C h ic . S t . P . M . & O . 1891.. ..(1,394 to 1,481 m .) 485,730
030,029
1892......................(1,481 m.)
1 893.. ..(1,481 to 1,492 m.) 054,728
693,005
1894 ................... (1,492 m.)
C ln . N . O . & T e x . P . 353,549
1891 ........
(330 m .)
819,457
1892 ..................(3 3 0 m.)
303,824
1893 ................... (886 m.)
297,000
1894 ................... (330 m.)
A la . G t. S o u t h e r n 159,665
1891 ................ (295 m.)
148,384
1892 ................ (295 m.)
152,454
1893 ................ (295 m .)
127,000
1894 ................... (295 m .)
W h o le E r la n g e r S y s

* Approximate figures.
+ Total here given for year Is based on estimated returns for some of toe months.__
„ „ „ „„„ _
* Includes Colorado Midland for all the years.
a Bltzabetht’n Lex. & Big Sandy, Ac., Included in the last half of 1391 and all of 1892,1893 and 1884
5 Includes Milwaukee Late Shore & Western after August 31,1893.
e Embracing corrections found necessary after monthly totals had been published.
; „ „ „„ , , .
.
. „ ..
d includes Cincinnati Wabash & Michigan since July 1,1891.
* From and after July 1, 1893, includes Milwaukee & Northern.
/ Includes Ohio & Mississippi for all the years.
0 Figures do not inolude New York & Long Branch Division.




154

IN YES TOE S’ SDPPLEMENT.

[V

ol.

LIX.

MONTHLY EARNINGS OE PRINCIPAL RAILROADS—(Concluded).
Jan.

Feb.

.).
.).
.).
.).

192,35 3
202,80 8
204,66 3
174,97 6 :

*
184,49 7
228,24 1
225,91 2
174,90 8

2
217,88 0
201,00 4
287,24 7
234,11 2

207,00 1
262,71 4
200,79 1
230,358

.).
.).
.).
0.

583,77 0
013,02 2
034,00 0
717,21 4

538,12 9
007,35 0
001,77 1
089,18 8

558,01 0
635,66 5
702,41 6
714,24 8

.).
.).
.).

•).J

109,70 0
126,92 5
120,95 8
122,46 3

112,37 0
161,79 2
126,37 5
125,22.3

.).
.).
.).
.).

713,70
622,65<
737,03
719,04

007,89 3
025,09 3
041,33 5
631,07

.).
.).
.).
.).

1,942,00
2,087.97!
2,2fi3,52<
1,838,5s'

1,882,32
2,200,00,
2,115,55
1,686,27]

.).
).
).
).

323,081
285.17Í
806,035
293,84

287,09!
308,41!
274,39!
250,73'

).
).
).
).

857,715
397,875
433,465
411,771
3,318,83'
3,321,800
3,456,344
3,171,097

1892..
1893..
M e x i c a n C e n t r a l-

1892.............

1893.
M o b il e & O h io —

1892..........

N . Ÿ . C . & H u d . K i v .1891.................(2, “
.).
).
).
).
N . Y . L . E r i e <& W .—
1891...(1.037 to 1,
).
).
).
1894...,
).

M arch

A p r il.

M ay.

$

June.

J u ly .

A ug.

S e p t.

O c t.

N ov.

D ec.

T o ta l.

230,91 5
258,49 8
298,57 3
233,00 4

$
239,29 9
285,17 5
331.64 2
247,17 8

$
272,37 0
294,25 7
317,00 1
220,17 0

1
$77,20 4
332,15 9
332,28 9
*282,93 7

»
291,828
328,27 7 ,
378,49 2
......

272,41 2
309,67 9
352,42 1

(
223,88 7
269,40 2
247,59 2

r,

230,97 Í
207,88 3
228,93 9

*"
2,840,021
3,300,102
3,469,553

591,84 6
059,84 9
725,37 9
090,20 0

571,49 5
670,83 2
712,74 3
784,30 1

544,08 9
619,97 8
082,23 5
692,74 0

037,81 5
853,07 7
580,38 9
635,81 1

004,37 3
830,14 7
039,89 S
*043,44 8

023,47 3
031,37 9
503,20 1
...........

793,84 1
772,00 9
720,99 1

054,95 7
719,2010
099,47 3

072,73
750,08!3
718,91

7,374,538
7,903,254
7,981,771

139,13 7
163,47 3
160,11 3
143,84 5

117,355
140,31 8
130,80 2
125,14 1

134,27 5
130,57 5
148,91 5
140,94 3

132,24 0
178,19
106,54 7
125,70 2

151,83 1
178,48 3
140,02 5
112,33 1

151,11 8
174,21 3
130.81 3
*161,12 8

200,75 9
178,30 4
102,07 2
...........

222,50 3
200,34 5
201,74 5

190,14 7
206,25 1
157,74 5

155,40'
179,19<i
132,55

1.822,840
2.022,002
1,785,205

051,85 5
031,39
668,12
744,19 )

682,48 3
718,92 3
886,0313
781,90 3

708,78
746,82
890,22
689,53

737,49
770,01 i
841,07
611,05

795,82 0
850,45 2
753,59 5
746,89

785,85
901,09
704,47
840,04

904,40
954,70«
950,05

9,731,120
9,838,075
10,370,327

1,929,37
1,958,42!
2,011,09
1,830,43

1,910,49
1,908.38'
2,119,90
1,857,82«

1,800,58!
2,088,92
1,928,15S
1,484,93!

1.951.27 1
2,132,54 4
1,800.81 4
1.503.27 3

2,314,11
2,662,85
1.832,37,
1,919,44

2,484,11!
2,703,12
1,998,87
...........

2,401,69!
2,400,98]
2,144,22$

25,880,818
27,084,062
24,989,839

294,15!
287,20'
286,12
281,32.

281,36
259,08
250,11
251,99!

270,17'
263,48«
290,42«
*200,014

250,654
248,09'
259,74!
*247,43£

266,33.
242,70
250,83
*211,37

233,87'
249,30!
207,134
*233,59«

277,07!
278,91$
225,394
...........

348.37«
292,37
302,11

327,58
302,58'
333,854

340,00!
327,73(
344,874

3,500,233
3,341,082
8,331,047

292,52!
434,70'
402,80
357,511

300,99,
419,49!
438,11
408,82<

299,33'
410,90
380,34«
864,99

305,37!
418,11(
414.37«
358,64«

806.35Í
400,98!
882,25!
350,28«

530,45
430.83!
411,09«
850,07'

493,35'
447,76!
350,93S
892,05S

479,95!
448,12'
353,541
...........

491,98«
473,23$
394,681

440,70S
425,04!
383,03'

434,68$
449,411
377,23!

4,739,442
5,156,572
4,727,479

3,020,38!
3,505.41!
3,285,055
3,008,991

3,383,97!
3,577,281
3,905,464
3,547,76'(

3,341,01«
3,035.84!
3,705,03!
3,272,78.

3,474.43"
3,643,40.'
4,001,01!
3,304,80!

8,571,805 3,713,43«
3,641,19! 3,798,03$
4,197,30! 3,920,231
3,337.99S 3,158,00!

4,040,50«
4,061,441
4,083,91«
3,894,488

4,128,05!
4,212,11!
4,221,701
...........

4,173,08!
4,289,87«
4,350,29!

4,040,98!
4,003.50$
8,897,43C

4,050,980
3,845,89!
3,580,187

44.264,061
45,590,888
46,710,573

2,172,271 2,054,40!
2.180.570 2,278.62!
2,194,865 2,100.485
1,748,034 1,547,357

2.291.28C
2,472,48(
2,044,05C
1,991,04t

2,234,035 2,449,43!
2,495.23! 2,617,60!
2,378,00! 2,501,61!
1,880,79C 2,024,20!

3,584,494 2.818.39S 2,946,268
2.742.72S 2.784,651 2,677,501
2,668,083 2,514,00C
...........
2,180,421 2,020,224
.......

2,935,31'
2,806,68$

2,895,28$
2,758,59$
2,722,11!

2,062,881 2,041,562
2,583,144 2,539,137
2,396,373 2,187,207

30,685,633
30,942.925
29,418,045

1,943,05 2
2,169,48
2,295,80
1,909,19

9

1,039,75 3 1,149,81 8
953,40
998,09
1,040,87 1
965,84
895,59 3 1,288,22 S 1,100,75 7
.......
2,735,28 8 2,479.82
2,738,32 2,567,50
2,287,12 2,212,57!

9

).
).
).
)•

211,800
201,288
207,488
257,098

200,029
217,821
241,796
223,805

230,204
251,916
314,196
283,366

228,08C
281,484
285,821
251,28!

240,30S
300,118
322,482
348,481

272,515
332,939
374,198
379,808

298,16!
351,38!
398,091
369,781

296,899
355,835
390,80*372.783

282,70!
308,201
343,230

293,05'
308,40!
308,823

255,195
279,594
325,289

247,889
280,717
208,920

3,050,787
3,473,700
3,901,140

)
)•
)•
)•
N o r f o lk & W e s t e r n —
)•
)•
•
)•
N o r t h e r n C e n t r a l—
)•
)•
>•
)•
N o r t h e r n P a c if ic —
).
).
1893*........ . ...(4
>.
1894.................>4
)•
P e n n s y lv a n ia —

115,088
113,932
114,598
125,303

101,535
113,851
104,391
105,904

108,302
120,759
135,102
137,075

126,933
134,939
143,728
125,884

145,747
151,591
189,003
151,388

155,373
155,002
105,153
157,501

157,705
160,430
164,407
144,895

149,743
102,557
158,812

158,124
163,932
155,470

159,151
168,484
108,580

143,792
149,819
103,241

135,030
118,549
139,757

1,050,523
1,713,911
1,782,908

695,503
700,202
083,747
788,154

625,634
770,092
705,418
653,588

720,135
774,249
940,932
816,155

703,052
788,320
928.015
748,298

704,819
709,552
929,314
932,808

702,797
781,234
829,395
916,114

780,770
800.834
802,509
843,074

828,923
933,460
818,888
*863,719

820,778
918,184
775,883

870,910
943,594
931,377

836,964
868,490
832,228

791,753 9,188,042
904,011 9,952,882
794,911 10,032,017

495,501
549,910
521,718
437,070

473,580
576,044
537,413
398,570

537,305
544,081
004,879
495,554

542,979
542,282
587,140
444,078

549,359
550,991
010,295
428,403

576,817
505,171
653,105
493,411

560,194
587,880
566,165
499,918

012,108
653,200
585,838
590,724

625,919
850,070
582,546

651,679
712,230
801,192

575,488
023,008
540,498

013,598
630,018
531,218

1893..

1,752,139 1,409,981 1,777,946 1,905,201
1,447,334 1,538,018 1,878,678 1,761,451
1,323,234 1,182,911 1,698,511 1,653,257
*944,793 *894,782 *1,114,122 *1,113,581

6.820,569
7,191,291
6,881,807

1,902,772 1,895,832 1,900,470 2,054,297 2,718,888 2,993,306
1,724,375 2,060,089 2,196.298 2,228,065 2,669,239 2,948,286 2,539,000 1,985,446 24,955,464
2,392,042 1,858,635 24,702,490
1,891,986 1,877,046 1,020,821 1,545,043
*2,218,100 *1,734,838 *1,212,328
*1,180,077 *904,719 *034,798 *1,723,103

.)

5,312,475
5,019,741
4,923,240
4,159,829

4.739.320
5,207,097
6.127,038
4.002.320

5,218,706
5,449,804
6,095,892
4,912,362

5,379,003
6,746,730
5,895,492
4,704,Ul6

5,385,252
5,079,245
6,001,287
4,247,308

5,440,655
5.592,835
5,782,402
4,102,281

5,079,782 8,212,375 0,159,557 0,408,180 5,094,725
5,578,672 6,226,007 0,098,024 6,290,883 6,017,282 5.790,829 67,420.841
5,934,923
5,552,047 5,471,977 5,394,510 5,480,275 5,288,152 5,302,845 68,841,843
60,375,223
4,759,325

. 1,712,090
1,727,214
1,505,781
1,394,295

1,470,917
1,788,774
1,831,347
1,279,018

1,551,400
1,820,593
2,059,025
1,514,844

1,610,320
1,701,441
1,889,975
1,475,269

1,779,222
1,829,209
1,904,059
1,628,230

1,820,849
1,917,296
2,024,719
1,997,307

1,930,874 1,903,775 2,124.981 2,246,919 1,950,357 1,881,522 22.049,212
1,881,253 2,022,646 2,164,922 2,248,219 2,003,156 1,968,307
1,867,378 1,890,207 1,940,596 2,127,430 1,947,872 1,752,512 23,073,090
22,012,991
1,779,014

1,443,701
1,532,041
1,882,049
1,584,382

1,145,647
1,778,028
1,918,971
1,480,070

1,354,963
1,750,960
1,974.607
1,247,510

1,305,690 1,523,333 1,883,421 1,879,483 1,947,729 2,348,289 2,873,133 2,419,943
1,784,423 21,489,780
1,030,304
1,971,337 1,902,049
1,433,781 2,054,637 2,Ò98,3ÓÌ 1,040,402 1,701,185 2,290,003 2,070,865 2,150,042 1,705,345
2,923,623 2,904,159 2,279,310
1,428,055 2,130,837 2,348,984 1,039,875

3,155,851
3,259,255
3(388,430
2,978,077

2,016,504
3,560,802
S,550,3 IS
2,759,088

2,906,303
3,571,559
4,033,892
2,782,354

2,916,023 3,302,555 3,484,270 3,818,337 3,911,504 4,473,230 4.920.052 4,370,300
3,065,945 43,538,994
3.331,745
3,993,981
4,153,198
8,323, 56 4,018,696 4,123,050 3,507,780 3,597,452 4,067,572 4.325,083 4,912,031 3,073,712
4,236,599 5.051.053
4,031,822
2,903,314 3,705,007 4,346,291 3,418,889

21,075
23,501
20,818
29,228

18,940
28,177
25,210
21,506

21,788
33,547
32.921
30,300

21,629
28,489
38,237
27,170

21,359
20,831
34,396
29,223

27,351
32,263
46,105
31,200

34,575
33,022
54,798
41,097

37,822
38,283
60,715
58,233

35,029
43,074
52,830

85,424
38,315
48,003

30,291
35,825
44,594

31,160
31,570
40,489

330,955
390,903
500,835

197,973
183,270
149,896
141,870

153,395
102,301
147,921
130,730

174,718
190,007
179,720
148,628

193,730
212,952
200,035
109,400

204,956
217,895
214,102
196,540

221,705
230,799
219,338
171,130

249,556
249,707
197,917
148,049

240,089
255,270
182,440
*189,850

250,838
254,669
181,924

283,151
246,869
220,950

223,210
193,558
195,503

219,187
185,379
158,227

2,592,512
2,583,340
2,253,973

113,735
113,631
138,179
117,290

116,908
122,449
127,553
111,821

109,097
123,071
133,830
117,479

106,403
110,136
135.422
113,426

106,003
100,410
128.907
70,558

100,715
118,643
117,313
80,500

114,896
114,311
128,358
*108,290

121,163
135,245
130,280
*111,970

135,152
145,253
127,091

150,888
153,841
139,039

125,315
141,017
119,098

135,190
143,818
125,492

1,435,626
1,531,801
1,553,974

350,258
351,874
435,903
305,840

347,040
371,799
415,308
*333,179

330,418
331,973
444,083
*364,511

287,950
302,678
411,025
*324,654

285,374
303,382
369,090
*29i ,000

270,045
292,043
341,000
*274,300

322,516
354,801
320.000
*205,100

349,460
400,490
314,500
*350,800

447,181
422,728
357,597

577,287
499,771
527,998

505,755
483,181
555,032

480,582 4,565,790
532,079 4,646,599
506,503 c5,008,857

90,700
1892 ..............„ ...(2 4 8 m .)
121,402
...................(243 m.)
1893
131,493
„1894 .......................(248 m.)
90,159
S o u t h e r n P a c if ic C o .—
1891..
..(6,220 to 0,461 m.)3,853,191
1892. ...(0,461 to 0,5¿6 m.) 3,510,040
1898.. ..(0,520 to 0,624 m.),
3.794,004
1894 ..
(0,624 m.) 3,400,729
T e x a s <St P a c i f i c 1891 ................... (1.499 m.),
014,089
1892
............... (1,499 m.).
545,695
1893.. . . .........(1,499 m.),
632,047
1894.....................(1,499 m .),
608,794
U n io n P a c if ic 1891 ............ ... (8,144 m .). 3,115,377
1892.. .(8,143 to 8,153 m.). 3,214,128
1893 ................... (8,167 m .). 3,163,222
18946. .(8,212 to 5,681 m .). 2,2(2,641
W a b a sh 1891 ................(1,880 m .).
994,852
1892 ............... (1,880 m .). 1,128,160
1 8 9 3 .. . (1,880 to 1,933 m .).
1,003,829
1 8 9 4 .. . .....(1 9 3 5 m .).
905,157

95,140
130,778
112,573
84,802

108,471
149,310
131,850
95,064

114,952
137,418
136,052
89,052

170,948
129,930
158,883
140,038

167,925
184,048
150,593
127,909

157,038
203,457
151,841
123,012

152,418
192,799
134,389
«145,110

182,777
229,118
162,381

247,541
248,499
192,946

200,572
217,659
150,900

141,282
180,292
93,872

3,312,369
3,420,877
3,527,379
3,020,872

3,709,440
3,858,420
3.7 <7,657
3,532,542

3,743,327
3,752,620
3.900,204
3,727,567

3,941,235
3,802,599
4,157,951
8,024,890

4,051,980
3,980,473
4,013,283
3,388,215

507,589
564.887
576,027
462,893

505,454
532,458
580,420
501,804

531,983
471,277
522.001
475,528

460,040
411,042
514,972
470,237

493,343
418,205
458,000
411,024

2,779,023
2,920.415
2,858,418
2,200,051

3,272,986
3,298,101
3,217,417
2,378,560

3,325,810
3,218,242
8,154,815
2,395,514

3,419,427
3,400.915
3,455,251
2,533,221

3,524,741
3,920,412
3,344,087
2,245,593

P h i Ia . & R e a d i n g —

.
•
•
■

1892 ................ (1,184 i .
1893. ...(1,184 to 1,170 i •
1894 ...............(1,170 r •
C o a l & I r o n C o .—
1891 ......................... .
1892d___..................
1893d......................... ..
1894d........................ •
T o t a l b o t h C o .’s —
1891........................... .
1892d........................ .
1893d......................... .
1894d ......,. .............. .

P i t t s b . S h . & Li. E r i^

1891 .....(133 to 178 m.)
1892 ...................(178 m.)
(178 m.)
1893 ......
1894 ................(178 m.)
R i o G r a n d e W e s t ’n —
1891 ........(405 to 462 m.)
1892 ..... (462 to 514 m.)
S t . JL. A . <& T . I I .

1892 ....
1893 .
1894 .

...(239 m.)

1892..........................(1,323m
1893* ................ (1,223 m
1894..........................(1,223 m
S t . P a u l tfc D u l u t h —

W est. N. Y . & P e n n .—
1891........................ (029 m .).

1898........................ (629 m .).
__1894 ................... „(629 m .).
* A pproxim ate figures.

290.575
249.004
278,314
209,948

1,829,762
2,130,710
1,713,759

4,288,917 4,510,257 4,892,207 5,238,054 4,787,908 4,134,280
4,132,484 4,593,055 4,700,851 4,800,951 4,487,706 4,085,733 50,449,810
48,972,195
4,004,446 4,017,410 4,242,925 4,711,761 4,229,140 3,082,803 48,049,548
2,730,190
514,401
502,307
471,389
446,559

530,788
513,800
449,223
*520,994

800,110
615,385
590,283

906,534
800,522
848.520

700,454
794.839
865,123

735,040
816,783
824,359

7,220,462
0,937,700
7,334,290

3,580,289 3,828,096 4,319,050 4,714,032 4,370,434 3,750,807 44,006,731
3,750,150 4,075,290 4,585,218 4,082,010 4,232,201 3,722,014 45,025,170
2,828,874 2,658,115 3,038,922 3,015,294 3,306,072 2,750,329 37,445,418
0 1,725,337

944,830
1,087,850
1,019,846
802,485

1,023,338
995,138 1,038,640 1,047,306 1,291,850 1,373,470 1.350.142 1,333,631 1,203,980
1,348,190 13,951,180
1,134,704 1,052,952
955,362 1,123,025 1,115,302 1,415,427 1.400.143
1,135,189
993.19« 1,110.903 1,211,093 1,150,784 1,243,362 1,297,178 1,411,780 1,185,776 1,151,958 14,168,416
1,402,703 1,134,479
987,602 13,750,158
1,007,539
873,481
857,244
831,591
703,601 1,227,853
243,175
275,016
268,474
294,149
304,324
833,889, 350,338
342,872
315.188
291,202
304,119 3,013,3!9
280,44*
206,028
272,850
280,825
270,187
305,331
325,880
331,203
305.393
305,184
315,137 3,530,088
258,118
8 ¿0,007
3)5,105
325,441
318,494
302,3151 290,031
237.500
297,031
276.274
232,705
3,49 4,008
195,839
257,171
239,894
183.580
230,9741 309.071 *313,801

t And 60 miles of canal.
t Does not includes Wisconsin Central for any of the years.
o Western & Atlantic Included from July 1,1891.
t o r O i ^ o n l S f c U ^ i O ^ f « 0 8 °f H r^
h
Topeka & Southwestern are excluded in 1894, but not for previous years, and after July in 1894 results
tor uregon Railway & Navigation and Onion Pacific Denver & Gulf are also excluded.
5
foljmd necessary after monthly totals had been published.
e Figures are given in Meccan ourrenoy.1,0Wilh & WiUsesbarre departments has been eliminated from these figures.




TRUST

195

TRUST COMPANIES,

S e p t e m b e r , 1894.]

COMPANIES OE NEW
BROOKLYN.

YORK

AND

The semi-annual reports of these companies for the six
months ending June 30, 1894, compare w ith'the six months
ending Dec. 31, 1893, as follows :

FARMERS’ LOAN & TRUST COMPANY.
Resources.
Dec. 31, ’93. June 30,1894.
$353,800
$403,800
Bonds and m ortgages.................... ............
Stock investm ents (market value)............
5,629,462
8,009,412
10,893,267
9,727,311
Amount loaned on c o lla te ra ls...............
Amount loaned on personal securities...
1,846,250
1,620,000
Real estate (estimated value)..................
1 , 000,000
1, 000,000
2,004,848
2,003,211
Cash on h a n d .................. ............................. .
11,999,973 10,343,466
Cash on d e p o sit...____ _______________ .
312,460
469,114
Other assets.................. ............................ .

ATLANTIC TRUST COMPANY.
Resources.
Dec. 31,1893. June 30,1894.
Bonds and m ortgages.....................................
$367,000
$246,500
$34,040,060 $33,576,114
T o ta l.....__ . . . . . . . . . . . . . . ......... . . —
Stock investm ents (m arket v a lu e ).............
445,200
460,777
Liabilities.
Amount loaned on collaterals.........................
4,873,060 4,606,205
Cash on h a n d ...................................................
186
210 Capital stock paid in ....................................
$ 1,000,000
$ 1,000,000
825,735
657,026 Surplus fund......................... ...................
Cash on deposit....................... : . .......................
4,240,259
4,263,192
Other a s s e ts ....................................................
59,778
60,013 Deposits in tru s t............................................
28,667,122
28,190,048
132,679
122,874
Other liabilities.. . . . . . . _ ......... .................
_
Total..................................
$6,570,959 $6,030,731
$34,040,060 $33,576,114
Total..................................................... .
Capital stock paid in .................... . . ..........
$500,000
$500,000
Supplementary.
Surplus fu n d ......................................................
500,000
500,000 Total am ount of profits during year..... ........*$1,572,895
$tl,300,820
Undivided profits..............................................
158,278
175,794 Amount of interest paid to and credited
201,046
65,813
Deposits in t r u s t .. .. .. . ...........
t562,185
*739,957
depositors, same p eriod......... ..................
General deposits, payable on demand..........
5,190,134 4,767,323 Expenses of institution, same period............
tl95,556
*191,426
Other liabilities................................
21,501
21,801 Divs. declared on capital stock, same period
t 300,000
*300,000
24,348,407
Am’t of deposits on which int’st is allowed.
Total..............................................................
$6,570,959 $6,030,731 R ate of interest on sam e.................. .............. 23,709,985
1 to 5
1 to 5
Supplementary.
Total am ount of profits during year.............
*$118,042 t$256,175
FRANKLIN TRUST COMPANY (BROOKLYN).
Amt. of int. credited depositors, same period
' *53,692
1118,822
Resources.
Expenses of the institution, same period—
*30,711
t52,036
Dec. 31,1893. June 30.1894.
Divs. declared on capital stock, same period.
*60,000
t60,000
$508,000
$53<»,000
Am’t of deposits on which int’st is allowed.
5,041,232 4,421,246 Bonds and m ortgages.................. ..............
2,127,222
2,306,985
R ate of interest on same.................................
2 to 4
1 to 4 Stock investm ents (m arket value)............
2,140,940
1,863,734
Amount loaned on collaterals...................
BROOKLYN TRUST COMPANY (BROOKLYN.)
407,705
309,748
Amount loaned on personal securities__
501,187
485,698
Real estate (estimated value)....................
Resources.
5 17,607
Dec. 31.1893. June 30,1894. Cash on h a n d ...............................................
£ 1,099,905
( 1,095,757
$502,500
$680,750 Cash on deposit.............................................
Bonds and mortgages .......................
182
3,090,450
2,759,200 O verdrafts ....................................................
Stock investm ents (m arket value)........
48,410
47,438
6,258,331 Other assets..................................................
5,872,106
Amount loaned on c o lla te rals...............
537,596
711,497
Amount loaned on personal securities.
$6,667,121
$6,832,397
T otal........................................... ............
175,000
175,000
Real estate (estimated value)................
89,777
Cash on han d .......... ................................ .
Liabilities.
£ 1,662,859
1,625,369 Capital stock paid in ......................
Cash on deposit.......................................!
$ 1,000,000
$ 1,000,000
—
446
O verdrafts................................................
772,383
800,219
89,315 Surplus fund..................................................
81.345
Other assets...............................................
86,084
40,795
Deposits in tru s t...........................................
4,924,714
4,734,353
General deposits, payable on d e m an d ....
$12,095,757 $12,215,784 In terest accrued on deposits.....................
Total
25,786
Liabilities.
20,679
94,505
Other liabilities............................................
$ 1, 000,000
Capital stock paid i n . . . ..... .......... ................. $1,000,000
1,494,517
1,479,820
Surplus fund and undivided profits............
$6,667,121
T otal....................... I ................................... $6,832,397
663,727
Deposits in t r u s t .......... ................
770,532
Supplementary.
8,967,983
General deposits, payable on dem and..........
8,749,632
$292,283
*$360,423
50,000 Total amount of profits during year........
Dividend payable..............................................
50,000
39,557 Amount of interest paid to and credited
45,773
Other liabilities................................................
112,185
depositors, same period...............................
*126,618
T otal........................................................... $12,095,757 $12,215,784 Expenses of the institution, same perio d ...
48,812
*55,311
Supplementary.
80,000
Divs. declared on capital stock, same period
*80,000
t$566,005 Am’t of deposits on which in t’st is allowed. 4,893,435
Total am ount of profits during year............. *$754,529
t221,746 R ate of interest on sam e.................................
Amt. of int. credited depositors same period
*282,624
i to 4
1*2 to 4
t80,509
*77,777
Expenses of institution same perio d ............
t200,000
Divs, declared on capital stock same period
*200,000
HAMILTON TRUST COMPANY (BROOKLYN).
8,895,372
Am’t of deposits on which int. is allow ed...
9,487,785
Resources.
3
R ate of interest on sam e.................................
1 to 4
Dec. 31, 1893. June 30, 1894.
CENTRAL TRUST COMPANY.
$491,865
$490,365
Bonds and m ortgages.............................
585,100
622,300
Stock investm ents (m arket value)........
Resources.
1,703,473
1,968,299
Dec. 31,1893. June 30,1894. Amount loaned on collaterals............. .
6,450
*7,550
Bonds and m ortgages...............
$275,505
$159,226 Amount loaned on personal securities
C 23,155
4,804,790 Cash on hand.......................... ....'........... — I
Stock investm ents (market value). 4,980,106
623,236
\ 424.389
Amount loaned on collaterals...................... 17,959,841
17,731,388 Cash on deposit.......................... ...... .......
40,062
35,361
Amount loaned on personal securities.. ..
100,000
402,000 Other assets............. ................................
Real estate (estimated value).................. ..
850,000
850,000
............. .
$3,445,485
$3,626,120
Total
Cash on h a n d .......................; ........ .......... .
1,118
2,170
Cash on deposit......................
5,092,029
4,480,090
Liabilities.
Other asse ts.........................: .. .; . . . . . . . . . .
341,247
305,918 Capital stock paid i n ........................................
$500,000
$500,000
300,000
300,000
T o ta l...........................................................$2 9 ,5 9 9 ,8 4 6 $28,735,582 Surplus fund......................................................
51,288
Undivided profits........ 3...................................
31,757
Liabilities.
95,998
Deposits in tru s t....................
108,353
$ 1 ,000,000 General deposits, payable on d e m a n d .......
Capital stock paid in ..............
$1,000,000
2,655,032
2,481,132
Surplus fu n d ./................................
5,628,195
5,666,018 Other liabilities.................................................
23,802
24,243
7,324,995
8,119,462
Deposits in tru s t...................
General deposits, payable on dem and.......... 14,580,637
14,421,678
$3,626,120
T o ta l............................................................. $3,445,485
Other liabilities.................................................
271,552
322,891
v
Supplementary.
T o ta l........ .....................................................$29,599,846 $28,735,582 Total am ount of profits during year............. *$157,017
$139,223
Amount of interest paid to and credited
Supplementary.
64,417
depositors, same period................................
*66,556
Total am ount of profits during y ear................*$1,600,555 t$l,543,278
28,628
Expenses of the institution, same period . ..
*25,395
Amount of in terest paid to and credited de­
37,500
*32,500
t4 3 1,204 Divs. declared on capital stock same period.
positors, same period.................
*539,011
2,751,031
1157,628 Am’n t of deposits on which int. is allowed.. 2,589,486
Expenses of the institution, same period...
*158,259
11« to 4
1*2 to 4
t500,000 R ate of interest on sam e.................................
Divs. declared on capital stock, same period,
*500,000
Am’t of deposits on which in t’st is allowed. 20,619,576
18,650,459
KINGS COUNTY TRUST COMPANY (BROOKLYN).
1 to 3
Rate of interest on same...............................
1 to 3
Resources.
CONTINENTAL TRUST COMPANY.
Dec. 31.1893. June 30.1894.
Resources.
$792,790
$714,625
Dec. 31,1893. June 3 0 ,1894. Bonds and m ortgages.............................
891,699
845,199
Stock investm ents (m arket value).......
$306,500
$206,800 Amount loaned on collaterals................
Bonds and m ortgages............................
2,358,754
1,982,638
358,612
Stock investm ents (market value)____
639,845 Am ount loaned on personal securities,
609,672
524,144
..
1,639,279
2,035,141
Amount loaned on collaterals...............
10,137
10,137
74,014
Amount loaned on personal securities
158,415 Real e state .................................................
5 11,688
Cash on h a n d ...........................................
Cash on hand ........... ..............................
S 7,464 Cash on deposit.......................................
I
470,166
( 537,962
*• £ 520,896
> 543,379
Cash on deposit.......................................
406
99,315 O v e rd ra fts .................. ...........................
Due fiom b a n k s......................................
165,419
156,594
35,902
23,954 Other assets.................. .........................
Other assets................................. ............

Total
Supplementary.
Total am ount of profits during year.............
Amount of interest paid to and credited
depositors, same period...............................
Expenses of the institution, same p e rio d ...
Am’t of divids declared during same period
Am’t of deposits on which in t’st is allowed.
Rate of interest on sam e.. ..............................




$5,378,527

$500,000
500,000
40,130
723,719
2,906,027
33,627

$500,000
500,000
66,094
698,137
3,506,986
107,310

$4,703,50?
Supplementary. .
*$263,680
1$131,079 Total am ount of profits during year.............
Amount of interest paid to and credited
depositors, same period...............................
*73,409
154,175
*32,816
142,606 Expenses of institution, same period............
17,500 Divs. declared on capital stock, same period
*30,000
2,260,803 Am’t of deposits on which in t’st is allowed. 3,580,736
I t o 3 Rate of interest on sam e.................................
1*2 to 4

$5,378,527

$3,714,313

$500,000
250,000
93,267
544,382
1,535,454
12,100

$500,000
250,000
109,929
873,332
1,965,847
15,205

$2,935,203

Capital sto c k p a id in ..................
Surplus fund..............
Undivided profits.....................
Deposits in tru s t........ -M
..................................
General deposits, payable on dem and..........
Other ¿abilities..............

For the calendar year 1893.

$4,703,503

$2,935,203

T o ta l...................

$3,714,313

*$173,149
*55,354
*42,362
............
2,043,336
I 1 to 5
«

1 For the year ending June 30,1894.

T o ta l........................................................
Liabilities.
Capital stock paid i n .................................. .
Surplus fund.................................................
Undivided profits.................. .'......................
Deposits in tr a s t........ ................................;
General deposits, payable on dem and.....
Other liabilities............................................
Total

For the calendar year 1893.

t$222,023
171,680
133,302
135,000
3,863,283
11« to 4

1For the year ending June 30,1894

156

INVESTOKS’ SUPPLEMENT.

[Vol IIX.
.

KNICKERBOCKER TRUST COMPANY.
Resources.
_ .
,
Dec. 31,1893 June 30,1894.
Bonds and m ortgages.......... , .........................
$63,500
$ 127,500
1,797,131
2,231798
Stock Investm ents (market value)...............
Amount loaned on c o lla te ra ls ..................
3,085,629
2,392’o80
Amount loaned on personal securities........
40,250
208 972
Cash on deposit................................................5 ifOo/jOi*
1 1 544 282
O verdrafts............................... .
’
’299
Other a s s e ts ....................................... !!!!!!!.
89,928
86,553
.

METROPOLITAN TRUST COMPANY.
Resources.
.
Bonds and m ortgages................................... Dec. 31,1893. June 30,1894
.
* 200.000
$200,000
Stock investm ents (m arket value)..........'
1 979’ ¿25
2,257,800
Loaned on collaterals............................... " J 4’5 4 l’985
5,427,679
Real estate (estimated v a lu e ). .......... ” ” ”
’550 000
550,009
Cash on h a n d ......................... .........................
6'-844
13,711
Cash on deposit.............................. !!!!!!!!!!!!
641 803
491,762
7 l ’l7 7
Other assets......................................... Mr.......
73,125

*6,763,950
Total............................................ ..
Liabilities.
Capital stock paid i n .......................................
$750,000
Undivided p ro fits............................ ...............
330,633
1,788,930
Deposits i n t r u s t . . . . . . .............................
General deposits, payable on dem and..........
3,824,542
Other lia b ilitie s................................... ..........
69,845

Total- • .......... . .......................................... $7,991,034
Liabilities.
Capital stock paid in ............. .........j ............
* 1,000,000
Surplus fund ....................................
1,020,519
General deposits, payable.on demand ".'."..! 5,907,680
Other liabilities..........................
62,835

$6,667,497
$750,000
340,650

1,484,662
4,040,100
52,085

$9,014,077
$ 1,000,000

1,033,279
6,913,905
66,893

Total.

$7,991,034
$9,014,077
Supplementary.
Total amount of profits during y e a r.. . . _
_
*$471,277
t$172,621.
t$209,745 Amount of interest paid to and credited
depositors, same period.......... ..............
*199,390
177,414
1110 832 Expenses of institution, same period"!!..!!
*64,109
129,448
187,130
declared on capital stock, same period
*80,000
140,000
145,000 Divs. of deposits on which int. is allowed .
Am’t
5,661,252
6,702,294
3,711,738 Rate of interest on same.................................
1*9 to 4
1 to 3 incl..
1 to 4
NASSAU TRUST COMPANY (BROOKLYN.)
LONG ISLAND LOAN & TRUST COMPANY (BROOKLYN.)
Resources.
Resources.
31,1893.
_ .
,
Lee. 31,1893. June 30,1894. Bonds and m ortgages......................................Dec.$405 703 Jtm e3 0 ,1894.
$446,903
Bonds and m ortgages......................................
$386,300
$ 422,121 Stock investm ents (market value)................
1,013 ,*619
1,154,489
Stock investm ents (m arket value)................. 1,315,220
1 ,271,780 Am ount loaned on collaterals................ .
— ~
931,091
786,270
Am ount loaned on collaterals.......................
1,653,437
1,173,220 Amount loaned on personal securities .
141,678
157,211
Amount loaned on personal securities. . . . . .
146,200
202000
Cash on hand. ........................................
5 11,413
Real estate (estimated value).................. .
110,000
110 000 Cash on deposit....................... !!!!!!!!!!!
231,096
{413,499
Cash on hand ..................................... .......... 1
< 27,251 Other asseit®...............................................
17,050
15,083
O verdrafts.................. .......................................
’ 3;
O ther a s s e ts .......| ................. .................... ..; *
34,375
29,879
T ° ta l.......... ............................................$2,740,237
$2,984,868
Liabilities.
$3,963,959
$3,577,887 Capital stock paid in ............. ..............
T o ta l.............................- ............
$500 000
$500,000
Liabilities.
Surplus fund................................................ .
170 269
192,106
17 469
Capita] stock paid in .............; .........
$500,000
$500,000 Deposits in tr u s t........................... -.!!!!!!!!!.’
2,281,211
Undivided p ro fits ......................................
297,041
308,219 General deposits, payable on demand........ ." 2,043,840
8 659
Deposits in t r u s t ..................A ........................
402,495
96 499 Other liabilities...............................................
8,551
General deposits, payable on d e m a n d ........
2, 706,279
2 639,573
Other pliabilities.......................
58,144
33,596
T o ta l................ ......................... . . . . . ; ........ $2,740,237
$2,984,868
Supplementary.
T o ta l.................. ........... . . . . . . . . .............. $3,963,959
$3,577,887
Total amount of profits during year.............. *$163 114
Supplementary.
f$69,886
interest paid to and credited de’
Total am ount of profits during y e ar............. *$194,885
t$170,080 Amount of same period......................................
positors,
*60,041
125,326
Amount of interest paid to and credited
*23,163
Expenses of institution, same period...........
t i l , 628
depositors same period................................
*84,801
t69 956
Div. declared on capital stock, same period.
*30,000
115,000
Expenses of institution, same period...........
*23,129
123’627 Am’t of deposits on which int. is allow ed...
2,057,285
2,282,257
Divs. declared on capital stock, same period
*40,000
140000
Rate of interest on sam e.........................
1*2 to 3»*
Am’t of deposits on which in t’st is allowed.
3,102,660
2,724,Of 9
Rate Of interest on sam e.................................
1*2 to 313
l 1 to 3
«
NEW YORK GUARANTY & INDEMNITY COMPANY;
MANHATTAN TRUST COMPANY.
Resources.
Dec. 31,1893. June 30,1894.
Resources.
Bonds and m ortgages................................... I
$81.146
$1! 6,286
Dec. 31,1893. June 30,1894. Stock investm ents (market value).......... 3,002,661
4,139,077
Bonds and mortgages ....................... ..............
$44,000
$44,000 Amount loaned on collaterals.........................
4,994,143
5,347,941
Stock investm ents (market value)............... ." 2,277 ,’452
2,197,516 Amount loaned on personal securities................................ 577,437 40,973
Amount loaned on collaterals.......................
1.237.857
1,168,911 Real estate (estimated value).........................
103,029
101,629
Cash on hand............................. ......................> .
150,000 Cash on h a n d .............................................
> 3 t®____
Cash on deposit...............................................5 1,664,995
9,025
2,807,727 Cash on deposit......................................... !!!!!! 5 4,062,939 f
{ 3,533,447
Other a s s e ts ...........................................156,546
77,317 Other assets................................... ......"!!!!!!!
86,936
45,236
T o ta l.............................................. ! . . ......... $5,380,850
$6,445,471
Total.......... ............................y |...................$13,808,291 $13,333,614
Liabilities.
7A.tih&
IA
Capital stock paid in .............................
$ 1, 000,000
$ 1,000,000 Capital stock paid in .................................... ! ... $2,000,000
$2.000,000
Surplus fund ..... ....................................
200,000
1 ,000,000
200,000 Surplus fund. ........
1 .000,000
Undivided profits...................................
10,232
436 236
27,808 Undivided profits....................... .; ..............
552,412
Deposits in tru s ts ...................................
2,031,090
933,076 Deposits in tru s t.............................
1,830,739
General deposits, payable on demand
4,135,727
3,320,992 General deposits payable on dem and................................... 8,255,160
7,764,342
Other liabilities..................................
34,891
85,805
963,595 Other liabilities......................; ...................... .
186,121
T o ta l............................................................. $5,380,850
T otal............................................
3,445,471
$13,808,291 $13,333,614
Supplementary
Supplementary.
Total am ount of profits during y e ar........
*$275,316
f$247,036 Total am ount of profits during year ... ..
$756,359
t$612,975
Amount of interest paid to and credited de­
Amount of interest paid to and credited
positors, same period..........................
depositors same period.................................
*93,609
f94,841
*246,531
t208,435
Expenses of institution, same period..!!!!!
*69,919
t70,275 Expenses of the institution same period__
*109,104
1121,661
Div. declared on capital stock same period.
*50,000
t50,000 Dividends declared..........................................
*140,000
1140,009
Am’t of deposits on which int. is allow ed...
3,663,442
3,711,330 Amt. deposits on which interest is allowed.
9,336, ! 87
9,196,231
R ate of interest on sam e.........................
2 *2 to 4
1*2 to 4 Rate of interest on sam e................................
1*2 to 4
1 to 4
Total............... .................; .......................... $6,763,950
Supplementary.
Total am ount of profits during year............. *$234,996
Amount of interest paid to and credited
depositors, same period........................... .
*132,729
Expenses of the institution, same period_
_
*88,438
Divs. declared^ on capital stock same period
*45,000
Am’t of deposits on which in t’st is allowed.
4,674,823
R ate of interest on sam e.................................
1*2 to 4

$6,667,497

MERCANTILE fcRUST COMPANY.
Resources.
.
.
Dec. 31,1893. Jim e 30,1894
Bonds and m ortgages........... .........................
$356,660
$345,469
Stock investm ents (m arket value)................
3,819,129
4,287 636
Amount loaned on collaterals...... ............... 15,715,488
14 900 784
Amount loaned on personal securities........
675,286
1,224 628
Real estate (estimated value).........................
49,901
' 47’778
Cash on h a n d . . .................................... .
1,028)969
2o|048
Cash on deposit................................ ...............
4,313,728
4,624|970
Other assets.....................................................
923,164
938,679

NEW YORK LIFE INSURANCE & TRUST COMPANY.
Resources.
_ .
.
•
Dec. 31,1893. June 30,1894.
Bonds and mortgages ..................................... $2,481,234
*2,537,644
Stock investm ents (m arket value)...............
7,496,508
9 496 094
Amount loaned on collaterals.......................
5,885,700
4 047’833
Amount loaned on personal securities........
7,565,910
7!o75’887
Real estate (estimated value).........................
485,000
485000
Cash on h a n d ...................................................
2,986,860
3,700’009
,
Cash on d e p o s it...... ........................................
35,250
133,841
Other assets..............................
572,675
562,772

Tota1' .......................................... . . ............. $26,882,305 $26,389,992
Liabilities.
Capital stock paid in ....................................... $2,000,000
$2,000,000
Surplus fu n d ............................. .......................
1,750,000
1,750,000
Undivided profits....................
190,776
261,505
D e p o sitsin tru s t....
.................................
814,470
728.019
General deposits, payable on dem and........ 22,127,059
21,650,468

T otal........................................... l................$27,509,137 $28,039,071
Liabilities.
Capital stock paid i n ............. . . . . ................... $1,000,000
*1,000,009
Surplus fund
.......... ............g § ...................
2,207,228
2,394 755
Undivided profits..............................................
37,968
28, *79
Deposits in tr u s t............................................... 22,663,114
23,087 261
Other liabilities.................................................
1,600,827
1,528,676

T o ta l............................................................. $26,882,305 $26,389,992
Supplementary.
Total am ount of profits during y ear....... -.*$1,047,293
t *924 174
Amount of interest paid to and credited de­
positors, same period....................................
*524,533
f 449 115
Expenses of institution, same period..........
*140,160
f 138 964
Divs.declared on capitai stock, same period
*200,000
t 200.’000
* ° | deposits on which int. is allow ed...
19,787,918 16,763 406
R ate of interest on sam e.................................
1 to 4
fto 3

T otal......................................
$27,509,137 $28,039,071
Supplementary.
Total amount of profits during year............. *$1,265,001 t$l,141,589
Amount of interest paid to and credited
depositors, same period ..............................
*701,256
1607965
Expenses of institution, same period..........
*98,848
1101992
Divs. declared on capital stock, same period
*300,000
1300009
Am’t of deposits on which in t’st is allowed. 22,663.114
23,087,261
Rate of interest on sam e................................
1 to 5
1 to 5

* For the calendar year 1893.




t For the year ending Ju n e 30, 1894.

* For the calendar year 1893.

f For the year ending June 30,1894.

S e p t e m b e r , 1894.]

TRUST

COMPANIES,

157

NEW YORK SECURITY & TRUST CO.
TITLE GUARANTEE & TRUST COMPANY. (Concluded.)
Resources.
Liabilities.
Lee. 31,1893. June 30,1894.
Lee. 31,1893. June 30,1894. Capital stock paid in ....................................... $2,000,000
$ 2,000,000
Bonds and m ortgages.....................
$298,500
$250,500 Surplus fund.................
861,632
968,235
Stock investm ents (market value).
,. 2,078,191
2,496,787 General deposits, payable on dem and.......... * 663,421
433,574
. 3,054,902
2,550,505 Other liabilities.............................................
212,848
274,876
Am ount loaned on personal securities.
975,158
1,020,993
Casli on h a n d ........................ ...................
518,572
12,992
T o ta l......................................................... $3,737.901
$3,676,685
. 4,118,108
3,513,035
O ther assets.
56,534
53,547 Profits during year.............. Supplementary. *$750,609
t$703,145
depositors
*20,248
117,549
. $11,099,965
$9,898,359 Interest creditedinstitution, same period__
Expenses of the
same period...
*418,648
t426,956
Liabilities.
Div’s declared on capital stock, same period.
*120,000
tl20,000
. $1,000,000
$1,000,000 Deposits on which interest is allowed..........
651,821
423,141
1,000,000
1,000,000 Rate of interest on sam e.................................
Ito 4
1 to 4
Undivided profits.
55,434
56,162
Deposits in tr u s t..
UNITED STATES MORTGAGE COMPANY OF NEW YORK CITY.
. 9,012,408
7,809,330
Other liabilities...
32,123
32,867
Resources.
Lee. 31,1893. June 30,1894.
T o ta l...........................................................$11,099,965
. $11,099,965
$9,898,359 Bonds and m ortgages...................................... $1,438,369
$1,824,229
Stock investm ents............................................
762,636
Supplementary.
1,783,178
Amount loaned on collaterals.......................
2,675,758
1,776,023
. *$360,542
t$368,935 Amount loaned on personal securities........
46,293
301,341
Amount of interest credited depositor
61,250
same period.. »............... . . ...........................
*128,662
1129,795 Real estaten(estimated value)......................... , 69,250
Cash on h a d .....................................................>
_
347
Expenses of the institution, same period..
*58,2d0
t48,961 Cash on deposit............. ................................. .5 1*372,316
2,314,210
Amount of dividends declared, same perio< L
................ . . . . '
tso .io o Other assets
65,086
80,538
Am’t of deposits on which int. is allow ed.. . 8,197,981
6,223,215
R ate of interest on sam e..... .........................
11« to 4
1 to 4 incl.
T otal............................................................. $6,429,708
$8,141,116
Liabilities.
PEOPLE’S TRUST COMPANY (BROOKLYN.)
Capital stock paid in ............. .-........................ $2,000,000
$ 2 ,000,000
Resources.
Surplus fund
................................................
600,000
600.000
Dec. 31,1893. June 30,1894. Undivided profits..........................
35,337
105,574
Bonds and m ortgages......................................
$984,525
201,498
Deposits in tru st.............................................
80,248
Stock investm ents (m arket value)...............
2,200,884
General deposits................................................ 3,028,214
4,107,314
3,713,038
A m ount loaned on collaterals.......................
Other liabilities...............................
564,659
1,247,980
Amount loaned on personal se c u ritie s .......
243,858
Real estate (estimated value).......................
60,000
T o ta l....................................................
$6,429,708
$8,141,116
160,934
Cash on h a n d ........................
Supplementary.
Cash on deposit................................................
1,463,525
Amount of profits during y ear........... *$280,394
t$385,572
O ther assets......................................................
90,033
Int. credited depositors during same period.
*25,561
tßi',743
T o ta l............................................................. $8,916,797
Expenses of institution same period.............
*83,359
182,892
Dividends during same period............
*60,000
Liabilities.
1120,0 0 0
Capital stock paid in ........................................ $1,000,000
Amt. of deposits on which int. is allow ed..
3,121,040
4,109,496
Surplus fund
R ate of interest on s a m e ..............................
2 to 4
850,000
1 to 4
Undivided profits
72,143
UNION TRUST COMPANY.
Deposits in tru st
648,105
Resources.
6,116,392
General deposits, payable on demand..........
Other liabilities
Lee. 31,1893. June 30,1894.
230,157
Bonds and m ortgages...........................
$200,800
$722,200
T o ta l.
2,092,340
Stock
....................................................$8,916,797 $8,641,688 investm ents (m arket value)......
3,937,530
Amount loaned on collaterals.............. 17,462,014
13,870,754
Supplementary.
1,900,000
1,900,000
Total am ount of profits during y e ar............ *$434,569
t$406,595 Real estate (estimated value)..............
Cash on hand..........................................
4,024,421
4,044,572
Amount of interest paid to and credited de­
Cash on deposit....................................... 9,786,901
12,795,633
positors, same period....................................
*181,451
tl57,655 Other assets........................
180,859
175,887
*49,152
148,858
Expenses of institution, same period............
T o ta l...................................................$35,647,335
Divs. declared on capital stock, same period
*80,000
t80,000
$37,446,576
Liabilities.
Am’t of deposits on which interest is allowed
6,377,024
6,208,154
R ate of interest on sam e.................................
1 to 4
1 to 4 Capital stock paid i n ........................... $1,000,000
$ 1 ,000,000
Surplus fund............................ ............... 1
......... 4,610,267
4,731,640
REAL ESTATE TRUST COMPANY.
General deposits, payable on dem and........ 29,681,653
31,324,013
Other lia b ilitie s......... ....................................
355,415
Resources.
390,923
Lee. 31,1893. June 30,1894.
T o ta l...................................................$35,647,335
$37,446,576
............
Bonds and m ortgages.......... ...........................
$90,000
Supplementary.
Stock investm ents (market value).................
929,267
906,136 Total amount of profits during year .
*$1,457,216 t$l,203,183
Am ount loaned on collaterals..... ................... 1,495,430
1,848,600 Amount of interest paid to and credited de­
A m ount loaned on personal securities........
10,943
9,232
positors, same p e rio d .................................
*659,814
t606,522
Cash on h a n d .............................................. . \
n , . <\nn
5
5,508 Expenses of the institution, same p e rio d ...
*167,725
tl72,983
Cash on deposit................................................. i
oou.y / /
I 544,009 Dividends on capital stock, same period_
_
*240,000
1240,000
O ther assets........................................................
11,466
10,907 Amount of deposits on which int. is allowed 27,977,004
29,319,701
R ate of interest on sam e.................................
1 to 5
1 to 4
T otal.............
$2,798,083
$3,414,392
UNITED STATES TRUST COMPANY.
Liabilities.
Resources.
Capital stock paid in ........................................
$500,000
$500,000
Surplus fund...........................
250,000
250,000 Bonds and m ortgages...................................... Lee. 31,1893. J u n e 30,1894.
$2,853,500
$2,784,000
Undivided p ro fits........ ...................
43,454
48,462
(m arket value). ............... 10,106,965
16,731,390
Deposits in tru s t..............................................
2,004,629
2,615,930 Stock investm ents c o llaterals....................... 23,524,088
Amount loaned on
19,696,265
Amount loaned on personal securities......... 7,768,505
8,283,110
T otal............................................................. $2,798,083
$3,414,392 Real estate (estimated value).........................
1,000,000
1 ,000,000
Supplementary.
Cash ...................................................................
5,561,679
4,499,060
T otal am ount of profits during year.............
*$138,198
t$123,411 Other a sse ts...............................
499,431
429,509
A m ount of interest paid to and credited
depositors, same period...............................
*54,483
t51,025
T o ta l..........................................
$51,314,168 $53,423,334
Expenses of the institution, same period...
*31,244
t32,v45
Liabilities.
Div. declared on capital stock, same period.
*27,500
t27,500 Capital stock paid i n ........................................ $2,000,000
$ 2 ,000,000
Amt. of deposits on which int’st is allowed.
2,004,629
2,600,875 Surplus fund......................................................
8,706,406
8,953,284
R ate of interest on sam e.................................
2 to 3
11« to 3 Undivided profits..............................................
3o4,571
334,756
Deposits in t r u s t .............................................. 39,144,612
41,001,686
STATE TRUST COMPANY.
Other lia b ilitie s......................................: ........ 1,158,576
1,133,608
Resources.
Lee. 31,1893. June 39,1894.
$51,314,168 $53,423,334
T o tal..........................................
Bonds and mortgages.......................................
$20,000
$44,856
Supplem entary.
Stock investm ents (market value).................
1,813,592
2,034,434 Total am ount of profits during year............... *$2,408,753 t$2,414,768
Amount loaned on collaterals........................
3,679,561
4,078,728 Amount of interest paid to and credited de­
Real e state ...............................................................
97,339
97,350
positors, same period.................................... *1,014,530
t911,769
9,3c8
Cash on h a n d ..................................
13.288
erio d ..........
*126,126
tl85,710
Cash on deposit................................................. 2,385,761
1,885,321 Expenses of institution, same p same period
Divs. declared on capital stock,
*640,000
t640,000
Other assets............................................................
49,585
59,719 Amt. of deposits on which interest is allowed 38,728,970
37,910,191
Total
,055,206
$8,213,696 Rate of interest on sam e.................................
1 to 4
Ito 4
Liabilities.
WASHINGTON TRUST COMPANY.
C apital stock paid in ........ ...................
$1,000,000
$1,000,000
Surplus fund...........................................
500,000
500,000
Resources.
Undivided profits..........................................
335,084
356,316
Lee. 31,1893. J u n e30,1894.
Deposits in tru s t...............................................
6,208,967
6,346,094 Bonds and m ortgages..............................
$48,600
$86,600
O ther liabilities.................................................
11,155
11,286 Stock investm ents (m arket value).......
624,100
609,150
Amount loaned on cpllaterals...............
2,638,631
2,873,631
T o ta l..............
$8,055,206
$8,213,696
Amount loaned on personal securities.
56,030
56,030
Supplementary.
5 26,175
T otal am ount of profits during year............. *$384,015
t$322,774 Cash on h and.................... ......................
737,805
Cash on deposit.......................................
( 556,559
Amount of interest paid to and credited de­
31,544
34,392
positors, same period.......................... .........
*156,838
t ’22,912 Other assets..............................................
Expenses of the institution, same period_
_
*63,405
t ^5,977
T otal..........................................................
$4,136,710
$4,242,537
Div. declared on capital stock, same period
*60,000
i 60,000
Liabilities.
Am’t of deposits on which int. is allow ed...
5,767,886
5,594,138
$500,000
$500,000
Rate of interest on sam e................................
2 to 31
«
I t o 3% Capital stock paid in.
Surplus fund...............
400,000
400,000
TITLE GUARANTEE & TRUST COMPANY.
Undivided profits.......
32,333
46,162
Resources.
General deposits.........
3,196,915
3,290,601
Lee. 31,1893. J u n e 30,1894. Other liabilities..........
7,462
5,774
Bonds and m ortgages....................... .'............. $1,853,^12
$2,051.899
Stock investm ents (market value).................
551,500
551,500
Total............................................................ $4,136,710
$4,242,537
Amount loaned on collaterals........................
101,885
157,727
Supplementary.
Cash on hand.....................................................> „nn „ „ a
5 4,507 Profits during y e a r .........................................
*$209,219
t$181,403
Cash on deposit.
.......... ...................... 5
700,228
( 365,159 Interest credited depositors, same period..
*90,988
i77,318
P la n t.........................................................
450,000
450,000 Expenses of institution, same period..........
*30,323
t30,529
O ther a sse ts.......... ............
81,076
95,893 Div declared on capital stock, same period
* 3 \0 0 0
130,000
Deposits on which interest is allowed........
3,122,257
3,247,222
$3,676,635 Rate of interest on s a m e ..............................
T otal........................................................... $3,737,901
11« to 4
1 to 31«
For the calendar year 1893. t For the year ending June 30,1894.
For the calendar year 1893. f For the year ending June 30,1894.